Full text of Survey of Current Business : February 1954
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FEBRUARY
EOT
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1954
SURVEY
OF CURRENT
BUSINESS
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
Albuquerque, N. Mex.
No. 2
Los Angeles 15, Calif.
204 S. 10th St.
Atlanta 3, Ga.
86 Forsyth St. NW.
Memphis 3, Tenn.
229 Federal Bldg.
Boston 9, Mass.
261 Franklin St.
FEBRUARY 1954
112 West 9th St.
Miami 32, Fla.
36 NE. FirBt St.
Buffalo 3, N. Y.
117 EUicott St.
tenfo
Minneapolis 2, Minn.
607 Marquette Are.
New Orleans 12, La.
PAGE
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
THE BUSINESS SITUATION THROUGHOUT
1953
1
Cheyenne, Wyo.
307 Federal Office Bldg.
NATIONAL INCOME AND PRODUCT IN 1953 . .
5
333 St. Charles Ave.
Chicago 1, 111.
226 W. Jackson Blvd.
New York 13, N. Y.
346 Broadway
Philadelphia 7, Pa.
Consumer Demand
Investment Demand
Government Demand
National Income by Industries
Components of National Income
5
7
9
9
11
1015 Chestnut St.
Phoenix, Ariz;
137 N. Second Ave.
Cincinnati 2, Ohio
755 U. S. Post Office
and Custom House
Pittsburgh 22, Pa.
717 Liberty Ave.
Cleveland 14, Ohio
1100 Chester Ave.
Portland 4, Oreg.
520 SW. Morrieon St.
PRODUCTION AND TRADE
15
Agricultural Production
Construction Activity
17
19
Retail Trade
21
FOREIGN TRANSACTIONS
23
* * *
MONTHLY BUSINESS STATISTICS . . S-l to S-40
Statistical Index
Inside back cover
Dallas 2, Tex.
1114 Commerce St.
Denver 2, Colo.
142 New Custom Houee
Detroit 26, Mich.
230 W. Fort St.
f Commerce
Bldg.
Reno, Nev.
1479
Wells Ave.
Richmond, Va.
400 East Main St.
St. Louis 1, Mo.
1114 Market St.
Salt
^
*• Utah
109 W. Second St. So.
Houston, Tex.
430 La mar St.
San Francisco 2, Calif.
Jacksonville 1, Fla.
Savannah, Ga.
870 Market St.
311 W. Monroe St.
Kansas City 6, Mo.
911 Walnut St.
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
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Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
devoted to U. S. Government
n-"*>***«
The
Business Situation
Throughout 1953
J_ HE Nation's economy produced more goods and services
and provided a higher standard of living to consumers in
1953 than in an}^ prior year. The gross national product,
valued in constant prices, exceeded 1952 by nearly 4 percent.
The rise in production from 1952 to 1953 was especially
pronounced, for the year as a whole, in manufacturing and
the public utilities, but it was shared by most nonagricultural
industries. Production for both civilian and defense uses
was higher, with the most notable increases in both categories
appearing in the output of durable goods.
The increased national income accompanying the production and sales gains was reflected in enhanced employee compensation and profits. The employed civilian labor force
averaged 61.9 million for the year, about 600,000 higher than
in 1952. Unemployment^ although increasing at the end of
the year, was at the postwar low of 1% million for the year
as a whole. Average hours of work were fractionally below
the previous year but with higher rates of pay the average
earnings of employees were 5 percent more in 1953 than in
1952. Changes in the consumers price index were small.
The major exceptions to the broad year-to-year advance
in output, sales, and income were related to developments
in agriculture and export trade. Farm production matched
its 1952 record and supplies available for sale increased, butlower agricultural prices brought a substantial reduction in
farm income for the second successive year and necessitated
increased support operations by the Commodity Credit
Corporation. Commercial exports from the United States
were also lower in 1953, the decline appearing mainly in
agricultural products and thus contributing to the domestic
larm problem. The export decline was also a factor, along
with larger military and tourist expenditures abroad, in one
of the more favorable developments of the year—the marked
improvement in the balance of payments and reserve positions of foreign countries.
Record fixed investment and consumption
The heavy business investment in plant and equipment of
the preceding postwar years, which had made possible the
great enlargement of the Nation's productive capacity, continued in 1953. Purchases of producers' durable goods, in
real terms, were in record volume despite lower sales of agri28G318 FRASER
1
Digitized for—54
0
cultural equipment, and private construction exceeded its
1952 rate. Commercial building showed an especially
marked expansion and residential construction continued
high. The investment pattern was moving gradually toward
greater emphasis on civilian-type industries and less on the
expansion of capacity to turn out basic materials and defense
goods.
Consumer buying, measured in constant prices, advanced
in proportion to the expansion of total putput in 1952 and
1953. In the early phases of the defense program, however,
defense requirements had absorbed the bulk of production
gains. Hence, with Government purchases up sharply,
consumer purchases comprised 63 percent of the gross
national product in each of the years from 1951 to 1953 as
compared with 69 percent in 1948.
With the advance of Federal purchases for national
security purposes now ended, the opportunity exists to devote increasing resources to private investment and consumption, and to local government facilities for which a large
backlog of requirements exists. An expansion of private
markets in the period ahead will be of major importance to
the maintenance of economic stability and growth.
Security purchases pass peak
The gradual topping off during 1953 of national security
expenditures was a major change in the influences bearing
upon economic development. In the early period of the
defense buildup security purchases had passed through a
period of sharp advances, which averaged over $6 billion a
quarter at annual rates from late 1950 through late 1951 and
led to materials shortages and inflationary pressure. For
nearly 2 years thereafter, ending with the second quarter of
1953, these expenditures continued to grow but at a much
more moderate rate, averaging about $1/2 billion a quarter.
The last 2 quarters of 1953 saw declines of about the same
magnitude, and the budget submitted by the President in
January implies a continuation of moderate reductions during the current calendar year. Thus, with respect to its
economic impact, the security program has entered its third
major phase.
SURVEY OF CURRENT BUSINESS
The prospect of the leveling and decline of national
security purchases together with the great expansion of the
Nation's production potential made possible the elimination
of the economic controls introduced in 1950 and 1951.
These had already been eased importantly in 1952, but the
major decontrol actions were taken in the first half of last
year. By June 30, when the Controlled Materials Plan was
ended, virtually all the temporary controls over prices,
wages, production, inventories, and credit had been terminated.
The change in the course of defense spending also helped
to make possible tax reductions at the start of 1954. These
returned to private hands purchasing power which would be
available to bolster private consumption and investment,
and thus facilitate the redirection of production. The
changing pattern of defense spending was also an important
influence in the short-run developments of 1953.
Course of business within the year
The upsurge of production late in 1952, manifested most
strongly in the consumer durable goods industries as metals
became more freely available than had been the case since
1950, had brought total production by the beginning of 1953
to an exceptional^ fast pace. The course of business within
1953 was one of moderate further gains through July and of
gradual downdrift thereafter.
The year's turning point, as shown by monthly series for
personal income, nonagricultural employment, and industrial
production, and confirmed by broader quarterly production
measures, thus coincided with the signing of the Korean
armistice. The entire fluctuation in aggregate activity
during 1953 was of limited magnitude, being restricted to a
2 or 3 percent range in gross national product, national
income, and personal income. Movements in the broad
price averages were still smaller.
The slackening of activity in the latter part of 1953
served approximately to cancel the gains of the first half
of the year; comprehensive measures of income at the year's
end were a little above, and of employment a little below,
their high rates at its beginning.
Decline centered in manufacturing
The downward movement centered in, and was largely
confined to, the commodity-producing industries, which had
also experienced the largest gains during the previous
12 months. In December manufacturing employment,
seasonally adjusted, was nearly 1 million below July, hours
were appreciably shortened, and payrolls and production
were off 6 and 7 percent, respectively. These series were
also below the preceding December. The durable goods
industries, which had shown the largest gains during the
preceding year, were most affected.
In nonmanufacturing industries, in contrast, total employment showed only a slight variation during 1953 and payrolls,
after advancing until July, were stable for the rest of the
year.
Pattern of final demand
From the standpoint of the disposition of production,
it was apparent that the major change during the latter
part of 1953 was in the flow of goods into inventory. The
high second-quarter rate of accumulation was cut markedly
in the third quarter, and before the end of the year had
given way to actual liquidation. Meanwhile, total final
purchases—all components of the gross national product
except inventory change—continued at approximately the
second-quarter rate.
February 1054
Among the components of final sales there were some
variations in movement, particularly as between commodities
and services. Sales of retail stores, seasonally adjusted,
had shown little change from the end of 1952 through July
of 1953. Thereafter sales averaged slightly lower, with some
additional decline at the end of the year." The effect upon
total consumer expenditures of slightly lower commodity
purchases was offset by the sustained rise in service expenditures so that total consumer spending was level from the
second to the fourth quarter.
Private fixed investment eased only slightly in the latter
part of the year, while in the Government sector the reduction in national security expenditures was counterbalanced
by larger purchases of other types, including the continued
advance of purchases by State and local governments.
Exports held up well and, with lower imports, net foreign
investment was rising.
The pattern of final demand suggests that the small
reduction in consumer incomes and the sharper drop in
corporate earnings which derived from reduced inventory
investment were not causing an appreciable secondary
reaction in final buying during 1953. Some additional
evidence is to be found in the continuing stability of com
modity prices, and in the absence in survey results of any
indication that actual business expenditures for plant and
equipment had been reduced below amounts planned earlier.
Drop in inventory investment
The swing in inventory investment itself appears to have
been in part independent of and in part related to the
changing pattern of sales during 1953. The accumulations
of late 1952 arid the first half of 1953 were concentrated in
the durable goods area, particularly in the production and
marketing of automobiles and other metal products.
The rapidity of accumulation was a consequence of the
easing of basic metal supplies, which permitted rapid expansion of production of civilian durable goods from the rates
of 1951 and 1952 and necessitated a corresponding increas
in supporting stocks. The need to make good inventories
of items depleted during the 1952 steel strike—which served
also to delay and concentrate in a shorter time span the
enlargement of production—and the progressive relaxation
and elimination of inventory controls accentuated the inventory movement.
As stocks came into balance with the higher production
and sales rates for civilian durable goods, it was to be
expected that inventory accumulation would diminish. In
actuality, excessive inventories of some of the consumer
durables accumulated, calling for actual liquidation to bring
stocks of these goods into balance.
The stability of retail sales during 1953, following earlier
advances, exerted a more pervasive though less pronounced
influence by eliminating the incentive to augment inventory
holdings to keep pace with rising sales. Additionally, with
most industries able to deliver wide varieties of goods on
relatively short notice in a generally improved supply
situation, the need for heavy inventory commitments was
reduced. As is customary, the desire of retailers to check
accumulation led to a shortening of their order commitments, a reduction in new orders received by wholesalers
and manufacturers, and a weakening in the incentive to
hold inventories at the manufacturing and wholesale levels.
For many manufacturers of durable goods, however, the
greatest change in their new order flow and their unfilled
order position originated with their defense business. New
orders placed by the Department of Defense for hard goods
in 1953 were about one-third their 1952 value, whereas
deliveries increased from $23 billion to $27 billion for the
SURVEY OF CURRENT BUSINESS
February 1054
Trends in Business
PERSONAL INCOME
NONAGRICULTURAL EMPLOYMENT'
320
RETAIL SALES
54
FEDERAL R E S E R V E
BOARD
52
16
1953
280
5
O
to
ct
1953
260
,5
1953
°
^ 48
1952
240
13
AT ANNUAL
220
i
l
l
1952
RATES
!
MANUFACTURERS'
UMFILLED ORDERS
MANUFACTURERS* SALES*
40
NEW CONSTRUCTION
ACTIVITY*
100
4.5
DEPARTMENTS OF COMMERCE
AND LABOR
35
90
4.0
to
cc
30
, 1953
80
1953
\
O
1953
O
O
25
70
20
60
1952'
3.0
2.5
50 I
L
'1952
2.0
BUSINESS INVENTORIES
CONSUMER PRICES
90
BOND YIELDS
120
5.0
BUREAU OF LABOR S T A T I S T I C S
DOMESTIC CORPORATE (MOODY'S)
1953 .
1953
4.5
0
O
M2
80
O
Ci
1953
I
^
3.5
1952
70
3.0
104
i on
65
J
F
* SEASONALLY
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1952
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ADJUSTED
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
54 - 1 - 1
SUEVEY OF CURRENT BUSINESS
February 1954
year as a whole (although they were declining after midyear)
and substantially exceeded new orders.
Although defense-supporting inventories cannot be isolated statistically, the changing course of defense spending
must have contributed to inventory developments in 1953.
In the early stages of the defense program, the expansion
of defense production had necessitated a large buildup of
raw material and goods-in-process inventories in advance of
deliveries. The reductions in deliveries now in process and
in prospect are, of course, small in comparison with the
earlier advances, but should be permitting some reduction
in the value of supporting inventories.
than in 1952. Industrial product groups whose prices averaged lower were chiefly those using agricultural raw materials,
such as rubber products and cotton and wool textiles.
In the closing months of 1953 there was some tendency
for prices of raw materials, including both agricultural
prices and raw and semi-fabricated metals, to weaken in
comparison with the earlier part of the year, and also in
comparison with finished product prices. The effect, however, was insufficient to effect the broad stability of the
price structure as a whole.
Stability of prices
Corporate profits after taxes were higher in 1953 and the
rise was largely reflected in retained earnings, although
dividends were up some from the previous year. The growing impact of accelerated amortization combined with somewhat higher regular depreciation provided additional internal
funds. With about S3 billion more provided by retained
earnings and depreciation than in 1952, and additiona
amounts available temporarily as corporate income tax
liabilities exceeded payments during the year, business did
not require as much additional bank credit as in 1952.
Bank loans underwent little net change over the year, compared with an expansion of $2% billion in 1952 and an even
larger rise in 1951. Net new corporate security sales
amounted to $7% billion in 1953, somewhat lower than in
1952 but above any preceding year.
Prices were generally stable throughout 1953 in both the
consumer and wholesale markets. Prices of some individual
commodities and commodity groups experienced considerable rise or fall, but these changes largely canceled out in
the comprehensive price indexes. Broad price stability was
important in the avoidance of speculation, which in other
recent years had magnified business movements. It was of
particular significance that the incentive for businessmen to
change the size of their inventory holdings to secure gains
or minimize losses from changing replacement costs was
small in 1953 and was not uniform in direction for all products so that the inventory swing was not greatly intensified
by that motivation.
However, with keener competition in commodity markets
some adjustments in amounts paid by buyers were made in
ways other than the lowering of list prices. Freight absorption, special discounts and other concessions were becoming
more common, while payment of premiums above list prices
and use of high-cost conversion metal virtually disappeared.
The 1953 average of the Bureau of Labor Statistics index
of consumer prices was 0.8 percent above that of the previous
year, and the December-to-December change was the same.
The movement was largely accounted for by the continued
rise of consumer service prices and rents, while consumergoods prices leveled out. Hence the divergence, which first
became appreciable in 1952, between the recent trends of
consumer goods prices and prices of services, including rents,
widened further during the year.
In earlier postwar years service prices had lagged behind
those of commodities, so that the recent differential movement
was toward a restoration of earlier relationships. Rent and
medical care which experienced the largest relative increase
in 1953 are considerably lower relative to the prewar period
than are the other major groups.
Financing investment requirements
Money market developments
The rise in interest rates which began in the second half
of 1952 was accelerated in the winter and spring months,
bringing the structure of interest rates to new highs for the
postwar period. In the unsettled money market conditions
prevailing during early 1953, marginal investment programs
were reappraised and, in some cases, planned new financing
was postponed.
Availability of Government-underwritten mortgage funds
with fixed contract rates was adversely affected by the increased yields available from other investments. As a result
the Federal Government early in the year raised the interest
charges permitted on FHA and VA mortgage loans.
Beginning in May, the Federal Reserve Board undertook
to purchase Treasury securities in the open market with a
view to easing money markets. These operations continued
during the remainder of the year, and by year-end approximately $2 billion had been added to Federal Reserve holdings of Treasury securities. In addition, late in June the
Board announced an estimated $1.2 billion reduction in
Changes in Consumer Price Index and Selected Components
reserves which member banks were required to hold against
1953 average as a percentage of
their deposits.
Item
1940
1949
1952
These actions combined with a less insistent demand for
Consumer price index
191. 0 112. 4
100. 8 funds to bring a substantial easing in the money markets,
Food
235. 8 112. 7
98. 3 particularly in the market for short-term funds. Rates on
4 to 6 months prime commercial paper fell to 2}{ percent by
Apparel
197.0 105.4
99.1
Transportation
189. 5 119. 5
102. 7 year-end, somewhat below the rate a ysar earlier and down
Medical care
166. 9 116. 5
103. 5 one-half percentage point from the summer peak. The rate
Rent
142. 8 118. 2
105. 3
on new 3-month Treasury bills declined even more sharply
from an average of 2.23 percent in June to 1.63 percent in
The Bureau of Labor Statistics wholesale price index deDecember, the lowest December average since 1950.
parted no more than 1 point from 110 (1947-49 = 100) all year.
Long-term rates were also affected but much more modThis stability in the index encompassed substantial declines
erately. From. June to late December the yield on the 30in agricultural product prices offset by moderate increases
year U. S. Treasury bond issue of April 1953 fell from 3.3
in the prices of industrial products, which carry heavier
percent to less than 3 percent, and that on long-term corweights in the index.
porate bonds from 3.6 percent to 3.3 percent—slightly above
Prices of industrial products as a whole edged upward
during most of 1953 and averaged a little higher for the year the average for December 1952.
National Income
and Product in 1953
J.HE gross national product which measures the market
value of national output was $367 billion in 1953—5% percent
higher than in 1952. The rise in national income, which is
the flow of labor and property income generated in current
production, was from $291% billion in 1952 to $307% billion
last year. When allowance is made for a small rise in
average prices, the increase in the real volume of national
output amounted to 4 percent. (See table 1.)
Table 1.—Gross National Product, or Expenditure in Constant
Dollars, 1947-53 *
[Billions of 1939 dollars]
Item
1947
1948
1949
1950
1951
1952
1953
Gross National Product
138.6
143.5
144.0
156.2
167.0
172.0
178.6
Personal consumption expenditures
Durable goods _ __.
_ _
Nondurable goods
Services
98.3
12.3
49.5
36.4
100. 3
12.6
49.7
38.0
103.2
12.9
50.7
39.6
108.9
15. 5
51.7
41.7
108.5
13.4
52.4
42.6
111.4
12.9
54. 5
44.0
115.9
14.4
55. 8
45.6
Gross private domestic investment
New construction
Producers' durable equipment
Change in business inventories
19. 3
6.9
11.8
.6
22.7
8.0
12.6
2. 1
18.0
7. 9
11.4
-1.3
27.6
9.2
13.4
5.0
24.3
9 0
13.6
1.7
24.9
9. 4
14.2
1.3
4 8
1. 4
.6
26.8
9.7
13.3
3.8
_ j
2. 0
1. 4
.4
16 1
8.5
7.6
19. 2
10.9
8 2
22. 2
12.9
9.3
20. 7
10.8
9.8
28. 9
is! 9
34. 8
24*5
10.3
37. 4
9.9
128.8
133.7
133. 7
145.7
153. 9
157. 8
164.4
9.8
9.7
10.3
10.5
13.1
14.2
14.2
Net foreign investment
Government purchases of goods and
services
Federal
State and local
Gross private product 2
Gross government product 3
2e!e
10.8
1. Data for earlier years are contained in July 1953 SURVEY OF CURRENT BUSINESS.
Detail will not necessarily add to totals because of rounding.
2. Gross national product less compensation of general government employees.
3. Compensation of general government employees.
Source: U. S. Department of Commerce, Office of Business Economics.
With the rate of inventory accumulation somewhat lower
than in the preceding year, the entire $19 billion increase
in gross national product reflected an advance in final
purchases by consumers, investors, and government. Civilian expenditures were up $17% billion, with national
security outlays increasing by $3 billion. This was in marked
contrast to the situation in the two preceding years when
national security expenditures had accounted for a much
larger part of the total increase.
Within the year, the flow of production, expenditures, and
income reached a crest in the second quarter and receded in
the closing half. National product in the final quarter of
the year was approximately 2 percent below the secondquarter peak, and near the rate attained in the first quarter
of the year. The factors in this shift have been reviewed
earlier, the most important one being the change from a
net inventory accumulation at a $6-billion annual rate in
the second quarter of last year to a reduction at a $3-billion
rate in the final quarter.
Noteworthy shifts also occurred in final demand in the
second half of last year. After rising at a steadily decreasing rate over the course of the preceding 18 months,
national security expenditures showed moderate absolute declines in the third and fourth quarters of 1953. At the same
time, consumer purchases of durable and nondurable commodities also drifted downward. The effect of these declines on total final purchases was offset, however, by advances in other components of national expenditures, as shown
in the chart. Consumer purchases of services and expenditures of State and local governments continued to rise. In
1953 nondefense expenditures of the Federal Government
turned up as a result of farm price-support operations.
Consumer Demand
Consumer spending in 1953 was the highest on record, both
in the aggregate and on a per capita basis. Total personal
consumption expenditures amounted to almost $230 billion,
as compared to $218 billion in 1952. The $12 billion advance
accounted for three-fifths of the increase in the gross national
product.
With consumer prices showing the smallest year-to-year
increase since 1950 (the annual average of nondurable goods
prices actually registered a slight decline for the first time
in several years) most of the rise in dollar value represented
an increase in real volume. This increase, as may be seen
in table 1, was the largest since 1949-50.
Consumer spending closely paralleled the movement of
disposable income, which also advanced by 5% percent—
from $235 billion'in 1952 to $248 billion last year. The
1953 rate of personal saving accordingly remained at about 7
percent of disposable income, approximately the same as in
the two preceding years.
Within 1953, total consumer spending did not change
materially from the second quarter onward, although shifts
occurred among lines of expenditures. An easing in the total
volume of spending for commodities occurred in the JulyDecember period but was offset by the continued rise in
outlays for services.
Autos lead advance in durables
Consumer outlays for durable goods amounted to $30
billion last year as compared with $26% billion in the prior
year. This upswing in durable goods purchases was in
marked contrast to the moderate decline from 1951 to 1952
and was mainly responsible for the relative!}^ larger increase
in total personal consumption expenditure last year.
Automotive expenditures rose to $13/2 billion, the highest
yearly total thus far in terms of dollar value, and second
5
SURVEY OF CURRENT BUSINESS
6
only to 1950 in physical volume. New passenger car registrations last year were about 10 percent below the 1950 peak,
but there has been some uptrend in accessories such as
automatic transmissions and power steering.
|
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Gross National Product advanced
to a new high in 1953
BILLIONS OF DO LLARS
Inventory
investment
was sharply
reduced in the
latter half of
1953, but final
purchases
continued
high...
~
*£*****''•&
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INCREASE IN
INVENTORIES
~
F//V/1i PURCHASES
_
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Nondurables stable
360
340
320
300
280
160
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120
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80
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NATIONAL SECURITY
EXPENDITURES
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CIVILIAN GOVT. -^
(FED., STATE 8 LOCAL J^.
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1953
QUARTERLY TOTALS, SEASONALLY
ADJUSTED, AT ANNUAL RATES
r
;^
OFFICE OF BUSINESS ECONOMICS, U. S. D. C.
54 ~ { ~2
^X^^^^^^^^^^^^^^^^^^^^M^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Expenditures for automobiles and parts advanced from
the opening quarter of 1952 until mid-1953, with the exception of the setback in the third quarter of 1952 that resulted
from the steel stoppage. The declines in the rate of spending
in the latter half of 1953 were moderate. Fourth-quarter
Consumer purchases of nondurable goods advanced by
$2% billion last year, rising to $121 billion. Like the durablegoods group, these expenditures reached a peak in the second
quarter and eased in the subsequent months. The fourth
quarter rate was slightly below that of the corresponding
period a year earlier.
Clothing expenditures coiitined to show relatively little
response to the annual increases in disposable income. At
$20% billion, total outlays for clothing last year were slightly
below the 1952 total and about the same as in 1951. If
allowance is made for the small decline in apparel prices
over the past 3 years, the deflated figures indicate a fractional
advance in real volume during this period.
B}r contrast, expenditures for food and beverages over the
course of the same 3-year interval have risen from $69
billion to $74 billion reflecting largely increased real volume.
These expenditures edged downward in the fourth quarter
of 1953, as food prices dropped moderately.
100
CONSUMER
SERVICES **^
y
i
expenditures were running at a seasonally adjusted annual
rate of $13 billion, about $1% billion below the secondquarter peak but still $1% billion higher than a year earlier
The aggregate of other durable goods purchases was
maintained at $16% billion for the third consecutive year.
This was exceeded only in 1950 when expenditures rose to
$17 billion. Quarterly fluctuations both in 1952 and in 1953
were relatively small. It may be noted, however, that
whereas 1952 ended slightly on the upgrade, with the annual
rate in the fourth quarter about $% billion higher than in the
opening quarter of that year, the situation in 1953 was the
reverse.
380
GROSS NATIONAL
vr*'-'"^
PRODUCT
^^ftsS%~:^*~**t^
"V
X'^'--:''^'*' DECREASE IN ^—
^/"^*>
INVENTORIES
1
f
I
with major
^
components
| showing mixed
^
movements
J
February 1954
Personal consumption expenditures for services continued
to expand in 1953, mounting to $78% billion from $72%
billion in the preceding year. The share of services in total
personal consumption has increased steadily during the postwar period—from about 30 percent in 1947 to 34 percent in
1953, but is still low by prewar standards. This rise has
reflected a larger-tlian-average increase in the composite of
service prices which had lagged behind commodity prices
during the war and early postwar periods. When the price
factor is eliminated the share of services in the total volume
of physical consumption has changed little from 1947 to
1953 and is similar to that in 1929.
There has been an impressive absolute increase in the
real volume of services in the postwar period, much of which
occurred in housing and household operations-—two categories
which were directly affected by the postwar residential
building boom. About 7% million new units have been added
to the Nation's stock of nonfarm dwellings since the start of
1947 in response to backlog needs and expanding housing
requirements. With rents, including the imputed rental
value of owner-occupied dwellings, comprising one-third 01
consumer services, the greatly expanded number of housing
units accounted for an appreciable part of the total advance.
Associated with the housing expansion has been, of course,
a sharply accelerated demand for utilities and related services. The electric light and power industry, for instance,
reports an increase of about 12 million in the number oi
residential customers from 1947 to 1953, with annual consumption per home rising from about 1,450 to about 2,35C
kilowatt-hours over the same period, as a result of the greatly
increased use of electrical appliances and equipment. Aggregate annual consumption of electrical power for home use
has more than doubled over this 6-year period. A similarly
rapid expansion was experienced by the telephone industry
SUKVEY OF CURRENT BUSINESS
February 1954
where the number of residential subscribers has advanced by
ted an unusually fast start on the year's construction. This
almost 12 million since 1947, with 1% million added during
decline was halted in September, and small rises were
1953.
recorded in each of the three final months of the year.
Although the number of privatejy financed units started
Investment Demand
in 1953 slackened during most of the year, the total was
Gross private domestic investment in 1953 totaled $54% about the same as in 1952. A moderate pickup in starts
billion, $2 billion higher than in 1952. The increase occurred
(adjusted for seasonal variation) occurred in the final quarter
primarily in nonfarm producers' outlays for new plant and
of the year.
equipment. Investment in housing was moderately higher
and capital outlays by farmers lower.
Plant and equipment advance
Plant and Equipment Investment
Fixed investment by nonfarm business rose
further in 1953
BILLION D O L L A R S
BILLION DOLLARS
30 -
- 30
20 -
- 20
10 -
- 10
1950
51
52
53
ANNUAL TOTALS
1953*
QUARTERLY TOTALS, SEASONALLY
ADJUSTED, AT ANNUAL RATES
Public utilities showed largest increase from
1952-transportation investment slightly lower
PERCENT
0
ALL
CHANGE, 1952 TO 1953
+5
-HO
+15
INDUSTRIES
PUBLIC U T I L I T I E S
COMMERCIAL
AND OTHER
Certificates of necessity
MANUFACTURING
MINING
TRANSPORTATION
* FOURTH
Nonfarm business capital outlays, as measured by the
Commerce-SEC plant and equipment survey, totaled $28
billion in 1953, 5 percent above 1952. The physical volume
of fixed investment expenditures was also higher in 1953, as
capital goods prices rose only slightly between the 2 years.
This record rate of business investment in new plant and
equipment in 1953 further added to productive capacity.
As a consequence of the sustained growth in productive
facilities during the postwar period pressures upon capacity
have been greatly reduced.
Lowered rates of investment in 1953 were reported by a
few industries. In some of these recent capacity additions
have been especially high. Outlays by a larger group of
industries showed a slowing in the rate of increase. On the
other hand, the improved supply situation enabled companies
in the utility and distributive fields to implement a greater
portion of their still expanding programs.
Plant and equipment outlays by the public utilities in 1953
totaled $4% billion, one-sixth higher than in 1952. Manufacturers spent $12% billion in 1953, or 4 percent more than in
the previous year. (See chart.) Commercial and communication companies also increased their rates of fixed
investment. Among the major industries only the railroads
reduced their rates of capital outlays—by about 5 percent—
while other transportation and mining companies maintained 1952 rates.
Within manufacturing, considerably larger than average
increases in plant and equipment expenditures from 1952 to
1953 were made by the chemic,al, paper, beverage, fabricated
metals, electrical machinery, and nonelectrical machinery
groups. Substantial cutbacks from 1952 rates of capital
outlays were made by the textile and nonautomotive transportation equipment industries. Moderate declines occurred
among companies in primary steel, primary nonferrous metals
and food.
R
£
QUARTER ANTICIPATED.
OFFICE OF BUSINESS ECONOMICS, u. s. D. c.
DATA: O.B. E. 8 S.E.C.
5 4 - 1 -5
Aggregate investment reached a high of $58K billion (at
seasonally adjusted annual rates) in the second quarter
and dropped to a rate of $49 billion in the final quarter of
the year, with inventory investment accounting for practically all of the decline.
Private nonfarm residential construction maintained a
strong pace last year. Total outlays amounted to almost
$12 billion, about $/£ billion higher than in 1952, and stood
second only to the 1950 building peak. A moderate decline
occurred in the seasonally adjusted rate of activity from
the high point in the first quarter, when a mild winter permit-
Work put in place under the accelerated tax amortization
program amounted to over $6 billion in 1953 as compared to
somewhat over $7 billion in 1952. In the last quarter of 1953,
certificates of necessity were being issued at an average rate
of $300 million a month, as compared to an average of $500
million a month in the first 6 months. For the year as a
whole, certificates were granted for about $5 billion of proposed investment.
At the year-end about $20 billion of the $29 billion of proposed * investment under certificates of necessity issued thus
far was in place. The greater part of the remaining facilities
are scheduled for completion in 1954, with the program
tailing off in the 1955-57 period.
Year-end position
Anticipated final quarter expenditures—at seasonally adjusted annual rates of $28% billion—were somewhat below
those in the third quarter but above the first two quarters
of the year. Year-end outlays by manufacturers were about
8
SURVEY OF CURRENT BUSINESS
the same as at the end of 1952 but somewhat lower than mid1953 rates. The decline centered in the durable-goods area—
and more particularly in primary steel and nonferrous metals.
These industries had shown a considerably greater than
average growth since 1950. Investment by motor vehicle
and machinery producers, on the other hand, was quite
buoyant.
Change in Business Inventories
BILLIONS OF DOLLARS
Inventory
additions in 1953
were a little lower
than in 1952 and
considerably
smaller than in
earlier Korean
period
I2
1950
1951
1952
1953
Inventories were
reduced in late
1953 following
substantia I
additions earlier
in the year
February 195-
An important factor affecting the course of inventories it
1953 was the changing role of inventories related to defense
production. ^ The rise in these stocks had accounted for th<
bulk of the increase in business inventories in the 1950-5^
period. As defense programs matured, requirements fo]
related inventories tapered off.
The pattern of inventory investment during early 195.r
was to some extent an outgrowth of developments "during
1952. Following the stoppage in steel production in mid-195$
inventory accumulation proceeded rapidly reaching i
seasonally adjusted rate of over $8 billion'in the fourtl
quarter.
Inventory accumulation continued high during the firsi
half of 1953, reaching a peak of over $6 billion at seasonally
adjusted annual rates during the second quarter. It droppec
to $3 billion in the third, and was followed by net liquidatior
at a $3 billion annual rate in the fourth.
In the earlier part of the year, the major factors in tb(
accumulation of business inventories were the after-effects o
the steel strike, the desire to build up stocks of durable goods
which had been reduced to low levels during the previous
period of production controls, and a generally favorable
demand situation. But the buildup proved too large, anc
in the second half of the year business moved to restore i
better balance in stocks, as well as to adjust holdings o:
particular commodities to a fall in actual and prospective
demand.
The largest changes in inventories during 1953 occurred ii
durable stocks which were particularly affected by the sup
ply and demand factors that have been reviewed. Durable
goods stocks, both in manufacturing and in trade, sbowee
the largest rates of accumulation in the first 9 months of the
year, and also accounted for the largest part of the reductioi
in the fourth quarter. In spite of the fourth quarter liquida
tion stocks of durable goods at the end of 1953 were considerably higher than at the end of 1952. Nondurable goods
inventories also underwent some fluctuation during the
year but their aggregate year-end level did not diffei
significantly from that of the preceding year.
Inventory-sales ratios
-4
I st
Qtr.
2nd
Qtr.
3rd
Qtr.
4th
Qtr.
1953
SEASONALLY ADJUSTED, AT ANNUAL RATES
OFFICE
OF BUSINESS ECONOMICS. U. S. D. C.
Most nondurable-goods industries at the end of 1953 were
at or above investment rates at the start of the year. The
major exception was the textile industry where outlays have
been declining since 1951. The strongest advances in fixed
investment during 1953 were in paper and petroleum products.
Inventory swings
The rise in business inventories in 1953 in the national
product accounts amounted to $2/2 billion. This was somewhat lower than in 1952, and considerably less than in 1950
and 1951. (See chart.) The reduction from 1952 to 1953
was due to inventories held by farmers; investment in nonfarm inventories was unchanged. Manufacturers' stocks
accounted for about three-fifths of the nonfarm inventory
accumulation in 1953, retail and wholesale inventories
accounted for about one-third, while other nonfarm inventories were little changed.
The preceding discussion has been in terms of the change
in the physical volume of inventories expressed in curreni
prices. This may be supplemented by data relating to in
veritory book values (which, in general, reflect historical
acquisition costs) because these are available in greater detai
and are more pertinent for certain types of comparisons.
The most general conclusion suggested by the analysis ol
book values is that inventory-sales ratios have been increasing
somewhat since the first quarter of the year and that owing
to a drop in commodity sales the liquidation that occurrec
in the fourth quarter did not result in a reduction in these
ratios. (See table 2.)
Manufacturing
inventories
As previously noted the bulk of the increase in manufacturing inventories in 1953 occurred in durable goods, while
the level of nondurable goods inventories was about the same
as at the end of 1952. Within the durable-goods group,
primary and fabricated metal companies accounted for twofifths of the 1953 increase in book value. The advance was
particularly pronounced in the fabricated metal group,
especially motor vehicle and other transportation equipment
producers whose production was substantially increased from
1952. In the nondurable group, chemical, petroleum, apparel, and leather producers increased the book value oi
their inventories while inventories of food, textile and other
major soft goods groups were unchanged, or lower.
SURVEY OF CURRENT BUSINESS
February 1954
By stage of fabrication the most notable rise occurred in
finished goods stocks, chiefly of durables. Finished goods
accounted for well over half of the year's increase in total
manufacturing book values. Goods in process, following
the course of manufacturing production, advanced through
April, were steady through July, and then declined in the
Table 2.—Manufacturing and Trade Inventories
[Seasonally adjusted, end of period]
19 53
Mar.
June
Sept.
Dec.
Book values, billions of dollars
75.3
77.1
78.3
80.2
82.0
81.0
38.2
37. 1
40. 1
37.0
41.3
37.0
42.5
37.6
44.1
37.9
43.3
37. 7
Manufacturing
Durable goods
Nondurable goods
42.9
22.7
20.2
44.2
24.4
19 8
44.8
25.0
19.8
46.2
26.0
20. 1
47. 1
27.0
20. 1
46 7
26.8
19 9
Wholesale
11. 1
58
Total
Durable goods
- Nondurable goods
Nondurable goods
11.3
58
5 6
11. 5
6 0
5. 5
11.7
6 0
5 7
12.0
6 2
5.4
5.7
11 7
26 8
19 9
Retail
Durable goods
Nondurable goods
21.2
21.6
22.0
10.3
11 7
22.3
10. 5
11 8
22. 9
10.9
12 0
22 6
10.6
12 0
9.7
9.9
11 5
11.7
Stock-sales ratios
1.72
-
Durable goods_
Nondurable goods
Manufacturing
Durable goods ...
Nondurable goods
\Vholesale
Durable goods.
Nondurable goods
. ._
_ -
_ ___
Retail
Durable goods
Nondurable goods
1.58
1.58
1.60
1.69
1.71
2.21
1.40
Total
1.94
1.31
1.92
1.31
1.98
1.32
2. 14
1.35
2.25
1 35
1.99
2.25
1.76
1.79
1.95
1.63
1.74
1.91
1.56
1.78
1.98
1.58
1 86
2. 12
1 59
1 94
2 32
1 59
1 22
1.98
.86
1 17
1.80
.86
1 21
1.89
.87
1 21
1.90
87
1 29
2.05
92
1 26
1 94
93
1.63
2 29
1.31
1.50
2 03
1.23
1.52
1 98
1 27
1 55
2 05
1 27
1 64
2 24
1 32
1 63
2 27
1 30
Source: U. S. Department of Commerce, Office of Business Economics.
remaining months of the year. Their year-end level exceeded that of 1952. Purchased materials showed a small
increase for the year as a whole.
Trade stocks
The increase in retailers' book values during 1953 was
concentrated in a few major kinds of business with most lines
moving within a narrow range. Inventories held by motor
vehicle dealers accounted for almost three-fifths of the total
increase. The number of new cars in dealers' hands rose
through October from a relatively low level at the beginning
of the year. In November and December stocks were
reduced somewhat but their ratio to sales continued to rise.
Moderate increases occurred in the inventories of furniture
and appliance and general merchandise stores.
Additions to wholesalers' inventories occurred in both
durable and nondurable goods, with the larger increases in
electrical goods and alcoholic beverages.
Import surplus in 1953
A net import surplus of $2 billion on goods and services,
other than those matched by unilateral aid, developed in
1953, as compared with an approximate balance of exports
and imports in 1952. The shift reflected primarily a drop
in exports, with farm products accounting for roughly one
286318°—54
2
9
half of the decline; also merchandise imports were larger.
Imports, however, were reduced in the final quarter of last
year, largely as a consequence of reduced buying of raw
materials.
Government Demand
Government purchases of goods and services, Federal,
State and local combined, amounted to $85 billion last year
as compared with $77K billion in 1952. Federal purchases
at almost $60 billion were about $5/2 billion higher than in
1952. These continued to grow until last summer, reaching
a high of $60 K billion at seasonally adjusted annual rates in
the second quarter, and in the aggregate have shown little
change since then.
National security purchases advanced from $49 billion in
1952 to $52 billion in 1953. The rate of spending for this
purpose in the second half of last year dipped below the
April-June peak of $53% billion, and in the final quarter was
at a $50-billion annual rate.
The reduction in the rate of national security spending
occurred mainly in the domestic procurement of hard goods.
Military payrolls and other current operating expenses of
the defense establishment remained fairly even throughout
the year. A decline in shipments under the foreign assistance
programs in the latter half of the year was a contributing
element, although for 1953 as a whole these shipments were
substantially above 1952.
The increase in the nondefense expenditures of the Federal
Government last year was attributable to the rise in the
farm price-support operations of the Commodity Credit
Corporation. Federal purchases other than CCC outlays
were lower than in 1952 as Federal employment was reduced.
State and local spending rises
State and local government purchases rose to $25 billion
in 1953, up almost $2 billion from the preceding year—about
the same annual advance as the average since 1946. The
trend reflects the process of catching up with the wartime
backlogs of deferred construction, as well as the attempt to
keep pace with the greatly expanded demand for capital
facilities and current services associated with a growing and
more prosperous population.
Wage and salary disbursements amounted to $13K billion
last year and comprised more than half of State and local
purchases. Employment in 1953 showed a further rise of
almost 170,000 persons, about equally divided between
school and nonschool activities. This employment increase
accounted for a major part of the more than $1 billion increase in the total wage bill.
Approximately $7 billion of purchases represented new
construction, with highway development accounting for
more than two-fifths of this amount and school expansion
programs for about one-fourth. Total construction outlays
were about $/£ billion higher than in 1952. In addition
$5 billion was spent for supplies, equipment, and contractual
services—about the same as in the preceding year.
National Income by Industries
All major industrial divisions, with the exception of agriculture, contributed to the advance of the national income
last year. A large part of the total increase in income originated in the manufacturing industries, in marked contrast
to the small advance registered from 1951 to 1952. All other
private nonagricultural industries combined advanced by
the same amount—$8 billion—>as in the preceding year. The
net changes in income derived from each of the major indus-
SUEVEY OF CUKKEXT BUSINESS
10
trial divisions in this aggregate were also similar to those
recorded from 1951 to 1952. (See table 3.)
Although the total flow of income from direct Government activities was up $1 billion, this represented the smallest
advance in the past several years.
Decline in agricultural income
Income in agriculture declined in 1953, continuing the
downward movement initiated in the previous year. As a
consequence of lower farm prices, income originating in agriculture was reduced substantially over the 2-year period.
Table 3.—National Income by Major Industrial Divisions, 1951-53 *
Billions of dollars
Item
1951
1952
1953
Absolute
change,
1952-53
Percentage
change,
1952-53
278. 4
291.6
307.7
16.1
5.5
Agriculture, forestry, and fisheries
Mining
Contract construction
19 9
6.0
14. 1
19.3
6.0
14.8
16.9
6.0
15.2
-2.4
0
.4
-12.6
.3
2.7
Manufacturing
Wholesale and retail trade
Finance, insurance, and real estate
88.9
48 6
22.8
90.6
50.8
25.0
99.8
52.7
27. 1
9.2
1.9
2.1
10.1
3.8
8.4
Transportation
Communications and public utilities
Services
14.9
8. 1
24.3
15.5
8.9
26.0
16.3
10.1
28.0
.8
1.2
2.0
5.3
12.5
7.7
Government and government enterprises
Rest of the world
30.0
34.0
.6
34.9
.7
.9
.1
2.6
7.1
All industries, total
1. Detail will not necessarily add to totals because of roundingj
Source: U. S. Department of Commerce, Office of Business Economics.
On an annual basis, average prices received by farmers
showed a greater decline from 1952 to 1953 than from 1951
to 1952. The most rapid drop, however, occurred during
the year 1952. The smaller decline during 1953, and especially the leveling off in the latter part of the year, reflected the influence of the purchase and loan program of
the Department of Agriculture.
Domestic demand strong; exports lower
An appraisal of the forces leading to the decline in farm
income and prices reveals contributory influences on both the
demand and the supply side. While domestic consumption of
farm products continued upward in 1953, the value of agricultural exports was down for the second consecutive year,
with large declines in cotton and wheat. The full force of the
reduced foreign demand for United States farm products was
not reflected in farm income, however, as larger quantities of
the chief export crops were placed under loan to the CCC.
Increased supply
Another influence leading to the decline in farm prices was
the substantial rise in supply in the past 2 years. The rise
has been considerably faster than the increase in population,
whereas for a number of the immediately preceding years
supply had failed to keep pace with population growth. The
price of farm products on the whole is quite sensitive to
changes in supplies, so that the substantial increase in the
past 2 years has had a depressing effect upon farm prices.
Since influences both on the demand and upon the supply
side are substantially different for crops and livestock, the
recent developments are clearer if they are broken down into
these two groups.
Crop production in 1953 was about as large as in 1952, and
February 1954
appreciably higher than in any other year except 1948.
Physical marketings of crops increased an estimated 7 percent in 1953, reducing somewhat stocks that are unsold on
the farm (i. e., not pledged for CCC loan). The increased
supply, however, did not move readily into consumption.
The decline in agricultural exports, referred to above,
affected chiefly crops and there was a considerable increase
in the movement of crops into Government stocks, including
CCC loans. With prices supported at 90 percent of parity
for a number of crops, total cash receipts from the sale of
crops were maintained at $14 billion, the same as in 1952.
Livestock production was not much changed in 1953—
perhaps a trifle lower than in 1952—but marketings were up
substantially, following an earlier advance in 1952. Increased supplies have, with the exception of dairy products,
moved into consumption at declining prices. The price
decline has been sufficiently large to reduce cash receipts from
the sale of livestock by about 6 percent in each of the past
2 years.
Advance in manufacturing
Income from manufacturing rose by approximately 10
percent between 1952 and 1953. Although this $9-billion
rise compared with a much smaller increase of $2 billion from
1951 to 1952, it did not connote any comparable change in
final demand for manufacturers' output. Actuallyfinalpurchases appear to have increased at very similar rates in both
periods, although there were differences in their composition.
Most of the differential rate of increase in manufacturing
output in the two years reflected changes in the rate of
inventory accumulation in the economy.
The increase in final purchases in 1952 was met primarily
by the marked shift in the rate of accumulation of nonfarm
inventories—the bulk of which originates in the manufacturing sector. With net inventory accumulation reduced
from $9% billion in 1951 to $3 billion in 1952, a substantial
volume of manufacturing output could be diverted to the
rising volume of final demand without any further increase
in production. The comparatively small $2-billion increase
in manufacturers' production in 1952—which reflected in
part the effects of the steel strike—was thus mainly a supplement to this very substantial diversion.
In the 1952-53 period, by contrast, net nonfarm inventory
accumulation remained practically unchanged, taking each
year as a whole. 7Accordingly, the increase in final purchases
of manufacturers products, which was comparable to that
of the previous year, w^as accompanied by the much larger
increase in production shown in table 3.
Variation in activity during period
On a quarterly basis manufacturing activity fluctuated
considerably in 1953. In the latter part of 1952 manufacturing output had mounted rapidly, as purchases of hard
goods for consumer use, business fixed investment, and some
categories of defense expenditure rebounded from the strikeaffected third quarter of that year. Additionally, a large
part of the expanded volume of manufacturers' production
was used to replenish durable goods inventories at all levels,
and to restore stocks to a more normal working balance.
The year 1953 thus began with very high manufacturing
activity. A continued but more moderate rise was experienced during the first half of the year as a result of the combined effects of the sustained high rate of inventory accumulation and the further increase in final purchases.
Income originating in manufacturing leveled off by mid1953, and turned down in the second half of the year. Aside
SUEVEY OF CURRENT BUSINESS
February 1954
from the inventory factor, there were moderate declines in
Federal Government spending for national defense, in consumer spending for autos and for clothing and various other
commodities, and in business outla}7s for some types of producers' equipment.
Rise in other industries
11
The rise in income originating in Government, which is
measured by the compensation of employees, was restricted
last year to State and local government payrolls. Military
payrolls, which led the advance in the past 2 years, were
stabilized, while Federal civilian wages and salaries declined.
Components of National Income
Among the other private industries, communications and
public utilities, services, and finance showed larger-than-
All major types of income except the net income of farm
proprietors increased from 1952 to 1953. Changes were in
general relatively uniform, excepting farm proprietors.
Increase in employee compensation
Wage and Salary Income
Payrolls last year were 7 percent higher than
in 1952. A decline occurred in the commodityproducing industries in the fourth quarter
BILLIONS OF DOLLARS
95
COMMODITY- PRODUCING
INDUSTRIES
90
85
80
Compensation of employees, which comprises nearly twothirds of the national income, rose to $207% billion last year,
$14% billion above the 1952 figure. A downward movement,
confined to the commodity-producing industries and centered
in manufacturing, was apparent in the final quarter. (See
chart.)
Private wages and salaries, which rose from $151 billion
in 1952 to $164 billion in 1953, made up the bulk of the
year's increase. In marked contrast to previous years,
Government payrolls contributed only a billion dollars to
the advance.
About two-fifths of the increment in private nonfarm
payrolls last year \vas attributable to the growth in employment. The increase in hourly earnings accounted for nearly
two-thirds, with the reduction in the length of the workweek
constituting a moderate offset.
75
Employment increases
60
DISTRIBUTIVE
INDUSTRIES
As shown in table 5, full-time equivalent employment last
year was about 2% percent higher than in 1952 with manufacturing industries accounting for almost three-fourths of the
increase. All other major industrial divisions showed moderate employment gains except mining, contract construction, and Government, where small reductions in the number
at work occurred.
Despite the advance in employment in manufacturing for
the year as a whole, sizable reductions occurred during the
third and fourth quarters of 1953. In the durable goods
industries the average number of production workers in the
final quarter of last year was 6 percent below the secondquarter peak, and about 1% percent below the fourth quarter of 1952. (See table 6.) In the nondurable goods industries the corresponding employment average in the final
quarter of last year was 4 percent below the high secondquarter level, and about 3 percent below the fourth quarter
of the preceding year.
55
50
45
30
SERVICE INDUSTRIES
25
20
I5
GOVERNMENT
35
Slight decline in average workweek
30
25
I
I
I
1952
I
J_
_L
1953
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
54 - I
average increases over the preceding year, closely approximating the advances made in 1952. The expansion of income earned in the remaining private industries was more
moderate, and in most cases reflected the slackened pace of
industrial activity in the second half of last year.
The length of the workweek was lower last year than in
1952 in all major industrial divisions except public utilities,
but reductions were generally small. The average factory
workweek has tended downward since the unusually high
fourth quarter of 1952. In December it was about 1% hours
below December 1952 and, after adjustment for seasonal
variation, about 1 hour below the average for the year 1953.
The average workweek for nonagricultural industries as
a whole continued to exceed 40 hours. The principal industrial sectors that were below the 40-hour mark during
the year—mining, construction, and nondurable goods manufacturing—have characteristically had a somewhat shorter
workweek than the all-industry average for the past several
years. In 1953, however, retail trade also ran somewhat
below 40 hours.
SURVEY OF CURRENT BUSINESS
12
February 1954
Table 4.—National Income and Product, 1951, 1952, and 1953
[Billions of dollars]
Quarterly, 1953
Item
1951
1952
Unadjusted
1953
I
NATIONAL INCOME BY DISTRIBUTIVE
SHARES
II
Seasonally adjusted at annual rates
IV
III
I
(2)
II
III
IV
Compensation of employees
Wages and salaries.. _
_
Private
Military
_
Government civilian
Supplements to wages and salaries
_____
Proprietors' and rental income 3
Business and professional
Farm _ _
_
Rental income of persons
Corporate profits and inventory valuation
adjustment _.
_
Corporate profits before tax
Corporate profits tax liability. _
Corporate profits after tax
Inventory valuation adjustment.
Net interest
Addendum: Compensation of general government employees
278.4
291.6
307.7
75.7
77.4
77.1
306.7
310.7
308.1
178.9
169.8
141.2
8.6
20.0
9.1
193. 2
183. 6
151.1
10.4
22.2
9.6
207.6
51.8
49.1
40.8
2.6
5.8
2.6
52.6
50.2
42.1
2.6
5.5
2.4
52.8
50.6
41.9
2.6
6.1
2.3
204. 5
194.5
161.3
10.4
22.8
10.0
208.0
210.4
197.6
164.1
10.4
23.1
9.9
50.4
47.8
39.4
2.6
5.8
2.6
198.0
164.5
10.6
22.9
10.0
200.6
166.9
10.5
23.1
9.8
198.0
164.4
10.3
23.3
9.8
50.7
26.1
15.5
9.1
National income
51.2
26.3
14.8
10.0
49.9
27.0
12.4
10.6
12.7
6.7
3.4
2.6
12.4
6.7
3.1
2.6
12.3
6.7
2.9
2.6
12.5
6.7
3.1
2.7
50.8
27.0
13.4
10.4
49.7
27.0
12.3
10.4
49.1
26.9
11.6
10.6
50.0
26.9
12.2
10.8
42.4
43.7
23.6
20.1
-1.3
40.2
39.2
20.6
18. 6
1.0
42.4
43.2
23.6
19.6
-.8
10.7
10.9
5.9
4.9
-.2
11.3
11.5
6.3
5.2
10.2
10.9
5.9
4.9
-.6
43.8
44.6
24.4
20.3
45.2
45.9
25.0
20.8
-.6
40.7
43.3
23.6
19.6
-2.6
6.4
7.0
7.8
1.9
1.9
2.0
2.0
7.6
7.7
7.9
8.1
27.3
30.9
31.8
8.0
8.0
7.6
8.1
31.5
31.9
31.8
31.8
(2)
2
(2)
(2)
()
.3
(2)
207.7
2
(2 )
(2)
()
(2)
1.0
GROSS NATIONAL PRODUCT OR
EXPENDITURE
329.8
348.0
367.2
89.2
91.1
91.8
95.2
363.9
371.4
369.5
363.5
Personal consumption expenditures
Durable goods
__
Nondurable goods
Services
_ _ _
208. 1
27.3
113.4
67.4
218. 1
26. 7
118.8
72.7
• 229. 8
30. 1
121.2
78.4
54.3
6.7
28.3
19.3
57.0
7.5
29. 9
19.5
56.3
7.4
29.3
19.6
62.2
8.4
33.7
20.1
227.7
230.4
30.2
121.2
76.3
30.7
122.1
77.6
231.0
30.4
121.3
79.2
230.0
Gross private domestic investment
New construction
Residential nonfarm
Other
_
Producers' durable equipment
Change in business inventories, total
Nonfarm only
58.6
23.1
11.0
12.2
24.6
10.9
9.6
52.5
23.4
11.1
12.3
25.4
3.7
3. 1
54.4
25.1
11.8
13.3
26.7
2.5
3.2
15.0
5.3
2.4
2.8
6.3
3.4
3.5
13.4
6.3
3.0
3.3
7.0
.1
.3
14.6
7.0
3.3
3.7
6.8
.7
1.0
11.4
6.5
3.0
3.5
6.6
-1.7
-1.5
54.9
25.0
12.2
12.8
26.2
3.7
4.0
58.5
25.3
12.0
13.4
26.9
6.3
7.0
55.2
24.9
11.5
13.4
27.1
3.1
4.2
48.8
25.3
11.6
13.6
26.5
-3.0
-2.3
Gross national product
29.1
120.4
80.5
.3
Government purchases of goods and services. Federal
National securitv
_
National defense
Other national security
Other
Less: Government sales
State and local
"<
-.2
-1.9
-.5
-.6
.0
-2.1
-2.5
-2.1
-1.0
62.9
41.1
37.4
34.0
3.4
4.1
.4
21.8
77.5
54.2
48.9
46.5
2.4
5.8
.5
23.4
84.9
59.7
51.8
49.8
2.0
8.5
.6
25.2
20.4
14.6
12.9
12.3
.6
1.9
2
5'. 8
21.4
15.1
13.4
12.8
.6
1.9
.2
6.2
21.6
15. 1
13.0
12.6
.4
2.2
.1
6.5
21.6
14.9
12.5
12.0
.5
2.5
.1
6.7
83.4
58.5
51.6
49.4
2.2
7.6
.7
24.9
85.0
60.5
53.5
51.3
2.3
7.6
24! 6
85.5
60.4
52.1
50.4
1.7
8.8
.5
25.2
85.7
59.5
50.0
48.1
1.9
10.0
.5
26.3
254.3
Net foreign investment
269.7
284.5
69.1
71.0
71.4
73.1
281.6
284.4
286.8
285.9
34.6
31.1
3.6
235. 0
218. 1
16.9
36. 6
32.7
3.9
247. 9
229. 8
18.1
12.7
11.5
1.2
56.4
54.3
2.1
7.2
8.7
7 8
.9
62.6
56. 3
6.3
8.0
7 2
'.8
65. 1
62.2
2.9
36. 2
32.3
3.8
245. 4
227 7
~17.' 7
36.7
32.8
3.9
37.0
33.1
3.9
36.6
32.7
4.0
249. 3
24.2
25.7
.9
1. 1
348. 0
27. 0
28. 1
.0
.5
3fi7. 2
89. 2
7. 1
7. 1
(2
91.8
7.4
7. 6
2
95.2
7.5
7.8
.2
(2)
363. 9
28.2
29.3
.9
-1.2
DISPOSITION OF PERSONAL INCOME
Personal income
Less: Personal tax and nontax payments
Federal
State and local
Equals: Disposable personal income
Less: Personal consumption expenditures
Equals: Personal saving
_.._
29.3
26.2
3.2
225.0
208.1
16.9
ilo
63.8
57.0
6.8
247.7
230.4
249.8
231. 0
18.8
230.0
371.4
29 2
30.1
.9
.7
369.5
363. 5
30. 0
30.4
.9
(2)
17.2
19.3
RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME, AND PERSONAL INCOME
Gross national product
Less" Capital consumption allowances
Indirect business tax and nontax liability _ _ _
Business transfer payments
Statistical discrepancy
_ _.
