Full text of Survey of Current Business : July 1954
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JULY
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1954
SURVEY
OF C U R R E N T
BUSINESS
D E P A R T M E N T OF C O M M E R C E
FIELD SERVICE
'~04 s. loth st,
Ix.»a Angeles 15, Calif.
10-31 S. Broadway
Atlanta 5, Ga.
SO Sheath -St. MS,
Memphis 3, Tenn.
229 Federal Bid*.
Boston 0, Ma*».
Miami 32, Fla.
36 NE. First St,
Albnqtiefque, N. MeT.
No. 7
JULY 1954
U. S. Post Office and
Courthouse BMf,
PAG E
THE BUSINESS SITUATION
*
*
1
Charleston I, 5. C,
Area 2,
Sergeant Jasper Bldg*
*
NATIONAL INCOME:
REVISED SERIES, 1929-1953 . . . . . . . . . 3 - 9
Annual Statistics, 1929-53
1
Quarterly Data, 1939-53
8
*
*
Buffalo,'}, N, Y.
inEUicottSt.
*
BALANCE OF PAYMENTS
OF THE UNITED STATES, 1919-1953 . . . 10-36
Cheyennef Wyo.
•07 Federal Office Bldg,
Chicago t f 111.
226 W, Jackson Blvd.
Cincinnati 2, Ohio
422 U. S. Post Office
and Coutthouaa
Cleveland 14, Ohio
1100 Chester Ave.
Minneapolis 2, Minn.
607 Marquette Are,
New Orleans 12, La.
333 St. Charles Are.
New York 13, N, Y.
346 Broadway
Philadelphia 7, Pa,
1015 Cheatnnt St,
Phoenix, Arizi
137 N. Second Are,
Pittsburgh 22, Pa.
717 liberty A*e.
Portland 4, Oreg.
520 SW. Morrison St,
Methodological Notes
12
Statistical Tables
14
Bibliography
36
*
*
*
MONTHLY BUSINESS STATISTICS . . S~l to S-40
Statistical Index . . . . . . . Inside back cover
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretary. Office of Business Economics* M. JOSEPH MEEHAN,
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Chamber of Commerce
Bldg,
Salt Lake City I, Utah
109 W. Second St, So.
Efotiston, Tex.
430 Lamar St,
San Francisco 11, Calif.
555 Battery St.
Sarannah, Ga.
125-29 Bull St.
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10,13
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For Joca/ telephone listing, consult section
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JULY 1954,
uctuon
By the Office of Business Economics
activity in the closing weeks of spring was
i
f
mainly stable as divergent changes in different segments of
the economy largely cancelled out. The national output,
although somewhat below last year's unprecedented volume,
remained impressively large with summer seasonal factors
becoming increasingly important. Employment increased
between May and June mostly as a result of the usual
seasonal advance in agricultural work. Nonagricultural jobs
showed little over-all change from the previous month. The
labor force was augmented by the first contingent of students
and other prospective workers seeking jobs but since many
formerly jobless adult workers found employment in construction and elsewhere, unemployment did not register a
significant rise from May to June as is the usual pattern for
this period.
The steady flow of personal income in May at $285 billions
seasonally adjusted annual rate continued to be a basic
sustaining factor. Free spending by consumers kept retail
sales at a high and relatively stable pace. Consumer buying
in May was supported by a small expansion in short- and
intermediate-term credit, but the rise was less than usual for
the month. Demand for construction, both private and
public, remained broad and active with plentiful credit
available on easy terms. This was particularly helpful in
maintaining the large volume of private residential building.
Prices in wholesale commodity markets in June featured
divergent movements of agricultural and nonagricultural
products as farm product and food prices tended moderately
downward while quotations for products of nonagricultural
origin remained generally firm. In the early days of July,
however, the average list price of finished steel was increased
$3 per ton following the pay increase awarded to the steel
workers.
Consumer prices rose 0.3 percent in May after the minor
drop in April that was occasioned chiefly by the reduction
or elimination of excise taxes on various goods and services.
The May increase reflected the higher cost of housing and
seasonally higher food prices.
Complete data covering wholesale market movements in
May reveal as the chief development a drop in raw farm
product prices from April — after 5 months of recovery from
last November's low point.
Production maintained
Industrial production held steady in June following the
moderate pickup in May, with most industries showing
little change. As the third quarter opened, production
movements were dominated largely by the usual seasonal
influences of the July 4th holiday and the plant-wide summer
vacations which normally begin at this time in many manufacturing industries.
Steel mills operated in June at an average rate of about 72
percent of the 124 million net ton rated capacity in place
January 1, 1954, slightly higher than in May. During the
month, operations reached a rate of 73 percent of capacity,
the highest since the last week in February.
Output for the second quarter amounted to 21.7 million
tons of steel ingots and castings. Taken together with the
January-March tonnage, this brought the 1954 total to
over 44 million tons for the first half of this year, a decline
of nearly one-fourth from the comparable figure a year ago.
In the first week of July, mill activity was reduced to 60
percent of capacity as a result of the holiday and vacations.
The number of passenger cars assembled in June was
approximately the same as in May, about 500,000 units,
though on a daily average basis output was 7 percent below
the previous month. Truck production held steady with
completions at 90,000 units, or slightly below the average
monthly rate of the January-May period.
In the second quarter the auto industry turned out
1,530,000 cars, up 7 percent from the January-March
period though more than 10 percent below the year ago
figure. For the first 6 months close to 3.0 million passenger
cars and 560,000 trucks were turned out in comparison with
over 3.2 million passenger cars and 637,000 trucks in the
comparable 1953 period.
Retail sales of new^ passenger cars in April and May
topped 500,000 in each month and this pace was exceeded
in June. Retail sales of passenger cars in June were considerably above assemblies, with the result that new car
stocks held by dealers and in transit declined substantially.
Inventories shrink again
Business inventories with a book value of $79.4 billion at
the end of May were about $100 million lower than a month
earlier. This was the smallest decline since the beginning
of the inventory liquidation last October. Inventory
reduction continued to be concentrated largely in durable
goods manufacturing; trade and nondurable goods producers'
stocks were only slightly below their 1953 top levels. Thus,
the decline in total inventories during the month was the net
resultant of a $400 million drop in manufacturers' stocks and
a rise of $300 million in trade stocks.
Retail inventories of $22.8 billion at the end of May,
adjusted for seasonal variation, were only slightly below the
September peak with the entire drop concentrated at durable
goods stores; inventories held by nondurable goods stores,
on the other hand, increased during this period.
Manufacturers' new orders steady
Manufacturing activity in May was characterized by the
continued excess of shipments over new orders with further
shrinkage in the unfilled order backlogs.
Manufacturers' shipments declined more than is usual for
the month to a seasonally adjusted total of $24.1 billion.
The April-May average, however, is still a little higher than
the low January-March quarter. No very clear industry
pattern was observable in the April-May changes since the
sales of 10 major groups registered declines as against 8
SURVEY OF CURRENT BUSINESS
shewing increases. In comparison with May of last year,
however, aggregate sales of nondurable goods showed a
nominal increase while sales of durables were 13 percent
lower.
New orders received by manufacturers in May were
slightly larger than the April total, after seasonal adjustment, and 5 percent above the first quarter average. Because new orders failed to equal shipments, unfilled orders
were reduced by $1.5 billion during the month to mark the
Kith consecutive month of decline. At $50 billion, the
unfilled order backlog has been reduced more than one-third
from the maximum attained in September 1952. For all
industries reporting unfilled orders, new orders were the
equivalent of 93 percent of May sales while the reduction of
unfilled orders amounted to 7 percent of sales. For this
group, unfilled orders at the end of the month equaled 3.5
months' sales compared with 4.5 months 7 sales a year ago
and 2.75 months in 1949.
The most substantial increase in new orders between
April and May occurred in the transportation equipment
and electrical machinery and equipment industries. Even
though higher than in April, May new orders were less than
shipments and the unfilled orders backlogs of these industry
groups, comprising about three-fifths of the total manufacturing backlog, shrunk about $0.5 billion. New business
in the non-electrical machinery and primary and fabricated
metal groups was, in contrast, appreciably reduced along
with shipments and backlogs. In the last named industry
group the reduction of unfilled orders in May brought the
remaining backlog down lower relative to shipments than in
1949.
Construction seasonally higher
Expenditures for new construction rose seasonally in
June to $3.3 billion, registering approximately the average
increase in activity usual for the time of the year. With
the seasonally adjusted total of $18.1 billion for the first
half of the A^ear 2 percent above a year ago and the largest
ever recorded, this industry continues to be a strong buttress
to general economic activity.
Private construction activity at $2.2 billion and public
construction of $1.1 billion were the largest for any June.
Most of the rise in private construction was ascribable to
housing but commercial building, public utility and farm
construction also contributed substantially. Expenditures
for commercial and religious building were the largest ever
recorded for the month.
Public construction also increased seasonally with the
January-June total approximately the same as last year.
Declines in Federal construction, especially for military
purposes, were about offset by increased State and local
government construction mainly for schools, roads, and
sewer and water systems; expenditures for each of these
were larger than ever before.
Reserve requirements lowered
Action was taken in June by the Federal Reserve System
which will facilitate the maintenance of construction activity
and the demand for large-ticket goods at a high level. The
further reductions in required bank reserves announced
during the month will tend further to ease the money market
which was already reflecting the lessened demand for funds
in evidence over the past year.
While demand for long-term funds remains high, shortterm requirements, as reflected in business working capital
needs and credit buying by consumers, have been well
below year-ago volume. Over this period the Federal Reserve monetary powers, operating on the supply side, contributed to the development of easier credit conditions.
The decrease in requirements, scheduled to occur in
several steps, totals roughly $1.6 billion and will make 4 possible an expansion of bank credit by several times that
amount. This action was taken in anticipation of the
seasonal rise in demand for credit which normally occurs in
the second half of the year and in view of U. S. Treasury
financing requirements in that period.
Credit use up less than seasonally
Consumer use of short- and intermediate-term credit
increased a little less than usual in May. The total outstanding declined on a seasonally adjusted basis and stoot.
about $0.5 billion or approximately 2 percent below the
year-end amount. Installment credit contracted about $100
million as seasonally adjusted repayments on automobile
paper, other consumer goods paper, and repair and modernization loans, exceeded new credit extensions. Personal
installment loans remained unchanged.
Noninstallment credit expanded slightly as single payment
loans and service credit—neither of which manifest appreciable seasonal trends—continued to rise. Charge account
credit also increased, but somewhat less than usual for the
month.
Nonagricultural employment steady
Employment in nonagricultural establishments was relatively unchanged, after allowing for seasonal influences,
from May to June. Minor declines in factory employment,
chiefly establishments making durable goods, were approximately offset by increases in construction and trade. Other
major industry groups showed little change.
In general, most of the employment adjustment of recent
months has been confined to the commodity producingindustries. Employment in most service-type industries
such as trade, finance, insurance, and real estate, service and
miscellaneous industries has shown little change from 1953
amounts. Total government employment is higher, with
lower Federal employment more than offset by the increased
number of State and local government workers.
With demand for factory labor quiet, as indicated by the
unusually low hiring rate for May, workers are manifesting
a greater inclination to stay put. Quit rates remain low,
especially when judged by postwar standards. Separations
from all causes in May averaged only 35 per thousand
employees, do\vn from April and lower than any postwar
May except 1950. While layoffs were less frequent than in
April, they were double the rate for May in 1953 and 1952
and higher than in any postwar year except 1949. The May
hiring rate was seasonally higher than April but was less
than that for the same month in any recent year.
Factory hours and earnings slightly higher
The average length of the factory workweek increase^1
seasonally to 39.6 hours in June from 39.3 hours in May.
Since the first of the year, changes in hours worked per week
have approximately followed the customary seasonal pattern.
In view of the fact that June production-worker employment in manufacturing was 11 percent below the corresponding 1953 month with hours worked only 3 percent less,
it is apparent that part-time work has not become very
widespread.
Average hourly earnings of factory workers, having remained relatively unchanged since the beginning of the year,
rose 1 cent an hour in June. As the second half year opened,
workers in the steel industry received a wage increase oi
about 5 cents an hour with an additional increase of roughly
the same amount applying to pensions and other benefits.
National Income
Revised Series,
1929-1953
JL HE detailed annual data on national income and product and related series which are
usually published in the July issue of the SURVEY OF CURRENT BUSINESS will appear this
year in a new edition of the National Income supplement, now in press.
Four key tables from the supplement are reproduced here.
These are:
Table 1.—National Income by Distributive Shares, 1929-53.
Table 2.—Gross National Product or Expenditure, 1929-58.
Table 3.—Personal Income and Its Disposition, 1929-53.
Table 4.—Relation of Gross National Product, National Income and Personal Income, 1929-53.
In addition, quarterly information taken from the supplement is summarized in:
Table 5.—-National Income and Product, Quarterly, 1950-53. Comparable data for the
first quarter of 1954 can be found on page S-l of this issue of the SURVEY.
The new (1954) edition of National Income replaces the 1951 edition. It contains
the complete set of the official national income and product estimates prepared by the
Office of Business Economics, with the exception of the annual State income series
(published regularly in the August issue of the SURVEY) and the series on the size
distribution of income, initiated last year in a special supplement to the SURVEY (Income
Distribution in the United States'). The data contained in the 1954 National Income
supplement will be brought up to date regularly in the SURVEY.
The new National Income report differs from the predecessor 1951 volume in several
respects. It represents a major reworking of the statistical series to incorporate new
sources of information as well as improvements in statistical methodology. This was occasioned primarily by the availability of data collected in the postwar censuses-—-the 1947
Census of Manufactures, the 1948 Census of Business, the 1950 Census of Agriculture,
and the 1950 Census of Population and Housing. However, opportunity was also taken
to review systematically all income and product series back to 1929 and to make whatever
revisions seemed indicated in the light of information that has become available since
1947-—the year in which the last comprehensive review of the national income data covering the entire period since 1929 was undertaken. A special feature of the new supplement
is the presentation of constant-dollar gross national product in 1947 prices instead of 1939
prices, as previously used.
The sections on methodology have been reworked to incorporate descriptions of the
new sources and methods used, and the statistical revisions have been analyzed for the light
they throw on the reliability of the estimates. Also, the review of economic developments
contained in the 1951 report has been brought up to date to cover the eventful years
1950-53.
Notice of the publication date of the new National Income supplement and of its price
will appear in the SURVEY OF CURRENT BUSINESS.
SURVEY OF CURRENT BUSINESS
Table 1.—National Income by
[Millions of dollars]
Line
1
2
1929
National income ...
Supplements to wages and salaries- ...
Employer contributions for social insurance
Other labor income
1938
75 729
59 708
42 547
40 159
48 959
57 057
64 911
73 618
67 581
39 740
31 054
29 539
34 295
37 340
42 910
47 934
44 994
46 187
41 033
311
4, 843
39 119
33 861
' 304
4 954
30 477
25 511
28 997
93 g55
33 705
27' 629
' 268
5 808
36 690
30 189
' 303
6 198
41 920
34 054
46 107
38 614
42 976
34 752
7 532
7 139
7 859
662
101
561
657
106
551
14, 759
Business and professional
Income of unincorporated enterprises
Inventory valuation adjustment
Farm
.. . .
Rental income of persons
Corporate profits and inventory valuation adjustment ... .
292
267
4 674
4 875
621
111
510
577
126
451
542
133
409
590
147
443
650
171
479
990
418
572
1 827
1,234
2 018
1,423
11,540
8, 734
5,316
5, 599
7,010
10,387
10, 482
12, 691
11, 128
8,791
8,649
142
5 968
Income of unincorporated enterprises and inventory valuation adjustment -
16
23
1937
1936
46 844
_.
15
09
1935
50, 423
45 485
308
4,630
7
8
9
17
18
19
20
21
1934
1933
87,814
Wages and salaries ..
Private
Military _ _ .
Government civilian !_
11
12
13
14
1932
51,085
Compensation of employees
3
4
5
6
10
1931
1930
7,410
6, 655
755
4 130
5, 581
4,970
611
3 153
3,384
3,089
3,166
3 691
—525
9 433
4,564
4,618
5, 351
5, 401
6,530
6,650
— 120
3 952
7,073
7, 102
6,793
6,572
5 618
4 335
295
1 932
—54
2 446
—50
5 036
334
354
593
—29
365
595
221
5 425
3 761
2 713
1 971
1 694
1 661
1 776
2 081
2 560
6,582
1,634
— 1,970
— 1 992
1,091
2,918
5,002
6,204
4,263
9,628
1, 369
8, 259
5, 813
2,446
472
3. 322
842
2, 480
5 490
—3, 010
3 260
— 780
—3,017
385
151
521
1 716
3,145
— 1,278
4 088
— 5,366
2 414
—3,402
2 565
— 5,967
1 047
—370
2 056
—2, 426
—2 143
2 587
— 1 615
—625
2,194
2 863
—669
— 227
5,740
1 409
4,331
4 548
—217
— 738
6,235
1 502
4,733
4 685
3, 300
1 029
2,271
3 187
—916
6,445
Corporate profits before tax
.
Corporate profits tax liability .
Corporate profits after tax. .
Dividends
Undistributed profits
__.
Inventory valuation adjustment
4 778
10, 100
5 985
5 839
5 434
5 042
4 869
4 751
4 741
4 708
...
Net interest
498
744
972
951
48
—31
963
4 636
1
Includes also the pay of employees of government enterprises and of permanent United States residents employed in the United States by foreign governments and international
organizations.
Table 2.—Gross INational Product
[Millions of dollars]
|
2
3
4
5
6
g
9
10
Durable goods .
Nondurable goods
Services
1936
1937
1938
64, 975
72, 502
82, 743
90, 780
85, 227
51, 894
56, 289
62,616
67, 259
64, 641
3,469
22, 251
20 672
4,213
26, 656
21,025
5,111
29, 319
21, 859
6,304
32, 836
23, 476
6, 925
35, 185
25 149
5, 686
33, 985
24, 970
1931
1932
1933
1934
104, 436
91, 105
76, 271
58, 466
55, 964
78, 952
70, 968
61, 333
49, 306
46, 392
9.212
37, 677
32, 063
Gross national product
Personal consumption expenditures
1935
1930
7,155
34, 010
29, 803
5, 485
28, 946
26 902
3,646
22, 758
22 902
1929
Line
._ _
... . ._
..
16, 231
10, 265
5, 523
913
1,391
2,888
6,277
8,404
11,747
6,661
New construction
Residential nonfarm
Other
8 707
3,625
5,082
6 183
2,075
4,108
3 968
1, 565
2, 403
1 876
630
1,246
1 431
470
961
1 709
625
1,084
2,299
1,010
1,289
3 281
1,565
1,716
4 403
1,875
2,528
3 960
1, 990
1,970
Producers' durable equipment
5, 850
4, 465
2.839
1, 593
1,589
2,304
3,066
4, 169
5,095
3, 644
1 674
1,836
-162
—383
-83
-300
— 1 284
— 1,608
324
—2 556
—2, 590
34
— 1 629
— 1,370
-259
— 1 125
195
-1,320
912
376
536
954
2,066
-1,112
2 249
1,726
523
—943
— 1,046
103
Gross private domestic investment
11
12
13
Nonfarm
Farm
J4
Net foreign investment
15
Government purchases of goods and services
16
]7
18
19
20
21
Federal
- ...
National security
National defense
...
Other national security
..
Other
Less* Government sales
22
State and local
-.
771
.
"
. ..
..
1
.. _ . _
i Breakdown into "National defense" and "Other national security" riot available.
690
197
169
150
429
-54
-93
62
1,109
8,482
.-
9,182
9,218
8,078
8,031
9,764
9,990
11,816
11,712
12,816
1,311
1,410
1,537
1,480
2,018
2,991
2,931
4, 815
4, 552
5, 280
1, 344
1, 432
1, 549
1,484
2,022
2,997
2,935
4,818
4, 557
o, 286
33
22
12
4
4
6
4
3
5
6
7, 171
7,772
7,681
6,598
6,013
6,773
7, 059
7,001
7.160
7, 536
SURVEY OF CURRENT BUSINESS
Distributive Shares, 1929-53
[Millions of dollars]
1939
1940
72,753
81, 634
48, 108
52, 129
45, 941
37, 742
388
7,811
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
104,710
137,694
170,310
182, 639
181, 248
179, 577
197, 168
221, 641
216, 193
239,956
277, 041
290, 959
305,002
1
64,789
85, 271
109,587
121, 286
123, 181
117, 697
128,757
140, 927
140,858
154, 325
180,420
195, 423
209,061
2
49, 818
41, 395
563
7,860
62, 086
51, 894
1,866
8,326
82, 109
66, 123
6,168
9,818
105, 828
79, 197
14, 133
12, 498
116, 823
83, 843
20,033
12, 947
117, 577
82, 664
21, 819
13, 094
111, 836
91, 241
7,818
12, 777
122, 858
105, 512
4,067
13, 279
135, 172
116, 424
3,970
14, 778
134, 334
113, 873
4,248
16, 213
146, 526
124, 297
4,999
17, 230
170, 881
142, 050
8,684
20,147
185, 039
152, 222
10, 465
22, 352
197, 980
164, 503
10, 207
23, 270
3
4
5
6
2,167
1,540
627
2,311
1,624
687
2,703
1,983
720
3,162
2,302
860
3,759
2,677
1,082
4, 463
2,937
1, 526
5, 604
3,805
1,799
5, 861
3,970
1,891
5,899
3,565
2,334
5,755
3,042
2,713
6,524
3,503
3,021
7,799
3,976
3,823
9,539
4,753
4,786
10, 384
4,874
5,510
11, 081
4,745
6,336
7
8
9
11,610
13,010
17,401
23,907
28, 187
29,565
30, 835
35,265
34,433
38,389
34, 149
36, 140
40,809
39, 918
38,444
10
7,293
7,459
-166
4,317
8,442
8,487
-45
4,568
10, 897
11,512
-615
6,504
13, 899
14, 266
-367
10,008
16, 823
16, 979
-156
11, 364
18, 040
18, 109
-69
11, 525
19,011
19, 117
-106
11, 824
21, 321
23, 026
-1,705
13, 944
19, 948
21, 419
-1,471
14, 485
21, 649
22, 061
-412
16, 740
21, 431
20,963
468
12, 718
24,791
25, 135
-344
16, 018
25, 727
25, 519
208
14, 191
26, 215
26, 410
-195
12,229
11
12
13
14
2,742
2,885
3,465
4,547
5,097
5,413
5,634
6,208
6,510
7,198
7,874
8,473
9,129
10,021
10,596
15
5,689
9,120
14,511
19, 678
23, 781
23,033
18, 413
17,288
23, 626
30, 619
28, 141
35,106
39,913
38, 155
38,466
16
6,403
1,441
4,962
3,788
1,174
-714
9,320
2,834
6,486
4,043
2,443
-200
16, 982
7,610
9,372
4,458
4,914
-2,471
20,882
11,415
9,467
4,289
5,178
-1,204
24, 554
14, 074
10,480
4,484
5,966
-773
23,320
12, 949
10, 371
4,673
5,698
-287
18,977
10, 689
8,288
4,691
3, 597
-564
22, 551
9,111
13, 440
5,784
7,656
-5, 263
29, 525
11, 283
18, 242
6,521
11, 721
-5, 899
32, 769
12, 510
20, 259
7,248
13,011
-2, 150
26, 198
10, 411
15, 787
7,458
8,329
1,943
39, 970
17,829
22, 141
9,207
12, 934
-4, 864
41, 173
22, 476
18, 697
9,090
9,607
-1,260
37, 174
19, 965
17, 209
9,128
8,081
981
39, 430
21, 144
18, 286
9,365
8,921
-964
17
18
19
20
21
22
4,604
4,490
4,544
4,2S1
3, 658
3,342
3,185
3,119
3,842
4,508
5,171
5,912
6,770
7,442
8,435
23
22, 855
23, 989
-1,134
13, 285 .
Line
or Expenditure, 1929-53
[Millions of dollars]
1939
1940
1941
Lino
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
211,393
213, 558
209, 246
232,228
257,325
257, 301
285,067
328,232
346,095
364,857
109,833
121, 699
146, 617
164, 973
177, 609
180,598
194,026
208,342
218,424
230,080
6,764
65, 368
37, 701
8,105
73, 222
40, 372
15, 892
84, 501
46, 224
20, 593
93, 077
51, 303
22, 214
98, 741
56, 654
23, 573
96, 879
60, 146
28,608
100, 386
.. 65,032
27, 148
111, 054
70, 140
26, 815
116, 012
75, 597
29,749
118, 925
81, 406
3
4
5
1953
1
100, 618
125,822
159, 133
192,513
67, 578
71,881
81,875
89,748
100,541
6,670
35, 131
25,777
7,771
37, 215
26, 895
9,659
43, 208
29, 008
6,968
51, 324
31, 456
6,605
59,259
34, 677
9,309
13, 155
18,072
9,875
5,600
7,130
10, 430
27, 125
29, 705
41, 176
32,549
51,219
56,864
50, 655
51,408
6
4,757
2,680
2,077
5, 452
2,985
2,467
6,629
3,510
3,119
3,721
1,715
2,006
2,326
885
1,441
2,712
815
1,897
3, 833
1,100
2,733
10, 291
4, 015
6, 276
14, 029
6,310
7,719
17, 904
8,580
9,324
17, 453
8,267
9,186
22, 733
12,600
10, 133
23, 332
10, 973
12, 359
23, 723
11, 100
12, 623
25, 536
11, 930
13, 606
7
8
9
4,180
5,531
6,942
4,343
4,027
5, 438
7,654
10, 733
16, 667
19, 110
17, 833
21, 135
23, 177
23,307
24, 378
10
372
316
56
2,172
1,902
270
4,501
4,049
452
1,811
652
1,159
-753
-577
-176
-1,020
-575
-445
-1,057
-595
-462
6,101
6,350
-249
-991
1,298
-2, 289
4,162
3,026
1,136
-2, 737
-1,862
-875
7,351
6,428
923
10, 355
8,951
1,404
3,625
2,971
654
1,494
2,169
-675
11
12
13
91,095
888
1,509
1,124
—207
—2, 245
—2, 099
— 1, 438
4,586
8,942
1,956
534
-2,201
227
-164
-1,866
14
13,320
14, 073
24,751
59,717
88, 617
96, 529
82,867
30,918
28, 608
36,584
43, 620
42,023
62, 799
77, 180
85,235
15
6,170
i 2, 223
16, 923
i 13, 794
52, 027
i 49, 567
81,223
i 80, 384
89, 006
i 88, 615
74, 796
i 75, 923
20, 934
i 21, 188
3,956
9
3,173
44
2,664
204
1,480
641
1,552
1,161
1,031
2,158
2,469
2,723
15, 776
13, 349
12, 254
1,095
3,751
1, 324
21, 019
15, 984
11, 578
4,406
5,570
535
25, 445
19,288
13, 570
5,718
6,570
413
22, 138
18, 511
14,257
4,254
3,882
255
40, 995
37, 260
33, 864
3,396
4,154
419
53, 951
48,501
46, 086
2,415
5,805
355
60, 105
52, 022
49, 993
2,029
M85
402
16
17
18
19
20
21
7,903
7,828
7,690
7,394
7,523
8,071
9,984
12, 832
15, 565
18, 175
19, 885
21, 804
23,229
25, 130
22
5,157
i 1, 258
---------3,908
9
)
8,163
SURVEY OF CURRENT BUSINESS
6
Table 3.—Personal Income and
[Millions of dollars]
Line
}
?
1929
85, 763
50 423
Personal income - __
4
Wage and salary disbursements
Other labor income
Proprietors' and rental income
5
6
7
Dividends... .__ _ .
Personal interest income
Transfer payments
g
8
9
10
11
__. -
1933
1934
76,881
65, 698
50, 115
47, 208
46 187
39 119
30 477
28 997
1938
1935
1936
53, 575
60, 210
68, 480
73, 921
68, 554
33, 705
36, 690
41 920
46, 107
42, 976
1937
551
510
451
409
443
479
572
595
12 495
8 029
7 570
593
16 318
8,704
12 048
12 258
14 772
13, 688
5,813
7,428
1,496
___ _
5, 490
6,949
1, 533
4,088
6,923
2,714
2. 565
6, 575
2, 170
2,056
6 212
2, 116
2,587
6,099
2,194
2, 863
5,892
2.400
4,548
5, 842
3,520
4,685
5 912
2,418
3,187
5,828
2,834
142
152
157
162
180
566
554
1,455
1, 464
1,595
1,888
607
331
827
1,124
474
990
595
1, 251
1,000
1,061
2,258
1 130
1,128
2,921
1,723
1, 198
2,862
1, 635
1,227
74, 374
63, 840
48, 660
45, 744
51, 980
58, 322
66, 222
71, 000
65, 692
70, 968
61, 333
19, 306
46, 392
51, 894
56, 289
62, 616
67, 259
64,641
4,168
Equals: Personal saving
152
1,858
78, 952
-_
151
2. 507
1, 134
1,373
83, 120
Equals: Disposable personal income
147
2,643
1,263
1. 380
_
Less: Personal consumption expenditures
14
1932
561
Less: Personal contributions for»social insurance
13
1931
20 184
Less: Personal tax and nontax payments.
Federal
State and local
12
1930
3, 406
2,507
—646
—648
86
2,033
3,606
3 741
1, 051
Table 4.—Relation of Gross National Product,
[Millions of dollars]
1929
1 Gross national product
1
1930
1931
"
1932
1933
1934
1935
1936
1937
1938
104, 436
Line
91, 105
76,271
58, 466
55, 964
64, 975
72, 502
82, 743
90,780
85, 227
8,617
7,698
8,541
7,737
7, 615
7,038
7,112
6,598
351
263
7, 235
6. 665
7,496
6,700
7,746
6,910
7,783
6,939
413
506
389
415
7,161
6,661
329
248
275
225
237
277
236
334
381
415
304
532
387
457
77, 444
2
3
4
5
Less Capital consumption allowances
Depreciation charges
. . ..
Accidental damage to fixed capital
Capital outlays charged to current expense
6
Equals: Net national product
95,819
82, 564
68, 105
50,851
48, 803
57, 863
65, 267
75, 247
83, 034
7
Plus* Subsidies minus current surplus of government enterprises
— 147
— 193
—49
45
18
283
403
39
60
176
8
9
10
Less* Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
7, 003
7, 155
f>, 859
6, 788
7 055
7,815
9 154
534
737
754
641
731
594
594
567
-977
659
948
8,663
9 157
587
268
649
840
8, 190
— 171
1, 118
— 248
429
456
11
Equals: National income
12
13
14
15
16
Le^s* Undistributed corporate profits
Corporate profits tax liability
Corporate inventory valuation adjustment. . _. .
Contributions for social insurance
Excess of wage accruals over disbursements
17
18
19
Plus* Net interest paid by government
Government transfer payments
Business transfer payments
2
Equals: Personal income
-
..
--
.
