Full text of Survey of Current Business : August 1953
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AUGUST
Ism
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1953
SURVEY
OF C U R R E N T
BUSINESS
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
Albuquerque, N. Mex.
No. 8
204 S. 10th St.
AUGUST 1953
Atlanta 3, Ga.
86 Forsyth St. NW.
Boston 9, Mass.
261 Franklin St.
Buffalo 3. N. Y.
117 Ellicott St,
Los Angeles 15, Calif.
112 West 9th St.
Memphis 3, Tenn.
229 Federal Bide.
Miami 32, Fla.
36 NE. First St.
Minneapolis 2. Minn.
607 Marquette Are.
New Orleans 12. La.
PAGE
T H E BUSINESS SITUATION . . . . . . . .
1
Charleston 4, S. C.
Area 2.
Sergeant Jasper Bldg.
Cheyenne, Wyo.
307 Federal Office Bldf.
Review of National Income and Product
in the Second Quarter
New York 13, N. Y.
346 Broadway
Philadelphia 7, Pa.
3
Chicago 1, III.
SPECIAL ARTICLES
Cleveland 14, Ohio
7
Farm Capital Outlays and Stock . . . . . . 16
925 Euclid AT*.
Dallas 2. Tex.
1114 Commerce St,
Denver 2, Colo.
142 New Custom House
MONTHLY BUSINESS STATISTICS . . S-l to S-40
Statistical Index .
Inside Back Cover
1015 Chestnut St.
221 N. LaSalle St.
Cincinnati 2, Ohio
105 W. Fourth St.
State Income Payments in 1952 * , . , . . ,
333 St. Charles Ate.
Phoenix, Ariz.
137 N. Second Ave.
Pittsburgh 22, Pa.
717 Liberty Are.
Portland 4, Oreg.
520 SW. Morrison St.
Reno, Nev.
1479 Wells Ave.
Richmond, Va.
400 East Main St.
Detroit 26, Mich.
1214 Giiswold St.
St. Louis I, Mo.
1114 Market St.
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretary. Office of Business Economics, M. JOSEPH ME EH AN,
Director. Subscription price, including weekly statistical supplement, is
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any Department of Commerce Field Office or to the Superintendent of Documents, 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.
El Paso, Tex.
Chamber of Commerce
Bldg.
Salt Lake City 1, Utah
109 W. Second St. So.
Houston, Tex.
430 Lamar St.
Sac Francisco 2, Calif.
870 Market St.
Jacksonville 1. Fla.
311 W. Monroe St.
Sarannah, Ga.
125-29 BoH Si.
Kansas City 6, Mo.
Seattle 4, Wash.
911 Walnut St.
909 Firsi Ave.
For local telephone listing, consult section
devoted to U. S. Government
AUGUST 1953
By the Office of Business Economics
Bi
With prices stable during past year, real
x
disposable personal income per capita
has moved up with dollar income
120
1600
PER CAPITA DISPOSABLE
INCOME *
1500
110
1400
100
§
CONSUMER PRICE INDEX
\ 300
90
1200 t
i
l
i
l
I
'
1 80
The proportion of income spent
has remained stable
I 10
110
RATIO OF CONSUMPTION EXPENDITURES
TO DISPOSABLE INCOME
100
100
90
90
i
80
1950
-sir
"§
> ROAD production advances throughout the past year,
culminating in a $372 billion annual rate of national product
in the second quarter, have led to current business sales and
output well above those of any previous summer. Congress
has provided for Federal expenditures for national security
which, though smaller than once envisaged, will continue for
some time in the range of the present high rate. Against this
background of strong private and public demand, the cessation of fighting in Korea has made little immediate impression upon the domestic economy.
Civilian employment in July aggregated 63.1 million
persons, little changed from June, as farm operations and
other outdoor work continued seasonally high and industrial
activity brisk. Unemployment was the lowest for any July
since the war; only 1.5 million persons, or 2.4 percent of the
civilian labor force, were seeking work.
Widespread employment at gradually rising pay scales has
kept the Nation's payroll, and with it total personal income,
moving upward—despite recurrent declines in farm income.
Over the past year the rise in personal income has outstripped population growth. With basic tax rates unchanged, disposable personal income per capita has risen as
shown in the chart. Consumer prices have been steady so
that the advance in real disposable income per capita has
approximately paralleled that in current dollar income.
The uptrend in per capita disposable income has been translated into rising expenditures for personal consumption.
I
Industrial output large
i
80
1951
1952
1953
Consumer outlays for autos showed largest
relative increase, services next
PERCENT
0
INCREASE, FIRST HALF 1952
TO FIRST HALF 1953
10
20
30
AUTOMOBILES
AND PARTS
ALL OTHER
DURABLES
FOOD AND ALCOHOLIC BEVERAGES
ALL OTHER
NONDURABLES
SERVICES
~ QUARTERLY TOTALS, - SEASONALLY A D J U S T E D , AT A N N U A L RATES
U, S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
263747°—-53
1
53
Industrial activity has continued exceptionally high into
the third quarter, after allowance for the usual seasonal
slackening. Steel tonnage produced in July, with the newly
enlarged capacity operating at a high rate, was the largest
for any July on record. Automobile and truck output for
the month, virtually back to the spring high, was near a
record for July. New construction expenditures totaled
almost $3.3 billion for the month. The small increase
above June (2 percent) resulted largely from seasonal
gains in highway and public utility construction along with
a more than seasonal increase in commercial construction.
Housing construction remains high but the spring and summer rise has been less than usual for the season—possibly
because of the fast start residential building got in the first
quarter from, the exceptionally open winter.
Manufacturers' sales in June remained above $26 billion
for the third successive month to complete the best quarter
yet achieved. New orders, reported net of contract cancellations which in the case of military contracts continued significant, were a little below shipments and down $0.5 billion
from May. Hence unfilled orders continued their gradual
decline arid are now $5 billion below the peak reached last
September.
SURVEY OF CURRENT BUSINESS
The most substantial reductions have occurred in nonelectrical machinery and, reflecting primarily last year's steel
strike, in primary metals. However, the backlog remaining
to durable goods producers on June 30, as the Korean truce
approached, equaled $67.3 billion or 5.1 months' sales as
compared with $21.5 billion, or 2.3 months of sales at the
then-prevailing rate, when the fighting commenced 3 years
earlier. Manufacturers' inventories moved up again in June.
Federal Government spending programs provided the driving force behind the rising level of national output and income for 2 years after the invasion of South Korea. More
recently, developments in the private economy have dominated the economic situation to an increasing extent, and
Congressional action on the budget for fiscal year 1954 indicates that this tendency will continue. On the basis of the
President's estimate of last May, which does not appear to
be markedly changed by subsequent Congressional action, it
appears that total budget expenditures for fiscal year 1954
may be about 3 percent below the $76.2 billion annual rate
prevailing during the period January to June 1953. Little
change in the rate of national security expenditures is
implied.
August 1953
raw material costs for most final products, however, and
with wage rates and transportation and other costs continuing to rise, lower raw material costs have been reflected in
substantially lower prices to final consumers only in scattered
instances.
With these divergent trends, the general price level has
manifested unusual stability since the first of the year. The
average of wholesale prices as measured by the^Bureau of
Labor Statistics' index varied no more than 0.6 points
throughout the entire period December through June, then
rose 1 point in July. The consumer price index varied during
the same period (through June) by less than 1 point. In
wholesale markets, this stability followed a downward readjustment covering a period of 21 months after the peak was
attained in March 1951; at retail, it extended the stable
situation of the preceding half year, which had followed a
2-year advance.
Some divergent trends
A major development of the past year has been the gradual
but relatively steady depreciation in wholesale markets of
prices of raw and semimanufactured materials relative to the
prices of manufactured products. These trends have reflected the growing adequacy of raw material supplies and
semimanufactures relative to industrial consumption requirements, in the one case, and the continued strong demand for
the final products of industry in the other. The divergent
price trends signify that while the output of the farms,
forests, and mines of the free world is increasingly catching
up with industrial requirements, the output of our factories
is still—apart from special situations—well balanced with
demands for final products and for the building of stocks.
By June 1953, raw cr semimanufactured materials at
wholesale had lost three-fourths of the price rise during the
inflation period from June 1950 to March 1951 and stood
only 5 percent higher than just prior to the Korean invasion.
Wholesale prices of manufactures, on the other hand, retained almost three-fourths of their rise and stood 11 percent
above their starting point. Since June 1952, when both
types of products were 11 percent above their June 1950
levels, manufactures have remained steady in price while the
raw products and semimanufactures have persisted in their
downward movement.
Recent price weakness for agricultural products, to which
most of the divergence is ascribable, is chiefly due to falling
off in export demand while volume of domestic output and
marketings was larger. Weakness in some foreign agri-'
cultural materials such as copra, hard fibers, palm oil and
natural crude rubber has, however, been a contributing
factor.
Table 1.—Prices of Major Commodity Groups as Percentages of
all Wholesale Prices
Nonagricultural materials firm
Price Developments
June 1952
March 1953
June 1953
Raw or semimanufactured materials
All raw materials or semimanufactures
Metals . ..__
_ _ _ _ _
Nonmetallic minerals
Forest products
Chemicals.
_ _
_ _ __
Mineral fuels _
_
_
Agricultural nonfoods
__ _ . _ . _ _ _ _ _
Agricultural foods _ .
___
98.3
107.5
101.5
105.7
100. 6
94.7
95.1
95.5
96.6
112.3
103. 5
107 3
100.8
102. 1
89. 3
90.0
110. 2
108.0
107 9
104.4
102. 1
87.9
86. 1
100.6
108 0
105. 2
106. 3
95.5
98.2
91 6
94.6
101.2
111 0
107. 4
107.0
96 6
95.4
92 0
93 3
101.9
113 0
111. 1
107.9
96.4
95.2
92 8
92. 2
95.0
Manufactured products
All manufactures
Metals
Nonmetallic minerals __
Forest products
Mineral fuels
Agricultural foods
Chemicals
Agricultural nonfoods
_ _
_ _
SOURCE: Indexes and percentages computed by the Office of Business Economics, U. S.
Department of Commerce, from data compiled by the Bureau of Labor Statistics, U. S.
Department of Labor.
One result of the relative weakness of raw material prices
compared to those of manufactures is a reduction in the share
of total income received by those engaged in producing raw
materials. Another is its influence toward lower prices for
final consumers. With labor and other direct and overhead
costs of processing and distributing more important than
Among the nonagricultural products, in contrast, even the
raw materials have been strong in the past year, with major
group indexes computed for raw or semimanufactured
materials in the fields of forest products, metals, nonmetallic
minerals, chemicals, and mineral fuels all higher in June 1953
than 12 months earlier, although the rise in the first two
categories was less than 1 percent. Raw or semimanufactured nonmetallic minerals and mineral fuels were also above
March 1951. Prices of all the major groups of nonagricultural manufactures were also approximately as high or
higher this June than a year earlier.
A prominent feature of the present price structure is the
relative strength of those materials required in large quantities for defense production, building and other capital formation, and consumer durable goods. Both in their raw
and manufactured form, the metals, nonmetallic minerals
and forest products have been stronger than the general
level of all commodities during the past year, although since
March average prices of metals in raw or semimanufactured
form have declined, nonferrous metals accounting for most
of the weakness. Prices of nearly all groups of fabricated
metal products, except some fabricated nonferrous metals,
have risen since last January.
Prices of nonmetallic mineral products, many of which are
used in construction, have also been strong in recent months.
SURVEY OF CURRENT BUSINESS
August 1953
Flat glass, concrete, structural clay, and gypsum products
all registered appreciable gains.
Some upturn in July
The major portion of the decline in the wholesale prices of
raw materials and semimanufactures from 106 in January to
104 (1947-49 = 100) in June was accounted for by livestock
and live poultry, grains, fluid milk, iron and steel scrap and
crude natural rubber. During July, however, there was some
recovery in a number of the previously weak raw or semimanufactured materials prices under the leadership of livestock,
wheat, corn, and steel scrap. The accompanying rise in
processed foods, particularly meats, along with increases
in various fabricated metal products, raised the average price
of manufactures also above the June level.
Review of National Income and Product
in the Second Quarter
(
JCONOMIC activity continued at a brisk pace in the
second quarter, with gross national product rising to an
annual rate of $372 billion—about $10 billion higher than
in the preceding quarter. Most of this rise represented a
larger physical volume of production as overall prices showed
only fractional increases.
This record output of goods and services was reflected in
the extensive use of the Nation's labor force. By the quarter's end, civilian employment had reached the unprecedented
total of 63.1 million persons, as compared with 62.6 million
in June of last year. Unemployment, in turn, was down to a
minimal rate of 2.4 percent of the total civilian labor force.
The average number of unemployed, slightly* less than 1.5
million in the spring quarter, was 10 percent below the same
period a year ago.
Personal income, which measures the total payments to
persons for productive activity plus transfers from Government and business, was at an annual rate of $284 % billion,
compared with $281% billion in the opening quarter of the
year and with $266 billion in the second quarter of 1952.
Final expenditures in most sectors of the economy either
registered further moderate advances or maintained recent
high rates. However, in contrast to the situation in the first
quarter, a substantial portion of the increase in national
output in the second quarter was absorbed in business
inventories. Net inventory investment has been subject to
wide variations since mid-1952—following in the wake of
last year's steel strike—and while it is not yet fully evident
to what extent the second-quarter accumulations were
planned or unplanned in character, it is believed that they
represented, for the most part, a filling out of stocks in
support of increased business activity. At the end of June,
it may be noted, the total value of nonfarm inventories was
roughly $3 billion higher than at the beginning of the year.
offsets in the total were provided by declines in net foreign
investment and total civilian purchases of Federal, State,
and local governments.
It is noteworthy that total consumer purchases in the
second quarter were $13 billion above the $217 billion annual
rate of the second quarter of 1952. This sizable increase
Close-up of Gross National Product
Movement Since First Quarter 1952
Second-quarter 1953 change in gross national
product reflected a further advance, in final
expenditures and a rise in inventory investment
380
CHANGE IN
BUSINESS
INVENTORIES
370
360
GROSS NATIONAL
* PRODUCT
350
.§
FINAL EXPENDITURES
340
STEEL STRIKE
330
Final purchases continue to rise
Although the advance in total final purchases had been
exceeded in the preceding two quarters, the economy at that
time was making up the ground lost during the steel shutdown last summer. These temporary backlogs were substantially eliminated as an element in the second quarter
increase.
National security expenditures increased somewhat more in
the April-June period than in any of the three preceding quarters—advancing about $2 billion at annual rates. The rise
in consumer spending was somewhat larger, and equaled
about three-fifths of the $4% billion increase (annual rate)
in total final purchases. Private new construction and
capital equipment expenditures together moved up an
additional billion dollars on an annual rate basis. Partial
10
1952
(953
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
t/. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
53-HO~2
was about the same as that which occurred over the preceding year (second quarter 1951 to second quarter 1952).
This fairly steady uptrend in aggregate consumption expenditures has been asserted in spite of considerable shifts in
their composition (seen most clearly in the sharp fluctua-
SUEVEY OF CUEKENT BUSINESS
August 1953
Table 2.—National Income and Product, 1952 and First Two Quarters 1953 l
[Billions of dollars]
Seasonally adjusted at annual rates
Unadjusted
1952
1952
Item
1952
1953
1953
I
II
III
IV
I
II
I
II
III
IV
291.6
70.7
71.8
73.0
76.1
75.6
(')
286.8
287.9
290.4
301.4
306.5
0)
193.2
183.6
151. 1
10.4
22.2
9.6
46.3
43.8
35.8
2.5
5.5
2.4
47.2
44.7
36.6
2.6
5.5
2.5
48.6
46.3
38.3
2.6
5.3
2.4
51.1
48.8
40.3
2.6
5.9
2.3
50.4
47.8
39.4
(2)
(2)
2.6
51.8
49.1
40.8
(22)
()
2.6
187.9
178.6
146.9
10.1
21.6
9.3
189.5
180.1
147.7
10.4
22.0
9.5
194.1
184.4
151.5
10.6
22.4
9.6
201.3
191.3
158.3
10.4
22.6
10.0
204.5
194.5
161.3
10.0
208.0
198.0
164.5
(22)
()
10.0
51.2
26.3
14.8
10.0
12.6
6.5
3.7
2.4
12.9
6.6
3.8
2.5
12.9
6.5
3.8
2.6
12.8
6.7
3.5
2.6
12.7
6.7
3.4
2.6
12.4
6.7
3.1
2.6
50.5
26.1
14.7
9.6
51.5
26.3
15.3
10.0
51.5
26.1
15.2
10.3
51.1
26.7
14.0
10.3
50.8
27.0
13.4
10.4
49.7
27.0
12.3
10.4
40.2
39 2
20.6
18.6
1.0
10.1
10.1
5.3
4.8
.1
10.0
9.6
5.1
4.5
.4
9.7
9.5
5.0
4.5
.2
10.4
10.0
5.2
4.8
.3
10.6
10.8
5.9
4.9
-.2
(22)
(2 )
(2)
() o
41.7
41.5
21.8
19.7
.2
39.9
38.2
20.1
18.0
1.7
37.7
37.0
19.4
17.5
.7
41.7
40.3
21.2
19.1
1.4
43.6
44.4
24.1
20.3
-.8
7.0
30.9
1.7
7.6
1.7
7.7
1.8
7.5
1.8
8.0
1.9
8.0
1.9
8.0
6.7
30.1
6.9
30.8
7.1
31.3
7.4
31.5
7.6
31.5
7.7
31.9
348.0
83.4
84.4
85.4
94.7
89.2
90.8
340.4
345.1
345.3
361.1
362.0
372.4
218.1
26.7
118.8
72.7
50.7
5.7
27.2
17.8
53.7
6.6
29.0
18.1
53.0
6.2
28.7
18.1
60.7
8.2
33.8
18.7
54.3
6.7
28.3
19.3
56.9
7.5
29.9
19.5
213.7
26.0
117.2
70.5
217.2
27.4
118.0
71.8
217. 2
25.1
118.7
73.3
224.4
28.2
121.1
75.1
227.7
30.2
121.2
76.3
230.4
30.7
122.1
77.6
52.5
23.4
11.1
12.3
25.4
3.7
3.1
14.0
4.9
2.2
2.8
6.2
2.9
2.7
11.1
5.8
2.8
3.1
6.9
-1.7
-1.9
13.4
6.5
3.1
3.4
5.8
1.1
1.0
14.0
6.1
3.0
3.1
6.5
1.4
1.3
15.3
5.3
2.4
2.8
6.3
3.7
3.7
13.5
6.3
3.0
3.3
7.0
.2
.2
50.4
23.3
11.0
12.4
25.6
1.5
.6
49.6
23.4
11.0
12.4
25.6
.7
-.1
52.3
23.1
10.8
12.3
24.9
4.2
3.6
57.9
23.9
11.6
12.3
25.5
8.5
8.1
54.0
25.0
12.2
12.8
26.2
2.9
2.6
61.0
25.3
12.0
13.4
26.9
84
8.7
II
I
NATIONAL INCOME BY DISTRIBUTIVE SHARES
National income
Compensation of employees _
Wages and salaries
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' and rental income
Business and professional
Farm
Rental income of persons
3
-
_
.
-
Corporate profits and inventory valuation adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
_
__
__
„_
Net interest
Addendum: Compensation of general government employees...
8
i
-.6
GROSS NATIONAL PRODUCT OR EXPENDITURE
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
New construction
_
Resid p-ntiRj n on farm
Other
Producers' durable equipment
Change in business inventories, total
Nonfarm only
Net foreign investment
.
_
.
Government purchase of goods and services
_
Federal
National security
National defense
Other national security
Other
.
Less' Government sales
State a n d local
_
___
_
...
-.
-
. _ . _ , .
2
.5
.1
-.6
-.2
«— 5
-.6
2.1
.5
-2.0
-1.6
-2.1
-2.5
77.5
54.2
48.9
46.5
2.4
5.8
.5
23.4
18.1
12.7
11.5
11.0
.6
1.3
.1
5.4
19.6
13.7
12.5
11.8
.7
1.3
.1
5.9
19.6
13.7
12.3
11.6
.7
1.5
.1
6.0
20.2
14.1
12.6
12.2
.5
1.6
.1
6.1
20.2
14.4
12.9
12.3
.6
1.6
.2
5.8
21.0
14.7
13.4
12.8
.6
1.5
.2
6.2
74.1
51.0
46.2
43.9
2.2
5.4
.5
23.1
77.7
54.7
49.8
47.1
2.7
5.4
.5
23.0
77.8
54.6
49.2
46.4
2.8
6.0
.6
23.2
80.4
56.4
50.5
48.6
1.9
6.3
.5
24.0
82.4
57.4
51.6
49.4
2.2
6.5
24.9
83.5
58.9
53.5
51.3
2.3
6.0
.7
24.6
269.7
64.4
66.3
67.7
71.3
69.1
70.7
262.8
266.0
271.4
278.3
281.6
284.4
34.6
31.1
3.6
12.3
11.2
1.0
7.3
6.4
.9
8.1
7.3
.8
7.0
6.2
.8
12.7
11.5
1.2
7.2
6.2
1.0
34.2
30.7
3.4
34.3
30.8
3.5
34.8
31.2
3.6
35.3
31.6
3.7
36.2
32.3
3.8
36.7
32.8
3.9
235.0
218.1
16.9
52.1
50.7
1.4
59.0
53.7
5.3
59.6
53.0
6.6
64.3
60.7
3.6
56.4
54.3
2.1
63.5
56.9
6.6
228.7
213.7
15.0
231.7
217.2
14.5
236.6
217.2
19.4
243.0
224.4
18.6
245.4
227. 7
17.7
247.7
230.4
17.2
348.0
83.4
84.4
85.4
94.7
89.2
90.8
340.4
345.1
345.3
361.1
362.0
372.4
27.0
28.1
.9
.5
.1
6.4
6.6
.2
-.5
.0
6.7
6.9
.2
-1.3
.1
6.7
7.2
.2
-1.7
.0
7.1
7.4
.2
3.9
.0
7.1
7.1
.2
-.7
.0
7.3
7.5
.2
(2)
.0
25.7
27.0
.9
.0
.1
26.9
28.0
.9
1.8
.4
27.0
28.3
.9
-1.4
-.1
28.2
28.9
.9
1.6
-.2
28.2
29.3
.9
29.2
30.1
.9
(2)
.2
291.6
70.7
71.8
73.0
76.1
75.6
(2)
286.8
287.9
290.4
301.4
306.5
40.2
8.6
-.1
12.0
4.9
9.1
.9
10.1
2.5
.0
2.9
1.0
2.1
.2
10.0
2.2
.0
2.9
1.4
2.1
.2
9.7
2.1
-.1
3.0
1.1
2.1
.2
10.4
1.9
.0
3.1
1.4
2.8
.2
10.6
2.6
.0
3.2
1.1
2.2
.2
(2)
2.3
.0
3.2
1.3
2.2
.2
41.7
8.6
.1
11.5
4.9
9.1
.9
39.9
8.6
.0
11.7
4.9
9.1
.9
37.7
8.7
3
12.2
4.9
9.1
.9
41.7
8.8
.0
12.4
4.9
9.1
.9
43.6
9.0
.0
12.6
4.9
9.2
.9
(2)
9.0
.0
12.6
5.0
9.4
.9
269.7
64.4
66.3
67.7
71.3
69.1
70.7
262.8
266.0
271.4
278.3
281.6
284.4
DISPOSITION OF PERSONAL INCOME
Personal income
Less • Personal tax and nontax payments _
Federal
State and local
Equals* Disposable personal income
Less* Personal consumption expenditures
Equals* Personal saving
_
--
-- --
-.
-
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. Detail will not necessarily add to totals because of rounding.
2. Not available.
__
__
.'o
3. Includes noncorporate inventory valuation adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
(2)
August 1953
SUKVEY OF CURRENT BUSINESS
tions in consumer durables) and variations in the rate of
change in disposable personal income.
Farm income off
Agriculture continued to run counter to the generally
favorable business trend in the second quarter. This adverse tendency is reflected in the continued downward drift
in the net income of farm operators. Domestic consumption
of farm products has remained firm but, with the heavy
volume of farm marketings and the decline in foreign sales,
farm prices have been under fairly steady downward pressure. The situation was further aggravated during the
past quarter by the serious drought in the Southwestern
States. This gave rise to accelerated shipments of cattle
to market, causing further softening of livestock prices.
Demand for Gross National Product
Personal consumption expenditures rose in the second
quarter of 1953 to $230/2 billion, at a seasonally adjusted
annual rate—up $2}£ billion from the preceding quarter.
Higher income generated by the continued expansion of
economic activity provided the primary impetus. In view
of the relative stability of consumer prices, most of the
advance represented an increase in physical volume.
Consumption expenditures firm
The general firmness of this basic sector is suggested by
the fact that over the past three quarters consumer expenditures have more than kept pace with changes in disposable
income. However, in the fourth quarter of 1952 as well as
\n the opening quarter of this year, a large part of the step-up
Jti consumer buying had represented carryover demand from
the strike-affected third quarter of last year. This factor
was noticeable particularly in automobile expenditures,
and, to a lesser extent, in the purchases of various categories
of home equipment.
Durables show mixed movement
Consumer outlays for durable goods advanced to a $31
billion annual rate in the second quarter, making the halfyear total ending in June the highest since the second half
of 1950, when the post-Korean buying wave was at its peak.
Of the major hard goods categories, only the miscellaneous
group-—which includes such diverse items as jewelry, watches,
tools, books, and sport equipment—is currently higher
(about 10 percent) than in the second half of 1950.
Consumer purchases of automobiles and parts rose to an
annual rate of $14^ billion in the April-June period. The increase of $1 billion over the preceding quarter continued—
though at a diminished rate—the strong advance from the
third-quarter 1952 lowpoint. With new passenger car output up to 3% million units in the first half of 1953, production
has been adequate both to supply the peak seasonal demands
for new cars and to build up dealers' stocks. After rising
sharply in the first 4 months of the year, these stocks have
tended to level out—reflecting in part the effects of the
scattered work stoppages in the automotive parts industries
which hampered passenger car assemblies in the latter part
of May and in June.
Consumer outlays in the broad furniture and household
equipment category fell back from a $12}£ billion annual rate
to a $12 billion rate during the past quarter. With lagging
sales and mounting inventories, manufacturers cut back production in many of these consumer hard goods lines. The
sharpest cuts were in the television and radio group, where
production had soared to unusually high rates in the preced
ing half year. The reductions in major household appliances
were much more moderate percentagewise. Furniture production, in contrast, continued its gradual uptrend through
the second quarter of this year.
Nondurables edge upward
Purchases of nondurable goods rose from the $121 billion
annual rate maintained in the two preceding quarters to $122
billion, in the June quarter. The total advance since the
second quarter of 1952 has amounted to $4 billion.
Further moderate price increases accounted for a considerable part of the second-quarter rise in consumer nondurables.
This was particularly true in the case of the food and alcoholic beverage group, though it was also apparent in the
increased value of tobacco purchases.
Whereas most types of nondurables showed small rises
over the preceding quarter, consumer outlays on clothing
and shoes declined slightly. Following a strong rise in the
fourth quarter of 1952, such outlays had dropped sharply in
the first three months of this year. The second-quarter rate,
$20.7 billion, was the same as the 1952 annual total.
Rising by more than $1 billion to an annual rate of $77%J
billion, consumer expenditures for services maintained their
steady rate of increase. Although higher outlays for rent and
household operation were prominent in this latest quarterly
advance, a wide variety of other services also contributed
to it.
Inventories lead investment advance
Gross private domestic investment, at seasonally adjusted
annual rates, amounted to $61 billion in the second quarter
as compared to $54 billion in the first and $58 billion in the
fourth quarter of last year. These changes in the total
reflected the oscillations in its smallest but most volatile
component, the change in business inventories. Shifts in
the rate of inventory accumulation have been a feature of
the past three quarterly periods. In contrast, fixed investment in new construction and producers' durable equipment,
which comprises the bulk of total private investment, has
displayed a steady upward movement since the third quarter
of last year.
The value of private rionfarm residential construction, at
$12 billion, maintained the high rate achieved in the opening
quarter of the year. For the 6-month period ending in
June, the value of new homes put in place w^as about 10
percent higher than in the corresponding period of last year.
However, new housing starts, after adjustment for seasonal
variation, have been tapering off since the middle of the
winter quarter. According to preliminary estimates, the
seasonally adjusted number of units started in the second
quarter was below both of the preceding quarters. This
decline will be reflected in the value of residential construction put in place during the next several months.
In addition to a more cautious appraisal of the market for
new homes on the part of speculative builders, perhaps
associated with increased difficulty of selling old houses, the
decline in starts may reflect to some extent the somewhat
tighter mortgage credit situation reported in some areas of
the country. However, the effect on construction activity
of the unusually mild winter and wet spring was doubtless
also a contributing factor in the decline between the two
periods.
At a seasonally adjusted annual rate of 1,100,000 units ?
the number of housing starts in the second quarter, it is
important to note, was still high by past standards.
Nonresidential construction activity rose to a seasonally
adjusted annual rate of $13/£ billion in the second quarter.
6
SUEVEY OF CURRENT BUSINESS
as compared with $13 billion in the preceding quarter and
$12}£ billion in the second quarter of last year. The major
part of the first-to-second quarter increase occurred in the
public utility industry, where, continuing the strong advance
exhibited in the first quarter, construction outlays rose to
a new record. Smaller advances were made by most of the
other major construction categories with the principal exception of farm construction. This continued (as in the
first quarter) to lag about 10 percent below the 1952 average.
The $l/2 billion (annual rate) rise in nonresidential construction was matched by a similar increase in the closely
related business investment in new equipment. Purchases
of producers' durable equipment rose to an annual rate of
$27 billion in the second quarter.
Although the manufacturing sector no longer dominates
the total increase in fixed investment as in 1951 and 1952, it
continues to play a prominent role. So far in 1953 the nondurable-goods manufacturing industries have tended to show
somewhat larger increases than the durable-goods group,
with the principal advances occurring in chemicals,
petroleum, and paper. The expansion in durables has been
mainly in the machinery and fabricated metals groups.
Rise in nondurable goods inventories
Nonfarm business inventory accumulation increased from
$2)2 billion on an annual rate basis in the first quarter to
about $8^ billion in the second. The major part of this
increase was in durable goods, although the rise in this
segment was somewhat less than had occurred in the first
quarter.
Contrary to developments in the March quarter, nondurable goods accounted for a substantial part of the overall
inventory advance. The increase in such stocks, however,
sufficed only to offset the net liquidations that had occurred
over the course of the preceding 6 months. As a result, the
June aggregate of nondurable stocks in manufacturing and
trade combined was about the same as in September of last
year.
Industrially, about two-thirds of the second quarter rise
in business inventories occurred in the manufacturing sector.
In both the durable and nondurable industry groups, it is
important to note, the increases in inventory holdings were
accompanied by larger percentage increases in aggregate
sales.
The bulk of the rise in manufacturer's stocks was in the
durable goods industries, where the rate of accumulation was
about double that of the prior quarter. In addition to the
increased volume of sales, a number of other factors contributed to this rise. Among these were the moderate
increase in replacement costs, the imbalance in the automobile industry due to work stoppages in various auto
supply plants, and some accumulation of consumer durables
in the electrical machinery group.
Metal industries stock up
Additionally, there were indications of moves to stock up
during the quarter in anticipation of the effects of the steel
industry's collective bargaining talks which began in May.
In this connection, industry reports indicate that most steelusing manufacturing industries customarily seek to maintain
a 2-3-month supply on hand against current operating needs.
Due partly to the effects of the former NPA inventory controls which were made necessary by the stringent supply
situation during the earlier phase of the defense buildup,
and partly to the steel stoppage last summer, many firms
were still actively engaged during the quarter in building up
their stocks to former operating levels.
August 1953
The inventory increase in the soft-goods industries, which
accounted for about one-fourth of the manufacturing total,
did not offset completely the declines of the preceding 6
months.
Bulk of trade rise in nondurables
The second-quarter increase in inventories in nondurable
goods retail establishments restored about three-fourths of
the stocks that had been liquidated in the preceding 3
months. The changes in the different lines of trade were on
the whole relatively moderate. The general merchandise
group, however, ran counter to most of the soft-goods trades
in registering sizable inventory advances in both the first and
second quarters of the year.
Retailers' durable goods inventories continued to advance
in the June quarter. Although less than half as large as the
net accumulation in the first quarter, the increases in retail
durable stocks were pervasive and appear, to some extent, to
have been involuntary. Some evidence for this is found in
the moderate reductions of consumer spending in the nonautomotive lines, as well as the cutbacks noted above in the
production of radios, television sets, and various other items
of household equipment.
As brought out earlier, the inventories of motor vehicle
and parts and accessory dealers tended to level off in the
latter part of the second quarter, following the strong stock
buildup that had been in process since the end of last summer.
The net accumulation of wholesalers' inventories in the
second quarter was moderate and almost wholly confined to
nondurables.
Net foreign investment declines
Net foreign investment, which measures the excess oi
exports over imports other than those matched by net grants
and gifts abroad, showed a further downward drift during
the second quarter. The most recent decline increased the
negative balance in evidence since the third quarter of last
year to $2% billion at annual rates. The change stemmed
almost entirely from a moderate increase in United States
imports of goods and services.
This situation contrasts with that of the previous quarters
back to early 1952. With the notable exception of the third
quarter of last year, total exports of goods and services were
relatively stable. However, exports under the military aid
program—accounted for in the national product in Government purchases—were rising, whereas nonmilitary exports
tended downward. As total imports over the same period
also \vere stable, the decline in nonmilitary exports was
reflected in a drop in the net foreign investment balance.
National security outlays advance
Government purchases of goods and services—Federal,
State, and local combined—advanced from an annual rate of
$82 % billion in the first quarter of the year to $83 K billion in
the second. This rise w^as comprised of a $2 billion increase
in national-security outlays and a $% billion decline in all
other Government purchases.
At the annual rate of $53/2 billion in the spring quarter,
security outlays amounted to 14% percent of the total national output—the same ratio as in the corresponding period
of last year. Although security outlays are no longer absorbing an increasing share of the total national product,
they constituted an important element in the second-quarter
advance in total final purchases. Since the second quarter
of 1952, however, the increase in national-security expendi(Continued on page 23)
by Robert E. Graham, Jr.
State Income Payments in 1952
i
INCOME payments to individuals increased in nearly every
State in 1952 as moderate advances characterized the flow
of income from most industrial sources.
Total income payments in the Nation rose from $243
billion in 1951 to $255 billion in 1952—a gain of 5 percent.
In nearly one-half of the States the rise was within one percentage point of the national rate; but in a number of others
there were significant departures from it.
Income payments in 1952 rose at above-average rates in
the four Southern and Western regions. The top-ranking
relative gains, as in 1951, were scored by the Far West (8
percent) and Southwest (7 percent). In the Far West,
incomes paid out in nearly all industrial sectors moved up at
a more rapid rate than nationally. The most striking progress in the Southwest occurred in its private nonfarm
economy.
Ranking next in the regional array was the 6-percent
expansion in both the Northwest and Southeast. Most
components of total income in the Northwest increased at a
somewhat higher rate than nationally. In the Southeast,
construction payrolls and trade and service income moved
up at markedly faster rates than in the country as a whole,
and more than made up for the comparatively small rise in
manufacturing wages and salaries.
In the Central States, total income last year was up 5
'percent over 1951. Not only in the total, but in each
major income flow, most of these States approximated the
national rate of change.
NOTE.—MR. GRAHAM IS A MEMBER OF THE NATIONAL INCOME DIVISION, OFFICE OF BUSINESS ECONOMICS.
The smallest income advances—4 percent—occurred in
New England and the Middle East. In these areas, experience was below average in most industrial sectors.
Among individual States, increases in total income were
largest in Kansas (20 percent), Nevada (15 percent), Arizona
(12 percent), South Carolina (10 percent), and California
(9 percent). Next in order were Florida, Louisiana, Oklahoma, Colorado, and Idaho (8 percent each). Contrary to
frequent experience in the past, no single economic development was the dominant influence in the top-ranking advances,
In 8 of the 10 States listed, income from nearly all major
types of activity expanded at above-average rates. Estimates of the dollar volume of total income in each State and
region are shown in table 4 for all years, 1929-52.
Nature of income changes in 1952
Thus, while most regions, as shown in table 1, received a
share of the Nation's total income in 1952 which was closely
similar to that in 1951, by States, shifts were considerably
larger. In addition, there was little tendency for income
change in individual States to conform to their regional
pattern.
This was particularly true in the Northwest region, which
includes the State with the largest gain in total income in
1952, but also the only four States where total income declined. Further attesting to the lack of uniformity of change
within regions is that the 10 States with the largest gains
are widely scattered throughout the Nation.
Regional Increases in Total and Per Capita Income, 1951 -1952
10 —
8 —
.TOTAL INCOME
PER CAPITA
INCOME
6 —
4 —
UNITED
STATES
U. S, DEPARTMENT O/v COMMERCE. OFFICE OF BUS/NESS ECONOMICS
CENTRAL
MIDDLE
EAST
NEW
ENGLAND
53- 110-4
SURVEY OF CURRENT BUSINESS
8
August 1953
Table 1.—Changes in Total and Per Capita Income Payments, by States and Regions, Selected Years, 1929-52
Total income payments
Per capita income payments
Percent distribution
.
State and region
1929
1940
1944
1946
1950
Percent change
1951
1952
l
Percent change
Percent of national per capita income
1929 to 1940 to 1950 to 1951 to
1952
1952
1952
1952
1929
1940
1944
1946
1950
1951
1952
1929 to 1950to 1951 to
1952
1952 1952
209
237
17
5
100
100
100
100
100
100
100
141
14
4
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
6.92
1.64
.54
3.62
.32
.58
.22
6.67
1.65
.49
3.46
.31
.56
.20
6.59
1.69
.48
3.37
.31
.54
.20
6.51
1.71
.49
3.28
.31
.53
.19
145
200
178
121
158
134
130
172
209
189
153
190
165
166
14
22
17
11
14
11
13
4
7
7
3
4
3
3
123
135
83
132
96
125
88
126
144
87
133
98
125
91
112
130
90
112
91
114
83
111
122
88
114
94
110
90
108
124
80
111
91
107
81
108
127
81
109
93
105
82
107
127
83
107
93
101
82
109
127
140
95
135
94
122
12
16
18
9
17
7
15
2
3
7
1
4
0
3
Middle East
33.70
.26
Delaware
District of Columbia
L34
Maryland
3.96
New Jersey
17.53
New York
Pennsylvania
_. . 8.88
.96
West Virginia
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
28.31
.25
1.01
1.59
3.62
13. 51
7.37
.96
27.82
29
!96
1.57
3.57
13.03
7.43
.97
27.23
. 30
.95
1.59
3.63
12. 57
7.23
.96
26.97
.30
.95
1. 61
3. 69
12. 34
7. 14
. 94
147
250
279
272
188
118
149
203
183
220
167
236
200
166
193
216
14
22
16
20
21
11
13
14
4
6
5
6
131
155
189
123
140
150
109
69
118
123
114
111
124
132
105
70
119
119
117
103
122
137
106
74
117
136
138
108
119
130
107
73
115
138
134
108
119
126
105
75
114
138
130
107
120
124
104
75
102
146
79
150
107
81
123
166
11
16
3
4
3
136
135
175
103
139
165
113
68
3
4
1
3
4
2
3
5
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
L49
14.29
1.29
.76
1.59
1.58
1.20
1.33
.80
1.65
.84
1.52
1.73
13.90
1.22
.79
1.49
1.52
1.25
1. 19
.70
1.76
.83
1.49
1.66
13.92
1.18
.72
1.55
1.53
1.23
1.81
.70
1.78
.81
1.47
1.64
14.13
1.21
.72
1.56
1.58
1.28
1.29
.70
1. 77
.88
1.46
1.68
14. 16
1.21
.70
1.60
1.57
1.30
1.33
.70
1.71
.92
1.44
1.68
317
285
218
488
318
243
294
227
354
434
305
338
300
305
262
354
305
276
301
300
288
330
296
283
19
20
13
21
20
23
19
16
14
33
15
22
6
6
2
8
4
6
8
5
2
10
4
6
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
66
59
63
85
65
64
65
48
67
61
68
76
67
59
57
83
67
63
73
49
66
59
67
80
68
61
58
81
70
67
72
49
65
63
68
80
68
62
58
80
69
69
74
50
64
67
69
81
226
232
212
173
246
206
191
200
239
336
223
213
17
19
16
10
18
24
15
16
11
30
16
15
Southwest
Arizona
New Mexico
Oklahoma
Texas
5.03
.30
.19
1.31
3.23
5.15
.31
.25
1.09
3.50
6.21
.39
.28
1. 21
4.33
5.93
.38
.29
1.13
4.13
6.41
.43
.36
1. 10
4.52
6.57
.47
.38
1.11
4.61
6.68
. 50
.38
1.14
4.66
311
425
499
170
346
336
443
408
251
348
22
38
25
21
21
7
12
5
8
6
68
84
56
67
68
70
81
62
62
72
82
83
69
81
84
79
81
72
74
80
85
86
79
75
88
85
90
82
75
88
86
91
81
78
89
205
161
248
182
212
16
21
17
19
14
5
Central
Illinois..
Indiana
Iowa
Michigan
MinnesotaMissouri. _
Ohio _
Wisconsin
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
28.09
7. 11
2. 53
1.74
4.38
1.84
2.56
5.69
2.24
28.60
7.08
2.65
1.71
4.70
1.83
2.56
5.79
2.28
28.77
7.01
2.75
1.64
4.72
1.82
2.53
5.98
2 32
28.59
6.93
2.71
1.60
4.77
1.76
2.51
6.02
2.29
201
151
269
203
244
212
190
213
216
237
208
272
231
255
216
235
246
260
17
15
20
10
19
13
15
22
18
5
4
4
3
6
o
6
4
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
106
122
97
103
105
96
96
107
100
108
122
101
98
111
93
97
110
100
109
122
104
96
111
93
96
114
103
108
121
103
94
111
91
97
115
101
146
113
189
183
144
163
159
151
160
14
13
15
9
14
11
13
19
14
3
3
2
2
4
1
4
4
2
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
4.95
.81
.36
1.17
.39
.86
.36
.40
.41
.19
5.05
.84
.34
1.19
.43
.91
.36
.38
.41)
.20
5.01
.88
.33
1.17
.42
.84
.34
.40
.42
.21
5.04
.91
.34
1.33
.39
.84
.29
.33
.42
.19
228
266
280
241
209
181
178
190
293
221
283
293
277
349
212
277
210
245
303
228
17
26
18
32
8
9
—7
0
21
13
6
8
8
20
-2
6
-11
-13
5
-3
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
97
95
98
94
111
99
94
101
87
104
95
96
88
94
109
102
88
89
88
105
95
98
87
92
110
96
87
94
91
109
95
99
88
104
104
96
75
77
88
98
190
163
178
219
182
181
214
202
170
134
13
17
14
26
8
6
-4
—1
14
6
3
5
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
11.90
8.88
.14
1.04
1.84
11.53
8.54
.14
1.07
1.78
11.70
8.74
.15
1.07
1.74
12.05
9.06
.16
1.08
1.75
340
344
447
358
305
314
313
340
336
306
23
24
34
19
15
127
139
120
94
130
140
143
100
110
129
132
119
112
129
120
124
134
105
108
119
122
131
105
113
118
121
131
106
110
120
124
137
106
110
128
115
175
171
154
15
16
20
14
11
Continental United States... 100. 00 100. 00 100. 00 100. 00 100. 00 100. 00 100. 00
New England
Connecticut
Maine _ _ _ _ _ _
Massachusetts
New Hampshire
Rhode Island. __
Vermont
Northwest
Colorado
Idaho
Kansas. _ _._ .
Montana
Nebraska. .
North Dakota
South Dakota
Utah
Wyoming
.
_ ___
Far West
C alif ornia
Nevada
Oregon
Washington
1. Computed from data shown in tables 4 and 5.
Only in the Far West and Southwest did the 1951-52 income changes in individual States accord with the regional
average. Nearly all States of these two regions scored aboveaverage advances. In the other 5 regions, 17 States showed
percentage increases in total income larger than the Nation,
while in 20 changes were below average.
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 1952 (see tables 4 and 5). Also included are revised estimates for 1950 and 1951.
No dominant source of income change
With both defense spending and consumer purchasing
increasing from 1951 to 1952, most lines of economic activity
advanced moderately on a national basis. The one excep
8
9
15
6 i
6 :
105
13
15
9
11
17
4
6
4
3
3
6
1
11
5
4
3
8
4
17
-2
4
-11
— 16
1
6
6
9
4
4
Source: U. S. Department of Commerce, Office of Business Economics.
tion was furnished by agriculture, wrhere income declined 5
percent. But the size of this fluctuation must also be considered as moderate in comparison with the larger year-toyear changes that have occurred in this sector in the past.
Geographic income changes from 1951 to 1952 reflect the
general character of the advance in the economy last year.
Developments in no particular sector were dominant. Instead, shifts in the geographic income distribution must be
explained by separate examination of developments in each
of the principal industrial sectors (see table 3). These are
discussed in the following sections.
Income Changes by Industry
Nationally, the agricultural income decline from 1951 to
1952 was the product of a small increase in the total volume
of farm output, lower prices received by farmers for their
marketings, and somewhat higher production expenses.
SUEVEY OF CUREENT BUSINESS
August 1953
State variations largest in farm income
Substantial differences in rates of change in agricultural
income were a major feature of State economic developments
in 1952. In 33 States, farm income was lower last year than
in 1951, with the drop amounting to at least 10 percent in
19 of them. In a half-dozen other States, however, farm
income advanced strongly.
Geographic changes in agricultural income from 1951 to
1952 reflect, in broad outline, the differing relative importance of crops and livestock. The sharpest declines were in
the livestock-producing States of the Northwest. Conversely, the outstanding advances occurred in areas where
crop production predominates. In some States, special
factors relating to weather and crop disease overshadowed
these two economic forces. Because of these influences,
farm income changes in 1952 varied widely.
In six States there was a change of one-fourth or more in
agricultural income from 1951 to 1952. In each, this was
by far the dominant element in the total income stream.
Farm income increased spectacularly—by about threefourths—in Kansas and Maine. In Kansas, cash receipts
from wheat marketings were twice as large as in 1951, when
the crop suffered tremendously from flood damage. The
expansion in Maine was attributable to increased marketings
and higher prices of potatoes.
In North Dakota, South Dakota, Wyoming, and Montana,
in contrast, agricultural income last year ranged from onefourth to nearly two-fifths lower. The downturns in farm
income centered in livestock marketings. In North Dakota,
smaller wheat production was also an important factor.
These four were the only States to sustain declines in total
income.
In numerous other States where the change in farm income
from 1951 to 1952 was significantly different from the
nationwide decline of 5 percent, total income nonetheless
increased at about the national rate. In Washington,
Oregon, Mississippi, and Nebraska, for example, sizable
gains in farm income were countered by relatively small
advances in nonagricultural income, so that the increase in
total income differed only slightly from the average for the
country as a whole. Similarly, apart from the four Northwestern States noted above, in nearly all States where farm
income declined sharply there were above-average gains in
nonfarm income; and, again, the change in total income
approximated the national rate.
Manufacturing an expansionary influence
Wages and salaries in the important manufacturing industry rose 8 percent in the country as a whole from 1951 to
1952. Geographically, the expansionary influence of manufacturing in 1952 was widespread. In all regions and in
43 States, factory payrolls increased relatively more than
total income from other sources.
Despite the generally upward movement, there were considerable variations by States in rates of change in factory
payrolls. In. the main, these reflected the differing geographic impact of nationwide developments in the textile,
transportation equipment, and metals industries. In addition, special factors were operative in certain States.
Textile payrolls decline slightly
Nationally, textile employment and production slumped
sharply after the cessation of the second post-Korean buying
wave in early 1951, with a further decline occurring in the
first half of 1952. Although the textile industry effected
considerable recovery in the final 6 months of last year,
wages and salaries were 3 percent lower in 1952 than in the
263747° —53
2
9
previous year. Contraction in textiles was a principal
factor in the sluggishness of total factory payrolls last year
in a number of New England and Southeastern States.
In New England, manufacturing payrolls advanced 4
percent from 1951 to 1952, half the nationwide rate. Massachusetts and Rhode Island, which together account for
more than one-half of all factory payrolls in this area, were
particularly hard hit by the cutback in textile production.
Table 2.—Major Sources of Income Payments in Each State and
Region: Selected Components as a Percent of Total Income, 1952
Agricultural
income!
State and region
GovernTrade
ConManument
and
struction
income facturing service
l
payrolls
payrolls income
payments *
Mining
payrolls
Continental United States.
6.7
15.9
24.5
25.6
4.1
1.5
New England
Connecticut
Maine
Massachusetts
_ _
New Hampshire
Rhode Island
- Vermont
1.6
15.2
9 9
18.4
17.1
14. 5
17.3
15.5
32.9
39.4
27.9
30.3
32.2
35.5
26.2
24.1
22.1
23.0
25.2
24.6
23.4
24.7
3.4
4.1
2.7
3.4
2 5
3.6
1.7
.1
.1
.2
.1
.1
.1
.6
26.8
34 9
3 0
22.5
35.3
24.1
31.8
20.6
27.3
18 7
27 2
26.1
24.4
30.8
24.1
20.8
3.7
5 2
33
5.4
4.0
3.1
4.1
2.8
1.7
3.0
1.6
1.0
1.6
3. 7
15.3
10 3
48 4
19.6
13.2
14.1
13.4
16.2
.3
.2
.3
3.3
18.6
11.5
10.0
22.0
7.5
9.5
11.9
9.4
24.1
15.4
11.0
9.6
7.9
20.3
22.6
18.3
20.2
21.0
19.2
20.2
21.1
16.1
19.7
18.0
26.3
17.9
20.6
11.9
8.1
20.1
14.8
14.4
12.5
25.8
24.2
22.4
17.3
24.9
23.7
24.8
32.4
26.5
23.4
24.5
23.7
22.9
20.4
25.3
23.5
5.0
3. 6
4.7
5.4
3.1
8.0
5.3
2.9
3.3
10.9
44
4.6
1.6
2.0
1.6
.6
.5
5.6
3.9
.6
.2
.2
.9
1.6
Southwest ...
.___
Arizona
New Mexico...
Oklahoma
Texas
11.4
18.5
12.4
11.6
10.6
18.4
19.1
23.4
21.9
17.1
11.7
7.1
6.3
10. 2
13.0
25.8
25.4
23.3
24.6
26.3
4.7
5.6
5.7
3.5
4.9
5.2
4.3
6.3
6.1
5.0
Central
Illinois
Indiana.
Iowa
Michigan,
Minnesota
Missouri
Ohio
Wisconsin
7.1
4.8
7.6
28.2
2.9
13.8
9.4
3.5
9 4
12.5
12.1
12.3
13.0
12.1
14.5
14.5
12.0
12 1
31.7
29.4
35.7
15.7
41.6
17.9
21.9
36.8
32 1
24.1
25.7
22.6
21.8
22.3
25.5
27.7
23.2
23 3
3.8
4.0
3.9
2.3
3.7
4.1
3.4
4.2
3.6
.7
1.0
.7
.3
.6
1.6
.6
.6
.3
20.3
11.0
22.5
22.3
21.2
27. 1
26.3
31.3
7.4
15 7
17.2
21.0
15.9
13.8
17.4
15.0
17.5
18.6
23 1
18 6
10.6
10.8
10.9
15.7
7.2
9.7
2.5
4.7
10 5
58
24.2
26.7
22.5
21.2
24.2
24.4
29.8
25.9
24 5
24. 1
4.1
5.1
5.1
3.7
4.7
2.8
3.9
3.1
4 6
5.7
2.5
2.0
2.5
2.0
5.4
.2
1.1
.9
7 0
8.2
6.4
6 0
8.2
8.7
6.7
18.8
18.7
17.3
16.2
21.1
18.8
18 7
4.3
22.0
18 6
28.0
28.4
31.8
26.5
26.3
4.8
4.8
8.6
4.0
5.2
.7
.8
3.9
2
.3
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
1.5
4 7
_.
_
_ __
._ _ _ _ _
Northwest _ _ _ _ .
Colorado
Idaho- _. .- . . _ _ _ _ _
Kansas
Montana.
__
Nebraska
North Dakota- _._ __
South Dakota
Utah
Wyoming
Far West
California
Nevada-. _ Oregon
Washington
15
5.6
.8
2.5
.6
7.5
1. For definition, see footnotes to table 3.
Source: U. S. Department of Commerce, Office of Business Economics.
Payrolls in textile manufacturing declined 14 percent last
year in Massachusetts and 4 percent in Rhode Island.
In the Southeast also, last year's below-average expansion
of manufacturing is traceable directly to textiles. In this
industry, which accounts for more than one-fourth of all
manufactures in the region, total payrolls in 1952 were no
larger than in 1951. About four-fifths of the textile industry
in the Southeast is concentrated in Alabama, Georgia, North
Carolina, and South Carolina. With the exception of
Kentucky, these were the only Southeastern States to
experience a reduction in their share of the country's manufacturing wages and salaries in 1952.
10
SURVEY OF CURRENT BUSINESS
Because of the key role that industrialization has played
in the top-ranking income growth of the Southeast over
the past two decades, further examination of the region's
experience in 1952 is of interest. On an individual industry
basis, the Southeast did unusually well, with payroll increases from 1951 to 1952 equalling or exceeding those for
the Nation in 19 of the 21 major types of manufactures.
Thus, the less-than-average increase in factory payrolls
last year simply reflected its industrial structure—that the
one manufacturing industry that declined in 1952 is relatively important in the region, and that a number of industries that expanded most under the demand situation prevailing last year are relatively less important.
Transportation equipment industry expands
payrolls in the State have risen more than sevenfold, in
contrast to a threefold increase nationally.
Government income payments broadly uniform
On a regional basis, only in the Far West did the rate of
increase in income from Government last year differ appreciably from the nationwide advance of about one-tenth. In
this region, most of the above-average rise is atributable to
payroll expansions in defense establishments.
Among individual States, differences in rates of change
were also fairly uniform but there were exceptions. In West
Virginia, Montana, and Oregon, income paid out by Government was about one-fifth larger in 1952 than in 1951. In
each the expansion stemmed chiefly from the payment in
1952 of State government bonuses to veterans.
A payroll increase of one-fifth in the transportation equipment industry from 1951 to 1952 was the product of an
expansion of two-fifths in aircraft production and shipbuilding and a small (2 percent) rise in the automotive
segment.
In Connecticut, Kansas, California, and several States of
the Middle East, where aircraft and shipbuilding comprise
most of the industry, the advance in transportation equipment payrolls ranged from one-fourth to over two-fifths.
It was a prime factor in the upsurge of total manufacturing
wages and salaries in Kansas and California. In Connecticut
and the Middle Eastern States of New York, Maryland,
Pennsylvania, and New Jersey, expansion in aircraft and
shipbuilding contrasted with the below-average payroll
gains in most other important manufacturing industries.
Wages and salaries paid out by the transportation equipment industry in the Central region last year showed an
advance of 10 percent—substantially in excess of the rate of
general income rise in the area, but only half as large as the
national increase in transportation equipment. With payrolls in the automotive industry, centered in this region, up
only slightly over 1951, this sizable gain was due mainly to
the aircraft and shipbuilding components.
Regional Comparisons of Total
and Per Capita Income, 1952
Percent distribution of Nation's total income
30 —.
••
.
•
• -T
20 -
10 -
11.1
Per capita income as a percent of National average
Small expansion in metals industries
Payrolls in the primary and fabricated metals industries
increased 3 percent from 1951 to 1952. The smallness of this
rise reflected the 8-weeks' work stoppage in the steel industry
and its resultant impact upon the fabricated metals industry.
These developments had the most pronounced effect in the
Central region, where one-half of the industry is located.
Here the payroll rise was less than 2 percent, as contrasted
with 10 percent for the total of all other manufacturing in the
region.
Other developments in manufacturing in 1952 with significant but relatively localized effects were:
1. Increases of 9 to 12 percent in the important leather
industry in Maine, New Hampshire, and Massachusetts
helped to counter the effects of the sharp drop in textile
payrolls.
2. The 14-percent rise in factory payrolls in Delaware—
one of the largest in the country—chiefly reflected further
expansion in that State's chemical industry. Accounting for
one-half of all factory payrolls in the State, this industry has
scored a notable expansion during the postwar period. Since
1946 chemical payrolls have more than doubled in Delaware
and total income has risen three-fourths—the latter gain
exceeded only in Arizona and New Mexico.
3. Arizona's 1951-52 advance of nearly two-fifths in manufacturing payrolls, the largest in the Nation, stemmed from
sharp gains in nearly all industries. Although Arizona is
still one of the least industrialized States, it has made tremendous strides over the past decade. Since 1940 factory
August 1953
120 —>m---:-
: •••A
—
•:^y:x-X;^.Y^;'r^r-\^'--:
:".^
•• : ;::;;;*>:;:::> : ;:,:- :: --V:/: : ;::' : > :
100 -~
^^:-'^:-^f--:f:.
••' • •
' ' K^: :
;;^
,—.
80 -~
ST|
60 —
•^
40 —
•-I
20 -~
—
P:^!
0 i
CENTRAL
U. S
DEPARTMENT
MID- SOUTH- FAR SOUTH- NEW NORTHOLE
EAST WEST WEST
ENG- WEST
EAST
LAND
OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-IIO~5
In Mississippi and North Carolina reductions in military
payrolls held Government income payments in 1952 to little
more than their 1951 volume. Because of this factor, the
1952 total income advance in both States was small.
Construction important in some States
By far the largest regional increase in contract construction
payrolls—one-fourth—was in the Southeast. Although sizable advances occurred in Alabama, Louisiana, Arkansas,
SURVEY OF CURRENT BUSINESS
Per Capita Income
For the country as a whole, per capita income in 1952
amounted to $1,639—up 4 percent over 1951. Increases
occurred in all regions, ranging from 2 percent in New
England to 6 percent in the Far West.
The accompanying map shows per capita income payments
in each State in 1952. The range was from $2,260 in Delaware, nearly two-fifths above the national average, to $818
in Mississippi, only half the average for all States. In addition to Delaware, others in the top-rank include Nevada
($2,250), the District of Columbia ($2,129), Connecticut
($2,080), New York ($2,038), California ($2,032), Illinois
($1,983), and New Jersey ($1,959).
As shown in the first chart, regional changes in per capita
income last year generally paralleled those in total income.
In both measures, the largest percentage increases occurred
in the Far West and Southwest, and the smallest in New
England. In the other four regions, the increase in per capita was within one percentage point of that for the country
as a whole.
Except in a limited number of cases, State differences in
the rate of change in per capita income were relatively small.
In Kansas, the rise in average incomes in 1952 was one-fifth;
N onagricult u r al i n come
Government
income payments 2
Private, nonagricultural
income 3
tj ^
S-~
Construction
payrolls
Mining payrolls in 1952 were 2 percent larger than in 1951
on a national basis. This small increase reflected a decline
in the coal industry and increases in other types of mining.
In the important coal-producing States of West Virginia,
Pennsylvania, and Kentucky, mining wages and salaries
dropped one-tenth in 1952. In each of these States the drop
retarded significantly the increase in total income. In West
Virginia, where mining wages and salaries directly account
for one-fifth of all income, the impact was particularly severe.
Aggregate income in the State rose only 3 percent from 1951
to 1952; but income other than mining payrolls increased 6
percent.
By contrast to the coal-producing States, there were gains
in mining payrolls ranging from one-tenth to one-third in
each State of the Southwest, in all States of the Northwest
where mining is important, and in Louisiana, California, and
Nevada. In each, the impetus derived from substantial
increases in petroleum and natural gas or in metal mining.
Table 3.—Percent Changes, 1951 to 1952, in Total Income Payments
and Selected Components, by States and Regions
Manufacturing payrolls
Impact of mining varied
in South Carolina and 'Nevada, it was about one-tenth.
These three States, it will be recalled, were among the four
with the largest gains in total income last year. In the
fourth, Arizona, the large gain in total income was accompanied by a 7 percent population rise. In South Dakota,
North Dakota, Wyoming, and Montana average income was
lower in 1952 than in 1951. These were the four States in
which large declines in farm income reduced total income in
1952 below that of the previous year.
Agricultural
income l
and Virginia, most of the regional gain centered in South
Carolina and Kentucky. Atomic energy projects provided
the main impetus in both.
Construction payrolls in South Carolina increased by more
than one and one-half times from 1951 to 1952. This spectacular expansion underlay the State's 10-percent advance
in total income—the fourth largest in the Nation. Farm
income in South Carolina dropped nearly one-fifth in 1952,
and gains in manufacturing and Government income payments were below-average.
Wages and salaries paid out by the contract construction
industry in Kentucky advanced nearly three-fourths in 1952.
They were the main factor in that State's better-than-average
rise in total income.
Construction payrolls made a sizable contribution to
income expansion in the Southwest also, where they increased
12 percent in 1952. New Mexico, 1 of the 9 States in which
construction payrolls declined, was an exception to this
pattern in the region.
Although increases in construction in the Far West as a
whole did not keep pace with those in the rest of the country,
there was a rise of nearly two-thirds in Nevada. This was
primarily responsible for that State's second ranking increase
in total income.
11
Total income
payments
August 1953
Continental United States, _„
5
-5
6
9
5
4
8
9
2
New England
Connecticut
Maine
Massachusetts
New Hampshire .
Rhode Island
Vermont , _ _ _
4
7
7
3
4
3
3
4
1
69
4
7
9
7
11
10
4
3
11
3
7
3
1
4
3
3
2
4
3
4
3
4
3
0
4
2
4
4
8
5
2
3
3
5
4
14
-10
0
8
3
0
15
-10
10
-43
0
-22
Middle East
Delaware
District of Columbia
Maryland
New Jersey _
New York
Pennsylvania
West Virginia _ _ _ . ,
4
6
5
6
7
3
4
3
5
8
5
7
7
4
4
3
9
9
6
9
11
8
9
26
4
8
4
6
7
14
7
9
9
7
6
5
2
7
-5
7
0
3
4
0
3
8
6
5
7
1
3
2
9
11
-1
6
8
-10
-10
5
10
7
9
8
4
4
14
5
7
7
12
4
10
10
10
10
1
1
7
5
7
7
5
5
10
6
8
8
5
5
17
4
7
6
4
3
10
6
5
5
4
5
7
4
7
7
6
10
15
7
4
12
11
5
3
9
9
25
20
12
10
7
72
14
-7
1
162
-5
12
-1
-10
7
13
6
-9
16
12
7
8
-9
-2
9
16
10
8
9
10
15
14
11
9
9
16
8
7
9
8
15
9
4
8
14
38
22
18
12
12
23
-8
15
12
14
15
30
11
14
6
5
6
3
7
5
5
5
5
2
6
5
7
5
4
3
3
3
0
4
2
5
4
2
8
7
6
7
7
11
14
6
5
8
8
10
7
12
8
3
9
9
7
9
12
11
-1
14
4
8
8
3
-1
-8
-13
38
4
9
12
-2
16
14
10
9
22
12
14
10
8
6
9
6
14
0
6
4
2
9
3
-5
15
15
24
13
7
108
12
12
8
15
19
21
5
5
6
6
63
-5
6
12
11
36
0
10
State and region
Southeast
Alabama
Arkansas ,
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina.
South Carolina
Tennessee Virginia
_ .__
Southwest
Arizona
New Mexico, _
Oklahoma _
Texas
Central
IllinoisIndiana
Iowa-, - ,_
Michigan
Minnesota
Missouri
Ohio..
Wisconsin
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
Far West
California.., .
Nevada
Oregon
Washington
6
6
2
8
4
6
8
5
?
10
4
6
—9
0
-10
-9
— 22
—4
-7
—8
-11
-8
-6
PJ
-7
-11
— 17
6
10
-9
-17
-4
—4
*
«|1
1 il
7
12
5
8
6
-7
0
-18
7
5
4
4
3
6
2
5
6
4
-7
-13
6
8
8
20
1
4
16
80
7
9
6
10
10
10
14
12
7
8
4
9
27
9
8
4
19
5
5
4
—38
-37
5
4
5
2
5
8
4
6
4
6
4
1
3
0
5
7
8
9
19
4
4
7
7
14
4
4
-2
6
— 11
.
— 14
c3
-13
5
-3
8
9
15
6
6
— 11
— 16
1
—6
-13
— 11
7
—7
-36
7
5
9
11
6
5
2
9
10
18
6
5
12
12
13
20
7
— 14
— 11
10
22
%
a
en
fl
£
§
-1
-9
0
18
33
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, cash terminal-leave payments and redemptions of terminalleave 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.
SURVEY OF CURRENT BUSINESS
12
Factors underlying average' income
August 1053
being the exclusion from the Census data of the value of
products produced and consumed on farms. This accentuates the income differential between the farm and nonfarm
population.
differences
The remainder of this article discusses briefly some of the
factors contributing to the wide differences in the level of
average incomes in the various States. For this purpose,
the income data used are those collected by the Bureau of the
Census in the 1950 Census of Population. These data, referring to calendar-year 1949, permit the classification of
income recipients according to numerous factors.
The Census income data, it should be noted, are not
directly comparable with per capita income payments.
(1) The latter measure the mean income of all residents of
a State (total income divided by total population). The
Census data show the median income—'the middle value of
an array by size—of all persons 14 years and older who received income in 1949. (2) There are numerous differences
in concept between the two measures, the most important
Farm income lower than nonfarm
The Census data show a wide disparity between farm and
nonfarm median incomes. Nationally, the median for farm
persons is only a little more than half that of the nonfarm
population. In the South, as a whole, median farm income
averages only one-half as large as nonfarm. It is more than
two-thirds as large in the remaining regions. By States,
the relationship varies widely. In Alabama and Mississippi,
median income of the farm population is only about twofifths that of the nonfarm. In Iowa and South Dakota, on
the other hand, the two are approximately equal.
