Full text of Survey of Current Business : December 1952
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U. S, DEPARTMENT OF COMMERCE,
OFFICE OF BUSINESS ECONOMICS
OF C U R R E N T
BUSINESS
No. 12
D E C E M B E R 1952
PAGE
-a?fife' BUSINESS SITUATION . . . . . . . . . . .
1
:'
3
Capital Goods Demand High for Early 1953 . . . .
/-
Balance of Payments Trends during the Third
;V;:;:>^ ^Quarter . . . . . . . . . . . . . . . . . . .
4
'!"*>"'
' • • " . • ' ' . ' • • " •
#
*
*
D E P A R T M E N T OF C O M M E R C E
FIELD SERVICE
Albuquerque, N. Mex.
204 S. 10th St.
Memphis 3, Tenn.
229 Federal Bid*.
Atlanta 3, Ga.
86 Forsyth St. NW.
Miami 32, Fla.
36 NE. First St.
Baltimore 2, Md.
200 E. Lexington St.
Milwaukee 2, Wis.
207 E. Michigan St.
Boston 9, Mass.
40 Broad St.
Minneapolis 2, Minn.
607 Marquette Ave.
Buffalo 3, N. Y.
117 EIHcott St<
Mobile 10, Ala.
109-13 St. Joseph St.
Butte. Mont.
306 Federal Bldg.
New Orleans 12, La.
333 St. Charles Ave<
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
New York 36, N. Y.
2 West 43d St.
Cheyenne, Wyo.
308 Federal Office Bldg.
Oklahoma City 2, Okla.
114 N. Broadway
Chicago 1, Ii!.
221 N. LaSails St.
Omaha, Nebr.
15th and Dodge
Cincinnati 2, Ohio
105 W. Fourth Sti
Philadelphia 7, Pa.
1015 Chestnut St.
Cleveland 14, Ohio
925 Euclid AT».
Phoenix, Ariz.
311 N. Central Ave.
Dallas 2, Tex.
1114 Commerce St,
Pittsburgh 22, Pa.
717 Liberty Are.
Denver 2, Colo.
142 New Custom House
Portland 4, Oreg.
520 SW. Morrison St,
Detroit 26, Mich.
1214Gri8woldSt.
Providence 3, R. I.
327 Post Office Annex
El Paso, Tex.
Chamber of Commerce
Bldg.
Reno, Nev.
1479 Wells Ave.
Hartford 1, Conn.
135 High St.
Richmond, Va.
400 East Main St.
Houston, Tex.
430 Lamar St.
St. Louis 1, Mo.
1114 Market St,
Jacksonville 1, Fla.
311 W. Monroe St.
Salt Lake City 1, Utah
109 W. Second St., So.
Kansas City 6, Mo.
903 McGee St.
San Francisco 2, Calif.
870 Market St.
Los Angeles 15, Calif.
112 West 9th St.
Savannah, Ga.
125-29 Bull Sli
Louisville 2, Ky.
631 Federal Bldf.
Seattle 4, Wash.
123 U. S. Court House
«•' •_
SPECIAL ARTICLES
^United States Direct
Investments in Foreign
,"'.-, . * ' Countries .
7
Survival Patterns of the Postwar Business
Population
12
i
if
if
if
MONTHLY BUSINESS STATISTICS
Statistical Index
S-l to S-40
Inside Back Cover
Published by the U. S. Department of Commerce, C H A R L E S S A W Y E R ,
Secretary. Office of Business Economics, M. JOSEPH MEEHAN,
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For local telephone listing, consult section
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DECEMBER 1952
THE
SITUATION
By the Office of Business Economics
USINESS activity has moved ahead in the closing months
of the year, with consumer purchasing continuing its recent
rise. Based largely upon the steady growth of personal
income, retail sales have continued the upswing evident
since mid-summer while the rise in Government purchases
of goods and services has, for the time being, moderated
considerably. Business investment has been sustained at
peak volume and the most recent survey of business programs
indicates that 1953 will start off with fixed capital outlays
by business at a high rate.
Personal income rose $2 billion to $276 billion at seasonally
adjusted annual rates in October and continued to increase
in November as nonagricultural employment expanded by
more than the amount usual at this season and as the trend
of average hourly earnings continued upward. The current
rate of personal income is about 5 percent above that prevailing in the first six months of the year.
Total civilian employment of 62.2 million, the highest
for any November on record, reflects the further expansion
of production. Most of the 900,000 additional employees
in nonagricultural lines in November were added to factory
and service industry payrolls. The factory workweek is
being lengthened; the October average workweek of 41.5
hours was a full hour longer than a year ago with the largest
increases showing up in consumer goods industries.
Commodity markets, less influenced in recent months by
inventory pressures, reflect more closely the current adjustment of supplies to final demand. Notwithstanding the
large volume of materials required to sustain the present
high rate of economic activity, the growth of supplies cur-
Business Soles exceeding 1951 and early 1952 volume
with MANUFACTURERS' SALES pulling ahead since September
28
ALL MANUFACTURES
BULLIONS O F D O I L A H S - R o t F o S c a l e s
14
DURABLE-GOODS INDUSTRIES
1952**
NONDURABLE-GOODS
INDUSTRIES
13
1952*
24
t2
ID
22
<
1951
20
'IQ
and RETAIL SALES ahead since April
15
\$
'''/<?$T''"'
ALL RETAIL STORES
- '• 10
1
i
1
| •'.:('
|
J 1
S, SEASONALLY ADJUSTED
233132°—52-
SURVEY OF CURRENT BUSINESS
rently dominates most of the price movements in primary
markets. This is particularly true of markets for agricultural raw materials where the 1952 volume of farm marketings, running 5 percent ahead of the 1951 volume from
January through October, appears certain to become the
largest in the Nation's history.
Under the impact of these heavy marketings, farm product
prices continued to decline during most of November although they did firm up a bit in the first week of December.
This decline led to lower prices of processed foods, which
dropped just as much as the raw materials during November;
the latter is likely to be reflected in some further adjustments
in retail markets.
Prices paid by farmers likewise declined in November but
less than prices received; hence the farm price parity ratio
dropped below 100 for the first time since June 1950, continuing the slow decline which began in September. Because
of the large volume of marketings, farmers 7 gross income has
continued high; thus, the net income has been fairly stable
despite the decline in the parity ratio.
Markets for commodities other than farm products and
foods continued generally firm in November, very slightly
below the October average but above the July low. Raw
industrial products, despite a drop in cotton, stabilized during
November at prices averaging slightly above their low point
at the end of October. Metal prices resisted further decline
while hides and natural rubber, which earlier had dropped
sharply from 1951 levels, scored moderate increases.
Consumer prices in October showed little change, on the
average, from September as small decreases in food, apparel,
and house furnishings approximately offset higher rent and
miscellaneous goods prices and the seasonal rise in fuels.
Compared to a year ago, October consumers' prices are up
2 percent with important divergent movements occurring in
the major groups. Higher prices for food, fuel, housing, and
miscellaneous items were partially offset by an average decline of 3 percent in apparel and housefurnishings groups.
Business sales increase
Manufacturers' shipments in October were up $1 billion
from September with wholesale and retail trade combined
showing almost another $1 billion increase. A feature of the
October sales rise was that nearly all major lines participated.
Large as were business sales, however, October output was
even larger as producers and merchants added to inventories.
The inventory increase reflected in part the attempt to rebuild stocks which were affected by the steel shutdown; in
addition, rising production and sales require somewhat
larger inventories.
Another feature of the month was that the volume of
manufacturers' sales outpaced the inflow of new orders with
the result that the unfilled order backlog dropped by $1
billion, the most substantial reduction since the outbreak of
hostilities in Korea. However, unfilled orders remained high
relative to sales. The backlog of durable goods orders at the
end of October constituted about 6 months' sales at the
current rate with backlogs of certain major groups—such as
electrical machinery and transportation equipment—being
even larger.
Retail sales moving up
Retail sales since April have boon considerably above
corresponding periods of a year ago. Seasonally adjusted
retail sales in September and October have rebounded from
the temporary setback during the summer. October was the
first month when seasonally adjusted retail sales exceeded
the previous high of January 1951, during the second buying
December 19"
wave following the Korean invasion. With retail prices no^
higher, volume has not quite reached the rate of that earli(
month, but its size is more significant since it does nc
represent short-term scare-buying, but rather is low i
relation to present income.
Current increases in sales are due in part to fortuitou
factors, such as the recent increase in automobile productio
following the severe interruption this past summer. Ther
are also some indications that consumers Avho accumulate
excess inventories of durables during the buying waves c
1950 and 1951 have reentered the market.
Durable goods sales show new
strength
Of the approximately $550 million increase in seasonal!;
adjusted retail sales from September to October, the auto
motive group of retail stores accounted for about $300 mi]
lion. All other major durable groups rose, but their clim
was not so pronounced because they had been less affectei
by the steel shortage.
Furniture and appliance store sales in October continue*
in the large volume of recent months, on a seasonally ad
justed basis. The enlarged flo\\ of personal income and hig]
rate of residential building are sustaining sales in good vol
ume. Gift buying and refurnishing for the holiday seasoi
are bringing a late fall seasonal increase for this group o
stores. Television and some other appliances, now risin:
fairly rapidly under this impetus, are also strong, even on ,
seasonally adjusted basis.
In the six months since the Federal Reserve Board sus
penclecl Regulation "W", controlling consumer credit, th
total of consumer credit has increased about $2.5 billion, o
13 percent, as compared with a 2 percent rise over the sam
six months of the previous year. The bulk of the new credi
was for durable goods, and was associated with the increasec
level of durable goods sales from May to October this yea
as compared with last.
There has been a very steady climb in consumer credit as i
percent of disposable income throughout the postwar period
This resulted mostly from the fact that consumer credit wa;
unusually low at the end of the war when the productio i
restrictions on consumer durables were just ending and tin
cash position of consumers was particularly good. Despite
the large increase of consumer credit over the past six yean
the ratio of credit to disposable income is still below tha
prevailing in 1940 and 1941.
Nondurable store sales continue rise
Aggregate sales of nondurable goods stores, which have increased steadily over the past year, maintained their advance
in October.
Sales of the food group, which account for about onequarter of total retail sales, were sustained at recent maximum volume. Food store sales have taken a larger proportion of disposable personal income in the postwar thai:
in the prewar period. Though in the short-run, fluctuations
are within a comparatively narrow range, food sales as a
percentage of disposable income have climbed steadily
since the last quarter of 1951. Current high food expenditures reflect to a large extent the rising trend in income.
Despite the strong demand, there has been some decline
in food prices in recent weeks under the pressure of largei
supplies and primarily increased marketings of beef cattle,
Apparel store sales, seasonally adjusted, picked up considerablv in October.
Capital Goods Demand High for Early 1953
BUSINESS is scheduling a continued high rate of capital
investment in the first quarter of 1953, according to the
latest quarterly survey conducted during November by the
Office of Business Economics and the Securities and Exchange
Commission. Nonfarm producers plan purchases of new
plant and equipment at seasonally adjusted annual rates
of $28.3 billion in the final quarter of this year and $28.7 billion
in the first quarter of 1953. Both quarters are higher than
the $27.4 billion in each of the first two quarters of this
year (see table 1).
To some extent current expenditures represent recovery
after the retardation of capital goods deliveries by the steel
strike in the third quarter. The widespread effects of the
slackened flow of steel is evidenced by the fact that almost
every major industry did not meet third quarter capital
schedules, and by the upward revisions in estimates for the
final quarter of this year.
Table 1.—Expenditures on New Plant and Equipment by U. S.
Business,1 1951-53
[Millions of dollars]
Manufacturing
Quarterly trends
Examination of the quarterly data indicates that currently
nondurable goods manufacturers, the electric utilities,
mining arid commercial companies comprise the major areas
of capital goods expansion. After allowance for seasonal
factors, capital outlays by the first three groups are expected
to show new highs during the first quarter of 1953, while
commercial companies have scheduled expenditures at rates
only slightly below early 1951 peaks. Among nondurable
goods manufacturing industries, the investment programs
of petroleum, chemicals, paper and beverage companies
are particularly strong.
On the other hand, outlays anticipated by the gas utilities
and nonrail transportation companies during the first
quarter of next year indicate some lowering in investment
from the fourth quarter of this year, while durable goods
manufacturers and the railroads expect to maintain end of
1952 rates.
Within the durable goods manufacturing group, a slackening in investment is evident in the first quarter programs of
the primary nonferrous metals (and more particularly,
19522
Jan.March
Apr.June
JulySept.
Oct.Dec.2
Jan.Mar.2
11, 130
12,452
2,742
3,264
2,934
3,512
3,067
Durable goods industries . 5, 168
Primary iron and steel
1,304
Primary nonferrous
metals
277
Fabricated metal products
421
Electrical machinery
and equipment
359
Machinery except electrical
675
5,869
1,326
1,506
1,387
1,649
1,397
1,681
356
468
386
471
405
502
109
122
141
131
109
350
87
89
80
93
91
389
80
96
92
121
105
763
176
189
175
223
220
810
171
189
205
245
Motor vehicles and
equipment
Transportation equipment excluding motor vehicles
Stone, clay, and glass
products
Other durable goods 4 _.
182
214
65
62
39
48
388
826
293
866
83
199
79
212
72
196
59
258
Nondurable goods industries
5,962
6,583
1,416
1,758
1,546
1,863
1,670
657
311
695
634
381
512
156
67
136
168
88
135
144
98
110
166
127
131
154
92
103
489
433
99
108
108
116
117
1. 283
1,507
325
375
366
441
393
2,014
187
2.494
245
492
55
714
67
567
58
721
66
678
50
Shifting investment patterns
The latest quarterly data indicate a noticeable strengthening in capital goods demand among many nondefense industries. The picture is mixed among defense-related
industries—with a leveling in investment among some
defense industries where expansion programs are well
advanced, and continuing growth in that area with less
advanced programs.
As a result, current programs indicate a halt in the trend
during the last two years toward the increasing importance
of the defense-related industries in aggregate fixed investment. Current programs also show little difference in the
investment trends among the various size classes of firms—
in contrast to the recent experience when the larger firms
accounted for the major expansionary force.
1953
1952
1951
Food and kindred
products
Beverages
Textile mill products. . .
Paper and allied products
_.
Chemicals and allied
products
Petroleum and coal
products
Rubber products
O t h e r 5n o n d u r a b l e
goods .
Mining
Railroad
736
(3)
42
(3)
193
327
378
86
103
94
95
84
911
850
208
220
201
221
208
.
1,474
1,398
362
381
290
365
322
Transportation, other than rail
1,492
1,394
361
378
310
345
320
Public utilities ... _ _
3,855
3,961
847
957
970
1,187
996
Commercial and other 6 _
Total
7,470
6,804
1,708
1,713
1,715
1,668
1,607
26,332
26, 860
6,228
6,913
6,420
7,298
6,519
Seasonally Adjusted at Annual Rates
[Billions of dollars]
Manufacturing
Mining
...
_
Railroads
Transportation, other than rail.
Public utilities _ . 6
Commercial and other
Total
!
12.04
.93
1 57
1.47
4.14
7.27
12.80
.87
1.48
1.35
3.99
6.85
11. 92
.79
1.20
1.25
3.70
6.87
13.40
.86
1.35
1.53
4.00
7.12
13.47
.95
1.32
1.24
4.37
7.33
27.43
27.37
25.72
28.27
28.68
1. Data exclude expenditures of agricultural business and outlays charged to current
account.
2. Estimates for the fourth quarter of 1952 and the first quarter of 1953 are based on anticipated capital expenditures as reported by business in November 1952. The seasonally
adjusted data for these quarters are also adjusted when necessary for systematic tendencies
in anticipatory data.
3. Data not available separately but are included in totals.
4. Includes lumber products, furniture and fixtures, instruments, ordnance and miscellaneous manufactures.
5. Includes apparel and related products, tobacco, leather, and leather, products and
printing and publishing.
6. Includes trade, service, finance, communication, and construction.
Source: U. S. Department of Commerce, OiFice of Business Economics, and Securities and
Exchange Commission.
SUEVEY OF CURRENT BUSINESS
aluminum), nonautomotive transport equipment and stone,
clay and glass industries. Large planned increases in investment are reported by both electrical machinery and
nonelectrical machinery companies.
1952 investment programs
If present fourth quarter plans are realized, capital outlays for 1952 as a whole will total $26.9 billion, or about
2 percent above 1951. Capital goods prices have risen only
slightly during the past two years so that the physical
volume of plant and equipment purchases have been about
the same in 1951 and 1952.
December 1052
By major industry groups, manufacturers will show the
largest increase in investment from 1951 to 1952—with their
$12.5 billion of outlays up 12 percent. Capital expenditures
by the public utilities may amount to almost $4 billion, an
increase of about 3 percent from 1951. Here an increase of
one-sixth in investment by electric power companies more
than offsets a substantial cutback by gas utilities.
The railroads, nonrail transport companies, mining firms
and the commercial and other group expect moderate reductions in 1952 investment from 1951 peaks. In the latter
group, a one-sixth rise in capital outlays by communication
companies was more than offset by widespread declines in
other sectors.
Balance of Payments Trends
. . . during the Third Quarter
"URTNG the third quarter the transactions between the
United States and foreign countries continued to adjust
toward a more balanced pattern, a development which had
started with the second quarter of the year. Special conditions—the domestic steel strike and normal seasonal developments which raised tourist expenditures to their annual peak,
and reduced the exports of the major agricultural commodities—magnified the decline in the export surplus. Yet the
rise by more than $700 million in foreign gold and dollar
assets gives an indication of the substantial improvement in
the international financial position.
The total accumulation of gold and dollar assets by foreign
countries through transactions with the United States from
March to September of this year, amounting to about $1.1
billion, exceeded the foreign liquidation of such assets
between the middle of 1951 and the end of the first quarter
of 1952 by over $100 million. Thus, for the rest of the
world as a whole, gold and dollar reserves at the end of
September were higher than at the peak of the post-Korea
boom in demand for raw materials produced abroad.
Foreign dollar position improved
The distribution of gold and dollar holdings, however, has
not restored each country to its position as of the middle of
1951. Those countries which had to draw upon their
reserves after the middle of 1951—mostly the sterling area,
Argentina and Brazil—did not participate in the gains
between March and September of 1952. The increase
accrued to other countries. Among them were some, like
Germany and Japan, which had emerged in a relatively weak
financial position after the war and others, like France and the
Netherlands, which had exhausted their reserves during the
immediate postwar period.
The deterioration in the financial position of the first group
of countries has been stopped, however, through adjustments
in their internal economies or at least in their external transactions, and more recently improvements have occurred.
Beginning with September, the sterling area started to
rebuild reserves once more and Brazil was able to make some
reductions in outstanding liabilities to the United States.
A further strengthening of the financial position of these
countries is to be expected and is in fact a prerequisite for a
liberalization in international transactions throughout the
world. However, just as the loss of gold and dollars of these
countries was only partly due to their deficit with the United
States, the gains may in part be made by developing a surplus
with other countries. The sterling area has already developed a surplus during the second quarter with the United
States if merchandise transactions (excluding shipments
under the military aid program), services, private remittances and movements of private United States long term
capital are combined. Apparently only large gold and dollar
payments to other countries prevented the addition to the
reserves of this surplus and of the funds received through
United States Government aid.
Sterling Area and Western Europe
During the third quarter the sterling area actually increased its holdings of short term United States dollar assets
by about $80 million, but the fact that total British reserves
(which include Canadian as well as United States dollars) did
not change suggests that a similar amount of Canadian dollars or gold was liquidated. The sterling area surplus with
the United States indicates that the financial position of the
area as a whole is not entirely dependent upon its transactions with this country. Gold and dollar reserves of the
sterling area could be raised by reducing the deficit with
other countries even without a further curtailment of imports from the United States. The improvement in the
settlements with other members of the European Payments
Union during recent months points in this direction.
Most of the improvement in the foreign financial position
during the third quarter took place in continental Western
Europe. The dollar assets of this area rose by $390 million,
nearly twice as much as during the second quarter. This
figure does not include the rise in dollar assets of the Bank
for International Settlements and the European Payments
Union by about $100 million, which may be considered a part
of total European dollar reserves.
The rise in dollar holdings of continental Western Europe
as in the case of the United Kingdom, reflected a surplus
with the United States as defined above, which amounted
to nearly $80 million and Government economic grants and
loans of about $370 million. During the same quarter last
year the same countries had a deficit well in excess of $300
million and a rise in reserves by $170 million. The change
from a deficit to a surplus in their transactions with the
United States, and the considerably faster rise in reserves,
provides some measure of the progress which Western Europe
has made toward a better balance in international transactions with the United States as well as other countries.
SUKVEY OF CURRENT BUSINESS
December 1952
Table 2.—Balance of Payments of the United States, by Area, the First Three Quarters, 1952
[Millions of dollars]
All areas
Dependenc es 2 Eastern Europe
Western Europe i
Canada
^r^blfS^
All other countires
International
institutions
Item
I
Exports of goods and services:
4,167
Merchandise adjusted
392
Transportation
102
Travel
Miscellaneous services:
Private
160
Government
67
Income on investments:
393
Private
Government
29
I
II >•
ID>
4,088
375
141
3,407 1,431
318
204
8
160
III*
I
II'
Hip
1
II*
Hip
1
1,383 1,070
172
146
15
13
150
14
2
149
13
3
119
11
2
1
(*)
(«)
1
(x)
(*)
1
(*)
(')
670
20
57
1
1
II
r
155
104
157
105
69
45
68
41
69
37
2
(*)
2
(')
2
(*)
1
(*)
440
14
425
41
36
23
38
5
35
29
23
30
26
(*)
1
1
5
1,720 1,401
191
197
160
3
3
7
11
r
III v \
I
I
II'
819
30
85
1?
100
1,014
81
30
931
95
31
773
85
34
901
70
5
805
64
9
20
(*)
23
6
23
2
34
8
29
9
30
8
22
14
20
48
20
58
12
71
96
(z)
82
162
3
157
6
168
3
96
2
119
2
109
4
5
838 1,059
957 1,332 1,258 1,101 1,110 1,067
966
602
21
56
586
21
157
908
76
65
859
66
54
887
62
62
618
19
5
531
25
6
498
23
6
II
w
II r
III v
III P
I
II '
717 .....
49
9
i
T
III
4
(-1
12
,2
20
13
9
2
4
T*r
20
5,317
4,613 1,816
2,844
276
203
2,690
248
336
552
120
22
546
157
75
521
137
98
303
6
16
293
7
12
187
5
13
10
(*)
(")
9
(*)
(*)
8
569
24
24
62
373
66
421
50
125
51
135
55
156
(*)
29
(*)
20
(«)
19
(«)
2
1
5
10
5
10
5
10
5
21
5
22
5
23
2
178
1
184
1
192
2
(*)
97
12
79
20
59
4
60
4
57
8
1
1
1
(*)
1
1
12
3
31
3
16
5
3
1
3
1
3
1
2
1
2
2
2
2
2
2
3
3,855
3,867
3,860
932
1,028 1,032
356
333
226
1,043
825
751
724
6
6
23
Balance on goods and services. . 1,455
1,450
753
884
692
14
7
—96
-94
86
—44
-43
-387
-403
— 30
-615
-584
— 35
Total
5,310
Imports of goods and services:
Merchandise, adjusted ._ - 2,962
245
Transportation
132
Travel
Miscellaneous services:
62
Private
Government
365
Income on investments:
77
Private
Government
_ ._
12
Total
Unilateral transfers (net):
Private
Government:
Economic aid
Military aid
Other
Total
Balance on goods and services,
and unilateral transfers (balance for "all areas" equals
net foreign investments)
United States capital (net) :
Private:
Direct investments
Other long-term
Short-term
Government:
Long-term
Short-term
Total
Foreign capital (net):
Long-term
Short-term
Gold sales [purchases (— )]
Transfer of funds between
foreign areas [receipts from
other areas (— )] and errors
and omissions
-537 -286
-603 -323
—7
—36
-1,328 -1,262 -660
-916
-509
-461
-493
—7
369 -165
-40
-421
-469
—7
-1,004 -937
-312
-658
-136
-3
331
157
253
248
58
285
316
242
-3
-4
-4
-3
1
1
i
-9
-9
Q
-35
-33
-30
-7
-30
_2
-7
-18
—1
-5
2
—1
-4
(*)
(*)
(*)
(*)
(*)
—2
_2
—2
-3
-4
-3
-4
-4
-3
-3
-3
0
-«
-35
-69 -11 -12
-8
188
328
154
205
213
41
108
54
-54
-7
-43 -203
c
-48
25
6
-47
65
-11
-66 -112
11
6
-80 -115
-20
9
10
-90
-19
37
-51
1
39
-33
12
16
-3
00
2
-10
-1
-37
(*)
-63
6
-75
-40
-42
-18
-140
-18
-39
12
-8
-4
-22
1
-1
12
1
-1
16
(*)
3
-141
-187
-23
-165
-32
64
-3
-100
15
-81
-14
-3
(*)
2
(*)
-4
-729
-212
-30
-130
4
10
-555
218
-104
203
10
58
7 -549
-2
287
(*)
(')
1
—1
(*)
0
(*)
00
00
2
15
0
(•)
2
-3
-1
i
-i
1
3
-23
220
61
447
1
1
1
15
1
29
2
1
2
1
1
243
188
162
113
23
x. Less than $500,000.
r. Revised.
p. Preliminary.
Strength of Canadian exchange
The strength of the Canadian financial position vis-a-vis
the rest of the world is not necessarily indicated by changes
in gold and United States dollar holdings but rather by
movements in the price of the Canadian dollar. Throughout
the third quarter this movement was upwards, although at a
reduced rate toward the end of the period. Canada's holdings of United States dollar assets rose by $63 million, as
against $189 million in the second quarter. The strength
in the Canadian dollar was maintained although the movement of direct investment capital from the United States to
Canada declined by $150 million from the abnormally high
amount in the second quarter and the movement of portfolio
capital reversed its direction from an outflow to Canada to
a return flow to the United States.
The excess of purchases over sales of Canadian securities
rose sharply after the invasion of South Korea and continued
almost without interruption over a period of about 2 years.
Creditfor FRASER
restrictions in Canada and the prospect of gains
Digitized
-73 -131 -108 -21 -16
-50 -73 -132
— 19 —25 —26
(*)
12
2
23
71
645
800 1,079 1,010
191
-92
81
-4
10
498
728
-5
-372
-88
-59
1
172
647
w
-168
-129
12
-8
-180
-59
4
-375
11
-7
122
1
10
-66
539
224
(')
15
14
(')
00
5 -146
-66 -206
-5
2
-224
-17 -177
-262
-126
-38 -129
-296
-65
-2
15
30
159
19
44
1
12
2
47
-1
70
-2
119
-1
32
-3
-7
-1
-5
-95
1
0
-9
9
-67
57
-73
-96
50
167
2 -132 -304
-221
I
-21 -16
-3
-9
—5
-6 —51
-1
(«)
2
9
-I
-8 -53
—2
-12 -2
-45 -32
2
26
1*7
(')
4
-4
49
30
-88
1. Western Europe includes the OEEC countries, Finland, Spain, and Yugoslavia.
2. Dependencies include Spanish dependencies.
Source: U. S. Department of Commerce, Office of Business Economics.
resulting from the appreciation of the Canadian dollar during this period stimulated this capital flow. A relaxation of
credit restrictions and the belief among some investors that,
the exchange rate of the Canadian dollar had approached a.
peak may have contributed to the excess of sales amounting
to $65 million in the third quarter. The strength of the
Canadian dollar was maintained during the third quarter,
however, by the decline of Canada's deficit with the United
States and continued large export surplus with other countries. Some decline in the exchange rate took place in
recent weeks, however.
Rise in Latin American dollar balances
The rise in dollar balances of the Latin American Republic's
also indicates that adjustments in their domestic economies
as well as tightened import restrictions have, for the area
as a whole, succeeded in balancing their international transactions. The decline in their deficit with the United States
on goods and services from $248 million in the second quarter
to $58 million in the third more than offset the $100 million
SURVEY OF CURRENT BUSINESS
6
December 1952
Table 3.—Balance of Payments of the United States, With the Sterling Area, The First Three Quarters, 1952
[Millions of dollars]
Total
United Kingdom
Other Western Europe
Dependencies
i
All other countries
Item
I
Exports of goods and services: !
Merchandise, adjusted
Transportation
_ ._
. _ _ ._
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
_ ...
Total
Imports of goods and services:
Merchandise, adjusted
Transportation
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
.
_
Total
Balance on goods and services
_ _
Unilateral transfers (net):
Government:
Economic aid
Military aid
Other
_
_
. ___
Total
Balance on goods and services, and unilateral transfers
II r
HIP
II r
I
Hip
I
II'
x
20
3
()
(x)
(x)
(x)
738
80
5
488
60
11
382
39
11
243
39
2
156
37
4
119
35
5
51
5
48
5
49
12
41
4
40
3
41
3
( xx )
( )
59
57
(x)
59
24
17
23
(x)
938
669
552
353
257
226
537
51
19
532
67
26
415
55
30
157
42
3
147
58
12
132
48
16
(*)
43
36
43
39
45
39
42
24
43
27
45
28
(x)
32
1
32
1
30
2
31
1
31
1
29
2
(x)
23
300
11
8
-74
12
2
208
9
-16
-16
-13
g
7
2
o
2
-162
(2)
-2
-144
(2)
-2
— 17
(2)
-1
-155
(2)
-134
(2)
-1
(x2 )
()
-2
(x2)
()
-1
(2)
-38
-180
-159
-26
-163
-141
-3
-4
-3
181
-251
-223
27
-225
-215
9
9
-1
-45
13
-5
(xx)
()
Total
-70
-52
-9
22
-45
1
(x)
6
117
-18
22
39
78
6
139
-19
10
36
80
-521
-11
3
287
310
112
326
98
-10
82
437
282
195
182
3
11
118
2
11
183
5
2
198
5
2
161
4
2
(x)
3
124
(x)
1
1
200
-114
8
(X)
(x)
(xx)
()
135
200
213
174
237
69
21
—9
(2)
-1
-5
(2)
-9
o
(2)
(2)
(x)
(x)
W
-53
3
(2)
(x)
1
9
3
3
(2)
-1
9
7
-10
-13
-117
-55
230
59
8
1
13
1
1
15
(«)
1
38
-4
-1
-15
(x)
24
-12
1
7
-1
-2
«
_2
(x)
-3
-48
-1
-30
2
-21
2
-1
0
13
13
-92
-19
-23
-1
5
1
-3
1
5
1
-28
(*)
16
2
-6
2
1
1
-3
-12
2
120
105
35
-44
17
(x)
1
86
(*)
-3
2
-126
(x)
-1
-1
(x)
279
3
7
2
-20
(2)
-2
-2
(x)
11
1
319
-24
-3
15
(x)
1
-62
-78
15
14
1
53
-52
-1
25
187
3
14
(x)
(x)
(x)
7
9
4
1
1
300
-1
8
7
2
5
1
1
616
-4
-3
-6
8
1
84
-64
13
-3
14
1
9
(x)
(x)
740
2
0
16
165
(x)
3
21
1
(*)
-71
-6
2
19
236
18
4
1
(*)
25
8
Hip
380
32
2
2
(s)
II r
I
50
4
2
53
5
2
219
g
III P
54
6
1
719
-520
II r
I
(X)
-24
—7
14
Transfer of funds between foreign areas [receipts from
other areas (— )1 and errors and omissions. _ -
9
10
10
1
United States capital (net):
Private:
Direct investments
Other long-term
Short-term
Government:
Long-term
Short-term
Foreign capital (net) :
Long-term
Short-term
III P
4
2
1
-108
x Less than $500,000.
r Revised.
p Preliminary.
1. Exports of goods and services have been adjusted to exclude exports of military-end-use
items financed through grants under the military aid programs and to include in merchandise for the total sterling area—but riot for the United Kingdom and other component areas—
"Special Category" exports sold for cash. For the definition of "Special Category" goods,
see Foreign Trade Statistics Notes for September 1950, published by the Bureau of the Census.
2. Military aid to the sterling area countries is not shown separately.
Source: U. S. Department of Commerce, Office of Business Economics.
reduction in the outflow of long term capital from this
country. The curtailment of net expenditures here also
facilitated some repayment of short-term obligations, which
had been rising without interruptions from the third quarter
of 1951 to the second quarter of 1952. Repayments by
Brazil in September offset about half of the rise in claims
during the first two months of the quarter.
The independent non-sterling area countries of Africa and
Asia were the only group of countries which were not yet
able to improve their reserve position. They did reduce
their net purchases in the United States, but apparently
increased their deficit in other countries. Japan continued
to gain reserves, but substantial withdrawals had to be made
by Indonesia and to a lesser extent by Egypt, the Philippines
and Israel.
$126 million in May to $66 million in July but recovered
again to $102 million by September. Automobiles, parts
and accessories fell from $104 million in May to $56 million
in August and rose again to $68 million in September. There
was also a small increase in imports of iron and steel mill
products, reversing the declining trend during previous
months. The total effect of the interruption of the steel
flow upon the trade balance during the third quarter was
large, although it can not be estimated accurately because
weakening of foreign markets may also have contributed to
the decline in exports.
Agricultural products accounted for $270 million of the
decline in merchandise exports. About 6 percent of this
decline w^as clue to lower prices; the remainder reflects in
part the usual decline at the end of the crop year. However,
exports of wheat were smaller during the third quarter of
1952 than in the corresponding period of any postwar year
except 1950. Tobacco and cotton exports were the lowest
since 1947. Apparently, therefore, exports were affected by
factors more basic than mere seasonal changes.
Export surplus declines 50 percent
As indicated above, a part of the decline in the United
States export surplus (excluding goods and services provided
under military aid programs) from $866 million in the second
quarter to $150 million in the third must be attributed to
special factors, such as the steel strike arid seasonal developments. Exports of metals and manufactures dropped from
Current influences on trade
The decline in demand for wheat is largely due to in(Continued on page 20)
by Joseph A. Zettler and Frederick Cutler
United States Direct Investments
in Foreign Countries
L HE United States equity in direct investments in foreign
countries at the end of 1950 amounted to $11.8 billion, based
on tabulations of reports submitted in the Census of American
Direct Investments in Foreign Countries undertaken by the
Department of Commerce in 1951. This compares with a
valuation for such investments of $7.9 billion in 1943, $6.7
billion at the end of 1936, and $7.5 billion at the end of 1929.
The 1950 census data were tabulated from returns of more
than 2,800 reporters covering more than 8,000 foreign organizations. The value of the American investments is given as
reflected on the books of the foreign organizations, converted
into dollars according to the exchange rates used by the
United States parent companies. This is discussed in greater
detail in the technical notes appended. The book values of
these properties are generally much lower than either of two
alternative methods of valuation—market value or replacement value—would have been in recent years. However,
there is no practical way to obtain either of the other valuations, since necessary data are not available.
A principal feature of book values is that fixed assets appear
at their depreciated original cost, which in the aggregate is
much less than their replacement cost at present price levels.
Market values cannot be established for most foreign
investments because there is no open market for such aggregates of plant and equipment. The substitute of using
current quotations of prices of publicly traded security issues
as a yardstick for valuation is not available either, since
most foreign enterprises are owned either entirely by their
parent companies, or jointly with foreign companies.
Investments in Western Hemisphere predominant
Direct Foreign Investment
of the United States
The value at the end of 1950 was about
fifty percent higher than 1943
Billions of Dollars
4
6
8
I960
1943
1936
1929
Major increase was for development o£
Western Hemisphere resources
I960
LATIN AMERICAN
REPUBLICS
CANADA
For the period 1929 to 1950, covered in table 1, United
States direct investments in the Western Hemisphere consistently accounted for about 70 percent of all direct investments abroad.
The preponderance of American direct investments in this
area reflects the development of nearby sources of raw materials for use in the expanding economy of the United States,
and also the American participation in the industrial development of countries such as Canada, Venezuela, and Brazil,
which have been growing at a comparatively rapid rate.
Direct investments in the Latin American republics increased by more than two-thirds from 1943 to 1950 and
accounted for almost 40 percent of the total at the end of
1950. Investments in these countries in the petroleum and
manufacturing industries more than doubled in the sevenyear period and accounted for $1.3 billion of the total increase
of $2.0 billion.
In Canada, direct investments increased by 50 percent
from 1943 to 1950, mainly in manufacturing enterprises and,
to a lesser extent, in petroleum. Much of this increase was
based on the reinvested earnings of the very large investments
already established in Canada in 1943.
Although there was very little change in the valuation of
direct investments in Western Europe between 1943 and 1950
NOTE.—MR. ZETTLER AND MR. CUTLER ARE MEMBERS OF THE
BALANCE OF PAYMENTS DIVISION, OFFICE OF BUSINESS ECONOMICS.
10
EUROPE
OTHER FOREIGN
COUNTRIES
Investments flowed mainly to expand
manufacturing and extractive industries
MANUFACTURING
1950
PETROLEUM
PUBLIC UTILITIES
6 TRANSPORTATION
MINING 8
SMELTING
U S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
12
SURVEY OF CURRENT BUSINESS
8
December 1952
Table 1.—Value of United States direct investments in foreign countries, by country and type of industry for 1950, and country totals
for 1943, 1936, and 1929
[Millions of dollars]
Agricul- Mining
and
ture
smelting
Areas and countries
20.5
Canada
Latin American republics:
Argentina
Boliva
Brazil
Chile
Columbia
Costa Rica
Cuba
_
Dominican Republic
Ecuador
E l Salvador
(2)
--
-- --
(2)
(2)
(2)
239.0
(22)
()
_ _ _
Guatemala
Haiti
Honduras
IVIexico
-
_ _ _ _ _ _
-
-
- -
-
Peru
Venezuela
Other Latin American republics
Total
Western Europe:
Belgium
Denmark
-
- -
Spain
Switzerland
United Kingdom
Other Western European countries
Total
240.1
313.2
72.1
3, 564. 1
2, 377. 6
1,951.6
2,010.3
77.0
2.4
137.6
137.0
29.1
34.9
2.0
70.1
14.5
8.9
22.0
()
21.7
1.5
3.9
7.6
(2)
7.0
(2)
3.0
354.6
11.4
627.0
529.9
193.5
380.1
13.2
232.7
328.3
117.0
348.3
18.3
194.3
483.7
107.5
331.8
61.6
193.6
422.6
124.0
(2)
71.8
29.2
.6
(2)
10.8
270.5
10.7
5.3
16.8
2.8
18.7
.9
1.7
.5
(22)
()
3.6
(2)
(2)
9.8
2.3
(32)
()
62.1
638.4
105.7
14.2
18.4
30.4
526.3
70.5
10.8
14.9
13.3
666.3
40.7
4.9
17.2
22.2
919.0
69.3
11.8
29.5
(2)
3.3
(22)
()
29.7
10.6
(2)
(22)
()
6.2
(2)
105.9
12.7
61.9
398.6
348.7
86.9
14.1
37.0
286.3
110.3
50.4
9.7
36.4
479.5
26.7
70.0
14.2
71.5
682.5
28.5
140.0
55.3
981.4
15.3
4, 675. 0
70.8
5.5
372.8
13.3
2,721.2
96.1
13.9
186.3
9.6
2, 803. 1
123.8
27.9
232.5
25.6
3, 461. 9
(2)
(2)
(2)
Netherlands dependencies
Total
- --
(2)
9.3
Other:
1.7
(2)
3.3
845.6
4.7
1,390.0
15.5
33.1
23.8
5.6
774.1
4.6
1.6
10.0
1.1
1, 044. 1
12.9
4.3
23.6
.6
240.3
(2)
12.4
13.1
85.3
.8
.5
6.7
3
()
48.2
3.3
(2)
17.0
19.7
92.5
37.8
36.6
34.8
7.9
161.2
121.0
19.0
.4
(2)
5.4
3. 6
(2)
10.6
3.7
5.9
18.8
1.4
.3
(2)
11.2
2.6
3.5
1.8
(2)
5.6
17.3
1.5
64.9
31.6
285.1
202.1
62.6
62.9
21.9
167.4
512.8
85.0
434.9
13.8
145.7
227.8
70.2
*64.3
15.8
145.0
216.5
113.2
(22)
(2)
(2 )
()
42.8
6.4
5.6
5.6
24.8
22.7
5.1
2.2
15.3
25.9
.5
1.0
1.8
(22)
()
13.2
1.4
5.4
2.3
5.0
2.5
(2)
(22)
(2 )
()
2.3
.6
.3
5.0
1.8
84.4
24.3
16.0
30.7
57.8
59.6
30.1
13.9
124.1
32.8
18.8
26.7
5.7
80.5
25.5
43.2
23.0
11.5
72.2
19.2
5.8
122.7
23.5
440.8
10.1
535.2
10.1
970.5
(2)
10.6
1.2
28.0
5.7
102.0
10.6
186.0
.9
16.0
.9
38.1
(2)
50.0
3.8
92.0
24.5
839.7
50.2
1,773.9
43.7
518.8
112.5
1,785.5
8.6
5 474. 1
33.0
1,165.3
16.8
5 485. 2
37.9
1,263.8
n. a.
n. a.
n. a.
n. a.
n. a.
n. a.
n. a.
259.0
93.2
88.7
.1
.2
14.7
.6
2.0
.2
.3
18.1
2.0
3.0
2.7
3.0
.9
1.2
.3
13.1
5.8
26.9
36.6
29.5
8.3
4.6
1° 120. 1
231.8
610.5
n.7 s. s.
44.0
8
27.0
n. s. s.
918.8
1° 69. 8
170.1
6
9.0
n. s. s
757.0
8
27. 1
n. s. s.
99.9
1° 66. 0
169.0
()
ST.*
3.2
.1
17.7
.4
25.2
31.9
23.4
(2)
(
\3
87.7
n. a.
Ethiopia Eritrea Libya and Tangier
Indochina
j
i
-- - -
Pakistan
Philippine Republic
- - - Saudi Arabia Iraq Jordan Lebanon, and Syria
Union of South Africa
Total
Total, all areas
(3)
13.5
(2)
(2)
Liberia
_- _-
15.3
(2)
38.7
544.9
()
2.3
8118.1
()
119.4
()
n. a.
3.8
20.4
(22)
72.2
2.3
8.8
107.2
139.1
2
Burma Ceylon Iran and Thailand
China
112.4
(2)
111.7
(22)
()
(22)
()
32.9
56.4
1,113.5
6.2
11.4
12.0
148.6
11.0
15.9
87.3
292.4
(!>
.7
1.4
5.0
(2)
(»)
7.8
2
94.8
()
5.1
n. a.
26.2
5.1
n. a.
8.0
.2
n. a.
.5
(2)
13.9
1.6
n. a.
2.8
(2)
13.0
16.0
2.0
6.0
30.7
6.8
12.5
9.7
.9
4.7
(!)
(2)
(22)
(2)
()
27.4
569.9
44.8
895.6
3,436.9
n. s. s. Not separately shown.
n. a. Valuations for properties in Eastern Europe and China were not generally available
for the end of 1950.
1. Sources for the data shown for 1929, 1936, and 1943 are as follows:
1929—American Direct Investments in Foreign Countries, Trade Information Bulletin
No. 731, U. S. Government Printing Office, Washington: 1930
1936—American Direct Investments in Foreign Countries—1936, Economic Series No. 1,
U. S.Government Printing Office, Washington: 1938
1943—Census of American-Owned Assets in Foreign Countries, U. S. Treasury Department, Office of the Secretary, U. S. Government Printing Office, Washington:
1947
The total reported in the Treasury publication was adjusted to exclude non-profit organizations and is adjusted upward by $653 million, entirely in Canada, to make it comparable with estimates for prior years and the census totals for 1950. This addition adds
back into the 1943 data the United States equity in certain Canadian companies in which
American stockholders owned more than 50 percent of the voting securities.
2. Included in totals.
3. Less than $50,000.
4. Includes Luxembourg.
2
3.6
(22)
()
12.7
174.7
2
.8
_ __
1929
284.4
n. a.
.4
3.0
5.7
1936
146.0
(2)
270.2
29.4
24.8
(J)
475.6
(2)
1943
1,881.4
-
Western European dependencies:
Belgium Portuguese and Spanish dependencies
British dependencies in Africa
British dependencies in Western Hemisphere
Other British dependencies
French North Africa
1950
total
48.5
55.1
(2)
- - --
Miscellaneous
418.1
2
(2)
--
Trade
(2)
6.1
(2)
340.6
(2)
(2)
(22)
()
Totals only 1
Finance
and insurance
334.3
--
Germany
Netherlands
(2)
7.9
(2)
3.0
(2)
Petroleum
Transportation,
com.
Manufac- municaturing tion and
public
utilities
9.2
(
1.3
(2)
44.0
210.7
3,844.5
.5
.8
1.7
-2.1
.4
(22)
(2)
()
47.1
1.1
(2)
53.6
1,428.2
(2)
4.4
4.9
29.6
1.7
13.5
79.0
758.5
(!)
2
()
2.3
4.8
.2
(33)
()
.4
-.2
.2
.7
.2
c
9.6
40.9
66.8
186.5
14.5
17.5
94.0
429.8
.2
-.5
n. a.
.1
7.8
1.6
n. a.
2.1
(2)
197.9
8.0
n. a.
39.7
5.6
114.1
3.3
40.7
16.8
1.1
89.0
n. s. s.
90.6
8.3
n. s. s.
11 149. 2
n. s. s.
113.8
6.5
n s s
-.5
1.2
(2)
2.6
3.7
.7
37.7
4.5
58.2
12.4
19.0
12 41. 3
n. s. s.
12 29. 7
n. s. s.
12 32. 7
n. s. s.
i*6.3
32.9
15 29. 6
46.7
is 13. 3
60.7
.6
.1
1.4
.2
2.1
24.4
237.9
82.0
24.8
7.8
149.2
574.6
139.9
1,361.3
11, 804. 1
n. s. s.
17.5
22., 0
13.7
n. s. s.
n. s. s.
92.2
94.6
i6 54.3
i78 17. 8
i 55. 1
49.9
481.0
486.5
7,861.6 196,690.5
n. s. s.
n. s. s.
n. s. s.
79.9
1*1.1
i8 76. 8
534.0
7, 527. /
(2)
m
-.!
(2)
(2)
(2)'
(2)
2.9
439.7
(13)
(13)
(13)
5. Includes Gibraltar and Malta.
6. Portuguese Africa only.
7. Includes French and Netherlands West Indies.
8. Includes French Lido-China, French Oceania, and Thailand.
9. Includes all of French Africa, Belgian Congo, Italian Africa, Spanish Africa, Ethiopia,
Liberia, and Tangier.
10. Includes Netherlands East Indies which appears as Indonesia hi 1950.
11. Includes New Zealand.
12. Includes Ceylon and Pakistan.
13. Included in Netherlands dependencies.
14. Includes Jordan.
" 15. Includes Cyprus, Iraq, and Syria.
16. Includes British Arabia, Iraq, and Syria.
17. Includes Bahrein and Iran.
18. Includes all other British Africa.
19. Includes $26.2 million shown as "International."
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
December 1952
This article gives the first tabulations made in the Census of American Direct Investments in Foreign
Countries, conducted by the Office of Business Economics. Complete tabulations of the data will be
published in a bulletin, including such information as total assets and liabilities, income, capital movements, reinvested earnings, and foreign income taxes paid.
These are the first comprehensive statistics collected in this field since the 1943 census conducted by
the Treasury Department, and provide a much-needed new benchmark for current estimates of the value
of direct investments abroad as well as for related income and capital movements. Some of the new
information, particularly the more detailed data for individual countries and industrial subdivisions, will be
especially useful in studies related to the role of private foreign investments in the development of foreign
countries.
as shown in table 1, there were net capital outflows from the
United States and reinvested earnings of over $600 million
in this period which were offset mainly by the effects of
currency devaluations and war losses. Investments in
France and the United Kingdom increased in value by over
$400 million, and the increase would appear larger were it
not for the depreciation of the dollar value of assets as a
result of currency devaluations. Thus, in spite of the
uncertainties in the European economic situation, American
direct investments in the two principal countries of that
area have increased proportionately as much as in the rest
of the world as a whole. A substantial amount of this
postwar investment in Europe has been in manufacturing
and petroleum refineries, which helped to reduce Europe's
demand for dollar exchange.
Investments in the Persian Gulf area increased by nearly
$700 million from 1943 to 1950, reflecting the development
of petroleum resources. Other large increases occurred in
the Union of South Africa, Australia, Liberia, and the
Philippine Republic.
Investments spread to new countries
Although table 2 shows that over 80 percent of total outstanding investments in 1950 are concentrated in relatively
few countries, American investments may be found in nearly
all parts of the world. Furthermore, a comparison of the
figures for 1929 and 1950 indicate that there was some change
in the countries attracting United States investments.
In the former year about 60 percent of the total investments
were in 5 countries: Canada, Cuba, Mexico, the United
Kingdom and Chile. By 1950 Brazil, Venezuela and Saudi
Arabia ranked among those with the most investment.
Some of the smaller countries, while not in the top group
as to total investment, nevertheless showed a more than the
average rise.
Manufacturing leads in foreign investments
Despite the postwar spurt in petroleum investments, the
manufacturing industry maintained its position as the most
important single industry in the field of American direct
investments in foreign countries. In addition, much of the
investment in the petroleum industry is in refineries, which
are usually considered a manufacturing operation.
Table 3 on page 10 shows that most of the investment in
manufacturing has gone to countries which were either well
developed industrially or were making rapid strides in that
direction. This reflects the fact that a major prerequisite
for the establishment for manufacturing branches or subsidiaries is a sufficiently large market to permit the operation
of facilities of an efficient size. In the case of many countries,
notably in the British Commonwealth, there was also the
desire to preserve or enlarge markets which could not be
233132°—52
2
reached by goods exported from the United States because of
tariff barriers or exchange restrictions.
In less-developed countries investments in manufacturing
appear to follow the development of more basic resources,
after the latter have raised incomes sufficiently to create the
necessary demand. Our investments in some of the major
countries in Latin America, as well as in the Philippines and
some of the British dominions are examples of this process.
Apparently the relatively low cost of unskilled labor in
undeveloped countries is a less important factor in attracting
American investments than a large market for finished
products and a supply of skilled or semi-skilled labor.
Table 2.^Investment in specified countries, 1943 and 1950
[Millions of dollars]
Country
Canada
Persian Gulf Area 1 .
Venezuela
Brazil... ._
UnitedKingdom
Panama 2
Chile
France
Mexico
Cuba
.
Union of South Africa
Australia
_.
Colombia-.. - ._
._.
Peru.. 2
Liberia
Philippine Republic
Total for specified countries
_
_
- .__
Increase
1950
1943
3 564
726
981
627
840
2 378
61
373
233
519
349
530
285
399
638
110
328
167
286
526
239
202
118
113
112
140
198
194
140
82
149
50
114
117
71
18
95
90
84
77
69
64
54
9,842
5,446
4,396
1 186
665
608
394
321
1. Includes Saudi Arabia, Iraq, Jordan, Lebanon, Syria, Aden, Bahrein, Kuwait, and
Qatar.
2. Increases represent mainly ships registered under foreign flags and owned mainly by
subsidiaries of United States corporations.
Source: U. S. Department of Commerce, Office of Business Economics.
One of the more important results of this new census is the
breakdown of broad industry groups into the major component sub-groups; the last information of
this type was in the
previous Commerce survey of 1940.1 For the manufacturing industry, table 4 shows a rather even distribution of
investment in 1950 over a wide range of manufactured
products.
Total investment in manufacturing abroad changed very
little from 1929 to 1943, but from 1943 to 1950 it nearly
doubled. In 1929 investments in food processing, electrical
machinery and paper and pulp producers accounted for 40
percent of the manufacturing total. In 1950 the share of
these industries was reduced to about 33 percent, although
each had grown in total value.
Between 1929 and 1940 other industry groups, such as
automotive products, chemicals, and primary and fabricated
1. American Direct Investments in Foreign Countries—1940, United States Government
Printing Office, Washington, 1942.
SURVEY OF CURRENT BUSINESS
10
metals were growing in importance. Between 1940 and 1950
there was an increase of approximately $2.0 billion in all
manufacturing enterprises, and of this total the largest increases were in chemicals ($300 million), food products ($250
million), machinery ($225 million), automotive products
($210 million), electrical equipment ($175 million), and
rubber products ($120 million). In addition,
major investments were made in "other industries77, such as textiles,
building materials, abrasives, photographic equipment,
leather, printing, precision equipment and tobacco products
which were not important fields for investment prior to 1940.
Extractive industries show fastest growth
Aside from the development of foreign markets for products manufactured by American companies, the second major
stimulus to foreign investment has been the need to develop
new sources of supply for raw materials.
The greatly expanded output of American industry as well
as the increased requirements abroad has made it necessary to
look more and more toward foreign sources for certain raw
materials for which the United States was formerly a major
source of supply. In particular the need for petroleum and
its products has resulted in a large increase in investments in
Venezuela and in the Persian Gulf Area. Along with these
investments in raw materials production, there have been
additional investments in refining, processing and distributing these raw materials.
Table 3.—Rise in manufacturing investments in principal
countries, 1943 to 1950
Country
Canada
United Kingdom
Brazil
Mexico
France
_
Australia
Argentina _ Union of South Africa
Total for 8 countries
1950
__.
_
__--__
-
- _- .
_- _ _ .
______
_ _
_
Total for world *
1943
Increase
1,881
535
270
118
941
307
66
22
940
161
95
146
44
75
48
101
11
86
47
45
33
3,250
1,571
1,679
3,721
1,884
1.837
228
204
96
1. Excluding investments in Germany, Austria, Yugoslavia, Eastern Europe and China,
which were seriously affected by war damage and nationalization.
Source: U. S. Department of Commerce, Office of Business Economics.
The mining and smelting and petroleum industries, as
defined in this Census, are not exclusively extractive industries. Because some of the major corporations operating in
extractive industries combine several stages of production,
transportation and distribution, the financial reports used
in this census do not permit a segregation of the various
activities. A partial breakdown of the investments in the
petroleum industry may be obtained, however, by separating
the investments in those countries in which crude petroleum
is not produced. At the end of 1950, the investments in the
latter countries amounted to $1.1 billion.
With these adjustments, the remaining United States
investments in mining and smelting and petroleum increased
from $1.7 billion in 1943 to $3.4 billion in 1950. Of this
increase 88 percent was distributed among three countries
and the Persian Gulf Area.
Public utilities attract less capital
Investment in public utilities and transportation, while
maintaining its third ranking position, showed an increase of
only $37 million over the 1943 figure. Almost 75 percent of
the total investment in public utilities and transportation at
the end of 1950 was located in Latin American countries, and
20 percent was in Canada.
About one-half of the investment in this industry was in
electric light, power and gas, about 10 percent in communications and about 40 percent in transportation excluding
facilities for the movement of petroleum products. In all
these industrial subdivisions about 95 percent was invested in
the Western Hemisphere. In 1929, almost 90 percent was in
the Western Hemisphere.
Investments in public utilities in recent years have been
deterred because in many foreign countries this industry has
Table 4.—Value of United States direct investments in foreign
countries by area and industry groups, 1950
[Millions of dollars]
Total,
all areas Canada
Industry
Western
Latin
Other
Ameri- Western European countries
can re- Europe dependpublics
encies
0.8
.1
20.5
475.6
147.7
302 4
1.1
24.4
334.3
20.6
24.9
276.1
12.7
617.4
63.7
21.8
475.9
56.0
544.9
154.5
312 8
28.1
49.5
20.5
1, 113. 5
Mining and smelting, total
Iron
88.3
Gold, silver, and platinum
74.3
862.4
Other metals
__•_
88.5
Nonmetallic minerals
Agriculture, total
Fruit
Sugar
Rubber
All other agriculture
Petroleum, total 2
Crude extraction
Refining and processing
Distribution
Tankers
Pipelines
[Millions of dollars]
December 1952
.7
9.3
.8
15
5.7
1.3
38.7
5.9
89
21.3
2.6
17.7
(i)
2.2
6.4
9.1
87.7
C1)
77.1
10.6
56.4
4.0
25.4
26.9
.1
3, 436. 9
418.1 1, 390. 0
440.8
895.fi
292.4
n. s. s. 1 n. s. s. \ 990.1 \ 16.9 1 232 9 \ 474 6
2, 951. 8 j 352. 7 j n. s. s. J 237.3 j n. s. s. j n. s. s.
213.5
n. s. s. n. s. s.
200 4
175.0
58.4
177.5
_
66.9
292.8
35.7
11.6
1.1
153 7
8.9
192.3
29.7
I
Manufacturing, total
3, 844. 5
Food
_ _ __
496.3
Paper and allied products
378.2
518.3
Chemicals and allied productsRubber products
181.6
383.8
Primary and fabricated metals.
1,881.4
213.8
367 6
198.3
59.0
248.6
774.1
181.9
4.5
179.9
60.3
19.3
970.5
66.5
53
105.5
30.7
112.2
.1
2.8
.8
210 7
33.2
8
34.5
28.8
2.9
26 7
7.8
.9
419.9
203 8
12 2
176 9
3
390.6
140 5
79.4
156 5
12
13 0
484.9
590.9
160.0
289.8
82.9
153.7
191.2
125.7
.3
1.4
50.5
20.3
Transportation, communication
and public utilities, total
1, 428. 2
Railroads
286.6
Water transportation
189.3
All other transportation
62.9
Communication
151. 1
Electric light, power, and gas._
738.3
284.4
91 3
11.7
15 8
28.0
18.1
11.2
154.4
1, 044. 1
186 4
152.4
31 7
127 4
546.2
10.2
9 5
61
2.2
13.4
19
24
.4
53.6
89
1.6
4 0
4 0
35.1
Trade, totaL._
Wholesale trade
Retail trade
758.5
538.1
220.4
240.1
179 2
60 9
240.3
189 2
51 1
186.0
102 2
83 8
13.1
51
80
79 0
62 4
16 6
Finance and insurance, total
Banking and other finance
Holding companies
Insurance
439.7
170.5
70 4
198.8
313.2
105. 9
12 4
194.9
85.3
37.8
42 8
4.7
38.1
22.2
12 8
3.1
.2
.4
—.2
2.9
4.2
24
—3 7
Miscellaneous, total
Real estate
Motion pictures
All other
237.9
37.3
111.6
89.0
72.1
95
22.9
39.7
48.2
7 5
16.4
24.3
92,0
16 5
56.4
19 1
12
5
.4
.3
24
3
15
5
Machinery
Electrical machinery, equipment, and supplies
Motor vehicles and their
equipment _
All other manufacturing
4
3
5
6
n. s. s. Not shown separately.
1. Less than $50,000.
2. The classification of petroleum investment into the major branches of the industry is
based on the major activity of each reported foreign enterprise; the effect of this is to understate the investment in distribution, tankers, and pipelines and to overstate the investment in
producing and refining, the latter being the major activities of most large integrated foreign
enterprises.
Source: U. S. Department of Commerce, Office of Business Economics.
become increasingly regarded as a field for local private or
government development. Also, in many countries rates of
return on these investments have been low because of restrictions imposed by foreign governments. To a large extent
postwar investments in this field were financed through foreign loans from the International Bank and the Export-
SURVEY OF CURRENT BUSINESS
December 1952
Import Bank. Thus, United States capital is still instrumental in increasing such investments, although not much is
done through private direct investments. In Eastern Europe
and China such investments were actually or virtually
confiscated and in a few other countries, such as Spain and
Argentina, some properties were sold to local governments.
Subsidiaries predominate in manufacturing
The form of organization most frequently adopted by
American corporations for their foreign operations is the
Table 5.—Direct investments in mining and smelting and
petroleum,1 1943 and 1950
[Millions of dollars]
Country
Persian Gulf Area
Venezuela 3 -..
Canada
Chile
1950
2
.
Total for selected countries
Total for world
._
_
... .
._
1943
Inci ease
722
905
752
341
55
344
545
219
667
561
207
122
2.720
3,412
1, 163
1 716
1.557
1 696
1. Adjusted to exclude petroleum investments in countries in which crude petroleum is
not produced.
2. Includes Saudi Arabia, Iiaq, Jordan, Lebanon, Syria, Aden, Bahrein, Kuwait and
Qatar.
3. Includes agriculture.
Source: U. S. Department of Commerce, Office of Business Economics.
foreign-incorporated subsidiary. Of the approximately 8,000
foreign organizations reported in the Census, about 5,600
were foreign-incorporated enterprises. In both Canada and
Western Europe 90 percent of the direct investment is in
subsidiaries; about 58 percent of the value of all foreign
subsidiaries and 64 percent of the number is in these areas.
The principle reason for the adoption of this form in these
countries is that most of the investments are in manufacturing enterprises, and local incorporation gives a degree of local
consumer acceptance frequently witheld from foreign organizations. There are other important reasons for incorporating abroad, including certain advantages with respect to
United States arid foreign taxes.
Direct branches of American companies are concentrated in
industries producing raw materials destined to a large extent
for the United States market. Two-thirds of the branch investment is in these industries. Thus, 40 percent of the
amount invested in Latin American republics and the "all
other countries" area of table 6, which produce many of the
raw materials imported into the United States, is in branch
operations, and 75 percent of the investments in these
branches are in the petroleum, mining, and agriculture
industries.
About half the number of all branches established abroad
is located in these areas, but they account for about 80 percent of the amount invested in branches. This is because
the operations in these areas include the largest branch units,
such as oil companies, metal producers, and fruit or sugar
plantations.
In other areas, a relatively small investment by branches
of United States corporations is accounted for by a relatively
large number of units. This is reflected in an average size
of $2/4 million per branch in the Latin American Republics,
and "all other countries" areas, Tand an average size of about
$0.5 million in the rest of the w orld. The establishment of
branches in Canada and Latin America is encouraged by
provisions of the United States tax laws which reduce the
tax rates applicable to Western Hemisphere Trade Corporations, i. e., United States corporations operating entirely
11
within the Western Hemisphere but outside of the United
States.
Comparison with previous estimates
The new valuation of American direct investments abroad
in 1950 is $1.7 billion lower than estimates in use up to now.
These estimates were based on the wartime Treasury census
and brought up to date with annual adjustments for estimated capital movements and reinvested earnings. However,
there are many factors affecting the foreign book valuations
of these investments which could not be measured accurately
until reports based upon the books of the foreign enterprises
became available. The census was necessary to determine
these changes, and the results indicate the need for periodic
enumerations to permit the compilation of current data.
Major factors accounting for the downward revision of the
value of foreign investments include the elimination, from
Table 6.—Value of United States direct investments in foreign
countries, by area and industry, and by foreign subsidiaries
and branches, 1950
[Millions of dollars]
Total, all Canada
areas
All industries:
Subsidiaries
Branches
Western
Latin
Amer- Western European
ican
Europe dependrepublics
encies
All
other
countries
8, 463. 6
3. 340. 5
3, 143. 1
421.0
2, 584. 1
2, 090. 9
1, 656. 6
117.3
338.4
91.4
741.4
619 9
11,804.1
3, 564. 1
4, 675. 0
1, 773. 9
429.8
1,361.3
318 2
226.7
17 6
2.9
257 1
218 5
8
6 2
3.1
36 5
2.2
Total
544.9
20.5
475.6
.8
9.3
38.7
Mining and smelting:
Subsidiaries
Branches
642 2
471 3
302 2
32 l
195 4
422 0
16 9
g
71 4
16 3
56 3
1
1,113.5
334.3
617.4
17.7
87.7
56.4
1,915 6
1,521.3
360 4
57.7
542 7
847 3
416 7
24 1
242 6
49 8
353 2
542.4
3, 436. 9
418.1
1, 390. 0
440.8
292.4
895. 6
3,581 2
263. 3
1 797 3
84 1
642 5
131 6
948 9
21 6
6 3
15
186 2
24 5
3 844.5
1 881,4
774.1
970.5
7.8
210.7
1 038 7
389.5
260 9
23 5
720 8
323 3
12 4
15 6
69
11 2
37 7
15 9
1 428.2
284 4
1 044 1
28 0
18 1
53 6
574.2
184 3
211 5
28 6
145 3
95 0
164 7
21 3
4 0
q 1
48 7
30 3
758.5
240.1
240.3
186.0
13.1
79.0
210.1
229 6
127 1
186 1
49 7
35 6
27 5
10 6
3
5 5
—2 6
439.7
313.2
85.3
38.1
— 1
•2
183.4
54 5
66.1
60
30 6
17 6
68 7
23 3
.7
5
17 3
7 1
237.9
72.1
48.2
92.0
1.2
24 4
Total
Agriculture:
Subsidiaries
Branches
Total
Petroleum :
Subsidiaries
Branches
_ __
_
Total
Manufacturing:
Subsidiaries
Branches . _ _
Total
Transportation, communication
and public utilities:
Subsidiaries
Branches
Total
Trade :
Subsidiaries
Branches
Total
Finance and insurance:
Subsidiaries
Branches
Total
..-
Miscellaneous:
Subsidiaries ._
Branches
Total
.
2.9
Source: U. S. Department of Commerce, Office of Business Economics.
the present census, of enterprises now within Communist
territories ($300 million), the effects of war damage in Germany, Austria, and the Far East ($200 million) and the
reduction in the dollar value of foreign enterprises resulting
from the devaluation of the currencies of the countries in
(Continued on page 19)
by Betty C. Churchill
Survival Patterns
of the Postwar Business Population
HIS article presents for the first time comprehensive data
on the age distribution of the business population of the
United States and the survival experience to date of businesses formed in the postwar period. These data provide
basic background information useful not only for general
analysis of the dynamics of our business economy but also
of special interest to business and credit analysts concerned
with particular sectors of industry.