8, 166
^ 552
87,814
_._
75, 729
59, 708
42, 547
40, 159
48, 959
57, 057
64, 911
73,618
67,581
2 446
1 369
—3 010
— 5 366
— 2 426
— 1 615
—669
842
498
—5 967
385
521
744
48
1, 502
—916
1,029
472
243
0
3, 260
2, 414
1, 047
-625
278
0
285
0
304
0
-31
963
253
0
262
0
-2, 143
—217
1,409
-738
333
0
598
0
1,800
1,977
983
909
587
964
999
534
1,084
2, 005
1, 141
1 433
1, 170
1 457
1,230
1, 553
1. 141
1 , 806
1, 101
2 926
1, 204
1, 851
649
737
659
641
594
594
567
85,763
76,881
65, 698
50, 115
47, 208
5% 575
60, 210
68, 480
73, 921
951
-227
0
0
1,192
2,405 i
429 i
68, 554
SURVEY OF CURRENT BUSINESS
Disposition of Income, 1929-53
[Millions of dollars]
:
1939
| 1940
1941
1942
1943
151,392 |
Lino
1945
1946
1947
1948
1949
1950
1951
1952
1953
165,696
171, 222
177, 990
190,522
208, 743
206, 818
227, 050
255,340
271,242
286, 066
1
1944
72,884 i
96,275
123, 497
45,941 I
627 i
14,352
49,818
687
15,895
62, 086
720
20, 866
82, 109
860
28, 454
105, 619
1,082
33, 284
117,016
1, 526
34, 978
117, 563
1,799
36, 469
111, 866
1,891
41, 473
122, 843
2,334
40, 943
135, 142
2,713
45, 587
134, 379
3,021
42, 023
146, 526
3,823
44, 613
170, 776
4,786
49, 938
185, 068
5,510
49, 939
198, 056
6,336
49, 040
2
3
4
3, 788
5, 809
2, 963
L
r
78,680
4,043
5. 781
3,114
4,458
5,833
3,113
4,289
5,808
3,143
4, 484
5,798
2,964
4,673
6.151
3,588
4,691
6,868
6,165
5,784
7,576
11,411
6,521
8,212
11, 787
7,248
8,950
11, 281
7, 458
9,768
12, 403
9,207
10, 628
15, 147
9,090
11, 592
12, 575
9, 128
12,318
13, 090
9, 365
13,475
13, 801
5
6
7
596
658
801
1,166
1,839
2, 236
2, 333
2,011
2, 118
2,178
2,234
2,894
3,417
3,811
4,007
8
2,440
1, 235
1, 205
2,604
1,364
1,240
3,293
2,016
1,277
5,981
4,668
1,313
17, 845
16, 517
1,328
18, 935
17, 536
1,399
20, 867
19, 379
1,488
18, 808
17, 162
1,646
21, 506
19, 650
1,856
21, 142
18, 997
2, 145
18, 661
16, 194
2,467
20, 920
18, 179
2,741
29, 271
26, 278
2, 993
34, 373
31, 143
3, 230
35, 967
32, 484
3, 483
10
70, 444
76, 076
92, 982
117,516
133,547
146,761
150,355
159, 182
169, 016
187,601
188, 157
206, 130
226, 069
236,869
250, 099
12
67, 578
71, 881
81, 875
89, 748
100, 541
109,833
121, 699
146, 617
164, 973
177, 609
180, 598
194, 026
208, 342
218, 424
230, 080
13
2,866
4,195
11, 107
27,768
33,006
28,656
12,565
4,043
9,992
7,559
12, 104
17, 727
18, 445
20,019
14
36, 928
g
11
National Income, and Personal Income, 1929—53
[Millions of dollars]
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
Line
91,095
100, 618
125,822
159, 133
192,513
211,393
213,558
209, 246
232,228
257,325
257, 301
285, 067
328, 232
346,095
364, 857
7,838
7, 121
222
495
8,148
7.316
246
586
9,041
8,078
273
690
10, 155
9,162
484
509
10, 866
9, 854
399
613
12, 007
10, 793
360
854
12, 549
11,246
381
922
11, 666
10, 013
407
1,246
14, 118
12, 150
567
1,401
16, 494
14. 290
' 574
1, 630
18, 431
16, 380
518
1, 533
20, 516
18, 042
616
1, 858
23, 469
20, 344
909
2, 216
25, 304
22, 456
677
2,171
27. 226
24,170
K08
2,248
1
2
3
4
5
83, 257
92, 470
116,781
148, 978
181, 647
199, 386
201, 009
197, 580
218, 110
240,831
238, 870
264, 551
304, 763
320, 791
337, 631
G
485
420
102
150
183
652
760
835
-227
-171
-181
204
187
229
-529
7
9, 365
451
1,173
10, 021
431
804
11, 296
502
375
11, 769
495
-830
12, 735
505
-1,720
14, 127
506
2, 766
15, 522
532
4,467
17,3<-9
5n7
932
18, 658
674
1, 383
20, 390
739
-2,110
21, 644
781
71
23, 741
843
215
25, 637
985
1,287
28, 049
999
555
30, 037
1,016
1.047
8
9
10
72, 753
81, 634
104,710
137, 694
170,310
182, 639
181, 248
179, 577
197, 168
221, 641
216, 193
239, 956
277, 041
290, 959
305, 002
11
1,174
1,441
-714
2, 136
0
2, 443
2,834
-200
2.282
0
4,914
7, 610
-2,471
2,784
0
5,178
11,415
-1,204
3, 468
0
5, 996
14, 074
-773
4, 516
209
5, 698
12, 949
-287
5,173
-193
3. 597
10, ('-89
-564
6, 138
14
7, 656
9,111
-5, 2:>3
5, 981
-30
11,721
11, 283
-5, 899
5,683
15
13,011
12, 510
-2, 150
5, 220
30
8, 329
10,411
1,943
5, 737
-45
12, 934
17, 829
—4, 864
6, 870
0
9, W)7
22, 47f>
-1,260
S, 170
105
8, 081
19, 965
981
8, 685
-29
8, 921
21, 144
-964
8, 752
— 76
12
13
14
15
16
1,205
2,512
451
1,291
2,683
431
1,289
2,611
502
1,517
2, 648
495
2, 140
2, 459
505
2, 809
3,082
506
3. °>83
5, >33
532
4, 457
10, 854
557
4,370
11,113
674
4,442
10, 542
739
4, 597
11, 622
781
4,716
14, 304
843
4, S22
11,590
985
4, 876
12, 091
999
5, 040
12, 785
1,016
17
18
19
72, 884
78, 680
96, 275
123, 497
151,392
165, 696
171, 222
177, 990
190,522
208, 743
206, 818
227, 050
255, 340
271,242
286, 066
20
SURVEY OF CURRENT BUSINESS
8
Table 5.—National Income
[Billions of dollarsl
Unadjusted
1950
Line
1951
1952
1953
1952
1951
1950
I
II
III
IV
I
II
IV
III
I
II
III
IV
NATIONAL INCOME BY DISTRIBUTIVE SHARES
240.0
Compensation of employees
Wages and salaries Private
Military
Government civilian
Supplements to wages and salaries _ _
8
9
10
11
Proprietors' and rental income 1
Business and professionalFarm
Rental income of persons
12
Corporate profits and inventory valuation adjustment.
Corporate profits before tax
Corporate profits tax liability. _.
Corporate profits after tax
Inventory valuation adjustment
Net interest
__ _.
Addendum: Compensation of general
government employees.
13
14
15
16
17
18
277.0
291.0
305.0
53.3
58.1
62.7
65.9
65.9
68.9
69.9
72.4
70.2
71.8
72.9
76.0
154.3
146.5
124.3
5.0
17.2
7.8
180.4
170.9
142.1
8.7
20.1
9.5
195.4
185.0
152.2
10.5
22.4
10.4
209.1
198.0
164.5
10.2
23.3
11.1
35.2
33.3
27.9
1.1
37.3
35.3
30.0
1.1
39.7
37.7
32.5
1.2
42.1
40.2
33.9
1.6
42.8
40.4
33.7
1.9
1.9
2.0
2.0
1.9
2.4
44.6
42.1
35. 1
2. 1
4.9
2.5
45.8
43.4
36.2
2.3
4.9
2.4
47.2
44.9
37.0
2.4
5.5
2.3
46.9
44.3
36.2
2.5
5.6
2.6
47.8
45.1
36.9
2.6
5.5
2.7
49.1
46.5
38.5
2.7
5.3
2.6
51.6
49.1,|
40. 6 ^
2.6
5.9
2.5
44.6
22.9
13.3
8.5
1 National income
2
3
4
5
6
7
49.9
24.8
16.0
9.1
49.9
25.7
14.2
10.0
49.0
26.2
12.2
10.6
10.6
5.4
3.1
2.1
10.9
5.6
3.2
2.1
11.4
5.9
3.3
2.1
11.7
5.9
3.6
2.2
12.3
6.3
3.8
2.2
12.3
6.2
3.9
2.2
12.4
6.1
4.0
2.3
12.8
6.2
4.2
2.4
12.4
6.3
3.7
2.4
12.5
6.4
3.6
2.5
12.6
6.4
3.6
2.6
12.5
6.6
3.3
2.6
10.5
9.2
10.2
9.9
10.6
9.1
9.7
9.3
10.0
9.1
4.9
4.2
0
1.8
7.7
9.2
4.9
4.3
.5
1.8
7.8
9.1
4.9
4.2
.2
1.9
7.5
9.8
5.2
4.5
.3
1.9
8.0
35.1
39.9
38.2
38.5
6.1
8.4
10.2
40.0
17.8
22.1
-4.9
5.9
20.8
41.2
22.5
18.7
-1.3
6.8
27.2
37.2
20.0
17.2
1.0
7.4
31.0
39.4
21. 1
18.3
-1.0
8.4
31.4
6.4
2.9
3.5
-.3
1.4
5.1
8.8
3.9
4.9
11.9
5.3
6.6
-1.8
1.5
4.9
285.1
328.2
346.1
364.9
64.1
67.7
194.0
28.6
100.4
65.0
208.3
27.1
111. 1
70.1
218.4
26.8
116.0
75.6
230.1
29.7
118.9
81.4
43.7
5.6
22.3
15.8
47.1
6.7
24.2
16.2
51.2
22.7
12.6
10.1
21.1
7.4
56.9
23.3
11.0
12.4
23.2
10.4
50.7
23.7
11.1
12.6
23.3
3.6
51.4
25.5
11.9
13.6
24.4
1.5
10.7
4.3
2.2
2.1
4.1
2.3
10.9
5.5
3.1
2.4
5.1
.2
14.5
6.8
3.9
2.9
6.0
1.7
l'.5
5.0
12.8
5.7
7.1
-2.3
1.5
5.8
11.3
6.2
5.1
-2.1
1.6
6.3
10.4
5.7
4.7
-.2
1.7
6.7
9.3
5. 1
4.2
.6
1.7
6.9
10.2
5.6
4.6
.4
1.8
7.4
73.5
79.8
77.9
80.6
82.3
87.4
83.1
84.6
85.1
93.3
49.7
8.2
25.2
16.3
53.6
8.1
28.8
16.7
49.8
6.8
25.8
17.2
50.7
6.6
26.6
17.5
50.7
6.3
26.9
17.4
57.1
7.4
31.7
18.0
50.5
5.7
26.3
18.6
53.9
6.8
28.2
18.8
53.2
6.1
28.3
18.8
60.7
8.2
33.1
19.4
15.2
6.1
3.4
2.8
5.9
3.1
16.1
5.2
2.6
2.6
5.9
5.0
14.7
5.9
2.8
3.1
6.1
2.6
14.6
6.4
2.9
3.5
5.4
2.8
11.5
5.8
2.7
3.1
5.8
-.1
14.0
5.0
2.2
2.9
5.9
3.0
10.9
5.9
2.8
3.2
6.4
-1.5
13.0
6.5
3.1
3.4
5.3
1.2
12.8
6.2
3.0
3.2
5.6
.9
4.7
2.3
2.5
-.5
2.7
-1.7
1.1
.9
0
.2
.8
.6
.1
-.6
-.2
GROSS NATIONAL PRODUCT OR
EXPENDITURE
19
Gross national product
20
21
22
23
Personal consumption expenditures
Durable goods
Nondurable goods
Services
..
24
25
26
27
28
29
30
Gross private domestic investment
New construction
Residential nonfarm
. _
Other
Producers' durable equipment _
Change in business inventories,
total.
Nonfarm only
31
Net foreign investment _
32
Government purchases of goods and
services.
Federal
National security
National defense
__
Other national security
Other
Less: Government sales
State and local
33
34
35
36
37
38
39
6.4
9.0
3.0
-2.2
.2
—.2
42.0
62.8
77.2
22.1
18.5
14.3
4.3
3.9
.3
19.9
41.0
37.3
33.9
3.4
4.2
.4
21.8
54.0
48.5
46.1
2.4
5.8
.4
23.2
2.2
2.3
0
1.4
2.8
—.4
-.4
-.8
-.6
85.2
10.1
10.1
10.2
11.6
12.7
15.2
16.9
18.0
18.1
19.6
19.4
20.0
60.1
52.0
50.0
2.0
8.5
.4
25.1
5.5
4.2
3.2
1.1
1.3
.1
4.6
5.2
4.3
3.0
1.3
.9
.1
5.0
5.2
4.4
3.5
.9
.8
.1
5.0
6.3
5.5
4.6
1.0
.8
.1
5.3
7.7
6.9
6.0
.8
.9
.1
5.0
9.7
8.8
7.9
.9
1.0
.1
5.5
11.3
10.4
9.6
.8
1.1
.1
5.6
12.3
11.2
10.4
.9
1.2
.1
5.7
12.7
11.6
11.0
.6
1.3
.1
5.3
13.8
12.5
11.8
.7
1.4
.1
5.9
13.5
12.0
11.2
.7
1.7
.1
5.9
13.9
12.5
12.0
.5
1.5
.1
6.1
61.3
60.7
63.1
64.1
67.4
64.9
66.7
68.1
71.6
6.6
5.9
.7
57.4
50.7
6.8
6.0
5.3
.6
61.5
57.1
4.3
12.2
11.2
.9
52.7
50.5
2.2
7.3
6.4
.8
59.4
53.9
5.5
8.0
7.3
.8
60.0
53. 2
6.8
6.9
6.2
.7
64.7
60.7
4.0
-1.9
DISPOSITION OF PERSONAL
INCOME
40
Personal income
227.1
255.3
271.2
286.1
53.9
54.9
57.0
41
42
43
44
45
46
Less: Personal tax and nontax payments— . 20.9
18.2
Federal
_
_.
2.7
State and local _
Equals: Disposable personal income
206.1
Less: Personal consumption expenditures.. 194.0
Equals: Personal saving
12.1
29.3
26.3
3.0
226.1
208.3
17.7
34.4
31.1
3.2
236.9
218.4
18.4
36.0
32.5
3.5
250.1
230.1
20.0
7.1
6.3
.8
46.8
43.7
3.1
4.0
3.3
.7
50.9
47.1
3.8
4.9
4.3
.7
52.0
49.7
2.4
4.9
4.3
.6
56.4
53.6
2.8
10.7
9.8
.9
50.0
49.8
.1
5.9
5.1
.8
57.2
50.7
6.5
RELATION OF GROSS NATIONAL
PRODUCT, NATIONAL INCOME,
AND PERSONAL. INCOME
47
Gross national product.
..
285.1
328.2
346.1
364.9
64.1
67.7
73.5
79.8
77.9
80.6
82.3
87.4
83.1
84.6
85.1
93.3
48
49
Less: Capital consumption allowances
Indirect business tax and nontax
liability.
Business transfer payments
_
Statistical discrepancy _ _
Plus: Subsidies less current surplus of
government enterprises.
20.5
23.7
23.5
25.6
25.3
28.0
27.2
30.0
4.9
5.4
5.1
5.8
5.2
6.4
5.3
6.2
5.6
6.3
5.8
6.2
6.0
6.4
6.1
6.7
6.1
6.6
6.3
6.9
6.4
7.2
6.5
7.4
.8
.2
.2
1.0
1.3
.2
1.0
.6
-.2
1.0
1.0
-.5
.2
.3
0
.2
—1.2
.2
.2
— 1.1
0
.2
2.2
0
.2
0
.1
.2
-.4
.2
.2
-.2
_ i
.2
1.9
0
.2
-.1
0
.3
-.7
0
.3
-1.6
-.1
.3
3.0
-.1
240.0
277.0
291.0
305.0
53.3
58.1^
62.7
65.9
65.9
68.9
69.9
72.4
70.2
71.8
72.9
76.0
35.1
39.9
38.2
38.5
6.1
8.4
10.2
10.5
9.2
10.2
9.9
10.6
9.1
9.7
9.3
10.0
6.9
0
8.2
.1
8.7
0
8.8
-.1
1.8
0
1.8
0
1.7
0
1.6
0
2.2
.1
2.2
0
2.0
.2
1.8
-.1
2.5
0
2.2
0
2.1
-.1
1.9
0
14.3
4.7
9.2
.8
11.6
4.8
9.1
1.0
12.1
4.9
9.1
1.0
12.8
5.0
9.4
1.0
5.3
1.1
1.9
.2
3.6
1.4
1.9
.2
2.7
1.0
2.2
.2
2.8
1.2
3.3
.2
2.9
1.0
2.0
.2
2.9
1.4
2.1
.2
2.9
1.0
2.1
.2
2.9
1.3
2.8
.2
2.9
1.0
2.1
.2
3.0
1.4
2.2
.3
3.1
1.1
2.1
.3
3.1
1.4
2.8
.3
227.1
255.3
271.2
286.1
53.9
54.9
57.0
61.3
60.7
63.1
64.1
67.4
64.9
66.7
68.1
71.6
50
51
52
53
Equals: National income
54
57
58
59
60
Less: Corporate profits and inventory
valuation adjustment.
Contributions for social insurance, ._
Excess of wage accruals over dis
bursements.
Plus: Government transfer payments
Net interest paid by government
Dividends
Business transfer payments
61
Equals: Personal income
55
56
.
1. Includes noncorporate inventory valuation adjustment.
SURVEY OF CURRENT BUSINESS
and Product, 1950-53
[Billions of dollars]
Seasonally Adjusted at Annual Rates
Unadjusted— Continued
1953
I
II
75.4
77.2
76.9
75.6
50.9
48.0
39.6
2.6
5.8
2.9
52.2
49.4
40.9
2.6
5.8
2.9
52.9
50.1
42.1
2.6
5.5
2.7
53.1
50.5
41.9
2.5
6.1
2.6
12.6
6.6
3.3
2.6
12.2
6.6
3.0
2.6
12.0
6.5
2 8
2! 6
12.3
6.5
3.1
2.7
III
IV
I
1952
1951
1950
II
III
IV
218.9
232. 2
249.9
258.8
143.0
135.7
114.7
4.4
16.6
7.3
149.8
142.2
121.0
4.3
16.9
7.5
158.5
150.5
128.1
4.9
17.5
8.0
166. 1
157.7
133.4
6.3
18.0
8.4
42.4
21.6
12.4
8.4
43.8
22.5
13.0
8.4
45.4
23.7
13.2
8.5
I
II
III
IV
268.9
275.8
278.4
173.7
164.5
138.2
7.4
19.0
9.2
179.5
170.0
141.9
8.5
19.6
9.5
182.7
173.1
143.0
9.2
20.9
9.6
46.9
23.6
14.5
8.7
49.3
25.2
15.3
8.9
49.4
24.7
15.7
9.0
49.8
24.4
16.1
9.2
1 953
I
IT
HI
IV
III
IV
287.2
290. 3
300. 1
305.9
308.2
306. 2
299. 9
1
192.1
181.9
149.2
10.6
22.2
10.2
196.1
185. 5
152.3
10.7
22.6
10.5
203. 2
192.4
159.1
10.4
22.9
10.8
206. 2
195.3
162.0
10.3
23.1
10.9
210. 0
198.9
165.3
10.4
23.2
11. 1
211.4 i
200.3
166.7
10.2
23.4
11. 1
208.8
197.6 i
164. 1 j1
9. 9
23. 5
11.2
2
3
4
5
(i
7
49.5
25.1
14.8
9.6
50.1
25.7
14.5
10.0
50.3
25.8
14.3
10.2
49.8
26.4
13.2
10.2
50.3
26.5
13.4
10.5
48.9
26.3
12.1
10. 5
47.8
26.1
11.1
10.6
49.1
25. 9
12.3
10.8
8
9
10
11
I
II
285.1
286.1
185.8
175.9
145.1
9.7
21.0
9.9
190.1
180.2
148.2
10.2
21.8
10.0
51.3
24.8
17.0
9.5
Lino
10.0
8.0
27.8
32.8
40.0
39.7
39.5
40.2
39.0
41.0
39.3
37.5
36. 5
39.4
41.4
41.0
38.3
33.1
12
10.5
5.7
4.9
-.7
2.2
7.5
7.8
4.2
3.6
.2
2.2
8.0
29.1
13.0
16.1
-1.3
5.7
19.7
34.7
15.5
19.2
-1.9
5.8
19.8
47.1
21.0
26.1
-7.1
6.0
20.9
48.9
21.8
27.1
-9.2
6.1
22.8
47.9
26.2
21.8
-8.4
6.4
25.0
41.0
22.4
18.6
-.8
6.7
26.7
36.5
19.9
16.6
2.5
6.9
28.3
39.2
21.4
17.8
1.7
7.1
29.0
39.1
21.0
18.1
.1
7.2
30.1
35.5
19.0
16.4
2.1
7.4
30.9
35.8
19.2
16. 6
.7!
7.5
31. 4
38.3
20. 6
17.7
1.1
7.6
31.5
42.4
22.7
19.7
-.9
7.9
31.4
41.9
22.5
19.5
-.9
8.3
31.6
40.9
21.9
19.0
-2.6
8.6
31.5
32. 5
17.4
15.1
. (i
8.9
31.3
13
14
15
If.
17
18
91.5
91.1
93.8
275. 9
294.4
305.0
319.3
326.1
331.3
336.3
340.3
341.4
344.2
358. 5
361. 8
369.9
367.2
360. 5
54.4
6.8
27.6
20.0
57.4
7.7
29.3
20.4
56. 7
7.4
28.9
20.3
61.6
7.8
33.1
20.7
189. 1
26.4
98.3
64.5
202.9
33.2
103.9
65.8
198.8
29.2
102.7
67.0
210.0
30. 6
111.1
68.3
204.4
26.2
109.1
69.3
207.3
26. 2
110.5
70.7
211.6
25.8
113.5
72.2
213 5
25.8
114.2
73.5
216.7
27.0
114.9
74.8
218.2
25.4
116. 6
76. 2
225.3
29.1
118.4
77.8
228.6
30.4
118.8
79.4
230. 8
30.3
119.6
80. 9
231.2
30.3
118. 6
82.3
14.3
5.4
2.4
2.9
6.0
2.9
12.8
6.5
3.1
3.4
6.5
-- 1
13.6
7.1
3.3
3.7
6.0
.5
10.7
6.6
3.1
3.5
6.0
-1.8
39.9
20.7
11.2
9. 5 !
16.6 \
2.5
49.0
22.0
12.4
9. 6
19.6
7.3
53.4
24.1
13.7
10.4
24.4
4.8
62.6
24.1
13.1
11.0
23.8
14.7
59.6
24.0
12.1
11.8
23.8
11.8
62.2
23.5
10.9
12.6
23.1
15.5
55.4
23.1
10.4
12.7
22.5
9.9
50.3
22.7
10.5
12.3
23.3
4.2
50.7
23.3
10.5
12.8
24.0
3.4
47.2
23.7
10.9
12.7
24.5
50.2
23.7
11.3
12.4
22.0
4.6
54. 4
24.2
11. 6
12.6
22.8
7.5
3.1
.1
.8
-1.7
2.6
6.3
3.5
13.3
10.4
14.1
8.4
2.8
2.1
4.0
7.5
3.3
6.2
2.9
-3. 7
-.5
-.6
—.7
-.1
-1.5
-2.5
-2.4
-2.5
-1.1
1.7
2.8
2.3
_. 7
-1.5
-.8
— 1.8
-3.3
— 1.8
-. 6
20.3
21.8
21.5
21.6
41.3
40.1
40.7
46.0
52.2
60.5
66.9
71. 6
73.7
78.1
77.3
79. 6
83. 0
86. ('.
85. 4
86. 0
32
14.5
12.7
12.2
.6
1.9
.1
5.8
15.5
13.6
13.0
.6
2. 1
.1
6.2
15.1
13.1
12.6
.4
2.1
.1
6.4
15.0
12.6
12.2
.5
2.4
.1
6.7
21.9
17.0
12.6
4.3
5.2
.3
19.4
20.7
17.2
12.2
5.1
3.8
.2
19.4
20.7
17.8
14.0
3.7
3.2
.2
20.0
25.1
22.1
18.2
3.9
3.3
.3
20.8
30. 6
27.4
24.1
3.3
3.5
.3
21.6
38.8
35. 2
31.5
3.7
3.9
.3
21.8
45.2
41.4
38.3
3.1
4.4
.6
21.7
49.4
45.0
41.5
3.5
4.9
.5
22.2
50.9
46.2
44.0
2.2
5.1
.4
22.8
55. 1
50. 0
47.3
2.7
5.5
.4
23.0
54.1
47.8
45.0
2.8
6.6
.3
23.1
55.7
50. 0
48.1
1.9
6.0
.3
23.9
58.1
51.0
48.7
2.2
7.7
.5
24.9
62. 2
54. 3
52. 0
2.3
8.3
.4
24.4
60. 3
52. 3
50. 6
1.7
8. 4
.4 i
2o. 1 |
59. 8
50. 6
48. 7
1.9
9. 6
.3
20. 2
33
34
35
36
37
38
39
69.6
71.5
71.6
73.4
218.5
220.7
229.2
239.8
247.1
253.7
257.1
263.4
264.7
267.8
272.8
279.4
283.3
286. 4
287.5
287. 3
40
12.7
11.7
1.0
56.9
54.4
2. 5
7.2
6.3
.9
64.3
57.4
6.8
8.8
8.0
.8
62.8
56.7
6.2
7.3
6.5
.8
66.1
61.6
4.5
19.4
16.7
2.7
199.1
185.2
13.9
20.0
17.3
2.7
200.7
189.1
11.6
20.7
17.9
2.8
208.5
202.9
5.6
23.6
20.8
2.8
216.2
198.8
17.4
28.4
25. 5
2.9
218.7
210. 0
8.6
28.9
25.9
3.0
224.8
204.4
20.3
29.2
26.2
3.0
227.9
207. 3
20.6
30.6
27.5
3.0
232.8
211.6
21.3
34.0
30.8
3.2
230.7
213.5
17.2
34.0
30.8
3.2
233.8
216. 7
17.1
34.5
35.0
31.3 1 31.7
3.3
3.3
244. 4
238.3
218.2
225.3
20.2
19.1
35.5
32.1
3.4
247.8
228. 6
19.2
35. 9
32.5
3.5
250. 4
230. 8
19. ('•
36. 3
32.8
3. 5
251. 2
231.2
20. 0
36. 1
32. 6
3.6
251. 2
229. 7
21. 5
41
42
43
44
45
46
88.5
91.5
91.1
93.8
264.9
275.9
294.4
305.0
319.3
326.1
331.3
336. 3
340. 3
341.4
344. 2
358.5
361.8
369.9
367.2
360.5
6.6
7.2
6.8
7.5
6.8
7.6
7.0
7.7
19.6
22.3
20.2
23.3
20.9
25.2
21.3
24.2
22.5
25.9
23.1
25.0
23.8
25.4
24.5
26.3
24. 5
27.0 1
25. 2
28.0 !
25. 5 !
28. 3 !
2(5. 0
28.8
26.2
29.4
27.4
30.2
i
27. 4 i
30. 1 |
27. 9
30. 3
.3
-1.0
-.1
.3
-.4
--1
.3
-.6
-. 1
.3
3.1
-.2
.8
3.6
.2
.8
0
.6
.8
—2.6
-.2
.9
0
.2
1.0
1.5
.3
1.0
1.8
.6
1.0
2. 6
-.1
1.0
-.7
-.1
1.0
1.3
-.2
1.0
0
0
1.0 1
-1.2 !
-.2 j
1.0
2.2
-.4
1. 0
-1.2
—.4
1. 0
2.6
—.6
1.0
2.7
-.4
1.0
.6 i
-.8
75.4
i
9.9
10.9
5.8
5.0
-.2
2.1
8.0
88.5
v
10.6
10.2
5.5
4.7
-.2
2.0
7.9
77.2
76.9
75.6
218.9
232.2
249.9
258.8
268.9
275. 8
278.4
285.1
286.1
287.2
300.1
305.9
308.2
10. 0
10. 6
9.9
8.0
27.8
32.8
40.0
39.7
39.5
40.2
39.0
41.0
39.3
37. 5
2. 6
0
2.3
0
2. I
0
1.8
0
6.6
0
6.7
0
6.9
0
7.3
0
8.1
.2
8.2
-.1
8. t
.8
8. 3
-.6
8.5
.1
8.6
0
3.2
1.1
2. 2
.3
3.2
1.6
2. 2
.3
3. 3
1.3
2. 7
.3
20.6
4.7
7.9
.8
14.2
4.7
8.3
.8
11.1
4.7
9.5
.8
11.3
4.8
11. 1
.9
11.3
4.8
9.0
1.0
11.6
4.8
8.9
1.0
11. 7
4.8
9. 1 !
1.0
11. 7
4.8
9. 4
1.0
11.5 I
4.9
9. 1 1
1.0
11.8
4.9
9. 1
1.0
69.6
71.5
3. 1 i
1.0
2. 2
.3 |
i
71. 6
73. 4
218. 5
220.7
229. 2
239. 8
247. 1
253.7
264.9
185. 2
25.7
96.7
62.8
-2.3
i
257.1
263.4
Q
-1.8
I
264.7
!
267.8
290.3
51.9
25. 0
11.7
13. 3
24.1
2.8 !
55.9
25.9
12.2
13.7
24.6
5.4
19
229.7
28.0
118. 7
83.0
!
' i
52. 4 | 45. 5 1
25.6 ! 25.7
12. 1
11. 7
13. 5
13.9
24. 8
24. 0
2.0
-4.2 I
i
20
21
22
23
24
25
26
27
28
29
30
j
31
47
!
306.2 j 299.9
48
49
50
51
52
53
i
39. 4
41. 4 j
41.0
38. 3 I
33. 1
8.9
0
8.8
0
8.9
—.1
8. 7 !
-. 1
8. 6 !
-. 1 |
55
56
12.5
4.9
9. 1
1.0
i
36. 5 i
i
8. 7 ;
-.3 ]
12.6
4.9
9. 1
1.0
12.6
4.9
9. 1 1
1.0
12.6
5.0
9. 3
1.0
12.6 !
5.\ \
9. 5 i
1.0
13. 3 ;
5. 2 i
U. (i l
1.0 i
57
58
59
60
:
i
i
!
272.8 i 279.4
1
283.3
286.4 i 287.5
i
287.3
54
61
Postwar Balance of Payments i: 1946-49
FOREIGN COUNTRIES SPENT IN THE U. S. FOR ...
U. S. exports of goods and services (excluding
military transfers under aid programs)
repayment of loans and unrecorded transactions
THEY OBTAINED DOLLARS FROM THE U.S. THROUGH . . .
U. S. imports of goods and services
U. S. private capital (excluding
repayment of loans) and
private remittances
$23.4
U. S. Government grants, loans, changes in
short-term assets abroad,and disbursements
of Government-subscribed funds by the
International Bank and Monetary Fund
billion
THIS LEFT A DOLLAR DEFICIT ..
which foreign countries met by drawing
on their own gold and dollar assets
Balance of Payments
of the United States
1919-1953
_L HE Balance of Payments data in the following pages
present an account of the international transactions of the
United States since 1919 and some approximations for earlier
periods. For the years beginning with 1919 the data were
prepared in the Department of Commerce. Progressively,
with the improvement of the methods of estimation, more
detailed information was made available—first in the form
of additional detail for the individual items, and later through
provision of data by quarters and by areas. The figures for
the years 1946 to 1953 incorporate some revisions of data
previously prepared for these years.
Utility of the data
Balance of Payments statements provide basic data for
the measurement and analysis of changes in a country's
international assets and liabilities. They show the sources
)f the funds used to make payments to foreign countries,
and the disposition of the funds received from abroad.
They also provide the starting point for an analysis of a
country's ability to balance its demand for foreign exchange
with the foreign assets accruing to it.
Balance of Payments statistics are now prepared by nearly
all countries of the world and are one of the basic sets of
information required in the conduct of international economic
policies.
The Balance of Payments of the United States has an
additional significance, however. During the postwar period
it has been frequently used as a yardstick in measuring the
progress achieved by other countries in balancing their
dollar expenditures through dollar receipts from the sale of
their products and from their ability to attract private
investments.