Table 4.—Total Income Payments to Individuals, 1 by States and Regions, 1929-52
[Millions of dollars]
State and region
1929
1931
1930
1932
1933
1934
1935
1936
1937
1938 1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
Continental United
82, 617 73,325 61,971 47, 432 46, 273 53, 038 58, 558 68, 000 72,211 66, 045 70, 601 75, 852 92, 269 117,196 141,831 153, 306 157, 190 170, 962 185, 339 202, 007 196, 772 217,828 242, 529 255, 367
States
6,792 6,282 5,623 4,481 4,264 4,678 5,031 5,673 5,900 5,372 5,729 6,124 7,367
New England _
888 1, 000 1,096 1,267 1, 356 1,199 1,301 1,417 1,837
Connecticut
1, 459 1,337 . 1, 178 911
398
505
298
323
353
408
377
400
431
432
297
449
381
Maine 2
Massachusetts...2 3,787 3,512 3,156 2,555 2,386 2,593 2, 757 3,093 3, 193 2,928 3, 106 3,309 3,846
241
272
262
258
268
269
309
199
228
302
279
259
New Hampshire
200
511
651
385
391
426
473
494
447
480
527
579
477
366
Rhode Island
174
158
180
177
187
219
195
172
133
127
143
163
Vermont
216
8,965 10, 248 10, 707 10,828 11,831 12, 650 13,492 13, 283 14, 537 15, 983 16, 635
2,334 2,639 2,697 2,604 2,808 3,129 3,294 3,209 3,598 4,092 4,375
872
881
680
921
984 1,067 1,030 1,067 1,169 1,246
867
4,520 5,136 5,438 5,606 6,186 6,455 6,928 6,903 7,535 8,173 8,385
355
388
427
467
546
596
682
631
752
620
780
822
923
961
952
999 1,083 1,143 1,113 1,217 1,316 1,352
254
332
290
303
371
403
429
408
438
481
497
27, 840 25, 609 22, 031 17, 045 16,337 18,299 19, 577 22, 448 23, 481 21,503 22, 783 24,319 28, 203 33, 449 39, 101 42, 431 43, 965 48, 401 51,712 55, 771 54, 984 60, 598 66, 043 68, 873
Middle East
278
192
205
178
203
239
182
128
147
161
384
167
127
328
403
399
432
459
218
Delaware
510
628
719
536
764
District 2of Co792
781
549
631
763
813
905 1,040 1,260 1, 456 1,518 1,617 1,727 1,743 1,825 1, 891 2,093 2,305 2,420
495
638
644
619
556
lumbia 2
743
871 1,000 1,067 1, 000 1,074 1,222 1,516 2, 033 2,449 2,577 2,539 2,723 2,851 3,065 3,070 3,420 3,867 4,109
815
Maryland 2
927
720
1,106 1,036
New Jersey2
3,268 3,081 2,713 2,151 1, 985 2,197 2,361 2,690 2, 835 2, 658 2,859 3,138 3, 676 4, 572 5,420 5,838 5,797 6,188 6,545 7,039 7,030 7, 777 8, 795 9,412
New York
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 15, 340 17, 762 19, 506 20, 647 23, 096 24, 513 26, 514 26, 151 28, 381 30, 475 31,519
Pennsylvania
7,338 6,638 5, 580 4,172 4,027 4,627 4,989 5,818 6,174 5,438 5, 819 6,225 7,404 8,822 10, 377 11, 208 11, 469 12, 593 13, 701 14, 724 14, 363 16, 184 17, 542 18, 245
714
739
689
905 1,094 1,253 1,381 1,497 1,642 1,890 2,094 1,943 2,115 2,340 2,404
462
474
588
623
773
760
682
793
West Virginia
590
8,681 7,127 6,064 4,979 5,136 6, 354 6,976 8,132 8,457 7,904 8,414 9, 043 11,580 15, 594 19, 722 21, 907 22, 662 23,786 25, 494 27, 802 27, 140 30, 321 34, 272 36,160
Southeast
652
585
699
711
681
763 1,037 1,437 1,812 1,980 2,056 2,093 2,300 2,479 2,306 2,581 2,924 3,089
512
419
419
537
802
617
Alabama
389
478
493
658
908 1,005 1,161 1,248 1,353 1,373 1,585 1, 457 1, 578 1,753 1,785
288
342
470
479
456
562
393
332
287
Arkansas
751
819
439
584
711
773
900 1,062 1,469 2,148 2,433 2, 521 2,554 2,649 2,818 2,960 3,387 3,789 4,088
635
425
516
695
546
Florida
_ _ _
907
863
986 1,241 1,648 2,176 2,426 2,484 2, 597 2,817 2,991 2, 935 3,336 3, 842 3,998
735
800
901
798
560
596
920
667
Georgia
956
713
847
902
793
839
534
880 1,042 1,336 1,695 1,839 1, 967 2,145 2,298 2,575 2,480 2,688 3,111 3,311
794
679
530
636
964
Kentucky
748
792
789
828
641
847 1, 066 1,419 1,898 2, 045 2,018
595
2,033 2,230 2,525 2, 653 2,848 3,138 3,396
725
499
487
862
640
Louisiana
463
444
373
442
399
436
886 1,105 1,221 1,224 1,201 1,374 1,530 1,331 1, 527 1,688 1,778
339
630
385
292
256
256
544
Mississippi
915 1, 006 1,077 1,011 1, 090 1, 131 1, 436 1,872 2,270 2,536 2,651 3, 012 3,223 3, 446 3,361 3,859 4,290 4,383
845
812
576
677
690
North Carolina _ _
966
468
451
703
493
545
956 1,153 1,291 1,319 1,420 1,508 1, 681 1,586 1,763 2,128 2,341
378
406
485
365
299
438
314
261
South Carolina. -721
846
853
927 1,221 1, 530 2,003 2,329 2, 495 2,544 2,742 2,925 2,841 3,203 3,536 3,669
880
801
622 '498
661
743
516
905
Tennessee
967
938
654
849
996
996 1,127 1,484 2,133 2,457 2,646 2,679 2,834 2,980 3,247 3,230 3, 551 4,073 4,322
639
770
987
860
770
Virginia 2
Southwest
4, 153 3,428 2,788 2,199 2,299 2,623 2, 924 3,402 3, 804 3, 583 3,756 3, 908 4,734
OQ2
213
227
237
232
287
Arizona .
208
122
120
167
170
149
245
r
222
86
131
162
165
179
190
;o
177
161
New Mexico.. - _
113
137
110
841
956
583
666
753
844
537
796
829
Oklahoma
507
7*7
659
1.079
2, 668 2, 239 1,843 1,484 1, 552 1, 77«, 1, 960 2, 285 2,554 2,438 2, 554 2, 652 3,269
Tex'^s
6,G08
449
300
1,335
4, 524
8,741
601
380
1,639
6, 121
9.514
591
425
1, 853
6, 645
9,575 10, 125 11,526 12, 453 13,011 13, 965 15, 942 17,019
644
604
725
931 1,145 1, 287
832
836
558
490
456
619
916
67t
775
965
1,838 1,926 2, 130 2.301 2,285 2,406 2,692 2,910
6,676 7,065 8,113 8,701 9,211 9,853 11,189 11,887
24, 226 20, 833 17, 185 12, 630 12, 193 14, 139 16, 220 18, 986 20S 620 18, 378 20, 090 21, 661 26, 800 33, 520 39, 704 42, 252 43, 455 48, 020 52, 529
Cen tral
7, 036 5, 903 4,813 3, 517 3, 335 3,787 4, 222 4,909 5,395 4,833 5, 285 5, 740 6,889 8,267 9,476 10, 297 10, 849 12, 160 13, 305
Illinois
978 1,167 1, 31? 1,571 1,713 1, 522 1,688 1, 858 2,437 3,112 3,766 3, P59 4,113 4,327 4,784
Indiana
1,877 1,595 1,325 974
644
S96
982 1,092 1,068 1, 185 1, 233 1,527 2, 015 2,389 2, 318 2,451 2.982 2, 894
618
606
1,348 1,248
965
Iowa
Michigan
... 3, 543 2, 940 j 2,413 1, 816 1, 641 2 131 2, 469 2, 926 3,257 2,705 3, 054 3, 425 4,271 5, 526 6,924 7, 259 6,902 7, 495 8, 550
921 1.083 1,281 1,362 1,304 1,378 1,424 1, 626 2, 060 2, 316 2,456 2, 699 3, 153 3,421
812
1,443 1,325 ! 1,125 839
M iimesota,
2,210 1,G84 1, 688 1,284 1,244 1, 380 1, 533 1, 763 1,824 1,709 1, 832 1, 914 2, 363 2,942 3,391 3, 662 3,831 4, 371 4, 587
Missouri
Ohio
4,920 1 4,251 3, 564 2,610 2,601 3. 066 3, 447 4, 072 4, 406 3,794 4,154 4,448 5,646 7.022 8,417 8,967 9,122 9, 719 10, 753
938 1 . 081 1, 25x 1, 482 1, 571 1,443 1,514 1, 622 2,041 2,576 3,025 3, 334 3,488 3, 823 4, 235
671
Wisconsin. 1,849 ! 1,587 | 1,262
Northwest
. _ - 3,927 3, 592 2,824 1, 931 1, 953 2,2^0 2,627 3,029 », 238 2,974 3, 099 3,3C3 4,109 6,087 7, 135 7,631 7,842 8,454 9,824
358
404
584
563
588
362
538
526
695
990 1,144 1,157 1.274 1,380 1,626
446
478
633
580
Colorado
213
537
223
232
278
423
608
671
153
146
207
487
204tf
112
115
165
' 540
201
Idaho
2?.0
781
974 I, 500 1,824 1,987 1, 929 2,000 2,39&
692
690
487
474
622
721
757
730
549
Kansas
997 1 92
288
531
558
283
372
472
250
271
321
158
158
212
669
797
264
213
299
579
Montana
325
534
523
655 1,047
1,220 1,34? 1,370
344
378
1,478 1,554
569
476
519
509
764
578
371
749
Nebraska
331
561
435
510
209
237
122
126
136
178
197
106
578
619
875
224
217
264
160
North Dakota-- .
478
572
624
184
301
480
676
7*39
242
118
202
208
227
2H8
264
1%
199
11.7
South Dakota.-.
030
524
644
224
328
693
243
694
265
143
235
658
759
247
195
192
143
Utah -272
272
174
374
141
248
330
132
114
132
216 i
289
151
86
87
136
154 :
140
103
Wyoming
118
IS
Far West
California - ....
\evadi
Oregon
Washington
r
59, 029 55, 955 I 62,294 1 69,759
14, 973 14, 059 ; 15,400 16,978
5,399 5, 127 5, 780 ! 6, 664
3,798 3, 303 3.725 3,979
9,145 8,956 10, 242 11,438
3,876 3,634 i 3, 995 4,411 i
5,203 5,045 5, 570 6, 140
12, 016 11,360 12, 620 14,511
4, 619 4,471 4,962 ; 5, 638
72, 997
9,737 10, 993 12,151 !
1, 698 1, 840 2, 139
742 ; ' SOB
705
2 079 2,577 : 2, 833
92S 1.022
'764
1, 6% 1,964 2, 030 i
69z
788
826
?64
726
835 !
812
880 i 1,019
408
439 !
510
12,873
10, 562
1,732
723
2. 380
878
1,846
851
937
806
409
6,998 6, 4 >1 5. 456 4,167 4,091 4, 695 5, 203 6, 330 ! 6,711 6, 331 6, 730 7, 431 9,476 12,973 17,180 18,8*4 18,863 20,335 2i,604 22,898 22, 662
5,217 4. 878 4.151 3, 182 3,113 3, 530 3, 904 4, 730 5. 047 1, 772 5, 047 5, 606 7, 0 14 9. 348 12, 444 13, 739 13, 882 15,180 16, 043 16, 937 16, 824 |
213
84
92
215
206
239
53
62
107
215
255
43
69
268
266 1
74
70
62
824 1.201 1, 599 1, 672 1, 671 1,777 1,999 2,150 2, 076
633
560
404
580
540
338
603
443
459
oS7
337
524
968 1,007
950 1,012 1,100 1, 501 2, 21* 2, 922 3,240 3,095 3, 139 3,307 3, 543 3, 496
800
7V 8
598
708
1,104
982
601
1. "Income payments to individuals" is a measure of the income received from all sources
during the calendar year by the residents of each State. It comprises income received by
individuals in the form of wages and salaries, net income of proprietors (including farmers),
dividends, interest, net rents, and other items such as social insurance benefits, relief, veterans'
pensions and benefits, and allotment payments to dependents of military personnel. For a
more detailed definition of income payments and a brief description of sources and methods
25,120
18,621
303 i
2,321
3,875
17,681
6,917
4, 087
12, 172
4, 505
6,420
15,378
5, 837
2, 316
874
3, 400
1, 003
2, 147
734
835
1,069
495
28,379 30, 780
21, 214 23, 146
353
405
2, 595 2, 763
4,217
4,466
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 7.
Source: U. S. Department of Commerce, Office of Business Economics,
SUEVEY OF CURRENT BUSINESS
August 1953
13
Table 5—Per Capita Income Payments, by States and Regions, 1929-52
[Dollars]
Slate and region
192C
1930
1931
1933
1932
1934
1935
1936
1937
1938
1939
1940
1941
194?
1843
1944
1945
1946
1917
1948
1949
1950
1951
1952
Continental United
States
680
596
500
380
368
420
460
531
561
509
539
575
693
876
1 059
1 160
1 191
1 °11 1 293
1 383
1 325
1 440
1 5*U
1 639
New England
Connecticut
M aine
Massachusetts
New HampshireRhode Island.. _ _
Vermont--. _
S38
918
566
897
652
851
601
768
830
540
825
599
767
542
684
725
^73
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
541
691
501
704
808
490
737
562
714
493
640
710
4^0
677
531
639
454
680
764
474
719
54S
678
483
724
864
827 1, 055
400
569
764
879
561
665
716
999
521
622
i, 047
1, 293
769
1, 038
796
1,131
736
1,225
1,481
1 021
1,210
948
1,239
8&0
1,294
1, 513
1 040
1, 296
1,055
1, 343
1,482
°5Q
1,316
1,483
1 049
1.339
1. 117
,317
031
1,380
1,144
1,328
1 088
1,403
1,610
1 1 37
1', 402
1.229
1,412
1 138
1, 462
1, 664
1 193
1,468
1,276
1,458
1 "198
1,419
1,600
1 119
1,447
1,220
1,4079
1 II
1,559
l,78f
1 157
1,602
1, 310
1, 542
1 162
j,709
2, 015
1 274
1.728
l|477
1,655
1 293
1, 749
2,080
1 361
1,749
1, 530
1, 655
1 336
Middle East926
841
717
Delaware
919
762
687
District of Columbia
1,191 1,179 1, 088
703
Maryland
651
577
869
New Jersey
847
751
New York
1, 125 1,023
871
688
767
Pennsylvania- ...
576
464
393
336
West Virginia
552
522
526
513
586
586
623
634
711
750
740
795
674
682
709
771
751
867
892 1 018
1 038
1 188
1 ?42
1 376
1 36^
1 494
430
390
1 446
1 440
1 515
1 51°
i 603
1 609
1 548
1 680
1 687
1 9^6
1 8i6
2 179
2
926
460
586
671
429
261
806
441
535
644
414
265
876
493
586
705
474
326
955 1,124 1,107 1,044 1, 031 1,087 1, 09?
524
597
635
634
594
708
834
630
712
750
746
803
699
914
743
861
837
825
781
863
984
510
594
629
553
589
626
748
342
402
417
378
369
398
477
1,223
1,068
1,116
1, 155
907
587
1,284
1, 243
1 328
1,384
1,104
712
1,328
1,284
1,444
1, 535
1,213
807
,405
.272
.474
.641
l'f 264
875
1,417
1,246
1.477
1', 662
1,286
895
1.473
1,314
1,557
1, 713
1 , 368
995
1,600
1,427
1,613
1,810
1,441
1,097
1, 728
1,408
1, 569
1,741
1,380
1,003
1,984
1, 557
1, 708
1, 872
1, 537
1, 050
2,112
1,702
1,882
1,997
1, 667
1, 178
2,129
1.761
1,959
2,038
1,710
1,232
Southeast. _ . _
Alabama
Arkansas. - Florida
Georgia -.
Kentucky
Louisiana
Mississipoi
North Carolina - _
South Carolina- -Tennessec
Virginia
803
8^1
920
884
960
8i7
j 077
959
01 g
1 Ml 9
1 A81
788
756
1 043
855 i
875!
7R8
758
891
019
Sfi7
790
587
808
742
861
662
860
769
972
744
898
854
924
993
QCO
1 072
1 057
972
1.061
1 ii'i
344
305
305
484
329
371
415
1;320
309
252
349
422
279
932
211
431
274
303
344
191
255
209
283
367
235
191
177
363
2^7
256
299
143
214
178
234
326
19i
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
934
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
309
393
310
256
249
445
30""
32^
346
207
312
262
311
405
287
233
936
418
280
283
341
185
289
241
28°
380
30?
942
246
449
?90
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
3611
41
559
487
566
397
519
482
522
756
673
768
803
700
709
6'J0;
655
716
547
888 1 ^j3 1 045
' 761
672
794
7PO
701
627
741
827
832
583
486
598
713
627
757
594
673
697
676
8^8
808
844
940
924
Southwest
Arizona
New Mexico
Oklahoma
Texas
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
659
678
839
857
702
736
880
Central
Illinois
Indiana
Iowa
Michigan
Minnesota
Missouri
__ __
Ohio
Wisconsin-.. _ _
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
357
524
403
413
507
413
546
630
468
391
606
473
473
598
484
589
691
508
434
659
500
488
646
510
591
616
449
423
535
474
455
554
466
565
671
495
468
591
497
486
603
485
606
727
542
488
648
511
506
642
516
748
870
705
619
795
593
620
814
651
Northwest
Color ado. __ _ _
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
419
548
438
532
444
430
541
412
333
306
459
560
402
475
406
382
488
384
302
318
434
537
418
505
411
383
515
397
325
351
443
567
455
520
443
423
577
434
372
379
478
604
Far West
California
Nevada
Oregon
Washington
865
946
817
640
713
775
854
761
547
626
642
710
660
455
503
481
533
479
342
374
465
511
447
337
369
524 j
568
535
399
432
571
617
614
447
470
684
714
769
733
552
597
662
714
645
507
558
692
741
767
544
588
748
803
821
575
632
i
3Q9
699
539
579
539
503
480
676
K,0g
i r\pn
71 1
i nQK
QOQ
956
959
799
940
956
1 007
857
894
978
985
866
895
972
937
1, 039
894
833
1,025
773
764
1.009
843
1 131 1 219
1, 223 1,337
1 083 1 1 Tfi
1,028 1,036
1, 276 1,331
906
975
014 1 039
1,226 i',3ii
1 004 1 124
1 25^
1,416
1 199
1, 105
1,260
1,066
1 101
1, 326
1 184
1 289
1,481
1 176
1,250
1, 276
1, 160
1 168
1, 296
1 916
566
611
540
558
684
518
537
492
585
672
851
871
851
863
904
854
741
822
885
809
985 1,099
977 1,0231
962 1,029
1,006 1, 164
1,090 l,208 j
985 1, 122
927 1,0751
820 1,048
1 091 1 061
965 l'o92
1,145
1, 143
1,100
1, 157
1, 251
1,150
1, 111
1, 153
1 066
I 180
1,170
1,148
1,192
1. 133
1, 346
1, 201
1,144
1, 222
907
951
907
729
838
1,165
1,176
1,549
1,047
1, 162
1,438
1,463
1,493
1,297
1,420
1,429
1, 466
1, 483
1, 281
1, 357
Q79
1,502
1,535!
1,383!
1,302
1,495
con
77r
qi A
QCO
QQO
1 105
OQ/I
1 169
1,046
1 088
1 148
jrtQ
1 874
9fifJ
1 121
nri
1,008
641
852
791
8"0
1,046
821
1 201
' 967
ci °,
1,049
703
949
844
967
1, 147
1 977
1 100
1 ' nco
1, 138
770
1, 035
992
1 068
1,272
Iififi
1 152
1,074
1 075
1 200
1 224
1 ^3^
1, 133
1 077
1 273
1 351 1 A1R
1 491 1 498
1, 297 1,331
1 187 1 98^
l' 396 1 452
7Q4
1
I AC
874
1 01 n
1 137
l' 135
1,206
818
1,049
1,099
1 1 9A
1,322
1 77«i
1 3SO
1, 606r
I
1, 764
1 417 1 KK-I
1, 630 1, 757
1 799
1,929
1,983
1,191
1,410
1,227
1 9Q5
1,387
1 316
1,527
1,481
1, 360
1 358
1,512
1 416
1, 295
1,428
1, 246
1 291
1, 421
1 344
1,413
1, 596
1,343
1 396
1, 584
1 442
1,522
1,753
1,478
1 519
1,806
1 624
1, 545
1,815
1,491
1 583
1,881
1 649
1,425
1,442
1,307
1,326
1, 641
1,485
1,5141
1, 585
1,267
1,359
1, 233
1,220
1, 359
1,293
1,187
1, 175
1, 373
1,384
1,260
1,349
1,568
1,474
1,273
1,275
1,499
1,547
1,372
1,453
1,738
1,512
1,370
1, 492
1,549
1,618
1, 438
1,698
1,697
1, 566
1,223
1, 258
1 264
1, 354
1,354
1,288
1,372
1, 548
1, 257
1,582
1,
i 347
1 09
1 450
1,449
1. 504
1,626
1, 268
1, 310
1,532
1,574
1, 667
1, 357
1,451
1,586!
l,618j
1,686
1. 451
1,523
1,708
1, 750
1, 882
1,517
1, 627
1,863
1,915
2,064
1, 670
1,738
1 C\AO
1 RS^
1 98 4
1 79Q
1 478
1,560
1, 602
1,673
1, 390
1,473
1,969
2,032
2, 250
1,733
1,810
Source: U. S. Department of Commerce, Office of Business Economics.
Ill general, geographic variations in the relative importance
of the farm population serve to accentuate the effects of these
geographic differences in farm-nonfarm average incomes. In
the two Southern regions—where median farm income is
lowest, both in dollar terms and relative to nonfarm income—
the farm population makes up a much larger percentage of
total population than in other areas.
The summary influence of these two factors upon overall
income differentials is shown by a comparison of columns 1
and 3 of table 6. Geographic differences in median income
of the nonfarm population are significantly less than those
obtaining for all persons. Nearly all States of the Southeast
and Southwest have a substantially better median-income
position relative to the country as a whole in terms of nonfarm income than on the basis of the median income of all
persons. Conversely, almost all nonsouthern States have a
less favorable position.
Differences in relative size of median incomes of white and
nonwhite persons also introduce considerable variation into
average incomes by States and regions, although the effects
cannot be isolated from those of differences in the industrial
and occupational composition of the labor force. The geographic impact of these white-nonwhite income differences is
influenced, strongly by the varying importance of nonwhites in the total population of the various States.
The combined effect of differences in average incomes of
whites and nonwhites and in the racial composition of the
population is shown by a comparison of columns 1 and 5
with column 4 in table 6. Median incomes of the white
population are considerably more uniform throughout the
Nation than are the median incomes of the total population.,
while the reverse is true of the nonwhite population.
Also provided by the table is a comparison of the median
incomes of all persons and of white nonfarm persons. The
summary facts to be noted are the relatively less favorable
positions of the high income regions and the improved position of the South in terms of the median income of the white
nonfarm population. For the South, the reduction in the
differential is marked—from a point 29 percent below the
national average to one only 13 percent less; in the northern
regions, the relative advantage is sharply reduced; and in the
western areas, it is eliminated.
Examination of the occupational composition of the labor
force in the Southeast throws considerable light on the white
and nonwhite median income differentials.
SURVEY OF CURRENT BUSINESS
14
August 1953
PER CAPITA INCOME PAYMENTS
TO INDIVIDUALS, 1952
* 1,800 AND OVER
* 1,500- $1,799
$l,200-*l,499
EffigJ UNDER $1,200
UNITED STATES
U. S. DEPARTMENT
$1,639
53-UO-6
OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
A ranking of occupations according to size of median
income for the Southeastern States places farm laborers,
private household workers, farmers and farm managers,
service workers, and nonfarm laborers as the five occupations
with lowest median incomes. Highest income occupations
are craftsmen, professional, technical and kindred workers,
clerical and kindred workers, and nonfarm managers, officials, and proprietors. The white labor force in the Southeast is distributed between high-income and low-income
occupations much more favorably than is the nonwhite
labor force. Whereas one-fourth of the white labor force
is in the five low-income occupations, two-thirds of the
nonwhites are so located. Conversely, two-fifths of the
white Libor force is in high-income occupations, but among
nonwhites the proportion is only one-tenth.
income. In every State of the Southeast and Southwest, in
all but three in the Northwest, and in the important farm
States of the Central regions, industrial composition is a
factor making for below-average incomes of individuals.
Its effect is by far most pronounced in the Southeast.
Similarly, less-than-average earnings paid out industryby-industry appear to be of even more importance as a
cause of the relatively low income levels of the Southeast
and Southwest.
Table 6.—Regional Comparisons of Median Incomes of Selected
Population Groups, 1949
Region
All persons
Nonfarm Nonwhite White
persons
persons
persons
White
nonfarm
persons
Median income of persons in 1949 (dollars) 1
Industrial composition and average earnings
The type of industry located within a State has a significant
effect upon average personal incomes. Reference here is to
interindustry differentials in average earnings apart from
those due to geographic differences. As a result, average
income in a State may differ from that in other States simply
because of a greater or lesser proportion of industries in
which average earnings differ from those prevailing in other
industries throughout, the Nation generally.
Analysis of Census data on median income of persons
cross-classified by industry shows that geographic differences
in industrial composition and in average income by industry
are significant factors in State differentials in overall average
Farm
persons
United States. .
North East
North Central
South
West
1,917
2,247
2,115
1,367
2,075
1,099
1,522
1,542
787
1,532
2,043
2,230
2,204
1,572
2,124
961
1,622
1,652
739
1,445
2,053
2,246
2, 143
1,647
2,114
2,157
2,273
2,242
1,866
2,162
Percent of U. S. median income
United States
North East - North Central
South
West
- _
100
117
110
71
108
100
138
140
72
139
100
109
108
77
104
100
169
172
77
150
100
109
104
80
103
100
105
104
87
100
1. Data refer to median income of persons 14 years old and over with income.
Source: U. S. Department of Commerce; median income data from Bureau of the Census;
percentages computed by Office of Business Economics.
SURVEY OF CURRENT BUSINESS
August 1953
15
Table 7.—State Income Payments, by Type of Payment, 1950-52
l
[Millions of dollars]
State
1950
United States, total
Wages and salaries
Proprietors' income
Property income
Other income
Alabama, total ._
Wages and salaries
Proprietors' income - Property income __ _
Other income
-
1951
1952
1950
1951
1952
Louisiana, total
Wages and salaries
Proprietors' income
Property income
Other income
2,848
1,761
484
277
326
3,138
1,978
560
289
311
3,396
2,206
562
302
326
State
217, 828 242, 529
141, 369 162, 553
36, 600 40, 379
24, 562 25, 790
15, 297 13, 807
2,924
2,581
1,824
1,550
631
570
199
209
262
260
255, 367
174. 957
38, 774
26, 725
14, 911
3,089
1,986
611
219
273
Maine, total 2
_._
Wages and salaries
_
Proprietors' income
Property income
_ _ . -.
Other oncome
1,067
676
154
153
84
1,169
784
147
156
82
1,246
832
170
156
88
Mar viand, total 2
3,420
2,301
505
414
200
3,867
2, 696
559
434
178
4,109
2,907
556
451
195
7,535
5,266
677
1,004
588
8, 173
5,876
707
1, 031
559
8,385
6,077
644
1,054
610
10, 242
7,532
1,148
1,001
561
11,438
8,560
1,297
1, 056
525
12, 172
9,242
1,240
1,104
586
4,411
2,591
1,130
442
248
4,505
2,770
1,014
455
266
Arizona, total
W^ages and salaries
Proprietors' income
Property income
Other income
931
556
203
98
74
1,145
672
297
106
70
Ark an sas, total
Wages and salaries
Proprietors' hi come
Property income
Other income
1, 753
888
588
114
163
•California, total
Wages and salaries
Proprietors' income
Property income
Other income
1,578
756
534
111
177
18, 621
11, 831
3,137
2,274
1,379
1,287
804
293
113
77
1,785
943
561
115
166
21, 214
14, 036
3,494
2,421
1,263
23, 146
15, 790
3,456
2,526
1,374
Colorado total
Wages and salaries
Proprietors' income
Property income
Other income
1,840
1,086
359
233
162
2,139
1, 303
435
247
154
2,316
1,445
448
264
159
Minnesota total
Wages and salaries
Property income
Other income
3,995
2,311
954
417
313
Connecticut, total
Wages and salaries __
Proprietors' income
Property income
Other income
3,598
2,476
353
578
191
628
413
76
112
27
2,093
1,608
132
223
130
4,092
2, 944
373
601
174
4,375
3,189
375
625
186
764
526
82
127
29
Mississippi total
Wages and salaries
Proprietors' income
Property income
Other income
1,527
705
524
116
182
1,688
824
567
126
171
1,778
873
599
136
170
Missouri, total
- __
Wages and salaries.._
Proprietors' income
Property income _ _ _ _
Other income ___
"M. on tan a total
"Wages and salaries
Proprietors' income
5, 570
3,414
1,176
575
405
6,140
3,888
1,254
597
401
1,022
526
362
83
51
6,420
4,219
1, 159
615
427
1,964
894
763
206
101
303
180
64
43
16
682
444
85
100
53
2,030
1,020
702
215
93
2,147
1,087
732
232
96
353
217
74
46
16
752
505
90
108
49
405
262
76
49
18
780
529
86
113
52
7,777
5,534
912
862
469
775
457
178
81
59
28, 381
19, 254
3, 334
4,009
1,784
3,859
2,374
873
326
286
788
336
343
59
50
8,795
6,447
1,008
905
435
916
538
234
90
54
30, 475
21, 195
3,431
4,194
1,655
4,290
2,658
1,021
348
263
826
358
363
64
41
9,412
7,013
979
939
481
965
604
204
96
61
31, 519
22, 292
3,179
4,288
1,760
4, 383
2,818
952
353
260
734
375
254
62
43
Delaware, total
.
Wages and salaries. .__
Proprietors' income
Property income
Other income
__ _
District of Columbia, total 2
"Wages and salaries
Proprietors' income . _
Other income
__
Florida, total
._
Wages and salaries
Proprietors' income- ._
Property income
Other income
_ _
3,387
1,957
697
458
275
Georgia, total. ___
3,336
2,111
635
311
279
Proprietors' income .._
Property income
Idaho total
Wages and salaries
Proprietors' income
Property income
Other income
...
_
Illinois, total
Wages and salaries
Proprietors' income _ _. _ .
Property incomeOther income
Indiana, total
_.
Proprietors' income
Property income
Other income
Iowa, total
Wages and salaries
Proprietors' income . Property in come __ __
Other income
Kansas, total.
___ Wages and salaries-.
Proprietors' income. _
Property income.
Other income
Kentucky, total- __ ___
Wages and salaries
Proprietors' income
Property income
Other income
719
481
92
120
26
2,305
1,822
136
230
117
3,789
2,294
732
489
274
2,420
1,925
133
240
122
4,088
2,576
711
513
288
Proprietors' income
Property income
Other income
Massachusetts, total __ _
Wages and salaries
Proprietors' income
Property income
Other income
Michigan, total
Wages and salaries
Proprietors' income
Property income
Other income
_.
Other income
Nebraska, total
Wages and salaries
Proprietors' income
Property income
Other income
Nevada, total
3,998
2,699
687
333
279
742
420
204
67
1
3,842
2,478
771
326
267
808
470
219
72
47
874
503
242
76
53
New Hampshire total
"Wages and salaries
Propriptors' income
Property income
Other income
15, 400
10, 470
2,219
1,898
813
5,780
3,874
1,087
513
306
3,725
1,696
1,423
398
208
2,577
1,368
779
277
153
2,688
1,615
600
231
242
16, 978
11, 796
2,461
1,986
735
6,664
4,517
1,294
544
309
3,979
1,904
1,464
417
194
2,833
1,679
724
292
138
3,111
1,921
715
240
235
17, 681
12, 572
2,283
2,049
777
6,917
4,825
1,187
567
338
4,087
2,000
1,446
437
204
3,400
1,890
1, 036
322
152
3,311
2,119
695
242
255
New Jersey, total 2
Wages and salaries
Proprietors' income
Property income
Other income
New Mexico, total
Proprietors' income-.Property income.-.Other income
,_
.__
2
Proprietors' income _.
Other income-..
New York, total 2
Wages and salaries
Proprietors' income
Property income
Other income
North Carolina, total
Wages and salaries . .
Proprietors' income
Property income
Other income
North Dakota, total
Wages and salaries
Proprietors' income
Property income
Other income
1. Comparable estimates for the years 1929,1933, and 1939-41 were published in the August
1945 issue of the SURVEY OF CURRENT BUSINESS; for the years 1942-47 in the August 1950 issue
of the SURVEY; and for the years 1948 and 1949 in the August 1952 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 in New York, but do not include the income of New York residents employed in New
__
_
.
928
469
325
79
55
1,003
570
279
84
70
State
Ohio total
"Wages and salaries
Pror)rietors' income
Property income
Other income
iriopneioib income —
Oregon, total
_ ..
Wages and salaries
Proprietors' income
Property income
Other income
..--
Pennsylvania total
W"ages and salaries
Proprietors' income
Property income
Other income
Rhode Island, total..
Wages and salaries
Proprietors' income
.-
--
Other income
South Carolina, total __.
Wages and salaries .
Proprietors' income
Property income
Other income
-
South Dakota total
Wages and salaries
Proprietors' income
Property income .
T
W
' l^Udl
—--
Property income
Other income.
., ..
Texas, total
Wages and salaries
Proprietors' income
Property income
Other income
-.
Utah total
Wages and salaries
Proprietors' income
Property income
Other income..
.-..
Vermont, total
._
Wages and salaries
Proprietors' income . Property income
-Other income
. .--
2
Virginia, total
Wages and salaries
Proprietors' income
Property income
Other income
Washington total
Wages and salaries
Proprietors' income
Property income
Other income
. -. .
-
Wages and salaries
Proprietors' income
Property income
Other income
Wisconsin, total.
--- . ...
Proprietors' income - - - - - - - - - Property income.
-.
Otherincome
..
Wyoming, total
Wages and salaries
Proprietors' income
Property income
Other income
-.
1952
1950
1951
12, 620
8,880
1,595
1,375
770
14,511
10, 597
1,783
1,450
681
15, 378
11,341
1,775
1, 504
758
2, 406
1, 368
5^5
265
248
2, 692
1, 576
598
280
238
2,910
1,746
612
291
261
2,321
1,498
441
225
157
2,595
1,722
488
239
146
2,763
1,822
493
250
198
16, 184
10, 949
2,014
1,798
1,423
17, 542
12, 561
2,140
1,852
989
18,245
13, 251
2.018
1,909
1,067
1,217
852
113
147
105
1,316
947
118
150
101
1, 352
983
111
154
104
1, 763
1,158
304
140
161
2,128
1,408
418
148
154
2, 341
1, 650
381
152
158
835
338
384
60
53
964
367
490
65
42
835
385
337
67
46
3,203
1,980
646
274
303
3, 536
2,254
724
291
267
3,669
2, 405
691
299
274
9, 853
5,960
2,229
977
687
11,189
7,021
2,500
1,036
632
11,887
7,758
2,364
1,098
667
880
574
169
71
66
1,019
679
199
81
60
1,069
740
178
88
63
438
275
73
58
32
481
314
77
60
30
497
332
69
61
35
3,551
2,396
602
330
223
4,073
2,858
673
338
204
4,322
3,084
662
352
224
3,875
2,487
670
372
346
4,217
2,884
672
394
267
4,466
3,065
713
410
278
2,115
1,488
287
167
173
2,340
1,692
314
174
160
2,404
1,701
297
176
230
4,962
3,201
937
560
264
5,638
3,682
1,108
592
256
5,837
3,902
1,038
613
284
439
270
104
40
25
510
301
145
42
22
495
324
104
44
23
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 1952: District
of Columbia, -642; Maryland, +340; Virginia, +302; New York, -584; New Jersey, +584;
Maine, —43; New Hampshire, +43. Because of lack of data which would permit a breakdown of the amounts of adjustment according to their type-of-payment and industrial sources,
it has not been feasible to publish on a residence-adjusted basis the estimates of total income
and its sources for these States.
Source: U. S. Department of Commerce, Office of Business Economics.
by John W. Kendrick and Carl E. Jones
Farm Capital Outlays and Stock
JL HE drop in farm income of the past year has raised
questions concerning the prospects for farm investment,
a particularly volatile category of farmers' expenditures.
Farm outlays for plant and equipment account for almost
one-eighth of total private fixed investment, and are thus of
interest in consideration of the general business picture.
Estimates of past farm investment and of stocks and discards of farm capital goods are used in this article to appraise
trends in net growth and replacement of farm capital and
relationships between farm investment and other economic
series.
Summary
In the period 1949-52, farm fixed capital outlays, which
averaged $3^ billion a year, were high by historical comparison. They were well above the volume of real investment
estimated to be necessary to provide for the normal growth
and replacement of farm capital stocks. This strength of
investment stemmed from backlogs of capital demand
deferred during and immediately following World War II.
Since 1948 the availability of equipment, together with high
farm income and other favorable economic factors, made
possible the gradual elimination of the backlogs.
From 1948 to 1952, farm capital outlays were higher than
in the past in relation to the net cash income of farm operators, and farm income itself was relatively high, as indicated
by the price parity ratio. Other economic factors also
favored investment—a generally tight farm labor market,
and favorable credit terms.
During the past year, however, declines in farm capital
outlays have been substantial, reflecting not only reduced
farm income, but also a readjustment to a more normal rate
of growth and replacement of capital stocks. Once the readjustment is completed, long-run considerations suggest that
capital outlays will proceed at a rate that is not greatly
different from the rate of the first half of 1953, assuming the
national economy continues to expand. By the latter part
of this decade, farm investment is due again to increase
substantially as demand for replacement of the large volume
of-farm machinery items purchased in the postwar period
begins to assert itself.
Estimates of farm capital outlays
Table 1 presents estimates of farm capital outlays in
current and constant (1947) dollars. The table is confined to
fixed productive investment, since it is this type of investment
to which the subsequent analysis is addressed. Farm residential construction and the change in farm inventories are
not shown.
The estimates of farm machinery and equipment, arid farm
tractors, are components of revised estimates by the Office of
Business Economics1 of producers' durable equipment, heretofore unpublished. Those of farm purchases of trucks and
automobiles for business use are unpublished estimates of
NOTE.—MR. KENDRICK AND MR. JONES ARE MEMBERS OF THE NATIONAL ECONOMICS DIVISION, OFFICE OF BUSINESS ECONOMICS.
16
the Bureau of Agricultural Economics. These series are
combined to obtain farm producers' durable equipment.
The new farm nonresidential construction series is the
regularly published national product component.
One important element of farm investment in the past is
not included in table 1, which was set up in conformity with
the gross national product framework. That is the gross
Farm capital outlays move closely with
farm operators' net cash income
S
Billions of Dollars (ratio scale)
20
OPERATORS' NET
CASH INCOME
v/
/V\ r
1.0
.8
.6
.5
.4
.3
FIXED
CAPITAL OUTLAYS
.2
\l
w
,1 I I l l t i I i i i i i I I I i I l i i l I I l I I i I i I i l I t l i i i i i i i i i I I
•
•
•
»
•
•
•
•
•
•
-
1910
15
20
25
30
35
40
45
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
50
55
53~110~7
investment in horses and mules. The value of the net change
in numbers of workstock—net investment—is included in the
conventional estimates of changes in farm inventories. Not
included is replacement of workstock which when added to
the net change in stock gives the gross investment. This
gross investment has been estimated for the purposes of this
analysis as the market value of horse and mule colts, purchased or raised for use as workstock.
Exclusion of gross investment in workstock in historical
analyses of farm investment may yield misleading results.
Such investment amounted to more than $200 million annually
from 1910 to 1918, thereafter gradually declining to less than
$10 million in the past several years. Thus, investment in
workstock was a substantial proportion of farm investment
in the early years, gradually declining in relative importance
as workstock was progressively displaced by tractors and
motor vehicles. If this factor is ignored, an upward trend in
the relationship of farm fixed investment to farm income
develops. Also, if workstock is excluded from estimates of
stocks of farm fixed capital, a greater upward trend appears
than if it is included. Unless otherwise indicated, farm fixed
See footnotes at end of article.
SURVEY OF CURRENT BUSINESS
August l.i).r>3
investment in the subsequent discussion includes gross investment in works to ck.
Farm fixed investment one-eighth of total
Over the period 1910-52, farm fixed investment has averaged 13 percent of total fixed productive investment in the
economy, exclusive of residential construction. Over the
same 43 years, the gross national product originating in
farming has averaged 2less than 11 percent of total private
gross national product. Thus, the ratio of outlays for plant
and equipment to gross product has been greater in the farm
economy than in the private nonfarm sector—10 percent as
compared with 8% percent.
Farm investment as a proportion of total private investment has tended to decrease over time. Farm capital outlays averaged almost 18 percent of the total from 1910 to
1919; 12 percent in the 1930's; and 11 percent in recent years.
This movement reflects the fact that gross national farm
product is becoming a smaller proportion of total private
product, declining from 16 percent in 1910-19 to about 8
percent in recent years as a result of the smaller rate of
growth in real farm product than in the total. The downward trend in farm investment relative to total investment
has been obscured since World War II because postwarfarm investment was high relative to farm income and
product.
Economic Influences
Farm investment in machinery and new nonresidential
structures has fluctuated widely over the period 1910-52, as
shown by the accompanying chart. The drops have been
substantial in periods of economic depression. Real farm
investment fell by one-half from 1920 to 1921, by threefourths from 1929 to 1933, and by one-third fronTl937 to
1938. Declines in terms of current dollars have generally
been even greater.
Recovery periods have carried real farm capital outlays
higher than in the preceding period of prosperity. Over
time there has been an upward trend in real farm investment
averaging almost 2 percent a year. The broad trends in
real farm investment will be analyzed later, in terms of
changes in capital stocks. This section is concerned with
the economic influences that determine the movements in
farm investment.
Of the economic influences, the most important is farm
income. The net income of farm operators reflects the rate
of return on farm capital, is the chief source of funds out of
which outlays for fixed capital are made, and influences the
expectations of farmers as to future rates of return and
income. Wage rates of farm labor, the prices of capital
goods, and their relative movements bear on the profitability
of substituting capital for labor. Interest rates, which affect
the cost and prospective net return of capital, and the
willingness of financial institutions to meet farmers' demands
for capital, are important determinants of the use of credit
in investment activity.
Technological advance is a fundamental factor affecting
the prospective return on new investment, and the rate of
substitution of new capital for old capital and for other
inputs, but it is not subject to quantitative appraisal.
However, technology may advance fairly steadily over time
in a progressive economy, although the rate at which new
equipment is adopted is influenced by economic conditions.
Farm investment a stable fraction of income
Farm income is the net result of the various supply,
demand, and price factors affecting the farm economy.
See footnotes at ond of article.
2 6 3 7 4 7 ° -— 53
3
17
Specifically, it reflects the interaction of farm output, prices
received by farmers, the volume of input factors, and the
prices paid by farmers for the inputs.
Of the several available farm income concepts and measures, the one most closely related to farm investment has
proved to be the Bureau of Agricultural Economics series,
net cash income of farm operators from fanning before
outlays for capital goods. This series excludes nonmonetary
income, and represents cash receipts from farm marketings
and government payments, after deduction of the various
production expenses other than depreciation. The series
thus includes both the return on capital and compensation
for the labor of the farm operators.
Over the period 1910-41, farm capital outlays, including
investment in workstock, were a relatively constant proportion of net cash income, averaging 19/2 percent. There
is some evidence of a slight upward trend in the ratio. In
years of declining income, the ratio tends to be slightly
lower. In 1933, the ratio dropped substantially as investment lagged income on the upturn. The ratio also dropped
in both World Wars as a result of limitations placed on
on civilian output.
The ratio for the 4-year period 1949-52 has averaged
about 24 percent. This is significantly above the ratio for
the 1910-41 period, even if allowance is made for an upward time trend.
Farm investment more volatile than income
The relationship between cash farm income and investment can be defined more precisely in terms of correlation
analysis. The degree of correlation between the3 two
variables over the period 1910-41 is quite high. The
regression equation indicates that a 10 percent change in
Farm fixed capital outlays have been,
with some exceptions, a relatively stable
proportion of net cash farm income
PERCENT
40
30
1910
15
U. S. DEPARTMENT
20
25
30
35
40
45
50
55
OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
net cash income is associated with a 10.8 percent change in
investment. Thus, farm investment is slightly more volatile
than net cash income, and constitutes a slightly smaller
proportion of income when income is low than when it is
high. At present levels, a $1 billion decline in farm income
is associated with a $240 million drop in investment. Since
SURVEY OF CURRENT BUSINESS
18
Table l.^Farm Producers' Fixed Investment
1929
1930
1931
1932
19331934 1935
1936
1937
193S
1939 ' 1940
1941
I
s
;
i
1942 j 1943 | 1944 ( 1945 1946
1947
i
j
1948 I 1949 : 19.50
1951 1 1952
Millions of Dollars
Nonresidential construction, _ _
Producers' durable equipment _
Total
IfiO
821
981
86
635
721
13
191
204
38
358
396
!
20 |
189 i
209 i
30
389
419
65 ! 85 :
531 1 688 !
596 1 773
i
i
i
i
i
I
92 1 106 ; 95 i 128 i 125
163 !
618 [ 677 i 751 1 1,015 : 716 i 591 :!
710 ! 783 ! 846 1,143
841
753
107
797
904
175
649
824
714
167 , 447
806 ! 793 i i872 i 875
702
776 1, 469 2, 168 12,376 12,,
12,519 i2, 797
869 1,223 2,183 2,974 3,169 13,391
3,J
:3,672
X60
2. 863
3, 723
Millions of Constant (1947) Dollars
Nonresidential construction . ! 300 j 168 j 85 j 33 j
51 ] 68 ! 148 I 191 i 229 j 200 !i 232 ! 207 ! 251
>
247 i 222 i 539 | 714
737
740 ; 790 ! 715
976 I 858 ! 834 '• 893 ' 879 |1,469 11,934 !l,994 12,089 12, 150
Producers'durable equipment" 1, 110 | 858
504 | 284 ' 309 j 6?
633| 849 ! 1,088 i 1,202 I 876 1, 028 |l, 125 j l , 450
Total
il,410 [l,026 | 589 j 317 j 360 | 7C
"01 i 997 i 1,279 11,431 1,076 11,260 1,332 11,701 1,193 ! 1,110 11,081 1,115 1,418 2,183 12,671 12,734 2,897 2,865
Index Numbers, 1947 = 100
1
Implicit price deflator for total.. j 69. 6
67.2 I 64.4
1
58. 1
59. 8 i 59. 8
i
60. 4
63. 2
66. ()
investment in works took is now negligible, almost all the
change in investment computed currently would represent
mechanical equipment and new construction.
Changes in farm investment are greater relative to changes
in gross farm income, or cash receipts from farm marketings,
than in relation to net farm income. This follows from the
fact that net farm income is more volatile than cash receipts
because production expenses are relatively more stable than
receipts. The input items charged to current production
expense do not fluctuate greatly since production itself is
comparatively stable from year to year. The flow of services
from capital is likewise not volatile, but small changes in the
flow of capital services may be associated with large changes
in outlays for new capital.
The regression equation indicates that actual farm investment from 1949 to 1952 was well above computed levels, the
deviation in 1952 amounting to about 10 percent. While
this result is within the margin of error of the calculation, it
is reenforced by the ratio analysis, and is also in line with the
results of the stock trend approach in the next section.
It is interesting to note that if farm fixed investment
exclusive of gross investment in workstock is related to
income, a pronounced upward trend appears, which merely
reflects the progressive substitution of tractors and motor
vehicles for horses and mules. A similar result appears when
new nonresidential construction and machinery purchases
are related separately to income. Construction has been
declining relative to income, while machinery sales show an
upward trend. Thus, it is much more satisfactory to deal
with aggregate capital outlays in relationship to income.
Trends in individual types of equipment will be analyzed
later in terms of stocks.
Since farm investment is affected by economic factors other
than those comprised by farm income, other relevant variables were tested in the correlation, but did not improve it
significantly. This is due to the intercorrelation of some of
the other factors with farm income, which makes it impossible
to segregate their separate effects.
Recent declines in farm income
In the first half of 1953, cash receipts from farm marketings, seasonally adjusted at annual rates, were about 6
percent below 1952 receipts. This implies a drop in net cash
income of farm operators in excess of 10 percent, since production expenses have not declined nearly so much as cash
receipts.
Farm outlays for plant and equipment in the first half of
1953, seasonally adjusted at annual rates, have also declined
by at least 10 percent from the 1952 total, according to preliminary estimates. The drop may prove to be closer to 15
percent, if farmers have returned to a seasonal pattern pre
62. 1
63. 5
67. 2
70. 5
67.8
76. 2
;
77. 9 : 86. 2 100.0 111.3 j l l o . 9 1117.8 !128. 2 i 129.x
vailing before the war, when they purchased a larger proportion of equipment in the first half of the year than has been
the case since the war.
Thus, the close relationship between net cash farm income
and farm fixed investment appears to be continuing at.
present, although a final judgment must await complete
data for 1953.
Farm wage rates up relative to machinery pr ices
Farm wage rates have increased 5-fold between 1910 and
1952. Prices of farm fixed capital have increased 2}<> times
over the same period. This doubling of the price ratio of
farm labor to plant and equipment prices has been an important influence in the gradual substitution of capital for
labor reflected in the doubling of capital stocks relative to
output while labor input has declined. To some extent,
however, the increase in capital per worker has been a cause
of the increase in farm productivity and thus in wage rates.
And since real farm income has also approximately doubled
over the period, it is impossible quantitatively to segregate
this influence from that of the rising ratio of wage rates to
machinery prices.
Over the short run, farm wage rates have a considerable
amplitude of fluctuation, varying with farm income, although
not to the same degree. Farm machinery prices, on the
other hand, are still less flexible, so that the price ratio also
varies positively with farm income. Again, it is not feasible
clearly to disentangle the effects of the two factors, but the
changing price ratio tends to reenforce the effects of changing
income on. investment.
With regard to machinery prices, it should be noted that
the price indexes generally take account of changes in quality,
or efficiency, of the machinery only insofar as such changes
are associated with cost changes. Since farm machinery and
equipment have been continuously improved during the
period, this, in effect, amounts to an upward bias in the price
index. Thus, the secular movement of relative prices of
farm labor and capital has been even more favorable than
computations reveal.
It is believed that in the farm economy, capital is less
competitive with the other inputs than with labor. Some
of the purchased intermediate products are complementary
with capital, such as expenditures for gasoline, oil, and repair
of motor vehicles. Other intermediate products, such as
fertilizer, insecticides, and commercial seeds, are a product
of the same technological advance that promoted capital
outlays, and frequently require capital goods for their
application. In any case, real purchases of intermediate
products have increased even more rapidly than capital.
Over the long run, there appears to have been some substitution of capital for land, since capital stocks per acre
SURVEY OF CURRENT BUSINESS
have increased substantially. This has been associated
with a greater secular increase in land rents than in machinery
prices. But the capital factor has been only one of a variety
of improved agricultural practices that have increased land
yields, so too much stress should not be laid on relative
prices in this connection. And here again, relative prices
are intercorrelated with farm income, since land rents vary
directly with prices received and farm income,
Financial factors favorable
Average interest rates charged to farmers have declined
rather steadily since 1910, with small reversals in the early
1920's, and from 1946 to the present. The secular decline
in short-term loan rates, which are more important for equipment purchases, has been greater than the decline in farm
mortgage interest rates.
It is possible that this has been a factor in stimulating
farm investment. However, the farm debt in 1952 of
around $14 billion was actually lower than it was in 1921,
despite the higher price level today. As a ratio to net cash
farm income, farm debt was about 0.75 in 1952, compared
with around 3.0 in the 1920's,
Stocks of fixed farm capital have generally
increased, while farm man-hours have
declined, relative to farm output
Index, 1947 = 100 (ratio scale)
200
WAN-HOURS
A
!OO
9O
80
7O
6O
OUTPUT
® PRELIMINARY
50
I I I I t I I 1I I I 1 I I I I 1 I I I 1I \ \ 1 11t 1M 1 I l I I I I I I 1 I I I I
1910
15
U. S. DEPARTMENT
20
25
3O
OF COMMERCE. OFFICE
35
OF BUSINESS
40
45
ECONOMICS
50
55
53 - IIO-8
Farm debt declined fairly steadily from 1921 until the
end of the war. Since 1946, however, non-real-estate debt
rose by almost $5 billion, while mortgage debt rose about
half as much. While some of the proceeds of the increasing
volume of loans has financed capital outlays, it has not been
a large percent of investment. Furthermore, it is questionable whether the interest rate has been a significant factor
in the farmers' postwar demand for credit to finance capital
purchases.
It is of interest that liquid assets of farmers, which had
risen by almost $10 billion during the war, rose by an additional $2 billion between 1946 and 1952, despite the large
increase in capital outlays.
In general, the favorable financial position of farmers in
the postwar period probably served to augment investment
activity. The large liquid assets of some farmers will help
Sec I'oetnok's at end of article.
19
to cushion the effect of the recent declines in farm income,
and greater recourse may be had to credit to help finance
capital outlays. But the broad movements in capital outlays will probably continue to be tied predominantly to
shifts in net cash farm income.
The Stock of Farm Capital
The gross stock of fixed capital can be thought of as a
cumulative total of the annual outlays for fixed capital goods
less the total of discards from previous years' purchases.
When capital outlays are expressed in terms of a fixed set of
prices, the derived discard and stock estimates are likewise
in constant prices and reflect changes in physical volume.
This is the concept underlying the measurements discussed
in the June 1953 SURVEY OF CURRENT BUSINESS. Essentially the same method has been used to compute the stock
of farm fixed capital for this article, except that instead of
the assumption that equipment is scrapped after its average
life, discards were distributed about the average life in accordance with available survival, or scrappage, tables.
Also, the stock estimates were carried back to 1910 so that
the long-run trends could be distinguished. (See chart.)
Two main points should be kept in mind in interpreting
capital estimates. First, they represent a physical stock,
in terms of what the various items would have cost to build
in the base year, 1947. They do not fully reflect changes
in the productive efficiency of the machines. One study
estimates that, over a 20-year period, the quality of new
farm machines
has increased at an average annual rate of
about 214 percent a year.4 But such estimates can only be
rough, in view of the complexity of the factors involved. In
any case, in considering capital as an input factor, it seems
desirable to measure it net of efficiency changes.
Secondly, a constant scrappage curve has been used,
whereas in reality, scrappage and replacement may be deferred, or speeded up. In comparing computed stocks with
estimates of numbers of machines on hand—which can be
done in the case of tractors and trucks—computed stocks
declined relative to actual numbers during the 1930-34
period, and again during World War II. By 1952-53, however, stocks and numbers had shown approximately the same
growth over the period studied, and the average age of equipment was generally back to prewar levels. This indicates
that stock estimates, despite their approximate nature, are
useful for analysis of long-term trends of net capital growth.
The stock approach to secular demand analysis
Since capital stock represents a cumulative total of the
real net investment of the past, its movement reflects the net
result on investment of fluctuating year-to-year economic
forces. The secular trend in total stocks is a result of trends
in net investment, and may be expressed in terms of a rate
of growth of stock.
The net growth in capital stocks is composed of two main
elements. One is the percent increase in capital corresponding to the percent increase in output, necessary to maintain
the previous ratio of capital to output, or "capital coefficient." This element is sometimes referred to as the widening of capital. The rate of growth of capital over and above
the rate of growth of output results in a rising capital coefficient, or a deepening of capital. This trend is indicative of
a progressive substitution of capital for other inputs, although
replacement and widening of capital by means of improved
capital goods can also reduce unit requirements for other
inputs.
Discards of capital, and the associated replacement demand, are a function of past capital outlays
and the rates of
retirement of the various types of capital.5
20
SURVEY OF CURRENT BUSINESS
Analysis of net growth and replacement is a fruitful basis
for projection of future investment trends, assuming the
same net influence of relevant economic factors and interrelationships as in the past. The past rate of net growth of
stocks, as modified by any special foreseeable factors, is a
guide for projecting net additions to capital. Over the near
term, discards and replacement demand are heavily influenced by past capital outlays. Discards in the more
distant future can be calculated by adding projected net
investment to the discards of each year, and entering the
consequent gross investment into the discard table, so that
its influence in years further into the future can be taken into
account. It must be emphasized that such projections are
not forecasts, but are "norms" about which net and gross
investment will fluctuate depending on the short-term play
of market forces.
The growth of total farm capital stocks
The physical volume of plant and equipment in the farm
economy exclusive of workstock has increased roughly
threefold between 1910 and 1952, an average annual rate
of almost 2% percent. The growth is somewhat less if work
animals are included, but is still impressive.
Over the same period, the physical volume of farm output
increased at an average annual rate of close to l/£ percent.
Thus, on net balance, in agriculture the capital coefficient
has been rising at an average rate of around 1 percent a
year. The progressive substitution of capital for labor
implied by this trend is clearly evident in the chart. The
decline iti man-hour requirements per unit of output has
averaged 2.3 percent a year.
Table 2 shows that the increase in plant and equipment
was considerably greater between 1910 and 1930 than
between 1930 and 1952. During the earlier period, the net
growth was higher from 1910 to 1920, when tractors and
motor vehicles were being introduced at the most rapid rate,
than from 1920 to 1930. In fact, the 1920-30 rate of
increase was almost 2 percent—approximately the same
rate as prevailed between 1930 and 1952. The fact that
farm capital stocks at the end of 1952 were approximately on
the trend line extrapolated from 1920 to 1930 lends some
support to the judgment that by 1952 stocks of capital were
approximately in line with output, and that the average rate
of growth in the future is more likely to be in line with past
trends than at the rapid rate of the last five years when
backlogs of deferred demand carried over from the depression
and war were being made up.
In this connection, the more than 50 percent increase in
total stocks indicated by the table for the period 1930-52
actually took place largely after 1946. Total stocks declined
a bit during the depression as gross purchases fell below
normal replacement requirements, but by 1941 were back
to the 1930 level. Little change occurred during the war, as
farmers were allocated sufficient machinery for replacement
purposes, and stocks at the end of 1945 were approximately
the same as in 1941. Thus, the 1946-52 purchases were
considerably higher than required for the secular growth of
stock. The decline in farm capital outlays since mid-1952,
associated with a decline in farm income, also represents a
readjustment to a more "normal" rate of growth of capital
stocks. The two factors are, of course, connected, since the
decline in income reflects to some extent the rapid buildup
in output capacity stimulated in part by the large export
demand which has recently receded.
Trends in discards
Discards of machinery are highest in the several years
around the average retirement age of the various items.
August .10r,3
Thus, discards reflect, or "echo" the purchases of relevant
previous years.
Total discards, and associated replacement demand, increased fairly steadily from 1910 up to approximately the
beginning
of World War II. almost quadrupling over the
30-}7ear period. This reflected the upward trend of machinery purchases from around the turn of the century until 1929,
and of new construction since even earlier. Due to the drop
in capital outlays during the depression, calculated discards
declined somewhat during World War II, but then rose in the
postwar period.
Actual discards undoubtedly rose much more than computed discards from 1948 on, as deferred replacement was
made up. This is indicated by the 1950 Census of Agriculture, which shows that whereas the average age of farm
machinery and vehicles had increased between 1940 and
1945, by 1950 it was on the way back toward the 1940
average. Thus, the more normal rate of discards, used in
the discard computations, can be expected to reassert
itself—especially in view of the high farm investment since
Korea, which was in part an effort of farmers to get their
equipment in good shape in case of prolonged cutbacks in
production of machinery and building materials.
The ratio of capital stocks to output
in farming has varied according
to type of capita!
Index, 1947=100 (Ratio Scale)
200
TRACTORS AND BUSINESS
MOTOR VEHICLES
60
50
40
600
500
WORKSTOCK
SERVICE BUILDINGS
100
90
80
70
60
® PRELIMINARY
50
40
I I I I t t I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I II l i
1910
20
25
30
35
40
45
50
55
-
At the present time calculated discards are tending to
level off, reflecting the leveling of capital outlays during the
war. Since farm investment was held down from 1942 to
1946, replacement demand is unlikely to rise significantly
again until the latter part of the decade. But an analysis
Auinist U»r»3
SURVEY OF CURRENT BUSINESS
of the outlook can better be undertaken after trends in the
individual major types of farm capital have been examined
separately.
Tractors
Farm tractors (exclusive of steam tractors), which were
just being introduced in 1910, increased rapidly to number
a quarter of a million in 1920, close to a million in 1930, and
more than 4 million at the beginning of 1953. The growth
has reflected progressive improvement in tractor types,
involving introduction of a successful general purpose type
of tractor in the 1920's, the power takeoff for mechanical
operation of attached equipment, rubber tires in the 1930's,
and other technical improvements that have progressively
in creased efficiency.
A curvilinear trend fitted to numbers of tractors other than
garden types indicates a rate of growth of around 5 percent
at the present time, or somewhat more than 200,000 tractors
a year. A declining rate of increase of the trend is expected
to continue during the rest of the decade, although the
average net purchases will not change greatly.
One factor is that the number of farms likely to adopt
tractor power in the foreseeable future is limited. The 1950
Census of Agriculture revealed that 2.5 out of a total number
of 5.4 million farms were mechanized. Of the 2.9 million
farms without tractors, 1% million had no horses and mules,
were mostly small farms with low production, and can be
largely eliminated from the potential market. About 1.1
million farms had two or more horses and mules, and, except
where terrain prohibits, may be considered a prime market.
A few of the one-half million farms with only one horse or
mule might also represent prospective purchasers. Looked
at from another angle, of the farms without tractors, only
1.3 million comprise more than 50 acres.
If 3.5 million farms should possess tractors by 1960 this
would represent a smaller rate of increase in mechanized
farms in this decade than occurred during the 1940's. But
as the limit to the extensive market is approached, it is
probable that sales to farmers still without tractors will be
progressively harder to make.
A factor of greater relative importance in recent years is
the increasing number of tractors per mechanized farm. This
ratio increased from 1.11 in 1940 to 1.36 in 1950, or more
than 2 percent a year. The increasing size of farms and the
increasing amount and variety of auxiliary equipment point
to a continuation of the trend.
These two factors together point to a decline in the rate of
growth in total tractor stocks to around 3^ percent by 1960,
which would correspond to an absolute net increase in stock
averaging about 200,000 a year for the period.
The discard computations indicate that replacement demand will rise from around 200,000 at present to approach
300,000 a year by the end of the decade. Most of the calculated increase takes place after 1958, when the large number
of postwar purchases will begin to wear out or become obsolete, based on the 1941 survival curves.
Business motor vehicles
Trucks and automobiles have greatly speeded up the farm
transportation job, and made available markets that were
inaccessible with team and buggy. Numbers of trucks on
farms increased almost as rapidly as tractors up to 1930,
when 0.9 million were in use. But by the end of 1940 the
number had reached only 1.1 million. Thereafter, the increase was quite steady and by the beginning of 1953 there
were 2.5 million trucks on farms.
It seems quite possible that a rate of increase close to the
more than 4 percent a year that prevailed from 1930 to 1952
can continue for some years. In 1950, only 1.8 million farms
21
were equipped with trucks, which suggests that the potential
extensive market is less saturated than in the case of tractors,
As to the intensive market, the number of trucks per farm
reporting one or more trucks has increased slowly, the rate of
growth amounting to almost one percent a year between
1940 and 1950.
In line with the tendency of truck numbers to increase at a
decreasing rate up to 1930, however, additions will probably
not exceed 100,000 for the rest of the decade. This implies
a smaller decline in the rate of increase than in the case of
tractors.
Total truck sales may be expected to increase, however,
since discards will rise from over 200,000 computed for the
current year to around 300,000 by the end of the decade.
The potential replacement market will continue to rise
throughout, since farmers were permitted relatively high
truck purchases during the war.
Automobiles on farms, partly due to their predominantly
personal use, became an important factor earlier than trucks.
By 1920 there were almost 2K million cars on farms, and by
1930 more than 4 million. Since 1930, stocks have grown
but slightly—to 4.3 million by 1940, and 4.4 million at the
beginning of this year. The prospect is for little change in
numbers of automobiles. With a downward trend in the
numbers of farm families, this means a slow increase in the
proportion owning automobiles, which is consistent with a
gradual rise in real income.
Table 2.—Farm Capital Stocks in Constant (1947) Dollars
Index numbers, 1930=100
A vcragc annual per sen t chan ges
1930
1910-1952 1910-1930 1930-1952
1910
1952
Total stock of fixed capituL
53
100
154
2.6
3.2
Total including workstock.
57
100
147
2.3
2.8
1.8
Service buildings
81
100
113
0.8
1.0
0.6
Farm machinery and
power
32
100
183
4.2
5.8
2.8
Machineiy..--
47
100
224
3.8
3.8
3.7
Power
24
100
161
4.7
7.5
2.2*
124
100
31
-3.3
-L 1
100
i
190 !
.
Horses and
mules
Tractors,
trucks, autos^
1
I
2.0
-5.2
2.9*
Thus, the market for automobiles in farm areas is a replacement market. It is estimated that it is upwards of 0.4 million
at present. This number is expected to decline during the
mid-1950's, reflecting small wartime purchases. By 1960,
the farm automobile replacement market will be rising, but
still below recent levels.
Workstock
Since World War I, the numbers of horses and mules on
farms have declined every year. From a peak of almost
27 million at the beginning of 1918, the number has dropped
to less than 6 million in early 1953 as tractors and motor
vehicles progressively displaced the work animals.
The curtailment in workstock has largely been effected by
restricting the birth of colts, which is now down to a very low
level. If the recent numbers of new colts produced per year
is extrapolated, and deaths computed by applying mortality
curves to previous years' births, it is estimated that total
numbers of workstock will be below 3 million in 1960. This
implies somewhat smaller absolute declines in the future than
the 0.6 million average of the past 35 years. During the
following decade, the process that has resulted in shifting;
22
SURVEY OF CURRENT BUSINESS
millions of acres of land to production for human consumption
from production of farm capital will be brought to completion.
Farm machinery
Due to the wide variety of farm machinery and equipment,
capital stocks in this category are discussed in terms of constant dollars. The technological revolution in farming which
began more than a century ago at the time of McCormick has
continued with the gradual extension of automatic machinery
to the various phases and types of farming, progressive improvements in machinery models, and the replacement of
most of the older horse-drawn machines with machinery
adapted to integral use with tractor power. Some new types
of machines have been devised for operations not previously
mechanized. Recent examples are cotton pickers, forage
harvesters, and pickup balers, sales of which increased
rapidly since the war. The bulk of the market for faun
machinery, however, is for replacement and for expansion—
onto farms in the process of mechanization, and to accomodate increased output on already mechanized farms.
The long-term trend of stocks of farm machinery has been
remarkably stable. From 1910 to 1930, stocks increased at
an average annual rate of 3.8 percent. Between 1930 and
1952, the rate of growth was 3.7 percent. In the latter period,
almost half the increase was to accommodate expanding
output, while the rest represented an increase in the capital
coefficient.
It seems likely that something close to the past rates of
growth will continue for sometime to come. It should be
noted that the average rate of growth is significantly less than
that in the past few years, when deferred demand was strong.
Once the adjustment to a more normal rate of purchases is
made, however, farm machinery sales may be expected to
increase for the rest of the decade. This will be due chiefly
to a steady and accelerating increase in replacement demand.
By the final years of the decade, total estimated
normal purchases rise by more than $50 million a }Tear, in terms of 1947
prices.
Farm nonresidential structures
Farmers increased the physical volume of service buildings
and other nonresidential construction both absolutelv and
relative to output from 1910 to 1920. While the volume of
service buildings remained fairly constant in the 1920's, it
declined slightly relative to output, as shown by the chart.
From 1930 to 1945 the decline was more pronounced. The
stock of service buildings has been built up to a new peak in
early 1953, and although the capital coefficient has also increased, it is still below the ratio of the 1920's.
This movement can be explained by two chief factors. In
the first place, the ratio to output of the numbers of equipment items plus works toek which had increased up to 1918,
declined somewhat during the 1920's and even more fr3in
1930 to 1946. Thus, the requirements for barns, garages, and
other buildings to shelter the workstock and equipment declined. Since 1940, however, the increase in machinery numbers has more than offset the continued drop in numbers of
horses and mules, relative to output.
A second factor was the depressed levels of farm income in
the 1930?s. Under these circumstances, farmers tended to
confine their capital outlays to those promising the largest
immediate payoff, which were generally equipment items.
Some types of service buildings could be adapted to new uses,
and replacement deferred. With higher incomes after the
war, there was more incentive to make up the deferred replacements, and provide for the necessary additions to plant.
This has been accentuated by an increasing tendency among
farmers to take better care of their equipment.
August 105;
If the projected increase in farm o u t p u t and in the numbei
of farm machinery items is used in extrapolating net growtl
of service buildings, the prospective increases may be expected to fall from the postwar rates to around 2 percent z
year, or $0.3 billion in 1947 prices. Computed normal replacements average somewhat less than this amount, and
remain relatively constant throughout the decade, since it is
the buildings of some decades back that are being replaced
or supplanted. This projection is particularly tenuous, however, since pressures on income may result in new construction once again giving way to equipment purchases, in which
obsolescence is a more dynamic factor. It should also be
noted that around 40 percent of farm building is done by
farm labor, and to this extent represents demand for building
materials, but not contract construction services, from the
nonfarm economy.
Summary of growth and replacement prospects
Based on the analysis of growth of the major types of farm
fixed capital, the estimated normal growth in 1953 would
amount to around $1 billion in 1947 prices. This implies a
larger rate of increase in total stocks than during the period
1920-52, chiefly because a higher rate of additions to nonresidential structures seems reasonable. The rate of increase in farm equipment is virtually in line with the past
trend.
Total replacement demand is estimated to be around 1.2
billion in 1947 dollars. Thus, total normal farm capital demand is computed to be about four-fifths the actual outlays
of $2.87 billion in 1952, in terms of 1947 prices. The present
readjustment in the farm economy has already brought investment down within range of the estimated sustainable
rate. If the current decline in farm income goes further, the
immediate drop could, of course, be greater. The consensus
of farmers as to the outlook will also be significant in regard
to the short-run movement of fixed investment.
It is of importance that the current readjustments in farm
income and investment are taking place while nonfarm income
and investment are rising, so that total economic activity
remains high. If the nonfarm economy remains at a high
level following the current farm adjustments, the subsequent
outlook for farm investment is not unfavorable.
The conclusion from the preceding trend analysis is that
farm capital outlays will continue at a relatively stable rate
for several years, then experience substantial expansion.
Assuming high-level business activity, net additions to capital
stock will proceed at a relatively constant amount throughout
this decade, implying a slow decline in the percentage rate
of increase. The volume of discards requiring replacements
is also computed to remain relatively stable until about 1957,
when it will begin to expand by around $100 million a year
(1947 prices), reflecting the large volume of postwar machinery and equipment purchases reaching scrappage age.
This type of trend analysis is not a forecast, since it is
based on the assumption that business conditions remain
favorable, and that past economic trends and relationships
will prevail in the future. If, for example, technological
innovations in farm machinery were speeded up, increasing
the obsolescence factor, farm capital outlays might increase
more than projected. If trends in farm income relative to
nonfarm income became progressively more or less favorable
than in the past, investment would be affected accordingly.