Plus: Subsidies less current surplus of Government enterprises
329.8
.4
.1
Equals: National income
278.4
291. 6
Less: Corporate profits and inventory valuation
adjustment
_..
_.
_
Contributions for social insurance
Excess of wage accruals over disbursements. _ _
42. 4
8.2
.0
Plus: Government transfer payments
Net interest paid bv Government
Dividends
Business transfer payments
11.6
4.8
9.2
.9
Equals: Personal income
__.
. __
- _-
254. 3
.9
—! 5
91.1
7. 3
7. 5
-i:«
i
.0
.0
—.1
307.7
75.7
77.4
77. 1
(2)
40. 2
8. 6
^
12.0
4. 9
9.1
1. Detail will not necessarily add to totals because of rounding.
2. Not available.
iio'. o
42.4
8. 9
.0
1 0. 7
2. 6
.0
11.3
2.3
.0
10.2
2. 1
.0
(2)
12.8
3. 2
1. 1
3 2
!9
2
2. 2
2
2G9. 7
284.5
69.1
71.0
l
.1
29.6
30.2
.9
.4
_ 2
.0
.2
-.3
306.7
310. 7
308.1
(2)
1.8
.0
43.8
9. 0
.0
45.2
9.0
.0
40.7
8.8
.0
(2)
3. 1
1. 1
2.2
2
3. 3
I. 4
2. 7
2
12.6
4.9
9.2
t)
12.6
5.0
9.4
.9
12.6
5. 1
9 6
.9
13. 3
5.2
9.4
.9
71.4
73.1
231.6
284.4
286.8
285. 9
3. Includes noncorporate inventory valuation adjustment.
Source: IJ. S. Department of Commerce, Office of Business Economics.
8. 7
.0
SURVEY OF CURRENT BUSINESS
February 1954
Average hourly earnings advance
The rise in hourly earnings, which was the most important
element in the payroll advance last year, continued in all
major nonfarm industrial divisions. Increases from 1952 to
1953 in most of these divisions ranged from 5/2 to 6% percent.
Hourly earnings in manufacturing industries were up 5%
percent from 1952, and continued to edge upward during the
??•
\ Employment Trends
Civilian employment was higher for the
year as a whole, but off in the fourth quarter
1
M\LUONS
}i
64
^
62
1
industry had shown larger-than-average increases in each of
the two preceding years. The rise in the various service
industries for wrhich data are currently available was about
3K percent.
Mixed trends in proprietors" incomes
The decline in total proprietors7 and rental income from
$51 billion in 1952 to $50 billion in 1953 was wholly attributable to the reduction in the net income of farm proprietors.
The other two major components of this total—nonfarm
business and professional earnings and the rental income of
persons—showed further moderate advances last year which
offset about half of the reduction in the farm component.
The principal factors affecting farm income have already been
discussed. Although nonfarm business and professional incomes at $27 billion were $% billion higher than in the preceding year, this share showed virtually no movement from
quarter to quarter within 1953.
63
;
13
6I
/P5j
^xxx^^ ^^T
Table 5.—Employment, Payrolls, and Average Annual l Earnings by
Major Industrial Division, 1952 and 1953
Number of fulltime equivalent
employees 2
/
i.
fe
-
^*/952
Item
60
Wages and
salaries
(Data in
thousands)
(Millions of
dollars)
Average annual earnings
per full-time employee
Dollars
Percent
change
1
^
1
^
!ji -••
^
ii ,.
^
I
1952
\
1
|r-»—- — *^**""*
\
1
3
-tltN
1953*^
1
1
\
1st
_
\
2nd
3rd
QUARTERLY AVERAGES
OFF CE OF BUSINESS ECONOMICS. U. S. D. C.
3, 331
3, 638
10, 647
3,275
3,753
11,042
1,546
4,078
4,007
1,509
4.395
4,215
-2.4
7.8
5.2
16, 438
9,440
17, 441
9,649
63, 004
31, 775
70, 446
34, 052
3,833
3,366
4,039
3,529
5.4
4-8
1,811
1,880
6,543
7,171
3, 613
3,814
5.6
2,773
2,787
11, 764
12, 220
4,242
4,385
3.4
1,345
6,097
1,384
6,197
5, 1 13
15,301
5,668
16, 499
3,801
2,510
4,095
2,662
7.7
6.1
9,933
32, 527
3.4
33, 515
3,263
3,374
43, 607
44, 982 151, 116 164, 126
3,465
3,649
5.3
41, 590
42, 951 148, 144 161, 223
3,562
3,754
5.4
9,968
Rental income continued to advance with the steadily
expanding volume of housing and other rent-producing properties, and the further rise in rental rates. The 6 percent
increase of last year brought this share up to $10/2 billion.
\
4th
54-1-4
year. In the durable goods industries this process was halted
in the final quarter because of reductions in overtime work
and hence in premium pay. r
In mining the advance w as about 8 percent—more than
sufficient to offset the effects of reduced employment and
hours on the total payroll of the industry. Hourly earnings
in railroads, by contrast, rose by 2% percent in 1953. This
5.0
1. Components will not necessarily add to totals because of rounding.
2. Full-time equivalent employment measures man-years of full-time employment of wage
and salary earners and its equivalent in work performed by part-time workers. Full-lime
employment is denned simply in terms of the number of hours which is customary at a particular time and place. For a full explanation of the concept, see SURVEY OF CURRENT BUSINESS,
June 1945, pp. 17-18.
3. Includes government enterprises and rest of the world.
Source: U. S. Department of Commerce, Office of Business Economics.
MIL LIONS
°
3,599
2, 170
854
2,620
Government 3
_
Addendum:
All private industries
All private nonfarm industries
p
1
3,428
2, 154
892
2, 65?
Transportation
Communications and public
utilities
Services ._ _ _ . .
. _
Unemployment remained low, but increased
in the final quarter
_
54, 915 183, 643 197, 641
1953
Agriculture, forestry, and fisheries
Mining
_ .
_
Contract construction
*"^"**-»»^
\
1953
1952
53, 575
Manufacturing ...
Wholesale and retail trade
Finance, insurance, and real
estate
W52**.
1952-53
1952
1953
All industries, total
HOUR5 PER WEEK
1«
f "
1
1
Average hours worked were not so high,
particularly in the second half
%
1
\
59
Corporate profits rise
Information on corporate profits in 1953 is at present confined to published reports for the first three quarters of the
year. However, by adding to these data an assumption
about fourth quarter profits, a fairly satisfactory basis is
provided for reviewing this component for 1953.
Corporate profits before taxes rose from $39 billion in
1952 to about $43 billion last year, closely approximating
the 1951 total. The quarterly movement of profits paralleled generally the fluctuations in industrial activity during
most of this period. Recovery from the effects of the mid-
SUEVEY OF CURRENT BUSINESS
14
1952 steel strike carried the total up sharply in the fourth
quarter of 1952. The expansion continued at a more moderate rate through the first half of last year. In the third
quarter profits dipped after adjustment for seasonal variation, but remained substantially above the 1952 level. The
reduction of sales and narrowing in margins responsible for
this dip appear to have continued into the fourth quarter.
Percentage margins bolstered to some extent by inventory
profits realized during the third quarter were affected unfavorably in the final quarter of last year by inventory
losses associated with the moderate price decline.
In general, inventory profits and losses have not been a
major factor in overall profit margins since 1951. The corporate profits share of the national income, which excludes
inventory gains and losses has, accordingly, followed the
same pattern as the before taxbook profits, rising from $40
billion in 1952 to $42% billion in 1953.
With the expansion in corporate profits, Federal and
State profits tax liability also mounted from $20% billion
in 1952 to approximately $23% billion last year. Because a
larger percentage of total profits was subject to the Federal
excess profits tax last year than in 1952, total tax liability
increased more percentagewise than did before-tax profits.
Profits after taxes were about $1 billion larger last year
February lt)r>4
than in 1952 and the pre-Korean (1947-49) average, both
of which amounted to $18% billion.
Industrial shifts in 1953 profits
From the first 9 months of 1952 to the correspondingperiod of last year, the most striking advances in before-tax
profits occurred in manufacturing, transportation, and communications and public utilities. Aggregate profits for
these broad industry divisions were about one-fifth higher
than in the first three-quarters of 1952. Available data
indicate increases also for nearly all other major groups.
For most of these groups, the uptrend was checked in
the third quarter, and manufacturing profits declined
significantly.
Both the improvement in the 9 months' totals and
the decline after mid-1953 were widespread among the
various manufacturing industries. In the 9 months' comparisons the oustanding relative increases, ranging from onefourth to one-half, occurred in the metal and metal product
groups, which in 1952 had been adversely affected by the
midsummer steel strike. However, there were also sizable
gains in other manufacturing groups. They approximated
one-fifth in textiles and apparel, tobacco, leather, and stone,
clay and glass. In most of the other industries, increases
from 5 to 10 percent were the rule. The third quarter decline of manufacturing profits was concentrated in durable
goods.
Table 6.—Production Workers in Manufacturing: Employment, Hours, and Average Hourly Earnings
1953 employment
Annual
averaee
(1,000)
Fourth
quarter
average
(1,000)
Percent
change
from
1952
Annual
average
Percent
change
from
1952
Fourth
quarter
average
Percent
change
from IV
quarter
1952
Annual
average
Percent
change
from
1952
Percent
change
from IV
quarter
1952
Fourth
quarter
average
- .
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other finished textile
products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber products
Leather and leather products
4.6
13, 343
-2.1
40.5
40.1
-3,1
$1.77
6.0
SI. 79
4.7
8,031
Ordnance and accessoriesLumber and wood products, except furniture
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment, except
automobiles
_
Automobiles
Instruments and related products. .
Miscellaneous manufacturing industries
7.4
7,774
-1.6
41.2
-.7
40.8
-3.3
1.87
6.2
1. 89
3. 8
152
20.6
151
12.7
41.0
-4.4
40. 5
-2.9
1.90
5.6
1.93
699
320
459
1. 123
935
1, 271
905
-2.0
3.6
2.5
8,0
10.0
.6
12.1
681
310
457
1,080
903
1,207
886
-5. 5
— 5.2
-1.0
— 1.4
— .5
40.5
40.8
40.8
-2.4
-4.0
-1.9
-4.1
-.1
-4.4
1.6
40.8
40.9
40.9
40.9
41.7
42.3
40.8
'.2
-1.2
t?:i
41.9
3.9
5. 5
7.5
8.4
5.7
5.4
4.8
.60
.56
.75
.08
. 87
.99
.78
i
;
.6
4.0
5.4
4.0
4. 5
4.7
4.7
739
774
242
9.6
19.6
6.1
713
242
.4
-2.2
2.1
41. 1
41. 1
41.4
414
9.8
422
3.2
4.9
40.4
-'I
— 2.3
-3.3
1.60
1.54
1.73
2. 06
1.84
1.96
1.75
-2.8
1.5
40. 5
40.7
41.4
-4.3
-4.2
-2.8
2. 00
2. 14
1.78
5.8
4.4
3.5
2. 05 i
2. 17
1.81 i
5. 1
1.9
2. H
40.8
—.5
40.9
— 2.9
1. 57
4. 7
1.60
;
4. fj
0
39.2
-2.7
1.61
4.5
1.63
4.c
=11
5. 9
6.0
-5.7
1.61
1.24
1.37
1.64
1.24 '
1.37 i
6. r
6. f
(
!
J
!
;
5,619
1.0
5,569
-2.8
39.5
1, 120
96
1, 102
-.6
-2.0
1,140
104
1,057
— 1.1
-6. 3
-7.4
41.3
38.0
39. 1
-~LO
0
41.4
38. 9
38.3
1.090
444
2.2
5.0
1,076
450
-2.8
3.2
36. 4
43.0
-.3
5
35. 8
42.9
-3.8
-2.3
1.33
1.69
2.3
5.0
1.36 !
1. 72
3. !>
4. i
503
515
187
215
347
1.8
512
508
184
205
332
1.4
-1.9
-2.1
-5.1
-6.5
38.9
41.4
40.8
40.3
37.7
,3
.5
39.0
40.4
40.6
39. 3
36.5 |
-l!9
2.20
1.82
2.22
1. 93
,.,7
4.8
6.4
6.2
5. 5
3.8
2.22
1.85
2.26
1.92
1.38
3.:
6.:
4.'
3.1
2.1
A
2! 2
3.4
1.2
Source: Bureau of Labor Statistics, U. S. Department of Labor.
Percent
change
from IV
quarter
1952
Average hourly earnings in 1953
13, 650
Manufactures
Durable goods
Nondurable goods
Hours worked per week in 1953
-LO
-1.8
-5^3
-5.2
!
!
1
!
Production and Trade
i
NDUSTRIAL production as measured by the Federal Reserve index was 8 percent higher than in 1952. Most of the
increase in output in 1953 was available for the civilian economy. Shifts in the composition of defense production from
1952 to 1953 resulted in reductions in output for some lines
which were somewhat more than offset by increases in others
so that on balance the aggregate volume of defense goods was
slightly above 1952. Defense still required a substantial part
of industrial production though not quite up to the roughly
15 percent of the total so utilized in 1952.
Within the year, production rose during the first half, continuing the advance, although at a slower rate, which began
in midsummer of 1952 following the settlement of the labor
dispute in the steel industry. In the second half, output held
steady through August and then drifted slowly downward to
a year-end rate about 7 percent below its earlier high and 4
percent below the fourth quarter of 1952.
The production cutbacks were accompanied by layoffs of
factory workers, a reduction in weekly hours of work, and
moderate pressure on some raw material prices.
The year witnessed the turning point in the materials situation, especially for the metals which had been in relatively
short supply in the preceding 2 years. By the end of the
second quarter of 1953, supplies had in general caught up
with demand. This resulted in the lifting of virtually all
Government controls over prices and materials which had
been in effect in varying degree during most of the period of
the defense buildup.
Supplies of materials
Supplies of raw materials were produced in record volume
and provided the basis for the large expansion achieved in
industrial output from 1952 to 1953. In 1952 overall
supplies were greatly reduced mainly because of the loss
of steel production resulting from the midsummer work
stoppage in steel mills. The enlarged volume of supplies
available for the domestic market in 1953 resulted from a
considerable expansion in output from domestic sources
and from increased imports and reduced exports.
The steel industry turned out a record 111.6 million short
tons of raw steel. An equally impressive tonnage of finished
steel products moved into consuming channels. The total
of 80 million tons of finished steel was nearly 2.5 million
higher i>han in 1951, and 22 million more than the best
wartime year. Towards the end of the year, however, some
of the important metal consuming industries placed fewer
orders for steel as production schedules in some of the steel
fabricating industries were trimmed and inventories reduced.
The steel mill rate in the final quarter of 1953 averaged
slightly below 90 percent of rated capacity as compared
with approximately 100 percent in the first half of the year.
Production of aluminum increased steadily through
September and then held at the high rate. Aluminum
supplies, augmented by substantially higher imports, were
more than half again as large as in 1952. Supplies of other
nonferrous metals also expanded owing mainly to a larger
flow from foreign sources. Mine operations for lead and
zinc were depressed whereas copper output was about the
sanie as in 1952.
Outside the metals groups, supplies available for domestic
consumption generally expanded, with paperboard and some
of the industrial chemicals which maintained operations
at a high rate throughout the year showing the most significant gains. The higher volume of paperboard production
may be attributable to some extent to technological advances
which have brought steadily increased uses for these
materials.
Overall consumption of materials exceeded all previous
years. For many commodities, however, the rate of utilization—particularly in the latter half of the year—fell below
production so that suppliers' stocks increased both in the
quantity held and in relation to consumption.
Output higher
The expansion in manufacturing activity in 1953 was
notable in the heavy industries which produce most of the
equipment for the defense buildup and the large capital
investment programs. The increase of 13 percent in durable
goods production from 1952 to 1953 contrasts with a rise
of somewhat less than 4 percent in the nondurable goods
segment. Minerals production advanced at a somewhat
slower rate.
Table 1.—Expansion of Basic Facilities
Indicated capacity
Product
Steel ingots and steel for castings _
Jan. 1
1950
Jan. 1
1953
Jan. 1
1954
Goal
1954-56
Thous. sh. tons _ 99, 393 117,547 1 124, 300
1.485
1,770
7, 639
8,100
8,340
Thous. sh . ton s _ 25,500 j 28,500
Aluminum, primary
29, 300
29, 700
do
720 | 1,250
!
Petroleum refining
Thous. bbls. per dav--
Paper and board
0, 696
Sulfur ic acid _ _ _
._ _._ _.,_
do
Electric power
...
Thous. kilowatts .- 63, 100
_ _ ___
13, 500
1
14. 560
16, 300
18, 200
82,117
92, 000
116,000
Sources: Electric power, Office of Defense Mobilization; all others, U. S. Department of
Commerce, Business and Defense Services Administration.
Especially striking were the large increases in output of
all of the metal working industries among the durables and
rubber, paper, chemical, and petroleum products among the
nondurables. For other industries the gains were quite
moderate. In textile and apparel mills and in the leather
products industry activity was about the same or only a
shade higher than in 1952.
15
SURVEY OF CURRENT BUSINESS
16
The gradual decline in industrial production in the closing
months of the year was reflected in both durable and nondurable goods industries. The extent of the decline, however, varied considerably among the major industry groups.
Output in some industries in the fourth quarter was maintained at or close to peak rates; for a large group the decreases
were moderate, generally under 6 percent, while in a few
industries production declined 10 percent or more.
Substantial gains in output in the durable goods industries
for the year as a whole were shown for primary metals,
machinery, and transportation equipment, including motor
vehicles. Output of these industries was influenced by the
continued large volume of defense work.
Production of machinery increased during most of 1953
with the electrical segment showing greater strength than the
nonelectrical group. In a few machinery lines, such as farm,
tractors, and certain types of industrial equipment and office
machines, operations were at reduced rates during a large part
of the year. In the machine tool industry—a key segment
within the machinery group —shipments reached a new peak
but the industry has been cutting into its backlogs as new
civilian business, although large in volume, has not been
sufficient to offset the drop in defense orders.
As a result of the combination of a high rate of shipments,
and a reduction in incoming orders particularly in the closing
months of the year, backlogs of the metal fabricating industries as a whole declined 15 percent during the course of the
year. A part but not all of the fall in new orders and backlogs
was due to the decline in military buying.
Activity in plants producing both military and civilian
type aircraft, aircraft engines and related parts, as represented by maiihours worked, was substantially higher than in
1952. Unfilled orders in this industry are still very large.
February 1954
On the other hand, shipbuilding yards were less active
than in 1952 reflecting a marked slowdown in new business
and the working off of defense and civilian orders for new
ship construction.
Production of freight cars was slightly higher whereas
locomotives declined from 1952 to 1953. Backlogs in this
industry are now much lower than they were at the beginning of 1953. The dieselizatioii of Class I railroads has made
great strides in the postwar years as indicated by the fact
that on January 1, 1954, nearly 23,000 diesel-electric locomotive units were in service, handling roughly three-fourths
of the freight and close to seven-eighths of the passenger and
switching operations on railroads. At the end of 1945, less
than 4,000 units were in use.
Higher output of consumer durables
Production of major consumer durable goods, as measured
by the Federal Reserve index with 1947-49 as the base year,
increased one-fourth from the relatively low volume of 1952
when materials controls and supply difficulties restricted
output in some important lines. Increases in production
were registered for most products 1 but the sharp gain in
assemblies of passenger cars accounted for the bulk of the
large rise in the total index. Although the decline in most
segments of manufacturing which developed in the closing
months of the year was relatively moderate, the adjustment
in output of major consumer durables started earlier and
was more pronounced, with the rate of production in the
1. Sources of data shown in chart are as follows: Freezers, dryers, refrigerators, electrical
merchandising; air conditioners, Air-Cpnditioning and Refrigeration Institute; tele vision sets
and radios, Radio-Electronics-Television Manufactures Association; passenger cars, Automobile Manufacturers Association; and washing machines, American Home Laundry Manufacturers' Association.
Consumer Durable Goods Output
increased in 1953, with some products at new peaks, and ...
MILL IONS
1.6
1.6
F'RE E21ERS
( FARNi t> ND HOME)
1.2
AIR CONDITIONERS
(ROOM)
r
™
-
8
-
.4 -
0
l
rv
SIETS
(ELECTRIC AND GAS)
6 -
1.2
1.2
.8
Ml _LIONS
8
MILLJONS
1.6
DRYERS
MILlJONS
-
.4
1
1
1
!
.4
1
0
4
.8
-
-
~
"
-
0
2 -
~
0
others, though up frcDm 195 2, still below the rec ord vo !ume of 1950
8
F>AS SE:NG EF?
16
8
8
c AFIS
REFRIGERATORS
6
(HOUSEHOLD, ELECTRIC
AND GAS)
RADIOS
rr^
6
4
12
4
6
4
WASHING MACHINES
(HOUSEHOLD, ELECTRIC)
8
—:
2
-
-
0
~~
i—|
-
0
1950 51
52
53
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
2 -
-
51
52
53
HOME
4 -
~
0
0
1950
AUTO
11-
—
2 -
PH
1950
51
52
53
1950
51
52
53
54 - -7
February 1054
SURVEY OF CURRENT BUSINESS
final quarter substantially below the October-December 1952
period. The declining trend in production of household durables which was particularly sharp contributed largely to
the overall drop in the index.
The automobile industry, which completed its second best
year, set a fast pace until the final quarter of 1953 when
model changeovers and assembly line closings for inventory
adjustments slowed down plant operations. The year's
production performances resulted in a turnout of over 6.1
million passenger cars and 1.2 million trucks, a total of 7.3
million units, an increase of 1.8 million over 1952. In 1950
'>ver 8.0 million cars and trucks were produced.
For major consumer durables other than autos, production declined after the first quarter with the rate of output in
the October-December period not only substantially below
the first quarter rate but well below the average for 1952.
The cutback in output was particularly pronounced for some
of the old established household appliance lines. Despite
17
the downtrend, total output of appliances and radios and
television sets was substantially higher in 1953 than in 1952.
Many of the relatively new lines continued to move ahead.
Room air conditions hit volume production increasing nearly
threefold over 1952—from 360,000 to nearly 1.1 million units.
The expansion in output of television sets in 1953 was
aided by the addition of well over 200 new reception areas
placed in operation during the year. Despite this favorable
development production remained moderately below 1950.
The demand for television receivers slackened appreciably
in the final months of the year. The increase in the number
of radios produced reflected largely the expansion in the auto
type sets. Total output of the radio-electronics-television
industry, as measured by the value of manufacturers sales,
reached $5 billion, an increase of $1 billion over 1952. Defense production, consisting chiefly of electronics equipment,
accounted for approximately one-half of the total.
Agricultural Production
THE YEAR 1953 was one of large aggregate output of farm
products, about equal to the record year 1952. The total
volume of commodities reaching the market or going under
jan to the Commodity Credit Corporation rose to a new
high as marketings were somewhat larger than actual proluction during the year. Government-held stocks including those pledged for price support loans, rose substantially.
Production controls to be effective in 1954, were reimposed
upon major crops which account for about half of total
acreage harvested.
Crop production was nearly as high as in 1952 and was
otherwise exceeded only in 1948. Though there were periods
3f unfavorable weather conditions which led to considerable
abandonment of acreage planted, average yields on acreage
harvested were equal to the previous high in 1948. Total
acreage planted was slightly above 1952 and the average for
the preceding decade but, because of increased acreage losses,
harvested acreage was down somewhat. Pastures were
severely affected by widespread drought in the summer and
Fall months, and increased feeding of hay and concentrates
was required in the affected areas. Emergency measures
were taken to provide for movement of livestock out of
drought areas and for inshipments of feed, which was in good
supply for the country as a whole.
Carryover increase
Cotton production rose to 16.4 million bales, the second
largest crop produced since 1937. In each of the past 3
years production has exceeded 15 million bales. Meanwhile
exports have dropped off. Carryover increased from 5.6
million bales at the beginning of the 1953-54 marketing
season to an estimated nearly 10 million at the end of the
season.
Wheat production was only moderately lower than the
near-record crop of 1952. Exports have declined substantially. As a consequence, the carryover of wheat has risen
from about 250 million bushels in mid-1952 to an estimated
800 million bushels at the end of the current season. With
controls in effect, the winter acreage seeded in the latter
part of 1953 was one-fifth smaller than a year earlier.
Feed grain production was moderately lower in 1953 than a
year earlier, but a considerable reduction in feed consumption
by livestock was accompanied by a rise in stocks. Corn
Table 2.—Volume of Farm Marketings and Home Consumption *
[1947-49 = 100]
Per capita
Total
Year
All comAll comAll
All
All crops livestock modities All crops livestock modities
1920
62
1930 , .
.
.
..
1935
1940
1941
1942
1943
194*
1945
194f>
1947
1948
1949
1950
1951
1952
1953 -
_
.
. _
-.
_. -
.. .
.
-. .--..
65
64
85
89
72
70
85
91
89
69
..
67
75
72
82
89
86
61
1925
88
70
66
7Q
80
76
74
76
83
81
87
84
86
95
104
107
80
82
90
94
99
82
84
90
87
92
93
94
103
111
113
89
90
98
101
105
89
87
96
98
106
106
104
103
97
101
99
97
100
97
103
93
90
98
98
104
111
107
104
97
99
104
101
102
97
101
96
94
97
104
102
104
108
113
99
101
104
109
93
89
91
95
98
98
100
103
96
96
97
100
1. Index of volume of farm marketings and home consumption supersedes the series on
volume of agricultural production for sale and for farm ho ne consumption.
2. Indexes for 1953 are based on calendar-year quantities estimated as of Jan. 15, 1954.
Sources: U. S. Department of Agriculture, Agricultural Marketing Service. Per capita
calculations based upon population data from Bureau of the Census.
stocks are unusually large with the supply of other feed
grains below average. Movement of feed under loan was
considerably larger in the fall of 1953 than a year earlier.
Tobacco production was lower in 1953 than in each of the
two preceding seasons, both years of large crops. Oil crops
SURVEY OF CURRENT BUSINESS
18
were also down as drought cut yields of soybeans. Output of
truck crops and vegetables was higher than in other recent
years. The potato crop was up substantially from the small
harvests of the past 2 years.
Though crop production was slightly lower in 1953 than in
1952, marketings of crops rose an estimated 7 percent. If
adjustment is made for population growth, as shown in table
2, crop marketings per capita have risen in the past 2 years,
though they are not above the early postwar years.
Exports have declined substantially, however, narrowing
the market for crops as a group. This lower demand has been
accompanied by an increase in the flow of commodities
under price support loan and purchase programs which has
sustained cash receipts from crops. Thus, estimated cash
receipts from crops were about $14 billion in 1953, the same
as in 1952 and higher than in any earlier year. Approximately one-fourth of this total, however, represented government loans and purchases for price support purposes. Since
production of a number of principal crops is considerably
Table 3.—Cash Receipts from Farm Marketings Including CCC
Loans
February 1954
Agricultural Developments in 1953
INDEX, 1947-49=100
I 20
The volume of
farm products
marketed
increased...
VOLUME OF FARM
MARKETINGS
1 1 0
100
90
80
INDEX, 1947-49 = 100
domestic
consumption
continued
to rise ...
I 20
CIVILIAN FOOD
CONSUMPTION ^ ^
1 1 0
[Billions of dollars]
Total
Year
1948
1949
1950
1951
1952
1953
__
_
.
--_
100
-_-
_
30.2
27.9
28.3
32.8
32 4
31.1
Crops
13.1
12.6
12.4
13.2
14 0
14.0
Livestock
and
products
17.1
15.4
16.0
19.6
18.4
17.1
90
INDEX, 1947-49 = 100
but exports
were lower...
125
100
m-
Source: U. S. Department of Agriculture.
above current and prospective consumption requirements,
the Secretary of Agriculture has requested a substantial
reduction in acreage in 1954, invoking acreage control
programs. The restrictions will be applicable for the 1954
crops of cotton, corn, and wheat, in addition to peanuts and
tobacco which were also restricted in 1953.
PHYSICAL QUANTITY OF
AGRICULTURAL EXPORTS
50
- 25
Fewer livestock on farms
For livestock and products, the volume of marketings
has shown a somewhat larger increase than in the case of
crops in the past few years. As shown in the accompanying
table livestock and products marketings were appreciably
higher in 1953 than in any earlier year. On a per capita
basis, they were higher than in any other recent year although
somewhat lower than in a few years during and immediately
after World War II. With the increase in volume of
marketings in the past 2 years, there has been a greater
percentage decline in prices, so that cash receipts from livestock and products have declined each year, falling from
$19.6 billion in 1951 to $18.4 billion in 1952, and to $17.1
billion in 1953.
Both the increase in marketings and the decline in cash
receipts have been most substantial in the case of beef
cattle. The decline in receipts from the sale of beef cattle
during the past 2 years has been as large as the decline in
all cash receipts from farm marketings. During the past
year there has been a downward adjustment in the number
of steers on farms, and particularly in the number placed
on feed, pointing to some letup in the marketing of fed
cattle.
Hog production and marketings in 1953, on the other
hand, were at a low point for the postwar period. In each
of the past 2 years the size of the pig crop has been cut back
75
BILLIONS OF DOLLARS
4.5
Government financed stocks
rose,, and ...
CCC LOANS AND
PURCHASES
/
3.0
1.5
INDEX, 1910-14 = 1
prices
declined
350
300
250
* PRICES RECEIVED
BY FARMERS
200
150
1948
1949
1950
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
1951
1952
1953
February 1954
SUEVEY OF CUREENT BUSINESS
about 10 percent. In 1953, about 82 million pigs were
saved, the smallest crop in several years. The number of
hogs on farms in December of 1953 was one-fifth lower than
a year earlier, though farmers reported that they were
breeding somewhat more sows for spring farrowing in 1954
than the small number of a year earlier. With the decline
in hogs marketed there was a more than proportionate rise
in prices and cash receipts were higher in 1953 than a year
earlier.
Dairy output rose about 4 percent from 1952 to 1953,
which is the largest annual change since the beginning of
*rorld War II. Only the drought, which damaged pastures
severely beginning in the summer months, prevented a
19
larger rise. Most of the increase in output went into
manufactured dairy products with rises of about one-tenth
in cheese, one-fifth in butter, and two-fifths in nonfat dry
milk solids. Purchases of each of these products for price
support purposes were large during most of the year, easing
up only in the early fall months. During the year the
Commodity Credit Corporation purchased about one-fourth
of total butter and cheese production and about one-half
of nonfat dry milk output. Total cash receipts from dairy
products during 1953 were moderately lower than in 1952.
Poultry and egg production were about the same in 1953
as a year earlier, but prices averaged higher and cash receipts
were about 10 percent above those of 1952.
Construction Activity
CONSTRUCTION activity in 1953 set a record in both dollar
and volume terms. Aggregate expenditures were almost
135 billion, 7 percent more than the value of work put in
place in 1952. Outlays of business, Government and individuals were all higher than in 1952; farmers were the only
important group spending less than a year earlier.
Increases reflected such factors as favorable business and
personal income, continued progress in the defense program,
improvement in supplies, and the continuance of backlogs of
demand.
Unlike the immediately preceding years, activity was no
longer limited by material shortages or by Government credit
restrictions which were aimed at reducing the physical volume of less essential construction and increasing public and
private facilities required for the Korean defense effort.
Output of building materials rose more than 5 percent above
the 1952 average to a postwar high.
Construction costs, as measured by the Department of
Commerce composite index, increased some 2 percent over
the 1952 average, with w^age rates up somewhat more than
materials prices. Wage rates in the building trades rose
during the year but a softening in lumber prices caused
average building material prices to edge off after July while
overall costs remained level after midyear.
Private construction outlays in real terms, after declining
about 10 percent from 1950 to 1952, rose more than 5 percent
in 1953. Real public outlays advanced slightly above 1952
after having increased by more than a third in the two
previous years.
As the lower panel of the chart shows, there was a slight
decrease in total dollar value of activity in the second half
of the year—after usual seasonal allowances are made—
although aggregate work put in place in the final quarter of
the year was virtually as high as the average for the year.
This easing is traceable primarily to reduced expenditures
for public construction, which decreased 7 percent between
the first and second halves. In the private area a small
drop in private residential activity was almost wholly offset
by higher nonresidential expenditures.
Residential starts exceed one million
Work put in place on privately built houses in 1953 totaled
almost $12 billion, 7 percent more than in 1952 and close to
the record outlays of 1950. The large volume of activity was
due basically to the continued high rate of household formation and the sustained large flow of income. The mild
weather of the 1952-53 winter permitted a relatively large
number of houses to be started in the early months of 1953
and this influenced the pattern during the year.
Table 4.—New Construction Activity
Millions of dollars
Percent change
Type of construction
19601953
19521963
1950
Total new construction
1952
1953
28, 454
30, 895
32, 638
34, 843
22
7
21,454
_.
Total private - _ _
Residential
Other private
Nonresidential l
Industrial
Commercial
Other i
Farm construction _. _ _
Public utility
1951
21, 564
10, 973
10, 591
5,216
2,117
1, 371
1, 728
1,646
23, 615
11, 905
4,439
10
—6
32
49
110
39
16
-10
33
8
3,729
21, 812
11, 100
10, 712
5, 099
2, 320
1,137
1, 642
1,610
4, 003
—4
58
8
—8
11
9,331
595
1, 833
10, 826
654
3, 055
1, 146
3, 552
1,113
11. 228
554
3,081
2, 559
3,911
1, 123
60
61
668
18
33
—3
4
-15
1
4
10
1
12, 600
8, 854
3,889
_. _
Total public
__
Residential
Military and industrial-- Other nonresidential
Highway, water and sewer _ All other public
1, 062
1,288
1,539
1, 635
3,330
-
7,000
345
401
2, 160
2, 931
1, 163
2,523
3,234
2,452
11,710
5,796
2,226
1,791
1,779
1,475
9
14:
1. Includes "all other private construction."
rfource: U. S. Department of Commerce, Business and Defense Services Administration.
The trend toward home construction in outlying areas
of cities continued in 1953. Approximately 50 percent of
the private housing units were started outside of urban areas,
in contrast to an average of 43 percent from 1946 to 1950 and
48 percent in 1951 and 1952. This movement of population
and home construction has been a powerful stimulus throughout the postwar period to investment in roads, utilities, and
commercial and related nonresidential construction, which,
as noted below, experienced sizable increases over the year.
The trend to more expensive housing also continued
through 1953. Last year the average unit cost of private
one-family houses again outstripped the rise in construction
costs; the differential reflects primarily the larger housing
units being built to accommodate growing families and to
satisfy the demand for better housing stemming from increased family incomes.
20
SURVEY OF CURRENT BUSINESS
Close to 1.1 million private nonfarm units were started last
year, about the same number as in 1952 but about one-fifth
lower than in 1950. This was the fourth successive year of
more than 1,000,000 private starts.
In terms of the movement within the year it appears that
private housing initiated reached a high point of 1.2 million
in the first quarter—on a seasonally adjusted annual rate
basis—dropped to just under a million in the third quarter,
but picked up in the closing three months to about the same
average for the year as a whole.
earlier years when the Veterans' Administration loan market
was receiving Federal support through mortgage purchases
by the Federal National Mortgage Association, funds for
such support in 1953 were for the most part limited to
special programs and were not available for the general
mortgage market.
New Construction
Construction in 1953 totaled $35 billion
Home mortgage debt increased
Reflecting primarily the higher value of residential const ruction, mortgage debt on 1- to 4-family nonfarm houses
increased by almost $7 billion in 1953, about $1 billion more
than the rise in 1952. Outstanding mortgage debt amounted
to $65 billion at the end of 1953. Over the postwar period
generally, the servicing of this debt was aided by the sustained large volume of income earned by individuals and the
relatively favorable terms of postwar mortgage financing.
Availability of Government underwritten financing was,
however, somewhat restricted in the more recent period by
general money market developments—and conventional
mortgage debt has been rising more rapidly. The rise in
general long-term interest rates which began in the latter
part of 1952 and which continued at an increased pace in the
early months of 1953 placed Government underwritten mortgages with fixed contract rates under some competitive
disadvantage.
These contract rates were raised early in 1953, from 4 percent to 4% percent on Veterans' Administration loans, and
from 4% percent to 4% percent (gross return to lender) on
Federal Housing Administration loans. With interest rates
in the general money market tending downward after midyear, the combined influence of these changes tended to
improve the attractiveness to lenders of the Governinentunderwritten loans, which typically involve more liberal
terms of financing and hence have more appeal to the
prospective house purchaser.
The total value of Federal Housing Administration and
Veterans' Administration mortgage loans made in 1953
amounted to $5.4 billion, or slightly more than one-quarter
of total home mortgage recordings in the year. This volume
of loans was close to the peak reached in 1950, when Government-underwritten new mortgages represented approximately one-third of the total. Over the latter part of 1953,
there appeared to have been some improvement in the
relative position of VA-FHA-type mortgage lending, as these
loans accounted for almost 30 percent of total recordings.
Although mortgage debt has risen rapidly in the recent
period, the indebtedness does not appear to have resulted
in major servicing difficulties. Fixed servicing charges—
principal and interest—in the aggregate represented in 1953
a somewhat larger portion of disposable income than in
1952. These charges are still not especially high in historical
perspective, particularly if allowance is made for the underlying trend to homeownership and hence to greater longterm indebedness on the part of the public. In this connection it may be noted that while mortgage debt expanded
rapidly in recent }Tears, homeowners equities have likewise
risen not only because of the generally upward trend in
prices of residential units but because of regular repayments
on principal which are now the rule in residential real estate
markets.
At year-end 1953, the position of the Federal Housing
Administration contract rate relative to yields on long-term
United States Treasury bonds was similar to that of mid1952, while the new contract rate on Veterans' Administration loans was somewhat higher relatively. In contrast to
February 1054
with all major types above 1952
BILLIONS OF DOLLARS
TOTAL CONSTRUCTION
30
20
I960
1951
1952
ANNUAL
1953
TOTALS
Activity continued high in second half with
public construction showing some slackening
40
30
-
20
-
10
-
1952
I
1953
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
Nonresidential construction
Private construction other than residential showed the
firmest tone last year of any of the major segments, with
activity rising almost 10 percent above 1952. Changes
within the group, however, were mixed.
Industrial construction was 4 percent below 1952 and
exhibited a declining trend throughout the year. The
fourth quarter seasonally adjusted rate of expenditure was
about one-sixth lower than the first quarter rate. The reduced outlays are attributable to the advanced stage of the
defense expansion program, particularly in the case of
manufacturing industries such as primary metals, which
experienced very sizable increases in expansion outlays following the outbreak of the Korean hostilities. Despite the
February 1954
SURVEY OF CURRENT BUSINESS
easing in industrial construction in 1953, activity at the end
of the year was still large-—the fourth quarter adjusted rate
being some three-fifths higher in real terms than the 1950
rate of activity.
Outlays by public utilities, on the other hand, rose 10 percent in 1953 and, in contrast to the industrial sector, remained on a high plateau in the second half of the year. Increases over 1952 were general for all major sectors within
this group.
Commercial construction increases most
Commercial construction, which had been limited in 1951
and 1952 by restrictions on the use of scarce materials and
credit regulations, increased sharply last year. Activity
was almost 60 percent over 1952 in current dollars. The
movement \vithin the year continued the rise from the low
point in the spring of 1951; the seasonally adjusted annual
rate in the fourth quarter was two-fifths above the first
quarter rate.
Strong underlying demand was also an important factor in
the rising tempo of commercial building last year. The
trend of population to the suburbs, the development of suburban shopping centers, the increase in supermarkets and
store modernization programs provided a solid underpinning
for commercial building activity.
Other types of nonresidential building, which were limited
by Government restrictions but which are also related to the
establishment of new residential communities, rose last
year—"religious" and "social and recreational" construction
each increased 20 percent or more.
Public construction
Public construction expenditures in 1953 totaled approximately $11% billion, some 4 percent more than the value of
21
work done in the previous 3^ear. Physical volume, although
well below 1942, a year of very heavy military and federallyfinanced plant construction, was at a peacetime peak.
The year-to-year increase in public construction activity
was the smallest since 1946. This was attributable primarily to a levelling out in federally-owned and assisted construction programs during the year. The value of contract
awards for federally-financed construction in 1953 fell substantially below the figure for 1952—a postwar high—and
was not much different from the 1950 value. Public construction activity financed with Federal money, however,
was virtually unchanged from 1952 due primarily to the
large carryover in construction in progress at the start of 1953.
The small change in Federal construction is in large measure a reflection of the substantial progress on the defense
construction program. Military and naval construction, for
example, dropped 5 percent below a year ago while industrial
construction, including atomic energy facilities, increased
only 5 percent; both of these areas experienced very sharp
advances following the outbreak of the Korean hostilities.
Public residential and hospital construction underwent
sizable decreases over the year as a result of cutbacks in
Federal programs. Residential construction declined by
about 15 percent due to statutory limitations on public
housing for fiscal years 1953 and 1954; public housing units
started in calendar year 1953 totaled 36,000, substantially
lower than in 1951 aiid 1952.
State and local construction was one of the strong segments
as the gradual extension of facilities continued. The sharpest advances here took place in highway and sewer and water
facilities, all of which are related to the heavy volume of
postwar housing construction and the population shift to
outlaying areas. Activity in these fields totaled $4 billion
in current dollars—up 10 percent over 1952—and in real
terms exceeded the previous peak established in 1930.
Retail Trade
RETAIL sales in 1953 of $171 billion, were nearly $7 billion
or 4 percent more than in 1952. Since average prices for
goods sold at retail changed but slightly between 1952 and
1953, the physical volume of goods sold also advanced by
about the same percentage. Sales were fairly stable throughout 1953, with the second half of the year about 2 percent
below the first half, on a seasonally adjusted basis. In
the final quarter, sales were close to those of the corresponding quarter of 1952.
Motor vehicles lead in gains
Sales of durable goods stores, reflecting primarily the
advance in motor vehicles, were up about 10 percent from
1952 to 1953. On a seasonally adjusted basis, durable sales
reached a high in the first half of the year and declined
somewhat thereafter.
Motor vehicle dealer sales for the year were a record
$31.5 billion, about 20 percent above 1952. While sales,
seasonally adjusted, fell off in the second half of the year,
they were still at a rate above that of any prior period
though somewhat below 1950 on a unit basis.
Variable movements marked the remaining durable goods
categories. Sales at lumber, building and hardware stores,
on a seasonally adjusted basis, showed relatively small
changes throughout 1953, the total for the year being up
about 2 percent from 1952. Furniture and appliance stores
sales were up on a year-to-year basis although the trend
pointed downward in the latter part of 1953.
In the remaining durable goods groups, including jewelry
stores and farm equipment dealers, sales in 1953 fell below
the previous year.
Nondurable sales generally strong
Most of the nondurable goods groups registered greater
sales in 1953 than in 1952. Outstanding among these were
food stores, eating and drinking places, and gasoline service4
stations, which together advanced nearly 2 billion dollars in
sales. In these categories the trend in sales has been generally upward in the last three years.
Expenditures at food stores rose to nearly $41 billion, a
billion dollars higher than in 1952, continuing the upward
trend evident in the two previous years. With food prices,
SURVEY OF CURRENT BUSINESS
22
on the average, down slightly from 1952, this advance in
food sales represents a somewhat greater increase in the
physical volume of food purchased.
Sales of apparel stores in 1953 fell 4 percent below the
previous year. On a seasonally adjusted basis, sales for
this group declined sharply from July to October. However,
a significant recovery was evident in the last 2 months of
the year, although not all the ground lost in the earlier
months was regained. In this category, the shoe store
pattern varied from the men's and women's wear groups;
shoe sales in 1953 rose nearly 2 percent above the total for
for the previous year.
Drug stores sales, seasonally adjusted, were at their 1953
high in January. Sales declined through most of the year,
but a strong upward movement in the closing weeks brought
the December rate to but 2 percent below that of January.
Table 5.—Retail Sales as a Percentage of Disposable Personal
Income, 1952-53
1953
1st
qtr.
All retail stores ! Durable-goods stores ! - _ _ _ _ . _ . _ _ -
2d
qtr.
3d
qtr.
4th
qtr.
69.8
- - 23.5
68.9
24.4
70.2
25. 3
69.6
24.8
68.1
23.8
67.5
23.6
12.1
Automotive group. . . . _ . . . .
Motor vehicle, other automotive dealers. 11.2
Tire, battery, accessory dealers .8
13.5
12.7
.7
13.8
13.0
.8
13.8
13.0
.8
13.0
12.4
.7
13.1
12.4
.7
Furniture and appliance group
Furniture, homefurnishings stores
Household appliance, radio stores
3.8
2.2
1.6
3.7
2.1
1.6
3.8
2. 2
3.7
2.1
1.6
3.6
2.0
1.6
3.6
2.1
1.5
Lumber, building, hardware group
Lumber, building-materials dealers
Hardware stores
4.3
3.2
1.1
4.2
3.1
1.1
4.3
1.1
4.1
3.1
1.0
4.2
3.1
1.1
4.1
3.0
1.1
46.3
44.5
45.0
44.8
44.3
43.9
4 5
1.1
1.8
.9
.7
4.1
.9
1.6
.9
4.4
1.0
1.8
9
.7
4.0
.9
1.6
()
.7
4.4
1.0
1.7
10
.7
3.8
.8
1.5
.8
2.0
5.4
16.9
13.7
4.2
1.9
5.3
16.4
13.6
4.2
2.0
5.3
16.5
13.4
4.2
2.0
5.3
16.4
13.4
4.2
1.9
5.3
16.5
13.7
4.2
1.9
5.1
16.4
13.7
4.4
8.0
4.4
.6
1.3
1.7
1.3
7.7
4.2
.5
1.2
1.7
1.3
7.6
4.2
.6
1.2
1. 7
1.3
7.7
4.3
.5
1.3
1.7
1.3
7. 7
4.1
.5
1.3
1. 7
1.4
7.6
4.1
.5
1.2
1.7
1.4
Nondurable-goods stores l
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
General-merchandise group
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Other general-merchandise stores
Liquor stores
1. Sales of jewelry stores, other durable goods stores, other food stores, and other nondurable
goods stores are not shown separately but are included in the totals.
Source: U. S. Department of Commerce, Office of Business Economics and Bureau of
the Census.
Chain stores generally showed a somewhat stronger sales
experience during the year than that of the independents.
Excluding motor vehicle sales from the comparison, since
chains are negligible in this important group, sales of chain
organizations with 11 or more stores amounted to $31 billion.
This represented an advance of more than 3 percent in 1953,
compared with a little over 1 percent for all retail stores in
the same general lines of trade. Chains increased their
share of total sales in the grocery, drug, apparel, and furniture and appliance areas.
The major factor influencing sales has been the continued
high incomes received by consumers. Sales advanced at
about the same relative rate as disposable personal income
from 1952 to 1953, with the result that the ratio of retail
purchases to disposable income was close to 70 percent in
each year.
Among the various retail trade groups, the most significant
change in this proportion was in the ratio for motor vehicle
dealers. For this group the ratio was 11 percent in 1952 and
close to 13 percent in 1953. The 1953 figure was about equal
to 1950 and well in excess of the ratio in any of the years
prior to World War II. Sales of gasoline service stations
showed no change in its share of consumers' income from
1952 to 1953, while declines were indicated for all other major
groups.
Daring 1953 the proportion of retail sales to income tended
downward, moving from 70 percent in the fourth quarter of
1952 to 67.5 percent in the final quarter of 1953.
Credit buying increased
1953 quarters seasonally
adjusted
1952
February 1954
While the basic determinant of trends in 1953 was the
large flow of consumer income, the ready availability of
credit was an important sustaining influence. Total shortterm consumer debt rose $3 billion over the year to a total of
almost $29 billion outstanding at year-end. The increase
occurred entirely in installment debt, chiefly used in the
purchase of automobiles and other consumer durable goods.
End-of-year noninstallment credit—charge accounts, single
payment loans and service credit—was practically unchanged
from the prior year's total.
New installment loans made last year reached $29.8
billion, while repayments amounted to $26.7 billion. The
rise in repayments for the year, amounting to $2.1 billion
exceeded the increase in new lending by approximately
600 million dollars, in contrast to the change from 1951 to
1952 when new loans granted expanded at a much sharper
pace than repayments. This relative shift in the pattern of
credit reflected in the main the expanding supply of durable
goods, particularly automobiles, in the last half of 1952 and
the first half of 1953, although the ending of Regulation W
credit controls early in 1952 was also a factor. Increased
supply of durables tended to expand new loans directly,
while the gradual replacement of the shorter-term Regulation
W loans with longer-term post-Regulation W loans tended
to dampen the expansion in repayments in 1952. In the
latter part of 1953, the tapering of the flow of consume
durable goods tended to moderate the volume of new loans
made while repayments continued to mount with the expansion in the aggregate debt.
After allowing for seasonal influences, it appears that
practically all of the expansion of consumer credit occurred
in the first nine months of the year. Borrowing to finance
automobile purchases—clearly the most important influence—accounted for $2 billion, or almost two-thirds of the
overall net credit expansion in the nine-month period.
Credit purchasing of major household goods accounted for
most of the other one-billion dollar credit increase.
By the beginning of autumn, the 18-month steady increase
in consumer debt was apparently halted. Net automobile
loans increased fractionally in the final quarter of the year,
but allowing for seasonal factors, consumers appear to have
stopped adding to their outstanding debt on other durable
goods.
Foreign Transactions
1953 pattern of United States commerce with other
countries was in many respects a continuation of one which
had developed in the latter part of the preceding year.
Exports of goods and services, excluding military-aid items,
remained relatively stable after the decline which occurred in
mid-1952. For 1953 as a whole about $17 billion of our
output of nonmilitary goods and services was marketed in
foreign countries as compared with $18 billion in 1952. At
the same time exports of military-aid equipment rose by
about $1.5 billion.
The rise in imports of goods and services which started
early in 1952 also extended far into 1953, although in the
latter part of the year imports began to decline. For the
year as a whole imports of goods and services amounted to
about $16.5 billion or $700 million more than in 1952. The
Yise was largely due to greater military expenditures abroad
and, to a lesser extent, to higher tourist expenditures. The
value of merchandise imports increased slightly, although in
volume terms they were the highest on record.
The difference between exports and imports of goods and
services for 1953, excluding military-aid exports, was about
$500 million, the lowest export balance in any postwar year.
This improvement reflects not only the high level of business
activity in this country with the resulting need for imports,
and the large military commitments abroad, but also the
ability of foreign countries to increase their production so
that they could not only meet a greater proportion of their
own requirements but also raise their sales to the United
States.
Lower agricultural, fuel, and steel exports
Most important among the changes in foreign demands
for American exports were those for agricultural goods.
Lower exports of wheat and cotton during 1953 have coincided with a growth in domestic supplies.
The decline in wheat exports from the abnormal highs of
lie earlier postwar years reflects the gradual disappearance
of the extraordinary food shortages abroad resulting from
temporary dislocation of production and disruption of normal
trading patterns. During the last 2 years foreign countries
have obtained a larger share of their agricultural requirements from traditional supply sources where production and
stocks have become far greater than during the earlier
postwar period.
In the case of cotton, however, the large stocks in other
exporting countries are being substantially reduced and
production abroad is declining. At the same time, foreign
textile output is on the upswing. A recent rise in the price
of foreign cotton relative to American cotton also seems to
indicate that the export outlook for United States cotton
has improved.
The decline in exports of fuel and steel which started in
1952 continued during 1953. Here again, the reduced foreign
demand coincided with the development of more abundant
supplies abroad.
Western European imports of American coal were only
one-third as great as during 1952. Coal consumption in
Europe declined as requirements lessened temporarily during
the early part of the year and the use of other types of fuel
increased. Foreign demand for finished petroleum products, particularly lubricating oils, also declined in 1953 as a
result of expansion in foreign refinery capacity.
Greater production abroad also lessened the need for imports of American steel. Exports to the United Kingdom
virtually disappeared early in 1953. Other major foreign
markets, particularly in Latin America, weakened during
the year. In some of these countries steel-making capacity
is greater than a year ago and rising supplies became available from overseas sources. Although exports were lower
and imports higher than in 1952, the United States continued
to be a net exporter of steel.
High exports of machinery and vehicles
Total commercial exports of other products remained relatively stable. This is largely explained by the strength in
foreign demand for American machinery and vehicles.
During 1953, foreign markets took nearly $3 billion of the
domestic output of civilian-type machinery and appliances,
and almost $1 billion of our production of nonmilitary motor
vehicles and parts.
A major factor in the overall rise in these exports during
the first half of 1953 was the larger demand in Canada.
Canadian consumer incomes continued to expand, and the
large investment expansion, aided by American capital,
moved ahead.
Machinery exports to other leading markets daring the
first half of 1953 also compared favorably with those of the
previous 6 months. Shipments to Latin America as a whole
remained virtually unchanged, and other foreign countries
likewise maintained or increased their purchases.
During the first half of 1953 foreign purchases of passenger
cars and accessories increased. Exports of trucks and busses,
which comprise an important part of domestic production,
were at least as high as during the second half of 1952.
After mid-1953 exports of machinery and passenger cars
declined. The drop in these shipments may indicate at
least a temporary slowdown in foreign development and
23
SURVEY OF CURRENT BUSINESS
24
expansion projects as well as growing competition from other
foreign suppliers. There is also some evidence of a rise in
Canadian inventories of appliances and some other consumertype goods of which the United States is an important supplier. A large part of the decline, however, resulted from
seasonal factors which affect the Canadian demand for agricultural machinery and tractors, and, to some extent, our
exports of passenger cars.
'f&f£^s&yt?f&&^^^^
$
U. S. General Imports
Changes in imports have been most pronounced
in materials for manufacturing
BILLIONS OF DOLLARS
14
February 19H4
At the same time the slack in European demand, particularly in the case of aluminum and copper, increased supplies
available to the United States market without causing prices
to rise.
On the demand side the rise in both Government and
industry stockpiles during the first half of the year was
important. Excess stocks coupled with the decline in current
requirements which began in the third quarter were responsible for the sharp reversal in metal imports which occurred
after July.
The other major change in the raw materials group was the
decline in imports of natural rubber which resulted from a
curtailment in Government stockpile purchases. As demand
in other countries did not change and production decreased
only moderately, prices continued to fall during most of 1953,
dropping below the prices for synthetic rubber. With the
changed price relationship, consumption of natural rubber
has increased and imports have become more stable.
Food and finished manufactures imports up
12
TOTAL
GENERAL
IMPORTS
Population growth and personal incomes higher than in
1952 explain in part the gradually rising imports of foodstuffs.
These purchases are generally less sensitive than raw material imports to changes in economic activity and in prices.
Furthermore, inventory movements are less significant in the
overall demand picture since there are no Government stockpiling programs for these items. Changes in imports due to
shifts from foreign to domestic sources of supply or vice
versa also are relativley less important in the case of foodstuffs
which are heavily weighted by coffee, cocoa, and some other
items not produced domestically.
Rising coffee prices contributed to the higher value of
imports in this group during 1953, and recently there has been
a further sharp advance in price.
With United States incomes up and European countries
expanding production and intensifying their marketing
efforts, imports of finished goods advanced moderately to
about $1.1 billion in 1953. Over 80 percent of these imports
consisted of automobiles, textiles, clocks, and other consumer
items. Finished producers' goods (other than agricultural
machinery) including electrical equipment amounted to less
than $150 million for the year.