The postwar period in perspective
The two charts indicate this progress from the first to the
second half of the postwar period.
During the first four years, dollar receipts of foreign couniries from sales to the United States-—together with private
investments and remittances—-covered only about half of
the dollar funds used for purchases of goods and services,
amortization of debts and unaccounted-for expenditures.
Although grants and loans from the United States Government and international institutions provided $23.4 billion,
foreign countries had to draw down their gold and dollar
assets by $7.1 billion to meet the other half ol their expenditures.
NOTE.—Reprints of this entire Balance of Payments section will shortly be available from
the Superintendent of Documents and Commerce Field Offices for use in conjunction with
the 1949-51 Balance of Payments supplement to the SURVEY OF CURRENT BUSINESS.
During the next four years, foreign countries met about
92 percent of their payments to the United States with funds
obtained through sales or private investments and remittances. The equivalent of a large portion of Government
grants and loans (omitting transfers of military supplies and
services) could, therefore, be used to strengthen foreign
reserves by an amount which exceeded the loss during the
first four postwar years.
The improvement in the economy of foreign countries
appears even more clearly from an examination of the trends
within the last 4 year period. The outbreak of hostilities in.
Korea temporarily disrupted progress toward a new equilibrium in international transactions. For a short period,
from the middle of 1951 through the first quarter of 1952,
foreign countries again had to draw upon then* reserves.
By 1953, however, net payments by the United States were
well over $2 billion, and foreign expenditures here were
almost completely covered by foreign dollar receipts other
t h a n United States Government grants and loans.
This virtual equilibrium in the international transactions
between the United States and foreign countries was achieved
mainly by limiting credit expansion abroad to current
production, and by a rise in production itself, while business
activity here continued to expand in accordance with the
available resources. These factors were an essential condition for the rise in United States imports. At the same
time foreign countries were able to reduce their purchases
in the United States without lowering the total supply of
goods and services available to them.
Some factors influencing trends
Placing the balance of payments data for the postwar
years next to those for earlier periods makes it easier to view
the more recent developments in a longer prospective,
The postwar developments point to a number of major
changes. One of the more important of these is undoubtedly
the very much greater volume of transactions accounted for
by governments, both here and abroad, than before the war.
Thus, changes in international transactions have to a much
greater extent reflected political developments and decisions.
Closely connected with the expanded role of the Government are the large intergovernmental grants and contributions to international organizations.
If an area breakdown of the balance of payments for
prewar years were available, it would probably disclose a
very sharp rise since the war in the proportion of transactions conducted with Western Hemisphere countries, and
a corresponding decline in transactions with Europe and the
Far East,
(Continued on p. 36)
n
12
SURVEY OF CURRENT BUSINESS
Methodological Notes
A detailed explanation of the definitions and methods used
in setting up a balance of payments statement—and of the
sources of the individual data themselves—has been published in the 1949-51 Balance of Payments supplement to the
SURVEY OF CURRENT BUSINESS, which also contains facsimiles of the questionnaires used in collecting the data for
the estimates.
The major revisions since the completion of that volume in
the spring of 1952 have resulted from a new census of direct
United States investments in foreign countries, taken in
1950, and from new compulsory questionnaires to foreign
ship and plane operators.
The following items were affected by the revisions. (Page
references are to the 1949-51 Balance of Payments supplement.)
Miscellaneous Services (p. 58, col. 1). A new benchmark
for motion picture rental receipts was obtained from the 1950
census of direct investments abroad. These benchmark
data were used to correct earlier estimates for 1946-49 and
were extrapolated forward through 195;], largely on the basis
of quarterly reports covering about three-fourths of the
total receipts.
Income on Investments (p. 80, col. 2). A new benchmark
for income receipts from direct investments was obtained for
1950 from the census of direct investments abroad. On
the basis of this benchmark the estimates for 1946-52 were
revised in detail, and estimates for 1953 were based on the
improved relationship between the sample and the total of
such investments. The sample of about 350 companies
reporting their income receipts from abroad on quarterly
questionnaires covers over 70 percent of direct-investment
income receipts, and new respondents are being added
where the 1950 census showed inadequate coverage in
certain industries or countries. Prior to the new census
benchmark the estimates of income receipts were in effect
linked back to a 1942 benchmark.
Direct Investments (p. 94)- The estimates of direct-investment capital movements have also been revised for the 194653 period on the basis of the benchmark data obtained in
the 1950 census. The new data made it possible to estimate
capital outflows for 1946 through 1950 for some companies
which entered the foreign investment field during that period
as well as for some established companies for which adequate
data were not available. It is not possible to expand capital movements from sample data, as is done for income
receipts and payments.
One major change in methodology is the inclusion of
exploration and development costs of extractive enterprises
as a charge against income receipts rather than a capital
outflow from the United States. Thus the revised net capital
outflows for 1946-52 were lowered by the amount of these
charges and income receipts were also reduced by the same
amount. The change affects only the costs of enterprises
not yet in production since similar costs of established enterprises are not shown separately on the questionnaires.
Portfolio Investments (p. 99, col. 2). With respect to
United States portfolio investments abroad, a change in
method has been adopted to include in the outflow of United
States portfolio capital a large loan extended by United
States financial institutions to a foreign-owned United
States corporation for the purpose of developing foreign
properties. Previously the funds were included as withdrawals of foreign direct-investment capital from the United
States.
Transportation (p. 37—Payments to foreign operators and
p. 39—Port expenditure receipts from foreign operators).
The revisions in the transportation account are based prin-
cipally upon the returns from compulsory questionnaires
directed to foreign vessel and airline operators. These questionnaires were inaugurated in 1951 to replace the previous
method of estimating foreign operators' earnings on imports
and their expenses in the United States.
With some exceptions, for which allowances were made,
the 1951 questionnaires covered all foreign operators in
United States trade. The data obtained were used to revise
the series for foreign earnings on imports and expenses in th p
United States back to 1946. For earnings on imports-,
averages for earnings per ton were obtained for 1951 in the
liner, tramp and tanker categories. The averages were then
adjusted in each year for liners on the basis of the changes in
the freight rates as filed with the Maritime Administration,
and for tramp and tanker on the basis of data published in
trade journals. These averages were applied to the tonnages
car lied.
A similar procedure was used to revise the port expenditures estimates. Average costs in port per ton were adjusted
in each year by changes in stevedoring costs and fuel costs
A separate adjustment was made for the costs of large
passenger-carrying liner vessels on the basis of the number
of passengers carried and on the number of voyages into the
United States.
The questionnaire returns of foreign airline operators in
1951 were similarly used as a benchmark for revising their
import freight earnings and expenses in the United State?
back to 1946. This was done by utilizing the num.ber ol
their flights into the United States as a measure of the changes
by year.
Unilateral Transfers—Government (p. 76). The only othe:
major adjustment was made in United States Government
grants which have been raised for the early postwar years to
include additional commodities transferred from military
stocks located overseas. The corresponding entries were
made in merchandise exports. With these revisions the
figures on Government grants correspond—except for relatively small differences in timing and coverage—to those
currently published in special bulletins and articles on foreign
grants and loans. The differences in coverage for grants
apply primarily to expenditures by the Department of Defense for common use installations abroad which in the balance of payments are included in military expenditures.
Military transactions. Changes in the stub of the balance
of payments are basically limited to the combination ol
military expenditures for merchandise and services into a
single item. These expenditures include expenditures by
military personnel in the foreign economies, as well as expenditures by the armed forces themselves, both for use
abroad and for import. Included with expenditures are
purchases of equipment for transfer under military aid programs (" Off shore procurement"). This operation is divided
into two phases, the first being the purchase of the good,
offset by an increase in foreign dollar assets, the second the
export of the goods, offset by an equivalent entry under unilateral transfers. Transactions in Japanese yen obtained
without charge from the Japanese Government since the
second quarter of 1952 were excluded from the balance ol
payments, both on the receipt and payment side. These
transactions replaced direct payments by the Japanese
Government for certain goods and services required by the
United States armed forces which also were not included in
the United States balance of payments.
Military supplies and services transferred under aid programs include loans and returns of military equipment. Returns are deducted from exports.
Postwar Balance of Payments 2*. 1950-53
FOREIGN COUNTRIES SPENT IN THE U. S. FOR ...
U. S. exports of goods and services (excluding
military transfers under aid programs)
repayment of loans and unrecorded transactions
THEY OBTAINED DOLLARS FROM THE U.S. THROUGH.
U. S. imports of goods and services
U. S. private capital (excluding repayment
of loans) and private remittances
U. S. Government grants, loans, and changes in
short-term assets abroad
THIS PROVIDED A DOLLAR SURPLUS..
which was added to foreign gold and dollar assets
SURVEY OF CURRENT BUSINESS
14
Table 1.-—Balance of Payments 1850-1918
[Millions of dollars]
1
3
4
6
8
10
13
12
13
14
15
16
17
18
19
20
21
22
23
24
1896- J u l v l ,
1914
1914Dec.
31, 1918
(F iscal ye;
185073
Item
Line
6, 381
6, 348
5,911
6,456
1
|
i
7,034! 5,448
6,842
i
:
!
i
' 1931
3,641
;
:
6,842! 7,034| 5,448
5, 249 5, 347 3, 929
3,641
2, 494
5,487
4, 259
5,9il
4, 741
6, 348
5,011
6, 381
4,922
6,456
4. 982
302
71
315
77
318
83
370
110
360.
114
372
121
390
139
325
129
247
94
15
16
8
16
9
17
i
19J
20!
19
71
18i
25
15
457
347
219! 255
164! 16!
454
298
160
446
347
160
429!
392i
160
474 :
448
158
467
515
157
373:
503!
164;
180
494
92
4,661! 4,569
5, 272
5, 564
5,392
5,475
5,896
4,426 ! 3,137
Merchandise, adjusted (excl. military expendi8, 125 14,738 22, 866 11.166
tures) .
Transportation:
Freight
727 1.298
708
} 446
Other
._
>
Travel
576
770 3 °30
Miscellaneous services:
Private i
570 n. a.
(3)
Government (excl. military expenditures) .. n. a. n. a.
n. a.
1, 018
Militurv expenditure?
Income on investments:
Private
540
} 904 1,870 3, 800
Government
.
3, 995
5, 384
2, 572
3 184
3, S6f
3,684
4.291
4, 500
4,240
4,159
4,463
3, 104
2, 120
818
123
848
190J
334J
200!
341
243
332;
260
361
303
391
347
415
372
417!
400
460'
448
509
483
477!
463!
360
341
60;
91 !
-- .
-2, 758
-707
1,781
10,771
82
23!
69j
7
66
10
71
73
77
22l'
73;
52 1
81!
22 ;
89
87
90
120
105
105
130
140
170
200
240
275
330
295
220
4, 867
-440 -2, 850
— 711
-634
2. 121!
989
326
1, 342
1, 076
1,367 1,138
1,022!
504
- 341
-319
-355
-392
-372
-348!
-355
—332
—307
-450
--314;
-32*
-339
-373
-361
-355
-34fi: -343! -306!
-279
1
-19
— 44
-11
684
445
i
3, 824
2,844
l,6l:i
1,064
-367
645
477
987
7!
|
-9!
i
-24,
1
716
1,012;
771!
690
19?
|
-1,000 -9,276 -2, 497
.
-729
-374 -966
-890
-1,000 -1,591
-588! -822 -465 -994
- 1 54 — 111 -153 —148 —182
— fifjfj —317 -823
— 500 -567
285'
1^4!
82
120
581
-483 -19", -137! ( 4 )
(4)
n a ' n a '
— S2 —109
n a
-917
-268
-824
221
-169
-1,000 -1,520
n a
...
...
Long-term investments in the U. S.;
Direct and portfolio other than United
States Government securities 4
Transactions in United States Government
securities
Short-term liabilities to foreign banks and
official institutions
Other short-term liabilities
817
— •ri
_•><!
1-.)
;
-508;
3, 52?
-711 -1,04:)
330
— 7,685 -2,328
j
-2,397
. .. -i
.
j. -7.68'69
1,009
1,000
2,000 -1,797
1,000
Foreign capital, net, [outflow of funds (— )], total
1.000
2,000
\
— i , x?;
76
48
Gold gales [purchases (— )]
1, 098
49
Foreign capital and gold, total
2, 098
50
Errors and omissions _
330
-215
11
H
-174 -1,011
166
-49
112
35
248
-558J
-791J
^-46
-827 -1,290 -1,492' -798 -478i
777
1
|
-857 -1,3361-1, 54ll -836
-351
-351 1 -558! -602i
-921 -1,1141-1,019' -415! -775^ -190
285!
361:
27F,
300
2"7
296
155
405
2 ::3
193!
-94
105!
62S
—36 -349: -231; -200 -191
68
2, 057 -1,278 -1,905
28
27
30
46j
49!
38
77!
21
47:
32
91;
28
2^
30
46
49!
50
77;
21
7
387
413
241
550
884 |
-4
— 278
-210
91 :j
-4|
*i a
31!
7
»338J
30^
-17:
-175
— 239
64
-215
1,112 1,826 -2,841
n. a. Not available.
n. s. s. Not shown separately.
x Less than $500,000.
1. Private miscellaneous services for the years 1919-39 include some merchandise adjustments
and represent net receipts or payments.
2. Capital movements and income on direct investments for the years 1919-29 include reinvested earnings of subsidiaries.
1 30
-440 —2,850
United States capita!, net, [outflow of funds (— )j,
total
.
140!
71
330
Balance on goods, services, and unilateral transfers
(net icreign investment)
-2,428 -1,147 -1,069 10, 06!
Government, net, total
Long-term capital, outflow
Repayments
Short-term, net
- ...
47
5,487
i 1928 i 19291930
3 965
39
40
41
42
46
4 954
1927
3, 384
Private, net, total
Direct investments net 2
New issues
Redemptions .._ . _
Other long-term, net
Short-term net
45
5, 505
1926
1925
6, 742
33
34
35
36
37
38
44
1923 1924
5, 909
Unilateral transfers, net, [to foreign countries (— )],
total.
Private remittances
. .
Government:
Militarv supplies and services
Other grants
Pensions and other transit"*"
43
19 22
10,051 18, 086 31, 193 14,022
Imports of goods and services, total
Balance on goods and services. .
32
1921
1920
Military transfers under aid programs, total. ._
Supplies
i
Services, including freight
,
!
Other goods and services, total _ _
.. 7, 293 17, 379 32, 974 24, 793 10,776 10, 264 5, 505 4 954
6, 650 17, 231 32, 128 22, 974 8,891 8,481 4, 586 3 929
M erchandise, adjusted
Transportation:
Freight
919 1,109 1,119
148
86
} 643
286j
Other
Travel
67
76J
61
56
Miscellaneous services:
Private i ..
_
_
Government
Ij
4
1
8
Income on investment: 2
452:
20X:
351!
Direct investments
433
640 f
n. a.
760
193;
136! 197!
Other private
_ J n . a.
Government
260
175
126J
Si
40
26
31
1919
7, 293 17,379 32, 974 24, 793 10,776 10, 264
Exports of goods and services, total
25
28
29
30
187495
n
a
-735
-739
-316
—r
185
5
301
95
-50 1
463!
358'
99N
-60
455
934;
-117;
196
-269i -315^ -256
;
i
-262!
72! 157
100
-93
113J
238
341
457
997J
584;
-135
-75
-423
n
1
5
346! 554 j
n
i
408!
4Q 1
-175: -178
-143'
411
-104; -384
-222-1,199
66
66
-288; -1,265
-310j
133
-532-1,066
320 i
92
3. Combined with remittances.
4. ! );• U!. on movements of foreign direct investment, capital are available only since 1940.
5. Transactions in securities for the years 1923-25 cannot be separated between domestic and
foreign securities. The combined data are included in movement of foreign capital.
6. The figure for foreign long-term capital for 1933 includes a net outflow of $40 million and
BALANCE OF PAYMENTS 1919-53—REVISED SERIES
15
by periods and 1919—53 by years
[Millions of dollars]
j
1
1932
1933
1934
1930
1935
1937 ! IU38 ! 1939 1 1940
j
1942
1941
1943
1945
1944
j
!
1948 i 1949
1947
1940
i
!
1950
1951
i
1952
!
2,474
2,402
2,975
3,265
3, 539
4, 553
4, 336
5, ,355
4,432
11,769
6.896
i
n. s. s. n. s. s.
1
21, 438
19, 134
n. s. s. n. s. s. n. s s.
I
2,402
1,730
2,975
2,238
3, 265
2,404
3, 359
2, 590
1711
05|
108
00!
133
81
139
101
158J
117
230
135
207
130|
31 1
13
38 i
17
07
19
82
87
130
93
18
18
18
18
85
375
07
105?
3l2i
20
200
237
320
201
C1)
380
187
2
410
100
1
440
143
2
2,079.
2,056;
2,384
3, 157
3, 455
4/268
3,056J
3,377
1.313
1,510
1,703
2,462
2,546
3,181
2, 109
I
2,173
|
255 i
i
259
154
199
i
196
218
i
87
78
135|
4,336
3,243
4,432!
3,347!
5,355
4,124
6,896
5, 343
402
95
562
70
089
82
1, 110
84
1,306
117
1,308 / 1,098
\ 285
162
257
77
29|
!(
5)
20
210
107
334
903
380
1.936
383
2, 090
453
1,288
400|
139
2i
413
148
3
400 1
135
91
358
138
IS
308
129
12
418
138
17
3,636
4,486
5,356
2. 098
3, 410
3, 499
343
212
203
155
247
297
306
348 j
303
303
367
290
334
190
89
95
78!
77 1
81
95
48
!
72!
155
135
295
200
230 {
395
346
591
108
84
285!
1, 280
1, 955
-226;
-196
-162
-162
-177
-223
- 171
167
-217
-191
-162
-102
— 170
-175
-1531
i
1
- 151
92!
74
_-,]
169-
150
510
-l.V
281
540
478 i
-10!
-51;
172!
140:
227:
— 6;
32'
-83'
123!
— 120i
42|
289!
-17!
-17!
114;
105!
104!
540
34
-53!
185
—5()
424
3
4
5
0
500 i
000;
7
s
1,294
444
342
893
424
308
781
457
368
532
501
392
938
018
430
791
097
511
404
131
444
70
500
100
541
132
003
132
669
152
700
200
''"'j
71 2J
199;
Hi
!!
420
140
17
589
102
21
869
107
00
1,064
174
102
1,112
185
98
1.294
190
109
1,492
192
198
1,419
205
204
J,403>
210:
252;
12
i:;
14
8, 096
8,986| 10,232
6,950
8,162
10, 295
4, 599
5, 043
5,073
5.979
343 1
173
399
225
5, 245
f
420 {
309
9, 661 12, 053 15,068 15,688 16,424
15
9.108 11,202 10, 838 10.954:
10
459
050
811
435 1
023;
895 j
17
IS
!9
291
300
254 !
277
1 . 270
1 957
303!
267:
2. 490;
'10
21
22
7, 503 1 0.879
134 1
325!
457
103
420
548
220
420
600
242
458]
678
1 54
415:
559
722
327
491
727
135
928
1,028
1,440
1 7031
1 9S9
9 434
102
493
174
178
455
196
211
799
215
235!
fi2 1 !
229
250
57fi
'20I
181
151
146
9
149
12
214 1
17
197
15
229
10
203!
17
308
25
314
31
308
47
320
64
305:
SO:
23
24
2, 410
6,413
11,038
12,452
6,041!
7,833
11,592
6, 763
6, 372 i 2,343
5,214
4, 973
1,841'
25
-178
-18
-16
-93
62
1, 109
888
324
! 53 !
-2,650 -4,807 -5, 839 -4,544 -4,987 -5, 137 -6,707!
20
-473!
27
-13
-300 -210 -520 -1,470 -2.003
-932 -0,304 -12,738 -13,846 -6 542 ( , T§9 — 1,897 —3, 894 1—4, 997— 3. 484! -3. 035 —1.900-4,281!
-1,813'
-25
_46I
fifi
—109! —79
-71 —128 — 140!
91
80
01
25
—98
2,s
2'.)
30
-179
}
-48!
148
-1,136 -6,336 -12,907 -14,142 -7,113 -2,997
-210
!
-1
_..
4,281
4. 090 1
185!
16, 984!
12.383,
953
1
__()
I
210
526 1,470 2,603
300
188
492 1,388 2,441
274
102
82
22
34
26
16, 758 15, 823 13,870 18,812 18, 058
13, 193 12, 149 10,117 14, 123 13,319
102
1, 719
115
213!
43
38
5
19, 711
16, 015
61 !
i
270 i
69
25
44
14,714
11, 707
19,134
15,115
303
135J
21,438 16,273
10,9691 12,473
_..
14, 783 19, 754 17, 058 16, 033 14, 396 20, 282 20, 661 21,265;
11,769
9, 187
200
245)
!
115
4,553!
3, 451 j
Line
_. |
16, 273
1
2,474
1.007J
1953
!
-32'
-123
-249
-357
-473
-079
-004
-079J
-523
-455
-411
-440
\
:>,2
-7\
_i
~'i
)
32^ /
-699
-54
429
-329
-81 (*)
!
••
14 Ij
9
32
321'
67
231!
-12
-47:
18 !
55
54 j
""-I
i"
-IJ
!H>
nl
n>
(iS
]0
-53
s7,
— •()
2s
1
968
(x)
:
_ij
U
(*)
;
—!I
976
556,
374 \
539
9,
-i3
'»3
6t
22(>
-15
, -if
'" \
_. . J
1, 173
1,274
1, 509
194J
245
32
. .
12
—.'5
177'
-304
cS7
47
— 4|
59
—30
21
77 -1,869 -1,690 -1,072
4, 836
8,942
1,956
533-2,201
-164 -1,866
-307 -1,569 -3,437 -7,956 -1,930 -1,205 -1,421 — 1,224 — 1,578
-190
-81
31
19!
—25!
59!
—118
90
28'
IN
—US
192
—132
—12
-221
—74!
04
-211
-109J
—1951
71 1
-231 -1,019 -V»2i -6,%9i -1,0241
-23 ! —940 — 3, 31x — 7, 150! -1,555
29443
08!
<« '
>>
-76,
-550
-413
71
—S
—100,
— i "7
—230
— SI
1331
—111!
— S."
H>
— ,H2
—9'-
30*
— i)<5
—310
— 987
_74yj
39(;
295
52!
— 189;
—906 — 5>> -l,->(>5 —
—72 1 — M O —021
],"()! — l i S —2 1
02 i
H
~0i
H>! - >- - l.>,
—110
1x7 -149
1,0(>S — 1. 1>^
— 2V — ^ 1)
— t()l
— _v>
11 3
"'»()
--91
(
—104
—94
-652 -156 -156
—Ort4! -414 _45«i
20." ;
295
305
— 173i
-37
—3
-420
— S47
429
—2
1,912
578
^
182
— 059
141
302
31
— 597'
,!7
'7
2>
<h
H9
>l )
H>7
32
33
1
>
{(,
^7
>
}
1,612
-51!
—53
2
-391
-409!
28
-10
—08'
— 17s
'3s
— 113
88
1,263
-727
98
1,159
684
2,085
-9M)I
265
352
-90
-327
-84
-63
175
-104J
-347
-98
-172
1.353
-400
182
1,222
509
2, 189
-633
303
524
-47
j
j
-2, 162 -1,530J
2,633 -1,603 -1,897 -1,178
}-,
227
72
-220
— 710!
4S5|
ill
39
40
41
42
]
j
-20j
e
6 15
125
320
I
-073!
i
-53|
-752
73]
~454
245
000
57
j
126
048
370
:
-SO
311
317
1. 259l
i
01!
415!
-854
-296i
308
157
-719
-808! -1,425: -2,001 -2,980! -1,446
425!
249!
789!
1.277J
470^
23!
757
1,350
121;
1,916
2,034
-8
that for 1934 a net in flow of $30 million of funds through arbitrage operation in securities which
cannot be divided between domestic and foreign securities.
Source: Data for the years 1850-1914 compiled by Charles J. Bullock, John H. Williams, and
Rufus S. Tucker. Published in The Review of Economic Statistics, 1919, pp. 223232.
207!
— 82!
44
45
1 . 083 1.021!
80
-40|
40
47
;
131 -1,266 -1,822 -1,272 -1,364! -1,799 -3,174! -4,243|
-198 -1, 125 1
119J
34
-37
548
8
-623
204
911
1, 152
918
{ 442
-164
1,743
-53j
-379
1,163;
4S
-92
3, 655
525
1, 233
2,269
4H
764
-33 1
472
509
194j
50
Data for the years 3914-18 compiled by John H. Williams and published in The
Review of Economic Statistics, Supplement, Preliminary Volume 3, June 1921, p.
201.
Data for the year 1919-53, U. S. Department of Commerce.
SURVEY OF CURRENT BUSINESS
Table 2.—-Balance of payments,
[Millions of dollars]
ine
19 46
19 45
Item
5
X
9
IV
4,798
3,851
3, 350
4,526
4,285
4,011
4,236
51
52
77
120
46
5
47
5
71
6
110
10
II
III
IV
I
3,907
3,775
3,747
4,783
5,301
4,814
4,856
45
23
20
25
20
21
2
17
3
4,274
Transportation:
Freight
Other
Travel
_
I
..
>
4,798
3,851
3,350
3,330
3,862
3,775
3,747
4,783
5,301
4,791
4,836
4,475
4,233
3, 934
4,116
3, 392
Other goods and services, total _ Merchandise, adjusted
III
IV
I
Supplies
Services
r,
II
III
3, 354
IV
II
24
III
4,274
Export of goods and services, total
II
Military transfers under aid programs
net, total.
3
4
19 48
24
I
1
19 47
3,778
2,938
2,365
2,582
3,129
3,014
2,982
3,931
4, 333
3, 847
3,904
3,639
3,348
3,004
3,202
287
31
404
44
322
46
295 1
I
41
309
60
46
280
69
60
293
80
85
216
76
66
333
87
68
339
127
94
327
128
109
295
102
71
247
94
64
229
101
83
227
113
91
190
116
70
10
11
Miscellaneous services:
Private
Government
130
314
114
326
103
317
106
331
114
62
113
29
109
21
128
19
114
18
113
24
110
13
107
15
121
23
122
25
127
23
130
29
1?
18
14
Income on investments:
Direct investments
Other private
Government _
"
77
36
95
35
2
83
36
6
171
39
112
39
6
135
44
3
129
36
8
213
43
180
38
14
219
46
(5
181
38
38
289
45
8
218
42
27
267
45
13
257
42
50
322
45
12
3,192
2,897
2,248
1,895
1,679
1, 653
1,759
1,859
1,956
2,052
1,944
2,210
2,478
2,526
2,686
2,605
1,378
1,526
1, 305
1,036
1,197
1, 226
1.238
1,412
1, 475
1,533
1,337
1, 634
1,917
1,895
1,807
1,944
UA
94
48
73
110
110
78
42
825
423
34
78
753
666
47
5
15
16
17
18
19
20
21
n
23
:M
Imports of goods and services, total
Merchandise, adjusted, excluding military expenditures.
Transportation:
Freight
Other
Travel .... - ..
>
\
Miscellaneous services :
Private ..
Government (excluding military
expenditures) .
Military expenditures
Income on investments:
Private- - . .. .
Government
-
1,082
82
102
42
81
87
169
41
73
105
32
108
97
41
108
128
44
104
233
46
100
90
41
104
95
50
107
135
58
116
261
71
99
109
36
114
38
38
39
25
21
29
39
27
43
37
43
42
44
58
44
41
47
46
47
44
51
65
51
56
554
461
185
105
103
100
112
103
163
168
192
245
194
50
4
53
4
64
4
43
4
47
4
48
4
59
3
46
6
51
3
44
3
88
4
57
3
52
4
77
6
77
4
1,901
1,603
1,455
1,675
2,254
2,016
1,888
2,827
3,249
2,870
2,646
2,048
1,759
1,325
1,631
-893
-884
-632
-588
-636
-675
-697
-642
-127
-181
-163
-208
-173
-145
-162
-184
-185
-499
-31
-23
— 516
4
-20
—416
-22
— 51
—825
14
-4, 055 -1,902 -1,542
-457
-764
41
25
Balance on goods and services
26
f
(
Unilateral transfers, net, [to foreign coun- -1,650 -2, 499 -1,797 -1,167
tries (— )], total.
?7
28
?9
30
31
32
33
34
35
36
37
38
Private remittances
Government:
Military supplies and services
Other grants
Pensions and other transfers.
— 113
-127
-107
-120
_ \ — 1, 529 —2, 327 — 1, 647 — 1,039 f
/
2
-45
-43
-8
Private, net, total..
-81
-225
-15
United States capital, net, [outflow (— )],
total.
-170
-45
13
-645
-13
-546
-717
-526
—3
-362
-129
— 19
— 19
-76
-48
59
-160
-137
-92
-12
163
45
-85
-106
— <J6
Government, net, total
-55
-543
-355
-397
-38
21
—38
-503
14
—54
-361
37
31
449
417
-89
-18
-156
—87
107
-149
-39
_..
—38
27
55
42
Foreign capital, net, [outflow (—)]. total ...
515
704
-89
30
604
674
476
435
180
157
201
10
— 227
695
861
650
427
-316
-46
-38
90
9
44
45
46
Short-term liabilities to foreign banks
I
and official institutions
Other short -term liabilities
- . ... 1
47
Gold sales [purchases ( — ) ]
48
Foreign capital and gold, total
49
Errors and omissions
..
-1,021 -1,135
-143
-99
-19
60
-4
-81
-878
-299
-33
-266
;
60
-31
-330
-19
-398
18
-755
—466
3
-1,047 -1,067 -1,408 -1,285
-151
-175
— 1,215
35
-120
-989
i
-313
-192
-661
— 168
-.*
— 865
18
-70
-71
-290
-205
-342
-150
-215
-261
-286
-144
-23
-39
28
68
-16
-15
57
-11
-86
-178
-104
78
41
-127
-220
-43
111
29
-82
-148
-249
54
-4
5
—203
— 138
— 204
-203
52
-14
15
12
16
— 105
23
2
— 82
-176
— 1 50
8
8
24
-1,065
-684
-517
-104
-1,016 -1,111
19
28
16
67
110
30
Long-term capital, outflow
Repayments
. - -.
-13
-476
7
-483
CO
39
40
41
Long-term investments in the IT, S.
Direct and portfolio other than
I'nited States Government securities.
Transactions in United States Government securities.
