Full text of Survey of Current Business : August 1954
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AUGUST
rar
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1954
OF C U R R E N T
• D E P A K T M / E C V r OF CQM'M.-EKCIK
FIELD/SERVICE
•
-
Altvu-qwwitje, N. Max..
No. 8
204 S. 10th St.
AUGUST 1951
1031 S. Rn>*d«r«?
Atlanta 5,-Ga.
50 Sfcveatij £t. N18,
Boutin *>, Maw.
'
U. S. Post Offic» *ai4
Cowrtlionac Bldg,
229 Fed-e
Miami 32, FU.
36 3NE. Fu-f
Mitmeapoli^ 2, Mia
Buffalo 3. N. Y.
N*w Orbans 12. La.
PAGE
THE BUSINESS SITUATION . . . . . . . . . .
1
607 Marc
o« 4, S. C.
,
ant Jasper
385 St. Charlea A<
N«w York 13, W. Y.
National Income and Product . * .
A Review of the Second Quarter . . . . .
Foreign Countries Get $2.5 Billion
from U. S. Military Outlays . . " . . • . . - . - . -
2
HS Wyo.
307 Federal Oflie* BM«,
ia I, Pa.
Chicago 1, 111,
226 W. Jacks**) BUkC
7
Gmcirmati 2, Ohio
422 U. S, Post Ofl6i*9
*
*
elajkL 11, Ohio
1100 Ch#at«r A\Y«,
SPECIAL ARTICLES
as 2, Tex.
Farm Income
and Gross National Product * .
1015 Chcxttnu
Pisoenix, Am^
137 N, Sw^d
Pitt«bur«h 22, l'^.
107 SJist
*
State Income Payments in 1953 . . . . . . .
346 Broad«r
9
iUno, Nar,
1 1 14 CIJ^HBUNW -5t.
Dearer 2, Colo,
IS
Portland 4, Ort»#.
520 SW. Miwis.
142 New Custom
Detroit 2-6, Mi A,
2SO W, F.
Richmond., V*.
400£a>*i MamST-.,
St. Loui» 1. M,».
1114 Market ••*(:.
Salt Lake City I, Uta!r
109 W. Second 5 1. So..
MONTHLY BUSINESS STATISTICS , . S-l to SHW
Statistical Index , . , . . , . Inside back cover
'Ston, I'ex.
430 Lanwr^t.
S-a« l''r<uiei*xj 11, CflSff
555 Eatery 3fi.
^roriiie 1, Fla.
311 W. Mowro(&Si.
*«•* Qty 6, Mo.
911 Watomi St.
Published by the U. S, Department of Commerce, S I N C L A I R W E E K S ,
Secretary. Office of Business Economics, M. JOSEPH M E E H A W ,
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909 Fi
for /<?>c«/ telephone liMing, con-suit section
ilrwfted fa» V, S. Gw-ernmeni
AUGUST 1954
By the Office of Business Economics
C
Personal Income
BILLIONS OF DOLLARS
260
Disposable
250
has been main-
personal income
DISPOSABLE INCOME
I
240
I
I
I
I
I
tained in the
I
140
past year . . .
as payroll
NONMANUFACTURING PAYROLLS
declines
-o—o-
130
centering in
manufacturing . .
120
80
MANUFACTURING
PAYROLLS
70
60
ly
I
»
60
have been more
PROPRIETORS' AND
RENTAL INCOME
than offset by
50
increases in
other types of
OMPREHENSIVE measures of production and sales have
been generally stable since early spring, when the moderate
downswing of the fall and winter was checked. Variations
in trend remain common among individual industries.
Liquidation of business inventories, largely in the durable
goods areas, continues to exert a dampening influence but
the pressure from this source has not been intensified.
No substantial change from the spring business pattern
was apparent in the early summer. July sales at retail
stores approximated the average rate of the second quarter,
on a seasonally adjusted basis. Automobiles delivered to
consumers dipped from their exceptionally high June volume but other lines showed little change in the aggregate.
Industrial production was also at about the average second
quarter rate in July, after allowance for usual seasonal
changes.
Employment in nonagricultural establishments continued
to drift downward through July, according to the seasonally
adjusted series of the Federal Reserve Board. Shrinkage
in manufacturing employment again accounted for the reduction. Average working hours in manufacturing, however,
have been lengthening slightly in recent months after allowance
for usual seasonal fluctuations. Hence, there has been little
change in aggregate man-hour input, and payrolls in private
industry have stabilized along with production. With the
earlier payroll contraction approximately offset by higher
property arid transfer incomes, the total personal income
flow has been approximately as large as last year.
The general tendency of business to follow seasonal
patterns is clear from the analysis and detailed figures on
the recent flow^ of national output and income which is
presented in the following section of this month's review.
income . . .
40
Industrial prices steady
30
DIWDENDS AND 'NTEREST
20
TRANSFER PAYMENTS AND
OTHER LABOR INCOME
10
40
PERSONAL TAX
^ PAYMENTS
and by the
reduction in
income taxes
301
1953
1954
QUARTERLY TOTALS, SEASONALLY
ADJUSTED, AT ANNUAL RATES
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
Digitized809117°—54for FRASER
1
54-29-t
Wholesale prices of nonagricultural materials and products
held firm in July as higher wage rates in some industries
exerted upward pressure which was counteracted by idle
plant capacity and continuing keen competition. Farm
products, having dropped appreciably in June in response to the
outlook for ample supplies, have subsequently moved within
a narrow range. A slight rise in consumer prices in June
was entirely due to foods, especially seasonally strong fruits
and vegetables.
Private residential construction activity, seasonally adjusted, has moved consistently upward in the first 7 months
of this year, and in July exceeded the same 1953 month by
10 percent.
Recent applications for Government guaranteed and
insured housing loans are running far ahead of last year
SURVEY OF CURRENT BUSINESS
and will tend to support high rates of homebuilding activity
in the near-term. The stepped-up rate of FHA activity will
receive further impetus from recent housing legislation.
New housing legislation
The FHA may now insure mortgages on new houses equal
to 95 percent of the first $9,000 of value and 75 percent of the
additional value, subject to a mortgage maximum of $20,000
for one- and two-family units. Previously, the general rule
permitted mortgage-value ratios of 95 percent up to $7,000,
and 70 percent of the additional value from $7,000 to $ 11,000.
For housing valued in excess of $11,000, the maximum mortgage was 80 percent with a ceiling of $16,000. Thus, for a
new $15,000 house the maximum loan-value ratio is currently
87 percent as against a maximum of 80 percent under the
previous legislation—a reduction in down/payment of more
than $1,000.
The FHA is also given authority under the new legislation
to insure mortgages up to 30 years for new houses. Previously the limit had been 25 years except for very low-priced
housing. At a 4% percent interest rate, interest and principal
(excluding the one-half percent mortgage insurance premium)
on a level-payment basis would be $5.07 per $1,000 per month
for 30 years as against $5.56 for a 25-year loan.
The mortgage-ceiling increase on one- and two-family
houses from $16,000 to $20,000 is the first ceiling increase foV
such houses since the original housing legislation was passed
in the thirties; other increases are provided for three- and
four-f amily homes.
As compared with previous statutory provisions, financing
of existing sales housing is liberalized even more than the
new—though new house terms are still more advantageous.
In the case of rental housing, financing of larger apartment
units is liberalized by the removal of the $10,000 per family
unit mortgage ceiling.
Under a new provision servicemen are given special benefits
under FHA insurance without losing any benefits they may
become entitled to as veterans under the GI Bill. Provisions are generally more liberal than those applicable to
ordinary sales housing: 95 percent loans with a mortgage
ceiling of $17,100 are now permitted. The new law also
permits FHA-insurance in connection with "open end''
mortgages, through which home repair or improvement
expenditures may be added to the original mortgage arid may
thus be financed on easier terms than are provided in regular
home improvement loans.
Congress has also acted, through the comprehensive tax
revision law, to encourage investment by business firms.
Major provisions of general applicability directed to this
objective are the substantial liberalization of allowable
depreciation charges, the extension from 1 to 2 years of the
loss carry-back provision, and the introduction of the partial
tax credit on dividends. Numerous other changes are
designed to encourage investment in particular situations as
well as to facilitate business operations.
In addition, the new tax law will broadly affect the entire
economy by its sweeping changes bearing on many phases of
personal and corporate financial management and its
reduction of Federal taxes.
National Income and Product...
A Review of the Second Quarter
AFTER three quarters of consecutive declines, business
activity assumed a firmer tone in the second quarter of the
year. The gross national product was at an annual rate of
$356 billion, the same as in the first quarter. This was 4
percent below the second quarter peak of last year, and 4
percent above the comparable 1952 quarter.
Private expenditures advanced in the second quarter to
counterbalance a further sizable decline in government purchases. The combined advance in consumer expenditures
and new private construction added $3K billion on an annual
rate basis to the stream of final expenditures—an amount
sufficient to offset the decline in Federal purchases. Most
other major types of expenditures showed little change from
the preceding quarter. In particular, business inventories,
which had been a major element in the initial decline in production, continued to be liquidated at about the same rate
as in the two preceding quarters, so t h a t this did not make
for any further change in output.
As compared with the second quarter of 1953, when total
production reached its peak, the major reductions in gross
national product were in Federal expenditures, mainly for
national security purposes, and in investment in business
inventories. Federal purchases were reduced by $11 billion
at annual rates, from $62 billion to $51 billion, and the
swing in business inventories was of comparable magnitude —
from a net accumulation of over $5 billion in the second
quarter of J953 to a net liquidation of $4 billion in the
second quarter of 1954. Virtually all of the reduction in
inventory investment and two-thirds of the reduction in
Federal expenditures occurred in durable goods. Consumer
durables and investment in producers' durable equipment
were adversely affected also, but the reductions were much
more moderate, both percentagewise and in absolute amounts
In contrast, other major expenditures held firm or showed
increases over the period. In the aggregate these expenditures offset about two-fifths of the combined decline in the
expenditures listed so that the reduction in total output over
the year as a whole was moderate.
Factor stabilizing personal income
A major factor moderating the decline of output and providing the setting for its even movement in the second quarter
was the fact that the full impact of the sharp reduction of
durable goods production was not reflected in the flow of
purchasing power to individuals.
One of the principal elements accounting for this diversity
between o u t p u t and disposable income may be found in the
differential movement of corporation profits and dividend
payments. From a $41 billion annual rate in the second
quarter of 1053 the corporate earnings share of the national
income fell sharply in the latter half of the year and leveled off
at a rate of $34 billion in the opening quarter of this year.
Auu-ust 10.14
SURVEY OF CURRENT BUSINESS
Over this period, however, corporate taxes were reduced-—as
a consequence of lower tax rates and the shrinkage in the
tax base—so that the reduction in after-tax profits was much
more moderate, approximately $2 billion. While the amount
of retained earnings was somewhat reduced over this period,
dividend disbursements to individuals increased moderately.
Dividends throughout the postwar period have been low relative to corporate income, and so in most instances have been
amply protected. In some companies the elimination of the
excess profit tax raised after tax profits considerably and so
permitted a dividend rise without much effect upon the
proportions of earnings retained.
The maintenance of corporate dividends thus shielded the
personal income stream from the decline in production and
earnings arising in production. Two other factors contributed markedly to increase purchasing power. Transfer
payments, mainly unemployment compensation, increased
over the period; and personal taxes were reduced as a result
of the cut in Federal individual income levies which went
into effect at the beginning of the year.
As a result of these stabilizing factors the impact of the
decline in durable goods production upon incomes was confined to the industries closely connected with military and
other hard goods output—durable goods manufacturing,
mining, and transportation. In these industries wage disbursements declined by $6 billion at annual rates as compared
with a year ago. However, other elements of production
income rose by about $3% billion over the same period-—reflecting mainly wages and salaries in industries other than
those noted. The net decline in distributed production incomes as compared with a year ago was therefore $2%
billion. The increase in transfer payments, (net of individual
contributions under the OASI program, and including a
moderate increase in government interest) amounted to $2
billion, and personal tax reduction, which constituted a
contribution to available purchasing power, to $3 billion.
Disposable personal income in the second quarter of 1954, at
$253 billion, thus \vas actually $2% billion higher than in the
corresponding quarter of 1953.
Favorable demand factors
In addition to the maintenance of personal purchasing
power, which provided a direct support to consumer expenditures and indirect encouragement to investment, other
independent favorable demand factors mitigated the decline
in business activity and contributed to the leveling in the
second quarter. Construction expenditures, both residential
and nonresidential, increased over the period; consumption
expenditures for services (partly linked to the expanded
volume of home construction) moved upward more than
disposable income; State and local government expenditures, for- construction and current services, continued their
postwar increase; and a favorable shift occurred in the net
foreign demand for American products.
Perspective on the changes in business activity over the
past year and 2 years may be gained from the accompanying
text fable showing the changes, including percentage changes,
in some major economic indicators. The figures are for the
second quarters of 1952, 1953, and 1954 and are presented on
the usual seasonally corrected annual rate basis
The 4-percent decline in total output from a year ago left
the value higher than 2 years ago by a similar percentage.
Final purchases other than those by the Federal Government were actually about 2 percent larger than a year ago,
and 7 percent larger than 2 years ago. Personal income was
only a fraction of 1 percent less than a year ago, while personal disposable income (income after personal taxes) was
slightly higher, and 8 percent larger than in the comparable
quarter of 1952.
Demand for Goods and Services
The advance in the second quarter lifted personal consumption moderately above the previous high point reached
in the third quarter of 1953. With consumers' prices varying
little on the average, the second-quarter rise in consumer
spending represented an increase in real terms.
Second quarter of
1952
Gross national product
Change in business inventories
Final purchases
Federal Government
purchases
All other
Personal income
Personal taxes
_
Disposable personal income
1953
1954
(Bill ions of do Jars,
seasonal ly ad juste d ami ial
rates)
341 4 369 9 356. 0
.y
1952-54
1953-54
4
-4
5
i
5. 4 -3. 8
342. 3 364. 5 359. 8
55. 1
Percent change
62. 2
-18
51. 3
287. 2 302. 3 308. 5
7
2
267. 8 286. 4 285. 7
0
32. 9
7
3
-8
233.8 250. 4 252. 9
8
1
34.0
35. 9
The share of total output absorbed by consumers has
risen steadily over the past year. Personal consumption
expenditures accounted for 65% percent of the total market
value of output in the second quarter, as compared with
62 K percent in the same period a year ago.
Each of the broad subdivisions of consumer expenditures—•
durables, nondurable^ and services—registered increases in
the second quarter. This was in contrast to the recent
d i verse exp eri ence.
Advance in consumer durables
Consumer outlays for durable goods registered the first
quarterly advance since the opening quarter of 1953. The
bulk of it occurred in automotive expenditures, which had
leveled out in the first quarter of 1954 after a sha.rp reduction
in the final quarter of last year. Expenditures in the second
quarter were below the level of the first three quarters of
last year, but they were almost one-fifth above 1952.
New car sales spurted in June and for the first time this
year exceeded the corresponding month of 1953. The bctterthan-expected pace of auto sales helped to lower the heavy
inventories in dealers' hands at the start of the quarter;
These had induced appreciable cutbacks in new car production, which with the pickup in sales volume cut field stocks
of new cars by almost 10 percent over the quarter.
Purchases of consumer durables other than autos remained
firm, showing little change in the aggregate from the preceding three months. The high rate of new homebuilding
continued to be a potent market force in this area. However, there was indication of some lagging in individual
commodity lines such as radios and television.
Purchases of nondurables firm
Purchases of nondurable goods were somewhat above the
general level of the past year. Increases were registered in
all major categories of this broad commodity grouping.
The advance in food and beverage purchases, which make
SURVEY OF CURRENT BUSINESS
August 19.~)4
Table 1.—National Income and Product, 1952, 1953, and First Two Quarters, 1954 l
[Billions of dollars]
j
Unadjusted
1952
Seasonally adjusted at annual rates
1953
1953
I
1953
1954
II
III
IV
I
II
1954
I
II
III
IV
I
II
NATIONAL INCOME BY DISTRIBUTIVE SHARES
National income
Compensation of employees
Wages and salaries
Private
Military
Government civilian _.
Supplements to wages and salaries
Proprietors' and rental income 3
Business and professional
Farm
Rental income of persons
„
_
_ _ __
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
291.0
305.0
75.4
77.2
76.9
75.6
73.8
305.9
308.2
306.2
299.9
298.9
195. 4
185. 0
152.2
10.5
22.4
10.4
209.1
198. 0
164.5
10.2
23.3
11.1
50.9
48.0
39.6
2.6
5.8
2.9
52.2
49.4
40.9
2.6
5.8
2.9
52.9
50.1
42.1
2.6
5.5
53.1
50.5
41.9
2.5
6.1
2.6
50.9
47.9
39.4
2.4
6.0
3.1
51.3
48.3
39.9
2.4
6.0
3.0
206.2
195. 3
162.0
10.3
23.1
10.9
210.0
198.9
165.3
10.4
23.2
11.1
211.4
200.3
166.7
10.2
23.4
11.1
208.8
197.6
164.1
9.9
23.5
11.2
206.4
194.6
161.2
9.7
23.7
11.8
206. 6
194.9
161. 5
9.5
23.8
11.7
49.9
25.7
14.2
10.0
49.0
26.2
12.2
10.6
12.6
6.6
3.3
2.6
12.2
6.6
3.0
2.6
12.0
IS
2.6
12.3
6.5
3.1
2.7
12.3
6.4
3.2
2.7
12.2
6.5
3.0
2.7
50.3
26.5
13.4
10.5
48.9
26.3
12.1
10.5
47.8
26.1
11.1
10.6
49.1
25.9
12.3
10.8
49.4
25.6
13.0
10.8
49.0
25.9
12.2
10.9
38.2
37.2
20.0
17.2
1.0
38.5
39.4
21.1
18.3
-1.0
10.0
10.2
5.5
4.7
-.2
10.6
10.9
5.8
5.0
2
9.9
10.5
5.7
4.9
-.7
8.0
7.8
4.2
3.6
.2
8.3
8.3
4.1
4.2
-.1
.1
41.4
42.4
22.7
19.7
-.9
41.0
41.9
22.5
19.5
-.9
38.3
40.9
21.9
19.0
-2.6
33.1
32.5
17.4
15.1
.6
34.1
34.5
17.0
17.5
— .4
.4
7.4
31.0
8.4
31.4
2.0
7.9
2.2
7. 5
2.2
8.0
2.3
7.9
2.3
7.9
7.9
31.4
8.3
31.6
8.6
31.5
8.9
31.3
9.0
31.2
9. 1
31.2
346.1
364.9
88.5
91.5
91.1
93.8
86.7
88.0
361.8
369.9
367.2
360.5
355.8
356. 0
218.4
26.8
116.0
75.6
230.1
29.7
118.9
81.4
54.4
6.8
27.6
20.0
57.4
7.7
29.3
20.4
56.7
7.4
28.9
20.3
61.6
7.8
33.1
20.7
54.8
6.3
27.4
21.1
58.3
7.5
29.6
21.2
228.6
30.4
118.8
79.4
230.8
30.3
119. 6
80.9
231.2
30.3
118.6
82.3
229.7
28.0
118.7
83.0
230.5
28.0
118.8
83.6
233. 1
28.8
120.0
84.3
50.7
23 7
11.1
12.6
23.3
3.6
3.0
51.4
25.5
11.9
13.6
24.4
1.5
2.2
12.8
6.5
3.1
3.4
6.5
-.1
.1
13.6
7.1
3.3
3.7
6.0
.5
.8
10.7
6.6
3.1
3.5
6.0
-1.8
—1.7
12.3
5.6
2.4
3.2
5.6
1.1
1.1
10.0
6.8
3.3
3.5
5.9
-2.7
-2.7
51.9
25.0
11.7
13.3
24.1
2.8
3.3
55.9
25.9
12.2
13.7
24.6
5.4
6.2
52.4
25. 6
12.1
13.5
24.8
2.0
2.9
45. 5
25.7
11.7
13.9
24.0
-4.2
-3.7
44.5
26.0
11.7
14.3
22.7
-4.2
4 2
45.6
27.0
12.8
14.2
22.4
-3.8
-4.0
18
3 3
18
19.7
12.8
11.2
10.9
.3
1.7
.1
6.9
83.0
58.1
51.0
48.7
2.2
7.7
.5
24.9
86.6
62.2
54.3
52.0
2.3
8.3
.4
24.4
85.4
60.3
52.3
50.6
1.7
8.4
.4
25.1
86.0
59.8
50.6
48.7
1.9
9.6
.3
26.2
81.9
55.0
46.9
45.4
1.5
8.4
.3
26.9
78.3
51.3
44.7
43.5
1.2
6.9
.3
27.0
GROSS NATIONAL PRODUCT OR EXPENDITURE
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
_
2
19
14.3
5.4
2.4
2.9
6.0
2.9
3.1
5
77.2
54.0
48.5
46.1
2.4
5.8
.4
23.2
85.2
60.1
52.0
50.0
2.0
8.5
.4
25.1
20.3
14.5
12.7
12.2
.6
1.9
.1
5.8
21,8
15.5
13.6
13.0
.6
2.1
.1
6.2
21.5
15.1
13.1
12.6
.4
2.1
.1
6.4
21.6
15.0
12.6
12.2
2'. 4
.1
6.7
20.0
13.7
11.7
11.4
.4
2.1
.1
6.3
271.2
286.1
69.6
71.5
71.6
73.4
70.2
71.1
283.3
286.4
287.5
287.3
285.1
285.7
34.4
31 1
3.2
236 9
218.4
18.4
36.0
32 5
3.5
250 1
230. 1
20.0
12.7
11.7
1.0
56.9
54.4
2. 5
7.2
6.3
.9
64.3
57.4
6.8
8.8
8.0
.8
62.8
56.7
6.2
7. 3
6.5
.8
66. 1
61.6
4.5
11.9
10.8
1.1
58.2
54.8
3.4
6.2
5.2
.9
65.0
58.3
6.7
35.5
32.1
3.4
247.8
228.6
19.2
35.9
32.5
3.5
250. 4
230.8
19.6
36.3
32.8
3.5
251.2
231.2
20.0
36.1
32.6
3.6
251. 2
229.7
21.5
32.8
29. 1
3.7
252.3
230.5
21.8
32.9
29.2
3.7
252.9
233.1
19.7
346. 1
364. 9
88.5
91.5
91.1
93.8
86.7
88.0
361. 8
369. 9
367.2
360. 5
355. 8
356.0
25 3
28. 0
1.0
.6
_ 2
27. 2
SO'.O
1.0
1.0
—. 5
6.6
7.2
.3
-1.0
-.1
6.8
7.5
.3
-.4
6.8
7.6
.3
— .6
1
7.0
7.7
.3
3. 1
-.2
7.1
7.4
.3
-1.9
-.1
7.2
7.5
.3
26.2
29.4
1.0
-1.2
-.4
27.4
30.2
1.0
2.6
-.6
27.4
30.1
1.0
2.1
-.4
27.9
30.3
1.0
.6
-.8
28.2
30.3
1.0
-3.0
-.4
29.0
30.2
1.0
291.0
305. 0
75.4
77.2
76.9
75.6
73.8
305.9
308.2
306. 2
299.9
298.9
Less' Corporate profits and inventory valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements
38.2
8 7
,0
38. 5
88
-.1
10.0
2 6
.0
10.6
2 3
.0
9.9
2 1
.0
8.0
1.8
.0
8.3
2.8
.0
2.5
.0
41.4
8.8
.0
41.0
8.9
-.1
38.3
8.7
-.1
33.1 •
8.6
—.1
34. 1
9.8
.0
' 9.7
.0
Plus* Government transfer payments
Net interest paid by government
Dividends
Business transfer payments
--
12.1
4.9
9.1
1.0
12.8
5.0
9.4
1.0
3.2
1.1
2.2
.3
3.2
1.6
2.2
.3
3.1
1.0
2.2
.3
3.3
1.3
2.7
.3
3.6
1.1
2.4
.3
3.7
1.6
2.2
.3
12.6
4.9
9.1
1.0
12.6
5.0
9.3
1.0
12.6
5.1
9.5
1.0
13.3
9.6
1.0
14.2
5.2
9.6
1.0
14.8
5.3
9.6
1.0
271.2
286.1
69.6
71.5
71.6
73.4
70.2
71.1
283. 3
286.4
287.5
287. 3
285.1
285.7
Gross private domestic investment
Residential nonfarm
Other
Producers' durable equipment-..
Change in business inventories, total
Nonfarm only
Government purchases of goods and services
Federal
National security _
_
National defense
Other national security
Other
Less: Government sales
State and local
__
__
__. __ _
DISPOSITION OF PERSONAL INCOME
Personal income
_ _ _ __
Less* Personal tax and nontax payments
State and local
__
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
Equals : Personal income
1. Detail will not necessarily add to totals because of rounding.
2. Not available.
3. Includes noncorporate inventory valuation adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
1
.0
i
-. 1
August 1954
SURVEY OF CURRENT BUSINESS
up approximately three-fifths of the iioiidurables total, was
the first in several quarters. Clothing expenditures continued to edge forward in the April-June period but they
were still running slightly below the corresponding quarter
of last year.
The quarterly increment in consumer expenditures for
services was roughly the same as in the two preceding quarters, and about half of the average quarterly increase from
mid-1952 to mid-1953. The trend in this important segment
of consumer purchases continued to reflect in large measure
the steady growth in number of dwelling units, the moderate
but persistent advance in average rents, and the related
expansion in home utility outlays.
Gross National Product
BILLIONS OF DOLLARS
400
National output
was stable in the
second quarter . .
375
350
TOTAL
GNP
325
Fixed investment firm
New construction advanced in the second quarter. Business purchases of new capital equipment held close to the
first-quarter rate, and the rate at which inventories were
liquidated was unchanged.
The continued strength in fixed private investment—new
construction and producers' durables-—thus contributed
importantly to the maintenance of business activity. In the
aggregate, fixed investment has been relatively stable over
the past 6 quarters, at an annual rate approximating $50
billion.
The. further advance in private expenditures for new construction in the Spring quarter raised the total of these outlays for the first half of 1954 about 3 percent above the corresponding period of last year. This set a ne\v record, both
in dollar value and real volume.
Brisk advance in homebuilding
Residential construction reached the highest rate since
the postwar building peak in the second half of 1950. An
appreciable factor in the rise was the greater availability
of mortgage funds, with longer-term mortgages and smaller
(lownpayments coming back increasingly into the homefinancing picture.
Business purchases of plant and equipment showed little
change from the preceding quarter. Moderate declines
were registered in manufacturing and transportation, which
wore largely offset by further rises in the public utility and
('O mmoroi a 1 segments.
New construction outlays by business were somewhat
better maintained than equipment purchases. Moreover,
most major components of this large aggregate showed only
slight deviations from their strong first-quarter pace.
Inventory liquidation continues
The net liquidation of business inventories in the second
quarter was about the same as in the two previous quarters.
As in the January-March period, the reductions were mainly
concentrated in the durable-goods manufacturing industries.
The sizeable declines in the metal producing and consuming
industries exceeded the first-quarter rate in each major
group with the exception of fabricated metals, whore the
rate of decline was lower.
Those most recent reductions brought inventories in the
heavy manufacturing industries in the second quarter below
the corresponding period of last year. However, since sales
have also declined over this same period there has boon no
appreciable change in the inventory-sales ratios.
Inventory changes in the nondurable-goods manufacturing
industries were small, and the combined inventories of the
group as a whcle were virtually the same as in the preceding
quarter. Business has apparently regarded these as being in
line
with their needs all during the first half of the year.
25
I
as inventory
liquidation
continued
unchanged . .
I
I
25
CHANGE IN BUSINESS
/ INVENTORIES
i
while increases
in consumer
spending and
new private
construction , . ,
I
1
S
S
I
I
I
I
1-25
250
225
PERSONAL CONSUMPTION
EXPENDITURES
200
50
NEW CONSTRUCTION
25
I
I
I
I
I
i
I
I
I
I
I
offset moderate
declines in other
components
100
75
GOVERNMENT PURCHASES
50
PRODUCERS' DURABLE
EQUIPMENT
25
\
\
I
1952
t
1953
I
1954
QUARTERLY TOTALS, SEASONALLY
ADJUSTED. AT ANNUAL RATES
OFFICE OF BUSINESS ECONOMICS. U. S. D C.
54-29-2
SURVEY OF CURRENT BUSINESS
6
In marked contrast- to the continued inventory reductions
in durable-goods manufacturing, the decline in most hard
goods lines in the trade channels appeared to be leveling out
in the second quarter. In the fourth quarter of 1953 the
declines in durable goods inventories in wholesale and retail
trade had constituted the largest share of the total inventory
liquidation, but the rate was sharply curtailed in the opening
quarter of this year as the center of inventory liquidation
shifted to durable-goods manufactures. In the April-June
period trade liquidations in the nonautomotive lines were
minor.
Retail automotive stocks were a notable exception to the
genera] pattern in trade, as the liquidation of new ear
holdings, which had been interrupted by some involuntary
accumulations in the first quarter of the year, was renewed
in the second. The bulk of the second-quarter inventory
reduction occurred in June, concurrently with the spurt in
sales noted above.
Factory Wages
BILLION'S OF D O L L A R S
August 1954
the foreign economic: aid programs were also scaled down
during the past year.
The remaining purchases of the Federal Government —
with the exception of the price support activitias of the Commodity Credit Corporation — have remained stable over the
past year at an annual rate of approximately $5/1? billion.
The CCC activities, on the other hand, have followed a very
volatile course. Government acquisition of agricultural
commodities through outright purchase or under loan agreements rose sharply in 1953, exceeding $4 billion at an annual
rate in the fourth quarter. With the subsequent sharp reductions that occurred, the rate was down to $2 billion in
the second quarter.
The Flow of Income
Personal income in the second quarter was virtually the
same as in the first. The income flow in these quarters
differed little on a month-to-month basis.
Personal income in the first half of the year was substantially the same as in the first helf of last year, and less than
1 percent below the second half of 1953,
40
DURABLE - GOODS INDUSTRIES
30
20
NONDURABLE-GOODS INDUSTRIES
10
S
0
1953
M
A
M
1954
SEASONALLY A D J U S T E D , A T ANNUAL RATES
OFFICE OF BUSINESS ECONOMICS. U. S, D. C.
54 - 29 -3
Nondurable goods stocks in trade have shown moderate
increases in the first half of 1954. The principal ones were
in wholesale trade in the first quarter and in retail trade in
the second.
Net foreign investment, which measures the excess of exports over imports other than those matched by net grants
and gifts to abroad, showed no further change from the opening quarter of the year. The net import surplus that has
been in evidence since the second quarter of 1952 continued
in the second q u a r t e r of this year.
Further decline in defense outlays
Federal Government purchases accounted for all of the
second quarter decline in government spending as State 4 and
local expenditures were maintained.
The further decline in Federal national security expenditures reduced these outlays by about $10 billion at annual
rates as compared with the second quarter peak of last year.
These changes have affected most categories of expenditure
in the defense budget. However, the sharpest reductions
have been in hard goods, both for the direct use of the Armed
Forces and for the foreign military aid programs. Total
deliveries of these goods declined by approximately $7 billion
at annual rates from the second quarter of 1953 to the second
quarter of 1954. Over the same period, the rate of outlays
for soft goods and military construction together was reduced about $1 billion, and for military wages and suhaics,
three-quartc rs of a billion dollars. Expenditures under
Digitized for about
FRASER
Payrolls level out
Wages and salaries were fractionally higher than in the
first quarter, but 1 V2 percent below the final quarter of last
year and about 3 percent below the third quarter, when
payrolls
were at their peak.
Tht4 industries in which payroll declines had been most
pronounced in the two preceding quarters—durable-goods
manufacturing, mining, and transportation—showed considerably less decline in the April-June quarter. Almost all
other major industries registered moderate increases which
in many cases reversed moderate decreases in the prior
quarter. In total, the individual industry changes were
substantially counterbalancing.
Available data indicate that the approximate stability of
private payrolls for the quarter as a whole reflected the net
effects of some further reduction in employment and small
rises in average hours worked and average hourly wage rates.
Monthly series afford a closer appraisal of payroll changes
in the first half of 1954. These series (adjusted for seasonal
variation) indicate that the declines in durable-goods manufacturing, mining, and transportation persisted through the
first four months of the year but leveled off in May and June.
The combined payrolls of the remainder of private industry—
which comprises almost three-fourths of the total—have
registered a moderate advance in every month beginning with
February.
Mixed movement in government payrolls
Federal Government payrolls have tapered off steadily
since1 the second quarter of last year. About two-thirds of
the decline has been in the military segment and reflected
the reduction in the Armed Forces. Federal wages and
salaries have accounted for about one-fifth of the decline in
overall payrolls (private and public) since the third quarter
of last year.
Payrolls of State and local governments, on the other hand,
have continued to rise steadily. Over the past year these
outlays have increased almost as much as their Federal
counterpart has fallen.
Other personal income floivs stable
Proprietors' and rental income changed little from the
preceding 3 months. A small reduction in farmers' net income was partly offset by a rise in nonfarm proprietor earnings and rental income.
August 1954
SURVEY OF CURRENT BUSINESS
Over the past several quarters, the net income of farm
proprietors—a series particularly difficult to measure on a
less than full-year basis—has shown considerable fluctuation.
Although down appreciably in the second quarter, it approximated both the fourth-quarter 1953 rate and the calendar
1953 total.
The firmer trend in nonfarm proprietor's' income mirrored
the sales in retail establishments, which are of predominant
importance in the unincorporated nonfarm sector. Rental
income of persons continued to show a gradual uptrend.
Despite the drop in corporate profits over the past year,
dividend payments to individuals have increased. As noted
earlier in this review, the disparity in the movement of these
two series has been an important element in sustaining the
flow of individual incomes despite the decline in value of
production.
Government transfer payments, which also have been
instrumental in cushioning personal income from the effects
of lower production, increased a little further in the second
quarter, but were leveling out in the April-June period.
Foreign Countries Earn $2.5 Billion
From United States Military Outlays in 1953
OUTLAYS of the United States Armed Forces abroad
reached $2.5 billion in 1953 and totaled over $6 billion from
the outbreak of hostilities in Korea to the end of 1953.
These expenditures in 1953 fell into three approximately
equal parts: purchases by Armed Forces personnel out of
their pay; purchases of supplies and equipment for account
of the military organizations, including purchases of military
end-items for re transfer to allied countries; and outlays for
construction, repair, transportation, and other services.
As shown in the accompanying table, expenditures rose
very sharply after mid-1950, and by 1953 they were one of
the most important sources of dollars for foreign countries.
In that year they accounted for 15 percent of all foreign sales
of goods and services to the United States, and contributed
greatly to the increase of over $2 billion in foreign gold and
dollar reserves.
About half of the military expenditures in 1953 were in
countries of Western Europe and their dependencies. Such
dollar earnings were a major factor in the improvement in
the economic situation of these countries which enabled them
to relax discriminatory restrictions in their foreign transactions, particularly against imports from the United States.
Military expenditures of nearly $1 billion in the Far East,
mainly in Japan, provided a large share of the funds required
to purchase necessary agricultural and industrial products
from the United States.
The large increase in military expenditures abroad occurred
in a relatively short period, with important effects not only on
current international economic relations but also oil industrial
activity and the utilization of resources in foreign countries.
Analysis of these expenditures indicates that the total will be
fairly stable in the near future and will have a continuing
important influence upon foreign economies.
Troop expenditures
Estimated purchases from foreign countries by United
States military and civilian personnel were responsible for
nearly one-third of total military expenditures in each of the
last two years. These purchases are estimated by deducting
from cash payments to personnel stationed abroad their
remittances to the Unit eel States, their outlays in military
establishments abroad, and savings.
The amount of total pay actually entering foreign economies varies rather widely from country to country, since it
depends upon the capacity of each country to meet the
demands of United States personnel. In countries such as
Germany it may comprise a major portion of cash payments
to personnel, but in Korea, where less merchandise and
services arc available to attract troop spending, expenditures
are minimal. Most of the foreign disbursements of the
forces stationed in the latter country are made in Japan.
Rise in offshore procurement
Purchases of supplies and equipment abroad by the military establishments themselves expanded from $560 million
in 1952 to about $870 million in 1953. Most of such expenditures were made from regular Department of Defense
appropriations and represented purchases of foodstuffs, fuels,
and other items needed by the Armed Forces in their own
operations. However, these amounts also include large
outlays from mutual security program appropriations for the
purchase of military end-items for retransfer either to the
producing countries or other nations participating in the
program.
Outlays under the mutual security program rose from $75
million in 1952—when the offshore procurement program was
initiated as a component part of the mutual security program—to over $300 million in 1953. The cumulative total
for such expenditures by the end of March 1954 was nearly
$500 million. France was the principal recipient of this
dollar income. Most of the payments to that country during
1952 and 1953 resulted from the "Lisbon" and "Budgetary
Support" programs designed to give budgetary assistance to
France through the procurement by the United States of
military end-items for use by the French forces, including the
troops in Indochina. Because of the balance of payments
difficulties of France two loans totaling $254 million were
extended by the Export-Import Bank as advances on offshore
procurement contracts. By the end of March 1954 France
had repaid all but $24 million of such loans.
Military Expenditures Abroad, July 1950—December 1953
[Millions of dollars]
Julv-Dec. 1
1 950
Western Kurope and dependencies
Western Hemisphere
Far East
Total all areas
1952
108
399
877
1 285
16
7?
179
219
!
776
855
939
11 1
23
46
53
382 1, 270 1, 957
i
2, 496
247
All other countries
__
__ _
1953
19.51
8
SURVEY OF CURRENT BUSINESS
In contrast to procurement for retransfer under the mutual
security program—which has taken place almost entirely in
Western Europe—nearly two-fifths of the foreign procurement in the last two years from the regular appropriations of
the Department of Defense has been in the Far East. There
it has been concentrated in Japan because of the necessity of
supplying the security forces stationed in that country and
the troops in Korea.
About 30 percent of such purchases took place hi Europe
and furnished an important source of dollars to a number of
countries, including Belgium, Denmark, Germany, Switzerland, and the United Kingdom. Most of this income was
derived from sales of food and other materials necessary for
the maintenance of United States troops in the European
Purchases of aircraft and other military equipment in
Canada by the Air Force and other United States defense
agencies have been very substantial in both 1952 and 1953
because of the two-way buying program established by the
two countries after the invasion of South Korea. Under this
program Canadian purchases in the United States to supply
the Canadian forces with United States type equipment are
being offset by United States expenditures in Canada. Other
procurement has been confined principally to purchases of
petroleum in Bahrein, Netherlands Antilles, and Saudi
Arabia, and coffee in Latin America.
Other outlays also increase
Other foreign outlays of the military establishment rose
by over $100 million 'in 1953 to total 'almost $800 million.
These included disbursements for the construction of airfields,
naval facilities, troop housing and other installations, and for
other services such as communication and transportation.
Over half of such payments were made in the Far East
since most disbursements for communication, transportation, repair, arid similar services occurred in Japan. Twofifths of the total was spent in Europe, and the balance almost
entirely in French Morocco and Canada.
Outlays abroad for construction include foreign expenditures by United States firms under contract with the Department of Defense, payments to foreign contractors, and direct
outlays for foreign goods and personal and other services
under the public works program of the Department of Defense. Also included are contributions of $73 millions in 1952
and $91 million in 1953 to the NATO common-use installation program.
Half spent in Europe
Principally because of increased expenditures under the offshore procurement program, military outlays in Western
Europe expanded by $400 million in 1953"to reach $1.2
billion. Outlays in the Far East were already expanded in
1952 and increased moderately in 1953. This increase was
dispersed among every major category of expenditure in
t h e Far East,
Five countries—Canada, France, Germany, Japan, and
the United Kingdom—received over 70 percent of the total
dollar outflow from Department of Defense disbursements
abroad in 1953. The largest recipient by far was Japan,
where outlays rose by $30 million to aggregate about $775
million, or three-tenths of the total. This amount excludes
United States disbursements of yen made available by the
Japanese Government without charge since April 1952.
These funds, amounting to $155 million a year, replaced
about half of the value of the goods and services furnished
by the Japanese under occupation-charge procedures during a base period preceding the agreement. All additional
expenditures are paid by the United States in dollars.
August 1954
Expenditures of the Armed Forces in Japan began to fall
in the fourth quarter of 1953 after the Korean Armistice,
and the decrease continued at an even sharper pace during
the first quarter of 1954. A downturn in the personal expenditures of troops was partially responsible. More significant, however, was a sharp reduction in special orders
for goods and services. Well over $300 million of dollar
contracts were placed in each of fiscal years 1951, 195
and 1953. However, awards amounted to less than $35
million in the March quarter of 1954, and the total for the
9 months ended March 31, 1954 was under $155 million.
Japan has utilized the special outlays of the United States
to help finance its deficit on other international transactions.
The Japanese overall trade deficit in 1953 was about $1.1
billion, much larger than in the previous year despite a
gradual increase in exports since early 1953, and the imbalance with the United States alone was $815 million.
France was the second largest recipient of United States
military outlays in 1953. Expanded receipts from offshore
procurement program contracts and other United States
expenditures contributed to a decided improvement in
France's international accounts. Total outlays by the
American troops and military establishments in 1953 were
over $400 million.
The income to Germany from the presence of our troops
continued high in 1953, amounting to about $240 million.
This consisted principally of their private expenditures, but
dollar disbursements for the support of such troops were
not inconsiderable.
Substantial amounts were also spent by the United States
Armed Forces in 1953 in Canada and the United Kingdom
(almost $200 million each), Italy (nearly $90 million), the
Ryukyus (over $50 million), and Korea (about $60 million).
From mid-1950 through December 1953 the United States
had paid nearly $200 million to Korea for local currency
used for expenditures in that country.
Trends in 1954
The rapid expansion of foreign outlays by the military
departments since the invasion of Korea slowed down in the
first half of 1954 as expenditures in the Far East declined
following the Korean Armistice, Nevertheless, military disbursements are likely to be somewhat larger in 1954 than in
1953 because of expanding transactions in Western Europe.
At the end of March 1954, over $1.5 billion remained for
disbursement against offshore procurement program contracts placed in Europe from fiscal year 1952 and 1953
mutual-security program funds. Purchases of military enditems under the offshore procurement program may rise in the
Far East in 1954, thus replacing a portion of the income lost
with the decline in. regular military spending. Some of the
funds for offshore procurement in Europe and in the Far
East will be made avialable in 1954 in the form of foreign
currencies now being acquired through sales of surplus
agricultural commodities.
Foreign expenditures for installations should equal or
possibly exceed similar outlays in 1953. However, such
disbursements may shift from country to country as major
installations are completed and new projects begin. According to present indications contributions to the NATO
common-use construction program and other outlays in
Western Europe are likely to increase and thus compensate1
for any possible decline in other areas. Thus it appears that
the backlog of deliveries on existing contracts, the funds
available from the sale of surplus agricultural commodities,
and outlays for new projects for major installations, arc
sufficient to insure continued large military expenditures by
the United States, although changing needs may resnlt in
shifts among individual countries.
b Robert E. Graham, Jr.
State Income Payments in 1953
i
NCOME of individuals in 1953 was somewhat higher than
in 1952 in all but 6 States. Of the latter group, there was
little change in 2 States and only small declines in the other
four.
On a nationwide basis, the aggregate flow of individual
incomes in 1953 rose moderately through mid-summer and
then held close to the July peak for the remainder of the year.
For 1953 as a whole, individual incomes totaled $271 billion,
almost 6 percent above the $256 billion paid out in 1952.
Relative gains in total income from 1952 to 1953 were
closely similar, except in the Northwest and Southwest
regions. In the Far West, New England, and Middle East,
the relative income advance in 1953 matched that for the
Nation, while the 5-percent rise in the Southeast was only
slightly less, and the 7-percent advance in the Central States
slightly more.
In the Southwest, total income in 1953 was 3 percent above
the previous year; in the Northwest, the increase was fractional. In each of these two regions, above-average decline
in income from agriculture was a major factor.
Top-ranking States
Among individual States, the largest gains in total income
in 1953—ranging from 9 to 12 percent—were in Michigan,
Florida, South Dakota. Ohio, Indiana, and Nevada.
NOTE.—MR. GRAHAM IS A MEMBER OF THE NATIONAL INCOME DIVISION, OFFICE OF BUSINESS ECONOMICS.
Factory payrolls, which nationally expanded at a higher
rate from 1952 to 1953 than any other major income source,
were a principal factor in the top-ranking positions of
Michigan, Ohio, and Indiana. In Michigan, moreover, the
rate of increase in income from nonmaiiufacturing sources
was nearly twice that of the Nation. In Florida, the income
rise in 1953 was sizable in nearly all segments of the State's
economy.
South Dakota ran counter to the nationwide trend with a
sharp recovery in agricultural income—by far the chief
factor in its 10-percent expansion in total income. Nevada's
favorable showing in 1953 reflected mainly a spurt in income
from trade and service activities.
Per capita incomes
For the country as a whole, per capita income payments
(total income divided by total population) were $1,709 in
1953—an increase of 4 percent over the 1952 average of
$1,644. As in the case of total income, relative changes in
per capita income were largest in the Central States arid
smallest in the Northwest and Southwest. In the other 4
regions, the change was within 1-percentage point of the
national rate.
As shown on the accompanying map, per capita incomes
in 1953 ranged from $2,304 in Delaware to $834 in Mississippi. Others in the top rank, all with per capita incomes
Regional Income Changes, 1952 to 1953
8 -
-8
TOTAL INCOME
PER CAPITA INCOME
6 -
-6
8
4 -
- 4
2 -
- 2
UNITED
STATES
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
308117°—54
NEW
ENGLAND
SOUTHEAST
* LESS THAN 0.5 PERCENT
SOUTHWEST
NORTHWEST
§
§
10
SURVEY OF CURRENT BUSINESS
August I
Table 1.—Changes in Total and Per Capita Income Payments, by States and Regions, Selected Years, 1929-53
Total income payments
Per capita income payments
Percent distribution
State and region
1929
1946
1940 1944
1950
1
Percent change
Percent of national per capita income
to 1940 to 1950 to 1952 to
1952 i 1953 1929
1953 | 1953
1953
195S
1929
1940 1944
19461950
1952
Percent change
1929 to : 1950 to 1952 to
1953 1 1953 1953
1953
Continental United States. .. 100. 00 100. 00 100. 00 100. 00 100. 00 100. 00 100. 00
228
257
24
6
100
100
100
100
100
100
100
151
19
4
New England..
Connecticut.
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
123
135
83
132
96
125
88
126
144
87
13?
98
124
90
111
131
90
111
91
113
83
110
122
90
113
94
109
90
108
124
80
111
91
107
80
107
126
83
108
95
101
83
107
128
80
106
95
102
82
118
139
142
102
148
106
133
!
i
1
|
17
\.3
9
3
24 !
13 1
.1
3
6
1
2
4
5
3
136
135
175
103
139
165
113
68
131
154
187
123
139
150
109
69
118
122
114
110
125
133
105
70
120
119
119
106
120
139
105
74
117
136
138
108
119
130
107
73
115
134
130
107
120
125
105
75
116
135
123
109
123
126
1(
~I<4
114
151
164
121
92
138
171 |
17 i
18
6
19
.3
15
19 !
19
5
4
-1
6
6
5
5
2
11
56
47
44
82
62
35
55
50
55
77
66
61
57
86
66
61
72
50
61
58
70
80
66
59
61
85
65
63
66
47
66
60
68
76
67
59
57
84
67
63
73
49
66
58
67
79
69
61
59
81
69
68
75
50
64
66
69
81
68
61
55
80
69
68
73
49
64
64
69
80
237
242
208
183
260
215
201
205
255
335
240
223
21
24
14
13
22
28 j
19 i
19
16 |
.1
22
19
3
4
-3
2
4
4
2
1
4
1
,«*
2
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
6.52
1.71
.49
3.29
.30
.53
.20
6.54
1.75
.48
3.28
.30
.53
.20
160
225
187
134
171
147
144
189
235
199
168
204
180
182
22
32
21
18
20
17
21
6
8
3
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
27.02
.30
.94
1.62
3.69
12.38
7.15
.94
27.06
.30
.93
1.63
3.75
12.37
7.18
.90
163
278
293
298
211
131
165
207
201
245
177
260
224
183
212
220
21
31
20
29
31
18
20
15
6
7
4
6
11.93
1.01
.65
1.19
1.30
1. 16
1.12
.58
1.49
.72
1.22
1.49
14.29
1.29
.76
1.59
1.58
1.20
1.33
.80
1.65
.84
1.52
1.73
13. 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
1.31
.70
1.78
.81
1.47
1.64
14.16
1.20
.70
1.62
1.56
1.29
1.33
.70
1.72
.92
1.43
1.69
14. 09
1.20
.66
1.70
1.57
1.28
1.33
.67
1.70
.89
1.46
1.63
339
305
219
560
344
259
318
235
376
449
336
347
322
326
264
410
331
293
325
310
307
341
326
292
26
26
14
35
27
29
26
19
19
36
23
24
50
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
6.67
.51
.38
1.13
4.65
6.52
.51
.38
1. 10
4. 53
325
459
534
177
360
352
478
437
260
363
29.32 28.56
8.52
7.57
2.27
2.45
1.63
1.63
4.29
4.51
1.75
1.88
o ^2
2 67
5 95
5.86
2.24
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
28.62
6.93
2.73
1.60
4.77
1.77
2.50
6.03
2.29
28.98
6.95
2.80
1.46
5.07
1.75
2.50
6.22
2.23
224
167
304
193
287
227
206
242
226
4.44
.78
.31
1.00
.42
. 75
.31
.32
.35
.20
4.98
5.05
4. 95
.84
.75
.81
.34
.35
.36
1. 19
1.30
1. 17
.43
.36 j .39
.91
.88
.86
.36
.37 ! .36
.37
.38
.40
.42
.41 1 ,40
.20
. 18 1 . 19
4.95
.90
.34
1.26
.39
.83
.29
.32
.42
.20
4.71
.88
.31
1. 15
.38
. 76
.30
.33
.41
.19
8.47
9.79
7.39
6.31
.12
!! .09
.73 ' .83
i 1.34 i 1.45
12.30 11.90 11.53
8.54
8.96
8. 88
. 14
. 14
. 14
1.04 ! 1.07
1.09
2. 11 i 1.84 ! 1.78
I
i 12.06
| 9.09
! . 16
i 1.07
1.74
8.22
1.77
54
4.58
.37
.70
26
8.07
1.87
.57
4.36
.35
.67
.25
Middle East .
33.70
Delaware _ _
.26
District of Columbia. ._._
. 77
Maryland _.
1.34
New Jersey
3.96
New York
17.53
8.88
Pennsylvania
_ __ West Virginia.
.96
Southeast
._..
10. 51
Alabama
.97
.68
Arkansas - -. __ . ..
Florida
.84
Georgia
1.16
Kentucky
1.17
Louisiana
1.04
Mississippi
.66
North Carolina
1.17
South Carolina
53
Tennessee _
1.10
Virginia.. _ _ _
.. .. _ 1. 19
Southwest
Arizona
_
New Mexico
Oklahoma
Texas
5.03
.30
. 19
1.31
3.23
..
__
Central...
Illinois
Indiana
Iowa _
Michigan _ .
Minnesota
Ohio
Wisconsin
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota..
South Dakota
Utah .
Wyoming
For West
California _ _ _ _ _ _
Nevada
__ _ _
Oregon
_
. _
Washington
4.75
!28
1 20
.39
.92
.32
35
.33
.19
Computed from data shown in table 4.
6.99
1.76
;
12.10 j
9.19 j
. 17 i
1.02
1.72
ft
6
6
6
0
11
n
!
I
4
2
8
2
48
55
61
40
45
37
51
62
26
47
32
24
25
3
5
5
4
3
68
84
56
67
68
70
83
62
62
72
82
84
70
78
84
79
85
71
74
80
85
86
79
75
88
86
91
81
79
89
84
86
79
78
87
211 !
157 !
252
192
218
18
19
19
23
16
i
;
\
I
1
-2
2
3
2
262
228
308
221
301
232
254
279
271
26
22
31
6
34
18
22
33
21
7
6
9
-3
12
4
6
9
3
106
137
86
80
110
83
90
110
93
105
126
94
85
112
89
88
112
90
105
115
100
87
115
84
89
112
97
106
122
96
100
105
95
96
107
100
108
122
101
98
111
93
98
110
108
121
101
96
111
91
98
114
102
110
122
107
89
117
91
97
118
100
162
124
215
178
169
173
170 I
169
170
21
19
26
7
26
16 i
17
27
19
6
,n
10
-3
9
3
3
7
2
224
274
270
212
219
170
205 !
211 i
307 :
228 ;
279
302
267
311
223
263
239 !
270
318 !
234 ;
16
29 i
15 !
i
12
5
2
0
-3
-3
3
-3
94 :
J3
J8
Jl :
1)7 :
95
96
88
93
3
79
91
77
74
100
75 !
64
66
83
105
94
89
90
97
102
95
;
79
91
76
78
89
82
57
61
79
101
103
88
89
88
105
94
99
90
99
103
96
76
75
89
101
187
172
172
191
181
175
233
227
181
140
12
21
12
16
8
4
2
7
19
9
0
3
-5
~5
0
-3
4
11
3
0
368 1
376
505
358 i1
322
340 :
343 !
387
336
324 i
131 1
140 1
142 !
101
110
132
134 !
]18
117
134
119
122
132 :
105 1
113 i
117
120
135
104
110
16
16
15
14
15
3
3
-2
1
4
:
26
.
i
is !
30
33
48
19
20
2
10
0
6
9 i
1•
5 !
g
1
1
i
i
j
127 1
139 |
J20
94 i
105
5
i
88 i
91 I
98 I
!
J7
JO
Jo
88 :
106
124
130
135
109
111
!
;
i
;
100
109
;
90
98 i
83 '•
91 1
99
90
76
80
88
97
116
119
127
101
110
!
j
|
i
!
|
!
1
!
i
130
116
ion i]
169
164
Source: U. S. Department of Commerce, Office of Business Economics.
of more than $2,000 in 1953, include Connecticut, Nevada,
New York, the District of Columbia, New Jersey, Illinois,
California, Ohio, and Michigan.
This article continues the reports on State income published annually in the SURVEY OF CURRENT BUSINESS. For
each State and the District of Columbia, it presents estimates
of total income and per capita income for 1953. Also
included are statistical revisions of total income for 1952
and of per capita income for 1940-52. For convenience,
the 2 income series are shown in. table 4 for selected years
since 1929.
Income of Hawaii
OBE's regional income work also covers the Territory of
Hawaii. Total income payments in Hawaii amounted to
$856 million in 1953, 3 percent above the 1952 total of $828
millions. Per capita income payments in the Territory were
r
$1,676 in 1953, as compared with $1,650 in the previous
year. Hawaii's 1953 per capita figure was thus similar to
the national average; it was higher than that of 30 States,
and lower than that of 18 States and the District of
Columbia.. 1
Industrial Developments in 1953
In most regions, as noted, relative increases in total income
from 1952 to 1953 were quite similar. These, however, reflected a considerable cancelling of inter-State variations.
As many as 23 States fell outside the range of a 4-8 percent
1. Those figures extend on a summary basis estimates provided in In-come of Hawaii, a
recent supplement to the S U R V E Y OF CURRENT BUSINESS. Detailed estimates of Hawaii's
1953 income flow are available on request.
Undertaken at the request, of the Territory, the Hawaiian income study includes estimates
for the period 1939-52 of personal income (by type and by industry), disposable personal
income, employment, average annual earnings of employees, and total output.
With the accompanying detailed explanation of definitions and procedures, the report
constitutes a case study intended to aid all who are working in the field of regional marketing
and income studios.
August 1954
SURVEY OF CURRENT BUSINESS
increase—2 percentage points on either side of the nationwide average. Application of similar tests shows that the
State income changes last year were considerably less uniform
than in either of the two previous years. Further, there was
little tendency—except in New England and the Middle
East—for the individual States of a region to conform to
pattern.
This comparative irregularity in the movement of 1953
State incomes can be traced mainly to (1) the considerable
diversity that characterized developments by industry in the
national economy and (2) their differing impact because of
State-by-State dissimilarities in industrial structure. In
addition, of course, rates of change by industry differed
geographically but the influence of this factor appeared less
pervasive (see tables 2 and 3).
In most broad industrial sectors, incomes paid out to individuals in 1953 were 2 to 6 percent higher than in 1952.
By contrast, wages and salaries in manufacturing increased
11 percent and agricultural income dropped 12 percent.
Within these two basic industries, moreover, rates of change
varied widely by type of activity.
To explain differences among States in 1953 income
changes, attention thus must be focussed mainly on manufacturing and agriculture. In a number of States, however,
developments in other sectors—such as Government, mining,
and construction—had a particular, though localized, impact
on the flow of individual incomes.
Manufacturing expands in most States
The expansionary influence of the manufacturing industry
in 1953 was widespread geographically. In all regions and
in 43 States, factory payrolls increased relatively more than
total income from other sources.
For the country as a whole, payroll expansion differed
widely among manufacturing industries in 1953. The largest
gains occurred in the important transportation equipment
and electrical machinery groups. There were advances of
one-tenth in primary metals and fabricated metals, chemicals,
and instruments. In the lumber and textile industries payrolls in 1953 were unchanged from the previous year. Most
other major types of manufactures rose moderately.
Developments in the metals, electrical machinery, and
transportation equipment industries underlay the Central
region's first-ranking gain in manufacturing last year.
Michigan, Ohio, Indiana, and Missouri were among the top
nine States in factory payroll expansion. They were also the
only States in the Central region, however, where manufacturing outpaced the Nation. In these four States, the metals,
electrical machinery, and transportation equipment groups
together comprise from one-third to two-thirds of all manufacturing wages and salaries, and from 1952 to 1953 expanded
at above-average rates.
In 1953, the automotive industry expanded 25 percent.
This had particular impact on the Central region, where
four-fifths of motor vehicle production is concentrated.
Another special factor in the 1952-53 expansion of manufactures in t h a t region was t h a t payrolls in the primary and
fabricated metals industries had been affected appreciably
in 1952 by the 8-weeks' work stoppage in steel.
Kentucky, Tennessee. Louisiana, and Florida of the Southeast likewise were among the 9 States scoring the largest
relative gains in manufacturing last year. In significant
degree, these also stemmed from the metals, electrical
machinery, and transportation equipment industries. Although of generally lesser importance in the four Stales,
these industries expanded at unusually lar^e rates there from
1952 to 1953.
Chemical manufacturing is of considerable 4 importance in
each of these four Southeastern States. Whereas nationally
11
wages and salaries in this industry rose 10 percent from 1952
to 1953, increases in Kentucky, Tennessee, Louisiana, and
Florida ranged from 16 to 23 percent.
Textile and lumber unchanged
In some States, the smallness of increase in total factory
payrolls from 1952 to 1953 was due almost entirely to the
types of industries prevailing in them. As a major example,
payrolls in textile and lumber manufactures remained at
about the same level in 1953 as in 1952 in both the country
as a whole and in States where these industries are important.
This, then, is the key explanation of the relatively small
gains in total manufactures in Maine, New Hampshire,
Rhode Island, Alabama, Georgia, North Carolina, and South
Carolina. In each of these States textile payrolls comprise
from one-fifth to two-thirds of total wages and salaries in
manufacturing.
In Mississippi, Arkansas, Montana, Idaho, Washington,
and Oregon, where lumber makes up one-fourth to threefifths of all manufacturing, the small 1952-53 payroll changes
Table 2.—Major Sources of Income Payments in Each State and
Region: Selected Components as a Percent of Total Income, 1953
Manu- Trade
ConAgricul- Governfacturment
strucand
1
ing
income
tion
^f
service
pavpaypayincome '
come ] ments
'
rolls
rolls
State and region
Continental United States
New England
Connecticut
Maine
__.
Massachusetts
New Hampshire
Rhode Island
Vermont
Middle East
D el aw are
Dirtuct of Columbia
Mai. \land
Ve\\ Jerse\
Xew York
PeniLsx Ix ama
West Virginia
Southeast
U aba ma
\rkan°a«?
Floi ida
Ooor»ii
k(irucV\
Louisian v
Mississippi
\ - h l h C i olina
£outh Ca ilma
Tennessee
Virpni \
Southwest
Vri7on>
\e\\ M( \ico
Oklahonu
Texas
Centra'
nil ois
i
i
1
. \
|
_
|!
i
j
i
,
'
j
_
l
!
i
5.3
15. 9
25.7
26.0
4.0
1.4
13
1. 1
3.0
.8
23
.6
7.0
15.1
19.4
16. 8
14.9
17. 7
15.0
33. 4
40.5
27.4
30.8
31.9
34. 9
26.6
24.1
21.9
24.2
25. 1
25.3
23.8
25. 5
3.3
3^7
3.1
3.2
2 4
:f.ii
•2 A
o.
4
1.7
.1
27.7
35. 1
3.1
23.4
35.3
24.9
33. 0
22.2
27.3
19.4
27.2
26.4
24.5
30.7
24.1
22.1
3.6
4.9
3.1
5.1
3.9
3.1
4.0
3.4
1.5
.0
2.5
1.4
.8
1.4
2. 9
15.1
10.6
48.3
19.4
13.7
13. 8
13. 0
14.4
10. 1
9. 4
19.5
6. 8
9.3
10.4
7. 9
22.7
12.8
10.5
8. 5
5. 7
20.5
22.7
19.6
20.7
20.4
19.6
19.7
21.2
17 6
18.8
17.6
26. 0
18.6
21.5
12.7
8.1
20.5
16. 3
15.4
13.4
26. 1
25. 5
23. 6
18.1
25.6
24.5
25. 8
32. 4
2o. 9
24.3
25.0
24.0
23. 5
21.3
25.1
24.9
4.8
2.8
3.8
5. 7
3.3
7. 3
5. 8
2. 9
3. 1
8.8
5. 1
4.4
8.7
15.6
8.4
8.2
8. 0
19. 0
19.4
25. 1
22.8
17.6
12.5
7.6
6. 5
11.0
13.9
26.5
25. 6
24. 4
25.7
27. 0
4.4
6.2
5. 7
3.4
4. 3
5.3
4.5
6.3
6.3
5.0
5. 7
12.2
11.7
12.2
14.6
11. 1
14. (i
! 4. 5
24.2
25. 9
22 3
23. 8
22. J
26. 0
27. 9
23! 1
23. 9
3.8
4. 0
3. 5
2.4
3. 7
4.2
3. 2
4! 2
3. 8
>7
11.8
12. 1
33. 4
30. 7
37. 5
17. 1
44. 1
18.8
2:*. 5
37! 9
33. 0
1.2
3.9
4.0
9.8
Inuiana
Io\\a
Michigan
\ i ines >t i
Mis-oun
Ohio
\\ isconsm
7.2
21.9
2.2
11.5
7.8
3.0
7. 3
Nortl west
Colorado
Idaho
iVc1 is, s
M >nK a
\ebtaska
\ot f h Dakot i
south Dakot i
I * tab
\\ \ o . n m T
14. 6
7. 6
17.9
8. 5
21.3
19.4
28. 9
32.5
5. 2
12.4
18.5
21,7
17. 1
1 7. 3
1 6. 6
16.2
1 6. 4
18.3
23. (i
19. 1
11.5
11.5
11.2
18. 6
7.4
1 1. 0
2.3
4.5
11.3
6. 3
26.2
28. 1
25. 1
25~ ()
24. 7
2(;. 9
29. 1
25. 4
25. 3
25. 6
4.0
4.6
4. 7
4.0
4, 0
3.2
3. 6
3. 1
4.2
5. 1
4. 9
4.6
3.7
0.5
5. 6
18.8
18. 6
17.8
15.9
21.5
19. 4
1 9. 5
4.3
22.1
19. 1
2o 2
28~5
33. 'i
28. 0
26. 5
5.0
5. 0
9. 4
3.9
5. 0
Far West
Caliiormi
\e\adi
()ie°on
\\ a^hm°ton
Mining
payrolls
1
Fot definition, set to >tnotes to table 3.
source 1 T ^ D ^ p . tmerit ol Commerce, Office
.L
1
.3
.2
.3
2.9
17. I
1. 5
2.0
1.6
.0
.4
5. 2
4. 1
.6
.3
.2
.8
1.4
.9
.
.
2
.
.(
2
2.
2. ,
2. L
5. '
.i
i. :
l. (
7 ,
X.
.
4.
.2
.3
SUKVEY OF CURRENT BUSINESS
12
August 1954
Per Capita Income, 1953
$ 1,812
$1,749
$2,194
$ 2,095
$2,304
O.C.
$1,875 AND OVER
$1,575 TO $1,874
$ 1,275 TO $1,574
UNDER $1,275
UNITED STATES $ 1,709
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
in this industry dampened the increases in total manufacturing.
The Southwest also furnishes an example of the influence
of industrial structure on the overall change in manufacturing from 1952 to 1953. The five major types of manufactures which expanded most on a national basis are of considerably less than average importance in this region. Nonetheless, the rise in total factory payrolls in the Southwest
matched the nationwide rate. This reflected the fact that
in 15 of 20 manufacturing industries gains scored by the
Southwest were of above-average proportion. In itself,
this record is direct evidence of the continuing basic uptrend
of manufacturing activity in the region.
Farm income changes volatile
Farm income last year again proved the most volatile
source in the State income flows. In numerous instances,
rates of change were large and divergent. From 1952 to
1953, agricultural income declined in 37 States and rose in 11.
In 9 States, the decline was one-fourth or more. By contrast,
farm income advanced strongly in North Dakota and South
Dakota, where sharp downturns had occurred in 1952.
In the country as a whole, the sizable reduction in agricultural income from 1952 to 1953 reflected a decline of about
one-tenth in value of output, accentuated by the fact that
farmers' production expenses declined by a much smaller
percentage. The lower value of output stemmed almost
wholly from a decline in average prices received by farmers,
as the physical volume of farm production nearly equaled
the record year 1952. Prices of agricultural products de
54 - 29 -5
clined during 1952 and early 1953 following the post-Korean
upsurge which reached its high in 1951.
Livestock and livestock products were the major area of
decline in 1953. As a result, reductions in aggregate^ net
farm income were large in Colorado, Nebraska, Utah,
Wyoming, New Mexico, Texas, and Nevada. Income declines from livestock and products were important also in
Iowa, Montana, North Dakota, and South Dakota, but
were offset or overshadowed in these States by other developments.
Value of crop production was down moderately last year
on a national basis, but marked differences in individual crop
experience made for a varying impact on the individual
States. As usual, weather conditions—notably the 1953
summer drought—had more localized effects on State farm
incomes.
In most of the important corn-producing States of the
Central region, the value of the 1953 corn crop was moderately higher. In Iowa, however, it was 13 percent smaller
than in the previous year. In Nebraska the reduction was
one-fourth. Similarly, the value of wheat production was
little changed from the year before in Washington, rose
more than one-third in Montana, and was sharply curtailed
in Kansas, Oklahoma, and Nebraska. In Maine and
Idaho—because of drastic reductions in prices-—-the value of
the 1953 potato crop was less than half that of 1952.
By regions, the largest declines in farm income last year
occurred in the Southwest and Northwest. As noted earlier,
this was the principal factor limiting the rise of total income
in these areas.
With farm income showing small advances in Alabama,
SURVEY OF CURRENT BUSINESS
Table 3.—Percent Changes, 1952 to 1953, in Total Income
Payments and Selected Components, by States and Regions
Trade and service income 4
Manufacturing payrolls
Construction
payrolls
Private non- I
agricultural
income 3
|
Highlights of the influence of developments other than in
manufacturing and farming are summarized below.
Government.-—From 1952 to 1953, income from government—the total of all types of income disbursed directly to
individuals by Federal, State, and local governmental agencies and social insurance funds-—increased 5 percent on a
national basis. In broad outline, this reflected a rise of
about one-tenth in State and local governmental payrolls and
little change in Federal military and civilian payrolls.
Among regions, there was almost no variation as to rate of
increase in total income paid to individuals by government.
By States, there were significant differences, but these were
less disparate than in other recent years.
In every State where government income payments
advanced by 10 percent or more from 1952 to 1953, increases
in Federal payrolls for national defense activities provided
the primary impetus. On the other hand, in each of the 8
States where income from government advanced only slightly
or declined, reductions in Federal payrolls also were a major
influence. In West Virginia, Montana, and Oregon, there
was the additional special factor of a sharp drop in veterans'
bonus disbursements by the State Governments.
In summary, 1952-53 shifts in the State distribution of
income accounted for by government were comparatively
small.
Mining^—In. most important mining States, changes in
payroll disbursements by this industry in 1953 represented
an extension of the recent trend. The magnitude of change
last year, however, was generally much smaller.
The coal-producing States of West Virginia, Pennsylvania,
and Kentucky sustained continued declines in mining wages
and salaries in 1953. The impact was greatest in West
Virginia, where mining payrolls, accounting directly for onesixth of all income, declined 7 percent.
In the principal mining areas other than coal, payrolls
advanced further in 1953. In Louisiana, Arizona, New
Mexico, and Oklahoma, the rise amounted to 6 to 12 percent.
It approximated one-tenth in Colorado, Montana, Utah, and
Wyoming and exceeded one-fourth in Minnesota and
Nevada.
Contract construction.-—From 1952 to 1953, payroll changes
in the contract construction industry varied widely on a
State basis.
In a dozen States scattered throughout the Nation, wages
and salaries in contract construction showed a spurt ranging
from one-tenth to one-fourth. Particularly noteworthy was
Tennessee's advance of 26 percent (concentrated in the Oak
Ridge and TVA areas). This was a significant element in
the State's favorable income record.
Declines in construction activity appreciably retarded the
overall income flow in a number of States. Developments in
South Carolina and Kentucky, however, warrant special note.
Although construction payrolls last year fell off 18 percent in
South Carolina and 5 percent in Kentucky, the volume of
construction activity in these States remained unusually
high. In both, atomic energy projects had provided the
main impetus to recent spectacular expansions that left
construction payrolls in 1953 triple their 1950 volume in
Kentucky and four and one-half times as large in South
Carolina.