1
10
MATERIALS USED IN
MANUFACTURING
( ! N C L . FUEL)
FOOD, DRINK AND TOBACCO
FINISHED GOODS
( E X C L . FARM MACHINERY)
Improvement abroad
1950
1953
Varying fluctutations in business activity here and abroad
influenced world markets in a stabilizing manner. During
OFFICE OF BUSINESS ECONOMICS. U. S. O. C.
the first half of the year, the lessened business activity in
Europe kept raw material prices from rising and facilitated
Exports of services changed little from 1952 except for a
larger United States imports. During the second half the
decline in income from shipping, resulting from the decline
decline in United States production coincided with a rapid
recovery abroad, so that raw material prices again remained
in exports of bulk goods.
stable. Exports from the United States could also be maintained, although imports declined substantially.
Imports of raw materials fluctuate
The sustained demand for exports in part reflects the very
considerable improvement in the position of foreign countries
Although merchandise imports in 1953 were approximately
equal in value to those in 1952 there were considerable which is evidenced by the rise in foreign gold and dollai
assets by more than $2 billion during the last year. The rise
changes during the year. Most of the rise in imports during
in these reserves during the first half of the year was large
the first half of 1953, and the decline which followed, can be
enough so that even the relatively sharp decline in our imexplained by changes in the demand for raw materials. (See
ports during the second half of the year did not force foreign
chart.) The ups and downs in these imports, which comcountries to curtail their purchases here, or even to dra\\
prised over one-half of the total in 1953, were, however,
upon the reserves accumulated during the previous period
relatively greater than might be explained on the basis of
It merely reduced the rate at which gold and dollar assets
changes in domestic manufacturing activity alone.
were accumulated. Dollar disbursements to foreign countries
After a steady climb since early 1952, imports of metals
could, therefore, continue to decline by substantial amounthit a peak annual rate of $2.4 billion in the second quarter of
before foreign countries would have to start drawing upor
1953. One important factor underlying this rise was the
their reserves in order to maintain their current purchases here
gradual increase in production in the supplying countries.
* QUARTERLY TOTALS, AT ANNUAL
RATES.
BUSINESS STATISTICS
Tin STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
[E
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.
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.
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December
Data from private sources are
1953
January
February
March
April
May
June
July
August
Se
tem
g >r '
Ootober
October
Novern
bor
December
GENERAL BUSINESS INDICATORS
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 . . _ _ d o
Proprietors' and rental income, totalcf do
Business and professional^"
do
Farm
....
...do
Rental income of persons, ._
_do ...
Corporate profits and inventory valuation adjustment, total
bil of dol
Corporate profits before tax total
do
Corporate profits tax liability
- do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
_.. ._ ..do ..
301.4
201.3
191 3
158.3
10.4
22 6
10.0
51.1
26 7
14.0
10.3
306.7
204.5
194 5
161. 3
10.4
22 8
10.0
50 8
27 0
13.4
10.4
310 7
208.0
198 0
164. 5
10 6
22 9
10 0
49 7
27 0
12.3
10 4
308.1
210.4
200. 6
166. 9
10.5
23.1
41. 7
40 3
21.2
19 1
1. 4
7.4
43.8
44 6
24.4
20 3
— 8
7.6
45
45
25
20
—
2
9
0
8
6
40.7
43 3
23. 6
19 6
-2.6
37i
230
30
122
77
4
4
7
1
6
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 securitv9 - .
do
State and local. - - - - - do
Personal income, total.
do
Less: Personal tax and nontax payments, do
Equals: Disposable personal income
do
Personal saving§
.__
do ..
r
361.1
224.4
28.2
121. 1
75 1
278.3
35.3
243. 0
18.6
57.9
23.9
25.5
8.5
-1.6
r
80.4
56.4
50. 5
24.0
9.8
49.1
26.9
11.6
10.6
7.9
1.0
8.1
369. 5
231.0
30.4
121.3
79 2
363 5
230. 0
29 1
120 4
80 r>
r
55 2
24.9
27.1
'3 1
-2.1
48
25
26
—3
—1
8
3
5
0
0
7.7
r
363 9
227.7
30 2
121.2
76 3
r
54 9
25 0
26.2
r
r
r 5g 5
25
26
T
6
—2
'3 7
-2.1
207.7
198. 0
164. 4
10.3
23.3
9.8
50.0
26.9
12.2
10.8
3
9
3
5
83 4
' 58. 5
51 6
24.9
'60. 5
53 5
24 6
'85 5
' 60. 4
52 1
25 2
85
59
50
26
7
5
0
3
281.6
36. 2
245 4
17 7
284
36
247
17
286.8
37.0
249 8
18 8
285
36
249
19
9
6
3
3
r 85 0
4
7
7
2
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at, annual rates:
Total personal income
- .bil.ofdoL.
Wage and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries, . .
do. _.
Service industries-^
._
.do
Government _ _.
__
__
-do
Wage and salary receipts, total
do
Other labor income
do
Proprietors' and rental income
. . do
Personal interest income and dividends. -do
Transfer payments
do
Less personal contributions for social insurance
bil. of doL.
Total non agricultural income
do
280. 6
192. 5
87.0
50.1
22.6
32.8
188.7
51
51.8
21.5
13 6
280.5
192.8
86.8
50.2
22.7
33.1
188.8
51
51.6
21.6
13 5
281.0
194.6
88.0
50.6
22.8
33.2
190.9
51
50. 2
21.7
13 3
283. 6
196.2
88.8
50.9
23. 2
33 3
192.4
5 1
50 7
21.9
13 7
282.7
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 5
194.2
51
50 0
22. 1
13 5
286 3
199.5
89.8
52 2
23 9
33 6
195. 6
5 1
50 1
22.3
13 5
287 5
201.2
90.6
52 9
24 2
33 5
197.3
51
49 5
22.4
13 5
287. 0
201.0
90.2
52.9
24 1
33 8
197.1
51
48 9
22.5
13 6
286.3
199. 9
89.3
52.7
24 1
33 8
196.0
51
49 0
22.7
13 6
287 2
199.3
88.7
52 7
24 2
33 7
195.6
51
49 5
22.8
14 5
3.9
4.1
3.9
4.0
4.0
4.0
4.2
4.2
4.1
4.0
261.1
263.3
265. 4
265.5
267.2
268.8
270.6
270.7
270.0
270. 5
285 9
198. 3
r
87. 7
r
52 9
24 1
r 33 $
r
194. 5
51
50 o
'22. 7
13 8
4.0
261. 6
r
r
284 7
196.4
85.9
52 8
24 2
33 5
192. 6
C
j
50 4
22.5
14 3
4.0
T
4.0
269. 0
267.2
NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries, quarterly totaL- .. . -mil. of dol
Manufacturing
do
Mining
..
... do
Railroads
do
Transportation, other than rail .. ._ _. -do
Public utilities
do
Commercial and other
do
i 7 379
7,265
6,147
7,225
7 076
3,367
2,747
3 280
3 079
3 316
229
199
212
941
238
310
357
358
299
356
ocrr
311
335
339
355
1,142
904
1,148
1 206
1 22^
1,675
1,835
1,899
1,887
1.884
r
Revised.
1 Estimates based on anticipated capital expenditures of business; those for January-March 1954 appear on p. 4 of the December 1953 SURVEY.
^Includes inventory valuation adjustment.
9Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown
as a component of gross national product above.
S-l
SURVEY OF CUEFvSNT BUSINESS
S-2
Unlegs otherwise stated, statistics through
1952 and descriptive notes are shown in the
195'j Statistical Supplement to the Survey
1953
1952
Decem-
ber
February 19H4
January
Febru-
ary
March
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS^
Cash receipts from farming, including Government
payments, total
mil. of dol..
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total
do
Dairy products
do_ _ _
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:
\11 commodities
1935-39=100 .
Crops
.
do
Livestock and products
do
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume}
Unadjusted combined indexf
1947-49=100 Manufactures
Durable manufactures
Primary metals
Steel
Primary non ferrous metals
Metal fabricating (incl ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
- - do
do
do
do
do
- _do__ _
do
- do
do
do
Transportation equipment
do
Autos
- __do
Trucks
do
A ircraft and parts _
do
Instruments and related products
do
Furniture and
fixtures
do.
Lumber and products
do
Stone clay, and glass products
do
Glass and pottery products..
do
Miscellaneous manufactures
do
Nondurable manufactures
Food and beverage manufactures
Food manufactures
Meat products
Bakery products..
Beverages
Alcoholic beverages
Tobacco manufactures
Textile-mill products
Cotton and synthetic fabrics
Apparel and allied products
Leather and products
Paper and allied products...
Pulp and paper
Printing and publishing. _
Chemicals and allied products
Industrial chemicals
Petroleum and coal products
Petroleum refining
__
Rubber products
.
Transportation equipment
Instruments and related products
Furniture and
fixtures
Lumber and products
Stone, clay, and glass products
Miscellaneous manufactures
Nondurable manufactures
Food and beverage manufactures
Tobacco manufactures
.
Textile-mill products
_ __
Apparel and allied products
Leather and products
2,100
2,075
1,233
441
522
385
424
493
372
174
186
165
1,401
357
742
292
2,001
1,964
560
1,404
365
721
302
2,010
1,976
516
1, 460
407
708
319
2,193
2,167
729
1,438
402
714
294
2,456
2,442
1,050
1,392
386
682
300
2,494
2, 486
1,096
1,390
364
695
318
3,197
3,192
1,748
1,444
333
768
329
3, 693
3,686
2,163
1, 523
336
812
354
291
247
325
313
238
369
296
198
370
298
182
384
327
258
379
368
371
366
375
387
366
482
618
380
556
765
401
' '26
' 076
414
449
548
375
168
187
153
118
95
134
125
86
155
122
73
159
125
73
164
138
99
169
157
157
156
158
159
157
193
232
164
224
283
179
r
T
206
233
185
178
198
102
131
132
136
138
136
136
136
129
136
135
136
' 130
P 125
133
151
131
143
129
166
134
164
147
196
135
154
137
146
131
169
134
167
147
207
139
158
142
146
143
172
136
170
149
210
r 140
160
143
150
146
175
138
172
154
206
139
159
141
146
147
173
139
167
150
199
138
157
142
148
143
170
139
163
148
192
138
155
138
143
144
168
139
159
146
184
130
147
124
137
143
161
135
148
138
168
137
153
130
138
141
166
140
157
137
197
136
151
127
134
147
164
137
158
137
"200
138
154
129
136
147
167
'136
161
138
205
' 132
'• 146
"
;>
P
P
v
i>
p
p
P
p
182
114
113
452
189
132
119
455
195
151
121
461
199
161
144
461
157
123
122
132
128
140
1&8
170
142
452
155
12'i
120
134
12$ •
14Q
194
162
124
452
156118
122
135
125
139
193
166
106
452
157
117
122
136
123
140
190
161
118
461
151
113
112
132
113
133
189
153
127
473
153
116
122
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123
143
182
134
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'480
'155
' 115
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136
122
144
189
151
106
'483
156
'116
'120
'139
'127
148
' 171
107
95 j
' 457
' 157
114
' 110
134
122
' 145
p 174
* 107
? ; 110
118
93
98
111
9$
10(5
103
10 1
109
111
119
102
101
103
100
110
102
107
112
116
121
108
105
105
103
119
107
110
111
114
113
112
110
98
102
121
107
94
93
95
121
118
118
102
101
118
108
117
107
110
122
' 124
'127
111
102
113
108
111
102
105
123
' 121
'122
123
'102
116
118
116
'100
' 101
'118
'111
' 115
135
'99
99
100
' 111
'96
' 102
v 111
v 100
"103
P 118
P96
v 84
j'80
v 89
p 88
*91
r
100
'88
135
133
126
' 151
149
' 131
137
' 120
p 99
/>80
p 119
117
f 121
" 148
146
P 128
P 138
P 112
'112
76
130
'95
120
P 109
p 71
P 131
p 70
352
761
334
156
125
337
806
261
153
121
699
311
681
234
153
122
103
128
118
137
110
125
120
132
119
129
125
136
115
102
115
98
119
97
105
141
102
87
85
93
104
107
674
102
134
99
118
98
84
82
104
104
106
99
91
88
117
112
114
121
99
99
117
100
99
100
113
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'3,491
r
3 4^*7
' 1 914
1 573
334
S58
3Go
r 129
' 129
146
' 158
' 132
155
' 135
' 192
2,
'2
1
1
987
975
551
424
330
739
331
127
142
112
114
145
150
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137
174
p 157
» 114
" 98
f 131
* 141
111
98
121
116
121
143
148
128
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123
113
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125
127
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136
132
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112
133
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118
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120
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127
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107
104
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127
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140
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131
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97
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157
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135
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!06
94
135
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r
145
136
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106
97
140
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127
'151
151
131
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do.
do
do. .
do
do
115
85
134
79
118
113
81
134
80
110
113
77
134
85
112
111
74
132
88
116
115
74
133
119
123
118
81
131
139
125
120
81
134
142
130
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69
135
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122
85
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122
84
136
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r
!31
118
84
131
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132
do
133
134
134
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136
137
136
137
136
133
132
'129
P 127
do
do
do
do__ _
do
- d o
do_ _
do
135
152
135
166
134
161
143
136
154
135
168
135
164
144
136
155
137
168
136
163
145
197
203
200
137
155
136
168
137
163
147
195
138
155
136
169
138
164
147
195
139
156
139
169
139
162
146
194
138
154
137
168
139
161
144
194
139
157
136
171
142
164
145
200
138
157
137
171
140
165
145
203
'135
152
130
166
'135
161
141
'200
134
151
128
'166
'134
159
141
'193
'131
'140
'122
'159
'132
' 153
137
'185
P 129
P 143
p 115
p 157
p 130
P 147
p 133
p 174
do
do
do__ _
do
do
do, .
190
191
191
153
120
122
129
135
153
119
124
133
135
190
155
121
121
135
138
190
153
124
120
134
141
192
156
123
119
135
143
188
157
122
114
134
145
196
156
121
119
135
143
191
156
119
116
135
146
186
' 155
'114
'111
134
140
189
155
113
'114
133
'139
'178
155
110
' 111
133 !
r
138
P 181
v 155
"108
•p 109
p 133
v 139
do
do_. _
do
..do
do
do
118
106
117
106
118
107
119
107
116
108
112
103
121
108
108
109
116
104
123
109
107
113
117
108
121
106
103
111
115
99
121
108
103
108
114
104
119
108
104
'101
109
97
117
'109
104
'98
104
91
117
'109
106
'98
106
93
110
'108
' 108
'96
101
' 90
P 114
p 105
" 108
p 91
'102
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
Manufactures
Durable manufactures
Primary metals
. Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
_
Nonelectrical machinery _ _
Electrical machinery
1,949
1,932
do
do
do____
do
do__
do
do
do. __
do
do
_
Adjusted, combined indext
do
do
do
do
do.
do
do
do
do
do
2,834
2,809
1, 395
1,414
2,959
2,943
1,478
1,465
.
154
120
115
129
135
114
108
114
104
106
103
112
104
120
106
110
104
-
' 151
133
» \)1
' Revised.
* Preliminary.
iRevised beginning 1951 to incorporate more complete data; revisions for January 1951-October 1952 are available upon request.
fRevised series. The index has been improved in this revision by (1) incorporation of a number of new series; (2) revision of weights, seasonal adjustment factors, and working-day allowances; (3) adoption of a more recent comparison base period; (4) use of improved industrial classifications, and (5) development of an independent set of annual indexes from the more comprehensive data available at yearly intervals. For a detailed description of the revision and monthly and annual data beginning 1947, see the December 1953 issue of the FEDERAL RESERVE
BULLETIN.
February
SUEVEY OF CURRENT BUSINESS
1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
S-3
January
February
March
April
May
Juns
July
August
September
October
November
December
132
123
146
129
'132
121
146
'129
'118
v 125
v 119
P 147
i> 1 28
-"117
r
p 111
p 09
v 131
v 1.02
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index oj Physical Volume 9—-Con.
Adjusted — Continued
M amif aetures— C ontinued
Nondurable manufactures — Continued
Paper and allied products - __ 1947-49=100
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products _
__ do _ _
Rubber products
do
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
- do
-_ do _ _ _
do
_ ___ do
do
127
119
141
128
128
125
119
142
128
131
130
119
143
128
134
133
120
145
128
138
134
120
148
131
137
134
121
151
131
139
134
121
150
131
130
134
121
152
132
130
133
121
148
132
127
135
121
' 147
131
121
117
82
134
106
123
116
77
134
111
121
116
77
134
113
123
115
74
132
116
126
115
75
133
118
124
117
85
131
118
122
119
86
134
117
125
120
87
135
116
125
119
86
135
117
124
118
81
136
117
123
50, 186
r 26 358
13 398
r 12 960
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
14 424
5 154
9 270
r 50, 003
12 716
9 709
3, 160
6 549
14 412
5 103
9 309
r 50, 398
r 26 366
13* 410
r 12 956
9 563
3 153
6 410
14 469
5 102
9 367
48, 138
25 067
r 12 730
12 337
8 998
3 092
5 906
14 073
4 914
9 159
81 116
46 485
26, 392
20 093
11, 888
6 223
5 665
22 743
10 730
12 013
81 586
46 888
26, 788
20 100
11, 923
6 259
5 664
22 775
10 624
12 151
82 000
47 087
26, 958
20 129
11,989
6 245
5 744
22 924
10 921
12 003
24, 700
12 317
12 383
' 25, 276
r 12 484
r 12 792
'26,163
12 917
r 13 246
' 26, 845 ' 23, 836
r
13, 223
11 499
' 13 622 ' 12 337
r 26 366
13' 410
r 2 335
1 309
1 462
2 125
2 381
1,032
334
815
611
416
590
25 067
r 12 730
2 1.54
1 190
1 438
2 099
2 210
1,031
380
776
582
326
544
r 25 379
12' 698
2 084
1 219
1 536
2 163
2 023
1, 008
370
726
607
355
607
r 25 010
24 304
11 867
' 1 874
1 150
1 324
2 068
f 1 918
'925
'334
'723
' 583
'402
'566
24 097
11,567
1 645
1, 112
1 350
1 840
2 122
932
338
726
597
407
568
r
' 12 634 ' 12 437
' 3 771
3 890
'635
666
304
'339
1,038
' 1, 006
900
'835
243
' 251
738
' 709
745
'778
r 1 643
' 1 606
2,062
' 2 113
r
394
394
12 530
3 816
583
302
1, 042
941
264
704
735
1 509
2, 180
394
r 120
114
76
131
' 108
125
T
r
T
111
70
130
104
125
BUSINESS SALES AND INVENTORIES§
r
Business sales (adjusted), totalf
mil. of doL_
Manufacturing total f
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
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, 508
f 11 999
9,172
3,011
6, 161
14, 140
5,000
9 140
48, 533
24 724
12 666
T
12 058
9' 295
3,161
6 134
14 514
5 30*
9 211
49, 671
25 763
r 13 n6
r 12 647
9 471
3, 164
6, 307
14 437
5 211
9 225
Business inventories, book value, end of month
(adjusted), total f
mil. of dol
Manufacturing total t
do
Durable-goods industries
c__do
Nondurable-goods industries
do
Wholesale trade, total t
-do
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade, totalf
do
Durable-goods stores
do
Nondurable-goods stores
_do
77, 109
44, 190
24, 399
19, 791
11,327
5,754
5,573
21,592
9, 906
11,686
77, 130
44 330
24, 565
19, 765
11, 282
5, 766
5, 516
21,518
9,897
11, 621
77 693
44 581
24, 760
19 821
11, 405
5 890
5 515
21 707
10 149
11 558
78 266
44 797
25, 019
19 778
11, 488
5 976
5 512
21 981
10 303
11 678
78, 996
45 164
25, 328
19, 836
11, 445
5,951
5 494
22, 387
10 543
11,844
79 678
45 673
25, 681
19 992
11,550
5 999
5' 551
22 455
10 526
11 929
80 167
46 160
26, 048
20 112
11,713
6 007
5 706
22 294
10 472
J l 822
26, 758
13 812
12 946
' 26, 296
r 13 703
12 593
25, 468
13 178
12 290
26, 058
13 586
r 12 472
25 816
13 148
2 211
1 437
2 156
2 350
998
369
772
586
404
608
r 25 882
r
13 166
2 222
1 311
1 486
2 164
2 190
1,006
365
767
627
395
633
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales:f
Value (unadjusted), total...
mil. of doL.
Durable-goods industries
._
do
Nondurable-goods industries
do
Value (adjusted), total
_ do
Durable-goods industries, total
__do_ __
Primary metal
do
Fabricated metal products.do
Electrical machinery and equipment do
Machinery, except electrical
do__ _
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and fixtures
do
Lumber products, except furniture
do_...
Stone clay and glass products
do
Professional and scientific instruments -do
Other industries, including ordnance .. .do
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 :f
Book value (unadjusted), total
Durable-goods industries
Nondurable-goods industries
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
.
do
do
do
do__
do
do
do
do
do
do
do_
do
do_ ._
_ _ _ _ _ do
do
' 24, 546 ' 24, 006 24. 065
' 12, 607 r 12, 020
r 12 344
r
r n 721
11 939
11 986
24, 706
12, 536
2,193
1,195
1,374
2,122
2,140
928
384
727
551
335
587
24, 507
r 12, 508
f 2 169
f 1, 190
1,337
2,138
2 162
996
370
710
535
377
524
12, 170
3,385
520
333
1,144
942
288
675
777
1,606
2,082
418
r
44, 442
24, 367
20, 075
24 724
12, 666
2 214
1,228
1 362
2,158
2 178
964
344
744
558
337
579
11,999
3 377
544
312
1,116
880
269
695
758
1, 606
2,018
424
r 12 058
3 368
555
324
1,128
846
266
690
770
1,634
2,042
435
44, 691
24, 600
20, 091
44, 858
24, 847
20,011
r
r
'26 358
25 763
' 13 116 13, 398
2 275
2 226
1,351
1,256
1 387
1 389
2,227
2,174
2 431
2 356
997
939
367
363
763
767
585
632
392
379
623
635
r
r 1 257
r 95 882
r 13* 166
12 647
3 660
595
330
1,160
871
278
711
800
1,704
2,065
473
r 12, 960
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
45,158
25, 298
19 860
45, 362
25, 608
19, 754
45, 884
26, 093
19 791
46, 334
26, 339
19 995
r
r
12 956
3 795
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
46, 436
26 463
19 973
46, 489
26, 564
19 925
r
' 48, 652 ' 48, 284 T 47, 566
r 25 379
T 25 010
24 304
r
11 867
12 376
12 698
r
12 437
r 12 634
r 12 681
' 9 158
r 9 234
9 291
2, 994
2 982
3 051
' 6, 164
r 6 252
6 240
' 14 104
14 040
13 982
r
4 865
5 005
5 029
' 9 099
9 117
9 Oil
12 681
3 836
662
315
1, 031
854
266
752
707
1,640
2,202
416
46, 646
26, 612
20 034
81 805
47 044
26, 987
20 057
12, 041
6,278
5 763
22 720
10 727
11 993
12, 376
1 985
1,139
1 391
2,039
2 095
1,140
'364
715
575
353
580
46, 529
26 598
19 931
T
81 266
r 46 899
r 26. 975
' 19, 924
' 11. 930
r
6, 127
T
5 803
r
22, 437
' 10 574
r
11, 863
r
r
r
r
r
' 46, 522
'26 549
r 19 973
47, 285
24 097
11,567
12 530
9, 272
3, 035
(), 237
13 916
4, 693
9 224
81,034
46 719
26, 791
19, 928
11, 680
5,897
5, 783
22, 635
10 645
11,990
23, 889
11,603
12 286
46, 943
26 9741
20 02
do
do
do._ _
44, 190
Book value (adjusted), total
_
do
44, 330
45, 164
44 581
45 673
46 160
46 888
47 087
46 485
44 797
' 46 899 46 719
47 044
Durable-goods industries, total
do
24, 399
24, 565
24, 760
25, 328
25, 681
26, 048
26. 958
26, 392
26, 788
25, 019
26, 987
' 26' 975
26, 791
3, 159
Primary metal
_
_
do
3 382
3 242
3 134
3 208
3 157
3 318
3 456
3 513
3 308
' 3 488 3 431
3 507
r 3 145
2,436
Fabricated metal products
do
2 512
2 473
2,484
2,580
2 717
2 962
2 914
2 607
2 815
3 038
3 100
3, 073
Electrical machinery and equipment-__do
3,219
3,081
3,121
3, 305
3, 266
3,424
3, 157
3,425
3,484
' 3, 489
3, 366
3, 398
r 5 735
Machinery, except electrical
do
5,463
5 525
5 508
5 667
5 532
5 524
5,468
5 555
5 690
5 628
5 665
5 695
2,987
Motor vehicles and equipment_do
3,229
3,009
3,056
3, 170
3, 476
3, 498
3,348
3, 420
3,435
3, 445
' 3, 377
3,384
Transportation equipment, n. e. s
do
2,570
2,642
2,567
2, 616
2,751
2. 632
2,651
2,728
2,707
2,720
2,702
' 2, 700
2,762
679
Furniture and
fixtures--do
638
641
656
r 670
638
662
681
660
681
697
674
634
989
Lumber products, except furniture
do
1,031
989
1,017
1,045
1,041
1,049
1,096
1,123
1,121
1,090
1,068
1,114
Stone, clay, and glass products
do
843
854
874
867
884
883
875
858
881
879
'878
901
890
Professional and scientific instruments .do
838
851
850
837
853
875
846
857
878
'882
866
881
877
1, 403
Other industries, including ordnance.__do
1,417
1,539
1,501
1,429
1,487
1,581
1,538
1,549
1,583
1, 564
' 1, 521
1, 506
r
v
Revised.
Preliminary.
9 See note marked "t" on p. S-2.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.
fRevised series. Data have been adjusted to more recent benchmarks. The revision affects the indicated series beginning as follows: January 1946 for total business, manufacturers', and
wholesale sales and inventories (adjusted); January 1948 for manufacturers' new orders (adjusted); December 1950 for retail inventories (adjusted); and January 1950 for all unadjusted series,
except wholesale and retail inventories which were revised beginning December 1949 and December 1950, respectively. For the revisions through 1952, see pp. 21-27 of the December 1953
SURVEY and pp. 17-23 of the January 1954 issue.
SURVEY OF CURRENT BUSINESS
S-4
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
February 1954
December
January
February
March
April
May
June
July
August
Se
berm" 1
October
November
December
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month f— Continued
Book value (adjusted), total— Continued
Nondurable-goods industries, total _ _ mil. of doLFood and kindred products
do
Coverages
^0
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
New orders, net:f
Unadjusted, total
- ...
do
Xondurable-goods industries
do
Adjusted total
do
Durable-ffoods 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 ordnances-do
Nondurable-goods industries, total
do
Industries with unfilled orders 9
do.- Industries without unfilled orders^
do
Unfilled orders, end of month (unadj.), totalf_do
Durable-goods industries, total
do
Primary metal
do. ..
Fabricated metal products
do
Electrical machinery and equipment
do
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
19, 791
3,692
1,255
1.767
2,616
1,763
531
1,075
730
2, 942
2, 543
877
19, 765
3,662
1,259
1,816
2,584
1,772
532
1 , 060
730
2 900
2, 584
866
' 24, 437 r 24, 851
r
r
12 786
12 598
11,839 r 12. 065
r 24, 948
12, 733
2,006
1, 125
1, 522
1.87S
r
19, 821
3, 627
1,252
1,806
2,612
1,819
528
1,058
730
2,910
2,611
868
r
r
24,009
12 206
11,743
24, 519
r 24, 513
' 12, 454 «• 12,416
2, 063
2, 133
1,142
1,172
1,303
1, 521
1,829
1, 959
3, 752
2, 450
' 12,215
2,929
' 9, 286
3, 250
2, 5PO
12. 065
2, 904
9, 161
3, 390
2,529
12,097
2,894
9,203
75, 333
72, 162
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
29, 642
5, 942
3, 171
29, 766
6, 145
3, 250
30,110
6,277
3, 272
r
19, 778
3, 570
1,247
1,798
2,616
1, 806
533
1,052
748
2, 931
2,597
880
19, 992
3, 493
1,212
1,818
2,631
1,890
578
1,060
745
3 007
2, 670
888
20,112
3,489
1 , 222
1, 811
2,693
1,906
584
1,048
750
3 065
2, 630
914
20, 093
3, 433
1 242
1,804
2,666
1,866
568
1,030
755
3 108
2,696
925
24. 564
12 176
12, 388
r 25, 654
12 985
' 12, 669
' 23, 832
T
11 588
12, 244
' 25, 883
24, 525
11, 600
1,957
1.073
1,582
r
1, 752
22, 339
10, 139
1,751
1,214
1, 134
1,676
r
2,167
1,210
1,480
2,042
25,152
' 12, 392
2,390
' 1, 012
1,303
2,084
' 3, 545
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
r
9, 564
2, 114
2,395
r
12, 551
2,626
r
9 925
73, 588
70, 095
6,977
5,790
12, 286
9.928
72, 720
69, 366
6,910
5,728
12, 520
9,793
28, 803
6,311
3, 493
27, 767
6,648
3, 354
26, 559
6,569
3, 101
19, 836
3,522
1,232
1,817
2,614
1,834
550
1,051
743
2, 975
2, 624
874
r
26, 349
25, 479
13, 404
12 959
' 12, 945 ' 12, 520
25, 096
12, 520
2,201
1, 196
1,268
2,006
r 25, 682
12, 702
2, 093
1,131
1,697
2,184
2, 955
2,894
12, 576
2,879
9,697
2,776
2,821
12, 980
3,064
9,916
r
13, 101
>• 75, 713
' 74, 896 ' 73, 992
' 72, 442
71, 698
70, 696
7, 436
7,230
7,020
6, 235
6,218
6,100
12, 251
12, 025
12, 266
10, 509
10, 389
10, 140
29, 775
6,462
3, 271
29, 037
6, 558
3, 198
28, 823
6, 362
3,296
r
20, 100
3,411
1 186
1,839
2,646
1,876
562
1,024
773
3 142
2, 744
897
20, 129
3,445
1 139
1,834
2,612
1,907
574
1,038
772
3 169
2,731
908
20, 057
3,468
1 142
1, 811
2,614
1,862
577
1 044
768
3 140
2.750
881
776
3 107
2r 747
857
19, 928
3,488
1 133
1,792
2,487
1,929
588
1,045
805
3 119
2, 685
857
20,999
T g Q3Q
12,069
21 , 359
9 3if,
12, 043
22 163
9 677
1 500
843
1,039
1 798
r 21 642
r 9 631
r
1 666
T i 089
'886
gOO
21 946
9 543
1 443
947
975
1 792
2 127
' 2, 370
r
12 486
r
2, 617
'9 869
r 2 084
2, 106
r
12 Oil
r
2 318
T
9 693
1 977
2,409
12 403
2 618
9 785
63, 626
60 796
5 640
5 052
11 279
8 785
«• 60, 789
r sg 227
r
5 355
T 4 79g
r
10 687
r g 545
58, 259
55 940
5 101
4 526
10 345
8 393
25, 658
6,074
3,000
24 338
5, 702
2, 830
r 23 "26
r
5. 1 1 6
•• 2, 562
22 670
4, 905
2,319
r
r 22, 672
23, 235
' 23, 282
r 10 133
' 10 090 r 9 g3()
' 12, 539 ' 13, 145 ••13! 452
' 70, 116
67.015
6, 562
5, 609
12, 204
9, 512
T
22, 661
10, 110
1,635
1,041
1,082
1,843
' 67, 188
64, 188
6, 103
5 517
11,718
9 118
T
r
r
' 19, 924
'3,511
r 1 129
r
r
1,789
2 543
r 1,845
r
570
r 1 ()5()
r
r
r
r
r I
r
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURNOVER
Operating businesses end of period, totalj thous
Contract construction
do
Manufacturing
- -- do
Service industries
do
Retail trade
do
Wholesale trade
- do
All other
do
New businesses, semiannual total f
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
-
Discontinued businesses, semiannual totaif do
Contract construction
±
. do
Manufacturing ...
do
Service industries do
Retail trade
do . .
Wholesale trade do
All other
do
Business transfers, semiannual total
4, 178.8
p 4, 212. 4
p 433. 8
p 328. 2
v 739. 8
f 1, 864. 1
* 284. 8
P561.6
150. 9
25.8
11.9
199. 3
40 4
16.0
29.6
77.4
11 9
24 0
1 47. 5
22.1
14.6
24.2
61 . 2
7.6
17.8
p 165. 7
p24 3
Pl4. 7
p28. 7
"66 3
plO. 0
417 7
326.9
738. 9
1, 853. 0
282.9
559.4
22.8
60. 5
9.6
20 3
v2\. 8
do
BUSINESS INCORPORATIONS^
New incorporations (48 States)
number .
8, 274
9,468
7,943
9,659
9,507
8,968
8, 926
8,703
7,487
7 433
8 267
7 969
8 915
583
43
76
131
288
45
647
39
78
130
334
66
691
49
86
132
348
76
739
63
85
154
361
76
693
48
86
140
344
75
697
66
70
143
344
74
817
74
99
145
419
80
724
43
64
164
380
73
700
49
92
148
340
71
686
31
89
145
336
85
840
75
89
188
404
84
815
66
97
175
389
88
813
64
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
32, 379
1, 759
3 9QO
11,179
12 464
3 777
28, 529
1 077
3 868
10 267
10 275
3 042
33,817
1 286
4 451
13 676
9 790
4 014
37, 076
3 848
4 366
14 956
9 671
4 235
36, 795
2 687
43, 754
1 871
INDUSTRIAL AND COMMERCIAL
FAILURESd"
Failures total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade .
_ .
-.
_._
number
do
do
do
do
do
Liabilities, total
thous.
Commercial service
Construction
Manufacturing and mining .. ._. _.
Retail trade
Wholesale trade
.
of doL.
do. ..
do
do._ .
do
do
' 39, 830
1,210
2 789
17, 139
11 282
r
7 410
g9
193
38°
85
A91
A I r 4.
13 568
11 ' 083
4 836
93 731
9 757
4 ^41
4
r
Revised.
» Preliminary.
tRevised series. For manufacturers' inventories and orders, see corresponding note on p. S-3. Beginning 1953, data for operating businesses and business
turnover will be published on a semiannual basis; revised annual data for number of operating businesses (1929-52), new and discontinued businesses (1940-52), business transfers (1944-52),
semiannual data for operating businesses (second half 1944-52) by industry, and revisions for first three quarters of 1952 for all series as above (except transfers) are shown in the January 1954
SURVEY.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
^For these
are industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cf Data
from Dun & Bradstreet, Inc.
SURVEY OF CURRENT BUSINESS
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
December
S-5
1953
January
February
March
April
May
September
October
November
December
'257
r 235
219
' 207
452
'280
' 204
'191
251
'249
249
234
229
r 195
433
'269
'205
'218
263
'254
' 193
'252
268
'255
' 232
215
' 205
480
r
278
' 185
'207
' 263
213
280
' 319
261
223
276
305
' 265
' 229
276
299
r 275
' 230
260
271
248
261
271
250
262
273
249
259
270
247
June
July
August
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!
1910-14=100.Crops
do
Food grains
-do
Feed grains and hay
do
Tobacco
- do
Cotton
do.- .
Fruit
- do_.
Commercial vegetables, fresh market
do
Oil-bearing crops
do
Livestock and products
Meat animals
Dairy products
Poultry and eggs
do
do. ..
do
do. __
'268
'259
247
'226
428
'269
'214
'281
300
'268
'254
245
'222
419
'253
'220
'263
291
'264
'249
'241
'214
424
'256
'203
'275
287
264
'252
'247
'215
424
'268
'209
'267
291
259
'246
244
'213
424
'267
'207
'233
289
'263
'247
242
'212
426
'269
'206
'259
'286
'276
'284
'306
221
281
303
'294
218
277
305
'284
206
274
301
'276
'217
270
299
'263
'219
277
317
'256
218
264
270
257
'257
r 246
222
'204
425
'267
'219
'298
280
267
'300
'260
237
218
' 204
426
'270
r 238
230
' 205
427
'260
'237
'224
269
263
267
224
258
270
246
259
270
248
260
270
250
277
276
277
278
'93
r 90
90
91
210 3
210 0
'208 9
209 1
115 0
104 3
114 1
109 1
112 7
1141
115 2
105 3
113 8
109 6
106 6
113 5
115 4
105 5
113 6
110 1
107 7
111 1
115 0
105 5
112 0
110 5
107 4
107 0
117 8
106 4
108 1
123 8
121 5
112 6
107 4
129 7
118 3
118 0
106 9
107 4
125 1
121 8
112 7
107 6
130 6
118 4
118 4
106 9
108 1
126 0
122 6
112 9
107 8
130 7
118 5
118 7
107 0
108 1
126 8
122 8
113 2
108 6
130 7
119 7
118 9
107 3
108 3
127 3
123 3
113 4
108 9
130 1
120 2
118 9
107 2
108 1
127 6
123 6
113 6
108 9
128 9
120 3
109 5
110 9
110 6
111 0
110 2
97 9
94.7
85 4
95 9
96 4
98.0
86 5
88 1
98 1
96.0
88 3
90 6
OK o
94.2
87 9
82 0
109 8
r 93 7
'94.2
89 3
78 4
110 1
95 4
109.9
84 2
86 8
104.3
109 0
107.9
103 3
107 9
107 7
105 5
108 5
110 0
104 8
108 4
110 7
106 6
110 8
111 3
104 7
\\fy o
112 7
103 8
112 6
113 9
104 3
\ 12 2
111 3
104.4
89 2
104.0
93 8
103.7
91 6
105.0
97 0
104.7
93 6
104.7
97 4
104.9
88 9
104, 7
86 2
103. 9
89 6
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
114 7
106 7
120.0
93.5
51 1
113 0
107 3
114 6
106 7
119! 5
93.5
53 3
112 9
107 9
114 5
107 2
119.2
93.5
58 0
112 9
108 2
1 14 ^
107 i
118.6
93.8
58 5
113 9
107 9
r HI 2
267
269
264
267
268
265
264
266
261
265
269
261
264
269
257
281
284
281
282
280
280
277
279
279
Parity ratio 9 t
'95
94
94
94
92
'94
'93
93
'91
All commodities (U. S. Department of Commerce
index)
1935-39=100.-
209.6
209.0
207.8
208.2
207.9
208.2
209 7
210 1
210 1
Consumer price index (U.S. Department of Labor) :
All items
- -1947-49=100..
Apparel
do
Food
- -do
Dairy products
do
Fruits and vegetables
do
Meats poultry and
fish
do
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
115.9
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
116.4
105. 6
108. 2
120.7
119.3
112.5
108.0
128.9
115. 9
116.4
105.9
107.7
121.1
119.4
112.4
107.8
129.3
115.9
116.6
106. 1
108.0
121.5
119.3
112.5
107.5
129.1
115.8
116.8
106.5
108.0
121.7
119.5
112.4
107.7
129.3
117.5
117.0
106 5
107.8
122 1
120.2
112 5
107.9
129 4
117 9
117.1
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
U S Department of Labor indexes:
All commodities
1947-49=100..
109.6
109.9
109.6
110.0
109 4
109.8
Farm products
do
Fruits and vegetables, fresh and dried do
Grains
-.do
I ivestock and live poultry
do
99.2
112.3
96.1
86.8
99.6
107.3
94.6
92.7
97 9
102.2
93.1
91.2
99 8
105.8
94.7
91.7
97 3
106.9
93 8
87 5
97 8
105.4
93.4
91 7
Foods processed
do
Cereal and bakery products
do
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen
1947-49=100..
Meats poultry and fish _
do
104.3
106.8
113.0
105.5
106.8
111.9
105.2
107.6
110.9
104.1
108 9
109.7
103 2
109 2
108 5
105.0
93.9
105.4
99.3
105.5
98.2
105.1
91 2
112.9
103.3
112.3
91.3
52.8
113.0
106. 1
113.1
103.6
112.8
91.5
53.5
112.9
106.2
113 1
103.6
113.1
91.4
52.7
112. 7
105.9
do
223
' 194
439
'275
' 189
'198
255
•>69
985
r 282
' 218
r 255
Prices paid:
All commodities and services
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates!
- - --- --1910-14=100.-
r 229
r 2fifi
273
' 282
r 234
r
288
r
RETAIL PRICES
Housing
Gis and electricity
Housefurnishings
Rent
Medical care
Personal care
Reading and recreation
Transportation
Other goods and services
do
do
- do
do
do
do
do
do
do
1
114 9
105 3
112 3
110 3
109 2
107 8
WHOLESALE PRICES^1
Commodities other than farm products and
foods
1947-49 = 100
Chemicals and allied products
do _.
Chemicals, industrial
do
Drugs, Pharmaceuticals, cosmetics -do
Fats and oils, inedible
do
Fertilizer materials
do
Paint and paint materials
do
Fuel power and lighting materials
do
Coal
-do. ..
Electricity
.
do
Gas
do
Petroleum an d products .
do
Furniture and other household durables
1947-49 = 100_
Appliances household
do
Furniture, household
do
Radios
do
Television sets
do
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 9
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
99 1
105 7
116 5
110 9
112 3
98 0
106 0
116 5
111 2
112 5
98 5
106 6
116 6
112.3
107. 5
113.0
95.0
74.9
112.7
107 4
113.2
95.0
74.5
112.9
107 4
113.4
95.5
75.6
113.1
107 9
113.6
95 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
Footwear
._
Hides and skins
Leather
Lumber and wood products
Lumber
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.
111
73
96
121
120
0
7
4
1
1
°
99.9
111 8
74 6
95 0
120 4
119 3
99.7
111 8
74 2
94 5
119 2
118 3
97.1
111 7
64 4
90 4
118 1
117 2
121.5
121.8
126.2
119.6
119.8
192.1.
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.fi
123 4
122,7
130.8
124.8
118.fi
193 7
122.3
130.5
125.6
118.fi
124 0
122.3
130.9
126.2
118 fi
194 1
122.4
131.0
126.5
118 5
do
do
do
do
do
do
Machinery and motive products
do
121.4
Agricultural machinery and equip . . . do
121.7
Construction machinery and equip. .do
126.3
Electrical machinery and equipment. do
119.6
Motor vehicles
do
119.7
' Revised.
i Index on base previously used (1935-39=100) is
r
112 5
r 99 6
' 106 3
116 3
114.9
109 0
r H4 1
94 3
74 2
94 5
89.7
90 6
83 9
110
112
99
106
114
*>
5
6
3
9
114.9
109 0
114 1
94 1
74 2
116 3
95.6
111 8
57 7
89 1
117 4
1 16 4
124 9
122.5
' 131. 1
' 126. 6
118 5
124 3
122.5
131.1
126.7
118.7
'97.1
111 8
64 3
r 90 4
r U7 3
yill be shown later). January 1954
; oil-bearing crops, 268; livestock and prod9 Ratio of prices received to prices paid (including interest, taxes, and wage rates),
cf For 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
1952
February 1954
1953
December
January
February
March
April
May
June
July
| August
September
October
November
December
COMMODITY PRICES—Continued
WHOLESALE PRICESc?—-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
124.0
113.6
127. 0
122.3
114.6
12-1 0
112.7
117.7
124.0
113.8
127.1
122.5
114.6
124.0
112.8
117.7
124.6
113.9
127.5
124.4
114. 6
124.0
112.8
117.7
125.5
113.9
127.7
131. 5
115. 1
124.3
112.8
118.3
125.0
113.8
127.7
128.2
116. 9
124.6
114.2
122. 1
125.7
114.4
128.9
126.6
117.2
124. 7
115.5
122.1
126.9
114.6
130. 9
127.6
118. 1
125. 1
115. 5
122.1
129.3
115 1
135. 7
126 4
119.4
131 1
115.6
122 1
129. 4
115 6
136. 2
124 5
119.6
131 4
116. 1
122 1
128.5
115 8
134 6
122 8
120. 7
132 0
117.4
122 1
127.9
115 8
133 4
122 1
120 7
132 0
117 4
122 1
127.9
115 8
133 6
1^2 3
120.8
132 1
117.4
122 i
127. 6
115 5
132 8
122 1
120 8
132 1
117 2
129 i
Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubos
Textile products and apparel
Apparel
Cotton products
_
Silk products
Synthetic textiles
Wool products
do_
do
do_
do
do_
do
do
do
do
do
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
115.8
124.7
125. 0
126. 3
97.4
99.4
93.4
134. 7
87.5
111.6
115.8
125 1
124.6
126 4
97.5
99 3
94.1
134 7
87.5
111.7
116 2
125 9
123 5
125 1
97 5
99 3
94.1
134 7
86. 7
111 8
116 9
126 5
124 0
126 4
96 9
98 5
93. 7
134 7
86. 7
111 2
117 5
126 6
124 2
130 1
96 5
98 7
92.4
135 8
85 9
111 6
117
126
124
130
96
T
98
91
136
85
111
3
8
3
1
2
7
6
5
2
5
117 1
126 8
124 8
130 1
95 8
98 0
90 9
139 3
85 5
119 i
Tobacco mfrs. and bottled beverages
Beverages, alcoholic
Cigarettes
_
do
do
do-_
112.1
110. 5
112.0
111.9
110.1
112.0
111.9
110.1
112.0
114.8
110.0
124.0
114.8
110.0
124.0
114.8
110.0
124.0
114.9
110.0
124.0
115.6
110.0
124. 0
115. 6
110.0
124.0
116.2
111.2
124.0
118 1
114.9
124 0
118 1
114.9
124 0
118 1
114.9
124 0
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
90.2
87.2
87.9
90.4
87.0
87.6
90.1
86 8
87.9
90 7
86 7
88.0
91 1
87 0
89 3
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
Retail food prices
_.
.
__
1947-49=100
do_
do
1
90 8
i 87 0
89 0
1
CONSTRUCTION AND REAL ESTATE
CON STR UCTION ACTIVITY %
Nf w construction total
mil. of dol
Private total
do
Residential (nonfarm)
do
New dwellinc units
do ._
\dditions and alterations
do
Nonresidential building, except farm and public
utility total
mil. of dol
Industrial
do
Commercial
do
Farm construction
do
Public utility
do_
Public total
Residential
Nonresidential building
__
Military and naval
Highway
-Conservation and development
Other types
--
do -..
do
do
do.
do
do.
do
2,550
2,361
2,287
2, 527
2,758
2,947
3,209
3,282
3,317
3,295
3,211
2 988
2 661
1,795
1,627
1,574
1.729
1,872
1,991
1,012
2,160
1,123
2,194
1,126
2,177
1,088
2,129
1,066
2 05?
1 024
1 908
990
112
2,202
1,113
980
110
192
523
177
100
396
505
176
182
88
354
936
42
355
101
280
63
95
753
39
336
92
145
56
85
942
850
74
816
735
63
433
193
112
97
314
431
201
108
97
275
433
204
111
755
49
342
111
112
67
74
734
47
331
106
115
61
74
758
675
64
863
770
74
964
850
94
885
105
990
110
960
103
940
101
275
430
198
114
108
320
427
192
114
120
352
449
190
128
138
380
477
184
152
148
399
490
176
166
155
410
493
174
169
158
427
507
177
176
144
428
511
177
179
119
423
713
48
323
106
110
56
70
798
47
359
111
140
65
76
886
49
370
113
200
72
82
956
50
371
115
260
75
85
1,049
1,088
1,115
1,118
905
94
1,082
100,
50
380
120
330
80
89
46
373
119
375
79
96
44
371
119
405
75
101
r
46
372
105
390
68
101
46
376
116
400
72
108
952
850
78
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
34, 561
35, 475
40, 069
50, 484
55, 435
52, 544
53, 304
34, 661
50, 049
46, 564
42, 586
41,379
35, 777
Total projects
- number
Total valuation--thous. of dol_. 1, 467, 384 1 , 075, 868 1,021,310 1, 347, 518 1, 741, 542 1, 606, 091 1, 115, 509 1, 793, 342 1, 414, 408 1, 741, 673 1, 892, 388 1,394,050 1, 299, 764
372, 004
449, 779
672, 838
610, 348
416, 577
350, 709
553, 760
724, 682
532, 064
689, 264
477, 693
478, 814
483, 160
"^ublic ownership
do
743, 505 1, 182, 994
626, 089
930, 941 1, 068, 704 1, 052, 331
670, 601
882, 344 1, 016, 991 1, 203, 124
989, 691
910, 890
828, 950
Private ownership
do
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
Valuation
Utilities:
Projects
Valuation
3, 589
- -- number
51, 596
___thous. of sq. f t _ _
thous. of doL. r 709, 100
3, 529
31, 115
374, 321
4, 760
35, 566
449, 175
5,416
44. 455
680, 330
5, 728
45, 640
582, 001
5,020
35, 185
459, 230
6, 209
57, 374
764, 393
5,267
40, 292
545, 851
4,675
38, 407
783, 266
5,316
52, 435
758, 130
4, 199
40, 368
611,857
3.804
36, 450
540, 338
number
thous. of sq. f t _ thous. of dol_
-
3, 651
32, 343
406, 914
29, 808
48. 996
438, 580
30, 674
51,315
460, 036
29, 960
46, 658
418, 568
44, 115
65, 393
605, 200
47, 761
70, 602
673, 887
44, 317
66, 655
637, 721
*2, 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, 908
634, 582
35, 668
50, 247
484,168
30, 492
46, 614
433, 500
number
__thous. of dol..
835
778
134, 114
152, 793
135, 326
1,247
219, 157
1,849
293, 569
2,094
288, 783
1,874
138, 257
2, 336
269, 600
2, 335
304, 917
1,796
269, 625
1. 693
270, 064
1,177
239, 827
1,153
226, 634
number
thous. of dol
353
' 185, 590
315
56, 125
294
93, 095
362
73, 986
409
93, 756
405
b7, 526
430
54, 938
532
105, 942
408
56, 080
403
181,352
430
229, 612
335
58, 198
328
99, 292
151
180
186
177
205
210
179
195
194
161
197
192
169
179
164
174
216
183
205
175
184
221
181
218
220
178
230
201
176
189
178
172
166
149
206
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 (EN R)§
thous of dol
911
166
156
205
183
156 |
144
190
173
163
173
182
183
906 976 1,886,520 1, 023, 021 1, 120,978 1, 473, 244 1, 083, 795 1, 318, 070 1, 262, 992 1,111,213 1, 116, 572 1,469 252
Highway concrete pavement contract awards:©
7, 006
5, 698
3,509
9,537
8, 333
4,874
8,658
2 4, 675
Total
- -thous. of sq. yd. _
1. 652
278
495
1,675
413
1,226
973
446
Airports
__do
2
3, 315
3,215
1,481
4,590
5, 237
2,622
4,232
2, 775
Roads
do
1,533
3,273
2,682
2,105
2,140
1, 026
3,453
2 1, 454
Streets and alleys
do
T
1
Revised.
Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.5; consumer prices, 52.1;
awarded in prior months but not reported.
d"For actual wholesale prices of individual commodities, see respective commodities.
i Re visions for 1950-July 1952 will be shown later.
§Data for January, April, July, October, and December 1953 are for 5 weeks; other months, 4 weeks.
©Data for December 1952 and April, July, and September 1953 are for 5 weeks; other months, 4 weeks.
180
7,810
1,056
3,798
2,956
retail food, 44.1.
2
T
171
224
177
174
794 315 1 510 921
2
6,605
3,258
148
100
2
1,774
4, 336
22,121
1.384
Data include some contracts
6,094
822
3,691
1,582
7,187
1,102
4,066
2,019
r
S-7
SURVEY OF CURRENT BUSINESS
February 1954
1952
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Decem*
ber
19 53
January
February
March
April
May
July
June
August
September
93, 200
' 95, 100
r
r
r
r
October
November
December
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
71, 500
(U.S. Department of Labor)
number..
Urban building authorized (U. S. Dept. of Labor):
38, 170
New urban dwelling units, total!
_ number..
34, 029
Privately financed, totalj
do
Units in 1 -family structures!
do .. 26, 309
2,609
Units in 2-familystructurest
do
5,111
Units in multifamily structures J
_ do
4,141
Publicly financed, total
do
Indexes of urban building authorized:
r
Num ber of new dwelling units
1947-49 = 100. _ « 83. 2
« r 108. 2
Valuation of building, total
. . - do
0
106.6
New residential building
do. _
« '0 117. 5
New nonresidcntial building
do
92.8
Additions, alterations, and repairs.
do
72, 100
79, 200
105, 800
111, 400
108, 300
104, 600
96, 700
r
r
r
r
90, 100
80.. 000
46, 149
43, 381
' 42, 900
43, 143
r
' 34, 536
33, 626
r
r
2, 399
2 676
r
T
5, 931
6, 875
3 249
238
35, 707
34, 150
27, 807
2,098
4,245
1, 557
1
68, 000
32, 753
31, 987
24, 156
2,028
5,803
766
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
r 54, 064
r
51, 732
»• 41, 362
2 635
7,735
2 332
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
100.9
144.7
143.3
144.7
149.6
120.6
383
120.8
120.7
120.8
383
120.8
121.1
122.1
385
123.1
123.1
123. 1
392
122.8
122.9
123.0
392
567
604
573
522
558
399
568
611
574
522
560
398
567
611
574
523
559
398
569
614
579
525
561
399
572
614
587
525
564
401
572
616
592
524
568
402
573
616
592
526
568
411
580
639
601
526
574
411
583
639
601
526
574
416
583
639
601
521
574
417
584
640
604
524
572
418
585
641
609
525
576
418
585
641
609
525
576
418
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
253 0
258.7
255. 8
253 5
258 3
255. 6
253 2
257 3
256. 0
253 7
257 4
256. 3
253 8
257. 1
249.8
248.5
249.9
255. 5
251.0
248.9
250.6
256.6
232.6
251.1
248. 9
250.4
256.4
232.5
252.6
249. 2
250. 8
256. 6
233. 1
253.2
249. 5
251.3
256 6
233.3
255.2
251 0
252. 3
257 4
234.2
257.5
254 7
254.0
259 2
239.1
260.5
257 4
255.8
261 2
241.2
261.0
257 8
256. 0
260 0
241.6
262. 0
258 7
256. 0
259 0
242.3
261.9
258 6
255 2
257 6
242 5
262. 2
258 9
255 3
257 8
242 8
262
259
255
257
243
253 7
250.1
254 4
250.9
254 3
250.8
254 8
251.2
255 1
251.4
256 0
252.0
257 4
253 5
259 4
255 4
959 o
254 6
258 8
254 1
257 8
252 9
257 9
253 0
257 7
252 6
129 0
135 0
129 0
135 1
128 9
135 0
199 2
135 5
47, 267
45, 621
r 44, 539
46, 697
37,015 r r35, 689
' 2 906
2 254
r
T
6, 776
6, 596
1 082
570
'94.8
M41.8
133 8
156. 6
138. 0
r
r
r
' 78. 5
121.5
109. 7
!45.8
' 109. 7
r
r
r
71. 5
108. 5
95.8
134.2
96.8
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). .do
E. II. Bocekh and Associates:§
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete. -U. S. avg. 1926-29=100..
Brick arid steel
do
Brick and wood
_
_ do
Commercial and factory buildings:
Brick and concrete _ _
do
Bn'ck and steel
do
Brick and wood
__ _
do
Frame
do
Steel
_
.
_.
do....
