Full text of Survey of Current Business : December 1953
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DECEMBER
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1953
SUKVEY
©F CUKItEMT
BUSINESS
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
Albuquerque, N. Mex.
204 S. 10th St.
DECEMBER 1953
Los Angclea 15, Calif.
112 West 9th St.
Atlanta 3, Ga.
86 Forsyth St. NW.
Memphis 3, Term.
229 Federal Bldg.
Boston 9, Mass,
261 Franklin St*
No. 12
Miami 32, Fk.
36 NE. First St.
Buffalo 3, N. Y.
117 EUicott St.
PAGE
THE BUSINESS SITUATION
Business Investment Programs for Early 1954.
Third Quarter Balance of Payments
Reflects Continued Advances Abroad. • . .
1
8
5
Charleston 4, S. C.
Area 2,
Sergeant Jasper BIdg.
*
SPECIAL ARTICLES
Income on U. S* Foreign Investments * * . ,
8
Residential Construction Activity and
Financing
.
. 15
NEW OR REVISED STATISTICAL SERIES
Business Sales a n d Orders * » * . . « , » . , 2 1
New Orleans 12, La.
333 St. Charles Ave.
New York 13, N. Y.
Cheyenne, Wyo.
307 Federal Office BIdg.
Chicago 1, 111.
226 W. Jackson Blvd.
Cincinnati 2, Ohio
*
Minneapolis 2, Minn.
607 Murquette Ave.
755 U. S. Post Office
and Custom House
Clereland 14, Ohio
925 Euclid Ave.
Dallas 2, Tex.
1114 Commerce St.
Denver 2, Colo.
142 New Custom House
Detroit 26, Mich.
230 W. Fort St*
* * *
346 Broadway
Philadelphia 7, Fa.
1015 Chestnut St.
Phoenix, Ariz.
137 N. Second A Ye*
Pittsburgh 22, Pa.
717 Liberty Ave.
Portland 4, Oreg.
520 SW. Morrison St.
Keno, Nev.
1479 Wells Ave.
Richmond, Va.
400 East Main St.
St. Louis I, Mo.
1114 Market St.
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
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870 Market St.
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311 W. Monroe St.
MONTHLY BUSINESS STATISTICS . . S~l to S-40
Statistical Index • • * * • » . Inside back cover
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911 Walnut St.
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909 First Ave.
For local telephone listing, consult section
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DECEMBER 1953
tit
uctuon
By the Office of Business Economies
^%s^
JjUSINESS has continued high in the fall months with
output and income above the same period of last year.
Aggregate demand by business, consumers, and Government for products of final use has held at about the rate of
earlier months. Some easing in production has been evident
recently, however, as business firms have slowed up inventory accumulation or liquidated stocks where, they have
appeared to be excessive. The result has been a moderate
curtailment in many lines of manufacturing. Factory employment has been reduced somewhat and overtime work
has gradually been contracted. Unemployment in November remained at a low level although some increase was noted
from October.
Business continues to make large investments in fixed
capital for the expansion of plant and the general improvement of the efficiency of production. The rate of expenditures for plant and equipment in the third quarter exceeded
both the first half of this year and earlier expectations. As
indicated in the adjacent chart and detailed later in this
issue, business expects investment outlays in the current
quarter and the opening quarter of next year to continue
at a high rate.
New^ construction from October to November again showed
less than the usual seasonal decline. On a seasonally adjusted
basis November private construction was the highest since
June. Most major classes of both public and private construction have been exceptionally active for this time of year
with commercial building recording a rise to a new high.
Plant and Equipment Expenditures
Business investment in late 1953 exceeds
previous plans — early 1954 programs
equal 1953 average rate
BILLIONS OF DOLLARS
35
30
TOTAL
25
20
Income continues high
15
Personal income in October was unchanged from September, except for a nonrecurrent payment which lifted the
October rate. This was a special insurance dividend payment to veterans of World War I. Wage and salary receipts
were unchanged on a seasonally adjusted basis, as a continued
reduction in factory payrolls was offset by larger disbursements in trade and construction. Other major components
of the income flow also held at the same rate as in September.
Preliminary estimates indicate that retail sales in November, after adjustment for seasonal variation, amounted to
$14.3 billion, as compared to $14 billion in October and a
$14.2 billion rate during the third quarter. The November
sales advance of 2 percent over October was led by the furniture and appliance group, gasoline stations, general merchandise stores, and drug stores. Automotive sales were
somewhat lower, with other major kinds of business unchanged or slightly higher.
MANUFACTURING AND MINING
10
COMMERCIAL AND OTHER
1950
1951
1952
1953
1954
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
281300°—53-
53~I23-I
Manufacturing output lower
As the result of production cutbacks, factory employment
continued to recede in October and November. On a
SUEVEY OF CURRENT BUSINESS
seasonally adjusted basis, November employment was below
early summer by about 700,000, or 4 percent. Durable
goods manufacturers had curtailed employment more than
those making nondurables. Alining employment had been
tending downward throughout the year. In c, nstruction,
however, a contraseasonal rise since the summer had restored
the employment lost earlier in the year. Meanwhile, employment in non-commodity-producing industries has remained at about the levels reached during the early summer
months.
Reduced production schedules have also affected the
length of the factory workweek, primarily through a reduction in overtime. The average factory workweek in manufacturing in October was 40.3 hours as compared with 41.4
hours last October. Hours worked have been contracted
about equally in the durable and nondurable industry groups
but the workweek in the latter is, as usual, about 2 hours
shorter than for the durables. Most industries are still
working the standard weekly hours or longer. The textile
and leather products industries are the chief lines where
working schedules are below this.
Notwithstanding the reduction of premium pay for overtime, average hourly earnings in manufacturing at $1.78 in
November were unchanged since September and above any
previous month.
Indications are that November industrial production
shaded off further as a result of a decline in the durable goods
industries which stemmed from reduced automobile and
steel production. Automobile output was affected by the
model changeover of major producers and the usual liquidation of the current year's models. Production of nondurable
goods held up until this fall and the recent decline has been
moderate.
Mill operations in the steel industry began the month of
November at 93 percent of rated capacity and ended at 87
percent. Some of the loss in production resulted from a
work stoppage affecting a portion of the industry during
the last half of the month. In the automobile industry, the
substantial November cutback reduced assemblies from
621,000 units in October to 437,000 in November. For the
year as a whole the industry is expected to produce 7.4
million passenger cars and trucks compared with an output
of 5.5 million last year.
Industrial output in the first 11 months of the year
exceeded the comparable period of a year ago by 8 percent.
Backlogs support manufacturing
output
For about a year, manufacturers' shipments have been
running ahead of incoming new orders. This has been
possible because of the still large volume of unfilled orders.
These unfilled orders are generally held by durable manufacturers. They have remained unfilled either because of
their complexity which necessitates a long period of manufacture or because the quantities ordered considerably exceed
in the aggregate the productive capacity of the firms holding
them.
New orders placed with manufacturers are one of the best
available indicators of business conditions for various
reasons, one of which is that they reflect to an important
extent businessmen's expectations as well as the effects of
long-term procurement programs of the Government, such
as those for aircraft. Interpretation of the new orders data
at the present time is somewhat clouded, however, by the
inability to segregate gross new orders from cancellations.
Relation of orders to output
Since the second quarter of this year when manufacturers'
sales attained their maximum, new orders have fallen more
December l!)r>3
sharply than shipments. In October new orders received by
manufacturers were down 12 percent from the April-June
quarter while their shipments were off only 4 percent.
Study of the relative movements of sales and new orders by
industry groups reveals some tendencies not shown by the
all-industry aggregates.
From the standpoint of unfilled orders, industries fall into
three groups. The first is composed of industries producing
chiefly perishable products where a new order is the equivalent of a sale and where consequently there are no unfilled
orders. A second group consists of nondurable goods
industries which do receive orders for future delivery,
mostly near term, and which therefore do have a certain
volume of unfilled orders. A third group is composed of
durable goods manufacturers where orders for future delivery
are the general rule.
Shipments of nondurable goods industries which do not
have unfilled orders have held up better than those of manufacturing industries which do have accumulated unfilled
orders. The chief reason, however, is the relatively stable
character of the industries included in the former group,
which comprises such basic consumer staples as foods,
beverages, tobacco, and apparel along with chemicals,
petroleum and coal products, and rubber products. Sales of
these industries in October were unchanged from the second
quarter level as compared to a 10 percent decline for industries with unfilled orders.
Among the industries with unfilled orders, shipments ol
those producing nondurables were somewhat lower in October
relative to the second quarter than was the case for the
durable goods industries. This group comprises textile mill
products, leather products, paper and allied products, and
printing and publishing. Accumulated unfilled orders in
this group do not ordinarily become large in relation to sales;
in 1949 the unfilled order-sales ratio averaged 1 month's
sales. In the boom following the outbreak of Korean hostilities, the ratio rose moderately and averaged 1.7 months'
sales in 1951. During the first half of this year, unfilled
orders of this group averaged 1.1 months' sales and by
October had returned to approximately 1 month's sales again.
Backlogs no larger than this do not permit the sales trend
to depart ver^y far from that of new orders.
New orders for durable goods in October were down onefifth from the April-June quarter, which was somewhat more
than the decline for nondurable goods industries having
unfilled orders. Durable goods shipments, on the other
hand, have held up a little better than sales of nondurable
goods producers with unfilled orders because the bigger
unfilled order accumulation for durables has assisted producers to maintain sales by shipping against backlogs.
October sales of durable goods manufacturers were off 6
percent from the second quarter compared to 10 percent for
producers of nondurables with unfilled orders.
Unfilled order backlogs have been most effective in supporting sales despite declining new orders in the transportation
equipment and electrical machinery groups. Cancellation
of defense contracts has affected transportation equipment
more than any other group with the result that October
new orders net of cancellations were down by a fourth from
the second quarter. Because of large unfilled orders, shipments of this industry group in October were down only 2
percent from the April-June average. In 1949, the unfilled
order-sales ratio for transportation equipment averaged
somewhat less than 2 months' sales; the October ratio of
about 8 months' sales was still far above the rate prior to
the Korean hostilities.
October unfilled orders for electrical machinery, also
amounting to 8 months' sales, enabled producers of these
products to maintain their shipments at the April-June period
rate although their new orders were 15 percent lower. In
December 1053
SUEVEY OF CURRENT BUSINESS
this industry the 1949 unfilled order backlog averaged 4
months' sales, so the unfilled order accumulation is currently
about double that prior to the defense buildup.
In the nonelectrical machinery group, the unfilled ordersales ratio stood at 4.3 months' sales in October compared
with the 1949 average of 3 months' sales. This backlog
served to protect shipments, which were down only 7 percent
from the April-June period while new orders were of! by
about the same proportion as in the electrical equipment
industry.
In primary metals, October unfilled orders equaled 3
months' sales, the same as in 1949, while unfilled orders for
fabricated metals aggregated 4.7 months' sales as against
3.6 months' in 1949.
'
Unfilled orders for other durable goods industries, which
include mainly stone, clay and glass products, lumber, furniture, instruments, and ordnance, are still considerably larger
in relation to sales than in 1949. Here, too, there is evident
the same pattern of shipments holding up better than new
orders because of the supporting backlog.
Business Investment Programs for Early 1954
investment programs for
E USINESSofexpects its fixed to be maintained at about the
first quarter the coming year
the
same high rate as the 1953 average. Planned outlays at a
seasonally adjusted annual rate of $28 billion are scheduled
by non-farm businesses for the first 3 months of 1954, according to the regular quarterly survey conducted in November
by the Office of Business Economics and the Securities and
Exchange Commission. The latest figures are slightly below
the second half of 1953 but are above any previous period.
The fourth quarter annual rate of $28.3 billion, although
still not final, is substantially higher than previously anticipated by business for this period. All major industry groups
except mining reported larger figures than previously.
For the year as a whole, investment in plant and equipment will approximate $28 billion, up almost $1.5 billion over
1952, with all major groups except transportation contributing to the increase. After allowance for price changes,
additions to productive facilities during 1953 are more than
one-fourth higher than the rate of installation in the immediate pre-Korean period.
Most industries show little change
Most of the major industry groups expect their first
quarter investment to be quite close to 1953 average rates.
As the chart on page 1 indicates some industries expect to
spend somewhat more and others a little less than they did
in 1953. Planned spending by public utilities and the "commercial and other" group show the greatest strength, with
expected outlays above 1953 rates. The railroads plan to
invest about 10 percent less, while scheduled investment by
manufacturing, mining, and nonrail transportation companies is close to their 1953 average outlays.
Manufacturers expect lower outlays
Manufacturing concerns anticipate expenditures at a
seasonally adjusted annual rate of $12.1 billion in the first
quarter of 1954, down about 4 percent from the full year 1953
average of $12.6 billion.
Reflecting primarily the approaching completion of nearterm goals in primary metals, durable-goods manufacturers
are expecting to spend about 6 percent less in the first quarter
than in the average 1953 quarter. This is the third successive quarter in which durable outlays will have declined but
it must be remembered that expenditures in this area have
been high. First-quarter durable expenditures, after seasonal
adjustment and a rough allowance for price changes, are still
some four-fifths higher than they were in the immediate
pre-Korean period.
Both steel and nonferrous metal producers expect to spend
less in early 1954 than they did in the average 1953 quarter
and both of these industries have spent less this year than in
1952. Despite the advanced stage of their expansion goals,
the easing of fixed investment outlays by these industries
has been quite moderate—a reflection of the large backlog of
replacement requirements as well as the needed rounding out
in finishing facilities to complement newdy added basic
capacity.
Outstanding among the durable goods industries currently
are the motor vehicles and electrical equipment industries.
Both substantially increased their capital expenditures from
1952 to 1953, and have scheduled higher rates in early 1954.
Nondurable-goods manufacturers as a whole expect some
falling off in capital outlays between the third quarter of this
year and the first quarter of 1954. The petroleum industry
expects first quarter spending at an annual rate as high as the
record-breaking outlays of $2.8 billion in 1953. Investment
plans of paper and beverage companies are also above their
1953 rate but chemical companies are planning some reduction. Planned outlays by textile firms point to a continuation of the declining trend of the past 2 years.
Nonmanufacturing trends mixed
Spending by the combined public utility group is expected
to be at a seasonally adjusted annual rate of $4.5 billion in
the first quarter, up 7 percent from the corresponding period
of 1953. The increase is attributable entirely to the electric
utilities, where programs for new generation and transmission
facilities are large. First quarter schedules call for the highest rate of spending achieved thus far, after allowing for
seasonal influences. Important in this increase is the new
demand for electricity being created by the installation, of
new atomic energy facilities. . Gas utility companies are expecting a drop in their investment expenditures from mid1953 rates.
The buoyancy in anticipated expenditures by the "commercial and other" group is attributable in large part to the
heavy outlays for store construction and equipment by trade
concerns. In both mining and the nonrail transportation
group, outlays anticipated for the first quarter of 1954 are
somewhat above actual outlays in the same quarter of this
year, although lower than in the second half of 1953. Within
mining, the petroleum extraction group continues to spend
record amounts on gas and oil-well drilling.
Diesel programs near completion
The railways expect the declining trend in expenditures
experienced so far this year to carry into the first quarter of
1954. This is the result of reduced outlays for equipment
since expenditures on roads and structures have been running
about 5 percent above those in 1952. These outlays cur-
SURVEY OF CURRENT BUSINESS
rently reflect a combination of higher income and exceptionally good weather conditions.
Although freight car installations have been about the
same this year as last, locomotive installations have been
lower as the dieselization programs, which have accounted for
about 40 percent of total capital outlays of Class I roads in
the years 1950-52, near completion. As of the middle of this
year diesel locomotives accounted for 75 percent of freight
service, 78 percent of passenger service, and 83 percent of
switching service on Class I roads. Diesel locomotives installed by Class I railroads in the first 9 months of this year
have been almost one-fifth less than in the comparable 1952
period while unfilled orders at the end of September were
lower than at any time since the early postwar period.
Facilities expansion program
Expansion of facilities under the Government's rapid
amortization program has continued to bulk large in aggregate fixed investment. Although investment under this
program apparently reached a peak in 1952, the decline
December 1953
since then has been quite gradual and promises to remain so
in 1954. This is due to the fact that a number of programs
have taken longer than had been anticipated and because a
substantial backlog of work remains to be done under certificates of necessity still in force. About $5 billion of new
certificates will be issued during the full year 1953.
By the end of the year, certificates with a value of about
$29 billion will have been issued under this program. Of this
amount approximately $21 billion will have been put in place
by the end of December, of which some $6 to $7 billion is
attributable to 1953 investment. Thus, roughly $8 billion
of work remains under approved certificates issued through
1953. In addition, the Office of Defense Mobilization has
recently announced that assistance will be continued for certain products and services where further domestic expansion
may be required. While the additional amount of certificates
to be issued in the future has not yet been determined, and
although a number of programs may run on for another 2
years or more before completion, it is unlikely that for 1954
at least there will be a substantial decline from 1953 in the
volume of work put in place.
Table 1.—Expenditures on New Plant and Equipment by U. S. Business,1 1950-54
[Millions of dollars]
19 52
1950
1951
1952
Jan.Mar.
1954
Apr.June
JulySept.
Oct.Dec.
Jan.Mar.
Apr.June
JulvSept.
Oct.-
Dec.*
Jan.Mtir.2
7,491
10,852
11,994
12,423
2,650
3, 156
2,820
3,367
2 747
3 280
3 079
3 316
9 828
-
3, 135
5,168
5,784
5,858
1,307
1,465
1,358
1,654
1,319
1 523
1 448
1 567
1 331
-
599
134
350
245
411
1, 198
1,538
1, 410
555
394
438
898
319
125
86
82
173
416
141
86
92
187
331
166
285
119
99
103
210
510
851
896
959
194
219
397
253
318
210
288
]VIanu fac turing
Durable goods industries
Primary iron and steel
Primary nonferrous metals
Fabricated metal products
Electrical machinery and eQiiipment
IVlachinery except electrical
-
Motor vehicles and equipment
Transportation equipment excluding motor vehiclesStone clay and class products
Other durable goods ^
82
280
524
310
433
373
683
701
595
355
376
772
682
88
174
470
163
106
114
238
324
129
94
89
198
377
145
108
115
235
335
146
91
114
215
373
135
100
126
249
214
241
72
80
46
73
247
201
219
43
65
52
78
2Q8
61
67
157
708
84
168
176
159
179
182
194
241
53
78
175
58
80
(*)
(6\
51
136
4,356
-
Chemicals and allied products
Petroleum and coal products
Rubber products
Other nondurable goods 4
6,210
6,565
1,343
1,691
1,463
1,713
1,428
1,757
1 631
1 749
1 497
579
274
531
420
540
245
400
354
517
348
295
420
134
48
109
82
145
61
110
87
123
64
87
89
138
73
93
96
120
82
83
82
145
99
84
102
124
68
113
128
89
60
124
108
82
49
101
771
- -
5,684
523
237
450
327
Nondurable goods industries
Food and kindred products
Beverages
Textile mill products
Paper and allied products
19 53
1953 2
1,247
2, 102
1,451
2, 596
1, 650
2,778
140
416
317
513
33
108
366
747
39
136
358
592
34
116
410
745
34
124
373
552
30
105
449
724
39
116
407
711
34
95
421
790
36
100
348
689
27
94
1,587
-
102
359
150
382
139
484
929
880
891
217
228
206
229
199
212
238
241
214
Railroads
1,111
1,474
1,391
1,323
360
386
289
357
310
358
299
356
279
Transportation other than rail
1,212
1.490
1,363
1,363
356
372
302
335
311
339
355
357
330
3,309
3,664
3,838
4, 484
821
928
947
1,142
904
1,148
1,225
1,012
707
Public utilities
Commercial and other "
Total
-_
1,206
6,775
7,235
6,989
7,345
1,737
1,738
1,630
1,835
1,675
1,887
1,899
1 884
1 828
20, 605
25, 644
26, 455
27,827
6, 141
6,898
6,244
7,265
6,147
7,225
7,076
7, 379
6.490
12.48
.86
1.38
1.27
4.20
6.98
12.66
.84
1.32
1.28
4.59
7.37
12.71
.95
1.30
1.46
4.70
7.69
12.44
.91
1.28
1.44
4.30
7 90
12.08
.88
1. 18
1 32
4 52
7 98
27.18
28.06
28.82
28.28
27.96
Seasonally adjusted at annual rates
[Billions of dollars]
Manufacturing
Mining
- -Railroads
Transportation other than rail
Public utilities
Commercial and other "
Total
1. Data exclude expenditures of agricultural business and outlays charged to current
account.
2. Estimates based on anticipated capital expenditures as reported r y business in November, 1953. In addition to seasonal adjustment, the fourth quarter of 19 3 and the first quarter
of 1954 are adjusted when necessary for systematic tendencies in antic patory data.
3. Includes lumber products, furniture and fixtures, instruments, crdnance and miscellaneous manufactures.
1.56
1.44
3 89
7. 19
12.24
.90
1.44
1.36
3.75
6.89
11.64
.83
1.24
3.71
6.80
12.23
.87
1.32
1.38
4. 04
7.12
26.72
26.58
25.49
26.96
11.78
.93
4. Includes apparel and related products, tobacco, leather and leather products and printing and publishing.
5. Includes trade, service, finance, communication, and construction.
6. Data not available separately but are included in totals.
Source: U. S. Department of Commerce, Office of Business Economics, and Securities
and Exchange Commission.
December 1053
SURVEY OF CURRENT BUSINESS
Third Quarter Balance of Payments
Reflects Continued Advances Abroad
HE growing strength of
by
T, third-quarter exchange foreign economies is indicated the
the
of goods and services with
United States, and by the continuing improvements in their
dollar positions. If changes in all foreign dollar assets
and foreign short- and long-term liabilities (excluding direct
investments) are combined, the overall net foreign dollar
position improved by about $750 million during the third
quarter as against $650 million in the preceding quarter.
The accelerated improvement occurred despite the reduction
in net Government grants, other than those in the form of
military end items, by about $180 million.
Foreign official reserves rose by $610 million through
transactions with the United States as against $470 million in
the previous quarter. Repayments of previously incurred
debts by foreign countries declined, however, and new
liabilities to the United States increased as a result of disbursements on Government loans to Brazil and France. The
loan to Brazil represented drawings of $90 million (to a total
of $210 million by the end of September) against the $300
million credit granted for the purpose of repaying overdue
commercial liabilities by that country to the United States.
The loan to France, amounting to $100 million, represents
an advance against military contracts placed there under the
offshore procurement program.
may be expected to decline at later periods to reflect the
lower current prices.
The price of natural rubber, however, fell below the price
of synthetic earlier in the year. As the accompanying
tabulation shows, the decline in domestic rubber consumption during the third quarter affected the domestic product
more than the imported. This condition is likely to continue
in case domestic consumption declines if the price relationship remains the same.
U. S. Exports —
Total and Selected Groups*
The recent export decline was mainly in
manufactured goods, while agricultural
goods declined earlier
MILLIONS OF DOLLARS
4000
$
3500
Goods and service imports exceed exports
The balance on goods and services (omitting again the
exports under military aid) changed from an excess of United
States exports of about $50 million during the second quarter
to an excess of United States imports of about $200 million
in the third. Approximately $100 million of this quarter of
a billion change may be attributed to the seasonal rise in
net travel expenditures. Another $60 million was due to a
rise in military expenditures, including "offshore" procurement, construction, and troop expenditures. (See table 2.)
Imports of raw materials decline
Merchandise imports to the United States as recorded by
the Bureau of the Census declined from the second quarter
by about $175 million. Foodstuffs, which are more affected
than other commodities by seasonal movements, accounted
for $14 million of the decline. The value of other imports
was about 8 percent lower than in the second quarter.
Imports included several thousand tons of copper from
Chile which had not been sold on the domestic market by the
end of September and for which appropriate adjustments
were made in the balance of payments. Since average unit
values for nonfood imports remained nearly unchanged from
the second to the third quarter, the decline in the value of
imports equaled the decline in volume. The stability in
import prices during the recent period of shifting demand
within the domestic economy w7as due to several factors and
the effects upon the volume of imports varied from commodity to commodity.
Unit values of many raw materials had been declining
since the middle of 1951 which represented the peak of the
boom following the invasion of Korea, but the rate of decline
had slowed down since the end of 1952. In part, the price
stability during the third quarter was due to the existence of
long term contracts under which deliveries were still made
at prices which are above current market quotations. This
applies particularly to copper and tin for which unit values
3000
TOTAL EXPORTS
(INCL. REEXPORTS)
2500
2000
1500
AGRICULTURAL
GOODS
MANUFACTURED CAPITAL
GOODS
1000
500
MANUFACTURED
I
1951
CONSUMER GOODS
I
1952
1953
QUARTERLY TOTALS
* EXCLUDING EXPORTS UNDER MILITARY
U. S. DEPARTMENT
GRANT PROGRAMS
OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-123-7
In the case of zinc, imports supplied a rising proportion of
domestic requirements over recent years and the decline in
consumption from the second to the third quarter affected
imports considerably less than domestic production.
In the case of copper and lead, however, fluctuations in
domestic demand apparently affected the volume of imports
more than the domestic output. The rise in the price of
foreign wool during 1953, apparently in response to a higher
demand by other wool consuming countries, reduced both
imports and the consumption of foreign wool.
SURVEY OF CURRENT BUSINESS
6
Imports of manufactured goods were affected by the decline in demand for agricultural machinery and foreign-made
automobiles. Imports of textiles and other miscellaneous
products, however, rose. Iron and steel mill products declined by about 10 percent to $72 million, which was still a
large amount, however, in view of the relaxed supply situation for steel in this country.
Rubber Consumption and Imports
Consumption
Imports
Natural
Synthet ic
Thous. long tons
1952
207
201
187
212
IV.
1953 I.
220
221
178
108
109
105
132
246
210
169
183
141
144
133
170
179
159
The economic improvement abroad is indicated by recent
export developments. See chart. Exports of manufactured
goods (excluding military items supplied under aid programs)
declined from the second to the third quarter. This applies
both to producers' and consumers' goods. The decline of
some of these exports, such as passenger cars and textiles
among the consumer goods and of agricultural machinery and
tractors among the producers' goods, may in part be due to
seasonal factors. The remaining decline, however, cannot be
explained by the factors which have reduced exports in previous periods, such as the tightening of foreign exchange restrictions or, at other times, a more stringent supply situation
in the United States. Rather, it seems that with expanding
production abroad foreign countries have become less dependent upon the United. States for manufactured goods as
supplies from foreign sources at competitive terms have become available in increased quantities.
An examination of imports by Canada, for instance, discloses that for several major items other countries have
become more important as sources of supplies.
December 1953
decline in Government services reflects mainly the decline
in military aid which was provided in this form. Income on
private investments was about $30 million below receipts
during the third quarter last year. The decline was largely
in dividends from foreign subsidiaries, while branch profits
remained relatively stable. Investment incomes are discussed in a special article in this issue of the SURVEY.
Of the $26 million rise in interest received on Government
loans over the third quarter of last year $15 million was paid
by Germany on a $1.2 billion debt established in the recently
concluded settlement for the costs of postwar assistance.
The other $11 million are payments on reconstruction and
other loans which had been postponed until this }7ear.
Tourist expenditures were about 5 percent above the third
quarter of 1952. The gain over the previous year was con
siderably smaller than during the second quarter but this
was probably due to a shift in travel patterns caused by the
coronation in the United Kingdom. For the year as a whole,
a rise of about 8 percent over 1952 is indicated.
Improvement in Europe general
The area distribution of the balance of payments for the
third quarter indicates that the balance on goods and servTable 2.—United States military expenditures abroad 1
[Millions of dollars]
Total
1950
1951
1952
1953
_
I
II
III
.
602
1,248
1 943
564
629
687
Western
Europe
Other
and
depen- countries
dencies
198
387
815
247
284
316
404
861
1 128
317
345
362
1. Includes goods and services purchased by the armed forces for their own use abroad and
for transfer to foreign countries under the military aid programs.
Source: U. S. Department of Commerce, Office of Business Economics.
Imports by Canada
Percentage change,
Jan-June 1952to
Jan-June 1953
Total
imports
Cotton fabrics
Nonfarm machinery and parts
Farm machinery excluding tractors_
Passenger automobiles
Aircraft and parts
Chemicals and allied products
30
14
16
136
17
22
Imports
from U. S.
21
12
15
114
13
20
The improved foreign supply situation for wheat made it
possible for foreign countries to reduce their expenditures
by $24 million below those in the third quarter of last year.
This decline was compensated, however, by larger exports of
coarse grains largely for animal feed, vegetables, fruits, sugar
and dairy and meat products. Exports of tobacco rose above
the corresponding months of last year, but this rise represents
mainly the resumption of the previous purchasing pattern
by the United Kingdom. The value of cotton exports declined from the second quarter in accordance with the usual
seasonal pattern, but was approximately 16 percent higher
than last year. The exports include $30 million financed by
a special Export-Import Bank loan to Japan. Cotton consumption in the principal importing countries rose during
the current year while stocks in some of these countries,
particularly the United Kingdom, have been drawn down.
Travel expenditures rise
Service transactions also contributed to the decline in net
exports from the United States in the third quarter. The
ices, excluding transactions under military grants, changed
in favor of Europe and Canada and against the non-European
countries in the sterling area. The balances with Latin
America and the "all other" group of countries were relatively
little changed.
With net disbursements on Government loans and grants
(other than military) of $155 million, the continental European countries raised their dollar assets through transactions
with the United States as well as with other countries and to
purchase gold in the United States to the extent of about
$450 million. This was in addition to a reduction of their
liabilities to private United States creditors by about $60
million. Almost all European countries raised their gold
and dollar holdings and the following all had large increases:
(in millions of dollars) Germany $150; France $70; Netherlands $70; Italy $50; Belgium $40; Austria $40; Sweden $30
During the second quarter, with net disbursements on
Government loans and credits of $230 million and repayments of private United States credits of $50 million, the
accumulation of gold and dollar assets amounted to about
$320 million. The increase in net dollar receipts by continental Europe from transactions in goods and services with
the United States of $55 million did not quite compensate for
the decline in Government grants and loans by $75 million.
The acceleration in the rise of the gold and dollar holdings
of the continental Western European countries was, therefore, due to changes in transactions with other countries.
This is indicated in the United States balance of payments by
inter-area transfers (and other unaccounted for transactions)
which changed for continental Europe from net payments of
SURVEY OF CURRENT BUSINESS
December 11)53
the transactions of the independent sterling area from net
payments by the United States of $49 million in the second
quarter to net receipts of $35 million in the third. The
repayment of $20 million on long-term debts by Australia
and a decline in direct investments accounts for part of the
change in the balance. The remainder is due mainly to
reduced merchandise imports by the United States. The
reduction in United States imports also affected the sterling
area dependencies. Transactions with the United Kingdom,
however, which had a rising surplus on goods and services
with the United States, and received a higher amount of
Government aid, facilitated the continued rise in sterling area
reserves.
$47 million in the second quarter to net receipts of $95
million.
Although these figures do not measure the absolute magni'tude of such transactions, they may nevertheless be used to
indicate broad movements. These changes in the balance of
payments of continental Western Europe reflect the strengthened competitive position of European economies as indicated in the discussion of recent United States export developments.
Sterling area improvement slower
Gold and dollar reserves of the sterling area also increased
but at a reduced rate. This was largely due to changes in
Table 3.—Balance of Payments of the United States by Area, Second and Third Quarters of 1953
[Millions of dollars]
IP
lllp
IP
4,256
317
112
4,508
333
149
3,682
1,820 1,301
145 141
12
14
173
127
175
135
177
108
409
31
419
31
369
67
5,425
5,750
4,900
2,984
2i4
143
3, 12f
302
236
2,893
294
361
715
171
95
687
167
108
71
464
65
473
66
556
52
169
53 (*)
00 (*)
18
202
18
91
20
92
20
84
23
63
8
4, 037
4, 313
4,281
1,388
1,437
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
Depend- Eastern
Europe
encies
Western
Europe
All areas
Item
.--
Total
Balance on goods and services
Unilateral transfers [net to foreign
countries (— )]:
-122
-120
Private
..
_ _. .
Government:
Military supplies and services ! _ _ -1,282 -1,385
-518
Other grants
-471
-35
—40
Other transfers
_ _ ._
Total
United States capital [net outflow (— )]:
Private:
Direct investments
Other long-term
Short-term
Government:
Long-term - _Short -term
Total
Foreign capital [net outflow (— )]:
Long-term:
Transactions in United States
Government securities .
Other investments
Short-term :
Official and banking
Other
-
324
173
6?9
-139
Canada
IIlp IP III* IP III? IP III? IP Hip IP III*
IP III* IP Hip IP IHi- IP III* IP III*
11
858
73
10
744
70
9
1
72
55
43
4
24
72
25
64
12
11
54
5
55
7
42
2
41
2
57
18
44
52
147
7
146
5
100
4
90
7
1
5
84
65
1
34
4
23
14
20
585
589 260
235
13
494
69
38
420 160
69 60
36 19
157
59
20
4
1
2
2,179 1,662
31
20
2 00 («)
178 151 2
259
6
16
3
1
1
299
255
907
376 -121 -104
—64 -73
-4
11
o
-154
115
56
6 -7 -14
73
64
19 -15 -2
30
-20
-59
25
-183
22
1 00
48 -42
5
19 (*)
-209
67
—144
26
63
18
12
-120
84
26
40
326
-86
430
42
4
18
3
240
3
251
18
4
Q
3
2
I
2
2
794 885 1,076 1,032
—2
—0
783
284
226
— 12 —16
37
128
lS
3 (*) (')
J
00
1
(*) 00
00 00
(')2
17
54
4
2
45
53
44
35
44 (*) 00
5
3
37
4
4
35
2
34
4
34
2
4
31
736
660 355
353
9
4
9
3
10
6
22 22
3 (*)
75 192 231
28 20
1 (')
93
33
3
10 -11 -151 -71 -95 -119
46 133 168
5 18 21
1 4
4
3
3
00 (*)
4 158
1 3
14
45
53
40
(I
\
1
'1 171
5
12
3
132
6
2
1
11
1
8
(«)
3
1 (*)
00
(-)
12 180 146 192 149
5 -87 -71 (')
82
-20 -22 -9 -10 -4 -3 -4 -5 -3 -4
-15 -249 -133
-4 -140 -122 -24 ~-3
— 1 — 26 —23
1 -2 -127 -106
1
22 -27 -97 -69
1 -43
—1
4
106
120
603
128
302
94
254
758
398
738
511
580
-4
—9 -1
-29
162
119
-22 -14
144
142
8 -236
26
23
12 -3 -131 -97 -11
-5 (') .....
9
3 -49
32
( 3 ) ( 3 ) ( 3 ) (3) ( 3 ) ( 3 )
(3)
-83 -129 -64 -82 -5 -1
-1 -1 (') (*)
-4 -1
>y
4
0
5 -20
2
3
34 48
8 -1
19
-20 -36
20
21
16 —7
11
21
16
— 10 — 11
6
1
( 3 ) ( 3 ) (3)
-15 -47
(*) _2 00
8 -28
47
10
15
10
47 -55
222
-1
-12 -28 -19 -7
—7
-1 (*)
1
10
-4
\
A
5 (')
-3 (*)
10
15
8
39
41
46
63
40
209
130 192
89 -53 -26
41
122 -70
121
40
00
(*) -11 -11
2
1
-12 -29 -27
4
(*)
-4
120
28 -8
2
-8
1
1
-4
2
20 -6
5 -1 108 103
27 -29
134 (*)
81
(*)
20
1
00
179 -20 155 -11
-8 00
-17
2
8
27
3
1
2
18 -35
20
3
5 -58
1 32
Revised.
* Preliminary.
* Less than $500,000.
1. Includes loans and returns oS military equipment.
2. Exports of goods and services have been adjusted to exclude exports of military-end-use
iten:s financed through grants under the military aid programs and to include in merchandise
for the total sterling area—but not for the United Kingdom and other component areas—
"Speci.il category" exports sold for cash. For the definition of "Special category," goods see
Foreign Trade Statitfics Notes for February 1953, published by the Bureau of the Census.
10
388 137
63 37
11
4
1 27
—86 — 71 —55 -35 -35 — 16
9
109 35
16
9
5
9
-2 11
69
63
-4 -1
(*)
1
363
59
10
-4 -4 -29 —36 -452 -318 -24 -3 -107 -153 -74 -93 -9 -4 -4 -5 -20 -51
10 -37
5
39 ~ 0 0 "
330
—6
857
31
17
—1
—2
(*}
4
482
38
5
4
22
—2
00
1 1
00
1
19 -15 -24
404
-1
564
39
7
0
05
1
-184
194
90
151
9
-5 -3 -5
-194
-35
10
875
60
71
6
39
-9 -1 349 102
-822 -1,127 -675
— 335 —346 -208 ""(*)"
"(*)" (*)
—32
— 11 —6
-1,908 -2,064 -1,332 -1,547 -961
926
63
57
24
5
-3
—4
651 630
24 24
61 164
6
23
00
1
1
1,272 1,286
64
(*)
8 1,142 987 1,093 1,063 1,141 1,009
217 10
8
6
13 (*) 00
60
10
82
00
Balance on foreign capital and gold
III?
United Other Depend- All other
counKing- Western encies
dom
tries
Europe
Total
746
78
41
Gold sales, [purchases ( — )]
r
ii-
Sterling area 2
117 1 4 924 766 773
9
80
26 26
1 (*) 00
89 108
37
4
4 1 1 21 22 42
71
1 1
39 (•) (•)
8
131
9
2
-2 -13 -1 9 -180
48
-4
3 (*) -1 -61 6
1
9
1
Transfers of funds between foreign areas
[receipts from other areas (— )] and
errors and omissions
InternaLatin
tional
American All other institucountries
Republics
tions
00 00
3. Military aid to the sterling-area countries is not shown separately.
NOTE.—Net foreign investment equals balance on goods, services, and unilateral transfers
for "all areas": 1-520; 11-627; III-713.
Source: U. S. Department of Commerce, Office of Business Economics.
by Samuel Pizer and Frederick Cutler
Income on United States Foreign
Investments
E
ARNINGS on United States private and Government
foreign investments and credits, including earnings retained
abroad, reached $2.7 billion in 1952, an increase of about
$70 million over the previous year. This increase was much
less than in other postwar years, excepting 1949, and compares with an increase of over a half billion dollars in 1951.
This article brings up to date the summary facts on
income from direct private investments abroad. Foreign
Investments of the United States gave detailed results
of the 1950 census of foreign investments, presenting
complete data on value, location, industry distribution,
and other essential characteristics of direct investments.
The data on income flows from foreign investment in
this article supersede previously published estimates for
1951 and 1952. Statistics in extension of the 1950 census
on capital movements and the value of direct investments
for these years are scheduled to appear in our January
1954 issue.
Income on private portfolio investments and interest received on United States Government credits, which account
for a relatively small part of foreign earnings, rose by very
small amounts in 1952.
Earnings of direct investments abroad, which account for
about 85 percent of total earnings on foreign investments,
amounted to $2.3 billion. The petroleum industry, which
currently has about 30 percent of the total value of direct
investments abroad and over 40 percent of the earnings,
showed substantially higher 1952 earnings. Agricultural,
manufacturing, and mining and smelting enterprises had
lower earnings than in 1951. Developments which affected
the latter industries included price declines of some basic
commodities, higher taxes and other costs, a moderate setback in industrial production in some countries, and large
exploratory expenses charged to income. But an important
factor is that much of the recent investment has been in enterprises which have not yet reached the production and
earnings stage.
Partial data available for the first 9 months of 1953 indicate little change in direct investment earnings from the
1952 amount. Prices of many mineral and agricultural
commodities produced abroad by the United States-controlled
enterprises were again lower in 1953, but there was no major
change in petroleum production or prices. Industrial
activity in many foreign countries turned up late in 1952
and continued to rise in 1953, so that manufacturing earnings are expected to be up.
An important development in 1952 was an increase to
$875 million in the amount retained abroad by foreignincorporated subsidiary companies. As a result there was
a decline in the income from these enterprises as shown in
the balance of payments. Such income consists of dividends,
interest and branch profits, after payment of all foreign
N O T E — M R PIZER AND MR. CUTLER ARE MEMBERS OF THE STAFF
OF THE BALANCE OF PAYMENTS DIVISION, OFFICE OF BUSINESS
ECONOMICS.
8
taxes. Data so far available for 1953 indicate a similar
distribution, with earnings, retained earnings and dividends
each remaining close to the 1952 amount.
Data are not currently available on the amount of foreign
income taxes paid by the direct investment enterprises
abroad. The recent census of direct foreign investments
showed that in 1950 the companies, in the aggregate, paid
foreign taxes of about 30 percent on their foreign earnings.
The percentage was undoubtedly considerably higher in
1951 and 1952 as many foreign countries increased their
income tax rates. The earnings data reported in this
article are measured after payment of such foreign taxes.
Petroleum earnings up—other industries decline
Foreign earnings on petroleum investments reached a total
of $1 billion in 1952—13 percent larger than in 1951. The
continued high earnings of the petroleum industry are based
primarily on its ability to raise output from the properties
which were developed after the war. With an output of
about 1 billion barrels in 1952, the production of American
companies abroad was equal to about 55 percent of world
production outside the United States and Russia. World
oil output outside the United States, Iran, and Russia,
increased by 555 million barrels per year from 1950 to 1952.
Over half of this increase was contributed by the American
Postwar Foreign Earnings of Direct
Investment Companies
Earnings rose in 1952, but a record
amount was retained abroad
MILLIONS OF DOLLARS
2500
2000
U. S. SHARE IN
EARNINGS
1500
?•: UNDISTRIBUTED
•:•::: SUBSIDIARY
V^
:
:;:;:;: EARNINGS •:•;
1000
500
1946
1947
1948
1949
1950
1951
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
1952
53-l23~2
companies operating abroad. About one-third of the oil
produced by the United States companies abroad entered
the United States market in the 1949-52 period.
SURVEY OF CURRENT BUSINESS
December 1953
Whereas earnings of other industries were reduced by
higher foreign taxes in 1951 and 1952, the oil producers had
already experienced the bulk of such tax increases in 1949
and 1950. Moreover the prices of oil products were quite
stable in 1952 while prices of other raw materials declined.
Another factor bolstering the earnings of petroleum companies was the growth of their tanker operations, which by
1952 were accounting for about 10 percent of their foreign
earnings.
Despite their larger earnings the petroleum companies remitted smaller amounts to the United States than in 1951.
Out of their branch profits of about $550 million, about 40
percent in the aggregate was retained abroad in 1952, as
against a negligible amount in the previous year. Out of subsidiary earnings of $465 million, only about $130 million was
paid out as dividends in 1952, although some of the remainder
was remitted as intercompany advances.
9
tries where United States manufacturing investments are
substantial were similarly affected. The decline in production was particularly noticeable in the United Kingdom,
which accounts for more than half of the manufacturing
earnings in this area, with the great majority of companies
reporting substantially lower earnings. Some of the decline
in the United Kingdom is probably attributable to an excess
profits tax which went into effect in 1952 and extended
through 1953, although profits declined also before taxes.
Direct Foreign Investments
U. S. Share in Earnings, by Industry
200
MILLIONS OF DOLLARS
800
600
400
1000
INDUSTRY
1952
Table 1.—United States Income Receipts From and Earnings on
Foreign Investments, by Type, 1950-52
PETROLEUM
[Millions of dollars]
Item
1
2
3
4
5
(5
8
9
10
11
12
13
Typo
1950
1951
1 294
614
8
48
624
1 492
608
8
42
834
1 419
504
9
44
863
475
53
56
752
42
50
876
37
53
U.S. equity in earnings of direct-investment companies- . 1,766
Direct foreign investments:
Income receipts, after all foreign taxes
Common dividends
Preferred dividends
Interest
_ _ _
Branch profits
__. _ _
Plus: U. S. equity in undistributed subsidiary profits,Foreign withholding taxes on dividends
Less: Preferred dividends and interest
1952
2,236
2,280
Private portfolio income receipts _ _
United States Government income receipts- - - - - - - - -
181
109
185
192
196
204
Total balance of payments income receipts from foreign
investments (item 1+10+11)
Total earnings on foreign investments (item 9+10+11).
1 584
2,056
1 869
2, 613
MANUFACTURING
1 819
2, 680
MINING AND
SMELTING
Source: U. S. Department of Commerce, Office of Businss Economic;.
About one-third of the 1952 increase in petroleum earnings
was derived from increased output in the Middle East,
another third resulted from the recent expansion in refining
and other facilities to serve the needs of Western Europe, and
the remainder was mainly based on continued high levels of
activity in the Western Hemisphere. Charges against income on account of exploration expenses were quite large for
Canada, virtually offsetting the income from operations.
Petroleum earnings in the first half of 1953 were approximately at the 1952 rate. Moderately higher prices in the
second half of the year and a continued large output to meet
market demands are expected to raise the annual total
slightly above the previous year.
TRADE
AGRICULTURE
EARNINGS
PUBLIC
UTILITIES
UNDISTRIBUTED
SUBSIDIARY
EARNINGS
DIVIDENDS
AND BRANCH
PROFITS
Manufacturing industries
Earnings from manufacturing in 1952 were $640 million,
$50 million below the 1951 total. Lower earnings were reported in all areas where manufacturing investments were
important.
In Canada, the course of business was similar to that in
the United States, with manufacturing companies showing
smaller profits before taxes. However, nearly all the reduction in direct-investment manufacturing earnings resulted
from lower earnings of companies in the paper and pulp
industry, with other lines of manufacturing apparently
virtually unchanged from 1951.
Lower manufacturing earnings in Europe coincided with a
moderate downturn in industrial production in the second
and third quarters of 1952, although in most countries
industrial activity was on the increase from the latter part
of 1952 and continued up in 1953. All the European coun2
Digitized 281300° — 5 ,'->
for FRASER
OTHER
INDUSTRIES
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
On the whole the falling off in manufacturing earnings was
quite moderate, about 7 percent, but it represented the first
interruption of regular annual postwar gains. However, the
general improvement in the economic situation of foreign
countries in 1953, plus the continued additions to manufacturing plant and equipment, should result in some
improvement in earnings this year.
Earnings of mining and smelting companies were also
moderately lower in 1952. For this industry the course of
10
SURVEY OF CURRENT BUSINESS
prices of various minerals is an important influence in
earnings. These rose sharply from 1950 to a peak in 1951,
as prices of nonferrous metals rose, and declined with the
downturn of prices for many of these metals in 1952. The
downward movement of earnings, reinforced by the interruption of Chilean copper production and sales, apparently
continued in 1953. The only exceptions to this downturn
were in some areas, such as Africa, where recent investments
have brought about considerable increases in the production
of some metals. A large part of the more recent mining
investments, particularly in the development of iron ore,
is in facilities which are not yet completed, so that earnings
of mining enterprises should reflect this added investment in
the future.
Among other industries, the greatest decline in earnings—
20 percent—took place in agriculture. Most of the investments in this industry are in the production of sugar and
bananas in the Caribbean area, and to a lesser extent in the
production of rubber, fibres, fats and oils, cork, etc. Prices
of most of these commodities fell very sharply in 1952 and
continued to decline in 1953, and there was also costly
damage from storms and other natural causes. The recent
seizure of agricultural properties in Guatemala will tend to
reduce future earnings of the industry.
Income receipts from many countries lower
were important, and for the Caribbean countries such as
Cuba and the Dominican Republic where declining earnings
of agriculture were primarily responsible. Petroleum earnings in Venezuela increased sufficiently to offset most of the
reductions elsewhere. Income receipts from most countries
in Latin America were reduced in 1952 from peaks established
in 1951. In most cases lower income receipts resulted from
lower earnings, but in some countries, such as Brazil and
Venezuela, earnings were up while dividend distributions
were reduced.
Direct Foreign Investments
U. S. Share in Earnings, by area
MILLIONS OF DOLLARS
2500
2000 -
1500
The revised data for earnings and income receipts from
individual countries for the 1950-52 period are given in
table 4. Income receipts from a large number of countries
were reduced in 1952 because of reduced earnings for some
industries, as w^ell as the higher proportion of subsidiary
earnings retained abroad. Only in the European dependencies in the Middle East, where oil production was greatly
expanded, did both earnings and income receipts increase
significantly.
Earnings of direct-investment enterprises in Latin America
\vere unchanged from 1951, and with about 40 percent of the
total continued to exceed earnings in any other area. However, there was a drop of $50 million in direct-investment
income receipts from Latin America resulting from reduced
dividends. Earnings were somewhat lower in Chile and
Peru, where the effects of falling metal prices and rising costs
Decpinber 11)53
-
1000
-
500
-
ALL
AREAS
CANADA
LATIN
AMERICAN
REPUBLICS
OTHER
AREAS
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-123-4
1,615
1 419
196
204
348
222
126
(i)
619
599
20
18
159
129
30
167
127
127
353
343
10
19
10
1,819
348
637
326
127
372
1')
1,677
1,492
185
192
362
236
126
(i)
669
652
17
16
145
119
26
158
109
109
386
376
10
18
6
1,869
362
685
303
109
404
(>
Earnings in Canada of direct-investment companies were
about the same in 1952 as in the previous year, but were
under the 1950 amount, principally because of higher tax
rates. However, income receipts were down moderately
from 1952 as manufacturing companies paid lower dividends
and branches of petroleum companies continued to show
substantial losses because of the expanded exploratory
activity and the resultant expenses charged to income.
There was very little change in either earnings or income
receipts from Western European countries. A decline in
manufacturing earnings in this area was offset by a continued
rise in the earnings of expanding investments in petroleum
refineries and distribution facilities.
In the rest of the world earnings were increased by a small
amount because of higher petroleum earnings but there was a
marked reduction in income receipts as dividend payments
fell off.
1,475
1 294
181
109
411
294
117
(i)
540
522
18
14
141
111
30
78
98
98
279
269
10
17
6
Growing importance of retained earnings
1,584
411
554
219
98
296
6
Table 2.—United States Income Receipts on International
Investments, by Area and Type, 1950-52
[Millions of dollars]
Year and type
1952
Private ._
Direct
Portfolio
United States Government
Total
1951
private
Direct
Portfolio
United States Government
Total
1950
Private
Direct
Portfolio
United States Government
Total
Total Canada
Latin
Western
InterAmeri- Western Euro- Other napean coun- tional
can
Europe depend- tries instiReencies
publics
tutions
1. Less than $500,000.
Source: U. S. Department of Commerce, Office of Business Economics.
10
6
6
In each year since the war the foreign-incorporated subsidiaries of American companies have increased the amount
which they have retained abroad out of their foreign earnings.
On the average about 50 percent of their earnings were retained abroad, but in 1952 this proportion rose to 62 percent.
SURVEY OF CURRENT BUSINESS
December 1953
On the basis of the census of direct private foreign investment, the foreign subsidiaries had on their books at the end
of 1950 a little over $3 billion of undistributed profits. In
the following 2 years, as shown in table 5, undistributed
profits of over $1.6 billion were added to this total, illustrating the cumulative growth of this source of funds.
In general, these additional sums could be utilized in three
principal ways: (1) the expansion of plant and equipment or
necessary working balances; which has been by far the most
important, (2) as intercompany loans or advances to parent
companies, or (3) as more or less idle or unproductive funds
in countries where neither local permanent investment or
remittance to the United States was feasible. The data
currently collected on direct investments abroad do not
provide a good basis for determining the relative amounts
utilized for these purposes, but some generalizations are possible.
For Canada and the United Kingdom, which together accounted for about $300 million out of $875 million of undistributed profits in 1952, retained earnings were probably
largely for the expansion of existing investments. There
are no restrictions on income remittances from these countries, and there is no indication of large intercompany advances. Another $200 million of undistributed profits was
in various dependencies or countries in Asia and Africa. A
check of the companies active in these countries, particularly
petroleum companies, indicates that in the main the retained
earnings were utilized for permanent investment. In many
noteworthy cases the companies were not only retaining
profits abroad but were adding substantial funds for new
investment.
11
The situation in the Latin American countries with respect
to undistributed subsidiary profits is less clear. In Mexico
and Panama, accounting for about $90 million of the total,
the data indicate that a large part of the undistributed profits
was remitted back to the parent companies through the intercompany accounts. On the other hand a large part of the
undistributed profits in Venezuela probably went into the
continuing growth of the petroleum industry. In Brazil
there were large undistributed profits, and for most companies additional funds were &lso provided by the United
States parent companies. However, both types of investment were made involuntarily, at least in part, because of
the severe restrictions on dollar remittances for income or
other payments.
On the whole, the available data indicate that the greater
part of undistributed profits in 1952 was retained abroad
to facilitate the long-term development of the foreign
enterprises.
A similar segregation of earnings as between distributed
earnings and retained earnings is not made on the books of
branch enterprises. Nevertheless, an approximation of this
segregation which is sufficiently accurate for purposes of
comparison can be obtained by assuming that branch profits
were retained abroad to the extent they did not exceed the
net additions to branch assets in a given year. (See table 6.)
According to this criterion, applied country by country
and industry by industry, about 40 percent of all branch
profits were retained abroad in 1952, much more than in
the preceding two years. Most important in this connection
was a sharp upturn in the investment activity of branches
of mining and petroleum companies. Although the branch
Table 3.—U. S. Equity in Direct Investment Earnings and Income Receipts by Type, Area and Industry, 1950-52
[Millions of dollars]
Latin American
Republics
Canada
Total
Western Europe
Western European
dependencies
Other countries
Industry
1950
1951
1952
1950
1951
1952
1950
1951
1952
1950
1951
1952
1950
1951
1952
1950
1951
All industries:
Earnings
Income receipts
Branch profits
Dividends and interest
1,706
1,294
624
670
2,236
1,492
831
658
2,280
1,419
863
556
445
294
12
282
420
236
-2
238
419
222
3
226
616
522
360
162
888
652
473
179
888
599
472
127
265
111
22
302
119
30
90
305
129
26
103
100
98
51
46
120
109
68
41
154
127
98
28
340
269
179
91
506
377
265
111
513
343
27!)
73
Agriculture:
Earnings
Income receipts
Branch profits
Dividends and interest
115
91
56
36
140
110
66
44
113
86
58
28
1
84
73
57
16
(0
(0
(')
0)
4
4
(!)
4
20
11
(0
0)
107
92
65
27
(0
(0
0)
89
76
55
21
(0
(>)
0)
0)
3
29
15
1
14
0)
11
148
112
58
54
220
159
87
73
209
159
83
77
52
31
(0
31
C1)
69
64
51
14
104
87
76
11
96
81
70
11
15
12
8
5
30
25
10
15
31
27
13
15
10
3
0)
3
14
12
23
14
34
54
36
0)
36
627
555
384
171
896
696
512
184
1, 013
677
548
129
17
-3
-16
13
3
-17
-31
14
12
-20
-40
20
274
262
201
61
409
327
250
77
438
303
259
44
42
9
3
6
49
15
3
12
79
33
1
32
74
75
39
36
76
73
52
21
112
93
82
11
637
357
40
317
696
331
68
263
643
287
61
225
301
211
6
204
268
164
106
55
21
34
170
72
46
26
156
64
43
21
172
69
6
63
194
71
10
61
169
56
7
49
2
1
159
257
139
4
135
41
44
8
36
43
45
5
40
43
49
9
40
9
9
9
11
9
11
ii
32
35
9
26
0)
U
27
31
5
26
0)
0)
11
26
33
8
25
117
72
35
37
143
79
42
36
146
79
43
36
29
17
5
12
28
13
3
10
34
14
5
9
29
17
12
5
49
26
17
8
55
25
18
7
35
21
6
16
34
20
6
14
33
24
7
16
81
63
43
19
98
71
53
17
109
83
61
22
37
29
17
12
43
31
20
11
53
41
27
15
22
15
12
3
23
16
13
3
26
18
16
2
13
10
7
3
20
12
10
2
20
14
10
4
Mining and smelting:
Earnings
Income receipts
Branch profits _ _ Dividends and interest
-
Petroleum:
Earnings. Income receipts
Branch profits
Dividends and interest
Manufacturing:
Earnings
Income receipts
. .. ..
Branch profits
Dividends and interest
Public utilities:
Earnings
Income receipts _ . ..
Branch profits
Dividends and interest
_
.
_._ __
Trade:
Earnings
Income receipts ...
Branch profits
Dividends and interest
Miscellaneous:
Earnings
Income receipts
_
Branch profits
_
Dividends and interest
. _. .
1
1
1
1
68
34
1. Less than $500,000.
Note.—Negative entries for Canada largely reflect exploratory expenses charged against branch profits.
Source: U. B. Department of Commerce, Office of Business Economics.
(,')
89
(')
0)
3
1
C1)
C1)
(0
0)
(0
4
1
0)
(0
5
1
C1)
0)
0)
0)
0)
0)
0)
"(T)" "(T)" 0)
0)
0)
0)
"(I)"
4
3
3
14
220
212
156
56
360
298
238
60
371
268
245
22
57
22
7
15
63
23
6
17
59
26
6
20
6
C)
1
C)
0)
"(Y)"
6
4
~~~~4~
7
3
0)
1
(1)
4
3
3
2
2
2
2
~ 1
0)
24
11
12
6
4
4
1
0)
0)
1
0)
11
0)
2
1
1
1
1
3
1
3
3
1952
20
14
10
4
1
2
(0
3
:
26
16
12
4
21
14
12
3
6
5
1
10
9
8
1
8
7
7
1
SURVEY OF CURRENT BUSINESS
12
profits of these industries were only about $30 million greater
in 1952 than in the previous year, they increased their rate
of branch investments from $60 million in 1951 to over
$350 million in 1952, so that a greater proportion of earnings
was clearly used abroad.
Foreign earnings and domestic industry
The extension of American enterprises into foreign countries, which began about 50 years ago and has proceeded on
an unprecedented scale since 1945, is largely an outgrowth
of the search for wider and more diversified markets for the
products which American manufacturers can mass produce
efficiently, and the need for raw materials necessary to higher
production levels in the United States and other countries.
These enterprises, valued at nearly $15 billion at the end of
1952, are increasingly important adjuncts to the domestic
business of the United States parent companies and to the
United States economy as a whole. An important aspect
of the considerable reliance on the activities of the foreign
enterprises is the role of direct investments abroad in supplying various materials essential for our domestic economy.
December 1953
In an earlier article l the proportion of United States
imports which was derived from American-owned productive
facilities abroad was estimated to be about 25 percent in
1950. A more detailed study covering 19 major import
commodities in 1952 has now been completed and the
principal results are shown in tables 7 and 8.
Many sources were used in deriving the data for imports
of the selected commodities. In some cases it was known
that the sole producer of a given commodity in a given
country was a United States-controlled enterprise. Where
production was from several sources, or facilities were jointly
owned, there were data sometimes available regarding
shipments to the United States by the United States enterprise. In still other cases where there wrere several producers
of a given basic commodity within a country, it was necessary
to assume that United States imports could be attributed to
United States producers in proportion to their share in the
output of the commodity in the country. Alternatively, it
could have been assumed that United States imports were
derived first from the output of the United States-controlled
companies. On this basis the share of imports attributable
1. SURVEY OF CURRENT BUSINESS, October 1951.
Table 4.—U. S. Equity in Direct-investment Earnings and
Million? of dollars]
Manufacturing
Total
1950
Areas and countries
Earnings
1952
1951
Income
receipts
Earnings
Income
receipts
Earnings
1,492
1950
Income
receipts
Earnings
1951
Income
receipts
Earnings
?™
1,766
1,294
2,236
2, ?80
1,419
637
696
331
Canada . __
445
291
420
236
419
2^2
301
211
268
164
Latin American Republics
Argentina
Prn7il
Chile
Colombia
Costa Rica
_
616
17
9(37
lf>
13
522
6
61
41
10
13
888
28
143
56
15
12
652
11
7b
54
12
11
888
29
148
53
19
14
599
106
14
47
55
4
22
170
19
89
72
56
17
2
11
16
43
14
2
10
15
60
31
2
7
17
49
25
50
21
4
4
16
44
14
4
3
15
43
25
21
6
232
8
29
18
15
4
236
5
63
103
37
11
297
7
31
37
33
6
278
4
59
98
32
329
5
32
43
25
4
256
3
265
15
2
31
27
8
111
6
2
6
3
2
302
17
3
41
21
13
119
6
1
10
4
5
305
17
3
37
19
10
129
6
2
10
4
7
15
3
5
141
12
5
3
2
4
73
6
14
3
8
6
163
12
5
2
3
4
74
4
13
4
7
5
174
17
5
2
4
4
78
6
100
13
14
74
98
10
11
76
120
15
29
76
109
12
21
75
154
12
27
115
127
12
15
99
340
269
507
376
513
343
57
22
63
4
15
28
2
12
13
5
35
33
2
13
23
8
46
35
5
12
23
2
1
3
1
12
4
13
8
14
36
2
39
171
12
27
2
28
161
15
38
8
36
296
10
34
3
26
250
16
28
3
36
303
10
4
3
27
248
6
6
4
1
28
3
11
2
36
4
11
3
34
4
8
2
Al I areas, total.. _
-
_.
_-
_
..
._
Cuba
Dominican Republic
Ecuador
Guatemala
Honduras
-
Mexico
Panama
_
Peru
Uruguay
Venezuela
Other countries
_
_.. . _
-
Western Europe
Belgium
Denmark
France
_.
Germany
Italy
Netherlands
Portugal
Sweden
_
Switzerland
United Kingdom
Other countries
_
__
- - - -
_
_ _
_
.
___
_ _
._
_ _
-
_ -
- --
_
.
.
__..__.._
Western European dependencies
Western Hemisphere
Africa
Asia a n d Oceania
Other countries
Africa:
Egypt
Liberia
Union of'South Africa
Asia:
India
_
Indonesia
_
Japan
Philippine Republic
Other Asia
_
.__
Other areas:
Australia
_
New Zealand
1. Included in totals.
-
--
_ _ _
_ _
_
.._
-
._
-
..
2. Less than $500,000.
16
Source: U. S. Department of Commerce, Office of Business Economics.
65
51
13
14
0)
(2)
4
0)
(2)
7
0)
(')
0)
(')
2 17
(0))
5
(2)
0)
172
10
1
18
5
2
8
3
4
1
22
2
6
(2)
8
0)
29
4
6
1
5
5
118
4
2
(2)
0)
(2)
8
3
5
71
4
1
6
3
2
(2)
(2)
1
2
3
49
1
(2)
23
3
1
A
0)
(0
2
0)
0)
(2)
()
6
1
4
0)
2
1
3
(2)
2
3
53
1
0)
0)
2
(0
194
12
1
28
12
7
(')
()
2
(2)
C1)
1
(2)
(2)
8
()
4
(')
(2)
1
(2)
(2)
0)
0)
0)
69
3
1
4
1
1
21
4
5
103
4
0)
(2)
0)
0)
(0
0)
5
1
(!>
2
p;
39
28
2
4
1
SUEVEY OF CURRENT BUSINESS
December 1953
13
abroad—holdings of foreign securities, claims or miscellaneous assets not connected with foreign affiliated companies—
was at a postwar high of nearly $200 million in 1952. Income
from this source was small relative to the income from
direct investments, in contrast with its primary importance
in the 1920's. Nevertheless it has increased slowly since
the war as Americans added to their investments in Canadian
bonds and stocks and began to purchase substantial quantities of the obligations of the International Bank for Reconstruction and Development. However, income from Canadian securities will probably decline in 1953 as a result of a
liquidation of some internal issues acquired mainly in 1950.
A new development affecting the income from portfolio
securities, as well as their future market in the United States,
was the signing of agreements with Germany and Japan
which will result in the resumption of interest payments on
their debts to American bondholders. In the case of Germany, the interest payments will depend partly upon the
extent to which the outstanding bonds are still held in the
United States and presented for validation. At a minimum
these payments were estimated to be about $5 million annually. A further $5 million of interest will also be paid by
Japan under the new agreement.
to United States-controlled companies would have been
somewhat higher.
No attempt was made to make estimates for nonspecified
commodities, particularly manufactures, which are imported
from United States-owned foreign enterprises. The estimate for imports derived from American-owned facilities
abroad is therefore probably an understatement of the total.
Imports of selected commodities from United Statescontrolled sources in 1952 may be estimated at about $2.2
billion or 21 percent of total imports, nearly the same ratio
as in 1950, although total imports were $1.8 billion higher in
1952.
Among the commodities listed in table 7 are many which
are of crucial importance in the United States economy.
Some of them, such as petroleum, copper, nickel, and aluminum, are derived almost entirely from foreign enterprises
in which Americans are the principal investors. For others,
such as crude rubber and iron ore, a smaller share comes
from United States-controlled sources. In the case of iron
ore, however, the supply from United States-developed
sources abroad will soon be greatly expanded, and this will
also be true of such commodities as manganese and titanium.
Income received on United States portfolio investments
Income Receipts by Countries and Major Industries, 1950-52
[Millions of dollars]
Petroleum
Manfacturing— Con.
Income
receipts
Earnings
1951
1950
1952
Income
receipts
Earnings
Other industries
1952
Income
receipts
Earnings
1950
Income
receipts
Earnings
income
receipts
Earnings
1952
1951
Income
receipts
Earnings
Income
receipts
Earnings
643
0)
(2)
0)
0)
287
627
555
896
696
1,013
677
502
382
643
465
624
257
139
17
-3
3
-17
12
-20
128
86
149
89
150
10
156
18
88
64
4
32
274
262
409
4
26
327
3
23
438
4
24
303
2
18
235
3
22
34
8
13
206
2
15
38
8
13
309
5
28
51
9
12
252
4
14
51
7
11
293
7
36
48
10
14
23
47
15
2
11
15
36
14
2
10
15
53
29
2
7
16
44
25
2
7
16
42
20
4
3
15
3
1
25
14
11
2
8
6
20
13
10
1
6
4
33
17
26
6
9
5
21
14
23
2
7
3
35
17
18
6
14
3
2
1
1
33
2
58
2
4
5
0)
0)
23
8
i
0)
(2)
0)
0)
0)
0)
2
()
0)
3
5
0)
(2)
0)
0)
7
2
5
1
169
13
1
25
12
6
56
3
1
6
4
2
1
(»)
4
2
2
4
33
1
1
C8)
2
()
(2)
0)
2
25
(2)
()
0)
0)
(2)
0)
C2)
2
6
2
2
0)
0)
09
(2)
(2)
2
5
1
()
0)
2
2
7
2
1
(2)
(2)
(2)
2
13
2
l
74
8
10
56
75
8
8
59
59
26
220
2
2
12
9
1
3
6
10
3
4
1
2
(2)
2
1
09
0)
0)
0)
2
0)
(2)
0)
()
24
2
8
4
1
0)
(0
12
3
1
266
0)
(2)
15
1
(2)
(2)
2
1
2
(2)
(2)
0)
(0
81
308
1
8
2
2
<»)
1
0)
(0
79
2
1
8
6
2
3
2
(2)
1
(2)
0)
2
0)
0)
22
(1)
5
(2)
0)
(2)
(2)
30
239
33
1
(2)
(2)
3
(2)
2
33
2
(2)
1
1
1
3
2
3
6
1
1
1
(2)
(2)
(2)
51
3
(»)
59
2
(»)
3
2
2!
27
5
35
4
12
18
73
8
9
56
112
8
10
95
8
3
82
25
5
4
16
21
2
3
16
42
5
18
19
360
298
371
268
63
35
84
1
13
6
1
2
4
6
28
2
3
1
1
1
12
9
1
10
2
1
22
14
0)
159
8
0)
0)
0)
0)
293
0)
(0
0)
0)
0)
0)
0)
0)
0)
0)
0)
248
0)
8
93
300
0)
0)
0)
0)
0)
2
()
246
8
1
1
1
3
2
()
(2)
40
5
17
19
76
10
10
55
22
2
4
2
2
]
4
4
2
2
1
32
7
44
6
6
<*)
3
1
1
1
19
3
1
2
7
8
1
1
1
5
1
2
1
33
7
212
8
0)
(2)
3
1
1
1
20
3
1
1
C)
167
0)
0)
1
85
1
0)
(2)
1
0)
49
2
2
10
7
4
1
(2)
2
8
0)
282
1
226
0)
1
0)
0)
2
9
1
42
2
8
5
2
0)
(a)
0)
0)
(2) 11
2
(0)) 219
1
4
4
98
4
28
0)
0)
7
1
(8)
(2)
45
0)
0)
CO
0)
2
2C
4
()
8
14
3
8
2
25
3
55
(2)
C1)
0)
8
11
12
2
16
2
2
3
1
1
83
(2)
0)
(0
18
21
1
4
(')
0)
0)
1
23
2
0)
0)
1
\
8
SURVEY OF CURRENT BUSINESS
14
Interest on Government credits
Interest payments by foreign countries on credits from the
United States Government were about $200 million in 1952,
and were scheduled to reach a peak of about $230 million in
1954.2 Of course, any large new credits by the United States
Table 5.—United States Equity in Undistributed Profits of Foreign
Subsidiaries, 1950-52, by Industry and Specified Countries
[Millions of dollars]
1950
1951
1952
475
752
876
24
33
74
266
16
44
18
29
56
204
359
14
63
27
146
109
12
36
(i)
6
16
3
181
249
18
67
3
3
15
6
199
303
18
85
3
7
9
7
15
12
6
2
—4
5
33
70
3
5
19
7
29
58
6
3
73
4
151
7
23
24
7
9
o
181
9
30
17
9
9
3
4
90
10
174
10
25
14
3
8
3
3
98
10
9
Government would increase these interest receipts in the
future. About 80 percent of the interest is paid by countries
in Western Europe, largely the United Kingdom and France.
Payments of interest on these Government credits by Western European countries were about $40 million higher than
the income received from direct investments in these countries in 1952. Income payments by Western Europe to the
United States on both private and Government investments
are currently about equal to the income received by Europe
on its accumulated investments in the United States.
Table 7.—Selected United States Imports, 1952, Total and Estimated Portion Attributable to United States Direct-Investment
Companies, by Specified Areas
28
45
338
357
15
66
27
Total
December 19i>3
Industries
Agriculture
Mining and smelting
Petroleum
Manufacturing
Public utilities
Trade
Other
Canada
Latin American Republics
Argentina
Brazil
Chile
Colombia
_ Cuba
Dominican Republic
_
_ _
.
__. .
_
_ _
Countries
-
-
- -
_ _ - _ - _ ---
-
- - -
M^exico
Panama
Peru
Uruguay
Venezuela
Other
- - -
"Western Europe
Belgium
France
O/errnany
Italy
N ethcrlands
Spain
Sweden
United Kingdom
Other
--
-
--
-
-
-
_- -
- -
r}
C9
- -
-
\Vestern European dependencies
\VesternIIemisphere
Africa
Asia
Other countries
Australia
Egypt
India
Indonesia
Liberia
Philippine Republic
Union of South Africa
Other
-
-3
2
3
-8
8
-1
71
16
2
1
9
3
11
12
17
-
27
-2
12
16
132
25
3
4
4
22
9
10
55
172
25
2
5
25
36
6
12
60
- -- -
-- --
i Less than $500,000.
Note.—Negative amounts reflect the payment of dividends in excess of earnings for the year.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 6.—Branch Profits and Capital Movements, 1950-52, by
Industry
[Millions of dollars]
Total
Percent
from
directinvestment
companies
Selected commodities
Total
imports
Latin American Republics
Canada
Total
imports
Percent
from
directinvestment
companies
40
70
Crude rubber. ...
Newsprint
Crude oil . . . . Sugar
Copper
619
571
434
415
397
15
35
95
45
85
552
3
52
75
Paner base stocks
Refined oil products...
Sav.'mill products
Le-id
Bananas - .
325
257
222
202
158
75
70
10
55
75
278
5
194
38
90
75
10
15
Vegetable oils and oil
seeds
Fertilizers
Nickel
Zinc
Iron ore
137
114
113
112
83
10
40
90
25
50
45
98
50
14
Aluminum, including
bauxite
Silver.. _ _ _ _ _ _ _ _
Asbestos
--. - Chrome
78
67
62
38
90
50
30
40
4,404
51
Total
imports
Total
-.. - .
2
Percent
from
directinvestment
companies
0)
Other
Total
imports
Percent
from
directinvestment
companies
15
617
19
102
91
57
95
20
35
47
188
12
63
65
20
20
329
324
288
90
50
95
64
16
101
158
70
20
90
75
35
90
15
90
59
30
8
47
39
5
90
100
40
60
78
39
7
15
30
43
17
54
100
30
35
36
70
2
50
35
14
8
36
40
1,443
50
1,503
73
1,458
29
15
0)
50
10
10
75
30
1
Less than 5 percent.
NOTE.—The percentages of imports of specified commodities attributable to United States
direct-investment companies are estimates based on a number of sources, and, although
they are believed to be reasonably accurate, they are not to be considered literally accurate.
The list of commodities does not include all commodities which are produced abroad by
United States direct-investment companies for sale in the United States.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 8.—United States General Imports of Specified Commodities, Total and Portion Attributable to United States Direct
Investments Abroad, Compared to Total United States Imports,
1952
(Amounts in millions of dollars]
[Millions of dollars]
Ar eas
19 50
Industries
19 52
19 51
Item
Branch
profits
Branch
profits
191
834
143
863
424
1
66
87
512
68
5
42
53
27
55
5
29
-12
33
5
58
83
548
61
9
43
61
-10
136
220
29
7
33
8
Branch
profit
624
56
58
384
40
8
35
44
Canada
10, 885
2,400
3, 547
4,938
4,404
1,443
1, 503
1,458
40
00
42
30
Selected imports— ratio of United States produced
imports to total
51
50
74
29
Total imports— ratio of imports of United States produced selected commodities to imports of all commodities
__
21
30
31
9
Total census imports, adjusted '
Total
-_-
Agriculture
Mining and smelting
Petroleum
Manufacturing
Public utilities
Trade
Other
54
62
21
10
20
24
Source: U. S. Department of Commerce, Office of Business Economics
2. For detailed projections see the S U R V E Y OF CURRENT BUSINESS, October 1953, page 19.
The projections are based on credits outstanding as of June 30, 1953.
Latin
American Other
Republics
Total
Branch
capital
outflows
Branch
capital
outflows
Branch
capital
outflows
Imports of commodities listed in table 7
Ratio of selected imports to total imports
..
1. The adjustments consist of the addition of silver to the census totals and a revaluation
of banana imports.
