Full text of Survey of Current Business : January 1954
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U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY
OF C U R R E N T
BUSINESS
DEPARTMENT OF COMMERCE
FIELD SERVICE
No. 1
JANUARY 1954
Albuquerque, N. Mex.
204 S. 10th St.
Los Angeles 15, Calif,
112 West 9th St.
Atlanta 3, Ga.
86 Forayth St. NW.
Memphis 3, Term.
229 Federal Bldg.
Boston 9, Mass.
261 Franklin St.
Miami 32, Fla.
36 NE. First St.
Buffalo 3, N. Y.
117 Ellicott St.
PAGE
THE BUSINESS SITUATION
National Income Trends
1
3
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
Minneapolis 2, Minn.
607 Marquette Ave.
New Orleans 12, La.
333 St. Charles Ave.
New York 13, N. Y.
Cheyenne, Wyo.
307 Federal Office Bldg.
346 Broadway
Philadelphia 7, Pa.
Chicago 1, 111.
226 W. Jackson Blvd.
1015 Chestnut St.
Phoenix, Ariz*
SPECIAL ARTICLES
Growth in Private Foreign Investments .
Recent Business Population Movements .
5
II
Ciiichinaii 2, Ohio
755 U. S. Post Office
and Custom House
Cleveland 14, Ohio
925 Euclid Ave.
Dallas 2, Tex.
1114 Commerce St.
NEW OR REVISED STATISTICAL SERIES
Business Inventories
17
Denver 2, Colo.
142 New Custom House
Detroit 26, Mich.
230 W. Fort St.
MONTHLY BUSINESS STATISTICS . . S-l to S-40
Statistical Index
Inside back cover
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretory. Office of Business Economics, M. JOSEPH MEEHAN,
Director. Subscription price, including weekly statistical supplement, is
$3.25 a year; Foreign, $4.25. Single copy, 30 cents. Send remittances to
any Department of Commerce Field Office or to the Superintendent of Documents, United States Government Printing Office, Washington 25, D. C.
Special subscription arrangements, including changes of address, should be
made dSrecrfy with the Superintendent of Documents. Make checks payable
to Treasurer of the United States.
El Paso, Tex.
Chamber of Commerce
Bldg.
137 N. Second Ave.
Pittsburgh 22, Pa.
717 Liberty Ave.
Portland 4, Oreg.
520 SW. Morrison St.
Reno, Nev.
1479 Wells Ave.
Richmond, Va.
400 East Main St.
St. Louis 1, Mo.
1114 Market St.
Salt Lake Cit
7 *' Utah
109 W. Second St. So.
Houston, Tex.
430 Lamar St.
San Francisco 2, Calif.
870 Market St.
Jacksonville 1, Fla.
311 W. Monroe St.
Savannah, Ga.
125-29 Bull St.
Kansas City 6, Mo.
911 Walnut St.
Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
devoted to U. S. Government
JANUARY 1954
By the Office of Business Economics
BUSINESS activity in the final 2 months of 1953 proceeded
at a high rate, although some letdown was evident from the
exceptional pace of the summer and early fall periods. The
moderate decline which has occurred in the flow of income
and output reflects in the main an adjustment of business purchasing in order to improve inventory positions. Stocks were
improved in both October and November. The major impact
has been felt in manufacturing where, as orders receded,
production and employment were reduced.
The underlying demand, however, has been sustained as
indicated by the steady flow of output into final uses—i. e.,
the gross national production aside from the inventory component. These final uses comprise consumption, fixed
investment of all kinds, and government purchases of goods
and services.
Retail sales, seasonally adjusted, were maintained at high
rates and business purchases of new plant and equipment
continued close to peak volumes. Combined government
purchases of goods and services remained unchanged, with
advancing State and local government expenditures about
offsetting the decline in Federal purchases. The continued steady demand for the aggregate of final products was
reflected in firm prices in wholesale markets which were
characterized by a slight improvement in prices for farm
products and foods and steady quotations of industrial goods.
The high rate of private and public capital formation was
reflected in the continued large volume of construction activity despite the approach of winter. After adjustment for
seasonal variation, activity in this industry has followed a
rising trend from midsummer to the year end. New construction put in place in December was valued at $2.7 billion bringing the total for the year to $35 billion. The
figures represented new highs for both December and the year.
The gradual trimming of production schedules largely
accounted for the absence of the usual seasonal rise in nonagricultural employment from November to December. It
has also resulted in some reduction in average hours worked,
on a seasonally-adjusted basis, particularly through trimming of overtime schedules.
The winter reduction in outdoor work led to a drop of 1.2
Manufacturer's Sales
DURABLE-GOODS
2.5
2.5
2.0
2.0
INDUSTRIES
2.5
2.0
ELECTRICAL
I .5
1.5
1.0
>••••
1.0
1.5
..•••••••*••
•••,
1.0
ELECTRICAL MACHINERY
AND EQUIPMENT
» FABRICATED
METAL PRODUCTS
.5
> OTHER TRANPORTATION
EQUIPMENT
.5
0
NONDURABLE-GOODS INDUSTRIES
4.0
2.5
3.5
2.0
3.0
2.5
.5
0
2.0
TEXTILE- MILL
PRODUCTS
• FOOD AND
KINDRED PRODUCTS
1.0
1
i I
0
1953
1952
E
A
S
O
. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
284207°—54
.5
I , , , , i I i ! i i i I , . , i.
S
> CHEMICALS AND
AND
ALLIED PRODUCTS
1.0
APPAREL AND
RELATED PRODUCTS
^
PAPER AND
^ ALLIED PRODUCTS
^r
1.5
•••••**••..•••.<
1952
PETROLEUM AND ,
COAL PRODUCTS
N
A
L
1952
1953
L
Y
A
D
J
U
S
T
E
D
1953
-
SURVEY OF CURRENT BUSINESS
million in agricultural employment and a shrinkage of the
same amount in total employment. Two-thirds of the
workers thus released returned to school or keeping house
or otherwise withdrew from the labor force. The other onethird chose to seek new jobs and unemployment was raised
0.4 million to 1.8 million, or 3 percent of the civilian labor
force.
Consumer income and purchasing
Personal income in November amounted to $285.4 billion
at seasonally adjusted annual rate, down $1.8 billion from
October and $8 billion larger than a year earlier. Most of
the November decline occurred in \vages and salaries, as a
result of the production adjustment, with the remainder
largely ascribable to the nonrecurrence of the one-time
payment of the veterans' insurance dividend which had
temporarily swelled October transfer payments by $0.7
billion at an annual rate.
With personal income continuing to flow at a high rate,
consumers' spending resulted in active retail trade during the
seasonal high periods of the year. Christmas retail sales
compared favorably with those a year ago when sales were
exceptionally strong partly as a reaction following the shutdown in the steel Indus try. November and December sales,
seasonally adjusted, totaled $28.3 billion compared with
$28.4 billion in the same 2 months a year ago. Department
store sales in December, seasonally adjusted, were about
equal to November a,.nd to December 1952.
The consumer price index for November was 0.3 percent
below October, largely as a result of the 1.4 percent decline
in average retail food prices. Meat prices led the decline
under the pressure of seasonally heavy marketings of cattle
and hogs, but poultry and fish prices also eased off. The
transportation price index was the only other major component to register a drop; this was primarily due to lower
used car prices although gasoline also declined in a few
cities. Apparel prices were on the average unchanged but
virtually all types of services continued to rise. The housing
group moved up 0.2 percent under the impetus of higher
rents, medical care rose 0.4 percent with personal care,
reading and recreation and other goods and services also
slightly higher.
The national economy achieved many new records in 1953
with production, income, sales, and employment above any
previous year. Despite some decline in the latter part of the
year, overall business activity in the final quarter was at
about the same rate as the high fourth quarter of 1952.
Business orders and sales
Despite the increase in retail trade in November, total
business sales were somewhat below October as sales by
wholesalers and manufacturers declined on a seasonally
adjusted basis. Wholesale trade was off 1 percent for the
month with nondurable goods establishments account ing
for the entire drop. Manufacturers' sales were down 2
percent from the October volume. November sales by
manufacturers of durable goods were off 10 percent from their
summer high while sales of nondurables were down only 4
percent. The chart on page 1 indicates how various lines
are faring.
The decline in sales accompanied a drop from October to
November in seasonally adjusted new orders of about the
same amount—1% percent. But the pattern was somewhat
different from recent months as new orders for durable
goods increased slightly while sales dropped. New orders
received by the nondurable goods industries accepting unfilled orders again shrank more than current sales. In the
January 19">4
case of durable goods producers, 80 percent of November
shipments were against new orders and 20 percent against
unfilled order backlogs—approximately the same as in the
third quarter. Although 85 percent of November shipments
of nondurable goods industries having unfilled orders were
made against current new orders and the remainder against
unfilled orders, this was a decline from the third quarter
average of 95 percent shipments to fill new orders. At the
end of November the unfilled orders of this group amounted
to less than 1 month's sales at current rate. At the same
time, unfilled orders for durable goods still were equivalent
to nearly 5 months of current sales.
Inventories reduced
Judged by their book value, seasonally adjusted business
inventories stopped growing at the end of September. At the
end of November they were off $0.9 billion or 1 percent from
the September total of $82.0 billion. Practically all of the
decline was accounted for by lower retail and manufacturing
stocks. Retail stocks were off 2 percent and manufacturers'
inventories were down 1 percent. At the retail level, the
decline was almost entirely in durable goods, while both
groups contributed at the manufacturing stage.
The checking of inventory growth was effected by lowering
production and purchasing schedules to a larger extent than
the decline in sales. In effect, retailers have sold goods
off the shelf and manufacturers have filled new orders from
the stockroom. This has resulted in lower industrial production since midyear.
Production movements in December were more heavily influenced by the Christmas holidays than in other postwar
years as industry appeared to be following more closely the
seasonal production patterns prevalent in prewar periods.
Steel output, which was particularly affected by the extended
holidays, slumped from an average of nearly 2.0 million tons
in the first 3 weeks of the month to less than 1.5 million during
the Christmas week. In the following 7-day period, output
recovered to 1.7 million and for the week ended January
9 to nearly 1.8 million tons, equivalent to an operating rate
of 75 percent of the new rated capacity of over 124 million
tons in place on January 1, 1954.
In December the industry operated at about an average
of 79 percent of rated capacity, equivalent in terms of tonnage to 7.9 million tons of steel ingots, the lo vest monthly
total except for strike periods, in nearly 3 years. But for the
year 1953 as a whole the record production of about 111.6
million tons of steel ingots was almost 7 million tons above
the industry's best previous volume reached in 1951.
The automobile industry, on the other hand, stepped up its
operations as the annual model changeover season neared
completion. Assemblies of passenger cars and trucks climbed
from 450,000 units in November to about 500,000 in December
which, together with the January-November total, made the
count for the year just ended 7.3 million units, the second
best production performance in automobile history. Passen,
ger-car producers are programing a high production scheduk
for the current month—over 500,000 units—the attainment
of which would make it the best January on record.
Other industries conforming in December to the usual
seasonal drop were paperboard and bituminous coal. Crude
petroleum production was maintained at the reduced November rate.
The production pattern in the household durables industries has been of special significance because the downtrend
in this group started earlier and has been more pronounced
than in most of the other major manufacturing segments.
November output, as measured by the Federal Reserve
seasonally adjusted production index of household durables,
SURVEY OF CURRENT BUSINESS
January 1954
was 123 percent of the 1947-49 average, down by one-fifth
from its earlier high.
The declines have been centered largely in the household
appliances and radio-television groups where substantial reductions have occurred for many of the major products.
Even among the relatively newer lines, the production trend
was mixed. Among those showing increases were room air
conditioners, driers, and disposals; declines were registered
by television sets, freezers, and dishwashers. Despite the
general curtailment in output, inventories held by manufacturers of household durables have begun to increase again
following a period of liquidation in the summer months.
National Income Trends
IATIONAL income was at an annual rate of $308 billion
in the third quarter of last year—$2 % billion less than in the
second quarter but a little higher than in the first. It was
considerably above the calendar-year 1952 total of $292
billion.
As brought out in the analysis of gross national product
in the November SURVEY, the third-quarter dip in the
value of national output stemmed from a reduction in
the rate of inventory accumulation, as business moved to
adjust buying more closely to current sales. This lowered
the income flow in manufacturing, since inventories consist
largely of goods produced in this industry.
annual rate of $103 billion in the second quarter to $99%
billion in the third.
With the business inventory readjustment continuing into
the fourth quarter, personal income data for October and
November show some further reduction in manufacturing.
On an all-industry basis, however, earnings from current
production actually distributed to persons in the two
months combined—in this measure, dividends replace
before-tax corporate earnings—were close to the third
quarter annual rate. Data on corporate profits are not
available on a monthly basis, so that a complete national
income total cannot be calculated for this period.
Third quarter profits
Corporate Profits
BILLIONS OF DOLLARS
60
PROFITS BEFORE TAXES
40
CORPORATE: EARNINGS
INVENTORY LOSSES
(PROFITS BEFORE TAXES PLUS
INVENTORY VALUATION ADJUSTMENT)
20
PROFITS AFTER
I
I
I960
1951
I
TAXES
I
I
1952
I
I
1953
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-I 26-I I
£1
Although agricultural income showed a further decline in
the third quarter, income in most industrial divisions
outside of manufacturing recorded moderate gains or held
even. In the aggregate, income in noninanufacturing
industries showed a rise from $207/2 billion to $208/2 billion,
at annual rates. This, however, was more than offset by
the drop in income originating in manufacturing, from an
Data on corporate profits have just become available for
the third quarter of 1958. On a before-tax basis, profits in
the third quarter were down $2% billion, at a seasonally adjusted annual rate, from the $46 billion reached in the second
quarter. The third quarter rate of $43.3 billion was close
to the $43.7 billion for the full year 1951 and considerably
above the $39.2 billion total for 1952.
Postwar profits have been based on a large increase in
capital investment, much of it equity-financed. This investment lias made possible a greatly expanded sales volume
and has increased the efficiency of production.
As shown in the chart, corporate profits before taxes
reached a peak rate of $51 billion in the first quarter of 1951,
when inventory profits in reflection of the rising price trend
were extraordinarily large. With the stabilization of prices
that followed, before-tax profits fluctuated around a lower
level in the next four quarters. They were adversely affected by the 1952 steel strike and then rose sharply through
the second quarter of 1953, before dipping in the third.
Since early 1951, inventory profits (or losses) have not,
in general, been a major factor. In the third quarter of
1953. however, such profits were sizable. If these are eliminated so as to arrive at a measure of corporate earnings
arising from current production, the third quarter decline
is accentuated. On this basis, profits decreased from $45
billion in the second quarter to $40% billion in the third, at
annual rates. The quarterly movement of corporate profits
exclusive of inventory gain or loss is also given in the chart.
In the third quarter, they were at an annual rate approximating the 1952 full-year total but about $2 billion below
the 1951 total.
With more than one-half of the before-tax total set aside
for Federal and State profits tax liabilities, after-tax profits
in the third quarter were at an annual rate of $19% billion.
Net dividend disbursements amounted to $9% billion at
annual rates, while $10 billion was retained by corporations
for investment purposes.
SURVEY OF CURRENT BUSINESS
Dividends increased slowly during the first three quarters
of 1953, on a seasonally adjusted basis. Although running
higher than in the corresponding quarters of 1952, they
represented a somewhat lower percentage of the after-tax
profits total. The dip of corporate profits after midyear was
not reflected in dividend disbursements.
Industrial income patterns
The principal recent changes in national income have
occurred in private industries, with income originating in the
government up slightly from its 1952 level and relatively
stable. (See table 1.) Manufacturing expanded substantially through the first half of 1953, followed by a reaction
[Billions of dollars]
All industries, total
- _
Finance, insurance, and real estate
Transportation
_
.__
Communications and public utilities
Services
Government and government enterprises
Rest of the world . . . .
-
-
The contraction of farm income continued through the
first three-quarters of 1953. Seasonally adjusted, income
originating in agriculture in the third quarter of last year was
at an annual rate of $16 billion, as compared with $20 billion
in 1951 and $22 billion in 1948, the all time high.
The 1951-53 decline in agricultural income reflected lower
gross income and approximately stable production expenses.
As a result of expanded supplies and a sharp fall in foreign
demand, prices received by farmers exhibited a declining
trend from the post-Korean period of 1951 to the first quarter
of 1953. There was little further change in the overall aver-f
age of farm prices during the second and third quarters o
1953.
Types of income
Table 1.—National Income by Industrial Origin, 1951-53
Agriculture forestry, and fisheries
Mining
Contract construction
Manufacturing
Wholesale and retail trade
January 1954
Jan. -Sept. 1953
(seasonally adjusted annual
rate)
National income is shown in table 2 classified by type of
income. The major changes exhibited in this table stem
from the developments in the industrial composition of the
income flow that have already been discussed.
1951
1952
278.4
291. 6
308 5
Table 2.—National Income by Distributive Shares, 1951—53
19.9
6.0
14. 1
88.9
48.6
19.3
6.0
14.8
90.6
50.8
17. I
6.0
15 1
101. 1
52.6
[Billions of dollars]
22.8
14.9
8.1
24.3
30.0
.7
25. 0
15.5
8.9
26.0
34.0
.8
26. S
16. 5
9.9
27.9
34. 9
.6
Seasonally adjusted at annual rates
1951
1952
Jan.Sept.
National in come - 278.4 291.6
Source: IT. S. Department of Commerce, Office of Business Economics.
in the third quarter, and agriculture continued to decline.
Activity in most other industry divisions was moderately
higher in the first three quarters of 1953 than in the preceding year, but with some slowing-up after midyear. The
communications and public utilities division furnished the
principal exception to this pattern, continuing its strong
postwar uptrend through the third quarter.
Income originating in government, as measured by
compensation of civilian employees and military personnel,
was at a seasonally adjusted annual rate of about $35
billion in the first nine months of 1953. This rate has
shown comparatively little change in recent quarters, after
rising sharply from $23 billion in 1950 to $34 billion in 1952.
The slight further rise in 1953 was due to increases at the
State and local level.
Total manufacturing activity, as measured by national
income originating in that industry, was at a seasonally
adjusted annual rate of $102 billion in the first half of last
year as compared with $91 billion in 1952, but dropped back
to a rate of $99% billion in the third quarter.
One of the reasons for the higher level of manufacturing
activity in the first three-quarters of 1953 as compared
with 1952 was the rise in the output of durable goods to
replenish and round out stocks after the mid-1952 steel
strike and to meet an expanded final demand. Consumer
demand for durables, particularly automobiles, was strong;
sales to government agencies increased; and demand for
goods to enlarge the Nation's industrial capacity and its
stock of housing expanded further. The strong and generally
stable market for nondurables also helped sustain total
manufacturing production above the 1952 rate.
Keflecting shifts in the product pattern of demand, income
in durable-goods manufacturing rose more from 1952 to
the first half of 1953 than did income in the nondurables
group. The decline which occurred in the third quarter of
last year was likewise pronounced in durables. It reflected
in the main a slackening in the rate of output so as to conform more closely to final sales.
1953
Compensation of employees
178.9 193.2
Wages and salaries. 169.8 183.6
Supplements
to
wages and sal9.1
9.6
aries
Proprietors'
and rental
income J
50.7
Business and professional
26.1
Farm
_ . _ .. 15.5
Rental income of
9.1
persons
.
Corporate profits and
inventory valuation
adjustment
Corporate profits
before tax
Corporate profits tax liability
Corporate profits after tax..
Inventory valuation adjustment.Net interest
1953
1952
I
II
III
IV
I
II
III
308.5 286.8 287.9 290.4 301.4 306.7 310.7
308.1
207.6 187.9 189.5 194.1 201.3 204.5 208.0
197.7 178.6 180.1 184.4 191.3 194. 5 198.0
210.4
200.0
9.9
9.3
9.5
9.6
10.0
10.0
10.0
9.8
51.2
49.9
50.5
51.5
51.5
51.1
50.8
49.7
49.1
26.3
14.8
27.0
12.4
26.1
14.7
26.3
15.3
26.1
15.2
26.7
14.0
27.0
13.4
27.0
12.3
26.9
11.6
10.0
10.5
9.6
10.0
10.2
10.3
10.4
10.4
10.6
42.4
40.2
43.2
41.7
39.9
37.7
41.7
43.8
45.2
40.7
43.7
39.2
44.6
41.5
38.2
37.0
40.3
44.6
45.9
43.3
23.6
20.6
24.3
21.8
20.1
19.4
21.2
24.4
25.0
23.6
20.1
18.6
20.2
19.7
18.0
17.5
19.1
20.3
20.8
-1.3
1.0
— 1.4
1.7
.7
1.4
0
-.6
6.4
7.0
6.9
7.1
7.4
7.6
7. 7
6. 7
19.6
-2.6
7.9
1. Includes noncorporate inventory valuation adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
All major categories of the national income except proprietors' income were at a higher annual rate in the first nine
months of 1953 than in the year 1952. The decline in pro
prietors' income, from $41 billion to an annual rate of $39/2
billion, centered in farming. Income of nonfarm proprietors
showed a small advance, in line with the further moderate
rise of activity in the important trade sector.
Total employee compensation advanced from $193 billion
in 1952 to an annual rate of $207 Yz billion in the first three
quarters of the past year. Nearly all of this substantial
rise occurred in private industries, as governmental military
and civilian payrolls increased relatively little. Within
private industry, where payrolls in the aggregate moved up
nine percent, the previously noted increase in manufacturing
activity was by far the most important factor. This factor
Underlay also the substantial increase in corporate profits
(Continued on page 23)
by Samuel Pizer and Frederick Cutler
Growth in Private Foreign Investments
LjVlEBlCAN private investors added a record $1.8 billion
to direct investments abroad in 1952, raising the book value
of these investments to $14.8 billion at the end of that year.
Partial data for 1953 indicate that the additions were somewhat smaller but probably brought the total value to well
over $16 billion. This was an increase of more than 30 percent over the value at the end of 1950 reported in the recent
census published in Foreign Investments oj the United States,
a 1953 Supplement to the SURVEY OF CURRENT BUSINESS.
A considerable part of the continued large amounts added
to direct investments abroad in the postwar years is attributable to ploughing back current earnings of foreign subsidiaries.1 Capital flows from the United States and reinvestment of current earnings increased sharply in 1952, with the
latter accounting for more than half of the additions to
investment in that year.
Gross and net capital
parent in the same year. On this basis, the overall increase
in net capital outflows from 1951 to 1952 was due to rising
gross capital outflows, with gross inflows practically stable,
but there was considerable variety in the experience of different industries and areas.
In manufacturing, the flow in both directions increased,
with the net outflow rising slightly. However, the gross
movement abroad for this industry was down in every area
but Canada, where new investments in aluminum production
Value of U. S. Direct Investments Abroad,
by Area
BILLIONS OF DOLLARS
I5
outflows
The data on capital outflows for 1951 and 1952 given in
detail in the accompanying tables are revisions of previous
estimates and are based on the census data for 1950. Similarly detailed data for 1953 are not yet available.
In addition to the customary data on net capital outflows
for direct investment, it is helpful in analyzing changes in
Value of U. S. Direct Investments Abroad,
by Industry
LATIN
AMERICAN
REPUBLICS
BILLIONS OF D O L L A R S
15
1943
U. S. DEPARTMENT
5
-
1943
U. S. DEPARTMENT
I960
1951
1952
OF COMMERCE. OFFICE OF BUSINESS
ECONOMICS
these flows to obtain information on the amount of capital
moving in each direction. This can be done to some extent,
as in table 4, from the data available by separating those
enterprises receiving capital from the United States parent
company from those returning capital to the United States
1. See SURVEY OF CURRENT BUSINESS, December 1953, pp. 8-14.
NOTE.—MR. PIZER AND MR. CUTLER ARE MEMBERS OF THE BALA N C E OF PAYMENTS DIVISION OF THE OFFICE OF BUSINESS ECONOMICS.
1950
1951
1952
OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-l26~5
dominated the picture. In the other areas net capital outflows for manufacturing were also reduced by larger gross
inflows. This was particularly true in Latin America.
The gross flow of capital for mining investments was expanded to record amounts in Canada and Latin America as
investments in iron ore and other properties reached a peak.
Capital outflows in the petroleum industry were up by about
$200 million in 1952, but the inflow to the United States also
remained high, except for Canada, where there was practically no inward movement.
A large part of the shift in public utility investments from
1951 to 1952 is connected with the liquidation of an investment in Mexico in 1951, which resulted in an abnormally
large return flow in that year.
Largest expansion in manufacturing
In the 2 years 1951 and 1952 about $1.1 billion was
invested by American manufacturing companies in their
foreign plants. This was certainly a record amount for such
a short period and reflected the growing interest in expanded
foreign markets. With this added investment the book
SURVEY OF CURRENT BUSINESS
6
value of the foreign enterprises was raised to $4.9 billion at
the end of 1952.
About two-thirds of the investments in 1951-52 was
financed out of plowed-back foreign earnings, and the
remainder represented additional capital provided from the
United States. Reinvested earnings were particularly important in Canada and Western Europe, where manufacturing plants have been long established. Net capital flowing
across the border to Canada to manufacturing industries
increased sharply in 1952, reflecting the financing of hydroelectric power and other facilities needed for developing new
aluminum capacity. There was also a larger capital flow to
Canadian enterprises producing chemicals, paper and allied
products, and various kinds of machinery.
Among the countries of Latin America, there was a
particularly sharp change in manufacturing investments in
Mexico, with a number of important enterprises withdrawing
funds in 1952 and also in 1953, possibly reflecting a slackened
rate of increase in industrial production in Mexico in this
period. In Brazil, on the other hand, manufacturing capital
entered at a high rate in 1951 and 1952 as industrial production mounted. To some extent this new investment may
have resulted from the blocking of dollar payments due to
the parent companies by Brazil, and 1953 investments in
this country appear to be substantially smaller. The reduction in the capital flowing to Latin America in 1952 occurred
in nearly every major line of manufacturing, with only food
products and fabricated metals moderately higher.
January 1954
Petroleum investments expanding
Petroleum investments, after reaching an annual rate of
about $550 million in the 1947-49 period, including over $50
million annually for oil tankers, were reduced to about $320
million annually in 1950 and 1951. In 1952, however, there
was a sharp upturn, raising the figure for this year to about
$600 million, and bringing the total book value of investments
in the petroleum industry abroad at the end of 1952 to $4.3
billion. Additions to petroleum investments in 1953 were
probably even greater, with capital outflows in the first 9
months exceeding the 1952 total and retained earnings also
high.
As shown in table 1, there were differences in the area
distribution of the investments. Petroleum investments in
Canada, including reinvested earnings, remained at $140$150 million in each year of the 1950-52 period. In Latin
America, on the other hand, there was a sharp change from a
reduction in investments of $60 million in 1950-51, to an increase of $170 million in 1952. Some of the increase resulted
from higher undistributed earnings of tanker subsidiaries, and
did not go into fixed investment within the area. To the
extent these funds were remitted to the United States through
intercompany accounts, they appear in table 3 as capital
inflows, mainly from Panama. However, a significant development in 1952 was a resumption of investment activity
in Venezuela in many phases of the industry, including exploration, pipeline construction and refinery expansion.
Table 1.—Value of United States Direct Private Investments Abroad, Capital Movements and Undistributed Subsidiary Earnings, by Area
and Industry, 1949-52
[Millions of dollars; reduction of investment (—)]
All inductries
Mining and
smelting
Agriculture
Area and additions to value
1950 ; 1951
All areas:
Value at beginning of year___;10 ,70011,78813,089
621
528 850
Xet capital movements
rndistributed subsidiary
earnings
...
475
752 ! 876
-8?
22
4
Other changes
Value at end of year
i l l ,788!] 3, 089 .,14,819
57-.I
-1J
!
2^['•
L_
5«( r
589
24!
i
29 1
i
642!
Ui 1
I> :
3. 579! 3, 972
240
420 J
21
(i)
Manufacturing
! Public utilities
i
!
i
:
i
204
338
266! 359!
357
16!
14
15
33!
56'
45;
74
10'
2
i -28
—2
32
2!
—6
1, 129; 1,317 1,642 3.390 3,703 4.291 3, 831 4,352 4,920 1, 425: 1,431: 1,469
28
j
i
22!
-1!
2S7
29!
Miscellaneous
1952 ' 1950 1951 J 1952 1950 \ 1951 i 1952 I 1950 | 1951 j 1952 ! 1950 j 1951 ! 1952 I 1950 1951 ! 1952
!
662
i
Trade
i
!
i
l
l
642 1,011! 1, 129! 1,317! 3,074 3,390 3,703 3, 373 3,831! 4,352 1, 4ll! 1,425 J 1,431
—8
87!
100: 278J
248
93.
248 j
192J
190
211
-2j
-8!
23
i
Canada:
Value at beginning of year... 3 , 146 i
Xet capital movements j 287!
!
1952 | 1950 1951 ! 1952 1950 j 1951
Petroleum
650
68
44
1
!
762!
58
883^
17;
i
63|
1
i
.
607
37
66 |
'• -
IS
!
662!
70:
762
80
:
762
883|
966
662
28'
2
762
869
27
196
32
2401
6:
262
2
357
21!
3S5
44;
440
42
!
334
36
400
134
276
122
418!
124;
562: 1.724: 1,897! 2,000
121
122
SSj
30!
284!
-l!
287
-6
285
1
Undistributed subsidiary
earnings
Other changes
Value at end of year
1
(i)
!
'
i
IS!
14
20
181; 199;
3,972, 4,593!
2
22,
21
334|
400;
550
4, 735^ 5, 176
51!5
-''i
520 !
22;
557
-4;
595 •
29 !
628
60
736 1,467
120! -69
1-[
15
52(j!
;
557;
!
11!
i
504 i
;
41
!
62s!
.
16i
32
736:
.
151
14
i
—4
871 i 1,408
!
]
1
Latin American Republics:
Value at beginning of year__ J 4 , 590
Net capital movements
40!
rndistributed subsidiary
earnings
. ! 109!
—4!
Other changes
Value at end of year
j 4 , 735 1
Western European depend- !
encies:
Value at beginning of year .
Xet capital movements
Undistributed subsidiary
e'vrnings ..Other changes
Value at end of year
165|
277;
249! 303!
27
2<
5, 176 5,758
i
Western Europe:
Value at beginning of year _ _ 1 ,450
Net capital movements
119
Undistributed subsidiary
151
earnings
"..
Other changes
Value at end of year
1 , 720
l,720i 1,9791
62
-8!
181
:
i
!
1, 979
(M
174! 0)
2, 145
i
l!
0)
(i)
0)
;
16l
1!
1
1;
19
|
2i
i
21 |
9
21
(')
!
3
—i
23,
i
j
427
14
435
1
445!
-5,
£
9
V
0)
i
-3!
— 3
435!
i
C1)
418
20
120
3
2
1
12
16
20
7
1!
12
715 1,897! 2.000 2,241
284
285|
287
240
262,
284
385
44')
494
21.2
242
3s
::03
11
102
7
116
1!
136
18
!
9
445
27!
!
'
407 i
i
1
10
0)
75
13j
'
i
(i)
88!
2;
\
|
2
2!
10!
12
88!
95
5;
531
— 2!
331
16;
56
2|
J
35!
-4|
39
13;
i
13;
"53i"
~64|'
1. Less than $500,000.
Source: U. S. Department of Commerce, Office of Business Economics.
56;
1'.
61!
667 !
64
7801
116!
96
135
49
1,408
1, 577
780
992! 1, 166 1, 041 1,044
'
799:
32
'•
932! 1,070!
17!
6
101
121
111!
932 1,070
1, 187;
27!
8
16!
•)
424!
37:
51!
-24
3;
32
331
17
511!
45
i
532
'
:
95 |
18j
311
-6
!
992 1. 0351 1.041! 1,044
80!
— 3!
—7!
21
82
—7
296!
-2;
j
i
295
-23,
6i
3!
\
94
4;
117!
18:
9:
-2
l!
!
1
295 :
290
9i
8!
702!
127!
8441
8!
926!
142
177i
6;
68!
109
15!
!
6!
!
31!
:
926 1, 177,
:
214
1!
214'
29:
38
.
12
242
303!
27 i
(') 1
27
166
7
186!
7!
r
)
(i)
0) | 0)
27;
2 3
1
7
7
8
344:
30
116
136
162
207i
2|
123
3'
129
1
138
8
13
14;
9|
3
8
fi
28
186
207:
218!
129
13S
152
18
10
2
13!
10'
2|
l!
0)
(')
j
-7
'
(
11
1,076
10;
23
4
18
;
296
844 ;
(i)
9
\
2,
0)
\
'
£
;
1
1,408 1.408!
-75
32!
319
73
424
101 i
9^ :
23!
•
26
S.T!
31:
562
1
AH other countries:
Value at beginning of year, i 1, 086 j 1,318; 1,516:
59
166
Xet capital movements-..! 161!
Undistributed subsidiary |
earnings
._ _.|
Other changes
j
Value at end of year
| 1, 318: l , 5 1 6 j 1,854
30
146!
• 3 ,579;
!
0)
! (i) \ (i)
( i)
1
l!
1
9
18'
IS,
18
13
16
18
281;
4,
49^
1;
54;
;
56
2
67
9
81
5
95
2
9
6
56
61
1
31i
_•
281
18
0)
:
316
5
4
:
54i
.
"81 "
"95 "
1
C1)
1
(1)
1
1
0)
0)
1
1
30
14
45
13
2
1
"30
59
XOTE.—"Other changes" consist of adjustments to the value of direct investments abroad
caused by the revaluation of foreign properties, the transfer of assets from one country to
another, adjustments for loss or profit on liquidations and other technical adjustments.
SURVEY OF CURRENT BUSINESS
.January 1954
Table 2.—Value of United States Direct Private Investments Abroad, Capital Movements and Undistributed Subsidiary Earnings, by
Selected Countries, 1949-52
[Millions of dollars; reduction of investment (—)]
Country
Value
end of
1949
UndisNet capi- tributed
subsidtal outflows
iary
earnings
10, 700
621
475
^'arHH a
3, 146
287
146
i,atin American Republics, total
Argentina
l ir i'ii
( 'bile
Colombia
( \)sta Itica
4,590
329
588
518
194
40
109
12
30
All area >, total
20
619
102
Ifi
104
60
2
1
1
ATexico
Panama
Peru
Urtiu'ii'iv
Vene/uela
Other countries
374
337
148
51
1,03(5
25
-1
-9
3
-39
Western Europe, total
Belgium
Denmark
France
Germany
Italv
1, 450
on
30
185
173
37
Cuba
Dominican Republic
Ecuador
Guatemala
Honduras
Netherlands
Norwav
Port us^l
Spain
Sweden
Switzerland
Turkev
United Kins r lorn
O t h e r f o u n t rics
51
22
17
729
31
-8
119
3
2
9
16
3
(0
(')
1
1
-4
(0
j
49
22
13,089
850
876
4
14,819
-28
3, 972
420
199
2
4, 593
4, 735
356
644
540
193
60
165
—9
92
40
11
249
18
67
3
3
27
5,176
365
803
583
207
61
277
303
18
85
2
2
5, 758
393
1,013
6)23
234
61
*
642
106
14
106
62
0)
13
11
0)
-1
14
1,720
65
32
217
204
63
62
13
3
2
3
84
24
16
31
58
69
2
427
14
-3
Western Hemisphere:
British
Other Pviiropean
61
65
3
-]
-3
1
Africa:
British
French . _
Other European
37
27
10
3
1
2
0)
Other areas:
British
Other Euronean
201
26
-3
4
0)
—8
2
0)
1
33
70
3
5
19
3
181
17
9
°\1
3
2
3
0)
—1
0)
59
132
38
47
105
5
—1
2
3
12
39
82
140
C1) \
3
22
10
Other areas:
India
_ - _.
Indonesia
Israel
Japan
Philippine Republic
Oth^r countries in \sia
27
62
13
12
132
467
10
-13
2
7
6
62
16 1
17
24
7
16
-39
5
9
48
16
1
201
25
29
4
25
2
Source: U. S. Department of Commerce, Office of Business Economics.
Investments in Western Europe, notably the United Kingdom, were affected by a reversal of the capital flow in 1952
after two years of substantial capital additions. The small
further increase in investments which took place in 1952
resulted entirely from larger reinvested earnings. A major
expansion in refinery capacity was carried out in Western
Europe in 1950 and 1951 by the petroleum companies, and
some projects were continuing in 1952 and 1953. However,
3
72
2, 145
95
38
276
251
80
8
4
2
3
3
108
33
21
40
70
1
0)
1
-
-21
98
2
2s
18
1, 038
50
445
-5
27
467
71
68
15
5
2
-3
88
70
54
32
12
-1
1
1
4
4
0)
0)
177
32
;^()
l,51fi
166
44
104
1
66
36
16
151
39
172
1,85!
(l)
0)
49
9
34
45
1 63
554
7
23
9
81
256
31
29
4
6
1
0)
"l
0)
38
58
15
19
149
545
1. Less than $500,000.
6
6
1,318
Australia
New Zealand
9
(')
(')
71
8 11
-8
0)
28
4
~~2
4
19
21
174
10
1
25
14
3
115
(')
961
46
1
0)
161
1
9
490
383
230
71
1, 181
61
-10
-48
28
1
66
65
C1)
29
58
G
3
73
3
0)
0)
90
4
9
-12
2
1
686
123
14
108
81
4
1
0)
10
(L)
9
1,979
37
2^9
0)
1,086
23
2
16
20
0)
(l)
435
190
30
471
373
197
125
100
28
19
36
2
1
18
4
0)
0)
672
123
14
106
78
996
61
9
3
Tf5
847
38
41
31
12
fj
33
\
30
Africa:
Egypt
Liberia
Union of South Africa
Other countries
Other countries, total
Value
end of
1952
181
1
0)
Other
changes
752
151
2
UndisNet capi- tributed
subsidtal outiary
flows
earnings
240
24
-38
17
6
-16
9
2
Value
end of
1951
528
414
348
145
56
993
56
23
24
Other
changes
3, 579
15
12
6
2
—4
2
19
(')
UndisNet capi- tributed
subsidtal outiary
flows
earnings
11,788
-4
0
Western Europe in dependencies, total
Value
end of
1950
1
18
1
27
Other
changes
0)
2
Changes 1952
Changes 1951
Changes 1950
12
(0
46
140
194
8
6
58
63
74
41
69
178
083
2
310
37
0) ""'
1
Note. "'Other changes'' consist of adjustments to the value of direct investments abroad
caused by the revaluation of foreign properties, the transfer of assets from one country to
toother, adjustments for loss or profit on liquidations and other technical adjustments.
by 1952 the principal expenditures had been made, and as
the facilities went into operation the foreign enterprises
were able to begin reducing their indebtedness to the United
States parent companies.
Somewhat the same situation prevailed in the Western
European dependencies in the Middle East, where petroleum
investments were reduced by small amounts in 1950-52 in
contrast to the sizable capital outflows in the earlier post-
SURVEY OF CURRENT BUSINESS
J a n u a r y 1054
Table 3.—Net Direct Private Investments—Capital Movements to Selected Countries by Major Industries, 1950-52
[Millions of dollars]
Mining and smelting
All industries
Petroleum
Manufacturing
Trade
Other
Country
1950
1952
1951
1950
1951
1952
1950
1952
1951
1950
1951
1950
1952
1951
1950
1952
1951
1952
Total _
621
528
850
87
100
278
248
93
248
192
190
211
68
58
17
26
87
96
Canada
287
240
420
29
36
134
122
124
122
88
30
121
32
6
2
17
43
41
40
165
-9
92
40
11
(2)
277
8
125
37
20
29
1
60
120
-69
-75
0)
17
0)
4
(2)
32
0)
34
C1)
5
(2)
64
1
17
116
—5
61
3
2
(2)
80
12
65
-2
8
18
-4
1
4
-2
38
5
8
1
2
11
4
9
-3
7
—3
-4
0)
26
35
5
0)
(01
Latin American Republics, total__
Argentina
Brazil
__ _ __ .
ChileColombia _ - _ ._ . .
Costa Rica
Cuba
Dominican Republic. _ _
Honduras
Mexico. . ... ...
Panama
15
20
22
2
7
1
25
C)
0)
17
C1)
-10
-48
5
~2
0)
0)
—8
28
i
115
(2)
Western Europe, total
Belgium __
France
Germany
.
Italy
Netherlands _ . _
119
3
9
7
19
18
62
13
2
3
2
()
-8
-2
2
3
5
2
2
2
49
9
3
2
3
18
11
14
1
-5
Western Hemisphere:
British _
Other European
5
1
1
5
15
5
C1)
(0
Africa:
British
French
Other European
3
2
2
6
6
—1
1
C2)
Other areas:
British
Other European
Other countries, total.
_ __
Africa:
Liberia
Union of South Africa .
Other countries
Other areas:
Australia
India
Indonesia
Israel
Japan
Philippine Republic
Other countries
1. Included in totals.
f1)
24
3
C1)
-4
0)
(2)
0)
(2)
(2)
(2)
(2)
C1)
(2)
0)
59
166
(0
2
0)
0)
2
-21
2
(2)
(2)
()
(')
(2)
(2)
2
13
1
0)
0)
( )
C)
29
(2)
2
161
0)
-13
18
1
5
—7
0)
(-')*
-68
1
(2)
25
1
29
7
4
19
21
5
-35
29
9
-23
7
23
9
85
C1)
0)
(2)
14
0) 1
0)
0)
(0
(2)
0)
0)
2
()
48
()
37
-2
()
4
C)
23
3
-24
2
4
(0
3
3
4
1
3
3
3
(2)
17
8
1
3
(2)
(2)
(2)
( )
(2)
2
2
2
( )
1
2
-24
2
( )
(2)
—1
( )
24
4
(2)
3
-23
0)
0)
g
(2)
-6
1
4
-2
6
-3
1
4
1
1
( )
(])
(2)
(2)
(2)
(2)
(0
2
142
6
6
127
8
6
30
10
0)
-1
-1
0)
21
C)
-1
—1
0)
0)
0)
2
0)
0)
C)
0)
0)
0)
6
3
—1
1
0)
(0
(2)
-1
1
5
7
(2)
-3
(2)
2
12
1
1
1
4
-3
2
( )
1
(2)
-1
-6
—3
Q
(2)
(2)
( )
(2)
0)
(2)
( )
0)
(2)
1
1
1
0
1
(2)
(2)
(2)
(22)
()
(2)
(2)
(2)
(2)
(2)
(2)
1
3
(2)
(2)
(2)
C2)
0)
0)
(2)
(2)
1
2
1
12
(0
(0)2)
0)
(2)
15
0)
0)
C2)
(2)
0)2
()
-1
0)
(2)
2
0)
,
-3
(2)
(2)
0)
1
2
(2)
2
2
2
2
3
(2)
5
2
1
1
0)
2
9
(2)
C2)
(2)
5
0)
(2)
I
7
0)
(2)
1
1
C1)
0)
C1)
3
(2)
0)
(2)
C1)
(2)
(2)
(2)
(2)
2
0)
1
2
0)
2
0)
0)
0)
C1)
]
10
12
13
-19
4
5
—1
2
(2)
(2)
(2)
0)
0)
9
C1)
(2)
(2)
0)
(2)
(2)
-2
3
C2)
(2)
(!)
(0
•>
C2)
(2)
C1)
0)
0)1
C)
0)2
()
C2)
d)
2
3
1
0)
(0)2)
C1)
0)
( )
(l)
0)
1
C1)
2
(2)
1
(2)
4
29
(2)
C)
0)
(2)
-2
(2)
2
(2)
(2)
2
1
2
2
()
0)
-38
0)
8'
2
Q
7
7
1
0)
(>)
-12
0)
88
( )
0)
-16
8
1
2
3
5
1
2
0)
0)
5
1
C11)
C)
2
0)
0)
(2)
( )
1
-i
-2
3
(2)
(2)
i
2
(2)
2
0)
0)
-1
0)
-4
0)1
C)
0)
5
2
1
2
1
1
2
0)
3
0)
«38
42
1
32
(2)
5
(2)
5
-1
()
0)
0)
65
0)
0)
(2)
(2)
5
(2)
2
2
2
C1)
0)
1
2 4
()
1
(»)
9
8
i
4
—1
(2)
Source: U. S. Department of Commerce, Office of Business Economics.
war years when the various
properties were being brought
into production. Howrever, petroleum investments in the
independent Middle Eastern countries and in the Far East
increased substantially in 1952. In the Middle East the
intensification of investments raised oil production to record
levels.
The major activity in the Far East was the further expansion of refining capacity, but exploration for new oil resources
also required a considerable amount of capital. One of the
results of these expenditures was the recent discovery of new
oil reserves in Australia.
The far-sighted postwar foreign investment by United
States petroleum companies has undoubtedly been a major
factor in facilitating the recovery and expansion of economic
activity in Europe and nearly every other part of the world.
Not only did the United States companies abroad increase
their output of crude oil from nearlv 400 million barrels
in 1946 to about 1 billion barrels in 1952, but they also
7
2
2
-6
()
(0
1
(2)
2
3
1
18
6
2
2
1
-47
(2)
-39
(2)
C11)
C1 )
C)
0)
0)
1
1
3
21
4
0)
10
16
-2
-44
«
«'6
0)
0)
0)
73
2
3
3
20
16
(2)
0)
(0
-1
0)
0)
0)
0)
80)
0)
3
2. Less than $500,000.
0)
(0
-39
24
10
-13
2
7
6
69
0)
2
-12
2
(2)
0)
(2)
-3
4
32
23
1
4
( )
17
6
-16
(2)
. _.
35
0)
( )
13
11
14
24
-38
(2)
(2)
0)
2
-9
3
-39
(2)
Western European dependencies,
total
30
0)
0)
0)
2
Peru_
Uruguay __
Venezuela
Other countries
Portugal
_ __
Spain
Sweden .
United Kingdom
Other countries
0)
0)
provided for moving the oil to the consuming areas by pipeline and tanker, and erected the required refining, storage
and distribution facilities. In addition, by spending very
large sums for exploration and development the companies
are locating new reserves \vhich will provide for consumption
for many years.
Mining investments higher
Capital outflows for mining investments abroad in 1952
were about $280 million, far higher than in any previous
year. This investment was mainly connected with a few
large projects, although much activity was carried out on a
smaller scale to develop new sources of essential raw materials. The amount of reinvested earnings was down from
1951 as earnings were reduced by price declines of some
metals and minerals.
SURVEY OF CURRENT BUSINESS
January 1954
9
Table 4.—Gross Movements of Direct Private Capital, by Areas and Industries, 1951—52
1
[Millions of dollars; net inflows (—)]
All areas
Latin American
Republics
Canada
Western European
dependencies
Western Europe
Other countries
Industries and years
Outflows
All industries:
1951
1952
Inflows
Outflows
Net
Inflows
1
1
2
(2)
-1
39
11
17
15
22
-4
1
36
134
84
140
24
20
60
120
128
124
4
2
124
122
54
112
129
81
-75
32
50
27
190
211
103
203
73
82
30
121
136
120
20
40
116
80
30
21
33
7
-8
23
1
1
2
-1
1
24
27
31
7
21
91
65
33
47
58
17
13
9
7
6
2
56
39
18
28
38
11
10
9
3
7
7
2
91
90
21
10
70
80
48
46
4
4
44
42
21
20
10
2
11
18
8
11
6
3
1
8
125
299
25
21
100
278
36
135
329
526
237
279
93
248
Manufacturing:
1951
1952
300
359
110
148
Public Utilities:
1951
1952
25
31
Trade:
]951
1952
.
.
.
62
-8
165
277
24
-8
Other:
1951
1952 ..
Outflows
Net
249
192
18
19
(»)
(2)
(2)
97
68
Inflows
414
469
42
12
..
Outflows
240
420
528
850
Petroleum:
1951
1952
Net
91
98
476
531
Mining and Smelting:
1951
1952
Inflows
330
518
1,003
1,381
Agriculture:
1951
1952
Outflows
Net
35
76
(2)
(2)
3
18
13
51
37
-24
23
35
13
15
17
6
(2)
(22)
()
(2)
(2)
(22)
()
29
60
30
55
1
(2)
(2)
Inflows
(22)
()
(2)
Net
132
272
73
106
59
166
1
1
1
3
1
-2
(2)
(22)
()
2
18
2
6
25
58
-2
-23
74
228
66
86
8
142
2
(2)
-2
(2)
31
15
2
11
29
4
(2)
(22)
()
(22)
()
(22)
()
2
6
2
2
1
1
1
3
2
(2)
(2)
Inflows
1
-5
(2)
(2)
Outflows
Net
2
9
6
5
5
5
2
14
14
1
1
14
13
1. The gross capital outflow shown in each area-industry cell of this table represents the
sum of the net capital outflows to those foreign subsidiaries and branches for which net
outflows were reported for each of the years covered. Conversely, the gross inflows shown
for each cell represent the sum of the net inflows from those foreign subsidiaries and
branches for which inflows were reported in each year. The totals for "all areas"
are the sums of the figures shown in the area-industry cells. It should be noted that the
gross totals, but not the net amounts, would change if the compilation were done on a
quarterly basis.
2. Less than $500,000.
Some of the largest investments were in Canada, including
the well-known projects for developing the iron ore resources
of Labrador. Another large investment in 1952 was the
development of Venezuelan iron ore resources. Capital
outflows for these projects were at a peak in 1952, but a
part of this capital was not utilized until the following year.
Capital sent abroad to finance trade and distribution
enterprises declined in 1952, particularly in Latin America,
while reinvested earnings remained about the same as in
1951. However, these capital items are essentially shortterm and show considerable annual variation.
Investments in other industries continued to show moderate gains in 1952. In agriculture, capital flowing back to the
United States in 1952 exceeded the movement abroad, with
reinvested earnings accounting for the small increase in
investment. Continued price declines in 1952 and 1953 for
some of the more important products produced abroad by
United States-owned agricultural facilities, as well as
unsettled political situations in some areas, were deterrents
to any sizable new investments. Public utility companies
have been investing moderate amounts in Latin America
to meet the growing need for electric power. The net
capital inflow shown for this industry in 1951 was connected
with the sale of one property in Mexico.
Table 5.—Private Long-Term Portfolio Investments Abroad, by
Area and Type, 1950-52
[Millions of dollars; capital inflows to United States (—)]
Total
Type
1952— Total
New foreign security issues
Amortizations and redemptions
Transactions in outstanding
foreign securities
B a n k i n g and commercial
loans- - -- 1951— Total .
_ ._
New foreign security issues
Amortizations and redemptions
Transactions in outstanding
foreign securities _ _
B a n k i n g and c o m m e r c i a l
loans
1950— Total
New foreign security issues
Amortizations and redemptions
_
Transactions in outstanding
foreign securities
B a n k i n g and commercial
loans
143
287
Canada
30
158
—34
19
10
47
— 66
—38
— 10
—9
— 10
— 100
— 16
—7
—40
51
10
-8
35
13
361
491
220
302
—29
—24
40
50
284297°—54
2
118
83
35
153
139
113
—88
— 11
—3
— 11
-37
8
-22
-15
-22
20
-2
4
-6
23
467
254
324
163
—27
10
157
10
2
80
-19
-3
0
— 100
-167
14
324
332
-21
-8
-2
23
186
—4
3
168
20
—1
Source: U. S. Department of Commerce, Office of Business Economics.
Two-thirds invested in Western Hemisphere
InternaLatin
tional
Ameri- Western Other
can Re- Europe countries institutions
publics
— 129
-297
Source: U. S. Department of Commerce, Office of Business Economics.
In the 1950-52 period, as in earlier periods of American
direct investment abroad, the proportion invested in Western
Hemisphere countries was maintained at about two-thirds
of the total. In 1951 and 1952 about $2 billion was added
to direct investments in these countries out of total additions
of a little over $3 billion. By the end of 1950 the value of
investments in this area alone exceeded the value of all
direct investments abroad in 1943.
Direct investments in Canada reached a record rate of over
$600 million in 1952. It appears that there will be some
reduction in capital flowing to Canada as the financing of
some of the very large mining and petroleum ventures has
been largely accomplished, while much of the manufacturing
investment is financed out of earnings.
The rate of direct investment in Latin America was also
very high in 1952, particularly for mining and petroleum
enterprises. The largest increases in investment in that
year were in Brazil and Venezuela. By the end of 1952 the
book value of United States direct investments in each of
these countries was over $1 billion.
10
SURVEY OF CURRENT BUSINESS
Additions to direct investments in Western Europe were
reduced in each year from 1950 through 1952, mainly
because of the decreasing need for United States funds for
the construction of petroleum refineries. There was a
marked change in capital flows from 1951 to 1952, with a
large 1 increase in the amount sent back to the United States
by companies reducing their investments and a drop in the
amount being invested in Europe by those companies
carrying out further investments. Investments out of
retained earnings remained high, however, so that by the
end of 1952 United States direct investments in the United
Kingdom were also valued at over $1 billion.
Investment activity by United States companies in other
areas was considerably higher in 1952 than in the previous
two years. The renewed investment in Middle Eastern
Net Additions to U. S. Direct Investments
Abroad, by Industry
INDUSTRY
100
MILLIONS OF DOLLARS
200
300
400
500
600
January 1S>.")4
in 1953 changed into a net return of capital from abroad.
Much of this portfolio lending in the 1950-52 period
has been directed to Canada which received about 60
percent of the nearly $1 billion net new investment. In
this period a substantial number of bond issues have been
sold in the United States by Canadian provinces and municipalities to finance a wide variety of projects, and Canadian
corporations have also sold their common stock in the
United States in sizable amounts. However, a large part
of the recent capital movement to and from Canada has
been associated with the short-term fluctuations of exchange
rates and bond yields rather than with more permanent
investments.
American private investors have also provided a sizable
amount of financing for the International Bank for Reconstruction and Development by buying the bonds of that
institution. The International Bank is also finding that
foreign governments and other investors in recent years have
increased their participation in the Bank's financing by purchasing both foreign currency and U. S. dollar bonds.
Aside from the portfolio capital going to Canada and the
International Bank the outflow has been sporadic and for
rather special purposes, including sales of bonds of the
Government of Israel and a fully secured special bank loan
to France in 1950. There are no indications as yet that port-
PETROLEUM
Net Additions to U. S. Direct Investments
Abroad, by Area
MANUFACTURING
AREA
MILLIONS OF DOLLARS
200
300
400
500
600
CANADA
MINING AND
SMELTING
TRADE
100
CAPITAL UNDISTRIBUTED
OUTFLOWS SUBSIDIARY
EARNINGS
OTHER
INDUSTRIES
LATIN A M E R I C A N
REPUBLICS
WESTERN
EUROPE
CAPITAL UNDISTRIBUTED
OUTFLOWS SUBSIDIARY
EARNINGS
OTHER A R E A S
petroleum has already been discussed above. Other countries where investments are going forward, as shown in table
2, include India, Japan, the Philippine Republic, the Union
of South Africa and Australia.
Portfolio investments remain low
Private investments in foreign bonds and stocks and
various types of claims or assets with a maturity of more
than one year, have had a minor attraction for American
investors in the postwar years. The rate of portfolio capital
outflows declined in each year from 1950 through 1952 and
I
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS
ECONOMICS
folio capital outflows can be expected to increase materially,
although there have been a number of favorable developments in the position of outstanding dollar bonds. Dollar
bonds held in the United States in default and not now covered by agreements had a par value of $103 million out of a
total par value for foreign bonds held in the United States
of $2.6 billion at the end of 1952.
b Betty C. Churchill
Recent Business Population Movements
JL HE number of operating businesses in the United States
in mid-1953 reached a record of over 4 million firms. During
the first half of the year the net gain was about 30,000 firms—
a. slower rate of growth than in the corresponding periods of
each of the preceding three years. Actually the change in
the total number of concerns has not been very large since
1948, when the business population leveled off following a
period of rapid postwar growth. In the first half of 1953,
new businesses were 6 percent below, and discontinuances
4 percent above, the first half of the previous year.
Contract construction, with an increase of 4 percent during
the first six months of 1953, continued to reflect the high
rate of building activity. Except for a slight loss in mining
and quarrying, however, all major industrial segments contributed to the increase in total business population during
the first six months of 1953.
The bulk of all businesses is small—three-fourths have
fewer than 4 employees while less than 2 percent of all
firms employ 50 or more.
Retail trade has by far the largest number of firms,
1,860,000 (in mid-1953), or about 45 percent of the total,
followed by the service industries with 740,000 firms or
about 18 percent. These two major industries, which
account for more than three-fifths of all operating firms, are
fields in which small businesses especially tend to predominate.
Mining and quarrying in 1953 had 38,000 firms or less
than 1 percent of the total; the transportation division
Business Population
Revised estimates
This article presents the first general revision since 1949
of the business population estimates regularly prepared by
the Office of Business Economics, as well as a brief review of
significant trends and relationships in the new series. The
revised data are shown by the greatest industry detail available; the number of firms in operation appears in tables 1 and
4, and the new series on business turnover in tables 2 and 5.
Tho effect of the revision upon the estimates of number of
firms in operation and number of new businesses is riot
large on an overall basis or in most industry groups. The
estimates of number of firms in operation have been lowered
slightly for 1947 and prior years. For the more recent period
the revised estimates show a somewhat higher rate of growth;
as of the end of 1948 the new series about equaled the old,
but as of the end of 1952 the new series exceeded the old by
3 percent.
In the case of discontinued businesses, additional information indicates that the former series was too high. In
some of the industry groups this overstatement in business
deaths continued for a number of years and brought about a
cumulative understatement in the estimates of number of
operating firms. Definitions of terms and the sources and
methods employed in the revision, are shown in the technical
notes at the close of this article.
Composition of the business population
Business population statistics relate to the entire private
economy of the continental United States except for the
fields of agriculture and the professional services. In the
area covered all firms are included, regardless of size, except
that an individual working on his own account is not considered a business firm unless he has either an established
place of business or at least one paid employee. Although
a concern may carry on a variety of activities, each legal
entity is counted only once and is classified by industry
according to the major activity of the firm as a whole.
NOTE.—MISS CHURCHILL IS A MEMBER OF THE BUSINESS STRUCTURE
DIVISION, OFFICE OF BUSINESS ECONOMICS.
again increased in 1953 and remained a little below
its past relationship with Gross National Product
MILLIONS OF FIRMS
5.0
4.5
CALCULATED
4.0
3,5
3.0
ACTUAL
2.5
® J U N E 30, 1953
2.0
I t
1929
I I I I
31
U. S. DEPARTMENT
33
I I
I I I I
I I I I
I I I I
! I I I I
35
37
4!
45
49
39
43
47
OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
51
53
53-126-8
accounted for 4 percent, wholesale trade for 7 percent, finance
and manufacturing for 8 percent each, and contract construction for 10 percent.
Long-term trends
The most important single factor affecting the business
population over the long term has been the underlying
growth of real demand and output, combined with the growth
of the human population. Another expansionary long-term
factor has been the increasing division of labor in our economic life, which has opened new opportunities for enterprising firms. On the other hand, the gain in size and
diversification of product lines of the average business unit
has been partly offsetting.
11
SURVEY OF CURRENT BUSINESS
12
January 19o4
At the turn of the 20th century, there were roughly 1.5
million nonfarm business firms in operation in the United
States—or about 21 firms for each 1,000 people. At midcentury there were 4 million firms in operation or nearly 27
firms per one thousand people. The business population
increased 2/2 times during the past 50 years while the human
population about doubled.
by roughly 50,000 firms or 1.2 percent each year, calculated
on an annual average basis. Examination of the data within
1949, however, shows that the growth in the business population slowred to half this rate in response to the mildly recessionary influences in the early part of that year. Information
for the first half of 1953 indicates a rate of growth higher than
that in 1949 but below other recent years.
Cyclical movements
Industrial patterns
Over shorter periods of time, the number of firms in
business tends to be responsive to changes in business
conditions. Thus per capita firms in operation are subject to
wide short-term variations. For example, the number of
firms per 1,000 people dropped from 25 in 1929 to 22 in 1933,
reached 25 again in 1940 but fell to 21.5 in 1943. Per
capita firms have shown practically no variation in the period
1948-53, averaging about 27.
The relative changes in the major divisions of the business
population since 1940 are depicted in the chart below. All
segments except manufacturing decreased during the \\ar—
Table 1.—Number of Firms in Operation by Major Industry
X^^^"$^§S^&§^
vt
Relative Changes in Business Population
|
Wide variations among industries in gains
from prewar and wartime periods
^
^
Division, 1929-53
PERCENT
[Thousands!
Year (annual
averages)
All
industries
0
-20
TransporFitation,
ConMinServing
tract Manu- communi- Whole- Retail nance,
insurice
conand
sale
cation
factrade
ance,
indusquar- struc- turing and other trade
and
real
tries
rying tion
public
estate
utilities
CHANGE
+20
$
+40
\
^
+60 $
\
\
__„____,_
ALL
INDUSTRIES
l
I;!:!:;:!:;:!:!: JUNE 30, 1940 TO
>;
fa
DEC. 31, 1943
1
CONTRACT
1929
3, 029. 0
36.3
233.8
257.0
119. 5
148. 1 1, 327. 0
316.2
590.9
1930
1931
1932
1933
1934
2, 993. 7
2, 916. 4
2. 8?8. 1
2,782 1
2. 884. 0
33.4
32.4
32.0
32.8
35.5
230.2
218. 6
202.2
185.4
179.7
228.1
195.3
166.4
166.8
187.9
116.0
111.6
107.7
107. 6
116.6
146. 6 1, 325. 5
143.9 1, 316. 7
141.6 1,301.8
141.8 1. 291. 2
152.0 1, 337. 3
315.2
305.7
288.4
281.7
282.5
598.7
592. 1
588. 0
574.9
592.5
1935
1936
1937
1938
1939
2, 991. 9
3. 069. 8
3, 136. 3
3, 073. 7
3, 222. 2
35.5
35.8
35.8
33.9
34.2
180.2
191.7
199.0
193.5
199.4
205. 0
210.8
214.3
202.2
221.3
127.2
132.3
137.0
135.7
145.3
157.0
164.7
170.7
167.1
175.6
1, 387. 2
1, 430. 1
1, 469. 3
1, 451. 6
1, 534. 6
283.8
275.8
278.8
285.0
296.6
615.8
628.6
631.3
604.8
615. 2
1940
1941 ...
1942
1943
1944
3, 290. 8
3, 269. 6
3, 185. 8
2, 905. 1
2, 916. 5
35.6
37.2
35.4
32. 1
31.4
198.8
186.4
176.9
157.2
153.3
226. 0
236.6
241. 5
244.9
250.2
149.6
147.2
144. 3
129.4
132. 2
186.4
194. 4
193. 5
172.6
177.9
1, 567. 4
1, 558v3
1, 491. 3
1,329.1
1, 322. 6
300.6
295. 1
298. 4
286.2
297.0
626. 3
614.4
604.6
553. 6
551.8
1945
1946
1947
1948
1949
3,113.9
3, 487. 2
3, 783. 2
3, 918. 4
4, 000. 0
32.2
33.8
35.2
37.2
37.0
176.8
243.8
292.6
329.0
347. 5
258.4
285. 9
312.0
320.0
320. 5
144.2
162.2
173.2
178.8
179. 1
196.9
229.2
250.9
257. 9
261. 8
1, 403. 5
1, 555. 4
1, 685. 9
1, 763. 8
1, 794. 3
310. 3
320.3
321. 9
323.4
323. 0
591. 5
656. 5
711.5
738. 3
736.8
4, 050. 7
--- 4, 108. 5
4, 167. 4
37.0
37.4
38. 1
370.5
388.6
411.0
320.7
327.2
328.8
179.5
182.7
184.0
266. 2 1, 81.5. 8
273.1 1, 834. 0
280. 5 1, 850. 8
325. 5
329.9
334.7
735. 6
735. 5
739.5
-
1950
1951
1952
TION
li;:;i;i;i;i;;;:;i!ii!iii . . .'
WHOLESALE TRADE
*
(
#
$
.v/r
?$
MANUFACTURING
:
it
3
, .1
$
V
»
TRANSPORTATION.
ETC.
[ft; ; ; ;.".;.
i
^
1
w
SERVICE
INDUSTRIES
FINANCE
(
^:j; j ; ;|;|;:::
ETC
r~
^
1
1
i 1I
i£
4, 116.9
4, 121. 3
4, 175. 4
4, 178. 8
4, 212. 4
37.5
37. 6
38.1
38.1
37.9
390.7
393.7
414.0
417.7
433. 8
328.8
327.5
329. 6
326.9
328.2
183.3
181. 8
183.8
185.4
185.7
273.7
276.0
280.9
282.9
284.8
1,836. 4
1, 837. 2
1, 853. 6
1, 853. 0
1, 864. 1
330. 3
332.0 ;
335. 0
335. 9
338.0 ,
736. 3
735. 5
740.4
738. 9
739. 8
Source: U. S. Department of Commerce, Office of Business Economics estimates, based
primarily on data from the U. S. Department of Health, Education and Welfare, Bureau
of Old-Age and Survivors' Insurance.
The response of the business population to changes in business conditions is illustrated by the chart on page 11. This
shows the actual number of firms in operation and the "expected" number of firms calculated from their relationship
to real (constant dollar) private gross national product. 1
The war-time "deficit" was rapidly made up after the end
of hostilities. The number of firms in operation increased
from slightly more than three million firms in mid-1945 to
slightly less than four million firms in mid-1948 with about
half of the increase occuring during 1946.