Residences:
Brick
do
Frame
..
do
Engineering News- Record rd*
Building
1947-49=100
Construction
. do
Bu. of Public Roads— Highway construction:
Composite standard mile
1946=100
r
125. 7
129. 8
r
125.8
129. 8
T
125.7
129. 8
T
126 1
130. 3
T
126 1
130 2
r
126 1
131.1
139.4
138.6
r
128 7
133 5
129 2
!35 2
r
r
129 0
134 9
133.2
r
133 9
5
1
1
2
0
131 8
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted
..
do _
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
r
r
174 0
163. 5
r
r
177 5
156 8
r 17g Q
r 165 1
185 7
167 6
p 159 (5
v
161 0
REAL ESTATE
Home mortgages insured or guaranteed by—
193, 370
189, 690
211,027
187, 078
201, 159
Fed. Hous. Adrn.: Face amount ...thous. of dol._ 206, 739
193, 071
185, 610
203, 130
185, 545
193, 538
172, 353
227, 910
151, 570
247, 529
243, 300
Vet. Adm.: Face amount
do
215, 950
226, 936
241, 928
224, 596
291, 656
247, 905
309,429
284, 905
Federal Home Loan Banks, outstanding advances
627
683
611
626
864
to member institutions
mil. of dol
644
718
746
700
801
819
865
New mortgage loans of all savings and loan associa639, 133
523, 210
497, 314
677, 941
690, 277
tions, estimated total
_.thous. of dol__ 541, 295
706, 631
733, 216
757, 569
688, 142
684, 245
585 915
By purpose of loan:
205, 584
164, 177
225, 896
147, 444
Home construction
do__
231, 676
161,405
236, 513
217, 925
241, 284
190 304
218 785
208 137
222, 232
266, 289
288, 443
248, 448
292, 353
295, 337
Home purchase
do
339 956
327 046
355 316
328 453
318 359
265 424
45 705
62, 308
52, 694
60, 425
49, Oil
58, 627
49, 739
Refinancing
._ _ ..
_.do__
51, 969
59, 961
52 094
58 476
50' 671
19 454
25, 121
18, 408
26, 062
20, 253
Repairs and reconditioning
do
27, 643
19, 730
27 059
27 307
27 043
27 438
27 204
79, 831
63, 733
All other purposes . ._ ._ . __
do__
69' 780
77, 115
61,973
60, 219
76, 994
77, 618
80, 221
69, 343
71 845
65 028
New nonfarm mortgages recorded ($20,000 and
under), estimated total
thous. of dol__ 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 1, 548, 645
13.2
14.0
13.4
13.1
11.8
13.0
12.8
14.2
14.8
Nonfarm foreclosures, adjusted mdex.l935-39=100—
13. 6
83, 471
72, 706
76, 659
74, 127
64, 239
67, 362
107, 713
67, 644
Fire losses
- - _ .-thous. of dol
68 551
74 938
68 613
68 064
173,057
252, 433
83 440
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
Combined index
1935-39—100
Business papers
do
Magazines
do
Newspapers
do
Outdoor
do
Radio
do
Television 9
1950-52=100..
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
539
642
432
363
418
244
222
546
590
427
372
443
250
228
134. 4
164.9
124.8
161.8
Tide advertising index, unadjusted.. _1947-49=100_.
127.3
171.6
119.6
174.6
158.6
188.8
126.6
183. 3
146. 4
r
l
Revised.
* Preliminary.
Data for January 1954, 66,000.
{Revisions for dwelling units authorized for January-July 1952 will be shown later. Minor revisions back to 1915 for the Department of Commerce construction co:;t index are shown in
the May 1953 Construction and Building Materials Statistical Supplement.
§ Copyrighted data; see last paragraph of headnote, p. S-l.
d"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.
° Revised indexes for November 1952: New dwelling units, 89.2; total valuation of building, 116.3; new residential building, 118.3; new nonresidential building, 119.8; additions, alterations,
and repairs, 100.6.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
February 1954
January
February
March
April
May
June
September
October.
NovembCT
December
July
August
13, 247
557
4,129
433
238
' 3, 047
386
1,372
1.370
1,715
12,226
607
3. 684
435
226
2,985
412
1,335
992
1,550
' 11,707
679
3,363
366
290
'2,690
396
1,304
876
1,742
r 12, 1 45
739
' 3, 466
425
291
2,665
345
1,368
929
r
1,915
' 13, 827
979
r 3, 901
379
286
3.100
338
1,429
1,271
r
2, 146
13, 664
1,034
3,658
336
220
2,988
461
1,399
1,331
2,238
14, 185
896
3, 935
284
255
3.256
539
1,482
1.3.53
2,185
I
I
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
14, 925
522
4,278
357
323
3, 789
446
1,588
1,322
2, 301
13, 878
598
4,212
388
215
'3, 511
446
1,192
1, 295
2,022
' 12, 661
397
3, 846
329
203
* 3. 179
409
1,118
1,291
1.890
Magazine advertising:}
Cost, total
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
Beer wine, liquors
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
3, 209
1,744
3 118
818
1, 669
13, 555
Linage, total. ...
r
14, 662
521
4,403
349
234
r
3, 558
454
1,324
1.463
2, 357
14,218
508
4,268
385
223
' 3, 607
402
1, 331
1,415
2.079
14, 107
511
4,288
377
236
' 3, 550
372
1. 238
1,420
2,115
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
5,856
5, 770
3,604
7,915
10, 010
3,126
69, 846
5,071
5.405
2,193
7,555
9,599
3, 888
47, 531
3. 725
2,617
1,094
5. 109
7.035
4, 165
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
1,700
17, 308
4, 570
2,087
3,891
1, 615
1.677
13, 252
2,117
647
2,607
1,073
1,191
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
4,596
4,640
1,661
1,754
18, 753
3,874
3,826
4,999
1,446
1,603
20, 386
2, 975
1,904
3.277
618
L 702
13,310
3, 162
3,667
4, 251
4,991
4,699
4, 445
3,360
3,205
4, 136
4,965
5, 230
4,406
3. 161
219, 798
45, 563
174, 235
8,847
2, 550
24 506
138, 332
182. 718
50, 052
132, 666
9,121
3. 808
21, 433
98, 304
186, 115
49, 479
136, 636
8,720
2,377
26, 537
99, 001
231. 721
58. 456
173, 264
10. 877
3,017
33, 812
125, 559
233, 487
58, 194
175, 292
12, 535
2,910
35, 090
124, 758
244, 446
62, 385
182,061
13, 493
2,549
36, 191
129, 828
215, 965
56, 330
159, 635
13, 550
2,691
31,171
112, 223
187,997
53, 368
134, 629
11,581
3,074
24, 531
95, 442
198, 647
56, 553
142, 095
11,417
2,021
23, 034
105, 623
219, 558
54, 175
165, 383
11,910
2,515
31,684
119, 275
244, 370
55, 833
188, 537
14,312
2,776
39, 186
132, 263
241, 346
50, 718
190, 629
12, 579
2,789
37, 773
137, 488
224 299
43! 297
181.001
10. 048
2. 897
27. 60S
140. 449
7,299
thousands
thous. of dol . . 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
119, 269
5. 856
117,247
6,281
122,917
6, 556
119,218
5. 995
1 13, 791
6. 669
125. 106
do
do
do
do
do
...do
do
Household equipment and supplies
Household furnishings ..
Industrial materials
Soaps, cleansers, etc
Smoking materials
All other
.
.
Newspaper advertising:
Linage, total (52 cities)
Classified
. _.
Display, total
Automotive _
._
Financial
General
Retail
r
do
do...
do
do
do
do.
thous. of lines..
-
do
..do
do
do
do
do
do
.
.
POSTAL BUSINESS
Money orders issued (50 cities):
Domestic:
Number
_ -..
Value
PERSONAL CONSUMPTION
EXPENDITUR ES
Seasonally adjusted 6quarterly totals at annual rates:
Goods and service * total
bil of dol
224.4
227.7
230.4
231. 0
230. 0
28.2
11.5
12.3
4.4
30.2
13.4
12.4
4.4
30.7
14 3
12.1
4.4
30. 4
13.8
12.3
4.3
29.1
12 9
11.9
4.3
do
do
do
do
do
do
do
121.1
21.5
73 5
6.1
2 1
5.2
12 7
121 2
20.9
74 2
6.2
2.0
5.2
12.8
122.1
20 9
74 5
6.3
2.1
5 4
13.0
121.3
19.9
74.5
6.5
2.2
5.2
12.9
120.4
19. S
73. 8
6.7
2. 1
5. I
12.9
do
do
do
do
do
do
75 1
11.3
24.8
4.2
4.3
6. 1
24.3
76 3
11.3
25.3
4.3
4.4
6.2
24.8
77 6
11 5
25 8
4.3
4.4
6 3
25.4
79.2
11.8
26. 4
4.3
4.5
6.4
25.8
80. 5
11.9
27.0
4.4
4.6
6.4
26. 3
Durable goods, total
do
\utomobiles and parts
do
Furniture and household equipment. . .do
Other durable goods
do
"\ ondurable goods total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods
Household operation
Housing
Personal services
Recreation
Transportation
Other services
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), totaL.mil. of doL.
Durable-goods stores _
_
do
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
14, 082
5.003
2,737
14, 951
5, 319
2.926
2,175
203
1.039
571
469
2,411
136
676
374
302
2, 377
124
656
355
301
2,705
143
676
391
285
2,764
155
676
397
280
2,929
163
752
455
297
2,862
171
796
453
343
2,910
158
741
411
330
2, 690
148
785
435
350
2,594
143
724
389
334
2,770
156
830
475
355
878
588
290
684
518
166
660
492
167
788
588
200
868
649
219
897
662
234
965
733
232
961
725
236
964
736
228
943
712
231
968
711
256
11,696
8. 604
8,986
7,972
9,027
9, 264
Nondurable-goods stores
.
do
9,097
1,533
740
616
893
866
Apparel group
._
.
- . - do. _
873
888
184
145
184
427
187
Men's and boys' wear stores
do
198
188
254
560
368
286
362
342
Women's apparel, accessory stores
do
375
353
156
126
190
173
Family and other apparel stores
do
172
170
194
111
150
149
91
161
155
Shoe stores
_
. _
do.
513
392
387
381
383
Drug and proprietary stores
do
396
397
1. 109
1, 008
1,055
1,024
940
1,085
Eating and drinking places
do
1,093
r
Revised.
JUn published revisions for magazine advertising for Janua ry and A pi*il through December 1952 will I >e shown 1 iter.
9,007
708
149
277
151
131
392
1,181
8.987
699
133
276
161
129
390
1.188
9, 080
840
156
324
192
167
377
1,147
9, 632
902
177
361
205
158
394
1,134
Motor-vehicle, other automotive dealers
mil. of dol. .
Tire, battery, accessory dealers
do
Furniture and appliance group
. . do
Furniture, homefurnishings stores
do
Household-appliance, rad io stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers, .do
Hardware stores
do
r
13, 955
4, 742
' 2, 531
T
' 2, 388
T
143
'813
'465
'348
'862
' 623
'239
r
<>, 213
'196
'340
'194
'137
'384
' 1,051
16, 405
5. 019
2, 322
2, 136
185
1,002
550
453
852
561
292
11,386
1,315
344
485
293
194
513
1,108
SURVEY OF CURRENT BUSINESS
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
S-9
January
February
March
April
May
June
July
August | *£«».
October
November
December
DOMESTIC TRADE—Continued
RETAIL TRADE —Continued
All retail stores— Continued
Estimated sales (unadjusted) — Continued
Nondurable-goods stores— Continued
Food group
mil. of dol_.
Grocery stores
do
Gasoline service stations
do
3, 555
2,843
872
3, 395
2, 756
779
3,095
2,526
752
3,301
2,667
810
3, 395
2,742
826
3,485
2,858
888
3, 377
2,781
916
3, 478
2,897
971
3,425
2,858
960
3,350
2,783
908
3,567
2,997
914
' 3, 291
' 2, 740
898
3, 603
2,993
897
' 1,753
963
140
257
'394
'294
2,724
1,444
180
526
574
452
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
2,790
239
1,239
673
88
186
293
229
1,171
624
94
193
260
230
1,466
810
115
232
309
242
1,479
829
98
245
306
249
1.536
879
98
235
324
261
1,542
855
104
241
343
247
1,346
708
87
233
318
268
1,460
774
100
242
344
269
1,551
844
110
240
357
275
1,714
934
112
264
403
298
Estimated sales (adjusted), total
do ..
Durable-goods stores
do
Automotive group
_. _
do
Mo t o r - v e h i c l e , o t h e r automotive
dealers
- ..mil. of dol
Tire, battery, accessory dealers
do Furniture and appliance group . .. do
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
14, 410
4,871
2,617
14, 140
000
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
5,103
2,816
14, 469
5, 102
2,836
14, 073
4,914
2,629
13, 982
4,865
2,667
14, 040
5, 029
2, 859
2, 453
164
776
451
325
2, 572
167
773
443
330
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
153
786
441
344
2. 694
142
768
426
342
2,490
139
771
416
355
2,530
137
712
380
332
2,718
141
746
429
317
847
631
216
846
629
218
876
648
229
915
681
234
861
652
209
852
634
218
848
633
215
872
637
235
900
671
229
880
657
223
856
618
238
9, 539
987
232
389
206
160
9, 140
891
210
342
193
146
9,211
883
210
346
188
138
9,225
916
209
355
204
148
9, 156
865
199
348
185
132
9,270
915
204
375
189
147
9,309
919
195
382
193
149
9,367
900
196
357
196
152
9,159
812
168
320
193
131
9,117
796
168
310
175
144
9,011
768
155
299
169
146
r
9. 099
'787
'167
'314
' 163
'143
9, 224
835
184
328
168
156
411
1,091
3, 372
893
414
087
1,087
3, 353
714
2,714
850
412
1,075
3, 393
2,743
869
397
1,101
3, 376
2,741
845
405
1,082
3,407
2,773
855
404
1,086
3,367
2, 759
854
402
1,086
3,394
2, 785
868
393
1,115
3, 434
2,860
874
391
1,100
3,413
2, 834
880
387
1,077
3. 444
2, 843
877
383
1,070
3, 400
2,842
897
'394
' 1, 054
' 3, 375
r
2, 838
'910
406
1,076
3,417
2,866
916
1,690
918
123
262
387
275
1, 543
852
109
237
345
254
1,560
855
116
250
339
264
1. 582
870
118
254
340
263
1,526
835
107
254
329
271
1,628
902
118
265
343
268
1, 634
898
116
264
357
275
1, 636
874
119
286
356
283
1,595
868
109
264
353
279
1, 548
832
103
262
352
285
1,528
840
96
249
343
274
'1,571
'857
106
252
' 356
'278
1, 616
851
117
260
388
301
20, 234
9, 162
20, 476
21, 347
10, 059
11, 288
22, 649
10, 698
11,951
23, 161
11, 228
11,933
22, 760
11, 028
11, 732
22, 141
10, 737
11,404
22, 112
10, 706
11,406
22, 448
10, 547
11,901
23, 023
10, 615
12, 408
23, 584
10, 589
12, 995
' 23, 628 21, 186
' 10, 459
9, 855
' 13, 169 11,331
Lumber, building, hardware group
Lumber, building-materials dealers
Hardware stores
do
do 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
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
do
. _ . . _ do - _ _
do
do __.
do
General-merchandise group
do
Department stores, excl. mail-order. _do
Mail-order (catalog sales)
_. _ do
Variety stores
do
Other general-merchandise stores
do
Liquor store?
do
Estimated inventories:!
Unadjusted, total
Durable -goods stores.- _ _ _ _ _ _ _
Nondurable-ffoods stores
do
do do
1,521
187
521
561
411
2,730
540
9,540
' 14, 104 13, 916
' 5, 005
4,693
' 2, 776 2, 556
' 2, 630
'147
••754
'432
'322
2,408
148
740
429
311
'893
812
593
219
r
657
r
236
11,072
10, 936
21, 592
9, 906
3, 171
1,977
2, 523
21, 518
897
9,897
215
3,215
973
1,973
471
2,471
21, 707
10, 149
3,363
2,003
2, 497
21,981
10, 303
3,431
' 2, 020
2,529
22, 387
10, 543
3, 569
2. 048
2, 567
22, 455
10, 526
3,528
2, 070
2, 572
22, 294
10, 472
3,573
1,980
2,574
22, 743
10, 730
3,810
1,981
2, 555
22, 775
10, 624
3,737
1,987
2,531
22, 924
10, 921
3, 937
2,038
2, 520
22, 720
10, 727
3, 875
2,028
2,424
' 22, 437 22, 63o
' 10, 574
10, 645
' 3, 768
3, 748
' 1, 994
2,039
' 2, 419 2,448
11,686
2,490
621
11.621
2, 500
2, 301
3, 656
11, 558
2,418
2,244
3, 756
11,678
2, 500
2,224
3,770
11,844
2,528
2, 258
3, 851
11,929
2,487
2,317
3, 851
11,822
2,506
2,235
3,824
12, 013
2,628
2,214
3,923
12, 151
2, 593
2, 352
3,897
12, 003
2, 573
2,324
3,842
11, 993
2, 573
2,314
3,857
' 11,863
11,990
' 2, 527 2,497
' 2, 289
2,344
' 3, 823
3, 858
3,457
293
35
119
80
87
55
32
,285
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
180
17
72
58
62
58
30
2,576
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
2,524
171
13
65
59
60
60
25
2,760
188
18
73
57
64
59
30
1, 335
539
556
248
543
233
684
302
718
338
747
376
750
362
652
306
705
325
726
335
798
372
205
414
1,056
53
75
83
142
1,,039
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
68
60
92
172
1,038
67
57
107
182
1,035
68
55
107
183
1,014
71
47
2,638
2,,506
506
167
16
68
49
63
51
27
2,570
168
18
66
52
62
52
27
2, 591
171
18
64
55
61
53
31
2,579
171
17
69
51
63
56
26
2, 586
177
18
70
57
64
57
30
2,618
174
17
69
56
64
59
26
2,635
184
18
73
61
64
60
26
2,572
169
16
69
55
63
57
26
2, 562
165
15
63
55
63
59
25
General-merchandise group. .. .
do . _
727
817
315
Department stores _ _ . .
do
345
Dry-goods, other general-merchandise
98
stores
- _
mil. of dol
145
Variety stores
do._
181
210
Grocery stores
do
995
1,003
63
Lumber, building-materials dealers
do
64
Tire, battery, accessory stores
do
52
GO
' Revised.
fRevised series. See correspondiiig note on p. S-3.
756
359
769
357
745
343
795
377
778
356
782
359
735
328
716
317
101
187
1,000
69
61
114
189
1,004
69
57
112
190
1,018
64
58
108
200
992
60
54
112
201
1,030
61
54
104
208
1,045
61
47
109
198
1,044
62
50
105
199
1, 066
56
47
Adjusted, total
._ _. .
do
Durable-goods stores
do
Automotive group
do
Furniture and appliance group
do ....
Lumber, building, hardware group.., do
Nondurable-goods stores
Apparel group
- ~. Food group
General-merchandise group
do
do
do
do
Firms with 11 or more stores:
Estimated sales (unadjusted), total
do
Apparel group. .
.
___do
Men's and boys' wear stores do
Women's apparel, accessory stores
do
Shoe stores _.. . _ _ __
_ do-..
Drug and proprietary stores
do
Eating and drinking places
do
Furniture, homefurnishings stores
do
General-merchandise group
do
Department stores _ . ,
do
Dry-goods, other g e n e r a l - m e r c h a n d i s e
stores
mil. of dol._
Variety stores . . _ . do _
Grocery stores
do
Lumber, building-materials dealers
do
Tire, batterv, accessory stores
do
Estimated sales (adjusted), total
Apparel group
__.__.
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
.
Eating and drinking places
Furniture, homefurnishings stores
do _
do
do
do
do
do
do
do
2,301
3, 685
195
20
80
56
62
52
22
3, 443
284
36
112
79
88
55
40
801
'352
1,271
500
121
202
1,132
70
53
T
' 2, 587
' 176
20
'69
48
60
'53
32
' 121
' 199
' 1,001
' 58
49
194
409
1,130
49
70
2, 532
168
15
65
54
63
57
27
2, 569
' 173
' 17
68
'51
63
'55
'30
2, 625
185
20
74
55
63
53
27
698
317
723
' 321
763
320
103
190
1,059
53
51
' 109
'196
' 1,060
'57
52
130
203
1,070
59
49
r
r
SUKVEY OF CUEEENT BUSINESS
S-10
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
February 1954
1953
December
January
February
March
April
June
May
July
August
September
October
November
December
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. 84
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. 8., end of month :J
Unadjusted
-do _
Adjusted
do
Mail-order and store sales:
Total sales, 2 companies
thous. of dol_.
Montgomery Ward & Co
do
Sears, Roebuck & Co
.
do
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 ), total t
mil. of dol..
Dunvble-goods establishments
.
do.. .
Nondurable-goods establishments
do
Inventories estimated (unadj.). totalf. _ _ do
Durable-goods establishments
do
Nondurable-goods establishments.
do
183
231
147
226
126
224
123
222
122
220
124
220
123
219
114
214
113
218
125
222
132
229
146
238
194
259
48
17
47
16
44
15
49
17
46
15
46
15
47
15
46
15
45
15
46
15
48
16
47
15
46
15
49
42
9
47
42
11
47
42
11
46
43
11
47
43
10
47
43
10
47
43
10
47
42
11
47
42
11
46
44
10
46
43
11
46
44
10
48
43
9
196
221
189
' 207
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
115
130
107
112
115
128
114
118
110
114
121
119
111
136
146
129
137
142
144
129
121
129
142
144
136
r
131
» 192
P219
v 194
P188
p 187
*209
pl89
p 171
P178
v 188
P214
p 184
pl94
115
129
107
114
117
128
118
110
103
111
124
115
116
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
106
109
112
103
100
98
104
114
102
110
110
128
107
109
110
122
108
103
104
106
116
108
111
r 113
128
107
113
115
127
112
105
102
108
118
114
112
P112
pl27
p 108
P 115
p 112
P 125
p 114
P107
plOl
P107
P123
p 112
p 109
107
120
111
123
119
123
127
122
132
125
132
127
123
128
121
130
126
131
132
128
141
128
142
127
p 109
pl23
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
369, 320
93, 800
275, 521
511,657
138,930
372, 727
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
374. 3
335.9
428.3
312.7
278. 3
330. 8
291.8
391.4
339.2
317.3
368.4
315.1
400.0
335. 3
295. 9
358. 6
315.0
403. 7
308. 7
293.8
323.6
292.8
356.0
333.5
311. 5
377.7
320.5
396.8
288.5
27(). 9
r
300. 2
277.5
353.0
427. 3
434. 6
* 468. 2
400. 8
r
461. 7
541.0
487.5
560. 9
520.4
648. 6
353. 4
314.5
386. 0
341.9
407.2
9, 643
3, 139
6, 504
11,310
5, 541
5, 769
8, 474
2, 687
5, 787
11,404
5, 763
5, 041
8, 242
2, 862
5, 380
11,504
6, 002
5, 502
9, 398
3, 184
6,214
11,641
6. 243
5, 398
9, 270
3, 288
5, 982
11,493
6, 264
5,229
9,014
3, 079
5, 935
11,433
6, 259
5,174
9,917
3, 223
6, 694
11,453
6, 127
5, 326
10, 1S6
3, 150
7, 036
11,607
6,107
5,500
9, 386
3, 096
6, 290
11,750
6, 094
5,656
9, 759
3, 296
6, 463
12,013
6, 077
5, 936
9, 933
3,344
6.589
12,214
6,044
6,170
2. 973
6, 25S
r
12, 153
r
5. 902
r
6. 251
9,274
2, 986
6,288
11, 688
5, 675
6, 013
r
192
186
194
215
196
175
181
194
r 216
r
r
r
324.7
r
r
305. 6
339. 8
305. 0
368. 2
'9.231
r
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands.. 158, 233
EMPLOYMENT
Employment status of civilian noninstitutional
population:^
Estimated number 14 years of age and over,
total
..
..
thousands. . 110,315
52, 265
Male
do
58, 050
Female
-do....
Civilian labor force, total
Male
Female
Employed
Male
Female
- _
_- -. --
158, 448
158, 657
158, 848
159, 068
159, 260
159, 473
159, 696
159, 959
160. 228
160, 485
160,734
160, 957
i 110, 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
112 024
53, 260
58 765
112 142
53 332
58 811
do
do.
do
62, 921
43, 240
19 681
62, 416
43, 334
19 082
62, 712
43, 692
19, 020
63, 134
43, 892
19, 242
62, 810
43, 898
18, 912
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
63 353
43 709
19 645
g9 614
43' 56o
19 050
do
do.
do
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
61 925
42' 78°
19 143
60 764
42 228
18 536
5 697
55, 812
1 412
i 5, 452
i 55, 072
1,892
5,366
55, 558
1,788
5,720
55, 740
1 674
6,070
55, 158
1, 582
6,390
55, 268
1 306
7 926
55, 246
1 562
7 628
55 492
1 548
7 274
56, 134
1 240
i 7 og2
i 55 044
1 246
7 159
55 083
1 162
6 651
5o' 974
1 428
5 438
55 326
1 850
Agricultural employment
do
Nonagricultural employment . . __ do.
Unemployed
_
do
Not in labor force
do
i 48. 232
48. 224
47. 394
48. 076
48. 490
48. 434
46. 742
46. 874
46. 994
1 48. 21 5
48 495
48 fi71
4Q 59«
r
l
Rcvised.
*> Preliminary.
See note marked "tf" 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.
fRevised series. See corresponding note on p. S-3.
cf Beginning in January 1953, materials from the 1950 Census have been used in estimating the labor force statistics. Accordingly, the figures prior to January 1953 are not entirely com
parable 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 bj
approximately 400,000 and estimates of persons not in the labor force by about 200,COO. The unemployment estimates were practically unaffected. In September 1953, a further revision ir
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 witf
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, 1CO,000; March-August, 150,000; September-December minus 50 000
persons not in labor force—January, 70,000; February, 140,000; March-December, 200,000.
SURVEY OF CURRENT BUSINESS
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
December
S-ll
1953
January
February
March
April
May
June
July
August
September
October
November
December
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_-Financc, 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 L a b o r ) _ _ _ . _ _ _ thousands
Durable-goods industries _
do
Ordnance and accessories _ ___ _
do
Lumber and wood products (except furniture)
thousands. _
Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown
thousands..
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
.
thousands
Primary smelting and refining of nonferrous metals
thousands. _
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands .Heating apparatus (except electrical) and
plumbers' supplies _
thousands
Machinery (except electrical)
do
Electrical machinery _ . __
do
Transportation equipment
do
Automobiles. _ _ _ _ _ _ _ _
do
Aircraft and parts
do
Ship and boat building and repairs do
Railroad equipment
do
Instruments and related products
do
Miscellaneous rnfg. industries
do
Nondurable-goods industries
do
Food and kindred products
do
Meat products.. ._
do
Dairy products
do
Canning and preserving
do
Bakery products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products ...
do
Broad-woven fabric mills
do____
Knitting mills
do___I
Apparel and other finished textile products
thousands
Men's and boys' suits and coats. _._ do.
Men's arid boys' furnishings and work
clothing
thousands
Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills-. do
Printing, publishing, and allied industries
thousands -.
Newspapers .. __
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
" Revised.
*> Preliminary.
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
48, 685
17, 135
10, 103
7,032
846
100
57
318
48, 860
17, 077
10, 117
6,960
835
100
51
310
49, 058
17, 040
10, 096
6, 944
831
100
56
300
49, 416
17, 162
10, 121
7, 041
835
101
54
299
49, 215
17, 069
10, 007
7, 062
823
100
49
290
49, 409
17. 258
10, 006
7,252
831
100
50
291
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
271
99
2,301
4,235
1,361
131
694
48
543
272
102
2,416
4,244
1, 376
131
682
48
542
271
104
2,509
4,279
1,387
131
697
49
544
276
105
2, 608
4,315
1,400
131
700
49
552
280
105
2,662
4,340
1,410
131
710
48
559
284
106
2,715
4,337
1, 407
129
704
48
561
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
6,666
10, 314
2,713
7,601
1, 397
1,398
820
2,014
5,307
464
344
181
6,653
10, 348
2,712
7, 636
1,406
1,399
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
10, 355
2, 736
7,619
1, 350
1,401
846
2, 075
5,413
538
355
180
6, 478
10,334
2,733
7,601
1,356
1,391
851
2,076
5, 409
538
351
176
6,449
' r10, 464 ' 10, 615 ' 10, 769 p 11,310
2, 736
' 2, 767 ' 2. 791 p 2, 793
' 7, 728 ' 7, 848 ' 7, 978 p 8, 517
' 1, 421 ' 1, 499 ' 1, 605 !' 1,970
r
1, 402
' 1, 423 - 1, 433
P 1, 456
854
849
'858
p 872
2, 054
2. 047
- 2, 048
P 2. 055
r
5, 296
5, 393
- 5, 330
P 5, 268
'443
-480
432
-346
346
'347
r 180
186
186
6,663
6, 749
- 6, 740
P 7, 023
48, 957
16, 870
871
2,548
4,281
10, 397
1,988
5, 290
6,712
49, 014
16, 949
872
2, 531
4,246
10, 437
1,989
5,298
6, 692
49, 113
17, 039
867
2,562
4,261
10, 445
1,987
5,300
6,652
49, 148
17, 168
854
2,529
4,272
10, 390
1, 993
5,305
6,637
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
17,303
816
2,511
4,293
10, 524
2,044
5,333
6, 687
49, 302
17, 126
821
2,514
4.287
10, 489
2,055
5,329
6,681
* 49, 216 ' 49, 205 ' 48, 843 P 48, 462
' 16, 959 ' 16, 788 ' 16, 587 v 16, 360
'820
- 807
-813
P812
r
2, 571
' 2. 607 - 2, 5X3
2, 532
r
4. 301
' 4, 316 ' 4, 279
4,219
' 10, 503 ' 10, 562 ' 10, 482 P 10, 481
2, 064
2, 068
' 2, 069
2, 065
- 5, 313
' 5, 330
5,323
5, 321
6, 685
6, 727
' 6, 707
6, 672
13, 699
8,010
137
13, 619
8,020
139
13, 733
8,115
142
13, 831
8,211
147
13, 758
8,215
150
13, 699
8,179
156
13, 787
8,190
158
13, 666
8,056
162
13, 851
8, 054
159
' r13, 832 ' 13, 635 ' 13, 326 P 13, 067
8, 016
' 7, 945 - 7, 767
p 7, 610
159
' 155
-150
p 148
704
420
330
458
676
406
329
451
677
404
332
453
688
408
333
459
701
416
329
462
713
422
322
461
731
432
317
465
718
426
315
456
722
429
315
463
87
1,137
87
1,139
88
1,142
90
1,145
91
1,144
91
1,138
92
1,143
87
1,134
89
1, 128
561
562
563
564
562
562
567
571
572
' 561
41
41
42
42
42
43
43
44
44
44
922
931
942
952
952
952
956
938
946
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
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
803
535
136
63
245
415
120
1,264
892
1, 533
796
537
134
55
241
403
122
1, 235
905
1,521
775
545
130
59
239
420
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
5,610
1,184
240
94
244
184
139
85
1, 094
490
226
5,797
1,264
240
93
316
182
143
107
1,102
486
231
r
r
5, 816
1, 297
242
88
'342
-183
' 140
' 114
' 1, 097
'481
'229
1,114
121
1, 109
119
1,137
124
1,139
126
1,086
124
1,061
125
1,072
127
1,053
118
1,109
129
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
277
314
442
225
505
147
162
518
189
498
144
161
516
190
497
144
159
519
189
499
146
159
526
190
498
146
158
526
191
499
148
158
517
192
502
148
159
513
195
496
146
157
508
195
- 49, 695 ' 49, 640 - 49, 308 p 49,619
- 17, 221 '17,017 ' 16, 708 v 16, 440
- 9, 955
' 9, 878 ' 9, 700 P 9, 538
' 7, 266 ' 7, 139
' 7, 008 P 6, 902
'814
'826
'810
p812
100
'99
99
p 98
49
50
49
'283
'291
-285
P 28(5
r
279
106
2, 751
r 4, 323
- 1, 394
M28
698
48
' 555
r
274
105
' 2, 7G3
' 4, 309
1.383
128
700
48
' 551
277
104
' 2, 661
' 4, 272
1,356
128
699
48
552
p 102
P 2, 481
P 4, 230
'705
-419
313
'464
'681
407
P311
-457
P 449
'91
1, 103
91
- 1, 082
P 1, 056
'558
546
43
42
'944
'930
- 908
121
' 1, 228
913
' 1, 493
'738
'555
130
' 58
'241
'428
r 121
115
' 1, 204
-888
' 1, 417
701
520
127
'713
'423
'315
' 465
r
91
1, 117
r
T
1, 216
906
' 1, 482
-732
-553
127
' 58
241
430
^655
p 307
p871
p I, 202
p 863
P 1, 407
243
424
p241
p412
' 5, 690
' 1, 208
-247
82
'239
- 184
' 135
- Ill
- 1, 078
-476
' 226
- 5, 559
- 1, 140
256
79
177
181
132
- 103
r
1, 056
467
218
P 5, 457
P 1, 073
' 1, 087
129
' 1, 086
128
- 1, 069
125
p 1, 074
291
335
450
227
290
'316
454
'228
289
'314
'452
-227
282
316
-450
226
p 4-47
499
146
156
511
196
' 509
- 149
159
515
' 193
' 514
150
161
512
- 190
511
150
161
509
188
r
r
p 99
P 1, 037
P 510
p 503
SURVEY OF CURRENT BUSINESS
S-12
I 7 nless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
Decem-
ber
February 1954
January
Febru-
ary
March
April
May
June
July
August
Septem-
ber
October
Novem-
186
'143
'209
86
'333
'212
184
142
'205
83
'333
215
ber
Decem-
ber
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Production workers in mfg. industries— Con.
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Products of petroleum and coal
thousands. .
Petroleum refining
do
Rubber products
__do
Tires and inner tubes
do
Leather and leather products
-do
Footwear (except rubber)
do
Manufacturing production-worker
employment
index, unadjusted (U. S. Dept. of Labor)
1947-49=100-.
Mamifacturing production-worker employment
index, adjusted (Federal Reserve) ... 1947-49 =100. .
Miscellaneous employment data:
Federal and State highways, total§
number. .
Construction (Federal and State)
do
Maintenance (State)
do
Federal civilian employees:
United States
thousands
Washington, D. C., metropolitan area. -do
Railway employees (class I steam railways) :
Total
thousands .
Indexes:
Unadjusted
1935-39=100
Adjusted...
..
do ._
187
144
219
92
359
232
186
144
219
92
359
236
110.8
110.1
186
144
219
91
364
238
111.0
186
144
221
92
363
238
188
144
221
92
355
232
188
143
220
93
344
226
190
145
220
92
351
231
190
145
213
90
344
224
191
146
214
90
351
228
111.8
111.2
110.8
111. 5
110. 5
112.0
' 111.8
r
' 188
' 144
'214
'90
'341
'221
f 1*3
~""P 201"
* 331
' 110.2
T
107. 7
r 105. I)
108.4
T
106.8
r 104.9
110.6
111.2
112.0
112.4
112.6
112.7
112.4
111.0
250, 904
77, 795
117, 558
239, 117
66, 668
116,321
233, 697
65,912
112, 723
240, 604
71,537
112,856
259, 370
91,151
112,583
280, 496
1 10. 780
114,107
312, 091
131, 103
120, 212
326, 974
140, 319
124, 974
336, 979
149,936
123, 676
329, 727
147, 734
119, 845
2, 378
245
2,370
245
2,348
244
2, 331
241
2,313
238
2,291
234
2,291
234
2,268
230
2, 245
227
2.218
224
2,192
222
2,189
221
2. 1X0
220
1,260
1,229
1,219
1,223
1,239
1,251
1,263
1,274
1,271
1,258
1,248
1, 222
i,i ( .»n
119.8
121.7
117.1
121.8
116.1
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
120. 0
117.1
119.0
115.2
P 116.4
' 115. 4
r< 113.2
i- 1 1 5. 0
150.9
148.4
149.3
151.9
150.0
149.9
150. 8
148.9
151.6
' 150.9
' 149. 4
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
40.3
40.8
41.2
40.5
41.1
40.9
39.9
40.6
41.0
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
40.7
40.4
39.8
40.8
39.0
40.9
40.9
41.1
40.9
41.1
39.8
41.0
41.0
41.4
40.9
40.9
40.3
41. 1
40.9
40.8
41.8
41.9
41.7
41.7
41.6
41.6
41.5
43.3
42.4
42.2
42.4
42.2
42.1
42.0
42.1
43.5
42.1
42.7
42.4
43.9
40.2
41.6
42.8
42.3
40.5
43.0
41.7
41.9
41.4
43.3
39.6
40. 7
41.8
41. 4
41.0
42.8
41.2
41.8
41.7
43.0
38.3
40.6
41.7
41.1
41.0
43.1
41.5
41.7
41.8
42.3
39.2
40.5
41.9
41.5
40.7
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. 5
42.1
44.4
43.6
37.7
41.3
40.9
39.2
40.8
41.0
39.1
39.8
41. 1
41. 7
43.8
38. 2
40.9
40.3
38.5
40.1
40.4
38.0
39.8
40.7
40.0
43.9
38.0
41.2
40.4
36.9
40.1
40.2
38.5
40.0
40.8
40.3
43.4
37.6
41.6
40.2
37.8
40.0
40.0
38.7
39.5
40.4
39.9
43.2
36.6
41.2
40.6
37.2
39.3
39.7
37.3
37.3
36.8
36.7
36.4
37.3
37.7
37.7
38.9
38.4
36.2
44.0
44.5
37.3
35. 9
43.1
44.0
37.9
36.4
43.0
43.9
39.5
37.1
40.8
41.7
41.2
40.6
40.5
41.9
41.1
39.6
39.3
38.7
35. 4
40.4
41.2
40.7
40.6
40.5
41. 1
40.2
39. 3
39.3
38. 6
35.7
39.9
41.3
40.3
40.3
40.1
41.3
40.8
39.4
39.4
110.0
109. 8
' 315, 207
' 138, 824
117, 069
233, 814
110, 322
114, 128
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor )„ 1947-49 =100. .
r
145. 7
' 143. 2
40.3
41.0
41.0
' 40. 0
40.6
' 39. 8
T 40. 1
r 40. 8
i- 40. 7
'40.2
'40.4
' 40. 5
4(14
'39.3
'40.2
' 41. 0
'41.3
'41.0
'41.1
'39.7
'40.3
' 40. 2
40.3
'40.6
' 40. 6
39.4
'39.9
MO. 8
p 40. 7
41.0
'40.0
'40.2
39.8
41.2
41.2
'41.3
'41.2
41.6
41.3
41.4
40.7
41.2
41.0
40.1
42.2
40.8
41.2
41.5
41.2
39.5
40.0
41.5
40.9
40.1
41.7
40.1
40.8
40.7
41.5
39.5
38.8
40.6
39.7
40.0
41.8
40.7
41.2
41.2
41.8
39. 5
38.6
41.0
40.6
39. 0
41.6
' 40. 5
'40.3
' 39. 9
41.4
'38.1
'39.1
'41.2
' 40. 1
'40.2
42.0
40.4
'41.0
'41.2
' 41. 6
' 38. 5
'39.1
41.4
' 41.0
39.1
'41.6
M2. !
'40,3
v 40. 4
' 40. 0
MO. 1
40. 5
41.6
37.9
38. 3
' 41. 3 ""v~4l.~5
T
40. 7
p 40. 9
39. 5
41. 1
40. 6
44.0
37.6
41.3
41.6
37.0
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
40.7
44.7
40.4
41.6
43.1
37.4
39.1
39.5
37.2
39.6
41.4
40.6
44.2
40.1
41.4
41.9
38.9
39.0
39. 2
37.7
'39.0
' 42. 0
'41.4
44.2
'41.3
'41.8
' 41.7
' 39. 1
37.7
37.9
T
-if>. 0
39.2
41.5
' 42. 3
43.2
' 40 2
41.3
' 40. 5
'39.4
38.2
38.2
' 37. 5
' 39. 1
41.4
43.3
42,9 —
37.2
40.9
39. 8
r
38. 2
' 38. 2
38.4
37.1
37.0
37.6
36. 5
37.7
36.4
36.9
36.0
36. 8
36.6
37.4
34.8
H5. 4
' 3(5. 1
36.1
' 35. 5
35. 8
38.4
36.3
43.3
44.0
37.8
36.0
43.0
44.1
37. 3
35. 2
43. 0
44. 0
37.4
34.7
43.1
44.2
36.9
34.6
43.2
44.5
37.3
35.3
43.3
44.4
' 36. 0
' 32. 4
42.7
'43.7
' 36. 6
'34.2
43. 0
43.8
39.1
30.0
40. 5
41.5
40.8
40.5
40.4
41.6
41.7
39.3
39.1
38.9
36.4
40.2
41.5
40.9
40.5
40.3
41. 1
40.7
37.8
37.2
39. 0
36. 7
40. 1
41.5
41. 1
41.1
40.6
40. 3
40.4
37.4
36.7
38.8
36. 5
40. 0
41.4
41.0
40.8
40.5
40.7
40.0
38.2
37.8
38. 6
36. 0
40. 0
41.5
41. 0
41.4
41.2
40.5
40.2
38.1
37. 9
38.9
36. 0
40.1
41.0
40. 6
41.1
40. 6
39. 8
39.1
37.8
37.3
38.8
36.2
40.0
'41.5
' 40. 8
41.1
40.7
'39.0
'37.8
' 35. 5
'34.4
'39.0 I
36.2 •'
40.8 <1
41.2
' 40. 1
40,8
40. 3
' 39. 4
' 38. 0
35.9
'34.5 ;
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, machinery, transportation equipment) .hours ..
Heating' apparatus (except electrical) and
plumbers' supplies
hours. .
Machinery (except electrical)
do
Electrical machinery _ _
do
Transportation equipment
.
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs. -do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
do
Nondurable-goods industries ..
Food and kindred products
Meat products
_
Dairy products
Canning and preserving .
Bakery products _
_
Beverages
Tobacco manufactures
Textile-mill products
Broad-woven fabric mills
Knitting mills-.
.
--.
do
do
do
do
do
do
do
do
do
do
do
Apparel and other finished textile products
hours.
Men's and boys' suits and coats.
.do
Men's and boys' furnishings and work
clothing
..
hours
Women's outerwear
.
_,
do
Paper and allied products
do
Pulp, paper, and paperboard mills.. .do
Printing, publishing, and allied industries
hours..
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
r
Revised.
* Preliminary.
§TotaI includes State engineering, supervisory, and administrative employees not shown separately.
35. 7
34.2
42.9
44.0
P 40. 3
r 40. 2
Ml. 5
P 39. 2
Ml. 2
—
r 39. 0
p 38. 4
p 35. S
p 42. 9
38.8
* 39. 2
36.2
40.5
'41.4
P 41.4
40.4
P 40. 3
40.8
40.7
39. 6 " " ' 39. 0
38.9
' 35. 9;"" p'37.'6~
34. r,
SURVEY OF CURRENT BUSINESS
February 1054
C nless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
S-13
January
February
Marsh
April
'
May
June
July
August
September
October
November
December
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
Non-manufacturing industries:
Mining:
Metal
hours
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours.Nonrnetallic mining and quarrying
do
Contract construction
do
NTonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas arid electric utilities
do
Wholesale and retail trade:
Wholesale trade.
do
Retail trade (except eating and drinking
places)
. ... . hours -General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers. . .do
Service and miscellaneous:
Hotels year-round
do
Laundries
do
Cleaning and dyeing plants
do
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
36.8
36.5
42.7
34.1
34.4
44.0
25.2
37. 3
-44.0
-28.5
- 34. 6
-42.8
29.5
36. 2
42.9
25. 5
32. 6
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
37.1
41.7
45.9
38. 6
42.5
37.6
-40.7
- 45. 0
- 36. 9
-39.9
-36.1
40.2
- 45. 6
38. 5
42.1
37. 5
41.3
44.1
37.0
39 4
36.4
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
45.1
39.0
42.0
41.7
45. 0
38.7
42.0
41. 5
- 45. 0
39.4
42.1
41.8
-44.7
38. 6
41.6
41.7
44.2
38.9
41.2
41.6
40.9
40.4
40.5
40.4
40.3
40.3
40.4
40.5
40.4
-40.4
- 40. 6
40. 5
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
36.2
39.9
44.9
39.8
35.8
39. 9
44.6
39.1
- 34. 8
39.2
44.3
39.0
- 34. 7
38.4
44.7
38.9
34.8
38.4
44.4
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
42.2
40.1
39.2
42.3
39.9
38.9
42.0
-40.2
- 40. 0
42.6
40.2
- 40. 1
42.6
40.0
39.4
350
200
350
120
450
180
500
275
525
270
500
250
475
260
^50
230
375
110
350
190
250
100
200
80
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, 750
.40
700
410
3, 000
.30
675
400
2, 800
.31
600
210
1,550
.17
550
250
1, 450
.15
450
185
1. 500
. 18
400
170
1,400
. 15
474
455
521
553
577
612
574
572
605
544
433
378
- 1,035
1,156
-733
1, 084
-783
1,014
-831
961
889
800
833
-977
861
-792
816
814
779
914
840
1,235
1,115
1, 616
1, 509
953
94, 360
956
86, 827
930
92, 308
840
82, 990
772
72, 144
734
72, 033
675
69, 175
679
54, 579
651
65, 300
656
66, 104
809
78, 979
1, 124
120, 780
20
29
29
- 3, 271
16
34
36
3, 667
15
34
39
4, 405
13
29
34
- 3, 888
13
25
29
3, 142
16
25
27
3, 087
17
27
28
3, 322
15
27
30
3, 235
14
24
28
3,046
16
23
24
2, 600
24
31
32
3, 096
33
45
47
5, 043
4.4
4.1
.4
.8
2.5
.3
4.3
4.3
.4
.9
2.7
.3
5.1
4.2
.4
.9
2.6
.3
4.1
4.3
.4
1.1
2.5
.3
4.3
4.8
.4
1.3
2.9
.3
4.0
5.2
.4
1.5
3. 1
.3
3.3
4.5
.4
1.8
2.1
.3
2.7
-4.2
.3
-2.3
1.5
.3
p 1.9
^4.3
P 2
P2.9
Industrial disputes (strikes and lock-outs):
Beginning in month:
179
Work stoppages
number
34
Workers involved
thousands
In effect during month:
369
Work stoppages
number 82
Workers involved
thousands
854
Mnn-days idle during month
do
.09
Percent of available working time
U. S. Employment Service placement activities:
467
Nonagricultural placements.
thousands
Unemployment compensation, State laws (Bureau
of Employment Security):
r
1, 099
Initial claimst
thousands 892
Insured unemployment, weekly average* _ .do
Benefit payments:
672
Beneficiaries weekly average
do
69, 068
\mount of payments
thous of dol
Veterans' unemployment allowances:^
16
Initial claims
_ thousands -18
Insured unemployment, weekly average
do
17
Beneficiaries, weekly average
do
- 2, 098
Amount of payments
thous. of doL.
Labor turnover in manufacturing establishments:
3.3
Accession rate.. _. monthly rate per 100 employees, .
3.4
Separation rate, total
-do
.3
Discharge
..do
1.0
Lay-off
-do
1.7
Quit
.
do
.3
Military and miscellaneous
do
4.4
3.8
.3
.9
2.1
.4
r
4.2
3.6
.4
.8
2.2
.4
T
r
r
4.1
4.4
.4
1.0
2.7
.3
r
r
»'.2
WAGES
Average weekly earnings (U. S. Department of
Labor) :
71.63
72.14
71.34
71.93
71.40
71.63
71.17
All manufacturing industries
dollars
71.33
71. 69
-71.42
71. 73
p 71. 78
- 71.60
77.42
76. 91
77.78
77. 15
77. 52
77. 38
Durable-goods industries .
_do
77.19
76.70
77.27
- 77. 14
- 77. 90
76. 73
"77. 11
r
78.88
76. 73
75. 85
77. 38
76.52
77.46
78. 25
Ordnance and accessories
-do
- 79. 13
77.87
78.12
79.13
76. 42
p 78. 55
Lumber and wood products (except furniture)
65. 00
67.48
63. 09
63. 96
64.21
65.19
dollars ..
66.10
66.34
- 66. 83
66. 67
- 66. 33
" 63. 27
- 64. 72
67.16
64. 37
62. 47
Sawmills and planing mills
do
63. 34
65. 61
63.43
64. 71
67. 40
65.85
- 67. 06
- 67. 73
65. 29
62.73
64. 63
62. 51
62. 58
63.19
Furniture and fixtures __ do
62.67
63. 65
62. 58
- 62. 78
60.89
- 63. 96
- 63. 34
P 64." 06
70. 69
68. 21
69. 31
Stone, clay, and glass products
do
70.86
69.29
70.21
70.28
70.58
71. 51
71.10
- 71. 93
P 71.23
- 71. 46
Glass and glassware, pressed or blown
65. 53
68.40
66. 23
68.46
64.15
dollars ._
67.80
67.89
67. 08
- 69. 08
68. 46
-69.17
70. 13
84. 02
Primary metal industries .
do
83.84
84.87
84.65
83.21
83.22
84.23
85. 28
- 85. 63
85.07
- 84. 23
- 82. 99
" 83. 62
Blast furnaces, steel works, and rolling mills
86. 51
87. 53
89. 01
85.89
86. 72
85.89
84.63
dollars ._
89.76
- 90. 80
90. 20
r 88. 44
86. 76
Primary smelting and refining of nonferrous
79.61
78. 58
80.10
metals . .
dollars
79.46
79.65
79.46
80. 34
79. 65
81.16
-81.99
- 84. 67
82.78
Fabricated metal prod, (except ordnance, mar
78. 37
77.28
76.74
76. 41
chinery, and trans, equip.)
dollars. .
77.04
76.80
77.23
77. 59
76. 59
75. 70
77. 04
P 78. 02
76. 67
Heating apparatus (except electrical) and
75.78
74.21
74.21
74.48
72. 98
72.90
plumbers' supplies.
dollars _ .
73. 31
72.98
72.80
71. 76
- 73. 97
71.94
83.52
82. 99
83.03
84.05
83.46
Machinery (except electrical)
,
do
82.88
82.29
81.73
81.93
82.37
83. 58
- 82. 78
P 83. 78
71.57
71.72
71.28
72.21
70.99
71.40
71.86
Electrical machinery
-do. ,_
70. 58
71.63
-71.91
- 71. 69
- 71. 73
p 71. 91
87.11
85. 06
85. 69
Transportation equipment
do
84.67
85.49
85. 70
85.70
84.86
85.70
- 84. 23
- 86. 10
- 85. 26
p 85. 01
90. 31
86.94
88.83
Automobiles
do
87.99
88.20
87.15
89.23
87.91
88.58
- 86. 58
- 89. 40
87. 89
86.04
85.73
85.14
Aircraft and parts
__ .
do
81. 99
84. 18
83.16
82.57
83.60
82.59
- 83. 21
- 84. 03
84.45
77.99
76. 03
80.19
76.60
Ship and boat building and repairs. ..do
79.40
78.79
80.19
80.98
80.58
- 78. 49
- 79. 70
78. 45
81.12
79.98
81.41
79. 79
79.37
81. 61
Railroad equipment
do
81.20
78. 36
77.99
- 80. 94
- 80. 94
79.28
75. 76
73. 57
73. 39
Instruments and related products
do
73.74
72.10
73.22
73.87
72.98
71. 86
74. 52
' 74. 16
- 74. 75
65. 57
64. 17
Miscellaneous mfg industries
do
64. 12
64.21
64. 74
64.43
63. 74
63.80
62. 33
- 63. 36
- 65. 19
- 65. 12
»65.'44
- lie vised.
* Preliminary,
flievised series. Beginning witli this issue of the SURVEY , data hav e been rev sed to excl ude transit ional clair ris and. tlu r of ore. mo •e closely r epresent in stances of new unem ploy men t.
Figures for January-November 1952 follow (thousands): 1,350; 867; 833; 1, 034; 889; 957; 1,489; 714 ; 559; 669; 576.
*New series. Compiled by the U. S. Department of Labor, Bureau of Employment Security. Data for insured unemployment for continental U. S. (excluding Alaska) have been substituted for the series on number of continued claims filed. The insured unemployment series is derived by adjusting the number of weeks of unemployment for the lag between the week of
unemployment and the time the claim is filed, so that the adjusted series refers to the week in which unemployment actually occurred. The monthly figures are averages of weekly data adjusted for split weeks in the month on the basis of a 5-day week. Weekly averages for January-November 1952 follow (thousands): 1,384; 1,284; 1,192; 1,144; 1,076; 1,025; 1,228; 998; 687; 631; 686.
^Beginning with this issue, data for veterans unemployment allowances cover only unemployment compensation benefits under the Veterans Readjustment Assistance Act of 1952. The
figures for initial claims exclude transitional claims; the insured unemployment figures exclude claims from veterans which were filed to supplement benefits under State or railroad unemployment-insurance programs to eliminate duplicate counts in the State data shown above; the number of beneficiaries and the amount of payments include all veterans whether or not the
payments supplement benefits under either State or railroad insurance programs. Data for November 1952 follow (thousands): Initial claims, 10; insured unemployment, 11; beneficiaries, 9;
amount of payments, $986.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
February 1954
January
February
March
April
May
June
July
August
September
October
63 57
67.20
76. 18
69. 84
55. 34
66. 88
80 90
46.92
51. 65
50.79
46. 80
63. 50
67.23
r 78. 26
November
December
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
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
^lothipp"
dollars
Women's outerwear
do
Paper and allied products _ _ _
do
Pulp paper and paperboard mills do
Printing, publishing, and allied industries
dollars -Newspapers
do
Commercial printing _
do __
Chemicals and allied products
.do
Industrial organic chemicals
do
Products of petroleum and coal
__ do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
_
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal
_
_
do
Anthracite
do
Bituminous coal
_
,_ _ do
Crude-petroleum and natural-gas production :
Petroleum and natural-gas production
dollars. _
Nonmetallic mining and quarrying
do ..
Contract construction
.
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
_
do __
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 dveing plants _ do
Average hourly earnings (U. S. Department of
Labor) :
All manufacturing industries
_
_ dollars
Durable-goods industries
do
Ordnance and accessories ._
. d o
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 nonferrous
metals
dollars
Fabricated metal prod, (except ordnance,
machinery, transportation equipment)
dollars _.
Heating apparatus (except electrical) and
plumbers' supplies.dollars
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment
do
Automobiles..
do
Aircraft and parts
do
Ship and boat building and repairs.-.do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries .__ __
do
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
r
Revised.
* Preliminary.
_
_
do
do
. do
do__
do
do
do...