28
-24
— 23
-38
26
— 10
40
Direct investments, net
New issues
Redemptions _ Other long-term, net;
Short-term, net
28
23
83
-233
-3, 765 -1,697 -1,200
-307
-549
-52
94
-738 -3, 832 -1,473 —1, 425
23
97
68
59
g
31
—292
128
-420
70
43
— 700
83
68
—203
62
89
-93
240
— 53
— 559
58
— 16
-359
-821
-222
-96
153
517
-53
-96
-45
22
198
495
1,629
-358
-185
-15
-48
-90
-344
1,677
-348
-115
-851
-169
„
-288
81
-793
-666
-784
-348
-524
-320
-851
-1,605
-570
-620
-167
-143
19
47
-310
-047
6
102
-10
1,710 -1,151
154
479
-70
220
30
58
333
241
442
-338
179
136
BALANCE OF PAYMENTS 1919-53—REVISED SERIES
17
global, by quarters, 1945—53
[Millions of dollars]
18 49
I
III
II
1951
1950
I
IV
1953
19 52
Line
III
II
IV
I
II
III
IV
I
II
III
IV
ii
I
III
IV
4,369
4,427
3,724
3,513
3,273
3,515
3,495
4,113
4,387
5,294
5,066
5,535
5,425
5,269
4,605
5, 362
5,387
5,732
4,916
5,230
1
62
59
49
40
47
60
146
273
297
420
418
335
440
583
631
949
1,280
1,383
815
803
2
57
5
50
9
45
4
36
4
43
4
53
7
138
8
258
15
282
15
395
25
402
16
309
26
383
57
542
41
613
18
903
46
1,231
49
1,322
61
780
35
763
40
3
4
4,307
4,368
3,675
3,473
3,226
3,455
3,349
3,840
4,090
4,874
4,648
5,200
4,985
4,686
3,974
4,413
4,107
4,349
4,101
4,427
5
3,398
3,386
2,729
2,636
2,401
2,548
2,356
2,812
3,120
3,718
3,453
3,832
3,821
3,475
2,834
3,189
3,029
3,197
2,948
3,209
6
234
107
71
226
125
103
177
124
122
144
101
72
132
106
70
135
129
103
125
134
127
140
132
92
174
142
86
239
156
109
248
166
142
277
154
93
267
169
101
213
184
146
160
176
160
151
168
104
146
153
106
144
170
145
140
178
167
136
165
109
7
8
9
132
32
139
37
134
33
136
30
149
36
149
36
147
27
158
33
164
32
166
45
164
36
175
39
174
52
174
70
172
48
186
36
176
57
176
61
174
44
186
37
10
11
263
42
28
292
48
12
265
45
46
292
50
12
255
45
32
289
49
17
341
46
46
409
50
14
293
49
30
373
45
23
344
50
45
482
48
100
318
53
30
358
49
17
331
52
41
412
51
116
349
58
33
378
48
30
323
59
68
413
51
121
12
13
14
2,518
2,396
2,343
2,404
2,514
2,666
3,367
3,506
3,915
3,943
3,660
3,550
3,857
3,806
3,920
4,105
3,996
4,250
4,239
3,939
15
1,875
1,675
1,536
1,793
1,933
1,984
2,475
2,716
3,122
3,041
2,529
2,510
2,800
2,678
2,555
2,805
2,797
2,882
2,679
2,596
16
60
111
106
65
132
159
57
118
299
60
97
114
71
109
115
76
142
178
87
134
309
93
106
125
119
120
119
111
144
163
94
148
303
91
147
137
110
141
134
106
182
201
111
185
334
132
148
142
102
141
140
114
173
238
117
173
362
102
136
155
17
18
19
53
51
54
58
53
71
55
55
55
61
69
57
58
73
57
59
70
57
74
61
74
72
73
64
74
61
77
65
75
89
74
62
79
71
74
63
74
81
76
52
20
21
179
176
133
133
107
87
151
231
226
261
362
421
460
401
483
613
564
600
653
679
22
76
7
72
5
69
7
91
6
57
6
77
6
70
10
110
9
70
12
76
12
66
12
96
11
65
12
84
12
68
20
109
20
82
20
86
20
77
23
120
23
23
24
1,851
2,031
1,381
1,109
759
849
128
607
472
1,351
1,406
1,985
1,568
1,463
685
1,257
1,391
1,482
677
1,291
25
-1,506
-1,702
-1,413
-1,218
-1,151
-1,227
-987 -1,350 -1,318 -1,482 -1,917 -2,063 -1,352 -1,375
26
-129
-967 -1,199 -1,154 -1,382 -1,229 -1,222
-140
-113
-141
-122
-116
-98
-119
-104
-99
-93
-115
-106
-104
-108
-128
-118
-120
-117
27
-59
-62
- . . -1,480
!»
-23
-49
-1,229
-22
-40
-990
-47
-47
-952
-30
-60
-1, 025
-26
-146
-705
-18
-273
-802
-5
-297
-744
-9
-420
-851
-12
-418
-700
-18
-335
-740
-32
-440
-413
-28
-583
-627
-36
-631
-548
-31
-949 -1,280 -1,383
-372
-521
-483
-41
-36
-33
-815
-384
-33
-803
-425
-30
28
29
30
-487
-220
-256
-242
-110
-210
-857
-244
-298
-386
-50
-490
-392
-759
-167
-260
-209
-210
-213
31
-193
-116
-73
-171
-28
-171
-820
-246
-239
-309
-13
-507
-250
-572
12
-348
-224
70
-31
-192
32
-195
-38
—113
8
4
66
-191
8
-25
19
-236
—5
23
-15
117
64
-29
-15
-153
—137
138
-79
203
-155
—38
46
-7
-17
-193
—77
11
-424
-137
-120
—2
106
-32
-198
-183
—53
13
-42
26
-114
— 166
17
-2
-44
-22
—69
67
4
7
-209
—203
16
-19
-92
-167
—67
9
-28
3
-372
— 113
31
-62
-56
-74
—23
14
54
41
-237
—83
12
42
-82
-204
— 100
25
40
15
-216
—27
86
137
90
-201
—6
12
105
59
-101
— 143
16
33
3
33
34
35
36
37
-294
-104
-183
-71
-82
-39
-37
2
-59
-77
-37
17
-142
-187
-179
88
15
-35
-179
-21
38
-359
64
1
-161
55
2
-79
41
-145
-85
45
-31
-127
51
-6
-116
97
-20
-95
59
-1
-76
88
-10
-129
62
8
-114
49
-12
-107
78
-8
-108
116
9
-208
65
1
-251
62
2
-316
127
10
-72
175
-15
-65
93
-13
-196
139
22
-286
103
4
-169
150
-2
39
40
41
55
-194
-13
224
284
643
820
165
-4
115
-5
472
175
536
733
168
128
298
448
282
42
2
53
-3
1
27
57
11
87
12
28
17
84
82
10
82
33
43
-73
23
168
1
135
146
261
399
87
-204
-285
-257
8
14
54
226
26
18
-118
-8
44
J -163
147
444
562
-235
128
-217
-181
223
1
-118
35
186
140
450
113
439
658
-127
31
333
449
208
45
45
76
129
192
42
55
4
-15
-11
-63
35
-1
46
-69
-169
-91
165
203
29
740
771
893
55
-292
-709
-556
-104
7
274
603
128
302
130
47
-14
-363
-104
389
487
672
1,560
936
889
170
-297
-237
-381
432
740
442
731
426
750
362
48
156
254
392
-38
15
-84
136
-100
91
247
170
-36
192
214
60
43
4
120
135
-65
49
SUEVEY OF CUKKENT BUSINESS
18
Table 3.—Balance of Payments of the
[Millions of dollars]
1946
Item
Line
All
areas
1
Exports of goods and services, total
2
3
4
5
6
Other goods and services, total
Merchandise, adjusted __
12
13
14
43
25
44
25
44
38
5
38
5
2,830
2,789
5,437
4,248
591
493
1,125
1,024
1,960
1,469
2,830
2,148
2,720
2,325
585
170
29
57
4
6
75
5
4
24
34
130
156
57
77
464
131
211
88
7
4
13
59
. 2
79
12
51
18
589
162
21
62
30
14
20
1
3
_-
134
108
(•)
281
15
5
1,344
776
396
322
237
214
1,245
875
2,239
1,876
1,393
925
134
325
457
79
139
58
14
11
1
11
4
26
41
209
24
80
164
127
13
16
1
2
44
1
2
4
12
1
31
10
65
10
3
8
388
197
15
133
3
2
46
4
9
1
195
715
591
1,396
96
85
20
21
22
Miscellaneous services:
Private
Government (excl. military exp.)
Military expenditures
23
24
Income on investments:
Private
Government
25
Balance on goods and services
7,833
4,093
26
Unilateral transfers, net, [to foreign coun- -2,997
tries (-)], total.
Private remittances
_ _ _
-679
-704
-39
-107
-10
-63
-513
-1,561
27
-309
-35
-108
-7
-44
-143
-33
28
29
30
Government:
Military supplies and services.-. .
—69
Other grants
-2, 274
Pensions and other transfers
25
-382
-13
-3
-1
-3
-17
-2
—69
-345 -1,528
44
(-)], -3,437 -2, 272
-79
-34
-49
-426
-35
-4
-189
31
United States capital, net, [outflow
total.
32
Private net total
33
34
35
36
37
Direct investments, net
New issues
Redemptions
Other long-term, net ..
Short-term, net
38
39
40
41
42
Government net total
Long-term capital, outflow
Repayments.
Short-term, net
-413
-230
—85
308
-96
-310
.
..
Foreign capital, net, [outflow (— )], total
43 \
44
45 \
46
888
1
-254
-9
-12
—5
-1
1
-5
12
-7
-16
-70
-63
~
-242
-250
(•)
8
-511
12
79
-164
09
3
9
-154
-3, 024 -2, 108
-3, 348 -2, 329
43
86
238
178
-980
(•)
(I)
Long-term investments in U. S
-347
-113
-24
-2
Short-term liabilities
-633
-398
36
81
-623
-368
-3
-16
-1,603
-879
9
63
204
-238
-86
47
Gold sales [purchases (—)]
48
Total foreign capital and gold
49
Errors and omissions, and transfers of funds
between foreign areas [receipts by foreign
areas (— )], net.
Footnotes at end of table.
.
-590
178
816
928
11
-45
-323
2,299
1,754
1,261
869
44
41
178
143
816
701
19,711
16,015
7,100
5,694
928
815
65
63
11
1
1
(«)
12
3
5
39
5
5
1,294
444
342
705
278
55
58
6
10
191
33
156
27
1
(•)
5
3
29
3
444
70
191
23
(«)
46
16
8
(«)
7
31
3
869
167
66
81
30
43
(«)
1,446
1,058
503
245
17
21
15
(*)
116
6
103
115
3
21
(*)
(•)
68
7
7
44
7
17
18
19
..
44
18
43
34
51
Imports of goods and services, total
__
Merchandise, adjusted, excl. military
exp.
Transportation:
Freight
Other
Travel
.
1,261
84
19
8
4
40
11
154
102
493
2,299
117
72
21
91
6
2
6,950
5, 073
51
201
15
11
Income on investments:
Direct investments
O ther private
Government
15
16
7, 143
43
1,960
._ . _
10
11
Total
Europe OEEC
areas OEEC i dependencies 2
19,754
1,125
_ . . _ 1, 098
285
257
Miscellaneous services:
Private... _
Government
All
United Other Depend- Other
counKingfl
dom Europe encies
tries *
69
591
14,714
_ _ 11. 707
Transportation :
Freight
Other
Travel
7
8
9
5,437
Sterling area »
69
14,783
Military transfers under aid programs,
net, total.
Supplies
_
__
Services, including freight
Latin
All InternaOEEC
tional
Europe depend- Other 3 Canada Ameri- other
can
OEEC i
couninstiencies 2 Europe
Retries * tutions
publics
66
(*)
853
758
-46
-126
90
-10
-776
-117
8
31
202
146
724
659
8,162
5,979
1,717
802
594
522
6
9
1
14
4
163
420
548
96
200
100
14
22
1
39
1
2
42
174
178
455
140
41
164
1
5
27
1
1
229
16
172
2
2
1
27
-24
92
11,592
5,426
334
68
-8
-38
-68 -2, 650 -1,071
-16
-29
-8
-34
-55
105
-8
-651
17
8
2
6
(•)
1
o
-1
(*)
1
-15
-664
-19
1
-43
-672
21
4
-1
-7,956 -3,746
-31
-43
-12 -1, 897
-46
-111
-377
-14
-43
-60
-987
-78
-54
-25
-29
4
4
-14
-749
-396
295
52
-189
-43
-18
3
-77
57
-55
-47
—56
242
-180
6
-71
-84
—29
46
88
-67
-i
1
-45
-87
31
11
-237
—296
12
47
125
-530
6
-201
119
-329
448
—80
-168
34
-104
69
-95
(•)
-2
-93 -2, 162 -1,447
-634
517
-224
-215
32
-41 -1,897 -2,415
-117
1,412
193
1,806
-170
(»)
-603
-13
-590
-33
-636
-35
-168
-43
-436
177
-36
—29
4
-15
-41
323
-323
448
-1
-10
-20
-22
1
-5
-659
-724
36
29
-608
—693
35
50
-129
-215
-49
1
-1
1
-1
34
-47
40
(•)
-20
45
-51 -6,969 -3,668
-31 -7, 150 -3, 737
84
1
294
-21
-15
-113
-968
52
265
-2
-98
-184
54
363
-784
128
911
(•)
23
13
10
-123
5
-128
6
19
BALANCE OF PAYMENTS 1919-53—REVISED SERIES
United States, Annual by areas, 1946-53
[Millions of dollars]
1948
1947
I
Other
Europe 3
Latin All InternaCan- Ameri- other tional
can
ada
4
Re- coun- institute
Total
publics tries
Sterling area 5
United Other De- Other
King- Eu- pend-6 coundom
rope encies tries 7
All
areas
OEEC Other
Europe deEuOEEC i pend- 2 rope 3
encies
Sterling area 5
Latin
Lin©
Ameri- All International
Cancan
other
United Other De- Other
coun- instiada
ReTotal King- Eu- pend-6 counpublics tries 4
tute
dom rope encies tries 7
2, 688
4,765
85
3,580
1,730
116
413
1,443
2,673
i
2,688
2,116
4,765
3,859
3,580
2,996
37
8
5
32
38
152
177
87
98
9
1
60
2
8.5
19
414
17
9
233
185
1,503
1, 129
2,698
2
14
30
41
241
30
100
166
1
8
17
12
4
8
16
68
8
4
26
231
1
36
2
10
1
332
1,185
2,067
2,215
-119
-27
-81
-743
—34
-43
-4
-599
—27
4
2,478
1, 935
4,175
3, 162
3,180
2,573
88
30
2,673
2,023
1,042
662
54
50
405
318
1,172
993
!
134
108
36
72
93
18
8
1
1
13
4
8
41
10
9
893
424
308
413
252
49
41
7
9
8
9
6
19
31
113
175
85
110
237
31
21
9
140
95
33
52
77
16
3
(«) I
18
5
7
67
13
9
171
6
140
6
(*)
(*)
6
25
(*)
500
100
204
50
9
9
1
68
3
107
17
61
29
42
176
14
141
13
(x)
(*)
7
28
10
11
127
20
59
16
7
(*)
(')
47
4
1,064
174
102
93
70
488
19
12
212
8
7
165
21
59
16
6
50
2
201
106
2
(*)
?g
2
8
56
5
12
13
14
1, 644
1.247
632
314
381
338
618
590
10, 295
7, 563
2,197
1,066
769
667
236
194
2,040
1,599
3,091
2, 626
1,859
1, 337
103
74
1,935
1,401
795
374
430
366
697
655
15
16
20
37
18
(*)
4
19
1
12
5
220
426
600
138
168
119
22
21
4
6
7
34
42
267
39
126
171
62
15
33
90
50
33
50
24
(*)
11
18
(*)
26
4
18
19
127
25
34
126
17
15
(')
(*)
(*)
(')
2
17
1
6
2
i 96
211
799
160
61
298
1
15
9
13
4
22
18
64
34
39
384
24
143
18
96
143
11
59
(')
(*)
(*)
(*)
(*)
33
85
(*)
1
1
263
17
184
3
55
4
12
1
9
4
104
101
(*)
2
5
1,098
103
32
6, 763
3, 786
73
30
1,084
1, 367
-15
738
247
41
-22
—67
— 60 -1,100
-121
—9
— 75
-13
9
'
i
40
4
i
6
52
22
5
51 - . —
14
-.
26
33
2, 058
(*)
21
13
5
2
5
1
(*)
(*)
825
-587
94
-13
-13
-46 -4,807 -3,428
-115
-593
-38
-12
-17
-48
147
-10
140
-8
22
180
-627
-125
-243
-457
9
-23
-23
-39
-85
227
62
15
31
24
-225
-152
-50
25
66
-14
-45
-57
11
1
"W
12
-176
-91
35
-120
-53 -3,062 -2, 789 -2, 802
-203 -3, 062 -2, 856 -2, 850
15J
62
44
—1
5
4
13
i
5
2
21
-5)6
1
—243
-2,869 -2,815
-80
-13
-89
-50
24
36
-1
-13
(*)
(•)
(*)
-17
17
-879
-364
-254
—300
3 -3, 894 -2,866
56
66
(*)
-3, 305
-4
1
266
223
-178
-15
(*)
4
52
3
(*)
-73
-141
-75
-40
-906
-28
-48
-50
24
53
-19
-721
-150
62
19
-116
12
- 1, 024
-1, 555
443
88
-62
2
-22
-59
-1,064
-1,213
121
28
(*)
(*)
438
-4
-38
-184
""-18
-46
-890
20
(')
-39 -1,930 -1,205
-27
(*)
(*)
-488
-42
-11
-438
-12
-444
-12
-533
(*)
(*)
-14
32
-57
-42
11
38
— 56
1
38
34
35
3f>
37
4
-4
4
0
-140
140
(*)
54
2
-24
-45
21
(')
0
-71
388
l
(
l
-1
40
91
11
-77
121
-33
-3
104
59
1»
23
-494
-535
41
0
"-is"
1
-2
(*)
(*)
-495
-2
-533
-2
38 ""("«)"
()
7
-172
-187
-3
—1
23
12
-23
13
22
—6
524
447
3
-70
365
92
82
-395
222
254
-252
-1,350
-928
10
5
-6
-178
-477
44
--1,256
-741
-251 -1,178
-668
10
-66
382
-74
-418
-344
-1,021
-465 ;
-489
1,515
12
125
-615
-G64
491
1,408
1 , 249
-404
-6
—829
-619
-450
2,539
-859
-599
- 1 22
-521
-564
-844 i
1 , 32G
1,648
2,222
-9
-90
5
1, 152
31
-57
-12
-659
-11
(')
13
667
-57
(*)
-208
-239
28
29
30
-38
26
-809
(*)
1
-24
-226
-313
5
(*)
-123
1,797
-27
26
-109
-228
-516
-6
-8
6
260
-11
-148
-6
352
—8
-165
-88
— 150
44
2
-4
-195
1, 872
475
-333
-196
-200
17
20
21
22
23
24
-25
-11
-72
-522
(*\
-340
2
-2
2
(*)•
3
4
-603
-286
_4
13
6
-11
-196
(«)
..:!!a.
(*)
5
6
-137
-22
71
-5
75
-211
28
194
1,172
842
704
-803
-7
405
5,729
4,566
192
190
54
16, 758
13, 193
-117
12
1,042
1,443
1,307
-3
!
88
413
361
-40
:
3
3,226
116
106
6
-85
46
(*)
4,175
47
1,365
1,020
-34
228
26
2,478
1,730
1, 319
165
8
178
110
(*)
-118
2
266
'}{
51
21
2, 299
46
842
85
41 ! 3,702
3, 093
285
27
22
,
254
88
565
494
(x)
5,983
274
26
3, 702
17, 058
300
565
288
-388
7
235
276
-11
"•(,)•(*)
0
3
(*)
3
0
38
39
40
41
-38
42
(*)
(*)
(*)
8
-4
-11
6
22
12
-5 } 43
/ 44
-33 ) 45
/ 4(5
-3
-512
47
-11
5
-550
48
-17
84
92
49
SUEVEY OF CURRENT BUSINESS
20
Table 3.—Balance of payments of the United
[Millions of dollars]
1919
j
5
Line
1
2
3
4
5
6
7
8
9
Sterling area
Latin
InternaAll
OEEC
All Europe depend- Other 3 Canada Ameri- other tional
ican
coun-4 instiOther
United Other
areas OEEC i encies 2 lurope
Retutions Total King- Europe Depend- counpublics tries
encies 6 tries 7
dom
Item
16, 033
5,445
14,396
4,475
210
170
40
526
463
188
22
149
21
39
1
492
34
430
33
15,823
Exports of goods and services, total
5,275
Military transfers under aid programs,
net, total.
Supplies
Services, including freight __
Other goods and services, total
Merchandise, adjusted. _
Transportation:
Freight
Other...
Travel
10
11
209
2,570
3,627
110
3,147
2,555
1,108
4,012
10, 117
2,964
592
433
3
(*)
C)
23
5
6
39
13
10
532
501
392
193
278
42
32
6
8
132
12
(•)
(*)
7
1
28
(•)
603
132
233
74
14
1
197
31
4
70
26
4
8
63
64
5
1,294
190
109
110
40
78
98
1,760
1,161
776
294
391
315
577
548
12, 053
9,108
2,622
1,280
915
814
38
92
72
36
61
34
(«)
13
27
2
14
6
327
491
727
203
229
215
15
36
157
(•)
(•)
5
1
229
250
576
189
101
168
1
4
42
1
314
31
230
7
2
1
367
2,343
1,853
-323
2,712
2,408
110
20
2, 555
1,906
1,108
726
781
457
368
341
261
50
50
7
9
4
8
2
18
27
165
149
98
120
219
30
22
26
104
95
38
39
77
22
541
132
196
56
11
1
9
1
73
3
123
18
71
53
58
167
13
1,112
185
98
94
42
73
98
1
(•) 2
9
251
108
(*)
377
18
12
292
9
3
6
9,661
2,229
754
631
181
143
2,000
2,972
916
1, 554
2, 501
1,482
1. 124
43
10
17
18
19
Transportation:
Freight
Other
Travel
242
458
678
150
202
177
27
30
4
4
5
36
40
265
45
136
182
7
49
19
20
21
22
Miscellaneous services:
Private
Government (excl. military exp.)--Military expenditures
215
235
621
182
62
305
1
4
59
1
10
14
13
3
20
15
66
16
3
63
207
27
23
24
Income on investments:
Private
Government
308
25
231
4
62
7
9
2
4
6
6
147
(*)
6,372
655
1, 605
67
795
332
-107
16
4
144
(*)
2
(')
(*)
(')
157
15
78
'
42
4
5
(•)
3
2
32
(*)
2
(*)
(-)
60
36
-19
-12
-18 -4,544 -3, 476
-14
-10
-12
-17
-455
-13
25
Balance on goods and services
3,216
171
28
570
26
Unilateral transfers, net, [to foreign coun- -5,839 -4. 395
tries (— )], total.
-249
Private remittances
-523
-43
-53
-21
-72 -1,148
-12
—54
-11
-37
-157
-3
-72
-33
-31
8
-7
-30
-5
-40
-889
-62
-104
-10
-987
-6
-979
-4
-8
-1
-192
-23
-287
-182
-64
-17
-24 -1,421
-170
— 163
2
-153
-56
-111
-14
(*)
(*)
17
-16
-22
-26
-4
1
1
-83
-15
-85
-15
(*)
(*)
-20
-20
-134
-145
47
-68
-81
46
-33
-64
-64
(*)
(*)
(*)
27
28
29
31
Government:
Military supplies and services
Other grants
Pensions and other transfers
-210
— 109
—25
United States capita!, net, [outflow (—)], -1,205
total.
-594
-28
-8
-116
-553
— 660
-118
103
-65
187
-28
9'2
-27
— 29
-6
— 14
-16
3
-75
82
-1
3
6
4
_2
115
— 100
102
79
10
-2
-652
-684
205
-173
-566
-503
107
-170
-1
-1
(*)
(*)
2
-9
7
(«)
-1
-1
(*)
(*)
32
33
34
35
36
37
Private net total
Direct investments net
38
39
40
41
Government, net, total
_ .
Long-term capital outflow
Repaymen ts
Short-term net
42
43
44
-170
_ -4, 997 -3, 951
Redemptions
Other long-term, net
Short-term n p t
__. _
__
Long-term investments in U. S.:
Direct and portfolio other than U . S .
Government securities.
Transactions in U. S. Government 1
securities.
Short-term liabilities to foreign banks
and official institutions.
46
Other short-term liabilities
47
CiJold sales [purchases ( — )]
48
Foreign capita' and gold, total
49
Errors and omissions and transfer of funds
between foreign areas [receipts by foreign
areas (— ), net.
Footnotes at end of table.
204
— 332
14
4
110
1
-3
-40
-84
45
-1
— 22
-66
46
-2
87
44
47
-171 | -216
130
86
-98
-10
-MO
-446
350
; -270
-139
-466
-313
-2
-689
-55
1, 023
1, 179
25
-14
51
219
119
66
-I
I
-34
4
57
-2
-15
85
215
17
6
-10 j
131
11
~8
41
-111
41
-200
-92
-77
764
1, 850 |
i
1
-474
~
2
133
-6
-164
-»
174
123 !
1-
-1,065 -1,016
-129
72
Foreign capital, net, [outflow (— )], total
45
-244
592
13,870
3,627
1,925
6,879
944
944
785
2,570
Imports of goods and services, total
Merchandise, adjusted, excl. military
exp.
427
427
322
209
174
._
76
76
73
925
748
3,107
4,162
Income on investments:
Direct investments
Other privte
Government
15
16
925
12, 149
Miscellaneous services:
Private
Government
12
13
14
All
Europe OEEC
areas OEEC i dependencies 2
-172
i \
202
i
(")
-1
-236
-526
-463
-3, 484 -2, 775
-79
-2
-1,265
-451
-23
—369
-14
-14
-621
-254
301
-542
-149
1
-3
-82
-180
173
-75
1,912
o
-117
-156
-414
295
1
o
1
-1
63S
2
-194
-60
1
-1
-9 i
-9
(*)
c)
14
-4
1
33
13
918
288
63
-4
-2
29
-190
1,743
1,397
8
25
-176
3, 655
2,035
-32
-149
f
\
65
51
53
941 299
2
(*)
73
!
-33
39
287
BALANCE OF PAYMENTS 1919-53—KEVISED SERIES
21
Stales, Annual by Area, 1946—53—Continued
[Millions of dollars]
I
1950
Other
hurope 3
1951
•
Latin All 1 Interna-1i
Can- Ameri- other tional
can cou «- instia *a
4
Republics tr.es tution Total
Ster ing Area 5
j
1
United Other De- Other
King;Eu- 'i pend- coundom | rope encies 6 tries 7
OEEC Other
All Europe! deEuareas OEEC i pend-2 rope 3
encies
Sterlirg Area 5
Latin
Line
All
Ameri- other International
Cancan
United Other De- Other
coun- instiada
4
Retution Total King- Eu- pend-6 coun7
publics tries
dom rope encies tries
3, 799
6,539
3,467
5,143
4,063
1,470
1,112
3
62
1 388
82
1,052
60
3
61
1
272
21
2,475
104
189
152
2,762
2,011
3,799
2,718
6
7
2
19
49
193
148
113
126
8
77
124
16
80
38
67
(*)
3,252
1,448
2,412
1. 825
104
14
134 - - - - - - - 31
21
1,970
908
58
325
654
675
330
65
•n. s. s.
n. s. s. n. s. s. n.s. s. n.s.s.
4
5, 427
3, 993
675
499
330
290
3, 464
2. 682
5,081
3.746
3,770
2,911
65
2
3,252
2, 331
1,448
911
70
61
333
205
1,288
1,041
6
16
5
5
31
11
10
938
618
430
337
372
36
47
3
7
17
3
1
38
52
246
230
138
113
269
49
27
1
(«)
210
126
27
52
110
11
6
1
1
22
3
5
130
12
10
7
8
9
148
13
(*)
(«)
13
(*)
24
(*)
669
152
281
86
10
(«)
8
1
84
6
149
20
82
39
55
214
17
170
12
8
35
5
10
1]
(*)
(•)
81
52
4
(')
1,492
192
198
119
39
164
109
(*)
(')
10
230
120
(')
652
17
16
376
9
8
214
25
88
74
20
88
(«)
90
7
50
5
(")
1
1
14
58
17
2,897
2, 182
1,035
470
27
16
808
709
1,027
987
15
16
70
124
90
67
90
37
1
3
4
11
42
2
20
17
18
19
175
19
111
174
8
67
(')
1
20
21
22
124
120
2
(*)
75
99
34
28
81
19
185
13
(«)
2
6
206
30
3
73
26
3
225
204
2,418
1.947
3,584
3,091
2,237
1,753
52
19
2,239
1,606
842
337
22
622
545
753
717
15, 068
11.202
3,495
1, 951
1,161
1. 001
241
221
2,776
2, 280
4,134
3, 510
3, 203
2,222
42
46
261
68
132
194
11
65
17
50
111
83
47
84
37
1
3
6
8
34
2
16
6
415
559
722
241
255
184
20
45
4
2
4
41
50
255
102
154
216
27
78
18
16
6
47
331
26
165
22
66
163
10
31
2
7
2
291
254
1, 270
209
105
313
1
5
86
(«)
8
2
27
3
38
49
55
34
5
46
797
32
26
17
62
7
68
10
11
2
3
4
7
135
1
IK
(*)
68
14
11
3
4
6
9
-36
344
215
238
52
-269
66
1,009
860
7
355
413
-24
-16
-58
-859
-97
-742
-129 -1,051
-45
-331
-32
-10
-33
-125
-6
-68
-1
-72
""-19
-6
-63
-610
-61
-89
-2
g
Hfi"
(0
(«)
4
4
29
n. s. s. n. s. s.
-293
-565 ""^44" -252 -218
-68
-3
11. S. S.
-22
-1
-698
-16
-11
-17 -4, 987 -3,607
-19
-117
-19
-34
-10
-10
-14
-188
-18
-24
-10
-45
-125
n. s. s. n. s. s. n. s. s. n. s. s. n. s. s. -1,470 -1,112
j -3, 035 -2,317
-661
-667
-i (*)
-3
-2
10
-71
-3
i
-6
-62
-17
-5
n
-90 -1,224
124
-16
-49
-420
-369
-329
-165
-80
79
(*)
(«)
-3
—6
-17
-61
4
-1
-20
__i
-153
-54
-62
-10
-18
3
-44
85
9
-4
11
19
-139
-188
-59
-50
2
-8
-73
-139
1
2
-419
-240
—302
88
-18
53
-275
-166
(*)
(*)
-97 -1,068
-69
-528
-491
2
113
6
-59
-36
-103
-14
1
-80
87
-72
80
-1
-29
-33 . -1
5
(*)
-1
(•)
-94
-145
52
-1
-141
-164
22
1
-12
-13
1
-26
-128
92
10
-176
-2
-161 ----4"
100
-5
-21
-14
(*)
-271
-124
-171
-49
4
-8
24
-10
-40
-10
19
18
3
-39
-41
3
-3
-2
(*)
2
-36
-113
-32
-83
60
-9
-43
-79
20
-55
-24
—55
55
-11 — (ij"
_4
54,1
183
490
o
9
6
-2
492
—9
39
-1
-13
3
118
44
34
42
34
-19
53
153
504
-124
-72
-103
-14
99
162
86
5
1,008
1,020
-18
642
345
576
2
1.014
993
67
300
-210
— 27
-7
4
—4
5
2
(*)
22
18
20
-156
-458
305
0
578
18 /
I
9
-13
83
42
3
-19
103
-32
96
-32
6
(*)
1
(*)
43
44
366
72
94
(*)
-53
140
-59
74
-18
-1
18
64
45
46
124
80
16
-514
-464
4
-54
47
51
517
94
-356
-385
9
-9
29
48
-273
-562
3
109
412
147
-9
497
-110
49
_i
-1
9
-525
11
-2
3
-4
-7
2
-13
3
332
203
-160
78
5
2
12
-7
24
4
525
-167
16
42
291
202
472
606
505
-a
79
9
-292
-57
158
78
-53
13
6
0)
437
-14
8
38
39
40
41
-73
2
31
89
(')
19
1
84
-150
8
-12
613
442
2
-93
-105
3
10
4
(«)
-11
-11
-11
(*)
125
148
-108
28
29
30
-11
-n
(*)
-20
-18
-2
12
-2
21
9
-3
-25
141
-84
225
(*)
182
-659
(»)
(*)
(')
-7
7
n.s. s. n.s.s.
32
3
34
35
36
37
I
27
691
-712
-287
-163
172
-333
-101
222
26
-16
89
18
-492
-30
-14
-486
-55
-255
-15
-9
3,044
-151
99
-32
-33
5,214
-303
-83
48
35
-254
-99
-24
—22
-22
25
-297
-177
-1
-77
71
5
261
36
-10
1
-475
2
1
-715
3
41
43
223
14
"—92
(*)
2
23
24
308
47
-411
(')
2
(«)
2
1
(*)
2
1
(*)
-21
-2
5
18,812
14, 123
58
56
269
8
6
(«)
(*)
3
654
522
908
517
522
18
14
2
1
325
205
1,970
1,325
294
116
(*)
(*)
1,288
2
1
2
11
!