Summary of results
Three-fifths of the 4 million businesses which were in
operation in the past year had been newly established or
acquired by transfer since the end of World War II. The
median age of all operating businesses was about 4% years—
that is, half of the operating businesses were older and half
younger than this age.
Half of the 5% million firms which were newly established
or acquired during the postwar period (1946-51) had been
sold or liquidated within about 2 years. To put it another
way, on the basis of postwar experience there was an even
chance that a newly acquired firm would last 2 years under
the same management. The changes dropped to about 1
out of 3 that such a firm would live to the age of 4. Lack
of profitability, however, was by no means the only reason
for the sale or liquidation of a business.
Among the younger firms, the longer a new concern
endured, the greater was its life expectancy. At birth (or
time of transfer), for example, the expectation that a firm
would survive its first year was about 2 out of 3 but by the
time a firm reached the age of 5 its chances of living to age 6
had increased to about 7 out of 8.
Wholesale trade firms had the best survival record: nearly
four-fifths survived the first full year of operation under the
NOTE—MISS CHURCHILL IS A MEMBER OF THE BUSINESS STRUCTURE
DIVISION, OFFICE OF BUSINESS ECONOMICS.
same management, and 45 percent survived 5 years. At
the other end of the scale were firms classified in retail trade
where less than 65 percent survived the first year and only
one-fifth reached the age of 5 years.
Small firms predominate in business population
Survey readers are familiar with the broad pattern of
change in the business population since 1943, when business
birth, death and transfer data first became available.
From the beginning of 1944 to the end of 1951, the terminal
date of the present study, more than 7 million firms were
newly established or acquired by transfer. About 6 million
businesses were sold or liquidated over the same period so
that there was a net increase of 1 million over the 3 million
firms in existence at the end of 1943.
It will also be remembered that by far the largest part of
the business population is composed of small concerns and
hence the great postwar turn-over reflected the entry and
exit of such businesses. Seventy-five percent of all operating businesses had less than 4 employees in 1948, the most
recent period for which size-of-firm information is available.
The concentration of business turn-over among the small
companies is even more striking: 86 percent of all new and
discontinued businesses and 83 percent of the businesses
transferred in 1948 had fewer than 4 employees. A substantial proportion of these very small firms operated with
no paid employees.
In this light, it is apparent that most of the findings of
the present study apply primarily to very small concerns.
Nature of the data
The estimates of age distribution and life expectancy are
fitted into the framework of the regular Office of Business
Table 1.—Number of Firms in Operation and Number of Businesses Sold or Liquidated 1944—51 by Year of Acquisition
[N"umber of
Total
busi-
I Firms remaining in operation under the same ownership on December 31 J
.
.
started
1944-51 2
1951
1950
1949
J948
1047
- --
r.)46
1945
1944
Prior to 1944
Ail years
.
-
1948
1949
1950
832.5
705.4
588. 9
644. 6
492. 1
435. 6
i 643. 2
680. 2 i 484. 7
456. 4 ! 345. 2
362. 1 i 289. 8
345.2
289.7
694.2
1 239. 5
975.3
378.6
877.4
! 708. 8 500. 4
245. 5
665. 4
303.7
555. 1 !i 400. 7
2 985.8 2 5S7. 1 2, 259. 9 1, 983. 3 1, 796.6
520 7
308.3
208.9
1, 648 8
414 9
260. 4
180.5
1, 525. 2
344 5 !
224. 7
157.4 i
1,415 1 1
3. 369. 3 3, 762. 7 3, 947. 4 3, 981. 1
3, 953. 3
3, 985. 6
1944
821. 3
864. 6
*18.4
899.9
1, 033. 7
10, 206. 0 3, 142. 2
1945
1946
1947
1. The number of firms remaining in operation December 31, 1944-51, by year of acquisition
m» shown by major industry division in table 6.
•2. For the years 1944-51, all firms newly established, reorganized, purchased or otherwise
miuired by transfer; for years prior to 1944, all firms in operation, December 31, 1943. The
t'Uul in the columns is equal to the sum of all sole proprietorships and other management
12
firms—thousands!
1 1951
Firms sold or liquidated
1944
295. 1
199. 3
141.0110.3
326.0 398 7
509.0
4, 014. 0
1945
1946
1947
1948
1*4. 4
188 2
130. 1
90.3
178.1
195. 5
111.2
72.3
55. 6
1949
1950
1951
201.2
1 73 8
194. 5 ! 213. 3
243. 5 1 153. 4
168.6
154.4
327 2
264.2
208.4
97.0
276. 5
28L l
121. 7
58.2
186 8
173 6 i 105 8
70.3
47 8
36.6
28.4
147. 7 123 6
70 4
35 7
23. 1
110 1
49.4
25.5
16.4
89.1
650.2
846. 1
849.0
866.3
832. 2
793. 0
846.2
entities counted separately for each business operated at any time during the period 1944-51.
NOTE.—Detail will not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Ofiice of Business Economics.
SURVEY OF CURRENT BUSINESS
December 1952
Economics series on the business population and further
extend the information
on American enterprise available
from this source.1 The present study is based in part on
statistics relating to the age of firms which are sold or liquidated, supplied by the Bureau of Old Age and Survivors
Insurance of the Social Security Administration. In this
context, therefore, it is important to note that the "age" of
existing firms refers to the length of time a firm has operated
Vital Statistics of the
Business Population
The median age attained by firms newly
established or acquired in 1944 is
roughly half that of firms in
operation in 1951
too
BO
\.
CUMULATIVE AGE DISTRIBUTION OF
BUSINESS POPULATION, DEC. 31, 1951
60
MEDIAN
illness or retirement of the owner, or because of alternative
opportunities in another business as an entrepreneur or wage
earner. In a study made in 1946, for example, it was found
that only half of all liquidations and about one-fourth of all
transfers were made either to avoid or to minimize a loss.3
Age Distribution and Survival Rates
The age distribution of firms in operation at the end of
each year from 1944 through 1951 is presented in the columns
in the left section of table 1. Thus the bottom of the 1951
column shows that there were 4,014,000 firms in operation at
the end of 1951. Of this number, 643,200 were acquired in
1951, 484,700 in 1950 and so on back to 1944. Firms acquired in all years prior to 1944 are lumped together because
the basic information needed for a further breakdown is not
available.
In order to clarify the derivation of these age distributions,
statistics are presented in the right section in table 1 on the
age of firms sold or liquidated. At the bottom of the 1951
column, for example, it can be seen that 793,000 firms were
sold or liquidated during 1951, of which 178,100 had been
acquired in 1951, 195,500 in 1950, and so on. The total
number of firms newly acquired in the 1944-51 period or in
operation December 31, 1943 (the extreme left-hand column
in table 1), reduced by the number of these firms which were
sold or liquidated each year, yields the estimated age distributions of firms in operation.
The age distribution of firms in existence is shown on a
cumulative percentage basis by the top line in the first chart
for firms in operation at the end of 1951. Fifty percent of
the firms were about 4% years or younger. Close to onethird had been acquired or established before 1944, while
over one-fourth were started after 1949.
Survival patterns of new firms
The age distribution, in turn, reflects the number of new
business acquisitions and their survival experience. The
survival pattern for concerns acquired in a particular year
(shown for each year in table 2) is obtained by relating the
4O
SURVIVAL PATTERN OF FIRMS
NEWLY ESTABLISHED OR
ACQUIRED IN 1944
Table 2.—Survival Patterns 1944-51: Percent of All Newly Acquired
Firms Remaining in Operation at the End of Each Successive
Year
20
Percent in operation December 31
Year of acquisition
1944
V
8
AGE OF FIRM - YEARS
U. S. DEPARTMENT
OF COMMERCE. OFFICE OF BUSINESS
ECONOMICS
1946
1947
1. See "State Estimates of the Business Population: 1944-51" SURVEY, January 1952, "The
Business Population by Legal Form of Organization," SURVEY, June 1951, "The Size Distribution of the Postwar Business Population," SURVEY, May 1950, and "Revised Estimates
of the Business Population, 1929-48," SURVEY, June 1949. The revised estimates aie shown
through the third quarter of 1951. and a revised business transfers series is presented for the
period 1944-51 on pp. 14 and 15 of the June 1952 Survey.
2. Because of the nature of the basic data supplied by the Bureau of Old Age and Survivors
Insurance it was not possible to measure age from the date of establishment without regard
to any subsequent changes in ownership. Transfers include going businesses which are
purchased, reorganized whether with or without a change in legal form of organization, or
newly acquired by an individual or management group in some other way.
1948
1951
1950
1949
1948
52 - I f e 2
under a single ownership dated from the time the most
recent owner established or acquired the concern.
As used
77
in this report the term "newly acquired
refers to both
2
newly established and transferred firms.
It is also important to note that the sale or liquidation of
a business does not necessarily imply a failure. Past studies
have indicated that many businesses are given up because of
1945
1947
1946
1945_
1944
83.4
80.8
60.2
78.7
57.0
45.6
80.5
56.0
43.2
36.9
1949
1950
1951
78.4
78.8
54.7
78.7
55.8
40.2
78.3
56.1
42.2
32.2
57.0
42.0
35.1
31.4
42.1
33.5
29.7
27.1
33.4
27.8
25.6
23.7
28.0
23.8
22.7
21.2
Source: U. S. Department of Commerce, Office of Business Economics.
number of firms remaining in operation at the end of each
successive year to the total acquired in the year of origin.
The 1944 pattern is illustrated by the bottom line in the
first chart. Thus, of the firms that were started in 1944,
83 percent survived until the end of 1944, 60 percent until
the end of 1945 and so on, so that by the end of 1951 only
21 percent of such firms were still in existence.
For the business population as a whole, the survival
pattern of newly acquired businesses has been remarkably
3. "Business Turnover and Causes of Failure," SURVEY, April 1947.
SURVEY OF CURRENT BUSINESS
1.4
stable throughout the postwar period. This may be seen
by reading along any diagonal from lower left to upper right
in table 2, which gives the percentages of firms acquired in
each of the years shown which survived to any given year.
The top diagonal, which gives the percentages surviving to
an average age of 6 months, shows that regardless of year
of acquisition, survival rates varied within the relatively
narrow range of 78 to 83 percent. The third diagonal,
reflecting survival to at least the age of 2%, shows a similarly
narrow range, from 40 percent for the 1948 firms to 46
percent for the 1944 firms.
It is worth noting, however, that the firms acquired during
the war years of 1944 and 1945 fared somewhat better than
those acquired in later years. Both the number of firms in
operation and the number of new businesses were substantially lower in 1944 than in succeeding years. To the extent
that numbers are an indication of the degree of competition
the concerns established in the early years may well have
started in a more favorable environment.
Industry differences
December 1952
trend continued after 1946 in contract construction and
finance.
The median ages attained by newly acquired firms in the
remaining 4 industry divisions cluster within 6 months of
the all-industry average in each year. The over-all figure, of
course, is heavily influenced by the large proportion of retail
businesses. The greatest stability in median ages attained
during the whole 1944-50 period is found in the retail trade
division.
life
among younger linns varies by
industry, but in all cases rises with age
'WO
Percent of f i r m s in operation surviving
AT LEAST one a d d i t i o n a l year *
in survival rates
Considerable variation in survival patterns by industry is
revealed by table 37 which presents the median ages attained
by firms newly acquired in each year 1944-49 as well as the
proportions surviving 1 and 2 years. Complete survival
patterns are not shown by major industry divisions but may
be derived from the basic data presented'in table 8.
In each year shown, the median age attained was greatest
in wholesale trade and finance. Average ages considerably
higher than the all-industry figure were also reached by new
firms in transportation and construction. In each of these
4 industry divisions the highest median ages were attained
by firms acquired during 1944 and 1945. A slight downward
Wholesale trade
5
Transportation, communication and other
public utilities
Contract construction
Mining and quarrying
Year of acquisition
All industries
1
Table 3.—Median Ages Attained by Firms, Newly Established
or Acquired, and Percent Surviving 1 and 2 Years by Major
Industry Division and Year of Acquisition
£3
o
•s|
2.2
2.0
1.9
2.0
1.8
1.9
1.6
1.8
1.9
1.6
1.4
1.8
3.9
4.3
3.0
2.7
2.5
2.8
1.9
2. 3
1.9
1.7 ,
1.6 !
1. 6
I
4.6
3. 3
2.4
2.4
2.3
2. 6
4.9
4.6
3.4
3.2
3.4
3.2
J
- .--.
71.8
68.9
67.4
68.8
66.5
67.3
67.4
64.0
67.1
68.0
66.6
61.4
66.8
63.6
77.9
79.8
74.2
75.3
71.8
74.5
72.3
69.7
70.9
69. 0
65.9
64.7
63.7
67. 6
79.6
75. 7
70.7
71.9
71.0
72.0
74.7
87.0
83. 9
79. 1
78.4
78. 0
77.4
80.9
Based upon average experience,. 1945~ 50
1.7
1.5
1.6
1.7
1.6
1.6
5.4
5.6
3.4
3.0
2.6
2.8
2 4
2.0
1.8
2.1
1.9
2.1
67.1
63.7
63. 9
65. 9
64.0
64.2
63.9
83. 0
83.2
78.1
77.9
74.5
75.5
76.3
73.3
68.3
66.0
69.8
66.6
68.6
67.6
70.8
71.2
64.0
61.4
57.8
60.1
55.6
49.6
47.6
51.3
48.3
51.1
Surviving two years or more [Percent]
1944
1945
1946
1947
1948
1949
52.9
50.1
49.0
49.6
47.5
49.0
44.0
47.5
48.8
43.0
40.2
47.6
64.0
66.0
59.5
58.4
55.7
59.6
49.0
54.2
48.5
45.1
43.5
44.3
66.3
60.8
55.0
55.0
54.0
56.7
73.9
70.1
64.1
62.4
62.5
63.1
45.4
42.2
44. 5
45.7
43.8
44.5
Source: U. S. Department of Commerce, Office of Business Economics.
4
U S, OKPAftTMISWT Of" GOMtvt£&GK. OFFICE OF".BUSfNZ&g ECONOMICS
Surviving one year or more [Percent]
1944
1945
1946
1947
1948
1949
1950
•
AGE OF FIRM- YEARS
Median age attained [Years]
1944
1945
1946
1947
1948
1949
e
Another approach to industry differences in survival patterns may be seen through the lower sections of table 3,
which present the proportions of all newly acquiredfirmssurviving to 1 and 2 years of age. Somewhat more than twothirds of all newly acquired firms survive their first year
of operation and about half survive for 2 years. Relatively
low proportions of mining, manufacturing and retail trade
firms and high proportions of firms in wholesale trade and
in finance attain these ages.
The above-noted differences among the industries persist
when the survival patterns for the entire span of ages available are considered, except for manufacturing. Here newly
acquired firms survived slightly better than average during
the first 2 years of operation but less well between 2 and
6 years.
Life expectancy by age of firm
Of particular interest are the changes which occur in the
probability of survival as a firm grows older. Data are
available for too short a period to allow setting up full life
SURVEY OF CURRENT BUSINESS
December 1952
expectancy tables for the business population. However,
the proportions of firms surviving at least one additional
year of operation under the same management are shown by
age of firm up to 5% years in table 4 and by selected industry
divisions in the chart. It should be emphasized that table
4 and this chart are based upon the average 1945-50 experience and that deviations from the generally high level of
economic activity and business population turnover which
Table 4.—Percent of Firms Remaining in Operation at Least One
Additional Year by Age of Firm and Industry Division
[Average 1945-50 experience]
bJC
.£
tn
Age in years
3
*d
r^
^
s
§
1
c?
s
.s
8
~v
&X)
3
0
ii
,1.1
ssl
0 0 0
C3
a
M
<1>
^
03
.g *
c3
S
cJ Q
0
15
firms acquired in later years. This pattern was reflected in
practically all major industries as shown in table 3. From
1945 through 1949 there was a rather steady downward
trend in survival prospects for manufacturing concerns,
which in the early period had a (one or more year) survival
pattern approximating the all-industry average. A marked
improvement was noted in this industry in 1950 bringing
the first year survivors among newly acquired manufacturing firms again in line with that for all firms.
For most of the other areas, survival experience after the
years of transition from war to peace showed no clear-cut
trends either up or down. It is interesting to note, however,
the almost uniform rise in mortality rates for younger firms
in the mildly recessionary conditions of 1949. This is
reflected, for example, in the data for 1948 where the proportions of new firms surviving at least one year fell for each of
the eight industries covered in the study.
3
.3
Minor industry survival patterns
0
o
£
O
03
f%
s s p<
H
PH
.s
w
C
02
^
0
67.7
70.7
65. 6
67.1
74.6
77.4
67.0
69. 5
72.7
76.3
79.6
80.7
64.3
67.2
77.6
79.7
67.8
71.2
15
74 9
80. 5
71 8
78.9
81.3
84.8 I
72.2
76. 3
80 8
86.4
82 9
87.6
71.0
77.0
82 0
84.8
76 0
82.2
3.5
45
84.2
86.4
88.8
83. 6
87.2
88.4
88.2
90.5
90.9 !
80.8
84.2 1
85.9 1
89.6
91.3
92.5
90.7
93.3
96.0
80.2
81.3
83.4
86.7
87.9
89. 1
86.4
88.9
91 8
Source: U. S. Department of Commerce, Office of Business Economics.
prevailed during this period might, of course, affect to some
extent the proportions shown in the chart.
The chart illustrates how life expectancy of a newly
acquired firm improves with each year the firm remains in
operation. Based on the average 1945-50 experience, arid
without regard to such factors as the capitalization of the
business and the previous training and experience of the
management, the chances are about 2 out of 3 that a newly
acquired firm will survive its full year of operation. By the
time a firm has lived a full year, however, the chance of
surviving to age 2 has increased to nearly 3 out of 4, and by
the time a firm has reached the age of 5}£ the chance of its
living another year has increased to almost 9 out of 10,
Increased life expectancy as the firm ages is evident in
each major industry division at least up to the age of 5}£
years; however, the improvement is much sharper than
average in the service industries and as seen in table 4, in
nnning and quarrying. Although the initial life expectancy
of service firms is about average, at the age of 5% years firms
in this group have a life expectancy which is exceeded only
by that for firms in wholesale trade and in transportation
(not shown in the chart). Moreover, the direction of this
curve for the service industries is still sharply upward at
5K years, while the data for the transportation firms suggest
some leveling off at that point.
The improvement in life expectancy with increased age is
least for the finance division. Although the proportion
surviving the first year for this industry is second only to
that for wholesale trade, by the age of 5X years the life
expectancy of firms in this division is only slightly higher
than average.
The lowest life expectancy occurs in the case of newly
acquired retail trade firms; on the average, a retail firm
must attain an age of 3% years before it has a life expectancy
which is at least as great as a newly acquired wholesale firm.
As was noted above, the survival experience of all firms
acquired during 1944^5 was somewhat better than that of
No direct information on the survival experience of firms
is available by minor industry groups. As is noted below,
however, under conditions which maintain the business
population at a constant age distribution and level, the survival pattern can be directly computed from the over-all
rate at which firms are newly acquired or are sold or liquidated. These two rates are identical under these conditions.
Since major departures from stability tend more or less to
affect all groups, it is quite likely that turnover rates are
indicative at least of the relative position of the minor industries with respect to survival patterns.
Table 5 presents average turnover rates from 1949 to 1951
for the major industries and for minor groups in manufacturing, retail trade and services. These minor groups are
ranked (from lowest to highest turnover rates) within their
respective industries. The last column of the table is presented primarily to show the correlation of major group
"turnover" rankings with the rankings as measured by another index of survival experience, the median age achieved
by new concerns in the 1945-50 period. As may be seen,
the relative positions of the industries are rather close under
the two methods. Hence it is believed that the ranks of
the minor industry groups—available only from turnover
data—may be taken as fairly reliable indexes of relative
survival rates.
Within the retail trade division, for example, only three
of the seven groups have discontinuance plus transfer rates
in excess of that for all industries combined—filling stations,
eating and drinking places, and the food and liquor group.
Thus it may be that these divisions have life expectancies
lower than average and that the life expectancy of firms in
other lines of retail trade is better than average.
Within manufacturing the better records were achieved
in printing and publishing and in the manufacture of paper
and products; stone, clay and glass; and metals and metal
fabrication. It may be noted that the relatively poor record
for manufacturing as a whole is largely attributable to the
lumber group in which the structure of the industry makes
for extremely high turnover rates.
Transfers versus new businesses
The relative importance of newly established and of transferred firms among all newly acquired businesses may also
be seen in table 5. In manufacturing, for example, nearly
twice as many firms are newly established as are acquired
by transfer. In retail trade, on the other hand, the opposite
situation prevails, and it is more than twice as likely that a
SURVEY OF CURRENT BUSINESS
16
newly acquired business will be purchased or otherwise acquired from other owners than that it will be an entirely
new concern.
The entry rates or the discontinuance rates (as opposed
to discontinuance and transfer rates combined) would
probably give a good indication of the relative position of
the industries with respect to survival from date of original
establishment. It is not possible to eliminate transfers
from the age distributions and hence a measure of age from
the date of a firm's establishment, regardless of subsequent
transfers, cannot be determined. Table 5 would suggest,
however, that the survival experience of retail firms might
be close to the all industry average. Or to take another
example, it would appear from the table that the relatively
good survival experience (based on data including transfers)
already cited for wholesale trade might be exceeded by
finance firms.
December 1952
but may be briefly reviewed at this point to serve as background for the following more detailed discussion of age
characteristics of business firms. Of the 4 million firms in
operation at the end of 1951, half were younger than 4 years
and 4 months and two-thirds had been newly established
or acquired since the beginning of 1944. The chart shows the
distribution of these younger firms by year of acquisition
as well as the total number of firms newly acquired in each of
the years 1944-51.
Firms in Operation in 1951
reflect timing and number of business acquisitions
I,60O
Age Characteristics of Operating Firms
ALL NEWLY ESTABLISHED
OR ACQUIRED BUSINESSES
The age distribution of firms in operation at any one time
clearly depends not only on the survival patterns of newly
acquired firms but also on past levels of acquisitions. The
current over-all age distribution has been described above,
t,20O
Table 5.—Annual Average Business Turnover Rates 1949—51 by
Industry Division and Group and Industry Division Rank by
Average Median Age Attained 1945-50
All industries
Mining and quarrying
1949-51 Annual average
turnover
rates l
Rank
DisconDiscon- Trans- tinuance
Entry tinuance fer
plus
rate
rate transfer
rate
rate
By
By rate 1945-50
sold or average
liqui- median
age
dated
attained
40O
98
95
112
207
132
145
73
218
6
5
Contract construction
192
141
45
186
IVIanufacturing
£, , .,
, , 4-^ip rofq 1fl fc
Leather and leather products
130
48
96
75
280
90
150
175
113
112
283
79
71
82
58
47
80
45
221
258
171
159
303
124
51
84
80
99
100
39
167
153
82
141
71
61
84
69
65
110
228
137
151
206
1
8
3
4
p
y, ,y A
,P ±
Printing and publishing
Stone clay and glass products
Ofh ' ""
n f ftn \rie 3
Transportation, communication
other public utilities
and
800
7
3
6
9
6
5
10
DEC. 31. 1951
o L.
1951
94
56
150
3
4
83
75
56
131
2
1
Retail trade
83
52
62
96
80
90
54
90
85
80
169
77
142
91
74
259
131
232
176
154
8
1
5
4
3
8
114
102
75
127
99
67
284
319
83
411
418
150
6
7
2
A n rpl anrf flpppssorips
Other retail trade
Finance, insurance and real estate
64
56
56
112
1
2
Service industries
Hotels and other lodging places
Personal services
Business services
86
89
66
111
86
84
89
73
75
101
95
154
105
59
72
179
243
178
135
173
4
6
5
2
4
5
100
91
162
76
63
166
58
87
103
133
150
269
1
3
7
AT t
' t
Other amusements
-
--
1. The number of new, discontinued or transferred firms during the period per 1,000 firms in
operation at the beginning of the period. The turnover rates were computed separately for
each of the years 1949-51; shown are the three-year annual averages.
2. Includes products of petroleum and coal.
3. Includes tobacco, rubber products and miscellaneous manufactures.
Source: U. S. Department of Commerce. Office of Business Economics.
49
48
47
FICE OF BUSINESS
128
Eating and drinking places
50
46
45
Y E A R ESTABLISHED OR ACQUIRED
Wholesale trade
Food and liciuor
R E M A I N I N G IN O P E R A T I O N
ECONOMICS
The effect of previous levels of acquisitions upon the age
distribution of firms in operation is evident from the chart.
For example, the relatively large number of firms which
were acquired in 1946 is now in operation because of the
high birth rate which characterized that year. The almost
equal numbers of all firms now operating which were acquired
in each of the years 1946-49 follows in part, however, from
the decline in number of acquisitions which occurred during
this period. This effect of the heavy acquisitions during
1946 is even more apparent in each of the industry divisions,
except retail trade and the service industries.
The age distribution of firms in operation as of December
31 for each of the years 1944-51 may be found for all firms
combined in the left hand section of table 1 and for the major
industry divisions in table 8. As already noted, it has been
necessary to combine all firms acquired prior to 1944 in
these tables. To facilitate comparison between the industry
divisions, the age distributions of firms in operation December
31, 1951, are shown on a cumulative percentage basis in
table 6 and in the chart.
SURVEY OF CUEEENT BUSINESS
._
^:^
-
58.2
50.6
43.3
75.5
71.0
66.6
67. 9
60.8
53.1
41. 5
36.6
33.0
47.9
44.5
42.8
28.2
20. 8
17.3
45.3
39.2
36. 9
42.4
35. 1
28.2
44.6
37.5
32.4
36.8
33.6
31.8
60. 7
54. 3
48.7
46.1
40.7
35. 6
4.0
4.5
2.7
2.8
Median ages December 31
[Years]
-
2.9
2.8
4.2
4.8
2.2
1.3
3.2
2.6
2.2 3.0
2.3 j 2.9
3.0
28
2.8
3.1
5.0
4.5
1.5
2.1
2.5
3.1
2.6
3.0
3. 1 | 3. 3
2.5
5.0
3.0
-
2.6
5.7
3.4
3.5
3.9
43
4.9
4.9
51
3. 7 39
4. 2 ! 4.4
4 6 ! 49
3.0
6.3
68
73
4.4
- ...
2.7 4.0
3.0 . 4.4
3 3 49
.
Source: U. S. Department of Commerce, Office of Business
;
j
Economics.
too
ALL INDUSTRIES
FINANCE, ETC.
WHOLESALE TRADE
RETAIL TRADE
SERVICE INDUSTRIES
CONSTRUCTION
-;
TRANSPORTATION, ETC.
H
4O
I
I
J_
2
6
AGE OF FIRM — YEARS
S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
Digitized for283132°—
FRASER 52-- 3
Service indi
70.2
62.4
54.3
MANUFACTURING
CONTRACT
Finance, ins
e
65.7
58.8
51.3
MINING a QUARRYING
80
100.0
86.4
76. 1
64.6
58. 5
52.6
«— ALL INDUSTRIES
........
to
57.7
48.4
39.4
Cumulative Age Distribution of Firms in Operation,
December 31, 1951, by Major Industry Divisions
too
S"M
m
•r
65.0
57. 9
53. 3
Years of operation
1949
1950
1951
8
§§
^
_- 63.3
56.1
48.9
5.5 years or older
6.5 years or older
7.5 years or older
1947
1948.-..
03
j
100. 0 100. 0 100. 0 100. 0 100.0 100. 0 100.0 100.0
84.0 84.4 82.4 83.4 84.7 88.6 81.3 89.4
. „ __ 71.9 73.2 68.2 71.2 73.4 78.3 67.8 81.0
2.5 years or older
3.5 years or older__ .
4.5 years or older
1945.
1946 .
.£
2
-a
Cumulative percentage
Age
0 years or older
0.5 years or older
1.5 years or older
:
Transporta;
cation an
utilities
0
;
5 ?
£
8%
c "o
ex
Manufacttll
§ i S
? i a
Sx:
Retail trade
1
11
& i «
Wholesale t
j
Contract co
For all industries combined only one-third of the firms in
operation were as old as 7% years, and conversely, about
one-sixth
were 6 months or less. The highest proportions of
firms 7l/2 years and older at the end of 1951 are found in
finance (49 percent) arid in mining (43 percent), with manufacturing (37 percent) and the service industries (36 percent)
also higher than average. Contract construction with 17
percent over 7% years old; transportation with 28 percent;
and retail and wholesale trade, each with 32 percent, are at
the lower end of the scale.
It is of interest that this order contrasts very sharply
with that obtained from the proportion of firms newly
acquired in 1944 which survived 7/4 years. Of the firms
acquired in 1944, the proportion surviving to an age of at
least 1% years was lowest in retail trade (9.9 percent), with
mining and quarrying (10.4 percent), and manufacturing
(13.8 percent) faring not much better.
These differences in the ranking of industry divisions with
respect to the proportion of firms newly acquired which
attain a certain age and the proportion of firms in operation
which are that age or older are not inconsistent. To some
extent in all industries and particularly in the latter three
industries mentioned above, there is a rather solid core of
older and larger firms which have established their position
in the market and have been successful in withstanding the
fluctuations in business conditions. Around this core is the
volatile element of the business population where firms are
usually much smaller, capital requirements lower, and business turnover high.
Table 6.—Cumulative Percentages of Firms in Operation December
31,19519 by Age of Firm and Median Ages of Firms in Operation
December 31, 1945-51, by Major Industry Division
_
"
differences
Mining and
Industry
17
All industri
ll.tr>!*
AGE OF FIRM— YEARS
3.3
36
3.9
49
SURVEY OF CURRENT Rl
18
December
Industry Division, 1945-51
Table 8.— Number of Firms in Operation December 31, 1911— 51, by
Year of Acquisition and by IViajor Industry Division — C o n t i n u e d
[Years]
[Thousands]
Firms Sold
or Liquidated by Major
Year sold or
liquidated
.5
o
C3
3
0"
0
C
S
^
^
c
c
VJ
O
o
o
0
81
-£ o
C
3
o
C3
0
f
'
^
.iS--§'
fl-s§
o _o .0
03
^
s H,
"o
o>
Year of acquisition
'"O
-2 cil
~
p
i
co o
o
Bo
JZ
£•
1.7
1.5
1.5
,8
1.4
1.3
1.4
1.1
2.4
2.3
1.4
1.2
1947
5948
1.3
1.5
1.4
1.3
1.1
1.3
1.2
1.6
1.3
1.6
1.8
2.0
1.3
1.4
1.7
1.8
1.7
1.6
1.7
1.5
1.6
1.8
1.5
1.9
2.1
1.7
1.8
2.0
1.7
2.4
2.7
3.0
___
s
1
1.5
1.3
_
.1
.1
"*-*
1945
1946
1949
1950
1951
if
E§
6K). 2
456. 4
362. 1
345. 2
344. 5
5.7
3.7
3.0
2.0
2.2
72.5
49. 5
41.7
39.0
46.8
52. 6
28. 5
24.2
22. 4
27.3
30.2
19. 6
17. 1
17.7
20.7
25.9
19.9
18.4
19.0
22.1
332. 6
220. 4
163. 1
l.'O. 4
133. 0
37. 2
24.3
19.6
18.3
23.3
123. 6
90.4
74.8
76.4
69. 2
224.7
1945
157. 4
1944
Prior to 1944.. 1,415. 1
1.4
.7
15.5
30.0
14.0
72. 0
20.7
8.5
118.9
16.0
15.2
61.9
15.7
11.2
72.7
65.9
39.5
571. 9
24.3
21.0
181.2
50.7
47. 3
321. 1
3, 985. 6
34.1
365.5
303.1
198. 3
205.0 1, 676. 9
349.2
853. 6
328. 5
I 232. 5
! 196 0
i 167.7
:
85.0
!
51.5
626. 4
31.0
24.8
21.9
26. 6
26.2
22. 6
191.2
125. 0
100. 6
94.1
82.6
57. 6
51.8
340. 9
202.9 11,687.5
344.3
852.6
345.3
274.9
218.9
109. 5
66.1
686. 6
32.5
27.6
31.2
28.7
24.4
201.8
141. 3
123.7
102.7
66.7
57. 3
363. 4
203. 1 1,701.3
346.0
855. 0
404.4
305. 2
146.2
84.7
758. 8
35.2
37.5
32.0
26.8
214.4
172.8
137.4
80.7
64.8
391. 7
200.6 1, 699. 4
345.9
847. 3
1950.
19 '9
1.8
1.9
1.8
Source: IT. S. Department of Commerce, Office of Business Economics.
. _
l';48
1947
1946
Total
The business population increased rapidly from 1943 until
the middle of 1948 and lias since changed but little. Shifts
in its age composition during the postwar period as \\~ell as
in the relative positions of the major industry divisions with
respect to age are illustrated by the lower section of table 6
which shows the median ages of firms in operation December
:U of each year 1945-51.
From December 31, 1945, to the end of 1947 the median
age of all operating businesses declined slightly as would be
expected in a period of rapid growth in the business population. Thereafter it increased steadily. However, only
two of the major industry divisions-—-retail trade and manufacturing—show this movement. In the transportation,
finance, and service industries, the median ages of firms in
operation advanced steadily from 1945 to 1951.
.£
.§
Firms in operation December 31, 1950
1.5
1.2
2.6
2.8
2.7
Finance, insurance and
real estate
'
1
!
I
Table 7.-—Median Ages of
Firms in operation, December 31, 1949
644. 6
1949
492. 1
1948
435. 6
1947
414.9
1946
260. 4
1945
180. 5
3944
Prior to 1944__ 1,525.2
5.4
4.4
2.7
2.6
1.6
.9
16. 5
3, 953. 3
34.1
Total
62.4
51.1 1
47.8
52. 5
32.1
15. 1
78.6
339.5
41.5
34.4
30. 1
34. 5
23. 5
10. 4
127.9
25. 5
21.6
20.8
23.2
17.3
16.1
65.5
302.4
189.9
25. 2
22. 7
22. 3
25.2
17.2
12.2
78. 1
Firms in operation, December 31, 1948
705.
1948 _
588.
1947
520.
1946
1945
308.
208.
1944
Prior to 1944.. 1, 648.
Total
4
9
7
3
9
8
3, 981. 1
7.0
4.2
3.4
2.0
1.2
17.7
68.6
60. 1
60.8
35.3
16.5
86.6
52.8
44.2
47.0
28.1
13.1
138. 1
29.4
26.4
27.2
19. 0
17.1
70.1
35.4
327.8
323.3
189.1
28.7
27.8
29.6
19.0
13.4
84.7
Table 8.—Number of Firms in Operation December 31, 1944—51, by
Firms3 in operation, December 31, 1947
Year of Acquisition and by Major Industry Division
[Thousands]
el
So
bX/
CJ
ar of acinisition
.2
g
G
.Si
C
S
0
0
h
£
0
U
^ c/i
.2
3
'o
g
C3
f>,
c §.2
.S r-1-^
-*-? O "-•
o.§5
c S's 1
2 s £*
EI
B
o
1
"3
f*
o
'S
1
K~
T3
1
c
S^
i
2 £
•^-r:
B
i^
"^
c
£
"£
S£
i
.1
•
:
•
!
'
1
7.0
7.5
6.8
9.2
8.0
81.6
87.6
75. 1
83.3
92. 3
64.7
66.4
54.9
67.4
82.3
39.0
36.0
31.3
35. 9
42.9
8.0
6.3
5.6
31.2
112.8
65. 3
34. 9
147.2
116. 4
•r to 1944
1,239.5
877.4
665. 4
2, 985. 8
71. 6
51. 6
237. 8
55. 7
39. 1
33. 9
116.5
ai
10,206.0
89.6
780.2
813. 2
430.4
27.0 I
29.3 i
29. 1
32.9
40.2
409.9
436.6
427. 4
451.1
515.2
)
)
643. 2
484.7
345. 2
5.3
3.8
2.8
•~
C
'ji
78.8
73.3
39.4
18.0
95. 1
64.3
66.0
34.4
16.2
149.2
Total
3,947.4
34.3
304.7
330. 2
44.4
43.8
36.6
38.4
40.3
!
i
i
!
i
147.7
157.4
157.0
181.6
212.4
51.4
589.3
34. 0
424. 8
25. 8
3 1 2. 1
140.2 ; 1.370. 6
53.6
48. 1 !
45.5 |
306.3 \
252. 3
188. 2
1 56. 0
636. (1
409.8 4,937.0
657.0 | 2,088.8
35.3
34.1
21.6
18.5
75. 5
185.0
35.2
36.3
21.7
14.9
92.4
Firms in operation, December 31, 1946
975. 3
1946
500. 4
1945
303. 7
1944
Prior to 1944.. 1,983.3
6. 5
3.4
2.0
21.3
94. 1
46. 8
20.5
104. 9
94. 7
43.2
21.0
162. 1
3, 762. 7
33. 2
266. 3
321.0
Total .
44.8
26. 0
20.8
81.8
173.4
448. 2
212.7
116.0
854. 9
46.2
36.6
29.8
229. 6
190.3 1,631.7
342. 2
804. (i
43. 5
34.7
251. 4 |
151. 3
97. 4
478. 8
329. 6
727. 5
45.0
25.9
17.4
102. 0
;
195.9
105. 8
76. 2
426. 8
Firms in operation, December 31, 1945
708. 8
1945 _
400. 7
1944
Prior to 1944.. 2, 259. 9
5.0
2.9
23. 5
57.4
24.1
116.5
58.3
29.6
185. 6
33.3
24.1
90. 4
31.2
20.7
115.3
3,309.3
31.3
198.0
273. 5
147. 7
167.2
Total
328.8
167. 2
998. 5
1,494.4
Firms in operation, December 31, 1944
66.7
54.2
40.0
35.4
34.1
50. 5
37.2
20.2
18.4
17.9
32.0
23. 6
15.9
14.5
15.6
23.8
21. 5
16. 8
16. 2
17.0
310.8
225. 6
1 59. 8
125. 7
121.7
37.6
29.6
19.7
16.0
15.6
i
|
i
i
:
116.6
89. 1
69. 9
61.2
66. 1
42.6
28.2
13.2
65.8
22.3
18.5
1 12. 2
18.7
15. 1
14.6
58.8
20.2
14.8
10. 6
67. 5
108.5
52. 5
31.0
528. 4
20.7
22.8
19.8
172.7
!
i
!
|
60. 2
46. 2
44. 1
306. 1
380.3
304. 3
208.8
354.6 I
859.6
7.1
6.4
4.5
2.5
1.5
19.4
3
'o
Firms in operation December 31, 1951
..
832. 5
694. 2
378.6
245. 5
1. 796. 6
"2
Total businesses started 1944-51 '
821.3
864.6
818.4
899. 9
1 , 033. 7
1947
19461945
1944
Prior to 1944
208. 4 1,664.0
! 555. 1
1944
Prior to 19-14 J 2, 587. 1
4.3
26. 7
30. 2
129.9
42.4
209. 6
29.9
101. 1
24.1
252.0
128.0 1, 167. 9
40. 9
277. 2
131. 4
546. 7
Total
31.0
160.1
251. 9
130. 9
152. 1 1,419.8
318. 1
678.1
3,112.2
1. See footnote 2, table 1.
Note.—Detail will not necessarily add to totals because of rounding.
Source: C. S. Department of Commerce, Office of Business Economics.
Comparison with census of business
The 1948 Census of Business classifies establishments engaged in retail trade by year of acquisition. Although the
SURVEY OF CURRENT BUSINESS
11)52
proportion of establishments which failed to report the date
of acquisition is rather large (12 percent), when those single
unit establishments which did report are arrayed by age of
firms, the agreement with the business population data
presented here for retail trade is striking.
The median age of 1948 Census single unit establishments
(2.6 years) agrees with that found for the 1948 retail business
population. Furthermore the two cumulative age distributions are very similar up to the age of 4% years when the
business population information breaks oIL
Age composition of firms sold or liquidated
Table 7 presents, by industry division, the median ages of
businesses sold or liquidated. Comparison of these data
with the other median age tables clearly indicates that the
average age of firms sold or liquidated is much lower than
attained by new firms or than that of concerns in operation.
This supports the findings, discussed above, that problems
of survival are most formidable in earlier years of business
life.
Survival patterns vs. age distributions
Age distributions of existing businesses or of firms sold or
liquidated have sometimes been used to represent survival
patterns of newly acquired businesses. It is of interest,
therefore, to examine the actual relationship between survival
patterns and age distributions of (a) operating businesses
and (b) firms sold or liquidated. It can be shown that only
under static conditions—that is, births equalling deaths
over an extended period of time, and the number of operating businesses remaining constant with respect to both level
and age distribution—will the age distributions give a true
image of the survival pattern of new firms.
The above conditions have not been approached except
possibly for rather brief intervals of time. As may be
seen from the long-term growth of the business population,
business births have, on the average, exceeded business
deaths. The postwar period was characterized by very
U. S. Direct Investments in Foreign Countries
(Continued from Page 11)
which they are located. This item can not be accurately
evaluated but may be well in excess of $500 million.
Other- reductions have been made to eliminate certain
companies no longer considered United States direct investments, such as foreign branches and subsidiaries of enterprises incorporated here but owned by foreigners ($240
million) and foreign corporations whose stock is widely held
in the United States but without American-controlling participation in management ($140 million).
Finally, certain items such as exploration losses and depletion charges, which appear as capital outflows in the balance
of payments, are not included as capital investments in the
books of the reporting companies; these items amounted to
approximately $200 million by the end of 1950. To some
extent these reductions in the former estimates were offset
b}" investments made since the war which were not previously
recorded, as well as various upward adjustments on the
foreign books.
Technical Notes
Census definitions and methods of compilation:
Definitions: As used for the purpose of this census, the term foreign direct investments
includes the following:
1. The value of the United States equity in foreign business organizations owned to the
extent of 25 percent or more of the voting securities of the foreign corporations, by persons, or
groups of affiliated persons, ordinarily resident of the United States, and analogous interests
in partnerships and other organizations.
2. The United States equity in foreign corporations whose voting stock is publicly held
within the United States to an aggregate extent of 50 percent or more but distributed among
stockholders so that no one investor or affiliated group of investors owns as much as 25 percent.
3. Outright ownership of real property, other than property held solely for the personal use
of the owner, or of a sole proprietor type of business enterprise.
4. The net assets of foreign branches of United States companies. A branch is denned as a
19
rapid growth in the number of operating businesses until
the middle of 1948 when the business population leveled
off. However, throughout the period, young firms were
found to be the most vulnerable, having death rates considerably in excess of older firms.
The relationship between the survival patterns of firms
acquired in 1944 and of firms in operation December 81, 1951,
for all industries combined can be seen in the first chart.
These particular years were chosen to allow showing each of
the distributions up to the maximum age present data permit.
The use of other years would not affect the picture
significantly.
The cumulative age distribution of firms in operation
December 31, 1951, exceeds the survival pattern of firms
acquired in 1944 at all ages and both these distributions
exceed the cumulative age distribution of firms sold or liquidated during 1951 (not shown in the chart). Considerable
error would obviously be introduced by substituting any
one of these distributions for one of the other two.
It is of interest that the relationship between the survival
pattern and the two age distributions found for all industries
combined is duplicated in only two of the major industry
divisions—finance and the service industries. In wholesale
trade, the cumulative age distribution of firms in operation
is not greatly different from the survival pattern, but both
exceed the cumulative age distribution of firms sold or liquidated. The same tendency is apparent, particularly at the
younger ages, in contract construction and in transportation.
In the remaining major industry divisions—retail trade,
manufacturing and mining—although the survival patterns
and the cumulative distribution of firms sold or liquidated
nearly coincide, the cumulative age distribution of firms in
operation far exceeds both.
The similarities or the differences between the distributions within the industries can, of course, be explained
through consideration of such factors as past patterns of
acquisitions in the industry together with the survival
experience of newly acquired firms, and the recent rate of
growth or decline in the industry.
business enterprise conducted abroad by a United States corporation in its own right and not
through a subsidiary foreign company.
The United States equity in these types of controlled foreign enterprises includes the book
value of all capital stock held in trie United States, whether by the parent company or others,
the equity of these stockholders in surplus arid surplus reserves, the net balance of intercompany accounts between the foreign enterprise and its parent organization or United States
affiliates of the parent organization, and long-term indebtedness payable to the parent company or nonaffiliated
United States persons, to the extent that information regarding the latter
indebtedness wTas available.
Since information was not specifically requested regarding the extent of the foreign organizations' liabilities to United States interests other than the reporter, or regarding the assets held
in the United States by the foreign organizations aside from accounts payable by the parent
company, the data may in some cases overstate or understate the equity in net foreign assets
controlled by United States interests in direct-investment enterprises abroad.
ISccpe: Replies in the census were mandatory under authority granted in the Bretton
Woods Agreements Act. Forms and instructions were mailed to all known holders of reportable investments. Foreign direct investments not included in the census are probably
relatively insignificant in relation to the total value reported, although they may be large in
number.
Reports for investments located in countries with Communist governments were incomplete, and, when reported, the information was generally applicable to an earlier date and
was unreliable. Consequently, investments in these countries except Yugoslavia have been
omitted entirely from the 1950 data.
Values: The dollar values represent the amounts carried on the books of the foreign organization converted into United States dollars. Where these conversions were ordinarily made
on their own books by reporters they were required to submit their reports in both foreign
currency and United States dollars.
If the reporter did riot ordinarily convert the foreign currency into United States dollars,
the report was submitted in foreign currency only. Reports submitted in foreign currencies
only were converted to United States dollars by using the average rate of conversion derived
from reports employing both currencies. Reporters that submitted statements in both
currencies usually converted to United States dollars by using the exchange rate current at
the date of the report to convert current assets and liabilities.
Fixed assets and related depreciation reserves were generally converted at the rate current
at the time the assets were acquired. To the extent that fixed assets were acquired at exchange rates higher than the rate of exchange current at the date of the report, this method
of converting to United States dollars resulted in average conversion rates somewhat higher
than the rates current at the end of 1950.
This method is different from that employed in previous surveys where, generally, all
amounts were converted at the then current rates of exchange. The values arrived at conform as nearly as possible to standard accounting practices but, as mentioned in the text,
they are generally lower than market values or replacement costs at current price
levels.
Industry classification: The reports submitted wrere financial reports consolidating all the
activities of a foreign corporation or branch operation. No breakdown based on type of
activity was required. The reports were therefore classified on the basis of what was considered to be the major field of activity.
In a few instances, foreign corporations have established subsidiary companies to handle
incidental functions which might ordinarily have been the responsibility of a division within
SURVEY OF CURRENT BUSINESS
20
December
the foreign parent company. These organizations were classified in the category of the foreign
parent organization when located in the country of the parent.
The industry groups used in the census compare with similar groups of the Standard Industrial Classification except in mining arid smelting, and petroleum. Smelting operations
are classified in. the manufacturing group in the Standard Industrial Classification but not
in the present census, because smelting facilities are considered a subsidiary operation to
mining.
The petroleum group as used in the census combines extractive and exploratory activities,
refining, tankers and pipelines owned by petroleum companies and distribution facilities.
These activities are classified by the Standard Industrial Classification as mining, manufacturing, transportation and wholesale or retail trade, respectively.
Geographic and industrial allocation: In those cases where the "controlled" foreign corporation owned 50 percent or more of the voting securities of another foreign corporation oper-
ating in a different foreign country or in another industry in the same country, a report wa
required covering the second corporation as a "secondary foreign corporation." Include*
in the category of "secondary foreign corporation" were the branch operations of "con
trolled" foreign corporations in countries other than the country in which the first o
"primary" corporation was located.
In such cases, the total equity of the primary corporation in the secondary corporation a
it appeared on the books of the latter was included in computing the United States equity n
the primary corporation. The United States equity in the secondary corporation was de
ducted from the United States direct investment in the country or industry of the primary
and allocated to the country or industry of the secondary corporation. The United Stated
equity in the secondary corporation was computed by allocating the equity of the primary
organization in the secondary organization according to the proportional investment of United
States and foreign stockholders and creditors in the primary organization.
Balance of Payments Trends
to Canada. The lower fares and increased carrying capacity
of planes resulting from the introduction of tourist-class
flights appears to have been a major factor in stimulating
travel to Europe.
The rise in miscellaneous service expenditures by the
Government reflects both rising troop expenditures abroad as
well as the first payments of our share in the cost of construction of "infra-structure" facilities for the armed forces
of all NATO countries. Military expenditures abroad,
whether for services or commodities, are likely to rise further
and provide increasing amounts of dollar exchange to foreign
countries.
(Continued from Page 6)
creased production abroad, principally in Canada. The
cotton carryover from the previous crop in other producing
countries was comparatively large, and, as the new crop
became available the pressure to dispose of excess stocks
increased.
The decline in tobacco sales to the United Kingdom may
in part be attributed to import restrictions by that country,
but stocks which had been accumulated during the previous
season are available to supplement the lower imports.
The remainder of the decline in exports was distributed
among all major commodity groups. The decline in cotton
textiles slowed down, however, while exports of industrial
machinery showed the first major decline after an upward
movement which had continued for about 2 years. The
general decline affected our exports of finished manufactures
as well as coal, petroleum products and industrial chemicals
to nearly all countries, not only those which tightened their
exchange restrictions.
The decline in foreign demand coincided with a definite
weakening in inflationary pressures in some of the major
industrial countries which resulted in a slower rise in industrial activity, and in some countries even in a small decline.
The reduced strain upon productive facilities permitted a
rise in the portion of total demand which was met from
within these countries, arid at the same time provides the
opportunity to increase their export capacity.
To some extent increased competition from abroad was
already felt by our export industry but a further intensification may be expected as export capacity abroad is expanded
and more fully utilized.
Progress in correcting imbalances abroad
Although some American exporters may have been affected adversely, the progress in adjusting the imbalance in
world trade has again been resumed. The earlier improvement reduced the need for Government assistance, at least
to the relatively well developed foreign countries, and the
renewed improvement will operate in the same direction.
Merchandise imports into the United States remained
generally at the high level reached early in the year. The
decline 'in value from the preceding quarter can largely be
accounted for by lower prices for raw materials, such as
rubber, and some seasonal decline in the volume of imports.
As long as domestic business activity remains at the current
high level major changes in imports are unlikely.
Service transactions contributed considerably to the rising
strength in the foreign financial position.
Net transportation receipts by the United States declined
to $70 million and were about $100 million less than during
the third quarter of 1951. Smaller exports of coal and grain
on United States vessels and lower rates for bulk shipments
were the main factors in the decline.
Tourist expenditures at their seasonal peak in the third
quarter were about 10 percent higher than last year. About
half of the rise accrued to Western Europe and the other half
Government aid and private investments lower
Economic aid to foreign countries declined somewhat from
the extraordinary high level during the previous quarter.
Military aid rose slightly.
Government loans include an Export-Import bank advance
of $154 million to France on orders by our armed forces for
military equipment which ultimately will be transferred
under the military aid programs.
Direct investments receded from the unusually high rate
during the preceding quarter, which was featured by large
security issues by American-controlled Canadian companies.
The decline of new issues explains largely the decline in direct
investments in Canada, which nevertheless continued at a
substantial rate.
Smaller shipments of merchandise to Brazil, and consequently smaller advances, were the major factors in the reduced capital outflow to Latin America. This affected direct
investments as well as short-term loans.
With respect to portfolio capital, the reversal from outflow
during the second quarter was in part due to a repatriation
of capital formerly invested in Canadian securities, as mentioned above. Also, new issues of World Bank bonds were
not repeated until October.
The sharp change in capital movements from the second
to the third quarter should not be interpreted as an equally
marked change in basic trends. It represents a short term
reaction to the far greater than average capital outflow in
the preceding period.
Summary
The over-all balance of payments situation reflects, therefore, the relatively rising rate of business activity here and
some slackening of demand abroad. Basically it is this combination of economic conditions which was responsible for the
decline of the export surplus of this country, and consequently
for the movement of gold and dollar balances in favor of
foreign countries. Temporary circumstances, however, have
considerably accentuated the change. During the last
months of this year these temporary conditions can be expected to lose their force so that the export surplus may rise
again and the accumulation in foreign reserves diminish.
But such a change should not be taken as an indication that
the basic improvements in international transactions did not
continue.
BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1951 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1947 to 1950, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1947. Series
added or revised since publication of the 1951 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
vided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
1952
1951
October
Data from private sources are pro-
November
December
January
February
March
April
May
June
July
August
September
October
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCTf
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil. of dol
Compensation of employees, total
do
Wages and salaries, total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income totalcf do
Business and professional cf
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
285.6
183.4
174.3
143.8
9.6
20.9
9.1
53 1
26.6
17.*)
9.4
288.0
186.5
177.4
145.8
10.0
21.7
9.0
52 1
27.3
15 4
9.4
42.7
42.7
24.7
18.1
—. 1
6.7
42.5
39.5
22.2
17.3
30
6.6
286.9
186.9
177.8
145.6
ICO 3
181 0
148 3
9.2
51 9
27.6
14 8
9.5
9 3
52 5
27" 5
15 2
98
41.2
39.5
22 9
16 6
1 7
6.9
6
7.1
Gross national product total
do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment
do
New construction
. do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
___
_ bil. of dol
Federal (less Government sales)
do
National securitv 9
__
_ do
State and local
do
337 1
210.5
25.3
116.2
69.0
52.9
22.4
24.7
5.8
2.6
339 7
213.2
25.2
118.0
70.0
50.0
23.7
25.7
.6
2.2
342 6
214.9
26.4
117 8
70.8
49.3
23.6
25.7
.1
.4
343 4
215 0
24.2
118 9
71.9
51 7
23.0
25 0
3 7
—1 2
71.2
48 9
44.3
22.3
74.4
51.2
46.4
23.2
78.0
54 9
50.3
23.0
77.9
54 8
49.6
23. 1
Personal income, total
__ do
Less* Personal tax and nontax payments do
Equals: Disposable personal income
do
Personal saving §
do
262.0
30 4
231.5
21.1
263.0
32 5
230. 5
17.3
264.4
32 9
231.5
16.5
268.9
33 6
235.3
20 3
PERSONAL INCOME, BY SOURCE!
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol
Wage and salary disbursements, total
do
Commodity -producing industries
do
Distributive industries __
do
Service industries _ __ _
do
Govp.rnmp.nt
do
Wage and salary receipts, total
do
Other labor income
do __
Proprietors' and rental income
__do
Personal interest income and dividends. _do
Transfer pavments __
_.
do
Less personal contribution s for social insurance 0
bil. of dol..
Total nonagricultural income..
do
261.7
174.0
75.9
46.5
20.7
30.9
170.5
4.3
53.4
20.8
12.7
260.9
174.8
75.8
46.5
20.8
31.7
171.3
4.2
52.5
20.5
12.4
263. 4
176.0
77.5
46.7
20.8
31.0
172.6
4.3
53.3
21.1
12.1
263. 4
176.7
77.3
47.1
20.8
31.5
173.1
4.3
53.4
20.1
12.8
263.5
178.0
78.2
47.1
20.9
31.8
174.5
4.3
52.1
20.5
12.4
261.9
177.3
77.7
47.0
20.8
31.8
173.9
4.3
50.7
21.0
12.4
262.5
176.7
76.9
47.0
21.0
31.8
173.4
4.4
51.2
21.5
12.3
264.5
177.9
76.7
47.7
21.3
32.2
174.6
4.4
51.7
21.5
12.6
266.7
179.3
77.2
48.5
21.3
32.3
175.8
4.5
52.8
21.4
12.5
263.9
177.4
74.0
49.3
21.5
32.6
173.9
4.5
52.2
21.3
12.4
269.6
182.5
78.7
49.4
21.5
32.9
179.0
4.5
51.8
21.4
13.1
3.5
3.5
3.4
3.9
3.8
3.8
3.6
3.6
3.8
3.9
3.7
239.1
239.5
240.7
241.7
243.4
242.7
242.9
244.9
245.9
243.4
249.4
T
r
273. 8
185 3
r
81.6
r
49.3
r
r
r
21.6
32 8
181. 9
4.5
r
53.4
21.4
r
12.9
275 8
187 0
82.7
49.5
21 8
33 0
183.6
4.6
53 6
21.4
13 0
3.7
3.8
253.0
255.2
NEW PLANT AND EQUIPMENT
EXPENDITURES*
7,421
All industries, quarterly total ..
mil. of dol
«• 6, 913
6, 228
6,420
Manufacturing
do
»-3 264
2,742
3 335
2 934
208
244
Mining
do
201
220
362
432
Railroads
do
290
381
Transportation, other than rail
do
361
344
310
378
1 117
Public utilities
do
847
957
970
Commercial and other
do
1,949
1,708
1,713
1,715
r
Revised.
fRevised series. Quarterly estimates of national income and product and quarterly and monthly estimates of personal income have been revised beginning 1949; see pp. 29-31 of the July
1952 SURVEY for the data.
(^Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
OData through 1951 represent employee contributions only; thereafter, personal contributions of self-employed
persons are also included.
{Revised beginning 1939. For revised annual data for 1939-51 and for quarterly data beginning 1947, see pp. 20 and 21 of the August 1952 SURVEY.
,
S-l
SURVEY OF CURRENT BUSINESS
S-2
December 1052
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October
November
December
January
February
March
April
May
June
July
August
September
October
'3,620
'3,609
r
1, 926
1,683
370
984
316
4,123
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments, total
mil. of doL_
Farm marketings and CCC loans, total
do
Crops
_-do
Livestock and products total
do
Dairy products
__do
M!ecit animals
do
Poultry and eggs _
do _ _
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39=100..
Crops
do ...
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39=100..
Crops
- do
Livestock and products
do
4,216
4,206
2,152
2,054
342
1,344
355
3,712
3,695
1,885
1,810
325
1,082
394
3,012
2,994
1,433
1,561
325
873
354
2,642
2,619
1,111
1,508
330
924
243
2,043
2,010
638
1, 372
330
809
227
2,122
2,079
628
1,451
369
817
254
2,100
2,053
571
1,482
389
812
262
2,176
2,142
573
1,569
433
825
272
2,381
2,361
851
1,510
427
769
271
2,711
2,697
1, 235
1,462
410
759
269
2,882
2,874
1,377
1,497
394
812
278
635
760
541
557
666
476
452
506
411
395
393
397
303
226
361
314
222
382
310
202
390
323
202
413
356
301
398
407
436
385
434
487
394
216
2G5
179
185
206
170
157
160
154
145
137
151
115
82
140
119
76
151
116
64
155
123
68
164
139
108
162
154
165
145
161
182
145
1935-39= 100. _
222
220
217
217
218
217
215
211
205
194
218
r
- -do
230
229
227
227
229
228
224
224
215
203
228
do
do
do
do
-do
__do
do
- do
do
276
261
158
171
151
340
201
190
230
277
261
155
172
146
347
209
198
236
280
263
141
178
122
358
207
196
235
280
261
142
175
125
359
216
206
243
281
261
148
176
133
360
217
204
249
283
263
149
175
135
359
218
204
252
277
245
152
170
143
354
218
203
257
278
246
145
168
133
353
216
199
260
249
140
155
169
148
352
210
195
246
r
232
139
150
'165
143
'331
r
201
184
241
268
'242
159
'175
152
337
213
197
251
'289
'2G7
'167
'183
'159
'353
221
r
2C9
248
P296
P276
do
do
do
do
do
do_ __
230
252
182
228
311
223
217
237
179
206
313
216
212
220
177
201
320
221
205
188
169
219
318
218
208
196
168
232
322
219
212
200
167
239
327
222
216
226
168
242
329
227
224
241
167
260
338
231
225
237
169
266
339
229
216
236
160
255
'287
r
162
'231
261
'169
272
'300
'175
'232
263
'167
267
'346
'239
p 233
267
p 167
262
P 356
• 246
Nondurable manufactures
Alcoholic beverages
Chemical products
Industrical chemicals
Leather and products
Leather tanning
Shoes
Manufactured food products
Dairy products
_
IV'Ieat packing
Processed fruits and vegetables
do _.
do
__do
do
do
do
do ___
do
do
do
do
193
197
303
556
91
80
98
177
128
156
210
191
178
304
563
91
81
97
164
98
188
111
185
154
302
563
88
79
94
158
95
195
96
184
145
302
562
100
86
110
151
86
193
83
186
152
300
562
109
96
118
149
97
175
84
184
155
298
563
108
86
122
148
116
165
82
180
155
295
559
102
84
114
149
152
152
89
180
158
291
558
105
90
115
154
197
147
96
187
176
296
563
102
90
111
165
217
147
124
181
186
295
r
565
90
77
98
174
215
137
'179
195
159
'299
'565
116
95
129
185
214
138
'230
200
159
'304
' 565
p 198
173
P 308
112
95
123
'190
173
154
'268
Paper and products
Paper and pulp
Petroleum and coal products
Coke
Gasoline
Printing and publishing
Rubber products
Textiles and products
_
Cotton consumption
Rayon deliveries
_
Wool textiles
Tobacco products
do
do_
do
do .__
do
do
do
do
- do
- do
do
do
196
191
269
185
212
181
239
154
140
293
114
191
191
187
276
185
214
183
245
157
144
289
120
198
183
181
281
185
215
178
250
152
136
283
118
137
187
185
281
188
211
170
248
157
144
296
116
176
194
190
281
188
212
175
243
160
150
294
122
167
192
188.
278
204
210
180
242
152
141
288
112
164
186
181
261
166
205
180
235
144
130
280
108
174
182
175
209
165
157
174
242
151
135
287
117
178
182
177
251
72
216
175
246
154
133
312
112
197
159
153
259
67
225
145
'225
147
111
343
103
179
188
180
'280
169
231
157
'242
170
143
'369
123
193
'191
181
281
177
'234
166
'249
'176
145
'377
136
198
do
__do
do
- do
__do
do
176
179
104
147
199
163
169
178
99
152
196
115
159
170
86
135
193
89
162
175
91
147
194
88
162
174
77
135
199
91
158
170
68
122
199
90
165
171
74
119
201
130
143
140
73
107
159
159
149
161
74
102
193
'75
144
155
57
91
190
81
161
161
61
102
194
164
'180
'180
88
144
'2C3
' 178
do
r
544
'681
443
4,098
2,303
1, 795
365
1,088
330
618
814
472
196
237
164
220
274
179
231
P231
'240
P242
r
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
Manufactures
Durable manufactures
Iron and steel
Lumber and products
Furniture
Lumber
-Machinery
Nonferrous metals and products
Fabricating
Smelting and refining
Stone clay and glass products
Cement
-Clay products
Glass containers
Transportation equipment
Automobiles (incl parts)
Minerals
Fuels
Anthracite
Bituminous coal
Crude petroleum
Metals
.
.
Adjusted combined index cf1
Manufactures
Durable manufactures
Lumber and products
Lumber
Nonferrous metals
Smelting and refining
Stone, clay, and glass products
Cement
Clay products
_
Glass containers
P163
P187
151
*>362
P228
P219
P250
P574
p 175
133
169
"184
203
192
P275
180
"228
180
P246
P 172
142
362
197
P168
v 168
95
93
p 205
P 170
218
219
218
221
222
221
216
211
204
193
214
'226
P227
_ _ __do __
226
22$
228
231
232
231
225
224
214
202
'225
235
P238
do __
do
_. do
do __
do
do_ ._
do
do
do
274
149
138
201
230
219
217
172
222
277
157
149
209
235
212
219
173
204
282
154
141
207
235
219
242
172
216
282
159
150
216
243
217
233
182
223
284
162
154
217
249
224
257
177
239
285
158
149
218
252
222
244
175
239
277
152
143
218
257
220
238
173
242
277
142
128
216
259
217
230
168
243
247
146
134
210
247
222
222
170
269
230
141
128
201
242
214
215
158
266
266
148
135
213
251
'221
231
164
261
'287
'155
'140
221
248
'222
227
r
161
261
P294
P 154
138
^228
"250
P222
P231
P158
254
183
190
188
194
181
191
179
185
189
P193
188
186
188
Nondurable manufactures
_.do
170
157
150
152
151
171
174
155
162
176
188
162
178
Alcoholic beverages
do
292
294
292
298
••302
297
'303
••299
298
300
299
*303
298
Chemical products
do
102
105
108
112
103
91
116
107
100
88
91
89
Leather and products
do
84
90
86
97
90
92
81
97
79
86
78
80
Leather tanning
do
163
160
162
162
165
166
166
163
160
166
160
P163
163
Manufactured food products
__do
142
146
148
138
147
145
148
148
136
137
140
137
146
Dairy products
do
165
182
179
146
162
148
158
170
147
163
168
169
157
Meatpacking
__do
r
146
147
'121
150
P143
!37
161
'138
133
121
123
128
163
Processed fruits and vegetables
do
r
Revised.
* Preliminary.