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
69 73
54 14
65.73
80 60
47.' 87
53. 18
52. 93
47 62
63.76
65 83
72.67
68 51
54. 14
65. 41
79 19
47 46
53. 04
52 14
48 63
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
48.24
57 41
49.78
60 5Q
46.98
57 35
r 48. 74
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
52.59
73.44
80. 10
41 78
54. 72
73.61
79.92
84.93
91. 64
83.64
83. 21
86. 38
82.42
83.76
87.82
82.19
85. 24
89.28
83.84
85. 19
91.36
84.02
78.28
88.10
92. 34
79.19
90.42
53.46
51.09
77. 33
88.10
91. 94
78.09
89.24
53.06
51.48
77. 38
87.45
91. 03
79. 30
91.80
53. 19
51.61
79.15
87.89
91.71
80.29
93. 83
53. 84
52.00
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
83. 60
76. 78
81. 59
92.32
96.00
78.98
90. 45
51.82
49.65
85. 97
90 36
83.81
75.85
80. 79
92.06
95. 00
76. 81
87. 58
51. 79
49.24
r 84. 05
r 80. 60
r 94. 12
r 45. 41
91.80
94.71
r
75. 65
r
83. 98
' 49. 54
r 45. 54
84. 83
85. 56
91. 73
84.71
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
88.82
83 89
84.97
92.40
61 49
92.88
r 94. 16
r
70. 40
>• 86. 15
r 89. 45
r
73 16
89.41
90.09
63 50
80.85
87.72
71.28
90.86
87.02
91.68
89.40
70.19
88.16
83. 93
88.93
88.29
70.85
89.01
85.19
89.78
88.73
72.77
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
92.74
77.63
91.82
92. 16
91.64
93.83
79.41
94.18
96.05
93.62
r 92. 39
r 79. 20
r 90. 77
' 90. 97
r 90. 97
90. 05
' 79. 80
95. 10
96.41
94.50
94. 58
76. 29
91.39
89.83
92.09
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
78.93
64.35
74.76
81.32
78. 75
64.24
74.76
81.34
r 79. 65
68.16
77. 46
82.76
' 79. 12
74.05
' 82. 57
78. 23
68. 08
73.34
82.78
69.53
69.08
69.66
69.89
70.12
70.93
71.10
72.09
71.91
r 72. 32
' 72. 67
72.50
52 54
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
56.12
39.74
60.25
74.48
55. 52
^ 38. 98
60.37
73.10
55. 38
55. 24
38. 98
59.52
74.15
53. 56
54.29
54.61
54.40
54.47
54.65
54 28
54.90
55.00
'• 55. 03
r 55. 42
55. 52
37. 75
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
39.30
44.69
38.49
39 10
44.35
r 39. 06
r 39. 80
' 46. 40
r 39. 62
«• 39. 80
' 46. 52
39.19
39 60
45. 70
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
1.91
' 1.79
1.57
1.57
1.51
1.67
1.55
1.55
1.51
1.68
1.56
1.56
1.51
1.69
1.57
1.57
1.53
1.70
1.59
1.59
1.53
1.71
1.62
1.62
1.53
1.72
1
1
1
1
63
63
53
72
1 63
1.63
1 53
1 73
1 63
1. 64
1 53
1 74
r
1.65
' 1. 66
' 1. 55
1. 76
' 1 63
' 1. 64
1 56
1 75
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
1.72
2 08
«• 1. 76
'2.13
r 1.74
r
2 09
1. 78
2 ()8
2.11
2.15
2.10
2.10
2.10
2.11
2.14
2.20
2.20
1.88
1.90
1.91
1.91
1.91
1.91
1 93
1 95
1 97
<• 63. 73
r 68. 31
82. 70
07. 7*
50. 22
65. 44
75 62
r
47. 37
' 52. 33
51.07
48 00
p 64. 29
p 68. 39
r 47. 93
57 64
p 49. 05
58 48
r 40. 68
' 49. 25
r 74. 30
'• SO. 8,5
Ml. 72
f 51.98
73. 53
79.28
40. 70
50. 96
r 73. 79
80. 08
r 86. 91
' 86. 58
92,31
8n. 27
T
93.03
84.80
' 97. 68
' 74. 88
r 83. M
r 48. 99
r 1.90
1.93
r 68
9
6
' 54. 67
65 67
r 76 %
r 48. 07
52. 33
50. 81
r
49. 13
r 66. 01
r 39. 21
59.14
r 74. 65
r
1 78
1 90
r 1.93
T
r
r
85. 75
91. 95
84. 05
7^. o9
81. 61
92 02
96. 46
70. 03
85. 97
49. 90
45. 89
r
r
r
T
1 79
1 sq
1 92
1
1
1
1
61
02
50
76
T
2 27
r 2 . 20
2.05
r
1 99
p 73. 79
p 87. 81
T 76. 59
p 91. 48
p 74. 88
v 51. 89
v 1 79
p 1 89
P ] 93
p I 57
p 1 57
P 1 75
p ? 08
2.18
T
v 48. 75
p 52. 61
1 Q<l
1.81
1.81
1.82
1.83
1.83
1.83
1.84
1.85
1.85
1.86
1.87
* 1.87
p 1. 88
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
1.96
1.76
1 82
1.96
1.76
1.84
1.98
1.77
1 84
1.99
"1.78
1 84
1. 99
1.78
p 1.99
p 1. 78
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
2.04
2.01
1.77
1.57
2.08
2 15
2 00
2.05
2 03
1.78
1 57
2.09
r 2. 10
* 2. 10
2 17
2 03
2. 07
2 07
»• 1.81
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
.58
.59
.75
.54
.40
.53
1.77
1 59
1.60
1.77
1.52
1.41
1.53
1.79
1 59
1.60
.77
.53
.41
.54
.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
1.34
1.58
1.87
1 61
1 59
1 79
1 55
1 35
1 58
1.89
r
' 2 17
r
r 2 17
2 01
2.06
2 07
1.80
1 58
r
2 02
2.07
2 07
1.80
1 59
1 63
1 60
1 62
1 62
r
1 85
r
1 58
1 36
1 59
'L90
r l's4
1 58
r
1 34
1 60
'1.94
r I
(]()
P 2. 12
p 1.82
p 1 (}Q
1 63
r | a^
1 *H
1
^Q
1 35
1 60
1.90
-D 1
f\f\
SURVEY OF CURRENT BUSINESS
February 1954
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-15
December
January
February
March
April
May
June
July
August
September
October
November
December
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-wo von fabric mills
do_ __
Knitting mills
- -do
Apparel and other finished textile products
dollars _ _
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
do ...
Pulp, paper, and paperboard mills _do
Printing, publishing, and allied industries
dollars. _
Newspapers
do _.
Commercial printing _ _
_ do
Chemicals and allied products
do
Industrial organic chemicals „
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do ._
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars __
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbtiilding 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. perhr..
Skilled labor
do
Farm wage rates, without board or room (quarterly)
dol. per hr .
Railway wages (average, class I)
do
Road-building wages, common labor
do
1.18
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
1 34
1.30
1 27
1.36
1 34
1.29
1.28
1.3G
1 34
1 28
1 22
1.36
1 33
1 29
• 1 20
1.37
1 34
1 30
1 22
1.37
1 33
1 31
'1.37
1 33
1 31
1.31
1.49
1.33
1.51
1.34
1.52
1.32
1.52
1.29
1.51
1.29
1.51
1.32
1.59
1.34
1 56
1.36
"* 62
1.35
1 62
1.35
1 62
1 . 35
1 61
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
1.10
1.43
1 68
1.76
1.11
1.46
1.68
1.78
1.11
1.52
1 70
1.80
1
1
1
1
1 13
1 52
1 14
1 52
1 71
1.81
r 1 79
2.15
2.47
2.05
1.75
1.90
2.15
2.44
2.04
1.76
1.90
2.17
2.46
2.06
1.77
1.92
2.18
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
2.20
2 51
2.09
1 85
1.99
2.21
2 51
2 09
1 85
1 99
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
2.23
2.33
1 95
2 25
1.36
1.31
2.24
2 34
1 93
2 24
1 37
1.32
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
2.08
2 46
2.47
2 10
2 44
2.49
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
2.24
1 71
2.41
2 21
2.47
2.25
1 73
2 44
2 26
2 49
1.71
1.64
1.76
1.88
1.71
1.65
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
1.75
1 65
1 78
1.95
1 75
1 66
1 78
1 96
1.70
1.71
1.72
1.73
1.74
1.76
1 76
1 78
1 78
1.32
1.04
1.45
1.57
1.36
1.11
1.47
1.57
1.37
1.10
1.47
1.59
1.37
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
.88
.96
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
.91
.98
1.14
91
98
1.14
T
1.820
1.817
1.817
1.821
1.824
1.824
2.937
1.873
12
55
70
80
r I
T
74
1 85
r 2. 24
2 57
2 12
1 87
r
2 06
2
2
2
r
1
t 2
^2.29
r
2
r]
2
r i
40
92
21
38
22
55
09
85
01
2. 25
2 35
r 1 99
r 2 21
T 1 38
r 1 24
1 14
1 49
P \ 05
p 1. 37
* 1 . 37
P 1 7'">
1.82
2. 21
2 54
2 OQ
P 2. 2-1
r ] 85
v 1 S5
2 02
r2.27
P 2. 27
2 37
1 9°
2 91
p 1 9f>
r 1 39
r 1.32
' 1.32
2 14
2 47
2. 49
2 09
r 2 48
P 1 38
1.33
2 10
2 49
2.48
r
r
r
r
r
2.27
1
2
2
2
75
46
28
52
1 77
1 73
1 84
1 98
2.47
r
2.24
1 75
2 47
2 09
2 52
2.29
1 73
2 47
2 28
2 53
r 1 93
1 77
1 75
1 78
1 99
1 79
r 1 79
1 79
1 42
1.12
1 54
1.65
1 42
'1. 13
1 54
1 4°
1.12
1 55
1.67
r
1 77
1 71
1 78
r 1.67
93
99
1.16
r 93
r 99
1.16
"
92
99
1. 16
2.942
2.946
2.949
2.950
2.955
1.852
2 979
1.877
3 021
1 921
3 062
1 921
3 073
1 927
3 085
1 933
3 086
.89
1.873
1.31
1.902
1.857
.85
1.862
1.40
1.877
1.867
.89
1.861
1.52
1 877
1 833
77
1 895
1 57
1 928
435
429
478
451
515
475
517
535
534
532
574
552
372
714
378
651
2,189
1,197
1, 180
17
373
620
149,738
54,152
141,115
1 933
'3 nOf!
a
90
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. ofdol..
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) t
New York City
_.
6 other centers 9
--do
- do
do
492
539
2,221
1,102
1,078
23
421
697
165, 115
63, 091
35, 179
487
504
490
511
468
507
417
441
455
464
2,253
408
696
145, 971
52, 048
31, 660
386
720
129, 289
45, 749
28, 126
1,128
1,106
22
365
760
153, 459
53, 898
35, 339
428
408
2,330
1,156
1,136
313
333
794
145, 697
52, 038
32, 742
825
r
142,113
50, 255
32, 283
20
320
855
319
866
312
854
2,310
1,177
1 157
19
331
802
154, 056
56, 623
33, 807
148, 090
51, 799
32, 683
134, 527
45, 516
29, 958
147, 830
54, 888
31, 422
31, 778
50, 470
30, 477
Federal Reserve banks, condition, end of month:
51, 493
51, 948
50, 202
51, 852
50, 558
Assets total
mil of dol
50, 389
50, 243
50, 466
49, 994
50, 969
51, 130
51, 150
25, 825
26, 194
24, 927
25, 546
Reserve bank credit outstanding, total, .do
26, 478
25, 589
25, 414
26, 176
25, 958
26, 252
26, 550
26, 133
1,014
156
1,309
485
1,735
732
Discounts and advances
do
64
644
343
329
413
369
24, 697
23, 806
United States Government securities. _do
23, 944
23, 875
23, 880
24, 246
24, 746
24, 964
24, 989
25, 235
25, 348
25, 095
21, 367
21, 986
21, 480
21, 383
Gold certificate reserves
do
21, 790
21, 356
21, 286
21, 085
20, 993
20, 933
20, 897
21,348
51, 852
50, 202
51, 948
51, 493
50, 558
Liabilities, total
- - _ _ _
do
50, 389
50, 243
50, 466
49, 994
51, 130
50, 969
51, 150
20, 421
21, 344
22, 515
21, 770
21, 055
Deposits total
do
20, 976
21, 068
20, 396
20, 623
20, 815
20, 669
21,030
19, 322
19, 950
20, 511
19, 740
Member-bank reserve balances..
.do
20, 611
20, 069
19, 561
19, 607
19, 278
19, 309
19, 434
19, 460
614
—285
351
Excess reserves (estimated)..
do_.
—570
715
806
102
590
476
493
634
347
26, 250
25, 681
25, 560
25, 598
Federal Reserve notes in circulation
do
25, 638
25, 671
25, 831
25, 872
25, 983
26, 033
26, 134
26, 455
46.2
45.3
46.5
45.8
45.8
Reserve ratio
.percent..
45.3
44.9
46.0
45.0
45.3
44.7
44.3
r
Revised.
* Preliminary.
° Rate as of Jaii. 1, 1954.
§ Rates as of January 1, 1954: Common labor, $1.944; skills d labor, $3.095.
t Revised series. Bank debits have been revisec1 to include additiona I centers an d to represent debits to demand deposits. Data prior to Decem t>er 1952 wi 1 be showri later.
9 Includes Boston, Philadelphia, Chicago, Detr Dit, San Fr ancisco, an d Los Ang(iles.
168, 587
65, 367
35, 557
52, 315
20, 830
28
25, 916
21,354
52, 315
21,422
20, 160
763
26, 558
44.5
SURVEY OF CURRENT BUSINESS
S-16
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
December
February 1954
January
February
March
April
May
June
July
August
September
October
November
FINANCE—Continued
BANKING— Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:t
Deposits:
Demand, adjusted
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporation"
mil. of doLStates and political subdivisions
do
United States Government
do
Time except interbank total
do
Individuals, partnerships, and corporations
mil. of dol. States and political subdivisions
do
Interbank (demand and time)
do
Investments total
do
U. S. Government obligations, direct and
guaranteed, total
mil of dol Bills
do....
Certificates
do
Bonds and guaranteed obligations
do
Notes
do
Other securities
do
Loans (net) total
do
Commercial, industrial, and agricultural _do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
.
mil. of dol .
Real-estate loans
do
Loans of banks
do
Other loans
do
Money arid interest rates :d"
Bank rates on business loans:
in iy ciues _
_
pe
55, 373
55, 546
53, 811
51, 802
54, 176
53, 708
52, 820
53, 395
53, 059
52, 814
54, 692
54, 376
ofl 217
58, 264
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
1«, 068
54, 082
3, 736
5,292
18, 085
53, 699
3,834
4,639
18, 093
54, 639
3,711
4,434
18, 253
55, 965
3,612
2,346
18, 426
55, 727
3, 685
3, 410
18, 383
57, 817
3, 963
2, 594
18,718
16, 569
763
13, 689
40, 382
16, 528
770
12, 051
39, 626
16, 641
783
11, 863
38, 936
16, 726
111
11,983
37, 180
16, 799
803
11,382
36, 864
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
17,311
882
13.062
40. 254
17,596
932
13,860
40, 282
32, 967
4,163
2,467
20, 293
6, 044
7, 415
39, 104
23, 390
2,002
32, 143
3, 710
2,458
20, 000
5,975
7, 483
38, 687
23, Oil
1,543
31, 478
3, 156
2,271
20, 123
5, 928
7, 458
38, 775
22, 869
1,459
29, 547
1,701
2,115
19, 881
5,850
7,633
39, 647
23, 269
1, 561
29, 249
1, 583
2,038
19, 857
5, 771
7, 615
39, 437
23, 133
1,540
29, 144
2,043
1,850
19, 599
5, 652
7,398
39, 439
22, 690
1.547
29, 501
2, 514
2,090
19, 356
5,541
7,395
39, 649
22, 585
1,719
32, 705
2,855
4,985
19, 425
5, 440
7, 520
39, 381
22, 643
1, 830
31,797
2,289
4, 705
19,436
5, 367
7, 521
40, 067
22, 965
1,850
31,663
2,317
5, 522
17, 250
6, 574
7, 533
39, 705
23, 103
1,763
31,795
2,388
5, 502
17, 251
6, 654
7,449
40, 294
23, 301
1 , 663
32, 792
2,394
5, 399
18,541
6, 458
7, 462
40, 268
23. 134
1.877
32, 800
2,569
5, 303
18, 517
6,411
7,482
41,020
23, 380
2,248
807
799
6, 120
480
7,335
795
6,147
708
7, 405
808
6,176
111
7, 665
789
6,214
611
7,760
779
6, 257
930
7,847
755
6, 302
948
7,960
763
6, 326
446
7,992
732
6,365
762
8,016
726
6, 397
402
7, 935
724
6, 438
S06
7,983
748
6, 449
703
7,978
868
6, 481
640
8, 019
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
2.00
2.79
4.17
2.00
2.86
4.17
3.74
3.52
3.71
4.10
2.00
2.93
4.17
2.00
2.97
4.17
2.00
2.97
4. 17
3 70
3 51
3 79
4 10
2.00
2.97
4.17
6,095
151
7,253
3.51
3.33
3 49
3.84
1.75
2.71
4.17
2.00
2.71
4.17
2.00
2.71
4.17
3.54
3.31
3 50
3.90
2.00
2.72
4.17
1.75
2.31
2.63
2.63
1.82
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
1.88
2. 32
3.25
3.13
1.88
2.25
3. 25
3.13
2.126
2. 30
2.042
1
2. 39
2.018
2 42
2.082
2.46
2.177
2.61
2.200
2.86
2. 231
2.92
2.101
2.72
2.088
2.77
1.876
2.69
1 . 402
2.36
1.427
2.36
1. 630
2.20
13, 257
2,548
13, 359
2,537
13,421
2,524
13, 550
2,510
13, 626
2,496
13, 702
2,477
13, 841
2,458
13, 881
2,438
13, 920
2,419
14,014
2,402
r
14,056
2, 388
14,141
p 2. 374
25, 827
18, 684
8,099
5, 328
1,406
3, 851
25, 674
18, 851
8, 273
5,288
1,403
3, 887
25, 504
18, 982
8,480
5, 208
1,404
3,890
25, 946
19,391
8,799
5,217
1, 416
3,959
26, 455
19, 767
9,111
5,217
1, 435
4,004
27, 056
20, 213
9,432
5, 272
1,462
4,047
27,411
20, 635
9, 692
5,333
1,493
4,117
27, 581
21, 004
9,973
5, 351
1,516
4,164
27, 810
21,218
10, 136
5, 362
1, 534
4,186
27, 979
21, 347
10, 232
5, 352
1,562
4,201
28, 166
21,486
10, 337
5,366
1,585
4,198
28, 252
21. 586
10, 358
5,406
1. 604
4,218
28, 896
21,807
10, 289
5, 605
1,606
4, 307
15, 410
7, 524
4, 833
837
2,216
15, 678
7,665
4,930
842
2,241
' 15,910
7,797
5, 031
851
2, 231
16. 380
8.059
5, 174
880
2,267
16. 800
8,286
5, 312
906
2, 296
17, 222
8,491
5.480
928
2,323
17, 621
8, 675
5, 633
962
2, 351
18, 000
8,818
5,816
988
2,378
18, 205
8,879
5, 924
1,009
2, 393
18, 328
8, 893
6,005
1,029
2,401
18, 439
8,908
6, 093
1,041
2, 397
18, 495
8,881
6,147
1.050
2,417
18, 534
8, 856
6,147
1,064
2,467
3,274
1,117
866
308
983
3, 173
1,084
832
315
942
3, 072
1,023
822
324
903
3.011
974
812
336
889
2,967
925
807
348
887
2.991
933
809
362
887
3,014
937
812
373
892
3, 004
923
812
386
883
3, 013
931
813
396
873
3,019
943
811
399
866
3,047
957
812
406
872
3, 091
983
826
408
874
3,273
1,068
866
407
932
do
do._ .
do
do . -
7, 143
2.094
3, 342
1,707
6, 823
2, 143
2, 975
1,705
6, 522
2,118
2, 678
1, 726
6, 555
2,211
2. 613
1, 731
6, 688
2,246
2,682
1,760
6, 843
2,294
2, 763
1, 786
6, 776
2, 197
2,781
1, 798
6, 577
2,079
2, 705
1,793
6,592
2,131
2, 668
1,793
6, 632
2, 130
2,716
1,786
6,680
2,131
2,811
1,738
6, 666
2,100
2,840
1,726
7,089
2,127
3.249
1,713
do
do
do
do
2, 094
1,844
3, 342
1, 707
2, 143
1,878
2,975
I, 705
2, 118
1.887
2, 678
1, 726
2,211
1,960
2, 613
1,731
2,246
1,984
2, 682
1,760
2,294
1,985
2, 763
1, 786
2, 197
1, 922
2, 781
1,798
2,079
1, 830
2, 705
1,793
2, 131
1, 870
2,668
1,793
2, 130
1,857
2,716
1, 786
2,131
1,867
2,811
1,738
2.100
1, 798
2, 840
1, 720
2,127
1,848
3,249
1,713
5, 232
5, 047
51
4,130
842
209
6,300
5,479
43
5,294
856
107
11. 870
10,502
56
10, 719
993
102
4,044
2,849
54
3,021
880
90
5,140
4,380
51
3,998
922
169
10, 323
9,744
51
9,179
939
155
3,619
3,308
52
2,395
937
235
5,153
4,568
47
4,011
955
140
6, 402
6,041
50
5, 218
981
152
2, 894
2, 659
51
1,698
1,019
125
5, 144
4, 695
47
3,947
968
182
5, 403
5,183
48
4,133
919
304
6,119
7,988
6,068
6,042
6, 241
6, 362
6, 187
5, 595
7, 124
' 5, 723
Expenditures, total
._. do_
560
206
1,882
237
179
563
372
235
311
i
1, 146
Interest on public debt
do
327
349
369
351
351
350
364
349
|
386
354
Veterans Administration
do
3,519
3,890
4, 056
3,787
3,746
3,789
3,891
3, 632
3,501
;
4. 081
National defense and related activities
do
1,445
1,572
1,966
1, 701
1,749
1.966
1,471
' 1, 502
1, 434
;
1,511
All other expenditures
do
r
Revised.
* Preliminary.
1
;5
Beginning January 1, 1953, includes 2H percent bond of March 15, 1956-58, and 2 £ percent bond of June 15, 1958.
tRevised beginning 1952 to expand the coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
d"For bond yields see p. S-19.
tData beginning 1952 have been revised in accordance with recent benchmark materials; revisions for January-Senteinber 1952 will be shown later.
5,477
354
340
3, 647
1,136
5. 423
164
349
3, 540
1, 370
6, 387
1, 294
376
3, 465
1, 251
7
/
th
rl
t
ouitr 1101-tl
iiierii diiu tdbie
'ti
c.uth
H
uo
Discount rate (N Y F R Bank)
do
Federal intermediate credit bank loans
do
Federal land bank loans
.. .do-. Open market rates, New York City:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months .-.do
Call loans renewal (N Y S. E.)
do
Time loans, 90 days (N. Y. S. E.)
do
Yield on 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.
IT. S postal savings
do
14,341
2, 360
v
CON SUM ER CR EDIT i
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
Personal loans _
do _ . _
By type of holder:
Financial institutions, total do
Commercial banks
do
Sales-finance companies
. . . do
Credit unions
do
Other
.
do
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
Xoninstalment credit, total
Single-payment loans
Charge accounts
Service credit _
By type of holder:
Financial institutions
Commercial banks
Retail outlets
Service credit
_
- .
.. -
. __
do
do
do
do
do
-
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts, net
Customs. .
.-.
Income and employment taxes
Miscellaneous internal revenue
All other receipts
mil of dol
do
do.__
do
i
do
do
6,350
6,003
51
5, 024
939
336
T
SUKVEY OF CURRENT BUSINESS
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
S-17
19,>3
December
January
February
March
April
June
May
July
August
266, 071
263, 946
223, 408
40, 538
2, 125
272, 669
270, 603
230, 009
40, 594
2,066
273, 206
271, 145
230, 157
40, 988
2,061
September
October
November
December
272,937
270, 744
229, 785
40, 958
2,193
273, 386
271, 291
230, 403
40, 888
2, 095
275, 209
273, 128
232, 115
41,013
2,081
275 168
272,881
231, 684
41.197
2.287
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE— Con.
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of doL.
Tnterest bearing, total _
do_ ._
Public issues
do
Special issues
_
do
Noninterest bearing
do
Obligations guaranteed by IT. S. Government,
end of month
mil. of dol
U . S . Ravings bonds:
Amount outstanding, end of month
do
Rales, series E through K
do
Redemption 5
do
Government corporations and credit agencies:
Assets, except interagency, total
mil. of doL_
Loans receivable, total (less reserves)
do
To aid home owners
To aid railroads
To aid other industries
To aid banks
To aid other financial institutions
Foreign loans
All other
Commodities supplies and materials
TI S Government securities
Other securities
Land structures and eouipment
All other assets
267, 391
265, 293
226, 143
39. 150
2.098
267, 402
265, 323
226, 226
39, 097
2.079
267, 584
265, 489
226. 187
39, 302
2, 094
264, 485
262, 380
223, 025
39, 354
2,105
264, 590
262, 550
223, 077
39, 474
2,040
266, 520
264, 445
224, 735
39. 710
2,075
54
48
50
51
52
52
52
63
63
64
66
74
76
58. 046
375
422
58, 237
504
435
58, 368
414
368
58, 468
440
430
58, 509
382
426
58, 014
371
570
57, 977
370
523
57, 962
402
541
57, 940
371
480
57, 882
368
514
57, 860
384
489
57, 889
368
438
57, 934
423
514
78, 201
69. 992
do
do
do
do
do
do
do
do
do
do
do
do
29, 945
17, 826
5 070
2,603
82
516
(')
864
7,736
1,095
1,280
2,421
3,429
3,213
1, 775
30, 564
18,089
5 671
2,777
79
526
0)
611
7, 713
872
1, 259
2,645
3, 427
3 240
1,904
36, 153
17,637
4 997
2 914
79
536
0)
718
7,798
821
2 201
2, 588
3 430
7 867
2, 430
37, 141
18, 502
5 512
2, 986
79
537
0)
802
8 010
830
2, 259
2,586
3,429
7 911
2, 454
Liabilities, except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities
do
3. Ill
3, 224
3, 162
3, 381
do
do
do
53
1, 330
1,728
48
1,107
2,069
51
1 131
1 979
63
1 243
2 075
Privately owned interest
U. S. Government interest
do
do
378
26, 456
401
26, 938
415
32 576
424
33 335
LIFE INSURANCE
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. S Government
do_ .
Public utility
do
Railroad
do. Other
do
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
77, 552
69, 478
64, 092
39,915
10, 867
8,837
11, 409
3, 336
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
66, 262
41, 277
10, 602
8,676
11,827
3,412
15,436
66, 621
41,451
10, 564
8,634
11,897
3,418
15, 572
66, 944
41, 531
10, 565
8,634
11, 952
3, 423
15,591
67, 294
41,739
10,527
8, 585
12,043
3,429
15,740
67, 685
41, 976
10, 517
8,566
12, 132
3, 451
15, 875
68, 046
42, 120
10, 476
8,480
12, 213
3, 461
15, 971
do
do
do
do
. _ do
do
_. _ do_.
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
775
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
111
19, 098
1,654
17, 444
2, 425
1,752
1,875
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
Value, estimated totalf
mil. of dol
Group and wholesale J
_. _ . do
Industrial |
do
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
3, 042
550
549
3, 767
1,105
477
Ordinary, total
. -- - _. do
New England
do
Middle Atlantic _
do
East North Central
do.West North Central
do
South Atlantic
do
East South Central .
do.. .
West South Central
... .
_ _ do
Mountain
do
Pacific
do
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
460
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
1,943
128
450
426
156
233
83
177
67
222
2, 185
144
490
467
189
263
88
197
86
260
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
thous. of doL.
Death benefits
do
Matured endowments
do
Disability payments
. _.
.
do
Annuity payments
do
Surrender values
- do
Policy dividends
do.. -
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
8,683
33, 477
54, 548
81,787
359, 570
155, 700
40, 792
8,678
33, 732
60,153
60, 515
352. 150
152. 387
39, 862
8, 717
35, 971
58, 376
56, 837
481,224
191,711
49, 345
9, 495
37, 426
64, 579
128, 668
Life Insurance Association of America:
Premium income (39 cos.), total..
Accident arid health
Annuities-. . . ..Group
Industrial
._
_
Ordinary
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
312, 850
682, 325
77, 514
94, 784
58, 168
84, 593
367, 266
637, 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
55, 386
83, 828
356. 562
619, 800
81, 494
91, 674
60, 744
69, 080
316. 808
581, 965
73, 336
70, 363
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
69, 001
318. 384
627, 683
84, 322
80, 720
56, 284
77, 031
329. 326
Cash
-.
Mortgage loans total
Farm
.-. -._ Other
Policy loans and premium notes
Real-estate holdings
Other admitted assets
-
__do
do
--do
do
do
do
1
' Revised.
Less than $500,000.
J 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
1952
December
February 1954
1953
January
February
March
April
May
June
July
August
September
October
November
December
22, 178
-78, 800
1,881
1,754
22, 128
-55, 000
10, 100
10 039
22, 077
-72, 500
3,752
4,306
r
22, 028
-35, 100
2.668
2 114
22, 030
-21,200
3,526
2 081
40 400
11, 500
6,200
39 800
11,700
6,200
40, 500
10, 000
6,800
9,500
6,200
324
6,243
.853
403
11, 873
.853
253
6,497
.853
198
5,091
.853
1 966
2 752
2 652
>• 2,013
6, 045
2 301
3 558
FINANCE—Continued
MONETARY STATISTICS
Gold and silver:
Gold:
22, 986
22, 662
22, 563
23, 186
Monetary stock, TJ. S
_
mil. ofdol__
Net release from earmark!
thous. of doL_ -263,200 -171,700 -324, 100 -106, 500
3,867
4,262
5,587
3,813
Exports
do
1,653
13, 697
1,827
7,746
Imports
do
64, 000
65, 200
66, 700
60, 900
Production, reported monthly total
do
39, 300
39, 000
37, 000
39, 300
Alrica
do
13, 000
12,400
13, 700
13, 300
Canada
do
4,500
5,900
4, 300
5,200
United States
.
do
Silver:
270
1,318
506
144
Exports
do
4,578
7,272
10, 878
13, 886
Imports
_
_
do
.845
.833
.853
.853
Price at New York
dol. per fine oz._
Production:
r
2,460
2, 255
2, 465
2, 458
Canada
_
thous. of fine oz
3,863
3,870
4, 054
4,394
Mexico
_
._
do
3,362
3,093
3,112
3,175
United States
do
Money supply:
30, 433
29,691
29, 754
29, 793
Currency in circulation
mil of dol
204, 220
202, 100
200, 600
201, 000
Deposits and currency, total
do
2,501
2,500
2,300
2,400
Foreign banks deposits, net
__do
6,200
6,918
7,100
7,100
IT S Government balances
do .
194, 801
193, 300
191, 600
191, 000
Deposits (adjusted) and currency, total-, .do
100, 500
101, 508
98,300
97, 400
Demand deposits, adjusted
do
65, 799
66, 100
66, 400
66, 800
Time deposits
_ do____
26, 800
27, 494
26, 900
26,900
Currency outside banks
do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:f
35.1
41.8
34.3
37.1
New York City _ _ ratio of debits to deposits.
26.9
23.9
24.4
'28.7
6 other centers 9
__do_
22, 562
-16,800
2,704
9, 685
64, 200
38 900
12,900
5,200
22, 537
-48, 900
1,835
1 874
65,500
39, 400
12, 900
6,100
883
6,285
.853
230
5,364
.853
r
3, 070
1,984
3,018
29 843
199, 100
2,400
4,600
192, 200
98, 000
67, 200
27, 000
35.4
'26.7
T
2, 487
4,850
2 823
29 951
199 100
2,400
4 600
192, 100
97 500
67, 600
27 000
r
35.6
26. 2
22, 463
22, 277
-68, 500 -171, 700
3,654
2,747
1,690
2 255
64, 700
38, 800
40 600
12, 700
12, 900
6,000
6,800
3,578
11, 296
.853
r
2. 475
2, 605
1, 909
307
6,548
.853
r
2 244
3 063
2 525
f
r
282
3,870
.853
2 048
2 495
30 120
30 125
30 275
30 781
30 248
30 398 r 30 807
200 360 P205 100 P204 800 v 204 900 P205 400 f 206 800 P 208 900
p 2 400
P 2 400
2,467
p 2 400
v 2, 500
v 2 500
p 2 400
p 7 000
P 9 000
P 5 300
5 333
P 8 100
p 5 700
p 9 600
192, 560 r> 193, 000 P 193, 400 p 194, 300 P 197, 300 p 197, 400 p 201, 300
96 898 P 97 400 P 97 500 P 97 700 P 100 300 P 100 200 P103 300
68, 293 p 68 400 p 38 700 p 69 100 p 69 600 p 69 300 p 72 200
?7 369 v 27 200 P 27 300 P 27 500 P 27 400 P 27 900 P 27 800
r
38.9
26 5
r
36 0
25 7
32 2
r 23 6
r
40 2
25 9
r
35 8
°3 9
r
38.4
26 5
" 43. 1
'< 27 1
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
Primary iron and steel __
_. _ do
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. ofdoL
Motor vehicles and parts
do
All other manufacturing industries-.
do _
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).
2, 965
195
78
2,847
186
93
3 031
219
83
9 871
275
47
116
268
562
98
127
257
46
116
279
488
77
127
228
61
113
284
520
127
124
243
47
116
252
545
121
104
93fi
119
243
212
118
262
194
140
278
165
142
210
159
76
278
290
69
269
298
85
272
316
1,730
1,267
1 287
1 244
244
288
246
p233
r
68
236
282
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil. of dol
New capital, total-.
do
Domestic, total
_ __do __
Corporate
do
Federal agencies
_
do
Municipal, State, etc
do
Foreign,
do
Refunding, total _ _.
_do_._Domestic, total
do
Corporate _ _
do
Federal agencies
-_ _ - - do
Municipal, State, etc
-do
1,520
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
2
644
497
495
239
o
255
3
146
146
3
140
4
i i 442
i i 344
1 266
705
qg
462
8
98
98
2
94
2
1 111
1 033
974
421
76 1
477
59
78
78
67
3
Securities and Exchange Commission:
1,592
o 751
1,604
2,079
1, 783
1,667
4,630
3,053
Estimated gross proceeds, total
- - do _ _
1 928
1 430
2 576
2 °48
1 183
By type of security:
1,902
1,615
1,422
1,425
1,507
4,383
2,861
2 656
Bonds and notes, total
do
1 814
1 359
2 014
2 484
1 081
536
731
497
517
484
659
092
988
Corporate
do
407
243
675
1 405
344
47
119
116
123
116
124
165
159
Common stock
do
82
65
51
68
212
62
51
47
7
34
58
35
82
33
Preferred stock
. . _ __ do
31
44
43
23
By type of issuer:
908
664
696
706
818
731
1 179
521
Corporate total
do
315
1 500
766
394
579
205
332
286
151
116
317
289
Manufacturing
do
147
56
124
426
36
80
216
219
249
261
228
406
342
215
Public utility
-- do
98
247
203
357
216
9
§
32
66
40
50
25
15
23
10
Railroad
do
25
10
61
5
34
4
15
13
7
7
44
Communication
do
16
30
90
611
10
141
144
47
56
48
101
162
418
39
Real estate and financial _
do
254
93
53
38
1,119
886
908
849
1,171
3,899
1,873
1,407
Noncorporate, total
do
1,115
1,251
1,810
789
1,670
494
503
611
491
547
3,244
1,454
884
853
U. S. Government
do
370
423
1,320
1,070
405
389
392
390
349
522
650
260
410
400
State and municipal
do
454
473
771
r
Revised.
» 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.
SURVEY OF CURRENT BUSINESS
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
S-19
January
February
March
April
May
June
August
July
September
October
November
December
FINANCE—Continued
SECURITIES ISSUED—Continued
Securities and Exchange Commission— Continued
New corporate security issues:
Estimated net proceeds, total
mil. of dol__
Proposed uses of proceeds:
New money, total .-.
do. _ _
Plant and 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 ...
State and municipal issues (Bond Buyer) :
Long-term
thous. of dol__
Short-term
do
897
655
694
684
806
715
1,161
510
309
756
566
387
1,486
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
695
421
274
23
3
20
0
38
517
425
92
41
17
19
6
7
364
292
72
16
1
15
(i)
6
1,431
1,130
301
41
25
17
0
14
327
260
35
216
205
11
65
42
23
34
31
3
56
54
1
283
263
18
245
239
6
39
26
14
4
4
0
47
44
1
148
132
13
257
254
3
49
31
18
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
7
7
285
222
60
334
303
26
23
23
0
43
43
145
127
13
210
208
1
9
9
0
15
15
55
39
9
97
87
10
9
9
122
87
6
243
225
13
24
24
0
89
88
99
94
415
396
3
39
37
1
91
91
o
251
248
1
35
32
1
350
313
35
6
6
0
10
10
0
38
37
0
78
60
14
213
212
1
10
10
0
5
5
0)
47
46
0
420
403
14
201
193
4
60
45
15
608
608
0
52
48
(i)
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
475, 595
251, 039
482, 876
294, 113
288
291
230
254
262
304
198
252
185
259
183
281
307
586
254
610
237
689
243
476
262
318
268
371
210
310
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
672
1,249
1 654
682
1,357
P 301
1, 694
712
1,459
97.81
98 25
75 84
97.66
98 09
75.50
97.15
97 56
75 81
96.57
96 99
74 95
95.46
95.84
75 27
94.42
94 79
74 88
95.30
95 69
74 62
95.82
96 22
74 44
95.58
95 96
74 79
96.74
97 18
75.25
97.59
98 03
75 70
97.30
97 72
75 78
98.32
98 74
76 30
115.3
125.3
96.32
114.5
124.0
95.68
114.0
122.8
95.28
113.4
121.6
94.31
111.7
121 5
93.25
109.8
119 4
91.59
108.8
115 1
91.56
110.7
115 1
92.98
111.4
116 9
92 89
110.9
116.9
93. 40
112.5
119 7
95 28
113.6
121 4
94 98
113.5
122 3
95.85
94 402
105, 865
75 146
85, 722
70 039
76,831
76 726
90 067
71 709
88 128
61 993
72' 496
69 942
83 260
56 270
64 949
46 982
54 677
53 136
61 895
62 397
77' 035
48 741
56* 894
87 702
97 078
92, 009
102, 843
73, 014
82, 187
68, 483
74 823
74, 547
85 245
69, 691
83 115
60 227
69 753
68 208
80 340
54 572
62 723
45 364
52 327
51, 954
60 238
60 529
74 607
47 433
55 102
86 220
94 863
86, 042
45
85, 997
79, 101
6,819
80, 397
0
80,397
73,417
6,912
60, 288
74, 757
1
74, 756
65, 013
9,650
76, 976
0
76, 976
64, 778
12, 002
62, 085
34
62, 051
54, 611
7 372
68, 751
o
55, 874
o
47, 574
56, 308
60, 288
52, 940
7,324
68, 751
60, 659
8 024
55, 874
48 477
7 293
47, 574
41 087
6 455
56, 308
49, 468
6 795
64, 037
g
64, 029
57 153
6 727
59, 622
Q
59, 622
53 034
6 499
69, 272
I
69, 271
62 126
6 861
100, 256
98, 276
1,492
102, 502
100, 025
1,967
100, 116
98, 200
1,428
102, 510
100, 109
1,891
100, 117
98,211
1,432
103,055
100, 666
1,890
99, 535
97, 638
1,425
103, 066
100, 665
1,901
98, 562
96, 662
1,429
103 251
100, 853
1,899
98, 985
97, 094
1 421
104 830
102, 432
1 898
99, 454
97, 576
1 411
104 357
101,966
1 891
100, 279
98 419
1 390
104 651
102' 284
1 867
100, 010
98 142
1 395
104 634
102 269
1 865
93, 472
91 599
1 400
96 620
94 259
1 861
94, 572
92 613
1 406
96 904
94 471
1 858
96, 506
94 54 Q
1 406
99? 184
96 754
1 856
99, 828
97 871
1 406
101 539
99 122
1 849
3.19
3.22
3.26
3.31
3.40
3.53
3.61
3.55
3.51
3.54
3.45
3.38
3.39
2.97
3 05
3.22
3.51
3.02
3 09
3.25
3.51
3
3
3
3
07
14
30
53
3 12
3 18
3.36
3 57
3 23
3 29
3.44
3 65
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
24
39
56
85
3 99
3 43
3 56
3 88
3
3
3
3
3
3
3
3
3 13
3 28
3 40
3 74
3 04
3 19
3.34
3 07
3 23
3.36
3 11
3 29
3 39
3 16
3 33
3 43
3 27
3 44
3 51
3 39
3 57
3 63
3 48
3 62
3 73
3 42
3 56
3 67
3 37
3 54
3 61
3 39
3 58
3 65
3 33
3 46
3 56
3 97
3 38
3 51
2.38
2.40
2.75
2.46
2.47
2.80
2 63
2.54
2.83
2.65
2.61
2.89
2 68
2.63
2.97
2 81
2 73
3.09
3 04
2 99
3.09
2 92
2 99
2 99
2 92
2 89
2 82
2 88
2 69
2*72
2 gQ
2 Q2
9 «f;
o
(i)
o
(i)
0)
U
9
o
29
29
o
0)
' 410, 562
190, 858
770, 571
218, 709
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)
Cash on hand and in banks
mil. of dol
Customers' debit balances (net) _ _ _ _ _
do __
Customers' free credit balances
do
Money borrowed
do _
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total§
dollars-Domestic
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f- issues) :
Composite (17 bonds)
dol. per $100 bond-Domestic municipal (15 bonds)
do
U. S. Treasury bonds, taxable
do. _ _
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
thous of dol
Face value _
do
New York Stock Exchange:
Market value
___do_ _
Face value
__
do
New York Stock Exchange, exclusive of stopped
sales, face value, total§
... _thous. of dol__
U S. Government
do
Other than U. S. Government, total§
do
Domestic
.
do
Foreign.
_ _
do
Value, issues listed on N. Y. S. E.:
Market value, total, all issues§
mil. of dol._
Domestic
_-_do
Foreign
_
_ __
do
Face value, total, all issues §
do
Domestic
do _ _ .
Foreign
_
_
__ _ _
_
_
_
do
Yields:
Domestic corporate (Moodyf s)
percent. .
By ratings:
Aaa
_
__
_ _
do
Aa
do
A
do
Baa
- . _
do
By groups:
Industrial
do
Public utility
do
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
_
do
Standard and Poor's Corp. (15 bonds) . _ -do
U. S. Treasurv bonds, taxable
do
r
o
34
41
58
78
40
50
67
86
28
42
62
86
o
3 nn
o
9. Q7
16
33
47
82
9 R2
11
27
40
75
3
3
q-r
rO
o KU
2 59
O 7Q
Revised.
*> Preliminary
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 in comDuting averagevonce of
H
b
all listed bonds.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
February lf).r>4
January
Febru-
April
ary
May
June
July
August
Septem-
ber
October | Novem-
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments. .
mil. ofdol..
Finance
do
Manufacturing
do
Mining
do
Public utilities:
Communications
do
Heat, light, and power
do
Railroad
do
Trade
... . .
..do. .
Miscellaneous
do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody's):
Dividends per share, annual rate (200 stocks)
dollars _.
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks) . _ .
_ do
1, 736. 1
195. 2
1,045.5
141.9
548. 1
125 6
170. 5
50
181 3
44 9
65.0
29
49.7
92.6
88.4
79.2
43.6
95 7
64. 3
18 2
57.0
11 8
42
6
15
3
3.93
4.16
1.92
2.87
2.75
2.98
3. 95
4.16
1 93
2.88
2 77
2.99
76. 66
80.89
37. 85
51. 66
Yield (200 stocks)
percent
5. 13
5.14
Industrial (125 stocks)--.
do
Public utility (24 stocks)
do
5 07
Railroad (25 stocks)... _._
_. .
do
5.56
Bank (15 stocks)
do
4.18
Insurance (10 stocks) . _
.
do
2.99
Earnings per share (at annual rate), quarterly:
8 54
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
2 62
Railroad (25 stocks)
do
11 71
Dividend yields, preferred stocks, 11 high-grade
4.11
(Standard and Poor's Corp.)-..
percent. .
Prices:
Dow-Jones & Co., Inc. (65 stocks). dol. per share. . 111.67
285. 95
Industrial (30 stocks)
do
Public utility (15 stocks)
do
52. 06
Railroad (20 stocks)
do
109. 85
Standard and Poor's Corporation:
Industrial, public utility, and railroad:§
197.0
Combined index (480 stocks) -..1935-39=100. .
Industrial, total (420 stocks)
.do
213.7
Capital goods (129 stocks) _ ... do
198.5
Consumers' goods (195 stocks)
do. .
183.2
Public utility (40 stocks).
..
do
123.3
Railroad (20 stocks) _
do
184.6
125. 1
Banks, N. Y. C. (16 stocks)
do
Fire and marine insurance (17 stocks)
.do
230.5
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
1,906
Market value
mil. of dol..
78, 990
Shares sold
thousands
On New York Stock Exchange:
1,647
Market value
mil of dol
57, 885
Shares sold
thousands
Exclusive of odd lot and stopped sales
40, 516
(N. Y. Times)
thousands
Shares listed, New York Stock Exchange:
Market value, all listed shares
..mil. of dol._ 120, 536
2,788
Number of shares listed
millions .
Price per share, end of month (200 stocks) do
Industrial (125 stocks)
do
Public utility (24 stocks) .
do
Railroad (25 stocks)
..do...
1,251 1
81 4
821.9
86 9
561.2
103 5
190.1
7 3
221 5
49 0
100.4
26
1,249.6
87 6
802.2
87 3
576. 0
137 0
200.6
5 (5
220 9
52 0
88.0
2 5
46
89
57
40
27
9
0
7
3
0
105 0
63 8
30 6
50 1
10 8
10
51 8
31
76
60
51 1
94.6
56 4
49.0
21 4
104 3
66.3
14 1
39 2
8 Q
1
55
10
7
4
3. 95
4. 16
1 94
2.91
2 80
3 01
3. 96
4 16
1 95
3 01
9 82
3 07
3.97
4 17
1 96
3 01
2 82
3 09
3.98
4.17
1 98
3.01
2 82
3 09
3.97
4.16
2 01
3. 03
2 82
3.09
76.69
80 37
38.40
52.19
75. 60
79 15
38.21
51.17
74. 13
77 64
37 81
49.56
72 35
75 56
36 96
48.48
72.24
75 45
37. 08
48.97
5 15
5.18
5 03
5. 52
4 is
3 07
5 22
5.26
5 08
5 69
4 23
3 17
5 34
5.36
5 16
6 07
4 33
3 29
5 49
5.52
5 30
6 21
4 49
3 41
5 51
5.53
5 34
6.15
4 60
3.41
9
0
9
5
2
0
4
0
6
4
3.98
4.15
2 01
3.09
2 82
3. 10
3.99
4. 16
2 07
3. 11
2 82
3. 10
72.87
76 24
36.81
49.03
69. 34
71 85
37. 16
44.39
5. 58
5.60
5.58
6.26
4 64
3.50
5. 46
5.44
5.46
6.30
4 59
3.40
5.75
5.79
5. 57
7.01
4 55
3.46
5 73
5.76
5 56
7.13
4 53
3.40
T
1 715.2
170 6
1,081.7
141 3
0
9
4
8
3
1.1
57.0
2.9
7.8
6.4
43 7
100. 3
87 4
48.8
41 4
4.08
4.26
2.09
3.21
2.87
3. 16
4.08
4.27
2 09
3.21
2,97
3.26
59
90
59
18
73.79
76.97
39.70
45. 56
73. 50
77. 06
39. 61
43.18
5 59
5.60
5 36
6. 93
4 45
3 35
69. 51
72 09
37.20
43. 61
232 4
52 5
102.0
2 5
4.06
4 25
2 07
3 13
2 83
3 12
3.98
4.15
2 07
3.11
2 82
3 10
71.14
74.28
36.02
48.40
553 3
100 1
205. 9
6 9
51 8
94.7
49 3
50 8
19 9
7 78
2.79
8 30
7 29
2 70
6 73
1, 235 3
86 4
796.1
86 2
5. 53
o. 53
5. 26
7.05
4 28
3. 32
5. 55
5.54
5.28
7.43
4.61
3.26
104
65
17
41
11
72
75
38
45
7 85
2 85
8 .56
4.16
4.21
4.23
4.33
4.38
4.47
4.37
4.30
4.30
4.19
4.15
4.20
112.25
288 44
52.20
109 99
111.21
283 94
52. 57
109 03
112.41
286 79
53. 19
110 24
107. 52
275 28
51.59
104 05
108. 07
276. 84
50.97
105. 58
104. 42
266. 88
48.66
103. 09
106. 08
270. 32
49.03
105 68
106. 21
272. 21
50. 40
103. 1 2
100. 98
261.90
49.16
94.46
103. 58
270 73
50.53
95 44
105. 82
277 10
51 57
97 23
106. 74
281. 15
52. 54
96. 37
197. 6
214.3
200.4
184.7
124.0
185.2
128.3
231.0
195. 9
212.0
197.4
183. 4
124.4
181.4
128.2
223. 8
198.0
214. 5
199.8
185.3
124.9
184.5
128.1
223. 9
190.0
205.5
191.8
177.8
121.5
173.3
122.3
216.0
189.6
205. 2
192.3
177.6
120.8
174.2
121.3
214.1
182.8
197. 5
183.7
170.7
117.2
169.3
115.3
205.1
185.5
200.1
185. 9
171.7
119.2
173. 7
117.6
208.5
187.3
202. 1
188. 1
172.8
121. 1
170.2
121.4
215.7
179.2
192.6
180.2
165. 4
119.6
156.1
119.6
209.7
183.4
197.2
186. 7
168.8
122. 2
156.7
122.6
215. 5
187.5
202.3
192.2
171.0
123. 6
158.5
124.8
225. 6
190.7
206.2
197.0
172.9
125. 2
156.9
124, 3
229. 4
1,661
74, 299
1,376
53, 534
1,906
75, 473
1,783
83, 729
1,325
58, 380
1,290
63, 844
1,073
42, 528
1,119
42, 437
1,248
53, 392
1,170
50, 606
1,188
52, 274
1,568
65. 081
1,417
55, 897
1,173
38, 540
1,616
51,812
1,541
64,111
1,129
43, 936
1,106
49, 757
903
28, 809
946
29, 841
1,068
38,011
995
36. 557
1.010
37, 872
1,344
45, 458
r
34, 087
30, 209
42, 472
34, 370
25, 767
26, 075
22, 234
23. 893
27,172
25, 728
26, 684
36,159
120,483
2,802
119,749
2,814
118,223
2,819
114,862
2,840
115,371
2, 862
113,306
2,878
115.886
2.882
110,750
2,889
1 10, 479
2,892
115,428
2.902
117,478
2,918
117,257
2,927
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTER LY)J
Exports of goods and services total
Merchandise adjusted
Income on investments abroad
Other services
mil of dol
do
do
do
5 355
4 073
5 425
4 256
440
729
5, 750
4,508
450
792
4,900
3, 682
436
782
4, 068
3 000
4,037
2 984
111
942
4,313
3, 125
112
1,076
4,281
2,898
107
1,277
592
690
Imports of goods and services, total
Merchandise adjusted
Income on foreign, investments in U S
Other services
do
do
do
do
4-1 287
+ 1 388
+1,437
+6 IS
Unilateral transfers (net) total
Private
Government
do
do
do
— 1 468
— 1 341
— 1 908
120
— 1 788
—2,064
122
— 1,943
-1,332
139
-1 193
U S long- and short-term capital (net), total do
Private
do
Government
do
—275
—347
+72
— 209
-219
+10
+67
+100
--34
— 144
+17
-161
Foreign long- and short-term capital (net)
+152
+ 155
+270
+436
+274
+603
+128
+302
+162
+119
do
Increase (— ) or decrease (+) in U. S. gold stock
mil. of dol
126
942
127
+30
Errors and omissions..
..do
r
Revised.
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
September 1953 S URVEY.
-29
+ Revisions for the first 2 quarters of 1952 appear on p. 12 of the
SURVEY OF CURRENT BUSINESS
February 11)54
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
December
S-21
1953
January
February
March
April
May
June
July
August
September
October
November
December
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise :cf
Quantity
Value
Unit value
Imports for consumption :d"
Q uantity
Value
Unit value
__ _
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted .
Adjusted
Total, excluding cotton:
Unadjusted
-- Adjusted
Imports for consumption:
Unadjusted
Adjusted
-
1936-38=100
do _ _
do
280
566
203
256
525
205
239
486
204
275
566
205
279
567
203
290
589
203
279
561 1
201 i
272
550
202
238
482
203
246
504
204
do
do ._
do
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
110
92
96
96
78
95
90
105
82
102
77
99
70
96
73
99
do
do
151
138
146
153
117
145
141
167
130
156
113
134
105
131
do
do .
128
126
121
116
101
99
121
108
126
119
104
106
105
113
thous. of long tons..
do
5, 720
9, 629
5,109
8,814
4,267
7,703
4,663
8,644
6,292
8,942
6,704
9, 2S2
7,096
9 366
Exports, including reexports, total!
mil. of dol._
By geographic regions:A
Africa
thous. of dol
Asia and Oceania
.
do. _
Europe
do
Northern North America
do
Southern North America
do
South America
do
Total exports by leading countries:A
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
\ustrf»lia, 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
\rgentina
__
do
Brazil
. .. ._
do_ .
Chile
do
Colombia
do
Cuba
do
Mexico
.- .. do
Venezuela
do
Exports of U. S. merchandise, total1__mil. of doL.
By economic classes:
Crude materials-..
thous. of dol._
Cnide foodstuffs
__ . .
do
Manufactured foodstuffs and beverages__do
Semimanufactures 9
do
Finished manufactures?
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
1,390
1,291
1,197
1,388
l,39o
1,446
39, 363
202, 569
308, 240
225, 410
143, 558
136, 881
45, 039
177, 762
267, 865
228, 242
131,383
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
2, 563
16, 871
6. 733
19, 463
3,316
17, 221
4, 739
24, 427
16,693
2, 852
0
28, 616
52, 745
11, 782
27, 774
11,492
2,274
0
17, 910
50, 414
10, 477
30,816
9,871
2,636
0
26, 761
40, 796
7,474
24, 799
40, 819
40, 544
40, 572
1
61, 494
30, 601
34, 182
36, 406
0)
53, 139
225, 408
265, 206
8,527
30, 423
13, 939
19, 451
40, 394
54, 292
43,012
1, 381
_.
1924-29=100..
- ~. do
-
-
p
248
507
'204
248
506
204
162
453
279
145
401
277
149
409
275
73
89
81
67
78
59
87
70
126
157
115
120
130
107
122
98
135
116
100
111
91
99
116
119
87
86
99
101
7,018
8, 994
6,889
8,542
1,376
1,348
1,184
1,236
1,246
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, 676
132, 205
32, 386
171, 065
240, 196
247, 112
142, 442
129, 351
37, 643
197, 622
246, 287
224, 539
130, 210
133, 095
4,454
18, 194
3, 958
18, 365
4,000
16, 454
8,234
18, 326
10, 191
14, 507
4,428
17,021
3,280
13, 586
4, 224
13,412
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
9,277
2,065
0
21, 637
62, 809
7,533
28, 792
18, 970
2,542
0
24, 072
74, 870
8,156
23, 610
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, 222
0
54, 183
29 082
40, 009
15, 972
'1
59, 486
24, 051
33, 399
23, 996
2
49, 879
228, 232
231, 142
6,349
23, 815
5,951
19,460
39, 299
51, 858
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
224, 732
6,499
19, 453
6,637
22, 994
37, 068
52, 481
41,079
1,340
233, 781
220, 033
10, 095
23, 454
7,244
24, 260
27, 598
48, 174
39, 870
1,175
237, 876
255, 752
12,341
29, 0,51
8, 528
24, 535
38, 095
54, 575
37, 060
1,227
247, 104
257, 579
6,617
21,686
11,517
25, 530
37, 157
65, 339
46, 425
1,236
224, 5U5
249, 516
10, 812
24, 792
9,583
24, 841
36, 168
54, 172
44, 763
1,232
180, 209
117, 364
65, 366
131, 426
886, 713
134, 540
109, 383
63, 603
106, 815
865, 528
110, 600
86, 884
50, 879
108, 222
828, 590
132, 539
118, 308
139, 168
127, 324
106, 265
82, 490
75, 029
67 762
56, 592
53, 747
55, 889
53, 977
113, 055
116, 934
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
152, 002
69, 048
60 612
129, 704
824, 482
159, 741
69, 739
75, 751
127, 431
799, 525
324, 483
90, 505
22, 531
133, 552
13, 473
29, 264
268, 702
54, 468
19, 149
127, 900
13, 272
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, 165
19, 939
83, 688
15, 525
46, 992
241, 514
40, 168
22, 243
77, 579
17,297
41, 183
279, 980
44, 570
20, 031
85, 390
20, 174
40, 671
968, 547 1, 128,114 1, 159, 365 1, 214, 281 1, 171, 602 1, 143, 205
124, 383
162, 186
151, 579
134, 401
142, 195
112,845
68, 459
56, 273
66, 601
65, 670
71, 700
70, 433
18, 294
17, 651
29, 329
33, 831
35, 556
33, 107
42, 914
43, 436
46, 769
41, 841
36, 335
45, 860
973, 426
97, 338
62, 260
37, 407
33,139
992, 953
99, 481
77, 504
34, 666
36, 227
994, 333
88, 891
70. 508
35, 099
38, 451
952, 206
82, 773
69, 931
27, 837
39, 424
211, 158
12,411
24, 031
57, 003
15,868
94, 564
264, 960
11, 367
27, 081
61, 312
19,857
104, 460
220, 723
7,416
24. 828
63, 644
19,472
94, 767
216,696
6, 682
24, 479
58, 717
18, 020
94, 084
Shipping Weight
Water-borne trade:
Exports, incl. reexports©
General imports
T
r
Valued"
Nonagricnltural products, total ..