Source: U. S. Department of Commerce, Office of Business Economics.
by Loughlin F. McHugh and Bernard Beckler
Residential Construction Activity and
Financing
"EMAND for housing accommodations has been a major
expansionary factor in postwar markets, affecting not only
new construction activity and the market for existing housing
but also the production of durable consumer goods such as
appliances and furnishings needed to equip the newly formed
households. This housing demand has been supported by
the large sum of liquid savings accumulated during the war,
by the high and sustained volume of real income earned in
the postwar period, and by the availability of investment
funds on favorable terms.
The value of new nonfarm residential construction put in
place in 1953 is estimated at $11.7 billion, up somewhat more
than 5 percent from 1952 and about 7 percent below the
1950 peak. Over the whole postwar period from the end
of 1945 to 1953, approximately $74 billion, or an average
of $9.2 billion a year, has been spent on construction of
privately owned nonfarm dwelling units—roughly half of
the total value of new private construction activity over the
period. As may be seen from the chart, new residential
units started in 1953 are currently lower than a year ago
following an unusually rapid start for the year during the
open winter. The total for the year, however, is expected
to exceed 1 million units—about the same as in 1952.
In terms of new units, the 8 million constructed since
World War II is 1.6 million greater than the number built
in the comparable period of building boom of the twenties.
In terms of volume of outlays adjusted for price changes,
however, the more recent activity was somewhat lower than
in the earlier period, the difference primarily reflecting the
smaller average size of the units built since World War II.
Factors in the Postwar Housing Market
Housing construction in the postwar period reflected the
combined influence of a number of important stimulating
factors. Over the greater part of the two decades which
followed the housing boom of the twenties, effective demand
for new housing was greatly restricted, first by the cyclically
low incomes prevailing during the thirties and later by
Government restrictions during the war period.
The greater-than-normal increase in households over this
period to a considerable extent reflected the "undoubling"
of many families forced to live with relatives or friends, or
otherwise share existing accommodations, due to the housing
shortage in the war and early postwar period. This influence
accounted for the setting up of from 200 thousand to 300
thousand new housekeeping units per year in the period
from 1947 through 1951. Recent Census Bureau estimates
Private Nonfarm Housing Starts
Starts through October this year were equal to the
corresponding 1952 period, but recent months
were below a year ago
THOUSANDS OF UNITS
125
1953
100
\
75
50
25
I
J
F
t
M
I
A
!
M
I
J
I
J
I
A
I
S
I
O
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
I
N
D
53-123-5
High incomes and more households
With real as well as money income rising sharply during
the war years and with liquid resources being steadily accumulated by individuals during that period, a large effective demand existed at the end of World War II. Generally
rising incomes since 1945, moreover, provided further
stimulus to housing demand.
During this period, an exceptionally high rate of household formation was maintained. The increase in the number of nonfarm households has approximated or exceeded 1
million units in every year from 1947 through 1952, with the
average annual rate of increase about 1% million units in the
1947-50 period and 1 million units in the more recent period.
NOTE.—MR. McHUGH AND MR. BECKLER ARE MEMBERS OF THE
BUSINESS STRUCTURE DIVISION, OFFICE OF BUSINESS ECONOMICS.
of the number of subfamilies living with other families suggest that at the present time, the undoubling has largely
run its course.
Upgrading of demand
A significant feature of the more recent housing market
appears to have been a modest trend toward somewhat
larger space in new housing. The continued improvement in income over the postwar years and the growth of
families in the younger age groups coupled with the greater
availability of housing brought many individuals into the
market for more adequate dwellings or induced them to
make substantial outlays for additions and alterations.
15
SURVEY OF CURRENT BUSINESS
16
The change in the more recent period is revealed in statistics on new housing financed with FHA-insured mortgages
(under sec. 203 of the National Housing Act):
Median
Median
number floor space
of rooms (square feet)
1949_
1950.
1951.
1952_
4.
4.
5.
5.
9
9
2
3
841
838
879
923
Of these, 62 percent had five or more rooms in 1952 compared
with 56 percent in 1951, while those with three or more bedrooms rose from 46 percent in 1951 to 59 percent in 1952.
The tendency to larger FHA-insured housing is also revealed
by the data on floor areas which rose appreciably after 1950.
It is not known to what extent the trends revealed by the
FHA data are representative of the remainder of the new
housing market, although related information suggests upgrading in recent years has been fairly general.
A few points with respect to the influence of this factor in
the new housing market are worth noting. Relatively few
home owners feel that the house they purchase has all the
desirable features which they would wish it to have, particularly when family needs as well as incomes are rising.
The recent increase in the average size of families with
children is indicative of such needs. For example, the exceptionally large early postwar baby population is now
entering the school age group in large numbers, a development which would possibly highlight the need of more living
space on the part of those who bought early in the postwar
period.
This need for more space is also operative for families
which have recently added a second preschool child. Of the
15 million families with children in 1949, approximately 3
million or one-fifth, had two or more children under the age
of six. In 1952, the latest date for which such information
is available, almost one-fourth of 16.5 million families with
children had two or more preschool children.
These needs would, however, be ineffective in terms of
market demand unless financial conditions were favorable.
Such requirements are most effective under conditions of
rising incomes such as prevailed in recent years; to a large
extent this demand is of a type which under less favorable
conditions could be postponed until economic conditions
warranted the added expense. In this sense the current
housing market is perhaps more sensitive to change than it
was earlier in the building boom when the backlog of demand built up through the period of low residential construction activity was a major element in the total demand for
housing.
A significant proportion of new construction activity in
recent years has taken the form of major alterations or additions to existing houses. In substantial degree these expenditures also represent an improvement of living quarters
built in the recent period, although major alterations of
older structures are an important factor.
Mortgage financing relatively favorable
Over the greater part of the postwar period the demand for
housing facilities was made effective to the extent earlier
described by the ready availability of mortgage credit,
favorable repayment terms, and relatively low interest
charges. Probably the most conspicuous new postwar development in mortgage financing was the introduction of
loans covered in substantial part by Veterans' Administration
guarantee. The primary appeal of those mortgages from
the borrower's point of view stemmed from the low initial
cash outlays required—frequently with no downpayrnent—
and the relatively long maturity schedules which were often
as long as 25 years or more (table 1). For the lender, the
December 1953
principal attraction was the cash guarantee feature of the
loan. The FHA-insured loan which was introduced in the
mid-thirties was, of course, also available in the postwar
eriod. Terms of financing on such loans have also been
beralized since the end of the war.
These Government-underwritten mortgages—VA and
FHA—had their greatest relative influence in 1947 when
they accounted for 36 percent of new loans made; the prewar
proportion was one-fifth (FHA loans only). Conventional
loans have increased as a proportion of the total since 1947.
New FHA and VA loans at the present time approximate
one-fourth of the total, with the actual volume of guaranteed
or insured funds only slightly below the peak reached in 1950.
Table 1 presents distributions of mortgages outstanding
by downpayment status and length of term of mortgage for
E
Table 1.—Downpayments and Terms on Outstanding Mortgages,
by Type of Financing for Nonfarm Single Family, Owner-Occupied Mortgaged Properties, 1950
[Percent distribution]
0
1 to 10
1 1 to 20
21 to 30
31 to 40
41 or more
_
_._
__ __ __
Total
On demand
less than 10
10 to 14
15 to 19
20 to 24
25 or more
Total
Term of mortgage (years)
__ _
..
Conventional
FHA
10
6
14
17
19
34
12
18
30
20
12
8
33
22
22
12
6
5
15
12
19
16
15
23
100
Downpayment as a percent of purchase price
100
100
100
7
35
34
16
7
1
100
Total
VA
o
2
10
45
43
2
11
22
44
21
5
24
25
16
19
11
100
100
100
(1)
o
1. Less than 0.5 percent.
Source: U. S. Department of Commerce, Bureau of the Census.
the three different types of loans. As may be seen, one-third
of all VA mortgages outstanding in 1950 required no downpayment compared with a proportion of 1 in 10 for conventional loans. At the other extreme, 34 percent of the users
of conventional type financing paid more than 40 percent
down, whereas only 5 percent of the VA loans were in this
category. The buyer using FHA-insured borrowing was, for
the most part, in an intermediate position between the conventional and VA mortgagors. It may be noted that a large
proportion of the group of FHA mortgages with no downpayment required was composed of borrowers who were,
until the latter part of 1950, permitted to take VA second
mortgages.
With regard to maturities on mortgages negotiated in 1950
or earlier, the contrast between conventional and Government-underwritten is likewise striking, with longer terms
clearly predominating in the latter type loans. It would
appear that for conventional loans there has been little change
in maturity terms since prewar.
Regulation X
Since 1950, the conditions of borrowing have changed. In
good part this reflected the imposition of Regulation X control of mortgage lending in late 1950 as part of a more general
credit control program initiated after the outbreak of Korean
hostilities. This regulation shortened maturities and raised
downpayment requirements—the latter influence being the
more important aspect of controls. Whereas in the spring of
1950—before the Korean conflict—over 40 percent of veterans' purchases with VA loans were made with no downpayment, by May 1952 this proportion was less than 5 percent.
Dec-ember 11*53
SURVEY OF CURRENT BUSINESS
On loans which involved some downpayment prior to the
controls, Regulation X raised the required percentage of cash
by about 5 percentage points on VA mortgages and by possibly an equal amount on non-VA loans. At the same time
maturity schedules were reduced, with the maximum term
generally held to 25 years on lower priced houses and 20 years
on other accommodations.
That Regulation X was not, however, the only new factor
in the mortgage market is clear from VA statistics for the
period since the removal of Regulation X. "No-downpayinent" loans have increased slightly, but they are far less
influential than in 1950. VA 100-percent loans currently
account for about 7 percent of total purchases made under the
program. At the same time average downpayments on VA
loans where some cash is required are almost as high as those
prevailing under Regulation X.
Recent money market developments
The basic factor in explaining the more recent developments would seem to be found in the changes which have
taken place in the general money market, principally changes
in interest rates. Long-term interest rates in the early postwar period rose somewhat from a low wartime level. With
most of the principal institutions heavily invested in relatively
low interest-bearing assets and seeking higher-yield investments, the flow of funds to the mortgage market was very
substantial. Given the interest rate structure and the steady
substantial flow into long-term saving, even the 4 percent
VA and 4% percent FHA mortgages were attractive.
As may be seen from table 2, long-term interest rates underwent little net movement in the 1948-50 period with the result that the fixed rates established on government-underwritten mortgages remained relatively satisfactory to financial institutions (particularly in the light of the increased flow
of savings in the latter part of the period). Even in the relatively stable long-term money market which prevailed in
1948-50, support for VA loans was extended on a substantial
scale by the Federal National Mortgage Association ("Fanny
May") which over the period increased its holdings of VA
loans by $1.2 billion.
Beginning in 1951, however, long-term interest rates increased and after a period of temporary easing in early 1952,
again moved upward. Thus, by mid-1953 yields on government bonds stood at 3.1 percent compared with a 2.35 percent
average in the 1948-50 period; over the same period, corporate bond yields rose from 3.0 to 3.6 percent.
Under these circumstances, the prevailing tendency among
financial institutions was to shift the emphasis in portfolio
policies from VA and FHA mortgage loans with rigid interest
rates to conventional mortgages and other investments which
reflected the rising interest trend. At the same time, support activity of the Federal National Mortgage Association
was sharply curtailed. Currently, this agency's remaining
funds are largely earmarked for defense housing needs.
VA-FHA interest rates increased
Early this year maximum contract interest on VA and
FHA loans was raised by }( percent and }{ percent, respectively, and discount charges on FHA and VA loans were
explicitly authorized after June 30 by Congressional action.
The more recent movement of long-term rates in the open
market has also served to ease the market for VA and FHA
loans. From a high of 3.3 percent in the early summer
months, the yield on the 3K percent—30 years-Federal bond
issued last April has fallen to 3.0 currently. This market
change serves to make government-underwritten mortgages
somewhat more attractive to lenders.
There is, however, some lag in the market reaction to these
281300°—53—3
17
yield changes. This is in part due to caution in the money
market based on considerations of the permanency of the
change, and in part due to a still considerable "overhang" of
mortgage loans already made on the 4 percent-4/4 percent
basis.
In assessing the demand for government-underwritten
mortgages in the near-term, it is of interest to note the
potential veteran population which may seek housing under
the VA program. For World War II veterans, the law now
authorizes VA-type financing until mid-1957. Up to the
present time, roughly one-fifth of the 15 million veterans of
WTorkl War II have exercised their right to VA-guaranteed
loans. While many of the remainder will undoubtedly not
utilize their option, either because they are already settled
in satisfactory quarters or because of financial circumstances,
the potential veteran market for new or improved housing
accommodations appears still to be substantial. It may also
be noted that turnover in armed services personnel is adding
to the veteran population. Thus far, the post-World War II
veterans who are eligible for VA financing (those in service
during the Korean emergency) number approximately 1%
million.
On the basis of postwar house purchases by exservicemen
as indicated by the 1950 housing census, it appears that this
demand for housing centered in the intermediate price
range, from $6,000 to $12,000, with nonveterans purchasing
somewhat larger proportions of houses which sold for less
than $6,000 or for more than $12,000.
Debt Status of Home Owners
The large volume of residential construction for owneroccupancy purchased in the postwar period brought with it a
rapid increase in the mortgage indebtedness of individuals.
Mortgage debt on 1-4 family nonfarm homes is currently
Table 2.—Long-Term Interest Rates
[Average percent per annum]
!
Corporate U. S. Gov- Maximum interest, rate
bond yields ernment
(Moody's) bond yields
FHA '
VA
-.
1947
1948
1949
1950
1951
1952
1953
-_
.
November 1953
, _
..
5.47
5.21
3.77
3.86
3.60
2.36
5.09
2. 86
3.08
2.96
1925
1929
1939
2.25
2.44
2.31
4.50
4.50
4.50
4.00
4.00
4.00
2.86
3.08
3.19
3
3. 43
3 38
2. 32
2.57
2.08
32.94
2.85
4.25
4.25
4.25
4.50
4.50
4.00
4.00
4.00
4. 50
4. 50
1. Rates shown are those prevailing for the greater part of the year.
2. Data are for Section 203 homes. An additional charge of 0.5 percent for FHA insurance
premium is made to the home purchaser.
3. Average for January-November.
Source: Moody's Investors Service and the U. S. Treasury Department.
estimated at approximately $65 billion, representing an
increase of $6.8 billion this year, and of $46 billion since the
end of World War II.
As table 3 brings out, the postwar increase in debt has
been largely channeled to institutional lenders, which at the
present time hold approximately four-fifths of the total debt
outstanding. It may be noted, moreover, that the debt is
almost equally divided between Government-underwritten
and conventional mortgages, whereas before the war practically nine-tenths of the debt was neither insured nor
guaranteed.
In view of the rapid postwar rise in debt, considerable
SURVEY OF CURRENT BUSINESS
18
attention has been paid in recent years to the question of
its burdensome aspects and the danger that individuals may
become so overloaded with long-term contractual payments
that the consumer market generally may be adversely
affected.
Aggregate relationships
These questions were discussed at some length in the April
issue of the SURVEY, where aggregate data were used to
analyze both the mortgage and the short-term credit picture
Ownership and Mortgage Status of
Occupied Nonfarm Dwellings
A pronounced trend to home ownership has
featured the long-term growth in housing
PERCENT
100
The proportion of owned homes which are
mortgaged is, however, no higher than in 1940
December li>f>H
The accompanying chart illustrates one aspect of the postwar picture. Over the long-term, there has been a pronounced tendency toward home-ownership in preference to
rental accommodations. At present 22% million units, or 57
percent of all occupied nonfarm dwellings, are owned by
their occupants. This compares with the previous peacetime high of somewhat under 50 percent reached in the late
twenties. As may be seen in the chart, the proportion in
1940 was approximately 40 percent, a relatively low figure
which reflected the impact of the depression of the thirties
when the trend to home ownership was temporarily reversed.
With improvements being made in the mortgage market
mechanism, and willingness of the population to assume
debt on the increase, there was a similar long-term upward
tendency in the use of mortgage debt. This tendency was
also interrupted in the great depression and later by wartime
conditions which restricted house building and consequently
now loans, while existing home owners were able to pay off
a substantial number of these outstanding mortgages. In
view of long-term trends, it is noteworthy that the proportion of mortgaged homes at present—45 percent of owneroccupied units—is no higher than prewar and probably not
greatly different from that of the late twenties.
Outstanding mortgage debt currently is equivalent in
amount to approximately one-fourth of disposable personal
income. This compares with a ratio of 23 percent just prior
to World War II and at the end of 1929, and a slightly lower
ratio in the mid twenties.
The equity of owners in their home investments, moreover, compares rather favorably with prewar. This is in
part a reflection of the rise in housing values associated with
the inflationary conditions of the postwar period. For house
purchasers who bought in the early postwar period, an
appreciable portion of their mortgages has already been
repaid since practically all postwar loans have been on a
fully amortized basis. Moreover, a sizable portion of the
more recent mortgage indebtedness was incurred under the
more restrictive Regulation X mortgage terms which required
larger downpayrnents and shorter maturities.
It is roughly estimated that in early 1953 the equity in
mortgaged homes amounted to about 55 percent of the
market value of the residences—about the same proportion
as in 1950, slightly higher than the similar ratio in 1940, and
again about equal to the proportion in the twenties.
Service charges related to debt and income
20 —
1890
1900
1910
1920
1930
1940
I960 1953
* DATA FOR SEPARATE COMPONENTS ARE NOT AVAILABLE
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
53-l23~6
of individuals. The overall mortgage situation has not
changed greatly since that time. It was pointed out that
while the postwar rise in debt \vas exceptionally rapid, the
pace was influenced to a considerable extent by special
factors, notably the heavy backlog of housing demand accumulated from'the depression period and years of wartime
restrictions. This pent-up housing demand was made
effective by the greatly improved financial position of
individuals and the availability of favorable loan financing in
the postwar period.
A major consideration in assaying the burden of mortgage
debt is the contractual servicing charges which the debtor
incurs relative to his debt and income. In the April SURVEY,
use was made of a total " repayments" series derived from
changes in outstanding debt and new loans made during
given periods. In general this method suggested that recent
repayments were little, if any, higher relative to income
than in the late twenties.
It is of interest to compare typical terms of financing at
various periods of time. The following summary would
appear to typify the terms that prevailed in the late twenties
and those which are common today:
Post World War 11
Amortization feature1.
Fully amortized (percent)
Partially or not amortized (percent)_.
Downpayment:
Ratio to amount of loan
Maturity on amortized loan:
Years
Interest rate on first mortgage:
Percent per annum
Twenties
VA
Conventional
100
0
40
60
100
0
Ho
H-H
10-15
20-25
10-15
6-7
5-6
SURVEY OF CURRENT BUSINESS
December 1953
It should be remembered that these figures apply to mortgaged residences, which currently represent somewhat less
than half the total number of owner-occupied units, roughly
the same proportion as in the later twenties. The major
change indicated by these figures is the decline in importance
of the nonamortized loan. Regular payments of principal
are typically required at the present time on almost all loans,
whereas in the earlier period either unamortized or only
partially amortized mortgages were prevalent.
In this connection it might be noted that the current
practice of amortizing mortgage debt is more satisfactory in
that practically all debtors have been building up their
housing equities through regular payments on principal,
whereas in the earlier period many mortgagors carried the
full mortgage until repayment was called for—often under
adverse financial circumstances.
Table 3.—Outstanding Mortgage Debt on 1—4 Family Nonfarm
Homes
Type of financing
Holder
Total
Financial
institutions l
Individual
and others
Conventionally
financed
Government
underwritten
Billions of dollars
1939
1941
1945
1950
1951
1952
1953 est
..
__
16.3
18.4
18.5
45.1
51.9
58.2
65.0
9.3
11.2
12.2
35. 3
41.2
46.8
52.7
7.0
7.2
6.4
9.8
10.7
11.3
12.3
14. 5
15. 4
14.2
26.2
29.0
32.8
36.7
1.8
3.0
4.3
18.9
22.9
25.4
28.3
89
84
77
58
56
56
56
11
16
23
42
44
44
44
Percent distribution
1939
1941
1945
1950
1951
1952
1953 est
100
100
100
100
100
100
100
57
61
66
78
79
80
81
43
39
34
22
21
20
19
1. Includes Savings and Loan Associations, Life Insurance Companies, Commercial Banks
and Mutual Savings Banks.
Source: Housing and Home Finance Agency, except for 1953 which is estimated by the
Office of Business Economics, U. S. Department of Commerce.
Based on the summary, it is also possible to sketch roughly
the impact of the changing terms on the amount of, say,
annual principal and interest charges per $100 of housing
values. Such a calculation suggests that these charges currently would amount to an average of $6.50 per hundred for
conventional loans, somewhat higher than in the twenties if
no allowance is made for paying off the partially amortized
or not amortized loans. The assumption that such loans
were gradually reduced, even over a period much more
extended than in present-day loans, would make charges on
conventional loans approximately equal in the two periods.
The ratio of annual principal and interest paid per $100
of the purchase price of VA financed properties would be
lower, around $6 per $100. FHA-type mortgages would
typically fall in an intermediate range closer to the VA
borrower than to the user of conventional funds.
These are, of course, typical examples; they do not take
into account the many possible variations in impact among
different groups. For example, to the extent that easier
financing conditions in the postwar period have brought
lower income groups into the home-owning category, the
picture shown above may tend to understate the burden of
these fixed outlays on these individuals.
No account is taken, moreover, of changes in other fixed
outlays associated with home-ownership, such as real estate
taxes and insurance. It may be noted that on FHA-insured
mortgages, these other expenses were reported to be about
one-fourth of total fixed requirements in 1950, approximately
the same ratio as in 1940.
19
No data are available on the changes over time in the real
income of the mortgaged home owner. If, however, it can be
assumed that he has fared as well as the average household
head, it is clear that as far as today's annual repayment of
principal and interest charges is concerned, such charges
constitute a smaller relative drain on income than in the late
twenties. Measured in 1952 dollars, real income per household has increased from $4,330 in 1929 to $5,215 currently.
Cross Section View
One of the striking features revealed by the census study
of housing in 1950 was the recent origin of most of the mortgage debt then outstanding. Four out of five nonfarm mortgaged properties in 1950 were under mortgage contracts
made or assumed since 1945. These mortgages accounted
for about 90 percent of outstanding debt. Since only onefourth of the nonfarm mortgage properties existing in 1950
were reported to have been built in the postwar period, it
would appear that a very sizable proportion of the homes
in existence in 1945 underwent at least one change in mortgage status, either through refinancing or sale, from 1946 to
1950. Arid since such transactions typically involved an
increase in size of loans, it is evident that refinancing of
existing1 structures was one of the major factors in the postwar rise of mortgage debt.
Thus the bulk of the debt was incurred in the postwar
period—under conditions in which real estate prices were
much above those which had prevailed previously. With
the availability of financial data gathered from the 1950
census, considerable additional knowledge has been added
on the relation of mortgage debt to various significant
economic variables. Some highlights of these data are presented in tables 4 to 7 and are briefly reviewed below.
Equity in homes
Although the great majority of home mortgages in existence in 1950 were of relatively recent origin, a large equity
in mortgaged homes had been accumulated by that time, as
indicated by the median ratios of outstanding debt to market
value shown in table 4.
For the one-half of houses which had mortgages, the
median percent of debt to value-of-house was 36 percent;
Table 4.—Outstanding Debt as a Percent of Market Value, by Type
of Financing for Nonfarm Single Family, Owner-Occupied
Mortgaged Properties, 1950
Percent of properties with debt
of 80 percent or more of value
Median percent of value represented by debt
Market value of property
All Conventypes tional
FHA
VA
All Conventypes tional
FHA
VA
Under $6,000
$6,000-$9,999
$10,000-$! 1,999..
$12,000-$! 4,999
$15,000-$! 9,999
$20,000 or more
36
40
40
37
30
26
30
26
27
27
25
26
76
72
63
51
42
34
67
75
70
64
56
52
9
17
12
3
1
1
5
2
2
1
1
1
47
38
23
5
2
0
30
40
27
10
ft
1
All values
36
27
62
70
11
3
26
30
Source: U. S. Department of Commerce, Bureau of the Census.
in other words, one-half of these households had an equity
of 64 percent or more in their homes. However, roughly
one in nine units carried mortgages equal to at least 80 percent of market value, and hence had equity of less than 20
percent (right-hand section of table).
Table 4 highlights the difference between debtors with
conventional type mortgagors and others. Whereas half of
the former had outstanding debt which represented 27 percent or more of value, half of the FHA mortgagors had
debts equal to 62 percent or more of value, and half of VA
20
SURVEY OF CURRENT BUSINESS
mortgagors had debts of 70 percent or more 4 . However, less
than one-fourtli of the FHA and VA debtors had del)(--value
ratios as low as 20 percent.
Among owners with VA or FHA mortgages, relatively
high debt cases were concentrated am 011*4 owners of lower
and medium price houses. As indicated below, these are
typically lower income families, and hence can least afford
serious economic reverses. On the other hand, these families
generally made use of the more liberal financing terms available in the postwar period and hence had relatively lower
servicing charges in relation to their debt. It is also well
Table 5.—Outstanding Debt and Number of Mortgaged Properties,
by Income Groups for Nonfarm Single Family, Owner-Occupied
Mortgaged Properties, 1950 1
Number of
properties
Annual income
(percent
Less than $3,000, ...
$3,000 to $5,999
$6,000 or more _ .
d istrib-ut.wri)
(dollars)
27
54
19
50
25
100
Total
A verage
debt per
property
Outstanding debt
19
2, 710
100
4. 080
5, 340
3. 94 )
1. Income is total money income received during 1949 by primary families and primary
individuals.
Source: U. S, Department of Commerce, Bureau oi the Census.
known that in any general softening of real estate prices,
the lower price houses tend to hold up better than those in
the upper brackets.
when the distributions are based on income as reported to
enumerators, there was a general tendency to understate
income earned. Hence the figures cited above and those
which follow probably tend to overstate the incidence of
indebtedness on households.
Secondly, when income is reported for a given time period,
such as the year 1949 which was used in the 1950 census
tabulations, the relative importance of lower income groups
is overstated to the extent that the earner may have worked
a part year, and his earnings do not therefore reflect annual
rates of pay. A young person graduating from school in
June, finding a job and setting up his own household, would
be a case in point,
Finally it appears that for a substantial number of low
income families, such as those headed by a retired person,
income alone is not an adequate measure of relative economic
position since such units may and often do plan to make use
of accumulated assets.
Servicing requirements
The relative ease or difficulty with which debt is serviced
depends for the most part on the relation of servicing charges
(principal and interest) to income. Table 6 shows the percent of service charges relative to income by income class.
Table 7.—Principal and Interest Payments as a Percent of Income,
by Types of Financing for Nonfarm Single Family, OwnerOccupied Mortgaged Properties, 1950 l
[Percent distribution
Debt-income ratios
From table 5 it is evident that the bulk of mortgage debt
is owed by medium and upper income groups. Over half of
all mortgaged property owners in 1950 were in the $3,000$6,000 before-tax income group, and these debtors owred
approximately 56 percent of the debt. An additional 25
percent of the debt was owed by owners who earned more
than $6,000 in 1949 and who represented one-fifth of all
mortgage debtors. At the other end of the scale, one-fifth
of the debt was owed by the less-than-$3,000 income group,
which in terms of numbers constituted 27 percent of all
mortgagors. The relatively low average indebtedness of
this group reflects for the most part a generally lower loan
Table 6.—Principal and Interest Payments as a Percent of Income,
by Income Groups for Nonfarm Single Family, Owner-Occupied
Mortgaged Properties, 1950l
[Percent distribution!
Income group
Payment as a percent of income
Under 10
10 to 14
1
5 to 19
"?0 to 29
iio or more
Under
$3,000
-
Tot'il
--.-
$3,000 to
$5,999
$6,000 to
$9,999
13
21
19
21
26
42
36
16
5
1
78
17
4
1
39
29
15
9
8
100
100
100
100
(?)
Total
1. Income is total money income in 1949 of primary families and primary individuals.
Families w i t h income of $10,000 or more are excluded.
2. Less than 0.5 percent.
Source: U. S. Department of Commerce, Bureau oi the Census.
value for their properties, due in part to the age of the structures and possibly also to the income status of the occupants.
It would appear in general that the proportion of mortgage
debt owed by lower income families is somewhat larger than
the proportionate volume of income flowing to these groups.
In analyzing indebtedness and related information in terms
of income distributions, several important qualifications
should be noted. First, past income studies have shown that
Properties acquired in
1949 and 1950
All properties
Payment as a percent of
income
Under 10
10 to 19
20 to 29
30 or more.
Total
. . _
All Conventypes tion a1
FHA
VA
All Conventypes tional
FHA
39
44
9
8
40
40
10
10
47
45
5
3
25
62
9
4
21
56
14
9
22
48
16
14
23
66
S
3
100
100
100
100
100
100
100
VA
i
i
i
|
16
66
15
3
100
1. Income is total money income in 1949 of primary families and primary individuals.
Families with income of $10,000 or more are excluded.
Source: LT. S. Department of Commerce, Bureau of the Census.
It indicates that high ratios of service charge to income are
concentrated among the lower income groups. As just
indicated, this reflects in part the existence of a substantial
number of low fixed-income families living on pensions and
annuities. Practically all of the upper-income and almost all
of the middle-income groups paid service charges of less than
20 percent of their incomes.
While income classes are based on pretax income, the
pattern of the distributions would not be significantly
changed on an after-tax income basis, although understandably the proportions would be up somewhat all along
the line. On the other hand, the probable downward bias
in reported income tends, as mentioned above, to overstate
these charges relative to income. If account is taken of the
generally increased incomes prevailing since 1949 (the year
for which income information was derived), the distribution
would undoubtedly be more favorable than that shown in
the table, at least for the 1950 debtor groups. For those
who have assumed their indebtedness since 1950, the situation is less clear, but in all probability the addition of this
group would not change appreciably the overall picture
outlined in table 6.
Almost 40 percent of mortgagors in 1950 were committed
to service charges amounting to less than 10 percent of
before-tax income; at the other extreme about 1 unit out of
6 with mortgage debt was required to pay more than one(Continued on page 28)
I lew of l^evisea.
STATISTICAL SERIES
Business Sales and Orders
R,
lEVLSED estimates of manufacturers' and wholesalers'
sales and of manufacturers' new and unfilled orders are
shown in the accompanying tables. The revision incorporates new data (particularly the comprehensive tabulations of 1950 tax returns to the Internal Revenue Service
and the 1952 financial reports made public by a large number of corporations) and also the results of a review of seasonal adjustment factors for the postwar period.
Unadjusted data prior to 1950 and seasonally adjusted
figures prior to 1946 are unchanged from those previously
published. New estimates of business inventories comparable in scope and methodology to the revised sales data will
be published in the January SURVEY.
The general statistical procedures are unchanged from
those described in earlier issues of the SURVEY. l
to estimate the 1951, and especially the 1952, unfilled orders
totals were also larger than in last year's revision. As in
the sales series, projections for each of these groups, based
on sample data classified by both industry and size, were
Table 1.—Manufacturers' Sales and New Orders, 1939-52
(Millions of dollars; not adjusted for seasonal variation]
Year
Tota!
man ufa c
turing
In the manufacturing sales series the annual totals through
the year 1950 are iio\v adjusted to the benchmark data provided by the tax compilations published in the Internal
Revenue Service's "Statistics of Income." Subsequent annual figures were computed by extrapolating the 1950 totals
by the annual sales of a sample of some 2,000 manufacturing
firms reporting each month to the Office of Business Economics, supplemented by a large number of companies which
make public financial reports. Alonthly figures for all years
from 1939 forward are interpolations of the annual levels
based upon information from the OBE sample.
Sales of the companies included in the sample represented
59 percent of total manufacturers' sales in 1950. For purposes of estimation the companies in the sample are stratified
by industry and size. Criteria of classification were the
same as used by the Internal Revenue Service in compiling
the annual statistics of income tabulations. Companies are
classified industrially utilizing a 3-di.git code of the Standard
Industrial Classification and by size according to total assets. The companies are thus reassigned each year according to their principal activity and indicated size—the latest
stratification is based on 1950.
Estimate's were computed for each size cell w i t h i n an industry on the basis of the movements shown by the sample
data. These figures were then summed to obtain major
industry and all manufacturing totals.
The manufacturers' new and unfilled orders series have
also been revised from 1950 forward although there are no
available benchmarks for these data. Better estimates of
unfilled orders have been obtained by the use of an enlarged
sample to establish the level of unfilled orders in 1950. This
was done by applying the ratio of unfilled orders to sales
shown by data from the reporting sample of manufacturers
to the new 1950 benchmark sales figures. The samples used
1. See S U R V E Y OF CURRENT BUSINESS, October issues for 1949, 1950, 1951, 1952, and
December 1949, J u n e 1951, September and November 1952.
Non-
durablegoods
industries
Total
manufacturing
1939
01 , 340
23 397
37. 943
19 tO
1941
1942
70 313
29
45
61
82
40
52
63
71
77
98
125
153
165
1945
1946
1947
1948
1949
154 4S1
151, 402
l c )l ( T O
211 560
1% 997
1950
1951
1952
231, 4 i . - ,
266, 4 6 ( >
276, 548
194:;
009
15S
S43
3S7
',W
679
619
M69
35 '
(}\\
75 1'iU
59. S3 i
Durablegoods
industries
Xoriduiv.blogoods
industries
New orders
Sales
1<)14
Manufacturing
Durablegoods
industries
1)34
450
]S9
491 |
346 '
79 262 j
(SO :,4'.
91, i:;"
8} s:u
110 MiO
10 r >, u49
125, 7i>0
141.265
13 K !7.:
142. 075
120.427
112 1<>3
64, 25 ;
_6. 027
38 227
SI
117
160,
152
14l>
0;>6
613
MO
44S
8*0
tO 4 f ' ( »
X "" I
s' * 5 '•>
()" 0 >d
41
53
63
71
77
120
380
47, 3J~>
164,3l'3
187 46V
208 Vil
190 836
251.755
292, 692
284, 523
177
788
567
212
214
79 055
93, 013
11 1 080
71, !'()
70 }S4
89 7~~~
118,434
79 107
111 729
12*. 77";
152, 022
142, 657
141,866
127, 980
140, 070
Source: U. S. Department of Commerce, Oiliee of Business Economics.
summed to obtain major industry and all manufacturing
totals.
New orders for a given period ore computed by adding
sales during that period to unfilled orders at the end of the
period and subtracting unfilled orders at the beginning of
the period. The new figures from 1950 forward thus reflect
not only the revisions in the unfilled orders totals but also
those in the sales figures.
Changes in series are minor
The new 1950 totals for manufacturers' sales, new orders
and unfilled orders may be compared with, the estimates
prepared last year as projections from the 1949 benchmark
data. For 1950, as well as for 1951 and 1952, aggregate
sales compiled in this revision vary less than one-half of one
percent from the earlier estimates. New orders for each of
these 3 years were within 1 percent of previous published
estimates for that period. Relative differences in the
volume of unfilled orders were somewhat greater. The new
1950 total is one percent higher, while the 1951 aggregate is
2 percent higher than, estimates last year. Backlogs as of
the end of 1952 as now estimated are nearly 4 percent more
than the former estimate for this period.
It may be noted that the supplementation of the sample
of companies reporting monthly unfilled orders by those firms
providing backlog data as of the end of the year only is
21
SURVEY OF CURRENT BUSINESS
22
December 1953
Table 2. —Manufacturers' Sales, 1946-47 l
!
[Millions of dollars; adjusted for seasonal variation]
Durable goods industries
Printing and publishing industries
Chemicals and allied
products
1
826
824
859
905
918
862
734
753
737
801
831
838
242
741
665
746
772
957
950
232
248
254
228
339
309
368
386
376
418
423
438
482
465
448
486
514
498
926
934
875
941
1,048
1,083
885
923
919
953
974
959
258
264
250
283
278
304
969
955
978
960
958
979
750
788
834
783
881
920
271
258
288
298
317
302
461
466
444
462
475
467
516
500
509
526
536
528
1, 069
1,098
1,118
1,150
1,121
1,113
1,004
1, 031
1,075
1,124
1, 186
1,210
287
313
304
286
282
262
978
1,024
1,013
1,021
1, 064
1,084
809
805
780
825
956
903
320
285
297
329
288
296
466
479
520
535
480
510
535
548
550
555
557
574
1,142
1,100
1, 185
1, 224
1,178
1,206
1 , 250
1,249
1, 323
1,359
1, 396
1,480
278
272
280
290
293
269
Transportation equipment excluding motor vehicles
Lumber and basic lumber products
Furniture and finished
lumber products
Miscellaneous
Beverage
Tobacco
318
268
284
318
349
371
320
322
342
386
437
475
742
650
661
744
772
773
498
421
529
724
816
745
257
209
225
251
271
231
219
229
253
252
276
270
210
226
269
261
281
304
201
235
249
242
252
253
377
452
412
504
508
489
6. 663
6, 713
6. 982
7,332
7, 450
7, 533
1,858
1,920
1,980
2,026
1 , 960
1,851
470
483
419
390
379
427
200
206
210
220
220
212
13, 259
13, 948
13, 388
14, 052
15, 550
15, 879
5, 724
6,028
5,833
6,176
6, 552
6, 694
1,310
1,376
1,288
1,408
1,450
1,385
440
465
428
469
491
498
514
567
537
564
580
604
861
879
848
910
1,011
1,012
962
1,098
1, 127
1,142
1,276
1, 331
270
273
255
259
255
270
289
283
280
305
321
376
292
306
304
298
322
332
264
276
287
282
316
314
521
505
479
538
530
574
7, 535
7,920
7, 555
7,876
8,998
9, 185
2, 080
2, 490
2,034
2,119
2,759
2,903
416
403
447
421
446
484
225
923
223
919
242
965
244 1,012
224 1,036
231 1,026
6, 810
6, 833
6, 896
7, 262
7,286
7, 166
1,494
1, 480
1,492
1,584
1, 585
1, 552
446
455
463
490
488
472
639
640
641
661
698
703
1 , 089
1,084
1,094
1, 096
1,117
1.111
1, 373
1,393
1, 449
1, 533
1, 504
1, 540
250
223
235
254
264
378
385
371
379
396
347
297
299
322
326
348
321
322
329
325
339
326
331
523
544
503
598
559
522
8, 633
8. 756
9,107
8,874
9,117
9,216
2, 608
2, 643
2.853
2, 650
2,700
2, 764
462
456
451
410
422
428
230
246
255
225
239
244
16, 354
16, 320
16, 921
17, 554
17, 533
17, 883
7,193
7, 139
7,492
7,844
7,773
8,085
1, 584
1,570
1, 652
1,723
1,681
1,764
474
444
471
488
466
473
691
692
717
749
718
741
1. 119
1,148
1,158
1,218
1,238
1 252
1, 513
1,527
1, 665
1,734
1.757
1,870
247
238
260
282
272
254
378
398
409
420
458
479
336
352
345
347
367
370
317
314
329
338
323
334
533
457
485
544
494
546
9, 160
9,182
9,429
9,710
9,760
9,799
2,736
2, 756
2,818
2,869
2, 830
2, 803
409
424
412
472
473
437
237
240
250
231
239
238
'd
rt
C<3_£
~"o
1s
"c3
1
a
o
and
947
634
990
1,163
1,104
1,112
Total manufacturing
Motor vehicles
equipment
------
August
September
October
November
December
Machinery excluding
electrical
1947: January
February
March
April
May
June
4,090
3, 645
4,216
4,845
5, 066
5,023
0,
Vj
ts
3
'fci
1
cl "o
ifa
"3
to
a
%
T3-0
5n °
«&
T5
O
0
&H
1. For description of 1948 change in industry classifications, see SURVEY OF CURRENT BUSINESS, October 1951.
Is
^§
*1
'a
£
Is a
s
a
03
•^
EH
693
682
696
642
794
755
819
844
820
950
951 1,049
Rubber products
Paper and allied products
401
393
398
457
451
445
10, 753
10, 358
11,198
12, 177
12, 515
12, 555
p
Petroleum and coal j
products
j
1
Leather and products
339
328
332
345
361
356
Electrical machinerv
*
July
August September
October
November
December
-
219
230
248
266
289
297
Nonferrous metals and
products
1946: January
February
March
AprilMay
June
1
15, 443
15, 588
16, 003
16, 136
16, 403
16, 381
Year and month
JulV
Nondurable goods industr.'es
C/D
240
245
259
270
245
Source: U. S. Department of Commerce, Office of Business Economics.
Table 3.—Manufacturers' Sales, 1950-52
[Millions of dollars; not adjusted for seasonal variation]
1951: January
February
March
April
May
June
1,299
1, 273
1,420
1, 413
1,574
1,625
18, 513
22, 463
21, 252
22, 464
20, 791
21, 358
231,415
8,242
10, 184
9. 786
10, 509
9, 600
10, 082
105, 649
1,440
1, 716
1,702
1,841
1, 762
1,983
19, 046
22, 414
21, 509
23, 959
22, 060
22, 794
21, 996
10, 140
9, 872
11, 606
10, 720
10, 972
10, 675
1,965
1.748
2.066
1,950
2, 052
2,027
709
752
869
807
918
995
670
709
860
767
802
849
754
922
1, 236
978
1, 133 1,018
1,225 1, 128
1, 061 1,028
1,084 1, 166
11,710 10, 730
1,085
1,087
1,206
1,125
1,125
1,101
9, 039 1, 712 1,000
10, 423 1,953 1, 139
9, 913 1,826 1,122
11,388 2,051 1,290
10, 511 1, 958 1,123
9, 935 1,956 1,006
125, 194 23, 265 13, 409
1,056
1,035
1, 193
1,012
973
975
267
348
330
299
327
345
438
468
576
548
620
066
263
276
330
298
297
272
339
331
410
412
462
489
I5(i
156
182
167
180
209
331- 8, 995 2, 552
374 9, 129 2, 588
47;; 10, 101 2,739
44/ 9. 218 2, 528
461 9. 891 2,823
453 9, 99(1 2, 825
566
279
447
461
1,308 1,617
262
187
350
1,528 1,903
745
544
24(i
58C>
353
363
709
521
256
614
1,447 1,692
331
760
363
577
1 , 552 1,815
261
63f
351
525
62C
372
698
1,419 1, 538
243
334
475
1,622 1,613
412
56c,
628
242
293
16, 384 18, 596 4, 055 7,421 3, 659 5,531 2,486 6,030
1, 567
1,650
1,944
1, 846
1, 885
1, 883
773 1, 608
995 1,746
1,029 1, 667
1,147 1,998
1, 104 1,858
1, 120 1,920
12,421 21,573
1,627
1,653
2,011
1,768
1,801
1,727
376
391
483
497
538
544
725
631
755
730
750
720
390
375
434
373
360
301
488
450
575
556
585
57i
233
270
241
260
269
3, 502
3, 228
3, 280
3, 012
3, 331
3, 122
509
453
459
371
441
472
280
256
263
264
307
293
10, 848 2,973
522
295
12, 206 3,154
578
318
11,788 3, 223
606
273
12, 822 3. 542
600
344
11,806 3, 310
557
289
11,048 3,116
515
278
141,265 38,793 6,082 3, 463
1, 435
1, 365
1, 523
1, 450
1, 540
1.500
990
280
775
517
561
1 434 1,222
371
645
649
1, 300 1,037
326
616
706
311
740
1,392 1, 107
673
670
949
268
1,281
727
775
265
658
652
1,251
13, 470 10, 706 3,363 6,976 7,728
1,294
1, 584
1,537
1, 586
1,481
1, 473
16, 428
2
l
c
c3
l
'c a
a
<
712
905
967
820
794
C.42
1,407
932
1,351 1,036
1,394 1,043
1,214
871
1, 262
841
1, 260
730
999
1, 287
1, 198
1,320
1, 164
1,126
14, 982
1
269
274
297
236
227
239
371
342
358
274
258
259
501
495
567
518
554
562
714
686
775
743
774
732
615
640
737
760
708
680
1,667
1, 533
1,727
1, 633
1, 635
1,537
coal
1, 166
1, 126
1,317
1,235
1,314
1, 316
X
o
H
" -~f-
Rubber products
Printing and publishing industries
551
603
677
620
622
620
B
975
252
957
230
258 1,029
884
234
285
926
290 1,050
10, 271 2,949
563
296
12, 279 3,222
654
314
11,46(1 3, 102
531
266
11,955 3,187
518
288
11,192 2,968
465
285
11,275 3, 133
493
272
125,766 34,617 5, 833 3,270
626 12, 273
582 11,637
66(; 12.353
621 11,341
64-v 11,822
557 11,321
522
468
490
549
1, 454
244
218
490
582
674
522
1, 662
342
316
530
533
534
1, 499
320
246
607
615
570
280
642
709
1,710
375
595
514
604
349
274
544
1,588
681
482
420
252
446
1,365
279
19, 867 6, 176 7,926 4,142 6,410 3, 132 6,873
344
351
449
420
496
548
IJaper and allied products
|
Tobacco
cc
3
"c
"5
Beverages
~a
Food and kindred products
3£
„3
|'o
^
Other including or
nance
tfc
Professional and scie
tific instruments
Furniture and fixtur
Transportation equi
ment excluding m
tor vehicles
1,271
1,072
1,308
1, 291
1, 605
1,872
Lumber products i
cept furniture
ai
1, 039
1,100
1,342
1,272
1,348
1, 406
4,
CO
CO
Petroleum and
pro ducts
6, 788
6, 858
8,101
7, 716
8,602
9, 182
A ~
Nondurable-goods insdutries
VI
Chemicals and allied
products
July
August
September
October
November
December
Total
15, 782
15, 987
18, 202
16, 933
18, 492
19, 177
T3
Motor vehicles
equipment
1950: January.. -._
February
March
April
May
June
0
Machinery except ele
trucal
o
Electrical machinery
and equipment
£
Fabricated metal products
Year and month
Primary metals
Durable-goods industries
237
236
276
272
308
343
1.647
399
1,768
416
1,681
364
1, 745
408
1,738
360
401
1, 903
19, 354 4,020
1,862
1, 730
1,877
1,779
1,843
1,806
414
382
442
420
421
431
870
270
627
620
1,169
327
725
698
274
670
1,041
762
1,098
268
737
819
955
217
685
753
224
608
738
666
11,324 3, 442 8,477 8,459
1,441 1,842
391
1,572 1,949
429
1,508 1,836
396
1,613 2,025
453
1,487 1,989
400
1,380 2,048
347
18, 733 22, 586 4,925
506 11,767 3, 358
472
280
623
598
316
436
269
302 1,173
22, 164 10, 396 2,008 1,076 1,075 1,899 1. 543
855
703
684
1952: January..
480
626
548 11,616 3,317
680
349
422
275 1,124 1,004
279
663
22, 372 10, 756 1,971 1,032 1, 144 2, 029 1, 625
686
February
622
506
556 11,817 3, 223
743
284
359
494
261
288 1,134 1,045
683
23, 138 11,322 2, 094 1,092 1, 195 2, 143 1,728
March
751
56.'' 11,604 3, 120
538
299
771
713
342
503
298 1,074
247
22, 930 11,326 1,911 1,089 1, 116 2,170 1,815
995
657
763
April
836
683
299
574 11,292 3, 304
334
526
845
512
982
323
219
650
22, 471 11,179 1, 885 1, 075 1,077 2,137 1,753
719
May
840
528
54(1 11,202 3, 196
662
308
950 1, 064 1,209 2,130 1,807
334
590
331 1,066
221
630
21, 581 10, 378
708
June
772
600
11, 102 3, 200
323
517
869 1, 020 1, 025 1,822 1, 098
297
602
342
981
19, 978 8,876
233
768
599
July
657
781
681
313
580 11,849 3, 272
387
571
533
336 1,162
310
22, 458 10, 608 1, 895 1, 137 1,156 1, 853 1, 255
988
668
August
695
712
829
425
589
328
648 12, 582 3, 524
578
24, 652 12, 069 2,086 1, 228 1,322 2,009 1, 893
334 1 , 261 1,097
293
September
674
782
705 13, 608 3, 869
901
758
649
371
447
590
337 1,420 1, 171
208
26, 679 13, 071 2,277 1,351 1, 381 2,177 2, 053
740
October
892
530
628 1 1 , 696 3. 313
629
365
339
310 1.175
220
514
892
23, 579 11, 883 2,085 1,077 1,348 1,921 1,817 1, 144
657
November
787
318
674
507
535
371
546 11,939 3. 306
339 1, 162
X24
24, 547 12, 608 2, 303 1,157 1.484 2.185 2, 053 1,009
655
December
754
276, 548 134.473 22, 335 13, 398 14, 532 24.476 20, 440 9,927 7,958 4, 352 6,412 3,710 6, 932 142, 075 40, 002 6, 309 3,817 13,714 11.198 3, 074 7, 979 8,877
Total
Source: U. S. Department of Commerce, Office of Business, Economics.
1, 557 2,007
424
1, 513 1, 946
386
1, 572 1,978
388
1,579 1,952
415
1, 517 1, 809
411
1,447 1,876
425
1,433 1,925
362
1, 526 1,956
403
1,658 1,960
423
1,736 2,128
457
1,496 1, 973
356
1,487 2, 228
397
18,521 23, 738 4,843
July
August
September
October
November
December
Total... -
19, 887
22, 629
21, 701
24, 210
22,317
20, 984
266, 460
SURVEY OF CURRENT BUSINESS
December 1953
23
Table 4.—Manufacturers' New and Unfilled Orders, 1950-52
[Millions of dollars; not adjusted for seasonal variation]
Durable-goods industries
Total manufacturing
Year and month
Tota
Primary
metals
Fabricated Electrical
machinery
meta
Nondurable-goods industries
Nonelec- Transportation equiptrical
machinery
ment
Other i
Tota
With
unfilled
orders 2
Other
;
New orders
1950: January _.
February
March
April
._
May
June
_ ._
16, 781
16, 376
18, 551
17, 068
18, 957
20, 788
_
._ .
_.
_
Total
1952: January
February
__
March
April _
__ _ __ ._
May
June.. __ _ _ _
July
August
September
October
November
December
. _
_
__
Total
2,452
2,473
2,407
2,152
2,609
2,832
6,699
6,800
7,530
6,960
7, 561
7, 525
11,517
14, 690
12, 441
12, 231
10, 302
12, 071
1,819
2, 386
2,003
2,048
1,744
2,331
1,297
1,679
1, 347
1,340
1,170
1,249
962
1,586
1,667
1,269
1,054
1,468
1,823
2,282
1,935
1, 968
1,806
2,278
3,207
3,718
2,912
2,898
2,048
2,488
2,408
3,039
2,578
2,708
2,481
2,256
11,115
12, 654
11, 638
11,870
11,297
11,408
3,192
3,474
3,119
3,031
3,051
2,959
7,923
9,179
8,518
8,839
8, 246
8, 450
123, 775
21, 440
13, 428
13, 156
20, 258
28, 173
27, 318
127, 980
33, 751
94, 228
15, 790
14, 052
16, 246
13, 252
12, 488
13, 134
2,197
2,040
2,578
2, 253
2,159
1,968
1,828
1,584
1,493
1,259
1,217
1,180
1,667
1,480
1,839
1,349
1,261
1,513
2,711
2,910
2,799
2,478
2,398
1,925
4,229
3,294
4,572
3,277
2,961
3,871
3, 158
2,744
2, 964
2,636
2,492
2,678
13, 234
12,317
12, 798
11,067
11, 306
10, 852
4,068
3,699
3,709
2,717
2,486
2,461
9,166
8, 618
9,089
8, 350
8, 820
8, 391
12, 013
11, 546
10, 299
12, 468
11,056
10, 279
2,080
2,046
1, 648
2, 454
1, 638
1,826
1,009
1,123
1, 192
1,236
1,071
1,022
1,180
1,206
1,173
1,315
1,201
1,416
2, 363
2,329
1, 775
2, 066
1,924
1,951
3,315
2,366
2,542
2,876
3,180
2,351
2,066
2,476
1,969
2,521
2,042
1,713
10, 452
11, 560
11,417
12, 529
11, 757
10, 782
2,119
2,392
2,532
2,852
2,771
2,359
8, 333
9, 169
8,884
9, 676
8, 986
8, 423
152, 622
24, 886
15, 214
16, 600
27,629
38, 834
29, 460
140, 070
34, 165
105, 905
11,494
11,031
13, 405
12, 803
10, 382
13, 561
2,057
1,841
1,922
2, 159
1,732
1,193
1,301
923
1, 053
1, 326
1,056
1,137
1, 126
1,273
2, 558
1,280
1, 109
1,781
2,062
2,026
1,898
2, 007
1,690
1,924
2,499
2,627
3,736
3,471
2,491
4,946
2,450
2,391
2,298
2,560
2,304
2,580
11, 628
11, 635
11, 609
11,400
11,370
11, 447
2, 689
2,771
2,621
2,537
2,648
2,869
8, 939
8, 864
8,988
8, 862
8,722
8, 578
11. 354
10, 661
12, 595
11, 905
10, 756
12, 600
1,344
1, 925
1,853
2,176
1,877
2,046
1,194
1,168
1,410
1, 166
913
979
1, 266
1, 088
1,433
1 379
l'l20
1,735
2,051
1,762
1,807
1,817
1,724
1,822
2,853
2,211
3,510
2,677
2,796
3,789
2,646
2,507
2,583
2, 690
2,325
2,229
11, 295
11,840
12, 615
13, 488
11,701
11,839
2,663
2,826
3,041
3,199
2,845
2,724
8, 632
9, 014
9, 574
10, 2X9
8, 856
9, 115
284, 523
July
August
September
October
November
December
9,151
9,273
9,937
9,112
10, 170
10, 357
22, 649
22, 501
25, 210
25 393
22, 457
24, 438
_ _ _ _ _
1,787
1,745
2,091
1,904
2,112
2,209
23, 122
22, 716
25 074
24, 202
21, 753
25, 008
._
1,601
1, 454
1,621
1,734
1,876
2,618
292, 692
_
1,287
1,196
1,484
1,298
1,437
1,463
22, 465
23, 106
21, 715
24, 996
22,814
21, 061
Total
1951: January
February
March
April _
May
June
753
660
973
709
820
1,236
29, 024
26, 368
29, 044
24, 319
23, 794
23, 986
__
848
700
863
834
988
1,112
251, 755
July
August
September. __ _ _.
October
November
_
December
1,354
1,349
1,582
1.478
1,553
1,793
22, 632
27, 344
24, 078
24, 101
21, 599
23, 480
_
_
7, 630
7,103
8,614
7,957
8,788
10, 431
142, 657
22, 124
13, 627
17, 149
22, 590
37, 605
29, 563
141, 866
33, 434
108, 432
Unfilled orders *
1950: January
February.
March
April. _.
May
June
_
1951: Januarv _
February
March
April.
May
June _ _
1952: January
February
March
April
May
June
Julv
August
September
October
November
December
21, 784
22, 173
22, 522
22, 658
23, 122
24, 733
_ .
_
__
_
_
_
_ _
_ _
_
._
_
-
_.
-
_
- - -
3,763
3,839
4,001
4,067
4,046
4,215
2,521
2, 469
2,463
2,490
2,561
2,678
2,851
2,802
2, 915
2,856
2,874
3,261
3,148
3,244
3,386
3,412
3, 501
3,558
4,152
4,186
4,169
4,313
4,257
4,658
2,830
2,971
3,090
3, 126
3.211
3,330
2,518
2,662
2,498
2,392
2,671
3, 033
2,518
2,662
2,498
2,392
2,671
3,033
0
0
0
0
0
0
24, 975
29, 481
32, 136
33, 858
34, 561
36, 549
4,594
5,264
5,565
5,772
5,754
6,102
3,053
3,497
3,710
3, 825
3, 934
4,100
3,470
4,078
4,726
4,867
4,892
5,195
4,073
4,827
5,315
5, 730
6,118
6, 774
5,970
7,435
8,292
9,012
9,149
9, 613
3,816
4,380
4,528
4,653
4,714
4,766
3, 876
4,251
4,422
4,337
4,442
4, 576
3,876
4,251
4,422
4,337
4,442
4,576
0
0
0
0
0
0
47, 735
52, 594
57, 679
59, 938
60, 937
62, 927
__ _. ...
19, 266
19,511
20, 024
20, 265
20, 451
21, 700
28, 851
33, 732
36, 558
38, 195
39, 003
41, 125
_
July...
August
September
October
November
December
July
August.
September
October
November
December
_.
__
42, 199
46, 379
51,018
53, 551
55, 067
57, 526
6, 334
6,626
7,138
7,441
7,548
7,488
4,843
5,339
5,626
5,761
5, 853
5,931
6,805
6,251
6, 897
7,234
7,522
8,060
7,919
9,178
10, 033
10, 664
11,177
11,219
11,837
13, 087
15, 165
16, 177
16, 799
18, 399
£461
5, 898
6, 159
6,274
6, 168
6,429
5,536
6,215
6,660
6,386
5,870
5,402
5, 536
6, 215
6, 660
6,386
5,870
5,402
0
0
0
0
0
0
65, 506
65, 983
65, 997
66, 784
67, 280
67, 358
60, 500
61, 623
62, 009
63, 089
63, 634
63, 977
7,856
7,949
7,770
8, 173
7, 853
7,723
5,940
5,924
5,994
5,940
5,888
5,904
8,466
8,677
8,821
8,988
9,086
9,373
11, 974
12, 557
12, 665
12, 733
12, 799
12,830
19, 792
20, 005
20,515
21,111
22, 099
22, 404
6,471
6,511
6,244
6,143
5,909
5,743
5,005
4,360
3,988
3,695
3, 647
3,380
5,005
4,360
3,988
3,695
3,647
3,380
0
0
0
0
0
0
68,316
68, 660
70, 595
71,868
71, 150
74, 577
65, 075
65, 400
67, 544
69, 020
68, 224
71, 406
7,771
7,641
7,468
7,716
7,563
7,806
6,130
6,020
5,981
6,218
6,199
6,272
9,424
9,553
10,916
11,079
11,111
11, 683
12, 992
12,990
12, 745
12, 583
12,136
11,930
22, 737
23,059
24, 324
25, 209
25, 112
27, 410
6,021
6,138
6,109
6,215
6,103
6,305
3,241
3,259
3,052
2,848
2,926
3,171
3,241
3,259
3,052
2,848
2, 926
3,171
0
0
0
0
0
0
77, 248
77, 291
77, 850
76, 563
75, 441
75, 333
73, 885
73, 937
74, 463
73, 297
72, 170
72, 161
8,280
8,310
8,078
7,976
7,768
7,511
6,447
6,478
6,661
6,475
6,312
6,133
11, 924
11, 857
11,968
11,967
11, 739
11, 990
12, 158
12, 067
11,865
11,504
11,307
10, 944
28,393
28, 568
29, 356
29,079
28,915
29,642
6,682
6,656
6, 536
6,295
6, 130
5,942
3,364
3, 354
3, 387
3, 266
3,271
3,171
3,364
3, 354
3, 387
3, 266
3,271
3,171
0
0
0
0
0
0
1. Includes professional and scientific instruments, lumber, furniture, stone, clay and glass and miscellaneous industries.
2. Includes textile, leather, paper and printing and publishing industries.
3. Sales are considered as equal to new orders for this group which includes food, beverages ,tobacco ,apparel .chemicals petroleum and rubber.
4. As of end of period.
Source: U. S. Department of Commerce .Office of Business Economics.
SURVEY OF CURRENT 1VUSIXESS
24
relatively more important than is the annual supplementation of either sales or inventories.
1950 is about 6 percent higher than the previously published
estimates.
Wholesalers' Sales
The revision of wholesalers' sales covering the 1950-53
period is based primarily on the above-mentioned Intel-rial
Revenue Service statistics on corporate sales in 1950 and also
incorporates adjustments based on the recent changes in the
business population and other pertinent data. The present
revision utilizes basically the same methods of estimation
and the same definitions and classifications as the previously
published estimates.
The revision here presented results in a substantial upward
adjustment in wholesalers' sales. The new sales series in
Seasonal adjustment
The monthly aggregates of manufacturers' and wholesalers 1 sales vary in characteristic ways at different times of
the year. The variations reflect in part the length of the
work month and partly the patterns of customary activity
in each industry or line of trade—-e. g., a slowing during
vacation periods or a heightening as the Christmas season
approaches. When fluctuations in sales which are related
only to the recurring influences of a particular time of year
Table 5.—Manufacturers' Sales, 1948-52
[Millions of dollars; adjusled for seasonal v a r i a t i o n ]
Durable-goods industries
he
Nondurable-goods industries
1,293
1.312
1,373
1, 350
1, 336
, 398
882
879
858
922
842
805
701
707
713
722
721
722
1 , 267
1 ' 265
l.?94
1,273
1,270
1, 318
1 , 758
1 . 825
1,887
1,008
1,704
1, 752
274
287
293
290
295
332
515
542
532
500
509
526
24i
242
20'
213
270
2-> 4
18,288
18, 632
18,805
18.617
18.654
18,541
8,272
8,416
8, 610
8, 013
8. 733
8, 894
1, 396
1,428
1, 483
1 , 522
1. 586
1,670
834
805
854
818
853
792
734
772
742
786
788
1,266
1,336
1 , 369
1, 322
1 , 345
1,395
1.851
1,937
1,955
2, 070
2, 036
2, 101
310
33M
572
57S
5,"S
254
251
346
369
505
23,5
190
1949: January
February
March
April
May--..
June
1 7. 766
1 7, 828
1 7. 882
1 7, 755
17,209
17,317
8, 405
8, 310
8, 208
8, 236
7. 958
8, 041
1, 508
1 , 506
1,492
1 , 332
1.192
1, 227
812
799
796
786
744
750
707 1,261
1 , 227
705 1.26*
681 1,230
715 1,214
669 1,174
2,102
2, 070
2, 055
2, 230
2, 106
2, 246
347
304
294
355
337
315
479
448
403
431
442
433
16, 875
17,687
17,769
16, 524
16, 650
10, 271
7,910
8, 296
8,271
7, 117
7, 435
7, 175
1,168
1 , 236
1 , 320
560
951
1.231
760
749
774
748
746
701
637
693
734
689
702
670
1, 102
1,108
1, 155
1,092
1,114
1,000
2, 341
2, 465
2,310
2. 082
1,880
1,640
341
318
207
26,7
294
295
10,197
10, 445
1 7, 273
17,399
18,535
19, 080
7, 146
7, 074
7, 504
7 727
8] 445
8,892
1, 200
1,314
,321
1 , 398
1, 519
1,611
754
794
849
834
938
995
710
701
795
758
855
847
1, 100
1,106
1,212
1.216
1 28?
1,326
1 , 364
1,077
1,215
1,325
1 580
1,760
243
351
303
30,1
c
r*
Ej
cj ^ ^
'3 cD
> •£*
O ^i
55
Furniture and
fixtures
7. 920
8, 160
8. 249
8.008
8,049
8, 145
"o
•^
Transportation
equipment excluding motor
vehicles
Machinery except electrical
17,876
18. 146
18. OOP
18,200
18,101
18,393
•33
July
August
September...
October
November-..
December. . .
w +_>
«"i
Year and month
1948: January
February
March,.*
April
May
June.-- . ,-,
Fabricated metal
products
S
"c-i
"* 3
li
1
1
o
|
|
|
. ~r
|
342
.514
3 si
300
376
370
340
399
389
371
155
1S2
182
164
164
10*'
107
460
46S
427
4M5
4S!
434
214 ,OT
248 .157
24! ,134
200 1 ?72
'?73
24-1. ,140
°s7
472 10, 016
4S2 10,215
1M, 191
451) 10 OO-i
40
" 421
45" 4! Ms
2,901
2, SSO
2, 43 5
2, SS5
2. S43
2.840
494
501
504
480
4,5s
413
1.047
1,000
4ns
442
943
921
820
920
25'^
202
207
240
2, 722
2, sOs
4^,14 2, 741
2. SO-'
4.' 251 2, 074
4, 270 2. 700
430
44"
4V,
492
535
502
204
203
260
97.;
278
25 i
918
948
925
947
922
8^7
S91
451
90*'
751
°55
'274
523
475
470
458
430
4.3S
272
202
20S
201
259
860
867
940
977
921
9.52
707
828
850
834
741
70 5
245
2SO
279
255
2.33
221
272
4s2
252
9 >4
257
4S2
271
20'2 1.04.5
26S 1. 062
7 )'J
817
2 IS
25
2. SO 5
430
450
457
4 SO
470
407
50', 11. 122 3.05S
11, 1M1 3. 1»,5
5 , 3 11.014 3 004
11. 107 2.470
11. 141 2. 44S
11.752 3. 200
502
534
501
iSl
407
527
221
227
222
17(1
101
474
440
458
4SO
467
518
449
20.1
241
25M
201
252
234
361
305
307
300
3S4
340
103
157
1,13
170
10,1
15 5
3s<>
447
451
422
427
s, 404
9, 390
9, 494
9, 107
4. 221
4, OUT
2,000
2, 6X4
2,077
2,070
475
9.052
341 4. 57')
4'," 4 7M
4"'
47 > 10 MM )
47'. 10. 1SS
2. 100
2. Ml
2. 742
2.715
319
386
3SS
405
420
442
450
100
105
53 S
52s
582
614
275
270
2s4
311
2MO
291
20, 343 9,222 1, 073 1,014
897 1,466 1.687
21,082 10,091 1,760 1,144 1,030 1. 583 1, 804
20, 719 9, 005 1, 704 1,004
991 1,499 1,677
20, 984 9, 878 1,768 1, 008 1,047 1,511 1 . 768
996) 1 , 523 1.584
20, 881 9, 730 1, 799 1 , 096
22, 075 10, 323 1,889 1, 119 1, OSO 1, 020 1 755
329
370
369
308
302
401
644
724
674
720
724
704
322
32s
.523
331
319
33 5
477
4V)
494
511
213
220
24*
23M
549
200
1951: January
February
March..'.....
April
May
June
22. 078
22, 118
22, 882
22, 406
22, 821
22, 039
10,480
10. 174
10,893
10,608
10, 752
10, 398
,907
,802
,921
, 930
,981
,009
1.152
1,140
1,170
1, 162
1, 148
1, 101
1, 118
1,022
1,101
1,001
1, 034
968
1,035
1,001
1,768
1,758
1,793
1, 789
1,070
1, 002
1, 873
1, 808
1, 772
1, 630
401
402
417
4S4
4J8
517
755
6MO
3S9
307
534
526
581
555
560
543
2.5 S
2SO
205
259
201
255
074
01 '2
055
654
050
58 >
12. 19s
11,443
ll.MsM
11. 7 IS
12, Oh '
11, (,42
3, 434
3, 271
3, 2sl
3.210
.5, 3 59
.5. 1 14
July
August
September. ,,
October
November...
December,,,
21, 724
21,902
21,553
22, 356
22, 448
21, 003
10. 099
10, 343
10,010
10, 552
10. 680
10, 115
1,993
2,002
1,896
1 , 969
2, 004
1,802
1, 102
1,055
1, 054
1. 124
1, 160
1, 038
916
1,046
1,003
1, 069
1, 070
1,040
1,803
1.801
1, 75S
1,915
1,991
1,918
1, 518
1.628
1, 548
1,604
1,635
1,488
525
517
554
503
5s 7
009
62 5
655
601
04S
617
540
2s 5
31s
52)
542
353
3 IS
545
523
520
.123
507
4s7
249
282
24',
240
55)
517
4S9
544
50s
ISM
11.021
11, lls
11. 115
11, SM4
11, 70S
ll,4ss
22. 434
22, 676
22, 408
22, 956
22, 628
21 750
10, 752
10.872
10, 805
11,062
11,025
10 219
1,950
2, 030
1,947
1, 892
1, 820
934
1,146
1,088
1,060
1, 120
1,099
1,061
1. 139
1, 131
1,105
1, 102
1,148
1,207
1, 982
2,010
1,984
2, 039
2,048
2, 043
1, 587
1, 507
1,673
1, 784
1,731
1, 769
004
673
723
737
801
802
624
056
603
600
041
031
315
32t>
359
324
341
373
510
557
552
514
515
514
280
277
2s1,
304
301
304
54 ,
574
5V)
574
ll.SH
11,003
11,SM5 3' 3 39
11,005 .3,312
11, ."31 3 , 2 3 4
21,498
22, 270
23, 921
24, 651
24, 271
24, 706
9, 770
10,810
11,878
12,120
12, 361
12, 536
1.029
1,943
2. 164
2,187
2,134
2, 193
1, 122
1,052
1,152
1,174
1,112
1, 195
1,225
1, 218
1, 286
1 , 282
1,300
1,374
2,014
1, 955
2, 001
2, 083
2,111
2,122
1,102
1, 282
1,870
1,925
1,958
2,140
834
869
814
894
1, 191
928
656
087
07S
6M2
679,
727
360
394
395
40S
3Vi
384
517
545
547
512
55S
551
325
290
310
327
344
335
5s 1
575
594
602
5S 7
587
11,72s
11, 1,M
12,042
12, 52 1
11,910
12, 170
3,291
.5, 20 )
3, tls
3,', IS
3, 29 »
3,3v5
July
August
September. _ _
October
November...
December
1950: January
February
March,/:
April
May
June
July
August - September.-.
October
November,December,-.
1952: January
P'ebruary
March
April
May
June
July
August
September...
October
November. -.
December. ..
705
704
664
40'
460
441
43 '
179
ISl
19s
2, 50X
401
946
972
r404
72,
i —
—
4S1
511
272
292
241
492
5191
Is', 1 HO 1.041
'.17 1 22 '
312
304
249
231
521
496
4*0
193 1,2 '1 1 , » 77
1M2 1 , 2 !
272
269
268
0 1 12" i no
> l s 1,114 1, 154
t>2^ 1.117 1.4SO
>OS 1,091 1, 4^1
>U4 1 , 0 7 51, 42 ,
H2 1,120 1 . 429
20,5
262
252
254
257
()2 i !. 141 li.lOS
1 . 121
,2" 1 , M » " 1, Isu
1MO 1 1 5 ? 1, "42
',31, 1 , 0 ) 1, 4 IS
259
275
246
245
238
244
10 ^
IMS1
lO^
4h2
451
452
12 I j
301
278
20s
2sM
2s!
2,) 5
1.217 1 , 0 1 5
1,305 1,005
1,190
93''
9S1
1. 246
1. 207
8')4
1.311
97t>
2') 7
312
9 ;•
50i)
307
00')
5S1
4ss
404
418
421
2ss
2S2
274
2)1
283
2s4
1 .!'() 1.005
1. 5s >
)M)
SSl
1, !54
1.320
s )s
1,425
910
1.2)7
870
342
317
3 54
5,0'}?
3. 102
5, 13 1
•>.3(H
3. 2-s
3, 1SS
49o
472
00 .
,5.3s
28'
281
28)
320
238
301
1,19s
1, 16)
1.151
, 131
1. OJ )
1, ISO
544 11.0S2 3, 2S7
514
510,
525
50s*|
52b
311
2ss
314
314
312
321
546 1
477
525
528
571
52!)
317
326
319
314
341
333
1, 135
1,125
1 1.54
1,220
1, 182
1. 144
s;
I _-
207
274
268
278
276
286
25)
20'
1
li
V> 1, lt>2 1. :2i
Vil M6 > 1 161
"*~ 1.16" 1 .172
1, 5X2
1 5M)
.01 1*241 1 02S
30!
.31
31''
2SM
271
27S
SS )
Xhl
74.3
1. For description of 1948 change in industry classifications, see SURVEY OF CURRENT BUSINESS, October 1951.
"o
2,871
2. SU
2.714
2. S60
2. 751
2. 900
.3 If,
.570
,55s
3 1M
.373
370
211
?!
1
4, 956
o, 9S6
9, S5M
10,252
10,012
10,218
460
1SS
I
•ll
244
2»3
127
40 i
50 S
49s
47^
4s2
510
53s
554
50 S
.174
0 51
070
OS ,
745
2s >
do i >ir
i7(> i.r-
>46 l'.317 l!o21
228
246
285
207
302
330
1 5'<2 1,0x1
1. V>2 1 . 7 ; ;
1,47s 1, 71"
1. 110 i , ' > 2
1 75"
1 77s
410
400
368
37*
387
422
,7''
1 .,15
.M
72!
~22
~)4|
1 ,i' 1 s >.
1 MM i 1 . - "'
1 h()N
1. 172 1. >-.'
398
398
455
411
41,3
414
^ l ! l 7 . I J 22
1 ] ifs
1
, 44 "
,51
M.3
»'»
-V
) r i. vr i! 02
) ) 7 1. Its
"12 1. 11 Oil!
"1 1 . 4 5i . s r i
407
413
' 900
993
931
90)
930
270
21
2 ,!
25)
255
"I.1
0)>
I'n >
02,
"l" i!,117 2, 0 )
1,110
1,104
912
90 )
955
247
07',
25^
l!ll^
1,12s
1,129
44
S5M
251
253
hll
017
050
03')
~")1
"1
').
"27
'34
"37
1.1H
l.lli
1. H
1. "47 2,012
1. 491 l . s i I,4s2 1,91 i
408
402
400
407
402
409
061
081
09s
657
6" 1
"5x
"0)1
"37
" )7
"43
"77
1.542* 1 , 9 , 4
1,501 1 ')!•%
1 , 1 ) , 2, 0 ) ) l
1,612
1,515'
1,0).
377
388
427
42,3
24',
945
98 J
932
942
24
2 >
257
4MO
42J
l.')2
305
1
ource: U. S. Department of Commerce, Office ot Business Economics.
SURVEY OF CURRENT BUSINESS
December 1U53
aro removed a *'seasonally adjusted" series is obtained which
more nearly represents the underlying trend of sales.
Seasonal patterns can change over a period of years due
to many factors such as the introduction of new products,
innovations in merchandising or changes in buying habits.
The period since 1945 has been one of marked change in tiiis
respect, with seasonal patterns differing in. many lines from
prewar customs and changing with the shift from a peacetime economy to one of partial mobilization. To try to take
account of these shifts seasonal factors have been reviewed
for the years 1946 forward. For many industries and lines,
the advent of Korean hostilities has necessitated a completely
9,"
different set of factors from those used in the earlier postwar
period. Other developments were of type which affected
only specific industries—-e. g., the rapid growth of television
and air conditioning.