Technical Footnotes
I. Tbe estimates of farm producers' fixed investment are an interim series prepared for
this analysis. The revised estimates of producers' durable equipment on which they are
primarily based are still preliminary and the revisions arf not yet incorporated into the gross
national product estimates. They are, however, available in processed form from the Office
of Business Economics.
The estimates shown here incorporate all the agricultural machinery component and the
estimated farm portion of the tractor component of the revised producers' durable equipment
SURVEY OF CURRENT BUSINESS
estimates. The farm portion of tractor sales is estimated on the basis of Census Bureau data.
Farm purchases of trucks and automobiles for business use are segments of the Bureau of
Agricultural Economics estimates of farm capital expenditures as most recently published,
but now in process of revision.
The preliminary revised Office of Business Economics producers' durable equipment
estimates differ from the previous series and from the present Bureau of Agricultural Economics series in that capital outlays charged to current expense are not included. They also
differ from the present Bureau of Agricultural Economics series in that replacement parts are
excluded, and in that the markup adjustments applied to manufacturers' sales have differed.
It is expected, however, that the revised series of both agencies will be consistent in these
regards.
The Office of Business Economics series is not a completely comprehensive measure of
farm purchases in that farmers' purchases of several producers' equipment items not classified by the Standard Industrial Classification as agricultural (such as engines) are included
in other segments. The Bureau of Agricultural Economics series includes these farm purchases, and is thus the more complete series. Such purchases have amounted to less than
5 percent of the total, however, and it is believed that the series used here gives a reasonably
23
accurate picture of the movement of farm capital outlays for analytical purposes, pending
completion of the revised series of the Bureau of Agricultural Economics.
For present purposes, the estimates of farm machinery and tractor purchases were extrapolated back of 1929 on the basis of data contained in William H. Shaw, Commodity Output,
Since 1869, National Bureau of Economic Research, New York.
2. For estimates of the gross national farm product, and a discussion of the concept, see the
September, 1951 SURVEY^OF CURRENT BUSINESS.
3. The regression
equation, fitted to the data for the period 1910-41, exclusive of 1918, is:
Y = 1.0045 X '-os 19 , where Y = farm fixed productive investment, including gross purchases of
workstock, and X=net cash income of farm operators before capital expenditures; the coefficient of correlation r = .95. The income series is contained in a publication ol the U. S. Department of Agriculture, Bureau of Agricultural Economics: "The Farm Income Situation,"
August-September 1952, page 43, Table 17, columns 8 plus 4.
4. American Society of Agricultural Engineers, ''Report of an Inquiry into Changes in
Quality Values of Farm Machines Between 1910-14 and 1932," St. Joseph, Michigan, June,
1933.
5. The average life implicit in the discard schedules for each of the major categories of farm
fixed capital is as follows, in terms of number of years: agricultural machinery and equipment,
16; tractors, 14; automobiles, 11; motor trucks, 10; nonresidential structures, 34.
Review of National Income and Product in the Second Quarter
(Continued from page 6)
tures has represented less than one-fourth of the advance
in total final expenditures.
With current operating expenditures now maintained at a
fairly uniform level—reflecting the stabilization of the size
of the Armed Forces—almost all of the second-quarter rise
in national security outlays continued to be concentrated in
major procurement items and new construction, including
offshore installations. The advances in these categories
were mainly in direct Defense Department outlays, although
there has been some variation in the flow as between outlays
for domestic account and foreign military aid. The latter
took a sharp spurt from the fourth to the first quarters, but
was down moderately again in the second.
Purchases of goods and services under most of the sup. plernentary national security programs, mainly atomic energy, stockpiling, and foreign economic aid, continued to
show little change in the aggregate.
Federal purchases other than for national security purposes were at an annual rate of $6 billion, down $% billion
from the first 3 months of the year. Despite this decline,
outlays for the first half of 1953 were 15 percent higher
than a year ago, primarily because of a sharp rise in farm
price-support operations. The persistent drop in agricultural prices resulted in Commodity Credit Corporation outlays at an annual rate of approximate!}" $1% billion in the
first half of 1953 as compared with outlays only one-tenth
as large in the corresponding period of last year.
State and local government expenditures, at an annual
rate of $24^ billion, also registered a small decline from the
preceding quarter. This was traceable primarily to the
important construction segment of these outlays. Unusual
weather conditions appear to have played a large part in
this movement. On the one hand, the mild weather permitted higher-than-normal levels of highway and other construction activity during the winter, while on the other, the
unusually heavy and protracted rains in April and May
interfered with the normal spring pickups.
The Flow of Income
Personal income, at an annual rate of $284^ billion in the
second quarter, continued the uninterrupted series of quarterto-quarter rises that have been in progress for the past 4
years. The decline in farm net income, however, limited the
rise to $3 billion (annual rate).
Rise in private payrolls
The second-quarter rise in wages and salaries exceeded
the increase in total personal income. With an advance of
$3,l-2 billion, these reached a rate of $198 billion annually—
about $18 billion higher than in the corresponding quarter
a year ago. As compared with the previous half year, the
second quarter increase was more evenly distributed among
the major industrial groups. In the earlier period, the
strong pick-ups in heavy industry following last year's steel
strike had resulted in a disproportionately large share of
the total payroll increase going to manufacturing industries.
Within the manufacturing sector, the largest rise from the
first to second quarters occurred in the electrical machinery
industry, where payrolls were almost one-fourth higher than
a year ago. Other industries in durable goods manufacturing
have shown even larger percentage increases since the second
quarter of 1952—notably transportation equipment (including automobiles) and primary and fabricated metals. These
industries, however, displayed little change from the first to
the second quarter of this year.
Payroll increases in the nondurable-goods manufacturing
industries were relatively small, as they had been in the preceding quarter. The principal advances were in chemicals,
paper, and printing. There was a small decline in food processing, but textile payrolls, which had receded in the opening months of the year, leveled off in the second quarter.
Increases in employment and in average hourly earnings
were of about equal importance in the moderate advances in
manufacturing payrolls, with the average workweek showing
fractional declines from the preceding period. In the latter
part of the quarter, wage contract negotiations in some of
the durable goods industries—notably steel, automobiles,
and electrical machinery—gave rise to further wage-rate
increases which will be more fully reflected in third-quarter
payrolls.
In the other commodity producing industries, mining and
contract construction payrolls exhibited moderate declines
while farm wages increased. The latter was mainly attributable to the greater-than-seasonal rise in farm employment
during the quarter to make up for delays caused by adverse
weat her conditions.
In the distributive industries, as well as in the services and
finance group, payrolls continued to rise in the spring quarter. The increase in wholesale and retail trade was about
the same as in the preceding quarter and mirrored the high
levels of consumer spending. Transportation, communications and public utilities also moved upward. Total payrolls
in these industries in the first half of 1953 were about 7
percent above a year ago.
Total Government wages arid salaries rose moderately to an
annual rate of $33% billion, with the rise divided about equally
between the Federal and the State and local levels. As compared with the second quarter of last year, payrolls in the
latter sector were higher by approximately $1 billion (annual
rate), whereas Federal payrolls showed virtually no change.
SURVEY OF CURBEXT BUSINESS
24
Decline in farm net income
Proprietors' and rental income was at an annual rate of
$49% billion in the second quarter compared with $50% billion
in the first. The decline was attributable to the further drop
in the net income of farm proprietors as nonfarm business,
professional, and rental incomes held firm.
As shown in the following summary, farm net income has
dropped markedly since the second half of 1951, when it was
higher than in any past period except 1948.
Billions of dollars
(seasonally adjusted, at annual
rates)
16. 0
1951—Second half_
1952—First half
Second half
.
1953—First half
15. 0
14. 6
Although transfer payments were stable in total from the
first to second quarters, some of the principal components
displayed sizable shifts. Social security benefit payments
continued to advance appreciably as a consequence of the
liberalization of the old-age and survivors' insurance and
public assistance programs which became effective September 1 under the terms of the Social Security Act Amendments of 1952.
On the other hand, there were appreciable declines during
the quarter in war claims payments and in mustering-out
pay to Korean veterans. Disbursements of mustering-out
pay began in July 1952 and during the next several months
were swelled by retroactive payments to veterans released
prior to the start of this program. With retroactive payments now largely completed, the second-quarter outlays
were principally for current discharges.
12. 9
In 1952, with total crop and livestock marketings fairly
stable, the decline in farm income (including the net change
in farm inventories) primarily reflected higher production expenses and a lower rate of farm inventory accumulation. In
the first half of this year, however, the value of aggregate
marketings moved downward from the level prevailing in the
preceding year and a half. The effect of this change on
farmers' net income was mitigated by a moderate drop in
production expenses.
In the main, the decline this year in receipts from maiketings reflected reductions in farm prices stemming from the
unusually large supplies and the sharp decline in farm exports.
In the first 5 months of this year, exports of grain were onethird below the same period of last year, and cotton exports
were off one-half. The weakness in livestock prices was aggravated by the serious drought in the Southwest, as noted
earlier in this review.
Interest and dividends edge upward
Personal interest income and dividends contributed moderately to the increased flow of personal income during the
spring quarter. Dividends edged upward in the first half of
1953 to a seasonally adjusted annual rate of $9.4 billion. This
was fractionally above the 1952 annual total.
First quarter corporate profits
With the recent availability of requisite data, corporate
profits before taxes have been estimated for the first quarter
of 1953 at the seasonally adjusted annual rate of $44% billion.
Approximately one-half of the $4 billion rise over the fourth
quarter of last year reflected the inclusion of inventory gains
and losses in reported book profits. Corporate profits
earned in current production—book profits adjusted to exclude inventory profit or loss—rose from an annual rate of
$41.7 billion in the fourth quarter of 1952 to $43.6 billion
in the first quarter of this year. This latter estimate places
the national income total for the first quarter at $306K
billion, about $5 billion higher than the previous quarter.
The fourth- to first-quarter rise in seasonally adjusted
book profits was concentrated in the manufacturing industry.,'
Advances also occurred in transportation and trade, offset
by a sizable decline in mining. Other major industries
registered moderate advances.
Corporate profits after taxes amounted to the annual rate
of $20.3 billion in the first quarter of this year—$7% billion
below the peak reached in the final quarter of 1950 but
higher than earnings in any quarter since the first of 1951.
National Income and Gross National Product Series, 1929-52
THE JULY 1953 issue of the SURVEY OF CURRENT
BUSINESS provides the latest National Income and
Product data covering the years 1949-52. This presentation gives to subscribers the currently official
figures on fundamental measures of the national
economy.
For completely revised series back to 1929, with
detail for all component segments, reference should be
made to the previously published NATIONAL INCOME
SUPPLEMENT to the SURVEY OF CURRENT BUSINESS.
The SUPPLEMENT contains, in addition to extensive
statistical tables incorporating the revisions, an explanation of important changes in fundamental concepts
and procedures underlying the data. That publication
furnishes to business managers and analysts, economists,
and students the basic data to which all subsequently
published national income and gross national product
figures are related.
The National Income
Supplement TO T H E
Survey of Current Business
PRICE
Available from the Superintendent of Documents, Government
Printing Office., Washington 25, D. C., or from your nearest Department of Commerce Field Office.
BUSINESS STATISTICS
WlontkL
THE1 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.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
vided through the courtesy of the compilers, and are subject to their copyrights.
Data from private sources are pro-
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June
July
August
1953
September
October
November
December
January
U
S?J
dryT ~
March
April
May
June
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT t
Seasonally adjusted quarterly totals at annual rates:
National income, total _
bil. of dol
Compensation of employees, totaldo
Wages and salaries, totaL ... _ _ __ _ _ d o _ .
Private
-~ _ _ _
do
Military
__ . _
. do
Government civilian . _
do
Supplements to wages and salaries . _ do .
Proprietors' and rental income,
totaled do
Business and profession aid71
- - - -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
287.9
189.5
180.1
147.7
10.4
22.0
301 4
201 3
191.3
158 3
10 4
22 6
10 0
51 1
26 7
14 0
10 3
306 5
204. 5
194.5
161.3
208.0
9.5
51. 5
26.3
15.3
10.0
290 4
194. 1
184.4
151.5
10.6
22 4
9. 6
51 5
26. 1
15 2
10 2
16.6
50.8
27.0
13.4
10.4
10.0
49.7
27.0
12 3
10.4
39 9
38.2
20.1
18.0
1.7
6 9
37 7
37 0
19.4
17 5
.7
7 1
41
40
21
19
1
7
43 6
44.4
24.1
20.3
-.8
7.6
— 6
7 7
Gross national product, total
do...
Personal consumption expenditures,total do
Durable goods
do
Nondurable goods
do
Services
_.
do
Gross private domestic investment
do
New construction
do, _ .
Producers' durable equipment . , . do
Change in business inventories
do
N e t foreign investment
-_..._
do
Government purchases of goods and services,
total
bil. of dol
Federal (less Government sales)
do
National security 9
_ _ _ _ _ _ do_ .
State and local __ _ _
__ _ .
do
345.1
217.2
27.4
118 0
71 8
49 6
23 4
25.6
.7
5
345 3
217.2
25 1
118 7
73 3
52 3
23 1
24.9
4 2
2 0
361 1
224 4
28 2
121 1
75 1
57 9
23 9
25 5
8 5
16
77 7
54.7
49 8
23.0
77
54
49
23
§
6
2
1
80
56
50
24
Personal income, totaL _ _ _ __
_
Less: Personal tax and nontax payments
Equals: Disposable personal income
_
Personal saving§ _ _ _ _ _ _
266.0
271
34
236
19
4
8
6
4
278
35
243
18
do
do
_do
do
34 3
231. 7
14 5
7
3
2
1
4
4
r
198.0
164. 5
362. 0
2.9
2.1
372
230
30
122
77
61
25
26
8
2
4
4
7
1
6
0
3
9
8
5
4
4
5
0
82.4
57.4
51.6
24.9
83
58
53
24
5
9
5
6
3
3
0
6
281.6
36.2
245. 4
17.7
284
36
247
17
4
7
7
2
227.7
30.2
121.2
76 3
r
54 0
25.0
••26.2
1
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol
Waue and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries-. _ _
_ do
Service industries _ _ _ _ _ _
do
Government
do
Wage and salary receipts, total _. _ .do
Other labor income _ _ _
do
Proprietors' and rental income
do
Personal interest income and dividends__do
Transfer payments _ ___ _
do
Less personal contributions for social insurance O
bil. of dol__
Total nonagricultural income
do
268 1
181 6
78.2
48 5
21 8
33 1
178 0
4 7
52 2
20.9
12 6
266 3
180. 3
75.8
49.5
22.2
32 8
176.7
4. 7
51 5
20.9
12 7
271 3
185.4
80.6
49 5
22 2
33 1
181 9
4 7
50 6
21.0
13 4
276 4
188 4
83.8
49 4
22 3
32 9
184 8
4 9
52 5
21.2
13 3
277 3
190 2
84.7
50 0
22 4
33 1
186 6
50
51 4
21.3
13 3
277 2
191 4
85. 6
50 0
22 5
33 3
187 8
51
50 0
21.4
13 1
280 6
192 5
87.0
50 1
22 Q
3.9
3. 8
3. 8
3.9
3.9
247.4
246. 0
251.9
255.7
258. 0
281 0
194 6
88.0
50 6
22 8
33 2
190 9
5 1
50 2
21.7
13 3
283 6
196 2
88.8
50 9
23 2
33 3
192 4
5 1
^0 7
21.9
13 7
289 7
196 6
88.8
51 0
23 4
188 7
51
51 8
21.5
13 6
192 8
86.8
50 2
22 7
33 1
188 8
51
51 6
21.6
13 5
3.8
3.9
4.1
3.9
4.0
4.0
4.0
4.1
259. 1
261. 6
261. 1
263. 3
265. 4
265. 5
' 267. 2
268. 7
09 o
980
PJ
00
r
r
90 A 7
JQO A
r
89. 3
90
Q
oo a
A
192 8
5 1
r 1Q4 9
22.0
22.1
io a
285 9
199 3
89.7
52 1
195 5
C
10
r
1
22.3
I 0
C
NEW PLANT AND EQUIPMENT
EXPENDITUR ES{
All industries, quarterly total
mil. of dol..
6,808
6,244
i 7 244
6,147
7 265
Manufacturing
do____
3,156
2,820
i 3 241
2,747
3,367
Mim'n g
do
228
206
1 99Q
199
229
Railroads .. ._ _ ..... ...
_
do
386
289
i j.1 1
357
310
Transportation, other than rail
do
i 3,^
372
302
31 1
335
Public utilities
_ _
do
928
947
i i 216
1 142
904
Commercial and other _ _ _ _ _ _ ._
do
1,738
1, 680
1,835
1,675
1 1.810
r
Revised.
Estimates based on anticipated capital expenditures of business; those for July-September 1953 are shown on p. 3 of June 1953 SURVEY.
fRevised series.
Quarterly estimates of national income and product and quarterly and monthly estimates of personal income have been revised beginning 1949; see pp 28-32 of the July
1953 SURVEY for the data..
^Includes inventory valuation adjustment. .
9 Government sales are not deducted..
§Personal saving is excess of disposable income over personal consump-ross national product
roduct above.
Data tthrough
h r o u h 1951 rrepresent
e r n employee
m
tion expenditures shown as a component of gross
©Data
contributions only; thereafter, personal contributions of self-employed persons are also included.
JRevisod beginning 1939. Revisions for 1939 and 1945-50 appear on pp. 20 and 21 of the August 1952 SURVEY; those for 1951, on p. 9 of the March 1953 issue. *
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
August
1952
line
July
August
September
1953
October
November
December
February
Jan
Marcb
April
Mav
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS:
Cash receipts from farming, including Government
payments, total
mil. of doL.
Farm marketings and CCC loans, total
do
Crops
- do. .
Livestock and products, total
do
Dairv 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
2,381
2,361
851
1.510
427
769
271
2,711
2,697
1,235
1,462
3,620
3,609
1,926
1,683
370
984
316
4,123
4,098
2,303
1,795
410
759
269
2,882
2,874
1,377
1,497
394
812
278
330
3,546
3,528
1,877 •
1,651
346
911
384
356
301
398
407
436
385
434
487
394
544
681
443
618
814
472
139
108
162
154
165
145
161
182
145
196
237
164
205
194
218
215
203
228
249
140
155
169
148
352
210
195
246
232
139
150
165
143
331
201
184
241
225
237
169
266
339
229
1,934
1,897
522
1,375
311
654
231
2,025
2,000
618
1.382
357
725
290
410
470
365
283
238
317
302
218
364
286
184
362
180
197
168
164
183
149
115
93
131
122
81
153
118
68
156
235
233
232
236
240
246
246
245
250
255
301
281
164
189
151
363
237
231
251
305
283
160
191
143
371
241
236
251
310
286
151
196
128
385
246
241
259
312
287
151
189
132
393
250
243
266
319
290
158
191
142
398
259
246
293
232
263
167
267
353
247
235
267
173
262
371
265
226
252
167
245
376
272
214
231
165
210
392
282
209
209
155
227
391
283
195
159
299
568
116
95
129
185
214
138
234
201
159
305
567
111
95
123
192
173
154
279
200
173
309
578
112
104
118
178
133
169
190
199
163
313
595
114
107
120
165
106
190
114
193
142
314
598
107
99
112
161
107
208
100
159
153
259
67
225
145
225
147
111
343
103
179
188
180
280
169
231
157
242
170
143
369
123
193
191
181
282
177
234
166
252
177
145
377
137
198
203
192
279
179
225
180
260
172
142
361
134
197
205
194
290
182
233
183
264
176
149
356
137
184
149
161
74
102
193
74
144
155
57
91
190
81
161
161
61
102
194
164
180
180
88
144
203
178
166
167
95
93
203
164
do
204
193
215
228
230
do..
214
202
225
237
247
146
134
210
247
222
222
170
269
230
141
128
201
242
214
215
158
266
267
149
135
213
251
221
231
163
261
290
155
140
225
248
222
227
161
261
3, 072
3, 056
1,537
1. 519
1.889
1,872
669
1 203
338
826
349
2.742
2,717
1 , 331
1 386
337
780
259
532
663
435
461
544
400
220
274
179
190
217
170
232
233
242
245
269
244
160
175
152
336
213
197
251
292
270
167
183
159
354
225
216
248
216
236
160
255
287
162
231
261
169
272
300
175
187
176
296
563
102
90
111
165
217
147
124
181
186
295
565
90
77
98
174
215
137
179
do...
do
do
do
do.
do
_-do.
do
-do.. _
do
do
_do
182
177
251
72
216
175
246
154
133
312
112
197
do
do
do
do
do
-do
365
365
692
302
1,979 !
1, 945
520
1,425
407 i
'• 2. 156
" 2. 130
r 710
* 1 420
r 402
318 ;
673
f 696
f 294
203 1
184 I
375 I
i
r 321
r 251
"374
'69
161
r 136
r 96
r 167
240
'240
* 242
254
' 253
* 254
326
297
163
194
146
405
259
243
301
325
292
168
190
157
402
263
248
299
'322
184
' 139
••399
' 263
'252
' 290
* 322
f 288
*' 161
> 183
" 149
* 400
' 263
f 254
" 285
216
212
157
248
403
297
227
224
161
271
412
308
230
249
160
261
415
311
'238
t 236
191
134
311
595
117
103
126
153
98
199
93
194
144
313
598
122
109
131
149
109
166
90
197
161
319
607
116
97
129
150
128
166
85
196
165
322
615
113
102
119
150
162
159
89
' 198
195
185
291
186
229
172
272
169
141
337
138
159
200
191
293
188
230
168
268
169
140
350
130
178
207
198
293
188
231
178
270
173
149
338
142
184
211
201
289
189
225
187
275
173
148
352
137
183
210
200
287
187
225
187
272
168
141
355
127
174
170
177
87
135
202
131
163
176
71
125
207
84
159
172
60
116
204
84
158
170
60
109
205
87
157
168
52
107
204
90
163
167
47
113
201
134
' 159
165
234
235
236
240
243
241
' 240
' 241
242
245
247
249
254
258
255
'253
300
155
138
237
251
224
231
163
254
304
161
146
240
251
221
233
162
242
313
165
149
246
258
221
254
160
225
316
171
162
250
266
223
257
168
232
322
175
166
259
293
233
279
166
255
328
172
161
259
300
238
273
169
271
326
168
157
263
299
234
262
165
261
321
151
134
263
290
231
246
' 321
' 152
t 136
•'• 263
' 286
i 9 '-{'•}
160
'• 164
199
1
1,088
••121 i
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
.1935-39=100.
Manufactures
-
-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_ ..
Stone clay, and glass products
Cement
Clay products
Glass containers
Transportation equipment
Automobiles (incl parts)
do
do
do
do
-- - do
do
Nondurable manufactures
_do_
Alcoholic beverages
do
Chemical products
do
Industrical chemicals
__ _ do
Leather and products
do
Leather tanning
_ - - _ do.
Shoes
do
Manufactured food products
__
do _ _
Dairy products
do
Meat packing
- do.
Processed fruits and vegetables
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 indexcf
Manufactures
.
__ __.
-
Durable manufactures
do
Lumber and products . _ _
- - _ -do.. Lumber
do
Nonferrous metals
. . _ . _ . - do
Smelting and refining
do
Stone, clay, and glass products
.do ..
Cement
..
. _ ._
-do _.
Clay products
do
Glass containers
do
194
195
195
179
191
197
201
186
194
199
Nondurable manufactures
do
162
155
152
151
180
166
162
158
159
173
Alcoholic beverages
do
302
302
304
308
298
309
'314
299
'310
310
Chemical products
do
112
112
116
113
103
91
119
117
107
116
Leather and products
do
103
97
103 i
92
97
103
81
101
98 i
100
Leather tanning
do
164
165
168
161
162
164
165
168 !
166
165
Manufactured food products
do
146
148
148
147
152
154
145
147
151
151
Dairy products
do
158
169
170
176
174
170
169
179
148
147
Meat packing
do
123
143
124
147
128
143
154 ;
161 :
138
143
Processed fruits and vegetables
do
p
' Revised.
Preliminary.
JRevisod annual totals for 1910-44, incorporating changes in methods of estimation and adjustments in production, disposition, and prices, are shown on p.
SURVEY; revisions beginning 1945 to adjust to benchmarks indicated by the 1950 Census of Agriculture will be available later.
cf Seasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.
198
164
319
291
' 154
259
' 160
* 163
'404
' 408
r 300
300
111
' 104
' 116
' 156
202
154
'99
* 322
»• 626
'• 162
r 153
»• 108
209
199
> 209
'289
f 300
189
' 230
187
269
' 173
f 240
* 178
f 174
143
' 367
142
366
174
' 174
' 168
' 174
'• 176
170
66
113
203
r
r
r
113
103
164
1 56
171
154
r
fi6
125
' 207
r- 253
199
155
320
111
104
' 163
152
146
v 199
164
'320
'619
152
'• 324
' 162
f lri'<
'• 140
23 of the Decr-mbor
SURVEY OF CURRENT BUSINESS
1033
I
tlfiles« otherwise stated, statistics through j
1950 and descriptive notes are shown in the j
1951 Statistical Supplement to the Survey
S-3
1953
1952
June
July
August
September
October
November
December
January
February
April
March
May
June
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIA L PRODUCTION—Continued
Fedtral Reserve Index— Continued
A djustedcf— Continued
Manufactures— Continued
N on durable manufactures — Continued
Paper and products
1935-39=100-.
Paper and pulp
do
Printin*' and publishing
do
Tobacco products
do
205
194
196
185
200
191
207
197
211
201
209
199
P209
175
181
168
172
173
179
180
194
183
194
181
184
184
174
P179
164
145
171
138
168
117
164
120
163
123
162
125
164
145
' 166
' 143
v 170
v 139
46, 288
23, 663
11,510
12,154
9, 055
2,793
6,262
13, 570
4,505
9,065
48, 344
24, 753
11, 968
12, 785
9.389
2. 931
6, 458
14, 202
4,844
9, 358
46, 229
23, 430
11,676
11, 754
8,773
2,737
6,036
14,026
4, 769
9,257
48, 023
24, 276
11,913
12,363
9,337
2, 962
6, 375
14,410
4,871
9,539
47, 383
24, 292
12, 195
12,097
8, 951
2,777
6,174
14,140
5, 000
9. 1 40
48, 827
25, 170
12, 828
12, 342
9,143
2,929
6,214
14,514
5, 304
9,211
49, 104
25. 469
12, 821
12. 648
9, 198
2, 952
6,246
14, 437
5,211
0, 225
' 49, 977 r 49, 375
r
* 26, 226
26, 850
' 13, 238
13, 490
r
' 12, 988
13, 360
' 8, 713
S K58
' 2, 846
2,897
' 5, 867
5, 961
14,269
' 14, 436
5,128
5,113
' 9, 308
9, 1 56
49, 199
26, 118
12.949
13, 169
8.621
2, 892
5, 729
14, 460
5, 042
9,419
72, 714
43, 107
23, 200
19, 908
9, 862
4, 934
4,928
19, 745
8, 626
11.119
73, 437
43, 224
23, 292
19, 932
9 932
4,964
4,968
20, 281
8, 956
11,325
74, 189
43,415
23, 615
19, 800
10, 122
4,986
5,136
20, 652
9. 175
11, 477
74, 682
43, 596
23, 835
19, 761
10, 191
5,084
5, 107
20, 895
9,384
11,511
74, 757
43, 824
24, 292
19, 532
10, 129
5, 079
5, 050
20, 804
9 352
11,452
74,619
43, 766
24, 392
19, 374
10, 039
5, 084
4, 955
20, 814
9 539
11,275
74, 941
43, 848
24, 480
19, 368
10, 120
5, 219
4,901
20, 973
9, 905
11,068
75, 335
44. 056
24. 746
19, 309
10. 183
5, 336
4,847
21.096
10, 084
11,012
' 76, 466
' 44, 565
25,122
r
19, 444
10,244
5, 322
4, 922
21, 656
10,396
11,260
' 76, 836
' 44. 970
r
25, 420
^ 19, 550
MO, 323
5. 349
' 4, 974
r
21,543
MO, 252
' 11.291
77, 550
45, 496
25, 799
19, 696
10, 399
5,27i
5, 125
21.655
10, 322
11.333;
20, 051
8,844
11.207
22, 605
10,579
12,026
24, 700
11,905
12, 795
26, 488
12, 787
13, 701
23, 408
11,510
11,898
24 315
12 172
12 142
23, 888
11.747
12, 141
24, 184
12, 274
11,909
26, 738
13, 581
13, 157
' 26, 219 r 25, 302
M2.893
13,456
' 12, 410
'12,763
25,813
13.212
12,601
21,888
10,060
991
1 , 085
1,154
1,964
1,815
736
350
597
483
265
619
21,858
9,777
1,113
1,184
1, 106
1,942
1,167
790
377
621
497
302
678
21, 898
10, 437
1,930
1,053
1,168
1,833
1,309
23, 663
11,510
2,107
1,156
1,256
1,966
1,831
24, 753
11,968
2,198
1,263
1, 205
2,068
1,842
23, 430
11,676
2,100
1,177
1,238
2, 060
1,826
24, 292
12,195
2,082
1,397
1,256
2, 138
2 068
25, 170
12, 828
2, 115
1,481
' 1, 342
2,204
2,164
25, 469
12, 821
2,150
1, 446
1, 347
2,137
2,241
837
315
786
361
596
518
255
623
94 97ft
11 913
9 048
1 287
1, 259
2, 053
1 99Q
819
362
727
497
310
629
721
509
312
590
766
571
311
723
717
585
331
719
' 26, 850 ' 26, 226
' 13, 238
13,490
2, 258
2,296
1,589
1, 507
1,316
1, 361
2,224
2,097
2,344
2,311
' 885
878
373
'377
800
' 745
538
'590
365
'370
766
'738
26,118
12,9^9
2, 191
1.472
1,376
2. 044
2, 263
819
370
760
606
362
686
Nondurable-goods industries, total
do
Food and kindred products
do. ..
Beverages
do
Tobacco manufactures
do
Textile-mill products
do
Apparel and related products
do
Leather and 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
11,828
3, 171
638
310
1,116
1,124
290
625
684
1,495
1,945
430
12, 342
3, 314
12. 648
3,480
' 13, 360 ' 12,988
r
3,674
3, 572
576
' 600
' 308
327
r
1 , 345
1, 242
' 1, 174
1,176
299
'301
720
'708
-781
'770
T
1,808
1, 781
2,146
' 2, 061
••508
472
13, 169
3, 467
Inventories, end of month:
Book value (unadjusted), total
do
Durable-goods industries . . _ _ _ _ _ . _ _ do....
Nondurable-goods industries
do
181
176
176
189
160
154
188
180
192
181
203
192
157
172
165
186
165
187
176
190
147
65
142
65
156
131
175
149
Business sales (adjusted), total
_ ..mil. ofdol .
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
44, 395
21,888
10, 060
11,828
8, 493
2,698
5, 795
14,014
4,883
9, 131
44, 474
21, 858
9,777
12, 081
8,949
2,817
6, 132
13,667
4,494
9,173
43, 628
21, 898
10, 437
11,460
8, 371
2,495
5,876
13, 359
4,199
9,160
Business inventories, book value, end of month
(adjusted), total
_ . _ _ -__ mil. ofdol
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
72, 913
42, 892
23, 348
19,544
9,896
4, 858
5,038
20,125
9, 030
1 1 , 095
72, 765
42, 748
22, 962
19, 786
9,890
4, 864
5,026
20, 127
8,749
11,378
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf
Sales:
Value (unadjusted), total
mil. ofdol
Durable-goods industries
do
Nondurable-goods industries
___ _ do
21,640
10, 284
11,356
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 a n d f i x t u r e s . . _ . _ _ d o _
Lumber products, except furniture
do
Stone, clay, and glass products
do
Professional and scientific instruments. -do
Other industries, including ordnance. ...do
Minerals
Metals
-
do
do
209
199
BUSINESS SALES AND INVENTORIES^
811
389
749
419
600
522
261
563
629
545
245
607
678
553
277
663
12,081
3,267
609
325
1,162
1,171
267
650
704
1,560
1,956
408
11,460
3.012
573
310
1.058
965
282
667
667
1,473
2, 003
452
12,154
3,246
534
324
1,137
1,068
275
699
678
1,602
2, 109
482
12,785
3,452
513
327
1,188
1,281
265
734
720
1,660
2,181
464
11,754
3,191
457
309
1,084
1,143
234
663
678
1,532
2, 059
403
12,363
3, 293
545
344
1, 151
1 260
288
682
691
1 558
2. 114
438
12. 097
3,211
507
499
1,767
2,067
510
42, 972
23, 518
19, 454
42, 660
23, 050
19, 610
42, 707
23, 116
19,591
42, 660
23, 147
19,513
42, 920
23, 385
19, 536
43, 243
23. 553
19, 690
43 829
24, 045
19 7S4
44 037
24, 253
19 784
44, 264
24, 539
19,726
44, 551
24, 990
19, 560
T
44, 794
25, 332
' 19,462
' 45, 287
' 25, 771
M9, 516
45 658
26, 005
19. 653
do
. do. ..
do
15, 871
11, 782
15, 320
15, 737
11, 813
15, 110
15, 699
12, 041
14, 967
15, 836
12, 132
14, 692
16 058
12, 272
14, 590
16 236
12, 268
14 739
16 414
12 516
14 898
16 106
12 735
15 195
16 030
13, 044
15, 190
16 052
13. 236
15,263
r
15 909
'' 13.371
r
15 514
T
16 ()°8
' 13,368
' 15 891
16 197
13,403
16 057
Book value (adjusted), total
do
Durable-goods industries, total
do
Primary metals
do
Fabricated metal products
do
Electrical machinery and equipment. _ _ d o
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 glass products
do
Professional and scientific instruments do
Other industries, including ordnance. ..do
42, 892
23. 348
2, 945
2, 344
3,107
5, 461
2, 562
2,202
556
1,030
937
762
1,444
42, 748
22, 962
2,928
2,235
3,062
5,314
2,517
2,248
555
1,005
929
757
1, 420
43, 107
23, 200
2 971
2, 309
3, 037
5. 280
2,641
2, 291
532
1,010
904
770
1, 456
43, 224
23, 292
3, 031
2,318
3, 031
5, 274
2, 636
2, 343
534
1,006
892
764
1,462
43 415
23,615
3,084
2 362
3,039
5, 275
2,735
2 472
533
1,019
874
778
1,445
43 596
23, 835
3 165
2 401
3,032
5,287
2, 853
2, 455
543
1,054
852
785
1, 408
43 824
24, 292
3 192
43 766
24, 392
3 156
2 439
3. 120
5 396
3,017
2. 566
595
1 , 072
879
809
1,420
43 848
24. 480
3 080
2 420
3,137
5, 445
3, 050
2, 609
544
1,076
890
808
1.422 ;
44 056
24. 746
3 070
2 446
3. 200
5. 482
3. 139
2. 643
544
1 . 092
900
794
1,438
r 44 5^6
25,122
3 083
2 507
3, 302
5 514
3, 265
2, 661
534
1 , 086
9°0
799
1,451
r
44 970
' 25, 420
T
3 132
45 4<M>
By stages of fabrication:
Purchased materials
Goods in process
_
Finished sroods
r
.
812
410
I
923
362
9 49/j
3, 096
5 411
3, 009
2, 576
518
1, 066
850
SOS
1,412
817
305
478
306
1,108
1,046
465
333
1,113
1, 038
299
736
725
307
722
754
1,667
2,014
1,715
2,081
570
325
1, 127
1. 036
292
718
754
' 3, 382
r
5, 514
' 3. 313
' 2,
635
r
5.">4
r
1 , 089
r ()35
'807
' 1,486
664
318
1, 174
1 , 258
343
741
770
1.773
2, 18H
25. 799
3 200
'> 709
,423
544
, 300
,681
, 087
9 58
SIS
1. 501
Revised.
* Preliminary.
d"See note marked 'V' on p. S-2.
SThe term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and noafarm. Unadjusted
data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.
tR<»vised scries. All components of business sales, inventories, and orders have been revised since publication of the 1951 STATISTICAL SUPPLEMENT. The latest revision (allVctine data
18 if.), and in the
nber 1952 SURVEY,
19 and 23, 24)."" "
- -- • - - — _ .„
,__,._.,.,
_ 0 , „,., _..„.....
,
Y set, pp.
SURVEY OF CURKENT BUSINESS
S-4
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August 10r>3
1953
1952
June
July
August
September
October
November
December
January
February
March
May
April
June
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSf— Continued
j
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, 544
3,473
1, 296
1,693
2,734
19, 786
19, 908
3.485
3,489
1, 259
1,720
1, 537
1, 289
1,724
2, 764
1,685
558
1,770
554
1,725
1,028
1, 007
543
972
722
3,022
2,728
884
541
973
734
3,022
2,788
877
3,010
11,140
741
3,011
2, 607
715
2,995
2, 683
2,798
19, 932
3, 443
1,268
1,726
2,833
19, 800
3 488
1,222
1 726
2,841
1, 609
19, 761
549
960
744
2,777
874
545
974
775
3,009
2,805
897
23, 061
3,450
1,202
1,742
2,743
1,618
2,597
2,648
1, 674
1,678
553
990
755
2,907
572
998
755
24, 270
25, 530
13, 138
2, 165
1 390
1,363
1,813
24, 591
12, 023
' 25, 721
12, 621
2.080
2,083
1 322
1,096
1, 894
1 . 330
1 , 684
2,991
2 651
12, 456
2,946
3,824
2,583
2 792
2, 525
12, 392
2, 946
12, 567
2,811
2,415
2, 907
13, 100
2,904
2, 335
12, 190
9,095
9, 552
9, 230
9,446
9,756
74, 478
71, 256
8 406
73, 163
70, 049
8 195
72, 520
69, 605
7 930
6,335
6^209
11,241
10,438
73, 366
70 230
7 874
6 305
73, 699
70, 492
7 843
6, 247
11,592
11,440
10, 226
10 102
9 871
73, 367
70, 201
7 838
6, 263
11, 372
9, 665
72, 432
69, 328
7 618
6, 194
11, 592
9, 558
28, 380
28, 536
29, 128
28, 067
5,737
5,820
2,915
3,136
5,963
3,208
28, 824
6, 238
3, 166
24, 152
12,328
11,452
11,441
2,194
1 375
1,311
1,883
2 211
1 289
1,324
1,926
1,855
1 169
1,184
1,999
4, 734
2,592
11,904
2,815
2, 609
12, 295
2,368
3,301
2, 265
2.252
2,789
2,118
2, 445
2,791
9, 113
9, 298
11,854
3,067
8,787
12,187
2,823
9,364
2, 451
12, 700
Unfilled orders (unadjusted), total O - --- do ._
Durable-goods industries, total
do
Primarv metals
do
Fabricated metal products
do
"Electrical machinery and equipment
do
Machinery except electrical
do
Transportation equipment, including motor
vehicles and parts
mil. of dol
Other industries, including ordnance _ _ . do
Nondurable-eroods industries, total 9
do
72, 541
69, 340
8 104
74, 985
71, 705
8 561
6, 196
75, 220
11,497
11,279
11,419
11,115
75, 662
72, 305
8 465
6* 383
11,512
10 94^
11, 501
10, 651
27, 563
27,912
6,609
3,280
6,613
3. 338
28, 587
6,417 !
28, 249
6,112
2,727
936
11,620
2,822
9.878
5,994
11,338
28, 081
5, 954
3,114
3,223
12,080
2, 027
1 408
1 , 579
1,784
2,960
r 19, 550
r 3, 198
' 1, 184
1 , 766
' 2, 671
' 1, 672
r
604
r
T
924
' 25, 606
12, 744
* 2, 206
r
r
r
2,202
2,838
r
2,885
10, 215
'987
-736
3, 005
2, 803
r
2, 969
24, 466
12, Oil
1.S34
1 203
1 366
1. 965
24, 516
1,789
1 142
1,066
1,515
3,357
2,915
2,716
19, 444
3,241
1,190
1,750
916
21,852
9,998
26, 478
6,271
3,201
2, 968
T
2,726
1,374
1,252
1,174
1,916
6,088
758
534
992
746
2,894
309
275
198
731
903
23, 434
11,097
1,001
1,184
1, 738
2,618
1, 683
19,
3,
1,
1,
2 726
25. 042
13, 138
1,271
1,278
1,355
1,908
] 1, 302
549
990
757
3,378
887
New orders, net (adjusted), totalO
-- do __
Durable-enods industries total
do
Primary metals
_
do _
Fabricated metal products
do
Electrical machinery and equipment
_ do___
Machinerv, except electrical
do
Transportation equipment, including motor
vehicles and parts
mil. of dol
Other industries, including ordnance
do__.
Non durable-goods industries, total
do
Industries with unfilled orders 9 4
do____
Industries without unfilled orders !
do
8 597
6' 226
548
19, 368
2,713
884
71,882
19, 374
3 312
1, 153
1 773
2, 606
1.689
915
864
2,996
19, 532
3, 332
1, 164
1,778
2, 654
1, 665
r
r
r
l) 426
1, 956
2, 864
2, 765
12,862
r
r
2, 895
9, 967
'71,527
* 68, 351
r
7 390
r
6, 096
r
11.576
r
19, 696
3, 166
1,182
1,747
2,753
1,699
609
966
750
3, 086
2,814
25, 112
12, 053
2,281
1, 186
1,013
1,861
2, 936
2, 776
13, 059
2,918
10, 141
70, 556
67, 267
7 4^4
5, 718
11, 335
9, 313
8,974
27, 809
3.104
«• 27. 868
' 6, 110
r
3, 176
6,298
5,977
3,289
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURNOVER
Operating businesses end of quarter total
Contract construction
AT anufacturing
Service industries
Retail trade
Wholesale trade
\11 other
tbous
do
do
do
do
do
do
4, 050. 0
399. 4
303. 1
865. 8
1 663 3
210.6
607 7
4 059 0
404. 4
300 5
868. 2
1 661 1
211.4
613 3
110. 6
22.2
10.8
18.6
39.6
4 6
14.8
90.2
16 2
New businesses, quarterly
total
Contract construction
Manufacturing
_ _.
Service industries
Retail trade
Wholesale trade
A 11 other
_
___ _
...
do
do
do
do
do
do
do_ ._
Discontinued businesses quarterly total
Contract construction
"Manufacturing
Service industries
Retail trade
"Wholesale trade
All other
do
do
do
do
do
do
do
96 6
13.4
12.8
16 0
4
Q 3
3 9
10 2
81. ',}
11.2
11.2
12.9
35 2
3 2
Business transfers, quarterly total§
do
101. 0
101.2
r
r
4 043 4
403. 2
295 4
867. 2
1 651 3
211.3
615 0
80. 5
12.3
8.6
8.2
15 3
33 1
3 9
13.2
14. 7
29 6
3 7
12.1
r
~::
r
r
r
96 0
13. 6
13.3
15 7
' 3'V 4
'
V7
T
10 4
82. 5
BUSINESS INCORPORATIONS^
New incorporations (48 States)
..
.
number.-
7,819
7,549
7,088
7,529
8,223
6,741
8,274
9,468
7,943
9, 659
9,507
8,968
8,926
671
52
78
128
340
73
580
41
48
133
299
59
594
51
58
109
316
60
539
36
50
107
288
58
631
52
88
146
291
54
590
61
62
121
280
66
583
43
76
131
288
45
647
39
78
130
334
66
691
49
86
132
348
76
739
63
85
154
361
76
693
48
86
140
344
75
697
66
70
143
344
74
817
74
99
145
419
80
21, 222
1,971
2, 990
6,971
7,024
2, 266
22, 789
1, 466
3, 196
8,882
5,434
3,811
16,322
1, 809
1.816
5, 056
5 255
2,386
20, 138
947
2,729
6, 780
5, 317
4, 365
35, 049
2,175
5, 167
13,079
6 078
8,550
18, 757
3 027
1, 588
5, 853
5 865
2 424
23, 400
953
5, 068
8, 458
7 046
1,875
23, 309
868
°, 735
9, 107
•8 ()()Q
2, 590
27, 273
1 180
3 378
31,082
27, 520
1 765
3 748
10, 585
8 497
32, 789
3 536
2,511
32. 379
1 759
3 200
INDUSTRIAL AND COMMERCIAL
FA I LURE So*
Failures, total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade .
-
number
do
do
do
do
do
Liabilities, total
thous.
Commereial service
Construction
. _
Manufacturing and mining
Retail trade
Wholesale trade. .. .. _.
___ .
r
of dol.do
do
do
do
do
1 387
3, 506
8,452
12,213
9 139
5 124
10 423
3, 553
2*925
13,981
6 909
5, 852
11,179
12 464
3 777
Revised.
r Preliminary.
fRevised series. See corresponding note on p. S-3.
0 Adjusted data for new orders replace the unadjusted series formerly shown; for data beginning 1948, including those for unadjusted unfilled orders, see pp. 17 and 18 of the November
1952 SURVEY.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
§Revisior?s for 1944—1st quarter 1951 appear in corresponding note in June 1952 SURVEY.
cfData are from Dun & Bradstreet, Inc.
SURVEY OF CURRENT BUSINESS
August 1058
S-5
1953
1952
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
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products § 1910-14=100-.
Crops
do .
Food grains
. . _.
. _ _ . -do ..
Feed grains and hay
do
Tobacco
_ do_-Cotton
do
Fruit
do __
Truck crops
do
Oil-bearing crops
do
Livestock and products
do
Meat animals
do
Dairy products
do .
Poultry and eggs
do
292
277
238
226
437
319
220
250
289
306
380
277
181
295
276
230
227
436
311
214
287
307
312
376
286
208
295
272
236
233
436
319
206
229
310
316
372
295
225
288
264
240
234
428
329
200
182
305
309
349
307
227
282
260
240
219
429
311
215
189
304
301
328
316
228
277
257
248
213
412
288
195
238
300
295
310
318
238
269
257
247
218
428
268
206
256
300
280
291
309
221
267
251
245
214
419
252
208
237
291
281
303
296
218
263
247
240
206
424
255
209
237
287
277
305
286
206
264
253
246
208
424
266
215
248
291
274
301
277
216
259
247
244
206
424
266
226
204
289
270
299
264
218
261
243
242
205
426
268
224
182
285
277
317
257
218
259
251
222
198
425
266
253
270
280
267
299
254
213
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-.
273
272
273
273
273
273
274
273
274
271
271
272
269
269
269
268
269
266
267
269
264
267
268
265
264
266
261
265
269
261
264
269
257
264
270
257
'260
'271
248
287
286
287
285
282
281
280
282
280
281
279
279
r
Paritv ratio 9
102
103
103
101
100
99
96
95
94
94
93
94
94
All commodities (U. S. Department of Commerce
index)
_.
1935-39 = 100 .
210.6
211.8
211.8
211.1
210.7
210.4
209.6
209.0
207.8
208.2
207.9
208. 2
209.7
Consumer price index (U. S. Department of
Labor) :f
All items (revised series)
1947-49=100
Apparel
_ __
_ do
Food
do
Dairv products
do
Fruit and vegetables
_ _ do - Meats, poultry, and
fish
do
Housing
- do
Gas and electricity
do
Housefumishings
_ __
_ do
Rent
.
do
113.4
105.6
114.6
108.9
122.4
116.5
114.0
104.3
107. 7
117.6
114.1
105. 3
116. 3
110.2
124.0
116.4
114.4
104.2
107.6
117.9
114.3
105.1
116.6
111.0
118.7
119.4
114.6
105.0
107.6
118.2
114.1
105. 8
115. 4
112.5
111.5
119.2
114.8
1C 5.0
108. 1
118.3
114. 2
105. 6
115.0
113.2
111.3
116. 9
115. 2
105.0
107.9
118.8
114.3
105. 2
115. 0
113.3
115.9
114.3
115.7
105. 4
108.0
119.5
114.1
105.1
113. 8
112.7
115.8
113.0
116. 4
105. 6
108.2
120.7
113.9
104.6
113.1
111.6
116.7
110.9
116.4
105. 9
107.7
121.1
113.4
104. 6
111.5
110.7
115.9
107.7
116.6
106.1
108.0
121. 5
113.6
104.7
111.7
110. 3
115. 5
107.4
116.8
106. 5
108.0
121.7
113.7
104. 6
111.5
109.0
1 1 5. 0
106. 8
117.0
106. 5
107. 8
122.1
114.0
104.7
112.1
107.8
115.2
109.2
117.1
106. 6
107.6
123 0
117.8
111.7
100. 8
126.3
115.7
118.0
111.9
107. 0
126. 8
116.0
118.1
112.1
107. 0
127.0
115.9
118.8
112.1
107.3
127.7
115.9
118. 9
112.3
107. 6
128. 4
115.8
118.9
112.4
1 07. 4
128.9
115.8
119.3
112.5
108.0
128.9
115.9
119.4
112.4
107.8
129.3
115.9
119.3
112. 5
107. 5
129.1
115.8
119. 5
112.4
107.7
129.3
117.5
120. 2
112.5
107. 9
129. 4
117.9
120.7
112.8
108.0
129. 4
118. 0
121.1
112.6
107. 8
129.4
118.2
U. S. Department of Labor indexes (revised):f
All commodities
.1947-49=100 .
111.2
111.8
112.2
111.8
111.1
110.7
109.6
109. 9
109.6
110.0
109.4
Farm products
- -do
Fruits and vegetables, fresh and dried.. _do
Grains
do
Livestock and live poultry
do
107.2
124.2
95.4
107.2
110.2
128.2
94.9
108.2
109.9
124.3
96.9
106.4
106.6
115.6
96. 9
99.3
104. 9
111.7
95.0
94.8
103.6
113.2
96.5
93.0
99.2
112.3
96.1
86.8
99.6
107.3
94.6
92.7
97.9
102.2
93.1
91.2
99.8
105. 8
94.7
91.7
97.3
106.9
93.8
87. 5
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
108.5
106.7
110.1
110.0
106.5
113.8
110.5
106.4
114.3
110.3
106. 5
116.4
108.5
106.4
115.9
107.7
107.1
115.5
104.3
106.8
113.0
105.5
106.8
111.9
105.2
107. 6
110. 9
104. 1
108. 9
109.7
103.2
109.2
108. 5
103. 5
110.1
103.9
110.6
105.1
112.3
105.9
109.4
105.9
104.1
106.0
102.0
105.0
93.9
105.4
99.3
105. 5
98.2
105. 1
91.2
104. 4
89.2
112.6
104.3
114.9
92.2
52.0
109.9
107.0
112. 5
104.2
114.7
92.1
49.8
110.7
106.9
113.0
104.0
114.6
92.1
47.5
110.9
106.9
113.2
104.0
114.3
92.1
48.9
111.0
107.0
113.0
103.9
113.9
92.0
51.0
111.0
100. 5
112.8
103. 5
112.7
91.9
53.1
111.1
106. 3
112.9
103. 3
112.3
91.3
52.8
113.0
106.1
113. 1
103.6
112.8
91.5
53. 5
112.9
106. 2
113. 1
103. 6
113.1
91.4
52.7
112.7
105.9
113.4
104.2
113.9
91.6
59.0
112.8
106. 0
113. 2
105. 5
117.0
93. 0
55.9
113.2
106.0
T
r
105.9
105.3
98.5
102.0
109.6
106.0
106.0
99.1
101.4
109.4
105. 8
106. 5
100.7
100.4
108.3
106.2
107.6
101. 3
100.3
108.5
106. 6
113. 3
98.5
100.4
108.5
106.7
113.6
98.0
104.9
108. 1
107.2
116.1
98.5
104. 9
107.9
107. 8
116. 3
99.6
108. 0
107.9
108. 1
115.9
100.7
109.5
107.9
108.4
114.4
100.7
109. 5
109. 0
107. 4
111.2
98.0
109. 5
109.3
111.6
106.8
112.7
93. 8
111.6
106.8
112.6
93.8
111.5
106. 8
112.5
93.7
112.0
107.3
112.6
93.7
112.0
107.2
112.6
93.7
112.1
107.2
112.8
93.8 /
I
112.3
107. 5
113. 0
95.0
74.9
112.7
107.4
113.2
95.0
74.5
112.9
107.4
113.4
95.5
75.6
113.1
107.9
113. 6
95. f>
74.9
113.9
108. 0
113.8
94.9
74.9
95.9
111.0
59.5
88.9
96.2
110.6
61.8
89.3
96.5
110.6
64.4
89.3
96. 5
110.6
64.4
89.3
96.6
110. 6
65.0
89.9
97.6
111.0
69.2
90.1
99.0
112. 0
70.6
92.9
97.3
112.0
62.1
92.0
98.0
112.1
66.5
91.9
98.1
112. 1
64.8
93.5
97.9
111.5
66. 4
92.7
r
119.9
120.1
120.2
120.4
120.5
120.6
120.4
120.6
120. 2
120.2
119.7
120.0
119.7
119.8
120. 5
120.1
121.1
120. 3
121.7
120.9
122.2
121. 5
122.0
122.3
128.6
121.3
118.9
do
276
RETAIL PRICES
Medical care
Personal care
Readiner and recreation
Transportation
Otber goods and services
do
do
do. do
do. _
_
r
1
114. 5
104. 6
113. 7
107. 5
121.7
113. 3
117.4
106. 4
108. 0
123.3
WHOLESALE PRICE So"
Commodities other than farm products and
foods
1947-49 = 100
Chemicals and allied products
do
Chemicals, industrial
.
do
Drugs, Pharmaceuticals, cosmetics--. do
Fats and oils, inedible
do
Fertilizer materials
Paint and paint materials
do
do
Fuel, power, and lighting materials
do
Coal
. _ ._
_
do.
Electricity
do
Gas
do
Petroleum and products
do
Furniture and other household durables
1947-49 = 100..
Appliances, household
do
Furniture, household
do
Radios
do
]
Television sets - ._ _ . _ ...
do
Hides, skins, and leather products
Footwear
Hides and skins
_ _
Leather
Lumber and wood products
Lumber
_ __
do
do
do
_ _ d o __
...do
do
121.4
Machinery and motive products. __ do
121.3
Agricultural machinery and equip. ._ do
121.5
121.5
125.4
Construction machinery and equip
do
125.4
120.0
Electrical machinery and equipment, .do
119.9
Motor vehicles __ _
__
do
119.7
119.7
r
l
Re vised.
Index on base previously used ( 1935-39 = 10 0) is 191.4.
121.4
121.5
125.3
119. 8
119.7
121.5
121.5
125.8
119.7
119.7
121.3
121.5
125.8
119.0
119.7
121.4
121.6
126.2
119. 5
119.7
121.4
121.7
126.3
119.6
119.7
121.5
121.8
126.2
119.6
119.8
121. 6
121.8
126.3
119. 7
119.9
121.8
122.2
127.1
119.9
120.0
109.8
109.4
'97.8
105. 4
93.4
91.7
95.3
109. 9
83.8
86.8
T
104. 3
109. 0
1C7. 9
103. 3
107. 9
107. 7
r
104. 0
93.8
103. 7
91. 6
113. 6
105. 5
'118.0
93. 1
r
49.9
112.9
106. 1
113.8
105.7
119.2
93.1
46.6
110.6
106.1
r
r
107. 1
110.8
97.4
' 108. 2
109.4
107. 6
111.2
97.4
108. 2
110.3
114.1
108.1
114.0
94.9
74.9
114.2
108.1
113. 9
95.3
74.9
100. 4
111.5
74.8
97.3
100.8
111.7
75.1
98.0
r
r
121.8
121.0
121.6
120.8
r
122.4
122.4
122. 8
122.5
129. 4
124. 0
118.6
r
r
r
129. 1
r
122.6
r
118. 6
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
Ttr.s
1952
June
July
August
1953
September
October
November
December
January
February
April
March
May
:
June
COMMODITY PRICES—Continued
WHOLESALE PRICES^— Continued
U. S. Department of Labor indexes (revised) :|— Con.
Commodities other than farm prod., etc. — Con.
Metals and metal products
1947-49=100..
TTeating equipment
do
Iron and steel
_ _ do ..
Nonferrous metals
do
Non metallic minerals, structural
do
Clav products
do
Concrete products
do
Gypsum products
- do _ _
Pulp, paper, and allied products
Paper
Ruhbe?' and products
Tiros and tubes
Textile products and apnarel
Apnarel
Cotton products
Silk products
Synthetic textiles
Wool products
do
. do
do
do .
.- -do . .
do
.do
do
do
. do. _ _
Tobacco mfrs. arid bottled beverages A- --do
P>ever-P'es, plcoholicA
do
Cigarettes A
do
121.1
113. 5
122.4
120. 0
113.8
121.4
112.4
117.7
121. 9
113.6
122.3
124.0
113.8
121.3
112.4
117.7
124. 1
113.7
127.2
124.4
113.8
121.3
112. 4
117.7
124. 6
113.7
127.5
124.7
113.8
121.3
112.7
117.7
124. 1
113.7
127.3
122.9
114.4
124.0
112.7
117.7
123.9
113.6
127.0
122. 5
114.5
124 0
112.7
117.7
124.0
113.6
127.0
122.3
114.6
124.0
112.7
117.7
124.0
113.8
127.1
122. 5
114.6
124.0
112.8
117.7
124.6
113.9
127.5
124.4
114.6
124.0
112.8
117.7
125. 5
113.9
127.7
131.5
115.1
124.3
112.8
118.3
125. 0
113.8
127.7
128.2
116.9
124.6
114.2
122.1
M25.7
114.4
M28.9
126.6
•"117. 2
124.7
' 115.5
122.1
126,8
114.5
130.7
127.6
117.9
125. 2
115.5
122.1
116.7
124.2
133.4
130.5
99.0
100. 3
95.4
129.8
88.6
112.8
115.3
123.8
130.0
129. 6
98.9
99.5
96.1
134.7
89.2
113.9
115.6
124. 0
127.8
126.3
99.1
99.1
97.6
139.3
90.5
113.3
115.6
124.0
126.3
126.3
99 5
99.3
98.9
139. 3
89.9
112.4
115.5
124 9
126.0
126. 3
99 2
98.4
99.2
140.0
89.5
113.2
115.5
124.9
126.4
126 3
98 6
98 3
98.4
139. 3
89.0
112. 6
115. 9
124.9
127.7
126. 3
98.2
98.3
97.7
139.7
87.8
112.6
115.8
124.9
127.3
126. 3
98.8
100. 0
97.0
141.4
88.1
113.0
115.3
124.9
126. 2
126. 3
98.5
99.9
96.1
141.4
88.3
111.5
115. 1
124.9
125. 7
126.3
97.5
99.6
93.1
141.4
87.9
111.9
115.3
124.9
124.8
126.3
97.4
99.9
92.9
131.6
88.0
111.3
1 1 5. 4
124.9
M25.4
126.3
97. 6
r
99. 9
93.3
133.0
r
87.4
' 112.0
115.3
124.7
124. 9
126. 3
97. 5
99. 5
93.4
134.7
87.5
111.6
112.0
110.5
1 1 2. 0
112.0
110.5
112.0
112.0
110.5
112.0
112. 1
110.5
112.0
112.1
110.5
112.0
112. 1
110.5
112.0
112. 1
110. 5
112.0
111.9
110.1
112.0
111.9
110.1
112.0
114.8
110.0
124. 0
114.8
110.0
124.0
114.8
110.0
124.0
114.9
110. 0
124. 0
89.9
88.2
87. 3
89.4
87. 6
86. 0
89. 1
87. 5
85 8
89.4
87. 6
90.0
87. 6
87. 0
90.3
87. 5
87 0
91.2
«7 6
87. P
91.0
»7. S
88. 4
91.4
88.0
89.7
91.1
87.7
89.2
i 91.4
i 87. 3
i 88. 0
* 2, 941
3, 199
PllRCI-IASING POWER OF THE DOLLAR
As measured by—
Wholesale pricest
Con sum er pricesf . _
"Retail food pricesf
_. .
1947-40=100
do _
. . - do.
91. 2
88. 2
89. 7 '
90.9
88.0
89. 5
1
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY 9
3,027 ,
3,095
3,098
3,011
2.787
2, 513
2, 301
2,278
r
2, 52!
Privito total
do
"Residential (nonfarm)
do
New dwelling units
._ do
Additions and alterations
do
Nonresidential building, except farm and public
u t i l i t y , total
._
mil. of doL.
Industrial
do
Commercial
_
..do. . Farm construction
do
Public utility
do .
1, 925
983
865
103
1,994 :
1,023
1,023
905
905
101
101 j
2,037
1,047
930 1
99
2,030
1,049
935
96
1,988
1,048
935
95 :
1.924
1,033
925
90
1, 789
953
865
70
1,627
816
735
63
1,575;
758 'l
675
64 i
r
1,729
"-1,851
r
' 863
944 1
* 770
'• 830
74
94
404
182
92
171
359
411
180
180 I
97
180
371
418
181
98
183
381
430
187
101
168
376
434
189
104 !
139
360
435
190
109
117
331
421
187
107
103
304
431
201
109
97
275
434
204
112
100
275
430
198
114
108
320
Public, total
Residential
Nonresidential building
Military and naval
Highway
Conservation and development
Other types
_
.
1, 020
54
375
119
310
76
86
1, 023
52
352 i
125
330
77
87
863
49
332
117
215
70
80
724
47
314
107
120
62
74
734
47
328
109
115
61
74
703
48
315
104
110
56
70
792
47
353
111
140
65
76
New construction, total
mil. of clol.
do
do .
do
do
... do .
do
do
1,033
53
375
121
320
76
88
1,058
55
373
129
335
75
91
1, 068
53
369
127 i
350 |
79
90
'• 2, 735
r
2.149
1,988
' 1, 007 1, 110
980
'880
105
107
426
193
113
120
352
451
192
129
138
380
••884
49
369
114
200
70
82
953
49
'374
' 115
260
r
70
T
85
r
479
187
152
148
399
1,050
50
384
121
330
76
89
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W,
Dodge Corp.) :
52, 544
34, 661
40, 069
52, 078
50, 845
52,
52, 909
34, 561
55, 435
47, 006
41, 569
35, 475
50, 484
50, 542
Total projects
number
511, 285
285 1,438,725 2,039,203 ' 1,310,958 |l, 248. 803 1,467,384 1, 075, 8f>8 1,021,310 11,347,518 1,741.542 1,606,091 1, 115,509
Total valuation
_. _.
thous. ofdol 1,488,850 1,,511,
372, 004
553, 760
559, 140
618, 737
618,
501,258 11,269,355 ! 410,433
490, 650 477, 693
350,709
416,577 ! 672.838
449. 779
Public ownership . . . _ .
do .
743, 505
892,
892, 548
989, 691
929,710
937, 467
670,601
930,941 1,068,704 1 , 052, 331
779, 848
626, 089
758, 153
890, 525
Private ownership
do
Nonresidential buildings:
Projects
_.
__
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
-- - .Valuation
Utilities:
Projects
__
Valuation
numberthous. of set . ft
thous. of del_ -
5, 022
41, 725
551, 500
5, 468
5,
40,
40, 979
562, 686
562,
5,196
38, 912
519, 940
4,289
29, 257
1,272,367
5,161
38, 822
470, 520
4.382
39, 788
461,476
3,589
51, 596
713, 100
32, 343
406, 914
3,529
31,115
374. 321
4, 760
35, 566
449, 175
£ 416
44, 455
680, 330
5, 728
45, 640
582. 061
5, 020
35. 185
459, 230
number.
thous. of sq. ft._
thous of dol
43,012
62, 176
581, 792
43,
465
43,465
64, 003
64,
608,078
608,
078
44,943
65, 863
627,596
40, 440
56, 743
518, 471
43, 312
65, 489
602, 313
35, 487
55, 872
528. 429
29, 808
48, 996
438, 580
30, 674
51,315
460, 036
29, 960
46, 658
418. 568
44,115
65, 393
605, 200
47. 761
70, 602
673, 887
44,317
66, 655
637, 721
32, 745
40, 797
4(53, 084
number
thous of dol
2,266
245, 969
2, 680
680
2,
243, 458
458
243,
2,310
208, 887
1, 838
176, 652
1. 665
152, 455
1,336
195, 265
911
134, 114
835
152, 793
778
135, 326
1, 247
219, 157
1,849
293, 569
2, 094
288, 783
1.874
138, 257
number
thous. ofdol
545
109, 589
465
97, 063
97,
460
82, 302
439
71,713
404
85, 670
364
63, 633
353
181, 590
315
56, 125
294
93, 095
362
73, 986
409
93, 756
405
97, 526
430
54, 938
Value of contract awards (F. R. indexes) :f
Total unadjusted
1947-49—100
Residential unadjusted
do
Total, adjusted
do
Residential, adjusted
- - do
200
213
172
193
194
199
177
196
218
192
207
193
209
192
207
191
201
181
210
185
177
172
196
178
166
156
205
183
156
144
190
173
151
163
173
182
205
210
179
179
202
201
167
169
180
175
155
152
Engineering construction:
Contract awards (ENR)§
310, 504
504 2, 210, 572
thous. of doL. 1, 140, 654 2,,310,
952, 218 1,446,381 ! 1,079, 879
3, 651
180
186
177
176 i
906, 976 1, 886, 520 1.023,021 1,200,048 1,473,244
r
1,083, 795 1,318,070
i
Highway concrete pavement contract a wards :0
4,874
2 4, 675
8, 333
2,571
6,587
3, 509 !
7, 006 i
9, 537
5,258
7,047
6,081
5,537
5, 698
Total
thous. ofsq. yd_413
729
1,070
446
1,691
1.512
390
1,226
495
1,652 1,675
843
278
Air ports
do
2
2,
775
5,
237
2,652
2,657
2,622
1,481
3,215
4,590
3,315
1,
051
1,
486
1,
193
3,401
Roads
_ _ _ _ - . _ . _ _ _ . - _ _ . ..do
2
1.454
3,201
2,359
2,795
2,259 !
988
1,026
1.533
2,140
3,273 ! 2,682
2,803
2, 105
Streets and alleys
.do
r
l
Revised.
Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.8: consumer prices, 52.2; retail food, 43.5.
2 Data include some contracts
awarded in prior months but not. reported.
cf For actual wholesale prices of individual commodities, see respective commodities.
JSee note marked "t" on p. S-5.
ARe vised to reflect change in method of calculating excise taxes and discounts; comparable data prior to March 1952 will be shown later.
file vised series. Purchasing-power data are based on revised price indexes shown on p. S-5. Indexes of contract awards reflect use of new base period. Revisions prior to 1952 for
purchasing power and prior to 1951 for contract awards will be shown later.
9 Revisions for 1947-50 appear on p. 20 of the March 1953 SURVEY. Revisions for January-March 1951 (except for grand total, total public, and military and naval, which have been
further revised and will be shown later) appear at bottom of p. S-4 of the June 1952 SURVEY. §Data for July and October 1952 and January and April 1953 are for 5 weeks; other months,
4 weeks. ©Data for July, October, and December 1952 and April 1953 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S~7
1953
1952
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
111,400
107, 000
June
CONSTRUCTION AND REAL ESTATE— Continued
NEW DWELLING UNITS AND URBAN
BUILDING
Newr permanent nonfarm dwelling units started
(\ S Department of Labor)
.number Urban building authorized (U. S. Dept.of Labor): t
New urban dwelling units, total
number- _
Privately financed total
do
Units in 1-family structures
do
Units in 2-family structures
do
Units in rnultifamily structures. .
do
Publicly financed, total
do
Indexes of urban building authorized:!