Automobiles, parts, and accessories
Chemicals and related products§
Coal and related fuels
...
Iron and steel-mill products
do. . 1, 056, 596 1,011,168
114,891
124, 610
do
58, 674
57, 393
do
25, 759
24, 778
do
67, 751
..do
45, 801
Machinery, tc.tal§
_
_
.do
Agricultural. _
. _
. d o
Tractors, parts, and accessories
do
Electrical§
. ._
do
Metal working!-.
_ .
do
Other industrial
do
Petroleum and products
Textiles and manufactures
do
do
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
219, 575
9, 442
20, 328
54, 838
24, 673
100, 952
241, 385
9,191
26, 659
68, 899
28, 378
99 986
224, 610
10, 345
27, 561
62, 280
22,318
93 483
270, 216
12, 973
32, 396
72, 492
29, 560
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
66, 650
55, 784
54 787
52, 956
54 693
50, 386
62 408
58, 572
67 092
53, 852
56 083
58, 193
56 958
52, 234
234, 802
14, 032
26, 756
61, 924
21, 923
101, 273
r
1,242
p 1,316
58, 430
54, 461
54, 724
54, 131
55, 787
47, 792
45, 475
53, 218
55. 935
55, 839
' Revised.
Less than $500.
cf 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 ccntrolled cargo.
^Total exports and data by economic classes and commodities include shipments under the Mutual Security Program.
Total M3P shipments are as follows (mil. dol.): December 1652-December 1953, respectively—275.8; 268.1; 272.3; 328.3; 339.8; 362.6; 371.1; 396.1; 274.1; 203.7; 233.5; 215.9; 215.9.
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.
l
SUEVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
February 1954
January
February
March
April
May
June
July
August
September
October
November
December
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE—Continued
Valued* — Continued
General imports, total
thous. ofdoL- 1,052,254
By geographic regions:
56, 798
Africa
do
185,444
Asia and Oceania
do
201,012
Europe
do
228, 973
Northern North America
do
134,628
Southern North America
do
245, 399
South America
do
By leading countries:
Africa:
7,739
Egypt
do
7,013
Union of South Africa
do
Asia and Oceania:
24, 633
Australia, including New Guinea
do
30, 961
British Malaya
do
256
ChinaO
- do.
27, 472
India and Pakistan _
do
24, 666
Japan
.„
do
21,282
Indonesia
do
15, 787
Republic of the Philippines
do
Europe:
14,289
France
do
22, 748
Germany. _
do
17,577
Italy
do
559
Union of Soviet Socialist Republics
do
42, 7J 7
United Kingdom
do
North and South America:
228, 942
Canada
do
355, 952
Latin American Republics, total ._
do
22, 245
Argentina
do
81,653
Brazil
do.
36, 895
Chile
do
41, 975
Colombia
do26, 468
Cuba
do
51,490
Mexico
__.
do 35, 814
Venezuela
do
1,022,526
Imports for consumption, total _ _.
do
By economic classes:
246. 727
Crude materials
do
229, 543
Crude foodstuffs ..- - .__ _ _ - --_
do
80, 176
Manufactured foodstuffs and beverages, do. 275,415
Semimanufactures
_ __ _ _
do
190, 664
Finished manufactures
do
By principal commodities:
410,953
Agricultural products, total
do_
24, 650
Cocoa or cacao beans, incl. shells
do
149,133
Coffee
__-- _ _ do_
5,437
Hides and skins
do
41,921
Rubber, crude, including guayule
do_
18, 080
Sugar
_
do
27, 549
Wool and mohair, unmanufactured
do
611,573
Nonagricultural products, total
do
8, 585
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
total
thous. of dol- - 144, 037
49, 71 7
Copper, incl . ore and manufactures _ _ _do
26, 806
Tin including ore
do
29. 675
Paper base stocks _ .._ _ _ - _ .__ do ._
53, 604
Newsprint
_
do
71,635
Petroleum and products _.
do. _
922, 265
855, 928
1,004,240
1,012,404
901, 626
933, 763
907, 885
841, 137
925, 740
812, 938
53, 935
170,575
180, 449
183, 865
137,275
196,165
45,119
140,520
172 292
184, 930
121, 436
191, 632
48, 568
154,992
214. 543
214, 918
150, 420
220, 799
61,716
177,403
207, 845
212, 304
147,441
205, 696
50, 510
164, 010
194,857
210, 185
103, 991
1 78, 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
48 269
138, 748
197, 997
201, 637
59 716
166, 576
50 059
134, 646
196 177
207, 908
72 240
187, 978
6,840
9.591
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
606
6,918
975
7,637
15, 915
24, 527
14, 347
17,148
6, 965
19, 848
678
818
601
23, 865
22, 032
18, 547
19, 716
22, 579
22, 563
22, 056
34, 882
19, 486
23, 727
20, 974
24, 992
13, 065
15, 220
1,538
15, 559
26, 493
14, 910
22, 375
8,824
14, 608
265
22, 358
15, 439
18, 854
20, 750
11,292
20, 540
499
21,935
21,150
18,023
25, 929
12, 527
19, 247
27, 1 77
23, 045
19,506
19. 422
14,161
23, 325
1,196
26, 082
22, 330
19,347
23, 937
8,561
15, 403
571
14,161
20, 991
13. 497
810
37, 535
12, 939
17,675
10, 153
402
44, 874
17,355
28, 071
15, 381
2,005
51,361
18, 784
26, 227
12, 123
1,128
46, 934
14,409
22, 948
13,209
876
45, 656
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
57,817
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, 71 3
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, 69j
210,174
266, 724
14, 577
43, 197
27,170
35, 066
40, 255
26, 993
37, 208
891,102
222, 624
274, 477
16,093
48,619
30, 403
34, 1 21
39, 495
28, 774
34,216
925, 613
235, 401
190,685
85, 457
226, 328
175, 509
207, 846
175,810
76, 307
221, 684
1 65, 766
233, 896
207, 899
106, 062
243,141
200, 844
223, 930
215, 706
104.214
260, 145
193, 696
219,125
1 50, 643
99, 31 5
239, 091
1 82, 928
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, 129
512,143
5, 538
405, 857
13,101
150,361
5, 936
33, 458
44, 450
30, 01 1
585, 985
9, 789
422, 200
17,662
148, 425
8, 765
33, 938
44. 531
29, 572
575, 491
6 915
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, 139
23, 677
51, 661
56, 802
' 849, 009 P 91 1,000
18, 891
23, 489
20, 228
27, 353
7, 523
14, 884
1,291
21,353
21,917
15, 048
19, 960
20, 085
21. 556
14, 291
19, 493
13, 963
22, 887
11, 470
546
44, 322
14, 265
25, 157
12 161
594
48, 121
14, 292
25, 411
14, 701
929
44, 790
14,984
22, 892
18 204
624
42,512
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
201, 442
212, 873
11. 426
56, 969
13, 511
27, 286
19, 641
19, 619
36, 548
821,785
207, 660
239, 125
7,513
79, 480
6, 892
35, 061
17, 528
21,101
36, 564
838, 301
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, 442
221,050
169, 383
226, 121
208, 542
99, 442
211, 590
182, 431
210, 092
141, 224
81, 572
199, 764
189, 132
197,
193,
79,
185,
182,
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
30,217
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
271,977
6, 250
90, 356
4,226
21,881
20, 588
20, 546
549, 808
3 917
321, 877
5,849
131, 057
4, 103
23, 177
15,937
16, 908
516, 424
3 081
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
14,815
25, 755
48, 122
07, 743
97. 177
31,509
17 840
26, 606
52. 514
64, 157
87, 639
19, 236
16 215
24, 712
49 444
67, 400
537
r
12, 436
13, 307
361
550
546
393
154
658
TRANSPORTATION AND COMMUNICATIONS
TR AN SPORTATION
Airlines
Operations on scheduled airlines:
41, 782
42, 004
39, 550
39, 51 7
35, 931
35, 632
33, 836
37. 707
37, 681
40, 238
40, 935
37, 7f>o
Miles flown revenue
thousands
13,133
14, 967
14, 065
14,459
13,650
13, 992
14, 033
16, 591
13, 426
14, 768
16, 380
14, 485
Express and freisht ton-miles flown __
do
5,541
5, 352
5, 829
5, 874
5, 574
5,346
5,971
5, 557
5,400
7,947
6,134
6, 313
Mail ton-miles
flown
do
2.059
1,845
2, 265
2, 354
2,409
2. 321
2,238
2, 385
1,839
1,828
2, 334
2,015
Passengers carried revenue
do
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 1,225,997 1.064,211
Passenger-miles flown, revenue
-do
Express Operations
31,162
34. 101
35, 475
33, 121
31,032
29, 977
32,613
29, 890
30, 918
30, 621)
43, 768
33, 728
Transportation revenues __ _
thous. of dol
14,210
13, 527
12, 845
12, 166
11, 253
10, 536
14, 438
11,918
11,410
17. 782
10, 698
15, 157
Express privilege payments
do
Local Transit Lines
13. 0657
12.8432
12. 9386
12. 7330
12.7818
12. 8008
12. 5890
12. 6716
12. 5042
12.8941
12.9767
13 0127
Fares average cash ratef
cents
1,004
944
831
885
972
1,053
953
892
977
927
805
878
Passengers carried, revenue
millions ._
132,900
130,900
120, 300
129,200
126,600
121, 100
120, 500
127,300
121, 500
1 18, 300
127, 700
143, 700
Oporatiiw revenues
thous. of dol
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :§
1, 062
1,066
Number of reporting carriers
1,001
C09, 769
583, 773
587, 689
Operating' revenues, total
thous. of dol
574, 343
546, 096
575, 386
Expenses total
do
32 588
33, 563
32 383
Revenue freight carried
thous of tons
13 1843
946
Carriers of passengers (quarterly totals):
r
166
168
167
166
\urnberofrepoftingcarriers
102, 976
86, 813
115 868
100 096
Operatin ty revenues total
thous of dol
89, 974
83, 840
95, 247
90, 435
Expenses total
do
91,406
84, 657
92, 853
92, 146
Revenue passengers carried
thousands...
r
Revised.
v Preliminary.
cf Revisions for January-July 1952 will be shown later.
©Including Manchuria beginning January 1952.
§It should be noted that data for 1938-44 shown in BUSINESS STATISTICS (1953 edition) are not comparable with subsequent data in that volume and in the SURVEY beginning with the
October 1953 issue. The data through 1944 cover reporting intercity common carriers of all types of commodities, whereas later data are for carriers of general commodities only (i. e., they
exclude carriers of special commodities and intercity contract carriers). Data for 1945 for carriers of all types, comparable with earlier data, are as follows: Number of reporting carriers, 1,408;
operating revenues, $185,132,000; expenses, $184,708,000: revenue freight carried, 25,839,000 tons.
Digitized will fData havelater. 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
for FRASER been
be shown
SUKVEY OF CURRENT BUSINESS
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
January
February
TRANSPORTATION
TRANSPORTATION—Continued
Class I Steam Railways
Freight carloadings (A. A. R.):cf
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
do
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 _
March
April
May
June
July
August
September
October
November
December
AND COMMUNICATIONS—Continued
2,671
517
60
164
168
36
85
265
1, 378
3, 352
631
75
203
219
40
96
318
1,770
2 731
470
61
173
159
26
78
274
1,490
2,802
451
59
175
170
27
83
288
1,549
2 957
455
55
179
166
32
245
281
1 544
3 883
626
71
217
215
41
438
346
1 929
3 204
540
56
186
219
29
369
268
1 537
2 964
397
50
172
236
25
378
257
1,450
4 022
678
64
238
254
38
473
347
1,930
3 153
532
49
176
198
40
361
271
1, 526
4 024
668
63
222
279
76
377
359
1,980
2 797
485
47
168
188
47
179
259
1 423
2,413
451
43
150
155
32
68
236
1 279
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
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
137
114
162
148
78
324
45
150
135
110
160
144
157
108
263
45
149
124
104
155
142
137
86
160
43
140
108
97
142
120
112
56
62
38
124
134
108
184
154
128
62
278
44
151
130
97
181
146
114
57
275
45
149
132
92
184
142
130
60
273
45
154
129
96
178
144
133
66
237
44
148
130
106
183
137
141
65
237
45
146
128
105
179
145
155
60
212
43
142
123
94
167
146
138
60
213
42
139
130
112
169
145
131
58
221
44
145
126
114
164
137
131
59
216
43
139
126
110
163
136
157
70
172
44
137
122
104
155
145
140
69
172
42
134
117
97
135
135
119
58
201
40
132
79, 262
21, 625
46, 558
827
564
137
69, 294
8,145
51, 776
1 376
768
194
73, 260
7,429
56, 584
1,745
976
203
58, 597
5 584
43, 375
1 501
602
341
40, 222
12 461
16, 278
2 269
1,385
527
25, 302
7,511
7,400
4,129
3,111
673
32, 717
2,315
23, 982
3.934
3,400
246
21,134
2,761
9,715
2,486
1,769
525
11,074
1,710
1,202
3,546
2,530
953
7, 173
730
1,609
4,346
3, 326
915
25, 326
3,381
16, 656
1,388
1, 125
167
85 062
17 637
56 383
153
11<>
15
863, 001
713, 727
79, 199
661, 684
812, 968
684, 368
64, 738
621, 092
919, 617
779, 580
67, 052
1
696, 914
905, 605
765, 798
67, 093
1
673, 704
901, 634
763, 046
66 880
680, 508
924, 362
776, 260
75, 342
688, 949
925, 949
773, 517
79, 704
701, 399
924, 754
773, 524
76, 799
689, 467
904, 263
763, 094
66, 111
673, 210
934, 304
794, 329
62, 747
693, 896
832, 363
702, 006
61, 766
657, 496
815, 400
661. , 347
74, 531
697, 038.
121, 242
80, 075
57, 595
114,076
77, 800
55, 943
129, 134
93, 570
71, 997
130, 392
101, 509
77, 241
125, 733
95, 393
74, 420
135, 740
99, 673
79, 232
130, 122
94, 428
71, 988
133, 651
101, 636
81, 526
131, 112
99, 942
80, 493
133, 076
107, 331
87, 679
96,340
78, 526
58, 960
40, 445
77,917
51, 756
1.458
2,943
47, 714
1.502
2,389
53, 227
1.536
2,491
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
2,965
54, 039
1.470
2, 514
57, 276
1.453
2,367
49, 763
1.466
2,297
8, 065
5 715
2,350
7,271
4 947
2, 324
8, 138
5, 524
2, 613
9, 238
6 036
3 202
9,895
6 613
3,282
9,574
6 695
2, 879
9,943
6,755
3,188
9,552
6,702
2,850
9,793
6,699
3,093
9,388
6,488
2,900
8,654
5,776
2,878
3, 037
940
3,009
947
3, 233
1,168
3,182
1, 256
3,153
1,064
3,265
1,045
3,236
1,029
3,265
1,056
2,934
1,004
3,115
1,058
3,104
952
3, 587
1, 020
6.49
63
233
6.69
76
249
6.77
78
245
6.49
76
230
7.14
78
264
6.51
77
274
7.04
77
270
6.71
71
239
7.44
73
250
7. 26
76
256
7.49
80
262
7.53
71
243
6. 75
60
231
56, 399
53 130
1 631
15 957
19, 466
237
59, 980
63 018
1 477
12 699
26, 700
253
63, 298
71 506
1 476
10 656
40, 199
328
74,917
76, 349
2 236
13 428
47, 501
419
69 358
86 172
2 314
13 992
57, 560
599
69,711
85 632
1 945
14 251
53', 901
1,030
83, 504
112, 186
2 030
16 089
44, 057
2,439
101,430
119, 703
123, 344
91, 919
116,023
69, 703
83, 717
56, 746
36, 929
4,004
26, 472
4,040
23, 999
2,005
21, 103
1,102
18, 351
434
21, 398
296
766
9,664
919
11,610
741
9,388
748
9,817
696
9,132
656
8,622
693
9,120
656
8.652
627
8,268
614
8,076
644
8,447
593
7,760
380 586
223 190
129, 766
374 578
222 116
124, 327
363 949
219 159
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
385 576
228, 827
125, 827
399 936
234, 531
133,915
273 404
do
50 534
do
thousands. . 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
272 718
44, 997
43, 387
276 315
50, 474
43, 582
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
17 233
15, 477
1,070
17 340
15,543
1, 157
15 872
14. 570
689
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
2,574
1,820
522
2, 609
1 951
428
2,487
1 83(3
442
2,799
2,297
489
2,453
2,133
192
2,346
1,992
222
2,657
2,130
390
2,545
2,166
299
2,480
2,100
249
2,550
2,130
288
2,533
2,174
232
2,420
2,139
164
2,471
2,092
249
2, 586
2,168
301
2 403
2,097
194
r
131
Total, adjusted
_.
do
111
Coal
do
191
Coke
do
152
Forest products
do
131
Grain and grain products
do __
69
Livestock _ _ _ ___ _
.
do
248
Ore
do _ _
45
Merchandise, 1. c. 1
___
do
144
Miscellaneous
do
Freight-car surplus and shortage, daily average:
24, 003
Car surplus, total
number. _
8, 113
Box cars
do
10, 456
Gondolas and open hoppers
- do
792
Car shortage, total
do
449
Box cars
do _ _
173
Gondolas and open hoppers do
Financial operations:
Operating revenues, total
thous. of dol._ ' 935, 077
r
762, 558
Freight
do
84 069
Passenger
do
r
711, 349
Operating expenses
do
Tax accruals, joint facility and equipment rents r
thous. of doL- 114. 275
Net railway operating income
do.-__ ' 109, 453
141, 852
Net income J
_
do .
Operating results:
50, 753
Freight carried 1 mile
mil of ton-miles
1.552
Revenue per ton-mile
cents
3,118
Passengers carried 1 mile, revenue
- millions ..
Waterway Traffic
Clearances, vessels in foreign trade:
8,560
Total U. S. ports
thous. of net tons
5,994
Foreign
do
2, 565
United States
do
Panama Canal:
3, 057
Total
thous. of long tons
1, 109
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
Passports issued
_
do
National parks, visitors
thousands
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous of dol
COMMUNICATIONS
Telephone carriers:
Operating revenues
thous of dol
Station revenues
do
Tolls, message
do
Operating expenses before taxes
Net operating income
Phones in service, end of month
S-23
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous of dol
Operating expenses, inch depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses incl depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
. do
Operating expenses, incl. depreciation __ do
Net operating revenues
do
r
r
147
'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 November 1952, $87,431,000.
cf Data for January, May, August, and October 1953 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
February 1954
1953
December
January
February
March
April
May
June
July
August
Se
^ teerm-
October
No
m
b™ -
I )ecember
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:]:
Ammonia, synthetic anhydrous (commercial)
short tons...
Calcium arsenate (commercial)
do
Calcium carbide (commercial)
do
Carbon dioxide liquid gas and solid
do
Chlorine, sas
do
188. 882
419
65, 788
44, 463
231, 017
173, 857
926
61, 913
43, 997
217, 261
189, 644
534
68, 946
52, 950
233, 081
188, 173
276
68, 391
51, 823
235, 596
192. 424
216
69, 703
66,194
241, 177
185, 194
(i)
65, 371
77, 859
235, 153
185,515
(i)
69, 603
83, 907
241, 110
193, 932
0)
66, 498
82, 948
238, 619
195, 484
(i)
64, 860
73, 793
228, 826
198, 556
0
65, 562
58, 615
239, 360
194, 886
(i)
61, 201
48, 238
227, 830
199.907
(i)
65, 499
48, 269
227, 040
66, 056
65, 369
Hydrochloric acid (100% HC1)
. do
709
Lead arsenate (acid and basic)
do
0)
156, 824
157, 508
Nitric acid (100% HNOa)
do
2.278
2,296
Oxygen (high purity)
mil of cu. ft
207, 747
Phosphoric acid (50% HsPOO
short tons. . 177, 178
Soda ash, ammonia-soda process (98-100%
422, 365
NaaCOi)
short tons_. 414, 557
8,490
8, 339
Sodium bichromate and chromate
do
269, 311
259, 598
Sodium hydroxide (100% NaOH)
_. do
Sodium silicate, soluble' silicate glass (anhydrous)
41,181
45, 891
short tons.Sodium sulfate, Glauber's salt and crude salt cake
81, 814
81, 436
short tons_.
Sulfuric acid:
1 192,921 , 184, 405
Production (100% HzSO^
do
Price, wholesale, 66°, tanks, at works
20.00
20.00
dol. per short ton..
Organic chemicals:
Acetic acid (synthetic and natural), production
39, 858
42, 985
thous of Ib
67, 175
72, 855
\cetic anhydride production
do
1,120
1,137
\cetvlsalicylie acid (aspirin) production do
Alcohol, ethyl:
42, 182
46, 161
Production
thous. of proof gal..
84, 263
83, 245
Stocks total
do -.
In industrial alcohol bonded warehouses
52. 686
44, 833
thous. of proof gal..
31, 577
38, 412
In denaturing plants
do
35, 349
' 40, 621
Used for denaturation
- do
1,815
1,448
Withdrawn tax-paid
do
Alcohol, denatured:
19, 037
21, 918
Production
thcus. of wine gal
r
20, 225
22, 169
Consumption (withdrawals)
do
r
7,084
8, 283
Stocks
.
do
12, 631
12, 785
Creosote oil production
thous of s:nl
6 925
8 375
F'thyl acetate (85%) production
thous of Ib
Glycerin, refined (100%, basis) :
High gravity and yellow distilled:
6,701
6,898
Production
do
6, 503
6,219
Consumption
do
12, 998
11,370
Stocks
do
Chemically pure:
12, 181
11, 663
Production
do
8, 233
7,608
Consumption
- _._
..
do
16, 069
14. 595
Stocks
do
Methanol, production:
153
166
Natural (100% )t
thous of gal
14, 027
15, 544
Synthetic (100%)
do
20, 013
19, 978
Phthalic anhydride, production
thous. of lb._
60, 570
1,194
139, 178
2,161
199, 765
65, 960
1,144
146, 594
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
198, 325
62, 463
0)
140, 268
1,992
195, 728
63, 425
0
144, 624
2,125
214, 732
66, 494
64, 936
0
0)
159, 421
145, 824
2,114
2,034
202, 463 r 222, 797
64, 029
157, 485
1,933
204, 545
62, 806
278
164, 122
1,891
196, 595
370, 735
7,440
256, 482
423, 755
8, 034
274, 614
432, 747
9.234
278, 970
438, 427
10, 534
288, 216
390, 988
11,414
277, 495
408, 351
10,177
282, 175
414, 642
10, 273
274, 676
408, 829
395, 896
8, 580
8,363
260, 747 ' 276, 413
394,015
7, 954
262, 119
378, 658
7, 752
260, 651
41,950
49, 941
57, 708
54, 037
44, 433
41,270
44, 436
48, 050
64, 740
52, 489
43, 957
73, 221
80, 383
79, 776
78. 422
78, 818
75, 609
77. 869
78, 067
81, 479
' 79, 857
72. 837
,116.994 1, 270, 151 1, 206, 913 1. 257, 882
1,163,791
1,155,529
1,131,309
1,115,524
193, 507
0)
61, 903
45, 562
224, 868
r
l, 210,900
0)
1,207,586 1. 166,896
* 22. 35
20.00
20.00
20.00
20.00
22.35
22.35
22. 35
22. 35
22.35
22. 35
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
36, 579
62, 567
1,298
36 515
49, 075
1 056
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
30, 245
56. 514
26, 312
54, 152
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, 364
21,514
35, 346
1,944
47, 978
17, 296
33, 538
2,218
41, 108
17, 457
34, 685
1,538
38, 322
18. 192
31, 583
1,194
35, 762
18, 390
27, 880
962
21,659
17, 583
9, 689
10, 813
7 222
30. 199
25, 169
14, 909
11,505
7 C85
18,414
23, 105
10, 207
12,386
7 423
19, 201
21, 845
8, 855
14, 015
6 004
20, 126
23, 309
6,844
13, 570
8 200
19, 649
20, 890
5, 575
11, 448
7 343
19, 058
17,861
6, 803
13, 683
4 995
18, 083
18,317
6,552
12, 272
7 356
18, 781
17, 109
8,230
12,114
6 478
17, 057
16, 580
8,702
13, 533
5 165
15,149
17,451
6, 412
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, 151
6, 037
16, 591
5, 235
6,400
15,834
7. 783
6,498
16, 529
6,103
6, 883
15.384
7, 135
'6,136
16, 712
5,798
5, 630
17, 259
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
S. 536
25, 580
12,797
8,899
25,813
11,322
8,877
24, 605
15, 966
9, 618
26, 142
11,203
8, 558
25. 144
15,142
8,718
27, 689
148
11, 890
18, 481
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
165
13 861
19. 659
139
13 603
18, 459
126
13. 941
16, 235
173
13,973
18,848
FERTILIZERS
CoTisuinption (12 St'ites)§
Exports total
Nitrogenous materials
thous of short tons
short tons
do
Potash materials
do
Nitrogenous materials total
do
Nitrate of soda
do
Phosphate materials
do
Potash materials
.
_ __ .
_ _ do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouse*'
dol per short ton
Potash deliveries
short tons..
Superphosphate (100%, A.P.A.)cF
Production
short tons
Stocks end of month
do
685
141,260
7,345
113 557
8,686
924
140. 760
5,946
116, 482
6, 637
1,324
161, 193
5, 336
139, 696
9,161
2, 030
199, 096
6, 853
179,311
7,814
1, 863
227, 068
14, 628
201, 527
6, 734
910
230, 296
5, 650
214,016
6, 101
426
311.892
7, 367
295 012
5. 463
203
272, 139
6, 425
254 557
5, 507
2
228
306. 740
5, 484
287 477
6, 913
2
304
227, 107
5, 063
202 022
7,958
2
429
307, 471
15, 029
274, 173
6,967
2362
248,717
7,023
223,316
6,831
194 599
140, 058
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
11,610
29, 031
417, 574
330, 194
88. 419
11,527
40, 955
299 677
239, 888
92,119
5, 080
13, 819
249 670
168 940
205,411
132,082
19, 489
86, 555
8,434
' 10, 978
r
14, 686
10, 423
166 587
133, 866
22, 949
8, 694
9.288
179 010
139,272
7, 561
7, 813
10, 732
207 352
142, 088
0
19, 907
21, 597
152 784
112,153
39, 832
8,783
18.320
57. 00
133, 733
57. 00
139, 339
57. 00
107, 733
57.00
214, 470
57.00
183. 982
57.00
142, 816
57. 00
108, 479
57. 00
130, 816
57. 00
133.370
53. 00
132. 228
53. 00
117,982
53. 00
123,839
p 53. 00
125,933
169, 459
271,922
174, 796
279, 846
1 74, 494
257. 996
200, 068
206, 673
215, 197
163, 678
196, 945
181, 727
164, 600
214, 636
151, 444
231. 501
160, 579
243, 112
160, 518
247, 530
168, 338
245, 537
157, 845
262, 781
108, 061
278, 454
r
T
N A V A L STORES
Rosin (gum and wood):
Production semiannual total
drums (520 Ib )
Stocks end of period
do
Price, gum, wholesale, "WO" grade (N. Y.), bulk
dol. per 100 lb..
Turpentine (gum and wood):
Production semiannual total
bbl (50 gal )
927, 010
911, 120
769, 520
3 859, 380
8.40
8.90
8.80
8.80
8.60
8.60
8.35
233, 670
3
228, 880
.60
.60
.59
.60
.60
.60
.60
dol. pergaL.
i Not available for publication.
2 Data for 10 States, excluding Indiana and Missouri.
8.45
8.60
8.70
8.75
r
8. 85
P 9. 00
297, 270
213, 770 j
p
.59 i
.61
.59 1
.59
.59
.59
3
Revisions for March 1952: Rosin, 722,580 drums; turpentine,
Price, gum, wholesale (N. Y.)
v Preliminary.
' Revised.
] 94,450 bbl.
tRevisions prior to September 1952 will be shown later.
e,
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma; prior to August 1953, also Indiana and Missouri.
;
___________________________
.,
.
nt
A_ ....... o „„ ^_____, _ _ r__________Virginia and semiannual reports from Kentucky, consumption in those States is as follows (thous. short tons): Virginia— 1952— July-September, 90; Octoberccording to quarterly reports from . __c
December, "lOO; 1953— January-March, 319; April- June, 322; July-September, 79; Kentucky— 1952, July-December, 225; 1953, January-June, 453.
cf Prior to the October 19*53 SURVEY, data were shown in short tons of 18% A. P. A. (available phosphoric acid).
° Revision for November 1952: 34,230 thous. gal.
SURVEY OF CURRENT BUSINESS
February 1954
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Decem-
ber
S-25
January
Febru-
ary
March
May
April
June
July
August
Septem-
October
Novem-
Decem-
918
67, 850
1,000
70, 924
971
62 886
1,027
54 621
ber
ber
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of l b _ _
High explosives
do
Sulfur:
Production
thous. of long tons-_
Stocks
do
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
423
419
472
480
3, 130
382
455
424
451
416
431
3,089
3,043
3,001
419
3,069
2,920
438
2,960
3, 037
370
2,867
3,059
3,057
3,023
3,022
431.216
105, 973
406, 370
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
367, 294
129,469
252, 586
362 958
129, 227
264, 848
57, 588
32, 518
114,150
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
51 774
35, 930
86 410
48 359
29, 443
81 970
3,417
10, 832
90,117
223
244
17, 820
76, 380
14, 599
65, 644
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
2,933
11,138
79 383
5 296
9, 302
72 711
568
571
572
551
488
521
510
546
457
525
415
458
369
446
322
378
379
426
451
476
618
559
1,122
1,147
1,112
1,102
1,074
1,044
1,052
1,072
1,077
912
925
959
943
1,095
1,052
1,050
1,083
1,148
18, 942
44, 941
2,336
42, 604
15,915
39, 291
2, 644
36, 647
18, 714
34, 838
1,194
33, 644
24, 499
30, 146
2 826
27, 320
17, 756
32, 716
2 193
30, 523
34, 726
33, 438
2, 028
31,410
57, 676
38, 229
8 186
30 043
28, 337
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production!
_
thous. of Ib
Consumption, factory
_
__do_
Stocks, end of month
do
Greases:
Production
do
Consumption, factory
do
Stocks end of month
do
Fish oils:
Production!
do
Consumption, factory
_ do
Stocks end of month
_
do
Vegetable oils, oilseeds. and byproducts:
Vegetable oils, total:
Production crude!
mil of Ib
Consumption crude, factory!
do
Stocks, end of month:!
Crude
do
Refined
-- do_ .
Exports
thous of Ib
Imports total
do
Paint oils
do
All other vegetable oils _ _ _
do
Copra:
Consumption, factory
short tons..
Stocks, end of month
_ do
Imports
do
Coconut or copra oil:
Production:
Crude
thous. of l b _ _
Refined
- _
do
Consumption, factory:
Crude - _
_
do
Refined
do
Stocks, end of month:
Crude
- do
Refined
__ _
do _ _
Imports
do
Cottonseed:!
Receipts at mills
__thous. of short tons
C onsumption (crush)
do
Stocks at mills, end of month _ .
do
Cottonseed cake and meal:!
Production
_ short tons
Stocks at mills, end of month §
do
Cottonseed oil, crude:!
Production
thous. of lb_.
Stocks, end of month
do
Cottonseed oil, refined:
Production!
_
do _ _
Consumption, factory!
_ _
do
In margarine!
_. do
Stocks, end of month§!
do
Price, wholesale, drums (N. Y . ) _ _ _ d o l . per l b _ _
Flaxseed:
Production (crop estimate)
thous. of bu
Oil mills:
Consumption
do
Stocks, end of month _
_ _do
Price, wholesale, No. 1 (Minn.)
dol. per b u _ _
Linseed oil, raw:
Production
_
thous. of Ib
C onsumption, factory
do_
Stocks at factory, end of month
do .
Price, wholesale (Minneapolis)
dol. per l b _ _
Soybeans:
Production (crop estimate)
thous. of bu
Consumption, factory
do
Stocks, end of month
do
Soybean oil:
Production:
Crude
thous of Ib
Refined
do
Consumption, factory, refined!
.do _..
Stocks, end of month:
Crude
do
Refined!
-do
Price, wholesale, refined (N. Y.)__.dol. per l b _ _
r
705
486
777
872
967
17, 699
25, 247
18, 875
33, 521
985
970
r
r
591
527
581
569
992
1,227
35, 276
33, 425
18, 102
33, 909
32, 692
33, 468
24, 369
32, 966
15,467
60, 054
2,481
57, 573
29. 524
12,900
23, 426
27, 095
19,014
26, 583
19, 969
28, 611
11,277
29, 029
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
29, 423
27, 497
13, 272
25, 371
27, 066
12, 504
37, 619
30, 958
34, 491
27, 041
24, 232
29, 174
36, 332
29, 922
39, 520
26, 942
32, 318
26, 959
37, 590
29, 970
31,280
26, 372
35, 997
31,411
37, 129
31, 763
43, 066
28, 843
35, 028
25, 938
35, 294
26, 569
47, 818
27, 401
42, 439
24, 030
45, 998
25, 409
44, 820
27, 093
41,591
23, 201
43, 527
23, 063
45, 273
27, 053
39,125
22, 478
45, 597
27 318
47, 498
29, 108
46, 845
27, 356
42, 548
23, 010
42,673
22 369
47, 506
7,980
13,615
44, 552
8,241
10, 846
30, 782
7,677
5,298
36, 744
7,429
9,069
41,411
8,809
19,011
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, 1 16
11, 260
12, 258
54, 809
13, 650
17 550
66 970
13, 843
113
276
182
250
1,323
510
1, 064
1,860
778
2, 146
' 1,397
763
r
2. 780
733
441
877
554
222
100
38
655
1,827
550
1,391
480
949
28
14
670
2,286
44
377
614
266
361
208
197
155
155
319, 967
155, 796
310, 755
194, 047
262,173
210, 115
231, 782
208, 612
181, 730
178, 690
129,515
99, 667
140, 897 i 122, 619
75, 673
i 91, 549
86, 379
i 69, 948
241, 458
i 112, 687
215, 713
184, 648
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
249, 924
143, 804
232, 230
144 017
206, 878
95, 700
27, 027
560, 826
. 195
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
966. 498 1
.204
221, 226
151 Oil
30, 204
016 037 1
.211
200, 423
129 416
30 952
080 422
P. 206
547
2
1
1
371, 321
361, 549
163, 838 i 163, 022
1
340 919
109, 700
3 3Q 813
2,285
4, 967
4.10
2,627
4,355
4.04
2,065
3,679
3.90
1,924
2,822
3.95
1,680
2,136
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
46,016
42, 335
634, 959
.148
2
813
718
2, 875
30, 174
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
.160
298. 052
21,397
79, 852
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
21, 284
61, 401
226 935
198,811
182,331
231,000
202, 969
195,424
200, 412
186, 396
175, 466
221, 783
203, 529
190, 474
208, 414
198, 287
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
153, 674
83, 716
.168
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
2 157
5,164
3.93
2 731
4, 758
4.02
r
54, 274
39, 685
' 35, 747 35, 655
531, 901
517, 554
P. 153
.160
3
l
2
3
Revised.
p Preliminary.
See note marked "§".
Estimate for 1952.
December 1 estimate.
tRevisions for January-September 1952 will be shown later.
§Includos stocks owned by the Commodity Credit Corporation (beginning May 1953 for cake and meal and beginning 1952 for refined oil).
T
r
229 966
214,418
218, 608
87 907
62 353
.188
20, 284
61 710
262 341
20, 758
58 531
219 304
192 662
188, 028
226 320
172 446
163, 834
88 437
74 423
122 021
80 822
p. 197
r
r
M96
SURVEY OF CURRENT BUSINESS
S-26
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Decem
ber
February 1954
January
February
March
April
May
June
July
August
September
October
November
December
114 574
19 350
136 217
16 382
107 419
22 021
107 291
21 779
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS. OILS, ETC.—Continued
Vegetable oils, oilseeds, and byproducts — Con.
Margarine:
Production cf
thous o f l b
Stocks (factory and warehouse)^
do
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)
dol. per l b _ _
Shortening:
Production
thous. o f l b
Stocks, end of month
. . . do
118 453
25, 437
126, 580
23, 412
114,037
25, 364
T 113,501
23,911
93, 279
23, 105
89, 896
20, 817
103, 203
20, 246
89 753
23 366
96 053
18 372
.284
.284
.284
.284
.284
.284
.274
.274
.274
.264
.264
.283
*.283
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
113, 700
130 906
100, 911
152 322
89, 440
172 988
84, 703
191 747
75, 793
139 943
93, 926
91, 050
41, 536
49, 514
107, 729
42, 960
64, 769
106. 176
43, 788
62, 388
121, 132
49, 645
71, 487
129, 534
52, 035
77, 499
131,004
52, 352
78, 652
133 275
50, 970
82, 305
124 953
48 641
76, 312
121 687
47 970
73, 717
119 213
45 793
73, 420
r jig 432
r
46 734
r
69 698
r gg 539
r
40 709
r
57, 830
92 603
40 237
52, 366
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
3 664
7 478
••550
r
441
2 999
5 803
633
401
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
38, 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, 362
32, 399
13, 745
40, 392
31, 420
10, 555
19,176
35, 299
38, 672
16, 347
43, 592
28, 809
9,399
19, 268
38,266
32, 807
17, 010
40 381
28,548
8 375
22, 055
' 35, 895
' 28, 717
r
17, 635
'41 170
' 31, 922
r
10 161
24,970
32, 461
25, 685
17,966
39 129
28, 030
9 736
26 351
PAINTS, VARNISH, AND LACQUER§
Factory shipments total
Industrial sales
Trade sales
_.„
thous of dol
do
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods and tubes
thous. of Ib
Molding and extrusion materials
do_. .
Nitrocellulose, sheets, rods, and tubes
do
Other cellulose plastics
do _
Phenolic and other tar acid resins
Polystyrene.. . .. __ ._
Urea and melamine resins
Vinyl resins
Alkyd resins _ _ . _
__
Rosin modifications
Miscellaneous resins
_
_
.do
do
do
do
do
do
do
r
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total i
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) t
mil of kw -hr
Commercial and industrial:
Small light and power
__
do
Large light and power
do
Railways and railroads
_ _
do
Residential or domestic.do
Rural (distinct rural rates)
do
Street and highway lighting.
do
Other public authorities
_
__.do
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute):!:
thous. of dol_.
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
37 614
30 477
7 137
42,317
36 378
29 471
6 907
45, 052
39 062
30 395
8 668
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 8 53
' 284
31, 199
5 179
5 939
5 658
280
33, 480
5 582
5 990
5 624
366
30, 676
31, 616
30, 875
31, 664
31, 346
30, 991
31 358
31,951
33 031
32 794
32 450
32 051
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
5 917
16 274
'393
7 833
870
345
779
46
5 785
15 794
401
8 248
645
367
767
43
550, 591
569, 334
557, 643
560, 606
554, 637
549, 247
555, 79K
566, 985
580, 126
575, 047
572 316
571 528
GAS
Manufactured and mixed gas (quarterly) :J
Customers, end of quarter, total
thousands
Residential (incl. house-heating)
..do. ._
Industrial and commercial
do.
Sales to consumers, total
mil. of therms
Residential . _ __ .
.. do
Industrial and commercial .
do
Revenue from sales to consumers, total
thous. of dol._
Residential (incl. house-heating)
do
Industrial and commercial
do
Natural gas (quarterly) :\
Customers, end of quarter, total---... thousands
Residential (incl house-heating)
do
Industrial and commercial .
do.
Sales to consumers, total _ - ___inil. of therms
Residential (incl house-heating)
do
Industrial and commercial _
._ _ _
do
Revenue from sales to consumers, total
thous. of dol
Residential (incl. house-heating)
do
Industrial and commercial- ~ _ _ _
do._
r
6, 707
6.230
474
804
493
298
6,552
6,081
467
1,095
748
336
6 508
6,049
455
813
485
319
6 434
5 982
450
539
263
268
113, 514
80, 986
31, 614
146, 648
108, 093
37, 524
111,643
78, 965
31,899
80, 574
54 049
15 939
19. 357
17, 802
1, 533
13, 593
4,175
8,489
19, 690
18, 078
1,591
16, 249
6,757
8,855
19,721
18 138
1.562
12,606
3 510
8, 541
19 849
18 310
1 518
10 502
1 435
8 405
556, 696
308, 596
232, 052
756, 107
477, 947
265, 043
524 442
280,128
232, 779
371 928
148 604
210, 248
....
.
Revised.
P Preliminary.
cfRevisions for production (September 1951-September 1952) and for stocks (December 1951-September 1952) will be shown later.
§ Re visions 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
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
S-27
January
February
March
April
May
June
July
September
October
November
December
9,458
8,905
11, 005
8,339
8, 757
10, 013
7,606
6,941
10 091
5 649
5, 644
9 830
5 954
6,176
9 223
August
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
6,686
6,621
Production
tbous. of bbl
6,774
5, 707
Tax-paid withdrawals
_
- do
9,096
9,606
Stocks end of month
do
Distilled spirits:
r
10, 608
Production
thous. of tax eral .
10, 321
Consumption, apparent, for beverage purposes
13, 398
thous. of wine gal. . r 22, 785
8,872
Tax-paid withdrawals
-thous. of tax gaL_ T 10, 103
894, 493
892, 357
Stocks, end of month
.
- do
2,204
1, 183
Imports
thous. of proof gal
Whisky:
r
5 779
Production
thous of tax gal
6 836
r
5, 677
5 320
Tax-paid withdrawals
do
r
735, 173
734, 248
Stocks, end of month _
do
1,977
1,063
Import5?
thous. of proof gal
Rectified spirits and wines, production, total
' 7, 748
6, 103
thous. of proof gaL_
r
6, 617
Whisky
..
. .. ... do
5,091
Wines and distilling materials:
Sparkling wines:
Production
thous of wine gal
77
151
197
Tax-paid withdrawals
do _
97
1,139
Stocks, end of month _. _ ._
_ do
1,183
96
33
Imports
do
Still wines:
2 442
6,622
Production
_
_ _ -_
do
10 303
11 637
Tax-paid withdrawals
do
225,r 069
215 550
Stock5? end of month
._ _ do .
Imports
do
396
389
Distilling materials produced at wineries - _ d o - _ _ . ' 17, 327
2,786
6,191
5, 630
9,789
7, 683
6,658
10 324
8,167
7,198
10, 720
7,791
7,118
10 905
8, 753
8,083
11 062
9,905
9,210
11, 104
9,548
12, 539
12, 116
11,812
11,469
9,632
7,282
15, 375
28, 896
19 754
15, 930
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
867, 166
2,159
18, 731
17, 257
861, 353
2,967
19 465
16, 690
857 234
2 743
10, 479
859, 297
6 939
5,307
733, 138
1,185
8 295
6 149
732, 448
1 639
8 053
5*917
731, 757
1 337
7 232
5 608
730 843
1 504
7 674
5 499
730, 916
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
9
718
2
9
9
715
2
435
102
087
r
^24
9 270
5 982
716, 439
6, 634
5,721
8, 313
7,217
7, 683
6,500
7,934
6 659
8,047
6, 739
6,902
5, 636
6,248
5,171
8,930
7,740
11,470
9 964
10, 668
9 ^55
6,885
5,850
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
106
131
1,416
45
96
174
1,320
186
76
197
1 186
88
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
17, 237
10 979
149 723
425
44, 669
64 847
12 819
206 868
500
128, 626
20 755
19* 440
214 c»56
699
35, 234
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
96 730
393 077
.670
92 375
311 574
.682
90 765
r 290 598
.676
108 240
282 191
.666
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
118 535
92 625
262' 606
231 524
4' 503
149
118
313,
279
4
151
121
373,
339
4
415
645
855
812
183
128, 460
102 000
420, 281
385 445
2 121
114
88
445,
410
2
330
730
575
733
824
97, 500
72 450
460, 488
426 383
5 540
87
61
448,
416
3
775
505
787
095
602
82 390
56 230
r 432, 325
r 400 983
7 186
91 175
63 225
430, 933
397 804
.427
.422
.411
.407
.408
.406
.405
.405
.407
.424
.427
.415
5,025
169 800
4, 250
158 400
4, 275
202 200
4 425
243 500
5 285
323 000
3 775
327 900
2 710
262 400
2 390
228 500
2 300
170 000
3 000
162 200
3 175
152 500
1 800
155 700
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
5,248
410 379
6,047
339 808
4,897
262 913
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
658
11 337
128
14 427
r
094
406
330
773
DAIRY PRODUCTS
Butter, creamery:
' 94 592
Production (factory) t
_
thous. of Ib
Stocks cold storage, end ol mouth
do
72 723
Price, wholesale, 92-score (New York)_.dol. per lb__
.678
Cheese:
r
Production (factory), total|
- _ - thous. of lb.
82 602
T
A men can whole milkj
do
54 166
Stocks, cold storage, end of month, total_..do
238, 803
American, whole milk
do
205 178
4,454
Imports
- .- - - do
Price, wholesale, American, single daisies (Chi.431
cago)
dol. perlb_.
Condensed and evaporated milk:
Production , case goods :t
r
Condensed (sweetened)
. __ thous. of Ib
4 560
r 172 807
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
-thous. of lb.. r 8,320
382, 453
Evaporated (unsweetened)
do
Exports:
365
Condensed (sweetened)
do
6,539
Evaporated (unsweetened)
..- do.-..
Price, wholesale. II. S. average:
6.33
E vapo rated ( 1 1 ns w eetened)
dol . per case . .
Fluid milk:
Production
mil. o f l b
8 389
Utilization in mfd dairy products
- _ do -.
3, 250
5.63
Price, dealers', standard grade
dol. per 100 lb_.
Dry milk:
Production:*
r
Dry whole milk
thous. of lb_.
6, 641
r
Nonfat dry milk solids (human food)... do.-.
66 113
Stocks, manufacturers', end of month:
Dry whole milk
do
15, 181
Nonfat dry milk solids (human food)
do
127, 715
Exports:
3 694
Dry whole milk
do
Nonfat dry milk solids (human food)
do
8,851
Price, wholesale, nonfat dry milk solids (human
.164
food), U. S. average
dol. perlb..
075
645
276
886
944
6.27
r
6.21
6.12
5.96
5.92
5.79
5.76
5.81
5.79
5.80
5.85
5.82
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
'5.20
8 255
3 062
5.23
8 791
3 505
5.18
8, 800
111 250
8, 750
r 129 600
9,450
r 154 750
9, 375
T 144 39Q
10, 050
r 114 750
10, 052
91 900
8,040
67 050
9,000
65 150
8,420
68 290
7,970
94 250
10, 220
75, 787
7. 535
77 850
T
7,325
81 200
r
15,411
132, 265
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
11, 743
69, 694
11,316
70, 303
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 Q48
3,676
3 014
4,854
3 004
15, 357
.163
.160
.158
.153
.149
.147
.146
.146
.147
.148
.152
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
706
7,887
3,723
29, 444
.153
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
...thous. of bu
Shipments, carlot
no. of carloads, _
Stocks, cold storage, end of month.. thous. of bu._
i 92, 489
2,748
20, 061
Citrus fruits, carlot shipments
no. of carloads _ _
13, 256
Frozen fruits, stocks, cold storage, end of month
thous. o f l b _ _ 455, 479
Frozen vegetables, stocks, cold storage, end of
month
- ._ _
thous. of Ib
534 933
Potatoes, white:
Production (crop estimate)
thous. of bu 1 349, 098
Shipments, carlot
no. of carloads..
18, 300
Price, wholesale, U. S. No. 1 (New York)
dol. per 100 Ib..
4.971
f
2
r
r
2, 559
25, 331
10,915
10, 891
11, 256
11,332
12, 331
12, 317
9,011
6,564
6,938
6,000
481, 129
496, 233
449, 348
441, 235
456, 980
487, 259
568, 132
602, 001
580, 867
581, 706
r 571, 762
494 893
450 265
419 899
384 285
361 217
384 992
468 377
573 601
688 353
737 427
r
23, 101
20, 694
24, 871
19, 337
19, 142
25, 238
15, 464
11,871
15, 770
17, 707
5.369
5. 317
3. 969
4.013
4. 085
2.917
2.230
3.165
3.060
3. 325
' 6, 730
92 584
2,792
20, 060
12, 479
576, 272
722 109
f
695 188
14, 714
2 373 711
15,129
3.313
» 3. 053
Revised.
* Preliminary.
' Revised estimate for 1952.
- December 1 estimate.
{Revisions prior to December 1952 are available upon request us follows: Beginning 1951 for cheese, condensed milk, and nonfat dry milk solids; beginning 1952 for butter, evaporated
milk, and dry whole milk.
SURVEY OF CUEEENT BUSINESS
S-28
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
February 1954
1953
1952
December
January
February
March
April
May
June
July
August
feerm-
Ootnbpr
uctober
November
S
December
FOODSTUFFS AND TOBACCO— Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
56, 854
thous. of bu_.
Barley:
i 226, 014
Production (crop estimate)
do
7,659
Receipts, principal markets
do
Stocks, domestic, end of month:
13,415
Commercial
do
r
Exports including malt
Prices, wholesale (Minneapolis):
No 2 malting
No. 3, straight
thous. of bu._
34, 992
30, 649
31, 072
6,877
7,005
9,402
8,161
7,479
6,527
8,037
25, 503
18, 423
11,510
8,235
8,860
7,555
5,960
6,949
9,070
12, 609
12,659
1,096
1,064
960
2,209
14, 631
148, 842
2,478
12, 222
3 25, 567
1,018
12, 188
3,865
2,175
r
r
1,374
2,161
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
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
12, 438
52, 068
10, 515
48, 836
46, 100
37, 288
1, 466. 4
9,013
29, 840
21, 740
15, 774
10, 218
' 45, 703
l«, 381
8,741
9,365
3 329. 6
10, 469
23, 072
12, 492
995.3
11,939
9,459
8,773
13, 512
13, 146
107, 770
r!n
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
1.513
1.436
2
51, 032
r
r
3, 177
10, 240
18, 424
43, 106
2138. 5
16, 087
7,633
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
1.491
1.448
1.439
(4)
1. 563
1.530
6,708
6, 884
6, 796
4,714
4,854
7,780
17, 033
24, 375
8,784
5,908
6,187
2 1,216
8,131
21, 592
19, 819
10, 828
22, 945
18, 453
328
452
327
27, 122
984 324
305
22, 908
286
11, 958
3 220, 067
358
18, 348
261
12, 734
456, 956
935
11, 740
238
296
310
.919
.881
.800
.797
.782
.772
.752
.760
.770
.743
.752
.742
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
13, 388
4,953
194, 685
54, 068
154, 646
122, 947
1
r
13,815
54, 191
G2, 143
74, 247
48, 063
48, 982
44, 537
49, 517
6, 282
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
315, 693
212, 755
699, 757
199, 698
.108
550, 824
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 1,112,950 1,000,652
241,435
153, 150
113. 178
P. 094
.094
.093
.085
240
' 2, 186
1.753
1,488
1,201
502
3,373
3,627
3,630
1.516
2,663
6,240
5,923
1.388
4,288
4,877
6,008
1.614
1, 136
3, 755
1.268
1.249
1.156
1.226
1. 249
321
239
2,685
2,254
1.831
1.751
' 83, 259
9, 373
1,916
924
72, 152
86, 161
520, 281
250, 994
180, 844
204, 667
2. 568
2 17, 998
1,713
11,028
1.287
2 1,168.5
2291.0
J239.4
2.533
2.445
2.329
129, 132
79, 990
80, 077
16,046
2,470
2,892
128, 199
401, 110
29, 785
24, 544
.794
127, 747
225, 283
1.920
r
18, 295
778, 541
2 52, 529
mil. of bu.. i 1, 299. 0
do
do
241, 015
1. 515
1.438
r
25,041
1
flour
32, 034
7, 992
57, 396
2,556
1,059.6
Winter wheat
do
Receipts, principal markets
thous. of b u _ _ r 23, 372
250, 866
D isappearance
do
Stocks, end of month:
251, 212
Canada (Canadian wheat)-.
do
1, 105,915
United States, domestic, total cf
do
259, 257
Commercial
do
Interior mills, elevators, and warehouses
T
thous. of bu- 312, 694
f '
37, 260
' 786, 560
279
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
O
30, 849
10, 717
Rice:
1
48,107
Production (crop estimate)
thous. of bags 9 ..
California:
110, 166
Receipts domestic rough
thous. of Ib
93, 444
Shipments from mills, milled rice do
Stocks, rough and cleaned (cleaned basis), end
90, 015
of month
thous. of Ib
Southern States (Ark., La., Term., Tex.):
219, 191
Receipts rough at mills
thous. of Ib
' 262, 626
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
thous. of l b _ _ 829, 159
203, 923
Exports
do
.108
Price, wholesale, head", clean (N. 6.)_dol. per f b _ -
Exports total including
Wheat only
33, 654
i 1, 260
13, 979
Oats:
Wheat:
Production (crop estimate), total
38, 306
11, 902
Corn:
> 3, 279
Production (crop estimate)
mil of bu
9, 965
Grind ings wet process
thous. of bu
33, 489
Receipts, principal markets
do
Stocks, domestic, end of month:
62, 039
Commercial
__ _- -do
* 2, 154. 8
On firms
mil ofbu
22, 554
Exports including meal
thous of bu
Prices, wholesale:
2. 109
No 3 white (Chicago)
dol. per bu.1. 630
No 3 yellow (Chicago)
do
1.597
Weighted average, 5 markets, all grades
do
do
48, 094
1.612
1. 457
dol. per bu
do
Exports including oatmeal
do
Price, wholesale, No. 3, white ("Chicago)
dol. per bu..
39, 353
98, 680
4,237
do
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
-_
52, 516
23, 399
261, 241
15, 809
265, 465
79, 993
281, 636
103, 118
239, 783
'3 562, 535
3 239, 330
267, 564
287, 303
205, 929
342, 428
351,632
19, 769
15, 985
3 183, 328
3 58, 408
'3 73, 105
17, 535
13, 352
2.558
2.355
2.492
2.036
2.443
2.086
2.145
2.530
1.793
2.265
1.808
2.202
19, 833
265, 543
25, 917
272, 551
r
268, 135
>• 251, 841
211, 909
27, 035
* 841,919
240, 968
231, 647
217, 258
34, 816
30, 879
29, 298
25, 586
246, 186
101, 691
' 269, 523
35, 586
32, 491
2.490
2. 402
2.380
2.530
2.492
2. 358
2. 355
2.505
2.521
2.395
(4)
2.551
28,151
24, 725
2.529
2.387
2.270
2. 529
r
32, 871
40, 988
' 189, 883
38, 907
r
305, 420
1,541 569
359, 213
' 458, 641
131 477
563. 569
21, 740
19, 066
r
31, 822
324, 932
' 339, 156
352, 932
r 344, 218
2. 474
2. 175
1.822
2.439
2. 514
2.217
1.899
2.533
377, 855
1,332,359
333, 815
423, 396
123,467
r
26, 467 ""26," 756
23, 036
18, 945
2 877. 5
18,403
210, 662
424, 057
12, 976
9,394
15,441
2.621
2.288
1.882
2.562
2.623
2.337
2.015
2.578
12, 112
2.601
2.375
2.051
2.596
Wheat flour:
Production:
17, 944
18, 035
17, 351
17, 695
18, 565
19, 783
18, 327
17, 041
18, 720
18, 990
18,177
19, 442
20, 772
Flour
thous. of sacks (100 Ib.)