6
-12
7
5
7
6
11
4
2
New England
Connecticut
Maine
_
Massachusetts
New Hampshire
Rhode Island....
Vermont .
6
8
-12
-5
-40
-2
5
-8
-5
6
8
5
5
5
5
7
5
8
8
4
7
7
4
6
8
4
6
4
5
7
5
6
7
4
6
6
8
8
12
2
8
4
4
8
1
-1
19
1
2
1
10
10
9
-5
7
25
0
36
Middle East
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
West Virginia
6
7
4
6
7
6
6
1
— 12
— 11
6
8
4
7
6
8
3
7
7
6
4
5
10
3
6
7
5
5
6
10
9
5
12
8
10
11
9
5
3
-1
1
4
7
4
21
-4
0
6
6
2
5
10
4
4
11
4
4
— 10
5
5
0
11
6
4
6
2
4
2
8
2
-4
1
-9
4
11
-2
-7
-4
-7
—3
2
-22
6
6
3
11
6
5
7
4
6
2
8
4
5
6
8
12
2
4
3
4
7
1
6
-1
7
5
1
11
7
5
8
4
6
2
9
5
(>
7
3
11
6
7
6
1
6
5
5
6
10
10
8
13
8
15
13
10
6
8
13
1
-20
-19
18
13
-5
15
2
-2
18
26
—1
2
7
1
10
1
-3
12
10
10
-3
-6
-10
Southwest
ArizonaNew Mexico Oklahoma
Texas
3
5
5
4
3
-17
— 14
-30
-17
— 16
6
9
10
6
5
6
7
12
6
5
6
10
8
6
5
5
6
9
6
5
11
14
10
11
11
-3
18
7
0
-8
4
9
6
7
3
Central
_.
Illinois.
Indiana
Iowa Michigan-Minnesota
Missouri
Ohio
Wisconsin
7
6
9
—3
12
4
6
9
3
-13
-13
4
—24
— 14
-13
—7
-6
-20
9
7
9
5
13
7
7
10
5
5
2
5
8
3
5
6
8
3
9
7
10
4
15
7
7
10
5
7
6
6
4
10
6
5
8
4
13
11
15
5
20
10
13
13
6
7
7
-1
3
14
6
-1
8
8
7
-3
-3
-6
24
34
-4
2
9
0
2
—3
—3
3
—3
7
10
3
0
—20
—24
—21
—51
4
—28
14
26
—29
—27
5
5
3
7
2
5
5
4
6
5
6
5
5
13
1
3
2
5
6
4
5
5
2
5
3
6
5
4
6
5
5
6
7
6
4
4
5
3
6
7
8
9
0
8
7
9
3
3
11
12
-3
-8
-10
0
-12
12
0
7
-5
-9
6
7
11
1
7
7
33
19
9
10
6
7
9
1
5
— 12
— 14
—52
-12
4
7
8
14
2
5
5
6
13
2
5
8
9
15
2
5
6
7
16
4
4
10
12
12
0
7
9
12
20
-3
0
10
10
26
6
4
State and region
Continental United States
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
_.
Louisiana
Mississippi .
North Carolina
South Carolina
Tennessee
Virginia
Northwest
Colorado
Idaho
Kansas _
Montana
Nebraska .._
North Dakota
South Dakota
Utah
Wyoming
Far West California
Nevada _
Oregon
Washington.
.
3
5
5
5
6
__
-
_
. _
-_ _
_
___
-4
2
-20
-9
-19
d§
•P
&s
C3,— i
Cg
0 3
£^
Government
income payments 2
manufacturing
Agricultural
income *
Developments outside
and farming
Trade and Service.-—Income Irom trade and services
(wages and salaries plus proprietors' incomes) moved up in
most States last year at a rate similar to the nationwide
average of 6 percent. This broad source was a generally
bolstering influence in States where total income in 1953
increased at a below-average proportion or declined. In 25
of the 29 States in this category, individuals' incomes from
trade and service activities increased by a larger percentage
than total income.
Total income
payments
Florida, and Tennessee and a rise of one-tenth in Georgia,
the 1952-53 decline of farm income in the Southeast was
limited to 4 percent. This was the smallest decrease of any
region.
13
1tn
bffS
.B^
§
-2
10
12
-4
-7
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, 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.
14
SURVEY OF CURRENT BUSINESS
Regional Summaries
The foregoing section has dealt with the effect of selected
industrial developments on the 1953 geographic income
distribution. This section, through regional summaries,
focusses attention more directly on total and per capita
incomes.
Regional Changes in
Manufacturing Wage Earnings
May 1953 - May 1954
In general, the most pronounced declines in
factory wages occurred in regions where
manufacturing is most important
-5
-10
-15
-20
30
40
UNITED STATES
NEW ENGLAND
CENTRAL
MIDDLE EAST
SOUTHEAST
NORTHWEST
SOUTHWEST
FAR WEST
FACTORY PAYROLLS AS A PERCENT
OF TOTAL INCOME, 1953
0
10
20
UNITED STATES
MEW ENGLAND
II
CENTRAL
MIDDLE EAST
SOUTHEAST
NORTHWEST
FAR WEST
* Basic Data: B. L. S.
OF BUSINESS ECONOMICS. U. S. D. C.
54-29-6
Another objective here is to introduce summary facts about
regional changes since mid-1953 in factory wages and total
nonagricultural employment. In the absence of requisite
information for preparing State income estimates more
current than the year 1953, data from the Bureau of Labor
Statistics on manufacturing wages and nonagricultural employment furnish the basis for some evaluation of the impact
of the recent adjustment in business activity on the regional
economies.
Gains in total income and per capita income in New
England last year were similar to the nationwide average.
Only in Connecticut were the increases in these two measures
of above-average proportion.
Because of the comparative unimportance of agriculture
in New England, the region was affected very little by the
decline in farm income last year. On the other hand, manufacturing was less of an expansionary influence in this region,
in 1953 by reason of the types of manufactures located there.
In assessing the region's below-average gain in factory
payrolls from 1952 to 1953—8 percent versus 11 percent—
two facts are to be noted. The 5 manufacturing industries
which on a national basis showed largest payroll increases in
1953 account for 31 percent of total factory payrolls in New
England, as against 40 percent nationally. Moreover, New
England has relatively large amounts of the only two manufactures—textiles and lumber and wood products—in which
wages and salaries paid out in 1953 were either smaller or no
larger than in 1952.
In Connecticut, above-average expansion in individual
incomes last year stemmed primarily from a 12 percent rise
in factory payrolls. Large increases in its important transportation equipment and electrical machinery industries
were chiefly responsible.
Total factory wages—-the earnings of manufacturing
production workers—declined 16 percent in New England
from May 1953 to May 1954. This was the largest regional
decline, and was widespread throughout the area. It
stemmed from both lower employment and a shorter workweek, with somewhat higher hourly earnings providing a
partial offset.
Total nonagricultural employment other than manufacturing rose slightly or was stable in all New England States
over this interval. The region's showing in this regard was
somewhat better than that of any other region.
Middle East
SOUTHWEST
OFFICE
This adjustment, as described in the National Income and
Product Review in this issue, entailed a moderate decline in
the value of national output from mid-1953 through the
spring of 1954. The flow of individual incomes over this
interval was well maintained, with payroll declines centering
in manufacturing substantially offset by increases in other
sectors and by larger disbursements of dividends and transfer
payments.
As shown by the accompanying chart, the regions most
affected by the downturn in factory wages are also those in
which manufacturing is of the largest relative importance.
This concurrence points to New England and the Central
States as the regions where the impact of the recent business
adjustment was most pronounced.
New England
PERCENT DECREASE IN
PRODUCTION WORKERS* EARNINGS FROM
MAY 1953 - MAY 1954*
0
August 1954
The Middle Eastern States received $73 billion in individual incomes in 1953, or 27 percent of the national total,
with New York, Pennsylvania, and New Jersey alone accounting for more than four-fifths of the regional income total.
Income developments in this area last year may best be
described as "average". In 8 of the 9 income measures—
aggregates and principal components—shown in table 3, the
1952-53 relative changes recorded for the Middle East
equaled those for the Nation or differed by only one percentage point.
In five of the Middle Eastern States, moreover, changes in
income payments last year were closely similar. Only in
West Virginia and the District of Columbia did developments
differ significantly from the average.
SURVEY OF CURRENT BUSINESS
August 1954
West Virginia's income in 1953 was up only slightly from
the previous year. The principal retarding factors, as noted
earlier, are (1) payment in 1952 of the bulk of State's veteran's bonus, and (2) a further decline in mining payrolls.
In the District of Columbia, the rise of 4 percent in total
income from 1952 to 1953 reflects small advances in Federal
payrolls and in trade and service income.
Over the May 1953-May 1954 interval, factory wages in
the Middle East declined about 12 percent and rionagricultural employment in industries other than manufacturing was
down about \% percent in the aggregate. These developments were only a little less favorable than those on a national scale.
Southeast
In 1953, the income experiences of two groups of States in
the Southeast can be distinguished.
In Florida, Tennessee, Georgia, Louisiana, and Alabama,
15
increases in total income from 1952 to 1953 approximated or
exceeded the national average. Income from nearly all
major sources increased at above-average rates in each of
these States. Florida and Tennessee were among the 8
States with largest gains in total and per capita income last
year.
On the other hand, in the remaining States of the region
income advances were smaller than in the country as a whole.
In each, farm income in 1953 was lower than in the previous
year and nonfarm income rose at a less-than-average rate.
In conformity with the long-run trend for this area, aggregate income in the Southeast has risen at a faster nito since
1950 than in the country as a whole. Although most of the
region's relative growth was in its nopfarm sector, farm income also contributed. Only in the Southeast was income
from agriculture larger in 1953 than in 1950,
The region's better-t ban-average income growth over the
3-year span was the product of relative gains in nearly all
major income sources except manufacturing. From 1950 to
Table 4.—Total and Per Capita Income Payments to Individuals, 1 by Stales and Regions, Selected Years, 1929-53
Total income
3
Per capita income ;) (dollars)
(millions of dollars)
State and region
1929 I 1939
:
1944 I 1950 I
1951 I 1952 ;
1953 | 1929 | 1939
1940 | 1.941
1950 \ 1951 ; 1952 j 1953
1942 ! 1943 j 1944 | 1945 [ 1946 | 1947 ; 1948 j 1949
82,617 70,601 75,852jl53,306i217,828j242,529J256,091|270,577J
680J
539! 575J
693! 875 1,057! 1,159| 1,191:1,211 1,292 1,383 1,324 1,440 1,581! 1,644 1,709
6,792 5,729 6,124! 10,707| 14,537| 15,9831 16,707j 17,686
New England,
2,697 3, 5981 4,092i 4,393 i 4,744
Connecticut
1,459 1, 301
Maine 2 _____________ ______________
881 1,067! 1,1(59! 1,2501 1,287
400
43 li
5,438 7,535' 8,173! 8,421' 8,880
3, 787J 3, 106
Massachusetts _______________________
[
New Hampshire 2 _________________
2681
269
427
682^
752,
781
818;
3021
961 1,217! 1, 3 lf>
480!
511i
Khode Island ______ ._. ______________ !
,579,
1, 362
216!
303
174'
187!
438
500
Vermont ________________ ____________ '
838 i
918;
566
897|
f,52j
851
601
680!
764!
474 i
719i
548|
f)7S|
483,
1,046 1,219 ., 291'l,309jl,336j 1,400 1,461 1,416:1,558j 1,694' 1,763! 1,824
052 1, ::02 1, 473 , 5 1 8 j 1,47611,475! 1,591
579:1,7822,0052,071 2, 194
'(58 1,010, ,038J 1,040 1,084)1, 135; 1,196 121,1, 15111,257 1.358 1,369
1,03111,206'
'1.334! 1,369 1,409 1. 482 456 1,603 1, 703,1,772 1,812
1,093 1. 137 1, 205 1, 246 197] 1, 308 1, 475 1, 555 1, (520
891 1,099 1,214, ,313! 1,301'1.314,1,396 1, 452 390 1,542 1,672' 1.6M1 1,749
629! 741! 887\ 965 1,054 1,085'!. 138 1, 195 106 1, 159 1, 286; 1, 3'!2 1, 401
Continental United States
Middle East,.
__
Delaware
District of Columbia 2
Maryland 2
Xew Jersey 2
Xew York 2
Pennsylvania
.
West Virginia
127,840!22,783124,319; 42, 431
218'
203 239;
i 638! 813; 9051
! 1, 1061! 1,074' 1,222!
__l 3. 268 2,859! 3,138'
; 14, 479' 11, 301111, 830! 19, 506 j 28, 381 30, 4751 31, 681.
' 7,338' 5,819! 6,225! 11,208 16, 1841 17,542' 18,310,
793,
714; 700 1,381 2,115! 2,340 2,414-
111
515|
i
73,230| 926 709! 7521 871; 1,042,1,237 ,364 1,42411,452 i 1,510 1,593
825,
919! 7711 888,1, O l l j 1, 176il, 362 414 1,39511,440; 1.538 1,635
2, 507; 1, 191| 1,03111, 07411.0S8 1, 174'1,271 327! 1, 384jl, 447i 1,526 1.676
4, 102! 703| 634
845!1, 081'1,245, 2SO11, 277i 1,288,1,355'1,442
10, 153, 947; 746
90711, 10111,3211 44711, 454'1, 455 1.517 1,573
33, 489 1, 125J 825
995! 1, 168 1.374 53611,644'1,685'1,720 1,796
747i 909! 1,099 215'1,252'1,274 1,344 1,431
19.419: 7(>7i 589,
2,435: 404! 378;
809! 877! 897 1,004 1,103,
480! 597; 720!
540 1,689,1,829 1,8921,984
696 1,9562, 1922, 207 2, 304
797! I, 991 2,136 2,1352, 109
414 1,559 1,722 1,714,1,857
536 1,710 1.890 1,975 2,095
724; 1, 875 2, 003! 2, 062] 2, 158
382'1,537 1,6(53 1, 734' 1,822
007,1,053,1, 185 1,233,1,257
Southeast
__
Alabama
_.
Arkansas
Florida „„.
Georgia
Kentucky ..
Louisiana
Mississippi..
North Carolina- .
South Carolina..
Tennessee. ... _
Virginia 3. _ .
959 1,071 1,12711,159
844, 942 999,'1,043
823' 924! 967 939
, 211' 1.29S 1,335 1,368
969 l,10i:i, 139 1. 181
909; 1,074 1, 125'1, 167
052 1,131'1,23011, 219
702 7751 8261 834
947i 1,043,!, 058! 1,097
833! 983'1.088'1,095
969 j 1,06911, 127|J, 186
144! 1,2 73 1,338; 1,361
Southwest
Arizona. . .
Xew Mexico
Oklahoma
Tex;
Central
Illinois
Indiana
Iowa
Michigan.
Minnesota..
Missouri. _ _
Ohio
Wisconsin ^
24,22620,090121,664
7,036 5.285! 5.740!
.
_.
Northwest
Colorado.
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
T T tah
Wyoming..
Far West
California
Neva(Ia___
Oregon
Washington
3,543
1,443!
.2,210s
...
i 4,9201
| 1,819
3,054j
1,378;
1,832,
,_
4,154!
1,514!
3,099!
5631
213!
692 i
288 j
523!
209 i
227
243
141!
3. 4251
1.424
1,914
_, _ _
4,448
1,021
62,294 i
15,400
5,780!
3,725|
10, 242 i
3,995
5,5701
12, 620
4,962
7,631 10,993
1, 157 1, 840
742
537
1,987 2, 577
558
928
1,343 1, 964
561
788
572
835
644
880
439
15,942 17,079 17,656;
1,145! 1,3()8| 1.370;
916! 975: 1,021;
2. 9861
12,279
949! 961 951 1,072! 1,131 1,174 1,223 1,347 1, 422 1,443
972 1.022 1,032,1,110 1,206'1,171:1, 235 1,438 1,503 1,473
860 8581 95911, 025 1, 054 1, 133,1, 288'1, 327 1, 347
9081 899 i 999 1,101 1. 086 1, 07611, 196 : 1, 293 1, 327
966,1, 098 1, 141,1, 20S;i, 27211, 386,1, 4')7| 1, 4«0
73,291; 78,416
18, 800
6'986I 7, 584
4,094! 3, 954
13,723
4. 724
6, 768
16,840
(i. 02:5
743 929! 1,131 1,212!1,25l!l, 281 il, 371 1,510:1,409! 1,551}!, 718 1,782} 1,884
862 1. 026,1. 221 1, 335 j 1, 42511, 4SO 1, 59511, 751; 1, (122 1, 760; 4, 929,1, 9SS 2, ()S8
887 : 1,092,1, 15411,2024, 162! 1,266'1.393'1,29511,45s 1 1,637! I, 66811,834
8'2f)i 1, 02411, 01111, 065 1, 20M 1, 153 !, 494' 1, 281 1 1, 413>1,
516' 1, 573! 1, 51S
1
996 1,28111,331 1,262 ,274,1,407 1 , 4 7 2 , 1 , 4 1 4 1, 594 !, 7484, 830:2, 003
. 151; 1. 224! 1. 351,1, 238 1, 333'1. 469 1, 502'1,547
., 158|1, 193,1, 354!l, 300 1, 406 1, 533; 1, 610 1, 652
811 1,008.1,22611.294 1. 319
... ^,29l'l,396|l.526:1,425'!,581 1,796 1,872'2,012
78 , 205.1. 303!1, 394! 1. 318 1, 440 1. 627 i 1, 676' 1, 712
844 1,004,1, 123; 1,178
12,684
2, 315!
874 i
3,211! 3,110
1, 009! 1,037
2, 1321 2, 065
804
750J
895
8111
1,108
1,075;
505
616
518,
532
602!
,998! 6,730! 7,431 18,864 25,120 28,379 30,873! 32,729
5, 217i 5,047! 5,606' 13.739! 18, 621! 21,214; 23,257' 24, 8561
74!
84;
92!
213! 303! 353!
412! 4481 817
603i
587j
633j 1,672! 2, 321! 2, 5951 2,746! 2, 7621 6401
1,104j 1,012| 1, 100| 3, 240! 3, 875| 4, 217| 4,458! 4. 6631 713'
1
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 arid
i
807,
814|
583:
632
j
i
:
I
i
313 1, 385 1, 242 1, 3701,498 1,541 1,535
314 1, 371 1, 311 1. 380 1,558 1,630 1,675
285 1. 312 1, 237 1. 260 1,374 1.484 1,411
295 1, 258 1, 180 1, 340 1, 152 1,629 1,550
501 1, 620 1, 313 1, 568 1 , 738 1 , 690 1 , 689
228 1, 459 1, 275 1, 478 1, 508 1,5S4:1, 533
514 1, 467 1, 159 1, 269 1,365 1,244 1,295
280 1, 531 1. 151 1. 275 1, 172 1,229 1,362
193 1, 231 1. 210 1. 274 1,439 4,459 1,510
450 1, 520 1. 473 1, 509 1,729 1,657,1,650
383! 423
515 575
397 432
370
378
767
544
588;
i
927
973
892
769
839
1, 192
1, 209
1, 504
1, 085
1,167
1,443
1, 4(53
1, 424
1, 310
1, 442
1,532
1, 556
1, 365
1, 353
1, 549
1,471 '1,506 1,594
1, 507 1, 5(59 1, 632
1, 473 1, (537 1, 711
1, 327 1, 321 1, 469
1, 405 1, 339 1, 496
1,650
1, 683
1, 718
1, 530
1. 571
1,594
1, 628
1, 694
1, 451
1, 524
1,711 1,870 1,928
1, 755 1, 922'1, 978
1, 894 2, 114 2, 227
1, 515 1, 671 1, 712
1, 630 1, 742 1, 810
1,9X6
2, 039
2, 175
1, 721
1, 882
methods used in preparing the estimates, see the "Technical Notes" section of the article in
the August 1950 issue of the SURVEY OF CURRENT BUSINESS.
2. See footnote 2, table 5.
3. Estimates for other years of the period 1929-53 are published in the August 1953 issue of
the SURVEY OF CURRENT BUSINESS.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
16
August 1954
Table 5.—State Income Payments, by Type of Payment, 1951-53 ]
[Mi!:.icns of dollars!
1951 j 1952 |
State
242, 529 256, 091
United States, total
Wages and salaries
Proprietors' income
Property income
Other income
Ifi2, 553 175. 484
40, 379 3.1, 003
25, 7SO 26, 919
13, 807 14,685
1953 !
270, 577
188,383
38, 086
28 360
15.748
State
1951
3,397
9 91?
560
289
311
562
301
317
3.602
2. 405
555
318
324
Ohir, total
Wages and salaries
Proprietors' income . . _ _
Property income
Other income
1,169
784
147
156
82
1 , 250
835
170
159
86
1.287
'875
148
165
99
3, 867
2,696
559
434
178
4,144
2,932
564
458
190
4,402
3, 129
581
483
209
8 173
5 876
707
1.031
559
8.421
6. 092
668
1,061
600
Michigan tota1
11.438
Wages and salaries
8, 560
Proprietors' income
1.297
Property incora^
1, 056
Other income
525
Minnesota, total
4, 411
Wages and salaries
2. 591
Proprietors' income
1.130
Property income
442
248
Other income
Mississinpi, total
1,688
Wages and salaries .
...
824
Proprietors' income
567
Property income
126
Other income
171
Missouri, total
6,140
Wa?es and salaries
_,
3. 888
Proprietors' income
1 , 254
Property income
597
Other income
401
Montana, total.
.
... 1,022
Wages and salaries
._
526
Proprietors' income
362
Property income
83
Other income
51
Nebraska, total
2,030
12 206
9. 246
1, 274
1,110
576
3. 0^7
1.991
617
215
261
3 24*
2. 112
' 630
225
281
Main", total? ...
Wasres and salaries
Prmrietors' income
Pronertv income
Other income
__ _
Arizona, total
_ _ __
Wages and salaries
Proprietors' income
Property income
Other income
_ _ _ _ _ _ _
1, 145
672
297
106
70
1, 308
809
306
118
1,370
879
M-irvland, total 2
Wages and salaries
Proprietors' income
Property income
Other income
._ _.
Arkansas total
Wages and salaries
Proprietors' income
Property income
Other in 20 me
_
1 7.K3
888
588
1, 78 *
949
58f»
lift
160
1,793
975
524
120
174
23, 257
15, 838
3, 491
2 578
1, 350
2, 315
1, 454
437
265
159
4, 393
3, 193
384
632
184
768
526
85
128
29
24. 856
17,177
3. 447
2 78^
l] 447
2, 367
1, 517
395
280
175
4,744
3, 484
387
674
199
825
571
86
135
33
2,416
1,922
138
240
116
4, 137
2 605
718
529
285
3, 907
2 710
679
336
272
874
505
242
75
52
17, 771
12, 583
2, 348
2,071
769
6, 986
4, 830
1.221
571
364
4,094
2,003
1, 452
436
203
2, 507
1,988
139
254
126
4, 586
2,901
780
576
329
4, 245
2,862
734
357
292
851
514
204
78
55
18, 800
13, 498
2, 312
2,169
821
7, 584
5, 341
1,268
601
374
3 954
2,C99
1, 191
441
223
3.211
1,899
841
320
151
3, 316
2, 138
685
244
249
3,110
2,020
600
315
175
3, 460
2,241
691
254
274
m
21 214
California total
14, 036
Wages and salaries
Proprietors' income . _ _ _ .. 3.494
2 4°1
Property income
1 263
Other income
2, 139
Colorado, total
1.303
Wages and salaries
435
Proprietors' income
247
Property income
154
Other income
4,092
Connecticut, total
2
944
Wages and salaries ... - - - _ 373
Proprietors' income
601
Property income _
.._
174
Other income
710
Delaware, total
481
Wages an d salaries
92
Proprietors' income
Other income
District of Columbia, total 2
Wages and salaries
Proprietors' income
Property income
Other income
Florida total
Wages and salaries
Proprietors' income
j rojeii^
ou
c
Georgia, total
Wages and salaries
Proprietors' income
Property income
Other income
_
Idaho, total
Waeres and salaries __
Property income
Other income
Illinois total
Wages and salaries
Proprietors' income
Property income
Other income
Indiana, total
W acres and salaries
Proprietors' income
Property income
Other income..
Iowa total
Wages and salaries
Proprietors' income
Property income
Other income
Kansas, total
Wages and salaries
Proprietor's income
Property income
Other income
Kentucky, total
Wages and salaries
Proprietors' income
Property income Other income
_ _ _ _ _
_
_ _
120
26
2, 305
1, 822
136
230
117
3,789
2,294
732
489
274
3, 842
2 478
771
326
267
808
470
219
72
47
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
. . ..
...
Massachusetts total
Wages and salaries
Proprietors' income
Property income
Other income.. . _ . . . _ . _ .
Proprietors' income
nth •
"
Nevada, total
..
Wages and salaries
Proprietors' income-.. _
Property income
Other income.. _ ___ _ ... ...
New Hampshire, total 2
Wasres and salaries ... _.
Property income
_ _ _ _.
Other income. _ .
New Jersey, total 2
Wages and salaries
Proprietors' income
Property income
Other income
New Mexico, total
Wages and salaries
Proprietors' income
Property income
Other income.
New York, total 2
Wages and salaries . . .
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; for the years 1948-49 in the August 1952 issue of the SURVEY; and for
1950 in the August 1953 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 Maiyland, 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 of Columbia, 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
_
1.020
702
215
93
353
217
74
46
16
752
505
90
108
49
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
4. 524
2, 775
1. 030
457
262
1,781
877
RIO
131
163
6. 406
4, 230
1,147
6*2
417
1,009
571
284
85
69
2 132
li090
715
231
96
412
263
80
51
18
781
531
88
110
52
9. 457
7 032
1,003
9^2
470
975
609
211
96
59
31,681
22, 316
3, 289
4,334
1.742
4,404
2,872
925
352
255
750
378
267
62
43
:
State
3,138
1,978
2,924
1.824
631
209
260
163
1953
Louisiana,1 total. . .
_
Wages and sal Tries
Proprietors' ineom?- ._ .. _ .
Property in.^om^
Other income
_ _ _ _ _ _
Alabama, total
__
Wages and salaries
Proprietors' income
Property income
Other income
_ _
130
86
1952
1951 ; 1952
15.443
11 24 '3
1 783
1.450
681
1 898
1,518
754
16. 840
12 536
1.873
1. 61 1
820
Oklahoma, total
Wages and salaries
Proprietor^'
income
Prop a rty income
Other income
2,692
1. 576
598
280
238
2. 880
1^755
583
290
252
2,986
1,881
549
300
276
Oregon, to x al
Wacres and salaries
Proprietors' income
Property in°ome
Other income
2. n95
1.722
488
239
146
2, 746
1,824
467
255
200
2. 762
1, 857
450
289
186
8.880
6. 446
676
1. 125
633
Pennsylvania, total
Wages and s«larie^
Proprietors' income
Property income
Other income
. 17, 542
12 561
2,140
1. 852
989
18,310
13, 262
2,098
1. 905
1, 045
19.419
14.212
2. 110
1. 998
1,099*
13,723
10.635
1.311
1,184
593
4.724
2 986
973
480
285
1,821
918
591
136
176
6, 768
4, 538
1,128
640
462
1,037
587
295
92
63
2, 065
1,147
583
°32
103
448
301
70
56
21
818
557
90
114
57
10, 153
7 574
1.047
1.002
530
1. 021
668
187
100
66
33. 489
23, 776
3, 302
4,544
1,867
4,599
3, 053
901
362
2*.
-804
395
299
64
46
Rhode Island total
Wages and salaries
Proprietors' income
1,316
947
118
150
101
1, 362
988
116
155
103
1,429
1, 040
119
162
108
South Carolina, total
Wages and salaries
Proprietors' income
Property in come
Other income
2, 128
1.408
418
148
154
2. 365
1,667
392
153
153
2, 403
1,694
386
181
182
South Dakota total
"Wages and salaries
Proprietors' income
Property income
Other income
964
367
490
65
42
811
387
311
67
46
895
403
373
70
49
3. 536
2, 254
724
291
267
3. 658
2, 410
687
297
264
3, 948
2, 630
726
310
282
11.189
7. 021
2 500
1,036
632
11,916
7. 831
9 "^41
1.099
645
12, 279
8, 233
2, 135
1,155
706
1.019
679
199
81
60
1,075
741
186
86
62
1,108
784
164
92
68
481
314
77
60
30
500
332
73
61
34
528
355
73
64
36
4 073
2, 858
673
338
204
4 340
3, 106
681
353
990
4, 413
3, 194
611
369
239
4, 217
2,884 i
672
394
267
4, 458
3,077
690
413
278
4, 663
3. 216
705
436
306
Wages and salaries
Proprietors' income
Property income
Other income
1, 692
314
174
160
1,702
304
178
230
2, 435
1, 751
302
184
198
Wisconsin, total
Wages and salaries
Proprietors' income
Property income
Other income
5, 838
3, 682
1,108
592
256
5. 881
3, 90S
1. 062
609
282
6, 023
4,107
967
641
308
Wyoming, total
Wages and salaries
Proprietors' income
Property income
Other income
510
301
145
42
22
507
327
113
44
23
505
341
93
47
24
l
-
14.511
10 5P7
1953
Other income
.
Waees and salaries. _.
Proprietors' income
Property income
Other income
Texas total
"Wages andr salaries
Proprieto s' income
Property income
Other income . _ .
I
Utah. to*.al..
Wages and salaries
Proprietors' income . _
Property income
Other income
Vermontp total
Wap es and salaries
Proprietors' income
Other income
Virginia, total 2
Wag?s and salaries .
!
Proprietors' income
Property income
Other income
Washington, total . .
Wages and salaries
Proprietors' income
Property income
Other income
. .
!
i
!
i
employed in New Jersey. Similarly, estimates for Maine include income paid to residents of
New Hampshire employed in Maine. En 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 1953: District of Columbia, -733; Maryland, +317; Virginia, +416; New York, -618;
New Jersey, +618; Maine, —36; New Hampshire, +36. 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.
liust 1954
SURVEY OF CURRENT BUSINESS
1953 factory payrolls increased two-fifths on a national basis
as compared with one-third in the Southeast.
Chiefly because the Southeast is less "industrialized," the
downturn in manufacturing over the past year has had a
smaller effect on the flow of individual incomes there than
in the country as a whole. In addition, the relative decline
in factory wages from May 1953 to May 1954 was of smaller
proportion than in the Nation generally.
Southwest
Relative increases from 1952 to 1953 in both total and
per capita income were below average in the Southwest.
The drop in agricultural income was more pronounced in
the four Southwestern States t h a n in the country as a whole.
This was a dominant development in the region's economy
in 1953.
In nonfarm income, the advances from 1952 to 1953
scored by Arizona and New Mexico were among the largest
in the Nation. In Texas, the rise in total nonfarm income
was limited principally by a drop in construction payrolls.
Nonagricultural income in Oklahoma rose at nearly the
nationwide rate as a larger volume of income from government and an increase in mining wages and salaries made up
for the fact that construction payrolls were no larger in 1953
than in 1952.
The income experience of the Southwest last year is in
contrast to its long-run tendency to receive an increasing
share of the Nation's income. However, the sharp fluctuations in farm income occurring in this region in each of the
past several years have tended to dominate changes in total
income and obscure basic developments in the nonfarm
sector.
From 1950 to 1953, total income in the Southwest increased 26 percent—only slightly more than the rise of 24
percent occurring nationally. That the increase in total
income in the Southwest was no larger is attributable to the
decline in farm income over this period. Nonfarm income
in the Southwest was up one-third from 1950 to 1953—a
rate of increase matched only in the Far West.
Central
Individual incomes in the Central region in 1953 exceeded
$78 billion—an increase of 7 percent from 1952.
Income gains in Michigan, Indiana, and Ohio were among
the largest in the Nation. In Michigan and Ohio the increase
was widespread by industry; in Indiana it centered in manufacturing. Developments in Iowa, Minnesota, and Wisconsin were less favorable chiefly because of declines in
agriculture.
The record of the Central States in 1953 was typical of
short-term changes in this area. These generally have
shown significant variation because of the widely different
emphasis within the region placed upon agriculture and
manufacturing.
Over the longer run, however, the, Central States have
exhibited the composite tendency to receive an approximately
constant share of the Nation's total income. In peacetime
years of high-level activity since 1929, the region has accounted for 28-29 percent of all income. Over this span,
moreover, its per capita income has moved closely with the
national average. It has tended to run 6 to 8 percent above
that average, with the percentage rising to 10 in 1953.
From the chart, it is evident that the decline of factory
wages over the past year had a considerably above-average
effect on income in the Central region. In all five "industrialized" States of the area—Michigan, Indiana, Ohio,
Illinois, and Wisconsin,—relative declines were larger than on
a national scale. Factory payrolls in these States, moreover,
make up as much as one-third to two-fifths of all income.
309117°
54 —3
Northwest
Aggregate individual incomes in the Northwest last year
were only slightly above 1952, with farm income down on the
average by one-fifth. All States except North Dakota and
South Dakota shared in the region's below-average experience. In the two Dakotas sharp increases in farm income
pushed total income up from 1952 to 1953 at better-thauaverage rates.
Income movements among States of the Northwest arc
typically volatile. The overshadowing force in recent years,
however, has been the pervasiveness of the falling away of
farm income from the post-Korean peaks. In nearly every
State of the region, farm income-, in 1953 was one-fourth to
one-third below the peaks established generally in 1950
or 1951. With agriculture three times more important an
income source in the Northwest than in the Nation, these
substantially larger-than-average declines in farm income
had an unusually import-ant effect. The overall income rise
in the Northwest in the past fYuv years has been less than in
any other region.
Associated with the recent changes in farm income in the
Northwest were less-than-average gains in nonfarm income.
In the six most agricultural States nonfarm income rose 20
percent from 1950 to 1953, as against 27 percent in the
country as a whole. Particularly noticeable was the relative lag in such secondary industries as trade and service.
On the other hand, in Kansas, Colorado, and Utah the
rise in nonfarm income was more than average. In Colorado
and Utah, farm income is only half as important an income
source as in the region generally. In Kansas, the near doubling of factory payrolls, under the impetus of the tremendous
growth of the State's aircraft production industry, was the
primary factor.
Far West
Income expansion in the Far West from 1952 to 1953 WHS
of average proportion. Relative increases in the individual
States, however, were appreciably different.
In California and Nevada, sizable gains in most major
income sources contributed to above-average rises in. aggregate income. Particularly important was the 18-percent
expansion in California's transportation equipment industry
and Nevada's upsurge of 16 percent in its trade and service
industry.
The below-average income gain in Washington stemmed
from relatively small increases in factory payrolls and trade
and service income. The smallness of Oregon's 1952-53
income advance reflects declines in income from agriculture,
government, and construction, and the fact that manufacturing wages and salaries in the State were no larger in
1953 than in" 1952.
From 1950 to 1953, the income rise in the Far West was
the largest of any region as above-average gains characterized nearly all income flows. Particularly impressive
was the advance of three-fifths in factory payrolls-—an
increase half again as large as that for the Nation.
The 1950-53 income experience of the Far West was thus
in line with the region's long-run uptrend. In 1929, the Far
West received 8/2 percent of all individual incomes. In
1953, it received 12 percent—a gain of more than twofifths. Every State in the region shared in this relative
grow tli.
From May 1953 to May 1954, factory wages were better
maintained in the Far West than in any other region. The
small reduction shown in the chart stemmed from some
decline in employment partially offset by higher average
w e ekly earnirigs.
by L. Jay Atkinson and Carl Jones
Farm Income and Gross National
Product
Part I—Recent Trends
AKM production has continued at a high rate in 1954.
Livestock and livestock products marketings in the first
half of the year ran ahead of the corresponding period in
1953 and there were indications of further expansion in
livestock production. Crop marketings in the first half of
1954 were about as large as a year earlier. The acreage of
crops planted or growing this year is the same as last as
approximately 20 million acres taken out of wheat and cotton production were diverted to other crops not under
marketing quotas. Prolonged drought brought crop deterioration during July. Prospects in early August were for a
somewhat smaller harvest than in 1953.
Domestic demand for farm products has been strong over
the war and postwar period. The expansion in output in
the past 3 years, however, lias exceeded demands and has
resulted in larger carryover of stocks. The large supplies
have been accompanied by a drop in faun prices from the
peak reached in the 1950-51 rise. Support extended by the
Commodity Credit Corporation rose to $4 billion for the
1953 crops. During this period export demand declined
from the high point reached in 1951. Farm product exports
were $4 billion in 1951 , $3.4 billion in 1952, and $2.8 billion
in 1953. In recent months there has been some pickup in
exports, principally cotton.
Processing and marketing costs have increased somewhat
during the past 3 years so that consumer prices for food and
apparel have eased only slightly.
The general course of farm prices has been downward
during this period, though there have been considerable
intervals in which they have shown little overall change.
In the latter part of 1953 and in the first few months of 1954
farm prices were largely stable. Some f u r t h e r decline in
farm prices developed in the second quarter.
Cash farm receipts were 2 percent below a year ago in the
first half. As shown in the accompanying chart, gross farm
income in 1953 was down about $4 billion or 10 percent from
the high reached in the upsurge of 1951 which carried gross
income to a peak of $38 billion. As production expenses
have remained relatively firm, net farm income also declined
about $4 billion from 1951 to 1953, or a shrinkage of nearly
one-fourth. In the first half of 1954, net income was down
a little from a year earlier.
Support operations
Government loans and purchases for price support purposes on 1954 crops will be down from the high volume of
the past year. Of the $4 billion total price support extended
on 1953 crops (through May 1954) wheat and cotton each
accounted for more than $1 billion. With marketing quotas
in effect for the 1954 crop, acreages of each of these crops
were reduced about one-fifth from 1953. Wheat yield per
NOTE.—MR. ATKINSON" IS A M E M B E R OF THE C U R R E N T BUSINESS
ANALYSIS DIVISION AND MR. J O N E S IS A M E M B E R OF THE N A T I O N A L
ECONOMICS DIVISION, O F F I C E OF BUSINESS ECONOMICS.
acre is estimated to be only a little higher than last year, so
that estimated production is down about 15 percent. This
decrease is equal to about one-third of the amount put under
price support from the 1953 crop.
The 1954 wheat crop exceeds anticipated domestic use
and probable exports. Domestic disappearance for the
Farm Income Trends
BILLIONS OF DOLLARS
GROSS FARM
INCOME PLUS
INVENTORY
CHANGE
1945
1946
1947
1948
OFFICE OF BUS/NESS ECONOMICS. U. S. D. C.
1949
I960
1951
1952
1953
54 -29-8
1954-55 marketing year is estimated by the Department of
Agriculture at 660 million bushels. If exports are about the
same as in the past year, 215 million bushels, the indicated
carry-over July 1, 1955, would be approximately 1 billion
bushels, which is slightly larger than at the beginning of the
year and about equal to the 1954 crop.
The Secretary of Agriculture has announced a national
marketing quota for the 1955 wheat crop which has been
approved by the required two-thirds of eligible farmers
voting. The acreage allotment is 55 million acres, the
minimum permissible under current legislation. This is 7
million acres smaller than the allotment for the 1954 crop.
In view of the general diversion of acreage from wheat to
other crops, some of which are in actual or potential surplus
supply, new restrictions have been announced for the control
August 19f>4
of diverted acres. Producers will be required to comply
with all acreage allotments established for 1955 in order to
be eligible for price support on any crop produced. In
addition to the cross-compliance provision for allotment
crops, farmers who have more than 10 acres to be diverted
from allotment crops will be required to stay within a "total
acreage allotment." This provision means that a farmer
must plant no more in 1955 than in 1953 of nonallotment
crops other than hay and related uses. In other words, the
reduction in allotment crops must be a net reduction from
1953 acreage for all crops to be harvested except hay. These
requirements supersede the looser controls of 1954 under
which farmers did reduce acreage of wheat and cotton but
planted correspondingly more of other crops for harvest.
Cotton production was estimated on August 9 at 12.7
million bales. This is a reduction of about 3.8 million bales,
or over one-half of the total quantity pledged for price support from the 1953 crop, and three-fourths of the net amount
pledged. Estimated production is slightly larger than disappearance in the year ended August 1, 1954, but somewhat
below estimated requirements for the year ahead.
Corn was the third crop in terms of support activity for
the 1953 crop, but support activity needed for the new crop
will be much reduced. Though the acreage planted was the
same in 1954 as the year before, dry weather in July brought
a sharp cut in yield prospects. With a large carryover of
corn and abundant production of other feed grains, the feed
concentrate supply prospect per animal unit is about average. Some increase in concentrate feeding may be made as
a substitute for hay and pasture, both of which suffered from
the summer drought.
For most other crops, indicated production in 1954 was
higher than in 1953, and many of the storable crops had price
support programs. The latter include feed grains other than
corn, soybeans, flaxseed, and rice, all of which expanded
acreage and prospective production in 1954. In the past
year, however, all of these products together constituted less
than one-sixth of total price support activity.
For livestock and products output as a whole, the upward
trend of the past few years is extended into 1954 as the
rising segments continue to expand and those previously
contracting turn upward. The rise in 1953 was mainly
attributable to steppecl-up cattle marketing, but dairy production was also expanding. Further increases in marketings of each of these are occurring in 1954.
Cattle raising, feeding, and marketing have been subjected
to a number of diverse influences in the past 2 years. The
rise in cattle numbers is slowing down as cattle producers
appear to be making preliminary adjustments leading to a
Livestock Feeding
The hog-corn ratio has been favorable
20
15
Adjustment of farm output is not directly related to demand in the straightforward manner of industrial output,
where production schedules have more flexibility and are
geared to demand as closely as practicable. Though agricultural programs and price support activities provide some
alteration in the price structure and in production alternatives confronting farmers, they have not changed the basic
planning of the individual farm entrepreneur. ^ For the larger
part of farm output which is not directly subject to controls,
the reaction of the individual farmer to the change in demand
is (appropriately) judged by the farmer to have no appreciable effect upon the price received for his product.
In addition, there are technical cost considerations which
render farm output less flexible than industrial output. In
agriculture a much smaller proportion of costs are "prime"
costs, directly related to the level of output. Thus, wages
and salaries in agriculture constitute about one-sixth of income originating in this sector whereas in manufacturing
employee compensation comprises three-fourths of income
originating.
The general nature of the adjustment of livestock production to a levelling off in demand is illustrated by the changes
in commitments and actual output in the past 2 years. A
number of aspects of livestock operations can be changed
at various times during the year, though the time required
to change the rate of production or marketings varies from
several months in the case of poultry to several years for
beef cattle, with intermediate periods required for dairy
cattle and hogs.
V
10
AVERAGE,1933-52
o
K
1 | I | | !II I t i l I1
The margin broadened for steers marketed
in late 1953 and early 1954
40
SLAUGHTER STEERS
(CHOICE GRADE, CHICAGO)
30
Livestock production
19
SURVEY OF CURRENT BUSINESS
o
o
20
•..•'-^
STOCKER a FEEDER STEERS *
(AVERAGE, ALL GRADES, KANSAS CITY}
10
ALLOWING 7 MONTHS LEAD TIME BEFORE MARKETING
Mill
1950
1951
1952
1953
1954
DATA -. AG. M K T G . S E f t ,
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
54-29-9
leveling off or a reduction in herds. There is an increase
in cow and calf marketing and the number of steers on farms
has been reduced. On the other hand, the number of cattle
on feed has been increasing in relation to a year earlier, following a slowing-up in the movement into feed lots in the
latter part of 1953. Thus the number of cattle on feed July
1 is estimated to be about 5 percent higher than a year
earlier in comparison with a 2 to 3 percent decline on April
1 and a 9 percent drop on January 1 (on a year-to-year
basis).
The emergence of a broader demand for feeder cattle in
the first half of 1954 has lent strength to the market for
cattle from the range and improved the distribution of the
meat supply during the year. As shown in the accompanying chart, feeding margins for cattle were unfavorable during
1952 and early 1953. Though margins became favorable
SURVEY OF CURRENT BUSINESS
20
during the latter part of 1953, the number of cattle going on
feed was down from a year earlier, rising only after the
beginning of 1954.
Part of the stepped-up marketing both in 1953 and in
1954 is attributable to drought conditions in the range cattle
areas. In the markets adjacent to dry sections, the run of
cattle was heavy as pastures deteriorated in mid-summer of
1954. For the first half of 1954, cattle slaughter for the
country as a whole was at a record rate, exceeding the corresponding period a year earlier by 10 percent. From 1951
to 1953, cattle slaughter increased about two-fifths. The
sustained rise in beef cattle marketings of the past 2 years
has been accompanied by a somewhat greater decline in
cattle prices and accordingly a declining trend in cash receipts from cattle marketings.
Continuing strong consumer demand for meat, a considerable reduction in pork supplies, and emergency measures to
make feed available in drought-stricken areas together with
surplus purchases of beef at the peak of the seasonal run have
prevented a greater decline in cattle prices. Cattle prices
averaged slightly higher during the first 6 months of this
year than in the corresponding period of 1953 but had fallen
a little below by early summer.
More hogs coming
Hog production was curtailed successively in 1952 and 1953
despite bumper corn crops in each of those years. Norm ally,
large corn crops are followed by expansion in the number of
pigs raised, but in each of these years there was an increase
in corn placed under loan and a decline in farrowings. The
corn-hog ratio became favorable early in 1953 (see accompanying chart) and after a longer than usual lag. pig farrowings turned upward at the year end.
The 1954 spring pig crop was estimated to be 13 percentabove a year earlier and about the size of the 1952 crop. As
these pigs began to reach market in the summer months,
they brought to an end the 2-year decline in bog marketings
which had pushed hog prices unusually high. The peak in
hog prices was reached in April and they were substantially
lower in June and July. For the first half of 1954, cash
receipts from hog marketings exceeded the corresponding
period a year earlier, continuing the uptrend of the past
2 seasons.
Rising milk flow
Dairy production turned upward during 1952 and has
expanded irregularly but strongly since that time. The rise
in milk production of 5 percent from 1952 to 1953 was very
large for this typically stable item. The uptrend continued
through the first quarter of 1954, after which some slacken-
August 10r>4
ing appeared. The sustained upturn in dairy production in
the past 2 years was not prompted by an increase in dairy
prices in relation to feed. Milk-feed and butterfat-feed
price ratios averaged slightly lower in 1953 than in otherrecent years and were below the long-term averages. They
declined further in 1954 as dairy product prices decreased
somewhat more than feed prices.
Three influences contributed to the advance in dairy
production. Declining prices for slaughter cattle resulted in
reduced culling of dairy stock and an increase in the size of
dairy herds. A second influence has been the sustained
technological advance of recent years. Better pastures,
improved hay and silage, artificial insemination, and laborsaving arrangements for the care of cattle have all contributed to the rise in dairy output. A final influence has
been the support price established for manufactured
dairy products. Of the four principal groups of livestock and products, this was the only one for which price
support was maintained throughout 1953. Also, dairy
producers were the only group which "lengthened commitments'' during 1953, though prices had advanced for two
of the groups—-poultry and hogs—and an expansion in their
output is occurring in 1954. Beef cattle market nigs increased
in 1953, but this marked a slowing down in the rate of
expansion of cattle herds.
Poultry and egg production in 1954 has been running
well ahead of a year earlier and a further rise is expected as
a result of a considerable increase in egg hatchings in early
1954 when egg prices were above a year earlier. Egg hatchings tapered off in the second quarter of this year following
a drop in egg prices. Cash receipts from the marketing of
poultry and eggs were down 10 percent in the first half of
1954 as compared with a year earlier. For the year 1953
as a whole, cash receipts from poultry and eggs reached an
all-time high of $3.8 billion as marketings increased only
about as much as population from the preceding year and
prices advanced.
National output from farms
The extent of long-run changes in farm organization and
productivity in relation to total national output may be
examined in the framework of gross national product and
the portion of the total originating on farms. More and
more the output of farms is increased by the use of products
purchased by farmers and used in production—intermediate
products to use the terminology of the national accounts.
The following section presents revised estimates of farm
gross national product for the years since 1910 together
with a brief analysis of some aspects of changes in agricultural organization and output.
Part //—Farm Gross National Product 1910-53
THE figures on farm gross national product presented in
this article revise and extend those which appeared in the
September 1951 SURVEY OF CURRENT BUSINESS.
Farm GNP represents the portion of gross national product originating on the farm. It is a value-added concept
obtained by subtracting from the total value of farm output
the value of (intermediate) materials used up in the production process, such as fertilizer, purchased feed, and motor
fuel. It measures production occurring on farms, without
duplication and is "gross" only in the sense that depreciation
and other capital consumption allowances are not deducted.
The total value of output includes (1) cash receipts from
farm marketings and CCC loans, (2) farm home consumption, (3) net change in inventories, and (4) gross rental value
of farm homes. In the real product tables, the sum of the
first two of the above categories, i. e. cash receipts plus home
consumption, is comparable with the volume of farm marketings and home consumption series of the Department of
Agriculture. Though there are differences in the method of
calculating the two series compared, they move closely
together throughout the whole period 1910-53 with only
small divergencies.
If, to the sum of the first two lines, i. e cash receipts and
home consumption, is added net change in farm inventories,
the result comprises the total commodity output of agriculture and is comparable in concept with the Department of
Agriculture series termed "farm output." Movements of
these two series are also quite similar throughout the period
1910-53. The underlying series used are principally those of
the Department of Agriculture. In the current dollar tables,
SURVEY OF CUKRENT BUSINESS
Au.misf U>r»4
21
Gross National Product by Components
CURRENT DOLLAR trends of farm and
nonfarm GNP were roughly similar until recent
years when farm GNP has levelled off
CONSTANT DOLLAR farm GNP has risen
at about half the rate of private
nonfarm GNP
400
400
300
300
PRIVATE NONFARM GNP
PRIVATE NONFARM GNP
200
200 g
(/>
\
100
90
80
70
60
50
100
90
80
70
60
50
GOVERNMENT GNP
40
40
30
30
GOVERNMENT GNP
20
20
FARM GNP
FARM GNP
10
9
8
7
6
10
9
6
7
6
1929 31
33
35
37
39
41
43
45
47
49
51
53
55
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
the derivation of the net farm national product and the reconciliation with farm national income are shown.
Although the current dollar tables incorporate revisions
which have been made since 1951 in the underlying data, the
present series differs little from the earlier figures.
Farm gross national product and nonfarm private gross
national product, measured in current dollars, each rose
about 140 percent from 1929 to 1948. Subsequently Farm
GNP in current dollars was off in 1949, advanced in 1950 and
1951 to a peak of $24.6 billion in the latter year, and has
since declined, with 1953 nearly 10 percent below 1948. On
the other hand nonfarm private GNP continued upward after
1949; by 1953 it was more than one-third higher than in 1948.
Much of the movement in current dollar GNP reflected price
changes, as is brought out in the following section.
Real Farm GNP rising
The base of the constant dollar gross farm product estimates has been shifted from 1939 to a 1947-49 average.
Though there is some advantage in using a single-year base,
as has been done for the total gross national product constant
dollar estimates which are based on the year 1947, the farm
price structure was sufficiently distorted in 1947 to make the
use of a longer base period essential.
The constant dollar estimates of farm GNP, calculated in
terms of 1947-49 prices, rose over two-fifths between 1910
and 1953, or at an average rate about half that of nonfarm
private GNP. As shown in the accompanying chart farm
GNP has fluctuated considerably, both annually and for
periods of a few years, mainly as a result of weather conditions.
I I I
1929 31 33
35
I I I I I I 1 I I I I I I I 1 I I I i
37 39 41 43 4b 47 49 51 53 55
54 -29-10
The relationship between fluctuations in price and quantity
series is not so clear-cut as in the case of nonfarm GNP. In
part this is due to weather influences, but part is attributable
to the uncertainty of the response of agricultural production
to changed demand conditions. For the farmer, there is no
broad incentive to alter substantially the scale of output upon
a turn in the general demand situation. Practicable changes
in output require considerable time, so that temporary
changes in demand cannot be readily exploited.
A second influence tends to limit the response of real farm
GNP to changes in demand. When the demand situation
improves, farmers in order to secure increased output tend
to step up purchases of nonfarm supplies and equipment more
than of products originating on the farm, partly replacing
labor which in war and postwar years has been less abundant.
In general the reason is that they are substituting products
which have risen less in price (or more in efficiency) for those
which have risen more and perhaps become less readily available for use in farm production. These substitutions often
bring a rise in output with a smaller labor input. As most of1
them result in increased purchases from the nonfarm sector ,
only part of the increase in output comes from the valueadded on the farm since the cost of intermediate products
consumed is deducted from total output to obtain farm GNP.
Farm GNP in 1947-49 dollars has risen at an average rate
of 0.9 percent per year. This differs from the earlier calculation in 1939 dollars, chiefly as a result of two influences.
The rise in prices of commodities used in production, i. e.
intermediate products consumed, between 1939 and 1947-49
was smaller than that of products produced and sold by
farmers. Furthermore, the production items which went
up less in price between 1939 and 1947-49, such as fertilizer
SURVEY OF CURRENT BUSINESS
22
and lime and motor vehicle operating expenses, tended to
be substituted for those whose prices rose more rapidly as a
part of the general process of achieving more efficient
organization of farm resources.
An trust 11)54
nonfarm GNP per worker. For the entire period 1910 to
1953, farm GNP per worker rose an average of about 2
percent per year. The rise was accelerated in the latter
part of the period as mechanization reduced farm labor
requirements, and nonfarm job opportunities attracted
workers to urban areas. For the period 1929 to 1953 the
increase in farm GNP per worker averaged 2V2 percent per
year, with some decline in the years through 1936 when,
weather conditions were especially adverse, followed by a
very rapid rise in subsequent years. Nonfarm
private
GNP per worker has risen an average of about I 1 ? percent
per worker since 1929.
Productivity higher
Though the increase in real farm GNP has been less rapid
than that of private nonfarm GNP, it lias been achieved
with a sharply shrinking percentage of the private labor
force, with the result that the increase in farm GNP per
farm worker has been more rapid than the increase in private
Table 1.—Farm Gross National
[Millions of dollars]
,
Item
Line
j
1910
19111912
1913
I 1914
i
1915
1919 ' 192()
1918
1916 1917
-
1 Total value of farm output
7, 543 6, 737 8,041 7,491
Cash receipts from farm marketings and CCC loans
Farm products consumed directlv in farm households
Net change in all farm inventories
Gross rental value of farm homes
2
3
(
1921 ; 1922 1923 i 1924 1925 I 192(1
.
-,
;
-
|
:
8,008 8,237 9,024114,201 16, 046 17, 140|l(i,417. 9,852 10, 705! 11, 901 12,032' 13, 7<)5 13, 149J
5, 784 5, 585 6,007 6.240 6,039 6. 396 7, 737 10, 740 13, 467 14. 570112. 606 i 8. 116i 8, 584: 9. 549 10, 202:11. 021 j 10, 550!
1,183 1, 097 1, 145 1, 157 1, 167 1. 136 1,313 1,865 2, 157 2.3981 2.410i 1,571 1,559 1.6261 1,625 1. 784: l,839i
271 -499! 1,056 -196 -541:
485 -326 375
507| -595 -172' -55, -575! 199! -43!
194 -338
420
427
713' 8941 760! 734; 781, 780
791 i 803;
393
404
473,
540
618
382
434
6
Less* Value of intermediate products consumed total
1,616 1,597 1, 748 1, 797 1, 842 1,865 2,268 3, 110 3, 999 4, 231 i 4,072 ! 2,705 2,838 3.118 3. -556; 3.575 3, 542|
7
8
Intermediate products consumed other than rents
Gross rents paid to nonfarm landlords (excluding operating expenses)
_.
.
_ - ...
Plus- Other items
1, 122 1,083 1,208 1,251 1,277 1, 236 1,487 1.991 2,846 2,990! 3,190 2,004! 2,065: 2.271; 2, 328j 2,69*: 2. 711 !
5 916 5, 128 6, 279 5,679 6,149 6, 354 6,736 11,070 12, 024 12,88312,314 7,109 7,826 8,74l' 8, 435s 10, 182 9,570
9
10
Equals; Farm gross national product
11
12
13
Less4 Capital consumption allowances
._
Depreciation charges
Capital outlays charged to current expense
14
Equals 1 Farm net national product
15
16
Less: Indirect business taxes
Plus' Government payments to farm landlords
17
Equals: Farm national income
..
-
494 514
-11 -12
651
617
34
..
667
632
35
540
-14
,546:
-15:
702:
668
34
690
655
35
565
-17
718
6X3
35
5 265 4, 461 5, 589 4,977 5,431
150
0
167
0
174
0
200
0
203
0
781 1.119 1.153 l , 2 4 l i
-20! -21 -23 -26;
629
-18
745
709
36
816
954 1,151
7761
907 1,088
40 i
47
63
I
5, 609 5, 920 10, 116 10, 873
221
0
237 !
0;
701;
-38
773: «47:
-41; -42 (
928
s77i
-41, -38;
831:
-37
1,427' 1,672 1,345' 1,218; 1, 182 1,169: 1,159; 1,164
l,357i 1.595 1.286 1,164' 1,120 1,111; 1.098 1,103
70
77
59 i
54;
62
58;
61 ;
61.
11.456110.642 5,764^ 6,608j -559: 7,266 9.023; 8,406
3591
0!
289
0
268
0
882
-31:
438
0
456^
0'
450
Oj
470 '
0
467
0
478: 490 '
0
0;
! 5,115 4,294 5,415 4,777 5,228 5, 388 5,683; 9,848 10, 584 11,09710,204 5,308 6,148: 7,089 fi, 79»» 8,545 7,916!
Source: I . S. Department of Commerce, Office of Business Economics, based largely upon data from r. 8. Department of Agriculture.
Table 2.—Implicit Price Deflators for Farm Gross
[1947-49=100]
1 tern
1 ! Total value of farm output
Cash receipts from farm marketings ind CCC loans
Farm products consumed directly in farm households
Net change in all farm inventories
Gross rental value of farm homes
Less' Value of intermediate product ^ coi sumed total
Intermediate products consumed, ot ler t h a n rents
Gross rents paid to nonfarm landlor ds (excluding operating expe rises)
Plus' Other items
10 j Equals: Farm gross national product.
1910
1911
1912 : 1913
1914 1915 ' 1916 ! 1917 i 1918
37.9
34.9
36.8 ! 37.4
38.1
35.6
42.4 ! 64.5 i 74.2 77.5
76.1
46.5 : 48.1 | 51.8 52.6
37. 6
38. 7
34.3
36. 5
36. 5
38.8
37. 1
39. 0
37. 5
39. 0
36. 3
37. 7
43.8
44.7
65.6 i 75.4
62.5 I 71.3
79.8
77.4
77.0
80.5
45.4
53. 5
47.2
52.2
50.4
55. 4
51. 0 ; 56.9 ; 53.0
54. 4 I 59. 7 60. 6
36 1
36 4
36 9
37 6
37 3
37 1
39 5
44 0
49 4
56 1
69 8
59 5
58 0
61 8
61 6 i 62 3
40.9
39. 9
41.6
41.9
42. 8
43. 1
49. I
69 4
79. 1
85. 2
85 9
50 7
53. 1
59. 5
rtO 4
41.8
42.0
44. 2
44. 9
46. 7
47. 1
51.9
83.8
86. i
54. 5
55.1
60. 1
no. y : M. i
61.6
39 1
36 2
36 7
36 3
36 0
30 8
44 6
68. 1 i 77. 1
i
71 8 i 84 3
88 8
85 1
42 3
48 6
57 9
"•'-) 0
59 5
4X 9
37 1
33 6
35 6
36 2
36 9
33 (*
40 6
63 3
75 'i
73 3
45 1
46 5
49 5
50 0
56 1
'HO
37. 1
33. 6
35. 6
36. 2
36. 9
33. 9
40. 6
63. 3 '< 72. 7
73,
45.1
46.5 ! 49.5
50.0
56.1
54.0 j
;
!
72 7
1919
75. 3
1920 1921
1922 ' 1923 ; 1924 1925 1926
57.6
62. 2
55.1
63 2
58.0
Source: U. S. Department of Commerce, Ofiice of Business Economics, based largely upon data from U. S. Department of Agriculture.
Table 3.—Farm Gross National
[Millions of 1947-49 dollars]
Line |
11 em
1910
_
_
1 ! Total value of farm output
2
i
1913
;
1914 1915 < 1916
.
1917 j 1918
..
:
1919 \ 1920
, .
1921 1922 1923 '.
_..-.. ^
.
1924 : 1925 : 1926 |
^
. |
19,919 19,317 21,869 20,041 21,005 23,151 21,26622,001 21,635 22,108^21,576 21,180 22,26322,995! 22, 856 23, 959 23, 885 25, 231
Cash receipts from farm marketings and CCC loans.
15.304 16,286 16, 47(V10, 842 16,117
Farm products consumed directly in farm households.... 3.056 3.007 2,952i 2,968, 2,990
Net change in all farm inventories..
440-1,055 1,351! — 887
754
Gross rental value of farm homes /.III'.'.".'."".'.'.'.".'.'.'...' 1.059 1,079 1,096; 1,118 1,144
6 j Less: Value of intermediate products consumed, lot til
•
3,947
Intermediate products consumed, other than rents ..... 2, 685
Gross rents paid to nonfarm landlords (excluding operating expenses)
! 1,262
10
1911 1912
-
—
'
17,642 17,646 10, 379 17, 855; 18, 249116, 370 17. 8S2 IS. 181 18, 936!! 19,998 ly.3G9 W, 9111 20, 931;
3.017 2,936 2,982: 3,026| 3,099! 2,992 2,937 2,986, 2,937 2,985 2,990' 3.034 2,9811
1.323 —512 1,412! —498! — 510:
933 — iW> —109' —1421-1,394
:<3i: —330!
46;
1,169 1, 196i; 1.228' 1,252! 1.270 1.2S1 i.i>77 1,265 1,264> 1,267 1, 2<>9' 1.270! 1.273J
i
!
:
•
' .
3,998 4,205: 4,292 4,307 4.331 4.619 4,481! 5,058 4,967 4.742 5.339 5.341 5.242 .", MM) ". 7-uv H. 103' 6,3231
2.578 2, 734i 2,788 2,736 2.623 2,8601 2,923 3. H90 3,5(59 3.705 3. 6N.) 3.750 3,778
1,420: 1.471 1.504 1, "t
—3'v
-39
-41
-40
1,708
-53
1,753' 1.558! 1.3f>8 1,39-S 1.037 1.059 1.591 1,464
-49: -;«
-39
-35
-42
: -30
Equals: Farm gross national product.
15,942 15,283 17,625 15,708 16,652 18,767 16,598 17, 487 16, 545 17,106 16,792 15,757 16,834 17,668 16,884 18, 145 17,713 18,834'
— Vs
—85
1,57S \ 4 7 o ' 1.'199 1 , 9 1 1 '
Plus: Other items
Source: U. S. Department of Commerce, Office of Business Economics, based largely upon data from U. S. Department of Agriculture.
-84
4.317 t.'J7o 4.404 4 , 4 1 2 ;
-v2
- KV
— m»
-71
SURVEY OF CURRENT BUSINESS
August 1954
Part of the revision in the trend of farm GNP per worker
is attributable to the change in total farm GNP in constant
dollars which resulted from the shift in base periods. A
somewhat larger part reflects a revision in the trend in the
agricultural employment series, which now shows a more
'rapid decline than the old series. The index "man-hours
used for farm work" of the Department of Agriculture has
also been revised in the same general direction. The use of
the Bureau of the Census series on farm employment, which
is somewhat different in concept and is available for a
shorter period results in the same general trend in farm
GNP per worker as that described above, The Census
23
series indicates, and the Department of Agriculture series
on manhours implies, a gradual decline in hours worked per
week on the farm in the past 15 years so that farm GNP lias
increased somewhat more rapidly per manhour than per
worker.
Labor-saving investment
worker results from
The sustained rise in farm GNP
a combination of influences which has brought farreaching
changes in farm organization and management. In the
broadest terms, capital expendituoR have been substituted
Product in Current Dollars
[Millions of dollars]
1929
1928
1927
1930
1931
1932
1934
1933
1935
1936
I
6,699 9,548
13,045 13,585113,670 11,120 8,702 6,434 6,660
!
1937
1939
1938
1940 i 1941
1942
1943
1944
1945 i 1946 . 1947
1948
1949
1950
1951
1952
1953
Lino
1
j
9, 237 ill, 372 9,694 9,71910,466 13, 615 19, 101I22, 049 22, 892 24, 119i27, 946| 31, 399<35, 399:30, 703!32, 706 38,06236,99434,320
10,732 10,988 11,299! 9,050 6,369 4,7351 5,308 6, 314 7,074 8, 356 8,819 7,703 7,819 8,332 11,075 15, 486 19, 358 i 20, 377 2 1 , 383 24, 564 29, 706
1,698 1,069 i , 704 1 , 540 1,255 1,010 1,024 1,090 1,317 1 , 373 1,394 1,266| 1,224 1,239 1,442 1,772 2, 140 2, 169 2,218! 2,528 2,666
j ~g -445 -462!
452 1,159
324
34 -259 -1,320
523
270
-249 -2. 289
— 185
117 -162 -300
536 -1,112
103
56
829
646
727
791
754
655
587
615
625
684
800
811
830
621
620
636
622
620
980 1,103) 1,316
30, 207
2, 635
1.136
1.421
27, 944 128,328 32, 799 32, 480 '3 1,207
2, 1 89 2, 007 2,243 2,145' 2,037
— 875
923 1.4041 654i -675
1,445J 1,448 1,616| 1.715J 1.751
1
2
3
4
3, 639 3, 942 3, 824 3,323 2,429 1.913 2, 032
2, 325 2, 596
2,971 3, 265 2, 939 3, 206 3, 621 4,273 5,747 6,813 7, 272 7,913 9, 207 10. S84 1 i . H87 10. .547 11,603 13, 451| 13, 643 12.5931
6
2, 704 3, 025 2 912 2, 583 1,924 1,532 1 , 594
505
381
935
912
740
438
917
1,821 2.008
504
588
2,302 2, 618 2,367 2,608 3, 013 3. 385 4, 595 5,541 5,98li 6.583 7.528
669
598
608
888 1 , 152 1, 272 1,291 1,330 l , 6 7 9 j
647
572
9,050 9 900 9,013 10,001 11.680 1 1, 822 ' l 0,824
1.834 1.787 1 . 534 1.602 1,771 1.821. 1,769
7
-37
-29
-37
-81
-64
-73
-43
-40
9, 369 9, 606 9,817 7,7331 6,192 4,448 4,588
998
944
54
1 . 1 07 1, 175 1,209 1,170
1. 107 1, 113 1,148 1,109
61
f,0
61
62
4, 331 6,944
760
718
42
846
799
47
784
741
43
8,208 8,431 8, 608 6,563 5, 194 3,602 3, 828
504
0
525
01
515
0
519
0
467
0
827
781
46
3,547 6,117
351
113
403
0
—8
341
397
7,698 7,916 8,083 6,044 4,727 3,199 3, 590
347
498!
3,603 6,268
-18
— 15
-29
—'>
21
34
52
24
38
43 '
39
26
_9
44
-22
— 48
—68
^
6, 263 8,089 6,726 6, 498 6, 843 9, 363 13, 388 15, 288 15, 658 16,230 18, 782| 20,554 23, 738 20,147121,147 24,589,23,303 21,659
1
883
974 j 996! 1,025 J , 0 2 5 j 1,179 1,388 1,565 1,750 1,869 2,010 2,444 3,1111 3, 476 3,922: 4,323 4,662 4,794
835
925
945
975
976 1 1,124 1,322 1,484 1,657 1,772) 1,907 2, 332 2 V 888 3. 347 3 ,,797 4.185 4,517! 4,649
138
81
123
129J
125
145)
145
48
49
51
50 i
491
55
66
93
103
97
112
)
5, 380 7, 115 5,730 5,473 5,818 8,184 12,000 13,723 13,908114,361 1 6, 772 18, 110120.727 U:. <:>71 17,225 20,266 18,641116,865
i
422
715
801
870
356
387
415
443
610
928 i
951
369
366
373|
372
494
533
t>64
163
627|
472
563
563
687
227
249 | 252
242
283|
377i
661
659
688
277
242|
1K8|
5,266i 7,029 5,741 5,76ll 6,073' 8, 269; 12, 148 13,864 14, 152 14,526 16,927 17, 777 20, 290 16,117 16.673:19,648 17, 955 ;16, 102
8
9
10
11
12
13
14
15
W
17
National Product by Major Component*
[1947-49-100]
1931
1928 | 1929 1930
1927
1
1932
1933 ; 1934
1935
1936
1937
1938
1939
1940 1 1941
1942
1943
58.6
1944
1945
1946
55.4
47.5
33.8
25.9
27.5 ! 32.7
40.4 j 42.2
44.3
36.7
35.8
38.2
46.1
70.4
72.7
76.9
86.3
51.3 54.4 ! 54.3
57. 0 58.8 59.3
46.1
53.9
32.4
41.7
24.2
32.3
25.9 i 32.2
31.2 i 35.6
40.1
44.8
42.0 44.8
46. 5 48.0
35.6
41.2
35.0
39.1
37.2
40.8
45. 6 58.7 70.9
50. 5 63. 3 76.9
71.8
78.6
76.0
82.9
86.4
89.0
62.~8~ 63.4 1 64.6
64. 6 59. 4
52.1
52.3
53. 7 52.2
51 . 5
51.4
52.8
61.2
68.0
75. 7 84.1
49.1
54. 8 45. 6 44.4
56.1
51.7
57. 6 62.2 | 61.2 53.7
52. 7 48.2
51.1
40.8
32.5
35.1
44.9
49.1
59. 5 47.6
39.1
39.4
47.7
52. 3
1948
1953
I vine
106.0
96.4
1
91. 4 94.3 110.8 105. 0
92. 2 87.8 102.7 102. 0
95. 1
98. (i
1949
1950
1951
1952
94.2 111.7
74.4
75.5
84. 1
98. ] 10(1 1
95. 8 99.7 111.0 105. 7 100.7
75. 1 76.0
83.4
96. 6 106. 3
97. 1 100.4 111.0 105.6 1.01.4
7
40. 7 41. 1 45. 3 32. 0 31.4 i 34.2 | 41.4 55.3
65.8
71.2
87.4
106. 1 105. 3
88.6
95. 7 110.5 106.4
96. 6
8
70.6 ! 71.9
77. 7 87.4
100.9 1 103.6
90., 7
93.4 112.1 106. 1
94. 2
9
70.6 ! 71.9
77.7
100.9 103.6 i 90.7
91,4 112.1 106.1
94.2
10
52. 3 50.4
40.1
26.4
19. 4
49. 7 53. 9 53.4
45.3
31.7
23.8
25. 1
2S. 6 i 37. 9
39. 5 41. 1
33.8
31. 7 23.8
25.1
28.6 i 37.9
39.5
33.8 | 32.7
53.4
45. 3
41.1
49. 8
32. 7 :! 35. () I 44. 5
35.0
57.8
44. 5 57.8
73.0
87.4
Products in Constant Dollars
[Millions of 1947-49 dollars]
1929
| 1930
:
1931 , 1932
:
1933 | 1934
24,235| 24,690! 23,394 25,738 24, 843 24,196j
| 1935 I 1936
20,460;23, 626
1937
1938 ! 1939
1940 ' 1941 | 1942 i 1943
1944
1945
21,904J25, 662J26,448|27,172 27,386J29,505^2,604J31,327|31,500)31,346 32,389| 31,439J33,90Sj
33,227J34,722134,084|34,906|35,587
19,61117,627 !