Number of new dwelling units
1947-49 = 100.Valuation of building total
do
New residential building
- -do
New nonresidential building
do-~-_
Additions, alterations, and repairs
do
103, 500
102, 600
99, 100
100, 800
101, 100
86, 100
71, 500
72 100
79, 200
105, 800
r
r
r
' 44, 517 65, 405 r 60, 196
r 39 859
56 137 * 57, 222
r
31 061 '44 648 r 46, 074
* 3, 524
r 3, 344
'2,817
' 8, 145 ' 7, 624
5,981
2,974
9 268
4 658
55, 095
52, 638
42, 396
3, 274
6, 968
2,457
1
103,000
53, 956
51, 746
41,306
2, 630
7,810
2, 210
55,917
48, 909
41, 107
3, 080
4,722
7,008
53, 119
50, 636
41,842
2,938
5, 856
2,483
50. 431
48, 768
39,110
3,289
6, 369
1,663
54, 229
52, 528
42, 767
3, 588
6, 173
1,701
54, 409
52 785
42, 655
3, 055
7, 075
1, 624
40, 789
38 314
30, 854
2,521
4, 939
2, 475
38, 046
33 905
26 309
2. 485
5,111
4,141
38, 776
35 103
26 858
2,511
5,734
3 673
122.2
159.3
162. 6
158. 1
149.3
116.0
145. 6
150. 9
139.9
138.6
108. 2
133.8
139.4
128.6
124.6
117.1
143.0
155. 2
127.8
132.9
119.9
147 8
161.2
132.9
131.9
88.9
114.3
117.9
114. 6
100.0
83.1
108 9
106.6
119. 6
92.8
85.0
106 6
107.4
108.5
99.6
95.8
120 2
124.9
118.2
106.8
142.8
170 0
193 4
148.7
131.4
133.7
183.4
381. 4
200.9
151. 2
r
r
120. 7
164. 4
' 164. 4
,r 172. 5
145. 9
117. 1
157.7
159. 0
155. 9
157.2
120.8
383
121.8
122.4
122.7
383
122.6
122.5
122. 5
383
122.8
122.7
123. 1
383
123.3
r
123. 9
124. 9
385
550
588
554
504
544
382
555
600
554
513
549
391
558
602
555
513
549
393
561
604
556
514
551
394
562
604
557
521
551
397
564
604
572
521
551
398
567
604
573
522
558
399
568
611
574
522
560
398
567
611
574
523
559
398
569
614
579
525
561
399
572
614
587
525
564
401
572
616
592
524
568
402
573
616
592
526
568
411
242.1
241.3
251.9
243.5
242. 9
252.7
245. 3
244. 5
253. 8
246.0
245.2
254.4
246. 4
245 5
254. 2
246.4
245 3
253.4
246.3
245 1
253 3
246.6
245 6
254 1
246.5
245 3
253 9
247. 3
24,5 9
254 3
247.7
246 2
254 6
249. 2
247.4
255. 5
251. 3
249 6
257. 1
245.3
243.4
247.8
255. 8
226 4
246. 8
245.7
248.8
256. 4
229. 5
248. 6
247. 5
249.8
257. 0
231 2
249 4
248.5
250.5
257 3
232 2
249 8
248.2
250. 5
256 8
232 4
249 7
248.0
250. 0
255. 8
232 3
249
248
249
255
232
251
248
250
256
232
251
248
250
256
232
252
249
250
256
233
6
2
8
6
1
253 2
249 5
251.3
256 6
233 3
255. 2
251. 0
252. 3
257.4
234 2
257 5
254 7
254. 0
259 2
239 1
252.5
249.8
253. 3
250. 4
254. 2
251. 1
254 8
251.5
254 6
251 2
253 8
250.3
253 7
250 1
254 8
251 2
255 1
251 4
2569 0
25 . 0
257 4
253 5
126. 1
r 130 1
126.1
r 130 0
>•r 126. 1
130 9
128. 7
133 4
CONSTRUCTION COST INDEXES
Department
of Commerce composite f_ 1947-49= 100. \berthaw r (industrial building)
1914 = 100
American Appraisal Co.:
\verage 30 cities
1913 = 100
\tlanta
_
-- .. - _. _ - - d o NewT York
do
San Francisco
-do
St Louis
do
Associated General Contractors (all types) ---do
E. H. Boeckh and Associates :§
Average, 20 cities:
Apartments, hotels, and1 office buildings:
Brick and concrete--! , 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
Brickandwood
do
Frame
,_
.-do
Steel
do
Residences:
Brick
do
Frame
._
_„ _
.. .do
Engineering News-Recorded"
Building
..._ 1947-49 = 100-Construction
do
Bu. of Public Roads— Highway construction: A
Composite, standard mile
1946= 100, .
122.6
126.0
124.9
r 128. 8
<•r 125.5
129. 4
136.2
125.6
129 9
126. 0
129 9
125.7
129 7
137.5
8
5
9
5
3
125. 7
129 6
0
9
6
6
6
254 4
250 9
125. 8
129 6
1
9
4
4
5
254 3
250 §
125.7
129 7
138 6
r
133 2
139 4
CONSTRUCTION MATERIALS
Production of selected construction materials, index:!
Unadjusted
1939 = 100-\djusted
do
149.2
139.4
149.7
140.7
173.6
1 53. 4
177.6
165 2
185.2
167 1
156. 1
157 5
149 0
168 6
145 6
170 5
143 1
173 4
161 5
170 9
r 172 4
r 173 4
v 167 8
v 158 6
REAL ESTATE
"Home mortgages insured or guaranteed by —
Fed. Hous. Adm.: Face amount 9
164, 982
thous. of doL- 143, 154
162, 167
184, 356
211,042
183,801
187, 078
206, 739
193,370
201, 159
211,027
185, 610
189, 690
Vet. Adm.: Face amount do
195, 987
189, 189
202, 746
243 300
217 292
220 008
243 087
226 9'-56
227 910
1 51 570 215 950 241 928
247 529
Federal Home Loan Banks, outstanding advances
653
to member institutions
mil. of dol
656
687
715
752
791
864
644
683
626
611
627
New mortgage loans of all savings and loan associa586, 842 595, 994
tions, estimated total- -.
.- thous. of dol
617, 431
61 6, 352
658, 787
522, 681
541 295
690 277
497 314
677 941
639 133
523 210
By purpose of loan:
191,812
Home construction.
do
190, 039
147 444
199 720
1 fid 1 77
192 667
207 589
163 074
205 584
161 405
231 676
225 896
f)00 909
900' AA'l
257, 069
Home purchase
do
264 692
243 112
248 448
9fifi' 98Q
279 192
?85 337
303 107
295 337
CO £Q4
49, 595
Refinancing
,do
53, 014
50 850
50 457
54 597
42 379
49 739
62 308
49 Oil
60 425
58 627
Repairs and reconditioning
do
24, 238
25, 065
24, 625
26, 097
25^ 997
20, 148
19, 730
27, 643
25, 121
18, 408
26, 062
20, 253
64, 128
A 11 other purposes
do
63, 184
63, 044
61, 794
67 497
53 968
61 973
76 994
60 219
79 831
77 115
63 733
iVew nonfarm mortgages recorded ($20,000 and
under), estimated total _ _ .
thous. of doL- 1, 512, 734 1, 590, 319 1, 597. 783 1, 587, 523 1, 727. 343 1,492,390 1, 553, 457 1,400,615 1, 391, 203 1,626,602 1, 708, 623 1, 698, 634 1,769,259
12.1
NTonfarm foreclosures, adjusted index .1935-39 =100...
11. 7
12.4
11. 1
10. 6
11.6
11.8
13.1
13.2
13.4
58, 585
Fire losses
_
_
thous. of dol .
61, 675
56, 462
58. 949
63, 958
65, 129
74, 127
64, 239
76. 659
83, 471
72, 706
67. 362
67, 644
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
Combined index
__
1935-39=100
Business papers
do
Magazines
do
Newspapers- ...
do
Outdoor
do
Radio
do . .
Tide advertising index, unadjustedf. . 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
do
Foods, soft drinks, confectionery
do
Gasoline and oil ...
. _ .. . do
Soap, cleansers, etc.
do
Smoking materials
do
All others
do ..
• Revised.
* Preliminary.
436
520
362
329
372
241
140.8
12 972
345
3 612
251
343
3,233
452
1,660
1,416
1.659
1 Data for July 1953, 96,000.
445
554
403
327
359
226
114.2
456
548
369
310
383
254
111.2
456
547
387
318
344
264
141.9
11 254
10 974
12 890
196
256
323
2 658
3 003
3 254
1,004
'349
337
338
3(57
331
2 604
2 971
3 319
381
434
' 455
1 079
1 257
1 623
700
1,042
776
2,296
1. 559 !
2. 206
AR^vised to new base and to
includefor
additional
data; figures prior to February 1952 are available upon request.
Digitized
FRASER
475
529
420
340
378
268
165.4
473
570
408
330
371
256
157.6
488
539
394
323
070
265
127.3
15 442
14 478
14 925
396
640
522
4 287
3 787
4 278
464
474
357
308
323
285
3 683
3 424
3 789
376
*366
446
1 704
1 482
1 588
1,292
1,277
1,322
2. 930
2 744
9 301
reflect other adjustments; data
465
556
Af\(\
r £,(\A
500
000
009
OC1
'238
119.6
••235
134.4
'249
164.9
r
ri 9
4.Q8
249
171.6
241
174. 6
246
158. 6
1 °. 87ft
598
4
3
397
521
508
511
557
329
349
385
377
433
238
40Q
AKA
91 9
388
91 ^
r i pi
446
1 192
1. 295
1,291
1,415
1,463
9 099
i eon
9 QQ.fi
O f\A 1
prior to March 1952 will be shown later.
1,420
o 1 ni
1,370
1
Cf.1
SUEVEY OF CURRENT BUSINESS
S-8
August 1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June
July
August
September
1953
October
November
December
January
February
March
April
May
June
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Magazine advertising:!
Cost, total
thous. of doLApparel and accessories
do
Automotive, incl accessories
do
Building materials
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do -Beer wine liquors
do
51, 576
3,119
4,887
2,833
7,081
7,686
2,329
35, 240
862
3,702
1,388
5,816
5,695
1,977
38, 442
3 588
3,671
1,549
5 456
5,472
1 672
56, 978
6 469
4 366
3,127
6 653
6,883
2 388
63, 494
5 250
4 775
3,139
7 556
9 047
2 924
63, 849
4 296
5 102
2 363
7 657
8 753
3 250
48, 083
3 802
2 507
942
5 502
6,957
4 261
35, 018
1 563
4 Q33
1,343
4 461
5 173
1 480
50, 682
3 271
4 744
2 099
6 068
8 758
2 314
65, 645
5 884
6 199
3,343
7 018
9 653
2 606
65, 525
4 593
6,135
3,832
6,425
8,230
2,625
67, 606
5 536
6,400
4,340
6,572
7,831
2,630
57, 876
3 771
5,894
3,498
7,150
8,016
3,452
do
do .do
do
do
do
3,412
1,788
3,618
'943
r
1, 583
T
12, 296
1,646
579
2,643
745
1,198
8,989
1,375
979
2 861
774
1,398
9,648
3,688
2 747
3 774
1 266
1 437
14 182
4,590
4 015
3 981
1 509
1 480
15 228
4,171
3 290
4 175
1 42Q
1 527
17 838
3,209
1,744
3 118
818
1 669
13, 555
1.013
938
2 639
830
1 112
10, 434
2,115
1 555
3 025
1 272
1 388
14 074
4, 675
2 551
3 618
1 699
1 444
16 954
5, 614
4,178
4,079
1,711
1,260
1 6, 844
5,561
3, 791
3,996
1,940
1,700
17, 308
4,570
2,087
3,891
1,615
1,677
13, 152
thous. of lines-.
3,213
3,133
3,960
4,798
4,898
4,299
3,162
3,667
4,251
4,991
4,699
4,445
3,360
do
do ._
do
do
- -- -do
do
do
209, 251
52, 744
156, 506
10, 288
2,762
31,251
112, 204
175, 447
47, 979
127, 468
7,351
3,046
25, 674
91, 398
186, 555
52, 741
133, 814
7,781
1,894
22, 061
102, 077
214, 509
54 124
160 385
7 367
2,596
29 711
120, 709
245,
56
188
10
2
39
136
873
399
474
734
400
359
981
219, 798
45, 563
174, 235
8,847
2,550
24, 506
138, 332
182, 718
50 052
132 666
9 121
3,808
21 433
98, 304
186,115
49 479
136 636
8 720
2,377
26 537
99, 001
231, 721
58 456
173 264
10 877
3,017
33 812
125, 559
233, 487
58, 194
175, 292
12, 535
2,910
35, 090
124, 758
244, 446
62, 385
182, 061
13, 493
2,549
36, 191
129, 828
_ thousands. _
thous of dol
6,511
122, 134
6,242
119, 289
6,174
119, 935
6,711
127, 034
6,764
J25 622
6 275
114 728
7,299
131, 677
6,672
121 828
6,423
120, 178
7,928
150, 315
6,946
128,270
6,385
117,261
Household equipment and supplies
Household furnishings
Industrial materials
Soaps cleansers, etc
Smoking materials
All other
Linage, total
T
Newspaper advertising:
Linage total ( 5 2 cities)
Classified
Display total
\utomotive
Financial
General
Retail
_____
004
593
410
383
518
411
098
234
52
182
10
2
34
134
POSTAL BUSINESS
Money orders issued (50 cities):
Domestic:
Number
Value
6.657
126, 017
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :t
Goods and services total
bil of dol
217.2
217. 2
224.4
227 7
230 4
Durable goods total
\utomobiles and parts
Furniture and household equipment
Other durable goods
do
do
do
do
27.4
11.5
11. 7
4.3
25. 1
8.8
12. 1
4.3
28.2
11.5
12.3
4.4
30
13
12
4
2
4
4
4
30 7
14.4
12 0
4 3
Nondurable goods total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
do
do
do
do
do
do
118.0
20.5
72.3
5.8
2.0
5.1
12.3
118.7
20 4
73.0
5 8
2.1
5 2
12. 1
121.1
21.5
73.5
6.1
2.1
5. 2
12.7
121
20
74
6
2
5
12
2
9
2
2
0
2
8
122. 1 %
20 7
74 99
6
2 1
5 4
12 9
do
do
do
do
do
do
do
71.8
10.7
23.8
4.2
4.3
6.0
22.9
73.3
10.9
24.3
4.2
4.3
6 0
23.6
75.1
11.3
24.8
4.2
4.3
6.1
24.3
76 3
11 3
25 3
4.3
4 4
6 2
24 8
77 6
11 5
25 8
4.3
4 4
6 3
25 4
Other nondurable goods
Services
Household operation
Housing
Personal services
Recreation
Transportation
Other services
-
RETAIL TRADE
All retail stores :t
Estimated sales (unadjusted), totaL-.mil. of dol__
Durable-goods stores
do
\utomotivegroup
_do _ _
Motor-vehicle, other automotive dealers
mil. of doL_
Tire, battery, accessory dealers
do_._Furniture and appliance group
do _
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
Jewelry stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers _ _ do. --Hardware stores
do
13, 814
5,122
2,757
13, 396
4,627
2,374
13,448
4,410
2,103
13, 620
4,670
2,353
14, 819
5, 116
2,681
14, 008
4 514
2,319
16, 910
5,214
2,378
13, 054
4,450
2,546
12, 329
4,357
2,501
13, 956
4 969
2,848
14. 167
5,139
2,919
14. 631
5, 329
2,980
14, 606
5 403
2. 971
2,582
175
740
442
298
108
939
706
233
2,200
174
713
419
294
95
923
709
214
1,929
174
754
468
286
104
905
689
216
2,179
174
756
445
311
100
924
700
224
2,509
172
834
495
339
123
961
728
233
2,166
153
823
481
342
126
812
593
219
2,175
203
1,039
571
469
338
878
588
290
2,411
136
676
374
302
96
684
518
166
2,377
124
656
355
301
89
660
492
167
2,705
143
676
391
285
95
788
588
200
2,764
155
676
397
280
101
868
649
219
2,820
160
714
422
292
118
914
671
243
2. 798
173
724
429
295
123
980
734
246
Nondurable-goods stores
do
Apparel group
do
Men's and boys' wear stores
_. do
Women's apparel, accessory stores
do
Family and other apparel stores. _
do
Shoe stores
_ _ _ _ _ _
___
do _ _
Drug and proprietary stores
do
E at ing an d drinking places _
do
8,692
832
198
308
178
148
380
1,064
8,769
700
161
274
142
124
388
1,130
9,038
770
163
316
156
136
392
1, 149
8, 950
910
196
365
184
165
374
1,114
9,703
1,023
240
411
221
151
401
1,122
9 493
1,003
259
384
216
144
385
1,044
11,696
1,533
427
560
353
194
513
1, 109
8,604
740
187
286
156
111
392
1, 008
7,972
616
145
254
126
91
387
940
8,986
893
184
368
190
150
381
1,055
9,027
866
184
362
173
149
383
1, 024
9,302
875
192
361
177
145
391
1,088
9 ?04
875
214
330
180
151
395
1, 111
Food group
do
Grocery stores
__
_do
Gasoline service stations _ _ _ _ _ _ _ _ d o .
General-merchandise group
do
Department stores, excl. mail-order _ _ do
Mail-order (catalog sales)
do
Variety stores
do
Other general-merchandise stores _ _ d o ._
Liouor stores
_ _ _ _ _
_ _
_.do
3,228
2,644
847
1,444
808
98
224
314
235
3,397
2,764
905
1,269
667
86
212
304
254
3,453
2,820
915
1,450
783
104
236
328
260
3, 242
2, 641
866
1, 523
857
117
225
324
250
3,440
2,787
902
1,773
979
137
258
398
283
3,427
2,763
852
1,769
978
139
257
395
289
3, 555
2, 843
872
2,790
1,521
187
521
561
411
3, 395
2,756
779
1,239
673
88
186
293
229
3, 095
2,526 |
752 i
1,171
624
94 !
193
260
230
3,301
2, 667
810
1,466
810
115
232
309
242
3,395
2,742
826 i
1,479 :
829
98
245
306
249
3, 523
2,842
884
1, 535
883
98
240
313
256
3 457
2 784
915
1 538
868
97
247
326
250
r
Revised.
JUnpublished revisions for magazine advertising are available upon request for the following periods: January, February, March, and October 1950; January, February, September, October,
November, and December 1951; January 1952. Revised personal consumption expenditures for 1949 appear on p. 20 of the November 1952 SURVEY; revisions beginning 1950 for the grand total
and for total durable and nondurable goods and services are shown as components of gross national product in table 43 on p. 28 of the July 1953 SURVEY; revisions beginning 1950 for the subgroups will be shown later.
tRevised series. Beginning with the September 1952 SURVEY, retail sales data have been replaced by a new series based on new sampling procedures developed by the Bureau of the Census.
The new estimates begin with January 1951; see pp. 16 ff. of the September 1952 SURVEY for figures covering the entire year 1951 for both the new and old series and for discussion of the new
data; January 1952 revisions for the adjusted series are available upon request.
S-9
SURVEY OF CURRENT BUSINESS
August 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
1953
1952
June
July
August
September
October
November
December
January
February
March
April
May
June
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores— Continued
Estimated sales (adjusted), totalf
mil. of doL.
Durable-goods stores
do
Automotive group _ _ _ _ _ . _ _ _ ...do
Motor- vehicle, other automotive dealers.do
Tire, battery, accessory dealers
do _ . _
Furniture and appliance group
do
Furniture, home furnishings stores
do ___
Household-appliance, radio stores
do
14, 014
4, 883
2,566
2,403
163
769
450
319
13, 667
4,494
2,254
2,098
156
746
436
310
13, 359
4,199
1,918
1,754
164
747
449
298
13, 570
4, 505
2,292
2,124
168
727
416
311
14, 202
4,844
2,644
2,490
154
754
449
305
14, 026
4,769
2,548
2,388
160
790
468
322
14, 410
4,871
2.617
2,453
164
776
451
325
14, 140
5,000
2,738
2,572
167
773
443
330
14, 514
5,304
2,951
2,775
176
811
451
360
14, 437
5,211
2,802
2,628
174
768
442
326
14. 269
5,113
2,856
2, 695
161
734
424
309
' 14, 436
5, 128
2,805
2,650
155
741
424
317
14, 460
5,042
2,758
2,604
154
111
418
308
118
872
647
225
121
869
660
209
122
859
642
217
122
831
614
217
130
832
618
214
121
841
622
219
123
847
631
216
127
846
629
218
134
876
648
229
138
915
681
234
130
861
652
209
129
868
642
226
128
862
633
229
Nondurable-goods stores
_ do
Apparel group
do
Men's and boys' wear stores
do_ ._
Women's apparel, accessory stores
do
Family and other apparel stores . _ do_ _ _
Shoe stores
do
Drug and proprietary stores _ _
do. Eating and drinking places
do
9, 131
916
205
359
208
144
390
1,060
9,173
881
210
350
183
138
390
1,070
9,160
894
206
360
188
140
395
1,067
9,065
870
212
345
170
143
384
1,048
9, 358
930
226
361
194
149
399
1,063
9,257
897
216
358
177
146
398
1,051
9,539
987
232
389
206
160
411
1,091
9,140
891
210
342
193
146
414
1,087
9,211
883
210
346
188
138
412
1,075
9,225
916
209
355
204
148
397
1,101
9,156
865
199
348
185
132
405
1,082
' 9, 308
903
208
361
196
138
398
1,089
9,419
921
212
368
202
140
400
1,104
Food group
_
do
Grocery stores
do- _.
Gasoline service stations
do
General-merchandise group
,__do
Department stores, excl. mail-order _ _ do
Mail-order (catalog sales) _- _ _ __ do
Variety stores
do
Other general-merchandise stores . -do _ _
Liquor stores
do
3,341
2,728
821
1,593
882
116
255
340
271
3,402
2, 756
833
1,535
831
118
252
334
274
3,346
2,713
842
1, 615
896
115
262
342
264
3, 398
2,768
847
1, 517
838
107
247
325
268
3,419
2,770
854
1,638
903
115
260
360
279
3,362
2,735
875
1,586
884
111
239
352
256
3,372
2,730
893
1,690
918
123
262
387
275
3,353
2,714
850
1,543
852
109
237
345
254
3,393
2,743
869
1,560
855
116
250
339
264
3,376
2,741
845
1,582
870
118
254
340
263
3,407
2,773
855
1,526
835
107
254
329
271
r
3, 403
2,743
850
1,627
907
118
271
331
263
3,476
2,788
868
1, 630
911
109
270'
340
278
19, 825
9,229
10, 596
19, 209
8, 621
10, 588
19, 279
8,314
10, 965
20, 434
8,739
11, 695
21, 564
9,125
12, 439
22, 059
9,366
12, 693
19, 544
8,838
10, 706
19, 896
9,292
10, 604
20, 738
9,789
10, 949
21,967
10, 473
11,494
22, 403
11,014
11,389
21, 946
10, 800
11, 146
21,352
10, 484
10, 868
20, 125
9,030
2, 864
1,625
494
2,364
1,683
20, 127
8,749
2,591
1,707
488
2,332
1,631
19, 745
8,626
2,564
1,701
480
2,273
1,608
20, 281
8, 956
2,875
1, 693
486
2,233
1,669
20, 652
9,175
3,093
1,643
500
2,229
1,710
20, 895
9,384
3,212
1,643
499
2,281
1,749
20, 804
9,352
3,272
1,639
490
2,208
1,743
20, 814
9,539
3,307
1,659
496
2,299
1,778
20, 973
9,905
3,457
1, 662
491
2,449
1,846
21,096
10, 084
3,500
1.651
488
2, 565
1,880
21, 656
10,396
3, 676
1,706
492
2,584
1,938
21, 543
10, 252
3, 592
T
1, 703
M82
T
2, 564
T
1,911
21, 655
10, 322
3, 666
1,713
503
2,516
1,924
Nondurable-good stores
do...
Apparel group
do
Drug and proprietary stores
_ do __
Food group _ -_..
do_ __
General-merchandise group
do
Other nondurable-goods stores . _ _ do.._
11, 095
2,636
760
2,110
3,271
2,318
11,378
2,714
790
2,080
3,358
2, 436
11,119
2,700
765
2,001
3,276
2,377
11, 325
2,748
752
2,099
3,351
2, 375
11,477
2,817
799
2,091
3,383
2,387
11,511
2,830
801
2,089
3,424
2,367
11, 452
2,790
717
2,183
3,373
2,389
11, 275
2,703
760
2,119
3,384
2,309
11,068
2,559
745
2,047
3,471
2,246
11,012
2, 506
710
2, 053
3,497
2,246
11,260
2, 576
732
2,060
3, 622
2,270
11,291
2, 573
r
708
2,092
r
3, 622
r
2, 296
11, 333
2,653
735
2,040
3, 589
2,316
Firms with 11 or more stores:f
Estimated sales (unadjusted), total. _ . _ _ do - Apparel group
._ _ _ _ _ _ _ _ _ _ _ d o Men's and boys' wear stores _ _ _ do
Women's apparel, accessory stores
_ do _
Shoe stores
do
Drug and proprietary stores. _
do
Eating and drinking places.... _._•
do
Furniture, homefurnishings stores _
do
2,423
173
18
67
60
59
52
26
2,333
132
12
57
45
59
54
23
2, 504
143
11
63
48
60
54
26
2,476
175
15
69
60
58
54
26
2,744
191
21
76
53
61
56
30
2,666
182
21
74
49
60
50
31
3,457
293
35
119
80
87
55
32
2,285
132
15
51
38
60
50
20
2, 145
119
13
47
36
57
47
22
2,485
188
19
74
56
60
54
28
2,546
180
17
70
60
60
56
24
2, 634
175
'16
72
'56
61
56
30
2, 61 1
176
18
67
60
61
55
24
711
343
618
284
719
326
735
346
856
396
835
366
1, 335
539
556
248
543
233
684
302
718
338
757
379
761
371
105
170
908
73
50
91
163
953
72
56
113
183
999
76
57
100
180
930
78
49
131
201
1,015
81
53
135
203
1, 020
64
49
205
414
1,056
53
75
83
142
1,039
51
43
78
144
939
47
41
103
172
999
54
49
104
183
1,013
62
54
109
178
1,054
65
56
115
185
1,019
73
60
Estimated sales (adjusted), total
do_Apparel group
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietary stores
._. do. .
Eating and drinking places
do
Furniture, homefurnishings stores
do .
2,559
176
18
71
57
62
52
28
2,520
171
19
72
55
61
54
25
2,562
174
18
73
56
62
53
25
2, 545
169
16
66
55
61
54
24
2,622
180
19
71
53
61
54
28
2, 555
175
18
72
50
62
52
29
2,638
195
20
80
56
62
52
22
2,506
167
16
68
49
63
51
27
2,570
168
18
66
52
62
52
27
2,591
171
18
64
55
61
53
31
2,579
171
17
69
51
63
56
26
2, 618
172
18
69
55
63
55
30
2, 658
171
17
68
55
63
55
25
General-merchandise group _ ._ _ . _ _ _ d o - _ .
Department stores
do
Dry-goods, other g e n e r a l - m e r c h a n d i s e
stores
mil. of dol
Variety stores
_ ._
do
Grocery stores
do
Lumber, building-materials dealers
do
Tire, batterv. accessorv stores
do
770
352
729
325
757
326
729
328
783
351
735
323
817
345
727
345
756
359
769
357
745
343
804
380
794
365
115
194
960
67
56
101
193
984
66
47
119
204
985
68
52
102
199
1,009
62
50
120
204
1,009
62
52
119
189
1,013
64
53
145
210
1, 003
64
52
98
181
995
63
60
101
187
1,000
69
61
114
189
1,004
69
57
112
190
1, 018
64
58
114
200
996
63
54
120
208
1,034
65
<v^
Jewelry stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers.- do
Hardware stores
_ .
_ _ do
Estimated inventories^
Unadjusted, total _
Durable-goods stores
Nondurable-goods stores
_
do-_do
do
Adjusted total
do
Durable-goods stores
do
Automotive group - _
do.
Furniture and appliance group
do
Jewelry stores
do
Lumber, building, hardware group. _do
Other durable-goods stores
do
General-merchandise group
do
Department stores
do
Dry-goods, other g e n e r a l - m e r c h a n d i s e
stores
mil. of dol
Varietv stores _.
- - do.
Grocery stores
do
Lumber, building-materials dealers
do
Tire, battery, accessory stores _ _ _ _. do ...
r
r
r
r
r
Revised.
fRevised series; see note marked "t" on p. S-8.
cf Data represent new estimates adjusted for comparability with the new series of retail sales. For the new estimates for December 1950 and the entire year 1951 and for revisions of the old
series (1949-51), see pp. 14 fl. of the November 1952 SURVEY.
SURVEY OF CUKRENT BUSINESS
S-10
Auirust lor,::
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June
July
August
September
1953
October
November
December
January
February
March
April
May
J une
DOMESTIC TRADE— Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month:!
Charge accounts
1947-49 = 100
Instalment accounts
_
do. .
Ratio of collections to accounts receivable:
Charge accounts
percent .
Instalment accounts
do
Sales by type of payment:
Cash sales
percent of total sales..
Charge account sales
do
Instalment sales
do
Sales, unadjusted, total U. S.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
Atlanta
Boston
.
Chicago
Cleveland
Dallas
.
Kansas City
Minneapolis ,
-_
New "York
Philadelphia
_- . Richmond
St Louis
-.
San Francisco
Stocks, total IT. S., end of month:f
Unadjusted
Adjusted
do
do
do ...
do
do
do
do
- do. _
do
- do . .
do
do -..
do
120
178
107
177
108
180
118
190
128
201
138
211
183
231
147
226
126
224
123
222
122
220
124
220
123
219
46
18
46
17
46
17
47
18
50
18
48
17
48
17
47
17
44
15
49
17
46
15
46
15
47
15
47
43
10
48
41
11
48
41
11
46
43
11
46
43
11
47
42
11
49
42
9
47
42
11
47
42
11
46
43
11
47
43
10
47
43
10
47
43
10
105
117
103
103
105
116
106
96
95
102
117
103
108
84
96
73
82
82
104
93
84
69
76
87
81
96
98
115
83
97
99
114
110
103
76
86
100
98
112
112
126
111
110
110
128
115
108
100
110
121
110
115
119
132
111
116
119
134
120
124
110
120
128
121
117
133
145
127
129
139
145
132
120
123
143
142
126
136
195
221
193
186
194
215
196
175
175
195
214
179
207
85
97
84
82
87
101
86
74
78
82
84
79
91
87
104
80
84
89
101
91
80
79
85
89
85
94
103
124
95
101
107
117
103
92
91
106
109
99
102
104
117
101
104
103
117
106
97
93
103
111
100
105
114
131
106
114
115
127
115
107
99
117
128
112
117
p 108
p 114
103
p 110
111
118
p 111
p99
95
104
p 112
P 104
P 111
111
138
103
105
112
132
114
100
'97
107
r
125
111
105
120
106
97
105
123
114
104
95
106
106
99
110
114
131
109
111
113
127
119
115
102
115
127
110
116
106
121
101
103
105
119
108
98
95
105
112
104
114
115
126
109
113
116
128
113
110
105
114
120
114
118
113
128
105
108
113
129
117
107
98
109
115
106
128
115
130
108
116
117
130
120
110
101
111
121
113
119
111
127
104
107
116
129
114
99
97
111
119
108
116
111
124
106
109
115
125
113
109
96
115
117
106
117
113
128
106
114
116
125
114
105
100
112
122
107
112
107
116
103
108
105
121
108
96
9H
107
115
99
110
115
137
104
114
113
130
115
105
101
116
130
108
122
P 114
p 134
103
P 112
118
134
p 120
P 103
98
109
p 119
P 113
P 118
110
120
114
118
124
120
134
120
136
120
108
119
111
123
119
122
121
132
126
132
129
P 122
p 129
354, 385
92, 345
262, 040
304,313
351,558
101,150
373, 724
102,462
271, 262
418,732
118,142
300, 590
391, 569
108, 525
283, 045
546, 465
155, 594
390, 870
268, 261
62. 778
205. 483
258, 518
62, 171
196, 347
327, 550
345, 223
90, 564
254, 659
3S4, ()48
95, 059
288, 989
380, 397
92, 804
287, 593
308.3
280.0
345.4
286.9
370.7
345.5
249. 5
215.6
344. 5
299.7
390.4
316.8
415.6
311.5
289.0
343.1
294.4
363. 3
378.3
356.9
445. 0
366. 8
410.8
316,3
310.3
348.2
312.2
365. 5
432.6
441. 5
478.2
393.7
500. 3
333.8
310. 5
347. 0
299.6
399. 0
554. 4
502. 9
585. 8
527.9
662. 3
371. 8
330.8
411.7
351.5
418.4
253. 7
238. 6
281. 0
237. 2
286. 3
335. 1
314.8
351. 2
316.3
277.7
254.3
322. 5
316. 3
349. 5
312.1
352. 3
293. 6
265. 8
313.3
308. 3
294. !
320. 3
347.9
326.0
313.3
285. 8
348. 9
316.8
281.7
334. 8
309. 9
369. 1
355. 2
313. (1
385. 3
338. 3
9,523
2,983
6,540
9, 925
4,824
5, 101
10, 389
3, 254
7,135
10, 177
4, 790
5,387
9,481
2,797
6.684
10, 202
4. 860
5, 342
9. 765
2,853
6. 912
9, 965
4,878
5, 087
8,593
2,457
r
r
do. _
do
115
r 111
118
Mail-order and store sales:
Total sales 2 companies
thous of dol
Montgomery Ward & Co
do
Sears, Roebuck & Co_ . . . . . .
do .
Hural sales of general merchandise:
Total U. S., unadjusted
1935-39 = 100..
East
do
South
... ... . do
Middle West
do
Far West
.
.
do...
Total V. S., adjusted
.
do
East
do
South
do
Mid die West
do
Far West
do
82. 995
221,318
250, 409
315. 6
280. 7
270.5
234.6
330.8
295.3
313.6
396. 2
336.3
342.3
311.1
304. 5
397.5
387.0
320.1
313.2
396. 5
314.1
318.9
384.3
404.3
8,240
2,728
8,596
8,699
2,718
2, 646
6, 053
9, 735
4,814
4,921 !
368.4
308.1
254. 7
301.9
331.8
306.4
87,515
240, 036
354.1
318.4
404.1
379. 9
327. 8
8.866
6, 136
10, 111
5, 099
5,012
8, 195
2,619
5, 576
10, 255
5, 325
4, 930
389.0
404.9
r
292.9
339.7
343.7
274.9
340.2
327. 5
386. 4
330. 6
379.1
287.6
371.8
394.8
WHOLES 4 LE TRADE J
Sales, estimated din adj.), total
Durable-goods establishments
Nondurable-goods establishments
Inventories, estimated (iinadj.), total
Durable-°oods establishments
Nondurnble-poods establishments
mil. of dol.
do
do
do
do
do
5,512
9, 761
5 005
4, 756
5,878
9, 665
4,809
4, 856
10, 434
5, 547
8, 545
3, 009
5, 536
10, 376
5, 569 i
4,887
4.807
2,910
5,956
r
8, 232
r
r
2,823
5, 409
10, 354
5, 574
r
4. 780
8, 606
2. 975
5, 631
10, 309
5, 442
4, 867
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
I
Total, incl. armed forces overseas
thousands..!
EMPLOYMENT
Employment status of civilian noninstitutional
population :cf
j
Estimated number 14 years of age and over, j
total
thousands..! 109, 556
51, 872
Male
do
57, 684
Female
do
Civilian labor force, total.
Male
Female
E mployed
Male
Female
Agricultural employment
Nonagricultural employment__
Unemployed
Not in labor force
157,234
157, 505
157,768
158, 012
158, 233
158,448
158, 657
109,692 j 109,804
51,948 J 52,000
57, 744
57, 804
109,906
52,040
57, 866
110,074
52,144
57, 930
110,198
110,315
52,208 i 52,265
57,990 ! 58,050
110, 648
52, 502
58,146
110, 936
52, 698
58, 238
111,210
52,886
58, 324
159, 260
j
I
111,300
111,398 i 111,476
52,932 i 52,974 • 52,996
58,368 I 58,424 I 58,480
do.
do.
do.
64,390
44, 464
19, 926
64,176
44, 720
19,456
63, 958
44, 396
19, 562
63, 698
43, 468
20, 230
63,146
43,196
19, 950
63,646 i
43,218 I
20 428 i
62.921
43,240
19,681
62,416
43, 334
19,082
62, 712
43, 692
19, 020
63,134
43, 892
19, 242
62, 810
43, 898
18,912
do.
_do.
do.
62, 572
43,326
19,246
62, 234
43,476
18,758
62,354
43, 392
18, 962
62, 260
42, 604
19,656
61,862
42, 482
19, 380
62, 228
42, 404
19, 824
61, 509
42, 275
19, 234
60, 524
41, 974
18, 550
60, 924
42, 448
18, 476
61, 460
42, 784
18, 676
61,228
61,658 i
42, 794
18,434 |
42, 950
18, 708
8,170
54, 402
1,818
7,598
54, 636
1,942
6, 964
55,390
1,604
7,548
54,712
1,438
7,274
54, 588
1,284
6,774
55, 454
1,418
5,697
55, 812
1,412
i 5, 452
55, 072
i 1, 892
5, 366
55, 558
1,788
5,720
55, 740
1,674
6,070 !
55,158 !
6,390
7,926
55, 268
1. 306
55, 246
1,562
do
do.. _ _
do
1
1,582 I
62.964 "i
43,848 i
19,116 |
63,172
43,838
19, 334
do.
45,166
45,516 ! 45,846 I 46,208
46,928 i 46, 552
47,394 i 48,232
48,224 J 48,076
48,490 1 48, 434
46,742
l
Revised.
» Preliminary,
See note at bottom of p. S-ll.
tRevised 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
Published 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 p 32 of the Julv
1952 SURVEY.
*
JData on total wholesale trade have been substituted for the series on service and limited-function wholesalers. For annual sales, 1939-48, and end-of-year inventories 1938-48 see D 24 of
the October 1951 SURVEY; revisions beginning 1949 appear on pp, 16ft. of the October 1952 SURVEY.
cf See note at bottom of p. S-ll.
'
r
SURVEY OF CURRENT BUSINESS
August 1953
S-ll
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June
July
August
Septem-
ber
1953
October
November
December
January
Febru-
May
ary
March
' 48, 685 ' 48, 854 ' 49, 042
April
June
EMPLOYMENT AND POPULATION—Continued
EMP LO YM ENT—Con tinued
^Employees in nonagricultural establishments::J
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
Wholesale and retail trade
do
Wholesale trade _
do
Retail trade
do General-merchandise stores
do
Food and liquor stores
_ do
Automotive and accessories dealers_-_do
Finance, insurance, and real estate _ _ do
Service and miscellaneous
do
Hotels and lodging places _
do
Laundries
do
Cleaning and dyeing plants _ _ _ _ _
do
Government
do
Total, adjusted (Federal Reserve)
do
Manufacturing,do
Mining
do
Contract construction
do
Transportation and public utilities
do
Wholesale and retail trade ._ _ _ _ _ - do
Finance, insurance, and real estate
do
Service and miscellaneous
__
do
Government
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 glassware, pressed or blown
thousands -_
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
thousands
Primary smelting and refining of noiiferrous metals
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. _
Heating apparatus (except electrical) and
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment
do
Automobiles.
do
Aircraft and parts
do .
Ship and boat building and repairs.- .do
Instruments and 0related products
Miscellaneous mf " industries
do
do
Nondurable-goods industries _ _ . _ _ . _ _ do _
Food and kindred products
do
Meat products
.. ..do
47, 418
15, 624
8,833
6,791
816
72
65
294
47,078
15, 402
8,530
6,872
784
69
61
267
48, 158
16, 280
9,142
7,138
893
103
63
340
48, 892
16, 680
9,440
7,240
886
100
63
339
49, 095
16, 778
9,594
7,184
871
99
63
330
49, 310
16, 874
9,750
7,124
871
101
62
331
50, 140
16, 952
9, 856
7, 096
870
102
62
331
48, 382
16.884
9.880
7,004
866
102
61
331
48, 369
17, 013
9,989
7,024
856
101
60
325
281
103
2,690
4,225
1,396
134
674
47
546
283
104
2,751
4,198
1, 353
134
682
48
553
281
106
2,812
4,258
1,394
134
688
48
554
280
106
2,794
4,281
1,411
133
682
48
548
274
106
2,728
4,296
1,423
132
682
49
543
272
105
2,648
4,286
1,413
132
684
49
539
273
102
2,497
4, 293
1,406
132
687
49
541
275
98
2,303
4,210
1,368
126
685
49
541
272
98
2,280
4,210
l,35fi
132
689
48
541
10, 144
2,700
7,444
1,370
1,347
781
1.972
5,360
501
349
179
6,587
10, 108
2.709
7,399
1,332
1.349
785
1,997
5,382
546
351
174
6,456
10, 110
2,722
7,388
1,325
1,345
782
2,000
5,378
546
349
169
6,427
10, 295
2,730
7,565
1,424
1,356
778
1,976
5,364
494
344
174
6,616
10. 442
2, 752
7,690
1,505
1,376
785
1,973
5,303
456
344
177
6,704
10, 650
2,780
7,870
1,626
1,382
801
1,973
5,266
446
342
175
6,742
11,218
2,787
8, 431
2,013
1,407
815
1,978
5,237
447
342
173
7,095
10, 283
2,747
7,536
1,407
1,371
808
1,969
5,192
443
342
172
6,675
10, 214
2,743
7,471
1,335
1,381
810
1,977
5, 194
451
340
172
6, 625
' 10, 284 '10,308
' 2, 730 ' 2, 711
' 7, 554 ' 7, 597
' 1, 396 r 1, 393
' 1, 389 ' 1, 396
'823
813
2,015
' 1, 993
5,312
5,225
'469
456
342
340
181
175
' 6, 666 ' 6, 653
47, 471
15, 771
812
2,587
4.193
10, 246
1,952
5.281
6,629
47, 336
15. 609
777
2,595
4, 154
10, 273
1,967
5,302
6.659
48, 039
16, 151
883
2,604
4,209
10, 261
1,980
5,299
6,652
48, 406
16.412
880
2,611
4, 259
' 10, 333
1,986
5,285
6, 640
48, 664
16, 546
867
2,574
4,303
10, 390
1,993
5,303
6,688
48, 857
16, 755
870
2,571
4,293
10, 366
1,993
5,292
6, 717
48, 957
16, 870
871
2,548
4,281
10, 397
1,988
5,290
6,712
49, 014
16, 949
872
2,531
4,246
10, 437
1,989
5,298
6,692
49, 113
17, 039
867
2,562
4,261
10, 445
1,987
5,300
6,652
r
' 49, 147
' 49, 148
49, 282
v 49, 432
' 17, 168 ' 17, 233 r 17, 290
p 17, 337
'836
854
'832
p831
' 2, 529 ' 2, 510 ' 2, 460 p 2, 480
'• 4, 264
r 4. 272
' 4, 284 v 4, 282
' 10, 396 ' 10, 450 p 10, 483
10, 390
2, 005
' 1, 993
' 2, 016
p 2, 028
5,312
5, 305
'5,313
P 5, 333
' 6, 591 ' 6, 637
r 6, 637
p 6, 658
12, 476
7.065
127
12. 229
6,748
126
13, 069
7,332
129
13. 477
7,634
132
13, 560
7,774
132
13, 634
7,916
134
13, 699
8,010
137
13, 619
8,020
139
13, 733
8,115
142
' 13, 831
725
435
298
447
744
439
296
434
759
450
307
451
751
448
316
455
728
440
322
459
730
433
329
461
704
420
330
458
676
406
329
451
677
404
332
453
'688
408
'333
'459
'698
414
'328
'463
83
681
80
643
83
1,068
87
1,109
87
1,116
88
1,126
87
1,137
87
1,139
88
1,142
'90
1,145
'91
' 1, 144
153
132
530
556
557
557
561
562
563
'563
'563
562
42
42
43
42
41
41
41
41
42
42
42
43
810
768
821
862
888
903
922
931
942
952
'951
'951
124
1, 335
'925
' 1, 574
'821
542
'137
63
244
'410
125
' 1, 326
926
' 1, 572
'825
'531
'142
63
'244
412
124
' 1, 309
'920
' 1, 571
828
532
137
62
244
'413
' 5, 620
' 1, 025
238
80
'123
180
125
87
1,134
499
235
' 5, 550
' 1, 022
231
'83
' 133
178
127
85
1,123
496
233
' 5, 525
' 1, 048
232
87
144
179
132
85
r
1,116
495
232
109
1,277
775
1,340
663
466
138
62
223
363
107
1,218
755
1,190
515
476
137
51
219
354
115
1,193
782
1,221
524
490
137
59
226
375
121
1,208
824
1,355
674
474
138
58
230
393
124
1,227
851
1,411
701
501
137
59
234
408
125
1,260
872
1.450
735
510
137
56
237
415
125
1,301
893
1,484
750
524
140
58
240
404
122
1,313
899
1,509
769
531
139
58
241
393
124
1,323
916
1,543
798
538
137
59
241
404
5, 411
1,116
238
95
177
180
'139
85
1,068
486
219
5,481
1,199
244
96
234
188
148
85
1,067
489
215
5,737
1,269
242
93
309
186
145
109
1,105
498
228
5,843
1,309
247
87
348
186
137
117
1,127
501
232
5,786
1,223
244
83
253
187
134
117
1, 135
503
236
5,718
1,142
254
80
172
187
132
109
1,146
506
239
5,689
1,093
256
78
143
184
129
108
1,146
508
236
5,599
1,045
249
76
132
179
124
101
1,132
502
230
5,618
1,033
241
78
129
180
122
94
1,134
502
232
p 49, 361
' 17, 081
'17,054
v 17, 179
' 10, 116
' 10, 108 p 10, 160
' 7, 032 ' 6, 965 ' 6, 946 v 7, 019
833
829
846
P835
99
'99
100
plOl
51
57
57
'309
'300
••318
P300
' 17, 135
' 10, 103
271
'99
' 2, 301
' 4, 235
' 1. 361
131
'694
48
543
' 8, 211
'147
272
102
' 2, 410
' 4, 242
1,375
131
682
48
'543
' 13, 762
' 8, 212
' 149
r
r
271
103
2, 485
4, 281
1, 389
130
697
49
545
p 105
p 2, 579
v 4, 315
10, 332
v 10, 378
' 2, 708 p 2, 732
7, 624
p 7, 646
r
1,397
v 1, 389
' 1, 399
v 1, 407
'832
P842
r
2, 026
p 2, 048
' 5, 366
v 5, 413
480
347
184
* 6, 669
* 6, 614
13, 718
' 8, 193
* 154
P 13, 820
p 8, 237
pl57
r
709
420
'322
'461
P318
P464
91
1, 138
p 1, 143
r
p726
*>954
*> 1, 304
^912
p 1, 592
*>246
P419
p5,583
p 1, 075
Canning and preserving--.
.do
Bakery products
___do
Beverages
do
p85
Tobacco manufactures
do
p 1, 125
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile prodr
1, 067
p 1, 076
1,093
1,137
' 1, 139
1,114
1,109
1,106
1,104
1,103
1,088
1,008
1,018
ucts
_
_ - _ _ thousands- 124
124
123
126
121
119
122
123
122
124
112
115
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
290
28 J
284
'289
279
279
276
280
280
271
261
260
clothing
thousan is
302
'356
'323
360
347
351
331
330
340
339
295
311
^Vomen's outerwear
do
pll)
'441
'439
440
437
441
436
435
432
425
411
425
419
Paper and allied products
do
222
'222
223
223
224
223
219
219
222
221
217
215
Pulp, paper, and paperboard mills ._ -do
Printing, publishing, and allied industries
r
p502
499
'499
499
497
505
498
505
504
497
492
4i*0
490
thousands. 147
144
146
147
147
144
147
146
146
146
145
144
Newspapers
do
158
158
159
159
162
161
161
160
158
156
156
158
Commercial printing
do
r
Revised.
p Preliminary.
^Beginning with the June 1953 SURVEY, data for employment and hours and earnings have been revised (beginning 1947) to adjust to a first quarter 1951 benchmark and to incorporate more
detailed weighting procedures primarily in the manufacturing division. Also, the hourly earnings figures have been recalculated, beginning 1951, using as weights (for industry divisions arid
groups) figures rounded to the nearest cent instead of the nearest mill. Revised data beginning 1947 are available from the compiling agency.
NOTE FOR EMPLOYMENT SERIES, P. S-10. Beginning January 1953, estimates are based on the 1950 census; unrevised estimates for January consistent with the 1940 census and
comparable with data through December 1952 are as follows (thous.): Civilian noninstitutional population—total, 110,450; male 52,345; labor force—total, 62,294; male, 43,213; employed—total,
60,406; male, 41,892; agricultural, 5,443; nonagricultural, 54,963; unemployed, 1,888; not in labor force, 48,156 (data for employment and unemployment estimated by OBE). The overall increase
in the level of the labor force (roughly 400,000 for the total; 150,000 for nonagricultural; 250,000 for agricultural) is not fully reflected in the January figures, but is spread over the 3-month period,
January-March 1953. Appropriate allowances should be made in comparing the estimates beginning 1953 with those for earlier periods.
SURVEY OF CURRENT BUSINESS
S-12
August 1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June
July
August
September
1953
October
November
December
January
February
March
April
May
June
EMPLOYMENT AND POPULATION— Continued
EMPLOYMENT—Continued
Production workers in mfg. industries t— Con.
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— C ontinued
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) t
1947-49=100-Manufacturing production-worker employment
index, adjusted (Federal Reserve) f- 1947-49=100. _
Miscellaneous employment data:
Federal and State highways, total§
number-Construction (Federal and State)
do
Maintenance (State)
do
Federal civilian employees:
United States
thousands
Washington, D. C., metropolitan area d"- do...
Railway employees (class I steam railways) :
Total
thousands
Indexes:
Unadjusted
1935-39—100
Adjusted
do
502
181
177
141
207
92
337
223
516
192
188
144
'220
93
345
227
"511
501
184
177
144
195
90
338
221
503
185
191
146
203
89
355
233
512
185
190
145
208
90
'353
229
518
187
189
144
213
90
352
225
518
188
188
144
217
91
355
226
518
189
187
144
219
92
359
232
516
190
186
144
219
92
359
236
519
189
186
144
219
91
364
238
526
'190
186
144
'221
92
363
238
100.9
98.9
105.7
109.0
109.6
110.2
110.8
110.1
111.0
111.8
111.3
110.9
"111.7
102.0
100.6
104.7
106.8
107.8
109.2
110.0
110.6
111.2
112.0
' 112. 4
112.7
»113.0
328, 561
141, 561
128, 338
341, 207
149, 194
131, 788
344, 947
151, 418
132, 378
334, 323
149, 271
126, 444
315, 261
138, 599
121, 337
284, 896
109, 889
119, 630
250, 904
77, 795
117, 558
239, 117
66, 668
116, 321
233, 697
65, 912
112, 723
240, 604
71, 537
112,856
259, 370
91, 151
112, 583
272, 930
103, 214
114, 107
2,419
253
2,422
2,409
2,390
2,386
2,383
246
2,370
2,302
247
2,378
2,363
247
1,257
1,214
1,256
1,272
1,285
1,274
120.1
118.4
116.0
113.5
119. 7 •
117.2
121.3
118.4
122.5
118.5
127.3
122.2
134.2
143.3
40.5
41.2
43.5
39.9
40.2
42.3
40.5
41.0
41.0
42.3
42.2
40.9
41.1
39.5
40.0
40.9
40.4
40.4
40.3
38.4
39.4
36.8
37.7
252
'526
'191
'188
144
220
92
355
232
"191
P221
"351
2,344
2,324
245
244
241
1,260
1,229
1,219
1,223
' 1, 239
1,251
1,262
121.4
120.3
119.8
121.7
117.1
121.8
116.1
119.0
116.5
119.4
'118.1
' 120. 0
v 119. 3
p 119. 8
f 120. 4
* 118. 7
145.7
146.3
150.9
148.4
149.3
'151.9
150.1
' 150. 1
" 151. 8
41.2
41.9
42.7
41.4
42.2
42.3
41.1
41.9
41.0
41.7
42.5
41.7
41.0
41.8
41.0
40.9
41.7
41.6
41.1
41.9
41.2
40.8
41.6
40.8
'40.7
'41.5
'41.4
MO. 7
p 41. 5
"41.6
42.0
41.6
41.4
41.2
40.2
40.4
41.5
41.3
42.1
41.4
39.7
41.1
41.9
41.7
42.5
42.1
40.7
41.3
41.2
41.1
42.1
41.3
39.9
41.4
41.4
41.0
42.8
41.5
40.7
41.8
40.7
40.3
41.4
40.6
39.6
41.7
41.0
40.6
41.5
41.0
39.9
41.4
40.9
40.4
'41.6
'41.3
' 40. 6
41.7
41.1
40.8
41.2
41.2
'40.1
'41.3
'41.0
40.8
'40.9
'41.2
40.1
'41.5
"41.6
40.3
40.9
40.6
41.1
41.0
41.4
40.9
'40.9
40.5
41.4
249
245
238
235
"2,306
"234
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor) f. 1947-49=100-LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :J
All manufacturing industries
hours.Durable-goods industries
do
O rdnan ce 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 glassware, pressed or blown. do
Primary metal industries do
Blast furnaces, steel works, and rolling
mills
hours- _
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
41.9
41.6
41.7
41.4
41.6
41.8
41.9
41.7
'41.7
41.4
41.6
40.8
39.8
40.8
42.1
42.5
42.4
43.3
42.4
42.2
42.4
42.2
'42.0
40.2
42.6
40.7
40.8
39.4
42.7
40.8
40.9
41.5
40.2
39.6
41.5
39.7
39.4
35.9
42.6
40.4
40.7
40.7
39.6
40.7
42.0
40.7
40.3
38.4
42.3
40.3
40.3
41.4
40.7
41.7
42.7
41.6
42.2
41.8
43.6
40.4
39.8
42.2
41.6
42.2
42.7
41.7
42.6
43.1
43.0
39.4
40.0
42.4
42.1
41.2
42.6
41.6
41.9
41.9
43.1
37.8
40.0
42.5
42.0
42.1
43.5
42.1
42.7
42.4
43.9
40.2
41.6
42.8
42.3
40.5
43.0
41.7
41.9
41.4
43.3
39.6
40.7
41.8
41.4
41.0
42.8
41.2
41.8
41.7
43.0
38.3
40.6
41.7
41.1
'41.0
43.1
41.5
41.7
'41.8
'42.3
' 39. 2
'40.5
'41.9
' 41.5
'40.6
42.8
41.2
41.5
'41.7
'42.0
'39.8
'40.1
41.1
'41.4
40.5
42.5
'40.7
'41.3
41.3
41.8
39.7
39.4
'41. 6
Ml.O
39.5
42.1
41.3
45.2
38.6
42.3
42.8
38.7
38.4
37.6
37.7
39.4
42.0
41.0
45.0
40.5
41.9
43.7
38.0
38.5
38.1
38.0
39.9
41.4
40.5
44.0
40.0
41.9
41.8
39.2
39.7
39.3
39.0
40.3
42.3
41.5
44.4
42.5
41.8
41.4
40.3
40.2
40.1
39.3
40.3
41.8
41.9
43.4
40.7
41.6
40.8
40.4
40.5
40.6
39.9
40.1
41.7
43.4
43.5
36.2
41.5
41.2
38.5
40.4
40.5
39.8
40.5
42.1
44.4
43.6
37.7
41.3
40.9
39.2
40.8
41.0
39.1
39.8
41.1
41.7
43.8
38.2
40.9
40.3
38.5
40.1
40.4
38.0
39.8
40.7
40.0
43.9
38.0
41.2
40.4
36.9
40.1
40.2
38.5
40.0
40.8
40.3
'43.4
37.6
'41.6
'40.2
' 37. 8
40.0
'40.0
'38.7
39.5
40.3
39.9
'43.0
36.6
'41.2
'40.6
37.3
39.2
39.6
'37.3
39.5
40.9
40.4
44.1
37.3
41.3
41.6
'37.0
'39.3
40.1
37.1
" 41. 6*
"40.8
"41.9
"41. 9
"42.4
"40.8
"41.0
"41.5
"40.9
"39.6
"41.1
"37.1
"39.4
Apparel and other finished textile products
'36.6
"36.5
37.2
37.3
37.2
37.2
37.1
36.1
35.8
37.3
37.7
37.1
36.7
hours. .
37.7
36.8
35.8
36.1
36.2
34.2
37.5
36.4
36.7
33.7
38.9
37.7
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
37.4
38.4
38.8
38.2
36.9
'38.4
37.9
37.3
39.0
38.0
37.5
37.9
clothing
hours
35.3
36.1
36.2
35.2
35.9
34.7
36.0
35.5
34.6
36.4
'36.3
34.8
Women's outerwear
do
42.9
"43.1
44.0
43.8
43.1
42.4
43.0
43.8
43.5
42.5
43.0
43.1
'43.3
Paper and allied products
do
44.0
44.4
44.2
44.0
44.5
43.6
44.0
43.1
43.4
44.0
43.9
44.0
Pulp paper, and paperboard mills do
Printing, publishing, and allied industries
38.9
39.5
39.0
39.0
38.6
' 39.1
38.8
"38.6
38.7
38.9
39.3
38.8
38.6
hours. _
36.7
36.4
36.3
35.4
37.1
36.4
36.1
36.5
36.4
36.1
35.7
'36.0
Newspapers
.__
do
39.9
40.2
40.4
40.8
40.3
40.5
40.2
40.3
39.9
40.0
40.4
Commercial printing
do
'40.5
'41.4
41.2
41.7
41.7
41.5
40.9
41.1
41.3
41.5
'41.5
41.3
40.7
"41.4
Chemicals and allied products
do
41.2
41.3
40.9
41.0
40.3
40.8
40.7
40.6
40.7
40.3
40.4
40.8
Industrial organic chemicals
do
40.9
'40.9
40.6
40.9
41.2
40.3
40.6
40.9
41.4
'40.5
'40.5
40.7
"41.0
Products of petroleum and coal _ _ do-_.
40.2
40.5
40.7
40.2
40.2
40.4
40.3
40.5
40.5
40.4
Petroleum refining
-_do
40.1
40.8
41.9
41.1
41.5
41.1
40.5
40.6
40.9
39.6
41.3
'41.3
41.1
Rubber products
do
'41.6
40.2
40.2
41.1
40.5
41.1
40.8
40.8
40.6
40.7
40.7
39.8
'41.7
Tires and inner tubes
do
39.6
37.6
38.2
39.4
37.9
37.4
39.3
39.6
38.5
38.2
38.5
39.3
"38.3
Leather and leather products
do
37.2
39.3
36.3
39.4
39.1
39.3
39.7
38.1
38.3
37.3
36.7
37.8
Footwear (exceDt rubber) _
do__
' Revised.
" Preliminary.
JSee note marked "$" on p. S-ll.
fRevised series. Indexes have been shifted to new base period; monthly data for 1919-46 are shown on pp. 19 and 20 of the October 1952 SURVEY; monthly data for 1947-52, revised to adjust
to the latest benchmark, are available from the compiling agency.
§Total includes State engineering, supervisory, and administrative employees not shown separately.
c?Data beginning March 1952 have been revised to include estimated totals for the Postal field service in Maryland and Virginia segments of the metropolitan area; figures through February 1952 cover only the employees in the headquarters office of the Post Office Department and the Washington, D. C., city post office.
SURVEY OF CURRENT BUSINESS
August 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-13
1953
1952
June
July
August
September
October
November
December
January
February
March
April
June
May
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITION S—Con tinned
Average weekly hours per worker, etc.J — Con.
Nonrnanufacturing 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
Telegranhf
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)
hours
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers . do
Service and miscellaneous:
Hotels, year-round
. _ _ _ . do
Laundries
do
Cleaning and dyeing plants
do
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
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
Veterans' unemployment allowances :tf
Initial claims
thousands
Continued claims
._
. . _ do ._
Amount of payments
thous. of doL,
Labor turnover in manufacturing establishments:
Accession rate .monthly rate per 100 employees, _
Separation rate, total- ..
do
Discharge
do
Lay-off
do
Quit.. _
do _._
Military and miscellaneous
do
r
43. 0
'25.6
32.0
43.4
30.8
34.1
40.7
r
44 6
'37.2
38 9
T
36 8
41.0
44 9
37.6
39 9
37.1
41 6
41.2
45.2
38 3
41 6
41.2
45.7
38 7
42.4
41.2
40.4
40.3
40.4
39.2
T 34 7
T
38. 9
r
45.0
39.1
34 6
38.9
44.9
39.1
34 6
38.9
45.1
42.0
41.8
41.4
42 0
r
42.4
30.1
28.5
43.0
26.7
28.1
43 9
29.2
36.2
44 9
34.1
38.9
44 3
32 1
32.3
43 5
35 8
35.5
43 5
34 5
36 4
43 0
28 3
35 4
42 9
34 7
32.7
41.3
45 8
39.5
42 2
38.8
41.0
44 9
39.2
41 8
38.5
40.5
45 8
39,3
42 4
38 5
41
46
39
43
38
3
4
8
6
8
40
46
39
43
38
6
4
6
1
7
41
44
37
39
37
5
6
5
0
1
40
44
38
40
38
8
0
5
1
2
41
42
37
38
36
2
8
2
5
9
40 5
43 9
37 4
38 9
37 1
47.1
39 0
44. 5
41.2
46.9
39 3
44.8
41.5
47.0
39 0
44 5
41.4
46
39
42
41
0
0
6
6
45
38
42
41
9
9
3
6
45
38
41
41
5
9
9
9
46
38
42
41
0
8
1
6
44
38
41
41
5
6
6
7
44
38
41
41
40.5
40.6
40.6
40 7
40 7
40 7
40 9
40 4
40 5
40.3
36.4
40. 5
36 6
40.8
45.2
39. 7
35 3
39 8
45.2
39
34
39
45
4
8
3
4
39 0
34 4
39 3
45. 1
39
37
39
45
39
35
39
45
3
0
2
3
39 2
34 7
39 1
45.0
r
40.2
45.3
40.6
36.6
40.7
45.4
42.6
41.8
42 6
42.4
41.2
40 3
42.6
40 6
40 3
42.4
41 0
41 5
42 4
40 9
41 9
42.3
40 5
40 5
42 9
41 2
41 0
42 4
41 0
40 2
42 3
40 5
39 4
'42.1
r
40 6
r 40 2
435
201
433
166
494
228
522
250
459
450
269
99
179
34
350
200
350
120
450
180
650
990
15, 000
1.80
650
866
12, 700
1.46
675
380
2 810
33
700
378
3 390
39
650
584
5 000
53
475
215
1 560
20
350
82
854
09
500
250
1 250
15
550
200
1 000
12
650
230
1 100
12
581
556
588
658
641
507
467
474
455
978
4 255
1,585
4 961
733
4 301
568
2 985
679
2 746
690
2 576
1 126
3 844
1,074
4 602
761
4 223
918
83, 511
871
88 612
980
95 389
631
62 094
530
54 227
536
47 730
672
69 068
953
94 360
17
49
988
26
93
2,101
(i)
(i)
(i)
(i)
(i)
(i)
0)
U
2
2
8
0
4
4
43 1
26. 6
33.1
r
r
40.7
44 1
37 1
r
38 3
T
36 8
r
r
r
8
3
5
2
44 9
r 38 2
r
r
r
40 8
40 9
r
500
275
525
270
500
250
700
350
2 500
27
750
370
3 000
34
725
400
3 750
40
521
553
577
612
831
4 288
888
4 081
802
3 567
825
3 587
956
86 827
930
92 308
840
82 990
772
72 144
734
72 033
31
134
3,274
24
152
3,671
23
168
4,407
20
151
3,892
19
125
3, 144
24
127
3,095
4.4
3 8
3
9
2 1
4
4.2
3 6
4
8
2 2
4
4.4
4 1
4
8
2 5
3
4.3
4 3
4
q
2 7
g
'4.1
"5.1
v4 2
v 4
vI o
v2 5
71 40
76 96
76 70
r 71 f)3
r> 79 Q4
r 77 iQ
r 78 06
•P 77 Q\
65.35
<• 66. 42
66 10
1
28
1
25
1
13
4.9
3.9
3
1.1
2.2
.3
4.4
5.0
.3
2.2
2.2
.3
5.9
4 6
3
10
3.0
3
5.6
4 9
4
5.2
4 2
4
4.0
3 5
4
3.5
3
2 8
3
2 1
3
3.3
3 4
3
10
1 7
3
66.83
71.69
77 87
65 44
69.55
75 72
67 23
72 10
74 21
69 63
75 42
79 85
70 38
76 38
78 26
70 98
76 26
75 03
72 14
77 78
76 73
71 34
76 91
75 85
71 17
77 15
77 38
71 93
77 5°
77 46
65. 57
65. 83
59 71
65. 35
64.21
63. 43
58 18
64.08
67. 20
66. 56
60 03
65 92
67. 23
66 91
62 31
67 48
66.62
66 72
63 33
69 47
65. 92
65 76
63 15
68 97
65. 00
64 37
64 63
69 31
63. 09
62 47
62 51
68 91
63. 96
63 34
62 67
69 29
r 63 65
r 70 21
61. 23
72.80
60.29
71. 31
62.31
77 97
63.12
81 79
64.71
81 77
64. 64
82 80
65. 53
84 O 9
64. 15
84 65
66.23
70.66
72.01
82.21
87.12
84.45
86.31
86.51
89. 01
85.89
74.40
75 42
76 54
77 56
77 00
77 79
78 58
79 61
79 65
79 27
79 07
79 46
69.77
67. 66
70. 58
74. 52
75 65
75. 90
78.37
76.74
76.80
77.59
77. 23
' 76. 86
69.55
70.82
73.39
73.34
75.78
83 52
71 57
74.21
83 03
71 28
73. 89
83 46
71 69
73.31
80 94
70 72
72. 90
82 99
71 72
85 48
89 25
84 48
72.95
76 80
74 38
64 96
87 11
90 31
86 04
77. 99
81 12
85 06
86 94
85 73
76.03
79 37
73 57
64 17
85 69
87 99
85 14
76.60
79 98
73 39
64 12
9
6
2
r4 4
4
r 1 0
2 7
3
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, clav, and glass products
do
Glass and glassware, pressed or blown
dollars...
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, and trans, equip.)
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 nroducts
do
Miscellaneous mfg. industries
do
78.81
67.72
76.36
67.97
65 90
77. 70
67 97
79 85
69 89
75.12
80 70
70 89
79.15
79.19
75 65
71.44
80.51
74.34
76.11
69. 60
58.61
78 18
77 95
79. 95
75.36
76 97
70.21
60 64
84 82
88 20
84 15
77. 16
76 02
73 43
62 82
86 48
92 23
83 42
75. 65
76 80
74 20
63 99
80.28
75.48
78. 53
70. 97
59. 90
65 57
83 21
r
64. 21
63 43
r
64 46
63 04
70 45
r
67. 80
r 84 23
r
r
r
r
85. 89
74.21
84 05
r
r 72 21
85 49
88 20
84 18
78.79
81 41
73 74
61 74
79 46
p 68. 22
r 70 86
P 62 73
P 70 18
68. 17
83 43
68.57
r 83 83
P 85 48
84.65
86.94
85 49
r 87 99
r 8'-$
r
p
r
,8
80. 00
r 81 4()
71 93
r 64 58
r 62 58
p 76. 68
r 8'> 88
P 83 jo
70 82
p 71 40
84 67
86 73
82 76
80. 19
79 98
r 73 63
r 64 37
P 85 69
r
r
P 73 46
p 64 21
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
Au.ii'usr il»r>3
19 53
1952
June
July
September
A ugust
October
December
November
March
January i
April
i
May
June
EMPLOYMENT AND POPULATION—Continued
[
1
WAGES—Continued
Average weekly earnings, etc.* — Continued
All manufacturing industries — Continued
Nondurable-goods industries
dollars
Food and kindred products
_do _ _
Meat products
do
Dairy products
do
Canning and
preserving..
_
_._
_do
___
Bakery p r oducts
do
Beverages. . _ _ _ _ _ _ _
_ __do__ ..
Tobacco manufactures
do
Textile-mill products
do
j
Broad-woven fabric mills
do
i
Knitting mills
_
_._do _ j
Apparel and other finished textile products
dollars.. _
Men's and boys' suits and coats
do
Men's and boys' furnishings and wrork
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 . - _ - _ _ d o ,
Petroleum refininsr
do
Rubber products _ _ _ _ _ _ _ _ _ __do _
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do___
Noninanufacturing 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
Non building construction
do
Building construction _. __ _ _ _ _ _ _ d o _.
Transportation and public utilities:
Local railways and bus lines _
do . .
Telephone
do
Telegraph t
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
. __
do _
Retail trade (except eating and drinking
places)
dollars
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers do
Finance, insurance, and real estate:
Banks and trust companies
do
Service and miscellaneous:
Hotels, year-round. _.
_ _.
do _ _ .
Laundries
.
._ do _ _ .
Cleaning; and dyeing plants
do
Average hourly earnings (U. S. Department of
Labor) :t
All manufacturing industries
dollars
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
_ _ _ do __
Glass and glassware pressed or blown
dollars. .
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars .
Primary smelting and refining of n on ferrous
metals
dollars
"Fabricated metal prod, (except ordnance,
machinery, transportation equipment)
dollars .
Heating apparatus (except electrical"! and
plumbers' supplies
dolla r s
Machinery (except electrical)
do
Electrical machinery.
. do
Transportation equipment
do
\utomohiles
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 product?
_
Be ve rases
.. .
r
Revised,
*> Preliminary.
61.45
62. 51
69.26
63. 80
52. 80
62 01
72. 31
45 47
53. 60
52.66 i
49. 53 1
62. 06
63. 03
70.55 !