Where systematic tendencies were found, the series were
adjusted for seasonal variations by dividing the unadjusted
value for a given month by factors which measure the extent
to which a month typically exceeds or falls below the monthly
average for the year. These factors were derived by first
estimating the trend in the series by computing a centered
12-month moving average. Median values of the ratios of
Table 6.—Manufacturers' New Orders 1948-52 1
[Millions of dollars; adjusted for seasonal variation]
Durable goods industries
Tot til
manufacturing
Year and month
1948: January
February.
.-
April
Mav
Juno .
1949: January
February
March
April
Mav
June
1950: January
February
March
April
Mav
June
_._
- .-
.. . . - _ . _
-
July
August
September
October
November
December
.
.. -
...
..
._
1951: January
February
M arch
April
May
June
Julv
\ ugust
September
October
NovemberDecember. .
_
1952: January
February
M arch
April
Mav
June
Julv
August
September
October
November
December
16, 895
16,909
17 370
17,580
16,592
18, 360
7, 085
7, 075
7, 492
7,618
6, 923
8. 183
1,341
1,308
1,420
1,277
1, 208
1, 587
805
867
892
1, 099
722
910
680
541
786
745
769
733
1, 170
1, 121
1, 163
1,248
1, 192
1,326
1,355
1,416
1, 423
1, 392
1,327
1,826
1, 822
1,808
1,856
1, 705
1,802
7, 620
7, 570
1,474
1,470
1, 549
1,485
1, 834
1, 689
833
820
790
797
784
789
826
761
773
758
762
767
1.204
1,218
1, 187
1,141
1, 132
1, 138
1,462
1,489
1, 464
1, 450
1, 450
1,537
1,820
1,812
1. 805
1, 679
1,718
1, 547
6,329
6. 145
6,241
1,408
1,416
1,230
974
959
1,081
698
681
711
657
466
681
605
676
680
539
595
640
910
1,126
1,088
1,036
1,115
1,054
1,114
1,410
1, 399
1, 459
1, 516
1, 265
1, 593
1,601
1,626
1, 557
1,493
1, 521
834
1, 166
936
978
1, 373
1, 438
634
677
786
723
748
693
617
646
836
681
644
730
1, 006
1,028
1, 049
1,019
935
984
1,462
1,497
1, 651
1, 505
1, 554
1,179
1,316
1, 654
1, 735
1, 715
1, 897
2,017
9, 133
6, 669
6, 992
6, 621
7.151
7,041
7,514
8, 081
8, 198
9, 434
10, 083
1,277
1, 376
1, 439
1,478
1, 618
1,908
764
814
863
927
1, 074
1,124
746
776
877
738
942
1, 094
1, 226
1, 245
1, 349
1, 338
1, 467
1,463
1, 668
1,425
1. 543
1, 734
2, 132
2, 219
1,787
1,877
2,010
1, 983
2, 200
9, 175
9,531
9, 536
9, 568
10, 435
10, 420
1, 235
1, 460
1, 161
1,241
1,345
1,372
1, 003
1, 687
1,602
1, 185
1, 145
1, 288
1, 770
2,195
1, 995
2,008
1, 963
2,278
3, 207
3,718
2,827
3,019
2. 027
2, 464
2, 384
2,814
2, 344
2, 485
2, 667
2, 479
12, 114
12, 183
11, 164
12, 167
1, 838
2,386
2,108
1,914
1,875
2, 285
15, 458
14, 331
15, 199
13, 158
13, 406
12, 409
2,072
2, 082
2,344
2, 253
2, 249
2, 093
1.590
1,820
1,464
1,272
1,323
1,192
1, 650
1,575
1,642
1,391
1,401
1, 293
2, 582
2, 881
2, 545
2, 405
2,472
1,925
4, 406
3,229
4,354
3,277
3, 365
3, 280
2, 850
2, 559
2, 595
2, 626
11,999
11.427
2, 101
2, 046
1, 734
2, 293
1, 761
1, 790
9fil
1,040
1,028
1,177
1,291
1, 148
1,282
1,310
1,161
1,289
1,365
1, 242
2, 294
2,284
1, 908
2, 130
2, 091
2,011
3, 315
2, 366
2, 468
2, 996
3, 149
2, 328
2, 046
2,381
2, 009
2, 356
2,173
1,882
1, 940
1,878
1,747
2, 1 59
1, 804
1, 269
1,112
1, 049
1,022
1, 206
1,148
1,149
1,115
1,354
2,284
1,319
1, 233
1, 523
1,964
2, 006
1, 726
1,949
1, 742
1,924
2, 603
2, 575
3, 55S
3,471
2, 831
4,191
1,358 1
1,925 i
1,950
2.034
2, 018
2, 006
1, 138
1, 156
1,216
1, 143
1, 142 !
1,125 !
1, 376
1, 183
1, 419
1, 352
1, 273
1, 522
1, 991
1,727
1, 943
1, 873
1, 874
1,878 !
2, 853
2,211
3, 407
2,789 !
2, 769
3,752
23 551
26, 442
23, 200
22, 873
22, 124
24, 145
28, 639
26 985
27, 548
24, 642
24, 964
23, 425
.
7, 5n9
7,310
7, 6-0
7, 466
6,911
6, 735
6.223
5,870
7,468
11,437
14, 260
12, 037
11,852
11,023
21,400
22, 738
23 144
23, 865
24, 360
22, 876
24, 175
_
__ _.
10, 402
11,183
23, 816
23. 422
_
10, 309
12, 241
21,679
._ . __ _
_-
_ . ..
23, 21 1
22 532
. _
_
__
.__
23 377
22, 177
24, 613
24, 164
23, 254
24, 946
11,829
11, 254
12, 547
12, 589
11,158
12, 585
11,335
10, 613
12, 570
11,705
11,549
12,732 !
1, 733
2,277
9,810
9, 834
9, 878
9, 962
9, 669
10, 176
With
unfilled
orders 3
2, 290
2. 389
2, 554
2, 336
2,224
2, 459
Other *
7, 520
7, 444
7 323
7 626
7 445
7. 717
10.015
10.081
2,228
2,294
9,492
2,078
7. 620
7,788
7.786
7, 629
7. 640
7,414
2, 063
1, 936
2,116
1,998
2, 131
2, 066
7,140
7, 247
7,327
7,282
7,061
7,076
2, 239
2, 510
2, 670
2, 201
2, 276
2, 225
6, 894
7,172
7, 173
7,050
6, 977
6,829
2,428
2,524
2,249
2,242
6,747
7,007
7,287
7, 326
7,599
7, 643
9, 836
9. 683
9, 830
9, 203
9, 183
9, 443
9,280
9,192
9, 143
9,682
9,843
9. 251
9, 253
9, 054
11,020
11,101
11,978
2,216
2, 055
2,191
2, 836
2,777
3,711
3, 510
2,888
2, 755
2, 825
3,181
8, 403
8, 673
8, 275
8, 265
8.276
8.797
4,028
3,774
9.153
8, 880
8, 882
8,654
8, 856
8, 604
2, 464
2,416
11, 574
2,345
2, 51)3
8,748
8,689
8, 746
8, 982
9.027
8,741
2, 450
2, 391
2,210
11, 554
11,890
11,318
11,771
2, 40:)
2, 529
11, 718
11, 590
2, 662
2, 828
2, 450
2, 043
2, 879
2, 813
8,892
9, 052
8, 838
9,128
8, 8 10
8, 777
2, 620
2,411
2, 635
2,514
12.042
3, 097
12,043
8,916
8, 710
9, 227
9,551
9, 071
9, 285
3, 15S
2,744
2, 4SS>
2,474
2, 45!)
1. Seasonally adjusted new orders are not available prior to 1948.
2. Includes professional and scientific instruments, lumber, furniture, stone, clay and glass and miscellaneous industries.
3. Includes textiles, leather, paper, and printing and publishing industries.
4. New orders for this group which includes food, beverages, apparel, tobacco, chemicals, Petroleum and rubber, are considered as equal to sales.
Source: U. S. Department of Commerce, Office of Business Economics.
281 .'500°
Total
16, 643
17, 045
17,617
17, 766
19, 869
20 503
.. . . ,
.
. ...
Other 2
15, 003
16, 351
16, 835
15, 872
16, 404
16, 095
. --_
-
July
August
September
October
November
December
Fabricated Electrical Nonelec- Transportrical
tation
machinery machinery equipment
metals
15, 532
16, 094
16, 178
15. 502
15 337
15, 384
..
------
-
Primary
metals
17, 455
17, 585
17, 650
16. 993
17,510
16, 958
._
July
August
September
October
November
December
Total
Nondurable goods industries
13, 181
12, 654
12,349
11,484
11,558
11,017
11,212
11, 105
11,091
3, 465
2, 830
2, 702
2, 413
11,593
11,278
11, 554
12, 459
11, 705
12, 214
2,854
2, 816
2, 908
2, 634
2. 92!)
SURVEY OF CURRENT BUSINESS
26
December 3953
Table 7.—Wholesale Sales, Annually, 1949-52; Unadjusted Monthly, 1950-53; and Seasonally Adjusted Monthly, 1946-53
[Millions of dollars]
All wholesale trade
Merchant wholesalers
Durable goods
Year and
month
Durable
goods
Total
1949, . ..
1950
1951 . ..
1952
24. 695
34. 196
37, 626
35, 974
88, 252
103, 896
113,168
112,325
Nondurable
goods
63, 557
69, 700
75. 542
76. 351
Total
Total
24. 695
34. 196
37, 626
35, 974
73, 882
88, 662
95, 540
94, 783
LumElecAuto- ber and trical
buildmotive ing ma- goods
terials
3, 924
5, 077
5, 388
5,187
5, 479
7, 650
8, 084
7, 605
Hardware
1,818 i
2, 407
2,533 i
2, 392
4,288
6, 185
6, 250
5, 981
Nondurable goods
House
furnishings
1,238
1.814
1,689
1,683
Ma-
Jewel- ch nery Total
and
ry
metals
Appar- Beers,
el and wines,
dry
and
goods liquors
Drugs
and
sundries
Food
Paper
and
products
Tobacco
products
All
other
7, 262
10. 236
12, 854
12, 327 !
686
827
828
799
49, 187
54,466
57, 914
58,809
4, 855
5, 592
5,498
5,436
4,075
4,333
4,423
4,635
1,386
1,497
1,660
1,755
18,095
19,383
20, 869
21,717
1,735
2, 266
2,678
2,461
2,486
2, 651
2.737
2,888
16,555
18,744
20, 049
19,917
Unadjusted
136
141
178
169
189
197
108
117
142
125
137
139
32
42
53
51
62
53
598
618
711
675
780
848
3, 940
3, 784
4, 246
3, 859
4, 267
4, 559
355
396
458
360
388
391
250
262
322
295
354
375
125
111
131
110
119
120
1,404
1,341
1,550
1,520
1,698
1.812
158
152
166
160
169
185
186
187
216
204
228
236
1,462
1,335
1,403
1,210
1,311
1,440
575
653
604
618
563
619
222
265
236
239
219
216
140
208
176
195
171
156
57
87
90
100
100
100
864
1,067
991
1,098
972 i
1.014
5.014
5, 450
4, 857
4.861
4. 771
4,858
490
724
641
592
474
323
447
446
349
362
376
495
119
132
134
137
133
126
1.849
1,808
1,582
1,571
1,581
1,667
175
219
212
231
224
215
234
245
223
219
227
246
1,700
1,876
1.716
1,749
1,756
1,786
645
592
755
764 i
762
705
655
592
608
480
463 |
436
252
225
246
211
210
198
188
181
188
166
131
111
58
67
79
57
56 i
48
1,045
961
, 095
, 079
, 103 1
. 075 i
5, 195
4,646
4, 886
4, 556
4. 993
4, 691
546
509
512
403
401
363
364
325
318
307
353
367
1, 801
154
1,581
131
148
1,637
1,620
133
136 ! 1. 896
130 j 1, 835
258
223
243
222
236
226
214
203
224
215
244
242
1,858
1,674
1,804
1,666
1, 727
1 . 52.8
427
470
433
480
424
361
638
724
663
727
620
489
396
459
541
564 i
546
510
179
204
198
233 !
206
171
87
118
118
149
136
116
41
67
80
90
92
93
4, 5f,4
998
, 146
5, 120
,092
4. 623
5, 142
. 185
, 067
4,889
.008 ! 4, 599
396
576
518
516
475
283
360
332
340
474
372
461
131
139 !
134 !
152 !
146
126
1,724
1,814
1.621
1,800 !
1,807
1,733
198
232
202
242
215
181
230
251
217
247
216
234
1, 525
1,726
1,591
1,711
1,658
1,581
2.620
2.709
2, 809
3,018
2, 951
2.982
372
383
388
436
435
450
480
529 !
566
660
661
662
428
453
444
435
444
493
176
180
188
199
197
195
122
136
139
155
143
135
39
56
55
M
54
49
1,003
972
1,029
1,079
1,017
998
4, 813
4, 571
4.641
4, 573
4. 587
4.886
366
413
405
395
376
377
316
306
336
355
366
386
157
145
145
142 i
136
136
1, 822
1,632
U696
1, 750
1,818
1,849
213
198
207
208
198
185
216
213
220
240
253
251
1,723
1.664
1,632
1,483
1,440
1,702
8. 253
7, 893
8,398
8. 951
7, 898
8, 230
2.972
2, 895
3. 259
3, 552
3, 068
3. 139
401
389
477
551
462
443
676
685
731
776
617
562
539
482
549
590
534
590
191
197
224
243
200
202
122
131
149
167
140
144
44
66
83
96
93
110
999
945
, 046
1. 129
1.022
, 08-8
5, 281
4, 998
5.139
5, 399
4, 830
5, 091
431
571
606
617
465
414
422
381
389 i
436 !
408
534 i
141
137
156
164
145
151
:
1,943
i
'
'
1,792
1,814
1.967
1,780
1,854
185
201
221
234
203
208
264
244
244
250
223
270
1 , 895
1.672
1,709
1,731
1, 606
1,660
35
48
4, 5*2
4, 289
4,945
4,712
4,630
5. 049
427
428
473
418
399
397
310
323 1
379
373
388 i
405 '
176
154
153
146
139
145
1,719 \
1 , 566 i
1,840
1,774
i 1,799
| 1, 944
210
192
220
216
205
200
214
216
226
246
247
260
1,496
1,410
1,654
1,539
1,453
1,689
149
144
164
165
2, 033
1 , 747
1,825
1,838
216
233
235
232
270
247
255
249
1,732
1,549
1,575
1,640
1,894
2, 046 j
2. 432
2, 383
2.717
2, 850
4,947
4, 700
5, 328
4,902
5, 486
5, 869
5. 834
1,894
5, 830 : 2. 046
6. 678
2. 432
6.242 ; 2, 383
6, 984 i 2,717
7,409
2, 850
297
304
346
353
406
441
395
422 i
531 i
583
675
715
328
402
471
427
468
457
3. 105
3. 060
3, 330
3, 506
3. 144
3, 129
6,526
6,972
6. 198
6, 271
6, 231
6, 270
8, 119
9, 1 10
8,187
8. 367
7,915
7,987
3, 105
3, 660
3, 330
3, 506
3. 144
3, 129
495
544
485
501 !
450
455
752
836
748
755
669
569
3, 348 i
3, 075 j
3. 439
3,217
3, 170
3, 031
6, 682
5, 900
6,294
6,013
6, 570
6, 082
8, 543
7, 721
8. 325
7, 783 1
8, 163
7,722 |
3, 348
3, 075
3, 439
3, 217
3, 170
3, 031
505
457
468
460
445
458
2, 766
3, 188
?, 125
3. 428
3, 091
2.748
6.068
6,720
6,092
6. 695
6, 388
6, 038
7, 330 ! 2. 766
8, 308
3. 188
7.748 i 3.125
8, 570
3, 428
7,980
3. 091
2.748
7, 347
8,877
8. 592
8,753
8, 864
8, 836
9,492
2, 620
2, 709
2, 809
3,018
2, 951
2,982
6 257
5, 883
5, 944
5. 846
5, 885
6,510
7, 433
7,280
7, 450
7. 591
7. 538
7, 868
10,188
July
9,411
August
September. 9, 855
10, 482
October
November. 9, 332
December.. 9, 643
2, 972
2, 895
3, 259
3, 552
3, 068
3, 139
7, 216
6, 516
6. 596
6, 930
6, 264
6, 504
1950: January
February
March.:...
April
Mav
June .
6, 841
6. 746
7. 760
7, 285
8, 203
8,719
1
I
i
1
i
|
July
9,631
10, 632
August
9, 528
September
October.... 9,777
November. 9, 375
9, 399
December.
1951: J a n u a r y . . . . 10,030
February.. 8, 975
9, 733
March .
9, 230
April
May
9,740
9, 113
June
8, 834
July
9, 908
August
September.. 9,217
10, 123
October
November. 9,479
December.. 8, 786
1952: January
February. _
March
April
May
June
1
!
j
i
i
I
'
1953: January
February..
March
April
May
June _
8,474
8,242
9,398
9, 270
9,014
9,917
2, 687
2, 862
3, 184
3, 288
3, 079
3, 223
5, 787
5, 380
6. 214
5, 982
5, 935
6, 694
7, 239
7,151
8, 129
8, 000
7,709
8,272
2, 687
2,862
3, 184
3. 288
3, 079
3. 223
423
459
466
532
452
489
502
504
596
660
644
721
445
508
556
514
489
529
166
183
214
217
209
215
129
147
168
167
157
143
54
54
48
987
,013
,122
.144
.074
,078
Julv
August
September.
October
10, 186
9,386
9, 759
9, 933
3. 150
3,096
3,296
3, 344
7, 036
6, 290
6, 463
6,589
8,447
7. 955
8,329
8, 394
3, 150
3, 096
3, 296
3. 344
521
498
481
485
704
678
695
713
540
492
585
559
204
196
219
226
122
133
155
163
41
61
80
88
.018
5. 297
4. 859
03*
,081 li 5,033
,110
5.050
467
551
557
514
430 1
388 i
422 i1
412
178
188
212
216
221
234
227
222
218
227
246
244
129
118
116
133
142
152
98
105
108
111
120
132
63
68
72
89
94
92
62
60
60
59
64
67
409
406
413
442
458
508
3,236
3, 264
3, 260
3, 372
3.540
3, 537
370
376
412
431
474
502
326
365
343
340
372
364
97
108
106
109
108
102
1. 155
1, 126
1,127
1, 193
,195
, 115
86
83
88
95
105
104
188
188
184
186
184
186
1,014
1,018
1,000
1,018
1,102
1,164
:
i
;
;
Seasonally adjusted
5,242
5, 268
5, 294
5, 483
5,701
5, 817
1.166
1,167
1.199
1. 277
1,345
1,429
4,076
4,101
4. 095
4,206
4.356
4, 388
4,402
4, 431
4, 459
4, 649
4, 885
4, 966
1
1,166 !
1,167
1,199
1,277
1,345
1,429
6,112
6,307
6, 333
6, 593
6, 676
6,911
1,495
1,550
1, 600
1,662
1,744
1, 916
4,617
4. 757
4.733
4, 931
4, 932
4, 995
5, 154
5. 288
5, 336
5.595 i
5, 656
5.830 |
1,495
1,550
1,600
1,662
1, 744
1,916
232
234
257
266
285
300
273
288
301
315
344
421
177
191
195
211
230
284
132
136
140
156
153
158
98
93
92
93
92
84
66
76
75
70
66
75
517
532
540
551
574
594
3.659
3, 733
3,736
3, 933
3,912
3,914
486
479
507
567
570
564
354
384
416
382
368
368
103
99
101
105
103
109
,198
,292
.238
.358
,361
.300
114
112
115
122
123
124
191
192
195
210
204
205
1,213
1,180
1,164
1,189
1,178
1,244
1947: January
February..
March
April
May..
June
7, 013
7,029
6,990
7, 068
7,245
7,122
1,966
1,985
1,975
2. 036
2,122
1, 987
5, 047
5, 044
5,015
5, 032
5,123
5, 135
5,912
5, 903
5, 847
5, 940
6,143
6,010
1. 966
1,985
1,975
2, 036
2, 122
1,987
316
318
335
327
310
303
442
455
399
373
364
367
257
282
286
340
336
319 ]
144
151
162
156
160
155
109
94
82
98
103
108
71
71
67
71
69
75
627
614
644
671
780
660
3, 946
3,913
3, 872
3, 904
4,021
4,023
541
497
480
462
472
453
330
332
355
349
339
352
108
111
114
116
109
104
,303
.329
,317
,309
,321
, 334
131
133
135
143
149
152
220
210
195
198
195
196
1,308
1,306
1,276
1,322
1, 436
1,427
July
._..
August
September.
October
November.
December..
7,291
7,196
7,370
7, 653
7,693
7,810
2, 061
1,971
2,013
2,136
2,198
2,219
5, 230
5, 225
5, 357
5, 517
5, 495
5,591
6,139
6,019
6, 163
6,444
6,470
6, 554
2,061
1,971
2,013
2,136
2, 198
2,219
302
287
313
315
347
325
378
401
424
457
476
513
310
291
283
304
317
353
153
156
161
174
174
164
105
117
122
127
120
110
80
76
66
72
74
72
733
643
644
687
690
682
4,078
4,043
4, 1.50
4, 303
4,272
4, 335
452
435
450
505
527
499
349
357
357
354
340
328
110
105
112
124
120
117
.323
,313
,417
1,510
1,423
1.477
165
147
166
168
162
170
202
203
204
210
207
203
1,477
1,488
1,444
1,437
1,493
1,536
1946: January
February __
March
April
May .
June
Julv
August
September .
October
November.
December. .
I
SURVEY OF CURRENT BUSINESS
Dec-ember lt)53
27
Tahlt* 7.—Wholesale Sales, Annually, 1949-52; Unadjusted Monthly, 1950-53; and Seasonally Adjusted Monthly, 1946-53—Continued
[Millions of dollars]
Merchant wholesalers
All wholesale trade
Nondurable goods
Durable goods
Year and
month
Total
Durable
goods
Nondurable
goods
Total
Total
LumElecAuto- ber and trical
buildmotive ing ma- goods
terials
Hardware
House
furnishings
MaJewel- chinery Total
and
ry
metals
Beers,
Appar- wines,
el and
and
dry
goods liquors
Drugs
and
sundries
Food
Paper
and
products
Tobacco
products
All
other
Seasonally adjusted— Continued
1948: January
February ..
March
April
May
June _ _ -
8,062
7,841
7,780
8,011
7,787
7, 957
2,279
2,226
2, 243
2, 361
2,272
2,293
5, 783
5,615
5, 537
5,650
5,515
5, 664
6, 787
( , 562
f , 550
(,804
( , 568
, 662
2, 279
2,226
2,243
2, 361
2,272
2. 293
318
314
341
346
332
332
532
514
474
487
473
472
354
330
351
402
393
378
169
167
163
178
166
164
108
107
101
111
114
113
73
73
77
77
72
74
725
721
736
760
722
760
4,508
4, 336
4,307
4, 443
4, 296
4,369
490
477
487
513
516
500
381
348
342
345
338
347
114
115
113
121
112
113
1,625
1,505
1,552
1, 652
1,541
1,589
159
164
161
162
154
162
209
211
208
209
201
206
1,530
1,516
1,444
1,441
1,434
1,452
July
August
September.
October
November.
Decembcr..
8,118
8,118
7,984
7,858
7,781
7,742
2, 324
2,411
2, 297
2, 309
2, 219
2, 132
5, 794
5, 707
5, 687
5, 549
5, 562
5, 610
( , 797
, 797
( , 692
, 561
,486
,448
2, 324
2,411
2, 297
2, 309
2, 219
2, 132
348
349
342
355
353
347
494
532
520
519
478
455
376
379
363
371
373
352
167
178
161
171
163
153
121
111
112
112
110
113
70
64
59
60
59
58
748
798
740
721
683
654
4,473
4, 386
4, 395
4,252
4, 267
4,316
497
475
482
463
413
385
339
339
331
324
326
312
114
112
113
115
111
106
1,586
1,580
1, 584
1,518
1,551
1, 564
158
155
157
151
161
160
207
208
214
213
217
220
1,572
1,517
1,514
1,468
1,488
1,569
1949: January
February ..
March
April
May
June
7,538
7,518
7, 629
7, 608
7, 536
7, 405
2,087
2,064
2, 096
2,104
2, 107
2, 033
5, 451
5, 454
5, 533
5, 504
5. 429
5, 372
,291
, 305
, 397
, 378
, 332
, 223
2,087
2, 064
2, 096
2, 104
2, 107
2, 033
326
315
314
328
333
321
462
458
458
482
458
453
347
336
330
355
379
363
157
146
152
154
160
150
97
104
100
101
98
99
61
57
61
65
60
56
637
648
681
619
619
591
4,204
4,241
4. 301
4, 274
4, 225
4,190
403
413
416
433
418
399
342
347
352
327
351
351
111
112
111
116
120
118
1,516
1, 543
1,617
1, 563
1,505
1, 537
144
147
149
141
135
141
217
210
214
207
206
200
1,471
1,469
1,442
1,487
1,490
1,444
July
August
September.
October
November.
1 December. _
7, 080
1, 944
2, 030
2. 058
2, 060
2, 066
2,007
5, 136
5, 228
5, 254
5, 126
5, 267
5, 099
,913
, 068
,120
, 998
, 149
, 930
1,944
2, 030
2, 058
2, 060
2, 066
2, 007
334
335
345
340
332
309
405
436
452
460
478
426
344
366
348
367
378
380
146
146
153
155
150
151
87
98
109
108
117
116
49
54
55
55
55
57
579
595
596
575
556
568
3, 969
4, 038
4, 062
3, 938
4, 083
3, 923
408
389
433
405
351
373
338
332
339
339
340
331
119
116
116
116
114
120
1,393
1,479
1,503
1,458
1, 543
1,445
140
147
145
139
156
152
207
210
204
202
208
203
1,364
1,365
1,322
1,279
1,371
1,299
7. 258
7,312
7, 18(5
7, 333
7, 106
1960: January
February. March
April
May
June
7,712
7,811
8, 173
8,506
2, 172
2, 279
2, 358
2, 455
2, 668
2, 785
5, 307
5, 357
5, 354
5, 356
5, 505
5, 721
,348
,487
, 553
, 622
, 933
7, 261
2, 172
2, 279
2, 358
2, 455
2. 668
2, 785
329
332
354
364
395
424
483
523
528
584
628
664
390
423
440
478
491
460
160
158
164
176
184
193
123
125
132
137
138
140
54
50
55
59
66
67
633
668
685
657
766
837
4, 176
4,208
4, 195
4,167
4. 265
4, 476
402
417
414
424
430
445
321
322
338
328
343
353
117
118
118
118
121
124
1,462
1, 512
1,572
1,580
1, 601
1,674
154
164
168
165
173
186
208
211
216
214
218
222
1,512
1,464
1,369
1,338
1,379
1,472
July
August
September.
October
NovemberDecember .
9. 462
9,931
9,119
9,216
9, 141
9, 719
3, 276
3, 500
3,115
3, 165
3, 061
3,312
6, 186
6, 431
6. 004
6,051
(i. 080
6, 407
8,214
8, 574
7, 800
7, 868
7, 736
8, 275
3, 276
3, 500
3, 1 15
3, 165
:i, 061
3,312
502
490
453
463
458
508
742
753
681
672
657
696
603
648
563
569
531
579
241
255
217
214
209
24!
167
199
160
170
156
165
88
88
73
77
72
71
933
1,067
968
1 . 000
978
1,052
4, 938
5, 074
4, 694
4, 703
4, 675
4, 963
598
549
502
483
447
479
458
446
354
359
346
384
130
131
127
132
129
140
1,783
1,765
1,602
1,571
1,570
1 , 682
192
209
200
206
222
222
229
233
221
222
229
234
1,548
1,741
1,688
1,730
1,732
1,822
1951: January.. _ . 10, 685
February. . 9, 984
March
9, 710
April
9, 670
9, 710
Mav
9, 004
June _
3, 739
3, 399
3, 380
3, 213
3,105
3, 000
6, 946
(i, 585
6, 330
6, 457
6,605
6. 004
9, 070
8, 483
8, 223
8, 081
8,118
7,674
3, 739
3, 399
3, 380
3, 213
3, 105
3, 000
547
500
482
466
432
445
756
730
764
757
711
667
761
623
583
515
485
448
283
252
232
215
204
198
207
177
176
1 56
132
' 112
94
80
81
66
60
61
1,091
1,037
1, 062
1,038
1,081
1, 069
5, 331
5, 084
4,843
4,868
5, 013
4,674
574
518
472
452
445
431
407
386
347
361
371
368
139
139
137
140
139
137
1,851
1,778
1, 665
1,676
1,787
1,703
251
241
245
228
241
227
231
229
225
226
234
227
1,878
1,793
1,752
1,785
1,796
1.581
July
August
September .
October... .
November.
December. -
8,519
9, 247
9, 053
9, 309
9, 304
9,129
2, 883
3, 067
3, 012
3, 021
3, 029
2, 906
5, 636
6, 180
6,041
6, 288
6, 275
6, 223
7,288
7,815
7, 609
7, 825
7. 858
7, 657
2, 883
3, 067
3,012
3, 021
3, 029
2, 906
427
422
414
431
431
405
621
651
629
623
609
599
405
457
518
511
518
477
190
197
190
200
196
191
105
129
112
126
134
123
64
68
68
66
66
66
1,071
1, 143
1,081
1. 064
1,075
1,045
4, 405
4,748
4, 597
4,804
4, 829
4,751
460
433
451
406
451
439
359
358
355
353
371
390
141
138
133
141
142
140
1,648
1,768
1,655
1, 787
1,795
1,749
218
221
191
216
213
187
224
239
224
242
217
222
1,355
l'591
1,588
1,659
1 , 640
1,624
1952: January
February. _
March
April
May
June
9, 477
9,444
8, 929
9, 132
8,888
9, 453
2,900
2,922
2, 833
2, 937
2,927
2, 999
6, 577
6, 522
6, 096
6, 195
5, 961
6, 454
7, 901
7,888
7,541
7,724
7, 565
7,888
2, 900
2, 922
2, 833
2, 937
2,927
2, 999
404
408
412
434
428
445
560
626
594
628
624
642
493
470
435
458
473
507
198
192
185
194
195
199
134
127
136
140
145
141
63
65
59
60
58
65
1,048
1,034
1,012
1,023
1,004
1,000
5, 001
4, 966
4,708
4,787
4, 638
4,889
399
433
427
431
444
456
389
358
369
375
360
377
141
146
139
143
142
146
1,884
1,828
1, 734
1,802
1, 731
1,725
207
214
209
214
202
186
233
231
228
243
243
245
1,748
1.756
1,602
1,579
1,516
1,754
July . ...
August
SeptemberOctober....
November.
December.-
9, 649
9, 035
9, 380
9, 726
9, 360
9, 665
3,016
2,892
3,013
3, 128
3, 138
3, 197
6, 633
6, 143
6, 367
6, 598
6, 222
6, 468
8, 000
7, 672
7,957
8, 263
7, 969
8, 230
3,016
2,892
3,013
3, 128
3, 138
3, 197
390
361
435
495
489
476
630
655
665
641
657
539
498
503
533
528
529
195
202
202
209
204
211
140
148
137
141
144
147
65
69
67
71
70
75
1,057
964
1,014
1,014
1, 062
1,102
4,984
4,780
4,944
5, 135
4, 831
5, 033
458
486
456
470
465
499
393
382
390
413
395
401
145
144
145
153
150
157
1,843
1,764
1,830
1,953
1, 782
1,855
203
192
209
209
201
215
247
242
242
245
233
247
1,695
1,570
1,672
1,692
1,605
1,659
1953: January
February..
March
April
May
9, 172
9, 295
9 471
9,548
9, 155
3,011
3,161
3, 164
3, 204
3, 103
6, 161
6, 134
6, 307
6, 344
6, 052
7, 803
7,951
8, 120
8,142
7, 823
3,011
3, 161
3, 164
3, 204
3, 103
462
502
486
528
449
597
624
617
627
624
524
535
534
541
522
191
205
205
212
212
142
144
163
150
165
56
57
66
60
60
1,039
1,094
1,093
1,086
1,071
4, 792
4,790
4, 956
4, 938
4,720
488
469
475
462
472
385
395
414
395
394
162
163
144
147
148
1,778
1, 765
1, 862
1. 827
1,715
204
208
222
222
209
231
244
235
248
246
1,544
1, 546
1 604
l', 637
1,536
June
July
August
September.
October
9 709
9, 563
8,998
9, 291
9,259
3, 160
3, 153
3, 092
3, 051
2,982
6, 549
6, 410
5, 906
6, 240
6, 277
8, 132
8,118
7, 725
7,897
7,788
3, 160
3, 153
3, 092
3, 051
2,982
471
502
465
443
441
672
647
644
622
620
534
530
508
534
516
210
203
201
197
198
145
140
151
143
138
61
61
64
65
65
1,067
1,070
1,059
1,047
1,004
4,972
4, 965
4,633
4,846
4,806
457
475
462
420
411
384
401
391
423
396
150
151
152
153
157
1,804
1, 926
l!719
,1843
1, 788
210
237
222
222
207
245
253
245
252
244
1,722
1 522
1*442
1,533
1,603
7, 479
7, 636
(550
Source: U. S. Department of Commerce. Office of Business Economies.
28
SURVEY OF CURREXT BUSINESS
flic actual unadjusted values to the trend were taken as the
factors.
While these factors allow for changes due to periodic variations in demand, for recurring* holidays and the average
length of month, they do not in many cases take full account
of the varying incidence of the number of Saturdays and
Sundays in a specific month. A further adjustment was
therefore made when statistical tests or external evidence
found this factor significant.
The statistical procedure used for this purpose was as
follows: The postwar months were segregated into 4 groups;
months having four Saturdays and Sundays—which was
considered as the "standard" month, months with 4 Saturdays and 5 Sundays, months with 5 Saturdays and 4 Sundays,
and months with 5 Saturdays and 5 Sundays. The ratios of
the seasonally adjusted sales to the moving average of sales
Dec-ember 11)53
for each month were computed and examined for systematic
differences between the four groups of months.
The approximate effects of an extra Saturday and/or
Sunday on the volume of sales or billings were measured by
s e t t i n g up functions in which X for Y) equaled the difference
added to or subtracted from the ratio of the "standard"
month because of the substitution of an extra Saturday
(Sunday) for a week day, and X + Y for an additional
Saturday and Sunday. The values for X and Y derived by
"lease squares" were then used to determine the number of
work days per month. In many series the values of X and Y
were not significantly different from zero, and no further
adjustment of the seasonally adjusted data was made. In
other cases, the seasonally adjusted totals were corrected
to eliminate variations due to changes in the number of
work do vs.
Residential Construction Activity and Financing
(Continued from page 20)
fifth of its income in servicing charges (table 6). The latter
groups would of course be most vulnerable to any dcterioriation of income. As has been pointed out, however, many of
these latter families were low- but fixed-income recipients,
retired persons on annuities and pensions who would not be
as greatly affected by generally adverse economic conditions
as the population generally.
Table 7 presents, in the left panel, distributions of all
conventional FHA and VA mortgages by ratios of principal
and interest payments to income. As may be seen in terms
of this ratio, FHA mortgagors were typically in the more
favored position with almost half the property owners using
less than 10 percent of their incomes for principal and
interest payments while fewer than 10 percent had payments
equaling or exceeding one-fifth of their incomes. VA mortgagors were found less frequently in the "under-10 percent"
group and somewhat more frequently in the "over-20 percent" class. The highest proportion in this latter category
was found among conventional borrowers, one-fifth of whom
made principal and interest payments representing 20 percent
or more of their incomes.
The right-hand section of table 7 is indicative of the conditions in mortgage finance in the 1949-50 period at the time
when, generally speaking, most favorable terms were granted.
It indicates the substantially higher proportions of servicing
charges to income for all types of financing. Since 1950 the
situation has changed, not only because of the higher incomes
being earned but because of the somewhat tighter conditions
introduced first with Regulation X and later with the change
in interest rate patterns and the relative availability of
Government-underwritten and conventional loans.
Summary
Although recent nonfarm housing starts were somewhat
below a year ago, they were still at a rate of 1 million a year,
high by almost any previous experience. The average post-
war housing unit has been smaller than prewar, reflecting in
part the smaller postwar family unit and, in part, a changed
structure of demand. The more recent changes in family
composition, if maintained, would seem to indicate an appreciable underlying demand for larger accommodations over
the near term—at least as long as economic conditions remain generally favorable. On the other hand, the major
backlog of demand carried over from the prewar and war
periods has been largely filled and there has been some
moderation in the growth of new households. Hence, problems of marketing will be more important in determining
volume.
Reviewing the outstanding debt picture, it does not appear
that the current volume of indebtedness would of itself be a
deterrent to high level housing activity. Mortgage debt has
risen greatly, but not unduly so when account is taken of
relevant economic considerations. The large postwar increase was not surprising in view of events in the thirties and
early forties, and the rising income and employment of the
postwar period. A part of the population may have undertaken more contractual obligations than its financial condition warranted, but in the overall picture, this segment does
not loom particularly large.
Mortgage debt may be expected to increase for some time
in the near-term future. The rise may well be more moderate 4
than in the recent past and should present no major difficulties as long as it is primarily associated with an increasingstock of dwelling units and business continues at an active
rate. The mortgage situation is, however, one which
deserves careful consideration. Although the debt burden
may not appear unduly heavy under present financial
circumstances, it could be greatly increased if incomes
decline. In such an event not only would the housing market
be directly affected, but the secondary effects of the relatively
high fixed charges would probably be felt in other' consumer
markets as well.
BUSINESS STATISTICS
I HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) and a dagger ( f ) , respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index:
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Data from private sources are
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
October
^^p™"
1953
December
January
aryU"
March
April
May
June
.1 uly
August
l So
^rm"
0(>tober
GENERAL BUSINESS INDICATORS
i
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total- _ - _ _
bil.ofdol .
Compensation of employees, total
do
Wages and salaries, total
do
Private
._ do
Military
...
_.
.do ...
Government civilian _
_
do
Supplements to wages and salaries
do_ .
Proprietors' and rental income, total 6". „ -do .
Business and professional a*
do
Farm _ _ _ _ _
_ .
do _
Rental income of persons
do
Corporate profits and inventory valuation adjustment, totaL_
. _bil. ofdol..
Corporate profits before tax, total. .. do_ .
Corporate profits tax liability.- _ ... do.
Corporate profits after tax ... .. ._ do _
Inventory valuation adjustment
do
Net interest
- .....
do_..
301.4
201 3
191 3
158.3
10.4
22.6
10.0
51.1
26.7
14.0
10 3
306.7
41.7
40.3
21.2
19.1
310.
208
198
164
10
7
0
0
5
6
43.8
44. 6
24.4
20 3
45
45
25
20
2
9
0
8
1.4
7.4
-.8
— 6
7 7
Gross national product, total
. . do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods. __ _.. _ - do
Services
_
do
Gross private domestic investment, total
bil. of dol
New construction-- __ . _
_do .__
Producers' durable equipment- - _ do
Change in business inventories
do
Net foreign investment ._ _ _ _. _ .do __
Government purchases of goods and services,
total
bil. of dol
Federal (less Government sales)
do
National security 9
do
State and local
. . .
do
361.1
362. 0
227 7
30 2
121 2
76 3
80.4
56.4
50 5
24.0
82
57
51
24
Personal income, total
. .do.
Less: Personal tax and nontax payments do
Equals: Disposable personal income. ._
do._
Personal saving§ _
._
do -
278.3
281
36
245.
17
204 5
194 5
161 3
10.4
22 8
10.0
50.8
27.0
13 4
10 4
99 q
10 0
49.7
27.0
I9 3
10 4
7 6
224.4
28 2
121. 1
75. 1
57.9
23.9
25.5
8.5
35.3
243. 0
18. 6
— 2.6
7 9
372
230
30
122
77
4
4
7
1
f]
369
231
30
121
79
61
25
26
8
— 2.
0
3
9
8
5
56 5
24 9
97 1
4 5
—2.1
4
4
6
9
83
58
58
94
5
9
5
p
83
58
52
25
6
4
1
">
6
2
4
7
284
36
247
17
4
7
7
2
286
87
249
18
8
0
8
8
T
54 0
25.0
26 2
2 9
-2.1
-1.6
210 4
200 6
166 9
10 5
23 1
9.8
49.1
26. 9
11 6
10 6
0
0
4
3
2
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
Government
do
Wage and salary receipts, totaldo
Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends, _do
Transfer payments
do
Less personal contributions for social insurance
bil.ofdol..
Total nonagricultural income
NEW PLANT AND EQUIPMENT
EXPENDITURES
do
277.3
190.2
84.7
50 0
22 4
33 1
186. 6
5 0
51 4
21.3
13. 3
277.2
191.4
85. 6
50 0
22. 5
33 3
187.8
5. 1
50 0
21.4
13. 1
280. 6
192. 5
87.0
50 1
22 6
32 8
188. 7
5 1
51 8
21.5
13. 6
280 5
192.8
86.8
50 2
22 7
33 1
188 8
5 1
51 6
21.6
13 5
281 0
194.6
88.0
50 6
22 8
33 2
190. 9
5 1
50 2
21. 7
13 3
3.9
3.8
3.9
4.1
3.9
258 0
950 1
261 6
°61 1
9(53 3
283 6
196. 2
88.8
50 9
23 2
33 3
192 4
5 1
50 7
21.9
18 7
?82 7
196. 6
88.8
51 0
23 4
33 4
192 8
51
49 4
22.0
13 6
284 7
198. 0
89.3
51 7
23 5
33 9
5
194
5 1
50 0
22. 1 •
13 5
98 f, 3
199. 5
89. 8
52 2
23 9
88 6
195 6
5 1
50 1
22. 3
13 5
287 5
201 . 2
90. 6
59 9
94 9
88 5
197 8
5 1
49 •">
22. 4
18 5
987 f) i
201.0
90. 2
£j9 ()
94 ]
88 8
197 1
5 1
48 9
22. 5
18 6
4.0
s
4.0
4.0
4.2
4. 2
4. 1
265 4
°65 5
op- 9
°6^ 8
'•'70 6
T 9X6 3
199. 9
r
89. 3
r
r 94
1 99. 7
88.8
1
r 33 g
r j q p ) ()
!.>.>. ,)
r
) 1
r _J.q () j
22 7 I
18 6 !
9 70 "
4.0
22.8
4.0
271. 0
j
i
r \ 7 ()""(>
All industries, quarterly total
mil of dol
7 265
6 147 !
7 (> 25
Manufacturing
do
3. 867
2.747
3. L'SO
' 8, 079
r
Mining
do_ _ ;
199 i
212
238
Railroads .
__
lo
r •>()()
857
310 ;
35S
Transportation, other than rail
lo
335
311
339
Public utilities
.
.
lo
r ] •?{)(;
1.142
904 :
1, 14S
r
Commercial and other. _._
- . lo. ..,
1 , 835
1,675 i
1.887
1 . 8!H)
T
l
Re vised.
Estimates for October-December 1953 and January-March 1954, based on anticipated capital expenditures of business, appeal on p. 4 oi this issue of the ^i"Kvin .
cf Includes inventory valuation adjustment.
QGovernment sales are not deducted.
§Personal saving is excess of disposable income over p^rsoiul consumption expenditures shown
as a component of gross national product above.
S-l
2si:u)0° - r.a
4
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December 1953
1952
October
November
1953
December
January
February
March
April
May
j
June
July
August
September
October
P 3, 693
p 3, 686
P 2, 163
P 1,523
P336
P812
P354
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments, total
_
mil. of doLFarm marketings and CCC loans, total
do
Crops
do
Livestock and products, total
do
Dairy products.
do ..
Meat animals
do
Poultry and eggs.. .
do ..
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39=100
Crops
do -.
Livestock and products.
do
Indexes of volume of farm marketings, unadjusted:
All commodities
_. 1935-39= 100. .
Crops
do
Livestock and products
_ do
4,009
3, 995
2,201
1,794
368
1 068
338
3,326
3,312
1,697
1,615
356
2, 956
2,940
1,478
1,462
352
2, 834
2,809
1,395
1,414
337
1,949
1,932
699
1,233
311
2, 100
2,075
674
1,401
357
2, 001
1,964
560
1,404
365
2, 010
1,976
516
1, 460
407
2,193
2,167
729
1,438
402
2, 456
2,442
1,050
1,392
386
2,494
2.486
1,096
1.390
364
867
375
761
334
806
261
681
234
742
292
721
302
708
319
714
294
682
300
695
318
'3,197
'3,192
1,748
' 1,444
'333
'768
'329
600
778
472
497
600
425
441
522
385
424
493
372
291
247
325
313
238
369
296
198
370
298
182
384
327
258
379
368
371
366
375
387
366
'482
'618
'380
p 556
p765
P401
218
263
184
180
191
172
173
183
165
168
187
153
118
95
134
125
86
155
122
73
159
125
73
164
138
99
169
157
157
156
'158
'159
'193
'232
157
164
P224
P283
P179
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume
Stone, clay, and glass products
Cement
Clay products
_ _ ._
Glass containers
Transportation equipment
.
Automobiles (incl. parts)..
232
236
240
240
240
241
234
238
236
f 235
246
245
250
255
254
254
'254
246
250
'248
i>247
301
281
164
189
151
363
237
231
251
305
283
160
191
143
371
241
236
251
310
286
151
196
128
385
246
241
259
312
287
151
189
132
393
250
243
266
319
290
158
191
142
398
259
245
293
326
297
162
193
146
406
259
243
301
326
292
168
189
157
402
263
248
299
32?
291
154
184
139
399
262
251
290
"321
'311
'303
288
163
182
153
279
158
177
149
••398
'388
259
249
284
248
235
282
311
277
163
182
153
389
236
p306
P264
P167
P183
P158
P386
P232
P208
P293
do
do
do
do
do
.do
235
267
173
262
371
226
252
167
245
376
214
231
165
210
392
209
209
155
227
391
216
212
157
248
403
227
224
161
271
412
230
249
161
261
417
238
259
159
291
408
236
259
163
276
233
267
265
272
282
283
297
308
314
306
'405
••301
'200
186
324
196
198
165
322
614
112
102
119
151
162
159
90
164
321
621
111
103
116
157
202
154
101
- _ _ . do
do
.
do
do
- - do ...
do
. . do
do
do_ ..
do
do
do
203
192
279
179
225
180
260
172
142
361
134
197
205
194
290
182
233
183
264
176
149
356
137
184
195
185
291
186
229
172
272
169
141
337
138
159
200
191
293
188
230
168
268
169
140
350
130
178
207
198
293
188
231
178
270
173
149
338
142
184
211
201
289
189
225
187
275
173
148
352
137
183
210
200
286
187
225
187
272
169
141
355
128
174
210
199
288
189
230
187
267
173
143
367
130
174
do. ..
do
do
do
do
do
166
167
95
93
203
164
170
177
87
135
202
131
163
176
71
125
207
84
159
172
60
116
204
81
158
170
60
109
205
87
157
168
52
107
204
90
163
167
47
113
201
134
166
168
66
113
199
160
172
173
66
116
206
170
230
234
235
236
240
243
241
240
240
do
242
245
247
249
254
258
255
254
do
do
do
do
do
do
do
do
do
300
155
138
237
251
304
161
146
240
251
313
165
149
246
258
316
171
162
250
266
322
175
166
259
293
328
172
161
259
300
326
168
157
263
299
224
231
221
233
221
254
223
257
233
279
238
273
163
254
162
242
160
225
168
232
166
255
169
271
.
_
Durable manufactures
Lumber and products
_
Lumber
._
Nonferrous metals
Smelting and refining
Stone, clay, and glass products
Cement
Clay products
.
Glass containers
_
'373
'259
'203
197
161
318
605
116
97
129
151
128
166
85
103
95
108
636
94
81
102
172
322
637
110
96
119
'165
'173
' 183
'187
225
156
221
149
214
150
232
'168
'116
' 180
208
197
295
189
238
178
185
178
294
188
245
161
'271
'264
' 157
215
203
297
'637
P387
P278
P199
P322
P622
104
92
111
P176
169
249
P179
*>188
'213
p216
'295
P290
'187
184
246
174
259
166
139
346
128
188
'241
'180
'324
135
309
'174
'174
P164
P166
'63
126
66
116
168
172
172
54
119
205
168
'205
'170
P196
P152
232
235
232
P231
'253
244
247
243
P243
321
151
134
262
290
'320
'154
'310
' 150
139
259
285
135
249
283
309
153
138
236
282
232
262
231
246
233
242
231
238
P304
P158
P145
P232
P293
P221
165
261
160
271
164
279
'230
243
'154
'301
'155
'142
T
231
'290
'224
234
154
281
150
265
P151
174
142
367
135
176
113
359
120
159
169
169
57
103
'206
280
252
'160
138
'196
199
'199
191
194
195
198
198
201
198
195
197
Nondurable manufactures _
. do
152
160
181
173
159
164
155
161
166
158
162
180
Alcoholic beverages
do
'321
321
314
325
'325
325
310
310
319
309
304
308
Chemical products
do _ _
104
111
104
95
116
119
112
110
117
107
112
113
Leather and products
do
85
94
101
104 !
97
97
98
103
102
100
103
103
Leather tanning
do
r
'164
162
' 162
'164
164 1
165
165
165
168
164
165
161
Manufactured food products
.
do
143
152
151
151
152
150
148
154
152
156
146
147
Dairy products
do
r
180
157
174
168
179 i
169
154 ,
176
171
169
170
Meat packing
do
T 157
128
151
139
155 :
122
155 i
143
143
128
148
124
147
Processed fruits and vegetables
do
' Revised.
P Preliminary.
IRevised (beginning 1951) to incorporate more complete data. Revisions for January-August 1952 may be obtained upon request; those for 1951 will be available later.
©"Seasonal factors for a number of industries were fixed at 100 during 1939-42: data for these industries are shown only in the unadjusted series.
"160
270
272
202
194
144
313
598
122
109
131
149
109
166
90
P232
272
184
191
134
311
595
117
103
126
153
98
199
93
Adjusted combined indexd*
'234
••156
'193
193
142
314
598
107
99
112
161
107
208
100
_
241
269
159
292
385
385
'231
'208
'291
'322
199
163
313
595
114
107
120
165
106
190
114
-
269
'388
'282
282
'166
'180
' 159
174
200
173
309
578
112
104
118
178
133
169
190
do
Paper and products
Paper and pulp
Petroleum and coal products
Coke
Gasoline
Printing and publishing
Rubber products
Textiles and products
Cotton consumption
R^iyon deliveries
Wool textiles
Tobacco products
'156
'218
' 2t;4
'324
'631
do
do. _ _
do
do
do
do
do. ..
do
do
do
do- ..
Nondurable manufactures
Alcoholic beverages
Chemical products
Industrial chemicals
Leather and products
Leather tanning
Shoes
-Manufactured food products
Dairy products
Meat packing
Processed fruits and vegetables
-
233
246
do
do
do
do
do
do
do
do
do
Durable manufactures
Iron and steel
Lumber and products
Furniture
Lumber
. _.
Machinery
Nonferrous metals and products
Fabricating
Smelting and refining
_
Manufactures
235
245
1935-39=100..
Manufactures
Minerals
Fuels
Anthracite
Bituminous coal
Crude petroleum
Metals
233
do
Unadjusted, combined index ._ .
P235
P189
P240
P157
P194
P316
P163
P177
P146
SURVEY OF CURRENT BUSINESS
December 1958
S-3
1952
Unless other-wise stated, statistics through
1952 arid descriptive notes are shown in the
October
1953 Statistical Supplement to the Survey
November
1953
December
January
February
March
April
May
June
July
August
September
October
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index of Physical Volume — Con.
Ad justed of— Continued
Manufactures— C ont inued
Nondurable manufactures— Continued
Paper and products . ..
. 1935-39=100
Paper and pulp
do
Printing and publishing
do
Tobacco products
_.
do._ .
203
192
176
190
205
194
175
181
196
185
168
172
200
191
173
179
207
197
180
194
211
201
183
194
209
199
181
184
209
199
184
174
207
197
179
169
186
179
173
154
216
204
182
182
r 179
P184
164
145
171
138
168
117
164
120
163
123
162
125
164
145
164
144
168
144
164
134
167
134
' 169
' 141
'161
pl32
48, 579
24 651
12, 126
12 526
9,726
3 128
6,598
14 202
4,844
9 358
47, 657
24 271
12, 361
11 910
9,360
3 138
6 222
14 026
4,769
9 257
48, 781
24 706
12,536
12 170
9,665
3 197
6 468
14 410
4,871
9 539
47, 819
24, 507
12, 507
12, 000
9,172
3,011
6,161
14, 140
5,000
9,140
48, 533
24, 724
12, 666
12, 057
9,295
3, 161
6,134
14, 514
5,304
9,211
49, 671
25,763
13,117
12, 646
9,471
3, 164
6, 307
14, 437
5, 211
9,225
50, 188
26,360
13, 398
12, 961
9,548
3, 204
6,344
14, 280
5,124
9,156
49, 395
25, 816
13, 148
12, 668
9, 155
3, 103
6,052
r
14, 424
5,154
r
9, 270
50, 001
25, 880
13,164
12, 716
9,709
3, 160
6,549
14, 412
5, 103
9,309
50, 399
26, 367
13, 410
12, 957
9,563
3,153
6,410
14, 469
5. 102
9, 367
48, 138
25, 067
12,729
12, 337
8,998
3, 092
5,906
14, 073
4,914
9,159
48, 185
48, 671
24, 902
25, 398
12, 698
12, 386
12, 700
12, 516
9,259
9,291
2,982
3, 051
6,240
6,277
' 13, 982 14, 024
' 4, 865 5, 001
9, 023
' 9, 117
Business inventories, book value, end of month
(adjusted), total 9
mil. of dol
Manufacturing, total 9
do
Durable-goods industries _
do.
Nondurable-goods industries
do
Wholesale trade, total 9
. do.
Durable-goods establishments __do
Nondurable-goods establishments
_ do.
Retail trade, total
do
Durable-goods stores
do
Nondurable-goods stores.. _
do. .
74, 189
43 415
23, 615
19 800
10 122
4, 986
5 136
20 652
9' 175
11 477
74, 682
43 596
23 835
19 761
10* 191
5,084
5 107
20 895
9' 334
11 511
74
43
24
19
10
5
5
20
9
11
74, 619
43, 766
24, 392
19, 374
10, 039
5,084
4,955
20, 814
9,539
11, 275
74, 941
43, 848
24, 480
19, 368
10, 120
5, 219
4,901
20,973
9,905
11,068
75, 335
44, 056
24, 746
19, 309
10, 183
5, 336
4,847
21, 096
10, 084
11,012
76, 466
44, 566
25, 122
19, 444
10, 244
5,322
4,922
21, 656
10, 396
11,260
76,836
44,970
25, 420
19, 550
10, 323
5, 349
4,974
21, 543
10, 252
11, 291
77,511
45, 525
25, 775
19,750
10, 414
5, 276
5,138
21, 572
10, 257
11,315
78, 310
45, 792
25, 983
19, 809
10, 430
/>, 424
5,006
22, 088
10, 560
11,528
78, 748
46, 195
26,302
19, 894
10,438
5, 538
4,900
22, 115
10, 449
11.666
' 79, 380 79, 035
' 46, 515 46,294
' 26. 43026, 451
' 20, 084 19, 843
' 10, 585 10,680
' 5, 540 5,586
5,094
' 5, 045
' 22. 280 22, 061
10,468
10, 696
r
11,593
11.584
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Salesit
Value (unadjusted), total
_. mil. of dol
Durable-goods industries
do
Nondurable-goods industries ._
do.
26 679
13 071
13 608
23 579
11 883
11 696
24 547
12 608
ll' 939
24, 008
12, 021
11,987
24, 065
12,345
11, 720
26, 759
13, 813
12, 946
26,295
13, 702
12,593
25, 468
13, 178
12,290
26, 058
13, 586
12, 473
24,700
12,318
12. 383
25, 278
12, 485
12, 793
26, 181
12, 917
13, 264
26, 742
13, 250
13, 492
Value (adjusted), total
do.
Durable-goods industries, total
do
Primary metal
do.
Fabricated metal products. _ _
do
Electrical machinery and equipment- __do
Machinery, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and
fixtures
do_
Lumber products, except furniture
do
Stone, clay, and glass products
do
Professional and scientific instruments -do
Other industries, including ordnance - _ _ d o
24 651
12 126
2 187
1, 174
1,282
2,083
1 925
894
408
692
552
327
602
24 271
12 361
2 134
1, 112
1, 300
2 111
1 958
1 191
386
679
558
344
587
24 706
12 536
2 193
1 195
1,374
2 122
2 140
928
384
727
551
335
587
24, 507
12,507
2,170
1,189
1, 337
2, 138
2,162
996
370
710
535
377
524
24, 724
12, 666
2,214
1,228
1, 362
2, 158
2,178
964
344
744
558
337
579
25,763
13, 117
2, 226
1,256
1,389
2,174
2.356
939
363
767
632
379
635
26, 360
13, 398
2, 275
1, 351
1,387
2,227
2, 431
997
367
763
585
392
623
25, 816
13, 148
2,211
1,258
1, 437
2,156
2, 350
998
369
772
586
404
608
25, 880
13, 164
2,222
1,311
1,486
2, 164
2,190
1,006
365
767
627
395
633
26, 367
13, 410
2, 336
1,309
1,462
2, 125
2, 381
1, 032
334
815
611
416
590
25, 067
12,729
2, 154
1,190
1,438
2,099
2,210
1,031
380
776
582
326
544
25, 398
12,698
2,084
1,219
1,536
2,163
2,023
1,008
370
726
607
355
607
24, 902
12,386
1,977
1,111
1,437
2,034
2, 131
1,132
361
704
579
337
583
do.
do
do_
do
do.
do
do
do
do
. ..do. _
do
do.
12, 526
3 618
528
314
1,220
989
260
698
797
1, 652
2,027
423
11 910
3 296
571
341
1,182
932
257
657
743
1, 555
1,993
383
12 170
3 385
520
333
1,144
942
288
675
777
1,606
2,082
418
12, 000
3, 377
544
312
1,116
880
269
695
758
1,606
2,018
424
12, 057
3,368
555
324
1,128
846
266
690
770
1,634
2,042
435
12, 646
3, 660
595
330
1, 160
871
278
711
800
1,704
2,065
473
12, 961
3, 826
563
318
1, 231
912
281
739
794
1, 734
2,118
444
12, 668
3, 631
565
305
1,283
943
256
724
819
1, 672
2, 048
422
12, 716
3, 594
551
310
1,181
843
286
741
809
1,697
2,268
436
12, 957
3, 796
570
301
1,181
869
328
766
740
1,720
2,237
448
12, 337
3, 645
617
314
1,098
891
264
735
676
1,608
2,081
409
12, 700
3,836
662
315
1,031
854
266
752
707
1,640
2,202
433
12, 516
3, 740
636
301
1, 023
894
261
732
736
1,664
2,097
433
do.
do
do
42, 920
23, 385
19,536
43, 243
23, 553
19, 690
43, 829
24 045
19, 784
44,037
24, 253
19, 784
44, 264
24, 539
19, 726
44, 551
24, 990
19, 560
44, 794
25, 332
19, 462
45,287
25, 771
19, 516
45, 685
25, 980
19, 704
45, 746
26, 103
19,643
45, 783
26, 223
19, 559
r
r
45, 910
26, 273
r 19, 637
45, 806
26, 282
19,523
16, 058
12, 272
14,590
16,236
12,268
14 739
16 414
12, 516
14 898
16, 106
12, 735
15, 195
16, 030
13, 044
15,190
16, 052
13, 236
15, 263
15, 909
13, 371
15, 514
16, 028
13, 368
15, 891
16, 197
13, 451
16, 037
16, 324
13,426
15,996
16, 318
13, 406
16,059
r
'16,568
13, 336
* 16, 006
16, 406
13, 321
16,078
Minerals
Metals
do
do
214
rtlQ
BUSINESS SALES AND INVENTORIES!
Business sales (adjusted), totalf
mil. of dol_.
Manufacturing, total t do
Durable-goods industries
_
do
Nondurable-goods industries
do_
Wholesale trade, totalf-do
Durable-goods establishments
do
Nondurable-goods establishments. . do.
Retail trade, total
do
Durable-goods stores
do
Nondurable-goods stores
do
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: 9
Book value (unadjusted), total . .
Durable-goods industries
Nondurable-goods industries
By stages of fabrication:
Purchased materials
.
Goods in process
Finished goods .
...
_
.
do
do
do
757
824
292
532
129
079
050
804
352
452
Book value (adjusted), total
do
43, 415
43 596
43 824
43, 766
43, 848
44, 056
44, 566
44, 970
45, 525
46, 195 ' 46, 516 46, 294
45, 792
Durable-goods industries, total
.do
23, 615
23,835
24,292
24, 392
24, 480
24,746
25, 122
25, 420
25, 775
26, 302 ' 26, 430 26,451
25, 983
Primary metal
do
3,084
3, 165
3 122
3,156
3, 080
3,070
3,132
3,083
3, 175
3,364
3,238
' 3, 455 3,485
T
Fabricated metal products
do
2,362
2 424
2 401
2,439
2,420
2,446
2,507
2,573
2,694
2. 897
2,776
2,934
2, 943
Electrical machinery and equipment- do
3,039
3, 032
3 096
3,120
3, 137
3,200
3,382
3,302
3,419
3, 458
3,493
3,507
3,471
Machinery, except electrical
do
5,275
5,411
5,287
5,396
5,445
5,482
5,514
5,514
5,529
5, 539
5,476
5, 536
'5,500
Motor vehicles and equipment.
do
2,735
2, 853
3,009
3,017
3, 050
3,139
3,265
3,313
3,338
3,341
3, 352
' 3, 353
3, 374
r
Transportation equipment, n. e. s.
do.
2,472
2,455
2 576
2,609
2,566
2,643
2,635
2,661
2,701
2,682
2, 751
2,736
2,703
Furniture and
fixtures
do
533
543
518
525
544
544
554
534
569
553
576
'538
537
Lumber products, except furniture . do
1,019
1,054
1,066
1,076
1,072
1,092
1,089
1,086
1,094
1,108
1, 153
1,087
* 1, 128
Stone, clay, and glass products
do
874
852
850
872
890
900
920
935
953
951
937
'918
898
Professional and scientific instruments -do
778
785
808
809
808
794
799
807
842
855
818
826
'837
r
Other industries, including ordnance-. -do
1.445 i
1.408 i
1.412
1,420
1,422
1, 438
1,451
1 , 49]
1,536
1,486
1,486
1, 534
1,498
r
Revised.
* Preliminary.
o"See note marked ' V on p. S-2.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. 8-1 cover data for all types of producers, both farm and nonfarin. Unadjusted
data for manufacturing are shown on this page: those for retail and wholesale trade, on pp. S-8, S-9, and 8-10.
t Re vised striss. Total business sales, manufacturers' and wholesalers' sales, and manufacturers' orders have been adjusted to more recent benchmarks. The revision affects data beginning as follows: January 1946 for total business, manufacturers', and wholesale sales (adjusted); January 1948 for manufacturers' new orders (adjusted); Januarv 1950 for all unadjusted series
See pp. 21-27 ff. of this SURVEY for figures prior to October 1952.
*
9 Inventories have not yet been made comparable to the revised sales series.
SURVEY OF CURRENT BUSINESS
1952
Unless otherwise stated, statistics through
1952 ami descriptive notes are shown in the
195.'} Statistical Supplement to the Survey
October |
N(
n
j™ ~
1953
December
January
February
March
April
May
!
June
July
Sc
gr
August
October
GENERAL BUSINESS INDICATORS— Continued
MANUFACTURERS' SALES. INVENTORIES,
AND ORDERS— Continued
Inventories, end of month § — Continued
Book value (adjusted), total — Continued
Nondurable-goods industries, total, .mil. of dol _ _
Food and kindred products
. do
Bever'i cr es
do
Tobacco manufactures
_, - do.
Textile-mill products
do
Apparel and related products
do
Leather and leather products
do
Paper and allied product?
do
Printing and publishing
_ . do
Chemicals and allied products
do
Petroleum and coal products
do- Rubber products
do
19,800
3. 488
1 222
1,726
2.841
1 , 609
549
960
744
3. 010
2,777
874
19, 761
3, 450
New orders, net:t
Unadjusted, total
_.
Durable-goods industries
Nondurable-goods industries
19, 374
3, 312
1, 153
1. 773
2, 606
1, 689
549
990
757
2, 915
2, 716
915
19, 368
3, 378
1, 184
1, 738
2,618
1,683
534
992
746
2, 894
2, 713
887
19, 309
3, 275
1,198
1, 731
2, 597
1.674
553
990
755
2,907
2, 726
903
19,444
3, 241
1,190
1.750
2.648
1J678
572
998
755
2,969
2,726
916
19. 550
3, 198
1, 184
1,766
2, 671
1,672
604
987
736
3,005
2,803
924
19, 750
3. 147
1, 183
1. 759
2. 762
1,697
625
976
750
3,122
2,789
942
19,809
3,104
1,187
1 , 780
2,786
1,742
590
955
727
3,149
2. 858
931
19,894
3, 061
1,119
1,799
2,809
1,785
589
927
745
3,207
2, 938
914
r 20. 084
1,618
545
974
775
3,009
2, 805
897
19,532
3, 332
1, 164
1.778
2, 654
1,665
548
1.001
758
2. 968
2,727
936
25, 393
11,905
13, 488
22, 457
10, 756
11,701
24, 438
12, 600
11,839
24, 854
12, 788
12, 066
24, 008
12,266
11,742
26, 349
13, 404
12, 944
25, 478
12, 959
12, 519
24, 564
12, 176
12, 388
25, 655
12, 985
12,670
23, 833
11, 589
12, 244
22, 673
10, 132
12, 540
23, 255
10, 092
13, 163
23, 481
10,213
13. 268
A d j u s t e d , total
do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal products
. do
Electrical machinery and equipment-- _do
Machinery, except electrical
. do
Transportation equipment, including motor
vehicles and parts
mil. of dol
Other industries, including ordnance . do
Nondurable-goods industries, total
do
Industries with unfilled orders 9
_ do_
Industries without unfilled orders^
do
24, 164
11,705
2, 034
1, 143
1, 352
1,873
23, 254
11,549
2,018
1, 142
1, 273
1,874
24, 946
12,732
2, 006
1, 125
1,522
1, 878
24, 519
12, 455
2, 133
1,142
1, 521
1,829
24,512
12,415
2, 063
1,172
1,303
1, 959
25, 096
12,520
2, 201
1, 196
1, 268
2, 006
25, 681
12, 702
2, 093
1,131
1,697
2,184
25, 882
13, 100
2, 167
1,210
1,480
2,042
25, 152
12. 393
2, 390
1.011
1. 303
2. 084
24, 525
11,600
1. 957
1, 073
1. 582
1,751
22, 339
10, 139
1, 751
1, 214
1, 134
1,676
22, 678
10, 110
1, 635
1,041
1,082
1, 843
22, 383
10. 065
1, 326
934
1, 263
1,751
2,789
2,514
12, 459
2,908
9, 551.
2, 769
2,474
11, 705
2, 634
9,071
3, 752
2, 450
12, 214
2,929
9, 285
3, 250
2, 580
12, 065
2, 904
9, 161
3,390
2, 529
12, 097
2,894
9,203
2, 955
2, 894
12, 576
2 879
9,697
2, 776
2,821
12, 980
3, 064
9,916
3, 544
2, 657
12, 782
3,196
9,586
2,875
2. 728
12, 760
3.061
9, 699
2, 347
2,889
12, 925
2, 983
9,942
1,882
2,482
12, 200
2, 636
9, 563
2,114
2, 395
12, 569
2, 626
9, 943
2.297
2. 494
12,318
2. 554
9, 764
Unfilled orders, end of month (uiiadj.), totalf-do
Durable-goods industries, total
do
Primary metal
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
76, 563
73, 297
7, 976
6,475
11,967
11, 504
75, 441
72, 170
7, 768
6,312
11, 739
11,307
75, 333
72, 161
7,511
6 133
11,990
10, 944
76, 178
72, 928
7, 536
6,386
12, 262
10, 833
76, 122
72, 850
7,408
6, 276
12, 108
10, 671
75, 712
72, 441
7,436
6, 235
12, 025
10., 509
74, 895
71, 698
7,230
6,218
12, 266
10, 389
73, 991
70, 696
7,020
6, 100
12, 251
10, 140
73, 588
70, 096
6,977
5,790
12, 286
9,928
72, 720
69, 366
6,910
5,728
12, 520
9', 793
70, 115
67,014
6, 562
5, 609
12, 20!
9,512
67, 189
64, 189
6, 103
5,517
63, 928
61, 152
5. 461
5, 177
11,456
8,705
29, 079
6,295
3,266
28, 915
6, 130
3, 271
29, 642
5,942
3, 171
29, 766
6,145
3, 250
30, 110
6,277
3,272
29, 775
6,462
3, 271
29, 037
6,558
3,198
28, 823
6,362
3,296
28, 803
6,311
3. 493
27, 767
6, 648
3,354
26, 559
6,569
3, 101
25, 658
6, 074
. _ . _ do
do
do
}',742
2, 743
19,843
3, 084
1,090
1,804
2,744
1.735
605
925
749
3, 232
2,953
'3,120
r
1,098
r
1,831
r
2, 802
' 1,822
r
614
••935
r
r
<• 757
3, 230
2, 953
922
11,718
9,118
24,500
5,852
2,776
3,000
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURNOVER
Operating businesses, end of quarter, total
Contract construction
Manufacturing
Service industries
Retail trade
Whole^ale trade
\U other
thous
do
do
do
do_
do
do
New businesses, quarterly total
Contract construction
Alanufacturing
do
do
do
..
4. 043. 4
403.2
295 4
867. 2
1,651.3
211. 3
615 0
do
do
do
80. 5
12.3
8 2
14 7
29 6
3. 7
12. 1
Discontinued businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade.
\11 other
do
do
do
do
do
do
do
96 0
13.6
13. 3
15. 7
39.4
3.7
10.4
Business transfers, quarterlv total
do
1
82.5
Retail trade
Wholesale trade
\11 other
j
1
!
i
1
i
|
BUSINESS INCORPORATIONS^
\e\v incorporations (48 States"!
8,223
6, 741
8,274
9, 468
7, 943
9, 659
9, 507
8,968
8,926
number
do
do
... do. .
do
~- do --
631
52
88
146
291
54
590
61
62
121
280
66
583
43
288
45
647
39
78
130
334
66
691
49
86
132
348
76
739
63
85
154
361
76
693
48
86
140
344
697
66
70
143
344
74
817
74
99
145
419
80
thous. of dol . _
do
35, 049
2.175
5 167
13, 079
18, 757
3, 027
1,588
5. 853
5 865
2,424
23, 400
953
5, 068
8, 458
7, 046
1, 875
23, 309
868
2, 735
9,107
8.009
2. 590
27, 273
1,180
3, 378
8, 452
9,139
5,124
31,082
1,387
3, 506
12. 213
10, 423
3,553
27, 520
1, 765
3, 748
10, 585
8,497
2,925
32, 789
3, 536
2, 511
13, 981
6,909
5,852
_
number
l
8,703
7,487 j
7,433
8,267
I N D U S T R I A L AND COMMERCIAL
FAfLURESd"
Failures, total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities, total
Commercial service _ .
Manufacturing and mining
Retail trade
Wholesale trade
r
-
...
_ _..
do
do
do
!
6 078
8550
131
Revised.
* Preliminary.
§See note marked " 9 " on p. S-3.
t Revised series. See corresponding note on p. S-3.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
^jFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders,
cf Data are from Dun & Bradstreet, Inc.
!
i
!
724
43
64
164
380
73
i
'
32.379 i
1.759 >
3, 200
11,179
12,464
3, 777 i
i
41
1
2
17
11
8
700
49
92
148
340
71
324
210
789
139
282
904
28,529
1,077
3, 868
10,267
10, 275
3, 042
i
i
!
j
|
686
31
89
145
336
85
33,817
1,286
4, 451
13,676
9, 790
4, 614
i
i
i
:
i
84fl
75
89
188
404
84
37,076
3,848
4, 366
14,956
9, 671
4, 235
SUTIVEY OF CURRENT BUSINESS
December 1953
..1
Unless otherwise stated, statistics tli
»e
1952 and descriptive notes are shown iri the !
y
1953 Statistical Supplement to the Survey I October
i
S-5
19 53
1952
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
Tune
July
August
Septem-
October
250
°31
187
439
974
214
175
255
9
67
273
283
9
36
ber
COMMODITY PRICES
PRICES It EC El V ED A IN I> PA ID BY FA 11 M E R S
Prices received, all farm products§ .--1910-14 = 100-.
Crops
do
Food grains
do
Feed grains and hay
lo
Tobacco
lo
Cotton
lo
Fruit
lo --..
Truck crops
. . _
. lo
Oil-hearint?' crops
lo
282
200
240
219
129
311
215
189
304
277
257
248
213
412
288
195
238
300
247
218
428
268
206
256
300
301
328
310
228
295
310
318
238
209
269
269
269
264
253
246
208
424
266
215
248
291
259
247
244
206
424
266
226
204
289
261
243
242
205
426
268
224
182
285
259
251
222
198
425
266
253
270
280
259
237
218
197
426
269
207
216
268
258
237
215
198
430
237
291
263
947
240
206
424
255
209
237
287
205
221
262
256
234
219
200
452
9
79
221
1 59
251
280
291
309
221
281
303
296
9
18
277
305
286
206
274
301
277
216
270
299
264
218
277
317
257
218
267
299
254
213
280
318
223
276
305
267
230
299
974
''31
268
269
266
267
269
264
267
268
°65
264
266
61
265
269
261
264
269
257
264
270
257
260
271
248
261
271
250
202
273
249
259
270
9
47
284
282
281
284
281
282
280
280
277
279
279
99
98
96
94
94
94
9?
93
94
93
92
92
91
All commodities ( T . S. Department of Commerce
index)
- - - - 1 935- 39 = 1 00
210. 7
210. 4
209. 6
209. 0
207.8
208 2
207.9
208. 2
209.7
210.1
210 1
210 3
210 1
Consumer price index (U . S. Department of Labor) :
\llitems
-1 94 7-40 =100
Vpparel
- -do. . _ ,
Food
do
Dairy products
do. .