Since 1948 the number of firms in operation has increased
1. The calculated or expected number of firms in operation shown in the chart is based upon
a relationship in which "real" private nonfarm gross national product is used as a measure of
business activity. The linear least square regression equation for the years 1929-40 and 1948-52
is Y = 2264+11.20 X+14.74 t, where Y=number of firms (thousands); X = gross national product excluding Government and agriculture (billions of 1939 dollars); and t = time in years with
1934=0. The coefficient of correlation for this relationship is .997.
^
'•*,'
$
r—~"•
Addendum
June 30, 1951
Dec. 31, 1951
June 30, 1952
Dec. 31, 1952
June 30, 1953
ffl
Y3J
^/,
JUNE 3O, I94O TO
MINING AND
QUARRYING
HWPIfe
1
i
i
f/
U. S. DEPARTMENT
OF COMMERCE. OFFICE
OF BUSINESS
ECONOMICS
53~l26-9
$
finance somewhat less than average and construction and
transportation somewhat more.
Currently all major segments are larger than in 1940. The
number of construction firms has more than doubled; wholesale trade and manufacturing are also substantially higher,
and more modest relative gains have occurred in finance and
mining.
The contract construction industry w^as exceptionally
volatile under the changing conditions since 1940. During
the war, the material shortages and governmental controls
were especially restrictive in the construction industry.
The pent-up demand for construction of all types which
existed at the close of the war resulted in a spectacular increase in the number of construction firms. From the middle
of 1945 to date, nearly one-fourth of the 1.1 million increase
in the business population is accounted for by the contract
January
SURVEY OF CURRENT BUSINESS
1954
construction industry. In 1945, the construction division
contained about 5% percent of all firms; the current proportion is over 10 percent.
After an early postwar period of rapid growth, the number
of manufacturers decreased slightly during the year 1949—
a movement which was also characteristic of most of the
groups within manufacturing. The downward trend begun
in 1949 in the number of firms in the food, textiles, leather
and stone groups continued through 1952. The number of
metal product manufacturers, on the other hand, has consistently risen since 1950—probably reflecting the Korean
situation arid the high durable goods demand by producers
and consumers.
13
decline in meat and other food stores has been more pronounced. In these lines the wartime decrease was considerably greater than average, and the postwar recovery in
number of firms was somewhat less—an indication of the
ALL INDUSTRIES
I
CHANGE IN OPERATING FIRMS:
ENTRY RATE
200
Table 2.—Number of New, Discontinued and Transferred Businesses
by Major Industry Division, 1940-53
[Thousands]
All
industries
FiTransportation,
nance,
insur- Service
tract Manu- commu- WholeRetail
connications sale
ance indusfactrade
and
tries
struc- turing and other trade
tion
real
public
utilities
estate
Con-
INCREASE
DECREASE
400
Although all major divisions of the business population are
now higher than before the war, there are a few lines in which
the number of firms is currently no higher than prewar,
notably in retail food lines and in the drugstore field. While
the number of drug firms in the business population is
currently as numerous as before the war, the number of
grocery firms in operation is slightly below prewar. The
Year
1
TURNOVER RATE
Trends in trade and services
Mining
and
quarrying
I
Number of New and Discontinued Businesses
Per 1,000 Firms in Operation
DISCONTINUANCE RATE
I I I I I I I I I I I I
I
1941
43
45
TURNOVER RATE
400
47
49
51
RETAIL TRADE
MANUFACTURING
200
New businesses:
275. 2
290. 0
121.2
146. 0
1940
1941
1942
1943
1944.
1945
330.9
422.7
5.3
4.6
1.7
2.4
3.5
4.0
21.9
19.9
7.5
8.8
28.4
55.8
29.2
30.9
23.2
25.2
26.9
37.2
16.7
19.9
7.5
9.9
23.9
26.7
20 4
22 6
4 8
7.8
24.5
30.2
117 9
117.4
39 3
49.9
128.1
161 4
14 7
12.9
8.6
13.6
24.2
22.9
49 2
61.7
28 7
28 3
71.4
84 5
95.1
73.8
65.0
54.2
64.1
62.8
39.7
34.6
25.8
30.0
37.4
26.9
23.9
13.5
21.4
45.2
29.8
24.4
21.1
21.6
234.1
179. 5
151.2
135.5
133.0
21.4
15.9
16.0
14.7
18.6
116 6
90.3
72 9
57.5
55 5
37 9
25.' 2
43.7
25.8
40.4
18.9
12.0
16.6
11.9
16.0
14.6
9.9
13.9
10.1
11.6
13.0
9.6
13.1
9.6
11.9
79.6
60.4
80.9
60.5
77.4
12.1
9.1
10.8
8.5
10.3
32.3
24.3
31.5
22.8
29. 6
1950
348.2
4.7
4.9
5.3
3.6
4.1
1951, first half
second half
1952, first half
second half
1953, first half
210.7
152.5
213.0
150.9
199.3
2.3
2.0
2.5
1.8
2.1
1946
617.4
1947...
460.8
393.3
1948
1949..
._
331.1
1943 ..
1944
1945
3.6
5.2
4.7
3. 1
3.0
30.0
27.2
30.0
26.3
15.2
16.9
21.7
20.6
21.0
21.8
20.2
26.4
20.7
17.9
22.1
18.5
13 3
13.5
13.9
12.0
23.7
19.8
8 3
7.3
137 6
116.6
199 4
159 9
63 3
59.2
16 8
16 2
15 6
14 6
11 3
11.2
73
56
69
71
39
38
7
3
6
4
7
3
26.0
31.6
36.3
40.7
39.2
24.3
26.8
27.4
30.8
24 7
19 5
19.6
19.7
21.0
18 3
11 4
17.7
19. 1
18 0
16 3
65 5
76.5
98 5
115 5
115 0
15 0
14.9
14 7
15 5
14 5
43
49
62
60
57
9
0
3
7
8
64.1
59.6
64.6
61.2
66.3
8.8
7.3
7.9
7.6
8.2
3.9
1946
1947
1948
1949 _ . .
1950
208.7
239.2
282.0
306.5
289 6
3. 1
3.1
4.0
4.5
3 7
1951, first half
second half..
1952, first half
second half _ _
1953, first half p . _ _
161.2
148.1
158.8
147. 5
165. 7
1.8
1.8
2.0
1.8
2.3
24.5
22.2
23.4
22.1
24.3
13.0
13.4
14.5
14.6
14.7
11.9
11.5
11.9
8.5
11.3
7.9
7.3
8.1
7.6
10.0
1944
1945
1946
1947
1948
359.4
473.2
626 9
571.9
501 3
21
2.4
2 8
2.9
2 9
6.5
9.9
18 2
18.1
17.0
16 9
21.3
37 3
31.3
28 9
9 9
11.9
15 6
14 7
13 0
11
15
25
20
17
1949
1950
1951
1952
434 7
419.4
378.3
374.9
2 4
2.3
2.1
2.1
15 7
14.8
12.7
13.8
21 9
20.6
16.9
17 5
11 1
10 2
8.5
8 6
16 0
14 4
11.6
13 4
Transferred
nesses:
CONTRACT
CONSTRUCTION
WHOLESALE
TRADE
200
318.1
270.7
386.5
337.0
174.6
175.6
1942^
I I I I I I I I I I I I I
400
Discontinued businesses :
1940
1941
0
600
29.1
25.1
26.6
24.2
28.7
busi-
0
400
I I I i I I I I i I i I I
TRANSPORTATION,
ETC.
SERVICE
INDUSTRIES
200
I I I i I I I I I I
1
7
6
4
3
227
307
399
374
327
0
6
2
8
0
286 1
277 8
253.8
251 4
20
21
21
16
16
7
5
0
1
6
15 5
16 1
15.3
13 8
65
82
107
93
78
4
9
1
6
5
66 0
63 1
57.3
54 2
*> Preliminary.
Source: U. S. Department of Commerce, Office of Business Economics estimates, based
primarily on data from the U. S. Department of Health, Education and Welfare, Bureau
of Old-age and Survivors' Insurance.
1941
43 45
47
49
I
51
53^
1941
I I I I I I I I I I I
43
45
47
49
51
53^
U BASED UPON DATA FOR FIRST HALF OF 19531 SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
53-126-10
effect of the increasing tendency toward chain stores and
supermarkets.
By far the largest increase from prewar has been in the
retail appliances and radio field, in which the number of
firms is currently almost three times the prewar figure.
Firms in the package liquor business and homefurnishings
SURVEY OP^ CURRENT BUSINESS
14
concerns were the only retail groups which increased in number during the war; these fields have also witnessed substantial postwar expansion.
Among the service industries, only firms operating hotels
and laundries increased in number during the war, and practically all service industries are larger in terms of number
of operating firms than before the war. Most of the service
industries fell off slightly during 1949, but the current popTable 3.—Entry, Discontinuance and Transfer Rates
Indus try, Selected Years 1946-52
Discontinuance
rate
E n t r y rate
194*
411 industries
190
83
88
64
145
9!>
113
94
Cent ract construction
478
160 ! 177
131
Manufacturing
238
80 :
104
209
55
A3 i
9
34
235
Lumber and timber basic products.. 397
Furniture and finished" lumber
353
products
-. . .
Paper and allied products
140
Printing and publishing
97
Chemicals and allied products
Products of p.-troleum and coal..Stone, clay and glass products
Primarv m^tal industries
Fabricated metals
Machinery except elcctncal
Electrical machinery
Transportation equipment
Professional, scientific, and controlling instruments
Rubber products
Miscellaneous ~
Transportation, communication,
other public utilities
. . ._
140
112
. 599
256
200
145
412
310
940
300
by Detailed
Transfc rate
19 !9 ; 1952 19I«> 1919 1952 1946 ; 1919 1952
"Mining and quarrying
Food and kindred products
Textile mill products
Apparel and other finished textile
product ^
Leather and leather products -
l
87
10'?
P.O ..
77 I
74
119
:
100
120
92
95
67
42
50
78
193
109
91
i 115
91
46
35
89
141
68
53
56
121
135
:
93
12
144
138
;
i
60
40
99
105 _ _ _ _ _
102
137
206
212 .....
137
04
75
48
50
74
55
97 .. ...
43
33
192 !
93 '
138 i
74
35
78
44
149
58
50
94
95 i
101 I
191 ;
52
61
78
105
54
102
60
113
82
64
75
83
103
174
1 17
145 ;
68 1
187 I
48
79
62
47
56
49
103
93
102
18!
190
165
4S
60
65
61 _ _ _ _ _
92 . _ _ _ .
72 i
37
79 !
61 ! _ _ _ _ _
81
74 |
85
::;:;
--_-.1
61
and
249
103
132
130
116
112
103
62
48
216
81
82
55
69
57
123
61
49
161
76
45
65
68
274
i
General merchandise
Grocery, with and without meats- . . 119
137
Meat and seafood ._ .
150
Other food
45
55
69
86
17
30
37
62
30
51
58
70
134
321
207
204
j 74
i 159
i 117
! 115
Motor vehicles
Filling stations
_ Automotive parts and accessories
272
186
302
78
81
78
56
38
36
141
62
54
Apparel
Shoes
108
87
81
91
48
25
60
55
100
96 j
77
84
Lumber and building matei ials
Hardware and farm implements
\ppliancesanrlradios
Home furnishings
201
167
642
203
93
51
86
104
38
54
20
117 1
78
34
51
69
261 1
133
81
82
Eating and drinking places.-Drugs
Liquor
161
38
270
98
31
116
77
27
36
91
25
49
371 : 249
117 i 86
280 i 209
M iscellaneous retail
r.o
72
39
59
68
45
58
48
48
46
190
78
74
72
82
69
"Wholesale trade
-
Ketail trale
.
.
_- _
.
Finance, insurance, and real estate
Service industries
160 |
137
155 110
484 274
201 | 88
\..~".
194 ; 114
156
i
86
67 !
48
175
:::::
!
42
89 I
74
Hotels and other lodging places
Laundry, cleaning and garment repair
.Barber and beauty shops
Other personal services
89
63
76
69
201
132
197
115
122
70
56
75
50
53
73
69
62
60
254
192
135
122
99
106
Business services
\utomobile repair
Miscellaneous repair
Motion pictures
Other amusements -
266
316
342
89
193
98
73
79
96
158
90
75
93
30
119
98
101
114
44
118
97
191
139
112
178
53
65
53
86
93
1. Number of new, discontinued and transferred businesses during the year per 1,000
firms in operation at the beginning of the year.
2. Includes tobacco manufactures.
Source: U. S. Department of Commerce, Office of Business Economics.
J a n u a r y H)-~)4
illation of the major division and of most of its subgroups is
little changed from 1948.
Business Turnover
Estimates of the number of new. discontinued and transferred business are presented in tables 2 and 5. Since a
change in ownership of an existing firm is considered a business transfer, new businesses contain only those firms which
are newly established, and discontinuances refer only to
business dissolutions. It should be emphasized that discontinued businesses refer not to failures alone but to all firms
which go out of business,
regardless of reason. A study based
on data for 1946 2 indicated that less than one-half of all
business discontinuances and only one-fourth of all business
transfers in that period were disposed of by the original
owners in order to prevent or minimize a loss.
The difference between the number of new businesses and
the number of discontinued businesses gives the net change in
the number of operating firms. Business transfers, as noted
above, reflect only a change in ownership and so have no
effect on the number of operating firms.
Almost the same number of new businesses entered the
business population during each of the years 1951 and. 1952
but in the first half of 1953 the number formed was 6 percent
below the January through June total for the previous year.
The number of discontinued businesses was also about the
same in 1951-52 with the first 6 months of 1953 above the
first half of 1952 by 4 percent. The 1951-52 level of new
businesses was nearly 30 percent higher arid of discontinued
businesses, about 5 percent higher than the 1940-41 averages—the only prewar years for which such information is
available.
The year of most active new firm formation was 1946-—
a year of rapid postwar readjustment during which business
births exceeded the average number in the postwar period by
about 50 percent. A net addition of more than 400,000
firms was made to the business population in 1946.
Transfers versus neiv businesses
In general, year-to-year changes in number of business
transfers correspond quite well to the changes in numbers of
new businesses. The ratio of new to transferred businesses
nevertheless is subject to wide industry variation. In 1952,
for example, new and transferred businesses were about equal
for all industries combined; this balance was also characteristic of the service industries but held true in no other major
industry division. In retail trade transfers outnumbered
new businesses by nearly two to one. In all other major
industries, a new entrepreneur is more likely to establish a
business than to acquire it by transfer—ranging from 5 times
as likely in contract construction to 1/3 times as likely in
finance.
Turnover rates
For selected major divisions the annual entry and discontinuance rates—i. e.? the number of new and discontinued
businesses during the year per 1.000 firms in operation at
the beginning of the year—are shown for the period 1940-53
in the chart on page 13.
The years of rapid postwar growth as well as the net wartime decrease in the business population are highlighted.
Also apparent is the difference between manufacturing and
the other major industrial sectors of the business population
2. "Business Turnover and Causes of Failure," SURVEY April 1947.
SURVEY OF CURRENT BUSINESS
J.muarv 19r>4
with respect to these changes. In broad perspective, however, the picture is not too different among industry divisions.
In all major industries entry rates are subject to wider
swings than are discontinuance rates. It follows that the
pattern of change in the number of firms in operation is more
affected by increases or decreases in the rate of new firm
formation than through changes in business discontinuance
rates.
As would be expected, the changes from one year to another in the entry rates tend to be opposite from the movements in discontinuance rates, hence the impact of those
changes is additive in their effect on movements in the number of firms in operation. The chart also suggests that the
levels at which new and discontinuance rates tend to be
15
equal—or the "sustaining" turnover rates—-do not change
much over time but vary considerably by industry.
Industry differences in sustaining turnover rates appear
to be directly related to the comparative ease of entry into
these industries and to the relative sensitivity of industries
to changes in business conditions. Other things being equal,
it would appear that the chances of survival are generally
better in industries with low sustaining turnover rates.
A fair estimate of sustaining turnover rates may be obtained by averaging the entry and discontinuance rates for
1952—a year of comparative stability in the business population. In examining these rates, it should be borne in
mind that turnover rates also vary considerably by size of
firm, and that exceptionally high sustaining turnover rates
Table 4.—Number of Firms in Operation June 30 and Dec. 31 by Detailed Industry, 1944—51
[Thousands]
1944
1948
19 47
1946
,945
19 49
1951
1950
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
JlllH'
2995. 4
3110.0
3242. 5
3512. 1
3651.2
3795. 1
3872. 9
3964. 7
3984. 2
3999. 5
4008. 7
4050. 9
4007. 3
Alining and quarrying
31.7
32. 2
32. 7
33. 9
34.4
35. 1
36. 2
37.5
37. 5
30. 9
30. 7
37. 0
37. 0
37. 5
Contract construction
160. 1
1 74. 8
199. 0
250. 7
268. 1
294.6
310.3
332. 5
338. 9
348. 8
352. 5
374. 5
377. 3
390. 7
M ami facturing . .
253. 1
258. 4
264. 0
287. 5
302. 5
313. 7
315.4
321.0
322. 5
320. 4
317. 0
321.1
322. 8
328. 8
37. 3
7 3
32. 1
5.4
37. 1
7 5
32. 4
5. 6
36. 9
7 8
34. 1
5.9
37.7
8 6
37. 5
6. 6
38. 3
9 1
38. 7
6.8
39. 1
9.2
39.4
6.8
39. 0
9. 2
39. 7
6.9
39. 7
9. 3
39. 5
6. 8
40. 3
9. 3
39. 5
40. 5
40. 5
9.2
39. 4
6.4
40. 4
9. 3
39. 1
6. 3
40. 2
9.3
38. 9
0. 3
40. 2
9.3
39. 0
6.4
38.7
8 92
3
34.9
38. 9
8 3
3 3
35. 4
39. 2
8.7
3 4
35. 8
43. 7
9.9
3 5
37. 3 -
46. 6
11.1
3 6
38. 4
49.8
1 2. 0
52. 3
12.8
3 7
40. 4
51.8
13.0
38
40. 9
49.8
12. 9
3 9
41.2
47.8
39. 4
49.7
1 2. 3
3 7
39. 8
38
41 . 6
49. 9
12.8
3 9
41.9
50. 9
12.7
3.9
42. 0
54. 3
12.7
3.9
42.2
._
9.7
.8
8.3
9.9
.9
8.5
10.2
.9
8.8
10.7
.9
11.4
11.2
.9
12.7
11.4
.9
13.6
11.5
n
13! 8
11.7
.9
13.8
11.8
1.0
13.6
11.8
1.0
13. 4
11.9
1.0
13.3
11.9
1.0
13.4
12. 0
1.0
13.3
12. 1
1. !
13.:!
15! 3
19.8
4.7
15.8
19.9
5. 2
17.5
21.2
5. 6
19.0
21.8
5. 7
20. 2
22. 6
5 7
20.7
22.8
5.7
21.2
23. 4
--- --
4.6
14.6
18.3
4.3
3. 6
2. 7
.9
18.2
3.6
2.9
.9
19.0
q 7
32
.9
19.8
4.2
3.8
.9
22.2
4.8
4. 1
1.0
23. 9
5. 2
4.2
1.0
24.5
5.3
4.2
1.0
24. 5
5. 3
4.2
1.1
24. 4
21. 5
23. 5
4.9
5.4
4.3
1. 1
24. 6
5. 6
21.7
23. 5
4.8
5. 2
4.3
1.1
24. 3
5.5
21.8
23. 2
4.9
5. 1
4.3
1.1
24.1
5.4
22. 3
23. 5
5.0
5.1
4.4
1. 1
24. 4
5.4
22.6
24.2
5.1
5. 1
4.3
1.2
24.3
22! 9
25. 4
5. 3
5.2
4.4
1.2
24.4
All industries
Food and kindred products
Textile mill products
Apparel and other finished textile products
Leather and leather products
.
Lumber and timber basic products
Furniture and finished lumber products
Paper and allied products
Printing and publishing . . . _
.
. -
Chemicals and allied products
Products of petroleum and coal
Stone clay and glass products
Primary metal industries
Fabricated metals
Machinery except electrical..
Electrical machinery
... -Transportation equipment
Professional, scientific, and controlling instruments
Rubber products
Miscellaneous '
- ._
:«!:•]
6. 5
1116.9
Transportation, communication, and other public utilities
137. 5
144. 3
150.6
163. 9
168. 6
173. 6
175.9
179.5
180. 1
178.8
177. (i
1 79. 4
180. 7
183.3
'Wholesale trade
186. 0
196. 7
208. 9
231. 1
242.8
252. 0
254. 8
258. 3
260. I
262. 1
2(53. 3
266. 3
268. 6
373. 7
1356. 2
1400.8
1458. 4
1563.5
1627. 0
1690. 3
1730. 0
1769.8
1782. 7
1793. 7
1802. 8
1817. 4
1820. 9
1836. 1
62. 3
275. 6
27.9
66. 1
63. 4
283. 8
28.5
64.5
290. 6
29. 5
68. 9
66. 3
305. 1
31.3
72.8
68. 0
316.3
32.5
74.9
69. 5
327. 6
33. 4
78.1
70.7
333. 9
33. 8
80. 1
71.8
340. 1
34.0
82.1
72. 0
338. 9
33. 6
82.4
72.4
338. 6
33. 8
83.2
73.2
340. 3
33. 9
83.7
73.8
341 . 4
34.1
84.5
74. 2
340. 2
34. 1
84.2
74. 7
34L3
34. 0
84.8
42.9
154.4
15. 1
43. 9
160. 7
16. 1
40. 2
171.4
1 7. 3
52.7
187.4
20. 0
56.2
196.8
21.9
60. 0
205 6
23.2
62.6
210.4
23.7
65. 6
214.8
24.2
66. 4
216.8
24.4
65.0
219. 3
24.7
62.3
221.0
25. 0
01 . 6
222 2
25. 0
02. 5
221 . 9
26. 1
64. 2
224.8
26. 4
71.4
13.4
73. 0
13. 5
13! 5
77.2
14.0
79.1
14.4
80.2
14.8
81.8
15.3
83. 3
15.9
85. 0
16. 5
86. 0
16.8
86. 8
17. 1
87.8
17.3
89.0
17 5
89. 2
17.6
18. 3
40. 5
12.7
34. 6
18.6
42.8
15.1
36. 0
19.3
45. 5
21.4
37. «
21.4
50. 0
30. 2
41.4
22. 5
52. 5
34.4
43.4
23. 6
55. 0
37. 3
45.3
24.2
56. 5
38. 6
47. 0
24.9
58. 6
39. 7
48.6
59! 9
40.1
49.5
25. 8
61.2
40. 0
50. 4
26. 2
61 . 8
40.4
51.2
27.3
62.8
41.4
52.8
27.8
63. 2
42. 0
53. 8
28. 2
64.4
43.4
55. 0
287. 3
52.1
17.3
294. 1
52. 3
18.9
303. 5
52. 2
21 . 5
321.2
52.7
24.7
329. 0
52. 8
341.5
53. 0
28. 5
349. 9
53. 4
29.5
358. 7
53. 7
30. 1
362. 0
53. 8
30. 5
364. 5
53. 9
31.3
304. 6
54. 1
32. 6
307. 0
54. 3
33. 4
304. 8
54. 2
34. 0
305. 0
54. 0
34. 5
Retail trade
General merchandise
Grocery, with arid without meats
Meat and seafood
..
_
Other food
Motor vehicles
Filling stations _ _ _ _
A u t o m o t i v e parts and accessories
__
Apparel
Shoes
Lumber and building materials
Hardware and farm implements
Appliances and radios
Home furnishings ....
E a t i n g and drinkino places
Drugs
..__..
-_ ..
Liquor
.
. _
_
._
164.5
172.5
180. 7
195. 1
205. 5
213. 6
218.7
223. 7
225. 6
226. 8
228. 5
230. 2
231.3
233. 0
Finance, insurance, and real estate
303. 2
311.0
314.9
321 . 4
321.4
321.9
322. 4
324. 1
323.6
322. 7
322. 9
325. 7
320. 9
330. 3
Service industries
567. 6
591.8
613. 9
660. 1
686. 6
714. 0
728. 0
742.0
738. 6
736. 2
735. 3
735. 5
733. 0
730. 3
63. 8
65.5
158.4
61.7
63. 4
68. 0
163.4
62. 2
63. 4
70.2
165.8
62.8
64.4
75.7
171.9
65.1
64.2
80.5
176.0
65. 9
65. 6
85. 2
179. 3
67. 4
66.9
87.7
179.6
68. 5
68.0
90. 3
179.2
70.2
67.5
90.8
177.4
70.7
67.6
91.0
175. 8
71.2
67. 1
90.9
176. 3
71.7
60. 8
91.0
170. 0
72. 1
66. 9
91.2
175.5
71.8
68. 6
91.5
176.4
72. 2
65.8
52. 1
54 5
11.1
34 7
69. 9
55. 8
62.3
11.2
35 6
74. 2
6L7
67.8
11.5
36. 6
81.9
71.2
79. 1
11.9
39. 0
87. 3
76. 5
84.7
12.1
39.3
92.8
80. 5
90. 0
12.5
40.6
96. 0
81.5
91.6
12.7
43.5
99 5
82.4
91.8
12.9
47.6
100. 2
81.6
88. 3
13.1
48.9
100. 5
80.5
80. 0
13.6
50. 1
100. 1
79.3
85. 2
13.8
50.9
99.7
78.9
84. 0
14.3
52.0
99. 7
77.7
84.0
14.5
51.8
99. 6
77. 2
83. 9
14. 5
52.4
Miscellaneous retail
Hotels and other lodging places__
_
Laundry, cleaning and garment repair
Barber and beauty shops - _ _ _
Other personal services
Business services
Automobile repair., _ _ _ _ _ _
Miscellaneous repair
Motion pictures
Other amusements
_ _ __
_ ___
1. Includes tobacco manufactures.
Source: U. S. Department of Commerce, Office of Business Economics estimates, based
primarily on data from the U. S. Department of Health, Education and Welfare, Bureau of
Old- Age and Survivors' Insurance.
SUEVEY OF CURRENT BUSINESS
16
January 1954
Table 5.—Number of New, Discontinued, and Transferred Businesses, by Detailed Industry, 1945—50
[Thousands]
New businesses
Discontinued businesses
1945
1946
1947
1948
1949 1950
1945
1946
1947
1948
1949
1950
1945
Transferred businesses
1
1946
1948
1949
1947
19.50
422.7
617.4
460.8
393.3
331.1
348.2
175.6
208.7
239.2
282.0
306.5
289.6
473.2
626.9
571.9
501.3
434. 7
Mining and quarrying
4.0
4.7
4.9
5.3
3.6
4.1
3.0
3.1
3.1
4.0
4.5
3.7
2.4
2.8
2.9
2.9
2.4
2.3
Contract construction
55.8
95.1
73.8
65.0
54.2
64.1
16.9
26.0
31.6
36.3
40.7
39.2
9.9
18.2
18.1
17.0
15.7
14.8
Manufacturing
All industries
419.4
37.2
62.8
39.7
34.6
25.8
30.0
26.4
24.3
26.8
27.4
30.8
24.7
21.3
37.3
31.3
28.9
21.9
20. 6
Food and kindred products
Textile mill products
Apparel and other finished textile products
Leather and leather products
1.9
.8
5.8
12
3.8
1.6
8.0
1 4
3.5
3.5
1.6
3^8
5
2.5
.3
3.4
5
2.7
.7
3.8
6
2.2
.6
4.2
2 0
7
4 2
1.8
.6
4.3
6
2.9
.5
3.0
6
4.5
1.1
4.9
8
4.2
.6
3.2
6
5.6
.4
2 7
4
2 7
4!l
5
2.3
.3
3.8
3.7
4^8
6
2.2
.6
4.0
4
2^4
3
2.2
.3
Lumber and timber basic products
Furniture and finished lumber products
Paper and allied products
Printing and publishing
88
1.4
3
2.2
15 5
3.1
5
35
11.5
1.9
2
2.3
10.9
1.4
3
2.3
7.1
1.0
2
2.1
10.8
.9
2
1.9
8.4
.9
2
1.3
8.1
.6
2
.9
8.4
.7
2
1.0
8.8
.8
1
1.2
11 0
1 3
2
1.4
7.7
.9
.1
1.4
3.4
5.4
1.7
.3
5.0
4.8
1.5
.2
3.9
4.4
1.3
.2
3.8
3.3
1.0
.1
3.2
3.5
.9
.1
3.0
1.0
.1
1.3
1.4
.1
5.3
.9
0)
2.5
.9
.1
1.3
!l
1.0
.7
.1
.9
.6
.1
.8
.4
0)
1.3
.5
0)
1.5
.6
0)
1.4
.7
(0
1.3
.5
.1
.9
.6
.1
.6
•;
1.0
.1
1.8
.7
.1
1.4
.6
.1
1,1
.0
.1
1.0
.7
23
4.0
4
.6
1.3
40
4.0
6
1.5
.5
28
2.5
5
.8
.4
2 2
2.2
5
.5
.2
17
1.4
4
.3
.3
21
2.1
5
.4
.6
11
2.5
3
.4
.5
9
2.0
3
.4
.4
11
1.5
6
.4
.3
1 4
1.5
4
.4
.5
1 4
1.8
4
.6
.3
1 3
1.1
3
.4
.4
1.1
2.4
2
.3
.8
2.3
29
2 2
.7
2.7
3
.5
.5
2.3
2.3 !
.3 i
.4 |
.3
1.7
1.5
.2
.3
.3
1.8
1.5
2
.3
.7
1
3.5
1.0
2
5.9
.4
1
2.9
.3
1
2.4
.3
1
2.1
.3
1
2.1
.2
.1
1.9
2
'l
1.8
o
'l
2.3
2
'1
2.3
.3
1
2.5
.2
1
2.0
.3
.1
1.3
.6
.2
3.3
.2
.1
1.8 !
2
!l
.2
.1
2^4
1.6
L5
Transportation, communication, and other public
utilities
26.7
37.4
26.9
23.9
18.5
21.4
13.5
19.5
19.6
19.7
21.0
18.3
11.9
15.6
14.7
13. 0
Wholesale trade
30 2
45.2
29.8
24.4
21.1
21.6
7.3
11.4
17.7
19.1
18.0
16.3
15. 7
25.6
20.4
17.3 |
Chemicals and allied products
Products of petroleum and coal
Stone, clay and glass products^ . _ ...
_.__
Primary metal industries
Fabricated metals
Machinery except electrical
Transportation equipment, __ _
Professional, scientific, and controlling instruments __ . _ _ _ _
Rubber products
Miscellaneous 2
.. _ _. .__
. _ _ ..
.2
2. 7
.3
'A
!
! 11. i
10.2
16.0
14.4
286. 1
277. 8
161.4
234.1
179.5
151.2
135.5
133.0
59.2
65.5
76.5
98.5
115. 5
115.0
307.6
399.2
374.8
327. 0
General merchandise
_ . _ _ - _ - Grocery with and without meats
Meat and seafood
__
Other food
3.4
25.1
2.9
6.4
4.6
34.6
4.1
10.3
4.0
27.5
3.0
9.9
3.3
20.5
2.3
7.9
3.3
18.7
2.3
7.1
3.2
15.9
2.1
6.7
1.2
10.1
1.2
3.6
1.1
8.8
1.1
4.3
1.3
10.0
1.7
4.7
2.0
15.5
2.5
5.6
2.2
17.3
2.0
5.8
2.1
16.1
1.9
6.3
6.7
67.3
4.2
10.5
8.6
93.3
6.1
14. 1
6.6
80.3
5.2
13.4
5.5
62.0
4.7
11.7
5.3 |
53. 8 !
3. Q !
9.5
5.2
49. 9
3.6
9.1
Motor vehicles
Filling stations
_ __
Automotive parts and accessories
5.6
23.3
2.7
12.6
32.0
5.2
10.2
21.4
3.0
9.3
17. 1
2.3
5 2
17! 5
1.9
6.3
17.7
2.2
2.3
6.2
.5
2.6
6.5
.6
3.8
7.8
1.2
5.4
10.8
1.6
9.4
13.4
1.3
6.2
16.8
1.1
3.3
62.8
1.9
7.2
83.0
3.5
9.5
79.0
3.6
8.8
69.1
2.6
7.3
59. 3
2. 1
7.1
58.2
2.4
Apparel
Shoes
6.0
5
8.0
12
6.8
15
7.3
1. 7
6.9
1.5
7.3
1.4
2.7
.4
3.6
.3
4. 1
.5
4. 1
.5
5. 1
.9
5.0
1.0
5.7
.9
7.5
1.3
6.7
1.2
6.6
1.3
6. 5
1.4
7.0
1.3
Lumber and building materials..
Hardware and farm implement*
Appliances and radios
Home furnishings
1.7
5 7
9 2
4.3
3.9
76
13 7
76
2.7
4.7
5.9
6.0
2.4
4.1
4.1
5.3
2.3
3.1
3.4
5.2
2.8
3.2
4.4
5.5
.6
.7
.5
1.2
.7
1.1
1.3
2^6
2.8
1.2
1.8
2.8
2.9
1.3
6.6
2.7
3.3
2.3
8.8
5.6
5.0
2.0
8.3
5.5
4. 7
4^0
4.4 I
1.9
6.8 :
3.2 !
4. 1
2. 1
l'.7
2.3
1.4
1.2
3.1
3.4
1. 7
'.7
1.9
35.7
1.3
4.8
48 8
2 0
5.9
44.6
1.7
3.6
40.1
1.8
2.3
35.5
1.7
3.5
33.5
1.6
2.6
19.5
1.2
.6
23.3
1.4
.8
23.7
1. 1
.8
28. 1
1.4
1.2
32.9
1.4
1.5
33.3
1.6
1.2
99.6
5.3
4.7
112. 6
6. 1
6.0
111.5
5.0
6.3
103. 5 :
4.9
6.6 ,
90. 3
4.6
6.4
Retail trade
_-
_. .
Eating and drinking places
Drugs
_
Liquor
- - - - - -
7.2
3. 1
4. 1
86.8
4.9
6.7
22.9
31.9
23.1
19.3
16.3
16.5
6.7
7.0
9.8
12.5
13.4
13.7
20.9
28.2
25.8
22.2 i
19.5
19.3
Finance, insurance, and real estate
22.9
21.4
15.9
16.0
14.7
18.6
11.2
15.0
14.9
14.7
15. 5
14.5
21.5
21.0
16.1
16.6
15.5
16.1
Service industries
Miscellaneous retail
84.5
116.6
90.3
72.9
57.5
55.5
38.3
43.9
49.0
62.3
60.7
57.8
82.9
107.1
93.6
78.5 1
66. 0
Hotels and other lodging places _
Laundry, cleaning and garment repair
Barber and beauty shops
Other personal services - _ __ _ _
4.2
8.0
15.9
5.3
5.6
13.8
19.0
7.7
5.8
11.0
13.5
7.4
4.8
8.3
10.7
6.9
4.2
6.4
9.9
5.3
4.7
5.7
9.7
4.8
4.6
33
8.5
4.2
4.8
3.5
8.8
4.6
3.1
3.8
10.0
4.8
4.2
5.3
12.9
4.7
4.7
6.3
11.0
4.3
5.0
5.4
10.4
4.7
11. 1,
11.6
25.7
6.8
12.7
17.9
31.9
8.5
13.0
15.5
25.4
7.3
11.0
13.3
20.5 i
8.9
11. 1
17.5 :
9. 4
10.4
Business services
Automobile repair
Miscellaneous repair
Motion pictures
Other amusements __ . _
14.1
12.8
18.2
.6
5.5
19.7
19.5
23.2
1.0
7. 1
15.4
12.4
15.5
1.0
8.3
12.3
8.6
9.3
1. 1
10.8
9.8
6.0
7.0
1.3
7. 7
9.2
5.4
7.6
1.4
7.1
5.7
3.2
4.9
2
3^6
6.7
4.6
6.3
.3
4.4
6.6
8.2
8.5
12.6
.7
5.4
9.8
8.2
10.1
.6
5.8
9.6
7. 1
8.8
.7
6.2
4.9
8.9
7.0
1.0
6.1
7.2
11.8
9.5
1.3
6.5
7.4
9.7
8.8
1.2
5.3
6.9 ;
7.3
5.9
1.0
5.1
5.3
5.3
4.7
1.1
4.5
!
!
!
!
'
5.1
4.6
4.3
1.2
4.4
-
_ _ _
_-_
-
1. Less than 50.
2. Includes tobacco manufactures.
may indicate industries in which small businesses predominate as well as industries in which the risk is quite high.
Among the major industry divisions, contract construction has by far the highest sustaining turnover rate, 146 per
thousand, and the finance division by far the lowest, 52.
The postwar demand for construction has been very large
and the construction division is also characterized by
numerous small concerns.
The sustaining turnover rate for the transportation
division, 122, is also comparatively high. It should be
remembered that although this industry division includes
the railroads and other large public utility companies, the
many small taxicab and trucking concerns predominate in
number.
8^6
.5
4.1
;
63. 1
!
7.5
16.0
7.6
Source: U. S. Department of Commerce, Office of Business Economics estimates, based
primarily on data from U. S. Department of Health, Education and Welfare, Bureau of
Old-Age and Survivors' Insurance.
The sustaining turnover rate for manufacturing as a whole
is only slightly higher than that found for all industries
combined. Since manufacturing is usually found highly
responsive to changes in business conditions, the rate is
surprisingly low and is probably a reflection of the comparatively larger size of the average manufacturing concern.
Among the manufacturing groups, lumber appears exceptionally volatile, the sustaining rate for apparel manufacturing
is the next highest among the manufacturing groups.
Printing and publishing and food and kindred products have
the lowest sustaining turnover rates among the manufacturing groups.
Retail trade and the service industries have the same
(Continued on page 24)
i lew or r\eviiea
STATISTICAL SERIES
Business Inventories
JL HE following tables present revised estimates of business
inventories during the 1950-53 period. In addition, an
intensive review of the seasonal adjustment factors has
resulted in revision of the seasonally adjusted monthly
estimates back to 1946.
The new estimates of manufacturers' and wholesalers7
inventories are directly comparable to the revised estimates
of manufacturers' and wholesalers' sales published in last
month's SURVEY. That issue described more fully the new
data used in these revisions. The general statistical procedures in estimating monthly inventories are little changed
from those described in previous SURVEYS.
Table 1.—Inventories of Retail Stores by Kind of Business, 1950-53—New Series Revised
[Millions of dollars]
All
retail
stores
End of period
Total
Lumber,
Auto- buildmotive up
group hardware
group
Durable goods J
Nondurable goods!
Durable goods 1
Furniture
and
appliance
group
Total Apparel
group
All
General retail
merFood chanstores
group
dise
group
Total
Lumber,
Auto- buildmotive ing,
group hardware
group
Unadjusted
Nondurable goods 1
Furniture
and
appliance
group
Food
Total Apparel
group group
General
merchandise
group
Seasonally adjusted
1950: December
18, 699
8, 161
2,628
1,993
1,789
10, 538
2,247
2,333
3,008
19, 945
8,823
2,791
2,270
1,883
11,122
2,471
2,211
3, 510
1951 : January
February
March
April
May
June
19, 595
20, 838
22, 453
22, 677
22, 559
21, 656
8,405
8,758
9,769
10, 165
10, 228
9,968
2,646
2,697
3,031
3,192
3,273
3,159
2,101
2,187
2,446
2, 509
2,503
2,482
1,855
1,964
2,149
2,231
2,219
2,166
11,190
12,080
12, 684
12, 512
12, 331
11, 688
2,396
2, 733
2,776
2,790
2,782
2,602
2,445
2, 585
2,655
2,381
2,319
2,216
3,239
3,590
3,878
4,039
3, 958
3,687
20, 632
21,217
21,812
21,995
22, 354
21,850
8,734
8,847
9,413
9,550
9,779
9,726
2,676
2, 706
2,938
3,000
3,080
3,079
2,237
2,184
2,299
2,326
2, 375
2,385
1,926
2,006
2,101
2,119
2. 175
2,125
11,898
12, 370
12, 399
12, 445
12, 575
12, 124
2, 653
2,848
2,755
2,786
2, 845
2,719
2,477
2,532
2,512
2,442
2,457
2,325
3,595
3,725
3,744
3,854
3,895
3, 840
21,038
21,463
21, 573
22, 193
22, 433
19, 904
9,761
9,656
9,428
9,647
9,608
8,989
3,099
3,099
2,940
2,992
3,057
3,007
2,494
2,464
2,426
2,508
2,353
2,143
2,061
1,978
1,965
1,978
1,984
1,827
11, 277
11,807
12, 145
12, 546
12, 825
10, 915
2,459
2,758
2,796
2,885
2,920
2,299
2,084
2,095
2,305
2,396
2,504
2,426
3,637
3,819
3,888
3,964
3,954
3,025
21, 673
21, 778
21, 427
21,310
21,241
21, 239
9,787
9,732
9,681
9,733
9,707
9,715
3,099
3,086
3,074
3,102
3,188
3,191
2,447
2,460
2,478
2,555
2,432
2,438
2,076
2,020
1,990
1,941
1,948
1,925
11,886
12, 046
11, 746
11,577
11, 534
11,524
2,684
2,680
2,609
2,581
2, 551
2,529
2,203
2,297
2,282
2, 260
2.319
2, 300
3,859
3,852
3,701
3, 583
3,509
3, 548
20, 079
20, 773
21, 642
21, 481
20, 922
20, 333
9,306
9,589
9,961
10, 088
9,729
9,431
3, 113
3,165
3,276
3,346
3,158
2,989
2.315
2,462
2,584
2,575
2, 519
2,495
1,824
1,844
1,883
1,912
1,869
1,835
10, 773
11, 184
11, 681
11. 393
11, 193
10, 902
2,230
2,449
2,525
2,438
2,420
2,224
2,239
2,360
2,477
2,261
2, 168
2,250
3,242
3,342
3,570
3, 623
3,541
3,319
21, 107
21, 127
21, 002
20, 811
20. 671
20, 506
9,656
9,676
9,592
9,472
9,288
9,201
3,142
3, 173
3, 177
3,143
2,970
2,914
2,466
2,462
2,429
2 388
2,389
2,396
1,894
1,883
1,841
1.816
1,832
1,803
11,451
11, 451
11, 410
11,339
11, 383
11, 305
2,467
2,546
2, 503
2,433
2,473
2,325
2.268
2,311
2 343
2,319
2,297
2,361
3, 594
3,473
3,451
3,472
3,461
3,451
19, 741
19, 914
21, 116
22, 287
22 775
20, 234
8,834
8,667
9,075
9,512
9, 708
9, 162
2, 591
2,463
2,747
2,946
3,006
2,987
2,427
2,381
2,353
2,347
2,378
2,219
1,838
1, 861
1,897
1,991
2,011
1,876
10, 907
11, 247
12, 041
12, 775
13, 067
11, 072
2,180
2, 469
2,626
2,773
2,878
2,265
2, 197
2,117
2,384
2,468
2,465
2,428
3, 339
3,494
3,784
4,094
4, 197
3, 154
20, 321
20, 228
20, 971
21, 395
21, 540
21, 592
8,859
8.745
9, 316
9, 601
9,780
9,906
2,591
2,451
2,868
3,051
3,134
3,171
2,381
2,381
2,407
2,407
2,462
2,523
1,854
,902
,922
,954
,961
,977
11, 462
11, 483
11, 655
11 794
11, 760
11, 686
2,380
2,399
2,451
2,479
2,513
2.490
2,322
2,321
2,360
2,328
2,282
2,301
3,528
3,518
3.598
3,700
3,733
3,685
20, 476
21, 347
22, 649
23, 161
22, 760
22, 141
9,540
10, 059
10, 698
11, 228
11, 028
10, 737
3,186
3,354
3,539
3,801
3,751
3,667
2,321
2,501
2,691
2,768
2,712
2,678
1,899
1,960
2,066
2,155
2, 111
2,017
10, 936
11, 288
11, 951
11, 933
11, 732
11, 404
2, 258
2,324
2,521
2,533
2,432
2,396
2,271
2,291
2,351
2,202
2, 187
2,130
3,305
3,616
3,895
4,028
3,931
3,685
21,518
21, 707
21, 981
22, 387
22, 455
22, 294
9,897
10, 149
10, 303
10, 543
10. 526
10, 472
3,215
3,363
3,431
3,569
3,528
3,573
2,471
2,497
2,529
2, 567
2,572
2,574
1,973
2.003
2, 020
2.048
2,070
1,980
11, 621
11, 558
11, 678
11, 844
11, 929
11, 822
2,500
2,418
2,500
2,528
2,487
2,506
2,301
2,244
2,224
2,258
2,317
2.235
3, 656
3, 756
3, 770
3,851
3,851
3,824
22, 112
22, 448
23, 023
23, 584
_ _ _ 23, 638
10, 706
10, 547
10, 615
10, 589
10, 402
3,810
3,749
3,762
3,727
3,626
2, 604
2,533
2,466
2,365
2,293
1,966
1,947
2,013
2,065
2,010
11, 406
11, 901
12. 408
12, 995
13, 236
2,406
2, 667
2,758
2,878
2,936
2, 094
2,145
2,347
2, 453
2,483
3,710
3,861
4,035
4,260
4,267
22, 743
22, 775
22. 924
22, 720
22, 439
10, 730
10, 624
10, 921
10, 727
10, 522
3,810
3,737
3,937
3,875
3,785
2,555
2,531
2,520
2,424
2,375
1,981
1,987
2,038
2,028
1,978
12, 013
12, 151
12, 003
11, 993
11, 917
2,628
2,593
2,573
2,573
2,563
2,214
2.352
2,324
2.314
2,299
3,923
3,897
3,842
3,857
3,800
- -
July
August
_ _ _ ._ _ -.- _
September
October _ _ _ - _ _
November
December
_ . . . _
1952: January
February
March .-.
April
May
June _
- -
_ __
July
August
September _._
October
November
December. _ _ ___
If 53: January
February
March
April
May
June
_ __. .
July
August
September
October _ .
November
__ _
-
1. Group totals include data for kinds of business not shown separately.
Source: U. S. Department of Commerce, Office of Business Economics and Bureau of the Census.
284207°—54
3
17
SURVEY OF CURRENT BUSINESS
18
The new estimates of the value of retailers' inventories
for the 1951-53 period are monthly interpolations and
extrapolations of the year-end 1951 and 1952 data prepared
by the Bureau of the Census. The data and a description
of the probability sample used in their preparation (as well
as measures of sampling variability) are shown in that
Bureau's release "Annual Retail Trade Report: 1952."
The new series on retail inventories is directly comparable
in scope to the currently published retail sales series.
The data for year-end 1950 are based on the relative
changes between December 31, 1950, and December 31, 1951,
in the value of inventories reported in the 1951 Census probability sample for those organizations in business at the
beginning and end of 1951 (see Bureau of the Census's
"Annual Inventory Report: 1951."
It may be noted here that these estimates differ from those
formerly prepared by this Office in that the "old" series was
linked to the various Censuses of Business while the "universe" estimates of the "new" series are based on blown-up
sample data. A comparison of the two sets of estimates for
December 31, 1950, is shown in table 2.
The new estimate of business inventories at the end of 1950
is $63.7 billion, as compared to the previous estimate of $62
billion. About one-half of this upward revision was made in
wholesalers' stocks. The values of manufacturers' and retailers' inventories were raised by 1 and 2 percent, respectively. The trend in inventories and in stock-sales
ratios after 1950 is only slightly changed by these adjustments. It may also be noted that these new estimates for
1950, 1951, and 1952 were incorporated in last July's revision
of the national income and product data.
January lJ)r>4
Table 2.—Retail Inventories, 1949-52—New and Old Series, by Kind
of Business *
[Millions of dollars]
New series 2
Old series 3
Kind of business
United States, total
1950*
1951
1952
1949
1950
18, 699
19, 904
20, 234
14, 570
18,414
Food group
Eating a n d drinking places. . _ _ _ _ _ _ . _ _
General merchandise group
Department stores, including mail-order
Variety stores
O ther general merchandise stores ...
2,333
497
3,008
1,673
528
807
2,426
503
3, 025
1,698
522
805
2,428
473
3,154
1,732
543
879
1,774
357
2,484
1,332
399
753
2,234
469
3,040
1,579
508
952
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family clothing and other apparel stores
Shoe stores
2,247
691
613
510
433
2,299
723
634
502
440
2, 265
704
638
503
420
1,815
524
460
474
357
2,136
588
509
636
403
Furniture and appliance group
Furniture, home furnishings stores _
Household appliance, radio stores
Lumber, building, hardware group
._ _ Building materials dealers, plumbing, electrical stores ._
_ _._
_
Hardware stores
1,789
1,185
604
1,993
1,827
1,190
637
2,143
1,876
1,183
693
2,219
1,217
845
372
1,706
1,808
1,228
580
2,340
1,272
721
1,388
755
1,444
775
1,081
625
1,492
848
Automotive group
Motor vehicle, other automotive dealers
Tire, battery, accessory dealers
Gasoline service stations
Drug and proprietary stores
Liquor stores
Jewelry stores _ _ _ _
2,628
2,280
348
466
705
493
461
3,007
2,640
367
508
788
514
472
2,987
2,618
369
533
817
501
507
1,918
1,679
239
346
665
382
498
2,512
2, 224
288
360
708
545
568
1. Differences between the new and old series were described in the November 1952
SURVEY. Totals include data for kinds of business not shown separately.
2. Including warehouse stocks of organizations operating 11 or more retail stores.
3. Revision based on 1950 tax compilations by the Internal Revenue Service.
4. Based on the percentage change from 1950 to 1951 for those establishments reporting both
beginning and end-of-year inventories to the Bureau of the Census "Annual Inventory
Report: 1951."
Source: U. S. Department of Commerce, Office of Business Economics and Bureau of the
Census.
Table 3.—Manufacturers' Inventories, 1950-52
[Millions of dollars; not adjusted for seasonal variation]
Nondurable-goods industries
Durable-goods industries
i$a2
Year and month
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29, 259
29, 220
29, 306
29, 354
29, 574
29, 836
14,011
14,113
14, 219
14, 344
14, 558
14, 735
2,152
2,080
2, 051
2, 054
2,063
2,122
1,507
1, 564
1,612
1,669
1,738
1,774
1,525
1, 556
1,573
1, 595
1,664
1,712
3,158
3, 186
3,218
3,222
3, 247
3,251
1,730
1,771
1,805
1,835
1,850
1,818
819
789
775
778
775
762
750
742
715
700
716
748
405
425
438
450
460
472
578
585
589
589
584
579
468
476
497
491
505
511
919
939
946
961
956
986
15, 248
15, 107
15. 087
15,010
15, 016
15, 101
2,801
2,652
2, 653
2 593
2,527
2,480
1,586
1, 562
1, 534
1,497
1,438
1,396
1,983
2 045
2,093
2,106
2,157
2,168
,303
1,313
1,358
1,381
1,426
1, 587
516
508
504
513
538
553
684
690
698
697
691
696
586
580
583
592
601
618
2.040 2.188
29 765
29, 862
30, 735
31, 607
33,146
34, 534
14, 680
14, 643
14, 928
15, 303
16, 044
16. 768
2,197
2, 243
2,308
2,369
2,430
2,444
1,735
1, 686
1, 657
1, 665
1,718
1,779
1,694
1,684
1, 686
1,702
1,800
1,922
3,192
3,168
3,264
3,390
3, 554
3,703
1,794
1, 764
1,806
1,863
2,010
2, 155
770
787
813
850
918
995
772
790
812
832
843
889
471
464
474
476
502
555
580
574
574
586
610
666
498
494
516
525
551
573
977
989
1,018
1,045
1,108
1,087
15, 085
15, 219
15, 807
16, 304
17, 102
17, 766
2, 013
990 1, 336
2, 818 1, 021 1,429
3, 020 ,061 1,572
3,036 ,083 1,652
3,313 1, 125 1,646
3, 508 ,103 1,664
2,135
2,082
2,160
2,302
2, 475
2, 587
1,567
1,498
1, 508
1,572
1,647
1,752
555
539
533
558
605
639
697
702
716
728
745
790
635
636
651
630
624
633
35, 625
36, 196
37, 074
37, 528
39, 144
40, 032
17, 379
17, 808
18, 219
18, 103
19, 496
20, 107
2,400
2, 370
2,312
2,317
2,384
2,408
1,894
1,924
1,978
2,073
2,201
2, 254
1,974
2,033
2,137
2, 254
2,421
2,536
3.888
4,019
4,146
3,581
4,340
4,536
2,258
2,278
2,288
2,368
2,449
2,505
1,080
1, 126
1,199
1,249
1, 326
1,377
872
879
875
893
916
939
597
614
626
644
684
687
690
718
636
751
763
789
594
622
648
670
696
728
1,132
1,225
1,274
1.303
1,316
1,348
18, 246
18, 388
18, 855
19, 425
19, 648
19, 925
3, 545
3,439
3,467
3, 559
3,453
3, 464
1,155
1,166
1,211
1,257
1,266
1,250
1,702
1, 693
1,676
1.651
1,599
1, 556
2,774
2,906
3, 070
3,270
3, 402
3,421
1,821
1,846
1,914
2,003
2,037
2,178
672
660
680
696
725
738
810
830
863
879
892
930
40, 902
41,428
41,714
42, 065
42, 425
43, 123
20, 653
21, 128
21, 500
21, 823
22, 130
22, 689
2, 533
2,621
2,738
2.812
2,826
2,904
2. 258
2,262
2, 259
2,259
2, 252
2,331
2, 604
2.674
2,687
2,718
2,752
2,824
4,672
4, 796
4,921
5, 042
5. 188
5,289
2,556
2, 567
2,613
2, 655
2,700
2,778
1, 458
1, 563
1, 629
1,729
1,832
1,875
972
989
976
968
955
994
681
668
656
646
639
641
803
806
813
805
810
852
734
755
778
778
790
805
1,382
1,427
1,430
1,411
1, 386
1,396
20, 249
20, 300
20, 214
20, 242
20, 295
20, 434
3, 651
3,848
3, 885
3,939
3, 964
3, 917
1,274
1,276
1,283
1,297
1,313
1,303
1,518
1, 552
1,613
1,706
1,755
1,793
3, 417
3,283
3,169
3,088
3,017
2,925
2,200
2,073
1, 963
1,881
1, 850
1,896
718
680
659
628
623
608
1952: January
43, 520 23, 015 2,891 2,344
February
43, 730 23, 325 2,913 2,449
March.,- . . 43,918 23,598 2,906 2,526
43.790 23.735 2,920 2,554
April
May
43,671 23, 906 2,998 2, 578
June
43,305 23, 551 3,034 2,444
2,872
2,924!
3,007
3.068
3,113
3,072
5,438
5,504
5, 537
5, 598
5, 581
5,500
2, 845
2,837
2. 845
2,743
2, 775
2, 644
1,957
2, 036
2, 109
2,196
2,247
2,268
957
948
948
918
920
927
667
654
64.7
658
662
656
867
877
896
895
889
882
806
819
819
829
821
820
1,371
1,364
1,358
1,356
1,322
1,304
20, 505
20, 405
20, 320
20, 055
19,765
19. 754
3,807
3, 736
3,638
3,471
3,379
3,407
1,330
1, 361
1,372
1, 376
1,370
1,334
1,841
1,830
1,799
1, 758
1,706
1, 664
2,956
2,891
2,841
2, 816
2,791
2,732
1,974
1,948
1,914
1,867
1,861
1,951
3,012
2,965!
2,966
2,969!
2,968
3, 012:
5,358
5,302
5,294!
5,324
5,356!
5,443!
2, 576
2, 684
2,668
2,681
2,738
2,993
2,318
937
2, 354
967
2,409
974 !
2,576
966!
2,475
994:
2,576 1,018
650
624
623
623
634
632|
858
840i
835 i
818!
820J
851!
790
780
773
811
827|
838
1,274
l,29li
1,285,
1,270!
1,243;
1,389:
19, 882
19,820
19,828
19, 768i
19,948;
20, 075 j
3, 595
3,747
3, 864
3,940
4,004
3,939
1,319
1,310
1,302
1,286
1,273
1,242
1,651
1, 660
1,705
1,772
1,786
1,838
2,710
2,645J
2,645
2,599
2,604
2,568
1,943
1,856
1,742
1, 634
1,617
1.683!
1950: January
February
March
April
May
June
July
August _ _ ....
September. _ _
October
November. _ December
1951: January
February
March_._
April
May
June
July
August
September^. .
October
November. ..
December
July
August
September „ - October
November. ..
December
42,9951
43, 003
43, 072
43, 255
43, 591
44,442
23,113
23, 183
23, 244
23, 487
23, 643
24,367
3,051
3,1051
3,171
3,220
3,317
3,263
2,289
2.271!
2,246;
2,229!
2,2711
2,352
Source: U. S. Department of Commerce, Office of Business Economics.
1,013
1,013
1.009
1,011
989
961
o
o
tf
2,042 2,140
2,026 2,056
2,027 2,012
2,047 2,012
2,060 2, 005
548
562
573
581
590
577
2 027
2,012
2,047
2,142
2,274
2,474
2,013
1,994
2,040
2,081
2,091
2,069
517
488
499
520
557
547
667
677
692
676
715
741
2,477
2,537
2, 620
2, 695
2,732
2, 710
2,044
2,050
2,073
2, 135
2,198
2, 255
579
584
589
6(ty
621
652
963
995
1,004
1,012
1,015
1, 053
774
788
770
737
725
737
2,770
2,782
2,791
2,825
2,884
3,005
2,322
2,366
2,412
2,421
2, 409
2,392
642
657
665
708
740
805
601
574
564
548
554
541
1, 059
l,094i
1,110
1,112
1,091
1,087
733 3,011 2,368
739! 3,031 2, 351
748 3,067 2,393
762 3,037 2,416
763 3,013 2,339
760 1 3,005 2, 397
825
850
874
892
898
876
552
516
484
495
528|
542
1,073
1, 0621
1, 063
1,051
1,055
1,086
758! 2,950!
758 2,9121
755 2,867
744!
2,861:
739: 2, 911 1
716: 3,015!
2,459
872
2,503
2,573
851
828
2,572!
2,5981
2, 569
814
833
877
SURVEY OF CURRENT BUSINESS
January 1954
19
Table 4.—Manufacturers' Inventories, 1946-47 1
[Millions of dollars; adjusted for seasonal variation]
Furniture and finished
lumber products
Food and k i n d r e d
products
Beverages
Tobacco
Textile mill products
Apparel and related
products
Leather and products
Paper and allied products
Printing and publishing industries
Chemicals and allied
products
Petroleum and
products
344
359
372
370
392
401
307
311
315
305
309
308
614 9, 657
632 9,913
653 9,983
676 10, 093
705 10, 246
752 10, 303
1, 694
1,760
1,737
1.744
1, 775
1,807
636
637
632
631
630
635
1,147
1,171
1,173
1, 165
1,191
1,194
1,350
1,390
1,411
1,454
1,501
1, 554
787
816
825
838
873
783
362
365
368
379
374
368
445
464
477
478
473
478
320
336
343
349
368
363
1,403
1,425
1,434
1,454
1,457
1,494
1, 152
1,184
1,208
1,213
1,225
1,250
361
365
375
388
379
377
10, 404
10, 772
11,151
11,490
11,760
11.997
2,280
2,306
2, 352
2,398
2, 405
2,445
778
802
812
836
870
880
1,210
1,275
1,338
1,399
1,466
1,523
2,229
2, 316
2,426
2, 504
2,575
2, 604
1,334
1,389
1,424
1,453
1,442
1,446
747
766
764
807
823
826
287
307
328
336
354
372
434
451
468
485
501
506
322
330
372
374
396
406
783
830
867
898
928
989
10, 955
11,342
11, 535
12, 240
12, 429
12, 460
2,009
2,079
2,079
2, 452
2,514
2.411
705
748
748
774
778
806
1,211
1,241
1. 214
1,213
1,238
1,214
1,650
1, 738
1,786
1, 822
1,811
1,798
858
885
918
,027
,032
,071
408
398
394
421
435
460
500
521
533
536
539
547
377
390
391
408
423
436
1,558
1,604
1,664
1,722
1,760
1,807
1, 282
1,319
1,363
1,398
1, 425
1,437
397
419
445
467
474
473
25, 276 12, 470
18,211 8,554
18, 900 8,987
19, 270 9.287
19, 613 9,520
-. 19, 963 9,717
20, 367 10, 064
July
August
September
October
November
December
1947: January
February
March
April
May
June
July
August
September
October
November
December
21, 359
22,114
22, 686
23, 730
24, 189
24, 457
c
0
02
1
C-l
Rubber products
Miscellaneous
§1
coal
Lumber and basic lumber products
225
217
231
247
256
268
f
|
3o
45
"bib
.
Transportation equipment excluding motor vehicles
731
712
702
690
710
752
a
and
Motor vehicles
equipment
1,090
1,112
1,147
1, 212
1, 218
1, 264
1
P.
Electrical machinery
1, 8«3
1,918
1,998
2,059
2,109
2,166
Nonferrous metals and
•
products
636
900
947
644
989
682
705 1,055
720 1,108
747 1, 158
Total manufacturing
1,824
2,135
2,198
2,201
2,190
2,248
Year and month
1946: January
February
March
April
May- - -.
June
Nondurable goods industries
Machinery excluding
electrical
Durable goods industries
25, 814
26, 334
26, 949
27, 392
27, 644
12, 765
13, 055
13,316
13, 617
13, 868
2,530
2, 569
2,617
2,676
2,704
2,748
932
936
946
954
959
965
1,589
1,628
1, 678
1,733
1,775
1,810
2, 695
2, 734
2,792
2,868
2,937
2,996
1,495
866
1, 541
920
1,601
928
1,611
959
1,676 1,011
1,728 1,020
395
402
412
422
436
449
524
536
547
554
554
559
418
441
454
453
466
471
1,026
1, 058
1,080
1,086
1,099
1,122
12, 806
13, 049
13, 279
13,633
13, 775
13, 776
2,506
2,592
2,639
2,739
2,782
2,697
827
832
857
862
890
907
1,233
1,253
1,272
1,287
1.291
1,312
1,843
1,851
1, 865
1,905
1,888
1, 887
1.087
1,106
1,121
,150
1,120
1,107
452
465
464
477
477
485
559
579
592
610
621
632
440
448
462
480
503
518
1,887
1,933
1,968
2,030
2, 083
2,095
1,479
1,487
1, 517
1, 543
1, 559
1,574
493
503
522
550
561
562
27, 805
28, 174
28, 187
28, 367
28, 721
28, 874
13, 998
14, 176
14, 191
14, 326
14, 340
14, 298
2,759
2,794
2,798
2,808
2,826
2,819
953
947
944
943
935
934
1,836
1,839
1,835
1, 844
1,834
1,819
3,054
3,113
3,130
3.176
3, 195
3,233
1,771
1,842
1, 858
1,869
1.866
1,778
454
446
457
455
464
501
567
564
564
590
600
621
479
483
482
511
519
513
1, 122
1,113
1,092
1,092
1,086
1,080
13, 807
13, 998
13, 996
14, 041
14, 381
14, 576
2,697
2, 726
2,719
2,760
2,783
2,771
888
877
907
900
921
928
1,306
1,313
1,282
1,283
1,308
1,309
1,881
1,859
1,838
1,823
1,917
1,971
1,092
1,193
1, 222
1,218
1,298
1,353
485
490
489
484
512
524
653
672
681
682
697
715
515
523
522
529
535
546
2,121
2,154
2, 150
2,143
2, 185
2,186
1,605
1,632
1, 637
1,664
1,680
1,701
564
559
549
555
545
572
1,003
1,035
1,031
1,038
1,015
1,000
1. For description of 1948 change in industry classifications, see SURVEY OF CURRENT BUSINESS, October 1951. Source: U. S. Department of Commerce, Office of Business Economics.
Table 5.—Manufacturers' Inventories, 1948-52
[Millions of dollars; adjusted for seasonal variation]
Durable-goods industries
bJD
Year and month
lufacturi
a
03
"cS
0
EH
1948: January
February
March
A.pril
May
June
July
August
September- -October
November-- December .._
1919: January
February
March
April
May
June
July
August
September--October
November- .December
1950: January
February
March _ __
April
May
June
July
August
September. ..