65. 71
54. 40
62. 70
71. 62
45. 54
54. 67
54. 14
50. 30
62 06
63. 54
71. 65
64.23
54. 13
62. 40
70. 18
46.06
55. 08
54. 81
51.07
62.56
64. 64
75.08
65. 25
48.51
62.67
72. 51
45.05
55. 35
54. 68
50. 91
63. 59
65. 68
77.26
65.81
51. 65
62.78
71. 98
46. 26
55. 90
55. 35
50. 05
62. 88
65. 35
74. 23
67. 45
52. 72
62. 58
70.93
46. 59
54. 94
54. 54
49. 02
62. 88
64. 71
70. 00
67. 61
53. 20
63.04
71.51
45. 39
54.94 i
54. 27
50.05
i
63. 20
' 63. 36
62.81 :
63.60
65. 85
* 66. 58
64.48 i
' 65. 28
71.91
70.62 I
-•71.33
' 65. 97 i ' 65. 79 67.47 !
51. 85 1
53.02 ! ' 51.61
64.43 '
' 63. 65 '63.45
'71.96 i ' 73. 08 r 75.71
4ti. 99 ~M7.~49~
' 47. 63 ! 47.37
r
53. 84
/- 53. 9 S
53.70
54. 80
53. 73
' 53. 60 53. 06
' 50. 31 ! ' 48. 49 47.86
45. 85
50. 96
60. 68
63. 42
69. 70
6-1.80 i
52. 25 |
62 43
75. 16 i
46 36
51. 98
51.05 '
47.88 !
!
46. 18
49. 54
48. 60 j
54. 30
49. in
55. 42
18. 73
54. 51
48. 36
53.70
48.86
54.83
48.81
5-1. 96
49. 98
57. 30
'47.21
48.23
49.76 !
' 59. 13 ' 56. 63 56. 93 '<
40. 13
49. 13
68.00
72.41
39.48
51.85
68. 26
74. 21
41.04
54. 72
69. 82
74.12
41.64 !
54.32
70.91 !
75. 68
42. 51
51. 70
71.83
76. 47
42.29
51.71
72. 27
77. 26
41.47
54.30
72. 60
77.43
40. 66
54.93
71. 55
77.00
41.31 i
55. 69
71.81
77.26
41.69
'41.86 i
' 54. 45 51.98
"71.81
'72.31
' 77. 44
77.44
81. 48
87. 36
80.40
70. 28
74. 56
84. 66
87. 67
75. 26
87. 95
50. 04
47. 63
81.45
86. 64
80 60
70. 00
75. 14
88.18
90. 98
72. 07
84.38 j
50.05
47.88
82.08
87. 00
80 20
70. 35
75. 52
87. 53
90 45
73. 49
85. 46
51. 88
50. 42
83.71
89.06 1
81.41
71.04
76. 92
88.99
91.94
75. 21
86. 28
51. 21
48.77
83. 07 !
88.82
81.61 i
71.38
77.08
87.91
90. 85
75. 53
85. 88
51. 19
47.99
83. 07
88. 57
81.20
72. 56
78. 06
87.94
91.98
76. 86
87. 23
50. 76
47. 19
84. 93
91. 61
83.64
72.98
78.28
88. 10
92. 34
79. 19
90. 42
53. 46
51.09
83.21
86. 38
82.42
72. 51
77 33
88.10
91.94
78. 09
89.24
53. 06
51. 48
83.76
87.82
82.19 i
73.10 i
77.38
87. 45
91.03
' 79. 30
91.80
53. 19
51. 61
79.29
66. 82
61,41
80.41 ,
59. 27
63. 51
81.22
65. 70
80.73
85. 76
76. 73
87.91
84. 61
71.58
75. 58
85. 26
80. 91
86. 27
84. 83
85. 56
91.73
84. 71
70. 75
87.79
84. 08
86. 75
81.42
'84.28
'84.48 !
' 65. 70 '62.72 >
79.36 |
81.76
85.49
71.45
87.30
86. 93
87. 30
85. 69
70. 49
87.81
86. 53
88.17
85. 86
73. 28
89.21
90.31
88. 94
89.21
75. 17
91.94
94.18
91. 18
86. 48
75. 63
92. 66
94. 39
92. 11
90. 47
73.14
88.13
85. 02
88.67
87.72
71.28
90. 86
87. 02
91.68
89. 40
70. 19
88.16
83.93
88. 93
88.29
70. 85
89. 01
85. 19
89.78
' 88. 73
'72.77 i
'88.67 !
'84.26
' 89. 79
76.77
60. 84
72. 54
74. 57
78. 32
62. 49
73.02
75.12
78. 49
62.01 1
72.09
74. 52
77.74
62.79
74. 55
76. 13
77. 57
63. 80
74.87
76. 96
77.81
64. 57
73.74
78.77
78.66
63. 63
74. 10
78.21
76. 01
63. 69
73. 63
78. 40
76. 61
63. 58
73.46
77.46
' 76. 78 ' 77. 29 ! 78.60
64.63
' 63. 03 63.20
75.90
73. 63
73.63 •
79. 10
' 77. 87 ' 78. 69
67.23
67.80
68.21
68.38
69.19
69.19
69. 53
69. 08
69.66
' 69. 89 <• 70. 12 ;
71.10
53.70
38.17
57. 48
71,55
' 53. 70 53.96 i
' 37. 82 r 38. 06
' 57 57 57 57 '•
' 72. 90 ' 74. 53 ,
54. 35
38.41
57 96
74.87
54. 36
60. 44
63.99
69.80
65. 09
50. 57
62. 60
73. 19
46. 83
51.84
50. 38
47. 50
53. 60
39.31
57. 08
71.57
54. 00
39. 16
57.79
70. 82
53. 87
39. 53
57. 53
69. 61
53. 20
38. 12
56. 52
70.51
53. 19
37.93
56. 59
71.73
53. 45
38. 85
57. 62
71. 12
41. 14 i
50.48 :
72. 07 "~""72.~84"
77.88
1
r
So. 58 i '' 84. 92
' 85. 24 84.97
92.48 !
'89.28 | '91.36
83.39
' 83. 84 i 83.60
73.87 ! ' 74. 29 j'74.93 j
79. 76 i
79.15
79. 56 !
T
87. 89 i '88.29 ; ' 89. 16 /• 88.87
91.88
91.71
91.66
78.57 !
'80.29 i '79.71
91.76
'91.39
'93.83 ;
/• 52. 47
' 53. 84 ' 51. 92 51.61
48.81
' 52. 00 T 49. 61 i
r
85.93 !
76.69 i
84.23
88. 56
87.91 'i
75. 43
'74.04
89.49
'88.54
' 84. 80 ; 87. 38
'89.42 i
90. 15
.....
51. 96
52.41
52. 48
52. 41
53. 07
53. 42
53.56
54. 29
54. 61
' 54. 40 ' 54. 26
36. 64
39.71
47. 29
36.89
38.73
44. 33
37. 06
38. 16
44. 33
36. 89
38. 95
46.07
37.31
38. 86
46. 51
37.22
38.88
1^.96
37. 75
39. 55
45. 92
37.31
39.36
45. 02
37.65
38.88
43. 73
' 37. 38 ! 38. 04
'37.47
' 39. 38 39.58 i
40.16
' 45. 02 ' 45. 81
47.88
1.65
1.74
1.79
1.64
1.73
1.79
1.66
1.76
1.81
1.69
1.80
1.87
1.70
1.81
1.85
1.71
1.82
1.83
1.73
1.83
1.84
1.74
1.84
1.85
1.74
1.85
1.86
1.75
1.85
1.88
1.75
1.85
' 1.88
' 1.76
' 1.86
'1.90
* 1. 77
* 1. 87
p 1.91
1.55
1.56
1.46
1.59
1. 57
1.57
1.44
1.59
1.60
1.60
1. 45
1.60
1.62
1.62
1.44
1.63
1. 57
1. 60
1.49
1.65
1.60
1.60
1. 50
1.67
1.57
1.57
1.51
1.67
1.55
1. 55
1.51
1.68
1.56
1.56
1.51
1.69
1.57
1.57
'1.53
1.70
1.59
1.58
1.53
1.71
1.62
1.62
1.53
'1.72
* 1. 64
1.55
1.82
1.57
1.81
1. 55
1.93
1.59
1.99
1. 59
1.98
1.62
2.00
1.61
2. 01
1.62
?. 03
1.66
2.01
1.67
'2.02
1.70
' 2. 02
1.71
' 2. 02
1.92
1.91
2.04
2. 13
2.08
2. 10
2.11
2. 15
2.10
'2.10
' 2. C9
2. 10
1.78
1 80
1.84
1. 86
1.86
1.87
1.88
1.90
1.91
1.91
1.91
1.91
"1.53
* 1. 72
* 2.04
1.71
1.70
1. 73
1. 77
1.78
1.79
LSI
1.81
1.82
1.83
1.83
1.83
i- 1. 83
1 73
1.85
1 67
1 71
1.84
1 . 66
1 74
1.85
1.67
1. 76
1.87
1.68
1.78
1.89
1. 70
1.78
1.90
1.70
1.8(
1.92
1. 7(
1.80
1.93
1.72
1.81
1.94
1.73
1.81
1.95
'1.74
' 1.82
1.95
1.74
1.81
' 1.95
1.74
* 1. 96
1.94
2 01
1.88
1.85
1 92
1.71
1. 49
1 92
1 99
1 89
1.84
1.87
1.71
1.48
1.94
2 03
1 89
1.87
1.91
2.01
2. 11
1 . 93
1.91
1.91
1. 74
1.51
2. 03
2. 14
1.94
1.92
1.92
1. 75
1.52
2.04
2. 13
1.96
1.93
1.92 !
1. 75 I
i. 53
2. 04
2. 13
!.9(
1.94
1.95
1. 77
1. 5"
2. 03
2. 10
1. 98
1.92
1.95
1. 76
1. 55 I
2.05
2.11
1.98
2.00
1.97
1.76
1.56
2.05
2.11
' 1.99
'2.01
'2.01
1.76
'1.56
2. 06
2.11
r
1. 99
r
2. 01
r
2. 03
1.75
T
1.56
'2.05
2.10
1.98
2.02 j
2.03
'1.77 |
1.57
* 2. 09
!
'
!
1.5"
1. 5f
1.74
1. 51
1.37
1.52
1. 7(
1. 58
1. 59
1.78
3.54 1
3.38 ;
1. 53
1. 76
1.58
1. 59 i
1.75 1
1.54
1.40 i
1 . 53
1. 77
1.59 1
'1.60
'1.77
1. 52 ;
1.41 !
1.53
1.79
1. 59
1.60
1.77
1.60 |
1.61
1.78
1.53
1.39
1.56
1.82
/-1. 60
* 1. 62
L 49
1. 54 j
1.54
do
1.53
1.54
1.5-1
1.52 !
1. 52
1. 51
1.49 I
1. 51
do
1.70
1.70
do
1.69
1.71
I. 7
1.44
1.44
1.45
1.48
do
1.48 !
do___
1.32
1.28 i
1.33
1.31
1.29
1. 50
1 . 50
1.49
.
do_ _
1.48
1.48
1.72
1, 73
1.72
1.73
1.71
_
do
JSee note marked "J" on p. S--11.
fRevised series. See note "t" on p.
_
52. 54
38.48
57. 13
71. 28
52.65
37.15
56.99
71.26
*• 4S. 55
1 . 56
1.55
1.73
1. 50
1.31
1. 51
1. 76
S-13.
i
'
1.53
r
1.41
1.54
1.80
r I. 75
rl. 77
* 1. 57
SURVEY OF CURRENT BUSINESS
August l!l")3
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-15
1953
1952
June
July
August
Septem-
October
vember
December
January
February
April
March
May
June
EMPLOYMENT AND POPULATION—Continued
WAGES —Continued
Average hourly earnings, etc.t — 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 a n d leather products _ _ _ _ _ d o
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
Non metallic 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 Wholesale and retail trade:
Wholesale trade
_ _.
__do.
Retail trade (except eating and drinking
places)
-- _
dollars
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers .....do _
Service and miscellaneous:
Hotels year-round
do
Laundries
do
Cleaning and dyeing plants _ .
_ . do _
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr
Skilled labor
do
Farm wage rates, without board or room (quarterly)
dol. per hr
Railway wages (average, class I)
_
do __
Road-building wages, common labor. . _ do _ _
1.21
1.35
1 34
1.26
1.22
1.35
1 34
1 26
. 16
.35
34
27
1.13
1.36
1 35
1 28
1.14
1.36
1 35
1 28
1.17
1.37
i 35
1 28
1.18
1.37
1 35
1 28
1 21
1.37
1 35
1 29
1.23
1.37
1 35
1 30
1.27
1.49
1.29
1.47
.31
.50
1.32
1.51
1.31
1.51
1.30
1.50
1.31
1.49
.33
.51
1.34
1.52
1.07
1.42
1 60
1.68
1
1
1
1
07
49
61
71
08
52
1 62
1 70
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
08
50
65
74
09
53
66
1 09
1. 53
1 67
1 76
2.10
2 40
2 00
1.71
1 85
2.11
2 40
2 00
1 72
1 86
2.11
2 41
1 99
1 72
1 86
2.13
2 44
2 01
1 72
1 89
2.13
2 44
2 02
1 72
1 88
2.13
9 44
2 02
1 74
1 go
2.15
2 47
2 05
1 75
1 90
2.15
2 44
2 04
1 76
1 90
2.17
2 46
2 06
1 77
1 92
2 08
2 17
1.84
2 14
1.31
1 26
2
2
1
2
1
1
2
2
1
2
1
1
2
2
1
2
1
1
16
27
83
12
33
28
215
2 26
1 82
2 11
1 34
1 29
2
2
1
2
1
1
2
2
1
2
1
1
2
2
1
2
1
1
2
2
1
2
1
1
1 87
2.22
2 26
1 87
2 22
2 26
1 85
2 25
2 23
1 91
2 25
2 26
1 91
2 23
2 34
1 96
2 26
2 43
1 95
2 48
2 52
1 97
9 50
2 48
1 96
2 50
2 49
2.07
1 56
2.21
2 06
2 25
2
1
2
2
2
09
57
24
07
29
2
1
2
2
2
12
60
27
13
31
2
1
2
2
2
16
62
31
16
35
2
1
2
2
2
13
63
34
19
38
2
1
9
2
2
18
64
35
18
39
2
1
2
2
2
15
62
36
17
40
2
1
2
2
2
1
2
2
9 4]
18
64
38
19
0
42
1 63
1.56
1 63
1.81
1
1
1
1
67
59
63
81
1
1
1
1
67
59
62
80
1
1
1
1
69
61
75
83
1
1
1
1
69
64
77
85
1
1
1
1
71
66
76
88
1
1
1
1
71
64
76
88
1
1
1
1
1
1
1
1
13
23
82
12
30
25
14
25
81
11
31
27
09
53
63
72
09
49
64
73
09
47
65
74
15
26
87
17
35
30
17
28
89
20
35
30
17
27
90
22
35
31
17
64
37
18
71
65
77
88
17
27
92
25
35
31
71
66
77
88
r
r
1.26
1.37
1 34
1 30
1.27
1.37
1.34
1.30
'1.27
1.37
1.34
1.29
v 1. 2S
» 1. 37
1.32
1.52
1.30
'1.51
1.29
1. 51
"1.33
I 09
1. 50
1 67
1.76
r
1.10
1.44
1.67
1.77
1.10
1.43
1.68
1.77
2.19
'2.20
2.52
2.09
r
1.81
1. 95
v 2. 20
r
p 2 17
2.18
2 48
2 07
1.78
1 94
' 2. 51
2.09
'1.79
1.95
2 17
2 27
1.93
2 25
1.37
1 33
2.18
2.28
1.93
'2. 24
r
1.37
' 1.33
1.96
2.47
2 47
1 96
2 45
2 48
1.98
2.49
2.47
2.18
1 65
2.39
r
2 20
2 44
2 16
1 66
2 38
2 43
2. 16
1.68
2.38
2. 19
2.43
1 71
1 65
1 77
1 91
1.72
1.67
1.79
1.92
1 74
1. 76
1
1
1
1
38
10
48
66
1.39
1 11
1.49
1. 66
T
r
r
T
r
T
r
r
r
p 1.83
2. 18
2.28
1.94
2.26
1.38
1.33
r 2 18
1 71
1.65
1 77
1.89
v 1. 69
p 1.37
1.66
1 67
1 68
1 68
1 70
1 70
1 70
1 71
1.33
1 08
1.42
1.58
1.33
1 07
1 42
1. 56
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
86
.95
1.11
87
94
1.10
87
94
1 10
87
95
1 11
88
95
1 11
88
96
1 11
88
96
1 12
88
96
1 12
89
96
1 11
89
97
1 12
89
97
1 12
91
97
1. 14
1.706
2.808
1 755
2.849
1 793
2.885
1 803
2 909
1 817
2 921
1 817
2 937
1 817
2 937
1 817
2 942
1 817
2 946
1 821
2 949
1 824
2 950
1 824
2. 955
1.821
87
1.835
1.41
1.851
1.858
76
1 853
1.48
1 906
1 873
89
1 873
1 31
1 902
1 857
85
1 862
1.40
1.877
478
575
492
539
487
504
490
511
468
507
455
464
417
441
42H
408
408
696
386
720
2 253
1, 128
1, 106
22
365
760
313
825
2, 330
1. 156
1. 136
20
320
855
142, 175
50, 255
32, 283
1154, 106
56, 623
33,807
50, 389
25, 589
732
24, 246
21,356
50, 389
20, 976
20, 069
80()
25, 671
45.8
50, 243
25, 414
64
24. 746
21,286
50, 243
20, 396
19,561
33
08
41
54
34
08
42
56
35
09
44
58
35
08
45
58
32
04
45
57
36
11
47
57
1 72
1
1
1
1
37
10
47
59
1. 73
1 37
r 1 09
T
1 48
1 62
r
1 852
2 979
« S9
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 t o cooperatives .
_ _ _ - . _ .do ._
Short-term credit
do
Bank debits, total (345 centers)!
New York City
_ ._.
6 other centers 9
do
... _ -do
do
Federal Reserve banks, condition, end of month:
Assets, total
mil. of doL .
Reserve bank credit outstanding, totaL.-do
Discounts and advances
do
United States Government securities. --do
Gold certificate reserves
do
Liabilities, total
do
Deposits, total
- --. . _ - . .. do_ .
Member-bank reserve balances
do
Excess reserves (estimated) . .. . -do. .
Federal Reserve notes in circulation
do
Reserve ratio
percent
416
495
450
539
454
550
454
565
414
775
433
725
2 221
1 102
1, 078
23
421
697
150, 486
54, 893
32, 322
127, 665
44, 209
27, 064
165. 140
63, 091
35, 179
145, 988
52, 048
31,660
129, 319
45, 749
28, 126
153,511
53, 898
35, 339
52, 492
26, 740
1,895
23, 821
22, 145
52, 492
22, 583
21, 149
795
25, 949
45.6
51, 852
25, 825
156
24, 697
21, 986
51, 852
21, 344
19, 950
-570
26. 250
46.2
51, 948
26, 478
1,735
23, 944
21, 790
51, 948
22,515
20,611
614
25, 638
45.3
51, 493
26, 194
1,309
23, 875
21, 480
51,493
21, 770
20.511
715
25. 681
45.3
50, 202
24, 927
485
23, 806
21, 367
50, 202
20, 421
19,322
-285
25, 560
4(). 5
2,313
1,074
1,046
27
343
896
350
908
352
896
2,260
1,088
1,062
26
369
803
139, 759
53, 385
29, 305
137, 334
50, 472
29, 483
122, 200
42, 778
25, 550
136, 067
49, 131
28, 611
48, 939
23, 551
59
22, 906
22, 143
48, 939
20, 559
19, 381
-192
24. 826
48.8
50, 252
24, 821
1,270
22, 853
22, 146
50, 252
21,952
20, 323
495
24. 843
47.3
50, 496
25, 216
1,318
23, 146
22, 147
50, 496
22, 056
20,411
835
25,119
46.9
50, 479
24, 747
477
23, 694
22, 147
50, 479
21,455
20. 066
319
25. 215
47.5
449
591
51,341
25, 855
1, 591
23, 575
22, 140
51, 341
22, 273
20,616
620 !
25,426
46.4 :
333
794
r
145, 740
52, 038
32, 742
50, 558
25, 546
1,014
23, 880
21,383
50. 558
21, 055
19, 740
351
25, 598
45. 8
r
Revised.
*> Preliminary.
\ See note marked "+" on page S-ll
t Re vis ed series, See note "t"on p. S- 13 regardii ig coverag ^ of data f 3r telegrap h industry .
been revised to include additional centers and to n'.present d( 'bits to d( rnand dep osits.
§ Rates as ol Julv 1, 19 53: CcmnHm labor, * 1.877; skill ed labor, 53.021.
9Includes Boston, Philadelphia, Chicago, Detro it, San Fn ncisco. an 1 Los Ang( les.
« \lute as of J ily 1, 1953
r
v 40
25, 831
46. 0
Bank d 3bit
SURVEY OF CUKRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August 1953
1953
1952
June
July
September
August
October
November
December
January
February
April
March
May
June
FINANCE—Continued
1
BANKING—Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month: §
Deposits:
' 52, 409 r 53, 479
Demand, adjusted
mil. ofdol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of doL- ' 53, 509 ' 53, 879
' 3, 749 ' 3, 750
States and political subdivisions
do
' 6, 995 ' 4, 860
United States Government
do
T
16, 894 " 16, 917
Time, except interbank, total
do
Individuals, partnerships, and corporations
mil. of doL- ' 15, 947 ' 15, 947
States and political subdivisions
- do - - r -768 r * 784
12, 059
11,337
Interbank (demand and time)
do
Investments,
total
do ... ' 41, 583 ' 41, 362
IT. S. Government obligations, direct and
r
' 34, 044
33, 726
guaranteed, total
mil. of doL
' 3, 789 ' 3, 366
Bills
do
' 3, 954 * 3, 763
Certificates
do
r r20, 299 ' 20, 575
Bonds and guaranteed obligations
do
6, 002
' 6, 022
Notes
do - r
7, 539
* 7, 636
Other securities
do
' 36, 865 ' 35, 716
Loans (net), total
do
" T20, 738 ' r20, 756
Commercial, industrial, and agricultural. . do
2, 807
1,999
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
'800
'728
mil. of doL.
r 5, 812
r 5, 850
Real-estate loans.
. _ ._
do ...
"762
'396
Loans of banks
do
r
r
6, 507
6, 552
Other loans
do
IVToney and interest rates:cf
Bank rates on business loans:
3.51
In 19 cities
percent
3.27
New York City
do
3.46
7 other northern and eastern cities
do
3.90
11 southern and western cities
do
1.75
1.75
Discount rate (N. Y. F. R. Bank)
do
2.73
2.72
Federal intermediate credit bank loans
do
4.17
4.17
Federal land bank loans __
do
Open market rates, New York City:
1,75
1.75
Acceptances, prime, bankers', 90 days ..do. 2.31
2.31
Commercial paper, prime, 4-6 months
do
2.38
2.38
Call loans, renewal (N. Y. S. E.)
do
2.56
2.56
Time loans, 90 days (N. Y. S. E.)
do
Yield on U. S. Govt. securities:
1.824
1.700
3-month bills
do
2.04
2.14
3 5 vear taxable issues
do
Savings deposits, balance to credit of depositors:
12, 678
12,730
New York State savings banks
mil. of dol.2,618
2,601
U. S postal savings
do
T
r
52, 982
53, 024
' 53, 941 ' r54, 526
' 3, 609 r 3, 568
' 3, 186
3, 601
r
16, 972 r 17,095
' 54, 314
' 55, 125
' 55, 373 ' 55, 546
53, 811
51, 802
54, 176
53, 708
52, 7<
r
' 56, 171 ' 58, 264 ' 56, 112
' 3, 610
' 3, 798 ' 3, 894
' 3, 836 ' 3, 567 ' 2, 362
r
17, 241 ' 17, 533 ' 17, 499
55, 342
3,790
3,309
17, 622
52, 785
3,828
3,934
17, 698
54, 608
4,241
1,426
17, 792
54, 185
4,041
1, 356
17, 917
54.2
3,9
2,4
18,0
16, 641
783
11 863
38, 936
16, 726
777
11, 983
37, 180
16, 799
803
11,382
36, 864
16, 901
829
11,734
36, 542
17,0
8
12,3
36,8
55, 508
3, 614
"
3, 487
T
17, 198
r
' 16,012
' 770
r
12,031
" 40, 043
r
" 16.r 144 * 16,266
'743
761
12 328 r 12 241
' 39, 642 '40,315
' 16, 289 ' 16, 569 ' 16, 528
'763
"770
'756
' 12 564 ' 13 689 ' 12,051
' 40, 796 ' 40, 382 " 39, 626
' r32, 368
2, 625
T
3, 268
" 20, 435
*r 6, 040
7, 675
' 36, 087
••21,200
r
1 471
r r32, 018
2, 568
r
2, 666
r r20, 404
6, 380
r
7, 624
r 37, 081
' r 21, 854
1 422
' 32, 819
' 3, 681
' 2 482
' 20, 343
'6,313
' 7, 496
' 37, 639
' 22, 457
' 1 444
' 33, 420
' 4, 545
' 2 488
' 20, 259
' 6, 128
" 7, 376
' 38, 452
' 23, 130
' 1 612
' 32, 967
' 4, 163
" 2, 467
' 20, 293
' 6, 044
' 7, 415
' 39, 104
' 23, 390
' 2 002
' 32, 143
' 3. 710
" 2, 458
' 20, 000
" 5, 975
' 7, 483
' 38, 687
'23,011
' 1 543
31,478
3, 156
2 271
20, 123
5,928
7,458
38, 775
22, 869
1 459
29, 547
1,701
2,115
19, 881
5,850
7,633
39, 647
23, 269
1,561
29, 249
1,583
2, 038
19, 857
5,771
7,615
39, 437
23, 133
1 540
29, 144
2,043
1,850
19, 599
5,652
7,398
39, 439
22, 690
1,547
29,4
2,5
2,0
19,3
5,5
7.3
39,6
22,5
1,7
r
778
5, 977
' 827
6, 789
'751
' 6, 032
'621
' 6, 904
'734
'6,081
'433
r
7, 039
'807
' 6, 095
' 151
r
7, 253
"799
' 6, 120
'480
" 7, 335
795
6,147
708
7 405
808
6,176
777
7, 665
789
6,214
611
7,760
779
6,257
930
7,847
7
6,3
9
7,9
2.00
2.72
4.17
2.00
2.72
4.17
3.
3.
3.
4.
2.
2.
4.
'801
"5,911
"615
r
6, 656
r
r
1.75
2.71
4. 17
3.51
3.33
3.49
3.84
1.75
2.71
4.17
2.00
2.71
4.17
2 00
2.71
4 17
3.54
3.31
3.50
3.90
2.00
2.72
4.17
1.75
2.31
2.63
2.63
1.75
2.31
2.63
2.63
1.75
2.31
2.63
2.63
1.82
2.31
2.63
2.63
1.88
2.31
2.63
2.63
1.88
2.36
2.63
2.63
1.88
2.44
2.90
2.80
1.88
2.68
3.22
3.10
1.
2.
3.
3.
1.786
2 28
1.783
2 26
1.862
2 25
2.126
2 30
2.042
2.39
2 018
2 42
2.082
2 46
2.177
2 61
2.200
2 86
2,2
2.
12, 786
2, 586
12, 896
2,572
12, 943
2,562
13, 046
2, 555
13, 257
2,548
13, 359
2,537
13, 421
2 524
13, 550
2,510
13, 626
v 2 496
13, 702
p 2, 478
13,8
P2,4
24, 050
17, 572
7 639
4 871
1,347
'-j 715
24, 525
17,927
7 866
4 9-43
1,376
3 742
25 705
18. 639
8. 1^0
5 301
1, 386
3 842
25, 508
18, 785
8,273
5 256
1,378
3 878
25 262
18 860
8 470
5 131
1 377
3 882
25 676
19, 267
8 778
5 154
1,383
3 952
26 172
19 656
9 074
5 185
1,401
3 996
' 26 715
' 20, 078
' 9 379
' 5 931
" 1, 426
4 042
27,0
20,4
9,6
52
1,4
4 1
14, 955
7, 352
4, 670
798
2, 135
15, 423
7, 576
4, 833
815
2, 199
15, 665
7, 696
4, 930
818
2.221
15 876
7 808
5 031
828
2 209
16,318
8,047
5,174
856
2 241
16, 714
8 253
5,312
880
2 269
"17.111
"8 433
5,480
902
2.296
17,4
8,6
5,6
9
2,3
3,216
1 101
900
336
879
3,120
1 068
865
343
844
2 984
960
855
352
817
2,949
931
844
364
810
2,942
916
839
376
811
' 2, 967
' " 923
842
390
"812
2,9
9
8
4
8
1.75
2.71
4.17
3 49
3.29
3 44
3 84
1.75
2.71
4.17
1.75
2.71
4. 17
1.75
2.31
2.57
2.61
1.75
2.31
2.63
2.63
1.876
2 29
1
CONSUMER CREDITf
Total short- and intermediate-term consumer credit,
end of month
mil ofdol
Instalment credit, total
do
Automobile paper
do
Other consumer-Foods paper
do
Repair
and
modernization
loans
..
do
_.
Perc'0i\''l lo^ns
do
By type of holder:
Financial institutions, total
_do ..
Commercial banks
do
Sales-finance companies
_ __
do
Credit unions
r!o
Other
do
22, 446
16, 032
6. 974
4, 324
1,178
3 556
22, 751
16, 465
7, 200
4, 433
1, 221
3 611
23, 030
16, 728
4 539
1, 258
3 659
23.414
17,0*7
7, 388
4 669
1, 300
3 6%
13. 324
6,458
4,111
717
2, 038
13, 725
6, 654
4,263
738
2,070
13, 950
6, 807
4,294
759
2,090
14, 203
6, 967
4, 362
773
2,101
14,614
7, 1S9
4, 523
2, 708
927
750
282
749
2,740
932
766
292
750
2,778
951
782
°95
750
2,844
990
796
301
757
2 958
1 042
821
313
782
2,972
1 019
839
394
790
do
do
do
do_ ._
6, 414
2,054
2,661
1.699
6,286
2, 023
2, 573
1, 690
6, 302
2, 026
2, 579
1, 697
6, 367
2. 033
2, 642
1, 692
6,478
2.033
2, 776
1,669
6. 598
2. 109
2, 826
1, 663
7 066
2, 108
3,313
1. 645
6, 723
2,129
2, 956
1, 638
6 402
2, 079
2 662
1 661
6 409
2.142
2 602
1, 665
6 516
2,147
2 677
1,692
" 6 637
2, 162
' 2 760
' 1,715
6 5
2,0
27
1,7
do
2,054
1 798
2, 661
1, 699
2,023
1 792
2, 573
1, 690
2 026
1 792
2, 579
1.697
2 033
1 ~93
2, 6-12
1, 692
2 033
1 801
2, 776
1,669
2 109
1 821
2, 826
1,663
2 108
1 852
3,313
1, 645
2 129
1 K58
2, 956
1, 638
9 079
1 839
2 662
1 661
2 142
1 882
2,602
1,665
2 147
1 878
2 677
1,692
2 162
1 851
" 2 760
"1,715
20
17
2,7
1,7
10, 220
9,796
45
9,147
845
183
3,649
3,316
48
2,464
949
188
4,585
4,050
47
3,546
862
130
6,875
6, 585
52
5,834
877
3,355
3,099
65
2,227
993
139
4,731
4, 151
44
3,624
888
175 !
6,350
6,003
51
5,024
939
336
5,232
5,061
51
4,130
842
209
6 300
5 479
43
5,294
856
107
11 870
10, 502
56
10, 719
993
102
4 044
2 849
54
3 021
880
90 1
5 140
4 380
51
3 998
922
169
10 3
9^7
6,930
6.742
Expenditures, total.
_ ._ do._5,018
6,383
7, 124
6,070
5,161
5,737
5 595
6 187
6 362 1
372 i
1,518
Interest on public debt
do
320 i
572 i
559 i
235
1 146
183
311
185
563 !
365
Veterans Administration t
do
401
362
363 i
354
354
349
364 i
386
353
351 !
3,683
3,884
3, 723
2,971
4,008
3,632
National defense and related activities t- -do
3,302
4,081
3, 789
3,891
3,501
1.365
All other expenditures t
do
2. 137 i
1 749
1. 516 i
1. 434 ! 1.471
1.725
1.511
1. 502
1. 150
1.319
' Revised.
*> Preliminary.
i Beginning January 1, 1953, includes 2ft percent bond of March 15, 1956-58, and 2% percent bond
id of
ofr June 15, 1958.
§ He vised beginning 1952 to expand the coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 \v
ill be shown later.
cfFor bond yields see p. S-19.
t Revised series. For data prior to March 1952 and details regarding the revision, see the April 195:
53 Federal Reserve Bulletin.
{Revisions for July 1950-January 1952 will be shown later.
6 241
179
350
3,746
1 Qfifi
Retail outlets, total, . _
Department stores
Furniture stores
Automobile dealers
Other
. .__ do
do
do
do
do .
Noninstarment credit, total
Single-payment loans
Charge accounts
Service credit
_.. _.
By type of holder:
Financial institutions
Retail outlets
Service credit
_
... _ _. _ _ . _ _
do
do__ .
7S9
2, 113
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
mil. of dol
Receipts, n e t
__ ___ .
___
do
Customs
do
Income and employment taxes
do
Miscellaneous internal revenue.
. . do__ .
All other receipts
do
;
112
9.1
c
1
7 £
1 g
' 2349
4,C
1.7
SURVEY OF CURRENT BUSINESS
10.";
S-17
1952
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June
July
August
19 •53
September
October
November
December
January
February
Marcb
April
May
June
267, 584
265 489
226 187
39 302
2 094
264. 485
262 380
223 025
39. 354
2 105
264, 590
262 550
223, 077
39, 474
2 040
266. 520
264 445
224. 735
39, 710
2. 075
2(')(), 071
2t)3 946
223. 408
40, 538
2, 125
57, 977
370
523
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 _ _ _ . . _ _ _ _ _ _. _ d o . _ _
N on interest 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 through K
do
Redemptions
do
259, 105
256, 863
219,124
37, 739
2,242
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
TCI 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
All other assets
do
263, 073
260, 908
222, 963
37, 945
2, 165
263, 186
261,060
222, 753
38, 307
2,125
262. 682
260 577
222,216
38, 360
2.105
264, 919
262, 820
224, 430
38, 390
2.099
267. 432
265 345
226, 557
38, 788
2.087
267.391
265 293
226, 1 43
39, 150
2 098
267, 402
265 323
226 226
39, 097
2 079
46
34
39
40
45
51
54
48
50
51
52
57, 807
364
431
57, 827
367
467
57, 868
356
399
57. 871
330
416
57, 903
347
398
57, 958
303
346
58 046
375
422
58 237
504
435
58 368
414
368
58 468
440
430
58 509
382
426
58,014
371
570
27, 933
15.913
4,058
2, 387
85
464
(i)
653
2
7, 61 7
801
1,350
2, 364
3,438
3.186
1 , 683
28 922
16 890
4 563
2, 437
84
480
(i)
716
7,826
933
1, 377
2 371
3, 436
3, 212
1 636
29
17
5
2
945
826
070
603
82
516
(i)
864
7 736
1 095
1 280
2 421
3 429
3 213
1 775
30 564
18? 089
5 671
2 777
79
526
(.0
611
7 713
872
1 259
2 645
3 427
3,240
1 904
Liabilities, except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities
do
2,472
2 774
3 lil
3 224
do
do
do
44
1,228
1,200
39
1,301
1 434
53
1 330
1 728
48
1 107
2 069
Privately owned interest
U. S. Government interest
do
do
357
25,104
367
25 780
378
26 456
401
26 938
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
totaled
mil of dol
Industrial and commercial
enterprises, including
national defensec?1
mil of dol
Financial institutions.
_ _
_ _ _ _ do __
Railroads
do
States, territories, and political subdivisions_do
Republic of the Philippines
do
Mortgages purchased
_ _ __
_ _ _ _ do
Other loans
do
52
754
751
753
769
787
790
793
786
786
795
790
797
425
55
83
16
54
75
46
424
54
32
16
54
74
47
427
53
82
18
54
74
47
444
53
82
16
54
7
3
47
458
51
82
22
54
73
47
464
50
80
22
54
72
47
472
47
80
22
54
72
47
469
47
80
22
51
71
46
472
46
77
22
51
71
47
482
46
482
46
22
51
70
47
475
46
77
25
51
70
47
25
69
46
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated totalj
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
70. 334
63, 083
70, 774
63, 590
71, 123
63, 855
71 578
64, 205
72, 034
64, 665
72, 415
65, 010
73 034
65, 345
73 621
65 948
73 943
66 269
74 295
66, 598
74 686
67 035
75 063
67, 330
75 403
67, 698
* 62. 186
' 39, 020
11.139
r
9, 022
r
11,173
r
3 274
r
13, 434
r S52
»• 16,911
1.439
r
15, 472
r
2, 267
r
1,499
'1,637
62, 201
39, 079
11,134
9. 007
11, 109
3, 251
13, 585
750
16,976
1.454
15, 521
2,254
1,510
1,634
62, 495
39,184
11,131
9,025
11,184
3 253
13,615
758
17, 082
1.463
15,619
2, 262
1,520
1,688
62, 808
39 310
11,127
9, 044
11,212
3 281
13, 690
820
17,188
^,471
15, 717
2,270
1,526
1,694
63, 159
39, 565
10, 924
8,887
11,346
3 301
13. 994
803
17,311
1,481
15, 830
2,276
1, 540
1,664
63, 479
39, 757
10. 967
8, 935
11, 362
3 314
14, 115
767
17,411
1,490
1 5, 921
2.280
1, 550
1,714
64, 092
39 915
10, 867
8 837
11,409
3 336
14* 304
872
17, 583
1,503
16, 080
2,284
1 655
1,784
64, 797
40 473
10, 984
8 926
11 552
3 397
14 541
827
17,774
1 512
16,262
2, 310
1 658
1,756
65, 084
40 630
10, 983
8 908
11 610
17 894
1 524
16 370
2,318
1 663
1,804
65, 362
40 778
10, 791
8 711
1 1, 659
3 403
14, 925
750
18, 038
1 541
16, 496
2,329
1 669
1,797
65, 686
41 Oil
10,816
8 734
11, 708
3 412
15 075
711
18, 182
1, 564
16,618
2,341
• 1 687
1, 755
65, 997
41 123
10, 692
8 726
11,760
3 412
15, 259
7r)9
18, 306
1 584
1 6, 722
2, 351
1. 694
1, 763
66, 262
41 277
10, 602
8 676
11, 827
3 412
15, 436
707
18, 444
1,599
16,845
2, 365
1 702
1,767
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total§
mil. of dol
Group and wholesale§
do
Industrial§ _ _
___ __
do
Ordinarv, 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
2 589
442
464
1, 683
113
382
355
148
203
69
161
60
192
2,442
351
420
1,671
115
377
358
148
198
67
156
62
189
2,319
312
442
1,565
99
334
336
141
190
64
154
61
187
2 504
440
470
1 594
104
347
340
140
199
67
156
59
182
2,661
346
499
1,816
122
411
384
160
219
77
162
68
212
2 516
373
474
1 669
113
398
356
136
199
71
150
61
184
3 319
950
421
1 948
124
426
429
172
230
84
174
78
230
2 350
252
432
1 666
124
424
358
137
177
63
151
50
182
2,617
402
513
1, 702
117
412
371
140
193
67
156
56
191
3 337
619
560
2 158
141
519
460
174
245
91
200
78
250
3 235
639
521
2 075
137
487
444
171
241
91
191
75
237
3 072
487
585
2 000
131
483
427
165
237
82
178
73
226
3 227
' 600
543
2 084
138
484
449
172
247
85
195
72
242
r
14 634
Institute of Life Insurance:
Payments to policy holders and beneficiaries,
estimated total
thous. of dol__ 339, 822
338, 501
339, 557
318, 461
417, 402
343, 743
304. 060
322, 636
399, 041
410, 421 365, 145
355, 232
383, 181
154, 506
Death claim pavments
do
148. 980
145 944
154 860
141 626
168 314
169 068
158 593
182 781
146 410
158 288
164 114
169 925
Matured endowments
do
33, 809
39,111
35, 126
31, 584
40, 498
42, 909
37, 059
32, 337
40, 384
34, 400
37,168
39, 094
36. 314
8, 845
Disability pavments
do
8, 651
8 229
9 220
9 244
8 362
8 253
7 874
9 851
9 479
8 867
8 834
8 378
Annuitv payments §
do
31 605
31, 177
31, 200
29 886
42 973
28 595
28' 870
32 946 I 35 193
35' 339
28 532
34 018
35 049
Surrender values §
.
_do
52, 947
50, 453
52, 916
53 198
47, 978
45 127
53 217
63* 630
57' 485
48 768
59 810
49 000
58 826
Policy dividends
do
57, 194
65, 435
54. 840
51.845
117. 278
81. 023
57. 783 1 78. 954
61.976
58. 118
56. 273
48. 501
71.958
2
' Revised.
i Less than $500,000.
Beginning June 30, 1952, outstanding loans of the Mutual Security Agency are included,
cf Includes loans under the Defense Production Act of 1950.
{Revisions for January-July 1950 are shown in corresponding note in the October 1951 SURVEY. Other revisions are as follows (mil. dol.): Total assets, December 1950, 63,688; Securities and
mortgages—December 1950, 57,244; 1951—January, 57,609; October, 60,332; November, 60,498; December, 60,912.
§R- visions beginning 1946 for insurance written and for 1949 and 1950 for annuity payments and surrender values will be shown later.
SUEVEY OF CURKENT BUSINESS
S-18
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
Aujrust 1053
1952
June
July
August
September
1953
October
November
December
January
847, 255
89, 441
173 680
66, 567
107,251
410,316
606, 446
79, 568
100 351
70, 794
71, 220
284 513
February
March
April
May
June
615, 102
66, 738
81 624
48 531
75, 359
342 850
682, 325
77, 514
94 784
58, 168
84, 593
367, 266
637, 446
91 221
87 337
60 022
68, 094
330 77?
574, 765
77, 946
65 634
48 224
68, 740
314 221
633,
75
61
56
83
356
23, 337
23, 186
22, 662
22, 563
22, 986
-29,004 -263, 189 -171,747 -324. 127 -106,511
1, 580
5,587
4,262
3, 813
3,867
1,872
13, 697
1,827
7, 746
1,653
64, 941
66, 680
38,978
38, 958
36, 953
39, 307
39, 255
12, 351
13, 697
13, 600
13,043
13, 273
5 883
4 340
4 485
5 241
6 031
22, 562
-16,814
2,704
9 685
FINANCE—Continued
LIFE INSURANCE—Continued
Life Insurance Association of America:
Premium income (39 cos.), total. --.thous. of doLAccident and health
_ _. _ _ _ _ _ _ do
Annuities
do
Group
_ . _
do__ Industrial. _ _ . _ _
... ___
do. _
Ordinary
do
608, 373
61, 000
70, 838
46, 791
88, 711
341, 033
539, 924
62, 594
85, 732
52, 221
56, 801
282, 576
551, 521
65, 472
66, 852
43, 687
79, 894
295, 616
594, 231
66, 402
69,008
47, 491
85. 313
326, 017
555, 400
67, 052
76, 979
47, 442
71, 553
292, 374
23, 346
19, 266
3,445
40, 051
63, 237
38, 739
12, 569
5, 461
23, 350
-31, 394
1,580
26, 047
67, 421
39, 886
13, 062
6 403
23, 344
-32, 620
2,861
5, 947
65, 768
39, 673
13, 028
6 498
23, 342
—13, 776
1,244
34, 590
66, 394
39,411
13, 408
6 212
23, 339
-92, 430
2,988
86, 465
70, 602
40, 114
14, 122
6 769
215
5. 038
.828
236
216
382
411
258
270
5, 733
.829
4,877
.833
4,499
. 833
7,778
.833
5, 009
.833
1,882
3,976
3,292
1, 809
3,858
3, 307
2,220
2,921
2, 272
1,787
3,107
3, 235
1, 854
9, 525
3.682
29, 026
194, 960
2 319
7, 737
184,904
94, 754
63, 676
26, 474
28, 978
197. 200
2 600
8, 900
185, 800
95, 700
63, 800
26, 200
29, 293
197, 000
2 600
8,200
186. 200
95. 800
64, 100
26, 300
29. 419
197, 900
2 500
8,100
187, 400
96, 400
64, 500
26, 600
37.4
24.9
34.4
24.0
29. 6
20.8
35. 4
24.3
554, 748
70, 958
67 806
46, 061
68, 809
301,114
800
985
039
386
828
562
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S
mil. of doL.
Net release from earmark§
thous. of doL_
Exports
„
-.-do
Imports
do
Production reported monthly total
do
Africa
do
Canada
.. -do__
United States
do
Silver:
Exports
do
Imports
do_ _ _
Price at New York
dol. per fine oz._
Production:
Canada
thous of fine oz
Mexico
do
United States
do
Money supply:
Currency in circulation
_
„ mil. of doL
Deposits and currency, total
do
TT. S. Government balances
__ _ _ - d o _ _ _
Deposits (adjusted) and currency, total do
Demand deposits, adjusted
_ _ _ . _do
Time deposits
do
Currencv outside banks
do _ _
Turnover of demand deposits except interbank and
U. S. Government, annual rate: f
New York Citv
.. ratio of debits to deposits-.
6 other centers 9
do ..
506
144
' 22, 537
22, 463
-48, 857 -68, 516
3, 654
1,835
1,963
1 690
12, 941
5 227
12, 901
6 118
883
230
5 956
4,578
.833
1.318
10, 9H5
.845
7,272
.853
11,987
. 853
6, 285
.853
5, 364
. 853
2, 428
3,877
2 998
2, 521
3, 863
3,093
2 460
3,870
3 362
2,255
4, 054
3,112
2, 443
4, 394
3 175
3, 066
1,984
3 018
2 504
4, 8f.O
2 823
1 909
29, 644
199, 900
2 500
7, 200
190. 200
98, 600
64, 900
26. 700
30, 236
202, 700
2 500
8, 600
101,600
99, 400
64, 800
27, 400
30, 433
204, 220
2, 501
6,918
194, 801
101, 508
65, 799
27, 494
29, 691
P 202, 100
v 2 500
P 6, 200
P 193, 300
v 100. 500
P 66, 100
v 26, 800
29, 793
r> 201, 000
P 2 300
P 7, 100
* 191. 600
f 98, 300
p 66, 400
p 26. 900
29, 754
p 200, 600
P 2 400
P 7, 100
P 191, 000
P 97, 400
P 66, 800
P 26, 900
29, 843
P199, 100
P 2 400
P 4, 600
v 192, 200
p 98, 000
p 67, 200
P 27, 000
29, 951
"199, 100
P 2 400
P 4, 600
P192, 100
P 97. 500
P 67, 600
P 27, 000
30, 116
p 200, 000
P 2 500
P 5, 100
p 192, 400
f 97, 200
p 68. 200
p 27. 100
36.4
25.0
34.1
24.1
41.8
26. 9
34.3
23.9
35. 1
24.4
37.1
28.3
35. 4
26.0
35. 6
25.5
38.9
25.8
T
3 578
9,502
.853
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve) :t
Profits after taxes total (200 corps ) mil of dol
Durable goods total (106 corps )
do
Primary metals and products (39 corps ) do
Machinerv (27 corps )
do
Automobiles and equipment (15 corps ) do
Nondurable goods total (94 corps )
do
Food and kindred products (28 corps ) do
Chemicalsandallifdproducts (26corps ) do
Petroleum refining (14 corp^ )
do
Dividends total (200 corps )
do
Durable goods (106 corps )
do
Nondurable goods (94 corps )
do
Electric utilities, profits after taxes (Fed. Res.Jt
mil of dol
Railways and telephone cos. (see p. S-23).
624
338
29
80
191
287
42
105
111
678
370
99
90
143
308
48
108
115
928
581
218
128
191
347
45
128
133
857
527
188
101
197
330
41
120
127
476
270
206
475
270
205
549
305
244
486
276
210
214
207
244
288
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil of dol
New capital, total
do
Domestic, total
do
Corporate-_
.-do ..
Federal agencies.
_ do Municipal, State, etc
do
Foreign _- . _ _ _ _
.__
do__ Refunding, total
.
_ do Domestic, total
do
Corporate.- _
do _ _ .
Federal agencies
do
Municipal, State, etc
do
1,409
1,251
1,239
587
38
615
11
159
155
4
141
11
1,519
1,393
1,381
1,137
20
224
12
126
126
50
74
810
461
461
202
56
203
0
349
349
153
188
7
962
808
800
363
0
437
9
154
154
72
79
2
1
1,381
i 1, 225
1,157
852
0
305
8
158
158
82
72
4
873
629
601
292
130
179
28
311
311
90
172
49
1,520
1,197
1,197
758
46
394
0
323
323
44
269
9
1, 185
1,016
949
560
3
386
67
169
1 51
16
130
1, 114
1,005
1,002
624
13
365
4
109
109
25
81
2
Securities and Exchange Commission :}
r
r
2, 436
6, 436
1,168
1,331
2,047
1,108
1,592
1, 783
Estimated gross proceeds, total . _ .. _ do
2,079
1,604
1 667
4 630
By type of security:
T
T
2,240
6,
245
1,
089
1,870
1,248
1,038
Bonds and notes, total.
_ _ _ _do__ .
1.422
1,902
1,615
1,425
1 507
4 383
r 659
r 484
342
635
1,113
372
Corporate .
do
980
314
536
731
497
517
r
r
112
158
49
46
Common stock
_ . . __.
do^- .
170
49
116
123
119
116
165
124
r 35
84
33
29
6
Preferred stock
do
37
20
58
51
82
47
62
By type of issuer:
r 731
831
1,304
421
455
Corporate, total..
. __
do
1,157
r 818
384
706
908
664
696
T
r 317
274
186
Manufacturing
do
360
655
130
167
332
151
286
205
116
r 4Q6
352
168
240
109
Public utility
do
351
44
219
261
249
216
r 228
52
15
46
Railroad _ . _ .
_. .
do - .
12
95
15
66
50
40
32
25
T ]3
4
Communication
do
30
21
496
17
49
34
15
73
74
r i(}2
12
Real estate arid financial..- ... _ . . do_- .
27
62
141
56
48
r 101
57
144
T 849
1,605
Noncorporate, total
do
5, 132
876
747
890
r 3 899
724
1 171
1 119
886
908
978
4,898
544
U. S. Government
- .
.. do .
444
531
547
611
480
494
503
491
3 244
624
428
226
294
201
State and municipal. _.. . _ _ _ _ _. do ._.
392
390
405
219
389
'349
r 850
r
Revised.
p Preliminary.
1
Includes International Bank securities not shown separately.
§Or increase in earmarked gold (—).
f Revised series. Data reflect change in number of reporting banks and centers; figures prior to May 1952 will be shown later.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
tRevisions for 1939—1st quarter of 1951 for manufacturing corporations and electric utilities and for January-March 1951 and January-March 1952 for SEC data will be shown later,
3, 053
2 861
988
159
33
1 179
289
342
23
44
418
1 873
1 454
416
11)53
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-19
1953
1952
June
July
August
September
October
November
December
January
February
April
May
684
r
806
r
630
r
757
r
532
T
225
r
30
r
March
June
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission:]:— Continued
New corporate security issues:
818
Estimated net proceeds, total
mil. of doL_
Proposed uses of proceeds:
735
New money total
do
556
Plant and equipment
- .-do
180
Working capital
do
79
Retirement of debt and stock, total . .do
47
Funded debt _ . _
do . _ .
30
Other debt
do
2
Preferred stock
do
4
Other purposes
_ .. ._ ...do
Proposed uses by major groups:
271
Manufacturing total
do
252
New m on e v
- - do
17
Retirement of debt and stock
do
345
Public utility total
do
326
New m on e v
- - - - do
19
Retirement of debt and stock
do
51
Railroad, total
__ ... do ._
16
New money
do
35
Retirement of debt and stock
do
29
Communication total
do
28
New money
do
1
Retirement of debt and stock
do
72
Real estate and financial total
do
64
New m on ev
do . _
6
Retirement of debt and stock
do
State and municipal issues (Bond Buyer):
Long-term
thous. of dol _ . 637, 232
120, 022
Short-term
do
1, 285
413
447
1, 140
378
897
655
694
1,218
1,040
178
57
40
10
8
10
276
210
66
127
117
5
6
9
367
893
635
259
237
86
148
3
11
293
221
72
51
32
13
5
34
780
661
120
74
45
28
1
43
603
495
108
46
19
25
2
6
635
381
255
51
27
23
1
8
354
327
24
233
231
3
46
46
0
493
493
0)
72
42
27
127
85
35
107
103
4
94
10
85
21
21
1
C)
12
10
1
245, 344
266, 630
229
378
365
1,327
708
912
278
89
68
46
11
10
12
183
120
438
192
37
10
r
r
24
3
17
r
10
13
7
18
r
164
120
25
43
43
0)
27
15
12
48
45
3
56
37
10
327
260
35
216
205
11
65
42
23
34
31
3
56
54
1
283
263
18
245
239
6
39
26
14
4
4
0
47
44
1
148
132
13
257
254
3
49
31
18
27
17
8
645
502
134
347
257
90
15
13
1
27
26
1
61
52
8
„
0
140
138
0
15
15
0
142
129
1
312
305
r
4
r
223
r
201
17
24
24
0
r 13
12
r
982
r
162
r
152
1
211, 533
232, 288
473, 750
96, 518
309, 105
161, 739
229, 897
24, 376
403, 043
292 085
391,872
294 085
362, 629
110 843
433, 142
3*^3 219
348, 859
144 986
233
461
233
349
210
250
257
229
226
265
288
291
230
254
262
304
198
252
185
259
1,387
692
1, 126
1,338
1,333
692
891
1,316
692
860
1,347
706
878
343
1 362
724
920
1 345
732
Q08
1 350
730
871
1 513
744
966
1 594
738
1 068
98 19
98.62
75.97
97 81
98 25
75 84
97 66
98 09
75 50
97 15
97 56
75 81
96 57
96 99
74 95
115.2
125.4
96.96
115.3
125 3
96 32
114.5
124 0
95 68
114.0
122 8
95 28
73, 183
83, 953
94 402
105 865
75 146
85 722
71, 599
81, 988
92 009
10? 843
78, 042
26
78,016
71, 608
6,341
165
163
0
12
12
0
16
16
(')
203
178
715
1, 161
612
r
481
r
131
r
68
r
8
r
49
r
10
35
1 046
614
432
91
23
64
4
24
r
-~
0
99
r
91
('»
285
222
60
334
303
26
23
23
0
43
43
0
415
396
3
M550 21 ()
228 600
416,470
138, 234
183
281
307
586
1 671
r 573
1 193
282
1 684
653
1 216
95 46
95 84
75 27
94 42
94 79
74 88
95 30
95 69
74 62
113.4
121 6
94 31
111.7
121 5
93 25
109.8
119 4
91 59
108.8
115 1
91 56
70 039
76 831
76 726
90 067
71 709
88 128
61 993
72 496
69 942
83 260
73,014
82 187
68 483
74 823
74 547
85 245
69 691
83 115
60 227
69 753
68 208
80 340
86. 042
45
85, 997
79 101
6, 819
80, 397
0
80, 397
73 417
6. 912
60, 288
0
60, 288
52 940
7,324
74, 757
1
74, 756
65 013
9 650
76, 976
0
76, 976
64 778
12,002
62, 085
34
62, 051
54 611
7, 372
68, 751
0
68, 751
00 659
8,024
100, 551
98, 621
1,440
102, 405
99, 999
1, 896
100, 256
98 276
1,492
102, 502
100 025
1 967
100,116
98 200
1.428
102, 510
100 109
1 891
100, 117
98 211
1, 432
103 055
100 666
1 890
99, 535
97 638
1 425
103 066
100 665
1 901
98, 562
96 662
1 429
103 251
100 853
1 899
98. 985
97 094
1 421
104 8X1
102 4 9
1 898
99, 454
97 576
1,411
104 357
101 966
1 891
3.20
3. 19
3.22
3.26
3.31
3.40
3. 53
3. 61
2.98
3. 06
3.24
3.53
2 97
3. 05
3 22
3 51
3 02
3.09
3 25
3 51
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3.05
3. 19
3.37
3 04
3 19
3 34
3 07
3 23
3 36
3 11
3 29
3 39
3 16
3 33
3 43
3 97
3 44
3 51
2 37
2.40
2.71
2 3$
2.40
2.75
2 46
2.47
2.80
9 cy^
265
2.61
2.89
9 aft
9 HI
'>
2. 54
2.83
2.63
9 97
2. 73
\\ 09
2. 99
24
212
205
7
32
32
o
114
78
28
r
397
r
355
21
15
15
0
T
r
r
r
r
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
mil. of bu
do._ ,
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Monev borrowed
mil. of dol
do
do
do
675
926
r
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
98.61
98. 43
98.14
97. 46
^otal§
dollars
98 05
99.10
98.88
98. 57
97.87
98.50
"Domestic
do
73.69
75. 52
76.12
76.11
Foreign
__
do
75.32
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f issues):
116.1
116.0
115.8
115.7
114.7
Composite (17 bonds)
dol. per $100 bond._
130.9
130.4
128.6
126.6
Domestic municipal (15 bonds)
_ _ do
125.0
98.32
98.40
97.09
96. 86
96.44
U S Treasury bonds taxable
do
Sale?:
Total, excluding II. S. Government bonds:
All registered exchanges:
52, 964
51, 585
100, 325
56, 237
76, 955
Market value
thous. of dol
62, 057
5S, 329
101, 867
61,325
Face value
._
_ do
85, 250
New York Stock Exchange:
51,425
50, 210
98, 4.16
74, 892
54,113
Market value
_.. . _ _ _ _ - d o _ _ _
59, 961
56, 686
99, 742
58, 855
Face value
do
82, 455
New York Stock Exchange, exclusive of stopped
62, 055
62, 242
61, 127
59, 136
69, 082
sales, face value, total §
thous. of dol ..
0
0
0
0
25
U. S. Government
do
02,
055
62,
242
59,
136
61,127
69. 057
Other than U. S. Government, total§
do
55, 580
55, 573
52, 793
53, 624
61, 194
Domestic
do
6, 410
6, 544
6,269
7,395
7, 777
Foreign
._
_. .
. __
do._,_
Value, issues listed on N. Y. S. E.:
95, 964
100, 273
100, 537
99, 712
100,349
Market value, total, all issues§
mil. of doL,
94, 238
98, 401
98, 656
97, 838
98, 494
Domestic
do
1,343
1,439
1,448
1,447
1. 430
Foreign
_ ._ __ - do _ .
97,315
101,871
102, 444
102,315
102,341
Face value, total, all issues§
-_ _ . do. _
95, 092
99, 516
100,091
99, 963
99, 993
Domestic
do
1,823
1,905
1,902
1,902
1,898
Foreign
do
Yields:
3.17
3.17
3.18
3.22
3. 19
Domestic corporate (Moody's)
percent. .
By ratings:
2.94
2.95
2.94
2.95
Aaa
do
3.01
3.03
3.04
3.06
3.07
Aa - _ _
_ ___
__do
3. 08
3.20
3.19
3.21
3.22
A
do
3.24
3.50
3.50
3.51
3.52
3.54
Baa _ . do
By groups:
9.99
2.98
3.00
3.02
Industrial
..
do...
3. 05
3.20
3.20
3.20
3.20
Public utility
do
3.22
3.32
3.33
3.34
3.36
Railroad
.. .
do
3. 39
Domestic municipal:
2 15
2 15
2 98
2 34
Bond Buyer (20 bonds)
do
2 38
2.10
2.12
2.22
2.42
Standard 'and Poor's Corp. (15 bonds). --do
2.33
2,61
2.61
2.71
U. S. Treasury bonds, taxable
do
2.74
2.70
r
l
Revised.
Less than $500,000.
J Re visions for January-March 1951 and January-March 1952 will be shown later.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development
all listed bonds.
07
14
30
53
12
18
36
57
23
29
44
65
34
41
58
78
3 39
3 57
3 63
40
50
67
86
3 48
3 62
3 73
I)A
:\ 09
not shown separately; these bonds are included also in computing average price of
SURVEY OF CURRENT BUSINESS
S-20
A u g u s t 1!l."'$
1952
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June
July
August
Septem-
ber
19 53
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks
Cash dividend payments publicly reported:!
Total dividend payments
mil. of dol
Finance
do
Manufacturing
__
do
Mining
_ _
_ _ _ do
Public utilities.
C ommun ications
do
Heat, light, and power
do
"Railroad
_ _ ___ _do
Trade
do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody's):
Dividends per share, annual rate (200 stocks)
dollars . _
Industrial (125 stocks)
_ _
_ do___
Public utility (24 stocks)
do
Railroad (25 stocks)
_ _ _ _ do
Bank (15 stocks)
do
Insurance (10 stocks)
do
1 178. 1
80.9
761.4
89.7
546 7
128. 6
199.2
6.7
231 5
51.0
105. 5
3.3
1 166 5
78 2
763 5
87.9
540 5
105 2
203 5
8.0
253 0
64 7
115 2
2. 1
1 736 1
195 2
1 045 5
141 9
43.0
76.5
56.0
45. 7
24 9
89.8
58.7
12.2
38 6
12 9
.8
49.7
6.4
10.3
4 5
46.9
76.8
42.4
47 2
93 ft
95.0
60. 9
14.6
40 3
13 0
1.0
52. 2
2 9
8 1
6 8
40.7
92. 6
88' 4
79 2
43 6
3.96
4.22
1.91
2.69
2.64
2.88
3.96
4.22
1.91
2.69
2.64
2.88
3.96
4.22
1.92
2.71
2.64
2.87
3.95
4.20
1 92
2.81
*> 68
3.95
4. 18
1 92
2.85
2 68
2.88
3.93
4 17
1 92
2 87
2 66
2 98
72.61
77.01
34. 65
47.68
73. 47
78.01
35.09
47.97
72.57
76. 52
36. 15
47.70
71.09
74 58
36 34
46 57
71.02
74 35
36 25
46 43
5. 45
Yield (200 stocks)
_ ._
percent- _
5.48
Industrial (125 stocks)
do
5.51
Public utility (24 stocks)
do
5.64
Railroad (25 stocks)
do
4.56
Bank (15 stocks)
- .
.
_do__
3.18
Insurance (10 stocks)
do
Earnings per share (at annual rate), quarterly:
6 61
Industrial (125 stocks)
dollars
2.49
Public utility (24 stocks)
do
5.77
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
4.04
(Standard and Poor's Corp.)
percent-Prices:
104. 26
Dow-Jones & Co., Inc. (65 stocks)_dol, per share__
268. 39
Industrial (30 stocks) . _ _ _ _ . _ . . do
49.81
Public utility (15 stocks)
do
100. 30
Railroad (20 stocks)
.- _ _ . _
do_-Standard and Poor's Corporation:
Industrial, public utility, and railroad:§
187.6
Combined index (480 stocks) . _ - 1935-39= 100 _ 203.9
Industrial total (420 stocks) .
do
186.9
Capital goods (129 stocks)
do
168.8
Consumers' goods (195 stocks)
do
116.2
Public utility (40 stocks)
do
173.7
Railroad (20 stocks)
do
111.6
Banks N. Y. C. (16 stocks)
do
211.7
Fire and marine insurance (17 stocks)
do
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
1,285
Market value
.. - mil. ofdoL
56, 845
Shares sold
thousands..
On New York Stock Exchange:
1,100
Market value
..mil. of dol
42, 319
Shares sold
thousands
Exclusive of odd lot and stopped sales
25, 516
(N. Y. Times)
thousands. .
Shares listed. New York Stock Exchange:
Market value, all listed shares
mil. of doL_ 114, 489
2,706
Number of shares listed
millions _ _
5.39
5.41
5.44
5.61
4.52
3.21
5.46
5 51
5.31
5.68
4.39
3.15
5. 56
5 63
5.28
6.03
4.23
3. 18
5 56
5 69
5.30
6 14
4.29
3 15
Price per share, end of month (200 stocks) _ _ d o
Industrial (125 stocks)
do
Public utility (24 stocks)
_
do
Railroad (25 stocks)
do
9
5
1
3
•19 0
100 4
2 6
46.9
89.0
57 7
40 3
27 0
105. 0
63.8
30 6
50 1
10 8
1. 0
51.8
3 1
7 6
3. 95
4 16
1 94
2 91
2 86
3 01
3.97
4.16
1 95
3.01
2 89
3.07
3.98
4.17
1 96
3 01
2 89
3 09
3.
4
1
3
o
76. 69
80 37
38 40
59 19
75. 60
79 15
38 21
51 17
74.13
77 64
37 81
49 56
72. 35
75 56
36 96
4S 48
72.
75
37
48
5. 15
5 18
5. 03
5 52
4.29
3 07
5 22
5 26
5.08
5 69
4 32
3 17
5.36
5 36
5.16
6 07
4.44
3 29
5.50
3
9
0
9
1 251 1
81 4
821 9
86 9
95.7
64.3
18 2
57 0
11 8
.9
42.0
6 9
15 5
3 2
3.93
4. 16
1 92
2 87
2 75
2 98
3. 95
4 16
1 93
2 88
2 84
2 99
74.42
78 20
37 36
49 74
76. 66
80 89
37 85
51 66
5.28
5 33
5.14
5 77
4.19
3 10
5. 13
5 14
5.07
5 56
4. 18
2 99
548
125
170
5
1
6
5
0
181
44
65
2
8 54
2.62
11 71
6 76
2. 61
7.86
561
103
190
7
1 °49 6
87 6
S02 9
g7 3
51.1
94.6
56 4
49 0
°1 4
6 0
3.97
4 16
2 01
3 03
9 89
3 09
98
17
98
01
H9
:•> 09
71.
74
36
48
24
45
08
97
5 5&
5 60
o. ,"1
5 53
.5. 34
6 15
4. 72
3 41
5 ^9
5. 30
6 21
4.60
3 41
14
28
02
40
r BO
r>.
oo
6 26
4 75
3 50
7 35
2 70
6 73
4.09
4.12
4.12
4.16
4.12
4. 11
4.16
4.21
4.23
4.33
4.38
4.47
106. 25
276. 04
49.86
101.85
107. 10
276. 70
50. 75
102. 95
105. 29
272. 40
,50.30
100. 43
103. 92
267. 77
49.59
99.83
107. 25
276. 37
51.04
103. 19
111.67
285. 95
52. 06
109. 85
112.25
288. 44
52.20
109. 99
111.21
283. 94
52 57
109 03
112.41
286. 79
53 19
110. 24
107. 52
275. 28
51 59
104. 05
108. 07
276. 84
50 97
105. 58
104.42
266. 88
48 66
103. 09
192.1
209.7
192.7
173.5
116.9
175.2
112.8
215.4
191.1
207.8
191.4
174.8
118.6
175.3
114.7
215.4
188.2
204.2
187. 6
172.8
118.5
171.1
117. 6
214. 5
183.4
198.4
182 6
1 69. 5
117.4
166. 9
120.1
215.2
189.8
205. 5
190 2
175.7
120.9
172.4
121.5
223.1
197.0
213.7
198. 5
183.2
123. 3
184.6
125.1
230.5
197.6
214. 3
200 4
184.7
124. 0
185.2
128. 3
231.0
195. 9
212 0
197 4
183.4
124.4
181 4
128. 2
223. 8
198.0
214.5
199 8
185.3
124.9
184.5
128.1
223.9
190.0
205. 5
191 8
177.8
121.5
173 3
122.3
216.0
189. 6
205. 2
192 3
177.6
1 20. 8
174. 2
121.3
214. 1
182.8
197.5
183.7
170.7
117.2
169.3
115.3
205. 1
1,317
61, 433
1,154
41, 576
1,198
48, 989
1,316
62, 389
1,331
56, 903
1,906
78. 990
1,661
74, 299
1, 376
53, 534
1.906
75, 473
1,783
83, 729
1,325
58. 380
1,290
63 844
1,122
45,916
978
29, 433
1,012
35, 165
1,121
47, 653
1,145
43, 340
1,647
57, 885
1,417
55, 897
1, 173
38 540
1, 616
51 812
1, 541
64 111
1, 129
43 936
1, 106
49 757
j 15. 371
2. 8H2
113,306
2,878
24, 115
20, 905
24, 135
25. 981
30, 239
40, 516
34.087
30, 209
42, 472
34, 370
115,825
2,728
114,506
2,736
112,633
2, 769
112.152
2, 773
117,363
2.777
120, 536
2,788
120, 483
2. 802
119,749
2.814
118, 223
2,819
114.862
2,840
26, 075
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)}
Exports of goods and services, total
Merchandise adjusted
Income on investments abroad
Other services
mil. of do!
do
do
do
Imports of good*5 and services total
Merchandise adjusted
Income on foreign investments in U. S
Other services
5, 324
4,093
437
794
4. t)07
?, 439
439
729
5, 355
4, 073
592
690
5 315
4 180
3 942
2. 698
102
1,142
4 068
3 000
126
942
3 996
2*991
449
686
do
do
do
do
3 909
Balance on goods and services
do
-j-1,415
+F>6?
f 1,287
+1 319
Unilateral transfers (net) , total
Private
Government
do
do
do
-1,345
-1,298
-1.468
-98
-1, 247
— 106
— 127
-1,192
-1.341
1 842
— 123
1 719
U.S. long- and short-term capital (net) , total do
Private
do
Government
do
-744
— 535
-209
— 160
+39
-199
— 975
347
+ 72
— 217
Foreign long- and short-term capital (net)
4-489
+769
+152
4-150
do
2,845
112
952
i
-
109
896
221
+4
Increase (— ) or decrease (+) in U. S. gold stock
mil. of dol_
Errors and omissions
...
do
-104
+7
+274
+603
+289
+17
+30
-13
{Revisions for dividend payments for January 1951-January 1952 nre shown on p. 6 of the April 1953 SURVEY; those for balance of payments prior to June 1952, on p. 4 of the June 1953 issue
S Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
SUKVEY OF CURKENT BUSINESS
August m~»3
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the !