JRe visions for January 1950-July 1951 based on final data will be shown later. Revisions for 1910-49, incorporating changes in methods of estimation and adjustments in production, disposition, and prices, are shown on p. 23 of the December 1951 SURVEY.
cfSeasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes arc shown in the
1951 Statistical Supplement to the Survey
S-3
1951
October
November
1952
December
January
February
March
April
May
June
July
August
September
October
GENERAL BUSINESS INDICATORS—Continued
INDU STRIA L PRODUCTION— Continued
Federal Reserve Index — Continued
Adjustedcf — Continued
Manufactures— Continued
N endurable manufactures — Continued
Paper and products
1935-39=100Paper and pulp
do
Printing: and publishing
do
Tobacco products
do
196
191
177
185
191
187
175
194
184
182
174
147
187
IV 5
175
176
193
189
177
175
192
188
177
174
185
181
175
184
182
175
170
178
181
176
176
189
160
154
157
172
188
180
165
186
192
181
165
187
203
192
176
190
174
144
170
122
163
122
167
125
167
128
164
125
166
141
140
143
147
65
142
65
156
131
••175
r
149
p 165
P 151
45, 180
22, 726
10, 770
11.95(1
9. 224
2 835
6, 389
13,230
4 437
8, 793
44, 637
22, 373
] 0,710
11.663
9, 025
2 791
6, 234
13.239
4 352
8,887
42, 794
20, 962
9,745
11,217
8, 765
2 642
6, 123
13, 067
4 251
8,816
44, 792
22, 634
10, 861
11, 773
9,004
2 704
6, 300
13, 154
4 366
8,788
45, 866
23, 506
11, 352
12, 154
8,954
2 773
6, 181
13, 406
4 611
8, 795
43, 431
22, 085
10, 632
11,453
8,326
2 578
5,748
13, 020
4 314
8,707
45, 748
23 538
11,310
12, 228
8, 862
2 787
6,075
13, 348
4 496
8, 851
45, 533
23 247
11,328
11,918
8,448
2 669
5,779
13, 838
4 931
8,907
rr 44, 381
21 888
r
10,060
11,828
8,493
2 698
5, 795
14, 000
4 887
9,113
Business inventories, book value, end of month
(adjusted) total
mil of dol
Manufacturing, total
___ _
do
Durable-goods industries
- - do Nondurable-goods industries
do
Wholesale trade, total
_ do
Durable-goods establishments
do
Nondurable-goods
establishments
do
Retail trade tot r U
do
Durable-goods stores
do
Nondurable-goods stores
..
_do
73 677
42, 437
21.968
20, 469
10, 445
5, 248
5,197
20 795
9, 806
10, 989
73 883
42, 692
22, 337
20, 355
1 0, 373
5. 182
5, 191
20 818
9, 797
11,021
74 059
43. 039
22, 884
20, 156
10, 266
5, 1 07
5,159
20 754
9 720
11,028
73 996
43, 077
23,110
19, 967
10, 238
5,127
5,111
20 681
9, 775
10,906
73 829
43, 168
23,313
19, 855
10, 036
5, 01 1
5, 025
20 f25
9, 789
10,836
73 620
43, 237
23, 401
19, 836
10, 062
5, 055
5,007
20 3'?1
9, 583
10, 738
73 876
43* 402
23, 596
19 805
9,997
5, 054
4,943
9Q 477
9, (-24
10,853
73 074
43 144
23, 595
19 550
9,861
4 955
4,906
72 913
42 892
23, 348
19 544
9, 896
4 858
5,038
20 125
9 030
11,095
72 765
42, 748
22, 962
19 786
9,890
4 864
5,026
°0 127
8 749
11,378
MANUFACTURERS' SA LES, INVENTORIES,
AND ORDER Sf
Sales:
Value (unadjusted), total... ,
mil. of dol
Durable-goods industries
do „
Nondurable-goods industries
do
24, 303
11,509
12 793
22, 360
10, 542
11 818
21, 026
9, 963
11 063
22, 260
10, 459
11 801
22,416
10, 694
11 723
23, 205
11,270
11 934
22 950
11,237
11 713
22 478
11,056
11 422
r
r
21 640
10 284
11 356
r 20 051
Value (adjusted) , total
. _ do Durable-goods industries, total
do
Primary metals
.,.
do
Fabricated metal products
do
Electrical machinery and equipment. --do.
M"aohinerv 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 -
22, 726
10, 770
2, 053
1, 231
1,038
1 947
1,532
573
334
658
536
239
629
22, 373
10, 710
2, 065
1, 202
1,047
1 997
1,534
614
345
593
515
237
561
20, 962
9,745
1,889
1,070
999
1 863
1,295
615
276
537
425
245
531
22, 634
10, 861
1, 964
1,240
1, 064
2 050
1,647
645
264
614
496
284
592
23, 506
1 1 , 352
2,018
1, 205
1, 103
2 136
1, 645
733
306
678
549
280
701
22, 085
10, 632
1,973
1 126
1,059
1 970
] , 599
677
313
576
484
257
597
23, 538
11,310
1,994
1 256
1, 036
2 079
1,736
746
318
687
472
303
684
23, 247
11 328
1, 934
1 197
1,069
2 033
1,812
817
336
642
509
297
684
r
do
do
do
do
do
do
_ _ _ d o -..
do
do .._
do
do
do
11,956
3, 252
499
334
1,151
948
251
717
738
1,520
2.101
447
11,663
3,197
484
287
1, 082
976
212
679
718
1,490
2,097
440
11,217
3,116
504
281
1, 122
950
238
621
668
1,419
1, 937
362
11, 773
3,161
499
318
1,143
997
252
714
760
1 , 523
! , 938
468
12, 154
3,382
475
312
1,148
1, 045
270
694
733
1 , 606
2, 047
442
11,453
3, 126
530
292
1,093
958
231
651
702
1,515
1 949
406
12, 228
3,280
564
318
1,244
1,130
261
633
760
1 573
2 028
437
11,918
3,312
568
311
1,148
1,121
274
630
720
1 566
1 846
424
11,828
3,171
638
310
1,116
1,124
290
625
684
1, 495
1 945
430
do
do
do
41 , 894
21, 730
20 163
42, 31 6
22 051
20 265
43, 056
22, 650
20 406
43, 473
23, 092
20 381
43, 594
23 379
20 215
43, 732
23 647
20 084
43 614
23 813
19 801
43 407
23 924
19 483
16, 994
11,000
15, 063
16, 847
11.334
15, 291
16, 675
11,641
1 5, 278
16, 539
11,808
15 385
16 303
11 900
15 411
43, 039
22, 884
2,814
2,414
2,927
5,292
2, 733
1,950
549
1,069
827
757
1, 551
43, 077
23,110
2, 866
2,358
2,899
5, 385
2,747
2,039
569
1, 064
857
756
1,569
43,168
23 313
2, 893
2,409
3,042
5. 428
2 683
2, 082
561
1,064
866
757
1,528
43, 237
23 401
2,882
2,438
3 074
5, 465
2 670
2,124
549
1, 058
903
735
1, ,504
43, 402
23 596
2 886
2,445
3 119
5 539
2 669
2 170
560
1,041
922
748
1,498
Minerals..
Metals
do
do
BUSINESS SALES AND INVENTORIES^
Business sales (adjusted), total.
mil.
Manufacturing total
Durable-goods industries
Nondurable-goods industries
Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishmen ts
Retail trade, total
_..
Durable-goods stores
N endurable-goods stores
Nondurable-goods industries, total
Food and kindred products
_
Beverages
Tobacco manufactures . ._
Textile-mill products
Apparel and related products
Leather and leather products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber products
Inventories, end of month:
Book value (unadjusted), total
Durable-goods industries
Nondurable-goods industries
By stages of fabrication:
Purchased materials . .
Goods in process
Finished goods
of dol..
do
do
do
do
do
do
do _.
do
do
do ..
d(
d(
Book value (adjusted) , total
dc
Durable-goods industries, total
d(
Primary metals. . . _ _ . .
d < ._
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
42, 437
21 , 968
2,709
2 379
2,761
5, 002
2,615
1,780
' 584
1,022
834
735
1,546
42, 692
22, 337
2,718
2,372
2,799
5,131
2,730
1,897
573
1.018
819
749
1,532
r
r
'p 46, 276
23, 663
'11,510
' 12, 154
' 9, 055
2 793
r 6, 262
13, 558
r
4, 508
' 9, 050
48, 149
24 632
11, 974
12, 659
9, 407
2 931
6, 476
14, 110
4 802
9, 308
'
'
'
'
73 437
43, 224
23, 292
19, 632
r 9, 932
r 4, 964
r 4, 968
r
20 281
r 8, 956
' 11, 325
73 905
43, 310
23, 597
19, 713
10, 084
4, 986
5,098
20 oil
9, 164
11, 347
r 22 605
' 10 579
12 026
24, 700
11, €05
12 795
26 367
12, 799
13 568
r
21, 898
' 10 437
r
1,930
1 053
1,168
1 833
1,309
811
389
600
522
261
563
23, 663
11,510
2, 107
1,156
1,256
1 966
1,831
••749
'419
24, 632
11 974
2, 183
1 317
1, 200
2 032
1,842
791
410
679
553
297
689
12, 081
3, 267
609
325
1,162
1 171
267
650
704
1 560
1 956
408
11, 460
3,012
573
310
1,058
965
282
667
667
1 473
2 003
452
' 12, 154
' 3, 246
' 534
' 324
' 1, 137
'1,068
'275
'699
'678
' 1, 602
' 2 109
482
12, 659
3, 346
489
325
1, 180
1 274
269
729
710
1 669
2 185
42 972
23 518
19 454
42 660
23 050
19 610
42 707
23 116
19 591
'r 42 660
23 147
r 19 513
42 821
23 365
19 456
16, 156
11 919
15 332
15, 871
11 782
15 320
15, 737
11 813
15 110
15,699
12 041
14 967
15, 836
12 132
14 692
15 980
12 151
14 691
43, 144
23 595
2 909
2,432
3 133
5 525
2 674
2 177
566
1,040
926
748
1,466
42, 892
23 348
2 945
2,344
3 107
5,461
2 562
2 202
556
1,030
937
762
1,444
42, 748
22 962
2 928
2,235
3 062
5 314
2, 517
2 248
555
1,005
922
757
1,420
43, 107
23 200
2 971
2,309
3 037
5 280
2 641
2 291
532
1,010
904
770
1 456
' 43, 224
r 23 292
'3 031
' 2, 318
' 3 031
'5 274
r 2 636
' 2 343
' 534
' 1, 006
'892
'764
' 1 462
i
43, 310
23 597
3 062
2 396
3 049
5 294
2 722
2 430
533
1,019
875
778
1 439
9Q 069
9 112
10, 957
' 44, 455 r 43, 612
' r21 858 ' 21, 898
9, 777 r 10,437
11, 460
12, 081
8,371
8,949
2,495
2 817
6,132
5, 876
13, 343
13, 648
4,200
4 494
9,142
9,154
r
8, 844
11 207
21,888 ' 21, 858
' 10
060 r 9 777
r
991
' 1,113
1 085
1 184
1,154
1, 106
1 964
1 942
1,815
1, 167
736
790
377
350
597
621
483
497
265
302
619
678
72 714
43, 107
23, 200
19, 908
9,862
4, 934
4,928
19 745
8, 626
11,119
'629
'545
'245
'607
r
Revised.
p Preliminary.
cf See note marked "d*" on p. S-2.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.
tRevised series. All components of business sales, inventories, and orders have been revised since publication of the 1951 STATISTICAL SUPPLEMENT. The latest revision (affecting data
i 1948 for manu-
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1052
1952
October
Novem- December
ber
nary
February
March
April
May
June
July
19, 544
3, 473
1 296
1, 693
2,734
1, 537
558
1,028
741
3,011
2, 607
864
19, 786
3, 485
1, 289
1. 724
2, 764
1, 685
554
1,007
715
2,995
2,r 683
884
August
September
October
GENERAL BUSINESS INDICATORS—Continued
1
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf— Continued
Inventories, end of month — Continued
Book value (adjusted)— Continued
Nondurable-goods industries, totaL.mil. of doLFood and kindred products .
_. do
Beverages
do
Tobacco manufactures ... . _ do
Textile-mill products
do
Apparel and related products
do
Leather arid 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
20, 469
Ij
j
3, 668
1, 232
1,691
3, 336
1, 808
677
930
759
2, 993
2, 630
744
20, 355
3. 572
1,247
1,749
3, 192
1,828
643
943
780
3, 002
2, 618
782
20, 156
3,479
1. 233
1, 761
3, 045
1,816
613
986
795
2, 984
2, 600
843
19, 967
3. 456
1,229
1,722
2, 991
1,779
615
995
786
2, 979
2, 574
840
19, 855
3, 549
1,287
1,694
2,874
1, 694
581
1,027
779
2,966
2, 556
848
19, 836
3, 556
1, 317
1, 685
2,772
1, 650
587
1, 032
772
2,998
2, 602
865
19. 805
3 592
1, 313
1, 693
2,779
1, 590
582
1, 059
778
2, 986
2, 628
877
19, 550
3, 486
1, 321
1,704
2, 735
1,543
575
1, 039
751
2. 973
2, 544
878
New orders, net (adjusted), totalO
do
Durable-goods, industries, total
do
Primary metals
do
Fabricated metal products
do
Electrical machinery and equipment
do
Machinery, except electrical
do
Transportation equipment, including motor
vehicles and parts
mil. of dol.
Other industries, including ordnance _ . _do ,.
Nondurable-goods industries, total.
do
Industries with unfilled orders 9
do
Industries without unfilled ordersf
do
24, 297
12, 567
2, 525
1, 231
1,313
2, 139
23, 406
11, 820
1, 764
1,289
1,346
2, 146
22, 174
10, 937
1,737
1. 176
1,274
2,092
22, 695
11,115
2,013
1, 175
1, 195
1, 966
23, 493
11,392
1,947
1, 058
1, 550
1, 984
23, 075
11, 841
1,749
984
1, 955
1, 708
24, 569
12, 761
2, 258
1,262
1, 289
1,934
23, 284
11,492
1.883
1, 275
1, 156
1,713
2, 904
2, 456
11,730
2.631
9, 099
3,011
2, 263
11,586
2,614
8, 972
2, 536
2, 123
11,237
2, 668
8, 568
2,421
2, 346
11,579
2, f)7f>
8, 904
2,488
2, 3(54
12, 101
2, 792
9, 310
3, 330
2, 116
11, 234
2, 457
8,777
3, 447
2. 517
11,808
2, 477
9,330
3, 009
2, 456
11.792
2,645
9, 146
4,019
2 592
11,904
2,791
9, 113
Unfilled orders (unadjusted), totalO
do
Durable-goods industries, total
._ ___ do ...
Primary metals
do
Fabricated metal products
__
do _
Electrical machinery and equipment
do
Machinery, except electrical
do - .
Transportation equipment, including motor
vehicles and parts
mil. of doL.
Other industries, including ordnance
do
Nondurable-goods industries, total 9
do
65, 352
61, 665
8, 539
5,810
8, 593
11,946
65, 717
62, 076
8, 202
5, 766
8, 668
11, 916
65, 795
62, 410
8, 074
5, 739
8, 954
12, 018
66, 823
63, 506
8, 125
5, 934
9, 038
12, 165
67, 088
63, 797
7,983
5, 819
9, 227
12, 171
68, 992
65, 887
7, 800
5, 781
10, 596
11, 941
69, 978
67, 114
8,042
5, 997
10, 735
11,719
69, 230
66, 309
7, 838
5, 974
10, 754
11, 303
72,541
69, 340
8, 104
6,088
1 1, 302
11, 097
20, 612
6, 164
3, 688
21, 577
5, 947
3, 641
21,846
5; 780
3, 385
22 192
6, 052
3, 317
22, 414
6, 132
3, 292
23, 644
6,125
3, 105
24, 394
6, 228
2, 864
24, 344
6,097
2. 922
1
r
24. 327
' r 12, 423
1,271
1,278
1, 355
1, 90S
T
r
r
23 668
11, 393
r i 374
1, 252
1, 174
1. 916
r
19, 908
3,489
1, 259
1,720
2,798
1,770
543
972
722
3,022
2,728
884
«• 19, 932
3, 443
f
1 208
r
1. 726
'T 2, 833
1,7 725
541
r
973
r
734
21 792
9, 938
r
T
r
24 386
12 198
2 1(H
r
1,37")
r
1,311
T 1 gH3
94 590
11* 994
f
T
3, 171
2 265
12,187
r
2, 823
r q 3(34
2. 680
2 500
12,602
2, 800
r 75 f,(V2
74 091
71 471
8 46!
6 360
11,502
10 630
1.142
1, 066
1,515
2. 308
2, 118
11,854
3. 067
8,787
74 985
71, 705
r 75 220
r
71 882
r g 597
6, 196
11,497
11, 279
6. 226
11,419
11,115
26. 478
6, 271
3, 201
27, 563
6, 609
3,280
27, 912
6,613
3, 338 !
i
2, 788
877
r
r I 7g0
3, 069
2, 609
12, 295
2, 996
9,298
r g 501
r 3 Q29
r
19, 713
3 452
1 245
] 727
2, 81H
1 571
545
95(1
738
3 006
r
9 O^O
1, 367
1, 318
1 87>:>
() my^
r 72 305
r g 4^-,
r g 383
"•11,012
T 10 M4<>
6,417
' 3, 457
•">8 374
i}. l:'W
3. 220
7, 088
7,529
8,234
r 28 18 7
r
BUSINESS POPULATION
OPERATING BUSINESSES AM) BUSINESS
TURN-OVER
Operating businesses, end of quarter, total, .thous. .
Contract construction
do
Alutuifacturing
do
Service industries
do
Retail trade
„
... ..-do..
Wholesale, trade
do
-Ml of her
do .__
New businesses, quarterly total. .
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
M] other
do
do
do
do
do
do
do
Discontinued businesses, quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
Ml other
. do
do
do
do
do
do
do
Business transfers quarterly total§
-
..
.. ._
.
. .
do
4,014.0
380. 3
304. 3
859. 6
1, 664. 0
208. 4
597. 5
4, 035. 9
390. 6
305. 1
863. 2
1, 003. 9
210.0
003. 2
82. 4
12.8
8.8
15. 3
29. 1
3.9
I9 5
122. 8
24.2
12.9
21.2
4 1. 6
5. 3
17.6
80. 6
11.6
9.9
13.7
33. 6
3.1
8.8
100.8
13. 9
12. I
17.6
41 . 0
83 7
130. 2
11.9
BUSINESS INCORPORATIONS^
Xev/ incorporations (48 States)
._
number..
6, 812
6, 289
6, 913
8, 357
7, 138
7,902
8, 284
7,915
7,819
7, 549
r
INDUSTRIAL AND COMMERCIAL
FAILl RESd"
Failures, total
C ommer cial ser v ice
Construction
Manufacturing and ininine
Retail trade
_
Wholesale trade
number.
do
do
do
- - .._ do -.
do
643
57
85
612
150
304
47
587
48
68
106
307
58
71?
131
296
66
67 1
50
68
143
348
62
619
52
70
133
304
60
715
55
72
148
371
09
780
58
93
171
375
83
038
00
75
111
333
59
071
52
78
128
340
73
580
41
48
133
299
59
594
51
58
109
316
60
539
30
50
107
288
58
Liabilities, total
Commercial service
Construction
Manufacturing and ruining
Retail trade
.__
Wholesale trade
thous. of dol__
do
• - . do ....
do
• _ - _ - .-do do
29, 742
2,044
1, 937
12,219
6, 707
6, 835
17,567
952
3, 740
6, 158
4, 369
2, 348
19, 403
1,874
2, 251
6, 515
5,177
3,586
26, 208
4, 249
2, 672
8,365
7, 761
3,161
19, 474
1, 649
1, 935
5, 614
6, 548
3, 728
29, 232
4, 503
2, 485
13, 046
6, 905
2,233
29, 530
1,744
3,853
12, 633
7,050
4,250
21, 193
1, 219
2, 040
10, 217
5, 204
1,847
21,222
1,971
2, 990
6,971
7,024
2, 200
22, 789
1, 406
3,196
8,882
5,434
3,811
16, 322
1,809
1.816
5 056
5,255
2 386
20, 138
947
2,729
6 780
5,317
4 305
T
!
1
i
;
031
52
H8
140
291
54
35, 049
2 175
5 107
13 079
6'078
8 550
Revised.
v Preliminary.
fRevised series. See corresponding note on p. S-3.
O Adjusted data for new orders replace the unadjusted series formerly shown; for data beginning 1948, including those for unadjusted unfilled orders, see pp. 17 and 18 of the November
1952 SURVEY.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
^For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
§Re visions for 1944—1st quarter 1951 appear in corresponding note in June 1952 SURVEY.
cfData are from Dun & Bradstreet, Inc.
SURVEY OF'CURRENT BUSINESS
December 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-5
1952
1951
October
November
December
January
February
March
April
May
June
July
feerm-
October
295
272
236
233
436
319
206
229
310
316
372
295
225
288
264
240
234
428
329
200
182
305
309
349
307
227
282
260
240
219
429
311
215
189
304
301
328
316
228
August
S
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products §
Crops
-_ _
__
Food grains
Feed grains and hay
Tobacco
Cotton
_
Fruit
Truck crops
Oil-bearing crops
Livestock and products
Meat animals
Dairv products
Poultry and eggs
1910-14= 100 _do_ .
do
do
_
do
do_ _ _
do
do
do
do __.
do
do. _.
do _ _
Prices paid:
All commodities
1910-14=100 Commodities used in living
do
Commodities used in production
do
All commodities, interest, taxes, and wage rates
1910-14=100-
296
247
239
219
445
304
188
171
296
340
410
294
247
301
267
249
224
424
345
172
249
307
332
387
305
249
305
280
253
233
440
339
177
331
309
328
379
314
233
300
277
251
234
431
325
171
337
303
320
376
316
200
289
259
249
230
436
313
168
217
296
317
377
317
181
288
265
251
229
435
309
176
265
284
310
372
305
177
290
272
250
229
435
313
179
308
279
306
372
291
180
293
270
245
227
436
303
190
285
280
313
394
281
175
292
277
238
226
437
319
220
250
289
306
380
277
181
295
276
230
227
436
311
214
287
307
312
376
286
208
272
268
.277
274
271
277
273
272
275
275
271
278
276
271
281
275
270
280
276
271
280
276
271
281
273
272
273
273
273
273
274
273
274
271
'271
272
269
269
269
•
283
284
284
287
288
288
289
289
286
286
287
285
282
_ _ do .. -
105
106
107
105
100
100
100
101
102
103
103
101
100
All commodities (U. S. Department of Commerce
index)
1935-39=100
209.0
210.3
210.8
210.9
208.9
208.7
209.7
210.3
210.6
211.8
211.8
211.1
210. 7
215. 2
207. 3
215.2
207.3
215.2
207. 3
215.2
207. 3
213.0
207.3
200.2
205.0
201.0
205.5
206.6
206.8
20S. 1
207.9
211.6
208.7
219.4
212.1
190.8
202.3
233.2
194.1
216.7
227.6
277.0
147.6
99.0
210.1
205.0
142.4
173.8
i 190. 9
202.1
232.4
194.3
218.1
227.3
271.5
148.4
99.0
212.8
204.6
143.0
174.4
Parity ratio 9
RETAIL PRICES
Coal (U. S. Department of Labor indexes) :f
Anthracite chestnut
1935-39—100
Consumers' price index (U. S. Dept. of Labor):
All items
1935-39 = 1 00
Apparel
__
.—
-do ...
Food
do
Cereals and bakery products
do. . .
Dairy products
do
Fruits and vegetables
do _
Meats poultry, and
fish
do
Fuel electricity, and refrigeration
do
Gas and electricity
do
Other fuels
_ __
do _
Housef urnishings
_ - do
Rent
- do _ Miscellaneous
- do.
187.4
208.9
229.2
189.4
207.9
210.8
276.6
144.6
97.4
205.8
210.4
138. 2
166. 6
188.6
207.6
231.4
190.2
210.4
223.5
273.5
144.8
97.4
206.3
210.8
138.9
168.4
189.1
206.8
232.2
190.4
213.2
236.5
270.1
144.9
97.5
206.6
210.2
139.2
169.1
189.1
204. 6
232.4
190.6
215.8
241.4
272.1
145.0
97.6
206.8
209.1
139.7
169.6
187.9
204.3
227.5
190.9
217.0
223.5
271.1
145.3
97.9
206.7
208.6
140.2
170.2
188.0
203.5
227.6
191.2
215.7
232.1
267.7
145.3
97.9
206.8
207.6
140.5
170.7
188.7
202.7
230.0
191.1
212.6
247.2
266.7
145.3
98.0
206.1
206.2
140.8
171.1
189.0
202.3
230.8
193. 8
210.6
253.8
266.0
144.6
98.2
203.1
205.4
141.3
171.4
189.6
202.0
231.5
193.3
• 209.8
250. 0
270.6
144.8
98.4
203.4
204.4
141.6
172.5
190.8
201.4
234.9
194.4
212.3
253. 2
270.4
146.4
98.3
208.4
204.2
141.9
173.0
191.1
201.1
235.5
194.2
213.8
242.3
277.3
147.3
99.0
209.0
204.2
142.3
173.2
WHOLESALE PRICEScf
U. S. Department of Labor indexes (revised) :f
All commodities
,1947-49=100..
113.7
113.6
113.5
113.0
112.5
112.3
111.8
111.6
111.2
111.8
112.2
r
l!1.8
111.1
Farm products
__
__do
Fruits and vegetables, fresh and dried _ do
Grains
do
Livestock and live poultry
do
111.5
96.1
101.1
114.5
112.0
106.9
103.9
108.5
111.3
117.4
105. 1
107. 5
110.0
121.5
103.6
106.7
107.8
112.6
101.7
106.2
108.2
' 123.9
102.0
105.2
108.7
127.3
100.9
106.6
107.9
128.9
98.8
108.9
107.2
124.2
95.4
107.2
110.2
128.2
94.9
108.2
109.9
124.3
96.9
106.4
T
106. 6
115.6
96.9
99.3
104.9
111.7
95.0
94.8
Foods processed
do
Cereal and bakery products
do
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen
1947-49= 100. _
Meats, poultry, and
fish
do_ _.
111.6
106.8
108.5
111.0
107.8
111.1
110.7
107.9
113. 0
110.1
107. 5
113. 2
109.5
107.4
115.1
109.2
107.5
113.3
108.0
107.4
112.2
108.6
107.0
110.6
108.5
106.7
110.1
110.0
106.5
113.8
110.5
106.4114.3
r
110. 3
106. 5
116.4
108. 5
106.4
115.9
105.6
119.5
106.1
115.8
106.2
113. 6
105.7
113.5
104.8
110.8
104.9
111.0
104.6
109.4
104.2
112.1
103.5
110.1
103.9
110.6
105.1
112.3
r
r
105. 9
109. 4
105.9
104.1
114. 6
108.8
120.9
95. 6
71.8
107. 5
108.7
114.5
108.6
120.9
95. 0
65.2
108.1
109.8
114.6
108.4
120.8
95.2
61.5
108.9
109.9
114.3
106.7
118. 1
94.8
56. 8
109. 4
109. 3
114.2
105.9
117. 5
93.4
51.2
109. 6
108.7
113.8
105.4
117.0
93.1
47.3
109.6
107.9
113.3
104.8
116.8
92.7
42.6
109.8
108.0
113.0
104.3
115.1
92.2
47.2
111.5
107.3
112.6
104.3
114.9
92.2
52.0
109.9
107.0
112.5
104.2
114.7
92.1
49.8
110.7
106.9
113.0
104.0
114.6
92.1
47.5
110.9
106.9
'113.2
104. 0
114. 3
92.1
48.9
111.0
107.0
113.0
103.9
113.9
92.0
51.0
111.0
106. 5
Fuel, power, and lighting materials
do
Coal
do
Electricity
do
Gas
.do
Petroleum and products
do
Furniture and other household durables
1947-49 = 100. _
Appliances, household
do
Furniture, household
do
Radios, television, and phonographs. .do
106. 8
108.7
98.0
99.2
110.9
106.9
108.8
98.0
99 2
107.4
108.8
98. 0
106.6
110.8
107.2
108.8
98.0
107.0
110. 4
107.4
108.7
99.1
105.7
110.6
106.3
104.9
99.1
106.6
109. 5
106.0
104.9
98.0
104.2
109.9
105.9
105.3
98.5
102.0
109.6
106.0
106.0
99.1
101.4
109.4
105.8
106.5
100.7
100.4
108.3
r
r
r
T
no! 9
107.4
108.9
98.0
106.6
110.8
106. 2
107. 6
101. 3
100. 3
108.5
106.6
113. 3
98.5
100. 4
108. 5
112.8
107.9
115.4
93.0
112.7
107.9
115.5
93.0
112.7
108.2
115.1
93.0
112. 3
108.0
113.6
93.1
112. 4
108.0
113.5
93.1
111.9
107.4
113.4
90.7
112.1
107.8
113.4
90.7
111.7
107.3
113.1
90.7
111.6
106.8
112.7
93.8
111.6
106.8
112.6
93.8
111.5
106. 8
112.5
93.7
r
T
112.0
107. 3
112.6
93.7
112.0
107.2
112.6
93.7
Hides, skins, and leather products. _ . do
Footwear
__ __do_ __
Hides and skins __
do
Leather
_
do
113.6
119.4
109.5
110.1
107.0
118.0
87.6
100.3
105.1
116.5
81.7
98.7
102.2
115.9
69.7
97.0
99.5
116.1
63.7
89.5
98.0
115.9
59.6
87.6
94.1
113.9
49.7
84.4
94.7
111.1
58.1
84.5
95.9
111.0
59.5
88.9
96.2
110.6
61.8
89.3
96.5
110.6
64.4
89.3
96. 5
1 10. 6
64. 4
89.3
96.7
110.6
65.4
90.1
Lumber and wood products
Lumber
121.7
121.1
121.1
120.8
120.3
120.4
120.1
120.4
120.3
120.6
120.5
120.7
120.9
121. 3
120.7
121.1
119.9
120.1
120.2
120.4
120. 5
120.6
120. 4
120.6
120. 2
120.2
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. __
Paint and paint materials
_
do
__do
do
r
r
120.8
121.4
121.6
121.6
122.0
121.8
120.7
121.4
121.3
120.5
120.2
121. 3
121.5
Machinery and motive products
do
121.8
121.5
120.2
121.5
121.6
121.8
120.2
121.5
121.5
120.2
121. 5
121.5
121.5
Agricultural machinery and equip
do _ _
r
125.2
125.3
124.
9
125.4
124.9
124.6
124.0
125.4
123.8
125.3
123.6
125. 8
125. 8
Construction machinery and equip. . -do
T
122.1
120.8
120.9
121.6
121.5
121.5
121.8
119.9
119.0
120.0
121.8
119.8
119. 7
Electrical machinery and equipment.. do
120.0
120.0
117.1
119.7
119.7
116.5
116.3
116.0
119.7
119.7
119.7
119.7
119.7
Motor vehicles
do
r
Revised.
i Index on old basis for October 1952 is 191.5.
§November 1952 indexes: All farm products, 277; crops, 257; food grains, 248; feed grains and hay, 213; tobacco, 412; cotton, 288; fruit, 195; truck crops, 238; oil-bearing crops, 300; livestock
and products, 295; meat animals, 310; dairy products, 318; poultry and eggs, 238.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
cf'For actual wholesale prices of individual commodities, see respective commodities.
fRevised series. Indexes of retail prices of coal (for residential heating) reflect use of new base period and expansion of city coverage; comparable data are available for various periods back
to 1913 and will be shown later. Revised wholesale price indexes reflect use of new base period,expansion of commodity coverage, and changes in the classification system, weights, and calculation method; for monthly data beginning January 1&47, see pp. 22-24 of the March 1952 SURVEY. Revised monthly data for 1926-46 for "all commodities" and "all commodities, except farm
products and foods" are on p. 24 of the June 1952 issue. It should be noted that the revised wholesale price series does not replace the former index (1926=100) as the official index of primary
market pi-ices prior to January 1952.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1952
1951
October
November
December
January
February
March
April
May
June
July
August
September
October
COMMODITY PRICES—Continued
WHOLESALE PRICESc?— Continued
U. S. Department of Labor indexes (re vised) :t—0on.
Commodities other t-han 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
Gypsum 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 __
122.4
114.6
123.1
124.0
113.6
121.4
112.4
117.4
122.5
114. 4
123.1
124.1
113.6
121.4
112.4
117.7
122.5
114.5
123.1
124.2
112.8
121.4
112.4
117.7
122.4
114.0
123. 1
124.2
112.9
121.4
112.4
117.7
122.6
114.0
123.2
125. 0
112.9
121.4
112.4
117.7
122.6
114.0
123.2
124.9
112.9
121.4
112.4
117.7
122.5
113.9
123.0
124.8
112.8
121.3
112.4
117.7
121.8
113.7
122.8
122.0
112.9
121.4
112.4
117.7
121.1
113.5
122.4
120.0
113.8
121.4
112.4
117.7
121.9
113.6
122.3
124.0
113.8
121.3
112.4
117.7
124.1
113.7
127.2
124.4
113.8
121.3
112.4
117.7
' 124. 6
113.7
* 127. 5
124.7
113.8
121.3
112.7
117.7
124.1
113. 7
127.3
122.9
114.4
124.0
112.7
117.7
118.8
122.1
144.7
133.9
103.9
103.3
100.8
122.5
91.5
120.8
118.4
122.4
144.6
133. 9
103.9
102.3
102.3
123.2
91.5
122.0
118.4
122.4
144.3
133.4
104.0
102.1
103.3
125.3
91.7
120.3
118.2
122.8
144.1
133. 4
103.3
101.7
102.8
126.0
91.4
118.0
118.3
123.7
143.1
133.4
102.1
101.7
101.0
130.2
89.9
114.4
117.7
123.8
142.0
133.4
100.6
101.6
99.6
129.1
87.3
111.8
117.4
123.5
140.6
133.0
99.9
101.2
98.6
128.4
86.7
109.2
116.9
123.5
140.4
133.0
99.3
100.8
97.2
128.8
86.8
111.7
116.7
124.2
133.4
130.5
99.0
100.3
95.4
129.8
88.6
112.8
115.3
123.8
130.0
129.6
98.9
99.5
96.1
134.7
89.2
113.9
115.6
124.0
127.8
126.3
99.1
99.1
97.6
139.3
90.5
113.3
'115.6
124.0
126.3
126. 3
99.5
99.3
r
98.9
139.3
"89.9
' 112. 4
115. 5
124.9
126.0
126. 3
99.2
98.4
99.2
140.0
89.5
113. 2
107.5
105. 8
105.7
107.5
105.9
105.0
108.1
105. 9
105.0
108.1
105.9
105.0
110.8
111.2
105.0
110.8
111.2
105.0
110.8
111.2
105.0
110.8
111.2
105.0
110.8
111.2
105.0
110.8
111.2
105.7
110.8
111.2
105.7
110.8
111.2
105.7
110.8
111. 2
105. 7
46.0
53.4
43.6
46.0
53.0
43.2
46.0
52.9
43.1
46.3
52.9
43.0
46.5
53.2
44.0
46.5
53.2
43.9
46.7
53.0
43.5
46.8
52.9
43.3
47.0
52.7
43.2
46.7
52.4
42.6
46.6
52.3
42.5
-46.7
52.4
42.9
47.0
52.4
43.0
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale pricesf
Consumers' prices
Retail food prices
.. .
1935-39= 100. .
do
do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY 9
mil. of dol _
2,849
2,624
2, 366
2,174
2,088
2, 332
2,516
2,743
2,945
3,027
3,095
3,098
3,011
Private, total
do _.
Residential (nonfarm)
do
New dwelling units
do __
Additions and alterations
_ do
Nonresidential building, except farm and public
utility total
mil of dol
Industrial
do
Commercial
-do_
Farm construction
do
Public utility
do
1,908
963
858
91
1,818
930
832
84
1,674
840
760
66
1,517
719
650
56
1, 403
676
600
63
1,617
799
710
77
1,690
849
750
87
1,811
922
810
99
1,925
983
865
103
1,994
1,023
905
101
2,037
1,047
930
99
2, 030
1.049
935
96
1,988
1,048
935
95
440
205
95
148
351
425
200
96
126
331
415
200
92
110
303
415
209
83
110
267
406
209
75
113
263
398
202
74
123
292
386
194
73
136
313
392
188
82
157
333
404
182
92
171
359
411
180
97
180
371
418
181
98
183
381
430
187
101
168
376
434
189
104
139
360
941
66
318
103
2C3
78
83
806
68
300
109
187
76
75
692
66
289
88
111
72
66
657
63
286
91
90
62
65
625
58
275
85
90
56
61
715
55
311
100
115
65
69
826
54
343
109
175
68
77
932
54
356
116
250
72
84
1,020
54
375
119
310
76
86
1,033
53
375
121
320
76
88
1,058
55
373
129
335
75
91
1,068
53
369
127
350
79
90
1, 023
52
352
125
330
77
87
28,832
36, 323
931,768 1, 234, 339
502, 416
323, 736
731, 923
608, 032
31, 842
902, 091
296, 897
605, 194
50,097
45, 041
33,767
63, 709
50, 845
52, 078
52,909
47, 006
50, 542
885, 206 1, 321, 254 1, 597, 517 1, 563, 660 1, 488, 850 1, 511, 285 1, 438, 725 r 2,029,203 1, 300, 958
554, 050
636, 357
338, 662
557, 803
559, 140
618, 737
501, 258 1, 269, 355
410, 433
961, 160 1, 005, 857
546, 544
767, 204
929, 710
892, 548
937, 467 r 759, 848
890, 525
New construction, total
Public, total
Residential
Nonresidential building. _ _ _
Military and naval
Highway
. _.
Conservation and development
Other types
_ _
_
do __
do
do _.
do
_do__
do
do
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
42, 735
Total projects_ _ _ _ _ _
number. Total valuation
thous. of dol 1,051,419
306, 604
Public ownership _
__ _ ..do
Private ownership
_
do ._ 744, 815
Nonresidential buildings:
Projects
Floor area
Valuation. . _ _
Residential buildings:
Projects
Floor
Valuation
Public works:
Projects
Valuation
Utilities:
Projects
Valuation
4,775
34, 782
418, 203
3,618
27,611
327, 706
3,262
43, 016
593, 007
3,325
24, 868
357, 676
3,472
24, 941
301, 404
4,311
33, 345
463, 276
4,449
39, 343
562, 256
5,088
37, 346
462, 863
5,022
41, 725
551, 500
5,468
40, 979
562, 686
5,196
4,289
38, 912
29, 257
519, 940 1, 262,367
5,161
38, 822
470, 520
number
thous of sq ft
_. -thous. of dol
36, 152
52, 454
496, 247
31, 162
47, 248
443, 884
24, 204
37, 985
346, 104
27, 380
37, 423
337, 721
29, 069
45, 380
396, 438
38, 860
65, 422
592, 717
43, 447
73, 847
681, 614
55, 759
82, 579
753, 755
43, 012
62, 176
581, 792
43, 465
64, 003
608, 078
44, 943
65, 863
627, 596
40, 440
56, 743
518, 471
43. 312
65, 489
592, 313
number
thous of dol
1,457
101, 903
1,233
117, 809
1,064
138, 859
840
130, 814
930
124, 885
1,429
193, 714
1,814
241, 740
2,353
219, 628
2,266
245, 969
2,680
243, 458
2,310
208, 887
1,838
176, 652
1,665
152, 455
number
..thous. of dol_.
351
35, 066
310
42, 369
302
156, 369
297
75, 880
296
62, 479
441
71, 547
387
111, 907
509
127, 414
545
109, 589
465
97, 063
460
82, 302
439
71, 713
404
85, 670
134
156
140
160
141
141
156
146
134
124
166
145
132
118
161
142
136
145
156
163
166
183
164
174
196
222
171
189
203
221
168
186
200
213
172
193
194
199
177
196
218
192
207
193
T
192
r
207
T
'209
200
180
209
185
number _.
thous. of sq. ft
thous. of dol_.
"
Value of contract awards (F. R. indexes) :t
Total, unadjusted
1947-49=100
Residential, unadjusted
_.do___
Total, adjusted
do
Residential, adjusted
_ ...
do
Engineering construction:
Contract awards (ENR)§
thous. of dol. _ 1, 026, 973 1, 024, 775
829, 173 1, 196, 798
788, 429 1, 042, 851 1, 180, 340 1, 433, 642 1, 140, 654 2, 310, 504 2, 210, 572
Highway concrete pavement contract awards:©
i 4, 159
3,487
5,411
5,386
3,723
2,856
3,757
Total
thous. of sq. y d _ _
621
879
1413
427
238
275
671
Airports
do
1,497
3,289
1,814
803
1 2, 197
988
2,901
Roads
do
1,369
1,777
1,271
1
1,
549
1,856
1,695
2,248
Streets and allevs
.do
T
1
Revised.
Data include some contracts awarded in prior months but not reported.
cf For actual wholesale prices of individual commodities, see respective commodities.
JSee note marked "t" on p. S-5.
fRevised series. Purchasing-power data are based on revised price indexes shown on p. S-5; for revisions through 1951, see
reflect use of new base period; revisions prior to 1951 will be shown later.
9 Revisions for January-March 1951 (except for grand total, total public, and military and naval, which have been further
SURVEY; revisions for 1947-50 and for January-August 1951 (for the three series aforementioned) will be shown later.
§Data for November 1951 and January, May, July, and October 1952 are for 5 weeks; other months, 4 weeks.
©Data for November 1951 and January, May, July, and October 1952 are for 5 weeks; other months, 4 weeks.
6,702
791
3,128
2,783
7,047
843
3,401
2,803
6,587
729
2, 657
3.201
6, 081
1,070
2, 652
2.359
191
952, 218 1, 446, 400
5, 537
1.691
1, 051
2. 795
5. 258
1,512
1,486
2. 2M
p. 24 of the June 1952 SURVEY. Indexes of contract awards
revised) are shown at bottom of p. S-4 o f the June 1952
SURVEY OF CURRENT BUSINESS
December 1952
8-7
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October
November
1952
December
January
F6
arr
March
April
May
June
July
August
September
October
98, 000
i 101, 000
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U . S . Department of Labor)
number. Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total
number .
Privately financed, total
do
Units in 1-family structures
do
Units in 2-family structures
do
Units in multifamily structures
-do
Publicly financed, total
do
Indexes of urban building authorized :f
Number of new dwelling units
1947-49=100.Valuation of building, total
do _.
New residential building
__
do
New nonresidential building
do _Additions, alterations, and repairs
do
90, 000
74, 500
60, 800
43, 180
42, 187
35, 580
2,489
4,118
993
34, 989
32, 681
27, 781
1,766
3,134
2,308
27, 807
26, 782
21, 224
1,700
3,858
1,025
94.4
118.0
121.8
r
109. 6
r
122. 9
76.5
96.6
97.6
100.3
84.6
117.5
64, 900
77, 700
103, 900
106, 200
37, 659
34, 374
28, 376
2,386
3,612
r
3, 285
45, 676
43, 163
34, 978
3,017
5,168
2,513
57, 937
49, 845
40, 139
3,469
6,237
8,092
64, 867
56, 241
45, 938
3,558
6,745
8,626
61.3
77.0
75.3
80.5
75.5
82.1
91.8
99.7
80.8
87.8
100.9
107.5
126.2
81.4
97.4
130.1
140.7
166.1
110.3
115.1
142.5
152.3
183.8
115.6
118.6
129.5
147. 0
171.2
113.5
133.2
117.6
117.5
374
118.4
118.3
118.6
374
119.5
119.7
538
562
548
495
532
379
538
562
548
494
532
378
539
573
548
494
533
380
542
581
549
497
535
380
543
581
550
497
535
378
544
582
551
498
537
378
545
582
552
499
541
379
235.1
236.4
246.8
235.1
236.4
246.9
235.9
237.2
246.9
237.0
237.9
248.0
236.7
237.4
247.8
237.2
237.7
248.0
236.8
236.5
242.5
251.1
221.5
236.9
236.5
242.5
251.1
221.5
237.7
237.0
242.7
250.5
221.9
239.2
238.0
243.8
251.9
222.6
239.0
237.9
243.7
251. 5
222.4
247.3
245.6
247.3
245.7
247.3
245.4
248.5
246.5
119.6
120.8
120.0
120.9
120.0
120.9
120.1
121.3
r
r
109, 600
103, 500 ' 102, 600
r
99. 100
' 61, 436 r 55, 075 ' 52, 126
'r 53, 372 ' 48, 850 r 50, 5S4
' 41, 804
«• 41, 084
43, 644
r 2, 930
r 3, 060
3,532
5,850
' 4, 706
6,196
1,542
6,225
8,064
r 49, 250
r 47, 832
' 38, 867
T 3, 292
5,673
1,418
r 53, 296
'51,878
42, 352
3,078
' 6, 448
1,418
54, 475
52, 347
42, 620
2,713
7,014
2,128
121.8
157.0
161.7
152. 7
149.4
116.0
145. 6
150.9
139.9
138.7
108.2
133.8
139.4
128.6
124.6
r
117. 1
'f 143. 0
155. 2
'
127. 8
r
132. 9
119.1
144.3
160.3
123.8
131.0
120. 8
383
'121.8
122. 4
M22.7
383
122.6
548
584
554
504
543
381
550
588
554
504
544
382
555
600
554
513
549
391
558
602
555
513
549
393
561
604
556
514
551
394
562
604
557
521
551
397
238.3
238. 5
248.9
239.4
239.2
249.5
242.1
241.3
251.9
243.5
242.9
252.7
245. 3
244.5
253. 8
246.0
245.2
254.4
246.4
245. fi
239.7
238.3
244.0
251.5
222.7
241.0
239. 3
245. 1
252.1
223. 3
242.2
240.7
245.8
252. 8
226.1
245.3
243.4
247. 8
255.8
226.4
246.8
245.7
248.8
256. 4
229.5
248.6
247.5
249.8
257. 0
231.2
249.4
248.5
250.5
257. 3
232. 2
249.8
248.2
248.3
246.2
248.5
246.2
249.4
246.9
250.0
247.4
252. 5
249.8
253.3
250. 4
254. 2
251. 1
254. 8
251. 5
254.6
120. 5
121.5
120.6
122.3
121.3
123.0
122.0
124.0
122.6
126.0
124.9
128.9
125.6
129.5
125.6
129.9
126.0
129.9
CONSTRUCTION COST INDEXES
Department of Commerce composite t- 1947-49 =100- .
Aberthaw (industrial building)
1914=100
American Appraisal Co.:
Average, 30 cities
1913=100.Atlanta
do - _
New York
do- _ _
San Francisco
do
St. Louis
_
__do _ Associated General Contractors (all types) .--do
E. H. Boeckh and Associates, Inc.:§
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete. -U. S. avg. 1926-29 =100. _
Brick and steel
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
do
Brick and wood
__do-_
Frame
__
_
do
Steel
do
Residences:
Brick
do
Frame
_do_ .
Engineering News-Record :tcf
Building
1947-49=100
Construction
do
Bu. of Public Roads—Highway construction:
Composite standard mile
1925-29=100
169.1
166.7
r
r
254. 2
250. 5
256.8
232.4
251. 2
174 9
171 8
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted
do
178.0
160.6
157.3
158.7
134.6
152.3
139.8
163.7
140.0
169.7
150.8
159.6
156.9
157.8
157.6
149.0
149.9
140.1
149.6
140.6
r
T
173. 3
153. 1
» 177. 5
9 165. 1
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: New premium paying
123, 807
125, 629
125, 363
124, 701
159, 063
134, 248
147, 208
140, 528
127, 751
thous. of doL - 144,596
147, 057
162, 487
185, 442
235, 651
244, 042
242, 103
301, 276
296, 748 308, 639
267, 958
195, 987
189, 189
202, 758
Vet. Adm.: Principal amount .
•
do
202, 746
217, 292
220, 008
Federal Home Loan Banks, outstanding advances
589
612
806
665
581
781
760
653
656
591
to member institutions
mil. of dol
687
715
752
New mortgage loans of all savings and loan associa514, 098
404, 033
486, 999
549, 140
427, 835
400, 443
430, 482
586, 842
595, 994
586, 035
tions, estimated total
thous. of dol 617, 431
616,352
658, 787
By purpose of loan:
154, 763
171, 907
182, 636
131, 487
115, 168
190,039
197, 525
128, 665
125, 287
Home construction-.
do .
191, 812
199, 720
192, 667
207, 589
213, 723
238, 587
185, 920
202, 159
182, 710
183, 733
I 220, 506
264, 692
257, 069
279, 192
251, 884
Home purchase
do
285, 337
303, 107
49, 104
42, 794
49, 446
43, 397
37, 906
53, 014
37, 920
37, 322
49, 595
50, 076
Refinancing
.
•
do ..
50, 850
50, 457
54, 597
18, 959
21, 797
15, 567
14, 785
12, 895
15,033
18, 558
25, 065
24, 452
Repairs and reconditioning __
do
24, 238
24, 625
26, 097
25, 997
60, 405
51, 464
56, 674
50, 378
63, 184
46, 953
45, 819
48, 603
64, 128
62, 098
63, 044
61, 794
Al 1 other purposes
.
.
do :
67, 497
New nonfarm mortgages recorded ($20,000 and
under) estimated total
thous of dol 1, 483, 786 1, 366, 073 i 1,308, 151 1, 298, 254 1, 270, 908 1, 393, 317 1, 482, 161 1, 511, 488 ! 1, 512, 734 1, 590, 319 1, 597, 783 1, 587, 523 1, 727, 343
11.6 i
11.5
12.1
11. 7
11.3
11.1
10.8
11.7
11.0
Nonfarm foreclosures, adjusted index. 1935-39= 100- 12.4
11.1
11.1
72, 254
69, 925
74, 155
54, 660
67, 380
62, 354
60, 064
68, 206
58, 585
61, 675
Fire losses
thous. of dol
56, 462
58, 949
63, 958
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
Combined index
1935-39=100 .
Business papers
do
Magazines
- _do _ _
Newspapers
do
Outdoor.__.
__do _
Radio
do
Tide advertising index, unadjustedf. .1947-49= 100. .
Radio advertising:
Cost of facilities total
thous. of dol
Automotive, incl. accessories
do
Drugs and toiletries
_
. -do _
Electric household equipment
do
Financial.
_.
do - _ .
Foods, soft drinks, confectionery
do
Gasoline and oil .
-_
.-do _.
Soap, cleansers, etc
do
Smoking materials
_ __
do . _
All others
do
429
476
403
307
341
257
144.5
427
483
347
317
347
258
144.9
435
470
357
304
352
253
117.2
453
481
379
293
346
244
115.6
447
487
369
304
401
253
127.7
438
511
371
300
362
248
141.3
439
514
404
294
362
247
153.2
433
515
388
310
354
236
154.1
436
520
362
329
372
241
140.8
445
554
403
327
359
226
114.2
456
548
369
310
r
383
254
111.2
456
547
387
318
344
264
475
529
420
340
378
288
141.9
165.4
14, 948
377
3,991
266
307
4,170
459
1,631
1,855
1,893
14, 377
339
14, 619
464
3,751
147
326
14, 520
407
13, 561
276
3,691
204
353
14, 520
329
13, 948
319
13 970
370
12 887
3,792
3,862
3,734
3,233
447
1,482
1,590
1,726
493
1,558
1,632
2,145
424
1,698
1, 546
1.795
452
1,660
1,416
1.659
r 9 557
196
T
2, 658
340
338
2 604
381
1 079
700
1.263
r 10 941
153
365
12 972
345
3,612
251
343
3,699
274
315
4,127
445
1,546
1,841
1,793
4,090
512
1,432
1,794
2,102
3,993
224
359
3,917
475
1, 592
1,772
1,781
3,949
204
348
3,847
171
356
3, 802
431
1,624
1,596
1,801
3,885
r
r
256
323
3 010
3,288
316
367
337
331
2 971
3 319
'452
1 589
l'o42
2.206
434
1 250
776
1. 559
r
Revised.
» Preliminary.
i Data for November 1952, 86,000.
t Revised series. Indexes of urban building and construction costs (Dept. of Commerce and ENR) reflect use of new base period; revisions prior to February 1951 for urban building and
prior to August 1951 for Engineering News-Record indexes will be published later. Revised indexes (Dept. of Commerce composite) for 1915-38 (annual) and 1939-51 (monthly) are shown
on p. 24 of the August 1952 SURVEY. The Tide advertising index (covering national advertising only) has been completely revised to incorporate new base period and other major changes,
including addition of data for network television; figures back to 1940 will be available later.
§See last paragraph of headnote, p. S-l.
c? Data reported at the beginning of each month
are
here for the previous month.
Digitized for shown
FRASER
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1950 arid descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1952
1951
October
November
December
January
February
March
April
May
June
July
August
Septembar
October
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Magazine advertising:!
Cost, total
thous. of dol
Apparel and accessories
do
Automotive, incl accessories
do
Building materials
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
Beer, wine, liquors
do
Household equipment and supplies
Household furnishings .. _
Industrial materials
Soaps, cleansers, etc
___
Smoking materials
All other
__ _
__
Linage, total
do
do
do
do
do
do
thous. of lines _
Newspaper advertising:
Linage, total (52 cities)
Classified
Display total
Automotive
Financial
General
Retail
__
do
do
do
do
do
-do
do
61, 987
5,635
4,587
2,962
6,963
8,929
3,118
55, 520
4,232
3,635
1,937
6,674
7, 881
3,254
46, 113
3,333
2,985
865
5,698
6,247
4,443
31,904
1,673
2,476
1,208
4,543
4,692
1,590
44, 629
3,108
2,878
1,919
6,107
7,147
2,290
60, 247
5,420
5,095
3,054
7,065
7,854
2,851
59, 648
5,029
4,999
3,683
6,469
7,150
2,477
60,016
4,735
5,237
3,296
6,166
6,742
2,619
51, 515
3,119
4,925
2,842
7,051
7,660
2,331
35, 240
862
3,702
1,388
5,816
5,695
1,977
38, 442
3,588
3,671
1,549
5,456
5,472
1,672
4,713
4,302
3,704
1,612
1, 235
14,229
3. 839
3,506
3, 309
1,361
1,170
14, 722
3,136
2,099
2,891
854
1,532
12, 028
762
1,176
2,372
736
1,088
9,588
2,167
1,521
2,887
971
1,209
12, 424
3,970
2,709
3,769
1,356
1,357
15, 748
4,401
3,644
3,872
1,466
1,259
15, 199
5,004
3,867
4,016
1,376
1,395
15, 564
3,407
1,788
3,572
941
1,536
12, 311
1,646
579
2,643
745
1,198
8,989
1,375
979
2,861
774
1,398
9,648
3 688
2,747
3 774
1,266
1 437
14 182
4,849
4,129
3,346
3,466
3,985
4,855
4,468
4,093
3,213
3,133
3,960
4 798
4, 898
228, 673
51, 844
176. 829
9,811
2.732
37, 983
126, 303
230, 083
47, 780
182, 304
9, 519
2,417
34, 510
135, 858
214, 041
42, 998
171, 043
6,559
2,526
25, 044
136, 915
178,077
46, 345
131, 731
8,208
3,663
21,020
98, 840
184, 640
46, 621
138, 019
7,889
2,282
25, 749
102, 100
213, 228
52, 943
160, 285
8,553
2,756
30, 203
118, 773
218, 407
52, 790
165, 617
9,565
3,133
31, 742
121,177
225, 606
56, 670
168, 936
10. 457
2,684
33, 444
122, 352
209, 251
52, 744
156, 506
10, 288
2,762
31, 251
112, 204
175, 447
47, 979
127, 468
7,351
3,046
25, 674
91, 398
186, 555
52, 741
133, 814
7, 781
1,894
22, 051
102, 077
214 509
54, 124
160 385
7 367
2 596
29, 711
120, 709
245 004
56, 593
188 410
10, 383
2 518
39,411
136, 098
7,168
126, 545
6,878
121, 892
7,271
124, 214
7,268
130, 038
6,948
124, 086
8,025
147, 902
7,255
132, 616
6,719
123, 981
6,511
122, 134
6,242
119, 289
6,174
119, 935
6,711
127 034
6, 764
125 622
56, 978
6, 469
4. 366 i
3.127 l
6, 6fv!
6, 883
2 388
POSTAL BUSINESS
Money orders, issued (50 cities) :
Domestic:
Number
Value
thousands
thous. of dol
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual ratosri
Goods and services total
bil of dol
210. 5
213.2
214.9
215 0
25.2
9.6
11.3
4.3
26.4
11.3
10.8
4.3
24
8
11
4
Durable goods total
Automobiles and parts
Furniture and household equipment
Other durable goods
do
do
do
do
25.3
9 5
11.6
4.3
Nondurable goods total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods
do
do
do
do
do
do
do
116.2
20. 7
70.4
5.6
2.0
4.9
12.5
118.0
20.6
71.8
5.9
2.0
5.2
12.5
117.8
20.0
72.3
6.0
2.0
5.1
12.4
118 9
20 3
73 2
6. 1
21
5.1
12 1
Services
Household operation
Housing
Personal services
Recreation
Transportation
Other services
do
do
do
do
do
do
do
69.0
10.6
22.5
4,1
4.0
5.7
22.0
70.0
10.7
22.9
4.2
4.1
5.9
22.3
70.8
10.9
23.2
4.2
4.1
5.8
22.5
71 9
10 9
23.5
4.3
4.3
5.9
22.9
2
8
2
3
RETAIL TRADE
A 11 retail stores :f
Estimated sales (unadjusted), totaL-.mil. of dol_Durable-goods stores
do
Automotive group
do
Motor-vehicle, other automotive dealers
mil. of doL_
Tire, batterv, accessory dealers ._
do
Furniture and appliance group.
do
Furniture, homefurnishings stores
do
Household-appliance, radio stores _ do
Jewelry stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers _ _ do
Hardware stores
do
Nondurable-goods stores
do
Apparel group
_
do
Men's and boys' wear stores
do
Women's apparel, accessory stores. _ _ do
Family and other apparel stores
do
Shoe stores
_ __.
do
Drug and proprietary stores.
do
Eating and drinking places
do
13, 858
4.746
2, 363
13, 391
4, 235
2,037
15, 375
4, 543
1,961
11,844
3,793
1,974
11, 744
3,867
2,020
12, 736
4,139
2,180
13, 396
4,573
2,372
14, 350
5, 224
2,826
13, 814
5,122
2, 757
' 13, 396
4.627
2,374
2.190
172
793
466
327
923
678
245
1,880
157
789
454
334
125
799
5(52
236
1,778
183
921
515
405
319
784
493
291
1,840
134
635
362
273
87
633
467
166
1,899
121
618
352
266
80
673
503
170
2,048
132
629
373
256
82
742
552
190
2,219
154
647
392
255
90
869
640
229
2,647
179
738
456
282
117
941
697
244
2,582
175
740
442
298
108
939
706
233
2,200
174
713
419
294
95
923
709
214
9,111
930
217
380
190
143
388
1, 104
9,156
989
258
385
210
137
372
1, 031
10, 832
1,380
381
512
311
176
490
1,047
8, 050
692 i
169 i
286
140 !
97
366
958
7.877
610
140
262
117
91
383
946
8, 596
779
165
336
152
126
379
1,002
8,823
910
186
380
180
164
370
992
9, 126
871
192
352
172
154
386
1,059
8,692
832
198
308
178
148
380
1, 064
8,769
700
161
274
142
124
388
1,130
no
13, 448
4,410
2,103
1,929
174
754
468
286
104
905
689
216 i
i
9,038
770
163
316
156
136
392
1,149
«• r13, 620
4, 670
r
2, 353
r
14, 751
5 074
2 630
2,r 179
174
r
756
'445
r
311
r
100
'924
r
700
r
224
2, 451
179
8'?5
496
329
114
966
732
235
8, 950
'910
r
196
"365
'184
r
165
'374
' 1, 114
9 678
1 051
247
431
218
155
390
1,140
r
3,253
3,397
3,228
3, 083 !
3,248
3,419
3, 026
3, 418
3,453
3,220
3,164
'r 3, 242
3,420
Food group
_
do
2 792
2,764
2, 644
2,489
2,627
2, 73G
2, 467
2,601
2,820
2.577
2, 548
2,r 641
Grocery stores
do
2 800
905
762
716
915
847
781
834
816
726
784
787
866
946
Gasoline service stations
_ _ do
1,444
1.324
1,269
1,467
1, 531
1, 164
1,190
1,450
1,798
1,664
' 1, 523
2,515
1, 732
General-merchandise group
do _ _.
871
730
616
667
815
652
808
1, 358
783 1
'859
993
914
982
Department stores, excl. mail-order _ _ do
94
86
98
99
94
155
90
93
104
156
131
117
137
Mail-order (catalog sales) __
do
r
191
224
214
212
174
244
486
236
240
22n
257
245
252
Variety stores
do
r
304
314 i
286
325
274
309
263
328
517
392
374
324
361
Other general-merchandise stores
do
254
225
235 ;
210
240
241
'250
260
266
347
247
343
Liquor stores
do
280
r
Revised.
^Unpublished revisions for magazine advertising for January, February, March, and October 1950 and January, February, and September 1951 are available upon request. Revisions
of personal consumption expenditures (1949-51) are shown on p. 20 of the November 1952 SURVEY.
fRevised series. Beginning with the September 1952 SURVEY, retail sales data have been replaced by a new series based on new sampling procedures developed by the Bureau of the Census.
The new estimates begin with January 1951: see pp. 16 rT. of the September 1952 SURVEY for figures covering the entire year 1951 for both the new and old series and for discussion of the new
data.
SURVEY OF CURRENT BUSINESS
December 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-9
1952
1951
October
November
December
January
Febru-
March
April
May
June
July
August
September
October
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores— Continued
Estimated sales (adjusted), totalf
mil. of doL_
Durable-goods stores
do
Automotive group
do
Motor-vehicle, other automotive dealers.do
Tire, battery, accessory dealers
do
Furniture and appliance eroup
do __
Furniture, homcfurnishings stores
do
Household-appliance, radio stores
do
13, 230
4,437
2,309
2,158
151
702
417
285
13, 239
4,352
2,230
2,075
155
727
422
305
13, 067
4, 251
2,143
1,992
151
705
419
286
13, 154
4, 366
2,134
1,968
166
746
436
310
Jewelry stores
do
Lumber, building, hardware group
do_.._
Lumber, building-materials dealers- _ d o
Hardware stores
...do
116
794
570
224
121
773
548
225
117
780
554
226
119
813
591
222
Nondurable -goods stores
do
Apparel group
- do . .
Men's and bovs' wear stores
do
Women's apparel, accessory stores
do
Family and other apparel stores
do
Shoe stores
do
Drug arid proprietary stores
do
Eating and drinking places _
_._do.__.
8, 793
861
209
344
167
141
386
1,028
8,887
875
212
349
172
142
389
1,049
8, 81 6
869
200
350
179
140
392
1,033
Food group
__
. _ _ _ do
Grocery stores
do
Gasoline service stations
do _ _
General-merchandise group
do
Department stores, excl. mail-order., _do
Mail-order (catalog sales) _
do
Variety stores
do
Other general-merchandise stores
do
Liquor stores
.. _ _ _
do ._
3,132
2,526
772
1,516
826
108
246
336
338
3,226
2,611
787
1,565
861
114
244
346
223
__
21, 663
9,771
11,892
Adjusted, total
do
Durable-goods stores
_ _ _.
do - _
Automotive group
do. ...