October
November. _ _
December .. -
£
o3
1
03
g
§S
•d «
>>
"3
0
%
B
x
*1
Is
"I
>/_£
ll
!«! II
c3
£ C3 03
•E ft
,0
AH
H
P,
ii
{H
O oj
n llJfl
.^ 03
C3 03
3
n $
O
£j
s
*
»3
§ S's'S
ft
EH
i-3 ®
fl
%
ll
If
Nondurable-goods industries
-d
L
ii
.^ o
^a
bJD
-3
£8
35
"ft
j-i
§1
PH
m
3
M,
O -4J 03
W fl g
jl'-H
2
AH
isa
'o
I*4 o
•Sg
^ft
-T3
03 O
13
O
0
EH
'o'S
&H
bJO
2
03
(>
03
PQ
3
c3
,O
0
^ ft
^
as
«i~
13
1
V)
°30
XS
if
rt a fta
03
•2Jj|j
JH-§ j§
AH
AH
^
03 "o
^fcjO'
n8
3
o
3
Snd
1ft
go,
2^
03 ;3
Q*
08
AH
T3
O
£*
£5
3
AH
29, 022
29, 163
29, 482
29, 647
29, 987
30 272
14, 274
14, 291
14, 388
14, 455
14, 532
14, 694
1,972
2,004
2,031
2,012
2,067
2,104
1, 490
1, 461
1, 472
1, 485
1,482
1,522
1,784
1,786
1,781
1,767
1,759
1,762
3,246
3,287
3,316
3,341
3,333
3, 357
1,824
1,829
1,835
1,826
1,840
1,870
1,003
985
970
957
948
948
618
642
674
695
700
712
386
393
400
402
412
410
522
536
532
536
548
553
463
966
915
453
923
454
962
472
454
989
453 1,003
14, 748
14, 872
15, 094
15, 192
15,455
15, 578
2,990
2,914
2,872
2,812
2, 846
2,878
1,299
1,290
1,303
1,341
1, 351
1,382
1,995
2,054
2,127
2,149
2,182
2,206
1, 286
1,293
1,362
1,442
1,530
1,524
523
543
543
528
527
537
714
725
733
744
753
755
546
563
570
579
585
581
2,130
2,158
2,203
2,180
2,197
2, 170
1, 755
1,811
1, 835
1,878
1,926
1,968
572
582
598
590
590
595
30, 670
30 979
31, 264
31.513
31,664
31,693
14, 924
15,158
15, 348
15,503
15,711
15, 737
2,140
2, 187
2,248
2,263
2,301
2,290
1,577
1,595
1,630
1,680
1,752
1,772
1,791
1,806
1,818
1,827
1,837
1,825
3,419
3,478
3, 503
3,526
3,584
3,586
1,862
1,898
1,923
1,916
1, 947
2,002
945
939
947
930
944
941
744
776
774
814
817
792
416
418
416
422
414
416
561
572
581
594
598
606
468
479
488
488
479
478
1,001
1,010
1,020
1,043
1,038
1,029
15, 746
15,821
15, 916
16,010
15, 953
15, 956
2,838
954 1,391
2, 804
947 1,446
955 1.497
2,820
978 1,528
2,810
2,820 1,000 1, 492
2,833 1,012 1,471
2,216
2,229
2,212
2,202
2,178
2,198
1,572
1, 570
1,539
1, 532
1,451
1,401
544
552
552
546
526
525
792
794
799
802
810
807
586
580
573
581
570
582
2,212
2,204
2,209
2,207
2,217
2,207
2,034
2,075
2,116
2,180
2,236
2,274
607
620
644
644
653
646
31,974
32, 088
31,841
31 508
31, 166
30, 633
16, 077
16, 240
16, 148
15 969
15, 704
15, 348
2,312
2,348
2,407
2,430
2,451
2,402
1,754
1,779
1.784
1, 752
1,689
1, 666
1,841
1,890
1,864
1,829
1,761
1,707
3, 625
3,649
3,639
3,574
3,496
3,431
2,095
2,116
2, 107
2,016
1,963
1,920
948
954
926
926
932
940
855
865
812
845
848
776
455
452
438
417
401
384
622
635
622
623
623
616
498
502
513
526
513
511
1,072
1,050
1,036
1,031
1,027
995
15, 897
15.848
15, 693
15, 539
15, 462
15, 285
2,729
2,685
2,663
2,623
2,595
2,604
1,018
1,006
1,022
1,007
997
994
J,481
1,481
1.474
1,491
1,485
1,493
2,210
2,203
2, 190
2, 131
2,097
2,020
1,376
1,334
1,256
1,232
1, 265
1,274
531
528
520
510
514
510
798
787
788
778
788
769
574
579
569
561
570
564
2,222
2,228
2,208
2,178
2,131
2,072
2,330
2,395
2,380
2,408
2,403
2,380
628
622
623
620
617
605
30 187
29, 820
29, 338
29,022|
28, 741 j
28,860
15 109
14. 801
14,469
14,155
13,887
13,974
2 348
2,292
2,200
2,138
2,121
2, 143
1,652
1,622
1,604
1,536
1,501
1,516
1,678
1,636
1,579
1, 556
1,535
1,540
3, 387
3,354
3, 292
3,227
3,187
3,146
1,864
1,816
1,763
1,676
1,593
1, 732
926
907
909
894
879
839
747
731
710
743
743
720
380
379
381
378
383
387
612* >
595
586
581
566
567
511 1,004 15, 078 2, 538 1, 013
499
970 15,019 2,612 1,018
498
947 14, 869 2,592 1,015
480
946 14, 867 2,643 1,000
988
909 14, 854 2,619
470
995
468
916 14, 886 2,651
1,442
1,502
1,524
1, 506
1,477
1,474
1,967
1,916
1,858
1,902
1,962
1,988
1,261
1,235
1,256
1,244
1,260
1,258
507
500
500
495
487
495
744
726
703
692
674
672
551
548
531
539
565
558
2,081
2,064
2, 042
2,014
2,019
2,022
2,376
2,316
2,281
2,279
2,240
2,205
598
582
567
553
563
568
28,959
29,021
29, 188
29,295
29, 518
29, 753
13,954
14,047
14, 130
14,198
14, 344
14, 574
2, 134
2,101
2,139
2, 134
2, 118
2,161
1, 516
1,564
1,587
1,620
1,640
1,698
1,540
1,574
1, 561
1,569
1,612
1,657
3,127
3,144
3, 165
3, 158
3,183
3,219
1,716
1,736
1,769
1,798
1,814
1,800
821
796
772
767
771
768
735
742
722
714
739
763
397
416
429
437
447
458
567
574
572
578
578
573
473
471
487
481
495
501
928
929
927
942
947
976
15, 005
14, 974
15, 058
15, 097
15, 174
15, 179
2,685 1,013 1,496 1,979
2,636 1,003 1,488 2,021
999 1, 489 2, 057
2,737
991 1,497 2,065
2,771
970 1,482 2,106
2,751
2,684
961 1, 470 2, 142
1,303
1,310
1,351
1,371
1-412
1,478
511
506
506
519
531
535
684
683
684
690
698
696
592
585
583
586
595
600
1,994
2,002
1, 992
2,000
2, 035
2,048
2,210
2,184
2,098
2,053
2,032
2,005
538
556
562
554
562
560
29, 814
30, 124
31,018
31, 954
33, 378
34,314
14, 653
14, 768
15, 125
15. 529
16, 294
16, 780
2,206
2,219
2,260
2,294
2,345
2,364
1,691
1,703
1,711
1,737
1,814
1, 843
1,667
1,685
1,703
1,743
1,856
1, 961
3,213
3,243
3,342
3,447
3.614
3, 715
1,798
1,800
1,846
1,920
2,068
2, i51!
771
794
819
845
918
991
780
782
804
824
835
863
467
469
493
500
528
561
580
580
592
617
629
660
503
504
526
536
556
573
977
989
1,029
1,066
1,131
1,098
15, 161
15, 356
15,893
16,425
17,084
17, 534
2, 708
2,821
2,927
2,915
3,100
3, 282
1, 460
1, 464
1,542
1,669
1, 764
1, 837
539
540
554
584
608
628
697
702
723
742
752
782
623
623
645
643
650
646
2, 053
2,061
2,116
2,201
2,308
2,414
2,013
1, 974
2,000
2,041
2, 050
2, 049
528
503
525
554
568
547
See footnote at end of table.
938
939
948
949
968
982
1,010
1,042
1,072
1,083
1,125
1.114
1,422
1,520
1,604
1,620
1,613
1,600
2,108
2,106
2,185
2,373
2, 546
2,635
SUKVEY OF CURRENT BUSINESS
20
J a n u n r v 10.14
Table 5.—Manufacturers' Inventories, 1948-52 1—Continued
[Millions of dollars; adjusted for seasonal variation]
Durable-goods industries
Tobacco
Textile mill
products
Chemicals and
allied products
Petroleum and
coal products
1,904
1,924
1,947
2,012
2,076
2,157
1,994
2,062
2,123
2,217
2,342
2,454
3, 852
3,968
4,080
4,197
5, 255
4,491
2,240
2,233
2.244
2,317
2,401
2,480
1,082
1,135
1.192
1.232
1,318
1,387
855
879
884
911
944
958
585
602
613
626
665
667
676
703
714
736
755
781
600
616
635
657
682
714
1.143
1.213
1,249
1,277
1,303
1,335
17,943
18, 184
18, 762
19, 494
19, 828
20,015
3. 389
3, 383
3, 526
3,754
3, 735
3. 741
1.155
1,154
1,199
1,233
1,241
1,250
1,606
1,613
1,627
1, 651
1,649
1,638
2*768
2,870
3,014
3,206
3,323
3,382
1,824
1,844
1,906
1,993
2.022
2, 028
666
657
683
704
715
714
810
822
846
870
901
930
673
684
692
669
708
720
2,420
2,487
2,577
2,660
2,715
2,724
2, 065
2,092
2,115
2,178
2,220
2, 255
567
578
577
576
599
633
40, 935
41, 788
42,131
42, 569
42, 775
42, 904
20, 612
21,321
21,801
22, 162
22, 498
22, 729
2,546
2,596
2, 683
2,726
2, 730
2,810
2,202
2,285
2,330
2,354
2, 382
2, 415
2,560
2.673
2,714
2,783
2,837
2,882
4,702
4,907
5, 035
5, 126
5,274
5,309
2,561
2,620
2,672
2,737
2,777
2,773
1,459
1,574
1,640
1,717
1.832
1,869
982
980
966
959
946
965
674
675
684
680
673
648
803
814
838
847
835
843
741
770
794
794
798
805
1 . 382
1.427
1,445
1,439
1,414
1,410
20, 323
20, 467
20.
330
9
0, 407
20, 277
20, 175
3, 782
3, 855
3. 763
3. 783
3, 705
3, 672
1.300
1,302
1,296
1,297
1,313
1,316
1,614
1,651
1,646
1,673
1,720
1,724
3*378
3,323
3,208
3.184
3,103
2,979
2,047
2,020
2,006
1.996
1.982
1,987
698
682
686
659
626
597
963
995
1,014
1,033
1,026
1,043
758
773
762
752
756
752
2,806
2,847
2,884
2,902
2. 929
2, 932
2 322
2^342
2, 365
2, 374
2, 362
2, 368
655
677
700
754
755
805
June
43, 107
43, 439
43, 691
43, 597
43, 494
43, 188
22, 934
23, 246
23, 451
23, 469
23, 530
23, 301
2.860
2,942
3,036
3,038
3,078
3,092
2, 356
2,449
2,488
2,480
2,432
2,340
2,901
2,966
2,988
3,017
3,012
2,975
5, 391
5,437
5,448
5.488
5,472
5,445
2,822
2,781
2,789
2, 684
2,720
2,618
1,964
2, 060
2.106
2, 168
2, 231
2,280
938
948
958
937
948
946
654
641
634
638
643
637
850
860
870
878
880
873
814
811
803
812
805
804
1,384
1351
1,331
1,329
1,309
1,291
20.173
20, 193
20, 240
20, 128
19, 964
19,887
3. 643
3, 689
3, 724
3, 686
3. 678
3, 703
1,330
1.347
1,359
1,349
1.343
1,334
1.737
1,743
1,746
1, 758
1,758
1,752
2, 950
2, 857
2,791
2, 760
2,725
2,699
1,974
1,944
1,902
1,850
1,842
1,816
595
571
566
555
547
522
1,059
1,083
1,088
1, 101
1,102
1,087
740
746
748
755
756
738
2,944
2,972
3.017
2,998
2,996
2,988
2, 392
2,399
2,442
2,466
2. 362
2,397
809
842
857
850
855
851
July
August
September...
October
November.-. _
December. _ _
43, 074
43, 380
43, 454
43, 689
43, 885
44, 190
23, 066
23. 382
23, 547
23,817
24, 002
24, 399
3, 066
3, 074
3,108
3,123
3, 205
3.159
2,232
2,294
2,318
2, 324
2,400
2, 436
2. 962
2. 963
2, 996
3,041
3,060
3,073
5, 392
5,424
5,416
5,412
5,445
5, 463
2,581
2, 739
2,728
2, 764
2,817
2, 987
2.312
2, 366
2,421
2, 556
2, 475
2,570
947
957
964
957
985
989
644
631
649
656
667
638
858
848
861
860
845
843
79S
795
788
828
835
838
1,274
1,291
1 . 298
L296
1, 268
l', 403
20, 008
19.998
19.907
19.872
19, 883
19,791
3. "27
3. -40
3. ^07
3. "54
3, -30
3,692
1.346
1.337
1.316
1, 286
1,273
1,255
1,756
1,766
1, 739
1,737
1, 751
1,767
2,677
2,677
2, 677
2, 680
2, 680
2,616
1,814
1.819
1,786
1,735
1 . 730
1. 763
536
519
506
521
530
531
1,073
1,062
1,074
1,072
1,065
1 , 075
fg
760
744 2,986
2, 980
2, 962
2, 939
769 2,958
730 2, 942
2,459
2,478
2,522
9 9
52
2, 547
2, 543
890
877
871
866
850
877
>»
3
g
o
CH
1951: January
February
March
ApriL
May
June
July
August
September...
October
November. _.
December...
1952: January
February
March
April
May
1 S -J
c'3l2£
2 £-3 >
F u r n i t u r e and
fixtures
Bo
i
'"d'cy
'cJ
_p
1. For description of 1948 change in industry classification, see SURVEY OF C U R R E N T BUSINESS, October 1951.
I*
Wholesale
Manufactures
«
o
Z
H
Q
1
£
2"
o
Business sales
2
\
Z
r^
5p
aj2
<~
T3 A
S
M
^i M.§
n
" 'OQ -2
^1
a |
1
|
d,|
'" — H i-
]
Retail
|o
,3^0
Year and month
1
;-<
>
P cr
"o
^ 3
Source: U. S. Department of Commerce, Office of Business Economics.
Table 6.—Business Salts, 1951-53
[Millions of dollars]
Business Silies
rr.
'^
Rubber products
Motor vehicles
and equipment
2.378
2,394
2,417
2,413
2,448
2,453
3
.2 *•?
"5 "S £
Other, including
ordnance
Machinery except electrical
17,309
17,729
18, 098
18. 595
19, 189
19,877
Year and month
a*
Professional and
s c i e n t i f i c instruments
Electrical
machinery and
equipment
35, 252
35,913
36, 860
38, 089
39,017
39, 892
£5
Stone, clay, and
glass products
Fabricated metal
products
Leather and
products
Nondurable-goods industries
Lumber products
except furniture
bjo
5
r_i
Manufactures
Wholesale
_2
"2"^
o^
£
1
t-1
Z
o
H
c3
3
Retail
3~
O "
2
3
Z
£
Seasonally adjusted
Unadjusted
1951
January
February
March. _
April
May
June
July
August
September
October
November
December
Total
1952
_ _
_ -
__. -
8,014 47, 390
7, 4S3 45, 961
8,803 45, 754
8,078 44, 961
8,512 45,510
8, 538 43, 956
45, 074
42, 201
47, 118
43, 824
45, 827
44, 375
18, 104
17, 180
19, 668
18, 393
18, 924
18, 433
26, 969
25, 020
27, 450
25, 432
26, 904
25, 941
22, 414
21, 509
23, 959
22, 060
22, 794
21, 996
12, 273 10, 030
11,637 8,975
12, 353 9,733
11,341 9,230
11,822 9,740
11,321 9, 113
3, 348
3,075
3,439
3,217
3,170
3,031
6, 682
5,900
6, 294
6,013
6, 570
6, 082
12, 630
11,717
13, 426
12, 534
13, 293
13, 266
4,616
4, 233
4, 623
4, 456
4,782
4,727
41, 085
45, 805
44, 021
48, 191
45, 187
45, 145
16, 093
18, 345
17, 533
19, 562
17, 837
17, 226
24, 991
27, 460
26, 488
28, 628
27, 350
27, 918
19, 887 9,039 10, 848 8, 834
22, 629 10, 423 12, 206 9,908
21,701 9, 913 11,788 9,217
24, 210 11,388 12, 822 10, 123
22,317 10,511 11,806 9, 479
20, 984 9, 935 11,048 8,786
2, 766
3,188
3, 125
3,428
3,091
2,748
6, 068
6,720
6, 092
6, 695
6, 388
6, 038
12, 364
13, 268
13, 103
13, 858
13,391
15, 375
4,288 8, 075
4, 734 8,534
4, 495 8, 608
4, 746 9, 111
4, 235 9, 156
4, 543 10, 832
10, 140
9,872
11,606
10, 720
10, 972
10, 675
19, 479 27,911 22, 678
18, 752 27, 208 22, 118
18, 953 26, 801 22, 882
18, 322 26, 639 22, 406
18, 329 27,181 22, 821
17, 797 26, 160 22, 039
10, 480
10, 174
10, 893
10, 668
10, 752
10, 398
12, 198
11,943
11,989
11, 738
12, 069
11, 642
10, 685
9,984
9,710
9,670
9,710
9,004
3, 739
3, 399
3,380
3,213
3,105
3,000
6, 946
6, 585
6, 330
6, 457
6, 605
6,004
14, 027
13, 859
13, 162
12, 885
12, 979
12, 913
5, 260
5, 179
4, 680
4,441
4,472
4,399
8, 767
8, 680
8,482
8,444
8,507
8,514
43, 039
44, 223
43, 598
44, 895
44, 991
43, 799
17, 205
17, 797
17, 420
18,010
18, 061
17, 272
25, 834
26, 425
26, 178
26, 885
26, 930
26, 527
21, 724
21, 902
21,553
22, 356
22, 448
21,603
10, 099
10, 343
10,010
10, 552
10,680
10, 115
11, 625
11,558
11,543
11,804
11,768
11,488
8,519
9,247
9,053
9, 309
9,304
9,129
2,883
3,067
3,012
3,021
3,029
2, 906
5, 636
6,180
6, 041
6, 288
6,275
6, 223
12, 796
13, 074
12, 992
13, 230
13, 239
13. Of>7
4, 223
4, 387
4, 398
4,437
4, 352
4,251
8, 573
8, 687
8,594
8,793
8,887
8,816
537, 851 217,299 320, 551 266, 460 125, 194 141,265 113, 168 37, 626 75, 542 158, 223 54, 479 103,744
June
42, 885
42, 708
44, 627
45, 190
45, 657
44, 887
16, 809
17,332
18,270
18,917
19,354
18, 482
26, 074
25, 376
26, 357
26, 273
26, 303
26, 404
22, 164
22, 372
23, 138
22, 930
22, 471
21, 581
10, 396
10, 756
11,322
11,326
11,179
10,378
11,767
11,616
11,817
11,604
11, 292
11,202
8,877
8, 592
8, 753
8,864
8,836
9,492
2, 620
2,709
2, 809
3,018
2, 951
2,982
6, 257
5,883
5,944
5, 846
5, 855
6, 510
11,844
11,744
12,736
13.396
14. 350
13,814
3, 793
3, 867
4, 139
4, 573
5, 224
5,122
8, 050 45, 081
7,877 45, 541
8,596 44, 370
8,823 45, 451
9, 126 45, 366
8, 692 45, 217
18,016
18, 402
17, 950
18, 493
18, 879
18, 101
27, 065 22, 434
27, 140 22, 676
26, 420 22, 408
26, 959 22, 956
26, 487 22, 628
27, 116 21, 750
10, 752
10, 872
10, 805
11,062
11,025
10, 219
11,682
11,805
11, 603
11,895
11,603
11,531
9, 477
9,444
8,929
9, 132
8,888
9,453
2, 900
2 922
2,833
2,937
2,927
2,999
6, 577
6, 522
6.096
6, 195
5,961
6,454
13, 170
13,421
13,033
13, 363
13, 850
14,014
4,364
4, 608
4,312
4,494
4,927
4,883
8,806
8,813
8,721
8,869
8,923
9, 131
July
August
September
October _ _ _ - .
November
December
43, 562
45, 317
48, 127
51, 980
46, 919
51, 100
16, 475
17,913
19, 998
21, 739
19, 465
20, 961
27, 087
27, 403
28, 128
30, 241
27, 453
30, 139
19,978
22, 458
24, 652
26, 679
23, 579
24, 547
8,876
10, 608
12, 069
13,071
11,883
12, 608
11,102 10,188
11,849 9,411
12, 582 9. 855
13, 608 10, 482
11,696 9,332
11,939 9,643
2,972
2, 895
3, 259
3, 552
3, 068
3, 139
7,216
6, 516
6, 596
6,930
6,264
6, 504
13, 396
13, 448
13, 620
14,819
14, 008
16,910
4,627 8,769 44,814
4,410 9,038 44, 664
4,670 8,950 46. 871
5,116 9. 703 48, 579
4,514 9, 493 47, 657
5, 214 11,690 48, 781
17,280
17, 901
19.396
20, 098
20, 268
20, 604
27, 534 21, 498
26, 763 22, 270
27, 474 23, 921
28, 482 24, 651
27, 389 24, 271
28, 177 24, 706
9,770
10, 810
11,878
12, 126
12, 361
12, 536
11,728
11,460
12, 042
12, 526
11,910
12, 170
9,649
9, 035
9,380
9,726
9,360
9,665
3,016
2,892
3,013
3, 128
3, 138
3, 197
6.633
6, 143
6,367
6. 598
6,222
6,468
13, 667
13, 359
13, 570
14, 202
14, 026
14,410
4,494
4,199
4, 505
4,844
4, 769
4,871
9,173
9,160
9, 065
9, 358
9, 257
9, 539
January
February
March
April
May
Total
552, 959 225,716 327, 241 276, 548 134, 473 142, 075 112,325 35, 974 76, 351 164, 085 55, 270 108,815
1953
January
February
March
April
May
June
45, 536
44, 636
50, 113
49, 732
49, 147
50, 553
19, 158
19,564
21,966
22, 129
21, 657
22, 289
26, 378
25, 072
28, 146
27, 602
27, 489
28, 264
24, 008
24, 065
26, 759
26, 295
25, 468
26, 058
12, 021
12, 345
13,813
13, 702
13, 178
13, 586
11,987
11, 720
12, 946
12, 593
12, 290
12, 473
8,474
8,242
9,398
9,270
9,014
9,917
2,687
2,862
3,184
3,288
3,079
3,223
5, 787
5,380
6,214
5,982
5, 935
6,694
13, 054
12, 329
13, 956
14, 167
14, 665
14, 578
4, 450
4, 357
4,969
5, 139
5, 400
5,480
8, 604
7,972
8,986
9,027
9,264
9,097
47,819 20, 518 27,301 24, 507
48, 533 21,131 27, 402 24, 724
49, 671 21, 492 28, 178 25, 763
50, 188 21, 726 28, 461 26, 360
49, 395 21, 405 27, 990 25, 816
50, 001 21, 427 28, 574 25, 880
12, 507
12, 666
13, 117
13, 398
13, 148
13, 164
12, 000
12, 057
12, 646
12,961
12, 668
12, 716
9,172
9,295
9,471
9,548
9,155
9,709
3,011
3,161
3, 164
3,204
3,103
3,160
6,161
6,134
6,307
6,344
6,052
6,549
14, 140
14,514
14,437
14, 280
14, 424
14,412
5, 000
5,304
5,211
5,124
5, 154
5, 103
9,140
9,211
9, 225
9, 156
9, 270
9,309
July
August
September
October
November
49, 271
48, 840
50, 005
51,719
47, 370
20, 846
20, 770
21,216
21, 886
19, 489
28, 426
28, 070
28, 790
29, 833
27, 881
24, 700
25, 278
26, 164
26, 835
24, 123
12,318
12, 485
12,917
13, 223
11,741
12, 383 10, 186
12, 793 9,386
13, 247 9,759
13,612 9,933
12,382 9,218
3,150
3, 096
3,296
3,344
2,973
7,036
6,290
6,463
6,589
6, 245
14, 385
14, 176
14, 082
14, 951
14, 029
5, 378
5, 189
5,003
5, 319
4,775
9,007 50, 399 21, 665 28, 734 26, 367
8,987 48, 138 20, 735 27, 402 25, 067
9,080 48, 653 20, 614 28, 039 25, 380
9, 632 48, 289 20, 387 27,902 24, 990
9, 254 47, 897 20, 134 27, 763 24, 559
13,410
12, 729
12, 698
12, 376
12, 098
12, 957
12, 337
12, 682
12, 614
12, 461
9,563
8,998
9,291
9,259
9,146
3,153
3,092
3,051
2,982
2,994
6,410
5,906
6,240
6,277
6, 152
14, 469
14, 073
13, 982
14, 040
14, 192
5,102
4,914
4, 865
5, 029
5, 042
9,367
9, 159
9,117
9,011
9, 150
1
See SURVEY, December 1953, for description of these series.
Source. U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
January 1954
21
Table 7.—Wholesale Inventories, Unadjusted 1949-53; and Seasonally Adjusted, 1946—53
[Millions of dollars]
All wholesale trade
Merchant wholesalers
Nondurable goods
Durable goods
End of period
Total
Durable
goods
Nondurable
goods
Total
Total
LumAuto- ber and
buildmotive ing materials
House
Electrical
goods
Hardware
fur-
nishings
Jew^el-
ry
Beers,
wines,
Total
Paper
products
Tobacco
products
goods
liquors
Drugs
and
sundries
646
710
754
736
729
767
396
393
392
415
424
432
422
193
199
205
212
214
209
206
1,045
1, 051
1,049
1, 079
1,069
1, 089
1,054
185
191
203
205
214
216
225
118
125
125
124
121
121
118
1,106
1,060
1,035
1,014
1,024
1,028
1 , 038
725
772
796
838
841
905
396
509
565
587
565
488
207
222
232
247
241
233
1,024
1,162
1,251
1,308
1, 300
1,266
218
220
213
215
217
224
120
139
133
144
152
141
1,111
1,242
1,305
1,386
1,434
1 , 456
Appar-
Machinery
and
metals
el and
dry
and
and
Food
All
other
Unadjusted
3,531
3,712
3,834
3, 999
4, 111
4,219
4,273
4, 382
4,399
4,385
4, 433
4, 418
4, 445
4,443
7, 220
7,575
7,802
7,913
8,043
8,103
3, 531
3,712
3,834
3, 999
4,111
4,219
4,273
567
568
576
581
596
602
591
525
563
595
644
615
646
696
480
506
572
580
591
338
378
406
434
437
443
435
175
183
192
204
216
218
217
153
155
157
168
169
182
182
1,328
1,396
1,428
1, 462
1, 506
1, 548
1,561
3, 689
3, 729
3,741
3,803
3,802
3, 824
3, 830
8,553 ! 4,099
9, 035
4,062
9, 425
4, 165
9,891
4,390
10,240
4, 634
10, 474
4, 858
4,454
4, 973
5, 260
5, 501
5, 606
5,616
7,900
8,328
8, 660
9,115
9, 384
9,571
4,099
4, 062
4, 165
4,390
4, 634
4,858
584
592
594
635
668
690
686
670
679
708
734
763
491
471 |
500
549
648 !
713
406
388
384
419
446
467
223
188 I
188
200
213
241
188
213
233
236
228
199
1,521
1, 540
1,587
1, 643
1,697
1,785
3, 801
4,266 1
4,495
4,725
4, 750
4,713
June
10,867
11,096
11,302
11,537
11,622
1 1 , 470
5, 097
5,274
5, 579
5,831
6, 032
6,043
5, 770
5, 822
5,723
5, 706
5, 590
5, 427
9,951
10,214
10,484
10, 757
10, 882
10, 777
5, 097
5,274
5,579
5, 831
6,032
6, 043
722
738
769
806
816
798
905
935
998
1, 023
1,042
1,012
720
770
861
962
1, 013
1,032 i
502
553
574
608
621
605
262
246
263
258
274
298
206
217
253
245
241
954
1,780
1,815
1,861
1,929
2, 025
2, 044
4,854
4,940
4,905
4, 926
4, 850
4, 734
945
962
996
1,029
1,042
1, 053
558
613
663
638
601
559
239
250
264
263
256
251
1, 292
1,325
1, 261
1,336
1,329
1,315
222
223
227
241
244
253
145
147
145
142
145
141
1,453
1, 420
1,349
1,277
1,233
1, 162
July
August
September.
October
November.December..
11,472
11,320
11,375
11,401
11,337
11,068
6,001
5, 850
5, 761
5, 669
5, 585
5,551
5, 471
5, 470
5,614
5, 732
5, 752
5,517
10, 757
10, 572
10, 573
10, 556
10, 470
10, 207
6,001
5,850
5,761
5, 669
5,585
5,551
806
780
773
779
784
777
999
953
921
883
886
881
998
938
903
866
822
779
590
561
541
528
510
504
292
286
266
252
227
218
254
259
269
266
239
203
2, 062
2,073
2,085
2, 095
2,117
2, 189
4,756
4, 722
4,812
4, 887
4,885
4, 656
1,033
958
905 !
850
756
548
545
606
610
661
585
251
259
270
273
253
243
1,332
1,272
1,287
1,338
1,342
1,282
254
254
259
254
257
251
142
149
146
157
163
149
1, 196
1,285
1 , 339
1,405
1,432
1,390
1952: January
11,257
February . 11,042
March
11, 123
\pril
10, 952
Mav
10, 703
June
I 10,719
5, 823
5,776
5,923
5, 969
5, 830
5, 677
5, 434
5,266
5, 200
4,983
4,873 !
5,042 j
10, 439
10,272
10, 413
10,2^0
10,084
10,086
5, 823
5, 776
5, 923
5, 969
5, 830
5, 677
803
822
823
832
830
810
922
851
904
870
859
838
836 I
845
873
888
819
770
549
578
59K
584
572
546
241
230
235
237
224 1
217 1
208
209
215
205
197
192
2, 264
2,241
2, 275
2 353
2, 329
2,304
4,616
4, 496
4, 490
4?, 321
4*254
4,409
822
799
815
798
779
847
564
533
549
534
557
535
249
253
268
269
261
258
1,252
1,254
1,276
1, 215
154
150
152
151
146
160
1,313
1,242
1, 153
1, 074
1,027
1, 107
1949: December..
1950: January
February
March.'
April
May
June
July
August
September.
October
November.
December.
1951: January
February ...
March-*-..
April
Mav
7,913
8,111
8,219
8, 432
8, 529
8,664
8,716
7,441
445
469
732
777
l', 224
262
265
277
280
283
278
July
August
September.
October
November..
December _ _
10, 794
10, 943
11,185
11,445
11,584
11,310
5,448
5,461
5,474
5, 420
5,496
5,541
5,346 ! 10,087
5,482 ! 10, 169
5,711 10,329
6,025 10,522
6,088 10,588
5,769 10,388
5,448
5,461
5, 474
5, 420
5,496
5,541
783
789
793
790
799
793
848
834
808
807
809
843
706
706
706
700
731 \
721 !
513
502
502
491
493
482
201 !
198 i
205 1
199
217
222
203
224
230
233
224
187
2, 194.
2, 208
2, 230
2,200
2, 223
2, 293
4, 639
4, 708
4, 855
5, 102
5, 092
4, 847
837
834
807
874
798
832
524
516
527
549
610
498
258
257
270
280
272
258
1,294
1,314
1, 362
1,426
1,384
1, 299
280
276
268
266
266
255
149
148
160
164
166
156
1,297
1,363
1,461
1,543
1 , 596
1,549
1953: January. _ .
February _ _
March . _ ' _ _ .
April
June
11,404
1 1, 504
11,641
11,493
11,433
11,453
5,763 i 5,641
10,535
6, 002
5, 502 10, 696
6,243
5,398 ! 10,892
6,264
5.229 ! 10,811
6, 259
5, 174 ! 10,790
6,127
5,326 | 10, 791
5,763
6, 002
6,243
6,264
6, 259
6, 127
780
810
828
841
851.
853
862
894
933
938
934 !
871 !
777
855
909
954
925
898
536
579
604
609
607
598
266
283 !
287 :
294 l
284
263 !
200
206
221
208
202
202
2,342
2,375
2, 461
2,420
2,456
2,442
4, 772
4, 694
4, 649
4,547
4, 531
4,664
900
882
898
917
899
965
478
460
481
495
505
522
271
276
283
277
269
267
1,245 i
1,256
1,241
1,202 |
1,202
1,203 !
263
264
260
271
278
284
161
162
164
146
157
155
1,454
1,394
1,322
1,239
1,221
1 , 268
July
August
September.
October
November.
11,607
6,107
1 1 , 750
6, 094
12,013
6,077
12,214 : 6,044
12, 189 | 5,905
6,107
6,094
6,077
6,044
5,905
855
847
863
872
856
892 \
876
872
863
846
897
913
907
9,4
8', 5
5S5
575
571
552
523
211
2 .2
262
249
238
218
23 >
L'-±5
249
233
2,
2,
2,
2,
2,
4,779
4,848
5,011 i
5,198 !
5, 283 !
1,008
9S'>
926
895
853 '•
528
529
562
618
669
273
285
298
304
289
1,194
1,191
1,250
1,308 !
1 , 307 i
279
279
279
274
274
154
159
163
164
180
1,343
1,419
1, 533
1, 635
1,711
May
5,500 10,886
5,656 10,942
5,936 ! 11,088
6,170 11,242
6,284 ! 11,188
|
'
!
;
\
396
3S5
357
345
344
I
: January
February.
March...
April..-May
June
July
August--.
September
October ....
November
December
j
•
i
!
1
'•
!
819
812
823
808
843
807
922
906
860
943
942
948
982
922
979
919
1,009
1,087
1,033
1,038
1,094
1, 103
1,067
1,027
SURVEY OF CURRENT BUSINESS
22
January 1954
Table 7.—Wholesale Inventories, Unadjusted 1949-53; and Seasonally Adjusted, 1946-53—Continued
[Millions of dollars!
Merchant wholesalers
All wholesale trade
Nondurable goods
Durar le goods
End of period
Total
Durable
goods
Nondurable
goods
Total
Lumand
Auto- per
buildTotal motive
ng materials
Electrical
goods
Hardware
House
furnishings
Appar- Beers,
MaJewel- chinery Total el and wines,
and
dry
and
ry
goods liquors
metals
Drugs
and
sundries
Food
Paper Tobacand
co
prodproducts
ucts
AH
other
Seasonally adjusted
1948: January
February..
March
April
May
June
7,687
7,572
7, 547
7, 521
7. 510
7, 665
3,210
3,253
3,272
3,288
3,356
3.429
4. 477
4,319
4, 275
4,233
4. 154
4,236
a, 991
6.900
6.907
6,887
6, 877
7,038
3,210
3,253
3,272
3,288
3,3-56
3,429
556
554
549
557
565
586
482
487
501
504
524
542
442
441
449
447
463
482
346
346
347
347
353
362
125
129
128
131
132
148
194
208
203
212
219
231
1,065
1.088
1,095
1.090
1. 100
1,078
3,781
3,647
3, 635
3,599
3,521
3, 609
775
781
804
820
819
897
405
389
400
395
387
392
180
185
186
182
182
181
1,062
987
1, 053
1,035
1,034
1,029
186
187
194
204
211
204
125
129
127
138
129
131
1,048
989
871
825
759
775
July
August
September _
October
November.
December .
7,886
8,055
8,088
8,198
8,252
8,091
3, 495
3,546
3,617
3,690
3,738
3,685
4,391
4,509
4,471
4,508
4,514
4,406
7,268
7,416
7,443
7,552
7,605
7, 459
3,495
3,546
3.617
3,690
3,738
3,685
592
603
615
617
621
607
544
567
583
611
627
588
497
510
513
530
561
540
370
373
375
380
384
381
153
163
172
164
169
172
239
237
227
216
221
213
1,100
1,093
1,132
1,172
1,155
1,184
3,773
3,870
3,826
3,862
3,867
3, 774
887
871
855
860
828
764
386
385
387
396
391
383
182
186
185
178
187
188
1,010
1,084
1,056
1,038
1,040
1,039
207
205
207
208
210
203
124
142
127
133
135
120
977
997
1,009
1,049
1,076
1,077
8,112
1949: January
February . . 8,201
8,054
March
April
7,926
7,866
May
7,875
June
3,803
3,855
3,808
3, 737
3,700
3.703
4.309
4. 346
4, 246
4,189
4,166
4,172
7,499
7,613
7.482
7,357
7,302
7.314
3,803
3,855
3,808
3,737
3,700
3, 703
613
635
616
589
567
564
591
614
580
569
573
548
553
569
551
526
517
508
398
395
377
370
364
356
184
191
192
191
193
196
179
173
187
197
186
208
1,285
1.278
1. 305
1,295
1, 300
1.323
3,696
3,758
3,674
3, 620
3,602
3,611
696
683
650
629
627
614
380
418
402
397
394
393
189
195
194
196
194
196
1,044
1,058
1,074
1,070
1,062
1,056
209
212
206
202
203
200
122
126
126
128
128
128
1, 056
1,066
1,022
998
994
1.024
July
August
September
October- -.
November.
December .
7,865
7,900
7,951
7,841
7,891
7, 940
3,712
3,657
3,656
3,592
3,617
3,682
4, 153
4,243
4, 295
4,249
4,274
4,258
7,289
7,316
7,357
7,250
7,277
7, 324
3,712
3.657
3,656
3,592
3.617
3, 682
574
568
590
581
583
575
546
534
525
520
537
571
492
480
467
453
456
467
372
370
370
370
371
367
199
187
188
194
186
184
207
203
194
184
184
174
1.322
1.315
1,322
1,290
1,300
1, 344
3, 577
3. 659
3. 701
3,658
3,660
3,642
635
650
705
705
*79
673
393
405
398
404
408
403
196
198
198
199
200
203
1.010
1, 055
1,032
1,007
1.035
1,048
203
201
200
200
198
194
124
126
129
127
133
119
1,016
1,024
1,039
1,016
1,007
1,002
1950: January
February..
March
April
May .
June
8, 034
8, 159
8,340
8,581
8,834
8,971
3,719
3.777
3, 849
3, 950
4,065
4,191
4,315
4,382
4,491
4,631
4,769
4. 780
7,412
7, 536
7,699
7, 916
8, 118
8.215
3,719
3.777
3.849
3, 950
4, 065
4, 191
569
568
569
584
595
585
555
580
605
586
620
684
471
478
494
545
554
584
382
387
398
401
410
410
183
192
194
206
208
217
170
168
171
175
188
185
1,389
1,404
1,418
1,453
1,490
1, 526
3, 693
3, 759
3, 850
3,966
4, 053
4.024
705
724
742
729
744
725
413
413
419
435
440
44?
201
203
206
210
213
215
1,064
1,051
1,077
1,111
1,118
1,096
195
207
209
210
210
216
124
126
125
124
123
122
1,001
1,035
1, 072
1,147
1,205
1,208
8,797
July
9, 149
August
9,357
September
•9, 709
October
November 10, 030
December . 10, 462
4,163
4,147
4,244
4, 531
4. 781
5,026
4.634
5,002
5,113
5,178
5,249
5, 436
8. 059
8, 409
8,639
9,010
9.267
9, 663
4. 163
4.147
4,244
4. 531
4,781
5. 026
596
600
603
641
672
699
677
682
709
747
781
811
499
488
518
561
662
717
410
404
404
455
485
519
223
188
188
211
224
254
186
198
206
212
218
226
1, 572
1, 587
1,616
1,704
1, 739
1,800
3,896
4.262
4, 395
4,479
4,486
4, 637
695
760
813
848
901
945
412
510
552
545
488
497
213
222
225
233
241
245
1, 050
1,187
1,226
1.246
1.234
1,260
214
216
213
217
219
236
128
140
132
137
139
143
1,184
1,227
1, 234
1, 253
1,264
1,311
1951: January.-.
February- _
March
April.- -..
May
June
10, 746
10, 960
11,156
11,481
11,726
11,691
5, 083
5, 158
5, 333
5, 536
5,788
5, 929
5,663
5,802
5, 823
5,945
5, 938
5, 762
9,900
10, 109
10, 323
10, 640
10, 880
10,854
5, 083
5,158
5. 333
5,536
5, 788
5, 929
723
728
753
789
806
790
893
910
937
972
1,000
994
722
749
800
854
943
1,017
507
527
527
558
575
571
262
246
250
246
261
298
226
232
258
254
249
258
1,750
1,766
1,808
1,863
1,954
2,001
4,817
4.951
4,990
5, 104
5,092
4, 925
939
951
983
1,018
1.064
996
590
622
668
640
599
590
241
248
259
258
261
261
1.297
1.328
1,257
1,386
1,364
1,376
227
228
232
236
237
243
143
148
146
145
147
146
1. 380
1,426
1,445
1, 421
1,420
1, 313
July
August
September.
October
November.
December.
11,714
11,507
11, 400
11,292
11,192
11,125
6,110
6,006
5,923
5,883
5,797
5,762
5, 604
5.501
5,477
5,409
5,395
5, 363
10,917
10, 728
10, 641
10, 525
10,412
10. 355
6,110
6,006
5, 923
5.883
5,797
5, 762
822
791
786
788
790
787
985
971
962
931
942
931
1,032
998
980
914
873
815
596
584
569
574
554
560
292
286
266
265
239
229
251
241
237
239
229
231
2, 132
2,135
2,123
2,172
2,170
2,209
4,807
4,722
4,718
4,642
4,615
4,593
990
943
925
861
831
790
579
560
,596
571
575
598
259
259
262
258
253
256
1, 340
1,297
1,261
1,269
1, 276
1,274
249
249
259
257
260
151
150
145
149
149
151
1,239
1,264
1,270
1,277
1. 271
1. 260
1952: January _ _
February
March
April
May
June
11,165
10, 956
10, 977
10, 895
10, 775
10, 928
5,828
5,669
5,668
5,677
5, 595
5,565
5, 337
5,287
5, 309
5,218
5.180
5,363
10,411
10, 189
10, 225
10, 156
10. 044
10. 148
5. 828
5, 669
5,668
5,677
5, 595
5,565
803
811
805
815
819
802
909
827
849
827
824
823
839
823
812
791
762
759
555
550
549
536
530
515
241
230
224
226
213
217
229
223
219
212
204
195
2. 252
2,205
2. 210
2,270
2, 243
2,254
4, 583
4, 520
4,557
4, 479
4,449
4, 583
816
791
803
791
795
799
592
563
555
548
567
558
252
250
263
264
266
269
] . 254 i
1,249
1,267
1.253
1.232
1,280
267
270
283
275
275
267
1,52
151
153 i
155
148
165
1,250
1,246
1, 233
1, 193
1,166
1,245
July
August
September.
October
November.
December
11,027
11,069
11,119
11,248
11,362
11,327
5. 551
5.603
5,616
5, 623
5,701
5, 754
5, 476
5, 466
5. 503
5,625
5, 661
5, 573
10. 251
10. 283
10,341
10. 442
10, 491
10. 515
5, 551
5.603
5.616
5.623
5, 701
5,754
799
800
806
799
805
802
836
849
844
851
862
897
727
749
760
737
774
756
518
523
528
534
536
536
201
198
205
209
228
234
201
208
203
210
214
212
2,269
2,276
2,270
2,283 !
2,282 !
2,317
4,700
4,680
4, 725
4, 819
4, 790
4. 761
802
823
824
880
854
871
551
517
514
511
526
507
266
257
262
264
272
272
1.295
1,324
1,323
1,347
1.315
1,293
275
271
268
269
269 ;
268
158
149
159
156
152
158
1,353
1,339
1.375
1.392
1,402
1,392
1953: January
February..
March
April
May,-..--.
June
11.282
11,405
11,488
11,445
11,550
11,713
5,766
5, 890
5,976
5, 951
5. 999
6,007
5, 516
5,515
5, 512
5, 494
5,551
5. 706
10, 482
10, 603
10, 696
10, 684
10, 791
10, 897
5. 766
5, 890
5,976
5, 951
5. 999
6, 007
780
798
810
823
840
844
849
872
879
893
896
856
780
832
847
849
860
885
541
551
554
559
562
564
266
283
273
280
270
263
220
220
226
215
209
205
4,716
2,330
2. 334
4,713
2,387 | 4, 720
2, 332 ! 4, 733
2, 362 i 4, 792
2, 390 I 4,890
893
873
885
909
918
911
501
485
487
507
515
547
274
273
275
272
274
278
1.246
1,253
1.224
1, 235
1, 233
1,252
268
269
265
266
270 1
273
159
163
165
149
159
160
1,375
1,397
1,419
1,395
1,423
1,469
July
August
SeptemberOctober
November -
11,888
11,923
11, 989
12, 041
11,964
6. 223
6,259
6, 245
6, 278
6, 130
5. 665
5, 664
5. 744
5,763
5. 834
11,100
11. 106
11,148
11,192
11.085
6, 223
6. 259
6.245
6. 278
6.130
871
860
879
883
863
879
893
911
910
900
925
967
978
964
918
591
599
601
600
568
264
262
262
262
251
216
220
216
224
223
2,477
2,458
2.398
2,435
2,407
4,877
4, 847
4,903
4,914
4,955
966
973
945
905
913
555
530
549
575
577
281
285
289
287
289
1,226
1,220
1,232
1,246
1,241
274
274
279
277
277
164
160
162
156
165
1,411
1,405
1,447
1,468
1, 493
Source: U. S. Department oi Commerce Office of Business Economics.
264
1
j
!
i
SURVEY OF CURRENT BUSINESS
January 1954
23
Table 8.—Business Inventories
IS
1
c
^
Manufacturing
Wholesale trade
<D
Wi
o>
3
03
1
3
a
2
03 en
j-,^
51
C
0
£
b£
'd
"~Ci
03 cc
I
JHT3
<D
3c
T3 bjo
1
Q
c
O
£
-§
Retail trade
<D
3
'o
H
1
o>
^
o3
^CD
2
03
m
«-iT3
3
13
42
3
03
t-
•53e oa
"«3
Q
fc
1
o
3
O
Total n o n d u r a b l e
goods
1
Year and
month
Total n o n d u r a b l e
goods
[Millions of dollars]
£
o
Manufacturing
T3
o
o
13
"0
Unadjusted
1950
bC
X2
03 M
HT3
42
2
1
^ 6X)
C
0
Q
£
Retail trade
1
'd
o
o
bfi
CO
o>
3"o
1
Q
<S)
5
t~i 73
51
fl
0
£
"o3
'o
42
3
03
3
Q
<o
s
IHT-S
58
^ be
fl
0
£
Seasonally adjusted
5,026
5,436 19, 945
8,823 11, 122
10, 746
10, 960
11, 156
11,481
11, 726
11, 691
5,083
5,158
5,333
5, 536
5,788
5,929
5,663 20, 632
5,802 21,217
5,823 21,812
5,945 21, 995
5, 938 22, 354
5,762 21, 850
8,734
8,847
9,413
9,550
9,779
9,726
11, 898
12, 370
12, 399
12, 445
12, 575
12, 124
20, 323
20, 467
20, 330
20, 407
20, 277
20, 175
11,714
11, 507
11,400
11, 292
11, 192
11, 125
6,110
6,006
5,923
5,883
5,797
5,762
5,604 21,673
5,501 21, 778
5,477 21, 427
5,409 21,310
5,395 21, 241
5,363 21, 239
9,787
9,732
9,681
9,733
9, 707
9,715
11, 886
12, 046
11, 746
11, 577
11, 534
11,524
22, 934
23. 240
23, 451
23, 469
23, 530
23, 301
20, 173
20, 193
20, 240
20,128
19, 964
19, 887
11, 165
10. 956
10, 977
10, 895
10, 775
10, 928
5, 828
5,669
5, 668
5,677
5,595
5, 565
5,337 21, 107
5,287 21, 127
5,309 21,002
5,218 20, 811
5,180 20, 671
5,363 20, 506
9,656
9,676
9,592
9, 472
9,288
9,201
11,451
11,451
11,410
11, 339
11. 383
11. 305
36, 946 43, 074
36, 947 43, 380
37. 065 43, 454
37, 291 43, 689
37, 304 43, 885
37, 050 44, 190
23, 066
23, 382
23, 547
23, 817
24, 002
24, 399
20, 008
19, 998
19, 907
19. 872
19, 883
19, 791
11,027
11, 069
11,119
11, 248
11,362
11,327
5,551
5,603
5,616
5, b23
5,701
5, 754
5,476 20, 321
5.466 20, 228
5,503 20, 971
5.625 21, 395
5,661 21, 540
5,573 21, 592
8,859
8, 745
9,316
9,601
9,780
9,906
11,462
11, 483
11,655
11,794
11, 760
11,686
40, 228
40, 799
41, 298
41,822
42, 206
42, 527
36, 902
36, 894
36, 968
37, 174
37, 472
37, 640
44, 330
44,581
44, 797
45, 164
45, 673
46, 160
24, 565
24, 760
25, 019
25, 328
25, 681
26, 048
19, 765
19, 821
19, 778
19, 836
19, 992
20, 112
11,282
11,405
11,488
11. 445
11, 550
11,713
5, 766
5,890
5,976
5,951
5,999
6, 007
5,516 21, 518
5,515 21, 707
5,512 21,981
5,494 22, 387
5, 551 22, 455
5, 706 22, 294
9,897
10, 149
10, 303
10, 543
10, 52o
10, 472
11.621
11, 558
11, 678
11,844
11, 929
11, 822
43, 345
43, 671
44, 124
43, 992
43, 464
37, 771 46, 485
37, 915 46, 888
37, 876 47, 087
37, 813 47, 044
37, 660 46, 721
26, 392
26, 788
26, 958
26, 987
26, 812
20, 093
20, 100
20, 129
20, 057
19, 909
11, 888
11, 923
11, 989
12. 041
11,964
6.223
6,259
6,245
6,278
6,130
5,665 22, 743
5,664 22, 775
5,744 22, 924
5, 763 22, 720
5,834 22, 439
10, 730
10, 624
10, 921
10, 727
10, 522
12, 013
12, 151
12, 003
11, 993
11.917
63, 707 29, 787 33, 920 34, 534 16, 768 17, 766 10, 474
4,858
5,616 18, 699
Jan liar y.
February
March
April
May
June
66, 087
68, 130
70, 829
71, 742
73, 325
73, 158
30, 881
31,840
33, 567
34, 099
35, 756
36, 118
35, 206 35, 625
36, 290 36, 196
37, 262 37, 074
37, 643 37, 528
37, 569 39, 144
37, 040 40, 032
17, 379
17, 808
18, 219
18, 103
19, 496
20, 107
18, 246
18, 388
18, 855
19, 425
19, 648
19. 925
10, 867
11, 096
11,302
11,537
11, 622
11, 470
5,097
5,274
5,579
5,831
6,032
6, 043
5,770 19, 595 8, 405 11, 190 66, 630
5,822 20, 838 8, 758 12, 080 68, 090
5, 723 22, 453 9,769 12, 684 69, 828
5,706 22, 677 10, 165 12, 512 71, 565
5,590 22, 559 10, 228 12,331 73, 097
5,427 21, 656 9,968 11,688 73, 433
31, 126
31, 734
32, 844
33, 681
34, 756
35, 532
35, 504 35, 252
36, 356 35, 913
36, 984 36, 860
37, 884 38, 089
38, 341 39, 017
37, 901 39, 892
17,309
17, 729
18, 098
18, 595
19, 189
19, 877
17, 943
18, 184
18, 762
19, 494
19, 828
20, 015
Julv
August
September
October
November
December
73,412
74, 211
74, 662
75, 659
76, 195
74, 095
36,415
36, 634
36, 689
37, 139
37, 323
37, 229
36, 997 40, 902
37, 577 41, 428
37, 973 41,714
38, 520 42, 065
38, 872 42, 425
36, 866 43, 123
20, 653
21, 128
21, 500
21, 823
22, 130
22, 689
20, 249
20, 300
20, 214
20, 242
20, 295
20, 434
11,472
11,320
11,375
11, 401
11,337
11, 068
6,001
5,850
5,761
5,669
5,585
5,551
5,471 21, 038
5,470 21, 463
5,614 21, 573
5, 732 22, 193
5, 752 22, 433
5,517 19, 904
74, 322
75, 073
74, 9£8
75, 171
75, 208
75, 268
36, 509
37, 059
37, 405
37, 778
38, 002
38, 206
37, 813
38, 014
37, 553
37, 393
37, 206
37, 062
40, 935
41, 788
42, 131
42, 569
42, 775
42, 904
20, 612
21, 321
21, 801
22, 162
22, 498
22, 729
June-. _ ._
74, 856
75, 545
76, 683
76, 223
75, 296
74, 357
38, 144
38, 690
39, 482
39, 792
39, 465
38, 659
36, 712 43, 520
36, 855 43, 730
37. 291 43, 918
36, 431 43, 790
35, 831 43, 671
35, 698 43. 305
23, 015
23, 325
23, 598
23, 735
23, 906
23, 551
20, 505
20, 405
20, 320
20, 055
19, 765
19,754
11, 257
11,042
11. 123
10, 952
10, 703
10, 719
5.823
5,776
5,923
5,969
5, 830
5, 677
5,434 20, 079 9,306
5,266 20. 773 9,589
5,200 21, 642 9, 961
4.983 21, 481 10, 088
4', 873 20, 922 9,729
5,042 20, 333 9,431
10, 773 75, 379
11, 184 75, 522
11,681 75, 670
11,393 75, 303
11, 193 74, 940
10, 902 74, 622
38, 418
38, 591
38, 711
38, 618
38, 413
38, 067
36, 961 43, 107
36. 931 43, 439
36, 959 43, 091
36, 685 43, 597
36, 527 43, 49t
36, 555 43, 188
July
August
September
October
November
December
73. 530
73, 860
75, 373
76, 987
77, 950
75. 986
37, 395
37,311
37, 793
38, 419
38, 847
39.. 070
36, 135 42, 995
36, 549 43, 003
37, 580 43. 072
38, 568 43, 255
39, 103 43, 591
36, 916 44, 442
23. 113
23, 183
23, 244
23, 487
23, 643
24, 367
19, 882
19, 820
19, 828
19, 768
19, 948
20, 075
10. 794
10. 943
11. 185
11, 445
11, 584
11,310
5,448
5,461
5, 474
5.420
5,496
5, 541
5, 346 19, 741
5, 182 19, 914
5,711 21,116
6,025 22, 287
6,088 22, 775
5,769 20, 234
8,834
8. 667
9,075
9, 512
9,708
9,162
10, 907 74, 422
11, 247 74, 677
12, 041 75, 544
12, 775 76, 332
13, 067 76, 787
11, 072 77, 109
37, 476
37, 730
38, 479
39, 041
39, 483
40, 059
January
February
March
April
May
June
76, 571
77, 709
79, 448
80,016
80, 077
79, 928
39, 903
40, 908
42, 239
43. 100
43; 380
43. 203
36, 668 44, 691
36, 801 44, 858
37, 209 45, 158
36, 916 45, 362
36, 697 45, 884
36, 725 46, 334
24, 600
24, 847
25, 298
25, 608
26, 093
26, 339
20, 091
20, Oil
19, 860
19, 754
19, 791
19, 995
11,404
11, 504
11,641
11, 493
11, 433
11, 453
5,763
6,002
6,243
6.264
6,259
6,127
5,641 20, 476
5,502 21, 347
5,398 22, 649
5,229 23, 161
5,174 22, 760
5,326 22, 141
9,540
10, 059
10, 698
11, 228
11,028
10, 737
10, 936 77, 130
11, 288 77, 693
11,951 78, 266
11, 933 78, 998
11, 732 79, 678
11, 404 80, 167
July
August
.
September
October
November
80, 155
80, 687
81, 682
82, 327
82. 178
43, 276
43, 205
43, 304
43, 231
42, 692
36, 879 46, 436
37, 482 46, 489
38, 378 46, 646
39, 096 46, 529
39, 486 46, 351
26, 463
26. 564
26, 612
26, 598
26, 385
19, 973 11, 607
19, 925 11, 750
20, 034 12, 013
19, 931 12, 214
19, 966 12, 189
6,107
6,094
6,077
6,044
5,905
5,500 22, 112
5,656 22, 448
5,936 23, 023
6,170 23, 584
6.284 23, 638
10, 706
10, 547
10, 615
10, 589
10, 402
11, 406 81, 116
11,901 81, 586
12, 408 82, 000
12, 995 81, 805
13. 236 81, 124
December
Wholesale trade
o>
8,161 10, 538 64, 721 30, 629 34, 092 34,314 16, 780 17, 534 10, 462
1951
9,761
9,656
9,428
9,647
9,608
8,989
11, 277
11, 807
12, 145
12, 546
12, 825
10, 915
1952
January-- ._
February
March
April
May
1953
Source: U. S. Department of Commerce, Office of Business Economics.
National Income Trends
(Continued from page 4}
that occurred over this period. Outside of manufacturing,
payroll and profit increases were moderate in general.
first half of 1953 the share of profits showed an appreciable
increase, but this was offset by third quarter developments
when profits declined while payrolls expanded slightly.
Corporate income originating
Income originating in corporate business accounted for
about 56 percent of the total national income in the first nine
months of 1953. This was somewhat higher than in 1952,
because of the better showing of industries in which the
corporate form of organization predominates relative to
those in which other forms of legal organization are
important.
Within the corporate sphere, relative changes among major
income types were small as compared with 1952, as can be
seen from table 3. Employee compensation accounted for
about three-quarters of the total in both years, with the
balance going to corporate profits. It may be noted that
corporate profits in relation to wages were somewhat depressed in 1952 as a consequence of the steel strike. In the
Industrial shifts in 1953 profits
From the first nine months of 1952 to the corresponding
period 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. The less volatile communications and public utility
profits continued to rise, on a seasonally adjusted basis, and
changes in other groups were generally small.
SURVEY OF CURRENT BUSINESS
24
Table 3.—Percentage Distribution of National Income Originating
in Corporate Business, 1951-53
January l!)f>4
Table 4.—Corporate Profits Before Tax, by Major Industries,
Quarterly, 1952-53
[Millions of dollars]
1951
Income originating in corporate business
Compensation of employees
Wages a n d salaries. _ _ _
.
Supplements to wages and salaries
_ . . . _ . . . _ .
Net interest
1953
Jan.Sept.
100.0
100.0
100.0
72.8
68.5
75.1
70.7
74.9
70.7
26.8
27.6
15.4
12.2
— .9
24.6
23.9
13.0
11.0
.6
24.8
25. 5
14 0
11.5
— .8
.4
.4
.4
4.3
Corporate profits and inventory valuation adjustment
Corporate profits before tax. _
.
_
Corporate profits tax liability
Corporate profits after tax ...
.. _
Inventory valuation adjustment
1952
4.3
4.2
First 9
months
1952
All industries, total
Both the improvement in the nine-months' totals and the
decline after mid-1953 were widespread among the various
manufacturing industries. In the nine-months' comparisons
the outstanding relative increases, ranging from one-fourth 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 onefifth 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 second-to-third quarter manufacturing decline cannot
be interpreted clearty on an industrial basis because of the
1953 !
,
1Q
i y o2j
I
!
II
1953
IV
III
!
I
II
III
29, 208 33, 261 i 10, 085 9,607 9,516 10,008:10,875 11.497 10. 889
i
i
528
387
395
383
345
435
1 187 1 91~1 459 i
Mining
!
Manufacturing
16, 367 19,1271 5,732 5,475 5, 160 5, 524 6.310 6,797 6, 020
Durable-goods industries- _ _ 9, 065 11,113! 3,251 3,152 2,662 3,196, 3.667 4.105 3,341
Nondurable-goods industries
7, 302 8,014: 2, 481 1 2,323 2, 498 2,328 2,643 2,692 2, 67<,
Transportation
Communications and
utilities
Source: U. S. Department of Commerce, Office of Business Economics.
j
|
| 1,365j 1,644!
public |
j
.
2,1041 2,436
402!
417J
546!
!
!
I
629 453:
:
j
Source: U. S. Department of Commerce, Office of Business Economics.
difficulty of measuring seasonal influences. It is probably
of significance, however, that profits in each of the durable
goods industries declined and that the largest percentage
reductions occurred in this area. In contrast, some of the
nondurable groups increased their profits over the second
quarter and the declines that were registered were relatively
moderate. For nondurable manufacturing industries as a
whole, third quarter profits were maintained approximately
at the second quarter level, whereas profits in the durable
goods sector were off one-fifth.
Recent Business Popnlation Movements
(Continued jrom page 16)
sustaining turnover rates. Within these two divisions the
highest rates are found among new and used car dealers,
appliance and radio dealers, eating and drinking places and
amusements other than motion pictures, while exceptionally
low rates occur in general merchandise, drug stores and
hardware stores. The range in turnover rates among the
service groups is comparatively small.
Technical Notes
In the business population statistics prepared by the Office of Business Economics, the
units counted are "firms" as opposed to "establishments" such as plants in the case of manufacturing, and stores or outlets in trade and service industries. A firm is defined as a business
organization under one management with either an established place of business or at least
one paid employee. However, no attempt is made to combine corporations owned or controlled by the same interests. The business population series includes all private nonfarm
businesses except those operating in the professional services field.
Discontinued businesses include closures of all kinds without reference to the reason for
going out of business. New businesses include only firms which have been newly established.
A firm which is maintained as a business entity but which undergoes a change of ownership
is not a discontinuance but is counted among the business transfers. Partnerships in which
a member is added or dropped, corporations which are reorganized and re-incorporated as
well as businesses sold to or otherwise acquired by new owners, are considered business transfers. Transfers also include firms which have undergone a change in legal form of organization
such as from partnership to corporation.
A firm conducting more than one kind of business is classified by industry according to
the major activity of the firm as a whole. The May 1949 revision of the Standard Industrial
Classification, issued by the Bureau of the Budget, is now used for all nonmanufaeturing
industries. The last revision of the Standard Industrial Classification for manufacturing
industries was published in November 1945.
The steps taken in preparing the revision of the business population estimates presented
in this article were as follows: (1) New benchmark figures for the number of firms in operation
as of March 31, 1947, were set ui>; (2) the new benchmark figures were transformed from the
old Social Security Administration industry code formerly used to the new Standard
Industrial Classification; (3) the series on new, discontinued and transferred businesses were
revised; (4) for the period 1944-53, the number of firms in operation was carried forward and
backward from the benchmark date by means of the revised estimates of new and discontinued businesses; and (5) the number of firms in operation was carried hack from 1944
to 1939 on the basis of relative changes derived from State sales tax and similar data, and
back from 1939 to 1929 on the basis of the formerly published series.
stimates, prepared by detailed industry, utilize Internal
The transformation from the old Social Security Administration industry code to the
new Standard Industrial Classification is based on a cross-classification of employers by the
new and old codes within the business population industry detail. The cross-classification
was set up from information furnished by BOASI on changes in code made by them as a
result of the Standard Industrial Classification revision.
In most detailed industries the effect of the change in code was not great—about 95 percent
of all firms remained in the same detailed industry, and in most cases, the number of firms
transf'rred in about balanced the number transferred out. However, the effect of the change
in code was substantial in some of the retail and service groups: in general merchandise
the number of firms in operation was lowered approximately 20 percent, while in automobile
repairs, amusements other than motion pictures, and food stores other than groceries and meat
markets the number decreased by 15 to 17 percent. On the other hand, the number of new'
and used car dealers increased 16 percent, and shoe stores, filling stations, hardware and farm
implements, and appliance and radio dealers were each raised from 9 to 13 percent as a result
Number of Operating Businesses: 1939-43,:
1944-48."
Estimates of the number of transferred businesses were derived by the same methods as
those described for new businesses. The adjustments used to estimate the 0-group (number
of firms without employees) in the turnover series were formerly based on 1945 data and are
now based on 1947 data.
An important change in the method of estimating the number of new, discontinued and
transferred businesses arises from the use of BOASI tabulations of the number of employers
for the first quarters of the years 1945-49 and 1951 plus a calculation for the changes taking
place among firms with no employees. This served as a check on the net changes taking place
in the number of operating firms as derived from the estimates of business births and deaths.
New and discontinued businesses for the period 1940-43 were derived from State Unemployment Compensation data, changes in the number of operating firms, the Dun and Bradstret't,
Inc., series on industrial and commercial failures and other related information.
BUSINESS STATISTICS
A HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
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
1952 am! descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
Data from private sources are
1953
December
January
February
March
April
May
June
July
Augrust
S^"" October
No™n-
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income total
bil of dol
Compensation of employees, total
do
Wages and salaries, total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income,
totaled do
Business and profession alcf1
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
Invemcorv valuation adjustment
do
Net interest
do
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
NV->t, foroi&n invPiStmfmt
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
41.7
40. 3
21 2
19 1
1. 4
7.4
7
0
0
5
6
9
0
7
0
3
4
210 4
200. 6
166 9
10 5
23. 1
9.8
49. 1
26.9
11.6
10.6
43.8
44.6
24 4
20 3
— 8
7.6
45.2
45.9
25 0
20 8
— 6
7.7
-2.6
7.9
361. 1
362 0
372 4
28.2
121 1
75.1
30.2
121 2
76 3
30.7
122 1
77 6
369. 0
231.0
30.4
121 3
79.2
224.4
do
Government purchases of goods and services,
total
bil of dol
Federal (less Government sales)
do
National seourity9
do
State and local
do
Personal income total
do
Less: Personal tax and nontax payments . GO
Equals' Disposable personal income
do
Personal saving§
do
310
208
198
164
10
22
10
49
27
12
10
227.7
230.4
57 9
23.9
25.5
8.5
-1.6
54 0
25 0
26.2
2 9
—2.1
61 0
25 3
26.9
88
-2.5
56 5
24.9
27. 1
4.5
-2.1
80.4
56.4
50.5
24.0
82 4
57.4
51 6
24.9
83 5
58.9
53 5
24.6
83.6
58.4
52. 1
25.2
278.3
281 6
36.2
245. 4
17.7
284 4
36.7
247 7
17.2
286. 8
37.0
249 8
18.8
35.3
243. 0
18.6
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol..