Fruits and vegetables
do_
Meats poultry and
fish
..
do
114.2
1 05. 6
115 0
113. 2
111.3
116.9
111.3
1 05. 2
115 0
113 3
115.9
114 3
114. 1
105. 1
113 8
112. 7
115.8
113 0
113 9
104. 6
113 1
111 6
116.7
110 9
113 4
104 6
111 5
110 7
1 15. 9
107 7
113 6
104 7
111 7
110 3
115.5
107 4
113 7
104 6
111 5
109 0
115.0
106 8
114 0
104.7
112 1
107 8
115.2
109 2
114 5
104 6
113 7
107 5
121.7
111 3
114.7
104. 4
113 8
108. 3
118.2
112 0
115 0
104 3
114 1
109 1
112.7
114 1
115 2
105 3
113 8
109 6
106. 6
113 5
i us 4
105 5
113 6
110 1
107. 7
111 1
115 2
105. 0
107 9
118.8
118. 9
112 3
107. 6
128 4
115 8
in 7
105.4
108 0
119 5
118.9
1 12 4
107.4
?
110 1
105. (i
108 2
120 7
119.3
P6 6
1 ()(}. 1
108 0
12) 5
119 3
112 5
107.5
115 8
108.0
1 28 9
115 9
116 4
105.9
107 7
121 1
119. 4
11 9 4
107. 8
1°Q 3
115 9
115 8
116 8
106^5
108 0
121 7
119 5
11° 4
107.7
129 3
117 5
117 0
106.5
107 8
122 1
120 2
1125
107.9
129 4
117 9
117 i
106. 6
107 6
123 0
120.7
112 8
108.0
129 4
118 0
117 4
106.4
108 0
123 3
121 1
112 6
107.8
129 4
118 2
117 8
106.4
108 1
123 8
121. 5
112 6
107.4
J29 7
118 3
118 0
106.9
107 4
125 1
121 8
112 7
107.6
130 6
118 4
118 4
106. 9
108 1
126 0
122 6
112 9
107.8
130 7
118 5
1187
107. 0
108 1
126 8
122 8
113 °
108. 6
130 7
119 7
Livestock 'Hid products
Meat animals
Dairy products
Poult rv and eggs
-_ -
<lo
.do
do
- do
.
Prices paid:
•Ul commodities
1910-14 = 100..
Commodities used in l i v i n g
do
Commodities used in production
do
All commodities, interest, taxes, and wage ratesj
1910-14 = 100..
Parity rot io ? J
do _.
267
251
245
214
419
252
208
9
9(5]
•>23
258
9
9
70
46
276
R E T A I L PRICES
Gas and electr icit v .
House furnish in? s
Rent
Mod ical care
Reading and recreation
Transport 'it ion
Other °oods and services
-
. . do
do
do
. . . . do
__
do
do
do ..
r89
H'> f,
|9Q 1
WI1OLESA LE PRICF.Scf
V . £. Department of Labor indexes:
Ml commodities
1947-49-100
111. I
110 7
109 6
109 9
109 6
110 0
109 4
109 8
109 5
110.9
110 6
111 0
110 2
Farm products
--do
F r u i t s n n d veget ables, fresh and dried do
Grains
do
f ivostock and live poultry
..
do
104.9
103 6
113.2
95 0
91 8
99. 6
107.3
94 6
92 7
97 9
102.2
93 1
91 2
99 8
105.8
94 7
91 7
97 3
106.9
93 8
87 5
97 8
105. 4
93 4
91. 7
95 4
109.9
84 2
86.8
97.9
94.7
85.4
95.9
96 4
98.0
86 5
88 1
*-98 1
96.0
93 0
99 2
112.3
90 1
86 8
95 2
95. 1
87 9
82 0
Foods processed
- ...do
.
Cereal and bakery products
do.
Dairy products and ice cream
do
Fruit's and vegetables, canned and frozen
,1947-49 = 100
Meats poultry, and
fish
do .
108.5
106.4
115 9
107 7
107. I
l l r » r>
104.3
106. 8
1 13 0
1 05. 5
106.8
111 9
105 2
107. 6
no 9
104 1
108. 9
109 7
103. 2
109. 2
108 5
104.3
109.0
107 9
103.3
107.9
107 7
105. 5
108.5
110 0
104 8
108.4
110 7
105. 9
104. 1
106. 0
102. 0
105.0
93. 9
105.4
99. 3
105. 5
98.2
105. 1
91.2
104. 4
89.2
104.0
93.8
103.7
91.6
105.0
97.0
104.7
93.6
Commodities other than farm products and
foods
1947-49 = 100
Chemicals and allied products
. . . do
Chemicals industrial
do
Drugs, Pharmaceuticals, cosmetics do.
F ' t t s and oils inedible
do
Fertilizer materials
do
P a i n t and paint materials
...do
113.0
103. 9
113 9
92. 0
51 0
111.0
100. 5
112 8
103. 5
112 7
91.9
53 1
111.1
10(5. 3
112.9
103. 3
112 3
91.3
52 8
113.0
J0(>. 1
113 1
103.0
112 8
91.5
53 5
112.9
106.2
113 1
103. 6
113 1
91.4
52 7
112.7
105.9
113 4
104.2
113 9
91. 6
59 0
112.8
106.0
113 2
105. 5
117 0
93. 0
55 9
113.2
106.0
113 6
105. 5
118 0
93.1
49 9
112.9
106.1
113 9
105.6
119 2
93.1
46 6
110.6
106.1
114.8
106.2
120 2
93. 6
46 7
113.8
106.1
114 9
106. 3
120 2
93. 5
46 9
113.8
106. 3
r 88 3
90 6
r
106 6
111 3
104 7
1 12. 0
112 7
104.7
'97 4
105. 0
89 0
114 7
106. 7
120 0
93. 5
51 1
113.0
107. 3
114 5
106.7
119 5
93. 5
53 4
112.9
107.8
M10.9
119 3
'98 0
T
106. 0
116 5
111.0
112 5
98 0
106 0
116 6
r 110. 8
r
r
Fuel, power, and lighting materials. . .do
Coal
do
Flectricitv
do
Gas
do
Petroleum nnd products
do
Furniture and other household durables
1947-49 = 100..
\ppliances household
do
Furniture household
do
Radios
do
Television sets
~- .
do _
106. 6
113 3
98 5
100. 4
108 5
106.7
113 6
98 0
104 9
108 1
107.2
116 1
98 5
104 9
107 9
107. 8
116 3
99 6
108. 0
107 9
108. 1
115 9
100 7
109.5
107 9
108.4
114 4
100 7
109 5
109 0
107.4
111 2
98 0
109 5
109 3
107.1
110 8
97 4
108.2
109 4
108.3
111 2
98 5
108 2
111 1
111.1
111 8
98 5
106. 1
116 8
111.0
111 7
89 1
105 7
116 5
112.0
107 2
112.6
93. 7
112.1
107 2
112 8
1
93. 8 I
112.3
107 5
113.0
95 0
74. 9
112.7
!()7 4
11 3. 2
95 0
74.5
112.9
107 4
113.4
95 5
75 6
113.1
107 9
113 6
95 5
74.9
113.9
108 0
113.8
94 9
74.9
114.1
108 1
114.0
94 9
74 9
114.3
108 1
114.1
95 4
75.0
114.7
108 8
113.8
95 0
74.3
114.8
108 9
113.8
95 0
74.0
114.9
109 1
114.2
' 94 8
' 74 2
114.8
109 0
114.2
94 8
74.2
Hides, skins, and leather products
Foot wear
Hides and sk ins
Leather
.
Lumber and wood products
Lumber
do
do
. . do
do
do
do
96.6
110 6
65. 0
89.9
120.2
120.2
97.6
111 0
69.2
90. 1
119.7
120 0
99. 0
112 0
70.6
92. 9
119.7
119 8
97.3
112 0
62.1
92.0
120.5
120 1
98.0
112 1
66.5
91.9
121.1
120 3
98.1
112 1
64.8
93.5
121.7
120 9
97.9
111 5
66.4
92.7
122.2
121.5
100.4
111 5
74.8
97.3
121.8
121 0
101.0
111 7
76.3
98.0
121.5
120 7
100.0
111 7
73.4
96. 1
121.1
120.2
99.9
111 8
74.6
95.0
120.4
119 3
99.7
111 8
74.2
94.5
119.2
118.3
97.0
111 7
64.4
90.4
118.4
117.5
Machinery and motive products
do
Agricultural machinery and equip, .do
Construction machinery and equip. -do
Electrical machinery arid equipment. do
Motor vehicles- .. ._
.do
121.3
121.5
125. 8
119.0
119.7
121.4
121.6
126.2
119. 5
119. 7
121.4
121.7
126. 3
119.6
119.7
121. 5
121.8
126.2
1 19. 6
119.8
121.6
121.8
126. 3
119.7
119.9
121.8
122.2
127.1
119.9
120. 0
122.0
122.3
128.6
121.3
118. 9
122.4
122.4
129.1
122.6
118.6
122.9
122.6
129.4
124.2
118. 6
123.4
122.7
130.8
124. 8
118.6
123.7
122.3
130.5
125.6
118.6
124.0
122.3
130.9
' 126. 2
118.6
124. 1
122.4
.131.0
126.5
118.6
r
1
Revised.
Index on base previously used (1935-39=100) is 192.9.
§November 1953 indexes: All farm products, 249; crops, 234; food grains, 229; feed grains and hay, 188; tobacco, 433; cotton, 268; fruit, 219; truck crops, 186; oil-bearing crops, 263; livestock
and products, 263; meat animals, 267; dairy products, 289; poultry and eggs, 225.
^Revisions prior to August 1952 are available upon request.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
cfFor actual wholesale prices of individual commodities, see respective commodities.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December
1952
October
November
19 53
December
January
February
|
March 1 April
May
J title
July
September
| August
Oetot
COMMODITY PRICES—Continued
WHOLESALE PRICES^— Continued
U. S. Department of Labor indexes:— Con.
Commodities other than farm prod., etc.— Con.
Metals and metal products..'
1947-49=100..
Heating equipment
do
Iron and steel
_.
do
Nonferrous metals .
_ ..
do ;. _ .
Nonmetallic minerals structural
do
Clay products
do ...
Concrete products
do
Gypsum products
.do. ..
124.1
1.13. 7
127. 3
122.9
114.4
124.0
112.7
117. 7
123. 9
113. 6
127.0
122. 5
114. 5
124.0
112.7
117.7
124.0
113.6
127.0
122.3
114.6
124. 0
112. 7
117.7
124. 0
113.8
127. 1
122. 5
114 6
124. 0
112.8
117.7
124.6
1 13. 9
1 27. 5
124. 4
114 6
124.0
112.8
117.7
125.5
113 9
127. 7
131.5
115 1
124. 3
112. 8
118.3
125. 0
113 8
127.7
128. 2
116 9
124. 6
114. 2
122.1
125. 7
114 4
128.9
126. 6
1 17 2
124.7
1 15. 5
122. 1
126.9
114 6
130 9
127.6
118 1
125. 1
115 5
122.1
129.3
115 1
13* 7
126. 4
119 4
131. I
115 6
122. 1
129.4
1 15 6 '
136 2
124.5
119 6
131 4
116 1
122. 1
Pulp, paper, and allied products..
do. ._
Paper
_
do
Rubber and products
..
_do . _ .
Tires and tubes
-. _ _
do. .
Textile products and apparel . _ _ __ .-do _.
Vpparel
do
Cotton products
do
Silk products
. do
Synthetic textiles
do_. _
Wool products
do
115.5
124.9
126. 0
126. 3
99.2
98.4
99.2
140.0
89.5
113. 2
115.5
124. 9
126. 4
126. 3
98.6
98.3
98.4
139. 3
89.0
112. 6
115. 9
124. 9
127.7
126. 3
98 2
98 3
97 7
139. 7
87.8
112.6
115.8
124.9
127. 3
126. 3
98.8
100.0
97. 0
141.4
88. 1
113.0
115.3
124. 9
126. 2
126. 3
98.5
99. 9
96 1
141.4
88 3
111.5
115. 1
124.9
125. 7
126. 3
97 5
99. 6
93 1
141.4
87.9
111.9
115.3
124.9
124. 8
126.3
97.4
99. 9
92 9
131. 6
88.0
111.3
115.4
124 9
125. 4
126. 3
97.6
99 9
93 3
133. 0
87.4
112 0
1 1 5. 8
124 7
125.0
126 3
97.4
99 4
93 4
134 7
87.5
111 6
115.8
125 1
124.6
126 4
97. 5
99 3
94 1
134 7
87. 5
111 7
116
125
123
125
97
99
94
134
86
111
Tobacco mfrs. and bottled beverages
do
Beverages, alcoholic
do ...
Cigarettes
- - do..
112.1
110.5
112.0
112. 1
110. 5
112. 0
112. 1
110. 5
112.0
111.9
110. 1
112.0
111.9
110.1
112.0
114.8
1 10. 0
124. 0
114.8
110.0
124. 0
114.8
110. 0
124.0
114.9
110.0
124 0
115.6
110. 0
124 0
115.6
90.0
87.6
87.0
90.3
87. 5
87.0
91.2
87. 6
87.9
91.0
87.8
88.4
91.2
88.2
89. 7
90.9
88.0
89 5
91.4
88.0
89 7
91 1
87.7
89 2
91 3
87.3
88 0
' 128.5
115 8
T
134 6
122 8
l'>0 7
' 132 0
117 4
122.1
127. 8
115 8
133 4
122 1
120 7
132 0
117 4
122 1
116 9
126 5
124 0
126 4
r
96 9
r
98 5
93 7
134 7
86 7
111 2
117 5
126 5
124 2
130 1
96 5
98 5
92 4
135 H
85 1)
111 6
194 0
no o
116.2
111 2
124 0
118. 1
114 9
124 0
90 2
87 2
87 9
90 4
87 0
87 6
90 1
86 8
87 9
i 90 7
!86 7
i gg 0
2
9
5
I
5
3
1
7
7
8
r
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
Retail food prices
__
1947-49=100
do
do
CONSTRUCTION AND REAL ESTATE
COIN STR UCTION ACTIVITY t
3,094
2,858
2. 550
2.361
2,278
2 521
2,735
2 941
3 199
3 270
3 319
3 °90
3 °14
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
2,007
1,051
935
98
1, 934
1,024
1, 795
1. 575
1, 851
1,988
1 007
2,149
1 110
2, 181
1 lit
2 199
1 105
2 165
1 077
63
758
675
64
1.729
915
91
942
850
74
1,627
950
10'?
2 US
1 055
930
100
441
193
105
133
375
443
194
113
112
347
433
193
112
97
314
431
201
109
97
275
434
204
112
100
275
430
198
114
108
320
426
193
113
120
352
451
192
129
138
380
479
187
152
148
399
492
178
165
155
410
498
179
168
158
427
506
179
174
144
428
511
178
178
119
403
Public, total
--. do
Residential
do
Nonresidential building
do._
Military and naval _.
do
Highway
._
do. .
Conservation and development
do
Other types
-do
1.087
51
379
128
362
81
86
924
49
361
121
240
74
79
755
49
342
111
112
67
74
734
47
328
109
115
61
74
703
48
315
104
110
56
70
792
47
353
111
140
65
76
884
49
369
114
200
70
82
953
49
374
115
260
70
85
1, 050
1.089
1 120
1 125
1 096
New construction total
mil. of dol
816
863
770
74
944
830
94
880
105
980
107
50
384
121
330
76
89
975
112
970
110
46
372
121
375
79
96
47
378
116
400
76
108
43
373
121
405
77
101
374
U l>
390
74
101
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
35, 475
34. 561
r,5, 435
50 484
34. 661
Total projects
_
number
41, 569
53. 304
52. 54 4
50. 542
40. 069
42, 586
50 049
46 564
Total valuation
thous. of doL- 1.310,958 1,248,803 1. 467, 384 1 , 075. 8(58 1,021.310 1,347,518 1,741. "> 42 1,606.091 1, 115.509 1,793.342 1, 414. 408 1,741,673 1.892,388
350. 709
416,577
449. 779
553. 760
672. 838
477, 693
610.348
490, 650
372. 004
Public ownership -- do. . r 410, 433
724, 682
532 064
68Q 264
626, 089
758. 153
989, 691
670, 601
930. 941 1,068.704 1.052.331
900, 525
743 505 1. 182. 994
Private ownership
do
882 344 1 016 991 1 903 I'M
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
Valuation
Utilities:
Proiects
Valuation
number _ _
thous. of sq. ft
thous. of doL.
5, 161
38 822
470, 520
4, 382
39, 788
461, 476
51.596
3. 651
32. 343
713, 100
406,914
number..
thous. of sq. ft
thous. of dol._
43, 312
65, 489
602, 313
35, 487
55, 872
528, 429
29, 808
48. 996
438, 580
number, _
thous. of dol..
1, 665
152,455
1,336
195, 265
404
85, 670
364
63, 633
201
181
210
185
--
- number
thous. of dol
Value of contract awards (F. R. indexes):
Total, unadjusted
.
1947-49 = 100
Residential unadjusted
do
Total, adjusted
do
Residential adjusted
do
Engineering construction:
Contract awards (ENR)§
5.416
41. 455
680. 330
4o' 640
582. 061
65. 393
605. 200
47. 761
70 602
673, 887
778
135, 326
1, 247
219. 157
315
56, 125
294
93. 095
166
156
156
144
205
183
1.90
173
3, 589
3, 529
4. 760
35. 566
5. 020
35 185
459. 230
6, 209
57 374
764. 393
5, 267
40 292
545, 851
4. 675
3S 407
783, 266
5,316
5'7 43^
758, 130
66 655
637, 721
32. 745
49 797
463, 084
44, 227
70 206
653, 407
38, 554
53 242
507, 560
35,712
52 470
507, 430
42, 610
65 90^
634, 582
1.849
293, 569
2. 094
288. 783
1.874
138, 257
2, 336
269. 600
2, 335
304.917
1,796
269, 625
270,061
362
73. 986
409
93 756
405
430
54 938
532
105 942
408
56 080
403
181 352
430
999 g]9
151
163
180
186
205
210
195
194
197
192
173
182
177
176
179
179
161
164
169
174
31,115
374.321
••149. 175
460, 036
29, 960
46. 658
41.8, 568
911
134. 114
835
152. 793
353
181. 590
177
172
196
178
thous. of dol. . 1, 446, 381 1, 079, 879
30, 674
51.315
44.115
44.317
189
178
916
r
183
r IgJ
172
175
205
184
'218
906, 976 1,886,520 1, 023, 021 1,133,978 1. 473, 244 1. 083, 795 1,318,070 1, 262,992 1.111,213
Highway concrete pavement contract awards:©
2 4, 675
4, 874
2. 571
9,537
7, 006
5,258
3, 509
Total
thous. of sq. yd..
8, 333
<S, 658
5, 698
495
446
1. 226
1 652
1 675
1,512
390
413
Airports
do
278
973
2
3 315
2, 622
2, 775
3, 215
1,486
5 237 i
1,481
Roads
__
do
1,193
4, 590
4 23 l)
2 1, 454
2. 105
1. 026
1, 533
2.259
988
2.140
Streets and alleys..
.do
3. 273
2.682 '
3. 453
r
1
Revised.
Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.5; consumer prices, 51.8; retail food, 43.6.
awarded in prior months but not reported.
cfFor actual wholesale prices of individual commodities, see respective commodities.
t Revisions for 1950-July 1953 will be shown later.
§Data for October 1952 and January, April, July, and October 1953 are for 5 weeks; other months, 4 weeks.
QData for October and December 1952 and April, July, and September 1953 are for 5 weeks: other months, 4 weeks.
7.810
1 056
3 7f)X
2. 956
3
221
r 1KQ
1, 693
218
180
229
186
, l i t ) , 572 1 , 469, 252
7. 187
1 109
4 066
2. OH)
6.091
g99
'5 691
1 5R->
Data include some contracts
SURVEY OF CURRENT BUSINESS
December
S-7
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October
November
1953
December
January
February
March
April
May
June
July
August
^feer01"
t>ctot>er
CONSTRUCTION AND REAL ESTATE— Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(L T S. Department of Labor)
number
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total t
number _
Privately financed, to tali
do
Units in 1 -family structuresj
do
Units in 2-family structures!
do
Units in multifamily structures!
_ .do
Publicly financed, total
_
do Indexes of urban building authorized:
Number of new dwelling units
1947-49= 100. Valuation of building, total
do
New residential building
do
New nonresidential building. . . . _ _ . do....
Additions, alterations, and repairs
do
r
101,100
86, 100
71,500
72 100
79 200
105 800
111 400
108 300
104 600
96, 700
' 93, 200
92,000
54, 409
52, 785
42, 655
8 055
7. 075
1,624
40, 780
38, 305
30, 845
2 521
4, 939
2,475
38, 170
34, 029
26, 309
2 609
5,111
4,141
38, 776
35, 103
26, 858
2 511
5, 734
3, 673
44, 857
40, 199
31, 401
2 817
5, 981
4. 658
65, 421
56, 153
44,648
3 360
8, 145
9,268
60, 196
57, 222
46, 074
3 524
7,624
2,974
55, 199
52, 742
42, 478
3 296
6, 968
2,457
54, 053
51, 721
41, 351
2 635
7, 735
2,332
47, 133
46, 563
36, 975
2 896
6, 692
' 45, 918
44, 836
35, 673
2 246
6,917
r
1, 082
' 45, 970
' 42, 721
118.9
148.6
159. 5
137.1
134. 0
88.9
114.3
117.9
114.6
100.0
83. 1
108. 9
106.6
119. 6
92.8
85.0
106 6
107.4
108. 5
99. 6
95.8
120 2
124.9
118.2
106.8
142.8
170 0
193.4
148.7
131.4
133.7
183 4
181 4
200.9
151. 2
120.7
164 4
164.4
172. 5
145.9
118.0
160 0
160 3
159.8
159. 5
103.3
159.7
144.9
184.5
158.0
99. 6
144.9
141.0
154.4
137. 9
r
120. 6
120. 5
120. 6
383
122. 6
122.4
122.4
383
122.6
122.9
' 124. 0
385
M24.9
M24.9
r
562
604
564
604
567
604
568
fill
567
611
569
614
572
614
572
616
401
402
570
1
88, 000
3,249
43,214
42, 976
34, 507
2 646
5, 823
23H
100. 9
144.7
143. 3
144. 7
149. 6
94. 6
140.6
133. 6
154.3
137. 5
124. 9
392
124.6
583
639
584
640
604
524
572
418
33,615
r
r
r
r
T
2 383
6, 723
CONSTRUCTION COST INDEXES
Department of Commerce composite! 1947-49=100..
A. bertha w (industrial building)
1914—100
American Appraisal Co., The:
Average, 30 cities.
1913=100.Atlanta.
do
New York
do
San Francisco
do
St. Louis
_._
do .
Associated General Contractors (all types) _ _ d o
E. H. Boeckh and Associates:§
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:cT
Building
1947-49=100
Construction
__ _
do
Bu. of Public Roads — Highway construction:
Composite, standard mile
1946=100
557
521
551
572
521
551
573
522
558
574
522
560
574
523
559
579
525
561
587
525
564
592
524
568
573
616
580
639
.583
639
601
526
574
601
526
574
601
521
574
411
411
416
417
592
526
568
397
398
399
398
398
399
246.4
245.5
254.2
246.4
245.3
253.4
246. 3
245.1
253 3
246. 6
245. 6
254 1
246.5
245.3
253 9
247.3
245 9
254 3
247. 7
246 2
254 6
249.2
247 4
255 5
251.3
249 6
257 1
254.2
252.2
259 0
254.9
255.8
253 0
258 7
253 5
258 3
255. 6
253 2
257 3
249.8
248.2
250.5
256.8
232.4
249.7
248.0
250.0
255.8
232.3
249.8
248.5
249 9
255.5
232 3
251.0
248.9
250 6
256. 6
232 6
251 1
248.9
250 4
256.4
232 5
252
249
250
256
233
6
2
8
6
1
253 2
249 5
251 3
256 6
233 3
255
251
252
257
234
257
254
254
259
239
260
257
255
261
241
261
257
256
260
241
262
258
256
259
242
261
258
255
257
242
254.6
251 2
253.8
250 3
253. 7
250 1
254 4
250 9
254 3
250 8
2,54 8
251 2
255 1
251 4
256 0
252 0
257 4
253 5
259 4
255 4
259 0
254 6
258 8
254 \
°57 8
252 9
126 0
129.9
125 7
129.7
125 7
129 6
125 8
129 6
125 7
129 7
126 1
130 1
126 1
130 0
126 1
130 9
128 7
133 4
129 2
135 1
129 0
134 7
129 0
134 8
129 0
134 9
138. 6
2
0
3
4
2
139 4
5
7
0
2
l
5
4
8
2
2
0
8
0
0
6
133.2
0
7
0
0
3
9
6
2
6
5
133 9
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100-.
Adjusted
._
„ __
do
185.2
167.1
156.1
157. 5
149.0
168.6
145. 6
170 5
143.1
173 4
161.5
170 9
172.2
173 2
167.3
158 1
176. 1
164 6
173. 8
163 3
177.1
156 4
178.2
165 8
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: Face amount _._thous. of doL. 211,042
183, 801
206, 739
211,027
189, 690
193, 370
187, 078
201, 159
185, 610
193, 071
203, 130
185, 545
193, 538
Vet. Adm.: Face amount.
_.
do
220, 008
243, 087
915 950
226 936
243 300
247 529
227 910
151 570
241 928
247 905
224 596
309 4°9
291 656
Federal Home Loan Banks, outstanding advances
to member institutions
.
mil ofdol
752
791
864
683
627
611
626
644
718
746
700
819
801
New T mortgage loans of all savings and loan associations, estimated total _ . _ _ _ _
thous. ofdol
522, 681
733 916
658, 787
541,295
497 314
523 210
639 133
677 941
690 277
706 631
757 569
684 94')
688 14'7
By purpose of loan:
147 444
931 g7Q
Home construction
do
207 589
2Q5 584
163 074
161 405
164 177
225 896
241 284
217 9 l) i
236 513
208 137
218 785
9
Homo purchase
__
do
339 956
303 107
243 112
248 448
222 232
222 353
66 289
288 443
295 337
327 046
355 316
318 3r>9
328 453
KI\ c~i
Refinancing
do
42 379
54 597
49 739
49 Oil
52 694
62 308
60 425
58 627
59 961
51 969
58 476
52 094
Repairs and reconditioning
do
25, 997
20, 148
19,' 730
18, 408
20, 253
25, 121
26, 062
27,643
27, 307
27, 438
27, 043
27, 059
27, 204
77 gig
All other purposes. .
..
do
69 343
53, 968
67, 497
61,973
60 219
79 831
63 733
77 115
76 994
80 221
71 845
69 780
New nonfarm mortgages recorded ($20,000 and
under), estimated total
thous. of dol._ 1,727.343 1 , 492, 390 1, 553, 457 1, 400, 615 1,391,203 1.626,602 1,708,623 1, 698, 634 1,769,259 1. 797, 760 1, 709, 392 1,728,508 1,745,841
Nonfarm foreclosures, adjusted index .1935-39=100. .
11.8
10. 6
11.6
13.4
13.2
13.1
14.0
12.8
13.0
14.8
14. 2
13. 6
79 706
Fire losses
thous o f d o l
63 958
65 129
83 471
76 659
67 369
64 '?39
67 614
107 713
74 938
68 551
f>8, 613
DOMESTIC TRADE
ADVERTISING
I
Printers' Ink advertising index, adjusted:
\
Combined index
1935-39 — 100 i
Business papers
do
'
Magazines
do. __!
Newspapers.
do
i
Outdoor
.....
do
j
Radio
do
Television 9
1950-52 — 100 1
475
529
420
340
378
268
157
473
570
408
330
371
256
159
488
539
394
323
373
265
162
465
556
390
338
382
238
160
466
564
411
332
369
235
154
500
571
421
361
398
249
178
498
564
426
350
391
249
181
507
570
429
357
399
241
191
512
565
438
356
387
246
198
541
560
420
362
412
278
238
504
578
382
354
394
265
197
524
575
417
377
395
258
196
531
569
441
366
405
238
217
Tide advertising index, unadjusted. ..1947-49= 100. _ I
165.4
157.6
127.3
119. 6
134.4
164.9
171.6
174.6
>8.6
124.8
188.8
126.6
161.8
r
Revised.
» Preliminary.
1 Data for November 1953, 80,000.
tRevisions for dwelling units authorized for January-July 1952 will be shown later. Minor revisions back to 1915 for the Department of Commerce construction cost index are shown in
the May 1953 Construction and Building Materials Statistical Supplement.
§ Copyrighted data; see last paragraph of headnote, p. S-l.
cf Data reported at the beginning of each month are shown here for the previous month.
9 Notice that the base for television differs from that of other media.
SURVEY OF CURRENT BUSINESS
S-8
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December lf>53
Novcm- December
I ber
January
Febru-
ary
March
April
June
July
August
Septem-
ber
October
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Radio advertising:
Cost of facilities, total
thous. of doL
Automotive, incl. accessories .__ _ _ ..do __
Drugs and toiletries
do
Electrical household equipment
- do. ._
Financial and insurance
do
Foods, soft drinks, confectionery
do
Gasoline and oil
do
Soap, cleansers, etc
do
Smoking materials
_. - do.. All others
_.
-... ...do. _.
15,442
396
4,287
464
308
3, 683
376
1.704
1, 292
2, 930
14, 478
640
3, 787
474
285
3, 424
366
1, 482
1,277
2,744
14, 925
522
4,278
357
323
3,789
446
1,588
1,322
2, 301
13,878
598
4,212
388
215
3, 510
446
1.192
1 . 295
2, 022
12,660
397
3, 846
329
203
3. 178
409
1.118
1.291
1 . 890
14. 661
521
4.403
349
234
3. 557
454
1,324
1, 463
2, 357
14. 218
508
4.268
385
223
3,606
402
1, 331
1,415
2,079
14, 107
511
4,288
377
236
3, 549
372
1,238
1.420
2. 115
13, 246
557
4,129
433
238
3,046
386
1.372
1,370
1,715
1 2, 226
(507
3, 684
435
226
2. 985
412
1 , 335
992
1,550
11,706
679
3. 363
366
290
2. 689
396
r
1,304
876
1,742
12,163
739
3, 468
425
291
2, 665
345
1, 368
' 929
r
\ , 932
13.699
979
3. 785
379
286
3. 100
338
1,429
1.27!
2, 133
Magazine advertising:}:
Cost, total
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods soft drinks, confectionery
Beer, wine, liquors
63, 494
5, 250
4.775
3, 139
7, 556
9, 047
2,924
63. 849
4,296
5, 102
2,363
7, 657
8, 753
3, 250
48, 083
3, 802
2, 507
942
5, 502
6, 957
4,261
35, 018
1 . 563
4. 033
1 . 343
4,461
5,173
1,480
50, 682
3, 271
4.744
2.099
6. 068
8. 758
2. 314
65. 645
5, 884
6. 199
3, 343
7,018
9, 653
2,606
65, 525
4, 593
6, 135
3, 832
6,425
8, 230
2,625
67, 606
5, 536
6,400
4, 340
6.572
7,831
2,630
57, 876
3, 771
5,894
3,498
7,150
8,016
2,452
37, 505
932
4, 265
1.832
5, 744
6,179
1,809
42, 740
4,300
4,977
1.881
5, 429
6,056
1,402
60, 152
7,110
4,484
3, 428
6,419
7, 433
2, 062
72, 670
5, 85(1
5, 770
3, 604
7,915
10.010
3. 126
4,171
3, 290
4,175
1,429
1.527
17, 838
3. 209
1.744
3, 118
818
1 , 669
13. 555
1,013
938
2, 639
830
1,112
10, 434
2.115
1.555
3. 025
1 272
1 . 388
14, 074
4, 675
2. 551
3,618
1 699
1, 444
16. 954
5, 614
4, 178
4,079
1 711
1,260
16, 844
5,561
3, 791
3, 996
1 940
- do-_
do
4, 590
4, 015
3, 981
1 509
1,480
15. 228
17, 308
4, 570
2,087
3, 891
1 615
1,677
13, 252
2,117
647
2. 607
1 073
L191
9, 109
1, 592
1,501
2,986
1 165
1,379
10, 071
3, 788
3, 077
3, 678
1 300
1, 581
15. 793
4, 985
4. .W4, 640
1 661
1.75!
18 753
thous. of lines
4,898
4, 299
3, 162
3,667
4, 251
4,991
4,699
4,445
3,360
3, 205
4, 136
4. 965
5, 230
245, 004
56, 593
188, 410
10,383
2 518
39, 411
136, 098
234. 873
52, 399
182,474
10, 734
2 400
34, 359
134,981
219, 798
45, 563
174, 235
8,847
2 55()
24. 506
138,332
182, 718
50, 052
132, 666
9,121
3 808
21 . 433
98, 304
186,115
49 479
136, 636
8. 720
233, 487
58, 194
175, 292
12,535
2 910
35, 090
124, 758
244, 446
62 385
182, 061
13, 493
2 549
36, 191
129, 828
215, 965
56, 330
159, 635
13, 550
2 691
3l! 171
112,223
187,997
53 368
134, 629
11,581
3 074
24. 531
95, 442
198, 647
56, 553
142, 095
11,417
2 021
23, 034
105. 623
219, 558
54.175
165, 383
11.910
2 515
31,684
119,275
2 U, 371 )
55 8T»
18* 537
14,312
26. 537
99, 001
231,721
58. 456
173. 264
10, 877
3 017
33, 812
125, 559
6, 764
125, 622
114,728
7 299
131, 677
6. 672
121,828
6, 423
120,178
7,928
150.315
6, 946
128,270
6, 385
117,261
6, 657
126,017
6. 299
1 1 9. 269
5. 856
117,247
6, 2S1
1 22, 91 7
6 556
119. 21 X
do
do
__do
do
- do...
do
do
Household equipment and supplies
Household furnishings
- .
Industrial materials
... .-Smoking materials
All othor
- -
Linage total
Newspaper advertising:
Linage, total (52 cities)
Classified
Display, total
Automotive
General
Retail
- - -
-
do
do
do-._-
do
do
do
do
_. _
do
do
...
Q
0"
1,700
r
39, isr,
132. 203
POSTAL BUSINESS
Money orders issued (50 cities):
Domestic:
Number
Value
thousands
thous. of doL.
PER SON A L CON SUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Durable goods total
Furniture and household equipment
Other durable goods
004 4
027 7
•>3() 4
°31 0
do
0$ '>
do
do
Y> 3
30. 2
13 4
12 4
4.4
30
14
1°
4
7
3
1
4
3D. 4
13 S
1 2. 3
4.3
121 2
20.9
74.2
6. 2
2.0
5 2
12.8
V>2
'1)
74
6
1
9
5
3
121.3
19.9
74. 5
Clot hin°' and shoes
Food and alcoholic beverages
do
Other nondurable goods
4. 4
I'M 1
21 5
73. o
6 1
2. 1
5 2
do
do
Semidurable housefurnishings
11 5
do
Services total
Housing
Personal services
Recreation
Transportation
do
do
do
do
9 9
I
5.2
5 4
13 0
1 2. 9
77 ft
11 5
79.2
11.8
26.4
4 3
4.4
6 3
25 4
76. 3
11 3
25. 3
4.3
4.4
6. 2
24.8
75. ]
11 3
24.8
4.2
4.3
6. 1
24 3
do
O
4.3
4.5
6.4
25. S
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), totaL.mil. of doL.
Durable-goods stores
do
\utomotive group
do
Motor-vehicle, other automotive dealers
mil. of dol._
Tire, battery, accessory dealers
do
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
Jewelry stores
- - _ . _ _ do
Lumber, building, hardware group. ... .do
Lumber, building-materials dealers ._ do
Hardware stores
do
Nondurable-goods stores.. _ ...
Apparel group
Men's and boys' wear stores
_
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
_
_ _ _ _ _ _
Drug and proprietary stores
Eatins and drinkine olaces
do
do
do_.
do
do
do
do
do
14, 819
5, 116
2,681
14,008
4,514
2,319
16,910
5,214
2, 378
13, 054
4, 450
2, 546
12.329
4, 357
2,501
13, 956
4.969
2,848
14, 167
5, 139
2,919
14, 665
5, 400
3 093
14, 578
5. 480
3 033
14,385
5 378
3 068
14,176
5 189
2 838
2, 509
172
834
495
339
123
961
728
233
2, 166
153
823
481
342
126
812
593
219
2, 175
203
] , 039
571
469
338
878
588
290
2,411
136
676
374
302
96
684
518
166
2, 377
124
656
355
301
89
660
492
167
2, 705
143
676
391
285
95
788
588
200
2,764
155
676
397
280
101
868
649
219
2,929
163
752
455
297
104
897
662
234
2.862
171
796
453
343
108
965
733
232
2,910
158
741
411
330
87
951
725
236
2, 690
148
785
435
350
91
964
736
228
9, 703
1,023
240
411
221
151
401
1.122
9,493
1,003
259
384
216
144
385
1,044
11, 696
1, 533
427
560
353
194
513
1.109
8,604
740
187
286
156
111
392
1,008
7,972
616
145
254
126
91
387
940
8,986
893
184
368
190
150
381
1.055
9,027
866
184
362
173
149
383
1.024
9,264
888
188
375
170
155
397
1.085
9.097
873
198
342
172
161
396
1.093
9,007
708
149
277
151
131
392
1.181
8,987
699
133
276
161
129
390
1.188
Revised.
^Unpublished revisions for magazine advertising for January and April through October 1952 will be shown later.
r
14. (5S2
5 003
r 9 71-57
14,953
5 287
9 %2
'2. 594
2, 806
1 56
781
431
350
94
r
r 143
r
724
-389
' 334
r
87
r
943
r
T
r
9, 080
r
840
r
156
r
324
r
192
r
167
r
r
111
231
377
1.147
97<i
724
252
9, 665
906
176
354
210
166
390
1.153
SURVEY OF CURRENT BUSINESS
December lJ)f>3
Unless otherwise stale*!, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-9
1952
>
October
-
1953
m-
De
b?rm'
January
ary
March
April
May
June
July
Au
October
her
DOMESTIC TRADE—Continued
K KTAIL TRADE— Continued
All retail stores — Continued
Estimated sales (unadjusted)— Continued
Nondurable-goods stores — Continued
Food group
mil.ofdol
Grocer v 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
Estimated sales (adjusted), total
do
Durable-goods stores
do
\utoinotive group
do
Motor-vehicle, other a u t om ofive dealers
- _ __mil. ofdol
Tire, battery, accessory dealers
do
Furniture and appliance group ..
do
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
Jewel rv 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 bovs' 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
Food group
_.
Grocery stores
- -.- _
_-
do
do
General-merchandise group
Department stores, exel. mail-order.
Mail-order (catalog sales)
Variety stores
Other general-merchandise stores
Liquor stores
Estimated inventories:
Unadjusted, total
Durable-o'oods stores
Nondurable-goods stores
do
_do
do
do
do
do
3,440
2.787
902
1,773
979
137
258
398
283
3,427
2. 763
852
1, 769
978
139
257
395
289
r
3, 555
2 843
872
2 790
1,521
187
521
561
411
3. 395
2 756
779
1.239
673
88
186
293
229
3, 095
2 526
752
1,171
624
94
193
260
230
3, 301
2 667
810
1,466
810
115
232
309
3, 395
2 742
826
1.479
829
98
245
306
249
3. 485
2 858
888
1 536
879
98
93 ^
324
261
3, 377
2 781
916
1, 542
855
104
241
343
247
3. 478
9 897
tf71
1 , 346
708
87
233
318
208
3, 425
2 858
960
1 . 460
774
100
242
344
269
14, 410
4.871
2 617
14. 140
5, 000
2 738
14, 514
5, 304
2 951
14. 437
5.211
2.802
14. 280
5.124
2 856
14, 424
5,154
2,871
14,412
14, 469
5, 102
2 836
14,073
4,914
2 629
r
2, 775
176
811
451
360
2. 628
174
768
442
326
2 695
161
744
424
320
2,712
159
778
448
330
2,663
2. 094
142
768
426
342
2,490
' 2, 530
153
786
441
344
14, 202
4, 844
2, 044
14,026
2,490
154
754
449
305
2, 388
160
790
468
322
2 453
164
451
325
2, 572
167
773
443
330
130
832
618
214
121
841
622
219
123
847
631
216
127
846
629
218
134
876
648
229
138
915
681
234
130
861
652
209
114
852
634
218
113
848
633
215
111
S72
637
235
9, 257
897
216
358
177
146
398
1,051
9,539
987
232
389
206
160
411
1,091
9, 140
891
210
342
193
146
414
1,087
9,211
883
210
346
188
138
412
1,075
9. 225
916
209
355
204
148
397
1,101
9, 156
865
199
348
185
132
405
1,082
9, 270
915
204
375
189
147
404
1,086
9, 309
919
195
382
193
149
402
1,086
9, 367
900
196
357
196
152
393
1,115
3, 362
2 735
875
1, 586
884
111
239
352
256
3 372
2 730
893
1,690
918
123
262
387
275
3 353
2 714
850
1, 543
852
109
237
345
254
3, 393
2 743
869
1, 560
855
116
250
339
264
3, 376
2 741
845
1.582
870
118
'254
340
263
r
9, 159
812
168
320
193
131
391
1,100
3,419
2 770
854
1.638
903
115
260
360
279
3 575
? 988
935
1,715
934
112
266
402
305
13, 982
4. 865
2 667
14,024
r
106
900
671
229
9, 358
930
226
361
194
149
399
1, 063
3, 350
? 783
r
908
1,551
f
844
110
r
240
357
r
275
T
4, 769
2, 548
5 103
2, 816
3,407
3,367
3,394
3,434
2 773
855
1, 526
835
107
254
329
271
2 759
854
1,628
902
118
265
343
268
2 785
868
1, 634
898
116
264
357
275
2 860
874
1, 636
874
119
286
356
283
r
139
771
416
355
' 137
<• 712
••380
'332
105
-880
r
r
r
223
9 117
r
796
r 168
'310
175
144
387
1, 077
r
f
r
r
r
3, 444
r 2 843
3,413
2 834
880
1,595
868
109
264
353
279
r 877
' 1,548
••832
103
r
262
'352
r 285
f
22, 059
9 366
12, 693
19, 544
8 838
10, 706
19, 896
9 292
10, 604
20. 738
9 789
10, 949
21, 967
10 473
11, 494
22, 403
11 014
11, 389
21, 946
10 800
11, 146
21, 295
10 419
10, 876
21,421
9 125
12, 439
10 476
10' 945
21,759
10 273
11 486
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
20, 652
9 175
3. 093
1, 643
500
2,229
1,710
20, 895
9 384
3,212
1, 643
409
2,281
1,749
20, 804
9 352
3.272
1, 639
490
2, 208
1, 743
20,814
20, 973
9 905
3, 457
1,662
491
2,449
1,846
21, 096
10 084
3,500
1, 651
488
2,565
1,880
21,656
21, 543
10 252
3,592
1,703
482
2,564
1,911
21, 572
10 257
3,657
1,669
503
2,516
1,912
22, 088
10 560
3! 929
1, 714
492
2,493
1,932
22 115
10 449
3 888
1,691
496
2,426
1 948
r
9 539
3, 307
1, 659
496
2,299
1,778
11,477
11,511
2, 830
801
2 089
3, 424
2,367
11,452
2,790
11, 528
2 735
2 021
3, 636
2 359
11 666
2 846
809
2 059
3 583
2 369
r H 5^4
2,817
799
2 091
3, 383
2, 387
2,744
191
21
76
53
61
56
30
Nondurable-goods stores
Apparel group
Drug and proprietary stores
Food group
General-merchandise group _.
Other nondurable-goods stores
do
do
do
do
do .
do
Firms with 11 or more stores:
Estimated sales (unadjusted) , total
do
Apparel group
._ -do.
Men's and bovs' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
do
Drus and proprietarv stores
. ... _ do
Eating and drinking; nlaces
do
Furniture, homefurnishings stores..
do
General-merchandise group
- do
Department stores
do
Dry-goods, other g e n e r a l - m e r c h a n d i s e
stores
. . .
. . mil.ofdol
Variety stores
do
Grocery stores _. _ _ . _
.... .do Lumber, building-materials dealers
do
Tire, batterv, accessory stores
do
Estimated sales (adjusted), total
do
Apparel croup
do
Men's and bovs' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietarv stores
_ _. do
Eating and drinking places
do
Furniture homefurnishings stores
do
General-merchandise group
do
Department stores _
. .
_. do
D r y-goods , other g e n e r a 1 - in e r c h n n d i s e
stores
_ _
_ _
mil. of dol
Variety stores.
.._
... do
Grocerv stores
do
Lumber, building-materials dealers
do
Tire, battery, accessory stores, _ .
..do
Revised.
11,275
11,068
11,012
11,315
2, 703
760
2 119
3, 384
2, 309
2, 559
745
2 047
3, 471
2, 246
2, 506
710
2 053
3, 497
2,246
11, 260
2 576
732
2 060
3, 622
2 270
11,291
717
2 183
3, 373
2,389
2, 573
708
2 099
3 622
2,296
2 650
751
2 040
3, 560
2, 314
2, 666
182
21
74
49
00
50
31
3, 457
293
35
119
80
87
55
32
2, 285
132
15
51
38
60
50
20
2, 145
119
13
47
36
57
47
22
2, 485
188
19
74
56
60
54
28
2, 546
180
17
70
60
60
56
24
2,604
2,576
180
17
72
58
62
58
30
178
17
68
62
62
59
26
2, 460
142
11
59
49
63
61
24
2,501
138
10
59
46
62
59
27
856
396
835
366
1, 335
539
556
248
543
233
684
302
718
338
747
376
750
362
652
306
705
325
131
201
1, 015
81
53
135
203
1,020
64
49
205
414
1, 056
53
83
142
1,039
51
43
78
144
939
47
41
103
172
999
54
49
104
183
1,013
62
54
102
177
1, 050
63
56
108
184
1,015
08
60
92
172
1 038
67
107
182
1 035
68
55
2,622
2, 555
175
2 506
167
16
68
49
63
51
27
2, 570
168
18
66
52
02
52
27
2, 591
J71
18
64
55
61
53
31
2 579
171
17
69
51
03
56
26
2,586
2 618
174
17
69
56
64
59
2 635
184
IS
73
61
61
60
'•">
783
351
735
323
817
345
727
345
756
359
769
357
745
343
79 r>
377
778
356
7g9
120
204
1 009
62
52
119
189
1 013
64
53
145
210
1 003
64
52
98
181
995
63
60
101
187
1 000
69
61
114
189
1 004
69
57
112
190
1 018
64
58
108
200
999
(50
54
U9
1 030
61
54
18
177
18
70
57
64
57
30
9{}
'^l
9 023
772
153
293
173
152
379
1 088
3 407
2 833
900
1,526
840
96
248
341
280
22 343
10 392
22 858
10 347
12 511
22 280
10 696
4 094
1,728
500
2, 380
1 994
22
10
4
1,
r 11 951
r 2 579
72
50
62
52
29
2, 638
195
20
80
56
62
5?
2°
180
19
71
53
61
54
28
777
96
863
629
234
657
21,564
10 396
3, 676
1,706
492
2,584
1,938
2, 753
141
701
389
312
T
do
do
__ do
-
5 001
2 894
9' 813
818
2 091
r 3 541
r 2 39]
' 2, 524
061
468
053
658
508
2,298
1 951
11 593
2 839
813
2 099
3 5<;>2
9 320
25
2, 767
188
18
73
57
64
61
32
r 726
T 335
798
370
r 171
13
65
r 59
60
r ()()
107
r 183
r 1 014
r
71
47
122
909
1 131
70
9 539
1 65
15
05
54
03
59
169
16
69
55
63
165
15
03
55
63
T 59
O«
r 9C>
9(r
3 c,o
735
328
'710
704
318
104
208
1 045
61
47
109
198
1 044
62
50
105
199
104
192
1 058
56
50
r 317
r 1 066
'56
47
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December 19f)3
1952
October
November
1953
December
January
February
March
April
May
June
July
August
September
October
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49=100
Instalment accounts do.--_
Ratio of collections to accounts receivable:
Charge accounts
percent -Instalment accounts
do
Sales by type of payment:
Cash sales
_. .percent of total sales . Charge account sales
do
Instalment sales
do
Sales, unadjusted, total U. S.t
Atlanta
Boston
_- .
Chicago
Cleveland
_
Dallas
Kansas City
_
Minneapolis
New York
Philadelphia
__ _.
Richmond
St Louis
San Francisco
1947-49=100._
do
do
do
do
do
- do.
do
do
do
do
do.
do
Sales, adjusted total U. S.t
.
do
Atlanta
do _
Boston
do
Chicago
-- do_Cleveland
do
Dallas
do
Kansas City
.
do
Minneapolis
do
New York
.-- .-- do_
Philadelphia
do
Richmond
-do
St. Louis
- do
San Francisco
do
Stocks, total U. S., end of inonth:J
Unadjusted
do
Adjusted
do.
Mail-order and store sales:
Total sales 2 companies
thous. of dol
Montgomery Ward & Co _
- do___
Sears, Roebuck & C o
. d o
Rural sales of general merchandise:
Total U S unadjusted
1935-39=100
East
do...
South
do
Middle West
do.
Far West
do
Total U S , adjusted
do
East
do
South
do
Middle West
._
do..
Far West
do
WHOLESALE TRADE
Sales, estimated (unadj.), totalf
mil. of dol._
Durable-goods establishments
do
Nondurable-goods establishments
do
Inventories, estimated (unadj.), total 9 _.
do
Durable-goods establishments
do
Nondurable-goods establishments
do
128
201
138
211
183
231
50
18
48
17
48
17
46
43
11
47
42
11
120
132
••110
116
••120
147
226
126
224
123
222
122
220
124
220
123
219
114
214
113
218
125
222
132
229
47
16
44
15
49
17
46
15
46
15
47
15
46
15
45
15
46
15
48
16
49
42
9
47
42
11
47
42
11
46
43
U
47
43
10
47
43
10
47
43
10
47
42
U
47
42
U
46
44
10
46
43
U
134
120
124
113
120
132
126
118
134
145
127
129
139
145
132
120
127
143
142
134
136
196
221
193
186
194
215
196
175
181
194
214
189
208
85
97
83
83
87
101
86
74
80
82
83
83
91
88
102
80
85
89
101
91
80
81
85
89
89
94
103
124
95
101
107
117
103
92
93
106
110
104
102
104
117
101
104
103
117
106
97
95
103
111
105
105
115
131
106
114
115
127
115
107
101
118
128
118
117
108
114
103
110
111
118
111
98
99
105
112
110
112
89
102
76
89
89
104
91
84
75
83
96
86
101
98
114
79
98
104
116
104
97
75
92
97
100
109
••112
122
112
' 113
114
119
109
110
102
108
121
109
111
P115
P130
v 106
p 112
p 115
p 128
pl!3
pl!8
pllO
p 114
p 121
p 119
p 111
115
'130
' 110
112
115
128
'115
108
••108
112
126
115
118
111
128
105
107
113
128
115
104
100
109
116
113
117
115
129
107
114
117
128
118
110
103
111
123
115
117
111
126
105
107
113
127
114
103
100
108
113
108
116
112
124
106
110
115
125
115
105
100
112
117
113
116
115
128
105
114
116
126
114
108
103
112
124
118
119
110
118
106
110
105
124
112
99
102
113
117
111
116
117
134
106
114
115
131
115
107
104
119
129
118
124
115
128
103
112
118
134
118
106
102
110
119
122
121
113
127
106
110
114
124
111
105
104
117
120
107
117
112
130
99
109
120
127
112
102
99
116
114
110
113
'107
119
105
r
106
109
112
103
100
98
104
114
102
110
P 110
p 128
Pl06
Pl09
p 110
pl22
pl08
p 103
P 104
Pl06
p 116
plOS
p 111
134
121
137
122
107
120
111
123
119
123
127
122
132
125
132
127
123
128
121
130
126
131
132
128
pl41
p 128
418, 732
118, 142
300, 590
391, 569
108, 525
283,045
546, 465
155, 594
390, 870
268, 261
62, 778
205, 483
258, 518
62, 171
196, 347
327, 550
87, 515
240, 036
345, 223
90, 564
254, 659
384 048
95, 059
288 989
380 397
92, 804
287 593
316, 298
78, 977
237, 320
339, 713
89, 164
250, 549
351, 988
91, 513
260 475
377, 007
99,860
277 147
378.3
356.9
445.0
366.8
410.8
316.3
310.3
348.2
312.2
365. 5
432. 6
441.5
478.2
393. 7
500. 3
333. 8
310. 5
347.0
299.6
399.0
554.4
502.9
585. 8
527. 9
662. 3
371. 8
330. 8
411.7
351.5
418.4
253. 7
238.6
281.0
237.2
286.3
335. 1
314.8
351.2
316. 3
389. 0
277.7
254. 3
308. 1
254. 7
301 9
331.8
306. 4
354.1
318.4
404.1
322.5
316.3
349. 5
312. 1
352 3
347.9
326. 0
379.9
327. 8
404.9
293.6
265.8
313. 3
274.9
340 2
313. 3
285. 8
348.9
287.6
371. 8
308 3
294.1
320 3
292.9
339 7
343.7
327. 5
386 4
330.6
379 1
316 8
281.7
334 8
309 9
369 1
355 2
313.0
385 3
338. 3
394 8
262 6
228.4
269 1
250.9
349 5
353 9
322.6
385 0
335.9
428 3
312. 7
278. 3
330 8
291.8
391 4
339.2
317.3
368.4
315.1
400 0
335 3
295. 9
358 6
315.0
403 7
308. 7
' 293. 8
323 6
292.8
356. 0
333.5
311.5
377.7
320.5
396 8
288.5
270.9
295.5
277.5
353. 0
10, 482
3, 552
6, 930
10, 177
4,790
5, 387
9,332
3, 068
6,264
10, 202
4,860
5, 342
9,643
3, 139
6, 504
9, 965
4,878
5, 087
8,474
2,687
5, 787
10,111
5, 099
5,012
8,242
2, 862
5, 380
10, 255
5. 325
4, 930
9, 398
3,184
6,214
10, 434
5 547
4.887
9,270
3. 288
5, 982
10, 376
5 569
4,807
9,014
3,079
5 935
10, 354
5 574
4,780
9,917
3,223
6 694
10,323
5 444
4,879
10, 186
3,150
7 036
10.260
5 416
r
4, 844
9,386
3,096
6 290
10.300
5 400
4.900
9,759
3,296
6,463
r
10, 526
r
5 379
T
5, 147
9,933
3,344
6 589
10, 714
5 359
5,355
r
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands ..
EMPLOYMENT
Employment status of civilian noninstitutional
population :cf
Estimated number 14 years of age and over,
total
thousands..
Male
- - do
Female
do
Civilian labor force, total -.
Male _ _
Female
~Employed
Male
Female
_
Agricultural employment
Nonagricultural employment
Unemployed
-
158,012
158, 233
158,448
158, 657
158, 848
159, 068
159,260
159, 473
159, 696
159, 959
160,228
160,485
110, 074
52, 144
57, 930
110, 198
52, 208
57,990
110,315
52, 265
58,050
i 1 10, 648
52, 502
58, 146
110,936
52, 698
58, 238
111, 210
52, 886
58, 324
111, 300
52, 932
58,368
111, 398
52 974
58, 424
111, 476
52 996
58,480
111, 542
53 006
58, 536
111,642
53, 052
58, 590
i 111,767
53 115
58 652
111 899
53 190
58 709
do
..do
do_.
-
157, 768
63, 146
43, 196
19, 950
63, 646
43, 218
20,428
62, 921
43, 240
19, 681
62, 416
43, 334
19, 082
62, 712
43, 692
19, 020
63, 134
43, 892
19 212
62, 810
43, 898
18, 912
62, 964
43, 848
19 116
64, 734
44, 862
19 872
64, 668
45, 260
19 408
64, 648
45, 056
19, 592
63 552
43, 917
19 635
63 404
43 626
19 778
do
do
do
61, 862
42, 482
19, 380
62, 228
42, 404
19, 824
61, 509
42, 275
19, 234
60,524
41, 974
18 550
60, 924
42, 448
18, 476
61,460
42, 784
18 676
61, 228
42, 794
18 434
61, 658
42, 950
18 708
63 172
43, 838
19 334
63 120
44, 236
18 884
63, 408
44, 242
19, 166
62 306
43 149
19 157
62 242
42 889
19 353
7,274
54, 588
1 284
6,774
55, 454
1,418
5,697
55, 812
1,412
1
5, 452
' 55, 072
1 892
5,366
55, 558
1 788
5 720
55, 740
1 674
6 070
55, 1 58
1 582
6 390
55,268
1 306
7 926
55, 246
1 562
7 628
55 492
1 548
' °
46. 874
7,274
56, 134
1 240
i 7 262
i 55 044
1 246
7 159
55 083
1 162
do
. . do.
do
46.928
46. 552
47, 394
' 48. 232 48. 224
48. 076
.
do
48. 490
46. 742
46. 994
48. 434
i 48. 215
48.495
i
'Revised.
*» Preliminary.
See note marked "d"" for this page.
JData for 1946-53 have been revised to reflect changes in seasonal factors and other minor changes. Unpublished revisions (prior to July 1952) will be shown later.
{Revised series. See corresponding note on p. S-3.
9 Inventories have not yet been made comparable to the revised sales series.
d* Beginning in January 1953, materials from the 1950 Census have been used in estimating the labor force statistics. Accordingly, the figures prior to January 1953 are not entirely comparable with those for subsequent months. The new materials were introduced gradually over the 3-month period January-March 1953. As a result, estimates of employment were raised by
approximately 400,000 and estimates of persons not in the labor force by about 200,000. The unemployment estimates were practically unaffected. In September 1953, a further revision in
the estimating procedure was introduced, which again affected the level of employment, but not of unemployment. In comparing the estimates for any month prior to January 1953 with
those for later months, the following rough adjustment factors could be added to the pre-1953 figure (or subtracted from the 1953 figure): Agricultural employment—January, 80,000; February;
160,000; March-August, 250,000; September-December, 450,000; nonagricultural employment—January, 50,000; February, 100,000; March-August, 150,000; September-December, minus 50,000;
persons not i7> labor force—January, 70,000; February, 140,000; March-December. 200,000.
Not in labor force
SURVEY OF CURRENT BUSINESS
December 1J553
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-ll
1952
October
19 53
November
December
January
February
March
April
May
July
June
August
September
October
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees in nonagricultural establishments:
Total, unadjusted (U. S. Dept. of Labor)
thousands ._
Manufacturing
do
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total
do. ._
Metal
do
Anthracite
do
Bituminous coal .
do
Crude-petroleum and natural-gas production
thousands ._
Nonmetallic mining and quarrying
do
Contract construction ._
_
.
do
Transportation and public utilities
do
Interstate railroads
do _ _ _
Local railways and bus lines
do
Telephone
do
Telegraph
___ .
_
do
Gas and electric utilities
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers-- -do
Finance, insurance, and real estate
do
Service and miscellaneous
do
Hotels and lodging places
do
Laundries
do
Cleaning and dyeing plants
..
do
Government
do
Total, adjusted (Federal Reserve)
Manufacturing
Mining
_..
Contract construction
Transportation and public utilities _ _
Wholesale and retail trade .
Finance, insurance, and real estate
Service and miscellaneous
Government
do
do
do _ .
do
do
do
do
do
do_ .
Production workers in manufacturing industries:
Total (U. S. Dept. of Labor)
thousands..
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
thousands. .
Sawmills and planing mills .. - do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown
thousands -Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
.- -thousandsPrimary smelting and refining of nonferrous metals
. thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands -_
Heating apparatus (except electrical) and
plumbers' supplies
thousands- .
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment.. do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs, _-do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
do
\rondurable-goods industries
do
Food and kindred products
_do-..
Meat products
do
Dairy products
do
Canning and preserving
-_ do
Bakery products
..
do
Beverages
do...
Tobacco manufactures do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
thousands
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
thousands
Women's outerwear
.. ._ ._ do._Paper and allied products
do
Pulp, paper, and paperboard mills. -do. ..
Printing, publishing, and allied industries
thousandsNewspapers
do
Commercial printing
do
Chemicals and allied products
. . do.
Indtistrial organic chemicals
do
Preliminary.
' Revised.
49, 095
16, 778
9,594
7,184
871
99
63
330
49, 310
16, 874
9,750
7,124
871
101
62
331
50, 140
16, 952
9,856
7,096
870
102
62
331
48, 382
16, 884
9,880
7,004
866
102
61
331
48, 369
17,013
9,989
7,024
856
101
60
325
274
106
2,728
4,296
1, 423
132
682
49
543
272
105
2,648
4,286
1,413
132
684
49
539
273
102
2,497
4,293
1, 406
132
687
49
541
275
98
2,303
4,210
1, 368
126
685
49
541
272
98
2, 280
4,210
1,356
132
689
48
541
10, 442
2,752
7, 690
1, 505
1, 376
785
1, 973
5, 303
456
344
177
6,704
10, 650
2,780
7,870
I 626
1,382
801
1, 973
5, 266
446
342
175
6,742
11,218
2,787
8,431
2 013
1,407
815
1,978
5,237
447
342
173
7, 095
10. 283
2.747
7, 536
1 407
1 371
808
1,969
5. 192
443
342
172
6, 675
10, 214
2, 743
7,471
1 355
1, 381
810
1.977
5. 194
451
340
172
6, 625
10, 284
2 730
7,554
1 396
1 389
813
1, 993
5. 225
456
340
175
6, (166
10,314 !
2, 713
7, 601
1 397
1 398
820
2,014
5, 307
464
344
181
6, 653
10
2
7
1
1
48, 664
16, 546
867
2,574
4, 303
10, 390
1, 993
5, 303
6, 688
48, 857
16, 755
870
2,571
4,293
10, 366
1,993
5, 292
6,717
48, 957
16, 870
871
2, 548
4,281
10, 397
1,988
5, 290
6 712
49, 014
16 949
H72
2 531
4, 246
10, 437
1,989
5, 298
6 692
49,113
17, 039
867
2, 562
4,261
10, 445
1 987
5. 300
6, 652
49, 148
17 168
854
2 529
4, 272
10, 390
1 993
5, 305
6 637
13, 560
7,774
132
13. 634
7,916
134
13, 699
8, 010
137
13,619
8, 020
139
13, 733
8, 115
142
728
440
322
459
730
433
329
461
704
420
330
458
676
406
329
451
87
1,116
88
1, 126
87
1, 137
557
557
41
49, 058
17, 040
10,096
6,944
831
100
56
300
49. 416
17. 162
10, 121
7,041
835
101
54
299
271
104
2,509
4 279
1 387
131
697
49
544
276
105
2,608
4,315
1,400
131
700
49
552
284
280
105
' 105
' 2, 662 ' 2, 703
4 334
' 4 340
' 1 410 1 406
131
' 128
704
710
48
48
559
' 561
348
712
636
406
399
829
2 025
5 357
470
349
184
6 669
10, 415
2,729
7,686
1,402
1, 406
839
2, 046
5, 397
496
354
187
6, 638
' T10 355 ' 10 340
2 736
2 736
7 604
' 7 619
T i 350
1 351
' 1 401 1 392
'852
••846
2 077
' 2 075
' 5 413
5 412
' 542
' 538
' 351
' 355
r
176
180
6 449
6 478
' 10 4f8 p 10 603
2 755
2 736
' 7 722
7 848
' 1 414 1 487
1 416
' 1 398
P850
' sro
49, 154
17 229
838
2, 517
4. 266
10, 402
2, 004
5, 307
6, 591
49 297
17 276
833
2 484
4 282
10 466
2 015
5 304
6 637
49, 486
17, 319
831
2, 508
4,282
10, 521
2,026
5, 317
6,682
' 49 511
r 17 303
'816
T 2 511
' 4 293
' 10 524
' 2 044
r 5 333
6 687
' 49 308
' 17 137
' 820
r 2 503
4 284
' 10 495
r 2 056
' 5 332
6 681
r
p 49 147
r 16 961
p 16 781
r
P 808
820
P 2 552
r 2 523
' 4 301 P 4 317
' 10 497 p 10 550
' 2 065 v 2 073
' 5 312 P 5 334
P g 732
r 6 685
13,831
8 211
147
13, 758
8. 215
1 50
13, 699
8 179
156
13, 787
8,190
158
r T13, 666
8 056
r
' 13 829 v 13 626
677
404
332
453
688
408
333
459
701
416
329
462
713
422
322
461
731
432
317
465
'718
'426
••315
T 456
87
1, 139
88
1,142
90
1, 145
91
1,144
91
1 138
92
1,143
561
562
563
564
562
662
567
571
r 572
564
41
41
41
42
42
42
43
43
44
44
44
888
903
922
931
942
952
952
952
956
'938
124
1,227
851
1,411
701
501
125
1,260
872
1,450
735
510
137
56
237
415
125
1,301
893
1,484
750
524
140
58
240
404
122
1,313
899
1,509
769
531
139
58
241
393
124
1, 323
916
1, 543
798
538
137
59
241
404
124
1 335
925
1 574 i
821
542
137
63
244
410
125
1,321
926
1, 576
831
533
139
62
244
411
123
1 307
919
1 556
816
532
135
61
244
413
123
1,300
911
1,548 1
803 i
535 '
136
63
245
415
117
1, 135
503
236
5 718
1, 142
254
80
172
187
132
109
1, 146
506
239
5 689
1,093
256
78
143
184
129
108
1 146
508
236
5 599
1, 045
249
76
132
179
124
101
1 132
502
230
5 618
1, 033
241
78
129
180
122
94
1 134
502
232
5 620
1 025
238
80
123
180
125
87
1 134
499
235
5 543
1, 027
233
83
134
179
127
85
1 119
494
233
5 520
1 051
233
87
146
181
132
85
1 117
494
232
5,597
1,097
237
94
165
184
132
85
1,122
497
232
1 103
123
1 104
122
1 114
121
1 109
119
1 137
124
1 139 1
126
1 086
124
1 061
' 125
1, 072
127
279
330
432
219
280
331
435
219
280
347
441
224
279
351
436
223
284
360
437
223
289
356
439
223
289
318
440
222
288
298
440
222
288
309
446
225
504
146
160
518
187
505
147
161
518
188
505
147
162
518
189
498
144
161
516
190
497
144
159
519
189
499
146
159
526
190
498
146
158 1
526 !
191
499
148
158
517
192
502
148
159
513
195
137
59
234
408
5,786
1,223
244
83
253
187
134
48, 685
17, 135
10, 103
7,032
846
100
57
318
271
99
2,301 !
4,235
1,361
131
694
48
543
48,860
17,077
10, 117
6,960
835
100
51
310
'
;
i
i
!
i
272
102
2,416
4,244
1,376
131
682
48
542
' 49, 215 ' 49, 410 ' 49, 632 » 49, 580
' 17 069 ' 17 265 'r17 215 p 17 Oil
' 10, 007 r 10,019
9, 952
v 9 873
' 7. 062 ' 7. 246 r 7, 263
p 7, 138
830
' 823
' 826
p811
P 100
' 99
100
100
50
' 49
50
'291
291
290
p 284
r 1(32
13, 862
8 065
159
r
2*0
' 105
2. 7' 0
4 3'/3
1 395
1'8
697
48
W6
r
r
r 2 055
r
5 392
4^4
3^7
181
r 6 663
"~Vio4
v 2 705
r> 4 310
2 052
5 334
p 6 754
49 164
r 8 009
' 159
P 7 933
p 159
724
r 434
'317
'715
429
» 708
r 318
r 464
r 466
p 315
P 462
90
'87
91
' 1 134 ' 1 131 ' 1 123 p 1 108
r
' 950
'943
122
120
121
' 1 264 ' 1 236 r 1 226
r 911
r 903
r 892
r
1 533
' 1 523 r i 478
r 796
730
T 780
' 537
' 542
549
134
' 129
129
r 55
58
' 59
' 241
' 242
' 239
403
419
'428
r 5 610
' 1 184
240
94
244
184
' 139
85
r i 094
T 490
r 226
' 5 797
1 256
239
92
T
309
182
144
r
r 108
r i 103
r 486
r 231
p933
P i 214
P 897
P i 464
p 243
p429
' 5 820 p 5 693
r 1 285
240
88
330
p 1 202
189
140
v 115
' 117
' 1 099 P 1 079
485
229
r i 114
r 1 096
118
r 129
129
r 277
r 293
r \ 053
r
314
r 442
225
••496
r 146
r 157
'339
451
227
'498
147
' 157
r 508
r 511
'195
'197
291
324
' 454
229
'506
148
1 X)
' 515
194
P i 087
P 451
"513
P 517
SURVEY OF CURRENT BUSINESS
1953
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October
November
December
January
February
March
April
May
June
July
August
September
Octc
EMPLOYMENT AND POPULATION—Continued
EMP LO YM ENT— Con ti n ued
i
i
Production workers in mfe. industries- Con.
Tolnl (V. P. Dept, of Labor) — Continued
Nondurnble-troods industries — Continued
Products of petroleum and coal
thousands..
Peiroleum refining
do..
Rubber product^
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do .
189
144
213
90
352
225
188
144
217
91
355
226
187
144
219
92
359
232
186
144
219
92
359
236
186
144
219
91
364
238
Manufacturing production-worker employment
index, unadjusted (II. S. Dept. of Labor)
1947-49 = 100..
Manufacturing product ion -worker employment
index, adjusted (Federal Reserve). ..1947-49 = 100..
109.6
110.2
110.8
110.1
111.0
107.8
109. 2
1 1 0. 0
110.6
111.2
315,261
138, 599
121,337
284, 896
109, 889
250, 904
77, 795
1 1 7. 558
239.117
233, 697
65, 91 2
2, 386
247
2, 383
246
2, 378
245
1,285
1,274
122. 5
118. 5
121.4
120.3
145.7
Miscellaneous employment data:
Federal and State highways, total§
.number
Construction (Federal and State)
. --do
Maintenance (State)
.._ ..
do
Federal civilian employees:
United States
thousands _
Washington, D. C., metropolitan area.. do
Railway employees (class I steam railways):
Total
thousands..
Indexes:
Unadjusted
1935-39 = 100.
\djusted
-- - do
186
144
221
92
363
238
188
144
221
~92
355
232
188
143
220
93
344
226
190
145
220
92
351
231
111.8
111.2
110.8
111.5
' 110.5
' 112.1
112.0
112.4
112.6
112.7
112.4
111.1
190
' 145
' 215
90
351
229
' 190
' 145
' 213
r
90
344
224
' 188
j> 186
145
' 215
"p 209
89
'344 " "P 334
223
' 111.8
p 110.2
' 109. 8
r> 108. 4
240, 604
259, 370
280. 496
312. 091
326, 974
71,537
112,856
91,151
112,583
110,780
114,107
131.103
112,723
120. 212
140,319
124.974
2. 370
245
2, 348
244
2, 331
241
2.313
238
2,291
234
2.291
234
2. 268
230
1 , 200
1 , 229
1 , 219
1,223
1,239
1,251
1.263
1,274
1,271
1, 259
1 . 248
119.8
121.7
117.1
121.8
1 1 6. 1
119.0
116.5
119.4
118.1
120.0
119.3
119.8
120.4
118.8
121.5
118.9
' 121. 2
' 118.7
P 120 0
p 117.1
P 119. 0
p 115.2
146. 3
150.9
148.4
149.3
151.9
150.0
149.9
150. 8
* 148. 9
' 151.4
' 150. 0
p 149. 3
41.4
42.2
42.3
41.1
41.9
41.0
41.7
42. 5
41.7
41.0
41.8
41.0
40.9
41.7
41.6
41.1
41.9
41.2
40.8
41.6
40.7
40.7
41.5
41.4
40.7
41.4
41.3
MO. 3
'40.8
'41.2
MOM
'41.0
40.9
r
39. 9
' 40. 5
'41.0
r 40. 3
P41.0
41.9
41.7
42.5
42.1
40.7
41.3
41.2
41.1
42.1
41.3
39.9
41.4
41.4
41.0
42.8
41.5
40.7
41.8
40.7
40. 3
41.4
40.6
39.6
41.7
41.0
40.6
41.5
41.0
39.9
41.4
40.9
40.4
41.6
41.3
40.6
41.7
41.0
40.7
41.3
41.1
39.7
41.2
40.8
40. 5
40.9
41.2
39.8
41.3
41.4
41.2
41.0
41.1
40.0
41.4
MO. 7
'40. 4
'39.8
'40.8
'39.0
'40.9
'41.0
'41.4
' 40. 8
41.1
39.9
'41.0
' 40. 5
40.9
' 40. 5
'40.4
39.7
' 40. 4
p 40.9
40.6
41.1
41.0
41.4
40.9
40.9
40.3
41.1
40.9
'40.8
' 41. 2
40. 6
41.4
41.6
41.8
41.9
41.7
41.7
41.6
41.6
41.5
'41.2
'40.8
42.5
42.4
43. 3
42.4
42.2
42.4
42.2
42. 1
42. 0
41.3
41.4
' 40. 7
42.2
42.7
41.7
42.6
43.1
43.0
39.4
40.0
42.4
42.1
41.2
42.6
41.6
41.9
41.9
43.1
37.8
40.0
42.5
42.0
42.1
43.5
42.1
42.7
42.4
43.9
40.2
41. f
42. 8
42.3
40.5
43.0
41.7
41.9
41.4
43.3
39. f
40.7
41. 8
41.4
41.0
42.8
41.2
41.8
41.7
43.0
38,3
40. 6
41.7
41.1
41.0
43.1
41.5
41.7
41.8
42.3
39.2
40.5
41.9
41.5
40.7
42.8
41.3
41.6
41.9
42.0
39.7
40.2
41.2
41.3
40.5
42.5
40. 8
41.3
41.5
41.7
39.7
39. 5
41.6
40. 9
40.1
42.2
40.8
41.2
41.5
41.2
39. 5
40. 0
41. 5
40. (
' 40. 1
'41.7
'40.1
'40.8
' 40. 7
41.5
' 39. 5
T
38. 8
' 40. 6
'39.7
'40.0
' 41. 7
40.9
r 40. 6
' 40. 0
41.8
39.4
' 39. 1
'41.0
' 40. 2
39. 0
40.3
41.8
41.9
43.4
40.7
41.6
40.8
40.4
40.5
40.6
39.9
40.1
41.7
43.4
43.5
36.2
41.5
41. 2
38. 5 !