Furniture and appliance group
do
Jewelry stores _ _ _ .. __. _ . . . do -.Lumber, building, hardware group. -do
Other durable-goods stores
do
13, 406
4,611
2,313
2,147
166
13, 020
4,314
2,099
1,938
161
13, 348
4,496
2,304
2,148
156
13, 838
4,931
2,672
2, 505
166
14, 000
4,887
2,571
2,407
163
13, 648
4,494
2,258
2,102
156
13, 343
4,200
1,922
1,758
164
r 13, 558
«• 4, 508
«• 2, 297
168
14, 110
4,802
2,597
2,437
160
741
714
685
726
768
744
745
430
310
423
291
412
274
433
294
450
318
435
308
448
297
'726
••415
r
310
449
295
'121
'831
»• 614
••217
838
621
210
r 2, 129
r
744
117
117
117
122
118
120
122
889
662
226
860
633
226
853
632
222
837
620
217
873
647
226
869
660
209
859
642
217
8.788
871
205
348
182
136
391
1,037
8, 795
8 851
8 907
9,113
9, 154
9 142
854
188
848
196
910
203
876
208
889
204
353
179
135
335
181
136
357
207
143
349
182
138
359
187
139
387
386
390
389
394
1 , 058
8,707
823
193
328
171
130
389
1,038
1,039
1, 064
1,060
1,069
1 067
3,210
2,597
791
1,538
837
109
237
355
225
3,202
2,589
794
1,503
828
108
237
331
242
3,200
2,586
801
1, 506
815
110
243
339
252
3,202
2,587
797
1,455
803
100
238
314
247
3,271
2,636
3,341
2,728
338
270
3,402
2, 756
832
1, 526
826
117
251
331
273
3,345
2 713
841
1 607
891
115
r
261
.340
263
r 3 498
325
263
3,256
2 641
805
1,537
853
109
252
323
269
322
207
324
275
22, 003
9.843
12, 160
19, 530
9,200
10, 330
1 9, 085
9, 436
10, 249
20, 335
9, 625
10, 710
21, 228
10, 030
11,198
21 103
10, 128
10 975
20 542
9, 689
10 853
19, 825
9,229
10 596
19 209
8 621
10 588
19 279
8 314
10 965
r 20 434
r
8 739
T i\ 095
21 416
9 115
12 301
20, 795
9, 806
3,091
1,866
495
2,550
1,804
20, 818
9,797
3,170
1,882
492
2,439
1,814
20, 754
9,726
3, 176
1,902
508
2,327
1,813
20, 681
9,775
3, 129
1, 846
507
2,471
1,822
20, 625
9, 789
3,141
1, 788
496
2, 539
1,825
20 321
9, 583
3, 106
1, 709
488
2,494
1,786
20 477
9, 624
3,200
1,713
488
2,429
1,794
20 069
9 112
2,888
1,667
479
2,380
1,698
20 125
9,030
2, 864
1,625
494
2, 304
1, 683
20 197
8 749
2' 591
1,707
488
r 20 281
1,631
19 745
8 626
2 504
1. 701
480
2,273
1, 608
20 511
9 164
3 101
1, 655
509
2, 191
1, 708
do
do
do_.
do
do ._do
10, 989
2, 672
771
1,960
3,310
2,276
11,021
2,635
771
2,043
3,252
2,320
11,028
2, 581
772
2,092
3,248
2,335
10, 906
2,517
10, 836
2,537
2 057
3, 296
2 215
10,957
2 583
111
2 023
3,295
2 279
11, 095
2, 636
2,011
3,382
2,230
10,738
2, 436
770
2,096
3,248
2,188
10, 853
2 503
773
2,036
3,256
2,234
2,110
3 271
2 318
11,378
2 714
7-0
2 OSO
3 358
2 4%
11,119
2 700
705
2 001
3 276
2 377
' 11, 325
r 2 748
r 752
r 2 099
do
do _ ..
do
do
do
do
do
do_ _ _
2 534
179
19
71
53
61
53
27
2 553
185
22
73
52
58
49
30
3 214
270
32
109
76
84
50
30
2 094
2 090
2 307
2 440
9 °'}<1
119
13
47
37
58
46
22
2 586
2 432
128
14
49
38
58
49
20
157
17
63
48
59
48
26
198
19
77
67
59
51
24
176
17
73
57
60
53
31
173
18
67
60
599
5
26
132
784
350
838
363
1,196
479
524
226
533
224
604
269
705
318
741
365
123
191
910
79
50
128
203
919
63
46
187
385
1,018
52
65
77
135
905
49
35
76
146
897
51
36
89
160
970
53
40
107
187
930
63
47
109
180
1 023
do _ _
do
_ do
do
do
do
do
do
2,420
168
17
67
53
61
52
24
2,432
178
19
70
54
60
50
27
2,423
177
18
73
52
60
48
22
2,411
2,417
2 352
171
17
164
18
156
16
68
52
64
52
61
50
26
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, accessorv stores
do _ _ _
707
306
725
313
713
294
111
191
916
60
48
115
192
931
60
47
129
188
936
63
47
Estimated inventories :d*
Unadjusted, total
Durable-goods stores
Nondurable-goods stores
Nondurable-good stores
Apparel group
Drug and proprietary stores
Food group
General-merchandise group
- Other nondurable-goods stores
Firms with 11 or more storesif
Estimated sales (unadjusted) total
Apparel group
Men's and bovs' wear stores
Women's apparel, accessory stores
Shoe stores
_ . _ . . __
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores
do
do
do
General-merchandise group
- _ _ __ do
Department stores
do
Dry-goods, other g e n e r a l - m e r c h a n d i s e
stores
mil. of do!
Variety stores
_ _
do
Grocery stores
do
Lumber, building-materials dealers
do _
Tire, battery, accessory stores do
Estimated sales (adjusted), total
Apparel group
Men's and boys51 wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores
r
836
198
340
165
133
394
810
1,474
800
105
244
820
1,584
877
116
254
O QQO
•"> OOZ
r 9 050
r
805
»• 210
••344
'169
* 142
^384
r I 048
r *> 708
r 840
T
1 509
833
107
r 240
r
T
r 8 956
T 2 875
>• 1, 093
r 486
»• 2, 233
r 1, 669
120
9 308
950
230
377
190
153
388
1. 059
3. 399
2 783
895
1 591
900
114
253
T 2 375
11,347
2 792
741
2 084
3' 399
2 331
2 504
r 9 4.7(\
o 7Qa
r 175
r 15
193
57
45
59
54
23
142
11
03
48
60
54
26
r 26
22
77
53
62
56
30
711
343
618
284
719
326
r 735
r 346
845
396
91
163
954
72
56
112
183
999
76
57
r 930
71
55
105
170
908
73
59
49
81
54
2 442
2 469
2 553
r 2 537
164
17
174
18
2 511
r 2 5Q2
170
17
61
51
67
52
70
57
60
48
28
62
51
26
61
53
30
62
52
28
71
54
73
57
'65
62
49
26
68
53
174
18
r 167
2 599
168
19
71
53
60
54
25
62
53
26
61
61
55
27
715
336
723
336
680
311
720
322
741
343
766
351
726
325
758
332
93
184
927
98
185
919
98
179
919
113
187
937
108
189
936
113
193
959
r 985
r 1 008
61
51
72
50
99
192
984
68
46
65
49
66
52
68
5fi
66
47
69
.59
M>2
1 010
62
4Q
59
766
782
760
JO
117
202
r 3 351
r Q8
r 60
58
r 54
r 100
180
r 7g
T
16
r 55
24
r 723
327
r JOO
197
119
202
1 016
180
19
766
350
107
202
Revised.
fRevised series; see note marked "f" on p. S-8.
cfData represent new estimates adjusted for comparability with the new series of retail sales, For the new estimates for December 1950 and the entire year 1951 and for revisions of the old
series (1949-51), see pp. 14 ff. of the November 1952 SUBVEY.
SURVEY OF CUREENT BUSINESS
&-10
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1052
1951
October ' Novem-
December
January | ^^y11'
March
April
j
May
|
June
July
August
DOMESTIC TRADE—Continued
i
RETAIL TRADE—Continued
Department stores:
Accounts receivable, end of month:!
Charge accounts
_ . 1 947-49 = 1 00_ _
Instalment accounts „ . _ _
. . _ .do . . _ _
Ratio of collections to accounts receivable:
Charge accounts - .
.
percent
Instalment accounts
do
Sales by type of payment:
Cash sales percent of total sales . ..
Chnrge account sales
..
_ _ do
Instalment sales
do
122
172
136
182
177
197
142
190
124
182
117
178
121
175
122
176
120
178
107
177
108
180
50
21
50
21
45
19
47
19
45
18
48
20
46
18
48
19
46
18
46
17
46
43
11
47
43
10
49
42
9
48
42
10
48
42
10
48
42
10
48
43
9
47
43
10
47
43
10
Sales, unadjusted, total U. S.f
1947-49 = 100__
Atlanta
do
Boston
do ..
Chicago
_
. _ _ _ _ _ _ _ _
.do...
Cleveland
do .
Dallas,.
_ .
__ do
Kansas City
do
Minneapolis _
__ _ _ _
. do_ . _
New York
do
Philadelphia
_ .
_ _ do
Richmond
do
St Louis
-do . .
Sail Francisco
do
'113
117
105
112
115
119
117
118
108
114
r
!20
111
r
!08
134
140
129
133
140
144
131
120
131
144
145
130
125
184
204
188
176
181
203
185
166
179
185
192
168
189
83
90
81
81
87
95
86
72
80
81
80
81
83
83
93
75
80
83
93
85
83
82
82
83
80
86
92
110
87
89
95
105
93
80
85
97
96
89
90
103
118
103
99
104
114
104
100
94
103
110
101
104
108
122
102
104
105
125
112
105
95
108
115
106
114
Sales adjusted total IT
Atlanta
_.
Boston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
Stocks, total U. S., end
Unadjusted
Adjusted
109
112
103
110
112
114
110
104
103
r
109
r
113
105
109
113
122
106
111
114
129
116
107
104
109
118
109
118
109
120
106
109
109
122
113
104
103
105
109
107
108
108
119
102
105
115
122
115
97
100
110
114
111
106
106
112
100
104
108
115
106
113
100
110
109
100
108
105
114
104
103
106
115
105
94
97
109
114
99
103
103
116
99
100
104
114
104
98
96
102
108
98
106
134
121
133
117
108
119
106
118
113
116
120
115
thous. of doL.
do
do . ....
374,319
117,371
256, 949
398, 865
121,494
277, 371
477, 842
146, 189
331,653
248, 926
63,912
185,014
246, 182
67, 879
178,303
1936-39 = 100..
do
do. . .. .
do
do_ _
do
_
- - do _ _
do
_ do._ _
do
362.0
325.6
418.0
340.7
403.8
302.7
271.3
327.1
290.0
359.3
439.3
445.9
500.6
411.6
456.1
339.0
319.2
365.9
313.2
363.7
499.6
453.7
534.4
468. 5
606.5
340.8
314.0
386.4
315.7
386.8
248.5
228. 4
273.8
236.3
276. 8
328.3
301.3
342.2
315.1
376.1
10, 283
3,144
7,139
10,495
5, 034
5, 461
9,869
2,850
7,019
10,420
4, 952
5,474
9,274
2, 542
6,732
10, 150
4, 904
5, 246
8, 786
2,412
6, 374
10,341
5,144
5, 197
Sf
do
_ _ „ _ _ _ _ _ _ - - do.
do
_ _ .. - - do...
do _ _
-._
_
. do_. _
do
__ __ _
do. _..
do
_
- . do
do
_
_ do . . . _
do
of monthrf
- do
_ _ __ _ do .
Mail-order and store sales:
Total sales, 2 companies.
Montgomery Ward & Co
Sears, Roebuck & Co
Rural sales of general merchandise:
Total U S , unadjusted
East
South
_ _
Middler West
Far W est
Total U S adjusted
East
South
Middle West
Far West
.-
118
!90
128
201
46
17
47
18
50
18
48
41
11
48
41
11
46
43
11
46
43
11
105
117
103
103
105
116
106
96
95
102
114
103
108
84
96
73
82
82
104
93
84
69
76
87
81
96
98
115
83
97
99
114
110
103
76
86
100
98
-•111
112
126
111
110
110
128
115
M08
100
110
121
110
r
115
p 119
P132
111
116
119
134
^120
124
110
120
"128
120
117
108
127
101
104
103
128
112
104
96
107
116
102
118
111
138
103
105
112
132
114
100
98
107
122
111
••114
105
120
106
97
105
123
114
104
95
106
106
99
110
114
131
109
111
113
127
119
115
102
115
127
110
116
106
121
101
103
105
119
108
98
95
105
112
104
M14
p 115
P126
109
113
116
128
P113
110
105
114
P121
114
118
122
116
120
118
112
118
110
120
114
118
124
120
^134
P120
279, 095
79, 273
199, 822
332, 482
93, 423
239, 059
368, 073
101,381
266, 692
354, 385
92, 345
262, 040
304,313
82, 995
221,318
351, 558
101, 150
250, 409
373, 724
102, 462
271, 262
418, 732
118,142
300, 590
263.3
242.7
296.1
240.0
284. 7
314.6
292.4
340. 3
300.0
381.1
276. 3
271. 1
306.1
257.9
301.4
304.6
r
285. 4
' 340. 1
276.7
'354.6
299.6
273.7
319.7
280.2
344.5
r
313. 1
r
288. 1
* 348. 3
'r 287. 1
368. 4
283.9
253.5
301.8
269.8
327.7
316.5
282.3
364.1
304.5
365.7
308.3
280.0
345.4
286.9
370.7
r
345. 5
'311.1
f 397. 5
313.2
'396. 5
249.5
215.6
270.5
234.6
313.6
r 336. 3
' 304. 5
387.0
314.1
384.3
315.6
280.7
330.8
295.3
396. 2
r
342. 3
320.1
368.4
318.9
r
404. 3
344.5
299 7
390.4
316 8
415.6
311 5
289 0
343 1
294.4
363 3
378.3
356.9
445.0
366.8
410.8
316.3
310. 3
348.2
312.2
365.5
8,154
2,493
5, 661
1 0, 1 90
5,114
5, 076
8,108
2, 579
5, 529
10,298
5,255
5,043
8,187
2, 771
5,416
10,110
5,287
4,823
8,116
2,706
5,410
9,855
5,161
4,694
8, 240
2, 728
5, 512
9,761
5,005
4,756
8,596
2,718
5,878
9,665
4,809
4,856
8,699
2, 646
6,053
9,735
4,814
4, 921
9, 523
2,983
6, 540
9, 925
4,824
5, 101
10, 407
3,254
7,153
10,139
4, 790
5,349
r
WHOLESALE TRADE!
Sales, estimated (unadjj, totaL
Durable-goods establishments
_
Nondurable-goods establishments
Inventories estimated (unad] ) total
Durable-goods establishments
Nondurable-goods establishments
mil. of dol_.
do _
do
do
do
_ .do
r
1
r
T
r
T
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands_.
155, 093
155,335
155, 548
155, 750
155, 964
156, 163
156, 371
156, 568
156, 770
156, 981
157, 234
157, 505
157, 768
109, 064
51. 826
57, 238
109, 122
51, 824
57, 298
109, 200
51, 844
57. 356
109, 260
51,852
57, 408
109, 274
51,810
57, 464
109, 274
51,758
57, 516
109, 328
51,762
57, 566
109, 426
51, 804
57, 622
109, 556
51, 872
57, 684
109, 692
51, 948
57, 744
109,804
52, 000
57, 804
109, 906
52. 040
57, 8G6
110,004
52, 144
57, 930
63, 452
43, 522
19, 930
63, 164
43, 346
19, 818
62. 6HS
43, 114
19, 574
61, 780
42, 864
18, 916
61, 838
42, 858
18, 980
61, 518
42, 810
18, 708
61,744
42, 946
18, 798
62, 778
43, 262
19, 516
64. 390
44, 464
19, 926
64, 176
44, 720
19, 456
63, 958
44, 396
19, 562
63, 698
43, 468
20, 230
63, 146
43,196
19, 950
do __
do
- do __
61,836
42, 032
19, 204
61, 336
42, 344
18, 992
61,014
42, K)f)
18, 908
59, 726
41,480
18,246
59, 752
41,482
18, 270
59, 714
41, 586
18, 128
60, 132
41, S98
18, 234
61, 176
42, 290
18, 886
62, 572
43, 326
19, 246
62, 234
43, 476
18, 758
62, 354
43, 392
18, 962
62,260
42. 604
19,656
61,862
42, 482
19,380
do
do
do
7, 668
54, 168
1, 616
7,022
54,314
1,828
6,378
54, 636
1, 674
G, 186
f>3, 540
2, 054
(>, 064
53, 688
2, 086
6,012
53, 702
1,804
6,412
53, 720
1, 612
6,960
54, 216
1,602
8, 170
54, 402
1,818
7,598
54, 636
1,942
6, 964
55, 390
1, 604
do
45, 612
45, 958
46, 512
47, 480
47, 436
47, 756
47, 584
46, 648
45, 166
45,516 ! 45,846
46,208 !
46,928
EMPLOYMENT
Employment status of civilian noninstitutional
population:
Estimated number 14 years of age and over,
total
__ thousands
Male
_
do
Female
do
Civilian labor force, total
Male
Female
_
_ _ _ _ _ do. __
do
__do_
Employed
Male/
Female
Agricultural employment
Non agricultural employment
Unemployed
Not in labor force
r
-
1
7.548 1
7,274
54,712
54,588
1,438 i 1,284
p
Revised.
Preliminary.
t Revised series. Data have been revised to reflect use of new base period and to incorporate other major changes. Revisions back to 1919 for sales by districts will be shown later. Published revisions appear as follows: Accounts receivable (1941-51), p. 32 of the July 1952 SURVEY; total U. S. sales (1919-50), p. 32 of the February 1952 SURVEY; total U. S. stocks, p. 32 of the July
1952 SURVEY.
I Data on total wholesale trade have been substituted for the series on service and limited-function wholesalers. For annual sales, 1939-48, and end-of-year inventories, 1938-48, see p. 24 of
the October 1951 SURVEY; re visions beginning 1949 appear on pp. 16 IT. of the October 1952 SURVEY.
Dec-ember
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
Novem-
S-ll
1951
October
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
August
July
October
ber
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Employees in noiiagricultural establishments:
Total, unadjusted (U. S. Dept. of Labor)
thousands __
Manufacturing
do
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total _ _
do
Metal
_ _
do
Anthracite
do
Bituminous coal.
do
Crude-petroleum and natural-gas production
thousands
Nonmetallic mining and quarry ing
do
Contract construction. _ . _.
do
Transportation and public utilities
do
Interstate railroads
do
Local railways and bus lines
do _ _ _
Telephone
do
Telegraph
__ __ do. _
Gas and electric utilities
do
Trade
do
Wholesale trade_ - _ _ do_
Retail trade
do
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers,. _do
Finance
do
Service
do
Hotels and lodging places
do
Laundries
do
Cleaning and dyeing plants
do
Government
.
do
Total adjusted (Federal Reserve)
Manufacturing
_
Mining
_ _ __ __
Contract construction
Transportation and public utilities.. _
Trade
Finance
Service
Government __
do
do
do
do
do
do
do__ _
do
do
Production workers in manufacturing industries:
Total (U. S. Dept. of Labor)
thousands. .
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
.- _ thousands
Sawmills and planing mills
_
do
Furniture and
fixtures
do. ._
Stone clay, and glass products
do
Glass and glass products - ...
- do__
Primary metal industries
do
Blast furnaces, steel works, and rolling
millst- _ _ _ _ _
thousands .
Primary smelting and refining of nonferrous metals ___ _
thousands. _
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands _ _
Heating apparatus (except electrical) and
plumbers' supplies
thousands
Machinery (except electrical) - do
Flectrical machinery
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
_ _ _
__do _
Ship arid boat building and repairs___do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
_ . _.do.
46, 902
15, 965
8,942
7,023
917
104
67
367
46, 852
15, 890
8,976
6,914
917
105
67
368
47, 663
15, 913
9,000
6,913
916
106
67
369
45, 913
15,776
8,946
6,830
909
107
67
367
45,899
15 859
9,010
6 849
902
107
62
366
46, 001
15 869
9,035
6 834
904
107
67
363
46, 299
15 795
9, 054
6 741
896
107
60
357
46, 329
15 654
8, 991
6 663
893
107
66
348
46, 292
15 410
814
77
65
294
-269
-349
-346
269
109
2,761
4,166
1,440
141
649
48
529
269
107
2,633
4,165
1,428
141
653
47
528
269
105
2,518
4,161
1,426
141
654
47
527
267
101
2,316
4,103
1,394
141
653
47
526
267
101
2,308
4,111
1,392
141
660
47
526
266
101
2,296
4,118
1,395
139
664
47
526
267
105
2,416
4, 096
1,404
139
648
266
106
2, 522
4,131
1 416
137
669
272
275
-273
-108
- 2, 783
r
4, 201
1 392
-138
265
528
529
- 46, 006
- 15 162
- 8, 301
6 861
784
74
61
106
2, 663
4,168
1 396
r
10, 109
2,657
7,452
1,701
1,295
759
1,907
4,734
430
357
157
6,497
10, 660
2,657
8,003
2,092
1,316
768
1,912
4,702
426
356
154
6,881
9,720
2,622
7,098
1,472
1,282
749
1,909
4,671
424
356
154
6,509
9,643
2,624
7,019
1 416
1, 286
743
1,919
4,667
428
354
153
6,490
9,668
2,623
7,045
1 437
1,287
738
1,937
4,681
430
353
154
6,528
9,845
2, 605
7,240
1 527
1,295
737
1, 952
4,748
438
358
161
6,551
9 773
2,601
7 172
1 466
1 293
742
1 958
4,796
450
363
164
6,602
9,838
2,618
7,220
1 460
1,292
754
1,977
4,837
46, 415
15, 748
914
2,630
4,173
9,770
1,917
4,746
6, 517
46, 482
15, 761
916
2,581
4,169
9,827
1,926
4,758
6,544
46, 608
15,811
916
2,569
4,161
9,893
1,931
4,749
6,578
46, 471
15, 830
916
2,545
4,139
9,852
1,919
4,742
6,528
46, 594
15, 877
912
2,593
4,147
9,860
1,929
4,738
6,538
46 552
15, 894
911
2,523
4,154
9,862
1,937
4,728
6,543
46 556
15, 931
899
2,517
4,116
9,849
1,942
4,748
6,554
46 559
15 870
894
2 497
4,134
9 912
1,948
4 772
6,572
46 348
15 547
12, 997
7,296
47
12, 904
7,314
50
12,911
7,322
52
12, 766
7,264
54
12, 820
7,306
55
12, 815
7,316
56
12, 733
7,329
58
12, 588
7,262
59
740
439
289
479
128
1,160
719
428
294
472
125
1,149
696
412
296
465
123
1,164
654
391
296
452
119
1,162
668
396
296
447
120
1,160
670
398
296
449
121
1,154
678
405
292
452
123
1,143
635
387
287
449
123
1 141
424
288
453
125
716
570
558
573
570
570
567
558
557
47
47
47
47
48
47
48
809
805
806
804
807
807
120
1, 242
707
1,205
667
362
104
62
228
390
120
1,255
718
1,234
655
395
111
63
230
388
119
1, 269
726
1, 235
645
407
111
63
232
381
115
1,276
725
1, 235
633
415
115
62
232
374
116
1, 281
727
1, 251
630
424
122
61
233
381
116
1, 2«0
722
1, 266
643
428
126
61
234
382
- 47, 106
r
16 015
r
8, 904
r
7 111
887
-94
64
106
2, 722
- 4, 140
r
1,352
137
674
45
538
9,893
2,622
7,271
1, 550
1,281
748
1,898
4,770
437
360
159
6,532
5,701
5,590
Nondurable-goods industries.
do
1,254
1, 160
Food and kindred products
do
246
236
Meat products
do
103
99
Dairy products
do
238
145
Canning and preserving
. ._
do _ _ _
195
192
Bakery products
do ._
150
147
Beverages
do
89
85
Tobacco manufactures
do_ _
1, 133
1, 132
Textile-mill products
.. . _ _ _ do
544
Broad-woven fabric mills ._ .
do _
546
209
Knitting mills _
_
_ _do
209
Apparel and other finished textile prod1,019
1,008
ucts
_. _
_ . thousands - _
131
Men's and boys' suits and coats
do
117
Men's and boys' furnishings and work
233
238
clothing
thousands
279
270
Women's outerwear
do
411
413
Paper and allied products
do
212
212
Pulp, paper, and paperboard mills. _ _ d o
Printing, publishing, and allied industries
519
thousands. _
517
154
153
Newspapers
do
170 |
169
Commercial printing
.do
r
Revised.
P Preliminary.
JFigures for 1939-46 on the revised basis for the indicated series, available
8*, 621
6 789
T
138
682
46
689
46
545
- 547
r
r
9, 792
- 2, 626
- 7, 166
r
1 419
r
1, 293
••757
- 1, 993
r 4, 855
' 509
475
369
165
9 795
- 2, 640
r
7 155
r
1 412
r
1 289
-752
- 1 993
r
4, 843
- 507
371
161
367
156
6, 558
- 47, 603
- 16 3fil
- 9, 1 f>7
- 7 204
-874
-92
63
9 970
2,644
7 326
1 509
1 295
-747
1 972
- 4, 824
P 10 084
•P 2 660
p 7 424
p l' 573
p l' 306
p 754
P 1 971
p 4 766
136
683
46
541
465
363
160
6,589
6,712
p 6 714
r
2, 544
- 4, 009
T
9, 965
' 1, 964
P
4 783
6,676
46 951
- 15 911
-878
r
2 577
r
4, 153
- 9 978
r
1, 973
r
4 795
6,686
r 47 206
- 16 128
-869
- 2 582
- 4, 195
- 9 981
1 982
- 4 776
6,693
P 47 220
p 16 ? 190
p 855
p 2 558
p 4 227
P 9 958
P 1 991
p 4 742
p Q 699
12, 329
6,888
60
- 12, 061
r 6, 559
60
- 12, 874
- 7, 134
59
- 13, 218
- 7, 339
-61
P 13, 254
P 7, 487
P62
697
- 709
T
427
-285
- 721
- 438
6,585
810
2 536
4,139
9 964
1, 957
4 789
6,606
r
T
46 170
15, 362
777
r
r
441
123
293
- 459
r
128
- 716
P 703
-301
- 463
P 305
P 452
p 1 147
433
133
r I 147
155
'134
546
566
48
47
47
48
47
806
798
769
'•726
-767
'803
115
1,282
714
1,288
663
430
128
57
236
380
113
1 269
708
1, 307
667
437
133
60
233
376
115
1 261
r
112
1 203
121
1 323
r I
125
- 1 197
-' 743
- 1 30Q
664
445
134
55
-237
5,514
1, 060
244
95
105
187
134
80
1, 123
527
210
5, 499
1 057
239
96
104
189
138
78
1, 113
518
210
5,404
1 057
233
100
114
186
136
77
1,093
507
210
5, 326
1?074
230
107
122
183
146
77
1,083
503
209
1, 035
123
1,029
127
1,052
128
1, 051
127
996
121
235
296
410
212
228
300
405
211
233
309
404
210
238
306
401
208
520
155
171
510
151
170
507
152
166
508
152
167
p332
p 107
P 2, 686
P 4, 220
r 1 109
5,502
1,068
246
94
106
187
136
82
1, 131
540
209
705
406
258
148
858
p 91
-108
- 2, 763
-4,217
1,407
676
5, 589
1, 122
252
96
120
190
146
85
1,141
548
211
p 47,
P 15
p 9,
p7
p
706
672
447
135
59
r
521
- 454
-135
T 50
-230
r
375
233
382
5,441
1 138
' 932
r 585
169
T
5, 502
r I
113
155
190
153
78
215
234
T 114
211
r
195
163
78
r 1 194
r 708
- 1 197
- 533
- 465
133
r 55
-233
r 394
- 5, 740
r 1 279
232
r HI
- 280
r 194
160
- 87
1 123
' 520
221
r 412
* 5, 829
r 1 311
'237
104
310
194
15]
90
- 1 142
523
225
P819
p 1 211
p 768
P i 344
P 243
P 423
p 5, 767
P 1 216
P 91
P 1 154
1 082
1 081
959
113
972
119
- 982
-117
239
275
398
206
238
252
398
206
240
939
247
251
252
403
-269
395
-294
- 409
-210
292
- 410
p 417
507
152
166
507
154
167
511
154
508
154
-514
155
P522
165
166
506
212
209
167
since publication of the 1951 STATISTICAL SUPPLEMENT will be shown later.
509
209
203
507
T 154
-165
r 1 049
r I 063
-128
'l29
P i 060
207
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December
1951
October
November
December
January
February
March
pril
May
June
July
August
September
October
'526
168
201
160
'217
94
'355
229
P534
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfs. industries — Continued
Total (U. S. Dept. of Labor) —Continued
Nondurable-goods industries — Continued
Chemicals and allied products
thousands..
Industrial organic chemicals
do
Products of petroleum
and
coal
do
Petroleum refinin0"
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products _.
do .._
Footwear (except rubber)
do
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) t '
1947-40 = 100..
Manufacturing production-worker employment
index, adjusted (Federal Reserve) f. 1947-49 =100. -
544
172
197
154
215
90
320
201
542
173
197
154
219
95
317
198
538
171
196
155
219
95
323
205
536
170
193
153
218
94 i
330 !
213
105. 1
104.3
104.4
103.2
103.4
103.3
103. 5
103.6
273, 542
99, 528
120, 521
246. 185
75, 055
118,551
2,342
249
2,344
248
1, 293
1.285
123.3
122.2
122.2
124.2
129.8
129.8
132. 9
40.5
41.7
44.0
40.5
41.5
43.9
41.3
40.8
41.4
41.7
39.8
41.2
538
168
193
153
215
94
342
221
512
163
190
155
215
95
340
221
511
166
191
158
202
93
••340
219
' 101. 8
99.7
97.5
' 104. 1
' 106. 9
P 107. 2
103.4
100.8
99.2
' 103. 3
' 105. 1
P 105. 5
270, 654
99. 013
118,411
296, 941
120, 225
122, 354
328, 561
141, 561
128, 338
2,389
248
2,392
248
2.419
251
538
168
194
152
215
94
344
222
530
163
197
155
213
95
336
217
517
161
168
126
213
95
330
213
103. 6
103.6
102.9
103. 8
103.7
104. 0
2,30, 985
59, 281
118,621
227, 488
59, 491
115,126
239, 087
68, 500
116,987
2.359
249
2, 370
248
2,381
249
1,257
1,252
1,255
1,265
1,277
1,257
119.9
124.6
119.4
122.3
119.7
122.7
120.5
122.5
121.8
122.3
120.1
118.4
130.4
131.0
131.9
128.1
' 128. 1
126.4
41.2
42.2
45.1
40.8
41.8
44.4
40.7
41.7
44.7
40.7
41.7
44.3
39.8
40.8
43.4
40.2
41.1
43.7
40.6
40.4
41.1
40.9
39.2
41.2
40.8
40. 4
42.0
41.2
40.0
42.2
40.1
39.5
41.5
40.6
38. 8
41.5
40.6
40.1
41.5
41.0
39.6
41.2
40.4
39.9
41.3
41.1
39.9
41.4
40.7
40.3
40.6
40.5
38.9
39.0
40.4
41.0
41.9
40.8
40.6
41.4
41.6
41.1
41.4
41.5
41.6
41.7
41.4
42.3
41.8
41.8
41.1
43.4
41.5
40.9
39.7
43.3
40.2
40.9
42.3
40.6
40.4
43.2
41.8
40.7
39.1
43.9
39.1
40.6
42.5
40.6
41.3
44.1
42.0
41.7
40.4
44.1
40. 5
40.8
42.6
41.4
40.5
43.9
41.9
41.5
40.5
43.2
40.7
41.0
42.1
41.0
38.9
42.0
41.5
44.3
42.5
41.7
40.8
39.7
37.2
37.0
36.3
39.2
42.0
44.1
43.8
37.0
41.5
40.6
39.3
37.8
37.6
37.3
39.9
42.3
44.2
44.1
38.3
41.5
40.8
39.5
39.3
39.3
37.8
34.6
32.5
35.5
32.2
35.0
32.8
42.5
44.0
38.6
36.7
39.5
41.8
40.3
40.9
40.4
40.3
39.9
35.4
33.9
Miscellaneous employment data:
Federal arid State highways. total§
number.. 303, 304
128, 757
Construction (Federal and State)
do
121, 524
Maintenance (State)
do
Federal civilian employees:
2, 335
United States
thousands
249
Washington, D. C.. metropolitan area do
Railway employees (class I steam railways):
1,305
Total*
thousands. _
Indexes:
124. 6
Unadjusted . _
.1935-39 = 100.120.5
Adjusted
do
513
168
202
161
212
'93
358
233
P200
P221
P352
341, 207 ' 344, 947 v 323,807
149, 194 '151,418 p 138,755
131, 788
132, 378 P 126,444
2,383
245
2,407
248
2,388
245
1,214
1,256
' 1, 272
1,283
116.0
113.5
' 119. 7
'117.2
' 121. 2
' 118. 3
p 122. 3
p 118. 3
121.1
' 133. 3
«• 141. 5
p 143. 1
40.5
41.2
43.5
39.9
MO. 2
'42.3
40.6
Ml.l
Ml. 1
Ml. 3
M2.0
M2.9
Ml. 5
P42.4
P42.6
41.1
40.9
40.9
41.0
39.8
39.2
42.2
42.1
41.0
40.9
39.7
40.1
MO. 9
MO. 5
' 40. 3
MO. 2
Ml. 9
41.8
' 42. 1
Ml. 2
39.7
Ml. 8
p42. 5
p 41. 8
'39.5
M2.0
Ml. 8
41.4
Ml. 2
MO. 1
Ml.O
37.4
37.4
36.8
'37.7
Ml. 7
42.4
41.8
41.5
41.9
41.8
41.9
41.4
41.5
41.7
40.7
41.3
40.9
'39.8
MO. 6
Ml. 8
40.4
43.6
41.6
41.4
40.4
43.2
40.0
41.4
41.7
40.8
40.5
43.5
41.5
41.3
40.4
42.9
40.9
41.3
41.7
40.9
39.0
42.8
40.7
40.7
39.9
42.0
40.5
40.3
41.4
40.1
40.2
42.9
40.6
41.1
40.1
42.8
41.1
40.4
41.8
40.5
40.2
42.7
40.9
40.7
39.4
42.7
40.9
40.6
41.6
40.3
'39.6
Ml. 6
'39.9
'39.3
'35.9
M2. 7
MO. 5
MO. 1
MO. 7
39.8
40.4
Ml. 9
40.9
MO.l
'38.0
42.4
40.5
' 39. 8
Ml. 3
MO. 6
41.4
M2. 6
Ml. 9
M2.4
42. 1
43.9
40.5
39.2
M2. 2
Ml. 7
39.5
41.6
42.5
44.0
38.0
41.2
40.5
38.4
38.9
39.0
37.0
39.5
41.4
41.4
43.9
38.4
41.5
40.7
36.9
38.8
38.4
37.8
39.3
41.0
40.6
43.8
38.1
41.0
40.4
36.6
38.1
37.2
37.8
38.4
40.7
40.3
43.8
37.5
41.1
40.6
34.6
37.2
37.1
36.2
39.0
41.4
40.7
44.3
37.9
41.8
41.8
37.9
37.7
37.1
36.9
39.5
42.1
41.1
45.6
38.7
42.3
42.3
38.6
38.4
37.7
37.6
'39.5
M2. 1
MO. 9
M5. 1
Ml.O
41.9
43.0
'37.9
'38.5
'38.1
'38.0
39.9
Ml. 3
40.1
44.2
'39.7
41.9
41.5
39.4
'39.5
39.2
38.9
40.3
M2.0
41.3
44.5
41.6
41.8
41.0
'39.9
40.1
40.0
39.3
P40.3
P41.7
36.2
33.7
36.0
33.4
36.7
34.7
36.8
35.3
35.0
32.9
36.4
33.2
36.2
34.2
36.0
'33.7
37.3
36.2
37.5
36.7
P 37. 5
35.6
34.6
42.4
43.8
35.8
35.8
42.8
44.2
35.7
35.9
42.5
43.6
36.5
36.4
42.4
43.6
36.7
36.2
42. 6
43.8
35.8
34.2
41.4
42.2
37.2
36.0
41.8
42.6
37.3
34.8
42.4
43.1
'36.8
'35.0
42.4
M3.4
37.9
36.2
'43. 1
43.7
38.3
35.8
' 43. 5
44.0
P44.1
38.7
36.7
39.9
41.8
40.4
40.7
40.6
40.5
40.5
35.6
33.9
39.4
37.5
40.7
41.8
40.7
41.2
41.3
41.2
41.0
37.8
36.9
38.6
35.8
40.3
41.6
40.4
40.9
41.0
40.9
40.9
38.4
38.2
38.4
36.1
39.7
41.4
40.3
40.8
40.7
40.5
40.6
38.7
38.6
38.7
36.1
40.3
41.3
40.3
40.7
40.5
40.3
39.8
38.7
38.7
38.2
36.1
39.5
41.0
40.2
40.5
40.3
39.6
39.3
37.1
36.7
38.6
36.5
40.0
40.9
40.3
37.2
35.7
40.5
40.4
37.3
36.8
38.8
36.4
40.2
41.1
40.3
40.8
40.4
40.9
41.1
38. 2
37.8
'38.5
36.1
40.3
MO. 7
MO. 5
Ml. 3
MO. 8
'39.6
'39.8
38.5
38.3
' 38. 8
36.1
40.3
40.9
40.5
MO. 6
40.0
MO. 5
MO. 5
39.6
39.7
'39.2
p 38. 8
36.5
40.4
Ml. 5
Ml. 5
40.7
41.2
P40.8
40.5
' 40. 7 P39.4
39.9
'38.6 ~~"p~38.~9~
38.1
2, 420
251
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (IT. S. Dept. of Labor) t- 1947-49 = 100 ..
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :
All manufacturing industries
hours. _
Durable-goods industries
do
Ordnance and accessories ..
._. . _ _ d o - .
Lumber and wood products (except furniture)
. - .. hours __
Sawmills and planing mills
do
Furniture arid
fixtures
do
Stone, clay, and glass products
do ...
Olass and "lass products
do
Primary metal industries
do
Blast" furnaces, steel works, and rolling
millsf
hours
Primary smelting and refining of noiiferrous
metals
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment) hours..
Heating apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)
do
Flectrical machinery
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs _ _ d o
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
do
Nondurable-goods industries
Food and kindred products
M^eat products
Dairy products
Bakerv products
Tobacco manufactures
Textile-mill products
P road- woven fabric mills
Knitting mills
do
. do
do
do
do
do
do _ .
do
do
Apparel and other finished textile products
hours.
Men's and boys' suits and coats
do_,_
Men's and boys' furnishings and work
clothing
hours
Paper and allied products
do
Pulp, paper, and paperboard mills. _ -do. ._
Printing, publishing, and allied industries
hours .
Newspapers
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
f
Revised.
» Preliminary.
tRevised series. Indexes have been shifted to n 3W base pe riod; mont hly data fo r 1919-50 a -e shown o a pp. 19 and 20 of the October
§Total includes State engineering, supervisory, and admklistrative e mployees rlot shown £ eparately.
1£ 52 SURVEl\
r 38. 5
p42. 2
P43.0
P42.0
P42.7
P41.9
P42.5
P42.8
M2.1
P40.2
p40. 5
I Seenote mark 3d "J" on {). S-I1.
December 1952
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
November
S-13
1952
1951
October
December
January
February
March
April
May
June
July
August
September
October
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc. — Continued
Nonmanufacturing industries:
Mining:
Metal
_
_._
hours
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours. .
Nonmetallic mining and quarrying _ do _ .
Contract construction
.
do
Nonbuilding construction
do_ _
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraphf
do
Gas and electric utilities
do
Trade:
Wholesale trade
_
do _
Retail trade (except eating and drinking
places) *
hours
General-merchandise stores
do
Food and liquor stores
_
do
Automotive and accessories dealers. __do _ _ .
Service:
Hotels, year-round
do
Laundries
_
do
Cleaning and dyeing plants
do
Industrial disputes (strikes and lock-outs) :
Beginning in month:
Work stoppages
^
number,.
Workers involved
thousands
In effect during month:
Work stoppages
number
Workers involved"
thousands _
Man-days idle during month
do
Percent of available working time
U. S. Employment Service placement activities:
Nonagricultural placements
thousands
Unemployment compensation (State laws):
Initial claims
do
Continued claims
-do. .
Benefit payments:
Beneficiaries, weekly average
__ -do _ _
Amount of payments
_ thous. of dol
Veterans' unemployment allowances:
Initial claims
.-. _ thousands _
Continued claims
do
Amount of payments
thous. of dol.
Labor turn-over in manufacturing establishments:
Accession rate-_.monthly rate per 100 employees. _
Separation rate, total
_do
Discharges
do
Lav-offs
do
Quits
do
Military and miscellaneous
do _
44.4
35.1
36.3
43.4
36 8
36.2
44.4
31 1
38.4
44.3
32.6
38.5
44.1
30 9
35.9
44.5
30.1
35.4
43.1
28.1
29.9
44.4
33.3
31.8
42.6
30.1
28.5
r
43. 1
r
40.5
47.0
39.3
42.6
38.5
40.4
44.5
36.8
38.7
36.4
41.8
44.0
37.9
38.9
37.7
41.7
43.7
37.9
39.6
37.5
40.8
44.3
38.3
40.2
37.9
41.6
43.8
37.1
38.5
36.9
41.1
44.8
38.0
39.8
37.6
40.6
45.7
38.6
41.2
37.9
41.3
45.8
39.4
42.2
38.7
Ml.O
M4.
9
r
39. 1
Ml.
8
r
38. 4
46.2
39.1
44 3
42.1
46.3
39.2
44 2
42.0
47.6
38.8
44 3
42.1
46.4
38.7
*43 9
41.9
46.5
38.5
43 9
41.4
46.6
38.5
44.0
41.4
46.1
34.9
46.9
38.7
41.4
41.2
47.1
39.0
44. 5
41.2
'46.
9
r
39 3
44
8
r
41. 5
40.8
40.8
41.1
40.7
40.4
40.4
40.1
40.4
40.5
40.6
39.8
35.6
39.6
45.4
39.4
35.1
39.7
45.3
40.1
37.0
40.0
45.4
39.8
35.8
39.4
44.9
39.8
35.9
39.4
45.0
39.8
35.8
39.5
45.1
39.7
36.0
39.6
45.4
39.6
35.7
39.2
45.3
40.1
36.3
40.2
45.3
40.4
r
36.6
MO. 6
'45.4
r
r
42.9
41.1
41.5
43.1
41.0
40.7
43.2
41.4
41.1
42.8
41.5
40.7
42.8
40.9
39.8
42.5
40.9
40.1
42.8
41.1
41.3
42.6
41.4
42.0
42.6
41.8
42.6
r
487
248
305
84
186
82
400
190
350
185
400
240
475
1,000
475
300
425
170
728
365
2,790
.30
521
191
1,610
.19
357
130
1,020
.13
600
250
1.250
.14
550
250
1,270
.15
600
320
1,400
.17
650
1.200
5,300
.61
675
1,200
7,500
.90
650
1,000
14, 000
1.68
610
498
426
473
427
465
566
572
915
4.445
918
86, 958
r
26 7
••28.1
45 0
29 4
36. 7
45.9
34 8
40.0
40.6
45. 6
39 3
42.1
38 6
41.3
45.7
39 8
43.4
38.9
M7 1
38 7
44 5
r
46.3
38 7
42 6
41 6
r
r
41 6
40.6
40.7
40, 4
36. 7
MO. 6
45.5
39.5
35.3
39.7
45.2
T
42.4
40.9
40.4
42. 1
41.2
41.1
425
125
450
225
475
230
425
470
650
850
12, 500
1.44
675
310
2,100
.25
700
360
3,200
.37
650
600
3,500
.37
581
556
588
658
641
978
4, 255
1, 585
4,961
733
4,301
568
2,985
679
2. 74fi
918
83, 511
880
88, 612
980
95, 389
-631
62, 094
54, 228
r
42. 4
41.2
40. 3
902
3,692
948
3, 817
1, 152
4,114
1. 382
6, 157
890
5,169
867
4,834
1,109
4,825
713
67, 449
749
68, 607
797
70, 624
1, 185
116,469
1,146
105, 023
1, 113
101, 564
993
94, 385
1
3
53
1
3
50
1
3
57
1
4
83
(2)
(2)
4.4
4.7
.4
1.4
2.5
.4
3.9
4.3
.3
1.7
1.9
.4
3.0
3.5
.3
1.5
1.4
.3
4.4
4.0
.3
1.4
1.9
.4
3.9
3.9
.3
1.3
1.9
.4
3.9
3.7
3
1.1
2.0
.3
3.7
4.1
.3
1.3
2.2
.3
39
3^9
.3
1.1
2.2
.3
4.9
3.9
.3
1.1
2.2
.3
65.41
71.10
75.50
65.85
71.05
75.68
67.40
72.71
77.62
66.91
72.15
77.26
66. 91
72.18
78.76
67. 40
72.81
78.85
65.87
71.07
77.04
66.65
71.76
78.22
67. 15
71.98
77.73
65.76
r
69. 67
' 75. 55
67.80
r
72. 71
* 73. 49
' 70. 09
'r 76. 06
79. 37
p 70. 80
p 77. 30
p 78. 43
62.32
61.49
58.79
65. 93
65 67
74.82
60.86
60.56
58. 81
65. 03
65.50
75.23
60.18
59.47
60.48
65.30
66.28
77.73
57.02
56.56
59.84
64. 35
64. 14
76.86
59.11
58.47
60.26
65.23
65.54
75.85
59.59
58.85
60.67
65.76
66.59
76.55
61.13
60. 37
59.48
64.88
65.16
71.53
59.96
60.45
59.80
65.85
66.78
72.17
64.73
65.17
60. C2
66.09
67.37
73.38
<• 63. 11
r
62. 94
r 58. 56
r 64. 92
r
65. 49
r
71. 89
'r 66. 57
66. 88
r
60. 44
' 67. 16
r
68.
57
r
79. 21
«• 66. 91
P 67. 48
' 62. 43
f
68. 14
P 62. 94
r> 70. 31
T
p 86. 60
76 53
78 33
70 16
70 46
70 77
'72 04
3
65
3
54
(2)
2
44
(2)
1
31
(2)
(2)
1
28
(2)
1
25
4.4
5.0
.3
2.2
2.2
.3
r
(22)
()
1
13
9
'5.6
4.9
.4
.7
3.5
.3
5.9
4.6
.3
1.0
3.0
.3
530
(22)
()
6
P5.3
^4. 2
P. 4
P .7
"2. 8
P. 3
WAGES
Average weekly earnings (U. S. Department of
Labor) :
All manufacturing industries, . .
dollars. .
Durable-goods industries
_do_ __
Ordnance and accessories _ ._
do
Lumber and wood products (except furniture)
dollars _ _
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
do _ .
Blast furnaces, steel works, and rolling in illst
Primary smelting and refining of n on ferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars _ _
Heating apparatus (except electrical) and
plumbers' supplies
-dollarsMachinery (except electrical)
do
Electrical machinery
do
75 79
77 49
79 44
77 93
70.47
69.95
71.58
73.54
73.17
74.03
73.33
74.41
74.36
70.39
69.92
71.78
71.06
71.27
71.43
69.64
70.95
70.65
77.86
68.27
69.53
77.63
69.10
71.49
79.95
69.97
70.07
79.81
70.22
69.85
79.70
69.93
70.35
80.00
70.43
67. 74
78.62
69.03
69.99
79.06
68.90
67.47
69.24
83. 73
'84 82
90 52
r 75. 55
r
75. 97
77.31
70.18
r
r
69. 99
70.11
78.87
69.73
r 68. 43
' 76. 46
' 67. 91
67. 66
' 70. 90
' 77. 31
' 69. 94
r
73. 74
p 74. 68
73.65
' 79. 49
72.24
P 80. 15
p 72. 57
r
p 86. 28
85. 52
' 78. 15
79.12
78.47
79.57
* 75. 50
80.08
79.24
79.47
79.48
77.05
77.14
r
88.49
76. 87
80.24
80.84
79.68
79.27
' 71. 33
79.83
80.55
79.91
76.44
77.34
85.30
80.
64
80.38
78.08
80.36
' 80. 66 '
80.57
80.01
79.53
80.57
79 85
78 07
T
r
77.76
76 02
74 76
75 01
76.03
76.36
76 81
74 32
74 85
74 12
72 37
73 57
r
74.68
76. 06
' 74. 83
76.25
77.79
78.12
78.55
76.11
76.79
77.81
76 49
77 06
r
'
74. 23 p 76. 48
71.81
71.
61
70.71
71.97
'
70.
49
71.02
71.47
71.02
71.70
70.98
70.26
Instruments and related products
do
p 63. 70
' 63. 05
'60.66
' 59. 06
60.39
60.01
59.31
60.18
60.57
59.94
60.53
58.71
58.18
Miscellaneous mfe. industries.
do ___
r
2
Revised.
p Preliminary.
* See note "f" for this page; comparable figure for December 1951, 43.8.
Less than 500 claims.
fRevised series. Beginning 1952, data cover all domestic (land-line) employees except messengers and those compensated entirely on a commission basis; earlier data exclude general and
divisional headquarters personnel and trainees in school.
*New series. Data beginning 1947 will be shown later.
{See note marked "i" on p. S-ll.
Transportation equipment
Automobiles
Aircrai c diiiu pai ^ -
do ..
do
.- - - -
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1951
October
November
1952
December
January
February
March
April
May
June
July
August
September
October
EMPLOYMENT AND POPULATION—Continued
WAGES —Continued
Average weekly earnings, etc.— Continued
All manufacturing industries— Continued
Nondurable-goods industries _
dollars. _
Food and kindred products
do
Meat products
do
Dairy products
do
Canning and preserving
do
Bakery products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars. _
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars. _
Women's outerwear
do
Pacer and allied products
do
Pulp, paper, and paperboard mills. _ _ d o
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
No^manufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production :
Petroleum and natural-gas production
dollars _ _
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction.
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines. _
__ do
Telephone
do
Telegraph f
do
Gas and electric utilities.
do
Trade:
Wholesale trade _
_ __
do
Retail trade (except eating and drinking
places)*
_ . .
.
dollars
General-merchandise stores
do
Food and liquor stores
.
do_
Automotive and accessories dealers do
Finance:
Banks and trust companies
._
do
Service:
Hotels, year-round
do
Laundries _
do. _ _
Cleaning and dyeing plants
do
Average hourly earnings (U. S. Department of
Labor) :
All manufacturing industries
dollars. .
Durable-goods industries
._
do__.
Ordnance and accessories
_
do
Lumber and wood products (except furniture)
dollars _ _
Sawmills and planing mills
do
Furniture and fixtures _
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills t
dollars..
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars..
Heating apparatus (except electrical) and
plumbers' supplies
dollarsMachinery (except electrical)
do
Electrical machinery __
do __
Transportation equipment
do
Automobiles
do _
Aircraft and parts
do
Ship and boat building and repairs.-.do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
do
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products.
Canning and preserving
Bakery products
Beverages
._
do
do .
do
_do
do
do
do
58.00
61.91
67.65
60.60
56.87
58.38
72.54
45.30
49.29
48.77
46.06
59.07
63.34
73.51
60.09
47.80
59.26
74.54
46.26
50. 46
50.01
47.56
60.45
64.13
73.06
61.48
51.02
59. 43
73.48
46.53
52.70
52.62
48.08
60.04
63.40
69.66
62.79
50.35
59. 04
72.94
45. 27
52.40
52.10
47.66
60.12
63. 30
68.72
62.29
51.11
60.09
73.50
43.69
52.22
51.19
48.31
60.13
63.30
68.09
62.55
51.40
59. 29
73. 41
43.88
51.32
49.48
48.16
58.71
62.80
67.78
62.24
50.44
60.25
73. 81
41.45
49.85
49.08
45.94
59.71
64.09
68.82
62.95
49. 50
61. 57
76.95
45.40
50.78
49.42
46. 86
60.83
65.34
69.91
65.30
50.62
62.27
78.68
46.74
51.61
50.37
47.23
' 70. 35
' 64. 99
' 52. 56
' 61. 89
' 80. 93
«• 46. 24
' 51. 78
43.70
47.81
45.12
47.59
46.26
49.98
46.40
50.00
47.56
51.67
47.36
52.63
43.58
48.20
45.06
48.77
45.21
50.86
37.14
47.33
65.32
71.15
38.13
50. 41
65.64
71.31
38.09
52.30
66.68
72.22
38.06
53.38
66.39
71.29
39.02
54.78
66.57
71.68
39.34
53.14
67.48
72.93
38.02
47.81
65.33
69.88
39.47
49.43
66.34
71.01
39.35
48.79
67.71
72.54
«• 38. 64
«• 51. 63
«•r 68. 39
74. 17
76.27
84.59
75. 13
68.18
71.17
81.72
84.68
68.67
78.76
45.31
41.83
77.09
85.51
76.57
68.72
71.63
81. 28
84.89
69.46
80.27
45.85
41.93
79. 43
88.65
78.75
69.10
72.45
82.94
87.14
73.91
86.26
48.61
45.57
77.28
83. 13
78.18
69.06
72.11
82.66
86.67
74.19
86.99
49.54
47.52
77. 64
84.19
77.26
68.81
72.02
82.09
85. 63
73.31
85.75
50.19
48. 52
79.06
84.55
79.55
69.18
72.54
82.09
85.50
72.58
83.46
50.46
49.15
78.23
85.02
78.21
69.09
73.20
82.34
85.68
71.40
81.90
48.53
46.57
79.86
87.42
79.96
69.73
73. 67
75.22
76.58
73.47
84.96
48.90
46.63
80.16
87.32
80.52
70.65
74.07
84.95
87.83
75.01
87.79
50.04
47.74
76.10
78.24
80.62
74.43
81.84
81.09
79.43
69.98
86.28
79.12
73.58
86.39
79.25
68.97
80.27
80.59
67.00
79.26
77.67
62.52
66.68
80. 45
74.69
70.25
79.32
66.67
64.30
78. 93
71.72
86.26
86.61
86.20
79.02
68.35
81.66
79. 30
82.26
83.85
67. 32
83.83
79.08
84.94
84.53
66.69
84.74
81.26
85. 35
82.29
67.60
85.95
82.73
86.60
84.57
67. 50
83. 51
79.46
84. 57
83.10
69.31
85.20
82. 43
85.92
81.93
70.74
85.81
84.42
86.03
85.53
71.31
87.35
86.72
87.50
73. 23
59.94
72.34
72.92
73. 11
60.84
72. 13
73.29
75.35
59. 44
72.21
73.63
73.92
59.68
i 70. 77
73.20
73.52
59.83
70.90
72.82
74.89
59.29
71.02
73.28
74.31
53.92
76. 17
60.60
73.24
73.46
65.44
65.52
66.58
66. 42
66.13
66.62
66.49
50.43
36.56
53.90
67. 24
49.92
36.12
54.35
67.13
49.92
37.52
54.44
67.06
51.22
38.27
54.53
66.68
50.98
37.44
54.45
67.37
50. 90
37.20
54.87
67.74
50.97
37.04
55.16
69.28
-
62.30
' 63. 92
71.04
65.10
53.16
61.86
77.29
'
47. 80
r
54. 46
53.88
49.79
p 62. 30
P 64. 43
' 47. 80
61.57
«- 63. 60
69.37
63.74
r
52. 28
r
61. 55
>• 78. 64
' 47. 71
r 53. 25
52.49
48.94
' 45. 72
' 49. 54
' 48. 19
' 54. 26
48.71
55.16
P 47. 70
40.87
54.27
70. 77
75.55
v 72. 28
r 65. 13
r 51. 02
r
r
40.06
54. 59
69. 30
' 74. 03
r
' 79. 93
' 86. 64
r 80. 64
r 70. 29
' 74. 68
' 88. 05
' 90. 82
«• 72. 15
r 84. 22
' 50. 01
»• 47. 80
r
r
«• 80. 38
' 59. 35
63. 45
' 82. 89
66.15
r
81. 80
87.49
78.27
90.60
' 85. 85
70. 45
«• 87. 78
86. 36
88.09
' 85. 36
'72.60
r
89. 53
'
89. 38
r
89. 59
89.46
73.76
91.74
93.31
91.42
76.91
60.80
72.40
74.41
r 78. 14
' 62. 29
72.84
' 74. 78
' 78. 80
«• 62. 00
71.96
' 75. 25
78.06
62. 85
74.46
76.29
66.94
67.59
' 67. 80
' 68. 01
68.66
51.68
37.91
55. 12
71.08
52.85
38.80
56.68
71.71
r 53. 09
' 38. 98
' 56. 96
' 70. 91
r
r
52.30
37.14
56.33
71.01
p
T
r
80. 55
* 86. 75
80. 00
70. 72
' 74. 88
' 87. 21
' 90. 28
' 73. 51
' 85. 01
' 52. 19
' 50. 50
r
r
82. 08
88.73
81.20
r
71. 38
76.27
' 89. 40
92.30
r
74. 36
84.11
r
51. 30
48.69
53. 05
38. 87
' 56. 96
' 69. 93
P 48. 00
p 55. 28
P 81. 21
P 71. 30
P 88. 01
P 70. 17
* 51. 85
50.78
51.13
51.81
52. 05
52. 14
52. 30
52.03
52. 12
51.96
' 52. 44
r
52. 45
52.55
35. 91
37. 73
44. 36
36. 20
37. 93
43. 71
36.81
38. 34
44.14
36. 47
38.55
44.08
36.59
37.96
43. 14
36.38
38.00
43.39
36.72
38.47
45.22
36.76
39.00
46.41
36.72
39.54
47.20
36.72
' 38. 73
' 44. 45
36.76
' 38. 65
44.32
36.67
39.35
45.83
1.615
1. 705
1.716
1.626
1.712
1.724
1.636
1.723
1.721
1.640
1.726
1.740
1.644
1.731
1.762
1.656
1.746
1.780
1.655
1.742
1.775
1.658
1.746
1.790
1.658
1.747
1.787
1.648
' 1. 733
»• 1. 786
1.670
1.769
1.788
r
r
' 1. 697
1.811
1. 850
P 1. 706
P 1. 823
p 1. 841
1.509
1.507
1.420
1.581
1.650
1.816
1.499
1.499
1.431
1.590
1.671
1.826
1.475
1.472
1.440
1.585
1.657
1.842
1.422
1.432
1.442
1.585
1.653
1.852
1.456
1.458
1.452
1.591
1.655
1.841
1.475
1.475
1.469
1.600
1.669
1.849
1.502
1.498
1.465
1.602
1.675
1.834
.459
.478
.462
.606
.678
.841
1.534
1.548
1.464
1.616
1.697
1.830
' 1. 543
1.544
' 1. 453
1.585
1.600
1.460
1.630
1.710
1.932
' 1. 597
1.614
' 1. 483
' 1. 654
1.744
" 2. 003
p 1. 481
p 1.682
1.876
1.890
1.896
1.910
1.885
1.892
1.876
1.884
1.923
r
' 2. 034
2.135
1.694
1.702
1.729
1.772
1.759
1.771
1.767
1. 776
1.779
'1.803
' 1. 835
1.863
1.688
1. 689
1.697
1.700
1.705
1.713
1.711
1.718
1.716
1.700
1.719
1.794
1.645
1.721
1.797
1.653
1.731
1.813
1.666
1.730
1.818
1.676
1.729
1.828
1.681
1.737
1.839
1.697
1.737
1.837
1.696
1.741
1.843
1.697
1.744
1.847
1.705
'r 1. 728
1. 838
' 1. 702
1. 755
1.845
' 1. 710
1.886
1.948
1.803
1.830
1.884
1.661
1.433
1.893
1.955
1.819
1.851
1.884
1.670
1.446
1.906
1.978
1.827
1.830
1.907
1.683
1.462
1.915
1. 989
1.841
1.839
1.873
1.687
1 462
1.914
1.976
1.852
1.858
1.887
1.703
1 475
1.939
2.001
.878
.878
.902
.714
.481
1.928
1.997
1.859
1.852
1.892
1.708
1.479
1.936
2.001
1.878
1.858
1.884
1.718
1.491
1.944
2.012
1.882
1. 859
1.916
1.730
1.489
•• 1. 921
' 1. 987
' 1. 889
* 1. 846
1.866
' 1. 732
r
1. 484
1.949
2.023
1.902
1.877
1.911
1.734
1.494
1.491
1.474
1.630
1.368
1. 338
1.400
1.778
1.507
1.508
1.667
1.372
1.292
1.428
1.836
1.515
1.516
1.653
1.394
1. 332
1.432
1.801
1.520
1.524
1.639
1.427
1. 325
1.433
1.801
1.522
1.529
1.660
1.419
1.331
1.448
1.806
1.530
1.544
1.677
1.428
1. 349
1 446
1. 817
1.529
1.543
1.682
1.421
1.345
1.466
1.818
1.531
1.548
1.691
1.421
1.306
1.473
1.841
1.540
1.552
1.701
1.432
1. 308
1.472
1.860
1.545
•• 1. 547
1.720
1.441
'
1. 282
r
1. 477
' 1. 882
* Revised.
f> Preliminary.
1 See note "t" on p. S-13; comparable figure for December 1951, $70.47.
fRevised series. See note "t" on p. S-13.
*New series. Data beginning 1947 will be shown later.
tSee note marked "t" on p. S-ll.
' 61. 03
r
1.615
' 1. 701
' 1. 820
1. 911
1.724
r
r
1.543
1. 540
1.730
1.442
r
1. 317
»1. 469
1. 895
r
r
r
P 2. 014
1. 764
P 1. 778
1.779
1. 866
1. 724
P 1. 877
P 1. 732
' 2. 017
2.102
1.943
1.920
1.905
r
1. 759
r
1. 512
r
p 1. 599
1.546
1. 522
1.720
1.463
1.278
1.480
1.885
P 2. 030
P 1. 787
P 1. 513
P 1. 546
P 1. 545
SUKVEY OF CURRENT BUSINESS
December 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-15
1952
1951
October
November
December
January
February
March
April
May
June
July
August
September
October
EMPLOYMENT AND POPULATION—Continued
WAGES —Continued
Average hourly earnings, etc. — Continued
All manufacturing industries— Continued
Nondurable-goods industries— Continued
Tobacco manufactures
dollars. _
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do__ _
Apparel and other finished textile products
dollars __
Men's and boys' suits and coats .
do_ _ .
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
dollars __
Newspapers
.
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products nf petroleum arid coal
do
Petroleum refining
__do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Nonrnanufacturing industries:
Mining:
Metal
do
Anthracite
_ _ _ _ _
do
Bituminous coal _ _
_ _ _ do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars _ _
Nonmetallic mining and quarrying
do_ _
Contract construction
do
Nonbuilding construction.
do ___
Building construction
do
Transportation and public utilities:
Local railways and bus lines
___do _ _
Telephone
do
Telegraph f
do
Gas and electric utilities
__do
Trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)*
dollars..
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers. .-do
Service:
Hotels, year-round
do
Laundries
_ __
.
-do_ __
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. perhr_.
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
1.141
1.325
1.318
1.269
1.177
1.335
1.330
1. 275
1.178
1.341
1.339
1.272
1.179
1. 347
1.336
1.288
1.184
1.346
1.333
1.278
1.199
1 347
1.330
1 274
1.198
1 340
1.323
1.269
1.198
1.347
1.332
1.270
1.211
1 344
1. 336
1.256
1.263
1.471
1.271
1.478
1.278
1.483
1.289
1.497
1.296
1.489
1.287
1.491
1.245
1.465
1.238
1.469
1.249
1.487
1.061
1.443
1 537
1.617
1 071
1. 457
1 548
1.628
1 064
1.461
1 558
1.634
1 066
1.487
1 562
1. 635
1 069
1.505
1 570
1.644
1 072
1.468
1 584
1.665
1 062
1.398
1 578
1.656
1 061
1.373
1 587
1.667
1 055
1.402
1 597
1 683
1.976
2.305
1.902
1.631
1.766
1.992
2.330
1.919
1.644
1.773
2.016
2. 364
1.935
1.653
1.780
2.002
2.322
1.940
1.660
1.785
2. 022
2.332
1.946
1.662
1.787
2.043
2.342
1.974
1.675
1.800
2.048
2.355
1.980
1. 685
1.821
2.069
2.395
1.999
1. 705
1.828
2.066
2. 399
2. 003
1.719
1.838
r
1.998
2.096
1.704
1.974
1.280
1.234
1.997
2.091
1.715
1. 982
1.288
1.237
2.013
2.110
1. 794
2.104
1.286
1.235
2.021
2.114
1.814
2.127
1.290
1.244
2.012
2.104
1.810
2.112
1.297
1.257
2.017
2.111
1.801
2.097
1.304
1.270
2.033
2.126
1.803
2. 084
1.308
1.269
2.022
2.145
1.814
2.103
1.311
1.267
2 082
2.174
1 834
2. 136
1.310
1.263
1.714
2.229
2. 221
1.715
2.224
2.240
1.789
2.250
2.247
1.786
2.257
2.244
1.797
2.232
2.236
1.811
2.226
2.239
1.802
2.225
2.230
1.812
2.243
2.209
1 862
2. 215
2.256
1.949
1.526
2.195
2.033
2.239
1.956
1.536
2.219
2.049
2.260
2.006
1.530
2.212
2.033
2.253
2.027
1.526
2.236
2.052
2.276
2.017
1.526
2.244
2.058
2.285
2.033
1.541
2.251
2.064
2.292
2.022
1.547
2.242
2. 071
2.285
2.018
1.548
2.223
2. 049
2.270
2. 071
1.557
2.217
2.055
2.261
1.585
1.533
1.633
1.732
1.579
1.552
1 632
1.745
1.583
1.532
1.630
1.749
1.593
1.542
i 1. 612
1.747
1. 581
1.554
1.615
1.759
1.607
1.540
1.614
1.770
1. 612
1.545
1.624
1. 566
1.769
1.604
1. 606
1.620
1.632
1.637
1.649
1.267
1.027
1.361
1.481
1.267
1.029
1. 369
1.482
1.245
1.014
1.361
1.477
1.287
1.069
1. 384
1.485
1.281
1.043
1.382
1.497
.837
.918
1.069
.840
.925
1.074
.852
.926
1.074
.852
.929
1.083
1.645
2.719
1.646
2.728
1.651
2.751
.73
1.748
1.33
1.779
1.801
r 1. 220
1 345
' 1. 339
r
1 258
' 1. 270
1. 470
r
r
r
r
1 050
I 475
I 613
1 709
r 1. 211
r
1 348
1.339
1 258
' 1. 198
T i 358
1.347
1 267
P 1. 194
P 1 365
1.299
1 503
v 1. 272
' 1. 292
1. 499
r
1 057
1 508
1 067
1 516
r I f)08
r I 627
r
r
1 694
P 1 639
1 717
r
2. 094
2 431
2.010
1 720
1.874
p 2. 093
r 1. 844
' 2. 076
2. 403
' 1. 985
1.729
'1.849
r
r
2 148
2. 257
1 815
2. 099
1.318
1. 272
r 2 170
2 279
r
1 827
2 108
r
1. 329
1 278
p 2 157
2. 076
2. 400
2. 001
' 1. 727
r
r
2 132
' 2. 226
f 1 822
r 2. 116
r
1. 299
T
T
r
r
r
r
r 1. 248
r
r
r
1 842
2.250
»• 2. 229
1 906
2 249
2.265
' 2. 094
r
1. 569
2. 245
•• 2. 066
r
2. 294
' 2. 127
r
1. 592
r 2. 278
r 2. 123
' 2. 321
2.166
1.614
2 305
2.150
2.350
r
r
1.783
1.633
1 559
1 627
1.806
r 1. 802
r
1. 673
1. 602
1 617
1. 809
1 686
1 624
1 748
1.834
1. 658
1.657
1 669
' 1. 670
r
1. 675
1 687
1.279
1.039
1.389
1.502
1.284
1.029
1. 393
1. 526
1. 305
1.062
1. 406
1.569
1.318
1.069
1.410
1.583
»• 1.314
r 1. 065
' 1. 403
' 1. 562
r 1. 313
1.324
1.052
1.419
1.571
.855
.928
1.084
.856
.929
1.082
.858
.936
1.095
.863
.942
1. 105
.862
.946
1.108
r.866
1.654
2.758
1.659
2.758
1.664
2.770
1.680
2.774
1.690
2.797
1.706
2.808
.86
1.807
1.29
1.830
1.809
.83
1.788
1.38
1.802
1.821
422
544
430
510
416
495
r
1. 865
2.223
2. 258
r
r
1. 666
1. 5S5
1 626
r
r
1. 059
T 1. 403
1. 537
r
p I 718
p 1 781
p 1 333
r
.867
«• . 945
1. 097
.871
.955
1. 115
1.755
2.849
1.793
2. 885
1.803
2.909
.87
1.835
1.41
1.851
1.858
450
539
454
550
454
565
449
591
350
908
3-r2
H96
2,297
1,088
1 062
26
369
841
414
775
123, 886
49, 278
74, 608
137, 731
55, 560
82, 171
r.940
' 1. 103
1.817
2 921
76
1.48
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper
__do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil of dol
Farm mortgage loans total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives
do
Short-term credit
_.do
Bank debits, total (141 centers)
New York City. _
Outside New York City
. do
do
do
398
410
437
435
490
434
492
480
493
517
458
534
357
820
337
860
2,313
1,074
1, 046
27
343
896
124, 664
52, 057
72, 607
121,433
49, 535
71, 898
129, 870
54, 922
74, 948
131, 960
57, 052
74, 908
110 578
43, 166
67, 412
49, 213
23, 632
676
22, 363
22, 106
49, 213
21, 175
19, 940
797
24, 332
48.6
49, 549
24, 152
952
22, 273
22, 103
49, 549
21, 412
19, 778
591
24, 567
48.1
48, 939
23, 551
59
22, 906
22, 143
48, 939
20, 559
19, 381
-192
24, 826
48.8
50, 252
24, 821
1, 270
22, 853
22, 146
50. 252
21, 952
20, 323
495
24, 843
47.3
50, 496
25, 216
1,318
23, 146
22, 147
50, 496
22, 056
20, 411
835
25, 119
46.9
2,110
1,029
399
697
420
660
998
32
429
651
123, 770
47, 971
75, 799
117, 231
44, 802
72, 428
129, 549
53, 500
76, 049
408
678
396
718
2,194
1,050
1 021
30
377
766
123, 059
48, 106
74, 953
114, 113
45, 375
68, 738
125, 269
50, 180
75, 089
Federal Reserve banks, condition, end of month:
49, 323
49, 900
48, 941
48, 590
49, 046
48, 740
Assets, total
_ mil. ofdoL.