3,060' 2,937!
-3,415; 1,870 — 2,1381 1,899!
553
473! 699 1,155 2,214,
— 176J —l,678j 1,474' -1,157;
1, 204J 1.192
1,185! 1,185| 1,191; 1,203! 1,215! 1,224 1,206 1, 189 1, 161, 1,296 1,311
1,353; L:WV
4,585!
6,338;1
6,249:
'
4,44()!
1.753'
1,809!
:
-69:
i
-54]
(i, 1871 5,952; 5,881 5,793
,
j
4,342| 4,041; 3,919 4,044!
i
1,84s! l,91l| 1,962 1,749!
!
5, 1811 5,286:
6, 049j 5,954; 6,443
7,821)1 8,5091 9,485: 9,746; 9, 779'10, 486 10,953J
ll,100jll;014J
15,847 19,664,19,919119,899 19, 534:21,043 23,178:21, 655|21f 774'20, 891;21,485
20,378'22, H17;
3, 820! 3,840:;
i
1,3611 1,446:
|
-141J -256!
-307 -159|
17,828; 18,387! 17,066:19,53018, 655 18,244!
-150;
()
69.9
48.9
53.9
46. 3 50.2 j 60.6
3
4
97.2 102. 0 101. 1 101. 1 108.3 112.5 113.5
70.9
66. 0 65. 6
25. 0 37. 0
56.7
99.9 104. 4 92,4
101.9 105. 8
102. 5 105. 6
53. 262.1
52. 1 57. 8 50. 9 49. 0
61.3
49.7
1947
|
-2l!
15,129! 18,319
39,
25!
-10;
4.3; -20;
—45|
—72
22,204 23, 330 21.. 940 ! 2], 95^23,008J
SURVEY OF OURRKXT BUSINESS
24
for labor on a relatively stable cropland acreage. During the
prosperous war years this process was rapid despite limitations on production of farm machinery and equipment and it
was accelerated after the war was ended. Capital was
readily available either out of earnings or on favorable terms
from credit agencies and the pric% of farm equipment and
supplies rose less rapidly than either prices received by
farmers or farm wage rates. Furthermore, there were rapid
improvements in the efficiency of farm equipment. These
influences hastened the mechanization of farm operations
and provided a favorable climate for the adoption and widespread dissemination of a series of technological advances.
A considerable number of small-scale farms on which output
per worker was low disappeared, many of them being consolidated into larger units.
Table 4.—Prices and Volume of Selected Items of Farm Costs
J1940: -100]
Items of cost
98
44
1H5
K< rtilizer and lime purchased
['rice
Volume '
.
Li vest ock purchased
Price
Volume i
operation of motor vehicles
Price
Volume '
147
24.')
160
149
223
157
25f,
100
100
124
70
100
100
Cost of hired labor
Wage rates
Number employed
!
Implicit volume estimates derived from movement of prices and production expenses.
Source: U. S. Department of Agriculture, Agricultural Marketing Service.
Something of the incentive for, as well as the scale of, the
shift in farm organization is suggested in the accompanying
table showing relative changes in prices and in volume of a
few principal farm inputs. Among the most important incentives for farm mechanization was the sustained rise in farm
wage rates. By 1953 farm wage rates were about 4 times as
high as in 1940, the rise reflecting a long period of full
employment during which better-paying jobs were available
off the
farm. The number of hired farm workers declined
more 1 than one-fourth during this period.
Both the initial cost of tractors and motor trucks and the
costs of operation rose less rapidly than wage rates from the
prewar period, The number of tractors on farms doubled
between 1940 and 1948 and trebled by 1953. Motor trucks
expanded somewhat less rapidly. As mechanization proceeded, farm work animals declined to a relatively insignificant role in commercial farm operation.
Among the list of improved practices lowering farm costs
and increasing production, the increased use of fertilizer
illustrates the nature of the changes in farm organization.
As shown in table 4, fertilizer prices rose about 60 percent
between 1940 and 1953 whereas fertilizer consumption rose
three-fold during this period. A considerable part of the
explanation of the rise in fertilizer use is that it became
sufficiently cheap in relation to prices of products raised by
farmers to make increased application profitable on a wide
range of crops and in areas where it had previously been little
used. Since feed prices rose much more than fertilizer,
then* has been a tendency in recent years for dairy farmers
who used large amounts of feed to purchase less feed and more
fertilizer to grow a larger portion of feed required. Thus,
the rise in feed purchased by dairy farmers has been moderate
in recent years in view of the rise in milk production and the
favorable^ milk-feed price ratio during most of the postwar
period.
Auji
1954
The use of fertilizer was also encouraged by improved
varieties, better cultivation, and wider use of soil improvement practices. Hybrid corn gives more response to fertilizer application than the older open-pollenated varieties, and
because of the higher drain of soil nutrients associated with
greater yields, increased fertilizer application is required to
maintain fertility. Better control of insects, diseases, and
weeds, an-1 in some instances supplemental irrigation tend to
make fertilizer more effective and more profitable.
Thus, there is a clear tendency for one improved practice or
cost-cutting technique to beget another in a manner that is
comparable to—though less highly developed than—-the
systematic introduction of cost-cutting techniques into
mass-production industries.
The rise in productivity of agriculture has kept pace1 with
demands of an expanding population with recurrent periods
of surplus accumulation. In the postwar years, some
accumulation developed in 1948-49 and a larger rise has
occurred in the past 2 years. Though the direct relationship
is between total supply of farm products and demand, the
rise in productivity is closely related. The link between the
two is that a rapid rise in productivity suggests the need, for
a concomitant though not necessarily equivalent reduction in
resources in agriculture in keeping with the more moderate
rise in demand for farm products. The reduction in labor
employed in agriculture has been substantial, as discussed
earlier, but the acreage of farm land used has varied within a
narrow range of 5 percent between the lowest and the
highest acreage used since the end of World War I.
The historical gradual deterioration of agricultural land
was considerably slowed during the past 20 years and for
the country as a whole may have been reversed. Though
there is still deterioration of large areas in the United States—•
wind and water erosion and depletion of fertility and other
soil characteristics—much of the more productive land has
been "built, up" to a higher level of productivity through a
series of soil and water conservation practices, crop rotations,
and soil amendments.
Table 5.—Motor Trucks and Selected Items of Farm Machinery
on Farms
\
Year
1910.
Motor
trucks
;
Corn
•''™U,S"os pickers
Farms
with
milking
machines
(thousands of machines)
1
1920,
4
1 930_
fil
10(1
1940.
190
175
1950.
714
(>3ti
1953-
918
715
Sources: 17. S. Department of Agriculture, Agricultural Research Servu-e; I'. S. Department of Commerce, Bureau of the Census.
Finally instead of following- the pattern of using up the
best land early and resorting to progressively poorer land,
the reverse of this has been the case during the past two or
three decades. Several million acres of cropland have been
retired during this period but in the main it was basically
poor land in the first place, though neglect brought deterioration and contributed to its retirement. On the other hand,
a roughly equivalent acreage was brought into cultivation
by drainage and irrigation during this period. The new land,
together with the attendant water or drainage canals, is
highly productive and has added significantly to the productive capacity of United States agriculture.
In the period since 1940 relatively favorable prices for
agricultural products have had the effect of increasing the
rate of irrigation and drainage reclamation.
BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, 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 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Data from private sources are
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
provided through the courtesy of the compilers, and are subject to their copyrights,
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1954
1953
June
July
August
September
October
November
December
January
February
March
April
May
June
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:f
National income, total
bil.ofdol
Compensation of employees, total
do
Wages and salaries, total_ do.
Private
. ..
do
Military
...
do.
Government civilian
do. ._
Supplements to wages and salaries ... do
Proprietors' and rental income,
totald"---do
Business and professional^"1
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. __
308 2
210.0
198.9
165 3
10 4
23.2
11.1
48.9
26.3
12.1
10 5
306 2
211 4
200 3
166 7
10 2
23 4
11 1
47 g
26 1
11 1
10 6
41.0
41.9
22.5
19.5
-.9
8.3
38.3
40.9
21 9
19 0
—2 6
86
33.1
32.5
17.4
15.1
.6
8.9
34
34
17
17
1
5
0
5
4
90
4
q 1
Gross national product, total
do
Personal consumption expenditures, total. do
Durable goods
do
Nondurable goods ... __
do
Services
do
Gross private domestic investment, total
bil. o. dol...
New construction
... _
.
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil. of dol.
Federal (less Go vernmen t sales) . _
. .do
National security? _ _
do
State and local
_. do
369.9
230.8
30.3
119.6
80.9
367. 2
231. 2
30.3
118.6
82.3
360. 5
229.7
28 0
118.7
83 0
355 8
230 5
28 0
118 8
83 6
3 f )(i 0
233 1
28 8
120 0
84 3
55.9
25.9
24.6
5.4
-3.3
52.4
25.6
24.8
2.0
-1.8
45.5
25.7
24.0
-4.2
- .6
44 5
26 0
22 7
—4 2
1i
45 6
27 0
22 4
—3 8
—10
86.6
62.2
54.3
24.4
85.4
60.3
52.3
25.1
86
59
50
26
0
8
6
2
81 9
55 0
46 9
26 9
78 3
51 3
44 7
97 Q
Persona] income, total
do
Less: Personal tax and nontax payments.- -do
Equals: Disposable personal income
do
Personal saving§
do
286.4
35.9
250. 4
19.6
287 5
36.3
251. 2
20.0
287 3
36.1
251 2
21 5
OCR 1
299
208
197
164
9
23
11
49
25
12
10
9
8
6
1
9
5
2
1
9
3
8
298 9
206 4
194 6
161 2
9 7
23 7
11 8
49 4
25 6
13 0
10 8
206 0
194. 9
161 5
95
23 8
11.7
49 0
25.9
12 2
10 9
32.8
252 3
21 8
32.9
259 9
11 7
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates :j
Total personal income
_ bil.ofdol
Wage and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries
do
Service industries
do
Government..
.
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
bil.ofdol—
Total nonagricultural income
do
i\
287.3
288 2
286 4
287 7
287 8
9
87 2
287 0
284 9
m
199.9
89.3
51.9
25.0
33.7
63
48.8
22.8
13 6
201. 4
89 8
52.7
25.3
33 6
64
47 9
23.0
13 6
200. 6
89 2
52.4
25.2
33 8
65
46 6
23.2
13 6
199.2
88 0
52.5
24.9
33 8
65
48 9
23.4
13 7
199. 1
87 9
52. 5
25.0
33 7
66
48 0
23.5
146
197.9
87 0
52. 4
25. 0
33 5
6 6
49 1
23.7
13 9
196.0
85 5
52.1
25.0
33 4
194.7
84 5
51.9
24.8
33 5
194.7
84 6
51.8
24.9
50 2
23.8
49 6
23.9
49 6
23.9
-t e A
4.1
4.1
4.1
4.0
4.0
4.0
4.1
4.7
4.8
4.7
4.6
271.5
273. 0
272.6
271. 9
272.7
271.3
269. 6
267.9
268.2
268. 8
209. 1
fi 7
H
A
00
194.5
194. 3
' 195. 0
195. 2
52.0
25.0
52.0
25.2
r 52. 3
23.9
24.0
5C.4
25.2
33. 4
6. 6
49.4
24.1
15. 8
R4. 9
CQ 7
25.2
4
c ft
14. ft
6.6
r
24.0
15.8
4.6
' 269. 7
4.7
270.1
NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries, quarterly total!
mil. of doL.
7,289
7,098
7, 666
6,240
i 7,034
Manufacturing
._
do
3,192
2,945
3, 392
2.641
3,001
Mining
._
do
234
265
288
223
9A9
Railroads
do
359
300
341
248
248
Transportation, other than rail
do
!
366
386
376
360
343
Public utilities
do.
1,158
1,219
1,246
910
1,
167
"
""
Commercial and other
do
1,979
1,984
2 023
1 859
. ,
* r< . * . • , * . i~
••Revised.
i Estimates based on^anticipated capital expenditures of business; those for the 3d quarter of 1954 appear on p. 6 of the June 1954 SURVEY.
™
„ ™ „« ,^ ~
5 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown
rte ly
tIm
S
t Revised
series.
mn^^vi%nn?^i
t
TV?
i5«
^national
income
and
product
ha
ve
been
revised
back
to 1939 (annual data, to 1929); quarterly and monthly estimates of personal income, back to
1929 (mo
SvfetoM for W62 appear^n^yiO oftoe^a^lS^E^Y001111116 Natlonal Income SuPPlement)- Foi> quarterly data prior to 2d quarter 1953, see pp. 8 and 9 of the July 1954 SURVEY.
tRev
:::::::::: ::::::::::
309117°—54
4
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 1954
1954
1953
June
July
August
Septem-
October
November
December
January
February
March
April
May
June
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments, total
mil. ofdol..
Farm marketings and CCC loans, total
do
Crops
-do
Livestock and products total
do
Dairy products
do
Meat animals
do
Poultrv 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:
\l\ commodities
1935-39=100
Crops
do
I ivestock and products
do
2,156
2, 130
1,440
402
714
295
2,404
2,390
996
1,394
386
682
302
2,461
2,453
1,060
1,393
364
695
320
3,169
3,164
1,718
1,446
334
768
330
3,700
3,693
2,169
1,524
336
812
355
3,443
3 439
1, 865
1 574
334
858
366
2, 986
2 974
1,550
1 424
336
739
331
2,629
2 611
1,195
1 416
329
790
276
1,960
1 946
643
1 303
313
703
267
2,014
1,990
538
1,452
342
813
279
1,914
1 881
494
1,387
345
758
258
2,062
2 033
589
1,444
389
757
258
321
243
379
361
352
367
370
375
367
477
607
381
557
767
401
519
659
414
449
548
375
394
422
373
294
227
343
300
190
382
284
175
365
307
208
380
137
94
169
153
148
157
156
154
158
192
231
164
226
289
179
203
227
186
178
198
162
160
167
155
123
96
143
127
78
164
120
67
161
133
78
174
690
INDUSTRIAL PRODUCTION
Federal Peserve Index of Physical Volume\
Unadjusted combined indexf
1947-49—100
136
129
136
135
136
130
124
124
126
125
123
do
do
do__ _
do ._
do
do__ _
do
do
do_ .do
138
155
138
143
144
168
139
159
146
184
130
147
124
137
143
161
135
148
138
168
137
153
130
138
141
166
140
157
137
197
137
151
127
134
147
164
137
158
137
200
138
154
129
136
147
167
137
161
138
205
132
146
122
129
146
158
130
154
135
191
125
140
110
114
145
155
126
149
137
172
126
140
113
115
145
155
124
146
132
172
128
141
113
114
147
155
123
147
134
172
127
139
108
106
147
153
121
145
132
172
125
137
r
107
105
r
147
150
* 120
141
128
166
' 124
136
r
108
108
147
r
147
r
121
T
138
126
r
162
125
135
110
109
Transportation equipment
do
Autos
do_ _ _
Trucks
. - -- - do ..
\ ircraft and parts
do
Instruments and related products
do
Furniture and
fixtures
_- do
Lumber and products
do
Stone clay and glass products
do
Crlass and pottery products
do
Miscellaneous manufactures
do
193
166
106
452
189
153
127
473
153
116
122
137
123
143
182
134
115
480
155
115
121
136
122
144
189
151
106
481
156
116
123
139
128
148
173
107
95
463
156
114
114
134
122
145
174
107
98
483
155
112
99
128
116
138
181
135
103
483
148
106
104
122
115
128
181
138
103
489
147
107
116
126
120
133
180
142
101
485
145
106
117
128
121
131
179
151
101
'475
140
r
101
119
128
T
117
125
r 17"
122
136
123
140
190
161
118
461
151
113
112
132
113
133
146
'100
r
472
r 138
* 98
r
122
130
r
117
124
173
143
9 95
471
136
100
115
131
116
127
do
do
do
do
do
-do
do __
do
do
do
121
108
105
105
103
119
107
110
111
114
113
112
110
98
102
121
107
94
93
95
121
118
118
102
101
118
108
117
107
110
122
124
127
111
102
113
108
111
102
105
122
120
121
123
101
116
118
116
100
101
118
111
114
135
99
99
100
111
96
102
110
99
102
125
97
84
80
92
87
90
111
97
101
126
95
82
78
98
91
97
114
96
98
112
97
89
86
96
95
100
115
98
98
115
96
r
98
'98
101
94
100
113
98
'97
106
96
103
100
99
93
99
\pparel and allied products
do
Leather and products
... - ... do
Paper and allied products
do
Pulp and paper
do
Printing and publishing
do
Chemicals and allied products
do
Industrial chemicals
do
Petroleum and coal products
..do
Petroleum refining
do
Rubber products
do. _ _
117
97
134
133
120
146
161
131
136
131
102
91
120
117
114
141
157
132
137
114
115
103
135
133
116
143
157
135
138
122
106
94
135
130
122
145
151
133
136
122
107
97
140
138
126
151
151
131
135
127
100
89
135
133
126
150
149
131
137
120
98
87
119
117
122
146
147
128
137
111
104
94
126
128
116
146
145
125
134
114
111
102
133
132
118
150
150
126
136
114
110
100
135
133
121
150
150
121
129
118
120
81
134
142
130
117
69
135
138
130
122
85
135
140
133
122
84
136
139
131
118
84
131
122
132
113
76
131
95
126
111
71
133
74
122
111
74
134
74
108
110
68
135
76
113
do
136
137
136
133
132
129
126
125
M" an uf actures
do
Durable manufactures
.
do
Primary metals
do
Metal fabricating (incl. ordnance)
do
Fabricated metal products
do
Machinery.. _. __
_ .do
^Nonelectrical machinery
do
Electrical machinery. - . d o
138
154
137
168
139
161
144
194
139
157
136
171
142
164
145
200
138
157
137
171
140
165
145
203
135
152
130
166
135
161
141
200
134
151
128
166
134
159
141
193
131
146
122
159
130
152
136
184
127
142
113
156
126
146
133
172
127
140
111
154
126
143
130
169
188
157
122
114
134
145
196
156
121
119
135
143
191
156
119
116
135
146
186
155
114
114
134
140
189
154
113
117
133
140
180
155
109
115
132
138
182
154
106
110
129
136
121
106
103
111
115
99
121
108
103
108
114
104
119
108
104
104
109
97
117
109
104
100
104
91
117
108
106
98
107
93
115
108
108
95
101
91
112
103
112
90
101
93
Manufactures
_ __ Durable manufactures
Primary metals
-Steel
Primary n on ferrous metals
Metal fabricating (incl ordnance)
Fabricated metal products
M^achinerv
Nonelectrical machinerv
Flectrical machinery
t^ endurable manufacture^
Food and beverage manufactures
Food manufactures
Meat products
Baker v prf*ducts
Beverages
Alcoholic beverages.
Tobacco manufactures
Textile-mill products
Cotton and synthetic fabrics
,
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
Adjusted, combined in dexf__
do
do
-do
do _
do
-
Transportation equipment_ . do
Instruments and related products
do
Furniture and
fixtures
do
Lumber and products
do
Stone, clav, and glass products...
do
Miscellaneous manufactures
do
Nondurable manufactures—.
Food and beverage manufactures
Tobacco manufactures
Textile-mill products
Apparel and allied products
Leather and products
r
.do
do
do
do
do
do. ..
157
117
r
r
123
r
r
r
v 124
146
122
137
125
1 63
113
103
100
105
95
115
108
108
r
94
T
99
116
111
107
108
v 97
126
114,
102
94
136
131
122
147
r
150
r
120
'12$
'115
96
89
134
132
' 121
144
T
149
T
123
r
130
r
118
v 102
P 95
p 135
109
61
136
73
114
' 109
T H9
58
137
' 79
r
119
r
r
v 114
P 63
v 135
v 118
v 127
125
123
123
r
124
v 124
126
139
109
151
123
141
130
163
124
135
103
147
120
138
125
163
125
134
1^6
135
106
147
T 121
v 125
v 135
' 109
p 146
v 122
v 140
P 123
p 171
183
148
105
115
125
130
178
147
103
120
130
132
171
144
104
116
130
130
113
105
100
90
103
94
113
106
98
90
100
94
T
114
' 106
103
91
103
93
r
T
r
r
T
T
r
T
103
146
119
138
125
163
172
139
103
114
128
r 127
115
r 107
103
93
r
108
94
r
62
134
107
'125
r
137
r 124
r
163
r
v 93
v 96
»
P
v
v
v
v
120
144
152
125
132
121
175
' 138
' 102
' 120
130
v
p
p
v
p
i»
r
T HO
v 116
P 109
108
'95
104
94
P 93
p 100
p 97
r 128
116
168
136
104
108
129
131
Revised.
» Preliminary.
^Revisions for 1951 and 1952, incorporating more complete data, appear on p. 24 of the April 1954 SURVEY.
tRevised series. The index has been improved in this revision by (1) incorporation of a number of new series; (2) revision of weights, seasonal adjustment factors, and working-day allowances; (3) adoption of a more recent comparison base period; (4) use of improved industrial classifications, and (5) development of an independent set of annual indexes from the more comprehensive data available at yearly intervals. For a detailed description of the revision and monthly and annual data beginning 1947, see the December 1953 issue of the FEDERAL RESERVE
BULLETIN.
SURVEY OF CURRENT BUSINESS
August 1054
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-3
1953
June
July
August
September
1954
October
November
December
January
February
March
129
11°
131
119
133
1 4fi
14R
April
May
June
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index of Physical Volume 9— Con.
A d justed— Continued
Manufactures— Continued
Nondurable manufactures— Continued
Paper and allied products
- 1947-49=100
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber products
do
Minerals
*
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
do
do ._
-- do_ _
._ - do. ..
do
134
121
150
131
130
134
121
152
132
130
133
121
148
132
127
135
121
147
131
121
132
123
146
129
120
132
121
145
l°n
118
119
86
134
117
125
120
87
135
116
125
119
86
135
117
124
118
81
136
117
123
114
76
131
108
124
111
70
131
103
125
113
69
133
101
127
113
50, 003
25, 882
50, 398
26 366
13, 410
12 956
48, 138
25. 067
12, 730
12 337
48 652
25 379
12 698
12 681
9 291
3,051
6 240
13 982
4 865
9 117
48
25
12
12
9
518
256
867
389
158
47 '^09
46 45()
23 902
11 580
12 322
8 926
81, 805
47 044
26 987
20 057
12 041
6 278
5 763
22 720
10 727
11 993
81, 276
46 909
26 975
19 934
11 930
6 127
5 803
22 437
10 574
11 863
81,072
126
120
1 40
124
112
125
1 90
1 98
116
1 '-{7
r 19A
ion
126
110
1 22
113
113
113
68
135
101
124
112
r inn
fi9
CO
136
96
124
T "I 07
r 120
Qn
12°
46 714
47 flQ4
47 ft°.fi
r 4A Ql 4
nr\
134
103
119
r
O.)
78
121
148
125
J> 119
v 113
v 69
BUSINESS SALES AND INVENTORIES}
M a n u f a c t u r i n g a n d t r a d e s a l e s (adjusted) total t
mil. of doLManufacturing total t
do
Durable-goods industries
do
Nondurable-goods industries
do
Wholesale trade, total t
do...
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade, total
.., do
Durable-goods stores
do
Nondurable-goods stores
do
Manufacturingandtra.de inventories, book value, end
of month (adjusted), total t
mil. of del.
Manufacturing total t
- do._
Durable-goods industries
..do
Nondurable-goods industries
do
Wholesale trade, total t
do
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade total f
do
Durable-goods stores
-- do
Nondurable-goods stores. - _
- - do_ _ _
13.166
12, 716
9,709
3,160
6,549
14, 412
5,103
9,309
80, 167
46. 160
26, 048
20, 112
11, 713
9,563
3,153
6,410
14, 469
5 102
9, 367
8,998
3,092
5.906
14,073
4 914
9,159
284
010
376
634
234
2,982
6
14
5
9
252
040
029
Oil
47
24
11
12
9
2,994
6
14
5
9
164
104
005
099
94' 1 9fi
11 576
lo' c c n
Q 1 ci
3,011
61 4n
13 932
4 626
9 306
2,859
6
13
4
9
79, 516
25 276
12 484
12 792
26 163
12 917
13 246
26 845
13 223
13 622
23 792
11 499
12 293
9<> Q9Q
Value (adjusted), total
do
Durable-goods industries, total do
Primary metal
...do
Fabricated metal products
do
Electrical machinery and equipment- do
Machinery, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and
fixtures--.
do
Lumber products, except furniture
do
Stone, clay, and glass products
do
Professional and scientific instruments -do
Other industries, including ordnance-.-do
25. 882
13. 166
25. 067
12 730
2,154
1 190
1,438
2 099
2,210
1,031
380
776
582
326
544
25, 379
12 698
2 084
1 219
1 536
2 163
2 023
1,008
370
726
607
355
607
25, 010
12 376
1 985
1 139
1 391
2 039
2 095
1,140
364
715
575
353
580
24, 256
11 867
1 874
1 150
1 3°4
o' 068
1 918
925
334
723
583
402
566
24, 126
1,311
1,486
2,164
2,190
1,006
365
767
627
395
633
26, 366
13 410
2 335
1 309
1,462
2 125
2,381
1,032
334
815
611
416
590
Nondurable-goods industries, total. . _ do
Fo:,d and kindred oroducts...
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
Inventories, end of month :f
Book value (unadjusted), total
.do
Durable-goods industries.
do
Nondurable-goods industries.
do
By stages of fabrication:!
Purchased materials
do
Goods in process
do
Finished goods
do
12, 716
12 956
1 2, 337
12 389
3 771
' 635
339
1 006
835
251
709
778
1 606
2 113
346
f^fi
3
Of"}
448
12 634
3 890
666
304
1 038
910
243
738
745
1 643
2 062
395
19
617
314
1,098
891
264
735
676
1,608
2,081
409
12 681
3 836
662
315
1 031
854
266
752
707
1,640
2, 202
416
46, 334
26, 339
19, 995
46, 436
26 463
19, 973
46, 489
26 '564
19, 925
46, 646
26 612
20, 034
46, 529
26 598
19, 931
46, 532
26 549
19, 983
46, 947
46, 772
20, 250
20, 174
16,096
16, 241
13 698
16 497
16, 244
13 645
16 600
16, 425
13 551
16 670
16, 402
13 351
16 776
16, 377
16, 419
16, 023
2,222
3,594
551
310
1,181
843
286
741
809
1,697
2,268
436
13, 762
16, 476
12,317
3,796
570
301
1,181
869
328
766
740
1,720
2,237
3,645
1 o 140
r ' on A
5 7^9
99' fifii
10 668
1 1 ' 993
11 61 5
1
fvd^
Q °.fift
OC Q,fr
12 383
5,664
Q H49
oc nnn
24, 700
6 259
14. 949
4 889
80, 093
26, 058
13. 586
12, 472
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales:!
Value (unadjusted), total ,.
mil. of dol
Durable-goods industries
do
Nondurable-goods industries
do
22, 294
10, 472
11, 822
11,923
10 onn
9fi 1fi8
1Q Q47
11 854
r' 04-1
22 775
10, 624
12, 151
6,007
5,706
2,822
80, 390
23 062
10' 870
12 1 9'^
23, 902
1 1 5SO
l' 609
Aa
-I-\K
6 01 °>
99 4.91
10 ^84
11 837
1 9 0,77
in Qfis
23, 620
12, 858
o Q7A
2,870
80, 688
46 382
26 526
19 856
11 785
5 866
5 919
22 521
10 688
11 833
82, 000
47 087
26 958
20 129
11 989
6 245
5 744
22 924
10 921
12, 003
1 Q' 07n
11 689
U
CflO
6 998
13 972
4 74K
9 228
81, 586
46 888
26, 788
20 100
26 75*^
2,894
n
ooe
067
622
436
186
81, 116
46, 485
26, 392
20 093
11, 888
6 223
5, 665
22, 743
10, 730
12, 013
Ap. 799
oq con
U 978
19 °,49
9 1 99
U
fi4°.
5
Q1 f\
r n 010
r
9 H4A
947
345
731
540
423
572
K79
1 328
i ' 959
2 101
1,005
325
659
517
364
537
931
971
659
573
348
536
688
569
353
549
693
547
356
541
1 9 °.99
3 809
1 O4H
QQ9
873
857
291
9R7
701
fiSO
774
1 601
2 186
CCQ
1
2
628
309
1,060
10, 383
12, 217
24, 285
r
12, 098
12, 563
r
r
23, 978
11, 344
1, 505
1, 156
1,291
1,862
24, 176
11, 318
1,558
1, 181
1,309
1,860
1,960
928
336
676
603
347
560
2,083
r
940
317
'680
'601
'354
r
555
305
290
12, 634
r
3,r 827
672
304
r
1,115
r
826
r
r
r
r
14Q
' °.RQ
46, 355
26, 235
20, 120
15, 783
13, 285
17, 287
388
•
45, 959
26, 042
19,917
15,371
13,311
17, 277
78, 957
5,767
6,086
22,600
r
12, 679
9,415
44,504
1,941
942
5,024
24, 593
19, 911
11, 853
1 -1 7f»
1 349
79, 372
S14
24, 418
2,930
6, 155
10 419
19 978
H
24, 064
2,836
297
714
1,664
2, 089
357
12, 858
3,871
617
297
1,072
798
339
775
812
1,722
2,198
45, 351
25, 629
19, 722
'r 44, 974
25, 336
' 19, 638
44, 638
14, 930
13, 212
17, 209
T
r
r
14, 834
12, 603
17, 201
14, 826
12, 889
17, 259
24,880
19, 758
Book value (adjusted) , total
do
46, 160
46, 485
46, 888
47, 087
47, 044
46, 909
46, 722
46, 382
46, 115
45, 183 ' 44, 798 44,504
45, 774
Durable-goods industries, total
do
26, 048
26, 392
26, 788
26, 958
26, 987
26, 975
26, 752
26, 526
26, 168
25, 345 ' 24, 926
25, 900
24, 593
Primary metal..
_
do
3 318
3 382
r
3 456
3 513
3 507
3,388
3,344
3,226
3,354
3, 153
3,090
Fabricated metal products
do
2,717
2 815
2 914
r
2 962
3 038
3 1 4^
2, 948
2,837
2,917
2,
768
2,799
Electrical machinery and equipment do
3,305
3 366
r
3 424
3 425
3 484
3 489
3,326
3,
167
3,248
3,
103
3,022
Machinery, except electrical
do
5,555
5,628
r
5,690
5,667
5,665
5,735
5,647
5,551
5,512
5, 416
5,297
5,
222
5,138
Motor vehicles and equipment
do
3,420
3,435
r
3,476
3,498
3,445
3,377
3, 396
3,482
3,380
3,189
3,296
3,
098
3,016
Transportation equipment, n. e. s
do.""
2,728
2,707
r
2,720
2,751
2,702
2,700
2,769
2,784
2,732
2,690
2,753
2,
652
2,625
Furniture and
fixtures
do
681
697
681
674
679
670
642
661
666
665
665
661
660
Lumber products, except furniture
do."]
1,049
1,068
1.096
r
1,123
1,121
1,090
1, 033
1,022
1,015
1,025
1,010
1,r 003
995
Stone, clay, and glass products
do... I
883
879
875
884
901
878
890
907
917
916
906
9!9
898
Professional and scientific instruments -do
853
866
875
878
881
882
882
895
883
874
883
'888
876
Other industries, including ordnance. _ _ do. Ill
1,539
1,549
r
1,581
1,583
1,564
1,521
1,497
1,482
1,445
1,465
1,446
1, 459
1,474
p Preliminary.
9 See note marked "t" on p. S-2.
§The term "business" here includes only manufacturing and trade. Business inventories as
tyP6S f producers both farm and
°
»
nonform. Unadjusted
data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, S band Q-w'
t Revised series. Data have been adjusted to more recent benchmarks; all revisions prior to 1953 are available upon request (most of the data published in the 1953 issue of BUSINESS
STATISTICS are now obsolete).
{Revised data beginning December 1949 appear on p. 22 of the June 1954 SURVEY.
SUEVEY OF CUERENT BUSINESS
S-4
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August I.0".4
1953
June
July
August
Septem-
ber
1954
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
May
April
June
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month f— Continued
Book value (adjusted), total— Continued
Nondurable-goods industries, total _ .mil . of dol _ .
Food and kindred products
do. _ _
Beverages
__do
Tobacco manufactures
-do
Textile-mill products
__do
\pparel and related products
do
Leather and leather products
- do
Paper and allied product9
do
Printing and publishing
do
Cheniicals and allied products
do
Petroleum and coal products
do.
Rubber products
- __do
New orders, net:t
Unadjusted total
Durable-goods industries
__
Nondurable-goods industries
20, 112
3,489
1,222
1,811
2,693
1. 906
20, 093
3,433
1,242
1,804
2,666
1,866
20, 100
3,411
1,186
1,839
2,646
1,876
20, 129
3,445
1,139
1,834
2, 612
1,907
20, 057
3,468
1,142
1,811
2,614
1,862
1,048
1,030
1,024
1,038
1.044
584
750
3,065
2,630
914
568
755
3,108
2,696
925
562
773
3, 142
2,744
897
574
772
3,169
2,731
908
577
768
3,140
2,750
881
19, 934
3,511
1,129
1,789
2,543
1,845
19, 970
3,525
1,155
1,812
2,513
1,901
19, 856
3, 524
1,162
1,842
2,464
1,872
19, 947
3,589
1,161
1,840
2.455
1,863
19, 874
3,598
1,196
1,833
2,442
1 791
19, 838
3 596
1, 188
1,865
2,412
1 762
1,050
1,044
1,034
1,048
1 050
1 047
3 072
2 703
3 061
2 738
582
570
752
776
3,107
2,747
3,093
2,725
867
868
581
769
3,067
2,697
844
573
762
3,080
2,719
857
573
767
849
580
777
812
25,654
12, 985
12, 669
23, 832
11, 588
12, 244
22, 672
10, 133
12, 539
23, 235
10,090
13, 145
23, 282
9,830
13,452
20, 955
8,930
12, 025
21, 448
9,347
12, 101
20, 882
8,687
12, 195
21, 526
9,495
12, 031
23, 857
10, 779
13 078
22, 944
10. 290
12 654
Adjusted
total
do
Durable-goods industries, total
do _
Primary meta^
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-goods industries, total
do
Industries with unfilled orders 9
-_do
Industries without unfilled orders!
do
25, 152
12, 392
2.390
1,012
1,303
2,084
24, 525
11, 600
1,957
1,073
1,582
1,752
22, 339
10, 139
1,751
1,214
1,134
1,676
22, 661
10, 110
1, 635
1,041
1,082
1,843
22, 163
9,677
1,500
22, 026
9, 567
1, 450
1.045
949
1,613
20, 749
8,475
1,205
22,016
9,629
1,278
22, 859
10 206
1 269
23 017
10 021
1 353
1,039
1,798
21, 594
9,631
1,666
1,089
886
1,800
987
1,378
1,264
1, 599
956
954
948
1 677
1, 049
1 705
2,875
2,728
12, 760
3,061
9,699
2,347
2,889
12, 925
2,983
9,942
1, 882
2,482
12, 200
2, G36
9,564
2,114
2,395
12, 551
2,626
9,925
2,127
2,370
12, 486
2,617
9,869
2, 084
2,106
11,963
2,318
9,645
2,289
2,221
12, 459
2,691
9,768
2,198
1,961
12, 274
2,631
9, 643
2, 255
2,301
12, 387
2, 862
9, 525
2 922
2,434
12 653
2 830
9,823
2 683
2,277
12 996
2 925
10, 071
Unfilled orders, end of month (unadj.), totalf_do
Durable-goods industries total
do
Primary metal
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
Nondurable-goods industries total 9
do
73, 588
70, 095
6,977
5,790
12, 286
9,928
72, 720
69, 366
6,910
5,728
12, 520
9,793
70, 116
67,015
6, 562
5,609
12, 204
9,512
67, 188
64, 188
6,103
5, 517
11,718
9,118
63, 626
60, 796
5,640
5,052
11, 279
8,785
60, 789
58, 227
5, 355
4,798
10, 687
8, 545
58, 308
55, 959
5,108
4,643
10.317
8, 156
56, 128
53, 776
4,729
4 435
10, 059
7 770
54, 681
52 303
4, 448
4 201
9,962
7 435
53, 241
50 874
4 202
3 994
9 489
7 083
28, 803
6,311
3,493
27, 767
6,648
3, 354
26, 559
6,569
3,101
25, 658
6,074
3, 000
24, 338
5,702
2,830
23, 726
5, 116
2, 562
23, 044
4,691
2,349
22, 322
4, 461
2 352
21 740
4,517
2 381
do
do
do
843
746
932
'r19, 872
3 544
r
1, 195
r
1, 877
2,412
r
1 792
'581
r
1 061
'756
T
3 053
r
2, 791
810
r
19,911
3, 533
1,217
1,874
2,418
1 763
590
1 044
751
3 098
2,813
21, 708
' 9, 472
12,236
23, 070
10, 267
12 803
22, 819
10 050
1,r 273
918
r
1, 000
r 1 657
22, 877
9 965
1,450
1 231
865
1 745
r 2 820
r
2, 382
r 12 769
r
3 030
T
9, 739
2 162
2, 512
12 912
3 052
9,860
51, 695
40 350
3 964
3 823
9 261
6 828
r
r g 952
T g 523
48. 925
4f> 202
3 432
3 716
g' 5gq
6 297
21 658
4 448
2 367
21 188
4 286
2 345
r 20 789
r
4 097
r 2 483
20 096
4 072
2 723
r
r
r
T
50, 140
r 47 557
r
3 667
r 3 Q29
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURNOVER
Operating businesses end of period, totalf thous
Contract construction
--do
Manufacturing
do
Service industries
- do
Retail trade
do
Wh olesal e trade
do
All other
do
New businesses, semiannual totaljManufacturing
-_
Service industries
Retail trade
Wholesale trade
All other
-do
do
-- do
do
- do
do
..-
Discontinued businesses, semiannual total t
Contract construction
Manufacturing.
Service industries
-Retail trade
Wholesale trade
All other
_ Business transfers, semiannual totalf--
do
do
-do
do
do
do
do_- .
..do
r
4, 205. 7
432.3
326.6
741.9
1, 859. 2
285. 0
560. 7
4, 185.3
' 431. 3
' 321. 8
' 739. 0
' 1,
849. 9
r
285. 6
»• 557. 5
199. 3
40.4
16.0
29.6
77.4
11.9
24.0
141. ^
23 9
10.4
23.1
58.1
8.6
17 1
r
172.4
25.8
16.3
26.7
71.1
22.7
161 6
'24.9
'r 15.2
25 9
'67.3
r
8. 0
r
20. 3
206.0
151.2
9.8
BUSINESS INCORPORATION So*
New incorporations (48 States)
_
8,926
8,703
7,487
7, 433
8,, 267
7, 269
8,915
9,543
8,533
10, 514
10, 272
9, 280
9,748
number..
do
do
do
do
do
817
74
724
43
64
164
380
73
700
49
92
148
340
71
686
31
99
145
419
80
840
75
815
66
b!3
64
867
60
926
74
1,102
87
975
66
943
81
965
81
9An
208
Q1
en
thous. of dol__
_ do
do
do
do
do
32, 379
1,759
3 200
11, 179
12, 464
3 777
39,830
1,210
2 789
17, 139
11,282
7 410
28, 529
1,077
3 868
10 267
10, 275
3 042
number..
INDUSTRIAL AND COMMERCIAL
FAlLURESd*
Failures, total
Commercial service
Construction
Manufacturing andmining __
Retail trade
Wholesale trade
_
Liabilities, total.
Commercial service.
Construction
Manufacturing and mining
Retail trade
Wholesale trade -
_
89
145
336
85
33,817
1,286
4 451
13 676
9,790
4 614
89
188
404
84
97
175
389
88
89
193
382
85
37, 076
3 848
4 366
14 956
9,671
4 235
36, 795
2 687
4 621
13 568
11 083
4 836
43, 754
1 871
4 154
23 731
9 757
4 241
86
192
450
79
109
207
449
87
29, 592
3 134
3 166
11 431
8 623
3 238
47, 774
4 341
4
23
11
4
089
043
770
538
143
198
551
123
92
200
535
82
57, 280
3 506
7 255
15 359
26 043
5 117
42, 512
1 648
38, 494
41, 613
20 568
12 030
1 ^ A91
-10 t KA
U
U 799
1 '-t9
9 Qfi1
q AGO
4
7«JQ
2
r\AZ
K-7A
' Revised.
fRevised series. For manufacturers' inventories and orders, see corresponding note on p. S-3. Beginning 1953, data for operating businesses and business turnover will be
published on a semiannual basis; revised annual data for number of operating businesses (1929-52), new and discontinued businesses (1940-52), business transfers (1944-52) semiannual data
for operating businesses (second half 1944-52) by industry, and revisions for first three quarters of 1952 for all series as above (except transfers) are shown in the January 1954* 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.
FRASERcfData are from Dun & Bradstreet, Inc.
Digitized for
SURVEY OF CURRENT BUSINESS
August 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-5
1954
1953
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
Tobnceo
-do
Cotton
-do
Fruit
do
Commercial vegetables, fresh market— do
Oil-bearing crops
do
I ivestock and products
Meat animals
Dairv products
Poultry and e^gs
do
do
do
do
Prices paid:
\11 commodities and services
do__
Family living items
do
Production items
do__ _
\11 commodities and services, interest, taxes, and
wage rates*
1910-14=100..
257
246
255
232
276
299
275
230
266
273
282
234
262
273
249
259
270
247
267
300
255
213
280
319
261
223
276
305
265
229
260
271
247
261
271
250
278
209.7
259
270
248
218
263
207
263
All commodities ( U . S . Department of Commerce
index)
1935-39=100--
258
270
246
198
255
252
268
- - ---do. ..
269
285
282
218
229
195
433
269
205
191
251
223
H4
439
275
189
298
280
r
263
267
288
224
249
229
215
205
430
278
185
277
258
237
224
269
259
240
233
207
420
254
222
271
268
257
235
218
204
426
270
193
93
Piritv ratio 9 1
260
237
222
204
425
267
219
219
207
452
280
204
249
234
254
238
256
239
257
240
258
249
236
208
443
258
210
238
208
443
263
212
234
208
443
267
217
227
207
446
272
215
233
269
246
275
225
283
279
286
248
244
216
205
445
274
949
200
283
'111
309
274
213
277
315
267
208
271
316
257
188
271
333
237
178
267
331
230
168
251
299
229
168
260
270
250
263
271
254
264
271
255
264
272
255
265
273
256
267
276
256
r 2(55
T 27Q
252
230
205
427
260
237
279
277
276
277
278
282
282
283
283
284
282
94
91
13
9(
90
91
92
91
90
91
91
88
210.1
210.1
210.3
210.0
208.9
209.1
209.5
208.9
208.3
208.1
' 208. 7
r
RETAIL PRICES
Consumer price index (U.S. Department of Labor) :
\llitems
,1947-49=100-.
Apparel
do_ -.
Food
do
Dairy products
do
Fruits and vegetables
do
Meats poultry and
fish
- do
Housing
Gas and electricity
Housefurnishings
Rent
Medical care
Personal care
Reading and recreation
Transportation
Other "oods and services
_.
-
do
do
do
do
do
do
do
dD
do
_-
209.0
1
114. 5
104.6
113.7
107.5
121.7
111.3
114.7
104.4
113.8
108.3
118.2
112.0
115.0
104.3
114.1
109 1
112.7
114.1
115.2
105.3
113.8
109 6
106.6
113.5
115 4
105.5
113.6
110 1
107 7
111. 1
115. 0
105.5
112.0
110 5
107.4
107.0
114. S
105. 3
112.3
110 3
109.2
107.8
115.2
104.9
113.1
109 7
110.8
110.2
115.0
104.7
112.6
109.0
108.0
109.7
114.8
104.3
112.1
108 0
107.8
109.5
114.6
104.1
112.4
104.6
110.0
110.5
115.0
104. 2
113.3
103.5
114. 6
111.0
117.4
106. 4
108.0
123.3
121. 1
112.6
107.8
129.4
118.2
117.8
106.4
108.1
123.8
121. 5
112.6
107.4
129.7
118.3
118.0
106.9
107.4
125. 1
121.8
112.7
107.6
130.6
118.4
118.4
106.9
108 1
126.0
122.6
112.9
107.8
130. 7
118.5
118 7
107.0
108 1
126 8
122.8
113 2
108.6
130 7
119.7
118.9
107.3
108.3
127.3
123.3
113.4
108.9
130.1
120.2
118.9
107.2
108.1
127.6
123.6
113.6
108.9
128.9
120. 3
118.8
107.1
107.2
127.8
123.7
113.7
108.7
130.5
120.3
118.9
107.5
107.2
127.9
124.1
113.9
108.0
129.4
120.2
119.0
107.6
107.2
128.0
124.4
114.1
108.2
129.0
120.1
118.5
107.6
106.1
128.2
124.9
112.9
106.5
129.1
120.2
118.9
107. 7
105.9
128.3
125.1
113.0
106.4
129.1
120.1
118.9
107.6
105.8
128.3
125.1
112.7
106.4
128.9
120.1
109.5
110.9
110.6
111.0
115. 1
104.2
113.8
102.9
117.1
111.1
WHOLESALE PRICEScf
U S Department of Labor indexes:
All commodities
1947-49=100
110 2
109.8
110.1
110.9
110.5
110.5
111.0
110.9
110. 0
Farm products
do
Fruits and vegetables, fresh and dried do
Grains
do
Livestock and live poultry
do
95.4
109.9
84.2
86.8
97.9
94.7
85.4
95.9
96.4
98.0
86.5
88.1
98.1
96.0
88.3
90.6
95.3
94.2
87.9
82.0
93.7
94.2
89.3
78.4
94.4
89.8
90.6
83.9
97.8
91.2
91.3
91.8
97.7
89.7
91.6
91.3
98.4
89.6
93.0
92.4
99.4
97.4
92.9
94.9
'97.9
104. 4
91.2
93.0
94.8
96.6
86.5
87.7
Food^, 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
103.3
107.9
107.7
105.5
108. 5
110.0
104.8
108.4
110.7
106.6
110.8
ir.s
104.7
112.0
112 7
103. 8
112.6
113.9
104.3
112. 2
111.3
106.2
112.4
109.4
104.8
112.7
107.4
105.3
112.6
106. 1
105.9
113.2
103.0
106.8
* 113. 3
101.7
105. 0
113.5
102. 4
103.7
91.6
105.0
97.0
104.7
93.6
104.7
97.4
104.9
88.9
104.7
86.2
103. CJ
89.7
103.8
96.4
103.0
92.9
103.0
92.8
103.3
94.3
104.5
98.3
104. 7
92.3
113.9
105.6
119.2
93.1
46.6
110.6
110.8
114.8
106.2
120.2
93.6
46.7
113.8
110.7
114.9
106.3
120.2
93.5
46.9
113.8
110.7
114.7
106.7
120.0
93.5
51.1
113.0
111.0
114.6
106 7
119.5
93.5
53.3
112.9
112.1
114.5
107.2
119.2
93.5
58.0
112.9
112.7
114.6
107.1
118.6
93.8
58.6
113.9
112.7
114.6
107.2
118.4
93.9
61.2
114.0
112.8
114.4
107.5
118.4
93.9
63.5
114.0
112.8
114.2
107.4
117.9
93.9
60.5
114.0
112.8
114.5
107.2
117.4
94.0
59.8
114.1
112.8
114.5
107.1
117.3
94.0
' 59. 3
114.0
112.8
114.2
106.8
117.0
94.0
55.7
111.6
112.8
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
do
Prepared paint ©
_.do
r
r
108. 2
104. 6
101.8
' 109. 0
111.7
107.8
104. 7
101.8
107.8
110.9
115. 6
109.9
113.6
95.7
73.8
115.5
' 109. 9
113.5
95.7
73.8
115.4
109. 8
113.1
95.6
70.6
94.7
111.9
56.0
86.3
116.7
115.6
94.6
111.9
56.5
86.0
116.2
115.3
96.0
111.9
62.5
87.6
95.6
111.9
60.6
87.4
' 116. 1
116.3
115.5
124.5
122.3
131.7
126.8
118.9
124.4
122.3
131.6
126.5
118.9
Fuel, power, and lighting materials . .do
C oal
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
108.3
111.2
98.5
108.2
111.1
111.1
111.8
98.5
106.1
116.8
111.0
111.7
99.1
105.7
116. 5
110.9
112. 3
98.0
106.0
116.5
111. 2
112.5
98.5
106.6
116.6
111.2
112.5
99.6
106.3
116.3
111.1
112.5
100.7
109. 6
114.9
110.8
111.9
100.7
111.8
114.2
110.5
110.9
101.3
113.5
113.5
109.2
107.9
102.9
111.5
111.5
108.6
104.1
101. 8
112.3
112.1
114.3
108.1
114.1
95.4
75.0
114.7
108.8
113.8
95.0
74.3
114.8
108.9
113.8
95.0
74.0
114.9
109.1
114.2
94.8
74.2
114.8
109.0
114.2
94.8
74.2
114.9
109.0
114.1
94.3
74.2
115.0
109. 1
114.1
94.3
74.0
115.2
109.6
114.2
96.1
73.5
115.1
109.7
113.9
96.1
73.8
115. 0
109.5
113.7
95.7
73.8
Hides, skins, and leather products
Footwear
Hides and skins
Leather
Lumber and wood products
_
Lumber
_
_
101.0
111.7
76.3
98.0
121.5
120.7
100.0
111.7
73.4
96.1
121.1
120.2
99.9
111.8
74.6
95.0
120.4
119.3
99.7
111.8
74.2
94.5
119.2
118.3
97.1
111.7
64.4
90.4
118.1
117.2
97.1
111.8
64.3
90.4
117.3
116.3
95. (i
111.8
57.7
88.7
117.4
116.4
95.3
111.9
56.8
88.1
117.0
115.9
94.9
111.9
55.4
87.4
116.8
115.5
122.9
122.6
129.4
124.2
118.6
123.4
122.7
130.8
124.8
118.6
123.7
122.3
130.5
125.6
118.6
124.0
122.3
130.9
126.2
118.6
124.1
122.4
131.0
126.5
118.5
124.2
122.5
131.1
126.6
118.5
124.3
122.5
131.1
126.8
118.5
124.4
122.7
131.2
126.8
118.9
124.5
123.0
131.5
126.8
118.9
do
do
do.
do
do
do
Machinery and motive products
do_.
Agricultural machinery and equip.. .do
Construction machinery and equip. _do
Electrical machinery and equipment- do
Motor vehicles
...do
115.0
124. 4
122.6
'131.5
126.0
118.9
124. S
122.3
131.5
125.9
118.9
' Revised.
»Index on base previously used (1935-39=100) is 192.4.
§ Revised beginning 1910 to incorporate revisions in the component price series and to reflect changes in the basic weights; revised annual data for 1910-53 for prices received appear on p. 2$
of the April 1954 SURVEY. July 1954 indexes: All farm products, 247; crops, 248; food grains, 225; feed grains and hay, 202; tobacco, 446; cotton, 272; fruit, 228; commercial vegetables, 243;
oil-bearing crops, 286; livestock and products, 247; meat animals, 286; dairy products, 237; poultry and eggs, 171.
{Revisions for 1937-53 for prices paid and 1910-53 for parity ratio appear
on p. 24 of the April 1954 SURVEY.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
cPFor actual wholesale prices of individual commodities, see respective commodities.
©Wholesale price index for paint and paint materials, published in issues of the SURVEY prior to March 1954, has been discontinued.
SURVEY OF CURRENT BUSINESS
S-6
August 1054
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
August
September
October
November
December
January
F
£™- | March
April
May
June
COMMODITY PRICES—Continued
WHOLESALE PRICEScf— Continued
U.S. Department of Labor indexes:— Con.
Commodities other than farm prod., etc.— Con.
Metals and metal products
. 1947-49 = 100 . .
Heating equipment
do
Iron and steel
- do
Nonferrous metals
do_. _
Nonmetallic minerals, structural
do
Clay products
do
Concrete products
_ do
Q-ypsum products
do
Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubes
._
Textile products and apparel
Apparel
-Cotton products
Silk products
Synthetic textiles
Wool products
-
do
do
do
do
do
do
-- do
_.do
do
do
Tobacco mfrs and bottled beverages
Beverages alcoholic
Cigarettes'
-
do__ .
do
do
126.9
114.6
130.9
127.6
118.1
125.1
115.5
122.1
129.3
115.1
135. 7
126.4
119.4
131. 1
115.6
122.1
129.4
115.6
136.2
124.5
119.6
131.4
116.1
122. 1
128.5
115.8
134.6
122.8
120.7
132 0
117.4
122 1
127.9
115 8
133.4
122.1
120.7
132 0
117.4
122 1
127.9
115.8
133.6
122.3
120.8
132.1
117.4
122.1
127.5
115 5
132.8
122 1
120.8
132 1
117.2
122 1
127.2
115.3
132.0
121.5
120.9
131 9
117.2
122 1
126.2
114.8
131.0
119.8
121.0
131.9
117. 6
122 1
126.3
114.4
130.6
121.2
121.0
132.0
117.3
122 1
126.8
114.5
131.1
123.4
120.8
132.0
117.3
122.1
115.8
124.7
125.0
126.3
97.4
99.4
93.4
134.7
87.5
111.6
115.8
125.1
124.6
126.4
97.5
99.3
94.1
134.7
87.5
111.7
116.2
125. 9
123.5
125.1
97.5
99.3
94.1
134.7
86.7
111.8
116.9
126.5
124.0
126.4
96.9
98.5
93.7
134. 7
86.7
111.2
117.5
126.6
124.2
130.1
96.5
98.7
92.4
135.8
85.9
111.6
117.3
126.8
124.3
130.1
96.2
98.7
91.6
136.5
85.2
111.5
117.1
126.8
124.8
130.1
95.8
97.9
90.9
139.3
85. 5
112.1
117.0
126.8
124.8
130.3
96.1
99.1
90.4
142.1
85.4
111.0
117.1
126.8
124.6
130. 3
95.3
98.8
88.8
135. 8
85 4
109.0
116.6
126.8
124.9
130.3
T
95.0
98.6
88.5
135.1
84.9
r
109.3
116.3
126.8
125.0
129.3
••94.7
98.2
88.5
132. 3
84.6
' 109. 2
114.9
110.0
124.0
115.6
110.0
124.0
115. 6
110 0
124.0
116.2
111 2
124.0
118.1
114 9
124.0
118.1
114 9
124.0
118 1
114 9
124.0
118.2
115 0
124.0
118 0
114 6
124.0
117 9
114 6
124.0
91.3
87.3
88.0
90.2
87.2
87.9
90.4
87.0
87.6
90.1
86.8
87.9
90.7
86.7
88.0
91.1
87.0
89.3
90.8
87.0
89.0
90.2
86.8
88.4
90.5
87.0
88.8
90.5
87 1
89.2
127.1
113.9
131.8
123 6
M19.3
132 0
117.3
122 1
127.1
113 8
131.8
123 7
119.1
132 0
117. 5
122 1
115.8
126.5
125 1
129. 3
r
94 8
98.2
88 3
131.6
85 2
r
109. 5
115.8
126.5
126 1
129.3
94 9
98.1
88 4
123.9
85 6
110.1
121 5
114 6
124.0
121 4
114 3
124.0
121 4
114 2
124.0
90.1
87 3
89.0
£0.2
87 0
88.3
*90. 9
!
86 9
*87.9
r
PURCHASING POWER OF THE DOLLAR
As measured by —
Wholesale prices
Consumer prices
Retail food prices
1947-49 = 100. .
do
do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY J
mil. ofdol..
3,224
3,325
3,345
3,362
3,236
3,024
2,712
2,440
2 348
2 568
2 814
r 3 094
3 358
Private total
do
Residential Cnonfarm)
do
New dwelling units
do
Additions and alterations
do
Nonresidential building, except farm and public
utility, total
mil. of dol_.
Tndustrial
do
Commercial
do
Farm construction
do
Public utility
- do
2,187
1,123
2,218
1,126
2,223
2,200
2,077
1,917
1,714
1 643
1 937
r 9 H5
1 114
1 093
990
112
965
103
1 034
980
110
950
101
915
94
951
850
78
1 791
990
110
2,154
1 076
816
730
63
758
675
61
863
770
71
980
860
96
r i 092
r
955
2 276
1 183
1 040
1 14
479
185
489
176
493
174
165
182
408
511
177
523
177
486
179
474
176
169
185
420
175
170
422
507
177
464
169
179
140
417
192
118
393
182
103
347
164
102
303
157
106
298
469
173
'490
152
174
398
505
177
154
114
338
151
127
358
T ]Q7
145
379
188
157
398
Public total
Residential
Nonresidential building
_
Military and naval
Highway
Conservation and development
Other types
-
1. 037
1,107
46
373
122
382
77
107
1,122
1,162
1,082
44
376
120
395
74
113
46
380
118
428
73
117
46
374
101
379
70
112
947
43
353
96
286
66
103
795
39
350
78
174
61
93
726
36
354
65
130
51
90
705
35
347
61
125
46
91
777
34
367
61
160
53
102
877
32
383
66
230
59
107
r 970
51
377
122
310
78
99
1 082
31
320
63
115
29
399
81
385
67
121
46, 564
42, 586
50, 049
40 787
55, 659
65 521
65 641
59 741
New construction total
_
do
do
do
do
do_ _ _
do
do
111
r )65
r 337
r 63
527
164
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
53, 304
40, 069
Total projects
number
Total valuation
thous. of dol 1, 115, 509 1, 793, 342
372, 004
610, 348
Public ownership
do
743, 505 1, 182, 994
Private ownership
do
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
Valuation
Utilities:
Projects
Valuation
532, 064
724, 682
689, 264
882, 344 1,016 991 1, 203 124
number
thous. of sq. ft__
thous. of dol._
5,020
6,209
35, 185
459, 230
57, 374
764, 393
545, 851
number .
thous. of sq. ft_.
thous. of dol_.
32, 745
49, 797
463, 084
44, 227
70, 206
653, 407
number
thous. of dol
1,874
138, 257
number..
thous. of dol
Value of contract awards (F. R. indexes):
Total, unadjusted .
.
1947-49=100
Residential, unadjusted
do
Total, adjusted
do
Residential, adjusted
do._ .
Engineering construction:
Contract awards (ENR)§
thous. of dol
41, 379
35 777
38 361
1,414,408 1, 741, 673 1, 892. 388 1,394,050 1 299 764 1 151.987 1, 221 260 1, 527, 517 1 691 868 1 925 253 1 733 264
5,267
40,292
4,675
483 160
910 890
478 814
820 950
363 087
788 900
484 191
435 799
476 550
624 890
669 239
785 461 1 043 326 1 215 318 1 256 014 1 108 374
4,199
3 804
36, 450
540, 338
3 661
33, 937
473, 077
468, 712
4 936
41, 561
532, 060
5 406
45, 971
605, 427
5 647
51, 913
672, 288
5 367
49, 014
656, 445
38, 407
783, 266
5,316
52, 435
758, 130
35, 712
52, 470
507, 430
42, 610
65,908
35, 668
50,247
507, 560
634, 582
484, 168
30 492
46, 614
433, 500
33, 442
48, 156
462, 482
35 621
52, 706
508, 773
48 718
69, 631
667, 737
57 531
80, 422
796, 133
57 019
84, 946
825, 300
51 414
73, 138
720, 266
269, 600
2 335
304, 917
1,796
269, 625
1 693
270, 064
1 177
239 827
1 153
226 634
951
134 304
1 007
191* 855
1 623
209 986
2 040
219 400
2 427
324 032
2 4A8
287 104
430
54, 938
532
105, 942
408
56, 080
403
181, 352
430
229 612
335
58 198
328
99 292
307
82 124
288
51 920
382
117 734
544
70 908
548
103 633
502
69 449
197
192
169
174
189
178
172
175
216
183
205
1S4
221
181
218
180
220
178
230
183
201
170
224
176
168
151
208
177
161
154
195
185
171
180
1%
201
194
216
191
205
225
°51
196
213
T 234
r 257
794 315 1 510 991
766 320
766 601
2,336
38, 554
53,242
1, 318, 070 1, 262, 992 1,111 213 1, 116, 572 1 469 252
40,368
611,857
3 871
32,259
T 216
240
251
9f)7
227
933 637 1 439 441 I 436 942
Highway concrete pavement contract awards:©
Total
thous. of sq. yd
5, 698
8,658
7 810
7,187
3 258
6 094
-6 605
4 726
6 075
4 036
Airports
do
973
278
1 056
1 102
822
148
100
1 748
1 299
1 078
24 336
3, 315
Roads
_
.
do
4,232
3 798
4 066
3 691
1 774
2 347
1 852
1 007
2.105
Streets and alleys
do
3.453
2.956
l'?9Q
9*fi4Q
22.121
2.019
1. 582
l!384
1 ' 1 2/5
T
1
Revised.
Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.6; consumer prices, 52.0; retail food, 40 5
awarded
in prior months but not reported.
d1 For actual wholesale prices of individual commodities, see respective commodities.
^Revisions for 1950-March 1953 will be shown later.
§Data for July, October, and December 1953 and April 1954 are for 5 weeks; other months, 4 weeks.
0Data for July and September 1953 and March and June 1954 are for 5 weeks: other months, 4 weeks.
r 1QO
7 791
1 911
4 005
9 A7K
2
6 occ
9 oe;/i
Q C0«
Data include some contracts
SURVEY OF CURRENT BUSINESS
August 1954
S-7
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
August
Septem-
October
November
December
January
February
March
r
r
April
May
June
107, 000
i 120, 000
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U S Department of Labor)
number. . 104,600
Urban building authorized (U. S. Dept. of Labor):
54, 064
New urban dwelling units, total
- number-51, 732
Privately financed total
do
41, 362
Units in 1 -family structures
do
2,635
Units in 2-family structures
do
7,735
Units in multifamily structures
do
2,332
Publicly financed total
do
Indexes of urban building authorized:
Number of new dwelling units. . - .1947-49= 100. . ' 118. 1
« T' 161. 9
Valuation of building total
do
160. 4
New residential building
do
« r 165. 4
New nonresidential building
- - do
• 159. 5
Additions, alterations, and repairs
do
T
T
r
96, 700
93, 200
95, 100
90, 100
81, 500
(55, 800
47, 267
46, 697
37, 015
2,906
6,776
570
45, 621
44, 539
35, 689
2,254
6,596
1,082
46, 149
42, 900
33, 626
2,399
6,875
3, 249
43, 381
43, 143
34, 536
2,676
5, 931
238
35, 707
34, 150
27, 807
2, 098
4,245
1,557
32, 753
31, 987
24, 156
2,028
5,803
766
33, 669
31, 855
23, 185
1,489
7,181
1,814
38, 916
37, 784
29, 705
1,882
6,197
1,132
55, 546
53, 595
43, 349
2,488
7,758
1,951
57, 773
56,807
47, 082
2,526
7,199
966
103.3
159.7
144.9
184.5
158.0
99.6
144.9
141.0
154.4
137.9
100.9
144.7
143.3
144.7
149.6
94.8
141.8
133 8
156.6
138.0
78.5
121.5
109.7
145.8
109. 7
71.7
109.9
96.2
137.7
97.4
73.6
108.4
95.2
132.2
93.1
84.2
115.1
113.7
122.3
103.9
119.9
160.3
165.9
164.8
129.5
126.9
171.6
180.5
169.3
143. 2
r
r
r
117.3
163. 7
170. 1
164.4
' 137. 8
137. 9
191.5
199.4
191.5
161.8
122.1
385
123.1
123.1
123.1
392
122.8
122.9
123.0
392
121.9
121.0
121.3
393
121.2
' 121. 4
122.3
393
573
616
592
526
568
411
580
639
601
526
574
411
583
639
601
526
574
416
583
639
601
521
574
417
584
640
604
524
572
418
585
641
609
525
576
418
585
641
609
525
576
418
584
641
623
522
576
422
585
641
624
522
576
420
586
641
624
529
579
420
585
639
623
530
577
422
586
639
623
530
577
422
589
639
624
530
594
424
251.3
249.6
257.1
254.2
252.2
259.0
254.9
253.0
258.7
255.8
253.5
258.3
255.6
253.2
257.3
256.0
253.7
257.4
256.3
253 8
257 1
254.9
251 9
255 2
254. 3
250.9
253.7
254.0
250 7
253 7
254.2
250 2
252 8
255.7
251 3
253 9
256. 1
251 5
254 7
257.5
254.7
254.0
259.2
239.1
260.5
257.4
255.8
261.2
241.2
261. 0
257.8
256.0
260.0
241.6
262.0
258.7
256.0
259. 0
242.3
261.9
258.6
255.2
257.6
242.5
262. 2
258.9
255. 3
257.8
242.8
262 5
259 1
255 1
257 2
243.0
261 4
257 9
253 5
254 7
241.9
260.4
257. 3
252.5
252.5
241.3
260 2
257 2
252 5
252 7
241.2
261 0
257 4
251 9
251 5
241.2
262 9
258 8
253 1
252 6
242.2
263 4
259 3
253 6
253 9
242.4
257.4
253.5
259.4
255.4
259.0
254.6
258 8
254.1
257 8
252.9
257 9
253 0
257 7
252 6
255 7
250 5
254 2
248 3
254 2
248 9
253 4
247 4
254 5
248 3
255 3
249 3
130 1
137 2
131 3
138 6
66, 400
75, 200
95, 200
111,000
' 53, 663
52, 871
44, 592
2,199
6,080
-•792
63, 409
59, 526
49, 865
2,422
7,239
3,883
CONSTRUCTION COST INDEXES
Department of Commerce composite^ 1947-49=100.Aberthaw (industrial building)
1914=100
American Appraisal Co., The:
Average, 30 cities
1913=100_.
Atlanta
do
New York
do
San Francisco
do
St Louis
do__ _
Associated General Contractors (all types). .do
E. H. Boeckh and Associates:§
AveragB, 20 cities :
Apartments, hotels, and office buildings:
Brick and concrete.- U. S. avg. 1926-29=100Brick and steel
do
Brick and wood
- do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
do
Brick and wood
_.do__ _
Frame
do
Steel
._
do
Residences:
Brick
do
Frame
do
Engineering News- Record id1
Building
1947-49= 100. .
Construction
do
Bu. of Public Roads— Highway construction:
Composite standard mile
--- 1946— 100__
128.7
133. 5
129.2
135.2
'128.9
134.8
r
133.2
129.0
135 0
129.0
135 1
r
128 9
!34 9
133. 9
129 2
135 5
r
129 3
135 7
T
129 2
135 5
129 5
135 8
129 7
r 136 5
r
127 7
131 8
127 0
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted- .
.
1939=100..
Adjusted
do
176.1
164.6
174. 0
163.5
177.5
156.8
178.6
166 1
185.7
167 6
160 1
161 6
147 1
166 4
138 7
162 4
143 8
174 3
166 9
176 6
171 8
172 8
P 173 4
i> ig3 9
REAL ESTATE
Home mortgages insured or guaranteed by203, 130
Fed. Hous. Adm.: Face amount
thous. of dol_. 185, 610
193, 071
193, 538
185, 545
172, 353
183, 443
173, 057
161, 872
154, 255
164, 217
146, 580
152,886
229, 347
241, 928
Vet. Adm.: Face amount.
do
247, 905
291 656
309 429
284 905
247 561
252 433
225 681
268 144
269 616
308 931
249 213
Federal Home Loan Banks, outstanding advances
CIO
718
700
to member institutions
mil of dol
746
819
801
952
751
865
677
608
675
630
New mortgage loans of all savings and loan associa757, 569
706, 631
tions, estimated total
thous. of dol_. 733, 216
688, 142
684, 245
494, 859
585, 915
583, 538
539, 359
809, 937
710, 130
728, 369
731, 533
By purpose of loan:
f)K.A
Qfil
236, 513
241, 284
Home construction
do
217 925
218 785
208 137
190 304
187 422
151 935
245 604
176 074
9
327, 046
355, 316
339, 956
Home purchase
do
917 119
318 359
328 453
265 424
58 641
288 212
219 846
301 497
341 421
297 895
CC 1 AC "
£•(! 1 74
59, 961
Refinancing
_ __
do
58, 476
51 969
52 094
50 671
45 705
48 324
47 548
54 959
66 397
27, 307
Repairs and reconditioning
do
27,043
27, 438
27, 059
19,454
27, 204
15, 992
19. 672
25, 602
19, 314
185, 428
26, 420
25, 176
oc AAA
77, 618
80, 221
All other purposes
__
do_
69, 343
80 Q8fi
71 845
69 780
69 479
65 028
84 315
62 265
69 166
New nonfarm mortgages recorded ($20,000 and
under) , estimated total - thous. of doL. 1, 769, 259 1, 797, 760 1, 709, 392 1 728 508 1, 745, 841 1 548 645 1 622 326 1 372 242 1 425 193 1 783 519 1 792 991 1 804 499 1 990 092
13.0
14.8
Nonfarm foreclosures, adjusted index .1935-39 =100. .