40.4
40. 5 i
39.8
40.,
42. 1
44. 4
43.6
37.
41.3
40. (
39.
40.
41.
39.
39. 8
41. 1
41. *"
43.8
38.2
40.9
40. 3
38. 5
40. 1
40.4
38. 0
39.8
40.7
40.0
43.9
38.0
41.2
40.4
36.9 I
40. 1 :
40. 2
38. 5 |
40. (
40.8
40.3
43.4
37.6
41. (
40.2
37.8
40. 0
40.0 !
38. 7 ;
39. f
40.4
39.9
43.2
36.6
41.2
40. 6
37.2
39. 3
39. 7
39.5
41. 1
40. f
44.0
37. f
41.3
41. f
37. (
39. 4
40.1
37.2
39. 7
41. 7
41.5
44.7
38. 1
41.9
42. 6
37.0
39. 5
39 9
37.5
39. 6
'41.8
r
40. 7
'44.7
r 40. 4
41.6 !
' 43. 1I
' 37. 4
39. 1
39. 5
r
37. 2
39. 6
41.6
40.6
r
44. 1
' 41. 0
41.4
M2. 3
39. 1
38.9
39.2
r
37. 6
119,630
66. 668
1 1 6, 321
' 336, 979
' 149,936
123, 676
329, 727
147, 734
'117,069
2, 218
224
2, 245
227
p 304. 485
> 128. 102
119,845
p 2, 193
p 222
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted '(U. S. Dept. of Labor). .1947-49 = 100..
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :
All manufacturing industries
hours
Durable-goods industries _
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
_- --hours.
Sawmills and planing mills
_ do
Furniture and fixtures .
do_ _ _
Stone, clay, and glass products
do
Glass and glassware, pressed or blown.do
Primary metal industries
do
Blast" furnaces, steel works, and rolling
mills
hours
Primary smelting and refining of nonferrous
metals .
. . .
hours.
Fabricated metal prod, (except ordnance, ma
chinery, transportation equipment). hours .
Heating* apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment
_ _ do. _
Automobiles
do
\ircraft and parts
do
Ship and boat building and repairs __ do _ . _
Railroad equipment
. ...
do ..
Instruments and related products
do-._
Mi seel Ian eons mfg industries
do
Nondurable-goods industries
Food and kindred products
AT (Nit products
Dairv products
_ _
Cannin"' and preserving
Bakery products
._
Beveraees
_
Tobacco manufactures
Textile-mill products
.
Broad-woven fabric mills _
Knitting mills
__ . .
do. _ .
do
do
do
do
do .
do
do
. do
do
do. -
Apparel arid other finished textile products
37.2
37.2
37.
36. 7
37. 3
hours.
36. 1
35. 8
36.
36.4
Men's and boys' suits and coats.
_do.-_
37. 7
Men's and boys' furnishings and work
38.8
39.0 I
38.
37.3 'i
clothing
hours
37. <
35.2 !
35. 9 ;
34.7
Women's outerwear
do
36.
36. 4
43.8 !
44.
43.8
43.1
Paper and allied products
do
43. 0
44.4 1
44.2
44.
44.0 \
Pulp, paper, and paperboard mills.. .do...
43.9
Printing, publishing, and allied industries
39.0
39.0 i
39.
38.7
38. 6
hours. 1
36.3 !
Newspapers _ _
do
36. 4
35. 4 1
37.
35. 7
40.2
40. 4
Commercial printing.
.
do
40.
40.4 !
39.9
:
Chemicals ;md vallied products
do
41.7
41.
41.2
41.5
41.3
41.3
41.0
41.
Industrial on anic chemicals
do J
40.7 i
40. 3
Products of petroleum and coal
_.do~. ':
40. 9
40. 9
40.
40.6
40. 3
40.5
Petroleurn refinins'- .
do
40. 2
40.7 1
40. 1
40.
i
41.5
41.
Rubber products
do
41.
41.3
41. 1
40. 2
40.8
Tires and inner tubes
_
do
40. 7
41.
40. 2
:
38. 2
37, 6
Leather and leather products
do
39.
39. 3
39. 4
36, 3
Footwear (except rubber) . . . . . . do.
39.
39. 3
39.4
' Revised.
*> Preliminary.
§TotaJ includes State engineering, supervisory, and administrative employees not shown separately.
37. 3
I
:
1
:
;
Ml. 3
p 41. 1
p 40. 3
41.3
r 41. 5
'40.6
'39.6
38.7
41.3
38.2
39.1
'41.3
' 39. 7
39. 0
' 41. 9
41.7
44.2
40. 9
41.7
42.0
' 39. 4
' 37. 6
Ml. 5
p 42. 1
p 41. 0
p 40. 2
"MI.3
MO. 8
»- 39. 3
p 42. 0
r> 40. 1
f 38. 1
36. o
;
37.7
38.9
i
•
!
!
1
i
37. 0
37.6
36. 5
37."
36.4
36. 9
' 36. 0!
' 36. 8
;
37.2
38.4 i
36. 3
43.3
44. 0 :
37.8
36. (
43. 0
37.;
37. 4
34.7
43. 1
44. 2
' 36. 9i
' 34. 6•
'43.2 1
' 44. 5\
' 37. 4 •
35.2 '•
43.2 :
44. 3
36. 0
32. 2
'42. 7 ;""p~42.y
39. 1 !
36. 0 i
40.5 !
41. 5
40.8 1
40. 5
40. 4
41.6
41. 7
39. 3
39. 1
38.9
36. 4
40. 2
41.5 j
40.9 !
40. 5
40. 3
41. 1
40. 7
37.8
37.2 I
38.8
36. 5
40. 0
41.4
41 . 0
40.8
40. 5
40. 7
40. t
38. 2
37.8
38. t'
36. 0
'40.0 :
' 41. 5
' 41. 0!
41.4
41.2 |
' 40. 5i
? 40. 2
38. 1
37.9
' 38. 9
36. 0 !
40. 1 i
'41.3
MO. 7
41. (j :
40.4
' 39. n
r
38. 7
37. 9
37.3
' 38. 8
i 38. 9
36. 2
40. 0
'41.7 |
Ml. 2
40. 9
' 4 1 . 2 '""MO. 7
40. 7
38. 5
36. 4
' 35. 6"" P35.Y
34.5
44.
1
35. 2
43. 0
44. 0 !
£':
40.
41.5
41. 1
41. 1
40. r,
4!). ii
40. 4
37. 4
36.7
36. 6
;
;
' 34. 8
35. 4
p 36. 5
43. 8
SURVEY OF CURRENT BUSINESS
December KK5
Unless otherwise stated, statistics t h r o u g h
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey j
1953
1952
October
Xovernber
S-13
December
January
February
March
April
June
May
July
August
September
October
EMPLOYMENT AND POPULATION— Continued
LABOR CONDITION S—C o n t i n u e d
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
Xonbuilding construction
.
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)
hours
Food and liquor stores
do
Automotive and accessories dealers-, _do
Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do
Industrial disputes (strikes and lock-outs):
Beginning in month:
Work stoppages
number
Workers involved
thousands _
In effect during month:
Work stoppages
._.
number...
Workers involved
thousands
Man-days idle during month
do
Percent of available working time
U. S. Employment Service placement activities:
Nonagricultural placements.
thousands
Unemployment compensation, State laws (Bureau
of Employment Security):
Initial claims
thousands
Continued claims
filed
do
Benefit payments:
Beneficiaries, weekly average
do
Amount of payments _
thous. of doL.
Veterans' unemployment allow ancesicf
Initial claims
thousands
Continued claims filed .__ _. - - _.do
\niount of payments
thous. of dol
Labor turnover in manufacturing establishments:
Accession rate ..monthly rate per 100 employees -.
Separation rate, total
do
Discharge .
..
do
Lay-off
do
Quit
.-do
Military and miscellaneous
do
44 3 I
32.1
32.3
43.5
35.8
35.5
43. 5
34. 5
36. 4
43,0
28. 3
35.4
42.9
34.7
32.7
43.1
26.6
33. 1
43.2
25.3
32. 1
43.8
31.0
34.4
43.7
' 44. 0
44.5
36.8
36. 5
' 34. 1
r 34. 4
' 25. 1
' 37. 9
28. 8
35. 0
40.6
46.4
39. 6
43.1
38.7
41.5
44. 6
37.5
39.0
37.1
40.8
44. 0
38.5
40.1
38.2
41.2
42.8
37 2
38. 5
36. 9
40.5
43.2
37.4
38. 9
37.1
40.7
44.1
37.1
38.3
36.8
40.8
44.8
37.3
39.0
36. 9
41.2
45.2
37.9
40.0
37.3
40. 1
45.7
38.6
41.9
37.7
<• 41 . 4
45.4
38. 1
' 41.7
41.0
45. 7
38. 0
* 42. 7
37. 5
40. 6
44.7
37. 1
40. 2
36. 3
45.9
38.9
42.3
41.6
45.5
38.9
41.9
41.9
46.0
38. 8
42.1
41.6
44.5
38.6
41.6
41.7
44.8
38.3
41.5
41.2
44.9
38. 2
41.6
41.2
45.3
38. 3
41.6
41.1
45.7
38.7
42.4
41.2
45. 6
39.0
42. 0
41.5
r 45. 1
r
44.2
39. 4
42.1
41.8
40.7
40.7
40. 9
40.4
40.5
40.4
40.3
40.3
40. 4
r
40. n
40.7
40. 6
39.4
34.8
39.3
45.4
39.0
34.4
39. 3
45.1
39. 8
37.0
39. 4
45.4
39. 3
35. 0
39. 2
45. 3
39.2
34. 7
39.1
45.0
39.2
34.7
38. 9
45.0
39. 1
34.8
38.8
44.9
39.0
34.7
38.7
45. 0
39.4
35. 4
39.3
44.9
' 39. 9
30. 2
39. 9
r
44. 9
40.0
' 35. 9
39. 8
44.9
39. 2
35. 1
39.1
44.4
42.4
40.9
41.9
42.3
40.5
40.5
42.9
41.2
41.0
42.4
41.0
40.2
42.3
40.5
39.4
42.1
40.6
40.2
42.5
40.8
40.5
42. 1
41.5
41.9
42.0
40.9
41.3
r 40. 1
'39. 2
42.8
39 9
39.0
42.4
40.3
40.2
459
450
269
99
179
34
350
200
350
120
450
180
500
275
525
270
500
250
475
260
450
230
375
110
350
190
'768
584
5, 000
.53
475
215
1,560
.20
350
82
854
.09
500
250
1,250
.15
550
200
1,000
.12
650
230
1,100
. 12
700
350
2,500
.27
750
370
3,000
.34
725
400
3. 7f>0
. 40
700
410
3, 000
. 30
675
400
2, 800
.31
600
210
1. 550
. 17
550
250
1, 450
. 15
641
507
467
474
455
521
553
577
612
574
572
605
544
679
2,746
690
2, 576
1,126
3,844
1,074
4,602
761
4,223
831
4,288
888
4,081
802
3,567
825
3,587
1, 036
3, 648
807
3.280
822
3,224
928
2,933
530
54, 227
536
47, 730
672
69, 068
953
94, 360
956
86, 827
930
92, 308
840
82, 990
772
72, 144
734
72, 033
675
69, 175
679
64, 579
651
65, 300
656
66, 104
6
217
M9
2988
26
93
2,101
31
134
3,274
24
152
3,671
23
168
4,407
20
151
3,892
19
125
3,144
24
127
3, 095
135
3, 322
24
130
3,234
21
118
3,042
24
90
2,598
5.2
4.2
.4
.7
2.8
.3
4.0
3.5
.4
.7
2.1
.3
3.3
3.4
.3
1.0
1.7
.3
4.4
3.8
.3
.9
2.1
.4
4.2
3.6
.4
.8
2.2
.4
4.4
4.1
.4
.8
2.5
.3
4.3
4.3
.4
.9
2.7
.3
4.1
4.4
.4
1.0
2.7
.3
5.1
4.2
.4
.9
2.6
.3
4.0
52
"3.4
P4.5
P. 4
P 1.8
" 2.1
p. 3
70.38
76. 38
78.26
70.28
76. 26
75. 03
72. 14
77. 78
76. 73
71.34
76.91
75. 85
71.17
77. 15
77.38
71.93
77.52
77. 46
71.40
77.38
76.52
71.63
77.19
78.25
71.63
77.42
78.88
' 71.33
' 76. 70
r
77. 87
66. 62
66.72
63. 33
69.47
65. 92
65. 76
63. 15
68.97
65. 00
64. 37
64. 63
69. 31
63. 09
62. 47
62. 51
68. 21
63.96
63. 34
62. 67
69.29
64. 21
63. 43
63. 65
70. 21
65.19
64. 71
63. 19
70.28
66.10
65.61
62.58
70. 86
67.48
67.16
62. 73
70. 69
' 66. 34
r
65. 85
r
60. 89
r
70. 58
r
64.71
81.77
64.64
82.80
65.53
84.02
64.15
84.65
66.23
83.21
67.80
84.23
67. 89
83. 22
68.46
83.84
68.40
84.87
r
67. 08
"• 85. 07
r
84.45
86.31
86.51
89.01
85.89
85.89
84.63
86.72
87.53
r
89. 76
r
90. 64
77.00
77.79
78.58
79.61
79. 65
79. 65
79.46
79.46
80.10
' 80. 34
r
80. 38
75.65
75.90
78.37
76.74
76.80
77.59
77.23
77.04
77.28
76. 41
75.12
80.70
70.89
73.34
80.94
70.72
75.78
83. 52
71.57
72.90
82.99
71.72
74.21
83.03
71.28
74.21
84.05
72.21
74.48
83.46
71.86
73.31
82.88
70.99
72.98
82. 29
71. 40
' 72. 98
' 81. 73
* 70. 58
0)
0)
r 37. 1
39. 0
42.0
••41.7
-• 42. 2
44.8
38.6
42.0
41. 5
4.3
4.8
.4
1.3
2.9
.3
4.1
4.3
P. 4
1. 1
".3
r
!l
1.5
3.1
.3
WAGES
Average weekly earnings (U. S. Department of
Labor):
All manufacturing industries
dollars..
Durable-soods industries
do
Ordnance arid accessories
do
Lumber and wood products (except furniture)
dollars..
Sawmills and planing mills
do
Furniture and fixtures . .. ... . do
Stone, clav, and glass products
do
Glass and glassware, pressed or blown
dollars ..
Primary metal industries
.. . do
Blast furnaces, steel works, and rolling mills
dollars _ _
Primary smelting and refining of nonferrous
metals .
dollars
Fabricated metal prod, (except ordnance, machinery, and trans, equip.)
dollars..
Heating apparatus (except electrical) and
plumbers' supplies--. .. ..
dollars
Machinery (except electrical)
do
Electrical machinery
do
r
r
r
r
' 71. 02
77. 08
78. 53
r
79. 13
r
66. 83
67. 89
62. 37
71. 10
" 64. 02
p 72. 34
69. 87
85. 65
p 84. 63
67. 24
<• 6.8. 72
r 62. 42
71. 51
r
68. 63
85. 28
76.59
r
p 71. 73
p 77. 90
71.51
72. 80
' 81. 73
72.39
r
r
r
" 66. 67
91.35
84.67
r
75. 70
P 78. 02
71.76
r
82. 17
r 72 27
p 84. 20
p 73. 80
86.48
85.48
85. 69
87.11
85.06
85.49
85.70
85.70
r 84. 86
' 84. 04 ' 81. 97 P 83. 21
84.67
92.23
89. 25
90.31
86. 94
87.99
88.20
88.83
89. 23
r 87. 91
87.15
'85.20
82.82
83.42
84.48
86.04
85. 14
85.73
84.18
83.16
81. 99
r 83. 60
82.59
82. 60
82.57
75. 65
72. 95
77. 99
76. 03
76.60
78.79
80.19
79. 40
* 80. 58
80.19
80.77
78. 69
r
!
76. 80
76. 80
81.12
79. 37
79. 98
81.41
81.61 |
81.20
77. 99 : ' 79. 76
80. 94
79. 79
r
r 73. 39
74. 20 !
74. 38
75. 76
73.39
73.74
73. 57
72.10
74. 34 i »75. 17
73.22
73.87 ! r 71. 86
63. 99 ;
64. 26
64.12
65. 57
64. 17
64.74
64.43
63. 80 , ' 62. 33
64.21 i
63. 11 I
' 62. 73 • P 64. 87
T
2
Revised.
* Preliminary..
' Less than 500 claims,
See note marked "di "
cfFigures beginning November 1952 include un employme nt compen sat ion ben<^fits under the Veterans' Readju stment Assistance A 3t of 1952 ((lata compi led by the United Sta tes Departmerit of Labor, Bureau of Employment Security) in a ddition to the allowa nces under the Servic'emen's Re adjustmen t Act of 19 44 (data ccmipiled bjr the Veter ans Ad Jimlistratiori). The BES
data cover veterans with military service since June 1950 and i nclude tho se filing for payment 3 to supple ment bene fits under SState progr ams but e>cclude vete rans filing for payrne nts to suppiemen t benefits under the railroad unemployment insurance program; the number involved under the latter prosTarn is rel<itively simill.
Transportation equipment
do
Automobiles.
... __.
do
Aircraft and parts
do
Ship and boat building and repairs.. .do
Railroad equipment
.
.. do
Instruments and related products
do
Miscellaneous mfg. industries
do
r
SURVKY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Dec-ember 1U03
1952
October
November
1953
December
January
February
March
April
May
June
July
August
Serttember
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
Paper and allied products
_ _ do..
Pulp, paper, and paperboard mills. - do
Printing, publishing, and allied industries
dollars . .
Newspapers
.. ._ . _. - do..
Commercial printing
do
Chemicals and allied products
. . do.
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining ... __
do Rubber products . .
.
do
Tires and inner tubes
do
leather and leather products
do
Footwear (except rubber)
. . do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars . .
Xonmetallic mining and quarrying
do
Contract construction
_ do
Nonbuildine construction
do ...
Building construction
do
Transportation and public utilities:
Local railways and bus lines
-do
Telephone
do
Telegraph
do
Gas and electric utilities
do Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)
dollars
General-merchandise stores
do
Food and liquor stores
. . .do
Automotive and accessories dealers .do
Finance, insurance, and real estate:
Banks and trust companies
do
Service and miscellaneous:
Hotels, year-round
.. . . do .
Laundries
do
Cleaning and dyeing plants
. - do ,
Average hourly earnings (U. S. Department of
Labor) :
All manufacturing industries
dollars
Durable-sroods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars _ _
Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clay, and glass products
do . _ .
Glass and glassware pressed or blown
dollars .
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars _
Primary smelting and refining of noriferrous
metals
dollars
Fabricated metal prod, (except ordnance,
machinery, transportation equipment)
dollars
Heating apparatus (except electrical) and
plumbers' supplies ..
. . dollars
Machinery (except electrical) „ .
_ . .do
Electrical machinery
do
02. 06
63. 54
71. 65
64.23
54. 13
62. 40
70. 18
46. 06
55. 08
54. 81
51.07
62. 56
64. 64
75. 08
65. 25
48. 51
62. 67
72. 51
45. 05
55. 35
54. 68
50. 94
63. 59
65. 68
77.26
65. 84
51.65
62.78
71.98
46. 26
55. 90
55. 35
50. 05
62.88
65. 35
74. 23
67. 45
52.72
62. 58
70. 93
46.59
54. 94
54. 54
49.02
62.88
64.71
70.00
67.61
53.20
63.04
71.51
45. 39
54.94
54.27
50. 05
63.60
65.28
71.33
65.97
53. 02
63.65
71.96
47. 63
54. 80
53. 60
50.31
62.81
64.64
70.62
66.10
51.61
63.45
73. 49
47.62
53. 84
53. 20
48.49
63.20
66.17
71.86
67.32
52.26
64.02
76.54
46.99
53. 98
53. 73
48.36
63.52
67.14
74.29
68.39
51.44
65. 36
79.66
46.99
53. 72
53.47
48.38
63.76
' 66. 88
' 72. 85
r 69. 73
' 54. 14
65.73
63. 76
66.14
73.08
r 68. 36
' 55. 76
r 80. 60
r 47. 87
53. 18
52. 93
' 47. 62
' 79. 95
47.70
52. 90
52.14
r 48. 50
48. 73
54. 51
48. 36
-53. 70
48. 86
54. 83
48.81
54. 96
49.98
57. 30
49.76
59.13
47.73
56.78
47.09
56. 93
48.05
58.67
r 48. 24
' 57. 41
49.78
59.89
42. 51
51.70
71. 83
76.47
42. 29
51. 74
72.27
77. 26
41.47
54. 30
72. 60
77.43
40. 66
54. 93
71.55
77.00
41.31
55. 69
71.81
77.26
41.86
54. 45
72.31
77.44
41.58
51.84
71.81
77.62
41.03
50. 34
72.24
77.44
41.51
50. 66
72.41
78.68
' 40. 96
r 52. 59
r 73. 44
••41.89
54. 91
73.44
79.74
40.68
49.27
' 73. 87 ~~V 73.44"
80. 59
83. 07
88. 82
81.61
71.38
77.08
87.94
90. 85
75. 53
85. 88
51. 19
47. 99
83. 07
88. 57
81. 20
72. 56
78.06
87.94
91.98
76. 86
87. 23
50. 76
47. 19
84. 93
91.64
83. 64
72. 98
78.28
88 10
92. 34
79.19
90. 42
53. 46
51.09
83. 21
86.38
82.42
72. 51
77. 33
88. 10
91.94
78. 09
89. 24
53. Of,
51.48
83. 76
87.82
82.19
73. 10
85. 19
91.36
84.02
74.29
79.76
88. 29
91.88
79.32
91. 58
51. 79
49. 10
85. 80
92. 85
83.81
75.12
79.73
89.60
92. 57
78.18
91.30
51.61
48.81
85. 36
92. 35
84.00
75. 35
80.36
88.94
91.94
78.55
89.20
52.33
49.90
84.92
* 90. 36
r 83. 60
' 76. 78
' 81 . 59
r 92. 32
' 85. 97
90. 36
87! 45
91.03
79. 30
91.80
53. 19
51.61
85. 24
89.28
83.84
73.87
79. 15
87.89
91.71
80. 29
93. 83
53. 84
52. 00
r 49. 65
' 80. 59
91. 43
94.13
' 75. 84
r
86. 69
51 . 92
49.24
' 87. 30 v 87. 53
93. 03
85. 20
* 77. 98 ~" V75..'81
83. 85
' 94. 35 "Vcn.'i:
97.27
73. 15
80.44
' 49. 48 " V 49" 21
45. 89
84.61
71.58
75. 58
85. 26
80. 91
86.27
84. 83
85. 56
91.73
S4.71
70. 75
87. 79
84. 08
86. 75
81.42
84.48
65. 70
81.76
84.67
61.99
79.61
86. 29
77.19
84.97
86.96
91.63
91.25
r 88. 82
' 83. 89
' 84. 97
r
60. 99
' 94. 37
r 91. 52
94.79
70. 85
86. 80
86. 48
75. 63
92. 66
94.39
92.11
90. 47
73. 14
88. 13
85. 02
88.67
87. 72
71. 28
90. 86
87. 02
91.68
89. 40
70. 19
88. 16
83. 93
88. 93
88.29
70. 85
89.01
85. 19
89.78
88. 73
88^67
84.26
89.79
88. 13
74. 37
89.15
85. 02
90.04
88.99
75.94
90. 58
87. 20
91.01
87. 02
76.78
92. 25
91.34
91.99
r 92. 74
77.63
91.82
' 92. 16
' 93. 60
78.60
93. 41
' 96. 08
' 93. 00
92. 57
78.23
90. 52
90. 85
90.39
77. 57
63. 80
74.87
76. 96
77.81
64. 57
73. 74
78.77
78. 66
63. 63
74. 10
78.21
76.01
63. 69
73. 63
78. 40
76. 61
63. 58
73. 46
77. 46
76. 78
63. 03
73. 63
77.87
77.92
63. 20
73. 63
78. 50
79. 06
64. 63
75. 90
79. 52
78.89
65.13
75. 60
80.22
r 78. 93
64. 35
74. 76
' 81. 32
r 78. 40
f>4. 08
74. 76
80. 93
78.23
68.16
77.46
82. 35
69. 19
69. 19
69. 53
69. 08
69. 66
69. 89
70. 12
70. 93
71.10
' 72. 09
r 72. 45
72.27
53. 19
37. 93
56. 59
71.73
52. 65
37. 15
56. 99
71.26
38! 48
57. 13
71.28
53. 45
38. 85
57. 62
71.12
53. 70
38. 17
57. 48
71.55
53. 70
37. 82
57. 57
72.90
53. 96
37. 93
57.81
74.09
54. 21
38.52
57. 66
74.70
55. 16
39. 65
58. 95
74.98
' 56. 26
40. 54
60. 25
' 74. 98
56. 40
' 39. 85
60. 10
74. 98
55. 66
39. 31
60. 21
73. 26
53. 07
53. 42
53. 56
54. 29
54.61
54. 40
54.47
54. 65
54. 28
' 54. 90
r
54. 68
54.53
37.31
38. 86
46. 51
37. 22
38. 88
44. 96
r
37. 7. .
39. 55
45. 92
37. 31
39. 36
45. 02
37. 65
38. 88
43. 73
37.47
39. 38
45. 02
37. 83
39. 58
45. 36
37.89
40. 67
48. 19
38. 22
40.08
47. 08
' 38. 40
r 39. 30
' 44. 69
«• 38. 52
39. 10
44. 46
38.58
39.90
46.63
. 70
.81
.85
.71
.82
1.83
1. 73
1.83
1.84
1.74
1.84
1.85
1.74
1. 85
1.86
1.75
1.85
1.88
1.75
1.86
1.88
1. 76
1.86
1.89
1.76
1.87
1.91
1. 77
1.88
' 1.89
1.77
1.88
' 1. 92
1.78
1.89
r 1.93
< .59
.60
.'49
.65
.60
.60
.50
1.67
I. 57
1.57
1.51
1. 55
1.55
1.51
1 . 68
1.56
1.56
1.51
1.69
1.57
1.57
1.53
1.70
1.59
1.59
1. 53
1.71
1.62
1.62
1.53
1.72
1.63
1.63
1. 53
1.72
r 1.63
' 1. 64
' 1.66
1. 53
1.74
1. 65
r \. (>y
1.66
' 1. 54 ""Vi.'ss"
1. 76
' 1. 76
1.59
1.98
1.62
2.00
1.61
2.01
1.62
2.03
1. 66
2.01
1.67
2. 02
1.71
2.02
1.72
2. 03
1.71
2. 05
1.72
2. 08
r 1.72
1.76
'2.12 "" * 2. 1G
2.08
2. 10
2. 11
2. 15
2.10
2. 10
2. 10
2. 11
2. 14
2. 20
' 2. 20
f 25
1.86
1.87
1.88
1. 90
1.91
1.91
1.91
1.91
1.93
r 1. 95
' 1.97
2.05
1.78
1.79
1.81
1.81
1.82
1.83
1.83
1.83
1.84
1.85
1.85
1.86
* 1. 8S
.78
.89
.70
1.78
1.90
1.70
1.80
1.92
1.70
1.80
1. 93
1.72
1.81
1.94
1. 73
1.81
1.95
1.74
1.83
1.95
1.74
1.81
1. 95
1. 74
1.82
1. 95
1.75
1.82
'1.90
1.76
1.82
1. 96
1.77
1.84
1.98
' 1.78
~~~V2."66~
Transportation equipment
.do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs. ..do
Railroad equipment
do
Instruments arid related products
do
Miscellaneous mfg. industries
do
.03
.14
.94
.92
.92
.75
.52
2.04
2.13
1.96
1.93
1.92
1.75
1.53
2.04
2.13
1.96
1.94
1.95
1.77
1. 55
2.03
2.10
1.98
1.92
1.95
1.76
1.55
2. 05
2.11
1.98
2.00
1.97
1.76
1.56
2. 05
2.11
1.99
2.01
2.01
1.76
1.56
2.06
2.12
1.98
2.02
2.03
1.75
1.56
2. 05
2.10
1.98
2.02
2.02
1. 76
1.57
2.08
2.15
1.99
2.01
2.03
1.78
1. 56
2.08
' 2. 16
1.99
r 2. 07
r 2.04
r 2. 01
2.05
-2.04
1.79
1.57
Nondurable-goods industries ... _. ... do..
Food and kindred products
do
Meat products
do
Dairy products
.
do...
Canning and preserving;
do
Bakery products
do
Beverages
do
'Revised.
*> Preliminary.
.54
.52
.71
.48
.33
.50
.72
1.56
1.55
1. 73
1.50
1.34
1.51
1.76
1.57
1. 56
1.74
1.51
1.37
1.52
1.76
1.58
1.59
1.78
1.54
1.38
1.53
1.76
1.58
1.59
1.75
1.54
1.40
1.53
1. 77
1. 59
1.60
1.77
1.52
1.41
1.53
1.79
1.59
1.60
1.77
1.53
1.41
1.54
1.81 ,
1.60
1.61
1. 77
1 . 53
1.39
1.55
1.84
1.60
1.61
1.79
1.53
1.35
1.56
1.87
1.61
1.60
1.79
1.56
r 80. 10
r 96. 00
r 78. 98
r 90. 45
r 51. 82
r 91. 64
1.63
1. 53
1.73
1.77
1.57
r 1. 34
1.58
' 1.87
r 65. 41
r 84. 21
r 76. 41
2.08
2.13
r 2. 00
1.61
1. 59
1.80
1.55
1.36
' 1.58
1.89
' 63. 18
J>63. 67
r 67. 46
P 68. 04
77.56
69. 84
55.62
66.72
81.06
r 46. 49 "V48,52
' 51. 51 v 52. 20
50.79
46.44
' 46. 98
56.99
2.07
2.14
2. 00
2.06
2.07
' 1. 80
1.58
r 1.62
' 1. 61
1. 86
1.58
1.36
1.60
1.93
*•• 48. 91
r 1. 7*
* 1.90
f 1.80
*> 2. 07
'< L82
r> 1. 59
* 1. 62
r 1. 62
SURVEY OF CURRENT BUSINESS
December 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-15
1952
October
November
1953
December
January
February
March
May
April
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
Paner 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
1.14
1.36
1.35
1.28
1.18
1.37
1. 35
1.28
1.21
1 37
1.35
1 29
1.23
1.37
1.35
1 30
1.26
1 37
1.34
1 30
1 28
1 37
1 34
1 30
1 27
1 37
34
30
1.31
1.51
1.30
1.50
1.31
1.49
1.33
1.51
1.34
1.52
1.32
1.52
1.29
1.51
.29
.51
1.09
1.47
1.65
1.74
1.08
1. 50
1. 65
1.74
1.09
1.53
1.66
1.75
1.09
1.53
1.67
1.76
1.09
1.50
1.67
1.76
1 10
1.44
1 67
1.76
10
.43
68
1.76
2.13
2.44
2.02
1.74
1.89
2. 15
2.47
2. 05
1.75
1.90
2.15
2.44
2.04
1.76
1.90
2.17
2.46
2.06
1.92
2.18
2.48
2.07
1.78
1.94
2.19
2 51
2.09
1.79
1 95
2.20
2 53
2 09
1.81
1 94
2.20
2 53
2 10
1.82
1 96
2.15
2.26
1.82
2.11
1.34
1.29
2.15
2.26
1.87
2.17
1.35
1.30
2. 17
2.28
1.89
2.20
1. 35
1.30
2.17
2.27
1.90
2.22
1.35
1.31
2.17
2.27
1.92
2.25
1.35
1.31
2.17
2.27
1.93
2.25
1.37
1.33
2 18
2.28
1 93
2.25
1 37
1.32
2 18
2.28
1 94
2.26
1 38
1.33
2 18
2.27
1 93
2 23
1 37
1 32
1.91
2.23
2.34
1.96
2.26
2.43
1.95
2.48
2.52
1.97
2.50
2.48
1.96
2.50
2.49
1.96
2.47
2.47
1 96
2.45
2.48
1 97
2.49
2.47
1 99
2 49
2. 50
2.13
1.63
2.34
2.19
2.38
2.18
1.64
2.35
2.18
2.39
2.15
1.62
2.36
2.17
2.40
2.17
1.64
2.37
2.18
2.41
2.18
1.64
2.38
2.19
2.42
2.18
1.65
2.39
2.20
2.44
2.16
1.66
2.39
2.18
2.44
2.16
1.68
2.39
2.18
2.44
2.17
1.68
2 39
2.18
2 44
1.71
1. 65
1
1
1
1
27
36
34
29
T
1 22
1 36
1 33
1 29
r
1 18
1 37
1 34
] 29
p
1 21
P i 37
.34
.56
1.36
1.61
'1.35
1.61
"1.34
11
.52
70
80
1 11
1 46
1 68
1.78
2.13
2.44
2.02
1.72
1.88
1 28
36
34
28
1.32
1.59
1.09
1.49
1.64
1.73
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.. .
Nonrmmufacturing industries:
Minim;:
Metal
do
Vnthracite
_
do._ .
Bituminous coaL _ _
_do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas
production
dollars.
Nomnetallic mining and quarrying
do _.
Contract construction
do
Nonbuilding construction
do
Building construction
_
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
..
do
Wholesale and retail trade:
Wholesale trade . ..
do
Retail trade (except eating and drinking
places) -.
.- -dollars.
General-merchandise stores
do
Food and liquor stores
___
do
Automotive and accessories dealers .-do
Service and miscellaneous:
Hotels, year-round
.
do
Laundries
_ -_
do
Cleaning and dyeing plants.
do
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol per hr
Skilled labor
do
Farm wage rates, without board or room (quarterly)
dol. perhr..
Railway wages (average, class I)
_
do_.
Road-building wages, common labor.
do
1.17
1.37
1.35
1.28
1
1
1
1
1
1
r i
1
2.20
2 51
2 09
r
l. 85
1 99
r
'2.21
2 51
10
l . 85
1 98
2
2
1
2
1
1
2 23
' 2 33
1 95
2 25
r
l 36
r
1 31
2 08
2 46
2 47
r
r
'2.24
1.71
2 41
2.21
r
T
r
13
53
73
84
' 2. 25
2 57
2 13
1.87
2 05
r
2
r
r
r
12
56
70
80
23
33
92
24
37
32
2
2
1
2
29
39
90
21
r I 39
"2.25
v 1 84
p 2 24
" 1 39
1 33
2 08
2 43
2.49
2 13
2 4(>
2 48
2. 25
2.28
1 75
2 44
2. 2(5
2 49
1.72
2 42
r
p 1 72
2. 25
2 47
r 2 48
1
1
1
I
r
1.69
1.64
1.77
1.85
1.71
1.66
1.76
1.88
1.71
1.64
1.76
1.88
1 . 77
1.88
1.71
1.66
1.77
1.88
1.71
1.65
1.77
1.89
1.72
1.65
1.77
1.91
1.73
1.67
1.79
1.93
1.73
1.67
1 80
1.93
1.70
1.70
1.70
1.71
1.72
1.73
1.74
1.76
1.76
' 1 78
l 78
1 78
1.35
1.09
1.44
1.58
1.35
1.08
1.45
1.58
1.32
1.04
1.45
1.57
1.36
1.11
1.47
1.57
1.37
1.10
1.47
1.59
t.37
1.09
1.48
1.62
1.38
1.09
1.49
1.65
1.39
1. 11
1.49
1.66
1.40
1 12
1.50
1.67
1.41
1 12
1 51
1.67
1 41
1 11
1 51
1.67
1 42
1 12
1 54
1.65
91
98
T
75
65
78
95
1
1
1
1
75
66
78
95
1
1
1
1
r
77
73
84
97
.88
.95
.88
.96
.88
.96
1.11
1.11
1. 12
.88
.96
1.12
.89
.96
1.11
.89
.97
1.12
.89
.97
1.12
.90
.98
1.15
91
.98
1.14
1 14
90
98
1 14
91
99
1 16
1 817
2.921
1.817
2.937
1 817
2.937
1 817
2.942
1.817
2.946
1.821
2.949
1 824
2.950
1 824
2.955
1 852
2 979
1 877
3 021
1 921
3 062
1 921
3 073
1.906
1. 873
.89
1.873
1.31
1.902
1.857
.85
1.862
1.40
1.877
1.867
1 861
1.52
1 877
1 883
490
511
468
507
455
464
417
441
428
408
435
429
478
451
515
475
517
535
386
720
2,253
1,128
1,106
22
365
760
313
825
2,330
1,156
1,136
20
320
855
312
854
2 310
I 177
1 157
19
331
802
372
714
147,830
54. 888
31, 422
149,738
54, 152
31,778
51, 130
26, 252
329
25, 235
20, 933
51, 130
20, 815
19, 309
493
26, 033
44.7
50, 969
26, 550
413
25, 348
20, 897
50, 909
21,030
19,460
634
26, 134
44.3
.76
1. 853
1.48
.89
1 9°7
3 085
77
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil. of dol
Farm mortgage loans, total
do
Federal land banks
_
do
Land Bank Commissioner
do
Loans to cooperatives
__
_do._ _
Short-term credit
do
Bank debits, total (345 centers) f
New York City
__ _
__ _ _
6 other centers 9
do_.
do
do
449
591
492
539
414
775
r
478
575
433
725
2,221
1,102
1,078
23
421
697
150, 470
54, 893
32, 322
' 127, 647
44, 209
27, 064
r
165, 115
63, 091
35, 179
487
504
408
696
r
145, 971
52, 048
31, 660
' 129, 289
45, 749
28, 126
Federal Reserve banks, condition, end of month:
52, 492
51, 852
51, 341
Assets, total
.
_ _ _ _ _
mil. o f d o l
51, 948
25, 855
26, 740
26, 478
25, 825
Reserve bank credit outstanding, total. .do
1,591
1, 895
156
1, 735
Discounts and advances
do
23, 944
24, 697
23, 821
23, 575
United States Government securities. .do
22, 140
21, 986
22, 145
Gold certificate reserves
do
21, 790
51,341
52, 492
51, 852
Liabilities, total
_
_
do
51, 948
21, 344
22, 273
22, 583
Deposits, total
_. _ _ . __
do
22, 515
19, 950
Member-bank reserve balances
do
20, 616
21, 149
20, 611
614
795
620
—570
Excess reserves (estimated)
do
25, 949
25, 638
26, 250
Federal Reserve notes in circulation.
do
25, 426
46.4 '
46.2
45.3
Reserve ratio
_ .percent. _
45.6
r
Revised.
p Preliminary.
§ Hates as of November 1, 1953: Common labor $1.928; ski lied labor, $3.086.
t Revised series. Bank debits have been revised to include additional centers amI to represe nt
9 Includes Boston, Philadelphia, Chicago, Detroit, San Fra ncisco, anc Los Ange les.
51, 493
26, 194
1,309
23, 875
21, 480
51, 493
21,770
20, 511
715
25, 681
45.3
r
153, 459
53, 898
35, 339
50, 202
24, 927
485
23, 806
21, 367
50, 202
20, 421
19, 322
—285
25, 560
46.5
333
794
r
145,697
52, 038
32, 742
50, 558
25, 546
1,014
23, 880
21, 383
50, 558
21, 055
19, 740
351
25, 598
45.8
debits t o demand ieposits.
r
142, 145
50, 255
32, 283
50, 389
25, 589
732
24, 246
21,356
50, 389
20, 976
20, 069
806
25, 671
45.8
r
154, 056
56, 623
33, 807
50, 243
25, 414
64
24, 746
21, 286
50, 243
20, 396
19, 561
102
25, 831
46.0
319
866
r
148, 090
51, 799
32, 683
' 134, 527
45, 516
29, 958
50, 466
26, 176
644
24, 964
21, 085
50, 466
21, 068
19, 607
590
25, 872
44.9
r
49, 994
25, 958
343
24, 989
20, 993
49, 994
20, 623
19,278
476
25, 983
45.0
Data prior to March 1952 will be shown lat er.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise staled, statistics through i
1952 and descriptive notes are shown, in the |
1953 Statistical Supplement to tlie Survey
October
December
1J53
1952
November
Dccemher
January
February
March
April
May
June
July
i August
Septc
be
October
FINANCE—Continued
B A N K ING— Con 1 1 n 11 ed
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month: f
Deposits:
Demand, adjusted
mil. of doL_
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol
States and political subdivisions
d)
United States Government
d)
Time, except interbank, total
d)_
Individuals, partnerships, and con orations
mil of lol
States and political subdivisions
d)
Interbank (demand and time)
do
Investments total
do
IT. S. Government obligations, direct and
guaranteed, total
mil. of dol
Bills
do
Certificates
do
Bonds and guaranteed obligations
do
Notes
do ...
Other securities
- . ._ d o _ _ Jjoans (net) total
do
Commercial, industrial, and agricultural do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol
Real-estate loans
do_.
Loans of banks
do
Other loans
doMoney and interest ratesrcF
Bank rates on business loans:
In 19 cities
percent
New York City
do
7 other northern and eastern cities
do
Discount rate (\T Y F R Bank)
do
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates, New York City:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months
do
Call loans renewal (N Y S E )
do
Time loans. 90 days (N. Y. S. E.)
do
Yield on 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
54,314
55, 125
55. 373
55. 546
53, 811
51, ^02
54, 176
53, 708
52, 820
53, 395
53, 059
52,814
54, 692
55, 508
56, 171
3, 610
3, 836
17, 241
58. 2f>4
3, 798
3. 567
17, 533
56, 112
3. 894
2. 362
17, 499
55, 342
3. 790
3 309
17,622
52 785
3, 828
3, 934
17.698
54, 608
4,241
1,426
17, 792
54, 185
4 041
1, 356
17, 917
54. 263
3 975
2, 469
18, 068
54. 082
3 736
5 292
18, 085
53. 699
3 834
4 639
18, 093
54, 639
3 711
4. 434
18. 253
55, 965
3 612
2. 346
18,426
16,289
16, 509
763
13, 689
40, 382
16, 528
770
12,051
39. 626
16,641
16 726
756
12, 564
40, 790
16 901
829
11,734
36, 542
17 052
826
12, 359
36, 896
17 074
822
11, 568
40 225
17 083
823
12,056
39 318
17 259
804
12, 452
39 196
17 374
865
12, 773
39, 244
32, 967
4, 163
2, 467
20, 293
6, 044
7,415
39. 104
23. 390
2, 002
29,501
32, 705
2 855
4,985
19, 425
5, 440
7, 520
39, 381
22, 643
1,830
31 , 797
2 ^89
4! 705
1 9, 436
5, 367
7, 521
40 067
22, 965
1,850
31,663
31,795
3 681
2,482
20, 343
6, 313
7, 496
37 639
22, 457
1,444
33, 420
4. 545
2,488
20 259
6, 128
7. 376
38, 452
23, 130
1, 612
751
6, 032
621
6, 904
734
6, 081
433
7,039
807
6, 095
151
7, 253
763
6, 326
446
7, 992
732
6, 365
762
8,016
1. 75
2.71
4.17
1.75
2.71
4.17
3.51
3.33
3.49
3 84
1.75
2.71
4.17
2 00
2.71
4.17
1.75
2.31
2.63
2.63
1.75
2.31
2.63
2.63
1.75
2.31
2. 63
2.63
1.783
2.26
1.862
2.25
12, 943
2, 562
13, 046
2,555
r 24, 147
' 17,611
' 17,961
3, 614
3, 487
17, 198
16 266
743
12, 241
40, 315
32,819
11,863
11,983
38, 936
37, 180
16 799
803
11. 382
36, 864
32, 143
3 710
2 458
20. 000
5, 975
7. 483
38, 687
23,011
1, 543
31,478
29,
1
2,
19,
5,
7,
39,
23,
1,
547
701
115
881
850
633
647
269
561
29, 249
1 583
2, 038
19, 857
5, 771
7, 615
39, 437
23, 133
1, 540
29, 144
2 043
1, 850
19, 599
5, 652
7,398
39, 439
22, 690
1,547
799
6, 120
480
7. 335
795
6,147
708
7,405
808
6,176
789
6, 214
611
7,760
779
755
6,257
6,302
930
7,847
948
7,960
2.00
2.79
4.17
783
3 156
2, 271
20, 123
5, 928
7, 458
38, 775
22, 869
1, 459
777
7, 665
2 514
2,090
19, 356
5, 541
7. 395
39, 649
22, 585
1,719
2 317
5, 522
17,250
6. 574
7, 533
39 705
23, 103
1,763
726
2 388
5, 502
17,251
6,654
7, 449
40, 294
23. 301
1 , 663
402
7, 935
724
6. 438
806
7,983
2 00
2.86
4.17
3 74
3.52
3 71
4 10
2.00
2.93
4.17
2.00
2.97
4.17
6,397
2.00
2.71
4.17
3.54
3.31
3 50
3 90
2.00
2.72
4.17
2.00
2.72
4.17
2.00
2.72
4.17
3.73
3.52
3 71
4 05
2.00
2.74
4.17
1.82
2.31
2.63
2.63
1.88
2.31
2.63
2.63
1.88
2.36
2.63
2. 63
1.88
2.44
2.90
2.80
1.88
2.68
3.22
3.10
1.88
2.75
3. 25
3. 13
1.88
2.75
3. 25
3. 13
1.88
2.75
3 25
3. 13
1.88
2.74
3. 25
3.13
1.88
2. 55
3.25
3. 13
2.126
2.30
2.042
2.018
2.42
2.082
2.177
2.61
2.200
2.86
2. 231
2.92
2.101
2.72
2.088
2.46
2.77
1.876
2.69
1.402
2.36
13, 257
2,548
13, 359
2,537
13,421
13, 550
2. 510
13. 626
2,496
13, 702
2,477
13, 841
2,458
13, 881
2,438
13, 920
p 2, 419
14,014
e 2. 402
14, 056
* 2, 387
1
2. 39
2, 524
CONSUMER CREDIT t
Total short- and intermediate-term consumer credit,
end of month
mil. of dol
Instalment credit total
do
Automobile paper
do _
Other consumer-goods paper
do
Repair and modernization loans
do
By type of holder:
Financial institutions, total
Commercial banks
Seller-finance companies
Credit unions
Other
do
do
do
do
do
FEDERAL GOVERNMENT
7, 630
' 4, 895
r 1,362
r 3 794
' 24, 61 1
' 7, 8f 6
r 4, 962
f 1,393
r 3 7^0
' 25, 827 ' 25, 674 ' 25, 504 r 25, 946
' 26, 455 ' 27, 056 ' 27. 4 1 1 ' 27, 581 '27,810
r
' 18,684
IS, 851
r 18,982
' 19, 391 ' 19, 767 ' 20, 213 r 20, 635
' 21 004 ' 21 218
r
r
8, 480
8, 099
8, 273
' 8, 799 ' 9, 1 1 1
' 9, 432
' 9, 692 ' 9, 973 ' 10, 136
r
r
5, 32S
' 5, 208 '5,217
5, 288
' 5.217
' 5, 272 ' 5, 333
' 5, 351
' 5, 362
r
' 1. 404
' l.JOf)
' 1, U6
' 1, 462
' 1, 493
' 1, 403
1, 435
' 1,516
' 1,534
r
r
r 3 qr,q
r 4 001
r 3 ggo
3 851
3 ^87
' 14, 615 ' 14, 948 ' 15,410
r
7, 524
' 7,310
' 7, 1 58
4, 833
4, 670
4, 523
r
r
818
'837
808
r
' 2. 216
* 2, 150
2 126
r
15, 678
7, 665
i . 930
' 842
•"2.241
T
do
do
do _
do
do
_
r
2, 996
' 1,053
'795
-291
'857
T
3, 013
' 1,033
r
809
' 299
'872
r
3, 274
' 1, 117
r
866
r
308
r
983
r
3 , 173
' 1,084
'832
'315
'942
do _ _ _
do
do
do.
* 6, 536
' 2, 025
r
2, 789
' 1, 722
r
6, (550
r
2, 100
T
2, 839
' 1,711
r
7, 113
r
2, 094
' 3, 342
r
1, 707
' 6, 823
r
2, 143
r
2 975
r
1 , 705
do
do
do
do
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
Noninstalment credit, total
Single-payment loans
Charge accounts
Service credit
By type of holder:
Financial institutions
Commercial banks
Retail outlets
.Service credit
T
r
r
r
2, 025
' 1, 796
r
2, 789
' 1, 722
2, 100
r
1, 814
r
2. 839
' 1, 711
3, 355
3,099
65
2,227
923
139
4,731
4,151
44
3,624
888
175
2, 094
r
1, 844
'3,342
r
1,707
' 15, 190 ' 16.380
' 16, 800 ' 17, 222
r
7, 797
' 8, 059 ' 8 286 ' 8, 491
5.031
5. 174
5,312
5. 480
r
' 851
906
'880
'928
r
r 2, 231
' 2, 296 ' 2, 323
2. 267
' 3, 072
1 , 023
r
822
' 324
r
903
r
'3.011
'974
' 812
' 336
' 889
' 6, 555
' 2, 613
r
1, 731
' 2, 143
r
1 878
' 2, 975
' 1,705
' 2 , 118
r
1 . 887
T
2, 678
' 1, 726
' 2, 211
' 1, 960
' 2, 613
r
1, 731
'
'
'
'
5, 232
5, 061
51
4, 130
842
209
6. 300
5, 479
43
5,294
856
107
r
r
'2,211
2, 246
1, 984
2, 682
1,760
18,439
r
8, 893
6. 005
' 1.029
' 2, 401
8, 90S
('., 093
1 , 041
2, 397
' 3,013
' 931
'813
' 396
' 873
' 3 , 0 Hi
' 943
'811
' 399
' 866
3,047
' 6, 843
' 2, 294
' 2, 763
r
I , 786
'
'
'
'
6, 776
2, 197
2, 781
1, 798
' 6, 577
' 2. 079
2, 705
' 1, 793
r
' 6, 63°
' 2, 130
6, 680
2, 131
2,811
1, 738
' 2, 294
' 1, 985
' 2 , ; 63
' 1, 786
r
2, 197
' 1,922
'2,781
' 1, 798
' 2, 079
r
I , 830
2, 705
' 1, 793
' 2
' 1,
'2
' 1
5,140
10, 323
9,744
51
9,179
939
155
3,619
3,308
52
2, 395
937
235
r 3f)2
'887
6, 592
' 2, 131
' 2 668
' 1, 793
' 1, 786
131 r 2, 130
870 ' 1,857
668 ' 2 , 7 1 6
793 r 1, 786
957
812
406
872
2, 131
1,867
2,811
1,738
FINANCE
Budget receipts arid expenditures:
Receipts, total
.
mil. of dol
Receipts, net
._. .
do _ . _
Customs
do
Income and employment taxes. - -do
Miscellaneous internal revenue
do
All other receipts
do
6, 350
6, 003
51
5, 024
939
336
11,870
10, 502
56
10, 719
993
102
4,044
2,849
4,380
54
3, 021
880
90
51
3,998
922
169
5 595
6 187
5 161
7 124
5 737
6 362
6 241
6 383
7 988
Expenditures total
do
6 068
185
1, 146
235
311
563
572
372
179
1 882
237
Interest on public debt
do
354
354
349
364
Veterans Administration
_
do _
363
386
351
350
349
369
4. 081
3, 501
3, 789
3, 891
3, 723
3, 302
3, 632
3,746
National defense and related activities
do
4,056
3,890
1, 319
1,511
1, 434
1,471
1,749
1, 725
1, 516
1, 966
1,701
All other expenditures
do
1,572
r
Revised.
*> Preliminary.
1
;i
Beginning January 1, 1953, includes 2^ percent bond of March 15, 1956-58, and 2 -s percent bond of June 15, 1958»
fRevised beginning 1952 to expand the coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
cf For bond yields see p. S-19.
JData beginning 1952 have been revised in accordance with recent benchmark materials; revisions for January-September 1952 will be shown later.
' 1S.32S
' 8, 879
o 924
' 1 , 009
' 2, 393
' 3, 004
'923
' 812
' 386
' 883
' 2. 991
' 933
'809
2 078
1, 726
'2,118
' 18,205
28, 166
21,486
10, 337
5, 366
1,585
4 198
' 3, 014
' 937
'812
' 373
'892
' 2. 967
'925
'807
' 348
'887
' 6. 688
' 2, 246
' 2, 082
' 1 , 760
' 17, 621 ' 18,000
r
'8,818
8, 675
5, 633
5,816
'9fi2
' 988
' 2, 351
'2,378
' 27, 979
' 21 347
' 10, 232
' 5, 352
' 1,562
47
4,011
955
140
6, 402
6,041
50
5, 218
981
152
2, 894
2,659
51
1,698
1,019
125
6 042
206
351
3,519
1,966
6 119
560
327
3, 787
1,445
5 477
354
340
3,647
1, 136
5, 153
4,568
SUKVEY OF CURRENT BUSINESS
December
[Tn!ess otherwise stated, statisties through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-17
1953
October
Xovemher
February
December
March
April
May
~T June
Sept em-
July
October
FINANCE—Continued
|
F E D E R A L GOVERNMENT FINANCE— Con.
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of dol__
Interest hearing, total
do
Public issues _ _ _ _ . . _
... .
do
Special issues
do
Noninterest bearing
do
Obligations guaranteed by II. S. Government,
e n d of m o n t h - . _ - _ . _ _ _ . _ _
mil. o f dol
II. S. Ravings bonds:
Amount outstanding, end of month
do
Pales series E through K
do
Redemntions
do
264. 919
262, 820
221. 430
38. 390
2. 099
267, 432
265,345
226. 557
38, 788
2, 087
267, 584
265, 489
226, 187
39, 302
2, 094
264, 485
262, 380
223, 025
39, 354
2, 105
264, 590
262, 550
223, 077
39. 474
2,040
45
51
54
48
50
51
58, 046
375
422
58 237
504
435
58, 368
414
368
58, 468
440
430
58, 509
382
426
266, 520
264, 445
224. 735
39, 710
2, 075
266, 071
263, 946
223, 408
40, 538
2, 125
52
63
63
64
66
58. 01 4
371
570
57. 977
370
523
57, 962
402
541
57. 940
371
480
57. 882
368
514
57, 800
384
489
52
57. 958
303
346
29, 945
17, 826
5. 070
2, 603
82
516
0)
864
7, 736
1,095
1,280
2,421
3 429
3, 213
1, 775
3 224
401
26, 938
272, 937
270, 744
229, 785
40, 958
2,193
273, 380
271,291
230, 403
40, 888
2, 095
1 979
378
26, 456
273. 206
271,145
230,157
40, 988
2, 061
3 1 62
48
1,107
2,069
272, 669
270. 603
230, 009
40. 594
2. 066
36, 1 53
17,637
4 997
2 914
79
536
(')
718
7 798
821
9 201
53
1,330
1,728
do.
_do
30, 564
18 089
5, 671
2,777
79
526
0)
611
7 713
872
1, 259
2, 645
3 427
3 240
1 904
3,111
Liabilities, except interagencv, total
- . do
Bonds, notes, and debentures:
Guaranteed by the United States... do
Other
do
Other liabilities
.. .do
. ... ...
267, 402
2(55. 323
226 226
39, 097
2.079
57, 903
347
398
Government corporations and credit agencies:
Assets, except interagencv, total.,
.mil. of dol
Loans receivable, total (less reserves)
do
To aid agriculture.. . . _
... . . . .
do..
To aid home owners
_ .
do
T o a i d railroads
. . _ . . _ _ _ _ ... d o _ _
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. R. Government securities
do
Other securities
do
Land, structures, and equipment
do
All other assets
. . . . . . do
Privately owned interest
U. S. Government interest
267, 39!
265, 293
226, 143
39.150
2,098
415
32 576
9 5£g
'-> 4'^(>
7 867
2. 430
r
>l
1 131
LIFE I N S U R A N C E
Assets, admitted:
All companies (Institute of Life Insurance), estimated total
.
mil of dol
Securities and mortgages
__do
49 companies (Life Insurance Association of America), total
mil of dol
Bonds and .stocks, book value, total
do
Govt. ^domestic and foreign), total
do
IT. R. Government
do
Public u t i l i t y - . . _ , - - . .
do
Kail road
do
Other
. do
72, 034
64, 665
72,415
65, 010
73, 034
65, 345
73, 621
65, 948
73, 943
66, 269
74, 295
66, 598
74, 686
67, 035
75, 063
67, 330
75, 403
67. 698
75, 855
68,105
76, 244
68, 337
76,612
68, 709
77, 121
69, 124
>• 63, 497
' 39, 808
r 10, 964
r 8. 918
Ml, 457
' 3, 337
' 14.051
63, 479
39, 757
10, 967
8, 935
11,362
3, 314
14.115
64, 092
39,915
10.867
8. 837
11,409
3, 330
14.304
64, 797
40, 473
10,984
8, 926
11,552
3, 397
14] 541
65, 084
40, 630
10, 983
8,908
11,610
3, 402
14, 634
65, 362
40, 778
10, 791
8,711
11,659
3.403
14, 925
65, 686
41,011
10. 816
8, 734
11,708
3, 412
15, 075
65, 997
41, 123
10, 692
8, 726
11,760
3,412
15, 259
6(5. 262
41.277
10, 602
8, 676
11,827
3,412
15,436
66, 621
41 , 451
10,564
8, 634
1 1 , 897
3,418
15, 572
66, 944
41, 531
10, 565
8, 634
11,952
3, 423
15, 591
67, 294
41,739
10,527
8, 585
12, 043
3, 429
15,740
67, 685
41,976
10, 517
8,566
12, 132
3, 451
15,875
r 1,542
r I, 672
17, 411
1, 490
15,921
2, 280
1, 550
1, 714
872
17, 583
1. 503
16, 080
2,284
1, 655
1. 784
827
17,774
1, 512
16,262
2, 310
1, 658
1, 756
17, 894
1,524
16,370
2, 318
1, 663
1, 804
750
18, 038
1,541
16, 496
2, 329
1, 669
1, 797
711
18, 182
1, 564
16, 618
2, 341
1, 687
1, 755
759
18, 306
1, 584
16. 722
2 351
1. 694
1,763
707
18, 444
1, 599
16,845
2, 365
1,702
1,767
726
18,619
1,615
17, 004
2, 374
1,707
1 , 743
789
18,716
1,628
17,087
2, 387
1,726
1, 795
776
18,818
1,638
17,180
2, 402
1.732
1,827
776
18,950
1, 648
17,302
2, 413
1,745
1,824
2, 738
387
535
2, 594
417
508
3, 460
1,061
451
2, 383
267
450
2, 663
427
534
3, 398
657
583
3, 295
677
543
3, 126
518
608
3,227
600
543
2, 962
477
499
2, 853
504
526
2, 758
477
519
2, 908
407
562
1,816
122
411
384
160
219
77
162
68
212
1,669
113
398
356
136
199
71
150
61
184
1,948
124
426
429
172
230
84
174
78
230
1, 666
124
424
358
137
177
63
151
50
182
1,702
117
412
371
140
193
67
156
56
191
2, 158
141
519
460
174
245
91
200
78
250
2, 075
137
487
444
171
241
91
191
75
237
2, 000
131
483
427
165
237
82
178
73
226
2,084
138
484
449
172
247
85
195
72
242
1 , 986
126
400
436
172
233
83
176
68
232
1 . 823
116
395
398
155
222
78
170
68
221
1,762
110
371
383
153
219
84
164
69
209
1 . 939
128
431
424
160
237
85
170
72
234
Institute of Life Insurance:
Payments to policy holders and beneficiaries, estimated total
thous of dol
Death benefits
do
Matured endowments
_ ._ ._
do
Disability payments
do
A n n u i t y payments
do
Surrender values
do
Policy dividends
do
339, 557
154, 860
39, 111
9,220
31,605
52, 916
51 845
304, 060
141, 626
32, 337
7,874
28, 595
45, 127
48 501
417,402
168. 314
40, 498
9. 244
28, 870
53. 198
117, 278
399, 041
169, 068
42, 909
9, 851
42, 973
53. 217
81, 023
343, 743
158, 593
37, 059
8, 362
32, 946
49, 000
57, 783
410, 421
182, 781
40, 384
9,479
35, 193
63, 630
78, 954
365, 145
164,114
36, 314
8, 867
35, 049
58, 826
61, 975
355, 232
158, 288
37, 168
8, 834
35, 339
57, 485
58, 118
383, 861
169, 925
39, 094
8,733
34, 018
60, 133
71, 958
361,977
162,438
36, 873
9, 265
33, 908
57, 780
61,713
345, 385
157, 326
35, 611
7, 982
33. 904
55, 733
54, 829
383, 180
167, 530
37, 155
8, 083
33. 477
54, 548
81,787
359, 570
155,700
40. 792
8. (578
33, 732
(50. 153
60, 515
Life Insurance Association of America:
Premium income (39 cos.), total
Accident and health
Annuities
Group
Industrial
Ordi nary
555, 400 1
67, 052
76,979 I
47, 442
71, 553
292,374
554, 748
70, 958
67,800
46, 061
68, 809
301,114
847, 255
89, 441
173, 680
66, 567
107, 251
410, 316
606. 446
79, 568
100, 351
70, 794
71 , 220
284, 513
615, 102
66. 738
81.624
48, 531
75, 359
342, 850
682, 325
77, 514
94, 784
58, 168
84, 593
367, 266
037, 446
91, 221
87, 337
60, 022
68, 094
330, 772
574, 765
77, 946
65, 634
48, 224
68, 740
314. 221
633, 800
75, 985
61,039
56. 386
83, 828
356, 562
619, 800
81,494
91,674 !
60,744 !
69,080
316,808 I
581,965
73, 336
70, 303
53, 064
69, 463
315, 739
640, 679
82, 945
72, 779
55, 502
81,955
347, 498
602. 574
79, 156
83, 591
52, 442
(59, 001
318, 384
Cash
Mortgage loans, total . .. ._
Farm
Other
Policy loans and premium notes
Real-estate holdings
Other admitted assets
do
do
do
do
do
do
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total! - ..
mil of dol
Group and wholesale J
do
Industrial! .
_.
....
do
Ordinary, total ...
New England
_ _
Middle Atlantic _ .
East North Central
West North Central
South Atlantic
. _
East South Central
West South Central
Mountain
....
Pacific
.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
r
805
17 373
1, 481
r 15, 891
r 2. 297
r
' Revised.
' Less than $500,000.
t Re visions for January-July 1952 are shown on p. S-17 of the October 1953 SURVEY.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December 1953
1953
1952
October
November
December
Febru-
March
April
May
22, 562
-16,814
2, 704
9, 685
64, 200
38, 900
12 900
5, 200
22, 537
-48,857
1, 835
1,874
June
August
July
September
22, 178
-78, 773
1,881
1,754
22 128
-54,972
10, 100
10, 039
22 077
—72, 454
3,752
4,306
FINANCE—Continued
MONETARY STATISTICS
Gold and silver:
Gold:
23, 339
Monetary stock, U. S
mil of dol
Net release from earmark!
thous. of dol.. -92, 430
2,988
Exports
__.
do --86, 465
Imports
do
70, 600
Production, reported monthly total
.do
40, 100
Africa
do
14, 100
Canada
do
6,800
United States
do
Silver:
411
Exports
do
7, 778
Imports
-_ -_
do
.833
Price at New York
dol. per fine oz_.
Production:
r
1, 857
Canada
thous. of fine oz
9,525
Mexico
_.
_
do_
3,682
Unitod States
do
Money supply:
29, 644
Currency in circulation
mil. of dol
199, 900
Deposits and currency, total
_ _
do
2, 500
Foreign banks deposits, net
.do
7,200
U. S. Government balances
do
190, 200
Deposits (adjusted) and currency, total ..do
98, 600
Demand deposits, adjusted
do
64, 900
Time deposits
.
do
26, 700
Currency outside banks
do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:f
36. 4
New York City
ratio of debits to deposits. .
25.0
6 other centers 9
do
23, 186
22, 986
22, 662
23, 337
22, 563
-29,004 -263,189 -171,747 -324, 127 -106, 511
1,580
3, 867
4,262
5,587
3,813
1,872
13, 697
1,827
1, 653
7,746
64, 000
64, 900
66, 700
60, 900
65, 200
39, 000
39, 000
39, 300
37, 000
39, 300
13, 000
13, 600
13, 700
12,400
13, 300
4,300
6,000
5,900
4,500
5, 200
22 277
22 463
-68, 516 -171,660
3,654
2,747
2 255
1,690
39, 400
12 900
6, 100
38, 800
12 700
6, 000
40 600
12 900
6 800
40 400
11 500
6 200
6, 200
6 800
270
4,578
. 833
1,318
10,878
.845
506
7,272
. 853
144
13,886
.853
883
6,285
. 853
230
5,364
.853
3,578
11,296
.853
307
6,548
.853
324
6, 243
.853
403
11,873
.853
253
6,497
.853
2, 465
3, 863
3, 093
2, 460
3, 870
3, 362
2, 255
4, 054
3,112
2, 443
4,394
3, 175
3, 066
1,984
3, 018
2,504
4,850
2, 823
2 452
2, 605
1,909
2 253
3, 063
2 525
1 969
2,752
2 652
2,005
30, 236
202, 700
2,500
8,600
191, 600
99, 400
64, 800
• 27, 400
30, 433
204, 220
2, 501
6,918
194, 801
101, 508
65, 799
27, 494
29, 691
202, 100
2, 500
6,200
193, 300
100,500
66, 100
26, 800
29, 793
201, 000
2, 300
7,100
191,600
98, 300
66, 400
26, 900
29, 754
200, 600
2,400
7,100
191, 000
97, 400
66, 800
26, 900
29, 843
199, 100
2,400
4,600
192, 200
98, 000
67, 200
27, 000
29, 951
199, 100
2,400
4,600
192, 100
97, 500
67, 600
27, 000
34.1
24.1
41.8
26.9
34. 3
23.9
35.1
24.4
37.1
28.3
35. 4
26.0
35. 6
25. 5
258
5, 009
.833
r 2, 422
3,877
2,998
T
2 301
3,558
30 275
30, 125
30, 248
30 120
200, 360 P 205, 100 p 204, 800 p 204, 900
p 2, 400
P 2 , 500
2,467
P 2, 500
*> 9, 000
p 9, 600
P 8, 100
5,333
192, 560 P 193,000 p 193, 400 p 19 4, 300
v 97, 700
* 97, 400 P 97, 500
96, 898
P 68, 700
p 69, 100
68, 293
•P 68, 400
P 27, 300
P 27, 600
27. 369
v 27 200
30 398
p 205, 400
P 2, 400
P 5, 700
P 197, 300
p 100 300
p 69, 600
P 27 400
38.9
2,5 9
36.0
25 0
32.2
23.0
40.2
' 25. 2
f> 35. 8
^23.5
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC) :*
Net profit after taxes all industries mil of dol
Food and kindred products
do
Textile-mill products
do
Lumber and wood products (except furniture)
mil of dol
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone clay and glass products
do
Primary nonferrous metal
do
2, 965
195
78
46
116
279
488
77
127
228
61
113
284
520
127
124
243
119
243
212
118
262
194
140
278
165
76
278
290
69
269
298
85
272
316
1, 730
1,267
1 287
244
Dividends paid (cash) all industries
do
Electric utilities, net profit after taxes (Fed. Res.)
mil of dol
Railways and telephone cos. (see p. S-23),
3 031
219
83
47
116
268
562
98
127
257
Fabricated metal products (except ordnance,
machinery, and transportation equipment)
mil of dol
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment (except motor vehicles etc )
mil of dol
Motor vehicles and parts
do
All other manufacturing industries
do
2,847
186
93
288
246
J>233
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil of dol
New capital tot°il
do
Domestic total
do
Corporate
do
Federal agencies
do
Municipal State etc
do
Foreign
do
Refundins total
do
Domestic total
do
Corporate
do
Federal agencies
do
Municipal State, etc
do
i 1, 381
i 1, 225
1, 157
852
0
305
8
158
158
82
72
4
873
629
601
292
130
179
28
311
311
90
172
49
1, 520
1,197
1,197
758
46
394
0
323
323
44
269
9
1,185
1,016
949
560
3
386
67
169
151
16
130
5
1,114
1, 005
1, 002
624
13
365
4
109
109
25
81
2
1,069
939
899
480
0
420
40
129
129
6
105
18
1,041
942
927
588
15
323
15
99
99
11
65
24
1, 538
1,323
1,287
597
45
645
36
215
215
16
198
2
1,626
1,491
1, 465
1,057
16
393
25
135
135
37
79
19
1 210
1 142
1,141
584
30
527
1
69
69
11
56
9
Securities and Exchange Commission:
1, 592
1, 604
1, 667
2.079
1,783
4, 630
1,108
3, 053
2,047
r 1, 928
' 1, 430
2, 576
2,248
Estimated gross proceeds, total
_.do
By type of security:
1,902
1,422
1, 425
1, 507
1.615
4,383
1,038
2,861
1,870
r 1,814
' 1, 359
2,484
2,014
Bonds and notes, total
do
659
314
536
517
484
497
731
988
980
••407
675
344
'243
Corporate
do
124
123
116
165
49
119
116
159
170
212
'65
'82
47
Common stock
do
62
35
20
51
47
82
58
33
6
'31
7
44
23
Preferred stock
_ __ .
do
By type of issuer:
664
696
818
731
384
706
1,179
908
1,157
'521
'315
766
579
Corporate, total
-do
205
151
317
116
332
286
289
167
655
' 147
124
36
'56
Manufacturing
do
261
249
216
228
406
44
219
342
'215
247
351
'98
357
Public utility
do .
32
25
15
27
66
40
50
23
6
10
25
15
'9
Railroad
_. - _-do
13
34
4
15
49
7
7
44
'30
' 16
90
10
27
Communication
do
141
144
162
101
57
56
48
418
'39
254
62
'93
38
Real estate and
financial
do
1.119
849
3, 899
724
886
908
1,873
1,171
1,670
' 1, 407 ' 1, 115
1,810
890
Noncorporate, total
.. _ . do
491
3. 244
611
494
503
1, 454 !
853
480
547
884
1,070
1,320
531
II. S. Government
do
349
'522
392
390
405
416 !
454
473
'260
219
389
650
294
State and municioaL . .
do
r
Revised.
v Preliminary.
»Includes International Bank securities not shown separately.
§Or increase in earmarked gold (—).
t Revised series. Data reflect change in number of reporting banks and centers; figures prior to May 1952 will be shown later.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
*New series. Compiled jointly by the Federal Trade and Securities Exchange Commissions. Data are estimated totals based on reports from all manufacturing corporations registered
with SEC, all nonregistered manufacturing corporations with total assets of $5,000,000 and over at the end of 1949. and a sample of nonregistered manufacturing corporations with total assets
of less than $5.000,000 at the end of 1949. Comparable data beginning with the first quarter of 1951 are available upon request.
SUKVEY OF CURRENT BUSINESS
December 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-19
1953
1952
October
November
December
January
February
March
April
May
June
July
August
September
October
FINANCE—Continued
SECURITIES ISSUED —Continued
Securities and Exchange Commission — Continued
New corporate security issues:
Estimated net proceeds, total
mil. of doLProposed uses of proceeds:
New money, total
do
Plant and equipment
_do
Working capital
do
Retirement of debt and stock, totaL.do
Funded debt
do
Other debt
.__ __ do
Preferred stock
do
Other purposes
_ - _ _ do _
Proposed uses by major groups:
Manufacturing, total
do
New money
do
Retirement of debt and stock
do __
Public utility, total
do
New money
do
Retirement of debt and stock
do
Railroad, total
do ...
New money
do
Retirement of debt and stock
do _ _
Communication, total
do
New money
. do
Retirement; of debt and stock
do
Real estate and financial, total _
do
New money
do
Retirement of debt and stock
do
8tate and municipal issues (Bond Buyer):
Long-term
._
thous. of dol
Short-term
do
1,140
378
897
655
694
684
806
715
1,161
••510
'309
756
566
893
293
221
72
51
32
13
5
34
780
661
120
74
45
28
1
43
603
495
108
46
19
25
2
6
635
381
255
51
27
23
1
8
630
438
192
37
10
24
3
17
757
532 !
225
30
10
13
7
18
612
481
131
68
8
49
10
35
1 046
614
432
91
23
64
4
24
'479
'384
'95
'22
'9
'13
1
'9
'278
' 169
' 110
'22
'2
'19
(i)
'9
695
421
274
23
3
20
0
38
517
425
92
41
17
19
6
7
164
120
25
43
43
148
132
13
257
254
3
49
31
18
7
7
0
140
138
0
203
178
24
212
205
7
32
32
0
15
15
0
142
129
1
312
305
4
223
201
17
24
24
0
13
12
1
162
152
1
114
78
28
397
355
21
15
15
0
285
222
60
334
303
26
23
23
0
43
43
0
415
396
3
'55
'39
'9
'97
'87
' 10
'9
'9
0
'29
'29
0
'91
'91
0
122
87
6
243
225
13
24
24
0
89
88
8
283
263
18
245
239
6
39
26
14
4
4
0
47
44
1
' 145
'127
'13
'210
'208
27
15
12
48
45
3
56
37
10
327
260
35
216
205
11
65
4?