1951 Statistical Supplement to the Survey !
S-21
1953
1952
August
June
September
October
November
Decem- January
ber
February
March
April
May
June
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of V . 8. merchandise:
Qnantitv
1936-38=100
Value
do
Unit value
do
Imports for consumption:
Ouantitv
do
Value
do
Unit value
do
A gri cultural products, quantity:
Exports,
II. S. merchandise, total:
T T n ad justed
1924-29 = 100
\djusted
do
Total, excluding cotton:
Unadjusted
do
Adjusted
do _
Imports for consumption:
Un ad justed
do
Adjusted
do
231
474
205
202
416
206
217
441
203
243
498
205
243
494
203
239
483
202
280
566
203
253
519
205
239
486
204
274
562
205
279
567
203
289
587
203
145
418
289
144
409
284
140
398
283
151
430
284
169
471
279
138
388
280
180
498
277
162
445
276
149
414
278
174
484
277
175
486
278
158
434
276
81
110
56
75
65
73
77
62
93
70
88
70
110
92
96
96
78
95
90
105
102
77
99
121
148
102
130
112
112
117
93
142
113
125
109
151
138
146
153
117
145
141
167
130
156
113
134
107
116
101
113
108
117
111
116
116
119
90
92
128
126
121
116
101
99
121
108
126
119
104
106
8,450
8,109
6,970
7,688
7,769
7,580
7,421
8,342
7,028
8,879
6 393
1 847
5 720
9 629
5 109
8 814
4 267
7, 703
4 663
8 670
Shipping Weight
Water-borne trade:
Exports incl reexports©
General imports
thous of Ions' tons
do
r
Value
Exports, including reexports, total 1 mil. of doL.
By geo Graphic regions:
Africa
- thous. of dol
Asia and OceaniaA
___ . . _ _ - ... do _ _
Europe A
do
Northern North America
- ... -do
Southern North America
do
South America
_ _ _ _ _ _ _ _ _ _ do
Total exports by leading countries:
Africa:
Egvpt
_
do
Tin ion of South Africa
_ ._
do. ._
Asia and Oceania:
\ustralia including New Guinea
do
British Malava
do
ChinaO
_.
do _.
India and Pakistan
do
Japan
do
Indonesia
do
Republic of the Philippines
do
Europe:
Erance
do
Germany
_ _ do
Italv
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
__
do
Latin-American Republics, total. _ . _
do
Argentina
do
Brazil
.... do
Chile
do
Colombia
do
Cuba
do
Mexico
_. _ , _ __
do
Venezuela
do
Exports of U. S. merchandise, totaHf... mil. of dol. .
By economic classes:
Crude materials
thous of dol
Crude foodstuffs
do
Manufactured foodstuffs and beverages ..do
Semimanufactures 9
- - -- - do
Einished manufactures 9
do
By principal commodities:
Agricultural products, total .._
do__
Cotton unmanufactured
_
do
Eruits, vegetables, and preparations. _do__ _
Grains and preparations
do
Packing-house products
do
Tobacco and manufactures* ..
do
Nonagricultural products, total
... do
Automobiles, parts, and accessories§cf do
Chemicals and related products§cf
do
Coal and related fuels*
do
Iron and steel-mill products.
__do__
Machinery, tota^d"1
_ _ _ _ _
do
Agricultural . . .
. __ . d o
Tractors, parts, and accessories! _ _ ..do _
Electrical §c? __
do
Metalworking.
_do _
Other industrial
tf
do
1,167
1,027
1,086
1,225
44, 226
185, 369
250, 924
249, 260
137, 834
139,113
34, 649
147, 256
175, 570
210,826
139,068
131, 629
39, 291
1 50, 509
202,129
220, 327
1 27, 060
136, 460
44, 841
147, 461
223,613
245, 657
123,826
133,467
43, 837
171,204
245,180
256, 042
1 44, 1 50
133, 760
37, 328
159,489
246, 1 05
244, 723
132,057
127,770
4,484
17,738
3, 564
13,175
5, 563
14, 291
6, 742
1 5, 085
12,313
14, 703
4, 556
13, 506
11,609
1,714
0
29, 040
55, 992
9,280
25, 780
10,141
3, 129
0
18,130
34, 138
12, 756
23, 020
7, 883
2,171
0
14,646
42, 514
1 0, 960
22, 330
12 222
2,900
0
13,914
40 219
9,964
21,383
16 255
2 862
0
13 650
54 697
9 984
21, 517
9, 970
2, 436
0
14, 079
51,195
1 3, 009
23, 988
27, 974
27, 903
49, 524
3
41,793
17, 052
20,156
19,318
0)
32, 800
19,474
36, 644
1 7, 900
0)
33, 91 4
21 876
33,714
18 654
(i)
50 950
26 941
47 184
23 781
4
52 758
26, 555
33, 556
23 480
2
45 330
40 723
40 545
40 355
]
62 098
30 604
33 892
36 574
249,010
259, 478
9, 1 56
42, 386
8, 287
17, 904
40, 970
56, 934
42, 148
1,155
210, 764
253, 782
7,730
40, 082
8,171
18,172
44, 987
52, 466
38, 451
1,014
220, 256
248, 853
16, 561
35, 831
8, 054
20, 582
36, 946
49, 407
35. 387
1,074
245 647
242, 785
13 761
29, 758
10 412
17,637
39 606
46, 275
41 786
1, 215
256 027
261,216
11 241
28, 926
10 169
19, 004
45 828
52,510
43 536
1 , 205
244, 723
244,019
10, 023
25, 01 0
10,083
20, 462
41,127
51,213
41 570
1,176
142, 954
103, 228
58, 695
129,702
720, 123
87, 067
73, 093
59, 306
108,165
686, 344
114,752
79, 811
49,214
116,407
714, 060
146 917
80,212
50, 460
124, 355
813, 052
154 670
97 038
61,606
133 436
758 113
244, 259
55, 740
24, 868
108,442
12,144
20, 087
170,107
10, 287
20, 563
85, 396
13,414
21,070
186, 682
21 , 048
19, 040
82, 570
14, 330
28, 160
220, 983
50, 569
16, 818
90, 291
10, 706
35, 629
910, 444
124, 732
66, 324
48, 343
50, 776
843, 868
101, 772
62, 640
38, 471
29, 866
887, 563
94, 098
63, 844
44, 549
41,410
239, 459
15, 728
30, 781
56, 440
20, 605
107, 088
222, 956
13,394
22,931
55, 808
20,115
102,110
217, 861
13, 102
17, 044
59, 891
20, 397
99, 949
1,213
1,186
r
1, 441
1,196
1.379
1, 394
401
336
534
543
177
932
35, 516
164, 827
212, 663
230,915
121, 660
116, 192
49, 032
185, 247
253, 179
266, 730
132 373
118. 107
44, 381
169, 947
249, 105
285, 902
133 837
122, 933
44, 794
178, 304
246, 386
294. 172
136, 492
130, 828
9 563
16 871
6 733
19 463
3 316
17, 221
4 739
24. 412
4 454
18, 194
3, 958
18, 365
17 971
9 852
1 1 3^0
2 274
29
52
11
27
17
50
10
30
9 871
2 636
0
26 761
40 758
7 474
24, 829
9 730
2 505
0
28 332
50 558
7 549
28, 432
7 947
3 264
0
10 750
50 826
8 759
29 245
9 686
2,560
0
12,898
50 255
6 157
39, 177
52 783
26 455
28 495
17 124
1
47 648
34 598
26 426
24 446
2
61 702
26 562
26 532
28 004
(i)
53 551
39 882
29. 471
27 602
3
43 743
227 771
264, 844
8 198
30 439
13 9^9
19, 441
40 428
54 057
43 165
1,380
228 533
230 130
6 349
23 733
5 479
19 138
39 3Q4
51 858
39 621
1 265
?30 913
221, 524
5 413
23 485
5 639
20, 121
35 961
46 807
41 075
1,184
266 728
235, 187
6 265
22, 473
9 056
19 825
38 904
54. 127
41 051
1,369
285 901
238, 235
5 942
23 814
6 506
24, 231
30 827
51 980
43 843
l', 381
294 165
251,807
8 214
24, 366
7 118
26, 140
34 315
47, 794
46 836
1, 431
168 049
89 325
58, 850
1 23, 1 89
736, 990
180 358
116 300
65, 1 96
135 152
883' 399
134
109
63
106
850
465
465
590
691
688
110 576
86 681
50, 871
108 222
827 542
118 259
106 207
56, 587
116 973
971 317
139 168
132 539
75, 029
82 490
55, 889
53', 747
113 812
113 055
999 655 1, 046 671
264, 622
61 290
21, 026
108,755
13 345
30, 81 6
271,226
67,142
21,924
98, 036
13 022
31,980
323 083
90 505
22, 444
139 589
13 419
29 264
268 700
54 468
19, 149
127 983
13 272
24 919
216 399
47 294
17^ 838
93 631
13 604
19 003
250, 491
45 064
20. 191
114, 364
14 242
33, 113
223 535
38 396
17, 925
89 567
15 236
38 129
994, 01 3
115,751
62, 402
41,334
55, 805
940, 240
97, 815
63, 237
35, 400
66. 321
905, 177 1 057 32?
93, 992
114,891
59, 151
61 287
35,154
26, 009
59, 779
67, 719
996 200
124,610
57 393
24. 778
45, 804
967 493 1, 118, 851 1 157 951 1 209 537
151, 579
142, 195
162, 186
124, 383
66, 609
71 700
68 460
56 ^73
17, 651
29, 329
33, 831
18, 294
46, 799
43, 436
45, 860
43, 070
207, 643
8, 003
16, 689
56, 408
21,748
95, 578
224 431
8,201
20, 451
57 253
24, 906
103, 664
204 437
7,389
17, 481
55 373
21,126
93, 412
238
9
26
67
28
97
223 914
10 345
27 561
62 148
22 262
92, 975
1,390
39
204
307
2?7
144
136
067
719
509
773
151
712
o
825
849
812
960
237 332
9 442
23 442
70 475
24 248
100,384
1,276
44
177
266
228
131
113
o
910
383
477
814
0)
348
191
659
966
274
985
269 816
12.973
32, 396
72 239
29, 560
112,397
270 488
15 201
33, 468
75 184
24 691
112, 269
1,379
221, 031
48 278
22, 566
76 556
14 890
30, 504
274 136
16 278
32, 954
74 554
26 093
113, 660
70, 321
Petroleum and products
do
71, 352
64, 260
59 131
60, 483
63 073
73 825
62 407
67 092
54 787
54 489
56 083
48, 057
42, 697
Textiles and manufactures
do
50, 822
50, 622
55, 496
58, 780
58, 572
53, 852
55, 811
52, 941
50, 462
58, 193
•• Revised,
i Less than $500.
©Excludes"special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo
JTotal
exports and data by economic classes and commodities include shipments under the Mutual Security Progiam. Total MSP shipments are as follows (mil. dol.): June 1952-June 1953 respectively—113.4; 136.8; 170.3; 247.6; 173.1; 195.0; 275.8; 268.1; 272.3; 328.3; 339.8; 362.6; 372.6.
ABeginning 1952, Turkey is included with Europe; previously, with Asia.
©Including Manchuria beginning January 1952. 9 Data for semimanufactures reported as "special category, type I" are included with finished manufactures.
*New series. Data prior to August 1951 will be shown later.
§"Special category" exports, formerly excluded, are now included in
data back to January 1952; for total machinery and electrical machinery, however, such exports are only partially included.
cPData beginning January 1951 have been adjusted to conform to the 1952 revision of the export schedule.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August 1!»53
1953
1952
June
July
August
Septem-
ber
Novem-
October
ber
Decem-
ber
j
January
ar™" i
April
March
May
Jun,,
901, 626
951,000
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES— Continued
I
FOREIGN TRADE— Continued
Value—Continued
General imports, total
thous. of dol_.
By geographic regions:
Africa
do Asia and Oceania A
- - -- --- d o _ _
FuropeA
do
Northern North America
do _
Southern North America .-- _ _
_ do
South America
do
By leading countries:
Africa:
Egypt
.---.
do Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
do
British Malaya
do _
China© do
India and Pakistan
do
Japan
_ do _
Indonesia
do
Republic of the Philippines
_. do .
Europe:
France
do
Germany
__
. __ __do
Italy
do
Union of Soviet Socialist Republics
do
United TCingdom
do
North and South America:
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
Cocoa or cacao bean's, incl. shells*.
do
Coffee
do
Rubber crude including guayule
Sugar
Wool and mohair, unmanufactured
do
do
do
F
do
<? nd ma nfartnrps'
Nonferrous ores, metals, and manufactures,
total
thous. of doLCopper, incl. ore and manufactures. -do
Tin including ore
do
Newsprint
(JO
860. 844
839, 084
817, 016
877, 288
918.279
53, 604
179, 510
162, 012
211, 100
107. 618
146, 999
47, 189
158, 033
157, 379
191, 537
99, 869
185, 077
35, 252
160, 494
148, 151
183, 483
90, 059
199, 577
30, 281
150, 032
170, 630
206, 672
85. 695
233. 978
35, 015
165. 566
190, 603
219. 112
86, 031
221. 746
766
8,121
7.548
8,275
2, 460
7, 777
423
8,287
10,459
32, 867
1,663
21, 187
16, 984
29, 087
26, 801
10,814
21.013
1,424
25, 296
19, 001
19.227
26, 019
8.771
23, 100
1,099
26, 374
17, 985
24, 676
23, 484
13,141
15, 661
12, 521
1,611
38, 260
12, 725
16, 954
12. 702
1, 535
40, 374
210, 555
238, 633
12, 473
49, 431
13, 102
24, 246
40, 458
31, 363
32, 131
858, 308
!
r
1,051,064
927, 221
856. 190
1,004,202
1,012,155
596
157
506
716
799
074
56, 763
185, 176
199,816
229, 070
134. 790
245, 449
54, 010
170. 556
185,553
183,895
136, 805
196. 403
45, 121
140. 455
172.260
185.017
121.717
191.620
48, 399
154,988
214, 588
214,918
150,506
220, 802
61, 716
177,171
207, 802
212, 304
147, 466
205, 696
50, 510
164,010
194, 857
210, 185
103. 991
178, 074
323
6, 858
1 , 851
7,414
7, 739
6,979
6, 840
9.633
2.334
9.734
2, 328
9,115
4. 554
7,289
2. 497
5, 499
9. 302
21,632
590
24, 231
23, 629
18,914
19, 024
8,137
19.941
1.341
24, 912
24, 631
22. 755
18. 873
6 685
20, 328
518
19, 926
20, 924
13. 682
13, 828
24, 633
30, 928
256
27, 543
24, 666
21.299
15, 451
15,888
24, 550
678
27. 198
23. 045
19. 4«5
19.429
14.347
16.959
818
19.037
15.439
18.854
20. 874
6, 9P.5
19. 848
571
23, 865
22. 034
18. 547
19, 708
13,931
23, 325
1, 196
26. 082
22, 330
19,347
23, 937
11,292
20. 540
499
21.935
21.150
1 8. 023
25, 929
12, 485
16, 668
12, 557
1,241
35, 789
11, 765
19, 133
10, 998
1,617
42, 975
15. 493
23, 001
17,251
1. 376
46, 041
12.569
23, 810
14. 128
982
38, 609
14. 259
22. 743
16, 591
559
42, 722
14. 346
20. 991
18.504
810
37. 495
13. 023
17.675
10. 187
367
44. 698
17.379
28, 071
15,381
2 005
51,361
18,784
26 227
12! 123
1, 128
46, 934
14,409
22, 948
13, 209
876
45, 656
190, 889
269. 548
15, 112
49, 606
22, 828
33, 526
36, 722
25, 755
32. 731
838, 175
183,017
278, 496
11,428
63, 125
31,031
35, 735
42, 352
26, 402
31,717
815,618
205, 876
306, 625
16,444
88, 896
36, 518
36, 324
37, 109
25, 989
34. 804
882, 065
218. 769
287, 196
19, 574
76, 739
31,261
30, 066
24, 447
29.511
32. 964
966. 110
201, 634
250,416
15, 737
57, 728
27, 782
28, 044
20. 284
33. 160
32. 574
795, 493
229, 038
356, 042
22, 245
81,685
36, 922
41.970
26, 418
51,577
35, 804
1,021,449
183. 882
311,145
22, 750
57. 916
24, 671
33, 519
36, 607
41.625
34. 575
913.589
184,973
294, 690
15,042
58. 576
26,314
31.029
32. 773
37. 969
34. 751
848. 274
214,909
351,079
20, 929
67, 602
28, 143
37. 494
48, 798
44,213
39, 259
991,987
212,273
337, 577
18, 549
59, 677
27, 304
43, 764
50, 079
39, 573
33, 573
997, 703
210,174
266, 724
14, 577
43. 197
27, 170
35. 066
40. 255
26, 993
37. 208
891, 102
242, 925
149, 603
94, 664
200, 828
170, 288
214, 846
149, 360
97, 221
201, 314
175, 433
209, 864
144. 514
97, 640
201, 947
161. 652
205, 860
177, 241
102, 314
220. 850
175.801
268, 704
162, 006
89. 410
243, 723
202, 268
181, 802
152, 094
74, 815
208, 081
178, 701
246, 866
229, 704
79, 974
274, 209
190, 696
235. 974
190.486
85, 464
225, 958
175.707
208. 540
175.810
76. 306
221.835
165. 788
234, 071
207, 899
106.064
242, 996
200, 958
223. 930
215.706
104,218
260, 132
193,717
219, 125
150, 638
99, 319
239, 091
182. 928
344, 846
22, 303
82, 679
6. 532
52, 132
43, 653
23, 341
513, 463
7,239
329, 783
10, 161
95, 442
5, 832
33, 445
43, 724
27, 645
508, 391
7.196
337, 072
6, 871
99, 155
5,298
40, 999
44, 526
23,929
478, 545
5,790
360, 530
6,344
126, 550
3, 935
30, 996
40, 161
25, 086
521, 535
4, 924
371,240
2.897
109,590
4, 852
32,613
19,528
63. 073
594, 870
7, 035
290, 160
8, 653
94, 992
3, 728
27, 077
13. 708
16.719
505, 333
2.611
410, 680
24, 650
149, 133
5, 437
41,921
17, 924
27, 549
610. 770
8, 585
382, 326
20, 084
123,448
5,315
35, 465
33, 282
38, 969
531.263
7. 578
335. 265
15,120
121.604
4,789
28,816
31.237
29. 129
513.014
5. 538
405, 850
13,101
150, 361
5, 936
33. 458
44. 450
30,011
586, 138
9,789
422, 220
17, 662
148,425
8, 765
33, 938
44, 531
29, 572
575, 483
6, 915
331,416
17, 390
87, 985
8, 110
29, 106
42, 786
24, 240
559, 686
5, 529
122. 031
20, 664
34, 388
24, 703
50, 938
55, 504
126, 982
42, 361
32, 037
21, 546
50, 191
54,547
109, 596
42, 841
28, 852
23. 718
47, 359
51, 754
114, 460
47, 940
23, 344
26, 390
49. 899
52, 230
122, 912
41, 848
30. 693
27, 071
51 , 003
64,479
103, 248
40, 714
20. 980
27, 323
47, 937
53, 979
143,311
49, 819
26,806
29,639
53. 604
71,782
115.429
34, 879
30, 722
25. 894
46, 106
65,112
119.714
43, 561
24. 531
24. 219
43. 841
57. 929 i
123, 092
36, 298
29, 169
24, 039
49, 808
64, 576
127, 389
47, 099
24, 139
23, 677
51,661
56, 821
118,906
44, 041
22, 652
25, 003
48, 600
62, 633
803, 849
35.
124,
175,
201,
83
183,
TRANSPORTATION AND COMMUNICATIONS
1
i
|
TRANSPORTATION
Airlines
Operations on scheduled airlines:
MJles flown revenue
thousands
Express and freight carried
short tons _ .
Express and freight ton-miles flo w n _ _ thousands _ _
M^ail ton-miles
flown
do
p "
36, 475
36, 213
35, 566
2
55, 643
15,826
13, 720
12, 475
5, 731
5,225
5, 201
2,128
2,183
2,140
1,142,731 1,121,868 1,119,674
36, 612
34, 211
35,632
33. 836
35, 931
37, 707
37, 681
39, 550
. ...
' 72, 363
14. 459
13, 133
14. 566
16, 591
14,967
13,992
14,065
5. 574
5. 346
5, 971
5, 554
7,947
5, 829
5, 874 _
1.828
1,845
1,879
2.059
2, 265
1,839
2, 238
972, 158 1,018.400 1.040. 70f. 1.000,839 1.154,796 1, 206, 462 1, 218. 245
34, 069
18, 341
11, 700
5, 109
2,054
1,116,764
11,612
5,115
2,012
1,081,742
thous. of dol..
do
19, 592
20
19, 505
*4
19, 793
0)
20, 561
56
20, 901
7
20, 921
50
26, 474
37
20. 061
27
19. 645
67
21,711
28
20, 039
22
20, 046
39
.cents. .
- millions.
thous. of dol._
11.3820
'3 957
118, 000
11. 4477
'916
117, 300
11.7810
••914
121,800
11.9148
••969
1 19r 000
11.9465
' 1,042
133, 500
12. 1776
'959
127, 700
12.2311
'1,053
145, 400
12.3114
> 953
127.300
12. 4184
'892
120. 300
12. 4428
' 1,004
130, 900
1 2. 4988
r
977
129, 200
12. 5596
' 972
126. 600
*" ' "-^iipq fl 'WT1 rpvprme
do
Express Operations
Operating revenues
Operating income
Local Transit Lines
Fares, average cash rate
Passengers carried, revenue
Operating revenues
12.5961
927
Class I Steam Railways
Freight carloadings (A. A. R.):^
r
2.802
3,294
3.352
2.731
4,001
2,236
2.671
3,363
3,882
2, 606
Total cars
thousands __
439
451
713
517
631
470
636
317
613
478
Coal
--do
59
58
74
60
75
61
15
58
57
22
Coke
do
175
178
225
164
173
179
203
243
179
170
Forest products
_ _ _ do
r
221
168
170
253
159
219
255
187
263
231
Grain and grain products
do
27
36
66
67
40
26
49
24
42
'25
Livestock
do
371
85
78
83
357
96
387
447
96
Ore
_
do _ . 265
302
360
274
288
318
364
289
Merchandise 1 c 1
do
1,938
1, 770
1.549
1 , 673
1,377
1,155
1, 579
1. 490
1, 852
1,298
Miscellaneous
_.. -.do
d
1
2
:;
' Revised.
Deficit.
Less than $500.
Data represent quarterly total.
Revisions for January-May 1952 are as follows (millions): 1,066; 1,000; 1,056;
1952, Turkey is included with Europe; previously, with Asia.
©Including Manchuria beginning January 1952.
*New series. Data prior to August 1951 will
cfDatafor August and November 1952 and January and May 1953 are for 5 weeks; other months, 4 weeks.
*£
2, 957
455
179
166
32
245
281
1,544
3, 883
626
71
217
215
41
438 !
346
1,929 !
1,047; 1,044.
ABe
be shown later.
3. 204
540
56
186
219
29
369
2(58
1.537
S-23
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
1953
1952
June
July
August
September
October
November
December
January
Febru-
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
- -doForest products
do
Grain and grain products
do _ _
Livestock
do
Ore
.-.do
Merchandise 1 c 1
do
Miscellaneous
- do .
111
96
68
144
165
45
82
44
122
108
Total adjusted
do
96
Coal
do
69
Coke
- - -- do_- 139
Forest products
do
161
Grain and grain products
- do _
56
Livestock
do
53
Ore
do
44
Merchandise 1 c 1
-do _ _
119
Miscellaneous
do
Freight-car surplus and shortage, daily average:
28, 136
Car surplus total
- number
14, 669
Box cars
_ _ d o __
6,372
Gondolas and open hoppers
do
2,933
Car shortage total
do
1,865
Boxcars
- - - --do _717
Gondolas and open hoppers
do
Financial operations:
r
Operating revenues, total
thous. of doL. 814, 451
Freight
- - - - do __ ' 663, 902
-81,702
"Passenger
do_ .
* 645. 880
Operating expenses
- do
Tax accruals, joint facility and equipment rents
thous. of doL ' 100,471
' 68, 100
Net railway operating income
do
48, 988
Net in comet
- - do..
Operating results:
47, 293
Freight carried 1 mile
- _ - . mil. of tori-miles 1.475
Revenue per ton -mile
-. _cents_
3. 065
Passengers carried 1 mile, revenue
millions..
104
75
56
147
183
45
73
43
116
129
101
154
157
145
61
323
46
141
145
135
187
151
138
93
352
48
155
138
93
185
146
157
117
314
48
158
138
123
195
149
144
95
258
47
150
120
111
200
135
123
66
102
75
57
146
1 53
56
46
43
115
125
101
160
149
134
65
216
46
140
134
135
189
140
123
70
235
45
144
128
93
188
139
157
76
233
46
145
40,311
7,477
13, 934
1,691
6,310
4, 924
1 , 958
2, 743
5.693
331
113
12.028
3,822
7.691
899, 734
744, 841
80, 548
663, 360
131,334
146, 650
104, 939
78,155
26, 642
2.070
1.490
448
790,718
644, 792
80. 482
634. 398
95, 357
60, 903
35, 469
44,817
1.524
3,076
13:>
43
135
121
108
193
139
128
59
70
42
138
119
97
191
140
112
46
69
43
140
122
92
186
142
119
47
79
45
146
127
96
175
144
117
58
231
44
146
132
106
182
143
124
58
315
45
148
328
43
146
134
123
195
152
147
76
233
46
144
131
111
191
152
131
69
248
45
144
134
108
184
154
128
62
278
44
151
130
97
181
146
114
57
275
45
149
132
92
184
142
130
60
273
45
154
129
96
178
144
133
66
237
44
148
130
106
183
137
141
65
237
45
146
128
105
179
145
155
64
212
43
142
8,914
25
6,996
14,194
8,235
5,169
5, 294
33
2, 030
7,075
4,253
2,472
24, 003
8 113
10 456
792
449
173
79, 262
21,625
46, 558
827
564
137
69, 294
8, 145
51 776
1 376
768
194
73, 260
7,429
56 584
1, 745
976
203
58, 597
5, 584
43 375
1,501
602
341
40, 222
12, 461
16 278
2 269
1,385
527
942, 139
985,215
935, 061
762, 543
84 069
812, 968
684, 368
64 738
621, 092
919, 617
779, 580
67, 052
1
696, 914
905, 605
765, 798
67, 093
1
673, 704
901,634
838, 101
66, 027
707, 483
908. 004
7<H), 593
65, 025
863, 001
796,010
121, 242
80, 075
57, 595
114,076
129, 134
93, 570
71 , 997
130, 392
1 01 , 509
77, 241
125,733
70, 581
674, 577
713,727
79, 199
661, 684
763, 046
66 880
680, 508
661,229
711,367
136,088
110,687
114,091
120,913
157,064
120,669
94, 456
92, 073
84, 158
109 602
141,852
56, 949
1.377
3, 133
58, 213
1.430
2,696
58, 066
1.503
2,481
5* ',975
1.417
2,416
50, 753
1.552
3, 118
51,756
47,714
1.458
2, 943
2,389
53, 227
1.536
2,491
52, 570
1.523
2,499
56, 296
1,429
2. 490
9,723
9, 637
6,467
3, 170
8,687
8, 560
5, 994
2 565
8. 064
5, 713
2, 351
77, 800
55. 943
1. 502
95 393
74, 420
105
176
151
158
5<>
25. 302
7 511
7 4()(>
4 129
3. 1 1 1
673
924, 362
776 260
75 342
688 949
135 740
99 673
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.....
9,341
6, 065
3 275
9 292
6,118
3, 174
9,737
6,576
2,948
2,649
3. 037
940
3,233
1,077
3, 057
1. 109
3,009
1,148
3,261
1,236
2,866
762
2,511
909
2,888
1,256
947
1,168
3,182
1, 256
3,153
1,064
3. 265
1, 045
6.70
79
260
6.39
72
237
7.15
6.91
78
251
7.13
83
259
7.17
72
241
6. 49
63
233
6. 69
76
249
6 77
78
245
6.49
76
230
7.14
78
264
6 51
77
274
7 04
255
76, 484
109, 740
1,744
18, 361
45, 330
' 2, 357
88, 798
111,036
115, 846
94,685
105, 868
63, 766
73, 084
55, 698
60, 671
50, 824
56, 399
53, 130
59, 980
63, 018
63, 298
71, 506
74,917
76. 349
69, 358
86, 172
34, 150
4,008
29, 361
4,270
25, 062
1,603
21,497
982
17, 109
375
19, 466
237
26, 700
253
40 199
328
47, 501
419
57, 560
599
53 901
1,030
44 057
2,439
809
10, 145
682
8,618
716
9,074
718
9,113
717
9, 064
665
8, 368
766
919
741
9,664
11,610
9,388
748
9,817
696
9, 132
656
8 022
351, 732
206, 102
119, 781
351,597
204, 358
120, 635
354, 143
205, 1 14
122,471
357, 925
210, 387
370, 929
216, 164
127, 665
359, 034
214, 751
380. 586
223, 190
129. 766
374, 578
222. 116
124, 327
363, 949
219 159
378, 836
223, 607
116,260
126,615
380 115
225 848
125.153
245, 862
42, 238
40. 966
258, 743
37, 140
41. 105
252, 771
41,077
41,255
255, 480
40, 878
261, 973
251,155
43, 950
41,786
273, 404
50 534
42, 068
260, 513
45, 507
248,719
44,112
41,621
264, 660
45 385
42. 488
262,177
46 270
42, 298
15, 839
14, 544
474
15,847
15, 101
15,633
14,883
17,251
17, 842
15, 850
1,253
15, 881
14, 761
435
18, 962
16, 225
2 370
16,937
15,487
* 22
15, 534
974
655
16, 033
14 178
1 097
18.245
15, 325
2 136
17,710
*47
15 187
1 734
17,977
15 835
1 346
2,081
1,766
105
2,164
1,880
60
2,101
2,377
2,470
2,272
1,798
91
1,779
383
1,804
438
1,820
256
2, 603
1,919
436
2. 456
1.875
360
2, 293
1,778
296
2, 617
1, 869
512
2 276
1. 846
229
1,855
194
2,517
2,056
340
2,585
2,084
2,385
2,038
2,611
2, 160
360
2,391
2 799
2,297
246
2,461
2, 090
259
2,069
388
267
489
2 453
2, 133
192
2 346
1,992
222
2 657
2. 130
390
2 545
2, 166
299
9 4HO
2, 100
249
3, 159
6, 523
3, 200
5, 813
2 874
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied t
percent of total
Restaurant sales index
same month 1929=100Foreign travel:
U S citizens arrivalsd"
._ - - number
U S citizens, departures^
_.. .
- -do ..Emigrant aliens departed
- .
do _
Immigrant aliens admitted
do
Passports issued
do
National parks, visitors
--thousands.
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous. of dol
76
270
COMMUNICATION S
Telephone carriers:©
Operating revenues
Station revenues
Tolls, message
_
... -
- .. thous. of dol
do
do.
Operating expenses, before taxes
Net operating income
Phones in service, end of month
._ -do ...
do
thousands. _
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues. . .
thous. of doL .
Operating expenses, incl. depreciation- _ - d o
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
120,911
41,419
117,549
42,116
47 354
42. 670
r
d
Revised.
Deficit,
' March data include operating expenses amounting to $17,700,000 which are applicable to the months of December 1952-February 1953; \pril data $2400000
applicable to December 1952-March 1953.
t Revised data for May 1952, $58,042.000.
' '
§Beginning July 1951, data exclude vessels under time or voyage charter to Military Sea Transportation Service.
jRevised series. Data beginning 1951 have been adjusted to the levels of the 1948 Census of Business.
cf Data exclude arrivals and departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.
©Data 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 1953
1952
June
July
August
Septem-
1953
October
November
December
January
February
March
April
May
June
CHEMICALS AND ALLIED PRODUCTS
|
CHEMICALS
Inorganic chemicals, production :t
Ammonia, synthetic anhydrous (commercial)
160, 034
short tons
630
Calcium arsenate (commercial)
_ __do_ .
56, 074
Calcium carbide (commercial)
do
72, 417
Carbon dioxide liquid gas and solidO
do
200, 169
Chlorine gas
do
Hydrochloric acid (1 00% H Cl) _ _
do _ _ . . 48, 851
150
Lead arsenate (acid and basic)
do
122, 670
Nitric acid (100% HNCh)
do
1,131
Oxvgon (high purity)
mil. of cu. ft
153,497
Phosi)horic acid (50% HsPCU)
short tons
Soda ash, ammonia-soda process (98-100%
334, 449
Na2COs)
short tons
5, 656
Sodium bichromate and chromate
do
230, 883
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhy41, 194
drous)
short tons
Sodium sulfate, Glauber's salt and crude salt
65, 838
cake
short tons
Sulfuric acid:
1,007,709
Production (100% H2SO4)
do
'
Price, wholesale, 66°, tanks, at works
20.00
dol. per short ton..
•Organic chemicals:
Acetic acid (synthetic and natural), production
27. 980
thous. of Ib
51, 944
Acetic anhydride production
do
957
Acetylsalicylic acid (aspirin), production do
Alcohol, ethyl:
32. 922
Production
_ _ . _ thous. of proof gal .
74, 420
Stocks total
do
In industrial alcohol bonded warehouses
50, 584
thous. of proof gaL_
23, 837
In denaturing plants
_
GO.
33, 102
Used for denaturationt
do
1,447
Withdrawn tax-paid
do _
Alcohol, denatured:
17, 868
Production
thous of wine gal
18,018
Consumption (withdrawals)
do
8, 055
Stocks
do
7,077
Creosote oil production
thous. of gal
5, 873
Ethvl acetate (85%), production
thous. of Ib
•Glycerin, refined (100% basis):
High gravity and yellow distilled:
7,099
Production
do
6,374
Consumption
do
14, 427
Stocks
- _ _ _ _ _ _ do__C heroically pure:
5,428
Production
do
7,008
Consumption
do_ .24, 507
Stocks
do
Methanol, production:
175
Natural (100%)
_ _ _ _ _ _ _ _ _ _ _ .thous. of gal. _
11, 881
Synthetic (100%)
- do _ _
19, 225
Phthalic anhydride, production
thous. of lb_.
167, 574
704
52, 238
80, 662
194, 285
49. 282
(i)
118,340
1,046
153,609
173, 326
0)
45, 812
79 391
207, 964
54, 462
(i)
128, 886
1, 862
179, 200
336, 327
3.722
224. 462
134,588
2,023
185, 295
184, 319
0)
56,315
55 292
227, 970
61,646
(i)
140, 866
2,251
205, 074
178,562
(0
56, 150
46 012
219, 626
61,699
381
147, 180
2, 175
179, 647
193, 507
0)
61,903
45 441
224, 938
64, 284
0)
157, 508
2. 297
176, 929
188, 882
41&
65, 788
44 463
231,017
66, 056
709
156, 824
2,278
207 747
173, 857
926
61, 913
43, 997
217, 261
60, 570
1, 194
139, 178
2,161
199, 765
189, 644
188, 173
534
'276
68, 946
68, 391
52, 950 ' 51, 823
233, 081 r 235, 596
65, 270
65, 960
1,444
1. 144
141,444
146, 594
2, 336 r 2, 182
210, 153
214,811
192, 424
216
69, 703
66, 194
240, 867
65, 890
964
134, 352
2,197
218, 614
370, 877
5,882
242 721
349,218
7, 001
242 700
405, 778
8, 355
260, 742
431, 598
8,107
257, 081
414, 557
8, 013
260, 184
422, 365
8,490
269 311
370, 735
7,440
256, 482
432, 747
423, 755
9,234
8, 034
274, 614 ' 278, 970
438, 427
10, 534
288 216
34, 403
35, 521
44, 948
59, 997
44, 373
45, 893
41, 181
41, 950
49, 941
57, 708
54, 037
58, 999
66, 516
68,913
75, 070
76, 075
81,301
81,814
73, 221
80, 383
79, 776
78, 422
968, 467
171, 721
0)
47, 947
65 370
20S, 966
57, 334
0)
1,066,592 1, 079, 457 1, 164, 427 1. 159,061
1,192,765 1 184,405 1,116,994 1,270,151 rl, 206,91 3 1, 257, 513
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
34, 256
65, 963
845
32, 979
70, 859
823
32, 781
74. 404
807
38, 746
80, 829
1,189
39, 241
69,515
1, 145
42, 985
72, 855
1, 137
39, 858
67, 1 75
1,120
33, 894
61,361
1, 115
44, 211
71,448
1,195
40, 688
67. 380
1.342
42, 105
71, 065
1,278
39, 292
77, 437
32, 984
82, 661
36, 439
87, 430
35, 839
85, 838
31, 552
81, 702
42, 182
83, 245
46, 161
84, 263
45, 013
77, 701
46, 837
64, 238
44, 681
74, 492
43. 394
78, 581
TO, 645
72, 519
47, 610
29. 827
35, 397
2, 052
47, 420
35, 241
28, 577
1,629
48, 430
39, 000
31.249
2,057
46,419
39,419
35, 172
2,058
42, 281
39, 421
34, 286
2,101
44, 833
38,412
40, 638
1.448
52, 686
31,577
35. 349
1,815
56, 948
20, 753
40, 320
1,892
54, 592
9,646
56. 224
2,171
55, 022
19, 470
34, 435
2,105
54, 872
23, 709
35, G40
2, 030
53, 812
18, 707
37, 469
2,206
19, 039
17,468
9,100
6,509
4,152
15, 437
18, 261
7, 158
12, 547
8,813
16, 987
16, 799
7, 326
12, 538
7,984
19,226
19,166
7,347
13, 026
7,363
19,613
18, 428
8,548
14, 059
8,082
23.417
23, 665
8, 285
12,897
8, 375
19, 037
20, 225
7,084
12, 631
6, 925
21, 659
17, 583
9,689
10,813
7,222
30, 199
25, 169
14, 909
11, 505
7,685
18,414
23, 105
10, 207
12, 386
7,423
19, 201
21,845
8, 855
14,015
6,004
20, 126
23, 309
6, 844
5,855
6,003
13, 553
6,511
6,538
12, 246
7,279
6,975
12,066
7,602
8,101
11,447
7,043
7,102
11,006
6,898
6, 219
11,370
6,701
6.503
12.998
6,762
6,276
12, 697
8,097
6,866
14,856
7,380
7,092
15,660
6, 993
6,787
15,912
7 653
6 265
17, 999
6, 237
6.628
21, 684
9,035
7,536
19, 080
10, 040
7,991
17, 173
11. 147
8. 886
16.211
10, 629
7, 527
15, 336
11,663
7, 608
14, 595
12, 181
8, 233
16, 069
13, 258
7, 552
17 644
14, 722
8,217
20, 146
13, 276
7, 897
21, 323
14.331
7, 698
24. 049
12 234
9 021
25 774
195
11, 890
18, 955
179
12,059
16, 462
234
11,143
17, 954
194
13, 367
19,036
179
13, 329
20, 480
172
15, 544
19, 978
153
14,027
20, 013
148
11,890
18,481
184
13, 275
21, 841
192
12, 469
17,519
204
12. 553
18, 181
530
136, 743
7,652
117,254
7.227
2
389
203, 643
24, 643
164, 357
7,015
2380
208, 593
19, 939
170, 215
7,227
«599
171,683
28, 068
124.084
5,893
3
559
242, 814
7, 955
219, 806
12,602
2
572
169, 969
7, 850
148, 826
7,848
2 685
160, 461
22, 468
117,635
8, 686
2924
140, 760
5,946
116 482
6, 637
2 1, 324
161, 193
5, 336
139 696
9,161
2 2, 030
199, 096
6, 853
179,311
7,814
21.863
227. 068
14, 628
201 527
6. 734
2
910
230, 296
5, 650
214 016
6, 101
208, 013
Imports total
do
151, 448
Nitrogenous materials, total _ _ _ _ . _ _ _ -do
90, 517
Nitrate of soda
_
do
14, 698
Phosphate materials
do
23, 258
Potash materials _
_ _ do _ .
Price, wholesale, nitrate of soda, crude, f . o. b. cars,
57.00
port warehouses
dol per short ton
Potash deliveries
short tons__ 127, 810
Superphosphate (bulk) :
944, 549
Production
_ . _
do
1,249,581
Stocks end of month
do
141,032
100, 674
37,015
7, 318
21, 293
169, 119
122, 146
50, 865
8 166
27, 336
237, 657
181, 487
69, 563
6,460
33, 020
220, 823
165,102
69,842
10,856
30, 821
194 024
133.078
66 738
26 160
22 218
194 599
137, 862
50, 743
8 735
34, 119
232 080
180, 359
41 722
12 400
27, 654
296 708
245, 377
37 565
4 521
30, 831
370 867
297, 549
75 600
11 610
29, 031
417 574
330, 194
88, 419
11 527
40. 955
57.00
113, 167
57 00
122, 979
57.00
149, 678
57.00
142, 726
57 00
1 27, 884
57.00
133, 733
57 00
139, 339
57 00
167, 733
57 00
214, 470
299 677
239 888
99 119
5 080
13 819
57 oo
142, 816
p 22. 35
FERTILIZERS
'Consumption (14 States)!
Exports, total
Nitrogenous materials
Phosphate materials
Potash materials
thous. of short tons_.
. _ _ _ . . _ .short tons _ _
_ _
do
do
_
do
928, 757
1,375,725
928, 624 1 ,048,458
941,440
917 938
960 242
1 429 455 1,407,462 1,403,232 1 398 372 1,510 676
57 00
183, 982
971 091
969 410 1111 489 r] 195 541
1 554 702 1 433 309 1 148 185 r 909 321
v 57 00
108, 479
1 096 771
1 01 5 041
NAVAL STORES
Rosin (gum and wood):
Production, semiannual total
drums (520 lb.)_
948, 760
769 520
Stocks, end of period . _ _
_ ___do_ __
904, 650
718 440
Price, gum, wholesale, "WG" grade (N.Y.), bulk
8.50
dol. perlOOlb..
8.35
8.70
8.40
8.50
8.35
8.90
8.50
8.80
8.80
8.60
8.60
P8.36
Turpentine (gum and wood);
Production, semiannual total
bbl. (50 gal.)._
331, 000
233. 670
Stocks, end of period..-do_-__
214, 640
135 000
Price, gum, wholesale (N.Y.)
dol. per gal..
.63
.62
.62
.60
.62
.62
.60
.60
.60
.60
.60
p. 59
.60
r
2
Revised.
» Preliminary.
* Not available for publication.
Total for 12 States: excludes data for both Virginia and Kentucky (effective July 1952, Kentucky will report semiannually: see note "§" below for quarterly data for Virginia),
JRevised data for January-October 1950 and 1951 are available upon request.
OData beginning January 1951 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 for Virginia; effective January 1951, this State reports quarterly. Data for Virginia (thous. short tons): 1951—January-March, 312; April-June, 288' July-September.
91; October-December, 111; 1952—January-March, 322; April-June, 331; July-September, 90; October-December, 100; 1953—January-March, 319.
SURVEY OF CURRENT BUSINESS
Augrust 1053
S-25
1953
1952
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
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
586
489
764
Black blasting powder _
_ . .thous. of lb__
1,010
1 184
902
1 016
57, 251
51,315
66 177
62, 515
High explosives
do
66 621
56 709
59 840
Sulfur:
443, 017
477, 939
447, 481
428, 810
Production
long tons
436 143
430 811
422 560
2, 902, 335 2, 982, 331 3, 047, 591 3, 081, 284 3 064 952 3,053 843 3 068 855
Stocks .
- _ _ _ _ _ _
do
1 056
56 212
812
710
56 871
58 876
634
63 170
553
503
64 562
64, 765
419, 365
455 380
381 532
471 615
418 568
479 954
3,130 379 3,089 132 3 042 952 3 001 430 2 866 743 2, 919, 545
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:t
Animal fats:
Production
thous. of Ib
Consumption, factory
do
Stocks, end of month
do
Greases:
Production
do
Consumption, factory
__..__
do._
Stocks, end of month
do
Fish oils: ^
Production
_
do
Consumption, factory _ ___
____do
Stocks, end of month cf
do
Vegetable oils, oilseeds, and by products :J
Vegetable oils, total:
Production, crude
mil. of lb__
Consumption, crude, factory
do
Stocks, end of month:
Crude c?
_ _
__
do
Refined
_
_ _ _ _ _ _
. _ do _
Exports
_
thous. of Ib
Imports, total...
___ __do
Paint oils
do
All other vegetable oils
do
Copra:
Consumption, factory
short tons__
Stocks, end of month _
do
Imports
do
Coconut or copra oil:
Production:
Crude
_
thous. of Ib
Refined
do
Consumption, factory:
Crude
_
do
Refined
___ _.
do
Stocks, end
of month:
1
Cruded"
_
do
Refined
do
Imports _
__
do
Cottonseed:
Receipts at mills
thous. of short tons
Consumption (crush), _
_____
do
Stocks at mills, end of month
do
Cottonseed cake and meal:
Production
short tons
Stocks at mills, end of month. _ _ _
do
Cottonseed oil, crude:
Production
thous of Ib
Stocks, end of month
_ „_
do
Cottonseed oil, refinedProduction
do_
Consumption factory
do
In oleomargarine
__ _ _ _ _
do
Stocks end of month
do
Price, wholesale, drums (N. Y.)*--dol. per lb__
Flaxseed:
Production (crop estimate) §
thous. of bu _
Oil mills:
Consumption
do
Stocks, end of month
do
Price, wholesale, No. 1 (Minn.)
dol. per b u _ _
Linseed oil, raw:
Production
thous. of Ib
Consumption, factory.
_ ___ _ do.
Stocks at factory, end of month. _ _
do
Price, wholesale (Minneapolis)
dol. per lb..
Soybeans:
Production (crop estimate) § _ _ -thous. of bu_
Consumption, factory
do
Stocks, end of month
do
Soybean oil:
Production:
Crude
_
.._
thous. of Ib
Refined
do
Consumption, factory, refined - __
do
Stocks, end of month:
Crude
do
Refined
do
Price, wholesale, refined (N. Y.)___dol. per lb___
305, 335
115, 548
367, 590
290, 088
95, 111
377, 329
286, 050
114, 199
339 625
290, 840
110,119
329, 643
358 024
128*965
296 004
367 547
104 045
327 150
431 761
105 973
406 370
427 887
113 586
460 719
343 522
127 834
453 996
344 181
128 956
T 449 299
331 952
125 007
443 138
r 3H 131
126,654
116,414
431 798
413 191
49, 486
31, 969
115,580
44, 932
31,098
118,495
46, 040
35, 164
113, 738
43, 600
37, 100
107, 634
54 838
44' 866
101 152
55 434
34 533
107 530
57 588
32 518
114 150
51 541
57 636
39 197 * 35' 222
115 820
117 840
51 090
40 361
109 800
52 056
34 996
105 854
52 336
33 926
105 053
50 838
32 625
99 715
12, 748
10,174
69, 931
22, 631
8,331
84, 479
22, 683
9,919
88, 854
13, 407
11,763
89, 990
9 268
15 957
103 115
5 743
14 975
92 801
3 037
10 832
90 117
486
223
14 599
65 644
244
17 820
76 380
11 930
51 459
1 844
11 443
47 180
8 000
12 989
46 731
18 087
10 672
46 797
343
410
305
361
354
394
433
413
627
566
592
532
566
562
572
551
488
521
510
546
457
525
415
458
369
446
1.054
1,017
536
30,911
36, 473
5,447
31, 026
1 049
1 102
27, 991
32, 922
2, 153
30, 769
30
36
3
32
808
190
664
525
35 276
31, 759
1 147
111
18 102
33 909
1 112
43, C97
35, 171
5,177
29 993
1 096
578
41,414
37, 943
2 494
35 449
1 115
32, 674
30, 935
5,051
25, 884
17 699
25, 227
18 875
33 521
31 026
33 468
24 349
32 966
1 074
1 044
15 467
56, 440
2 481
53 959
1 052
1,072
18 94'>.
44 941
9 336
42 604
16, 051
4,061
16, 456
18, 028
11, 974
21, 390
37, 665
13, 570
29 563
32, 550
10, 070
23,507
35, 228
16 591
43 529
30, 262
12 324
24 433
29, 524
12 900
23 426
27, 095
19,014
19 969
28, 611
11 277
29 o°9
31,031
17 729
38 517
25, 546
18 786
18 883
29, 421
14 416
26 583
21, 486
27, 765
22, 632
26, 745
47, 692
36 466
41,096
38, 003
45, 425
41, 035
38 622
31 423
37 619
30 958
34 491
27 041
24 232
29 174
36 332
29 922
39 520
26 942
32 318
26 959
37 590
99 qvo
43, 436
26, 131
41,119
23, 431
51 836
30, 364
56, 545
34, 112
61,323
35, 858
47 506
26 344
47 818
27 401
42 439
24 030
45 998
25 409
44 890
27 0^3
41 591
23 201
43 527
23 063
45 273
27 053
56, 707
7,596
9,777
49, 699
7,578
16,085
50, 718
8,730
12, 237
46, 974
7,616
10, 137
42, 465
8, 334
14,152
45, 915
8 415
16 162
47 506
7 980
11, 950
44 552
8 241
10 846
30, 782
7 677
5,298
36 744
7 429
9' 069
19' on
41 411
8 809
38 685
8 759
9 896
41 113
7 723
14
153
78
117
398
148
44
208
572
176
137
952
498
962
438
474
689
733
441
872
877
967
554
300 366
985
1,095
1,170
1, 757
386
1,035
2,010
1 097
719
2,388
539
666
222
655
100
550
28
377
14
266
1,827
1,391
38
480
2,261
949
614
361
197
521
782
69, 838
58, 946
55, 746
45, 104
70 059
47, 876
248, 660
81, 857
379, 384
115,114
348 802
144 420
317 680
155 303
310 755
194 047
262 173
210 115
231 782
208' 612
181 730
178 690
129 51 5
140 897
qq 667
192 619
52, 822
58, 602
41, 143
41, 077
44 768
38 375
156 459
103, 809
249, 604
162, 946
231 827
188 505
213 966
178 154
211 130
178 757
180 541
170 739
165 269
149 973
133 124
115 605
95 3S7
84 671
74 529
56 418
79, 578
113, 260
28,
764
1
401, 400
.185
54, 023
90, 150
17, 070
1361,320
.205
42, 285
92 727
23,
978
1
318 006
.205
71, 655
103, 262
32, 434
1288,212
.191
190 034
86 397
24, 707
445 493
.193
198 592
95 697
26 480
1 544 572
.195
185 476
104 450
29 016
i 627' 573
.228
173 738
99 752
25 781
1723 763
.179
169 882
90 754
23 109
1811 815
.'233
159 289
92 053
18 144
i 881 275
.233
119 424
79 258
17 430
i 91 6 453
.233
96 14°
75 610
19 744
i 93^ 27H
p. 233
173, 856
119, 867
29,258
1
343, 165 i
.191
2
3 39 95 <)
31 002
2,172
3,059
4.00
1,580
3,346
4.01
2 295
3,794
4.17
2,303
5,461
4.17
2,903
6,154
4.08
2 699
5 621
4.10
2 285
4 967
4.10
2 627
4 355
4.04
2 065
3 679
3.90
1 924
2 822
3.95
1 680
2 1%
3. 84
1 221
2 063
3.76
1 609
1 449
3.65
44, 015
43, 565
637, 975
.155
31, 860
45, 899
634, 474
.150
46 904
54, 981
622 350
.152
46, 702
51,841
616, 537
.156
58 017
53, 608
622 079
.151
54 620
47 674
626 611
.150
46 016
42 335
634 959
.148
51 336
41 602
643 703
.146
41 300
41 599
641 675
.148
39 027
43 085
636 113
.151
34 663
49 g64
626 180
.152
24 497
42 697
599 768
T
. 150
31 975
41 131
588 812
v . 144
18, 617
30, 838
17, 539
22, 339
17, 549
9 071
14, 969
11 632
22 507
85 496
21 997
89 783
291, 682
21 397
79 852
21 550
65 741
18 679
55 817
20 437
49 613
19 201
44 754
20 670
34 380
17 291
9ft' Qn^
189, 977
177, 198
188, 112
179, 498
162, 158
142, 825
178, 795
175 008
154, 982
155, 632
166 542
187, 729
238, 300
199 066
210, 621
230 609
173 576
171 950
226 935
198? 811
182 331
231 000
202 969
195 424
200 412
186 396
175 466
221 783
203 529
190 474
208 414
198 287
18° 488
226 293
1 Qfl flSfi
162 942
IfiA *}1Q
185, 122
111, 280
.174
180, 130
116, 618
.174
136 414
124 222
.170
98 287
96, 020
.156
124 629
75 677
.151
139 602
153 674
166 204
156 308
73 545
83 716
87 118
88 275
.161
.168
!l91 i
'.191
r
2
Revised.
* Preliminary.
* Includes stocks owned by Commodity Credit Corporation.
Estimate for 1952.
3 juiy i estimate.
{Revisions forl 950 and for January-September 1951 for production, consumption, and stocks will be shown later,
of Beginning 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. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
§Revisions for flaxseed (1946-49) and soybeans (1944-49) appear in corresponding note in the September 1952 SUKVEY.
158 194
98 342
.'208
1 56 951
103 952
!208
2
i nf. oQ-i
1 QA 87*}
100 864
.208
».208
S-26
SURVEY OF CURRENT BUSINESS
August 1953
1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June
July
August
September
October
December
November
January
February
March
April
May
June
114, 037
25, 364
113 421
23,911
93 279
23, 105
89, 896
20,817
103, 203
20, 246
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, etc. — Continued
Oleomargarine:
Production
thous. oflb _
Stocks (factory and warehouse) .
do _
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)*
dol. per lb._
Shortening:
Production
_ ._ thous. oflb
Stocks end of month
do
104, 040
26, 837
68, 695
23, 807
86, 564
15, 584
125, 694
18, 615
123, 403
23, 362
105, 480
21, 694
116 840
25, 283
126 580
23, 412
1
.266
.271
.269
'.281
1.284
i .284
1.284
i .284
.284
1.284
1.284
i .284
v i. 274
142, 749
81, 922
112, 624
88, 436
125,114
91?, 559
140, 171
74, 126
178, 057
86, 653
126, 622
93, 678
131, 749
93 668
141, 878
87, 976
134,857
97 290
137, 161
92 646
141, 998
108 894
118, 229
127, 912
106, 815
126 538
111, 955 ' 117,025
r
' 41, 192
44, 636
70, 763 r 72, 390
' 119, 754
' 49, 002
r
70, 752
r
»• 94, 769
91,050
107, 729
' 40, 808 ' 41, 536 42, 960
r
' 53, 961
49, 514
64, 769
106 176
43, 788
62 388
121 132
49, 645
71 487
»• 129 534
»• 52, 035
r 77 499
130, 404
52, 032
78, 372
2,223
6, 109
581
303
2,852
6,679
589
468
2,345
5,629
506
529
2, 659
5,780
2,360
5 992
610
532
2,575
6 207
3, 243
6,073
593
521
3,348
7 102
706
713
3,184
7 044
556
456
659
602
662
683
30. 996
27, 484
16, 942
32. 764
31 224
9,488
18, 078
39, 144
37, 919
19, 868
39, 247
33 936
8,639
21, 728
35, 539
38, 515
18, 315
39, 881
27 644
B', 914
21, 274
34, 474
37, 043
20, 473
41, 654
31 002
7,840
21, 925
35, 305
32, 938
17, 883
44, 506
32 978
8', 705
21,788
32, 975
34, 374
16 196
41, 028
31 228
8,246
21, 304
40 843
40, 233
20 111
46, 721
36 439
9,420
22, 946
41 551
35, 764
18 498
46, 295
34 274
8,882
22, 458
38, 299
39, 374
19, 856
46, 790
32 980
8,' 700
23, 204
PAINTS, VARNISH, AND LACQUER f
Factory shipments, total
Industrial sales
Trade sales
f
r
thous. of dol
-- -~ -do
do
2 '121. 223
2 r 41, 000
2 r 80, 223
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
1,713
3,805
453
400
2, 013
4 504
377
442
1,998
4,866
439
404
24, 827
26, 413
15, 312
29, 357
28 507
7,882
17, 467
20, 981
26, 259
11,189
28, 756
24 342
7,337
14, 368
26, 850
22, 007
16, 669
29, 582
25 692
7,572
17, 868
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins §
do _
do__
do
do
Rosin modifications
Miscellaneous resins §
do
do
109, 936
37, 045
72, 891
r
r
r
ELECTRIC POWER AND GAS
ELECTRIC POWER*
Production (utility and industrial) , total
mil. of kw.-hr._
Electric utilities total
do. __
By fuels
do
By water power
do_
Privately and publicly owned utilities
mil. of kw.-hr__
Other producers
_
__
do ...
Industrial establishments, total
do
By fuels
- -do___
By water power
do
Sales to ultimate customers, total (Edison Electric
Institute)
mil of kw -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
36, 052
31, 525
22, 366
9,160
37, 007
32, 523
23, 785
8,738
39, 752
34, 361
25, 844
8,518
38, 759
33, 376
26,019
7,357
40, 511
34, 821
27, 797
7,025
39, 351
33, 747
27, 225
6,522
42, 310
36, 452
28, 231
8,221
42, 656
36, 663
27, 402
9,261
39, 165
33, 597
24, 603
8,995
42,
36,
26,
10,
993
969
771
197
41, 510
35, 627
25 923
9, 705
26, 451
5,075
4,526
4,141
27, 249
5,274
4,484
4,159
28, 619
4,757
5,383
5,067
30, 227
4,594
5,690
5,422
29, 338
4,409
5,604
5,361
31, 343
5,109
5, 858
5,537
31, 432
5,231
5,994
5,571
28, 431
5,166
5,567
5,149
31, 249
5,720
6,024
5,572
30, 239
5,388
5,882
5,426
385
326
28,860
5,501
5,391
5,026
365
316
268
243
321
423
418
452
26, 856
26, 914
28, 781
29, 440
29, 279
29, 364
30, 676
31, 616
30, 875
31, 664
31.346
5,046
13, 069
5,361
12, 638
5, 583
14, 097
5,501
14, 681
5,236
14, 823
398
5,287
15, 663
480
8,259
525
363
714
32
5,594
14,810
475
9,081
540
363
720
33
5, 345
15, 684
401
6,657
5,411
14, 741
396
6,567
994
242
671
45
5,185
14,611
433
7,446
605
341
709
34
5,414
14, 888
404
6,544
800
236
713
44
440
8,627
575
327
718
38
462
8,383
683
325
734
49
488, 551
493, 359
527, 280
550, 592
569, 334
557, 643
560, 606
1,061
6,817
1,015
262
675
45
287
698
43
426
6,950
766
321
714
44
512, 716
521, 495
521, 103
456
T
41,995
35, 982
25 695
10, 288
42, 733
36, 827
27 732
9 095
30, 294
5,688
6,013
5,578
31,317
5,510
5,905
5,511
395
435
436
8, 033
854
290
731
51
554, 637
GAScf
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
Revised.
* Preliminary.
7,336
6,819
512
809
491
308
6,713
6,243
6, 685
6,212
6, 552
6,081
468
540
268
263
469
799
492
297
1,095
120, 928
86, 277
33, 743
83, 954
57, 416
25, 932
113,191
80, 803
31, 550
146, 648
108, 093
37, 524
18, 145
16, 694
1,433
11, 113
3 212
7,529
18, 899
17, 441
1,438
9,576
1,329
7,630
19, 545
17, 970
1,555
13. 525
4 126
8,496
19, 690
18, 078
1, 591
16, 249
6,757
8,855
434, 422
236, 113
190, 375
315,515
126, 145
176, 242
554, 740
305, 859
232, 401
756, 107
477, 947
265, 043
i Based on 1. c. 1. shipments.
Data prior to September 1952 are for carlots.
2
467
748
336
Revisions for January 1951-May 1952 will be shown later.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
fRevised 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,
which did not measure total shipments.
§See note "1" in the February 1952 SURVEY and earlier issues regarding changes in classification and coverage beginning with data for January 1951.
{Unpublished revisions for January-July 1950 and 1951 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; those for the first 2 quarters of 1951 and the first quarter
of 1952 will be shown later.
SURVEY OF CURRENT BUSINESS
August
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-27
1952
June
July
August
September
1953
October
November
December
January
February
March
May
April
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, totald*
thous. of proof gal_ _
Whisk v
_
_ --.
_-_ 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-naid withdrawals
do _
Stocks, end of month _
_ do
Imnorts
do
Distilling materials produced at wineries _ - d o _ _ _
8,975
8,412
10, 962
10, 116
9,266
11, 190
8, 634
8,159
11, 126
7,132
7,182
10, 597
6,844
6, 852
10, 132
5,787
5,908
9,598
6,686
6,774
9,096
6,621
5,707
9,606
6,191
5,630
9,789
7,683
6, 658
10, 324
8, 167
7,198
10, 720
7,791
7,118
10, 905
8, 753
8,083
11, 062
8,577
6,444
6,453
9,837
20, 691
12, 265
10, 558
10. 321
9,548
12, 539
12, 116
11,812
11, 469
13, 120
9,721
937, 156
1,326
13, 141
9,972
932, 414
1,229
13, 428
8,006
929, 033
1,088
1 5, 324
11, 509
921, 480
1,575
19, 463
15,909
909, 081
2,048
18, 966
15, 013
898, 143
2, 360
22, 785
10,216
894, 492
2,204
13, 398
8,872
892, 357
1,183
13, 597
9,124
890, 328
1,302
14, 785
11,311
887, 827
1,735
15,277
10, 785
886, 619
1,469
16,139
10, 799
884,315
1,636
10, 839
881, 824
4,823
5,026
767, 558
1,234
2,515
4,322
763, 490
1,141
2,677
3,980
760, 079
979
3, 208
6,204
754, 200
1, 443
3, 859
9,053
745,181
1,826
3, 683
8,312
737, 913
2,162
5,782
5, 676
735,172
1,977
6, 836
5, 320
734, 248
1,063
6,939
5,307
733, 138
1,185
8, 295
6,149
732, 448
1,639
8, 053
5,917
731, 757
1,337
7,232
5,608
730. 843
1,504
7,674
5, 499
730, 916
7,024
6,150
7,590
6, 389
5,936
4,785
8, 585
7,504
11,446
10, 116
11, 536
10, 455
7,732
6, 614
6,103
5, 091
6,634
5,721
8,313
7,217
7,683
6,500
7,934
6,659
8,047
6,739
102
86
1,515
35
63
73
1,503
28
100
78
1,518
29
62
112
1,467
40
90
158
1,384
64
82
182
1,274
86
77
197
1,139
96
151
97
1,183
33
73
68
1,178
23
101
88
1,185
40
249
86
1,343
39
151
101
1, 386
44
853
9.120
170, 606
360
155
547
7,980
162,733
272
1,758
1,741
8,440
153, 728
297
r
6, 871
20, 940
11, 993
162, 350
324
49, 009
66, 382
13,822
219, 565
513
124, 199
25, 764
12, 333
233, 390
589
55, 656
6,622
11,637
225, 069
589
17, 406
2,442
10, 303
215, 550
396
2,786
1,265
9, 963
205, 265
295
722
1,212
12, 161
191, 805
478
1,075
1,097
11, 739
179, 567
486
1, 561
1,2^1
10, 938
169, 669
409
534
130. 210
68,616
.690
121, 465
99, 751
.714
108, 320
111,400
.737
94, 885
111,319
.732
89, 575
102, 177
.716
76, 420
83, 951
.699
95, 855
72, 723
.678
106, 095
85, 737
.670
102, 770
99, 557
.668
122,895
132, 790
.668
134, 330
149, 876
.659
139, 870
109, 780
217, 604
192, 920
2,942
121, 925
94, 815
239, 632
211, 477
3,873
112, 370
85, 340
253, 563
222, 933
3,502
99, 235
73, 905
262, 467
231, 503
6,486
89, 090
63, 270
256, 885
225, 317
5,939
78, 110
53, 290
242, 509
210, 029
5,699
84, 840
55, 330
238, 803
205, 178
4,454
87, 355
58, 765
227, 499
194, 286
6,982
85, 410
60, 010
218, 371
186, 776
3,559
105, 935
78,855
232, 255
201,425
4,912
119,915
93, 225
262, 606
231, 524
4,503
.435
.436
.444
.465
.463
.457
.431
.427
.422
.411
27, 400
4, 750
349, 000
20, 660
3,500
273, 250
21,200
3,650
277, 300
14, 600
3, 250
243, 500
10,250
3,725
208,000
9, 050
3,275
167, 100
10,100
4,575
171,750
5, 050
170, 600
4,550
160, 000
9,540
392,212
7,975
41 7, 109
7,482
480, 266
8,354
508, 805
7,190
493, 073
7,519
447,175
8,320
382, 563
8,662
313, 741
1,528
10, 351
2,321
10, 570
1,665
9,029
1,484
5, 764
1,361
12, 342
1,071
7,740
365
6,539
2, 334
8,956
10. 80
6.30
10.80
6.33
10.80
6.38
10.80
6.39
10.80
6.40
10.80
6.39
10.80
6.33
6.27
6.21
6.12
5.96
5.92
5.79
11, 879
4,972
5.22
11,017
4,439
5.33
10, 238
4,062
5.43
9,126
3,553
5.54
8, 664
3,247
5.65
7,891
2,769
5.70
8,389
3,250
5.63
8,706
3, 458
5.50
8,533
3,346
5.40
10, 100
4,059
5.27
10, 854
4,522
5.05
12,610
5, 435
4.92
12, 349
5,492
4.87
13, 570
115, 875
9,950
85, 300
9,900
70, 650
6,175
50, 590
5,475
45, 100
4,840
43, 000
5,8-40
65, 950
7,400
78, 000
7,150
80, 300
8, 250
108, 700
8,100
124, 900
9,200
148, 400
9,390
142, 350
19,287
1 50, 593
21, 385
162, 150
23, 963
167,428
22, 273
153,762
20, 212
135, 177
17,009
124, 553
15,181
127,715
15,411
132, 265
12, 844
128, 820
13,311
132, 555
13, 391
130, 487
14, 930
154, 334
14, 443
159, 895
5,118
2,303
3,453
3, 567
2,921
5,824
2,599
2,515
3,186
3,365
3,695
4, 196
3, 694
8,851
3,495
2,706
2,850
1,690
5,371
2,260
3,824
8,073
3, 394
7, 832
.163
.165
.165
.167
.166
.166
.164
.163
.160
.158
.153
.149
416
153
9,744
306
238
5,994
1,432
6,221
5,136
5.578
26, 892
5,366
24^ 941
6,420
' i 92, 489
2,748
20, 061
13, 256
2,525
15, 265
10, 915
2,671
10, 775
10, 891
2,762
6,386
11,256
2,290
3,278
11,332
593, 518
578, 699
556, 897
532, 993
493, 402
455, 479
481, 129
496, 233
449, 348
441, 235
r
456, 980
493, 258
385, 494
463, Oil
530, 091
576, 522
569, 974
534, 933
494, 893
419, 899
384, 285
r
361, 217
380, 611
13, 126
12, 341
16, 508
21, 536
17, 282
347, 504
18, 300
23, 101
24, 871
19, 337
DAIRY PRODUCTS
Butter, creamery:
Production (factory)!
thous. of Ib
Stocks, cold storage, end of month
do
Price, wholesale, 92-score (New York)_dol. perlb__
Cheese:
Production (factory), total!
thous. of Ib
American, whole milk!
do
Stocks, cold storage, end of month, total. _ - do
American, whole milk
do _
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. per Ib
Condensed and evaporated milk:
Production:!