14.2
14.2
13.6
13.1
14.7
14.6
17. 4
16.3
CC C-J'J
67, 644
74, 938
Fire losses
. thous. of dol
107, 713
68 551
68 613
fi9 9S9
77 Q33
68 064
83 440
86 493
84 821
78 928
1
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:!
Combined index
1947-49=100
Business papers
.do
Magazines. .
__
do _
Newspapers.
do
Outdoor. ._
do__ .
Radio (network)
do
Television (network) $
_. 1950-52=100-
162
161
139
157
134
68
187
167
159
133
160
142
77
226
155
164
121
156
136
73
187
164
164
132
167
136
71
185
166
162
140
162
140
66
206
167
183
137
160
145
67
211
162
168
135
164
153
69
216
164
165
138
162
144
64
225
161
166
136
152
130
64
224
165
166
133
159
140
66
234
165
163
134
160
138
60
240
167
173
133
159
146
59
250
173
173
144
164
147
56
264
Tide advertising index, unadjusted. __ 1947-49= 100. _
158.6
126.6
124. 8 ,
161.8
188.8
183.3
146.4
130.3
146.7
172.8
180.0
180.9
168.4
r
Revised.
» Preliminary.
1 Data for July 1954, 112,000.
IMinor revisions back to 1915 for the Department of Commerce construction cost index are shown in the May 1953 Construction and Building Materials Statistical Supplement
§ Copyrighted data; see last paragraph of headnote, p. S-l.
cPData reported at the beginning of each month are shown here for the previous month.
{Revised series. Data reflect the adoption of a more recent comparison base (except for television) and adjustments of the radio and television components to cover only the network
portion of these media. Revisions prior to January 1953 will be shown later.
9 Notice that the base for television differs from that of other media.
0
Revised indexes for May 1953: Total valuation of building, 166.1; new nonresidential building, 176.9; additions, etc., 147.8.
SURVEY OF CURRENT BUSINESS
S-8
August 1054
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
August
September
October
November
December
January
F
u
^5l
aiy "
March
April
May
June
DOMESTIC TRADE— Continued
i
ADVERTISING —Continued
Radio advertising:
Cost of facilities, total
thous. ofdol..
Automotive incl accessories
do
Drugs and toiletries
do
Electrical household equipment
do
Financial and insurance
do ._
Foods, soft drinks, confectionery
do
Gasoline and oil
do
Soaps cleansers, etc
do
Smoking materials
do
All other
- - - do ...
11, 707
679
3,363
366
290
2,690
396
1,304 1
876
1,742
12,145
739
3. 466
408
291
2,666
345
1,368
929
1,933
37, 505
932
4,265
1,832
5, 744
6,179
1,809
42, 740
4,300
4,977
1,881
5,429
6,056
1,402
' 4, 575
' 2, 084
' 3, 822
' 1, 618
' 1,679
' 13, 377
2,117
647
2,607
1,073
1,191
9,109
3,360
do .
do .
do
do
do
do
do
thousands
- thous. of doL
13, 667
1 034
3, 658
249
222
2, 988
461
1. 399
1,331
2,324
14, 185
896
3,935
284
255
3,256
539
1,482
1,353
2, 185
13, 286
774
3 710
251
238
3,012
640
1,263
1 183
2,214
12,205
781
3 393
253
235
2,798
509
I,2o3
1 068
1.914
13, 895
1 063
3 713
278
254
3.136
577
1,428
1,161
2,286
12, 267
785
3,413
297
242
2,648
441
1,358
812
2,271
r 12, 113
957
3 316
258
236
2, 476
328
1,287
867
2. 388
10, 738
669
3,188
217
228
2, 348
311
1,194
709
1 , 876
60, 152
7,110
4,484
3,428
6, 419
7, 433
2, 062
72, 670
5,856
5,770
3,604
7,915
10, 010
3,126
69, 846
5, 071
5. 405
2, 193
7, 555
9.599
3,888
47,531
3, 725
2,617
1,094
5, 109
7,035
4,165
38, 847
1 971
4,657
1 741
4 920
6,400
1 287
52
3
4
2
6
9
2
302
274
726
351
422
073
037
64, 830
5, 013
6, 237
3, 516
6, 825
9,905
2,490
66, 705
6,004
5,769
4,224
6 803
8,499
2 743
69, 914
6 043
6, 825
4, 742
6 736
8,407
2 640
56, 580
3, 532
5, 297
3, 65S
6 960
8,207
2 416
1,592
1,501
2,986
1, 165
1,379
10, 071
3, 788
3,077
3, 678
1, 300
1,581
15, 793
4, 985
4,596
4,640
1,661
1,754
18, 753
3,874
3,826
4, 999
1,446
1,603
20, 386
. 2,975
1,904
3,277
618
1,702
13, 310
854
1 169
2 638
896
1,211
11,102
2 398
1 709
3' 190
1 137
1 431
14 553
4,217
2,742
3,818
1,594
1,943
16, 530
4, 586
3 624
4,082
1,615
1,564
17, 192
5, 194
3 734
4,083
1,862
1,889
17, 759
3, 532
1 847
3, 813
1,406
1. 914
14, 003
3, 205
4, 136
4, 965
n 230
4, 406
3, 161
3. 655
4 131
4,754
4 551
4,284
3 214
215, 965
56, 330
159, 635
13, 550
2,691
31,171
112. 223
187,997
53, 368
134, 629
11,581
3,074
24, 531
95, 442
198,647
56, 553
142, 095
11,417
2,021
23,034
105, 623
219,558
54, 175
165, 383
11,910
2, 515
31, 684
119. 275
244, 370
55, 833
188, 537
14,312
2,776
39, 186
132, 263
241,346
50, 718
190,629
12, 579
2.789
37, 773
137, 488
224, 29P
43, 297
181,001
10, 018
2, 897
27, 60F
140, 449
182,932
46, 054
136, 878
10, 192
4,071
22, 626
99, 989
180 732
44 4Q9
136 233
9 2-10
2 457
26 573
97 963
216,155
50, 024
166,131
11,336
3,099
34, 084
117,611
233 264
51,778
181 486
14, 147
3 065
33 979
130, 295
234 644
55, 689
178 955
14 647
2 905
34 896
126, 506
216 570
52 030
164 5*0
15 129
2 99]
31 312
11 5' 179
6,657
126,017
6,299
119, 269
5, 856
117, 247
6,281
122, 917
6,556
119,218
5, 995
113,791
6, 669
125, 106
6,112
116,272
6 501
7,199
7 180
' r58, 074
3, 784
'5,898
' 3, 499
'r 7, 184
8, 055
«• 2, 499
- d o . __
do ...
..do
do ._
do
do _ do
Household equipment and supplies ._
Household furnishings
Industrial materials
- Soaps, cleansers, etc
Smoking materials
\11 other
.
do
do
do
do
do
do
thous. of lines
Newspaper advertising:
T/inage total (52 cities)
Classified
Display total
Automotive
Financial
General
Retail
13, 829
979
3. 901
310
287
3,101
338
1,429
1, 271
2,214
1 2, 226
607
3,684
435
226
2,985
412
1,335
992
1,550
i
!
!
•
T
r
i
Magazine advertising^
Post total
Apparel and accessories
\utornotive, incl. accessories Building materials
Drugs and toiletries
Foods soft drinks confectionery
Beer wine liquors
Linage total
13, 247
557
4,129
433
238
3,047
386
1,372
1,370
1,715
--_ __
---
POSTAL BUSINESS
Money orders issued (50 cities) :
Domestic:
N"iimber
Value
-
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual ratesrf
Goods and services, total
_
bil. of dol
Durable goods total
Automobiles and parts
Furniture and household equipment
Other durable goods
do
do
do
do
Nondurable goods, total
Clothing and shoes
.. _
_ _Food and alcoholic beverages
Gasoline and oil
Seroidurable housefurnishings
Tobacco
Other nondurable goods
. _
do
do
do
do
do
do
do
Services total
Household operation .
Housing
Personal services
Recreation
_ _
Transportation
Other services
.
-
i1
do
do
do
do
. do..
do
do
230.8
231.2
229.7
230. 5
233 1
30. 3
13.7
12.7
3. 9
30. 3
13. 5
12.9
3.9
28 0
11 7
12.6
37
28.0
11.6
12.8
3 6
28
12
12
3
119.6
20.2
72. 0
6. 5r
118. 6
19.4
71.9
6. 7
2.5
5. 2
12. 9
118 7
19. 5
71.9
6 9
2 4
51
12.9
118.8
19.5
72.0
6.9
2 4
5.2
12.8
S2. 3
12. 2
28.0
4.4
4. 4
7. 1
26.1
83
12
28
4
4
7
26
83 6
12.0
29 0
4 4
4.5
7.2
26 5
120 0
19 7
72 5
7 0
2 4
53
13 1
g4 3
12 1
29 3
4 5
4 ft
7 2
26 7
9 )
5. 5
12. 9
80 9
12.0
27 3
4 4
4.5
7. 1
25 7
0
1
6
4
3
2
4
1
i
i
!
8
6
4
9
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), totaL.mil. of doL. I1
Durablo-goods stores
do
\utomotive group
do
Motor-vehicle, other automotive dealers
mil. of doL- 1
Tire, battery, accessory dealers
do
Furniture and appliance group
do
Furniture, homefuraishings stores
do
Household-appliance, radio stores
do
i
Lumber, building, hardware group, ..do ..
Lumber, building-materials dealers, .do
Hardware stores
do
14, 578
5 480
3 033
14, 385
5 378
3 068
14, 176
5 189
2 838
14,082
5 003
2 737
14, 951
5 319
2 926
13, 955
4 742
9 531
16, 444
4 944
9 279
12, 339
3 861
9 124
12, 065
4 070
2 254
13, 540
4 768
2 771
14, 324
4 963
2 841
14, 246
5 020
2 832
14, 658
5 458
3 095
2, 862
171
796
453
343
2,910
158
741
411
330
2,690
148
785
435
350
2,594
143
724
389
334
2,770
156
830
475
355
2, 388
143
813
465
348
2, 099
180
1,000
535
465
2.014
110
670
364
307
2,142
112
652
362
290
2,644
127
690
398
292
2,699
143
695
407
288
2, 695
137
739
444
296
2,936
159
758
438
319
965
733
232
961
725
236
964
736
228
943
712
231
968
711
256
862
623
239
861
564
627
462
165
654
482
172
738
542
196
808
587
221
849
620
229
918
686
2*39
9, 080
840
156
324
192
167
377
1,147
9 632
902
177
361
205
158
394
1,134
9 213
866
196
340
194
137
384
1.051
8 478
678
160
271
132
115
407
988
7 996
604
134
250
116
103
394
962
8 772
715
152
297
143
124
401
1.004
9 361
949
198
379
188
185
398
1. 035
9 227
821
184
337
149
159
406
1. 100
9 200
852
204
326
163
159
406
Nondurable-goods stores - -.
do
'i
9, 097
Apparel group
do
•
873 i
:
Men's and boys' wear stores
do
198
342
Women's apparel, accessory stores. . do._
Family and other apparel stores
do
172
161
Shoe stores
. _
_ .
do
Drug and proprietary stores
do... i
396
Eating and drinking places
do
1,093
«• Revised.
t Unpublished revisions for magazine advertising for January
t Revised series. Quarterly estimates have been revised back
services are shown as components of gross national product in
Supplement.
9 007
708
149
277
151
131
392
1,181
8, 987
699
133
276
161 !
129
390
1,188
91)7
11 500
1 364
' 352
524
291
196
516
1,096
1 134
1952-Februury 1953 will be shown later.
to 1939; annual data, to 1929. Revisions prior to 2d quarter 1953 for the grand total, total durable and nondurable goods, and
table 5 on pp. 8 and 9 ol the July 1954 SURVEY; those for the subgroups will appear in the forthcoming National Incoma
SURVEY OF CURRENT BUSINESS
August lir>4
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-9
1953
June
July
August
September
1? 54
October
November
Decem- January
ber
February
March
April
May
June
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores— Continued
Estimated sales (unadjusted)— Continued
Nondurable-goods stores— Continued
Food group
mil. of dol
Grocery stores
-do
Gasoline service stations
do
3,377
2,781
916
3,478
2,897
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
1, 542
855
104
241
343
247
1,346
708
87
233
318
268
1,460
774
100
242
344
269
Estimated sales (adjusted) total
do
Durable-goods stores
do
\utomotive group
do
Motor-vehicles, other automotive
dealers -__mil.ofdoL
Tire, battery, accessory dealers
do
Furniture and appliance °roup
do
Furniture, h om ef urn ish ings stores do
Household-appliance, radio stores
do
14, 412
5, 103
2,816
14, 469
5,102
14,073
2,836
2,629
4,865
2,667
2, 663
153
786
441
344
2.694
2,490
2,530
Lumber, building, hardware group
do
Lumber, building-materials dealers-..do
Hardware stores
-- do
848
633
215
872
637
235
Nondurable-goods stores
_
do
Apnnrel group
do
Men's and bovs' wear stores
do
Women's apparel, accessory stores _ do
Family and other apparel stores
do
Shoe stores
do
9,309
9,367
919
195
382
193
149
900
196
357
196
152
402
1,086
3, 394
393
1, 115
Drug and proprietary stores
Fating and drinking places
Food group
...
Grocery stores
Gasoline service stations
do
do
do__ _
do
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 store"
do
Estimated inventories:!
Unadjusted total
Durable -good s stores
Nondurab^-goods stores
__ _
Adjusted, total
Durable-goods stores
.
Automotive sroup _
Furnitu r e and appliance group
Lumber, building, hardware group.
Nondurable-goods stores
Apparel group
_
Food group
General-merchandise group
do
do
do
do
do
do
do
do_. .
do
_ _ do .
do
do
Firms with 11 or more stores:
Estimated sales (unadjusted), total
do
Anparel 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
General-merchandise group
do
Department stores . :
.
do
Dry-goods, other general-merchandise
stores
_.
.
mil. of dol
Variety stores
do
Grocery stores _ _
do
Lumber, building-materials dealers
do
Tire, battery, accessory stores
do
Estimated sales (adjusted), total ... _
do
A pparel sroup
._
.
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
2,785
971
142
768
426
342
3,434
2,860
3,425
2,858
3, 350
3,112
855
800
1,753
963
140
257
394
294
2,748
1, 167
624
75
176
292
269
14,040
5,029
2,859
14, 104
5, 005
13, 932
4, 626
2, 509
13, 622
137
712
380
332
2,718
141
746
429
317
2,630
147
754
432
322
2, 365
144
738
418
320
900
671
229
880
657
223
856
618
238
893
657
236
9,159
812
168
320
193
131
9,117
796
168
310
175
144
9,011
768
155
299
169
146
9.099
391
1,100
3,413
3,444
4,914
139
771
416
355
2,834
908
898
1,551
844
110
240
357
275
1.714
934
112
264
403
298
13, 982
387
1,077
2,582
143
758
433
326
146
777
440
337
2,449
2,682
132
769
436
333
144
740
423
317
849
619
230
784
570
214
781
566
215
800
582
217
818
598
220
9.228
9,042
807
196
308
164
140
9,360
878
199
341
177
162
9, 313
822
194
330
160
138
v 9,415
885
207
354
179
146
416
1,099
3,366
2,835
412
1,128
» 3, 434
p 2, 860
956
14, 242
2,148
137
784
443
341
2,349
153
779
453
326
820
597
223
827
599
228
9, 30f>
9,186
845
187
339
163
156
868
188
354
107
158
408
1,064
4,858
2,738
430
1,066
3, 378
3,396
936
2,831
916
410
1,049
3, 362
2,831
915
r
r
876
200
340
182
153
416
1,105
938
1,490
806
98
226
360
289
1,606
857
104
250
394
292
1,539
840
100
234
365
270
1,581
854
103
249
374
280
23, 023
10, 615
12, 408
23, 584
10, 589
12, 995
23, 628
10, 459
13, 169
21,208
21, 369
10, 233
11. 136
22, 046
10, 476
23, 321
10, 913
12, 408
23, 351
'23,016
11,570
22, 131
10, 489
22, 924
10, 921
22, 720
10, 727
22, 437
10, 574
22,661
3,768
3,748
2,039
22, 521
10, 688
22, 421
10, 584
22, 563
10, 486
22, 690
10, 412
1,984
1,994
2, 351
2.013
2.313
1,992
2, 315
11,837
12,077
3,937
2,574
2,555
1,987
2. 531
2, 038
2, 520
11, 822
12,013
2,628
12, 151
2, 593
12,003
11,993
2,460
2,595
13, 900
4.436
2, 285
1,528
822
100
250
357
297
3,400
2,842
3,875
2,028
2,424
2,576
J> 14,439
5,024
2,826
13, 972
4, 745
2, 502
1,477
181
526
564
462
989
1 , 505
823
96
236
349
316
22. 775
3,923
14, 044
4, 730
2.581
1,567
863
94
249
361
266
1,629
870
118
260
381
308
22, 743
10, 730
3,810
1,981
2,214
4,882
2,728
1,330
724
94
198
314
266
1,571
857
106
252
356
278
22, 294
10, 472
2,506
2,235
3,824
1,514
830
96
231
358
250
1.142
599
82
188
273
256
955
1,528
840
96
249
343
274
22, 448
10, 547
1,980
1, 478
819
86
222
350
262
2, 866
903
1,548
832
103
262
352
285
22, 112
10, 706
11, 406
10,624
3,737
394
1,054
3,385
2,833
870
2, 838
910
22, 141
10, 737
11, 404
3,573
787
167
314
163
143
3,422
3,340
2,799
3,447
2,886
2,607
897
1,595
868
109
264
353
279
11,901
383
1,070
2,776
2,837
410
1, 102
3, 434
2, 872
954
1, 636
874
119
286
356
283
1,634
898
116
264
357
275
2,740
914
2, 843
877
'874
3,291
3, 357
2,783
880
868
3,567
2,997
3,618
3.018
914
960
3,375
1,994
2,419
3,432
2, 890
933
9, 876
11,332
10, 6(58
3,895
2. 495
2,437
11, 833
2, 594
2, 394
2,352
3,897
2,324
3,842
2, 573
2,314
3, 857
11,863
2,527
2,289
3,823
1 1 , 993
2, 521
2,760
2,587
3,457
2, 573
2,857
2,344
3. 858
3,868
2,612
2, 416
3,807
2, 726
2,437
11,080
r
r
10, 898
r 12,118
11,642
' 22, 804
10, 502
3,821
2. 018
2. 322
22, 600
10. 383
3,751
2.001
2, 302
' 12, 302
2.713
2, 586
' 3, 738
12,217
2,578
3,665
12, 271
3,773
12, 278
2,811
3,673
3,668
3, 732
2,240
2,150
113
10
45
36
57
49
25
2,429
120
12
45
37
60
50
22
155
14
58
48
59
54
31
2, 687
212
18
81
73
62
54
27
i 2. 003
165
14
06
57
61
55
32
2, 685
2,566
3, 721
178
17
68
62
62
59
26
142
11
59
49
63
61
24
2,501
138
10
59
46
62
59
27
2,524
171
13
65
59
60
60
25
188
18
73
57
64
59
30
750
362
652
306
705
325
726
335
798
372
801
352
1.282
509
501
223
510
220
604
278
737
346
697
347
729
354
108
184
1,015
68
60
92
172
1,038
67
57
107
182
1,035
68
55
107
183
1,014
71
47
121
202
1,132
70
53
121
199
1,001
58
49
194
410
1.129
50
72
76
133
1,097
41
37
71
144
1,000
47
39
84
155
1,086
54
43
108
198
1,128
60
50
96
174
1,114
64
49
104
182
1,069
70
59
2,618
174
17
69
56
64
59
26
2,635
2,572
2,562
2,532
2,569
2, 620
188
20
75
56
63
54
23
2,543
2,585
2,584
2, 613
175
16
69
56
64
55
29
i 2, 595
160
14
63
53
63
54
28
i 2, 619
167
16
66
54
63
55
28
184
18
73
61
64
60
26
169
16
69
55
63
57
26
165
15
63
55
63
59
25
168
15
65
54
63
57
27
176
20
69
48
60
53
32
173
17
68
51
63
55
30
287
35
113
81
88
57
33
164
14
64
54
62
54
29
167
14
67
54
62
56
30
167
15
62
56
61
55
30
1
1
1
2, 605
171
16
65
61
61
57
28
782
General-merchandise grou p
do
778
716
723
698
735
760
740
693
702
718
736
715
359
356
Department stores....
do
321
317
317
328
318
338
344
312
322
324
330
Dry-goods, other general-merchandise
104
112
109
stores
. .
mil of dol
103
105
109
130
103
104
106
105
105
99
201
Variety stores _ .
..
.
do
208
198
199
190
196
203
199
186
195
191
192
187
Grocery stores
do
1,045
1,030
1.066
1,059
1,044
1,060
1.064
1,082
1,088
1,098
1,087
1, 090
1,120
61
61
Lumber, building-materials dealers
do.
62
56
53
57
59
62
56
61
61
62
60
Tire, battery, accessory stores -.
...do
54
47
47
50
51
52
50
52
51
51
49
52
48
l
' Revised.
* Preliminary.
Excludes motor vehicle dealers' sale s; such da a are also excluded f rom this se ries for mo nths prior to April 1<)54. Motor vehicle d ealers' sale s for April
through J u n e (mil. dol.): Unadjusted— 21; 18; 20; adjusted— 20; 16; 18.
t Revised s ories. See correspon ding note c n p. S-3.
SUKVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 39.~)4
1954
1953
July
June
August
September
October
November
December
January
Febru-
ary
March
April
May
June
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 9
do
Sales by type of payment:
Cash sales
percent of total sales ..
Charge account sales
do
Instalment sales
- do
Sales, unadjusted, total U. S.t
1947-49=100..
\tlanta
do
Boston
do. __
Chicago
-do
Cleveland
do
Dallas
- - -- do
Kansas City
do
Minneapolis
do
New York
- -do..Philadelphia
-- do
Richmond
do
St Ivouis
-- - - do
San Francisco
do'-'ales adjusted total U S }
do
\tlanta
'
do.
Boston
-do
Chicago
- do.
Cleveland
do
Dallas
_ _ _ _
do
Kansas City
do
ATinneapolis
do..
New York
do
Philadelphia
-- -do._
Richmond
do
St Louis
-- do_
San Francisco
do
Stocks, total U. S., end of month:}
Unadjusted
do..
Adjusted
.do
Mail-order and store sales:
Total sales, 2 companies
thous. of dol _ .
Montgomery Ward & Co.
do
Sears Roebuck <fe Co
do
Rural sales of general merchandise:
Total U. S., unadjusted
1935-39=rlOO^
East
do
South
- - do._
Middle West
do
Far West
do
Total U. S., adjusted
do
East
do...
South
do
Middle West
_.. do
Far West
.
_.
__do
WHOLESALE TRADE
Sales estimated (unadj ), totalf
- mil. of dol
Durable-goods establishments
do
Nondurable-goods establishments
do
Inventories, estimated (unadj.), total t
do
Durable-goods establishments
do._
Nondurable-goods establishments
do.. .
123
219
114
214
113
218
125
222
132
229
146
238
194
259
159
252
138
243
127
236
131
236
130
233
130
232
47
14
46
13
45
14
46
14
48
14
47
14
46
14
45
13
43
14
48
15
45
14
46
14
47
14
47
43
10
108
' 113
103
110
111
118
111
98
'98
'104
'114
110
112
115
'127
103
112
118
134
118
106
r
101
110
r
121
122
121
47
42
11
89
102
76
89
89
104
91
84
75
83
96
86
101
113
127
106
110
114
124
111
105
104 /
117
120
107
117
47
42
11
98
114
79
98
104
116
104
97
75
92
97
100
109
112
130
99
109
120
127
112
102
99
116
114
110
113
46
44
10
112
122
112
113
114
119
109
110
102
108
121
109
111
107
119
105
106
109
112
103
100
98
104
114
102
110
46
43
11
115
130
107
112
115
128
114
118
110
114
122
119
111
110
128
107
109
110
122
108
103
104
106
117
108
111
46
44
10
136
146
129
1.37
142
144
129
121
129
142
144
136
131
113
128
107
113
115
127
112
105
102
108
118
114
112
48
43
9
192
219
194
188
187
209
189
171
178
188
211
185
195
112
127
108
115
112
125
114
107
101
108
121
113
109
47
42
11
83
94
83
82
80
94
83
75
81
80
80
83
85
107
122
105
106
104
119
110
104
101
106
109
108
108
46
43
11
86
101
81
83
80
98
86
83
83
84
89
88
86
109
123
109
107
104
121
109
108
102
111
117
112
107
46
43
11
89
110
86
86
82
102
90
79
85
91
97
92
88
105
117
102
101
92
115
103
95
99
106
118
108
111
46
44
10
110
129
108
109
105
119
110
101
101
109
123
112
107
111
127
105
111
104
120
113
100
102
109
122
114
111
47
43
10
106
120
102
108
98
119
109
104
98
104
'113
106
107
108
122
102
108
98
123
109
104
100
105
114
106
114
46
44
10
P106
v 114
P106
v 108
P 100
v 112
P 108
P 96
p 98
P 104
p 113
p 110
P 105
P 112
P 129
P 106
P 110
P 107
p 127
P 115
P 103
P 102
P 109
P 120
123
128
121
130
126
131
132
128
141
128
142
127
109
123
108
120
114
119
126
121
127
120
126
121
P 116
P 122
380, 397
92, 804
287, 593
316, 298
78, 977
237, 320
339, 713
89, 164
250, 549
351, 988
91, 513
260, 475
377, 007
99, 860
277, 147
373, 870
98, 349
275, 521
511,657
138, 930
372, 727
231,649
52, 587
179, 062
228, 687
53, 131
175, 556
278,044
67, 406
210, 638
333, 209
83, 562
249, 647
335, 726
78, 109
257, 617
352, 655
81 318
271 337
316.8
281.7
334.8
309.9
369.1
355. 2
313.0
385. 3
338.3
394.8
262.6
228.4
269.1
250.9
349.5
353.9
322.6
374. 3
335.9
428.3
312.7
278.3
330.8
291.8
391.4
339.2
317.3
368.4
315.1
400.0
335.3
295. 9
358.6
315.0
403.7
308. 7
293.8
323.6
292.8
356.0
333.5
311.5
377.7
320.5
396.8
288.5
270.9
300.2
277.5
353. 0
427.3
434.6
468.2
400.8
461.7
324.7
305. 6
339.8
305.0
368.2
541.0
487.5
560.9
520.4
648. 6
353. 4
314.5
386. 0
341.9
407. 2
235.7
212. 2
251.1
225.4
275.4
310.0
279.2
326.1
296.6
377.2
252.3
222.7
269.2
234.1
284.3
307.6
281.9
324.3
296.3
364. 5
260.7
237. 2
287.2
244.6
299.4
299.6
266. 5
330. 1
281. 2
374.2
293. 3
254. 6
314.3
274.6
344.4
322.3
268.0
349.2
295. 2
378. 5
272.3
248.8
284.1
253.7
329.2
309.4
282.7
338.2
281.9
378.4
291.1
254 4
292 4
289. 1
354 9
313.0
276 5
324 9
310 9
369 7
9,917
3, 223
6, 694
11,453
6,127
5, 326
10, 186
3, 150
7, 036
11,607
6, 107
5, 500
9, 386
3, 096
6,290
11, 750
6,094
5, 656
9,759
3,296
6,463
12,013
6,077
5, 936
9, 907
3,344
6, 563
12,214
6,044
6, 170
9,231
2,973
6, 258
12, 153
5, 902
6, 251
9,152
2,959
6,193
11, 697
5,678
6.019
8,014
2,425
5,589
11,937
5, 863
6.074
8,103
2 628
5,475
11,914
5,947
5,967
9, 135
2 928
6, 207
11,843
6, 053
5. 790
8,751
2,902
5,849
11, 601
6,022
5,579
' 8, 526
2 781
r
5, 745
' 11, 553
' 6, 040
r
5, 513
9,471
3 060
6,411
11,477
5. 880
5, 597
P ]99
P 114
EMPLOYMENT AND POPULATION
1953
June
July
Decem- January
August SeptemOctober November
ber
ber
1954
February
March
April
May
June
July
POPULATION
Population, continental United States:
Total, incl. Armed Forces overseas © thousands.. 159, 410 159, 629 159, 889 160, 154 160, 408 160, 654 160, 873 161, 100 161,331
161, 763
161, 969 162, 187 162, 414
161, 542
EMPLOYMENT
Xorunstitutional population, estimated number 14
years old and over, total d*§
- -thousands.. 115,032 115, 132 115, 232 1 115, 342 115,449 115, 544 115, 634 115, 738 115, 819
115, 987
115, 914
116, 083 116, 153 116,219
Total labor force, including Armed Forees:§
(New sample) do
66 292
67 139
67 438
67 786
68 788 68 824
67 218
68, 238 i 67, 127
(Old sample)
do
68, 290
68, 258
66, 954
66, 874
66, 106
65, 589
66, 905
Civilian labor force total (New sample) do
62 840
63 725
63 825
64 063
64 425
65 445 65 494
64, 648 i 63, 552 63, 404
(Old sample) _do ... 64, 734
62, 614
63, 353
64, 668
62, 137
63, 491
Employed (New sample)
__ d o .
59, 753
60 055
60 598
61 il9
62 098 62 148
60 100
(Old sample)
do
63, 408 i 62, 306
63, 172
63, 120
62, 242
60, 764
61, 925
59, 778
60, 106
Agricultural employment:
(New sample) do
7 628
5 284
5 704
6 822
5 875
6 076
7 486
7,274
(Old sample), .do
7,926
~7,628
i 7, 262
7,159
6,651
5,438
5,345
5,626
Nonagricultural employment:
(New sample)- do
54, 469
54, 351
54 225
54 522
54 470 54, 661
54 297
(Old sample) _do
55, 246
55, 492
56, ~134 i 55, 044
55, 083
55, 274
55, 326
54, 433
54, 480
Unemployed (New sample) §
do ...
3 346
1,240
1,321
1,301
2 313
1,699
3,087
3,671
3 725
3 465
3 347
3 305
1
(Old sample)
do
1,240
1,562
1, 548
1, 246
1,162
1,850
2,359
3,385
1,488
Not in labor force (New sample)
... do
49, 447
48 679
48 297
47 365 47 395
48 696
48 549
1
(Old sample)
do
46, 994
46, 742
46, 874
48, 215 48, 495
50, U9
48, 671
49, 528
48, 915
r
]
Revised.
v Preliminary.
See note marked "cf1" for this page.
9 Revised beginning 1953; not strictly comparable with earlier data.
JData for 1946-53 have been revised to
reflect changes in seasonal factors and other minor changes. Unpublished revisions (prior to July 1952) will be shown later.
fRevised series. See corresponding note on p. S-3.
©Minor changes have been made for May 1950-October 1951. Revisions for November 1951-December 1952 appear at bottom of p. S-10 in the March 1954 SURVEY.
cf Beginning in January 1953, materials from the 1950 Census have been used in estimating the labor force statistics. Accordingly, the figures prior to January 1953 are not entirely comparable with those for subsequent months. In September 1953, a further revision in the estimating procedure was introduced which raised the level of agricultural employment by roughly
200,000 (and conversely lowered the level of non agricultural employment by approximately 200,000). See note at bottom of p. S-10, February 1954 SURVEY, for rough adjustment factors for use
in comparing the 1953 estimates with earlier data.
§Beginning with data for January 1954, the Bureau of the Census has released preliminary estimates of the labor force based on a new sample. The new sample, like the old, consists of
25,000 households, but is more widely distributed in 230 areas covering 450 counties (the old sample comprises 68 areas in 123 counties). Since it is believed that the 230-area sample yields
more accurate results, collection of data based on the old sample was discontinued after February 1954. Tentative adjustments for unemployment for the period September-December 1953
are shown for rough comparison with data beginning January 1954.
SURVEY OF CURRENT BUSINESS
August 1954
S-ll
1953
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
August
September
191>4
October
November
December
January
February
March
April
May
June
' 47, 920
r 15 335
r 9 152
' 6, 683
T 736
P 48, 150
P 15 ggg
P 9 121
" 6, 767
/» 748
'• 100
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees in nonagricultural establishments: 9
Total, unadjusted (TJ. S. Dept. of Labor)
thousands..
Manufacturing
do
Durable-goods industries
do
Nondurable-goods industries
do
Mining total
do
Metal
-.- do
\nthracite
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) 9
Manufacturing
Mining
__
Contract Construction
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous
Government
_
do
do
._ do._.
do
_. do...
do
do
do
_. do...
Production workers in manufacturing industries: 9
Total (II 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 nonferrous metals
thousands, _
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands..
Heating apparatus (except electrical) and
plumbers' supplies ._
thousands
Machinery (except electrical)
do
Electrical machinery
.do
Transportation equipmentdo
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs.. .do
Railroad equipment
do
Instruments and related products
do..
Miscellaneous mfg. industries
_do
Nondurable-goods industries
do
Food and kindred products. _.
do
Meat products
_
do
Dairy products
do
Canning and preserving
,
do
Bakery products
do
Beverages
do
Tobacco manufactures
do
Textile-mill prod ucts
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
thousands
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing. _
thousands
Women's outerwear
do
Paper and allied products.
do
Pulp, paper, and paperboard mills.. do
Printing, publishing, and allied industries
thousands _ _
Newspapers
do_.
Commercial printing.
.do
Chemicals and allied products
do_.
Industrial organic chemicals
do
r
Revised.
P Preliminary.
49,904
17, 416
10,301
7,115
846
107
54
284
49, 716
17, 336
10,190
7,146
836
106
49
275
49, 962
17, 537
10, 192
7,345
844
105
50
276
50,200
17, 510
10, 145
7.365
839
105
50
276
50, 180
17,301
10 072
7,229
826
295
107
2,711
4,260
1,400
129
706
45
557
298
107
2,768
4,283
1,410
128
716
44
564
303
109
2,825
4,274
1,407
127
710
43
566
298
109
2,866
4,265
1,394
126
704
43
560
295
108
2 889
4,257
1 383
10, 473
2, 765
7,708
1,386
1,391
815
2, 037
5,576
539
347
174
6, 585
10,414
2,773
7,641
1,334
1,386
820
2,067
5,607
596
347
168
6, 405
10, 392
2,770
7,622
1,340
1.376
825
2.067
5, 601
596
343
163
6, 422
10, 523
2,774
7,749
1,403
1 386
823
2,041
5,566
525
338
167
6,590
10 669
2 808
7 861
1 476
1 405
49, 880
17,531
842
2 607
4,242
10,540
2,017
5, 494
6,607
49, 905
17, 507
844
2 611
4,251
10, 544
2,036
5,524
6, 588
49, 849
17, 400
836
2 616
4,243
10, 548
2, 036
5, 518
6,652
13 985
8,326
194
13 875
8,194
199
740
403
317
467
105
49
269
128
706
44
556
827
49, 851
16, 988
9 897
7,091
829
105
49
271
297
106
2 789
4,216
1 354
128
705
43
556
10 828
2 831
7 997
1 581
1 415
830
50, 197
16 765
9 773
6. 992
822
106
49
266
298
104
2 632
4 187
1 329
127
704
43
556
11 361
9 830
8 531
1 960
1 429
839
48, 147
16 434
9 591
6, 843
805
104
46
261
295
99
9 349
4 069
1 266
127
701
42
555
10
9
7
1
1
47, 848
16 234
9 389
6, 845
772
' 48, 068
103
45
252
102
42
237
r gg
291
98
2 356
4 039
1 244
292
99
2 415
3 992
1 215
47,880
16 322
9 480
6,842
790
126
701
41
554
421
794
627
369
401
9
10 310
2 792
7 518
1 305
1 406
85
818
r 16 000
r 9 260
' 6, 740
r 749
99
29
'213
291
r 101
292
' 104
r 2 535
r 2 631
r 4 008
' 4 Oil
1 216
1 206
126
700
41
555
10 305
2 780
7 525
1 319
1 399
39
r 220
125
r 700
42
r 556
r 10 496
2 762
r 7 734
r i 409
r i 420
812
808
124
699
41
557
r IQ 375
2* 745
7 629
]' 336
1 417
T go9
2 081 j
5, 563
499
2 040
5,506
490
2 034
5,467
477
2 040
5, 435
475
2 033
5, 377
467
2 044
5,380
474
6, 692
6 700
333
165
330
163
329
164
6 955
6 659
6 639
6 667
r 6 699
49 707
17 263
835
2 679
4 247
10 523
2,041
5 484
6,635
49 711
17 125
49 422
16 901
49 109
16 704
48 812
16 497
48 607
16 349
2 725
4 245
10 563
2, 050
5 506
6 671
2 708
4 205
10 577
2,044
5 494
6 668
14 070
8 195
194
14 061
8 161
194
13 852
8 088
13 534
7 910
727
397
314
458
731
399
315
466
721
393
315
467
713
388
87
1 153
82
1 143
85
1 138
86
1 129
567
571
572
CC1
555
50
50
50
51
50
49
48
48
49
953
934
942
939
924
902
875
874
864
110
1 330
937
1 573
787
572
137
67
245
417
107
1 295
918
1 559
779
575
135
60
242
405
108
1 268
932
1 547
758
584
132
63
240
422
108
1 262
941
1 520
721
596
132
107
1 254
'933
1 507
102
97
913
1 449
883
637
02
42
430
567
128
59
243
425
655
128
62
9
42
434
126
60
125
59
122
55
592
120
53
1.380
' 625
T
585
116
48
407
386
393
389
'380
576
115
45
T
220
'374
5,659
1 108
249
90
179
183
197
83
1,113
514
220
5,681
1 202
252
90
5, 900
1 326
5, 764
1 224
5, 624
5, 528
5, 386
1,024
5, 386
1,009
5, 388
1,009
T
5, 281
' 1,011
' 5, 230
' 1,032
183
134
84
1,085
507
214
5, 875
1 289
9
53
89
343
181
138
105
1,093
503
217
1 085
123
1 066
114
290
305
443
219
512
146
167
550
227
964
9
372
338
170
826
193
313
337
170
825
187
695
377
9 fiRfi
4 176
10 579
2, 050
5 490
6 606
r 4gg
331
171
j] j A 424
v 2 757
i' 333
j, | ^22
p 81 1
v
p 9
1 AA
v 5, 600
v 526
p 007
000 i
•p 173
171
' 6 701 p 6 625
805
794
48 441
1 6 262
' 772
48 268
16 122
' 753
4 118
10 577
2, 054
4 087
10 543
2,065
5 490
6 661
4 012
10 552
2,067
5 488
g' 634
4 015
10 524
2,075
7 ^90
7 4.°.A
r 7 QOQ
627
643
'649
'679
v 7(14
r 407
6 693
5
K()(\
6 632
48 178
ifi' n*}Q
744
4ft 1 1 Q
1 ^ QQ7
744
4 Oil
2, 085
2,081
6 667
i q 01 n
7 791
1 R4
654
OfTQ
617
301
465
459
448
428
427
429
'428
'427
P428
86
1 112
86
1 088
83
77
78
78
78
78
' 976
p 985
491
488
P490
48
47
48
J>48
852
'840
'832
"830
715
592
9
etf)
1 940
109
1,067
493
91fi
91 1
1 121
125
1 099
125
124
279
310
439
219
294
330
447
221
311
313
450
222
507
144
165
546
227
510
144
164
550
229
521
147
168
555
101
1,046
485
9Q9
522
941
267
74
53
112
1,088
502
226
818
2 075
' 5, 506
r
*301
v 104
;> 9 730
v 4 029
v l 228
v 122
P 699
v 41
P 563
308
1X9
-loc
292
335
167
9 057
5,406
474
p 9g
" 214
120
104
1,028
477
199
90
855
256
73
132
173
115
97
997
466
190
839
250
74
125
175
112
90
995
463
194
121
121
1,062
119
448
221
312
446
220
442
221
438
219
525
147
170
552
522
147
169
525
514
514
173
171
169
214
536
207
290
222
1 /to
'vd.S
220
217
r
502
827
246
77
126
174
115
84
989
460
193
r
811
r
241
80
135
174
117
82
979
'455
r
192
' 1, 165
'791
' 1, 342
605
239
84
143
174
122
82
'970
454
31
1, 150
"778
v 1, 321
^592
v 570
pill
p42
"374
T 5, 304
v 1,078
p 247
P88
T 163
-174
P128
»82
192
p980
P457
pl96
'985
105
^989
pllO
1,088
122
1,101
121
271
275
' 268
' 314
'433
'217
p 263
349
436
219
261
437
218
287
' 434
218
p 436
" 219
517
146
168
539
204
'516
146
168
' 534
202
' 516
148
166
' 525
201
' 1, 030
'110
»283
p 518
Pl47
pl68
P 518
P201
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 19.">4
1953
June
July
August
Septem-
1954
October
November
December
January
February
March
April
May
June
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Production workers in mfg. industries 9— Con.
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries—Continued
Products of petroleum and coal
thousands. _
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) 9
1947-49 = 100Manufacturing production-worker employment
index, adjusted (Federal Reserve) 9 .1947-49=100..
Miscellaneous employment data:
Federal civilian employees (executive branch) :cf
United States, continental. _
..thousands. .
Washington, D. C., metropolitan area. -do
Railway employees (class I steam railways):
Total
thousands .
Indexes:
Unadjusted
... 1935-39 = 100,.
Adlusted
-do
189
143
227
96
350
229
190
144
219
94
343
223
191
145
221
93
349
227
188
143
221
93
341
220
185
141
216
90
334
213
184
141
210
87
334
215
181
139
209
87
332
219
178
138
206
86
332
222
178
138
203
85
339
225
177
137
199
85
338
22fi
176
137
' 195
-83
325
r
218
177
137
197
84
' 314
210
r
180
139
199
*8ft
324
21H
113.1
112.2
113.8
113.7
112.0
109.4
107.7
105. 1
104. 3
103.6
101.8
100. 5
p 100. 9
114.0
113.6
112.7
111.7
1 10. 6
108. 7
107.1
105. 6
104.6
103.8
' 102. 7
' 102. 1
p 101. S
2, 277. 2
222.1
2, 255. 1
218.6
2, 231. 9
215.4
2, 204. 6
213.0
1-, 179. 4
210.5
2, 177. 0
209.6
i 2, 454. 6
i 212. 9
2, 157. 9
207.7
2, 149. 0
207.3
2, 147. 3
207.2
2,141.6
206.9
2, 134. 2
205.8
2, 138. 1
207.8
1,263
1,274
1,271
1,258
1,248
1,222
1,190
1,139
1,114
1.089
120.4
118.8
121.5
118.9
121.2
118.7
120.0
117.1
119.0
115.2
116.4
115.4
113.2
115.0
108.6
112.9
106.2
108.9
103.8
106. 5
153.9
151.1
154.0
153. 4
152. 6
148.0
147.2
140.8
140.5
138.4
40.7
41.4
41.3
40.3
40.8
41.2
40.5
41.1
40.9
39.9
40.6
41.0
40.3
41.0
40.9
40.0
40.6
39.9
40.2
40.8
40.9
39.4
40.1
40.0
39.6
40.2
40.0
39.5
40.0
40.2
39.0
39.7
' 39. 7
39.3
'39.9
' 40. 1
* 39. ft
P 40. 0
P 40. 3
41.4
41.2
41.0
41.0
40.0
41.3
40.7
40.4
39.9
40.8
39.0
40.9
40.8
41.1
40.9
41.1
39.8
41.0
40.1
40.4
40.5
40.4
39.3
40.2
40. 8
41.1
41.1
41.2
39.7
40.3
40.0
40.1
40.7
40.6
39.4
39.8
40.2
40.4
40.7
40.7
39.4
39.8
39.4
39.2
39.6
39.7
39.0
39.3
40.1
40.2
40.1
40.4
39.6
38.6
40.0
40. 6
40.1
40.4
39.6
38.0
40.2
40.6
39.1
40.1
38.3
38.0
' 39. 9
40.6
'38.8
40.3
38.9
'38.6
P 40. ft
P 41. 3
P 39. 7
MO. 4
P38.8
P 39. 0
40.9
40.8
41.0
40.0
40.2
39.6
39.2
38.9
37.8
36.8
37. 1
38.0
"38. 4
41.5
41.2
41.2
41.3
41.4
41.7
41.9
41.7
40.6
39.9
39.8
39.9
"40.2
42.0
41.3
41.4
40.7
41.3
41.0
41.5
40.7
40.6
40.4
40. 1
' 40. 7
P 40. 7
40.1
42.3
40.8
41.1
41.5
41.2
39.4
40.0
41.5
40. 9
40.1
41.7
40.1
40.8
40.7
41.5
39.5
38.8
40.6
39.7
40.0
41.9
40.7
41.2
41.2
41.8
39.4
38.5
41.1
40.6
39.0
41.7
40.5
40.3
39.9
41.4
38.1
39.0
41.2
40.1
40.3
42.0
40.4
40.9
40.8
41.6
38.5
39. 5
41.4
41.0
39.3
41.6
40.3
40.4
40.1
41.6
37.8
38.7
41.3
40.7
39.8
42.0
40.2
40.7
40.1
41.8
39.6
39. 6
41.3
40. 7
38.6
41.2
39.3
40.5
41.0
40.6
38.0
39.2
39.9
39.4
39.3
41.3
39.9
40.2
39.5
41.2
39.0
39.5
40.4
40.1
39.3
41. I
39.6
40.1
39.5
41.0
39.4
39.2
40.2
40.0
38.4
40.5
39.2
'40. 2
'40.4
40.5
'38.9
'38. 5
' 39. 6
39.2
39.5
'40.6
<• 39. 5
'40.4
40.5
40.7
39.1
38.4
' 39. 6
' 39. 6
P 40. 0
"40. 5
P39.6
"39. 9
i' 39 3
MO. 7
"39.1
"39. 1
"39.8
"39. 7
39.7
41.6
41.5
44.7
38.1
41.9
42.6
37.0
39.5
39.9
37.4
39.6
41.7
40.7
44.7
40.3
41.6
43.1
37.4
39.1
39.5
37.2
39.6
41.3
40.6
44.2
40.1
41.4
41.9
38.9
39.0
39.2
37.7
39.0
41.9
41.4
44.2
41.3
41.8
41.7
39.1
37.7
37.9
36. 0
39.3
41.5
42.1
43.2
40.1
41.3
40.7
39.4
38.2
38.3
37.6
39.1
41.4
43.2
43.0
37.0
41.0
39.9
38.3
38.2
38.5
37.2
39. 3
41.3
41.6
43.5
37.9
41.0
40.1
39.3
38.4
38.6
37.1
38.5
40.9
41.5
43.1
37.7
40.8
39.3
36.2
37.4
37.5
36.1
38.8
40.5
39.7
43.3
37.5
41.0
40.0
35.9
38.0
37.9
37.0
38.8
40.4
39.7
43.2
36.7
40.8
40. 1
36.0
38.0
38.0
36 9
' 38. 1
' 38. 5
'40.8
40 5
43 5
37.9
41 0
40 3
'37.3
37 2
37 1
36 1
P 39 0
p 41.4
P 41 1
P 44 7
P 38. 5
P 41 4
p
41 1
"38.3
v 37 8
"p 37 7
36 9
1,981
1,091
103. 1
' 104. 8
" 104. 1
* 104. 5
P 105. 2
P 103. H
135. 0
' 135. 1
p 136. 7
T
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept, of Labor) 9 1947-49=100. _
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) : 9
All manufacturing industries
hours..
Durable-goods industries
do
r
Ordnance and accessories
do
Lumber and wood products (except furniture)
- .
hours.
Sawmills and planing mills
do ._
Furniture and fixtures
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown-do
Primary metal industries
do_ _ _
Blast furnaces, steel works, and rolling
mills
..
... hoursPrimary smelting and refining of non ferrous
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.
do.
Food and kindred products.
. do
Meat products
do
Dairy products
do
Canning and preserving . ..
do...
Bakery products _
do
Beverages
do
Tobacco manufactures
do
Textile-mill products _. . . __ . do.
Broad-woven fabric mills
do
Knitting mills
do
r
40.2
39.5
43.3
'36.2
40.9
40.5
'36.3
-•37.
1
r
37. 2
35 6
Apparel and other finished textile products
35.6
36.6
36.4
34.9
36.0
36.1
34.8
35.9
36.1
hours _ .
*r 34. 3
36.2
'35.0
p 35. 0
35. 4
36.2
37.4
36.8
36.9
35.7
36.6
Men's and boys' suits and coats.
_do
36. 0
34.9
32. 9
35. 6
33.0
p 33. 9
Men's and boys' furnishings and work
T
35.8
36.1
36.7
37.3
36.9
37.4
34.4
35.7
clothing
_. ..
__ hours
35.9
36 1
34 6
34 9
P 35 2
32.5
35.3
34.6
34.7
34.1
34.3
35.5
Women's outerwear
do
34.5
35.7
'33.8
35.9
34.9
^33.9
43.1
43.0
42.9
42.7
43.3
43.2
42.8
41.9
Paper and allied products _
do
41.9
41 6
42 1
42 1
P 42 5
44.4
44.2
44.0
43.7
43.8
44.5
43.4
44.0
Pulp, paper, and paperboard mills.--do
43.3
'42.8
43 4
43.2
M3. 7
Printing, publishing, and allied industries
38.9
38.9
38.7
38.8
39.0
38.8
38.4
39.3
hours..
38.2
38.6
38.1
38.2
"38.3
36.5
Newspapers
do
36.2
36.0
36. 0
36.3
36.3
35 6
37.4
35 6
' 35 9
35 7
36 3
P 36 1
40.2
40.0
Commercial printing
do
40.0
40.1
40.0
40.1
40.5
39.9
39.3
' 39. 3
39.0
39.8
*39. 0
41.4
41.2
41.1
41.0
41.3
Chemicals and allied products
do
41.3
41.1
41.5
41.1
41.1
'41.0
41.1
Ml. 4
40.8
40.6
40.9
40.4
41.0
Industrial organic chemicals
do
40.1
40.5
40.7
40.4
40.2
' 40. 3
40.5
"41.0
41.4
41.2
40.8
41.1
40.8
Products of petroleum and coal
do
40.8
40.7
40.5
40.3
' 40. 3
40.2
41.2
^41.4
41.2
40.5
Petroleum refining
do
40.3
40.7
40.6
40.7
40.7
40.5
40.2
40.2
40.2
40.9
Ml.O
39.0
40.5
Rubber products
do
39.1
39.4
39.8
40.7
39.2
38.9
38.7
'38.7
38.5
' 39. 5
P40. 5
39.1
37.8
38.5
37.8
40.2
40.0
Tires and inner tubes
..do
37.3
37.5
37.4
36.6
'37.9
39.3
P40.9
35.5
37.8
38.1
38.2
36.1
36.0
Leather and leather products
do
37.7
37.6
37.7
38.0
35.6
'35.5
"36. 7
34.4
37.3
37. 9
37.8
34.6 i
Footwear (except rubber)
do
37.2
34.7
37.4
37.9
34.9
37.3
34.6
"35.9
r
Revised.
v Preliminary.
1 Includes temporary Post Office employees hired during Christmas season; there were about 289,000 such employees in alt areas.
9 See corresponding note on p. S-ll.
cfData beginning January 1953 have been revised to exclude the employees of the General Accounting Office and Government Printing Office. At the end of January 1954, employment ii
these agencies was as follows: Continental United States—GAO, 5,800; GPO, 7,100; Wash., D. C.—GAO 4,300; GPO, 6,900.
SUKVEY OF CURRENT BUSINESS
August 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-13
1954
1953
June
July
August
September
October
November
December
January
February
March
April
June
May
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
Nonmanufacturing industries: 9
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 t
do . _
Telephone
-do
Telegraph
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, vear-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 (Bureau
of Employment Security):
Initial claimsf
thousands _
Insured unemployment, weekly average*. ..do
Benefit payments:
Beneficiaries weekly average
do
Amount of payments
thous of dol
Veterans' unemployment allowances :o*
Initial claims
..thousands-Insured unemployment weekly average . do
Bonoficiaries weekly average
do
Amount of payments
thous. of dol .
Labor turnover in manufacturing establishments:
Accession rate . .monthly rate per 100 employees-Reparation rate total
do
"Discharge
_ __
do
Lav-off
do
Quit
do
Military and miscellaneous
do
43.6
36.8
36.5
42.7
34.1
34.4
43.9
25.2
37.3
44.0
28.5
34.6
43.2
29.6
36.2
43.2
25.6
32.6
44 0
26.2
33 3
43 6
28 6
33 2
41 7
29.7
32 0
40 5
25 6
29 7
'39.8
26.2
'28. 9
39 8
25.2
31 3
P 40 7
40.1
45.7
38.6
41.8
37.8
41.4
45.4
38.1
41.7
37.1
41.7
45.9
38.6
42.5
37.6
40.7
45.0
36.9
39.9
36 1
40.3
45.9
38.6
42.2
37.7
41.4
44.5
37.2
39.4
36.7
40.2
44.0
36.8
39.1
qc q
oO.
u
40.7
41 0
34.3
36 0
33.9
40.3
42 9
36.7
39 8
36.0
40.2
42 9
37.0
39 7
36.4
MO. 2
'43. 4
37.0
'39.3
36.5
41.2
44 4
37.5
40 6
36.6
"40.0
v 44 9
"38 1
p 41 9
"37.0
46.1
39.0
42.0
41.5
45.3
39.0
42.0
41.7
45.0
38.7
42.0
41.5
44.9
39.4
42.1
41.8
44.3
38.6
41.6
41.5
44.1
38.8
41.2
41.7
44.5
38.5
41.1
41.6
44 4
38.2
40 9
41.3
43
38
41
41
43
38
41
41
43
38
42
41
p 43
p38
j> 41
p 41
40.4
40.5
40.4
40.4
40.6
40.5
40.7
40.2
40.2
40.2
MO. 2
40 5
v 40 5
39.4
35.4
39.3
44.9
39.9
36.1
39.9
44.9
39.8
35.8
40.0
44.6
39.1
34.8
39.2
44.3
38.9
34.6
38.3
44.6
38.8
34.5
38.3
44.5
39 2
36.3
38 6
44.4
39
34
38
44
39
35
38
44
39
35
38
44
1
2
3
4
39 1
'35. 5
38 3
r
44.5
38
34
37
44
v 39
v 35
v 38
P 44
42.0
40.9
41.3
42.2
40.1
39.2
42.3
39.9
38.9
42.0
40.2
40.0
42.3
40.1
40.1
42.2
40.0
39.3
41.9
40.6
39 9
41.8
39.7
38 2
42.0
39 8
38 6
41.9
39 6
39 2
Ml.
7
T
40.4
42 0
41.7
40 3
40 0
p 41 9
P 40 6
P 40 9
567
258
534
293
484
238
420
119
379
175
281
100
145
76
250
80
200
50
225
100
300
130
350
180
350
180
875
448
4,530
.48
841
491
3,880
.39
763
393
2,880
.32
72]
211
1,700
.19
658
240
1,650
.17
502
175
1 570
.18
354
173
1 880
20
400
150
1 000
12
350
100
750
09
375
150
1 300
14
450
200
1 200
13
500
230
1 750
21
550
280
2 ^00
24
612
574
572
605
544
433
378
353
333
391
428
439
470
803
833
980
861
795
816
817
779
918
840
1,241
1,115
1 616
1,509
1 749
2,034
1 340
2,170
1 392
2,175
1 442
' 2, 181
1 227
2,070
1 272
1,924
734
72, 033
675
69, 175
679
64, 579
651
65 300
656
66 104
809
78 979
1 124
120 780
1 592
158 418
1 864
179 284
1 953
215 650
1 894
200 837
1 850
185 601
1 818
190 959
17
25
29
3,086
18
27
30
3,322
16
27
32
3,234
15
24
29
3,041
17
23
25
2,600
24
31
32
3,096
33
45
47
5 043
39
64
69
6 599
35
78
89
8 085
38
87
103
10 840
30
82
101
10 153
29
38
79
5.1
4.2
.4
.9
2.6
.3
4.1
4.3
.4
1.1
2.5
.3
4.3
4.8
.4
1.3
2.9
.3
4.0
5.2
.4
1.5
3.1
.3
3.3
4.5
.4
1.8
2.1
.3
2.7
4 2
.3
2.3
1.5
.3
2.1
4 0
.2
2 5
1. 1
2.8
4 3
2
2 8
1i
3
2.5
35
2
2 2
10
2
2.8
3 7
2
2 3
1 0
2
2.4
38
2
2 4
1 i
2
72.04
77.42
78.88
71.33
76. 70
77.87
71 69
77.27
78 12
71 42
77.14
79 13
72 14
77 90
78 94
71 60
76 73
76 21
72 36
77 52
78 94
70 92
76 59
77 60
71 28
76 38
78 40
70 71
76 00
79 19
70 20
75 43
r 70 21
r 7fi 74
r 7fi 91
68.31
67.16
62.73
70.11
67. 16
65.85
61.05
70.58
66.91
67 40
62 99
71.10
66.97
67 06
62 78
71.10
67.32
67 82
64 12
72.10
65. 20
65 76
63 49
71.05
64.32
64 64
63 90
71.23
62.65
62 72
61 78
69.48
63.76
63 92
64.40
' 65. 93
'66.63
» 68. 21
' 70. 53
P71.10
68.40
84.25
67.08
85.07
68.46
85 28
69. 17
85 63
69.08
83 82
70.13
82 78
69. 34
82 78
68. 64
81 74
70.02
P 69. 81
9
0
9
3
2
4
0
4
1
1
0
2
4
2
2
2
0
r
43.1
38.2
42. 1
41.0
1
6
1
0
9
9
9
4
94
8 975
r
2.7
33
2
r 1 Q
10
2
" 36 4
r 33 6
6
6
7
2
4
6
7
6
Q7
9 755
"3.6
n Q 1
p 2
p1 7
P11
v 9
WAGES
Average weekly gross earnings (U. S. Department
of Labor) : 9
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
ao
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 products
do
Miscellaneous mfg. industries .. ...
do
ft4. Qfi
r
gc 177
r
c-t QQ
70.70
62 56
70.30
70.09
79 52
70.49
78 28
r
Qf)
Jg
' 70. 18
68. 94
T 77 QQ
r 7Q £9
87.53
89.76
90.20
90.80
88.04
86.33
85.46
84.80
81.27
79.12
' 79. 39
81.70
p 84. 10
80.51
80. 34
81.16
85.08
82.39
82.98
82.54
83.40
79.98
78.20
78.41
78.20
p 79. 19
77.28
76. 41
76.59
75.70
77.23
76.67
78.02
76.92
76.33
75.95
75.39
76. 92
p 76. 92
72.98
82.49
71.81
85.08
89.23
81.99
79.59
81.20
73.87
63.80
72.98
81.73
70.58
84.86
87.91
82.59
80.98
77.99
71.86
61.93
72.80
82 12
71 63
85.70
88 58
83.60
81 16
78.16
73.16
63. 74
71.76
82 57
72 09
84.23
86 58
83.21
78 87
80.73
74.16
63.36
74.56
83 58
71 91
85.89
88 13
84.03
79 70
81.77
74.93
65. 19
72.31
82 78
72 14
84.84
87 02
84.03
78 62
80.11
74.75
65.12
73.63
84 42
72 36
85.88
87 42
85. 27
82 37
82.76
75.17
65 53
71.80
82 40
70 74
85.86
89 79
83.23
78 66
82.32
72.22
fi3 4,'A
73.10
82 60
72 22
84.82
85 72
85.28
81 12
82.95
73.12
fid. 1ft
73.10
82 20
70.66
81 00
73.47
P 74. 40
' 84. 82
' 85. 24
f 84. 19
83.43
83.84
P 84. 25
72. 07
80.26
' 72. 07
«9 79
p 82. 11
P 72. 83
r l\'i
n
70 ^ft
OQ
84.21
84 no
84.46
81 9*5
81.93
72. 76
<u nn
r
r 87 9ft
f 80 7O
' 80. 08
r
"7 K
r
Revised.
v Preliminary.
9 See corresponding note on p. S-ll.
| Revised to include only privately operated lines; data shown in the March 1954 SURVEY and earlier issues cover both privately operated and government-operated lines.
*
n o m wJth the Februai7 195i SURVEY data for veterans'unemployment allowances cover only unemployment compensation benefits under the Veterans Readjustment Assistance
Act of 1952. The figures for initial claims exclude transitional claims; the insured unemployment figures exclude claims from veterans which were filed to supplement benefits under State or
railroad unemployment-insurance programs to eliminate duplicate counts in the State data shown above; the number of beneficiaries and the amount of payments include all veterans whether
or not the payments supplement benefits under either State or railroad insurance programs.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 1954
1953
June
July
August
September
1954
October
November
December
January
February
March
April
May
June
' 68. £*
r 08. 54
74. 93
60. (10
54. 58
67. 05
78. 18
>• 50. 36
50. 59
48.97
47. 65
p 64. 74
v 69. 55
P 76. 04
p 71. 52
p 53. 52
p 68. 31
p 80. 56
"51.71
v 51. 41
P 49. 76
p 48. 34
' 46. 20
53.13
P 46. 55
P 54. 92
39. 44
49. 56
72. 83
78.62
p 39. 7*
p 48. 82
p 73. 95
P 79. 97
86.71
94. 02
84.24
>• 77. 90
82.62
93. 11
96. 52
r
77. 42
88. 43
- 49. 35
46. 02
p 86. 94
P 93. 86
p 84. 85
p 79. 07
p 84. 05
p 94. 39
p 97. 58
"81.00
p 94. 48
p 51. 01
p 47. 75
EMPLOYMENT AND POPULATION— Continued
WAGES—Continued
Average weekly gross earnings, etc. 9 — Continued
All manufacturing industries — Continued
Nondurable-goods industries
dollars _ .
Food and kindred products
do
Meat products
_do_
Dairy products
do
Canning and preserving
do
63. 52
66.56
74.29
68.39
51. 44
65.36
79.66
46.99
53.72
53.47
48.25
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
-do_ .
Apparel and other finished textile products
48.05
dollars. .
58.67
Men's and boys' suits and coats __ do
Men's and boys' furnishings and work
41.51
clothing
dollars..
50.66
Women's outerwear
do
72.41
Paper and allied products
- do
78.68
Pulp paper and paperboard mills do
Printing, publishing, and allied industries
85.36
dollars
92.35
Newspapers
do
84.00
Commercial printing
do
75.58
Chemicals and allied products
do
80.16
Industrial organic chemicals
do
88. 54
Products of petroleum and coal
do
91.94
Petroleum refining
do
78.55
Rubber products
do_
89.20
Tires find inner tubes
do
52.33
Leather and leather products
do
49.90
Footwear (except rubber)
do
Nonmanufacturing Industries:
Minine:
86.76
Metal
do --91.63
Anthracite
do
91.25
Bituminous coal
do
Crude-petroleum and natural-gas production :
Petroleum and natural-gas production
87.02
dollars. .
76.78
Nonmetallie minin? and quarrying
do
92.25
Contract construction
do
91. 54
Nonbuilding construction
do_. 92.23
Building construction
do
Transportation and public utilities:
78.37
Local railways and bus lines J
do
65.13
Telephone
- do__
75.60
Telegraph
do
80.22
Qqs and electric utilities
do ...
Wholesale and retail trade:
71.10
Wholesale trade
do
Retail trade (except eating and drinkinsr
55.16
places)
dollars
39.65
General-merchandise stores
do_.
58.95
Food and liquor stores
do_ 74.98
Automotive and accessories dealers do
Finance, insurance, and real estate:
54.28
Banks and trust companies
do —
Service and miscellaneous:
38.22
Hotels, vear-round
do
40.08
L/aundries
do
47.08
Cleaning and dveing plants
do
Average hourly gross earnings (17. 8. Department
of Labor) : 9
1.77
All manufacturing industries
dollars
1.87
Durable-goods industries
do
1.91
Ordnance and accessories
do
Lumber and wood products (except furni1.65
ture)
dollars. .
1.63
Sawmills and planing mills
do
1.53
Furniture and
fixtures
do
1.71
Stone clay and glass products
do
Glass and glassware pressed or blown
1.71
dollars..
2.04
Primarv metal industries
__do
Blastfurnaces, steel works, and rolling: mills
2.14
dollars..
Primary smelting and refining of nonferrous
1.94
metals
__
dollars
Fabricated metal prod, (except ordnance,
machinery, transportation equipment)
1.84
dollars..
Heating apparatus (except electrical) and
1.82
plumbers' supplies
._ dollars. .
1.95
Machinery (except electrical)
do
1.76
Electrical machinery... __
do
2.07
Transportation equipment
.do
2.15
Automobiles
do
1.99
Aircraft and parts.
do
2.02
Ship and boat building and repairs. ..do
2.03
Railroad equipment
do
1.78
Instruments and related products
do
1.56
Miscellaneous mfg. industries
.do
1.60
Nondurable-goods industries ._ _. _ do
1.60
Food and kindred products
do
1.79
Meat products _
.
d
o
1.53
Dairy products..
do
1.35
Canning and preserving _
do
1.56
Bakery products.
do
1.87
Beverages .
do
'Revised.
* Preliminary.
9 See corresponding note on p. S-ll.
iRevised series. See note marked "t" at bottom of p. S-13.