Wage and salary disbursements, total
do.
Commodity-producing industries
do
Distributive industries
do
Service industries
(io
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 nonagricultural income ._
do
280. f>
192.5
87.0
50. 1
22 6
32.8
188.7
5.1
51.8
21.5
13. 6
280.5
3.8
3.9
4.1
259. 1
261. 6
261. 1
19L4
85.6
50.0
22.5
33.3
187.8
5.1
50.0
21.4
13 1
192.8
86.8
50 2
22.7
33.1
188.8
5.1
51.6
21. 6
13 5
283.6
284.7
287.0
286.3
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
5.1
49.4
22.0
13 6
3.9
4.0
4.0
4.0
4.2
4.2
4.1
4.0
4.0
4.0
263.3
265.4
265.5
267.2
268.8
270.6
270.7
270.0
' 270. 5
268.6
281.0
194. 6
88.0
50.6
22 8
33. 2
190.9
5.1
50.2
21.7
13 3
198.0
89.3
51 7
23.5
33.5
194 2
5.1
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
5.1
49.5
22.4
13 5
201.0
90.2
52.9
24.1
33.8
197 1
5.1
48.9
22.5
13 6
199.9
89.3
52.7
24.1
33.8
196. 0
5.1
49.0
22.7
13 6
' 287. 2
'199.3
"88.7
r 52 7
r
24. 2
r
33 7
r 195 Q
51
•• 49. 5
22.8
r
14 5
285. 4
197.7
87.3
52 6
24.1
33 7
198 9
5.1
50.0
22.8
13 8
NEW PLANT AND EQUIPMENT
EXPENDITURES
7,225
6,147
7, 265
All industries quarterly total
mil of dol
i 7 076
2,747
3, 367
3 079
3,280
Manufacturing
do
199
229
212
238
Miir'ng
- do
310
357
299
358
Railroads
do
311
335
355
339
Transportation other than rail
do
904
1,142
1,148
Public utilities
do
1,206
1,675
1,835
Commercial and other
...
-do
1,899
1,887
r
l
Revised.
Estimates for October-December 1953 and January-March 1954, based on anticipated capital expenditures of business, appear on p. 4 of the December 1953 SURVEY.
cf 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.
2S42070—54
4
S-l
SURVEY OF CUERENT BUSINESS
S-2
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
November
January 11)54
December
January
February
March
April
May
June
July
August
Se
l\7~ octet™
November
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:
All commodities1935-39 = 100.Crops
.
do Livestock and products
do
' 3, 325
'3,311
1,697
r
1, 614
356
867
375
' 2, 959
r
2, 943
1,478
r
1, 465
352
761
334
2,834
2,809
1,395
1,414
337
806
261
1,949
1,932
699
1,233
311
681
234
2,100
2,075
674
1,401
357
742
292
2,001
1, 964
560
1,404
365
721
302
2,010
1,976
516
1, 160
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
763
329
3, 693
3, 686
2, 163
1,523
336
812
354
3, 548
3, 535
1 962
1, 573
334
858
365
497
600
425
441
522
385
424
493
372
291
247
325
313
238
369
296
198
370
298
182
384
327
258
379
368
371
366
375
387
366
482
618
380
765
401
533
693
414
'181
'194
172
'174
' 186
165
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
208
237
185
135
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume^
Unadjusted, combined indexf.
134
131
132
136
138
136
136
136
129
136
136
"131
do
do
do
do
do
do
do -. _
do
do do
136
152
136
144
124
164
132
163
141
206
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
149
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
163
137
153
130
138
141
166
'140
157
'137
197
136
151
127
134
147
164
' 137
158
137
' 199
138
'154
129
136
147
167
'135
161
138
'205
p 133
p 147
124
v 128
do ,
do ..
do
do
do
do .
do
do do
180
119
429
152
123
117
130
119
140
182
115
452
156
125
103
128
118
137
189
126
455
153
121
110
125
120
132
195
134
461
153
122
119
129
125
136
199
142
461
157
123
122
132
128
140
198
143
452
155
121
126
134
126
140
194
137
452
156
118
122
135
125
139
193
136
452
157
117
122
136
123
140
190
131
461
151
113
112
132
113
133
189
126
'473
153
'116
122
137
123
'143
'182
114
477
156
116
119
' 136
122
'144
r
189
119
473
r
156
'117
'122
140
r
128
r
!48
p 172
120
110
112
128
104
101
103
112
112
113
115
102
105
141
102
87
85
93
104
107
115
98
102
134
98
84
82
104
104
106
119
97
99
118
99
91
88
117
112
114
121
99
99
117
100
99
100
113
113
117
118
99
98
111
98
105
102
104
109
111
119
102
101
103
100
110
102
107
112
115
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
123
126
111
102
113
108
111
102
105
123
120
M21
123
' 101
116
118
116
102
103
p 119
* 113
» 113
p 135
*98
no
p 100
p 91
P 135
1947-49=100..
Manufactures.
__
Durable manufactures
Primary metals
_.
Steel
Primary nonferrous metals
Metal fabricating (incl. ordnance)
Fabricated metal products . ...
Machinerv
Nonelectrical machinery
. ..
Electrical machinerv
Transportation equipment
Autos, trucks, and parts
Aircraft and parts. .
Instruments and related products
Furniture and fixtures
Lumber and products. . . ...
Stone, clav, and glass products
Glass and pottery products
Miscellaneous manufactures
Nondurable manufactures
_
do .
Food and beverage manufactures
_ do.. .
Food manufactures _
do
Meat products
. - .do _ _
Bakery products _
do
Beverages.
- -do
Alcoholic beverages
do
Tobacco manufactures _
._ .. do .
Textile-mill products
do Cotton and synthetic fabrics
do ...
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
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
Adjusted, combined indexf
159
131
155
136
193
p
P
p
v
156
114
119
134
p 146
p 110
p99
*>103
do
do do
do ...
do
do
.._ do _
do _
do
do __
104
130
126
124
144
148
131
137
129
111
98
121
116
121
143
148
128
136
123
113
104
125
127
116
144
149
129
136
132
123
112
133
131
118
147
150
128
134
140
120
110
136
132
123
149
154
127
132
143
107
104
136
134
123
150
159
127
131
140
110
102
132
131
122
148
159
129
132
137
117
97
134
133
120
146
161
131
136
131
102
91
120
117
114
141
157
132
137
114
115
103
135
133
116
'143
157
135
138
122
'107
94
135
130
122
'146
155
133
136
122
'106
' 97
' 140
137
'127
' 150
'151
131
' 135
123
K 132
p 137
" 124
.
do ...
do
do _ _
do
do . _
119
95
130
116
124
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
117
69
135
138
130
122
85
135
140
133
122
84
136
'139
'130
'118
84
'131
' 124
132
p 114
p 76
" 133
99
126
-
do _
133
133
134
134
135
136
137
136
137
136
133
132
p 130
do
do
do _
do
do
do
do
do .
135
151
136
164
132
161
142
198
135
152
135
166
134
161
143
197
136
154
135
168
135
164
144
203
136
155
137
168
136
163
145
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
163
139
161
144
194
139
157
136
171
142
164
145
200
138
'157
137
171
' 140
165
145
203
' 134
152
130
166
' 134
161
141
'199
134
151
128
165
' 132
159
141
'194
p 132
p 147
P 124
P160
131
p 154
p 137
p 186
do
do
do _
do
do _ _
do
185
150
118
119
129
134
190
154
120
115
129
135
191
153
120
122
129
135
191
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
156
115
' 113
134
' 140
'189
155
' 113
' 116
133
' 140
P 180
"155
p 110
' 120
p 133
p 139
_
Manufactures
Durable manufactures
Primary metals _
... .
Metal fabricating (incl. ordnance)
Fabricated metal products. . _
Machinery
Nonelectrical machinery
.
Electrical machinerv..
Transportation equipment
Instruments and related products
Furniture and
fixtures
Lumber and products
Stone, clay, and glass products
Miscellaneous manufactures
p 126
p 150
Nondurable manufactures
do
118
121
118
118
119
123
121
121
119
117
117
117
p 116
Food and beverage manufactures
do
107
108
108
108
107
109
106
106
107
106
108
103
P 109
Tobacco manufactures.
.
do ...
114
104
109
108
120
103
101
p 107
106
116
107
103
106
Textile-mill products
do
114
111
108
109
113
111
100
p98
103
108
100
106
108
112
104
Apparel and allied products
do ..
114
112
112
114
109
116
110
117
115
' 106
p 101
Leather and products
do
106
104
104
104
104
97
91
'93
*93
103
108
99
104
T
Revised.
p Preliminary.
{Revised 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.
SURVEY OF CURRENT BUSINESS
January 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-3
1952
November
1953
December
January
February
March
April
May
Junj
July
August
September
October
November
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index oj Physical Volume 9— Con.
Adjusted — Continued
Manufactures— Continued
Nondurable manufactures— Continued
Paper and allied products
1947-49 = 100
Printing and publishing,
.
._do_ .
Chemicals and allied products
do
Petroleum and coal products
do
Rubber products
do Minerals
Coal
.
Crude oil and natural gas
Metal mining
Stone and earth minerals.
do
do
. do, _
do
_. .do.. ..
128
119
140
130
127
127
119
125
119
130
119
133
120
134
120
141
128
128
142
128
131
143
128
134
145
128
138
148
131
137
118
87
130
126
122
117
82
134
106
123
116
77
134
111
121
116
77
134
113
123
115
74
132
116
126
47, 657
24, 271
12, 361
11,910
9, 360
3,138
6,222
14, 026
4,769
9,257
48, 781
24, 706
12, 536
12, 170
9, 665
3, 1 97
6, 468
14, 410
4,871
47,819
48, 533
24, 724
12, 666
12 057
9,539
49, 671
25 763
13, 117
12 646
9,471
3, 164
6, 307
14, 437
5,211
9 225
134
121
134
121
134
121
151
131
139
150
131
130
152
132
130
115
75
133
118
124
117
85
131
118
122
119
86
134
117
125
120
87
135
116
125
50, 188
26, 360
13, 398
49, 395
25 816
13, 148
12 668
9, 155
3 103
50. 001
25 880
13, 164
12 716
9, 709
3 160
50, 399
26 367
6,052
6,549
14 424
5, 154
9 270
14 412
5, 103
9 309
133
121
' 148
135
' 121
' 148
132
127
131
121
119
86
135
117
118
81
136
117
' 124
'132
' 123
r
146
' 129
121
' 114
76
'131
' 110
' 125
'123
M33
M21
v 146
p 130
v 122
v 113
p 70
v 133
p 108
p 124
BUSINESS SALES AND INVENTORIES§
Business sales (adjusted), totalt------.mil. of doL.
Manufacturing, totalf
do
Durable-poods industries- _
do ..
Nondurable-poods industries
do
Wholesale trade, totalf--- do
Durable-poods establishments
do
Nondurable-goods establishments
_ do
Retail trade, total
do
Durable-poods stores
_ do
Nondurable-poods stores
do
Business inventories, book value, end of month
(adjusted), total f
mil. of doL.
Manufacturing, total f
do .
Durable-goods industries---_ do
Nondurable-goods i ndustries
do. . _ .
Wholesale trade, total f
do
Durable-goods establishments
__
do _
Nondurable-goods establishments
do
Retail trade, total f
_
do .
Durable-goods stores _ _ . do
Nondurable-goods stores
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales:t
Value (unadjusted), total ~
mil. of dol
Durable-goods industries
do...
Nondiirable-goods industries
do
Value Cad justed), 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, 507
12, 507
12,000
9,295
9,172
3.011
6, 161
14, 140
3,161
6, 134
14, 514
5,000
5,304
9, 140
9 211
T
76, 787
' 43, 885
' 24, 002
' 19, 883
r
11,362
77, 109
77, 130
44, 330
44, 190
24, 399
24, 565
19, 791
19, 765
11 282
11, 327
' 5, 701
' 5, 754 ' 5, 766
' 5, 661 r 5, 573
' 5, 516
' 21, 540 ' 21, 592 '21,518
T
r
9, 780
9, 906
' 9, 897
r
r
' 11,621
11, 760
11, 686
'77,693
' 44, 581
' 24, 760
' 19, 821
' 11 405
' 5, 890
' 5, 515
' 21, 707
* 10, 149
' 11,558
23, 579
24, 547
12,608
11,939
24, 008
12, 021
11, 987
24, 065
11,883
11,696
24, 271
24, 706
12, 536
2,193
1, 195
1,374
2,122
2,140
24, 507
12, 507
2,170
1, 189
1,337
2,138
2,162
386
928
384
679
558
344
587
r
T
78, 266
44, 797
25, 019
' 19, 778
' 11 488
r
5, 976
' 5, 512
' 21, 981
' 10, 303
1
11 678
r
12,961
9,548
3,204
6,344
14, 280
5, 124
9,156
78, 996
79, 678
45, 164
45, 673
25, 328
25, 681
19, 836
19, 992
11 445
11 550
' 5. 951 ' 5 999
' 5, 494 ' 5, 551
' 22, 455
' 22, 387
' 10, 543 ' 10, 526
' 11, 844 ' 11 929
26, 759
13, 813
12 946
26, 295
13, 702
12 593
24, 724
12, 666
2,214
1 228
1,362
2, 158
2, 178
25, 763
26, 360
13, 398
2, 275
1 351
1,387
996
370
964
344
2 431
25, 816
13, 148
2 211
1 258
1 437
2,156
2 350
939
363
997
367
998
369
727
551
335
587
710
535
377
524
744
558
337
579
767
632
379
635
763
585
392
623
11,910
3,296
571
341
12, 170
3, 385
12,000
3,377
544
312
12, 057
12 646
3, 660
12, 961
520
333
1,182
1,144
932
257
657
743
942
288
675
777
1,116
1,555
1. 993
383
2,082
12,361
2, 134
1, 112
1,300
2,111
1,958
1,191
1,606
418
' 43, 591
' 44, 442
' 23, 643 ' 24, 367
r
' 19, 948
20, 075
12,345
11, 720
3,368
555
324
13,117
2,226
1 256
1,389
2,174
2 356
2,227
595
330
3,826
563
318
1,128
1,160
1,231
880
269
695
758
846
266
690
770
871
278
711
800
912
281
739
794
1,606
2,018
424
2,042
1,704
2,065
435
473
1,734
2,118
444
1,634
25 468
13, 178
12 290
12 957
9 563
3 153
6,410
14 469
5 102
9 367
80, 167
'81,116
46, 160
' 46 485
26, 048
' 26, 392
20, 112
' 20, 093
11 713 r n ggS
' 6 007 ' 6 223
' 5, 706 ' 5, 665
' 22 294 ' 22 743
' 10, 472 ' 10 730
' 11 822 ' 12 013
'
'
'
'
'
26 058
13, 586
12 473
48, 138
25 067
12, 729
12 337
13,410
24 700
12 318
12 383
8,998
3 092
' 48. 653 ' 48, 289
' 25 380 ' 24 990
' 12, 376
12, 698
' 12 682 T 12 614
9,291
9,259
2 982
3 051
5,906
6,240
6,277
14 073
4,914
9 159
13 982
4, 865
9 117
' 14 040
' 5, 029
' 9 Oil
81, 586
46 888
26, 788
20, 100
11 923
' 6 259
' 5, 664
r
22 775
' 10, 624
' 12 151
82, 000
47 087
26, 958
20, 129
11 989
' 6 245
r
5, 744
' 22 924
' 10, 921
r
12 003
25 278
12, 485
12 793
' 26 164
'
'
'
'
'
25 067
12, 729
2 154
1 190
1 438
12,917
' 13 247
25, 880
13, 164
2 222
1 311
1 486
2, 164
2 190
1,006
26 367
365
334
380
370
772
586
404
608
767
627
395
633
815
611
416
590
776
582
326
544
726
607
355
607
12 668
3,631
12 716
12 957
3 796
12 337
r 12 682
3 836
565
305
3,283
943
256
724
819
1,672
3,594
551
310
13,410
2 336
1 309
1 462
2 125
2 381
1, 032
2,099
2 210
1,031
' 25 380
12, 698
2 084
1 219
1 536
2, 163
2 023
1,008
81, 805
47, 044
26, 987
20, 057
12 041
' 6, 278
' 5, 763
' 22, 720
' 10, 727
47, 897
24, 559
12. 098
12 461
9,146
2 994
6, 152
14. 192
5, 042
9 150
'81,124
'
'
'
'
'
'26,812
' 11,993
' 11,917
26, 835
13, 223
13 612
24 123
24, 990
12, 376
1 985
1 139
1 391
24 559
12, 098
1 873
1 161
1 361
2,039
2,074
2 095
1,140
'363
'715
' 575
'353
'580
1 8-75
1,097
T 12 614
'3 890
'666
' 304
12 461
3 853
' 46, 721
' 19, 909
' 11 964
' 6, 130
' 5, 834
' 22, 439
' 10, 522
11.741
12 382
338
727
575
439
577
570
301
3.645
617
314
1,181
1, 181
1,098
1 031
843
286
741
809
869
328
766
740
891
264
735
676
854
266
752
707
1,720
1,608
2,081
409
1,640
r 1 642
2,202
1 594
' 2, 062
'385
2,090
1,697
2,048
2,268
422
436
2,237
448
662
315
'416
r 1 038
' 900
T 243
'738
' 745
595
341
992
816
238
708
849
385
r
r 46 351
44, 691
' 44, 858 ' 45, 158
' 45, 362 ' 45, 884 ' 46, 334 ' 46, 436 ' 46, 489 ' 46, 646 r 46 529
' 24, 600 ' 24, 847 ' 25, 298 ' 25, 608 ' 26, 093
' 26, 339
' 26 463 ' 26, 564 r 26 612
' 26 598 r 2Q 385
r
'20,011 ' 19, 860 ' 19, 754 ' 19, 791 ' 19, 995 ' 19,973 ' 19, 925 r 20, 034 T 19 931 r 19' 966
20, 091
.do...
.-do
do
r
r
43, 885
44, 190
r 47 087
' 44, 330 ' 44, 581 ' 44, 797 ' 45, 164
Book value (adjusted), total.
do
r 47 044
' 45 673 ' 46 160 ' 46 485 r 46 888
r 46 721
r
' 24, 002
Durable-goods industries, total
do
24, 399
' 24, 565 ' 24, 760 ' 25 019 ' 25, 328
' 25, 681 ' 26 048 r 26 392
' 26' 788 T 26 958
r 26 987
r 26 812
r
r
r 3 318
Primary metal
do
3, 205
3, 159
' 3, 205 ' 3, 134
' 3 157 '3 242 '3 308
' 3 382 ' 3 456 ' 3 513 T 3 507
r 3 481
r 3 134
Fabricated metal products.
do
' 2, 400 ' 2, 436 ' 2, 484 ' 2, 512 ' 2, 473 ' 2, 580 ' 2, 607 ' 2 717 ' 2 815 ' 2 914 r 2 962
r
3
038
r
r
r
3, 060
Electrical machinery and equipment .. .do
' 3, 081 '3,121
3, 073
'3,219
' 3, 157
3, 266
'
3,
424
'
3,
305
' 3, 366
' 3, 425
' 3, 484
' 3, 466
' 5, 445 ' 5, 463
r 5 667
' 5, 468 T 5, 508
Machinery, except electrical
do
r 5 702
' 5 532 ' 5, 525 '5 524
' 5 555 ' 5 628 r 5 6QO
T 5 665
' 2, 817 ' 2, 987 ' 3, 009 ' 3, 056 '3, 170
Motor vehicles and equipment
do
' 3, 229 r3 348
'3 476
'3 420 '3 435
' 3 498 ' 3 445 r 3 420
r 2, 475
' 2, 570 ' 2, 567 ' 2, 616 ' 2, 632 ' 2, 642 ' 2, 651 ' 2, 728 ' 2, 707 ' 2, 720 ' 2, 751 ' 2, 702 '2,612
Transportation equipment, n. e. s
do
T 674
r 679
Furniture and fixtures. _ _ . . . do
'667
'656
'638
' 641
'662
'638
' 697
' 681
'660
' 681
' 669
'989
Lumber products, except furniture
do
'1,045
'1,017
'989
'985
' 1,041
'1,031
' 1,049
'1,068
' 1, 096 ' 1, 123
' 1, 121
'1,090
r
r
875
r QQ1
'845
'854
Stone, clay, and glass products-.
do
'874
'843
r
884
867
'858
' 879
'881
'883
> 876
'835
'837
'850
'838
Professional and scientific instruments .do
'846
'851
'857
'866
'853
'875
'878
'881
'862
r
r
Other industries, including ordnance-. -do
1, 268
1, 429
' 1, 403 ' 1,417
' 1, 487
' 1, 501 ' 1, 538 ' 1, 539 ' 1, 549 ' 1, 581 ' 1, 583 ' 1, 564 ' 1 , 500
r
Revised.
p 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.
t Revised series. Data have been adjusted to more recent benchmarks. The revision affects the indicated series beginning as follows: Beginning January 19-'6 for total business, manufacturers', and wholesale sales and inventories (adjusted); beginning January 1948 for manufacturers' new orders (adjusted); beginnirgDecember 1950 for retail inventories (adjusted); and
beginning 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 this issue.
S-4
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
November '
January 1954
December
January
February
March
April
June
May
July
August
September
Ocrobcr
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month f— Continued
Book value (adjusted), total— Continued
Nondurable-goods industries, total, .mil. of dol._ ' 19, 883 ' 19, 791 ' 19, 765 ' 19, 821 ' 19, 778 ' 19, 836 ' 19, 992 ' 20, 112 ' 20, 093
T 3, 662
' 3, 570
' 3, 522 ' 3, 493
' 3, 692
' 3, 489
' 3, 730
' 3, 433
'3,627
Food and kindred products
do
' 1, 252 ' 1, 247 ' 1, 232 ' 1, 212 ' 1, 222 ' 1, 242
' 1, 255 r 1, 259
' 1, 273
Beverages _ _
do
T
' 1,767
* 1,816
' 1, 806 ' 1, 798
' 1,817
' 1, 804
1, 751
'1,818
' 1,811
Tobacco manufactures
do
'2,612
' 2, 614 ' 2, 631 ' 2, 693
' 2, 616 * 2, 584
'2,616
f 2, 680
' 2 666
Textile-mill products
do
'1,819
' 1,730
' 1, 763 '1,772
' 1, 806
' 1, 834 ' 1, 890 ' 1, 906
' 1, 866
Apparel and related products
do
' 532
'533
' 550
-•530
'528
' 584
••531
' 578
' 568
Leather and leather products
do
r
1,075
' 1,052
' 1, 060 ' 1, 058
'1,051
'1,060
' 1, 065
' 1, 048 ' 1, 030
Paper and allied productsdo
'730
' 730
'743
'769
-•748
'745
' 750
' 755
'730
Printing and publishing
.._ do ..
r
r 2, 900
2, 942
' 2, 910 ' 2, 931
2,975
' 3, 007 ' 3, 065 ' 3, 108
Chemicals and allied products
d o _ _ _ _ 'r 2, 958
' 2, 543 r 2, 584
' 2, 597 ' 2, 624 ' 2, 670
'2,611
' 2, 630 r 2, 696
2, 547
Petroleum and coal products
do
'850
'880
'874
'914
'877
'866
'868
'888
'925
Rubber products
do
New orders, net:f
Unadjusted, total _
Durable-goods industries
Nondurable-goods industries
do
do
do_.
Ad justed total
do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal products
__ do
Electrical machinery and equipment-__do
Machinery, except electrical
do
Transportation equipment, including motor
vehicles and parts
mil. of dol__
Other industries, including ordnance. ..do
Nondurable-goods industries, total
do_
Industries with unfilled orders?
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
' 20, 100 ' 20, 129 ' 20. 057 ' 19. 909
'3,411
' 3, 445 ' 3, 468 ' 3 496
' 1, 139
' 1, 186
' 1. 142
' 1, 160
' 1, 839 ' 1, 834 ' 1,811
' 1 786
' 2, 612 r 2 614
' 2, 646
' 2 532
' 1, 907 '1,862
'1,876
' 1, 835
'562
' 574
'595
' 577
'1,024
'1,038
' 1, 044 ' 1, 054
' 772
'773
' 758
' 768
'3,142
' 3, 169
' 3, 140
' 3, 107
' 2, 744 ' 2, 731 ' 2, 750 ' 2. 742
r
'897
908
'842
'881
22,457
10, 756
11, 701
24, 438
12, 600
11, 839
24, 854
12, 788
12, 066
24, 008
12, 266
11,742
26, 349
13, 404
12, 944
25, 478
12, 959
12, 519
24. 564
12, 176
12, 388
25, 655
12, 985
12, 670
23, 833
11, 589
12, 244
22, 673
10, 132
12, 540
23, 255
10, 092
13, 163
' 23, 271
' 9, 829
' 13, 442
21,166
8 986
12, 180
23, 254
11, 549
2,018
1,142
1, 273
1,874
24, 946
12, 732
2, 006
1, 125
1, 522
1,878
24, 519
12, 455
2, 133
1,142
1,521
1,829
24, 512
12, 415
2, 063
1,172
1, 303
1,959
25, 096
12, 520
2, 201
1, 196
1, 268
2, 006
25, 681
12, 702
2, 093
1,131
1,697
2,184
25, 882
13, 100
2,167
1,210
1,480
2,042
25, 152
12, 393
2,390
1,011
1,303
2,084
24, 525
11, 600
1,957
1,073
1,582
1,751
22, 339
10, 139
1,751
1,214
1, 134
1,676
22, 678
10, 110
1,635
1,041
1,082
1. 843
' 22 154
'9 677
r i 500
'843
'1,039
'1,798
21 813
9 697
1 648
1 031
900
1 723
2. 769
2, 474
11, 705
2, 634
9, 071
3, 752
2, 450
12, 214
2,929
9,285
3, 250
2, 5PO
12, 065
2,904
9,161
3,390
2, 529
12, 097
2,894
9,203
2, 955
2,894
12, 576
2,879
9,697
2,776
2,821
12, 980
3, 064
9,916
3, 544
2, 657
12, 782
3, 196
9,586
2,875
2,728
12, 760
3,061
9,699
2,347
2,889
12, 925
2,983
9,942
1,882
2,482
12, 200
2, 636
9, 563
2,114
2, 395
12, 569
2. 626
9, 943
'2,127
' 2, 369
' 12, 477
'2,618
' 9, 859
1,863
2,532
12 116
2,377
9 739
75,441
72, 170
7, 768
6,312
11, 739
11,307
75, 333
72, 161
7,511
6, 133
11, 990
10, 944
76, 178
72, 928
7. 536
6. 386
12, 262
10, 833
76, 122
72, 850
7,408
6,276
12, 108
10, 671
75, 712
72, 441
7, 436
6, 235
12, 025
10, 509
74, 895
71, 698
7, 230
6, 218
12, 266
10, 389
73, 991
70, 696
7,020
6, 100
12, 251
10, 140
73, 588
70, 096
6,977
5,790
12, 286
9,928
72, 720
69, 366
6,910
5,728
12, 520
9,793
70, 115
67, 014
6,562
5,609
12, 204
9, 512
67, 189
64, 189
6, 103
5, 517
11,718
9 118
' 63, 626
' 60' 795
' 5, 640
' 5 052
' 11,279
' 8 785
60, 606
58 040
5 338
4 741
10 660
8 469
28, 915
6, 130
3,271
29, 642
5,942
3,171
29, 766
6,145
3, 250
30, 110
6. 277
3,272
29, 775
6, 4(52
3, 271
29, 037
6,558
3,198
28, 823
6, 362
3,296
28, 803
6,311
3, 493
27, 767
6, 648
3,354
26, 559
6, 569
3,101
25, 658
6,074
3,000
' 24 338
' 5, 702
' 2, 830
23 370
5,461
2,566
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURNOVER
Contract construction
Manufacturing
do
do
Retail trade
Wholesale trade
All other
do
do
do
' 4, 178. 8
' 417. 7
' 326. 9
' 738. 9
' 1,f 853. 0
282. 9
' 559. 4
New businesses semiannual total f
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
' 150. 9
'25.8
'11.9
'22.8
'60.5
'9.6
'20.3
Discontinued businesses, semiannual total f
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
' 147. 5
'22.1
'14.6
'24.2
'61.2
'7.6
'17.8
Business transfers semiannual total
do
v 4, 212. 4
p 433. 8
p 328. 2
v 739. 8
P 1, 864. 1
p 284. 8
P561.6
199. 3
40.4
16.0
29.6
77.4
11.9
24.0
» 165. 7
P24 3
P 14 7
p28. 7
»66 3
plO. 0
*>21 8
BUSINESS INCORPORATION So*
New incorporations (48 States)
number
6,741
8,274
9,468
7,943
9,659
9,507
8,968
8, 926
8,703
7,487
7 433
8 267
7 269
590
61
583
43
647
39
691
49
739
63
693
48
697
66
817
74
724
43
700
49
686
31
840
75
815
66
97
175
389
88
INDUSTRIAL AND COMMERCIAL
FAILURES^1
Failures, total
.
Commercial service
Construction __ _
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
_
_
.
number..
do
_ _ do
do
do__ _
do
thous. of dol
do
do
do
do
do
62
121
280
66
18, 757
3,027
1 588
5,853
5, 865
2,424
76
131
288
78
130
334
45
66
23 400
23 309
5 068
8,458
7,046
1,875
2 735
9,107
8,009
2,590
953
868
86
132
348
76
27 273
1,180
3 378
8, 452
9,139
5,124
85
154
361
76
31 082
1,387
3 506
12, 213
10, 423
3,553
86
140
344
75
27 520
1,765
3 748
10, 585
8,497
2,925
70
143
344
74
32 789
3,536
2 511
13, 981
6 909
5, 852
99
64
145
419
164
380
80
73
32 379
1, 759
3 200
11 179
12 464
3 777
41 324
1 210
2 789
17 139
11 282
8 904
92
89
89
148
340
145
336
188
404
28 529
1 077
3 868
10 267
10 275
3 042
33 817
1 286
4 451
13 676
9 790
4' 614
07 fl7fi
71
85
84
3
4
14
9
4
848
36 795
2 687
OCC
956
671
235
13 568
11 083
4 836
' Revised.
» Preliminary.
fRevised series. For manufacturers' inventories and orders, see corresponding note on p. S-3. Beginning 1953, data for operating businesses and business
turnover will be published on a semiannual basis; for revised annual data beginning 1929, see pp. 11-16 of this issue of the SURVEY. Revisions for the first three quarters of 1952 follow (thou13.8; 12.8; 10.9; retail trade, 32.5; 32.1; 29.0; wholesale trade, 3.9; 4.2; 3.5; all other, 11.8; 9.9; 7.5.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
KFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders,
http://fraser.stlouisfed.org/
cf Data are from Dun & Bradstreet, Inc.
Federal Reserve Bank of St. Louis
SUEVEY OF CURRENT BUSINESS
January .U)r>4
19 52
1952 arid descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
S-5
1953
December
January
February
March
April
May
June
July
August
September
October
Nove
ber
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products§
1910-14 = 100.
Crops
do
Food grains
- do _.
Feed grains and nay
do
Tobacco
do
Cotton
...
.
. . . do
Fruit
do
Truck crops
-.
- do
Oil-bearing crops
do
277
257
248
213
412
288
195
238
300
269
257
247
218
428
268
206
256
300
267
251
245
214
419
252
208
237
291
263
247
240
206
424
255
209
237
287
264
253
246
208
424
266
215
248
291
259
247
244
206
424
266
226
204
289
261
243
242
205
426
268
224
182
285
259
251
222
198
425
266
253
270
280
259
237
218
197
426
269
207
216
268
258
237
215
1°8
430
277
205
221
262
256
234
219
200
452
279
221
159
251
250
231
223
187
439
274
214
175
255
249
234
229
188
433
268
219
186
263
295
310
318
238
280
291
309
221
281
303
296
218
277
305
286
206
274
301
277
216
270
299
264
218
277
317
257
218
267
299
254
213
280
318
261
223
276
305
267
230
276
299
274
231
267
273
283
236
263
267
289
225
268
269
266
267
269
264
267
268
265
264
266
261
265
269
261
264
269
257
264
270
257
260
271
248
261
271
250
262
273
249
259
270
247
258
270
246
259
270
248
282
281
284
281
282
280
280
277
279
279
277
276
277
98
96
94
94
94
92
93
94
93
92
92
91
90
All commodities (U. S. Department of Commerce
index)
1935-39 = 100
210.4
209. 6
209.0
207.8
208.2
207.9
208.2
209 7
210. 1
210 1
210 3
r 210 0
208 8
Consumer price index (U.S. Department of Labor) :
All items
1947-49 = 100
\pparel
- - - do
Food
-do
Dairy products
..
-do _ _
Fruits and vegetables
do
Meats, poultry, and
fish
do_--
114. 3
105.2
115.0
113.3
115.9
114.3
114.1
105.1
113.8
112. 7
115.8
113.0
113. 9
104. )
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 g
108.3
118 2
112.0
115 0
104 3
1141
109 1
112 7
114.1
115 °
105 3
113 8
109 6
106 6
113.5
115 4
105 5
113 6
110 1
107 7
111.1
115. 7
105. 4
108 0
119. 5
118.9
112.4
107.4
128.9
115.8
116.4
105. 6
1 08. 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
117 8
106 4
108 1
123 8
121. 5
112 6
107 4
129 7
118.3
118 0
106 9
107 4
195 1
121 8
112 7
107 6
130 6
118 4
118
106
108
126
192
112
107
130
118
118
107
108
126
122
113
108
130
119
Livestock and products
Meat animals
Dairy products
Poultry and eggs
do
do
do
do
Prices paid:
All commodities
. 1910-14 = 100
Commodities used in living
_ _do
Commodities used in production
do^_
All commodities, interest, taxes, and wage nitesj
1910-14 = 100.
Paritv ratio 9 t
^°
KETAIL PRICES
Housing
Gas and electricity
_
JTouscfurpishings
Rent
Medical care
-- - _ _
Personal care
Reading and recreation
Transportation
Other goods and services _ .
-
do
do
do
do
do
do
do
do
do
4
9
1
0
6
9
8
7
5
7
0
1
8
8
2
6
7
7
1
115 0
105 5
112 o
110 5
107 4
107.0
118
107
108
127
123
113
108
130
120
9
3
3
3
3
4
9
1
2
WHOLESALE PRICEScf
U . S . Department of Labor indexes:
All commodities
- -.- 1947-49=100
Farm products
Fruits and vegetables, fresh and dried
Grains
Livestock and live poultry
do
do
do
do
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
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 and products
_ . do
Furniture and other household durables
1947-49 = 100..
Appliances, household
._
do
Furniture household
do
Radios
.,
. do
Television sets
do
Hides, skins, and leather products
do
Footwear
do
Hides and skins
. do
Leather - _
__
do
Lumber and wood products
do
Lumber
. do
110.7
109. 6
109.9
109.6
110.0
109.4
109.8
109 5
110.9
110 6
111 0
103 6
113.2
96 5
93 0
99. 2
112.3
96. 1
86. 8
99.6
107.3
94.6
92. 7
97 9
102. 2
93. 1
91 2
99 8
105. 8
94.7
91 7
97 3
106.9
93 8
87 5
97
105.
93
91
8
4
4
7
95 4
109.9
84 2
86 8
97 9
94.7
85 4
95 9
% 4
98.0
86 5
88 1
98 1
96.0
88 3
90 6
89 Q
93 6
96.0
89 3
78 4
107.7
107.1
115. 5
104. 3
106. 8
113.0
105. 5
106. 8
111.9
105. 2
107.6
110.9
104. 1
108. 9
109 7
103 2
109.2
108 5
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
112.0
112 7
103 8
112.6
113 9
106.0
102.0
105.0
93.9
105. 4
99.3
105.5
98.2
105.1
91.2
104.4
89.2
104.0
93.8
103.7
91.6
105. 0
97.0
104.7
93.6
104.7
97.4
r 104. 9
'88. 9
104. 9
86.2
112 8
103. 5
112.7
91.9
53. 1
111. 1
106. 3
112 9
103. 3
112.3
91.3
52.8
113. 0
10(5. 1
113 1
103. 6
112.8
91.5
53. 5
112.9
106.2
113 1
103 6
113. 1
91.4
52 7
112. 7
105.9
113 4
104 2
113.9
91.6
59 0
112 8
106. 0
113 2
105 5
117 0
93. 0
55 9
113 2
106.0
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 *>
120 2
93. 6
46 7
113 8
106. 1
114 9
i()g 3
1°0 2
93. 5
46 9
113 8
106.3
114 7
106 7
120 0
93.5
51 1
113 0
107.3
r
11 4 6
106 7
119 5
93.5
r 53 3
112 9
T
107. 9
114 5
107 2
119 2
93. 5
58 0
112 9
108.2
106. 7
113.6
98.0
104.9
108. 1
107.2
116. 1
98 5
104.9
107.9
107.8
116.3
99 6
108.0
107.9
108.1
115.9
100 7
109. 5
107 9
108.4
114 4
100 7
109. 5
109 0
107.4
111 2
98 0
109 5
109 3
107
110
97
108
109
108
111
98
108
111
3
2
5
2
1
111. 1
111 8
98 5
106 1
116 8
111
111
qg
105
116
110
112
98
106
116
r HI 2
111
112
98
106
116
112.1
107.2
112.8
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
114.9
109 0
114 2
94 3
74 2
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
191 5
120 7
100.0
111 7
73 4
96 1
121 1
120 2
99.9
111 8
74 6
95 0
120 4
119 3
99.7
111 8
74 2
94 5
119 2
118 3
••97.1
111 7
64 4
90 4
97.2
111 8
64 3
90 7
117 5
116 3
/
I
97.6
111 0
69.2
90.1
119. 7
120.0
1
8
4
2
4
0
7
i
7
5
9
3
0
0
5
110 2
r
95 3
-94.2
87 9
119
98
T 106
116
r
T Jig
5
5
6
6
1
T 117 2
109 8
0
5
5
6
3
Machinery and motive products
do
121.4
121.4
121.5
121.6
121.8
122.0
122.4
123.4
124.1
124.2
122.9
123. 7
124.0
Agricultural machinery and equip _ _ d o _
121.7
121.6
121.8
121.8
122.2
122 3
122 4
122 7
122 5
122 3
122 6
122 3
122 4
Construction machinery and equip__do
126. 2
126. 3
126.2
126.3
127.1
129. 1
130. 8
130.9
128.6
131.0
129.4
130. 5
131.0
119.5 ,
Electrical machinery and equipment-do
119.6
119.6
119.7
119.9
121.3
124. 2
124.8
126. 2
122.6
125.6
126.5
126. 5
Motor vehicles - _
do. .
119.7 '
119.7
r 118 5
118.5
118.6
118.6
119.8
119.9
120.0
118. 9
118.6
118.6
118.6
r
Revised.
1 Index on base previously used (1935-39=100) is 192.3.
IDacember 1953 indexes: All farm products, 252; crops, 233; food grains, 230; feed gra'ns and hay, 197; tobacco, 427; cotton, 2E9; fruit, 215; truck crops, 195; oil-bearing crops, 269; live;istock
and products, 269; meat animals, 285; dairy products, 283; poultry and eges, 219.
^Revisions prior to August 1952 are available upon request.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
cf For actual wholesale prices of individual commodities, see respective commodities.
SURVEY OF CURRENT BUSINESS
S-6
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
January 19r>4
December
January
February
March
April
May
June
July
August
September
October
November
COMMODITY PRICES—Continued
WHOLESALE PRICEScf— Continued
U. S. Department of Labor indexes:— Con.
Commodities other than farm prod., etc. — Con.
Metals and metal products
1947-49=100.Heating equipment _
_ _ . do ..
Iron and steel
do
Nonferrous metals
_
. .. do
Nonmetallic minerals, structural
do
Clay products
do
Concrete products
do
Gypsum products
do .._
Pu^p, paper, and allied products
Paper
Rubber and products
Tires and tubes
Textile products and appareL
Apparel
Cotton products
Silk products
._
Synthetic textiles
Wool products
do
. . do
do.- do
do_ __
do
do
do
do
do _ .
Tobacco mfrs. and bottled beverages
Beverages, alcoholic
Cigarettes
_
do
do
do-
-
123. 9
113.6
127.0
122.5
114.5
124.0
112.7
117.7
124.0
113. 6
127.0
122. 3
114. 6
124. 0
112.7
117.7
124.0
113.8
127. 1
122.5
114.6
124. 0
112.8
117.7
124. 6
113.9
127.5
124.4
114.6
124.0
112 8
117.7
125.5
113. 9
127.7
131. 5
115.1
124.3
112.8
118.3
125.0
113. 8
127.7
128.2
116. 9
124.6
114.2
122.1
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
122.3
120.8
132 1
117.4
122.1
115.5
124.9
126. 4
126.3
98.6
98.3
98.4
139. 3
89.0
112.6
115.9
124.9
127.7
126. 3
98.2
98.3
97.7
139.7
87.8
112. 6
115.8
124.9
127.3
126.3
98.8
100.0
97.0
141.4
88. 1
113.0
115. 3
124.9
126. 2
126.3
98.5
99.9
96. 1
141.4
88.3
111.5
115. 1
124.9
125.7
126.3
97.5
99.6
93. 1
141.4
87.9
111.9
115.3
124.9
124.8
126.3
97.4
99.9
92.9
131.6
88.0
111.3
115.4
124.9
125. 4
126.3
97.6
99.9
93.3
133. 0
87.4
112.0
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
1 26. 4
97. 5
99.3
94. 1
134.7
87. 5
111. 7
116 2
125. 9
123.5
125. 1
97.5
99.3
94.1
134. 7
86 7
111.8
116 9
126. 5
124.0
126 4
96.9
98.5
93. 7
134.7
86 7
111.2
117 5
' 126. 6
124.2
130. 1
96.5
"98.7
92.4
135.8
85 9
111.6
117.3
126.8
124.3
130.1
96.2
98.6
91.6
136.5
85 2
111.5
112.1
110.5
112.0
112.1
110. 5
112.0
111.9
110. 1
112. 0
111.9
110. 1
112.0
114.8
110.0
124.0
114.8
110.0
124.0
114.8
110.0
124.0
114.9
110.0
124.0
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
90.3
87. 5
87.0
91.2
87.6
87.9
91.0
87.8
88.4
91.2
88.2
89.7
90.9
88.0
89.5
91.4
88.0
89.7
91.1
87.7
89.2
91.3
87.3
88.0
90.2
87 2
87 9
90.4
87 0
87.6
90.1
86 8
87.9
90 7
86 7
88 0
PURCHASING POWER OF THE DOLLAR
As measured bv —
Wholesale prices ..
Consumer prices
Retail food prices
1947-49=100
do
_. do
_
1
91 1
i 87 0
89 3
1
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction, total
mil. of dol
Private, total
_. _ _
do
Residential (nonfarm)
do - New dwelling units
do
Additions and alterations
do
Nonresidential building, except farm and public
utility total
mil of dol
Industrial
do
Commercial
..
do_. Farm construction
do
Public utility
do
Public, total
Residential
- .. _
Nonresidential building
Military and naval
Highway
Conservation and development
Other types
-
do
do
do
do
do
do
do
2,858
2, 550
2,361
' 2, 287
1,934
1,024
915
91
1,795
942
850
74
1,627
816
735
63
' 1, 574
758
675
64
443
194
113
112
347
433
193
112
97
314
431
201
'108
97
275
'433
204
••111
100
275
924
49
361
121
240
755
49
342
111
112
67
74
734
47
'33!
' 106
115
61
74
'713
48
'r 323
106
110
56
70
74
7Q
r
2, 527
' 2, 758
' 2, 947
' 3, 209
' 3 282
'3 317
' 3 211
2 988
1,729
863
770
74
' 1,872
'964
'850
94
' 1, 991
' 1,012
'885
105
' 2, 160
' 1, 123
'990
'110
' 2 194
' 1, 126
' 990
112
' 2 202 ' 2 177 ' 9 129
' 1 113 ' 1 088 ' 1 066
r 950
' 980
' 940
' 103
110
' 101
2 059
1 024
qO=>
94
'477
'184
152
148
399
430
198
114
108
320
'427
' 192
' 114
120
352
'449
' 190
' 128
1S8
380
'798
47
'359
111
140
65
76
'886
49
' 370
' 113
200
' 72
82
' 956
' 50
' 371
115
260
' 75
85
' 490
' 176
' 166
155
410
' 3 *>95
' 493
' 174
' 169
158
427
' 1 049 ' 1 088 ' 1 115
r 44
46
50
r 371
'373
'380
r
r 119
119
' 120
375
330
405
79
'80
' 75
89
96
101
' 507
' 177
' 176
144
428
r 1 H8
' 46
r 375
116
400
' 72
108
511
' 177
' 179
119
423
R
23
177
193
100
396
r i 082
r 45
' 379
' 105
390
r
68
101
r 935
r 49
r 355
r 101
280
' 63
95
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
35, 475
34, 561
50, 484
52, 544
34, 661
55, 435
40, 069
50 049
Total projects
_
.
number
41, 569
53, 304
46 564
42 586
41 379
Total valuation
thous. of doL. 1, 248, 803 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
449, 779
350, 709
672, 838
416, 577
Public ownership
do
553, 760
372, 004
477, 693
610, 348
490, 650
532 064
724 682
483 160
689 264
626, 089
930, 941 1, 068, 704 1, 052, 331
670, 601
989, 691
Private ownership
_ _
do
743, 505 1, 182, 994
758, 153
882 344 1 016 991 1 203 124
910 890
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
Valuation.
Utilities:
Projects
Valuation
number . .
4,382
thous. of sq. ft
39, 788
thous. of dol . _ 461, 476
3,589
51, 596
713, 100
3,651
32, 343
406, 914
3,529
31,115
374, 321
4, 760
35, 566
449, 175
5,416
44, 455
680, 330
5,728
45, 640
582, 061
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
number
thous. of sq. f t _ .
thous. of dol..
35 487
55, 872
528, 429
29, 808
48. 996
438, 580
30, 674
51,315
460, 036
29, 960
46, 658
418, 568
44 115
65, 393
605, 200
47, 761
70, 602
673, 887
44 317
66, 655
637, 721
32 745
49, 797
463, 084
44 227
70, 206
653, 407
38 554
53, 242
507, 560
35 712
52, 470
507, 430
42 510
65, 908
634, 582
35 668
50, 247
484,168
_. number
._ thous. of dol _
1, 336
195, 265
911
134, 114
835
152, 793
778
135, 326
1,247
219, 157
1,849
293, 569
2,094
288, 783
1,874
138, 257
2,336
269, 600
2 335
304, 917
1 796
269, 625
1 693
270, 064
1 177
239, 827
number
thous. of dol
364
63, 633
353
181, 590
315
56, 125
294
93, 095
362
73, 986
409
93, 756
405
97, 526
430
54, 938
532
105, 942
408
56 080
403
181 352
430
229 612
335
58 198
Value of contract awards (F. R. indexes):
Total, unadjusted
...
1947-49=100
Residential, unadjusted
do
Total, adjusted
do
Residential, adjusted
. . do
177
172
196
178
166
156
205
183
156
144
190
173
151
163
173
182
180
186
177
176
205
210
179
179
195
194
161
164
197
192
169
174
189
178
172
175
216
183
205
184
221
181
218
180
Engineering construction:
Contract awards (ENR)§
-
thous. of dol.. 1, 079, 879
Highway concrete pavement contract awards:©
Total
thous of sq yd
Airports
.do
Roads
do
Streets and alleys
do
2 571
390
1 193
988
906, 976 1, 886, 520 1, 023, 021
2
4 675
446
2 775
2 1. 454
2
4,874
1,226
2 622
1.026
3 509
495
1 481
1. 533
1,133,978 1, 473, 244 1, 083, 795 1, 318, 070 1, 262, 992 1,111,213 1, 116, 572 1, 469, 252
7 006
1. 652
3 215
2.140
9 537
1 675
4 590
3. 273
8 333
413
5 237
2.682
5 698
*278
3 315
2. 105
8 658
973
4 23?
3. 453
7 810
1 056
3 798
2. 956
l
' Revised.
Indexes on base formerly used (1935-39 = 100) are as follows: Measured by—wholesale prices, 47.7 consumer prices, 52.0; retail food, 44.2.
awarded in prior months but not reported.
cfFor actual wholesale prices of individual commodities, see respective commodities.
t Revisions for 1950-July 1952 will be shown later.
§ Data for January, April, July, and October 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.
' 220
' 178
' 230
r 183
7 187
1 102
4 066
2.019
:
6 094
892
3 691
1 S«9
901
172
2 94
178
794,315
3 2 18
100
i ~~i \
i 3-u
Data include some contracts
SURVEY OF CURRENT BUSINESS
January 1!)fJ4
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
S-7
December
January
February
March
April
May
June
August
September
October
November
96, 700
93, 200
92, 000
88, 000
80, 000
45, 970
42, 721
33,615
2,383
6,723
3,249
43, 214
42, 976
34, 507
2,646
5,823
35, 707
34, 150
27, 807
2,098
4,245
1,557
100.9
144.7
143.3
144 7
149.6
94.6
' 140. 9
133.6
154 3
137.5
' 123. 1
392
' 122. 8
July
CONSTRUCTION AND REAL ESTATE—Continued
1
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
( U S Department of Labor)
number
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total!
num ber
Privately financed, total!
do
Units in 1-familv structures!
_
do
Units in 2-family structures!
do
Units in niultifamily structures!
do. Publicly financed, total
do
Indexes of urban building authorized:
Number of new dwelling units
1947— 49= 100
Valuation of building totalr
do
New residential buildin°
do
New nonresidential building
do
Additions alterations and repairs
do
86, 100
71,500
72, 100
79, 200
105, 800
111, 400
108, 300
40, 780
38, 305
30, 845
2, 521
4,939
2,475
38, 170
34, 029
26, 309
2,609
5,111
4,141
38, 776
35, 103
26, 858
2,511
5,734
3,673
44, 857
40, 199
31, 401
2,817
5,981
4,658
65, 421
56, 153
44, 648
3,360
8,145
9,268
60, 196
57, 222
46, 074
3,524
7,624
2,974
55, 199
52, 742
42, 478
3,296
6,968
2,457
54, 053
51,721
41,351
2,635
7,735
2,332
47, 133
46, 563
36, 975
2.896
6.692
570
45, 918
44, 836
35, 673
2.246
6,917
1,082
88.9
114.3
117.9
114 6
100.0
83.1
108.9
106. 6
119 6
92.8
85.0
106.6
107.4
108 5
99.6
95.8
120.2
124.9
118 2
106.8
142.8
170.0
193.4
148 7
131.4
133 7
183.4
181 4
200 9
151 2
120.7
164.4
164.4
172 5
145.9
118.0
160.0
160 3
159 8
159.5
103.3
159.7
144.9
184 5
158.0
99.6
144.9
141.0
154 4
137.9
120.5
120.6
383
' 120. 8
120. 7
' 120. 8
383
120.8
' 121. 1
' 122. 1
385
' 123. 1
564
604
572
521
551
398
567
604
573
522
558
399
568
611
574
522
560
398
398
573
616
592
526
568
580
639
601
526
574
583
639
601
526
574
583
639
601
521
574
411
411
416
417
418
418
246.4
245.3
253.4
246.3
245.1
253.3
246.6
245.6
254.1
249.7
248.0
250.0
255. 8
232.3
249.8
248.5
249.9
255.5
232.3
253. 8
250.3
125.7
129. 8
104, 600
238
CONSTRUCTION COST INDEXES
Department of Commerce composite! 1947-49=100-Aberthaw (industrial building)
1914=100
American Appraisal Co., The:
Average, 30 cities
1913=100
Atlanta
..
.. .__ .. _ do
New York
do
San Francisco
.._'
- - ...do St. Louis
do
Associated General Contractors (all types) _-do
E. H. Boeckh and Associates:!
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete- -U. S. avg. 1926-29=100-Brick and steel
do
Brick a n d wood _ . _ .
. - _ . . . _ do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
_.
do ..
Brick and wood
do
Frame
do
Steel
do ..
Residences:
Brick
.- -do. ...
Frame
do
Engineering News- Record :d*
Building
1947-49=100-Construction
do
Bu. of Public Roads— Highway construction:
Composite standard mile
- 1946=100
T
r
572
616
592
524
568
' 123. 1
584
640
604
524
572
122.9
569
614
579
525
561
572
614
587
525
564
399
401
402
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
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
258.
256
259
242
261
258.
255
257
242
262
258
255
257
242
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
259.0
254 6
258.8
254 l
257.8
252 9
257 9
253 o
125.7
129.6
125.8
129.6
125.7
129.7
126.1
130. 1
126.1
130 0
126. 1
130. 9
128.7
133 4
129.2
135 1
129.0
134 7
129 0
134 8
129 0
r 135 i
128 9
135 0
567
611
574
523
559
138.6
133.2
139.4
0
7
0
0
3
9
6
2
6
5
585
641
609
525
576
2
9
3
8
8
133 9
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
- -_ -1939= 100
Adjusted
do
156.1
157.5
149.0
168.6
145.6
170. 5
143.1
173.4
161.5
170 9
172.2
173.2
167.3
158. 1
176.1
164 6
173.8
163 3
177 1
156 4
v 178 2
P 165 g
REAL ESTATE
Home mortgages insured or guaranteed by —
206, 739
189, 690
211,027
187, 078
193, 370
Fed. Hous. Adm.: Face amount __.thous. of dol__ 183, 801
201, 159
185, 610
193, 071
203, 130
193, 538
185, 545
243, 300
226, 936
215, 950
227, 910
247, 529
Vet. Adm.: Face amount
-do.. - 243, 087
151, 570
241, 928
247, 905
224, 596
291 656
309 429
Federal Home Loan Banks, outstanding advances
864
683
791
644
626
611
627
to member institutions _ ._
_mil. ofdol..
718
746
700
819
801
New mortgage loans of all savings and loan associa639, 133
523, 210
497, 314
541,295
690, 277
677, 941
tions, estimated total
thous. of doL. 522, 681
733, 216
706, 631
757, 569
684, 245
688, 142
By purpose of loan:
147, 444
164, 177
161, 405
163, 074
231, 676
205, 584
Home construction
do
225, 896
241, 284
217, 925
236, 513
218 785
208 137
339 956
222, 232
248, 448
222, 353
243, 112
288, 443
295, 337
266, 289
327 046
Home purchase
- do
355 316
328 453
318 359
52, 694
49, Oil
49, 739
42, 379
62, 308
Refinancing
do
58, 627
60, 425
59, 961
51, 969
58, 476
52 094
50 671
Repairs and reconditioning- . .
do
18, 408
19, 730
25, 121
20, 253
20, 148
27, 643
26, 062
27 307
27 438
27 043
27 204
27 059
79 831
63, 733
60, 219
61, 973
53, 968
All other purposes
do
77 115
77 618
76 994
69 343
80 221
69 780
71 845
New nonfarm mortgages recorded ($20,000 and
under), estimated total
_ thous. of dol._ 1, 492, 390 1, 553, 457 1, 400, 615 1,391,203 1, 626, 602 1, 708, 623 1, 698, 634 1, 769, 259 1, 797, 760 1, 709 392 1 728 508 1 745 841
13.1
11.8
14.0
13.4
10.6
12.8
13.2
13.0
Nonfarm foreclosures, adjusted index -1935-39=100.14.8
14.2
13.6
76, 659
74, 127
83, 471
72, 706
65, 129
64, 239
67, 362
Fire losses
thous. of dol
107 713
67 644
74 938
68 613
68 551
172, 353
284 905
68 064
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?
. __
1950-52=100
473
570
408
330
371
256
159
488
539
394
323
373
265
162
465
556
390
338
382
238
160
466
564
411
332
369
235
154
500
571
421
361
398
249
178
498
564
426
350
391
249
181
507
570
429
357
399
241
191
512
565
438
356
387
246
198
541
560
420
362
412
278
238
504
578
382
354
394
265
197
524
575
417
377
395
258
196
531
569
441
366
405
238
217
539
642
432
363
418
244
222
Tide advertising index, unadjusted... 1947-49 = 100..
157.6
127.3
119.6
134.4
164.9
171.6
174.6
158.6
126.6
124.8
161.8
188.8
183. 3
T
Revised.
* Preliminary.
{Revisions for dwelling units authorized for January-July 1952 will be shown later. Minor revisions back to 1915 for the Department of Commerce construction cost index are shown in
the May 1953 Construction and Building Materials Statistical Supplement.
§ Copyrighted data; see last paragraph of headnote, p. S-l.
cf Data reported at the beginning of each month are shown here for the previous month.
9 Notice that the base for television differs from that of other media.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
November
J a n u a r y 1'.>.~>4
December
January
March
April
May
June
July
August
September
October
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Radio advertising:
Cost of facilities, total
thous. of dol . .
Automotive, incl. accessories
do
Drugs and toiletries
. . _ do .
Electrical household equipment
do
Financial and insurance
_
doFoods, soft drinks, confectionery
..do. ..
Gasoline arid oil
do
Soap, cleansers, etc
do Smoking materials
do
All others.
do _ . _
Magazine advertising:!
Cost, total
A pparel and accessories Automotive, incl. accessories
Building materials - __
Drugs and toiletries
Foods, soft drinks, confectionery
Beer, wine, liquors
.
do.do. .
do
do
do
-do
do
Household equipment and supplies __ do _ .
Household furnishings
do
Industrial materials
do
Soaps, cleansers, etc.- .-_
-do
Smoking materials
do
All other
_
. _ . -do.. Linage, total
thous. of lines..
Newspaper advertising:
Linage, total (52 cities) - _
Classified
Display, total
__
Automotive
Financial
General
Retail
__
.
do...
do
._ do
do
do do
do
14, 478
640
3, 787
14, 925
522
4,278
474
285
357
323
3,424
3,789
366
446
1,482
1,277
1,588
1, 322
2,301
2,744
63, 849
4,296
5.102
2, 363
7, 657
8, 753
3, 250
48, 083
3, 802
2, 507
942
5, 502
6, 957
4, 261
3,209
13, 878
598
4,212
388
215
3, 510
446
1,192
1, 295
2,022
12, 660
397
3, 846
329
203
3. 178
409
1. 118
1,291
1,890
14, 661
521
4,403
349
234
3, 557
454
1,324
1,463
2,357
14,218
508
4, 268
385
293
3. 606
402
1, 331
1,415
2,079
14, 107
511
4,288
377
236
3, 549
372
1, 238
1,420
2,115
13, 246
557
4,129
433
238
3, 046
386
1,372
1,370
1,715
12, 226
607
3,684
435
226
2, 985
412
1,335
992
1,550
11, 706
679
3, 363
366
290
2,689
396
1,304
876
1,742
12, 163
739
3,468
425
291
2,665
345
1,368
929
1,932
13,699
979
3.785
379
286
3. 100
338
1,429
1.271
2,133
35, 018
1,563
4, 033
1,343
4, 461
5. 173
1,480
50, 682
3,271
4,744
2,099
6, 068
8,758
2, 314
65, 645
5,884
6,199
3, 343
7,018
9, 653
2,606
65, 525
4, 593
6, 135
3, 832
6, 425
8,230
2,625
67, 606
5, 536
6,400
4,340
6, 572
7,831
2,630
57, 876
3,771
5,894
3, 498
7,150
8,016
2,452
37, 505
932
4, 265
1,832
5,744
6,179
1,809
42, 740
4,300
4,977
1,881
5,429
6,056
1,402
60, 152
7,110
4,484
3,428
6,419
7, 433
2,062
72, 670
5,853
5,770
3.604
7,915
10,010
3,126
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
1,061
1,754
18, 753
4, 175
1,429
1,527
17, 838
1,669
13, 555
1, 013
938
2, 639
830
1,112
10, 434
4,299
3,162
3, 667
4,251
4,991
4,699
4,445
3,360
3,205
4,136
4,965
5, 230
4, 406
234, 873
52, 399
182, 474
10. 734
219, 798
45, 563
174, 235
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, 51 5
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
6 672
121.82S
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
113,791
4,171
3,290
1,744
3,118
818
2,400
8,847
2,550
34, 359
134, 981
24, 506
138, 332
POSTAL BUSINESS
Money orders issued (50 cities):
Domestic:
Number
Value
thousands
thous. of dol
6, 275
7. 299
114,728
131,677
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and Cervices total
bil of dol
Durable goods total
Automobiles and parts
Furniture and household equipment
Other durable goods
Nondurable goods total
224.4
227. 7
230.4
231.0
do
do
do
do
28. 2
11.5
12 3
30. 2
13. 4
12.4
4.4
30 7
14.3
12 1
4.4
30.4
13.8
12.3
4.3
do
121. 1
21 5
73 5
6 1
2. 1
5 2
121. 2
20 9
74.2
6 2
2.0
5. 2
12 8
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
Food and alcoholic beverages
do
Semidurpblc housefurnishings
do
Ofh
d
bl
0nods
Services total
Household operation
Personal services
Recreation
Transportation
Other services
4.4
do
do
do
do
do
do
do
1
9
5
3
1
4
0
121.3
19.9
74.5
6.5
2.2
5.2
12.9
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
122
20
74
6
2
5
13
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total. -mil. of doL.
Durable-goods stores _ _ __ - do
Automotive group
do
Motor-vehicle, other automotive dealers
mil. of dol..
Tire, battery, accessory dealers
do .
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance radio stores. do
14, 008
4,514
2,319
16, 910
5,214
2,378
13, 054
4,450
2,546
12, 329
4,357
2,501
13, 956
4, 969
2,848
14, 167
5, 139
2,919
14,665
5,400
3,093
14, 578
5, 480
3,033
14, 385
5 378
3,068
14,176
5, 189
2,838
14,082
5,003
2,737
' 14, 951
' 5, 319
' 2. 926
14, 029
4. 775
2 582
2,166
153
481
342
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
35C
2, 594
143
724
389
334
r 2, 770
156
'830
'475
T
355
2, 435
147
811
476
335
812
878
593
219
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
854
617
237
8,604
7,972
9,027
9,264
8,986
11, 696
9,493
Nondurable-goods stores
do
866
616
893
740
888
1,003
1, 533
Apparel group
do
184
184
145
188
187
259
427
Men's and boys' wear stores
_ _ do
362
254
375
286
368
384
560
Women's apparel, accessory stores
do
173
156
126
190
216
353
170
Family and other apparel stores
do
149
91
194
155
150
144
111
Shoe stores
_
_ _ _ _ ..do. 383
392
381
387
385
513
397
Drue and proprietary stores
do
1,024
1, 055
1,044
1,109
1,008
1,085
940
Eatins and drinking places
do
f
Revised.
{Unpublished revisions for magazine advertising for January and April through November 1952 will be shown later.
9,097
873
198
342
172
161
396
1,093
9,007
708
149
277
151
131
392
1,181
8,987
699
133
276
161
129
390
1,188
9,080
840
156
324
192
167
377
1,147
Lumber, building, hardware group
do _ _
Lumber, building-materials dealers. -do
Hardware stores
- - do
823
r
9, 632
'902
' 177
'361
'205
'158
'394
' 1, 134
9.254
884
193
344
203
144
376
1.060
S-9
SUEVEY OF CURRENT BUSINESS
January 1054
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
November
December
January
February
March
April
May
June
July
August
September
October
November
DOMESTIC TRADE—Continued
R ETAI L TK ADE— Continued
All retail stores — Continued
Estimated sales (unadjusted)— Continued
Nondurable-goods stores — Continued
Food group
mil. of dol_.
Grocerv stores
do
Gasoline service stations
do
3,427
2,763
852
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, 306
2, 757
898
General-merchandise group
do
Department stores, excl. mail-order _ _ . do
Mail-order (catalog sales)
do
Variety stores __ _
_ _ _ _ do
Other genera] -merchandise stores
do
Liquor stores
_ _
do
1,769
978
139
257
395
289
2,790
1,521
187
521
561
411
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
1,747
963
140
257
388
298
Estimated sales (adjusted), total
dc
Durable-goods stores
. __
do
Automotive group
do
Motor-vehicle, other automotive
dealers
mil. of doL_
Tire, battery, accessory dealers
do
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
14, 026
4,769
2.548
14,410
4,871
2,617
14, 140
5 000
2, 738
14, 514
5, 304
2, 951
14, 437
5.211
2,802
14. 280
5. 124
2,856
14, 424
5, 154
2,871
14.412
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
14, 192
5, 042
2,832
2, 388
160
790
468
322
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
2, 681
151
752
441
311
841
622
219
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
885
651
234
do _.
do .._
do
do
do
do
9, 257
897
216
358
177
146
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, 1 59
812
168
320
193
131
9,117
766
168
310
175
144
'9,011
'768
'155
'299
'169
'146
9,150
805
165
318
171
151
do
do ...
do
do _ . _
do
398
1,051
3. 362
2, 735
875
411
1, 091
3.372
2. 730
893
414
1,087
3, 353
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
386
1,064
3, 391
2, 855
919
General-merchandise group
do
Department stores, excl. mail-order.. do
Mail-order (catalog sales) _..
do ...