Condensed (sweetened):
Bulk goods
thous. of lb__
Case goods©
__
do
Evaporated (unsweetened), case goods. -do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of lb__
Evaporated (unsweetened) __ __
_do _
Exports:
Condensed (sweetened).
do
Evaporated (unsweetened")
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
dol. per case_.
Evaporated (unsweetened)
do ___
Fluid milk:
Production
mil. of Ib
Utilization in mfd. dairv products
. _ do_
Price, dealers', standard grade
dol. per 100 lb__
Dry milk:
Production: {
Dry whole milk
.
thous. of lb__
Nonfat drv milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk.
_ __
Nonfat dry milk solids (human food)
do
Exports:
Drv whole milk
__
do
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food), U S. average
dol. p e r l b _ _
155, 660
193, 609
.658
157, 280
253, 003
.656
149,720
118, 750
313, 276
279, 886
4,944
151, 225
120, 975
373, 170
339, 062
.407
.408
.406
4,300
201, 750
4,480
243, 500
5, 350
322, 600
3,775
327, 600
10, 154
262, 904
9,489
238, 043
7,849
262, 319
8,688
366, 926
9, 579
475, 333
1,527
7,785
2,423
11,106
1,969
8,827
2,718
13, 439
r
r
r
r
.147
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu__
Shipments, carlot
no of carloads
283
Stocks, cold storage, end of month ._ thous. of bu__
282
10, 869
Citrus fruits, carlot shipments
no. of carloads. _
Frozen fruits, stocks, cold storage, end of month
thous. of lb-_ 580, 264
Frozen vegetables, stocks, cold storage, end of
month
_
thous oflb
336, 911
Potatoes, white:
Production (crop estimate)!
thous. of bu__
24, 091
Shipments, carlot
__ .no. of carloads
Price, wholesale, U. S. No. 1 (New York)
dol. per 100 lb._
4.844
1
2
T
1, 536
1, 377
12, 331
r
r
2
20, 694
T
19, 142
102, 320
645
597
12, 235
376, 773
25, 216
6.708
7.025
6.188
4.792
5.481
4.971
5.369
5.317
3.969
4.013
' 4. 085
p 2. 916
!
'Revised.
v Preliminary.
Estimate for 1352. ReviE ions for 19 15-50 for ar>ples are as follows (tl lous. bu.): 60,686; 118,901; 112,89 2; 89,330; 1 34,002; 124,
148.
2 Juily 1 estim •ate.
d* Figures beginning July 1952 exclude productiori of wines £md vermoiith; for Ju ly 1951-Jurle 1952, sue h production totaled 91.000 gall(ms.
t Re visions for production of dairy products prior to Novem ber 1950 ar B available upon requ est as folio ^s: Beginrting 1949 for butter, c leese, and nonfat dry milk solid
Ik (Januar y 1940-Feb ruary 1951] will be si"lown later. Revised estimates ror produc
O Figures beginning 1950 represent whole milk only; earlier data cover both whole and skimmed milk.
SUKVEY OF CURRENT BUSINESS
S-28
August 1953
1953
1952
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
33.654 '
June
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous, of bu. .
Barley:
Production (crop estimate)^
do
Receipts, principal markets
do .Stocks, domestic, end of month:
Commercial
_do_ _
On farms!
do
Exports, including malt
do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per bu.No 3 straight
do
38, 061
Rice:
Production (crop estimate) J
thous. ofbu.California:
Receipts, domestic, rough
thous. of lb__
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of Ib
Southern States (Ark., La., Term., Tex.):
35, 649
38, 870
45, 025
56, 484
52, 510
39, 287
48, 066
38, 306
227, 008
7,659
6,877
7,005
9,402
8,161
40, 261
1
T
* 246, 728
6,527
6,172
10, 110
23, 234
11,264
8, 613
8, 294
14, 798
38, 046
880
14, 861
17,899
16, 967
10, 717
5. 9(10
3,829
1,374
2,161
8, 386
57 396
2,556
7,555
4,367
13,415
99 177
4,237
11,902
5, 575
20, 085
132 890
6,207
18, 989
3,560
1,096
1,064
1.530
1.316
1.612
1.430
1.709
1.648
1.626
1.480
1.631
1.545
1.598
1.505
1.612
1 . 457
1.581
1. 456
1.495
1.395
1.521
1.459
1.538
1.446
1.531
1.387
1.440
1.265
9,964
20, 041
9,557
14, 293
10,194
18, 206
11.006
21, 567
12. 095
48, 645
10, 769
56, 549
3 307
9, 965
33, 489
10,700
22, 037
10, 336
18,195
11,373
21, 403
11, 406
19, 601
Ml, 134
20, 621
* 3, 337
11,033
24. 690
32, 526
599.7
4, 375
20, 772
17,167
60, 880
46, 101
21, 740
16,005
16, 087
7,568
37, 288
1, 466. 4
8,986
29, 840
7, 237
62, 039
2,173.2
22,183
51,032
2,854
18,186
171.4
5, 275
31, 204
3, 6S9
8,773
12, 492
1.900
1.830
1.763
(8)
1.808
1.735
(3)
1.808
1.764
(3)
1.760
1.716
1.962
1. 586
1. 571
2. 135
1. 575
1.569
2.109
1.630
1.597
2.081
1.605
1.573
(3)
1. 551
1.525
2. 095
1. 562
1.540
(3)
1. 573
1.557
1.600
r 1. 578
1.546
1.522
9,130
21, 604
22, 030
10, 705
5, 573
4,735
] 26«
13,979
6,708
6,884
6, 796
4,714
4, 854
4 1,319
7,780
16,038
245, 772
378
.833
24, 101
30, 814
26, 546
21, 592
19, 819
10.828
311
.907
278
.904
238
.881
261
.800
12. 734
456, 956
935
.797
11,740
319
.865
34, 204
1 006,932
223
.920
30, 140
328
.829
286
.782
328
772
2
Corn:
Production (crop estimate) t
mil of bu
Grindings, wet process
thous. of bu
Receipts principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farmst
mil of bu
Exports including meal
thous ofbu
Prices, wholesale:
No 3 white (Chicago)
dol per bu
No 3' yellow (Chicago)
do Weighted average, 5 markets, all grades. -do
Oats:
Production (crop estimate) t
mil of bu
Receipts, principal markets
thous. of bu-_
Stocks, domestic, end of month:
Commercial
do
On farm^t
do
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago) _dol. perbu__
29, 169
7, 479
6,949
2 25, 567
1
2
15, 774
995. 3
2
0)
(3)
1
2
25, 041
791 , 661
279
.919
1
2
11,958
220, 067
.752
< 107, 642
108 133
61, 946
33, 526
40, 996
36, 124
23, 302
41, 993
12, 593
3,298
177, 837
61, 546
154, 481
66, 808
110,166
93, 444
88,012
69, 705
89, 398
78, 442
90. 896
49, 060
72, 663
76, 436
96. 375
63, 242
78, 020
55, 941
40, 204
30, 032
7, 276
12,153
65, 882
107, 170
90,015
80, 077
62,143
74, 247
48, 063
48. 982
44, 537
Shipments from' mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of month
thous of Ib
Exports
do
Price, wholesale, head, clean (N. 6.). -dol. per lb_-
91, 122
194, 651
11,757
101, 039
153, 772
121,058
.105
61,979
141,312
.105
51, 859
.105
101,657
.104
199, 214
.105
149, 231
.106
203.331
.108
199,698
.108
80, 638
.108
114, 183
.121
113, 180
.124
62, 057
.124
^124
Rye:
Production (crop estimate)!
thous o f b u
Receipts principal markets!
do _ _
Stocks, commercial, domestic, end of month-do
Price, wholesale, No. 2 (Minn.)
dol. perbu._
547
1,278
2.038
2,449
1,568
1.972
1,770
3, 210
1.951
815
3, 285
1.861
328
2,917
1.914
302
2,698
1.978
321
2, 685
1.831
239
2, 254
1.751
240
2,320
1.753
1,488
3, 373
1.614
1, 201
3, 627
1.516
* 17 422
502
3, 630
1. 388
1
Wheat:
Production (crop estimated total};
mil o f b u
Spring wheat
do
Waiter wheat
do
Receipts, principal markets
thous. o f b u . _ r 87, 348
269, 880
Disappearance domestic!
do
Stocks, end of month:
Canada (Canadian wheat)
do_ _ r 2 195, 182
255, 670
United States domestic totaled
do
2 93, 924
Commercial
do
Interior mills, elevators, and warehouses
thous. of b u _ _ '257,955
2 39, 568
Merchant mills
do
2
63, 079
On farmst
do
32, 205
Exports, total, Including
flour
do
27, 973
"Wheat only
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu..
No. 2, hard winter (Kansas City) .
do_. .
No 2, red winter (St. Louis)
do
Weighted avg., 6 markets, all grades
do,-_,
2. 505
2.306
2.104
2. 350
149, 329
59,153
r
21,383
15 910
2, 470
2, 892
1.920
i 1,291.4
i 238. 6
1
1,052 8
23. 372
249 807
23, 399
15, 809
261, 241
265, 465
240, 968
43, 666
211 636
23, 804
242, 463
237, 465
293, 700
276, 075
251,212
1, 103 275
259, 257
34,811
30, 873
2.490
2.402
2.380
2.530
189, 545
190, 469
279, 426
308, 618
224, 407
1,344, 121
313, 561
21,417
17, 232
26, 831
23, 385
365, 177
150, 243
510, 819
27,154
22, 744
33, 051
29, 193
20, 149
16, 146
311,752
128, 199
399, 412
29, 786
24, 547
2. 547
2.251
2. 154
2. 314
2.447
2.323
2.211
2.413
2.470
2.409
2.288
2.474
2.504
2.416
2.329
2.519
2.541
2. 458
2.306
2.567
2.533
2. 445
2.329
2.568
19, 833
r 263, 986
25, 917
27, 035
272, 551
840, 836
217, 258
268, 135
255, 780
231, 647
211,909
205, 929
29, 298
25, 586
r 246, 186
101, 691
268. 440
35, 586
32, 491
28, 151
24, 725
19, 769
15, 985
2.492
2.358
2.355
2.505
2.521
2.395
(3)
2.551
2.529
2.387
2.270
2.529
2. c5S
2. 355
2. 145
2. 530
r
r
* 1,174.7
*- 353. 3:
4 821. 4
79, 99S
283, 265
2
2
244, 748
559 349
239, 330
2 180, 407
2 58 408
2
72, 840
2.492
2.036
1. 793
2. 265
Wheat flour:
Production:
17, 041
18, 101
19, 099
19, 177
19,714
17, 695
19. 783
18, 565
17, 351
18, 990
18, 671
Flour
thous. of sacks (100 Ib.)
21,081
18, 035
78.2
78.8
77.5
79.0
87.3
82.3
84.7
78.0
73.5
88.9
79.3
Operations percent of capacity
76.6
82.7
336, 676
386, 219
387, 693
397, 704
396, 826
363, 955
377, 270
380,119
341,898 r 347, 478
424, 466
357, 000
Offal
short tons__ 367, 535
42, 234
44, 698
40, 904
39, 435
44, 530
45, 968
40, 103
42, 903
44, 107
45, 901
43, 458
49, 088
41, 767
Grindings of wheat
thous. of bu_.
Stocks held by mills, end of month
4,360
4,152
4,834
4 544
thous of sacks (100 Ib )
1,479
1,593
1,796
1,893
1,471
1,624
1, 816
1,328
1, 656
1, 718
2,248
1,690
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)*
5.630
5.590
5.505
5. 635
5. 830
5.390
5. 855
5.765
5. 980
dol. per sack (1001b.)~
5.825
' 6. 075
r 5. 935
f 5. 550
5.325
5.225
5.225
5.375
5.425
5. 500
5. 625
5.675
5. 675
5.525
5.675
Winter, hard, short patents (Kansas City) *. -do _ _
5.525
v 5. 149
r
l
Revised.
» Preliminary.
Estimate for 1952.
4
2 Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
3 No quotation.
July 1 estimate.
JThe indicated grain series have been revised as follows: Production—barley, corn, oats, 1944-49; rye, wheat, 1945-49; rice, 1949; stocks on farms—barley, corn, oats, 1944-49; wheat, 1945-49;
domestic disappearance of wheat and total United States stocks of domestic wheat, 1945-49. All revisions will be shown later.
fRevised series. Data are furnished by the Chicago Board of Trade and represent receipts at 12 ulterior primary markets; for names of markets and data for January 1948-July 1950, see
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.
SUKVEY OF CURRENT BUSINESS
August 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-29
1952
June
July
August
September
1953
October
November
December
January
February
March
April
May
June
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (Federally inspected) :
Calves
thous. of animals. _
Cattle
- do_-Receipts, principal markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)__do
Calves vealers (Chicago)
do
Hogs:
Slaughter (Federally inspected)
thous. of animals. .
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 Ib..
Hog-corn ratio
bu. of corn equal in value to 100 Ib. of live hog. .
Sheep and lambs:
Slaughter (Federally inspected)
thous. of animals. .
Receipts, principal markets _
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 Ib
Lambs, feeder, good and choice (Omaha). .do
392
966
1,590
152
430
1,100
1,898
185
426
1,135
2,078
338
496
1,215
2,641
563
602
1,390
3,141
1,088
510
1,151
2,379
667
1,252
32.22
27.21
34.50
32.53
25.24
32.00
32.52
25.17
32.00
32.19
23.57
31.50
32.09
22.76
33.00
31.37
22.31
33.00
28.77
20.50
29 00
4,259
2,773
3,641
2,268
3,592
2,203
4,290
2,540
5,492
3,099
5,772
3,326
4,233
3 571
2 562
19.25
11.2
19.96
r
11.4
504
586
1 313
1,877
184
1 170
1,609
80
1 299
1,952
119
1 371
2,019
146
1,345
' 2, 055
142
2,440
26 04
21.73
30 50
23 41
20.91
33 50
21 98
21.19
29 00
21 50
19.91
25 50
21 83
19.80
' 27 50
21 73
15.22
p 19 51
4,550
4,962
2 785
2 358
3,643
3,607
' 2 031
2 119
453
523
2,023
250
7,251
422
6,267
535
541
4,325
1 450
167
19.98
19.11
18.55
16.76
16.52
17.98
19.39
20.50
21.88
23.54
23.24
r
!1.9
"11.1
'12.1
'11.4
10.7
12.0
13.5
13.8
H.2
15.5
15.5
1,100
1 115
93
1,015
' 1 147
121
1,055
1,108
94
24 00
25 12
C1)
251 50
1,537
1,617
2 741
926
1,048
133
908
1,067
176
1,020
1,455
479
1,243
2,119
722
1,427
2,228
788
1,069
1,289
319
1,218
1,267
203
1,289
1 295
147
1,088
1 038
83
1,190
1, 173
113
28.38
0)
28.38
24.25
28.62
24.63
25.50
23.10
23.88
21.25
22 62
20.50
21.62
19.18
21 50
22 38
20.01
23 12
20.52
20.83
0)
1,444
1,161
44
1,418
983
49
1,395
825
50
1,527
696
37
1,819
636
55
1,742
779
59
2,127
1,046
1,572
1, 043
1,712
2
990
1,649
2
582, 712
201, 504
1, 531
659, 036
171, 444
1,666
669, 445
167,437
1,240
713, 624
184, 158
1,150
801, 489
214, 594
1,365
C)
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil. of Ib . .
Stocks, cold storage, end of month
do
Exports
do
Beef and veal:
Production (inspected slaughter)
thous. oflb__
Stocks, cold storage, end of month .
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs ) (New York)
dol. per Ib
Lamb and mutton:
Production (inspected slaughter)
thous. of lb_.
Stocks, cold storage, end of month .
do
Pork, including lard, production (inspected
' slaughter) _ _ _ _ _
--thous. o f l b _
Pork, excluding lard:
Production (inspected slaughter)
do
Stocks cold storage, end of month . ___ do __
Exports
do
Prices, wholesale:
Hams, smoked, composite
dol. per lb._
Fresh loins 8-12 Ib average (New York) do__.
Lard:
Production (inspected slaughter)
thous. of lb__
Stocks, dry and cold storage, end of monthf-do
Exports
_ _ - -- _ _
do
Price, wholesale, refined (Chicago).. .dol. per lb_.
2
59
662, 271 ' 734, 974
286, 299
252, 306
1 153
1,319
1,999
1 038
r 2
65
63
775, 091
287 258
701, 489
274, 457
1,272
877
55
929
55
' 2818
50
779, 450 ' 826, 083
859, 894
812, 729
256, 439
234, 891 ' 210 274 191, 817
1,368
1 794
1 965
.540
.534
.559
.562
.556
.545
.514
477
432
.392
.382
385
387
41, 392
14,902
38, 601
11, 814
43, 880
11,318
52, 839
12,553
61, 726
16,002
47, 505
17, 580
56, 616
21, 912
61, 371
20, 816
53, 166
23, 670
58, 129
19, 945
52, 458
17, 493
46, 755
r 14 79Q
44,558
819, 934
720, 191
681, 587
760, 409
955, 425 1, 031, 841 1, 335, 205 1, 162, 504
816, 995
874, 686
770, 875
677 203
712 978
601, 250
685, 033
9,285
525, 855
542, 707
10, 833
506, 990
407, 558
5,892
571, 228
290, 931
5,673
715, 279
234, 894
5,768
765, 850
319, 643
7 386
984, 200
489, 152
8, 742
841 949
595 546
8 605
601 403
604, 813
9 983
650 145
569, 204
7 745
570 190
538, 025
5 210
502 422
r 459 755
6 392
533 230
407 446
.569
.535
.585
.552
.616
.612
.571
.569
.569
.515
.552
.449
.559
.402
.581
.424
.595
.464
.602
.479
.619
567
v 650
576
160. 274
214, 678
29, 038
.145
141, 823
208, 025
32, 421
.140
127, 696
167, 718
37, 288
.138
138, 047
143, 223
26, 611
.143
175, 664
111,912
43,043
.143
194,381
136, 610
46, 638
.133
256, 269
210, 994
44, 347
.113
234, 448
241, 760
50 867
.120
157, 799
241, 890
45, 881
.125
164, 072
239, 009
39, 862
.135
128, 166
200, 621
33 841
P. 150
130, 863
169, 311
47, 806
157, 045
.215
52, 536
144, 508
.235
64, 955
182, 786
.245
81, 748
279, 191
.225
74, 618
294, 424
.250
70, 745
278, 595
.263
38 884
261, 072
.310
34 125
' 220, 606
.318
174,243
40 934
44 435
140, 371 ' 123, 485
.345
.325
46 431
117, 687
p. 245
4,431
' 1, 664
4,125
1,140
4,081
1,069
4,371
758
4,480
957
5,037
685
5 441
442
5 328
1,168
6 298
2,120
6 094
2,131
5 872
2,453
5 051
1,914
2,728
163, 359
2,169
144, 326
1,709
123, 661
1,000
95, 333
393
72, 462
153
50, 176
120
34 980
248
42, 419
375
65 201
816
98 978
r 132 294
1 523
159 683
.525
.553
.553
.631
.560
.489
.454
.443
.495
.497
.486
.517
.592
. 523
146, 255
225. 936
40, 675
.135
13 952
v. 140
POULTRY AND EGGS
Poultry:
52, 212
Receipts 5 markets _.
_ thous. of Ib
174, 040
Stocks, cold storage, end of month
do
.218
Price, wholesale, live fowls (Chicago) § -dol. per Ib. .
Eggs:
4,991
Production, farm .
millions
1,427
Dried egg production
thous. of lb_.
Stocks, cold storage, end of month:
3,357
Shell
thous. of cases
Frozen
__ _
. -thous. of lb. 166, 419
Price, wholesale, extras, large (Chicago)
.404
dol. per doz__
39 046
.333
r 1 431
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' sales*., thous. of dol. _ s r 54, 645 ' 47, 481 ' 61, 370 ' 100, 000 r 113, 845 r 101, 501 ' 102, 603
Cocoa:
Imports,
_
long tons.
28, 786
12, 977
8,705
37 144
9,043
13 272
4,210
.378
.381
Price, wholesale, Accra (New York)__dol. per lb_.
.354
.308
.333
.318
.340
Coffee:
Clearances from Brazil, total
thous. of bags_.
1,177
1,024
1,455
1,453
1,601
1,450
1,456
924
To United States
do
624
719
893
817
1 045
846
579
Visible supply, United StatesJ
. _ _ do
691
529
889
611
691
605
Im ports
do
1,228
1,408
1 615
1 869
1 454
1 394
2 205
Price, wholesale, Santos, No. 4 (New York)
.530
dol. per lb._
.545
.548
.545
.535
.538
.540
Fish:
Landings, fresh fish, 5 ports
thous. of lb__
72,504
76, 851
64, 754
54, 114
49, 126
26, 363
31, 529
Stocks, cold storage, end of month
do
152, 396
176, 254
183. 826 190. 493
200. 944
210.658 192. 818
' Revised.
v Preliminary.
1 No quotation.
2 Excludes lard; comparable figure for December 1952 is 922 mil. Ib.
87, 060
83, 063
81, 213
77, 096
63, 522
56, 041
32 530
.318
24 678
300
21 775
.328
27 425
'.339
31 912
'!334
p. 346
1,269
788
1,160
757
1,374
776
999
526
860
41 1
1,149
685
2 149
1 256
.553
712
1 839
776
1 815
700
2 *?47
634
.540
.553
.618
.573
20 492
170. 263
23, 689
1 42. 040
31 514
34 911
3
511
666
P. 561
119.099
10Q 1SQ
112 581
1d9. fiflfi
Revisions for January-May 1952 are as follows (thous. dol.)
fRevised series.' Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard; data prior to February
1952 will be shown later.
SSeries 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. Revised data for
January 1949-June 1951 are shown in corresponding note in the September 1952 SURVEY.
{For 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
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August 1953
1953
1952
June
July
August
Septem-
October
November
December
January
February
March
April
May
June
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end o f 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
4,388
3,970
3,645
3,320
2,895
2,620
2,170
1,970
2,679
3,801
4,906
4,676
4,364
46, 465
503, 896
142, 458
34, 190
617, 564
167, 422
9,971
573, 936
177, 671
91, 126
725, 621
237, 299
602, 545
387, 590
273, 166
732, 540
226, 961
108, 362
388, 838
194, 722
123, 853
69, 484
469, 755
149, 498
34, 014
398, 576
143, 730
37, 407
627, 988
192, 443
59, 948
854, 355
248, 129
12, 283
530, 430
235, 756
51, 262
628, 878
180, 490
Deliveries, total
_
._
do_._ r 897, 141
' 894, 889
For domestic consumption
do
2,252
For export
do
Stocks, raw and refined, end of month
thous. of short tons.. r 1, 115
28, 369
Exports refined sugar
short tons
Imports:
359,
836
Raw sugar total
do
199, 168
From Cuba
do
160,
667
From Philippine Islands
do
758, 308
755,061
3,247
734, 684
731, 376
3,308
744, 355
742, 146
2,209
680,035
677, 919
2,116
519, 868
518, 373
1,495
596, 070
593, 793
2,277
576, 630
574, 789
1,841
546, 884
545, 674
1,210
878, 155
876, 548
1,607
588, 583
587, 001
1,582
599, 440
597, 627
1,813
790, 640
779, 785
10,885
917
6,116
831
2,525
697
649
1,045
12, 376
1, 518
625
1,602
527
1,587
377
1,513
10, 356
1,306
441
1, 392
685
1,423
9,095
1,312
356, 970
208, 611
148, 359
346, 907
245, 485
83, 858
305, 205
240, 343
63, 861
124, 473
96, 836
17, 875
120, 331
102, 213
9,599
156, 891
129, 183
23, 964
269. 495
205, 264
58, 542
260, 306
178, 519
81, 667
361, 182
303, 479
55, 438
341,775
274.851
62, 664
325, 791
222, 582
93, 039
36, 198
35, 524
38, 106
33, 287
43, 038
41, 012
46, 738
43, 590
40, 675
35, 160
2,618
7,198
350
37, 924
32, 493
28, 173
25, 614
46, 834
39, 549
55, 961
48, 433
54, 782
46, 720
dol. per Ib
.066
.066
.064
.065
.066
.064
.060
.060
.062
.064
.064
'.064
p. 065
dol. per 5 Ib
dol. per lb._
thous. of Ib
.492
.085
7,044
.494
.086
8,482
.494
.086
8,094
.495
.086
9,506
.495
.086
7,430
.495
.086
5,530
.494
.085
6,931
.493
.085
10, 466
.490
.083
7,949
.489
.086
10,590
.494
.086
11,141
.495
.086
7,943
.494
p . 086
Refined sugar, total
From Cuba
Prices (New York):
Raw, wholesale
Refined:
Retail
Wholesale
Tea, imports
,
do
do
_
-
TOBACCO
Leaf:
Production (crop estimate) J
mil oflb
Stocks, dealers' and manufacturers', end of quarter total
mil oflb
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous doTiP'Stic
Tnil nf JV»
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports, including scrap and stems
thous. of Ib
Imports including scrap ?vnd stftms
do
Manufactured products:
Production, manufactured tobacco, total. _ do
Chewing, plug, and twist
do
Smoking
do
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
millions
Tax-paid
-.
do
Cigars (large), tax-paid §
...thousands
Manufactured tobacco and snuff, tax-paid§
thous. oflb.
Exports, cigarettes
_.
-millions
Price, whosesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination*
dol. per thous _.
0
2
i 2 255
3,828
4 491
3,951
4 493
2 125
4 035
387
362
341
391
368
3,244
3,410
3 963
3 197
3 472
19
179
18
161
19
167
19
168
27, 497
7,987
26, 087
8,966
34, 730
9,619
50, 451
9,173
41, 777
9,584
43, 055
8,226
36, 739
7,736
30, 746
8,918
22,900
8,290
41, 020
9,085
18, 444
7,324
7,995
3,126
16, 319
6,827
7,230
2,263
18, 554
7,011
8,373
3,170
20, 051
7,366
9,406
3,279
21, 342
7,936
9,781
3,625
16, 123
6,378
6,843
2,903
16, 369
6,469
6,662
3,237
16, 683
6,394
6,893
3,396
16,385
6,638
6,639
3,108
2,365
34, 511
492, 197
2,833
33, 837
468, 037
4,366
35, 972
492, 613
4,325
34, 950
498, 518
4,294
37, 372
548, 196
3,408
30, 386
528, 081
2,859
30, 066
448, 045
2,649
32, 498
431, 158
17, 870
1,043
16, 239
1,329
18, 455
1,810
19,315
1,266
20, 791
1,304
15, 653
1,244
15, 786
1,626
3.555
3.555
3.555
3.555
3.555
3.555
r
18
177
50, 103
7 961
35, 682
8 787
17, 947
r
7, 138
7, 458
3 352
18, 326
6,935
8,064
3 328
17, 806
7 246
7,494
3 066
2,394
32, 212
542, 594
3 856
34, 105
469, 164
2 703
31, 607
477, 520
16, 804
1,306
15, 480
1,348
17, 056
1,813
17, 887
1,331
' 17, 488
1 482
3.555
3.555
3.555
3.938
3.938
3.938
<
2 658
30 588
507, 629
r
r
r 3. 938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins t
thous. of lb__
Calf and kip skins. _
thous. of pieces
Cattle hides J
do
Goat and kid skins tdo..
Sheep and lamb skins
do
Prices, wholesale (Chicago) :
Calfskins, packer, heavy, 9^/15 Ibs.* dol. per lb._
Hides, steer, heavy, native, over 53 lbs.*.-.do
19, 148
164
133
2,320
4,007
19, 460
211
232
3,416
1,903
16,003
209
75
2,648
2,520
11, 963
194
90
2,804
1,100
13, 759
97
45
2,796
2,059
9,134
142
21
2,381
720
14, 149
182
50
3,771
1,195
12, 429
137
20
3,673
1,392
11, 264
72
38
2,458
1,431
13, 093
217
41
2,870
1,759
18, 407
123
31
3,055
4,466
18, 166
253
21
3,032
3,826
.388
.148
.425
.155
.450
.175
.475
.160
.488
.160
.513
.170
.488
.165
.488
.120
.550
.137
.563
.128
.513
.138
.613
.153
P. 625
P. 150
LEATHER
Production :t
Calf and kip
.
thous. of skins
768
684
913
1,045
994
846
967
936
930
857
842
'871
1,831
1,605
1,910
2,224
2,102
1,963
2,123
Cattle hide
thous. of hides
1,881
2,020
2,006
2, 128
' 2, 133
Goat and kid _.
thous. of skins
2,413
2,588
2,572
2,985
2,802
2,287
2,330
2,937
3,172
2,709
2,928
' 2, 979
2,312
1,912
2,244
Sheep and lamb
do
2,942
2,711
2,551
2,442
2,215
2,319
2,368
' 2, 435
2,618
Exports:
Sole leather:
25
39
25
Bends, backs, and sides
.thous. of lb__
56
65
75
82
42
24
57
65
23
Offal, including belting offal
do
35
45
73
51
92
43
33
76
13
96
73
55
Upper leather.
thous. of sq. ft._
2,134
2,270
3,125
2,818
2,798
2,288
2,512
2,743
2,996
3,000
4,002
3,959
Prices, wholesale:
Sole, bends, light, f. o. b. tannery*. __dol. per lb__
.705
.705
.705
.695
.690
.685
.705
.710
.690
.680
.680
'.725
P. 721
Upper, chrome calf, B and C grades, f. o. b. tan.848
.873
.987
nery*
_..
dol. persq. ft-.
.928
.890
.938
.955
.968
1.000
1.013
1.007
P 1. 126
1.125
'Revised.
» Preliminary.
1 Revised estimate for 1952 (revisions for 1950 and 1951, in mil. Ib., 2,031 and 2,332, respectively). 2 July 1, estimate.
^Revisions for tobacco (1944-49) are shown in note marked "§" in the September 1952 SURVEY; those for the indicated series for hides and skins (1950) in note marked "J" in the October
1951 issue. Revisions for leather production for January-March 1952 will be shown later.
§Revised to represent data based on number of stamps used by manufacturers, except for the latest month which is based on stamps sold to manufacturers; revisions prior to May 1952
will be shown later.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics', data prior to August 1951 for sole leather and prior to February 1951 for other indicated series will be
shown later.
SURVEY OF CURKENT BUSINESS
Ausust 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-31
1953
1952
June
July
August
September
October
November
December
January
February
March
April
May
June
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:!
Production, total
thous. of pairs
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By types of uppers :cf
All leather .
do
Fart leather and nonleather
do
By kinds:
Mien's
do
Youths' and boys'
do
Women's
do
Misses' and children's
do
Infants' and babies'
do
Slippers for housewear
do
Athletic
.
do
Other footwear
_ _ _ _ _ _ _ _ _ -do _
Exports §
..
do
Prices, wholesale, f. o. b. factory:*
Men's and boys' oxfords, dress, cattle hide
upper, Goodyear welt
1947-49—100
Women's oxfords (nurses'), side upper, Goodyear welt
1947-49 = 100-Women's and misses' pumps, suede split-do
39, 747
38, 520
46 552
44 100
46 341
38 932
42 033
45 268
44 872
48 723
44 968
41 858
35, 408
33, 946
40, 703
37 842
39 185
32 659
37 303
41 778
40 967
44 079
40 193
36 979
30, 735
4,673
29, 938
4,008
36, 385
4,318
33, 906
3,936
35, 057
4 128
29, 080
3 579
32, 750
4 553
36 278
5 500
35 336
5 631
37, 520
6,559
33, 898
6 295
31, 986
4 993
8,279
1,586
17, 926
4,728
2,889
3,816
181
342
280
7,256
1,485
18, 385
4, 393
2,427
4,070
169
335
246
8 986
1,949
21,910
5, 135
2,723
5 249
234
366
331
8 775
1 826
19,419
5 040
2,782
5 638
264
356
386
9 339
1 709
19 446
5 553
3 138
6 442
'286
428
433
7 866
1 442
15 580
4 882
2 889
5 668
237
368
346
9 010
1 539
18 028
5 585
3 141
4 161
229
340
305
8 953
1 558
21 718
6 257
3 292
2 946
' 226
318
293
8 745
1 515
21 005
6 298
3 404
3 369
238
298
388
9 125
1 622
22, 945
6 527
3,860
4 059
265
320
468
8 979
1 474
20 765
5 436
3 539
4 271
279
225
353
8
1
18
5
3
4
108.5
108 5
108 5
108 5
108 5
109 0
110 3
110 3
110 3
110 3
110 3
110 3
110 3
117. 5
112.9
113.3
112.9
113.3
112.9
113.3
112.9
113.3
112.9
114.5
112.9
117. 1
113. 4
117.1
113.4
117.1
113.4
117.1
113.4
117.1
110.7
117.5
110.7
118.2
110.7
532
574
490
139
247
375
280
224
348
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
__ _ d o _ _ _ .
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. ft_.
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M 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 _ .
Sawed 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. per M bd. f t _ _
Western pine:©
Orders, new
mil. bd. ft
Orders, unfilled, end of month
do
Production
do
Shipments
_ _ _ _
do
Stocks, gross, mill, end of month. . _ _ _ d o
Price, wholesale, Ponderosa, boards, No. 3 common, I" x 8"
dol. per M bd. ft
61,137
221, 006
48, 717
183, 140
67, 746
200, 342
48, 534
227, 340
40, 949
255, 581
44, 363
241, 379
61, 470
243, 479
54, 326
189, 269
62, 158
195, 457
47, 247
238, 076
58. 631
219, 381
53, 192
242, 183
3,213
614
2,599
3, 055
558
2,497
3,247
630
2,617
3,093
569
2,524
3,454
705
2,749
3,377
656
2,721
3, 526
701
2,825
3,520
685
2,835
3,568
692
2,876
3, 594
2,874
3, 069
691
2,378
3,072
708
2,364
2,856
618
2,238
2,877
630
2,247
2,973
658
2, 315
3, 025
705
2, 320
2,941
677
2,264
2,940
738
2,202
3,284
638
2,646
3, 356
783
2,573
3, 516
658
2, 858
3,582
802
2,780
3,200
543
2,657
3,306
701
2,605
8,118
3, 131
4,987
8,272
3, 192
5,080
8,348
3,241
5,107
8,353
3.256
5,097
8,328
3,228
5,100
8,324
3,211
5,113
8, 304
3,199
5, 105
8, 234
3, 152
5, 082
8, 234
3,091
5,143
8,163
2,947
5,216
8,094
2,802
5,292
7,955
2,644
5,311
766
817
837
786
920
31, 621
7,121
24, 500
884
975
773
726
967
19, 542
8,886
10, 656
835
893
912
917
961
36, 450
12, 369
24, 081
890
780
959
1,003
917
18, 856
7,268
11, 588
925
756
923
949
892
15,843
7,462
8,381
774
753
785
777
899
14, 110
4,156
9,954
823
811
812
764
948
16, 455
4,984
11,471
899
888
860
817
991
22, 119
6,783
15, 336
851
921
849
810
1,030
17, 815
6,663
11, 152
959
925
967
940
1,057
22, 393
6, 800
15, 593
1,032
814
894
885
863
1,008
29, 067
16, 245
12,822
942
978
1,018
30, 276
14, 691
15, 585
84. 840
86. 303
86. 436
86. 576
86. 576
86.310
84. 945
84. 665
84. 105
83. 405
82. 845
122. 868
121. 234
120. 418
120. 418
120. 418
122. 051
124. 460
124. 460
125. 105
126. 232
127. 049
752
334
699
714
756
326
735
764
759
365
705
720
776
372
747
769
802
376
787
798
677
372
670
681
599
295
708
676
758
320
767
733
692
350
700
662
752
356
767
746
803
383
830
776
739
376
754
746
1,618
8,150
1,993
6,157
1,589
6,477
1,928
4,549
1,574
5,985
1,351
4,634
1,552
5,317
1,152
4,165
1,541
4,300
1,104
3,196
1,530
6, 163
1,776
4, 387
1,562
11,517
1,529
9,988
1,596
9,345
1,327
8,018
1,634
7,379
3,016
4, 363
1,655
5,821
1,621
4,200
1,709
5,123
1,139
3,984
1,717
5 262
1, 335
3,927
78. 815
79. 250
80. 260
81. 483
81. 572
81.921
82. 113
81. 402
81. 180
80. 675
80. 487
155. 406
156. 068
158. 322
158. 358
158.971
158. 971
158. 971
159. 583
159. 706
159. 360
158. 748
680
548
691
633
1,647
739
610
746
678
1,715
737
656
730
687
1,758
719
675
702
650
1,810
737
657
740
706
1,844
592
614
572
561
1,855
614
628
462
550
1,767
610
670
426
518
1,675
531
657
429
444
1,660
586
643
554
550
1, 664
653
665
676
631
1,709
646
650
629
611
1,727
83.51
83.50
83.54
83.23
81.55
81.31
82.65
83.61
83,64
84.07
85.00
' 85. 04
' 237, 048 ' 270, 059
289, 083
«• 241, 598 r 272, 669
290, 689
* 100, 925 ' 96, 916 97, 619
302, 975
301, 638
99, 103
339, 259
338. 115
100, 073
351,913
344. 257
107, 562
r
v 78. 361
79. 009
«• 126, 396 p 126.396
r 79. 439
* 78. 756
' 156. 604 P 156. 604
p 84. 91
SOFTWOOD PLYWOOD
Production!
thous. of sq. ft., %" equivalent.. r 270, 370
r r274, 341
Shipments!
_ _ ..
.
._
- do
Stocks, end of month!
do
82, 101
r 228, 705 r 283, 827 ' 295, 381 r 307, 321
'r215, 391 ' 276, 444 ' 292, 584 r 306, 791
93, 329 r 102, 029 ' 104, 049 * 104, 894
'r 334, 309
335, 972
' 106, 057
r
r
r
345, 269
341, 083
110, 662
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of month
Production _ _
...
Shipments
Stocks, mill, end of month
M bd. ft..
do
. do
do
do
2,850
4,100
3,450
4,050
3,900
3,800
3,650
4,300
4,850
4,525
5,075
4, 150
9,600
9,700
9,650
9,600
9,500
9,650
9,600
9,325
9,650
9,900
10, 350
10, 450
3,400
3,000
3,900
4,000
4,200
3,200
3,900
3,900
4,200
4,000
3,875
3,500
3,550
3,675
2,950
4,250
3,800
3,350
3,650
3,550
4,250
4,050
4,125
9,400
8,900
9,675
8, 650
10, 175
10, 000
10, 200
10, 550
10, 525
10, 275
10, 600
io| 100
r
Revised.
*> Preliminary.
!Revisions for s hoes, etc., for Januar y-October 1950 are a\Bailable up on request . Revisioiis for softvfood plyw()od for Ja nuary-Majr 1952 are as follow
(units as above): Production— 244,399; 253,726; 270,90 3; 284,173; '<82,435; shi'ioments — 239,158; 261,5 50; 270,790; 283,378; 23 1,387; stock s— 92,726; 8 5,130; 85,4e 2; 85,913; 86,189.
cfThe figures include a comparatively small nuinber of "o her footwe ar" which is not sho^vvn separatejly from sh oes, sanda s, etc., in he distribiition by ty pes of upp ers; there a re further
small differences between the sum of the figures and the totals for shoes, 5 andals, an d play sho<3s, because the latter, and also th e distribut ion by kin Is, include small revis ions not a\Bailable by
types of uppers.
§Excludes "special category" ite ms.
*New series. Data are compiled by the U. S. 1Department of Labor, jBureau of j rjabor Statistics; mont-ily data pr ior to Apri1 1952 (Fet ruary 1951 for softwo 3ds) will b 3 shown later.
©Revised monthly data for 1948-March 1952 wi 1 be shown later.
_
_
SUKVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
August 1953
1952
June
July
August
Septe ill-
19 53
October
November
December
January
February
March
April
May
J
62 004
62 965
79, 466
79, 821
52, 083
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
64, 926
69, 938
79, 701
77, 844
77, 096
70, 446
66, 775
79, 941
79, 428
77, 609
75 162
61,721
80, 074
81, 531
75. 371
81 178
61 132
82, 021
84, 132
73, 260
87 303
57 998
91,034
94, 691
69, 603
63 707
50 843
76, 794
74, 393
72, 004
73 232
56 093
72 716
67, 982
76 738
89 979
66 898
78, 157
78, 556
76 339
87 638
76 823
72, 283
77, 265
69, 323
98 269
86, 161
79, 615
85, 226
62, 064
84 222
86 584
84, 371
88, 359
55, 268
65 466
77 419
77, 825
80, 635
52, 458
313, 408
16, 033
181, 185
10,185
293, 087
17,417
266, 254
11,255
306, 774
17,699
261, 581
3,138
7,321
3,724
3, 597
6,569
1,248
5, 321
6, 974
3, 585
3,390
6,694
1,295
5,400
p 7 054
p 3, 600
p 3, 454
P 6, 542
p 1, 346
*> 5, 196
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, total
short tons
ScrapO ___..
_ . _ _ _ „ do .
Imports total
do
Scrap
- do .
340, 490
42, 058
92, 539
2,829
223, 832
54, 735
89, 559
4,805
302, 079
36, 708
111,957
7,601
367, 876
21,991
142, 336
8,024
448, 197
39,176
221,304
5, 133
387, 319
19, 790
177, 224
11,767
439, 064
19, 692
205, 599
8,092
328, 121
12,147
149,311
5, 254
302, 085
24, 012
136, 349
10, 846
2,295
985
1,309
6,245
1,272
4,973
2,201
906
1,295
6,590
1,299
5,291
6,127
3,060
3, 067
7,027
1 379
5,648
6,477
3,270
3,207
7,045
1.388
5, 658
7 007
3,573
3,434
7,033
1,428
5, 605
6 676
3,444
3,231
6,936
1,350
5, 586
6 820
3,490
3, 330
6,910
1,329
5,581
7 008
3, 579
3,429
6,632
1,314
5, 317
6,499
3,343
3,156
6,722
1,295
5,427
1,552
3,163
8,940
2,783
1,805
9,906
14, 974
15, 992
8,888
15, 912
16, 301
8,500
14,271
15,588
7,183
9,448
11, 531
5,119
3, 260
2,970
5,449
3, 387
2,002
6,824
3,214
1, 909
8,149
4,113
2,181
10, 031
9,971
10, 486
9,516
14, 287
15.002
8,851
2,487
1, 405
27, 170
22,611
4,559
860
1,904
1,544
27, 388
22, 904
4,484
726
14, 368
7,243
34, 137
29, 449
4,688
847
14, 389
7, 659
41,532
36, 206
5,326
1,172
13, 013
8,048
47, 839
41. 699
6,140
1,065
9,295
7,826
51, 208
44, 318
6,890
1,012
427
8,220
45, 172
39, 055
6,116
746
0
8,293
37, 077
31, 967
5,110
681
0
7,396
29, 949
25, 741
4,207
576
313
8,257
22, 065
19, 026
3,039
576
8,404
7,764
21, 572
18,816
2,757
780
13, 597
8 358
26, 247
23,198
3,049
966
47
58
63
64
90
88
157
141
95
96
95
103
1,446
835
502
1,410
636
432
1,513
1,002
602
1,451
1,119
630
1,392
1,233
689
1,309
1,061
594
1,316
1,142
619
1,333
1,162
622
1,332
1,136
607
1,376
1,264
675
1,306
1,277
683
1,272
1,186
642
173, 353
74, 446
46, 511
166, 517
45, 266
29, 675
162, 832
63,716
39, 308
168, 367
75, 950
45, 849
168, 609
88, 062
52, 922
167, 842
76, 099
46, 708
173,494
80, 680
50, 485
174,809
87, 249
53, 272
175, 088
86, 515
51, 963
177, 776
94, 481
57, 025
174, 514
95, 923
57, 757
160, 387
82 050
48 Oil
1,068
1,110
1,003
946
5,831
5,671
6,164
6,007
6, 515
6,510
6,227
6,128
6, 510
6, 367
6, 564
6,478
5,882
5,832
6,677
6,577
6,231
6,236
6,587
r> 6 831
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 .
T
Ore
Iron ore:
All districts:
Mine production _ .
thous. of long tons
Shipments
do
Stocks, at mines, end of month
do
Lake Superior district:
Shipments from upper lake ports _. _
do
Consumption bv furnaces
do
Stocks end of month, total
do
At furnaces.
„
_ _ _ _ . _ - . _ _ do _ _
On Lake Erie docks
do
Imports
.
do
Manganese ore, imports (manganese content)
thous of long tons
r
13, 745
8,056
32, 070
28, 526
3,544
Pig Iron and Iron Manufactures
Castings, gray iron:§
Orders, unfilled, for sale
thous. of short tonsShipments, total _ _ _ _
___
-__
do
For sale
do
Castings, malleable iron:§
Orders unfilled, for sale
--- - short tons
Shipments total
do
For sale
do
Pig iron:
Production
_ _ thous. of short tons
Consumption§
do
Stocks (consumers' and suppliers'), end of month §
thous. of short tons
Prices, wholesale:
Composite cf
dol. per long ton
Basic (furnace)
_
do
Foundry, No. 2, f. o. b. Neville Island. ..do....
1,669
1,689
1,801
1,864
1,830
1,897
1,963
1,852
1,884
1,895
1,876
p 1, 867
53.81
52.00
52. 50
54.26
52.00
52. 50
56.31
54.50
55. 00
56.31
54.50
55.00
56.31
54. 50
55.00
56.31
54. 50
55.00
56. 31
54. 50
55. 00
i 54. 73
54. 50
55.00
54. 73
54. 50
55.00
54.73
54.50
55.00
54.73
54. ,50
55. 00
54 73
54. 50
55. 00
150, 232
113, 997
24, 013
158,392
121,402
19, 930
165, 155
124, 626
22, 610
148, 259
110, 467
22, 287
161,733
122, 166
25, 972
167, 211
126,819
26, 752
175, 675
137, 592
33, 156
182, 181
141, 873
34, 364
179, 615
140, 051
34, 035
165 649
126 380
29 552
6,373
54.80
p 54. 50
P 55. 00
Steel, Crude and Semimanufactures
Steel castings:
119,036
141, 628
Shipments, total
._ short tons
114, 410
97, 633
For sale, total
do
20, 752
30, 455
Railway specialties
do
Steel forgings:1
1, 248, 204 1, 289, 597
Orders unfilled, total
do
96, 828
135, 398
Shipments, for sale, total..
. ...
do
101,861
69, 165
Drop and upset
_ _ _ .
do
27, 663
33, 537
Press and open hammer
do
Steel ingots and steel for castings:
1,627
1, 640
Production
thous. of short tons..
18
18
Percent of capacity |
Prices, wholesale:
.
0476
.0471
Composite, finished steel
dol. per l b _ _
Steel billets, rerolling (producing point)
56.00
56. 00
dol. per short ton..
.0400
.0400
Structural steel (producing point)
dol. per lb._
Steel scrap, heavy melting (Pittsburgh)
44.00
44.00
dol. per long ton..
»1,399,969
1,391,998 1, 393, 137
2
120, 966
149, 642
178, 475
279,535
107, 966
130, 515
3
41 ,431
41,676
47, 960
8, 500
92
9,063
102
9, 808
107
1,398,863 1, 207, 058 1, 206, 550 1, 199, 151
180,538
183, 709
155, 630
183, 545
133, 851
135, 682
112,622
137, 221
46, 687
46, 324
48, 027
43, 008
9, 440
106
9, 691
106
1,197,291 1,081,838 1 239 057
200, 152
196, 441
191, 189
147, 701
140, 510
134 686
52, 451
55, 931
56 503
9,898
99
8,933
99
10, 168
102
• 9,546
99
.0498
.0498
. 0498
. 0498
. 0498
.0498
.0498
.0498
.0498
59.00
.0420
59.00
.0420
59. 00
.0420
59.00
. 0420
59.00
. 0420
59. 00
.0420
59.00
.0420
59.00
.0420
59. 00
.0420
44.00
44.00
44. 00
44. 00
44. 00
44.00
44.00
44.00
44.00
6,133
1 964
34
5, 733
2 188
41
5,396
2 277
36
4,884
1 892
28
4,949
2 046
48
5,174
1 798
62
5,052
1 670
63
9,997
100
9,404
97
. 0501
.0513
r
3 62 00 v 3 69. 00
' 3 . 0413 p 3 . 0413
39.50
p 40. 50
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands..
Shipments
do
Stocks, end of month.do
6, 406
1 655
35
6,502
1 629
25
4,878
1 981
' 68
4, 393
9 054
81
r
2
3
Revised.
v Preliminary.
1 See note marked "cF" for this page.
See note marked" T'for this page.
Data beginning May 1953 represent quotations for a substituted series,
©Data beginning 1951 have been adjusted in accordance with the revised export schedule to exclude exports of tinplated circles, strips, etc.
§ Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 establishments by the Bureau of Mines and the Bureau of the Census.
cf Beginning January 1953, new weighting factors have been introduced and delivered prices eliminated. Quotations comparable with earlier prices may be derived by adding $1.58 (plus a
very small adjustment for any freight-rate increases) to the stated prices.
HData beginning August 1952 are estimated industry totals based on reports from producers whose shipments in 1947 accounted for 98 percent of total shipments; unfilled orders are for
commercial forgings only, i. e., exclude forgings for own use. Data for May 1951-July 1952 are as reported by producers whose shipments averaged 50 tons or more per month; unfilled orders
for this period include captive shipments. Figures for January 1951-July 1952 revised to represent estimated industry totals will be shown later.
t For 1953, percent of capacity is calculated on annual capacity as of January 1, 1953, of 117,547,470 tons of steel; 1952 data are based on capacity as of January 1, 1952, of 108,587,670 tons.
4,804
2 068
' 90
SURVEY OF CUREENT BUSINESS
August 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-33
1952
July
June
August
September
1953
October
November
December
January
February
March
April
May
'r 304, 201
174, 879
' 129, 322
r
255, 358
1,338
27, 772
309, 816
183, 049
126, 767
259, 360
1,307
29, 317
June
METALS AND MANUFACTURES— Continued
IRON AND STEEL—Continued
Steel, Manufactured Products—Continued
Cans, metal, shipments (in terms of steel consumed),
total
short tons
Food
do
Nonfood
do
Shipments for sale
do
Commercial closures, production
millions
Crowns, production
thousand gross
Steel products, net shipments:
Total
thous of short tons
Bars, hot rolled — All grades
do
Reinforcing
do
Semimanufactures
do
Pipe and tubes
do
Plates
do
Rails
do
Sheets- .
_ ... ._
.
do
Strip— Cold rolled
do
Hot rolled
do
Structural shapes, heavy
do
Tin plate and terneplate
do
Wire and wire products
do
333, 416
218, 947
114,469
287, 127
1.022
30, 773
423, 894
293, 370
130, 524
388, 040
1.011
28, 531
465, 820
348, 906
116, 914
421, 221
1,126
29, 462
460, 155
348, 500
111,655
405, 368
1,146
33, 060
355,318
240, 136
115,182
306. 570
1,229
33, 467
245, 036
152, 116
92, 920
208, 128
992
24, 875
256, 739
158, 612
98, 127
219, 682
1,138
27, 002
269, 597
167, 764
101,833
227, 068
1,186
26, 616
252, 084
151, 200
100, 884
215, 587
1, 138
24, 696
279, 372
161,854
117,518
238, 914
1, 296
27, 627
1,250
123
28
55
182
110
11
321
62
33
36
104
85
1,414
130
35
120
152
107
3
425
59
35
29
125
108
6,312
744
188
306
717
680
121
1,567
127
155
428
479
416
6,542
787
181
352
797
649
148
1,639
156
192
386
412
447
7,156
846
197
377
861
709
156
1,819
189
207
412
435
497
6,648
828
153
350
783
679
145
1,714
166
194
416
388
443
7, 105
865
211
395
857
720
153
1,843
179
196
422
373
454
7,068
853
146
358
832
714
166
1,851
190
203
418
433
458
6. 533
779
156
335
804
659
148
1,695
167
183
395
373
435
7,437
894
173
415
902
707
168
1,982
205
210
416
448
471
7,162
838
155
357
880
650
150
2, 007
194
206
414
442
447
7,209
873
159
352
828
698
161
2, 003
187
214
417
459
449
77, 476
272, 633
78, 368
318, 763
85, 175
305, 987
76, 882
307, 644
77,312
374, 602
.74, 639
296, 613
83, 419
334, 147
89, 895
299, 415
92, 649
283, 599
104, 460
350, 094
102, 071
355, 895
105, 464
345, 619
104, 152
.0725
.0708
.0740
.0750
-0750
.0750
, 0750
.0750
.0825
.0995
. 0924
.0838
. 0936
195.4
39.9
155. 5
87.7
.383
184.0
35.3
148.8
86.1
.402
198. 8
39.2
159.6
92.2
.402
1
2ll.2
1
235. 5
51.6
183.9
107. 6
.402
212.1
46.5
165.6
98.2
.402
232.0
53. 3
178.7
103.7
.402
243.6
55. 6
187.9
110.7
.402
240.7
54.9
185.7
109.2
.402
273.7
59.4
214.3
127.1
.429
'281.0
266.7
57.6
209. 1
123.6
. 429
p. 429
73, 923
76, 284
74, 166
74, 907
79, 207
75, 730
77, 907
77, 594
72, 367
80, 807
79, 621
' 80. 829
73, 497
80, 392
92, 151
98, 416
70, 856
18,347
33, 061
26, 338
6,723
.2420
81, 601
96, 049
115, 390
73, 657
15,435
66, 380
38, 938
27, 442
.2420
79, 368
95, 366
127, 910
83, 771
14, 604
61, 122
21, 366
39, 756
.2420
82, 426
98, 930
135, 486
71,456
20. 945
67, 817
25, 605
42, 212
.2420
84, 824
105, 770
138, 759
59, 760
18,226
59,910
21,028
38, 882
.2420
80, 436
100, 075
125, 338
69, 237
13,016
59, 230
24, 016
35, 214
.2420
85, 239
113,965
143, 088
58, 858
16, 257
70, 300
24, 531
45, 769
.2420
81, 625
108,010
125, 133
59, 836
8,079
50, 138
23, 589
26, 549
.2420
83, 653
101, 538
117, 204
60, 944
6,030
62, 476
33, 320
29, 156
.2497
101,825
112,016
113, 462
55, 807
8,645
52, 397
20, 496
31,901
.2929
95, 890
112, 660
142,282
48, 382
6, 551
71,110
39, 573
31, 537
.2990
r 93, 197
117,929
' 146, 215
52, 762
8,669
67, 098
32 132
34, 966
.2968
84, 728
124, 480
139, 520
58, 126
31, 002
32, 962
29, 862
28, 829
30, 232
32, 393
30, 386
32, 919
33, 523
33, 770
29, 160
30, 537
29, 542
32, 769
30, 660
30, 697
29, 458
30, 388
30,715
32, 660
31, 137
31, 557
28, 905
28, 793
30, 753
38, 987
39, 503
58, 190
37. 489
49'. 705
44, 140
41, 836
41.269
39, 767
42, 791
45,818
31, 837
51, 521
40, 970
37,718
49, 806
48, 261
35, 686
48, 651
39, 370
43, 560
47, 295
35, 529
52, 760
45, 423
36,811
58, 949
47, 993
42, 242
62, 371
46, 729
39, 487
69, 608
43, 187
48, 914
63, 879
36, 880
44, 140
56, 569
.1341
NONFERROUS METALS AND PRODUCTS
\luminum:
Production, primary
short tons
Imports, bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
dol. per lb_Aluminum fabricated products, shipments,
total d" Q
mil. of Ib
Castings©
do
Wrought products, totaled __ do _ .
Plate, sheet, and strip
do
Brass sheets, wholesale price, mill
dol. per l b _ _
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 lb_.
Lead:
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
Gover.nrm-mt§ _ _ __
___
.
do
Industrial
do
Imports:
Ore (tin content)--. _
_ ._
_do
Bars, blocks, pigs, etc.. ..
do
Price, wholesale, Straits (N. Y.)
dol. per Ib_.
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:
O r e (zinc content) . . . _ . _ _ _ . _ _ . . do
Blocks, pigs, etc
do
r
45. 4
165.7
95.8
.402
r 61. 6
219.4
129.2
.429
.1526
.1600
.1600
. 1600
.1440
.1416
. 1413
.1419
.1350
.1340
. 1268
. 1275
67, 703
33, 085
40, 202
47, 190
59, 392
41, 305
85, 133
47, 999
42, 102
36, 410
42, 810
43, 612
2189
1,789
26, 301
15, 904
10,397
2
163
1,933
31,037
21, 009
10, 028
2231
4,553
25, 233
16,411
8,822
2,732
4,527
25, 273
15, 534
9,739
3,601
5,038
24,815
14, 266
10, 549
4,205
4,615
24, 124
13, 659
10, 465
4,021
4, 994
25, 939
13, 265
12, 674
3,070
9,951
1.2150
5, 481
6, 619
1.2150
2,378
8,711
1. 2150
1,136
7, 586
1. 2138
4, 869
6, 883
1. 2123
2,177
5, 860
1.2127
3,277
7,180
1.2147
3,862
7,728
1.2150
4,101
5,251
1. 2150
4,573
6,686
1.2140
1,915
7, 229
1.0111
2,017
6, 739
. 974.6
.2969
.9295
57, 068
50, 642
49, 482
48, 748
53, 346
48, 899
49, 789
54, 035
49, 506
51,803
51, 335
46, 839
77, 463
47, 265
35, 769
63, 342
76, 930
43, 353
38, 714
96,919
78. 167
78, 435
72, 963
96, 651
76, 019
78, 129
69, 343
94, 541
80, 588
79, 787
71,659
95, 342
78, 563
90, 756
81, 439
83, 149
81, 363
77, 352
71,175
87, 160
81, 994
80, 679
77, 573
88, 475
76, 899
71, 710
67, 729
93, 664
83, 485
77, 285
72, 388
99, 864
80, 459
86, 043
78, 211
94, 280
82, 422
84, 250
75, 648
92, 452
81, 617
76, 784
72, 612
97, 285
.1574
106, 743
2,097
. 1500
79,315
832
.1406
9,470
1, 164
.1398
14, 976
1,371
.1330
21, 322
2 939
.1250
23, 235
2, 555
. 1250
27, 232
1,532
.1259
27, 586
834
. 1148
27, 475
984
.1103
54, 642
4, 734
.1100
51, 609
473
.1100
75, 808
338
.1100
98, 159
6,487
62, 578
15, 905
4,088
4,218
4,454
9,151
6, 105
12, 278
7,027
13, 653
3,686
22, 014
6,809
19, 943
7, 837
18, 654
28, 020
21, 888
26, 601
24, 535
47, 708
27, 762
16,962
88,017
17, 285
79, 487
24, 037
73, 627
29, 455
63, 833
33, 552
55, 159
23, 087
51, 470
14, 088
54, 618
11, 522
60, 568
12, 955
65, 219
10, 990
73, 761
9,286
83, 423
12, 831
89, 479
2,925
8,782
2,915
7,676
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square):
Shipments
thous. of Ib. _
Stocks, end of month
do
Radiation:
Shipments
thous. of sq.ft.Stocks, end of month
__
do
'
3,974
6,507 !
4,729 !!
4,962
2,591
3,814
2,634
2,621
2, 435
1,740
1,821
5,032
4,199
3,859
3,422 '
4,044
4,028
4,625
5,310 '
6.745 i
Revised.
^Preliminary.
1 See note marked "O" for this page.
Production by detinners only.
cfSee note in June 1951 SURVEY regarding additional reporting companies beginning February 1951. ©Data beginning September 1952 are estimated industry totals based on reports
from a revised sample of 550 establishments; monthly data for January 1951-August 1952 have been revised to bring the estimates closer to the September 1952 shipments based on the new
sample.
§Government stocks represent those available for industrial use.
r
2
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 1953
1953
1952
June
July
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
Water heaters, nonelectric, shipments
do
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders.
thous. of dol
Unit heater group new orders
do
Foundry equipment (new), new orders,
net
1937-39=100
Furnaces, industrial, new orders:
Flectric
thous. of dol
Fuel-fired (except for hot rolling steel)
do
Machine tools:
New orders....
1945-47 = 100
Shipments
...
do
Mechanical stokers, sales:
Classes 1, 2, and 3
number
Classes 4 and 5:
Number
Horsepower
__
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), sMpmentst _
_ _ _ _ _ _ _ _
thousands
Domestic electrical appliances, sales billed:
Refrigerators index
1936=100
Vacuum cleaners, standard type
number. .
WashersO
-- do__ .
Radio sets, production*
_.
._ _ do. __
Television sets (incl. combination), production*
number. _
Insulating materials and related products:
Insulating materials salesbilled index! 1936=100
Fiber products:
Laminated fiber products, shipments!
thous. of doL .
Vulcanized fiber:
Consumption of fiber paper
thous. of Ib Shipments of vulcanized products
thous. of dol
Steel conduit (rigid) and fittings, shipments 9
short tons._
Motors and generators, quarterly:
New orders index
1936—100
Polyphase induction motors, 1-200 hp:d"
New orders
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp:cf
New orders
thous of dol
Billings
do
17, 851
20, 010
21, 197
21, 979
20 797
18 859
20, 200
26 768
24, 737
29, 828
r 29, 873
25, 667
42, 963
57, 830
72, 468
54, 737
67, 044
61, 577
63, 805
84, 620
50, 593
66 080
104, 098
42, 993
57 874
119,370
36, 076
42 595
72, 854
39, 324
37, 505
53, 243
46, 758
37 658
49, 026
49,915
43, 469
45, 345
58, 324
38, 986
56, 336
67, 262
48, 960
53, 904
78, 784
53, 657
64, 173
86, 387
192, 540
5,702
176, 405
10, 433
170, 146
7,080
154, 907
8,159
198, 604
8,820
180, 346
9,438
221 468
9,037
200, 946
11,485
264 196
9,905
241, 138
13, 153
204 336
7,793
187, 370
9,173
195, 052
8,088
177, 463
9,501
187 745
8,723
170, 675
8 347
205, 872
8,089
187, 702
10, 081
228. 602
8, 125
210, 048
10, 429
238, 851
7,420
220, 939
10, 492
197, 483
5, 075
181, 682
10, 726
230, 741
40, 963
120, 878
68, 900
393, 834
79, 027
197, 680
117, 127
132,211
236, 849
146, 296
515, 356
565, 508
158, 564
241,419
165, 525
659. 965
179,921
304, 169
175, 875
369, 238
118,544
170 365
80, 329
189, 009
33, 786
111,254
43, 969
145, 700
12, 061
57, 487
76, 152
124, 334
11, 735
60, 568
52, 031
147, 598
17, 218
78, 544
51, 836
137, 623
20, 782
72, 366
44, 475
154, 965
25, 503
78, 136
51, 326
70, 206
36, 627
27, 235
6,344
182,851
78, 266
38, 738
30, 950
8,578
157, 595
105, 410
51, 289
40, 654
13, 467
187, 949
116 300
54 368
46, 419
15 513
202, 432
126 754
59, 071
51, 331
16, 352
218, 582
89 708
44, 947
35, 227
9 534
195,385
64, 102
33, 128
26, 140
4,834
199, 972
57 778
31, 426
22, 101
4 251
207, 290
55 368
29,815
21, 662
3,891
210, 379
64, 115
32, 748
27, 353
4,014
229, 232
67, 543
37, 260
26,812
3,471
228, 731
70, 814
37, 755
28, 297
4,762
200, 714
39, 394
11, 891
41, 808
12 223
33, 117
16 625
33, 223
14 545
353.8
343.9
311.6
365 9
335.8
258. 1
343.3
301 0
257.3
396.7
303.0
294.4
1, 552
2,968
2.530
6,703
1,626
5,259
1 412
2,472
2,459
1,520
1,241
2, 396
1,634
3,235
1 655
3,540
1,672
3,996
1,301
3,607
1,796
3,017
1.799
2.609
2,095
2,550
342.9
330.8
376.3
259. 7
311.1
317.0
302 4
368.3
243.3
357.8
205.4
342. 5
225.2
355.0
255. 8
361. 6
282.1
354.5
327.0
375.9
276.8
372.7
' 246. 4
' 356. 4
•» 272. 8
P 341. 1
1,725
1,668
2,702
3 220
3,126
1,855
1,274
1 073
763
816
985
880
168
32, 702
249
47, 981
172
31,079
185
37, 796
158
31,366
116
21, 191
98
28, 199
88
38, 234
81
21, 851
63
20, 142
107
39, 388
121
29, 721
7,957
6,299
5,921
5 258
5,534
4,130
6, 575
5, 752
6,521
8,255
7, 758
4,629
5,690
1,535
2,526
2,905
2 874
3,112
2, 168
1,975
1,571
1,162
1,202
1, 245
' 1, 462
2,009
192
206, 939
281, 635
i 986, 603
197
188, 715
209, 901
494, 866
148
222, 413
259, 280
607, 402
136
237, 541
287,
919
1
970, 109
122
292, 474
335, 616
870, 338
152
254, 297
298, 641
1,037,864
211
188
147
208
183
329, 294
249, 032
268, 548 r 252, 404 197, 506
255, 886
246, 007
353, 972
317,914
294,
960
313, 005
295, 393
282,
453
333,
601
2
1,498,258 1, 093, 142 1, 192, 439 11,549,203 1, 158, 936 1, 108, 991 '1,163,831
i 361, 152
198, 921
397, 769
i 755, 665
724, 117
780, 486
2 921, 086
719, 234
730, 597
* 810, 112
567, 878
500
470
451
531
599
579
655
643
649
694
694
7,558
7,597
6,718
8,223
9,110
8,956
10, 196
10, 427
10, 609
11,072
3,720
2,179
3,038
3,759
4,160
3,658
4,198
4,466
4,360
4,843
481, 936
i 524, 479
11,322
10, 268
10, 299
4,701
4,452
1,296
1,027
1,210
1,380
1,694
1, 463
1,671
1,725
1,791
1,895
1,882
1,999
13, 422
6,824
16, 225
25, 456
21, 171
20,213
25, 780
21,946
23, 188
26, 058
22, 182
22, 206
517
463
490
487
36, 446
40, 443
36 946
35, 210
36, 954
36, 541
41, 127
39,639
13 614
9,787
9 269
7,905
8,807
10, 152
7,512
8,858
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
3,244
2,484
3,130
2,626
2,365
3,705
3,354
2,284
1,987
2,876
2,663
4,150
2,783
Production
thous. of short tons..
Stocks in producers' storage yards, end of month
1,264
1,668
1,674
1,447
1,314
1,420
1,300
1,479
1,623
1,635
1,611
1,608
1,654
thous. of short tons..
360
166
233
465
91
498
180
149
423
496
140
271
Exports
do
Prices, chestnut:
24. 69
22.38
22.54
22.92
21.77
23.77
24.00
Retail compositef
dol per short ton
13. 631
13. 869
14. 681
16. 013
16. 013
16. 013
14. 619
14. 119
14. 219
14. 681
16. 013
14. 619 * 14. 619
Wholesale f o b car at minef
do
Bituminous:
42, 723
39, 445
34, 265
25, 782
34, 171
32, 744
41, 060
31, 437
46, 885
36, 250
37, 025 ' 37, 255 39, 115
Production
thous. of short tons..
Industrial consumption and retail deliveries, total
41, 278
41, 424
37, 006
36, 967
37, 596
34, 368 ' 31 , 954 31, 540
38, 864
23, 683
23, 510
32, 635
34, 503
thous. of short tons._
31,911
33, 982
30, 113
33, 428
31,840
30, 051 ' 29, 230 28, 699
20, 705
20, 291
31, 928
27, 423
28, 327
Industrial consumption, total
do
665
712
556
759
792
125
509
762
198
615
840
377
Beehive coke ovens
_ _
.do
'847
8,899
3,293
8,923
8,259
8,641
8,447
8,067
8,956
3, 335
8,230
8,583
8,725
8,993
Oven-coke plants
do
786
764
582
603
725
687
709
664
681
679
699
692
668
Cement mills
do
9,604
10, 388
9,582
8,877
7,369
7,597
8,250
8,494
10, 170
9,123
8,618
8, 293
8,758
Electric-power utilities
_ __. do
3, 046
2,342
2,448
2,569
2,852
3,128
3,031
2,833
2,560
2,722
2,413
2, 334
2,168
Railways (class I)
do
698
229
679
617
625
559
538
653
474
208
532
623
454
Steel and rolling mills
do
6, 102
9,500
8,705
6,444
8,746
8,895
9,027
6,602
6,919
9,300
8,422
7.597
7,164
Other industrial
do
6,936
5,
056
7,296
3,219
6,176
7,996
6,893
5,756
5,212
4,317
2.724
2,841
2,978
Retail deliveries ....
_do___.
T
1
2
Revised.
v Preliminary.
Represents 5 weeks' production.