63.76
66.72
72.85
69.73
54.00
65.73
80.60
47.87
53.18
52.93
47.99
63.76
65.25
72.67
68.51
54.14
65.41
79.19
47.46
53. 04
52.14
48.63
63. 57
67.04
76.18
69. 84
55. 34
66. 88
80.90
46.92
51. 65
50.79
46.80
63.67
67.23
77.89
68.26
54.54
65. 67
77.33
48.07
52.33
50.94
49.26
63.73
68.31
82.51
67.94
49.95
65.60
75.41
47.49
52.33
51. 21
48.73
64.45
68.15
76. 54
68.73
53.44
66.42
75. 39
49.13
52.61
51.34
48.60
63. 53
68. 71
76. 78
69. 39
55. 04
66. 10
75.06
45. 97
50. 86
49. 13
47.65
64. 02
67.64
73.05
69. 71
54. 38
66. 42
76.80
46.31
52. 06
50. 03
48.84
04. 02
67. 87
73.05
69. 12
53. 95
66. 50
77.79
47. 52
51.68
50. 16
48.71
r
47.88
57.41
49.78
60.59
47.12
57.35
48.74
58.64
48.06
57.48
48.82
58.19
47.68
55. 84
49. 46
57. 96
49.59
57.32
r
40.96
52.59
73.44
80.10
41.78
54.72
73.61
79.92
40.79
49.40
73.87
80.85
41.84
51.83
73.53
79.72
40.81
50.76
73.36
80.08
40. 70
53.61
73.62
80. 08
39.56
52. 44
72.07
78. 55
41.29
54.62
72.07
78. 37
41. 15
54. 93
72. 83
78.99
* 39. 10
* 49. 01
71. 55
84.75
90.36
83.60
76.63
81.59
92.32
96.00
78.98
90.45
51.82
49.65
85.58
90.36
83.81
76.26
80.79
92.06
95. 00
77.21
87.58
51.79
49.24
87.14
93.03
84.80
77.83
83.64
94.35
97.68
74.88
83.54
48.99
45.41
86.58
92.93
85. 63
76. 04
80.60
91.80
94.71
75.07
83.16
49.68
45.67
86.14
92.57
85.41
76.82
81.20
92.21
96.46
75.65
85.09
49.82
45.80
88.43
96.87
86.67
77.61
81.81
91.98
96.05
75. 66
82. 43
52. 03
49.10
86. 02
90.07
85. 79
76.86
81.41
91.53
95. 58
75.08
82.. 88
51. 89
49.37
85.95
90.42
84. 50
76.86
81.20
90.68
94.47
75.47
83.03
52. 44
50.41
86. 85
90. 68
85. 57
76. 86
81.20
90.45
94.47
74.31
80.89
52.40
49.98
86. 11
<• 92. 26
' 84. 50
77.27
r
82. 62
'91.08
94.87
r
75. 08
r
84. 14
49. 13
46.42
88.82
83.89
84.97
92.19
61.49
92.88
94.16
70.40
86. 15
90.29
73.41
89.78
90.72
63.49
81.17
92.40
64.71
82.25
92.00
70.93
82. 34
85.49
74.84
79.04
82.62
63.74
73.06
'81.19
64. 45
-71.67
81.59
62. 24
77.62
P 83. 44
p 91. 36
p 83. 66
92.74
77.63
91.82
92.57
91.64
93.83
79.41
94.18
96.05
93.62
92.39
79.20
90.77
90.97
90.97
90.27
80.33
96.11
97.48
95. 76
94.39
76.99
93.00
91.01
93.59
90. 45
76. 12
92.37
89.93
93.29
92. 80
70.93
87.12
83.88
87.46
91.08
73.79
92.85
91.14
98.24
90.45
74. 22
93.24
90.12
94.28
r
92.87
89. 60
94. 17
94. 35
77.70
94. 88
94. 19
94.79
p 90. 40
p 78. 58
"95. 63
p 96. 37
P 95. 46
77.92
64.35
74.76
81.32
77.40
64.24
74.76
81.34
78.13
68.16
77.46
82.76
77.53
66.01
74.05
82.17
77.18
67.90
73.34
82.98
77.43
65.84
73.16
82.37
78.59
65.70
72.80
81. 77
77.25
65.74
73. 69
80.97
77.33
65. 70
73.75
80.77
>• 77. 58
66. 09
75.78
r
80. 77
77.58
67. 55
75. 78
81. 59
p 78. 92
p 67. 16
P 77. 15
p 82. 40
72.09
71.91
72.72
72.67
72.50
73.26
72.76
72.36
72.76
r 73. 16
74. 12
P 74. 12
56.26
40.07
60.25
74.98
56.12
39.74
60.40
74.48
55.52
38.98
60.37
73. 10
55. 24
38.75
59.37
74.48
55.10
38.64
59.75
74.32
54.49
39. 93
59.83
72.37
55.77
40.14
59.75
71.60
55.91
39.90
59. 59
72.82
55.91
40.13
59.75
73. 26
55. 91
r 39. 76
59. 75
r
74. 76
56. 41
40.48
59. 50
75.92
p 57. 52
P 41. 65
p 61. 15
p 76. 27
<)2. 87
67. 54
7?. 68
' 68. 85
'• 52. 85
67. 08
78. 57
r
49. 01
'T 50. 46
48. 73
46.99
45. 62
' 52. 64
r 77. 47
90. 45
r 75. OS
r
r
54.90
55.00
55.03
55.36
55.33
55.68
56.51
56.79
56.47
r
56. 76
56.81
p 56. 97
38.40
39.30
44.69
38.49
39.10
44.35
39.06
39.80
46.40
39.76
39.70
46.92
39.67
40.00
45.98
39.81
40.60
46.68
39.71
39.70
45.08
39.90
39.80
45.55
39.81
39.60
46.26
T 39. 62
r
40. 80
50.40
40.03
40.30
47.20
p 39. 81
P41.01
P 49. 08
1.77
1.88
1.89
1.77
1.88
1.91
1.79
1.90
1.93
1.79
1.90
1.93
1.79
1.89
1.91
1.80
1.90
1.93
1.80
1.91
1.94
1.80
1.90
1.96
1.79
1.90
1.97
1.80
1.90
1.97
r
1.80
1.91
M.97
"1.81
p 1.91
pl.98
1.65
1.63
1.53
1.73
1.64
1.64
1.54
1.73
1.67
1.66
1.55
1.76
1.65
1.65
1.56
1.75
1.63
1.64
1.56
1.75
1.60
1.60
1.57
1.75
1.59
1.60
1.56
1.75
1.59
1.59
1.55
1.75
1.61
1.60
1.56
1.74
1.64
1.62
1. 56
1.75
r 1.67
r 1. 56
r 1. 75
"1.68
"1.66
"1.57
P 1.76
1.72
2.08
1.72
2.08
1.76
2.13
1.74
2.08
1.78
2.08
1.76
2.08
1.76
2.08
1.77
2.06
1.78
2.06
1.80
2. 05
1.80
' 2. 06
p 1.79
^2.08
2.20
2.20
2.27
2.19
2.18
2.18
2.18
2.15
2. 15
2. 14
2.15
"2. 19
1.95
1.97
2.06
1.99
1.99
1.97
2.00
1.97
1.96
1.97
1.96
pl.97
1.85
1.85
1.86
1.87
1.87
1.88
1.89
1.88
1.88
1.88
1.89
"1.89
1.82
1.96
1.76
2.08
2.16
1.99
2.05
2.01
1.77
1.56
1.61
1.60
1.79
1.56
1.34
1.58
1.87
1.82
1.96
1.76
2.08
2.15
2.00
2.06
2.03
1.78
1.57
1.61
1.58
1.79
1.55
1.35
1.58
1.89
1.84
1.98
1.78
2.09
2.17
2.01
2.07
2.07
1.80
1.58
1.63
1.60
1.84
1.58
1.34
1.60
1.94
1.85
1.99
1.78
2.10
2.16
2.02
2.07
2.07
1.81
1.59
1.62
1.62
1.85
1.58
1.36
1.59
1.90
1.84
1.99
1.79
2.10
2.17
2.02
2.08
2.07
1.81
1.60
1.63
1.65
1.91
1.58
1.35
1.60
1.89
1.85
2.01
1.80
2.11
2.18
2.04
2.08
2.09
1.82
1.61
1.64
1.65
1.84
1.58
1.41
1.62
1.88
1.86
2.00
1.80
2.12
2.19
2.05
2.07
2.10
1.81
.61
.65
.68
.85
.61
.46
1.62
1.91
1.86
2.00
1.81
2.11
2.17
2.07
2.08
2.10
1.81
1.60
1.65
1.67
1.84
1.61
1.45
1.62
1.92
1.86
2.00
1.80
2.10
2.15
2.06
2.08
2.09
1.81
1.60
1.65
1.68
1.84
1.60
1.47
1.63
1.94
r 1.84
1. 86
<• 2. 01
1.81
'2. 11
2.16
2 06
2.07
2.09
1.82
r
1.61
1.66
r
1.68
1.85
1.60
1.44
1.65
1.94
pl.86
P2.00
"1.81
p2.ll
"2.16
P2.07
P2.05
"2. 10
p 1.83
p 1.60
"1.66
"1.68
"1.85
"1.60
pl.39
P 1.65
"1.96
r
r
r
2.00
1.80
2.11
••2.16
2. 06
2.08
2.08
1.82
1. 60
1.65
1.68
1.84
r
1. 59
* 1.46
1.64
1.94
1.66
SURVEY OF CURRENT BUSINESS
August 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-15
195S
June
July
August
1954
September
October
November
December
January
February
March
April
May
June
EMPLOYMENT AND POPULATION—Continued
WAGES —Continued
Average hourly gross earnings, etc. 9 — Continued
All manufacturing industries— Continued
Nondurable-goods industries— Continued
Tobacco manufactures
dollars. ~
Textile-mill products
-do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars-Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars-Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills- -do
Printing, publishing, and allied industries
dollars ._
Newspapers
do_
Commercial printing
do
Chemicals and allied products
do.
Industrial organic chemicals
- _. do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
.
do
Nonmanufacturing industries:
Mining:
Metal
- -- do
\nthracite
do_
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars _.
Nonmetallic mining and quarrying
do
Contract construction
_.
do
Nonbuilding construction
do
Building construction _
- do
Transportation and public utilities:
Local railways and bus lines t
do
Telephone
_ __
do
Telegraph
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
1.27
1.36
1.34
1.29
1.28
1.36
1.34
1.29
1.22
1.36
1 33
1.29
.20
.37
34
.30
1.32
1.59
1.33
1.56
1.36
1.62
1.11
1.46
1.68
1.78
1.11
1.52
1.70
1.80
2.20
2.53
2.10
1.83
1.96
1.35
1. 36
1 32
1.32
p 1 35:
v 1. 36P 1 32"
1.32
1.61
v 1.33.
P 1 . 62
1.13
' 1. 45
1 72
1.81
1.13
1.42
1 73
1.82
v 1.13
Pl.44
p 1 74
Pl.83
2.25
2 54
2 15
1 87
2 02
2.26
2 57
2 15
1 88
2 05
2.27
2 59
2 16
1 90
2 04
v 2. 27
P 2 60
2
9
1
2
1
1
2
2
1
2
1
1
2 26
2 36
i>2 28
P2 38
1 29
1. 37
1 32
1 32
1.32
1. 36
1 32
1.32
1 . 35
1. 30
1 31
1.32
1.37
1.60
1.37
1.61
1.37
1.61
1. 33
1.60
1.14
1.51
1 72
1.82
1.15
1.52
1 72
1.81
1.15
1.53
1 72
1.81
1. 14
1.53
1 73
1.82
2.22
2 55
2 13
1 86
2 01
2.25
2 59
2. 14
1 87
2.01
2.24
2 53
2 15
1 87
2 01
2.25
2 54
2 15
1 87
2 01
9 2(5
2
2
1
2
1
1
2
2
1
2
1
1
2
2
1
2
1
1
1 22
1.37
1 33
1.31
1 24
1.37
1 33
1.31
1.25
1.37
1 33
1.31
1.27
1.36
1 31
1.32
.35
.62
1.35
1.62
1.35
1.61
1.36
1.59
1.12
1.55
1.70
1.80
1.13
1.52
1 73
1.85
1.14
1.52
1 71
1.82
1.14
1.48
1 71
1.82
2.19
2.51
2.09
1.86
1.99
2.20
2.51
2.09
1.86
1.99
2.24
2 57
2. 12
1 88
2.05
2.22
2 56
2 13
1 85
2 01
2.17
2.27
1.93
2.23
1.37
1.32
2.23
2.33
1.95
2 25
1.36
1.31
2.24
2 34
1 94
2 24
1 37
1.32
2
2
1
2
1
1
2
2
1
2
1
1
1.99
2.49
2.50
2.08
2.46
2 47
2. 10
2 44
2 49
2 14
2 47
2 49
2 09
2 48
2 48
2 10
2 48
2 49
2 10
2 47
2 47
2 11
2 48
2 48
2 05
2 59
2 47
2 04
2 4^
2 46
2.17
1.68
2.39
2.19
2.44
2.24
1.71
2.41
2.22
2.47
2.25
1.73
2.44
2.26
2.49
2.27
1.76
2 46
2 28
2 52
2.24
1.75
2 49
2 31
? 54
2.28
1.73
2 50
2 31
2 55
2.25
1.73
2 51
2 30
2 57
2.28
1.73
2 54
2 33
2 58
2.26
1.72
2 53
2 29
2 59
1.70
1.67
1.80
1.93
1.72
1.65
1.78
1.95
1 72
1.66
1 78
1.96
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
29
40
92
21
38
32
74
73
84
98
25
35
92
20
38
32
75
71
78
98
9
1
2
1
1
37
92
21
38
32
75
75
78
99
26
36
93
21
38
32
74
71
78
98
26
36
94
21
38
32
77
72
78
98
25
35
94
22
38
33
7^
73
78
97
25
35
93
21
39
34
r
26
36
94
22
38
33
r 1 96
v I. 31
t>2 17
P 1 91
P 2 05
1 33
r>2
P2
p I
P 1
r
2 04
2 46
T 2 48
2 05
2 47
2 48
p 2 05'
p 2 51
P 9 49,
2.25
1.73
2 52
2 27
2 59
2.25
1.73
2 51
2 28
T 2 ,58
2. 29
1.75
2 53
2 32
2 59
P 2. 26
P 1. 75
v 2 51
P 2 30
p 2 58
1
1
1
1
r i
1
1
1
1 80
1 75
1 80
1 99
P 1
P 1
P 1
p2
79
72
79
97
2 95
r I
go
73
80
97
39
00
31
39
33
81
74
8",
00!
1.76
1.78
1 78
1 80
1 79
1 79
1 80
1 81
1 80
1 81
1 82
1 83
P i &;<
1.40
1.12
1.50
1.67
1.41
1.11
1.51
1.67
1.41
1. 11
1 51
1.67
1 42
1 12
1 54
1.65
1 42
1 12
1 55
1.67
1 42
1 12
1 56
1.67
1 39
1 10
1 55
1.63
1 43
1 15
1 56
1.62
1 43
1 14
1 56
1.64
1 43
1 14
1 56
1 . 65
1 43
1 12
1 56
1.68
1 45
1 16
1 57
1.71
P 1 4G1
P I 17
p i r)S
P 1.7V
.91
.98
1.14
.91
.98
1. 14
91
.98
1 14
93
99
1 16
94
99
] 17
94
1 00
1 17
95
1 00
1 17
95
1 00
1 18
95
1 00
1 18
95
1 00
1 18
r 9^
r I 01
1 20
96
1 00
1 18
P 95
P 1 01
P i 20
1.852
2.979
1.877
3.021
1.921
3.062
1.921
3 073
1.927
3 085
1.933
3 086
1.933
3 086
1.944
3 095
1.944
3 095
1.944
3 100
1.947
3 100
1. 964
3 112
1. 979
3 133
1.867
.89
1.861
1.52
1.877
1 883
77
1 895
1 57
1 928
1 908
90
1 943
1 61
1 961
1 902
84
1 913
1 46
1 939
534
582
574
552
586
620
545
701
580
720
623
672
616
618
589*
056
360
619
356
647
2,271
1 228
1,212
16
350
693
335
734
312
772
2, 368
1, 257
1, 242"
15
304
808
154, 289
62, 306
30, 806
141, 933
56, 115
29, 341
171, 260
67, 913
36, 666
* 154, 565
60, 479
33, 152
' 149, 616
59, 535
31, 159
163, 407
64, 965
33, 785
50, 692
25, 688
350
24, 509
21, 270
50, 692
20, 934
19, 412
591
25, 757
45.6
50, 704
25, 316
147
24, 632
21, 278
50, 704
20, 773
19, 194
505
25, 487
46.0
50, 089
25, 382
172
24, 632
21, 283
50, 089
20,898
19, 528
684
25, 472
45.9
50, 494
25, 781
245
24, 812
21, 293
50,494
21, 143
19, 563
672
25, 544
45.6
.50, 759
25, 642
37
25, 037
21,239
50, 759
20, 808
19,011
599
25, 588
45.8
r
a
87'
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil of dol
Commercial paper
_
_
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil. of dol_Farm mortgage loans, total
__do
Federal land banks
..do
Land Bank Commissioner
_do
Loans to cooperatives
do.
Short-term credit _ .
do
Bank debits, total (345 centers)!
New York City.
6 other centers cf
do
do.
do
428
408
2,330
1,156
1,136
20
320
435
429
478
451
515
475
372
714
378
651
2,189
1 197
1,180
17
373
620
149, 606
54, 152
31, 778
140, 992
50, 470
30, 477
168, 596
65, 367
35, 557
855
319
866
312
854
2,310
1 177
1,157
19
331
802
153, 846
56, 623
33, 807
147, 957
51, 799
32, 683
134, 386
45, 516
29, 958
147, 699
54, 888
31, 422
Federal Reserve banks, condition, end of month:
Assets, total
mil. of doL.
50,243
50, 466
49, 994
51, 130
Reserve bank credit outstanding, total. .do
25, 414
26,176
25,958
26, 252
Discounts and advances
do
64
644
343
329
24, 746
24, 964
United States Government securities, .do
24, 989
25, 235
Gold certificate reserves...
do
21, 286
21, 085
20, 993
20, 933
Liabilities, total
_
do
50,243 j
50,466
49, 994
51, 130
Deposits, total
.__
do.
20, 396
21, 068
20, 623
20, 815
Member-bank reserve balances ._
do
19, 561
19, 607
19, 278
19, 309
Excess reserves (estimated)
do
102
590
476
493
Federal Reserve notes in circulation
do.
25, 831
25, 872
25, 983
26, 033
Reserve ratio
_
percent..
44.9 '
46.0
45.0
44.7
T
Revised.
*> Preliminary.
• Rate as of Ju y 1, 1954.
9 See corresponding note on p. S-ll.
{ Revised series. See note marked '•{" at bottom of p. S-l 3.
§ Rates as of July 1, 1954: Common labor, $1.997 ; skilled IEibor, $3.147
[Revised series. Bank debits have been revised to include additional centers anc I to represe nt
concludes Boston, Philadelphia, Chicago. Detro it, San Frs ncisco. anc1 Los Aneeles.
517
535
50, 969
26, 550
413
25, 348
20, 897
50, 969
21, 030
19,460
634
26, 134
44.3
51, 150
26, 133
369
25, 095
21, 348
51, 150
20, 669
19, 434
347
26, 455
45.3 '
52,315
26, 880
28
25, 916
21, 354
52,315
21, 422
20, 160
763
26, 558
44.5
debits t D demand (leposits.
50, 509
25, 437
156
24, 639
21, 274
50, 509
20, 688
19, 384
368
25, 885
45.7 :
3ata back to January 1943 will I)eshownKitet
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 1954
1953
June
July
August
September
1954
October
November
December
January
February
March
April
May
June
FINANCE—Continued
BANKING—Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:f
Deposits:
Demand, adjusted
mil. of dol._
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol .
States and political subdivisions
do
United States Government
do_
Time except interbank, total
do
Individuals, partnerships, and corporations
mil. of dol_States and political subdivisions
do_
Interbank (demand and time)
do
Investments total
do
IT. S. Government obligations, direct and
guaranteed, total-.
mil. of dol .
Bills
---do
Certificates
do
Bonds and guaranteed obligations
do
Notes
do
Other securities
_ _ do
Loans (net) total
do
Commercial, industrial, and agricultural ..do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol
Real-estate loans
do_. Loans of banks
do
Other loans
- do
Money and interest rates:^
Bank rates on business loans:
52, 820
53, 395
53, 059
52,814
54, 692
54. 376
5;>,217
55, 588
53, 913
51, 812
54, 108
53,930
54, 263
3,975
2,469
18, 068
54, 082
3,736
5,292
18, 085
53, 699
3,834
4,639
18, 093
54, 639
3,711
4,434
18, 253
55, 965
3,612
2,346
18,426
55, 727
3,685
3, 410
18,383
57,817
3. 963
2 594
18,718
55, 831
4,093
2,275
18, 779
54, 791
3,908
2,424
18, 917
52, 824
4,232
3,838
19, 050
54, 488
4 308
2,671
19, 124
54, 597
4,418
2. 982
19, 359
54.715
4, 329
4,085
19,637
17,052
826
12, 359
36, 896
17,074
822
11, 568
40, 225
17. 083
823
12,056
39, 318
17,259
804
12, 452
39, 196
17, 374
865
12, 773
39, 244
17,311
882
13.062
40, 254
17, 596
932
13, 860
40, 282
17,619
970
12,948
40, 697
17, 734
994
12, 983
40, 133
17,771
1,087
13,017
38, 738
17,854
1,078
12, 794
40, 177
18,041
1,129
13.040
41 , 300
18,304
1,146
13,870
41.945
29, 501
2,514
2,090
19, 356
5,541
7,395
39, 649
22, 585
1,719
32, 705
2,855
4,985
19, 425
5, 440
7,520
39, 381
22, 643
1, 830
31,797
2,289
4, 705
19,436
5, 367
7, 521
40, 067
22, 965
1,850
31, 663
2,317
5,522
17, 250
6,574
7,533
39, 705
23, 103
1,763
31,795
2,388
5, 502
17,251
6, 654
7,449
40, 294
23, 301
1,663
32, 792
2,394
5, 399
18,541
6, 458
7.462
40, 268
23, 134
1,877
32, 800
2, 56°
5, 303
18,517
6,411
7,482
41,020
23. 380
2,248
32, 989
2,517
4,764
18,952
6,756
7,708
39, 963
22, 638
2,180
32, 292
2,084
4.097
21, 313
4,798
7,841
39, 401
22, 407
1,907
30, 850
2,076
2,737
21, 388
4,649
7,888
39,317
22, 763
1,758
32, 160
2,987
3, H45
21, 598
4,530
8, 017
38, 941
22, 183
1, 744
33,1%
2, 428
2, 684
21 , 502
6, 582
8, 104
39.219 !
21,599 !
2,141 !
33,724
2,619
2,777
21,654
6. 674
8,221
39.136
21,884
2. 379
755
6,302
948
7,960
763
6, 326
446
7,992
732
6, 365
762
8,016
726
6, 397
402
7, 935
724
6,438
806
7,983
748
6. 449
703
7,978
X68
6. 481
646
8.019
826
6, 486
541
7,924
811
6. 478
679
7, 754
847
6, 522
241
7,825
849
6, 553
500
7, 753
915
6, 592
895
7,721
899
0, 671
186
7,772
2.00
2.97
4.17
2.00
2.97
4.17
3 76
3. 51
3 79
4.10
2.00
2.97
4.17
2.00
2.97
4.17
1.75
2.56
4.17
3 72
3 50
3 74
4 03
1.75
2.50
4.17
1.50
2.50
4.17
1. 50
2.08 i
4.17
3.60
3.34
3.61
3.98
1.50
2.08
4.17
a. 73
3.52
3.71
4.05
2.00
2.74
4.17
2.00
2.79
4.17
2.00
2.86
4.17
3.74
3.52
3.71
4.10
2.00
2.93
4.17
1.88
2.75
3.25
3. 13
1.88
2.75
3.25
3. 13
1.88
2.75
3.25
3.13
1.88
2.74
3.25
3.13
1.88
2. 55
3.25
3. 13
1.88
2.32
3 25
3. 13
1.88
*> 25
3. 25
3. 1 3
1.88
2.13
3. 25
3.13
1.69
2.00
3.25
3.13
1.48
2.00
3.13
2.98
1.25
1.77
3.00
2.88
1. 25
1. 59
3.00
2.88
1. 25
1.56
3.00
2.88
2.231
2.92
2.101
2.72
2.088
2.77
1.876
2.69
1 . 402
2. 36
1.427
2.36
1.630
2.22
1.214
2.04
.984
1.84
1.053
1.80
1.011
1.71
.782
1.78
. 650
1.79
13, 841
2,458
13, 881
2,438
13, 920
2,419
14,014
2,402
14,056
2,388
14.141
2,374
14,341
2,360
14, 442
2. 343
14, 500
2, 326
14, 651
' 2, 310
14, 694
v 2, 291
14, 768
"2,271
14,914
* 2, 252
27,411
20,635
9,692
5, 333
1,493
4,117
27, 581
21, 004
9,973
5, 351
1,516
4,164
27, 810
21,218
10, 136
5, 362
1, 534
4, 186
27, 979
21,347
10, 232
5,352
1,562
4,201
28, 166
21,486
10, 337
5, 366
1,585
4,198
28, 252
21,586
10.358
5, 406
1,604
4,218
28, 896
21,807
10,289
5, 605
1,606
4,307
28,125
21,444
10, 084
5, 495
1,587
4,278
27, 478
21, 151
9,915
5,377
1,570
4,289
27,151
20,900
9,800
5,220
1,554
4,326
27, 330
20,909
9,798
5, 188
1,554
4,369
27, 520
20, 932
9,838
5, 142
1,565
4, 387
27, 779
21.110
9. 980
5,122
1,563
4. 445
17,621
8, 675
5, 633
962
2, 351
3,014
937
812
373
892
18, 000
8,818
5,816
988
2,378
3, 004
923
812
386
883
18,205
8,879
5,924
1,009
2, 393
3, 013
931
813
396
873
18, 328
8, 893
6, 005
1,029
2,401
3, 019
943
811
399
866
18,439
8,908
6, 093
1,041
2,397
3, 047
957
812
406
872
18,495
8, 881
6, 147
1.050
2.417
3,091
983
826
408
874
18, 534
8, 856
6,147
1,064
2,467
3,273
1 . 068
866
407
932
18, 276
8.723
6,062
1,043
2,448
3,168
1,031
836
400
901
17, 999
8,534
5. 974
1,055
2,436
3, 152
1.094
814
393
851
1 7, 845
8,452
5,892
1,074
2,427
3, 055
1,056
795
388
816
17,859
8,417
5,901
1 096
2,445
3,050
1. 058
789
388
815
17, 896
8, 386
5,944
1,115
2,451
3,036
1,051
787
390
808
18,069
8. 401
6. 060
1,145
2,463
3.041
1.049
785
397
810
6,327
6, 577
6, 776
7, 089
6, 632
6, 680
6, 592
6, 681
6. 606
6,251
Noninstalment credit, totalj
do_
2,054
2,079
2,197
2,131
2,131
2, 130
2,083
2, 100
2,127
Single-payment loans
_
do
2,073
2,781
2,550
2,811
2,705
2,893
3,
249
2,716
2.
840
2,
668
Charge accounts.
do
2,438
1,723
1.798
1,705
1,793
1,786
1,713
1. 793
1,738
1. 726
Service credit.
do
1,740
By type of holder:
2,054
2, 079
2,197
2, 130
2,083
2, 131
2, 131
2,127
2, 100
2,073
Financial institutions
do
2,550
2,781
2,705
2,811
3, 249
2,716
2,893
2,668
2. 840
2,438
Retail outlets
.
do_
1,723
1.798
1,713
1.793
1,786
1,705
1.726
1,738
1, 793
Service credit
do
1,740
Instalment credit extended and repaid: 9
Unadjusted:
1.864
2,602
2,389
2, 486
2, 297
2.598
2,670
1,869
2,436
Extended, total
do
2,285
776
1,226
1,089
1,121
974
947
1,219
750
1,126
Automobile paper do.
985
470
622
625
824
687
646
619
517
668
Other consumer-goods paper
do
540
618
754
764
602
677
827
691
675
697
All other
_ ._
do
760
2, 157
2, 377
2,232
2,347
2.197
2,248
2,233
2,222
2,260
Repaid, total
do
2,536
945
1,016
955
1,016
953
959
945
993
963
Automobile paper
_ _ _ do
1, 100
588
604
654
606
625
626
635
627
608
Other consumer-goods paper _ __
do.
697
624
684
736
651
632
650
677
638
663
All other
- do
739
Adjusted:
2,441
2, 331
2,211
2, 243
2,409
2,393
2,458
2,498
2,358
Extended, total
do
2,200
919
1,102
1,035
872
1,080
1,044
1,090
1,117
1,117
924
Automobile paper
do
586
661
589
631
593
672
662
621
600
Other consumer-goods paper..
do_
566
738
730
703
696
719
707
678
687
693
All other
do
710
2,294
2, 283
2, 301
2,249
2, 195
2. 252
2,320
2,183
2,273
Repaid, total __. _
_
do
2,412
1,015
1,028
962
921
977
963
1.006
939
967
1,042
Automobile paper
do
633
604
612
619
622
609
633
636
643
Other consumer-goods paper
_
__do
667
669
634
664
663
657
688
653
653
680
All other
. ._
_. .
do
703
'Revised.
*>Preliminary.
tRevised beginning 1952 to expand the coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
cfFor bond yields see p. S-19.
JData beginning 1952 have been revised in accordance with recent benchmark materials; revisions for 1952 appear on p. 24 of the June 1954 SURVEY.
9 For a description of these new duta and for figures prior to February 1953, see the January and March 1954 issues of the FEDERAL RESERVE BULLETIN.
6,421
2,105
2,566
1,750
6,588
2.181
2, 639
1,768
(i. 669
2,21f>
2, 679
1,775
2, 105
2,566
1,750
2,181
2, 639
1,768
2,215
2, 679
1. 775
2,315
998
594
723
2,306
1,000
626
680
2, 299
1,005
580
714
2, 276
965
626
685
2,591
1.202
612
2,272
926
621
725
2,308
1,009
610
689
2, 224
943
577
704
2, 333
988
635
710
2, 386
1,075
602
709
2,354
1.038
62S
OSS
New York Citv
f otner noriner ana eas e
do
Discount rate (N. Y. F. R. Bank)
.do
Federal intermediate credit bank loans
do.
Fednral land bank loans
_ _
do
Open market rates, New York City:
Acceptances prime bankers', 90 days
do_
Commercial paoer, nrime, 4-6 months
do
Call loans, renewal (N. Y. S. E.)
do
Time loans, 00 days (N Y. S. E.) .._ do
Yield on IT. S. Govt. securities:
3-month bills
do
3-5 year taxable issues
-- - do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of doL.
XI. S postal savings
do
CONSUMER
CRFDTT ( Short- and
mediate-Term)
Total outstanding, end of month!
Instalment credit, total t
Automobile paper
Other consumer-goods paper
Repair and modernization loans
Personal loans
By type of holder:
Financial institutions, total
Commercial banks
_
Sales-finance companies
Credit unions
Other
Retail outlets, total
Department stores
Furniture stores
Automobile dealers _ Other
-
Inter-
mil. of dol__
^°
do
do_
_ do_
do
do
do
do
do
do
do_
do.
do
do
do
2,413
1,060
632
SURVEY OF CURRENT BUSINESS
August Ht.~i4
S-17
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
June
July
August
September
1954
October
November
December
January 1
1
Febru
ar
y'
March
April
May
June
FINANCE — Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures: §
Receipts, total.
Receipts net 9
Customs
Income and employment taxe*!
Miscellaneous internal revenue
Ml other receipts
.mil. ofdol _
do
do_ .
do
do
do__
Expenditures, total 9
Interest 3on public debt
Veteran \dministration
Xational defense and related activities
All other expenditures
do
do
do__
do
do_
10, 323
9,744
51
9, 179
939
155
3, 619
3, 293
5,153
4, 475
0, 402
5, 988
52
47
50
2,395
4,011
5,218
937
235
955
140
981
152
7,988
1,882
349
4,056
1, 701
0. 052
237
5. 948
206
6. 066
560
369
351
327
340
3,890
3, 519
1.873
3,787
1 , 556
1,392
3, 647
1.121
272, 669
270, 603
230, 009
40, 594
2, 066
273, 206
271, 145
230, 157
40, 988
2. 061
272, 937
270, 744
229, 785
40 958
2,193
273, 386
271, 291
230, 403
40, 888
2, 095
Public debt and guaranteed obligations:
266, 071
Gross debt (direct), end of month, total
do
263, 946
Interest bearing total
do. 223, 408
Public issues
do
40, 538
Special issues
do
2, 125
Noninterest bearing
do.
Obligations guaranteed by U. S. Government,
52
end of month
.
..mil. of dol__
U. 8. Savings bonds:
57.
977
Amount outstanding, end of month. .
do
370
Sales, series K through K
do
542
Redemption*
- do
Government corporations and credit agencies:
30,
1 53
\ssets except interagencv total
mil. o f d o l
17,637
Loans receivable, total (less reserves 1 ). . do
4,997
To aid agriculture
do
2,914
To sid home owners
do
7,798
Foreign loans
do
All other
dc
2, 201
Commodities supplies, and materials
do_ .
2. 588
U. S. Government securities
do
3,430
Other securities and investments
do
7, 867
Land structures and equipment
do
\llotherassets
do . . 2. 430
Liabilities, except interagency, total
Bonds notes and debentures
Other liabilities
Privately owned interest..
IT. S. Government interest
51
5,144
4,605
47
1, 698
1,019
3,947
125
968
182
5, 462
354
5, 333
164
349
5, 403
5 132
4,619
4 458
48
39
4 133
3 538
919
304
749
293
6, 336
1 2°4
5, 058
245
11,241
10 539
13,013
11 434
3, 956
2 751
5, 037
3 592
41
44
52
44
49
5 408
11 865
10 135
i 6, 468
5 444
9
865
3 946
860
159
954
149
860
179
877
170
852
204
i 4, 707
379
5, 555
588
5, 290
350
5, 203
24°
7,115
1 752
376
343
340
383
352
376
3, 540
1.280
345
3. 465
1 901
3,001
1 468
3, 56S
422
2 3, 830
797
*' 3, 691
872
• 3, 374
1 22H
v 4, 059
928
275, 209
273, 128
232, 115
41 013
2 081
275, 168
272 881
031 f-,84
41 197
9 287
274, 849
272 632
231 693
41 009
2 216
270, 235
267 823
226 821
41 002
9
412
271.047
268 855
227 806
41 G'19
2 19?
273. 475
271 280
2°9 9 1< *
41 3p,7
2 195
271,260
274,
272
231
41
2
782
536
466
070
9
U>
268,
226
42
2
910
681
229
350
63
63
64
66
74
76
75
77
77
80
80
81
57, 962
402
541
57, 940
371
480
57, 882
368
514
57, 860
384
489
57, 889
368
438
57, 934
423
514
57, 918
561
704
57, 960
515
560
58, 050
602
598
58, 106
511
538
58, 1 59
464
51 0
58, 1S9
523
02S
3. 162
1, 182
1.979
. -. do „_
do
do
clo__..
--do
2, 894
2, 645
415
37, 141
18,502
5, 512
2,986
8,010
2,246
2, 259
2, 586
3, 429
7,911
2, 454
38 937
19, 883
6 810
2 930
8, 043
2. 303
2 514
2, 602
3 425
8 062
9 451
39 313
19,877
7 370
9 $58
7,987
1,838
2 696
2, 969
3 425
8 035
3, 381
1,306
2 075
5 075
1 257
3 818
5 944
1 095
4 920
424
33, 335
9 3]9
434
470
33, 429
32, 899
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total
mil. of do!
Securities and mortgages
do
49 companies (Life Insurance Association of America), total
mil. ofdoLBonds and stocks, book value, total
do
Govt. (domestic and foreign), total
do
U S Government
_
do_ ..
Public utility
do
Railroad
do.._
Other
do
Ca«h
. _
do
Mortgage loans, total
do Farm
do
Other
. _
do
Policy loans and premium notes
do
Real-estate holdings _
_
do_
Other admitted assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total t
mil. ofdol _
Group and wholesale t
do__
IndustrialJ __ ... _
do
Ordinary, total cT
do. .
New England
do
Middle Atlantic
do
East North Central
.
do__West North Central
do
South Atlantic
.
do
East South Central
do
West South Central
do
Mountain
do
Pacific
_
do
Institute of Life Insurance:
Pay merits to policyholders and beneficiaries, estimated total
thous. of doL_
Heath benefits
do
Matured endowments
do
Disabilitv pavments do_
Annuity payments
do
Surrender values
_..
do
Policy dividends
do
Life Insurance Association of America:!
Premium income (39 cos.), total
do
Accident and health
do
Annuities
do_.
Group
. __
do
Industrial
do
Ordinary
do
T
75, 403
67, 698
75, 855
68, 105
76, 244
68, 337
76,612
68, 709
77, 121
69, 124
77, 552
69 478
78 201
69 992
78, 866
70 544
79. 251
70, 884
79 64!)
71 238
80 114
71 645
80 547
71 997
80 981
72 361
66. 267
Ml, 281
'10,603
8, 676
'1 1,830
3,412
' 15. 437
66, 621
41,451
10, 564
8, 634
11,897
3,418
15,572
66, 944
41, 531
10, 565
8,634
11,952
3,423
15, 591
67, 294
41,739
10, 527
8, 585
12,043
?, 429
1 5, 740
67, 685
41, 976
10,517
8, 566
12, 132
3,451
15. 875
68, 046
42, 120
10, 476
8,480
12,213
3,461
15, 971
68, 587
42, 317
10,435
8 427
12 295
3 484
16 102
68, 989
42, 607
10, 509
8,407
12 325
3, 505
16 267
69, 337
42, 801
10, 541
8,414
12, 447
3, 507
16. 307
69, 652
42, 942
10, 461
8, 306
12,548
3, 499
16, 433
70 094
43, 087
10,464
8 287
12 691
3 590
16 489
70 304
43, 233
10, 475
8 194
12 655
3* 525
16 578
70,716
43, 302
10,316
8 Oil
12 760
3' 574
16 705
r
707
726
789
776
776
709
18,716
18,818
1, 599
' 16, 846
2,365
1, 702
1,767
1,615
17,004
2,374
1,707
1,743
1,628
17, 087
2,387
1,726
1,795
1,638
17, 180
2,402
1,732
1,827
18, 950
1, 648
17,302
2,413
1,745
1,824
19, 098
1,654
17, 444
2 425
1,752
1, 875
889
790
18,619
911
793
'18,445
19 321
1 666
17 655
2 436
1 740
1,862
19 410
1 674
17 736
2 447
1 769
1,868
19, 525
1, 685
17,840
2 460
1, 778
1.980
19, 689
1,697
17, 992
2,480
1,792
1,959
19 8*<5
1 714
IS 171
2 494
1 801
1,959
81 8
20 02S
1 728
1 8 300
2 507
1 812
1 , 966
2() ]q1 744
18 453
2 523
1 838
1,989
3, 223
2,919
2,851
2, 870
3. 424
453
492
602
3 138
2,100
1,911
2, 330
9 144
431
555
1 712
1 810
602
007
126
460
436
172
233
83
176
68
232
1,776
467
572
138
484
449
172
247
85
195
72
242
1,837
444
418
551
3 280
485
428
1,958
387
572
3 183
528
3 735
1 050
2, 779
479
535
3,038
9 584
453
508
2, 757
570
553
2 077
2 152
137
515
141
480
440
173
252
84
184
383, 861
169, 925
39, 094
8,733
34, 018
60, 133
71,958
633, 799
76, 143
116
395
398
155
222
78
170
68
221
110
371
383
153
219
84
164
69
209
361, 977
162, 438
36, 873
9, 265
33, 908
57, 780
61, 713
345, 385
157, 326
383, 180
167, 530
37, 155
359, 570
155 700
40, 792
8,683
33 477
54, 548
81 787
8,678
33, 732
60, 1 53
60 515
819, 800
581, 965
73 494
640, 679
83 104
72, 779
55, 502
602, 574
79 316
83 589
52, 442
69 001
61,039
81,653
91,674
56, 38(1
83, 828
356.403
60, 744
69, 080
316.649
2
35,611
7,982
33, 904
55, 733
54, 829
70,363
53, 064
69, 463
315. 581
81,955
347.339
128
431
424
160
237
85
170
72
234
318.226
523
559
1 956
128
450
426
156
233
83
177
67
222
352. 150
152 387
39* 862
8 717
35 971
58 376
56 837
627, 683
84 481
80 719
56 284
77 031
329. 16S
9 200
144
490
467
189
263
88
197
86
°60
481,224
191
49
9
37
64
128
711
345
495
426
579
668
942, 298
96 825
204 911
71 221
118 852
450. 489
122
418
375
143
180
72
153
CQ
191
437, 531
1 0 949
669,
88
101
77
90
865
698
219
237
155
312.556
807
124
439
402
151
195
75
168
60
197
155
538
505
201
261
96
216
84
274
374, 908
163 906
40 856
8* 573
35 06°
62* 895
63 686
461,416
916
479
241
682
293
805
408, 692
171 065
45 376
9 573
36 458
72 312
73 °08
377,515
1 58 955
41 416
8 804
34 379
67 400
66 561
427,
183
45
8
37
71
639, 410
8° 273
86 309
57? 444
70 623
349,' 761
722.082
619,537
627, 606
86 381
79 300
4()' 621 i
697, 825
196
49
10
38
79
86
87
89
66
85
3Q2
704
843
055
132
^48
4 "2
177
9
50
90
9Q1
947
')0 569
80* 333
56 866
67 571
294 905
*
9
137
495
152
184
268
87
200
"2
51
"4 fid.') \
.'•«7 r>r>9
9
64
419
689
644
861
859
445
j(j Q9j
OQ i r?r
82 751
03 721
r
-t«n 14=1
Revised.
v Preliminary.
* See note marked "§."
Data beginning February 1954, representing expenditures for National security are not strictly comparable with earlier figures.
§ E f f e c t i v e w i t h February 1954, data are reported on a budgetary basis; they are not entirely comparable with earlier data which are as originally shown in the daily Treasury Statement.
9 B e g i n n i n g July 1953, appropriations of receipts to the Railroad Retirement Account are deducted from budget receipts and therefore are excluded from budget expenditures.
t Revised data, for January-July 1952 for new paid-for insurance written are shown on p. S-17 of the October 1953 SURVEY; revisions for 1951-52 for premium income will be shown later
cf I >nta for 1953 for total ordinary insurance written include revisions not distributed by regions.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1954
1953
June
July
August
September
October
November
December
January
February
22, 030
21,956
-43,300
7,074
March
April
- -9,900
21,965
-2,000
21,969
21.973
1,555
303
1,930
389
9. 397
37. 500
1,088
3,517
- 48. 400
774
2, 004
40, 800
39. 300
42. 400
1 2. 900
5. 400
12, 500
4. 900
.5, IKK)
6. l(K)
182
K. 326
. 8,53
190
4. 843
.853
134
,5. 124
. K.53
167
,5 956
8,53
May
June
FINANCE—Continued
MONETARY STATISTICS
Gold and silver:
Gold:
22, 463
22, 277
Monetary stock, U. S
mil. ofdol..
Net release from earmark!
thous. of doL. -68, 500 -171,700
3,
654
2,747
Exports
do
1,690
2,255
Imports
do__ 64,
700
67,000
Production reported inontlilv total
do
38, 800
40, 600
\frica
*
do
12,700
12.900
Canada
_do_- f>. 000
6.800
United States
do
Silver:
3, 578
307
Exports
do
11, 296
6,548
Imports
-- do
.853
.853
Price at New York
dol. per fine oz-_
Production:
2,539
2,354
Canada
thous. of fine o z _ _
2.605
3 063
Mexico
do
1, 909
2. 525
United States
do
Money supply:
.
30, 125
30 120
Currency in circulation
mil. of dol _
200, 360
205, 100
Deposits and currency, total
do
2, 467
2, 500
Foreign banks deposits, net
do__ 5, 333
9,600
U S Government balances
do
192. 560
193 000
Deposits (adjusted) and currency, total do_.
96. 898
Demand deposits adjusted
do
97 400
68, 293
68, 400
Time deposits
do.
27, 369
Currency outside banks
.. _ do. _ 27, 200
Turnover of demand deposits except interbank and
U. S. Government, annual rate:t
38.9
36. 0
New York City .. __ratio of debits to deposits..
26.5
25 7
6 other centers 9
cto
19.2
1 9. 2
338 other reporting centers
-do - -
22, 178
-78, 800
1,881
1 , 754
66,000
40, 400
11,500
6,200
22, 128
-55,000
10, 100
10, 039
65. 700
39, 800
11,700
6,200
22, 077
-72. 500
3,752
4,306
64, 900
40, 500
10, 000
6. 800
22, 028
-35, 100
2, 668
2,114
64, 300
39. 900
9, 500
6,200
3, 526
2. 081
64, 400
40, 300
9. 600
6, 100
324
6, 243
.853
11,873
253
6, 497
.853
853
198
5. 091
. 853
2,029
2,752
2, 652
2,067
6,045
30 248
204, 800
2 400
9,000
193 400
97 500
68 700
27, 300
32. 2
23.6
17 8
403
—21.200
10,300
10,900
5,100
4, 900
°82
3. 870
.853
314
4,412
. 853
128
2 553
4 065
3* 372
2,098
2 207
2,514
3, 558
5,077
2.511
2 361
6 678
3 751
275
900
500
100
300
700
100
500
30, 398
205, 500
2 600
5, 700
197 300
100 300
69 600
27, 400
30, 807
207. 100
2 700
7, 000
197 400
100 200
69 300
27 900
30 781
209 175
9
694
5 564
9
0() 917
102 451
70 375
•>S 091
9 981
" 9 07 100
40. 2
25.9
19.3
35. 8
23 9
18. 4
38. 4
26.4
20. 2
43. 1
26 8
19 7
42. 7
24. 1
18 6
2.301
30
204,
2
8.
194
97
69
27,
21 , 9,58
9
;-• 2
800
P4
>' 199
i> 102
r 70
•"26
400
800
300
600
900
.5.61S
853
T
2 050
4 203
3 163
29
P 206
P 2
j> ,5
P 197
P 99
P 71
v 90
r
2, 314
2 299
T
21,927
-16.900
541
3, S31
2, 706
2.328
3, 643
3. 229
3 600
29 707
904
200 P 205 100
r 3 000
900
SOO
i- 6 900
400 P 195 200
p % 700
goo
P 71 700
000
f 26 900
90(i
29 735
'' 206, 200
P 3 100
P 5, 800
"197 300
f 98 600
v 72 000
v 26, 700
29 870
r 207, 600
p 3 100
p 6. 400
v 198 000
p 98 700
P 72 500
p 26 SOO
29 999
i> 2()u 500
44.6
29 2
19 7
41.3
27. 6
18.8
41.9
' 25. 5
18. 7
44 9
°1 0
19 7
42 7
5 5
19 2
9
p 3 9( || )
;> 7
5( |[ )
I, 11)S "?()()
;i 73
31 |) )
P 27 100
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):*
Net profit after taxes, all industries mil. of d o l _ _
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil. of doL.
Paper and allied products
__
do
Chemicals and allied products
do
Petroleum refining
_
do . .
Stone, clay, and gl ass products
do
Primary nonferrous metal
_ _ _ do
Primary iron and steel
_ ...do ...
Fabricated metal products (except ordnance,
machinery, and transportation equipment)
mil of dol
Machinery (except electrical).. ...
do.
Flectrical machinery
_
do
Transportation equipment (except motor vehicles, etc )
mil. of dol
Motor vehicles and parts
do
All other manufacturing- industries
do
Dividends paid (cash), nil industries
do
Electric utilities, net profit after taxes (Fed. Res.)i
mil of dol
Railways and telephone cos. (see p. S-23).
3,031
219
83
2 871
9
75
77
2 591
190
33
61
113
284
520
127
124
243
47
116
252
545
121
104
236
24
105
238
624
80
109
205
140
278
165
142
210
159
103
184
163
85
972
316
1. 287
68
9
36
982
1 244
SO
233
218
1,796
'" 249
' 235
r
268
9 595
174
32
14
1 14
*2
543
68
99
167
9
x4
299
173
90
9Q1
9
36
1 302
r
394
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, t o t a l (new
1
1,626
i i 442
capital and refunding)
mil. of dol
2 324
1 °10
1 111
<S30
1 117
644
S98
1 537
1 304
9
i 977
i i 344
1 491
1 142
New capital, total
do
219
758
1 033
783
497
1 1 67
1 346
Domestic, total
do
1, 465
1, 141
2 161
495
1 266
974
762
745
835
1 329
l' 087
930
1 057
584
I 388
Corporate
do
421
358
315
441
705
485
490
0
(]
16
30
Federal agencies
do
o
o
99
76
32
114
39
597
393
Municipal, State, etc
do
773
255
462
477
393
404
398
557
730
1
s
17
1
,58
Foreign
..
.
do ..
25
44
59
22
3
13
81
69
Kofundine, total
do
135
106
78
98
1 16
115
140
1 36
191
135
140
Domestic, total
. _.
do__ .
98
69
106
146
78
72
115
136
191
71
37
I.
Corporate
.
.
do
20
24
112
15
56
79
140
Federal agencies
do
94
1 15
67
55
62
88
58
76
9
S
3
19
Municipal, State, etc.
do
4
3
Securities and Exchange Commission:^
9
3, 066
r
i
947
r 4 3X6
9 3x,s,
Kst i mated gross proceeds, total
do
1.92S
1, 453
2 59<J
736
1 655
3 506
2. 291
1 3N6
1 "U'i
By type of security:
9 5()7
9 049
9 877
r 1 ~"9tt
Bonds 'iild notes totol
do
9 064
3 400
9 1 XU
1 815
1 381
I 545
] 3S.5
263
977
Corporate
do
676
r 40^
^K
4079
375
366
46°
353
" 6 1- 7
513
r 73
8
156
r HI
48
1 ]s
Common stock
do.
65
69
90
63
51
210
144
9
33
Preferred stock. _
do
31
44
18
37
43
0
69
i
"130
131
By type of issuer:
r
1, 166
336
52(1
768
Corporate, total
do
603
1 478
456
459
571
' \50
1 05"
62^ i
9
1 KI
87
1 35
Manufacturing
do
48
136
134
* °(S
493
101
53
311
9]
41
'-."*
\\ in ing
do
3'">
19
34
' '
()
r
9 79
9()9
9~9
246
339
214
98
36'?
Public utility
do
49
30"
31 4
" 50"
9
7
Railroad
do
48
60
10
10
3d
1
16
31
3N
6
•
41
r
9j]
21
90
Communication
do.
31
611
n
31
246
43
.IS
416
124
Real estate and financial do. .
si
r 59
45 !
1°
59
16(1
90
r
1 , 900
1,408
1,831
1. 117
Noncorporate, total
...do
1.689
3, 047 ;
1,258
1 . 083
1.186
1,319
930
•' 3, 537
1 . 331
1,454
884
1.320
853
I) . S. Government
do
2.610
1 , 070
423
561
,51.5
511
002
2. 669
26()
443
476
522
483
State and municipal
do
411
399
414
vfir,
- 7 S3
l
Revised.
P Preliminary.
Includes International Bank securities not shown separately.
§Or increase in earmarked gold (—).
t He-vised scries. Data reflect change in n u m b e r of reporting banks and centers: figun s back to J a n u a r y 1943 will be shown later.
V Includes Boston, Philadelphia. Chicago, Detroit, San Francisco, -and Los Angeles.
*New series. Compiled jointly by the Federal Trade and Securities and Exchaitue Commissions. Data are estimated totals based on reports from all manufacturing corporations registered
w i t h SEC, all nonrecistered manufacturing corporations with total assets of $5,000,000 and over at the end of 1949, and a sample of nonregistered manufacturing corporation' with total assets
•of less than $5,000,000 at the end of 1949. Comparable data beginning with the first quarter of 1951 are available upon request.
iRevision for 1950-lst q u a r t e r 19.53 for electric u t i l i t i e s (net profit after taxes) and for 19,52-Febrnary 19,53 for SEC data on securities issuer] will be shown later.
T
HO
T JL1
SUEVEY OF CURRENT BUSINESS
August 1SI54
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-19
1953
June
July
August
19 54
September
November
October
December
January
February
March
May
April
June
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission!— Continued
New corporate security issues:
Estimated net proceeds, total
mil. of dol..
Proposed uses of proceeds:
New money total
do
Plant and eouipment
do
Working capital
do
Retirement of securities
do
Other purposes
do
Proposed uses by major groups:
Manufacturing total
do
New money
do_ _ _
Retirement of securities
do
Alining total
do , _
New money
do
Retirement of securities
do
PublicT utility total
do
NCW money
do. ._
Retirement of securities
do
Railroad total
- -- do
New money
do
Retirement of securities ... - .. do... Communication total
do
New money
do
Retirement of securities
do .
Real estate and financial, total
do
New monev
do
Retirement of securities
do
State and municipal issues (Bond Buyer):
Long-term
_. -thous. of dol .
Short-term
- do
1, 147
510
330
590
451
1,464
563
448
713
'616
1,034
597
437
24
89
459
364
95
27
24
270
161
109
5
55
691
423
268
4
62
550
430
120
12
28
406
301
105
22
23
1,413
1.111
303
531
485
46
9/5
18
13
590
473
117
53
70
r
90
410
338
72
9
29
283
211
133
108
17
19
18
0
209
206
]
9
9
0
20
15
46
33
o
6
5
132
93
1
5
3
0
242
227
1
24
24
0
89
88
('}
243
239
56
50
99
134
111
16
32
29
1
276
275
P)
48
48
0
26
95
P)
12
11
0
52
46
0
45
44
()
418
400
9
37
34
1
200
184
8
59
59
0
608
608
0
47
40
]
471
r 389
r
82
r
129
r
16
r
r
614
472
' 142
•' 183
'• 38
812
635
' 204
' 181
43
32
3
(')
123
92
(0
9
0
6
0
13
11
0
80
74
3
o
107
95
()
29
28
0
362
306
46
16
14
2
30
22
0
88
54
()
443, 040
151,384
521, 899
172,444
260, 063
366, 327
475. 595
251, 039
482. 876
294,113
410,562
190.858
777, 141.
218, 734
399, 429
304, 473
414,306
438, 195
569, 850
266, 676
735, 074
249 648
307
586
254
610
237
689
243
476
262
318
268
371
210
310
158
250
136
244
160
369
183
413
116
344
282
1,684
653
1,216
1,664
651
1,161
1,682
641
1,182
1,624
674
1,070
1,641
672
1,098
1 . 654
682
1, 127
297
1, 694
709
1, 170
1,690
741
1, 108
1,688
768
1,062
1,716
787
1,054
1 786
819
1 0^4
1,841
r
836
1,186
95. 30
95. 69
74.62
95. 82
96.22
74.44
95. 58
95 96
74.79
96. 74
97.18
75. 25
97. 59
98. 03
75. 70
97. 30
97.72
75. 78
98. 32
98. 74
76. 30
99. 32
99 74
77. 17
100. 28
100 68
77.49
100. 64
101. 04
78.34
101 00
101 41
78 17
100.00
100.40
100. 71
101.12
77. 90
108.8
115. 1
91.56
110.7
115.1
92.98
111.4
116.9
92.89
110.9
116.9
93. 40
112.5
119.7
95. 28
113.6
121.4
94. 98
113.5
122.3
95. S5
114.6
1 23. 6
97. 42
1 1 6. 5
125.4
98. 62
117.9
125.6
99. 87
118.1
123.9
100. 36
69, 942
83, 260
56, 270
64, 949
46, 982
54 677
53. 136
61,895
62, 397
77, 035
48, 741
56 894
S7, 702
97, 07*
79, 128
91 677
80, 038
91 416
83, 039
92 499
74. 700
83 764
68, 208
80, 340
54, 572
62, 723
45, 364
52 327
51, 954
60, 238
60. 529
74, 607
47. 433
55 10'-'
S6, 220
94, 863
77, 099
8S 276
78,470
88 480
81, 229
89 990
72, 601
81 102
68, 751
0
68. 751
60. 659
8, 024
55, 874
0
55. 874
48, 477
7. 293
47. 574
0
47, 574
41 087
6 455
56, 308
(j
56, 308
49. 468
6. 795
64, 037
8
64. 029
57, 1 53
59, 622
80, 352
0
86, 352
72 247
13 970
75, 856
0
75, 850
62 595
13 10'?
79, 181
0
79, 181
65, 421
13 691
0
75, 1 00
64 443
»9
69, 272
1
69, 271
02, 126
6 861
99. 454
97, 576
1,411
104,357
101,966
1,891
100, 279
98, 419
1,390
104, 651
102, 284
1 ,867
100,010
98 142
1 , 395
104,634
102 269
1.865
93, 472
91, 599
1,400
96, 620
94. 259
1.861
94, 572
92, 013
1,4015
96, 904
94 471
1 . 858 |
96, 500
94 54<»
1,406
99 184
96 754
1.856
99, 82*
97 871
1, 406
101 539
99 122
1 , K42
1(11,246
99 162
1 4^1
101 936
99 419
1,842
107,646
105 557
1 424
107 346
104 N43
1,838
107, 976
105 867
1 441
107 286
104 782
1,839
108,356
106 ' > r >5
1 140
107 288
104 781
1 , 843
105, 094
102, 990
1,430
105,09!
102, 577
1,S4 1 J
105,582
103,474
1, 437
104,83,3
102, 325
1,844
o. 61
3.55
3 51
3 54
3 45 '
3 38
3 39
'•> 34
'•> '>'•}
3 14
31°
3. 40
3.50
3. 67
3 86
3. 28
3. 42
3 62
3 86
3. 24
3. 39
3 56
3 85
3. 29
3. 43
3 56
3 88
3. 10
3.11
3.27
3 40
1 7 '"
:{. 13
3. 28
•; 4()
3 74
3. 06
3.22
3 35
3 71
2. 95
3.12r
3 '> )
3 61
2.86
3.03
3 16
3 51
2.85
3. 00
3 15
3.48
3. 62
3 73
3. 42
3. 56
3 67
£ 54
3 61
3. 39
3. 58
3 65
3. 33
3. 46
•-> ^ti
3. 27
3. 2S
3. 23
3. 31
3 47
3.12
3. 23
3 '>'">
3. 05
3.14
3 24
31
30
0
331
300
17
23
23
0
37
37
0
412
406
0
(')
97
86
0
9
9
0
30
29
0
18
17
0
245
•>25
16
10
10
0
38
37
P>
356
334
r}
(i)
18
17
0
269
258
0
30
23
7
7
0
51
40
r 86
r 70
r 5
r
39
r 25
12
r 3()Q
T
237
r
73
31
19
12
r 96
r 25
o
'32
1
r
501
r
327
r
173
1
1
0
' 40
r
40
01
It
442
381
00
' 51
18
25
805,09(1
176, 241
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
mil o f b u
do ...
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Member*
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
.
mil of dol
do
do
do
Bonds
Prices:
Average price of ail listed bonds (N. Y. S. E.),
total§
dollars..
Domestic
do
Foreign. _
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (A1 + issues):
Composite (17'bonds)
dol. per $100 bond..
Domestic municipal (15 bonds)
do
IT. S. Treasury bonds, taxable..
do
Sales:
Total, excluding (T. S. Government bonds:
All registered exchanges:
Market value
thous. of dol.
Face value
.
do
New York Stock Exchange:
Market value
do
Face value
, -. .
do
New York Slock Exchange, exclusive of stopped
sales, face value, total§
1 hous. of do!
I 1 S Government
do
Other than U. S. Government, total§
do...
Domestic
_
do
Foreign
.
do
Value, issues listed on N. Y. S. E.:
Market value, total, all issues§
m i l . of dol...
Domestic
do
Foreign
. .._
do. ...
Face: value, total, all issues§
. ..
do
1
Domestic
do
Foreign
. do...
I
Yields:
Domestic corporate (Moody 's)
percent
By ratings:
Aaa.
do
Aa
do
A
...
do
Baa
do
By groups:
Industrial
do
Public utility
do
Railroad
_.
do
!
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Cor]). (15 bonds)
do
U. S. Treasury bonds, taxable
do
r
3. 04
2. 99
3. 09
2. 92
2.99
2.99
'~> 92
2. 89
3. 00
o
59, 622
53 031
3. 33
3 47
'! ^
;
;
!
' 82
'_'. 88
2. 97
4(
6
3. 38
'-{ f, J
•»
2. S3
i
| j( )
2. 62
2. 85
-. 59
2. 79
•> ^(j
2. 50
2. 68
O '-J(f
2. 60
2. 38
2. 51
10 6'?9
;
3. 10
3.04
3. 13
0
1 Q
9
<U
2.47
2.47
Revised.
v Preliminary
' Less than $500,000.
J Revisions for 1952—February 1953 will b« i shown later.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these, bonds are included also in computing average price of
all listed bonds.
SURVEY OF CURRENT BUSINESS
S-20
I ^nless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 1».~4
19 54
1953
June
July
September
August
November
October
December
January
February
March
April
June
May
FINANCE—Continued
i
SECURITY MARKETS— Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments
. mil. ofdol Finance
do
M anufacturing
do
Mining
...do
Public utilities:
Communications
__do
Heft light and power
do
Railroad
do
Trade
-- do
Miscellaneous
do
Dividend rates, prices, yields, and earnings,
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
Price per share, end of month (200 stocks)., do
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Yield (200 stocks)
percent. .
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
_ . do
Insurance (10 stocks')
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)
percent ._
Prices:
Dow-Jones & Co., Inc. (65 stocks) _dol. per share-Industrial (30 stocks)
do
Public utility (15 stocks)
do
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad :§
Combined index (480 stocks).. .1935-39 = 100..
Industrial, total (420 stocks)
do
Capital goods (129 stocks)
do
Consumers' goods (195 stocks)
do
Public utility (40 stocks)
do
Railroad (20 stocks)
do
Banks, N. Y. C. (16 stocks)
do
Fire and marine insurance (17 stocks) 1 do
Sales (Securities and Exchange Commission ):
Total on all registered exchanges:
Market value
mil. ofdol
Shares sold- .
- thousands.
On New York Stock Exchange:
Market value
mil. ofdol
Shares sold
thousands - Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands
Shares listed, New York Stock Exchange:
Market value, all listed shares...
mil. ofdol..
Number of shares listed
millions
1, 234. 7
87.6
802.2
87.3
576. 0
137.0
200.6
5.6
220. 9
52. 0
88.0
f,
796.1
86.2
36.2
94.6
56.4
49.0
21.4
104.3
66.3
14.1
39.2
8.9
1.0
55. 4
10.0
7.6
4.4
3.97
4.16
2.01
3.03
2.82
3.09
3.98
4.15
2.01
3.09
2.82
3.10
71. 14
74.28
36.02
48. 40
5. 58
5 60
5.58
6.26
4.64
3.50
1,715.2
170.6
1.081.7
141.3
689. 5
134.7
239. 8
8.3
244. 1
68.9
84.2
1.9
1, 274. 5
78.7
833.1
93.9
588. 3
108.0
212. 5
6.8
227 r,
55. 8
96. 7
2. 1
1,252.5
6.9
232. 4
52. 5
102.0
2.5
51.8
94.7
49.3
50.8
19.9
104. 0
65.9
17.4
41.8
11.3
1.1
57.0
2.9
7.8
6.4
43.7
100.3
87.4
48.8
41.4
104.4
68 0
32. 3
92.3
9.6
1. 1
56 9
10. 1
17.0
4.0
39.4
102. 3
60.0
43.8
23. 2
107. 6
70 2
217
51.3
7.2
1. 1
57 3
2.9
7 6
4. 1
38. 4
100. 7
55. 2
37. 4
23. 4
3.99
4.16
2.07
3.11
2 82
3.10
3.98
4.15
2.07
3.11
2 82
3.10
4.06
4.25
2.07
3.13
2.83
3.12
4.08
4.26
2.09
3.21
2.87
3.16
4.08
4,27
2.0< ;
3.21
2.97
3. 26
4.11
4.30
2 09
3.25
3.01
3.26
4. 14
4.34
2 11
3.24
3.01
3.28
4.14
4.34
2.13
3.11
3.01
3.37
-t. 18
4.41
13
3. 11
3.01
3.37
4 22
4.47
2 13
3 11
3. 01
3 37
4.22
4.47
2 13
3. 14
3. 01
3 37
72.87
76. 24
36.81
49.03
69. 34
71.85
37.16
44.39
69.51
72.09
37.20
43.61
72. 59
75.90
38. 59
45. 18
73.79
77.11
81.37
40 87
46. 58
77. 85
81.98
41.42
46 80
80. 56
85. 53
42. 56
46. 40
84.67
45. 56
73. 50
77. 06
39. 61
43.18
86. 51
92 86
43. 79
49 63
87. 60
94 34
43. 91
50 01
5.46
5 44
5.46
6.30
4.59
3. 40
5. 75
5 79
5. 57
7.01
4. 55
3.46
5. 73
5. 76
5.56
7.13
4.53
3.40
5. 59
5 60
5.36
6.93
4.45
3. 35
5.53
5 53
5.26
7.05
4.28
3.32
5. 55
5. 54
5.28
7.43
4.61
3. 2f
5. 33
5 28
5.11
6 98
4.72
3 90
5. 32
5 29
5.09
6.92
4.77
3.08
5.14
5 07
5 00
6.70
4.81
3.17
4.94
4 86
4 96
6 59
4 66
3 08
9
553. 3
100.1
205. 9
1 , 235. 3
86.4
7 76
2.79
8 31
76. 97
39.70
7 76
2.85
8 49
8.08
2.78
8.76
9
90 76
42.91
47 16
4
4
4
6
4
2
86.4
816. 5
94. 5
88
81
86
27
62
94
4
4
4
6
4
•-)
82
74
85
28
59
gg
v 8 20
P 2 83
•"'4 7 *>
'2.81
3 14
4.47
4.37
4.31)
4.30
4.19
4.15
4. 20
4. 15
4. 08
4. 04
4.02
104. 42
266. 88
48.66
103. 09
106. 08
270. 32
49.03
105. 68
106. 21
272. 21
50. 40
103. 58
270. 73
50. 53
95. 44
105.82
106. 74
113.11
115.94
277 10
51.57
97 23
281.15
103. 86
286. 64
53. 33
98. 1 7
111.55
292. 13
54.39
299. 1 5
55. 64
103.12
100. 98
261.90
49.16
94.46
102. 44
101.38
310 92
56 39
102 01
182.8
197. 5
183.7
170.7
117.2
169. 3
115.3
205.1
185. 5
200.1
185. 9
171.7
119.2
173.7
117.6
208.5
187. 3
202.1
188.1
172.8
121. 1
170.2
121.4
215.7
179.2
192. 6
180.2
165.4
119. 6
156.1
119.6
209.7
183.4
197. 2
168.8
122.2
156.7
122.6
215. 5
197.0
172.9
125. 2
156.9
124. 3
229.4
195. 4
211.9
201.0
177.0
126.7
159. 5
122.8
238. 0
199.6
216. 5
201.8
178. 1
128.8
165. 8
121.7
243. 7
204. 9
222. 9
211.7
180.5
131.0
165. 4
120. 7
248.1
212.7
233.1
225 3
184. 6
132 5
163.7
121 8
249. 1
219. 8
241. 5
235 9
189.2
134 0
173.0
124 8
260. 0
221.8
244.0
'HI 6
191.2
135 0
175. 7
125 H
265 1
1,290
63, 846
1, 073
42, 528
1,119
42, 437
1,248
53, 392
1, 188
52, 290
1, 568
65, 081
1,533
64. 873
1 , 700
50,610
60,104
2,043
75, 234
2, 173
84. 949
2 12'>
84 954
SS* 072
1,106
49, 757
903
28, 809
946
29, 841
1,068
38.011
995
36, 557
1.010
37, 872
1, 344
45, 458
1, 296
47,313
1,458
43, 482
1,751
52, 932
1 879
62, 793
1 846
61, 746
61.602
ise!7
1,170
187. 5
202. 3
192.2
171.0
123.6
158.5
124.8
225. 6
52. 54
96.37
190.7
206.2
4.03
120.
322
57
108
4. 05
74
86
37
62
122
327
57
110
O
69
91
92
89
\(}~)
1 823
26, 075
22, 234
23. 893
27.172
25. 728
26, 684
36, 15P
33, 375
33, 295
44, 132
43, 867
41 913
12 9^5
113,306
2,878
115,886
2. 882
1 10, 750
2,889
110,479
2,892
11 o,4'28
117.478
123,190
2. 902
2,918
117,257
2,927
124, 906
2, 037
129, 122
2, 943
131, 586
2 967
137, 928
2 979
139 188
3 047
2. 931
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
I
BALANCE OF PAYMENTS (QUARTER LY)J
Exports of goods and services, total
Merchandise, adjusted
_
Income on investments abroad
Other services
mil. of dol..
do
do
do
1
5, 732
4. 519
456
757
4,916
3.728
450
738
l
5, 230
3,972
585
673
Imports of goods and services, total ..
Merchandise, adjustedcf
Income on foreign investments in U. S
Military expenditures
Other ser vices cf
do
do
do
do
do
4, 250
2,882
106
600
662
4,239
2,679
100
653
807
3,939
2,596
143
679
521
Balance on goods and services
do
-f 1, 482
+677
+1,291
4,747!
3,630 !
i
i
Unilateral transfers (net), total
Private
Government
.
do
do
do
U. S. long- and short-term capital (net), total. do
Private
do
Government _
do
Foreign long- and short-term capital (net) - _ do. _.
Increase (— ) or decrease (+) in U. S. gold stock
mil. ofdol.
-2,063
-118
-1,945
r
-1,352 .
-120
-1,232 .
-1,375
-117
' -1,258
-210
—31
-i79 !
-213
+298
+448
+232
+128
+302
+130
+35
+70
-35
i
3.753 '
2,512
103
618
520 >
!
i
i
!
:
<
!
:
i
'
!
!
+994 i
—1,360
—108
— 1,252
'
!
-181
—332 i
+151
— 192
-21
Errors and omissions..
do
+120
+135
-65
r
Revised.
v Preliminary.
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
SURVEY.
cf Excludes military expenditures.
!
I
!
458
659
!
;
;
|
i
!
!
. , !
'
+462
;
456
'
.
+29
| Revisions for 1946-53 appear on pp. 16 and 17 of the Julv 19
SURVEY OF CURRENT BUSINESS
August 15)f)4
8-21
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
1954
Septem-
LgUSt
ber
October
Novem-
ber
Decem-
ber
Febru-
January
March
ary
April
May
June
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOKE1GN TRADE
Indexes
Exports of U. S. merchandise: cf
Quantity
1936-38=100_.
Value
do
Unit value
do
Imports for consumption -tf
Quantity
do
Value *
do
Unit value
- - do
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadiusted
1924-29=100
\djusted
do
Total, excluding cotton:
Unadjusted
- do
Adjusted
do
Imports for consumption:
Unadjusted
do__ _
Adjusted
--do
280
564
201
274
553
202
237
482
203
249
511
205
248
508
204
248
506
204
270
550
203
218
443
203
238
479
202
164
451
275
158
435
275
147
407
278
162
453
279
145
401
277
149
409
275
159
437
276
149
411
276
70
96
73
99
73
89
81
67
78
59
87
70
90
73
72
69
105
131
126
157
115
120
130
107
122
98
135
116
1 23
108
100
99
105
113
100
111
91
99
116
119
87
86
99
101
107
106
103
100
7, 096
9. 366
7,018
8, 994
6. 889
8.590
6,581
9,187
6, 408
8,688
5, 776
8, 830
4,887
9. 148
3, 751
8. 135
225
457
203
284
578
203
281
570
203
144 !
398 i
277
153
426
279
1 61
'460
285
141
405
286
82
94 !
89
97
90
114
92
119
114
123
119
141
133
156
95
94 I
101
90
115
108
96
98
3. 855
8, 198 !
3, 965
8. 794
;
107
125
Shipping Weight
Water-borne trade:
Exports, incl. reexports©
Oeneral imports
|
thous. of long tons..
do
T
Tallied*
of dol_.
1 , 383
1 , 357
1,184
1. 254
1.251
1,244
1,34!'
1,091
1,123
1 . 422
of dol .
do
do
do
do
do
36, 880
157,069
220, 125
291,063
129,328
129, 102
44,413
173, 574
197, 874
244, 942
1 25, 598
114,647
42, 128
165,318
190,346
233, 453
10S, 546
123.362
50, 689
191, 936
239.015
238. 492
136,806
132.871
32, 386
171, 760
243, 996
246, 993
142,480
129.313
37,917
198, 150
246, 392
224, 566
130,196
133, 791
39, 953
231, 508
296, 108
210,795
146,649
152.227
36,195
169,867
21 8, 351
199,403
131,036
116,841
40, 384
197,658
245,441
207, 846
129, 771
123,924 1
28,815
174,333
222, 037
244. 985
115,000
96, 228
61,293
234, 446
304, 407
256, 825
166,830
177,354
49, 322
202, 604
278, 147
268,314
131,571
146, 626
do
4,000
16 504
8,234
18,351
10, 191
li,4CO
4.428
1 7, 036
3, 280
13,586
4.224
13, 412
2, 692
1 6, 053
2, 545
18. 083
2, 724
19, 390
4, 028
.2.147
3, 794
28, 41 2
3, 407
21,447
.-do
do
do
do
do
do
do
7, 507
2. 205
0
14.801
44, 953
9, 266
33,715
9, 248
2, 982
0
24, 185
47, 200
10,246
27, 767
7,121
2, 530
0
1 9, 549
51,956
11,827
20, 862
'^7
(
27,97 (!
61 , 092
8, 327
30, 603
9, 277
2l 065
0
21,969
62, 760
7, 533
28, 803
19,015
2, 542
0
24, 072
75, 263
8, 156
23, 610
18,394
2, 996
()
19,845
83, 229
8,131
33, 300
8.710
1,576
0
10,019
75, 879
6, 876
20, 551
13, 046
2,691 i
0
17, 369
83, 167
7,112
25, 808
11,685
1,926
0
13, 293
72, 885
5.943
25. 857
14,986
2, 262
4
24,617
79, 064
7,126
35,048
18,323
2, 857
0
21,326
61 , 723
8,740
26,467
27, 867
25, 474
Germany _
do
23,
869
Italy
--- ---- do _
4
Union of Soviet Socialist Republics
do
39, 423
United Kingdom
. ... ... do
North and South America:
291,035
Canada
do
244, 344
Latin American Republics, total
do
14, 177
Argentina
do
24,619
Brazil
- .
do
7,227
Chile
do
24, 438
Colombia
do
32, 025
Cuba
do
53, 408
Mexico
do
42, 297
Venezuela
do
1,375
Exports of U. S. merchandise, total^f mil. of doL.