73.5
77.6
78.0
83.8
76. 6
75. 6
78.8
79.0
87.3
88.2
79.3
81.1
86.7
Operations, percent of capacity
356, 570
363, 955
341, 898
365, 748
371, 059
347, 478
397, 704
336, 676
380, 119
364, 650
393, 577 ' 433, 837 362, 192
Offal
short tons
42, 504
40, 103
42, 903
41, 770
40, 904
41, 767
43, 344
45, 968
39, 435
42, 198
44, 107
48, 436
45, 328
Grindings of wheat
_ . . _ thous. ofbu
Stocks held by mills, end of quarter
4,544
4, 093
4,476
4, 589
4,152
thous. of sacks (lOOlb.)..
1,429 _ . _ 1,624
1,795
1,328
1,471
1,472
1, 690
1, 593
777
1,537
2,250
1, 148
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
5.980
5. 925
5.550
5.935
6.075
5. 855
* 6. 500
6.470
5. 765
v 6. 360
6.100
5.825
6. 250
dol. per sack (lOOlb.)..
p 5. 940
5.275
5. 675
5. 675
5.425
5.675
5.950
" 6. 120
5.150
5.525
5.525
5. 855
5.525
Winter, hard, short patents (Kansas City)_do
2
i
T
ate
December 1 estimate.
Revised estimate for 1952.
eviseu.
i leuiiujmry.
rttvistu tfciuimiu iui ivut.
- a^ut-JHIJUI i e
f* Preliminary.
Revised.
4
3
inning
No quotation.
Id crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
Old c
EY, data were shown in thous. of u. of 45 .
s.
lags
9 Ba of 100 Ib.; prior to the October 1953 SURVEY, data were shown in thous. o bu. o 4 Ib.
d
^he
d"Th 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.
SUEVEY OF CUREENT BUSINESS
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
S-29
1953
December
January
February
March
April
May
June
July
August
September
October
November
December
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 100 lb__
Steers, stocker and feeder (Kansas City)--do
Calves vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals. .
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 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 l b _ _
Lambs, feeder, good and choice (Omaha). -do
523
1,252
2,023
263
453
1,313
1,877
192
422
1,170
1,609
86
535
1,299
1, 952
124
541
1,371
2,019
161
504
1,345
2,055
160
586
1,450
2,440
184
616
1,498
2,258
211
602
1,494
2,559
265
687
1,644
2,770
446
776
1,782
' 3, 095
773
658
1,609
2,997
643
634
1,653
2,342
286
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
22.50
24.83
17. 56
22.00
23.65
17. 63
» 22. 50
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
5,540
2,950
5,194
2,721
16.52
17.98
19.39
20.50
21.88
23.54
23.24
23.29
22.97
24.18
21.54
20.80
23.69
10.7
12.0
13.5
13.8
14.2
15.5
15.5
16.5
15.9
15.9
15.9
15.0
16.2
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
547
1, 529
2,026
754
1,159
1,412
292
1,227
1,182
185
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
19. 25
15.57
19.00
16.41
19. 25
18.22
19.25
18.00
1,572
1,712
1,649
1,537
1,617
1,579
1, 525
1, 675
1,913
1,941
1,952
1,043
63
990
55
929
55
818
50
749
46
638
50
532
50
460
40
460
36
'593
59
728
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
153, 672
2,973
925, 007
159, 376
2,273
994, 342
183, 864
2,942
897, 620
r 215, 352
13, 685
939, 793
274, 353
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil. of lb._
2,127
1,999
Stocks (excluding lard), cold storage, end of month
mil. of lb-_
922
1,038
Exports
do
59
65
Beef and veal:
Production (inspected slaughter)
thous. of lb._ 734, 974
775, 091
Stocks cold storage, end of month
_ do
286, 299
287, 258
1,319
Exports
-do.._877
Price, wholesale, beef, fresh, steer carcasses, choice
.514
(600-700 Ibs.) (New York)___
dol. per lb_.
.477
Lamb and mutton:
Production (inspected slaughter)
thous. of lb._
56, 616
61,371
21,912
Stocks cold storage end of month
do
20, 816
^ork, including lard, production
(inspected
slaughter)
thous. of lb_. 1, 335, 205 1, 162, 504
Pork, excluding lard:
984, 200
Production (inspected slaughter)
do
841, 949
Stocks, cold storage, end of month
do
489, 152
595, 546
8,742
8,605
Exports
do
Prices, wholesale:
Hams, smoked, composite
dol. per l b _ _
.559
.581
.402
Fresh loins, 8-12 Ib. average (New York)_do
.424
Lard:
Production (inspected slaughter)
thous. of lb_. 256, 269
234, 448
210, 994
Stocks, dry and cold storage, end of month f.do
241, 760
44, 347
Exports
- _._do
50, 867
Price, wholesale, refined (Chicago) _.dol. per lb_.
.113
.120
r
.432
.392
.382
.385
.387
.426
.432
.451
.427
.431
.424
53,166
23, 670
58, 129
19, 945
52, 458
17, 493
46, 755
14, 720
44, 558
13, 461
47, 324
10, 410
49, 401
9,460
57, 474
10, 113
64, 856
10, 762
51.566
11, 151
57, 079
12, 973
816, 995
874, 686
770, 875
677, 203
712, 978
654, 193
614, 699
692, 034
853, 449
991, 497
954, 712
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, 981
5,865
531, 761
200, 597
5,176
648. 115
181, 279
4,843
743, 793
r 266, 170
4,419
710, 666
329, 892
.595
.464
.602
.479
.592
.523
.619
.567
.650
.576
.683
.597
.675
.570
.623
. 513
.544
.516
. 558
.452
^657
.509
157, 799
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
34, 505
.183
116,615
42, 439
24,412
.233
149, 478
45, 205
19, 402
.205
180, 413
51, 462
32, 857
r
. 193
178, 155
74, 322
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
56, 985
176, 385
69, 572
259, 085
79, 448
' 287, 153
65, 890
278, 409
241,890
r
P. 206
POULTRY AND EGGS
Poultry:
Receipts 5 markets
thous. of Ib
Stocks, cold storage, end of month
do
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
dol. per Ib
Eggs:
Production, farm
_
millions
Dried egg production
thous. of l b _ _
Stocks, cold storage, end of month:
Shell
thous, of cases
Frozen
thous. of Ib
Price, wholesale, extras, large (Chicago)
dol. per doz_.
70, 745
278, 595
38, 884
261, 072
.263
.310
.318
.333
.345
.325
.245
.275
.255
.255
.235
.230
".250
5, 037
685
5,441
442
5, 328
1,168
6, 298
2,120
6, 094
2,131
5, 872
2,453
5, 051
1,914
4, 642
2, 088
4, 346
1,959
4,206
1, 441
4,614
1, 144
4, 803
1,310
5, 267
1, 238
153
50, 176
120
34, 980
248
37,65, 201
SI 6
98, 978
1 , 431
132, 294
1,513
159, 755
1, 199
152,835
827
133, 427
494
109, 869
288
86, 867
r 137
42,419
i 61, 014
78
42, 409
.489
.454
.443
.497
. 486
.517
. 531
.587
. 624
.613
. 543
.479
87, 060
83, 063
81,213
77, 096
63, 522
56, 041
48, 895
63, 932
104, 262
110,496
109, 988
93,212
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
8, 504
. 400
8, 026
.449
p . 468
1,269
788
712
1,841
1, 160
757
776
1,815
1,374
776
700
2,249
999
526
634
2, 149
860
411
511
1, 256
1, 149
685
666
1,278
860
361
1, 470
1, 286
744
582
1, 320
1, 870
1, 122
813
2, 130
1, 544
873
628
1, 261
1,814
1,164
778
1,848
.618
.573
.553
. 593
.615
.615
31,514
119,099
34,911
109, 189
47,314
113, 581
75, 392
169, 686
60, 155
176, 680
45, 643
174, 640
. 495
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salesj.. thous. of dol. _ 102, 603
Cocoa:
Imports
lone tons
37, 144
. 308
Price, wholesale, Accra (New York).. dol. per lb_.
Coffee:
1,453
Clearances from Brazil, total
thous. of bacs..
817
To United States
do
691
Visible supply, United States _ . __ ._ -..do.
2,207
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per lb._
.538
Fish:
26. 363
Landings, fresh fish, 5 ports
thous. of lb._
192,818
Stocks, cold storage, end of month
do
.540
20, 492
170, 263
. 553
23, 689
142, 040
. 560
75, 903
142, 655
. 600
38, 692
176, 047
r
. 585
34. 244
179, 370
1, 725
1,055
723
v . 612
176," 249"
l
Revised.
*> Preliminary.
No quotation.
t Re vised series.
Compiled by the U. S. Dep irtment of Commerce, Bureau of the Census represent ne factory and ware! ouse stock s of render id and refiiled lard; d ata prior to June 1952
will be shown later.
{Revisions for 1952 are shown in the August 1953 SURVEY
r
SURVEY OF CURRENT BUSINESS
S-30
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
February 1954
1953
1952
December
January
February
March
April
May
June
July
August
September
October
November
December
2,083
1.737
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons..
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
short tons
Fntries from off-shore
do
Hawaii and Puerto Rico _ _
... -do
r
2, 045
1,970
2,679
3,801
4,906
4,676
4, 364
3,908
3,218
2,658
3, 078
388 838
194 722
123, 853
69 484
469 755
149] 498
34 014
398 576
143, 730
37 407
6^7 988
192, 443
59 948
854 355
248, 129
12 283
530 430
235, 756
51 262
698 878
180, 490
26 860
607 °26
234! 674
37 059
614 98^
182^ 958
117 506
563 878
237, 561
643 637
461 177
238i 494
Deliveries, total
do
r 597, 287
r
595, 186
For domestic consumption
do
r
For export
do
2 101
Stocks, raw and refined, end of month
r
thous. of short tons__
1, 622
"Exports
short tons
527
Imports:
Raw sugar total
do
158 151
129 183
From Cuba
do
From Philippine Islands
_ « _do_
25. 224
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
10 855
886. 890
885,168
1 7^2
778 556
777. 391
1 165
844, 285
842. 829
1 456
641, 490
639, 991
1 499
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
J , 186
303
270 596
205 264
59, 642
260 306
178 519
81, 667
361 18">
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
180 291
118 650
56 920
7, 198
350
37 924
32 493
28, 1 73
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
2, 057
250
Refined sugar, total
From Cuba
Prices (New York) :
Raw wholesale
Refined:
Retail
Wholesale
Tea imports
-
do
do
dol. per Ib
060
.060
.062
.064
.064
064
064
064
064
064
064
dol. per 5 Ib
dol. per Ib
thous. of Ib
.494
085
6 931
i 495
085
10 466
.493
083
7 949
.490
.086
10, 590
.495
086
11,141
.495
086
7 943
.495
086
9 215
498
086
7 506
. 500
087
7 766
. 502
087
10. 364
. 503
087
9,491
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter, total
mil. of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
_- _ _
mil. 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. of lb__
Exports, cigarettes
millions..
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination
dol. per thous..
2
812 373
9
54 391
97 620 j - r
r
5*0, 278 P 744, 431
574, 693 i v 743, 394
r 5~ 585 i /• 1 037
r
* 1.700
1,n91
3 S97 i
140 910
St. 401
45 512
4 220
132 i
'061
P 060
. 500
085
G S51 '
497
r 085
3
2 255
r
4,491
r
4, 485
r
4, 037
r
391
341
r
4, 225
r
369
i
340
2, 046
4
513
319
3, 908
3,472
3,703
22,900
8,291
19
167
41,020
9,085
50,103
7, 961
35, 682
8,787
18
178
33. 263
9,578
24, 649
7, 662
40, 511
9. 268
18
163
60. 304
10, 475
55, 738
9, 269
59 397
8,549
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 8Q6
7. 246
7 494
3,066
18 170
7,347
7 430
3, 393
15
7
6
2
999
194
301
504
17,814
6,879
7 569
3, 367
18 833
7,239
8 302
3, 281
19 273
7, 473
8 424
3,376
16 170
6. 80S
6 307
3 055
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
2 813
34, 860
540. 124
3 535 !
30, 338 : P » °8, 830
547, 704 ; ^ 436. 189
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
1 5, 862
1,321
17, 539
1, 158
18, 103
1, 535
18, 580
1,178
15,825 IP* 14.073
1,191
3. 555
3. 555
3. 555
3. 938
3. 938
3. 938
3.938
3.938
3.938
3. 938
3. 938
3. 938
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
15.319
150
41
2 666
2 680
10. 934
208
40
1 726
1 157
9, 454
47
23
2 364
1 °30
.613
.153
.625
.150
.513
.158
.513
.170
.500
.170
.400
.148
.468
.153
804
2, 065
2. 580
2,409
724
1,901
2 115
2, 192
67
56
2.996
51
68
2 929
3,963
19
168
36, 934
7,736
30, 746
8,918
16 369
6,469
6 662
3,237
3,995
!
18
!
181
3. 938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
__thous. of Ib .
Ca^f 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 53 Ibs
do
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
.488
.165
.488
.120
.550
.137
.563
.128
18, 407
123
31
3, 055
4,466
. 513
.138
LEATHER
Production:
857
871
994
930
936
849
827
790
685
839
Calf and kip _, _
.thous. of skins
2,133
2,006
2,020
2,102
2,123
2,117
1,998
1,815
1,978
1, 893
Cattle hide
thous. of hides.
2,802
2,709
3,172
2,979
2,922
3,121
2,241
2,985
2, 828
2,354
Goat and kid
thous. of skins
2,319
2, 435
2,368
2,244
2,215
2,618
2,558
2, 433
2,520
2,103
Sheep and lamb
do._
Exports:
Sole leather:
57
82
42
23
23
21
65
65
24
52
Bends backs and sides
thous oflb
21
33
76
73
43
96
55
53
75
63
Offal, including belting offal
do_._
4,002
2,743
3,959
3,492
2,818
3,000
2,996
2,825
2,840
3,383
Upper leather
thous. of sq. ft
Prices, wholesale:
.705
.690
.705
.680
.690
.680
.725
.720
Sole, bends, light, f. o. b. tannery
dol. perlb_.
.690
.690
Upper, chrome calf, B and C grades, f. o. b. tan1.013
.968
1.007
1.125
1.082
1.042
1.042
.987
1.000
1.127
nery
dol. per sq. ft..
r
Revised.
* Preliminary.
1
Revised beginning 1953 to represent price for New York and Newark for January-June; thereafter, for New York and northeastern New Jersey.
3
4
Estimate for 1952.
s December 1 estimate.
Based on stamps sold to manufacturer.
§Revised to represent data based on number of stamps used by manufacturers; revisions prior to May 1952 will be shown later
T
.670
1.002
P . 438
» . 123
.675
r
P . 655
.998
P . 987
SURVEY OF CUREENT BUSINESS
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-31
1953
1952
December
January
February
March
April
May
June
July
August
September
October
November
December
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 :c?
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
42, 033
45 268
44 872
48 723
44 968
41 858
40 824
40 297
42 804
39 902
40 121
33 522
38 021
37, 303
41, 778
40, 967
44, 079
40, 193
36, 979
35, 790
34, 972
36, 539
33, 376
33, 183
28, Oil
34,210
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
29 842
3,341
24 987
3,024
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
3 800
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 gg3
2 764
5 981
283
262
446
8 006
1 390
15 690
5 130
2 967
6 407
273
258
419
6
1
12
4
2
5
110. 3
110.3
110.3
110. 3
110 3
110 3
110 3
110 3
110.3
110 3
110 3
110 3
p 110 3
117. 1
113. 4
117.1
113.4
117.1
113.4
117. 1
113.4
117.1
110. 7
117. 5
110.7
118. 1
110.7
118.1
110.7
118.1
110.7
118.1
110.7
118 1
110.7
117 5
112.3
v 112.3
801
124
921
363
802
039
262
210
330
8
1
16
5
3
3
087
362
311
336
064
305
290
21 G
p 117.5
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products
M bd. ft
Imports, total sawmill products
do
National Lumber Manufacturers Association:©
Production total
mil. bd. ft
Hardwoods
. . .
do
Softwoods
do
Shipments, total
. . _ _ _ _ _ _ _ _ do
Hardwoods
do
Softwoods
do
Stocks, gross (mill and concentration yards), end
of month, total
mil. bd. f t _ _
Hardwoods
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 . f t _ _
Western pine:
Orders, new
mil bd ft
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, gross, mill, end of month _ _ _ _ do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
dol. per M bd. f t _ -
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
54, 245
246, 389
52, 517
253, 650
50, 919
243, 520
48, 064
220, 633
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
3. 075
718
2, 357
2,869
624
2,245
2, 873
638
2, 235
2,701
550
2, 151
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
8,793
3, 107
5,686
8, 967
3, 194
5, 773
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
966
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
974
24, 422
11, 842
12, 580
753
717
758
742
991
21, 451
9,836
11,615
798
750
753
757
987
T
84. 945
84. 665
84. 105
83. 405
82. 845
79. 009
78. 064
77. 252
76. 972
75. 187
74. 347
124. 460
124. 460
125. 105
126. 232
127.049
126, 396
126. 396
126. 085
126.085
125. 930
125.113
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
623
230
673
630
531
202
651
55<>
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
4, 662
1, 005
3, 657
1,884
4,901
1,098
3, 803
1,976
' 76. 549
75. 665
' 156. 298
155.685
82.113
81. 402
81. 180
80. 675
80. 487
79. 439
78. 748
78. 227
77. 614
77. 703
76. 545
158. 971
159. 583
159.706
159. 360
158. 748
156.604
156. 604
157.829
157.523
157. 523
157.217
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
1,7(H
678
342
767
690
1,781
83. 61
83.64
84.07
85 00
85.04
84.92
83. 26
81.10
76.11
70.84
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
73. 409
125.612
722
380
759
684
1. 856
82. 65
73. 122
' 123 978
i 254, 756
i 253, 635
i 113,871
491
317
583
554
1,885
r
547
342
512
523
1,874
70. 04
70. 65
SOFTWOOD PLY WOOD t
Production
__thous. of sq. ft., %" equivalent
Shipments
__do
Stocks, end of month
do
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
M bd. f t _ _
4, 300
4,525
3,800
4,850
5, 075
4,150
4,275
5,250
4,400
3, 300
3,975
5,150
3,575
Orders, unfilled, end of month
do
9,325
9, 650
9,900
10, 050
10, 350
9,650
10, 450
9,800
9,500
8, 450
8,100
9, 250
7, 850
Production
do
4,000
3,900
3,875
3,500
3.900
4,200
4, 150
3,100
3,950
4,100
4, 3004,750
3, 775
Shipments
do
4, 050
3,650
4,125
4,250
5,150
3,550
4,050
4,350
3,850
4,300
3, 825
3, 925
3, 750
Stocks, mill, end of month
do
10, 275
10, 200
10, 525
10, 100
10. 600
10, 550
8,025
8,950
7,650
7, 650
9, 300
8,500
8, 675
r
Revised.
f Preliminary. J Series discontim led with A ugust datEi.
cf The figures include a comparatively small nu mber of *'c ther footw ear" which is not sho wn separa ;ely from s hoes, sand;:ils, etc., in the distrilmtion by t ypes of up{)ers; there are further
small differences between the sum of the figures and the totals or shoes, s andals, anc play shoe s, because the latter, imd also th e distribut on by kimis, include small revis ions not a\Bailable by
types of uppers.
® Re vised monthly data for January 1950-July 1 are ava liable upo i request.
952
JReviskms for 1952 appear in the Augus 1 1953 SUE VEY.
SUEVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
February 1954
1953
1952
Decem-
ber
January
Febru-
March
ary
May
April
July
June
August
Septem-
October
ber
Novem-
ber
Decem-
ber
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
73, 232
56, 093
72, 716
67, 982
76, 738
89, 979
66, 898
78, 157
78, 556
76, 339
98, 269
86, 161
79 615
85, 226
62, 064
87, 638
76, 823
72, 283
77, 265
69, 323
84 222
86, 584
84 371
88, 359
55 268
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
76 085
50 082
86 213
84, 572
52 612
68 178
46 584
76 703
73, 924
55 391
243, 571
25 477
241, 726
14, 438
270, 433
30 041
210, 830
7,104
277, 137
36 065 1
190,054 j
9,897
70
47
81
71
910
688
218
221
64 149
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total
--short tonsScrap
do . - _
Imports total
.-do. .Scrap
do
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
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
6,314
3,386
2, 928
6,893
1 567
5, 327
6,043
3,362
2 681
7, 033
r
l 638
r
5, 395
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
427
8,220
45, 172
39, 055
6 116
746
0
8,293
37, 077
31, 967
5 110
0
7,396
29 949
25, 741
4 207
313
8, 257
22, 065
19, 026
3,039
8,404
7, 764
21, 572
18,816
2, 757
13, 597
8, 358
26, 247
23, 198
3,049
681
576
576
780
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
157
141
95
96
95
103
134
1,316
1,142
619
1, 333
1,162
1,332
1,136
1,376
1,264
1,306
1,277
1,272
1,186
622
607
675
683
642
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
6,510
6 367
6,564
6,478
5,882
5,832
6,677
6, 577
1, 852
1,884
54. 73
54. 50
55. 00
54. 73
54. 50
55. 00
Iron and Steel Scrap
Consumption total
thous of short tons. .
Home scrap
_do
Purchased scrap
- do
Stocks, consumers', end of month, total
do
Home scrap
do.~
Purchased scrap
do
Ore
Iron ore:
All districts:
Mine production
_ ._ . thous. of long tons. .
Shipments
.
do
Stocks at mines end of month
do
Lake Superior district:
Shipments from upper lake ports
do_...
Consumption by furnaces
do
Stocks end of month total
do
At furnaces
do
On Lake Erie docks
do.- Imports
do
Manganese ore, imports (manganese content)
thous. of long tons.-
T
6, 304
p 5 673
r
6, 780
p 6 , 815
15, 143
15, 457
6, 614
12, 290
13,512
5,396
6,392
6,998
4 800
15,237
8,150
45, 579
39, 988
5,591
1,109
13,214
7,699
51,767
44, 612
7, 155
1, 137
11, 538
8, 131
55, 699
47,419
8 9SQ
1,085
127
89
90
134
71
1,246
1,196
1,233
1,056
1,223
1,069
573
1,170
1,106
1, 004
589
612
1, 076
1,142
648
160, 387
82, 050
48,011
151,016
86, 514
50, 819
137, 251
77,111
45,413
120, 801
73, 855
45,415
6, 231
6,236
6, 587
6,546
6, 373
6,251
6, 516
6,249
1,895
1, 876
1,887
1,977
54. 73
54. 50
55. 00
54.73
54. 50
55. 00
54.73
54. 50
55. 00
182, 181
141,873
34 364
179, 615
140, 051
34, 035
165, 649
126, 380
29, 552
T
T
5, 300
7,522
54, 981
46, 896
8 085
0
7,022
48 815
41, 145
4 671
965
Pig Iron and Iron Manufactures
Castings, grav iron:
Orders unfilled for sale
thous. of short tons. _
Shipments total
do
For sale
-- do-- Castings, malleable iron:
Orders unfilled for sale
short tons
Shipments total
do
For sale
- do -Pig iron:
Production
thous. of short tons. _
Consumption
- do
Stocks (consumers' and suppliers'), end of month
thous of short tons
Prices, wholesale:
Composited1
dol. per long ton-Basic (furnace)
do -Foundry, No. 2, f. o. b. Neville Island. _do
977
650
564
114,523
74, 333
45, 466
104, 046
73, 473
45, 515
93. 15H
63, 435
37, 500
6,472
6,353
6, 202
6, 024
6,498
6, 421
6, 063
v 5, 963
2,298
2,368
2,511
2, 527
P 2, 6GO
54.80
54.50
55.00
56. 22
56. 00
56.50
56. 23
56. 00
56.50
56. 10
56.00
56.50
56. 03
56.00
56. 50
56.03
56. 00
56. 5U
164, 665
125, 984
30, 381
139, 577
105, 687
22, 925
141,340
107,941
25, 026
135,303
102, 880
24, 108
140, 702
106, 788
25 354
114,088
84, 945
17, 784
1, 207, 058 1, 206, 550 1, 199, 151 1,197,291 1,081,838 1, 239, 057 1, 135, 343
191,189
185, 323
200, 152 ! 196,441
183, 545
183, 709
180 538
134,686
132, oSO
147, 701 1 140,510
135 682
133 851
137 221
52, 743
56, 503
52, 451
55,931
46, 324
48, 027
46 687
_ - do _ .
1,080,582
155,288
112,848
42, 440
3 974, 1 53
3 150, 512
3 110,926
3 39, 586
797. 523
155, 772
112 803
42. 909
741,651
144. 617
103 662
40, 955
9, 463
S. 690
90
7, 94-1
95
. 0524
. 0524
. 0524
72. 00
-. 0438
f - 72. 00
p 2 . 043S
36. 50
36, .'0
P 33. 50
3, 748
2,101
3. 404
1, 848
84
88
3, 231
2, 003
78
1, 964
56.31
54. 50
55.00
1
r
5,779
56. 03
p 56 00
P 5f>. 50
Steel, Crude and Semimanufactures
Steel castings:
Shipments total
For sale total
Railway specialties
Steel forgings:
Orders unfilled total
Shipments for sale total
- .short tons
dodo
161. 733
122 166
25 972
167,211
126,819
26 752
175, 675
137, 592 1
33 156
- -- -do ._
do
Press and open hammer
Steel ingots and steel for castings:
Production
.. thous. of short tons..
Prices, wholesale:
Composite, finished steel
dol. per l b _ _
Stool billots, rerolling (producing point)
dol. per short ton..
Structural steel (producing point)
dol. per lb._
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton..
9, 104
9, 276
9, 406
109 i
9,997
100
97
93
94
. 0498
. 0498 j
. 0498
.0501
.0513
. 0524
.0524
59.00 !
. 0420 |
59. 00
. 0420 1
59. 00
. 0420
62 00
. 0413
2
69. 00
2 . 0413
72. 00
. 0438
2 72. 00
2 . 0438
44.00
44.00 i
44. 00
44. 00
39. 50
40. 50
44. 50
45. 50
40. 50
4, 878
1, 981
68
4, 804
2, 068
4,393
2, 054
81
4, 459
2,086
3, 901
1,975
117
4,013
2,026
4, 052
1,950
94
123
1
. 0524
59.00
. 0420
r
8,883
92
106
8,933
99
. 0498
. 0498
59.00
. 0420
44.00
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands _
Shipments
do
Stocks, end of month. _ . _
— - — do
034
173
305
868
9, 540
99
9,898
99
9, 691
882,
153,
110,
42,
r
10, 16S
2
2
2
2
72. 00
. 0438
2
2
2
72. 00
. 0438
2
0
80
i
1
4, 949
2, 046
5, 174
1,798
48
62
5,052 !
1,670 I
63 i
90
1
90 i
j
estimated industry totals based on forgo shops whoso shipments in 1P47 accounted for over flc percent of total shipments; earlier data aro estimated totals based on a different sample.
^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.
tFor 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
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
December
S-33
January
February
March
April
May
June
July
August
September
October
November
December
1,134
21, 972
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 tube*?
do
Plates
do
Rails
do
Sheet^
do
Strip Cold rolled
do
TTot ro'led
do
Structural shapes, heavy
do
Tin plate and terneplate
do
Wire and wire products
do
256, 739
158,612
98,127
219,682
1,138
r
27, 012
269, 597
167, 764
101, 833
227, 068
1,186
26, 616
252, 084
151,200
100, 884
215, 587
1,138
24, 696
279, 372
161, 854
117,518
238, 914
1,296
27, 627
304, 201
174, 879
129, 322
255, 358
1,338
27, 772
304, 743
177, 976
126, 767
259, 360
1,307
29, 317
357, 201
220, 481
136, 720
311,009
1,348
31, 605
446, 772
299, 306
147, 466
407, 362
1,281
30, 752
506, 215
360, 564
145, 651
457, 387
1,260
29, 155
484, 561
346, 645
137, 916
432, 830
1, 226
27, 244
368,917
239, 111
129, 806
329, 545
1, 282
24, 746
315,095
190, 967
124, 128
280, 843
1,097
22, 378
7, 105
865
211
395
857
720
153
1, 843
179
196
422
373
454
7,068
853
146
358
832
714
166
1, 851
190
203
418
433
458
6, 533
779
156
335
804
659
148
1. 695
167
183
395
373
435
7,437
894
173
415
902
707
168
1,982
205
210
416
448
471
7,162
838
155
357
880
650
150
2,007
194
206
414
442
447
7,209
873
159
352
828
698
161
2, 003
187
214
417
459
449
6,950
843
157
329
847
614
162
1,924
190
210
397
441
426
6,583
794
166
295
801
587
156
1, 957
151
161
414
405
328
6, 499
750
148
252
778
586
150
1,921
188
195
391
390
378
6,401
723
163
232
833
586
162
1, 864
191
192
393
340
349
6,727
758
161
232
864
644
164
2,003
194
180
442
361
329
5,904
633
140
190
728
609
182
1, 768
169
151
443
303
270
83, 419
334, 147
89, 895
294,415
92, 649
283, 599
104, 460
350, 094
102, 071
355, 895
105, 464
345, 619
104.152
427, 849
109, 285
390, 184
110, 545
442, 171
109, 333
402, 340
108,219
363, 945
105, 636
400, 077
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary
_ _ short tons
Imports bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
dol. per lb__
A l u m i n u m fabricated Droducts, shipments,
total
mil. of Ib
Castings
do
Wrought products total
do
Plate, she^t, and strip
_ __ _
do
Brass sheets, wholesale price, mill
dol. per lb,_
Copper:
Production:
Mine production, recoverable copper
short tons..
Crude (mine or smelter, including custom intake)
..short tons..
- Refined
do ..
Deli\ 7 eries, refined, domestic
do
Stocks, refined, end of month
do
Exports, refined and manufactured
do
Imports, total
do
Unrefined, including scrap
do
Refined
do
Price, wholesale, electrolytic (N. Y.).do1. per lb_.
Lead:
Ore (lead content):
Mine production _
short tons
Receipts bv smelters, domestic ore. - - _ do
Refined (primary refineries):
Production
.
do
Shipments (domestic)
do_ .
Stocks, end of month
do
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb__
Imports, total, except rnfrs. (lead content)
short tons
Tin:
Production, plg§
long tons
Consumption, pig total §
do
Primarv$
do
Stocks, pig, end of month total§
do
Government^
do
Industrials
do
Imports:
Ore (tin content)., . . .
. do
Bars blocks pi?5 etc
do
Price, wholesale, Straits (N. Y.)
dol. per lb._
Zinc:
Mine production of recoverable zinc__ .short tons__
Slab zinc:
Production _ .
_ do
Shipments, total
do
Domestic
...do
Stocks, end of month
. . . .
do
Price, wholesale, prime Western (St. Louis)
dol. per lb__
Imports, total (zinc content)
short tons_.
For smelting, refining, and export .
do
For domestic consumption:
Ore fzinc content)
do
Blocks, pigs, etc..
do
.0750
.0750
. 0825
.0995
.0924
.0838
.0936
.1000
.0900
.0900
232.0
53.3
178.7
103. 7
.402
243. 6
55. 6
187.9
110.7
.402
240. 7
54.9
185. 7
109. 2
.402
273.7
59.4
214.3
127.1
.429
281.0
61.6
219.4
129.2
.429
266.7
57.6
209.1
123.6
.429
261.8
56.8
205.0
121.3
.429
254.1
51.7
202.5
123. 5
.429
241.4
50.9
190. 5
117.9
.429
237.5
53.7
183.8
111.9
.417
72, 317
' 80, 886
75, 764
r
77, 512
r
T
79, 706
' 80, 850 ' 73, 635
r
r
. 0996
. 0825
r
241.1
T
55. 4
185.7
113. 6
.417
110, 291
. 1033
r
200. 2
51.4
••148 8
89.4
.417
149.1
91.2
p. 417
76, 492
' 75, 581
75, 442
r 80, 005
75, 165
77, 109
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
31,901
.2929
95, 890
113, 782
142, 382
48, 382
6, 551
71,110
39, 573
31, 537
. 2990
93, 197
117, 929
146, 215
52, 762
8,669
67, 098
32, 132
34, 966
.2968
84, 948
127,291
139, 300
58, 126
7,278
81,341
40, 391
40, 950
.2969
88, 063
122, 036
104, 481
77, 100
13, 317
66, 200
48, 201
17, 999
.2969
84, 953
108, 974
106, 985
78. 825
18, 848
48, 466
32, 205
16,261
. 2961
86, 748
1 14, 760
104, 886
72, 907
17, 465
58, 353
48, 938
9,415
.2962
92, 435
126, 138
110,519
84, 303
18,870
51,095
35, 351
15, 744
.2960
* 85, 724
119,230
100, 908
93, 274
15,827
32, 414
26,011
6, 403
. 2965
88, 345
123, 296
112, 244
89, 193
29, 542
32, 769
30, 660
30, 697
29, 458
30, 388
30,715
32, 660
31, 137
31, 557
29, 051
28, 793
28, 472
30, 753
26, 444
27, 339
26, 164
27, 709
26, 526
27, 637
26, 740
27, 934
24, 671
26, 904
25, 315
28, 812
48, 651
39, 370
43, 560
47, 295
35, 529
52, 760
45, 423
36,811
58, 949
47, 993
42, 242
62, 371
46, 729
39, 487
69, 608
43, 187
48, 914
63, 879
36, 880
44, 140
56, 569
40, 210
35, 652
61,017
38, 022
40, 836
58, 103
42, 154
41, 598
58, 490
44, 741
44, 987
58, 236
52, 562
43, 234
67, 494
48, 687
35, 007
81, 152
. 1350
. 1268
.1275
. 2967
.1413
.1419
.1368
.1400
.1374
85, 133
48, 002
42, 144
36, 410
42, 810
43, 612
45, 918
30, 796
41,234
22, 031
34, 107
39, 873
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
7,788
5,162
17,629
5, 206
12, 423
3,968
7, 680
5,192
16, 029
4, 402
1 1, 627
3,286
7, 562
4,985
13, 592
2,135
11,457
3, 245
7,508
4,989
13, 391
1, 935
11,456
3,151
6,580
4, 329
16, 932
4, 935
11, 997
2,798
6, 619
4,257
20, 340
7, 536
12, 804
2, 962
6, 855
4, 276
23, 466
10, 436
13, 030
3,011
6,519
4. 001
>• 26, 164
13 086
«• 13, 078
2, 964
5, 826
3, 698
28, 460
15, 717
12, 743
3,277
7,180
1. 2147
3, 862
7, 703
1. 2150
4,101
5, 251
1. 2150
4, 573
6, 686
1.2140
1,915
7,229
1.0111
2,017
6, 739
. 9746
4,230
5, 495
.9295
2,798
5 821
.8163
1,214
6,992
.8068
1. 910
5, 372
.8231
2, 376
6, 388
.8085
3, 329
5, 067
.8319
37, 745
49, 789
54, 035
49, 506
51, 803
51, 335
47, 940
46,413
42, 252
41, 034
39, 037
38, 670
36, 460
37. 745
81. 363
77, 352
71, 175
87, 160
81, 994
80, 679
77, 573
88, 475
76, 899
71, 710
67 729
93, 664
83, 485
77, 285
72, 388
99. 864
80, 459
86, 043
78,211
94, 280
82, 422
84, 250
75, 648
92, 452
81,
76,
72,
97,
617
784
612
285
80, 825
74, 204
69, 498
103, 906
83, 241
69, 250
65, 450
117,897
81,211
57, 547
55, 167
141, 561
84, 031
67, 1 75
65, 470
158,417
r
75, 891
r
68, 685
'63,617
165, 623
79,116
63, 896
55, 487
180, 843
.1250
27, 232
1,532
. 1259
27, 658
911
.1148
27, 475
984
.1103
54, 767
3, 859
.1100
51, 609
473
. 1100
75, 808
338
.1100
102, 632
143
.1100
66, 834
182
.1098
54, 950
49
.1018
53, 446
124
.1000
61, 532
325
. 1000
48, 538
2,831
3,686
22, 014
6, 804
19, 943
7,837
18, 654
29, 020
21,888
26, 601
24, 535
47, 708
27, 762
64, 206
38, 283
41, 600
25, 052
38, 882
16,019
42 062
11,260
51 095
10,112
36 198
9, 509
2,590
3, 859
2,634
4,044
2,621
4,028
2,435
4, 625
1,740
5,310
1,821
6,745
2,477
9,085
2,591
8,404
3, 345
7,909
3,336
7, 152
3, 840
6,327
2,782
5, 986
53, 272
46, 781
49, 026
49, 915
45, 345
58, 324
56, 336
67, 262
53, 904
78, 784
64, 173
86, 387
74,416
86, 635
79, 735
81, 190
95, 622
77, 821
100, 955
67, 613
r 103,493
r
71, 687
62,010
65. 238
.1340
. 1341
. 1350
.1350
. 1350
. 8461
. 1000
HEATING APPARATUS, EXCEPT
ELECTRIC
Radiators and convectors, cast iron:cf
Shipments
thous. of sq. ft
Stocks, end of month
do
Oil burners: t
Shipments
number..
Stocks, end of month
do
r
Revised.
P Preliminary.
§Substitiitcd series. Compiled by the 17. & Department of Interior, Bureau of Mines; monthly data beginning January 1951 are available upon request. Government stocks represent
those available for industrial use.
d"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.
^Revisions for January-July 1952 are shown in a footnote on p. S-33 of the January 1951 SURVEY.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
February 1954
1953
1952
December
January
February
March
April
May
June
July
August
September
October
November
December
METALS AND MANUFACTURES—Continued
1
HEATING APPARATUS^ — Continued
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
_ _ _ d o -Stoves, domestic heating, shipments, total _ _ _ d o
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
197, 118
8,911
178, 706
9,501
197, 416
36, 401
115, 821
45, 194
187, 745
8,723
170, 675
8,347
145, 700
12, 061
57, 487
76, 152
205, 872
8,089
187, 702
10, 081
124, 334
11, 735
60, 568
52, 031
228, 602
8,125
210, 048
10, 429
147, 598
17, 218
78, 544
51, 836
238, 851
7,420
220, 939
10, 492
137, 623
20, 782
72, 366
44, 475
197 483
5,075
181, 682
10, 726
154, 965
25, 503
78 136
51, 326
179, 651
5. 435
167, 070
7,146
216,485
27,617
116,059
72, 809
171 491
5,796
159,515
6,180
297, 809
47, 056
153 104
97, 649
203 752
7 006
187, 515
9 231
396, 268
51 841
221 532
122 895
227 248
9,636
209, 249
8, 363
479, 103
67, 332
239 419
172, 352
222 942
7 543
205 038
10 3K1
r
401. 695
55 517
r 223 002
r
123 176
176 232
6 811
159, 270
10 151
245, 953
29 132
156 748
60 073
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. 294
49, 314
36, 296
6, 684
172, 243
90, 953
46, 939
38, 318
5,696
170, 356
109 172
54, 014
47, 210
7,948
159, 730
126, 181
59, 736
56, 280
10, 165
171, 779
r
121 467
58 374
53 203
9 890
185,388
86, 412
43, 076
37,814
5, 522
148, 855
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
Tractors (evcent warden), quarterly:*
Shimmer ts totalO
do
.Wheel type (excl. contractors' off-highway)
thous. of dol. _
Track lay ing
do
192, 389
278, 227
285, 078
206, 541
107, 932
75, 340
182, 346
84, 795
175, 667
93, 086
112, 025
84, 615
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands. _
1,975
r
r
33, 117
16, 625
41, 857
12, 223
51, 158
14, 823
40, 368
16, 959
343. 3
301.0
257.3
396.7
303.0
294.4
446. 8
440.8
633.3
317.2
202 9
455. 8
494 3
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
1,166
1,690
909
1 624
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
198 7
348.4
r
r
146.6
320. 2
p 149 2
* 303. 1
6,575
5,752
6,521
8,255
7,758
4 629
5,690
5, 533
4 886
2,825
' 2, 165
1,887
1,571
2,852
2,004
2,528
88.3
95.7
107.6
80.5
197, 506
252, 404
268, 548
329, 294
295 393
294 960
353 972
313, 005
1
1,549,203 1, 158, 936 1, 108, 991 U,163,831
87.0
159,446
233 191
674, 459
62.0
35.0
46.0
63.0
227, 253
216, 227
188, 536
249, 383
190, 773
244 144
349 342
319 066
296 589
200 034
991, 637 U,216,525 1, 052, 493 1,065,785 '1,101,115
603, 760 » 770,085
680, 433
560, 197
1,202
1,162
106.0
74.8
93.3
Refrigerators, indext
1947-49=100
255, 886
246, 007
Vacuum cleaners, standard type
number _ _ 249, 032
317 914
282 453
333 601
Washers
do
2
1,498,258 1,093,142 1, 192, 439
Radio sets, production^ .. .
do
Television sets (incl. combination), production §
719, 234
number.. 2 921, 086
730, 597
Insulating materials and related products:
Insulating materials, sales billed, indext
1947-49=100
174.2
176.3
176.5
Fiber products:
Laminated fiber products, shipments©
10, 427
10, 609
10, 196
thous. of doL.
Vulcanized fiber:
4,466
Consumption of fiber paper
thous. of lb_.
4,198
4,360
Shipments of vulcanized products
1,791
thous. of dol._
1,671
1, 725
Steel conduit (rigid) and fittings, shipments
25, 780
21, 946
23, 188
short tons
Motors and generators, quarterly:
157.8
New orders indext
1947-49-100
Polyphase induction motors, 1-200 hp:1
36, 954
New orders
thous. of dol
36 541
Billings
do
Direct current motors and generators, 1-200 hp-. ^
8 807
New orders
thous of dol
10, 152
Billings
do
4, 845
1
1,245
1,455
2,707
810, 112
567, 878
481, 936
i 524, 479
316, 289
190.2
189.1
173.9
174.4
150.0
153. 0
153.0
154.0
130.0
11,072
11, 322
10, 268
10, 299
8, 872
8,505
9,222
9,591
8,879
8,894
4,843
4,701
4,452
4,673
4,033
4,197
4,287
4,287
3,591
3,571
1,895
1,882
1,999
1,870
1,645
1,720
1,653
1,716
1,367
1,405
26, 058
22, 182
22, 206
24, 605
31, 497
14, 874
15, 575
17, 254
156.8
186.0
171.0
41. 127
39 639
46, 319
45, 863
42, 088
41, 186
7 512
8,858
8,821
10, 064
> 449, 787
7 917
9, 521
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
1,987
2,783
2,886
3,178
2,626
2,365
2, 284
2,475
Production
....
thous. of short tons..
2,904
2,378
2,650
2,315
2,397
Stocks in producers' storage yards, end of month
1, 608
1,654
1,709
1, 635
1,611
1,674
1, 623
1, 726
1,759
1,870
1,929
thous. of short tons..
1,786
1,916
91
323
140
271
166
180
149
254
324
220
Exports
do
365
247
Prices.:
26. 95
25. 53
25. 53
26 97
26. 97
26.97
26.16
26.16
26.19
26.23
26.34
Retail composite 9
dol per short ton
26.34
14. 944
14. 619
14. 619
16. 013
15.319
15. 508
16. 013
15. 550
16. 013
16.013
Wholesale, chestnut, f. o. b. car at mine. -do
15. 756
* 15. 533 p 15. 533
Bituminous :<?
37, 255
37, 025
38, 800
Production
thous. of short tons
39, 445
34, 265
36, 250
35, 045
41, 095
42, 906
40, 398
40, 670
' 35, 590 36, 480
Industrial consumption and retail deliveries,total
r
34, 368
41, 424
31, 954
31, 545
32, 491
37, 596
33, 497
41, 345
37, 006
thous. of short tons..
34, 293
36, 649
35, 769
39, 057
r
30, 051
29, 230
28, 704
29, 289
33, 428
30, 113
31, 840
29, 478
28, 968
34, 049
30, 941
30, 398
Industrial consumption, total
do
31,914
r
792
767
840
847
656
581
649
759
712
585
Beehive coke ovens
do
676
491
476
8, 583
8, 993
8,725
8,956
8,934
8,923
8,767
Oven-coke plants
. __
do
8,067
9,035
8,552
8.352
8,946
8,298
664
764
709
692
668
686
682
702
687
668
781
686
Cement mills
do
737
8, 618
8, 293
9,409
9,123
8,758
9,287
10, 414
10, 170
8,877
9,917
9,865
9,390
10, 571
Electric-power utilities
do
2,560
2, 413
2,334
2,168
2,191
2,833
2,134
3,046
2,239
2. 096
2,092
2,448
Railways (class I)
do
2,227
559
625
474
454
679
449
424
421
698
469
481
617
Steel and rolling mills
_ do
555
8,422
7,164
9,300
8, 705
9,027
7,597
6,985
9, 500
8,262
7,203
8,427
Other industrial
do..-.
7,160
9,185
5.756
4,317
2.724
2,841
3,202
5.325
4.019
7,996
6,893
7.296
5.708
5.371
7.143
Retail deliveries
do
r
l
2
Revised.
» Preliminary.
Represents 5 weeks' production.
Represents 6 weeks' production.
d" Re visions for January-July 1952 for heating apparatus and January-September 1952 for b ituminous coal will be shown later.
*New series Water-heater shipments are compiled by the Gas Appliance Manufacturers' Association beginning June 1953 and by the U. S. Department of Commerce, Bureau of the Census,
or 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. Tractor shipments are compiled by the U. S. Department of Commerce, Bureau of the Census, from quarterly reports received from active manufacturers of complete tractors;
data represent total shipments reported by all producers of the specified types of tractors. Annual totals beginning 1922 are available upon request; data for the first three quarters of 1952 are
shown in the January 1954 SURVEY.
O In eludes contractors' off-highway wheel-tvpe tractors.
fRevised series, reflecting use of new base period; data prior to August 1952 will be shown later.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September and December
1953 cover 5 weeks; December 1952, 6 weeks; other months, 4 weeks.
©Data for 1952 cover 14 companies; for January-October 1953, 17 companies; beginning November, 18 companies.
TData beginning 3d quarter 1953 for polyphase induction motors cover 33 companies, for direct current, 27 companies; earlier data shown cover 34 arid 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.), Middletown (Conn.),
and New York.
SUKVEY OF CURRENT BUSINESS
February 1954
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-35
1953
December
January
February
March
April
May
June
July
August
September
October
November
December
PETROLEUM, COAL, AND PRODUCTS—Continued
CO A L—Continued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons.Stocks, industrial and retail dealers', end of
month, total
thous. of short tons._
Industrial, total
Oven-coke plants
Cement mills
_
Electric-power utilities
Railways (class I)
Steel and rolling mills
Other industrial
_
do
do_
. _ _ do
do_.
do
do
_._ do
Retail dealers
do
Exports
do
Prices:
Retail composite!
dol per short ton
Wholesale:
Mine run, f o b car at mine
do
Prepared sizes, f. o. b. car at mine.
do
COKE
Production:
Beehive
thous. of short tons..
Oven (byproduct)
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
_
do._
<Vt furnace plants
do
At merchant plants
do__ _
Petroleum coke
-_ . do
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton..
38
11
9
9
73
79
73
72
73
66
66
54
19
76, 745
73, 346
71, 385
70, 235
70, 531
72, 912
76, 026
74, 752
77, 997
81, 005
82, 719
82, 381
80, 614
75, 036
14, 430
1,540
35, 891
3, 032
1,089
19, 054
71 857
13 400
1, 362
34 771
2 973
983
18, 368
70 110
13 381
1, 245
33 906
2 892
943
17, 743
69 187
13 276
1, 106
33 926
2 764
940
17, 175
69 473
13, 408
1,057
34 649
2 571
922
16, 866
71 660
13 897
1, 106
35 880
2 571
935
17, 271
74 475
14 545
1 226
36 955
2 774
961
18, 014
73 153
13 221
1,197
37 767
9 576
918
17, 474
76 387
14 698
1,341
38 758
2 533
919
18, 138
79
15
1
39
2
81
16
1
40
2
1
18
009
609
505
468
605
028
794
80 642
16 720
1, 541
40 487
2 562
1 008
18, 324
79 075
16 486
1,461
39 770
2 570
977
17,811
1,709
1 489
1 275
1 048
1 058
1 252
1 551
1 599
1 610
1 710
1 739
1 539
2, 330
2 207
1 584
1 575
3 150
3 437
3 516
3 441
3 830
3 317
3 267
2 712
15 03
15 03
15 04
14 95
14 75
14 71
14 81
14 84
14 99
15 07
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
5 698
6 721
5 724
6 811
432
6, 291
329
'479
6 284
337
'459
5 681
324
••544
6 299
334
'512
6 032
341
'543
6 282
370
* 498
6 127
350
'408
6 340
374
'409
6 311
384
'371
6 033
377
2, 177
1,736
441
103
1 995
1 641
' 354
130
43
1,973
1 581
392
140
39
2,009
1 541
467
154
52
2 135
1 606
529
190
53
2 129
1 572
557
155
53
2 991
54
2, 075
1 672
402
111
51
1 529
692
141
39
2 376
1 598
778
154
48
14.75
14. 75
14.75
14. 75
14.75
14.75
14.75
14.75
1, 957
203 214
96
218, 288
1,828
183 736
94
195, 133
1,807
202 458
94
217, 073
2,059
193, 389
91
203, 425
2,378
198 086
93
217, 074
1,973
197 837
94
212, 433
272, 250
65 902
188 480
17 868
273
66
189
17
589
451
163
975
275, 665
69 077
188 897
17 691
280,
71
191,
17
280,
71
191
17
283
73
191
18
2 Oil
16, 292
2.570
2 171
20, 221
2.570
372
910
454
713
639
956
18 700
1 633
15 10
15 12
5 716
6.811
p 5 716
6.807
378
6 181
364
'314
5 894
311
298
5 795
2 475
1 624
850
' 156
39
2 513
1 630
883
121
40
2, 658
1 698
959
96
34
2 727
1 682
1 045
14.75
14.75
14. 75
14.75
14.75
2, 4(58
204 701
94
220, 197
2,128
204 059
95
222. 048
2 290
196 717
93
210, 686
2 489
194 108
91
213,017
2, 191
188 315
93
209, 599
715
527
879
309
284 976
74 269
192* 450
18 257
285
73
192
19
289
73*
197'
18
287
79
195
18
283
71
192
18
1 824
21, 559
2.820
1 232
19 175
2.820
f
PETROLEUM AND PRODUCTS
Crude petroleum:
2
lf 69o
Wells completed}
..
- number,.
Production^
thous. of bbl 2 ' 205, 904
97
Refinery operations
percent of capacity _
Consumption (runs to stills)
_.thous. of bbl _ 215, 504
Stocks, end of month:
271, 928
Gasoline-bearing in U. S., total
do-_
66, 275
\.t refineries
do
187, 852
4t tank farms and in pipelines
do. On leases
do
17, 801
Exports
do
Imports
- -do
Price (Oklahoma- Kansas) at wells. . -dol. per bbl__
2,960
20, 141
2.570
2 211
18, 507
2. 570
487
181
494
812
2, 833
18, 516
2.570
308
Oil
556
741
1 611
20, 729
2.570
352
982
366
004
1 321
19 125
2.820
614
991
175
448
1 109
21 876
2.820
541
959
972
610
1 178
19 190
2.820
021
634
585
802
1 052
17 919
2.820
p 2. 820
Refined petroleum products:
Fuel oil:
Production:
42, 730
47, 379
42, 153
46, 157
43, 393
Distillate fuel oil}
.
thous. of bbl._ 2 46, 768
43, 860
44, 682
44, 539
45, 310
43, 433
45, 331
2
40, 351
40 515
Residual fuel oil}
do
38 931
36, 572
35 704
37 151
37 120
37 942
37 894
38 984
36 716
36 098
Domestic demand:
?
38, 533
50 773
52 552
28 574
Distillate fuel oil!
do._ 2 ' 60, 524 63, 778
30 389
25 140
26 435
34 379
47 176
34 597
r 60, 023
47, 192
57, 557
52, 769
48, 531
44, 729
Residual fuel oil}
- -- -do
43, 045
41 362
48 304
41 330
44 349
42 697
Consumption by type of consumer:
8, 598
7,152
7,702
Electric-power plants
do
8,083
6, 809
6, 908
6,087
6, 116
6, 552
6. 347
6, 155
6,778
7, 618
i
> Q()8
2 055
Railways (class I)
do
2 516
1 757
1 884
1 831
1 735
1 938
1 811
1 428
1 745
1 671
6,782
7^075
Vessels (blinker oil)_
._
do
6,774
7,403
5,924
7,090
,,,747
6 720
6' 531
6 258
6 095
6 612
6 746
•Stocks, end of month:
1
99, 582
61 349
59 802
80 655
67 167
Distillate fuel oil
do
73 706
84 504
102 394
135 409
116 096
126 709
48, 706
41 795
47 966
41 600
39, 572
45, 910
44 178
Residual fuel oil
do
43 801
50 007
50 820
53 069
50' 516
Exports:
2, 546
2, 135
Distillate fuel oil
_
do.
3 091
2,942
3 673
2 592
2 715
*> 143
2 386
1 460
2 156
1 985
9
Residual fuel oil
do
1,292
2 176
1 972
1 367
1 724
1 339
1 591
1 646
1 400
1 78
1 912
1 659
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
r
.098
dol. per gaL.
.098
.098
.098
.098
. 093
. 093
.093
P. 095
.093
. 100
.093
.098
. 900
. 900
.850
Residual (Okla., No. 6 fuel)
dol. per bbl..
. 850
.850
.850
.950
' 1. 350
1.450
1.200
1.050
1.100
1.100
Kerosene:
11, 135
Production
thous. of bbl.. 2 T 13, 061
13, 434
11,313
10, 825
10, 132
9, 795
9, 945
9, 940
11 007
11,792
9 897
Domestic demand! .
. . -do
8,256
17, 806
17,066
13, 884
12, 092
5, 603
5, 467
5 982
4 945
7 802
12 455
9 725
1
Stocks, end of month
__ _
. do _
26, 842
20, 335
23, 487
20, 468
18, 697
24, 307
27 659
31 143
35 711
32 199
37 280
38 161
439
372
325
429
728
857
Exports
do
500
904
404
384
325
'489
Price, wholesale, bulk lots (New York Harbor)
.108
.108
.108
.108
.108
dol. per gaL.
.103
. 103
. 103
'110
.103
.103
.108
p. 105
Lubricants:
4,416
4 271
Production
thous. of bbl
4 562
4 321
4 210
3 596
4 572
4 293
4 321
4 627
4 647
4 507
2r
2, 992
Domestic demand}
.
.
do
3, 032
2,931
3,229
3, 625
3 444
3 470
3 905
3 646
3 384
3 563
2 800
Stocks, refinery, end of month .
- do. _ .
11,021
11,250
11, 224
11, 134
10, 801
10, 873
10, 611
9 879
9 684
9 726
9 700
10 561
924
919
908
628
1 127
1 012
Exports
do
890
1 020
1 084
1 190
1 105
1 184
Price, wholesale, bright stock (niidcontinent,
.220
.205
.220
.210
.210
f. o. b. Tulsa)
dol. per gaL.
. 205
. 195
.205
.205
.205
.205
P. 195
J
2
'Revised.
*» Preliminary.
New basis. Comparable data for December 1952 (thousand barrels): Distillate fuel, 98,895; kerosene, 27,529.
See note marked "}".
t Revised series. Data represent weighted averages based on quotations in 26 cities for all sizes of bituminous coal.
JRevisions for 1952 (January-November, respectively, unless indicated; units as above): Crude petroleum—wells completed—March-May, 2,096; 2,062; 2,199; July-September, 2,139; 1,935;
1,677; production—192,848; 184,818: 197,121; 192,936; 157,748; 185,692; 188,985; 192,768; 195,603; 201,581; 193,832; refined petroleum—production—distillate oil—January-March,44,931; 44,238; 43,348;
June-November, 43,657: 45,568; 46,712; 44,890; 45,153; 45,328; residual oil—January-March, 41,272; 38,276; 39,427; June-November, 36,845; 38,171: 38,600; 36,724; 37,290; 39,003; domestic demand—distillate oil—62,962; 54,418; 49,084; 33,913; 27,890; 25,835; 23,135; 25,985; 28,690; 39,414; 47,137; residual oil—January-March, 55,836: 49,715; 50,607; May-November, 38,360; 36,303; 37,181; 41,872; 41,104;
50,356; 48,469; kerosene—January-August, 16,619; 14,632; 12,949; 8,143; 5,428; 5,264; 5,908; 5,980; October, 12,223; November, 12,478; lubricants—February-June, 2,830; 2,989; 3,510; 2,530,3,412; AugustOctober, 3,345: 3,437, 3,709.