Variety stores
do
pther general-merchandise stores
do
Linuor stores
do
1, 586
884
111
239
352
256
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
r
343
r
274
1, 566
858
106
252
351
282
' 20, 476
* 9, 540
r
10, 936
' 21, 347 r 22, 649
' 10, 059 * 10, 698
' 11,288
' 11,951
* 23, 101
'•11,228
' 11,933
' 22, 760 ' 22, 141
' 11,028
' 10. 737
' 11. 732 '11,404
'22,112
' 10, 706
'11,406
' 22, 448
' 10, 547
' 11,901
r
23. 023
' 10,615
' 12,408
23, 584
r
10, 589
' 12, 995
23, 638
10. 402
13, 236
r 21, 518
' 22, 743
' 21, 707 '21,981
' 22, 387 ' 22, 455 ' 22, 294
' 22. 775 ' 22, 924 ' 22, 720 'T 22, 439
' 10, 149
' 10, 730 ' 10, 624 r 10, 921
' 10, 303
10, 522
' 10, 543 ' 10, 52;) r 10, 472
' 10, 727
r
' 3, 363 ' 3, 431 ' 3, 569 '3.52S
' 3, 875 ' 3. 785
' 3, 573 ' 3, 810
' 3, 737 r 3, 937
r 2, 003
'1,981
' 2, 035
* 2, 048
'
2,
028
' 2. 070 M,980
'1,978
2,
038
' 1,987
r
' 2, 497 ' 2, 529 ' 2, 567 ' 2, 572 r 2, 574
2, 375
' 2, 555 ' 2, 531 ' 2, 520 T 2, 424
Lumber, building, hardware group
Lumber, building-materials dealers
Hardware stores
Nondurable-goods stores
_- .. Apparel group .. - Alen's and bovs' 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
-
Estimated inventories:!
Unadjusted, total
_
Durable-goods stores
Nondurable-goods stores
_.
do
do
do
do .
do
do
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
Firms with 11 or more stores:
Estimated sales (unadjusted), 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
r
r
* 20, 234
22, 775
' 9, 708 ' 9, 162
r
11, 072
13, 067
' 21, 540 r 21, 592
r
' 9, 906
9, 780
r
3, 134
'3,171
r
1,961
"1,977
' 2, 523
' 2, 462
r
' 9, 897
'3,215
'1,973
r
2, 471
'11,558
'11,678
'11,929
' 11,844
••11,621
'11,686
11, 760
r
'• 2, 418
' 2, 500 ' 2, 528 ' 2, 487
2, 500
' 2, 513 ' 2, 490
T
' 2, 224
' 2, 244
' 2, 258 '2,317
2, 282
' 2, 301 r 2, 301
'3,851
' 3, 756 ' 3. 770 r 3, 851
' 3. 733 ' 3, 685 ' 3, 656
' 12, 013 ' 12,151
'11,822
' 2, 628 ' 2, 593
* 2, -r;06
' 2, 235 '2,214
' 2 35?
' 3, 923 ' 3, 897
' 3, 824
T
r
'11,993
' 11,917
12, 003
' 2, 573 ' 2, 573 r 2,563
' 2, 299
' 2, 324 '2,314
' 3, 842 ' 3, 857 ' 3, 800
do
do .
do
do
do
do__~
do
do -
2,666
182
21
74
49
60
50
31
3,457
293
35
119
80
87
55
32
2,285
132
15
51
38
60
50
20
2, 145
119
13
47
36
57
47
22
2,485
188
19
74
56
60
54
28
2,546
180
17
70
60
60
56
24
2,604
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
2, 524
171
13
65
59
60
60
25
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
835
366
1, 335
539
556
248
543
233
684
302
718
338
747
376
750
362
652
306
705
325
726
335
135
203
1,020
64
49
205
414
1 056
53
75
83
142
1, 039
51
43
78
144
939
47
41
103
172
999
54
49
104
183
1, 013
62
54
102
177
1, 050
63
56
108
184
1,015
68
60
92
172
1,038
67
57
107
18?
1 035
68
55
107
183
1 014
71
47
2,555
175
18
72
50
62
52
29
2,638
195
20
80
56
62
52
22
2, 506
167
16
68
49
63
51
27
2,570
168
18
66
52
62
52
27
2,591
171
18
64
55
61
53
31
2,579
171
17
69
51
63
56
26
2,586
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
735
General-merchandise group
do
817
Department stores
do
345
323
Dry-goods, other general-merchandise
145
119
stores
. _- __ _
mil. of dol
Variety stores
_. do
210
189
Grocery stores
do
1,013
1,003
64
64
Lumber, building-material^ dealers
do
52
53
Tire, battery, accessory stores
do. _ _
r
Revised.
fRevised series. See corresponding note on p. S-3.
727
345
756
359
769
357
745
343
795
377
778
356
782
359
735
328
716
317
'695
r
314
723
319
98
181
995
63
60
101
187
1. 000
69
61
114
189
1, 004
69
57
112
190
1,018
64
58
108
200
99^
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
r 103
r 190
r \ 059
r 53
110
195
1 OW
59
52
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, 760
188
18
73
57
64
' 59
'30
798
'372
r
T
2, 594
179
20
70
50
60
52
32
801
351
' 121
202
1 132
70
'53
122
200
1, 002
59
49
2 529
' 168
15
65
54
63
'57
' 27
2 569
171
16
68
52
63
59
29
r 51
SURVEY OF CUREENT BUSINESS
S-10
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
November
Januarv 1054
1953
December
January
February
March
April
May
July
June
August
September
October
*°™»-
DOMESTIC TRADE— Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49 = 100
Instalment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent.Instalment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Instalment sales
do
.Sales, unadjusted, total U. S.J
Atlanta
Boston
.
Chicago
Cleveland
-Dallas
Kansas City
Minneapolis
New Vot'k
_
Philadelphia
Richmond
St Louis
San Francisco
1947-49 = 100-.
do
do
do
- do
do
do _
do
-do
do
do do
-do
- -.
138
211
183
231
147
226
126
224
123
222
122
220
124
220
123
219
114
214
113
218
125
222
132
229
146
238
48
17
48
17
47
16
44
15
49
17
46
15
46
15
47
15
46
15
45
15
46
15
48
16
47
15
47
42
11
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
46
44
10
134
145
196
221
193
186
194
215
196
175
181
194
214
189
208
85
97
83
83
87
101
86
74
80
82
83
83
91
88
102
80
85
89
101
91
80
81
85
89
89
94
103
124
95
101
107
117
103
92
93
106
110
104
102
104
117
101
104
103
117
106
97
95
103
111
105
105
115
131
106
114
115
127
115
107
101
118
128
118
117
108
114
103
110
111
118
111
98
99
105
112
110
112
89
102
76
89
89
104
31
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
112
115
128
' 114
118
110
114
121
119
111
136
146
129
137
142
144
129
121
129
142
144
136
132
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
112
128
107
113
115
127
112
105
102
108
118
114
112
132
125
132
127
123
128
121
130
126
131
132
128
141
128
142
127
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
293.6
265.8
313. 3
274.9
340.2
313.3
285. 8
348.9
287.6
371.8
308.3
294.1
320.3
292.9
339. 7
343.7
327. 5
386.4
330.6
379.1
316.8
281. 7
334. 8
309.9
369.1
355. 2
313. 0
385. 3
338. 3
394.8
262.6
228.4
269.1
250. 9
349.5
353.9
322. 6
385.0
335.9
428.3
312. 7
278. 3
330.8
291.8
391.4
339.2
317.3
368.4
315.1
400.0
335. 3
295. 9
358. 6
315.0
403.7
303.7
293.8
323.6
292.8
356.0
333. 5
311.5
427. 3
434. 6
458. 2
' 126
129
139
145
132
120
127
143
142
r
132
' 137
115
115
112
111
111
Sales adjusted total U. S *
do
128
129
124
126
128
Atlanta
.do.-.
105
107
105
106
' 104
Boston
do
114
114
110
107
107
Chicago
-- -do .
116
117
115
113
113
Cleveland
do
126
128
125
127
128
Dallas
._ .. ------do - .
114
114
115
115
118
Kansas City
do
108
105
110
104
103
Minneapolis
do
103
103
100
100
' 101
New York
do
112
112
111
109
108
Philadelphia
-- do
124
123
117
113
116
Richmond
do
115
118
113
Mil
108
St Louis
do
119
116
117
116
117
San Francisco
do
Stocks, total U. S., end of month:*
127
119
107
111
137
Unadjusted
_ __
_ __
do _
122
123
122
120
123
Adjusted
do
Mail-order and store sales:
327, 550
258, 518
546, 465
268, 261
Total sales, 2 companies
thous. of dol__ 391, 569
87, 515
155, 594
62, 171
108, 525
62, 778
Montgomery Ward & Co
do
240, 036
196, 347
390, 870
283, 045
205, 483
Sears Roebuck & Co
do
Rural sales of general merchandise:
322.5
277.7
554.4
253. 7
432.6
Total U S , unadjusted
..
1935-39=100,
316. 3
254. 3
502.9
238.6
441.5
East
do
308.1
349.5
585. 8
478.2
281.0
South
do 312.1
254. 7
527.9
237. 2
393.7
Middle West
do
352.3
301.9
662.3
286. 3
500. 3
Far West
-_.
do ..
347.9
335. 1
331.8
371.8
333.8
Total U S adjusted
do
326.0
306. 4
330. 8
314.8
310. 5
East
do._379. 9
351. 2
354. 1
411. 7
347.0
South
do
318.4
327.8
351.5
316.3
299.6
Middle West
do_-.
404.9
404.1
418.4
389.0
399.0
Far West
do
WHOLESALE TRADE
9,398
8,242
8,474
9, 332
9, 643
Sales, estimated (unadj ), total f
mil. of doL.
3,134
2,862
3. 139
2,687
3, 068
Durable-goods establishments
do
6,214
6. 504
5. 380
5, 787
6, 264
Nondurable-goods establishments.
do__
'11,584 ' 11,310 '11,404 '11.504 '11,641
Inventories, estimated (unadj.). totalf
do
r 5, 496
' 5, 541 'r 5, 763 'T 6, 002 r 6, 243
Durable-goods establishments
do
' 5. 39X
5, 502
' 5 769
5 641
'6 088
n
r
107
377.7
320. 5
396.8
288. 5
270.9
295.5
277.5
353.0
9,759
9,386
9, 014
9,270
9, 933
10, 186
9,917
3, 296
3, 096
3,344
3.288
3, 079
3, 223
3, 150
6, 463
6, 290
5, 982
5, 935
6, 694
6,589
7, 036
'12,013 -•12,214
Ml, 493 '11,433 '11,453 ' 11, 607 '11,750
' 6, 264 ' 6, 259 '6,127
' 6, 094 ' 6, 077 ' 6, 044
' 6, 107
r 5. 229
' 5, 174
' 5, 326 ' 5, 500 ' 5, 656 ' 5, 936 '6,170
400.8
511.0
324.7
305. 6
332. 5
305.0
407. 5
9,218
2,973
6,245
12, 189
5,905
6,284
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands. . 158, 012
EMPLOYMENT
Employment status of civilian noninstitutional
population :cf
Estimated number 14 years of age and over,
110, 198
total
thousands
52, 208
Male
-- -do
57, 990
Female
do
Civilian labor force, total
Male
_
Female
Employed
Male
Female
_
._
_
Agricultural employment
Nonagricultural employment
Unemployed
Not in labor force
_
158, 233
158, 448
158, 657
158, 848
159, 068
159, 260
159, 473
159, 696
159, 959
160. 228
160, 485
160, 734
110,315
52, 265
58, 050
i 110,648
i 52, 502
i 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
i1 53, 115
58, 652
111,899
53, 190
58, 709
112, 024
53, 260
58 765
i 63, 552
i1 43, 917
19, 635
63, 404
43, 626
19 778
63, 353
43, 709
19 645
1
62, 306
i 43 149
19, 157
62, 242
42 889
19 353
61 925
42 782
19 143
do
_ do
do
63, 646
43, 218
20 428
62, 921
43, 240
19, 681
i 62, 416
i 43, 334
i 19 082
62, 712
43, 692
19, 020
63, 134
43, 892
19, 212
62, 810
43, 898
18, 912
62, 964
43, 848
19, 116
64, 734
44, 862
19, 872
64, 668
45, 260
19, 408
64, 648
45, 056
19, 592
do
do
do
62, 228
42 404
19 824
61, 509
42 275
19 234
i 60, 524
i 41 974
i 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
do
do_
do
6,774
55, 454
1 418
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
1
7, 262
i 55, 044
1 246
7 159
55, 083
1 162
6 651
55, 274
1 428
do_-__
46. 552
47. 394
1 48. 232
48, 224
48, 076
48, 490
48, 434
46. 742
46. 874
46. 994
i 48, 215
48. 495
48. 671
1
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.
t Revised series. See corresponding note on p. S-3.
cf Beginning in January 1953, materials from the 1950 Census have teen used in estimating the labor force statistics. Accordingly, the figures prior to January 1953 are not entirely comparable with those for subsequent months. The new materials were introduced gradually over the 3-month period January-March 1953. As a result, estimates of employment were raised by
approximately 400,000 and estimates of persons not in the labor force by about 200,000. The unemployment estimates were practically unaffected. In September 1953, a further revision in
the estimating procedure was introduced, which again affected the level of employment, but not of unemployment. In comparing the estimates for any month prior to January 1953 with
those for later months, the following rough adjustment factors could be added to the pre-1953 figure (or subtracted from the 1953 figure): Agricultural employment— January, 80,000; February,
160,000; March-August, 250,000; September-December, 450,000; nonagricultural employment—January, 50,000; February, 100,000; March-August, 150,000; September-December, minus 50,000;
persons not in labor force—January, 70,000; February, 140,000; March-December, 200,000.
SURVEY OF CURRENT BUSINESS
January 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1<)52
November
S-ll
1953
December
January
February
March
May
April
June
August
July
September
October
November
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
i
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 arid electric utilities
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
General-merchandise stores.
do
Food and liquor stores
do
Automotive and accessories dealers- --do
Finance, insurance, and real estate
do
Service and miscellaneous. _ _ ._
_
do. ._
Hotels and lodging places
do
Laundries
do
Cleaning and dyeing plants
do
Government
do
Total, adjusted (Federal Reserve) ... .
Manufacturing
Mining
.
Contract construction
Transportation arid public utilitiesWholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous
Government . .__
... _ __ _
do _
do
do
do
do do
do
do
do
Production workers in manufacturing industries:
Total (U. S. Dept. of Labor)
thousands. .
Durable-goods industries
do
Ordnance and accessories.
.
do ..
Lumber and wood products (except furniture)
thousands. .
Sawmills and planing mills
_
do
Furniture and fixtures. _
do
Stone, clay, and glass products
. do
Glass and glassware, pressed or blown
thousands ._
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
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 mfg. industries
do
Nondurable-goods industries
do
Food and kindred products
do
Meat products . . .
_
do.
Dairy products
do
Canning and preserving
do
Bakery products
...
do.
Beverages
do
Tobacco manufactures
do
Textile-mill products
.do
Broad-woven fabric mills
do
Knitting mills
. do .
Apparel and other finished textile products ..
. ...
thousands
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
thousands .
Women's outerwear
do
Paper and allied products
... do. __
Pulp, paper, and paperboard mills- -do
Printing, publishing, and allied industries
thousands ._
Newspapers
do_.
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
r
Revised.
*> Preliminary.
r
49, 310
16, 874
9,750
7,124
871
101
62
331
50, 140
16, 952
9,856
7,096
870
102
62
331
48, 382
16, 884
9,880
7,004
866
102
61
331
48, 369
17,013
9,989
7,024
856
101
60
325
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
272
105
2,648
4,286
1,413
132
684
49
539
273
102
2,497
4,293
1,406
132
687
49
541
275
98
2,303
4,210
1,368
126
685
49
541
272
98
2,280
4,210
1,356
132
689
48
541
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
10, 650
2,780
7, 870
1,626
1,382
801
1,973
5,266
446
342
175
6,742
11, 218
2,787
8,431
2,013
1,407
815
1,978
5, 237
447
342
173
7,095
10, 283
2, 747
7,536
1,407
1,371
808
1,969
5,192
443
342
172
6,675
10, 214
2,743
7,471
1,355
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
r 10 334
2 733
7 601
1 356
1.391
48, 857
16, 755
870
2,571
4,293
10, 366
1,993
5,292
6,717
48, 957
16, 870
871
2,548
4,281
10, 397
1,988
5, 290
6,712
49, 014
16, 949
872
2,531
4,246
10, 437
1,989
5,298
6,692
49, 113
17, 039
867
2,562
4,261
10, 445
1,987
5,300
6,652
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
13, 634
7,916
134
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
730
433
329
461
704
420
330
458
676
406
329
451
677
404
332
453
688
408
333
459
701
416
329
462
713
422
322
461
88
1,126
87
1,137
87
1,139
88
1, 142
90
1, 145
91
1, 144
557
561
562
563
564
41
41
41
42
903
922
931
125
1,260
872
1,450
735
510
137
56
237
415
125
1,301
893
1,484
750
524
140
58
240
404
122
1, 313
899
1,509
769
531
139
58
241
393
5, 718
1 142
254
80
172
187
132
109
1,146
506
239
5,689
1 093
256
78
143
184
129
108
1,146
508
236
1,104
122
49, 409
r 49, 578
" 49. 206
r 49. 629
r
r 17. 258
' 17 008 " Hi 711
17, 208
r
9 939
*• 9 694
' 10 00ft
<• 9 865
' 7, 252 ' 7 269 * 7 143
r> 1 017
v S12
' 812
fr 831
' 828
100
100
p 99
100
49
50
50
v 283
291
284
'292
284
'106
' 2 715
' 4 337
r
1 407
' 129
704
48
561
'851
2 076
5 '409
r 538
280
' 106
' 2 712
' 4 324
1 395
' 129
'698
48
556
' 10 452
2 732
7 720
1 419
1.397
'849
2 054
5 '388
r 481
351
176
347
181
6 449
6 663
274
' 105
r 2 723
4 310
1 383
v 104
p 2 611
p 4 276
128
700
48
552
10 603 P 10 735
' 2 764 P 2 782
P 7 953
T 7 839
T 1*497
P i 585
'1,419
p 1. 427
P862
'854
r 2 047
P 2 046
' 5' 326
p 5 296
' 438
348
186
' 6 749
P 6 719
r 49 302
T 17 126
* 821
T 2 514
r 4 287
r 10 489
r 2 055
r 5 329
6 681
' 49 157 T 49 144
r iQ 779
' 16' 9 r )l
' 821
808
' 2 535 r 2 569
' 4 302
4 317
r 10 491
10 550
' 2 064 r 2 ()68
T 5 308
' 5 326
' 6 727
6 685
P 48 743
p 16 ^90
P 811
P 2 535
P 4 283
P jo 448
P 2 067
P 5 323
P 6 686
13 666
8 056
162
r 13 851
T 13 820
r 8 000
' 159
731
432
317
465
718
426
315
456
'722
r 429
91
1 138
92
1,143
87
1 134
562
562
567
571
572
564
561
42
42
43
43
44
44
44
43
942
952
952
952
956
938
••946
••940
'928
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
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
T i 264
1,114
121
1,109
119
1,137
124
1,139
126
1,086
124
1 061
125
1,072
127
1 053
118
T i 109
280
331
435
219
280
347
441
224
279
351
436
223
284
360
437
223
289
356
439
223
289
318
440
222
288
298
440
222
288
309
446
225
277
314
442
225
r 291
T
505
147
161
518
188
505
147
162
518
189
498
144
161
516
190
497
144
159
519
189
499
146
159
526
190
498
146
158
526
191
499
148
158
517
192
502
148
159
513
195
496
146
157
508
195
'499
r g 054
159
715
T
r 315
T 46'}
r
r
466
91
'89
1 128
1,235
r 905
r 1 521
T 775
T 545
' 130
59
239
r 420
404
' 316
r I
J19
121
'1,225
' 913
' 1 477
r 726
r 552
' 130
r 57
242
r 429
5 820
' 1 992
r 240
r 93
r 242
'316
'337
r
182
143
' 107
r i 102
486
931
129
335
r 450
88
182
' 139
'116
r 1 098
485
r 228
r 156
511
'196
'706
420
"680
r 313
P 309
P 459
T 465
92
r \ 105
P i 084
^914
120
' 1, 213 p 1, 201
r 906
P 889
' 1 467 P i 422
721
550
127
57
T 241
r 430
P 243
p 427
r 5 594
T i 205
P 5 570
P 1 134
248
82
236
183
134
'112
1 079
477
225
P 104
p 1 059
' 1 091 ' 1 090 P 1 079
129
128
r 29()
289
317
' 319
454
229
227
r 145
' 13 624 P 13 345
P 7 775
T 7 930
P 149
' 156
r
508
14S
' 159
515
194
r 453
P 451
228
513
150
161
r 512
191
P511
P 510
SURVEY OF CURRENT BUSINESS
S-12
otherwi e ,tated statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
19 52
November
January 1J)H4
December
January
February
March
April
May
June
July
Novell
her
August
September
October
'191
'"146
-214
90
351
••228
'189
145
215
89
'343
'222
186
144
' 210
86
'335
213
"184
'110.1
p 107.9
108.4
p 106.9
EMPLOYMENT AND POPULATION—Continued
I
EMPLOYM ENT— Continued
Production workers in mfg. industries— Con.
Total (IT. 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
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor)
1947-49 = 100-Manufacturing production-worker employment
index, adjusted (Federal Reserve)---1947-49=100..
188
143
220
93
344
226
190
145
220
92
351
231
190
145
213
90
344
224
111.2
110.8
111. 5
110. 5
' 112.0
'111.7
112.4
112.6
112.7
112.4
' 111.0
' 109. 7
240. 604
71,537
112.856
259, 370
91,151
112.583
280, 496
110,780
114,107
312, 091
131,103
120, 212
326, 974
140, 319
124, 974
336, 979
149, 936
123, 676
2 348
'244
2. 331
241
2,313
238
2,291
234
2, 291
234
2, 268
230
2.245
227
2,218
224
1,229
1,219
1,223
1,239
1, 251
1,263
1,274
1,271
'1,258
1,248
1.222
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
p 119. 0
P 115.2
^11 6. 4
v 115.4
150.9
148.4
149. 3
151.9
150.0
149.9
150. 8
148. 9
151.6
r 149. 9
' 149. 2
P I 44. 7
41.1
41.9
41.0
41.7
42.5
41.7
41.0
41.8
41.0
40.9
41.7
41.6
41.1
41.9
41.2
40.8
41.6
40.7
40.7
41.5
41.4
40.7
41.4
41.3
40.3
40.8
41.2
' 40. 5
'41.1
40.9
39.9
'40.6
41.0
40.3
41.0
41.0
v 39. 9
p 40.6
41.2
41.1
42.1
41.3
39.9
41.4
41.4
41.0
42.8
41.5
40.7
41.8
40. 7
40. 3
41.4
40.6
39. 6
41.7
41.0
40.6
41.5
41.0
39.9
41.4
40.9
40.4
41.6
41.3
40.6
41.7
41.0
40.7
41.3
41.1
39.7
41.2
40.8
40. 5
40.9
41.2
39.8
41.3
41.4
41.2
41.0
41.1
40.0
41.4
40.7
40.4
39.8
40.8
39.0
40.9
'40.9
'41.1
'40.9
41.1
'39.8
41.0
'40.3
'40.7
'40.6
40.4
'39.6
'40.3
'41.2
41.5
'41.1
'41.2
39.8
'40.5
* 40. 1
41.1
41.0
41.4
40.9
40.9
40.3
41.1
40.9
40.8
'41.0
'40.4
40.6
41.6
41.8
41.9
41.7
41.7
41.6
41.6
41.5
41.2
'41.2
'41.5
41.4
42.4
43.3
42.4
42.2
42.4
42.2
42.1
42.0
41.3
41.4
40.7
'41.2
41.2
42.6
41.6
41.9
41.9
43.1
37.8
40.0
42.5
42.0
42.1
43.5
42.1
42.7
42.4
43.9
40.2
41.6
42.8
42.3
40. 5
43.0
41.7
41.9
41.4
43.3
39.6
40.7
41.8
41.4
41.0
42.8
41.2
41.8
41.7
43.0 1
38.3
40.6
41.7
41. 1
41.0
43.1
41.5
41.7
41.8
42.3
39.2
40.5
41.9
41.5
40.7
42.8
41.3
41.6
41.9
42.0
39.7
40.2
41.2
41.3
40.5
42.5
40.8
41.3
41.5
41.7
39.7
39. 5
41.6
40.9
40.1
42.2
40.8
41.2
41.5
41.2
39.5
40. 0
41.5
40.9
40.1
41.7
40.1
40.8
40. 7
41.5
39.5
38.8
40. 6
39.7
40.0
'41.8
r
40. 7
'41.2
'41.2
41.8
' 39. 5
' 38. 6
41.0
'40.6
39.0
'41.6
40.6
T
40. 2
'39.7
'41.4
38.2
' 39. 0
41.3
'40.0
40.3
'42. 0
'40.4
'40.9
40.9
41.7
38.6
39.0
'41.4
'40.9
40. 1
41.7
43.4
43.5
36.2
41.5
41.2
38.5
40.4
40.5
39.8
40.5
42.1
44.4
43.6
37.7
41.3
40.9
39.2
40.8
41.0
39.1
39.8
41. 1
41. 7
43.8
38.2
40. 9
40. 3
38.5
40. 1
40.4
38.0
39.8
40.7
40.0
43.9
38.0
41.2
40.4
36.9
40. 1
40.2
38.5
40.0
40.8
40.3
43.4
37.6
41.6
40.2
37.8
40.0
40.0
38.7
39.5
40.4
39.9
43.2
36. 6
41.2
40.6
37.2
39.3
39. 7
37.3
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
'38.9
41.7
'41.6
44.2
'40.4
41.7
'41.8
'39.3
'37.7
37.9
'36.1
'39.2
'41.5
42.5
43.2
39.6
41.3
40.6
'39.5
'38.2
38.2
37.6
p 39. 0
P 41 . 4
37.0
37.6
36.5
37.7
36.4
36.9
36.0
36.8
36.6
'37.4
34.8
35.4
'36.0
36.1
p35. 4
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
'35.9
32.2
42.7
43.8
36.5
34.1
' 43. 0
43.8
p 42. 9
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
'41.4
40.9
'41.1
40.7
'38.8
'36.7
35.6
34.5
'39.1
36.2
40.8
41.2
40.2
'40.8
40.3
39.2
37.3
'35.9 !
34.6
186
144
221
92
363
238
188
144
217
91
355
226
187
144
219
92
359
232
186
144
219
92
359
236
110.2
110.8
110.1
111.0
111.8
109.2
110.0
110. 6
111.2
112.0
250, 904
77, 795
117, 558
239,117
66, 668
116,321
233, 697
65,912
112,723
2, 378
245
2, 370
245
1,260
119.8
121.7
146.3
Miscellaneous employment data:
Federal and State highways, total §
number. _ 284, 896
109, 889
Construction (Federal and State)
do
119,630
Maintenance (State)
.. _. __ ._ do
Federal civilian employees:
2, 383
United States
thousands
246
Washington, D. C., metropolitan area__do
Railway employees (class I steam railways):
1,274
Total
*
thousands
Indexes:
121.4
Unadjusted
1935-39 = 100-.
120.3
Ad justed
do
186
144
219
91
3(14
238
188
144
221
92
355
232
' ; 2()3~
P335
329, 727 P 304. 485
147, 734
128,102
119, 845
117,069
r
2 , 192
222
» 2. 189
P221
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor). .194 7-49 = 100..
r
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
\utomobiles
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
Bakerv 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
37.7
36.7
37.2
37.3
37.3
hours.
38.9
36.4
35.8
37.7
36.8
Men's and boys' suits and coats.
.do...
Men's and boys' furnishings and work
38.4
37.3
37.9
38.8
38.4
clothing
hours
36.3
35.9
36.4
35.2
36.2
Women's outerwear
do
43.3
43.1
43.0
43.8
44.0
Paper and allied products
do
44.0
44.0
44.4
43.9
44.5
Puln, paper, and paperboard mills. _. do. _ _
Printing, publishing, and allied industries
39.1
38.7
38.6
39.0
39.5
nours.
36.0
35.4
36. 3
35.7
37.1
Newspapers
do
40.5
40.4
40.2
39.9
40.8
Commercial printing
do
41.2
41.5
41.3
41.7
41.7
Chemicals and allied products
do...
40.8
40.7
40.3
41.3
41.2
Industrial organic chemicals
do
40.5
40.6
40.9
40.3
40.6
Products of petroleum and coal
do...
40.4
40.5
40.1
40.5
40.7
Petroleum refining
do
41.6
41.1
41.3
41.1
41.9
Rubber products
do
41.7
40.2
40.2
40.8
41.1
Tires and inner tubes
do...
39.3
39.3
39.4
37.6
39.6
Leather and leather products
- _
do.
39.1
39.4
39. 3
39.3
36. 3
Footwear fexeent rubber")
rln
r
Revised.
p Preliminary.
§Total includes State engineering, supervisory, and administrative employees not shown separately.
r
P38.7
J-40.8
P 40. 4
J> 40. 0
P41.0
P41.7
P 40. 0
P 40. 5
P 41.0
P 40. 6
P 38. 3
p 37. 9
p 38. 8
P41.3
p 40. 8
v 36. 2
SURVEY OF CURRENT BUSINESS
J a n u a r y 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1932
xT AATArri
her
S-13
1953
r>orv»T
ber
January
February
March
Aprilil
May
June
July
August
September
October
44.5
28 9
'34 7
43.2
29 5
36 2
40.6
44. 7
37 1
T 4Q {
36 3
40.2
45 5
38 5
49 i
37 5
Noverj
ber
EMPLOYMENT AND POPULATION—Continued
dy hours per worker, etc. — Continued
acturing industries:
hours. .
cite
do
nous coal
do
petroleum and natural-gas production:
)leum and natural-gas production
hours .
tallic mining and quarrying
do . .
construction
do
ilding construction
do
ig construction
do
tation arid public utilities:
dilways and bus lines
do
one
do
ph
do
d electric utilities
do
o and retail trade:
ale trade
-- - - - - - - ..do.
trade (except eating and drinking
ces)
hours -ral-merchandise stores
do
and liquor stores do
motive and accessories dealers do
ml miscellaneous:
vear-round
do
r
ies
do
ig and dyeing plants
do
sputes (strikes and lock-outs):
in month:
p pages
number .
nvolved - .
_.. -- - -thousands _ .
iring month:
ppages
number-,.
nvolved
thousands
die during month
do
)f available working time
oyment Service placement activities:
tural placements
thousands .
ent compensation, State laws (Bureau
yment Security):
ns
thousands _
claims
filed
-do
nnents:
ries weekly average
do
of payments
thous of dol
employment allowances :cf
ns
thousands
claims filed
_ . - . do
payments
thous. of dol
ver in manufacturing establishments:
ate,. ._ monthly rate per 100 employees ..
rate, total
do
e
do
do
do-...
md miscellaneous
do
43.5
35.8
35.5
43. 5
34.5
36.4
43. 0
28.3
35.4
42.9
34. 7
32.7
43.1
26. 6
33.1
43.2
25. 3
32.1
43.8
31.0
34.4
43.7
36.8
36.5
42.7
34.1
34.4
44.0
25 2
37.3
41.5
44.6
37.5
39.0
37.1
40.8
44.0
38.5
40.1
38.2
41.2
42.8
37.2
38. 5
36. 9
40 5
43.2
37.4
38.9
37.1
40.7
44.1
37.1
38. 3
36.8
40.8
44.8
37.3
39.0
36.9
41.2
45.2
37.9
40.0
37.3
40.1
45.7
38.6
41.9
37.7
41.4
45.4
38.1
41.7
37.1
r
41.7
' 45. 9
38 6
r
42 5
r
37 6
45.5
38.9
41.9
41.9
46. 0
38.8
42.1
41.6
44.5
38. 6
41.6
41.7
44.8
38.3
41.5
41.2
44.9
38.2
41.6
41.2
45.3
38.3
41.6
41.1
45.7
38.7
42.4
41.2
45. 6
39. 0
42.0
41.5
45. 1
39.0
42. 0
41.7
r
45
r
0
38. 7
42 0
41. 5
r 44 4
39. 4
42 1
41.8
44
38
41
41
r
1
6
6
7
40.7
40.9
40.4
40.5
40.4
40.3
40.3
40.4
40.5
r
40. 4
r
40. 5
40. 7
39.0
34. 4
39.3
45.1
39. 8
37. 0
39. 4
45. 4
39. 3
35. 0
39.2
45.3
39 2
34.7
39. 1
45. 0
39. 2
34. 7
38.9
45.0
39 1
34. 8
38.8
44.9
39. 0
34.7
39.9
36. 2
39. 9
44.9
r
r
39. 8
35 8
«-T 39. 9
44 6
r
45.0
39.4
35.4
39. 3
44. 9
39. 1
r
35 0
r
39 2
T
44 3
39. 0
34 8
38.4
44 7
42 3
40. 5
40.5
42.9
41.2
41.0
42.4
41.0
40.2
42. 3
40. 5
39. 4
42. 1
40. 6
40.2
42.5
40. 8
40.5
42 1
41. 5
41.9
42.0
40. 9
41.3
42.2
40. 1
39.2
r 42 3
3C) ()
38 9
r 42 0
40 3
40 2
42 6
40 2
40 3
269
99
179
34
350
200
350
120
450
180
500
275
525
270
500
250
475
260
450
230
375
110
350
190
250
100
r 369
82
854
.09
500
250
1, 250
.15
550
200
1,000
.12
650
230
1, 100
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
507
467
474
455
521
553
577
612
574
572
605
544
433
690
2, 576
1,126
3,844
1,074
4, 602
761
4, 223
831
4,288
888
4, 081
802
3, 567
825
3,587
1, 036
3, 648
807
3. 280
822
3, 224
928
2, 933
1 , 256
3, 624
536
47, 730
672
69, 068
953
94, 360
956
86, 827
930
92, 308
840
82, 990
772
72, 144
734
72, 033
675
69, 175
679
64 579
651
65 3CO
656
66 104
80'1
78 ( )7<)
217
249
988
26
93
2, 101
31
134
3,274
24
152
3,671
23
168
4, 407
20
151
3, 892
19
125
3, 144
24
127
3, 095
27
135
3, 322
24
130
3, 234
21
118
3 042
24
90
2. ,598
35
113
3 09(5
4.0
3.5
.4
3.3
3.4
.3
1.0
1.7
.3
4.4
3.8
.3
.9
2.1
.4
4.2
3.6
.4
.8
2.2
.4
4.4
4.1
.4
.8
2.5
.3
4.3
4.3
.4
.9
2.7
.3
4.1
4.4
.4
1.0
2.7
.3
5.1
4.2
.4
.9
2.6
.3
4.1
4.3
.4
1.1
2.5
.3
4.3
4.8
.4
1.3
2.9
.3
4.0
5 ?
.4
1 5
3. 1
3
72 14
77.78
76. 73
71 34
76. 91
75. 85
71 17
77.15
77.38
71 93
77. 52
77. 46
71 40
77. 38
76. 52
71 63
77.19
78.25
71. 63
77.42
78. 88
71 33
76. 70
77. 87
r
T
65. 00
64. 37
64. 63
69. 31
63. 09
62. 47
62. 51
68. 21
63.96
63.34
62.67
69. 29
64.21
63 43
63. 65
70.21
65. 19
64. 71
63. 19
70. 28
66.10
65. 61
62.58
70. 86
67.48
67.16
62.73
70.69
66. 34
65 85
60. 89
70.58
r
r
65. 76
63.15
68. 97
r
r
64.64
82.80
65. 53
84. 02
64. 15
84. 65
66. 23
83.21
67. 80
84.23
67. 89
83. 22
68. 46
83.84
68.40
84.87
67. 08
85. 07
r
86.31
86.51
89. 01
85.89
85.89
84.63
86.72
87.53
89. 76
' 535
215
1,560
.20
2
.7
2.1
.3
r
T
3. 3
4 5
.4
1 8
2. 1
3
2.7
4 4
. ?>
2 4
1.5
3
WAGES
kly earnings (U. S. Department of
cturing industries
dollars
goods industries
do
ice and accessories
do
r and wood products (except furniture)
dollars. .
nills and planing mills
do
ure and fixtures . ._
do
clay, and glass products
do
3 and glassware, pressed or blown
dollars. .
y metal industries
. - do
t furnaces, steel works, and rolling mills
dollars
ary smelting and refining of nonferrous
tals.
-__
dollars
ited metal prod, (except ordnance, manery, and trans, equip.)
dollars. _
ing apparatus (except electrical) and
mbers' supplies
dollars
lery (except electrical)
do
cal machinery. .„-.
do.
ortation equipment
do
mobiles
do
aft and parts
do. _
and boat building and repairs__.do .__
oad equipment
.
do
nents and related products
do
aneous infg. industries
do
70 28
76. 26
75.03
65.92
r 7] ftC)
77 27
78 12
66. 67
T 07 4f)
62 58
71 51
r
71 ()'?
76 73
79 13
66. 09
r (\()
r
r
75
62 52
71 10
68. 46
85 28
* 69. 30
r
85 44
T
90 20
r
90. 90
r
81 16
r
85 49
r
r
r
7 1 73
P 71 02
77 49
71) 54
i' 73 92
66. 74
67 65
64 12
72 10
?' 63. 76
» 63 05
P 70 70
68. 85
84 24 ~ ~ " ~ 8 3 20~
88. 51
77.79
78.58
79. 61
79. 65
79. 65
79.46
79. 46
80.10
80. 34
75.90
78. 37
76. 74
76. 80
77. 59
77.23
77.04
77.28
76. 41
76. 59
75. 70
r
77. 04
p 76. 26
73.34
80.94
70.72
75. 78
83.52
71. 57
72. 90
82.99
71.72
74.21
83.03
71.28
74.21
84.05
72.21
74.48
83.46
71. 86
73. 31
82.88
70.99
72.98
82.29
71. 40
72.98
81.73
70. 58
72 80
81 93
71.63
71 76
82 37
71. 86
74 15
* 83 58
T
71. 51
" 82 98
" 71.20
85.48
89.25
87.11
90. 31
86.04
77.99
81.12
75. 76
65. 57
85. 06
86. 94
85.73
76. 03
79.37
73. 57
64.17
85 69
87.99
85. 14
76. 60
79.98
73.39
64.12
85 49
88. 20
84. 18
78.79
81.41
73.74
64.74
85 70
88.83
83.16
80. 19
81.61
72.10
64.43
84 67
87. 15
82. 57
80.19
79.79
73.22
64. 21
85.70
89. 23
81.99
79.40
81.20
73. 87
63. 80
84 86
87.91
82.59
80.58
77.99
71. 86
62.33
83 62
85 75
82. 80
78. 69
80. 73
74. 34
63. 20
r
84. 48
72. 95
76. 80
74.38
64.26
r
T
T
85 70
88 58
83. 60
r
80. 98
T
78. 36
r 72. 98
T
63. 74
r
r
r
T
T
T
T
r
81 97
r
r
85 48
88 34
84. 23
79. 90
80. 73
74. 52
65. 03
'' 84 65
p 73. 80
P 04. 55
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
1952
November
January 10o4
1953
December
January
February
March
April
May
June
July
August
September
October
November
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
Bakerv products
- - do
Beverages _ .
-do
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
_ _ do _Knitting mills
_ _ __ _.
_do - Apparel and other finished textile products
dollars _ _
Men's and boys' suits and coats . do
Men's and boys' furnishings and work
clothing
"
dollars
Women's outerwear _ ..
do _.
Paper and allied products
do _
Pulp, paper, and paperboard mills. _do
Printing, publishing, and allied industries
dollars -Newspapers
do
Commercial printing
do
Chemicals and allied products
. do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
_ _ . -do
Rubber products
do
Tires and inner tubes
do ...
Leather and leather products
do
Footwear (except rubber)
do _ .
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
--do
Crude-petroleum and natural-gas production :
Petroleum and natural-gas production
dollars ..
Non metallic mining and quarrying- .. do
Contract construction .
do
Nonbuilding construction
_do. ..
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities..
.do.. Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)
dollars
General-merchandise stores ..
do. .
Food and liquor stores
do
Automotive and accessories dealers. --do
Finance, insurance, and real estate:
Banks and trust companies
... do
Service and miscellaneous:
Hotels, year-round
do
Laundries
- .- do
Cleaning and dyeing plants.. _. . _ d o - _ Average hourly earnings (U. S. Department of
Labor) :
All manufacturing industries
_ dollars
Durable-goods industries
do
Ordnance and accessories. .
._ - _ do
Lumber and wood products (except furniture)
dollars
Sawmills and planing mills
do
Furniture and fixtures
.
_ .-do
Stone, clay, and glass products
- do
Glass and glassware pressed or blown
dollars, Primarv 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
Bakerv products
Beverages
' Revised.
v Preliminary.
..
.
_. do.
do
do
do
do
... do
do
62.56
64.64
75. 08
65.25
48.51
62.67
72.51
45. 05
55.35
54.68
50.94
63. 59
65.68
77.26
65.84
51.65
62.78
71.98
46.26
55.90
55.35
50.05
62.88
65.35
74.23
67.45
52.72
62.58
70.93
46.59
54.94
54.54
49.02
62.88
64.71
70.00
67.61
53.20
63.04
71.51
45.39
54. 94
54.27
50.05
63.60
65.28
71.33
65.97
53.02
63.65
71.96
47.63
54.80
53.60
50.31
62.81
64.64
70.62
66.10
51.61
63.45
73.49
47.62
53.84
53.20
48.49
63.20
66.17
71.86
67.32
52.26
64.02
76. 54
46.99
53.98
53.73
48.36
63.52
67.14
74.29
68.39
51.44
65. 36
79.66
46.99
53.72
53.47
48.38
63.76
66.88
72. 85
69.73
54. 14
65. 73
80.60
47.87
53.18
52. 93
47.62
48.36
53.70
48.86
54.83
48.81
54.96
49.98
57.30
49.76
59.13
47.73
56.78
47.09
56.93
48.05
58.67
42.29
51.74
72.27
77.26
41.47
54. 30
72. 60
77.43
40.66
54.93
71.55
77.00
41.31
55.69
71.81
77.26
41.86
54. 45
72. 31
77.44
41.58
51.84
71.81
77.62
41.03
50. 34
72.24
77.44
83.07
88.57
81.20
72.56
78.06
87.94
91.98
76.86
87.23
50.76
47.19
84.93
91.64
83.64
72.98
78.28
88.10
92.34
79.19
90.42
53.46
51.09
83. 21
86.38
82.42
72.51
77.33
88.10
91.94
78.09
89. 24
53.06
51.48
83.76
87.82
82.19
73.10
77. 38
87.45
91. 03
79.30
91.80
53. 19
51.61
85.24
89.28
83.84
73.87
79.15
87.89
91.71
80.29
93. 83
53. 84
52.00
85.19
91.36
84.02
74.29
79.76
88.29
91.88
79.32
91.58
51. 79
49.10
85.26
80.91
86.27
84.83
85. 56
91.73
84.71
70.75
87.79
84.08
86.75
81.42
84.48
65.70
81.76
90.47
73.14
88.13
85.02
88.67
87.72
71.28
90.86
87.02
91.68
89.40
70.19
88.16
83.93
88.93
88.29
70.85
89.01
85.19
89.78
77.81
64.57
73.74
78.77
78.66
63. 63
74.10
78.21
76.01
63.69
73.63
78.40
69.19
69. 53
52. 65
37. 15
56.99
71.26
52. 54
38.48
57. 13
71.28
63.76
65. 83
72. 67
68. 51
54. 14
65. 41
' 79. 19
'r 47. 46
53. 04
52. 14
' 48. 63
' 63. 41
' 67. 14
' 76. 96
69.84
r 54. 54
66.72
' 80. 67
' 46. 77
'51.65
50.79
' 46. 93
' 63. 50
' 67. 23
79. 05
68. 69
53. 86
65.67
76.73
' 48. 19
' 52. 33
50. 81
49.26
r> 63. 57
p 68. 72
48.24
57.41
49.78
' 60. 59
46.98
' 57. 35
' 48. 60
58. 48
p 47. 79
41.51
50. 66
72.41
78.68
40. 96
52. 59
73.44
80.10
Ml. 78
' 54. 72
>• 79. 92
' 40. 57
' 48. 94
73. 87
80. 59
41.61
51 . 83
' 73. 53 "V73.~36"
79.28
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
rr 75. 85
80. 79
r
92. 06
* 95. 00
' 76. 81
^ 87. 58
'51.79
49. 24.
87.30
93.03
' 84. 80
' 77. 42
83. 85
' 93. 71
97.27
'74.11
'81. 11
49.48
45. 89.
' 86. 80 p 85. 75
92.31
85. 27
75. 81 " " V 76. 82"
80. 40
'91.80 "VQLSO"
94.71
74 87
82. 06
r
49. 90
P49.96
46.02
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
r
92. 88
' 95. 23
'71.38
' 86. 06
90.29
73.46
89.41
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
'r 94. 18
96. 05
* 93. 62
' 92. 16
78.23
' 90. 90
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' 90. 75
90. 05
79.17
95. 10
96.41
94. 50
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
r 78. 75
64. 24
74.76
'81.34
' 78. 59
68.16
77.46
' 82. 76
78.06
66.39
74.05
82. 15
69.08
69.66
69.89
70.12
70.93
71.10
72.09
'71.91
' 72. 50
72.45
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
'r 56. 12
39. 74
' 60. 25
' 74. 48
' 55. 52
' 39. 20
' 60. 37
' 73. 10
55. 38
38.98
59.14
74.20
'
'
'
'
r 73. 61
r
r
f 47. 11
p 51.54
53.42
53. 56
54.29
54.61
54.40
54.47
54.65
54.28
54.90
55.00
' 55. 05
55. 44
37. 22
38.88
44.96
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
' 38. 64
39.90
46.63
39.19
39.40
46. 75
1.71
1.82
1.83
1.73
1.83
1.84
1.74
1.84
1.85
1.74
1.85
1.86
1.75
1.85
1.88
1.75
1.86
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
1.78
1.89
1.93
1.78
'1.89
1.94
» 1. 78
pl.89
Pl.91
1.60
1.60
1.50
1.67
1.57
1.57
1.51
1.67
1.55
1.55
1.51
1.68
1.56
1.56
1.51
1.69
1.57
1.57
1.53
1.70
1.59
1.59
1.53
1.71
1.62
1.62
1.53
1.72
1.63
1.63
1.53
1.72
1.63
1.63
1.53
1.73
'1.63
'1.64
1.53
1.74
'1.64
'1.64
1.54
1.76
'1.62
1.63
'1.56
'1.75
pl.56
*1.75
1.62
2.00
1.61
2.01
1.62
2.03
1.66
2.01
1.67
2.02
1.71
2.02
1.72
2.03
1.71
2.05
1.72
2.08
1.72
2.08
'1.75
2. 12
1.73
'2.08
p 2. 08
2.10
2.11
2.15
2.10
2.10
2.10
2.11
2.14
2.20
2.20
2.25
2.18
1.87
1.88
1.90
1.91
1.91
1.91
1.91
1.93
1.95
1.97
'2.06
1.98
1.79
1.81
1.81
1.82
1.83
1.83
1.83
1.84
1.85
1.85
1.86
'1.87
*1.86
1.78
1.90
1.70
1.80
1.92
1.70
1.80
1.93
1.72
1.81
1.94
1.73
1.81
1.95
1.74
1.83
1.95
1.74
1.81
1.95
1.74
1.82
1.95
1.75
1.82
1.96
1.76
1.82
1.96
'1.76
1.84
1.98
'1.77
1.84
'1.99
'1.77
"1.99
"1.78
2.04
2.13
1.96
1.93
1.92
1.75
1.53
2.04
2.13
1.96
1.94
1.95
1.77
1.55
2.03
2.10
1.98
1.92
1.95
1.76
1.55
2.05
2.11
1.98
2.00
1.97
1.76
1.56
2.05
2.11
1.99
2.01
2.01
1.76
1.56
2.06
2.12
1.98
2.02
2.03
1.75
1.56
2.05
2.10
1.98
2.02
2.02
1.76
1.57
2.08
2.15
1.99
2.01
2.03
1.78
1.56
2.08
2.16
1.99
2.04
2.01
1.77
1.57
'2.08
'2.15
2.00
2.05
'2.03
'1.78
1.57
'2.08
'2.16
2.00
2.06
2.07
1.80
1.58
'2.09
2.16
2.02
2.07
2.07
'1.80
1.59
*2.09
1.56
1.55
1.73
1.50
1.34
1.51
1.76
1.57
1.56
1.74
1.51
1.37
1.52
1.76
1.58
1.59
1.78
1.54
1.38
1.53
1.76
1.58
1.59
1.75
1.54
1.40
1.53
1.77
1.59
1.60
1.77
1.52
1.41
1.53
1.79
1.59
1.60
1.77
1.53
1.41
1.54
1.81
1.60
1.61
1. 77
1.53
1.39
1.55
1.84
1.60
1.61
1.79
1.53
1.35
1.56
1.87
1.61
1.60
1.79
1.56
1.34
1.58
1.87
1.61
1.59
'1.79
1.55
'1.35
1.58
1.89
'1.63
1.61
'1.85
1.58
'1.35
1.60
1.93
1.62
1.62
1.86
1.59
1.36
1.59
1.89
M.63
* 1.66
"1.59
* 1.80
* 1.59
SURVEY OF CURRENT BUSINESS
January 19.r>4
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
November
S-15
December
January
February
March
April
May
June
July
August
Septem- October
ber
November
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly earnings, etc.— Continued
All manufacturing industries — Continued
Nondurable-goods industries— Continued
Tobacco manufactures
dollars. .
Textile-mill products
-..
do. __
Broad- woven fabric mills
do
Knitting mills
_
.._ -do
Apparel and other finished textile products
dollars _ _
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollarsWomen'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
Service and miscellaneous:
Hotels, year-round
do
Laundries
do _ _
Cleaning and dyeing plants _
_
do.
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr..
Skilled labor
.
..do
Farm wage rates, without board or room (quarterly)
dol per hr
Railway wages (average class I)
do
Road-building wages common labor
do
1.17
1.37
1.35
1.28
1.18
1.37
1.35
1.28
1.21
1.37
1.35
1.29
.23
.37
1.30
1.50
1.31
1.49
1.09
1.47
1.65
1.74
.35
.30
1.26
1.37
1.34
1.30
.28
.37
1.33
1.51
.34
.52
1.32
1.52
1.08
1.50
1.65
1.74
1.09
1.53
1.66
1.75
.09
.53
.67
.76
1.09
1.50
1.67
1.76
2.13
2.44
2.02
1.74
1.89
2.15
2.47
2.05
1.75
1.90
2.15
2.44
2.04
1.76
1.90
2.17
2.46
2.06
1.77
1.92
2.15
2.26
1.87
2.17
1.35
1.30
2.17
2.28
1.89
2.20
1.35
1.30
2.17
2.27
1.90
2.22
1.35
1.31
1.96
2.26
2.43
1.95
2.48
2.52
2.18
1.64
2.35
2.18
2.39
r
.27
1.37
.34
.30
1.27
1.36
1.34
1.29
1.28
1.36
1.34
1.2S
1.22
1.36
1 33
1.29
.29
.51
.29
.51
1.32
1.59
1.34
1.56
1.36
' 1.62
.10
.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
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
2.17
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
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
2.15
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
1.71
1.66
1.76
1.88
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
1.70
1.70
1.71
1.72
1.73
1.74
1.76
1.76
1.78
1 78
1.35
1.08
1.45
1.58
1.32
1.04
1.45
1.57
1.36
1.11
1.47
1.57
1.37
1.10
1.47
1.59
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
.88
.96
.88
.96
.89
.96
.89
.97
1.11
1.12
1.11
1.12
1.15
.91
.98
91
.98
r
1.12
.90
.98
r
1.12
.89
.97
1.14
1.817
2.937
' 1. 820
2.937
1.817
2.942
1.817
2.946
1.821
2.949
1.824
2.950
1.824
2.955
1. 906
1.873
1.873
1.31
1.902
1.857
1.862
1.40
455
464
.34
.30
T
T
1 12
1 55
1 70
1.80
2.21
2 51
2 09
1 85
1 99
r
r
2.25
I 73
r 2 44
r
2 26
r
2 49
r
'2.22
2 55
2 09
1 84
2 00
P2.21
r
P 2 25
r
r
1.75
1 66
1.78
1 96
2 48
r
r
2 . 27
1 75
2 45
2 50
1.77
1 73
1 84
I 98
1 77
1 72
1 78
1 97
1 79
1 78
1 42
1 12
1 54
1.65
1 42
1 12
1 54
1.66
r
r
2 25
2 35
1 91
2 20
1.39
1.33
2.24
1 74
2 47
2 29
2 52
r 2 27
r
1 14
1 52
1 71
1.81
p 1 71
p 1 86
p 1.38
2 09
2 49
9 47
2 47
2 49
v 1. 35
2.25
2 57
2 12
1 87
2 05
r 2 14
44
1.35
1.62
r
2 10
r 2
93
v 1.23
v 1 36
1 13
1 52
1 73
1.84
2 24
1.37
1.32
24
2 34
r I
r
T
2 28
2 39
r -[ qi
2 21
1.39
1.33
r 2
r
r
1. 35
'1.62
1.22
1 37
1 33
1 31
1 14
91
.98
1 14
92
.99
1 16
92
98
1 16
1.852
2.979
1.877
3.021
1.921
3.062
1.921
3.073
1.927
3 085
1.877
1.867
1.861
1 52
1 877
1 883
1 895
1 57
417
441
428
408
435
429
478
451
515
475
517
535
534
582
372
714
378
651
.85
.89
r
1.19
1.37
1 34
T
1.30
' 1.933
3 086
89
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper
_
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil. of dol
Farm mortgage loans total
do
Federal land banks. _ .
do
Land Bank Commissioner
do
Loans to cooperatives
. _- __
do
Short-term credit
do
Bank debits, total (345 centers) f
New York City
6 other centers 9
do
do
do
478
575
492
539
433
725
2,221
1,102
1,078
23
421
697
127, 647
44, 209
27, 064
165, 115
63, 091
35, 179
490
511
468
507
408
696
386
720
2,253
1,128
1,106
22
365
760
333
794
313
825
320
855
319
866
312
854
2, 310
1 177
1, 157
19
331
802
145,971
52, 048
31, 660
129, 289
45, 749
28, 126
153, 459
53, 898
35, 339
145, 697
52, 038
32, 742
142, 145
50, 255
32, 283
154,056
56, 623
33, 807
148, 090
51, 799
32, 683
134, 527
45, 516
29, 958
147,830
54, 888
31, 422
149, 738
54,152
31, 778
141,115
50, 470
30, 477
50, 558
25, 546
1,014
23, 880
21, 383
50, 558
21, 055
19, 740
351
25, 598
45.8
50, 389
25, 589
732
24, 246
21, 356
50, 389
20, 976
20, 069
806
25, 671
45.8
50, 243
25, 414
64
24, 746
21, 286
50, 243
20, 396
19, 561
102
25, 831
46.0
50, 466
26, 176
644
24, 964
21, 085
50, 466
21, 068
19, 607
590
25, 872
44.9
49, 994
25, 958
343
24, 989
20, 993
49, 994
20, 623
19,278
476
25, 983
45.0
51, 130
26, 252
329
25, 235
20, 933
51, 130
20, 815
19, 309
493
26, 033
44.7
50, 969
26, 550
413
25, 348
20, 897
50, 969
21, 030
19, 460
634
26, 134
44.3
51,150
26, 133
369
25, 095
21,348
51,150
20, 669
19, 434
347
26, 455
45.3
487
504
Federal Reserve banks, condition, end of month:
51, 852
51, 493
52, 492
51, 948
50, 202
Assets, total
mil. of dol
26, 478
26, 194
24, 927
26, 740
25, 825
Reserve bank credit outstanding, total, .do
1, 309
485
1,895
156
1, 735
Discounts and advances
do
23, 821
24, 697
23, 944
23, 875
23, 806
United States Government securities, .do
21, 986
21, 790
21, 480
21, 367
22, 145
Gold certificate reserves
_ do
51, 852
51, 948
51, 493
50, 202
52, 492
Liabilities, total
do
21, 344
22, 583
22, 515
21,770
20, 421
Deposits, total
. ..
do
19, 950
19, 322
Member-bank reserve balances
do
21, 149
20, 611
20, 511
614
795
715
—285
Excess reserves (estimated).. ..
do._
—570
Federal Reserve notes in circulation
do
25, 949
26, 250
25, 681
25, 638
25, 560
46.2
45.3
45.3
46.5
Reserve ratio
percent..
45.6
r
Revised.
p Preliminary.
§ Rates as of December 1, 1953: Common labor, $1.933; ski lied labor, $3.086.
f Revised series. Bank debits have been revised to include additiona centers an d to represent debits to
9 Includes Boston, Philadelphia, Chicago, Detroit, San Fnmcisco, an 1 Los Ang€Jes.
2,330
1 156
1, 136
demand deposits.
20
Data prior to March 1952 will b e shown la ter.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
19 52
November
January 19H4
1953
December
January
February
March
May
April
June
July
j August
Se
g£m-
October ! N
FINANCE—Continued
i
BANKING— Conti n ued
Federal Reserve weekly reporting;; member banks,
condition, Wednesday nearest end of month:f
Deposits:
Demand, adjusted
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol
States and political subdivisions
_ do_. United States Government
do
Time, except interbank, total
do
Individuals, partnerships,
and corporations
mil. of dol._
States and political subdivision?
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 d o l _ Real-est'dte loans
do
Loans of banks
- ..do Other loansdo
Money and interest rates: d"
Bank rates on business loans:
In 1Q cities
percent
New York City
do
1M
tl
^ r\
r
t "
!
55, 125
55, 373
55, 546
53,811
51,802
54, 176
53, 708
52, 820
53, 395
53, 059
52, 814
54, 692
54. 376
56, 171
3, 610
3, 836
17, 241
58, 264
3,798
3, 567
17, 533
56, 112
3, 894
2, 362
17, 499
55,
3,
3,
17,
342
790
309
622
52, 785
3,828
3, 934
17, 698
54, 608
4,241
1.426
17, 792
54, 185
4. 041
1, 356
17, 917
54, 263
3, 975
2, 469
18, 068
54. 082
3, 736
5 292
18, 085
53 699
3, 834
4, 639
18, 093
54, 639
3, 711
4,434
18, 253
55 965
3.612
2, 346
18, 426
18,383
16, 289
756
12, 564
40, 796
16, 569
763
13. 689
40, 382
16, 528
770
12, 051
39, 626
16, 641
783
11, 863
38, 936
16, 726
777
11,983
37, 180
16, 799
803
11. 382
36. 864
16, 901
829
11, 734
36, 542
17, 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
33, 420
4, 545
2, 488
20, 259
6, 128
7. 376
38, 452
23, 130
1, 612
32, 967
4, 163
2, 467
20, 293
6, 044
7, 415
39, 104
23. 390
2, 002
32, 143
3, 710
2, 458
20, 000
5, 975
7, 483
38, 687
23,011
1,543
31, 478
3, 156
2, 271
20, 123
5, 928
7, 458
38, 775
22, 869
1, 459
29, 547
1, 701
2, 115
19, 881
5, 850
7, 633
39, 647
23, 269
1, 561
29, 249
1, 583
2, 038
19, 857
5, 771
7,615
39, 437
23, 133
1, 540
29, 144
2, 043
1, 850
19, 599
5, 652
7, 398
39, 439
22, 690
1, 547
29, 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
734
6, 081
433
7, 039
807
6, 095
151
7, 253
799
6, 120
480
7, 335
795
6, 147
708
7, 405
808
6, 176
777
7, 665
789
6, 214
611
7, 760
779
6, 257
930
7,847
755
6, 302
948
7, 960
763
6, 326
446
7, 992
1.75
2.71
4.17
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
2.66
2.72
4.17
2 00
2.72
4.17
3.73
3.52
3.71
4 05
2.00
2.74
4.17
1. 75
2'. 31
2.63
2.63
1.75
2.31
2.63
2. 63
1.82
2.31
2.63
2.63
1.88
2.31
2. 63
2. 63
1.88
2.36
2.63
2. 63
1.88
2.44
2.90
2.80
1.88
2. 68
3.22
3. 10
1. 862
2. 25
2. 126
2. 30
2.042
2. 018
2.42
2.082
2.46
2.177
2.61
2.200
i 2. 39
13, 046
2, 555
13, 257
2, 548
13. 359
2, 537
13,421
2,524
13, 550
2, 510
17, 961
7 8"6
4, 962
1,393
3, 750
25, 827
18, 6*4
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
15, 410
7, 524
4, 833
837
2, 216
15,678
15,190
7,310
4, 670
818
2, 150
7, 665
4, 930
842
2, 241
do
do
do.
do
do_-
3,013
1,033
809
299
872
3, 274
1,117
866
308
983
do
do
_ . _ . do _
do
0, 650
2, 100
2, 839
1,731
do
do
.. .-. do do
2,100
1,814
2, 839
1.711
it'
r\
"
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 vear taxable issues
do
Savings deposits, balance to credit of depositors:
New
York
State
savings
banks
mil.
of
dol. _
IT S postal savings
do
3. 685
3 410
17, 374
865
17,311
12,773
13,0fi2
39, 244
40, 254
31, 663
2,317
5, 522
17,250
6. 574
7, 533
39, 705
23, 103
1,763
31.795
2,388
32, 792
2,394
5 399
18,541
6 458
7 462
40, 268
23, 134
1,877
732
6, 365
762
8, 016
726
6, 397
402
7, 935
724
6, 43S
2.00
2.79
4.17
1.88
2.75
3.25
3.13
2. 86
13, 626
2,496
25, 946
19, 391
8, 799
5,217
1, 416
3, 959
7, 797
5, 03 1
851
2,231
3, 173
1.084
832
315
942
7, 143
2, 094
3, 342
1, 707
5, 502
17, 251
6,654
7, 449
40, 294
23, 301
1,663
882
80* ]
7, 9S3
748
6, 449
703
7, 978
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
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
2.231
2.92
2.101
° 72
2.088
2.77
1. 876
2.69
1.402
2. 36
1.427
2. 36
13, 702
2,477
13, 841
2,458
13, 881
2,438
13, 920
2,419
14,014
P 2, 402
14, 056
" 2, 387
14, 141
P 2, 374
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
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
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
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
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
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
6, 823
2, 143
2, 975
1,705
6,
2,
2,
1,
522
118
678
726
6, 555
2,211
2, 613
1, 731
6,
2,
2,
1,
688
246
682
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
2, 094
1,844
3, 342
1,707
2, 143
1,878
2, 975
1,705
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
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
1 726
6. 350
5, 232
5, 061
51
4, 130
842
209
6,300
5,479
11, 870
10, 502
56
10, 719
993
102
4,044
2,849
5,140
10, 323
9,744
51
9,179
939
155
6, 402
6, 041
50
5, 2.18
981
152
2,894
4,380
2, 659
51
1, 698
1,019
125
5. 144
4 695
47
3 947
968
182
6, 119
560
327
3,787
1. 445
5, 477
354
340
3, 647
1.136
5, 423
164
349
3,540
i.370
CONSUMER CREDIT t
Total short- and intermediate-term consumer credit,
end of month
mil. of dol__
Instalment credit, total
do
Automobile paper
do
Other consumer-goods paper
do
Repair and modernization loans
do
Personal loans
do
By type of holder:
Financial institutions, total
do
Commercial banks
._
_ _ - do
Sales-finance companies.
do
Credit unions
- doOther
- do
Retail outlets total
Department stores
Furniture stores
4utomobile dealers
Other
__
Noninstalment credit, total .
Single-payment loans
Charge accounts
__
Service credit
By type of holder:
Financial institutions
Commercial banks
Retail outlets
Service credit
FEDERAL GOVERNMENT
_ .
-
-
14,948
20, 635
9, 692
5,333
1, 493
4,117
988
2,378
923
812
386
1, 830
2, 705
1, 793
FINANCE
Budget receipts and expenditures:
Receipts, total
.
- mil.
Receipts, net
Customs
._- __
Incomc and employment taxes
Miscellaneous internal revenue _ _
All other receipts
. _. _ _
_..
of dol
do
do_do
do_
do...
4,731
4. 151
44
3, 624
888
175
6,003
51
5,024
939
336
43
5,294
856
107
54
3,021
880
90
51
3,998
922
169
3, 619
5,153
3,308
4,568
52
2,395
937
235
47
4,011
955
140
6, 362
6, 241
7,988
6, 187
5, 595
5,161
7,124
6, 068
6, 042
5,737
E xpenditures, total
do
372
1,882
563
179
311
185
1,146
235
237
206
Interest on public debt
._
do._.