4
333
70
293
62
1
2,762
20, 282
63
189
84
89
8
-1
(*)
6
3
-50
SURVEY OF CURRENT BUSINESS
22
Table 3.—Balance of Payments of the United
[Millions of dollars]
1952
Line
Item
1 Exports of goods and services, total
6
10
11
791
697
511
252
393
38
278
85
.1,419
205
204
125
40
167
126
15, 688
10, 838
4,142
2,022
1,201
970
.
459
656
811
278
294
246
300
277
1, 957
217
103
739
326
64
220
23
2
2
4,973
2, 859
-459
-5,137
-446
-3,837
-209
-19
-19
— 2 603
-1,960 i
-128
— 0 151
-1,578 ;
-226
-20
-1,158
-850
-286
66
6
-94
-116
8
10
5
- _.-
Income on in vestments:
Direct investments
Other private
Go vp.rn merit
_
Imports of goods and services, total
Merchandise adjusted excl militarv ex:p
Jo
16
17
18
19
Transportation:
Freight
Other
Travel
20
21
22
Miscellaneous services:
Private
Government (excl military exp.)
Militarv expenditures
23
24
Income on investments:
Private
Government
.. ..
25
Balance on goods and services
_
26
27
Unilateral transfers, net. [to foreign countries (— )], total
Private remittances
_.
Government:
Militarv supplies and services
Other grants
Pensions and other transfers
28
29
30
.
United States capital, net [outflow ( — )!, total
31
Private, net, total
Direct investments, net
New issues
Redemptions
Other long-term, net
Short-term, net
32
33
34
35
36
37
38
39
40
41
_
_.
_.
i
_
_. _
.. ..
43
44
45
... _ -
Short-term liabilities to foreign hanks and official institutions
!
47
1
48
! Total foreign capital and gold
. .
Other short-term liabilities
Gold sales [purchases ( — )|
.
,..
- -
- _ _ .
Errors and omissions and transfers of funds between foreign areas [receipts by :
I foreign areas ( — )], net.
I
(O Less tliuii $51)0,000.
nss=not shown separately.
I, "OEEC countries" and "Western Europe" include the European Payments Union
and the Bank for International Settlements. "Western Europe" includes Finland, Spain,
and Yugoslavia.
49
72
4
223
152
138
220
74
29
98
19
169
30
91
72
223
126
599
20
18
344
8
11
2,985
2,345
4,243
3, 569
3,025
1,885
49
7
41
53
257
82
200
235
58
81
20
28
4
150
48
65
29
7
64
901
30
90
17
11
4
3
6
12
-20
870
636
1,064
23
-15
-15
-13
-5
- 1, 058
-147
-SO
-51
-56
-22
-6
-396
-425
-90
-60
-8
-431
-483
-296
-125
-425
-420
— 158
38
90
25
-418
-277
-90
-166
-46
9
24
89
-119
3
-6
1
-65
-123
58
-206
-227
26
-5
—8
4
-1
351
201
107
-24
71
210
16
-4
1
-10
9
-'
70
64
187
-*8
-1
0
125
-71
-9
-63
4
•4
-2
342
138
111
-20
34
-768
-156
179
182
8
(*)
2
(*)
6
43
40
(*)
(*)
8
138
3
(*)
(*)
3
3
2
-420
-847
429
-2
-110 !
-453 ;
339
4
-30
-30
1,612
898
81
141
302
46
97
1
728
73
°7
-321 '
1,233
577
627 ,
411
-2
87
509
72
53
66
294
10
9
-99 i
-34
4,089
4,823
3,474
(*)
(«)
i
4,879
3,855
2,976
23
7
43
7
12
-379
-.
3, 855
All other
countries 4
396
374
22
3,693
2,842
742
544
1,083 j
...
Long-term investments in United States:
Direct and portfolio other than IT S Government securities
Transactions in U. S Government securities
_. -
46
I
'
!
1
|
-1.453
-24
23
--..
86 1
Long-term capital, outflow
Repayment^
Short-term, net
Foreign capital, net, [outflow ( — )], total . _
42
-
_
Government net, total
1
Canada
28
53
-
Miscellaneous services:
Private
Government
13
14
- -
2,151
2,011
140
4,850
3,472
„_
_
Transportation :
Freight
Other
Travel
8
q
7,001
2,603
2,441
162
18, 058
13,319
_.
Supplies
Services, including freight
Other goods and services, total
Merchandise, adjusted
4
742
20, 661
706
206
..
International
institutions
Latin
American
republics
56
56
Eastern
Europe 3
.. .
Military transfers under aid programs, net, total
3
Western
European
dependencies 2
Western
Europe '
All areas
6
1
10
24
-175
(*)
5
52
— 82
-36"
1
t
2. "OEEC de )endeneies" include. Netherlands Eas. Indies and French InuocUiv.* ihrough
1949.
"Western Eu-opean dependencies" include the Spanish dependencies,
3. "Other Europe" includes Finland, Spain, and Yugoslavia through 1951.
4. All other countries include Indonesia and the Associated States of Indochina since 1950.
BALANCE OF PAYMENTS 1919-53—REVISED SERIES
23
Stales, Annual by areas, 1946—53—Continued
[Millions of dollars]
1953
1952
S .erling area
Total
United
Other
Kingdon . Europe
1, 214
3, 006
1 ,.,,.
11 s s
Depend- Other 7
encies 6 countries
361
62
n «? «?
n s s
All
areas
Canada
25
4, 048
4, 392
4, 356
3, 219
36
34
2
4, 051
3, 049
779
745
34
3, 520
2. Oil
40
49
307
168
159
138
187
91
32
93
15
168
25
100
79
199
129
608
17
24
3, 140
2,419
7,748
3,469
3, 320
149
4,279
2,983
688
499
688
25
16
1,214
682
62
53
361
209
J45
142
36
36
120
15
3
2
17
3
8
89
17
13
566
666
527
133
305
41
38
2
9
212
35
161
12
10
40
22
712
199
288
79
14
1
208
25
95
78
20
114
76
5
3
1,463
216
252
147
41
202
123
2
5
707
598
752
694
16,424
10, 954
4,837
2, 280
1, 126
907
40
37
"T
4
15
6
435
023
895
241
282
293
24
54
4
41
1
11
20
303
267
2,496
217
95
1,157
1
6
128
2
1
365
86
237
35
2
4
458
4,841
2,911
-16
-15
-42
-18
-6,707
-473
-4,845
-223
n. s. s.
-1
n, s. s.
—22
-2
-4,281
— 1 813
-140
-3, 469
— 1 126
-27
-1
1
-180
-597
284
-85
21
17
-72
-102
133
-48
-81
-79
2
2
1
-3
32
-377
-722
-276
139
315
167
200 :
-26
3
-5
-20
-20
(*)
(*)
-108
-116
1
7
-220
-716
485
11
151
-172 j
334
-11 j
-4
— 12
9
-1
5
12
-6
1,103
1.057 |
-36
-2
1
0
1
207
-82
136 ;
(*)
1
I
9
2, 727
1, 804
1, 232
550 :
36
93
150
98
89
116
41 1
4
4
179
25
188
178
9
122
125
5
122
5
279
-515
-70
n s s
-432
-223
-96
-64
-
22
"""I"
5
-18
26
-440
-33
-17
-10
n s s
-404
—3
11 S S
-6
-1
-1
-43
-45
21
(*)
(*)
(X)
-346
1
-79
46
-78
12
-127
-185
54
4
2
-48
53
—3
276
277
-5
90
-5
90
205
171
-2
2
34
1,021
-14
21
-3
9
-41
-40
-449
(*)
-1
-1
-i
-440
4
-13
1, 163
632
-163
664
16
-1
-19
345
-217 ii
2, 269
194
United
dom''
n. s. s.
349
201
888
660
18
1
7
57
21
13
11
1
38 i
14
10
11
110
73 !
5
7
12
13
14
4, 230
3, 570
3,006
1, 741
45
2,675
1,701
45
48
282
85
176
239
64
93
27
2
1
21
3
192
4t'i
70
18
62
991
_ .-
112
11
6
3
18
-15
908
162
-27
-19
-10
-4
3
1,307
544
39
13
658
545
68 j
150 i
121 |
j
05
114
57
4
6
15
48
29
183 !
29
278
178
10 i
198 ;
16
134 !
11
131 ;
10 ;
1,293
20
-130 1
-178
-120
-54
-1,590
-152
-93
-513 i
-87 i
-317
-37 !
-36
-779
—561
-98
93
n. s. s.
417
-9
33
-57
162
-93
-124
-89
-36
7
33
-39
-59
9
24
222
-345
-405
61
-117
-30
-53
-31
8
-38
2
6 !
73
-56
-25
-121
7?
24
2
4
76
39
8
15
75
35
124
47
-82
j
-34
-149
-408
-413
-209
108
93
13
-4
-6
2
5
-183
2
14
(*)
-3
-55
00
-8
71
9-3
54
-58
32
-91
-1
n. s. s.
9
77
-3
1,026 |
9
124
13
8
i
-6
i
1
15
16
17
17 i
10
18
19
!i
'
1
15 i
1
4
43
4
14
22
20
21
22
.J
;
2
1
1
23
24
19 '
-309
217
25
-157
-20
20
27
n. s. s.
-134
-3
28
29
30
i
13
31
47
8
.
-21
-13 ;
-18 !
-17
^
n. s. s. i n. s. s.
0 ;
-2 j
-1
:
•:
_...'
-33
i
-79
-6
11
•;
-71 I
-72
:
37
-54
|
i
i
I
3 i
-2
6
33
33
34
35
36
37
-8
-10 i
3 i
-1 |
-34
-45
2
9
38
30
40
41
53
42
39
i
55
-16
.....j
-16
5 i
76 I . . . . . '
35 i
j
-13
~~- i
671
599
!
<
-412
5
. .
3
....
4
-9
2
3
4
5
6
n. s. s.
91
23
93
1
1
888
349
58
51
274
28
104
—8
Other
countries 7
n s. s.
14
58
-433
Dependencies6
58
1,129
596
386
15
19
-140
2,083 |
Line
1739
I
1
1
-36
other
it. s s
2,545
1,629
i
Europe
1,129 j
fn s s
65
6
-
222 1
27
-127
-3
i
482
480
..i
j
—1
43
44
(*)
:
5 '
i
61 1
3
-5
5
lo
3
—8
40
-1
i
47
52
48
-125
49
i
-23
-2
-119
248
12
70
521
464
568
39
-367
-107 I
434 i
60
155 \
-2
5. Exports of goods and services to the sterling area have been adjusted to exclude exports
of military end-use items and services financed under military aid programs, and to include
in merchandise for the total sterling area, but not for the United Kingdom and the other
component areas "special category" exports sold or transferred under other aid programs,
(For "special category" goods, see "Foreign Trade Statistics Notes" for February 1953 published by the Bureau of the Census.)
2,545
65
T
45
4
(*)
-22
-21
979 1
|
24
102
15
!
-438
99
All
other
countries 4
99
127
35
(X)
j
-173
International
institutions
4,299
-3
-3
21,265
f 4, 281
n. s. s. 1 4, 096
[
185
1,210
16, 984
12, 383
945
1,210
Latin
American RBpublics
Western
Western European Eastern
Europe ! depend- Europe
encies 2
3, 006
2, 048
uo
Sterling area 5
5
-3
i
400
0. Sterling dependencies include Bahrein and Kuwait.
7. Other sterling area countries include the Anglo-Egyptian Sudani am' Egypt until June
id
1947 and Jordan since July 1950.
SURVEY OF CURRENT BUSINESS
24
Table 4.—United States Balance of Payments*
[Millions of dollars]
Europe—OEKC countries '
1948
Item
Line
1949
IV
III
Exports of goods and services, total-
1,765 1,423
Supplies
Services, including freight Other goods and services, total
Merchandise, adjusted _
Transportation:
Freight
Other
Travel
77
74
1,334
1,714 1,371
1,407 1,092
11
57
11
108!
60
14
Imports of goods and services, total
Merchandise, adjusted, excl. military
exp.
1,310
1,497
1,0511 1,201
41
1,514
1,207
104
63
11
20
8
5
20 i
8
38
22
7
5
24
23
United States capital, net, [outflow (—)],
total.
484
249
536
272
569
254
608!
291J
602
289 j
31
43
31
36
54
56
47
35J
211
37
46j
19;
0
2,044j
223
14
221
9
198
357
492
486
816i
324
11
178
20
305
52
457
35
471
15
7781
38 [
1,045 1,136
783
848
1,408 1,281 1,602 1,504
929 1,156 1,136
1,060
.,189
865
929
631
1,228J
840
113
93
8
63
106
12
34!
98!
42
96
70|
16)
30|
8|
30!
12
106
329
20
86
1001
12'
109
95
7
36
23
7
24
33
12
16
26
7
32
37
13
92
519!
244!
516!
229!
29
12
7
609
247
699
326
795 i 841
463! ' 521
907
524
891
463
856
443)
36 i
35
24
46
16
y*
46
15
yi
54
1
55
948
46
78
67|
10!
1,000| 1,073! 1,1521
496 [ 473!
64
73
50 i
54|
76;
82;
50!
60!
35!
67
57
24
33
94
75
68
88
1041
52i
24|
uy|
53
23
100
55
28
MO
ZH
(
ou
nu
*»
'
.->/'
«
•-to
53!
30;
osj
52i
23!
«»i
1
54
1
68
1
42
ll
55
2
52!
3!
81
1
53
3
51 i
4
50i
3J
972
674
622
567
490
487
525
X5I)!
1
i
49
1,281
887
309
!
551
28 j
80!
55! '
43!
54
24|
ZOO
I
69
4
51
4
49
4
49
7
71
8
725! 944
I
944
681
342
892
,127; -1,295 -1,035 -938 -882 -970 -744 -880J -843 -1,020 j -912j -832 -703 -1,017 - 964 1- 1,153
-90
-51
-52
—6041 —655
13j
16
-79
-77
-879
14
-94
13
-29 -501
38
39
40
41
Government, net, total
Long-term capital, outflow .
Repayinents
Short-term, net
-489!
-5741
49!
I
•>/!
l'
-112
Foreign capital, net, [outflow (—)], total...
-62
-52
-75
-61
-63
-53! -59
Long-term investments in U. S.:
Direct and portfolio other than
U. S. Government securities.
Transactions in U. S. Government
securities.
-312
-68
-155
-50
-66
-87 -263
—29
-18
26
-13
-13
-9
-15
-51
-45 -234
-39 -23
1
6
-14
1
-23
11
1
-27
65
-12
18
— 16
()
'
-19
-18! -508 [ -283
-41 -521! -316
22!
361
31
2
-26|
374
-42
-45J
-43J
-58
-48
-49
i
1
-30l -26 -13 - 146
25
62|
6 -65
-94 -143
-118! -27
23j
26
l!• —142
|
-146
-55
|
80
184
519
~64
-95
30
fy
14
-38
45
7
-loi
-34
27
-86
-18
0
40
-7
55
-S
ll|
97 -67
-5 -110
98 i
46
_3
4
-85 -69
-133 -191
33
110
15
12
218
97
206
111
-19
150
-20
624
-29
j
23 !
Short-term liabilities to foreign banks
and official institutions.
57
Other short-term liabilities
- 172
•
!
Ill
-2R3J -403
26
-109; -149J
i
-1351
Foreign capital and gold. total-
302
483
343i
221 i
387
!
9lj -255
400
646
1. "OEEC countries" and "Western Europe" include the European Payments Union and
the Bank for International Settlements. "Western Europe" includes Finland, Spain, and
Yugoslavia.
234
9
41|
18
-17
23
36
17
72
8
-3
7
36
17
150
121
28
-34
-91
-11
9
7
34
47
i
-33
46
85
40
221
572
1 -40
-62
(
10 1
|[
11
(-97
-23!
1
7!
!
-46) -511 -42! -29! 40
_42j -59 -48' -47 -26
27
37
28 i
34
74
—8
-31 -29 -22 -16
j
244
-481
i
'•
•
-3491 -335 -19*! -357 -492 -486; -816
-630 -53S -57 Li -293 -469 -425
-266
4
4i -5! -5
-7
-7
I
\
j
j
IIS!
34 -57J -151 -96
-35
-5
-20
78
1
i
i
-66 -27
-75! -19
-lOJ
75 -63
10
-33
-19
1
13
-4! -28] -15
-6 -12
13
_ -. .
1
1
1 (*)
6
1
1
ii
i
12
-70 -21
8
-7 -33i -23
-9
15
17 -20!
20
-4;
88 -191
19
-63
-50
-53
-41 1 -41 -35 -45 — 5S -123 -237 -230
, 016 -1,186! -941 -808 -771 -846 -564! -594 -578
-6
-1 -20
-5
-3
-4|
10
7
2
i
-111
-10
1
36 i
-60
i
—G01!
-112
-21
1,681 1,415
335
26
8j
271
17
14J
528 S
185]
IV
!
Private, net total
Direct investments, net._
New issues
Redemptions
Other long-term, net
Short-term, net..
Errors and omissions and transfer of funds
between foreign areas [receipts by foreign
areas (—)], net.
III
1,757 1,616 1,800 1,861
230
861
93S
10
5831
2l3i
32 i
33 !
34j
35
36
37
Gold sales [purchases (-)]
237
1,1611 1,103! 1,041 1,041
'""' '•-"' 784! 785 j
27 i
121
5;
Unilateral transfers, net, [to foreign countries (--)], total.
Private remittances..,
I
IV
65!
23
123
45 j
35
111
75
14
112
63
14
22
Income on investments:
Private
Government-...
Government:
Military supplies and services
Other grants
Pensions and other transfers
1,008 1,282 1,366
48
Miscellaneous services:
Private
Government (excl. military exp.) _
Military expenditures _ _
Balance on goods and services-
III
15
Transportation:
Freight
Other
Travel
25
IV
! III
1,202 1,138] 1,086 1,
411
Miscellaneous services:
Private
Government-.
Income on investments:
Direct investments._
Other private
Government.-.
-
II
115
8
53
64
10
46
5
IV
1952
1951
1950
III
1,555
1,411 1,384] 1,550
52
Military transfers under aid programs, net, total.
II
Western Europe '
13
39
72
42
-19
11
-7
1641
461 -263
-105
-74
17
143
37
655
562
595
-204;
291
327
556
560
592
509
720
84
54
11
-696
-551
2
1
227
87 -285 -478
-454
208
625
198
27S
Q:
-16
105 -296
j
138 -164
-186
102
357
332
270
i
2. "OEEC dependencies" include Netherlands East Indies and French Indochina through
1949. "Western European dependencies" include the Spanish dependencies
BALANCE OF PAYMENTS 1919-58—REVISED SERIES
25
by Areas, 1948-53 Quarterly
[Millions of dollars]
OEEC dependencies 2
Western Europe '—Con.
III
I
IV
I
II
2,059
2,172 1,666 1,851
1,012
1,127
669
1,079
48
642
27
1,045
745
997 1,190
666 818
35
83
9
35
93
12
31
99
12
71
22
72
20
35
12
26
43
8
17
IV
III
I
II
I
IV
III
1952
III
II
I
IV
1953
III
II
I
IV
II
165
177
IV
III
627
34
1,047
754
II
I
1951
1950
661
972
40
IV
III
II
Line
1949
1948
1953
Western European dependencies3
1,C72
551
218
222
190
212
247
244
228
206
144
161
153
191
195
196
165
186
159
187
1
190
153
212
174
247
210
244
199
228
181
206
158
144
116
134
99
161
111
153
107
131
102
165
123
188
141
191
133
195
150
196
149
165
119
186
126
165
125
177
131
159
117
187
126
5
6
32
90
8
12
11
2
2
9
2
3
9
2
2
16
2
2
15
1
3
9
3
3
10
1
1
8
1
1
8
1
3
8
3
2
8
1
2
9
1
1
11
1
2
13
1
2
14
14
2
1
10
1
3
10
2
5
9
2
3
11
1
1
10
9
2
8
1
3
7
8
9
68
20
77
17
2
3
3
3
2
3
3
4
3
3
2
2
3
3
2
3
2
4
o
4
3
1
10
11
36
13
52
33
8
107
15
22
14
23
29
32
19
33
32
15
26
29
39
25
31
26
44
23
30
26
44
1
12
13
14
1,257 1,276 1,232
673
568
588
2
2
2
()
*
C)
13
20
I
1
212
187
184
155
177
153
196
172
223
183
184
152
8
10
7
7
14
1
C)
6
5
4
5
5
5
56
27
236
53
25
278
53
21
292
55
22
351
1
11
1
16
1
13
1
12
55
7
57
7
53
10
72
11
1
1
1
B87
915
390
619
6
38
13
16
24
60
74
-1,403 -1,540 -963 -939
-4
-2
-14
-2
-6
_4
-21
-58
-4
-3
-1
-1
-2
1
-13
(*)
i
-19
193
165
197
174
210
186
232
203
276
251
325
292
301
265
284
244
251
200
374
308
305
250
231
175
291
237
290
231
297
240
257
200
282
236
15
16
4
10
4
10
4
9
3
7
4
13
4
11
5
11
7
10
6
17
7
13
7
14
8
9
6
16
6
15
7
13
5
10
17
18
19
14
1
7
1
1
13
1
14
1
13
1 C)
1
2
22
32
2
39
2
32
2
33
2
34
32
1
33
(*)
1
35
1
1
1
1
1
1
1
1
1
()
*
-56
(*)
1
1
15
1
( )
X
— 1,012 -1, 127 -669 -661
-333 -345 -232 -216 ( )
•
-4
-11
-6
-6
( )
X
1
(*)
10
(*)
1
(*)
(*)
(*)
1
8
1
()
*
13
-53
-76
-11
-5
-3
-4
-3
-3
-3
-8
-5
-3
-6
-5
-4
-5
—3
-5
—5
-4
-5
4
-5
-10
-17
-10
—5
-8
19
-40
93
4
36
-8
-15
-4
3
-28
—28
-35
-36
-15
-12
4
2
-6
-7
-i!
— 16
-12
—7
-6
-4
-5
-5
-4
3
16
40
2
70
17
1
62
-19
1
52
-64
(*)
(*)
-3
1 (*)
(*)
1
3
1
9
-2
53 -48
-22 -113
70
70
5
-5
102
-17
123
-4
-1
(*)
(*)
223
-5
-20
27
41
30
-4
9
-37
7
1•
-1
-1
-81
440
393
1
(*)
1
-1
-1
-
-3
(*)
_}
(*)
-18
-2
(*)
-2
-3
-1
4
10
18
JO
(*)
45
1
-21
2
3
-16
8
7
5
7
8
6
-17
-21
5
5
5
6
8
4
3
-5
3
-.1
9
1
-1
1
-2
4
-3
(*)
(*)
(x)
-26
28
2
C)
-3
-5
-6
(z)
—2
—1
—1
2
-2
1
11
4
-18
18
8
17
-20
103
297
121
2
2
3
3
3
4
5
5
3
496
569
674
344
-3
-18
30
1
1
14
9
-13
21
-143
-90
-89 -111
-1
7
6
0
-23
-48
-62
22
45
-26
26
-41
*505
45
(x) Less than $500,000.
1
4
45
-25
32
40
107
95
u
9
-4
31
-24 -19
-8 -23
-10 -22 -14 -25 -18
32
33
34
35
36
37
1
1
-3
-2
-24
1
-2
-1
—1
()
x
30
6
16
32
27
-2
1
1
9
1
5
1
-1
3
—1
4
-3
38
39
40
41
-5 -18 -22
42
1
-1
1
24
10
13
27
23
3
-5
4
-2
2
4
3
2
1
1
1
3
1
1
43
44
10
-2 -22 -20
45
-4
1
215
1
()
*
()
*
r-27
31
22
2
4
-30 (*)
l(')
-19
2
26
27
-9 -27 -12 -24
9/1
227
65
-2
-1
1
(*)
2
1
-6
-5
-6
28
29
30
5
(*)
-6
-5
—1
(*)
-15
377
25
—5
—1
( )
X
-60 -179 -109
-5
-35
466
-66 -105 -125 -120 -98 -95
-2
-96
-5
-25
3
23
24
-4
2
(*)
20
21
22
1
(*)
-4
87
(*)
(*)
()
*
(*)
-3
-12
3
1
1
-3
146
1
19
-71 -123 -194 -136
63
(*)
C)
1
1
( )
X
(*)
()
*
-2
1
(*)
6
6
154
131
7
6
-57
3
(*)
54
51
48
-9
188
222
191
66
86
122
-j?
165
218
186
65
88
96
44
131
3
4
56
57
27
-52
134
4
32
7
17
33
30
10
141
94
55
175
93
54
89
148
4
-1
46
1
1
10
47
-4 -17 -12
48
144
49
141
135
SURVEY OF CURRENT BUSINESS
26
Table 4.—-United States Balance of Payments
[Millions of dollars]
i
Other Europe 3
ine
1948
Item
I
1
Exports of goods and services, total
49
55
1950
i
I
11
54
54
111
59
IV
I
49
47
III
11
44
5
6
42
Transportation:
Freight
Other
Travel
3
2
1
1
3
2
2
2
2
10
11
2
3
1 (*)
2
12
13
14
Income on investments:
Direct investments
Other private
Government
59
48
47
38
49
43
1
2
9
1
1
2
o
2
2
1
Miscellaneous services:
Private
Government
It
54
45
Other goods and services, total
Merchandise, adjusted
..
.
20
21
22
23
24
Income on investments:
Private
Government
61
55
56
48
61
48
1
2
2
1
2
3
1
1
1
3
5
2
(*)
(*)
(x)
(*)
-7
-14
-18
-21
-18
Unilateral transfers, net, [to foreign countries (-)], total.
Private remittances
28
29
30
Government:
Military supplies and services
Other grants
Pensions and other transfers
g
—1
31
United States capital, net, [outflow (— )],
total.
43
44
45
46
-6
45
75
94
77
84
5
6
8
4
54
40
45
39
75
67
94
84
77
65
84
74
5
2
6
2
8
1
4
2
2
2
1
2
1 (*)
3
1
6
2
2
2
(*)
—1
—6
-23
-7
-8
1
14
3
17
-13
1-
47
Gold sales [purchases ( — )]
4
Foreign capital and gold, total
3
-22
49
Errors and omissions and transfer of funds
between foreign areas [receipts by foreign
areas (— )], net.
-5
62
-13
1
1
1
1 (*)
2
1
1
1
1
1
1
1
6
1
2
1
4
(*)
2
-15
17
1
16
(*)
(*)
-14
1
-15
(*\
9
-12
-13
-11
2
-11
-14
-10
7
-6
-1
-9
-8
-12
(*)
-3
-3
O)
!
2
1
5
-13
-10
10
-3
3
1
2
1
-b
—6
43
39
66
60
1
1
1
1
1
1
1
1
(x)
4
-10
(x)
-7
6
(*)
4
1
6
1
1
5
-3
-13
-34
-15
-9
5
11
-10
27 j
41
3
15
8
15
3f
10
9
(*)
(*)
12
31
10
9
1
(*)
1
1
1
29
34
18
Cj
-35
-40
-24
-18
-9
-6
-3
-4
—6
-34
— 18
— 12
-6
-16
-23
1
2 0)
2
—1
-3
10
(*)
11
-1
-13
-1
(*)
-7
9
1
1
-17
16
1
-5
(*)
-12
0)
2
6
5
-2
3
3
-16
c
-17
0
1
1
-1
1
-1
-4
-
(*)
-1
r:
-2
-2
-S
3
25
If
22
42
-11
10
4
(•)
-1
4
,>
<«)
-3
-1
8
-17
1
-3
4
1
(*)
13
-18
17
-9
(*)
1
-5
-9
-1
11
1
2
-3
-9
7
6
5
-12
11
11
1
1
1
8
—28
-1
(*)
2
1
(*)
0)
—6
-1
3. Including Finland, Spain, and Yugoslavia.
65
59
10
—1
(x)
-10
67
63
-10
-17
2
(*)
55
51
1
(*)
-6
4
12
-10
<«)
3
6
(*)
(X)
-11
-8
-14
1
2
(*)
1
(*)
2
(*)
(*)
-2
17
2
1
2
2
1 (*)
—1
$
(*)
(*)
(x)
(z)
5
1
3
1
(*)
1
(*)
2
1
(•)
-15
-33
-33
(x)
(*)
]
(*)
-1
2
48
1
1
2
0
-1
-23
1
1
2
1
(*)
3
-24
57
52
-14
2
—5
30
-1
63
57
-13
25
(*)
50
44
5
17
2
1
51
44
17
(*)
2
-1
-8
i
1
(*)
0)
3
7
(*)
1
—7
(*)
(')
2
2
2
(*)
42
34
-20
-8
-1
2
(*)
42
31
-20
-8
1
2
2
(*)
7
— 15
7
1
2
1
2
-16
(*)
1
2
(*)
2
8
-15
Long-term investments in U. S.:
'
Direct and portfolio other than
I (*)
U. S. Government securities.
Transactions in U. S. Government
securities.
(:r)=less than $500,000.
1
46
37
4
(x)
1
Other short-term liabilities
46
34
44
36
1
1
(*)
-31
Repayments
Short-term (net)
Short-term liabilities to foreign banks
official institutions.
3
1
1
-4
(*)
(*}
1
1
(*)
(*)
(*)
47
27
Foreign capital, net, [outflow (— )], total- ..
(*)
5
1
2
(*)
26
Government net total
3
'j
2
58
43
Balance on goods and services
42
(*)
1
25
Private, net total
Direct investments net
^Vew issues
Redemptions
Other long-term net
Short-term net
1
(*)
1
1
(*)
Transportation:
Freight
Other
Travel
Miscellaneous services:
Private
Government (excl. military exp.) ._
IVIilitarv expenditures
9
2
(*)
1
1
1
Imports of goods and services, total
Merchandise, adjusted, excl. military
exp.
17
18
19
38
39
40
41
IV
.
55
32
33
III
Supplies
Services, including freight
49
38
15
16
II
I
IV
III
II
1
108
98
8
9
I
IV
54
46
Military transfers under aid programs,
net, total.
3
4
1952
1951
j
in ! iv
II
108
- -
1949
Eastern Europe
2
18
21
-1
4
-4
3
-9
10
1
14
27
BALANCE OF PAYMENTS 1919-53—REVISED SERIES
by Areas, 1948—53 Quarterly—Continued
[Millions of dollars]
Eastern Europe — Con.
Canada
1953
1949
1948
1953
1952
1951
1950
Line
I
III
II
I
IV
IV
III
II
II
I
IV
III
II
III
I
IV
II
III
I
IV
II
I
IV
III
III
II
IV
4
2
()
*
2
1
1
1
1
668
609
753
617
591
538
735
684
805
797
1
2
995
935
-1
-1
-1
-1
1
-1
i
...
..