23, 270
23, 783
23, 904
25, 009
24, 734
24, 427
Reserve bank credit outstanding, total. -.do
19
598
133
328
624
186
Discounts and advances
_ .
do. _.
22, 729
22, 514
22, 528
23, 239
23, 801
23, 552
United States Government securities...do
21, 992
22, 115
21, 731
21, 166
21, 468
21, 004
Gold certificate reserves
do
49, 323
48, 941
48, 590
49, 900
49, 046
48, 740
Liabilities, total
do
21, 004
21, 336
20, 746
21, 192
20, 945
20, 868
Deposits, total
do
19, 733
19, 982
19, 670
20, 056
20, 077
19, 557
Member -bank reserve balances
do
492
389
634
728
490
497
Excess reserves (estimated)
do
24, 405
24, 423
24, 371
25, 064
24, 680
24, 261
Federal Reserve notes in circulation
do
47.9
49.0
48.1
46.4
46.4
46.5
Reserve ratio
percent..
r
Revised.
p Preliminary.
1 See note "t" on p. S-13; comparable figure for December 1951, $1.609.
§Rates as
fRevised series. See note "t" on p. S-13.
*New series. Data beginning 1947 will be shown later.
50, 479
24, 747
477
23, 694
22, 147
50, 479
21, 455
20, 066
' 319
25, 215
47.5
of November 1, 1952: Common labor, $1.817: skilled labor, $2.937.
51, 341
25, 855
1,591
23, 575
22, 140
51,341
22, 273
20, 616
620
25, 426
46.4
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1952
1951
October
November
December
January
February
March
April
May
June
July
August
Se
^m-
October
FINANCE—Continued
BANKING—Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
_
mil. ofdol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. ofdol -_
States and political subdivisions
do
United States Government
do
Time except interbank, total
do
Individuals, partnerships, and corporations
mil. of doLStates and political subdivisions
.do _
Interbank (demand and time)
do
Investments, total
do _
U. S. Government obligations, direct and
guaranteed total
mil of dol
Bills
do
Certificates
__ do Bonds and guaranteed obligations
do
Notes
_do___
Other securities
do
Loans, total
__ -do
Commercial, industrial, and 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 :cf
Bank rates on business loans:
In 19 cities
percent
New York City
do
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N Y. F. R. Bank)
do
Federal intermediate credit bank loans
do
Federal land bank loans
_do Open market rates, New York City:
Acceptances, prime, bankers', 90 davs
do
Commercial paper, prime, 4-6 months do
Call loans renewal (N Y S E )
do
Time loans, 90 davs (N. Y. S. E.)
do
Yield on U. S. Govt. securities:
3-month bills
do -3-5 year taxable issues -do .._
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of doL.
U. S. postal savings
_do.
52, 124
53, 040
53, 370
54,328
52,683
51, 162
52, 303
52, 863
51, 708
52, 766
52, 275
52, 317
53, 586
53, 517
3,465
2, 543
15, 829
53, 964
3,466
2,241
15, 792
55, 554
3, 582
2,225
16, 026
54, 798
3,694
1, 644
16, 070
53, 646
3,599
2,545
16, 205
51, 729
3,710
3,666
16,318
52, 913
4,070
3,184
16, 383
53, 152
4,021
2,917
16, 509
52, 818
3,705
6,914
16, 631
53, 189
3,698
4,793
16, 651
53, 253
3, 558
3,144
16, 706
53, 835
3,515
3,561
16, 829
54, 799
3,561
3,450
16,929
14.958
719
11, 948
38, 565
14,915
720
11,737
38, 772
15, 152
712
13, 519
39, 056
15, 176
728
11,834
39, 260
15, 275
761
11,481
38, 833
15, 385
764
12, 042
38,316
15, 444
767
10, 998
38, 563
15, 554
780
10, 895
38, 983
15, 689
763
11, 990
41,019
15, 687
779
11, 274
40, 800
15,751
765
11,965
39, 503
15, 883
756
12, 261
39, 093
16,002
738
12, 175
39, 747
31, 926
3,748
3,010
19, 212
5,956
6,639
34, 083
20, 571
1,077
32, 082
3,949
2,994
19, 185
5,954
6,690
34, 488
20, 865
1,148
32, 224
4,129
3,596
18, 531
5,968
6,832
35, 161
21, 419
1,340
32, 419
4,319
3,698
18, 456
5,946
6, 841
34, 757
21, 160
969
31, 892
3, 855
3,798
18, 286
5,953
6,941
34, 693
21, 157
1,077
31, 163
3,415
3,611
18, 220
5,917
7,153
34, 795
21, 172
1,278
31, 456
3,624
3,684
18, 274
5,874
7,107
34, 770
20, 796
1,695
31,719
3,544
3,728
18, 524
5,923
7,264
34, 863
20, 530
1,885
33, 582
3,734
3,885
20, 016
5,947
7,437
36, 472
20, 567
2,792
33, 267
3,313
3,700
20, 288
5,966
7,533
35,315
20, 581
1,988
31, 932
2,582
3,211
20. 149
5,990
7,571
35. 685
21,017
1,461
31, 579
2,513
2,617
20, 121
6,328
7,514
36, 680
21, 671
1,416
32, 361
3,610
2, 433
20, 057
6, 261
7,386
37, 238
22, 274
1,437
684
5, 653
680
5,670
657
5,949
687
5, 658
5t54
6,028
667
5,669
822
6,011
660
5, 652
691
5,999
677
5,657
540
6,021
660
5,674
438
6,056
659
5,690
463
6,187
789
5,726
759
6,393
717
5,764
386
6,436
792
5,824
614
6,537
767
5,890
826
6,670
748
5, 945
618
6,784
1.75
2.66
4.17
1.75
2.69
4.17
3.01
3.23
3.67
1.75
2.71
4.17
1.75
2.73
4.17
1.75
2.73
4.17
3.45
3.23
3.47
3.79
1.75
2.73
4.17
1.75
2.73
4.17
1.75
2.73
4.17
3.51
3.27
3.46
3.90
1.75
2.73
4.17
1.75
2.72
4.17
1.75
2.71
4.17
3 49
3 29
3 44
3 84
1.75
2.71
4.17
1.75
2.71
4.17
1.63
2.21
2.25
2.38
1.63
2.25
2.25
2.38
1.69
2.31
2.38
2.47
1.75
2.38
2.45
2.56
1.75
2.38
2.38
2.56
1.75
2.38
2.38
2.56
1.75
2.35
2.38
2.56
1.75
2.31
2.38
2.56
1.75
2.31
2.38
2.56
1.75
2.31
2.38
2.56
1.75
2.31
2 57
2.61
1.75
2.31
2 63
2.63
1.75
2.31
2.63
2.63
1.608
2.00
1.608
2.01
1. 731
2.09
1.688
2.08
1.574
2.07
1.658
2.02
1.623
i 1.93
1.710
1.95
1.700
2.04
1. 824
2.14
1.876
2.29
1. 786
2.28
1.783
2. 2fi
11,941
2,724
12, 018
2,714
12, 175
2,705
12, 208
2,695
12, 267
2,681
12,382
2,669
12, 438
2,651
12, 531
2,633
12, 678
2,617
12,730
2,601
12, 786
p 2, 587
12, 896
P 2, 572
12, 943
p 2, 561
Total consumer credit, end of month. _ .mil. of dol..
Instalment credit, total
do
Sale credit, total
. . ._ _
.do ...
Automobile dealers
do
Department stores and mail-order houses
mil. of dol. _
Furniture stores
...
__do - Household-appliance stores
do
All other retail stores (incl. jewelry)
do
19, 585
13, 196
7,355
4,134
19, 989
13, 271
7,400
4,100
20. 644
13, 510
7, 546
4,039
20, 126
13,314
7,322
3,962
19,717
13,185
7,158
3,927
19, 565
13, 156
7,047
3,891
19, 788
13,319
7,099
3, 946
20, 293
13, 806
7,421
4,171
20, 961
14, 409
7,820
4,446
21,213
14, 745
8,039
4,597
21, 433
14, 939
8,149
4,634
P 21, 661
v 15, 196
p 8, 339
P 4, 708
P 22, 311
p 1 5, 595
p 8, 669
P 4, 892
1,056
890
1, 099
908
607
608
668
685
1,186
971
613
737
1,129
933
592
706
1,082
909
567
673
1,060
893
548
655
1,064
894
541
654
1,101
924
551
674
1,132
954
588
700
1,142
974
612
714
1,166
995
625
729
p 1,217
P 1,013
v 648
P753
p 1,278
v 1,042
P 673
P784
Cash loans, total
..
.do ._
Commercial banks .
do
Credit unions
do
Industrial banks _ _
do__.
Industrial-loan companies _
do
Insured repair and modernization loans
mil. of dol. .
Small-loan companies ...
do. .
Miscellaneous lenders
do
5,841
2,522
5,871
2, 509
535
299
225
5,992
2, 521
541
300
230
G, 027
2,542
545
301
232
6,109
2,593
553
303
235
6, 220
2,642
568
307
239
6.385
2,726
589
319
246
6, 589
2,838
614
330
254
6, 706
2, 892
631
341
259
r
5S5
299
222
5,964
2,510
542
301
229
6, 790
2,931
647
346
263
v 6, S57
P 2,971
P 662
P 352
p 2t>4
P 6, 926
P 3, 01 1)
904
1,191
922
1,211
170
938
1,268
176
951
1, 273
176
956
1,275
176
963
1,285
177
983
1,302
179
1,004
1, 320
181
1,024
1,346
183
1,032
1,366
185
r
168
1,039
1.377
187
P 1, 047
p 1, 375
p 186
P 1,053
P 1,375
p 1 86
3,868
1,413
1,108
4,190
1,422
1,106
4,587
1,436
1,111
4,253
1,445
1,114
3,967
1,448
1,117
3,855
1,443
1,111
3,913
1,437
1,119
3,921
1, 431
1,135
3,980
1,435
1,137
3,891
1,443
1,134
3 902
1, 456
1,136
P 3 848
p 1, 470
p 1, 147
P 4, 071
P 1, 494
P 1,151
373
86
347
83
52
40
205
45
38
228
354
84
50
42
292
393
85
46
38
184
373
91
46
37
181
429
95
52
41
216
429
103
50
39
211
479
116
52
44
236
497
122
56
44
248
473
113
53
42
238
418
105
50
41
211
P423
P 105
P 51
p39
p 196
P 454
P 113
P 55
v 45
P 209
2,708
2,635
52
1,653
885
117
3,951
3,521
5,576
5,279
44
4,599
823
111
5,153
4,953
44
3,944
826
339
6,194
5.553
43
5,258
805
88
10, 800
9,886
44
9,816
825
115
5,187
4,323
47
4,186
849
105
4,688
3,809
45
3, 663
828
152
10 220
9,796
45
9,147
845
183
3 649
3,316
48
2,464
949
188
4 585
4 050
47
3 546
862
130
6 875
6 585
52
5 834
877
112
3 355
3 094
65
2 l>27
9£)3
139
5, 455
228
449
3,414
1, 363
5,105
142
396
3,155
1,412
5,704
689
404
3, 425
1.186
6, 016
350
367
3,775
1, 523
5, 659
172
359
3, 791
1.337
6,930
1,518
361
3,699
1.353
6.742
320
401
3,884
2.137
5 018
183
362
2,971
1.502
6 070
' 559
353
4,008
1.150
6 383
572
363
3,723
1.725
627
5,950
3.27
CONSUMER CREDIT
Charge accounts
Single-payment loans
Service credit
do
do
do
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
mil. of doL.
Credit unions
-do
Industrial banks
do
Industrial-loan companies
do
Small-loan companies
do
r
T
r
* 359
P 266
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
mil of dol
Receipts, net
do
Customs
___ _
.do
Income and employment taxes
do
Miscellaneous internal revenue. _
do
All other receipts
do
47
2,935
805
164
5,178
5,627
5,483
Expenditures, total
do
497
1,057
173
Interest on public debt
do
r
417
397
483
Veterans Administration
do ._
3,166
3,015
3,070
National defense and related activities
do
r
1,403
1,103
1,
508
All other expenditures
do
1
r
Beginning April 1, 1952, includes \% percent note
Revised.
P Preliminary,
cf For bond yields see p. S-19.
of December 15,1955, and 2^i percent bond of March 15, 1956-58.
SURVEY OF CUERENT BUSINESS
December 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-17
1952
1951
October
November
December
January
February
March
April
May
June
July
August
258, 292
256, 102
219, 356
36, 746
2,191
259,905
257, 739
220, 540
37, 198
2,167
259, 105
256, 863
219, 124
37, 739
2,242
263,073
260, 908
222, 963
37, 945
2,165
September
October
262, 682
260, 577
222 216
38, 360
2,105
264, 919
262, 820
224, 430
38,390
2,099
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE—Con.
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of dol__
Interest-bearing, total.
do
Public issues
do
Special issues.. .
__ .do
Noninterest bearing
. __
do..
Obligations guaranteed by U. S. Government,
end of month
mil. of dol__
U. S. Savings bonds:
Amount outstanding, end of month
.do
Sales, series E, F, and G...
do
Redemptions
do
258, 298
255,940
220, 325
35, 615
2,359
259, 604
257, 253
221, 391
35, 862
2,351
259,419
257, 070
221, 168
35,902
2,348
259, 775
257, 482
221, 249
36,233
2,294
260,362
258, 136
221, 776
36,360
2,226
258,084
255, 794
219, 301
36, 493
2,290
37
43
42
38
37
41
44
45
46
34
39
40
45
57, 666
334
410
57, 710
315
364
57, 739
296
401
57, 809
440
492
57, 821
3C8
410
57, 814
330
428
57, 772
313
437
57, 739
292
422
57, 807
364
431
57, 827
367
467
57,868
356
399
57, 871
330
416
57,903
347
398
Government corporations and credit agencies:
Assets, except interagency, total
mil. of dol_
Loans receivable, total (less reserves). . do
To aid agriculture
do
To aid home owners
__
do
To aid railroads
do
To aid other industries
do
To aid banks
do
To aid other financial institutions
do
Foreign loans. _
do
All other
do
Commodities, supplies, and materials
do
U. S. Government securities
do
Other securities
do
Land, structures, and equipment
do
All other assets
do
814
6,110
779
1,461
2,226
3,463
3, 358
1,813
26, 858
14, 422
4,239
2,363
98
473
0)
597
6,096
731
1,322
2,422
3,451
3,406
1,835
27, 933
15. 913
4,058
2,387
85
464
(i)
653
7,617
801
1,350
2 364
3,438
3.186
1, 683
26, 744
14, 422
4,161
2,142
101
488
(')
Liabilities except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities. _.
do
2,573
2,499
2 472
do
do
do
43
1, 309
1,161
38
1,214
1,247
44
1,228
1,200
Privately owned interest
U. S Government interest
do
do
329
23, 842
349
24, 010
357
25 104
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
total cf
mil. of dol
Industrial and commercial enterprises, including
national defense cf
mil. of dol
Financial institutions.
do
Railroads
,
do
States, territories, and political subdivisions .do
Republic of the Philippines.
do
Mortgages purchased
___ _
do
Other loans..
do
263, 186
261,060
222, 753
38, 307
2,125
842
844
831
816
803
800
795
778
754
751
753
769
787
451
92
102
18
60
80
40
452
91
102
18
60
79
42
447
84
99
19
60
78
44
439
79
99
19
57
78
45
433
76
96
18
57
77
45
432
73
96
19
57
77
46
430
71
95
19
57
76
46
420
68
95
16
57
76
46
425
55
83
16
54
75
46
424
54
82
16
54
74
47
427
53
82
16
54
74
47
444
53
82
16
54
73
47
458
51
82
22
54
73
47
67, 181
60, 347
67, 476
60, 514
67, 983
60, 919
68, 554
61, 385
68, 907
61, 734
69,250
62, 125
69, 604
62, 500
69, 959
62, 789
70. 334
63,083
70, 774
63, 590
71, 123
63, 855
71 578
64, 205
72 034
64, 665
59, 282
37, 763
12, 229
9,956
10, 647
3,088
r
11, 799
735
15, 676
1,330
14. 347
2,182
r
1, 402
r
1, 524
59, 556
37, 759
12, 060
9,829
10, 703
3,111
11, 885
851
15, 851
1.338
14. 512
2,190
1,408
1,497
59, 999
37, 946
11, 871
9,657
10, 781
3,134
12, 160
848
16, 027
1, 350
14, 676
2,193
1,426
1,559
60, 350
38. 056
11. 767
9,561
10, 814
3,150
12, 326
924
16, 185
1,357
14, 828
2,199
1, 432
1,554
60. 640
38. 187
11, 706
9,514
1C, 846
3,164
12, 470
851
16, 336
1.375
14, 961
2,206
1,445
1,615
60, 938
38, 385
11, 588
9,436
10, 909
3.182
12, 706
785
16, 459
1,388
15, 071
2,217
1,464
1,628
61, 237
38, 587
11.546
9,409
10, 961
3,185
12, 895
773
16, 583
1,406
15, 176
2.226
1,471
1,597
61, 547
38, 692
11, 275
9,151
11, 030
3, 196
13. 190
780
16, 719
1,423
15, 296
2,236
1,483
1,637
61, 857
38, 780
11, 096
8,989
11. 066
3,238
13, 380
847
16, 852
1,439
15, 413
2,246
1,498
1,633
62, 201
39, 079
11, 134
9.007
11, 109
3,251
13, 585
750
16, 976
1.454
15, 521
2,254
1,510
1,634
62, 495
39, 184
11,131
9,025
11, 184
3,253
13, 615
758
17, 082
1,463
15, 619
2,262
1,520
1,688
62, 808
39, 310
11,127
9,044
11,212
3 281
13 690
820
17, 188
1 471
15 717
2 270
1, 526
1 694
63, 159
39, 565
10,924
8,887
11, 346
3 301
13, 994
803
17, 311
1 481
15 830
2 276
1,540
1,664
2, 256
226
481
1,549
104
347
336
132
195
75
132
54
174
2, 398
398
453
1,547
102
357
328
139
184
76
128
54
177
2,478
477
436
1.565
101
333
333
152
199
68
138
60
181
2,031
191
382
1,458
102
333
314
126
166
60
149
52
156
2,179
244
454
1, 481
99
329
333
129
179
61
140
53
160
2,495
246
530
1,719
113
384
363
144
207
72
178
69
190
2,571
339
497
1,735
115
406
367
142
209
69
168
63
197
2,803
582
537
1,684
111
388
349
147
205
67
161
64
191
2,589
442
464
1,683
113
382
355
148
203
69
161
60
192
2,442
351
420
1,671
115
377
358
148
198
67
156
62
189
2,319
312
442
1,565
99
334
336
141
190
64
154
61
187
2 504
440
470
1 594
104
347
340
140
199
67
1 ec
189
2 661
346
499
1 816
122
411
384
160
219
77
162
68
212
318, 461
145, 944
31, 584
8,229
29, 886
47, 978
54,840
322, 636
146, 410
34, 400
8, 253
28, 532
48, 768
56, 273
339, 557
154, 860
39, 111
9,220
31, 605
52, 916
51,845
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated totalj
mil of dol
Securities and mortgages t
do
49 companies (Life Insurance Association of
America), total
mil. of dol
Bonds and stocks, book value, total ...do
Govt. (domestic and foreign), total
do
U. S. Government.. .
clo__ .
Public utility
... do
Railroad
do
Other
do
Cash
do
Mortgage loans, total
._ do
Farm
_ _ do
Other
do
Policy loans and premium notes
do
Real-estate holdings
do
Other admitted assets
. _. _.
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value estimated total§
mil of dol
Group §
do
Industrial§ . ..
.
do
Ordinary, total
do
New England
do
Middle Atlantic
do
East North Central
do
West North Central
...
do .__
South Atlantic
do
East South Central
__-do _ _
West South Central
do
Mountain. _
do
Pacific
do
T
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
344, 261 336, 714
339, 822 338, 501
estimated total
thous. of dol__ 327, 648 315, 371 364,248 389, 502 329,638 366, 424
154, 506
148. 980
155, 851
149. 388
150, 656
148, 934
141, 621
167. 995
136, 825
147, 059
Death claim payments _
do
33, 809
35, 126
37, 479
41. 738
38. Ill
38, 984
37,549
46,560
42, 448
40, 377
Matured endowments . -do
8,845
8,651
8,351
8,367
8,666
8,273
7,988
9.887
8,311
8,605
Disability payments
_
do
29.175
31,200
31, 177
30, 826
30, 671
28. 819
38,294
27, 987
30, 560
29.545
Annuitv payments
do
50.453
52, 947
55, 895
57, 169
58.473
50,648
52, 774
47, 712
46, 769
51, 965
Surrender values
_
do
57,194
55, 142
65, 435
72, 489
58, 952
101, 391
53,980
73, 992
50, 458
50, 097
Policy dividends
do
r
Revised.
* Less than $500,000.
concludes loans under the Defense Production Act of 1950.
IRevisions for January-July 1950 are shown in corresponding note in the October 1951 SURVEY.
§Revisions, available upon request, are as follows: Total insurance WTitten, January 1949-Janu;tary 1951; group, January 1950-January 1951; industrial, 1949.
KQ
SURVEY OF CUERENT BUSINESS
S--18
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1952
1951
October
November
December
January
February
March
April
May
June
July
August
September
October
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Association of America:
Premium income (39 cos.), total thous. of doL_
Accident and health
do
Annuities
do~
Group
_
_ _ _ do _ _
Industrial
do
Ordinary
do
281, 959
526,031
59, 737
73, 785
41, 151
60, 787
290, 571
743, 465
71, 169
148, 522
48, 449
115, 161
360, 164
549, 118
53, 541
90,144
60, 164
63, 880
281, 389
540, 742
58, 392
72, 425
47, 211
66, 827
295, 887
647, 575
63, 831
84, 833
52, 941
87, 382
358, 588
520, 597
61, 474
65, 077
46, 677
62, 142
285, 227
583, 172
65, 448
65, 718
46, 683
85, 525
319, 798
617, 890
60, 836
71, 293
46, 790
88, 711
350, 260
550, 760
62, 430
86, 209
52, 221
56, 801
293, 099
560, 435
65, 307
67, 392
43, 687
79, 894
304, 155
594, 066
66, 237
69, 008
47, 491
85, 313
326, 017
555. 235
66, 888
76, 978
47, 442
71, 553
292, 374
22, 233
243, 381
26, 326
7,896
66, 069
38, 646
13, 243
6,330
22, 382
188, 370
9,366
7,302
63, 316
38, 214
13, 033
5,415
22, 695
289, 861
2,375
8,800
62, 388
37, 773
13, 160
4,850
22, 951
137, 452
13, 223
76, 864
62, 527
38, 741
12, 410
4,962
23, 290
23, 190
152, 219 -103,092
1,473
17, 805
158, 600
168, 129
63, 285
61, 024
36, 602
38, 830
12, 343
12, 765
4,848
4,647
23, 297
-75,357
1,313
97, 932
63, 319
38, 557
12, 710
4,961
23, 296
27, 084
2,824
30, 060
66, 202
40, 033
12, 806
5,147
23. 346
19, 266
3,445
40,051
23, 350
-31, 394
1,580
26, 047
23, 344
-32, 620
2,861
5,947
23, 342
—13, 776
1,244
34,590
23, 339
-92, 430
2,988
86? 465
38, 739
12, 475
5,461
39, 886
13, 062
6,403
12, 944
6,498
6,212
250
6, 975
.881
88
6,284
.880
89
3,656
.880
157
6,125
.880
513
6,177
.880
142
8,126
.880
587
4,678
.880
1, 535
4,680
.854
215
5,038
.828
236
5,733
.829
216
4,877
.833
382
4,499
.833
411
7,778
.833
1,983
4,493
3,079
1,977
3,414
3,134
1,968
5,547
3,219
1,788
3,338
3,766
2,016
2,605
3,430
2.081
5,318
3,854
2,529
4,768
4,043
2,246
3,199
3,273
1, 783
3,858
3,307
2,196
2,921
2,272
1,728
3,107
3,235
3,682
28, 417
189, 200
2,100
5,500
181, 600
95, 000
60,900
25, 700
28, 809
190, 500
2,100
5,600
182, 700
96, 300
60, 600
25, 800
29, 206
193, 404
2,279
5,141
185, 984
98, 234
61, 447
26, 303
28, 386
191, 600
2,100
4, 300
185, 200
97,900
61, 700
25, 600
28, 465
191, 500
2,200
5,900
183, 400
95, 700
62, 000
25, 600
28, 473
192, 300
2,200
7,100
182, 900
94, 800
62, 400
25, 700
28, 464
192, 200
2,200
6,300
183, 800
95, 100
62, 700
25, 900
28, 767
192, 900
2,300
6,300
184, 400
95, 300
63, 000
26, 000
29, 026
194, 960
2,319
7,737
184, 904
94, 754
63, 676
26, 474
30.4
20.9
31.4
22.0
37.9
22.6
30.1
20.6
32.5
21.4
34 0
22.0
34.4
21.1
34 3
21.3
38 6
22.2
519, 296
56, 990
61, 955
45, 518
r
r
72, 874
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S
mil. of dol_.
Net release from earmark§
thous. of doL.
Exports
do
Imports
do __
Production reported monthly total
do
Africa
do
Canada
do
United States
do
Silver:
Exports
do
Imports
. do
Price at New York
dol. per fine oz._
Production:
Canada
thous of fine oz
M^exico
do
United States
do
Money supply:
Currency in circulation
mil. of dol
Deposits and currency, total
do
Foreign banks deposits, net
_ _ _. do
U. S. Government balances
do
Deposits (adjusted) and currency, total-. .do
Demand deposits, adjusted
do
Time deposits
. ..do _ . _
Currency outside banks
do
Turn-over of demand deposits except interbank and
U. S. Government, annual rate:
New York City
ratio of debits to deposits
Other leading cities
do
r
1, 859
3,976
3,292
r
r
28, 978
v 197, 200
P 2, 600
p 8, 900
P 185, 800
P 95, 700
p 63, 800
" 26, 200
29, 644
29, 419
29, 293
p 197, 000 p 197, 900 * 199, 900
P 2, 500
"2,500
P 2, 600
"7,200
P 8, 200
v 8, 100
P 186, 200 P 187, 400 P 190, 200
p 95, 800 P 96, 400
P 98, 600
P 64, 100 P 64, 500 P 64, 900
p 26, 300 P 26, 600 *> 26, 700
35 1
20.7
31.4
20.2
34 6
21.5
34 4
21 3
1 519
1 393
1 381
1 137
20
224
12
126
126
50
74
2
810
461
461
202
56
203
962
808
1 38]
i i 225
1 157
852
437
9
154
154
72
79
2
305
8
156
156
80
7°
4
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve) :t
Profits after taxes, total (200 corps ) mil. of dol
Durable goods total (106 corps )
do
Primary metals and products (39 corps.) do
Machinery (27 corps )
do
Automobiles and equipment (15 corps.) do
Nondurable goods, total (94 corps )
do
Food and kindred products (28 corps.) do
Chemicalsandalliedproducts(26corps ) do
Petroleum refining (14 corps.)
do
Dividends, total (200 corps )
do
Durable goods (106 corps )
do
Nondurable goods (94 corps )
do
Electric utilities, profits after taxes (Fed. Res.)J
mil. of dol
Railways and telephone cos. (see p. S-23).
932
505
217
123
185
368
52
125
148
815
501
220
81
170
314
40
108
129
622
337
29
82
189
285
42
105
111
567
325
242
482
273
210
476
269
205
226
257
214
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil. of dol
New capital, total
do
Domestic, total. ._
. . do
Corporate
do
Federal agencies
do
Municipal, State, etc
do __
Foreign.
do
Refunding, total
do
Domestic, total
do
Corporate
do
Federal agencies
do
Municipal, State, etc
__.do
Securities and Exchange Commission^
Estimated gross proceeds, totalBy type of security:
Bonds and notes, total
Corporate
Common stock...
Preferred stock
By type of issuer:
Corporate, total
Manufacturing.
Public utility
Railroad...
Communication
Real estate and
financial
Noncorporate, total
U. S. Government
State and municipal
r
T
1,r 295
974
''945
r
470
107
368
29
322
322
16
288
18
976
836
815
517
0
297
22
140
140
47
89
4
1,093
883
838
562
0
276
45
211
205
83
102
19
1,232
930
929
541
39
349
1
302
302
10
71
221
855
697
667
346
36
285
30
158
158
74
76
8
1, 220
1,139
994
812
38
144
145
81
81
13
63
4
1,576
1,273
1,237
704
80
452
36
303
299
40
257
2
1
1, 584
1 278
1,109
677
56
376
119
306
306
151
144
11
1 409
1 251
1,239
587
38
615
11
158
155
3
141
11
349
349
153
188
7
o
1,789
1,638
1,780
2,194
1,698
1,649
2,336
2,494
2,452
r
6, 441
r
1, 175
1,339
1 93^
do
do
do
do
1, 555
422
106
127
1,368
403
105
166
1,545
636
132
104
2,063
474
48
83
1, 534
314
154
10
1,425
748
161
63
2,139
771
135
61
2,248
870
163
82
2,255
652
112
84
r
r
6, 251
1, 309
157
33
r
1,
095
r
348
50
29
1,257
381
45
37
1 758
874
169
6
do
_ _ _ d o ._
do
do
do
do
do
do. _.
do
655
314
201
18
16
63
1,134
651
397
673
220
267
76
37
15
965
655
302
871
487
260
23
26
24
909
601
296
605
354
186
17
2
15
1,589
1,024
565
478
291
112
29
3
13
1,220
967
222
972
373
400
12
6
20
677
515
145
967
353
271
34
48
57
1,368
722
397
1,116
570
281
120
26
40
1,378
928
396
848
291
356
52
29
70
1,603
978
624
r
1,r 309
356
r
'256
46
r
495
r
69
5, 132
4,898
226
.do.- .
r
1
Revised.
p Preliminary.
Includes International Bank securities not shown separately.
§ Or increase in earmarked gold (—).
^Revisions for 1939—1st quarter of 1951 for manufacturing corporations and electric utilities and for January-March 1951 for SEC data will be shown later.
o
soo
363
o
r
428
r
!34
r
107
95
r
22
r
14
r
747
544
201
463
187
171
12
19
26
876
444
428
1 049
588
335
15
26
68
883
531
294
SURVEY OF CURRENT BUSINESS
December 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-19
1952
1951
October
November
December
January
February
March
April
May
June
July
August
September
October
FINANCE—Continued
j
SECURITIES ISSUED—Continued
Securities and Exchange Commission \— Continued
New corporate security issues:
639
Estimated net proceeds, total
mil. of doL.
Proposed uses of proceeds:
548
New monev total
do
404
Plant and equipment
-do
144
Working capital
do _ _
65
Retirement of debt and stock, totaL -do
10
Funded debt
__
do _ _ _
53
Other debt
do
2
Preferred stock
do
26
Other purposes
do
Proposed uses by major groups:
306
Manufacturing total
do
203
New money
do
41
Retirement of debt and stock
do
197
Public utilitv total
do
178
New monev
do_ __
18
Retirement of debt and stock
do
18
Railroad total
- do ...
16
New money
do
2
Retirement of debt and stock
do
15
Communication total
do
15
New monev
do _ _
Retirement of debt and stock
do
0)
62
Real estate and financial, total- ._ do
48
N e w money
_ _ _ _ _ _do_ _
2
Retirement of debt and stock
_ do
State and municipal issues (Bond Buyer):
381,
580
Long-term
thous. of dol- .
191, 104
Short-term
do
660
856
595
469
954
951
1,097
836
T
1, 290
••420
456
1,034
570
488
83
72
42
29
1
18
771
682
90
55
42
11
2
29
559
487
72
23
8
15
0
13
413
278
134
49
35
13
1
7
875
655
221
60
15
45
0)
19
844
613
232
83
9
70
3
24
925
735
189
163
126
38
0
9
747
553
194
84
38
46
0
5
r I 234
r 280
1r 053
180
M8
r
34
r
H
0
r
8
215
T
65
-•130
r
119
386
288
98
63
45
14
3
7
775
519
255
251
92
157
3
q
214
180
30
262
251
11
76
61
15
37
37
0)
14
11
1
480
428
34
255
240
15
22
22
0
25
24
1
23
18
3
349
331
11
184
177
7
17
17
0
2
2
366
336
20
393
365
28
12
12
0
6
6
0)
20
15
2
350
329
15
265
256
7
34
34
0
47
45
3
56
55
0
559
502
56
276
256
20
119
41
78
26
26
0
40
34
5
287
255
31
349
331
17
51
16
35
29
29
0
70
68
0
i- 351
r
329
r
21
r
250
r
248
1
46
46
0
r
493
r
493
0
r
68
r
4
1
r
24
r 132
14
11
1
285
238
43
110
107
3
29
29
0
3
3
0
13
12
(0
185
131
53
168
165
0
12
12
0
18
18
0)
25
16
8
579
445
128
331
217
114
15
13
1
26
25
1
67
59
5
299, 109
210, 915
265, 503
215, 196
574, 694
93, 863
303, 614
156, 037
150, 618
200, 194
456, 005
172, 674
406, 484
232, 726
637, 232
120, 022
245, 344
266, 630
211, 533
232, 288
220
340
286
454
242
380
248
338
220
304
191
286
219
364
198
286
229
378
233
461
233
349
210
250
257
229
1,291
853
653
1,279
805
649
378
1,292
816
695
1,289
809
633
1,280
790
652
1,293
756
734
1,315
756
818
1,312
725
847
365
1,327
708
912
1,387
692
1, 126
1,338
675
926
1,333
692
891
1,316
692
860
98.29
98.78
73.00
97.82
98.30
72.65
97.43
97.92
72.44
98.01
98.49
73.48
97. 83
98. 30
73.39
98.26
98.75
73.07
98.87
99.36
73.75
98.82
99.31
73.70
98.61
99.10
73.69
98.43
98.88
75.52
98.14
98.57
76.12
97.46
97.87
76.11
98.05
98.50
75.32
116.9
131.3
98.22
115.3
131.6
97.52
114.8
130.9
96.85
115.6
130. 8
96.27
116.5
132. 1
96.77
115.9
131.4
96.87
116.2
132.7
2 97. 95
116.3
131.9
98.91
116.1
130.9
98.32
116.0
130.4
98.40
115.8
128.6
97.09
115.7
126.6
96.86
114.7
125.0
96.44
66, 533
79, 818
47, 052
56, 942
58, 376
71, 347
63, 229
75, 892
51, 332
61, 626
51,113
59, 745
59, 014
71, 124
61, 104
72, 093
52, 964
62, 057
51, 585
58, 329
100, 320
101, 867
56, 237
61,325
76, 955
85, 250
64, 609
75, 600
45, 275
53, 328
56, 026
67, 670
60, 802
72, 524
49, 298
58, 610
49, 640
57, 821
57, 456
67, 299
59, 632
69, 663
51, 432
59, 968
50, 210
56, 686
98, 416
99, 742
54, 113
58, 855
74, 892
82, 455
67, 291
10
67, 281
58, 350
8,867
48, 559
0
48, 559
41, 895
6,613
60, 525
3
60, 522
54, 325
6,079
66, 971
68
66, 903
59, 389
7,399
49, 109
0
49, 109
42, 912
6,174
58, 123
30
58, 093
52, 190
5,858
61, 624
0
61, 624
55, 621
5,918
59, 323
0
59, 323
53, 321
5,933
62, 055
0
62, 055
55, 580
6,410
62, 242
0
62, 242
55, 573
6,544
59, 136
0
59, 136
52. 793
6,269
61, 127
0
61. 127
53. 624
7,395
69, 082
25
69, 057
61, 194
7,777
97, 511
95, 876
1,345
99, 206
97, 063
1,843
97, 151
95, 427
1, 339
99, 318
97, 075
1,843
95, 634
93, 920
1,332
98, 158
95, 920
1,839
96, 269
94, 537
1, 349
98, 221
95, 985
1,836
96, 158
94, 431
1,344
98, 292
96, 060
1,832
96, 699
94, 978
1,338
98,415
96, 183
1,831
97, 355
95, 625
1,347
98, 466
96, 239
1,827
97, 311
95, 583
1,345
98, 474
96, 249
1,825
95, 964
94, 238
1,343
97,315
95, 092
1,823
100, 273
98, 401
1,439
101, 871
99, 516
1,905
100, 537
98, 656
1,448
102, 444
100, 091
1,902
99, 712
97, 838
1,447
102,315
99, 963
1,902
100, 349
98, 494
1,430
102, 341
99, 993
1,898
3.13
3.20
3.25
3.24
3.18
3.19
3.16
3.16
3.17
3.17
3.18
3.19
3.22
2.89
2.93
3.18
3.50
2.96
3.02
3.26
3.56
3.01
3.06
3.31
3.61
2.98
3.05
3.32
3.59
2.93
3.01
3.25
3.53
2.96
3.03
3.24
3.51
2.93
3.01
3.20
3.50
2.93
3.00
3.20
3.49
2.94
3.03
3.20
3.50
2.95
3.04
3.19
3.50
2.94
3.06
3.21
3.51
2.95
3.07
3.22
3.52
3.01
3.08
3.24
3.54
2.93
3.14
3.31
2.97
3.21
3.42
3.00
3.24
3.50
3.00
3.23
3.48
2.97
3.19
3.38
2.99
3.21
3.36
2.97
3.19
3.32
2.97
3.19
3.31
2.98
3.20
3.32
2.99
3.20
3.33
3.00
3.20
3.34
3.02
3.20
3.36
3.05
3.22
3.39
2.04
2.08
2.61
2.07
2.07
2.66
2.11
2.10
2.70
2.08
2.10
2.74
2.07
2.04
2.71
2.05
2.07
2.70
2.03
2.01
22.64
2.10
2.05
2.57
2.15
2.10
2.61
2.15
2.12
2.61
2.28
2.22
2.70
2.34
2.33
2.71
2.38
2.42
2.74
0)
T
r
r 5
5
r 10
r
89
r
T
r
36
105
102
3
94
10
85
tr 22
22
0
r
14
r
9
r
4
r
473, 750
96, 518
r
293, 756
157, 114
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
_.- mil. of bu_Wheat
do _
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Monev borrowed
mil of dol
do
do
do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total §
dollars..
Domestic
-- do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issues):
Composite (17 bonds)
dol. per $100 bond..
Domestic municipal (15 bonds)
do
U. S Treasury bonds, taxable
_ _ do
Sales:
Total, excluding U. 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 Stock Exchange, exclusive of stopped
sales, face value, total §!
thous. of dol._
U S. Government
do
Other than U. S. Government, total§
do
Domestic
do
Foreign
_
do
Value, issues listed on N. Y. S. E.:
Market value, total, all issues§
mil. of dol_.
Domestic
do_ __
Foreign
do
Face value total, all issues §
..
. do
Domestic
do
Foreign
do
Yields:
Domestic corporate (Moody's)
percent _ _
By ratings:
Aaa
do_ __
Aa
do
A
_._do
Baa
do
By groups:
Industrial
do
Public utility
do,__
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds)... do
U. S. Treasury bonds, taxable
do
r
!
2
Revised.
Less than $500,000.
Beginning April 1, 1952, series based on taxable bonds due or callable in 12 years and over; prior thereto, 15 years and over.
JRevisions for January-March 1951 will be 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
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1951
October
November
1<)52
December
January
February
March
April
May
June
July
August
Septem-
October
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments publicly reported :J
Total dividend payments
mil. of dol
Finance
_
do
Manufacturing
__
_ .do. _ _
:
Mining
do
Public utilities:
Communications
do
Heat, light, and power .
-do
Railroad
do
Trade
do _._
Miscellaneous. __
__do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody 's):
Dividends per share, annual rate (200 stocks)
dollars ..
Industrial (125 stocks)
do_
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks) __
do
Insurance (10 stocks)
__ do
533.9
104.5
213.4
7.3
243.3
53.4
113.7
1.7
1, 819. 6
212.6
1, 134. 4
152.1
505.7
107.4
169.6
4.7
181.4
42.3
64.4
2.3
1, 202. 1
75.9
813.5
97.6
533. 5
93.0
195.2
8.2
233.5
44.8
117.7
3.4
1 176.4
79.8
754.0
97.6
541.7
127.0
198.5
6.8
230 8
50.3
106.1
3.3
82.3
56.2
13.0
42.0
15.2
.7
49.4
10.9
8.2
5.3
41.7
80.9
69.6
80.9
47.4
83.4
53.2
17.8
56.8
12.8
.7
46.3
7.1
15.0
3.3
25.5
74.2
51.6
39.8
24.0
89.8
57.6
24.1
53.9
11.7
.8
48.6
3.3
10.4
4.5
42.4
76.2
55.8
45.6
25.0
88.9
55.9
12.4
38.7
13.5
.8
49.1
•6.4
10.4
4.4
42 0
75 7
42 4
47. 1
23.5
88 9
56 8
14 9
40 5
12.6
4.09
4.43
1.90
2.55
2.63
2.73
3.92
4.19
1.90
2.58
2.63
2.73
3.88
4.13
1.90
2.55
2.64
2.84
3.92
4.18
1.90
2.55
2.64
2.84
3.92
4.18
1.89
2.64
2.64
2.84
3.92
4.19
1.91
2.65
2.60
2.84
3.94
4.21
1.91
2.65
2.60
2.84
3.95
4.22
1.91
2.67
2.63
2.84
3.96
4.22
1.91
2.69
2.64
2.88
3.96
4.22
1.91
2.69
2.64
2.88
3.96
4.22
1 92
2.71
2.64
2.87
3.95
4 20
1 92
2 81
2.68
2 87
3.95
4 18
1 92
2 85
2.68
2 88
67.97
72.07
32.94
39.79
67.80
71.48
33.26
39.97
69.94
74.24
33. 85
40.00
70.90
75. 09
34.42
42.26
68.39
72.00
34.41
41.59
71.35
75.63
34.73
45.28
68.29
71.73
33.97
43.80
69.96
73.59
34.57
45.49
72.61
77.01
34.65
47.68
73.47
78.01
35.09
47.97
72.57
76 52
36.15
47.70
71.09
74 58
36. 34
46.57
71.02
74 35
36 25
46.43
6.02
Yield (200 stocks)
percent
6.15
Industrial (125 stocks)
do._.
5.77
Public utility (24 stocks)
do
6.41
Railroad (25 stocks)
_ do. ..
4.
77
Bank (15 stocks)
do
3.44
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
4.19
(Standard and Poor's Corp.)
_ percent- _
Prices:
97.82
Dow-Jones & Co., Inc. (65 stocks) -dol. per share-269. 73
Industrial (30 stocks)
__
_ - - . do
46.04
Public utilitv (15 stocks)
do
84.25
Railroad (20 'stocks)
..
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad: §
185.0
Combined index (480 stocks) - _ . 1935-39=100. _
202.3
Industrial, total (420 stocks)
do
193.3
Capital goods (129 stocks) _
do_ _.
171.4
Consumers' goods (195 stocks)
do
115.2
Public utility (40 stocks)
..do ..
154. 7
Railroad (20 stocks)
__
do
106.4
Banks N Y. C. (16 stocks)
-do
191.0
Fire and marine insurance (17 stocks)
do
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
2, 045
Market value
mil. of dol
85, 294
Shares sold
.thousands..
On New York Stock Exchange:
1,714
Market value
- mil. ofdol.
60, 208
Shares sold
thousands
Exclusive of odd lot and stopped sales
42, 531
(N. Y. Times)
_ thousands..
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of dol_. 106, 439
2,592
Number of shares listed
millions
5.78
5.86
5.71
6.45
4.64
3.47
5.55
5.56
5.61
6.38
4.45
3.47
5.53
5.57
5.52
6.03
4.41
3.38
5.73
5.81
5.49
6.35
4.50
3.41
5.49
5.54
5. 50
5. 85
4.41
3.37
5.77
5.87
5.62
6.05
4.58
3.41
5.65
5.73
5.53
5.87
4.57
3.30
5.45
5.48
5.51
5.64
4.56
3.18
5.39
5.41
5.44
5.61
4.52
3.21
5 46
5.51
5 31
5.68
4.39
3.15
5 56
5.63
5 28
6.03
4 23
3.18
Price per share, end of month (200 stocks) ._do
Industrial (125 stocks)
do
Public utility (24 stocks)
._
do . Railroad (25 stocks) .
_.do
8.09
2.44
12.94
6.68
2.47
5.61
6.50
2.49
5.75
1 158 3
77 7
754 9
95 0
4.23
4.28
4.26
4.22
4.16
4.07
4.04
4.04
4.09
4.12
4.12
4.16
96. 73
266. 09
46.72
82.30
99.39
271.71
48.61
84.81
98. 31
265. 19
48.87
85.05
100. 02
264.48
49.80
89.55
100. 24
262. 55
49.13
92.19
100. 87
261. 61
49.29
94.61
104. 26
268. 39
49.81
100. 30
106. 25
276. 04
49.86
101. 85
107.10
276. 70
50 75
102. 95
105.29
272.40
50 30
100. 43
103. 92
267 77
49 59
99 83
177.7
193.3
182.6
164.6
114.7
144.2
109.0
186. 3
182. 5
199.1
189.4
167.6
115. 5
150. 5
110.2
192. 0
186.9
204.3
192.4
169.2
117.0
155. 4
115.4
197.6
183.2
199.2
184.7
165. 9
117. 5
155. 0
114.5
196.9
185.3
201. 4
184. 4
167.2
117.7
161. 3
113.3
199.6
183.7
199.4
180.7
166.3
116.7
164. 6
110.9
198.4
183.7
199.2
181.7
166.1
117.1
166.9
111.1
203.7
187.6
203.9
186.9
168.8
116.2
173.7
111.6
211.7
192. 1
209.7
192.7
173.5
116.9
175. 2
112.8
215.4
191.1
207.8
191.4
174.8
118.6
175.3
114.7
215.4
188.2
204.2
187.6
172.8
118. 5
171. 1
117.6
214.5
183.4
198 4
182. 6
169.5
117.4
166 9
120.1
215.2
1,413
65, 122
1, 501
63, 170
1,922
71,188
1,598
62, 651
1,451
64, 450
1,647
66,676
1, 262
59, 431
1,285
56, 845
1,317
61, 433
1 154
41, 576
1 198
48, 989
1 316
62, 389
1,196
47, 449
1,279
44, 886
1,618
49, 431
1,351
42, 296
1, 219
43, 464
1,373
41, 601
1,077
43, 060
1,098
42, 325
1,122
45, 916
978
29, 433
1,012
35 165
1,121
47 653
25, 677
30, 083
37, 141
27, 195
29, 513
28, 963
23, 586
25, 516
24, 115
20, 905
24, 135
25. 981
106, 309
2, 604
109, 484
2,616
111,580
2, 627
108, 471
2,634
113,099
2,644
107, 848
2,661
110,690
2,691
114, 489
2,706
115,825
2,728
114, 506
2,736
112, 633
2,769
112,152
2 773
do
do
do
do
3,593
2,645
111
837
Balance on goods and services
_ _
do
+1, 927
Unilateral transfers (net) , total
Private
Government
__
do
do
do
r
r
5,310
4 167
422
721
5, 520
4 130
670
720
Imports of goods and services, total
Merchandise, adjusted
Income on foreign investments in U. S
Other services
r
3
r
855
2, 962
89
r
804
4 613
3 407
466
740
r
3 867
' 2,
844
r
109
r
914
3 910
2, 69r)
99
1,121
T
+1, 450
+703
— 1, 204
— 114
-1,090
-916
—96
—820
r
—1,328
T —94
—1, 234
—1,262
—86
—1,176
U S . long- and short-term capital (net) , total do
Private
do
Govern merit
do
—502
—422
-80
-375
—235
— 140
r
r
T
—729
—519
—210
—212
—15
—197
Foreign long- and short-term capital (net)
+404
+173
r
+508
+716
Increase (— ) or decrease (+ ) in U. S. gold stock
mil of dol
-709
T
5, 317
4r 088
454
r
775
+1, 455
do
r
— 555
+84
Errors and omissions
do
'+218
r
v
Revised.
Preliminary.
^Revisions for dividend payments for January-March 1951 will be shown later.
§Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
56
62
30
14
29
15
94.44
259. 61
46.22
79.73
BALANCE OF PAYMENTS (QUARTERLY)
mil. of dol
do
do
do
5
5
5
6
4
3
"6.35
P 2 60
P 7 90
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
Exports of goods and services, total
Merchandise adjusted
Income on investments abroad
Other services
522 7
99 0
201 9
81
r
—104
+7
••+233
+48
SURVEY OF CURRENT BUSINESS
December 1952
Unless otherwise stated, statistics through.
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-21
1952
1951
October
November
December
January
February ,
March
April
May
June
July
August
September
October
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise:
Quantity
1936-38=100
Value
do
Unit value _
__
-do
Imports for consumption:
Quantity.-do. __
Value
do
Unit value __ _
do
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
_ 1924-29 = 100
Adjusted
_do
Total, excluding cotton:
Unadjusted
do
Adjusted
__^
do
Imports for consumption:
Unadjusted _ _ _ _
do
Adjusted
- * ._ do_ _
232
469
202
279
565
203
281
586
208
247
509
206
262
542
207
279
578
207
262
544
208
287
595
208
231
473
205
199
411
206
214
435
203
242
495
205
141
425
301
135
403
298
131
390
299
149
446
300
147
440
298
157
474
302
154
456
296
142
411
290
145
418
289
143
407
284
140
398
283
151
430
284
117
81
136
103
148
116
129
123
125
151
121
143
95
120
104
129
81
110
56
75
65
73
77
62
113
149
158
138
157
141
157
163
164
207
178
213
139
169
159
181
121
148
102
130
112
112
117
93
102
103
102
108
93
92
121
116
120
118
122
110
118
112
104
106
107
116
101
113
108
117
111
116
10, 605
7,873
9,400
6,899
8,309
6,322
8,473
7,705
7,346
6,894
8,207
7, 338
8,211
7,673
9,463
8,061
Shipping Weight
Water-borne trade:
Exports incl reexports f
thous. of long tons
General imports
._ - do
r
8,450
8, 109
r
6, 970
' 7, 685
Value
Exports including reexports, total ^
mil. of dol
By geographic regions:
Africa
thous. of dol
Asia and Oceania
__
_do__
Europe
do
Northern North America
_ _ -do
Southern North America
do
South America
_
do
Total exports by leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
British Malaya
•__ _do_
ChinaO
do
India and Pakistan
do _
Japan
do
Indonesia _ __
do
Republic of the Philippines ._
do _
Europe:
France
-- do
Germany
do
Italy
_do
Union of Soviet Socialist Republics
do
United Kingdom
__
do
North and South America:
Canada
._
do
Latin-American Republics, total
do
Argentina
do
Brazil
do
Chile
do
Colombia
do
Cuba
.
__do_ ..
Mexico
do
Venezuela
_
do
1,152
1,387
1,438
1,252
1,335
1,421
1.337
1.466
1,164
1,015
1,072
34, 204
182, 733
346. 768
214, 669
131, 270
133, 844
46,390
271, 537
377, 369
208, 175
155, 995
187, 113
51, 379
294, 444
439, 696
180, 642
155, 186
205, 633
48, 346
223, 430
386, 044
192, 422
136, 435
152, 748
55, 557
258, 238
340, 248
203, 736
151, 888
188, 542
71, 799
238, 846
373, 171
227, 215
159, 127
200, 362
58, 616
220, 724
272, 795
242, 089
147, 395
175, 944
50, 757
227, 161
313, 810
264,760
157, 216
174, 466
44,050
185, 467
250, 342
249, 278
137. 015
139, 958
34, 408
145, 877
173. 967
210, 072
138, 970
131, 629
41 419
150, 310
198 278
219, 462
124 740
135, 988
38 714
147 406
222 051
245, 681
123 657
139, 439
7,534
13, 859
5,609
18, 897
4,033
21,503
7,718
22, 166
5,757
17, 524
7,521
29,070
10, 320
20, 825
5,015
19, 522
4,419
17, 738
3,564
13, 175
5,563
14 291
6 742
15 085
14, 304
3,648
0
41, 422
41, 128
7,177
27,044
24, 673
5,139
0)
78. 027
58, 166
12. 412
32, 579
26, 026
5,047
0
82, 097
55, 251
12.606
41, 028
19, 368
3,884
0
69, 625
44, 693
10, 343
23,045
17, 352
4,002
0
78, 827
51. 988
11, 800
25,543
20, 973
3,792
0
66, 817
51, 065
12, 455
25, 275
17, 362
3,215
0
47, 376
64,035
9,971
21, 225
14, 430
3,240
0
37, 951
78, 114
10, 046
21, 404
11, 583
1,714
0
29, 040
56, Oil
9,267
25, 780
10, 128
3,129
0
18, 205
34, 138
12, 756
23, 020
7 922
2 171
12 222
2 900
14
42
10
22
33, 193
44, 727
24, 825
0)
99, 809
40, 812
47, 482
34, 722
0
96, 012
48, 341
55, 299
44, 122
5
103, 044
41, 079
63,151
41, 611
5
78, 569
29,283
47, 137
41. 971
2
75, 810
43, 142
40, 801
48, 362
2
87, 006
34, 349
22, 132
37, 398
2
57,632
36, 328
31, 191
48, 893
0)
54, 608
27, 977
27, 715
49, 496
3
41, 522
16, 917
20, 148
19, 267
0)
32, 695
18 991
36 327
17 192
(i)
33 716
214, 623
252, 864
13, 904
51, 822
7,647
13, 191
39, 912
62, 726
27,636
208, 174
327, 355
21, 558
71, 073
12, 641
18, 949
48, 993
62, 891
40, 122
180, 641
342, 788
18, 878
81, 924
19, 346
20, 256
44, 168
63,502
39, 235
192, 422
274, 314
14, 750
57, 904
10, 460
15, 722
39, 866
55, 840
33, 666
203, 736
323, 981
14, 143
75, 328
12, 094
20, 957
49, 427
56, 992
43, 400
227, 196
343, 583
15, 138
74, 784
15, 125
20, 843
48, 697
65, 611
47, 156
242, 081
306, 026
13, 211
65, 575
11,083
18. 349
44, 035
58, 987
44, 977
264, 698
314, 096
13, 398
57, 825
12, 218
21, 231
43, 821
65, 843
44,537
249, 028
259, 504
9,156
43, 231
8,287
17, 904
40,983
56, 103
42, 148
210, 009
253, 782
7,730
40, 082
8,171
18, 172
45, 014
52, 435
38, 451
219 391
246 061
16 561
35 359
8 054
20 582
36 946
49 291
35 387
o
646
515
762
317
1 217
o
13
40
9
21
914
164
964
383
21 654
S3 249
18 607
(i)
50 950
245
248
13
29
10
17
39
46
47
671
588
761
788
412
637
463
181
728
1,145
1,377
1,428
1,240
1,322
1,408
1,327
1,451
1,152
1,003
1,061
1 207
272, 782
98, 249
61, 709
127, 285
584, 538
299, 513
109, 339
73, 422
148, 106
746, 421
336, 272
109, 195
69, 724
161, 459
751, 674
255, 504
128, 094
60, 466
137, 139
658, 692
228, 038
130, 213
74, 109
139, 260
750, 303
188, 038
176, 398
64, 346
160, 116
819, 341
157, 558
137, 995
56, 354
161, 789
813, 072
157, 579
151, 944
68, 541
153, 893
919, 525
142, 627
102, 165
58, 618
129, 620
719, 150
87, 049
72, 353
59, 376
108, 167
675, 614
114 755
79, 566
48, 961
115 362
701,977
147 010
79, 157
50,460
124 369
806, 082
349, 603
116, 856
21, 332
103, 925
16, 292
60, 985
415, 986
165, 771
20, 978
119, 634
24, 724
46, 000
460, 168
213, 167
20, 540
115. 574
27, 657
43, 939
377, 196
148, 899
20, 141
130, 256
27, 048
25, 886
378, 434
132, 039
19, 473
146, 557
26, 936
23,684
372, 263
94, 195
19,383
183, 533
23, 498
21, 324
296, 338
73, 752
18, 261
145, 176
16, 303
14,644
317, 504
68, 084
22, 242
165, 833
14, 666
21, 879
243, 173
55, 740
24, 857
107, 312
12, 144
20, 087
169, 534
10, 287
20,634
84, 668
13, 414
21, 070
186 086
21, 048
18, 789
82 284
T
14 369
28,160
220 016
50,569
16 818
89 237
10 706
35, 629
Nonagricultural products, total.
__do
Automobiles, parts, and accessor ies§cf do
Chemicals and related productscfdo
Coal and related fuels* _
do
Iron and steel-mill products
do _ _
794, 958
75, 819
71, 246
71, 653
45, 973
960, 816
97, 906
90,358
61, 365
56, 445
968, 157
99, 081
89, 030
52, 262
67, 534
862, 698
77, 987
76, 200
58, 747
62, 802
943, 489 1, 035, 976 1, 030, 429 1, 133, 978
104, 987
109, 788
101, 234
104, 080
69, 503
80,859
78, 664
68, 266
45, 331
44, 868
43, 128 r 48, 512
62, 168
74, 883
78, 382
71, 770
909, 007
89, 248
65, 073
48, 016
50,779
833. 025
69, 854
60, 313
38, 398
29, 866
874, 534
55, 944
62, 549
44, 549
41 410
987, 061
67, 809
60,728
41, 334
55 825
Machinery, total §cf
__do
Agricultural
_ . __do
Tractors, parts,
and
accessories!
do
Electrical id1
do
Metalworking
...do
Other industrial cf
__ do _
171, 959
9,431
22, 294
36, 481
12, 059
82, 152
214, 356
9,574
24, 406
47, 227
17, 391
103, 476
237, 952
10, 557
28, 477
49, 002
18, 303
118, 798
214, 603
10, 818
27, 251
42, 731
19, 764
104, 267
243, 726
12, 332
29, 740
52, 645
20, 287
116, 625
231, 876
15, 728
27, 689
51, 568
20,605
107, 408
212, 764
13, 394
20, 633
48^ 731
20, 025
101 569
204 495
13, 102
15, 741
49 137
20, 251
98 790
197 191
8 003
14,549
48 367
21, 736
95 390
Exports of U. S. merchandise, totalf.. mil. of dol__
By economic classes:
Crude materials
thous. of dol
Crude foodstuffs
do _
Manufactured foodstuffs and beverages__do
Semimanufactures 9
do
Finished manufactures 9
do
By principal commodities:
Agricultural products, total
do
Cotton, unmanufactured ___
do
Fruits, vegetables, and preparations do
Grains and preparations
do
Packing-house products
do
Tobacco and manufactures*
do
264, 465
13, 872
34, 684
53,875
23, 550
126, 394
238, 860
13, 927
30, 698
51, 155
21, 275
111, 879
264, 374
14, 543
34, 118
56, 299
23, 302
125 740
69,763
74, 343
65, 018
73, 278
74, 137
70 074
71 352
70, 896
64,207
63 018
Petroleum and products
do
60 502
64 260
49, 742
72, 721
56, 162
53,894
69, 591
59, 900
42, 697
Textiles and manufactures
do
50,822
48, 051
57, 290
69,960
50,630
Revised.
* Less than $500.
^Total exports and various component items include shipments under the Mutual Security Program as follows (mil. dol.): October 1951-September 1952,
respectively—58.8; 84.1; 59.6; 65.0; 82.0; 96.9; 153.7; 225.9; 112.0; 129.2; 159.9; 244.0.
Beginning July 1950, certain items classed as "special category" exports, although included in total
exports, are excluded from water-borne trade and from area and country data.
©Including Manchuria beginning January 1952.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
*New series. Data prior to August 1951 will be shown later.
§Excludes "special category" exports not shown separately' for security reasons.
cTData beginning January 1951 have been adjusted to conform to the 1952 revision of the export schedule.
r
SUKVEY OF CURKENT BUSINESS
S-22
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
1951
October
November
December 1952
1952
December
January
February
March
April
May
July
June
August
September
October
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES— Continued
FOREIGN TRADE—Continued
Value— Continued
General imports total
thous. of dol
By geographic regions:
Africa
do
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea . do
British IVTalaya
do
China©
do
India and Pakistan
do
Japan
do
Indonesia
do
Republic of the Philippines
do
Europe:
France
do
Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
Latin-American Republics, total
do
Argentina
do
Brazil
do
Chile
_do
Colombia
do
Cuba
do
Mexico
__
_ _
do
Venezuela
do
Imports for consumption, total
do
By economic classes:
Crude materials
do
Crude foodstuffs _ _
do
Manufactured foodstuffs and beverages do
Semimanufactures
__ _
do
Finished manufactures
do
By principal commodities:
Agricultural products, total
do
Cocoa or cacao beans, incl. shells*
do
Coffee
do
Hides and skins
do
Rubber crude, including guayule
do
Sugar
do
Wool and mohair unmanufactured
do
Nonagri cultural products, total
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
total
thous. of dol
Copper, incl ore and manufactures do
Tin, including ore.. _ .