Represents 6 weeks' production.
tRevised series. For revised batteries data beginning 1947, see note at bottom of p. S-35 of the July 1952 SURVEY. Retail prices of coal are weighted averages for large cities. Wholesale
prices supersede former quotations on tracks, destination. Revised price data prior to 1951 will be shown later.
©Figures through 1951 are estimated industry totals; thereafter, data cover reporting companies only (representing about 97 percent of total industry).
*New series. See note marked
"*" on p. S-35. ^Beginning May 1952, the index includes varnished tubing and saturated sleeving. §Data for 1952 cover 14 companies; beginning January 1953, 17 companies. 9Data
beginning January 1952 cover 9 companies. cfThe number of companies reporting is as follows: Polyphase induction, 34; direct current, 28.
SURVEY OF CURRENT BUSINESS
-August 1953
S-35
1953
1952
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—Continued
TMtuminous — 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.
84
79
76
75
77
76
38
11
g
9
81, 192
79, 556
16, 894
1,412
35, 802
3,996
1,269
20, 183
1,636
79, 359
77, 698
16, 136
1,456
35, 895
3,560
1,195
19, 456
1,661
81 238
79, 567
16, 066
1,616
36, 797
3,443
1,158
20, 487
1,671
83 298
81, 492
15, 728
1,746
37, 722
3 487
1,236
21, 573
1,806
77 951
76, 369
14, 437
1,624
36, 393
3,041
1,156
19, 718
1,582
75 970
74,232
13, 637
1 607
36, 195
2 897
1,085
18 791
1 758
76 745
75 036
14, 430
1 540
35, 891
3 032
1,089
19 054
1 709
73 346
71, 857
13, 400
1,362
34, 771
2,973
71, 385
70, 110
13, 381
1,245
33, 906
2,892
70 235
69, 187
13, 276
1 106
33, 926
2 764
983
943
940
922
935
961
18, 368
1,489
17 743
1,275
17 175
1,048
16 866
1 058
17, 271
1,252
18 014
1, 551
4,898
4,014
4,288
3,760
3,010
2 981
2,357
2,207
1 584
1 575
3 150
3,437
16.02
16.13
16.22
16.28
16.54
16 66
16 72
5.629
6.378
5.640
6.487
5.640
6.544
5.655
6.680
6.016
6.951
6.028
7.020
6 032
7.064
5.931
7.076
5 923
7.058
5 857
6 853
5 831
6.446
"113
2, 369
267
77
2,305
306
248
5, 787
317
391
5 784
323
328
356
427
536
507
5 961
5 681
311
6 264
'329
6 299
314
483
6,284
337
451
6,117
6 032
2,557
2,007
550
122
58
3,297
2,479
819
103
53
3,142
2 294
848
98
44
2 838
2 132
706
97
52
2,541
1,957
583
87
41
2,445
1 920
524
96
62
2 177
1 736
'441
14. 750
14. 750
14. 750
14. 750
14. 750
2,017
185, 917
96
204, 762
2,139
188, 868
96
214, 729
1,935
192. 798
99
220, 661
1,677
195, 528
1,790
202, 044
98
96
210, 510
213, 358
285, 964
71, 950
194, 525
19, 489
275, 951
70, 352
187, 341
18, 258
264, 368
67 497
178, 394
18 477
264, 723
65, 241
181, 580
17 902
2 388
17,' 601
2.570
1,876
17, 497
2.570
1 966
18, 124
2.570
43, 640
36, 827
45, 735
38, 337
25, 815
36, 285
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 minet- - -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
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton..
r
324
334
70
69
13
1
34
2
73
79
531
473
408
057
649
571
72, 912
71, 660
13, 897
1,106
35, 880
2,571
341
r
5. 810
6. 428
v 5. 810
p 6. 428
539
6,283
370
6 128
»• 2, 135
1 606
r
529
2 129
1 572
r
1 995
1 641
103
54
2,075
1 672
402
111
51
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
1,773
194 611
1,690
205 645
1,957
203 214
2 059
193 389
98
1 807
202 458
2,404
198 086
96
1,828
183 736
97
91
93
211, 456
215, 504
218, 288
195, 133
217, 073
203, 425
217, 074
269, 776
66, 084
7 85, 900
17 792
267, 852
63 777
185 625
18 450
271
66
187
17
928
275
852
801
272, 250
65 902
188 480
17 868
273
66
189
17
275
69
188
17
665
077
897
691
280 487
71 181
19l' 494
17 812
280
71
191
17
1,664
18, 306
2.570
1,526
20, 074
2.570
1 805
16 788
2.570
2 991
20 141
2.570
2 211
18 500
2.570
2 Oil
16 292
2.570
2 171
20 221
2.570
2 833
18 516
2.570
1 611
20 729
2.570
46, 933
38 822
45, 053
36, 887
45, 183
37, 321
45 310
38 984
46 768
40 351
47, 379
40 515
42 153
35 704
46 157
38 931
42 730
36 572
43 393
37 120
23, 291
37, 027
26, 221
42 094
28, 836
41 267
39, 347
50 395
47 176
48 304
60 535
60 109
63 778
57 557
52 552
48 531
50 773
52 769
38 533
r 47 192
28 789
44 801
3,912
2,463
6,156
4,380
2,439
6,117
5 380
2 621
6 680
6 028
2,618
6 342
7 162
2,827
6 975
7 749
2 622
6 354
8 523
2 516
6 782
7 702
2 055
7 403
6 809
1 831
5 924
8 083
1 884
6 774
7 152
1 757
7 075
6 087
1 735
7 090
65, 911
45, 688
85, 775
52, 245
104 257
54 061
117 252
56, 200
120 721
53, 052
116 096
53 069
99 582
48 706
80 655
45? 910
67 167
44 178
59 802
41 600
61 349
39 572
73 706
41 ' 795
3,613
2,588
2,999
2,473
2,306
1 583
3,269
1 194
2,840
1 373
2 949
1 271
3 015
1 502
2 135
1 367
3 673
1 339
3 091
1 724
2 942
1 972
2 592
1 591
.091
1.150
.098
.950
.098
.900
.098
.900
.098
.900
.098
.900
.098
.900
.098
.900
.098
.850
.098
.850
.098
.850
.093
.850
9,519
5,268
23, 061
740
11,083
5,883
27 387
796
11, 620
6 014
32 401
525
10, 498
7 156
35 021
10, 919
12 230
33 289
358
13 061
17 829
26 842
13 434
17 066
i 23 437
655
11 792
12 455
32 199
358
511
11 313
13 884
20 468
325
377
11 135
12 092
18 697
10 825
8 256
20 335
10 132
5 602
24 307
857
cnn
.101
.108
.108
.108
.108
.108
.108
.108
.108
.108
.108
.103
4,855
3,414
9,694
1,297
4 668
3 224
9,775
1 295
4 857
3 343
9,620
1 610
4 694
3 433
9,745
1 070
4 940
3 711
9,869
1 054
4 507
2 800
10 561
4 416
2 993
11 021
4 210
3 596
o 93^
11 224
4 321
4 271
3' AOPL
4 K79
938
917
10 801
10 873
354
130
43
1 973
1 581
392
140
3Q
2 00°)
1 541
467
154
52
76 026
74, 475
14, 545
1,226
36, 955
2 774
190
53
484
556
14. 750
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
.....
number..
Production
thous. of bbl
Refinery operations
percent of capacity..
Consumption (runs to stills).
thous. of bbl__
Stocks, end of month:cf
Gasoline-bearing in U. S., total
do.
At refineries
do
At tank farms and in pipelines
do
On leases
do
Exports
do
Imports.
_
_ ._
do _
Price (Oklahoma-Kansas) at 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 oil
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
Domestic demand
do
Stocks, refinery, end of month
do
Exports©
do
Price, wholesale, bright stock (midcontinent,
f. o. b. Tulsa)
dol. per gal._
o /ym
11 250
890
94
589
451
163
975
628
94
728
3
99Q
11 134
1 127
Q1 Q
308
Oil
556
741
p 2. 821
6 116
*.093
p . 951
p . 103
1 ni 9
.270
.270
.270
.270
.260
.250
.210
.220
.220
.210
.205
.205
P. 195
r
Revised.
t Preliminary.
1 New basis. Comparable data for December 1952 (thous. bbl.): Distillate fuel, 98,895; kerosene, 27,529.
t Revised 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.
cf Includes stocks of heavy crude in California.
f Revisions for January-July 1951 will be shown later.
©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, portable battery, automobile, and clock models;
television sets include combination models. Annual totals for 1924-46 for radios and monthly data for 1947-50 for radio and television sets are shown on p 20 of the October 1952 SURVEY
Data for June, September 1952, and March and June 1953 cover 5 weeks; December 1952, 6 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-36
August. 1953
1953
1952
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
April
March
May
June
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Motor fuel:
All types:
98, 340
105, 022
107 427
Production total
thous of bbl
104, 977
104 873
Gasoline and naphtha from crude petro86, 638
92 564
93, 373
95, 742
93, 663
leum
thous of bbl
17, 310
17, 669
18, 259
19, 605
Natural gasoline and allied products do
18, 248
Sales of 1. p. g. for fuel, etc., and trans5,608
6, 574
6,020
7,296
6,934
fers of cycle products
thous. of bbL.
8,437
8,761
9, 759
8,938
Used at refineries
.. do _ _ _
9,186
99, 305
105, 307
102, 954
100,095
103, 689
Domestic demand
do
Stocks, gasoline, end of month:
112, 232
108, 708
111,770
110,750
113,698
Finished gasoline, total
do
60, 389
57, 244
57, 180
58, 180
59, 276
At refineries
-- _- do _
7,934
7,858
8,292
7,842
7,293
Unfinished gasoline
do
10, 035
10,095
8 890
9,722
8 925
Natural1 gasoline and allied products do
1,923
2,730
2,203
2,164
2,396
Exportsd"
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
.104
.104
.104
.104
.104
dol. per gal. .
.129
.129
.129
.129
.129
Wholesale, regular grade (N. Y.)*
do
.205
.204
.202
.203
.204
Retail, service stations, 50 cities
do
Aviation gasoline:
6,003
6,552
6,694
6,988
7.193
Production total
thous of bbl
5,068
5, 417
5,977
5,325
6,191
100-octane and above
do
7,332
7,311
7,865
8 085
8 397
Stocks total
do
3,878
3,863
4,470
4,751
4,259
100-octane and above
do
Asphalt:
Production
short tons 1,280,700 1,383,600 1, 493, 500 1,475,100 1, 407, 100
] , 436, 000 1,167,100
967, 500
690 400
755 800
Stocks refinery end of month
do
Wax: '
96, 880
92, 680
116, 200
105 000
113,120
Production
thous of Ib
179, 760
169, 680
173, 600
158,480
168, 000
Stocks, refinery, end of month
do
Asphalt products, shipments: $
5, 160
5. 434
5,972
6. 765
Asphalt roofing, total
thous. of squares
6,428
Roll roofing and cap sheet:
I, 019
1. 077
1,203
1, 332
1,438
Smooth-surfaced
do
1, 160
1,235
1.394
1, 570
1. 661
Mineral-surfaced
do
2 98?
3, 121
3 375
3 526
3 666
Shingles all types
do
146
23(»
128
163
195
Asphalt sidings
do
52, 459
57, 135
59 250
61, 432
67. 533
Saturated felts
. short tons .
104 894
106 432
i 107 413
i 96 796
1
105 897
1
101 389 i 107 243
2
3
90 359
19, 543
2
96 091
s 19, 733
7,787
8,930
98, 158
7,973
8,088
102, 044
7,133
8, 255
105, 867
149, 069
87, 232
8,804
7,748
2,349
153. 315
89. 513
9,416
8, 268
2,513
148, 924
84. 695
9,108
8 849
3, 289
147, 371
82, 322
9,044
10 359
2, 185
. 104
.129
.203
.104
.129
.206
.104
.129
.208
.104
.129
.206
.104
.129
.206
7,020
6, 060
9 754
5,241
6.670
5,815
9, 425
4,887
7, 341
5, 942
9 882
5, 168
7, 263
6,065
9 601
4,910
7,907
6,748
9 828
5 348
93 148
19,396
94 725
20, 804
2 95, 609
3
20, 617
2 86. 221
3 18, 408
7,650
9,317
91,326
9,097
9,451
95,817
9,082
9.292
89, 634
7, 685
8,378
86, 458
121,645
63, 809
7,864
8 584
3,447
127,792
70, 581
8,236
7 807
4. 645
141, 746
79, 746
8 772
7 575
2 652
.104
.129
.201
.104
.129
.203
6 977
5, 661
8 451
4, 536
7,230
5,853
9 126
4,761
2
93 963
s 20, 202
p. 104
v. 129
.221
712, 900
852, 500
969, 100 1, 172, 909
748. 700
998, 700
707, 300
910 400 1, 149 300 1 368 200 1, 579, 500 1, 769 500 1, 904, 200 1 969 818
106 680
156,520
113, 400
161,000
105 840
160, 440
99, 680
150, 360
121,800
148, 400
118, 720
140, 840
122 920
142, 800
4,241
2,918
3. Ill
2,966
3,800
5,161
5, 300
943
1,033
2 265
170
52. 472
670
773
1 475
123
40, 598
721
767
46, 292
669
695
1,602
114
43, 423
817
886
2,097
105
50,646
1,062
1,078
3 022
120
64, 339
1,029
1,197
3 164
109
62, 520
1 623
131
5, 192
1
i
I
I
1,018
1, 108
3 066
98
57, 264
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulp wood:
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..
Dissol ving and special alpha t -- - short tons.Sulphate (paper grades) t
do
Sulphite (paper grades) f . . __ do.. .
Soda
- -. -do ..
Ground wood
.
- do
Defibrated exploded etc
do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
short tons..
Sulphate (paper grades) f
do
Sulphite (paper grades) t do . .
Soda
do .
Groundwood
do
Exports, all grades, total
Imports, all grades, total
Dissolving and special alpha t
Sulphate t
Sulphite (paper grades) t
Soda
Groundwood
do
do
do
do
do
do
do
2,044
2,127
5,148
2,211
1,910
5, 448
2,527
2,209
5, 766
2, 355
2,104
6, 007
2, 255
2,351
5. 917
2,150
2,224
5,843
2.247
2, 131
5,926
2.432
2, 367
6,006
2,283
2, 148
6,132
2,260
2,405
5,989
1,987
2,375
5,598
1. 875
2, 406
5, 063
2,259
2,370
4,948
589, 727
605, 572
548, 623
550, 030
561,067
536,811
631, 070
667, 847
501, 402
693, 247
698, 420
496, 775
786, 664
775, 224
510,317
685, 279
704, 127
492, 249
696, 981
666, 765
521, 737
687, 220
708, 058
509, 058
647, 080
682, 469
476, 575
742, 150
741, 071
474, 106
762, 156
750, 702
484, 184
723. 385
732, 924
473, 084
820, 565
732. 850
459, 606
1, 323
56, 102
690, 882
184, 265
33, 893
194, 762
89, 236
1, 180
55, 839
607, 453
156, 865
26, 953
181, 974
84, 161
1,381
62, 173
728, 421
196,340
32. 708
194, 697
83, 646
1,305
60, 401
670, 471
186, 823
32,320
185, 254
84, 958
1,461
65, 441
761, 522
205,110
36, 628
204, 312
92, 331
1.394
59, 762
739, 059
190, 129
35, 173
189. 874
93, 005
1,348
49, 548
700, 304
186, 072
36, 004
197, 113
91,021
1,483
58, 871
784, 840
205, 504
36. 875
210, 319
93, 629
1.356
49, 214
715, 468
186, 191
34, 782
192, 325
88, 308
1.512
56, 401
810, 905
203, 364
37, 084
206, 012
89, 186
1,467
51, 686
783, 586
200, 232
33, 717
201, 951
99, 431
* 1, 518
57,914
812, 940
201,416
35, 828
209. 324
99, 650
1,483
63, 469
800, 485
188. 431
35, 639
199, 893
98, 260
156,864
38, 813
38, 488
2, 640
41, 030
146, 208
35. 867
33,417
2, 563
36, 722
152.021
42, 955
32, 252
2, 425
31 , 983
146.712
42, 769
32, 722
2,321
26, 681
149.404
42, 786
31,489
2, 282
22. 568
154. 700
43, 809
32, 513
2.641
22. 394
154,327
47. 159
29.111
2, 403
25.115
164. 777
46. 920
35. 175
1 , 861
28, 094
158. 036
39, 166
32, 592
1. 936
31, 683
165, 367
42, 186
36, 738
2,190
33, 052
164, 671
41,427
40, 609
1,711
34, 740
173,013
41,965
42, 354
1,348
37,271
175, 179
36, 343
42, 988
1,497
35, 187
19, 666
133, 599
13, 353
50, 681
46, 551
2 197
20, 205
9, 883
122,636
18, 053
47, 747
40, 689
1 743
13, 851
14,861
138, 616
19, 333
50,814
46, 837
2 113
18,846
11,388
160. 423
19, 833
59, 195
50, 536
2,494
27, 773
11,560
170, 340
25, 579
63, 100
55. 096
2,257
23, 593
11,712
200. 827
23, 787
74, 047
72. 759
2 29S
27.107
12, 031
222, 780
21, 551
84, 287
90, 924
2. 623
22. 73]
13, 489
190,211
19, 934
81,119
64, 621
2, 560
21.302
6,228
169,613
16.415
72, 243
57, 473
2.427
19, 664
10, 449
167, 154
21, 025
69, 186
55, 693
3, 205
17, ?78
12,646
175, 608
21, 523
71, 088
62, 430
3, OHO
16, 694
8. 672
191, 660
20, 354
83 397
61 564 •
2, 429 1 _
23, 462 ;
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
2. 104
2, 059
2,027
2. 279
2. 205
1,949
1,762
2, 066
2,281
2. 023
2.263 ;.
2.265
thous. of short tons._
1,080
869
969
977
981
1. 053
987
1,077
Paper (incl. building paper) __ _ . do _
990
992
1,085
1,084
1 , 075
942
941
858
783
967
997
1. 052
936
1,0.32
1,076
Paperboard
do
1,056
118
124
126
126
112
109
119
110
128
110
125
115
Building board
do
T
J
Revised.
p Preliminary.
New basis, representing total gasoline production (comparable figure for December
1952
is
107,581,000
bbl.);
comprises
total
gasoline
and
naphtha from
2
crude, natural gasoline used 3at refineries, and natural gasoline sold to jobbers, etc. (not shown separately).
Includes unfinished gasoline production (net); comparable figure for December 1952 is 95,097,000 bbl.
Excludes benzol, etc.; comparable figure for December 1952 is 20,769,000 bbl.
cfExcludes "special category" exports not shown separately for security reasons.
*Xew series. Prices are for bulk lots, f. o. b. refineries. Quotations prior to 1951 will be shown later.
{Revisions for January-March 1952 will be shown later.
fBcginning with the February 1953 SURVEY, data for rayon and special chemical grades of wood pulp produced by the bleached sulphate a, ad bleached sulphite processes have been combined
under the dissolving and special alpha grades. The sulphate and sulphite grades include both bleached and unbleached and represent paper grades only (except sulphate imports for which this
detail is not available). In 1949, production of dissolving and special alpha grades averaged 35,000 tons per month. Data beginning 1950 will be shown later.
SURVEY OF CUREENT BUSINESS
Auirust 1 !>•">?»
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-37
1952
June
July
August
September
1953
October
November
December
January
February
April
May
June
r 856, 539
853, 737
r 881, 274
' 868, 929
r
456, 663
877,000
849, 907
883, 000
881, 000
458, 450
857, 000
839, 925
851, 000
852, 000
455, 475
109, 000
45,815
117, 000
113, 000
115, 450
102, 000
45, 630
104, 000
304, 000
523, 000
303, 000
300, 000
154, 000
304, 000
520, 600
298, 000
299, 000
153, 500
March
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 .
Orders, unfilled, end of month
do
Production
_ do- _ _
Shipments
do
Stocks, end of month
.
do_ _
Fine paper:
Orders, new
_
do
Orders, unfilled, end of month
_ do._
Production
do
Shipments _ __ _
_ _ _ do__ _
Stocks, end of month
_
do
Printing paper:
Orders, new
do .
Orders, unfilled, end of month. _ ___ _ . do. _ _
Production
do
Shipments
_
.__
do_ _
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English finish, white, f. o. b. mill*__dol. per 1001b__
Coarse paper:
Orders, new
short tons..
Orders, unfilled, end of month . . . ..do __
Production
do
Shipments
__
.
do ...
Stocks, end of month
do
Newsprint:
Canada (incl. Newfoundland):
Production
. __ _ _ _ . _ . _ _ _ _ do
Shipments from mills
do
Stocks, at mills, end of month
_ .do._ United States:
Consumption by publishers
do
Production
do
Shipments from mills
_
_ . _do .
Stocks, end of month:
At mills
do
At publishers
_
_ do
In transit to publishers
_ ___ do_ _
Imports
do
Price, rolls, contract, delivered to principal
ports*
dol. per short ton__
Paperboard (National Paperboard Association):
Orders new
short tons
Orders, unfilled, end of month
do
Production, total
_ . _ _ _ . _.
do_ .
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surface area
Folding paper boxes, value:f
New orders
1947-49=100-Shipments
do
753, 235
729, 006
773, 003
769, 654
381, 065
715, 288
768, 806
674, 759
671, 174
384, 550
89,628
86, 000
100, 121
96, 843
81, 905
83, 848
88, 000
84, 195
81, 323
84, 750
276, 760
423, 000
278, 120
279, 095
139, 500
262, 177
450, 000
238, 014
232, 209
145, 300
557
902
723
208
465
807, 132
784 617
756, 433
749 664
427, 350
892, 616
817,556
851,888
861,102
418,101
759, 399
765 444
798, 316
800 447
420 669
824, 431
793, 397
800, 190
796, 778
424, 307
886, 474
817,728
874, 859
862, 142
437, 021
811, 295
820, 807
809, 914
803 669
439, 583
r
82, 938
57, 150
100, 213
98, 080
93, 850
91, 582
56, 738
100 268
93, 032
99 195
107, 357
52, 824
111,288
111,547
98, 903
92, 300
38, 408
98 393
96, 903
103 897
92, 205
37, 023
95, 799
93, 590
106, 106
104, 433
41,996
104, 212
99, 460
110, 858
100,915
' 114, 747
r
48, 125
108, 326
r
108, 867
r
109, 109
r
339, 405
528,013
307 094
306, 583
148 974
r
752,
726,
775,
768,
422,
258,
422,
267,
264,
140,
666
402
433
517
775
298
465,
256
255
141
820
435
921
785
915
313, 878
487, 440
293, 743
292, 239
143 419
248 823
458, 860
277 372
276, 1 52
144 548
315,082
486,018
284 647
287, 924
142 271
305 091
491,465
305 873
299 644
147 500
42, 247
99 778
96, 998
109 930
285 911
495,190
282 239
281, 305
148 463
r
r
r
922, 907
866, 131
882, 601
877, 582
444, 322
13.55
13.55
13.55
13.55
13.55
13.55
13. 55
13.55
13.55
237, 383
135, 000
250, 159
240, 210
95, 000
221, 930
143,000
216, 743
212, 740
99, 000
257, 062
155, 270
256, 307
251, 791
130, 250
259,
170
245
244
130
527
090
051
705
595
294,513
184,550
273 935
280, 050
124 480
263, 053
173, 218
267 705
274, 385
119 232
259, 890
175, 106
259 194
258, 302
120 ?60
291,690
180, 285
289 853
286 510
123 600
264, 708
266 787
266 678
123 705
296, 149
182, 329
293 058
292 135
124 628
451, 915
483, 791
141, 805
485, 539
483, 250
144, 094
486, 496
488 575
142,015
461,508
462 404
141 119
502, 791
486 159
157, 751
463 435
498 987
122, 199
463 377
463 064
122 512
473 640
467 627
128 525
439 167
408 610
159 082
379, 943
99, 080
98, 138
329, 729
94, 192
94, 933
341 571
97, 831
99, 008
379 669
92 301
90 645
425 981
97 144
97 789
416 974
89 842
90 429
386 627
86 659
83 007
351 775
93 ygg
93 908
9 568
476, 479
74, 592
459, 005
8,827
532, 297
75, 474
427, 945
7 (550
573, 502
86, 444
400, 541
9
582
77
422
306
?09
578
887
8 661
561 016
69, 364
432 597
8 074
527 525
97 206
407 300
11
530
81
452
556 022
89 767
391 816
122.00
125. 25
125. 25
119. 50
119. 50
850, 300
352, 900
832, 800
82
845, 800
444, 200
773, 700
71
122. 00
13.55
726
651
258
263
I} gQ7
125. 25
125. 25
917, 500 1 065 800 1 076 300 1 020 500 1 077 600
388, 400
453, 000
459 900
457 400
478 400
955, 600
955, 700 1,142,200 1,004 900 1,029 100
89
96
88
96
85
971 800
455 100
985 500
91
r
111,452
r
49, 815
r 112, 105
' 109, 760
«• 111, 450
294, 237
518, 735
305, 705
' 303, 514
r
151, 165
r
T
101,000
117,500
13.55
13.55
P 13. 71
278, 420
173, 820
287 331
286, 928
125 031
286, 000
168, 800
288 000
291 000
122 000
281, 000
164, 400
288, 000
285, 000
125, 000
484 276
441 512
20l' 846
480,316
498 889
183 273
480, 239
467 656
195 856
463, 193
486, 389
172, 660
346 035
82 892
83 208
420 956
91 911
94 505
408 874
88 194
89 004
429 562
92 405
91 168
381 186
90,727
89,640
11
555
93
377
291
508
2°5
700
8 697
518 985
85' 618
422 878
7
515
91
436
9
483
69
405
124
059
684
424
10 211
484 762
76,270
125. 25
125. 25
125. 25
125. 25
178,315
r
r
r
r
r
887
063
272
024
125. 25
968 700 1 156 300 1 101 800 1 040 100 1 152 100
567 000
459 800
567 500
539 000
437 300
973 800 1 072 900 1 071 200 1,073 400 1, 092, 000
95
95
95
96
93
5,654
5, 550
6 364
6 780
7 518
6 828
6 771
6 363
6 398
7 292
7 059
6 806
7 150
156.7
140.3
147.5
126.4
162. 0
145.3
163.0
158 0
174.1
170 8
146.8
141 6
147.4
147 4
160.7
148 0
154. 9
138 4
183.1
158 6
169.4
153 4
162.5
152 7
174.6
155 6
1,003
754
249
601
472
129
904
699
205
949
796
153
1 118
'930
188
1 263
1 034
229
893
709
184
814
629
185
1 031
1 031
' 805
8">2
701
151
1 359
1 069
993
815
178
47 766
Q7 730
63, 767
45 231
94 151
48 455
PRINTING
Book publication, total
New books
.
New editions
number of editions
do
do
811
220
226
290
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
Stocks, end of month
do
Imports, including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. per lb._
Chemical (synthetic):
Production..
.. _ long tons
Consumption
do
Stocks, end of month
do
Exports.. ^
_ ..
..
do
Reclaimed rubber:
Production
do
Consumption. _ _ ... __
_
do
Stocks, end of month .. _
do
36, 946
72, 995
67, 261
32, 760
84, 839
50, 468
32 941
84 657
67, 139
39 274
84* 190
51,465
45 110
82 801
55', 651
41 749
86 943
48, 776
44 790
95* 260
78, 192
50 707
98 627
56 785
49 375 r 45 889 p 48 189
108 *<92 r 113^ 532 p 112 929
60, 578
56, 126
r
.380
.315
.305
.275
.270
.290
.300
.295
.272
64, 040
66, 203
58, 992
58 642
152 373
1,499
59, 214
61 214
150 254
1, 921
58, 352
66 668
141 837
1 573
62 553
73 963
133 042
1 525
60 540
66 240
123 745
1 148
65 740
71 635
118 987
1 323
69 482
72 810
117 875
1 487
66 970
68 888
114 099
1 264
81 408
77 903
116 089
l' 713
82 952
77 221
122 041
l' 500
38, 973
16, 213
18, 354
36, 287
17 131
20, 548
32 224
21 732
23 131
31 430
27 405
26 830
31 463
22 684
2? 896
30 176
25 606
2d 300
3C? 664
9
6 784
25 356
31 244
24 373
24 098
30 631
27 699
27 334
30 280
28 714
95 483
31 263
thousands
do
do
do
do
do
do
7 357
8 999
2,616
6, 254
129
11,650
107
7 092
7 141
1,187
5 837
117
11,647
140
6 928
7 983
1.633
6 218
13?
10,637
159
7 387
8 044
2,827
$ 075
149
9, 963
154
8 635
7 888
3,200
4 574
' 114
10, 821
95
7 361
5 890
2, 665
3 069
86
12, 272
85
7 990
6 214
2,916
3 161
137
14,110
95
8 238
1 882
3,004
4 794
84
14,118
86
OQA
7 243
3,263
3 895
85
15,295
121
9 407
8 256
3,570
4 598
87
16, 456
96
do
... _do
do
do
5 555
6, 056
11 049
83
4 782
4, 499
11 223
134
4 860
5 389
5, 423
5,981
10 627 | 10 304
79
104
1
6 217
5,892
10 386
5 115
4, 573
10 910
60
5 642
4, 863
12 036
48
6 130
7,538
10 169
46
6 4^8
6,364
1 n *}fl8
49
7 470
6, 555
H 949
151,324
1,154
21,079
21,850
.260
* . 245
.250
.244
85 302
r 72 234
r 130 IQQ
2 299
r
r
2g 839
25 213
31 7^3
P §Q 227
P 71 738
p 143 952
25 268
P 24 540
P 32 902
p
TIRES AND TUBES
Pneumatic casings:^
Production
Shipments, total
Original equipment
Replacement equipment
Export. .
Stocks, end of month
Exports©..
Inner tubes:!
Production §_..
._
Shipments§
Stocks, end of month§
Exports .
_ _ _ _
r
8
fiQ
9R9
Q1 q
8 Qft7
8 Q49
3,798
5 001
11 5
16, 872
112
3,200
5 604
9
8
7 ^J.4
6,760
191^
on
Revised.
p Preliminary.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later
tRevised series, reflecting use of new base period; data prior to February 1952 will be shown later.
{Revisions for January-April 1952 are available upon request
©Excludes "special category" exports not shown separately for security reasons.
§ Includes data for motorcycles.
IOQ
16, 973
135
8
9
c>79
97Q
3,637
5 601
149
16, 259
Q4H
7 AQC
6, §86
6,907
6
19 f\Q9
Sfl
SURVEY OF CURRENT BUSINESS
S-38
August 195$
1953
1952
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
206, 348
178, 323
June
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
161, 544
157,412
160, 795
174, 449
182, 612
176, 845
164, 085
168. 910
184, 754
193, 830
20, 748
90
25, 067
18, 896
8,578
21, 342
90
25, 084
15,158
7,548
23, 573
99
25,915
12,819
6,262
23, 010
99
26, 240
9,584
5,352
24, 181
101
27, 222
6,546
4,360
22 048
95
19, 771
8,823
4,329
20 881
87
13 740
15, 957
5,385
18, 855
79
13, 520
21, 294
7,445
17, 325
80
14,155
24, 464
8,899
20, 215
84
20, 813
23, 865
9,706
r 519, 946
r 510, 553
r 548, 179
r 537, 039
r 541, 709
r 518, 443
444, 660
388, 269
391. 241
353, 088
377, 166
375, 051
447, 707
439, 031
27. 409
27. 409
27. 410
27. 577
27. 789
rr 130, 372 r 135, 639
113, 227
120, 650 ' 98, 404 94, 920
124, 673
106, 651
143,156
136, 741
142, 147
135, 874
139, 598
131, 359
Coated abrasive paper and cloth, shipments reams
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bbl
thous. of bbl
do
do
r
21, 802
94
20 891
24, 773
9,556
r
23 399
97
22 924
25, 247
9,215
22 698
97
26 400
21, 545
8, 669'
CLAY PRODUCTS
Brick, un glazed:
Production}:
thous. of standard brick
Shipments J
do
Price, wholesale, common, composite, f. o. b.
plant f
dol per thous
Clay sewer pipe, vitrified:}:
Production
short tons
Shipments
do
Structural tile, unglazedrt
Production
do
Shipments
do
1
27. 217
r
143,706
r 145, 985
27. 409
27. 409
132, 347
r 143, 049
r 136, 956
-• 147, 375
r
r 84, 537
' 89, 833 r 83, 574
' 80, 939 ' 84, 066 r 84, 802
' 541, 121 ' 557, 001 ' 479, 951
' 533, 658 T 557, 890 ' 446, 312
27. 409
27. 409
' 145, 352 r 151, 442
* 150, 773 r 160, 969
r
r
81, 071
80 295
r
r
r
r
27. 409
80, 975
85, 354
'r 71, 635
70, 638
10, 704
10, 119
8,837
8,253
r
r
485, 905
495, 613
499, 936
496, 994
' 27. 791 P 27. 838
77, 123
63, 923
81, 541
63, 050
73, 976
68, 020
79, 890
74, 735
80, 799
80, 474
78, 329
83. 583
8,250
7,889
9,293
8,602
9,000
8,510
10, 680
12, 170
10, 291
9,242
11, 002
10, 504
GLASS PRODUCTS
Glass containers:
Production
thous. of gross..
Shipments, domestic, total
_ _ d o ..
General -use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars) _ _thous. of gross. .
Beverage (returnable and nonreturnable)
thous. of gross. .
Beer bottles
._
.
_do
Liquor and wine
_
do
Medicinal and toilet
_
___do
Chemical, household and industrial
do
Dairy products
do
Stocks, end of month
_
do. .
Other glassware, machine-made:
Tumblers:
Production
thous of dozens
Shipments
do
Stocks
do
Table, kitchen, and householdware, shipments
thous of dozens
10, 080
9,607
10, 042
9,735
10, 700
11,126
10, 100
9,688
10, 850
10, 1991
915
892
1,186
1,464
1,220
722
653
862
825
1,293
1,006
1,284
923
2,706
2,733
3,210
2,736
2,818
2,200
2,109
2,485
2,403
3,266
2,308
2,909
2, 839'
1,123
1,198
852
1,860
739
214
10, 060
1,073
1,244
905
1,834
788
264
10, 107
783
1,257
1,120
2,313
928
327
9,449
476
768
1,035
2,111
772
327
9,594
666
570
1,380
2,298
859
307
9,854
312
530
1,387
2.096
742
264
10, 106
484
714
961
1,927
756
285
10, 167
385
535
911
2,356
808
260
10, 427
497
572
929
2,270
804
212
10, 677
828
883
1,418
3,071
1,102
308
8,970
1,033
967
906
1,869
925
229
9,741
1,149
1,111
1,040
1,984
816
210
9,909
1,313
1, 150'
997
1,883874
221
10, 261
4,831
5,491
8,349
4,966
5,245
8,023
5,833
5,181
8,628
3,816
4,050
8,389
5,696
6,012
8,035
5,191
4, 093
8,431
4,960
4,428
8,911
5,975
5,399
8,724
6,387
5,541
9,566
6,778
5,908
10, 230
6,029
5,886
10, 582
6,049
5,951
10, 705
2,908
2,945
3,354
3,308
4,374
3, 666
3,295
3,652
3,656
3,667
r
3, 549
3,533
14, 077
12, 862
28,532
13, 260
11,192
30, 608
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous of short tons
Production
do
Gypsum products sold or used, quarterly total:
Uncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
All thpr hnildinp' nlfl^tprs
Lath
Tile
Wallboardd71
do
thous of sq ft
do
do
P
734
2,067
1,720
1 218
2,164
1 846
716
2,033
1 723
444
1,863
1,718
559, 966
603, 095
610, 738
608, 516
494, 822
14, 045
143 059
589, 300
6,670
830, 644
61 426
533, 226
13, 337
165 283
645, 548
6,265
902, 174
58 438
424, 371
12, 125
161 130
570 922
6,507
935, 541
65 195
411,877
12, 963
168 692
579, 491
4,730
926, 229
66 339
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
... thous. of dozen pairs, Shipments
do
Stocks, end of month
do_ -
13, 132
12, 643
29, 774
11, 794
11,726
29, 843
13, 907
14,470
29, 279
14, 104
15, 184
28, 199
15, 687
16,819
27, 067
13, 987
15, 118
25, 935
13, 342
12, 949
26, 399
14, 360
13, 555
27, 204
13, 857
13, 724
27, 350
14, 304
14, 356
27, 291
13, 100
12, 328
31,390
COTTON
Cotton (exclusive of linters):
Production:
176
5,716
1,413
2 14, 951
10, 786
13, 420
14, 715
Ginnings§
thous. of running bales
13, 988
Crop estimate, equivalent 500-lb. bales
2 15, 136
thous. of bales
772, 176 3 905, 071 747 789
744, 383
736, 248 3 915, 593
Consumption^!
__.
__
bales_. 674, 773 3 697, 637
765, 778
759, 737
697, 984 3 893, 806
741, 929
Stocks in the United States, end of month,
15, 704
3,449
2,789
16, 667
13, 422
14, 503
•• 12, 294
' 9, 195
totalf--_
thous. of bales _ ' 11, 137 r 10, 195
' 8, 113
6,126
7,109
2,720
16, 600
15, 646
14, 452
' 12, 238 ' 11, 063 f 10, 117
f 9, 111
3,370
13, 371
' 8,r 019
Domestic cotton, total
._
d'o. .
6,029
7,011
13, 991
4,495
401
10, 720
220
6,550
r 2, 888
«-852
' 1, 393
713
415
On farms and in transit
do
«- 1, 926
601
1,795
1,502
1,783
3,977
6,644
7,437
6,366
7,779
7,442
5,491
4,005
Public storage and compresses
__do
6,906
4,691
999
814
949
1,439
1,186
1,571
1,892
1,258
1,695
1,819
1,609
Consuming establishments _
____do_ 1,817
1,719
51
84
69
51
79
66
58
55
74
94
78
97
Foreign cotton, total
do
97
r
3
3
Revised.
v Preliminary.
' Specification changed; earlier data not strictly comparable.
Total ginnings of 1952 crop.
Data cover a 5-week period.
{Revised data for January-May 1952 are as follows (units as above): Brick—production, 414,075; 399,959; 442,896; 493,479; 498,772; shipments, 358,402; 383,197; 417,008; 498,720; 485,758; pipeproduction, 134,323; 127,738; 140,084; 139,919; 128,232; shipments, 86,818; 97,478; 118,487; 140,114; 134,707; tile—production, 80,108; 76,353; 74,427; 80,878; 82,323; shipments, 68,798; 72,937; 66,959; 81,767
79,283. Revisions for January-July 1951 will be shown later.
fRevised series. Data beginning 1947 will be shown later.
cf Includes laminated board, reported as component board.
§Total ginnings to end of month indicated.
"fData for July and October 1952 and January and April 1953 cover 5-week periods and for other months, 4 weeks; stocks are for end of period covered.
NOTE FOR MILL MARGINS SERIES, p. S-39. The method of compiling average mill margins has been revised to incorporate new constructions, similar to those formerly usec
which are no longer being made in quantity, and to substitute "landed" raw cotton prices (Memphis territory growth) for the 10 spot market quotations. Revised data for August 1950 through
1951 will be shown later.
SURVEY OF CUREENT BUSINESS
August, 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-39
1953
1952
June
July
August
September
October
November
December
January
February
March
April
May
June
TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters)— Continued
Exports
. balesImports
-_
__.
___do____
Prices (farm), American upland
cents per lb__
Prices, wholesale, middling, ^e", average, 10
markets
___ __
cents per lb_.
Cotton linters :1
Consumption
thous. of bales
Production
___
._ do
Stocks, end of month
do
264, 418
4,367
38.0
48,116
6,865
37.0
106, 853
7,797
37.9
240, 501
10,909
39.1
296, 025
7,735
36.8
337, 208
12, 362
34.1
465, 966
33, 268
31.7
291 829
25, 322
29.8
259, 247
27, 055
30.2
246, 467
12, 495
31.5
208, 208
33, 122
31.5
260, 905
15. 938
31.7
31.5
40.4
39.4
39.4
38.9
36.7
34.8
33.1
32.5
32.9
33.2
33.0
33.4
33.2
99
46
r
560
180
136
532
95
46
528
88
168
578
i 108
i 256
706
109
233
837
114
211
901
i 111
i 207
1,047
110
174
1,079
137
152
1,097
131
83
1,063
123
66
1,050
2,264
54, 136
1,251
54, 291
2,532
63, 315
1,529
2,325
61, 830
3,976
70, 866
6,433
67, 119
3,271
2,539
58, 627
7,634
54 784
3,647
51, 858
2,773
48 627
6,295
55, 304
6,887
62, 207
6,311
22.88
40.7
16.8
16.5
25.39
40.7
17.4
17.0
26.83
40.7
18.4
17.5
29.72
40.7
19.3
17.8
32. 55
40.7
19.3
17.8
33.05
40.7
18.3
17.8
34.12
40.7
18.5
17.3
34 40
40.7
18.3
17.1
33 92
40.7
19 3
17.0
32 52
38.8
18 6
17.0
32 01
38.8
18.4
16.9
31 98
38.8
18.4
'17.3
32 82
*>38.2
•p 18.5
P18.0
.727
1.006
.733
1.022
.742
1.045
.767
1.080
.762
1.082
.745
1.075
.728
1.047
.709
1 018
.702
1 018
.692
1 014
.690
1 002
'.679
995
•P. 676
p 990
20, 770
19, 453
8,700
435
8,102
117. 3
21, 325
19,948
i 9, 112
380
i 8, 501
i 102. 2
21, 398
20,000
9,516
476
8,870
128.1
21, 432
20, 041
9,768
501
9,134
135.1
21,612
20, 215
i 12, 341
499
i 11,525
i 134. 8
21, 583
20, 180
9,870
506
9,219
137.0
21, 632
20 290
9,183
483
8,637
130 9
21, 680
20 314
i 12,282
501
i 11 521
i 135 7
21, 622
20 277
10, 179
518
9 561
140 2
21, 575
20 221
10, 251
513
9, 635
139 5
21,259
19 926
112,353
501
i 11, 608
i 136 7
21, 377
20 013
10, 133
507
9,489
138 6
21, 201
19 824
9, 938
497
9 330
136 1
75.2
27.2
83.1
26.9
84.7
28.0
81.0
26.7
75.0
24.1
73.6
26.8
71.2
25.1
78.8
15.2
3,902
65.1
15.9
3,995
57.7
15.0
5,960
54.9
15.5
5,010
58.4
17.8
3,872
59 1
15 9
3 687
64 4
17.4
3 691
64 0
18 8
5 503
62 9
16 4
6 260
61 2
16 4
10 892
22 9
11 201
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
366
.780
366
.780
366
.780
366
.780
366
1
128
' * 119
1,126
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterlycT mil. of linear yards
Exports
. _ thous. of sq. yd
Imports
- .
.
-__.do____
Prices, wholesale:
Mill margins f
cents per Ib
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, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:*
20/2, carded, weaving
dol. per l b _ _
36/2 combed, knitting
do
Spindle activity (cotton system spindles):!
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
r 2 611
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
mil.oflb
Staple (incl. tow)
__
___ do.__
Stocks, producers', end of month:
Filament yarn
do
Staple (incl. tow)
do
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point*
dol. p e r l b _ _
Staple, viscose, \\*i denier
do
Rayon and acetate broad-woven goods, production,
quarterly cf
-- thous. of linear yards.
406, 372
460, 958
r
r
76 7
24 1
'70 9
18 5
r
499, 331
r
80
r
9
21 9
r
78
r
3
24. 0
r 60 9
r
81 5
26 6
80 2'
27 2
r 57 q
26 1
6 069
56 9
29 7
.780
r 336
p. 780
•P 336
r
r
501 072
SILK
Silk, raw:
Imports
thous oflb
Price, wholesale, white, Japanese, 20/22 denier,
87% (A A), f. o. b. warehouse 9
dol. perlb._
1,275
967
893
1,363
1,071
716
1 032
901
585
640
573
666
4.95
5.23
5.43
5.43
5.47
5.43
5.45
5.55
5.56
5.53
5.05
5.12
r 26, 900
12, 116
29, 686
15, 366
i 34, 360
i 13 690
40, 894
21, 342
29, 564
12 656
28 487
18, 443
30, 000
12 812
31 569
17, 254
«• i 36, 490
i 14 320
29 791
19, 489
31, 540
9 736
25 093
U, 956
1.725
1.225
1.725
1 225
1.725
1.225
1.725
1.225
1.722
1. 185
1.737
1.201
1.752
1. 194
1 625
2 i (J75
2 i 725
2 i 725
2 i 750
2 1 775
2 i 775
* 5. 21
WOOL
Consumption, mill (clean basis):!
Apparel class
thous. o f l b _ _ ' 3 27, 116
r 3 5, 612
Carpet class
_.
do
24, 825
Imports, clean content A
_
_
___ do _
17, 762
Apparel class (dutiable), clean content*. _ _ .do
Prices, wholesale, raw, Boston:
2 1. 600
Territory, 64s, 70s, 80s, clean basis
dol. per l b _ _
1.105
Bright fleece, 56s-58s, clean basis
dol. per lb__
Australian, 64s, 70s, good topmaking, clean basis,
2 1. 425
in bond
dol per Ib
WOOL
T
' 30, 484 ' 31, 136 ' i 38, 280 r 28, 480
* 31, 675
r 10, 920 ' 1 13, 240
' i 6, 445 r 9, 220
r 11, 296
31,013
28, 118
64, 994
26, 979
20, 316
21, 900
18, 936
17, 786
48, 714
10, 051
1.627
1.122
2 1. 660
1.144
2 1. 596
1.120
1.425
2 1. 425
2
1. 425
1.665
1.168
2
2
1.535
r
2 1. 748
1.199
2 -^
775
MANUFACTURES
Machinery activity (weekly average) :!
Looms:©
Woolen and worsted:
145
130
Pile and Jacquard thous. of active hours..
1,743
1,528
Broad - _.
_„__
do
20
19
Narrow
do
Carpet and rug:
73
56
Broad
.. . _.
do
40
27
Narrow
do
Spinning spindles:
69, 696
61, 138
Woolen
_ _ _ _ _._ _.
, do-_.
78, 524
68, 504
Worsted©
do
131
Worsted combs
_ _ _______
. do 120
Woolen and worsted yarn:
3
Production, total!©
thous. of Ib. _ 'r 51, 004 'ri 55, 810
3 6, 844
i 7, 890
Knitting^
do
Weaving, except carpet!-..
do. _ . «• T3337, 608 >• ri 40, 935
6, 552
Carpet and other! __ _ _ _
. _ do__
i 6, 985
Price, wholesale, worsted knitting yarn, 2/20s2.128
2.146
50s/56s, Bradford system
dol. p e r l b _ _
r
163
1,727
20
166
1,811
19
169
1,893
18
165
1,880
18
159
1 935
17
160
1 867
18
169
1 932
17
155
142
1 875
r 1 gll
Ifi
16
133
1 864
15
113
46
134
52
138
54
139
52
144
56
138
47
163
54
164
56
144
51
130
51
73, 806
83, 377
149
75, 293
86, 475
155
74, 918
86, 856
154
74, 495
83 067
141
71 199
81 630
146
69 128
81 597
147
74 241
91 448
160
73 319
92 363
r QS 683
r 83 040
r 150
73 59Q
87 600
158
r
57, 792
r 7 212
37, 280
r
13, 300
r 55, 312
f 35, 492
r
13 936
i 64, 560
i 6 970
i 42, 175
i 15 415
57, 148
6 488
36 320
14 340
57
7
36
14
940 r i 69 235
1
n6
9 185
576 r i 43 065
248 r 1 16 985
57 464
r
56, 788
r
8, 428
' 38, 140
r
10, 220
' 59, 492 p i 74, 165
r
T
! 9 550
S 048
' 38, 940 r i 48, 815
' 12, 504 * 1 15, 800
r 5 8S4
152
7 708
37 992
11 764
2.134
2.164
2.122
2.122
2.122
2.122
2.110
2.122
2.134
2.146
P 2. 171
3
' Revised.
*> Preliminary.
i Data cover a 5-week period.
2 Nominal price.
For January-May revisions see bottom p. S-40.
fRevised series. See note at bottom of p. S-38.
!Data
for July and October 1952 and January and April 1953 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered
c?1 Beginning 1951, production of broad-woven goods is classified according to principal fiber content; production of fabrics containing 25.0-49.9 percent wool and rayon and cotton fabriics pro-
9 Substituted series. Data beginning January 1950 will be shown later.
©Beginning 1951, looms weaving fabrics principally wool by weight.
Almports of unmanufactured wool converted to a clean-content basis; imports were formerly shown in actual weight, i. e., in the condition receiv
©See note in August 1951 SURVEY regarding coverage of operations in cotton mills beginning with January 1951 data.
i yarn and sheeting) will be shown
rior to April 1952 will be shown later.
SURVEY OF CURRENT BUSINESS
S-40
August 1053
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June
August
July
1953
September
October
November
December
January
February
March
April
May
j
June
TEXTILE PRODUCTS— Continued
WOOL MANUFACTURES— Continued
Woolen and worsted woven goods, except woven
felts :t
Production, quarterly, total
thous. of lin. yd
Apparel fabrics, total
_„
_
do _ _
Government orders
do
Other than Government orders, total do
Men's and boys'
____
do
Women's and children's
do
Nonapparel fabrics total
do
Blanketing
__.„__
.__<_<>__....
Other nonapparel fabrics
do _ _
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz./yd.,57"/60"*- 1947-49=100.Gabardine, 10^-12^ oz./yd., 56"/58"*
do
T
r 5, 210
r 5, 424
117.8
107.5
r
r
*r 87, 933
78, 903
r
14, 064
' 64, 839
'26,612
r
38, 227
r
9 030
rr 4, 962
4, 068
81, 455
' 70, 821
16, 578
' 54, 243
' 27, 289
«• 26, 954
' 10, 634
r
115.8
107. 5
115.8
107.5
95, 779
83, 506
9 923
T
73, 583
«•r 30, 712
42, 871
T
12, 273
'r 7, 200
5, 073
85 487
72,533
8 153
64, 380
32,960
31,420
12, 954
7,129
5,825
r
111.3
107.2
111.3
107.2
111.3
107.2
112.5
103.9
. ...
112.5
104.7
113.9
104.7
113.9
105.3
113.9
105.8
113.9
105.3
402
112
417
119
113.9
105.3
TRANSPORTATION EQUIPMENT
AIRCRAFT
number _
do
335
111
353
67
349
76
337
57
293
96
268
84
254
97
365
107
382
82
358
81
_ _ _ _ _ _ _ number. _
do
.
do
do
do _ _
_____ _
_do.__
do
518, 710
484
382
407, 962
392, 471
110, 264
94, 962
211, 782
224
220
168, 327
161, 862
43, 231
36, 231
270, 982
349
271
218, 577
211, 140
52, 056
45, 204
551,159
387
330
438, 397
425, 266
112,375
99, 375
604, 261
389
260
471,808
459, 958
132, 064
116, 449
519, 536
319
244
405, 111
394, 313
114, 106
102. 504
535, 027
231
189
418, 982
406, 156
115,814
103, 648
565, 172
254
218
453, 319
435, 129
111,599
97, 879
583,001
190
189
486, 071
467, 440
96, 740
86, 212
700, 685
236
189
566, 320
545, 961
134, 129
122, 043
do
do
do
28, 670
13, 468
15, 202
22, 784
10, 813
11, 971
14, 049
7,026
7,023
20, 073
10. 564
9,509
22, 005
9,410
12, 595
22, 047
9,015
13, 032
21, 054
9,455
11,599
27, 121
14,136
12, 985
27, 938
15, 941
11, 997
27,257
15,372
11, 885
28,675
16,704
11, 971
28,511
16, 455
12, 056
do
do
do
do
do
4,029
3,681
1,219
2,462
292
3,673
3,369
1,281
2,088
263
4,471
4,108
1,897
2,211
230
4.887
4,552
2, 2SO
2,272
242
5, 465
5,149
2,708
2.441
260
4,908
4,610
2,464
2,146
250
5,392
5,033
2,560
2,473
248
5,858
5,318
2,588
2,730
223
6,009
5,353
2,586
2,767
286
6,740
6,327
2,823
3,504
311
8,850
8,452
2,990
5,462
334
* 9, 781
' 9, 414
3,166
' 6, 248
••327
do . _ 423, 655
71, 471
do
340, 454
72, 134
215, 668
57, 786
318, 870
65, 381
383, 385
77, 486
360, 236
70, 431
399, 906
69, 949
386, 221
72, 606
396, 558
68, 616
486, 368
79, 672
528, 278
91, 127
540, 575
86, 366
542, 193
77, 199
6,539
4,976
4,848
1,563
13
13
13
0
5,658
4,116
3,860
1,542
8
8
8
0
4,674
2,990
2,853
1,684
5
5
5
0
3,935
2,052
1,879
1,883
13
13
13
0
5, 592
3,103
2, 963
" 2, 489
11
11
11
0
6,098
4,201
4,032
1,897
11
11
11
0
7,968
5,893
5,769
2,075
20
20
20
0
8,103
6,094
5,972
2,009
15
16
15
0
7,789
6,072
6,063
1,717
17
17
17
0
6,725
4,958
4,952
1,767
39
39
39
0
6,870
4,768
4,737
2,102
37
37
37
0
6,969
4,312
3,958
2,657
27
27
27
0
6,918
4,014
3,559
2,904
26
26
26
0
1,764
1,763
1,759
1,757
1,755
1,756
1,757
1,759
1,762
1,764
1,765
1,767
1,767
101
5.7
77, 984
46, 409
31,575
107
6.1
76, 870
45, 094
31, 776
102
5.8
75, 684
43, 144
32, 540
98
5.6
73, 609
42, 171
31, 438
89
5. 1
74, 728
41, 381
33, 347
90
5.2
72, 400
40, 355
32, 045
88
50
67, 138
35, 803
31. 335
88
5.0
66, 368
36, 550
29, 818
89
5.1
63, 711
34, 891
28, 820
89
50
59, 354
32, 732
26, 022
88
50
54, 333
30, 141
24, 192
89
5 0
50, 717
29, 351
21, 366
91
5 2
45, 804
26, 880
18, 924
2,170
12.0
2.131
12.0
2,217
12.7
2,125
12.5
2.015
12.1
1,939
11.9
1,890
11.9
1,851
12.0
1,835
12.1
1,784
12. 1
1,656
11.5
1,547
11.1
1,437
10.6
1,368
26
1,434
25
1,169
23
1,006
21
1,011
19
894
17
943
15
948
14
1,057
12
843
10
861
8
675
56. 4
6
58
54
52
43
49
45
51
38
40
47
40
45
648
554
94
394
369
25
564
528
36
516
488
28
588
549
39
622
585
37
741
674
67
704
669
35
779
743
36
832
794
38
732
690
42
677
640
37
Civil aircraft, shipments
Exports t
MOTOR VEHICLES
Factory sales, total
Coaches total
Domestic
Passenger cars total
Domestic
Trucks, total
Domestic
-
Exports total t
Passenger carsj
Trucks and busses t
Truck trailers production, totalcf
Complete trailers
- - - Vans
All other
Trailer chassis
Registrations:
New passenger cars
New commercial cars
--
f
723, 532 ' 643, 487 661, 992
380
145
367
359
141
339
587, 549
549, 677
596, 633
531, 544
570, 826
577,
971
r
126, 754 ' 93, 443 74. 063
f
114, 787 ' 82, 433 66, 063
9,708
9,309
2,778
6,531
357
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:
Diesel -electric and electric locomotives, total
number of power units . .
Steam locomotives, total
number.
Exports of locomotives, total- .
-do _ .
r
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments total
Domestic
Export
_.
_
--
-.
number
-do _.
..do ..
945
902
43
r
Revised.
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 by weight (i. e., exclude
fabrics containing 25-49.9 percent wool previously included). Revised data for 1st qtr. 1952 are as follows (units as above): Total production, 86,192; apparel fabrics—total, 74,721; Government
orders, 23,093; other total, 51,628; men's, etc., 24,121; women's, etc., 27,507; nonapparel fabrics—total, 11,471; blanketing, 6,962; other, 4,509.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics.
More complete specifications are: Flannel suiting—men's and boys', woolen, stock dyed, fine and medium
grade; worsted suitino—women's and children's gabardine. Monthly data beginning 1947 will be shown later.
JData through December 1950 for aircraft and December 1951 for trucks and busses exclude military-type exports not shown separately for security reasons; thereafter the figures including
those for passenger cars, exclude all military-type exports.
cf Total includes production of converter dollies not included in the detail; prior to January 1952, production of these types was included in the "all other" and "total complete trailers"
categories.
§Not including railroad-owned private refrigerator cars.
NOTE FOR WOOL SERIES, P. S-39. Revised data for January-May 1952 are as follows (thous. of lb.): Consumption— Apparel, 29,520; 24,872; 23,884: 29,380; 25,108; carpet, 11.305; 10,052;
9,540; 11,325; 8,132; yarn—total, 61,495; 54,572; 51,656; 60,630; 51,648; knitting, 6,235: 6,324; 5,452; 6,835; 6,252; weaving, 42,480; 36,476; 34,480; 40,595; 34,692; carpet, 12,780; 11,772; 11,724;
13,200; 10,704.
U. S , G O V E R N M E N T P R I N T I N G O F F i C E : 1953
"INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
___,
38
Acids
24
Advertising
7, 8
Agricultural employment
10
Agricultural loans and foreign trade
15, 21, 22
Aircraft
.
11,12,13,14,40
Airline operations.
22
Alcohol, denatured and ethyl
_
24
Alcoholic beverages
2, 6,8, 27
Aluminum
33
Animal fats, greases, and oils
25
Anthracite
2, 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, 16,18, 21
Balance of payments
,__
20
Banking
15, 16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2, 3, 4, 6, 8, 11, 12, 14, 27
Bituminous coal
2, 11,13, 14, 15,34,35
Blest furnaces, steel works, etc
11,12, 13,14
Blovv'ers and fans
34
Boilers
______
33,34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass
.
33
Brick
38
Brokers' loans and balances
16,19
Building costs
7
Building and construction materials_,
7,8,9
Business sales and inventories
3
Businesses operating and business turn-over __
4
Butter
„
27
Cans (metal), closures, crowns
____
33
Carloadings
.
22, 23
Cattle and calves
29
Cement and concrete products
„__ 2, 6, 38
Cereals and bakery products
5, 11, 12,14
Chain-store sales (11 stores and over only)
9
Cheese____
27
Chemicals
2,3,4,5, 12, 14, 15, 18, 21,24
Cigars and cigarettes
6, 30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc.)
2, 6, 38
Clothing (see also Apparel)
5,38
Coal
2, 11, 13, 14, 15, 21, 22, 23, 34, 35
Cocoa
22,29
Coffee
22, 29
Coke
2,22,23,35
Commercial and industrial failures
4
Communications
11, 13,14, 15, 18, 19, 20, 23
Confectionery, sales
___
29
Construction:
Contracts awarded
6
Costs
7
Dwelling units
7
Employment, earnings, hours, wage rates __
11,
12, 13, 14, 15
Highway___
6, 7, 12
New construction, dollar value _.
6
Consumer credit
,__
16
Consumer expenditures
1,8
Consumer price index
,5
Copper
22,33
Copra and coconut oil.
25
Corn
----- 19» 28
Cost-of-living index (see Consumer price
index)
5
Cotton, raw and manufactures
2. 5, 6, 21, 38, 39
Cottonseed, cake and meal, oil
25
Credit, short-and intermediate-term
16
Crops
2,5,25,27,28,30,38
Currency in circulation
18
Dairy products
2, 5, 11, 12, 14, 27
Debits, bank
15
Debt, United States Government
17
Department stores
8, 9, 10, 16
Deposits, bank
15, 16, IS
Disputes, industrial
13
Distilled spirits
.
27
Dividend payments and rates
1, 18, 20
Drug-store sales
8, 9
Dwelling units
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, 7,11,12,13,14,21,34
Employment estimates arid indexes
10, 11, 12
Employment Service activities
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government_.__
16
Explosives
„__
25
Exports (see also individual commodities)
20, 21
Express operations
,
22
Failures, industrial and commercial
4
Farm income, marketings, and prices
2, 5
Farm wages
15
Fats and oils, greases
5, 25, 26
Federal Government finance
16,17
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
16
Fertilizers
Fiber products
Fire losses
Fish oils and
Flaxseed
Flooring
Flour, wheat
_
fish
5, 24
.
34
7
25, 29
25
31,32
28
Pages marked S
Food products
2,
3, 4, 5, 7, 8, 9, 11, 12, 14, 18, 27, 28, 29, 30
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
22, 23
Freight cars (equipment)
,___
_.
40
Freight-car surplus and shortage
23
Fruits and vegetables
2, 5, 21, 27
Fuel o i l _ _ _ _ _ — _ _ _ _
_ _ _ _ _ — -_„
__
35
Fuels
_ _ _ _ _ _ _ 2,5,34,35
Furs
___„_
22
Furnaces
,
34
Furniture,
2,3,5,8,9, 11, 12, 13, 14, 16
Gas, prices, customers, sales, revenues
, _ _ _ 5, 26
Gasoline.
2,7,8,9,36
Glass products (see also Stone, clay, etc.)
. 2, 38
Generators and motors
,___„
34
Glycerin
.
„___
24
Gold___
____________
18
Grains and products
5, 19, 21, 22, 23, 28
Grocery stores
_,—___________
8, 9
Gross national product.,.
1
Gypsum and products___
6, 38
Heating apparatus
6,11, 12,13,14,33,34
Hides and skins
__ 5,22,30
Highways and roads___6, 7, 12,15
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
Household appliances and radios.
. ,_ 5, 8, 9, 34
Immigration and emigration
23
Imports (see also individual commodities)- 20, 21, 22
Income, personal
___
1
Income-tax receipts
.
,__
16
Incorporations, business, new
4
Industrial production indexes
.
2, 3
Instalment credit
_ . _ _ 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, 4, 9, 10
Iron and steel, crude and manufactures
2,
6,21,32,33
8,9
.____
35
13
10
29
29
Lead
33
Leather and products..._- 2, 3, 4, 5, 12, 14,15, 30, 31
Linseed oil - _ _
,
__.
25
Jewelry stores, sales, inventories
Kerosene
..
Labor disputes, turn-over.
Labor force
Lamb and mutton
Lard
_
.
Livestock
2, 5, 22, 23,29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer c r e d i t ) . _ _ _ _ _ _ 7, 15,16, 17, 19
40
Locomotives
.
,_
Looms, woolen, activity—____
_______
39
Lubricants
.
_.
__
35
2,
Lumber and products
___
3,5,8,9,11,12, 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 ______ .________.____ _ 8, 9, 10
Manufacturers' sales, inventories, orders _ _ _ _ _
3,4
Manufacturing production indexes _____ _ _ _ _ _
2,3
Manufacturing production workers, employment, payrolls, hours, w a g e s _ _ _ _ _ 11, 12, 13, 14, 15
Meats and meat packing _________ 2, 5, 11, 12, 14, 29
Medical and personal care______________________5
Metals- — ._____2,3,4, 6, 11, 12, 13,14, 15, 18,32,33
Methanol____________________._____' _ _____. . _
24
Milk_ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ ._ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ 2 7
Minerals and mining _______ __• 2,3, 11, 13, 14, 15, 20
Monetary statistics____________._ ___ _. ----- .__
18
Money orders ________ ___ _________ ___ ...___.. ___ 8
Money supply ______________________________ 18
Mortgage loans __________ _ _ _ ____ ____ _ 7, 15, 16, 17
Motor fuel____________________ _ _ _ _ _ ______ 36
Motor vehicles_______________________ 3, 5,8, 9, 40
Motors, electrical ________________________ _
34
National income and product. . ----------- , _ _ _
1
National parks, visitors________ _ _ , __________ 23
Newspaper advertising..___________._______._
8
Newsprint_______„ _______________ _ _ _ _ _ ____ 22,37
New York Stock Exchange, selected data.____ 19, 20
Nonferrous metals _________ 2, 6, 11, 12, 13, 14, 22, 33
Noninstalment credit ...... __
.......
----------16
Oats____________________________. ________ 28
Oil burners _____ ...... _________ _ ___ _______ 34
Oils and fats, greases --------- ---------- _ 5,25, 26
Oleomargarine _____ . ___________ . ____________ 26
Operating businesses and business turn-over. _
4
Orders, new and unfilled, manufacturers'
----4
Paint and paint materials _______________ _ _ _ 5, 26
Panama Canal traffic. — - __________________ 23
Paper and pulp ____ 2, 3, 4, 6, 11, 12, 14, 15, 22, 36, 37
Paper and products ____ 2, 3,4, 6, 11, 12, 14, 15, 36, 37
Passports issued ___ _______________________ 23
Payrolls, indexes ___ ........ _______________ 12
Personal consumption expenditures __________ 1,8
Personal income _________________________ , _
1
Pages marked S
Personal saving and disposable income
1
Petroleum and products
2,
3, 4, 5, 11, 12, 13, 14,15, 21, 22, 35, 36
Pig iron
32
Plant and equipment expenditures
.
1
Plastics and resin materials
26
Plywood
31
Population
,
10
Pork
. 29
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumer price index
5
Received and paid by farmers
5
Retail price indexes
,
5
Wholesale price indexes
5,6
Printing and publishing
2,3,4, 11, 12, 14, 15,37
Profits, corporation
1, 18
Public utilities-. 1, 6, 11, 13, 14, 15, 17,18, 19, 20, 26
Pullman Company
,_
,___
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radio and television
5, 7,34
Railroads, employment, wages, financial statistics, operations, equipment
11,
12,13, 14, 15, 17, 18, 19, 20, 22, 23, 40
Railways (local) and bus lines
,__ 11, 13, 14, 15
Rayon and rayon manufactures
, __
2,39
Real estate...
7,16,17,19
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Recreation
,
5
Refrigerators, electrical
,_
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores.
3, 4, 8, 9, 10,11, 13, 14, 15
Rice
28
Roofing and siding, asphalt.
36
Rosin and turpentine
,
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
6, 22,37
Rubber products industry, production index,
sales, inventories, employment, payrolls,
hours, earnings2,3,4, 12,14, 15
Rural sales
10
Rye
28
Saving, personal
.
1
Savings deposits
16
Securities issued.
18, 19
Services
4,5,8,11,13,14,15
Sewer pipe, clay
38
Sheep and lambs
.
.
29
Ship and boat building
. 11, 12, 13, 14
Shoes and other footwear
„ _ _ 2, 8, 9, 12, 14, 15, 31
Shortening
....
26
Silk, imports, prices
.
6, 39
Silver
18
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 Inventories)
10
Stocks, dividends, listings, prices, sales, yields.
20
Stokers, mechanical
34
Stone, clay, and glass products
2,
3, 11, 12, 13, 14,33
Stoves.
„
34
Sugar
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
,_
24
Tea30
Telephone, telegraph, cable, and radio-telegraph carriers
U, 13, 14, 15, 18, 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, 6,8, 11, 12, 14, 15, 21,30
Tools, machine
34
Trade, retail and wholesale. 3, 4, 8, 9, 10, 11, 13, 14, 15
Transit lines, local
22
Transportation, commodity and passenger. _ 5, 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 compensation
10, 13
United States Government bonds.
16, 17, 18, 19
United States Government
finance
16,17
Utilities
1, 5, 6, 11, 13, 14, 15,17, 18, 19, 20, 26
Vacuum cleaners
34
Variety stores
8,9
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
3,4,10,11,13,14,15
Wood pulp
-_---_
36
Wool and wool manufactures
„_ 2, 6, 22, 39, 40
Zinc___
__-_
_
33
UNITED STATES
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DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D. C.
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[\A Regional
Market Guide
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.
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 in the United States Economy is now available from the nearest
Departmenf of Commerce field office or from the Superintendent of Documents, U. S. Government
Printing Office, Washington 25, D. C. • Price SI.
OFFICE OF BUSINESS-ECONOMICS
UNITED STATES DEPARTMENT OF COMMERCE
MINOR CIVIL DIVISION MAPS of 1950
show for each State the counties, the
fov Plotting
Small Area Statistics
0 Engle;
Phillipsburgj wood
Clayton K
miner civil divisions (townships, districts,
precincts, etc.), the incorporated
places/ and selected unincorporated
places. Each mop contains a "county
Lebanon
QJACKSON
Germantown
|
o
GERMAN
West Carrollton Bellbrool
nterviil
o
O
SUGAR
WASH- .
INGTON j CREEK/"
SHEET SIZE-36x48 inches.
Each State printed on one sheet except the following:
Mass., Conn., and R.I. on one sheet; Vt. and N.H., one sheet;
Md. and Del., one sheet.
UNITED STATES DEPARTMENT OF COMMERCE B U R E A U OF THE CENSUS
http://fraser.stlouisfed.org/
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Bank available
of St. Louisfrom the Suoerintendent of Documents. U.S. Government Printiner Office. Washington 25. D.C.—Price 20 cents per sheet.
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