-1
-1
3
4
970 1,149
790 926
996
777
936
726
5
6
974
843
853
840 1,049
955 1,011
1
648
497
614
490
668
513
609
471
753
566
617
452
591
436
538
396
735
523
684
499
805
593
797
637
971
772
843
631
853
642
3
7
21
()
•
1
614
548
435
9
8
10
5
()
•
<")
548
9
10
1
3
2
969 1,149
3
4
648
I
6
7
31
6
9
37
4
8
24
4
6
26
5
7
45
6
7
63
3
7
31
4
10
30
6
13
49
5
13
68
5
13
46
7
12
45
11
13
61
11
13
89
9
14
51
9
17
54
16
18
83
15
16
98
13
15
59
9
10
58
11
12
84
11
14
103
9
13
62
8
9
17
16
2 ()
*
18
1
18
18
1 <«)
19
1
18
1
18
1
20
18
1 ()
•
21
1
19
1
21
1
22
1
22
21
3 ()
•
24
17
27
26
2 ()
*
22
4
22
7
23
3
26
1
10
11
29
25
2
71
29
58
25
85
27
()
*
42
27
66
29
52
27
96
30
(*)
44
32
65
27
(x)
44
32
57
30
42
33
92
30
44
33
57
30
32
33
66
33
12
13
14
17
()
•
41
60
24
28
()
•
()
*
4
(x)
94
30
52
29
(x)
840 1,049
674 804
83
29
()
*
32
33
954 1,012
722
776
(x)
()
x
-8
-9
1
-4
—4
-8
483
385
539
348
529
442
470
403
580
474
698
500
670
570
613
539
693
579
753
552
717
610
638
552
718
573
796
575
833
645
703
579
791
631
869
604
777
605
15
16
8
10
54
10
11
147
8
11
42
9
10
22
9
10
63
9
10
153
9
10
37
9
10
24
11
11
53
11
13
146
11
12
38
9
13
22
11
13
50
11
12
144
10
12
39
10
13
22
11
13
51
9
13
144
11
14
40
8
12
25
11
12
58
13
12
156
13
12
43
17
18
19
3
1
6
4
1
8
3
1
5
3
1
4
3
3
1 ()
•
6
1
6
1
5
6
1
6
7
1
8
7
7
1 C)
14
10
6
1
20
8
1
27
7
1
26
1
77
6
1
43
6
1
42
f
1
54 "~53
20
21
22
8
1
23
1
16
1
19
2
14
2
11
1
18
2
191
-12
107
160
270
78
i
-3
-4
-3
-2
3 ()
•
-6
-4
449
379
2
-11
-4
561
474
152
1
626
421
3
1
3
1
1
1
457
366
8
10
24
()
•
(«)
(*)
<*)
8
8
9
8
11
11
396
338
8
1
12
10
M
8
.
1
7
12
2
17
2
15
3
24
3
14
3
20
4
12
4
22
3
11
3
31
15
6
33
5
24
25
20
4
43
t
23
24
62
68
155
-14
135
184
281
90
136
202
331
159
178
266
358
126
158
25
—4
—2
-2
—3
-2
-1
-1
-2
-1
—2
-2
-1
-1
-2
—82 -542
-1
-81 -541
-64 -101
—38 —67
39
4
-14 -290
6 -4 -87
(*)_
— 52
W
26
-3
—£
-1
-3
-5
1
2
-1
-2
-62
1
-1
-97
-57
20
-35
-22
-98
3Ji
-90
-12
-31
1
—1
— 7 -197
-22 -60
20
25
-35
-30
-22
-3.5
40
-17
13
5
-8
—2
10
1
7
-98
— 18
—97
6
9
2
-90
— 70
—56
35
()
*
-1 (*)
-1 (*)
()
•
9
6
4
1
1
1
1
-1
-1
-1
-1
2
2
7
8
16
-2
1
"1
4
-50
-50
1 ()
•
(x)
-90
-90
140
1
—7
-8
1
83
1I"
-13
(x)
(*
")
12
-2
(x)
118
53
-95
63
30
21
-12
17
-27
-3
8
-12
82
96
101
-2
—2
-1
101
82
117
16 -174 ; -194
(x)
'
()
84
82
13
(•)
(*)
103
-1
-1
(x)
140
58
8
80
-92
55
42
—1
-1
()
*
70
i:
-17
61
-2
-30 -219
-19
(*)
-23
509 -416
48
-96
61
-9 -238 -165 -148
28
-36 -125
32
33
34
35
36
37
(x)
-4
1
(«)
_2
-2
1 -2
.
1
-1
103
4
175
9
-8
73
99 -14 -234
48
3
33
43
5 -56 -22
44
6
4
20
6
41
16
-28 -120 -152 -225
1
6
11
26
167
—9
76
45
65 -62
21
34
46
-2
-1
47
46
82
48
-78 -143 -268 -208 -149 -72 -114 -88 -93
49
62
255
35
57
61
38
56
42
67
-41
87
-20
26
-1
-3
-7
-1
2
102
1
168
72
103
-1
t
69
60
586
-73
-90
70
-61
-43 -129
-27
-56
-59 -126
-10
42
50
116
-2
83
-83 —86 -180
-101
-1
38
39
40
41
(x)
(x)
-56
-1
—2
-57 -225 -16 -127 -177 -7 -79 -145
-34 -198 -58 -130 -103 -114 -127 -69
-102
— 53 — 53 — 17 —35 —90 — 17
11
4 12
2
81
4
23
6 45 30
12
62
34
-1
K
-1 -2
14
27
8 —5
61
_ e
-1
(x)
-18 -128 -179
31
2
228
28
29
30
— b -81 -146
-57 -228
-89
12
98
-15 -15(
Cz)
U
(-)
588 -176
10
—1
_1
(x)
-1
-1 ( )
*
()
•
(*)
1
]
27
—2
-30 -218 -15 -15*.
-44 -55 -27 -114
—8 — 146 — 56 —92
11
9
61
-4
8
4
-26
-1
35
39 -20
94
-24
-16
74
-1
-1
-1
1
101 -13 -234
SURVEY OF CURRENT BUSINESS
28
Table 4.—United States Balance of Payments
[Millions of dollars]
Latin American Republics
Item
Line
II
I
3
4
5
6
7
8
9
1,089 1,096
841
862
Other goods and services, total
Merchandise, adjusted
Transportation:
Freight
Other ._ _
Travel
Imports of goods and services, total
Merchandise, adjusted, excl. military
expendures.
Government (excl. military exp.)-Military expenditures
Income on investments:
Private
Government
II
856 1,004 1,122 1,143
IV
III
1,269 1,334 1,397 1,347
934 1,056
779
680
1,005
783
908
691
868
624
846
614
817
600
856 1,004 1,122 1,143
691
636
791 857
33
33
33
33
1,269 1,305 1,364 1,314
975
964
986
950
Unilateral transfers, net, [to foreign countries (-)], total.
Private remittances
Government:
4
2
17
4
2
1,257 1,105
769
915
1,147
804
35
26
34
37
28
36
32
23
24
30
25
26
34
27
33
38
31
37
46
30
30
50
33
27
60
35
28
64
37
31
56
33
27
58
36
31
63
39
39
53
41
39
49
36
29
25
3
28
4
30
5
31
5
31
4
32
5
29
29
29
33
33
36
35
5
36
5
42
6
41
8
39
9
41
6
48
7
104
3
2
122
6
4
123
4
2
139
6
4
89
3
2
77
6
4
100
4
2
111
5
4
97
4
2
84
4
5
163
5
2
178
5
129
5
2
148
4
4
148
5
4
227
3
6
146
5
3
143
4
6
149
161
6
841
719
784
678
723
594
743
635
794
674
722
612
705
577
751
638
840
718
936 1,235
815 1,075
1,052
906
885
728
962 1,080
801
908
9
31
39
10
30
46
13
31
37
11
35
50
10
33
40
11
36
51
13
32
41
13
31
54
16
32
42
18
36
55
21
33
43
28
41
63
28
34
46
22
36
59
24
43
48
19
48
66
4
17
8
5
16
3
4
16
21
5
15
2
3
16
2
K
16
5
17
5
17
4
16
2
16
2
16
2
14
1
11
12
3
12
14
8
13
14
9
13
15
14
2
4
1
2
1
4
2
1
2
3
1 (•)
3
1
3
1
313
211
-92
217
3
(•)
(•)
312
211
-12
-14
-14
-20
-8
-9
-10
-11
2
(•)
2
3
1 (•)
186
163
-15
-21
-6
— 12
753 1,055
637
921
2
<")
(•)
1,019 1,063
882
853
1,081
926
19
48
56
20
54
67
24
50
46
13
16
7
13
18
8
11
16
9
11
15
5
3
1
2
1
3
1
3
1
«)
]
449
435
267
255
46
68
95
-23
103
-51
-17
-19
-15
-15
-13
-15
-14
-15
-46
-54
-49
-37
-26
-23
-9
-10
-7
-8
-8
-10
-10
-9
-12
-14
-9
-11
-16
-15
-33
j?
-33
-17
-4
^
—£
186
-87
-57
11 -153
-110
-33
17 -140
-33 -139
-97
-106
-27
—108
73
-81
139
-20
-15 -114 -197
-34
-30 -108 -165
-235
-14
-69
-3 —77
-40 -78
135
18
—16
— 14
4
-20
-30 -103 -153
1 -53 -84
-230
-118
27
-14
-62
-61
3
-4
2
2
-6
121
3
18
-23
-20 -109 -146
-29 -15 -105
-10
2
6
8
-4
-9
10
3 -98 -34
2
-4
-17
-23 -17
7
13
— 1 (•)
4
-27
9
22
-4
-16
12
-20
Private, net, total
Direct investments, net
New issues ._
Redemptions.
Other long-term, net
Short-term, net
-84 -133
— 72 -89
2
12
-26
4
12
-60
1
7
42
4
7
-12
2
5
2
38
39
40
41
Government, net, total
_
Long-term capital, outflow
Repayments-.
Short-term, net...
-3
-22
7
12
76
-13
10
79
-6
-17
11
-13
-25
12
-13
-20
-17
45
12
64
13
95
-1
112
-41
1
154
69
68
-8
3
8
8
1
2
-7
(1
2
15
-6
(«)
-3
21
-1
2
53
9
56
5
94
-3
119
-42
-16
160
51
{ U
-15
-81
-55
-27
-10
-17
87
71
35
54
73
235
-76
-32
-36
-43
37
3
78
86
183
—f
208
142
303
-15 -133 -104
-178
-95
Foreign capital, net, [outflow (— )], total...
Long-term investments in U. S.
Direct and portfolio other than
U. S. Government securities.
Transactions in U. S. Government
securities.
45
Short-term liabilities to foreign banks
and official institutions.
46
Other short-term liabilities
..
47
Gold sales [purchases (— )]
48
Foreign capital and gold,
49
Errors and omissions and transfer of funds
between foreign areas [receipts by foreign
areas (— )], net.
total
2
-29
United States capital, net, [outflow (-)],
total.
1,149
17
45
21
26
Military supplies and services
(x)=less than $500,000.
1,274 1,109
44
21
28
32
33
34
35
36
37
43
IV
39
24
30
248
26
44
III
46
21
28
3
Balance on goods and services
42
II
I
46
19
24
(•)
25
31
817
I
7
34
49
_.
Miscellaneous services:
28
29
30
846
IV
III
24
5
_
Transportation :
Freight
Other
Travel ..
27
868
II
28
1
Income on investments:
Direct investments
Other private
Government.
_ _.
23
24
908
I
Supplies
Services, including freight
12
13
14
20
21
22
1,005
IV
III
29
Miscellaneous services:
Private
Government
17
18
19
934 1,056
II
1952
1951
1950
Military transfers under aid programs,
net, total.
10
11
15
16
I
IV
III
1,089 1,096
1 Exports of goods and services, total
2
1949
1948
.
I-
H
-117 -205
(•)
-165 -177
7
-89
8
-6
-24
18
(•)
-210
1
3
33
-212
(•)
1
5
-5
-24 -16
11
16
13 (•)
-69 -129 -199
-51
-62
12
—1
3
6
32
9
-12
-12
-23
12
-1
-116
£
-22
16
1
-41
-50
9
-28
21
-77
10
53
90
48
r
1
-]
£
1
1
^
-1
12
14
33
42
46
11
34
-5
-95
1
36
5
42
91
84
-58
59
-97
-60
4
18
-5
16
-68
-79
-38
-50
12
(•)
"Hi
i
-5
-16
lc
61 -125
1
6
24 —157
38
29
-8
-153 -240
— 7f
-27
-169
BALANCE OF PAYMENTS 1919-53—REVISED SERIES
29
by Areas, 1948-53 Quarterly—Continued
[Millions of dollars]
All other countries *
1953
I
II
1,043
1949
1948
IV
III
I
1,097 1,076 1,176
5
8
15
8
14
1
IV
7
1
1, 038
721
1,089 1,061 1,168
768 734 826
II
I
I
IV
III
II
I
IV
III
III
II
I
IV
I
IV
III
II
II
Line
IV
III
786
()
*
()
*
871
880
734
662
615
612
566
682
931
953 1,131 1,120
990 1,058
1
9
18
8
5
2
2
23
36
67
68
54
104
50
74
140
132
132
135
2
46
()
*
837
819
46
784
8
5
III
II
1953
1952
1951
1950
9
17
1
8
5
2
2
23
35
1
Cl
6
63
5
50
4
98
6
45
5
68
6
137
3
124 255 235
9 13
8
125 130
5
7
3
4
937 1,089 1,107
712 861
873
974
740
791
588
821
641
867
637
872
625
858
645
923
704
5
6
858 1,021
784
651
837
689
786
622
773
611
862
675
862
668
726
563
657
502
613
465
610
458
543
403
646
499
791
609
953
729
991 1,193 1,157 1,048
264
248
43
38
31
41
40
37
41
42
40
43
39
30
66
7
5
57
7
6
59
9
5
55
8
5
64
7
5
58
9
6
49
7
6
48
7
5
37
6
4
36
8
6
31
9
6
30
8
5
49
11
6
65
14
7
71
14
8
84
10
6
73
18
7
61
18
9
48
19
8
38
19
5
48
21
7
47
25
10
48
23
9
44
22
6
7
8
9
42
6
42
7
41
6
43
6
16
8
15
7
15
7
15
7
18
12
18
19
16
13
19
9
20
12
21
13
20
6
19
7
22
8
21
12
20
10
19
9
23
20
23
22
22
17
23
13
25
25
24
27
26
15
25
12
10
11
149
5
3
143
4
7
148
4
5
168
4
9
27
2
2
52
2
2
65
2
2
68
78
3
2
2 C)
80
2
2
66
68
1
3
1 (*)
65
3
1
63
2
3
65
2
1
76
1
1
82
2
2
101
2
2
97
2
2
96
3
1
87
3
3
97
2
2
83
1
5
77
98
3
3
105
4
S
81 102
4
4
4
7
12
13
14
1,085 1,050
922 .880
935
785
469
356
447
315
509
337
434
329
402
316
381
282
342
254
357
272
434
350
449
383
594
461
760
559
816
620
921
707
778
499
688
396
831
517
748
493
716
439
730
436
754
443
804
490
747
414
701
394
15
16
17
20
7
16
25
7
16
24
6
15
24
17
18
19
t
6
4
4
21
17
11
13
238 243 267 243
20
21
22
1
2
1
23
24
243
357
25
26
1,160
983
21
46
65
22
42
62
22
44
65
20
44
47
1
16
4
1
15
4
1
15
4
2
16
3
2
12
4
2
14
5
2
10
5
1
13
5
2
16
5
3
15
5
3
18
4
3
16
3
8
15
4
7
19
5
6
19
5
6
25
4
14
17
5
13
20
6
14
23
6
17
21
4
10
18
14
11
18
4
12
17
5
13
17
4
1
12
77
1
8
100
1
8
138
1
11
69
1 C)
24
13
52
53
1
14
53
1
12
49
1
15
44
1
12
30
2
11
93
2
9
164
1
10
156
12
167
1
12
233
1
12
241
2
17
258
1
15
198
16
214
231
2
1
3
1
3
2
2
3
2 C)
2
1
i
1
2
3
1
2 C)
2
2
1
1
1
£
1
1
2
1
^
-117
12
26
499
392
305
100
213
505
326
300
215
-24
-31
-36
-29 -243 -213 -325 -319 -313 -307 -309 -219 -212 -212 -169 -266 -237 -289 -234 -291 -203 -269 -313 -273 -442 -455 -335 -358
-12
-13
-16
-13
-5
-8
-9
-15
—4
-1
-8
-26
-104
-53
-15
-20
23
-66
53
-23
-2
2
4
-1
-11
-18
8
-1
3
15
71
1
6
69
241
315
KA
390
-48
2
3 C)
2
3 <•)
277
-39
CO
H "-193 "-169 -309
4
23
385
-43
469
-42
w
—44
-34
-37
w
i
181
-39
1
1
CO
CO
163
-32
-28
-26
-78
-28
42
-36
-32
-27
-30
-5
-9 -18
-46
-2 -2 -23 -36 -67 -68 -54 -104
-8
-219 -250 -231 -249 -159 -150 -161 -109 -190 -121 -175 -134 -135
-11 -12 -14 -18 -18 -21 -17 -11 -12 -13 -14 -19 -22
-29
-45
—78
39 -108
-61
-5
-29
-82
-19
-90
-94 -126 -107
-2
-20
-60
-48
-45
-43
-41
-54
-52
-43
-77
-59
52
14
-93
— 75
-46
-41
-27
-35
-30
-36
-73
-49
-9
-12
-74
-30
-20
-45
3 C)
-1
83
i?
-127 -106 -101
-147 -120 -120
14
19 i
20
77
104
29
-86
-1
CO
4
-1
4
-6
7
14
79
-1
108
-7
95
23
8
172
127
37
-5
-4
26 -124
3 -119
12
28
-2
1 (*)
CO
CO
C)
3 CO
-2
-16
12 -10 -19
0
1
4
3
1
-5
42 ««
1
-11
-13
-20
8
—I
-15
-18
3
-15
-20
4
1
22
-37
57
2
-23
-69
53
29
17
-30
39
«{
15
— 15
24
(]
-33
-29
36
—40
12
-3
22
_7
7
—15
23
—1
-45
-24
86
42
-50
-4
-9
-10
-1
-20
95
52
-49
-28
-17
-77
52
44
185
223 /
1
-87 -104 -157 -129
-54
-40
-40
36
30
3
29
-87 -104
-70
-63
-33
83
32
-7 -44 -59
55
9
22
}«
}-«
-88 -132 -128
45
-4
-71
197
50
-1
— 13
12
(X)
-30
-6
8 {MI C)
4. All other countries include Indonesia and the Associated States of the Indochina since 1950.
1
1
1
1
4 -26
j
1
-8 -IS
8
£
1
1
186
(I)
4
7
-17
-10 -16
—15 -16
4
8
1
-8
-60
-10
-17
-33
-95
-49
-5
-67 -43
-14 -14
1 C)
15
-6
37
37
-49 -66 -58
-56 -77 -70
4
6
6
1
7
6
-23
-71 -50
5 -43 -61
31
-37 -29 -16 -42
-19 -26 -18 -26
-10 -10 -6 -10
1
6
12
1
8 12
-21
6 -6 -18
32
33
34
35
36
37
-14 -13 34 -27 -19
-22 -22 -26 -50 -23
13
43
14
2
5 -4 17
2
9
38
39
40
41
21 -57
gy
-19
-6 -12
8 CO
8
30 -15
-90
-88
12
-14
-44
-47
5
-2
222
109
-1
202
127
112
40
-59
14
1
8
13
-10
1
-7
-2
-1
-1
1
-8
1
1
69
40
20
-34
193
17
84
49
82
32
90
-48
-15
-37
24
43
14
16
7
0
-9
9
4
215
246
152
13
218
134
112
31
-50
18
11
180
62
266 -103 -222 -128
33
171
103
1
CO
316
28
29
30
-78
-13
1
1
-27
377
2
-50 -74 -140 -132 -264 -248 -132 -135
-94 -135 -116 -80 -109 -143 -143 -166
05 -23 -23 -26 -27 -23 -22
-19
-45
CO
223
^
27
15
101
16
-34
]
-38 -43 -37 -37 -35
-40
-35
ie
102 -56
50 -92
42
-1
2___-1
43
44
30 183 -49
-18 -82 -6
44 -85
3 -6
45
46
1
1
2
103 -54
12
188
2
3
47
52 -89
48
151
49
83
SURVPIY OF CURRENT BUSINESS
30
Table 4.—United States Balance of Payments
f Millions of dollars]
International institutions
Line
Item
1948
I
1
II
1949
III
IV
I
III
II
II
I
IV
1952
1951
1950
I
IV
III
III
II
IV
II
I
IV
III
14
10
21
43
33
28
28
21
29
33
18
24
17
14
17
17
20
15
22
15
14
10
21
1
43
29
33
13
28
28
21
29
4
33
10
18
24
17
14
17
17
2
20
15
22
4
15
Transportation:
Freight
Other .
Travel
1
1
4
3
6
5
11
4
5
9
1
3
2
10
11
Miscellaneous services:
Private
Government
9
9
13
11
11
16
14
17
17
14
14
12
13
12
13
14
Income on investments:
Direct investments _ _ ._
Other private
Government .
. .
4
15
16
Imports of goods and services, total
Merchandise, adjusted, excl. military exp
15
13
2
Exports of goods and services, total
Military transfers under aid programs, net,
total.
3
4
Supplies
Services, including freight
Other goods and services, total
Merchandise, adjusted
5
6
7
8
9
17
18
19
Transportation :
Freight
Other
Travel . -
20
21
22
Miscellaneous services:
Private
Government (excl military exp.)
Military expenditures
23
24
Income on investments:
Private
Government
Government:
Military supplies and services
Other grants
Pensions and other transfers
24
2
32
12
14
18
12
4
1
26
4
10
1
6
2
19
5
3
1
20
8
29
8
1
25
2
6
4
<»)
(•)
3
1
2
2
2
2
1
2
3
2
2
2
2
2
4
4
-52
0
38
31
27
-5
14
25
31
-14
10
-1
10
-9
7
14
9
-7
7
—38
—15
-35
—24
-39
—24
—20
—24
—24
—29
—20
—15
—7
—6
—17
—21
—16
—2
—21
—3
(*)
—6
—1
(x)
(x)
(x)
-24
-36
-24
-20
-24
-22
-2
-29
-14
-14
-7
-21
-16
-2
-21
-11
-6
-6
-6
-5
-2
-6
-54
-6
-4 -101
-8
-53
2
-62
—1
-2
x
()
-13
2
-3
-8
1
1
-2
-50
-3
-1
-6
-51
-1
-61
(*)
—81
100
-21
(*)
(x)
—2
(*)
._
-33
-38
-12
-33
-64
5
-3
-3
-4
-4
-4
-4
-3
-3
-3
-4
1
-2
-2
-2
-2
-2
-2
-1
-2
1
-1
-1
7
-10
13
-13
41
3
-24
58
-53
47
-31
13
f
2 \ (-)
23
1
55
(-)
7
2
33
1
80
1
-56
-29
1
— 14
2
-4
-5
-81
2
-74
2
157
00
-30
-13
-7
-249
-2
-17
-76
-38
92
43
73
37
nss=not shown separately.
-4
-4
-18
62
Errors and omissions and transfer of funds
between foreign areas [receipts by foreign
areas (— )], net.
-24
-25
12
49
—1
-46
49
Foreign capital and gold, total
-5
-11
-11
-48
48
-6
-5
-5
-17
Gold sales [purchases ( — )]
-5
-6
-6
-69
47
-1
-4
-4
Short-term liabilities to foreign banks and
official institutions —
1-261
Other short-term liabilities
283
-36
-3
-5
(•)
—46
—94
-5
-2
-17
*45
-99
-2
-2
1
-3
-3
-261
-17
-6
1
—7
—1
1
2
2
1
Long-term investments in U. S.:
Direct and portfolio other than U. S.
Government securities
Transactions in U. S. Government 1
securities
»)=less than $500,000.
4
1
—33
Foreign capital, net, [outflow ( — )], total
46
7
3
5
5
14
1
Private, net, total
"Dirft^t invftsfrnftnts, riftt
New issues
Redemptions
Other long-term, net
Short-term, net
42
45
1
33
7
4
3
13
2
Government, net, total
Long-term capital, outflow
Repayments
Short-term, (net)
43
4
1
13
1
United States capital, net, [outflow (— )], total
38
39
40
41
44
2
14
-1
Unilateral transfers, net, [to foreign countries
(-)], total.
Private remittances
32
33
34
35
36
37
5
14
1
26
31
21
19
1
Balance on goods and services
28
29
30
62
61
21
3
3
3
3
15
(')
..
25
27
3
3
1
1
1
I
12
-83
-16
-66
6
-48
f-4o
too
57
1
6
—1
71
(*)
-50
-1
45
-33
7
3
-4
-10
12
7
12
2
4
-2
2
4
\
2
-25
2
-78
3
-20
25
-6
53
5
-20
56
-51
51
-35
15
43
33
89
9
16
20
22
17
-2
39
66
9
46
61
-20 -162
55 j
5. Exports of goods and services to the sterling area have been adjusted to exclude exports of
military end-use items and services financed under military aid programs, and to include
BALANCE OF PAYMENTS 1919-53—REVISED SERIES
31
by Areas, 1948—53 Quarterly—Continued
f Millions of dollars]
Total sterling area 3
International institutions
1953
I
16
1948
III
II
15
20
1949
1952
1951
1950
I
IV
14
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
678
655
£73
667
668
759
595
533
485
475
480
530
589
742
826 1,095
IV
19o3
I
II
III
IV
I
II
III
IV
973
703
580
750
640
578
592
735
n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n.s. s.n. s. s.n. s. s.
15
1
20
4
14
1
678
513
655
499
673
506
667
505
608
505
759
576
595
435
533
390
485
337
475
317
480
307
530
364
589
416
742
527
34
22
8
16
37
24
10
35
23
8
34
26
7
30
22
8
32
27
11
22
24
11
20
22
8
19
20
7
19
25
10
18
27
10
19
27
7
37
28
5
53
32
8
826 1,095
612
776
973
741
703
491
580
376
750
440
640
436
578
365
592
389
735
439
54
36
9
66
30
5
60
32
8
35
38
11
24
37
10
26
35
7
26
29
7
24
33
10
24
34
11
25
31
7
11
12
11
11
45
4
43
3
44
4
44
3
46
3
44
3
40
3
3
l
49
4
48
3
44
3
44
3
53
2
54
6
53
4
54
5
54
11
52
5
54
13
52
6
55
8
56
5
55
7
56
7
10
11
5
2
5
2
44
6
2
33
5
1
46
5
2
42
5
1
46
6
2
57
9
52
6
2
42
10
42
5
2
43
10
65
5
1
56
10
44
3
1
53
9
53
5
()
*
64
8
87
63
4
62
9
()
*
61
4
1
82
8
94
70
9
72
4
9
62
9
1
70
6
94
12
13
14
5
5
31
4
494
378
495
369
485
330
461
324
510
364
442
283
374
224
434
290
463
329
539
363
577
411
660
503
742
586
860
673
719
528
576
395
722
521
729
510
634
405
642
428
664
446
731
461
666
403
614
391
15
16
6
20
8
8
22
13
8
28
19
11
20
10
9
23
16
11
30
19
8
23
26
10
16
11
12
22
16
11
43
24
13
29
28
14
17
15
22
21
17
20
33
25
14
37
31
14
33
17
23
27
21
21
48
27
22
46
34
27
29
16
16
32
22
18
47
37
19
44
44
15
27
18
17
18
19
34
4
20
35
4
24
37
5
25
37
5
27
40
3
21
40
4
17
38
3
16
39
5
24
41
3
17
42
6
15
42
7
14
40
6
20
43
3
21
45
5
28
44
5
30
43
6
32
44
7
47
45
5
43
45
6
46
45
7
52
46
8
61
46
9
77
45
7
68
46
5
72
20
21
22
24
20
33
27
34
(x)
38
()
*
36
()
*
39
(*)
23
(x)
35
()
*
32
1
45
(*)
29
30
1
30
(«)
35
1
31
1
29
1
29
1
36
2
31
2
34
2
32
4
37
3
23
24
160
188
206
158
317
221
99
22
-64
107
519
251
-26
-54
108
-74
121
25
-78
-61
-78
-41 -181
-18
-17
-20
-19
1
1
27
4
4
4
4
11
10
-11
10
184
-36
-24
-2
-31
-15
-94 -172 -241 -221 -326 -268 -250 -211
-20
-18
-36
-24
9
5
1
9
5
-1
-2
-31
6
-14
-20
-17
-19
-14
-22
-14
-97 -130 -153
-245 -132 -154 -114
-19
-14
-21
-17
-118
5
-2
1
-162 -131
-17
-23
-124 -110
-21
-23
-155
-23
-124
26
-20
27
n s s n s s n s s n s s n. s s n s s n s s n s s n s s n. s. s.n. s. s.n. s. s.n. s. s.n.s. s.n. s. s.n. s. s.
-75 -157 -212 -203 -306 -252 -226 -195 -224 -116 -132
-95 -59 -43 -55 -21 -162 -143 -106 -101
-84 -131 -101
Q
i
i
i
_ i
i
,o
2
—• 2
28
29
30
-72 -279
-22
-27 -275 -131
-55
-73
-28
-76
-72 -112
-43
-20
-37
17
-40 -100
-89
-20
-14
-31
23
-21
-4
-72
11
-17
-31
-27
-32
-36
-57
-43
-47
-11
-37
-19
-49
-5
-20
-21
-53
-39
-62
-30
-97
-36
-59
-19
-23
-16
-44
-17
42
-4
-29
-25
-47
-27
-24
-20
20
10
-45
-27
-14
-13
31
-5
-13
-25
-34
-10
(*)
0
28
(«)
0
-4
(*)
o
()
•
-6
-8
1
-28
-9
(*)
-32
14
(«)
-8
-36
(*)
-15
16
<*)
-7
1
-4
-29
(*)
-14
-47
1
-11
-30
-22
15
-20
-7
1
-14
59
-24
20
-32
12
-26
22
1
-18
27
-3
-15
1
14
-16
22
14
5
16
-9
21
-45
32
33
34
35
36
37
-290
—300
7
3
9
5 -218
-1 -234
8
17
-1
-84
-91
10
-3
-18
-29
11
()
"
-24
-12
8
-20
-8
-13
18
-13
-23
-27
10
-6
-10
-17
14
-7
-15
-27
15
-3
16
-12
21
7
3
-9
10
2
7 -25
-5 -47
12
18
0
4
-11 -53
-67 -52
52
1
4 -2
-65
-80
()
*
15
31
-16
53
-6
-17
-12
1
-6
-8
-13
4
1
30
-19
55
-6
38
39
40
41
236
-12
-59
90
155
118
307 -422
3
17
-2 -126
7
5
9
14
27
9
-31
8
1
-17
-24 -153
-42
1
2
2
9
()
•
7
-36
24
-45
133
101
1
36
3
5
2
-20
2
-6
H
6
9
11
14
7
-73
17
—1
-27
137 } 103 -1 -107
227
-23
-73
83
143
99
-1
-4
-69 -219 -333
-19
78
-10
580
360
-36
23
-49
-81 -278 -243
136
196
297
158
363
52
-14
61
342
43
69
84
183
-1 -101
0
-1 -260 -489 -246 -261
132 -159
-39
269
-490 -347
-25
358
335
446
275
363
12 f 8
1 11
20
4
283 -434
in merchandise for the total sterling area, but not for the United Kingdom and the other
component areas "special category" exports sold or transferred under other aid programs.
-40
-37
-3
-8
-11
3
269
135
36
88
17
4
189
11 -165
42
2
-11
53
-4
0
8
-5
12
-17
31
17
39
41
7
-5
9
16
11
23
8
43
44
8 -154
-5
37
128
92
114
13
39
-10
73
1
-21
-18
-51
7
181
4
— 17 -171
1 -25
45
46
407
66 -340 -647 -522
-11
3
81
320
41
424
64 -466 -378 -387
25
91
98
324
230
271
145
-20 f-35
1 16
-36 -137
21
-26
169
403
-23
277
-61 -145
10
121
47
132 -165
48
118
49
172
(For "special category" goods, see "Foreign Trade Statistics Notes" for February 1953 published by the Bureau of the Census.)
SURVEY OF CURRENT BUSINESS
32
Table 4.—United States Balance of Payments
[Millions of dollars]
United Kingdom
Item
Line
1948
I
II
297
1 Exports of goods and services, total
1949
III
226
268
IV
I
251
II
276
III
334
I
IV
259
239
Military transfers under aid programs, net,
total.
2
II
223
IV
III
204
I
257
224
II
266
1952
IV
III
312
361
I
509
II
356
III
269
IV
222
367
•n.s.s. n.s.s. n. s. s. n.s.s. n.s.s. n. s. s. n.s.s. n.s.s. n.s.s. n.s.s. n.s.s. n. s. s.