351
349
364
350
349
354
369
354
386
351
Veterans Administration
do
3,891
3, 789
3, 746
4,056
3,501
3, 302
3,632
3,890
3,519
4,081
National defense and related activities
do
1,471
1,749
1,966
1,701
1, 434
1, 319
1, 516
1,572
1,966
All other exoeriditures^ .._
do
1,511
r
Revised.
v Preliminary.
1
l
Beginning January 1, 1953, includes 2 /i percent bond of March 15, 1956-58, and 1% percent bond of June 15, 1958.
t Revised beginning 1952 to expand the coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
cfFor bond yields see p. S-19.
tData beginning 1952 have been revised in accordance with recent benchmark materials; revisions for January-September 1952 will be shown later.
8.881
6. 147
1,050
2, 417
SURVEY OF CUREENT BUSINESS
January
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
November
S-17
1953
December
January
February
March
April
May
June
July
August
September
October
272, 937
270, 744
229 785
40 958
2 193
273,
271,
230
40
2
November
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE— Con.
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of dol__
Interest bearing, total
do
Public issues __ __
do
Special issues
do
Noninterest bearing
do
Obligations guaranteed by U. S. Government,
end of month _ _
mil. of do!
U. S. Ravings bonds:
Amount outstanding, end of month
do
Sales, series E
through K
..
do Redemption5
do
267, 432
265,345
226. 557
38 788
2.087
267,
265.
226
39
2
402
323
226
097
079
267,
265,
226
39
2
584
489
187
302
094
264,
262,
223
39
2
485
380
025
354
105
264,
262,
223
39
2
590
550
077
474
040
266,
264,4
22
39
2
266.
263,
223
40
2
520
445
735
710
075
071
946
408
538
125
272,
270,
230
40
2
669
603
009
594
066
273, 206
271, 145
230 157
40 988
2 061
386
291
403
888
095
275,
273,
232
41
2
209
128
115
013
081
51
54
48
50
51
52
52
52
63
63
64
66
74
57, 958
303
340
58, 046
375
422
58, 237
504
435
58, 368
414
368
58, 468
440
430
58, 509
382
426
58, OH
371
570
57, 977
370
523
57, 9629
40
541
57, 940
371
480
57, 882
368
514
57, 860
384
489
57. 8S9
368
438
Government corporation « and credit agencies:
Assets, except interagencv, total _. .mil. of dol
Loans receivable, total (less reserves) . _ . do _ _
To aid agriculture
do
To aid home owners - _ _ ... ... _ __ __ .do_ _ _
To aid railroads . ._ _ _ _ .
do -To aid other iE^rstries -_
do _ ,.
To aid banks
_
do To aid otherfinancialinstitutions. . _do_ _ _
Foreign loans
_ _.
do All other
do
Commodities, supplies, and materials
do _ _
U. S. Government securities
do
Other securities
_
do
Land, structures, and equipment _ . . do.. _
All other assets
. __ _ _ _
do
Liabilities, except interagencv, total
do _
Bonds, notes, and debentures:
Guaranteed by the United States. _ do , _ _
Other
_
. do
Other liabilities _
_do _ _ _
Privately owned interest
U. S. Government interest
267, 391
265, 293
226, 143
39 150
2.098
do
do
29, 945
17, 826
5. 070
2, 603
82
516
O
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
(i)
611
7,713
872
1, 259
2,645
3, 427
3, 240
1,904
3,111
3,224
3 162
53
1, 330
1,728
48
1,107
2,069
51
1 131
1 979
378
26, 456
401
26, 938
415
32 576
36
17
4
2
153
637
997
914
79
536
(i)
718
7,798
821
2 201
2 588
3 430
7, 867
2 430
•
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. o f d o l
Bonds and stocks, book value, total
do
Govt. ('domestic and foreign), total
do _ _
IT. S. Government
do
Public utility do _
Railroad
do
Other
do .
72, 415
65, 010
73, 034
65, 345
73, 621
65, 948
73, 943
66, 269
74, 295
66, 598
74, 686
67 035
75, 063
67 330
75. 403
67 698
75, 855
68 105
76, 244
68 337
76. 612
68 709
77, 121
69 194
77. 552
69 478
' 63, 819
' 39, 999
r
11, 007
* 8, 966
r
11, 472
r
3, 349
r
14, 171
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 Oil
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
41
10
8
11
3
15
262
°77
602
67P
827
412
436
66
41
10
8
11
3
15
621
451
564
634
897
418
572
66
41
10
8
11
3
15
67 294
41 739
10 527
g' ^g12 043
3 4°9
15 740
67
41
10
8
12
3
15
685
976
517
566
132
451
875
68 046
42 190
10 476
8 480
12* 213
3 461
15 971
r
771
r 17, 474
1 490
'r15, 984
2, 301
r
1, 552
r
1 722
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
18
1
If/
2
1
1
759
306
584
722
3'1
694
763
18
1
16
2
1
1
707
444
599
845
3659
70
767
726
18 619
1 615
17*004
2 374
1 707
1 743
18
1
17
9'
3
1
776
818
638
180
402
73°
827
18
1
17
2
1
1
776
950
648
302
413
745
824
19
3
17
2
2, 594
417
508
3,460
1,061
451
2,383
267
450
2. 663
427
534
3, 398
657
583
3, 295
677
543
3, 126
538
608
3,227
600
543
2, 962
477
499
2, 853
504
do
do
do
do...
do
do
do
do
do
do
1,609
113
398
356
136
199
71
150
61
184
1. 948
1, ()()(>
124
424
358
137
177
63
151
50
182
1, 702
117
412
371
140
193
2 075
137
487
444
171
°41
2 000
2 084
138
1 986
126
1 893
4S4
449
179
917
1°5
7?
242
460
436
17°
33
83
1761
(IK
9 '-$9
395
398
156
56
191
2 158
141
519
400
1 74
245
91
200
78
250
Institute of Life Insurance:
Payments to policyholders and beneficiaries, esti' mated total
_.
thous. of dol
Death benefits
do
Matured endowments. _ .'
do
Disability payments
do
A n n u i t y payments
do
Surrender values
do
Policy dividends
__ _
_
do
304 060
141 626
22, 337
7,874
28. 595
45. 127
48 501
417,402
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 %4
365 145
1 64 1 1 4
57, 485
58 118
383 861
169 ''25
39, 094
8, 733
34, 018
60, 133
71 q^g
36] *)77
16'' 43S
36, H73
9, 265
33. <JG8
57, 780
61 713
606. 446
79 568
100, 351
70, 794
71 , 220
284, 513
615, 102
66 738
81,624
48, 531
75. 359
342, 350
682, 325
77 514
94, 784
58, 168
84, 593
367, 266
637. 446
91 "1
87, 337
(50, 022
68, 094
330, 772
574, 765
77 9 1(5
65' 634
48, 224
68. 740
314, 221
633, 800
7 ~) 98 5
61,039
50. 386
83; 828
356, 562
61 9, 800
81 494
91,674
(50, 744
(59, 080
316, 808
581,965
73 330
70, 3(53
53, 064
(59, 463
315, 739
Cash
- _
do
Mortgage loans, total _
. do _
Farm
do
Other
__.
... .. do
Policv loans and premium notes.
. _. do
Real -estate holdings __ _ _ .
do
Other admitted assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total}
mil. of dol__
Group and wholesale }
do
Industrial*
do
Ordinary, total
.
New England _
_ _
Middle Atlantic
East North Central
West North Central
South Atlantic
East, South Central
West South Central
Mountain
Pacific
_ .
-
.
124
426
429
172
230
84
174
7S
230
168 314
40. 498
9, 244
28. 870
53. 198
117,278
Life Insurance Association of America:
r e 4 "7AQ
Premium income (39 cos.), total
do _.. iA'4,
847, 255
/-iO
Accident and health
do
89, 441
70 958
Annuities
do
173, 680
67. 806
Group
do
66, 567
46. 061
Industrial
do
107, 251
68. 809
Ordinary
..do
410, 316
301, 114
7
Revised.
' Less than $500,000.
^Revisions for January-July 1952 are shown on p. S-17 o Ithe October
1953 SURVEY.
91
!'-*!
237
36.314
8, 8U7
35, 049
58, 826
61 975
131
48">
427
165
9
'i7
82
178
73
226
355 2'-"7
1<^ 9gq
37, 168
8, 834
35, 339
;
9
944
531
565
634
952
423
591
789
716
698
087
^7
796
795
18
1
17
2
1
1
777
098
654
444
495
1 ' ST^
2, 758
477
519
2, 908
4079
56
3. 0 12
550
549
1 762
110
371
383
1 r'3
1 939
128
431
424
1 60
1 ( )43
19S
164
69
209
85
170
72
234
34 5 ^85
1 57 326
3^3 180
359 570
35,611
37,155
8, 683
33, 477
54, 548
81 787
40, 792
8, 678
33, 732
60, 1 53
(50 515
39. <S62
8,717
35.971
58, 37(5
(540, 679
^9 945
(502, 574
79 1 5(5
83, 591
52, 442
69, 001
318, 384
627, 683
84 322
80. 720
56, 284
77, 031
329. 320
526
116
1 55
999
78
1~0
68
901
7, 982
33, 904
55, 733
54 S9Q
91 g
81
420
1 50
33
^3
1~7
9
99')
3 "9 1 r>( )
1 f>9
55,' 502
81,955
347, 498
XW"
r,f. ^07
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
1953
1952
November
January 1954
December
January
February
March
April
May
June
July
August
September
October
November
22, 178
-78, 773
1,881
1,754
22, 128
-54,972
10, 100
10, 039
22, 077
-72, 454
3,752
4,306
p 22, 027
-35,091
2,668
2,114
40, 400
11, 500
6,200
39. 800
11, 700
6,200
9,900
6,800
253
6,497
.853
FINANCE—Continued
MONETARY STATISTICS
'Gold and silver:
Gold:
22, 986
22, 563
22, 662
23, 186
23, 337
Monetary stock, U. S
mil. of dol
Net release from earmark§
thous. of doL. -29,004 -263, 189 -171, 747 -324, 127 -106, 511
4,262
3,867
3,813
5,587
1,580
Exports
__
do
1,653
7,746
1,872
1,827
13, 697
Imports
_ do_ _.
64,
000
65,
200
60,
900
66,
700
64,
900
Production, reported monthly total
do
39, 300
39, 300
39, 000
37, 000
39, 000
Alrica
do
12,
400
13,
300
13,
000
13,
600
13,
700
Canada
do
5,200
4,500
4,300
6,000
5,900
United States
do
Silver:
144
270
1,318
506
258
Exports
do
7,272
13, 886
5,009
4, 578
10, 878
Imports
.
. _ do.
.845
.853
.833
.853
.833
Price at New York
dol. per fine oz__
Production:
2, 255
2, 460
2,443
2, 465
Canada
__-thous. offineo z _ _ 2,422
4,394
3,870
4, 054
3, 863
3, 877
Mexico
do
3,362
3,093
3,112
3,175
2,998
United States
do
Money supply:
29, 6,91
29, 754
30, 433
29, 793
30, 236
Currency in circulation _.
mil. of dol
204, 220
202, 100
200, 600
202, 700
201, 000
Deposits and currency, total
do
2, 500
2, 501
2, 300
2,400
2, 500
Foreign banks deposits, net
_
do
6, 200
7, 100
7,100
8, 600
6,918
U. S. Government balances
do
191, 600
191, 000
194, 801
193, 300
191, 600
Deposits ("adjusted) and currency, totaL__do
101,
508
100,
500
97,
400
99,
400
98.
300
Demand deposits, adjusted _ _ . do.
66, 800
65, 799
66, 100
66, 400
64, 800
Time deposits
do
26,900
27,
494
26,
800
26,
900
27,
400
Currency outside banks.-. ... _. do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:f
34.1
34.3
35.1
41.8
37.1
New York City
ratio of debits to deposits. .
24.1
26.9
23.9
24.4
28.3
6 other centers 9
-do
22, 562
-16,814
2,704
9, 685
64, 200
38, 900
12, 900
5,200
22, 537
-48, 857
1,835
1,874
65, 500
39,400
12, 900
6,100
883
6,285
.853
230
5,364
.853
3, 578
11, 296
.853
307
6,548
.853
324
6, 243
.853
403
11, 873
.853
3,066
1,984
3,018
2,504
4,850
2,823
2,452
2,605
1, 909
2, 253
3, 063
2,525
1,969
2,752
2,652
2,005
29, 843
199, 100
2,400
4,600
192, 200
98, 000
67, 200
27, 000
29, 951
199, 100
2,400
4,600
192, 100
97, 500
67, 600
27, 000
35.4
26.0
35.6
25.5
22, 463
22, 277
-68, 516 -171,660
3,654
2,747
1,690
2,255
64, 700
38, 800
40, 600
12, 700
12, 900
6,000
6,800
2, 301
198
5,091
.853
3,558
30, 125
30, 248
30, 398 p 30, 798
30, 275
30, 120
200, 360 v 205, 100 p 204, 800 p 204, 900 p 205, 400 p 206, 800
p 2. 400
v 2, 400
P 2, 500
P 2, 400
2,467
» 2, 500
p 7, 000
5, 333
v 9, 000
P 5, 700
"9,600
P 8, 100
192. 560 p 193, 000 v 193, 400 p 191. 300 P 197, 300 p 197, 400
96,898 v 97, 400 p 97, 500 p 97, 700 p 100, 300 p 100, 200
68, 293 * 68, 400 p 68, 700 p 69, 100 P 69, 600 p 69, 300
27, 369 P 27, 200 p 27, 300 p 27, 600 P 27, 400 p 27, 900
38.9
25.9
36.0
25.0
32.2
23.0
40.2
25.2
35.8
'23.3
P38.4
p 25 9
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
Chemicals and allied products
do
Stone clay and glass products
Primary nonferrous metal
do
do
Fabricated metal products (except ordnance,
machinery, and transportation equipment)
mil. of doL_
Machinery (except electrical)
do
Transportation equipment (except motor ve-
ivr t
' >•i
A~ ~ ~f "
All other manufacturing industries
c\
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
2 871
275
77
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
?36
119
243
212
118
262
194
140
278
165
142
210
159
76
278
290
69
269
298
85
272
316
68
236
283
1,730
1,267
1 287
1 244
244
288
246
0233
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
873
629
601
292
130
179
28
311
311
90
172
49
1,520
1,197
1, 197
758
46
394
0
323
323
44
269
9
1, 185
1, 016
949
560
3
386
67
169
151
16
130
5
1,114
1,005
1, 002
624
13
365
4
109
109
25
81
2
1,069
939
899
480
0
420
40
129
129
6
105
18
1,041
942
927
588
15
323
15
99
99
11
65
24
1, 538
1,323
1,287
597
45
645
36
215
215
16
198
2
Securities and Exchange Commission:
1,604
4, 630
1,783
1, 592
1, 667
2, 079
1,108
Estimated gross proceeds, total
_ _ . d o _ ._
By type of security:
1,422
1,
425
1,
507
4, 383
1,615
1,
902
1,038
Bonds and notes, total
do_ _ .
659
484
536
517
497
731
314
Corporate
do
124
123
116
165
116
119
49
Common stock
__
do
82
62
35
51
47
58
20
Preferred stock
do _.
By type of issuer:
696
818
664
706
731
384
908
Corporate total
do
205
317
286
151
332
116
167
Manufacturing
do
228
249
216
406
261
219
44
Public utility do
32
25
15
50
40
66
27
Railroad
do
13
15
4
34
49
Communication
do
141
101
144
162
48
56
Real estate and
financial
-- _.do
3,899
849
1,119
886
908
1,171
724
Noncorporate total
do
494
491
3,244
503
611
547
480
U S. Government
- do
State and municipal
do....
219
389
392!
390 \
405
349
650
r
l
Revised.
v Preliminary.
Includes International Bank securities not shown separately.
§Or increase in earmarked gold ( — ).
t Revised series. Data reflect change in number of reporting banks and centers; figures prior to May 1952 will be shown later.
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
0
255
3
146
146
3
140
4
3, 053
1,928
1, 430
2. 576
2, 248
1,183
2, 861
988
159
33
1,814
407
82
31
1, 359
243
65
7
2,484
675
47
44
2,014
344
212
23
1,081
292
68
34
1,179
289
342
23
44
418
1,873
1,454
410
521
147
215
10
16
39
1,407
884
522
315
56
98
9
30
93
1, 115
853
260
766
124
247
25
90
254
1,810
1,320
454
579
36
357
6
10
38
1,670
1,070
473
394
80
216
10
5
47
789
370
400
Data are estimated totals based on reports from all manufacturing corporations registered
.„„ _. r
,
. r 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
January 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
S-19
1953
Novem- I December
1
ber
January
February
March
April
June
May
August
July
September
October
November
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, totaldo _ _ _
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. ofdol
Short-term
do
378
897
655
694
684
806
715
1, 161
510
309
756
566
387
293
221
72
51
32
13
5
34
780
661
120
74
45
28
1
43
603
495
108
46
19
25
2
6
635
381
255
51
27
23
1
8
630
438
192
37
10
24
3
17
757
532
225
30
10
13
7
18
612
481
131
68
8
49
10
35
1 046
614
432
91
23
64
4
24
479
384
9f>
22
9
13
1
9
278
169
110
22
2
19
(i)
9
695
421
274
23
3
20
0
38
517
425
92
41
17
19
6
7
364
292
72
16
1
15
(i)
1
6
164
120
25
43
43
27
15
12
48
45
3
56
37
10
327
260
35
216
205
11
65
42
23
34
31
3
56
54
1
283
263
18
245
239
6
39
26
14
4
4
0
47
44
1
148
132
13
257
254
3
49
31
18
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
0
99
94
(i)
285
222
60
334
303
26
23
23
0
43
43
0
415
396
3
145
127
13
210
208
1
9
9
122
87
6
243
225
13
24
24
0
89
88
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
39
^7
1
55
39
9
97
87
10
9
9
0
29
29
0
91
91
0
229, 897
24, 376
403, 043
292, 085
391,872
294, 085
362, 629
110 843
433, 142
333 219
348, 859
144 986
650, 210
228 600
443, 040
151 384
521, 899
172 444
260 063
366 327
475, 595
251, 039
226
265
288
291
230
254
262
304
198
252
185
259
183
281
307
686
254
610
237
689
243
476
1,347
706
878
343
1,362
724
920
1,345
732
908
1 350
730
871
1 513
744
966
1 594
738
1,068
1 671
673
1 193
282
1 684
653
1 216
1 664
651
1 161
1 682
641
1 182
1,624
674
1,070
98.19
98. 62
97.81
98 25
97.66
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
0)
o
15
15
0)
0)
251
248
1
r
r
0)
47
46
0
482, 876
294, 113
399, 977
190, 858
262
318
268
371
1.641
r
1 249
1 654
6^2
1 357
96.74
97 18
75. 25
97 59
98 03
75 70
97 30
97 72
75 78
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
._ _ .
Wheat
mil. of bu
do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances _
Money borrowed
..mil. ofdol
do
do
do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total §
---__
_
dollars
Domestic
_ _
do
Foreign _ _ _ _ _ _ _ _ _ _
__
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (A1+ 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. ofdol..
U. S. Government _ . _ ___ .
do
Other than U. S. Government, total§
do
Domestic
do
Foreign-- _ _ _
do
Value, issues listed on N. Y. S. E.:
Market value, total, all issues.
mil. of dol__
Domestic
do
Foreign. __ _ _
do
Face value, total, all issues §
do
Domestic_.
_.
... .do _
Foreign _
do
Yields:
Domestic corporate (Moody's)
percent __
By ratings:
Aaa
do
Aa
do
(in
A
Baa
_
...
__
do
75.97
115.2
125. 4
75.84
98 09
75.50
672
96.96
96.32
95.68
114. 5
124.0
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
73, 183
83 953
94, 402
105 865
75, 146
85 722
70, 039
76 831
76, 726
90 067
71, 709
88 128
61, 993
79 496
69, 942
83 260
56, 270
64 949
46, 982
54 677
53, 136
61 895
62, 397
77 0^5
48, 741
56 894
71, 599
81, 988
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
78, 042
26
80, 397
0
80, 397
73 417
6,912
60, 288
0
60, 288
52 940
74, 757
1
74, 756
65 013
9, 650
76, 976
0
76, 976
64 778
12, 002
62, 085
34
62, 051
54 611
7 372
68, 751
0
68, 751
60 659
8 094
55, 874
0
55, 874
48 477
7 293
47, 574
56,308
71, 608
6,341
86, 042
45
85, 997
79, 101
6,819
0
56, 308
49 468
6 795
64, 037
8
64, 029
57 153
6 727
59, 622
53 031
6 499
100, 551
98, 621
1,440
102, 405
99, 999
1, 896
100, 256
98, 276
1,492
102, 502
100, 025
1, 967
100, 116
98 200
1,428
102, 510
100, 109
1,891
100,117
100, 666
1,890
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
100,010
103,055
99, 535
97 638
1 , 425
103, 066
100, 665
1,901
1*867
98 142
1 395
104 9634
102 69
1 865
93, 472
91 599
1 400
96 690
94 259
1 861
94, 572
92 613
1 406
96 904
94 471
1 858
96, 506
9 1 r)4()
1 406
99 184
96 7^4
1 856
3.20
3.19
3. 22
3.26
3.31
3.40
3.53
3.61
3.55
3.51
3.54
3. 45
3.38
2.98
3.06
3.24
3.53
2 97
3.05
3 22
3.51
3 02
3. 09
3 25
3. 51
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
40
50
67
86
3 98
3 42
3 62
3 86
3 24
3' 39
3 56
3 85
3
3
3
3
3
3
3
3
3
3
3
3
78,016
115.3
125. 3
7,324
98 211
1,432
By groups:
Industrial
do
3.05
3.04
3.07
3. 19
Public utility
do
3 23
3 19
Railroad _ _
do
3.34
3.37
3.36
Domestic municipal:
Bond Buyer (20 bonds) .
do
2.38
2.37
2.46
Standard and Poor's Corp. (15 bonds)
do . __
2.40
2.40
2.47
U. S. Treasury bonds, taxable
do
2.71
2.75
2.80
r
Revised.
i Less than $500,000.
.Sales and value figures include bonds of the International Bank for Reconstruction
all listed bonds.
T
07
14
30
53
12
18
36
57
23
29
44
65
34
41
58
78
o
47, 574
41 087
6 455
9
9
43
56
88
16
33
47
82
59, 622
o
11
27
40
7'">
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 56
3 27
3 38
3 51
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
3! oo
2 92
2 89
2 82
2 88
2.97
2 69
2* 72
2.83
2 60
2 62
2.85
3 33
Q 4f\
and Development not shown separately; these bonds are included also in computing average price of
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
1952
November
January 1!);)4
1953
December
January
February
March
April
May
June
July
August
September
October
*-™>-
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. of dol
Finance
do
Manufacturing
do
Mining
do . .
Public utilities:
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 ..
253 0
64.7
115.2
2.1
1,736.1
195. 2
1,045.5
141.9
548 1
125.6
170.5
5.0
181 3
44.9
65. 0
2.9
1,251 1
81.4
821.9
86.9
561 2
103. 5
190.1
7.3
221 5
49.0
100.4
2.6
1,249 6
87.6
802.2
87.3
576 0
137.0
200. 6
5.6
220.9
52.0
88.0
2.5
1,235.3
86.4
796.1
86.2
553 3
100.1
205. 9
6.9
10
52.2
2.9
81
6.8
49 7
92.6
88.4
79.2
43.6
95 7
64 3
18.2
57 0
11.8
9
42 0
6.9
15 5
3.2
46 9
89.0
57.7
40 3
27.0
105 0
63 8
30.6
50 1
10.8
1 0
51 8
3.1
7 6
6.0
51 1
94.6
56.4
49.0
21.4
104 3
66.3
14. 1
39 2
8.9
1 0
55.4
10.0
7.6
4.4
51.8
94.7
49.3
50.8
19.9
104 0
65. 9
17.4
41 8
11.3
1.1
57. 0
2 9
7.8
<*«. 4
3. 93
4. 17
1 92
2.87
2 66
2.98
3. 93
4.16
1.92
2.87
2.75
2.98
3.95
4. 16
1 93
2.88
9 77
2 99
3. 95
4. 16
1 94
2.91
2 80
3 01
3. 96
4.16
1 95
3.01
o i^9
3.07
3. 97
4.17
1 96
3.01
2 82
3 09
3.98
4.17
1 98
3.01
2 8?
3.09
3.97
4.16
2 01
3. 03
2 82
3.09
3.98
4. 15
2 01
3.09
2 82
3. 10
3.99
4.16
2 07
3.11
2 82
3.10
3.98
4.15
2.07
3.11
2 82
3.10
4.06
4. 25
2 07
3.13
2 83
3.12
4.08
4. 26
2. 09
3.21
2. 87
3. 16
74.42
78 20
37 36
49.74
76 66
80.89
37 85
51.66
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
71.14
74.28
36 02
48.40
72. 87
76 24
36 81
49.03
69. 34
71.85
37 16
44.39
69.51
72.09
37 20
43.61
72.59
75.90
38 50
45 18
39. 70
45. 56
Yield (200 stocks)
percent-5.28
Industrial (125 stocks)
do
5 33
Public utility (24 stocks)
do
5 14
Railroad (25 stocks)
do
5 77
Bank (15 stocks).
_
do
4 19
Insurance (10 stocks)
do
3 10
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
4 12
(Standard and Poor's Corp.)
percent
Prices:
Dow -Jones & Co., Inc. (65 stocks) -dol. per share. _ 107. 25
Industrial (30 stocks)
do
276 37
Public utility (15 stocks)
do
51 04
Railroad (20 stocks)
do
103 19
Standard and Poor's Corporation:
Industrial, public utility, and railroad :§
Combined index (480 stocks) _ . .1935-39 = 100. _
189.8
Industrial, total (420 stocks)
do
205. 5
190 2
Capital goods (129 stocks)
do
Consumers' goods (195 stocks)
do
175.7
Public utility (40 stocks)
do__
120.9
Railroad (20 stocks)
do
172 4
Banks N Y C (16 stocks)
do
121 5
Fire and marine insurance (17 stocks) . _ _ . do
223. 1
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. of dol
1,331
56, 903
Shares sold
thousands ._
On New York Stock Exchange:
1,145
Market value
mil. of dol
Shares sold
- thousands
43, 340
Exclusive of odd lot and stopped sales
30, 239
(N. Y. Times)
thousands
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of d o l _ _ 117,363
2,777
Number of shares listed
millions . -
5.13
5 14
5 07
5 56
4.18
2 99
5. 1 5
5 18
5 03
5 52
4 18
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
5.51
5 53
5 34
6 15
4.60
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
5. 59
5.60
5 36
6.93
4.45
3 35
5. 53
5. 53
5. 26
7. 05
4 28
3 32
Price per share, end of month (200 stocks). -do
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
8. 54
2 62
11 71
5
5
5
6
4
3
49
52
30
21
49
41
'6 41
4
5
0
5
73.79
7 85
2 85
8 50
7 78
2 79
8 30
7 29
2 70
6 73
232
52
102.
2
4.11
4 16
4 21
4.23
4. 33
4.38
4.47
4.37
4.30
4.30
4. 19
4 15
111.67
285 95
52. 06
109 85
112.25
''88 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 12
100. 98
261 . 90
49.16
94.46
103. 58
270 73
50. 53
95 44
105.82
977 i(>
51 57
97 23
197.0
213. 7
198 5
183.2
123.3
184 6
125 1
230. 5
197.6
214.3
200 4
184.7
124.0
185 2
128 3
231 . 0
195.9
212.0
197 4
183.4
124.4
181 4
128 2
223. 8
198.0
214.5
199 8
185.3
124.9
184 5
128 1
223. 9
190.0
205.5
191 8
177.8
121.5
173 3
122 3
216.0
189. 6
205. 2
192 3
177.6
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
21 5. 7
179.2
192.6
180.2
165.4
119.6
1 56. 1
119 6
209. 7
183.4
197.2
186.6
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
1,906
78, 990
1 , 6nl
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 , 647
57. 885
1.417
55. 897
1 . 1 73
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 1.010
36. 557 : 37. S72
26, 075
22. 234
23, S93
27,172
115,371
2, 862
113,306
2,878
1 1 5, 886
2,882
1 10, 750
2, 889
110,479
2,892
40,516
34. 087
30. 209
42,472
34, 370
120,536
2,788
1 20. 483
2. 802
119,749
2.814
118,223
2,819
114.862
2. 840
°."i 7'^S i
20. 084
117.478
2. 918
115.428
2. 902
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
B A L A N C E OF PAYMENTS (QUARTER LY)J
Export* 5 of Goods
and services total
Merchandise 1 , adjusted
Income on investments abroad
Other services
mil of dol
do
do
do
5 355
4, 073
5 425
4. 256
440
799
5 750
4. 508
450
792
592
690
4 900
3. 682
436
782
Imports of soods and services, total
Merchandise adjusted
Income on
foreign investments in U. S
Other services
do
do
do
do
4, 068
3 000
126
9*2
4, 037
2. 984
111
942
4,313
3, 125
112
1 076
Balance on food? and services
do
-f 1 287
+ 1.388
+ 1,437
+619
9
Trilateral transfers (net) total
Private
Governent
.._ ...
_.
do
do
do.
1 468
4.281
2. 898
107
1 277
_ -
— 127
-1,341
— 1 908
— 120
-1,788
—2 064
— 122
-1,943
— 1 33
— 139
-1,193
U. S. long- and short-term capital (net), total do
Private
do
Government
do
— 275
—347
— 209
— 219
+72
+ 10
+67
+100
-34
— 144
+ 17
— 161
Foreign long- and short-term capital (net)
+ 152
+ 155
+270
do
Increase (— ) cr decrease (+) in U. S. gold stock
mil. of dol
+274
+603
-29
+30
Errors and omissions.-do
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
September 1953 SURVEY.
+ 128
|
+436
1
!
+302
!
+162
I +119
J Revisions for the first 2 quarters of 1952 appear on p. 12 of the
SURVEY OF CURRENT BUSINESS
January 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
November
S-21
December
January
February
March
April
May
June
July
August
September
October
November
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U. S. merchandise:^
Quantity
1936-38= 100. .
Value
do
Unit value
do
Imports for consumption :cf
Quantity
- do
Value
do
Unit value
do
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
1924-29= 100__
Adjusted
do
Total, excluding cotton:
Unadjusted
do. __
Adjusted
- do
Imports for consumption:
Unadjusted
do
Adjusted
do
210
483
202
280
566
203
256
525
205
239
486
204
275
566
205
279
567
203
290
589
203
279
561
201
272
550
202
238
482
203
246
504
204
246
507
206
138
388
280
180
499
277
162
445
276
149
413
278
174
484
277
175
486
278
158
434
276
164
451
275
158
435
276
147
407
278
162
453
279
145
401
277
88
70
110
92
96
96
78
95
90
105
82
102
77
99
70
96
73
99
73
89
81
67
78
59
125
109
151
138
146
153
117
145
141
167
130
156
113
134
105
131
126
157
115
120
130
107
122
98
90
92
128
126
121
116
101
99
121
108
126
119
104
106
105
113
100
111
91
99
116
119
87
86
6,393
7,847
5,720
9,629
5, 109
8,814
4,267
7,703
4,663
8,644
6,292
8,942
6,704
9,282
'
7, 096
r
9, 366
7,013
8,999
Shipping Weight
Water-borne trade:
Exports, incl. reexports©
General imports
thous. of long tons..
do
Valued
Exports, including reexports, totalU
mil. ofdol..
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:
Egvpt
do.
Union of South Africa - _
do __
Asia and Oceania:
Australia, including New Guinea, _ do_ _.
British Malaya
do...
ChinaO
---do
India and Pakistan
_ do
Japan
-- -- do
Indonesia
do
Republic of the Philippines
_
__
do
Europe:
France
do
Germany
do
Italy
- - do _..
Union of Soviet Socialist Republics
do
United Kingdom
_
_
do
North and South America:
Canada
- -- do__ Latin American Republics, total
do
Argentina
do
Brazil
do
Chile
- - do
Colombia
do
Cuba
_ do.
Mexico
do
Venezuela
do.
Ex ports of U. S. merchandise, totals-mil, of dol_.
By economic classes:
Crude materials
thous. of dol
Crude foodstuffs
do.
Manufactured foodstuffs and beverages__do
Semimanufactures 9
do
Finished manufactures 9 _.
__ do ._
By principal commodities:
Agricultural products, total
__ __ _ do_Cotton unmanufactured
do
Fruits, vegetables, and preparations
do
Grains and preparations
_ _
do
Packing-house products, _
_ do
Tobacco and manufactures
do
Nonagricultural products, total
Automobiles, parts, and accessories
Chemicals and related products§
Coal and related fuels
_
Iron and steel-mill products.
do
do
do __
do
.do
Machinery, total §
..do
Agricultural
_
do.
Tractors, parts, and accessories
do
Electrical §
do
Metal working!
_ _ _. __ __ do..
Other industrial
do
Petroleum and products
Textiles and manufactures
do
do. __
T
1,191
1, 390
1,291
1,197
1,388
1,395
1,446
1,376
1,348
1,184
1, 236
37, 338
160, 288
247, 947
244, 874
132, 172
129, 516
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, 165
266, 229
132, 902
118, 165
44, 398
169, 949
249, 390
286, 975
133, 837
122, 970
44, 794
178, 304
246, 325
294, 784
136, 492
130, 991
36, 772
156, 806
218, 145
290, 129
128, 061
128, 519
44, 428
171,427
197, 415
244, 829
125, 391
113,339
42, 155
163, 375
195, 157
233, 792
108, 452
122, 972
50,311
186, 255
229, 393
237, 896
136, 676
132, 205
32. 386
171, 065
240, 196
247, 112
142, 442
129, 351
4, 556
13, 506
2,563
16, 871
6.733
19, 463
3,316
17, 221
4,739
24, 427
4,454
18, 194
3,958
18, 365
4,000
16, 454
8, 234
18, 326
10, 191
14, 507
4,428
1 7, 021
3,280
13, 586
10, 294
2,436
0
14, 079
51, 158
13, 009
23, 988
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
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
26, 531
34, 796
23, 720
45, 577
40, 819
40, 544
40, 572
1
61, 494
30, 601
34, 182
36, 406
0)
53, 139
26, 610
28, 495
17, 145
1
47, 864
34, 598
26, 426
24, 370
2
61, 703
26, 562
26, 514
28, 004
0)
53, 551
39, 882
29, 471
27, 602
3
43, 743
27, 339
25, 755
23, 474
4
39, 048
18, 136
24, 688
16, 232
5
31, 229
18, 718
23, 565
16, 151
0
40, 224
31, 298
26, 444
20, 222
0
54, 183
29, 082
40. 009
15, 972
882
50, 486
244, 873
245, 879
10, 028
25, 708
10, 083
21, 493
41, 194
51, 278
41, 576
1,181
225, 408
265, 206
8,527
30, 423
13, 939
19, 451
40, 394
54, 292
43,012
1, 381
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, 051
8,528
24, 535
38, 095
54, 575
37, 0(10
1,227
247, 104
257, 579
6, 617
21,686
11,517
25, 530
37,157
65, 339
46, 425
1, 236
169, 572
89, 446
58, 876
123, 295
739, 816
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
55, 889
53, 747
53, 977
116, 934
113, 055
113, 751
112, 146
980, 513 1,001,069 1, 051, 475 1,006,585
96, 912
82, 004
60, 494
110, 543
989, 715
127, 461
71, 562
50, 821
106, 992
817, 796
138, 519
77, 693
55, 017
122, 811
833, 312
152, 002
69, 048
60,612
129, 704
824, 482
272, 888
67, 142
21, 999
98, 108
13, 165
31, 980
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
908, 116 1, 056, 596 1,011,168
93, 992
114,891
124, 610
58, 203
58, 674
57, 393
25, 759
35, 150
24, 778
59, 779
67, 751
45, 801
968, 547 1, 128, 114 1, 159, 365 1, 214, 281 1, 171, 602 1, 143, 205
124, 383
162, 186
134, 401
151, 579
142, 195
112,845
56, 273
68, 459
66,601
70, 433
65, 670
71, 700
18, 294
17, 651
29, 329
33, 831
35, 556
33, 107
42, 914
46, 769
41,841
43, 436
45, 860
36, 335
973, 426
97, 338
62, 260
37, 407
33, 139
992, 953
99, 481
77, 504
34, 665
36, 227
994, 333
88, 891
70, 508
35, 099
38, 451
195, 392
7,389
15, 258
47, 728
21, 225
94, 136
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
234, 802
14, 032
26, 756
61, 924
21, 923
101, 273
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
63, 144
55, 496
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
55, 787
47, 792
54, 461
45. 475
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
1, 246
9 1,246
54, 724
54, 131
55, 839
55. 935
l
' Revised.
Less than $500.
d"Revisions for January-July 1952 will be shown later.
©Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
ITotal exports and data by economic classes and commodities include shipments under the Mutual Security Program
Total MSP shipments are as follows (mil. dol.): November 1952-November 1953, respectively—195.0; 275.8; 268.1; 272.3; 328.3; 339.8; 362.6; 371.1; 396.1; 274.1; 203.7; 233.5; 213.5.
AExcludes shipments under MSP and ''special category" shipments not made under this program.
©Including Manchuria beginning January 1952.
9 Data for semimanufactures
reported as "special category type 1" are included with finished manufactures.
§Excludes "special category type 1" exports.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
November
January
December
January
February
March
April
May
June
July
August
September
October
November
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE—Continued
Value cf — Continued
General imports, total
thous. of dol.By geographic regions:
Africa
do
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
do
British Malaya
do
ChinaO
do
India and Pakistan
do
Japan
do
Indonesia
do
Republic of the Philippines
do
Europe:
France
do
Germany
_ _ _
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
Latin American Republics total
do
Argentina
do
Brazil
do
Chile
-.do
Colombia
do
Cuba
-do
Mexico
do
Venezuela
__
_
do
Imports for consumption, total...
do
By economic classes:
Crude materials
.
do
Crude foodstuffs
. ..
do
Manufactured foodstuffs and beverages do
Semimanufactures
_
do
Finished manufactures
do .
By principal commodities:
Agricultural products, total _ _ _ _
do
Cocoa or cacao beans, incl. shells ._ .. do-- Coffee
do
Hides and skins
do
Rubber, crude, including guayule
do
Sugar
do
Wool and mohair, unmanufactured
do
Nonagri cultural products, total
do
Furs and manufactures
_ _. _ _
do
Nonferrous ores, metals, and manufactures,
total
_ -.
.. _
thous. of dol
Copper, incl. ore and manufactures. _do . .
Tin, including ore....do. _.
Paper base stocks
.
do
Newsprint
do
Petroleum and products
- ..
do
804, 618 1,052,254
r
922, 265
855, 928
1,004,240
1,012,404
901, 626
933, 763
907, 885
841, 137
925, 740
144
518
260
900
145
56, 798
185, 444
201, 012
228, 973
134, 628
245, 399
53, 935
170,575
180,449
183, 865
1 37, 275
196,165
45,119
1 40, 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
178,074
44, 831
175, 200
200, 047
222, 790
101. 994
188, 900
43, 008
145, 703
204, 207
203, 799
103, 028
208, 140
44, 570
145, 040
178, 985
204, 274
94, 626
173, 642
44, 537
154, 113
202. 130
204, 348
80, 661
239, 953
48, 269
138, 748
197, 997
201, 637
59, 716
166, 576
1,851
7 398
7,739
7 013
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
6,918
6,685
20, 262
24, 633
30, 961
15,915
24, 527
14, 347
17,148
6, 965
19, 848
8,561
15, 403
818
571
19, 926
20, 919
13, 682
13,852
27, 472
24, 666
21,282
15 787
23, 045
19, o06
19,422
22, 358
15,439
18,854
20, 750
23, 865
22, 032
18, 547
19,716
13, 065
15, 220
1,538
15, 559
26, 493
14, 910
22, 375
8,824
14, 608
678
27,177
12, 527
19, 247
256
14,161
23, 325
1,196
26, 082
22, 330
19, 347
23 937
11,292
20, 540
518
18, 891
23,489
20, 228
27 353
7, 523
14. 884
1,291
21,353
21.917
15, 048
19, 960
12, 552
23, 797
14, 124
14, 289
22, 748
17, 577
14,161
20, 991
13, 497
12, 939
17,675
10,153
18, 784
26, 227
12, 123
j,128
46, 934
14, 409
22, 948
13, 209
14, 265
25, 157
12 161
14, 292
25, 411
14, 701
35, 650
124,
175,
202.
83,
183,
499
21,935
21,150
812, 938
606
265
601
22, 579
22, 563
22, 056
34 88?
19, 486
23, 727
20, 974
24 992
20, 483
24, 388
12, 725
1,134
53, 866
13, 963
22, 887
11, 470
546
594
929
45, 656
17, 905
25, 487
11,549
1,131
44, 400
44, 322
48, 121
44, 790
18, 023
25, 929
537
982
559
810
402
38, 678
42, 71 7
37, 535
44, 874
17, 355
28, 071
15, 381
2,005
51,361
228, 942
202, 178
250, 443
355, 952
22 245
15 737
57, 678
81 , 653
36, 895
27, 778
28, 1 65
41, 975
20, 275
26, 468
33, 160
51, 490
35,814
32, 585
796, 195 1,022,526
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
48,713
44, 221
39, 259
991,841
212,272
337, 552
18 549
59, 677
27, 304
43, 764
50, 054
39, 573
33, 573
997, 69 j
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
34 121
39, 495
28 774
34, 216
925, 613
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 1 73
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
181, 677
152, 183
74, 802
208, 513
179,020
246, 727
229, 543
80,176
275,415
190, 664
235, 401
190, 685
85, 457
226, 328
175,509
207, 846
175,810
76, 307
221, 684
165, 766
233, 896
207, 899
106, 062
243,141
200, 844
223, 930
215,706
104. 214
260, 145
193, 696
219, 125
150, 643
99, 315
239, 091
182, 928
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,
208,
99
211,
182,
121
542
442
590
431
210, 092
141, 224
81, 572
199, 764
189, 132
290, 334
8,653
95 080
3, 713
27, 077
13, 708
16, 719
505, 860
2,611
410, 953
24, 650
149 133
5,437
41,921
18, 080
27, 549
611,573
8,585
382, 547
20, 084
123, 611
5,315
35, 465
33, 282
38, 999
530, 833
7,578
335, 271
15,120
121 604
4,794
28,816
31, 237
29, 129
512, 143
5,538
405, 857
13, 101
150,361
5,936
33, 458
44, 450
30,011
585, 985
9,789
422, 200
17,662
148 425
8,765
33, 938
44, 531
29, 572
575, 491
6,915
331.416
1 7, 390
87 985
8, 110
29, 106
42, 786
24, 240
559, 686
5,529
328, 978
17, 282
88 607
9,162
30, 21 7
49, 431
22, 192
596, 635
6,468
327, 459
13, 754
102 599
6 199
26, 445
43 058
27,815
565, 136
5,506
302, 602
9,343
92 939
6,502
21,683
43, 779
19, 485
533, 004
5, 596
382, 158
7,551
155 948
6 667
27, 375
40 400
21 774
545, 968
5, 186
271,977
6,250
90 356
4 226
21, 881
20 588
20, 546
549, 808
3,917
103, 083
40,616
20, 889
27, 323
48, 289
54, 332
144, 037
49,717
26, 806
29, 675
53, 604
71, 635
114,937
34, 452
30, 687
26, 031
46, 106
65, 360
119,542
43, 039
24, 555
24, 219
43, 841
67, 702
122, 919
36, 298
29,169
24, 039
49, 808
64, 539
127, 389
47, 099
24,139
23, 677
51, 661
56, 802
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
67 743
97, 177
31, 509
16, 686
26 606
52 514
64 157
876
* 839. 000
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue
thousands
Express and freight ton-miles
flown...
do
Mail ton-miles flown _
. do
Passengers carried, revenue
. do
Passenger-miles flown, revenue
do
Express Operations
Transportation revenues
thous . of dol _ _
Express privilege payments
do.
Local Transit Lines
Fares, average cash ratef
cents..
Passengers carried, revenue
.millions
Operating revenues
thous. of dol..
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) : §
Number of reporting carriers .
Operating revenues, total
._ _ thous. of dol
Expenses, total
do
Revenue freight carried
thous. of tons..
34,211
14, 566
35, 632
35, 931
33, 836
37, 681
39, 550
37, 707
42, 004
39, 517
41, 782
40 238
40 935
14, 459
14, 065
16,591
14, 967
13,133
13, 992
14, 033
13, 650
13, 426
14, 768
16, 380
5,574
5,554
5, 829
5,874
5,346
5,971
5,541
7,947
5, 557
5,352
5 400
6 313
2,059
1,879
1, 839
1,828
1, 845
2,238
2,265
2,385
2,354
2,409
2,334
2.321
972, 158 1, 018, 400 1, 040, 706 1, 000, 839 1, 154, 796 1, 206, 462 1, 218, 245 1,320,710 1,305,097 1, 332, 565 1,261,366 1, 225, 997
32, 426
11,937
43, 768
17,782
30, 918
11, 253
29, 977
10, 698
35, 475
14, 210
33,121
13, 527
31, 032
11,410
32, 613
12, 845
29, 890
10 536
31, 162
12 166
33, 728
14 438
34, 161
15 157
12.4301
959
126, 100
12.5042
1,053
143, 700
12. 5890
953
127, 300
12. 6716
892
120, 300
12. 7330
1,004
130, 900
12. 7818
977
129, 200
12.8008
972
126, 600
12. 8432
927
121, 100
12.8941
878
120, 500
12. 9386
831
121, 500
12. 9767
865
118,300
13. 0127
944
132, 900
1,001
587, 689
575, 386
32, 383
1,066
583, 773
546, 096
32, 588
13. 0657
885
1,062
609, 769
574, 343
33, 563
Carriers of passengers (quarterly totals):
Number of reporting carriers _
. .
166
168
167
164
100, 096
86,813
102, 976
Operating revenues, total
.. ---thous. of dol 115, 868
83, 840
Expenses, total
_ _ _
do
90, 435
89, 974
95 947
Revenue passengers carried
thousands _.
84, 657
91, 406
92, 146
92', 853
T
Revised.
» Preliminary.
cfRevisions 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 no 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 4081
operating revenues, $185,132,000; expenses, $184,708,000; revenue freight carried, 25,839,000 tons.
' ' '
fData have been revised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over; revisions prior to August 1952
will
be
shown
later.
SURVEY OF CUREENT BUSINESS
January 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
November
S-23
December
January
February
March
April
May
June
July
August
September
October
November
TRANSPORTATION AND COMMUNICATIONS—Continued
TR AN S PORT ATION—Cont i nued
Class I Steam Railways
Freight carloadings (A. A. R.):d*
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
' 3, 139
' 576
' 59
r
176
' 195
'51
'279
••284
1, 519
2,671
517
60
164
168
36
85
265
1,377
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
48547
168
188
47
179
259
1,423
138
123
195
149
144
95
258
47
150
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
147
78
324
45
150
135
110
160
144
157
108
263
45
149
124
104
155
142
137
86
160
43
140
134
Total, adjusted
_. do-._
123
Coal
do
195
Coke
__ .
do.__
152
Forest products
do
147
Grain and grain products
do
76
Livestock.. . _.
_.
do
233
Ore
do
46
Merchandise, 1. c. 1 _. . . _.
do
144
Miscellaneous
do
Freight-car surplus and shortage, daily average:
5,294
Car surplus, total
number-33
Box cars
..
.
do
2,030
Gondolas and open hoppers
do
7,075
Car shortage, total _. .
do
4,253
Box cars
do
2,472
Gondolas and open hoppers .
do_ .
Financial operations:
r
908,
015
Operating revenues total
thous of dol
T
769. 604
Freight
do
65, 025
Passenger
do
r
661, 245
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of dol. _ ' 135, 747
Net railway operating income
do. . ' 111,022
84, 158
Net income t
do
Operating results:
56, 975
Freight carried 1 mile
mil. of ton-miles-1.417
Revenue per ton-mile
cents
2 416
Passengers carried 1 mile revenue
millions
131
111
191
152
131
69
248
45
144
134
108
184
154
128
62
278
44
151
130
97
181
146
114
57
275
45
149
132
92
184
142
130
60
273
45
154
129
96
178
144
133
66
237
44
148
130
106
183
137
141
65
237
45
146
128
105
179
145
155
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
24, 003
8,113
10, 456
792
449
173
79, 262
21, 625
46, 558
827
564
137
69, 294
8,145
51 776
1,376
768
194
73, 260
7,429
56, 584
1,745
976
203
58, 597
5,584
43, 375
1,501
602
341
40, 222
12, 461
16 278
2,269
1 385
527
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
935 061
762, 543
84, 069
711,367
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
114,091
109, 602
141, 852
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-
50, 753
1 552
3 118
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
8,687
5,813
2,874
8,560
5,994
2,565
8,064
5 713
2,351
7,271
4 947
2 324
8,134
5 521
2,613
2,866
1,077
3 057
1,109
3 037
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
7.17
72
241
6.49
63
233
6.69
76
249
6.77
78
245
6.49
76
230
7 14
78
264
6 51
77
274
7.04
77
270
6.71
71
239
7.44
73
250
7.26
76
256
7.49
80
262
7.5371
243.
60,671
50, 824
1,383
16, 225
17, 109
375
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
36, 929
4,004
26, 472
4,040
23, 999
2,005
21, 103
1,102
18, 351
434
665
8,368
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
359, 634
214, 751
117, 549
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
251, 155
43, 950
41, 786
273, 404
50, 534
42, 068
260, 513
45, 507
42, 116
248, 719
46, 270
42, 298
264, 660
45, 385
42, 488
262, 177
47, 354
42, 670
278, 219
47 103
42, 850
267, 821
47 586
42, 956
279 484
43 386
43 105
266, 141
46, 779
43, 234
272, 718
44 997
43, 387
15, 881
14, 761
435
18, 962
16, 225
2,370
16, 937
15, 487
655
16, 033
14, 178
1,097
18, 245
15 325
2,136
17,710
15 187
1,734
17, 977
15 835
1,346
18, 401
15 802
1,820
17 617
16 332
528
17, 221
15 709
816
17, 233
15 477
1,070
17,340
15 543
1, 157
2,272
1,820
256
2,603
1,919
436
2,456
1,875
360
2,293
1 778
296
2,617
1 869
512
2, 276
1,846
229
2,257
1 855
194
2,315
1 777
333
2 344
1 946
180
2 370
1 803
355
2,574
1 820
522
2 609
1 951
428
2,391
2,069
267
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
r
Waterway Traffic
Clearances, vessels in foreign trade:
Total U. S. ports
thous. of net tons
Foreign
do
United States
do
Panama Canal:
Total
thous of long tons
In United States vessels
do
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied-. .
... percent of total. _
Restaurant sales index
same month 1 929=100. .
Foreign travel:
U S citizens arrivals
number
U S citizens, departures
do
Emigrant aliens departed
do
Immigrant aliens admitted
do
Passports issued . _ _ . .
. do
National parks, visitors
thousands-.
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous of dol
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-.
_ do
do
thousands
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol
Operating expenses, incl. depreciation
do
Net operating revenues
do
Ocean -cable:
Operating revenues.- -~
do_.
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
do
Operating expenses, incl. depreciation ..do
Net operating revenues ._
do
'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.
J Revised data for October 1952, $97,319,000.
cf Data for January, May, August, and October 1953 are for 5 weeks; other months, 4 weeks.
SUKVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
January 1954
1953
1952
November
Decemher
January
Febru-
March
April
May
June
July
August
September
October
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 ^as
do
178, 562
0)
56, 150
46, 117
219 536
62, 178
Hydrochloric acid (100% HC1)
___ do
381
Lead arsenate (acid and basic")
do
147, 180
Nitric acid (100% HNO 3 )
._. do
2, 175
Oxygen (high puritv)
mil. of cu. ft
181, 350
Phosphoric acid (50% H3PO4)
short tons
Soda ash, ammonia-soda process (98-100%
NasCOs)
._
- _ .short tons _ 431, 598
8,234
Sodium bichromate and chromate
do
256, 495
Sodium hydroxide (100% NaOH)
- __ do
Sodium silicate, soluble silicate glass (anhydrous)
44, 373
short tons
Sodium sulfate, Glauber's salt and crude salt cake
76, 068
short tons _
Sulfuric acid:
1,159,217
Production (100% HzSO^ _._
do
Price, wholesale, 66°, tanks, at works
20.00
dol. per short ton__
Organic chemicals:
Acetic acid (synthetic and natural), production
39, 241
thous of Ib
69, 515
Acetic anhydride, production
_ ..do
1, 145
Acetvlsalicylic acid (aspirin), production do
Alcohol, ethyl:
Production
thous. of proof gal.. ' 31, 556
•• 81, 717
Stocks, total
do
In industrial alcohol bonded warehouses
thous. of proof gal _ _ ' 42, 296
39, 421
In denaturing plants
do
34, 286
Used for denaturation
do
2,101
Withdrawn tax-paid
do
Alcohol, denatured:
T
18, 466
Production
thcus of wine c'al
17, 280
Consumption (withdrawals)
do
8,548
Stocks
do
13 666
Creosote oil, production
thous. of gal
8,082
Ethvl acetate (85%). production
thous. of Ib
Glycerin, refined (100% basis):
High gravity and yellow distilled:
7,043
Production
do
7,102
Consumption
do
11,006
Stocks
do
Chemically pure:
10, 629
Production
.
do
7,527
Consumption
_
do
15, 336
Stocks
do
Methanol, production:
173
Natural (100%) J
thous of gal
13, 329
Synthetic (100%>
do
20,480
Phthalic anhydride, production
thous. of Ib
193, 507
0)
61, 903
45, 562
224 868
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, 51 5
(i)
69, 603
83 907
241 110
193, 932
(i)
66, 498
82, 948
238 619
195, 484
(i)
64, 860
73, 793
228 826
198, 556
0
65, 562
58 615
239 360
65, 369
0)
157, 508
2,296
177, 178
66, 056
709
156, 824
2,278
207, 747
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
(i)
140, 268
1,992
195, 728
63, 425
0
144, 624
2, 125
214, 732
64, 936
0
145, 824
2 034
202, 463
66, 494
(')
159, 421
2. 114
222, 925
414, 557
8,339
259, 598
422, 365
8,490
269, 311
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
395. 896
8, 363
260, 747
408. 829
8, 580
276, 525
45, 891
41, 181
41.950
49, 941
57, 708
54, 037
44, 433
41,270
44, 436
48, 050
64, 740
51, 436
81,814
73, 221
80, 383
79, 776
78, 422
78, 818
75, 609
77, 869
78, 067
81,479
1,192,921 1, 184, 405 1,116,994 1. 270, 151 1, 206, 913 1, 257, 882
1,163,791
1,155,529
1,131,309
r
r
r
l, 115,524 1.192,526
20.00
20. 00
20.00
20.00
20.00
20.00
22.35
22.35
22. 35
22. 35
22. 35
42, 985
72, 855
1.137
39, 858
67, 175
1,120
33, 894
61, 361
1,115
44, 211
71, 448
1,195
40, 688
67, 380
1,342
42, 105
71, 065
1,278
40 219
74, 568
1,117
48 871
82, 359
959
44 546
75, 406
1,111
40 595
72, 051
1,071
36, 579
62, 567
1,298
42,182
83, 245
46. 161
84, 263
45.013
77, 701
46, 837
64, 238
44, 681
74, 492
43, 394
78, 581
40, 645
72, 519
39, 034
75, 501
31, 934
71,878
28, 995
65, 274
29, 033
58, 565
30, 245
56. 514
44, 833
38,412
40, 638
1,448
52. 686
31, 577
35, 349
1, 815
56, 948
20, 753
40, 320
1,892
54, 592
9, 646
56, 224
2,171
55. 022
19, 470
34, 435
2,105
54, 872
23, 709
35, 640
2,030
53, 812
18, 707
37, 469
2,206
53, 731
21, 770
36 557
2,106
50,364
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
23, 417
23, 665
8.285
12, 785
8, 375
19, 037
20, 225
7,084
12, 631
6,925
21, 659
17, 583
9, 689
10, 813
7.222
30, 199
25, 169
14, 909
11, 505
7, 685
18,414
23, 105
10, 207
12,386
7, 423
19, 201
21,845
8,855
14,015
6,004
20 126
23, 309
6 844
13, 570
8, 20C
19 649
20 890
5 575
11 448
7,343
19 058
17 861
6 ^03
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
6, 898
6,219
11,370
6,701
6, 503
12, 998
6, 762
6,276
12, 697
8,097
6, 866
14, 856
7,380
7,092
15, 660
6,993
6,787
15, 912
7, 653
6, 265
17, 999
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, 036
16 712
11, 663
7. 608
14. 595
12, 181
8, 233
16, 069
13,258
7, 552
17, 644
14, 722
8.217
20, 146
13, 276
7,897
21, 323
14, 331
7, 698
24, 049
12, 234
9,021
25, 774
10, 747
8, 536
25, 580
19 797
8,899
25 813
11 322
8,877
24 605
15, 966
9,618
26, 142
11, 203
8.558
25 144
166
15, 544
19, 978
153
14,027
20, 013
148
11,890
18, 481
184
13, 275
21, 841
192
12, 469
17,519
204
12, 553
18, 181
189
12. 683
18,059
146
14 326
20, 375
165
13 861
19, 659
139
13 603
18 459
1?6
13, 941
16, 235
572
169, 991
7,850
148, 848
7,848
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
193, 988
138, 598
66, 738
26, 124
16, 698
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
205, 411
86, 555
10,719
9,596
168, 940
132, 082
19 489
8,434
14, 686
166, 587
133 866
22 949
8,694
9 288
179 010
139 272
7 561
7,813
10 732
207. 352
142 088
0
19,907
21,597
57.00
127, 884
57.00
133, 733
57. 00
139, 339
57.00
167, 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
" 22. 35
FERTILIZERS
Consumption (12 States) §
Exports, total
Nitrogenous materialsPhosphate materials
Potash materials
__
thous of short tons
short tons
_ do
do
_
_ _._do-
Imports, total
_ do
Nitrogenous materials, total
do
Nitrate of soda
do
Phosphate materials
___ _.
do
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
dol. per short ton
Potash deliveries
short tons._
Superphosphate (100% A.P.A.)cf
Production
short tons
Stocks end of month
do
165, 229
251, 707
169, 459
271, 922
174, 796
279, 846
174, 494
257, 996
200, 068
206, 673
215, 197
163, 678
196, 945
181, 727
164, 600
214, 636
151. 444
231, 501
T
160, 579
243, 112
160, 518
247 530
r
53. 00
117, 982
p 53 00
123, 839
168, 338
245, 537
157, 289
262 123
NAVAL STORES
Rosin (gum and wood) :
769, 520
Production semiannual total
drums (520 Ib )
927 010
3 859, 380
Stocks end of period
do
911 120
Price, gum, wholesale, "WG" grade (N. Y.), bulk
r
8.80
8.80
8.60
8.60
8.90
8.50
8.40
8.35
8. 45
8. 75
8.60
8.70
*8.86
dol. per 100 lb_.
Turpentine (gum and wood):
233, 670
Production, semiannual total
bbl. (50 gal.)
297, 270
3 228, 880
213 770
Stocks, end of period
do
.60
.60
.60
.60
.60
.59
.60
.59
.59
Price, gum, wholesale (N. Y.)
dol. per gal- _
.62
.59
.59
» .59
r
l
2
Revised.
» Preliminary.
Not available for publication.
Data for 10 States, excluding Indiana and Missouri.
s Revisions for March 1952: Rosin, 722,580 drums; turpentine,
194,450 bbl.
{Revisions prior to September 1952 will be shown later.
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma; prior to August 1953, also Indiana and Missouri.
According to quarterly reports from Virginia and semiannual reports from Kentucky, consumption in those States is as follows (thous. short tons): Virginia—1952—July-September, 90; OctoberDecember, 100; 1953—January-March, 319; April-June, 322; July-September, 79; Kentucky—1952, July-December, 225; 1953, January-June, 453.
d*Prior to the October 1953 SURVEY, data were shown in short tons of 18% A. P. A. (available phosphoric acid).
S-25
SUEVEY OF CURRENT BUSINESS
January 1054
1953
1952
Unless otherwise stated, statistics through
19G2 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
December
January
February
March
April
June
May
July
August
September
October
November
1,000
70 924
62 886
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of Ib
High explosives
do
Sulfur:
Production
.
- thous. of long tons. .
Stocks
do
1,016
902
812
710
56 871
58 876
634
553
503
579
754
918
63 170
64 562
64 765
61 167
68 135
67 850
59V 840
56 709
1,056
56 212
4,%
3, 054
12:;
3, 069
419
382
472
3, 089
480
455
419
424
3, 130
451
416
431
3, 043
3,001
2 867
2,920
2,960
3,037
3 059
3 057
368,012
104, 045
327, 1 50
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 ?69
135,312
249, 836
367 294
129,069
252, 586
55, 434
34, 533
107, 530
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 gyg
103 388
43, 702
30 324
102 327
47, 945
36 705
91, 557
51, 774
35 930
86, 410
6, 404
14, 975
92, 801
3,417
10, 832
90, 117
486
223
244
17 820
76, 380
14 599
65, P.44
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
594
532
568
571
572
551
488
521
510
546
457
525
415
458
369
446
322
378
379
426
451
476
618
559
583
571
1,097
578
1, 122
1,147
1,112
1,102
1,074
1 044
1,052
1 072
1,095
41.414
37 953
2,494
35 459
35, 276
33 425
30, 262
12, 324
25 218
38 622
31,423
971
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Productiont
thous. of Ib
C onsumptlon, factory
do
Stocks, end of month
_
do
Greases:
Production
do
Consumption factory
do
Stocks, end of month
do
Fish oils:
Productiont
do
Consumption, factorv
do
Stocks, end of month
_
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production crud^t
mil.oflb
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 o f l b
Refined.- _ do
Consumption, factory:
Crude
do
Refined
do
Stocks, end of month:
Crude
do
Rp.fi rierl
do
Imports
do
Cottonseed:!
Receipts at mills
thous. of short tons._
Consumption (crush) _
do
Stocks at mills, end of month
do
Cottonseed cake and meal:t
Production
_ . ...
short tons.
Stocks at mills, end of month §
do
Cottonseed oil, crude:}:
Production
thous. o f l b
Stocks, end of month
do
Cottonseed oil, refined:
Productiont
do
Consumption, factory!
do
In margarinet
do
Stocks, end of month§t
do
Price, wholesale, drums (N. Y.)___dcl. per lb_.
Flaxseed:
Production (crop estimate)
thous. of bu .
Oil mills:
Consumption
do
Stocks, end of month
do
Price, wholesale, No. 1 (Minn.)
dol. per bu_.
Linseed oil, raw:
Production
thous. of Ib
Consumption, factory
do
Stocks at factory, end of month _
do
Price, wholesale (Minneapolis)
dol. per lb._
Soybeans:
Production (crop estimate)
thous. of bu__
Consumption, factory
-do
Stocks, end of month
_. . do
Soybean oil:
Production:
Crude
thous of Ib
Refined
do
Consumption, factory, refined!do
Stocks, end of month:
Crude
_
_ do
Refmedt
do
Price, wholesale, refined (N. Y.)___dol. per lb__
r
705
777
872
967
18 102
33 909
17 699
25 247
18 875
33 521
32 692
33 468
24 369
32 966
15
60
2
57
29 524
121 900
23 426
27, 095
19,014
26 583
19 969
28,611
11,277
29 029
31,031
17 729
38 517
37 619
30, 958
34 491
27, 041
24 232
29, 174
36 332
29, 922
47, 506
26. 344
47,818
27, 401
42, 439
24, G30
45, 998
25, 409
45 915
8.415
16 162
47 506
7, 980
13 615
44 552
8 241
10 846
1,107
725
2,409
547
670
2, 286
351,667
144, 608
970
985
1,077
925
1 050
915
291
644
647
18, 714
34, 838
1,194
33, 644
24
30
2
27
25, 546
18 786
18 883
29, 421
14 416
24 683
23, 958
15,997
21 759
28, 337
39 520
26, 942
32 318
26, 959
37 590
29, 970
44, 820
27, 093
41,591
23, 201
43, 527
23, 063
30 782
7 677
5 298
36 744
7 429
9 069
41 411
8 809
19 Oil
222
655
1,827
100
550
1,391
949
38
480
28
377
319, 967
155 796
310, 755
194, 047
262, 173
210 115
231, 782
208 612
181, 730
178 690
233, 965
188, 985
215, 713
184, 648
211, 130
178, 757
180, 541
170, 739
165, 269
149, 973
133, 124
115, 605
95 387
84, 671
189 888
86, 399
25 080
445. 409
.193
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
733
441
877
554
18
44
2
42
467
054
481
573
614
942
941
336
604
15
39
2
36
17
32
2
30
959
1 083
34
33
2
31
756
716
193
523
943
1 148
726
438
028
410
27, 497
13, 272
72 839
33, 743
16 198
29 423
31 280
26, 372
35 997
31 411
37 129
31, 763
43 066
28, 843
35, 028
25, 938
45, 273
27, 053
39,125
22, 478
45, 597
27 318
47, 498
29, 108
46, 845
27, 356
42, 548
23, 010
38 685
8 759
9 896
41 113
7 723
7 079
41 803
8, 732
8 013
37 393
9 019
11 774
46 250
9 540
10 975
53 116
11 260
12 258
54, 809
13, 650
14
266
44
208
276
182
1,860
778
2, 146
1,387
763
2,770
113
155
155
250
1,323
510
1 064
75, 673
91 549
86 379
i 69 948
241 458
i 112 687
74 529
56,418
55 418
42, 451
57 397
37, 830
157 634
89, 090
251 701
134, 001
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
221, 226
179 751
151,011
133, 253
30,204
29 477
966. 498 1, 016, 037
P . 211
.204
361
1
499
146
826
390
r
29, 498
17 895
37 371
129, 515
140 897
197
1
99, 667
122 619
1
361, 549
371, 321
163 838 i 163, 022
!