23
34
31
3
56
54
1
35
32
1
350
313
35
6
6
0
10
10
0
38
37
0
309, 105
161, 739
229, 897
24, 376
403, 043
292, 085
391,872
294, 085
362. 629
110,843
433, 142
333, 219
348, 859
144, 986
650, 210
228, 600
443, 040
151,384
521, 899
172, 444
260, 063
366, 327
257
229
226
265
288
291
230
254
262
304
198
252
185
259
183
281
307
586
254
610
237
689
243
476
262
318
1,316
1,347
706
878
343
1,362
724
920
1,345
732
908
1,350
730
871
1,513
744
966
1,594
738
1,068
1,671
673
1,193
282
1,684
653
1,216
1,664
651
1, 161
1 , 682
641
1.182
1.624
674
1, 070
1,641
674
1,150
95 58
95. 96
74 79
96.74
97.18
75.25
97.59
98.03
75.70
111.4
116.9
92.89
110.9
116.9
93. 40
112.5
119.7
95.28
46, 982
54 677
53, 136
61, 895
62, 397
77, 035
45, 364
52 327
51, 954
60,238
60, 529
74,607
47, 574
0
47, 574
41, 087
6 455
56, 308
0
56, 308
49, 468
6,795
64, 037
8
64, 029
57, 153
6,727
100,010
98,142
1 395
104,634
102, 269
1 865
93, 472
91, 599
1,400
96, 620
94, 259
1,861
94,572
92, 613
1,406
96,904
94, 471
1,858
3.51
3.54
3.45
3 24
3.39
3 56
3.85
3.29
3.43
3.56
3.88
3.16
3.33
3.47
3.82
3. 37
3 54
3.61
3.39
3. 58
3.65
3.33
3.46
3.56
2 92
2.89
3.00
2.82
2.88
2.97
2.69
2.72
2.83
635
259
237
86
148
3
11
645
502
134
347
257
90
15
13
27
26
1
61
52
(i)
7
0
99
94
(>)
r 1
9
9
0
15
' 15
O
'39
'37
1
T
(0251
248
1
' 475, 595
251, 039
473, 268
293, 938
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
__
Wheat
..mil. o f b u
do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Oash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
_
mil of dol
do
do
do
692
860
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
95. 82
94.42
98.05
96.57
95.46
97.15
97.66
97.81
98.19
95.30
total §
dollars
96.22
95.84
95.69
94.79
97.56
98.09
98.62
98.50
96.99
98.25
Domestic
._ ._ do 75, 50
74.44
74.88
75.32
74.62
75.81
74.95
75. 27
75.84
75.97
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f- issues):
110.7
113.4
109.8
1 14. 5
115.2
114.7
108.8
115.3
111.7
114.0
Composite (17 bonds)
dol. per $100 bond-119.4
115.1
121. 6
121. 5
122.8
124.0
125.4
125.0
115.1
125. 3
Domestic municipal (15 bonds)
do
93. 25
91.59
95. 28
95. 68
96.44
91.56
92.98
94.31
96. 32
96. 96
U. S. Treasury bonds, taxable .
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
61,993
69, 942
70, 039
75, 146
94, 402
73, 183
76,955
56, 270
76, 726
71, 709
Market value
thous. of doL_
64, 949
88, 128
72, 496
85, 722
83, 260
90, 067
76, 831
105, 865
83, 953
85, 250
Face value
_
._
do
New York Stock Exchange:
68,208
54, 572
74, 547
69, 691
68,483
73, 014
74, 892
60, 227
92, 009
71, 599
Market value
- do
69, 753
102, 843
62, 723
85, 245
74, 823
82, 187
81, 988
82, 455
80, 340
83,115
Face value
do
New York Stock Exchange, exclusive of stopped
68, 751
55, 874
74, 757
76, 976
62, 085
60, 288
80, 397
86, 042
78, 042
69, 082
sales, face value, total§
thous. of dol- 1
0
34
0
0
0
0
45
26
25
U. S. Government
do _ _
76, 976
62, 051
68, 751
55, 874
74, 756
60, 288
80, 397
85, 997
69, 057
78,016
Other than U. S. Government, total§__. do
64, 778
54,611
60, 659
65, 013
52, 940
73.417
48, 477
79, 101
71, 608
61. 194
Domestic
__
do _
12,002
7,372
6,912
8,024
7, 293
7,324
6,819
6,341
7,777
9,650
Foreign
do
Value, issues listed on N. Y. S. E.:
98, 562
99, 454
100, 279
98, 985
100,117
99, 535
100, 116
100, 256
100, 551
Market value, total, all issues§
mil. of dol._ 100, 349
96, 662
98,211
98, 494
97, 576
98, 419
97, 638
97, 094
98, 200
98, 621
98, 276
Domestic
- do _
1,411
1,421
1 , 432
1,428
1,390
1,425
1,429
1,492
1,430
1,440
Foreign
do
104, 830
103, 066
103, 251
103, 055
102, 510
102, 405
102, 341
104,357
104, 651
102, 502
Face value, total, all issues§ _
do
100,853
102, 432
100, 666
101,966
102, 284
100, 665
100, 109
99, 999
99, 993
100, 025
Domestic
- do
1,898
1,891
1,899
1,890
1,891
1,867
1,901
1,896
1,898
1,967
Foreign
do
Yields:
3.55
3.26
3.22
3. 61
3.31
3. 53
3.22
3.40
3.19
3.20
Domestic corporate (Moody's)...
..percent..
By ratings:
3.34
3.02
3.28
3.12
3.23
3.07
2.98
3.40
2.97
3.01
Aaa
do
3.50
3.42
3.41
3.14
3.09
3.08
3.18
3.29
3.05
3.06
Aa
_
__
do _
3.58
3.62
3.44
3.30
3.22
3.24
3.24
3.67
3.36
3.25
A
do
3.78
3.53
3.51
3.86
3.57
3.65
3.53
3.54
3.86
3.51
Baa
._
._
do
By groups:
3.42
3.48
3.27
3.39
3.11
3.04
3.05
3.05
3.16
3. 07
Industrial
__
do
3.29
3.23
3.62
3.56
3.33
3.44
3.57
3.19
3.19
3.22
Public utility
do
3.63
3.39
3.39
3.73
3.43
3.51
3.36
3.67
3.34
3.37
Railroad
_ _ ._ _.
do
Domestic municipal:
2.92
2.68
2.81
2.63
2.38
3.04
2.46
2.37
2. 38
Bond Buyer (20 bonds)
. do _.
2.65
2.73
2.54
2.42 !
2.99
2.99
2.63
2.61
2.47
2.40
2.40
Standard and Poor's Corp. (15 bonds)
do
3.09
2.74 1
2.99
2.83
2.71
3.09
2.89
2.97
2.80
2.75
U. S. Treasury bonds, taxable
do
r
Revised.
i Less than $500,000.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also
*il listed bonds.
in computing average price of
SURVEY OF CURRENT BUSINESS
S-20
1953
'iilt-ss otherwise slated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
I No vein 1
Febru-
April
brr
August ; Septern-
July
October
FINANCE—Continued
SECU RITY MARKETS— Continued
Storks
Cash dividend payments publicly reported:
Total dividend payments
mil. of dol._
Finance
do
Manufacturing
do
Mining
do
Public utilities:
Communications
do
Heat, lie'ht, 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 u t i l i t y (24 stocks)
do
Railroad (2f> stocks) _ _
do
Bank (15 stocks)
do
Insurance (10 stocks)
do
540. 5
105.2
203. 5
8.0
253. 0
64.7
115.2
2. 1
95
60
14
40
13
1
52
2
8
6
0
9
6
3
0
1 . 736. 1
195. 2
1 . 045. 5
141.9
548. 1
125 6
1 70. 5
5 0
181.3
44 9
65. 0
2 9
1 . 251 . 1
81 4
821. 9
86' 9
q
46 9
89 0
49 7
92 6
88.4
79 2
43.6
95
64
18
57
11
3. 95
4 18
1 92
2. 85
2 68
2 88
3. 93
4 17
1 99
2.87
3. 93
4 16
1 92
2. 87
2 "5
9 98
3.95
4 16
1 93
2.88
3. 95
4 16
1 94
2.91
' 3. 96
4 16
1 Q5
3.01
2 99
3 01
71 . 02
74 35
36 25
46 43
Price per share, end of month (200 stocks). -do
Industrial (125 stocks)
do
Public utility (24 stock*?)
do
Railroad (25 stocks)
do
0
°
9
1
8
74.42
76. 66
80 89
37 85
51 66
76. 69
80 37
38 40
52 1Q
75. 60
79 15
38 91
51 17
Yield (200 stocks)
percent
5 56
Industrial (125 stocks)
. _
do
5 62
Public utility (24 stocks)
do
5 30
Railroad (25 stocks). __
.
do
6 14
Bank (15 stocks)
do
4 29
Insurance C I O stocks) .
do
3 15
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public u t i l i t v (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.) .
percent. _
4.16
Prices:
Dow -Jones & Co., Inc. (65 stocks) _dol. per share. . 103.92
Industrial (30 stocks)
do
267 77
Public utilitv (15 stocks) do
49 59
Railroad (20 stocks)
do
99 83
Standard and Poor's Corporation:
Industrial, public utility, and railroad :§
183.4
Combined index (480 stocks) - . .1935-39 = 100. .
Industrial, total (420 stocks)
do
198 4
Capital goods (129 stocks)
do
182 6
Consumers' goods (195 stocks)
do
169 5
Public utility (40 stocks)
do
117 4
Railroad (20 stocks)
do
166 9
120 1
Banks, N. Y. C. (16 stocks)
do
Fire and marine insurance (17 stocks) .... do
215. 2
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
1 316
Market value
mil ofdol
62 389
Shares sold
thousands
On New York Stock Exchange:
Market value
mil. ofdol
1 121
Shares sold
thousands _ .
47, 653
Exclusive of odd lot and stopped sales
25 981
(N Y Times)
thousands
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of doL . 112,152
2, 773
Number of shares listed
millions
9 f)(i
2 98
78 20
37 36
49 74
5
5
5
5
4
3
98
33
14
77
19
10
5 13
5. 14
5 07
5. 56
4 18
2. 99
7
3
2
0
8
49
6
15
3
561 . 2
103 5
190.1
7 3
87 3
51
94
56
49
21
104
66
14
39
8
802.2
1.235.3
1
55
10
7
4
51
Q4
49
50
19
86 4
796. 1
86 2
553
100
205
8
7
3
8
9
104
65
3. 9s
4 15
0
07
3.11
4.
4
2
3.
0
8
6
1
8
1 0
51 8
3 1
3. 97
4 17
1 96
3.01
3.98
4 17
1 98
3. 01
3.97
4 16
2 01
3. 03
3.98
4 15
2 01
3. 09
3. 99
4 16
0
07
3. 11
3 07
3 09
3 09
3 OQ
3 10
3 10
3 10
74. 13
77 64
37 81
49 56
72. 35
75 56
36 96
48 48
72.87
75 45
^7 08
48 Q7
69. 34
71 85
37 10
44 39
69.51
79 09
37 90
43 61
r
r
o
9
5
2
40 3
27 0
105
63
30
50
10
220. 9
59 0
88. 0
576. 0
137 0
200. 6
5 6
1 . 249. 6
87 6
221.5
49 0
100. 4
r
76
6 0
1
6
4
0
4
3
3
1
2
9
0
4
0
6
4
r
17
41
11
9
r
5
5
5
5
4
3
15
18
03
52
IS
07
5
5
5
5
°°
26
08
69
r 4 23
3 17
8 54
2 69
11. 71
5
5
5
6
r 4
3
34
36
16
07
33
29
5
5
5
6
4Q
52
30
21
72.24
5
5
5
6
71.
74
36
48
51
53
34
15
r :| 49
76 24
36 81
49 03
5
5
5
6
4
3
58
60
58
26
64
50
5
5
5
6
r4
3
r
r 4 fif)
3 41
14
28
02
40
3 41
r
7 29
2 70
6 73
r
46
44
46
30
59
40
"5
5
5
7
r
4
3
5 79
7 01
r 4 55
3 46
7 78
2 79
8 30
73
76
56
13
53
40
75
38
45
r;
6
4
3
7 85
8 50
4.12
4.16
4.21
4.23
4. 33
4.38
4.47
4.37
4.30
4. 30
4.
111.67
112.25
111.21
112.41
107.52
108.07
104.42
106.08
106. 21
100.98
?85 95
52. 06
109 85
288 44
52 20
109 99
°83 94
109 03
286 79
53 19
110 24
275 28
51 59
104 05
276 84
50 97
105 58
266 88
48 66
103 OQ
270 32
49 03
105 68
970 91
W57
50 40
103 1°
961 90
49 16
94 46
103.
970
5()'
189.8
205 5
190 2
175 7
120 9
172 4
121 5
223. 1
197.0
213 7
198. 5
183 2
123.3
184 6
125 1
230. 5
197.6
214 3
200 4
184 7
124 0
185 2
128 3
231 . 0
195.9
212 0
197 4
183 4
124 4
181 4
128 2
223. 8
1 98. 0
914 5
199 8
185 3
124 9
184 5
128 1
223. 9
190.0
205 5
191 8
177 8
121 5
173 3
122 3
21 6. 0
189. 6
205 2
192 3
177 6
120 8
174 2
121 3
214.1
182.8
197 5
183 7
170 7
117 2
16Q 3
115 3
205. 1
185. 5
900 1
185 9
171 7
119 2
117 6
208. 5
187. 3
20° 1
188 1
172 8
121 1
170 9
121 4
21o.7
1 92 6
180 2
165 4
119 6
156 1
119 6
209. 7
215
1 331
56 903
1 906
78 990
1 661
74 299
1 376
53 534
1 906
75 473
1 783
83 729
1 395
58* 380
1 2Q0
63 844
1 073
42 528
1 119
42, 437
1 948
5:V 392
1 1
50' 6
1 , 1 45
43. 340
1 , 647
57, 885
1.417
55. 897
1 , 1 73
38, 540
1 616
1 541
1 106
49. 757
946
64,111
1 129
43. 936 \
903
51,812
28. 809
29, 841
1 Oi>8
3*. O i l
36. 5
30 239
40 516
34 087
30 209
42 479
34 370
25 767
°6 075
99 234
03 X93
97 1 7 L>
117.363
1
4.11
1 07. 25
976 37
51.04
103 19
120, 536
2 788
1 20, 483
2, 802
119,749
118.223
114r862
115.371
113.306
2 819
2. 840
2. 862
1 1 5. 886
2 *89
110,750
2.814
2, 777
9 S7S
2, 889 i
95
1S3
197
186
168
122
156
129
9
995
110.479 ! 115.4
2
892 1
900
2 9
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
i
1
BALANCE OF PAYMENTS (QUARTERLY)*
Exports of goods and services total
Merchandise, adiusted
Income on investments abroad
Other services
Imports of Foods and services total
Merchandise, adjusted
Income on foreign investments in U. S
Other services
Balance on goods and services
Unilateral transfers (net), total
Private
- _
_ _ __ .
Governent . _ _ _ , . _
do
do
do
do
Foreign lory- and short-term capital (net)
do
Increase (— ) cr decrease (+) in U. S. gold stock
mil. of dol
do
!.
4 037
2.984
111
942
r
— 1.468
-127
-1.341
do
r
+ 1,287
"
5 425
4, 256
440
729
4 068
3. 000
126
942
..
do
do ...
..do . .
U. S. long- and short-term capital (net), total, do
Private
do
Government
do
Errors and omissions
5, 355
4, 073
592
690
mil o f d o l
do
do
do
-275
—347
+72
— 209
-219
+ 10
' 4-100
r
—34
1
•
i
144
4-17
• - 161
+152
+ 1 55
f -4-970
•
-M36 >
+274
+603
+ 128
4-30
-29
' +162
5 750
4. 508
T
450
r
792
t
4
!
3 689 !
4 313
3 125
r
112
1 076
:
4 9gi
i
I
9 8QS
107
+ 1.388
+ 1 437
j
-4-619
— 1.908
-120
-1,788
' — 2 064
1
— i :w>
-139
— 1 193
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
September 1953 SURVEY.
r
r
T
. ....
j
-122
'-1.943
r 4-fi7
"8°
i
!
'
-L309
!
-4-110.
+ Revisions for the fii> t 2 quarters of 1952 appear on p. 12 of th«
SURVEY OF CURRENT BUSINESS
December
Unless otherwise stated, statistics through j _.
le
1952 and descriptive notes are shown in the
October
195.'5 S t a t i s t i c a l Supplement to the Survey
«>'
19 52
1953
November
Decemher
January
February
Mar
April
May
June
August
July
bor
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise: cf
Quantity
1936-38= 100. .
Valuo
do
Unit valuo
do. ..
Imports for consumption id1
Quantity
. do
Value *
do
Unit value
do
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
' .. - 1924-29 = 100..
Yd justed
do
Total, excluding cotton:
Unadjusted
do
\djusted
...do
Imports for consumption:
Unadjusted
do
\djusted
do
244
494
203
240
483
202
280
566
203
256
525
205
239
486
204
275
566
205
279
567
203
290
589
203
279
561
201
972
550
202
169
471
279
138
388
280
180
499
277
162
445
276
149
413
278
174
484
277
175
486
278
158
434
276
164
451
275
158
435
276
147
407
278
162
453
279
93
70
88
70
110
92
96
96
78
95
90
105
82
102
77
99
70
96
73
99
73
89
81
67
142
113
125
109
151
138
146
153
117
145
141
167
130
156
113
134
105
131
126
157
115
120
130
107
116
119
90
92
128
126
121
116
101
99
121
108
126
119
104
106
105
113
100
111
91
99
116
119
7,028
8,879
6, 393
5, 720
7,847
9,629
5,
5, 109
8,814
4,267
7,703
4,663
8,644
6,292
8,942
6, 704
9, 282
7,085
9,369
' 238
482
203
246
504
204
Shipping Weight
Water-borne trade:
Exports, incl. reexports®
Qeneral import^
Valued
thous. of long tons..
do
r
r
1
Exports, including reexports, total!
mil. ofdoL.
By geographic regions: A
\frica
thous. of dol
\sia and Oceania
do
Europe
- - .. .- -do . Xorthcrn North America
do
Southern North America
do
South A merica
do
Total exports bv leading countries:A
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
\ustr;dia 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
Italv
.- -do
Union of Soviet Socialist Republics
do
United Kingdom
_ _ _ - ... do
North and South America:
Canada
.
do
Latin American Republics, total
do
Argentina
do
Brazil
do
Chile
-do
Colombia
do
Cuba
. . _ . ... . ._ do-_ .
Mexico
do
Venezuela
.. do
Exports of U. S. merchandise, totals-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
Nonagricultural products, total
Automobiles, parts, and accessories
Chemicals and related products§
Cool and related fuels
Iron and steel-mill products- _ ..
Machinery total§
Agricultural
_
Tractors, parts, and accessories
Electrical^
Metal working^
_
Other industrial - ..
Petroleum and products
Textiles and manufactures
do
do
_do
do
do_ ...
do
do
do
do
do
.. do..
do
do
1,215
1, 191
1, 390
1,
1, 291
1,197
1,388
1, 395
1, 446
1,376
1,348
1,184
43, 825
171, 680
245, 900
256, 226
144, 276
134, 358
37, 338
160, 288
247, 947
244, 874
132, 172
129, 516
39, 303
202, 569
308, 240
45,
45, 039
177,762
207,
207, 865
228,
228, 242
131,383
114,
114, 781
35, 534
164, 579
213, 679
230, 947
121,651
116, 184
49, 047
185, 407
253, 195
266, 229
132, 902
118, 165
44, 398
169, 949
249, 390
286, 975
133, 837
122, 970
44, 794
178, 304
246, 325
294, 784
136, 492
130, 991
36, 772
156. 806
218, 145
290, 129
128, 061
128, 519
44, 428
171,427
197 415
244, 829
125, 391
113. 339
42, 155
163 375
195 157
233 792
108 452
122, 972
50, 311
186 255
229 393
237 896
136 (570
132, 205
12,313
14, 672
4, 556
13, 506
6. 733
6, 733
19,
19, 463
3,316
17, 221
4,739
24, 427
4,454
18, 194
3,958
18, 365
4,000
16, 454
8, 234
18,326
10 191
14, 507
4 428
17 021
16,608
2, 862
0
13, 650
54, 819
9, 984
21,516
10, 294
2, 436
0
14, 079
51, 158
13, 009
23, 988
28,616
27, 774
11,492
2, 274
2, 274
0
0
17,
17, 910
50, 414
50, 414
10,
10, 477
30,816
9,871
2, 636
0
26, 761
40, 796
7,474
24, 799
9,730
2,505
0
28, 332
50, 549
7,549
28, 394
7,947
3, 264
0
10, 752
50, 826
8, 759
29, 245
9,686
2, 560
0
12, 898
50, 255
6, 157
39, 177
7,495
2,205
0
14, 629
44, 912
9,266
33,715
9, 248
2.982
0
22, 320
47, 209
10 133
27, 724
7, 121
2, 530
0
17 985
52 443
11 827
20 110
13 622
2,417
0
23 459
60 433
8 327
30 ' 551
26, 941
47, 247
23, 853
4
52, 904
26, 531
34, 796
23, 720
2
45, 577
40, 819
40, 544
40, 572
1
61, 494
30,
30, 601
34,
34, 182
36,
36, 406
0)
0)
53,
53, 139
26, 610
28, 495
17, 145
1
47, 864
34, 598
26, 426
24, 370
2
61, 703
26, 562
26, 514
28, 004
0)
53, 551
39, 882
29, 471
27, 602
3
43, 743
27, 339
25, 755
23, 474
4
39, 048
18, 136
24, 688
16, 232
5
31, 229
18. 718
23 565
16 151
0
40, 224
31, 298
26, 444
20 2?2
0
54, 183
256, 211
261,941
11,241
28, 908
10, 500
19, 004
45, 828
52, 628
244, 873
245, 879
10, 028
25, 708
10, 083
21, 493
41, 194
51, 278
225, 408
265, 206
43, 555
1,207
41,576
43,012
1,181
1, 381
228,
228, 232
231,
231, 142
6, 349
6, 349
23,815
5,
5, 951
19,460
39,
39, 299
51,
51, 858
39,
39, 643
1,280
230, 946
221, 508
5,413
23, 481
5, 635
20, 121
35, 896
46, 864
41, 075
1,185
266, 227
235, 796
6,265
22, 473
9,072
19, 825
38, 925
54, 157
41,051
1,379
286, 973
238, 271
5,942
23, 850
6, 506
24,231
30, 827
51, 980
43, 843
1,383
294, 777
251, 969
8,214
24, 366
7,118
26, 140
34,315
47, 794
46, 998
1, 435
290, 101
242, 493
14, 177
24, 661
7,227
24, 441
32, 025
52. 218
41,671
1, 368
244, 820 >• 233 781
224, 732
220 033
6, 499
10, 095
19, 453
23, 454
6, 637
7,244
22, 994 * 24, 260
37, 068
27, 598
52, 481
48, 174
41,079
39, 870
1,340
1,175
237 876
255, 752
12, 341
29, 051
8, 528
24, 535
38, 095
54, 575
37, 000
1,227
154, 874
97, 194
61, 645
133, 390
759, 803
169, 572
89, 446
58, 876
123, 295
739, 816
180, 209
65, 366
131, 426
886, 713
134,
134, 540
109,
109, 383
63,
63, 603
106,
106, 815
865,
865, 528
110, 600
86, 884
50, 879
108, 222
828, 590
132, 539
118,308
139, 168
127, 324
106, 265
75, 029
82,490
67 762
56, 592
55, 889
53, 747
53, 977
116, 934
113, 055
113, 751
112,146
980, 513 1,001,069 1,051,475 1,006,585
96, 912
82, 004
60, 494
110,543
989, 715
127, 461
71, 562
50, 821
106, 992
817, 796
138 519
77, 693
55, 017
122,841
833, 312
265, 022
61, 290
272, 888
67, 142
324, 483
90, 505
21,999
22,531
98, 108
13, 165
133, 552
13, 473
29, 264
268,
268, 702
54,
54, 468
19.
19. 149
127,900
13 27?
13, 272
24.
24. 919
216, 627
47, 325
17, 838
93, 764
13, 604
19,003
250, 499
45, 064
20, 191
114,443
14, 242
33, 113
196, 463
21, 156
20, 517
90, 630
14, 795
19, 327
201, 207
35 154
19,617
71 321
14 735
31, 668
234 429
37 105
19, 939
83 688
15 525
46, 992
968, 547 1, 128, 114 1, 159, 365 1, 214, 281 1, 171, 602 1,143,205
124, 383
151, 579
162, 186
142, 195
134, 401
112,845
56, 273
66, 601
68, 459
70, 433
65, 670
71, 700
18, 294
17, 651
29, 329
33, 831
35, 556
33, 107
42, 914
46, 769
43, 436
41,841
45, 860
36, 335
973, 420
97, 338
62, 260
37, 407
33, 139
992, 953
99 481
77 504
34, 665
30 227
20 1, 960
11 307
27,081
61,312
19, 857
104, 400
21,051
108,911
13, 345
30, 816
31,980
941, 885
97, 815
61, 577
35 400
66, 336
908,
93,
58,
35
59,
216, 985
195, 392
7, 389
15, 258
47, 728
8,260
20, 451
49, 131
24, 966
104, 210
59, 144
58, 779
225,410
143, 558
136,881
2, 56:-;
16, 871
16, 093
2, 852
0
52, 745
11,782
8,527
30, 423
13, 939
19, 451
40, 394
54, 292
117,364
116 1, 056, 590 1,011,168
114, 891
992
124,
124, 610
203
58, 674
57,
57, 393
25 759
150
24,
24 778
779
45,
45, 801
67, 751
223, 535
38, 396
17, 925
89, 567
15, 236
38, 129
221,031
48, 278
22, 566
76, 556
14, 890
30, 504
196, 193
41, 340
23, 686
69, 467
15, 168
24, 845
241,
241, 385
9, 191
9,191
26,
26, 659
68,
68, 899
28,
28, 378
99,
99, 986
224, 610
10, 345
27, 561
62, 280
22,318
93, 483
270, 216
12, 973
32, 396
72, 492
29, 500
112, 544
271, 903
15, 201
33, 468
75, 255
24, 691
113. 577
274, 910
16, 278
32, 954
74, 554
26, 361
114, 166
263, 204
14, 705
32, 890
72, 291
22, 818
110, 938
234, 802
14, 032
26, 756
61, 924
21,923
101, 273
r 211, 158
94, 136
219, 575
9, 442
20, 328
54, 83 S
24, 673
100, 952
63 144
55. 496
66 650
55, 784
54 787
54,
52,
52, 956
54, 693
50, 386
62, 408
58, 572
67, 092
53, 852
56, 083
58, 193
56, 958
52, 234
55, 787
47, 792
54, 461
45, 475
21,225
12,411
24, 031
57, 003
15,868
94. 564
' 1, 236
1, 245
54, 724
55, 839
l
' Revised.
Less than $500.
d"Revisions for January-July 1952 will be shown later.
©Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
ITotal exports and data by economic classes and commodities include shipments under the Mutual Security Program.
Total MSP shipments are as follows (mil. dol.): October 1952-October 1953, respectively—173.1; 195.0; 275.8; 268.1: 272.3; 328.3; 339.8; 362.6; 371.1; 396.1; 274.1; 203.7; 233.5.
AExcludes shipments under MSP and "special category" shipments not made under this program.
©Including Manchuria beginning January 1952.
9 Data for semimanufactures
reported as "special category type 1" are included with finished manufactures.
§ Excludes "special category type 1" exports.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December
1952
October
November
19 53
)ecembor
January
February
March
April
May
June
July
August
September
October
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valued71 —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:
Egvpt
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
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
Nonagrictiltural products, total
-do
Furs and manufactures
__ _
do._
Nonferrous ores, metals, and manufactures,
total
thous . of dol - Copper incl oie and manufactures
do
Tin, including ore
do
Paper base stocks
do
Newsprint
__
do
Petroleum and products
do
918, 088
804, 618
1,052,254
922, 265
855, 92S
34 972
165, 295
190, 700
219, 224
86, 231
221, 665
35, 650
124, 144
175,518
202, 260
83, 900
183, 145
56, 798
185, 444
201 . 01 2
228, 973
134. 628
245, 399
53, 935
170,575
180,449
183. 865
1 37, 275
196,165
45, 119
140,520
.172,292
184,930
121,436
191,632
323
1, 851
7, 398
7, 739
7,013
6,840
9,591
8. 145
19,976
1,272
24, 648
24, 631
22, 773
18, 873
6, 685
20, 262
24, 633
30, 961
15,915
24, 527
19,926
20, 91 9
1 3. 682
13,852
27, 472
24, 666
21,282
15, 787
27,177
23, 045
1 9, o06
19, 422
22. 358
15,439
18,854
20, 750
15,473
23, 283
17,264
1,441
46, 056
12,552
23, 797
14, 124
1 4. 289
22. 748
17,577
14,161
20, 991
13,497
12,939
17,675
10,153
38, 678
42,717
37, 535
218,880
287, 126
1 9, 574
76, 739
31, 261
30, 066
24, 431
29, 486
32, 964
966, 133
228, 942
202,178
250, 443
355, 952
22, 245
1 5, 737
81 , 653
57, 678
36, 895
27, 778
28.165
41,975
20, 275
26, 468
33,160
51.490
35,814
32, 585
796, 195 1,022,526
268, 444
162, 055
89,410
243, 927
202, 297
181, 677
152, 183
74, 802
208, 513
179, 020
371 275
2, 897
109,' 608
4, 854
32. 648
19, 528
63, 072
594, 870
7,035
122,889
41,844
30, 693
27, 071
51,003
64, 466
6, 855
1 ,004,240 1,012,404
901, 626
933, 763
907, 885
841, 137
48, 568
1 54, 992
214. 543
214,918
150,420
220, 799
61,716
1 77, 403
207, 845
21 2, 304
147,441
205, 696
50, 510
164,010
194, 857
210,185
103, 991
178, 074
44 831
175, 200
200, 047
222, 790
101.994
188, 900
43, 008
145, 703
204, 207
203, 799
103, 028
208, 140
44 570
145, 040
178, 985
204, 274
94, 626
173, 642
44 537
154, 113
202, 130
204, 348
80, 661
239 953
2,334
9,734
2,328
9,202
4, 554
7,289
2,497
5,499
1,262
7,786
1,589
6,361
786
7,273
1, 632
7 099
14,347
1 7, 1 48
6, 965
19, 848
11,292
20, 540
12, 527
19, 247
8,561
15,403
23, 865
22, 032
18, 547
19,7i6
14,161
23, 325
1,196
26, 082
22, 330
19, 347
23, 937
21,935
21, 150
18,023
25, 929
22, 579
22, 563
22, 056
34, 882
19, 486
23, 727
20, 974
24, 992
18, 784
26, 227
12, 123
j,128
46, 934
14, 409
22, 948
13, 209
44, 874
17, 355
28, 071
15, 381
2,005
51,361
45, 656
17, 905
25, 487
11,549
1,131
44, 400
20, 483
24, 388
12, 725
1,134
53, 866
183,853
311,272
22, 642
57. 81 7
24, 844
33,519
36, 600
41,928
34, 575
913, 380
184, 887
294. 594
15 042
58, 576
26. 314
31, 029
32. 773
37. 861
34, 751
847,414
214,909
351, 998
20, 886
67, 596
28,143
37, 494
48,713
44, 221
39, 259
991,841
212,272
337. 552
18,549
59, 677
27, 304
43, 764
50, 054
39, 573
33, 573
997, 69i
210,174
266, 724
14,577
43, 197
27, 1 70
35, 066
40. 255
26, 993
37, 208
891, 102
222, 624
274, 477
16,093
48, 619
30, 403
34,121
39, 495
28, 774
34, 216
925,613
246. 727
229, 543
80, 176
275,415
190, 664
235. 401
190,685
85, 457
226, 328
175,509
207, 846
175,810
76, 307
221,684
165, 766
233, 896
207, 899
1 06, 062
243,141
200, 844
223, 930
215, 706
104,214
260, 145
193, 696
219,125
150,643
99,315
239, 091
182, 928
290, 334
8, 653
95, 080
3,713
27, 077
13,708
16,719
505, 860
2,611
410, 953
24, 650
149,133
5, 437
41,921
18, 080
27, 549
61 1 , 573
8, 585
382, 547
20, 084
123,611
5,315
35, 465
33, 282
38, 999
530, 833
7,578
335, 271
15,120
121,604
4, 794
28,816
31,237
29, 1 29
512,143
5,538
405, 857
13,101
150, 361
5, 936
33, 458
44, 450
30,011
585, 985
9,789
422, 200
17,662
148, 425
8,765
33, 938
44, 531
29, 572
575, 491
6,915
103, 083
40,616
20, 889
27, 323
48, 289
54,332
144,037
49,717
26 806
29, 675
53, 604
71,635
114,937
34, 452
30, 687
26, 031
46, 106
65, 360
119,542
43, 039
24, 555
24,219
43, 841
67, 702
122,919
36, 298
29,169
24, 039
49, 808
64, 539
127, 389
47, 099
24, 1 39
23, 677
51,661
56, 802
518
982
256
678
559
810
TRANSPORTATION
818
402
571
' 925, 740 813, 600
13, 065
15, 220
1,538
15, 559
26, 493
14,910
' 22, 375
8,824
14. 608
13, 963
22. 887
11, 470
14, 265
25, 157
12,161
44, 322
48, 121
203, 624
294, 732
27, 731
56, 753
20, 278
41,713
40, 680
26, 207
35, 643
892, 595
204, 101
253, 655
9, 964
48. 030
17, 238
42. 827
45, 095
23, 263
35, 791
835, 606
203, 860
305, 679
11,173
100, 661
11,744
52, 658
37, 530
18, 832
41, 038
928, 126
228,192
148,196
105,274
260, 284
183, 667
215,902
157,746
101,226
232, 061
185,661
203, 021
146,711
95, 4-12
221,050
169, 383
226, 121
208, 542
99, 442
211, 590
182, 431
331.416
1 7, 390
87, 985
8,110
29, 106
42, 786
24, 240
559, 686
5,529
328, 978
17,282
88, 607
9,162
30, 21 7
49, 431
22,192
596, 635
6,468
327, 459
13, 754
102, 599
6,199
26, 445
43, 058
27,815
565, 136
5,506
302. 602
9. 343
92. 939
6, 502
21,683
43, 779
19, 485
533, 004
5, 596
382 158
7, 551 .
155, 948
6.667
27, 375
40, 400
21, 774
545. 968
5,186
118,906
44,041
22, 652
25, 003
48, 600
62, 633
137, 901
52, 083
23, 259
27, 082
50, 828
61, 049
113, 638
41,501
19, 501
22, 828
48, 314
59, 554
100, 902
31.074
17. 607
27, 800
51,934
58, 201
105, 726
35, 470
It, 81 5
25, 755
48, 122
67, 743
499
876
265
601
546
r
537
18, 891
23 489
20, 228
27, 353
594
.
AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
36,213
Miles flown revenue
thousands
15,826
Express and freight ton-miles
flown
do -5, 731
Mail ton-miles
flown
do
2,183
Passengers carried revenue
-do
1, 119, 674
Passenger-miles flown revenue
do
35, 632
39, 550
33, 836
42, 004
34,211
35, 931
37, 707
37, 681
39, 517
41, 782
40 238
16, 591
14, 459
13,133
14. 967
14, 065
13, 992
14, 566
14,033
13, 426
13, 650
14, 768
5,971
5, 829
5,874
5,574
5, 554
5, 346
5, 557
5,541
5,352
7,947
5,400
1,839
2,059
2,238
1,879
1,845
2, 385
2,354
2,409
1, 828
2,265
2,334
972, 158 1, 018, 400 1,040,706 1, 000, 839 1, 154. 796 1,206,462 1,218,245 1, 320, 710 1, 305, 097 1, 332, 565 1,261,366
Express Operations
Transportation revenues
Express privilege payments
thous. of dol
-do
35, 727
15, 295
32, 426
11,937
43, 768
17, 782
30,918
11,253
29, 977
10, 698
35, 475
14, 210
33, 121
13, 527
31,032
11,410
32, 613
12,845
29, 890
10,536
31,162
12, 166
33, 728
14,438
12. 2330
1.042
132,000
12.4301
959
J 26, 100
12. 5042
1, 053
143, 700
12. 5890
953
127, 300
12. 6716
892
120, 300
12. 7330
1,004
130,900
12. 7818
977
129, 200
12. 8008
972
126, 600
12.8432
927
121, 100
12. 8941
878
120, 500
12. 9386
831
121, 500
12. 9767
865
118 300
Local Transit Lines
Fares, average cash ratef..
Passengers carried revenue
Operating revenues
-
.cents. „
-- millionsthous of dol
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
Number of reporting carriers
Operating revenues total
thous of dol
Revenue freight carried
thous of tons
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues total
thous of dol
Revenue nassenerers carried"
r
thousands . _
1,001
587, 689!
575 38f
32, 383
1,066
583, 773
546 096
32, 588
167
166
100, 096
90, 435
92, 146
86,813
83, 840
84, 657
13. 0127
944
1,062
609, 769
574, 343
33. 563
168
102, 976
89, 974
91, 406
Revised.
cT Re visions for January-July 1952 will be shown later.
©Including Manchuria beginning January 1952.
tData have been revised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over; revisions prior to August 1952
will be shown later.
SURVEY OF CURRENT BUSINESS
December 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-23
1952
19 53
December
November
October
January
February
March
April
June
May
July
August
September
October
TRANSPORTATION AND COMMUNICATIONS—Continued
TR AN SPORT ATION—Continued
Class I Steam Railways
Freight carloadings (A. A. R.):c?
Total cars
thousands..
Coal
do
Coke.
..
do .
Forest products
do
Grain and grain products
do
Livestock
do
Ore
_
do -Merchandise, 1. c. 1
_.do
Miscellaneous
. d o
Freight carloadings (Federal Reserve indexes):
Total, unadjusted . . _
1935-39=100
Coal
do
Coke ..
_
do .
Forest products
__.
_. . . ... do
Grain and grain products
do
Livestock
_ _ . . do .__
Ore
do
Merchandise, 1. c. 1
...
_.
do
Miscellaneous
do
Operating expenses, before taxes
Net operating income
Phones in service, end of month
4,022
1 537
397
50
172
236
25
378
257
1,450
678
64
238
254
38
473
347
1,930
133
105
176
151
158
52
328
43
146
128
94
162
147
166
46
341
42
141
134
112
162
153
142
55
331
44
146
130
106
183
137
141
65
237
45
146
128
105
179
145
155
60
212
43
142
123
94
167
146
138
60
213
42
139
130
112
169
145
131
58
221
44
145
40, 222
12 461
16 278
2 269
1 385
25, 302
7 511
7,400
4 129
3 111
32, 717
2,315
23, 982
3 934
3 400
246
21,134
362
260
342
949
925. 949
773. 517
79 704
701,399
924, 754
773, 524
76 799
689, 467
125, 733
95 393
74 420
135, 740
99 673
79, 232
130, 122
94, 428
71 , 988
133, 651
101 636
81, 526
52, 570
1 523
2,499
56 296
1 429
2,490
55, 194
1 474
2.830
53, 746
1 509
3, 106
57, 490
1 416
3 233
1 168
3 182
1 256
3 153
1*064
3 265
1 045
3 236
1,029
3 265
1 056
6 49
7 14
6 51
7 04
6.71
71
239
7 44
73
250
101,430
2,671
517
3,352
631
2,731
470
2,802
451
2,957
455
3,883
626
3,204
540
74
225
253
67
371
360
60
164
168
36
85
265
75
203
219
40
96
318
61
173
159
26
78
274
59
175
170
27
83
288
55
179
166
32
245
281
71
217
215
41
438
346
56
186
219
29
369
268
1,938
1,377
1,770
1,490
1 549
1 544
1 929
120
111
200
135
123
66
77
43
135
121
108
193
139
128
59
70
42
138
119
97
191
140
112
46
69
43
140
122
92
186
142
119
47
79
45
146
127
96
175
144
117
58
231
44
146
132
106
182
143
124
58
315
45
148
134
123
195
152
147
76
233
46
144
131
111
191
152
131
69
248
45
144
134
108
184
154
128
62
278
44
151
130
97
181
146
114
57
275
45
149
132
92
184
142
130
60
273
45
154
129
96
178
144
133
66
237
44
148
5,294
24, 003
8, 113
10, 456
79, 262
21 625
46, 558
792
449
173
827
564
137
69, 294
8 145
51, 776
1 376
73, 260
7 429
56, 584
1 745
58, 597
5 584
43, 375
1 501
768
194
976
203
602
341
908, 004
769, 593
65 025
661, 229
935, 061
762, 543
84, 009
711,367
863 001
713, 727
79 199
661,684
812
684,
64
621,
136, 088
110,687
84, 158
114,091
109, 602
141,852
121,242
80 075
57, 595
1 14, 076
77 800
55, 943
129, 134
93 570
71, 997
130, 392
101 509
77 241
56, 975
1 417
2, 416
50, 753
1 552
3,118
51, 756
1 458
2, 943
47, 714
1 502
2, 389
53, 227
1 536
2, 491
8,687
5, 813
2, 874
8, 560
5, 994
2, 565
8,064
5, 713
2, 351
7, 271
4 947
2, 324
8, 134
5 521
2, 613
2 866
1,077
3 057
1, 109
3 037
3 009
940
947
7.17
138
93
185
146
157
117
314
48
158
Total, adjusted .
do
128
Coal _
do _.
93
188
Coke
do
139
Forest products
_
do .
157
Grain and grain products. _
do
76
Livestock
do ..
233
Ore
do
46
Merchandise, 1. c. 1
do
145
Miscellaneous
do
Freight-car surplus and shortage, daily average:
8,914
Car surplus, total.. _
. .. number. .
25
Box cars
_
do
6,996
Gondolas and open hoppers .. __ . . do
14. 194
Car shortage, total
do
8 235
Box cars
do
5,169
Gondolas and open hoppers
do
Financial operations:
r
985, 231
Operating revenues, total
thous. of dol
' 838, 117
Freight
do
66, 027
Passenger
do
r
707, 499
Operating expenses
.
do
Tax accruals, joint facility and equipment rents r
thous. of doL. 156,733
' 1 20, 998
Net railway operating income
do
92, 073
Net income J-.
_.
.. do
Operating results:
58, 066
Freight carried 1 mile
mil. of ton-miles. .
1 503
Revenue per ton-mile
cents
2,481
Passengers carried 1 mile, revenue
millions..
Waterway Traffic
Clearances, vessels in foreign trade:
9,637
Total U. S. ports.
thous. of net tons..
6,467
Foreign
._
do .
3, 170
United States
do
Panama Canal:
3, 261
Total
thous. of long tons
1, 236
In United States vessels
.
. do .
Travel
Hotels:
Average sale per occupied room
.dollars
Rooms occupied
percent of total
Restaurant sales index
same month 1929=100. _
Foreign travel:
U. S. citizens, arrivals
number..
U. S. citizens, departures
do
Emigrant aliens departed
do . .
Immigrant aliens admitted
do
Passports issued
. .
do
National parks, visitors
thousands
Pullman Co.:
Revenue passenger-miles.. __
millions
Passenger revenues
thous. of dol..
COMMU1NICATIONS
Telephone carriers:
Operating revenues
thous. of dol..
Station revenues
do
Tolls, message .
__. ._ do
2,964
4, 001
713
138
123
195
149
144
95
258
47
150
' 4, 156
••576
' 73
'227
••278
r
82
'450
'376
r
2, 095
6.49
6.69
6 77
33
2, 030
7, 075
4 253
2,472
7.13
83
968
368
738
092
919 617
779, 580
67 052
1
696, 914
905
765
67
1
673
605
798
093
704
673
527
901
763
66
680
924
776,
75
688,
634
046
880
508
2 761
9,715
2 486
1 769
525
2,965
259
72
63
76
78
76
241
78
77
77
233
249
245
230
264
274
270
73, 084
55, 698
1, 579
16, 178
21, 497
60, 671
50, 824
1, 383
16 225
17, 109
56, 399
53 130
1,631
15 957
19, 466
59, 980
63, 018
1,477
12 699
26 700
74,917
76 349
2, 236
13 428
47 501
123, 344
91 919
253
328
419
69 711
85 632
1 945
14 251
53 901
1 030
119 703
375
358
172
314
992
560
83, 504
112 186
237
63, 298
71 506
1,476
10 656
40 199
OoO
089
057
439
36 929
4 004
26 472
4 040
982
717
69
86
2
13
57
599
2
16
44
2
9,064
665
766
919
8,368
9,664
741
748
11,610
9,388
696
656
9,817
9, 132
8,622
693
9,120
8,652
8,268
370, 929
216 164
127, 665
359, 634
214 751
117,549
380. 586
223 190
129, 766
374, 578
222 116
124,327
363, 949
219 15()
116 260
378, 836
223 607
126 615
380, 115
225 848
125 153
385, 809
228 180
128 219
386, 901
228 995
128 304
388 856
227 324
131 298
383, 186
225 723
126 940
261, 973
do
44, 112
do
thousands. . 41, 621
251,155
43, 950
41, 786
273, 404
50, 534
42, 068
260, 513
45, 507
42, 116
248, 719
46, 270
42, 298
264, 660
45 385
42, 488
262, 177
47 354
42, 670
278 219
47 103
42, 850
267 821
47 586
42 956
279 484
43 386
43 105
266 141
46 779
43, 234
17,842
15, 850
1,253
15, 881
14, 761
435
18, 962
16, 225
2,370
16, 937
15, 487
655
16, 033
14, 178
1,097
18, 245
15, 325
2,136
17,710
15, 187
1,734
17, 977
15, 835
1,346
18, 401
15, 802
1,820
17,617
16, 332
528
17, 221
15, 709
816
2,470
1,804
438
2,272
1,820
256
2 603
1,919
436
2 456
1, 875
360
2 293
1,778
296
2 617
1,869
512
2 276
1,846
229
2 257
1,855
194
2 315
1,777
333
2 344
1.946
180
2 370
1,803
355
2,611
2,160
360
360 j
2,391
2,069
267!
267
2,799
2,297
489
489
2,453
2,133
192
192
2,346
1,992
222
222
2 657
2,130
390
390
2 545
2,166
299
299
2 480
2,100
249
249
2 550
2,130
288
288
2 533
2,174
232
232
2 490
2, 139
' 164
164
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol..
Operating expenses, inch depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues .
do
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net
do
Net operating revenues
!
i
!
656
r
627
'249 ."""""
'Revised.
1 March data include operating expenses amounting to $17,700,000 which are applicable to the months of December 1952-February 1953; April data, $2,400,000 applicable to
December 1952-March 1953.
{Revised data for September 1952, $99,095,000.
cfData for October and November 1952 and January, May, August, and October 1953 are for 5 weeks; other months, 4 weeks.
SURVEY OF CUEKEXT BUSINESS
S-24
statistic* through
195:2 am! « N « s < - r i p l i v « ' notes are shown in t h e
1953 S t a t i s t i c a l Supplement to the Survey ! October
December
1952
1953
1
^ ;
Fphrll .
March
ary
April
May
June
July
185, 194
185,515
65, 371
77, 859
235,153
(0
69, 603
83, 907
241,110
August 1 Seg^
October
CHEMICALS AND ALLIED PRODUCTS
j
CHEMICALS
|
Inorganic chemicals, production:;
C a l c i u m arsenate (commercial)
Calcium carbide (commercial)
Carbon dioxide l i n u i d tr as and solid
Chlorine, <ias ..
short tons..
do ... i
do
i
do
j
do
i
184. 319
0)
56,315
54 882
229, 511
Hydrochloric acid (100%, IIC1)
...
. do
62. 050
Lead arsonat' 1 (acid and basic^
do
0)
Nitric acid (100% IINCM
do . _ _ ! 140. 866
2, 251
Oxygen (hieh purity)
mil of cu. ft
Phosphoric acid (50% TTsPO^
short tons . . ' 206, 792
Soda ash, ammonia-soda process (98-100%
Na 2 CO:>)
short tons.. 405, 778
8, 644
Sodium bichromate and chromate
do
260 156
Sodium hydroxide (100% NaOTT)
do
Sodium silicate, soluble silicate glass (anhydrous)
short tons..
60, 995
Sodium sulfate, Glauber's salt and crude salt cake
short tons..
75, 070
Sulfuric acid:
Production (100%, H2SO 4 )
do ... 1,164,978
Price, wholesale, 66°, tanks, at works
dol. per short ton..
20.00
Organic chemicals:
Acetic acid (synthetic and natural), production
38. 746
thous. of l b _ .
80, 829
\cetic a n h y d r i d e production
do
1,189
Acetvlsalicylic acid (aspirin), production. .do
Alcohol, ethyl:
35. 839
Production
thous of proof cal
r
85,851
Stocks total
do .
In industrial alcohol bonded warehouses
r
46, 432
thous. of proof gal..
39 419
In denaturing plants
do
« 35, 172
Used for denaturation
do
2, 058
Withdrawn tax-paid
. . .
__
do
Alcohol, denatured:
« 19 226
Production
thous of wine ral
» 19 166
Consumption (withdrawals)
do
2 7 347
Stocks
do
12, 868
Cresotc oil production
thous. of ( jal
7, 363
Ethvl acetate (85%), production
thous. of lb..
Glycerin, refined (100% basis):
Tlish gravity and yellow distilled:
7,602
Production
do
8, 101
Consumption
do
Stocks
do . . 11,447
Chemically pure:
11,147
Production
do
8, 886
Consumption
do
1C, 211
Stocks
do
Methanol, production:
188
Natural (100%) t
thous. of gal .
13, 367
Synthetic (100%>
do
19, 036
P h f h a l i c anhydride, production
thous. of l b _ _
188.882 i
61.903
45. 562
224, 868
419
65,788 i
44,463
231,017 j
926 l
61.913 :
43.997 i
217,261 \
534
68.946
52,950 1
233.081 ;
235, 596
241, 177
05. 369
381
0)
157. 508
147, 180
2, 1 75 |
2, 296
181,350
177, 178
66 056 i
709 ]
156.824
2,278 \
207,747 i
60. 570
1,194
139, 178
2,161
199.765 \
65 960 :
1.144 J
146,594 1
2, 336
214,811
65. 270
1,444
141,444
2,182
210,153
65, 890
964
134, 352
2,197
218, 427
63, 342
822
134, 227
2, 035
431, 598
414. 557
8, 339
259, 598
422, 365
8, 490 i
370,735
7,440
423, 755
432, 747
8,034
9,234
269,311
256, 482
274, 614
278, 970
44, 373
45, 89!
41,181
41 , 950
49, 941
76, 068
81. 436
81,814
73, 221
80, 383
56, 150 1
46. 117 i
219, 536
62,178
8,234
256, 495
1,159,217
173.857 !
189.644
!
193. 507
178, 562
188, 173
276
68, 391
51,823 !
192, 424
216
69, 703
66,194
195,484
193,932 i
0)
0)
64 860
73,793
228, 826
!
66,498 I
r
82. 948
' 238, 619
r
63, 425
64,936
140,268
"144,624
145, 824
198,325
1,992
195, 728
'•214,732
438, 427
10, 534
288, 216
390, 988
408, 351
414,642
11,414
10,177
277, 495
282, 175
10, 273
' 274, 676
395,896
8,363
261,893
57, 708
54, 037
44, 433
41,270
* 44, 436
48, 050
79, 776
78, 422
78,818
75, 609
77, 869
78, 067
1,192.921 1, 184.405 1,116.994 1, 270, 151 1, 206, 913 1, 257, 882
1,163,791
1,155,529 1, 13 1,309
, 115,249
62, 463
2,034 !
201,931 \
2,125
20.00
20. 00
20.00
20.00
20.00
20. 00
20.00
22. 35
22. 35
22. 35
22. 35
39, 241
69, 515
1. 145
42. 985
72, 855
1, 137
39, 858
67. 175
1. 120
33, 894
61,361
1, 115
44, 211
71, 448
1,195
40, 688
67, 380
1,342
42, 105
71, 065
1,278
40. 219
74, 568
1,117
48, 871
82. 359
959
44, 546
75, 406
1.111
40, 595
72, 051
1,071
31.552
42,182
81, 702
"
83, 245
46.161
84, 263
45, 013
77, 701
46, 837
64. 238
44, 681
74, 492
43, 394
78, 581
40, 645
72, 519
39, 034
75, 501
31 , 934
71,878
28, 995
65, 274
29, 033
58, 565
42, 281
39, 421
34, 286
2,101
44, 833
38.412
40, 638
1, 448
52. 686
31, 577
35, 349
1, 815
56, 948
20, 753
40, 320
1,892
54, 592
9. 646
56. 224
2, 171
55. 022
19, 470
34, 435
2, 105
54, 872
23, 709
35, 640
2, 030
53 812
18, 707
37, 469
2, 206
53, 731
21,770
36, 557
2, 106
50, 361
21 . 51 4
35. 346
1,944
47, 978
1 7, 296
33, 538
2,218
41, 108
17, 457
34, 685
1, 53?
19, 613
18, 428
8, 548
13 666
8,082
23,417
23. 665
8. 285
12, 785
8, 375
19, 037
20, 225
7,084
12, 631
6, 925
21. 659
17, 583
9, 689
10, 813
7.222
30, 199
25, 169
14, 909
11 505
7,685
18,414
23, 105
10, 207
12,386
7, 423
19, 201
21, 845
8, 855
14,015
6, 004
20, 126
23, 309
6. 84 1
13, 570
8,200
19, 649
20, 890
5, 575
11,448
7,343
18, 083
18, 781
17, 109
8, 230
r
19, 058
17, 861
6, 803
13, 683
4,995
r
7, 043
7,102
6, 898
6, 219
11,006
11.370
6, 701
6, 503
12, 998
6, 762
6,276
12, 697
8,097
6, 866
14, 856
7, 380
7, 092
15, 660
6, 993
6,787
15, 912
7, 653
6, 265
17, 999
5, 161
6, 037
16, 591
11, 663
7. 608
14. 595
12, 181
8, 233
16, 069
13.258
7, 552
17. 644
14, 722
8,217
20, 146
13, 276
7,897
21, 323
14,331
7. 698
24. 049
12, 234
9,021
25, 774
10, 747
8, 536
25, 580
173
13, 329
20, 480
166
15, 544
19, 978
153
14, 027
20, 013
148
11,890
184
13, 275
21. 841
192
12, 469
17, 519
204
12, 553
18, 181
189
12. 683
18, 059
146
14, 326
20, 375
924
140, 760
5, 946
2,030
1,863
227, 068
14, 628
201, 527
6, 734
910
230, 296
5, 650
426
311,892
r
203
272,139
7, 367
295, 012
5, 463
6, 425
254, 5.57
5, 507
249, 670
168, 940
132, 082
19, 489
6, 552
12, 272
7,356
15,834
10, 629
7,527
15, 336
18,317
18, 481
p 22. 35
7,783
6, 498
16, 529
6, 103
6, 883
15. 384
25,813
11,322
8,877
24, 605
15, 966
9, 618
26, 1 42
165
13, 861
19, 659
139
13, 603
18,459
5, 235
6, 400
1 2, 797
8' 899
FERTILIZERS
Consumption (12 States) §----- thous. of short tons..
Exports total
short tons
Nitrogenous materials
- do _ _
Phosphate materials
do
Potash materials
do
559
242, 814
7, 955
219, 806
12, 602
572
169, 991
685
141, 260
7,850
7,345
148, 848
113, 557
8, 686
116,482
6, 637
1,324
161, 193
5, 336
139, 696
9, 161
Imports total
- - do
Nitrogenous materials, total. _
do Nitrate of soda
do
Phosphate materials
do
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. ears,
port warehouses
dol per short ton
Potash deliveries
short tons
Superphosphate (100% A.P.A.)cf
Production
short tons. _
Stocks end of month
- do
220, 929
170, 367
69, 842
10, 856
25, 556
193, 988
138, 598
66, 738
26, 1 24
16, 698
194, 599
50, 743
8, 735
31,923
232, 080
180, 359
41, 722
12, 400
27, 654
296, 708
245, 377
37, 565
4, 521
30, 831
364, 728
291, 591
75, 600
29, 031
88, 419
11,527
40, 955
57.00
57. 00
133, 733
57. 00
139, 339
57. 00
167, 733
57.00
57.00
57.00
142, 726
57. 00
127, 884
214, 470
183 982
188, 722
252, 582
165, 229
251, 707
169, 459
271 , 922
174, 796
279, 846
174, 494
257, 996
200, 068
206, 673
215, 197
163, 678
7,848
140,058
199, 096
6, 853
179,311
7,814
11,610
417, 574
330,194
214,016
6, 101
299, 677
239, 888
92, 119
5, 080
13,819
205,411
86, 555
10,719
9, 596
2228
2304
306, 740
5, 484
287, 477
6, 913
227, 107
5 063
202, 022
7, 958
166,587
179,010
139, 272
7, 561
8,434
133, 866
22, 949
8, 694
14, 686
9,288
10', 732
142, 816
57. 00
108, 479
57. 00
130, 816
133. 370
53. 00
132. 228
117,982
196, 945
181, 727
164, 600
214, 636
151,444
160, 518
247, 530
168, 157
245, 537
231, 501
r
161. 579
' 243, 112
r
p 53. 00
NAVAL STORES
Rosin (gum and wood) :
Production, semiannual total
drums (520 lb.) - .
Stocks end of period
- do _
Price, gum, wholesale. "WG" grade (N. Y.), bulk
dol. per 100 lb...
Turpentine (gum and wood):
Production, semiannual total . _ _ b b l . (50 gal.) _
Stocks, end of period
do
Price, gum, wholesale (N. Y.)
dol. per gal..
r
769, 520
3 859, 380
8.50
8.50
8.40
8.90
8.80
8.80
927, 010
911 120
8.60
8.60
8.35
8.45
8.60
233, 670
.62
.62
.60
:
. 60 i
.60;
° 2i'S. s»u
. 60 |
_
.60
.60
.59
.59
_
.59
r
8. 70 1
P8. 74
297,270 !
213,770 i
.59!
p . 59
1
Revised.
*> Prelin inary
N"ot available for publication.
2 Data for 10 States, excluding Indiana and Missouri.
3 Revisions for March 1952: Rosin, 722,580 drums; turpentine,
a
194,450 hbl.
Revisions for September 1952 (units as above): Ethyl alcohol — used for denaturation, 31,302; denatured alcohol— production, 16,986; consumption, 16,798.
J Revisions prior to September 1952 will he shown later.
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma; prior to August 1953, also Indiana and Missouri.
According to quarterly reports from Virginia and semiannual reports from Kentucky, consumption in those States is as follows (thous. short tons) : Virginia — 1952 — July-September, 90; OctoberDecember, 100; 1953— January-March, 319; April-June, 322; July-September, 79; Kentucky— -1952, July-December, 225: 1953, January-June, 453.
cfPrior to the October 1953 SURVEY, data were s lown in short tons of 18% A. P. A. (available phosphoric acid).
SURVEY OF CURRENT BUSINESS
December 1953
S-25
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October
November
19 53
December
January
February
March
May
April
June
July
August
September
October
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of lb__
High explosives
do
Sulfur:
Production
thous. of long tons
Stocks _ do
1,184
66, 621
1,016
59, 840
902
56, 709
1,056
56, 212
812
56, 871
710
58, 876
634
63, 170
553
64 562
503
64, 765
579
61,167
754
68, 135
918
67, 850
1,000
70, 924
431
3,065
436
3,054
423
3,069
419
3, 130
382
3,089
472
3,043
480
3,001
455
2,867
419
2,920
424
2,960
451
3,037
416
3,059
431
3, 057
427 887
113,586
460 719
343 522
127, 834
453 996
344 181
128, 956
449 299
331 952
125, 007
443 138
311 131
126, 654
431 798
300 366
116,414
413 191
291, 364
101,330
380, 414
276 369
107, 346
318 383
282 060
121, 630
280 903
334, 269
135,312
249, 836
57 636
39, 197
117,840
51 541
35, 222
115,820
51 090
40, 361
109, 800
52 056
34 996
105, 854
52 336
33 926
105, 053
50 838
32, 625
99, 715
46,140
23, 966
106, 866
45 152
31,879
103, 388
43 702
30, 324
102, 327
47, 945
36, 705
91, 557
486
17,820
76 380
223
14, 599
65 644
244
11,930
51 459
1 844
11,443
47 180
8 000
12, 989
46 731
18 087
10, 672
46 797
27, 357
11,148
51 , 287
28 839
10, 246
74 408
30 052
12, 035
90 397
15, 939
12, 762
92, 126
572
551
488
521
510
546
457
525
415
458
369
446
322
378
379
426
' 451
'476
618
559
1,147
777
18,102
33 909
441
33 468
1,112
872
17, 699
25 247
877
24 369
1,102
967
18, 875
33, 521
554
32, 966
1,074
1,044
15, 467
60 054
2 481
57 573
1,052
1,072
18, 942
44, 941
2 336
42, 604
985
1,095
15, 915
39, 291
2 644
36 647
970
1,077
18, 714
34, 838
1,194
33, 644
912
1 052
24, 499
30, 146
2 826
27 320
'925
' 1, 050
17, 756
32, 716
2 193
30, 523
959
1,092
27 095
19 014
31 031
17, 729
38 517
25, 546
18, 786
18 883
29, 421
14,416
24 683
23, 958
15, 997
21, 759
72 839
29, 498
17, 895
37, 371
33, 743
16,198
19 969
28 611
11,277
29 029
28 337
26 583
34, 491
27, 041
24, 232
29, 174
36, 332
29, 922
39, 520
26, 942
32, 318
26, 959
37, 590
29, 970
31, 280
26, 372
35, 997
31,411
37, 129
31, 763
43, 066
28, 843
42 439
24 030
45 998
25, 409
44 820
27, 093
41 591
23 201
43 527
23, 063
45 273
27, 053
39, 1 25
22, 478
45 597
27 318
47 498
29, 108
46, 845
27, 356
44, 552
8,241
10 846
30, 782
7,677
5 298
36, 744
7,429
9,069
41 411
8,809
19 Oil
38, 685
8,759
9,896
41,113
7,723
7,079
41,803
8,732
8,013
37, 393
9,019
11, 774
46, 250
9,540
10, 975
53, 116
11, 260
222
655
1 827
100
550
1 391
38
480
949
28
377
614
14
266
361
44
208
197
113
155
155
276
182
250
310 755
194,047
262 173
210,115
231, 782
208, 612
181 730
178, 690
99 667
122, 619
75, 673
i 91, 549
211 130
178 757
180 541
170 739
165 269
149 973
133 124
115 605
95 387
84 671
74 529
56 418
55 418
42, 451
57 397
37 830
157 634
89 090
251, 701
134, 001
185 476
104, 450
29 016
627, 573
.228
173, 738
99, 752
25 781
723, 763
.179
169 882
90, 754
23 109
811,815
.233
159 289
92, 053
18 144
881, 275
.233
119, 424
79, 258
17 430
916, 453
.233
96 142
75, 610
19 744
935, 273
.233
67, 740
68, 663
15, 664
928, 561
.220
59 998
83, 622
16 724
918, 585
.206
97, 992
89, 270
18, 044
927, 026
.190
179, 751
133, 253
29, 477
974, 831
v.0
24
2,627
4 355
4.04
2,065
3 679
3.90
1,924
2 822
3.95
1 680
2 136
3.84
1,221
2 063
3.76
1,609
1 449
3.65
1,311
2 064
3.50
2 200
1 738
3.56
' 2, 452
' 1 943
3.85
2,849
4,720
3.88
51,336
41 602
643, 703
.146
41, 300
41 599
641, 675
.148
39, 027
43 085
636, 113
.151
34, 663
42 864
626, 180
.152
24, 497
42, 697
599, 768
.150
31,975
41 131
588, 812
.145
26, 764
45 511
575, 613
.138
43, 904
49 644
562, 033
.142
' 48 842
' 45 690
' 558, 139
.156
57, 003
42, 043
556, 874
p. 160
21, 550
65, 741
18, 679
55,817
20, 437
49, 613
19, 201
44, 764
20, 670
34, 380
17, 291
26, 905
16, 338
18, 865
18 684
7,613
' 15, 652
' 16, 631
3252,276
21, 284
61, 401
231,000
202, 969
195, 424
200, 412
186, 396
175, 466
221,783
203, 529
190, 474
208, 414
198, 287
182, 488
226, 293
175, 291
162, 942
190. 086
185, 566
166, 319
179, 503
155, 987
155, 641
208, 660
200, 180
191, 992
' 173, 756
' 212, 568
' 218, 495
229, 966
214,418
216, 608
166, 204
87, 118
.191
156, 308
88, 275
.191
158, 194
98, 342
.208
156, 951
103, 952
.208
190, 873
100, 864
.208
166, 767
106, 456
.208
176, 495
93, 779
.208
161, 242
82, 103
.166
' 105, 352
' 69, 052
.170
87, 907
62, 353
P .187
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
T
Production^
thous. of Ib
358, 489 r 368, 012 T 431 216
Consumption, factory
do
128,965
104, 045
105, 973
Stocks, end of month _
do
296, 004
327 150
406 370
Greases:
54 838
Production
do
55 434
57 588
Consumption, factory
do
44, 866
34, 533
32, 518
Stocks, end of month
_ _.do
101,152
107, 530
114,150
Fish oils:
r
r
r
9 962
6 404
3 417
Production t
do
Consumption, factory
do
15,957
14,975
10, 832
Stocks end of month
do
92 801
103 115
90 117
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
r
r
'629
594
Production, crudej
mil. of Ib
568
r
Consumption, crude, factory^
_ ._ do
566
532
571
Stocks, end of month :J
Crude . .
-do _. 1,049
' 1, 097
' 1, 122
r
474
578
Refined
do
705
Exports
_ - .-_ ..-thous. of Ib .
30, 808
41,414
35, 276
Imports, total
do
36, 190
37, 953
33 425
2 494
3 664
Paint oils
do
733
All other vegetable oils
_ do
32, 526
32, 692
35, 459
Copra:
Consumption, factory .
short tons
35, 228
30, 262
29, 524
Stocks, end of month
do
16, 591
12, 324
12, 900
Imports
do
43 529
25 218
23 426
Coconut or copra oil:
Production:
38, 622
Crude
thous. of l b _ _
45, 425
37, 619
Refined
do
31,423
30, 958
41,035
Consumption, factory:
61,323
47 818
Crude
do
47, 506
35, 858
26, 344
Refined
_
do
27, 401
Stocks, end of month:
42, 465
45, 915
Crude
_ _ _
do
47, 506
8,334
8,415
7,980
Refined
do
14, 152
Imports
do
16, 162
13,615
Cottonseed :J
T
Receipts at mills
thous. of short tons
' 1, 776 ' 1, 107
547
Consumption (crush)
do
'725
'670
'788
r
T
r
Stocks at mills, end of month..
do
2 409
2 027
2 286
Cottonseed cake and meal:i
T
Production
short tons
382 208 r 351 667 r 319 967
r
Stocks at mills, end of month§__
do
115, 282 r 144, 608 r 155, 796
Cottonseed oil, crude:t
r 251 863 r 233 965 r 215 713
Production
thous. of Ib
T
Stocks, end of month
.
do
163 345 r 188 985 r ig4 (348
Cottonseed oil, refined:
r
Production J
do
173 856 T r189 888 r 206 878
Consumption, factory t—
do
' 119,869
' 95, 700
86, 399
In margarine!
do
r 27 027
T 29 706 r 25 080
Stocks, end of month§J_-- ___
do _. r 343 167 '445 409 T 560 826
Price, wholesale, drums (N. Y.)_._dol. per lb_.
.193
.195
.191
Flaxseed:
2
Production (crop estimate)
-thous. of bu._
31,002
Oil mills:
Consumption
do. _
2 903
2 699
2 285
Stocks, end of month
do
5 621
6 154
4 967
Price, wholesale, No. 1 (Minn.)
dol. per bu_.
4.08
4.10
4.10
Linseed oil, raw:
Production
._ thous. of Ib
58 017
54 620
46 016
Consumption, factory
do
53 608
47 674
42 335
Stocks at factory, end of month
do
622 079
626,611
634, 959
Price, wholesale (Minneapolis)
dol. per lb._
.148
.151
.150
Soy beans:
2 291 682
Production (crop estimate)
thous of bu
Consumption, factory .
do
21 997
21 397
22 507
Stocks, end of month
do
89, 783
85, 496
79, 852
Soybean oil:
Production:
Crude
thous. of lb._ 238, 300 ' 230, 755 226, 935
Refined . _ . _
. __
_-do
198,811
199, 066
173, 576
Consumption, factory, refined t _
__do
182, 331
171,950
210, 621
Stocks, end of month:
Crude ..do
124, 629 ' 139, 688 153, 674
Refined t
do
73, 545
83, 716
75, 677
Price, wholesale, refined (N. Y.)---dol. per lb__
.151
.168
.161
r
2
Revised.
*> Preliminary.
1 See note marked "§".
Estimate for 1952.
{Revisions for January-September 1952 will be shown later.
jlncludes stocks owned by the Commodity Credit Corporation (beginning May
1
129, 515
140, 897
1
1
r
1,323
' 510
1,064
241, 458
86 379
69, 948 i 112, 687
1,860
778
2,146
1
371, 321
163, 838
3 39, Oil
3
November 1 estimate.
1953 for cake and meal and beginning 1952 for refined oil).
SUEVEY OF CURRENT BUSINESS
S-26
December 1953
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October
November
December
January
February
March
April
May
June
July
103, 203
20, 246
August
89, 753
23, 366
September
October
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS. OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Con.
Margarine:
Production
tf
thous. of Ib
' 124, 625 r r106, 584
r 23, 604
Stocks (factory and warehouse) cf
do
21, 880
Price, wholesale, vegetable, colored, delivered
.284
(eastern U. S.)
dol. per Ib .
.284
Shortening:
Production
thous of Ib
126. 622
178, 057
Stocks, end of month
do_
86, 653
93, 678
r
118,453
25, 437
r
126, 580
23, 412
114,037
25, 364
113,421
23, 911
93, 279
23, 105
89, 896
20, 817
96, 053
18, 372
114, 574
19, 350
136, 217
16, 382
.284
.284
.284
.284
.284
.284
.274
.274
.274
.264
P. 264
131, 749
93, 668
141, 878
87, 976
134, 857
97, 290
137, 161
92, 646
141, 998
108, 894
118 229
127,912
106, 815
126, 538
105 858
1 13, 700
130, 906
100,911
152, 322
89, 440
172,988
84, 703
121 687
47, 970
73 717
119 284
45, 868
73 416
PAINTS, VARNISH, AND LACQUER §
r
thous of dol
do
do
119 754
49 002
70 752
94 769
40, 808
53 961
91 050
41 536
49 514
107 729
42, 960
64 769
106 176
43, 788
62 388
121 139
49 645
71 487
129 534
52, 035
77 499
131 004
52 352
78 652
133 275
50 970
82 305
1^4 953
48 641
76 312
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
2,852
6,679
589
468
2,345
5,629
506
529
2, 659
5 780
556
456
2,360
5, 992
610
532
2,575
6,207
593
521
3,348
7 102
706
713
3,184
7,044
659
602
3,243
6 073
662
683
3,590
6 770
691
594
2,718
5 349
522
476
' 2, 848
6,259
597
449
3,387
7 393
644
427
39, 144
37,919
19, 868
39, 247
33, 936
8, 639
21, 728
35, 539
38, 515
18,315
39, 881
27, 644
8,914
21, 274
34, 474
37, 043
20, 473
41,654
31,002
7,840
21, 925
35. 305
32, 938
17, 883
44, 506
32, 978
8, 705
21, 788
32, 975
34, 374
16, 196
41,028
31. 228
8.246
21,304
40, 843
40, 233
20, 111
46. 721
36, 439
9,420
22, 946
41,551
35, 764
18,498
46, 295
34, 274
8,882
22, 458
38, 299
39, 374
19 856
46, 790
32 980
8,700
23 204
37, 633
36, 013
19, 442
44, 884
32 600
8,480
23 870
32 361
32, 399
13 745
40, 392
31 420
10, 555
19 176
r
35, 299
' 38, 672
16. 347
43. 592
r
28 809
9.399
19 268
38 266
32, 497
17 010
40, 381
28 548
8, 375
22 055
Factory shipments total
Industrial sales
Trade sales
Phenolic and other tar acid resins
Polystyrene
..
__
Urea and melamine resins
Vinyl resins ..
___
.__
Alkyd resins
Rosin modifications
Miscellaneous resins
do
__ do....
do
do
do
do_ _ _
do
r
r
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial) , total {
mil. of kw.-hr_.
Electric utilities, total--..
do
By fuels
do
By water power
do
Privately and publicly owned utilities
mil. of kw.-hr.Other producers
do
Industrial establishments, total
do
By fuels
__
do
By water power ._
do
Sales to ultimate customers, total (Edison Electric
Institute)!
mil. ofkw.-hr
Commercial and industrial:
Small light and power __
__ __
do. _ _
Large light and power
do
Railways and railroads - .
_ _ do, ..
Residential or domestic
do
Rural (distinct rural rates) - ... _
_
do
Street and highway lighting
do
Other public authorities - _ _ do
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute) % . _
thous. of dol
40, 571
34, 868
27, 815
7,053
39, 365
33, 781
27, 217
6.564
42, 389
36, 536
28, 279
8,257
42, 656
36, 663
27, 402
9,261
39, 165
33, 597
24, 603
8, 995
42, 993
36, 969
26, 771
10, 197
41, 510
35, 627
25, 923
9, 705
41, 995
35, 982
25 695
10, 288
42, 733
36, 827
27 732
9,095
43, 927
38, 030
29 276
8 755
44, 497
38, 497
30 043
8,454
42, 923
37, 038
29 449
7 589
43, 751
34 614
30 477
7 137
30, 283
4,586
5,703
5,438
265
29, 372
4,409
5,584
5, 343
241
31, 450
5, 086
5, 853
5,533
321
31, 432
5, 231
5,994
5,571
423
28, 431
5,166
5,567
5,149
418
31, 249
5,720
6,024
5,572
452
30, 239
5,388
5, 882
5,426
456
30, 294
5,688
6, 013
5,578
435
31,317
5 510
5, 905
5 511
395
32, 209
5 821
5 897
5 563
334
32, 331
6 166
6,000
5 718
282
31, 285
5 752
5 886
5 611
275
32, 252
5 361
6 137
5 853
284
29, 279
29, 353
30, 676
31, 616
30, 875
31, 664
31, 346
30, 991
31, 358
31,951
33, 031
32, 794
5,235
14, 825
426
6, 951
765
321
712
44
5,187
14, 587
433
7.460
600
342
710
34
5,414
14, 888
480
8,259
525
364
714
32
5,594
14, 810
475
9,081
540
363
720
33
5,411
14, 741
440
8,627
575
327
718
38
5,345
15, 684
462
8,383
683
325
734
49
5,287
15, 663
436
8,033
854
290
731
51
5,356
15, 749
412
7,614
809
272
727
53
5 620
16 037
394
7 438
801
255
758
55
6 081
15 942
380
7 479
1,006
259
752
52
6,253
16 583
371
7 546
1, 180
283
757
56
6,191
16 343
369
7 651
1, 120
309
759
52
521, 062
527, 426
550, 591
569, 334
557, 643
560, 606
554, 637
549, 247
555, 798
566, 985
580, 126
575, 047
GAS
Manufactured and mixed gas (quarterly):!