Supplies
Services, including freight
3
4
1951
1950
297
191
226
133
268
177
251
161
276
178
334
228
259
163
239
157
223
129
204
103
224
127
257
158
266
162
312
196
361
250
509
303
356
244
269
156
222
119
367
163
Transportation:
Freight
Other. ..
Travel
13
18
4
14
19
4
13
19
4
12
21
4
12
18
5
12
22
6
9
19
6
6
18
5
7
16
4
8
21
5
6
22
6
7
22
4
14
24
2
16
28
3
12
31
4
10
27
2
15
27
3
9
34
5
5
30
4
7
29
3
10
11
Miscellaneous services:
Private
Government
36
4
35
3
35
3
35
3
36
3
34
3
33
3
29
3
39
4
38
3
35
3
36
3
42
2
43
3
42
3
43
4
41
3
40
3
40
3
40
3
12
13
14
Income on investments:
Direct investments
Other private
Government
25
4
2
13
4
1
11
4
2
10
4
1
17
5
2
21
8
20
4
2
12
9
18
4
2
17
9
20
4
1
18
9
17
2
1
15
8
16
3
26
7
87
21
2
14
8
18
3
25
175
85
212
114
217
90
191
85
216
102
64
188
65
63
163
58
213
70
228
95
238
114
237
113
275
128
270
118
253
111
283
131
336
161
314
130
299
128
18
26
11
14
28
16
14
21
22
19
4
20
39
12
21
37
19
26
21
6
44
43
45
44
20
44
3
29
45
19
28
3C
35
Other goods and services, total
Merchandise, adjusted 6
5
6
7
8
9
Imports of goods and services, total
Merchandise, adjusted, excl. military exp.
15
16
17
18
19
Transportation :
Freight
Other
Travel—
6
10
2
8
12
6
8
19
12
11
9
4
9
14
4
10
22
10
8
16
16
9
9
4
12
16
4
10
36
11
12
21
16
13
11
6
21
15
20
21
22
Miscellaneous services:
Private
Government (excl. military exp.) .
Military expenditures
34
2
12
35
3
14
37
3
16
37
3
17
40
1
13
40
38
39
7
41
1
9
42
3
7
41
4
6
39
2
9
43
8
23
24
Income on investments:
Private
Government
Balance on goods and services
26
Unilateral transfers, net, [to foreign countries
(-)], total.
Private remittances.
« _
Government:
Military supplies and services
Other grants _
_
Pensions and other transfers
28
29
30
32
25
33
37
36
38
22
34
(*)
32
1
44
28
29
1
29
34
1
30
1
28
1
29
1
35
2
122
14
51
60
60
141
71
60
60
-9
-4
19
29
37
91
256
73
-67
-92
68
-142
-96
-57
-43
-58
-11
-6
-8
-8
-11
-5
-10
-91 -168 -234 -209 -316 -257 -234 -201 -231
-10
3
-6
-3
12
A
-2
-292
—300
7
1
9
117
28
Government, net, totalLong-term capital, outflow
Repayments
Short-term (net). . . _ _
42
43
44
45
46
Foreign capital, net, [outflow (—)], total .
Long-term investments in U. S.:
Direct and portfolio other than U. S
Government securities.
Transactions in U. S. Government
securities.
-10
-5
-11
-6
-9
-124
-8
-26 -160 -142 -112
-8
-7
-7
-11
-14
-54
4
-26
-29
-88
-8
46
47
-3
-66
2
24
-47
-7
-25
-7
-42
6
0
-6
-20
-22
-34
-13
-82
-18
-35
4
-9
-9
-25
-4
29
-4
-5
-1
16
-34
-4
9
10
-20
-1
7
—4
-28
-12
-32
14
-10
-38
-15
21
-7
9
-13
-12
-11
-28
-20
20
-13
-8
-16
49
-23
19
-28
12
-27
-3
-17
16
-6
-13
7 -219
-233
15
7
-1
-71
-81
10
11
-12
4
10
10
17
52
10
12
-2
15
2
52
-32
-45
44
21
6
-3
-3
1
-1
-7
18
-14
-6
-14
11
-3
27
7
-19
-6
-10
10
-6
5
11
13
-7
52
-8
218
-6
-82
67
154
111
289 -407
-20
13
198
157
21
86
13
20
7
7
25
18
1
52
4
-5
-20
16
4
5
14
9
-26
-11
-4
8
12
31
39
-24 -131
101
124
15
64
-32
265 -419
-41
28
49
21
-1
11
-10
9
-1
-5
-87
11
Short-term liabilities to foreign banks and
official institutions
I 121
Other short-term liabilities
22
-98
Gold sales [purchases (— )]
48
Foreign capital and gold, total
49
Errors and omissions and transfers of funds between foreign areas [receipts by foreign areas
(-)], net.
_ _. _
9
14
209
-20
15
7
11
60
143
-97
13
-8
92
-16
580
360
406
80 -320
-6 -244 -217
154
191
289
173
340
419
61 -433 -432 -363
21
86
93
433
16
-24
-20
319
272
146
-73
-46 -349 -166
96
317
80
(*)
-162 -284
290
13
80
122
423
-19 -113
(*)
-79
219
o
1 -15
-5
-163 -377
47
-20
Q
6
-7
-7 -239 -118
-14
\-
»)=3ess than $500,000.
-13
n.s.s. n s. s. n.s.s. n.s.s. n.s.s n.s. s n. s. s n. s. s n. s. s. n.s.s. n. s. s. n.s.s.
-89 -49 -34 -46 -17 -153 -134 -100
~-80~ -158" -212" -20l" -305" -25l" -222" -194 -222 -115 -130
-1
-1
-1
-1
-1
-1 -1 -9
-1
-1
-1
-1
-1
-1
-1
-1
Private, net total
Direct investments, net_.
New issues
Redemptions
Other long-term, net
Short-term, net
38
39
40
41
-9
......
2
-7
32
33
34
35
36
37
16
20
United States capital, net, [outflow (— )], total... -290
31
12
24
25
27
c
90
273
457
43 -209 -353
H. s. s.=not shown separately.
-26
339
630 -520
187
BALANCE OF PAYMENTS 1919-53—EEVISED SERIES
33
by Areas, 1948-53 Quarterly—Continued
[Millions of dollars]
United Kingdom — Con. i
Other sterling area in Europe
1953
I
III
II
274
253
1949
1948
212
I
IV
11
3^0
III
II
13
I
IV
15
15
15
III
II
24
I
IV
16
21
n. s. s. n.s. s.n. s. s.n.s.s. •! -- —
274
164
253
164
242
128
6
23
3
6
27
4
6
28
5
6 (*)
24
3 C)
42
3
44
2
43
4
44
3
25
8
25
20
8
21
4
89
Q
4
297
133
350
137
35S
146
15
23
5
17
38
19
18
35
26
45
3
56
44
2
47
53
-73
-94
-52
-9
-9
-10
-9
' '
4
1
1
(*)
1
2
1
1
()
'
(*)
C)
(*)
(*)
12
18
II
I
IV
14
16
III
19
4
1
1
1
1
1
C)
z
()
(*)
(«)
1
12
12
(*)
18
18
14
13
()
•
16
14
13
19
16
1
1
2
1
()
•
(«)
4
(*)
1
(*)
C)
I
IV
22
22
10
Line
1953
III
II
5
2
V
3
2
1 ()
*
(*)
1
1
I
IV
13
17
11
IV
III
II
1
13
10
17
14
12
17
18
3
6
4
1
1
1
1
1
(«)
(x)
7
12
10
1
(
1
()
*
()
•
()
*
1
(x)
(x)
()
•
(*)
' '' ^ ^ '
1
17
16
18
15
5
6
1
1
1
7
8
9
()
*
C)
1
1
10
11
2
12
13
14
^ '
2
7
3
9
6
12
9
7
4
9
5
8
4
7
4
10
3
13
3
9
3
15
16
1
3
5
3
1
1
1
1
1
2
1
1
1
1
2
1
4
1
17
18
19
1
1
1 («)
1
1
2
2
4
1
4
5
1
(*)
()
*
(«)
w
1
2
1 J
1
2
2
11
10
2
1
2
10
9
^ '
^ ' ^ '
1
1
3
(*) 1
(«)
1
22
20
(x)
7
1
1
22
19
()
*
(*)
C)
13
12
1
()
*
(*)
3
1
(*)
14
13
(*)
' '^ '
3
1
1
1
8
-98
1
(x)
(*)
(*)
(*)
3
1
(*r
45 (*)
x
2 ()
53 o
-97 -111
14
21
20
U
3
3
-23
16
15
1
(*)
(x)
36
3
33
2
24
23
15
15
15
14
(*)
^ '
32
3
30
2
15
14
1
1
1
(*) (*) (x)
1
15
18
7
44
3
42
13
11
(-)
(x)
307
128
III
II
1952
jn.s.s. n.s.s. n.s. s.n.s.s. n.s. s.n.s.s. n. s. s.n.s.s. n.s. s.n.s.s. n.s. s.n.s.s. n.s.s. n.s.s. n.s.s. n.s.s.
11
11
360
166
1951
1950
20
21
22
23
24
(*)
()
"
(*)
10
11
12
12
20
12
16
11
7
11
7
10
14
6
13
10
3
4
9
4
2
4
-3
-3
-4
-3
-3
-9
-3
-5
-4
-4
-6
-10
-8
-8
-3
-7
-3
-4
-3
-2
-2
-2
-2
-3
-2
-3
-2
0
—2
-3
-3
-2
o
-9
_4
-4
-3
2
-5
-3
-2
2
-3
-3
—2
(*)
—1
—1
-29
25
-4
26
27
-4
|
n.s.s. n. s. s.n. s. s.n. s. s.
-88 -63 -84 -42
i
-1
-1
-16
44
-14
44
10
-14
-2
-26
4
-1
19
-10
-1
(«)
(*)
(*)
8
-1
-10
(*)
(*)
(*)
(*)
(*)
-1
(
?
-12
— 13
(*)
(*)
(*)
n.s.s. n.s.s. n.s.s. n.s.s. n. s. s.n. s. s.n.s.s. n. s. s.n.s.s. n.s.s. n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.n. s. s.
i
i
—1
—7
—1
—2 —1
—4
—5
—5 —1 _3 —1
()
x
()
x
— 1 (x)
-1
-1
-1 (x)
-1
(*)
(*)
-15
-17
— 13
"3
-6
i. „ .
.„
20
14
-12
14
-44
z
()
(*)
o
—3
—1
(x)
(x)
?
(x)
31
()
x
32
33
34
35
36
37
8
()
(
i
-1
-1
-10
-10
-29
—29
-12
— 12
()
•
-13
—13
(«)
-15
— 15
-17
— 17
-13
— 13
()
x
(«)
-10
— 10
-7
-3
—3
-1
—1
1
—1
-7
1
-1
-26
169
16 -175
41
-5
16
24
-2
9
i
—1
x
( )
x
(*)
45
—7
?
z
()
— 10
(
11
8
38
39
40
41
-1
-83
155
9
40
294
209
157
-83
-11 -188
-19
10
320
53
-8
x
2
()
-5
H
-5
-5
()
-1
„
(*)
-1
-1
-1
()
•
,,•
-1
-1
-3
-3
-2
-2
(*)
()
*
()
*
i
-1
1
-1
-4
«
i:
()
5
8
x
4
5
1
-4
-2
(*)
-1
1
3
(,
2
2
1
(x)
-1
-1
2
2
1
(*)
45
46
120
47
136 -175
83
42
43
44
-2
-1
28
29
30
155
-5
-5
-1
0 -2
-7
-8
6. Exports do not include "special category" goods.
-1
-1
2
13
3
-3
-2
-1
-1
-4
(z)
5
8
-4
-2
-1
7
10
17
7
8
7
-1
-2
-13
-3
7
(*)
2
-5
-1
5
2
1
48
-6
49
SURVEY OF CURRENT BUSINESS
34
Table 4.—United States Balance of Payments
[Millions of dollars]
Sterling area dependencies 7
Item
Line
1949
1948
I
3
4
5
6
7
8
9
10
11
12
13
14
15
16
III
102
1 Exports of goods and services, total
2
II
108
100
117
96
100
70
95
76
113
90
101
74
117
90
96
68
5
1
2
5
1
2
4
1
2
4
2
1
7
1
1
7
1
2
4
2
2
5
1
1
Miscellaneous services:
Private
Government
2
1
(*)
2
2
2
2
(*)
1
(*)
Income on investments:
Direct investments
Other private
9
10
21
10
12
15
135
120
98
81
99
84
98
81
128
104
3
5
3
5
2
4
3
4
4
10
Transportation*
Freight
Other
Travel
-
-
- -
Imports of goods and services, total
Merchandise, adjusted, excluding military
expenditures.
23
24
(*)
7
-33
Balance on goods and services
26
Unilateral transfers, net, [to foreign countries
(-)], total.
III
72
80
IV
94
79
Foreign capital, net [outflow ( — )], total
1
-3
1
(*)
1
2
2
1
1
1
1
1
2
1
4
3
3
3
18
18
12
15
32
95
77
70
54
98
80
136
115
143
123
3
6
3
6
3
5
2
10
2
9
0)
(*)7
(*)
1
(*)
(*)
(*)
0)
-15
6
47
48
Foreign capital and gold, total
49
Errors and omissions and transfers of funds
between foreign areas [receipts by foreign areas
(-)3,net.
(')
1
7
1
-56
(*)
1
7
III
85
90
I
IV
93
II
88
III
89
IV
86
98
3
3
2
3
-11
-25
-13
-11
— 11
-25
-26
-13
— 14
2
(*)
1
(*)
1
(*)i
(*)
(*)
(*)
(*)
0)
88
53
89
53
86
49
98
54
6
6
1
2
6
1
1
6
1
1
4
1
2
4
1
3
3
1
2
2
2
2
2
3
2
3
2
22
14
23
25
28
24
28
26
36
154
137
189
170
235
212
218
192
205
180
150
125
229
198
181
154
137
109
160
137
2
8
2
7
2
12
2
11
3
10
4
9
3
15
4
12
4
12
4
8
1
6
1
9
(*)
1
11
0)
1
11
1
9
(*)
1
11
(•)
1
1
-51
-62
8
(*)
1
11
1
1
(x)
-71
-60 -110
3
2
-1
-5
1
11
-133
-170
-115
-57 -141
-92
4
2
1
-6
-1
-11
-7
1
1
-6
—6
-1
-2
-11
-10
-5
1
(*)
1
-1
00
-2
1
(*)
-2
00
15
-3
(*)
-2
(z)
16
17
6
-7
8
1
-1
1
2
2
-1
(•)
37
11
l oo
-1
-2
-1
-2
-1
-1
(*)
Q
0
8
-7
3
(«)
-6
2
1
10
9
8
—1
3
(*)
_4
-4
2
1
1
(•)
6
8
7
-1
-2
-2
-2
-2
-2
-2
(*)
(*)
r
17
6
8
6
7
-29
3
2
(*)
C)
11
37 -29
1
-19
-2
2
3
(*)
1
-3
-3
-1
(*)
9
1
-2
-2
-2
(*)
(*)
00
0
0
-16
-16
(*)
(*)
10
7
-4
10
-1
1
-2
1
1
1
8
5
-6
1
4
1
2
2
(*)
2
1
1
1
1
-2
<*)
(*)
(•)
-6
1
-2
1
1
2
-8
(•)
r
n.s.s.
(*)
(«)
(z)
-1
1
7
-1
(*)
10
(x)
I -3
0)
(*)
2
3
(*)
(*)
(*)
(*)
4
93
55
n.s.s. n.s.s. n.s.s. n. s. s. n.s.s. n. s. s. n.s.s. n.s.s. n.s.s. n.s.s.
1
(*)
1
90
54
(*)
3
3
85
53
1
(*)
o
2
4
00
__
80
58
-2
4
(*)
- -
Gold sales [purchases ( — )]
9
2
(*)
2
47
0)
8
3
\-
10
1
1
8
1
1
-8
—6
Long-term investments in U. S.:
Direct and portfolio other than U. S.
Government securities.
Transactions in U. S. Government securities.
Short-term liabilities to foreign banks and
official institutions.
I
Other short-term liabilities
less than $500,000.
(*)
8
65
43
-8
Private, net, total
__ ___
Direct investments net
New issues
Redemptions
Other long-term net
Short-term (net)
42
9
79
48
(*)
United States capital, net, [outflow (-)], total-
Government net, total
Long-term capital outflow
Repayments
Short-term net
65
94
52
3
Government:
Military supplies and services
Other grants
Pensions and other transfers
38
39
40
41
II
I
72
47
3
27
32
33
34
35
36
37
(*)
1
25
46
101
II
1
108
89
Income on investments:
Private
Government
45
113
IV
102
83
Miscellaneous services:
Private
Government (excl military exp.)
Military expenditures
-
43
III
n. s. s. n. s. s. n.s.s. n.s.s. n.s.s. n.s.s. n.s.s. n. s. s.
Other goods and services, total
Merchandise adjusted "
20
21
22
44
95
II
Supplies
Services including freight
Transportation:
Freight
Other
Travel
31
I
Military transfers under aid programs, net,
total.
17
18
19
28
29
30
IV
1952
1951
1950
-4
3
3
0
-1
-4
14
16
-1
13
37
-29
3
-18
-1
-2
12
8
-3
11
0
41
0
25
18
22
-12
— 59
17
52
37
98
104
186
132
121
58
137
91
51
66
n.s. s.=not shown separately.
6. Exports do not include "special category" goods.
7. Sterling dependencies includes Bahrein and Kuwait.
35
BALANCE OF PAYMENTS 1919-53—REVISED SERIES
by Areas, 1948-53 Quarterly—Continued
[Millions of dollars]
Sterling area dependencies7— Continued
Other countries in sterling area8
1948
1953
11
I
82
III
79
91
1949
1951
1950
Line
1953
1952
I
97
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
268
IV
308
290
306
264
300
203
177
168
187
134
165
222
302
329
435
463
299
219
229
244
193
224
227
1
2
n.s.s. n.s.s. n.s.s. n.s.s. n.s.s. n.s.s. n.s.s. n. s. s.n. s. s.n.s. s.n.s.s. n.s. s.n. s. s.n. s. s.n.s.s. n. s. s.
n. s. s. n.s.s. n. s. s.n. s. s.
3
4
91
54
79
46
97
51
268
228
308
266
290
245
306
254
264
222
300
251
203
167
177
145
168
137
187
155
134
100
165
130
222
177
302
238
329
263
435
363
463
380
299
237
219
158
229
170
244
183
193
134
224
169
227
174
5
6
5
5
4
2
16
3
2
17
4
3
17
3
2
17
3
2
11
3
2
12
4
3
8
3
3
8
3
2
8
2
2
7
3
3
8
3
3
8
3
2
18
2
2
29
4
3
35
4
3
48
2
2
22
2
4
1
2
37
1
I
4
15
5
'
15
5
2
15
5
3
13
6
4
14
5
4
15
5
2
7
8
9
3
3
3
2
1
7
()
*
7
7
1
7
(*)
8
8
6
6
()
*
6
()
*
7
00
„•
5
00
9
()
*
9
3
9
1
8
1
10
8
10
10
9
10
3
10
5
9
3
9
3
10
3
10
11
23
27
24
36
10
2
I
14
1
22
1
17
1
21
1
14
2
12
1
12
1
11
1
13
1
16
1
13
1
15
1
12
2
10
1
18
2
20
1
17
1
1
21
1
2
22
1
20
1
3
18
1
1
13
2
3
12
13
14
82
50
(x)
178
146
180
150
152
123
148
126
181
170
182
173
165
155
169
157
163
157
4
13
4
12
3
9
7
1
00
6
1
()
*
1
(*)
( )
X
4
14
1
1
11
1
11
1
12
1
9
2
1
()
*
(*)
2
1
1
1
150
141
112
105
152
145
161
154
178
169
188
178
226
216
264
257
362
350
237
227
164
153
198
183
205
191
174
161
175
159
182
163
191
171
148
131
150
134
15
16
1
3
1
4
2
1
4
2
5
1
1
3
1
1
3
2
1
5
2
00
5
2
()
•
1
1
4
2
1
4
2
1
4
1
1
3
1
1
4
3
1
4
3
1
4
2
5
2
17
18
19
2
1
2
1
1
2
1
1
1
2
1
2
()
•
2
(*)
<*)
2
6
(*)
2
5
()
*
3
4
1
4
5
1
4
6
1
5
6
1
3
5
1
2
5
20
21
22
(*)
(*)
(*)
1
1
(*)
(*)
(*)
(*)
1
()
•
1
()
*
23
24
1
4
1
1
4
2
00
3
2
2
1
(*)
1
(*)
2
1
1
1
1
(*)
(*)
()
*
(*)
()
*
1
(*)
101
150
91
25
7
(*)
(*)
(x)
1
()
*
-96
-89
-73
-51
87
126
125
137
-5
-4
-4
-5
-4
-3
-4
-5
-5
-4
-5
-5
-4
-4
2
2
-1
-4
-2
-3
-4
-5
-4
-4
-4
-4
(*)
i
A
n. s. s.n. s. s.n. s. s.n.s.s.
4"
()
*
1
9 -54
-61
-42
-60
92
271
265
94
45
54
62
2
76
77
25
-2
2
-5
-8
-7
-7
-8
-8
-10
-13
-11
-18
-24
-52
-63
26
-4
-4
-3
-5
-4
-4
-5
-5
-6
-5
-4
27
-4
-32
Q
-27
-11
19
-14
6
-22
-4
-6
-6
-8
-28
-27
-4
-31
-20
-25
-27
-78
-97
-30
-30
-30
-10
-11
-27
-27
-4
-4
17
-4
-14
-16
7
-2
-24
-20
-1
-6
-6
-6
-6
-9
-9
-28
-12
-29
-17
-8
-11
-32
-29
-22
-14
-27
-20
10
-18
-16
-49
-44
0
-25
(x)
1
00
2
1
(*)
(*)
-4
(*)
(*)
-16
1
9
-22
-3
6
(*)
-3
1
(*)
-4
-4
(*)
-9
2
(*)
(*)
(*)
-3
-2
1
(*)
4
1
1
-1
(*)
-2
11
1
1
-1
-2
-1
1
-1
2
(*)
-1
()
*
1
-2
2
(*)
-3
(*)
(*)
-14
-27
-15
18
-4
-5
()
*
()
*
3
18
-7
—8
1
2
2
-1
2
-5
-5
2
0
9
1
2
4
1
2
2
1
-1
00
1
1
4
(*)
1
2
()
*
2
6
3
-17
15
21
27
19
(*)
(*)
-1
-1
(*)
1
()
z
(*)
3
-4
-22
-3
-1
2
1
1
-4
3
132
106
101
18
-4
9
6
2
-1
15
21
-97 -112
-111
67
-139
9
25
-37 -60 -48
-42 -64 -47
3
2
4 -1
-16
53
-32
(x)
2
-12
20
-12
31
-3
-4
28
-4
4 -10
1
10
-3
1
7
-1
32
33
34
35
36
37
3
-8
— 11
1
2
38
39
40
41
-9
9
42
1
-1
10
(*)
2
-2
-9
-9
-13
-16 -11 -12
1
1
4
2
2
2
-17
-21
21
-7
5
30
1
-25
()
•
5
15
4
-8
-11
()
•
23
(*)
()
'
1
38
-25
14
-14
30
3
15
29
28
-8
12
45
-19
8
39
-12
-8
-11
-10
1
-5
-1
-3
46
-20
-19
-3
-12
2
-36
34
-28
-56
-48 -19
-4
-10
(*)
(*)
-180 -120
-71
-47
-42 -16
-5
-27
15
21
27
4
8 -22
-92
-38
3
31
50
45
76
43
88
-22 -219 -132
1
8. Other sterling area countries include the Anglo-Egyptian Sudan and Egypt until June 1947 and Jordan since July 1950.
-30
17
26
18
1
-67
50
25
-38
2 -25
o -25
-15
(*)
-138
-165
10
28
29
30
-15
r
I 36
-3
1
1
-15
1
n.s.s. n. s. s.n. s. s.n. s. s.n. s. s.n.s.s. n. s. s.n.s.s. n.s.s. n.s.s. n.s.s. n.s.s. n.s.s. n. s. s.n.s.s. n. s. s.
-1 -2 -3 -3 -4 -3 -6 -8 -5 -12 -16 -47 -59
-1
-1
-1 (*) (*)
-1
-1
-1 (*)
-2
-1
(*)
()
'
__
(*)
(x)
43
44
-1
47
-5
-63
5
29
23
q
9
48
-12
10
-90
11
-35
-11
49
SURVEY OF CURRENT BUSINESS
36
Balance of Payments of the United States, 1919-1953
(Continued from p. 11)
Although the war resulted in major changes in the international transactions of the United States, there are also
more gradual developments which may have been speeded up
but not permanently distorted or interrupted. Among the
latter is the rising role of the United States in providing
capital to other areas, consequently increasing its creditor
position. After the interruption during the 1930's the
outflow of capital has been resumed, although in a different
form. Income on investments thus has been steadily growing. The transfer of income to the United States has been
facilitated by a rising deficit on other service transactions
which has outweighed the continued surplus on merchandise
account alone.
Because of the outstanding ability of the United States to
meet the foreign demand for its goods and services during
the postwar period, the dollar has become the most important
international medium of exchange. Thus, changes in United
States liabilities have assumed a significance far different
in character from earlier years.
However, the improvement in production, and the control
of domestic demand in the major foreign countries during the
last few years, have enhanced the international demand for
their own currencies. The use of these currencies in international transactions has, therefore, broadened so that these
currencies have again—with the dollar—resumed to a large
extent their former role in settling international accounts
and in serving as monetary reserves.
Bibliography
The tables in this report cover the major balance of payments series for the entire period for which they have been
established. Additional detail for some years for selected
items, and a considerable amount of country data, are available from other sources. The following listing mentions
these, and in addition, major reviews of balance of payments
developments, discussions of concepts and definitions, and
descriptions of methodology.
Current data on the balance of payments are published
and analyzed quarterly in the March, June, September and
December issues of the SURVEY OF CURRENT BUSINESS.
The March issue contains preliminary data for the preceding
year, the June issue showing revised annual data.
Data for the years 1919-39: The United States in the
World Economy, by Hal B. Lary and Associates,
U. S. Department of Commerce, Economic Series
No. 23; U. S. Government Printing Office, Washington 1943
1940-44 and 1945 (Preliminary): International Transactions oj the United States During the War 1940-45,
prepared under the direction of Robert L. Sammons,
U. S. Department of Commerce, Econ. Series No.
65, U. S. Government Printing Office, Washington
1948
1945 Revised and 1946-48 (Preliminary): The Balance
of International Payments oj the United States 194648, prepared under the direction of Robert L. Sammons, U. S. Department of Commerce, U. S. Government Printing Office, Washington 1950
Methodology and Concepts of Balance of Payments:
The Balance of Payments of the, United States
1949-51, supplement to the SURVEY OF CURRENT
BUSINESS, U. S. Department of Commerce, U. S.
Government Printing Office, Washington 1952
Transportation: SURVEY OF CURRENT BUSINESS, September 1953
Travel: SURVEY OF CURRENT BUSINESS, June 1953
Miscellaneous Services, private—Engineering & Contractor's fees: Foreign Commerce Weekly, March
8, 1954
Income on investment—private: SURVEY OF CURRENT
BUSINESS, December 1953
Government grants and credits:
1940-51: Foreign Aid by the United States Government, 1940-51, Supplement to the SURVEY OF
CURRENT BUSINESS, U. S. Department of
Commerce, U. S. Government Printing Office,
Washington 1952.
Current quarterly data: Foreign Grants and Credits
by the U. S. Government, a quarterly report
prepared for the use of Congress and Government agencies. Published by the Office of
Business Economics, U. S. Department of
Commerce (available in major libraries)
Calendar year 1952: SURVEY OF CURRENT BUSINESS, "March 1953
Calendar year 1953: SURVEY OF CURRENT BUSINESS, April 1954
Private investments:
Census of 1950: Foreign Investments of the United
States, a supplement to the Survey oj Current
Business, U. S. Government Printing Office,
Washington 1953
1951 and 1952: SURVEY OF CURRENT BUSINESS,
January 1954
International Investment Position of the U. S. 1946-53:
SURVEY OF CURRENT BUSINESS, May 1954
BUSINESS STATISTICS
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 he reprinted freely.
provided through the courtesy of the compilers, and are subject to their copyrights
Data from private sources are
1954
195:;
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
June
July
August j * °j5(1pT11" Oc,.,»,, ! Novem-
December
January
F
March
^
May
April
GENERAL BUSINESS INDICATORS
N A T I O N A L INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :f
National income total
bil ofdol
Compensation of employees, total
do
Wages and salaries total
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, total cf do
"Business and professional cf
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax total
do
Corporate profits tax liabilitv
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
10 2
' 23 4
'11 1
r 47 8
r 26 1
r H 1
r ]() ft
-.9
r
367. 2
' 30. 3
'1 18. 6
'82.3
55. 9
'25.9
'24.6
r
5.4
r
-3.3
r
' 52. 4
' 25. 6
'24.8
'2.0
' -1.8
'86.6
'62.2
' 54. 3
'24.4
r
286. 4
' 35. 9
250. 4
r
19.6
118. 7
83.0
'45.5
'25.7
' 24 0
r
-4.2
r
— 6
' —1 1
'86.0
59 8
' 50 6
'26.2
' 81 9
r 55 o
46 9
' 26.9
' 287 3
'36 1
' 251 2
' 21 5
'85.4
' 60.3
' 52. 3
' 25,1
'285 1
' 32 8
' 252 3
' 21 8
'44.5
'26 0
' 22 7
r—4 2
r
287.5
'36.3
' 251. 2
' 20 0
-.
' 355. 8
'230 5
'28.0
' 118 8
'83.6
28.0
r
- - . - ..
'—.4
'9 0
' 360. 5
'229. 7
r
r 231. 2
r
r
34 1
34.5
<• 38 3
' 40. 9
21.9
19 0
-2 6
r
86
369. 9
' 230. 8
'30.3
' 119.6
'80.9
r
::::::::::
r
r
r
do
do
do
do
7
r
'8. 3
Gross national product, total
do
Personal consumption expenditures total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment, total
bil oi dol
New construction
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil of dol
Federal (less Government sales)
do
National security 9
do
State and local
do
Personal income, total
Less: Personal tax and nontax payments
Kquals: Disposable personal income
Personal saving §
r Iftft
298. 9 _
' 206. 4
' 194. 6
161.2
r
9. 7
23.7
11.8
49.4
25.6
13.0
10.8
' 33. 1
' 32. 5
r
17.4
' 15.1
'.6
'8.9
r9
'41.0
' 41. 9
'22.5
' 19. 5
*
' 299. 9
' 208. 8
r
197. 6
r
164 1
' 9. 9
' 23. 5
' 11 2
'49. 1
' 25.9
' 12.3
10 8
• 306 2
' 211 4
00 3
'308 2
* 210. 0
r
198 9
' 165 3
r
10 4
r
23.2
r
11 1
r
48.9
r
26 3
'12 1
' 10 5
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual ratesif
Total personal income
bil ofdol
Wage and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries
do
Service industries
do
Government
_ _
do
Other labor income
do
Proprietors' and rental income. . .. . do ...
Personal interest income and dividends- -do
Transfer payments
_.
do
Less personal contributions for social insurance
bil. of dol. .