By economic classes:
Crude materials
thous. of dol_. 127,507
68, 621
Crude foodstuffs
.do
53,970
Manufactured foodstuffs and beverages do
112,146
Semimanufactures 9
do
1,012,917
Einished manufactures 9
do
By prineinal commodities:
197, 227
A grieultural products, total
do
41,340
Cotton, unmanufactured
do
23, 677
Emits, vegetables, and preparations ....do
70, 335
Grains and preparations
do
14.463
Packing-house products
do
24. 930
Tobacco and manufactures
do
18 351
24, 764
16,977
5
32, 144
18,705
23, 266
16,555
0
34, 364
31,477
26, 890
22, 142
0
60, 461
29, 889
40, 023
16,368
1
50, 781
23, 772
33.368
24,101
2
50, 003
30, 837
37, 905
27, 685
1
61,665
22. 920
31, 759
22,145
0
44, 560
27, 649
39, 292
21,625
3
49, 820
20, 329
44, 769
15,627
39, 828
31,693
44. 609
27, 925
2
44, 604
25, 439
38, 280
26, 955
1
48, 226
244, 934
226, 247
6, 499
20, 265
6, 637
22, 994
37, 276
52,481
41,429
1,349
233, 442
220, 505
9, 924
23, 847
7,244
24, 301
27, 585
48, 258
40,061
1,175
238. 472
256, 548
12,512
29, 088
8,528
24,571
38, 108
54, 668
37, 446
1,245
246, 985
257, 574
6,617
21,686
11,471
25, 560
37, 157
65, 339
46,411
1 , 238
224, 532
250, 1 98
10,812
24, 792
9, 583
24, 841
36,154
54,172
44, 763
1,234
210,788
283,025
] 1 , 498
33, 387
12,933
27, 887
39, 008
63,087
47, 883
1,340
199,399
235, 987
9, 527
25, 030
5, 241
21,221
33, 185
53,159
39, 202
1,079
207, 840
242, 599
7, 748
31, 347
4, 580
22, 743
34, 305
56, 622
41,001
1, 168
244, 982
202. 407
4,594
23, 900
5, 050
17,312
28, 386
57, 758
34, 652
1,114
256, 81 9
325, 675
8, 1 83
46,78!
7, 586
33, 673
40, 234
62, 270
56, 372
1 , 409
268,311
264, 358
6, 058
40, 603
5, 494
29,510
36, 721
53, 953
47, 433
1 , 389
96, 978
82, 121
60, 573
110,630
998, 506
120,432
73, 443
50, 676
105, 998
824, 689
145,424
82, 105
55, 525
123,970
837, 978
152, 414
70, 148
60, 607
129.479
825, 435
159.762
69, 739
76, 108
127.476
800, 689
186,780
55, 534
68,016
154,668
874, 642
133, 430
44, 835
54, 783
131,682
714, 482
134, 323
53, 436
63, 030
141, 730
775, 785
137,969
55,716
64, 984
133,096
722, 730
157,721
65, 788
62, 689
165,744
957, 355
144,214
73.746 1
67, 1 24
151,879
951,972
196,812
21,175
20, 617
90, 883
14,795
19,327
196, 970
35, 154
19, 726
73, 083
14, 735
25, 696
245, 254
37, 165
20, 044
88, 178
15,525
52, 876
242, 957
40, 168
22, 243
77, 878
17,297
41,531
280, 338
44. 570
20, 031
85, 747
20, 174
40, 868
301, 461
68, 347
18, 294
70, 227
22, 167
52. 532
204, 987
54, 136
15,755
55, 895
15, 950
26,710
235, 570
71,415
19, 169
66, 052
20, 005
16, 451
243, 7(55
80. 369
22, 105
59,301
15, 060
17,826
258, 227
78. 98()
21, 274
65, 146
21.ROO
22. 355
254, 467
64, 484
27, 766
70, 262
22, 339
23, 085
1,151,996
112,876
65, 670
33, 107
36, 335
978,207
97, 538
62. 010
36, 438
33, 229
999, 749
99, 481
77, 759
35, 593
36, 227 |
995,125
88, S91
70, 601
35, 164
38, 481
953, 437 1.038,179
82, 773
94, 660
69, 931
82, 305
27, 837
18,483
39, 424
44,615
874, 224
100,614
64, 245
18.261
39, 822
932, 734
113, 927
73, 166
15,669
39, 077
870, 730 1,151,071 1, 134,467
102, 837
134, 634
147, 193
66,613
103, 184
86, 590
15, 521
23, 309
27, 964
35, 791
38, 650
49, 984
238, 343
11,367
27, 081
62, 069
21,519 '
105,424
221, 589
7. 416
24, 828
64, 098
19.868
94, 783
213, 727
6, 682
24, 479
58,717 l
18, 125
95,010 !
248, 795
7. 831
27. 993
65. 096
23, 064
112.997
192, 899
8,846
20, 027
56. 513
16,235 !
82,577 !
217,501
11, 107
24, 829
56, 890
20, 699
94, 039
198,970
13, 170
24.211
51.613
11,859
90, 927
297, 191
15,210
32, 154
77. 461
22. 761
135. 186
258, 435
14,035
30, 369
66, 361
18,539 !
117,097 i
53,910
58.430 l
53. 218 :
til, 315
55.214
51.575
47, 532
;
51. 614
52,312
45. 500
43,961
59. 119
65, 593
59,772 !
51, 469
Exports, including reexports, totall .....mil.
By geographic regions:A
\friea
.-- thous.
\sia and Oceania
Europe
-- Northern North America
Southern North America
South America
_
Total exports by leading countrles:A
Africa:
Egvpt
-_
Asia and Oceania:
Australia, including New Guinea
British \Talava
ChinaO
- -India and Pakistan
Japan
Indonesia
Republic of the Philippines
Europe:
N'onngricultural products, total
Automobiles, parts, and accessories
Chemicals and related products!
Coal and related fuels
Iron and steel-mill products
do
do
do
do
do
1,177,935
134, 401
70, 433
35, 556
41,827
.Machinery, tol;al§
Agricultural
Tractors, parts, and accessories
Electrical §
MetalworkinprS
Other industrial
do
do
do
do
do
do
266, 214
14, 705
32, 890
74, 312
23,165
111.680
Petroleum and products
Textiles and manufactures
do
do
Revised.
p Preliminary.
',
56,958 1
52,234 1
238, 612
14,032
26, 756
62, 529
22,777 i
103,624 I
214,577
12,411
23, 922
58! 240
16,619
96, 106
;
j
\
;
54,461
5f>. 009
'.
47, 793 :'
56. 302
45.007 .
d" Revisions for 1952 and January 1953 will be shown later.
1, 180
r
1, 398
SUEVEY OF CURRENT BUSINESS
S-22
1954
1953
Unless otherwise stated, statistics through
1953 Statistical Supplement to the Survey
August 1954
June
July
Se
g|;erm-
August
Octc ,bel,.
Novembcr
December
January
F
U
^ -
March 1
April
May
June
947, 000
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
1
Valued* — Continued
General imports, total
By geographic regions:
Africa
\sia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egvpt
Union of South Africa
Asia and Oceania:
thons. of dol -
_
--
British Malaya
ChinaO
India and Pakistan
Japan
Indonesia
Republic of the Philippines
Europe:
France
Germany
do
do
do
do
do
do
do
do
-
do
do
do. do._ do
do
--
do
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
Tjitin \merican 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:
\griculturalproducts total
do
Cocoa or cacao beans incl shells ..
do
Coffee
do
Hides and skins
- -do-_
Rubber crude, including guayule
--do
Sugar
-- -- - do
Wool and mohair unmanufactured
do
Nonaericultural products, total
do
Furs and manufactures
do
Non ferrous ores, metals, and manufactures,
total
thous. of dol . _
Copper in n l ore and manufactures
do
Tin including ore
- - do
Paper base stocks
do
Newsprint
- _- -- do_Petroleum and products
do
933, 005
907, 623
841.048
925. 328
' 81 3, 167
848. 948
907, 692
S33. 003
809. 724
857. 214
957, 201
' 828, 797
44,781
1 74, 560
200, 1 84
222. 638
102,227
188.614
43, 010
145,452
204,181
204, 113
1 02, 930
207, 936
44,568
144. 8SI '
178,909 ;
204.332 |
94, 7U
173.642
44. 537
154,099
202 287
204. 330
80 389
239. 686
48. 269
139 020
197 997
201. 636
60 378
1 65. 871
50, 059
134,647
1 96, 1 1 5
207, 908
72 240
187.978
59. 790
1 26, 544
184. 572
211.715
104 949
220 122
55, 750
124,751
159.916
161.137
129 787
201 663
60. 948
118.915
155,743
172. 593
133 550
167,977
49, 774
119,609
147,645
203, 182
143 987
193, 022
70, 444
159,985
197,417
185, 912
133, 205
210, 239
55, 330
144, 867
159,112
193, 338
110 380
165, 766
1 , 262
7. 786
1 , 589
6, 361
786
7 273
12,527
18, 978
265
22, 579
22, 552
22, 056
34. 521
8, 561
1 5, 332
601
19.421
23, 727
20, 974
24, 654
1 3. 020
14,854
1,538
1 5. 559
26. 491
14.912
22. 2^7
17,885
25, 483
11, 549
1,128
44. 395
20,471
24, 388
12 725
1,134
54, 076
222, 472
274,424
16,088
48, 619
30, 403
33, 927
39, 632
28, 840
34,216
923, 982
606
6,918
975
7. 637
I . 149
8. 248
1 , 433
1,178
6. 846
3. 037
9,170
4, 083
8. 253
2,244
9. 790
8 828
14.669
537
1 8. 891
23. 489
20, 228
27. 353
7 523
14, 884
1,291
21,353
21,917
14, 597
20.157
12 436
1 3, 307
361
20. 085
21. 557
14.291
1 9, 493
12 105
13 898
917
1 9. 903
1 7. 867
1 3. 1 69
17.759
12,273
1 1 . 484
633
20. 375
17,693
12.577
18.535
8,361
10, 523
435
20, 932
15. 563
12, 369
19,338
4 989
11,476
374
21.491
16,178
10.714
19.393
15, 474
13.137
' 1.958
20. 656
29, 510
13, 542
29, 362
9 046
14 780
348
17, 928
22, 764
13. 052
23. 658
13.963
22, 889
11 470
585
44, 527
14.385
25 169
12 161
594
48. 132
14,292
25,411
14 701
929
44, 790
14,984
22, 892
18 142
624
42, 51 2
12. 626
20, 939
13 336
577
40, 769
11,008
21,511
8 776
711
36. 91 1
10. 901
17,965
11 655
717
37, 464
10, 278
18, 983
10 711
854
37. 861
15, 259
28, 603
12 719
1,342
48. 370
12,229
21 , 750
10 865
1 , 065
40 429
203, 938
294, 529
27, 731
56. 775
20, 278
41.713
40, 680
26. 207
35, 643
892, 61 0
204, 1 59
253, 655
9. 959
48, 030
17,178
42, 827
45, 095
23, 263
35, 791
835. 452
203. 842
305. 023
11.173
100.594
11,744
52. 658
37. 530
18.442
41,035
928. 1 30
201,441
212,168
11,426
56, 969
13,511
27, 286
19. 641
19,619
35, 845
822,015
207, 660
239,125
7, 513
79, 480
6, 892
35, 061
1 7, 528
21,101
35. 564
838, 233
211,639
301 , 367
6. 333
91.144
8. 099
51 . 1 34
22. 429
27, 1 87
42. 225
895, 958
161,075
309. 645
5, 103
80, 984
13, 832
37, 954
33, 624
31,695
42, 639
842, 609
172, 540
277, 769
7,410
49, 765
13,782
39,911
36, 710
34, 023
38, 067
816, 706
203, 150
317, 260
10.447
61,501
14, 183
41.881
43. 656
40, 354
47, 129
873. 400
185, 879
324, 694
13, 539
84, 707
12,410
38, 629
48, 058
37, 854
41, 598
943, 076
193, 338
261 327
7,112
44, 991
17, 863
38, 236
49. 413
23. 457
38. 634
829, 731
228, 003
148, 033
104,735
259.436
1 83, 776
21 6, 033
1 57, 752
101,381
231,868
185,576
202, 744
146.711
95, 351
221. 208
169.438
226, 1 08
208,542
99. 423
211.458
1 82, 59K
210,097
141,221
81,572
199. 990
189, 132
197,488
193,546
79, 388
1 85, 1 54
182,657
203, 527
247, 291
75, 445
186.412
183. 282
206, 580
?32. 843
81,626
174,988
146,572
196,282
202, 984
88, 067
166. 544
162 829
208, 531
208, 506
97 908
182,716
175, 740
197,819
241, 098
123, 309
182, 939
197,910
203, 466
168.214
106 112
175.124
176 814
328, 394
17,282
88,413
9,162
30,217
49, 070
22,191
595, 587
6, 468
327, 435
13,754
102, 599
6,405
26, 445
43, 058
27, 81 5
565,175
5, 506
302, 521
9, 343
92, 939
6. 502
21 . 683
43. 779
19,485
532. 931
5, 596
382. 231
7, 551
155.948
6. 667
27. 375
40, 400
21.904
545. 898
5. 186
272.174
6, 250
90, 356
4, 226
21,881
20, 588
20, 546
549. 842
3,917
321,877
5,849
131,057
4,103
23,177
1 5, 937
1 6, 908
516,357
3, 081
372. 263
23. 929
174,929
3, 775
19,704
16,916
14, 580
523, 695
7,924
371, 131
35. 681
1 62, 458
3.474
18,678
32, 006
19,404
471,478
6, 844
339, 756
25, 102
140, 745
3.132
17, 080
36, 852
14, 636
476, 951
7, 540
361,964
11,940
158, 351
4, 215
18.855
45. 467
18, 975
511.436
5, 023
427. 679
16,317
175, 751
6 016
19, 461
52, 405
22 5?3
515,397
6,424
327. 860
15.049
106 465
6.693
21. 401
42, 948
19 576
501. 870
7 173
136,928
51 , 1 72
22. 989
27, 082
50, 828
61.049
113,520
41,501
19,384
22. 824
48.314
59, 457
109,185
31 , 009
17.585
27. 802
51 . 934
5S. 201
1 05, 522
35, 075
14.997
25, 755
48.122
67. 861
97,177
31,509
17,840
26, 606
52,514
64, 1 57
87, 639
1 9. 236
1 6. 21 5
24,712
49,444
67, 400
88. 697
19,305
18.737
23,381
53, 630
76. 506
91,097
20. 899
18,911
20, 657
42, 423
70, 31 4
88, 875
32, 246
12,629
24, 873
46,515
66, 982
96, 889
26, 202
13,665
24, 920
53, 567
74, 328
88. 069
27, 982
12 286
20, 532
47, 597
61, 873
98, 173
31,201
11,223
20, 115
49. 478
65 596
1 . 632
7.099
971 , 800
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown revenue
Express and freight ton-miles
Mail ton-miles
flown
Passengers carried, revenue
Passeneer-miles flown revenue
thousands
flown
do
- - do do
do
39, 517
14,033
41,782
42, 004
40, 935
40, 238
37, 765
39, 361
16,380
13, 426
13, 650
14, 768
14,485
16, 945
5,541
5, 352
6, 313
5, 557
5,400
6, 134
8, 834
2, 354
2,409
2,321
2, 334
2, 385
2,015
2, 083
1, 320, 710 1,305,097 1.332,565 1. 261.366 1.225,997 1,064,211 1, 166, 586
39, 035
41,602
37, 345
41, 402
42 758
13,494
14, 735
14, 987
12, 880
14 780
6, 093
6, 816
6, 778
6,070
6 344
2, 023
2. 256
2, 038
2,493
2, 520
1,175,797 1,116,969 1,256,754 1,341,682 1, 363 093
Express Operations
Transportation revenues .thous. of doL
E xpress privilege payments . .
do
Local Transit Lines
Fares, average cash ratef._
cents.Passengers carried, revenue.-,
millions-Operating revenues
.
thous. of dol--
32, 613
12, 845
29, 890
10, 536
31, 162
12, 166
33, 728
14, 438
34, 161
15, 157
30, 626
11,918
38, 974
16, 557
27, 425
8, 768
27, 850
9, 502
33, 063
13, 977
31,215
12,492
28 003
9. 903
12.8432
••923
121, 100
12.8941
878
120, 500
12. 9386
831
121, 500
12. 9767
865
118.300
13.0127
944
132, 900
13. 0657
885
127, 700
13. 1843
946
142.200
13.2203
862
125. 200
13. 2521
803
119,800
13. 3559
905
130, 400
13. 5559
874
129, 200
1 3. 6462
834
122 100
13. 6780
80ft
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :§
Number of reporting carriers
Operating revenues total
thous of dol
Expenses total
do
Revenue freight carried
thous. of tons
1, 002
609, 769
574, 343
33, 563
1,057
598, 401
574, 547
32, 727
Carriers of passengers (quarterly totals):
166
168
Number of reporting carriers
115,868
102, 976
Operating revenues total
thous. of dol
95. 247
89, 974
Expenses total
. _- do 91, 406
92, 85:-!
Revenue passengers carried
thousands. _
' Revised.
» Preliminary.
^Revisions for 1952 and January 1953 will be shown later.
1 . 053
598 137
605, 884
31,867
165
93, 969
90, 005
84, 726
r
169
78 935
81,034
' 76, 172
r
r
©Including Manchuria beginning January 1952.
operating revenues, $185,132,000; expenses, $184,708,000; revenue freight carried, 25,839,000 tons.
fDatahave been revised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over, revisions prior to August
be shown later.
Digitized forwill
FRASER
SURVEY OF CURRENT BUSINESS
August Ii>"i4
I nle8« otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-23
1954
1953
June
July
August
September
October
Novern- I December
j
ber
February
January
March
April
May
June
TRANSPORTATION AND COMMUNICATIONS—Continued
TR AN SPORT ATION— Continued
Class I Steam Railways
Freight car-loadings (A. A. R.hd*
Total cars
thousands. .
Coal
do
Coke
. do
Forest products
do
Groin and grain products
do
L/ivest ook
do
Ore
do
Merchandise 1 c 1
do
Miscellaneous
do
Freight earloadings (Federal Reserve indexes):
Total unadjusted
1935-39=100.Coal
do.
Coke
do
Forest products
do
Grain and grain products
do. -livestock
do
Ore
do
Merchandise 1 c 1
do
Miscellaneous
do
3,204
540
56
186
2,964
4,022
'267
1, 537
397
50
172
236
25
378
257
678
64
238
254
38
473
347
1,450
133
105
176
151
158
52
328
43
146
National parks, visitors
thousands..
Pullrnan Co.:
Revenue passenger-miles
millions
Passenger revenues
thous. of dol_.
COMMUNICATIONS
Telephone carriers: 9
Station revenues
Tolls, message
Operating expenses, before taxes
Xet operating income
Phones in service, end of month
do
do
do
do
thousands-
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol..
Operating expenses, inch depreciation
do
Net operating revenues ._ ..
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do...
Net operating revenues
_ do
Radiotelegraph:
Operating revenues
.
do
Operating expenses, incl. depreciation.... do
Net operating revenues
do
2, 967
3, 345
2,730
507
37
205
228
38
303
309
439
29
103
214
23
285
235
1,356
1, 718
1,342
105
78
105
126
117
51
51
41
125
108
79
96
127
118
55
88
40
128
114
84
93
133
127
53
224
39
130
110
85
93
132
158
41
117
87
109
133
124
54
222
41
134
112
78
104
126
127
64
177
41
132
111
79
98
127
134
62
136
39
130
112
84
94
128
144
58
130
39
128
111
85
95
127
155
4S
104
38
125
112, 442
22, 045
78, 680
130, 775
136, 335
22 908
120,845
86,150
21,318
98, 605
465
330
22
200
181
6
100,848
802, 534
4,024
2,797
532
49
176
198
40
361
271
668
63
222
279
76
451
43
359
485
47
168
188
47
179
259
155
32
68
236
584
49
175
208
37
80
286
1,930
1, 526
1.980
1,423
1 , 270
1,548
128
94
162
147
166
46
341
42
141
134
112
162
153
142
55
331
44
146
137
114
162
148
147
78
324
45
150
135
110
160
144
157
108
263
45
149
124
104
155
142
137
86
160
43
140
108
97
142
120
112
56
62
38
124
108
100
126
122
124
56
58
38
122
107
87
116
128
122
43
55
40
126
123
94
167
146
138
60
213
42
139
130
112
169
145
131
58
221
44
145
126
114
164
137
131
59
216
43
139
126
110
163
136
157
70
172
44
137
122
104
155
145
140
69
172
42
134
117
97
135
135
119
58
201
40
132
120
100
120
136
124
58
231
39
133
32, 717
2,315
23, 982
3.934
3,400
21,134
11,074
7, 173
2,761
9,715
2,486
1,769
1,710
1,202
3, 546
2, 530
1,609
4,346
3, 326
25, 326
3,381
16, 656
1,388
1, 125
85, 062
17,637
56, 383
1 26, 957
33, 501
79, 358
246
525
953
915
167
925, 949
773, 517
79, 704
924, 754
773, 524
76, 799
689, 467
904, 263
763, 094
66, 111
673, 210
934, 304
794, 329
62, 747
693, 896
130, 122
94, 428
133, 651
131,112
133, 076
96.310
101,636
81, 526
99, 942
80, 493
107,331
71,988
87, 679
53, 746
1. 509
3, 106
57, 490
1.416
2, 965
54, 039
1.470
2, 514
9,943
6, 755
3 188
9, 552
6,702
2 §50
3,236
1,029
7.04
77
' 220
29
369
128
Total adjusted
do
105
Coal
*
do .
179
Coke
do
145
Forest products
do
155
Grain and grain products
do
60
Livestock
do
212
Ore
do.. _
43
Merchandise, 1 c 1
do
142
Miscellaneous
do
Freight-car surplus and shortage, daily average:
25,
302
Car surplus, total
number.
7,511
Box cars
do
7,400
Gondolas and open hoppers
do
4,129
Car shortage total
do
3,111
Box cars
do
673
Gondolas and open hoppers
do
Financial operations:
Operating revenues, total
thous. of dol._ *r 924, 372
776, 269
Freight
-- ..
do
75, 342
Passenger
do
r
688,
967
Operating expenses
do
Tax accruals, joint facility and equipment rents r
135,
741
thous. of dol._
' 99, 664
Net railway operating income
do
79, 232
Vet income t
do
Operating results:
55, 194
Freight carried 1 mile
mil of ton-miles
1.474
Revenue per ton-mile
cents
2,830
passengers carried 1 mile revenue
millions
Waterway Traffic
Clearances, vessels in foreign trade:
9,574
Total U.'S. ports
thous. of net tons..
6, 695
Foreien
... . ...
...do
2 «^7Q
United States.
do
Panama Canal:
3, 265
Total
thous. oflong tons
1, 045
In United States vessels
.
do
Travel
Hotels:
A verage sale per occupied room . _
dollars
Rooms occupied
percent of total
Restaurant sales index
same month 1929=100. _
Foreign travel:
U S citizens' Arrivals
number
Departures
do
\ 1 ion s ' A rri vals *
do
Departures*... - .
-do
2,413
3, 153
730
i r>o
2,462
2,412
2, 445
421
37
158
173
24
63
253
383
34
156
166
28
58
261
378
31
157
162
31
79
253
1,332
1,325
153
119
366
247
20
815.400
661,347
749. 826
74, 531
697, 038
69, 994
626, 806
722, 334
602, 716
57, 437
586, 934
78. 526
58, 960
40. 445
77,917
72,108
90. 440
32 574
17, 594
90, 983
44, 418
21, 545
102,912
57, 276
1.453
2, 367
49, 763
1. 466
2,297
45, 166
1. 520
2,770
46, 107
1.411
2. 635
9,793
6,699
9,388
6,488
8,654
3 093
2 900
5 776
2 878
S, 069
5, 657
o 412
3, 265
1,056
2,934
3.115
1,058
3, 104
1,004
952
6.71
7.44
7. 26
7.49
71
73
76
80
270
239
250
256
83, 504
112, 186
101,430
119,703
50,154
2,439
55, 838
43, 029
36 929
4,004
123, 344
91, 919
56, 963
42, 878
4,040
693
9,120
656
8, 652
627
8,268
386, 901
228, 995
128, 304
388, 856
227, 324
131. 298
267,821
47, 586
42, 956
i;>
261
245
0
23, 609
88, 590
393
375
15
25,5
3S
129
19, 070
50, 783
099
OS1»
(>•
803, o21
000. 029
69 271
611,773
765, 121
638, 974
' 60, 395
616, 844
69 628
48, 864
94, 149
00 041
38 709
89, 3%
58, 8S1
38, 659
98, 504
79, 680
43, 047
1. 459
2,129
46 190
1.509
2 191
45 294
l' 407
9
221
49, 117
1.363
2, 285
7, 692
5, 431
2 262
7, 707
5,373
7, 084
5, 268
8,822
3, 587
1.020
3, 1 59
2, 901
3, 533
777
946
3. 408
7.53
6. 75
0. 96
7.04
71
262
60
243
231
242
116,023
83,717
69, 703
62, 355
41,839
67, 611
50, 160
44, 460
31, 127
64, 038
55, 462
43, 379
35, 332
2, 005
56, 746
52, 454
35, 906
21 303
1,102
434
614
8, 076
644
8, 447
593
7,760
383, 186
225, 723
126, 940
385, 576
228, 827
125, 827
399, 936
234, 531
133. 915
279, 484
43, 386
43, 105
266, 141
46, 779
43, 234
272, 718
44, 997
43, 387
18, 401
15, 802
1,820
17,617
16, 332
528
17, 221
15, 709
816
17, 233
15,477
2,315
1,777
2,344
1,946
333
180
355
2,550
2,533
2,420
2,130
288
2,174
232
2, 139 !
164 !
2,471
2,092
249
39, 496
701,399
832,
702,
61,
657,
363
006
766
496
617,122
674,217
58. 546
629. 993
765, 903
037, 994
59 045
625,337
5, 880
977
3, 475
1 , 038
3, 377
1.031
0. 75
7.43
0.71
7.25
74
73
247
232
251
277
75
2B7
59, 348
04, 303
41.127
26, 556
62, 290
68, 680
34, 617
24, 835
70,011
76,910
44. 905
30, 565
72, 722
87, 138
52, 115
37, 804
290
280
364
395
054
78, 179
91, 220
50, 280
39, 479
50 7~0
1, 190
2, 472
612
8,010
783
10, 278
620
8,151
621
8, 160
570
7. 559
565
7,415
395 803
235, 545
128, 289
410,793
240,455
399 014
238, 752
127. 521
388 373
235,' 457
120, 348
410 977
241.184
136, 479
408 052
241,991
133, 437
411, 182
241, 779
135, 373
276, 315
50, 474
43, 582
271, 313
50, 842
43, 750
289, 333
52, 273
43, 963
271.049
264, 804
48, 323
44, 040
287, 136
48, 277
44, 188
280, 195
50, 51 1
44, 350
279, 732
51. 845
17, 340
15, 543
1, 157
15, 872
14, 570
689
17,991
15,721
15, 795
15, 255
13,873
17,089
14,824
1 , 668
164
593
1 7, 525
1 5, 074
1,628
10,730
14,818
1,070
2,370 ,
2,574
2,609
2,487
2,892
2,480
1,803 i
1,820
1,951
1,836
1 , 946
428
442
704
1,862
522
2 485
1, 839
2,403
2,097
2,711
2, 3X1
220
1 37, 870
969
72
75
50, 38 1
43. 915
390
194
2, 435
2. 166
134
]
44,514
1,442
15, 004
904
2 035
1,898
2 724
1,940
433
731
fOl
539
2 346
2,069
144
o f,47
2,211
311
2 490
2,153
208
2 510
2, 157
222
1
2, 586
2, 168 i
301
9 860
1 ' 876
75
I May 1954 are for 5 weeks; other months>, 4 weeks.
{Revised data for May 1953. $74,415,000.
relate to the arrivals and departures of aliens, by sea and by air, between ports
seamen, military personnel, traffic between continental United States and insular
immigrant aliens only.)
,000,000 or more). However, the smaller num ber of corn punies continues to account
SURVEY OF CURRENT BUSINESS
S-24
I'nless otherwise slated, statistics throujzh
19H2 imd descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August
1953
June
July
September
August
1!>,"4
1954
October
Novem- I 1 December
I
bor
January
Febru-
March
April
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:}
Ammonia, synthetic anhydrous ("commercial)
short tons._
Calcium arsenate (commercial)
do
(Calcium carbide (commercial)
do
Carbon dioxide ISfltiid ga* and solid
do
Chlorine gas
--do
i
!
185, 194
0)
65, 371
77, 859
235, 153
185,515
0)
69, 603
83, 907
241,110
63, 342
62, 463
Hydrochloric acid (100% HC1)
do
822
I^ead arsenate (acid and basic^
do
0)
134,
227
140, 268
Nitric acid (100% HNO?)
do . _ _
2, 035
1,992
Oxygen (hierb nuntv"!
mil. of cu. ft
195, 728
Phosphoric acid (50% H?,PO4)
short tons.. 198, 325
Soda ash, ammonia-soda process (98-100%
408, 351
NajC-OO
-short tons. _ 390, 988
11,414
10,177
Podium bichromate and ehromate
do
277, 495
282,175
Sodium hvdroxide (100% NaOH)....
do
Sodium ^ilicate, soluble silicate glass (anhydrous)
44, 433
41,270
short tons
Sodium sulfate, Glauber's salt and crude salt cake
78,
818
75, 609
short tons..
Rnlfuric acid:
1,163,791
1,155,529
Production (100% HjSO^
do
Price, wholesale, 66°, tanks, at works
22. 35
22. 35
dol. per short ton..
Organic chemicals:
Acetic acid (synthetic -and natural), production
40, 219
48, 871
thotis. of lb_.
74, 568
82, 359
Acetic anhydride nroduction
do ..
1, 117
959
Acetylsalicylic acid (aspirin), production. .do
Alcohol, ethyl:
40, 645
39, 034
Production
thou*3. of proof gal
75, 501
72, 518
Stocks total
dc
In industrial alcohol bonded warehouses
53,812
53, 731
thous. of proof gal __
21.770
18,706
Tn denaturin 0 ' plants
do
36, 557
37, 475
Used for denntnrqtion
do__
2,206
2,106
Withdrawn tax-r»aid
do
Alcohol, denatured:
20, 126 0 19, 649
Production
thcus. of wine sral
23,311 - 20, 890
Consumption (withdrawals)
do
6,844
° 5, 575
Stocks
do-_13, 570
11,448
Creosote oil. production
thous. of gal..
8, 200
7,343
Fthvl acetate (85%). nroduction
thous. o f l b . .
Glveerin, refined (100% basis):
His'h sranty and yellow distilled:
7, 653
5, 151
Production
do
6, 265
6, 037
Consumption
do .
17,
999
16,
591
Stocks
do
Chomicnllv pure:
12,234
10,747
Production
do _
9,021
8, 536
25, 774
25, 580
Stocks
do _
Methanol, production:
189
146
Natural (100%)t
._thous. of gal. _
12,683
14, 326
Synthetic (100%^
do
18,059
20,
375
Phfhalic anhydride, production
thous. of lb_.
193,932 i
0)
66, 498
82, 948
238, 619
195, 484
0)
64, 860
73, 793
228, 826
198, 556
0
65, 562
58,615
239, 360
194,886
63,425 !
0 i
144, 624
2. 125
214, 732
64, 936
0
145, 824
2, 034
202, 463
!
414,642
10,273 i
274,676 !
395, 896
8. 363
260, 747
44, 436
48, 050
64, 740
77, 869
78, 067
81,479
1,131,309
1,115,524
1,210,900
22. 35
22 35
22. 35
22 35
22. 35
22 35
22. 35
22. 35
22. 35
22. 35
44, 546
75, 406
1,111
40, 595
72, 051
1,071
36, 579
62, 567
1,298
36,515
49, 075
1,056
' 40, 132
51,786
987
38, 979
51,863
1,105
28 804
47, 823
1,213
39,012
48, 469
1,192
37,113
52 S36
1.337
30, 278
53, 336
1, 072
31,934
71,878
28, 995
65, 274
29, 033
58, 565
30, 245
56.514
26 312
54, 152
27,112
51.403
23,912
47, 590
32, 594
46, 976
35, 465
44,347
36. 521
46,531
37, 268
51,132
50, 364
21 , 51 4
35. 316
1,944
47, 978
17,296
33, 538
2,218
41,108
17,457
34, 685
1,538
38, 322
18,192
31,583
1,194
35, 762
18, 390
27, 880
962
33, 204
1 8, 1 99
28, 1 22
982
28. 138
19, 452
26,171
1.113
26,183
20, 794
33, 6(54
978
24, 978
19,368
33, 676
644
25. 850
20'. 681
32, 636
725
30, 779
20, 353
32. 357
835
19,0*8
17,861
6, 803
13, 683
4,995
18, 083
18,317
6, 552
12, 272
7,356
18, 781
17, 109
8, 230
12,114
6, 478
17, 057
16. 580
8 702
13, 533
5, 165
15,149
17.451
6, 412
11,485
5, 859
15,213
16, 21 1f '
5, 4?
10, 208
5, 909
14,171
13, 332
6, 603
9, 852
3, 018
18, 176
17. 206
7, 637
14.792
6, 000
18, 172
18, 430
7, 377
15, 750
7, 849
17, 574
17, 582
7, 377
15, 417
6,436
17,511
1 7, 394
7. 4X3
5, 23*5
6,400
15, 834
7, 783
6, 498
16, 529
6, 103
6, 883
15. 384
7. 135
6i 136
16,712
5, 798
5, 630
17, 259
6, 325
5, 820
17.464
6, 675
5, 756
18, 294
6,804
5, 576
19,084
5,013
6, 401
18, 422
5, 475
6, 685
18, 775
5, 985
6.169
19.201
12,797
8,899
25,813
11,322
8,877
24, 605
15, 966
9,618
26, 142
11,203
8, 558
25. 144
15,142
8,718
27, 689
12,743
8, 706
28,645
11,238
8,809
27, 986
14,099 •
9, 647
28.941
13,113
9,229
29. 259
11.654
8,418
27, 120
1 1, 023
9. 1 93
27. 161
165
13, 861
19, 659
139
13, 603
18,459
126
13, 941
16, 235
173
13, 973
18, 84H
165
14,151
19. 133
164
12, 459
21,409
169
12,063
19.215
172
14,580
20, 277
170
14,079
23, 258
166
12, 905
20,233
61 , 201
48. 238
227, 830
199. 907
(')
65, 499
48, 269
227. 040
209, 972
(0
65, 321
45, 521
227, 955
206, 358
(')
53, 554
46, 564
206, 337
237, 535
0)
65, 072
50, 648
234, 640
232, 246
0)
60, 295
<• 58, 934
231,336
249, 837
0)
59, 984
r 6\ 720
247, 890
216 7v.
0)
56. 544
66, 494
0)
159,421
2.114
222, 797
64, 029
(')
157,485
1 . 933
204, 545
62. 806
278
164, 122
1 , 891
196,946
62,362
1,026
161,134
1.908
248, 636
57, 666
1,063
1 52, 456
1, 765
234, 740
62, 396
1,084
155, 156
1, 863
264, 625
61,351
1,539
US, 261
1,742
264. 979
- 63, 270
1. 055
1 57, 705
1,823
r
233, OS6
60, 122
323
119.38:-!
1 , 76*
240, 342
408, 829
8. 580
276, 413
394.015
7, 954
262, 1 1 9
378. 658
7. 752
260. 651
371,622
8,126
267, 083
370,311
7,810
240, 529
424,112
8, 525
278, 210
404, 856
r
9, 294
276, 481
413, 26S
9 53(1
287, 773
378, 233
8, 9»>*
289. 484
52. 489
43, 957
46, 608
45, 184
58, 458
49, 144
54, 730
50, 383
79, 857
72, 868
71,468
70. 615
70. 787
64, 569
65, 409
62. 7s">
(n
1,207,586 1,166,096
1,182,419 1,092,447
r
1,223,936 '1,193,680
r
242! 928
1.178,073 1, 128. sr.s
f 22. 3"»
FERTILIZERS
Consumption (12 States) §
Exports total J
Nitrogenous materials
Phosnhate materialst
Potash materials
thous. of short tons..
short tons
do
do
do
Import* 3 r total f
do
Nitro< enous materials, total
do
NTitrnte of soda
do
Phosphate materialst
- -- -- - d o
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses -- --dol. per short ton
Potash deliveries
short tons
Supernhosnhate (100% A.P.AOd"
Production
short tons
Stocks end of month
do
426
311,892
7, 367
295.012
5, 463
202
272, 139
6, 425
254, 557
5. 507
2228
296, 632
5,484
277, 369
6, 913
3304
237,215
5, 063
212.130
7, 958
2
429
307, 471
15,029
274, 173
6. 967
- 362
248,717
7, 023
223, 31 0
6. 831
2 399
302. 1 67
38, 206
252. 284
7'. 325
-512
211,682
25, 205
180,810
4, 590
2
1,111
197, 702
40, 160
148, 378
6, 519
2
1 , 772
273, 388
16, 766
242, 731
10, 444
2
1,717
239, 183
13.292
209. 516
10 057
-' 974
310. 071
6, 966
292, 538
8 5"?6
244, 935
200, 676
86, 555
10, 978
10, 423
168 940
132. 082
19. 489
8,434
14,686
166, 587
133, 866
22, 949
8,694
9,288
179,010
139, 272
7, 561
7,813
10, 732
207, 352
142, 088
0
19,907
21,597
152.784
112,153
39, 832
8. 783
18.320
183, 501
143.309
45, 769
9, 55!'
•20, 864
242, 713
204, 033
65, 277
13,062
11,271
252, 607
207, 263
44, 464
10, 909
13, 324
338, 283
259, 781
89, 083
3 725
33, 633
338, 161
243. 103
85, 533
14. 80S
38, 073
250. 103
179, 594
67, 517
20, 591
8. 079
57. 00
108, 479
57. 00
130, 815
57. 00
1 33, 370
53. 00
1:52, 228
53. 00
117, 9S2
53. 00
123.«:tt
53. 00
125,933
53. 00
155.231
53. 00
196, 283
53. 00
261.059
53. 00
221, 146
53. 00
117,975
f 53. 00
80,319
168,664
224, 185
155, 831
241, 028
165, 429
253, 737
164, 870
257, 903
172, 830
257, 069
161,878
274, 533
173.7-17
290, 794
183,643
306, 774
187, 464
286, 325
227. 694
234, 936
21 6, 618
' 185, 090
182, 637
198, 809
165, 9(>9
247, 63X
r
N A V A L STORES
Rosin (gum and wood):
Production, semiannual total
drums (5201b.)
817,950
927,010
828 080
Stocks end of period
do
911 120
Price, gum, wholesale, "WG" grade (N. Y.)
9. 00
*v 75
8.35
8.45
9. 00
8.85
8.60
9.00
8.70
9. 00
dol. per lOOlb..
8.75
8.75
i' 8. 65
Turpentine (gum and wood):
Production, semiannual total
bbl. (50 gal.)
297, 270
240, 580
213. 770
196 910 i
Stocks, end of period
do
.59
. 59
. 61
.59 i
.59 !
.59
Price, spirits, wholesale (N. Y.)
dol. pergaL.
.59
.61
.60 !
.60 !
.60
. 60
p . (',0
r
l
2
Revised.
f Preliminary.
Not available for publication.
Data for 10 States, excluding Indiana and Missouri.
JRevisi ms for 1952 (also 1951 for ammonia and hvdrochloric acid) will be shown later.
§^tat/>s reores-mt'V.l are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee. Arkansas, Louisiana, Texas, Oklahoma; prior to August 1953, also Indiana and Mi ssouri.
According to r part a rlv reports from Virginia an' < semiannual reports from Kentuck v, consumption in those States is as follows (thous. short tons) : ^ *iryinna—l$52 — July-September. 90; Oc toberDecember, 100; 1953— January- March, 319; April-June, 322: July-September, 79; October-December, 80; 1954— January-March, 305; Kentucky— 1952— July I )pcombef, 225' 1953— January -June
453.
*
'
'
cf Prior to the October 1953 SURVEY, data were shown in short tons of 18% A. P. A. (available phosphoric acid).
« Revisions for July 1952 (units as above): Production, 19,047; consumption, 17,456; stocks, 9,126.
SURVEY OF CURRENT BUSINESS
August 11*54
3-25
1953
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
August
September
19 54
October
Novem- j December
i
ber
January
February
March
April
May
June
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder ._
thous. of lb__
High explosives
do
Sulfur:
Production
..thous. of long tons. _
Si ocks
do
503
64, 765
579
61,167
754
68, 135
918
07, 850
1,000
70, 924
971
62, 886
1, 027
54, 621
1 , 061
52, 752
1,035
55, 303
941
54, 756
931
55, 918
786
55, 330
58 489
419
2,920
424
2,960
451
3,037
416
3,059
431
3,057
370
3, 023
'437
3,022
469
3, 090
437
3,170
472
3,239
445
3, 190
4f.5
3 193
3 20H
364, 171
'128, 876
264, 848
354, 916
124,832
269, 246
310, 169
118,886
262, 682
304, 763
119 467
262, 393
309, 102
108 631
245, 855
541
455
F4TS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production!
Consumption factory
Stocks, end of month
Greases:
Production
thous. of lb._
do
do
do
Stocks end of month
-do
Fish oils:
Production!
do
Consumption factory
do
Stocks end of month
..do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production crude J
mil. o f l b _ .
Consumption crude factory!
do
Stocks, end of'month:!
Crude
do
Refined
-do
T
292, 573
'•116,748 ' 101, 664
413, 191
380,414
Ir
301,575
1
1r
1r
r
r
46, 873
51, 571
32, 721 ' 24, 062
106, 866
99, 715
277, 578
107, 680
318, 383
r
T
283, 239
121, 964
280, 903
r
r
r
'45, 885
31 975
103. 388
r
335, 478
135, 646
240, 836
r
r
363, 503
129, 803
252, 586
r
T
309, 854 ' 325, 234
133,470
123 883
268, 342
257, 901
44, 435
r 30 420
102, 327
' 43, 678
91, 557
,S2, 507
T 36 026
86, 410
T
49, 098
'" 29 540
81, 970
49, 251
27 084
83, 322
47, 667
29 878
74, 698
46, 502
31 977
72, 430
47, 681
28 431
64, 371
49. 641
22 606
69,182
46 879
28 834
68 925
30, 052
12, 035
90, 397
15, 939
12, 762
92, 126
2, 933
11,138
79. 383
5 296
9 302
72,711
840
9,070
68, 768
371
9 171
46, 297
358
10, 697
41, 170
2,066
13, 768
37, 253
8 317
11,047
34, 753
19 164
11 407
44, 101
451
476
'614
r
560
'592
r
572
' 596
r 546
595
537
545
523
542
556
475
521
429
495
382
445
1, 142
r 36 801
18,087
10, 672
46, 797
27, 357
11,148
51, 287
28, 839
10, 246
74, 408
369
'446
322
'378
379
'426
985
1,095
970
1,077
••928
1,052
925
1, 050
'961
' 1. 084
'947
' 1, 149
'r 1 , 005
1,260
1,025
1.323
995
1 337
985
1,323
911
1,307
'793
1,223
24, 499
30,146
2,826
27, 320
18, 622
32, 396
2,193
30, 203
34. 728
33, 438
2,028
31,410
57, 676
38, 229
8, 186
30, 043
80. 988
44, 439
7 453
36 986
41,846
29, 458
3,816
25, 642
83,113
21,315
2 746
18 569
119,801
24, 502
1 368
23 134
78, 866
43, 053
9,017
34, 036
109. 314
28, 821
1 410
27,411
28, 337
72, 839
29, 498
17, 895
37, 371
33, 743
16, 198
29, 423
27, 497
13. 272
25 371
27, 066
12 504
27 274
30, 074
15,715
34 128
23 030
15 130
26 476
29, 646
12 569
26 231
27, 480
8,181
19 201
27, 590
10 433
27 726
29 949
14 877
35, 997
31, 411
37, 129
31, 763
43, 066
28, 843
35, 028
25, 938
35 294
26, 569
38, 337
27 982
29 498
26 618
38 415
37, 407
35, 863
32, 939
35 481
30, 122
38 165
32, 263
46, 930
27, 356
42,633
23, 010
42, 755
22 369
43, 428
22, 544
45 550
27 788
57, 539
33 455
50, 243
30 309
46, 730
27 072
48, 879
28 659
19, 163
15, 915
Exports
thous. oflb,_
89, 294
34, 838
Imports, total!
.
do
1,194
2,644
Paint oils
do
33, 644
36, 650
All other vegetable oils!
do
Copra:
23, 958
29, 421
Consumption, factory _
short tons__
15, 997
14,416
Stocks end of month
do
22, 263
25, 243
Imports
do
Coconut or copra oil:
Production:
31, 280
37, 590
Crude
thous. of Ib
26, 372
Refined
do ... 29, 970
Consumption, factory:
1
' 45, 358 ' 39, 210
Crude
do
22, 478
27, 053
Refined
do
Stocks, end of month:
41,113
41, 803
Crude
do__
8,732
7, 723
Refined
do
8,013
7,079
Imports
do
Cottonseed:!
144
113
Receipts at mills ._
thous. of short tons. .
155
!208
Consumption (crush)
do
155
U97
Stocks at mills, end of month
do
Cottonseed cake and meal:!
1
75, 673
99, 667
Production
.
_
short tons__
' 122, 619 91, 549
Stocks at mills, end of month §
do
Cottonseed oil, crude:!
55, 418
i 74, 529
Production
thous. of Ib
42, 451
i 56, 418
Stocks, end of month
do
Cottonseed oil, refined:
67, 740
i 96, 142
Production!
do
68, 663
75,610
Consumption factory!
do
15, 664
19, 744
In margarine!
do
928, 561
935, 273
Stocks, end of month §!
..
do
.220
.233
Price, wholesale, drums (N. Y.)._.dol. per lb_.
Flaxseed:
Production (crop estimate)
__thous. of bu
Oil mills:
1,609
1,311
Consumption
do
2,064
1,449
Stocks, end of month
do
3.50
3.65
Price, wholesale. No. 1 (Minn.)
dol. per bu_.
Linseed oil, raw:
26, 764
31, 975
Production
thous. of Ib
45, 511
41,131
C onsumption , factory
do
575, 613
588, 812
Stocks at factory, end of month!
do
.138
.145
Price, wholesale (Minneapolis)
dol. per lb__
Soybeans:
Production (crop estimate)
thous. of bu._
16, 338
17, 291
Consumption, factory ..
do
18, 865
26, 905
Stocks, end of month
do
Soybean oil:
Production:
Crude
thous. of lb__ 190, 086 179, 503
185, 566 r 155, 987
Refined
do
lr
156, 262
166, 940
Consumption, factory, refined!-do
Stocks, end of month:
176,495
166, 767
Crude
._ _
do
93, 779
106, 456
Refined!
do
.208
.208
Price, wholesale, refined (N. Y.)___dol. per lb._
r
r
r
•• 45, 682
27,318
' 47, 583
29, 108
37, 393
9,019
11, 774
46, 250
9,540
10, 975
53, 116
11, 260
12, 258
54, 809
13, 650
17, 550
66 970
13, 843
15 868
69, 403
16, 249
13, 625
60 680
10, 691
6 709
49 372
10, 625
7 051
45, 345
8,884
1 4, 648
43 216
10. 437
9 741
44 313
10,950
276
182
250
1,323
510
1,064
' 1, 857
778
' 2, 143
' 1, 393
763
' 2, 773
810
718
2,865
237
712
2,390
113
624
1 879
50
598
1,332
28
470
891
°2
356
n56
21
270
307
86, 379
69, 948
241, 458
112, 687
371,321
163, 838
361, 549
163, 022
340, 919
109 700
334, 973
109, 229
294, 423
146 087
278,124
167 313
219, 851
177 739
161,713
193 472
126 729
198 062
57, 397
37, 830
157, 634
89, 090
251, 701
134, 001
249, 924
143, 804
232, 230
148. 742
234, 465
183, 105
207 447
184, 165
200 632
184, 799
161 955
129, 705
124 212
84. 728
94 884
54,013
59, 998
83, 622
16. 724
918, 585
.206
97, 992
89, 270
18,144
927, 026
.190
179, 751
221, 226
133, 253
151,011
29, 477
30, 204
966, 498 1, 016, 037
.204
.211
151 578
174 462
33 425
061 214
.213
106 431
139 760
27 384
987 614
v .224
' 209 548 183,279
197 063
188 791
178 107
131 421
176 95Q
135 286
167 032
141 894
3,5, 31 4
30 952
38 113
34 600
38 165
1,109,455 1,152,554 1, 177 790 1,160,736 1,147,144 1
.201
. 213
.206
.193
.203
2
2,452
1, 943
3.85
2,200
1,738
3.56
' 2, 627
4,720
3.88
' 2, 547
5,164
3.93
r
18, 684
7,613
161, 242
82, 103
. 166
r
173, 756
212, 568
219, 116
105, 352
69, 052
.170
T
9 266
•> 3^3
3.93
1 954
1 359
3.92
2 079
596
3. 99
50 359
2 248
993
3. 88
44 419
36 362
466, 099
. 145
38 784
37 349
438, 266
.141
40 343
35 141
375, 137
' .142
20 778
54, 485
18 873
56, 948
19 252
52, 297
17 649
43, 209
17 545
33, 454
15 437
24, 598
229, 966
219, 304
228, 433
226, 320
192, 662 ' 180 481 191 788
214,418
219, 229 ' 188, 649 '174 446
174, 010
208, 706
186 529
181 253
213, 372
188 570
183 214
194, 526
180 911
187 113
193, 327
186 097
182 924
171,614
175 831
180*938
138 111
95 000
.185
140 958
98* 466
!l94
142 208
98 429
!204
^97 ^99
103 331
.204
114 14l>
%' 919
» . 209
21, 284
61, 401
15, 652
16, 631
2 519
3 183
3.89
50 439
32 012
464, 289
.140
2
208, 660
200, 180
192, 613
3
36 813
2 687
' 2 946
4,173
4 467
4.00
4.02
r
52, 411 ' 50, 558 r 57 831
48, 842
52, 087
T
'42, 288 ' 37, 962 36 434
45, 690
42, 280
558, 139 ' 559, 631 ' 535, 722 ' 521, 297 481, 025
.160
.156
.160
.148
.153
43, 904
49, 644
562, 033
.142
r
709
87, 907
62, 353
.188
20,284
61, 710
88 437
74, 423
.196
262 341
20 758
58, 531
122 021
' 82. 193
.197
142 947
99, 466
.192
44 293
39 263
331,862
p . 153
tion, 663, 554; 484: stocks, 1,855; 1,405; 963: cottonseed cake and meal (January-March)—production, 314,129: 264,266; 233,813; stocks, 195,156; 212,088; 210,512; cottonseed oil, crude (January-March1production, 211,728; 182,276; 167,121; stocks, 181,930; 171,106; 150,273; cottonseed
oil, refined—production (January), 192,790; soybean oil—factory consumption, 196,045; 176,087; 191,095; 183,1093
163,563; stocks, refined (January), 87,465.
2 December 1 estimate.
July 1 estimate.
! Revisions for 1952 will be shown later.
§ Includes stocks owned by the Commodity Credit Corporation (beginning May 1953 for cake and meal and beginning 1952 for refined oil).
SURVEY OF CUEKENT BUSINESS
S-26
August 1954
19£>4
1953
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
•July
Septemb,-r
August
October
December
Novem-
January
February
March
April
May
June
124, 242
26, 516
116, 538
23, 867
118,586
21,219
102, 844
25, 462
90, 334
24, 643
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS. OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts — Con.
Margarine:
Production d"
thous. of 1 b
Stocks (factory and warehouse) d*
do
Price, wholesale, vegetable, colored, delivered
(eastern IT. S.)
'.
dol. per lb._
Shortening:
Production
thous. of lb.
Stocks end of month
do
103, 203
20, 246
89, 753
23, 366
96, 053
18, 372
114 574
19, 350
136 217
16,382
107 419
22, 021
107 291
21, 779
131 959
23, 393
.274
.274
.274
.264
.264
.283
.283
.283
.273
.273
.273
.283
p . 283
106, 815
126, 538
105, 858
113, 700
130, 906
100, 911
152, 322
89, 440
172,988
84, 703
191, 747
75. 793
139, 943
93 926
132, 504
92 000
155, 909
93, 443
178, 279
88, 576
180, 323
83,881
177, 934
96, 309
151, 717
115,786
thous. of dol._
- do
do -
133, 275
50, 970
82, 305
124, 953
48, 641
76,312
121, 687
47, 970
73, 717
119, 213
45, 793
73, 420
116,432
46, 734
69. 698
98, 539
40, 709
57 830
92, 557
40, 217
52, 340
104, 632
39, 877
64 755
100, 013
39, 915
60, 098
117,808
46, 792
71,016
124, 629
46, 778
77, 851
123, 071
' 45, 275
' 77, 796
131,870
46, 502
85, 368
SYNTHETIC PLASTICS A N D RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous. of lb _
Molding and extrusion materials
do
Nitrocellulose sheets rods and tubes
do
Other cellulose plastics
do
3, 590
6, 770
691
594
2, 717
5, 349
522
476
2, 848
6, 259
597
449
3, 387
7, 393
644
427
3. 664
7,478
650
441
2 999
5 803
633
401
3, 483
6, 226
631
486
2 747
5 367
' 563
412
2,816
5 168
598
486
3,301
6 257
662
524
2,716
6. 478
554
428
2. 812
5, 370
483
401
32. 362
32 399
13, 745
40, 392
3J, 42(1
10.550
19, 176
35. 299
38 679
16 3-17
43, 592
28 809
38 266
32 807
17 010
40, 381
°8 548
8, 375
22, 055
35 895
98 717
17*635
41,170
31 92°
10. 161
24. 970
'#> 348
95 jfio
1 7 839
39 129
27 693
9 627
?6 351
30 265
25 908
16 955
37, 357
30 673
9 543
26. 099
849
941
646
636
475
661
535
99 987
33 376
19 148
39*810
2« 5S7
1 1*21 5
25 134
35
37
19
46
3^
10
26,
31,567
36 889
17 892
43, 413
31 055
11.473
25, 448
32, 805
35 039
18 630
42. 163
30, 1 52
12. 138
25, 496
45, 118
39, 083
30, 404
r 8 679
45,478
39,423
30,524
H, 899
10, 887
35,211
26,647
8, 564
45, 166
38, 918
28, 998
9, 921
42 857
36 835 :
26
9 910 '
43,529 j
37,429 i
27.079 '
10,350 ;
33,
5.
6,
5,
33, 227
f), 196
6, 055
5, 664
391
29. 478
5 , 733
5, 076
5. 291
385
32, 719
6, 199
6, 247
5, 781
467
30 913
5 923
6. 021
5, 573
448
31.007
32.535
6,422
6,366
6, 100 i
0, 074
5.672 : 5.681
427
393
PAINTS, VARNISH. AND LACQUER §
Factory shipments, total
Industrial sales
Trade sales
Phenolic and other tar acid resins
Polystyrene
T^re'i and melamine resins
Vinvl resins
\lkyd resins
Rosin modifications
Miscpllpneoii" resins
-
r
37, 633
36, 013
19, 442
44, 884
32, 600
8,480
23, 870
do
do
do
do
do
do
do
9, 3911
19 26.8
30
30
17
40
28
9
24
421
252
958
303
796
855
381
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
Bv water power
do
Privately and publicly owned utilities
mil. of kw.-hr_.
Other producers
do
Industrial establishments total
do
r
r
r
42, 899
36, 977
27, 871
r
9, 107
r
r
r
43. 9iv3
38, 070
29. 300
' 8 770
r
44,
T
38,
r
30,
T
r
3 1.432
r
5, 546
r
r
387
32, 221
r
5, 849
r ,5 923
r
5,r 590
333
31,503
31,989
33, 001 |
32 735 !
5, 719
16, 131
394
7. 389
800
251
764
6, 068
15, 981
380
7,479
1,006
259
764
52
6, 253
16^ 553
371
546
1, 180
284
758
56
i
i
j
;
i
j
;
i
f, 191 |
16, 286
5,917
16, 178
393
309
757 :
52 ;
553, 129
562, 032
573. 651
;
575, 2S8 i
r 5 535
By water power
- _
do
Sales to ultimate customers, total (Edison Electric
Institute) J
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
Rrnl (d'stinet rural rates)
do
Street and highway lighting
do
Other rmblic authorities
... - _ - . . - do...
Interdepartmental
-do
Revenue from sales to ultimate customers (Edison
Electric Institute)!
thous. of dol
r
554
534
!
l
080 ;
8 455
'•
r
42
r
37,
r
43, 820
37, 658
30.
4J'0
r
7 108
"42.374
i
r
3(5,429
r
29, 454 :
T ,5 97,5 |
r
r
r
32. 259
5 , 399
6, 162
r
284
;
'31.1S7
r
5, 242 l
r
5. 9 to !
" 5, 665 '
2M) |
32,350
31.919 :
33,040
34,235 '
33,112 i
33,032
32, 885 ;...
870
345
768
46
5, 785
15.668
401
8.248
645
367
762
43
5. 927
15,765
445
9,104
584
394
778
43
6 104 i
15. 66S !
459
10, 163
612
395
7S7
47
5 <K)2
15,294
399
9, 719
6()6 i1
352
792
js
5 794
15 734 ;
439
9,239
663 '
342
768 :
53 j
5 802 !
!5 865
397
S 942
756
311
763
49
572,424
571.296
589,705
611,624 1
r
914
028
2 9 440
5KS
r
r
32. 350 : '31 282
r (), 184
746 i
r
O , 020
886 1
r
5, 739 ! T 5. 611
275 '
T 281 |
369 i
651
I , 120 i
r
r
r
r
.'),879
7,833
i
]
!
:
i
1
i
;
:
r
T
r
497
587
035
668
366
r
596,954
589,223
:
;
i
i
i
44,975
38,901
29,315
9.586
585 598 --.
GAS
Manufactured and mixed gas (quarterly) :J
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-heatineO
. do
Industrial and commercial
do
Natural gas (quarterly) :J
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
6, 508
6, 049
455
813
485
319
111, 643
78, 965
31,899
6 434
5 982
450
539
263
9
i
|
j
i
:
524, 442
280,128
232 779
371
5 971
5 533 i
436 i
1 121 i
793
319
148 544
111 142 i:
36 608
i
i
i
939 !
'
!
!
107, 700
76, 534
30, 416
!
1
;
i
!
:
20 667
19 003
1 640
14 099
4, 021
9.114
80. 574
54 049
19
18
1
10
;
(i, 113
5, 668
442
759
463
°87
:
68
19, 721
18,138
1,562
12, 606
3, 510
8, 541
j
i
849
310
51 S
502
1, 435
8. 405
148 604
•>l(l 248
:
:
597 998
325. 31)6
'?55 373
I
i
21
19
1
17
7
9
006
';)96
684
9^1
675
594
!
•
i
!
•
881 043 •
561 557
303 4?3 :
Revised.
» Preliminary,
cf Revisions for production (September 1951-September 1952) ami for stocks (December 1951-Septomber 1952) will be shown later.
§Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
tRevisions for January-May 1953, respectively, for electric-power product ion (mil. k\v.-hr.) : Total production — 42,698; 39,131; 43,073; 41,540; 42,055; electric utilities, total— 36 ,676; 33,560; 36,986;
35,641; 36,021; by fuels— 27,411; 24.562; 26,772; 25,924; 25.725; by water power—- 9,265; 8,998; 10.214; 9,717; HJ,29~; nrivatelv and nublicly owned— 3M32- 28 386; 31, 261; 30,255; 30.335: ether nroclucers—
SURVEY OF CURRENT BUSINESS
August 1954
S-27
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
August
1954
September
November
October
December
January
February
March
April
May
June
8,556
7, 239
11, 541
9, 547
8,646
11,846
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
9,905
9,458
8,339
8,767
Production
-thous. of bbl.9,210
8,905
8,097
8, 757
Tax-paid withdrawals.
.-do
11,104
11,058
10, 013
11, 005
Stocks, end of month
-...do
Distilled spirits:
7,282
11, 469
Production,
thous. of tax gal..
Consumption, apparent, for beverage purposes
14,306
14,024
14,685
16, 341
thous. of wine gal..
9,735
9,371
12, 633
10,838
Tax-paid withdrawals.
thous. of tax gal..
878, 764
873, 616
881,813
867,166
Stacks, end of monthdo
1,521
1,594
1, 490
2,159
Imports ....
.thous. of proof gal..
Whisky:
5,680
3,974
7,674
7, 263
Production
-thous. of tax gal..
4,793
5,241
5,499
7,301
Tax-paid withdrawals
do
729, 729
725,979 ! 722,169
730, 919
Stocks, end of month
--do
1,415
1,465
1,350 i
1,970
Imports
... thous. of proof gal.. j
Rectified spirits and wines, production, total § t
i
6,902
6,248
8, 051
8,930
thous. of proof gal..i
5,636
5,171
6, 733
7,740
Whisky.,
do....j
Wines and distilling materials:
{
Sparkling wines:
i
82 1
148
106
Production J
thous. of wine gal..!
67 i
95 l
97
131
Tax-paid withdrawals J
do
;
1,435
i
1,427
1,416
1,448
!
Stocks, end of montht-,-do....|
31 !
46
30 |
45
Imports
--.-_---—
,
do—. j
Stil! wines:
j
876 i
1,679 i 17, 237
1,126 I
Productiont-.-..do
J
7,098 i
8, 576
9,804 |
10, 979
Tax-paid withdrawals:^.,
do
1
152,280 ! 143, 810
149, 723
Stocks, end of month t
,_..
...do
1 158,739
409
i
325
425
453
!
Imports
do
j
1,839 ;
4,020
674 !
44, 669
Distilling materials produced at wineriest-.do
\
D A I R Y PRODUCTS
5, 649
5,644
9,830
28,896
19, 754
15, 930
14. 405
16, 387
14,636
13, 876
13, 905
18, 731
17, 257
861,353
2,967
19, 465
16,690
857, 234
2, 743
22, 805
10, 479
859, 297
2,207
12,671
10,156
862, 917
1,456
15, 736
12, 718
864,231
1,529
14, 519
12,029
864,016
1,694
15, 365
11,853
864,004
1, 520
12,143
864,343
10,094
9,406
718, 330
2, 773
9,435
9,102
715,087
2, 524
9,270
5, 982
716,439
1,990
9, 020
5, 315
718, 413
1,328
10,029
6,272
718,516
1,395
9, 862
5, 998
718, 726
1, 551
9,139
5, 732
720, 713
,n
11, 470
9,964
10, 668
9, 455
6, 885
5, 850
5, 745
4, 834
7,400
6,349
I
6, 605 !
5,823 i
9, 579
5, 748
719, 567
1,388
6, 851
5, 996
7,091
6,126
96
174
1,320
64
76
197
1,186
88
81
198
1,052
121
233
69
1, 217
147
81
1, 272
28
109
74
1, 297
44
223
95
1,418
44 I
64,847
12, 819
206, 868
500
128, 626
20.755
12, 440
214,956
699
35, 234
4,148
12,966
202, 631
707
4,971
1,286
10,038
179,769
322
1,556
I
1,477
12, 353
I
I
i
170,754
404
1,112 !
9,8^1 !
150,766 '
2,128
1,403
10,443
159, 755
582
486
92, 375
311,574
. 682
90, 765 | 108, 240
290, 598
281, 702
.676
.666
118,465
115,910
291, 047
304, 233
.659 i
.658
142,295
346, 542
.651
141,305
375,584
. 583
87, 775
61, 505
448,787
416,095
3, 602
82,390 j 91, 175
56.230
63. 225
432,325
432, 008
401,168
400,983
7,186 [
5, 860
97,190
115, 555
70, 810
86, 575
424.657
450,299
396,344 | 426,049
3,162
4,163
126,930
97, 400
487, 209
460,566
4, 851
I
j
B u t t e r , creamery:
!
Production (factory)t
---thous. o f l b . _ |
Stocks, cold storage, end of month..
do....|
Price, wholesale, 92-score (New York) ..dol. per lb..j
Cheese:
;
Production (factory), totalt
thous. o f l b . .
American, whole milkj
,
do
Stocks, cold storage, end of month, total... do
American, whole milk
.
.
__do___.
Im ports
.
... -do....
Price, wholesale, American, single daisies (Chicago)
....
dol. perlb..
Condensed and evaporated milk:
Production , case goods:*
Condensed (sweetened).-.
,,thous. of l b _ _
E vaporated (unsweetened)
.. do.«.,
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
„. .thous. of lb_.
Evaporated (unsweetened)
.do
Exports:
Condensed (sweetened)
„. _ _
_. .do
Evaporated (unsweetened)
...___.do
Price, wholesale. U. 8. average:
Evaporated (unsweetened)-.
dol. per case..
Fluid milk:
Production t
—rnil. oflb. -|
Utilization in mfd. dairy products
do.
Price, dealers', standard grade
dol. per 100lb_.
Dry rnilk:
Production:!
Dry whole milk....
-thous. oflb..
Nonfat dry milk solids (human food)
do .
Stocks, manufacturers', end of month:
1
Dry whole milk
.
...do
Nonfat dry milk solids (human food)- ...do_-_.
Exports:
Dry whole milk
do_.._
Nonfnt dry milk solids (human food)
do....
Price, wholesale, nonfat dry milk solids (human
food), U. S, average
.....
dol. perlb..
7,606
6,941
10,091
157,010 I 138,085
119,645 | 96,730
257,447 i 309,894 j 334,853 I 323,077
.656 I
.656 1
.661 !
.670
151,415 I
121,645 1 r
373,855 I
339,812 |
4,183 !
.406
128, 460
102, 000
420, 280
385,445
2,121 I
114,330
88, 730
445, 575
410,733
2,824
97, 500
72, 450
460, 488
426, 383
5, 540
!
,405
.407
.405
!
5, 954
6,176
9, 223
I
. 424
2, 300
170, 000
3, 000
162, 200
3,175 i
1,800
152,500 | 155,700
7,041 I
9,579 !
511,683 1
475,333
6.066 >
524,007 i
5, 123
481, 196
5, 248
410, 255
539 |
14,848 I
2,916 |
11,957 !
937 i
10,449 j
1,085
13, 997
658
11,337
6,047
4, 897
339,808 i 262, 913
128 |
747
14.427
6,119
5.81 |
5.79
12, 449
5,492
4.87
11,603
4,742
4.99
10,624 !
5.05 !
9, 306
3,374
5.15
8, 878
3,174
5. 20
9,375 !
144,300 i
10, 050
114, 750
10,050 !
91,900 i
8, 620
67, 050
9, 000
65,150
8,420
68, 290
14, 428
156,892
13, 560
131, 826
14,110
114,632
11, 512
84, 421
11,716
67, 925
2,920
5,131
4,378
14, 323
6, 105
7,801
3,648
3, 676
3, 014
4, 854
.147
.146
.146
. 147
.149
655
306
279
128
509
Iso
r
709
7,886
3,717
27, 485
r
23 i
.415
2,390 ;
228,500 i
4,146 i
13,120
7,949
7,011
10, 680
494 i
593
i
i
2,710 i
3,775 !
327,900 ! 262,400 i
j
5,909 ! 7,918
5,434 |
6.607
9, 605
10,406
2, 350
163,600
4,753 I
192,760 j
153, 645
122, 345
562, 970
533, 325
.383
1.875
156, 900
2,150
194,900
2,480 i
243,100 i 316,000 1 310,500
4, 784
127,681
4,997
102,638
5,353 i
5.242
127,497
231,456
56
11,397
96
12,312
.370
5.69
5.44
9,172 j
8,980
10,713 I
11,345 J
0, iVU
6, M l
4, 014
4, /-to
5. 11
5.03
4.96
7, 970
94, 250
6, 360
103, 350
6, 165
102, 300
11,316
67, 893
10, 220
74,094
9,602
81, 056
3, 004
15, 357
4,844
7,004
. 152
156, 480
123,090
521,763
' 494, 770 i
4, 236 I
r
.393
46 |
8,215 1
5.82
163,815 i 159,755
'421,997 i 462,252
. 577
.575
73
!
5,010
320, 487
5. 39
4. 76
13,178
0, On»
4. 62
12, 740
5, 534
4.58
6, 175
131, 650
10. 525
138, 350
10, 925
164, 750
10, 560
153, 000
8,510
88, 377
7,629
85, 449
8, 692
83, 435
10, 397
105, 792
11,956
111.482
1, 584
18, 674
2, 671
15, 802
2, 826
20, 107
4,906
4, 655
5, 729
16, 896
. 152
.151
, 1415
.143
2, 357
14, 943
2,119
10, 679
. 149
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)...
thous. of b u _ _
Shipments, carlot
no. of carloads,.
Stocks, cold storage, end of month .thous. of b u _ .
2,567
25, 331
i 92,877
2,796
19,894
3,061
6, 095
2,394
3, 267
I -101,999
'
1,8991
850
r
1,302 |
289
12, 383
Citrus fruits, carlot shipments-no. of carloads..