SURVEY OF CURRENT BUSINESS
S-36
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Decem-
ber
February 1054
January
Febru-
ary
March
April
May
June
July
August
Septem-
ber
October
Novem-
109, 061
108, 623
ber
Decem-
ber
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 demandt
do
Stocks, end of month:
Finished gasoline
.
-_ _- doAt refineries
do
Unfinished gasoline
do-._
Natural gasoline and allied products do
Exports - - - - - - _ . - _ do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol. per gaLWholesale, regular grade (N. Y.) . -. do.Retail, service stations, 50 cities
do
Aviation gasoline:
Production, total
_
- _
thous. of bbl
100-octane and above
do
Stocks, total
-- do
100-octane and above
do
Asphalt:©
Production
do
Stocks, refinery, end of month
._
do ..
Wax:
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..
i' 106, 728
107, 413
96, 796
105,897
101,389
107, 243
106, 943
114,123
114,321
107, 729
i r 94, 725
9, 451
ir r 3, 329
i 96, 010
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
127, 792
70, 581
8,236
7 807
3,870
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
11 953
2,742
137,972
77, 262
8,078
11 959
2,509
.104
.129
.203
.104
.129
.203
.104
.129
.206
.104
.129
.208
.104
.129
.206
.104
.129
.206
.104
.129
.221
.114
.142
7,476
fi, 050
9, 283
4, 851
6, 967
5, 992
9,673
5,241
6, 597
5, 81 5
9, 425
4, 887
7,341
5, 942
9,882
5, 168
7, 263
6,065
9, 601
4, 910
7,907
6, 748
9, 828
5,348
7,811
6,830
9. 1 63
4,900
4 118
6, 321
3,890
7, 525
3,921
8,687
4, 689
9, 732
5,330
10,473
6,451
10, 834
113,400
161 000
105, 840
160,440
99, 680
150, 360
121,800
148, 400
118,720
1 40, 840
1 22, 920
142, 800
2, 918
3,111
2, 966
3, 800
5,161
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
T
96, 061
10, 380
2 515
106, 037
95, 544
10,145
2 756
99, 210
136, 192
76, 698
7,992
12 636
2,647
136, 398
74, 930
8,097
13 193
2,018
121,645
78, 021
7, 864
12 223
2, 614
.114
.142
. 220
.114
.142
.220
.114
.142
.218
' .113
. 142
.221
7,793
6 568
9, 51 6
5 253
8, 153
7 013
9,941
5,700
7,894
6, 655
10, 099
5, 640
7, 337
5 994
10, 678
5 965
7,074
6,120
10. 162
5 856
7 680
9, 586
8,243
8, 429
8, 366
7,094
7, 689
5,709
7 081
5. 541
5 181
6,244
123, 480
141,680
111,440
140 840
111,160
146, 720
117,600
142, 800
122, 080
148, 400
121, 520
156 240
5,390
5, 192
5, 505
6,327
5,855
5,726
4, 042
2.613
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
898
995
2 149
135
53, 352
583
626
1 40-'
103
40, 2P.O
r 2 522
r
2, 548
r
5 601
2, 367
2,380
5 582
2. 240
2, 166
5 650
111, 202 r 682, 394
' 754, 254 r 667, 762
r 442 481 r 452 079
644, 952
619, 462
478 672
209
r
p . 112
p . 142
220
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
2,247
Receipts
thous. of cords (128 cu. ft.) - .
2, 131
Consumption .
_ - . . . . . . __-do
5, 929
Stocks, end of month
_
do
Waste paper:
Receipts
short tons.. 696, 981
Consumption
---do
666, 765
521 737
Stocks end of month
do
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
2,697
2,470
5, 433
2,494
2, 306
5,628
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. 320
480 559
705, 640
743, 467
441 216
732, 704
748, 809
424 945
1 483
58, 871
784, 840
205, 504
36, 875
210, 319
93, 629
1, 356
49, 214
715,468
186,191
34, 782
192, 325
88, 308
1 512
56, 401
810, 905
203. 364
37, 084
206, 012
89, 186
1,467
51, 686
783, 586
200, 232
33. 71 7
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
724, 651
168, 730
31 325
190, 159
97, 351
1 546
68,163
844, 347
192. 556
37, 544
205 005
92, 031
1 434
64, 270
775, 930
183 200
35 531
186, 093
89, 092
1 573
51, 716
868, 864
204 710
38 485
202 922
96, 853
\ 504
1 341
45,016
63. 116
830, 754
720, 957
r
191 913
184 693
35 442
34 343
r
185 255
189 442
r
82, 766
91, 576
1 64, 777
46, 920
35, 1 75
1 861
28, 094
158.036
39, 166
32, 592
1, 936
31, 683
1 65, 367
42, 186
36 738
2 190
33, 052
164, 671
41,427
40, 609
1 711
34, 740
173,013
41,965
42 354
1 348
37, 271
175,179
36, 343
42, 988
1 497
35, 187
154,215
36, 725
38 319
1 582
32, 525
163, 100
42, 459
37 636
1 874
31 204
153,880
40,615
28 206
2 677
27 555
145, 601
43, 100
28 028
3 208
25 849
r
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
12, 646
1 75, 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
186. 928
22, 303
79 701
62, 304
2 594
19, 380
11,712
179, 473
22,911
68 156
60, 714
3, 259
23,417
17, 958
183,914
24 125
70 605
57, 870
3 726
26, 765
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
2,298
1,082
1 100
117
2,225
1,065
1 053
107
r
WOOD PULP
Production:
f 1 344
Total all grades
thous of short tons
49, 548
Dissolving and special alpha
short tons..
700, 304
Sulphate (paper grades)
do
186, 072
Sulphite (paper grades)
._
.- . do
36, 004
Soda
- -_- -- ---- do-_
f 193 445
Groundwood
do
89, 521
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
154, 327
Total, all grades
..- short tons
Sulphate (paper grades)
do
47, 1 59
29 111
Sulphite (paper grades)
do
2 403
Soda
do
25, 115
Groundwood
-- do
Exports, all grades, total.
. ..
Imports, all grades, totaL- - .. .
Dissolving and special alpha
Sulphate
-Sulphite (paper grades)
Soda
-.
Groundwood
.
-
do
do. .
do
do_do - do
do
r
156 634
43, 766
?9 492
3 298
25 980
r
148 629
41, 252
32 808
9 957
27* 298
17,162
174. 94?
23, 603
6? 278
60, 768
3 328
23, 086
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
thous. of short
Paper (incl. building paper)
Paperboard
Buildine board
tons..
do
do
do.. -
l
Revised.
» Preliminary.
See note marked "+."
t Revisions for 1952 (January-November, respectively; units as above): Gasoline production, total— 98,921; 93, 327; 99, 290; 92,690; 74,612; 98,460; 105,146;
oline and naphtha from crude—87,446; 82,052; 87,096; 81,819; 63,752; 86,638; 93,373; 95,742; 93,663; 92,564; 93,148; natural gasoline sold to jobbers—3,306; 2,
3,270; 3,101, 2,787; 2,959; gasoline, domestic demand—87,148; 82,339; 87,209; 98,845; 101,468; 99,316; 105,497; 103,026; 100,226; 103,855; 91,566.
O Prior to the October 1953 SURVEY, data were shown in short tons (5.5 bbl. per ton).
2, 409
1, 158
r
1 13r
'lie
T
7; 105,153;
,214; 2,991:
2, 186
1.046
r I
031
109
2,022
1.013
914
95
S-37
SURVEY OF CURRENT BUSINESS
February 1954
1952
December
1953
January
February
March
April
May
June
July
August
September
October
November
December
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) :
824, 431
Orders new
short tons
793 397
Orders unfilled end of month
do
800, 190
Production
do
796, 778
Shipments
do
424, 307
Stocks end of month
do
Fine paper:
92, 205
Orders new
do
37 023
Orders unfilled end of month
do
95, 799
Production
do
93 590
Shipments
do
106, 106
Stocks end of month
do
Printing paper:
315, 082
Orders new
do
486 018
Orders unfilled end of month
do
284, 647
Production
do
287 924
Shipments
do
141,271
Stocks end of month
do
Price, wholesale, book paper, "A" grade, Eng13. 55
lish finish, white, f. o. b. mill. -dol. per 100 l b _ _
Coarse paper:
259, 890
Orders new
short tons
175, 106
Orders unfilled end of month
do
Production
- - - d o _ _ _ - 259, 194
258 302
Shipments
do
Stocks end of month
- __do
120, 260
Newsprint:
Canada (incl. Newfoundland):
Production
_ _ _ _ _ _ do
463, 377
Shipinents from mills
do
463 064
Stocks at mills end of month
_ _ do
122,512
United States:
Consumption by publishers
do
386, 627
Production
do
86 659
Shipments from mills _
do
83, 007
Stocks, end of month:
At mills
do
11 726
At publishers
do _
530 651
In transit to publishers
do
81 258
Imports
_do_- - 452 263
Price, rolls, contract, delivered to principal
ports
dol. per short ton
125. 25
Paperboard (National Paperboard Association) :
Orders new
short tons 1, 077, 600
Orders unfilled end of month
do
478 400
Production, total
_
do
1,029 100
Percent of activity
85
Shipping containers, corrugated and solid fiber,
shipments
mil sq. ft surface area
Folding paper boxes, value:
New orders
1947-49 = 100
Shipments
- do
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
852, 229
898 245
785, 661
795, 157
480, 613
861, 210
886 394
868 688
867, 756
481 655
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,
49
111,
109
111,
103
44
112
109
114
106
44
108
106
116
914
180
556
764
057
110, 098
60 575
91,846
93 699
114, 204
104
57
108
108
114
843
398
168
020
352
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
308 394
524 410
298 215
299 59,3
151 800
310, 681
552 480
280, 905
282 611
150, 094
?80
527
308
301
157
988
024
446
142
512
120
915
896
255
740
939
030
343
820
265
297, 385
515 610
302 870
300 510
153 525
r
r
r
871,848
910, 040
854, 827
848, 200
487, 000
r
T
r
911, 270
888, 357
936, 711
r 932, 953
r
490, 758
797, 000
871, 400
878, 000
814, 000
555, 000
100, 159
52 020
108, 598
105 535
117,057
r
107,611
r 44 211
r
115,846
r
115 420
r
117, 483
97, 000
40, 200
106, 000
101 000
122, 500
314, 921
549 458
294 782
292 487
159 705
••311,000
T 545 458
r
321, 420
r 315 000
T
166? 125
265, 000
544 000
312, 000
266 000
212 000
13.55
13.55
13.55
13.55
13.55
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
164
279
275
124
040
575
036
893
950
270, 964
178, 095
256, 249
257 445
123, 757
308
198
286
287
122
039
355
756
776
735
288 155
205 682
283' 163
280 828
125 070
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
473 176
491 450
126 490
473 325
488 571
111 244
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
427, 904
92 385
90 847
388, 237
89 656
90* 240
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
484
76
428
7
514
81
404
6
539
91
436
106
f,92
010
879
6 248
548* 537
77 414
402 053
7
514
80
437
8
464
87
412
610
899
498
584
8 026
477 800
73 969
125. 25
125. 25
125. 25
125. 25
125 75
125 75
125 75
125 75
125. 25
971, 800
455, 100
985, 500
91
13.72
211
762
270
210
125. 25
968, 700 1, 156, 300 1, 101, 800 1, 040, 100 1 152,100
437, 300
459, 800
567, 500
539, 000
567 000
973, 800 1, 072, 900 1, 071, 200 1, 073, 400 1,092 000
95
95
95
96
93
13.80
577
320
719
365
125 75
13.80
13.80
13.80
13.80
r
r
r
r
r
313
9Qi
313
317
122
270
185
293
286
130
094
972
984
5Q4
550
072
419
803
867
125 75
13. 80
000
300
000
000
000
973 300 1 105 200 1 139 300 1 078 600 1 021 400 1 Oil 211
522 500
392 400
374 400
423 700
467 400
590 800
939 700 1 122 400 1 069 600 1 170 700 1 051 000
992 200
81
94
79
97
98
94
6 771
6,363
6,398
7,292
7 059
6 806
7 012
6 459
7 041
7 198
7 457
6 661
6 956
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
149 5
152 8
156 4
893
709
184
814
629
185
1,031
1, 031
852
701
151
1 359
1,069
993
815
178
736
568
168
1 014
800
214
844
738
106
1 323
1 132
1 079
191
867
219
974
789
185
43, 929
118 825
54, 661
43, 732
119 332
44, 156
45, 225
121 618
58, 625
46, 744
114 191
r 43, 251
112 677
49' 743
H9 199
46, 729
.200
154 1
PRINTING
Book publication, total
New books
New editions
number of editions
do_ _
do
811
220
805
226
290
RUBBER AND RUBBER PRODUCTS
RUBBER
STatural rubber:
Consumption
long tons__
Stocks, end of month__do--.
Imports, including latex and guayulc-.- __.do
Price, wholesale, smoked sheets (New York)
dol. per lb_.
Chemical (synthetic):
Production
long tons
Consumption __
__
_
do
Stocks, end of month
do
Exports _ _
do
leclaimcd rubber:
Production
do
Consumption
_
_
__
do
Stocks, end of month
do
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
46, 889
113, 532
56, 126
.300
.295
.272
.260
.244
.250
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
85 302
72 234
132 109
1,713
82 952
77 221
122 041
1, 500
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
48, 224
112 959
61, 423
.245
.239
.234
2,299
80 °27
71 ' 751
143 789
l' 781
79 9
360
61 99
159 486
1 923
68 299
59 241
169 152
1 996
26 839
25 213
31 763
26 315
24 637
39 791
23 001
23 414
31 506
22 532
22 666
30 318
8 57"?
9* 279
3* 537
5 601
8 173
9 555
3 616
5' 793
7 416
§' 798
3 130
5' 523
.235
60
58
167
2
677
652
625
244
r
.206
.209
57 1 70
57 221
58 515
r 52' 670
166 724 r IfJO 523
1 712
2 359
59 373
50' 755
176 148
r 21 191
91 194
19 304
23 360
22 409
30 147
23 534
21 944
30 69^
7 148
7 4^4
r
r
19 638
qi ' f ) f ) ; \
TIRES AND TUBES
'neumatic casings:
Production
Shipments, total - _ .
Original equipment
Replacement equipment _ . .
Export
Stocks, end of month
Exports
mer tubes:
Production
_ _
Shipments
-_
_ _
Stocks, end of month
Exports
' Revised.
thousands
do
do
do
do
do
do
do
do
do
-do.__
7
6
2
3
920
214
916
161
8 238
8
7
3
3
236
243
263
895
9
8
3
4
407
256
570
598
9
8
3
5
262
913
798
001
8
8
3
5
987
942
200
604
137
84
85
87
14, 118
139
16 456
142
4 438
14 110
15 295
115
7 Cfid
7 573
3 1 *{t\
4 94fi
86
121
16 973
96
112
16 259
135
14 883
13 550
13 287
1 o AAK
95
16 872
137
137
142
158
5 642
4 863
12, 036
6 130
7 470
6 555
11, 242
7 544
6 760
12 155
46
49
69
80
7 035
6 907
12 811
80
6 395
1 302
12 097
K gcr;
48
6 940
6 586
12 592
R7Q
10, 169
6 428
6 364
10, 308
6 529
10 226
59
11 288
65
57
99
7,882
3 004
4, 794
7,538
-\A£.
5
9 R*^7
5 720
42, 361
5
noc
1 79
137
5
5
1 '49
7^9
QAO
10 904
70
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
February 1954
1953
1952
December
January
February
March
April
May
June
July
August
September
October
November
December
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
168, 910
184, 754
193,830
206, 348
178,323
183, 075
172, 177
160, 350
186, 236
202, 356
167, 782
187,434
20, 881
87
13,740
15, 957
5,280
18, 855
79
13, 520
21,294
7,445
17,325
80
14, 155
24, 464
8,899
20, 215
84
20, 813
23 865
9, 706
21, f 802
93
20, 891
24 773
9, 556
23, 399
97
22, 924
25 247
9, 215
22, 698
97
26, 400
21 542
8, 669
24, 134
100
26, 480
19, 204
7,679
24, 289
101
27, 092
16,445
6,613
23, 795
102
27, 433
12 859
4,943
24, 738
103
27, 556
10, 041
4, 055
22, 529
97
19, 495
1 3, 083
3,985
20, 243
84
14, 130
19, 196
5, 308
444, 660
388, 269
391, 241
353 088
377, 166
375 051
447. 707
439 031
485 905
495 613
499 936
496 994
533 073
544 733
521, 922
540 237
526 678
517 921
531, 172
533 562
538, 051
548, 073
490, 055
469 095
Coated abrasive paper and cloth, shipments _ reams . . 164,085
PORTLAND CEMENT
Production
_
_ _ __ .
Percent of capacity
Shipments
__ _ _ _ _
Stocks finished end of month
Stocks, clinker, end of month
_
thous.ofbbl .
thous. of bbL.
do
_ _ do
r
CLAY PRODUCTS
Brick, unelazed:
Production^
thous of standard brick
Shipments^
do
Price, wholesale, common, composite, f. o. b.
plant , - . _ _ _ _ _ dol. p e r thous
Clay sewer pipe, vitrified :t
Production
short tons
Shipments
do
Structural tile, unglazed4
Production
._ __ _
_
do Shipments
do
27. 409
27. 409
27. 410
27. 677
27. 789
27. 791
27. 839
27. 957
27. 957
28. 100
28. 100
28. 147
135,639
98, 404
113,227
94. 920
124 673
106, 651
143 156
136, 741
142 147
135 874
139 598
131 359
145 562
140 039
136 631
145, 519
139 095
148 165
144 989
147, 954
144, 393
154, 601
77, 123
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
82, 428
75 654
85, 245
81,884
81 631
73 528
8, 250
7,889
9. 293
8,602
9,000
8,510
10, 680
12.170
10.291
9,242
11,002
10, 504
10, 861
10. 225
10, 586
9. 853
11, 489
10, 646
10, 214
10, 572
11,088
10. 229
9. 6?2
S 850
v 28. 147
135 081
124 716
GLASS PRODUCTS
Glass containers:
Production
thous. of gross.Shipments, domestic, total
-do-- General-use food:
"N" arrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars) --thous. of gros?-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..
Shipmcnts
do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of dozens- -
8,889
9, 292
6-53
862
825
1, 293
1,006
1, 284
923
824
1,090
1 649
1,032
736
727
2,109
2, 485
2,403
3. 266
2,308
2, 909
2,839
2, 765
3, 392
2,984
3,010
2, 575
2, 643
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
10, 234
1,127
1, 393
901
1 815
794
234
10, 646
716
1,274
903
2,048
923
299
11, 193
440
1,104
1, 098
2 077
895
325
10, 527
511
908
1,436
2 133
898
301
10, 996
703
553
1 308
697
266
11. 388
1.138
703
968
2 001
694
417
10. 683
4, 960
4,428
8,911
5, 975
5, 399
8, 724
6,387
5,541
9, 566
6, 778
5. 908
10, 230
6, 029
5,886
10, 582
6, 049
5,951
10, 705
5, 296
4. 800
11,089
3,861
4,931
9 953
5, 705
5,389
10, 107
4, 810
4, 785
10, 075
5, 450
5, 716
10, 267
4,635
3 986
10. 716
4,124
3.914
10. 184
3, 295
3, 652
3,656
3, 667
3,549
3, 533
2.741
2, 739
3,252
3, 793
3, 725
3, 015
2.444
9 019
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Import1^
thous of short tons
Production
do
Calcined production quarterly total
do
Gypsum'products sold or used, quarterly total:
Uncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
ICeene's cement
do
All other building plasters
do
Lath
thous ofsq ft
Tile
do
Wall boar dd1
do
Industrial plasters
short tons
716
2, 033
1,723
444
1, 863
1, 718
822
1,887
1,798
1, 190
2 108
1, 867
610, 738
608, 516
566, 785
601, 383
424, 371
12. 125
161, 130
570, 922
6. 507
935. 541
65 195
411 877
12. 963
168 692
579, 491
4 730
926, 229
66 339
432
13
196
593,
7
942
66
473
12
231
660
7
873
59
369
401
988
756
181
793
893
536
081
835
025
301
013
866
-.
TEXTILE PRODUCTS
CLOTHING
Hosiery, shipments
thous. of dozen pairs-Men's apparel, cuttings:* \
Tailored garments:
Suits
thous. of units
Overcoats and topcoats
do
Trousers (separate) dress and sport
do
Shirts (woven fabrics), dress and sport
thous. 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..
12, 949
1. 740
408
3,850
1,617
357
341
6,987
56, 354
3 782
3. 133
13, 555
1
1
1
13, 724
14, 356
12,862
11, 192
12, 328
1,984
1,844
1,773
2.118
1
398
4, 926
4,713
2,037
350
5,087
i 2 220
i 521
1
5, 662
559
4,897
614
4,398
1,986
1,869
1.942
i 2, 274
1,783
1, 655
M49
U54
394
419
440
450
!496
!506
398
428
390
425
338
7,314
65, 028
5,439
3,537
r
3, 731
'r 73, 107
2 546
' 2, 874
11, 964
1
1
1
14, 085
14, 929
1 713
15,049
1, 285
i 456
3, 370
1,511
T
652
3,829
3 725
r l
1, 493
1,462
1,590
1357
412
419
411
394
393
J
562
1
13. 569
I 1 891
576
4, 482
3 679
1, 805
1,487
1414
1435
11.82
336
329
1 581
346
6,497
53, 753
2 864
3,100
T
Revised.
* Preliminary.
1 Data cover a 5-week period.
t Revisions for 1952 are shown in the August 1953 SURVEY.
<?Includes laminated board, reported as component board.
IDataf or January, April, July, and October 1953 cover 5-we
periods and for other months, 4 weeks.
*New series. Compiled by the 17. S. Department of Commerce, Bureau of the Census. Data are estimated industry totals derived as follows: Men's apparel—estimates are based on repo
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; wome
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
©ver 90 percent of the total shipments of these industries in 1951. Cuttings beginning 1950 will be shown later; data for 1952 are shown at bottom of p. S-38 of the December 1953 SUKVEY.
SURVEY OF CURRENT BUSINESS
February 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
December
S-39
1953
February
January
March
April
May
June
July
August
Se
g£m'
October
*™m-
5, 547
10, 788
14, 323
»™™'
TEXTILE PRODUCTS— Continued
COTTON
Cotton (exclusive of linters):
Production:
14, 046
Gainings § _ .. ._ -.-thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales
r
Consumption^!
bales
691 298
Stocks in the, United States, end of month,
r
12 364
totalt
thous of bales
r
12, 309
Domestic cotton, total
do
On farms and in transit..
do
'3,113
r
Public storage and compresses
do- -7, 613
r
1 583
Consuming establishments
- do 55
Foreign cotton total
do
465, 966
Exports
bales
33, 268
Imports ._
_
do _ _
Prices (farm), American upland
cents per lb__
31.7
Prices, wholesale, middling, 1 Me", average, 10
33.1
markets
cents per lb__
Cotton linters:1f
111
Consumption
thous. of bales
211
Production
_ _ _ _.
do
901
Stocks end of month
do
r4
319
i 14.952
' 14, 708
1,166
2
16, 140
3
766 090
i 15 137
r 769 496
742 064
725 849
702 425
11 199
11, 125
1,988
7,442
1 695
10 203
10, 125
1,401
6, 906
1 819
9 201
9 117
858
6, 366
1 892
8 119
8 025
719
5 491
1 817
7 1°9
7 031
621
4 691
1 719
6 181
6,084
470
4, 005
1 609
5 502
5 409
259
3, 706
1 444
19 289
19, 204
14, 329
3, 682
1 193
291, 829
25. 322
29.8
259, 475
27, 055
30.2
246 467
12, 495
31.5
208 208
33, 122
31.5
260 905
15, 938
31.7
220, 226
11, 430
31.5
114 632
8.375
31.9
193, 304
9, 130
32. 8
18,837
18, 757
11,687
5, 815
1 . 254
80
199, 809
20, 209
33.1
217 307
7, 776
32. 5
745
670
939
186
545
75
242 848
8 510
31.8
32.5
32.9
33.2
33.0
33.4
33.2
33. 4
33.0
32. 8
32.7
32 7
131
83
123
66
103
4
49
122
172
902 674
74
r
78
4
4
84
111
207
1,047
110
174
54, 833
3,647
51, 908
2, 779
909 240
94
4
4
137
152
1,079
7-4
r 74 s 049 r 74Q 864
97
97
r4
93
4
84
1, 097
128
119
1 126
1 063
1, 050
987
121
60
986
2 612
48, 672
6 295
55. 304
6 887
62, 247
6 311
2 610
57, 382
4 924
47, 359
4, 399
4
872 128
18 251
18 168
7,338
9 368
1 462
83
4
4
684 990
4
16 437
757 152
17
17
4,
11
1
] 081
124
247
1 177
2, 414
54, 903
6,267
47 444
4 051
32 ^7
38. 2
18 3
18.0
32 74
37. 2
17.9
18.0
31 44
36. 9
17 5
17.8
99 59
36 9
16 5
17 5
.670
.978
. 660
5 . 972
21,344
20, 007
10, 126
405
4
9, 484
4
110 9
21, 391
20 063
9. 857
493
9, 279
134 8
21,322
20 039
9.582
491
9,044
133 9
78.8
27 0
72.0
23 8
r 92 8
r 26 0
59 6
32.9
7, 557
65 1
37 0
5 592
72 1
35 8
3 355
780
780
336
780
336
32 6
4
46 093
7 193
32 56
38.2
18 3
18.0
30.7
111
240
1 997
45. 368
4 594
16 597
16 532
2, 963
11 925
1 644
65
111
4
221
1 376
COTTON M A NU FACTUR E S
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterly d*
mil. of linear yards
Exports .
thous. of sq. yd _
Imports
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 yam, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2 carded, weaving
_. dol. per Ib
36/2, combed, knitting
..do
2, 531
58, 627
7,634
34 12
40.7
18 5
17.3
33 92
40.7
19.3
17.0
3° 52
38.8
18 6'
17 0
32 01
38.8
18 4
16 9
.728
1.047
.709
1.018
.702
1.018
.692
1.014
.690
1.002
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
71.2
25 1
Spindle activity (cotton system spindles) :1[
Active spindles, last working day, total ...thous. .
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total.mil. of hr_.
Average per working dav
do
Consuming 100 percent cotton
__ do_
Operations as percent of capacity
34 40
40.7
18.3
17.1
77.0
24.1
71.0
18 4
80.8
21 9
4
31 98
38.8
18 4
17.3
.679
. 995
9
3 8°
38. 2
18 5
18.0
.675
. 984
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
78.3
24 1
81.5
26 6
80.3
27 0
4
5
5
4
5
. 655
. 964
5
643
. 955
21,244
19 953
11, 853
479
4
11 192
4
130 6
4
r 5
636
939
21, 252
19 990
9, 232
474
8 719
129 1
09 13
* 34 9
v
15 9
p
5
4
630
>' . 926
20, 933
19 695
JO, 246
436
4
9 683
4 H^ g
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
...mil. of l b _ _
Staple (incl tow)
do
Stocks, producers', end of month:
Filament varn
do
Staple (incl tow)
_.
do
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point
dol. per Ib
Staple, viscose 1V£ denier
do
Rayon and acetate broad-woven goods, production,
quarterly cf
thous. of linear yards
r
64 4
17.3
3 691
64.0
18.8
5,513
62.9
16.5
6,260
61 1
17.2
10 892
60 3
22 9
11 351
57 9
26 1
6 069
56 8
30 1
7 241
780
366
.366
780
780
336
780
336
r
780
780
780
.366
r7
r
.366
.366
r
512 161
510 845
T
r
.336
513 367
63. 6
r
64. 6
' 62. 9
r 95 5
53. 9
')] q
74 3
34 0
2 006
r 7| 3
r
n^
780
336
780
336
29 9
cy
32 7
P 7go
v 336
473 766
SILK
Silk, raw:
Imports
.
thous. of Ib
Price, wholesale, white, Japanese, 20/22 denier,
87% (AA), f. o. b. warehouse
dol. per l b _ _
1,032
901
585
640
573
666
593
698
812
043
695
414
5.45
5. 55
5.56
5.53
5.05
5.12
5.21
5.21
5.20
5.18
5.23
5.27
P5.43
WOOL
Consumption, mill (clean basis) \\\
4
4
4
r
4
34, 360
29, 564
29 876
36, 490
30, 000
26, 900
Apparel class
_
„ thous. of Ib
31 396
31,272 4 32, 225
29, 645
18 968
20 915
27 736
4
4
4
4 7 770
14 320
12 812
12 116
13 690
12, 656
Carpet class
do
10 556
9 736
10 308
8 992
9 940 4 11 730
10 820
Imports, clean content ._
.
do_.
29, 791
29, 686
40, 933
19, 169
25 093
21, 994
28, 487
22, 744
30, 622
31, 569
20, 774
16 322
Apparel class (dutiable), clean content*
do
15, 366
21,381
19, 489
15, 141
17, 254
18, 443
10, 780
13, 463
14, 956
8, 094
11,237
13, 267
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. per lb_.
1. 737
1.722
1.725
1.725
1.725
1. 752
1.725
1.748
1.725
1.725
1. 725
1.725
1.725
Bright fleece, 56s-58s, clean basis .
do..
1.185
1.225
1.201
1.225
1.225
1 174
1.199
1 194
1. 189
1 200
1 205
1 200
1 904
Australian, 64s, 70s, good topmaking, clean basis,
6
6
6
6
6
6
6
6
6
6
6 1. 675
1. 750
1.725
1. 725
1. 775
1. 775
in bond
dol. perlb__
1. 775
1.778
1.780
1. 780
1. 780
1.779
1. 780
r
2
4
Revised.
* Preliminary.
1 Total ginnings of 1952 crop.
Ginnings to Jan. 16. 3 December 1 estimate of 1953 crop.
Data cover a 5-week period.
« Specifications changed;
6
7
quotations beginning June 1953 not comparable with earlier data.
Nominal price.
Revisions for the first three quarters of 1952 (units as above): 458.596; 412,096; 468,819.
§Total ginnings to end of month indicated.
i[l)ata for January, April, July, October, and December 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 17, S. Department o; Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class: data prior to April 1952 will be
shown later.
JRevisionsfor 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.
{•Revisions for August-November 1952 (bales): 745,848; 737,242;4 915,810 (5-week period); 755,201.
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
February 1954
1953
1952
December
January
February
March
May
April
July
June
September
October
2.122
August
2.110
November
December
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-fiOs/56s, Bradford system, wholesale price .
_ . dol. per Ib
Woolen and worsted woven goods, except woven
felts :%
Production quarterly total
thous oflin yd
Apparel fabrics total
do
Government orders
do
Other than Government orders, total.. -do
Men's and bovs'
do
Women's and children'^
do
Nonapparel fabrics, total
-do
Blanketing'
do
Other nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz./yd., 57"/6u"
1947-49=100.Gabardine, 10^-12 ^ oz./yd., E6"/58"-—do— -
2.122
2.122
2.110
95 779
83, 506
9 923
73, 583
30 712
42, 871
12, 273
7,200
5 073
112. 5
103.9
2.122
2.134
2.146
85 334
72, 691
8 153
64, 538
33 118
31,420
] 2, 643
6, 818
5 825
112.5
104. 7
113.9
105.3
113.9
104.7
2.170
2.170
2. 158
113.9
105.3
113.9
105.3
2. 098
P 2. 098
84, 249
71,721
3,655
68, 066
29, 379
38, 687
12, 528
8, 032
4 496
93, 123
79, 841
4 216
75, 625
39 694
35, 931
13, 282
7, 739
5 543
113.9
105.8
r
113.9
105.3
112.9
103.6
112.9
103.6
112.9
103.6
112.9
103.6
112.9
103.6
235
146
275
137
250
620, 562
519
496
528, 088
516, 257
r
91, 955
r
79, 541
452, 487
371
288
378, 406
369 994
73,710
64 781
482, 920
424
393
387, 844
371, 844
94, 652
80, 224
TRANSPORTATION EQUIPMENT
AIRCRAFT
254
97
365
107
382
82
358
81
402
112
417
119
339
104
402
154
350
138
359
92
number-- r 535, 428
231
do
189
do. - r
418, 983
do
r
406, 157
do
* 116,214
do
r
104, 048
_ ^ do.
Civil aircraft, shipments
Exports 9
565,172
254
218
453, 319
435,129
111,599
97, 879
583, 001
190
189
486, 071
467, 440
96, 740
86,212
700, 685
236
189
566, 320
545, 961
134,129
122, 043
723. 532
145
141
596. 633
577 971
126, 754
114,787
643, 487
367
339
549, 677
531, 544
93, 443
82, 433
661, 992
380
359
587, 549
570, 826
74, 063
66, 063
705, 132
376
368
599, 134
581, 870
105, 622
92, 788
615, 382
447
407
513, 457
501, 055
101,478
89,911
573, 688
348
344
475, 289
465, 737
98, 051
86, 919
20, 993
9, 455
11,538
27,121
14, 136
12,985
27 938
15,941
11,997
27, 257
15,372
11,885
28, 675
1 6, 704
11,971
28.511
16.455
1 2, 056
22, 661
14, 397
8,264
23, 564
13, 544
10, 020
24, 514
11, 862
12, 652
22, 881
10, 455
12, 426
19, 823
8 951
10, 872
23 557
10 040
13 517
5,392
5 144
2 560
2, 584
248
5,858
5 635
2, 588
3. 047
223
6,009
5 723
2. 586
3. 137
286
740
429
823
606
311
8. 850
8 516
2, 990
5 526
334
9,781
9 454
3 166
6. 288
327
9,708
9 351
2 778
(i, 5'/ 3
357
9, 285
8, 965
2, 526
6, 439
320
9,703
9 498
2 629
6. 869
205
9,906
a 708
2,281
7,427
198
8, 366
8 194
2 608
5 586
172
7,867
7 673
2 538
5 135
194
5,616
5 219
2 316
2, 903
397
399 906
69, 949
386 221
72, 606
396 558
68, 616
486 368
79, 672
528 278
91,127
540 575
86, 366
542 193
77. 199
533, 783
76, 161
502 430
76, 673
453 806
78,319
504 697
82 661
450 311
72 596
413 937
08 659
7, 968
5, 803
5, 769
2, 075
20
20
20
0
8,103
6,094
5,972
2, 009
15
15
15
0
7, 786
6, 072
6, 063
1,714
17
17
17
0
1,757
1,759
88
5.0
67, 138
35, 803
31, 335
88
5.0
66, 368
36, 550
29, 81 8
1, 890
11.9
number-do
MOTOR VEHICLES
Factory sales, total
Coaches total
Domestic
Passenger cars, total
Domestic
Trucks, total
_
Domestic
Exports, total 9 _
Passenger cars 9
Trucks and busses 9
_
.. - --
do
do
do
.
Truck trailers, production, total
Com plete trailcrscf1
Vans
All other cf
Trailer chassis
Registrations:
New passenger car1-!
New commercial cars
do..-.
do
do
do
do
do
do
_ __
6,
6
2,
3
r
r
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
._Equipment manufacturers, total
Domestic
Railroad shops, domestic
Passenger cars total
Equipment manufacturers, total
Domestic
Railroad shops, domestic
number. do...do
-.-do
do
. do
do
do
Association of American Railroads:
Freight cars (class I), end of month:§
Number owned
thousands -Undergoing or awaiting classified repairs
thousands-Percent of total ownership _ _
Orders, unfilled
number. .
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 - ... ... numberExports of locomotives, total
do
T
6 726
4, 958
4, 952
1, 708
39
39
39
0
' 6, 968
4, 768
4. 737
r
2, 200
37
37
37
0
' 7, 080
r
4,313
r 3, 959
r 2, 767
27
27
27
0
' 7, 066
r
4, 029
r
3. 574
r
3, 037
26
26
26
0
' 7. 096
r
4, 823
r 4, 376
r
2, 273
37
37
37
0
* 6, 001
'3,718
' 3, 574
r 2, 283
42
42
42
0
' 6, 666
' 4, 305
' 3, 675
' 2, 301
34
34
34
0
1,762
1,764
1, 765
1,767
1,767
1,769
1,771
1,772
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
5 3
37, 554
20, 651
16 903
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
943
15
948
14
1,057
12
843
10
861
8
675
7
564
6
511
5
51
38
40
47
40
45
39
741
674
67
704
669
35
779
743
36
832
794
38
732
690
42
677
640
37
945
902
43
r
r
r
r
8, 963
5, 636
5. 631
'3,327
46
46
42
0
r
6 574
' 4.173
••3.912
r
2, 401
44
44
44
0
4 75?
3, 169
2,873
1,583
27
27
26
0
1,775
1,777
1,776
90
51
33, 159
15, 405
17 754
92
5 °
30, 703
13,911
16 792
88
4 9
27, 678
12, 256
15 422
1, 216
9 7
1, 223
10 0
1,222
10 ?
1,232
10 5
405
4
545
3
628
9
659
1
571
61
46
48
37
63
673
591
82
626
576
50
797
735
62
877
845
32
677
632
45
o
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
- ---
-
number
do
do
r
Revised.
v Preliminary.
t Revisions 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.
for January-September 1952 are shown in the December 1953 SURVEY.
§ Not including railroad-owned private refrigerator cars.
673
630
43
Revision
U. S . G O V E R N M E N T P R I N T I N G O F F I C E ; 1 9 5 4
•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
2, 11, 12,13, 14,40
Airline operations
22
Alcohol, denatured and ethyl
_
—
24
Alcoholic beverages
2, 6, 8, 27
Aluminum
33
Animal fats, greases, and oils
25
Anthracite
11,13,14,15,34
Apparel, wearing.__ 2, 3, 4, 5, 6, 8, 9,11, 12,14,15, 38
Asphalt and asphalt products
36
Automobiles
2, 3, 8, 9, 11,12,13,14,16,18, 21, 40
Bakery products.-.2,11, 12,13
Balance of payments
20
Banking
15, 16
Barley
28
Barrels and drums
32
Battery shipments
.
34
Beef and veal
29
Beverages-.
2, 3,4, 6, 8,11,12,14, 27
Bituminous coal
..
.
11,13,14,15,34,35
Blast furnaces, steel works, etc
_- 11,12,13,14
Blowers and fans
34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass
.
33
Brick_-_
38
Brokers' loans and balances
. — 16,19
Building costs
.—
7
Building and construction materials.7, 8, 9
Business sales and inventories
.—
3
Businesses operating and business turnover
4
Butter___
----27
Cans (metal), closures, crowns
33
Carloadings
23
Cattle and calves
29
Cement and concrete products
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, 38
Coal
- _ _ _ _ — -. 2,3,11,13,14,15,21,23,34,35
Cocoa.....
22, 29
Coffee
22, 29
Coke_
23,35
Commercial and industrial failures
4
Communications11, 13,14,15, 18, 19, 20, 23
Confectionery, sales
—.___
—
29
Construction:
Contracts awarded
.
6
Costs
7
Dwelling units
7
Employment, earnings, hours, wage rates. _
11,
12, 13,14, 15
Highway
--- 6, 7,12
New construction, dollar value
6
Consumer credit
.
16
Consumer expenditures
1,8
Consumer price index-....
5
Copper
- 22,33
Copra and coconut oil
25
Corn
19, 28
Cost-of-living index (see Consumer price
index)
5
Cotton, raw and manufactures
2, 5, 6, 21, 39
Cottonseed, cake and meal, oil
25
Credit, short-and intermediate-term
__
16
Crops
--- 2, 5, 25, 27, 28, 30, 39
Crude oil and natural gas .
2,3
Currency in circulation
18
Dairy products
___
5, 11, 12, 14, 27
Debits, bank
15
Debt, United States Government
17
Department stores
9,10, 16
Deposits, bank
._. 15, 16, 18
Disputes, industrial
13
Distilled spirits
27
Dividend payments and rates
1,18, 20
Drug-store sales
8, 9
Dwelling units
7
Earnings, weekly and hourly _ _
13, 14, 15
Eggs and poultry
2, 5, 29
Electric power
.
5, 26
Electrical machinery and equipment
2,
3, 4, 5, 8, 11, 12,13, 14, 18, 21, 34
Employment estimates and indexes
10,11, 12
Employment Service activities
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
—
25
Exports (see also individual commodities)
20, 21
Express operations
—
22
Failures, industrial and commercial
4
Farm income, marketings, and prices,
2, 5
Farm wages
_—.
.
15
Fats and oils, greases
_.—
5, 25, 26
Federal Government
finance
16,17
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
16
Fertilizers
.
_
5, 24
Fiber products
34
Fire losses
,
7
Fish oils and
fish
25, 29
Flaxseed
25
Flooring
31,32
Flour, wheat..
28
Pages marked S
.
_.
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..
„ „_
5, 21, 27
Fuel oil......._______
35
Fuels
.
.... 5,34,35
Furs
__,
,,
22
Furnaces
___._„
34
Furniture..
2,3, 5, 8, 9, 11,12,13, 14,16
Gas, prices, customers, sales, revenues
5, 26
Gasoline
.___
„_ 8, 9, 36
Glass products (see also Stone, clay, etc.)
2, 38
Generators and motors
34
Glycerin
«
,
24
Gold-.
___
18
Grains and 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 roads __ _ _ , .
6, 7,12,15
Hogs
29
Home Loan banks, loans outstanding
7
Home mortgages
___,
7
Hosiery
38
Hotels...
_._
_ 11,13,14,15, 23
Hours of work per week-.
12, 13
Housefurnishings
,_.___,
5, 8, 9
Household appliances and radios
5, 8, 9, 34
Immigration and emigration
23
Imports (see also individual commodities). 20, 21, 22
Income, personal
„___,
1
Income-tax receipts
16
Incorporations, business, new
4
Industrial production indexes
_
2,3
Instalment credit..
.
16
Instalment sales, department stores_ _.
10
Instruments and related products
2,11,12,13,14
nsulating materials
.
34
nsurance, life
._.
17
nterest and money rates
__.
16
nternational transactions of the U. S
,_ 20, 21, 22
nventories, manufacturers' and trade.___ 3, 4, 9, 10
ron and steel, crude and manufactures
2,
6,18,21,32,33
Kerosene.
_ _ _ . ,_
35
Labor disputes, turnover13
10
Labor force...
,__.
____
___
29
Lamb and mutton
,
Lard
_____
29
33
Lead.
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
Miik___.
27
Minerals and mining
2, 3, 11, 13, 14, 15, 20
Monetary statistics
18
Money orders—
_
8
Money supply
18
Mortgage loans
7, 15, 16, 17
Motor 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
Noninstalment credit
16
Oats
_-__
_
28
Oil burners..
—_
.
33
Oils and fats, greases
5, 25, 26
Oleomargarine
26
Operating businesses and business turnover. _
4
Orders, new and unfilled, manufacturers'
4
Paint and paint materials
. 5, 26
Panama Canal traffic
23
Paper and pulp
2, 4, 6,11, 12, 14,15, 22, 36, 37
Paper and products
2,
3,4, 6,11, 12,14,15,18, 36, 37
Passports issued
23
Payrolls, indexes
.
_
12
Personal consumption expenditures
1,8
Personal income
1
Food products
Pages marked S
Personal saving and disposable income..
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
Plywood31
Population.
._.
10
Pork
29
Postal savings
___.
16
Poultry and eggs
I
2, 5, 29
Prices (see also individual commodities):
Consumer price index
,_
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
__
5,6
Printing and publishing. _ _ _ _ 2, 3, 4,11,12, 14, 15, 37
Profits, corporation
.
_
1, 18
Public utilities.._ 1, 6,11,13, 14,15,17, 18, 19, 20, 26
Pullman Company
23
Pulpwood
.
36
Pumps
,
34
Purchasing power of the dollar
6
Radio and television
5, 7, 8,34
Railroads, employment, wages, financial statistics, operations, equipment
11,
12, 13, 14, 15, 17, 18, 19, 20, 22, 23, 40
Railways (local) and bus lines.
_ _ 11, 13, 14, 15
Rayon and rayon manufactures
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, earnings
.
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
8, 9, 12,14,15, 31
Shortening
„_
26
Silk, imports, prices
6,39
Silver...
18
Soybeans and soybean oil
25
Spindle activity, cotton
39
Steel ingots and steel manufactures (see also
Iron and steel).
2,32,33
Steel scrap
32
Stocks, department stores (see also Inventories). _._
_._
.
.___
10
Stocks, dividends, listings, prices, sales, yields.
20
Stone and earth minerals
2, 3
Stone, clay, and glass products
.
2,
3,11,12,13,14,18,38
Stoves
__
__
34
Sugar
._
22,30
Sulfur
____
25
Sulfuric acid
24
Superphosphate..
,
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 18, 19, 20, 23
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, 14,15, 21,30
Tools, machine
34
Tractors
34
Trade, retail and wholesale. 3, 4, 8, 9, 10,11, 13, 14, 15
Transit lines, local
22
Transportation, commodity and passenger. 5, 22, 23
Transportation equipment
2,
3,4,11,12,13,14,18,40
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 miscellaneous
13,14,15
Washers
...
34
Water heaters
34
Wax
_
-36
Wheat and wheat
flour
19, 28
Wholesale price indexes.....
.
5, 6
Wholesale trade
.
3, 4, 10,11,13,14,15
Wood pulp____
-__
36
Wool and wool manufactures__.
6, 22, 39, 40
Zinc
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D. C.
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $3OO
(GPO)
OFFICIAL BUSINESS
First-Class Mail
tfoticat +^ummaru for 1953
MAJOR BUSINESS INDICATORS, 1948-53
Item
1948
1949
1950
1951
1952
Gross national product, total (bil. of dol.) _
Personal consumption expenditures
Gross private domestic investment
Net foreign investment
Government purchases of goods and
services
.
259.0
177.9
42.7
1.9
258.2
180.6
33.5
.5
288. 8
329.8
208.1
58.6
.3
348.0
218.1
52.5
-.2
38.6
43.6
42.0
62.9
77.5
84.9
National income (bil. of dol.)
223.5
216. 3
240. 6
278.4
291.6
307.7
19531
National Income and Product
1948
1949
1950
1951
1952
19531
Production— Continued
194:. 6
52.5
-2.3
367.2
229.8
54.4
-1.9
Personal Income
Total (bil. of dol.)-Wage and salary disbursements, total—
Commodity-producing industries. _
Distributive industries
Service industries
Government
Wage and salary receipts, total.
Other labor income
Proprietors' and rental income
Personal interest income and dividendsTransfer payments
Less personal contributions for social
insurance..
209.5
134.3
60.2
38.8
16.6
18.7
132. 1
2.8
47.3
16.0
11.3
2.2
2.2
2.9
3.4
3,8
4.1
Total nonagricultural income (bil. of dol.) _
187.1
188.7
200.0
234.0
249.9
267.4
205.9
133.4
56.9
38.9
17.2
20.4
131.2
3.1
42.1
17.1
12.4
22(5.7
145. 5
651.5
41.3
18.6
22.1
142. 6
3.9
481.4
19.6
1S.1
254.3
169.8
74.9
45.9
20.3
28.7
166.4
4.3
SO. 7
20.5
12.5
289.7
183.7
80.6
48.7
21.8
32.5
180.1
4.7
51.2
21.0
12.9
284.5
197.6
88.5
51.9
23.7
33.5
193.8
5.1
49.9
22.2
13. T
New Plant and Equipment Expenditures
All industries, total (mil. of dol.)
Manufacturing
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other
Item
22,059
9,134
882
1,319
1,285
2,543
._-. 6,896
19,285
7,149
792
1,352
887
3,125
5,980
20,605
7, 491
7'07
1, 111
1, 212
3, 309
6,775
25,644
10,852
929
1,474
1,490
3,664
7,235
26,455
11,994
880
1,391
1,363
3,838
6,989
27,827
12,423
891
1,323
1,363
4,484
7,345
Business Sales, Inventories, and Orders
Manufacturing, total.
Nondurable-goods industries
Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishments
Retail trade, total \
Durable-goods stores
Nondurable-goods stores
Business inventories, book value, end of
year, unadjusted, total (mil. of dol.) 5Manufacturing, total.
Durable-goods industries
Nondurable-goods industries
Wholesale trade, total ._
Durable-goods establishments
Nondurable-goods establishments
Retail trade, total §
Durable-goods stores
Nondurable-goods stores
Manufacturers' orders (mil. of dol.)
New (net) total
Durable-goods industries
Nondurable-goods industries
Durable-goods industries
437, 251
211,560
91, 133
120, 427
95, 172
27, 431
67, 741
130, 521
41, 876
88,645
415, 970
196,997
84,834
112, 163
88,252
24, 695
63, 557
130, 721
43,882
86, 839
478,999
231, 415
105, £49
125, 766
103, 896
34, 196
69,700
143, 689
62, 936
90,753
537,851
266, 460
125, 194
141, 266
113, 168
37, 626
75, 542
158, 223
54, 479
103, 744
552, 959
276, 548
134, 473
142, 075
112,325
35, 974
76, 351
164, 085
55, 270
108,815
586,146
303, 360
152, 686
150, 674
112, 084
37, 168
74, 916
170, 702
60,445
110, 257
54,954
31, 781
15,725
16, 056
7,982
3,563
4,419
15,190
6,587
8,603
61, 521
29,038
13, 956
15, 082
7,913
3,531
4,382
14, 570
6,293
8,277
63, 707
34, 534
16, 768
17, 766
10, 474
4,858
5, 616
18, 699
8,161
10,638
74, 095
43,123
22,689
20,434
11,068
6,551
5,517
19,904
8,989
10, 915
75,986
44,442
24, 367
20,075
11,310
5,641
5,769
20,234
9,162
11, 072
79,817
46,943
26,741
20,202
11,688
5,675
6,013
21, 186
9,855
11,331
208, 211 190,836 251, 755 292,692 284,523
89,777 79, 107 123, 775 152, 622 142, 657
118, 434 111, 729 127,980 140, 070 141, 866
26,946 20,785 41, 126 67, 357 76,333
24,150 18,423 36,550 63,977 72, 162
3,380
3,171
2,362
2,796
4,576
286,285
136, 463
149, 822
58,259
55,940
2,319
Prices
Prices received by farmers (1910-14=100).
Consumer prices (1947-49 =• 100) _
Wholesale prices (1947-49=100):
All commodities, combined index
Foods, processed
A 11 nth fir
287
102.8
250
101.8
258
102. 8
302
111.0
288
113.5
258
114.4
104.4
107.3
106.1
103.4
99.2
92.8
95.7
101.3
103:. 1
97.5
99.8
105.0
114.8
113.4
111.4
115.9
111.6
107.0
108.8
113.2
110.1
97.0
104.6
114.0
142
149
136
151
158
145
144
139
147
146
137
153
153
146
158
159
156
161
Production
Farm marketings, physical volume, total
(1935-39=100)
Crops
Livestock
Industrial production, total (1947-49 »
100)
Manufactures
Durable manufactures
Nondurable manufactures
Minerals
104
103
104
102
106
Selected commodities, production:
Coal, bituminous (thous, of short tons). 599, 518
Crude petroleum (mil. of bbl.)
2,020
Electric power, industrial and utility
(mil of kw-hr )
336, 809
Lumber (mil. of board feet)
36, 762
Steel ingots and steel for eastings
(thous of short tons)
88,640
Motor vehicles, factory sales, total
(thous )
5,285
3,909
Passenger cars
Trucks and coaches
1,376
124
125
136
114
114
134
136
153
118
116
437, 868 156,311 533, 665 466, 841
1,842
1,974
2,248
2,290
450,000
» 2, 167
345,066 388, 674 433, 358 463, 055
832,176 838,007 •37,204 37, 810
513, 518
39,091
96,836 105,200
97
97
95
99
94
112
113
116
111
105
120
121
128
114
115
93,168
111, 610
6,254
6,119
1,134
8,003
6,666
1,337
6,765
5,338
1,427
5,539
4,321
1,218
7,328
6,122
1,206
21,678
16,853
8,580
22,789
16,384
8,267
28,454
21,454
12,600
30,895
21,564
10, 973
32,638
21, 812
11,100
34,843
23,615
11, 90S
3,621
4,825
1,301
1,774
3,228
6,405
2,068
2,131
3,777
7,000
2,384
2,272
6,152
9,331
3,469
2,518
5,014
10, 826
4,119
2,860
5,«76
11,228
4,317
3,150
77,978
Construction
New construction, total (mil. of dol.)
Private total
Residential (nonfarm)
Nonresidential, except farm and
public utility
Public, total
Nonresidential building
.
Highway
Employment Status of the Civilian Noninstitutional Population
Total 14 years of age and over, monthly
Civilian labor force
. _
Employed, total
Agricultural employment
Nonagricultural employment
Unemployed.
_.
Not in labor force
__......
107, 175 108, 156 109,280 108,976 109,876 * 111, 499
61,442 62, 105 63,099 62,884 62,966 * 63, 417
69, 378 58, 710 69, 957 61,005 61,293 4 61, 894
7,973
7,054
7,507
6,805 «6,528
8,026
65,366
51,405 50,684 62,450 63,951 54,488
1,879
1,673
1,523
2,064
3,142
3,395
45,733 46,051 46,181 46,092 46,710 4 48, 081
Employment and Payrolls
Employees in nonagricultural establishments, mo. avg., total (thous.) ... 44,382 43,295 44,696 47,202 47,993
[Manufacturing
15,321 14,178 14,967 16,082 16,209
Mining
889
913
982
872
918
Contract construction
. _ .. 2,169 2,165 2,333 2,588 2,572
Transportation and public utilities.— . 4,141 3,949 3,977 4,166 4,220
"Wholesale and retail trade
9,645 10, 013 10,251
9,519
9,513
Finance, insurance, and real estate
- 1,711 1,736 1,796 1,861
1,957
Service and miscellaneous
-.. 4,925 5,000 5,098 5,207 5,280
Government
6,373
6,633
5,992
5,614
5,837
Production and related workers, all manufacturing:
Employment index (1947-49*100)
106.2
99.6
105.5
102.8
93.8
Payroll index (1947-49=100)
129.6
106.1
111.7
135.3
97.2
49,138
17,002
832
2,538
4,275
10, 475
2,032
5, 315
6,669
110.4
149.2
Finance
Money supply, Dec. 31 (mil. of dol.):
Currency in circulation
Deposits (adjusted) and currency, totalDemand deposits, adjusted
Time deposits .
_.
Currency outside banks „ _„. _ J ,
Federal finance (mil. of dol.):
Debt, gross, Dec. 31 ..
.. _
Budget receipts and expenditures:
Receipts, net
Income and employment taxes
Expenditures, totalNational defense and related activties__-
28,224 27,600 27, 741 29,206 30,433
169, 119 169, 781 176, 917 185,984 194,801
85,520 85,750 92, 272 98,234 101, 508
57,620 58, 616 59,247 61, 447 65,799
26,079 25,415 25,398 26,303 27,494
30,781
201,300
103,300
72,200
27,800
252,800 257, 130 256,708 259, 419 267, 391
275, 168
41, 450
33,630
36,209
38, 122
32, 116
41, 714
37,834
31,906
38,255
53,488
47, 212
56, 846
65,523
58, 734
71, 366
64, 455
57, 743
73, 612
11,201
12,848
13,474
30,276
43,177
44,463
_ _ . 12, 653
7,124
12, 051
6,622
10, 275
8,852
15, 032
10,967
15, 176
10, 717
15,662
10, 878
Foreign Trade
Exports and imports (mil. of dol.):
Exports, including reexports. _
General imports
http://fraser.stlouisfed.org/ items are preliminary. 2 Total for 11 months, January-November.
i Data for most
» Data from U. S. Department of Commerce, Bureau of the Census. 4 Not strictly comparable
with data through 1952; see
Federal Reserve Bank of St. Louis note at bottom of p. S-10 of this volume. § New series of retail trade included beginning 1951. Data for 1951 on old basis and comparable with earlier figures are
@FedFRASER