Customers, end of quarter, total
thousands
Residential (incl house-heating)
do
Industrial and commercial - _
do
Sales to consumers, total
mil of therms
Residential
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous of dol
Residential (incl. house-heating)
do
Industrial and commercial
- ..do
Natural gas (quarterly) :J
Customers, end of quarter, total
thousands. .
Residential (incl. house-heating)
do
Industrial and commercial
do
Sales to consumers, total
mil. of therms
Residential (incl. house-heating) ._ _ . _
do
Industrial and commercial
__
do
Revenue from sales to consumers, total
thous. of dol Residential (incl. house-heating)
do
Industrial arid commercial. . _ ... do. _
r
6,707
6. 230
474
804
493
298
6,552
6 081
467
1,095
748
336
6 508
6 049
455
813
485
319
113,514
80, 986
31,614
146 648
108, 093
37, 524
111 643
78, 965
31, 899
19, 690
18, 078
1 59>
16, 249
6,757
8,855
19, 721
18 138
1 562
12 606
3,510
8,541
756, 107
477, 947
265, 043
524, 442
280, 128
232, 779
19, 357
17, 802
1, 533
13, 593
4, 175
8,489
556, 696
308, 596
232, 052
.-
. ...
Revised.
*> Preliminary.
cf Revisions for production (September 1951-September 1952) and for stocks (December 1951-September 1952) will be shown later.
§ Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
{Revisions for 1952 for electric-power production and for gas are shown in the October 1953 SURVEY; those for electric-power sales and revenues, in the October and November 1953 issues.
SURVEY OF CURRENT BUSINESS
December 1953
S-27
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October
November
1953
December
February
January
March
May
April
June
July
8,753
8,083
11,062
9,905
9,210
11,104
September
August
October
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 eal
Consumption, apparent, for beverage purposes
thous. of wine gal. .
Tax-paid withdrawals
thous. of tax gal._
Stocks, end of month...
.
do
Imports
thous of proof gal
Whisky:
Production
.. thous. of tax gal
Tax-paid withdrawals
do
Stocks, end of month
._
do
Imports. . . .
_ ._ .thous. of proof gal
Rectified spirits and wines, production, total
thous. of proof gal..
Whiskv
_ _.
.
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, 845
6, 852
' 10, 134
5,787
5,908
9, 598
6,686
6,774
9,006
6.621
5, 707
9, 606
6,191
5, 630
9,789
7,683
6,658
10, 324
8,167
7,198
10, 720
7,791
7,118
10, 905
r
8, 339
' 8, 757
10, 013
9, 458
8,905
11, 005
7, 606
6, 941
10, 091
r 20, 727
12, 265
10, 558
10, 321
9,548
12, 539
12, 116
11,812
11,469
9,632
7,282
19, 463
r
15, 799
r
909, 002
2,048
18, 966
15, 013
898, 143
2,360
22, 785
10, 216
894, 492
2,204
13, 398
8,872
892. 357
1,183
13, 597
9,124
890, 328
1,302
14, 785
11,311
887, 827
1,735
15, 277
10, 785
886, 619
1,469
16, 139
10, 799
884, 315
1, 636
14, 686
10, 839
881, 824
1,594
14, 306
9, 735
878, 764
1,521
14, 024
9,371
873, 616
1,490
16,341
12, 633 ~~~I7~257~
867, 166
861, 353
2, 159
3, 683
3, 859
8, 312
' 9, 051
737. 913
745, 181
2,162
1,826
5, 782
5, 676
735, 172
1,977
6, 836
5, 320
734, 248
1,063
6, 939
5,307
733, 138
1,185
8,295
6,149
732, 448
1,639
8, 053
5,917
731, 757
1,337
7,232
73oi 843
1,504
7,674
5,499
730, 916
1,465
5, 680
4, 793
729, 729
1,415
3,974
5,241
725, 979
1, 350
7, 263
7, 301
722, 169
1,970
10, 094
9, 406
718, 330
11,470
9, 964
15, 375
28, 896
11, 446
10, 116
11, 536
10, 455
7, 732
6,614
6,103
5,091
6, 634
5,721
8,313
7,217
7,683
6,500
7,934
6,659
8,047
6,739
6,902
5, 656
6,248
5,171
8,930
7,740
90
158
1,384
64
82
182
1,274
86
77
197
1, 139
96
151
97
1,183
33
73
68
1,178
23
101
88
1,185
40
249
86
1, 343
39
151
101
1,386
44
148
'97
1,427
46
82
67
1,435
31
112
95
1, 448
30
45
66, 382
13, 822
219, 565
513
124, 199
25, 764
12, 333
233, 390
589
55, 656
6, 622
11,637
225, 069
589
17, 406
2,442
10, 303
215, 550
396
2,786
1, 265
9,963
205, 265
295
722
1,212
12. 161
191, 805
478
1,075
1,097
11, 739
179, 567
486
1,561
1,221
10, 938
169, 669
409
534
1,126
9,804
158, 739
453
674
876
7,098
152, 280
409
1,839
1,679
8,576
143,810
325
4,020
89. 575
102, 177
.716
76, 420
83, 951
.699
95, 855
72, 723
.678
106, 000
85, 737
.670
102, 960
99, 557
.668
122, 585
132, 790
.668
133, 995
149, 876
.659
156, 550
193, 609
.658
157, 010
257, 447
.656
138, 085
309, 894
. 656
119, 645
334, 853
.661
89, 090
63, 270
256, 885
225, 317
5,939
78, 110
53, 290
242, 509
210, 029
5, 734
84, 840
55, 330
238, 803
205, 178
4,454
87, 025
58, 375
227, 499
194, 286
6,982
84, 975
59, 935
218, 371
186, 776
3, 559
105, 285
78, 875
232, 255
201, 425
4,912
1 18, 535
92, 625
262, 606
231, 524
4,503
149, 075
118, 645
313, 276
279, 886
4,944
151,415
121, 645
373, 855
339, 812
4,183
128, 460
102, 000
420, 281
385, 445
2,121
114, 330
88, 730
445, 575
410,733
2,824
.463
.457
.431
.427
.422
.411
.407
.408
.406
.105
.405
.407
.424
2, 710
262, 400
2,390
228, 500
2, 300
170, 000
3,000
162, 200
5,248
410, 379
425
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
thous. of Ib
Stocks, cold storage, end of month
... do
Price, wholesale, 92-score (New York).. dol. per lb._
Cheese:
Production (factory), total
thous. of Ib
American whole milk
do
Stocks, cold storage, end of month, total. _ .do
American whole milk
do
Imports
_ _
.
do
Price, wholesale, American, single daisies (Chicago)
dol. perlb..
Condensed arid evaporated milk:
Production , case goods:
Condensed (sweetened)
thous. of Ib
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do .
Evaporated (unsweetened).
do
Price, wholesale, U. S. average:
Evaporated (unsweetened)
dol. per case..
Fluid milk:
Production
mil of Ib
Utilization in mfd. dairy products
do
Price, dealers', standard grade
dol. per 100 l b _ _
Dry milk:
Production:
Dry whole milk
thous. of l b _ _
Nonfat dry milk solids (human food) . _ d o _ _
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Exports: r
Dry w hole milk. ..
.
. do.
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food), U. S. average
dol. per lb_.
r
96, 730
323, 077
.670
92, 375
304, 359
.682
97, 500
72, 450
' 460, 488
426, 383
5, 540
87, 775
61, 869
445, 080
412, 537
r
r
3,725
208, 000
3,275
167, 100
4,575
171, 750
7,190
493, 073
7, 519
447, 175
8,320
382, 563
8,662
313, 741
10, 154
262, 904
9,489
238, 043
7,849
262 319
8,688
366, 926
9, 579
475, 333
6,993
511,696
6, 066
524, 007
5, 123
481, 196
1, 361
12, 342
1,071
7,740
365
6,539
2.334
8,956
1,527
7,785
2, 423
11, 106
1,969
8,827
2,718
13, 439
539
14, 848
2,916
11, 957
937
10, 449
1,085
13, 997
r
' 5, 025
169, 800
r
' 4, 250 '4,275
158, 400 ' 202, 200
' 4, 425 ' 5, 285
3, 775
243, 500 r 323, 000 r 327, 900
r
6.40
6.39
6.33
6.27
6.21
6.12
5.96
5.92
5.79
5.76
5.81
5.79
5.80
8,664
3,247
5.65
7,891
2,769
'5.69
8,389
3, 250
5.63
8, 706
3,458
5.50
8,533
3,346
5.40
10, 100
4. 059
5.27
10, 854
4,522
5.05
12 610
5,435
4.92
12, 349
5, 492
4.87
11,508
4,742
4.98
10, 494
4, 146
5.06
9,219
' 3, 374
'5.20
8,779
3,174
5.24
5, 475
45, 100
4,840
43, 000
5,840
65, 950
'J. 535
r
7, 325
r 80, 300
r 9, 450
148, 400
9,375
142, 350
T
10, 050
113,200
r
10, 052
91, 900
8,040
9,000
65, 150
20, 212
135, 177
17, 009
124, 553
15, 181
127, 715
15, 411
132, 265
11, 743
69, 694
3, 186
3,365
3,695
4,196
3,694
8, 851
.166
.166
r
8, 800
108, 700
' 8, 750
r 124, 900
12, 844
128, 820
13,311
132,555
13,391
130, 487
14,930
154, 334
14, 443
159, 895
13, 615
133, 300
14, 165
116, 264
11,513
86, 653
3, 495
2,706
2, 850
1,690
5, 371
2,260
3,824
8,073
3,394
7,832
2,920
5, 131
4,378
14, 323
6, 105
7,801
3,648
3,676
.164
.163
.160
.158
.153
.149
.147
.146
.146
.147
i 92, 489
2,748
20, 061
2, 525
15, 265
2,671
10, 775
2,762
6,386
2,290
3,278
1,536
1,377
655
306
267
128
180
509
r
T
.149
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_.
Shipments, carlot
... no. of carloads "~~5~578~ ""~2~630~
Stocks, cold storage, end of month. .thous. of bu._
24, 941
26, 892
Citrus fruits, carlot shipments
no. of carloads..
6,420
5,366
13, 256
Frozen fruits, stocks, cold storage, end of month
thous. of lb._ 532, 993
493, 402
455, 479
Frozen vegetables, stocks, cold storage, end of
month
thous. of Ib . . 576, 522
569, 974
534, 933
Potatoes, white:
Production (crop estimate)
thous. of bu_.
i 347, 504
Shipments, carlot
no. of carloads. . "~2i~536~ ~"i7,~282~
18, 300
Price, wholesale, U. S. No. 1 (New York)
dol. per l O O l b . - j
4.792
4.971
5.481
' Revised.
*> Preliminary.
(
1 Estimate for 1
J52.
2 N ovember 1 estimate.
2
r
'706
7, 887
10, 915
10, 891
11,256
11,332
12, 331
12,317
9,011
6,564
481, 129
496, 233
449, 348
441, 235
456, 980
487, 259
568, 132
602, 001
r
580, 867
494, 893
450, 265
419, 899
384, 285
361, 217
384, 292
468, 377
573, 601
r
688, 353
23, 101
20, 694
24, 871
19, 337
19, 142
25, 238
15, 464
11,871
5.369
5.317
3.969
4.013
4.085
2.917
2.230
3.165
' 6, 938
94, 064
3, 695
27, 588
5,971
577, 448
734, 377
15, 770
r
T
2 370, 856
17, 549
3. 060
v 3. 324
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December 1953
1952
October
November
1953
December
January
February
March
April
May
June
JL iy
August
Se
£eerm-
October
FOODSTUFFS AND TOBACCO— Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of b u _ _
Barley:
Production (crop estimate)
do
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
_
do
Exports including malt
Prices, wholesale (Minneapolis):
No 2 malting
No 3 straight
do
dol. per bu
do
Corn:
Production (crop estimate)
mil of bu
Grindings wet process
thous. of bu
Receipts, nrincipal markets
do
Stocks, domestic, end of month:
Commercial
do
Onf'irms
mil ofbu
Exports including meal
thous of bu
Prices, wholesale:
No. 3, white (Chicago)
dol. per bu..
No 3 yellow7 (Chicago)
do
Weighted average, 5 markets, all grades — do
Oats:
Production (crop estimate)
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
mil of bu
thous. of bu_.
do
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu..
45, 105
1
Wheat:
Production (crop estimate), total
48, 094
38, 306
33, 654
30, 849
37, 260
32, 034
34, 992
6,877
7,005
9,402
8,161
7,479
6,527
8,037
25, 503
' 18, 423
16, 967
10, 717
5,960
12, 188
1,096
1,064
960
2,209
' 14, 631
145 725
2,478
12, 609
2,161
6,949
3 25, 567
1,018
9,070
1,374
8,386
57, 396
2,556
7,555
3,829
13,415
99, 177
4,237
11, 902
4,367
1. 631
1.545
1.598
1.505
1.612
1.457
1. 581
1.456
1.495
1.395
1.521
1.459
1.538
1.446
1.531
1.387
1.440
1.265
1.420
1.236
1.511
1. 374
1.479
1. 344
1.516
1.417
12, 095
48, 645
10, 769
56, 549
i 3, 307
9,965
33, 489
10, 700
22, 037
10, 336
18, 195
11,373
21, 403
11, 406
19, 601
11, 134
20, 621
11, 033
24, 690
9, 772
24, 231
10, 629
25,011
10, 769
25, 234
2 3, 180
12, 438
52, 068
31, 204
60, 880
46, 101
21, 740
9,459
8,773
12, 492
9, 381
8,741
9, 365
3 333. 9
10, 469
23, 072
7,633
15, 774
995.3
11, 939
10, 218
16, 087
37, 288
1, 466. 4
9,013
29, 840
16, 045
62, 039
2, 173. 2
22, 554
51, 032
7,317
1.962
1.586
1.571
2.135
1.575
1.569
2.109
1.630
1.597
2.081
1.605
1.573
(4)
1.551
1.525
2.095
1.562
1.540
(4)
1.573
1.557
(4)
1.600
1.578
(4)
1.546
1.522
(4)
1.579
1.511
(4)
1.603
1.550
1. 618
1.658
1.568
1.561
1.461
1.443
5,573
4,735
i 1, 268
13, 979
6,708
6,884
6,796
4,714
4,854
7,780
17, 033
24, 375
8., 784
21,205
5,908
30, 140
26, 546
19, 819
10, 828
22, 945
286
328
452
327
27, 122
977, 015
305
22, 908
261
11, 958
3 220, 067
358
18, 348
238
12, 734
456, 956
935
11, 740
278
25, 041
791, 661
279
21, 592
311
.907
.904
.919
.881
.800
.797
.782
.772
.752
.760
.770
.743
.752
88, 012
69, 705
89, 398
78, 442
90, 896
49, 060
72, 663
76, 436
96, 375
63, 242
78, 020
55, 941
79, 454
49, 364
328
2,917
1.914
23, 804
i 48, 660
110, 166
93, 444
154. 481
66, 808
2 52, 628
2.504
2.416
2.329
2.519
13,815
54, 191
13, 388
4, 953
194, 685
54, 068
' 9, 373
83, 225
107, 170
90, 015
80, 077
62, 143
74, 247
48, 063
48, 982
44, 537
49, 517
6,282
369, 394
316, 100
219, 191
276, 817
127, 747
225, 283
61, 571
175, 366
17, 044
73, 162
8, 169
106, 741
9,937
147, 581
15, 567
131, 382
6,261
84, 077
450, 783
127, 449
950, 658 1,227,523
212, 755 315,693
829, 159
203, 923
.108
699, 757
199, 698
.108
550, 827
80, 638
.108
482, 864
114, 383
.121
370, 233
113, 180
.124
235, 052
62, 057
.124
111, 633
63, 625
.124
29, 640
124, 125
.124
188, 443
56, 803
.093
572, 192 1,040,286
113, 178
».093
.085
i 15, 910
2,470
2,892
1.920
321
2,685
1.831
239
2,254
1.751
240
2,320
1.753
1,488
3,373
1.614
1,201
3,627
1.516
502
3,630
1.388
1,136
3, 755
1.268
1,916
4,288
1.249
995, 513
149, 231
.106
302
2,698
1.978
r
i 1, 291. 4
i 238. 6
1
1, 052. 8
23, 372
21, 383
' 251, 107
2
23, 399
15, 809
Stocks, end of month:
261, 241
251, 212
265, 465
237, 465
242, 463
Canada (Canadian wheat)
do_
1, 103, 275
United States, domestic, total d"
do
"293," 700" ~~276,~675~ 259, 257 ""240,"968" "231," 647
Commercial
- - do
Interior mills, elevators, and warehouses
311 752
thous. of bu128, 199
jvieicnani m ns_ __
__
399, 412
34, 816
29, 785
29,298
20, 149
33, 051
Exports total including
flour
do
30, 879
24, 544
25, 586
16, 146
29, 193
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu__
No. 2, hard winter (Kansas City)
do._.
No 2 red winter (St. Louis)
_ do
Weighted avg., 6 markets, all grades
do...
2 237, 476
11,510
18, 989
mil. of bu_.
thous. of bu_.
39, 353
8,294
opllllk W l l t d l - -
Receipts, principal markets
52, 516
227, 008
7,659
8,613
Rice:
Production (crop estimate)
thous. of bags 9 ..
California:
177, 837
Receipts domestic, rough
thous. of lb_
61, 546
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
65, 882
of month
thous of Ib
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills
thous. of lb__ 1, 338, 113
' 342, 531
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
1, 104, 894
basis) end of month
thous. of Ib
199, 214
Exports
do
.105
Price, wholesale, head, clean (N. O.).dol. per lb_.
Rye:
Production (crop estimate)
thous. of bu..
Receipts principal markets
do
Stocks, commercial, domestic, end of month, .do
Price, wholesale, No. 2 (Minn.)
dol. per bu._
56, 854
40, 301
2.541
2.458
2.306
2.567
2.533
2.445
2.329
2.568
2.490
2.402
2.380
2.530
2.492
2.358
2.355
2.505
19, 833
263, 986
25, 917
27, 035
r
79, 993
280, 818
103, 118
38, 907
2,663
6,240
1.156
17, 452
924
5,923
1.226
21,163.2
2 284. 9
2 878. 3
32, 871
40, 988
186. 641
239, 783
272, 551
255, 780
268, 135
321, 582
267, 564
305, 420
287, 303
3 562, 270
840, 836
1, 539, 243
217, 258 "2ll," 909" "265," 929" 3 239, 330 "342," 428" "351," 632" 359, 213 " 352, 932"
246, 186
101,691
268, 440
35, 586
32, 491
28, 151
24, 725
2.521
2.395
(4)
2.551
2.529
2.387
2.270
2.529
3 183, 328
3 58, 408
3 72, 840
17, 535
19, 769
13, 352
15, 985
26, 467
23, 036
20, 756
18, 945
2.492
2.036
1.793
2.265
2.443
2.086
1.808
2.202
2.474
2.175
1.822
2.439
2.558
2.355
2.145
2.530
457 631
134, 477
562, 253
21, 740
19, 066
2.514
' 2. 217
1.899
2.533
2.621
2.288
1.882
2.562
Wheat flour:
Production:
18, 035
17, 695
17, 351
20, 772
19, 783
18, 720
18, 177
19, 442
18, 565
17, 041
18, 990
18, 671
21, 081
Flour
thous. of sacks (100 Ib.).
76.6
73.5
88.2
78.0
78.8
75.6
86.7
87.3
79.3
79.0
88.9
81.1
82.7
Operations percent of capacity
347, 478
341, 898
424, 000
356, 570
363, 955
371, 059
364, 650
393, 577
397, 704
380, 119
336, 676
377, 270
424, 466
Offal
short tons
41, 767
43, 344
48, 436
40,904
42, 198
45, 328
42, 903
40, 103
44, 107
45, 968
39, 435
43, 458
49, 088
Grindings of wheat
__ thous. of bu_
Stocks held by mills, end of quarter
4,093
4 589
4,544
4,152
thous. of sacks (100 Ib.)1,795
1,472
777
1,624
1,471
1,148
1,593
1,328
2,250
1,690
1,718
1,656
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
5.550
5.925
p 6. 467
6.100
5.980
5.935
'6.250
6.075
5.855
5.825
5.765
5.830
5.635
dol. per sack (lOOlb.).
v 5. 946
5.150
5.275
5.525
r 5. 855
5.675
5.675
5.675
5.525
5.425
5.525
5.625
5.500
Winter, hard, short patents (Kansas City) .do. „
r
l
2
Revised.
* Preliminary.
Estimate for 1952.
November 1 estimate.
8
Old crop only; new grain not reported until beginning of new crop year (Julyfor barley, oats, and wheat; October for corn).
* No quotation.
9Bagsof 100 Ib.; prior to the October 1953 SURVEY, data were shown in thous. of bu. of 45 Ib.
. , . , . , , , _ , _
^
,A ^
cTThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
SURVEY OF CURRENT BUSINESS
December 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-29
1953
1952
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
July
June
August
Septem-
ber
October
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. of animals. .
Cattle
_
_..
.-do
Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 1001b__
Steers, stocker and feeder (Kansas City). -do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals.Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb_Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hogSheep and lambs:
Slaughter (federally inspected)
thous. of animals. Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb_Lambs, feeder, good and choice (Omaha) -_do
602
510
535
541
586
602
1,313
1 877
192
1,170
1 609
86
504
616
1,151
2,379
691
1, 252
2,023
263
422
1,390
3,143
1,117
1,299
1 952
124
1,371
2 019
161
1,345
2 055
160
1,450
2 440
184
1,498
2 258
211
1,494
2 559
265
1,644
2 770
446
1,782
3 080
773
32.09
22.76
33.00
31.37
22.31
33.00
28.77
20.50
29.00
26.04
21.73
30.50
23.41
20.91
33.50
21.98
21.19
29.00
21.50
19.91
25 50
21.83
19.80
27 50
21.73
15.22
19.50
24. 26
16.75
23.00
24.79
15. 78
23.50
25.41
15.07
'21.00
25.35
15. 74
v 22. 52
5, 492
3 099
5,772
3 326
7,251
4 233
6,267
3 571
4,550
2 562
4,962
2 785
4, 325
2 358
3,643
2 031
3,607
2 119
3,276
1 837
3,396
1 867
4, 059
2 169
4,994
2 665
18.55
16.76
16.52
17.98
19.39
20.50
21.88
23.54
23.24
23.29
22.97
24. 18
21.54
12.1
11.4
10.7
12.0
13.5
13.8
14.2
15.5
15.5
16.5
15.9
15.9
15.9
1,427
2,228
830
1, 069
1,289
335
1,218
1,267
215
1,289
1,295
158
1,088
1, 038
90
1,190
1,173
122
1,100
1, 115
99
1,015
1,147
131
1, 055
1,108
102
1,108
1,159
136
1, 158
1,483
291
1, 366
1,822
517
1,529
2. 026
754
23.88
21. 25
22.62
20.50
21.62
19.18
21.50
20.52
22.38
20.01
23.12
20.83
24.00
(0
25.12
0)
25.50
0)
25. 38
17.94
23. 38
17.78
10.25
1 5. 57
19. 00
16.41
1,572
1,712
1,649
1,537
1,617
1, 579
1 , 525
1,675
1 , 913
1,043
63
990
55
929
55
818
50
749
46
638
50
5"2
50
r 460
404
701, 489
274 457
1,272
779, 450
256 439
1 368
826, 083
234 891
1 794
812, 729
210 274
1 965
859, 894
190 408
2 848
877. 290
163 626
3 073
860, 476
155 672
2 973
925, 007
'• 159 376
2 273
523
453
687
776
MEATS
Total meats (including lard) :
1,742
Production (inspected slaughter)
mil. of l b _ _
1,819
1,999
2,127
Stocks (excluding lard), cold storage, end of month
mil. of l b _ _
693
922
1,038
557
59
59
Exports
do
65
55
Beef and veal:
Production (inspected slaughter)
thous. o f l b - - 801,489
662, 271
734, 974
775, 091
252 306
Stocks cold storage end of month
do
286 299
287 258
214 594
1,153
1 319
Exports
do_
1 365
877
Price, wholesale, beef, fresh, steer carcasses, choice
(^00-700 Ibs ) (New York)
dol. per l b _ _
.545
514
.556
477
Lamb and mutton:
47, 505
56, 616
Production (inspected slaughter)
thous. of l b _ .
61,726
61,371
20 816
17 580
21 912
Stocks cold storage end of month
do
16 002
Pork, including lard, production (inspected
slaugh t er)
thous . o f l b _ . 955, 425 1, 031, 841 1, 335, 205 1,162,504
Pork, excluding lard:
765, 850
984, 200
Production (inspected slaughter)
do
715, 279
841,949
Stocks cold storage, end of month..
do
489,152
319, 643
234. 894
595 546
8,742
7,386
5, 768
8, 605
Exports
-- - do
Prices, wholesale:
.552
.559
.569
.581
Hams, smoked, composite
dol. per l b _ .
.424
.449
.402
.515
Fresh loins, 8-12 Ib. average (New York). do
Lard:
194, 381
256, 269
Production (inspected slaughter)
thous. oflb.. 175, 664
234, 448
136, 610
210, 994
Stocks, dry and cold storage, end of month f_do
111,912
241, 760
46, 638
44, 347
Exports
.__ do
43, 043
50, 867
.133
.113
Price, wholesale, refined (Chicago) __dol. per lb._
.120
.143
.432
392
382
385
387
.426
53, 166
23 670
58,129
19 945
52, 458
17 493
46, 755
14 720
44, 558
13 461
47, 324
10 410
816, 995
874, 686
770, 875
677, 203
712, 978
654, 193
614,699
601,403
604, 813
9,983
650, 145
569, 204
7, 745
570, 190
538 025
5, 210
502, 422
459 755
6,392
533. 230
414 227
6, 768
489, 360
350, 825
6, 694
469,818
265 9^1
5, 865
.595
.464
.602
.479
.592
.523
.619
.567
.650
.576
.683
.597
. 675
.570
157, 799
241,890
45, 881
.125
164,072
239. 009
39, 862
.135
146, 255
225, 936
40, 675
.135
128, 166
200, 621
33, 841
.150
130,863
169,311
28 908
.140
120, 175
109,342
33, 193
.163
105, 809
55, 637
31, 505
. 183
34 125
220, 606
39 046
174, 243
40 934
140 371
44 435
123 485
46 431
117 876
46 075
112 460
46 364
127 340
40
r
994, 342
189 785
451
64, 856
11 339
692, 034
r
427
57, 474
T 10 113
. 432
49.401
9 460
853, 449
531,761
200 597
5, 176
648, 115
178 974
. 623
.513
v . 544
.516
116,615
42, 439
24, 412
.233
149, 478
45, 205
56 985
176 385
69 572
257 544
p .205
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of Ib
Stocks, cold storage, end of month
do. _ _
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
dol. per lb_.
Eggs:
Production farm
millions
Dried egg production
thous of Ib
Stocks, cold storage, end of month:
Shell
thous. of cases
Frozen
thous. of Ib
Price, wholesale, extras, large (Chicago)
dol. per doz-.
81 748
279, 191
74 618
294, 424
70 745
278, 595
38 884
261 072
r
.225
.250
.263
.310
.318
.333
.345
.325
.245
.275
. 255
.255
P. 235
4 371
4 480
5 037
5 441
5 328
1 168
6 298
2 120
6 094
2 131
5 872
2 453
5 051
1 914
4 642
2 088
4 346
1 959
4 206
1 441
4 614
1 144
1,000
95 333
72 462
50 176
34 980
42 419
65 201
816
1 431
132 294
1 513
159 755
1 199
152 835
827
98 978
133 427
r 494
T 109 869
86 752
.631
.560
.489
.454
.443
.495
.497
.486
.517
.531
.587
.624
.613
113, 845
101, 501
102, 603
87, 060
83, 063
81,213
77, 096
63, 522
56, 041
48, 895
»• 63, 932
r 104, 262
110, 496
4,210
.340
13, 272
.318
37, 144
.308
32, 530
.318
24, 705
.300
21, 775
.328
27, 425
.339
28 493
.334
26 164
.346
20 859
.385
13 574
.386
10 587
.403
p. 400
1,456
846
1,450
893
1,453
817
1,269
788
1,160
757
1,374
776
999
526
860
411
1,149
685
860
361
1,286
744
666
531
1, 544
873
1 278
1 470
582
9
1,870
1 122
758
957
393
685
153
442
120
248
375
277
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salesj.. 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 Ib-.
Fish:
Landings, fresh fish, 5 ports
thous. of Ib
Stocks, cold storaee. end of month
do
r
611
1,615
529
1,396
691
2,207
712
1,841
776
1,815
700
2,249
634
2 149
511
1 256
130
813
2 130
628
.540
.535
.538
.540
.553
.618
.573
.553
.560
.593
.615
.615
p .600
49, 126
200. 944
31, 529
210. 658
26, 363
192. 818
20, 492
170. 263
23 689
142. 040
31,514
119.099
34 911
109. 189
47 314
113. 581
75 903
142. 655
75 392
169. 686
60 155
176. 680
45 643
174. 640
1 76. 047
1
Revised.
» Preliminary.
No quotation.
t Revised series.
Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard; data prior to June 1952
will be shown later.
t Revisions for 1952 are shown in the August 1953 SURVEY.
S-30
SURVEY OF CURRENT BUSINESS
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December 1953
1952
October
1953
November
December
January
February
March
April
May
June
July
August
September
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 receipts:
Production.
_
__
short
Entries from off shore
Hawaii and Puerto Rico , .
tons..
' 2, 950
tons
do
do_.
602, 545
387 590
273, 166
2,620
2,170
1,970
2,679
3,801
4,906
4,676
4,364
3,908
3,218
2, 658
3, 078
732, 540
226 961
108, 362
388, 838
194 722
123, 853
69, 484
469 755
149, 498
34,014
398 576
143, 730
37 407
627 988
192 443
59 948
854 355
248' 129
12 283
530 430
235* 756
51 262
628 878
180 490
26 860
607 °26
234 674
37 059
614 98S
182 958
117, 506
563 878
237 561
643 637
461 177
238 494
Deliveries, total __
.
do
' 674, 780 519, 868
For domestic consumption
do
«• 672, 683
518 373
For export _.
_ do
' 2, 097
1,495
Stocks, raw and refined, end of month
thous. of short tons__
1,045
1,518
Exports
short tons
625
12 376
Imports:
Raw sugar, total
do
124 473
120 331
From Cuba
.. __ do
102, 213
96, 836
From Philippine Islands
do
17,875
9 599
596, 070
593, 793
2,277
576, 630
574, 789
1,841
546, 884
545 674
1,210
878 155
876 548
1 607
588 583
587 001
1*582
599 440
597 627
1 813
790 640
779 785
10 885
886 890
885 168
1 722
778 556
777 391
1 165
844 285
842 8^9
1 456
641 490
639 997
1 499
1,602
527
1,587
377
1,513
10 356
1,306
441
1,392
685
1,423
9 095
1,312
14 326
1,103
11 473
966
21 879
851
526
1, 186
158, 151
129, 183
25, 224
270, 596
205, 264
59, 642
260 306
178, 519
81 667
361 182
303, 479
55 438
341 775
274 851
62 664
325 791
222 582
93 039
393 731
221, 650
165 748
339 220
238' 565
91 880
330 805
266' 009
64 421
321 374
201, 899
92 486
7,198
350
37 924
32, 493
28 173
25, 614
46 834
39 549
55 961
48? 433
54 782
46 720
40 271
40, 226
38 937
37 178
47 760
44, 598
27 116
26, 437
064
064
064
498
086
7 506
.500
087
7,766
Refined sugar, total
From Cuba
Prices (New York) :
Raw wholesale
Refined:
Retail
Wholesale
Tea, imports.,
.
_
do.
do._
dol per Ib
_.
dol. per 5 Ib .
dol. per Ib
thous. of lb__
TOBACCO
Leaf:
Production (crop estimate)
_. _ mil. oflb _
Stocks, dealers' and manufacturers', end of quarter, total
mil. oflb
Domestic:
Cigar leaf .
-. do__
Air-cured, fire-cured, flue-cured, and miscellaneous domestic _. ._ _.
mil. oflb
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports, including scrap and stems
thous. of Ib
Imports including scrap and stems
do
Manufactured products:
Production manufactured tobacco total do
Chewing, plug, and twist
do
Smoking. _. __ _ ._ _. ._
do_.
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
Tax-free
millions
Tax-paid
do
Cigars (large) tax-paid§
thousands
Manufactured tobacco and snuff, tax-paid §
thous. oflb..
Exports, cigarettes
_
millions
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination
dol. per thous. _
40 675
35, 160
2 618
0
066
064
060
060
062
064
064
064
064
.495
.086
7,430
.495
086
5,530
.494
085
6,931
!.495
.085
10, 466
.493
.083
7,949
.490
086
10, 590
.495
086
11 141
.495
086
7,943
.495
086
9,215
2
r>
.502
087
10, 364
P
3
2, 255
4,491
4,498
064
503
087
2 046
4,223
* 4, 036
341
391
368
338
3,963
3,922
3,472
3,703
42, 072
9 585
43, 793
8 025
19
168
36, 934
7, 736
30, 746
8,918
22, 900
8 291
19
167
41 , 020
9 085
50, 103
7 961
35, 682
8 787
18
r 178
33, 263
9 578
24 649
7 662
40, 511
9 268
18
163
60, 304
10 475
21 342
7, 936
9,781
3 625
16 123
6 378
6,843
2,903
16 369
6,469
6,662
3, 237
16 683
6,394
6,893
3,396
16 385
6,638
6, 639
3,108
17 947
7 138
7,458
3 352
18 326
6' 935
8.064
3 328
17 806
7 246
7,494
3 066
18 170
7 347
7, 430
3,393
15 999
7 194
6,300
2 504
17 814
6 879
7,569
3 367
18 833
7 239
8, 302
3 281
4,294
37, 372
548 196
3 408
30, 386
528 081
2 859
30, 066
448 045
2,649
32, 498
431,158
2 394
32, 212
542 594
3 856
34,105
469 164
2 703
31,607
477 520
2 658
30, 587
507 629
3 130
33, 304
501 499
3 339
29, 914
463 787
2 770
34, 658
497 670
3 585
33, 598
518 748
20, 791
1,304
15,653
1,244
15, 786
1,626
16, 804
1,306
15, 480
1,348
17,056
1,813
17,887
1,331
17, 488
1,482
17,812
1,119
15, 862
1,321
17, 539
1,158
18, 103
1,535
3.555
3. 555
3. 555
3. 555
3.555
3.938
3.938
3.938
3.938
3.938
3.938
3.938
15.319
150
41
2, 666
2,680
3. 938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins ...
thous. of Ib
Calf and kip skins
thous. of pieces
Cattle hides _
do
Goat and kid skins
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Calfskins, packer, heavy, 9^/15 lbs_. dol. per lb__
Hides, steer, heavy, native, over 531bs
do
13, 761
97
45
2, 796
2,064
8,918
142
21
2, 307
720
14, 147
182
50
3,771
1,195
12, 429
137
20
3, 673
1,392
11,264
72
38
2, 464
1,431
13, 093
217
41
2,870
1,759
18, 407
123
31
3,055
4,466
18, 166
253
21
3, 032
3,826
20, 258
268
47
2, 731
4,629
15,602
187
121
3,168
1,688
13, 646
188
26
2,121
2, 760
.488
.160
.513
.170
.488
.165
.488
.120
.550
.137
.563
.128
.513
.138
.613
.153
.625
.150
.513
.158
.513
.170
827
1,998
3,121
2,520
685
1,815
2,828
2,103
24
53
3,492
23
75
2,825
LEATHER
Production:
857
871
849
994
930
936
Calf and kip
thous. of skins
1 045
846
2,006
2,123
2,020
2,117
1,963
2,102
2,133
2,224
Cattle hide
thous. of hides
2,709
2,802
3,172
2,979
2,922
2,985
2,572
2,937
Goat and kid
thous. of skins
2, 618
2,368
2,319
2,435
2,442
2,244
2,215
2,942
Sheep and lamb
.
do__
Exports:
Sole leather:
82
42
65
24
65
57
23
25
Bends, backs, and sides
thous. o f l b
76
55
33
73
92
13
43
96
O rial, including belting offal
do
2,743
3,959
4,002
2,512
2,818
3,000
2,996
Upper leather
thous. of sq. ft. _
3,125
Prices, wholesale:
.705
.680
.725
.685
.705
.690
.680
Sole, bends, light, f. o. b. tannery
dol. per l b _ _
.690
Upper, chrome calf, B and C grades, f. o. b. tan1.125
1.013
.968
1.000
1.007
.955
.987
.938
nery
dol. per sq. ft._
r
Revised.
v Preliminary.
1
Revised beginning 1953 to represent price for New York and Newark for January-June; thereafter, for New York and northern New
3
Estimate for 1952.
3 November 1 estimate.
§ Revised to represent data based on number of stamps used by manufacturers; revisions prior to May 1952 will be shown later.
r
r
r
.500
.170
790
1, 978
2,354
2, 558
839
1, 893
2, 236
2.409
21
21
2,840
52
63
3,383
.720
.690
.690
.690
1.127
1.082
1.042
1. 042
Jersey.
P . 400
p. 148
? . 670
p 1, 001
SURVEY OF CURRENT BUSINESS
December 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-31
1953
1952
Novem-
October
ber
Decem-
ber
January
Febru-
ary
March
May
April
June
July
August
Septem-
October
LEATHER AND PRODUCTS—Continued
LEATHER
MANUFACTURES
Shoes and slippers:
Production, total
_
thous. of pairs
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs. .
By types of uppers:^
All leather
_ . __ _ do _
Part leather and nonleather
do
By kinds:
Men's
do
Youths' and boys'-.
.
.do
Women's
do
Misses' and children's
do
Infants' and babies'
do
Slippers for housewear.
- .do. _ _
Athletic
do
Other footwear
_ _ do
Exports
do
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide
upper, Goodyear welt
1947-49 = 100
Women's oxfords (nurses'), side upper, Goodyear welt
1947-49 = 100
Women's and misses' pumps, suede split-. do
46, 341
38, 932
42, 033
45, 268
44, 872
48, 723
44, 968
41, 858
40, 824
40, 297
42, 804
39, 902
40, 121
39, 185
32, 659
37, 303
41, 778
40, 967
44, 079
40, 193
36, 979
35, 790
34, 972
36, 539
33, 376
33, 183
35, 057
4 128
29, 080
3 579
32, 750
4 553
36, 278
5 500
35, 336
5 631
37, 520
6 559
33, 898
6 295
31, 986
4 993
31, 745
4 045
31,630
3 342
33, 255
3 284
30, 404
2,972
9, 339
1,709
19, 446
5, 553
3.138
6,442
286
428
433
7,866
1,442
15, 580
4,882
2,889
5, 668
237
368
346
9,010
1, 539
18, 028
5, 585
3,141
4, 161
229
340
305
8, 953
1,558
21.718
6,257
3,292
2, 946
226
318
293
8,745
1, 515
21, 005
6,298
3,404
3,369
238
298
388
9,125
1, 622
22, 945
6,527
3, 860
4, 059
265
320
468
8,979
1, 474
20, 765
5,436
3, 539
4,271
279
225
353
8, 532
1,574
18, 490
5, 139
3 247
4,375
280
224
348
8,136
1,595
18, 161
5,077
2,821
4, 533
258
243
253
7,560
1,637
18, 687
4, 603
2,485
4,790
269
266
313
7, 963
1,696
19, 077
5, 107
2,696
5,697
296
272
421
7,670
1,457
16, 602
4, 883
2, 764
5, 981
283
262
446
8, 006
1,390
15,690
5, 130
2, 967
6,407
273
258
108.5
109.0
110.3
110.3
110.3
110. 3
110.3
110.3
110.3
110.3
110.3
110.3
p 110.3
113.3
112.9
114.5
112.9
117.1
113.4
117.1
113.4
117.1
113. 4
117.1
113.4
117.1
110.7
117. 5
no. 7
118.1
110.7
118.1
110.7
118.1
110.7
118.1
110.7
p 1 18. 1
v 110.7
LUMBER AND MANUFACTURES
LUMBER— A L L 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
Orders, unfilled, end of month
do
Production
do
Shipments
- - .
do
Stocks, gross (mill and concentration yards), end
of month
mil. bd. ft
Exports, total sawmill products
M bd. ft
Sawed timber
.
do
Boards planks scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 and better. 1" x 6" x R. L.
dol. per M bd. ft..
Flooring B and better, F. G., 1" x 4" x S/L
dol. per M b d . 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
54, 245
' 246, 389
40, 949
255, 581
44, 358
241, 379
60 595
243, 479
54, 326
189, 269
62, 158
195, 457
47, 247
238, 076
58, 631
219, 381
53 192
242, 183
53, 765
270, 350
53, 037
253, 021
3 574
695
2,879
3,599
723
2,876
3 074
694
2,380
3,077
711
2,366
2 860
620
2,240
2,882
633
2,249
2 977
660
2,317
3, 043
708
2, 335
2 945
680
2, 265
2, 955
741
2,214
3 288
641
2,647
3, 374
786
2,588
3 521
660
2, 861
3,589
806
2, 783
3 204
545
2, 659
3,311
704
2,607
3 428
622
2.806
3,408
688
2,720
3 337
674
2, 663
3,207
647
2,560
3 437
765
2, 672
3,218
661
2, 557
3 470
790
2, 680
3, 207
627
2,580
3 536
792
2,744
3, 246
650
2,596
8, 331
3, 231
5,100
8,327
3, 214
5,113
8,306
3,201
5, 105
8,221
3, 153
5, 068
8,211
3,092
5,119
8,125
2, 947
5,178
8.090
2,801
5, 289
7,951
2,642
5, 309
7, 739
2,576
5,163
7, 851
2, 604
5,247
8, 068
2,708
5,360
8,314
2,871
5,443
8,587
3.012
5,575
925
756
923
949
892
15, 843
7,462
8,381
774
753
785
111
899
14, 105
4, 156
9,949
823
811
812
764
948
16, 455
4,984
11, 471
910
888
860
829
978
22, 029
6, 693
15, 336
862
921
848
820
1,007
17,815
6, 663
11,152
971
925
986
952
1,021
22, 393
6,800
15, 593
1,032
925
942
978
1,018
30, 276
14,691
15, 585
814
894
885
863
1,008
29 067
16, 245
12, 822
847
838
883
888
1,002
18,058
7, 138
10, 920
811
878
751
759
982
21,390
12, 528
8, 862
693
786
789
776
995
17, 968
7,499
10, 469
779
746
817
806
1, 006
24, 986
12, 993
11,993
826
715
830
848
947
r 75. 187
P 74. 337
52,517
253, 650
86. 576
86. 310
84. 945
84. 665
84. 105
83. 405
82. 845
79. 009
78. 064
77. 252
76. 972
120. 418
122. 051
124. 460
124. 460
125. 105
126. 232
127. 049
126. 396
126. 396
126. 085
126.085
802
376
787
798
677
372
670
681
599
295
708
676
758
320
767
733
692
350
700
662
752
356
767
746
803
383
830
776
739
376
754
746
709
344
767
741
714
306
764
752
673
287
707
692
693
269
707
711
660
237
767
692
1,541
4,300
1,104
3,196
1, 530
6, 163
1,776
4,387
1, 562
11, 517
1, 529
9,988
1,596
9,345
1,327
8,018
1,634
7,379
3,016
4,363
1, 655
5,821
1,621
4,200
1,709
5, 123
1, 139
3 984
1,717
5,262
1,335
3 927
1,743
5,590
1,126
4,464
1,755
7,981
2,619
5 362
1,770
8,549
810
7,739
1, 766
3,952
1, 105
2 847
1,841
' 125. 930 p 25. 149
81. 572
81. 921
82. 113
81. 402
81. 180
80. 675
80. 487
79. 439
78. 748
78. 227
77. 614
r 77. 703
p 76. 537
158. 971
158. 971
158. 971
159. 583
159. 706
159. 360
158. 748
156.604
156. 604
157.829
157. 523
157. 523
p 157. 239
737
657
740
706
1,844
592
614
572
561
1,855
614
628
462
550
1,767
610
670
426
518
1,675
531
657
429
444
1,660
586
643
554
550
1,664
653
665
676
631
1,709
646
650
629
611
1,727
718
679
746
688
1,557
714
400
761
685
1, 633
664
355
782
711
1,704
678
342
767
690
1 781
722
380
759
684
1 856
81.55
81.31
82.65
83.61
83.64
84.07
85 00
85.04
84.92
83.26
81.10
76. 11
f 76. 11
307, 321
306, 791
104, 894
237, 048
241, 589
100, 925
270, 059
272, 669
96, 916
289, 083
290, 689
97, 619
302, 975
301, 638
99, 103
339, 259
338, 115
100, 073
351, 913
344, 257
107, 562
334, 309
335, 972
106, 057
345, 269
341,083
110, 662
281 542
278, 267
113 512
254 756
253, 635
113 871
SOFTWOOD PLYWOOD}
Production
thous. of sq. ft., %" equivalent
Shipments
_
. _ do
•Stocks, end of month
do
HARDWOOD FLOORING
vlaple, beech, and birch:
3,900
3,650
4,525
4,300
4,850
5,075
3,800
Orders, new ...
M bd. ft
5,250
4,150
4,275
3 300
4 400
3 975
9,600
9, 325
9,600
Orders, unfilled, end of month
do
9,650
9,900
10, 350
9,650
10, 050
10, 450
9,800
8,450
9,500
8, 100
4,200
3.200
4, 000
3,900
4,200
3, 875
4 7,50
3,900
Production
.do
4, 150
3,500
3 100
4 100
3 950
4 350
3,800
4 050
4 125
3 350
3 650
3 550
4 250
5 150
Shipments
do
4 050
3 850
3 925
4 300
10. 175
10. 275
10. 550
10. 525
10. 600
10. 100
8. 950
8. 025
7. 650
7. 650
8. 500
10. 000
10. 200
Stocks, mill, end of month
do
r
Revised.
» Preliminary.
cfThe figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further
mall 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
ypes of uppers.
©Revised monthly data for January 1950-July 1952 are available upon request.
^Revisions for 1952 appear in the August 1953 SURVEY.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December 1953
1953
1952
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
August
Septem-
June
July
65, 466
77, 419
77 825
80, 635
52 458
62, 004
62, 965
79, 466
79, 821
52 083
73, 043
60, 034
81,390
83,100
50, 373
74, 238
54, 735
78, 243
79, 537
49,079
73, 874
52, 885
81 474
79, 581
50 971
243, 571
25. 477
241, 726
14, 438
ber
October
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
87, 303
57, 998
91, 034
94, 691
69, 603
63, 707
50, 843
76, 794
74, 393
72, 004
73, 232
56, 093
72, 716
67, 982
76 738
89, 979
66, 898
78, 157
78, 556
76, 339
87, 638
76, 823
72, 283
77, 265
69 323
98, 269
86, 161
79 615
85, 226
62 064
84, 222
86, 584
84, 371
88, 359
55 268
76, 085
50, 082
86 213
84, 572
52 612
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, total
--. ..short tons._
Scrap
do . - Imports, total
-_do
Scrap
do -
448, 197
39, 176
221, 304
5,133
387, 319
19, 790
177, 224
11. 767
440, 042
20, 672
205, 599
8,092
328, 091
12, 147
149, 371
5, 254
283, 903
24, 012
136, 349
10, 846
313, 602
16, 033
181, 185
10, 185
293, 087
17,417
266, 254
11,255
306, 774
17, 699
261, 581
3,138
285, 251
19, 416
269, 806
15,032
251, 365
15, 988
312, 969
22, 083
233, 702
35, 513
272, 106
18, 669
7,007
3,573
3,434
7,033
1,428
5,605
6,676
3,444
3,231
6,936
1,350
5,586
6,820
3,490
3, 330
6,902
1,322
5,580
7,008
3, 579
3,429
6, 632
1,314
5,317
6,499
3.343
3, 156
6,722
1, 295
5,427
7,321
3,724
3, 597
6, 569
1,248
5,321
6,974
3,585
3,390
6,694
1, 295
5,400
7,050
3,572
3,478
6,603
1,343
5,260
6, 665
3, 489
3, 176
6,395
1,344
5,051
6,204
3,295
2,909
6,560
1,451
5,109
r 6, 314
' 3, 386
2. 928
* 6, 893
T
1, 567
' 5, 327
p 6,
p 3,
P 2,
P 7.
p 1,
p 5,
14, 271
15, 588
7.183
9,448
11, 531
5,119
3,260
2,970
5,449
3, 387
2,002
6, 824
3,214
1,909
8,149
4,113
2, 181
10, 031
9,971
10, 486
9,516
14, 287
15, 002
8, 851
15, 368
15, 663
8,556
15,719
16, 534
7,739
15, 473
16, 284
6, 943
15, 143
15. 457
6, 614
13,013
* 8, 038
47, 839
41, 699
6,140
1, 065
9, 295
7, 826
51, 208
44,318
6,890
1,012
427
8,220
45, 172
39, 055
6.116
746
0
8,293
37, 077
31,967
5, 110
681
0
7, 396
29, 949
25, 741
4,207
576
313
8, 257
22, 065
19, 026
3, 039
576
8,404
7,764
21, 572
18,816
2,757
780
13, 597
8, 358
26, 247
23, 198
3,049
966
13, 745
8, 056
32, 070
28. 526
3,544
1,125
14, 497
8,239
38, 829
34, 443
4, 386
1, 148
15, 237
8,150
45, 579
39, 988
5,591
1, 109
13,214
7, 699
51,767
44, 612
7, 1 55
1. 137
90
88
157
141
95
96
95
103
134
127
89
90
1,392
1, 233
689
1,309
1,061
594
1,316
1,142
619
1, 333
1,162
622
1,332
1,136
607
1,376
1,264
675
1,306
1,277
683
1,272
1,186
642
1,246
1.196
648
1,233
1,056
573
1,223
1, 069
589
1, 170
1, 103
612
168, 609
88, 062
52, 922
167, 842
76, 099
46, 708
173, 494
80, 680
50, 485
174, 809
87, 249
53, 272
175, 088
86, 515
51, 963
177, 776
94, 481
57, 025
174, 514
95, 923
57, 757
160, 387
82, 050
48,011
151,016
86, 514
50, 819
137, 251
77,111
45, 413
120, 801
73, 855
45,415
1 14, 523
74, 333
45, 466
6,515
6,510
6,227
6,128
6,510
6, 367
6,564
6,478
5,882
5,832
6,677
6,577
6,231
6,236
6,587
6,546
6,373
6,251
6,516
6,249
6,472
6,353
6, 202
P 6. 024
1, 830
1,897
1, 964
1,852
1,884
1,895
1,876
1,887
1,977
2,298
2,368
P 2, 513
56.31
54.50
55.00
56.31
54. 50
55.00
56.31
54. 50
55.00
i 54. 73
54.50
55.00
54. 73
54. 50
55.00
54.73
54.50
55.00
54.73
54.50
55.00
54.73
54.50
55.00
54.80
54.50
55.00
56.22
56. 00
56.50
56.23
56.00
56.50
56. 10
56. 00
56.50
139, 577
105, 687
22, 925
141,340
107,941
25, 026
134, 679
102, 880
24, 108
Iron and Steel Scrap
Consumption total
thous of short
Hom n scrap
Purchased scrap
- Stocks, consumers', end of month, total
Home scrap
-- Purchased scrap
tons
do - do - dc
do - do
r
043
362
681
035
639
396
Ore
Iron ore:
All districts:
Mine production
_ . _ ..thous. of long tons
Shipments
- do
Stocks at mines end of month
do
Lake Superior district:
Shipments from upper lake ports
do
Consumption by furnaces
do.- Stocks, end of month, total
do
\t furnaces
do
On Tvfike Erie docks
do
Imports
do Manganese ore, imports (manganese content)
thous. of long tons.-
11, 538
8,142
55, 700
47, 420
8,280
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
Shinments 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:
Composited"
dol. per long tonBasic (furnace)
- - do
Foundry, No. 2, f. o. b. Neville Island.. do
6,498
56. 03
p 56. 00
P 56. 50
Steel, Crude and Semimanufactures
Steel castings:
165, 649
164, 665
182, 181
179, 615
175, 675
167, 211
148, 259
161, 733
Shipments total
- short tons . 165, 155
126, 380
125, 984
141, 873
140, 051
137, 592
126, 819
124, 626
122, 166
110,467
For sale total
do.
29, 552
30, 381
34, 035
34, 364
33, 156
25, 972
26, 752
22, 610
22, 287
Railway specialties
do
Steel forgings:
1, 393, 137 1, 398, 863 1, 207, 058 1, 206, 550 1, 199, 151 1, 197, 291 1, 081, 838 1, 239, 057 1, 135, 343
Orders unfilled total
do
185, 323
191, 189
200, 152
196, 441
183, 545
183, 709
155, 630
180, 538
178, 475
Shipments for sale total
do
132, 580
134, 686
140, 510
147, 701
135, 682
112, 622
137, 221
133, 851
Drop and upset
do~_ - 130, 515
52, 743
56, 503
55, 931
52, 451
46, 687
46, 324
48, 027
47, 960
43, 008
Press and open hammer
do
Steel ingots and steel for castings:
9,404
9,997
9, 546
10, 168
8,933
9,691
9,898
9,440
9,808
Production
thous. of short tons.100
97
99
102
99
99
106
106
107
Percent of copacityt
Prices, wholesale:
.0501
.0513
.0498
.0498
.0498
.0498
.0498
.0498
.0498
Composite, finished steel
dol. per lb..
Steel billets, rerolling (producing point)
« 69. 00
2 62. 00
59.00
59.00
59.00
59.00
59.00
59.00
59.00
dol. per short ton..
2
. 0413
3 . 0413
.0420
.0420
.0420
.0420
.0420
.0420
.0420
Structural steel (producing point)
dol. per l b _ _
Steel scrap, heavy melting (Pittsburgh)
39.50
40.50
44.00
44.00
44.00
44.00
44.00
44.00
44.00
dol. per long ton..
1,080,582
155,288
112,848
42, 440
9,276
93
3 974, 153
3
150, 512
3 110,926
3 39, 586
9,406
94
882,
153,
110,
42,
034
173
305
868
8,883
92
9,463
95
.0524
.0524
. 0524
.0524
72. 00
» . 0438
2 72. 00
2
. 0438
2 72. 00
2 . 0438
p 2 72. 00
P 2. 0438
44.50
45.50
40.50
P 36. 50
3,901
1, 975
117
4,013
2,026
94
4, 052
1,950
123
3,748
2,018
84
1
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands. .
Shipments
do
Stocks end of month
._
do
5,396
2,277
36
4,884
1,892
28
4,949
2,046
48
5,174
1,798
62
5,052
1,670
63
4,878
1,981
68
4,804
2,068
90
4,393
2,054
81
4,459
2,086
90
2
r
l
3 Data }leginning . August 195:i represen
eginning IV lay 1953 re present qu otations foi a substitu ted series.
Data 1?
Revised.
*> Preliminary,
See note marked "a"" for this page.
c f i m n t o r J totals
estimated industry totals based on forge shops whose shipments in 1947 accounted for over 90 percent of total shipments; earlier data are estimated tr\t(\lv V>a<3pr? nn f\ rh'fTpr rmf c a m r i l p
^Beginning January 1953, new weighting factors have been introduced and delivered prices eliminated. Quotations comparable with earlier prices may be derived by adding $1.58 (plu
a very small adjustment for any freight-rate increases) to the stated prices.
JFor 1953, percent of capacity is calculated on annual capacity as of January 1, 1953, of 117,547,470 tons of steel; 1952 data are based on capacity as of January 1, 1952, of 108,587,670 tons.
SURVEY OF CURRENT BUSINESS
December 1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-33
1953
1952
October
November
December
January
February
March
April
May
June
July
August
September
October
484, 561
346, 645
137, 916
432, 830
1,226
27, 244
1,282
24, 746
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products—Continued
Cans, metal, shipments (in terms of steel consumed),
total
short tons
Food
do
Nonfood
do
Shipments for sale
do
Commercial closures, production
millions..
Crowns, production
thousand gross
Steel products, net shipments:
Total
thous. of short tons
Bars hot rolled All grades
do
Reinforcing
do
Semimanufactures
do
Pipe and tubes
do
Plates
do
Rails
_
do
Sheets
do
Strip — Cold rolled
do
Hot rolled
do
Tin plate and terneplate
Wire and wire products
do
do
355, 318
240, 136
115, 182
306, 570
1,229
33, 467
245, 036
152, 116
92, 920
208, 128
992
24, 875
256, 739
158,612
98, 127
219,682
1,138
27, 002
269, 597
167, 764
101, 833
227, 068
1,186
26, 616
252, 084
151, 200
100, 884
215, 587
1,138
24, 696
279, 372
161, 854
7,156
6,648
7, 105
7,068
6,533
846
197
377
861
709
156
828
153
350
783
679
145
865
211
395
857
720
153
853
146
358
832
714
166
779
156
335
804
659
148
117,518
238, 914
1,296
27, 627
304, 201
174, 879
129, 322
255, 358
1,338
27, 772
304, 743
177, 976
1, 348
31, 605
360, 564
145, 651
457, 387
1,260
29, 155
7,209
6,950
6,583
6,499
873
159
352
828
698
161
187
214
417
459
449
843
157
329
847
614
162
1,924
190
210
397
441
426
794
166
295
801
587
156
1,957
151
161
414
405
328
750
148
252
778
586
150
1,921
188
195
391
390
378
6,401
723
163
232
833
586
162
1, 864
191
192
393
340
349
105, 464
345, 619
104, 152
427, 849
109, 285
390, 184
110, 545
442, 171
402,310
357, 201
220, 481
136, 720
259, 360
1,307
29, 317
311,009
7,162
838
155
357
880
650
150
2,007
2.003
194
206
414
442
447
1,819
1,714
1,843
1,851
1,695
189
207
412
435
497
166
194
416
388
443
179
196
422
373
454
190
203
418
433
458
167
183
395
373
435
7, 437
894
173
415
902
707
168
1,982
205
210
416
448
471
74, 639
296, 613
83, 419
334, 147
89, 895
294, 415
92, 649
283, 599
104, 460
350, 094
102, 071
355, 895
506,215
446, 772
299, 306
147, 466
407, 362
1,281
30, 752
126,767
NONFERROUS METALS AND PRODUCTS
Aluminum:
77, 312
Production, primary
short tons
364, 395
Imports bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
.0750
dol. p e r l b _ _
Aluminum fabricated products, shipments,
235. 5
total
mil of Ib
51.6
Castings
do
183. 9
Wrought products, total
do
107.6
Plate sheet and strip
do
.402
Brass sheets, wholesale price, mill
dol. per lb__
Copper:
Production:
Mine production, recoverable copper
79, 401
short tons._
Crude (mine or smelter, including custom intake)
short tons _ . 84, 824
105, 770
Refined
.. .
._ _ . _ _ .
do _.
138, 759
Deliveries, refined, domestic
do
59, 760
Stocks, refined, end of month
do
18, 226
Fxports refined and manufactured
do
59, 901
Imports total
do
21,019
T^nrcfined including scrap
do
38, 882
Refined
do
.2420
Price, wholesale, electrolytic (N. Y.) dol per l b _ _
Lend:
Ore (lend content):
33, 523
Mine production
short tons
33, 770
Receipts bv smelters, domestic ore
do
Refined (primary refineries):
51,521
Production
_
do
40, 970
Shipments (domestic)
. .._ do37, 718
Stocks, end of month
do
Price, wholesale, pig, desilverized (N". Y.)
.1440
dol. per l b _ _
Imports, total, except mfrs. (lead content)
59, 392
Tin:
3, 612
Production, pier§
Ion? tons
7, 261
Consumption pig total §
do
4,709
Primary^
do
24, 840
Stocks pig end of month total§
do
14, 266
Government^
do
10, 574
Industrial §
do
Imports:
4,869
Ore (tin content)
do
6,883
Bars blocks, pies, etc
do
1. 2123
Price, wholesale, Straits (N. Y.) . dol. per Ib
Zinc:
53, 346
Mine production of recoverable zinc. _ .short tons__
Slab zinc:
80, 588
Production _
. do
79, 787
Shipments, total
__ _
do
71, 659
Domestic
do
95, 342
Stocks, end of month
_
._
do
Price, wholesale, prime Western (St. Louis)
. 1330
dol. per l b _ _
21, 322
Imports total (/inc content)
short tons
2,939
For smeltinc refining and export
do
For domestic consumption:
6,105
Ore f/ine content)
do
12, 278
Blocks pigs etc
do
109, 333
108, 219
. 0750
.0750
.0750
.0825
. 0995
.0924
.0838
.0936
.1000
.0900
.0900
.0825
212.1
46.5
165. 6
98.2
.402
232.0
53. 3
178.7
103.7
.402
243.6
55.6
187.9
110.7
.402
240.7
54.9
185.7
109.2
.402
273.7
281.0
61.6
219.4
129.2
.429
266.7
261.8
56.8
254.1
51.7
202. 5
123.5
.429
241.4
50.9
190.5
117.9
.429
237. 8
54.0
183.8
111.9
.417
185. 5
113.7
p. 417
' 75, 481
78, 743
86, 748
92, 321
' 108. 974
106, 985
78, 825
114,760
101,886
126,138
110,519
72, 907
18,848
84, 303
17,465
58, 353
48, 938
9, 415
. 2969
48, 466
32, 205
16, 261
. 2961
. 2962
. 2960
59.4
214.3
127.1
.429
57.6
209.1
123.6
.429
205.0
121.3
.429
75, 521
75, 764
77, 594
72, 367
80, 807
79, 621
80, 829
73, 646
76, 461
75, 574
80, 436
100, 075
125, 338
69, 237
13, 016
59, 144
23, 930
35, 214
. 2420
85, 239
113, 965
143, 088
58, 858
16, 257
70, 150
24, 381
45, 769
. 2420
81, 625
108, 010
125, 133
59, 836
8, 079
50, 055
23, 506
26, 549
.2420
83, 653
101, 538
117, 204
60, 944
6, 030
62, 360
33, 204
29, 156
.2497
101, 825
112, 016
133, 462
55, 807
8, 645
52, 397
20, 496
95, 890
' 113, 782
* 142, 382
48, 382
6, 551
93, 197
84, 948
«• 127, 294
139, 300
58, 126
88, 063
>• 122, 036
104, 481
-81,953
7,278
81,341
31,901
. 2929
31,537
. 2990
13, 317
66. 200
48, 201
17, 999
29, 160
30, 537
29, 542
32, 769
30, 660
30, 697
29, 458
30, 388
30.715
32, 660
49, 806
48, 261
35, 686
48, 651
39, 370
43, 560
47, 295
35, 529
52, 760
45, 423
47, 993
42, 242
62, 371
36, XI 1
58, 949
71,110
39, 573
117,929
146, 215
52, 762
8,669
67, 098
32. 132
34, 966
40, 391
40, 950
77,100
.2968
. 2969
31, 137
31, 557
29, 051
28, 793
28, 472
30, 753
26, 444
27, 331)
26, 164
27, 709
r 26, 526
27, 637
26, 740
27. 934
46, 729
39. 487
69, 608
43, 187
48, 914
63, 879
36, 880
44, 140
56, 569
40,210
38, 022
40, 836
58. 103
42, 15 1
4 1 , 598
58, 490
44, 741
44, 987
58, 236
. 1350
35, 652
61,017
.1416
.1413
. 1419
. 1350
. 1340
. 1268
.1275
.1341
. 1368
.1400
.1374
41, 305
85 133
48, 002
42, 144
36, 410
42, 810
43, 612
45, 918
30, 790
41,234
22 031
4, 210
6, 636
4,311
24, 321
13, 659
10, 662
4, 027
6, 965
4, 499
25, 993
13, 265
12, 728
4, 250
7,410
4,809
22, 504
10, 589
11,915
3, 592
7,012
4,441
19, 433
8, 003
11, 430
4, 071
3,968
3,286
7,562
4,985
3,245
7,508
4,989
3. 151
6, 580
4, 329
2, 798
6, 619
13, 592
2.135
11,457
13, 391
1, 935
11, 456
16,932
4,257
2. 962
6, 855
4, 276
23, 400
10, 436
2,177
5, 850
1. 2127
3,277
7, 180
1.2147
3,862
7, 703
1. 2150
4,101
5, 251
2, 017
6. 739
4, 230
5, 495
2,798
.9746
.9295
5,821
. 8163
48, 899
49, 789
78. 563
90, 756
81, 439
83, 149
7,788
5, 162
17,629
7, 680
5, 192
16, 029
5, 206
12, 423
4,402
11,627
4, 573
1, 915
1.2150
6,686
1.2140
7,229
1.0111
54, 035
49, 506
51, 803
51,335
47, 940
46, 413
81. 363
77, 352
71, 175
87, 160
81, 994
80, 679
77, 573
88, 475
76, 899
83, 485
77, 285
72, 388
99, 864
80, 459
86, 043
78, 211
94, 280
82, 422
84, 250
75, 648
92, 452
81,617
67, 729
93, 664
. 1250
23, 235
2,555
. 1250
27, 232
1,532
. 1259
27, 658
.1103
54, 767
911
.1148
27, 475
984
3,859
.1100
51, 609
473
7,027
13, 653
3, 686
22, 014
6,804
19, 943
7,837
18, 654
29, 020
21, 888
26, 601
24, 535
71,710
4, 935
11,997
20, 340
7, 536
12,804
1,214
6, 992
13,030
.8068
1, 910
5, 372
. 8231
. 8085
42, 252
41, 034
r 39, 037
38, 670
80, 825
74, 204
69, 498
103, 906
83, 241
69, 250
65, 450
117, 897
'81,211
76, 784
72, 612
97, 285
84, 031
67, 175
65, 470
561
158,417
.1100
75, 808
338
.1100
102, 632
143
.1100
66, 834
182
.1098
54 950
49
.1018
53, 446
17
.1000
47, 708
27, 762
64, 206
38, 283
41, 600
25, 052
38, 882
42, 169
11, 260
16,019
57, 547
55, 167
r 141,
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers,- radiators and con vectors, cast iron:
Boilers (round and square):
33, 552
11, 522
12. 955
23, 088
14 088
10, 990
9,286
12 831
Shipments
thous of Ib
55, 159
51, 470
54, 618
60, 568
65, 219
73, 761
83, 423
89, 479
Stocks end of month
do
Radiation:
4,962
3,814
2,621
2,634
2,435
1,740
2,590
1 821
Shipments^
thous of sq ft
2 591
3 345
3 336
2 477
3,422
4,199
4,044
3, 859
4,028
4,625
7, 152
5,310
6,745
8,404
7,909
9.085
Stocks, end of monthr?1
do
T
Revised.
v Preliminary.
§Substituted series. Compiled by the U. S. Department of Interior, Bureau of Mines; monthly data beginning January 1951 are available upon request. Government stocks represent
tnose available for industrial use.
cf Data beginning June 1953 are compiled by The Institute of Boiler and Radiator Manufacturers and represent substantially complete coverage of shipments of cast iron radiators and
convectors.
SURVEY OF CURRENT BUSINESS
S-34
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December 1953
1952
October
November
1953
December
January
February
March
April
May
June
July
August
r
r
September
October
METALS AND MANUFACTURES—Continued
1
HEATING APPARATUSd — 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, gas, shipments*
do
20, 957
19, 220
19, 941
26, 768
24, 737
29, 828
29, 873
25, 667
57, 874
119, 401
36, 099
42, 595
72, 884
39, 473
37, 505
53, 272
46, 781
37, 658
49, 026
49, 915
43, 469
45 345
58, 324
38, 986
56, 336
67, 262
48, 960
53, 904
78, 784
53, 657
64 173
86, 387
74 416
86, 635
79 735
81, 190
266, 024
10, 523
242, 348
13, 153
206, 210
8,411
188, 626
9,173
197, 118
8,911
178, 706
9,501
187, 745
8 723
170, 675
8,347
205, 872
8,089
187, 702
10, 081
228, 602
8 125
210, 048
10, 429
238, 851
7 420
220, 939
10, 492
197, 483
5 075
181, 682
10, 726
179. 651
5 435
167, 070
7,146
171, 491
5 796
159,515
6,180
r
669,
182,
310,
176,
871
654
694
523
377, 757
121, 278
175, 446
81, 033
197, 416
36, 401
115,821
45, 194
145, 700
12, 061
57, 487
76, 152
124, 334
11, 735
60 568
52, 031
147, 598
17, 218
78 544
51, 836
137, 623
20, 782
72 366
44, 475
154, 965
25, 503
78 136
51, 326
216, 4«5
27,617
116 059
72 809
297, 809
47 056
153 104
97 649
r
127, 691
59, 849
51, 490
16, 352
192,831
90, 639
45, 722
35, 383
9,534
174, 030
64, 882
33, 896
26, 163
4,823
184, 269
57, 778
31 426
22, 101
4,251
191, 754
55, 368
29 815
21, 662
3,891
196.601
64, 115
32 748
27, 353
4,014
211,404
67, 543
37 260
26, 812
3,471
211,405
70, 814
37 755
28, 297
4,762
185, 873
92, 2°4
49 314
36, 296
6, 684
172, 243
90 953
46 939
38 318
5,696
170, 356
95 6?2
77 821
100 955
67 613
203 752
7 006
187, 515
9,231
228
9
210,
8
771
636
772
363
396, 268
51 841
r 221 532
122 895
478,
67
239
172
894
332
210
352
r
126
59
56
10
171,
181
736
280
165
779
r
109 172
54 014
47, 210
7,948
159, 730
r
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, net:
Electric processing
thous. of dol
Fuel-fired (except for hot rolling steel) - - do
Machine tools:
New orders .
1945-47 = 100
Shipments
do
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol
33,117
16, 625
41,857
12, 223
* 51, 158
T
14, 823
40, 368
16 9^9
335.8
258.1
343. 3
301.0
257.3
396.7
303.0
294.4
446.8
440 8
633 3
317 2
202 9
2,459
1,520
1,241
2,396
1. 634
3,235
1, 655
3,540
1,672
3,996
1,301
3,607
1,796
3,017
1,799
2,609
2,095
2,550
2 241
1,983
1 711
5,454
834
3 003
1 531
1 868
243. 3
357.8
205. 4
342.5
225.2
355. 0
255.8
361.6
282.1
354. 5
327.0
375.9
276.8
372.7
246.4
356.0
273.4
342.2
247.3
267 6
286.9
299.6
223. 7
328 3
P 199 2
P 348 2
5,534
4, 130
6, 575
5,752
6, 521
8,255
7,758
4,629
5,690
5, 533
4 886
1,975
1,571
1,162
1,202
1,245
1,455
2,004
2, 528
2,707
r
r
4 845
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), ship3,112
2,168
ments
thousands
Domestic electrical appliances, sales billed:
77.2
62.3
Refrigerators, indexf
. 1947-49=100
254, 297
Vacuum cleaners, standard type
number _ _ 292, 474
335, 616
298, 641
Washers
_
do
870, 338 1, 037, 864
Radio sets, production§
do
Television sets (incl. combination), production§
780, 486
number- _ 724, 117
Insulating materials and related products:
Insulating materials, sales billed, indexf
161.2
154.8
1947-49= 100. .
Fiber products:
Laminated fiber products, shipments©
8,956
9,110
thous. of doL _
Vulcanized fiber:
3, 658
4,160
Consumption of fiber paper
thous. of l b _ _
Shipments of vulcanized products
1,694
1,463
thous. of doL _
Steel conduit (rigid) and fittings, shipments
20, 213
short tons. . 21, 171
Motors and generators, quarterly:
New orders, indext - .__
1947-49 = 100
Polyphase induction motors, 1-200 hp:1
Now orders
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp: H
New orders
thous of dol
Billings
do
74.8
93.3
106.0
249, 032
255, 886
246, 007
317, 914
282, 453
333, 601
2
1, 498,258 1,093,142 1, 192, 439
2
r
2, 852
2 826
95.7
88.3
107.6
80.5
268, 548
252, 404
197, 506
329, 294
294, 960
313, 005
295, 393
353, 972
1
1,549,203 1, 158, 936 1, 108, 991 n, 163,831
87.0
159,446
233, 191
674, 459
62.0
63.0
188, 536
227, 253
249, 383
349, 342
296, 589
319 066
991 637 '1,216 525 1 052 493
921, 086
719, 234
730, 597
i 810, 112
567, 878
481, 936
i 524, 479
316, 289
603, 760
i 770, 085
176. 3
174.2
176. 5
190.2
189.1
173. 9
174.4
150.0
153.0
153.0
10, 196
10, 427
10, 609
11,072
11, 322
10, 268
10, 299
8,872
8, 505
9,222
9,591
4,198
4, 466
4,360
4,843
4,701
4,452
4,673
4,033
4,197
4,287
4,287
1,671
1,725
1,791
1,895
1,882
1,999
1, 870
1, 645
1,720
1, 653
1,716
25, 780
21, 946
23, 188
26, 058
22, 182
22, 206
24, 605
31, 497
14, 874
15, 575
17, 254
157.8
156.8
186.0
171.0
3fi, 954
36 541
41 127
39 639
46 319
45 863
42 OSS
41 186
8,807
10 152
7, 512
8 858
8 821
10 064
680, 433
7 917
9 521
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
3,405
3,178
4,213
Production
thous. of short tons
Stocks in producers' storage yards, end of month
1,479
1,709
1, 300
thous. of short tons.,
465
166
498
Exports
_
do
Prices:
Retail, composite?
dol. per short ton__
"~i4~68i~ ~~~i4.~68i~ ~~~16.~013
Wholesale, chestnut, f. o. b. car at mine- -do
Bituminous:o"
r 42, 906
' 32, 871 r 41, 195
Production
thous. of short tons
Industrial consumption and retail deliveries, total
r 37, 004
r 41, 345
thous. of short tons.. r 38, 882
r
r 34, 049
«• 31,r 948
Industrial consumption, total.