T
' 2 30, 174
249, 924
143, 804
3 36, 813
2 699
5, 621
4.10
2 285
4, 967
4.10
2,627
4, 355
4.04
2 065
3,679
3.90
1 924
2,822
3.95
1 680
2,136
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
2,157
5,164
3.93
54 620
47, 674
626 611
.150
46 016
42 335
634 959
.148
51 336
41, 602
643 703
.146
41 300
41 599
641 675
.148
39 027
43 085
636 113
.151
34 663
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
41, 805
37, 259
531, 901
*.160
21,997
89, 783
'2298.052
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
r 262, 341
20, 284
61, 709
230 755
173 576
171,950
226 935
198 811
182, 331
231 000
202 969
195, 424
200 412
186 396
175, 466
221 783
203 529
190, 474
208 414
198 287
182, 488
226 293
175 291
162^ 942
190 086
185 566
166, 319
179 503
155 987
155, 641
208 660
200 180
191, 992
173 756
212 568
218, 495
229 966
214 418
216, 608
219 304
192 662
187, 980
158, 194
156 308
156 951
88, 275
98, 342
103, 952
.208
.191
.208
3
December 1 estimate.
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
139, 688
73, 545
.161
166, 204
87, 118
.191
Estimate for 1952.
153, 674
83, 716
.168
J
2
Revised.
» Preliminary.
See note marked "§".
^Revisions for January-September 1952 will be shown later.
§Includes stocks owned by the Commodity Credit Corporation (beginning May 1953 for cake and meal and beginning 1952 for refined oil).
912
1 052
87 907
62 353
'.188
88, 437
74, 423
*-. 197
SURVEY OF CURRENT BUSINESS
S-26
1953
19^2
1952 and descriptive notes are shown in the
19.!>3 Statistical Supplement to the Survey
Vovom
' v „
^
January
Deceni
bel-
January
Febru-
ary
March
May
April
June
July
August
September
October
November
114, 574
19, 350
136,217
16, 382
107, 419
22, 021
CHEMICALS AND ALLIED PRODUCTS— Continued
FATS. OILS, ETC. —Con t i n n e d
Vegetable oils, oilseeds, and byproducts — Con.
Margarine:
Prod net ion d"
^ thous. of Ib . _
Stocks (factory and warehouse)^
do
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)
dol, per Ib.,
Shortening:
Production
thous. of Ib
Stocks end of month
do
l i 8, 453
25, 437
10C-, 584
21, 880
126. 580
23. 412
114.037
25, 364
113,421
23,911
89, 896
20, 817
93, 279
23, 105
103, 203
20, 246
89. 753
23, 366
96, 053
18, 372
.284
. 284
.284
. 284
.284
.284
.284
.274
.274
12(5. 022
93. 078
131,749
141,878
93, 668
87, 976
134. 857
97, 290
137, 161
92, 64(5
141.998
108,894
118, 229
127,912
106, 815
126, 538
105, 858
113,700
130,906
100,911
94, 769
40, 808
53, 961
91.050
41,536
49.514
107. 729
42, 900
64. 7159
106. 176
43. 788
62. 388
121,132
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
2, 345
5 629
.500
529
2. 659
5 780
2, 360
5 999
610
532
2. 575
6. 207
593
521
3, 348
7, 102 :
706
713 .
3, 184
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
35. 539
34, 474
37. 043
20, 473
41, 654
40, 843
40, 233
20, 111
46, 721
36, 439 i
9. 420 ;
22, 946 i
41, 551
35, 764
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
r 32, 362
35, 299
38, 672
16.347
43, 592
28, 809
9, 399
19, 268
38, 266
' 32. 806
17, 010
40, 381
28, 548
8, 375
22, 055
36. 328
28, 756
17, 621
41.171
32. 015
9. 453
24, 970
42, 733
36, 827
27, 732
9, 095
43, 927
38. 030
29, 276
8, 755
44, 497
38, 497
30, 043
42,923
37,038
29,449
7,589
32
5,
5,
5,
209
821
897
563
334
32, 331
6, 166
. 274
. 264
152, 322
89, 440
. 264
P . 283
172,988
84, 703
191,747
75, 793
PAINTS, V A R N I S H , AND LACQUER§
Factory shipments, total
Industrial sales
Trade sales
thous. of dol. _
do
do
SYNTHETIC PLASTICS AND RESINMATERIALS
Production:
Cellulose- acetate and mixed ester plastics:
Sheets rods and tubes
thous of Ib
Nitrocellulose, sheets, rods, and tubes
Other cellulose plastics
do
do
Phenolic and other tar acid resin 5 *
Polystyrene
Urea and melamine resins
. -_
Vinyl resins
Alkvd resins
Rosin modifications
Miscellaneous resins
_
do
do
do
do
do
do
do
..
._ ..
55f>
456
38.515
18, 315
39 881
27. (544
8,914
21, 274
31.002
7. 840
21, 925
35, 305
32. 938
17,883
44,
32,
8,
21,
500 i
978
705
788
34i 374
16, 196
41.028
31. 228
8. 246
21,304
49, 645
71,487
7, 044
659
602
18.498
46, 295
34, 274
8. 882
22. 458
32,
13,
40,
31.
10.
19,
399
745
392
420
555
176
' 119,213
116.417
' 45, 793 46.714
r 73, 420
69, 703
504
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total i
mil. of kw.-hr _ _
Electric utilities total
do
By fuels
do
Ry water power
do
Privately and publicly owned utilities
mil. of kw.-hr..
Other producers
do
Industrial establishments, total
do
P>y water power
do
Sales to ultimate customers, total (Edison Electric
Institute) J
mil of kw -hr
Commercial and industrial:
Small light and power - _ _
- - -do
Large light and power
do
Railways and railroads
do
Residential or domestic
do
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.
39, 365
33, 781
27, 217
6. 564
42,
36,
28,
8,
29, 372
4,409
5, 584
5 343
241
656
663
402
261
39, 165
33, 597
24, 603
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
29, 353
30, 676
31,616
5, 187
14, 587
433
7. 460
600
342
710
34
5,414
14, 888
480
5, 594
14,810
525
364
714
32
475
9, 081
540
363
720
33
527, 426
550. 591
569, 334
389
536
279
257
8,259
42,
36,
27,
9,
42,
36,
26,
10,
993
969
771
197
41,510
41,995
35, 627
25, 923
9, 705
35. 982
25, 695
10, 288
30, 239
5, 388
5, 882
30, 294
5, 572
452
5,426
5,578
456
435
31, 317
5,510
5, 905
5,511
395
30, 875
31, 664
31, 346
30, 991
31,358
31,951
33, 031
5,411
14, 741
440
5,345
15,684
5,287
5, 620
6,081
15, 942
380
1,006
259
752
52
6, 253
16, 583
371
7, 516
1, 180
283
757
56
566, 985
580, 126
8,995
5 720
6,024
5,688
6,013
575
327
718
38
462
8, 383
683
325
734
49
15, 663
436
8, 033
854
290
731
51
5, 356
15, 749
412
7,614
809
272
727
53
557, 643
560, 606
554, 637
549, 247
8,627
16,037
394
7, 438
801
255
758
55
555. 798
8,454
6,000
5,718
282
7,479
|
!
i
j
42,317
36,378
29,471
6.907
31, 285
32, 252 i
31, 199
5,752
5,886
5,611
5,361
6,137 j
5,853 i
5,179
5,939
5,658
r
275
43.751
37, 614
30,477
7,137
284
32, 794
:
280
;
6,191
16,343
369
7, 651
1, 120
309
i
759
52
i
i
575, 047
GAS
Manufactured and mixed gas (quarterly):!
Customers end of quarter, total
thousands
Residential (incl house-heating)
do
Industrial and commercial
do
;
Sales to consumers total
mil of therms '
Residential
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous of dol
Residential (incl house-heating)
do
Industrial and commercial
do
Natural gas (quarterly) :%
Customers, end of quarter, total
thousands. .
Residential (incl. house-heating) ...
do
Industrial and commercial
do
Sales to consumers, total
mil. of therms. _ j
Residential (incl. house-heating) . ... do
.
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol 1
Residential (incl house-heating)
do
Industrial and commercial
do
T
6, 707
6. 230
474
804
493
298
i
;
6 434
5 98°
450
6, 508
6,049
455
813
485
319
<^>,Q
146. 648
108 093
37. 524
111, 643
78 965
80 574
31.899
15 939
19, 357
17, 802
19, 690
18, 078
1 591
16. 249
6, 757
8, 855
19,721
18,138
13, 593
4.175
8. 489
556. 696
3G8, 596
232, 052
1 562
12,' 606
3,510
8,541
756 107
477, 947
265.043
i
524, 442
280, 128
232, 779
1
'
9 V,
'?68
113, 514
80, 986
31, 614
1 53/5
.- .1
6 552
6 081 '
467
1 095
748
336
i
:
r>4 (UQ
19,849 \
18.310 !
..
1
!
51 X
'
i
i
i
10.502 ,
1.435 1
8. 405 i
371,928
148 604
210, 248
j
j
!
Revised.
» Preliminary,
cf Revisions for production (Fertember 1951~8ept( mber 1952) and for stocks (December 195 -September 1952) will be shown later.
§Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
^Revisions for 1952 for electric-power production and for gas are shown in the October 1953 S U R V E Y ; those for electric-power sales and revenues, in the October and November 1953 issueJ.
SURVEY OF CURRENT BUSINESS
January 1954
1
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
19 52
November
S-27
1953
December
January
February
March
April
May
June
July
8, 753
8, 083
11.062
9, 905
9,210
11,104
August
September
October
November
9, 458
8, 905
11,005
8, 339
8. 757
10,013
7, 606
6, 941
10.091
5, 649
5, 644
9, 830
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbl
Tax-paid withdrawals _ _
.
do
Stocks, end of month
do
Distilled spirits:
Production
thous. of tax sral
Consumption, apparent, for beverage purposes
thous. of wine gal
Tax-paid withdrawals
thous. of tax gal
Stacks, end of month . .
do
Imports
thous of proof gal
Whisky:
Production
thous. of tax gal.
Tax-paid withdrawals.
do.
Stocks, end of month
do_ _ _
Imports.
thous. of proof galRectified spirits and wines, production, total
thous. of proof gal.
Whiskv
..
- do
Wines and distilling materials:
Sparkling wines:
Production
thous. of wine gal
Tax-paid
withdrawals
__
. . do
Stock1-:, end of month
do
Imports . _ .. ..
..
_. do, ._
Still wines:
Production
_
do
Tax-paid withdrawals
do
Stocks, end of month
do
Imports
_.
do.
Distilling materials produced at wineries,. _do
o, 787
5, 908
r
6, 686
6,774
9, 096
9,!il8
6, 621
5, 707
9. 606
6, 191
5. 630
9, 789
7, 683
6, 658
10, 324
8, 167
7, 198
10, 720
7,791
7, 118
10, 905
' 12.43!)
10, 558
10, 321
9, 548
12, 539
12,116
11,812
11,469
9, 632
7,282
15,375
28, 890
19, 754
18,966
22, 785
10, 216
894, 492
2, 204
13, 398
8.872
892, 357
1, 183
13, 597
9, 124
890, 328
1, 302
14,785
11,311
887, 827
1, 735
15. 277
10, 785
886, 619
1, 469
16, 139
10, 799
884, 315
1, 636
14, 686
10, 839
881, 824
1, 594
14,306
9, 735
878, 764
1,521
14.024
9, 371
873,616
1.490
16,341
12, 633
867, 166
2,159
18, 731
17, 257
861,353
2, 967
ifnfflxT
857, 234
3. 708
8,312
737. 913
2,162
5, 782
5, 676
735, 172
1,977
6, 836
5 320
734, 248
1, 063
6,
5,
733,
1,
8,
6,
732,
1,
295
149
448
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
M15
3,974
5, 241
725, 979
1,350
7, 263
7,301
722, 1(59
1,970
10,094
9, 406
718, 330
2, 773
9, 435
9, 102
715,087
11.536
10, 455
7, 732
6,614
6, 103
5, 091
6, 634
5,721
8,313
7,217
7, 683
6, 500
7, 934
6, 659
8,047
6,739
6, 902
5, 656
6,218
5.171
8, 930
7, 740
11,470
9, 964
10, 668
9, 455
82
182
1 274
86
197
1, 139
151
97
1, 183
33
73
68
1,178
23
101
88
1, 185
40
249
86
1, 343
39
151
101
1,386
44
148
97
1,427
46
82
67
1, 435
31
112
95
1, 448
30
106
131
1,416
45
96
174
1, 320
186
11.637
2,442
10,303
225. 069
589
17, 40(5
1,212
12. 161
215 550
396
2,786
1, 265
9, 963
205, 265
295
722
191,805
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
87(5
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, 62(1
106, 000
85, 737
.670
102. 960
99, 557
. 668
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
92, 375
323, 077 r 311,574
.670
. 682
105, 285
78, 875
232 255
20l', 425
4,912
118,535
92,
262,
231,
4,
625
606
524
503
149, 075
118, 645
313, 276
279, 886
4,944
151,415
121, 645
373, 855
339, 812
4,183
128, 460
102, 000
420, 281
385, 445
2,121
114, 330
88, 730
445, 575
410, 733
2,824
97, 500
87, 775
82, 390
72, 450 '61, ,505
56, 230
460, 488 >• 448. 787
427, 515
426, 383 ' 416, 095 396, 536
5, 540
3, 602
r
1 5, 072
898, 141-5
2, 360
r
25. 764
1 2, 333
233, 390
589
55, 656
6, 622
939
307
138
185
478
1, 075
DAIRY PRODUCTS
Button, creamery:
Production (factory)
thous o f l b
Stocks, cold storage, end of month
do
Price, wholesale, 92-score (New York)__dol. perlb..
Cheese:
Production (factory), total
._ thous. o f l b
American, whole milk
do
Stocks, cold storage, end of month, total... do
American, whole milk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
_
dol. perlb
Condensed and evaporated milk:
Production , case goods:
Condensed (sweetened)
_. thous. of Ib
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened) _
thous. of Ib _
Evaporated (unsweetened) __ _ _ ._ do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened) _ _ - _ do
Price, wholesale, U. S. average:
Evaporated (unsweetened)...
dol. per case..
Fluid milk:
Production ..
. . .. _
mil. o f l b _
Utilization in mfd dairy products
_ do
Price, dealers', standard grade
dol. per 100 lb_.
Dry milk:
Production:
Dry whole milk ... ... __ ._ . thous. of lb_.
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food) U S average
dol. per Ib
76 420
83, 951
. 699
95 855
72, 723
. 678
122,585
90, 765
288, 527
.676
78, 110
53, 290
242, 509
210, 029
5 734
84, 840
55, 330
238, 803
205, 178
4, 454
S7, 025
58. 375
227, 499
194, 286
6,982
84, 975
59, 935
218, 371
186, 776
3, 559
.457
.431
.427
.422
.411
.407
.408
.406
.105
.405
.407
.424
.427
3, 275
167, 100
4, 575
171, 750
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
7, 519
447, 175
8, 320
382, 563
8, 662
313, 741
10. 154
262, 904
9, 489
238, 043
7,849
262, 319
8,688
366, 926
9, 579
475, 333
6,993
511,696
6, 066
524, 007
5, 123
481, 196
5, 248
410, 379
6,047
339, 808
1,071
7, 740
365
6, 539
2, 334
8,956
1, 527
7, 785
2, 423
11, 106
8,827
2,718
13, 439
539
14, 848
2,916
11, 957
937
10, 449
1,085
13, 997
658
11, 337
1,969
6.39
6. 33
6.27
6.21
6. 12
5.96
5.92
5.79
5.76
5.81
5.79
5. 80
5.85
7,891
2, 769
r
5. 69
8, 389
3, 250
5.63
8, 706
3, 458
5. 50
8, 533
3, 346
5.40
10, 100
4, 059
5.27
10, 854
4, 522
5.05
12, 610
5, 435
4.92
12, 349
5, 492
4.87
11, 508
4,742
4.98
10, 494
4,146
5.06
9, 219
3,374
5. 20
8,779
3,174
r
5. 23
8, 255
3,062
5.28
4, 840
43, 000
5, 840
65, 950
7. 535
78, 000
7, 325
80, 300
8, 800
108, 700
8, 750
124, 900
9, 450
148, 400
9, 375
142, 350
10, 050
113,200
10, 052
91,900
8, 040
67, 050
9, 000
65, 150
8,420
68,290
17, 009
124, 553
15, 181
127, 715
15,411
12,844
13,311
132, 265
128, 820
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, 695
4, 196
3,694
8,851
3, 495
2, 706
2, 850
1, 690
5, 371
2,260
3,824
8, 073
3, 394
7, 832
2,920
5,131
4,378
14, 323
6,105
7,801
3, 648
3, 676
3, 014
4,854
.164
.163
.160
.158
.153
.149
.147
.146
.146
.147
.149
92, 489
2,748
20, 061
2, 525
15, 265
2, 671
10, 775
2,762
6, 386
2, 290
3, 278
1, 536
1,377
655
306
267
128
180
509
706
7,887
r
3, 723
<- 29, 444
10, 915
10, 891
11, 256
11,332
12, 331
12,317
9,011
6, 564
6,938
. 166
. 152
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu
Shipments, carlot
no. of carloads. .
Stocks, cold storage, end of month. .thous. of bu._
1
2, 630
24, 941
Citrus fruits, carlot shipments
no. of carloads..
6,420
13, 256
Frozen fruits, stocks, cold storage, end of month
thous. of l b _ _ 493, 402
455, 479
Frozen vegetables, stocks, cold storage, end of
month
thous. of lb_. 569, 974
534, 933
Potatoes, white:
Production (crop estimate)
thous. of bu._
i 347, 504
Shipments, carlot
no. of carloads. . 17, 282
18, 300
Price, wholesale, U. S. No. 1 (New York)
dol. per 100 Ib..
5.481
4.971
' Revised.
» Preliminary.
1 Estimate for 1952.
2
r
r
6, 000
6, 757
581, 706
561, 894
481, 129
496, 233
449, 348
441, 235
456, 980
487, 259
568, 132
602, 001
580, 867
494, 893
450, 265
419, 899
384, 285
361, 217
384, 292
468, 377
573, 601
688, 353 f 737, 427
421, 120
2
23, 101
20,694
24, 871
19, 337
19, 142
25, 238
15,464
11,871
15, 770
5.369
5.317
3.969
4.013
4. 085
2. 917
2. 230
3. 165
3.0t50
2 December 1 estimate.
92, 584
2, 562
27, 793
r
17, 707
373, 711
14,418
' 3. 325
v 3. 313
SUKVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
January 1054
1952
November
1953
December
January
February
March
April
June
May
July
August
Se n
C - °^" N"bT'
FOODSTUFFS AND TOBACCO— Continued
I
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu_.
40, 301
56, 854
52, 516
39, 353
48, 094
38, 306
33, 654
30, 849
37, 260
32, 034
34, 992
30, 649
i 227, 008
7,659
6,877
7,005
9,402
8, 161
7,479
6, 527
8,037
25. 503
18, 423
11,510 j
Barley:
2 241. 01.1
8, 235
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
do
8,294
do
16, 967
10, 717
5,960
12, 188
14,631
12,609
1,374
2,161
1,096
1,064
6,949
3 25, 567
1,018
9,070
3,829
8,386
57, 396
2, 556
7,555
do
13, 415
99, 177
4,237
11, 902
E xpor ts , including malt
Prices, wholesale (Minneapolis) :
No 2 malting
No 3 straight
960
2,209
145. 7°5
2, 478
3. 865
1.598
1.505
1.612
1.457
1.581
1.456
1.495
1. 395
1.521
1. 459
1.538
1.446
1.531
1.387
1.440
1. 265
1. 420
1.236
1.511
1.374
1.479
1. 344
Grindings, wet process
thous. of bu._
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
_
do
10, 769
56, 549
i 3, 307
9, 965
33, 489
10, 700
22, 037
10, 336
18, 195
11,373
21, 403
11, 406
19, 601
11, 134
20, 621
11, 033
24, 690
!), 772
24, 231
10, 629
10, 769
25, 234
12, 438
52, 068
10, 51 r.
25,011
51, 032
46, 101
21, 740
9, 459
9,365
23, 072
45, 615
16, 087
7,633
8,773
12, 492
15, 774
995. 3
11, 939
10, 218
16, 045
37, 288
1, 466. 4
9,013
29, 840
Exports, including meal
thous. of b u _ _
Prices, wholesale:
No 3 white (Chicago)
_ . dol. per bu__
No 3 yellow (Chicago)
do
Weighted average, 5 markets, all grades _. do_.
62, 039
2, 173. 2
22, 554
t>, 381
8,741
3 333. 9
10, 469
13, 512
2.135
1. 575
1.569
2.109
1. 630
1.597
2.081
1.605
1.573
(4)
1. 551
1. 525
2.095
1.562
1.540
(4)
1.573
1.557
(4)
1.600
1.578
(4)
1.546
1.522
(4)
1.579
1. 511
(4)
1. 603
1. 550
1. 618
1.658
1. 568
1.561
1.461
1.443
1, 268
13, 979
6,708
6, 884
6, 796
4,714
4,854
7,780
17, 033
24, 375
8.784
5, 908
6,187
21, 592
19, 819
10, 828
22, 945
18, 453
286
328
452
327
27, 122
977 015
305
22, 908
261
11, 958
3 220, 067
358
18, 348
238
12, 734
456. 956
935
11, 740
278
25, 041
791, 661
279
.904
.919
.881
.800
.797
.782
.772
.752
.760
.770
.743
.752
96, 375
63, 242
78, 020
55, 941
79, 454
49, 364
13,815
54, 191
13, 388
4,953
194, 685
54, 068
9,373
83, 225
72, 152
520, 281
250, 994
dol per bu
do
Corn:
Oats:
Production (crop estimate)
Receipts principal markets
Stocks, domestic, end of month:
Commercial
60, 880
4,735
26, 546
do
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu..
Rice:
Production (crop estimate)
thous. of bags 9 ..
California:
Receipts domestic, rough
thous. of Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of Ib
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills
thous. of Ib.
Shipments from mills, milled rice
do
Stocks,
domestic,
rough
and
cleaned
(cleaned
basiQ) end of month
thous. of Ib
Exports
do
Price, wholesale, head", clean (N. 6.).dol. per lb._
1
W" t
h
Stocks, end of month:
Canada (Canadian wheat) _ ._
_do__ -
Commercial
do
Interior mills, elevators, and warehouses
thous. of bu.
o
f
i
Exports total including
Wheat only
flour
_
do
do
do.
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu.
No 2, hard winter (Kansas City) _
No. 2, red winter (St. Louis)
Weighted avg., 6 markets, all grades
do _
do
_.do...
Wheat flour:
Production:
Flour
thous. of sacks (100 Ib.)
Operations, percent of capacity
Offal
short tons
Grindings of wheat
__
_
thous. of bu
Stocks held by mills, end of quarter
thous. of sacks (100 lb.)_
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (lOOlb.)..
Winter, hard, short patents (Kansas City) -do
r
8
1. 491
1. 448
1. 439
f
21,216
296
48, 660
.742
2 52, 529
89, 398
78, 442
90,896
49, 060
72, 663
76, 436
107, 170
90, 015
80, 077
62, 143
74, 247
48, 063
48, 982
44, 537
49, 517
6,282
369, 394
299, 684
219, 191
276, 817
127, 747
225, 283
61, 571
175, 366
17, 044
73, 162
8,169
106, 741
9,937
147, 581
15, 567
131, 382
6,261
84, 077
450, 783
127, 449
950, 658 1, 227, 523
315, 693
212, 755
995, 513
149, 231
.106
829, 158
203, 9~3
.108
699, 757
199, 698
.108
550, 824
80, 638
.108
482, 864
235, 052
62, 057
.124
111, 633
63, 625
.124
29, 640
.121
370, 233
113, 180
.124
124.125
.124
188, 443
56, 803
.093
572, 192 1,040,286 1, 112, 950
153. 150
113, 178
P. 094
.093
.085
239
2,254
1.751
240
2,320
1.753
1,488
3, 373
1.614
1,201
3,627
1. 516
502
3,630
1.388
1, 136
3.755
1.268
1,916
4.288
1.249
302
2,698
1.978
do
thous. of bu
48. 836
88, 012
69, 705
mil. of bu._
t
Receipts principal markets
• 3, 177
110, 166
93, 444
1
Wheat:
Production (crop estimate), total
1.515
1.438
154, 481
66, 808
Rye:
Receipts, principal markets
_
do
Stocks, commercial, domestic, end of month. _do
Price, wholesale, No. 2 (Minn.)
dol. per bu_.
1.516
1.417 ;
1
mil. of bu._
thous. of bu _
- -
12,222
21, 383
15, 910
2, 470
2,892
1.920
i 1, 291. 4
i 238. 6
i 1,052.8
23, 372
251, 107
251, 212
1, 103, 275
259,
257
276, 075
237, 465
r
114,383
2, 663
6,240
1.156
924
5,923
1.226
15, 809
19, 833
263, 986
25, 917
27, 035
261, 241
265, 465
268, 135
255, 780
231, 647
272, 551
840 836
217, 258
211, 909
205, 929
29, 298
25, 586
246, 186
101, 691
268, 440
35, 586
32, 491
28,151
24, 725
19, 769
15, 985
240, 968
79, 993
280, 818
3
3
239, 783
562, 270
239, 330
3 183, 328
3 58, 408
3 72, 840
17, 535
13, 352
32, 871
305, 420
1 539 243
359, 213
351,632
321, 582
337, 266
342, 428
352, 932
344, 142
26, 467
23, 036
20, 756
18, 945
457 631
134, 477
562. 253
21, 740
19, 066
12, 976
9,394
2.443
2. 474
2.175
1.822
2.439
2. 514
2. 217
1.899
2.533
2.621
2.288
1.882
2.562
2.623
2. 337
2.015
2.578
18,177
19, 442
86.7
393, 577
45, 328
20, 772
83.2
424, 000
48, 436
17, 944
83.8
362, 192
41, 770
103, 118
38, 907
267, 564
287, 303
2.533
2.445
2.329
2.568
2.490
2. 492
2.458
2.306
2.567
2. 402
2.380
2.530
2.358
2.355
2.505
2.521
2. 395
(4)
2. 551
2.529
2.387
2.270
2.529
2.558
2.355
2.145
2.530
18, 671
88.9
377, 270
43, 458
19, 783
87.3
397, 704
45, 968
17, 041
79.0
336, 676
39, 435
18, 565
78.0
363, 955
42, 903
17,351
79.3
380, 119
44, 107
73.5
341, 8£8
40, 103
17, 695
78.8
347, 478
1,718
4 152
2,250
1,690
1,593
1,328
1,471
1,624
1,795
1,472
777
4, 589
1, 148
1, 537
5.830
5.625
5.825
5.525
5.765
5.525
5.855
5.425
6.075
5.675
5.980
5.675
5.935
5.675
5.550
5.925
5.275
6.100
5.525
6.250
5.355
r 6. 470
«• 5. 950
18,990
40,904
2.492
2.036
1.793
2.265
18, 035
76.6
356, 570
41, 767
2. 086
1.808
2.202
18, 720
75.6
371,059
43, 344
81.1
364, 650
42, 198<
4,093
4,544
5.150
1. 249
40, 988
186. 641
1
23,399
17,998
4,877
6.008
2 1, 168. 5
2
291. 0
2 877. 5
31, 822
34, 816
30, 879
2.541
122, 947
r
321
2,685
1.831
311, 752
128, 199
399, 412
29, 785
24, 544
20, 149
16, 146
154,646
'6.501
f 6. 121
2
Revised.
» Preliminary.
i Estimate for 1952.
December 1 estimate.
4
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
No quotation.
9Bags of 100 Ib.; prior to the October 1953 SURVEY, data were shown in thous. of bu. of 45 Ib.
d*The total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
SURVEY OF CURRENT BUSINESS
January 19r>4
19 52
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
S-29
1953
December
January
February
March
April
May
June
July
August
September
October
November
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. of animals _.
Cattle
do
Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 1001b__
Steers, stocker and feeder (Kansas City) --do
Calves vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals -.
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb._
Hog-ccrn price ratio
bu. of corn equal in value to 100 Ib. of live hogSheep and lambs:
Slaughter (federally inspected)
thous. of animals- Receipts principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs average (Chicago)
dol. per 100 lb.
Larnbs, feeder, good and choice (Omaha) --do
523
616
602
1 252
2,023
263
453
422
535
1 313
1,877
192
1 170
1 609
86
1 299
1 952
124
541
504
1,151
2,379
691
586
1 371
2 019
161
1 345
2 055
160
1 450
2 440
184
1 498
2 258
211
1 494
2, 559
265
1 644
2 770
446
31.37
22.31
33 00
28.77
20.50
29 00
26.04
21.73
30 50
23.41
20.91
33 50
21.98
21.19
29 00
21.50
19.91
25 50
21.83
19.80
27 50
21.73
15.22
19 50
24.26
16.75
23 00
24.79
15.78
23 50
25. 41
15.07
21 00
5,772
3,326
7,251
4 233
6,267
3 571
4,550
2 562
4,962
2 785
4,325
2 358
3,643
2 031
3,607
2 119
3,276
1 837
3,396
1 867
16.76
16.52
17.98
19.39
20.50
21.88
23.54
23.24
23.29
11.4
10.7
12.0
13.5
13.8
14.2
15.5
15.5
16.5
1,069
1 289
335
1,218
1 267
215
1,289
1 295
158
1,088
1 038
90
1,190
1 173
122
1,100
1 115
99
1,015
1 147
131
1,055
1 108
102
22.62
20.50
21 62
19.18
21 50
20.52
22 38
20.01
23 12
20.83
24 00
0)
25 12
0)
1,572
1,712
1,649
1,043
63
990
55
929
55
701 , 489
274 457
1 272
779, 450
256 439
1 368
826, 083
234 891
1 794
510
776
687
658
1 782
3 080
773
1 609
2 997
643
25. 35
15. 74
22 50
24.83
17. 56
v 22 00
4, 059
2 169
4,994
2 665
5,540
2 950
22.97
24.18
21.54
20.80
15.9
15.9
15.9
15.0
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
25 50
0)
25.38
17.94
23.38
17.78
19 25
15. 57
19.00
16.41
19 25
18.22
1,537
1,617
1, 579
1,525
1,675
1, 913
1.941
818
50
749
46
638
50
532
50
460
40
812, 729
210 274
1 965
859, 894
190,408
2 848
877, 290
163 626
3 073
860, 476
155, 672
2 973
925, 007
159, 376
2 273
r
MEATS
Total meats (including lard):
1,742
Production (inspected slaughter)
mil. of lb_.
1,999
2,127
Stocks (excluding lard), cold storage, end of month
mil. of lb._
693
1,038
922
59
Exports
do
65
59
Beef and veal:
Production (inspected slaughter)
thous. of lb__ 662, 271
734, 974
775, 091
252. 306
Stocks cold storage, end of month
do
286 299
287 258
1 319
1 153
Exports
do
877
Price, wholesale, beef, fresh, steer carcasses, choice
.514
.545
(600-700 Ibs.) (New York)
dol. per lb._
.477
Lamb and mutton:
Production (inspected slaughter)
thous. of lb-_
47, 505
56, 616
61, 371
21,912
1 7, 580
Stocks, cold storage, end of month
do_
20 816
Pork, including lard, production (inspected
slaughter)
thous. of Ib 1,031,841 1,335,205 1, 162, 504
Pork, excluding lard:
765 850
Production (inspected slaughter)
do
841 949
984 200
319, 643
Stocks cold storage, end of month
do
595 546
489 152
8,742
7,386
Exports
-_ _ - __do
8,605
Prices, wholesale:
.552
Hams, smoked, composite
dol. per lb_.581
.559
Fresh loins, 8-12 Ib. average (New York).do
.424
.402
.449
Lard:
Production (inspected slaughter)
thous. of lb_- 194,381
234, 448
256, 269
136, 610
Stocks, dry and cold storage, end of month t-do
241, 760
210, 994
Exports
do_
50 867
44, 347
46, 638
Price, wholesale, refined (Chicago) -_dol. per l b _ _
.120
.113
.133
r
r
460
36
601
994, 342
183 864
2 942
897. 620
224 865
.432
.392
.382
.387
.426
.432
.451
.427
.431
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
12 709
816, 995
874, 686
770 875
654, 193
614, 699
692 034
853 449
991 497
650 145
569 204
7, 745
570 190
538 025
5 210
677, 203
«
502 422
459 755
6,392
712, 978
601 403
604 813
9,983
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
266 101
.595
.464
.602
.479
.592
.523
.619
.567
.650
.576
.683
.597
.675
.570
.623
.543
.544
.516
P. 558
.452
157, 799
241,890
45, 881
.125
164, 072
239. 009
39 862
.135
146, 255
225, 936
40 675
.135
128, 166
200, 621
33 841
.150
130, 863
169,311
28 908
.140
120, 175
109, 342
33, 193
.163
105, 809
55, 637
34, 505
.183
116, 615
42, 439
24, 412
.233
149, 478
45, 205
19 402
.205
180, 413
51, 462
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
T 259 085
79 443
285 894
. 385
r
r
T
r
.192
POULTRY AND EGGS
Poultry:
Receipts 5 markets
thous. of Ib
74 618
Stocks, cold storage, end of month
do
294, 424
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
dol. per Ib
.250
Eggs:
Production, farm
millions.4,480
Dried egg production
thous. of Ib- .
957
Stocks, cold storage, end of month:
Shell
thous of cases
393
Frozen
_ __.
thous. of Ib
12, 462
Price, wholesale, extras, large (Chicago)
dol. per doz. .
.560
70 745
278 595
38 884
261 072
263
310
318
333
345
325
.245
.275
.255
255
235
230
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
153
50, 176
120
34, 980
248
42, 419
37."
65, 201
Slfi
98, 978
1 431
132, 294
1 513
159, 755
1 199
152.835
827
133, 427
494
109, 869
r 288
86 867
134
60 793
.489
.454
.443
.495
.497
. 486
.531
.587
.624
.517
r
. 613
.543
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salest- -thous. of doL_
Cocoa:
Imports
long tons
Price, wholesale, Accra (New York) --dol. per lb_.
Coffee:
Clearances from Brazil, total
thous. of bags__
To United States.
do
Visible supply, United States.- ._ _ do
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per l b _ Fish:
Landings, fresh fish, 5 ports.
thous. of Ib
Stocks, cold storage, end of month
_ do ._
r
101,501
102, 603
87, 060
83, 063
81,213
77, 096
63. 522
56, 041
48, 895
63, 932
104, 262
110.4%
109, 988
13, 272
.318
37, 144
.308
32, 530
.318
24, 705
.300
21,775
.328
27, 425
.339
28, 493
.334
26. 164
.346
20,859
.385
13, 574
.386
10, 587
.403
8 504
.400
P . 449
1,450
893
1, 453
817
1,269
788
1,160
757
1,374
776
999
526
860
411
1,149
685
860
361
1,286
744
1.870
1 122
1,544
873
1,814
1 164
2,149
1,256
1,278
1,470
2,130
1 261
529
1,396
.535
31, 529
210, 658
691
2, 207
. 538
26, 363
192.818
712
1,841
.540
20, 492
170,263
776
1,815
. 553
23,689
142. 040
700
2,249
634
511
666
531
582
1,320
813
628
.618
.573
.553
.560
.593
.615
.615
.600
31,514
119,099
34, 91 1
109, 189
47,314
113. 581
75, 903
142, 655
75, 392
169, 686
60, 155
176, 680
45, 643
174. 640
38, 692
176. 047
778
v . 585
179. 370
p
l
Revised.
Preliminary.
No quotation.
t Revised series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard; data prior to June 1952
will be shown later.
t Re visions for 1952 are shown in the August 1953 SURVEY.
SURVEY OF CURREXT BUSINESS
S-30
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
J a n u a r y 1<K~4
1953
1952
Xovem- December
j
ber
January
February
March
April
June
May
July
Sept
b
August
October
FOODSTUFFS AND TOBACCO—Continued
•
MISCELLANEOUS FOOD PRODUCTS— Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons..
* 2, 720
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
short tons . . 732, 540
Entries from off-shore
do
226, 901
Hawaii and Puerto Rico
do
108, 362
_
- -
-
2,170
1,970
388. 838
194 722
123, 853
69. 484
469, 755
596, 070
593, 793
2. 679
3.801 !
34,014
149,498
398, 576
143, 730
2,277
576. 630
574, 7*9
1,841
1 . 521
625
1,602
1,587
1?0 331
102, 213
9 599
158,151
129,183
25.224
270, 596
205. 264
59, 642
260, 306
1 78, 51 9
361,182
341.775
303, 479
274, 851
81,667
55.438
62,664
- do
do
2,618
0
7 19*
350
37 924
32, 493
28, 1 73
25, 614
46,834
55,961 !
48, 433 <
dol. per Ib
.064
. 060
.060
.062
.064
dol per 5 Ib
dol. per Ib
thous. of Ib
.495
.086
5 530
.494
.085
6, 931
i . 495
. 085
10,466
.493
.083
. 490
.086 '
10.590
Deliveries, total _. .. _ _
do...
For domestic consumption
do
For export
do
Stocks, raw and refined, end of month
thous. of short tons.
Exports
short tons
Imports:
Raw sugar, total
do
From Cuba
. .....
do
From Philippine Islands
_ _ _do
Refined sugar, total
From Cuba
Prices (New York) :
Raw wholesale
Refined:1
Ret-ii
Wholesale
Tea imports
i
|
TOBACCO
Leaf:
Production (crop estimate)
..
mil. o f l b
Stocks, dealers' and manufacturers', end of quarter, total
mil. o f l b
Domestic:
Cigar leaf
.. .. ..do._
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil o f l b
Foreign grown:
Cigar leaf
- - - - --do. ..
Cigarette tobacco
do
Exports, including scrap and stems
thous. of lb_.
Imports, including scrap and stems
do
Manufactured products :
Production, manufactured tobacco, total. .. do
Chewing, plug, and twist
do
Smoking. _.
_ _ ..
. do_.
SnufT
_ - do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
millions
Tax-paid
do
Cigprs (large) tax-paid§
thousands
Manufactured tobacco and snuff, tax-paid §
thous. oflb..
Exports, cigarettes
millions..
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination
dol. per thous..
T
r
520, 940
5 19, 375
r
1 565
r
2,658 i
\\ 078 i
2,083
643 637
461 177
238 494 |
254.321
97,620
4,676
4,364
3.908
3, 218
37.407 :
627.988 !
192.443 j
59.948 ;
12,283
854,355 i 530,430
248,129 '; 235,756
51.262
628. 878
26, 860
607. 226
234, 674
37. 059
614, 988
54H, 884
545. 674
1.210
878. 155 i
876. 548 !
1,607 ;
588, 583
5S7, 001 i
1,582 1
599, 440
597, 627
1,813
886. 890
885, 1 68
1.722
778, 556
777. 391
i l l 05
1.513
1 . 306
441 ;
1 , 392
685 :
1,312
1 , 1 03
966
9,095
14,326
11,473
21,879
325,791
393, 731
221 , 650
165, 748
339, 220
238. 565
91 . 880
330, 805
266, 009
93,039
64,421
321,374 i
201.899
92,486 [
180 291 !
118 650 1
56 920 |
54,782
46. 720
40. 271
40, 226
38, 937
37.178
47. 760
44, 598
27, 110
26.437 i
2 057 !
250 >
.064
.064
.064
.064
.064
.064 I
. 495
.086
11.141
. 495
.086
7,943
.495
.086
9,215
.498
.086
7, 506
.500
.087
7. 766
. 502
.087
10,364 i
10.356
7,949
39, 549
4,906
1 , 423
222, 582
!
180.490
790. 640
779. 785
r
10,855
117,506
563, 878
237, 561
'
844, 285
842, 829
1,456
182.958
.
...
5S6. 710
641 490
639 991 ! 581.366
5, 344
1 499
851
526
1 186
303
1.697
064
P . 060
503 '
087 i
9 491 !
.500
'' . 085
i
2
43, 793
8, 025
16.123 *
6,378
6,843
2 255
4 491
4 498
341
391
3 963
3 900
19
168
36, 934
7, 736
19
167
41,020
9,085
16,369
2 903
6, 469
6, 662
3, 237
3 408
30, 386
528, 081
2, 859
30, 066
448, 045
15.653
1.244
3. 555
30, 746
8.918
22, 900
8,291
16,683
6,394
16,385
6, 893
3, 396
6. 638
6. 639
3.108
1
i
!
j
!
j
4 036
4 23
;
368
338
i
3 472
:^ 7m
:
;
50,103 ;
7,961 i
35,682
8,787
17,947
7.138 j
7,458 !
3.352 i
18.326 '
6,935
8.064
3.328
17,806
7,246
7.494
3,066
2. 046
18
178
33, 263
9, 578
!
18
i
18,170
7. 347
7,430
3. 393
IRS !
60, 304
10 475
55 738
9 269
<
17.814
18,833
19 273
j
0, 879
7. 569
3, 367
7, 239
8, 302
3, 281
24. 649
7. 662
40.511
1 5, 999
7.194
6, 301
2, 504
3, 339
2. 770
34. 658
497, 670
3, 585
2 813
33,598
518,748 ;
34 860
540 124
18 580
178
r
9, 268
:
7 473
8 424
3 376
2, 649
32, 498
32.212
2.703
31,607
477,520 j
2,658
30,587
507,629
29,914
542. 594
3,856
34.105
469.164
3. 130
33, 304
431.158
501,499
463, 787
1 5, 786
1 , 626
16,804
15,480
17,056
17,887 i
17,488
17,812
18, 103
1 , 348
1,813
1,331
1,482
1,119
15 862
1.'321
17,539
1,306
1, 158
1.535
3. 555
3. 555
3. 555
3.938
3.938 ]
3.938
3. 938
3.938
3. 938
3. 938
20, 258
268
47
2 731
4,629
1 5. 602
187
121
3 168
1 ' 688
13, 646
188
26
2 121
2, 760
15.319
150
41
2 666
2! 680
208
40
1 726
T 157
.513
170
. 500
170
.400
148
2. 394
3
9
;
_
_
I
;
1
!
3 938
3.938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins_. ._ __thous. o f l b
Calf and kip skins __
. -thous. of pieces
Cattle hides
_
do
Goat and kid skins
do
Sheep and lamb skins
. __ .
do
Prices, wholesale (Chicago):
Calfskins, packer, heavy, 9^/15 Ibs dol. per Ib. .
Hides steer heavy native, over 53 Ibs
do
8.918
142
21
2 307
720
14. 147
182
50
3 771
1,195
12,429
1 1 , 264
13,093
18.407
18,166
137
20
3 673
1 , 392
38
2 404
1J431
217
41
o 870
1,759
123
31
3 055
4, 466
253
21
3 032
3. 826
.513
.170
.488
165
.488
120
. 550
1 37
. 563
. 128
. 513
. 138
. 613
. 1 53
. 625
150
LEATHER
Production:
930
857
936
871
849
827
Calf and kip
thous. of skins
846
994
2, 1 23
2. 133
2.102
2,020
2.006
2,117
1,998
Cattle hide
._
_.
_ thous. of hides
1.963
2, 802
2.709
3.172
2,979
2,922
3,121
Goat and kid
thous. of skins..
2. 572
2. 985
2, 618
2,319
2, 215
2, 368
2, 435
Sheep and lamb . . .. ... ..
do
2.442
2,244
2. 520
Exports:
Sole leather:
65
Bends, backs, and sides
thous. o f l b . .
82
42
23
65
24
24
76
96
33
13
43
73
55
53
Offal, including belting offal ._. .
do
2 818
2, 996
3, 000
4 002
Upper leather
thous. of sq. ft
3, 959
2. 512
2 743
3 492
Prices, wholesale:
.705
Sole, bends, light, f. o. b. tannery
dol. per Ib..
.705
.680
.690
.725
. 685
.680
.720
Upper, chrome calf, B and C grades, f. o. b. tan
1.007
1.12
.987
.968
1.000
.955
1.127
nery
dol. per sq. ft..
1.013
r
Revised.
T Preliminary.
1
Revised beginning 1953 to represent price for New York and Newark for January-June; thereafter, for New York and northern New
2
Estimate for 1952.
3 December 1 estimate.
§Revised to represent data based on number of stamps used by manufacturers; revisions prior to May 1952 will be shown later.
.513
158
685
1.815
2,828
2, 1 03
23
75
9 £95
. 690
1.082
Jersey.
790
1,978
2,354
2, 558
21
21
2 840
.690
1.042
10,934 ....
839
T
r
804
1,893
2,241
2,065 \
2,578 i
2 433
2 409 '
52
(53
3 383
67 1
56
2 996
. 690 j
1.042
p . 468
" 153
j
. 670
'1.002 !
...
_
f . 675
f 1.000
SURVEY OF CURRENT BUSINESS
1954
S-31
19 52
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
1953
December
January
F
arv U " I
March
1
April
May
June
July
August
September
October
November
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
Bv tvpes of uppers: c?
'\lUeather
do
Tart 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 hotisevvear
do
Athletic
... _ _ do-_
Other footwear
do
Exports _ - . _
.. . - . _. . do
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, rattle 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. _ d o
38, 932
42, 033
45, 268
44. 872
48. 723
44 968
41 858
40 824
40 297
42, 804
39, 902
40, 121
32, 659
37, 303
41, 778
40, 967
44, 079
40 193
36 979
35, 790
34 972
36, 539
33, 376
33, 183
29 080
3. 579
32 750
4, 553
36 278
5, 500
35 336
5, 631
37 520
6, 559
33 898
0* 295
31 986
4 993
31 745
4 045
31 630
3 342
33 255
3, 284
30 404
29 842
3, 341
7 866
1 442
15,580
9 010
1, 539
18. 028
5, 585
3, 141
4, 161
8 953
1 558
9 125
1 622
22, 945
6 527
3, 860
4 059
8 979
20, 765
5 436
3, 539
4 271
8
1
18
5
3
4
532
574
490
139
247
375
8 136
f 595
18 161
5 077
2 821
4 533
7
1
18
4
2
4
r
3, 292
2 946
8 745
1 515
21 . 005
6 298
3. 404
3 309
)60
637
687
603
485
790
7 963
1 696
19, 077
5 107
2, 696
5 697
229
340
305
226
318
293
238
298
388
265
320
468
279
225
353
280
9
24
348
258
243
253
269
266
313
296
9
72
421
283
262
446
273
258
419
109 0
110 3
110 3
110 3
110 3
110 3
110 3
110 3
110 3
110 3
110 3
110 3
P no 3
114. 5
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 ]
110.7
p 117 5
v 112.3
4 882
2, 889
5 Bf>8
237
3(58
340
112.9
21.718
1*474
2,972
7 670
1 457
8 006
l' 390
1 5, 690
5 130
2, 967
6 407
16,602
4 883
2, 764
5 981
LUMBER AND MANUFACTURES
LUMBER— A L L TYPES
Exports, total sawmill products - . . M bd. ft
Imports, total sawmill products
do
National Lumber Manufacturers Association:©
Production total
mil bd ft
Hardwoods
do
Softwoods
do
Shipments, total
_. do
Hardwoods
do
Stocks, gross (mill and concentration yards), end
of m o n t h total
mil bd ft
Hardwoods
do
Softwoods
. --_
-.do
SOFTWOODS
Douclns fir:
Orders new
do
Orders, unfilled, end. of month.
__. do
Production
do
Shipments
.. .
do
Stocks, Across, mill, end of month
do
Exports, total sawmill products
M bd. f t _ Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4'', R. L.
dol. per M bd. ft
Flooring, B and better, F. G., 1" x 4". R. L.
dol. per M bd. ft...
Southern pine:®
Orders, new
.
..
..mil. bd. ft
Orders, unfilled, end of month.
_ do
Production
_.
do
Shipments __
__
_ _ __do
Stocks, gross (mill and concentration yards), end
of month
mil bd ft
Exports, total sawmill products
. M bd. 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
Floorine. B and better, F. G., 1" x 4" x S/L
dol. per M bd. f t _ .
Western pine:
Orders, new
mil bd ft
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, gross, mill, end of month
.
do
Price, wholesale, Ponderosa, boards, No. 3 common, \" x 8"
dol per M bd ft
44. 358
241. 379
60. 595
243. 479
54. 326
189, 269
62, 158
195, 457
47, 247
238, 076
58, 631
219, 381
53, 192
242, 183
53, 765
270, 350
53, 037
253, 021
54, 245
246, 389
52,517
50,919
253, 650
243, 520
3. 074
694
2 380
3,077
711
2 366
2, 860
620
2 2*0
633
2 249
2.977
660
2,317
3,043
708
2 335
2. 945
680
2, 205
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, 500
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, 240
650
2, 596
3, 075
718
2, 357
?, 869
624
2. 245
8, 327
3. 21 4
5. 113
8, 306
3, 201
5, 105
8,221
3, 153
5, 068
8, 21 1
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
8,314
2, 871
5, 443
8, 587
3.012
5, 575
8, 793
3, 107
5, 686
774
753
785
777
899
14, 105
4, 156
9,949
823
811
812
704
948
16. 455
4, 984
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
780
789
826
715
830
848
r
974
24, 422
753
717
758
742
991
7,499
779
746
817
806
1, 006
24, 986
12, 993
10, 469
11,993
2.882
11,471
2,708
5. 360
995
17, 968
11,842
12,580
86. 310
84. 945
84. 665
84. 105
83. 405
82. 845
79. 009
78. 064
77. 252
76. 972
75. 187
122. 051
124. 460
124. 460
125. 105
126. 232
127.049
126. 396
126. 396
126.085
1 26. 085
125. 930
r 125. 113
v 124. 000
677
372
670
681
599
295
708
676
758
320
767
733
692
350
700
662
752
356
767
746
803
383
830
776
739
376
754
746
709
344
767
741
714
306
764
752
673
287
707
692
693
269
707
711
660
237
767
692
623
230
673
630
1, 562
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, 766
1,841
4, 662
1,005
3 657
1.884
- 76. 545
P 76. 545
1, 530
6, 163
1 776
4,387
11,517
1 529
9, 988
1,770
8,549
3,952
810
7, 739
1,105
' 74. 347 P 73. 172
2,847
81. 921
82. 113
81. 402
81. 180
80. 675
80. 487
79. 439
78. 748
78. 227
77. 614
77. 703
158. 971
158. 971
159. 583
159.706
159. 360
158. 748
156.604
156. 604
157. 829
157.523
157.523
592
614
572
561
1,855
614
628
462
550
1,767
610
670
420
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
7U
%
688
1,557
714
400
761
685
1, 633
004
355
782
711
1,704
678
342
767
690
1,781
81. 31
82. 65
83.61
83. 64
84.07
85 00
85.04
84.92
83. 26
81.10
76. 11
237, 048
241, 589
100, 925
270, 059
272, 669
96, 916
289, 083
290, 689
97, 619
302, 975
301, 638
99, 103
339, 259
338, 115
100, 073
351,913
344, 257
107, 562
334, 309
335, 972
106, 057
345, 269
341,083
110, 662
281, 542
278, 267
113,512
254, 756
253, 635
113, 871
' 157. 217 P 156. 195
r
722
380
759
684
1.856
491
317
583
554
1,885
70. 84
v 70. 03
SOFTWOOD PLYWOOD:
Production
thous. of sq. ft., %" equivalent..
Shipments. __
.. ...
do
Stocks, end of month .
..
do
HARDWOOD FLOORING
Maple, beech, and birch:
4, 300
Orders, new
M bd. f t _ .
3, 800
4,525
3, 650
4,850
4,150
5,075
5,250
4,275
4,400
3,300
3,975
3,575
Orders, unfilled, end of month
. do
9, 650
9, 325
9, 600
9, 650
9,900
10, 350
10, 450
10, 050
9,800
9,500
8,450
8,100
7, 850
Production
.
do
3,900
4,000
3.200
3. 900
4,200
3,875
3, 500
4, 150
3,100
3,950
4,100
4,750
3,775
Shipments
do
3,650
4, 050
3, 350
3, 550
4,250
4,125
4,050
5,150
4, 350
4,300
3,850
3,925
3,750
Stocks, mill, end of month
do
10, 200
10, 275
10. 000
10, 550
10, 525
10, 100
10, 600
8, 025
8, 950
7,650
7,650
8, 500
8,675
r
Revised.
f Preliminary,
cf The figures include a comparatively small nu mber of "other footw ear" which is not sho wn separat ely from s loes, sandf ils, etc., in the distrib ution by t ypes of upr ers; there tire further
small differences between the sum of the figures and the totals f or shoes, s[mdals, anc: play shoe >, because he latter, i ind also th e distribut on by kinc is, include small revis ions not av ailable by
types of uppers.
® Re vised monthly data for January 1950- July 1352 are ava liable upoii request.
JRevisicms for 1952 appear in the Augus t 1953 SURI^EY.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
November
January 10.14
1953
December
January
Fe
aT
March
April
May
June
July
August
September
October
November
68 178
46' 584
76 703
73 924
55 391
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_
63, 707
50, 843
76, 794
74, 393
72, 004
73, 232
56, 093
72, 716
67, 982
76, 738
89, 979
66, 898
78, 157
78, 556
76, 339
87, 638
76, 823
72, 283
77, 265
69, 323
98. 269
86, 161
79, 615
85, 226
62, 064
84, 222
86, 584
84, 371
88, 359
55 268
65, 466
77, 419
77, 825
80, 635
52, 458
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
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total
short tons
Scrap
do_. _ _
Imports, total
- -- -do
Scrap
do
387, 319
19, 790
177, 224
11, 767
440, 042
20, 672
205, 599
8,092
328, 091
12, 147
149, 371
5,254
283, 903
24, 012
136, 349
10, 846
313, 602
16, 033
181, 185
10, 185
293, 087
17,417
266, 254
11,255
306, 774
17, 699
261, 581
3,138
285, 251
19, 416
269, 806
15,032
251, 365
15, 988
312, 969
22,083
233, 702
35, 513
272, 106
18, 669
243, 571
25, 477
241, 726
14, 438
270, 433
30, 041
210, 830
7,104
6,676
3,444
3,231
6,936
1,350
5,586
6,820
3,490
3,330
6,902
1,322
5,580
7,008
3,579
3,429
6,632
1,314
5,317
6,499
3,343
3,156
6,722
1,295
5,427
7,321
3,724
3,597
6,569
1,248
5,321
6,974
3,585
3,390
6,694
1,295
5,400
7,050
3,572
3,478
6,603
1,343
5,260
6,665
3,489
3,176
6,395
1,344
5,051
6,204
3,295
2,909
6,560
1,451
5,109
6,314
3,386
2,928
6,893
1,567
5,327
6,043
3,362
2,681
' 7, 033
1,639
' 5,394
P 6, 306
9,448
11, 531
5,119
3,260
2,970
5,449
3,387
2,002
6,824
3,214
1,909
8,149
4,113
2,181
10, 031
9,971
10, 486
9,516
14, 287
15, 002
8,851
15, 368
15, 663
8,556
15, 719
16, 534
7,739
15, 473
16, 284
6,943
15, 143
15, 457
6,614
12, 290
13,512
5,396
427
8,220
45, 172
39, 055
6,116
746
0
8,293
37, 077
31, 967
5,110
681
0
7,396
29, 949
25, 741
4,207
576
313
8 257
22,' 065
19, 026
3,039
576
8,404
7,764
21, 572
18, 816
2,757
780
13, 597
8,358
26, 247
23. 198
3,049
966
13, 745
8,056
32, 070
28, 526
3,544
1,125
14, 497
8,239
38, 829
34, 443
4,386
1,148
15, 237
8,150
45, 579
39, 988
5,591
1,109
13,214
7,699
51, 767
44, 612
7,155
1,137
11,538
••8,131
' 55, 699
'47,419
8,280
1,085
88
157
141
95
96
95
103
134
127
89
90
134
1,309
1,061
594
1,316
1,142
619
1,333
1,162
622
1,332
1,136
607
1,376
1,264
675
1,306
1,277
683
1,272
1,186
642
1,246
1,196
648
1,233
1,056
573
1,223
1,069
589
1, 170
' 1, 106
612
1,076
1,142
650
167, 842
76, 099
46, 708
173, 494
80, 680
50, 485
174, 809
87, 249
53, 272
175, 088
86, 515
51, 963
177, 776
94, 481
57, 025
174, 514
95, 923
57, 757
160, 387
82, 050
48, Oil
151,016
86, 514
50, 819
137, 251
77,111
45, 413
120, 801
73, 855
45, 415
114, 523
74,333
45, 466
104, 046
73, 473
45, 515
6,227
6,128
6,510
6,367
6, 564
6,478
5,882
5,832
6,677
6,577
6,231
6,236
6,587
6,546
6,373
6,251
6,516
6,249
6,472
6,353
6,202
6,024
6,498
v 6, 421
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
p 6, 773
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 ^y 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.-
9,295
' 7, 816
51, 208
44, 318
6,890
1,012
5,300
7,522
54, 990
46, 905
8,085
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders, unfilled, for sale
thous. of short tons..
Shipments total
do
For sale
do
Castings, malleable iron:
Orders unfilled for sale
short tons
Shipments total
do
For sale
do
Pig iron:
Production
thous. of short tons..
Consumption
__doStocks (consumers' and suppliers'), end of month
thous. of short tons.Prices, wholesale:
Composited1
dol. per long tonBasic (furnace)
- - --do
Foundry, No. 2, f. o. b. Neville Island. -do
1,897
1,964
1,852
1,884
1,895
1,876
1,887
1,977
2,298
2,368
••2,511
^2, 526
56.31
54.50
55.00
56.31
54. 50
55.00
i 54. 73
54.50
55. 00
54.73
54.50
55.00
54.73
54.50
55.00
54.73
54.50
55.00
54.73
54.50
55.00
54.80
54.50
55.00
56.22
56.00
56.50
56.23
56.00
56.50
56.10
56.00
56.50
56. 03
56.00
56.50
6,063
56.03
P 56. 00
P 56. 50
Steel, Crude and Semimanufactures
Steel castings:
165, 649
164, 665
139, 577
141,340 * 135,303
182, 181
179, 615
161, 733
167,211
175, 675
Shipments total
- - - short tons _ 148, 259
105, 687
102, 880
107, 941
110, 467 122, 166 126, 819 137, 592 141, 873 140, 051 126, 380 125, 984
For sale total
do
22, 925
24, 108
29, 552
30, 381
25,026
34, 364
34, 035
33, 156
25, 972
26, 752
22, 287
Railway specialties
do. _
Steel forgings:
Orders unfilled total
- - -do_. 1, 398, 863 1, 207, 058 1, 206, 550 1, 199, 151 1, 197, 291 1, 081, 838 1, 239, 057 1, 135, 343 1,080,582 33 974, 153 882, 034
155, 288
191, 189
185, 323
153, 173
196, 441
150, 512
155, 630 180, 538 183, 545 183, 709 200, 152
Shipments for sale total
do
132, 580
112, 848 3 110, 926
134, 686
110, 305
140, 510
112, 622 133, 851 137, 221 135, 682 147, 701
Drop and upset
do
52,
743
42, 440
56, 503
42,868
3 39, 586
52, 451
55, 931
46, 324
48, 027
46, 687
43, 008
Press and open hammer
do
Steel ingots and steel for castings:
9,404
9,276
9,997
9,406
8.883
9, 546
10, 168
9,898
8,933
9,691
9,440
Production
thous. of short tons .
93
97
94
92
100
99
102
99
99
106
106
Percent of capacity t
-Prices, wholesale:
.0524
.0524
.0501
.0513
.0524
.0498
.0498
.0498
.0498
.0498
.0498
Composite finished steel
dol. per Ib _
Steel billets, rerolling (producing point)
2
1
2
72. 00
2 72. 00
62. 00 2 69. 00
72. 00
59.00
59.00
59.00
59.00
59.00
59.00
dol. per short ton..
2
2
» . 0438
2 . 0438
. 0413 I 2 . 0413
. 0438
.0420
.0420
.0420
.0420
.0420
.0420
Structural steel (producing point)
dol. per lb_.
Steel scrap, heavy melting (Pittsburgh)
39.50
40.50
44.50
40.50
45.50
44.00
44.00
44.00
44.00
44.00
44.00
dol. per long ton._
140, 702
106, 788
25, 411
797, 808
155, 772
112, 803
42, 969
9,463
95
.0524
2
72.
2
8,690
90
. 0524
00
. 0438
* 2 72. 00
*> 2. 0438
36.50
p 36. 50
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
4,459
4,393
4,052
4,804
3,748
3,901
4,013
3. 404
4,878
5,052
4,949
5,174
4,884
Orders, unfilled, end of month
.thousands
r
2, 086
1. 975
2, 101 !
2, 054
2,026
1,950
2, 068
1,981
1, 848
1,670
1,798
2,046
1,892
Shipments
do_117
84 !
81 I
90
94
123 j
90 i
88
62
68 i
63
48
28
Stocks end of month
_ _ _.
do
r
l
3 Data beginning \ugust 195 3 represent
2 Data 1Deginning TVlay 1953 re present qi otations fo r a substitLited series,
Revised.
* Preliminary,
See note mark pd "cf" for this pago.
estimated industry totals based on forge shops whos ? shipment s in 1947 ac^counted fo r over 9C p ercent of t()tal shipnif Mits; earliei* data are e stimated t otals based on a differ ent sample
d" Beginning January 1953, new weighting facto rs have be 3n introduc3ed and de livered pri ces elimina ted. Quo ;ations coniparable w th earlier ; Drices may be derived by adding $1.58 (plus
cA f/-> <->.<-. vi
a very small adjustment for any freight-rate increases)
to the stated prices.
JFor 1953, percent of capacity is calculated on annual capacity as of January 1, 1953, of 117,547,470 tons of steel; 1952 data are based on capacity as of January 1, 1952, of 108,587,670 tons.
SURVEY OF CURRENT BUSINESS
Jan narv 11)54
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
1952
November
S-33
December
January
February
March
April
May
June
July
August
September
October
November
1,097
22, 378
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products— Continued
Cans, metal, shipments (In terms of steel consumed) ,
total
short tons
Food
do
Nonfood
do
Shipments for sale
do
Commercial closures, production
millions
Crowns, production
thousand gross
Steel products, net shipments:
Total
thous of short tons
Bars hot rolled— All grades
do
Reinforcing
do
Semimanufactures
do
Pipe and tubes
do
Plates
do
Rails
do
Sheets
do
Strip — Cold rolled
do
Hot rolled
do
Structural shapes, heavy
do
Tin plate and terneplate
do
Wire and wire products
do
245, 036
152,116
24, 875
256, 739
158,612
98, 127
219, 682
1, 138
27, 002
269, 597
167, 764
101, 833
227, 068
1,186
26, 616
252, 084
151, 200
100, 884
215, 587
1,138
24, 696
279, 372
161, 854
117,518
238, 914
1,296
27, 627
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
6,648
7, 105
7,068
6,533
7, 437
7,162
7,209
6,950
6,401
6,727
865
211
395
857
720
153
6,583
6,499
828
153
350
783
679
145
853
146
358
832
714
166
779
156
335
804
659
148
838
155
357
880
650
150
873
159
352
828
698
161
843
157
329
847
614
162
750
148
252
778
586
150
758
161
232
864
644
164
1,843
1, 851
1,695
1,982
2,007
2.003
1,924
794
166
295
801
587
156
723
163
232
833
586
162
1.714
894
173
415
902
707
168
1,957
1,921
1, 864
2.003
166
194
416
388
443
179
196
422
373
454
190
203
418
433
458
167
183
395
373
435
205
210
416
448
471
194
206
414
442
447
187
214
417
459
449
190
210
397
441
426
151
161
414
405
328
188
195
391
390
378
191
192
393
340
349
194
180
442
361
329
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
.0750
.0750
.0825
.0995
.0924
.0838
.0936
.1000
.0900
.0900
. 0825
.0996
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
241.2
55. 5
••185.7
' 113. 6
.417
149. 3
89.4
». 417
92, 920
208, 128
992
NONFERROUS METALS AND PRODUCTS
Aluminum:
74, 639
Production primary
short tons
296, 613
Imports bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
. 0750
dol. perlb..