6,582
8,982
6, 948
5, 890
6, 851
12,595
10, 145
9,270
11,202 r 11, 41.1 j
10, 655
8,987
Frozen fruits, stocks, cold storage, end of month
I
568, 132
602, 000
thous. of lb... 487, 259
580, 866
581, 707 * 571 ,377 I 568,443
593, 592
635, 626 605, 950 ' 619, Oil r 702, 561 712,340
Frozen vegetables, stocks, cold storage, end of
468. 377
573, 603 6SX 'AKA
709 mx
month
thous. of l b _ _ | 384. 292
737 I'K
704, 585
630, 201
562, 581
510, 944 469, 050 T 444, 834 440, 802
Potatoes, white:
I
Production (crop estimate)
thous. of bu..|
2
'373,711
345, 622
Shipments, carlot
no. of carloads..! 25, 201
15,744 ! 11,860 | 15, 797
14, 758
15,453
20, 402
18, 870
23, 925
19, 630 * 20, 528
20, 998
Price, wholesale, U. S. No. 1 (New York)
j
2.917
dol. per 100lb..'
2. 230 !
3, 165 !
9 Q«1
3.060
r '* 3,
OCfl981
't ^nn
9 uxi !
'A n»i
3.
500
'
"3.374
1
2
' Revised.
* Preliminary.
December 1 estimate.
July 1 estimate.
§ Data beginning July 1953 exclude production of wines and vermouth; for July 1952-June 1953 such production totaled 88 000 gallons
JKevvisipns prior to December 1952 are available upon request as follows: Beginning 1951 for cheese, condensed milk, and nonfat dry milk solids; beginning 195'1 for butter evaoorated
milk and dry whole milk. Revisions for January- December 1952 for fluid milk production are shown in corresponding note in the March 1954 SURVEY- those for July ^ 1952-Mai
l% for
rectified spirits and wmes and wmes and distilling materials appear in the June 1954 issue.
-*idic.. I.KXI lor
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August iyr>4
1953
June
July
August
September
1954
October
November
December
January
February
March
April
May
June
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu__
Barley:
Re( ici ipt^ principal markets
Stocks, domestic, end of month:
Commercial
On farms
Fxports including malt
Prices, wholesale (Minneapolis) :
No. 2, malting
No 3 straight
do
do
do
do
dol. per bu..
do
Corn:
Production (crop estimate)
mil. of bu_.
O rindings wet process
thous. of bu
Receipts principal markets
do
Stocks, domestic, end of month:
Commercial
do
On firms
mM. ofbu
Exports, including meal
thous. of bu_.
Prices, wholesale*
No. 3, white (Chicago)
dol. per bu_.
No 3 yellow (Chicago)
do
Weighted average, 5 markets, all grades — do
Oats:
Production (crop estimate)
Receipts principal markets
Stocks, domestic, end of month:
On firms
mil of bu
thous. ofbu
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu..
30, 837
6,527
35, 075
30, 780
31,072
25, 483
19, 855
24, 986
23, 469
30, 062
32, 027
i 241, 015
8,860
8,613
12, 386
8, 566
7,594
*\ 531
3
372, 519
7,685
25, 503
15, 698
11,510
8, 235
9,070
12, 188
12, 222
10, 277
0, 500
2,175
416
422
' 8, 922
' 74, 913
526
7,119
3, 865
12,659
107, 770
951
11,085
2,209
14, 631
148, 842
2,478
12, 609
960
846
871
1.440
1.265
1.420
1.236
1.511
1.374
1.479
1.344
1.516
1.417
1.515
1. 438
1.513
1.436
1. 520
1.474
1.509
1.441
1.483
1.374
1. 505
1.396
1. 518
1. 450
11, 033
24, 690
9,772
24, 231
10, 629
25,011
10, 769
25, 234
12, 438
52, 068
10, 515
48, 836
3, 177
10, 240
18, 424
10, 021
21, 389
10, 232
25, 032
11,466
24, 741
11,127
22, 798
10, 203
25, 835
3, 311
10, 326
25, 151
15, 774
' 935. 0
11, 939
10, 218
9,459
45, 703
38, 221
35, 338
10, 984
13,512
13, 146
8,045
8,221
15, 945
986.1
6, 860
' 33, 793
1,468.8
7,703
21, 704
8,741
9, 365
3 329. 6
10, 469
23, 072
t>, 381
7, 101
(4)
1.546
1.522
(4)
1. 579
1.511
(4)
1. 603
1. 550
1.618
1.658
1. 568
1. 561
1.461
1.443
1. 491
1.448
1.439
1. 563
1 . 530
1. 553
1.521
1 655
1.553
1.495
1. 560
1.502
1.571
1.504
1 . 585
1. 532
7,780
17, 033
24, 375
8,784
5, 908
6,187
1,216
8,131
4,542
4,660
4,886
4,602
5,818
11,958
'3218,757
327
18, 348
22, 945
18, 453
13, 406
4, 000
310
136
192
8,648
450, 335
363
4,750
296
18, 295
778,541
462
15, 066
327
27,122
984, 324
305
22, 908
452
227
118
.752
.760
.770
.743
.752
.742
.794
.814
.788
.781
.792
.770
149, 459
125, 900
135, 181
104, 782
118, 669
78, 605
84, 516
66, 150
01, 873
48, 757
6,949
' 3 25, 479
1,018
:
9, 121
* 34, 945
1. 490
1. 375
1
43. 106
2, 138. 5
10,808
1
502
3,630
1.388
1
79, 454
49, 364
2.492
2.036
1.793
2.265
13,815
54, 191
13, 388
4,953
194, 685
54, 068
9, 373
154,646
122, 947
2
1.630
1.610
1.577
3
3
4,872
204, 050
.763
2
52, 529
129, 132
79, 990
1. 545
7,241
60, 159
52, 410
36, 159
49, 517
6,282
83, 259
72, 152
86, 161
65, 802
55, 934
59, 248
54,741
47, 454
43, 304
6,261
84, 077
450, 783
127, 449
950, 658 1, 227, 523
212, 755
315, 693
520, 281
250, 994
180, 844
204, 667
171, 225
243, 252
133, 848
169, 918
84, 161
161, 955
36, 832
100, 069
37, 382
124,217
123, 730
120, 109
29, 640
125, 925
.124
188, 443
66, 803
.093
572, 192 1,040,286 1,112,950 1,000,652
207, 046
245, 765
153,150
113, 178
.094
.094
.093
.085
859, 670
189, 258
.094
770, 187
200, 503
.093
654, 571
155, 677
.093
573, 654
88, 483
'.090
390, 580
99, 510
.090
327, 311
1,136
3, 755
1.268
1,916
4,288
1.249
i 17, 998
1,713
11,028
1.287
292
11, 002
1.313
433
10, 309
1.249
231
9,811
1. 151
667
8,953
1.116
921
8, 782
1.101
Wheat:
Production (crop estimate), total
mil. of bu__
Spring wheat
do
Winter wheat
_do __
79, 993
103, 118
Receipts, principal markets
thous. of bu__
' 280, 295
Disappearance
-.
do
Stocks, end of month:
239, 783
267, 564
Canada (Canadian wheat)
— _ - - do. .'3552,760
United States domestic total cT§
do
3
229, 604
328, 428
Commercislf
do
Interior mills, elevators, and warehouses
thous of bu '3183,279
3 58, 408
Merchant mills
do
3 73, 105
On farms
do
17, 554
26, 529
Exports, total, including
flour
do
13, 371
23, 081
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
31,996
8,037
Rice:
Production (crop estimate)
thous. of bags 9 -California:
78, 020
"Receipts domestic rough
thous oflb
55, 941
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis) , end
44, 537
of month
thous of lb
Southern States (Ark., La., Tenn., Tex.):
15, 567
Receipts rough, at mills
thous. of lb .
131, 382
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
111, 633
basis) end of month
thous. oflb
63, 625
Exports
do
.124
Price, wholesale, head, clean (N. O.)_dol. per lb_.
Rye:
Production (crop estimate)
thous of bu
Receipts principal markets
do__
Stocks, commercial, domestic, end of month__do
Price, wholesale, No. 2 (Minn.)
dol. per bu__
37, 322
2.443
2.086
1.808
2.202
38, 907
2,663
6,240
1.156
r
40, 988
189 834
924
5,923
1.226
4,877
6,008
1. 249
i 1,168.5
1291.0
]
877. 5
18.403
209, 412
20, 715
20, 883
368, 888
366, 412
311, 573
303, 727
324, 932
339, 156
335, 882
327, 168
377, 855
1 31 H 205
316, 705
12, 393
9,610
16, 327
13, 824
2.577
2.379
2.194
2.537
2.576
2.393
2.226
2.570
20, 719
18, 911
458, 641
134, 477
563, 569
21, 824
19, 066
13, 107
9,524
15, 441
12, 112
424, 292
123, 467
424, 057
13, 262
9, 679
2.474
2.175
1.822
2.439
2.514
2.217
1.899
2.533
2.621
2.288
1.882
2.562
2.623
2.337
2. 015
2.578
2. 601
2. 375
2.051
2. 596
23, 102
1,684
8, 445
1. 061
2
2
2
31, 822
305, 420
1,524,519
342, 163
287, 303
2
32, 871
334, 589
.085
22, 028
205, 514
19, 660
26, 953
354, 795
'1,111,648
298, 934
348, 139
339, 201
295, 060
291, 191
r
' 379, 630
104, 778
297, 873
14, 877
11,677
2.602
2.417
2.327
2. 545
988. 3
229. 9
758. 4
60, 332
228, 626
v3 349, 007
902. 854
3
296, 715
3
307, 575
3
63, 829
» 102, 997
20, 768
17, 249
24, 537
21, 526
2.620
2.447
2.210
2.589
2. 609
2. 370
2. 105
2. 544
2.642
2. 153
1.852
2. 293
Wheat flour:
Production:
18, 064
Flour
thous of sacks (100 lb )
18, 747
18, 204
17,972
19, 469
18,962
18, 355
20, 799
17, 361
18. 871
17,217
10, 085
18,041
76.7
Operations, percent of capacity _
75.8
81.2
86.8
83.9
77.7
88.3
88.6
81.7
77.0
73.5
74.9
77.4
371, 608
Offal
short tons__ 357, 154
365, 199
362, 741
394, 122
424, 380
344, 611
366, 297
380, 153
376, 594
339, 250
327, 804
303, 478
43, 410
41, 833
Grindings of wheat
thous of bu
42, 263
45, 393
42, 571
41, 836
48, 501
43, 971
40, 222
43, 729
39, 874
38, 582
41,913
Stocks held by mills, end of quarter
4,093
thous. of sacks (1001b.)._
4,589
4 476
4,470
4,046
Exports
do
1,795
1,480
1, 184
776
1,429
1,538
1,537
1,074
1,195
1,373
1, 510
1,292
Prices, wholesale:
Spring, short patents (Minneapolis)
5. 550 ,
5. 925
dol. per sack (100 lb.)-6.100
0. 250
6.470
0.500
0. 355
6. 335
6.390
6.400
6. 355
' 6. 510 "6.760
Winter, hard, short patents (Kansas City) _do
5.275
5. 150 '
5. 525
5. 855
5.950
6.120
6. 060
5.935
6.095
6. 055
6.035
' 6. 135
"6.140
r
2
Eevised.
* Preliminary.
1 December 1 estimate.
July 1 estimate.
3
4
Old crop only; new grain not reported until beginning of new crop year (July lor barley, oats, and wheat; October for corn).
No quotation.
9Bags of 100 lb.; prior to the October 1953 SURVEY, data were shown in thous. of bu. of 45 Ib.
cf The total includes wheat owned by the Commodity Credit Corporation and stored off farms in its OWD steel and wooden bins; such data are not included in the breakdown of stocks.
§Revi?ed beginning May 1953 to exclude CCC-owned wheat in the mothball fleet.
SUKVEY OF CURRENT BUSINESS
August 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-29
1953
June
July
August
September
1954
October
November
December
January
February
March
May
April
June
FOODSTUFFS AND TOBACCO— Continued
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
--. thous. of animals.Cattle
do __
Receipts principal markets
do
Shipments feeder to 9 corn-belt States
do _ _
Prices, wholesale:
Beef steers (Chicago)
dol. per 1001b._
Steers, stocker and feeder (Kansas City)..do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals ._
Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb__
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hogSheep and lambs:
Slaughter (federally inspected)
thous. of animals. .
Receipts principal markets
do__
Shipments feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb_.
Lambs, feeder, good and choice (Omaha) _.do
586
1,450
2,440
184
616
1,498
2,258
211
602
1,494
2,559
265
687
1, 644
2,770
446
776
1,782
3,095
773
658
1,609
2,997
643
634
1, 653
2, 342
21.73
15.22
19.50
24.26
16.75
23.00
24.79
15.78
23. 50
25.41
15.07
21.00
25. 35
15.74
22.50
24.83
17.56
22.00
3,607
2,119
3,276
1,837
3, 396
1,867
4, 059
2, 169
4,994
2,665
286
546
1,541
2,245
200
518
1,302
1, 844
184
660
1,511
2, 320
220
598
1,417
2, 040
217
561
1.439
2.165
181
622
1, 570
2.309
130
23. 65
17.63
22.50
23. 93
19. 83
27. 00
22.96
20.02
28.00
22.88
19.81
26.00
23.77
20. 62
26.00
23. 54
20.44
23. 00
23.49
18.20
» 21. 00
5, 540
2,950
5, 194
2,721
4,712
2, 503
3, 883
2,098
4, 554
2, 450
3,853
2,068
3, 380
1,909
3, 453
1.991
23.24
23.29
22.97
24.18
21.54
20.80
23. 69
24.82
25.45
25. 63
26. 75
24. 79
21. 43
'15.6
16.5
15.9
15.9
15.9
15.0
16.2
17.3
17.7
17.2
18.3
17.5
14.6
1, 055
1, 108
102
1,108
1, 159
136
1,158
1,483
291
1,366
1,822
547
1,529
2,026
754
1,159
1,412
292
1,227
1,182
185
1,241
1,190
197
1,090
1,032
175
1,149
1, 128
188
1,096
1,203
202
1,045
1.133
147
1,200
1,189
90
25. 50
0)
25.38
17. 94
23.38
17.78
19.25
15. 57
19.00
16.41
19.25
18.22
19. 25
18.00
20. 62
19.14
21.25
20.26
24.25
21.44
27. 75
22.31
25. 88
24.00
1,617
1, 579
1,525
1, 675
1, 913
1,941
1,952
1..836
1,517
1,609
1, 563
1,683
749
46
638
50
532
50
460
40
460
36
593
59
717
60
762
45
755
57
732
33
706
58
"• 653
64
600
859, 894
190,408
2,848
877, 290
163, 626
3,073
860, 476
153, 672
2,973
925, 007
159, 376
2,273
994, 342
183, 864
2,942
897, 620
r 215, 353
13, 685
939, 793
269, 668
3,848
895, 446
247, 891
1,067
761, 153
219, 002
5,848
886, 182
186, 362
840
828, 596
160, 002
4, 464
838, 154
138, 622
1.250
905, 294
123, 198
.424
.431
.396
.392
.398
.408
.405
52, 190
8, 897
48, 262
r 8. 135
51, 950
7,783
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil. of l b _ _
Stocks (excluding lard), cold storage, end of month
mil. of lb_.
Exports
do
Beef and veal:
Production (inspected slaughter)
thous. of lb..
Stocks cold storage, end of month.
_. do_. _
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. per lb._
Lamb and mutton:
Production (inspected slaughter)
thous. of lb_.
Stocks, cold storage, end of month
do__
Pork, including lard, production
(inspected
slaughter)
thous. of lb.
Pork, excluding lard:
Production (inspected slaughter) .
do
Stocks, cold storage, end of month
_ do
Exports
do
Prices, wholesale:
Hams, smoked, composite
dol. 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 month f_ do .
Exports
. __do_ __
Price, wholesale, refined (Chicago) __dol, per lb_.
r
.387
.426
.432
.451
.427
.431
44, 558
13, 461
47, 324
10, 410
49, 401
9, 460
57, 474
10, 113
64, 856
10, 762
51, 566
11,151
57, 079
12, 232
59, 522
11,460
53, 274
10, 808
55, 672
9,445
712, 978
654, 193
614, 699
692, 034
853, 449
991, 497
954, 712
881,313
702, 169
830, 303
727, 839
676. 709
725, 640
533, 230
414, 227
6,768
489, 360
350, 825
6,694
469,818
265, 981
5, 865
531, 761
200, 597
5,176
648, 115
181, 279
4,843
743, 793
206, 170
4,419
710, 666
326, 81 2
7,708
658, 662
393, 307
5,136
526, 049
413, 507
4,407
628, 446
418,283
3,832
547, 809
420, 917
4, 200
505, 239
384, 643
3, 659
538, 092
347, 500
.650
.576
.683
.597
.675
.570
.623
.543
.544
.516
.638
.541
. 660
.540
.671
.574
130, 863
169,311
28,908
.140
120, 175
109, 342
33, 193
.163
105, 809
55, 637
34,505
.183
116,615
42, 439
24,412
.233
149, 478
45, 205
19, 402
.205
180, 413
51, 462
32, 857
.193
178, 155
74. 322
38, 187
.205
162,245
75. 525
33, 607
. 20S
128, 867
72, 920
39, 558
.213
147, 106
78, 945
23, 359
.208
131, 394
74, 024
40, 774
. 233
46, 431
117,876
46, 075
112, 459
46, 364
127, 341
56, 985
176, 385
69, 572
259, 086
79. 448
287, 152
65, 890
275, 888
37 325
266,' 626
35, 734
241.692
41,189
217,456
39, 205
184, 743
. 558
.452
. 657
.509
.673
. 550
r
.669
. 626
.587
125, 254
69, 278
r
50, 908
.205
137, 369
65, 689
43.216
167,499
47, 393
152,144
p. 190
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of Ib
Stocks, cold storage, end of month . . _ do__
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
.
_.
dol. per Ib
Eggs:
Production, farm
millions..
Dried egg production
thous. of l b _ _
Stocks, cold storage, end of month:
Shell
thous. of cases. _
Frozen
thous. of l b _ Price, wholesale, extras, large (Chicago)
dol. per doz__
.245
.275
. 255
.255
. 235
.230
. 250
.250
.280
.300
5, 032
1,903
4,624
2, 092
4,329
1, 979
4, 190
1, 441
4,600
1,144
4, 784
1,310
5, 239
1,242
5, 448
1 , 698
5, 476
1, 865
6, 605
3. 140
6,271
3, 104
1,513
159, 755
1, 199
152,835
827
133, 427
494
109, 869
288
86, 867
137
01,014
89
42,030
75
38, 244
135
41, 639
443
91, 940
728
136.488
.531
.587
.624
.613
. 479
.472
.450
.403
.517
. 543
r
. 220
r
. 380
. 240
" . 190
6. 071
3. 178
5, 251
2, 388
r
1,348
160, 983
1,(524
188, 266
.355
. 351
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salest-- thous. of dol..
Cocoa or cacao beans:
Imports
long tons
Price, wholesale, Accra (New York) _. dol. per lb_.
Coffee:
Clearances from Brazil, total. _ _ _thous. of bags
To United States. _
do
Visible supply, United States
do
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per lb._
Fish:
Landings, fresh fish, 5 ports t
thous. of l b _ _
Stocks, cold storage, end of month
do
r
r
r
65, 000
»• 105, 000
97, 000
85, 262
79,619
83, 931
74, 768
59, 390
60, 780
26, 164
.346
20, 859
. 385
13, 574
.386
10, 587
.403
8,504
.400
8,026
.449
30, 242
.468
43, 394
.542
27, 028
.535
11,905
.578
14, 205
. 619
11,991
. 639
". 648
1,149
685
666
1,278
860
361
531
1,470
1,286
744
582
1,320
1,870
1. 122
812
2,130
1, 544
873
628
1,261
1,814
1.164
778
1,848
1,725
1, 055
723
2,489
1,219
662
1,009
2,275
962
539
829
1,913
1, 409
795
735
1.940
1 , 060
485
637
1 , 922
454
183
094
1.098
468
146
832
v 870
' 57. 000
50, 000
.560
.593
r 75, 906
142, 655
r 75, 393
169, 686
.615
r
60, 195
176, 680
Mil, 000 ' 110.000
. 615
.600
45, 034
174, 640
' 38, 680
176, 047
. 585
r 34, 247
179, 370
f
. 613
. 725
.760
. 858
.870
. 855
23, 951
176, 249
17,456
154.570
28, 1.28
138, 468
41,267
112,288
41,520
110,328
59, 549
118,806
r
140.009
!
Revised.
*> Preliminary.
No quotation.
t Revised series.
Compiled by the U. S. Depo rtment of (Commerce, Bureau of the Census represent!ng factory and wareh ouse stock 3 of rendert d and refi led bird; dtita prior to Juno 1952
will be shown later.
+ Revisions not previously shown are as follows: Confection en/ sales (n lil. dol.), J anuary-D ?cernber 19 52-91; 87; 81; 76; 62; ,56; 49; 63: I 02; 114; 102 103; .Tanu i r y - M u y 1 #53 -K9: 85 83; 79; 65;
fish la Tiffin us C f h m m Ib ~1 Jrmnnrv-Mivv 1953 — ')ft 50f • 93.704: 31 .538: 34.91f . 47.343.
r
SURVEY OF CURRENT BUSINESS
S-30
August 1954
1953
Unless ©therwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
August
September
19 54
October
November
December
January
February
March
April
May
j
June
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end of month
' 4, 102
thous. of Spanish tons..
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
short tons. . 51. 202
628, 878
Fn tries from off-shore
do
180, 490
Hawaii and Puerto Rico
do
Deliveries total
do
For domestic consumption
do_.
For exDort
do
Stocks, raw and refined, end of month
thous. of short tons..
Exports
short tons..
Imports:^
Raw sugn r . t o t n l
do
From Cu^n
do
From Philippine Inlands
do
Refined ^u'^ir total
From ("Mi ha
Prices (New York) :
Raw wholesale
Refined:
Retail 9
Wholesale
Tea, imports
do
do
dol. perlb
dol. per 5 Ib
-. -- dol. perlb..
thous. of l b _ _
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib.
Stocks, dealers' and manufacturers', end of quarter total
mil. of Ib
Domestic:
Cigar leaf
-do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil. o f l b _ _
Foreign grown:
Cierar leaf
do
Cigarette tobacco
_. -.
do
Exports, including scrap and stems
thous. of lb__
Imports including scrap and stems
..
do
r
r
3,908
3.218
2, 658
3, 078
2. 083
1, 737
1,607
2.437
3, 316
4. 341
t, 316
3. 991
26, 860
607. 226
234. 674
37, 059
614. 98*
182, 958
117.506
563 878
237, 561
643, 637
461 177
238, 494
812, 373
254 321
97 620
473 347
117 126
61 688
137 932
320 741
5? 886
=•,07 709
10* 6,"7
57 480
27 36.*)
522 494
147 957
51 311
762 870
°87 257
60 519
r 517 552
r i8i 301
598 368
190 496
886 890
885,168
1.722
778, 556
777. 391
1,165
844 285
842. 829
1.456
641 490
639, 991
1,499
580 278
574 693
5 585
801 571
800 569
1 002
5049 328
50 ' 319
2 009
556 878
5 54 503
9 375
8^1 758
8^>0 788
970
569 496
564 826
4 670
r
1.289
14,326
1.103
11,473
966
21, 879
851
526
1. 18li
303
1,691
3. 897
1.693
596
1.668
631
1.612
745
1.479
276
1.625
1,039
390, 371
221, 650
162. 388
339. 220
238, 565
91,880
330. 805
266. 009
64. 421
321, 374
201,899
92, 486
118. 650
56. 920
157,648
118,711
38 640
275. 725
°38 9950
36 67
305. 487
°36 909
66 165
363. 956
282 575
81 336
428, 735
292 592
136 208
40, 271
40, 226
38 937
37 178
47 760
44, 598
27, 116
26, 437
2 057
250
"0
13°
301
20 151
1 3 694
35 595
99 570
54 9389
50 06
51 375
45 753
57 21°
52 798
.064
.064
.064
.064
064
061
060
060
061
063
062
061
/> of\2
.495
.086
9, 215
.498
.086
7, 506
.500
.087
7, 766
. 50'2
.087
10, 364
.503
.087
9.491
500
085
»>. 851
497
.085
8,760
497
498
085
11.580
49Q
086
10.783
503
086
18,079
50°
086
13.984
509
T 08fi
781, 418
770, 424
r 10, 994
r
180.291
140,910
86 401
45 512
A
1
4, 036
4, 225
.085
10.004
340
319
372
3, 995
3 967
32, 121
9,268
18
163
68, 694
10, 475
56.183
9. 269
52, 327
8 549
18
181
* 68, 638
7 582
1 5, 999
7 J94
6,301
2 504
17,814
6 879
7, 569
3 367
18,833
7 249
8, 302
3 281
19, 273
7 473
8,424
3 376
16 170
6 808
6* 307
3 055
14 735
5 978
5 373
3 384
3,339
29,914
463, 787
2, 770
34, 658
497, 670
3, 585
33, 598
518, 748
2.813
34. 860
540. 1 24
3, 535
30, 338
547 704
1 5. 862
1,321
17,539
1. 158
18, 103
1,535
18. 5SO
1.178
3.938
3. 93*
3. 938
3. 938
331.129
227 304
103 8*? 5
30, 390
8 P5
19.019
7 875
15
6
5
3
502
796
549
157
r Q 078
3 093
3, 534
29, 141
443 532
2 700
28, 858
401 693
15,825
1.241
15,213
1,416
3.938
18
183
21,715
9 133
27, 560
9 528
28, 593
8 701
476
865
900
711
17 369
6 723
7 356
17
6
7
3
2 638
26. 676
406 560
2 865
32, 295
476 514
14,997
1.274
14. 688
1.183
3.938
3. 93*
15 561
6 389
18
6
7
3
243
906
030
30"
17 883
9 4S5
30. 499
445 991
r
o 4*7
' 31,863
483 650
9 79g
34. 998
510 107
18,079
1, 254
17,402
1.415
' 16,944
1 . 339
17.643
3. 93,*
3. 93*
3. 938
3. 93S
3. 938
14,633
101
10
2. 208
3. 757
'\ 9QO
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of Ib..
Calf and kip skins
thous. of pieces. .
Cattle hides
_
do
Goat and kid skins
do
Sheep and lamb skins.
do
Prices, wholesale (Chicago) :
Calfskins, packer, heavy, 9>3/15 lbs__ dol. per Ib..
Hides, steer, heavy, native, over 531bs
do
20, 258
268
47
2,731
4.240
15,807
' 187
91
3, 168
1 , 893
13, 646
188
26
2, 121
2,760
15,353
150
41
2.666
2,680
10, 934
208
40
1 726
1. 157
9, 454
47
23
2,364
1,230
8,770
81
36
2,034
1,033
S, 232
123
20
2. 051
1,087
7,436
59
77
1, 550
898
9, 372
54
50
1.839
2. 158
13.492 ;
26 !
13 i
2, 440
3, 288 |
.625
.150
.513
.158
.513
.170
.500
.170
.400
.148
.468
.153
.438
.123
.413
. 120
.413
. 103
.413
. 108
.413 i
. 108 I
791
2.015
2.330
1.870
762
2. 117
2, 732
2,219
712
2.039
2, 149
2,001
57
23
3. 438
29
2. 733
78
58
4.950
. 660
. 66! i
LEATHER
Production:
827
Calf and kip
.
thous. of skins..
685
790
804
724
839
846
801
1,999
Cattle hide
. thous. of hides
1,978
1,815
1,894
2,079
1 . 904
1 . 978
1 . 953
Goat and kid
.
thous. ofskins,.
3, 122
2,821
2, 354
2. 240
2. 566
2, 262
2, 350
2, 101
Sheep and lamb
__
do
2. 563
2, 139
2, 590
2, 439
2,407
1 669
2,189
1,820
Exports:
Sole leather:
Bends, backs, arid sides
thous. o i l b
24
23
52
51
21
67
26
21
Offal, including belting offal
_ _ _ do_.
53
75
21
63
56
39
68
29
Upper leather
thous. of sq. f t _ _
2, 825
3, 492
2, 840
3, 383
2, 996
2. 929
3, 1 59
3. 160
Prices, wholesale:
Sole, bends, light, f. o. b. tannery
dol. perlb..
.720
. 690
.690
.690
.670
. 675
. 665
.655
Upper, chrome calf, B and C grades, f. o. b. tan1.082
nerv
_. -dol. per sq. ft
1. 127
1.042
1. 042
1.002
, 99, S
. 9*5
.998
r
Revised.
» Preliminary.
1
2
December 1 estimate.
July 1 estimate,
cf Revisions for 1952 are shown in the April 1954 SURVEY.
9 Data for January-June 1953 represent price for New Yo •k and Ne wark; then >after, for \ T ew York and North eastern Xo w Jersey,
§ Revised to represent data based on number of stamps us ed by man ufacturers revisions prior to M<\\ 1952 wil be shown later.
* 1.472
- 9 o*>2
3, 703
24, 649
7, 662
802 169
800 534
1 6°*
4 539
368
Manufactured products:
Production manufactured tobacco, total do
18, 170
7, 347
Chewing plug and twist
do
7,430
Smoking
do
3 393
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
3. 130
Tax-free
millions..
33. 304
Tax-paid
do
501.499
Cigars (large) tax-paid 5
thousands
Manufactured tobacco and snuff, tax-paid §
thous. o f l b _ .
17,812
1,119
E xports. cigarettes
millions. .
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o b. destination
dol. r>er thous..
3. 938
' 1 625
291
2, 057
4 513
3, 472
18
178
33, 263
9,578
657 135
r p,53 709
r 3 42^
, 948
r
.475
.12*
706
2.017
2. 124
2,172
l
93
15
3,779
. 660 !
. 690
. 962 !
, 'J85
7 40 r.
6 953
3 4Q5
SURVEY OF CURRENT BUSINESS
August 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-31
1954
1953
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__ ' 41, 118
By types of uppers:
33, 876
Ml leather
do _
7,242
Part leather and nonleather
do
Shoes, sandals, and play shoes, except athletic,
total
.
_. .thous. of pairs.- r 36, 084
By kinds:
8,136
Men's
..do
1,595
Youths' and boys'
_.do
r
18, 455
Women's
do
5, 077
Misses' and children's
do
2,821
Infants' and babies'
do
4,533
Slippers for hotisewear
do
258
Athletic
do._243
Other footwear
do
253
"Exports
do
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide
110.3
upper Goodyear welt
1947-49 = 100..
Women's oxfords (nurses'), side upper, Good118.1
year welt
1947-49 = 100 . .
110.7
Women's and misses' pumps, suede split, .do
40, 297
42, 804
39, 902
40, 121
33, 522
38, 200
40, 098
41,328
47, 170
42, 306
36, 790
41, 224
31, 987
6 213
33 333
6 760
33 873
7 486
37, 944
9 226
33, 109
9 197
^ r30, 389
6 401
34 587
6 637
' 33, 279
36, 825
34, 972
36, 539
33, 376
33, 183
28,011
34, 389
37, 460
38, 391
43, 357
38, 336
7, 560
1,637
18, 687
4,603
2,485
4,790
269
266
313
7,963
1,696
19, 077
5,107
2,696
5,697
296
272
421
7,670
1,457
16, 602
4,883
2,764
5,981
283
262
446
8,006
1,390
15,690
5,130
2,967
6,407
273
258
419
6,801
1 124
12 921
4 363
2 802
5 039
262
210
330
8,087
1 362
16 490
5 3«6
3 064
3 305
290
216
251
7,851
1 470
19 472
5 465
3 202
2 123
239
975
239
7,625
1,455
20 717
5, 432
3 162
2,419
247
271
411
8,367
1 711
23 947
5, 713
3 619
3.263
266
284
370
7 857
1 543
21 096
4 756
3 084
3 376
110.3
110.3
110.3
110.3
110 3
110 3
110 3
110 3
110 3
110 3
118.1
110.7
118.1
110.7
118.1
110.7
118.1
110.7
117.5
112.3
117.5
112.3
117 5
112.3
117 5
112. 3
117.5
112.3
117 5
112.3
117 5
112.3
f
6, 963
f 1 509
T
17 652
r
4, 370
r
2 785
r
3 082
260
275
319
484
T 169
272
r
7 631
1 716
19 604
4 821
3 053
3 989
271
139
» 110 0
110 0
p 117.5
* 112.3
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. b d . f t _ _
Hardwoods
do
Softwoods
do
Shipments total
do
Hardwoods
do
Softwoods
do
Stocks, gross (mill and concentration yards), end
of month total
mil. bd. ft
H a rd woods
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 productst
M bd. ft..
Sawed timber!
.-..do
Boards, planks, scantlings, etcj
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 b d . f t . _
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. ft..
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 b d . f t _ .
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
do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
dol. per M bd. ft..
53, 765
270, 350
53, 037
253, 021
54, 245
246, 389
52, 777
253, 650
50, 919
243, 520
48, 733
220, 063
54, 109
197, 952
43, 657
135, 528
74,200
211, 621
70, 262
233, 515
65, 723
215, 884
69, 742
188, 115
3,437
622
2,815
3,423
688
2, 735
3,351
675
2,676
3, 228
647
2, 581
3,429
765
2,664
3. 238
661
2.577
3,486
790
2,696
3,230
627
2,603
3, 540
792
2,748
3,252
650
2,602
3,078
718
2,360
2,875
624
2, 251
2,875
638
2,237
2,706
550
2,156
2,749
643
2,106
2,604
526
2,079
2,901
680
2,221
2,808
612
2,196
3, 358
690
2,668
3, 353
599
2,754
3,310
660
2,649
3,387
603
2,784
3,273
634
2,639
3,169
565
2,604
3,116
617
2,499
3,293
524
2,768
7,700
2,576
5. 124
7,823
2,604
5,219
8,034
2,708
5, 326
8,290
2,871
5, 419
8,577
3,012
5, 565
8,782
3,107
5, 675
8,950
3,194
5, 756
9,132
3,311
5,821
9,221
3,379
5,842
9,227
3,470
5, 757
9,183
3,528
5,655
9,288
3,598
5,690
9,111
3,690
5, 421
857
839
889
899
989
18, 058
7,138
10, 920
826
878
762
774
977
21, 390
12, 528
8,862
707
786
780
790
987
17, 968
7,499
10, 469
795
746
828
822
992
24, 986
12, 993
11, 993
826
715
830
848
974
24, 422
11,842
12, 580
753
717
758
742
991
22, 120
10, 505
11,615
798
750
753
757
987
28, 161
10, 619
17, 542
813
111
763
779
1,002
21, 440
8,490
12, 950
863
855
791
778
1,011
39, 609
19, 937
19,672
1,033
865
963
1,013
961
40, 917
15, 285
25, 632
944
763
941
1,037
898
27, 592
5, 866
21, 726
951
874
858
831
925
36, 218
13, 991
22, 227
884
899
712
850
787
78. 064
77. 252
76. 972
75. 187
74. 347
73. 122
73. 109
73. 395
73. 941
75. 054
74. 767
* 75. 180
v 76. 999
126.396
126. 085
126.085
125. 930
125. 113
123.978
125.612
124.950
125. 922
125. 922
125. 767
125. 767
P 125. 427
709
344
767
741
714
306
764
752
673
287
707
692
693
269
707
711
660
237
767
692
623
230
673
630
531
202
651
559
595
201
684
596
680
251
687
630
742
257
761
736
693
238
714
712
735
261
690
712
892
355
707
798
1,743
5,590
1,126
4,464
1,755
7,981
2,619
5,362
1,770
8,549
810
7, 739
1, 766
3,952
1,105
2,847
1,841
4,662
1,005
3, 657
1, 884
4, 901
1,098
3, 803
1,976
5, 700
640
5, 060
2,064
3,986
1,268
2. 71 S
2,121
6,380
1,528
4,852
2,146
5,512
923
4, 589
2,148
6,414
1, 601
4, 813
2,126
6,806
1,564
5, 242
2,035
76. 545
76. 549
75. 665
74. 359
72. 092
72. 271
71. 030
78. 748
78. 227
77.614
77. 703
156. 604
157.829
157.523
157. 523
157.217
156. 298
155. 685
155.379
155.379
154. 154
152. 929
649
371
746
688
1 , 557
714
400
761
685
1, 633
664
355
782
711
1,704
678
342
767
691
1, 781
722
380
759
684
1,856
491
317
583
554
1,885
547
342
512
523
1.874
472
366
395
447
1 , 822
512
383
444
496
1,770
662
418
568
628
1,710
673
427
638
664
1,684
84.92
83. 26
81.10
76. 1 1
70. 84
70. 04
70. 65
71.71
70.90
71.01
70. 64
r
r
70. 268
*> 70. 612
151. 471
p 151. 471
675
410
720
692
1,712
793
463
724
740
1.696
70. 16
v 69. 41
r
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
. M bd. ft
5,250
4,400
3, 300
3, 975
3, 575
3, 850
5, 150
4, 550
4,200
5,650
4, 350
3, 900
Orders, unfilled, end of month
do
10, 050
9] 800
9,500
8,450
8, 100
7,850
9, 300
10,000
9, 250
9, 450
11, 150
10,450
10, 550
Production .
. _
do
3,100
4, 150
3, 950
4,100
4, 750
3, 775
4, 300
3, 950
4, 600
3,950
3, 950
3, 450
Shipments
do
5,150
4, 350
4, 300
3, 850
3, 925
3, 750
3, 750
3, 825
3] 650
3,900
4, 850
3, 950
3, 750
Stocks, mill, end of month
do
X, 025
8, 950
7, 650
7, 650
8, 500
8, 675
9,750
9,300
9, 850
10, 500
9, 500
10. 650
10, 350
Oak:
Orders, new
do
62, 004
73, 043
74, 238
73, 874
76, 085
68, 178
09,618
89, 079
80, 206
70, 910
84, 824
99, 934
78, 781
Orders, unfilled, end of month
do
60, 034
62, 965
54, 735
52, 885
50, 082
46, 584
54, 743
47, 688
76. 534
68, 085
74, 554
71,364
66, 643
Production. . .
do
79, 466
81, 390
78, 243
81, 474
86, 213
76, 703
77, 282
81, 218
75, 518
89, 459
90, 062
92. 604
86, 999
Shipments
do
83, 100
79, 821
79, 537
79, 581
84, 572
73, 924
73,151
71, 221
89. 8,53
75, 737
95, 213
90, 926
86, 688
Stocks, mill, end of month
do
, 52, 083
50, 373
49, 079
50, 971
52, 61 2
55, 391
64, 149
68, 289
68, 070
62, 495
6T.J73
57, 486
61, 090
r
l>
Revised.
Preliminary.
©Revised monthly data (for production, shipme its, and st ocks; also ( >rders, exec pt for all t ypes of lurnber) are a vailablc uj )on requrs t as follow >: January 1950-Febr nary 1953 f or lumber
(all types); January 1952- February 1953 for Douglas fir; Jan uar ^-Decembc r 1951 for £Southern p ne; Januai y 1950-Fet rniary 1953 for West 01•n pine.
^Revision s for 1952f(>r exports of sawmill
products (softwoods) will be shown later .
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 1954
1953
Juno
July
August
1954
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
266 451
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging):*
Shipments (market), quarterly total
M sq ft , surface measure Inventories (for sale) end of quarter
do
Softwood (Douglas fir only), production*
M sq ft , %" equivalent -
176, 637
34 614
31, 831
334, 253
172 270
33 486
279, 972
169 027
34 806
358 393
318 019
376 994
355 285
342, 385
270,
40,
123,
11
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total 9 O
- short tons ..
Scrap
do
Imports total 9
do
Scrap
do
285, 050
19, 416
271,910
15,032
251, 365
15, 988
318,519
22, 083
235, 664
37, 475
272, 106
18, 669
243, 571
25, 477
241, 726
14, 438
270, 433
30, 041
210, 830
7 104
277, 137
36, 065
190, 054
9 897
326 635
51, 953
144 488
2 294
311 926
59, 408
86 632
1 325
300, 433
66, 790
70, 461
2 016
315 967
103, 464
86 837
1 355
360 844
65, 419
103, 449
3 121
6, 451
3,688
2,763
6, 665
6, 395
6,368
3,594
2,775
6,204
6,560
6,644
3,675
2,969
6,314
6,893
6,174
3,607
2 567
6,043
7 033
6,057
3,693
2 364
6,304
6 780
5,700
3 472
2 228
5 672
6 816
5,588
3 472
2 116
5 253
7 152
4,974
3 241
1 733
5 123
7 004
4,806
3 040
1 767
4,912
6 940
5,103
3 181
1 921
5 194
6 811
4,893
2 974
1 919
5 133
6 571
15,368
15, 663
8,556
15, 719
16, 534
7,739
15, 473
16, 284
6,943
15, 143
15, 457
6,614
12, 290
13, 512
5,396
6,392
6 998
4,800
3,183
2 099
5, 877
3,068
1 749
7,041
2,982
1,653
8,399
3 117
1 597
9,920
13, 745
8,056
32, 070
28, 526
3,544
1,125
14, 497
8,239
38, 829
34, 443
4,386
1,148
15,237
8,150
45, 579
39, 988
6,591
1,109
13, 214
7,699
51,767
44, 612
7,155
1,137
11, 538
8 131
55, 699
47,419
8,280
1,085
5, 300
7 522
54, 981
46,896
8, 085
965
0
7 022
48 815
41, 145
7 671
948
0
996
974
797
178
0
5 787
36, 386
29, 661
6,725
836
134
127
89
80
134
71
112
110
1,246
1,196
648
1,233
1,056
573
1,223
1,069
589
1,170
1, 106
612
1,076
1 142
650
977
1 004
564
955
1 032
553
151, 016
86, 514
50, 819
137, 251
77, 111
45, 413
120, 801
73, 855
45, 415
114, 523
74, 333
45, 466
104, 046
73, 473
45, 515
93, 156
63, 435
37, 500
6,373
6,251
6,516
6,249
6,472
6,353
6,202
6,024
6,498
6,421
1,977
2,298
2,368
2,511
54.80
54.50
55.00
56.22
56.00
56.50
56.23
56.00
56.50
164, 665
125, 984
30, 381
139, 577
105, 687
22, 925
135, 343
185, 323
132, 580
52, 743
1,080,582
155,288
112,848
42, 440
9,404
97
706
561
273
073
Iron and Steel Scrap
Production and receipts, total*_thous. of short tons..
Home scrap produced*
do
Purchased scrap received (net)*
do
Consumption total
- --do
Stocks consumers' end of month
do
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 by furnaces
do__
Stocks end of month total
do
At furnaces
do
On Lake Erie docks
do
Imports
do
Manganese ore, imports (manganese content)
thous. of long tons..
r
r 5 350
r 6 315
5, 221
2 964
2 258
5 219
6 316
4,466
3 059
11, 327
9 818
10 573
10,580
11 610
12 399
9,790
0
5 932
30' 587
24, 553
6 035
1,525
5 287
26' 142
20, 690
5 452
795
10, 608
5 403
34 989
29 180
5 809
844
932
9,952
5 376
29 563
24 147
5 416
1 119
92
74
98
93
872
932
488
865
936
492
842
1 047
553
826
995
528
775
943
516
95, 612
72 126
39, 657
85, 565
70 288
38, 266
81, 579
69, 078
37, 792
74, 219
84 342
47, 125
69 094
74 515
39 102
07 040
67 856
37 306
6,063
5 963
5 779
5 703
5 580
5 525
4,811
4 809
4 959
4 892
4 503
4 505
4 624
T 4 691
4 724
i) 4 §if]
2,527
2,660
2,800
2,764
2,829
2,858
2,809
r
2, 729
P 2, 610
56.10
56.00
56.50
56.03
56.00
56.50
56.03
56 00
56. 50
56. 03
56 00
56.50
56 03
56 00
56.50
56.03
56.00
56.50
56 03
56 00
56. 50
56 03
56 00
56, 50
56 03
56 00
56. TO
56 03
v 56 00
v 56. 50
141 340
107, 941
25, 026
135 303
102, 880
24, 108
140 702
106, 788
25 354
114 088
84, 945
17 784
123 281
91 017
18 685
122 758
93 577
20 058
116 520
88, 699
17 756
12° 310
92 271
1 5* 502
105 788
78* 754
10 708
94 610
70 596
o 337
i 974, 153
150, 512
110,926
i 39, 586
882, 034
153, 173
1 10, 305
42, 868
797, 523
155, 772
112 803
42, 969
740, 127
143 239
103 113
40, 126
650, 533
142, 603
98 915
43, 688
637, 896
138 926
101 523
37, 403
539, 194
126 888
94 164
32, 724
486, 547
130 224
95 5^9
34, 695
459, 575
115 795
86 446
29, 349
430,617
107 121
*0 939
26. 182
409, 194
] 13 089
86 185
26, 904
9,276
93
9,406
94
8 883
92
9 463
95
8 690
90
7 946
7 951
7 083
7 290
80
74
6 971
75
69
68
7 473
7 364
.0513
.0524
.0524
.0524
.0524
. 0524
.0524
.0524
.0524
. 0524
. 0524
. 0524
.0524
69.00
.0413
72.00
.0438
72.00
.0438
72.00
.0438
72.00
0438
72.00
0438
72.00
0438
72.00
0438
72.00
0437
72.00
0437
72.00
0437
72. 00
0437
" 72. 00
v
0437
40.50
44.50
45.50
40.50
36.50
36.50
33.50
30. 50
28.50
25.50
26.50
29. 50
» 29. 50
4, 459
2,086
90
3,901
1,975
117
4,013
2,026
94
4,052
1 950
123
3,748
2 101
90
3,404
1 848
88
3 231
2 003
3 538
1 600
3 141
1 681
68
3 066
l' 950
3 238
1 892
3 101
1 gos
3 208
9 038
6
41
34
7
5, 090
r 2
951
r 2 140
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders, unfilled, for sale
thous. of short tons__
Shipments total
do
For sale
do
Castings, malleable Iron:
Orders unfilled, for sale
short tons._
Shipments total
do
For sale
do
Pig iron:
Production
thous. of short tons _
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons_Prices, wholesale:
Composite
dol. per long ton. _
Basic (furnace)
-do
Foundry, No. 2, f. o. b. Neville Island, .do
Steel. Crude and Semimanufactures
Stool castings:
Shipments, total
short tons
For sale, total
_ _
__ do.
Railway specialties
do
Steel forgings:
1,
Orders, unfilled, for sale
do
Shipments, for sale, total _
.
do.
Orop and upset
_
do
Press and open hammer
do
Stool ingots and steel for castings:
Production
thous of short tons
Percent of capacity t
Prices, wholesale:
Composite, finished steel
dol. perlb..
Steel billets, rerolling, f. o. b. mill
dol. per short ton. .
Structural steel, f. o. b. mill
dol. per Ib
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton._
1
1
71
72
Steel. Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
.thousands _
Shipments
_
_
do
Stocks, end of month...
do
78
71
73
f\7
fio
^7
r
Revised.
r Preliminary.
i Data beginning August 1953 represent industry totals based on a different sample.
*New series. Data for hardwood plywood are compiled by the U. S. Department of Commmerce, Bureau of the Census; they cover all known market producers of hardwood types, except
rig, on the average,
vancofor generally
at ion.
Ill products to the
iraMlity with the
..^.. ,.^ V v*.
„ ,» ^ v;i 1,0 UC£.LII.II.J.IJ.£ tiaimai jr ij7<jo 0,0 piiunoinjv^ i
h ill 19o3
9 Provisions for 1952 are shown in the April 1954 SURVEY.
JFor 1954, poreent of capacity is calculated on annual capacity as of January 1, 1954, of 124,330,410 tons of steel; 1953 data are based on capacity as of January 1, 1953, of 11 7,547.470 tons.
SURVEY OF CURRENT BUSINESS
August ]f>54
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-33
1953
June
July
August
September
1954
October
November
December
January
February
March
April
May
June
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products—Continued
Cans, metal, shipments (in terms of steel consumed) ,
total
short tons..
Food
do
Nonfood
do
Shipments for sale
do
Commercial closures production
millions..
Crown* 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
Plate*
do
Raih
do
Sheets
do____
Strlp* Cold rolled
do
Hot rolled
do
Structural shapes heavy
-- do
Tin plate and terneplate
do
Wire and wire products
do
357, 767
220, 481
137, 286
311,575
1,348
31, 605
446, 772
299, 306
147, 466
407, 362
1,281
30, 752
506, 215
360, 564
145, 651
457, 387
1,259
29, 155
484, 561
346, 645
137, 916
432, 830
1,226
27, 244
368, 917
239, 111
129, 806
329, 545
1,283
24, 746
314, 408
190, 280
124, 128
280, 289
1,097
22, 378
192, 403
123,416
68, 987
155.000
1.137
21, 972
264 708
161 320
103 388
224 580
1 089
24 581
260, 053
157 880
102, 173
225 597
1,207
26, 572
291 408
164 484
126 924
252 096
1 410
31, 680
323, 903
187 779
136 124
278 292
1,386
31,285
317, 344
179, 802
137, 542
275, 991
T
1, 308
29, 767
1,449
32. 020
6.950
843
157
329
847
614
162
1,924
190
210
397
441
426
6,583
794
166
295
801
587
156
1,957
151
161
414
405
328
6,499
750
148
252
778
586
150
1,921
188
195
391
390
378
6, 401
723
163
232
833
586
162
1,864
191
192
393
340
349
6,727
758
161
232
864
644
164
2,003
194
180
442
361
329
5,904
633
140
190
728
609
182
1,768
169
151
443
303
270
5,685
586
125
190
714
633
185
1,674
140
116
481
266
264
5 728
569
111
169
664
572
178
1,738
123
127
473
411
292
5,365
549
113
165
664
529
178
1, 519
113
116
438
393
314
5,584
546
125
161
748
544
166
1,496
U2
120
437
475
366
5,288
479
146
153
765
457
122
1,481
99
111
384
445
375
5,423
494
163
136
731
442
82
1,539
94
125
353
607
394
5,887
532
211
157
780
421
108
1,657
107
140
373
f.90
423
104,152
427, 849
109, 285
390, 184
110, 545
442, 171
109, 333
402, 340
108,219
363, 945
105, 636
400, 077
110, 291
434, 958
116 247
438, 392
110, 483
462, 577
122, 339
474, 966
120 434
435, 681
125, 138
451, 744
120, 758
.0936
.1000
.0900
.0900
.0825
.0996
. 1033
.0892
.0875
.0892
.1037
. 1092
.1000
262. 1
56.5
205.6
121. 2
.429
254.0
51.2
202.8
123.4
.429
241.4
50.4
191.0
117.8
.429
237.4
53.3
184.1
111.8
.417
241.2
55.1
186.1
113.6
.417
199.9
51.0
148.9
89.4
.417
200.8
51.6
149. 2
91.2
.417
205 4
51.4
153.9
84.3
.417
196.5
51.2
145. 3
80.5
.417
226.2
56.2
170.0
93.0
.417
227.2
53.0
174.2
96.9
.417
216. 3
47.7
' 168. 7
94.9
.417
184.2
101.9
P417
73, 635
76, 492
75, 581
75, 442
80, 005
75, 165
77,019
74, 697
65, 299
71, 289
68, 383
' 71, 424
72,612
84, 948
127, 294
139, 300
58, 126
7,278
80, 943
39, 993
40, 950
.2969
88, 063
122, 036
104, 481
77, 100
13, 317
66, 200
48, 201
17, 999
. 2969
84, 953
108, 974
106, 985
78, 825
18, 064
48, 348
32, 087
16,261
.2961
86, 748
114, 760
104, 886
72, 907
18, 249
57, 676
48, 261
9,415
.2962
92, 435
126, 138
110,519
84, 303
18,870
51,095
35, 351
15, 744
. 2960
85, 724
119, 230
100,908
93, 274
15,827
32, 414
26,011
6, 403
. 2965
88, 732
123, 296
112, 244
89, 193
26, 416
32, 261
19,116
13,145
.2967
84,216
111 553
77, 091
108,121
30, 472
34 790
20, 533
14,257
.2967
74, 428
103, 496
89, 017
118, 417
25, 499
55, 617
41,155
14, 462
.2967
81, 100
117, 546
95, 795
125,759
19, 043
43 214
31,961
11,253
.2969
77, 463
112 617
104 579
124,523
31 235
46 547
32 372
14 175
.2970
28, 349
30, 753
26, 364
27, 339
26, 083
27, 709
26, 474
27, 637
26, 652
27, 934
24, 671
26, 904
27,107
28, 81 2
24 695
26, 202
27, 443
29, 342
29, 316
31 , 520
36, 880
44, 140
56, 569
40, 210
35, 652
61,017
38, 022
40, 836
58, 103
42, 154
41, 598
58, 490
44, 741
44, 987
58, 236
52, 562
43, 234
67, 494
48, 6K7
35, 007
81, 152
48 518
37, 108
92 496
42, 046
36, 551
97, 981
50 808
47, 837
100 927
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production primary
short tons
Imports bauxite
- long tons. _
Price, wholesale, scrap castings (N. Y.)
dol. perlb_.
Aluminum fabricated products, shipments,
totilcr
mil. of Ib
Cistiri s
do
Wrought products total©
do
Plate and sheet©
do
Brass sheets, wholesale price, mill
dol. perlb__
Copper:
Production:
Mine production, recoverable copper
short tons. _
Crude (mine or smelter, including custom intake)
short tons.
Reflned
do
Deliveries refined domestic
do
Stocks, refined, end of month
_
do
Fxports refined and manufactured
do _
Import* total 9
do
Unrefined Including scrap 9
do
Refined 9 '
do
Price, wholesale, electrolytic (N. Y.).dol. p e r l b _ _
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, pis', desilverized (N. Y.)
dol. p e r l b _ _
Imports, total, except mfrs. (lead content) 9
short tons__
Tin:
Production, pig§
long tons
Consumption, pig, total §
do
Primarv§
do
Stocks, nie, end of month, total§
do
Government§
do
Industrial^
do
Imports:
Ore (tin content)
do
Bars, block*, pigs, etc
do
Price, wholesale, Straits (N. Y.)
dol. per Ib.
Zinc:
Mine production of recoverable 'li c__ .short tons..
Slab zinc:
Production
do
Shipments, total
.do
Domestic
do
Stocks, end of month, . . . . _.
do
Price, wholesale, prime Western (St. Louis)
dol. per l b _ _
Imports, total (zinccontent>
short tons
For smelting, refining, and export 9
do
For domestic consumption:
Ore fzlne content) 9
...do
Blocks, pigs, etc
do
r
78, 231
108, 403
111,005
82. Ill
29, 767
51, 974
32, 118
19 856
. 2970
85, 089
112 121
106, 252
69, 181
26 844
28 508
<• 25, 395
25, 762
25 576
28, 26(>
46 730
47 161
100 441
49, 139
40, 183
109, 302
42 317
46 987
104 626
.1411
.2970
.1341
.1368
.1400
.1374
.1350
.1350
. 1326
.1282
.1294
. 1390
. 1400
45, 891
30, 796
41, 234
22, 039
34, 107
39, 873
30, 570
43,043
46, 957
51,708
49, 126
62. 089
3,245
7,508
4,989
13, 391
1,935
11, 456
3,151
6,580
4,329
16, 932
4,935
11, 997
2,798
6,619
4,257
20, 340
7,536
12, 804
2,962
6, 855
4, 276
23, 466
10, 436
13, 030
3,011
6,519
4,001
26, 164
13, 086
13, 078
2,964
5, 826
3,698
28, 460
15, 717
12, 743
2, 986
6, 182
3,822
32, 928
18,467
14,461
2
6
4
35
22
12
957
260
060
674
767
907
3,232
6, 350
4, 230
39, 389
26, 646
12, 743
3 804
7 190
4 720
38 204
26 650
11 554
3 207
7 230
4 850
r 33 371
22 152
r 11 219
7
235
7, 210
5 100
19 581
fi 842
12 739
4,230
5, 495
.9295
2,798
5,821
.8163
1,214
6, 992
.8068
2 376
6,388
. 8085
3 329
5, 067
.8319
2 781
6 176
.8483
2 417
3,987
.8504
1 346
5 383
. 9188
5 021
.9612
16
5 828
. 9353
. 9421
46, 365
42, 305
40, 965
39, 188
38, 771
36, 460
37. 745
38, 852
38, 122
41, 252
39, 945
<• 40, 031
40. 540
81,617
76, 784
72, 612
97, 285
80 825
74, 204
69, 498
103, 906
83 241
69, 250
65 450
117,897
81 211
57, 547
55 167
141 561
84 031
67,175
65 470
158 417
75 891
68, 685
63 617
165 623
79 116
63, 896
55 487
180 843
78 561
60, 692
54 865
198 712
68 020
66, 738
57 781
199 994
71 186
70, 080
66 929
201 100
70 258
70.618
67 1 52
200 740
64, 560
61 859
^09 828
80, 244
.1100
102, 632
143
.1100
66, 834
182
.1098
54 950
49
.1018
53 446
124
.1000
61 532
325
.1000
48 538
2 831
. 1000
73 246
4 454
. 0976
66 3^3
9 455
.0938
63 908
6 704
. 0964
77 774
1 264
. 1025
39 112
^054
zr\ 047
41
. 1029
. IOW
64,206
38, 283
41, 600
25, 052
38, 882
16,019
42, 062
11, 260
51, 095
10,112
36, 198
9, 509
58, 352
10,440
52,419
11,449
48, 525
8,679
61,332
15, 178
21,439
15, 619
40, 594
10. 208
1 910
5, 372
. 8231
. 1350
3 648
5, 802
. 8461
70
1 425
7 400
5 100
12 925
Q
I 9 925
CK. A
HEATING APPARATUS. EXCEPT
ELECTRIC
Radiators and e n vectors, cast iron: cf
2 591
Shipments
thous ofsq ft
2 477
3 345
3 336
3 840
2 095
2 782
Stocks, end of month
do_
7 152
9,085
8,404
7,909
5 957
6 327
5 980
6 2°2
6 126
6 906
7 453
7 696
Oil burners :t
Shipments
number..
74, 416
79, 735
95, 622
100, 955
103, 493
44, 631
62, 010
44, 966
43, 174
47, 370 r 48, 565
51,
220
Stocks, end of month
do__
86, 635
81, 190
77, 821
71. 687
67, 613
65,238 1 76, 858
75, 110 I 71, 251
77, 203 r 84, 276
82, 995
T
Revised.
*> Preliminary.
0 Data beginning January 1954 are based on a more comprehensive survey. Comparable figures for December 1953 (mil. Ib.): Total wrought products, 150.7; plate and sheet, 90.9,
9 Revisions for 1952 imports are shown in the April 1954 SURVEY.
Governm?nt stocks
ago of shipments of
SURVEY OF CURRENT BUSINESS
3-34
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 1954
1953
July
Tune
August | Segtem-
19 54
October
No v e m
b e r '
Docornbor
January
1
February
March
April
May
186, 951
5 876
172, 762
8 313
126 819
6 804
77, 109
42, 900
176 925
3 468
164, 228
9 229
125 981
6 474
76 427
43. 080
j
June
METALS AND MANUFACTURES—Continued
1
HEATING APPARATUS^ — Continued
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total
.
number. _
179, 651
Gas (incl. bungalow and combination)-. .do
Kerosene gasoline and fuel oil
do
Stoves domestic heating, shipments, total
do_ _ _
Oopl and wood
do
Oas
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, gas, shipments*
do
5. 435
167, 070
7,146
216.485
27,617
116,059
72, 809
171,491
5 796
159, 515
6,180
297, 809
47, 056
153, 104
97, 649
203, 752
7 006
187, 515
9,231
396, 268
51,841
221 532
122, 895
227, 248
9 636
209, 249
8, 363
479, 103
67. 332
239, 419
172, 352
222, 942
7 543
205, 038
10. 361
401.695
55.517
223. 002
123. 176
176, 297
6. 876
159, 270
10, 1 51
244, 688
27, 610
157,005
60, 073
1 50, 392
5 516
134, 904
9,97^
97. 479
11,028
58, 326
28, 125
151,397
4 683
137, 768
8 946
88. 689
4 471
40, 791
43, 427
168,062
6 110
153, 515
8 437
74 542
6 117
33 364
35, 061
203 584
5 643
188,519
9 ^22
94 395
7 24'>
44 691
42. 462
92, 294
49, 314
36, 296
6, 684
172, 243
90, 953
46, 939
38,318
5, 696
170,356
109, 172
54,014
47.210
7, 948
159, 730
126. 181
59, 736
56, 280
10, 165
171. 779
121,467
58, 374
53. 203
9, 890
185, 388
86, 578
43, 137
37, 895
5, 546
148, 855
64, 285
33, 495
27, 984
2, 806
135,054
57, 192
30, 927
23, 862
2,403
161, 152
57, 217
30 505
24, 267
2 445
171,490
69, 280
39 870
26. 827
2 583
184,043
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, nett
mo. avg. shipments, 1947^9=100. _
Furnaces, industrial, new orders, net:
Electric processing
thous. of dol__
Fuel-flred (except for hot rolling steel)
..do
Machine tools (metal-cutting types):
New orders
mo. avg. shipm?nts, 1945-47=100..
Shipments
_ . _ . _ __do
Pumps, steam, power, centrifugal and rotary, new
orders
- - -thous. of dol __
Tractors (except garden), quarterly:*
Shipment^ total©
do
Wheel type (excl. contractors' off-highway)
thous of dol
Tracklaying
do
52, 711
14, 831
41, 863
16,912
43, 197
16 699
' 72. 488 82, 480
43. 566
49 861
26 882
30, 210
r
2, 040
2 409
196. 767
191, 660
r
r
48 591
13 661
156.8
159. 2
236. 3
127.7
87.2
150.0
161.2
173.8
99.9
82.7
125. 3
80. 8
86.4
2,095
2, 550
2,241
1,983
1,711
5, 454
834
3, 003
1,531
1,868
1,166
1,690
909
1,624
1,356
1, 832
994
1,686
2 042
1,119
1,262
1,711
3 051
2, 423
986
3,642
273.4
342.2
247. 3
267.6
286.9
299.6
223.7
328.3
198. 7
348.4
146. 6
320. 2
149.8
301.4
173. 5
319.4
159.8
323.1
169. 6
327.2
142. 8
302. 7
' 139. 5
270 3
* 186. 8
v 277 8
5, 690
5, 533
4, 886
4,845
5. 097
4,634
4, 645
4, 057
4,272
5,093
6, 283
285, 078
206, 541
149, 094
173 955
175, 667
93, 086
112.025
84, 615
76 524
66, 201
105 302
60 207
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), ship2, 004
ments
.
thousands
Domestic electrical appliances, sales billed:
88.3
Refrigerators, index f
~- 1947-49=100
Vacuum cleaners, standard type....
number... 197, 506
313,
005
Washers
do
1
1,163,831
Radio sets, production! _.
- do
Television sets (incl. combination), productions
number, . i 524, 479
Insulating materials and related products:
Insulating materials, sales billed, indext
174.4
1947-49=100..
Fiber products:
Laminated fiber products, shipments©
10, 299
thous. of dol..
Vulcanized fiber:
4,673
Consumption of fiber paper
thous. of lb,_
Shipments of vulcanized products
1,870
thous. of dol. _
28. 551
Steel conduit (rigid), shipments*
thous. of feet-Motors and generators, quarterly:
186. 3
New orders, indext
1947-49=100
Polyphase induction motors, 1-200 hp:J
46, 319
New orders
thous. of dol
45, 863
Billings
.
do
Direct current motors and generators, 1-200 hp1. f
8,821
NTew orders
thous of dol
10, 064
Billings. -,
do
2,852
2. 528
2,707
87.4
159, 446
233, 191
674, 459
62.6
188, 536
296, 589
991,637
2,825
316, 289
603, 760
i 770, 085
680, 433
561, 237
149.8
152. 8
152. 6
154. 4
8. 872
8, 505
9, 222
4,033
4, 197
4,287
1,645
34, 048
1,720
16, 871
1,653
17,057
2, 173
r
r
1, 890
1,788
1,422
1 194
1,150
62.2
35.2
46.4
53.1
227. 253
216, 227
249, 383
190,773
349,
342
244,
144
319,066
200,
034
1
1,21 6, 525 1,052,493 1,065,785 11,101,115
95.0
221, 233
256, 596
871, 981
91.0
199, 035
306, 639
769, 232
89 0
276, 464
317
939
1
940 352
73.0
220, 849
272, 593
745, 235
J 449, 787
420, 571
426, 933
1
599, 606
457, 608
396, 287
129. 6
133.1
124.0
120.0
136. 0
124.0
1 16. 0
9,591
8,879
8,894
8, 345
8, 160
9,598
9, 235
8, 843
9, 521
4,287
3, 591
3,571
3,346
3,370
3. 850
3, 266
3,431
3.128
1,716
18, 043
1, 367
17, 488
1, 405
17, 756
1,421
16, 133
1,451
17, 230
1, 535
20, 306
1,388
20, 770
1,237
21, 784
1,236
26, 171
171.3
144.6
152 0
42. 088
41, 186
36,341
37, 804
35 208
36 304
7,917
9,521
7, 883
11,490
9 533
9, 131
1 391
1 831
74 0
' 209, 434 195, 781
254 017
309 012
722 104 i 837 655
i 544, 142
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
9 99«
2,886
2, 475
2, 650
2,378
Production
_
.
thous; of short tons
2, 904
2,315
2 370
2 632
2 204
2 354
1 958
1 877
Stocks in producers' storage yards, end of month
1,654
1,726
1,759
1,786
1,870
1,916
1,929
1,726
thous. of short tons..
1,656
1,384
1,340
1,252
1,223
323
254
324
Exports.
.
do
220
365
159
247
246
193
130
152
145
Prices:
25. 53
26. 16
26. 19
26.16
26.23
26. 36
Retail, composite 9
dol. per short ton..
26.34
26.34
26.36
26.36
26. 05
24. 40
24.40
r ]3 ^gl
14. 944
15. 550
15. 756
15. 508
Wholesale, chestnut, f. o. b. car at mine, .do
15. 319
15. 533
15. 533
15. 533
15 533
15 533
12 850
P 13 585
Bituminous:^
Production
thous. of short tons
40 583
38, 632
34 954
40 265
29 657
40 994
35 465
37 082
34 055
r 9Q n^n
31 456
28 380
Industrial consumption and retail deliveries,total
r
34, 298
31, 561
thous. of short tons..
32, 476
33, 492
36, 650
35, 769
39, 057
39, 772
32, 962
34, 134
27, 958
26, 477
25, 535
Industrial consumption, total. _
do.
28.720
29, 274
97 969
29 473
28, 973
30 942
r 23 83]
30 398
31 436
31 914
26 560
24 487
59
Beehive coke ovens
do
783
585
644
585
641
491
476
258
106
56
Oven-coke plants...
do
8,725
8, 553
9,035
8,767
8 946
8 359
8 298
8 050
r 6 658
6 901
7 298
6 811
rr nA-t
Cement mills
do
682
668
686
668
701
686
737
735
624
676
625
041
8A<3r.
Electric-power utilities. -. _
do
9 409
9, 917
8,758
9,287
9,390
9 865
10 571
10 620
8 798
9 614
8 438
9 096
2 191
Railways (class I)
do
2 227
2 134
2,168
2 239
2 092
1 939
1 610
1 601
1 347
Steel and rolling mills.. -„
do
454
449
421
424
469
481
555
566
476
532
411
381
339
Other industrial
do
6, 985 i
7,164
7,203 !
8, 262 1
8, 427
9, 185
7,160
9,268
8, 045
8,189
6,952
6, IfiO
5,416
2,841
Retail deliveries
do
3,202
5.325 \
5. 708
4.019 i
5.371
7. 143
8.336
6.402 i
6. 1 65
3 471
9 filfi
9 97O
r
Revised.
» Preliminary.
i Represents 5 weeks' production.
cf Revisions for January-July 1952 for heating apparatus and January-September 1952 for bituminous coal will be shown later.
*New series. Water-heater shipments are compiled by the Gas Appliance Manufacturers' Association beginning June 1953 and by the U. S. Department of Commerce, Bureau of the Census
for earlier months; data represent total shipments of gas water heaters based on reports from manufacturers representing 98 percent of the total industry; monthly data prior to August 1952 will
.
,
.
.
©Includes contractors' off-highway wheel-type tractors.
fRevised series, reflecting use of new base period; data prior to August 1952 will be shown later.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for June, September, and December 1953 and
March and June 1954 cover 5 weeks; other months, 4 weeks.
0 Data for January-October 1953 cover 17 companies, November-December, 18, and beginning January 1954, 19 companies
f Data beginning 3d quarter 1953 for polyphase induction motors cover 33 companies; earlier data shown cover 34 companies. For direct current motors and generators data beginning" ist
quarter 1954 cover 26 companies, 3d and 4th quarters 1953, 27; 2d quarter 1953, 28 companies.
9 Revised to represent weighted average price of anthracite stove based on quotations in 6 cities as follows: Baltimore, Boston, Laconia (N. H.), Madison (Wis.), Middletown (Conn )
and New York.
*'
SURVEY OF CURRENT BUSINESS
August 1954
Unless otherwise stated, statistics through ! ._.„.__
1952 and descriptive notes are shown in the j
1953 Statistical Supplement to the Survey ! June
S-35
1953
July
August
19£>4
September
October
November
December
January
February
March
April
May
June
PETROLEUM, COAL, AND PRODUCTS—Continued
CO A L— Continued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons.Stocks, industrial and retail dealers', end of
month, total.
. . thous. of short tons .
Industrial, total
Oven coke plants
Cement mills
Electric-power utilities
Railways ''class I)
Steel and rolling mills
Other industrial
-
-
-
Retail dealers
do
do
do
do
do do
do.
do
Exports
do._Prices:
Retail, composite!
dol. per short ton.Wholesale:
Mine run, f. o. b. car at mine
- - do. _
Prepared sizes f o b car at mine
do
COKE
Production:
Beehive
thous of short tons
Oven (byproduct)71
do
Petroleum coke d
do
Stocks, end of month:
Byproduct slants total
do
\t furnace plants
do
\t merchant plants
do
Petroleum coke
do
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton. .