_
do
31, 946
r
540
676
r 471
Beehive coke ovens .do
r
' 8, 481 r 8, 934
8, 677
Oven-coke plants
do
r
725
781
699
Cement mills
_ _
do
* 10,414
' 9, 602 r 9, 623
Electric-power utilities
do
3,046
3,031
3,128
Railways (class I)
do
653
698
623
Steel and rolling mills _ _ _
do
8,895
9,500
8,746
Other industrial
do
5,056
6,936
7,296
Retail deliveries
-do
T
2,626
2,365
2,284
1,987
2,783
2,886
2,475
2,378
' 2, 650
2,904
1,674
180
1, 623
149
1, 635
140
1,611
91
1,608
271
1,654
323
1,726
220
1,759
254
1,786
324
1,870
26. 97
16. 013
26. 97
16.013
26. 97
16. 013
26. 95
14. 619
25. 53
14. 619
25. 53
14. 944
26.16
15.319
26.16
15. 550
26. 19
15. 756
26.23
p 15. 507
39, 445
34, 265
36, 250
37, 025
37,255
38, 800
35, 045
41, 424
33, 428
759
8. 923
764
10, 170
2,833
679
9, 300
7,996
37, 006
30, 113
712
8,067
687
8,877
2,448
617
8,705
6,893
37, 596
31, 840
840
8,956
709
9, 123
2,560
625
9,027
5,756
34, 368
30, 051
792
8, 583
664
8, 618
2,413
559
8,422
4,317
31, 954
29, 230
847
8, 993
692
8,293
2,334
474
7,597
2,724
31, 545
28, 704
767
8,725
668
8,758
2,168
454
7,164
2.841
32. 491
29, 289
656
9,035
686
9,287
2,191
449
6,985
3, 202
r
r
40, 398
-41,095
40, 670
33, 497
29, 478
649
8,946
682
9,390
2,227
424
7,160
4,019
r 34, 293
T
28, 968
581
r
8, 552
668
9,409
2,134
421
7,203
5.325
36, 663
30, 955
595
8,711
702
9,917
2,239
469
8, 262
5. 708
l
2
Revised.
* Preliminary.
Represents 5 weeks' production.
Represents 6 weeks' production,
(^Revisions for January-July 1952 for heating apparatus and January-September 1952 for bituminous coal will be shown later.
*New series. Compiled by the Gas Appliance Manufacturers' Association beginning June 1953 and by the U. S. Department of Commerce, Bureau of the Census, for earlier months; data
represent total shipments of gas water heaters based on reports from manufacturers representing 98 percent of the total industry. Monthly data prior to August 1952 will be shown later.
t Re vised series, reflecting use of new base period; data prior to August 1952 will be shown later.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, and September 1953 cover £
weeks; December 1952, 6 weeks; other months, 4 weeks.
©Data for 1952 cover 14 companies; beginning January 1953, 17 companies.
If Data beginning 3d quarter 1953 for polyphase induction motors cover 33 companies, for direct current, 27 companies; earlier data shown cover 34 and 28 companies, respectively.
9 Revised to represent weighted average price of anthracite stove based on quotations in 6 cities as follows: Baltimore, Boston, Laconia (N. H.), Madison (Wis.), Middletowa (Conn.),
and New York.
SUEVEY OF CUEKENT BUSINESS
December 1953
S-35
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October
November
December
January |
F
£ru-
March
April
May
June
July
August
September
October
PETROLEUM, COAL, AND PRODUCTS—Continued
COA L— Continued
B itum inous — C ontinued
Consumption on vessels (bunker fuel)
thous. of short tons..
Stocks, industrial and retail dealers', end of
month, total
thous. of short tons
Industrial, total .
Oven-coke plants
Cement mills ...
Electric-power utilities. _ _
Railways (class I) _.
_
Steel and rolling mills _
Other industrial
_
Retail dealers.
do
do
do
do
do._
do
. do
_
77
76
38
11
9
9
73
79
73
72
73
66
77, 951
75, 970
76, 745
73 346
71, 385
70 235
70, 531
72 912
76 026
74, 752
77, 997
'81,005
82,600
76, 369
14, 437
1,624
36, 393
3,041
1,156
19, 718
74, 212
13, 637
1,607
36, 195
2,897
1,085
18, 791
75, 036
14, 430
1,540
35, 891
3,032
1,089
19, 054
71, 857
13 400
1,362
34, 771
2,973
70, 110
13, 381
1, 245
33, 906
2,892
69, 187
13, 276
1,106
33, 926
2,764
69, 473
13, 408
1,057
34, 649
2,571
71, 660
13, 897
1,106
35, 880
2,571
74, 475
14, 545
1,226
36, 955
2,774
73, 153
13, 221
1,197
37, 767
2,576
76, 387
14, 698
1,341
38, 758
2, 533
' 79, 372
'15,910
1,454
39, 713
2,639
943
940
922
935
961
918
919
956
17, 743
17,175
16, 866
17, 271
18, 014
17, 474
18, 138
18, 700
1,710
1,582
1,758
1,709
1,489
1,275
1,048
1,058
1,252
1,551
1,599
1,610
1,633
3,010
2,981
2,330
2,207
1,584
1,575
3,150
3,437
3,516
3,441
3,830
3,317
15.03
15.03
15.04
14. 95
14.75
14.71
14.81
' 14. 84
6.016
6.951
6.028
7.020
6.032
7.064
5. 931
7.076
5.923
7.058
5.857
6.853
5.831
6.446
5.810
6.428
5.796
6.491
5.796
6.572
5.698
6. 665
'432
6, 291
r477
'456
5 681
'537
6 299
'508
6,032
'538
6 282
'497
6 127
410
414
6 284
6 340
6,311
311
329
337
324
334
341
370
350
374
384
377
2,541
1,957
583
87
41
2,445
1,920
2,177
1,736
2,075
1 672
1,995
1 641
1,973
1 581
2,009
1 541
2,135
1 606
2,129
1 572
2 221
1 529
2, 376
1 598
524
96
62
441
103
54
402
111
51
354
130
43
392
140
39
467
154
52
529
190
53
557
155
53
692
141
39
778
154
48
2,475
1 624
'850
14. 75
14.75
14.75
14.75
14.75
14. 75
14.75
14.75
14.75
14.75
14.75
14.75
1,790
202, 044
96
213, 358
1.773
194, 611
1,690
205, 645
1 957
203 214
1 828
183, 736
1 807
202, 458
2 059
193, 389
2 378
198 086
1 973
197, 837
2 468
204 701
2 128
204 059
98
97
94
211,456
94
91
93
94
94
95
2 290
196 717
96
215, 504
218 288
195, 133
217, 073
203, 425
217 074
212, 433
220 197
222. 048
210 686
269, 776
66, 084
185, 900
17, 792
267, 852
63, 777
185, 625
18, 450
271, 928
66, 275
187, 852
17, 801
272, 250
65, 902
188, 480
17, 868
273, 589
66, 451
189, 163
17, 975
275, 665
69, 077
188, 897
17,691
280, 487
71, 181
191, 494
17,812
280 308
71,011
191, 556
17, 741
283, 715
73, 527
191,879
18, 309
284 976
74, 269
192,450
18, 257
285 352
73, 982
192, 366
19, 004
289 614
73 991
197, 175
18 448
1,526
20, 135
2. 570
1, 805
16, 823
2.570
2 960
20, 141
2. 570
2 211
18 507
2.570
2 Oil
16, 292
2. 570
2 171
20, 221
2.570
2 833
18, 516
2.570
1 611
20 729
2.570
1 824
21 559
2.820
1 232
19 175
2.820
l 321
19 125
2.820
1 109
21 876
2.820
45, 310
38, 984
46, 768
40, 351
47, 379
40, 515
42 153
35, 704
46, 157
38, 931
42, 730
36, 572
43 393
37, 120
43 860
37, 151
44 682
37 942
44 539
37 894
43 433
36 098
47, 176
48, 304
60 535
60 109
63 778
57 557
52 552
48 531
50 773
52 769
38 533
47 192
28 574
44 729
30 389
43 045
25 140
41 '330
26 435
41 362
34 597
42 697
7,772
2,622
6,354
8 598
2,516
6 782
7 702
2,055
7 403
6 809
1,831
5 924
8 083
1,884
6 774
7,152
1,757
7 075
6 087
1 735
7 090
6 116
1 938
6 747
6 347
2 008
6 720
6 552
l'811
6 531
6 155
1 671
6 746
116,096
53, 069
99 582
48, 706
80 655
45 910
67 167
44 178
59 802
41 600
61 349
39 572
73 706
41 795
84 504
43 801
102 394
47 966
110 542
50 007
126 709
50 516
2,949
1,271
2,546
1 292
2, 135
1 367
3,673
1 339
3, 091
1 724
2,942
1 972
2 592
1 591
2,715
1 646
2 143
1 400
1 460
1 728
1 985
1 659
.098
.900
.098
.900
.098
. 900
.098
.850
.098
.850
.098
.850
.093
.850
.093
.950
.093
1.050
.093
1.100
.093
1.100
11, 792
12 455
32, 199
13 061
17 829
26 842
11 313
13 884
20, 468
11 135
12 092
18, 697
10 825
8 256
20 335
10 132
5 603
24 307
9 795
5 467
27 659
9 945
5 982
31 143
9 940
4 945
35 711
9 897
7 802
37' 280
do
Exports
_
doPrices:
Retail, composite f
. dol. per short ton
Wholesale:
Mine run, f. o. b. car at mine. _ . . do
Prepared sizes, f. o. b. car at mine
do
COKE
Production:
Beehive.
thous. of short tons..
Oven (byproduct)
do
Petroleum coke
do ._
Stocks, end of month:
Byproduct plants, total
do. ..
At furnace plants
do
At merchant plants .
do
Petroleum cokedo
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton..
983
18, 368
80, 890
16, 490
1,505
40, 468
2,605
1,028
18, 794
a r
"302
6, 137
314
T
'345
5, 987
r
14 99
5. 698
' 6. 721
» 5. 725
f 6. 788
'373
' 6 033
6,181
379
2,513
1 630
883
157
39
15.07
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:
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:
45, 183
Distillate fuel oil
. thous. of bbl
Residual fuel oil
do...
37, 321
Domestic demand:
39, 347
Distillate fuel oil
do
50, 395
Residual fuel oil
.
.
do
Consumption by type of consumer:
Electric-power plants
.
. do
7,160
2,827
Railways (class I) - ._
... do _
6,975
Vessels (bunker oil)
do
.Stocks, end of month:
120, 721
Distillate fuel oil
do
Residual fuel oil
do _ .
53, 052
Exports:
2,840
Distillate fuel o i l _ . . _
... d o . .
1,373
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol. per gaL.
.098
.900
Residual (Okla., No. 6 fuel)
dol. per bbL.
Kerosene:
Production
thous. of bbl
10, 919
12 230
Domestic demand
do
Stocks, end of month
__ __ .
do
33, 289
358
Exports
do
Price, wholesale, bulk lots (New York Harbor)
.108
dol. per gal. Lubricants:
4,940
Production ..
thous. of bbl
3,711
Domestic demand
do
Stocks, refinery, end of month
do-._
9,869
1,054
Exports
do
Price, wholesale, bright stock (midcontinent,
.260
f. o. b. Tulsa)
dol. per eal_.
1
1
13 434
17 066
23 487
93
358
372
325
429
728
857
500
904
404
384
.108
.108
.108
.108
.108
.103
.103
.103
.103
.103
4,507
2, 800
10, 561
4,416
2 993
11,021
4,210
3 032
11 250
3,596
2 931
11,224
4 271
3 625
10 801
919
4 572
3 444
10 873
1 012
321
905
879
105
4 627
3 646
9 684
i 084
.205
.225
.205
205
938
908
890
628
4,321
3 229
11, 134
1 127
.250
.220
.220
.210
.210
4
3
10
1
293
470
611
020
.195
4
3
9
1
p. 108
924
p
l
'Revised.
Preliminary.
New basis. Comparable data for December 1952 (thousand barrels): Distillate fuel, 98,895; kerosene, 27,529.
« Revisions for January-September 1952 (units as above) are as follows: Beehive—625; 574; 563; 414; 400; 113; 59; 221; 354; oven—6,187; 5,788; 6,221; 5,390; 5,556; 2,369; 2,311;
.,808; 5,805.
f Revised series. Data represent weighted averages based on quotations in 26 cities for all sizes of bituminous coal.
v . 098
p 1. 201
4 562
3 563
9' 700
.205
6 778
439
.108
p 2. 820
P - 205
SURVEY OF CURRENT BUSINESS
S-36
December 1053
1953
1952
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
August
July
Septem-
October
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products— Continued
Motor fuel:
Gasoline (including aviation) :
Production total §
thous of bbl
Gasoline and naphtha from crude oil§
thous of bbl
Natural gasoline used at refineries
do- Natural gasoline sold to jobbers $
do
Domestic demand.- ._ _. _ _ _ .
do
Stocks, end of month:
Finished gasoline
_. do_.
At refineries
do
Unfinished gasoline
_.
_
do _ - _
Natural gasoline and allied products- _do
Exports
-- -- -- - _
doPricos, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol. per gal-Wholesale, regular grade (N. Y.)
_do
Retail, service stations, 50 cities.-_ doAviation gasoline:
Production total
thous. of bbl
100-octane and above
do
Stocks, total
do
100-octane and above
do
Asphalt:©
Production
do_.Stocks refinery, end of month
do
Wax:
Production
__
_ _ thous. of Ib
Stocks, refinery, end of month _. __
do
Asphalt products, shipments:
Asphalt roofing, total
thous. of squares. Roll roofing and cap sheet:
Smooth-surfaced
do
Mineral-surfaced
_ . do
Shingles all types
do
Asphalt sidings
do
Saturated felts
short tons
105 907
104 772
107, 581
107, 413
96 796
105 897
101 389
107 243
106 943
114 123
114 321
107, 729
93, 563
9, 759
2, 585
103, 689
92, 720
9 317
2,735
91, 326
95, 097
9, 451
3, 033
95,817
95, 609
9,292
2, 512
89, 634
86, 221
8,378
2, 197
86, 458
93. 963
8,930
3,004
98, 158
90, 359
8,088
2,942
102, 044
96, 091
8, 255
2,897
105, 918
95, 051
8,948
2,944
114, 703
101,563
9,511
3.049
112, 960
101,833
9, 502
2, 986
109, 124
95, 644
9,991
2,094
106, 158
111,770
58, 180
8,292
8,890
2,396
121,645
63, 809
7, 864
8, 584
3,447
127, 792
70, 581
8, 236
7,807
3,970
141, 746
79, 746
8,772
7, 575
2,652
149, 069
87, 232
8,804
7,748
2,349
153,315
89,513
9,416
8,268
2, 513
148, 924
84, 695
9,108
8,849
3,239
147,371
82, 322
9,044
10, 359
2,185
137. 863
78, 429
8,333
11,054
2,018
135, 724
75, 545
8,192
11, 253
r 2, 742
137,972
77, 262
8, 078
11, 959
2,509
136,192
76, 698
7,992
12, 636
2,647
.104
.129
.202
.104
.129
.201
.104
.129
.203
.104
.129
.203
.104
.129
.206
.104
.129
.208
.104
.129
.20<3
.104
.129
.206
.104
.129
.221
.114
.142
.222
.114
.142
.220
.114
.142
.220
7,442
6 458
8, 658
4,827
7, 342
5, 973
8, 594
4,611
7, 476
6, 050
9,283
4,851
6, 967
5,992
9,673
5, 241
6,597
5,815
9, 425
4, 887
7,341
5, 942
9,882
5,168
7, 263
6, 065
9, 60i
4,910
7,907
6, 748
9, 828
5, 348
7,811
6, 830
9,163
4,900
7,793
6,568
9,516
5,253
8,153
7 013
9,941
5,700
7,894
6 655
10, 099
5, 640
7,739
3, 797
5, 493
5,007
4,118
6, 321
3, 890
7, 525
3,921
8,687
4,689
9,732
5, 330
10,473
6,451
10, 834
7, 680
9, 586
8, 243
8,429
8, 366
7 094
7,689
5 709
113,120
158, 480
106. 680
156, 520
113,400
161,000
105, 840
1 60, 440
99, 680
150, 360
121,800
148, 400
118,720
140, 840
1 22, 920
142, 800
123, 480
141,680
111,440
140, 840
111, 160
146, 720
117 600
142, 800
6,765
4,241
2,918
3,111
2,966
3,800
5, 161
5,390
5,192
5, 505
6,327
5, 855
5,726
1,438
1,661
3 666
230
67, 533
943
1,033
2 265
170
52, 472
670
773
1,475
123
40, 598
721
767
1,623
131
46, 292
669
695
1,602
114
43, 423
817
886
2,097
105
50, 646
1,062
1,078
3,022
120
64, 339
1.029
1,197
3. 164
109
62, 520
1,018
1,108
3, 066
98
57, 264
1, 210
1,147
3, 148
119
59, 738
1 413
1 , 346
3 568
144
71 876
1 265
1 338
3 252
154
63 185
1 246
1 359
3 121
182
67 390
2,697
2 470
5 433
2, 494
2 306
5 6^8
2. 541
2 549
5 618
7.32, 704
748 809
424 945
772 649
754 2 i)9
442 913
r
1.434
()\ ' 7d
77 VW)
LV} ! H )
1,573
51 71 0
SoS. 864
9i)4 71Q
3S 4$ 5
202, 922
%' 853
p. 114
p. 142
.218
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128cu.ft.)-Oonsumption
do
Stocks end of month
do
Waste paper:
Receipts
-short tons
Consumption
do
Stocks end of month
do
2, 255
2, 351
5 91 7
2, 150
2,224
5 843
2 247
2. 131
5 929
2,432
2.367
6, 006
2,283
2, 148
6, 132
2,260
2, 405
5 989
1.987
2, 375
5 598
1,875
2, 406
5 063
2,259
2, 370
4 947
2, 436
2 176
5 205
780. 664
775, 224
510 317
685, 279
704, 127
492 249
69P. 981
666, 765
521 737
687. 220
708, 058
509, 058
647, 080
682, 469
476, 575
742,150
741,071
474, 106
762 156
750, 702
484 184
723 385
732, 924
473 084
718, 942
734, 350
456 525
656, 745
633, 3:0
480 fv,9
1 , 461
65 441
761 , 522
205, 110
36 628
204,312
94, 631
1, 394
59 762
739, 059
190,129
35 173
189, 874
91 , 463
1, 346
49 548
700, 304
186 072
36 004
195, 395
89 521
1 , 483
58, 871
784, 840
205, 504
36, 875
210,319
93, 629
1 , 356
49, 214
71 5, 468
186, 191
34, 782
192, 325
88, 308
1,512
56 401
810,905
203. 364
37 084
206,012
89, 186
1,467
51 686
783, 586
200, 232
33 717
201,951
99, 431
1,518
57 914
812. 940
201,416
35 828
209, 324
99, 650
1,483
63 469
800, 485
188,431
35 639
199,893
98, 260
1, 352
45 587
72-1,651
168, 730
31 3"5
190,159
97 351
1.540
6,*> 1» 13
84 K 34 7
149, 404
42, 786
31 489
2,282
22, 563
154, 700
43, 809
32, 51 3
2,641
22, 394
154,327
47, 1 59
29, 111
2, 403
25,115
164.777
46, 920
35, 1 75
1,861
28, 094
158,036
39, 166
32, 592
1, 936
31, 683
165,367
42, 1 86
36, 738
2,190
33, 052
164,671
41,427
40, 609
1.711
34, 740
173,013
41,965
42 354
1,348
37, 271
175.179
36, 343
42, 988
1, 497
35, 187
154,215
3f>. 725
38 319
1 , 582
32, 525
ir>3. 100
42.459
37 636
1 874
31,204
r 153, SSI)
11,560
1 70, 340
25, 272
63 100
55, 403
2,257
23, 593
11,712
200, 853
23. 787
73 992
72, 840
2,298
27,107
12,031
223, 596
20, 672
85 810
91,096
2,623
22, 731
1 3, 489
191,287
19, 387
81, 119
66, 125
2, 560
21, 302
6.228
170,648
16,415
72, 752
58, 599
2,427
19, 664
10, 449
167,154
20, 359
69, 852
55, 693
3,205
17,278
1 2, 646
175, 608
21, 523
71,088
62, 430
3,030
16, 694
8,672
191, 660
20, 354
83 397
61,564
2,429
23, 462
11,885
198, 103
23, 614
84 371
61, 293
2,604
25, 572
13,285
164,819
23 848
64 004
52 050
2,499
21 853
9, 236
ISO 9'S
22 303
79 701
62 304
2, 594
19 380
11.712
170 47.3
22 911
68 156
60 714
2,279
1,080
1,075
124
2,104
992
997
115
2,023
977
936
109
2,205
1, 053
1,032
119
2,066
987
967
112
2,281
1,077
1,076
128
2,265
1,084
1, 056
125
2,263
1, 085
1,052
126
2, 263
1,067
1,071
125
2,042
981
941
120
r
r
705, 640
•r 743 467
441 216
r
r
r
r
WOOD PULP
Production:
Total, all grades
thous. of shoit tons..
Dissolving and special alpha
short tons
Sulphate (paper grades)
do
Sulphite (paper grades)
- do
Soda
do
Ground wood
do
Defibrated exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
short tons.Sulphate (paper grades)
do
Sulphite (paper grades)
do
Soda
-- -- do
Groundwood
do
Exports, all grades, total
do
Imports, all grades, total _
_
do.- _
Dissolving and special alpha
_
_
do
Sulphate
do
Sulphite (paper grades)
do_Soda
-- - -- - -- --- --do. _
Groundwood
do_-
r
192 :>:>»>
37 51 1
205, 005
9? 031
r
isr>. d"3
r S(i (i'P
r
40. t',15
2S °')6
2 (177
'27, 5 "5
145.679
43, 100
28 028
3 208
2", 849
3. 259
23 417
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
thous. of short
Paper (incl. building paper)
Paperboard
Buildine board
r
tons..
do
do
do
Revised. » Preliminary.
§Comparable data for January-July 1952 are available upon request.
GPrior to the October 1953 SURVEY, data were shown in short tons (5.5 bbl. per ton).
r
2, 298
r 1, 082
r
1, 100
117
r
2, 225
'1,065
1, 053
107
r
2,409
1,158
1 135
116
SUEVEY OF CUKEENT BUSINESS
December 1953
1952
Unless otherwise stated, statistics through
1953
Statistical Supplement to the Survey
S-37
October
Novem-
ber
15>53
Decem-
ber
January
Febru-
ary
March
April
May
June
August
July
Septem-
ber
October
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) :
Orders, new
_ . ___
.. .. short tons _
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Fine paper:
Orders, new
do
Orders, unfilled, end of month
-do- ..
Production
do
Shipments .
do- ..
Stocks, end of month
do
Printing paper:
Orders, new
do
Orders unfilled end of month
do
Production
do
Shipments
__
_ . . . . _ _. d o -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:
Consumption by publishers
do
Production
..
do
Shipments from mills
do _ .
Stocks, end of month:
A.t 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
1947-49 = 100
Shipments
do
390, 965
807, 502
850, 605
858, 541
421, 514
759, 399
765, 444
798, 316
800, 447
420, 669
824, 431
793, 397
800, 190
796, 778
424, 307
886, 474
817, 728
874, 859
862, 142
437, 021
811, 295
820, 807
809, 914
803, 669
439, 583
922, 907
866, 131
882, 601
877, 582
444, 322
856, 801
853, 842
881, 403
869, Oil
456, 707
856, 552
837, 262
872, 696
873, 123
456, 255
857, 394
841, 175
852, 103
853, 480
490, 105
r 852, 229
r 898, 245
785, 661
r 795, 157
r 480, 613
r
r
r
r
r
865, 554
896, 060
868, 688
867, 729
481, 848
872, 000
914, 795
852, 000
852, 000
480, 840
902, 000
890, 820
923, 000
921,000
488, 860
105, 800
44,011
111, 288
108, 990
102, 407
92, 300
38, 408
98, 393
96, 903
103, 897
92, 205
37, 023
95, 799
93, 590
106, 106
104, 433
41, 996
104, 212
99, 460
110, 858
100, 915
42, 247
99, 778
96, 998
109, 930
114, 747
48, 125
108, 326
108, 867
109, 109
111, 120
49, 915
111,896
109, 255
111, 740
103, 939
44, 030
112,343
109,820
114,265
106, 914
44, 180
108, 556
106, 764
116, 057
r 110, 098
*• 105, 000
r 57, 580
108, 168
»• 107, 993
••114,379
98, 000
54, 500
103, 000
101, 000
116, 000
110, 000
43, 000
119,000
119,000
117,000
313, 784
486, 189
293, 743
292, 235
143, 328
248, 823
458, 860
277, 372
276, 152
144, 548
315, 082
486, 018
284, 647
287, 924
141, 271
305, 091
491, 465
305, 873
299, 644
147, 500
285, 911
495, 190
282, 239
281, 305
148, 463
339, 405
528, 013
307, 094
306, 583
148, 974
294, 237
518,375
305, 703
303, 514
151, 165
297, 385
515, 610
302, 870
300, 510
153, 525
308, 394 310, 681 r 285, 175
524, 410 ' 552, 480 r 536, 513
298,215
280, 905 ' 308, 446
299, 593 •• 282, 611 r 301, 142
150, 094 r 157, 398
151, 800
300, 000
550, 000
287, 000
286, 000
158, 000
314,000
545, 450
324,000
318,000
165, 700
r 60, 575
91, 846
r 93, 699
r
114, 204
13.55
13.55
13.55
13.55
13.55
13.55
13.55
13.55
13.72
13.80
13.80
13.80
v 13. 80
294, 513
184, 550
272, 503
280, 050
124, 480
263, 053
173, 218
267, 705
274, 385
119, 232
259, 890
175, 106
259, 194
258, 302
120, 260
291, 690
180, 285
289, 853
286, 510
123, 600
264, 708
178,315
266, 787
266, 678
123, 705
296, 149
182, 329
293, 058
292, 135
124, 628
278, 359
173, 820
287, 262
286, 865
125, 025
290, 418
168, 430
292, 593
295, 808
121,810
272, 040
164,575
279, 036
275, 893
124, 950
270, 964
178, 095
256, 249
257, 445
123, 757
r 308, 039
r 198, 350
f 286, 756
r 287, 776
* 122, 730
300, 000
205, 000
295, 000
293, 000
124, 500
301,000
200, 500
303, 000
306, 000
122,000
502, 791
486, 159
157, 751
463, 435
498. 987
122, 199
463, 377
463, 064
122, 512
473, 640
467, 627
128, 525
439, 167
408, 610
159, 082
484, 276
441, 512
201, 846
480, 316
498, 889
183, 273
480, 239
467, 656
195, 856
463, 193
486, 389
172, 660
491, 254
494, 212
169, 702
484, 507
498, 506
155, 703
467, 431
482, 598
140, 536
510, 772
506, 544
144, 764
425, 981
97, 144
97, 789
416, 974
89, 842
90, 429
386, 627
86, 659
83, 007
351, 775
93, 789
93, 908
346, 035
82, 892
83, 208
420, 956
91,911
94, 505
408, 874
88, 194
89, 004
429, 562
92, 405
91, 168
381, 186
90, 727
89, 640
340, 044
88, 121
90, 755
359,133
90, 824
92, 295
385, 386
85, 966
85, 824
429, 509
97, 112
96, 288
8, 661
561, 016
69, 364
432, 597
8,074
527, 525
97, 206
410,430
11, 726
530, 651
81, 258
452, 263
11, 607
556, 022
89, 767
391,816
11, 291
555, 508
93, 225
377, 700
8,697
518, 985
85, 618
422, 878
7,887
515, 063
91, 272
436, 024
9,124
483, 059
69, 684
405, 424
10, 211
484, 762
76, 270
428, 210
7,577
514, 320
81,719
404, 365
6,106
539, 622
91,010
436, 879
6,248
548, 537
77,414
402, 053
7, 072
514,419
80, 803
125. 25
125. 25
125. 25
125. 25
125. 25
125. 25
125. 25
125. 25
125. 25
125. 75
125. 75
125. 75
125. 75
1, 076, 300 1, 020, 500 1, 077, 600
453, 000
457, 400
478, 400
1, 142, 200 1, 004, 900 1, 029, 100
96
96
85
971, 800
455, 100
985, 500
91
968, 700 1, 156, 300 1, 101, 800 1, 040, 100 1, 152, 100
539, 000
567, 500
437, 300
459, 800
567, 000
973, 800 1, 072, 900 1, 071, 200 1,073,400 1, 092, 000
95
95
95
96
93
973, 300 1,105,200 1, 139, 300 1, 078. 600
522, 500
467, 400
590, 800
423, 700
939, 700 1,122,400 1, 069, 600 1,170,700
98
81
94
97
7,518
6,828
6, 771
6,363
6, 398
7,292
7,059
6,806
7,012
6,459
7,041
7,198
7,457
174.1
170. 8
146.8
141.6
147.4
147.4
160. 7
148. 0
154.9
138.4
183.1
158.6
169.4
153. 4
162.5
152.7
174.6
155.6
162.6
143.9
176.9
158.4
160. 5
169.2
172.7
177.7
1,118
930
188
1,263
1,034
229
893
709
184
814
629
185
1,031
811
220
1,031
805
226
852
701
151
1,359
1,069
290
993
815
178
736
568
168
1,014
800
214
844
738
106
1,323
1,132
191
46 889
113, 532
56, 126
48 224
112, 959
61, 423
43 929
118 825
54, 661
43 739
119 332
44, 156
r
45 925
121 618
58, 625
46 48()
113 888
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 l b - _
Chemical (synthetic):
Production
__
long tonsConsumption
do
Stocks, end of month- _ .__
do_ _.
Exports
_
-_
do
Reclaimed rubber:
Production
do
Consumption
do
Stocks, end of month
_
do
45, 110
82, 861
55, 599
41, 749
86, 243
48, 776
44 790
95, 260
78, 090
47, 766
97, 730
63, 921
45, 231
94, 151
48, 455
50 707
98, 627
56, 785
49 375
108, 892
60, 578
.270
.290
.300
.295
.272
.260
.244
.250
.245
62, 553
73, 963
133, 042
1, 525
60, 540
66, 240
123, 745
1,148
65, 740
71, 635
118, 987
1,323
69, 482
72, 810
117, 875
1,487
66, 970
68, 888
114, 099
1,264
81, 408
77 903
116,089
1,713
82, 952
77 221
122, 041
1,500
85 302
72 234
132, 109
2 299
80 227
71 751
143 789
1 781
27, 405
26, 830
31, 463
22, 684
22, 896
30, 176
25 606
24, 300
30, 664
26 784
25, 356
31, 244
24 373
24, 098
30, 631
27 699
27, 334
30 280
28 714
26, 483
31 263
26 839
25 213
31 763
26 315
24' 637
32 791
23 001
23 414
31 506
8 635
7 888
3,200
4 574
114
10, 821
95
7 361
5,820
2,665
3,069
86
12, 272
85
7 920
6 214
2.916
3 161
137
14 110
95
8 238
7 882
3, 004
4 794
84
14 118
86
8 236
7 243
3,263
3 895
85
15 295
121
9 407
8 256
3,570
4 598
87
16 456
96
8 987
g' 942
3,200
5 604
' 139
16 973
135
8 572
9 279
3,537
5 601
142
16 259
137
6 217
5,892
10, 386
55
5 115
4,573
10, 910
60
5 642
4 863
12. 036
48
6 130
7 538
10 169
46
6 428
6 364
10 308
49
7 470
6* 555
11 242
69
9 262
8 913
3,798
5 001
115
16 872
112
7 544
6 760
12 155
80
6 940
Q 586
12 592
80
7 035
6 907
12 811
59
.239
79
61
159
1
360
299
486
923
r
.234
.235
68 299
60
59 241 r 58
169 152 T 167
1 996
2
* . 200
677
652
625
244
57 170
58 274
166 588
22 532
22 666
30 318
r 23 360
r 22 409
r 3Q 147
23 412
21 781
30 876
8 173
9 555
3,616
5 793
146
14 883
137
7 416
8 798
3,130
5 523
145
13 550
'l42
7 148
7 424
2,837
4 438
149
13 287
158
7 664
7 573
3, 155
4 246
172
13 446
6 395
1 302
I9 097
65
5 679
6 529
10 226
57
5 656
5 720
11 288
99
5 752
5' 960
10 904
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
_
Original equipment
Replacement equipment
Export-.
.
Stocks, end of month
Exports
Inner tubes:
Production
Shipments
Stocks, end of month- . . ._
Exports
• Revised.
..
Preliminary,
thousands
do
do
do
do. .
do
.do
do
do
do
do
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics throuerh
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December 1953
1952
October
N"ovember
19 53
December
January
February
March
April
May
June
July
August
September
October
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments _reams- _
182, 612
176.845
1 64, 085
168,910
184, 754
193,830
206, 348
1 78, 323
183, 075
172,177
160, 350
186, 236
202, 356
22, 048
95
19, 771
8, 823
4,329
20. 881
87
1 3, 740
r
1 5, 964
* 5, 280
18,855
17,325
79
1 3, 520
91 294
7, 445
80
14, 155
24 464
8,899
20, 21 5
84
20.813
23 865
9, 706
21, 802
94
20, 891
24 773
9, 556
23, 399
97
22 924
25 247
9 215
22, 698
97
26 400
21 545
8 669
24, 134
100
26 480
19 196
7 679
24, 289
101
27, 092
16 401
6,613
23. 795
10?
27 417
24, 738
103
27 556
10 041
4 055
479, 951
446. 312
444, 660
388, 269
391.241
377.166
375 051
447, 707
^39 031
485, 905
495 613
499, 936
496 994
533, 073
544 733
521, 922
540 237
526, 678
517 921
531, 172
533 562
PORTLAND CEMENT
Production
thous. of bbL_
Percent of capacity _
Shipments.- _ _ _ - __ _.. .. . thous. of bbl
Stocks, finished, end of month
do
Stocks, clinker, end of month
_... .. do ..-
r
24, 164
101
' 27, 223
6, 546
4, 360
4 943
CLAY PRODUCTS
Brick, tin glazed:
Production}:
thous. of standard brick-Shipments]:
do
Price, wholesale, common, composite, f. o. b.
plant
dol pei thous
Clay sewer pipe, vitrified :t
Production
short tons
Shipments
_ .
- - d o
Structural tile, unglazed:}
Production
._
..
do
Shipments
do
557, 001
557. 890
353 088
27. 409
27. 409
27. 409
27 409
?7 410
27 577
27 789
27 791
27 839
27 957
27 957
r 9§ 100
151,442
160,969
130, 372
] 20, 650
1 35, 639
98. 404
113,227
124 673
106 651
143 156
136, 741
142 147
135,874
139 598
1 31 ' 359
145 562
140 039
136 631
145 519
139 095
148 165
144 939
147 954
80, 975
85, 354
71, 635
70. 638
77. 1 23
63, 923
81,541
63, 050
73 976
68 020
79, 890
74 735
80, 799
80 474
78 329
83 583
80 701
85 114
84, 175
83 281
83 177
76 567
8? 428
75 65*
10, 704
10, 119
8,837
8, 250
7, 889
9 293
8, 602
9,000
8 510
10, 680
1 2, 1 70
10, 291
9 242
11 002
10 504
10 861
10 225
10 586
9 853
11,489
10,214
10 646
10 572
11 088
10 229
94, 920
P 28 100
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 -
8, 253
9
1 220
722
653
86?
85
1 293
1 006
1 284
993
824
1 090
1 649
1 039
2,818
2,200
2, 109
2, 485
2,403
3, 266
2,308
2,909
2,839
2, 765
3,392
2,984
3. 010
666
570
1, 380
312
530
1,387
2. 096
742
264
10.106
484
714
961
1,927
756
285
10,167
385
535
911
2. 356
808
260
10, 427
497
572
929
2 270
804
212
10, 677
828
883
1,418
3 071
1,102
308
8,970
1,033
967
906
1,869
925
229
9,741
1,149
1 111
1,040
1 984
816
210
9,909
1,317
1 181
994
1 879
871
221
' 0, 234
1,127
1 393
901
1 815
794
234
10 646
716
1 274
903
2 048
923
299
11, 193
440
104
098
077
895
325
527
511
908
1 436
9 133
898
301
10 99f>
5, 191
9 9QS
859
307
9, 854
1
1
2
r
10
5, 696
6,012
8, 03f
4,693
8,431
4, 960
4, 428
8, 91 1
5. 975
5 399
8. 724
6 387
5, 541
9, 566
6.778
5, 908
1 0, 230
6,029
5, 886
10, 582
6 049
5, 951
10 705
5 296
4,800
11 089
3 861
4 931
9 953
5 705
5 389
10 107
4 810
4, 725
10 075
4.374
3,666
3, 295
3, 652
3, 656
3, 667
3, 549
3, 533
2,741
2,739
3, 252
3,793
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Import^
thous of short tons
Production
do
Calcined, production, quarterly total
do
Gypsum products sold or used, quarterly total:
UP calcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
l\eene's cement
do
\11 other building plasters
do
Lath
thous of sq ft
Tile
do
Wallboardc?
do
Industrial plasters
short tons
716
2, 033
1, 723
444
1,863
1, 718
822
1,887
1,798
1 189
2,108
1,867
610, 738
608,516
566, 785
601,383
424. 371
12, 125
161, 130
570, 922
6, 507
935, 541
65, 1 95
411,877
432, 369
13 401
196 988
593 756
7. 181 i
942 793
66 893
473 536
12 081
231 835
660 025
7, 301
873 013
59 866
1 2, 963
168 692
579, 491
4, 730
926 229
66. 339
TEXTILE PRODUCTS
CLOTHING
Hosiery, shipments
thous. of dozen pairs- Men's apparel, cuttings:* 1
Tailored garments:
Suits
.--thous. of units Overcoats and topcoats
do
Trousers (separate), dress and sport
do
Shirts (woven fabrics), dress and sport
thous. of doz-_
Work clothing:
Shirts
do
Pants
do
Women's, misses', juniors' outerwear, cuttings
(quarterly):*
Coats
thous of units
Dresses
do
Suits
do
Waists, blouses, and shirts.thous. of doz -
16,819
15, 118
12, 949
13, 555
13, 724
14,356
12, 862
11, 192
12, 328
11, 964
14, 085
14, 929
15,049
' 1,945
' 617
i 4, 422
1,671
455
1, 740
408
3, 850
i 2, 118
> 398
1
4, 926
1,984
338
4,713
2,037
3.697
5,087
i 2, 220
i 521
1
5, 662
1,844
559
4,897
1,773
614
4,398
i 1, 285
1456
i 3, 370
1,713
652
3,829
1,511
562
3, 724
1,885
575
4,485
1,574
1,617
1
1.986
1,869
1,942
i 2, 274
1,783
1, 655
i 1, 493
1,462
357
341
i 449
i 454
394
419
440
450
i 496
1
506
398
428
390
425
1,590
»
394
393
1,805
367
395
1
1,799
1
510
U98
6,987
56, 354
3 782
3, 133
350
7, 314
65, 028
5 439
3,537
1
357
i 412
419
411
415
435
3 460
70, 825
2 478
2.737
r
Revised.
P Preliminary.
i Data cover a 5-wreek period.
t Revisions for 1952 are shown in the August 1953 SURVEY.
c"Includes laminated board, reported as component board.
^Data for October 1952 and January, April, July, and October
1953 cover 5-week periods and for other months, 4 weeks.
*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census. Data are estimated industry totals derived as follows: Men's apparel—estimates are based on reports
from approximately 1,000 large manufacturers and include estimates for a number of small manufacturers whose cuttings in 1951 accounted for from 2 to 12 percent of the total output; women's
outerwear—quarterly estimates are based on reports from 2,500 establishments (classified in the five principal women's outerwear industries, including the skirt industry) which accounted for
over 90 percent of the total shipments of these industries in 1951. Cuttings beginning 1950 wTill be shown later; earlier data for 1952 follow (units as above): Men's apparel, January-September—
suits 1 921- 1 805; 1 472; 1,463; 1,433; 1,421; 1,186; 1,679; 1,600; overcoats, 396; 324; 285; 332; 433; 501; 439; 575; 553; trousers, 3,888; 3,623; 3,869; 4,263; 3,882; 3,548; 3,248; 3,619; 3,776; shirts, dress, etc.,
1 548; 1 530; 1 464; 1,680; 1,534; 1,283; 1,179; 1,391; 1,417; shirts, work, 461; 422; 427; 493; 428; 426; 413; 434; 424; pants, 393; 360; 382; 433; 411; 372; 423; 375; 413; women's apparel, 1st, 2d, 3d quarterscoats, 8,064; 3,883; 7,694; dresses, 68,971; 75,647; 57,291; suits, 5,963; 3,135; 3,807; waists, etc., 3,618; 3,111; 3,142.
SURVEY OF CURRENT BUSINESS
1i)53
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-39
1952
October
November
1953
December
January
*«£"-
April
March
July
June
May
August
September
1,166
5, 547
October
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginnings§ -- ...
thous. of running bales - r 10,807
13, 420
Crop estimate, equivalent 500-1 b. bales
thous. of bales _
Consumption!
bales - . r 4 91 5, 568
759, 737
Stocks in the United States, end of month,
T
total!
-- -. .
- _ - thous. of bales
13, 482
14,561
r
Domestic cotton, total
do
14 511
13 431
T
On farms and in transit
. . do
6 507
4, 555
Public storage and compresses
do
' 6, 732
7, 437
r
Consuming establishments
do
1, 439
I , T273
Foreign cotton, total
do
51
50
Exports
._
__ __ _
. bales. . 296 025
337, 208
Imports
do
12 362
7 735
Prices (farm), American upland
cents per lb._
34.1
36.8
Prices, wholesale, middling, lt He", average, 10
markets
cents per Ib
34.8
36 7
Cotton linters:!
1
Consumption ...
thous. of bales
109
108
Production
do
i 256
233
r
Stocks, end of month
__
do
837
711
COTTON
1
14, 715
13, 988
14 952
349
1
697, 984
4
15 137
772,176
* 905, 071
747, 789
741,929
4
2
14 323
3 16 437
4
872, 128
893, 806
765, 778
739, 050
725, 849
702, 425
12, 355
12 299
2, 949
7,779
1,571
55
465, 966
33 268
31.7
11,199
11 125
1,988
7,442
1, 695
74
291, 829
25 322
29.8
10, 203
10 125
1,401
6,906
1,819
78
259, 475
27 055
30.2
9 201
9 117
8 119
8 025
7 1°9
7 031
6 181
6 084
5 502
5 409
1,892
84
246 467
12 495
31.5
5,491
1,817
94
208 208
33 122
31.5
4, 691
1,719
97
260 905
15 938
31.7
4, 005
1, 609
97
220 226
11 430
31.5
1,444
93
114 632
8 375
31.9
19, 289
19 204
14, 329
3,682
1,193
84
193, 304
9 130
32.8
18 837
18 757
11 687
5,815
1, 254
80
199 809
20 209
33.1
33 1
32 5
32.9
33 2
33 0
33 4
33 2
33 4
33 0
32 8
32 7
114
211
901
1
111
1
207
1,047
110
174
1,079
137
152
131
83
123
66
1 063
1 050
987
121
60
986
122
172
1 097
i 128
i 119
1 126
1 081
i 124
i 247
1 177
858
6,366
719
621
259
3,706
470
1
103
i 49
18 251
18 168
7 338
9, 368
1,462
83
32.5
MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterly cf
mil. of linear yards
Exports thous. of sq. yd_.
Im ports
do
Prices, wholesale:
Mill margins
__ _.
cents per Ib
Denim, 28-inch . __ __ cents per yd
Print cloth, 39-inch, 68 x 72
do
Sheeting, in gray, 40-inch, 48 x 44-48
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded, weaving
dol per Ib
36/2, combed, knitting
do
Spindle activity (cotton system spindles):!
Active spindles, last working day, total _ _ . t h o u s _ .
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total.mil. of hr._
A verage per working dav
do
Consuming 100 percent cotton
do.. ._
Operations as percent of capacity
70, 866
6 433
67,119
3 522
2 531
58, 627
7 634
54, 833
3 647
51, 908
2 779
2 612
48, 672
6 295
55, 304
6 887
62, 247
6 311
57, 382
4 924
47, 359
4 399
45. 368
4 594
2 414
54, 903
6 267
32 55
40 7
19 3
17.8
33 05
40.7
18 3
17.8
34 12
40 7
18 5
17.3
34 40
40.7
18 3
17.1
33 92
40.7
19 3
17.0
32 52
38 8
18 6
17.0
32 01
38 8
18 4
16.9
31 98
38 8
18 4
17.3
32 82
18 5
18.0
32 56
38 2
18 3
18.0
32 97
38 2
18 3
18.0
32 74
37 2
17 9
18.0
31 44
P 37 2
v 17 5
P17.7
762
1 082
745
1. 075
728
1.047
709
1.018
702
1.018
692
1 014
690
1 002
995
675
984
670
5 . 978
660
5 972
655
r 5 954
P ^43
5 953
21,612
20 215
12, 341
499
4
11, 525
4
134 8
21, 583
20, 180
9.870
506
9,219
137.0
21, 632
20, 290
9, 183
483
8,637
130 9
21,680
20, 314
12, 282
501
4
11, 521
4
135. 7
21, 622
20 277
10, 179
518
9,561
140.2
21,575
20 221
10, 251
513
9, 635
139 5
21, 259
19 926
12, 353
501
4
11,608
4
136 7
21, 377
20 013
10, 133
507
9,489
138 6
21,201
19 824
9,938
497
9,330
136 1
21,344
20 007
10, 126
405
4
9, 484
4 no 9
21, 391
20 063
9,857
493
9, 279
134 8
21,322
20 039
9, 582
491
9, 044
133 9
75. 0
24.1
73.6
26.8
71.2
25.1
'77.0
24.1
'71.0
r
18.4
80.8
21 9
78.3
24 1
81.5
26 6
r
80.3
r
r
58.4
17 8
3,872
59.1
15.9
3,687
64.4
17 4
3,691
64.0
18.8
5, 513
62.9
16 4
6,260
61 1
57 9
26 1
6,069
r
r
10, 892
60 2
22 9
11,351
.780
.400
.780
.400
.780
.366
.780
.366
.780
.366
.780
366
.780
366
.780
336
4
4
r 2 616
4
oo n
679
5
4
21,244
4
19 953
11,8.53
479
4
11,192
4 130 6
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
...mil. of lb__
Staple (incl. tow)
._ _ _ _
do.. .
Stocks, producers', end of month:
Filament yarn
do ..
Staple (incl tow)
do
Imports
..
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point
dol. per lb__
Staple, viscose, ll/2 denier..^ _
_ do.. .
Rayon and acetate broad-woven goods, production,
quarterly c?
..thous. of linear yards _
516, 323
r
r 17 2
r 23 8
r 23 1
59 6
32 8
7,557
65 1
37 0
5,592
r 72 1
7,241
.780
336
.780
336
.780
336
.780
336
56 8
r 3() 1
r
510 371
r
72.0
78.8
26 7
27 0
518 658
63. 6
r 35 g
3 355
64.9
26 2
74 5
34 0
p. 780
P 336
479 057
SILK
Silk, raw:
Imports
thous of Ib
Price, wholesale, white, Japanese, 20/22 denier,
87% (AA), f. o. b. warehouse
dol. per lb_.
1 071
716
1 032
901
585
640
573
666
593
698
812
5.47
5.43
5.45
5. 55
5.56
5.53
5.05
5.12
5.21
5.21
5.20
280
13, 240
64 994
48, 714
28, 480
11, 296
20 316
10, 025
26, 900
12, 116
29 686
15, 366
34, 360
13 690
40 933
21, 381
29, 564
12 656
28 487
18, 443
30, 000
12 812
31 569
17, 254
36, 490
4 14 320
29 791
19, 489
31, 396
9 736
25 093
14, 956
31,272
10 308
21 994
15, 141
1.665
1 168
1.725
1 225
1.725
1 225
1.725
1 225
1.725
1 225
1.722
1 185
1.737
1 201
1.752
1 194
1.675
6 1.725
6 1. 725
6 1. 750
6 1 . 775
6 1 775
643
T
5.18
P5.23
WOOL
Consumption, mill (clean basis) :!t
Apparel class
thous. of l b _ _
Carpet class
do
Imports, clean content
do
Apparel class (dutiable), clean content*. do _
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. per lb_.
Bright fleece, 56s-58s, clean basis
do
Australian, 64s, 70s, good topmaking, clean basis,
in bond
dol. oer Ib.
r
4
38,
4
6
1. 535
6
1. 625
6
4
4
4
4
32,
47
30
13
225
770
622
463
' 29, 876
r 10 555
19 169
10 780
e 1. 748
1 199
1.725
1 189
1. 725
1 174
6 1 775
1 778
e i 7«n
27,
9
29
13
1
736
940
744
267
1 . 725
1 200
6 i 7«n
1.725
1 200
6 1 78H
3
Revised.
v Preliminary.
* Total ginnings of 1952 crop.
- 6Ginnings to December 1.
December 1 estimate of 1953 crop. 4 Data over a 5-week period. 5 Specifications changed'
quotations beginning June 1953 not comparable with earlier data.
Nominal price.
§Total ginnings to end of month indicated.
!Data for October 1952 and January, April, July, and October 1953 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered.
*New series. Imports of wool are compiled by the U. S. Department oj Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be
shown later.
{Revisions for 1952 are shown in the August 1953 SURVEY.
cf Revisions for broad-woven goods for first and second quarters of 1952 are shown in the October 1953 SURVEY.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December 1953
1953
1952
October
November
December
January
February
March
May
April
July
June
September
August
October
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Kn tting yarn, worsted, 2/20s-50s/56s, Bradford system, wholesale price
dol. per lb-_
Woolen and worsted woven goods, except woven
felts :t
Production, quarterly total
thous of lin yd
Apparel fabrics total
do
Government orders
do
Other than Government orders, total .-do
Men's and boys'
do
Women's and children's
do
Nonapparel fabrics total
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz./yd., 57" /Go"
1947-49=100-Qabardine, 10^-12 # oz./yd., £6"/58".-__do
2.122
2.122
2.122
2.122
95 779
83 506
9 923
73, 583
30 712
42 871
12 273
7 200
5 073
111.3
107.2
2.134
2.146
2.158
2.170
113.9
105.3
113.9
105. 8
r
2. 122
*>2.111
84, 249
71, 721
3, 655
68, 066
29, 379
38 6§7
12, 528
8 032
4,496
r
113.9
105.3
113.9
104.7
112.5
104.7
2.170
* 93, 123
79 841
r
4, 216
' 75, 625
T
39, 694
r
35 931
r
13, 282
r
7 739
r
5, 543
85, 334
72 691
8, 1 53
64, 538
33, 118
31 420
1 2, 643
6 818
5 825
112.5
103.9
111.3
107.2
2.122
2.110
113.9
105.3
113.9
105.3
112.9
103.6
112.9
103. 6
112.9
103.6
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft shipments
Exports 9
293
96
268
84
254
97
365
107
382
82
358
81
402
112
417
119
339
104
402
154
350
138
604, 261
519, 536
535, 027
583, 001
700, 685
723, 532
643, 487
661, 992
705, 132
615, 382
380
359
486, 071
467, 440
96, 740
86,212
566, 320
545, 961
134,129
122,043
367
339
596, 633
577, 971
126, 754
114, 787
549, 677
531, 544
93, 443
82, 433
587, 549
570, 826
74, 063
66, 063
599, 134
581, 870
105, 622
92, 788
27. 938
15,941
11,997
27, 257
15, 372
11,885
28, 675
16,704
11,971
28 511
16,455
12,056
22, 661
14,397
8,264
23, 564
13, 544
10, 020
number
do
r
359
92
MOTOR VEHICLES
Factory sales, total
Coaches, total
- - ..
Domestic
Passenger cars, total
Domestic
Trucks, total
Domestic
Exports total 9
Passenger cars 9
Trucks and busse^ 9
number
_ _ ._ do -do
- do. ..
do
do
_ do
-
--
do
do
do
Truck trailers, production, total.
Complete trailer^cf'
Vans
\11 other cf
Trailer chassis
do ...
do
do
do
do
Registrations:
New passenger cars
New commercial cars-
do
do--_-
471,808
459, 958
1 32, 064
116,449
405, 1 1 1
394, 313
114,106
102,504
418, 982
406,156
115,814
103,648
565,172
254
218
453, 319
435,129
111,599
97, 879
22 028
9,410
12, 618
22, 072
9, 01 5
13,057
20 993
9. 455
11 , 538
27 121
14, 136
12,985
389
260
r
5,465
5 205
2 708
2 497
319
244
r
4,908
4 657
2, 464
231
189
5,392
r 5
144
260
250
2 560
? 584
248
383, 385
77, 486
360, 236
70, 431
399, 906
69, 949
5,592
3,103
2,963
2,489
6, 098
4,201
4,032
1,897
r
r
r
r
5,
5
2
3
858
635
588
047
223
190
189
r
r
6,009
5 723
2, 586
3 137
286
236
189
r
r
6,740
6 429
2, 823
3 606
311
145
141
8, 850
8 516*
2 990
»• 5 526
r
334
9,781
9 454
3 166
r
6 288
r
r
T
9,708
9 351
2, 778
6 5/3
376
368
r
r
9,285
8. 965
2, 526
6. 439
327
357
320
447
407
513, 457
501,055
101,478
89,911
T
r
573, 688
620, 588
475, 289
465, 737
98, 051
86, 919
528,
516.
91,
79,
348
344
24 514
11,862
12, 652
9,906
9 708
2 281
7 427
088
257
981
566
22 881
10, 455
12, 426
9,703
9 498
2 629
6 869
519
496
T
T
205
198
8,381
8 209
2,587
5 622
172
386, 221
72, 606
396, 558
68,616
486, 368
79, 672
528, 278
91,127
540, 575
86, 366
542, 193
77, 199
533, 783
76, 161
502, 430
76, 673
453, 806
r 78, 319
504, 697
82, 661
8,103
6,094
5,972
2,009
15
15
15
0
7,789
6,072
6, 063
1,717
6, 725
4, 958
4, 952
1,767
6,870
4,768
4,737
2,102
6,969
4,312
3, 958
2,657
6,918
4,014
3, 559
2,904
6,817
4,643
4, 196
2,174
6, 336
4,098
3, 468
2, 238
8, 732
5,557
5, 552
3,175
0
0
27
27
27
26
26
26
5,701
3,512
3, 368
2,189
0
0
0
0
0
0
0
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number
Equipment manufacturers, total. _ . _ do ..
1 )omesti c
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:§
Num ber owned
thousands _ Undergoing or awaiting classified repairs
thousands-Percent of total ownership _ _
Orders, unfilled
number
E quipment manufacturers
do
Railroad shops _
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number ._
Percent of total on line
_ _ __
Orders, unfilled:
Diesel-electric and electric locomotives, total
number of power units. _
Steam locomotives, total
number-Exports of locomotives total
do
0
0
968
893
769
075
20
20
20
0
1,755
1,756
1, 757
1,759
1,762
1,764
1,765
1,767
1,767
1,769
1,771
1,772
1,775
89
5.1
74, 728
41, 381
33, 347
90
5.2
72, 400
40, 355
32, 045
88
5.0
67, 1 38
35, 803
31, 335
88
5.0
66, 368
36, 550
29,818
89
5.1
63, 711
34, 891
28, 820
89
5.0
59, 354
32, 732
26, 622
88
5.0
54, 333
30, 141
24, 192
89
5.0
50, 717
29, 351
21, 366
91
5.2
45, 804
26, 880
18, 924
92
5.2
40, 119
22, 908
17,211
92
5.2
40 224
21, 497
18, 727
94
53
37 554
20, 651
16 903
90
51
33, 159
15, 405
17, 754
2,015
12.1
1,939
11.9
1,890
11.9
1, 851
12.0
1,835
12.1
1,784
12.1
1,656
11.5
1,547
11.1
1,437
10.6
1,315
10.0
1,336
10.4
1, 216
9 7
1, 223
10 0
1,011
19
894
17
943
15
948
14
1,057
12
843
10
861
8
675
7
564
6
511
5
405
4
545
3
628
2
49
49
51
38
40
47
40
45
39
61
46
48
588
549
39
622
585
37
741
674
67
704
669
35
779
743
36
832
794
38
732
690
42
677
640
37
945
902
43
673
591
82
626
576
50
797
735
62
11
11
11
11
11
11
7,
5,
5,
2
17
17
17
39
39
39
37
37
37
37
37
37
42
42
42
34
34
34
46
46
42
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
-
-
-
number
do
do
877
845
32
r
Revised.
* Preliminary.
t Re visions for 1952 are shown in the August 1953 SURVEY.
9 Data exclude all military-type exports.
d"Revised beginning 1952 to include production of converter dollies; data as revised are comparable with figures through 1951 shown in the 1953 issue of BUSINESS STATISTICS. Revisions
for January 1952-September 1952 are as follows (number): Complete trailers—total, 4,700; 4,436; 4,760; 4,929; 4,828; 3,737; 3,410; 4,241; 4,645; all other, 2,750; 2,563; 2,766; 2,966; 2,974; 2,518; 2,129;
2,344; 2,365.
§ 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 e t h y l _ _ _ _ _
_.__.
24
Alcoholic beverages._. _ _ _ _ _ _
2, 6, 8, 27
Aluminum. _ _ „ _ _ _ _ _ „ _
__
_ _ _ _ _ _ — . __
33
Animal fats, greases, and oils
25
Anthracite...........
.... 2 , 1 1 , 1 3 , 14,15,34
Apparel, wearing..... 3, 4, 5, 6, 8, 9, 11, 12, 14, 15, 38
Asphalt and asphalt p r o d u c t s . . , . _ _ _ „ _ _ _ . _ . _
36
Automobiles.... 2, 3, 8, 9, 11, 12, 13, 14, 16, 18, 21,40
Balance of payments.._._..__ — —
...
..
20
Banking.
.
.
..... ......... 15, 16
Barley.. _ _ _ .
28
Barrels and drums .... ,.
......— .—..
32
Battery shipments-........._..._........_.
34
Beef and v e a l _ _ _ _ _ _ _ _ _ _ _ ~ —
_„_„__29
Beverages
_ _ _ _ - - _ _ 2 , 3 , 4 , 6 , 8 , 11, 12,14,27
Bituminous coal....-------- 2, 11, 13, 14, 15,34,35
Blast furnaces, steel works, etc-.—
11, 12, 13, 14
Blowers and f a n s _ _ _ _ „ - „ - _ _ ————..
.
34
Boilers........
33,34
Bonds, issues, prices, sales, yields™...
...
19
Book publication._.
, ,
_.
.—,__.
37
Brass.. .
.__-._
...
.
_— - - _ . _ . . _ .
33
Brick
.__.„__..„_____
......
.....
38
Brokers' loans and balances....
_ _ _ _ _ _ _ . . 16,19
Building costs. _ _ _ _ _ _ — . . .
________.,.—.
7
ESuilding and construction materials.__„_„„„_ 7, 8, 9
Business sales and i n v e n t o r i e s _ _ _ _ _ _ _ _ _ _ _ _ . «
3
Businesses operating and business turnover. _ _
4
Butter__
_____._-__„..--___-„
27
Cans (metal), closures, crowns...........—
33
Cat-loadings. _ _ _ _ _
«._.._-_..____
__.__..
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
— — - 2,3,4,5,11,12,14, 15,18,21,24
Cigars and cigarettes...______
— — __ 6, 30
Civilian employees, Federal.
12
Clay products (see also Stone, clay, etc.)---- 2, 6, 38
Clothing (see also Apparel).,...
. ._
5, 3.8
Coal-. — - — — -— 2, 11, 13, 14, 15, 21, 23, 34, 35
Cocoa-..... —._ — -----_ — — -- — - — - 22,29
Coffee-..-.... — — — — — — 22, 29
Coke
... — .--. — - - - - - — 2,23,35
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,
Highway________..-__-,-__
- > - - . _ _ _ _ _ _ 6, 7, 12
New construction, dollar v a l u e _ _ _ _ _ _ _ _ _ _ _ _
6
Consumer credit. _ _ _ _ _
_________________
16
Consumer expenditures.___
_
...
1, 8
Consumer price index
___________
.
5
Copper..
..
....
...
. 22,33
.
Copra and coconut oil___
________
25
Corn.....-- — - - ----——
19,28
Cost-of-living index (see Consumer price
index). „
______
__ _
__
5
Cotton, raw and manufactures..2, 5, 6, 21, 39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term. _ .
, __
16
Crops....
—— .. 2 , 5 , 2 5 , 2 7 , 2 8 , 3 0 , 3 9
Currency in circulation...
_.
___„__„_
18
Dairy products
...
- - - - - - 2, 5, 11, 12, 14, 27
Debits, bank...
______________________
15
Debt, United States Government- _
. —. _
17
Department stores,.._ _ _ 9, 10, 16
Deposits, b a n k _ _ _ _ _ ~ _ _ _
....
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
3f
4 , 5 , 8 , 11, 1 2 , 1 3 , 1 4 , 1 8 , 2 1 , 3 4
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
Flour, wheat...
-.
28
_ _ —
Pages marked S
Food products..,.,- , _ _ - _ „ _ _ . , _ . . _ _ . , _ _ _ „ _ . , _ _
2,
3, 4, 5, 8, 9, 11, 12, 14, 18, 27, 28, 29, 30
Foreclosures, real estate
__„_
__„
7
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups...._-_._.
21, 22
Foundry equipment
. _ _ _ _ _____„__„__
34
Freight carloadings
_-__-___-.„____„„__.
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.._-__.___
_ . . _ - - _ _ . _ . _ . _ _ . . 2,8, 9, 36
Glass products (see also Stone, clay, etc.)--.- 2, 38
Generators and m o t o r s . - _ _ _ _ „ , , _ _ _ _ _ _ _ _ _ _ „ - _
34
Glycerin. _ . . _ _ _ _ . _ _ . _ _ _ _ _ _ _ _ .
__..____.
24
Gold—.-- — — _ . _ . . . _ — — 18
Grains and products.— — — — — — 5, 19, 21, 23, 28
Grocery stores.
_.__-.._..__..._...__._.
9
Gross national product.—__.__.._..__.._..
1
Gypsum and products...-.-« — . , - _ . , _ _ _ _ _ - _ _ _ 6,38
Heating apparatus,.___..._. 6, 11, 12, 13, 14,33,34
Hides and skins—-. — — — . — -- 5, 22, 30
Highways and r o a d s _ _ » - - » - _ - - _ _ . _ - .
- 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
H o u s e f u r n i s h i n g s _ _ . _ _ „ _ _ _ _ _ „ _ . _ „ . . _ _ _ _ _ „ _ _ . . _ 5, 8. 9
Household appliances and radios- — — __.. 5, 8, 9, 34
Immigration and emigration
„____.__
23
Imports (see also individual commodities). 20, 21, 22
Income, personajl—— _ _ _ _ —.-- — .--_ — — — 1
Income-tax receipts. . _ _ _ _ - _ _ . . . _ _ _ _ _ _ _ _ _ . _
16
Incorporations, business, new___ _ _ . . _ _ _ _ _ „ _ _ „
4
Industrial production i n d e x e s - _ _ _ _ _ _ _ _ _ _ _ _ _ _
2, 3
Instalment credit. _ _ _ _ _ _ _ _ _ _ _ _ _ _ . . _ _ _ _ - _ .
16
Instalment sales, department stores.........
10
Insulating materials. . — -__ — — — ..
___.
34
Insurance, life
,„„__„„.____„„_.__.__._
17
Interest and money r a t e s _ _ _ _ _ > _ _ » _ _ _ - - » _ _ - 16
International transactions of the U. S_.-.. 20, 21, 22
Inventories, manufacturers' and trade. „ _ _ 3, 4, 9, 10
Iron and steel, crude and manufactures
._
2,
6,18,21,32,33
Jewelry stores, sales, inventories-...........
8, 9
Kerosene.
.............
35
Labor disputes, turnover.
.............
13
Labor force_____.___, _ _ _ _ ..—.... 10
Lamb and mutton.___, _ _ _ „
.— — _-.
29
..... — ...._
29
Lead.... — — . — — .. — — — — — —
33
Leather and products.—-. 2, 3, 4, 5, 12, 14, 15, 30, 31
Linseed oil
_ _ _ . . _ . , _ _ _ - _ _ _ _ _ . ,_ — _ _ _ _
25
Livestock. — — — — —
— 2,5,23,29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer Credit)__„.,-.._ 7, 15, 16, 17, 19
Locomotives...---___-_-_-______.__-..--__
40
Lubricants..
..
.....
. . . . . 35
Lumber and products..___________---__
2,
3, 5, 8, 9, 11, 12, 13, 14, 18, 31, 32
Machine activity, cotton.. — .
— _ — __ — _.
39
Machine tools.
_.
.
.______„„„__
34
Machinery... — ... 2, 3, 4, 5, 11, 12, 13, 14, 18, 21, 34
Magazine advertising
_.„__________-.
8
Mail-order houses, sales
_._._
..... 9, 10
Manufacturers' sales, inventories, orders.....
3,4
Manufacturing production indexes
2, 3
Manufacturing production workers, employment, payrolls, hours, wages— — . 11, 12, 13, 14, 15
Meats and meat packing...
2, 5, 11, 12, 14, 29
Medical and personal care_
_
,
5
Metals.
.. 2, 3, 4, 6, 11, 12, 13, 14, 15, 18, 32, 33
Methanol. ....................— . . . .
. . . . 24
Milk— —
————
._.-_.
27
Minerals and mining......... 2, 3, 11, 13, 14, 15, 20
Monetary statistics.—._..______.__,— _ _ - _ _
18
Money orders....... , ——,—,...._.___.
8
Money supply. — . — _ — — _ — . — — — .
.
18
Mortgage lpans_-._._
___._.
._- 7, 15, 16, 17
Motor carriers--_-_.——————
_.
22
Motor fuel
.
,__.
__
_.
.
36
Motor vehicles
. . . . . . . . 3, 5, 8, 9, 18, 40
.......
Motors, electrical.-.
, _ _ _ — — — .—.__..__
34
National income and product.—.—,.
1
National parks, visitors. — — .
....— _ _ _ _ —
23
Newspaper advertising. _ _ _ _ _ _ - - - _
,____
8
Newsprint—.
—
.. — — — .
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
.. 2, 6, 11, 12, 13, 14, 18, 22, 33
Noninstalrnent credit— — — — — — — — — —
,
16
Oats..........................._......._.
28
Oil burners— ... . .
.. .
.....
....
34
Oils and fats, greases.._.._.._.
.... 5, 25, 26
Oleomargarine
- . _ _ —, _ _
.
-___..
26
Operating businesses and business turnover—.
4
Orders, new and unfilled, manufacturers'-.
4
Paint and paint materials.__.—.— ..—..... 5, 26
Panama Canal traffic.- — - _ _ — ._ —
_ — ..
23
Paper and pulp.... 2 , 3 , 4 , 6 , 1 1 , 1 2 , 1 4 , 1 5 , 2 2 , 3 6 , 3 7
Paper and products._._._.
____.._.
,
2,
3 , 4 , 6 , 1 1 , 1 2 , 14, 15,18,36,37
Passports issued.... .....
...
....
23
Payrolls, indexes
— — — — . — ..
12
Personal consumption expenditures
1,8
Pages marked S
Personal i n c o m e _ „ _ _ _ _
.
1
Personal saving and disposable income
___
1
Petroleum and products
2,
3, 4, 5, 11, 12, 13, 14, 15, 18, 21, 22, 35, 36
Pig iron— — .. ...
._.._.....__
32
Plant and equipment expenditures_.____._..
1
Plastics and resin materials
.
__________
26
Plywood._„__________-__
_____„.________
31
Population. _ _ . _ _ . _ _ _ _ . _ _ . _ _ . _ _ _ . _ . . . _ _ . . .
10
Pork._„__.__-_.____
...._.._......_..
29
Postal savings., _ _ _ _ , ,_
16
Poultry and eggs..
2, 5, 29
Prices (see also individual commodities):
Consumer price index...
..
.
5
Received and paid by farmers.
-.
5
Retail price indexes. _
.___>„_____5
Wholesale price indexes
_. _ _ _ _ _ _
5, 6
Printing and publishing2, 3, 4, 11, 12, 14, 15, 37
Profits, corporation.
,
.
1, 18
Public utilities... 1, 6, 11, 13, 14, 15, 17, 18, 19, 20, 26
Pullman Company
,
.
23
Pulpwood..
-_
„
___„____
..
36
Pumps.. . .
..
,„__.____.,
..
. 34
Purchasing power of the dollar. _ _ _ _ _ _ _ _ _ _ _ _ _
6
Radio and television... _ _ „ _ _ „ „ _ „ _ _ _ „
. 5, 7, 8, 34
Railroads, employment, wages,financialstatistics, 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
Recreation _ _ . _ _ _ . _ . . _ . _ . . . _ . _ _ _ .
....
5
Refrigerators, electrical_._._ — . — _. — . — — 34
Rents (housing), index...
.
_ _ _ -5
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores...... 3,4,8,9, 10, 11, 13, 14, 15
Rice.........
.
_.._.__._._.._
28
Roofing and siding, asphalt- . . . . _ _ _
..
,
36
Rosin and turpentine.
.. .
. _ . . . 24
Rubber, natural, synthetic, and reclaimed,
tires and tubes..
6,22,37
Rubber products industry, production index,
sales, inventories, employment, payrolls,
hours, e a r n i n g s . . „ _ „ _ _ _ - _ _ _ > _ _ _ 2, 3, 4, 12, 14, 15
Rural sales
..
..
...
...
. . 10
.
Rye______
.. — — —
28
Saving, personal,—. — „—..
.
,__„.—
1
Savings deposits..
.
„_.
, _—
16
Securities issued....
_.._..___
18, 19
Services..-..-..__
4 , 5 , 8 , 11, 13, 14, 15
Sewer pipe, clay
.
. ,
38
Sheep and lambs
,.__
29
Ship and boat building
11, 12, 13, 14
Shoes and other footwear...... 2, 8, 9, 12, 14, 15, 31
Shortening
.__
26
Silk, imports, prices____
..
- _ _ _ _ _ _ - _ _ 6, 39
Silver.... _ _ _ _ _ „
„
______„.
18
Soybeans and soybean oil _ _ _ _ _ _ _
,
25
Spindle activity, cotton
39
Steel ingots and steel manufactures (see also
Iron and steel).
. . . 32, 33
...
Steel s c r a p _ _ _ _ _
,__
___„
32
Stocks, department stores (see also Inventories).- _ - _ _ _ - _ - - _ _
„
10
Stocks, dividends, listings, prices, sales, yields.
20
Stone, clay, and glass products
.
, _ _ _.—
2,
3 , 1 1 , 1 2 , 1 3 , 14,18,38
Stoves
_-. — — .__.. — — — ..—
34
Sugar................
-_
....
. 22,30
Sulfur. _ _ _ _ _ _ _ _ _ _ „ _ _ . _ _ _
25
Sulfuric a c i d _ _ . _ - _ _ _ _ - - .
.....
24
Superphosphate
_ _ _.
, _.
24
Tea
—
..
_.
30
Telephone, telegraph, cable, and radio-telegraph c a r r i e r s - . _ _ _ _ _ _ 11, 13, 14, 15, 18, 19, 20, 23
Television... ... ..
. . 7, 34
Textiles—... 2, 3, 4, 6, 11, 12, 14, 15, 18, 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, 1 5 , 2 1 , 3 0
Tools, machine.
34
Trade, retail and wholesale. 3,4,8,9, 10, 11, 13, 14, 15
Transit lines, local
....
22
Transportation, commodity and passenger__ 5, 22, 23
Transportation equipment2,
3,4,11,12,13,14,18,40
Travel
__._
_
23
Truck trailers...
....
, 40
Trucks
....
40
Turpentine and rosin_«
_.
...
24
Unemployment and compensation
10,13
United States Government bonds. „ _ _ _ 16, 17, 18, 19
United States Government
finance
16, 17
Utilities...
1, 5, 6, 11, 13, 14,15,17, 18, 19, 20, 26
Vacuum cleaners.
^.____
34
Variety stores.-__.,
..
.
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 miscellaneous13,14, 15
Washers____
34
Water h e a t e r s . — _ _ _ _ _ _ _ _
34
Wax.___
_________„__
__________
36
Wheat and wheat
flour.______„
19, 28
Wholesale price indexes______ —
5, 6
Wholesale trade.
_ _ _ — .... 3, 4, 10, 11, 13, 14, 1.5
Wood pulp.. —
— .._.... — .
36
Wool and wool manufactures...
2, 6, 22, 39, 40
Zinc............
33
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Volume 33
Survey
of Cuirrent Business
NUI nbers 1-12
1953 Index of 8jlecial Articles and Features
sPECIAL ARTICLES
fc
Growth Trends in the Economy
State and Local Government Receipt and Expenditure Programs . .
. . . . . . . .
Defense Expansion and Civilian Markets . . . . . . .
United States Foreign Aid in 1952
Investment Programs and Sales Expectations in
1953
Indebtedness of Individuals
Population Growth and Markets
Business Inventories—Recent Trends and Position .
LIFO Inventories and National Income Accounting .
One Billion Travel Dollars Go Abroad
Producers1 Equipment— Growth, Replacement, and
Stock
No. Page
1
5
1
2
3
3
11
1
7
13
4
4
4
5
5
9
7
12
19
9
16
9
6
Rental Income and Outlay in the U.S., 1929-52 . *
National Income and Product of the U. S., 1952 . .
State Income Payments in 1952 . . . . . . . « •
JVb. Page
6
17
7
8
8
9
9
6
7
16
13
20
10
11
United States Foreign Aid in Fiscal Year 1953 . . .
10
15
Investment in Production Equipment, 1929-52 . «
11
11
Income on U S Foreign Investments
. . . . •
12
8
Residential Construction Activity and Financing . .
12
15
12
21
9
9
9
3
5
9
9
10
10
11
11
10
11
3
5
6
9
8
11
12
2
3
12
5
12
Transportation in the Balance of Payments . . . *
FJEA1rURES
Recent Money Market Developments
Review of National Income and Product in the
1
2
3
3
4
4
3
1
4
6
3
4
5
5
6
2
7
2
6
1953 Investment Programs
• *«
Defense Expansion and Civilian wfarkets
Recent Trends in Manufacturers' Orders
1953 Investment Programs Increased
Adjustments in Materials
. . . . . .
Recent Dividend Developments
National Income and Product—A Review of the
First Quarter
. . . . . . . . .
Trends in Industrial Output
Capital Goods Demand Higher hi Third Quarter .
Foreign Dollar Position Improved During First
4
7
3
8
3
The Volume of Government Purchasing
Balance of Payment Trends During the Second
National Income Trends
. . . . « . «
Area Shifts in International Transactions . . . . .
Review of National Income and Product in the
Business Investment Programs for Early 1954 . .
Third Quarter Balance of Payments Reflects Continued Advances Abroad . . « . . « . . . »
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