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do __
833, 561
818, 544
800, 629
921, 887
892, 033
963, 299
932, 854
834, 771
860, 240
836, 043
816, 958
877, 352
40, 388
143, 743
147, 880
218, 308
90, 176
193,065
37, 775
146, 718
157, 334
199, 688
88, 337
188, 693
34, 967
151, 799
153, 046
190, 085
93, 283
177, 449
68, 408
172, 689
176, 237
186, 971
127, 202
190, 380
68, 605
182, 938
153, 682
177, 268
131,474
178, 065
76, 649
205, 720
169, 576
195, 583
137, 915
177, 856
56, 085
203, 049
174, 429
189, 792
135, 787
173, 712
43, 370
168, 924
149, 273
195, 517
129, 294
148, 392
54, 123
181,317
159, 892
210, 970
107, 033
146, 905
47, 234
157,056
156, 770
191, 404
99, 374
184, 204
35, 249
160, 944
147, 708
183, 408
90,054
199, 595
30, 281
150, 032
170, 650
206, 652
85, 695
234, 043
660
9,712
812
11, 078
1,063
6,529
16, 453
11, 844
18,907
10, 052
14, 179
12, 833
2,973
8,994
2,367
7,809
766
8,652
7,548
8,275
2,460
7,777
423
8,287
14, 919
27, 867
1,136
19, 945
14, 373
19, 389
17, 383
9,616
26, 479
2,719
19, 134
15, 645
17, 297
15, 882
22, 486
16, 907
4,725
19,317
14, 233
20, 075
15, 858
8,518
38, 434
4,902
22, 437
17, 466
29, 704
14, 626
16,605
39, 094
5,068
28, 069
14, 520
23, 281
17, 213
12, 293
65, 314
4,911
22,905
18, 540
21, 921
21, 284
21, 916
42, 297
3,699
27, 422
14, 932
28, 098
16, 624
15, 676
27, 839
2,336
25, 352
16,064
23, 445
22, 348
10, 459
32, 890
1,663
22, 873
16, 984
29, 120
26, 801
10, 814
21, 013
1,424
25, 296
18? 957
18, 856
25, 973
8,771
23, 100
1,099
26, 374
17, 985
24, 676
23, 484
9,302
21, 632
590
24, 231
23, 629
18, 914
19,024
15, 489
20, 123
8,912
3,311
33, 438
13, 587
17, 003
12, 364
3,130
40, 318
15, 172
14,811
12, 979
2,251
35, 446
20, 351
17, 682
11, 242
1,150
39, 017
15, 020
16, 009
13,019
506
31, 128
13, 940
16, 434
12, 593
3,139
39, 961
14.010
14, 949
12, 371
2,220
47, 267
11, 202
15, 936
10, 679
805
43, 422
13, 159
15, 661
12, 576
1,611
37, 635
12, 684
17, 099
12,412
1,508
40, 374
12, 486
16, 668
12, 552
1,241
35, 332
11, 765
19, 133
10, 998
1,617
42, 995
217, 924
264, 914
6,643
83, 476
18, 437
34, 257
35, 509
26, 428
30, U9
872, 365
199, 672
260, 008
6,843
89, 611
18, 197
34, 611
31, 244
27, 152
25, 822
827, 181
190, 080
249, 596
7,912
85, 000
11, 693
36, 596
13, 325
32, 850
27, 014
800, 223
186, 970
293, 779
8,294
69, 839
22, 246
42,011
30, 577
41, 284
34, 098
914, 588
177, 265
288, 100
7,309
80, 426
13, 502
33, 950
32, 473
36, 177
30, 222
901, 437
195, 485
292, 942
9,945
74, 507
20, 292
28, 329
41,927
39, 686
31, 027
971, 397
189, 682
290, 462
10,900
66, 865
15, 124
28, 071
47, 531
37, 497
35, 694
936, 120
195, 514
257, 240
9,208
48, 216
16,290
21, 697
57, 131
32, 836
32, 936
843, 220
210, 425
237, 953
12, 178
49, 431
13, 102
24, 246
40, 437
30, 800
32, 131
857, 259
190, 757
268, 683
15, 100
49, 574
22, 453
33, 176
36, 730
25, 755
32, 731
835, 114
182, 942
278, 508
11,328
63, 144
31,195
35, 704
42, 347
26, 401
31, 717
815, 445
205, 855
306, 621
16, 441
88, 896
36, 518
36, 324
37, 109
25, 989
34, 804
882, 131
257, 026
167, 293
93, 550
192, 737
161, 758
213, 085
185, 180
80, 746
183, 283
164, 887
216, 242
187, 554
58, 588
183, 533
154, 304
269, 095
193, 714
79, 253
204, 964
167, 563
270, 459
207, 041
75,511
185, 931
162, 495
300, 390
194, 068
92, 714
215,678
168, 547
293, 547
172,612
91,061
206, 379
172, 522
231, 668
135, 926
105, 828
203, 498
166, 299
243, 288
149, 603
94, 516
199, 645
170, 207
213, 860
149, 360
97, 012
199, 799
175, 083
209, 826
144, 482
97, 640
201, 379
162, 117
205, 857
177, 241
102, 381
220, 500
176, 152
389, 731
4,013
117, 024
9,764
52, 906
30, 207
42, 153
482, 634
7,515
379, 218
10, 378
127, 046
5,828
54, 489
24, 379
30, 583
447, 963
5,899
360, 194
10,533
138, 847
5,154
43, 997
7,566
35, 215
440, 029
9,536
436, 838
19, 274
134, 147
5, 493
80, 393
25, 749
37, 906
477, 750
6,571
439, 197
17, 071
153, 943
4,026
73, 821
29, 394
33, 648
462, 240
6,352
435, 698
20, 992
138, 108
4,238
80, 730
43, 382
33, 850
535, 699
8,079
408, 335
17, 900
115,485
6,223
75, 927
41,832
37, 711
527, 785
7,767
353, 198
21, 291
76, 128
4,496
49, 046
50, 893
31, 579
490, 022
6,500
344, 843
22, 303
82, 679
6,532
52, 132
43, 653
23, 339
512, 416
7,293
328, 522
10, 161
95, 442
5, 832
32, 558
43, 724
27, 645
506, 592
7,168
337, 172
6,871
99, 124
5,298
40, 999
44, 526
24,060
478, 273
5,790
360, 598
6,344
126, 550
3,935
30, 996
40, 161
25, 086
521, 533
4,924
70, 427
23, 346
14, 287
36, 403
50, 009
51, 081
59, 750
21,799
4, 156
31, 033
47, 951
48,415
65, 183
19, 859
7,871
30, 483
44, 799
48, 103
65, 581
28, 625
2,552
33, 477
42, 230
60,458
78, 895
22, 774
5,244
31, 727
43, 246
53, 717
132, 381
27, 391
22, 370
29, 326
44, 960
55, 321
129, 090
24, 906
31,076
24, 649
45, 587
60, 156
116, 138
21, 763
22, 384
25, 569
44, 484
58, 290
122, 110
20, 857
34, 388
24, 703
50, 938
55, 079
126, 292
41,986
32, 037
21, 546
50, 191
53, 913
109, 014
42, 836
28, 282
23, 718
47, 359
51, 754
114, 538
47, 940
23, 344
26, 390
49, 899
52, 230
32, 274
34 058
17,815
18, 341
11,442
11, 700
5,527
5,109
1,831
2,062
973, 389 1, 116, 764
36 475
36 612
35 566
TRANSPORTATION AND COMMUNICATIONS
TR AN SPORT ATION
Airlines
Operations on scheduled airlines:
Miles flown revenue
thousands
Express and freight carried . _ _ __shorttons.
Express and freight ton-miles flown __ thousands _ _
Mail ton-miles
flown
do
Passengers carried revenue
do
Passenger-miles flown, revenue
_ _ _ _ do
12, 203
5,717
1,895
919, 952
30, 290
17, 783
11,492
5,993
1,664
812, 028
30, 973
19, 121
12, 444
7,966
1,571
834, 298
32, 221
18, 484
11,911
5,871
1,576
851, 723
30, 896
16, 269
11, 734
5,688
1,520
799, 871
33, 363
19, 142
13, 039
5,681
1,733
926, 746
33, 887
19, 247
12, 887
5,649
1,889
994, 729
thous. of dol
do
18, 273
18, 725
22, 746
20, 143
20, 061
20, 090
19, 982
37
65
44
77
97
46
19
*5
cents
millions
thous. of dol
10. 6813
1,100
130, 200
10. 7032
1,068
127, 800
10. 8224
1,099
139, 200
10. 8808
1,072
128, 500
11. 0560
1,006
123, 900
11. 0852
1,062
126, 500
11.1922
1, 053
129, 400
11. 2579
1,050
128, 300
118, 000
3, 479
3,155
3,522
2,828
2,886
3,624
2,912
3,677
642
66
175
760
82
198
627
66
165
587
65
172
2,608
653
64
686
79
218
498
53
175
607
68
201
478
22
179
32, 144
19, 106
11,612
5,115
2 012
r
1,081,742
12, 475
13, 720
5 201
5 225
2 140
2 128
r
1,142,731 1, 121, 868
Express Operations
19, 958
19 505
d
4
19 793
(i)
20 561
56
11.4477
921
117 300
11 7810
919
121 800
11 9148
975
119 000
11 9465
1 048
2,236
3 882
317
613
15
58
r
!90
170
243
195
240
197
210
219
234
162
204
255
232
263
51
34
46
33
73
37
36
42
26
24
42
118
70
76
202
105
211
312
403
96
447
44
263
294
285
331
304
377
297
350
278
257
364
r
1,405
1,747
1,463
1,524
1, 665
1,888
1,480
1,803
1.298
1.155
1.852
f
d
Revised.
Deficit.
* Less than $500.
GIncluding Manchuria beginning January 1952.
*New series. Data prior to August 1951 will be shown later.
cPData for December 1951 and March, May, and August 1952 are for 5 weeks; other months, 4 weeks.
3 363
636
57
179
187
49
387
289
1.579
3 294
439
58
178
221
66
357
302
1.673
Operating revenues
Operating income
19 592
2
Local Transit Lines
Fares average cash rate
Passengers carried, revenue
Operating revenues
11 3820
962
Class I Steam Railways
Freight carloading (A. A. R.):c?
Total cars
Coal. _
Coke
Forest products
Grain and grain products
Livestock
Ore
Merchandise, 1 c. 1
Miscellaneous
thousands
do
do
do _
_
_._do
__
do
do
do
do
r
SUKVEY OF CURRENT BUSINESS
December 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S 23
1952
1951
October
November
December
January
February
March
April
May
June
July
August
Septem-
October
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class I Steam Railways—- Continued
Freight carloadings (Federal Reserve indexes i :
Total unadjusted
1935-39—100
Coal
do
Coke
- - --- _-do_ _Forest products
do
Grain and grain products
do
Livestock
__
__do _
Ore
do
Merchandise,! c 1 -- -- - _ - - _
do_ _
Miscellaneous
do
Total adjusted
__.do_ _
Coal
do_ _
Coke
do
Forest products
-_.do_ _
Grain and grain products
do
Livestock
- _. -_ do_ _
Ore
- -- do
Merchandise 1 c 1
do_
Miscellaneous
- _- - do
Freight-car surplus and shortage, daily average:
Car surplus total
number
Box cars
- -- do
Gondolas and open hoppers
do
Car shortage total
do_
Box cars
do
Gondolas and open hoppers
do_
Financial operations:
Operating revenues total
thous. of dol .
Freight
- - - do. _
Passenger
do
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous of dol
Net railway operating income
do
Net in comet
-_
do. _.
Operating results:
Freight carried 1 mile_ ._
mil. of ton-miles. _
Revenue per ton-mile
cents
Passengers carried 1 mile revenue
millions
146
134
202
152
154
128
267
48
157
140
140
218
149
156
88
174
47
149
123
127
216
128
135
65
73
43
134
128
133
214
139
146
64
64
44
138
126
120
203
140
137
57
69
47
140
124
111
198
141
128
53
75
48
142
123
103
163
142
115
65
195
47
139
124
101
178
131
116
59
292
45
138
111
96
68
144
165
45
82
44
122
104
75
56
147
183
45
73
43
116
129
101
154
157
145
61
323
46
141
145
135
187
151
138
93
352
48
155
138
93
185
146
157
117
314
48
158
135
134
206
144
154
83
180
46
144
137
140
218
152
159
70
180
46
144
133
127
206
144
143
68
235
44
142
141
133
203
155
146
67
256
46
151
136
120
192
146
140
72
277
49
149
133
111
196
141
139
66
257
47
149
126
103
166
142
130
73
212
46
141
122
101
179
126
132
66
212
45
137
108
96
69
139
161
56
53
44
119
102
75
57
146
153
56
46
43
115
125
101
160
149
134
65
216
46
140
134
135
189
140
123
70
235
45
144
127
93
188
139
157
76
211
46
145
2,593
3,375
7,855
1,456
298
3,889
1,201
2, 336
8,185
1,012
2,084
3,992
1,747
1,550
2,161
1,516
2,621
845
993
17, 100
4,108
3,339
1,874
365
857
24, 363
11, 153
2,554
2,296
704
959
28, 136
14, 669
6,372
2,933
1,865
717
40, 311
7,477
26 642
2,070
1,490
448
17, 418
2,114
7,888
6,156
2,448
3,429
5,693
203
4
8,586
2,459
5,311
11, 255
3,396
1,859
3,906
1,430
2,014
9,264
86
19
19, 045
6,235
10, 168
8,914
25
6,996
14, 194
8, 235
5,169
965, 552
816, 182
71, 129
699 508
903, 864
743, 296
71, 795
672, 482
902, 695
689, 298
88, 238
649, 044
867, 034
712, 906
82, 343
685, 369
844, 966
704, 301
73, 470
649, 687
875, 471
729, 286
74, 077
675, 135
847, 478
702, 145
71, 906
667, 433
870, 315
720, 138
75, 955
676, 418
814, 338
663, 869
81, 702
645, 934
790, 718
644, 792
80, 482
634 398
899, 734
744, 841
663, 360
942, 139
796, 010
70, 581
674, 577
144,144
118, 479
135, 172
150, 661
115, 598
66, 067
41,364
119, 385
75, 895
49, 244
123, 697
76, 639
50, 239
107, 732
72, 313
45, 341
110, 927
82, 970
97,840
136, 373
95, 008
68, 058
54,342
100, 529
67, 875
48, 988
95 357
60, 963
35, 469
131, 334
104, 939
78, 155
146, 650
120, 913
94, 456
61, 838
1.374
2,718
56, 740
1.369
2,697
52, 664
1.372
3,354
54, 700
1.367
3,089
54, 089
1.370
2,697
55, 949
1.372
2,759
52, 147
1.412
2,684
54, 557
1.393
2,802
47, 293
1.475
3,065
44, 817
1 524
3 076
56, 949
1.377
3,133
58, 213
1.430
2,696
9,632
9,343
5,470
3,873
8,197
4 690
3,508
8,348
4,688
3,660
7,837
4,696
3,141
8,839
5,389
3,449
2,571
907
2,915
1,205
2,637
3,115
1,130
2,979
2,948
1,035
1,188
1,256
2 649
762
2,511
909
2,888
1,004
2,619
1,011
3,039
1,289
1 148
3,261
1,236
6.79
85
244
6.83
77
243
6.18
65
218
6.37
77
242
6.39
79
240
6.24
77
225
6.74
79
251
6.20
78
266
6.70
79
260
* 6.39
72
237
7.15
76
255
6.91
78
251
7.13
83
259
64,724
46,549
51, 315
44, 084
1,606
28, 347
18, 364
353
53, 587
52, 188
1,628
26, 501
17, 592
216
50, 857
54,537
1,661
24, 862
27, 374
232
61, 682
71, 370
1,417
19, 205
31, 638
299
65, 249
68, 599
1,439
23, 897
44, 164
346
61, 610
72, 209
1,518
20, 431
48, 658
559
58, 893
79, 967
1,704
18, 898
51, 528
1,075
76, 484
109 740
1 744
18 361
45, 330
2 455
88 798
111 036
34 150
4 008
29, 361
4 270
25 062
1 603
21, 497
982
985
716
9,074
718
9,113
121, 900
80,548
331
113
12, 028
3,822
7,691
Waterway Traffic
Clearances, vessels in foreign trade :§
Total U S ports
thous. of net tons
Foreign
do
United States
do
Panama Canal:
Total
thous. of long tons
In United States vessels
do
5,815
3,817
2,729
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
percent of total
Restaurant sales index
same month 1929= 100. .
Foreign travel:
U. S. citizens, arrivalscT --- ..number _
U S citizens, departures^
do
Emigrants
do
Immigrants
_
do
Passports issued ._ . .do. _ _
National parks, visitors _
__
thousands
Pullman Co.:
Revenue passenger-miles.
_ _ . millions
Passenger revenues
thous. of dol..
r
1,834
25, 847
19, 602
842
794
788
12,072
886
10, 808
867
10, 655
763
9,579
780
9,531
762
9,663
9,343
9,446
809
10, 145
682
8 618
thous. of dol. _
do_ __
. do .
335, 579
194, 221
117, 636
334, 449
196, 380
113, 990
341, 381
199, 422
117, 526
339, 151
198, 907
115, 814
332, 063
196, 952
110,319
345, 353
202, 195
118, 143
343, 596
203, 861
114, 762
352, 525
205, 171
121, 895
351, 732
206 102
119 781
351 597
204 358
120 635
do
do .
thousands..
238, 005
40, 279
235, 785
39, 647
40, 451
242, 793
40, 855
40, 679
240, 030
39, 077
40, 127
231, 914
39, 702
40, 314
238, 954
42, 437
40, 516
234 873
43, 627
40, 662
248 667
41, 238
40,847
245 862
42 238
40, 966
258 743
37 140
41, 105
17, 173
15, 009
1,395
16, 120
14, 679
720
17, 423
15, 548
1,317
16, 789
15, 191
717
15, 875
14, 328
716
16, 801
14, 923
1,016
10, 384
12, 894
15 839
14, 544
474
15 847
15, 101
<*5,698
*47
15,633
14, 883
<*22
2,366
2,235
2,448
1,73C
517
2,114
1,733
192
1,759
274
2,155
1,702
251
2,250
1,669
378
2,199
1,752
236
2,237
1,665
509
2 081
1,766
105
2 164
1,880
60
2,101
1,798
91
2,569
2,022
2,532
2,036
2,510
2,013
372
2,592
2,094
2,433
2,066
2,546
388
252
2 517
2,056
340
2 585
2 084
388
2,038
388
2,726
2,156
495
2,669
2,099
441
COMMUNICATION S
Telephone carriers :0
Operating revenues
Station revenues.
Tolls, message
._
Operating expenses, before taxes.
Net operating income _ .
.
Phones in service, end of month
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues - _
_ ._ thous. of dol
Operating expenses, incl. depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
_______
_ _.do ._
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
_ do
Operating expenses, incl. depreciation
do
Net operating revenues
do
r
38,970
443
7,233
10, 243
d
S, 247
1,722
270
2,156
271
2 385
246
Revised.
«* Deficit.
JRevised data for September 1951, $53,228,000.
§Beginning July 1951, data exclude vessels under time or voyage chaiter to Military Sea Transportation Service. Figures for January-September 1951 are as follows (units as above):
Total, 6,516; 6,860; 8,250; 9,299; 10,161; 10,060; 9,460; 10,661; 9,690; foreign, 4,019; 4,216; 4,660; 5,216; 5,980; 5,725; 5,476; 6,368; 5,789; United States, 2,497; 2,644; 3,590; 4,083; 4,181; 4,334; 3,984; 4,294
3,900.
cfData exclude arrivals and departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.
©Data relate to continental United States. Beginning January 1952, data exclude reports from several companies previously covered and include figures for some not included in earlier
data.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1952
1951
October
November
December
January
February
March
April
May
June
July
August
September
October
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:!
Ammonia, synthetic anhydrous (commercial)
158, 848
161, 681
156, 692
160, 034
151, 632
172, 099
165, 105
short tons.. 155, 913
177, 059
(i)
0
442
630
Calcium arsenate (commercial)
_ do
0)
0)
0)
0)
0)
72, 178
69, 095
69, 730
60, 601
68,380
56, 074
67, 788
71, Oil
67, 974
Calcium carbide (commercial)
do
42, 412
63, 579
41, 052
53,756
44, 062
54, 052
72,417
45, 807
47, 307
Carbon dioxide liquid gas and solidO • do
229, 472
228, 949
219 250
224, 250
221, 169
214, 128
215, 570
230, 271
200, 169
Chlorine, gas
do
58, 222
59, 639
53,129
57, 966
59, 920
50, 669
58, 868
60, 191
48, 851
Hydrochloric acid (100% HC1)
do
1, 550
763
1,985
1,597
576
279
150
1,520
409
Lead arsenate (acid and basic)
do
128, 978
133, 790
122, 670
144, 696
140, 976
135, 516
132, 286
137, 924
128, 065
Nitric acid (100% HNOs)
-do
1,954
2,008
2,019
1,934
1,941
2,156
1,938
1,131
1,967
Oxygen (high purity)
mil. of cu. ft
172, 135
151, 684
151, 922
168, 272
153,463
153, 432
173, 334
153, 497
Phosphoric acid (50% H3P04)__
short tons__ 154, 060
Soda ash, ammonia-soda process (98-100%
374, 204
337, 710
372, 529
367, 380
389, 487
363, 579
358, 448
334, 449
Na2COs)
.short tons.. 430, 622
9,722
11,224
10, 276
10, 550
11, 276
6,4"8
6,745
5,656
8, SCO
Sodium bichromate and chromate
do
263, 320
272, 799
258, 521
250, 564
247, 734
269, 387
275, 224
230,883
271, 996
Sodium hydroxide (100% NaOH) _
do _
Sodium silicate, soluble silicate glass (anhy36, 794
38, 565
41,194
43, 599
46, 852
45, 705
43, 268
48, 116
49, 485
drous)
_ - .short tons.
Sodium sulfate, Glauber's salt and crude salt
72, 078
65, 646
67,363
69, 408
81, 120
67, 031
65,838
73, 973
75, 057
cake
short tons
Sulfuricacid (100% H2SO4):
Production
do_ _ 1, 099, 964 1, 130, 831 1. 179, 263 1, 165. 356 1, 131, 289 1, 174, 836 1, 115, 602 1, 109, 076 1, 007, 709
Price, wholesale, 66°, tanks, at works
20.00
20.00
20.00
20.00
20.00
20.00
20.00
19.90
20.00
dol. per short ton._
Organic chemicals:
Acetic acid (synthetic and natural) , production
34, 874
26, 380
30, 261
26, 535
29, 138
37, 711
35, 262
27. 980
37, 952
thous. of Ib
59, 358
86 070
27, 501
31, 536
45, 887
42, 711
67, 032
51, 944
71, 708
Acetic anhydride production
do
952
1,073
1,185
1,046
1,109
1,178
1,247
1,056
957
Acetylsalicylic acid (aspirin), production do
Alcohol, ethyl:
33, 857
42, 421
41, 129
42, 254
39, 825
26, 062
40, 477
47, 336
32, 922
Production
thous. of proof gal
82, 344
94, 566
94, 442
97, 550
95, 361
89, 361
91, 184
74, 420
103, 927
Stocks, total
do _
In industrial alcohol bonded warehouses
55, 592
51, 949
58, 660
59, 296
61,830
50, 584
58, 891
54, 937
66, 465
thous of proof gal
41, 959
35, 675
40, 425
35, 782
30, 064
29,280
30, 395
37, 462
23,837
In denaturing plants
do
34,
108
33,
102
44,
935
42,
061
45,
739
30,
539
40,
939
48,
917
43,
362
TJsed for denaturationt
do
1,755
1,395
1,993
2,399
3,179
1,447
1,788
1,861
3,016
Withdrawn tax-paid
do
Alcohol, denatured:
17, 868
26, 106
18,368
24, 060
22,458
24, 425
23, 276
21, 924
16, 481
Production
thous. of wine gal
18, 018
20, 284
24, 768
19 984
21, 388
21, 501
21, 957
24, 196
27, 228
Consumption (withdrawals)
do
8,055
12, 093
13, 608
10, 478
8,340
8,555
14, 037
7,477
6,636
Stocks
-- - --do __7,077
14 401
13 293
11 559
10, 635
11, 293
13 546
12 301
12 051
Creosote oil production
thous of gal
4 419
5 873
4 160
3 887
5 470
4 359
4 204
8 144
5 441
Ethyl acetate (85%) production
thous of Ib
Glycerin, refined (100% basis):
High gravity and yellow distilled:
7,099
4,849
7,538
5,647
6,745
6,192
5, 129
5,529
6,770
Production
thous. of lb_
6,374
5,798
6,3~5
6 239
5 521
5 677
6 718
5 617
5, 0 C 7
Consumption
do
14, 427
17, 578
16, 219
15, 284
15, 623
17, 447
18, 104
14, 735
17, 013
Stocks
_ _ _ _ _ do
Chemically pure:
5,428
9.681
12, 528
7,178
11, 113
11, 529
11, 078
11, 704
11, 747
Production
- __do
7,008
7,015
7,219
7,976
7,305
7, 040
7, 3E8
6,407
7,874
Consumption
__
do
29, 435
24,507
26, 685
26, 582
25, 483
28, 382
28, 107
26, 884
26, 524
Stocks
do
Methanol, production:
r
175
185
192
115
173
175
193
158
201
Natural (100%)
thous. of gal
11, 881
13, 951
14, 226
17, 224
13, 498
13, 756
16, 503
13, 111
15, 950
Synthetic (100%)
do
19, 225
18, 844
20, 694
21, 773
21, 348
19, 462
21, 519
19, 926
21, 263
Phthalic anhydride production
thous. of Ib
171, 721
(i)
47 947
65 411
209 966
56, 865
(i)
(i)
134,
588
128, 886
r
2 023
1 862
184, 227
179. 200
167, 574
173, 326
80, 662
194, 285
45, 812
r
79 391
r
207 964
»• 54, 462
704
52,238
0)
49,282
(i)
118, 340
1,046
153, 609
r
370, 877
5 882
242, 721
349, 218
7 424
245 429
34, 403
35, 521
44,948
58,999
66, 516
68,913
336, 327
3,722
r
224, 462
968, 467
r
1,066, 593 1, 079, 618
20.00
20.00
20.00
34, 256
32, 979
70 859
823
32, 781
74 404
807
39, 292
77, 437
32, 984
82, 661
36, 439
87, 430
47, 610
29, 827
35, 397
47, 420
35, 241
28, 577
1,639
48 430
39, 000
31 249
2,057
15, 437
18, 261
7,158
12, 547
8 813
16, 987
16, 799
7,326
12, 538
7 984
6,511
6,538
12, 246
7,279
6,975
12, 066
7,602
8,101
11, 447
9,035
7,536
19, 080
10, 040
7,991
17, 173
11, 147
8,886
16, 211
r 179
65,963
845
2,052
19, 039
17, 468
9,100
6,509
4 152
5,855
6,003
13, 553
6,237
6,628
21, 684
11, 890
18, 955
12, 059
16 462
234
11, 143
17, 954
2389
203, 643
24, 643
164 357
7 015
2380
208, 593
19, 939
170 215
7 227
r
2599
171. 683
28,068
124 084
5 893
141 032
100, 674
37, 015
7,318
21, 293
169 119
122 146
50 865
8 166
27, 336
236 462
171 634
60 905
6 460
33, 020
57 00
113, 167
57 00
122, 979
57.00
149, 678
195
20.00
"A"
FERTILIZERS
Consumption (14 States) §
Exports total
Nitrogenous materials
Phosphate materials
Potash materials
thous. of short tons..
__short tons._
do _ do
- - --- do
708
315, 160
26, 483
267, Oil
8,854
742
220, 305
27, 772
130, 159
6,772
604
209, 754
27, 632
145, 546
5,433
1,152
201, 552
20, 560
154, 761
9,056
1,348
214, 991
28, 775
161, 570
7,619
1,827
191, 261
10, 802
163, 553
7,469
1,819
204, 452
15, 296
173, 431
6, 147
1,167
207, 943
530
136, 743
15,353
7,652
176, 649
117, 254
7,8«7
7,227
173, 298
155, 601
208, 013
255, 151
219, 807
190, 328
173, 163
202, 037
257 090
Imports total
do
151, 448
105, 877
96, 732
165, 806
186, 622
152, 137
101, 457
121, 424
147, 263
Nitrogenous materials, total
do
41, 780
18, 706
72, 814
59, 960
54, 651
36, 395
53, 401
33, 915
90, 517
Nitrate of soda
do
19,
358
8,588
9,210
17,
510
6,832
14, 698
17,
751
1,962
21,
606
Phosphate materials
- do
44, 934
55, 022
27, 731
49, 833
28, 131
26, 981
12, 488
23, 258
54, 721
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
53.50
57.00
57.00
57.00
57.00
57.00
57.00
57.00
57.00
port warehouses
dol. per short ton
119, 074
125, 600
157, 711
127, 810
123, 582
140, 625
114, 903
121, 535
Potash deliveries
short tons__ 114,311
Superphosphate (bulk):
893, 639
923, 966
966, 024 1, 033, 449 1, 101, 454 1, 137, 270 1,074,722
954, 651
941, 330
Production
do
1, 183, 481 1, 163, 982 1, 251, 797 1, 293, 588 1,217,295 1, 046, 710
897, 818 1, 018, 081 1, 238, 946
Stocks, end of month
do
547
57.00
139, 778
926, 657 r 957 418 T 925 313 1,048 273
1,366,549 T\ 424 214 1,405,661 1,402 598
NAVAL STORES
Kosin (gum and wood):
3 948 760
507, 600
392 400
Production quarterly total
drums (520 Ib.)
748, 700
722, 580
Stocks end of quarter
do
904 650
Price, gum, wholesale, "WG" grade (N.Y.), bulk
8.55
9.35
49.40
49.40
dol. per 100 lb__
49.07
8.50
8.55
8.70
9.65
8.35
8.70
8.50
8.35
Turpentine (gum and wood) :
3 331 ooo
167, 540
127, 940
Production quarterly total
bbl. (50 gal.)
197, 630
194, 450
Stocks, end of quarter
_ _
- do
214 640
.60
4.80
4.80
4.80
.61
.76
.66
.86
.63
.62
Price, gum, wholesale (N.Y.)
dol. per gal._
.62
.60
.62
r
l
Revised.
Not available for publication.
2 Total for 12 States; excludes data for both Virginia and Kentucky (effective July 1952, Kentucky will report semiannually; see note "§"
3
below for quarterly data for Virginia).
Total for April-September.
* Savannah price. January 1952 quotation (Savannah) for rosin, $9.40; for turpentine, $0.80.
{Revised data for January-October 1951 are available upon request.
©Data beginning January 1951 exclude amounts produced and consumed in the same plants manufacturing soda ash.
tRevised series. Data shown prior to the November 1951 SURVEY represent alcohol withdrawn for denaturation.
§Figures exclude data for Virginia; effective January 1951, this State reports quarterly. Data for Virginia (thous. short tons): 1951—January-March, 312; April-June, 288; July-September,
91; October-December, 111; 1952—January-March, 322; April-June, 331; July-September, 90.
SUEVEY OF CURRENT BUSINESS
December 1952
1952
1951
stated, statistics through
ive notes are shown in the
Supplement to the Survey
October
November
S-25
December
January
February
March
April
May
June
July
489
57, 251
686
51, 315
August
Septem-
October
764
62, 515
1, 010
66, 177
1,184
66, 621
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
High explosives
Sulfur:
Production .
-Stocks
thous. of lb__
do .
long tons
do
1,610
68, 033
1,591
62, 244
1,164
53, 297
1,355
55, 512
1,193
59, 669
842
57, 659
706
61, 905
556
63, 111
445, 014
477,939
460, 058
454, 960
412,481
443, 017
447, 481
433, 871
428, 810
435, 828
418, 655
459, 805
430, 811
2, 782, 423 2, 805, 902 2, 837, 432 2,851,214 2, 883, 571 2, 850, 666 2, 808, 368 2, 827, 506 2, 902, 335 2, 982, 331 3,047,591 3,081,284 3, 064, 952
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oilsrt
Animal fats:
321, 630
388. 109
365, 093
290, 088
305, 335
349. 058
417, 530
290, 840
286, 050
398, 619
378, 755
327, 893
Production
thous of Ib
357 024
119, 944
117,906
95, 111
114, 807
121,614
115,548
121,909
114, 199 ' 110, 119
96, 644
112,690
116,026
Consumption, factory
do __
128 965
329, 408
329, 625
325, 955
336, 784
377, 329
367, 590
327, 037
329, 643
339, 625
269, 893
303, 436
261,850
Stocks end of month
do
296 004
Greases:
52,114
44, 932
49, 982
50, 357
46,040
49, 486
58,217
58, 919
43. 600
56, 659
58,013
49, 801
Production
do
54 838
40, 075
37,913
31, 098
31, 969
36, 701
42,173
35, i64
45, 248
37, 100
42, 189
42, 855
44, 277
Consumption, factory
__
do_ _
44 866
100, 536
118, 495
111, 895
105,411
105, 938
115, 580
103, 801
107, 634
113, 738
100, 465
104, 574
103,919
Stocks, end of month
do
101 152
Fish oils:
5,141
298
169
22, 631
12, 748
11,060
13, 407
22, 683
900
2,305
2,297
16, 612
Production
_
do
9 268
9,758
9,451
8,578
9,429
8,331
9,919
10, 174
11, 763
9,840
9,089
11,477
11, 508
Consumption, factory
do
15 957
73, 055
84, 479
66, 640
68, 538
73, 295
69, 931
89, 990
88, 854
96, 437 . 82,084
102, 999
109, 630
Stocks end of month c?
do
103 115
Vegetable oils, oilseeds, and byproducts:^
Vegetable oils, total:
382
483
305
430
522
354
343
584
433
552
604
616
Production crude
mil of Ib
6^7
361
442
487
509
482
394
529
413
410
478
484
487
Consumption, crude, factory
do
566
Stocks, end of month:
r
r
r
1,123
1,202
1,275
1,017
952
1,054
1,287
962
1,279
1,r 254
1,r 206
1, 101
Crudecf
do
1 050
589
624
632
536
572
556
498
504
438
445
364
292
Refined
do
474
61, 395
49,815
58, 561
58, 899
30,911
32, 674
39, 913
27, 991
41, 331
68, 101
58, 618
52, 833
Exports
_thous. of Ib
28,638
31,067
24, 596
35, 478
24, 878
30, 935
39, 332
32, 922
35, 171
35, 813
36, 491
33, 087
Imports, total
_
do
2,049
4,389
5,051
2,563
5,447
1,886
2,050
5,177
2, 153
442
3,989
2,869
Paint oils ._ ___
__do
22, 032
26, 590
26, 678
30, 031
25, 884
22, 827
37, 446
29, 993
30, 769
35, 371
32, 502
30, 218
All other vegetable oils
.-do
Copra:
32, 794
26, 367
18, 028
16, 051
23, 068
30, 476
37, 665
29, 807
32, 550
28, 859
35, 774
37, 297
Consumption factory
short tons
35 228
11, 267
20, 923
11, 974
4,061
11,952
25, 202
10, 070
27, 492
13, 570
21, 546
21,063
21, 643
Stocks, end of month
do
16 591
21, 892 r 16, 456
25, 848
21, 390
23, 608
36, 287
23,507
29,563
34, 681
41, Oil
31, 787
46, 183
Imports
__
_.do-_.
Coconut or copra oil:
Production:
22, 632
29, 564
41, 626
33,176
21,486
38, 132
37, 492
41, 096
47, 692
45, 425
36, 929
44, 976
48, 133
Crude
_
thous. of Ib
32, 465
26, 745
31,011
30, 494
27, 765
31, 625
27, 987
38, 003
41,035
36, 466
22, 714
26, 578
28, 270
Refined __
_ _
do_-_
Consumption, factory:
41,119
48,315
45, 222
43, 436
48, 037
42, 364
51, 836
47, 698
56, 545
36, 1 59
61, 323
39,710
45, 564
Crude
do
26, 727
23, 431
28, 306
28, 085
34, 112
26, 131
25, 099
27, 486
30, 364
20, 254
22, 459
35, 858
25, 348
Refined
_ do
Stocks, end
of
month:
49, 699
81,387
56, 707
67, 285
79, 869
46, 974
82. 279
82, 143
50, 718
92, 073
84, 528
61, 932
42, 465
Graded71
_-do
7,578
8,961
7,596
8,899
9,013
7,616
8,730
9,863
9,103
8,839
8,342
8,334
6,995
Refined
do
15,089
7,522
7,921
3,731
9,777
1,767
10, 137
12, 237
7,173
9,718
12, 745
3,899
Imports -do ._.
Cottonseed:
r
r
r
78
14
14
55
22
322
163
398
' 1,
170
616
1, 033
1, 591
1, 756
Receipts at mills
thous. of short tons
r
218
153
433
521
117
306
688
545
148
653
776
838
781
Consumption (crush) ___ _.
do _.
r
r
r
315
176
802
137
518
1, 515
1,180
1,035
386
1, 931
1, 966
1, 710
Stocks at mills, end of month
do
2 010
Cottonseed cake and meal:
101, 133
55, 746
69, 838
201, 182
379, 384
146, 191
253, 208
319, 884
248, 660
303, 841
70, 059
361, 949
387, 447
Production
short tons.
45, 104
115,114
58, 946
57, 870
46, 396
47, 336
56, 176
55, 430
56, 737
81, 857
47, 876
60, 316
72, 854
Stocks at mills, end of month
_
do.-_
Cottonseed oil, crude:
r
41, 143
72, 082
52, 822
106, 633
143, 727
176, 041
156, 459
249, 604
218, 547
44, 768
206, 005
259, 819 244, 053
Production
thous. of Ib
162, 209
41, 077
58, 602
96, 917
129, 093
188, 644
174, 795
103, 809
162, 946
186, 292
184, 843
38, 375
152, 672
Stocks, end of month
_
. do. _
Cottonseed oil, refined:
54, 023
100, 080
123, 723
79, 578
136, 955
164, 076
71,655
185, 037
173, 856
42, 285
182, 865
186, 793
173, 826
Production
do
109, 369
107,399
90, 150
113, 260
106, 108
103, 262
135, 226
117, 870
119, 867
92, 727
118, 578
122, 100
125, 071
Consumption factory
do
17, 070
28,764
28, 784
28, 523
28, 019
32, 434
44, 497 1 35, 623
23, 978
29, 288
35, 335
35, 858
36, 816
In oleomargarine
do
383, 410 i 413, 893 1 434, 758 1 432, 620 i 401, 400 1361,320 1 318, 006 1 288, 212 1 343, 165
225, 137 r 292, 881 l 336, 814
154, 868
Stocks, end of month
do
.205
.190
.191
.185
.180
.180
191
.220
.203
.205
.213
.218
.217
Price, wholesale, drums (N. Y.)*--dol. per lb__
Flaxseed:
3
2
31, 033
33 802
Production (crop estimate) §
thous of bu
Oil mills:
2,903
1,580
2,083
2,196
2,172
2,243
1,897
2,303
2,295
2,298
2,854
2,581
3,022
Consumption
do
6,154
3,346
5,461
3,440
3,608
4,430
3,059
3,794
5,547
6,831
7,098
6,407
5,844
Stocks, end of month
_ _ _
do
4.08
4.02
3.96
3.93
4.16
4.17
4.00
4.23
4.54
4.17
4.40
4.56
4.16
Price, wholesale, No. 1 (Minn.)
dol. per bu__
Linseed oil, raw:
58,
569
31,
860
46,
702
44,
015
41,
647
38,
953
45,
707
44,
020
46,
904
46,
857
54,981
52, 120
59, 964
Production
__
thous. of Ib
53, 608
45, 899
43, 685
43, 661
51, 841
43, 565
44, 651
41, 734
40, 462
54,981
50, 091 r 46, 173 r 42, 363
Consumption, factory
_ _do
623,
203
634,
474
616,
537
638,
021
659,
383
637,
975
646,
589
622,
350
659,
688
652,
657
640,760
642, 236 656, 147
Stocks at factory, end of month __
do
4.151
4.156
4.150
4.155
.178
.186
.176
.195
4.152
.210
.212
.209
.197
Price, wholesale (N. Y.)
dol. per lb__
Soybeans:
3
289 268
2 280 512
Production (crop estimate) §
thous of bu
r
22, 507
17, 539
19, 682
20, 129
21, 540
17,549 r 14, 969
18, 617
22, 457
24, 046
21, 581 rr 23, 053 rr 23, 217
Consumption, factory
do
r
11,632
22,339
85, 739
42, 708
30, 838
28, 493
32, 307
9,071
50, 901
49, 430
61, 852
68, 062
Stocks end of month
do
58 358
Soybean oil:
Production:
r
238, 300
155, 632
179, 498
199, 002
204, 138
218, 381
189, 977
178, 795
222, 247
21 5, 053 r 224, 983 r 221, 798 234, 386
Crude
_
thous. of Ib
199, 066
162, 158
181, 249
198, 641
183, 469
175, 008 r 166, 542
177, 198
179, 073
180, 626
149, 822
136, 668
143, 782
Refined
do
210, 621
142, 825
187, 729
164, 911
154, 982
188, 112
171, 244
171, 062
168, 379
134, 518
159, 187
136, 660
147, 351
Consumption, factory, refined
do __
Stocks, end of month:
124, 629
98, 287
180, 130
185, 122
224, 072
245, 027
197, 473
136, 414
240, 510
Crude
do._- r 121, 330 r 164, 627 r 197, 471 230, 950
75, 677
116,618
124, 222 «• 96, 020
111, 280
126, 720
130, 234
109, 459
103, 120
97, 092
83, 920
73, 602
75, 261
Refined
_ _ _
__do
.151
.156
.174
.144
.150
.174
.148
.170
.165
.155
.179
.190
.191
Price, wholesale, refined (N. Y.)-~dol. perlb___
r
3
Revised.
1 Includes stocks owned by Commodity Credit Corporation.
2 December 1 estimate.
November 1 estimate. 4 Minneapolis price; comparable data for May 1952, $0.155.
JRevisions for 1950 and for January-September 1951 for production, consumption, and stocks will be shown later.
(^Beginning with September 1950, data included for sperm oil, crude palm, castor, and coconut oil are on a commercial stocks basis.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
§Revisions for flaxseed (1946-49) and soybeans (1944-49) appear in corresponding note in the September 1952 SURVEY.
SUEVEY OF CURKENT BUSINESS
S-26
December 3952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October
November
19 52
December
February
January
March
April
May
June
July
104, 040
26, 837
68, 695
23, 807
August
September
October
125, 694
18,615
123, 403
23, 362
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC. —Continued
Vegetable oils, oilseeds, etc. — Continued
Oleomargarine:
Production
thous.oflb
Stocks (factory and warehouse)
do
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)*
dol. per Ib
Shortenings and compounds:
Production
thous.oflb..Stocks, end of month
_
.. .. _do
98, 219
19, 218
94, 979
17, 704
96, 240
18, 830
114, 051
24, 951
128, 145
17, 485
96, 762
21, 655
101, 136
22, 419
100, 709
15, 839
86, 564
15,584
.290
.290
.289
.289
.259
.259
.253
.249
.266
.271
.269
136, 469
94, 231
131, 721
93,110
116, 509
101,441
128, 313
94, 405
131,040
91, 890
128, 912
89, 120
127, 375
93, 408
138, 692
83, 228
142, 749
81, 922
112,624
88, 436
125, 114
92, 559
80, 796
113,445
42, 031
71,414
106, 386
41,608
64, 778
110,938
41, 594
69, 344
124, 670
44, 287
80, 383
126, 768
44, 620
82, 148
122, 571
40, 757
81,814
111,093
36. 808
74, 285
Ml
3, 282
r
40, 974
72, 308
' '. 281
!.286
140, 171
74, 126
178, 057
86, 653
117, 831
44. 262
73. 569
119,943
48, 486
71, 457
PAINTS, VARNISH, AND LACQUER f
Factory shipments, total
Industrial s'llos
Trade sales
thous. of doL _
do
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous. of Ib
Molding and extrusion materials
do
Nitrocellulose sheets rods, and tubes
do
Other cellulose plastics
do
Phenolic and other tar acid resins . _
Polystyrene
Urea and mcl a/mine resins
Vinvl res ins §
-- Alkyd resins §
Rosin modifications
M^iscellaneous resins §
.do. _
do
do
do
do
do
do
r
r
2,431
4,564
615
919
1,713
3,382
508
796
2, 520
2,894
467
507
2,957
4,243
521
734
1,942
4,178
508
792
1,841
4,380
479
784
1, 880
4,985
527
683
1,770
4,122
485
657
1, 713
3,805
453
400
2,013
4.504
377
442
1,998
4,866
439
404
2 223
6,109
581
303
41, 142
29, 534
16, 179
41, 898
27, 394
6, 546
16, 146
35, 859
28, 620
14, 343
40, 596
26, 048
6,883
14, 920
28, 970
26, 467
12, 961
42, 029
24, 929
6,729
15, 169
31, 652
27, 395
16, 005
43, 446
28, 616
6, 592
15. 860
28, 731
26, 518
14,933
39, 245
28, 014
7, 855
13, 163
28, 262
25, 951
15,459
39, 208
28, 300
7,502
16, 586
24, 131
24, 967
14, 233
35, 955
28, 418
7,396
17, 122
24, 009
23, 959
14, 955
31. 897
29, 326
8,030
17, 341
24, 827
26, 413
15,312
29, 357
28, 507
7,882
17, 467
20, 981
26. 259
11,189
28, 756
24, 342
7,337
14, 368
26, 850
22, 007
16, 669
29, 582
25, 692
7,572
17, 868
30. 978
27, 484
16, 942
32. 764
31 224
9, 475
18, 078
ELECTRIC POWER AND GAS
ELECTRIC POWER t
Production (utility and industrial), total
mil. of kw.-hr.Eleetrie utilities total
do
By fuels
do .
Bv water power
do
Privately and municipally owned utilities
mil. of kw.-hr_Other producers
_
do
Industrial establishments total
do
By furls
- do _
By water power
do
Sales to ultimate customers, total (Edison Electric
Institute)
mil. of kw.-hr
Commercial arid industrial:
Small light and power
do
Large light and power
do
Railways and railroads
do
Residential or domestic
do
Rural (distinct rural rates)
do
Street and highway lighting
do
Other public authorities
do
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous of dol
37, 804
32, 437
24, 883
7, 553
37, 321
32, 103
24. 028
8, 075
38, 517
33, 170
24, 044
9, 126
39, 710
34, 203
24, 302
9,901
36, 768
31, 536
22, 075
9, 461
38, 568
33, 040
22, 597
10, 443
36, 736
31, 515
21, 553
9, 962
37, 065
31, 824
22, 132
9,692
36, 052
31, 525
22, 366
9,160
37, 007
32, 523
23, 785
8, 738
39, 752
34, 361
25, 844
8,518
38, 759
33, 376
26,019
7,357
40, 511
34, 821
27, 797
7, 025
28, 218
4,219
5 307
5,027
340
27, 934
4.169
5,217
4,872
345
28, 543
4, 627
5,347
4, 927
420
29, 006
5, 197
5, 507
5.042
465
26, 717
4, 819
5, 232
4, 766
466
27, 647
5, 393
5, 529
5, 022
W)6
26, 559
4,956
5, 221
4, 753
469
26, 910
4, 915
5, 240
4,745
496
26, 451
5, 075
4,526
4,141
385
27, 249
5, 274
4,484
4,159
326
28, 860
5,501
5, 391
5,026
365
28, 619
4,757
5,383
5,067
316
30, 227
4, 594
5, 690
5,422
268
27, 114
27, 481
28, 263
29, 217
28, 708
28, 453
27, 766
27, 178
26, 856
36,914
28, 781
29, 440
4, 813
13,919
446
6, 186
720
302
686
42
4, 861
13, 779
475
6,712
577
325
713
39
4, 976
13, 704
527
7,447
521
347
699
43
5, 124
13, 797
523
8, 170
503
348
'35
5,048
13, 700
488
7. 902
496
318
722
35
4, 945
13, 869
504
7, 548
544
29S
710
35
4,792
13, 764
458
7, 157
598
268
698
30
4, 767
13, 669
444
6, 679
639
249
691
40
5,046
13, 069
404
6, 544
800
236
713
44
5,361
12,638
396
6,567
994
242
671
45
5.583
14, 097
401
6,657
1,061
262
675
45
5, 501
14, 681
398
6,817
1,015
287
698
43
477, 724
488, 495
501, 349
o22, 258
514, 575
504, 334
494, 080
486, 460
488. 551
493, 359
512,716
521, 495
GASc?
Manufactured and mixed gas (quarterly):
Customers end of Quarter total
thousands
Residential (incl house-heating)
do
q , > '
Rosidential
total
mil of the~'~ns
do
Revenue from sales to consumers, total
Residential (incl house-heating)
Natural gas (quarterly):
Customers, end of quarter, total
Residential (incl house-heating)
Sales to consumers, total
rttbi ie i ai v
1C
u
do
thousands. .
do
mil. of therms ._
.
»'
Revenue from sales to consumers, total
thous of dol
Residential (incl house-heating)
do
Industrial and commercial
do
r
548
7,932
7,376
551
832
52(
296
1. IRfi
785
353
127, 481
91. 562
34, 598
165, 655
121, 287
42, 851
8 057
7 505
17, 553
16 101
1, 431 '*
14, 861
6,409
8,037
17, 066
15 683
1, 364
11,719
3, 753
7 462
454, 744
256 085
188, 353
1
648, 863
416, 815
222, 670
7, 336
6,819
512
809
491
308
120 928
86,277 i
33, 743
1 ~ "
18, 145
16, 694
1 433
11. 113
3 212
7,529
434, 422
236, 113
190. 375
!
Revised.
Based on 1. c. 1. shipments. Data prior to September 1952 are for carlots.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
fRevised series. Data are estimated total factory shipments of finished paint, varnish, and lacquer. Figures supersede those shown in the SURVEY prior to the June 1952 issue,
which did^not measure total shipments. Available figures for 1951 (January-October, respectively) comparable with the present series are as follows (thous. dol.): Total shipments— 128,102;
117,025; 132,257; 122,925; 128,048; 121,382; 109,449; 116,205; 100,074; 109,700; industrial— 48,807; 44,938; 52,638; 47,892; 48,325; 45,348; 42,477; 45,378; 38,659; 43,562; trade— 79,295; 72,087; 79,619; 75,033;
79,723; 76,034; 66,972; 70,827; 61,415; 66,138.
§ See note "1" in the February 1952 SURVEY and earlier issues regarding changes in classification and coverage beginning with data for January 1951.
f Unpublished revisions for January-July 1950 and 1951 for electric-power production will be shown later.
cMll sales data formerly expressed in cu. ft. are now published in therms by the compiling source; 1932-49 figures expressed in therms and minor revisions for customers and revenue for
1932-44 will be shown later. Revisions for the first 2 quarters of 1950 are shown in the corresponding note in the October 1951 SURVEY; those for the first 2 quarters of 1951 will be shown later
December 1952
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
November
S-27
1952
1951
October
December
February
January
March
April
May
June
July
8,975
8,412
10, 962
10, 116
9,266
11, 190
August
September
October
8,634
8,159
11, 126
7,132
7,182
10, 597
6,844
6,852
10, 132
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
- . _ _ thous. of bbl__
Tax-paid withdrawals
do
Stocks, end of month
. _._
___do--.
Distilled spirits:
Production
thous. of tax gal Consumption, apparent, for beverage purposes
thous of wine gal
Tax-paid withdrawals
thous. of tax gal
Stocks, end of month
...do. _.
Imports
thous of proof gal
Whisky:
Production
thous. of taxgaL.
T ax-paid withdrawals
do
Stocks, end of month
do _ _
Imports
thous. of proof gal
Rectified spirits and wines, production, totaled
thous. of proof gaL.
Whisky
do
Wines and distilling materials:
Sparkling wines:
Production
thous of wine gal
Tax-paid withdrawals
do
Stocks end of month
do
Imports
do
Still wines:
Production
do
Tax-paid withdrawals
do
Stocks, end of month
do
Imports
do
Distilling materials produced at wineries. __do
6,841
6,732
10, 212
6,137
6,411
9,505
6,291
6,089
9,240
6,971
6,447
9,303
6,607
5,604
9,895
7,326
6,099
10, 663
7,439
6,744
10, 891
7,962
7,381
10, 941
34, 751
28, 420
19, 396
17, 033
15, 547
15, 009
14, 194
11, 642
8,577
6,444
6,453
9,837
20, 691
22, 403
15, 673
912, 263
2,557
15, 958
11, 053
917, 205
1,880
19, 427
7,731
925, 195
1,696
12, 038
6,588
932, 578
1,254
12, 459
7,747
936, 420
1,210
14, 449
9,757
940, 071
1,515
13, 905
9,573
941, 057
1,315
14, 618
9,345
940, 432
1,362
13, 119
9,721
937, 156
1,326
13, 140
9,972
932, 414
1,229
13, 432
8,006
929, 033
1,088
15, 322
11, 509
921, 480
1,575
15,909
909, 081
10, 322
9,129
754, 147
2,209
10, 961
6,674
756, 521
1,714
10, 465
4,682
760, 803
1,516
9,548
4,095
765, 029
1,129
9,114
4,646
767, 819
1,102
8,648
5,536
768, 745
1,401
8, 045
4,997
769, 763
1,208
6,793
4,546
769, 996
1,265
4,823
5,026
767, 558
1,234
2,515
4,322
763, 490
1,141
2,677
3,980
760, 079
979
3,208
6,204
754, 200
1,443
3, 859
9,053
745, 181
12, 645
11, 271
9,550
8,521
7,354
6,516
5,100
4,348
6,091
5,410
7,090
6,186
6,944
6,037
7,422
6, 469
7,024
6,150
7,590
6, 389
5,936
4,785
8,585
7,504
11,446
10,116
'47
'135
1,485
72
80
173
1,384
llo
118
173
1,316
98
141
76
1, 365
41
'67
'61
1, 354
27
55
59
1,334
31
201
69
1,458
31
129
71
1,510
36
102
86
1,515
35
63
73
1,503
28
100
78
1,518
28
62
112
1,467
40
77, 505
11, 536
210, 561
424
150, 630
39, 137
12,237
237, 592
538
87, 330
8,396
10, 904
231, 617
605
25, 981
2,937
10, 704
222, 569
391
6,253
1, 368
10, 630
210, 203
292
526
1,462
11,411
199, 116
416
456
1, 644
10, 453
189, 087
427
'770
1,640
9,368
181,416
365
126
853
9.120
170, 606
360
155
547
7,980
162, 733
272
1,758
1,741
8,440
153, 728
297
'68,706
20, 940
11, 993
162, 350
324
49, 009
86, 633
94, 611
.707
68, 436
59, 349
.740
70, 397
27, 051
.791
83, 630
59, 756
259, 415
229, 561
3,288
65, 030
43,358
232, 968
204, 683
4,095
66, 491
43, 684
222, 136
194, 784
3,863
.424
.431
.449
13, 397
5,206
166, 756
11, 216
4,620
131, 272
13, 636
6,191
141, 096
r
6,957
448, 008
8,777
357,311
9,185
225, 988
6,585
140, 611
7,388
74, 505
8,237
76, 443
7,299
123, 180
8,195
225, 802
9,540
390, 517
7,975
417, 013
7,842
480, 266
8,354
408, 805
1,463
12, 590
1,124
4,277
1,262
6,048
6,856
5,731
3,215
7,025
4,729
5,676
2,301
8,296
2,656
8.031
1,528
10, 351
2,321
10, 570
1,665
9,029
1,484
5, 764
10.80
6.05
10.80
6.08
10.80
6.19
10.80
6.25
10.80
6.34
10.80
6.38
10.80
6.39
10.80
6.32
10.80
6.30
10.80
6.33
10.80
6.38
10.80
6.39
10.80
6.40
8,528
3,060
5.30
7,611
2,378
5.38
7,797
2,477
5.43
8,178
2,706
5.44
8.170
2,731
5.48
9,494
3,292
5.46
10. 129
3,823
5.33
12, 049
5,061
5.26
11, 956
4,972
5.23
11, 039
4,439
5.33
10, 210
4,062
5.43
9,060
3,558
5.55
8,578
3,247
5.66
6,005
36, 056
4,648
25, 502
6,157
35, 960
6,175
£0, 590
5,475
45, 100
23, 288
82, 219
19, 612
56, 548
17. 917
42, 265
16, 765
29, 677
14, 625
24, 327
13, 343
34, 566
14, 558
54, 691
16, 785
108, 457
18, 946
150, 703
21, 385
161, 821
23, 602
167, 576
22, 306
153, 634
20,210
135, 012
3,836
2,139
5,598
2,994
4,932
2,508
3,663
1,639
3.494
7,908
5,371
4,305
2,499
4,415
2,842
9,839
5,118
2,303
3, 453
3,567
2,921
5,824
2,599
2,515
.147
.150
.151
.152
.156
.159
.163
.163
.163
.165
.165
.167
DAIRY PRODUCTS
Butter, creamery:
Production (factory) J
thous. of Ib
Stocks, cold storage, end of month
_
do
Price, wholesale, 92-score (New York)_dol. perlb__
Cheese:
Production (factory), totalj__ _ __thous. oflb
American, whole milkj
do
Stocks, cold storage, end of month, totaL_.do
American, whole milk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol per Ib
Condensed and evaporated milk:
Production :t
Condensed (sweetened):
Bulk goods
thous. of Ib
Case goodsO--- -- --- --_ - - - do__ _
Evaporated (unsweetened), case goods --do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. oflb
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened) . __ _ _
do
Evaporated (unsweetened)
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
dol. per case..
Evaporated (unsweetened)
do__ _
Fluid milk:
Production t
mil. of lb__.
Utilization in mfd. dairy products
_. do _
Price, dealers', standard grade
dol. per 100 lb__
Dry milk:
Production: t
Dry whole milk _
thous. oflb
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food), U. S. average
dol. per lb__
' 77, 980 ' 78, 795 ' 93, 095 ' 104. 120 ' 134, 980 ' 130, 210 '121, 465
13, 874
6,505
7,879
10, 522
99, 751
30, 821
68, 616
.845
.738
.714
.803
.714
.693
.690
' 70, 170
' 45, 955
193, 272
167, 824
4,895
' 70, 860
' 47, 125
166, 040
142, 945
3,385
.444
13, 400
6,550
157, 000
.436
r
' 86. 350
' 59, 025
155, 195
133, 815
2,832
0 429
'103,235 ' 139, 160
' 75, 075 ' 107, 525
158, 949
185, 927
139, 705
164, 654
1,904
3,263
.423
.429
108, 320
94, 885
111, 400 '111,319
.737
.732
89, 575
101, 574
.716
89,090
99, 235
' 139, 870 ' 121, 925 112, 370
' 109, 780 ' 94, 815 85, 340
63, 270
73, 905
239, 632
253, 563 ' 262, 467 252, 123
217, 604
222, 933 ' 231, 503 221,046
211, 477
192, 920
3,502
2,942
3,873
6,486
.465
.463
' 14, 400 ' 17, 600 ' 21, 250 ' 36, 920 ' 27, 400 ' 20, 660 ' 21, 200
14, 600
' 7, 350
' 6, 400
4,500
' 4, 200 ' 4, 750 ' 3, 500
4,650
3,650
163, 800 205, 000
261, 850 ' 369, 500 ' 349, 000 ' 273, 250 ' 277, 200 245, 625
10, 250
3,725
208, 000
.435
.436
.444
' 7, 415 ' 6. 830 r 8, 540
'8,945 '11,035 ' 13, 570 ' 9, 950
9,900
' 45, 350 ' 49, 250 ' 67, 800 ' 82, 050 ' 120, 850 ' 115, 875 ' 85, 300 ' 70, 650
7,190
493, 073
.166
FRUITS AND VEGETABLES
Apples:
1
110. 660
Production (crop estimate)
-thous. of bu__
2 92, 696
2,856
3,637
2.008
2,449
4,163
2,047
Shipments, carlo t
no. of carloads .
1,450
289
1,519
935
283
' 1, 439
405
5,983
22, 113
28, 000
16, 014
28, 375
Stocks, cold storage, end of month-.thous. of bu._
10, 753
2,894
282
153
1,037
238
' 6, 221 26, 844
11, 839
7,727
6,201
10, 472
11,397
Citrus fruits, carlot shipments
no. of carloads..
11, 218
11, 548
12,605
9,561
9,709
' 5, 994 ' 5, 131
5,323
Frozen fruits, stocks, cold storage, end of month
thous. of lb._ 571, 229 489, 932 496, 386 465, 137 471, 101 466, 735 475, 636 537, 679
580, 264
593, 518
578,699 ' 556, 897 534, 561
Frozen vegetables, stocks, cold storage, end of
522,076 498,340
month
thous. of lb__ 554, 175
444, 409
398, 699
348, 023
313, 708 301, 739
336, 911 385, 494
571,122
463, Oil ' 530, 091
Potatoes, white:
1
Production (crop estimate) t
thous. of bu
325, 708
2 349, 257
19, 079
24, 138
16, 378
18, 289
18, 556
22, 043
13, 534
Shipments carlot
no of carloads
24, 094
12, 825
13, 037 ' 12, 335 ' 16, 473 21, 269
Price, wholesale, U. S. No. 1 (New York)
dol. perlOOlb..
5.540
4.736
6.025
6.875
3.865
4.792
6.660
5.820
4.844
5.570
7.025
6.708
' 6. 188
l
2
' Revised
December 1 estimate.
November 1 estimate.
cf Figures beginning July 1952 exclude production of wines and vermouth; for July 1951-June 1952, such production totaled 91,000 gallons.
^Revisions for production of dairy products prior to November 1950 are available upon request as follows: Beginning 1949 for butter, cheese, and nonfat dry milk solids; beginning 1950 for
condensed and evaporated milk and dry whole milk. Revisions for fluid milk (January 1940-February 1951) will be shown later. Revised estimates for production of potatoes for 1944-49 are
shown in corresponding note in the September 1952 SURVEY.
GFigures beginning 1950 represent whole milk only; earlier data cover both whole and skimmed milk.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1052
1952
1951
October
November
December
January
February
March
April
May
June
July
August
September
October
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu_Barley:
Production (crop estimate) J
do
Receipts, principal markets.
_.do
Stocks, domestic, end of month:
Commercial
do
On farmst
do
Exports, including malt
do
Prices, wholesale (Minneapolis) :
No. 2, malting
dol. per bu._
No. 3, straight
_
__do
Oats:
Production (crop estimate) t
mil of bu
Receipts principal markets
thous of bu
Stocks, domestic, end of month:
Commercial
do
On farmsj
do
Exports including oatmeal
do
Price,wholesale,No.3,white(Chicago)-dol.perbu.Rice:
Production (crop estimate)!
thous. of bu_California:
Receipts domestic rough
thous of Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of Ib
Southern States (Ark., La., Tenn., Tex.):
Receipts rough at mills
thous of Ib
Shipments from mflls milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of month
thous. of Ib
Exports
do
Price, wholesale, head, clean (N. O.)_.dol. per lb._
Rye:
Production (crop estimate) t
thous of bu
Receipts, principal marketsf
do
Stocks, commercial, domestic, end of month.do
Price, wholesale, No. 2 (Minn.).
dol. perbu..
flour
.
do
do
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. perbu..
No 2, hard winter (Kansas City) __ __ do _.
No 2 red winter (St. Louis)
do
Weighted avg., 6 markets, all grades
do
68, 928
50, 863
52, 905
37, 529
28,794
35, 649
38,420
9,710
9,481
7,787
7,194
7,909
6,172
10, 110
23, 234
11, 264
25, 483
124, 287
2,995
22, 042
21, 005
14, 646
17, 899
1,187
3,560
5,575
20, 085
126 049
6,195
19, 002
2,305
14,798
2 38, 430
880
14, 861
3,903
19, 160
78, 131
4,024
16, 385
930
1.593
1.440
1.638
1.471
1.549
1.407
1.492
1.331
1.423
1.308
1.443
1.234
1.530
1.316
1.612
1.430
1.709
1.648
1.626
1.480
1.631
1. 545
i 2, 941
9,238
34, 498
10, 858
44, 823
10,002
32, 248
10, 486
27, 248
10, 745
18, 316
10, 487
17, 358
9,964
20, 041
9,557
14, 293
10, 194
18, 206
11,006
21,567
51, 394
1, 919. 3
10, 165
58, 785
63,788
40, 741
17, 167
6,859
3,314
2,854
18, 186
3 173 6
5,275
31, 072
7,532
32, 526
609.2
4,237
20, 772
4,521
61, 849
1, 067. 8
10, 437
50, 173
8,197
(4)
1.926
1.699
(4)
1.913
1.597
1.998
1.802
1.587
(4)
1.847
1.637
1.868
1.818
1.731
(4)
1.842
1.756
1.900
1.830
1.763
(4)
1.808
1.735
(4)
1.808
1.764
(4)
1.760
1.716
(4)
1.586
1.571
11,316
9,450
6,420
5,826
6,805
6,602
11,715
9,130
21, 604
22, 030
10, 705
2 1, 266
5,573
21, 186
17,066
12,046
30, 814
215
.887
588
.908
16,038
3 244, 646
378
.833
24, 101
503
.912
11, 785
516, 603
778
.931
9,057
208
.992
328"
.829
319"
.865
34, 204
1, 002, 436
223
.920
120, 540
80, 214
131, 132
129, 926
120, 622
73, 485
10, 200
i 254, 668
8,039
11, 518
27, 704
26, 779
1,554
1,385
1.542
1.389
1.652
1.481
7,503
9,224
31, 507
28, 173
149
.918
504
1.071
48, 220
26, 931
841,889
254
1.045
94,417
77, 966
89, 767
76, 982
2222,476
8,613
2
3, 303
12, 095
48, 645
30, 141
.907
2
i 97, 344
190, 887
44, 418
50, 534
65, 063
107, 538
65, 414
35, 882
74, 247
33, 526
28, 695
36, 124
23, 302
41, 993
12, 593
3,298
177, 837
61, 546
7,276
12, 153
65, 882
102, 340
90, 071
77, 352
76, 825
42, 642
54, 187
25, 175
32, 838
48, 200
30, 032
980, 355
295, 248
330, 758
186, 612
199, 749
177, 402
209, 432
158, 633
125, 522
125, 513
129, 682
181, 874
187, 253
217, 515
134, 497
277, 223
91, 122
211, 604
11, 757
108, 570
697, 198
157, 879
.090
719, 664
191,466
.094
676, 066
87, 408
.096
642, 963
89, 502
.100
598, 059
193, 280
.105
511, 299
104, 199
.105
442, 860
129, 517
.105
285, 248
259, 380
.105
153, 772
121,058
.105
61,979
141, 312
.105
51, 859
.105
101, 657
.104
.105
1,381
6,471
1.817
806
6,217
1.933
121,410
1,267
6,344
2.051
741
6,136
2.036
636
5,844
1.915
864
5,321
2.027
480
2,825
1.945
1.163
1,995
1.928
547
1,278
2.038
2,449
1,568
1.972
1,770
3,210
1.951
815
3, 285
1.861
2 15, 759
328
2,905
1.914
Wheat:
Production (crop estimate) total!
mil of bu
Spring wheat
do
Winter wheat
do
35, 730
47, 284
Receipts principal markets
thous o f b u
Disappearance domestic!
do
Stocks, end of month:
209, 143
223, 849
Canada (Canadian wheat)
do
United States, domestic, totalcft
do
"224," 94l" ""262," 464"
Commercial
do
Interior mills, elevators, and warehouses
thous. of bu-_
On fannst
_.