73
72
73
66
66
54
19
5
4
5
29
52
62
76, 026
74, 752
77, 997
81, 005
82, 719
82, 381
80,614
75, 741
75, 194
72, 033
70, 595
69, 432
69, 646
74, 475
14, 545
1,226
36, 955
2,774
961
18,014
73, 153
13, 221
1,197
37, 767
2,576
918
17,474
76, 387
14, 698
1,341
38, 758
2 533
919
18, 138
79 372
15 910
1 454
39, 713
2 639
956
18 700
81 009
16 609
1 505
40, 468
2 605
1,028
18 794
80 642
16 720
1 541
40 487
2 562
1,008
18 324
79
16
1
39
2
075
486
461
770
570
977
17 811
74 531
14 885
1 290
38 090
2 432
931
16 903
74
14
1
37
2
71 146
13 887
1 068
37 468
2 167
830
15 726
69 611
12,856
1 071
37 504
2 049
798
15 333
68 606
12 596
1 090
38 299
1 8?9
740
14 042
68
12
1
39
1
1 551
1 599
1 610
1 633
1 710
1 739
1 539
1 210
1 165
887
984
826
3,516
3,441
3, 709
3 432
3 377
2 712
1 720
1 414
1 294
1 449
2 462
3 100
14.71
14.81
14. 84
14.99
15.07
15. 10
15. 12
15.14
15. 13
15. 12
14.99
5.796
6.491
5. 796
6. 572
5. 698
6. 665
5. 698
6 721
5. 724
6 811
5. 716
6 811
5 716
6 807
5 681
6 837
5 607
6 787
5 481
6 429
5 403
6 375
371
0, 033
377
373
6,181
364
314
5, 894
380
298
5 795
386
166
5 647
387
65
4 824
325
37
5 110
395
r a
T
029
730
173
969
350
887
16 920
803
659
144
125
811
708
13 356
843
14.70
14. 70
6. 398
4 538
i P 0. 441
2 v 4 524
35
4 658
386
r
30
4 772
379
31
4, 609
1
2
504
408
» 6, 154
350
6,340
374
409
0,311
384
2,129
1,572
557
155
53
2,221
1,529
692
141
39
2,376
1,598
778
154
48
2 475
1 624
850
157
39
2 513
1,630
883
121
40
2 658
1 , 698
959
137
34
2 727
1 682
1 045
172
29
2 787
1 715
1 049
209
36
2 744
1 649
1 096
222
26
2 719
1*525
1 194
269
29
2 860
1 579
1 281
299
24
3 012
1 657
1 355
331
36
2 973
1, 609
1 364
14.75
14. 75
14.75
14.75
14. 75
14.75
14. 75
14. 75
14. 75
14. 75
14.75
14. 75
14. 75
r
1,900
197, 837
94
212, 433
2,471
204, 701
94
220, 197
»• 2, 156
204, 059
95
222. 048
r
2, 228
196 717
93
210 686
r
2 489
194 108
91
213 017
r
2, 194
188 315
93
9
^9 599
2 253
193 2 ~8
92
9
15 892
2 599
193 453
91
215 366
2 169
178 603
91
197 914
2 563
201 702
88
214 620
2, 486
198 440
86
204 336
2, 467
200 593
89
218 178
289, 614
73, 991
197 175
18 448
287 541
72, 959
195 972
18 610
283 021
71,634
192 585
18 802
276
72
185
IS
676
738
165
773
270 811
70, 661
180 876
19 274
266 918
70 916
177 242
18' 760
271
73
180
18
280
75
185
18
310
852
995
463
282 250
75, 503
187 770
18 977
795
17 643
2 820
1 418
17 259
2. 820
1 258
20 145
2. 820
r
PETROLEUM AM) PRODUCTS
Crude petroleum:
Wells completed J
number. _
Production!
thous. of bbl
Refinery operations
percent of capacity.
Consumption (runs to stills)
thous of bbl
Stocks, end of month:
(hisoline-bearine in U S., total
do..
\trefineries
do
\t t a n k farms and in pipelines
do
On leases
do
Exports
Price (Oklahoma-Kansas) at wells
do
dol. per bbl. _
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oilf
thous. of bbl
Residual fuel oilj.
...
...
do
Domestic demand:
Distillate fuel oilj
do
Residual fuel oilj
. . _.
do
Consumption by type of consumer:
Eleelric-power plants
do
Railways (class 1)
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, Xo. 2 fuel)
dol. per gal.,
Ri-hidual (Okla., No. O f u e l ) ...dol. per bbl_.
Kerosene:
Production
- _ thous. of bbl
Domestic demand J
do
Stocks, end of month
...
do,-.
E vports
do
Price, wholesale, bulk lots (New York Harbor)
dol. per gaL.
Lubrieants.
Production
thous. of bbL.
Domest ic demand £
...
... do. ...
Stocks, refinery, end of month
do
Exports . . . . . .
- . . do.
Price, wholesale, bright stock (rnidcontinent,
f. o. b. Tulsa)
,
dol. per gal_ _
r
283, 715
73, 527
191, 879
18, 309
284, 976
74, 269
18 257
285, 352
73, 982
192, 366
19, 004
1,824
21 559
2.820
1,2?2
19 287
2.820
1,321
19 125
2.820
1 109
21 876
2. 820
1 178
19 190
2.820
1 052
17 919
2. 820
1 378
19 841
2.820
1 588
17 932
2. 820
43, 860
37, 151
44, 682
37, 942
44, 539
37, 894
43, 433
36, 098
45, 331
36, 71 6
43, 901
36, 684
44 663
38, 652
3 45, 474
39, 398
3
30, 389
43, 045
25, 140
41,330
26, 435
41, 362
34 597
42, 697
34 379
44 349
44 061
64 013
54 092
3
47,280
74 809
54, 976
' 6, 338
2, 008
6, 733
r
6, 537
1,811
6,578
' 6, 158
1 671
6, 746
8,285
* r 6, 111
1, 938
6, 747
192,450
T
r
6, 780
1 745
6 259
r
r
6, 907
1, 428
6, 099
r
7, 619
1 237
6 612
3
41,218
34, 21 5
3
3 52 840
46 978
3 54 222
48 902
3
38 269
42, 392
3
5 699
873
5 494
6 456
815
5 985
3
43 256
34, 754
84, 504
43, 801
102, 394
47, 966
119, 542
50, 007
126, 709
50 516
135, 409
50 820
133, 381
51 267
111. 944
49 370
2 721
1,646
2 143
1,400
1 460
1, 728
9 ()3i
1, 659
o 386
9 155
1, 912
2 369
1, 514
1 616
2.088
1.305
1 275
1. 756
.093
1.050
.093
1.100
.093
1.100
.098
1.200
.100
1.350
. 095
1. 450
.095
1.500
. 100
1.450
9,945
5,982
31,143
9, 940
4,945
35, 711
384
9, 897
7 802
37, 280
469
11,007
10, 624
11 947
36 271
469
11 704
18 229
29? 070
623
12 086
3 ig 287
3
22 013
418
3
11 542
a 12 682
3
20 1 83
609
. 093
.950
9.795
5,467
27,659
904
404
.103
.103
4,293
3,470
10,611
4,321
3,905
9,879
1,105
1,020
.195
. 225
. 103
9 725
38, 161
325
81, 044
47 474
3
873
91 083
2 820
45 204
36, 222
1 031
6, 031
3
867
068
304
495
70 390
47 119
3
3
28 966
39,417
4,783
638
6 381
3
42, 531
35, 582
3
4, 250
720
4, 291
••6,289
6, 378
44 362
73 581
47 009
1 516
2.110
1 911
1,037
1 992
2. 006
.097
1.200
. 095
1. 150
. 092
1.100
60 270
44 249
3
3
10 943
3 12 990
3
17 533
564
61,721
3
9 065
3 fl 893
19 656
584
3
9 350
3 4 861
23 892
158
. 103
.108
. 110
. 105
.105
. 110
.107
.105
. 102
4, 627
3, 646
9,684
1,068
4,562
4,647
4,408
2,994
10 472
965
4,221
2 720
10 646
1 282
4,204
3, 384
9,726
1, 190
4, 572
3.041
10 070
1 193
4.376
3, 563
9 700
924
4 , 553
3,211
9 846
1 184
3 579
10 385
1 002
3 321
9 745
1 456
4, 566
3 208
9 764
1 281
. 205
.205
.205
. 195
.190
. 190
.190
. 180
.180
. 205
P . 092
P 1.001
P . 102
P. 180
r
2
Revised.
" Preliminary.
' Price for large domestic sizes; not comparable with data through April 1954.
Price for screenings for industrial use, to industrial consumers; not com3
paiable w i t h data through April 1954.
Beginning January 1954, jet fuel (formerly included with gasoline, kerosene, and distillate fuel oil) is excluded. Jet fuel for May 1954 (thous. bbl.):
4
Production -from gasoline, 2,233; from kerosene, 851; from distillate, 340; domestic demand, 3,356; stocks, 2,927.
Revisions for January-May 1953 (thous. bbl.): 7,685; 6,783; 8.094; 7,150; 6,075.
t Revised series. Data represent weighted averages based on quotations in 26 cities for all sizes of bituminous coal.
a" Includes noiimurketable catalyst coke. Such production for January-May 1954 is as follows (thous. short tons): 150; 122; 139; 138; 138.
IRevisions
for 1952 appear on p. S-35 of the February and March 1954 issues of the SURVEY.
a
Revisions for May 1954 (thous. short tons): Behive, 551; oven, 6,310.
N O T E FOR S T E E L C O N D U I T S E R I E S , p. S-34. * New series. Compiled by the National Electrical Manufacturers Association from reports of 11 manufacturers representing
approximately from 70 to 80 percent of the industry. The figures comprise shipments of galvanized and black enameled rigid steel conduit and cover both the domestic and export market,
Including sales from consigned stock.
SURVEY OF CURRENT BUSINESS
S-36
August 1954
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
i 104 612
i 102 120
May
June
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products— Continued
Motor fuel:
Gasoline (including aviation) :
Production totalt
thous o f b b l
Gasoline and naphtha from crude oil}
thous ofbbl
Natural gasoline used at refineries
do
Natural gasoline sold to jobbers?
do
Domestic demand?
do
Stocks, end of month:
Finished gasoline
do
At refineries
do.- Unfinished gasoline
do
Natural gasoline and allied products. .do
Exports
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol. per gal._
Wholesale regular grade (N. Y )
do
Retail, service stations, 50 cities
do
Aviation gasoline:
Production, total
thous. of bbl__
100-octane and above -do
Stocks total
.
do
100-octane and above - -do
Asphalt:©
Production
do.
Stocks, refinery, end of month
..do
Wax:O
Production
do
Stocks, refinery, end of month
do
Asphalt products, shipments:
Asphalt roofing, total
thous. of squares..
Roll roofing and cap sheet:
Smooth-surfaced
do
Alineral-surfaced
do
Shingles all type*'
do
Asphalt sidings
do
Saturated felts d"
short tons.-
106, 943
114,123
114,321
107, 729
109, 061
108 623
112 473
1
106, 373
1
1
97 330
95, 051
8,948
2,944
114, 703
101,563
9,511
3,049
112, 960
101, 833
9,502
2,986
109, 124
95, 644
9,991
2,094
106, 158
96, 166
10, 380
2,515
106 037
95, 722
10, 145
2,756
99 210
99, 525
9, 873
3,075
100 2^5
i 94, 336
9,633
2,404
i 89 852
137, 863
78, 429
8,333
11,054
2,018
135, 724
75, 545
8, 192
11,253
2,762
137,972
77, 262
8,078
11, 959
2,509
136, 192
76, 698
7,992
12, 636
3,013
136, 398
74, 930
8,097
13, 193
2,018
142, 472
78, 021
8,275
12, 223
2 560
151,129
86, 761
8,820
10, 428
2 411
i 163,532
i 97, 997
8,172
10. 334
2 083
.104
.129
.221
.114
.142
.222
.114
.142
.220
.114
.142
.220
.114
.142
.218
.111
. 141
.220
.111
.137
.218
.108
.135
.216
7,811
6,830
9,163
4,900
7,793
6,568
9,516
5,253
8,153
7,013
9,941
5,700
7,894
6, 655
10, 099
5,640
7,337
5,994
10, 678
5,965
7,074
6,120
10, 162
5 856
7, 676
6,230
10,172
5 498
7,245
6, 156
10,773
5, 759
7,680
9,586
8,243
8,429
8, 366
7,094
7,689
5, 709
7,081
5, 541
5 181
6,244
3 888
7, 314
441
506
398
503
397
524
420
510
436
530
434
558
5,276
5, 590
6,412
5, 939
5,811
1,031
1,143
3,102
102
64, 994
1,223
1,182
3, 185
123
67, 690
1,426
1 381
3,605
148
81,386
1,278
1,373
3,289
158
71, 550
1,259
1 394
3,158
185
76, 120
1
1
107 952
1
91 851
9, 240
3, 521
i 101 549
i 90 074
8, 861
3,185
i 103 866
95, 241
9,441
3,270
i 104 418
1
1
1
168,301
99 155
8, 705
12, 295
1 888
i 168, 660
i 96 241
8, 946
13,871
.108
135
.216
.108
135
.214
.108
135
.218
0, 991
5, 580
11,099
5, 380
7,359
6,220
11,486
5 719
7,209
5 806
11 685
5 582
7.
6
12
f5
3 447
8.370
3 956
9. 589
4 895
10.970
5 392
11,530
6 888
11, 383
420
538
442
598
420
619
478
644
434
612
r>63
4,126
2.. 698
2, 565
2,846
3. 324
4.923
• 5, 374
6, 481
911
1 030
2, 185
138
60, 241
596
661
1,441
107
48, 872
573
673
1 319
89
47, 989
637
670
1 540
94
93,417
806
843
0
175
116
55 760
1 005
1 Oil
2 907
113
58 865
* 1 029
1 146
1 '"508
4' 0°8
.113
. 142
.221
85, 244
8, 987
3,099
1
86 206
i 172, 207
106, 821
7,743
10, 575
2 348
1
173, 060
104 344
8, 237
11,447
1 333
1
••> 401
".108
p 135
.216
567
569
400
632
474
r J
076
r 3 277
f 76
114
151
no
80 561
2, 035
r 2 457
2.294
2 467
4 692
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128 cu. ft.) _ .
Consumption
-do
Stocks end of month
.do. -Waste paper:
Receipts
short tons
Consumption
-- --- do
Stocks end of month
do--
2,259
2,370
4,947
2,436
2,176
5,205
2,697
2,470
5,433
2,494
2,306
5,628
2,522
2, 548
5, 601
2,367
2,380
5 58?
2,220
2, 157
5 639
2,393
2,387
5 639
2,388
2,191
5 835
2,292
2, 473
5 672
2, 000
2 371
5 288
r 4 £67
718, 942
734, 350
456, 525
656, 745
633, 320
480, 559
705, 640
743, 467
441, 216
732, 704
748, 809
424, 945
772 202
754, 254
442 481
682 394
667, 762
452 079
646 134
620 455
478 791
620 217
648 266
454 246
628 731
639 813
443 016
719 354
716 052
447 363
686 600
668 050
r 462 590
r 662 742
r 679 590
••453 '^59
1,352
45, 587
724, 651
168, 730
31, 325
190,159
97, 351
1,546
68, 163
844, 347
192, 556
37, 544
205, 005
92, 031
1,434
64, 270
775, 930
183, 200
35, 531
186, 093
89, 092
1,573
51,716
868 864
204, 710
38, 485
202, 922
96, 853
1, 504
63, 116
830 754
191,913
35, 442
189, 442
91, 576
1,337
45, 016
720 957
184, 693
34, 343
191 255
82 766
1,487
59, 370
808 709
201, 593
38,590
201 614
82 246
1,362
61, 837
735 303
182, 715
35 213
185 446
76 057
1, 541
63, 338
832 420
210, 086
40 182
209 157
80 987
1,484
56, 703
702 919
199,339
37 841
200 064
96 615
1, 573
1 , 559
64, 784
60, 742
854 198
837 Q57
' 204, 781 200, 551
39 g3i
40 123
r 902 487
199 771
r
108 715
107 026
154. 215
36, 725
38, 319
1,582
32, 525
163, 100
42, 459
37 636
1,874
31 204
153, 880
40, 615
28 206
2,677
27, 555
145, 601
43 100
28 028
3,208
25 849
156,
43
29
3
25
148
41
32
2
27
155,
42
33
3
28
159
44
39
3
164
44
33
3
99
003
329
262
608
494
161 745
43 819
r 33 020
3 388
99 965
r i^g 010
11, 885
198, 103
23, 614
84, 371
61, 293
2,604
25, 572
13, 285
160, 774
23, 848
63, 381
48, 628
2,499
21,853
9,236
186, 924
22, 303
79, 701
62, 304
2,594
19, 380
11,712
179, 473
22, 911
68, 156
60, 714
3,259
23, 417
17, 958
183, 914
24, 125
68, 156
57, 870
3,726
26, 765
17,162
174, 942
23, 603
62, 278
60, 768
3,328
23, 086
28, 965
177, 164
17, 232
76 627
57, 990
3,297
20 862
14,291
144, 406
16,210
60 617
46, 507
3,048
16 386
19, 675
171, 833
18, 302
73 943
54, 757
2 912
21 309
26, 896
178,770
20, 451
76 531
57 522
3 502
19 301
24, 229
152, 845
22, 309
66 210
45 513
2 555
15 866
34, 328
150,868
17, 823
63 660
47 105
3 287
18 710
' 2, 269
1,067
1, 077
2,042
981
941
120
2,298
1,082
1,100
117
2,225
1,065
1,053
107
2,409
1,158
1,134
116
2,186
1,046
1,031
2,023
1,012
916
95
2,164
1 066
2,043
1 014
923
106
AQ9 1 ^1
696 500
447 Q88
WOOD PULP
Production:
' 1, 484
Total, all grades
thous. of short tons__
Dissolving and special alpha
short tons.. ' 66, 226
800, 485
Sulphate (paper grades)
do
' 185, 674
Sulphite (paper grades)
do
35, 639
Soda
do
199, 893
Groundwood
- -- -- do
98, 260
Defibrated exploded, etc - do
Stocks, own pulp at pulp mills, end of month:
r
174, 314
Total all grades
- short tons _
36, 343
Sulphate (paper grades)
do
r
42, 123
Sulphite (paper grades)
do
1,497
Soda
-«- -do
35, 187
Groundwood
- -do
Exports, all grades, total
Imports, all grades, totaled
Dissolving and special alpha
Sulphate^1
Sulphite (paper grades)
Soda
- --Groundwood
-
---
do
do
do
do
do
do
do
634
766
492
298
980
629
252
808
957
298
081
188
457
754
436
946
248
363
657
29' o.%
f
5° 093
188 589
53 056
f 'i7 ^1
4 373
r 3Q s^ri
4 873
OQ
i-F-t
-1
"
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
thous. of short
Paper (incl building paper)
.
Paperboard
Building board
r
tons_.
do
do
do
T
125
109
996
101
Revised.
" Preliminary.
i See note "3" on p. S-35.
^Revisions for 1952 (old basis) appear on p. S-36 of the February 1954 SURVEY; re visions for 1952 (comparable with data for 1953) will be shown later
O Asphalt—5.5 bbl. = l short ton; wax—1 bbl. = 2801b.
cTRevisions for 1951 for saturated felts arid 3952 for wood-pulp imports will be shown later.
2,303
1 136
l' 041
'126
2,186
1 074
986
12fi
?
2, 238
1 078
1 030
130
2,270
1 094
1 044
i:-n
S-37
SURVEY OF CURRENT BUSINESS
August 1954
19 54
1953
Unless otherwise stated statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
June
July
August
September
October
November
December
January
February
March
May
April
June
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) :}
Orders, new
..
short tons .
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 lOOlb..
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
857, 394
631, 884
852, 103
853, 480
409, 929
852, 229
679, 219
785, 661
795, 157
392, 543
861, 210
670, 616
868, 688
867, 756
395, 664
871, 848
695, 869
854, 827
848, 200
396, 041
917, 863
654, 898
936, 711
937, 805
391, 840
801, 866
617, 679
857, 709
847, 182
401, 608
818, 131
589, 958
838, 559
834, 170
406, 868
875, 002
584, 558
883, 841
884, 315
394, 618
800, 817
561, 091
832, 975
817, 427
406, 158
939, 598
592, 116
927, 526
916, 598
412, 529
106,914
59, 870
108, 556
106, 764
97,500
110, 098
78, 603
91, 846
93, 699
90, 330
104, 843
72, 745
108, 168
108, 020
86, 504
100, 159
69, 503
108, 598
105, 535
91, 638
109, 887
59, 259
115. 846
116,817
86, 660
95, 228
52, 406
106, 106
100,050
92, 554
96. 009
49, 334
104, 122
100, 360
99, 271
102, 345
56, 967
103, 041
106, 930
92, 357
100, 984
58, 725
102, 297
101, 987
93. 035
114, 482
57, 995
115, 847
110,927
95, 555
308, 394
323, 335
298,215
299, 593
151, 914
310, 681
340, 284
280, 905
282, 611
150, 218
280, 988
313, 732
308, 446
301, 142
157, 512
314, 921
344, 560
294, 782
292, 487
159, 694
311, 553
317, 830
321, 420
315,040
164, 379
274, 906
312, 937
296,073
299, 811
160, 641
302, 577
311, 864
289, 628
290, 655
159, 614
298, 488
291, 065
306, 062
304, 212
161, 460
265, 291
268, 590
283, 994
279, 074
166, 420
342, 798
294, 740
322, 188
323, 037
165, 570
' 843, 494 rr 842, 664
533, 513
547, 633
' 874, 583 rr 866, 691
r
858,
753
878,
354
r
r
417, 883
410, 021
T
r
108, 483
57, 500
111, 501
" r109, 879
97, 819
r
279, 943
258, 238
303, 684
311, 678
157,576
108, 088
56, 195
110, 232
107, 486
' 99, 229
r
r
r
r
* 288, 055
249, 500
' 298, 138
300, 216
155, 498
r
r
r
856, 000
541, 595
850, 000
846, 000
421, 348
109, 000
55, 000
111,000
110, 000
100, 000
296, 000
260, 000
285, 000
286, 000
154, 498
13.72
13.80
13.80
13.80
13.80
13.80
13.80
13. 80
13.80
13.80
13.80
13.80
» 13. 80
272, C40
127, 870
279, 036
275, 893
75, 256
270, 964
140, 651
256, 249
257, 445
74, 160
308, 039
168, 164
286, 756
287, 776
77, 120
288, 155
166, 131
283, 163
280, 828
75, 060
313, 043
167, 392
313, 984
317, 495
75, 423
268, 476
149, 353
290, 817
284, 222
81, 453
260, 949
121, 145
279, 291
281, 243
76, 356
293, 628
126, 855
297, 093
290, 916
85, 460
272, 375
127, 052
278, 203
271, 865
86, 525
296, 475
124,040
302, 944
297, 929
88, 295
276, 225
117, 975
276, 575
277, 423
85, 870
' 273, 217
' 112, 185
' 283, 606
r r278, 859
91, 916
277, 000
111,000
283, 000
276, 000
98, 000
463, 193
486, 389
172, 660
491, 254
494, 212
169, 702
484, 507
498, 506
155, 703
467, 431
482, 598
140, 536
510, 772
506, 544
144, 764
473, 176
491, 450
126, 490
473, 325
488, 571
111, 244
476, 151
452, 470
134, 925
457, 927
437, 780
155, 072
515, 482
481, 487
189,067
500, 199
503, 292
185, 974
497, 221
497, 561
185, 634
490, 726
523, 966
152, 394
381, 186
90,727
89, 640
340, 044
88, 121
90, 755
359, 133
90, 824
92, 295
385, 386
85, 966
85, 824
429, 509
97, 112
96, 288
427, 904
92, 385
90, 847
388, 237
89, 656
90, 240
363,057
96, 284
95, 132
345, 642
88, 197
86, 219
400, 311
98, 115
100, 585
414, 877
89, 839
88, 968
422, 157
96, 670
98,716
384, 444
96, 564
96, 148
10,211
484, 762
76, 270
428, 210
7,577
514, 320
81,719
404, 365
6,106
539, 622
91,010
436, 879
6,248
548, 537
77, 414
402, 053
7,072
514, 419
80, 803
437, 867
8,610
464, 899
87, 468
412, 584
8, 026
477, 800
73, 969
448, 251
9,178
470, 536
88, 739
356, 455
11, 156
488, 503
96, 457
391, 503
8,686
495, 871
85, 178
454, 297
9, 557
484, 226
81, 181
399, 824
7,511
446, 739
72, 300
410, 631
7,927
453, 407
80, 566
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125.75
» 125. 75
973, 300 1,105,200 1, 139, 300 1, 078, 600 1, 021, 400 1,011,200
525, 400
482, 400
537, 900
385, 700
392, 400
423, 700
939, 700 1,122,400 1, 069, 600 1, 170, 700 1,051,000
992, 200
885, 400
330, 800
937, 700
Price, rolls, contract, delivered to principal
125. 25
ports
. __.dol. per short ton..
Paperboard (National Paperboard Association):
Orders, new
-short tons.. 1, 152, 100
494, 800
Orders unfilled end of month
do
1, 092, 000
Production, total
- do
93
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
7,119
shipments!
mil. sq. ft. surface area..
Folding paper boxes, value:
174.6
New orders
1947-49 = 100..
155.6
Shipments
do.
81
98
94
97
94
79
6,541
7, 152
7,518
7,382
6,730
6,356
162.6
143.9
176.9
158.4
160.5
169.2
172.7
177.7
149.5
152.8
736
568
168
1,014
844
738
106
1,323
1,132
1,079
89
921, 700 1, 140, 400
997, 400 1,086,600 1, 033, 000
321, 000
424, 900
369, 100
364, 200
359 800
926, 800 1, 064, 400 1, 014, 600 1,056,500 1, 054, 600
89
90
88
5,815
5,966
7, 153
6, 952
156. 4
154.1
174.0
161.9
182.3
166.0
214.7
183.0
198.6
180.2
974
789
185
826
650
176
878
707
171
1 102
1 101
46, 960
46, 897
115 228
42, 645
o3, 709
112 829
47, 721
90
89
6, 714
6 785
164.5
163.2
203.1
177 9
1 3^1
I'lOl
781
644
137
r 51 398
r 104 377
55, 983
54 089
103 643
r
PRINTING
Book publication total
New books
_
New editions
993
815
178
number of editions
do
- - do
800
214
867
212
191
855
247
894
207
290
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
_. long tons
Stocks, end of month
do
Imports, including latex and guayulej__ _ _do. ..
Price, wholesale, smoked sheets (New York)
dol. perlb..
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
48, 224
112, 959
61, 423
43, 929
118,825
54, 661
43, 732
119, 332
44, 156
45, 225
121,618
58, 625
46, 744
114, 191
46, 729
.245
.239
.234
.235
.200
80, 227
71, 751
143, 789
1,781
79, 360
61, 299
159,486
60, 677
58, 652
167, 625
1,923
68, 299
59, 241
169, 152
1,996
2,244
57 170
58, 515
166 724
1,712
26, 315
24, 637
32, 791
23, 001
23, 414
31, 506
22, 532
22, 666
30, 318
23, 360
22, 409
30, 147
23, 534
21 944
30, 692
r
r
8 153
' 9, 554
r 3 615
r
5, 794
T
145
14 883
r
r 7 131
r 7 666
T
7, 565
r 3 152
r
4, 241
172
13 446
43,251
112 677
49. 743
42, 400
112,316
112,679
45, 947
47, 140
.206
.209
221
670
523
359
59 373
50' 902
175 845
2 688
21 191
19 638
31 226
21 208
18 858
32 319
r 6 567
5, 081
r
57
52
166
2
.204
57
50
180
]
299
173
839
397
19 980
19 114
31,865
.200
53
49
183
2
51 451
106 564
49', 855
.203
.214
356
060
405
103
55 835
56' 060
184 284
2 923
21 000
19 461
32* 393
23 305
22 882
32 148
91 628
°1 8^3
31 359
47
53
174
2
581
654
983
358
.213
46
r 52
r 167
2
554
628
583
759
.231
45 954
56* 946
157 573
r 21 184
r 20 536
99 1 f\A.
r 31 105
31 3S2
22 182
TIRES AND TUBES
Pneumatic casings 'cf
Production
thousands
Shipments, total
do
Original equipment
do
Replacement equipment...
.do....
Export
_
do
Stocks, end of month
do
Exports. 1
_
_ . _
do
inner tubes: d
Production
.
__
do
Shipments
.
. _.
do
Stocks, end of month
do.
Exports
_
do
r
8 587
9, 280
3 537
r
5, 601
142
r
16 305
r
137
r 7 Oil
r
r
6 900
12, 904
59
137
T 6 391
7 294
12, 097
r
65
r
1 398
8, 797
r 6 482
5, 663
6 299
7 042
7 Q81
o rvcr
7 Qfi1^
7,002
6,308
8,243
r 2 617
r
r
2 891
7,629
r 2 218
8,319
3n9n
5,115
184
T
13 550
r 7, 423
2 837
r
4, 439
r
148
r 13 280
142
158
137
132
137
106
r 5 675
6 523
10 226
r 5 652
T 5 714
T 11 845
T 5 758
T 5 956
10 904
r 4 742
r 4 003
99
11 611
r 4 537
r 4 622
T 11 874
75
5 395
6 834
10 107
70
5 gi7
10 448
68
50
61
r 3 129
r
5, 524
r 144
r
57
2, 728
r 135
14 854
2, 902
143
r 15 706
3,993
2 634
0
3,557
118
14 977
4,935
117
15 709
4,350
116
Ifi 077
1 ^ Qflfi
1 ^ W\A.
80
178
193
6 nm
6 Afi9
U 1 7n
104
119
5 ggg
6
1 CO
9, 079
6,029
0QQ
a ni o
10 869
' 49
n
Or>4.
89
Revised.
*> Preliminary.
^Revisions for 1947-April 1953 for paper will be shown later; data prior to 1947 for unfilled orders and stocks of paper are on a different basis from revised figures, hence not comparable
Revisions for January 1952-February 1953 for shipping containers and for various months in 1952 for rubber imports appear in the May 1954 SURVEY
cf Data for production, shipments, and stocks have been revised beginning January 1953. Revisions prior to June 1953 are available upon request
SUEVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 1954
1953
June
July
September
August
1954
October
November
December
January
F
m
^^
dry "
March
April
Mav
June
STONE, CLAY , AND GLASS PRODUCTS
ABRASIVE PRODUCTS
172,177
160, 350
186, 236
202, 356
167, 782
187, 434
166. 452
158, 773
179,124
163. 553
162.256
177.518
24, 289
101
23. 795
102
22 529
97
19, 494
13. 083
4, 022
17,769
11,143
20, 084
'84
18, 740
28, 903
Ml. 925
21, 709
93
23, 567
' 23. 279
97
5, 001
24, 738
103
27, 556
10, 049
4,109
20, 243
84
14, 130
8,832
24, 134
100
26, 480
19, 204
7, 829
'27,044
'11,681
r
22, 802
97
28, 632
19, 582
8, 567
540, 453
550, 574
529, 116
546, 014
533,992
538,515
523,507 ! 559.519
545, 504
553, 979
474,163
473, 662
460, 448
514, 238
532, 442
520. 855
526, 258
Coated abrasive paper and cloth, shipments , reams... 183, 075
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
22. 698
98
26, 400
21, 542
27,092 j!
16,445
27,433
12,859
6, 652
5, 349
8,240
16, 895
78
15, 202
27, 562
10, 091
456,985
377, 53(5
294, 766
376, 203
382, 387
74
19.231
25, 869
'24,911
25, 412
10,392
CLAY PRODUCTS
Brick, unglazed:
Production t
thous. of standard brick „ .
Shipments! - .. .- do- Price, wholesale, common, composite, f. o. b.
plant ._
_
-_
dol. per thous
Clay sewer pipe, vitrified:!
Production
_______
short tons,.
Shipments
„ do
Structural tile, unglazed :t
Production
... do
Shipments
do
496, 810
380, 495
27. 839
27. 957
27. 957
28. 100
2S. 100
28. 147
28. 147
28. 033
28. 033
28. 033
28 151
28. 151
146, 893
140, 122
137, 889
145, 608
140, 372
146, 314
148,249
148.030
145, 718
154, 689
136,317
124, 789
132, 725
95, 623
US, 054
84, 965
123, 951
100, 596
145, 251
129. 280
138, 364
143, 050
136.696
82, 657
86, 445
86, 223
84, 583
85, 193
77, 760
84, 430
76, 829
87, 313
83, 163
83, 608
74, 672
76, 844
62, 907
67,871
55.146
72, 370
64, 521
81,025
77. 972
83, 211
80, 703
83. 272
81, 331
10, 720
' 11,616
10. 094
9, 298
r
r
10, 009
9,748
8, 455
11,200
11,923
10, 751
9.291
10. 839
805
779
1,364
1.145
1, 365
1,037
2,842
2.593
3, 392
2. 519
2.869
2, 803
346
514
937
350
549
913
2,175
930
166
12, 563
600
916
1,358
3,013
1,096
184
1,003
1,168
1,051
2, 255
932
196
13, 745
1, 268
1,234
1,033
11,991
776
817
923
1, 985
933
193
13. 099
T> 28. 151
139, 563
GLASS PRODUCTS
Glass containers:
352 ' 10, 068
Production
thous. of gross 'Ml,
T a
r
10, 668
10, 268
Shipments domestic total
do
General-use food:
' «950
'849
Narrow-neck food
do_
Wide-mouth food (incl. packers' tumblers,
2, 850
* 2, 773
jelly glasses, and fruit jars) . .thous. of gross. _
Beverage (returnable and nonreturnable)
r
thous. of gross .. r a 1,318
1, 128
r
'°
1,220
Beer bottles
do
1,r 441
ra
1,041
Liquor and wine
do
940
r
* o 2, 133
Medicinal and toilet
do
2, 047
Chemical, household and industrial
do-...
' « 930
'848
"226
Dairv products
do
242
Stocks, end of month
...
_ do._ r ° 10, 452 ' 10, 881
Other glassware, machine-made:
Tumblers:
5,296
Production .. .....
thous. ofdozens..
3,861
'4,799
Shipments
______
do4,931
11,089
Stocks
.
.
.
do
9,953
Table, kitchen, and householdware, shipments
2,741
thous. of dozens- .
2,739
T
r
T
12,058
11,114
r
r
11,045
r
1,122
3,401
r
r
r
'717
1,319
'945
2, 319
'989
302
r
' 10, 713
T
9, 328
9, 765
8,820
1,698
' 1.063
'758
2. 992
3,017
' 2, 582
r
440
1, 142
' 512
'940
' 1, 497
' 2, 416
'958
310
'704
'573
' 1, 366
' 2, 296
' 746
'273
r
1.139
' 727
1,019
' 2, 305
r 744
433
r
10, 932
11.520
4,635
'1,147
' 2, 332
'959
'335
' 10, 762 '11,233
11,249
r
'11,633
' 749
2, 649
r
2,262
878
234
11,548
11,219
10, 958
2,398
971
214
13, 708
4,963
5,399
5, 705
5, 389
10, 107
5, 450
5,716
10, 267
3, 986
10, 716
4, 124
3,914
10, 184
4,399
5, 355
5, 064
10, 075
10, 356
9,980
6,067
5,654
10,272
6, 075
6,152
9, 852
9,297
8, 850
3, 252
3, 793
3,725
3,015
2,444
2. 750
3. 122
3, 802
3, 148
2,987
2,827
4, 810
4,785
5, 180
5,651
6, 225
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous. of short tons .
Production
do~
Calcined production, quarterly total
__ do.
Gypsum products sold or used, quarterly total:
Uncalcined
_ _ > _ . _ _ . - short tons, _
Calcined:
For building uses:
Base-coat plasters
do._
Keene's cetnent
do
Ah other building plasters
_ _ - do~
Lath--_
-,.-.
-thous, of sq. ft._
Tile
do
Wallboardd*
do
Industrial plasters. _
_
short tons . _
822
1,968
1,798
1,190
2,198
1,867
737
2, 139
1,789
507
1,854
1,690
657, 838
680, 235
692, 165
547, 398
432, 369
13, 401
196, 988
593, 756
7 181
942, 793
66, 893
473, 536
409, 354
10, 588
219, 538
602, 035
7 437
952 870
372, 016
10, 909
' 193, 391
517. 846
|
12.081
231,835 !
660, 025
7 301
! 908 056 •
i
!
i
61,008 ...
59,866
s
!
6^ 710
' 935. 205
'64,018
TEXTILE PRODUCTS
i[
CLOTHING
Hosiery shipments
thous. of dozen pairs
Men's apparel, cuttings:* ^
Tailored garments:
Suits
--thous. of units
Overcoats and topcoats
do
Trousers (separate), dress and sport
do
Shirts (woven fabrics), dress and sport
thous. ofdoz..
Work clothing:
Dungarees and waistband overalls
do.__
Shirts
do
15,117
12,317
12,031
14, 105
14, 983
1,773
614
4, 398
i 1, 285
1456
1,713
652
1,511
562
1
1
1,655
397
390
13,370
3,829
3,725
5
1,462
1,590
1, 493
]
376
357
3
371
419
396
394
1,891
1576
i 4, 482
1,805
1440
'414
13, 555
11,924
1.566
347
i 1,1 834
285
' 3. 852
3,682
1,491
278
336
1
1, 526
1
234
'339
12, 675
2
2
2
1, 840
2256
4,512
1,520
2 256
-' 372
13, 126 \
1,732 I
14,274
'1.810
12, 628
10,844
12,215
276 i
4, 848
' 295
i 5, 520
4,800
1,412
320
1.524
392
4, 464
» 1,630
i 510
i 4, 440
1.668
11,850
1,692
1,476
i 1,430
1355
i 445
384
360
340
1 345
348
392 i
•556
i 385
Women's, misses', juniors' outerwear, cuttings
(quarterly through 1953):*
2
T
rt. 50S
5,711
2, 200
2, 442 i
3, 187
1, 542
3,731
Coats
thous of units
771 !
l, 650
2
53. 358
..
53,331
19, 332
20, 356
26, 870
26, 720
73, 107
24, 465
21, 091
Dresses
-.do. __
!
2
2,987
2 941
1,
639
i
1.774
i
1,843
747
2, 546
475
971
Suits
do
2
3,071
3,068
1, 152
1,249 i
1,432
1.189
"1.036
1,150
2,874
Waists, blouses, and shirts
thous. ofdoz..
2
1
r
See note marked "*" for change in sample co erage beginning January 1954.
p Preliminary.
Data cover a 5-week period.
Revised.
J Revisions for 1952 are shown in the August, 1953 SURVEY, c? Includes laminated board (reported as componer board), also sheathing and formboard. T Data for July, October, and
eeenibor 1953 and March and June 1954 cover 5-week periods and for other months, 4 weeks.
*New series. Compiled by the U. S, Department of Commerce, Bureau of the. Census. Data are estimated industry otals derived as follows: Men's apparel—estimates beginning January 1954
are based on a monthly sample survey of manufacturers, accounting for approximately 75 percent of the total 1952 produ •tion; data prior to 1954 are based on a sample covering establishments
that accounted for about 90 percent of the total 1951 cuttings of these items. Women's outerwear—based on reports from stablishments classified in the women's principal outerwear industries
for the specified items; monthly data beginning January 1954 are estimated from reports of producers that account for appoximately 75 percent of total output; quarterly estimates prior to 1954
were based on reports from 2,500 establishments accounting for about 90 percent of total shipments in 1951. Cuttings for 1950 arid 1951 will be shown later; data for 1952 (except men's
dungarees, etc.) are shown at bottom of p. S-38 of the December 1953 SURVEY. Cuttings of men's dungarees and waistband overalls for January-December 1952 and January 1954 appear in the
Aprila 1954'SURVEY.
Revisions for glass containers, January-May 1953 unless indicated (thous.): Production —9,795; 9,467; 11,192; 10,736; 11,466; shipments—total. 9,108; 9.001; 12,821; 9.658; 10,945; narrow-neck
food, 886; 850: 1,331; 1,036; 1,322; beverage, February, 498; April, 1,034; May, 1,150; beer bottles, 553: 592; 914; 1,000; 1,149; liquor and wine, 956; 975; 1,487; 949; 1,089 medicinal and toilet, 2,659;
2,599:
3,491; 2,103; 2,224; chemical, 912; 861; 1,180; 988; X74; dairy products, February. 217: March, 316; slocks--10,653; 10,902: 9,150; 9,942: 10,118.
SURVEY OF CURRENT BUSINESS
August 3954
S-39
1953
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the j
1953 Statistical Supplement to the Survey
July
June
August
September
19 54
October
N
Dt'cem-
°™™-
January
February
March
April
May
June
TEXTILE PRODUCTS—Continued
j
COTTON
Cotton (exclusive oflinters):
Production:
G innings § thous. of running bales ._
Crop estimate, equivalent 600-Ib. bales
thous. of bales- .
Consumption^
___ __
_ bales__ 740, 864
Stocks in the United States, end of month,
6, 189
total If
-__
thous. of bales _
6,094
Domestic cotton total
- - do
493
On farms and in transit
do
3, 996
Public storage and compresses
_
do-1,605
Consuming establishments
do
95
Foreign cotton total
do
220, 226
Exports
bales
11, 430
Imports 9
do
31.5
Prices (farm), American upland
cents per lb__
Prices, wholesale, middling, 1 M«"» average, 10
33.2
markets
..cents per lb._
Cotton linters:1f
123
Consumption
thous. of bales
66
Production
do
1,050
Stocks end of month
do_.
'316
1,166
r
' 5, 542
10, 769
r
r
14,279
14, 279
r
2
> 16. 119
16 317
a 38Q
2
3 742, 064
725, 849
702, 425
5, 605
5,510
3, 808
1, 443
19, 284
19, 204
14, 329
3,682
1, 193
1 14, 730
8,375
31.9
193, 304
9, 130
32.8
19,800
19, 720
12, 650
5, 815
1,254
80
199, 809
20, 209
33. 1
33.4
33.0
32.8
3103
122
172
987
121
60
986
* 2, 610
57, 382
4,924
47, 359
4,399
32.82
38.2
18.5
18.0
.675
.984
259
94
84
3
872, 128
684, 990
18, 723
18 640
7 gio
9 368
1 462
757, 152
678 827
684 367
17,808
17 733
5 002
11 186
1 545
16, 690
16 625
3 056
11 925
1 644
15 733
15 672
1 913
12 058
1 701
14 682
14 619
1 369
11 462
1 788
217 307
7,776
32. 5
242 848
8 510
31.8
375 035
11 070
30.7
''96 651
6 503
30.1
385 420
12 866
30.4
32.7
32.7
32 6
33. 2
34 0
113
222
95
197
83
65
75
3
3
3
111
240
1,081
124
247
1 177
1 297
45, 355
4,594
2, 424
54, 916
6,267
47 444
4 651
32.56
38. 2
18.3
18.0
32.97
38.2
18.3
18.0
32.74
37. 2
17.9
18.0
31.44
36.9
17.5
17 8
.670
.978
.660
.972
21,344
20, 007
10, 126
405
3
9, 484
3
110.9
21, 391
20, 063
9,857
493
9,279
134. 8
21,322
20 039
9, 582
491
9,044
133.9
78.8
27.0
72.0
23.8
63.6
22.8
M9
3
61
1 428
1 457
46 093
7 193
2, 558
49 493
6 306
45 560
4 777
50 457
4' 649
29.59
36.9
16 5
17 5
29.13
34.9
15 9
17 5
28. 56
34.9
16 0
17 3
27.18
34.9
15 8
16 8
b 12 680
16 465
845 036
660 209
645 875
3 781 7fj7
13 498
13 433
1 169
10 495
1 769
12 280
12 205
11 263
11 18°
10 224
10 147
9 698
1 683
8 907
1 541
8 150
429 659
16 258
31.1
417 713
24 163
31.6
336 120
ll' 679
32.2
32. 3
34 '''
34 4
34 9
63
111
221
1 376
3
3
824
66
34
734
7c
9
3
99
3 igg
1 542
01
•j 1 1 • »
108
115
105
150
KQA
1 fi^7
44 578
3 988
OA one
47 94 '%
A. 730
26.84
26. 75
34.9
15 4
1
' fi41
•)' oct;
3 gi
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterly d*
mil. of linear yards..
Exports
thous ofsq. yd
Imports?-. _
do
Prices, wholesale:
Mill margins
.
cents perlb..
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:
9
0/2 carded weaving
dol perlb
36/2, com bed , knitting
do
Spindle activity (cotton system spindles) :1
Active spindles, last working day, total. --thous..
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total.mil. of h r _ _
Average per working day
,_
._ -do
Consuming 100 percent cotton
do
Operations as percent of capacity-. --
21, 201
19, 824
9,938
497
9,330
136.1
r
3
T 6
. 655
.964
643
.939
21, 244
19 953
11, 853
479
3
11 192
3
130 6
21, 252
19 990
9, 232
474
8 719
129 1
64 6
26 0
62 9
25 5
3
3
6
34.9
15 4
16 8
949
1R
^34.9
P. 921
f\
625
.921
630
632
.921
.921
.921
.917
20, 933
19 695
10, 246
436
39 6g3
3 ng 8
20, 897
19 652
9,145
457
8 631
194 7
20, 888
19 656
9,231
469
8 697
128 1
20, 872
20, 715
20, 627
8,991
8, 932
53 9
21 9
r 55 9
r 24 3
1 Q fi9fi
11, 454
458
3
20, 646
19, 332
10, 939
3
3 ^Q 7Q9
3
26. 50
-ICO
630
3
-
26.28
34.9
.927
636
.955
P 2 431
r 2 481
10, 216
195 3
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
mil. of Ib
Staple (incl. tow)
,
do
Stocks, producers', end of month:
Filament yarn
do
Staple (incl tow)
do ..
Imports
.
thous. of lb_
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shippine noint
.
dol. per Ib.
Staple viscose 1V> denier
do
Rayon and acetate broad-woven goods, production,
quarterly cf
thous. of linear yards..
80.3
27.0
r4
56.8
30.1
7,241
59.6
32.9
7, 557
65. 1
37.0
5, 733
72 1
35 8
3, 355
74 3
34 0
2,006
.780
.336
.780
.336
.780
.336
. 780
.780
510, 093
336
336
r
55 5
r 21 1
71 3
29 9
2 277
77 2
32 7
1 775
78 6
33 1
1 215
•75 9
30 9
1 691
780
780
336
780
336
780
336
33(5
M 69, 215
'6422, 167
r go 8
r 09 2
"C
57. 7
35. 7
r
A
28 3
68. 5
66. 9
28. 1
9 9(]4
780
P. 780
P. 330
P
390 590
36S 000
SILK
Silk, raw:
Imports
thous. of l b _ _
Price, wholesale, white, Japanese, 20/22 denier,
87% (A A), f. o. b. warehouse.
dol. perlb..
593
698
814
643
695
414
521
465
449
366
5.21
5.21
5.20
5.18
5.23
5.27
5. 43
5. 58
5. 39
5.23
5. 07
' 5. 03
20, 590
10, 685
18, 653
9, 840
17, 135
9, 355
i<>, 737
9,788
14,277
'21,735
r
' 23, 040
r
8,319
7,154
3 24, 520
Ml, 738
17. 823
10, 576
1.725
i 90^1
1. 725
1. 075
5 ^ 77 rj
5 } 7^-
" 4. 53
WOOL
Consumption, mill (clean basis) \\%
Apparel class
thous. of Ib..
Carpet class
do
Imports, clean content 9
do
Apparel class (dutiable), clean content*
do
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. perlb...
Bright fleece 56s-58s, clean basis
do
Australian, 64s, 70s, good topmaking, clean basis,
in bond
-.
dol. per Ib
v Preliminary.
T
Revised.
r 7
32,
r7
136
l 0,488
21, 994
15, 141
T3
32,
T 3
1.748
1 199
8
1. 775
i Oinniiigs to Jan. 16.
r
r
630
7, 450
30, 622
13, 463
30, 596
10, 708
19, 169
10, 780
1. 725
1 189
1.778
1.725
1 174
<l
5
1 780 '
r
T
28, 332
10,012
22, 761
13, 267
T 3
29,
r3
930
l 1,790
20, 774
11,237
r
18,868
r
9, 032
16, 322
8,094
1. 725
1 200
1. 725
1 200
1. 725
1 ''04
s 1 780 •
5 i 780 '
5 ] 7§o <
r 3
r3
12,889
8, 182
1
9
05
5 1 779
r
9, 237
22, 051
10, 753
19,868
3
28, 138
9, 286
3
10, 458
1 . 688
]. 160
1. 731
I. 184
5
1. 725
1.767
1.187
5
1. 725
2 Total gainings of 1953 crop.
" Data cover a 5-week m-riod.
4 Revised data for 1st quarter 19,53 for bro-id WOVPTI fro
» Nominal price.
« Data cover a 14-week period; other data are for 13 weete
' Revisions^ m • nu-ivahJ
thous.. of Ib.):
30,396;
30,816;
a 37,360;
32,300;
carpet class,, 3 14.345;
12,952;
13,180;
a 14,645;
9,800.
«• Giimings to August 1..
«. JAugust
estl m ...
. Apparel class,, s 35,165;
,
,
,
,
,
.
,
,
,
,.
u" 1 mm
m JJ touuKiu
§Total ginnings to end of month indicated.
"
ta
JUly October alld Decembor 1953 and March and June 1954 covtir 5 week
covered ^
'
'
"
Periods and for ether months, 4 weeks; stocks and number of active spindles arc for end of
period
9 Revisions for 1952 appear in corresponding note in April 1954 SURVEY.
'New series. Imports of wool are compiled by the U. S. Department oj Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be
shown later.
JRevisionsfor 1952are shown in the August 1953 SURVEY.
d" Re visions for broad-woven goodsfor first and second quartersof!952are shown in the October 1953 SURVEY.
d uction (thous. of linear yards): Cotton, 2,611,000; rayon, 501,758.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August 1954
1954
1953
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
May
April
June
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system, wholesale price
dol. per lb._
Woolen and worsted woven goods, except woven
felts :}
Production quarterly total
thous. of lin. yd..
Apparel fabrics total
do
Other than Government orders total do
Alen's and boys'
do
Women's and children's
do
Nonapparel fabrics, total...
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz./yd., 57"/6U"--- .1947-49= 100..
Gabardine, 10^-12 H oz./yd., 66"/58".— do— -
2.170
2.170
2.110
2.098
r
94, 915
81,636
i 3, 894
77, 742
40, 471
37, 271
13, 279
i 7, 683
i 5, 596
113.9
105.3
2.122
2.158
112.9
103.6
112.9
103. 6
2.073
2.037
2
70, 885
2 62 810
'2 2 4 116
58 694
2 27 820
2
30
874
«•r 22 8, 075
5
717
r2
2 358
85, 959
'r 73, 471
3 336
f
70, 135
r
29
201
r
40, 934
' 12, 488
r
8, 044
' 4, 444
113.9
105.3
2.098
112.9
103.6
112.9
103.6
112.9
103.6
2.025
2. 037
2. 037
f 2. 043
54, 666
47 843
535
47 308
25 048
22 260
6,823
3 726
3 097
112.9
103.6
111.5
103.6
112. 1
103.6
112.1
102.6
112.1
103. 6
112.9
103. 6
TRANSPORTATION EQUIPMENT
AIRCRAFT
•Civil aircraft, shipments
number..
339
104
402
154
350
138
359
92
235
146
275
137
250
105
278
92
240
65
312
106
359
116
309
95
316
number..
do
do
do
660, 131
380
359
585, 678
568, 906
74, 073
66, 073
702, 899
376
368
596, 901
579, 602
105, 622
92, 788
614, 655
447
407
512, 730
500, 322
101, 478
89, 911
574, 631
348
344
476, 232
466, 654
98, 051
86, 919
621, 288
519
496
528, 814
516, 969
91, 955
79, 541
452, 987
371
288
378, 906
370, 511
73, 710
64, 781
484, 707
424
393
389, 628
373, 666
94, 655
80, 227
551, 130
401
361
454, 562
435, 139
96, 167
83, 563
534, 143
326
320
446, 676
425, 392
87, 141
72, 468
633 002
296
288
531 529
510, 024
101 177
85 154
631 769
379
348
534 667
515,192
96 723
79 439
588, 561
273
250
497 062
478, 889
91 226
73, 712
598, 847
350
348
507, 055
489, 994
91 442
74, 254
do
do
do
22, 661
14, 397
8,264
23, 585
13, 544
10, 041
24, 656
11, 8fS2
12, 794
22, 881
10, 455
12, 426
19, 823
8,951
10, 872
23, 557
10, 040
13 517
21, 578
10, 884
10 694
29, 700
16, 448
13, 252
31,433
18, 195
13, 238
21,780
12 177
9 603
45, 079
24 198
20 881
37, 479
18 296
19 183
9,630
9,275
2,793
6,482
355
9,201
8,883
2,538
6,345
318
9,616
9,413
2.641
6,772
203
9,809
9,612
2,294
7,318
197
8,304
8,133
2,610
5,523
171
7,796
7 603
2,539
5 064
193
5, 592
5 196
2 316
2 880
396
4,724
4,585
1,899
2 686
139
4,667
4 502
1,767
2 735
165
5,000
4 741
1 879
2 862
259
4, 746
4 535
1*865
9' (570
' 211
4,844
4 638
1 934
2 704
*206
542, 193
77, 199
533, 783
76, 161
502 430
76, 673
453 806
78, 319
504 697
82, 661
450 311
72 596
413 937
68 659
340 698
60 694
369 592
60 843
480 731
72' 583
r 5Q8 1Q9
r ^20 9 ^8
7,066
4,029
3,574
3,037
7,096
4,823
4,376
2,273
6,001
3,718
3 574
2,283
6,666
4,305
3 675
?, 361
8,963
5,636
5,631
3,327
6,574
4 173
3 912
2 401
4,752
3 169
2 873
1 583
5,101
3 815
3 658
1 286
4,041
3,014
2 947
1,027
4,826
3 793
1*030
4,195
3 138
9 981
1 057
3, 658
2 513
2 028
1 145
2,683
1 263
1 230
1 420
843
688
26
26
822
667
37
37
780
625
42
42
759
600
34
34
715
560
46
42
736
422
44
44
712
398
27
26
686
384
29
17
690
405
40
22
636
374
59
36
572
330
64
44
541
314
4]
°6
500
285
44
30
1,767
1,769
1,771
1, 772
1,775
1 777
1 776
1 777
1,775
1 773
1 771
1 768
1 764
91
5.2
45, 804
26, 880
18, 924
92
5.2
40, 119
22, 908
17,211
92
5 2
40, 224
21, 497
18, 727
94
53
37, 554
20, 651
16, 903
90
51
33, 159
15, 405
17, 754
92
5 2
30 703
13,911
16,792
88
4 9
27 678
12, 256
15, 422
91
51
23 537
9,153
14, 384
94
5 3
20, 548
6,784
13, 764
98
56
16 896
4,068
12, 828
104
58
13 964
2, 132
11,832
112
6 3
I 9 169
1,214
10, 955
11 429
1. 437
10.6
1,315
10.0
1,336
10 4
1, 216
9 7
1,223
10 0
1,222
10 2
1,232
10 5
1,215
10 6
1,210
10 8
1,222
11 2
1,169
11 1
1,180
11 4
1,117
ni
564
511
405
545
628
659
571
486
521
365
300
170
124
39
61
46
48
37
63
46
37
33
26
54
46
945
902
43
673
591
82
626
576
50
797
735
62
877
845
32
677
632
45
673
630
43
523
485
38
467
437
30
473
448
°5
366
344
9
2
445
417
MOTOR VEHICLES
Factorv sales total
-
"Domestic
-
Domestic
Trucks total
Domestic
-
-
-
do
-
-
Exports total9 ...
Passenger cars 9
Trucks and busses 9
-
-
Truck trailers, production, total
Complete trailersc?1
Vans
-- \11 other c?
Trailer chassis
Registrations:
New passenger cars
New commercial cars
do
- do __
do
~
do.
do
-
do.
_. _ _do
7^ 599
r 78* 909
5,258
4 987
2 479
2 508
271
r
>97 615
85 859
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
Equipment manufacturers, total.
Domestic
Railroad shops domestic
-
number..
do
do
do
Passenger cars, equipment manufacturers:©
Orders, unfilled, end of month, total*
do
Domestic
do
Shipments total
do
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
_numberEquipment manufacturers
-do
Railroad shops
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number _.
Percent of total on line
Diesel-electric and electric: Orders, unfilled
number of power units. _
Exports of locomotives, total!..
..number.-
0
7QC
116
a a
1,793
9,636
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
..
.
.
..
..
numberdo
do.-
9g
OOQ
~L\
r
l
Revised.
* Preliminary.
Revisions for woolen and worsted woven goods for 1st quarter 1953 in the order and in units as above are as follows1 86,152- 72 735- 8 192* 64 543- 33 13231,411; 13,417; 7,246; 6,171.
* Data cover a 14-week period: other data, 13 weeks.
» • » . » » ,
^Revisions for 1952 are shown in the August 1953 SURVEY.
9 Data exclude all military-type exports. Scattered monthly revisions for 1952 for motor vehicles will be shown later.
cf Revised beginning 1952 to include production of converter dollies; data as revised are comparable with figures through 1951 shown in the 1953 issue of BUSINESS STATISTICS. Revisions
foi January-September 1952 are shown in the December 1953 SURVEY.
©Excludes railroad shops except when noted.
*New series; monthly data prior to 1953 will be shown later.
§ Not including railroad-owned private refrigerator cars.
^Revised exports for May 1952, 41 locomotives.
U. 3. G O V E R N M E N T
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acid*..
.____.......
.
....
24
Advertising_._.-....
.......
____
7, 8
Agricultural .employment. ......—
.— _ 10
Agricultural loans and foreign trade-...
15, 21, 22
Aircraft:.....^-. — . — — — 2, 11, 12,13, 14,40
Airiine operations.-.
..__
.—,
22
Alcohol, denatured and ethyl
,._
24
Alcoholic beverages— — . — .
..... 2, 6, 8, 27
Aluminum
.
.
.....
33
Animal fats, greases, and oils
.
._ . 25
Anthracite......
11,13,14,15,34
Apparel, wearing... 2, 3,4, 5, 6, 8, 9,11,12,14,15, 3S
Asphalt and asphalt products
36
Automobiles—- 2, 3, 8, 9, 11, 12,13, 14,16,18, 21, 40
Bakery products,...
--2,11,12, 13
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
.....
11,13,14,15,34,35
Blast furnaces, steel works, etc
11,12,13, 14
Blowers and fans
-.-,
-—
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 turnover—
4
Butter..... — — —
27
Cans (metal), closures, crowns- _. ..
33
Carinadings
.
23
Cattle and calve*-..
29
Ce«i«ot and concrete products
.— - - - 6, 38
Cereals and bakery products.—
5, 11, 12, 14
Chain-store sales (11 stores and over only)—
9
Chee«e-_
1
.
27
Chemicals
2, 3, 4, 5, 11,12, 14, 15, 18, 21, 24
Cigars and cigarettes..
.
6, 30
Civilian employees, Federal _ _
. - -12
Ciay products (see also Stone, clay, etc)---- 2, 6, 38
Clothing (see also Apparel)-.
.
5, 38
Coal .. ....
2,3,11,13,14,15,21,23,34,35
Cocoa.-.----.-. — — — 22,29
Coffee
......
----- 22, 29
Coke... — —
———
— 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 val ue _ —.
.—
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-ltving index (see Consumer price
index) _ _ ~
-- - -.
. ___ ,
5
Cot ton, raw and manufactures
2,5,6,21,39
Cottonseed, cake and meal, oil
.
25
Cred i i, s hort- and intermediate-term
16
Crops.
----— 2,5,25,27,28,30.39
Crude oil and natural gas
.
2,3
Currency in circulation
.
18
Dairy products
5, 11, 12, 14, 27
Debits, bank
.
.
IS
D«l»t, United States Government
17
Department stores
...
. 9, 10. 16
Deposits, bank
- ....
15, 16, IS
Disputes, industrial. _ _ „ ,.
13
Distilled spirits..-.
. .
.
_
27
Dividend payments and rates1, 18, 20
Drug-store sales
,
_
8, 9
Dwelling units
.
7
Earniai»,s, weekly and hourly.
_ _ 13, 14, 15
Egga and poultry
......
.....— 2, 5, 29
Electric power
,
.
,
_ 5, 26
Electrical machinery and equipment-.
,
2,
.3, 4, Sf 8,11, 12, 13, 14,18, 21, 34
E-i.ployment estimates and indexes10, 11, 12
Employment Service activities
____
._
13
Engineering construction
.
,
6
'Expenditures, United States Government16
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
.
17
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks16
Fertilizers
.
.
_ _ _ - ..
5, 24
Fiber products
' '__.._.._-,
•
34
Fire losses
,.
,
7
Fish oils and nah
... 25,29
Flaxiwed ;.....—.
-— 25
Flooring
.
...
.....
31
Flour, wheat
28
Pages marked 3
2,
3, 4, 5. 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, 2 .
Foundry equipment « _
34
Freight carloadings
23
Freight cars (equipment)
._ . .
40
Freight-car surplus and shortage,
,
23
Fruits and vegetable*-.. _.....
. .... 5, 21,27
Fuel oil
„
......
._..____
35
Fuels
.
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,
...
. .
8, 9,36
Glass products (see also Stone, clay, etc.)
2, 38
Generators and motors
34
Glycerin. .
.
...
.
.
24
Gold..
.
.
.......
18
Grains and product*.....-..-_-.__. 5,19, 21, 23, 28
Grocery stores
.....
~_
9
Gross national product-.
....
1
Gypsum and products
. ,
.
6, 38
Heating apparatus
.. - . 6, 11, 12, 13, 14, 33, 34
Hides and akin*.....
.
.... 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
Imports (see also Individual commodities)- 20, 21, 22
Income, personal
....
.
......
1
Income-tax receipts.,_,
. ,
IS
Incorporations, business, new. .
..
4
Industrial production indexes. , _ _ _ _ _ _ .
2,3
Instalment credit™
.
.
16
Instalment sales, department stores
10
Instruments and related products
2,11,12, 13,14
Insulating materials-.
34
Insurance, life
.
,__.
17
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,
6,18,21,32,33
Kerosene
. ,
„
.
35
Labor disputes, turnover.
13
Labor force
.
10
Lamb and mutton,.,.
29
Lard
.
29
Lead
33
Leather and products.-... - 2, 3, 4, 5,12, 14, 15, 30,31
Linseed oil
,__
.
25
Livestock-.
_-.--___.___
2, 5. 23,29
Loans, real estate, agricultural, bank, "brokers*
(see also Consumer Credit).-...
7, 15,16, 17, 19
Locomoti ves
_ _.
-.
,
. ._
40
Lubricants
.
.
__
35
Lumber and products--.
.
, _2,
3,5,8,9,11,12,13,14,18, 31,32
Machine activity, cotton__.
.
__.
39
Machine tools
,
,
34
Machinery2, 3, 4, 5, 11, 12, 13, 14, 18, 21, 34
Magazine advertising- _ _ _ . _ ,
,
_.
S
Mail-order houses, sales _ _ _ _
-„
9, 10
Manufacturers' sales, inventories, orders
3,4
Manufacturing production indexes
....
2,3
Manufacturing production workers, employment, payrolls, hours, wages
_ - 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
24
Methanol
_.
'
Milk...
...
27
Minerals and mining2, 3, 11, 13, 14, 15, 20
Monetary statistics
,
_ _ _.
_,
18
Money orders
,—
.
8
Money supply__
.
,_,
18
Mortgage loans.
.
7, 15, 16, 17
Motor carriers™
_
.
22
Motor fuel
.—. _ _ _,— _ _ _ ,
_____
36
Motor vehicles
___.
3, 5, 8, 9, 18, 40
Motors, electrical__
_
.
34
National income and product
I
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, 18, 22, 33
Noninstalment credit-.
16
Oats
......
.
--- — — - — _ _ . _ _
28
Oil burners—
...
...
33
Oils and fats, greases
5, 25, 26
Oleomargarine
.
26
Operating businesses and business turnover-4
Orders, new and unfilled, manufacturers'
4
Paint and paint materials-.....
5, 26
Panama Canal traffic
------23
Paper and pulp
2,4,6,11,12, 14,15,22,36,37
Paper and products.--.:
2,
3, 4, 6,11,12,14,15,18, 36, 37
Passports i asued ..
.......
.
23
Payrolls, indexes.
12
Personal consumption expenditures .
1,8
Personal income
.
__.
1
Food products
Pagc3 marked S
Personal saving and d la potable income ____________I.
Petroleum and products . ___ . _________ .
__________
-.
3, 4, 5, 11, 12, 13, 14, 15, 18, 21, 22, 35, 3*>
Pig iron_________.....__________„ _ '_________- _ „ _ - . _ . 3 2.
Plant and equipment expenditures ..... _ _ . . _ .
I
Plast ic3 and- resin materials - _ _____- . . - _ ._________ 1
'2 o
Plywood. _ .______•_._ ____ ._______________ ______ • ___ •_ .
31
Population _______________ _ ______________ , ____________ IS)
Pork_________.______________• _ _ _ . - . ___ — _-._.:••
29
Postal savings _______________ ._________________
15
Poultry and egg*_________________________________2, 5, 29
Prices (see also individual commodities):
r
Consumer price index.___________________.!
r
Received and paid by farmers ___ •- - - T- - .___Retail price indexes. _ > _ _____::. ______ _ „ '
____
S
Wholesale price indexes __________ . ____________ 5, t»
Printing and publishing.—.. _ 2, 3, 4, 11, 12, 14, 15, 37
Profits, corporation ...... ______ . ____ . _____ . _ _ 1. 1 B
Public utilities..-- 1, 6, 11, 13, 14, 15, 17, 18, 19, 20, 2f
Pullman Company _ _ ___ _ _ _ _ „ _________ . ______ 23
Pulpwood_______________...________ _______ . % y
.Pumps _______________________ .
_____________
34
Purchasing power of the dollar.____________. .
6
Radio and television _______________ _____ 5, 7, 8, 34
Railroads, employment, wages, financial statistics , operations, equipment ____ .________ _
II,
12, 13, 14, 15, 17, 18, 19, 20, 22, 23, 40
Railways (local) and bus lines _________ 1 1 , 13, 14, 1 3
Rayon and rayon manufactures _____________39
Real estate..-___________._____...... 7, 16, 17, 19
Receipts, United States Government—- ______ 16
Recreation_____________.,___. _____________ 5
Refrigerators, electrical _____________________ 3^
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 ___ _____________ _
35
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, earnings_______. ____ _ _______ 2,3,4, 12, I*, 15
Rural sales _____ . ________________________ _______ 10
Rye_ _______ . _ _ . . _ . . _____ _ _______________ 23
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_______.. 8, 9, 12, 14, 15, 31
Shortening ___________________ . ____________ 26
Silk, imports, prices_________________________ 6,39
Silver ______ ___________ ________ . __________ _ ____ 18
Soybeans and soybean oil________, _ _ ,_________
25
Spindle activity, cotton ______________ , _______ 39
Steel ingots and steel manufactures (see also
Iron and steel).... _.___________...... 2,32,33
Steel scrap... . _ ________________________. _____ 32
Stocks, department stores (see also Inventories)________________________...__________Stocks, dividends, listings, prices, sales, yields *,0
Stone and earth minerals____, _ _ ______________ 2,3
Stone, clay, and glass produeto. _
------------2
3, 11, 12, 13, 14, 18, '3
Stoves... _ __________.... ...... „ - _ - „______ _
34
Sugar_______>________________.......__________22, 30
Sulfur.._________.______._____... _________ . ____ 25
Sulfuric acid_________________.. ...... .____....
24
Superphosphate _____ ________.
_______________
24
Tea__________.______ „ - _ , _ _ _ __________ _____ 30
Telephone, telegraph, cable, and radio-telegraph carriers- ________ 11, 13, 14, 15, 18, 19, 20, 23
Television,. ______ _ ______________ ..... _ _____ . _____ 7,3^
Textiles.---. 2, 3, 4, 6, 11, 12, 14, 15, 18, 21, 38, 39, 40
Tile____________-_____.........._______________.
33
Tin___._____________ _ _ , _ _ . __________ , _____________ J2» 33
Tires and inner tubes____ __________ 6, 12, 14, 15, 37
Tobacco_____. ____ 2,3,4,5,6,8, 11, 12, 14, 15, .!, 30
Tools, machine _______________ ___________ _______ 34
Tractors _ _ _ „_____________.___. . .______________34
Trade, retail and wholesale. 3, 4, 8, 9, 10, 11, 13, U. 1 5
Transit lines, local____________..._____________22
Transportation, commodity and passenger _ 5, 22, 23
Transportation equipment ____ .____. ___________ 2,
3,4, 11,12,13,14, 18,40
Travel- -----__________... ..... _ _ _ - . _ ______ 23
Truck trailers______...____.___.___....__________40
Trucks __________ . --- . -------- . _____ ,
____________
40
Turpentine and rosin_____, ___________________ 24
Unemployment and compensation_____________10, 1 3
United States Government bonds _____ 16, 17, 18, 1 9
United States Governmentfinance_____________1 o, i "
Utilities____... 1, 5, 6, 11, 13, 14, 15, 17, 13, 19, l!0, 26
Vacuum cleaners_______—
----------------34
Variety stores ___ ____ -------- ____ ----------- 9
Vegetable oils—- ...... .__________.__________25 26
Vegetables and fruits _______ _ ________ __ 2, 5, 21, a7
Vessels cleared in foreign trade_____________. _ .
'2 3
Veterans' unemployment allowances, ________ 13
Wages, factory and miscellaneous _________ 13, H, 1 5
Washers- _ _ ..... -______- - - - -_____........_
34
Water heaters ______ ,.________. _________________ 34
Wax_____-_______..._______________________36
Wheat and wheatflour___-________....____ _ 19, 28
Wholesale price indexes_________________.—
5,6
Wholesale trade______________ 3,4,10, 11,13,14, 15
Wood pulp-__ _____ -_
.......
--------------36
Wool and wool manufactures ____ ....... 6, 22, 39, 40
Zinc-. ....... .._____......---.____........
33
10
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