Aluminum fabricated products, shipments,
212.1
total
mil of Ib
46.5
Castings
do
165. 6
Wrought products, total
do
98.2
Plate sheet and strip
do
.402
Brass sheets, wholesale price, mill
dol. per lb_ .
Copper:
Production:
Mine production, recoverable copper
75, 521
short tons..
Crude (mine or smelter, including custom in80, 436
take)
short tons
100, 075
Refined
do
125, 338
Deliveries, refined, domestic
do
69, 237
Stocks, refined, end of month.. .... __ do
13, 016
Fxports, refined and manufactured
do
59, 144
Imports total
do
23, 930
Unrefined, including scrap
do
35,
214
Refined
do
.2420
Price, wholesale, electrolytic (N. Y.).dol per lb_.
Lead:
Ore (lead content):
29, 160
Mine production
short tons
30, 537
Receipts by smelters, domestic ore
do
Refined (primary refineries) :
49, 806
Production
do
48, 261
Shipments (domestic)
._
do
35, 686
Stocks, end of month
do
Price, wholesale, pig, desilverized (N. Y.)
.1416
dol. per lb__
Imports, total, except mfrs. (lead content)
41, 305
short tons
Tin:
4,210
Production, pig§
long tons
6,636
Consumption, pig, total 5
do
4, 311
Primarv^
do
24, 321
Stocks Dig, end of month total}
do
13,659
Government}
do
10, 662
Industrial §
do
Imports:
2,177
Ore (tin content) q
do
5, 850
Bars blocks pi£T etc
do
1. 2127
Price, wholesale, Straits (N. Y.)
dol. per lb__
Zinc:
48, 899
Mine production of recoverable zinc short tons
Slab zinc:
78, 563
Production
do
90, 756
Shipments, total. ._
do._
81, 439
Domestic
__ _
do
83, 149
Stocks, end of month-. ..
...do
Price, wholesale, prime Western (St. Louis)
.1250
dol. perlb..
23. 235
Imports, total (zinc content) _ _
short tons
2. 555
For smelting, refining, and export
do
For domestic consumption:
7,027
Ore (zinc content)
do
13, 653
Blocks, pigs, etc
do
r
75, 764
77, 594
72, 367
80, 807
79, 621
80,829
73, 646
76, 461
75, 574
75, 481
r 79. 980
75, 166
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, 294
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
114, 760
104, 886
72, 907
17, 465
58, 353
48, 938
9,415
.2962
r 92. 435
126, 138
110,519
84, 303
18, 870
51,095
35, 351
15, 744
. 2960
87,014
119,230
100,908
93, 274
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
26, 904
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
.1350
.2965
.1413
.1419
.1350
.1340
. 1268
.1275
.1341
.1368
.1400
.1374
. 1350
85, 133
48, 002
42, 144
36. 410
42, 810
43, 612
45, 918
30, 796
41, 234
22, 031
34 107
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
11,627
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, 389
13, 086
13, 303
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
49, 789
54, 035
49, 500
51. 803
51, 335
47, 940
46, 413
42, 252
41, 034
39, 037
38 670
81. 363
77, 352
71, 175
87, 160
81, 994
80, 679
77, 573
88, 475
76, 899
71,710
67, 729
93, 664
83, 485
77. 285
72,388
99, 864
80, 459
86, 043
78, 211
94, 280
82, 422
84, 250
75, 648
92, 452
81, 617
76, 784
72, 612
97, 285
80, 825
74, 204
69, 498
103, 906
83, 241
69, 250
65, 450
117,897
81, 211
57, 547
55, 167
141, 561
84, 031
67. 175
65, 470
158,417
. 75,830
68, 684
63, 616
165, 563
. 1250
27, 232
1. 532
. 1259
27. 658
.1148
27, 475
.1100
75, 808
.1100
102, 632
.1100
66, 834
. 1098
54, 950
. 1018
53. 446
473
338
143
182
.1000
61. 532
.1000
984
.1103
54, 767
3,859
.1100
51, 609
911
49
r 124
325
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
.8319
51,095
10,112
HEATING APPARATUS, EXCEPT
ELECTRIC
Radiators and con vectors, cast iron:d"
2,634
3,814
2,590
2,621
2,435
1,740
1,821
2 591
3, 345
2 477
3 336
Shipments
thous of sq ft
3 840
4,044
3,422
3, 859
4,625
5,310
4,028
6,745
8,404
9, 085
7, 152
7,909
6 327
Stocks, end of month
do
Oil burners:
1
56 336
53 904
64 173
53 272
49 026
45 345
72 884
79 735
74 416
95 622
100 955
103 652
Shipments
number
67, 262
i 39, 473
46, 781
49, 915
58, 324
78, 784
86, 387
86, 635
81.190
77'. 821
67! 613
73. 130
Stocks, end of month
do
••Revised.
* Preliminary.
1 Revisions for January-July 1952 (number): Shipments—45,415; 38,487; 40,736; 44,945; 52,247; 57,794; 67,077; stocks—76,932; 80,286; 81,608; 78,906; 74,971;
72,512; 61,618.
§Substittited series. Compiled by the U. S. 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.
S-34
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1953
1952
November
J a n u a r y 19.1-
December
January
Febru-
March
April
May
June
July
September
August
October ! Xobve°rm-
METALS AND MANUFACTURES—Continued
IT EATING APPAR ATUScf— Conti n ued
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total
_ ___
number
Coal and wood
do
Gas (in cl bungalow and combination)
do
Kerosene, gasoline, and fuel oil
do
Stoves, domestic heating, shipments, total
do
Coal and wood _.. _ _ . __ .
do _
Gas
do
Kerosene , gasoline , and fuel oil
do
Warm-air furnaces (forced-air and gravity air-flow) ,
shipments total
number
Gas
do
Oil
do
Solid fuel
do
Water heaters, gas, shipments*. ..
do
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:
N> w orders
1 945-47 — 100
Shipments
do
Pumps, steam, power, centrifugal and rotary, new
orders
thous of dol
Tractors (except garden), quarterly:*
Shipments totalO
do
Wheel type (excl. contractors' off -high way)
thous of dol
Trackl'iving
do
206, 210
8,411
188 026
9, 173
121. 278
175, 446
81, 033
90,
45,
35
9,
639
722
383
534
174, O3o
197,
8,
178
9
197,
36,
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 68^
10 726
154. 965
25, 503
78 136
51, 326
64 115
32. 748
27 353
4,014
211, 404
67 543
37, 260
°6 812
3 471
211. 405
70
37,
28
4
18n
1 18
911
706
501
416
401
187. 745
8. 723
170 675
8 347
145, 700
12.061
11,735
115,821
17,218
57, 487
76, 1 52
(50. 568
52, 031
55 368
29, 815
21 66°
3, 891
196. 601
45, 194
64,
33
26
4,
882
896
163
823
181,26'.!
57
31.
22
4
HM.
778
426
101
251
754
205 872
8. 089
187 702
10 081
124, 334
228 60?
8 195
210 048
10. 429
147, 598
33,117
41,857
16 625
19 993
814
755
297
762
S73
179
5
167
7
651
435
070
146
216,485
116 059
72, 809
92 294
49, 314
36 296
6. W4
172,243
171 491
5 796
159 515
6 ISO
297 809
47, 056
153 104
97, 649
396 ?f>8
90
46'
38
5
170
109 172
5t' 01 4
47 210
7 Q4S
159, 730
953
939
318
696
356
203
7
187
9
r
227, 248
9 636
r 209 949
8 363
r
479 103
67 332
- 239 419
172, 352
752
006
515
231
51 811
221 532
122, 895
51, 158
14 8'/3
1°6
59~
56
10
171,
.
181
736
280
165
779
292
7
9Q5
10
942
543
038
361
401 7Sf>
991 (i°l
121.578
1°1
58
"3
9
1^5
531
314
397
800
3S8
40 368
16 959
258. 1
343. 3
301.0
396. 7
303. 0
294.4
446.8
440. 8
633. 3
317.2
202.9
455. 8
1,241
2, 396
1. 634
3, 235
1,655
3, 540
1. 672
3, 996
1. 301
3, 607
1, 796
3,017
1, 799
2, 609
2, 095
2, 550
2, 241
1,983
1.711
5, 454
834
3, 003
1,531
1,868
1,166
1 . 690
205 4
342 5
225 2
355 0
255 8
361 6
289 1
354 5
3^7 0
375 0
276 8
372 7
246 4
356 0
273 4
342. 2
247 3
267 6
286 9
299 6
923 7
398 3
198 7
r 343 4
P 148 3
p 322 2
6, 575
5,752
6, 521
8 255
7, 758
4 629
5, 690
5 533
4 886
4, 130
4 815
192 389
•'78 9°7
285 078
206 541
107,932
182 :M6
84 795
175, 667
93 086
112 025
84 615
75 3-U)
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), ship1 °09
2 004
2 168
1 975
1 571
1 245
1 455
ment^
thousands
1 162
Domestic electrical appliances, sales billed:
106.0
93.
3
80.5
88.3
77
2
74,8
107.6
95.7
Refrigerators, indexf
1947-49=100
255, 886
329, 294
197,506
246. 007
268, 548
252, 404
249, 032
Vacuum cleaners, standard type
number.. 254, 297
295,
393
298,
641
35.",,
972
313,005
294,
960
317,914
282.
453
Washers
do
333, On 1
1 037 864 2 1 498 258 1 093 142 1 192 439 '1 549 903 1 158 936 1 108 991 1 1,1 63, 831
Radio sets production^
do
Television sets (incl. combination), product ion §
2
921, 086
719, 234
730, 597 1 810, 112
481, 936 i 524, 479
number-. 780, 486
567. 878
Insulating materials and related products:
Insulating materials, sales billed, indext
174.4
1947-49=100
174.2
18,9. 1
173. 9
154.8
176. 5
176. 3
190 °
Fiber products:
Laminated fiber products, shipments©
10, 609
10, 299
10, 196
10, 427
11,072
11,322
thous. of doL8, 956
10. 268
Vulcanized fiber:
4,701
4, 673
4, 360
4, 843
4, 452
Consumption of fiber paper
thous. of I b _ _
4, 466
3, 658
4, 198
Shipments of vulcanized products
1,870
1, 882
1, 999
thous. of dol__
1, 463
1, 671
1, 725
1.791
1, 895
Steel conduit (rigid) and fittings, shipments
96 058
23, 188
29 182
24, 605
20, 213
22, 206
25, 780
21. 946
short tons
Motors and generators, quarterly:
186 0
156 8
157 8
New orders indext
1947-49 — 100
Polyphase induction motors, 1-200 hp:f
46,319
36 954
41. 127
X*ew orders
thous. of dol
45 863
30 639
Billings
do
36 541
Direct current motors and generators, 1-200 hp-. ^f
8, 821
7 51 9
8, 807
\V\v (T<
orders
thous of dol
8 858
10 064
10 152
Billin ?
do
r
9
2 528
9 707
87.0
1 59. 446
233 191
674 459
63. 0
188. 536
296 589
991 637
62.0
46 0
227, 253
216, 227
249, 383
340 342
244 144
319 066
1 9 if, 525 1 052 40.3 1 065 785
316,289
603, 760
i 770, 085
680, 433
150. 0
153. 0
153.0
154 0
2 852
r 2 895
176
560, 197
8, 872
8. 505
9 222
9,591
8,879
4, 033
4, 197
4,287
4,287
3, 591
1,645
1,720
1,653
1,716
1, 367
31,497
14, 874
15, 575
17,254
171 0
42 088
41 186
7, 917
9 521
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
2, 365
2, 47
1,987
2,886
3,405 |
3,178
2, 284
Production
thous. of short tons..
Stocks in producers' storage yards, end of month
1, 608
1, ^35
1,611 |
1, 726
1,674
1, 654
1,479 j
thous. of short tons_.
140
465 i
180
91
271
323
220
Exports
.
do
Prices:
26. 97
26. 95
25. 53
Retail, composite9
dol. per short toil-14. 619
16. 013
14. 619
H! 944
16.013
Wholesale, chestnut, f. o. b. car at mine.-do
Bituminous: cf
36,250
39, 445
37, 025
37, 255
38, 800
Production
thous. of short tons..
Industrial consumption and retail deliveries,total
41, 424
31,545 I 32. 491
31, 954
37, 596
34, 368
37, 004
41, 345
thous. of short tons..
35, 771
31,840
30, 051
28,704
33, 428
34, 049
29, 230
29, 289
Industrial consumption, total
do
31, 948
30, 400
T
840
767
656
540
759
792
847
Beehive coke ovens
do
67(5
493
8, 923
8, 583
8,r 934
8,956
8,993
8, 725
9, 035
8, 481
8, 352
Oven-coke plants
do
686
764
664
709
668
692
781
Cement mills
do
686
8,618
10,414
10, 170
9,123 j
8,293
9,287
8, 758
9, 623
Electric-power utilities
do
9, 865
2, 191
2, 560 i
2,833
2, 413
2,334
2,168
3, 031
3, 046
Railways (class I)
do
2. 096
625 '
449
679
559
474 :
454 |
653
698
Steel and rolling mills
do
481
8,422
6,985 !
9,300 i
9,027
7.597
9,500
8,895
7, 164 !
Other industrial
do
8. 427
3, 202 i
2,724
2,841 |
7,996 !
5,756 ,
4,317
5, 056
7,296
Retail deliveries
do
5. 371
2
" Revised.
* Preliminary.
i Represents 5 weeks' production.
Represents 6 weeks' production.
cf Revisions for January-July 1952 for heating apparatus and January-September 1952 for bituminous coal will be shown later.
*New series. Water-heater shipments are compiled by the Gas Appliance Manufacturers' Associafioji I ainning June 1953 and l y the U. S. Department of Commerce, Bureau of the Census,
for earlier months; data represent total shipments of gas water heaters based <n reports from manufacturers epresenting 98 percent ot the total industry; monthly data prior to August 1952 will
be shown biter. Tractor shipments are compiled by the U. S. Department of Commerce, Bureau of the Cens ',s, 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 h
ing 1922 are available upon request; data for the first three quarters of 1952 follow (thous. of dol.): Shipments—total, 277,413; 295,825; 135,715; wheel type, 180,872; 186,916; 79,703; tnicklav n-r, 78,595; 82,618; 44,028.
O Includes contractors' off-highway wheel-type tract >rs.
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, and September 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! nduction motors cover 33 companies, for direct current, 27 companies; earlier data shown cover 34 and 28 companies, respectively
9 Revised to represent weighted average price of anthracite stove based on quotations in 6 cities as follows: Baltimore. Boston. Laconia CN. H.). Madison (Wis.). Middletowa (Conn.),
and New York.
SUKVEY OF CURRENT BUSINESS
January 1954
1953
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
S-35
December
January
February
March
April
May
June
July
August
September
October
November
PETROLEUM, COAL, AND PRODUCTS—Continued
COA 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
Klectric-po wer utilities
Railways (class I)
Stool and rolling mills
Other industrial
Retail dealers
. . ._
do.--do
do
do
do
do
do
_
_.
_. do
Exports
.
do -Prices:
Retail composite f
dol per short ton
Wholesale:
Mine run, f. o. b. car at mine
do.
Prepared sizes, f o b . car at mine
do
COKE
Production:
Beehive
thous. of short tons. _
O von (byproduct)
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants total
do
At furnace plants
-do ...
At merchant plants
do
Petroleum coke
.
do .
Exports
- -. .. _
do
Price, beehive, Connollsville (furnace)
dol. per short ton..
76
38
11
9
9
73
79
73
72
73
66
75, 970
76, 745
73, 346
71,385
70, 235
70, 531
72, 912
76, 026
74, 752
77, 997
81, 005
' 82, 719
82, 381
74, 212
13, 637
1, 607
36, 195
2,897
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
2,576
918
17, 474
76, 387
14, 698
1,341
38, 758
2,533
919
18, 138
79, 372
15 910
1 454
39, 713
2 639
956
18 700
r
81, 009
16 609
1 505
40, 468
2 605
1 028
18 794
80, 642
16 720
1 541
40, 487
2 562
1 008
18 324
1,739
1, 085
18, 791
66
r
1,758
1, 709
1, 489
1, 275
1, 048
1,058
1,252
1,551
1,599
1,610
1 633
1,710
2,981
2, 330
2, 207
1,584
1, 575
3, 150
3, 437
3,516
3,441
3,830
3 317
3,267
15 03
15 03
15 04
14 95
14 75
14 71
14 81
14 84
14 99
6. 028
7.020
6. 032
7.064
5. 931
7 076
5. 923
7 058
5. 857
6 853
5. 831
6 446
5.810
6 428
5.796
6 491
5.796
6 572
5. 698
6.665
5 698
6 721
345
5,987
311
432
6,291
329
477
6,284
337
456
5, 681
324
537
6,299
334
508
6, 032
341
538
6,282
370
497
6,127
350
410
6,340
374
414
6,311
384
2,445
1,920
524
96
62
2 177
1, 736
441
103
54
2 075
1 672
402
111
51
1 995
1 641
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 2°1
1 529
692
141
39
14. 75
14. 75
14. 75
14. 75
14. 75
14.75
14.75
14. 75
1, 690
205 645
97
215, 504
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
271,928
66, 275
187, 852
17,801
272 250
65, 902
188 480
17, 868
273 589
66, 451
189 163
17, 975
275 665
69, 077
188 897
17, 691
280, 487
71,181
191 494
17,812
2 960
20, 141
2. 570
2 211
18' 507
2. 570
2 Oil
16 292
2. 570
2 171
20 221
2. 570
2 833
18,516
2. 570
15 07
r
5. 724
6 811
v 5. 719
v 6 811
373
6, 033
377
r
373
6,181
364
315
5,894
2,376
1,598
778
154
48
2 475
l' 694
850
r
156
39
2 513
1,630
883
121
40
2 658
1 698
959
14. 75
14. 75
14.75
14. 75
14.75
1, 973
197 837
94
212, 433
2, 468
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
280 308
71,011
191 556
17, 741
283, 715
73, 527
191 879
18, 309
284 976
74, 269
192 450
18, 257
285, 352
73, 982
192 366
19, 004
289
73
197
18
614
991
175
448
287 541
72' 959
195 972
18 610
1 611
20 729
2. 570
1 824
21 559
2.820
1 232
19 175
2. 820
1 321
19, 125
2.820
1 109
21 876
2. 820
1 178
19 190
2.820
44, 539
37 894
43, 433
36 098
45, 331
36 716
26 435
41, 362
34 597
42 697
34 379
44 349
6, 552
1 811
6,531
6 155
1 671
6 746
119 542
50 007
126 709
50 516
135 409
50 820
1 460
1 728
1 985
1 659
2 386
2 176
.093
1.100
. 093
1.100
r
r
PETROLEUM AND PRODUCTS
Crude petroleum:
1.773
Wells completed
number.
194, 611
Production
thous. of bbl
98
Refinery operations
percent of capacity _
Consumption (runs to stills)
thous. of bbl. . 211,456
Stocks, end of month:
267, 852
Gasoline-bearing in U. S., total
do
63, 777
At refineries
do
185, 625
At tank farms and in pipelines
do
18, 450
On leases
- _. .. do
Exports
do
Imports
do
Price (Oklahoma-Kansas) at wells. - -dol. per bbL _
1,805
16, 823
2. 570
Refined petroleum products:
Fuel oil:
Production:
46, 768
45, 310
47, 379
42, 730
Distillate fuel oil
thous. of bbl..
43, 860
42, 153
46, 157
43, 393
44, 682
38. 984
40 351
38 931
37 151
35 704
36 572
Residual fuel oil
do
40 515
37 120
37 942
Domestic demand:
47, 176
38 533
50 773
28 574
60 535
30 389
63 778
52 552
Distillate fuel oil
do
25 140
48, 304
60, 109
Residual fuel oil
- - _.
do
48, 531
52, 769
47, 192
44, 729
43, 045
57, 557
41 330
Consumption by type of consumer:
7,772
7,152
7,702
6,809
8, 083
8,598
6, 116
6, 087
Electric-power plants. do
6, 347
9
2,622
2 055
1 884
2,516
1 831
1, 757
Railways (class 1)
do
1 938
1, 735
008
6, 354
6,782
Vessels (hunker oil)
- .
do. ..
5, 924
6, 774
7, 075
7,403
7,090
(3, 747
6,720
Stocks, end of month:
1
116,096
61, 349
99, 582
84, 504
80, 655
59, 802
73, 706
Distillate fuel oil
do
67, 167
102, 394
53, 069
39 572
43 801
45 910
44 178
41 600
41 795
48, 700
Residual fuel oil
do
47 966
Exports:
2, 949
2 715
2 135
3 673
2 546
Distillate fuel oil
do
3 091
2 942
2 592
2 143
1,271
1,292
Residual fuel oil . ... ...
do
1,724
1,972
1,591
1, 646
1,367
1, 339
1 , 400
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
.098
dol. per gaL_
.098
.098
. 093
.098
.098
.098
.093
.093
. 900
.900
. 950
.850
.850
.850
.900
Residual (Okla., No. 6 fuel)
dol. per bbl. .
.850
1.050
Kerosene:
11,792
13 061
13 434
11 135
9 795
Production
thous. of bbl
10 825
10 132
11 313
9 945
12, 455
8, 256
17,066
12, 092
17, 829
Domestic demand
_. _
do
5, 603
13. 884
5 982
5,467
1
32, 199
24 307
23 487
18 697
20 335
27 659
26 842
Slocks end of month
do
20 468
31 143
358
Exports
do
372
429
728
857
500
904
404
Price, wholesale, bulk lots (New York Harbor)
.108
. 108
dol. per gaL _
.108
.103
. 108
. 103
. 103
. 108
. 108
Lubricants:
4,507
4, 416
4, 321
4, 572
Production
.
thous. of bbl
4,271
4, 210
3, 596
4, 293
4 321
2, 800
2 993
3 229
3 625
2 931
Domestic demand
do
3 032
3 444
3 470
3 905
10, 561
11,021
Stocks, refinery, end of month _
do _
11, 134
10, 873
11 250
11, 224
10 611
10, 801
9 879
938
1,012
908
919
890
628
Exports
--- - --do ...
1,127
1,020
1 105
Price, wholesale, bright stock (midcontinent,
.250
.220
.210
.205
.205
f. o. b. Tulsa)
dol. per eal..
.195
.225
.220
.210
1
'Revised.
* Preliminary.
New basis. Comparable data for December 1952 (thousand barrels): Distillate fuel, 98,895; kerosene, 27,529.
f Revised series. Data represent weighted averages based on quotations in 26 cities for all sizes of bituminous coaJ.
9 940
4 945
35 711
384
9 897
7 802
37 280
439
.103
.103
4 627
3 646
9 684
1 084
4 562
3 563
9 700
924
.205
.205
6 778 •
1 745
6 258
r
.098
1.200
p 2. 820
6 908
p. 101
» I. 349
11 007
9 725
38 161
395
.108
4
3
9
1
P. Ill
647
38 4
726
190
.205
p. 205
SURVEY OF CURRENT BUSINESS
S-36
1952
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
January
1953
December
January
February
March
April
May
June
July
August
September
October i *°™»-
PETROLEUM, COAL, AND PRODUCTS—Continued
1
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products — Continued
Motor fuel:
Gasoline (including aviation):
104,772
Production, total§
_
thous. o f b b l
Gasoline and naphtha from crude oil§
92, 720
thous of bbl
9 317
Natural gasoline used at refineries
do
2, 735
Natural gasoline sold to jobbers§_ . do. ._
91, 326
Domestic demand
_.
_
do
Stocks, end of month:
121, 645
Finished gasoline
do
63. 809
At refineries
do
7,864
Unfinished gasoline -do- .8, 584
Natural gasoline and allied products do
3,447
Exports
.
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
.104
dol. per gal-_
.129
Wliolesale, regular grade (N. Y.)
- do - .201
Retail, service stations, 50 cities
do
Aviation gasoline:
7,342
Production total
thous of bbl
5, 973
100-octane and above
do
8, 594
Stocks total
- ----do
4,611
1 00-octane and above
do
Asphalt :O
5, 493
Production
do
5,007
Stocks, refinerv, end of month.
do
Wax:
106. 680
Production
thous o f l b
156,520
Stocks, refinery, end of month
do
Asphalt products, shipments:
4,241
Asphalt roofing, total- _ :
thous. of squares - Roll roofing and cap sheet:
943
Smooth-surfaced
do
1,033
Mineral -surfaced
- -do
2 265
Shingles all types
do
170
Asphalt sidings
do- -52, 472
Saturated felts
short tons
107, 581
107, 413
96, 796
105,897
101, 389
107, 243
106, 943
114,123
114, 321
107, 729
109. 061
95, 097
9 451
3,033
95,817
95, 609
9 292
2, 512
89, 634
86. 221
8 378
2.197
86, 458
93. 963
8 930
3, 004
98,158
90, 359
8 088
2,942
102. 044
96, 091
8 255
2,897
105,918
95, 051
8 948
2,944
114,703
101,563
9 511
3, 049
112, 960
101, 833
9 502
2,986
109, 124
95, 644
9,991
2,094
106, 158
96 166
10 380
2, 515
106, 037
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. 51 3
9, 41 6
8. 268
2, 513
148 924
84, 695
9, 108
8,849
3,239
147, 371
82, 322
9,044
10, 359
2, 185
137, 863
78. 429
8,333
11,054
2,018
135, 724
75, 545
8,192
11,253
2,742
137,972
77, 262
8,078
11, 959
2,509
136, 192
76, 698
7,992
12, 636
2,647
136 39S
74, 930
8,097
13 193
2.018 ...
.104
.129
.203
.104
.129
.203
.104
.129
.206
.104
.129
.208
.104
.129
.206
.104
.129
.206
.104
.129
.221
.114
.142
222
.114
.142
.220
.114
.142
.220
.114
.142
.218
7 476
6, 050
9, 283
4,851
6, 967
5, 992
9,673
5,241
6 597
5 815
9. 425
4 887
7 341
5,942
9,882
5 168
7 263
6, 065
9,601
4,910
7 907
6, 748
9,828
5, 348
7 811
6. 830
9.163
4,900
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
4, 118
6,321
3,890
7, 525
3.921
8,687
4,689
9,732
5, 330
10,473
6,451
10, 834
7,680
9,586
8, 243
8,429
8,366
7,094
7, 689
5.709
7 081
5,541
113,400
161,000
105, 840
1 60, 440
99, 680
150, 360
121 800
148, 400
118, 720
140, 840
1 22, 920
142, 800
123, 480
141,680
111 440
140,840
111 160
146, 720
117 600
142, 800
122 080
148, 400
2,918
3,111
2,966
3, 800
5,161
5,390
5,192
5, 505
6,327
5, 855
5,726
4.042
670
773
1,475
123
40, 598
721
767
1 623
131
46, 292
669
695
1 602
114
43, 423
817
886
2 097
105
50, 646
1,062
1,078
3,022
120
64, 339
1.029
1,197
3 164
109
62, 520
1 018
1,108
3 066
98
57, 264
1 210
1, 147
3 148
119
59, 738
1 413
1 346
3 568
144
71 876
1 265
1 338
3 252
154
63 185
1 246
1 359
3 121
182
67 390
898
995
9 ]ig
135
55 098
p . 114
r> . 142
.221
1
PULP, PAPER, AND PRINTING
i
PULPWOOD AND WASTE PAPER
Pulpwood:
2, 150
Receipts
thous. of cords (128 cu. ft.) - .
2,224
Consumption
_
-do
5, 843
Stocks end of month
do
Waste paper:
685,
279
Receipts
short tons_704, 127
Consumption
_
do_492, 249
Stocks end of month
_
do-
2,247
2,131
5,929
2,432
2, 367
6,006
2,283
2, 1 48
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, 1 76
5 205
2.697
2, 470
5 433
2,494
2,306
5 628
2,541
2, 549
5 618
696, 981
666, 765
521, 737
687, 220
708, 058
509, 058
647, 080
682, 469
476, 575
742, 150
741,071
474, 106
762,156
750, 702
484, 184
723, 385
732, 924
473, 084
718, 942
734, 350
456, 525
656. 745
633. 320
480, 559
705, 640
743, 467
441 216
732, 704
748, 809
424, 945
772, 649
754 269
442 913
59, 762
739, 059
190 129
35, 173
*• 187 074
91, 463
1,346
49, 548
700, 304
186, 072
36, 004
195 395
89, 521
1,483
58, 871
784, 840
205, 504
36, 875
210,319
93, 629
1, 356
49, 214
71 5, 468
186. 191
34, 782
192 325
88, 308
1,512
56, 401
810, 905
203. 364
37 084
206 012
89, 186
1,467
51, 686
783, 586
200, 232
33, 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 3? 5
190 159
97, 351
1,546
68, 163
844, 347
192 556
37 544
205* 005
92 031
1 434
64, 270
775 C930
183 00
35 531
186 093
89 092
1 573
51, 716
868 864
204 710
38 485
202 922
96 853
154, 700
43 809
32, 513
2, 641
22, 394
154, 327
47, 1 59
29,111
2,403
25, 115
164, 777
46, 920
35,175
1,861
28, 094
158, 036
39 166
32, 592
1,936
31, 683
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
38, 319
1 582
32 5^5
163 100
42 459
37, 636
1 874
31 204
153 880
40 615
28, 206
2 677
27 555
r 145 601
43 100
28, 028
3 208
25 849
11, 712
200, 853
23, 787
73 992
72, 840
2,298
27, 107
12,031
223, 596
20, 672
85 810
91,096
2, 623
22, 731
1 3, 489
191,287
19, 387
81 119
66, 1 25
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
175,608
21, 523
71 088
62, 430
3, 030
16, 694
8,672
191, 660
20, 354
83 397
61 , 564
2,429
23, 462
11, 885
198, 103
23, 614
84 371
61 293
2,604
25, 572
13, 285
164, 819
23, 848
64 004
52 050
2,499
21 853
9 236
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
2,281
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
2,409
1,158
1 135
116
WOOD PULP
Production:
Total all grades
thous. of short tons
Dissolving and special alpha
short tons. .
Sulphate (paper grades)
._
. do
Sulphite (paper °rades)
do
Soda
do
Groundwood
do
Defibrated exploded, etc
-_ _
do
Stocks, own pulp at pulp mills, end of month:
Total all grades
short tons
Sulphate (paper grades)
do
Sulphite (paper grades)
do
Soda
-do
GroundwTood
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-
* 1, 391
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
2,104
2,023
2, 205
2,066
thous. of short tons_992
1, 053
977
987
Paper (incl. building paper)
do
936
1,032
967
997
Paperboard
-- -- - -- -- do
112
109
119
115
Building board ..
do_- r
Revised.
* Preliminary.
§Comparable data for January-July 1952 are available upon request.
©Prior to the October 1953 SURVEY, data were shown in short tons (5.5 bbl. per ton).
1
63,
830
192
35
194
95
513
116
754
178
442
442
776
156 582
43' 766
29, 440
3 298
25 980
SURVEY OF CURRENT BUSINESS
January 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
November
S-37
1953
December
January
February
March
April
May
June
July
August
September
October
' 871, 848
910 040
853, 536
848. 200
487, 000
902, 000
890 820
923, 000
921,000
488, 860
r
110,000
43, 000
119,000
119,000
117,000
November
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association):
Orders, new
short tons
759, 399
765 444
798 316
800, 447
420 669
824, 431
793 397
800 190
796, 778
424 307
Production
do
Shipments
do
Stocks end of month
do
Fine paper:
92 205
92 300
Orders new
do
37, 023
38, 408
Orders unfilled end of month
do
95 799
98
393
Production
do
93 590
96, 903
Shipments
do
103,
897
106, 106
Stocks end of month
do
Printing paper:
315 082
248, 823
Orders new
do
486, 018
458, 860
Orders, unfilled, end of month
do
284 647
277,
372
Production
do
276, 152
287, 924
Shipments
do
14] 271
144
548
Stocks end of month
do
Price, wholesale, book paper, "A" grade, Eng13.55
13.55
lish finish, white, f. o. b. mill..dol. per 100 lb__
Coarse paper:
259, 890
263, 053
Orders new
short tons
175 106
173, 218
Orders unfilled end of month
do
267, 705
259, 194
Production
do
274 385
258 302
Shipments
do
119, 232
120, 260
Stocks end of month
do
Newsprint:
Canada (incl. Newfoundland):
463. 435
463, 377
Production
do
498. 987
463, 064
Shipments from mills
_ do
122, 199
122, 512
Stocks at mills, end of month
do
United States:
416, 974
386, 627
Consumption by publishers
. _ _ _ do
86, 659
89, 842
Production
do
90, 429
83, 007
Shipments from mills
__
_ . . . _ . doStocks, end of month:
8.074
11 726
At mills
do
527, 525
530, 651
At publishers
do
81 258
97, 206
In transit to publishers
do
452, 263
410, 430
Imports
- -- do
Price, rolls, contract, delivered to principal
125. 25
ports
dol. per short ton. . 125. 25
Vaperboard (National Paperboard Association) :
Orders, new
_ .. .short tons 1, 020, 500 1, 077, 600
457, 400
478, 400
Orders unfilled, end of month
do
1, 004, 900 1,029,100
Production, total
_
do
96
85
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
6,828
6,771
shipments
mil sq ft surf ace area
Folding paper boxes, value:
147.4
146.8
New orders
1947-49 = 100
147.4
141.6
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
8 '37 262
872 696
873 123
456 255
857, 394
841 175
852' 103
853 480
490 105
852, 229 r 861, 210
898 245 r 886 394
785 661 r 868 688
867, 756
795, 157
480 613 «• 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
111 120
49, 915
111 896
109 255
111, 740
103 939
44 030
112 343
109 820
114, 265
106
44
108
106
116
914
180
556
764
057
110 098
60, 575
91 846
93 699
114,204
305 091
491, 465
305 873
299, 644
147 500
285, 911
495, 190
282 239
281, 305
148 463
339, 405
528, 013
307 094
306, 583
148 974
294 237
518, 375
305 703
303 514
151 165
297 385
515,610
302 870
300, 510
153 525
308
524
298
299
151
394
410
215
593
800
310 681 r 280 988
552, 480 r 527, 024
308 446
280 905
282 611 r 301, 142
157 512
150 094
r 104 843
r 57, 398
108 168
r
108 020
r 114, 352
r
r
r
r
100, 159
* 52, 020
108, 240
105, 535
r 117, 057
r
r
* 314, 921
314, 000
* 549, 458
545, 450
' 294, 681 324,000
318,000
*r 292, 487
159 705
165 700
P13.80
13.55
13.55
13.55
13.55
13.55
13.72
13.80
13.80
291, 690
180 285
289, 853
286 510
123, 600
264, 708
178 315
266, 787
266 678
123, 705
296, 149
182, 329
293, 058
292, 135
124, 628
278, 359
173 820
287, 262
286 865
125, 025
290, 418
168 430
292. 593
295 808
121,810
272 040
164 575
279' 036
275 893
124 950
270 964
308 039
178 095 r 198 355
256, 249
286 756
287 776
257 445
123 757 f 122 735
288, 155
f 205 682
r
283,
163
r
280 828
r
125, 070
301,000
200 500
303, 000
306 000
122 000
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
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
11, 607
556, 022
89 767
391,816
11, 291
555, 508
93 225
377, 700
8,697
518, 985
85 618
422, 878
7 887
515, 063
91 272
436, 024
9,124
483, 059
69 684
405, 424
10 211
484, 762
76 270
428 210
7 577
514,320
81 719
404 365
6 106
539, 622
91 010
436 879
6 248
548, 537
77 414
402 053
7 072
514, 419
80 803
437 867
8,610
484, 899
37 468
125. 25
125. 25
125. 25
125. 25
125. 25
125. 75
125. 75
125. 75
125. 75
p 125. 75
125. 25
971, 800
455, 100
985, 500
91
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
96
95
95
93
13.80
13.80
T
973 300 1 105,200 1,139,300 1 078,600 1,021,400
374, 400
467 400
590 800
423 700
522 500
939 700 1 122 400 1,069 600 1, 170 700 1, 051, 000
94
94
97
98
81
6,363
6,398
7,292
7, 059
6,806
7 012
6 459
7 041
7 198
7 457
6 661
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
814
629
185
1,031
811
220
1,031
805
226
852
701
151
1,359
1,069
290
993
815
178
736
568
168
1 014
'soo
214
844
738
106
1 323
1 132
191
1 079
867
212
48, 224
112 959
61,423
43 929
118 825
54, 661
43, 732
119 332
44, 156
45 225
121 618
58, 625
46 744
114 191
46, 729
43 167
112 397
PRINTING
Book publication, total
New books
__
New editions
-
number of editions
__
do
do
1,263
1, 034
229
893
709
184
RUBBER AND RUBBER PRODUCTS
RUBBER
N-Uunil rubber:
Consumption
_
long tons .
Stocks end of month
do
Imports, including latex and guayule do
Price, wholesale, smoked sheets (New York)
dol. per l b _ _
Chemical (synthetic) :
Production
long tons
Consumption
do
Stocks, end of month
_
_
do_. .
Exports
do
Reclaimed rubber:
Production
do
Consumption
_ _ - __
do
Stocks end of month
_
do
41, 749
86, 243
48, 776
44, 790
95, 260
78, 090
47, 766
97, 730
63, 921
45, 231
94, 151
48, 455
50, 707
98, 627
56, 785
49, 375
108, 892
60, 578
46, 889
113, 532
56, 126
r
r
.290
.300
.295
.272
.260
.244
.250
.245
.239
.234
60,540
66, 240
123, 745
1,148
65, 740
71, 635
118, 987
1,323
69, 482
72, 810
117, 875
1,487
66, 970
68, 888
114, 099
1,264
81,408
77, 903
116,089
1,713
82, 952
77, 221
122, 041
1,500
85, 302
72, 234
132, 109
2,299
80, 227
71 751
143, 789
1 781
79 360
61 299
159, 486
1 923
68 299
59 241
169, 152
1 996
22, 684
22, 896
30, 176
25 606
24, 300
30, 664
26, 784
25, 356
31, 244
24, 373
24, 098
30, 631
27 699
27, 334
30, 280
28 714
26, 483
31, 263
26 839
25, 213
31, 763
26 315
24, 637
32 791
23 001
23 414
31 506
22 532
22, 666
30 318
7,361
5,820
2,665
3,069
86
12, 272
85
7 920
6,214
2,916
3 161
137
14, 110
95
8 238
7,882
3 004
4 794
84
14, 118
86
8 236
7,243
3,263
3 895
85
15, 295
121
9 407
8,256
3,570
4 598
87
16, 456
96
9 262
8 913
3,798
5 001
115
16,872
112
8 987
8 942
3,200
5 604
139
16, 973
135
8 572
9 279
3 537
5 601
142
16, 259
137
8 173
9 555
3 616
5 793
'l46
14 883
137
7 416
8 798
3 130
5 523
^ 145
19; 550
142
148
424
837
438
149
13, 287
158
664
673
155
246
172
13,446
137
566
085
221
729
135
14 851
5,115
4, 573
10, 910
60
5,642
4 863
12, 036
48
6,130
7 538
10, 169
46
6,428
6 364
10, 308
49
7,470
6 555
11, 242
69
7, 544
6 760
12, 155
80
6,940
6 586
12, 592
80
7,035
6 907
12 811
59
6 395
7 302
12 097
65
5 679
6 529
10 226
57
5 656
5 720
11 288
99
5 752
5 960
10 904
75
4 738
4 006
11 607
.235
.200
p.206
677
652
625
244
57 170
r 58 515
r
166, 724
1 712
57 221
52 518
166, 514
r 23 534
21 944
30 692
21 172
19' 624
31 700
60
58
167
2
23 360
22 409
30 147
r
r
TIRES AND TUBES
Pneumatic casings:
*
Production
thousands
Shipments, total
__
do
Original equipment
do _
Replacement equipment
do
Export
do
Stocks, end of month - ._ _ _ _ do_Exports
do
Inner tubes:
Production
do_
Shipments
do
Stocks, end of month
_._
_ - . _ _ . do
Exports
do-_.
1
Revised.
» Preliminary.
7
7
2
4
7
7
3
4
6
5
2
2
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
January
1953
1952
November
December
January
February
March
April
June
May
July
August
September
October
November
186, 236
202. 356
167, 782
23, 795
109
27, 433
12 859
4, 943
24, 738
103
27, 556
10, 041
4,055
531, 172
533, 562
538, 051
548, 073
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments-reams. -
176.845
164,085
168,910
184, 754
193, 830
206, 348
178,323
183, 075
172,177
160, 350
22, 048
95
19, 771
8, 823
4.329
20, 881
87
13, 740
15, 957
5, 280
18, 855
79
1 3, 520
21 294
7, 445
1 7, 325
80
14.155
24 464
8,899
20,215
84
90 813
23, 865
9, 706
21, 802
94
20, 891
24 773
9, 556
23, 399
97
2^ Q^4
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
444, 660
388, 269
391,241
353, 088
377 166
375, 051
447, 707
^39. 031
485, 905
495,613
499 936
496, 994
PORTLAND CEMENT
Production
Percent of capacity
Shipments _ _
Stocks, finished end of month
Stocks, clinker, end of month
thous.ofbbl
thous o f b b l
do
do
T
r
T
r
r
r
CLAY PRODUCTS
Brick, unglazed:
Production^
thous of standard brick
Shipments}:
_. _
do
Price, wholesale, common, composite, f. o. b.
plant
.- __ _
dol. per thous
Clay sewer pipe, vitrified :t
Production . _ . _ . _ _ _ _ _ _ _ short tons
Shipments
_
do
Structural tile, unglazed :t
Production
do
Shipments
do
479, 951
448.312
533 073
544 733
521, 922
540, 237
526, 678
517, 921
27. 409
27. 409
27. 409
27.410
27. 577
27. 789
27. 791
27. 839
27. 957
27. 957
28. 100
28. 100
130,372
1 20, 650
135, 639
98, 40^
113,227
94, 920
124. 673
106. 651
1 43. 1 56
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
71, 635
70. 638
77 123
63, 923
81 541
63, 050
73 Q7fi
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
89 428
75, 654
85, 245
81,884
8, 837
8, 253
8, 250
7, 889
9, 293
8] 602
9. 000
8. 51 0
1 0, 680
12,170
10,291
9 ?49
1 1 , 002
10, 504
10,861
10 225
10.586
9 853
11,489
10, 646
10,214
10 572
11,088
10, 229
p 28. 147
GLASS PRODUCTS
Glass containers:
Production
thous. of gross,.
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars) _ -thous. of gross . _
Beverage (returnable and nonreturnable)
thoUS. Of glTSS--
Bcer bottles
do
Liquor and wine
_ _ do-_
Medicinal and toilet do
Chemical, household and industrial-- _ do
Dairv products
do
Stocks, end of month
do
Other glassware, machine-made:
Tumblers:
Production
thous. of dozens
Shipments
do
Stocks
-_ - do
Table, kitchen, and hotiseholdware, shipments
thous of dozens
9.622
8, 850
722
653
862
825
1 293
1 006
1 284
993
824
1 090
1 649
1 032
736
2,200
2, 3 09
2, 485
2,403
3, 266
2, 308
2,909
2,839
2,765
3, 392
2,984
3,010
2, 575
312
484
714
961
1.927
385
497
572
929
2, 270
804
212
10, 677
828
883
1.418
3, 071
1 . 1 02
308
8,970
1 , 033
907
906
1 869
925
229
9,741
1,149
1, 111
1,040
1 , 984
816
21 0
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
2,012
697
266
11,388
530
1,387
2, 096
712
264
10.106
28.")
10,167
911
2. 356
808
?60
10, 427
5, 191
4, 693
8 431
4, 960
4 428
8, 91 1
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
3, 666
3, 295
3, 652
3, 656
3, 667
3, 549
3 533
2, 741
2 739
3 252
3,793
3, 725
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Import^
thous of short tons
Production
do
Cabined production quarterlv total
do
Gypsum products sold or used, quarterly total:
UP calcined
short ton^
Calcined:
For building uses:
Base-coat plasters
do
IsTcene's cement
do
\11 other building plasters
do
Lath
thous. of so. f t _ _
Tilo
do
Wall board cf
do
Industrial planters
^hort ^ons
r
71 6
2 033
1, 723
444
1, 863
1, 718
822
1 887
1, 798
610 738
608, 51 6
566 785
601 383
424
12,
161
570,
411,877
12,963
1 68, 692
579, 491
4, 730
926 2°9
66, 339
432 369
13 401
196 988
593, 756
7, 181
942 793
66 893
473
12,
231
660,
7,
873
59
371
125
130
922
935, 541
65 195
i
1, 190
2 108
1, 867
536
081
835
025
301
013
866
TEXTILE PRODUCTS
CLOTHING
Hosiery, shipments
thous. of dozen pairs. .
Men's apparel, cuttings:* \
Tailored garments:
Suits
thous. ol 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__
15,118
12, 949
13, 555
13, 724
14. 356
12, 862
11, 192
12, 328
11.904
14, 085
1, 671
455
3, 697
1, 740
408
3, 850
i 2,118
1 398
1
4, 920
1, 984
338
4,713
2, 037
350
5. 087
i 2, 220
1
521
1
5,662
1 , 844
559
4, 897
1. 773
614
4, 398
i 1.2S5
i 456
i 3, 370
1,713
652
3, 829
1,574
1,617
1
1,869
1, 942
1
1, 783
1,655
1
1, 493
1, 462
1, 590
398
428
390
425
»357
412
419
411
394
393
367
395
357
341
6 987
56', 354
3 782
3,133
1,986
1449
U54
394
419
440
450
7 314
65, 028
5, 439
3, 537
2, 274
1
496
1506
3 460
70, 825
2 478
2,737
1
15,049
14. 929
r
1,511
562
3, 725
r
i 1, 884
r
' 576
4, 484
r !
1
1, 805
1
1
414
435
13, 569
SURVEY OF CURRENT BUSINESS
January 1954
1952
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
November
S-39
1953
December
January
February
March
April
May
July
June
August
Se
P'«m-
October
5,547
10, 788
N
°™m-
TEXTILE PRODUCTS— Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginnings§
thous. of running bales. _
13, 420
Crop estimate, equivalent 500-lb. bales
thous. of bales
Consumption.^
bales r 754, 987
Stocks in the United States, end of month, r
13, 485
totals
_ thous of bales
13, 435
Domestic cotton total
do
4, 555
On farms and in transit _
do
r 7, 440
Public* storage and compresses
do
Consuming establishments
do__ _
r 1, 440
Foreign cotton total
do
' 50
Exports
bales.. 337, 208
Imports
do
12 362
Prices (farm), American upland
cents per lb._
34.1
Prices, wholesale, middling, ^ie", average, 10
markets
cents per Ib
34.8
Cotton linters:f
Consumption
_ __
thous. of bales
109
233
Production
do
'852
Stocks, end of month __
_
do ..
r
14, 715
14, 046
1,166
349
i 14,952
893, 806
765, 778
15 137
772, 1 76
12, 355
12, 299
2,949
7,779
1, 571
55
465, 966
33, 268
31.7
11, 199
11, 125
1,988
7,442
1, 695
74
291, 829
25, 322
29.8
10, 203
10, 125
1,401
6. 906
1,819
78
259, 475
27, 055
30.2
33.1
32.5
114
?11
901
67, 119
3, 522
697, 984
4
4
15, 151
4
4
16, 437
68., 990
739, 050
725, 849
702, 425
6,181
6,084
470
4, 005
1,609
97
220, 226
11,430
31.5
5, 502
5,409
259
3,706
1,444
93
114,632
8,375
31.9
19, 289
19, 204
14, 329
3,682
1,193
84
193, 304
9,130
32.8
18, 837
18,757
11,687
5,815
1, 254
80
199, 809
20,209
33.1
18, 251
18, 168
7, 338
9,368
1,462
83
217, 307
7,776
32.5
17. 715
17, 670
4,939
11, 186
1, 545
75
33.4
33.2
33.4
33.0
32.8
32.7
32.7
128
119
1, 126
131
83
1,063
123
66
1, 050
103
49
987
121
60
986
122
172
1,081
124
247
1,177
2 612
48, 672
6, 295
55, 304
6, 887
62, 247
6,311
57, 382
4,924
47, 359
4,399
45. 368
4,594
2,414
54, 903
6, 267
47, 444
4, 651
33. 92
40.7
19.3
17.0
32. 52
38. 8
18. P
17.0
32.01
38.8
18.4
16.9
31.98
38.8
18.4
17.3
32.82
38.2
18.5
18.0
32 56
38.2
18.3
18.0
32.97
38. 2
18. 3
18.0
32. 74
. 702
1.018
.692
1.014
. 690
1. 002
.679
.995
. 670
. 978
. 660
8 . 972
. 655
s . 964
21. 259
1 9. 926
12,353
21, 201
19, 824
9. 938
497
9, 330
136. 1
21,344
20, 007
10,126
405
4
9, 484
4
110. 9
21, 391
20, 063
9. 857
136/7
21, 377
20,013
10, 133
507
9, 489
138.6
9. 279
134. 8
21,322
20. 039
9, 582
491
9. 044
133. 9
80.8
21.9
78.3
24.1
81.5
26.6
80. 3
27.0
78.8
26. 7
72.0
23. 8
63. 6
23.1
62. 9
16. 4
6, 260
61.1
17.2
10, 892
60. 2
22.9
11,351
57. 9
26.1
6,069
56. 8
30.1
7,241
59. 6
32.8
7, 557
65. 1
37. 0
5, 592
3'/355
.780
.366
.780
. 366
.780
. 336
.780
.336
.780
.336
. 780
. 336
. 780
. 336
905, 071
747, 789
741,929
9,201
9,117
'858
6, 366
1,892
84
246, 467
12, 495
31.5
8,119
8,025
719
5, 491
1,817
94
208, 208
33, 122
31.5
7,129
7. 031
621
4, 691
1,719
97
260, 905
15, 938
31.7
32.9
33.2
33.0
Mil
2;)7
1, 047
110
174
1,079
137
152
1, 097
2 531
58. 627
7. 634
54, 833
3,647
51, 908
2, 779
33. 05
40.7
18.3
17.8
34. 12
40. 7
18.5
17.3
34. 40
40.7
18.3
17.1
.745
1. 075
.728
1.047
. 709
1,018
21,583
20, 180
9, 870
506
9 ?J9
137. 0
21,632
20, 290
9, 183
483
8 637
130. 9
21,680
20,314
12, 282
501
4
1 1 59 1
4
135. 7
21,622
20, 277
10, 179
518
140.2
o '"-13
139. 5
73.6
26.8
71. 2
25.1
77. 0
24.1
71.0
18.4
59. 1
15.9
3, 687
64.4
17.4
3, 691
64. 0
18.8
5, 513
.780
.366
4
2
3
1
4
4
4
4
872, 128
4
4
31.8
111
240
1, 297
COTTON MANUFACTURES
Cotton cloth:
• Cotton broad-woven goods over 12 inches in width,
production, quarterly cf
mil of linear yards
Exports
thous. of sq. y d _ _
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 yarn natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded, weaving
dol. p e r l b . _
36/2 combed, knitting
__ . do....
Spindle activity (cotton system spindles) :f
Active spindles, last working day, total. __thous__
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, totaLmil. of hr._
Average per working dav
do
Consuming 100 percent cotton
do
Operations as percent of capacity
4
21 , 575
20. 221
10 251
r 2 610
4
501
4
.675
.984
6
5
4
31.44
17.5
' 17.8
29. 59
P 36. 9
P 16. 5
P 17.5
.643
5. 955
P . 636
P 5 , 940
21,244
21, 252
19, 990
9, 132
•'•74
S,J19
r 36. 9
17. 9
18.0
r
19, 953
11, 853
479
4
11, 192
4
130. 6
4
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 yarn
do
Staple (incl. tow)
__
- do
Imports
thous. of lb_.
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point
dol per Ib
Staple viscose IJ-i denier
do
Tin yon and acetate broad-woven goods, production,
quarterly cf
thous. of linear yards. _
SILK
Silk, raw:
Imports
_
_
_ _ _ _ _ thous. o f Ib.
Price, wholesale, white, Japanese, 20/22 denier,
87% (A A), f. o. b. warehouse
dol. per l b _ _
.780
. 400
. 780
. 366
516, 323
. 780
. 366
510, 371
72. 1
r
' 51 3,307
2(>. 4
63.3
26.3
'• 74. 3
34. 0
2, 006
71. 6
30. 0
r 65. 4
r
.780
. 336
p . 336
473, 766
716
1,032
901
585
640
573
666
593
698
812
643
695
5. 43
5. 45
5. 55
5. 56
5. 53
5.05
5.12
5.21
5.21
5. 20
5. 18
5.23
"5. 27
28. 480
11,296
20, 316
10, 025
26. 900
12, 116
29, 086
15, 366
34, 360
13, 690
40, 933
21,381
29. 564
12, 656
28, 487
18, 443
30, 000
12,812
31,563
17,254
36. 490
14, 320
29, 791
19. 489
31,396
9, 736
25, 093
14, 956
31,272
10. 308
21, 994
15, 141
32, 225
7, 770
30, 622
13, 463
29, 876
10,556
19,169
10, 7SO
27, 736 r 44 29. 645
9, 940 ' 11,730
20, 774
22, 744
11,237
13, 267
18,988
8, 992
1. 725
1.225
1. 725
1.225
1.725
1.225
1.725
1.225
1.722
1.185
1. 737
1. 201
1.752
1. 194
1. 725
1.174
WOOL
Consumption, mill (clean basis) :tt
Apparel class
thous. of Ib
Carpet class
_ _ _ _ _
d o .
Imports, clean content
do
Apparel class (dutiable), clean content*
do
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. per l b _ _
Bright fleece, 56s-58s, clean basis
do
Australian, 64s, 70s, good topmaking, clean basis,
in bond
.
dol. per Ib
r
l
Revised. P Prelim irary.
Total ginnings of
m i n t n t i m i t : Hncrirmincr Tmin 10^-5 n n t r>i"vrn n n r < i h l f » w i t V
6
1. 625
1952 crop
6
4
4
6
6 1.725
1. 725
ings to De cember 13.
Nominal pric
1. 675
2 GiPT
4
4
6
6
1. 750
6 1. 775
1. 775
- Decem ber 1 estim ate of 1953
;
4
4
6
1. 748
1.199
1.725
6
1. 775
1.778
TOP.
4
6
1. 780
1. 725
1. 200
6
r. atacovera 5-week pei iod.
1 . 725
1.200
1. 725
1. 204
6
6
1. 780
1.780
1. 780
5 Sjunification s changed;
.
§Total ginnings to end of month indicated.
liData for January, April, July, and October 1953 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered.
*New series. Imports of wool are compiled by the U. S. Department oj Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be
shown later.
JRevisionsfor 1952 are shown in the August 1953 SURVEY.
(^Revisions for broad-woven goods for first and second quarters of 1952 are shown in the October 1953 SURVEY.
SURVEY OF CUREENT BUSINESS
S-40
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1952
November
January
1953
December
January
|ryU~
March
April
May
June
July
August
^ber™"
2.158
2.122
October
* °berm"
TEXTILE PRODUCTS— Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system, wholesale price -.-_
dol. per Ib .
Woolen and worsted woven goods, except woven
felts:*
Production, quarterly total
thous of lin yd
Apparel fabrics, total
do
Government orders
do
Other than Government orders total
do
Men's and boys'
do
Women's and children's
do
Nonapparel fabrics total
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz./yd., 57"/6u"_.- .1947-49= 100_.
Gabardine, 10^-12 ^ oz./yd., £6"/58"---do
2.122
2.122
2.122
2.110
95 779
83, 506
9 923
73 583
30 712
42 871
12 273
7 200
5 073
111.3
107.2
112. 5
103.9
2.122
2.134
2.146
113.9
104.7
113.9
105. 3
2.170
113.9
105. 8
113.9
105.3
'2.110
» 2. 104
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
85 334
72, 691
8 153
64 538
33' 118
31 420
12 643
6 818
5 S25
112.5
104.7
2.170
113.9
105.3
113.9
105.3
112.9
103.6
112.9
103. 6
112.9
103.6
112.9
103.6
TRANSPORTATION EQUIPMENT
AIRCRAFT
254
97
365
107
382
82
358
81
402
112
417
119
339
104
402
154
350
138
359
92
235
146
275
535, 027
231
189
418, 982
406, 156
115,814
103, 648
565,172
254
218
453, 319
435,129
111, 599
97, 879
583, 001
190
189
486, 071
467, 440
96, 740
86,212
700, 685
236
189
566 320
545, 961
134, 129
122, 043
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
537, 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
620, 588
519
496
528, 088
516, 257
91, 981
79, 566
452, 487
371
288
378, 406
369, 994
73 710
64, 781
22 072
9, 015
13 057
20, 993
9, 455
1 1 , 538
27 121
14,136
12,985
27 938
15, 941
11,997
27 257
15, 372
11,885
28, 675
16, 704
11,971
28. 511
16, 455
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
. do..
. _ do
do.do.
do..
4,908
4, 657
2,464
2, 193
250
5,392
5, 144
2, 560
2,584
248
5,858
5. 635
2, 5X8
3, 047
223
6,009
5. 723
2, 586
3, 137
286
6,740
6,429
2, 823
3, 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
6, 573
357
9,285
8.965
2,526
6,439
320
9,703
9,498
2,629
6,869
205
9,906
9. 708
2,281
7,427
198
do._
do
360, 236
70 431
399, 906
69 949
386, 221
72 606
396, 558
68, 616
486, 368
79 672
528, 278
91 127
540, 575
86 366
542, 193
77 199
533, 783
76, 161
502, 430
76 673
American Railway Car Institute:
Shipments:
Freight cars, total .
...
number
Equipment manufacturers, total
do
Domestic
do
Railroad shops, domestic
do
Passenger cars total
do
Equipment manufacturers, total _
do
Domestic
do
Railroad shops, domestic
-_
do.
6, 098
4,201
4 032
1,897
11
11
11
0
7,968
5,893
5 769
2,075
20
20
20
0
8,103
6,094
5 972
2,009
15
15
15
0
•• 7, 786
6.072
6 063
' 1,714
17
17
17
0
6,725
4,958
4 952
1,767
39
39
39
0
6,870
4,768
4 737
2,102
37
37
37
0
6,969
4,312
3 958
2, 657
27
27
27
0
6,918
4,014
3 559
2,904
26
26
26
0
6,817
4,643
4,196
2,174
37
37
37
0
1,756
1,757
1 759
1, 762
1, 764
1, 765
1, 767
1 767
90
5.2
72, 400
40 355
32, 045
88
5.0
67, 138
35 803
31, 335
88
5.0
66, 368
36 550
29, 81 8
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
1,939
11.9
1,890
11.9
1,851
12.0
1,835
12.1
1,784
12.1
1,656
11.5
1,547
11.1
894
17
943
15
948
14
1, 057
12
843
10
861
8
49
51
38
40
47
622
585
37
741
674
67
704
669
35
779
743
36
832
794
38
Civil aircraft, shipments
Exports 9
268
84
numbei
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
_
..
-
__
-.-.
Truck trailers, production, total
Complete trailerscf
-Vans _- -_
All other d*
_
...
Trailer chassis
Registrations:
New passenger cars _ .
New commercial cars
-
.
.
number
do
do-do
do do
. ~ do do
do
do
r
519, 536
319
244
405, 1 1 i
394,313
114 106
102,501
T
r
T
r
8, 366
8, 194
2, 608
5, 586
172
7 867
7,673
2 538
5, 135
194
453, 806
78, 319
504, 697
82 661
450 311
72 575
5,701
3,512
3 368
2,189
42
42
42
0
6,336
4,098
3 468
2,238
34
34
34
0
8, 732
5, 557
5 552
3,175
46
46
42
o
6 398
4,140
3 879
2,258
44
44
44
0
1,769
1 771
1 772
1 775
1 777
92
5.2
40, 119
22, 908
17,211
92
5 2
40, 224
21 497
18, 727
94
53
37, 554
20 651
16, 903
90
5 I
33. 159
15 405
17, 754
92
52
30, 703
13 911
16* 792
1,437
10.6
1,315
10.0
1,336
10 4
1,216
9 7
1, 223
10 0
1,222
10 2
675
7
564
6
511
5
405
4
545
3
§28
659
j
40
45
39
61
46
48
37
732
690
42
677
640
37
945
902
43
673
591
82
626
576
50
797
735
62
877
845
39
RAILWAY EQUIPMENT
Association of American Railroads:
Freight cars (class I), end of month :§
Number owned
thousands
Undergoing or awaiting classified repairs
thousands _.
Percent of total ownership
Orders, unfilled
number. _
Equipment manufacturers
do
Railroad shops
-.
do._
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number-Percent of total on line
- _ -.
Orders, unfilled:
Diesel-electric and electric locomotives, total
number of power units .
Steam locomotives total
number
Exports of locomotives, total
-
..do
9
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments total
Domestic
Export
.-
.
.
.-
number
-.do
do
'Revised.
f Preliminary.
i Re visions for 1952 are shown in the August 1953 SURVEY.
9 Data exclude all military-type exports.
<f 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 raili oad-owned private refrigerator cars.
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 : 1954
677
632
45
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40*
Pages 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
Anthracite11,13,14,15,34
Apparel, wearing___ 2, 3, 4, S, 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 c o s t s _ _ _ _ _ ,
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
Communications
11,13,14,15, 18,19, 20, 23
Confectionery, sales
___.
.__
29
Construction:
Contracts awarded
..
6
Costs.
....
7
Dwelling units--.
_
7
Employment, earnings, hours, wage rates __
11,
12,13,14,15
Highway..
_ 6, 7,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
_
1,8
Consumer price index
5
Copper____
.... 22,33
Copra and coconut oil
_
_
,_
25
Corn
19, 28
Cost-of-living index (see Consumer price
index) _.
.
_ _.
5
Cotton, raw and manufactures ....— 2, 5, 6, 21, 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 3
___..__
.
2,
3,4, 5, 8, 9,11,12,14,18, 27, 28, 29,30
Foreclosures, real estate
7
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups___
. ... 21,22
Foundry equipment _ „ _ _
..._,
.
34
Freight carloadings
.
•—
23
Freight cars (equipment)
.
40
Freight-car surplus and shortage
23
Fruits and vegetables...
5, 21, 27
Fueloil—— _ — — ..—
..
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
ncome, personal _,
.
1
ncome-tax receipts
16
ncorporations, business, new
.
.
4
ndustrial production indexes .
. 2,3
nstalment credit
.
16
nstalment sales, department stores
10
nstruments 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
Jewelry stores, sales, inventories
8, 9
Kerosene
_.
35
Labor disputes, turnover.
. 13
Labor force-.
.
10
Lamb and mutton
,_.
29
Lard
29
Lead
.
33
Leather and products
2, 3, 4, 5,12,14,15,30,31
Linseed oil
;
.
25
Livestock
2, 5, 23, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer Credit)
7,15,16,17,19
Locomotives.
. ... 40
Lubricants
... 35
Lumber and products
.
2,
3, 5, 8, 9,11,12,13,14,18,31,32
Machine activity, cotton
39
Machine tools
.
34
Machinery._______ 2, 3, 4, 5,11,12,13,14,18, 21,34
Magazine advertising
,
8
Mail-order houses, sales
9,10
Manufacturers' sales, inventories, orders..... 3,4
Manufacturing production indexes
2,3
Manufacturing production workers, employment, payrolls, hours, wages
11,12,13,14,15
Meats and meat packing
.
2, 5,11,12,14, 29
Medical and personal care
'.
5
Metals_____
2, 3, 4, 6,11,12,13,14,15,18,32, 33
Methanol
24
Milk
.
_
27
Minerals and mining..
2,3,11,13,14,15, 20
Monetary statistics
.*..
18
Money orders
,
.
.
8
Money supply.
18
Mortgage loans
....
7,15,16,17
Motor carriers
.
. ,
22
Motor fuel
.—
36
Motor vehicles
g._
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 p u l p _ _ _ _ _ _ 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.
' • * - - Paige* iporked S
Personal saving and disposable income-—.—. ;> . ' 1
Petroleum and products...•....^—*.:_:»*.«;
2.
3,4,5. II, 12,13,14,15, Ifc. ft; 22, 35,36
Pig iron
....
..-.^^.^.i.
32
Plant and equipment expenditures
.*-.;...
1
Plastics and resin materials
,.
._.»
!26
Plywood....
„,,...
31
Population
.. 10
Pork
.-_,..
29
Postal savings
.......... 16
Poultry and eggs
„. 2,5,29
Prices (see also individual commodities):
Consumer price index
5
Received and paid by farmers. ..
..
5
Retail price indexes
5
Wholesale price indexes
5,6
Printing and publishing
2,3,4,11,12,14,15,37
Profits, corporation...
. 1,18
Public utilities... 1,6,11,13,14,15, IT, 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
.... Jl, 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
..r... 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,
aales, 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,$
Stone, clay, and glass products.-. —
2,
3,11,12,13,14,18,38
Stoves
. 34
Sugar
22,30
Sulfur
__
.v.. 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
.....i--.——
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....... 1,5,6,11,13,14,15t 17,18,19,20,26
Vacuum cleaners
34
r..
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
1.1...*...36
Wool and wool manufactures
.—... 6,22,39,40
Zinc
33
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