Exports, total, including
Wheat only
_
54,902
47,647
Corn:
Production (crop estimate) J
mil. of bu__
Grindings wet process
thous. of bu ""16," 424" """16," 774"
33, 948
24, 565
Receipts, principal markets
do
Stocks, domestic, end of month:
47, 299
38, 497
Commercial
- do
On farms!
mil of bu
6,158
5,161
Exports, including meal
thous. of bu_
Prices, wholesale:
1.762
1.798
No. 3, white (Chicago)
dol. per bu._
1.782
1.828
No 3 yellow (Chicago)
do
1.709
1.680
Weighted average, 5 markets, all grades. .do
r
54, 239
40, 441
i 987. 5
i 342. 0
i 645. 5
32, 396
281, 397
29, 072
24,341
341, 735
22, 191
23, 598
213. 163
216, 427
218, 333
856, 807
199, 947 ""l63,"l6l" "" 144," 640
206, 068
521, 519
124, 865
202, 564
208, 850
101, 851
88, 954
~"~33,~573" "~39,~606"
35, 186
30, 136
201, 979
113,007
339, 336
34, 807
29, 383
112, 357
80 760
201, 500
53, 349 """39," 759" ""41," 733"
36, 154
49,049
38, 565
2.597
2.540
2.565
2.472
2.568
2.541
2.625
2.488
2.517
2.452
2.488
2.404
r
2 1, 298. 9
2236.3
1, 062. 6
23,804
2
26, 284
~ ~44,906~ ~~ "467780"
42, 139
41, 297
2.546
2.519
2.555
2.471
2.505
2.492
2.547
2.422
2.540
2.496
2.492
2.436
2.503
2.492
2.440
2.414
2.485
2.446
(4)
2.405
r
87, 348
272, 211
149, 329
59, 153
43, 666
221, 963
189, 545
183,353
279, 426
308, 618
206, 608
1 341,932
313, 561
2 57, 879
3 39, 568
3 64, 449
31,812 "~2l,~4l7~ ~"~26~83Y
27, 602
17, 232
23, 385
367, 764
149, 271
507, 015
26, 716
22, 305
199, 056
3256,964
3 93, 924
2.505
2.306
2.104
2.350
2.547
2.251
2.154
2.314
2.447
2.323
2.211
2.413
2.470
2.409
2.288
2.474
242, 463
293, 878
2.504
2.416
2.329
2.519
Wheat flour:
Production:
21, 212
21,055
18, 519
19,876
18,386
17, 920
19,099
18, 065
18, 101
17, 599
19, 177
Flour
...thous. of sacks (100 lb.)__
19, 714
21,081
79.1
86.4
84.4
82.2
76.5
82.0
73.6
77.5
78.2
75.3
82.3
Operations percent of capacity
84.7
82.7
362, 804
376, 243 364, 216
429, 296
403, 215
456, 496
375, 647
352. 881
367, 535
387, 693 386, 219
Offal
-short tons
397, 000
424, 466
43, 337
46, 684
49,342
42, 025
49, 683
42, 217
43, 333
42, 234
44, 530
41, 096
44, 698
Grindings of wheat
-thous. o f b u
45, 901
49, 088
Stocks held by mills, end of month
5.033
4,701
4,360
thous. of sacks (100 lb.)_.
4,834
1,992
1,546
1,895
1,845
1,475
1,547
2.328
1,807
1,796
1,479
1,360
Exports
do
1,893
Prices, wholesale:
Spring, short patents (Minneapolis)*
5.865
6.044
5. 720
5.935
5.885
5.675
6.138
5.630
5.585
dol. per sack (100 Ib.)
5.590
5.505
'5.390
5.638
r
5.575 i
5. 650
5.600
5.850
5.600
5.710
5.713
5.325
5.225
5.500
5.225
Winter, hard, short patents (Kansas City) *_. do _ _
5. 375
5.501
' Revised.
i December 1 estimate.
2 November 1 estimate.
3 Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
* No quotation.
JThe indicated grain series have been revised as follows: Production—barley, corn, oats, 1944-49; rye, wheat, 1945-49; rice, 1949; stocks on farms—barley, corn, oats, 1944-49; wheat, 1945-49;
domestic disappearance of wheat and total United States stocks of domestic wheat, 1945-49. All revisions will be shown later.
tRevised series. Data are furnished by the Chicago Board of Trade and represent receipts at 12 ulterior primary markets; for names of markets and data for January 1948-July 1950, see
note marked "t" on p. S-28 of the October 1951 SURVEY.
cf The total includes wheat owned by the Commodity Credit Corporation and stored off farms hi its own steel and wooden bins; such data are not included in the breakdown of stocks.
*New series. Data prior to February 1951 will be shown later.
SURVEY OF CUREENT BUSINESS
December 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-29
1952
1951
October
November
December
January
February
March
April
June
May
August
July
September
October
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (Federally inspected) :
Calves
thous. of animals
Cattle
do
Keceipts, principal markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 lb_.
Steers, stocker and feeder (Kansas City)— do
Calves, vealers (Chicago)
do _ _
Hogs:
Slaughter (Federally inspected)
thous. of animals. _
Receipts, principal markets _.
__
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lbHog-corn ratio
bu. of corn equal in value to 100 Ib. of live hog-Sheep and lambs:
Slaughter (Federally inspected)
thous. of animals. .
Receipts, principal markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol per 100 Ib
Lambs, feeder, good and choice (Omaha) ..do
500
1,140
2,928
893
1,122
2,063
1,533
1 096
1,648
1,481
397
927
405
938
1,473
1,581
1 009
1 593
1,584
1 100
1 898
1 135
2 078
1 215
2 641
563
1 390
3 101
1 088
36.75
31.97
37.10
36.29
31.63
36.00
34.59
30.45
36.00
34.25
31.19
36.50
33.78
32.06
37.00
33.41
31.99
38.50
33.39
31.32
37.00
33.29
32.06
36.75
32.22
27.21
34.50
32.53
25.24
32.00
32.52
25.17
32.00
32.19
23.57
r
31. 50
32 09
22.76
32 99
5,651
3,460
6,531
4,098
6,912
4,174
6,835
4,373
5,779
3,626
5,776
3,561
5,281
3,163
4,482
2,800
4,259
2,771
3,641
2,268
4,290
2,540
5,492
3,099
457
460
344
998
200
382
133
343
985
158
143
128
388
155
392
966
152
430
185
496
426
338
602
20.09
18.30
17.74
17.42
17.07
16.56
16.58
19.61
19.25
19.96
19.98
19.11
18.55
'12.3
11.1
10.4
10.4
10.4
10.1
9.8
11.8
11.2
11.6
12.1
11.2
12.2
1,084
2,152
922
1,157
810
946
1,042
1,150
990
971
971
988
941
1,068
939
1,070
926
1,045
908
1,067
822
305
119
123
109
119
131
141
133
1,020
1,455
479
1,243
2,119
176
1,427
2 228
28.38
24.25
28 62
24.63
25 50
23.10
23 88
21.25
1,395
825
1,527
686
1,819
639
669, 445
713, 624
167, 437 ' 184, 158
1,150
1,240
801, 489
210, 086
31.00
32.00
31.00
31.31
30.75
30.50
30 25
0)
28 00
0)
26 88
(0
28 88
(0
28 12
28 38
0)
0)
1,668
531
1,841
727
1,866
966
1,977
1,146
1,715
1,264
1,656
1,313
1,557
1,320
1,476
1,201
1,444
1,161
1,418
983
645, 256
198, 647
2,189
585, 399
234, 679
656, 307
256, 247
693, 420
265, 700
1,006
557, 237
267, 437
1,116
566, 992
252, 350
610, 297
224, 432
1,636
582, 712
201, 504
1,531
659, 036
171, 444
1,666
722
788
MEATS
Total meats (including lard) :
Production (inspected slaughter)
mil. of lb—
Stocks, cold storage, end of month
_.do .
Exports
-.
do
Beef and veal:
Production (inspected slaughter)
thous. of lb—
Stocks, cold storage, end of month
_ do. .
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. 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 cold storage end of month
do
Exports
.-do _
Price, wholesale, refined (Chicago).— dol. per lb—
44
648, 917
135, 560
892
87
108
850
113
660
115
94
65
892
62
44
49
37
50
.601
.599
.579
.571
.562
.560
.564
.559
.540
.534
.559
.562
.556
47, 490
9,767
42, 803
12, 536
37, 915
13, 720
50,536
13, 840
48, 986
13, 532
48, 201
14, 896
45, 703
13, 067
45, 306
16, 141
41, 392
14, 902
38, 601
11, 814
43, 880
11,318
52, 839
f 12, 553
61, 726
12,450
971, 381 1,163,267 1, 242. 339 1, 269, 791 1, 072, 252 1, 050. 706
944, 623
820, 518
819, 934
720, 191
' 681, 587
760, 409
955, 425
718, 673
276, 255
8,899
850, 917
381, 870
7,484
905, 863
548, 604
11, 257
931,607
704, 992
10, 337
771, 472
793, 870
7,675
759, 957
822, 006
8,512
682, 678
823, 741
7,997
594, 319
727, 665
8,655
601, 250
685, 033
9,285
525, 855
542, 707
10, 833
506, 990
407, 558
5,892
571, 228
290, 931
5,673
715, 279
231, 543
.574
.557
.549
.460
.544
.427
.546
.433
.527
.423
.526
.448
.531
.430
.531
.550
.569
.535
.585
.552
.616
.612
'.571
.569
.569
.515
184, 705
31, 344
29, 808
.209
221, 097
39, 229
70, 076
.180
246, 363
53, 614
88, 194
.190
248, 037
49, 284
96, 445
.175
220, 934
53,816
100, 339
.175
213, 346
70, 803
79, 627
.153
191,803
88 821
51, 552
.145
165, 818
105,749
46, 395
.145
160, 274
132 041
29, 038
.145
141, 823
132 583
32, 421
.140
127, 696
124, 296
37, 288
.138
138, 047
109, 157
26, 611
1.143
175, 664
88,035
77, 471
259, 920
.261
87, 278
309, 943
.248
76, 887
302, 151
.284
35, 651
300,000
.275
35, 067
270, 397
.295
42, 273
232, 832
.295
41, 462
194, 965
.258
58, 058
185, 688
.225
52, 212
174, 040
.218
47, 806
157, 045
.215
52, 536
144, 508
.235
64, 955
' 182, 690
.245
81, 748
277, 200
.225
4,240
4,345
4,793
5,409
894
5,716
1,681
6,441
2,325
6,191
2,220
5,983
2,037
5,032
1,427
4,463
1,571
4,155
1,140
4,108
1,069
4,402
121, 592
230
141
238
942
67, 200
53, 055
60, 576
2 184
111, 185
3,184
145, 863
3,357
166, 419
2 728
163, 359
2,169
144, 326
1, 709
f 123, 661
992
95, 143
1,596
84, 295
95, 032
.669
.664
.496
.398
.364
.382
.396
.359
.404
.525
.553
.553
.631
111, 000
111, 000
93, 000
89, 249
84, 067
78, 125
74, 423
60, 318
54, 335
47, 200
60,948
99, 443
113, 378
6,090
.321
15, 555
.295
16, 747
.326
32, 672
.331
27, 023
.358
30, 307
.384
24 020
.381
28, 764
.384
28, 764
.378
12, 977
.381
9,043
.354
8,705
.333
.341
1,792
1,089
1,725
1,008
1,609
945
1,604
871
1,331
758
1,521
899
1,015
626
953
566
1,024
624
1,177
719
1,455
924
1,601
1,045
1,456
846
1,742
1,882
2,048
1,978
2,280
2,042
1,707
1,126
1,227
1,408
1,454
1,870
r
r
.143
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of lb. _
Stocks, cold storage, end of month
do
Price, wholesale, live fowls (Chicago) §.dol. per lb—
Eggs:
Production, farm
__
millions
Dried egg production
thous. of lb—
Stocks, cold storage, end of month:
Shell
thous of cases
Frozen
thous. of lb
Price, wholesale, extras, large (Chicago)
dol. per doz—
370
527
357
429
T
758
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' sales*_.thous. of dol—
Cocoa:
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.- ..
thous. of lb—
Stocks, cold storage, end of month
do
r
736
562
689
658
955
966
850
756
691
579
605
889
611
.545
.543
.541
.550
.550
.548
.535
.533
.530
.545
.548
.545
.540
50, 468
171, 924
38, 843
179, 135
25, 946
168, 792
23, 139
148, 113
29, 224
125, 704
37, 963
113, 996
51, 4/8
113, 544
58, 606
123. 762
72, 504
152, 396
76, 851
176, 254
64, 754
183, 826
54, 114
189, 208
200, 944
Revised.
1 No quotation.
§Series revised to represent quotations for heavy type.
*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing estimated total sales by manufacturers of confectionery and competitive chocolate products. The figures exclude sales of chocolate coatings and cocoa produced by chocolate manufacturers and sales by manufacturer-retailers with a single business location. Revised data for
January 1949-June 1951 are shown in corresponding note in the September 1952 SURVEY.
|For revised data for July 1949-October 1950, see note marked "J" on p. S-29 of the January 1952 SUEVEY.
SUKVEY OF CUREENT BUSINESS
S-30
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1952
1951
October
Decem-
ber
ber
January
Febru-
ary
March
April
May
June
July
August
Septem-
October
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish
United States:
Deliveries and supply (raw basis) :
Production and receiptsProduction
short
Entries from off-shore
Hawaii and Puerto Rico
tons_.
r 1, 176
577
427
718
1,883
3,033
4,033
4,423
4, 388
3,970
3,645
3,320
2,895
tons .
do
do _ _
464, 289
444, 726
92, 575
627, 848
314, 637
102, 389
472, 810
164, 866
155, 925
84, 442
364, 959
72, 083
32, 439
293, 390
40, 217
24, 680
692, 525
221, 145
29, 006
596, 991
180, 047
18, 150
673 682
200, 747
46, 465
503 896
142, 458
34, 190
617 564
167, 422
9,971
573, 936
177, 671
91, 126
725 621
237, 299
602, 545
387 590
273, 166
546, 529
544, 224
2,305
556, 802
536, 614
20, 188
581, 376
578, 699
2,677
544, 553
542, 900
1, 653
862, 480
860, 405
2,075
612, 641
608, 995
3,646
596, 990
595 062
1,928
896, 355
894 103
2,252
758, 308
755 061
3,247
734, 684
731, 376
3,308
744, 355
742 146
2,209
680, 035
677 919
2,116
1,540
1,005
1,756
18, 264
1,613
867
1,473
1,122
1,241
11,522
1,283
25, 423
1,400
31, 620
1,114
28, 369
917
6,116
831
2,525
697
649
1,045
237 419
226, 225
11 191
75, 340
74, 217
1 120
246, 416
223, 704
22, 708
275, 173
232, 234
42 938
398 577
307, 151
91 394
344 860
281, 355
62 886
436 800
310, 072
126 728
358 007
198, 421
159 587
356 970
208,611
148 359
345, 357
245, 485
82, 308
305 205
240, 343
63 861
45 251
45, 251
4 426
4,424
1
0
10, 221
10, 220
22 073
21,873
27 245
26, 895
52 053
51, 403
31 464
30, 664
36 198
35, 524
38 106
33, 287
43, 038
41, 012
46 738
43, 590
dol per Ib
.059
.060
.058
.058
.059
.063
.062
.062
.066
.066
.066
.065
.066
dol per 5 Ib
dol per lbthous. of Ib
.486
.081
4,945
.482
.081
5,842
.482
.081
6,713
.483
.081
7,769
.480
.080
6,659
.476
.080
9,855
.489
.085
8,798
.492
.085
7,132
.492
.085
7,044
.494
.086
8,482
.494
.086
8, 094
.495
.086
9,506
.495
.086
' 679, 382
Deliveries, total
..
do
For domestic consumption
do
' 677 214
For export
do _ . _
' 2, 169
Stocks, raw and refined, end of month
1,169
thous. of short tons._
Exports, refined sugar
short tons. .
1,470
Imports:
242, 519
Raw sugar total
do
226, 799
From Cuba
do
11 984
From Philippine Islands
do
Refined sugar, total
From Cuba
Prices (New York) :
Raw, wholesale
Refined:
Retail
Wholesale
Tea, imports
do
do
.
TOBACCO
Leaf:
Production (crop estimate) J
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. of Ib
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports including scrap and stems
thous of Ib
Imports including scrap and stems
do
Manufactured products:
Production manufactured tobacco total
do
Chewing, plug, and twist
do
Smoking
do
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
millions
Tax-paid
do
Cigars (large), tax-paid
.thousandsManufactured tobacco and snuff, tax-paid
thous. of lbExports, cigarettes
millions
Price, whosesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination*
dol. per thous_
r
r
2 2, 231
i 2, 328
4,271
r
4,245
350
402
3, 732
3,648
3,951
3, 828
r
362
387
r
3,410
3 244
87 519
13, 702
60 337
10 303
18
170
60 623
5,734
33 836
8,572
29 752
8 862
19
176
25 891
7,466
18 126
7,685
27 078
8,978
19
179
27 497
7 987
26 087
8 966
34 730
9,619
18
161
50 451
9,173
18 292
7,120
8 017
3,154
20 624
7,853
9 243
3,528
14 958
5,739
6,018
3,201
19 884
7,516
8,619
3,749
18 553
7,253
7,826
3,473
17 912
6,705
7,729
3,478
18 048
6,898
7,852
3,298
18 892
7,328
8 456
3, 109
18 444
7 324
7 995
3, 126
16 319
6 827
7 230
2,263
18 554
7,011
8 373
3, 170
20 051
7,366
9 406
3,279
3,416
37, 477
590, 616
3,708
33, 994
554, 341
3,508
23, 847
367, 906
4,141
33, 133
494, 556
2,974
29, 308
446, 560
3,107
29, 878
478, 101
2,889
31, 774
491, 964
3,348
32, 920
496, 512
2 365
34, 511
496, 450
2 833
33, 837
504, 045
4 366
35, 972
485, 006
14, 374
1,208
24,005
1,742
14, 353
1,443
19, 450
1,517
18, 490
1,215
16, 759
1,566
18, 076
941
18, 331
1,492
18, 443
1,043
15, 744
1,329
18, 787
1,810
19, 287
1,266
21, 392
3.555
3.555
3. 555
3.555
3.555
3.555
3.555
3.555
3.555
3.555
3. 555
3.555
3.555
T
4 325
34, 950
526, 696
r
37,348
624, 867
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins t
thous. of lb._
Calf and kip skins
thous. of pieces
Cattle hides J
_.
.._
do .
Goatskins t
do
Sheep and lamb skins
do
Prices, wholesale (Chicago) :
Calfskins, packer, heavy, 9^i/15 Ibs.* dol. per lb._
Hides, steer, heavy, native, over 53 Ibs.*- -.do
LEATHER
Production:
Calf and kip
thous. of skins
Cattle hide
thous. of hides
Goat and kid
thous. of skins
Sheep and lamb do
Exports:
Sole leather:
Bends, backs, and sides
thous of Ib
Offal, including belting offal ._
do
Upper leather
thous. of sq. ft
Prices, wholesale:
Sole, bends, light, f. o. b. tannery*
dol. per l b _ _
Upper, chrome calf, B and C grades, f. o. b. tannery*
dol. per sq. ft._
13, 057
78
158
1,821
2,358
925
11, 426
110
116
1,864
1,133
12, 972
81
186
2,367
668
10, 717
26
109
1,613
880
10, 388
27
74
1,770
1,998
16, 447
169
128
1,812
3,228
12, 771
127
239
2,015
1,565
19, 148
164
133
2,419
4,224
19, 460
211
232
3,416
1,903
16, 003
209
75
2,648
2 520
.475
.310
.399
.216
.379
.188
.400
.140
.375
.133
.325
.128
.275
.103
.388
.143
.388
.148
.425
.155
.450
.175
'.475
.160
605
1,861
2,019
2,137
567
1,750
1,847
2,159
601
1,555
2,066
1,881
717
1,880
2,614
2,047
805
1,862
2,513
2,279
732
1,753
2,430
2,081
792
1,782
2,440
2,102
703
1,880
2 337
2,291
769
1,827
2 417
2,315
685
1 610
2 595
1,911
914
2 293
2 718
967
1 879
2 381
2 555
3
7
1,118
18
89
2,621
17
82
2,321
8
43
1,549
27
113
1,925
60
76
2,482
16
49
2,587
10
20
2,436
25
35
2 270
56
73
2 134
39
45
r 2 798
75
51
2 288
.800
.780
.780
.760
3
.740
.710
.670
.670
.705
.705
.710
.695
.906
.807
.808
.787
3.842
.842
.835
.805
.848
.873
.890
.928
21, 212
105
202
1,814
r 1 910
11,963
194 .. _
90
2 804
1 100
.488
.160
.690
.938
1
2
3
Revised.
December 1 estimate.
November 1 estimate.
Specification changed; earlier data not strictly comparable.
{Revisions for tobacco (1944-49) are shown in note marked "§" in the September 1952 SURVEY; those for the indicated series for hides and skins (1950) in note marked "t" in the October
1951 issue.
*New series. Compiled by 17. S. Department of Labor, Pureau of Labor Statistics', data prior to August 1951 for sole leather and prior to February 1951 for upper will be shown later.
r
SURVEY OF CURRENT BUSINESS
December
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Surwey
S-31
1951
October
November
December
anuary
February
March
April
May
June
July
August
r
September
October
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers :t
Production, total
thous. of pairs
Shoes, sandals, and play shoes, except athletic,
total
_
thous. of pairs
By types of uppers: cf
A 11 leather
do
Fart leather and nonleather
' do
By kinds:
Men's
do
Youths' and boys'
do
Women's
do
Misses' and children's
do
Infants' and babies'
do
Slipners for housewear
do
Athletic
do
Other footwear.. _ _ _.
__
__ _.. do
Exports^
do
Prices, wholesale, f. o. b. factory:*
Men's and boys' oxfords, dress, cattle hide
upper, Goodyear welt
dol. per pair...
Women's oxfords (nurses'), side upper, Goodvear welt
dol per pair
"Worn en 's and misses' pumps suede split do
38, 783
34, 884
32, 227
41,306
42, 518
43, 967
43, 082
41, 436
39, 747
38,520
46, 552
44, 100
32, 822
29, 462
28, 794
38, 290
39, 133
40, 142
38, 879
37, 248
35, 408
33, 946
40, 703
37, 842
29, 450
3,372
26, 262
3,200
25, 511
3, 283
33, 694
4,596
34, 081
5,052
34, 408
5,734
32, 658
6,221
31, 536
5,712
30, 735
4, 673
29, 938
4,008
36, 385
4 318
33, 906
3 936
8, 755
1 319
15,713
4, 321
2,714
5, 395
7, 739
1 097
13,711
4,290
2, 625
4, 930
7, 023
1,068
13, 740
4, 356
2. 607
3, 032
8,577
1.263
19, 676
5,623
3, 151
2,511
8, 541
1 371
20, 365
5, 667
3, 189
2,851
8, 531
1 374
21,191
5, 785
3, 261
3, 277
8, 613
1 369
20, 363
5,292
3, 242
3, 647
8, 462
1 492
18, 973
5,168
3,153
3, 626
8,279
1,586
17, 926
4,728
2,889
3,816
7,256
1,485
18, 385
4, 393
2,427
4,070
8, 986
1 949
21,910
5, 135
2,723
5,249
8 775
1 826
19? 419
5, 040
2 782
5 638
205
361
229
180
312
359
176
225
302
216
289
219
233
301
321
223
325
400
216
340
386
209
353
352
181
342
280
169
335
246
234
366
331
264
356
386
5. 623
5. 586
5. 523
5. 523
5. 523
5. 523
5.311
5. 126
5. 126
5. 126
5. 126
5.126
5. 126
4. 836
3 933
4.711
3 933
4. 67S
3 890
4.678
3 801
4.861
3 767
4.861
4. 678
4.646
4.646
3 700
4.479
3 700
4 479
3 700
4 479
3 700
4 479
3 700
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products
M bd ft
Imports, total sawmill products. _.
.do
National Lumber Manufacturers- Association:©
Production, total
mil. bd ft
Hardwoods
do
Softwoods
do
Shipments, total
do
Hardwoods
do
Softwoods
do
Stocks, gross (mill and concentration yards), end
of month, total
mil bd ft
Hardwoods
do
Softwoods
do
SOFTWOODS
Douglas fir:®
Orders, new. _ ....... .
do ..
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, gross, mill, end of month
do
Exports, total sawmill products
M bd. ft._
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4", R. L.
dol. per M bd. ft...
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M bd. ft
Southern pine:©
Orders, new
.
mil. bd. ft
O rders, unfi lied , en d 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 bd. ft .
Flooring, B and better, F. G.. I" x 4" x S/L*
dol. per M bd. ft...
Western pine:©
Orders, new
mil. bd ft
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
dol per M bd ft
106,032
232, 368
81, 223
213, 663
80, 437
160, 885
i 45, 873
142, 814
94, 248
168, 653
69, 868
203.316
75, 651
190, 425
68, 990
209,112
61,137
221,006
47, 533
183, 140
65 135
200, 342
48 534
227 340
3, 262
2, 978
2. 958
3, 162
3, 030
3,158
3,196
604
2, 426
2 996
692
631
2,248
2, 566
3 030
612
2,605
2, 763
3 450
2 392
2 461
705
2,693
3 305
656
2 649
701
2, 550
3 217
614
2.544
2 999
558
2,441
3 398
r 3 4^4
670
2,288
2 950
645
2, 305
612
2,179
2 879
597
2,353
2,743
567
2,176
2,777
574
2,203
626
2. 385
2,950
2,494
558
1,936
2,402
518
1,884
2, 805
640
2.622
3, 194
565
2,629
2 764
2, 836
3 496
72()
2 776
7,998
2,917
5,081
8, 025
2,913
5,112
8,110
2, 952
5,158
8, 206
3,082
5,124
8,127
3, 077
5,050
8,106
3, 075
5,031
8 016
3,075
4 941
8,046
3, 075
4,971
8 204
3, 131
5 073
8 343
3,192
5 151
8 436
3 241
5 195
8 451
3 256
5 194
8 509
3 228
5 281
884
946
909
913
738
828
831
844
755
904
717
668
883
814
1,030
1, 001
830
833
806
961
860
835
906
904
919
949
727
848
746
771
775
828
829
784
900
990
778
727
913
812
961
888
47, 677
20, 823
26, 854
875
43, 714
21,143
22, 600
924
43, 652
1 4, 856
28, 796
971
15,250
9, 1 10
6, 140
968
55,541
17.657
37, 884
993
37, 254
9,292
27, 962
903
43, 300
19 090
24, 210
878
32, 496
10, 498
21, 998
923
31. 621
7, 121
24, 500
865
921
920
920
948
19, 542
8,886
10, 656
948
36, 450
12 369
24, 081
1 007
902
18, 856
7 °68
11, 588
919
758
943
929
945
593
799
752
604
630
569
685
3 528
82. 648
81. 741
81. 368
81. 508
82. 467
82. 887
85. 239
84. 840
84. 840
86. 303
86. 436
>• 86. 576
p 86. 576
129. 842
128. 617
128. 209
126. 575
126. 575
125. 432
125. 759
124. 942
122. 868
121. 234
120. 418
120. 418
120. 418
772
381
692
761
604
337
660
648
522
310
595
549
748
312
791
746
712
327
707
697
700
318
688
709
744
300
758
762
749
296
780
753
752
334
699
714
756
326
735
764
759
365
705
720
776
372
747
769
802
376
787
798
1, 518
16, 996
3 522
13,474
1,530
9, 505
2 714
6,791
1, 576
1 1, 665
3, 725
7, 940
1, 621
8,878
1 , 390
7,488
1, 631
11,975
2 595
9, 380
1, 610
10, 278
2 400
7,878
1,606
10 276
1 364
8,912
1,633
11.025
5 673
5, 352
1,618
8, 150
I 993
6, 157
1, 589
6, 477
1 928
4, 549
1, 574
5 985
1 351
4,634
1,552
5 317
1 l r >2
4' 165
1,541
79. 735
80. 612
80. 797
80. 642
80. 196
79. 765
79. 676
79. 662
78. 815
79. 250
80.260
r 81. 483
p 81. 548
155. 061
155. 061
155. 061
155.061
155. 061
155. 061
155.061
155. 061
155. 406
156. 068
158. 322
r 158. 358
*> 159. 086
699
594
496
552
498
716
393
447
684
335
454
608
609
714
602
579
490
680
739
745
698
646
472
365
441
465
451
473
602
564
579
501
592
571
548
698
633
610
753
678
737
719
737
656
737
687
675
709
650
657
747
706
1, 857
1,879
1, 820
1, 690
1,609
1,585
1,594
1,615
1, 680
1,755
1 805
1 864
1 905
78.85
78. 17
78. 74
78.58
79 22
80 39
82 10
82 28
83 51
83 50
83 54
83 23
p 83 23
269, 140
257, 872
110, 150
187, 341
189, 508
108, 524
176, 257
195, 384
88, 454
244,011
238,911
92, 577
253, 003
260 815
85 003
269, 857
269 732
85 350
282, 864
282 070
85 800
231, 160
230 155
r go 033
269, 066
273 123
81 849
224, 756
211 998
92 747
••281,488
r 274 449
292, 391
290 205
102 446
SOFTWOOD PLYWOOD
Production
thous. of sq. ft., %" equivalent..
Shipments
do
Stocks, end of month
do
r 101 103
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, n e w _ _
M bd. f t _ _
4, 800
3,700
3,150
3, 350
3,600
3,575
2, 850
3,550
3. 550
4,100
3, 450
3,900
4, 050
Orders, unfilled, end of month
do
12, 950
12^300
13, 500
13, 050
11 700
12, 250
10 200
9 600
10 700
9 700
9 650
9 600
9 500
Production
do
4 750
4 500
3 750
3,900
4 350
4 150
3 000
3 650
3 400
4 300
3 900
4 200
4 000
Shipments
do
4,350
3, 600
3,750
3,550
3 675
3 800
3 650
3 350
4 250
2 950
3 550
3 800
4 250
Stocks, mill, end of month
...
do
7.575
6.900
7.300
9 675
8.900
8.' 650
9. 575
9. 400
9. 475
8.600
8.250
8.050
10 175
r
Revised.
* Preliminary.
1 Data beginning January 1952 have been adjusted to conform to the 1952 revision of the export schedule.
^Revisions for January-October 1950 are available upon request.
cf'The figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further
small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available by
types of uppers.
§Excludes "special category" items.
*New series. Data are compiled by the U. S. Department of Labor, Bureau of Labor Statistics: monthly data prior to March 1951 (February 1951 for softwoods) will be shown later.
© Revised monthly data for 1948-50 will be shown later.
S-32
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1052
1951
October
November
19 52
December
January
February
March
April
September
October
75, 162
61, 721
80. 074
81, 531
75, 371
81,178
61. 132
82, 021
84, 132
73, 260
87, 303
57, 998
91, 034
94, 691
69, 603
302, 285
36, 708
111, 957
7,601
367, 882
21,991
142, 036
8,024
2,201
906
1,295
6,590
1,299
5,291
6 127
3,060
3 067
7,027
1,379
5,648
6,007
3,270
3,207
7,045
1,388
5.658
2, 783
1, 805
9,906
14, 974
15, 992
8,888
15, 912
16, 301
8,500
June
July
84, 306
78, 777
84, 953
84, 671
77, 257
64, 926
69, 938
79, 701
77, 844
77, 096
70, 446
66, 775
79, 941
79, 428
77, 609
529, 393
29, 928
99, 315
7,635
339, 759
42, 058
92. 539
2,829
223 832
54, 735
89, 559
4,805
2, 295
985
1,309
6,245
1,272
4,973
May
August
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING—Continued
Oak:
Orders, new .
Orders, unfilled, end of month
Production
Shipments _
__
_
Stocks, mill, end of month
M bd. ft
do
do
do
do
83, 335
66,613
86, 628
85, 372
64, 688
57, 156
54, 985
81, 035
73, 263
72, 460
49, 607
53, 002
64, 181
54, 554
82, 087
77, 919
56, 995
78, 657
73, 926
86, 818
87, 840
67, 795
73, 094
77, 040
82, 872
80, 919
76, 931
75, 660
77. 366
81, 168
89, 018
79, 142
82, 922
84, 643
77, 817
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, total
short tons
ScrapO - --_ --. . -_- .
do Imports, total
do
Scrap _ _ _ _ _ _ _
__
do
p
r
296, 081
20, 651
248, 186
17, 417
344, 232
21, 533
219, 559
24,630
416, 700
19,115
257, 307
22, 013
402, 297
21,992
235, 432
15, 169
406, 835
16, 247
182, 090
9,285
502, 778
17, 074
148, 562
12,115
483, 074
21, 200
119,661
13, 441
6, 574
3,409
3,165
4,492
1,255
3,237
6,268
3,244
3,024
4,422
1,240
3,183
6,141
3,166
2,975
4, 366
1,199
3, 168
6,549
3,426
3,123
4, 356
1, 166
3,190
6,241
3,215
3,026
4,697
1,153
3,544
6,611
3,407
3,204
5,072
1 178
3,894
6, 004
3,027
2, 977
5,473
1,236
4,238
6,014
3,034
2,980
5,861
1,263
4,598
13, 900
14, 623
5,639
7,052
7,500
5,182
3,682
3,132
5,794
3,704
2,108
7,404
3,605
2,160
8,849
3,714
2,341
10,236
9,073
8,655
10, 629
13, 693
13, 769
10, 551
11,089
7,749
50, 229
43, 425
6,804
1,105
5. 695
7,624
49, 099
42, 258
6,841
740
791
7, 639
43,711
37,315
6, 396
656
0
7,527
35, 927
30, 369
5,558
659
0
7,229
29, 207
24, 693
4,514
624
0
8.022
21, 451
18, 082
3,369
674
6,532
6,616
19, 592
16, 487
3,105
687
12, 497
6,932
25, 904
22,230
3,675
699
2,487
1,403
27,170
22, 611
4,559
860
1,904
1,544
27, 388
22, 904
4,484
726
14, 368
7,243
34, 137
29, 449
4,688
847
14, 389
7,659
41,532
36, 206
5,326
1,172
68
79
65
78
70
73
80
63
47
58
63
64
1,983
1,302
733
1,934
1,184
674
1,847
1,033
583
1,801
1,199
694
1,766
1,155
655
1,711
1,172
661
1,614
1,205
653
1,459
1,101
620
1,446
835
502
1,410
636
432
1, 513
1, 002
'602
1,451
1,119
626
238, 019
93, 884
58, 251
220, 740
88, 210
53, 682
215, 134
76, 045
45, 543
202, 799
87, 003
54, 988
193, 061
82, 898
50, 129
196, 896
80, 960
49, 084
198,215
89. 270
56, 337
180, 382
81, 770
51, 476
173, 353
74, 446
46, 511
166, 517
45, 266
29, 675
162, 832
63.716
39, 308
168, 367
75, 950
45, 849
6,197
6,274
5,911
5,922
5,977
5, 916
6, 040
6,106
5,785
5,756
6,300
6,219
5,225
5,280
5,492
5,402
1,068
1,110
1,003
946
5,831
5,671
6,164
6, 007
Iron and Steel Scrap
Consumption, total§
thous. of short tons
Home scrap
_
_
do
Purchased scrap
do
Stocks, consumers', end of month, total§
do
Home scrap
do
Purchased scrap
do
Ore
Iron ore:
All districts:
Mine production
thous. of long tons
Shipments
do
Stocks, at mines, end of month
_
do
Lake Superior district:
Shipments from upper lake ports
do
Consumption bv furnaces
do
Stocks, end of month, total
do
At furnaces
do
On Lake Erie docks
do
Imports
do
Manganese ore, imports (manganese content)
thous of long tons
' 1, 552
3, 163
8,940
p
p
p
13,013
8,048
47, 839
41, 699
6, 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. _
r
T
1,844
1,811
1, 751
1,761
1.764
1, 789
1, 715
1, 729
1,669
1,689
1,801
1 864
53.67
52.00
52.50
53.67
52.00
52. 50
53.67
52.00
52.50
53. 67
52. 00
52.50
53.67
52.00
52.50
53.67
52.00
52.50
53. 67
52. 00
52.50
53.80
52.00
52.50
53.81
52.00
52.50
54.26
52.00
52.50
56.31
54.50
55.00
56.31
54. 50
55.00
6,515
56.31
54. 50
55.00
Steel, Crude and Semimanufactures
Stee^ castings:
174, 626
176, 728
183, 738
173, 694
119, 036
150, 232
189, 929
165, 110
175, 075
173, 635
141, 628
Shipments, total
short tons
139, 488
131, 276
123, 448
133, 602
134, 325
97, 633
113, 997
139, 953
131, 997
132, 129
114,410
For sale, total
do
34, 524
36, 650
32, 118
20, 752
32, 733
31,317
33, 549
24,013
39, 290
35, 227
30, 455
Railway specialties
..
do
Steel forgings:1f
1, 426, 645 1, 446, 118 1, 410, 646 I, 471, 620 1, 464, 255 1, 359, 752 1, 349, 288 1, 318, 889 1, 248, 204 1, 289, 597 1, 377, 784
Orders unfilled, total
do
176, 342
190, 774
176, 441
96, 828
191, 483
165, 023
187, 487
168, 286
155, 840
135, 398
118,033
Shipments for sale total
do
129, 761
119, 047
109, 014
125, 736
114, 271
69, 165
125, 042
130, 675
127, 768
101, 861
Drop and upset
do
78, 837
61,013
62, 445
56, 009
48, 673
41, 569
27, 663
39, 196
60, 808
57, 295
42, 550
33, 537
Press and open hammer
do
Steel ingots and steel for castings:
9, 136
9,404
9,122
8,799
8,891
8,657
7,991
1,639
1,627
8, 205
8,499
Production
thous. of short tons
99
103
102
103
101
90
89
18
18
92
Percent of capacitvj
101
Prices, wholesale:
.0471
.0476
.0471
.0471
.0471
.0471
.0471
.0471
.0498
Composite, finished steel
dol. per lb-_
.0471
.0471
Steel billets, rerolling (producing point)
56.00
56.00
56.00
56.00
56.00
56.00
56.00
56.00
56.00
56.00
59.00
dol. per short ton_.
.0400
.0400
.0400
.0400
.0400
.0400
.0400
.0400
.0400
.0400
Structural steel (producing point)
dol. per lb._
.0420
Steel scrap, heavy melting (Pittsburgh)
44.00
44.00
44.00
44.00
44.00
44.00
44.00
44.75
44.00
44.00
44.00
dol. per long ton.-
158,392
121,402
19, 930
9,062
102
9,807
107
.0498
.0498
59.00
.0420
59. 00
.0420
44.00
44.00
5,733
2,188
41
5,430
2, 277
36
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousandsShipments
do
Stocks, end of month
___ .
do
1
nevisea.
8,036
2, 511
26
7,294
2,147
32
7,830
2,176
31
8,126
2,085
66
7,570
1,961
59
7,737
2,008
58
7,484
2,207
51
7,052
2,117
48
6,406
1,655
35
6,502
1,629
25
6,133
1,964
34
OData beginning 1951 have been adjusted in accordance with the revised export schedule to exclude exports of tinplate, circles, strips, etc.
§Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 establishments by the Bureau of Mines and the Bureau of the Census.
IjThe Bureau of the Census estimated industry totals beginning May 1951 are based on reports from forge shops (shipping 50 tons or more per month) which account for over 95 percent of
all forgings produced. For May, shipments by the additional plants increased total shipments 7 percent (based on revised data); for total unfilled orders, the adjusted May figure is increased
27 percent and also includes orders for the manufacturers' own use.
JFor 1952, percent of capacity is calculated on annual capacity as of January 1, 1952, of 108,587,670 tons of steel; 1951 data are based on capacity as of January 1, 1951, of 104,229,650 tons.
SURVEY OF CURRENT BUSINESS
December 1!)52
e stated, statistics through
iptive notes are shown in the
1 Supplement to the Survey
S-33
19 52
1951
October
November
December
January
February
March
May
April
July
June
Sept
be
August
October
METALS AND MANUFACTURES—Continued
4ND STEEL— Continued
1
factured Products— Continued
pments (in terms of steel consumed),
short tons
do
do
sale,. ._
-._ __
..do _
^ures, production
millions
3tion
__
thousand gross
net shipments:
. thous. of short tons
lied— Carbon and alloy
do
Reinforcing
do
ictures. _ _ _ _ _
do__ _
bes
do
do.. .
do
do . .
rolled
do
rolled- __. _ _
_
_ do _ _
hapes, heavy
do
id terneplate
do
ire products
do
374, 200
254, 635
119, 565
333, 018
1,026
24, 625
263, 468
156, 035
107, 433
229, 422
235, 107
140, 325
94, 782
203, 902
234, 372
143, 997
90, 375
195, 980
235, 648
144,439
91, 209
199, 445
266, 920
157, 279
109, 641
228, 841
19, 900
16, 903
22, 717
24, 316
6,844
785
170
315
809
684
165
1,716
184
199
442
394
505
6,509
778
155
283
784
666
136
1,693
165
184
421
327
479
6,411
154
180
409
352
441
6,589
797
168
285
811
707
156
1,644
180
186
427
298
477
72, 647
275, 407
72, 246
229, 563
72, 454
203, 624
820
774
748
162
313
777
708
146
1,590
277, 629
175,158
102, 471
239, 311
1,071
30, 241
333, 416
218, 947
114,469
287, 127
1 010
30, 773
423, 894
293, 370
130 524
388, 040
25, 357
287, 223
173,414
113,809
240, 976
1,104
27, 774
28, 531
465 820
348 906
116 914
421, 221
r
1 126
29, 462
6,358
757
158
268
795
711
138
1,534
158
171
437
359
448
6,890
801
193
317
872
784
162
1,609
156
170
431
478
465
5,922
693
144
292
718
658
128
1,434
143
143
354
398
422
5,947
740
158
305
723
637
133
1,484
140
156
361
334
403
1,250
1,414
6,312
76, 934
325, 071
72, 374
212, 481
77, 069
311, 137
76, 880
209, 286
80 803
248, 033
77 476
272, 633
976
962
896
998
123
28
55
182
110
11
321
62
33
36
104
85
460 155
348, 500
111 655
405, 368
1 146
32, 983
127
155
428
479
416
6,542
787
181
352
797
649
148
1,639
156
192
386
412
447
85 175
305 987
76 882
323 849
77 312
130
35
120
152
107
3
425
59
35
29
125
108
744
188
306
717
680
121
1,567
S METALS AND PRODUCTS
rimary
short tons
ite
long tons
le, scrap castings (N. Y.)
dol. per lb__
cated products, shipments,
mil. of Ib
do
ucts, total c?1--do
and strip
do
lolesale price, mill
dol. per lb_.
ction, recoverable copper
short tons..
e or smelter, including custom in_ .shorttons..
do
ined, domestic
._
. ...do ___
1, end of month
do
p»d and manufactured
do
do
ncluding scrap
do
do
le, electrolytic (N. Y.)..dol. per l b _ _
78 368
318, 763
.0775
.0775
.0775
.0775
.0775
.0775
.0775
.0768
.0725
.0708
.0740
.0750
.0750
189.6
45.4
144.1
82.5
.383
180.8
41.7
139.2
78.8
.383
175. 2
40.9
134. 3
75.5
.383
193.8
44.6
149.1
81.3
.383
191.3
45.0
146.3
78.7
.383
200.1
46.4
153.6
82.9
.383
209.7
49.8
159.9
85.1
.383
205.5
47.8
157.8
86.5
.383
200.9
45.3
155.5
87.7
.383
188 8
40.1
148.7
86.1
.402
206 3
46.8
159.6
92.2
.402
165.7
95.8
.402
183.8
107.6
.402
81, 077
76, 917
78, 939
77, 691
72,564
78, 851
80, 332
81, 996
74, 032
76, 207
87, 896
104, 148
125, 286
78, 192
9,864
42, 943
18, 164
24, 779
.2420
82, 617
103, 614
123, 646
68, 160
16, 488
39, 714
13,151
26, 563
.2420
86, 680
98, 532
119, 577
71, 528
16,599
36, 021
19, 229
16, 792
.2420
83, 192
100, 269
130, 430
60, 836
1
10, 598
49, 580
16, 674
32, 906
.2420
80, 876
95, 979
104, 795
59, 747
12, 842
41,941
28, 361
13, 580
.2420
87, 110
94, 563
112,625
58, 487
15, 303
48, 272
25, 928
22, 344
.2420
89, 479
98, 402
107, 355
61, 223
19, 494
42, 948
23, 354
19, 594
.2420
92, 946
97, 593
105, 860
55, 351
20, 252
37, 172
14, 342
22, 830
.2420
80, 392
92, 151
98, 416
70, 856
18, 347
33, 061
26, 338
6,723
.2420
81, 601
96, 049
115,384
73, 657
15 435
65, 847
38, 883
26, 964
.2420
r
r
r
T
74, 104
r
79, 368
95 366
127, 910
83 771
14 604
61, 111
21, 355
39, 756
.2420
r
r
74, 820
78, 752
82, 426
98 930
135 486
71 456
20 945
67 817
25 605
42 212
.2420
84, 353
105, 770
136, 964
59, 760
.2420
ent) :
ction
short tons
smelters, domestic ore
do _ .
ary refineries) :
do
domestic)
do. ..
of month
do
le, pig, desilverized (N. Y.)
dol. per lb_, except mfrs. (lead content)
short tons..
33, 110
31, 806
32, 326
28, 775
33, 499
27, 273
34, 381
28, 501
34, 337
40, 148
33, 662
41, 251
34, 363
35, 762
33, 767
36, 149
31, 702
32, 962
29, 849
28, 829
30. 249
32, 393
30 226
32 919
32 910
33, 770
34, 273
31, 164
26, 742
36, 234
37, 084
25,871
36, 754
37, 274
25, 339
43, 746
40, 390
28, 578
44, 133
41, 291
31,297
48, 943
39, 161
41, 040
39, 329
38, 225
41,820
45, 546
28, 591
58, 775
38, 987
39, 563
58, 190
37, 489
51, 534
44 140
41 836
45, 499
39 767
42 791
49 850
31 837
51 521
43 150
37 718
.1900
.1900
.1900
. 1900
. 1900
.1900
.1892
.1573
. 1526
.1600
.1600
.1600
.1440
20, 707
20, 009
25, 765
15, 390
42, 460
81, 496
57, 770
73, 435
67, 611
32, 765
40,196
47, 440
g
pig
id of month, total§
t§
long tons..
. .do.. .
do
do
do
2, 353
5, 014
22, 905
11, 292
11 508
2,055
4,595
20, 358
8,308
11,909
1,972
4,397
17,843
6,753
11,018
1,984
4,879
14,751
4,525
10, 125
1, 990
4,524
13, 297
3,617
9,567
2,022
4,489
18, 242
9,004
9 119
1, 989 *
3,919
26, 172
15, 458
10 645
1,952
3,751
33, 093
22 741
9 820
2 189
1,789
26, 301
15 904
10 358
2
163
1, 933
31 037
21 009
9 996
2
231
4,553
25 233
16 411
8 140
2,732
6 508
25 273
15 534
9 361
do
do
dol. per lb._
4, 545
1,969
1. 0300
643
1,188
1. 0300
1,820
1,591
1. 0300
144
1, 005
1. 0973
7,752
1. 2150
10, 894
1. 2150
934
1. 2150
7,418
1. 2150
3 070
9 951
1. 2150
5 481
6 619
1. 2150
2 378
8 501
1. 2150
1 136
7 586
1. 2138
short tons. .
60, 546
57, 195
57, 269
59, 523
59, 098
61, 292
60, 443
63, 017
58, 063
50, 231
49,402
' 48, 706
do
total
do
_
. do
of month
do
le, prime Western (St. Louis)
dol. per lb_(zinc content)
short tons _ .
?, refining, and export
do
c consumption:
3ontent)
do
gs, etc
_
do
79, 432
73, 583
68, 365
23, 084
79, 376
77, 419
70, 084
25, 041
81,769
84, 909
73, 694
21, 901
83, 205
78, 403
75, 039
26, 703
77, 296
77, 448
70, 928
26, 551
r
85, 028
85 575
79, 897
26, 004
83, Oil
85 592
72 716
23 423
83, 797
74 076
63 701
33 144
77, 463
47 265
35 769
63 342
76
43
38
96
78
78
72
96
. 1950
17, 556
2,309
.1950
21, 439
5,411
.1950
23, 925
6,473
.1950
18,711
2, 306
. 1950
49, 225
4, 996
.1950
123, 605
6,821
.1950
122, 483
7,993
.1950
104, 640
5,047
.1574
106, 749
2,097
.1500
79, 445
832
,1406
9,470
1 164
.1398
14 976
1 371
7,233
8,014
9,036
6,992
9,727
7,725
11,741
4,664
38, 980
5,249
108, 280
8,504
106, 925
7,565
92, 716
6,877
98, 165
6 487
62, 708
15 905
4 088
4 218
4 454
9 151
31, 080
71,374
19, 335
68, 584
11, 168
69, 677
i
11,318 i
73,039
10 211
77,267 ':
9 161
81, 800
9 480
87, 814
13 346
90, 225
16 962
88, 017
17 285
79, 487
24 037
73 627
29 455
63 833
4,798
7,860
3,512
7,572
2, 470
7,784
2,784
8,382 •
2,226
8,702 '
tent)
, pigs, etc
le, Straits (N. Y.)
ion of recoverable zinc
821
1,472
598
732
r
r
r
930
353
714
919
167
435
963
651
76
78
69
94
019
129
343
541
1. 2123
52, 455
80
79
71
95
588
787
659
342
. 1330
G APPARATUS, EXCEPT
ELECTRIC
s and con vectors, cast iron:
and square) :
thous of Ib
ofmonth.
do
... ...
ofmonth
thous. of sq. ft. _
do...
2,074
8,893 '
2,925
2,915
3,974
4,729
8,782
7,676
6.507
5.032
Revised.
i Data beginning 1952 are in accordance with the revised
export schedule and include certain primary forms of copper manufactures formerly excluded; the value of such
2
exports amounted to about $1.5 million in January-September 1951.
Production by detinners only.
cfSee note in June 1951 SURVEY regarding additional reporting companies beginning February 1951.
§ Government stocks represent those available for industrial use; total stocks include small amount not distributed.
r
1,760
10, 010
2,145
9,665 '
SUEVEY OF CUREENT BUSINESS
S-34
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
December 1952
1952
1951
October
November
December
January
Fe bruary
March
April
May
.Juno
July
Septomber
August
October
METALS AND MANUFACTURES—Continued
HEATING APPARATUS— Continued
Boilers, range, shipments.-number-Oil burners:
Orders, unfilled, end of month __ _
do
Shipments
do
Stocks, end of month
do
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total
number. _
Coal and wood
do
Gas (incl. bungalow and combination) _ _ .do
Kerosene, gasoline, and fuel oil
do
Stoves, domestic heating, shipments, total
do
Coal and wood
. _
do.
Gas
do
Kerosene, gasoline, and fuel oil
do
Warm-air furnaces (forced-air and gravity-air flow),
shipments, total
number
Gas _
do....
Oil
do
Solid fuel
.-do
Water heaters, nonelectric, shipments
do
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders
...thous. of dol._
Unit heater group, new orders
do
Foundry equipment (new), new orders,
net
1937-39=100
Furnaces, industrial, new orders:
Electric
thous. of doL Fuel-fired (except for hot rolling steel)
do
Machine tools:
New orders
1945-47 = 100__
Shipments
do
Mechanical stokers, sales:
Classes 1, 2, and 3
.. . number
Classes 4 and 5:
Number
_ _.
Horsepower
Pumps, steam, power, centrifugal and rotary, new
orders
_ . ._
...
thous. of doL.
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shinmentsf
thousands
Domestic electrical appliances, sales billed:
Refrigerators, index
1936=100
Vacuum cleaners, standard type
number . .
WashersO
do
Radio sets, production*
do. ..
Television sets (incl. combination), production*
number..
Insulating materials and related products:
Insulating materials, sales billed, index ^ 1936=100
Fiber products:
Laminated fiber products, shipments§
thous. of doLVulcanized fiber:
Consumption of fiber paper
thous. of lb_.
Shipments of vulcanized products
thous. of dol-..
Steel conduit (rigid) and fittings, shipments 9
short toris-.
Motors and generators, quarterly:
New orders index
1936 =-100
Polyphase induction motors, 1-200 hp:d"
New orders
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp.'c?1
New orders
thous of dol 1
Billings
do
30, 187
32,014
26, 129
31. 193
28, 245
22, 202
23, 446
22, 850
17, 851
20, 010
21, 197
21, 979
44, 987
71,503
35. 843
64, 641
69, 437
38, 033
40, 392
76, 136
40, 256
45, 748
77, 518
36, 789
37, 792
80, 775
39, 163
40, 038
81, 408
36, 284
45, 805
80, 183
41, 707
51, 743
74, 183
42, 963
57 830
72, 468
54, 737
67 044
61, 577
63, 805
84 6°0
50' '593
6n 080
104 098
4° 993
236, 690
215, 974
168, 232
9, 435
150, 930
7, 867
184, 275
9, 501
187, 505
179, 496
7,475
6,267
166, 687
11, 229
204, 657
8, 625
185, 751
10, 281
199, 605
166,669
182, 942
9,188
163, 446
9,783
192, 540
5 702
176, 405
10, 433
170. 146
7 080
154. 907
8,159
198, 604
8 820
180, 346
200, 988
184, 563
46, 751
145, 268
22, 761
63, 696
154, 434
25, 450
64, 120
64, 864
147, 435
25, 381
62, 014
60, 040
172, 303
35, 676
76, 324
60, 303
230, 741
40, 963
120 878
68, 900
393, 834
79, 027
197 680
117, 127
51,277
50, 933
27, 029
19 695
58, 732
32, 239
20 583
5, 910
70, 206
36, 627
27 235
6, 344
182, 851
78, 266
38, 738
30 950
8, 578
157. 595
93, 354
11,255
11,474
212, 345
13, 090
193, 124
579, 019
179, 244
244, 186
155, 589
455, 983
203. 212
127, 852
81,611
56, 201
58,811
106, 128
84, 093
37, 179
34 966
55, 718
26, 992
22, 778
5, 948
147, 635
50, 002
24, 306
20, 498
5. 198
171, 337
41,005
44 537
20, 586
182, 843
11,376
124,919
11,948
174, 275
8,105
9,589
144, 462
19,318
60, 843
64, 301
48, 529
24,017
19, 309
25, 797
20, 848
5,203
4,632
167, 335
172, 320
4,209
176, 609
181,389
30,191
30, 828
16, 430
r
r
221,684
Q 211
9,438
11,485
515, 356
567, 366
158 518
243 393
165 525
132,211
236 849
146, 296
105,410
116 300
54' 368
46 419
1 5' 513
202, 175
51, 289
40 654
13, 467
187, 949
' 38, 731
r
13, 483
32 959
14 4 "6
11,805
372.4
305.5
230. 5
404. 5
200.4
310.0
385.1
225.2
353. 8
343.9
311 6
365 9
3,172
6, 374
2,882
2,100
2, 856
3,713
2,873
3,379
2,100
1,809
2,298
3,613
3,037
1,552
2, 968
2, 530
2,519
1, 363
2,418
1, 626
5, 259
1.412
2 472
403.9
330.5
318. 8
279. 6
299.5
293.5
330 8
r 37u. 3
T
259 7
311.1
r 317 o
T 309 4
307. 9
284.6
323.0
342.9
226 0
347. 8
266. 6
324. 3
221.3
376. 5
264. 7
3,189
1,998
1,095
1,327
1,145
966
1,059
1,157
1,725
1,667
2, 621
2 978
289
60, 610
152
35, 707
115
21, 284
161
43, 931
115
57, 455
131
39, 165
136
50, 528
143
44, 329
171
33, 302
249
47, 981
172
31 079
183 '
37 656 !
6, 506
5,908
5,553
5,517
6,020
5, 925
6,354
6,140
7, 957
6,299
5,921
5 258
2,640
2,232
1,792
1,639
963
769
850
1,137
1,535
2,526
2,905
T 2 874 !
113
259, 469
304, 131
871, 723
87
219, 119
268, 645
115
230, 263
224, 471
868,100
153
235, 936
261, 512
759, 453
163
290, 092
254, 135
975, 892
133
217, 169
222, 266
847, 946
128
216, 969
219, 882
748, 344
192
206, 939
281, 635
874, 253
197
747,914
153
230, 226
218, 956
632, 455
209, 901
441, 736
148
222, 413
259 280
543, 802
136
237, 541
287 91 Q
865' 654
335 616
772 346
411, 867
415, 332
467, 108
404, 933
409, 337
510, 561
322, 878
309, 375
361, 152
198, 921
397,769
755, 665
724,117
559
511
466
548
528
536
545
517
500
470
451
531
8,032
7,513
6, 833
8,115
7,830
7,796
7, 899
7,739
7,558
7,597
6,718
8,223
9, 110
5,462
4, 711
4, 170
4,836
4, 484
4, 216
4, 133
3,640
3,720
2,179
3,038
3,759
4, 160
1, 804
1,523
1, 232
1,646
1,618
1, 565
1,430
1,332
1,296
1,027
1,210
1, 380
1,694
26, 680
26, 409
23, 871
25, 982
25, 530
27, 328
22, 767
23, 243
13, 881
7,214
17,021 '
28, 645
21, 944
6,703
188,715
r
573
517
517
44 189
40 722
42, 455
44 820
36 446
40 443
i
% Q46
i
35
10 713
6, 619
8, 793
9,410
13 614
!
335 8
pp 243 7
3 57 6
158
31 256
3 107
463
!
9,787
210
9 269
7 905
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
3,162
2, 959
4,675
3,974
Production
thous. of short tons4, 129
3, 713
Stocks in producers' storage yards, end of month
1.024
982
1, 055
939
'1,018
thous. of short tons.1,161
391
583
534
892
633
391
Exports
do
Prices, chestnut:
23.
31
23. 31
23. 31
23. 31
23. 15
23. 31
Retail, composite!
dol. per short ton..
14. 513
14.513
14.513
14. 513
14.513
14. 513
Wholesale, f o b. car at minef
do
Bituminous:
1r
T
r
43, 770
41, 075
49. 900
51 , 675
44, 000
Production
thous. of short tons
49, 207
Industrial consumption and retail deliveries, total
42, 803
39. 240
41, 435
44, 284
40. 002
39, 587
thous. of short tons_32, 170
34, 660
34, 895
31, 757
34, 027
33, 244
Industrial consumption, total
do
899
927
933
971
998
971
Beehive coke ovens
__
.do, ._
8, 670
8,171
8, 807
8, 367
8,758
8, 691
Oven-coke plants
do
673
665
740
758
728
781
Cement mills
. .
do ...
8,510
9, 540
8, 434
9,382
9, 236
9,267
Electric-power utilities
do
4, 463
3, 877
3, 698
4, 252
4,344
4, 301
Railways (class I)
do
743
775
677
625
705
758
Steel and rolling mills ._ .
- ...do
8,914
9, 773
9. 783
8, 932
8,741
9,515
Other industrial
do - 7,070
7, 830
8,143
9. 389
6,758
7,408
Retail deliveries..
do r
Revised.
* Preliminary.
i Revisions for January-September 1951 are shown at bottom of p. S-35.
fRevised series. For revised batteries data beginning 1947, see note at bottom of p. S-35 of the July 1952 SURVEY.
prices supersede former quotations on tracks, destination. Revised price data prior to 1951 will be shown later.
---'
'
' '• ' '
' ' ' "
' '
"
'
' '
"
tion, 2d half of 1951, 33; beginning 1952", 34; direct current, beginning 1951, 28.
3,187
3,203
3,103
2,484
2,663
r 3, 705
4,113
1,026
295
1,149
340
1, 264
360
1,447
233
1,420
423
1,314
496
1,300
23.08
13. 394
21.69
13. 456
21.77
13.631
22.38
13. 869
22.54
14. 119
22. 92
14.219
23. 77
39, 300
36, 515
31, 460
25, 800
34,320
' 46, 890
32 480
32, 636
28, 422
30, 758
27, 741
23, 213
20, 235
23, 489
20, 270
3, 293
34,512
28, 336
624
8,230
679
8,494
2. 852
538
6,919
6,176
38, 881
31, 945
2, 930
32, 641
27,r 429
383
8,259
685
7,627
608
7,781
3,321
582
7,818
4,214
681
7,854
637
7,724
3,075
562
7,208
3,017
133
582
7, 369
2,569
208
6,444
2,978
r
r
104
603
7,597
2,342
681
8,250
2,722
229
6, 102
3,219
532
6,602
5,212
534
8, 633
699
9, 582
3,128
623
8,746
6,936
Retail prices of coal are weighted averages for large cities. Wholesale
-1
-.,.,,.,..-•,.
x
~T
_
..
see note marked
sr-December 1951,
use induc-
SUKVEY OF CUREENT BUSINESS
December 1952
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October
S-35
Novem-
ber
Decem-
ber
January
February
March
April
June
May
August
July
September
October
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
do
Oven-coke plants
do__ .
Cement mills _
_
do
Electric-power utilities
_do
Railways (class I)
do
Steel and rolliner mills.__
do_.
Other industrial.
do
Retail dealers
do__
104
91
35
19
19
16
76
92
84
79
76
75
77
78, 019
76, 080
14, 953
1,420
34, 162
4,126
1,155
20, 264
1,939
77, 858
75, 948
15,123
1,508
34, 104
4,163
1,151
19, 899
1,910
76, 636
74, 886
15,270
1,424
33, 398
4,172
1,181
19, 441
1,750
75, 423
73, 792
14, 827
1,361
32, 692
4,161
1,213
19, 538
1,631
76, 474
74, 967
15, 786
1,342
32, 710
4,237
1,276
19, 616
1,507
77, 293
76, 042
16, 727
1,276
32, 724
4,299
1,322
19, 694
1,251
78, 141
76, 810
16, 652
1,245
33, 617
4,254
1,353
19, 689
1,331
79, 496
78, 033
16, 994
1,261
34, 545
4,110
1,336
19, 787
1,463
80, 744
79, 108
16, 446
1,412
35, 802
3,996
1,269
20, 183
1,636
79, 359
77, 698
16, 136
1, 456
35, 895
3,560
1,195
19, 456
1,661
'r 81, 238
79 567
r
16, 066
1,616
36, 797
3,443
1,158
20 487
1,671
83, 298
81, 492
15, 728
1,746
37, 722
3,487
1, 236
21, 573
1,806
77, 951
76, 369
14. 437
1,624
36, 393
3,041
1,156
19, 718
1,582
6,387
5,420
4,478
5,163
3,982
4, 050
4,248
4,885
4,862
4,003
4,288
3,760
16.10
16.14
16.15
16.16
16.16
16.16
16.16
15.99
16.02
16.13
16.22
16.28
5.697
6.718
5 697
6.756
5.697
6.773
5.697
6.773
5.697
6.769
5 697
6. 745
5 624
6.349
5 623
6.317
5 629
6.378
5 640
6.487
5 640
6 544
5.655
6.680
r
633
6, 133
619
625
5,882
6,114
1,815
1,306
1,758
1 264
Exports
do._
Prices:
Retail, composite f- -dol. per short ton
Wholesale:
Mine run, f. o. b. car at minet
do
Prepared sizes, f. o. b. car at minet
do
COKE
Production:
Beehive §
_ __
thous. of short tons
Oven (byproduct)
__ do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total. __
_ _
do
At furnace plants
do
At merchant plants
. do
Petroleum coke
do
Exports
_
do
Price, beehive, Connellsville (furnace)
dol. per short ton.-
r
328
509
82
126
335
495
83
111
325
637
589
576
433
426
71
6,168
6,204
5,374
5, 536
2,361
253
5,770
2,305
5,787
••397
5,784
317
323
6,117
1,810
1,421
1,765
1 455
1,832
1 530
1,873
1 459
819
103
53
848
98
44
706
97
52
2,541
1 957
550
122
58
3 142
2 294
2,838
2,132
413
159
89
2,557
2 007
3,297
2 479
302
164
79
1,961
1 538
14. 750
331
1,738
1,295
389
134
112
443
104
109
16.54
310
310
142
86
321
296
201
424
158
62
112
267
306
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
2,014
197, 610
2,040
188 149
1,947
191, 650
2,151
192, 712
1,929
184 654
2,101
198 028
2,063
192 882
2,196
158 310
2,017
185 917
2,141
188 868
1 938
192 798
1,660
195, 528
r 202 661
210 510
345
583
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed __
_
number
Production
thous. of bbl
Refinery operations . percent of capacity
Consumption (runs to stills)
thous. of bbl
Stocks, end of month :d"
Gasoline-bearing in U. S., total
do
At refineries,. . _ _ . _
_do_
At tank farms and in pipelines
do
On leases
*
do
Exports
do
Imports
do
Price (Oklahoma-Kansas) at wells _ _ _ dol. per bbl__
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
thous. of bbl
Residual fuel oil
do
Domestic demand:
Distillate fuel oil
do
Residual fuel oil
_.
do_
Consumption by type of consumer:
Electric-power plantsj.
do
Railways (class I)
do
Vessels (bunker oil) _
do.
Stocks, end of month:
Distillate fuel oil
do
Residual fuel oil
_ __
do
Exports:
Distillate fuel oil
do
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol. per gal__
Residual (Okla,, No. 6 fuel)... -dol. per bbl..
Kerosene:
Production..thous. of bbl_Domestic demand do_
Stocks, end of month
do.
Exports
.do
Price, wholesale, bulk lots (New York Harbor)
dol. per gal..
Lubricants:
Production
thous of bbl
Domestic demand
.
. do
Stocks, refinery, end of month .
do. _
Exports©
do
Price, wholesale, bright stock (midcontinent,
f. o. b. Tulsa)
dol. per gal__
95
97
98
94
95
93
89
71
96
96
99
98
199, 826
198 258
206, 032
205, 829
193, 524
205, 825
193 039
152 062
204 762
214 729
262, 266
65, 388
179, 173
17, 705
261,100
65, 297
177, 982
17 821
255, 783
62, 311
175, 481
17, 991
254, 007
62, 436
173, 471
18 100
255, 900
64, 614
173,315
17 971
259, 126
63, 612
177, 422
18 092
270 679
69, 159
183 751
17 769
290 813
72, 875
197, 001
20 937
285 964
71, 950
194 525
19 489
275, 951
70, 352
187 341
18 258
1,947
14 473
2.570
1 858
13 050
2.570
2,147
11 835
2.570
2,303
16 043
2.570
2,211
14 083
2.570
2 939
14 186
2.570
3 340
17 495
2.570
1 718
15 570
2.570
2 388
17 171
2.570
1 876
17 497
2.570
1 966
18 124
2.570
1 664
18 306
2.570
40, 159
37, 944
40, 726
39, 111
44, 693
40, 693
45, 141
41, 483
44, 314
38, 352
43, 402
39, 482
39 353
37, 602
30, 432
30, 336
43 640
36, 827
45 735
38, 337
46 933
38 822
45 053
36 887
31, 655
45, 016
47, 221
50, 982
57, 233
54, 382
63 185
56, 246
54, 489
49, 796
49 081
50 721
33 921
45 119
27 867
38, 500
25 815
36 285
23 291
37 027
26 221
42 094
28 836
42 159
5,457
3,486
6,491
5,965
3 313
6,331
6,333
3 244
15, 484
6, 068
3 032
6,906
4,775
2 767
6,447
5,222
2 851
6,760
4,204
2 500
6 317
3,717
2 434
6,438
3 912
2 463
6 156
4 380
2 439
6*109
5 380
2 497
6 563
6 028
2 618
6 342
102 561
48, 415
94 917
45 378
80 785
42 063
66 969
39 523
55 369
38 295
48 750
37 971
51 634
38 561
51 648
38 821
65 911
45 688
85 775
52 245
104 257
54 061
117 252
56 200
2,353
2 553
1,242
1 962
1,854
2 006
1,894
1 816
1 654
1 847
1 316
2 059
2 791
2 244
2 641
2 500
3 613
2 588
2 999
2 473
2 306
1 583
3 269
1 194
.091
1.690
.091
1.650
.091
1.650
.091
1.650
.091
1.500
.091
1.500
.091
1.400
.091
1.350
.091
1.150
.098
.950
.098
.900
.098
.900
11, 262
10, 171
33, 382
12, 083
14, 960
29 948
12, 171
16, 744
24 933
13, 040
16, 633
22, 679
10, 742
14, 608
18 530
11, 964
12, 853
16 817
10, 978
8,150
18 955
7,084
5,504
19 614
9,519
5,268
23 061
11, 083
5,883
27 387
11 620
6,014
32 401
'525
10 498
7,156
35 021
.101
.101
.101
.101
.101
.101
.101
.101
.101
.108
.108
5 432
4 090
8,914
1 236
5 144
3 421
9,111
1 441
5 157
3 163
9,617
1 429
4 963
3 381
9,856
1 292
4 456
2 827
10 049
1 357
4 921
2 990
10 169
1 751
4 831
3* 509
10 154
1 276
3 492
2 525
9 610
1 448
4 855
3 414
9 694
1 297
4 668
3 224
9 775
1 295
.108
4 §57
3 343
9 620
1 610
4 694
3*433
9 745
l'o70
.290
.290
.290
.290
.290
.290
.290
.290
.270
.270
.270
.270
703
538
387
1
1
1
752
217
652
613
950
740
796
264
67
178
18
368
497
394
477
264, 723
65, 241
181 580
17 902
2.570
7 162
6 981
.098
.900
655
.108
.260
«• Revised.
1 New basis. Comparable data for December 1951 (thous. bbl.): Distillate fuel, 85,872; residual fuel, 42,955; kerosene, 26,940.
t Revised series. Retail prices are weighted averages for large cities. Wholesale prices supersede former quotations on tracks, destination. Figures prior to 1951 will be published later.
§Revisions for 1950 will be shown later.
cf Includes stocks of heavy crude in California.
^Revisions for January-July 1951 will be shown later.
©Excludes "special category" exports not shown separately for security reasons.
NOTE FOR RADIO, TELEVISION SERIES, P. S-34. *New series. Compiled by the Radio-Television Manufacturers Association. Data represent industry totals based on reports
from both members and nonmembers of the association. Both private and company brands are included. Radio production comprises home, portable battery, automobile, and clock models;
television sets include combination models. Annual totals for 1924-46 for radios and monthly data for 1947-50 for radio and television sets are shown on p. 20 of the October 1952 SURVEY.
Data for December 1951 and March, June, and September 1952 cover 5 weeks; other months, 4 weeks.
NOTE FOR BITUMINOUS PRODUCTION, p. S-34. Revisions for January-September 1951 (thous. short tons): 51,531; 39,990; 44,713; 41,888; 43,281; 43,448; 34,007; 47,072; 42,853.
SURVEY OF CURRENT BUSINESS
S-36
December 1952
1952
1951
Unless otherwise stated, statistics through.
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October
November
December
January
February
March
April
May
June
July
August
September
October
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products— Continued
Motor fuel:
All types:
98, 510
Production, total
thous. of bbl
Gasoline and naphtha from crude petro86 942
leum
thous of bbl
18, 167
Natural gasoline and allied products. do
Sales of 1. p. g. for fuel, etc., and trans6,599
fers of cycle products ._ thous. of bbl__
9,318
Used at refineries
do
99, 945
Domestic demand __
do. ._
Stocks, gasoline, end of month:
101, 837
Finished gasoline, total
do
56, 984
At refineries
_- _do__
6,963
Unfinished gasoline
do
9,003
Natural gasoline and allied products do__ _
3,293
Exports cf
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
.104
dol. per gaL.129
Wholesale, regular grade (N. Y.)* _ do
.203
Retail, service stations, 50 cities
do
Aviation gasoline:
6,487
Production, total
thous. of bbl
4,792
100-octane and above
.. do _ 7,726
Stocks, total
do
3,895
100-octane and above
do.. _
Asphalt:
Production
__
short tons . 1, 225, 300
814, 400
Stocks refinery, end of month
do
Wax:
100, 520
Production
thous of Ib
193, 200
Stocks, refinery, end of month
do
Asphalt products, shipments:
6,552
Asphalt roofing, total
thous. of squares
Roll roofing and cap sheet:
1,492
Smooth -surfaced
-do._
1,618
Mineral -surfaced
do
3,443
Shingles, all types
do.
268
Asphalt sidings
-- - do . Saturated felts
.short tons, . 59, 202
95, 859
100, 039
98, 551
93, 134
99, 093
92, 553
74, 485
98, 340
105, 022
107, 427
104 977
84,976
18, 191
88, 800
18, 941
87,446
19, 058
82, 052
18, 070
87, 096
18, 724
81, 819
17, 917
63, 752
16, 796
86, 638
17, 310
93 373
17, 669
95 742
18, 259
93 663
18, 248
7,308
8,917
88, 702
7,702
8,838
84,394
7,953
8,459
86, 863
6,988
8,113
82, 043
6,727
8,038
87, 065
7,183
8,041
98, 653
6,063
7,398
101, 137
5,608
8,437
99, 305
6,020
8,761
105, 307
6,574
8,938
102, 954
6,934
9 186
100, 095
105, 117
58, 160
6,911
8,379
4,071
117, 235
70, 051
7,747
8,186
3,476
136, 161
81,054
8,178
7,896
2,558
143, 910
87, 458
8,002
8,585
2,144
152, 556
90, 695
8,133
9,527
1,903
143, 512
83, 129
8,378
9,366
2,466
116, 039
64,731
7,617
9,246
975
112, 232
60, 389
7,934
10, 035
1,889
108, 708
57, 180
7,858
10, 095
2,730
110,750
57, 244
7,842
9,722
2,203
113 698
59, 276
7 293
8 925
2 164
.104
.129
.203
.103
.129
.203
.103
.129
.200
.103
.129
.199
.104
.129
.201
.100
.129
.202
.103
.129
.205
.104
.129
.205
.104
.129
.204
.104
.129
.203
.104
.129
.204
6,390
5,266
7,726
3,853
6,555
5,435
8,277
4,356
6,409
5,480
8,399
4,483
6,137
4,875
8,503
4,421
6,922
5,848
8,529
4,507
6,116
5,076
7,633
3,761
4,906
4,339
7,859
4,422
6,003
5,068
7,332
3,863
6,552
5,417
7,311
3,878
6 988
5,977
7,865
4,470
6 694
5 325
8 085
4,259
.104
.129
.202
719, 300
739, 300
922, 900 1, 009, 500 1, 280, 700 1,383,600 1, 493, 500 1, 475, 100
605, 600
671, 300
884, 700
975, 600 1,203,600 1, 331, 500 1, 527, 300 1, 713, 500 1, 753, 500 1, 660, 500 1,436,000 1,167,100
967, 500
755 800
101, 080
196, 280
92, 400
202, 440
98, 280
194, 040
100, 240
190,400
95, 480
199, 360
94, 360
193, 480
80, 360
179, 200
96, 880
179, 760
92 680
169, 680
116 200
173 600
105 000
168 000
4,141
2,485
3,516
3,549
3,869
4,742
5,172
5,103
5,355
5,856
6 387
1,029
1,082
2,029
192
44, 742
634
656
1,195
120
32, 602
928
882
1,705
163
44, 641
876
861
1,811
144
46, 644
913
888
2,067
135
45, 957
1,019
1,046
2,676
126
52, 791
1,040
1,109
3,023
123
59, 274
1,001
1,133
2,969
119
52,540
1,060
1,166
3,130
136
56,335
1,169
1,365
3,322
151
61, 200
1,321
1 549
3,517
190
62, 439
6,609
1 405
1 617
3 587
224
67, 754
!
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
... thous. of cords (128 cu. ft.)-_
Consumption
-do
Stocks, end of month
do
Waste paper:
Receipts
short tons_.
Consumption
do
Stocks end of month
do
2,503
2,366
5,118
2,172
2,305
4,987
2,213
2,102
5,072
2,699
2,339
5,445
2,561
2,227
5,775
2,482
2,332
5,915
1,903
2,235
5,582
1,900
2,247
5,234
2,044
2,127
5,148
2,211
1,910
5,448
2,527
2 209
5,766
2 349
2 105
5 999
725,043
724, 715
572, 481
644, 616
640, 925
586, 602
548, 752
544, 983
589, 340
665, 051
657, 518
593, 508
620, 775
632, 317
580, 809
647, 081
650, 550
576, 038
650, 014
640, 933
587, 616
597, 539
618, 966
564, 079
589, 727
605, 572
548, 623
550, 030
561,067
536 811
631, 070
667, 847
501 402
693 037
698 333
496 689
1,416
197, 916
548, 166
205, 199
61,363
37, 957
203, 712
83, 192
1,277
167, 475
490, 399
191,814
62, 126
35, 526
192, 799
77, 195
1,436
199, 797
559, 914
208, 833
63,214
39, 480
207, 014
83,501
1,373
199, 614
523, 737
201, 035
59, 548
37, 651
194, 723
82, 763
1,456
211, 906
552, 033
213, 340
61, 776
39, 041
214, 847
86, 773
1,375
195, 895
512, 267
207, 095
59,253
37, 813
198, 464
89, 170
1,402
210, 711
513, 971
210, 273
58, 390
37, 840
203, 259
87, 398
1,323
207, 457
483, 425
188, 012
52, 355
33, 893
194, 762
89, 236
1,180
174, 921
432, 532
165, 479
47, 225
26, 953
181, 974
84 161
1,381
198, 830
529, 591
203 866
54 647
32, 708
194 697
83 646
102, 792
14, 142
12, 413
23, 293
11, 480
1,927
34, 880
107, 057
8,718
11, 462
29, 508
12, 184
1,816
37, 969
108, 352
11, 150
12, 583
26, 472
11,219
1,540
39, 227
113, 520
12, 547
14, 339
27,902
10, 100
1,781
38 912
124 064
13, 369
16, 557
28, 662
13, 407
1,973
41, 861
139, 706
14, 545
18, 349
41, 660
12, 150
2,161
42, 547
147, 535
17, 277
18, 139
47, 217
12, 571
2,170
41,088
156 864
20, 566
18, 247
49,509
15,500
2,640
41 030
146 208
16 326
19 541
46,508
15, 460
2 563
36 722
152 021
21 586
21 369
50, 958
14 276
2 425
31 983
r i 305
177,087
493 384
193 488
53 736
32 320
185 254
84 958
r 146 712
19' 619
23' 150
49 691
15 802
2*321
26' 681
27, 758
171, 451
42,268
17, 928
44, 605
40, 586
2,767
21, 895
23, 583
168, 237
45, 368
18, 961
39, 949
40, 106
2,430
20, 209
14, 540
175, 765
44, 144
21, 552
43, 966
44, 846
2,273
17, 998
24, 261
161, 738
47, 028
18, 854
41, 111
36, 965
2,654
14, 306
22, 369
155, 331
43, 456
12, 917
41, 648
34, 495
2 573
19, 544
29, 522
145, 643
37, 987
11, 575
40, 497
33, 382
2 619
18, 878
30, 131
147, 433
47, 696
11, 669
36, 458
31, 336
2 229
17, 408
19 666
133, 599
39 188
11, 493
32, 618
27, 286
2 197
20 205
9 883
122, 636
36 843
10 904
33, 555
25 187
1 743
13 851
14 861
138 616
37 873
12 941
38, 477
27 693
2 113
18 846
11 388
160 423
40 476
lg' 719
39 495
30 874
2 494
27 773
2,071
1,095
881
95
2,014
1,051
867
97
2,011
1,029
875
106
1,949
981
858
110
1,762
869
783
110
2, 059
990
r
942
126
2,024
969
937
118
WOOD PULP
Production:
1,470
Total all grades
thous. of short tons. _
Bleached sulphate
short tons__ 198, 261
570, 792
Unbleached sulphate
do _.
209, 922
Bleached sulphite
-do __
r 68, 715
Unbleached sulphite
do _
39, 939
Soda
do
214, 370
Groundwood
do
85, 319
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
T
105, 321
Total all grades
short tons
13, 650
Bleached sulphate
- do _ _
12, 871
Unbleached sulphate
.
do
r
25, 290
Bleached sulphite
do
13,012
Unbleached sulphite
do
1,129
Soda
—
do
34, 432
Groundwood
do
Exports all grades, total
Imports, all grades, total
Bleached sulphate
Unbleached sulphate
Bleached sulphite
Unbleached sulphite
Soda
Groundwood
-_
- -
- do
do
do
do
do_-.
- do _ _
do
- do
11, 046
196, 259
47, 933
22, 060
51, 152
42, 973
2,859
27, 252
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
1,847
2,105
2,049
2,220
thous. of short tons..
2,005
1,022
1,118
1,166
1,088
1,048
Paper (incl. building paper) . _ _
do _ _ .
939
859
892
743
857
Paperboard
do
95
115
104
82
97
Building board...
do
r
Revised.
cf Excludes "special category" exports not shown separately for security reasons.
*New series. Prices are for bulk lots, f. o. b. refineries. Quotations prior to 1951 will be shown later.
1 453
194, 463
567 059
214 219
56 33°
36 628
201 362
92 331
149
18
24
58
13
2
22
404
263
523
334
415
282
563
SURVEY OF CURRENT BUSINESS
December 1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-37
1952
1951
October
November
December
January
February
March
April
May
June
July
August
715, 288 'r 752, 557
768, 806
726, 902
674, 759 »•r 775, 723
671, 174 r 768, 208
384, 550
422 465
September
October
'r 809, 151
785 638
r
756, 475
r
750 838
r 426 675
870, 000
814 493
837, 000
841 000
422 985
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 nnfillp,d ; p.nd 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 100 lb__
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:
C on sumption by publishers _
do . _ .
Production
do
Shipments from mills
_ - - do
Stocks, end of month:
At mills
- - --do-At publishers
do
In transit to publishers
_
do.-_
Imports
do
Price, rolls, contract, delivered to principal
ports*
.dol. per short ton. _
Paperboard (National Paperboard Association) :
Orders, new
short tons_.
Orders, unfilled, end of month
do
Production, total
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. SQ. ft. surface area
Folding paper boxes, value:
New orders
1936=100
Shipments
do
942, 156
976, 913
946, 158
947, 030
325, 035
819, 334
914, 463
896, 957
881, 877
340, 425
820, 265
870, 769
861, 248
863, 959
338, 617
962, 506
914, 567
932, 288
911, 745
326, 610
842, 191
903, 374
865, 400
851, 819
344, 664
852, 186
854, 820
896, 773
881, 775
r
361, 070
813, 274
825, 736
850, 216
842, 129
369, 375
740, 502
747, 506
817, 027
803, 031
376, 503
753, 235
729, 006
773, 003
769, 654
381, 065
121, 329
132, 495
123, 623
121, 489
65, 959
100, 090
110, 610
122, 649
121, 972
66 635
106, 947
122, 703
118, 200
119, 040
65 795
136, 428
141, 965
126, 753
125, 513
64, 558
114, 955
138, 310
122, 133
116, 643
67, 895
108, 853
120, 280
124, 033
121, 995
69, 710
104, 915
111, 930
116, 076
113, 781
72, 250
91, 140
93, 500
115, 790
109, 550
78, 490
89, 628
86, 000
100, 121
96, 843
81, 905
320, 338
495, 265
313, 161
317, 865
114, 915
264, 508
465, 945
297, 894
293, 829
118, 980
274, 755
447, 761
291, 707
292, 939
117, 748
343, 367
475, 000
315, 983
310, 450
129, 798
288, 745
475, 150
290, 945
290, 555
130, 180
288, 200
458, 050
300, 497
295, 680
135, 960
296, 780
460, 500
295, 614
293, 550
138, 025
261, 286
425, 000
288, 313
285, 851
140, 488
276, 760
423, 000
278, 120
279, 095
139, 500
83,848
88, 000
84, 195
81, 323
84, 750
r
r
r
82, 938 rr 94 582
57, 150
58 000
100 213 r 100 268
'r 98, 080 rr 94, 158
93, 850
99 960
262, 177 r 258, 666
450, 000 'r 422, 402
238/014
267, 433
232, 209 'T 264, 517
145, 300
140, 775
13.55
109
57
113
110
102
000
000
000
000
195
r
r
r
r
r
298 032
464, 649
256 921
255, 785
141 915
13.55
P 13. 55
r
r
r
r
r
259, 555
170, 090
245 086
244, 732
129 500
287, 000
184,000
268, 000
273, 000
124, 500
305 000
479, 600
292 000
290,000
143 910
13.15
13.15
13.15
13.15
13.55
13.55
13.55
13.55
13.55
321, 515
232, 340
324, 031
325, 340
87, 411
313, 393
229, 708
321, 822
316, 025
93, 520
291, 794
217, 091
305, 258
304, 411
94, 367
329, 159
192, 045
320, 281
317, 727
66, 884
286, 297
193, 108
293, 068
289, 132
75, 550
294, 560
182, 684
307, 066
300, 445
82, 900
254, 759
160, 500
277, 891
276, 686
84, 100
246, 360
140, 000
269, 058
262, 180
84, 000
237, 383
135, 000
250, 159
240, 210
95, 000
221, 930 r 257, 062
143, 000 »• 155, 270
216, 743 r 256, 307
212, 740 ••T 251, 791
99, 000
130, 250
492, 475
497, 410
147, 366
471, 732
491, 020
128, 078
435, 287
461, 455
101, 910
470, 456
445, 212
127, 154
457, 835
441, 349
143, 640
476, 492
453, 162
166, 970
471, 235
468, 018
170, 187
495, 972
492, 478
173, 681
451, 915
483, 791
141, 805
485, 539
483, 250
144, 094
486, 496
488, 575
142, 015
461, 508
462 404
141, 119
502, 791
486, 159
157, 751
405, 277
100, 339
97, 791
402, 829
95, 847
99, 301
387, 783
91, 763
91, 721
345, 315
97, 216
95, 046
348, 630
94, 759
96, 982
399, 258
99, 633
98, 696
393, 470
94, 767
94, 250
404, 071
103, 440
103, 783
379, 943
99, 080
98, 138
329, 729
94, 192
94, 933
341, 571
97, 831
99, 008
379, 669
92 301
90, 645
425, 981
97, 144
97, 789
10, 980
434, 841
100, 292
458, 514
7,526
436, 244
107, 144
438, 141
7,568
430, 431
91, 765
403, 934
9,738
460, 378
89, 491
385, 574
7,515
475, 502
99, 741
398, 936
8,452
457, 617
87, 887
416, 469
8,969
460, 475
72, 475
419, 848
8,626
442, 739
79, 028
409, 649
9,568
476, 479
74, 592
459, 005
8,827
532, 297
75, 474
427, 845
7,650
573, 502
86, 444
400, 541
9,306
582 209
77, 578
422 887
8,661
561, 016
69,364
122. 00
122.00
* 125. 26
13.55
116. 75
116. 75
116. 75
116. 75
116. 75
116. 75
117. 00
117.00
119. 50
119. 50
971, 600
487, 800
943, 800
88
812, 500
365, 400
863, 450
82
806, 300
358, 700
793, 950
71
883, 200
405, 500
835,000
81
829, 300
355, 200
867, 800
86
923, 000
380, 400
880, 500
85
875, 600
417, 600
869, 500
82
880, 000
375, 000
906,000
82
850, 300
352, 900
832, 800
82
845, 800
444, 200
773, 700
71
6,055
5,399
5, 122
5,550
5,569
5,935
5,765
5, 697
5,538
6,340
6,743
7,471
615.9
747.6
555.7
650.8
498.1
528.0
654.6
639.8
608.8
619.0
636.9
630.2
581.3
614.6
604. 1
604.1
666.4
638.7
627.4
575.5
688.9
661.3
693 4
719.1
740 4
777.5
980
781
199
1,172
963
209
1,083
872
211
720
557
163
723
575
148
1,371
1,081
290
1,055
855
200
1,240
937
303
1,003
754
249
601
472
129
904
699
205
949
796
153
1,118
930
188
36, 347
63, 988
59, 188
36, 946
72, 995
67, 246
32 760
84, 839
49 251
32 941
84 657
67 139
r 39 274
r 84 190
51 510
45 058
82 120
.305
.275
.270
59, 214
58, 352
61,214 r 66 668
150 254 r 141 837
1 921
1 573
62 553
73 534
132 998
r
r
5, 857
r
917, 500 1, 065, 800 1, 076, 300
388, 400
459, 900
453, 000
955, 600
955, 700 1, 142, 200
96
89
88
PRINTING
Book publication, total
New books
New editions
number of editions- _
do
do
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
Stocks, end of month
do
Imports, including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. per lb__
Chemical (synthetic):
Production
long tons. _
Consumption
do
Stocks, end of month
__ do
Exports
do
Reclaimed rubber:
Production
_
do __
Consumption
do
Stocks, end of month
do
37, 407
63, 501
55, 214
35, 037
63, 689
57, 378
33, 256
76, 5fi9
45, 364
36, 989
75, 488
83, 283
34, 841
73, 959
76, 383
35, 682
61, 553
85, 172
36, 417
59, 422
82, 974
.520
.520
.520
.520
.505
.505
.485
.485
.380
.315
79, 285
68, 923
109, 407
550
73, 045
65, 403
116, 910
1,190
76, 961
60, 421
129, 952
1,430
75, 971
70, 330
138, 688
1,831
74, 943
66, 567
145, 277
2,141
79, 416
69, 744
151, 249
3,490
77, 437
68, 492
159, 701
2,415
61, 368
67, 339
154, 339
2,350
64,040
66, 203
151, 324
1,154
58, 992
58, 642
152, 373
1 499
29, 611
27, 744
44, 367
25, 453
24, 509
44, 049
23, 677
22, 044
45, 082
27, 755
26, 553
45, 067
23, 883
24, 518
43, 306
22, 808
24, 797
40, 579
23, 948
23, 911
39, 767
23, 142
22, 314
40, 169
21, 079
21, 850
38, 973
16, 213
18, 354
36 287
17, 131
20 548
32 224
7,771
7,050
2, 553
4,315
7,374
6,081
2,391
3,501
6,441
4,517
1,800
2,519
7,872
6,529
2,140
4,243
7,463
6,184
2,301
3,721
7,786
6,134
2,484
3,512
7,189
6,967
2,814
4,038
7,433
7,443
2, 719
4,624
7,366
9,003
2,617
6,256
7,097
7,148
1,186
5,845
6 933
7 989
1,632
6 226
r
r 31 430
21 732
27 451
26 396
31*378
7 391
8 049
2 826
5 082
8 663
7 846
3 200
4 532
r 23 131
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export
Stocks, end of month
Exports©
Inner tubes:
Production §
Shipments§
.
Stop,ks, end of month §
Exports
r
thousands
_ _ do
do
_ _ . do
do
do
do
181
188
198
146
163
137
115
101
5,514
6,888
8,765
130
10, 039
11, 370
13, 043
13, 295
13, 263
11,668
117
131
141
11, 647
114
129
161
210
150
164
10 637
181
127
108
9 960
10 821
107
140
159
154
6,270
do
. do __ 5,603
do
7,471
94
do
5,500
4,803
8,378
5, 143
3, 556
10,094
5,582
5,475
10, 343
5,138
4,958
10, 507
5,497
5,034
10,900
5,481
5,305
11,013
5,771
5,330
11, 493
5, 536
6,040
10, 974
4,790
4,507
11 223
121
144
93
125
105
4 867
5,431
10 627
88
63
83
5 397
5 984
10 086
134
79
104
Revised.
*• Preliminary.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later.
©Excludes "special category" exports not shown separately for security reasons.
§Includes data for motorcycles.
6 220
5 859
10 386
SURVEY OF CUERENT BUSINESS
S-38
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1952
1951
October
November
December
February
January
March
April
May
June
July
August
September
October
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments . .reams. . 195, 139
188, 389
132, 524
159, 041
162, 959
174, 155
185, 451
168, 174
161, 544
157,412
160, 795
174, 449
182, 612
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bbl
22, 797
99
thous. of bbl
do
__ _ _ do-_-
26, 134
7,162
3,544
20, 737
93
17, 994
9,910
3,882
19, 874
85
11,791
17, 993
4,711
17, 039
73
12, 696
22, 336
7,056
16,545
76
14, 362
24, 519
8,987
18, 095
78
15, 993
26, 622
10, 741
19,817
86
21, 764
24, 672
10, 348
21, 829
92
23, 282
23, 220
9,513
20, 748
90
25, 067
18, 896
8,483
21, 342
90
25, 084
15,158
7,548
23, 573
99
25,915
12,819
6,262
605, 553
590, 294
545, 925
476, 776
447, 208
350, 014
406, 229
353,812
392, 482
378, 321
434, 789
411,819
484, 468
492, 488
489, 779
479, 409
510, 226
504, 459
538, 183
530, 377
531, 547
512, 135
23, 010
'99
26, 243
' 9, 584
»• 5, 352
24 181
101
27 222
6,543
4,202
CLAY PRODUCTS
Brick, unglazed:
ProductionJ
thous. of standard brick
Shipments!
do
Price, wholesale, common, composite, f. o. b.
plant f
<dol. per thous
Clay sewer pipe, vitrified :t
Production
short tons
Shipment?
do
Structural tile, unglazed:i
Production
do
Shipments
do
1
530, 990
527, 147
27. 366
27. 366
27. 366
27. 317
27. 317
27. 317
27. 217
27. 217
27. 217
27. 409
27. 409
27. 409
159,394
155,005
142, 340
122, 046
125, 962
83, 177
134, 045
86, 576
127, 442
97, 107
139, 685
118,092
139, 573
139, 744
128, 020
134, 221
143, 426
145, 603
132, 061
142, 566
136, 595
146, 934
145, 012
150, 341
103, 678
99, 652
100, 705
85, 182
85, 965
66, 395
81, 948
71, 403
78, 061
75, 617
76, 119
69, 494
82, 647
84, 813
84, 209
82, 285
86, 470
83, 994
91,836
87, 251
85, 434
87, 976
82, 911
83, 338
9,341
8, 948
7,804
7,714
7,603
7, 568
8,941
8,485
8,783
8,053
9,400
9,005
9,523
9,577
10, 220
9,888
10, 080
9,607
10, 042
9, 735
10, 700
11,126
10, 100
9,688
27, 409
GLASS PRODUCTS
Glass containers:
Production
thous. of gross..
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars) _ _ thous. of gross. ..
Beverage (returnable and nonreturnable)
thous. of gross _ _
Beer bottles
__ _ _ do _
Liquor and wine
do
Medicinal and toilet
do
Chemical, household and industrial
do
Dairy products
_ _.
_
do_
Stocks, end of month
do
Other glassware, machine-made:
Tumblers:
Production.. __
thous. of dozens
Shipments
_ do ._
Stocks
do
Table, kitchen, and householdware. shipments
thous. of dozens _ _
10, 704
10,119
1,072
632
674
783
859
881
1,125
1,216
915
892
1,186
1,464
1,220
2,426
2,122
1, 885
2,498
2,123
2,400
2,474
2,767
2,706
2,733
3,210
2,736
2,818
297
746
1,328
1,985
782
312
9,884
319
840
1,097
1,810
634
260
9,710
532
873
906
1, 795
572
330
9,453
525
841
741
2,161
679
258
9, 635
503
874
840
1,962
693
199
10, 093
655
806
979
2,272
783
228
10, 216
767
700
1,061
2,355
850
244
9, 863
977
955
940
2,064
735
233
9,871
1,123
1,198
852
1, 860
739
214
10, 060
1,073
1,244
905
1,834
788
264
10,107
783
1, 257
1,120
2,313
928
327
9,449
476
768
1,035
2, 111
772
327
9,594
666
570
1,380
2,298
859
307
9,854
4,966
5,414
11, 978
3,889
4,645
11, 228
3,800
3, 352
11, 579
4,883
4,473
11,837
5,136
5,514
9,989
5,357
5,061
10, 241
4,701
4,987
9,892
4,537
5,329
9,073
4,831
5,491
8,349
4, 966
5,245
8,023
5,833
5,181
8,628
3,816
4,050
8,389
5, 696
6,012
8,035
3,459
3,368
2,589
3,005
3,857
3,431
3,474
3,551
2,908
2,945
3,354
3,308
4,374
•
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous of *>hort tons
Production
do
Calcined production quarterly total
do
Gypsum products sold or used, quarterly total:
TJncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building plasters
do
Lath
thous of sq ft
Tile
do
Wallboardcf
do
Industrial plasters
short tons
859
2,027
1,681
401
1,806
1,582
734
2,067
1,720
1 218
2, 166
1 846
636, 366
526, 045
559, 966
604 346
471, 072
10, 648
146, 036
602, 500
7,763
776, 854
71, 377
451, 841
13, 086
134, 090
508, 785
7,602
761, 566
67, 484
494, 822
14, 045
143, 059
589, 300
6,670
830, 644
61 426
533, 226
13, 337
165, 283
645 548
6 265
902, 174
58 438
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs
Shipments.
. do
Stocks, end of month . _
do ...
13, 617
14, 374
28, 573
12, 928
13, 986
27, 515
11, 393
11,611
28, 199
13, 945
13, 366
28, 907
13, 465
13, 495
28, 851
10, 023
12, 804
13, 592
14, 530
2 15, 072
923, 219
2 15, 144
769, 641 r 735, 251
13, 476
13, 551
28, 067
13, 250
13, 961
28, 163
13, 324
12, 317
29, 129
13, 046
12, 481
29, 774
11, 768
11,637
29, 905
13, 892
14, 447
29, 350
14, 076
15,155
28, 200
176
1,413
5 716
15 62
16, 75
27 06
COTTON
Cotton (exclusive of linters):
Production:
Ginnings§
thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales
Consumption^
bales
Stocks in the United States, end of month,
totall
thous. of bales
Domestic cotton, total
_
. do_ .
On farms and in transit
do
Public storage and compresses
... do
Consuming establishments
do
Foreign cotton, total
do._ -
906, 750
r
731, 137
r
671, 803
r
r
r
848, 055
r
686, 951
r
674 773
r
697 637
744 383
736 248
10, 638
9,057
7,577
6, 434
5,257
4,259
13, 646
12, 290
3,307
2,745
15 454
15 079
10, 551
12, 199
8,978
7,476
5,160
6,337
4,172
3,224
13, 550
2, 675
15, 387
15 021
3,371
1,442
4,916
2,418
638
970
412
6, 840
253
220
12 778
10 095
5, 644
4,394
5,514
5,886
4,920
2,992
3,773
2,380
1,782
1, 457
1,795
3 977
1,536
1,397
1,639
1,594
1,640
1,530
1,196
1,381
1,189
998
814
949
87
92
80
101
97
97
86
96
83
70
58
66
r
2
3
Revised.
1 Specification changed; earlier data not strictly comparable.
Total ginnings of 1951 crop.
Ginnings to December 1.
* December 1 estimate of 1952 crop.
JRevisions for January-July 1951 will be shown later.
tRevised series. Data beginning 1947 will be shown later.
cf Includes laminated board, reported as component board.
§Total ginnings to end of month indicated.
for October 1951 and January, April, July, and October 1952 cover 5-week periods and for other months, 4 weeks; stocks are for end of period covered.
3
13 42
* 15 03
915 59
14 35
14 30
6 40
6 64
1 25
5
SUKVEY OF CURRENT BUSINESS
December 1952
S-39
1952
1951
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
October
November
December
January
February
March
April
May
June
July
August
September
October
TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters)— Continued
Exports
bales
Imports
do
Prices received by farmers
cents
per
Ib
Prices, wholesale, middling, l5/ie", average, 10
markets
cents per Ib
Cotton linters:!
Consumption
thous. of bales
Production
_ _ _ _ _ _
_
do
Stocks, end of month _
do
583, 927
5,722
36.2
803, 580
1,046
41.0
979, 762
2,214
40.3
676, 400
15, 453
38.7
587, 763
35, 470
37.3
419, 304
1,652
36.7
334, 248
1,449
37.3
316, 461
373
36.1
264, 418
4,367
38.0
48, 114
6,865
37.0
106, 853
7,797
37.9
240, 501
10, 909
39.2
37.0
36.9
41.5
42.2
41.8
40.6
40.8
40.7
38.6
40.4
39.4
39.4
38.9
36.7
136
267
367
131
247
460
117
205
538
118
221
620
120
174
629
108
140
655
98
99
630
97
70
560
99
46
541
80
36
532
95
46
528
88
168
••578
108
256
706
53, 745
1,609
64, 127
1,690
2,319
77, 431
1,846
62, 133
1,884
72, 283
1,999
2,381
73, 609
1,434
59, 942
1,643
63, 442
1,295
' 2, 264
54, 136
1,251
54, 291
2,532
63, 315
1,529
v 2, 323
61, 830
3,976
31.20
40.7
17.1
18.4
28.72
41.6
17.8
19.3
29.95
42.7
18.1
19.8
29.04
42.7
17.8
19.4
28.45
42.7
17.0
18,8
26.61
42.7
16.5
18.0
25.83
42.7
16.4
17.3
26.17
42.7
16.0
16.5
24.40
40.7
16.8
16.5
27.09
40.7
17.4
17.0
28.89
40.7
18.4
17.5
31.13
40.7
19.3
17.8
33.98
40.7
19.3
P17.8
.784
1.069
.755
1.035
.738
1.019
.730
.991
.727
1.006
.733
1.022
.742
1.045
'.767
f 1. 080
P. 767
v 1. 090
21, 398
20,000
9,516
476
8,870
128.1
21, 432
20, 041
9,768
501
9,134
135.1
21, 612
20, 215
12,341
499
11, 525
134.8
84.7
28.1
••81.0
'26.7
75.5
24.0
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production quarterly,? mil of linear yards
Exports
thous ofsq yd
Imports
do
Prices, wholesale:
Mill margins
cents per lb__
Denim, 28-inch*___
cents per yd
Print cloth, 39-inch, 68 x 72*
do
Sheeting, in gray, 40-inch, 48 x 44-48*
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o. b. mill:*
20/2 carded, weaving
dol. per Ib
36/2 combed knitting
do
Spindle activity (cotton system spindles) :f
Active spindles, last working day, total. _ -thous _ _
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total.mil. of hr_Average per working day
do
Consuming 100 percent cotton
_
do
Operations as percent of capacity
21, 609
20, 394
11, 393
460
10, 721
124.1
21, 758
20, 519
9,050
464
8,486
125.4
21, 516
20, 264
8,336
439
7,823
118.4
21, 360
20, 102
11, 399
465
10, 686
125.8
21, 126
19, 854
9,265
471
8,696
127.3
21, 159
19, 885
9,040
452
8,478
122.3
20, 910
19, 613
10, 607
424
9,948
114.5
20, 834
19, 513
8,110
416
7,532
112.0
20, 770
19, 453
8,700
435
8,102
117.3
21, 325
19, 948
9,112
380
8,501
102.2
56.4
26.0
56.9
27.0
57.5
23.9
63.0
27.3
57.8
23.6
55.6
19.9
57.6
21.6
66.9
24.1
75.2
27.2
83.1
26.9
73.2
9.4
6,506
84.2
10.7
5,149
91.3
15.2
5,946
97.5
15.2
8,011
99.3
15.7
9,509
101.7
18.0
11, 175
99.1
18.9
7,128
90.0
17.8
3,864
78.8
15.2
3,902
65.1
15.9
3,995
57.7
15.0
' 5, 960
54.8
15.6
5,010
58.4
17.7
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
848
1,524
1,205
975
705
861
1,275
967
893
1,363
4.97
4.91
4.89
4.90
4.95
5.23
5.43
5.43
RAYON AND MANUFACTURES AND SILK
Eayon yarn and staple fiber:
Consumption:
Filament yarn. _
mil. oflb
Staple
fiber
do
Stocks, producers', end of month:
Filament yarn
_ _ __ do
Staple fiber _
___ _
_ _ _ do __
Imports
thous of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point*
dol. per Ib
Staple fiber, viscose, 1^3 denier
do
Rayon and acetate broad-woven goods, production,
quarterlycf
thous. of linear yards
Silk, raw:
Imports
thous of Ib
Price, wholesale, white, Japanese, 20/22 denier,
87% (AA), f. o. b. warehouse 9
dol. perlb._
842
708
p 461, 000
' 406, 000
445, 562
418, 931
r
P5.47
4.65
4.68
4.78
4.82
31, 800
7,780
21, 085
25, 472
6,652
19, 365
25, 200
7,044
26, 342
29, 330
11, 005
28, 493
24, 756
9,720
27, 432
23,924
9,252
28, 519
30, 020
11, 020
34, 347
25, 472
8,072
30, 633
27, 284
5,644
24,824
31, 350
6,380
31, 013
30, 432
9,044
26, 979
30,832
10, 548
28, 118
i 1. 980
1 1. 962
1 1. 850
1 1. 820
1 1. 644
1 1. 600
1 1. 580
1 1. 594
1 1. 600
1.627
i 1. 660
1 1. 596
.770
1.762
.740
.722
.644
.638
.598
.585
.585
.594
.605
.590
.620
i 1. 820
11.750
1 1. 650
1 1. 725
1 1. 562
11.375
1.375
1.425
1 1. 425
1.425
1 1. 425
1 1. 425
1 1. 535
124
1,750
9
130
1,787
10
129
1,763
13
130
1,745
14
139
1,735
18
147
1,592
19
136
1,534
13
145
1,647
16
145
1,743
20
130
1,528
19
163
' 1, 727
20
98
43
96
41
100
46
112
47
126
50
128
51
117
48
114
51
73
40
56
27
69, 869
77, 098
124
72, 835
76, 698
120
70, 034
72, 078
119
70, 037
68,175
110
73, 268
74, 786
121
67, 953
72,644
119
63, 457
71, 007
120
67, 772
70, 404
120
69, 696
78, 524
131
61, 138
68, 504
120
thous. of lb__
do
clo
60, 955
6,615
43, 965
10, 375
50, 812
5,400
36, 460
8,952
48, 372
4,576
35, 008
8,788
60, 710
6,150
40, 305
14, 255
53, 472
6,092
35, 768
11, 612
50, 984
5,356
34, 056
11, 572
60, 115
6,705
40, 290
13, 120
51, 056
6,036
34, 204
10, 816
50, 205
6,563
36, 844
6,798
54, 200
7,455
39, 585
7,160
Price, wholesale, worsted yarn (Bradford
machine knitting system) 2/20s*_..dol. per lb_.
2.477
2.453
2.410
2.389
2.286
2.219
2.110
2.098
2.128
2.146
WOOL
Consumption (scoured basis) :§
Apparel class
thous oflb
Carpet class
do
Imports, clean weightA
do
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured.. dol. per lb_.
Raw, bright fleece, 56s, 58s, greasy, 47 percent
shrinkage
dol. per Ib
Australian, 64s, 70s, good topmaking, scoured, in
bond
dol. per lb._
1.665
WOOL MANUFACTURES
Machinery activity (weekly average):!
Looms:©
Woolen and worsted:
Pile and Jacquard__ -thous. of active
Broad
Narrow
Carpet and rug:
Broad
hours. _
do
do
do
Spinning spindles:
Worsted©
^Vorsted combs
Wool yarn:
Production, total§©
Knitting §
"^"eayingl
r
do
do
113
46
163
1,795
19
134
52
'73,806
83, 377
149
74, 279
86, 050
154
r
55, 340
r
7, 960
' 37, 208
10, 172
56, 332
7,608
36, 440
12, 284
2.164
r 2. 134
r
P 2. 121
l
Revised.
* Preliminary.
Nominal price.
, _ , , , , _ , . ,
, <-•
• ^
*
^ f
•^
^
KData for October 1951 and January, April, July, and October 1952 cover 5-week periods and for other months, 4 weeks; stock data and number of active spindles are for end of period covered.
cfBeginnuig 1951, production of broad-woven goods is classified according to principal fiber content; production of fabrics containing 25.0-49.9 percent wool and rayon and cotton fabrics produced on woolen and worsted looms (which cannot be distributed between cotton and rayon goods) amounted to approximately 73 million yards in 1950.
*New series. Compiled by the 17. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 (except for cotton yarn) will be shown later.
9 Substituted series. Data beginning January 1950 will be shown later.
§Data for October 1951 and January, April, and July 1952 cover 5-week periods; other months, 4 weeks.
.
.
Almports of unmanufactured wool converted to a clean-weight basis; imports were formerly shown hi actual weight, i. e., in the condition received.
©Beginning 1951, looms weaving fabrics principally wool by weight.
0See note in August 1951 SURVEY regarding coverage of operations in cotton mills beginning with January 1951 data.
SURVEY OF CUKEENT BUSINESS
S-40
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
December 1952
1952
1951
October
November
December
January
February
March
April
June
May
August
July
September
October
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES— Continued
Woolen and worsted woven goods, except woven
felts :f .
Production, quarterly, total
thous oflin. yd
Apparel fabrics total
do
Government orders
do
Other than Government orders total do
Men's and boys'
do
Women's and children's
do
Nonapparel fabrics, total
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, f. o. b. mill:
Suiting, gabardine, 56"/58"*
dol. per yd
Women's dress goods, flannel, 8 oz., 54-inch
dol per yd
91, 325
78, 029
32, 037
45, 992
18, 667
27, 325
13, 296
8, 435
4,861
3.572
3.713
2 722
2 722
3.713
«• 82, 742
«• 71, 466
«• 17, 241
r 54, 225
27, 390
r
26, 835
r
11, 276
5,572
r
5, 704
87, 185
75 687
23, 533
52, 154
25, 111
27, 043
11, 498
6 536
4,962
3.713
3.713
i 3. 696
88, 370
78, 419
14, 828
63, 591
27, 007
36, 584
9,951
5,549
4,402
3.696
3.696
13.731
3.731
' i 3. 742
» 3. 742
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft, shipments
Exports t
162
62
152
69
224
42
227
212
248
73
291
149
330
115
335
112
353
67
349
76
337
57
number. . r 526, 448
1,174
do
1,108
do. __
414, 533
do _
401, 392
do
r
do . r110, 741
92, 276
do.. .
450, 416
833
710
356, 500
346 048
93,083
75, 653
380, 650
845
746
292, 799
284, 323
87, 006
70,834
375, 410
778
755
273, 639
258, 524
100, 993
85, 127
435, 216
625
525
334, 058
315, 670
100, 533
84, 499
482, 973
569
499
373, 237
352, 651
109, 167
92, 027
529, 585
597
507
416, 155
396, 912
112, 833
97, 591
503, 917
423
329
398, 286
381, 463
105, 208
90, 472
518, 710
484
382
408, 700
392, 933
109, 526
94, 500
211, 782
224
220
168, 327
161, 862
43, 231
36, 231
270, 982
349
271
218, 577
211, 140
52, 056
45,204
551, 159
387
330
438, 397
425, 266
112,375
99, 375
do
do
do
26, 264
11, 777
14, 487
35, 173
14, 606
20, 591
31,806
10, 468
21, 434
22, 100
9,205
12, 895
31, 614
14, 272
17, 342
33, 808
16, 280
17, 528
32, 772
17,633
15, 139
32, 759
18, 007
14, 752
28, 598
13, 396
15, 202
22, 784
10, 813
11, 971
14,049
7,026
7,023
20, 089
10, 564
9,525
do
do
do
do
- do
5,605
5,304
2,251
3,053
301
4,704
4,441
1,853
2.588
263
4,634
4,366
1,859
2,507
268
5,013
4,657
1,950
2,707
313
4,655
4,416
1,873
2,543
219
5,124
4,733
1,994
2,739
364
5,298
4,833
1,963
2,870
369
5,163
4,602
1,854
2,748
335
4,029
3,681
1,219
2,462
292
3,673
3,369
1,281
2,088
263
4,471
4,108
1,897
2,211
230
4.887
4,552
2, 280
2,272
242
5 465
5,149
2 708
2,441
260
373, 162
92, 281
332 099
76, 517
310, 084
62, 596
301, 379
59, 661
295, 479
59, 285
374, 288
73, 461
422, 217
71, 690
423 655
71, 471
340 454
72, 134
215,668
57, 786
318 870
65, 381
383 385
77, 486
10, 129
6,794
6,777
3,335
22
22
18
0
9,845
6,336
6,315
3,509
45
45
18
0
8,470
5,690
5,678
2,780
25
25
14
0
8,643
6,082
6,082
2,561
8
8
8
0
7,383
5,494
5,494
1,889
21
21
10
0
8,161
5,840
5,838
2,321
4
4
4
0
7,433
5,234
5,204
2,199
12
12
12
0
7,263
5,171
4,765
2,092
2
2
2
0
6,539
4,976
4,848
1,563
13
13
13
0
5,658
4,116
3,860
1,542
8
8
8
0
4,674
2,990
2,853
1,684
5
5
5
3,935
2 052
1,879
1 883
13
13
13
5,577
3 103
2,963
2 474
11
11
11
1,743
1,748
1,752
1,755
1,758
1,761
1,761
1,763
1,764
1,763
1,759
1 757
1 755
87
5.0
113, 394
76, 530
36, 864
84
4.8
110, 325
70, 914
39, 411
90
5.2
104, 831
67, 973
36, 858
87
5.0
98, 566
63,482
35, 084
87
5.0
93, 605
60, 107
33, 498
89
5.1
91, 056
58, 234
32, 822
93
5.3
89, 917
54, 810
35, 107
96
5.5
84, 341
51, 198
33, 143
101
5.7
77, 984
46, 409
31, 575
107
6.1
76, 870
45, 094
31, 776
102
5.8
75, 684
43, 144
32, 540
98
56
73, 609
42, 171
31 438
89
51
74, 728
41 381
33 347
3,009
13.5
2,901
13.3
2,718
12.8
2,643
12.7
2,701
13.3
2,480
12.6
2,502
13.0
2,237
12.1
2,170
12.0
2,131
12.0
2,217
12.7
2,125
12 5
2,015
12 1
21
0
21
1,721
1,721
0
20
0
20
1,789
1,789
0
19
0
19
1,720
1,720
0
18
0
18
1,594
1,594
0
17
0
17
1,573
1,573
0
16
0
16
1,441
1,441
0
30
0
30
1,463
1,463
0
28
0
28
1,347
1,347
26
0
26
1,156
1,156
23
0
23
976
976
0
21
19
o
25
0
25
1,186
1,186
0
21
841
841
19
864
864
60
1
59
65
3
62
37
1
36
73
37
56
59
39
59
54
52
43
587
545
42
728
652
76
673
581
92
658
607
51
681
611
70
702
646
56
643
598
45
652
617
35
648
554
94
394
369
25
564
528
36
516
488
28
number
do _
124
49
MOTOR VEHICLES
Factory sales, total
___
Coaches, total
Domestic
_
Passenger cars, total
Domestic
Trucks, total
Domestic _ _
.. _
._
Exports, total J
Passenger cars$
Trucks and bussest
-
Truck trailers, production, total
Complete trailers
-- Vans
All other
Trailer chassis
-
Registrations:
New passenger cars
New commercial cars
-
do
do _
322,857 <
63,364
604, 261
389
260
471, 808
459 958
132 064
116, 449
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total. ..
. .number .
Equipment Tnanufacturers, total
do
Domestic
_.
_.
do__ .
Railroad shops, domestic
do
Passenger cars, total
do. _
Equipment manufacturers, total do
Domestic
_ _
do__
Railroad shops, domestic
__do
Association of American Railroads:
Freight cars (class I), end of month :§
Number owned
thousands
Undergoing or awaiting classified repairs
thousands^Percent of total ownership
Orders, unfilled __
_ __
.number-Equipment manufacturers
. . do
Railroad shops
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number..
Percent of total on line
Orders, unfilled:
Steam locomotives, total
number ..
Equipment manufacturers
_
-do
Railroad shops
do
Other locomotives, total
__
...do
Equipment manufacturers
do
Railroad shops
_
do
Exports of locomotives, total
Steam
Other
_
.do _
do
-do
o
o
o
o
o
o
o
o
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
_
_ .number
do
_ . do
588
549
39
r
Revised.
» Preliminary.
* Specification changed; earlier data not strictly comparable.
fRevised series. Beginning with data for 1951, the Bureau of the Census reports for woolen and worsted woven fabrics refer to goods which are principally wool by weight (i. e., exclude
fabrics containing 25-49.9 percent wool previously included).
*New series. Compiled by U, S. Department of Labor, Bureau of Labor Statistics. More complete specifications are: Worsted suiting, women's and children's gabardine, 10^-12^i oz./yd.
Monthly data for 1950 will be shown later.
t Data through December 1951 for total exports and trucks and busses exclude military-type exports not shown separately for security reasons; thereafter the figures, including those for
passenger cars, exclude all military-type exports.
§Not including railroad-owned private refrigerator cars.
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids
„
24
Advertising
_,
7, 8
Agricultural employment
10
Agricultural loans and foreign trade
15,21,22
Aircraft
11, 12,13,14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
2,6,8,27
Aluminum
33
Animal fats, greases, and oils
25
Anthracite
2, 5, 11,13,14,15,34
Apparel, \vearing
3,4,5,6,8,9,11,12,14,15,38
Asphalt and asphalt products
36
Automobiles
2,3,7,8,9,11,12,13,14,16,18,21
Balance of payments
20
Banking,..
15,15
Barley
.
28
Barrels and drums_ _ .
32
Battery shipments
34
Beef and veal
29
Beverages
2,3,4,6,8,11,12,14,27
Bituminous coal
2,5,11,13,14,15,34,35
Blast furnaces, steel works, etc
11,12, 13,14
Blowers and fans
34
Boilers
...._...
33, 34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass_
33
B rick.. _
38
Brokers' loans and balances
16,19
Building costs
,
7
Building and construction materials
7,8,9
Business sales and inventories
3
Businesses operating and business turn-over _ _
4
Butter
27
Cans, rnetal
33
Carloadings
22,23
Cattle and calves
29
Cement and concrete products
2,6,38
Cereals and bakery products
5,11,12,14
Chain-store sales (11 stores and over, only)
9
Cheese
27
Chemicals
2,3,4,5,12,14,15,18,21,24
Cigars and cigarettes
6,30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc.)
2,6,38
Closures and crowns
33
Clothing (see also Apparel)
5,38
Coal
2,5,11,13,14,15,21,22,23,34,35
Cocoa
22,29
Coffee
22,29
Coke
2,22,23,35
Commercial and industrial failures__„
4
Communications
11,13,14,15,18,19, 20, 23
Confectionery, sales
29
Construction:
Contracts awarded
6
Costs
7
Dwelling units
7
Employment, earnings, hours, wage rates _ _
11,
12,13,14,15
Highway
6,7,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1,8
Consumers' price index
5
Copper
22,33
Copra and coconut oil
25
Corn
,.__ 19,28
Cost-of-living index (see Consumers' price
index)
5
Cotton, raw and manufactures
2,5,6,21,38,39
Cottonseed, cake and meal, oil
25
Crops
2,5,25,27,28,30,38
Currency in circulation
18
Dairy products
2,5,11,12,14,27
Debits, bank.
15
Debt, short-term, consumer
16
Debt, United States Government
17
Department stores
8,9,10,16
Deposits, bank
15,16,18
Disputes, industrial
13
Distilled spirits
27
Dividend payments and rates
1,18, 20
Drug-store sales
8, 9
Dwelling units
7
Earnings, weekly and hourly
13,14,15
Eggs and poultry
2,5,29
Electric power
5,26
Electrical machinery and equipment
3,
4,5,7,11,12,13,14,21,34
Employment estimates and indexes
10,11,12
Employment Service activities
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
25
Exports (see also individual commodities)
20, 21
Express operations
22
Failures, industrial and commercial
,__
4
Farm income, marketings, and prices
2,5
Farm wages
15
Fats and oils, greases
5,25,26
Federal Government
finance
16,17
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
16
Fertilizers
5,24
Fiber products
34
Fire losses
7
Fish oils and
fish
25,29
Flaxseed
25
Flooring
_ 31,32
Pages marked S
Flour, wheat
28
Food products
2,
3,4,5,7,8,9, 11, 12,14,18,27,28,29,30
Foreclosures, real estate
.
7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21,22
Foundry equipment
34
Freight cat-loadings
22, 23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
2,5,21,27
Fuel oiL
35
Fuels
.
2,5,34,35
Furs
.
22
Furnaces. _ .
34
Furniture
„ _ _ 2,3,5,8,9,11,12,13,14,16
Gas, prices, customers, sales, revenues
5,26
Gasoline
2,7,8,9,36
Glass products (see also Stone, clay, etc.)
2,38
Generators and motors
_,
- ,~
34
Glycerin
24
Gold._
18
Grains and products...
5,19,21,22,23,28
Grocery stores
8,9
Gross national product
1
Gypsum and products
.
6,38
Heating apparatus
6,11,12,13,14,33,34
Hides and skins
5,22,30
Highways and roads
6, 7,12,15
Hogs
29
Home Loan banks, loans outstanding
7
Home mortgages
7
Hosiery. _.
,
38
Hotels
_ _ _ _ 11, 13,14,15,23
Hours of work per week
12,13
Housefurnishmgs
5,8,9
Household appliances and radios
5,8,9,16,34
Immigration and emigration
23
Imports (see also individual commodities). 20,21,22
Income, personal
...
1
Income-tax receipts
16
Incorporations, business, new
,_,
4
Industrial production indexes _ _.
2,3
Instalment loans
.
16
Instalment sales, department stores
10
Insulating materials
34
Insurance, life
17,18
Interest and money rates.
16
International transactions of the U. S
20, 21, 22
Inventories, manufacturers' and trade
, _ 3,4,9,10
Iron and steel, crude and manufactures.
2,
6,21,32,33
Jewelry stores, sales, inventories...
8,9
Kerosene _ _ _,
.
35
13
Labor disputes, turn-over.
Labor force
10
Larnb 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, 22 : 23,29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
7,15,16 17, 19
40
Locomotives
39
Looms, woolen, activity
Lubricants
...
35
2,
Lumber and products
3, 5, 8, 9,11,12,13,14: 31,32
Machine activity, cotton, wool ________________ 39
Machine tools.. __________________________ 34
Machinery ________ 2 , 3 , 4 , 5 , 11, 12, 13, 14, 18, 21,34
Magazine advertising __________________ ___ _
8
Mail-order houses, sales__________ ________ ___ 8,9,10
Manufacturers' sales, inventories, orders ----- 3,4
Manufacturing production indexes ___________ 2,3
Manufacturing production workers, employment, payrolls, hours, wages ____ 11,12,13,14,15
Meats and meat packing__________2,5, 11, 12, 14,29
Metals _________ 2,3,4,6, 11, 12, 13, 14, 15, 18,32,33
Methanol __________ ______________________ 24
Milk ____________________________________ 27
Minerals and mining. ..... ... 2,3,11,13,14,15,20
Monetary statistics _________________________ 18
Money orders_________________. _____________ 8
Money supply ____________________________ 18
Mortgage loans ______________________ 7, 15, 16, 17
Motor fuel _______________________________ 36
Motor vehicles_______________________3,5,8,9,40
Motors, electrical __________________________ 34
National income and product____________. ____ 1
National parks, visitors ____________________ 23
Newspaper advertising ______________________ 8
Newsprint _______________________ _ ________ 22,37
New York Stock Exchange, selected data ____ 19, 20
Nonferrous metals _________ 2, 6, 11, 12, 13, 14r 22, 33
Oats ______________________________________ 28
Oil burners.. _______________________ ______ 34
Oils and fats, greases ____________________ 5, 25, 26
Oleomargarine _____________________________ 26
Operating businesses and business turn-over. _
4
Orders, new and unfilled, manufacturers" _____ 4
Paint and paint materials_____________________5,26
Panama Canal traffic ______________________ 23
Paper and pulp ____ 2,3,4,6,11,12,14,15,22,36,37
Paper and products. _ _ 2, 3, 4, 6, 11, 12, 14, 15, 36, 37
Passports issued _ . __________________ _______ 23
Payrolls, indexes___________________________
12
Personal consumption expenditures __________ 1,8
Personal income __________________________ 1
Pages marked S
Personal sa\^ng and disposable income
1
Petroleum and products
2,
3,4,5,11,12,13,14,15,21,22,35,36
Pigiron
32
Plant and equipment expenditures
1
Plastics, synthetic, and resin materials
26
Plywood
.
31
Population
10
Pork
29
Postal savings
,
16
Poultry and eggs
2,5,29
Prices (see also individual commodities):
Consumers' price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
5,6
Printing and publishing
2,3,4,11,12,14,15,37
Profits, corporation.
1
1,18
Public utilities... 1,6,11,13,14, 15,17,18,19,20,26
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radio and television
5, 7,34
Railroads, employment, wages, financial statistics, operations, equipment
11,
12,13,14,15,17,18,19,20,22,23,40
Railways (local) and bus lines
11,13,14,15
Rayon and rayon manufactures
2,39
Real estate
7,16,17,19
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Refrigerators, electrical
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores
3,4,8,9,10,11,13,14,15
Rice_
......... 28
Roofing and siding, asphalt
36
Rosin and turpentine
.
24
Rubber, natural, synthetic, and reclaimed!*
tires and tubes
6,22, §7
Rubber products industry, production index,
sales, inventories, employment, payrolls,
hours, earnings
2,3,4,12,14,15
Rural sales
_ _ _ _ _ _ _
10
Rye
II
28
Saving, personal
1
Savings deposits
16
Securities issued
18,19
Services....
4,8,11,13,14,15
Sewer pipe, clay
38
Sheep and lambs
29
Ship and boat building
11,12,13,14
Shoes and other footwear
2,8,9,12,14,15,31
Shortenings
26
Silk, imports, prices
6,39
Silver
18
Soybeans and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
.
32,33
Steel scrap
32
Stocks, department stores (see also Inventories)
10
Stocks, dividends, listings, prices, sales, yields.
20
Stokers, mechanical
.
34
Stone, clay, and glass products
2,
3,11,12,13,14,38
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
Textiles
2,3,4,6,11,12,14,15,21,38,39,40
Tile
38
Tin
22,33
Tires and inner tubes
6,12,14,15,37
Tobacco
2,3,4,5,6,8,11,12,14,15,21,30
Tools, machine
34
Trade, retail and wholesale. 3,4,8,9,10,11,13,14,15
Transit lines, local
22
Transportation, commodity and passenger
22,23
Transportation equipment.__ 2,3,4,11,12,13,14,40
Travel
23
Truck trailers
40
Trucks
40
Turpentine and rosin
24
Unemployment and unemployment compensation
1Q,13
United States Government bonds
16, 17, 18, 19
United States Government
finance
16,17
Utilities
1,5,6,11,13,14,15,17,18,19,20,26
Vacuum cleaners
34
Variety stores
8, 9
Vegetable oils
25,26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
13,14,15
Washers
34
Water heaters....
34
Wax
36
Wheat and wheat
flour
19,28
Wholesale price indexes
5,6
Wholesale trade
3,4,10,11,13,14,15
Wood pulp
3.6
Wool and wool manufactures
2,6,22,39,40
Zinc
,_
33
Volume 32
!$mi*V@jf
€$f Current HuSimem
19JS2 Index «f Special
Numbers 1-12
anil Features
SPECIAL ARTICLES
State Estimates of the Business Population 1944-51 .
Payment on Foreign Indebtedness to the United
States Government
Xo.
1
Page
1
18
1
8
15
13
19
Mobilizing Production for Defense
7
Economic Impact of Federal Government Programs .
The Balance of International Payments, 1951 . . .
Business Investment and Sales in 1952
Consumer Markets for Durable Goods
Labor Income in the Postwar Period
Foreign Aid in 1951
International Exchange of Services
Distribution of National Income
3
3
4
4
5
5
5
6
1
i
14
18
16
National Income and Product of the United States,
1951 . . . . . . . .
.
State Income Payments in 1951
.
Capital Expenditures by Nonmanufacturing Industries . . . - , . « •
Debt Changes in 1951
New Series on Retail Store Sales
Foreign Aid in Fiscal Year 1952
Financial Experience of Large and Medium Size
Manufacturing Firms, 1927-51 . . . . . . . .
U, S. Direct Investments in Foreign Countries , , .
Survival Patterns of the Postwar Business Population .
Xo.
Page
8
g
10
8
9
9
10
19
10
16
6
11
12
12
*7
7
12
FEATURES
3
Defense Program Progress Report
Capital Goods Programs Still Expanding
National Income and Profits, Third Quarter 1951 ,
1
1
1
Mobilizing Production for Defense
9
4
6
1
3
3
3
4
4
4
5
3
4
9
5
6
3
3
6
6
6
6
9
13
Military and Producers' Goods Pace Industrial Production
. , , . . . . ,
,
Distribution and Trends of Manufacturers* Inventories
.
Expansion of Capacity in the Postwar Period . . .
Recent Price Developments
New Construction Activity in 1952
Review of National Income and Product in the First
Quarter of 1 952 . .
Trends in Manufacturers' Orders
Plant and Equipment Demand at Record Rate in
Third Quarter . , ,
, , . .
Balance of Payments Trends in the First Quarter of
1952 . . " , . . . .
The Business Population
UNITED STATES
.GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D. C.
OFFICIAL BUSINESS
First Class
Workers' Hourly Earnings in Manufacturing Continue Upward . . . , . . , . , , . , . . , , .
Income of Physicians, Dentists, and Lawyers, 194951
. . . . . . , . . „
Review of National Income and Product in the
Second Quarter ,
Income on International Investments in 1951
Plant and Equipment Investment in 1952
Balance of Payments Trends During the Second
Quarter ,
.
. . . , . , . . , , . . . .
American Foreign Investments in 1951 and 1952 .
Current Pi ice Developments , . . ,
Revision of Business Sales, Ordciv, and Inventories
Review of National Income and Product in the Third
Quarter .
,
. ,
New Series on Retail Store Inventories— Manufacturers" Orders-- Business Invent ork^ and Sales .
Capital Goods Demand High for Early 1953 . , .
Balance of Payments Trends During the Third
Ouarter
. . . .
3
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8
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3
8
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9
9
10
10
3
12
11
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11
12
14
3
12
4
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