Total nonagricultural income
do
r
286 3
' 199.0
89.2
51.5
24.6
33.7
T
6 3
48.8
22.6
13.6
' 287. 3
r
288 2
'201.4
89.8
52.7
25 3
33. 6
' 6 4
47.9
23.0
13.6
'4. 1
4.0
' 270. 5
199.9
' 89. 3
'51.9
' 25. 0
' 33. 7
'6 3
'• 48. 8
r
22. 8
r
13.6
r
r
' 4. 1
271. 5
' 273. 0
' 286. 4
' 200. 6
'89.2
' 52. 4
'25.2
33. 8
'6 5
' 46. 6
'23.2
' 13. 6
4.1
' 272. 6
r 287 7
r 287 8
' 287 2
r 287 0
' 199. 2
88.0
52.5
24.9
33. 8
r
' 197. 9
87.0
52 4
25 0
33.5
'6 6
49. 1
23.7
13 9
' 196.0
85. 5
52 1
25 0
33 4
'67
50 2
23. 8
199. 1
'87.9
' 52 5
r 25 0
33 7
r ft 5
r ft ft
48. 9
23.4
13. 7
" 48 0
' 23. 5
r
14 6
4.0
' 271. 9
4.0
' 272. 7
14 4
4.0
4. 1
'271.3
' 269. (}
r
284 9
' 194. 7
84.5
51 9
24 8
33 5
'66
49 6
23.9
14 8
'4.7
' 267. 9
T 285 0
4>
r 285 0
r 9g4 4
2H5
194.7
84.6
51 8
24 9
33 4
' 194. 5
'84.2
r 52 0
' 194. 3
' 83. 7
194, 5
83. 9
r f,2 0
r,9 1
r ft ft
33 3
r ft ft
f 25 2
' 33 4
25 2
33 3
49 6
23.9
15 0
'48 9
'23.9
' 15 8
' 48 2
' 24. 0
' 15 9
49 0
24.0
15 7
4.8
' 268. 2
r 25 0
4.7
' 268. 8
4.6
' 209. 1
4.6
'2(\$. 0
MEW PLANT AND EQUIPMENT
EXPENDITURES
7,289
1 ft 910
Ali industries, quarterly totaH
mil. of dol
7 098
7 666
Manufacturing--. ._ ... _ _ do
3. 192
2, 945
3 392
2 641
Mining-^ _ __
_ .. . _
do
293
234
265
288
24«
Railroads - ..
_ ..
do
359
300
341
Transportation, other than rail. .. _ _ _ - do
366
386
376
360
Public utilities _ ... _
_. _
do
1,219
1, 158
1 946
9'0
Commercial and other . . _ _ .
. do
1,979
1, 984
2. 023
1, 859
J
' Revised.
Estimates for the 2d and 3d quarters of 1954, based on anticipated capital expenditures of business, appear on p. 6 of the June 1954 SURVEY.
cflneludes inventory valuation adjustment.
9Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown
^ a component of gross national product above.
tRevised series. Quarterly estimates of national income and product have been revised back to 1939 (annual data, to 1929); quarterly and montthly estimates of personal income, back to
929 (monthly revisions prior to May 1953 will appear in the forthcoming National Income Supplement). For quarterly data prior to 2d quarter 1953, see pp. 8-9 of this issue of the SURVEY.
tRevisions for 1952 appear on p. 10 of the March 1954 SURVEY.
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through i _
1952 and descrij »tive notes are shown in the (
1953 Statistical Supplement to the Survey i May
Jul
19 53
Juno
•July
August
1954
s
't!T
Octnf
x<
""- ! ^""
December
January j
11
^J?y " j March j
April
May
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS*
Cash receipts frora farming, including Government
payments total
mil of dol
Farm marketir 0 "^ and COO loani total
do
Crops
do_- _
Livestock and products total
do
Dairy products
do
Meat animals
do
Poultry and eegs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
\llcommodities
- - 1935-39=100
Crops
--d° --Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
411 commodities
1935-39=100.Crops
-^°
livestock and products
do.. INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume^
Unadjusted, combined indexf
1947-49=100,.
2, 009
1,975
2, 156
2, 130
2, 404
2, 390
513
690
996
1. 462
1, 440
407
708
318
402
714
295
386
298
181
385
321
243
379
124
71
164
137
94
169
2, 461
1,060 '1 393 !
3 169
3, 164 !
1,718
1 446 i
364
695
320
334
768
330
361
352
307
:,70
375
367
153
148
157
156
154
158
136
1, 394 i
682 i
302
136
136
129
13«
US
130
157
142
148
143
170
139
163
148
192
155
138
143
144
168
139
159
146
184
147
124
137
143
161
135
148
13*
16*
Transportation ecjiiipment
do
Autos
do _ _
Trucks
- -do _ _
Aircraft and parts
do
Instruments and related products
do
Furniture and fixtures
do
Lumber and products
_do_ _.
Ptone clay and glass product^
do
Glass and pottery products
do
Miscellaneous manufactures
- - do , _
194
162
124
452
193
166
106
452
156
122
135
125
139
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... . - - - - - -do
Leather and products
do Paper and allied products
do
Pulp and paper
do
Printing and publishing _ _ _ ..
do ,_
Chemicals and allied products
do _
Industrial chemicals
,__ . ... do
Petroleum and coal products
do
Petroleum refinins•_.
_ _ , ... do _.
Rubber products
- do_-
2.453 i
Adjusted combined in dext .-_.._
Manufactures
~
Durable manufactures.
Primary metals
.
Metal fabricating (incl. ordnance)
Fabricated metal products _..
Machinery
Nonelectrical machinery
Electrical machinerv „
.
3 443
3,439
2 986
2, 974
1, 865
1 574
1,550
336
812
355
334
858
366
336
739
331
477
607
381
557
767
401
519
659
414
548
375
192
231
164
22*',
203
227
186
289
179
1 424
r
2 629
r 2 611
1, 195
r
1 416
1 960
1 , 946
329
790
313
643
1 303
2 014
I 990
538 •
1 452
1 914
1 8S1
'-' 0(i 2
2, o:;.-;
494
589
1 , 387
1 , 444
345
389
757
258
276
20"
342
S13
279
,:m
294
227
343
300
190
382
*/
175
' 373
365
307
208
380
17s
198
162
160
167
155
123
96
143
127
78
164
120
67
161
133
78
174
44!.
r
422
70.",
9,->S
135
136
130
124
124
126
125
123
v 123
137
138
125
126
127
151
127
134
147
164
137
158
137
200
154
129
136
147
167
137
161
138
205
146
122
129
146
158
130
154
135
191
140
110
114
145
155
126
149
137
172
128
125
153
130
138
141
166
140
157
137
197
132
140
113
115
145
155
124
146
132
172
141
113
114
147
155
123
147
134
172
139
108
106
147
153
121
145
132
172
137
108
105
148
150
119
141
128
166
» 125
P 136
v 109
190
161
118
461
189
153
127
473
182
134
115
480
189
151
106
481
174
107
98
483
153
116
181
138
103
489
180
142
101
485
179
151
101
478
p j7y
151
113
181
135
103
483
157
117
155
115
122
136
123
140
112
132
113
133
122
137
123
143
156
116
173
107
95
463
156
121
136
122
144
123
139
128
148
1;9
128
p 137
. P 100
114
134
122
145
119
102
101
103
100
110
102
107
112
115
121
ION
105
105
103
119
107
110
111
114
113
112
121
11H
118
102
101
118
108
117
107
110
122
124
127
111
102
113
108
111
102
105
122
1 2! )
121
123
KM
116
118
116
100
10!
IK*
111
114
135
99
99
100
111
96
102
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
116
143
157
135
138
122
106
94
135
130
122
145
151
133
136
122
107
97
140
138
126
151
151
131
135
127
100
89
135
133
126
150
149
do _ _
do
do
do
do
11*
81
131
139
125
120
81
134
142
130
117
69
135
138
130
122
85
135
140
133
122
84
136
139
131
118
84
131
122
132
do
do
do _. _ _
do _
do
do_. do
do
do ...
137
136
137
136
133
132
139
156
139
138
154
137
139
157
136
138
157
137
135
152
130
169
139
168
139
171
142
171
140
166
135
162
146
194
161
144
194
164
145
200
165
145
203
161
141
200
134
151
128
166
134
159
141
193
Manufactures
-- do
Durable manufactures
do
Primary metals
do
Steel
do
Primary non ferrous metals
do .
Metal fabricating (incl ordnance)
do
Fabricated metal product^
do
IVTachinerv
-- do
Nonelectrical machiiierv
do
Electrical machinery
do _ _ -
Minerals
Coal
Crude oil and natural cas
Metal mining
Stone and earth minerals
3 700
3, 693
2, 169
1,524
Transportation equipment
_.do _ _ „
Instruments and related products
do
Furniture and
fixtures
do Lumber and products..
. ._. .. - _do._
Stone clay arid glass products
do
Miscellaneous manufactures
_ do...
U8
no
9H
102
121
107
94
93
95
13;-;
192
188
196
191
186
156
123
157
122
156
121
156
119
155
114
119
135
143
114
134
145
119
135
143
116
135
146
114
134
140
148
119
139
126
163
155
112
!48
106
147
107
145
106
140
102
116
126
121
133
117
128
122
131
119
138
104
122
115
P8
111
97
101
126
95
82
78
98
91
q-
114
96
98
112
97
89
115
98
98
115
96
99
99
101
94
n ;;
104
1 20
111
102
133
132
118
150
150
126
136
114
133 !
121
150
150
121
129
118
122
147
150
118
126
115
• • * 122
147
128
137
111
120
12S
116
146
145
125
134
114
113
70
131
95
126
111
7!
133
74
122
111
74
134
74
108
110
08
135
76
113
109
61
136
73
114
110
58
138
83
117
'• 113
129
126
125
125
123
123
v 12a
131
146
122
127
142
113
127
140
111
126
139
109
124
135
103
it ]/',>()
159
130
125
134
104
151 1
126
154
126
152
136
184
146
133
172
151
123
147
120
146
118
143
130
169
141
130
138
125
163
138
126
163
13 i
137
I il!
(
.i9
102
1 25
97
84
80
92
87
98
^7
119
117
122
11*;
Qi
S6
96
95
100
1(53
1(Mt
110
ion
135
118
125 ' •' i'
98
96
106
96
103
100
p 102
102
94
135
133
180
182
183
178
154
106
171
172
155
109
147
103
115
132
138
144
104
115
P5
130
120
1 3* '
116
131
130
139
104
1 13
133
140
110
129
136
148
105
13'
124
-' 1 1 3
93
99
189
154
113
117
v
pp
p
P
1°8
126
P 144
p H9
'• 6 \
P 1%
t> Iff,
P
*
p
P
P
P
106
147
im
i3#
125
}f>4
P 177
P 137
p 104
p ie?7
P 11""
115
Nondurable manufactures
do
113
114
113
1 15
108
Food and beverage manufactures
do
106
p 1(W
105
107
106
98
108
Tobacco manufactures
_ _.. . do ..
100
103
1 13
95
Textile-mill products
._
do.. .
90
90
91
93
117
101
103
Apparel and allied products
do
100
103
1 11
108
91
94
Leather and products
do
94
94
93
r
He vised.
p Preliminary.
^Revisions for 1951 and 1952, incorporating more complete data, appear on p. 24 of the April 1954 SURVEY.
t Revised 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 begin rung 1947, see the December 1953 issue of the FEDER\L RESERVE
BULLETIN.
123
109
107
121
106
103
111
115
99
121
108
103
108
114
104
119
108
104
104
109
97
117
109
104
100
104
91
117
108
106
98
107
W
112
103
112
90
101
93
SURVEY OF CURRENT BUSINESS
Juiv 1'jru
Unless* otherwise stated, statistics through
1952 and descriptive notes are shown in. the
1953 Statistical Supplement to the Survey
S-3
1954
1953
May
June
j
July
August
September
October
November
December
J a n u a r y ! ™™'
i
March |
April
M
GENERAL BUSINESS INDICATORS—Continued
INDU STRIA L PRODUCTION— <'x»n ti nued
Federal Reserve Index of 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
r )r >
134
121
151
131
139
134
121
150
131
130
134
121
152
132
130
133
121
148
132
127
135
121
147
131
121
132
123
146
129
120
132
121
145
129
118
117
85
131
118
122
119
86
134
117
125
120
87
135
116
125
119
86
135
117
124
118
81
136
117
123
114
76
131
108
124
111
70
131
103
125
1 1H
69
1 'i3
101
49, 395
25, 816
13, 148
12, 608
9,155
3. 103
6, 052
14, 424
5,154
9, 270
50 003
25, 882
13. 166
12, 716
9, 709
3, 160
6, 549
14, 412
5,103
9,309
50 398
26, 366
13,410
1 2, 956
9, 563
3, 1 53
6 410
14, 469
5 102
9, 367
48 138
25. 067
12, 730
12, 337
8,998
3, 092
5, 906
1 4, 073
4 914
9 159
48 6 r >2
25 379
12.698
12 681
9, 291
3 051
6 240
13 982
4 865
9? 117
48 284
25 010
12 376
12 634
9, 234
2 982
6 252
14*040
5 029
9 Oil
47 518
24 256
11 867
12 38^
9, 158
2 994
6 164
14' 104
5 005
() 0qq
4" ''09
94 1 %
1 1 r>76
Manufacturing and trade inventories, book value, end
of month (adjusted), totalt
- mil. of dol
Manufacturing, total t
- - --do
Durable-goods industries
. _ - __do
Nondurable-goods industries
do
Wholesale trade, total t
- .. -do
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade, total t
do
Durable-goods stores
do.
Nondurable-goods stores
do
79, 678
45, 673
25,681
19, 992
11. 550
5, 999
5, 551
22, 455
10, 526
11,929
80, 167
46, 160
26, 048
20,112
11,713
6, 007
5, 706
22, 294
10, 472
11,822
81, 116
46, 485
26, 392
20 093
1 1, 888
6 223
5, 665
22 743
10, 730
12, 013
81, 586
46, 888
26, 788
20 100
11, 923
6 259
5,664
22 775
10, 624
12, 151
82, 000
47, 087
26 958
20 199
11 989
6 245
5, 744
22 924
10' 921
12.003
81, 805
47 044
26 987
20 057
12,041
6 278
5, 763
22 720
10 727
11,993
81, 276
46 909
26 975
19*934
11*930
6 127
5, 803
29 437
10* 574
11,863
81,072
M A N U F A C T U R E R S ' SALES, INVENTORIES,
A N D ORDERS
Sales:!
Value (unadjusted), total
mil. of dol. .
Durable-goods industries
do
Nondurable-goods industries
do
25, 468
13,178
12,290
26, 058
13. 586
12,472
24, 700
12,317
12, 383
25, 276
12. 484
12,792
26,163
12,917
13,246
26, 845
13, 223
13,622
25, 816
13, 148
2. 21 1
1, 257
1,437
2, 156
2, 350
998
369
772
586
404
608
25, 882
13, 166
2,222
1,311
1,486
2, 164
2, 190
1, 006
365
767
627
395
633
26, 366
13. 410
2, 335
1, 309
1, 462
2,125
2. 381
1, 032
334
815
611
416
590
25, 067
12, 730
2, 154
1, 190
1,438
2, 099
2, 210
1,031
380
776
582
326
544
25, 379
1 2. 698
2, 084
1, 219
1.536
2,163
2, 023
1 , 008
370
726
607
355
607
25,010
12, 668
3, 631
565
305
1,283
943
256
724
819
1, 672
2, 048
422
12, 716
3,594
551
310
1,181
843
286
741
809
1, 697
2,268
436
12,956
1 2, 337
3, 645
617
314
1,098
891
264
735
676
1, 608
2, 081
409
12,681
3, 796
570
301
1, 181
869
328
766
740
1,720
2, 237
448
do
do
do
45, 884
26, 093
19.791
46, 334
26 339
19, 995
46 436
26 463
19, 973
do
do
do
15,957
13, 692
16, 235
16, 096
13, 762
16, 476
16,241
13, 698
16, 497 I
Minerals
Coal
Crude oil and natural gas
"Metal mining
Stone and earth minerals
do.
--do
. .-- - do ...
do
- -do
120
145
128
116
r>7
1°6
190
143
124
1 '•'
129
119
146
126
i 10
131
119
14'>
122
113
1 33
120
1 46
1 22
113
i r>
113
68
135
101
124
112
62
13*'>
96
1°4
!1 1
58
138
70
134
1 0'-;
1 1' )
v 121
9 147
p 121
;> 1 1 "
" 64
p 136
89
118
BUSINESS SALES AND INVENTORIES*
Manufacturing
and
trade
s a l e s (ad-
Manufacturing, total f
Durable-goods industries
Nondurable-goods industries
Wholesale trade, total t
Durable-goods establishments
Nondurable-goods establishments
Retail trade, total
Durable-goods stores
Nondurable-goods stores
- do
- - - do . . .
do
do
do- ..
do
do
do
do. _ .
Value (adjusted), total
do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal products
do
Electrical machinery and equipment do
Machinery, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and
fixtures
do
Lumber products, except furniture
do
Stone, clay, and glass products
-do
Professional and scientific instruments -do
Other industries, including ordnance -_do
Nondurable-goods industries, total
Food and kindred products
Beverages _
^
_
Tobacco manufactures
Textile-mill products- . _ _
Apparel and related products
Leather and leather products . .
Paper and allied products
Printing and publishing
Chemicals and allied products .
Petroleum and coal products
Rubber products
.
..
Inventories, end of month:!
Book value (unadjusted), total
Durable-goods industries
Nondurable-goods industries
By stages of fabrication: t
Purchased materials _ Goods in process
Finished goods . „
do
do
. _ do...
do
... do. ..
do
do
do
do
do
do
do_ - _
,
46 450
23 902
I t 580
12 322
8, 926
2 859
6 067
13 622
4 43c,
9 186
46 714
23 fi2()
11 ' 278
12 342
9,122
2 894
6 228
13 972
4 745
q 228
46 792
9
6 759
]q 9"0
1 1 689
5 900
5, 789
90 cp(i
10 668
1 1 , 993
fs(), 688
46 382
26 526
19* 856
11 785
5 866
5,919
9
2 5'M
10 688
11,833
80, 390
46 115
9g 168
iq 947
11 854
5 841
6, 013
22 421
10 584
11,837
23, 792
11,499
12, 293
23 929
11,615
12,314
23, 062
10,870
12, 192
22, 970
10, 968
12, 002
25, 300
12,208
13, 092
12, 376
1, 985
1, 139
1, 391
2, 039
2, 095
1,140
364
715
575
353
580
24, 256
11,867
1,874
.1, 150
1,324
2, 068
1,918
925
334
723
583
402
566
24, 126
1 1 , 570
1,645
1 , 076
1,349
1,902
2, 046
947
23, 902
11,580
1 , 609
1,176
1,328
1, 959
2, 101
1, 005
09r
62^
659
517
364
537
23, 620
11, 278
1,580
1,132
1, 269
1, 968
1,962
942
24, 064
11,385
1, 528
I, 173
1, 355
1,941
1,981
931
659
573
348
536
3, 836
662
315
1 031
854
266
752
707
1,640
2,202
416
12, 634
3,890
666
304
1 038
910
243
738
745
1, 643
2, 062
395
12, 389
3,771
635
33(1
1 006
835
251
709
778
1, 606
2,113
346
12, 550
3, 863
12,322
12, 342
3,681
12,679
46 489
26 564
19,925
46 646
9
6 612
20, 034
46 529
OA 598
19,931
46 ^32
16. 244
13, 645
16, 600
16, 425
13, 551
16, 670
16, 402
13, 351
16. 776
r ^- H'-^J
r 94 418
r 1 1 £,09
4" 02 !
24 oqq
11 371
r |0 q j 0
)9 798
688
569
353
549
] 9 <V,0
9.151
•-> on
i\ 1 10
13 9'59
4 626
9* 306
731
540
423
572
'79
3, 802
47 094
94 064
11 385
I 9 679
9. 130
9 870
6 960
13 °00
4 858
9 04°
r
80. 093
4574
9
5 900
1 9 874
r 1 1' 7^
5 799
5, 957
22 563
10 486
12,077
r
r
8. 976
2 892
r (\
\ C,4
r 54'
042
4 882
r ()
-ft\()
r
8, 892
8H6
6 056
14 030
4 730
9 99()
9
79, f>16
45 |8^
2 r > '-545
iq 838
\\ 04'^
r 5 "98
r
5,915
r 22 690
r 10 412
12, 278
79, 422
44 HO 5
24 'H'i
1 ^ S92
1 1 773
r
24, 490
11.814
12, 676
23. 383
11, 192
12, 191
24, 418
11, ,502
1, 575
r
1, 223
r
I, 305
r
1, 939
'• 2. 052
r
971
24. 099
11,371
1,514
1, 154
1.324
1, 868
2, 080
960
<•
T
r
T
r
r
r
r
r
r
693
' 547
'• 356
r
541
r
r
3, 802
12, 916
3, 977
5.971
22 S44
10' rj09
12. 342
049
592
355
558
12, 728
3, 863
304
QQO
873
267
701
857
259
680
825
274
1,601
2, 186
''69
1,569
2, 149
1, 590
2, 139
776
1,692
2,198
19, 983
20, 250
26, 598
20, 174
46, 35o
26, 235
20, 120
45, 959
26, 042
19,917
16, 377
13, 149
17, 006
16,419
16, 023
13, 304
17, 224
13,512
17,237
15, 783
13, 285
17, 287
15,371
13.311
17,277
r
806
290
866
r
278
829
301
1, 720
2, 162
1, 680
2,071
45, 3;>1
25. 629
19, 722
44, 972
25, 32 1
19,651
14, 930
13,212
17,209
14, 754
12,971
17, 247
r
r
T
r
r
r
r
Book value (adjusted), total.
do
45 *>73
46 160
46 485
r
46 888
46, 722
46, 382
46,115
45, 774
45, 183
44, 805
Durable-goods industries, total..
do
25,681
26,048
r
26, 392
26, 788
26, 958
26, 987
26, 975
26, 752
26, 526
26, 168
25, 345
25, 900
24,913
Primary nie tal
do
3, 308
3,318
3,382
3, 456
3,513
3,507
3,488
3. 425
3,388
3,344
3, 226
3, 354
3, 148
Fabricated metal products
do
2.607
2,717
2,815
2, 914
2,962
3,038
3, 145
3, 131
3, 012
2, 948
2, 837
2, 705
2, 917
Electrical machinery and equipment... do. ""
3, 266
3, 305
3,36*
3, 424
3, 425
3,484
3,489
3, 440
3, 342
3, 326
3, 167
3, 248
3, 08a
Machinery, except electrical
do
5, 524
5, 555
5,628
5, 690
5. 667
5, 665
5,735
5,647
5,551
5,512
5, 416
5, 297
5, 224
Motor vehicles and equipment
do
3, 348
3, 420
3, 435
3, 476
3, 498
3,445
3,377
3,396
3,482
3, 380
3, UK)
3, 296
3, 189
Transportation equipment, n. e. s
do.™
2, 651
2. 728
2,707
2, 720
2, 751
2,702
2,700
2,769
2, 784
2, 732
2, 753
2, 690
2,621
Furniture and
fixtures
do...
660
681
697
681
674
679
670
642
661
666
'• 665
665
601
Lumber products, except furniture
Ido""
1 , 04 1
1,049
1,068
1. 096
r
1,123
1,121
1.090
1,033
1,022
1,015
1 , 025
1,02!>
1,010
Stone, clay, and glass products
do. . . ~_
88!
883
875
879
r
884
901
878
890
907
917
916
92U
906
Professional and scientific instruments .do
857
853
866
875
r
878
881
882
882
895
883
874
883
8(,i< i
1 , 538
Other industries, including o rd nance -..do
1,539
1, 51<
1,581
1,583
1.564
1,521
1,497
1, 482
1, 445
'• 1, 465
1,446
1, 171
• rujvircu.
" rrenminary.
9 See note marked "t" on p. 8-2.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p 3-1 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. 8-8, 8-9, and 8-10
be n adiusted to more recent ben
STATISTIC^
°
chmarks; all revisions prior to 1953 are available upon request. (most of the data published in the 1953 issue of B U S I X K S S
tRevised d a f ; i beginning Deceir.ber 1949 appear on n. 22 of the June 1954 S U R V K V .
SUEVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July 1ir>4
1954
1953
May
June
July
August
October
November
December
January
Febru-
ary
April
May
3,598
- ;V nut;
19, 892
3, 583
1 196
1, 833
r i
March
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 do! - .
Food and kindred product^
do
Tobacco manufactures
Textile-mill products
\pparel and related products
Leather and leather products
Paper and allied product'
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber products
- --
do
do
do
do
do
do
do
do
do
N<HV orders, net:t
19. 992
3. 493
1,212
1,818
2,631
1,890
578
1 , 060
745
3,007
2.670
888
20, 112
3,489
1 222
1,811
2,693
1,906
584
1 , 048
750
3, 065
2, 630
914
20, 093
3, 433
1 242
1,804
2. 666
1 . 866
568
1.030
755
3, 108
2, 696
925
20. 100
3.411
1, 186
1, 839
2, 646
1,876
562
1.024
773
3. 142
2. 744
897
20. 129
3. 445
1. 139
1.834
2.612
1.907
574
1 . 038
3. 169
2. 731
908
20, 057
3 468
1 142
1 811
2,614
1 862
577
1 044
768
3 140
2. 750
881
19,934
19,970
19,856
19,947
3. 51 1
1 129
1 789
2. 543
1.845
3. 525
i. 155
1.812
2. 513
1,901
582
1 . 044
752
3, 524
1. 162
1,842
2, 464
1,872
581
1,034
769
3, 589
1 161
1,840
2. 455
1,863
573
1 . 048
762
3,067
3,080
2. 697
844
2.719
857
1 791
573
1 050
767
3 072
2, 703
849
9Q 8^9
9] ^26
9. 495
93 gp;~
10 779
1.050
776
3.107
2. 747
867
:•?. 093
2. 725
25 654
12. 985
12. 669
'?3 832
11,588
12.244
10, 133
••><} 03 c
10.090
0
12,176
12,388
12.539
13, 145
13.452
8. 930
1 2, 025
\('iust r 'd tot'il
do
Durable-goods industries, total
do
Primary meta^
-do
Fabricated metal products
do
Electrical machinery and equipment.-- do
Machinery, except electrical
do. _ Transportation equipment, including motor
vehicles and parts
mil of dol
Other industries, including ordnance... do
Nondurable-goods industries, total
do
Industries with unfilled orders 9
do
Industries without unfilled orders'!
do .
25, 883
13, 101
2,167
1,210
1,480
25. 152
12, 392
2, 390
1. 012
1, 303
2, 084
24 5°5
11. 600
1. 957
1,073
1.582
1. 752
22, 339
10. 139
1.751
1,214
1. 134
1,676
2° 661
!(!, 110
1. 635
1.041
1,082
1 . 843
9. 677
1 500
843
1 . 039
1 . 798
9. 631
1 666
1.089
886
1 , 800
1 , 450
1.045
949
1.613
1 205
746
987
1,378
3, 545
2, 657
12, 782
3, 196
9. 586
2, 875
2 728
12, 760
3. 061
12.925
2.127
2. 370
2, 084
2.106
2. 289
2. 221
2 198
1,961
9.699
9.942
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
73, 992
70, 696
73, 588
70. 095
7.020
6,977
6, 100
12, 251
10, 140
5, 790
12. 286
9, 928
72, 720
69, 366
6, 910
5, 728
12, 520
28,823
28, 803
6,311
3, 493
24 564
Durable-goods industries
Xondurable-soods industries
do
. do. -
2,042
6, 362
3, 296
2. S<9
2, 983
9,793
'
27, 767
6, 648
3, 354
2, 4S2
12. 200
2 636
9. 564
70.116
67,015
6, 562
5, 609
12, 204
9. 512
26, 559
6, 569
3, 101
2, 114
2. 395
12, 551
3 °82
9 830
9. 347
12. 101
8, 687
12, 195
•» IY2C-.
20 749
8,475
12.031
19, 874
- •> r.s3
51,681
2,631
67. 188
64, 188
6. 103
5. 517
63, 626
60, 796
5, 640
5 052
60, 789
58, 227
5, 355
4 798
58. 308
55. 959
5, 108
4 643
10.317
56, 128
53, 776
4 729
4 435
10 059
7 770
52, 303
4 448
4 201
9. 962
7 435
53, 241
50, 874
4 202
3 994
9' 489
7 083
22, 322
4,461
21 658
4 448
2,352
21. 740
4,517
2. 381
10 5i4
11,279
10,687
8 785
8 545
8 156
25, 658
24, 338
5, 702
23, 726
5,116
2. 562
23. 044
4, 691
2, 349
6,074
3,000
2,830
10 290
2 922
2, 434
12 653
2 8.30
9 823
9,643
9. 118
- 09 ( j |
|
* 93 j i i 7
<», 7f>8
11,718
842
22 8 "9
10 206
1 269
956
948
1 677
•' 691
12,274
•' 3 %1
- 2 738
22 016
9, 629
1 , 278
932
1,264
1.599
2.318
9. 645
12.459
1 <»47
1,87."
2, 412
1.782
59H
1 , 062
771
3. 061
9, 541'
' 12.654
2. 617
9 869
11,963
' 'Vi
T
13,078
9. 925
12,486
' 1 865
'2. 412
2,442
2 255
2, 301
12. 387
2. 862
9 525
2. 62n
188
2,367 ,
' 1 3-^3
r
954
T
1.049
- 1 705
r 0 ()25
' In U71
' 51.605
r
49.
3
r
3
r
'f
r
T
350
964
823
261
21 188
4 286
2, 345
T
r
23 053
10. 144
1 299
89*
r. <w
'2 874
2. 30-7
12. 9CK
3. 108
9, SO*
50, 229
47, 707
3 683
3 611
8 060
6 463
20, 819
4 062
2,522
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURNOVER
Operating businesses end of period totalt
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
thous..
do
do
do
do
do
do
4, 205. 7
432.3
326.6
741.9
1, 859. 2
285.0
560.7
v 4, 188 3
M30 5
p.321 5
p 740. 4
f 1,855 3
*281.9
p 558 7
New businesses semiannual total t Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
--
-do - do
do
do
do
do
do -
199.3
40.4
16.0
29.6
141.2
23 °
10. 4
23 1
58 1
8.6
17. 1
77.4
11.9
24.0
Discontinued businesses, semiannual totaif do
Contract construction
._
do
Manufacturin g _ _
do
Service industries
-do
Retail trade
-do
Wholesale trade
do
All other
-do
172.4
25.8
16.3
26.7
71. 1
9.8
22.7
v 1 58 6
Business transfers semiannual total f
206 0
151 2
do
" 15.5
i' 24 6
f 62 0
Ml 7
r> 19 1
BUSINESS INCORPORATIONS^
8,968
8,926
8, 703
7,487
7,433
S 267
7 269
8 915
q 543
8 533
number
do
do
- .. do ..
do
___
do
697
66
70
143
344
74
817
74
99
145
419
SO
724
43
64
164
380
73
700
49
92
148
340
71
686
31
89
145
336
85
840
75
89
188
404
84
815
66
97
175
389
88
b!3
64
89
193
382
85
867
60
86
19°
450
926
74
109
207
449
87
thous. oi doL.
do
do. _
do
_ _ .._
do
„
do
32, 789
3, 536
2,511
13, 981
6,909
5, 852
32, 379
1,759
3,200
11 179
12, 464
3,777
39,830
1,210
2,789
17 139
11,282
7,410
28, 529
1,077
3,868
10 267
10, 275
3,042
33,817
1,286
4,451
13 676
9,790
4,614
37, 076
3,848
4 366
14 956
9 671
4 235
36, 795
2.687
4 621
13 568
11 083
4 836
43, 754
1,871
4 154
23 731
9 757
4 241
29 592
3, 134
3 166
11 43 1
8 623
3 238
New incorporations (48 States)
number,.
V-\ '77°
C
* 9§/j
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 ._ ...
_
__
47, 774
4,341
4 Qg2
23 043
11 770
4 53g
1 1 0°
87
1 |'i
Qf ^
f?(i
04 3
8*
111
'YMl
•">, Y)
V}S)
460
91
42. M 2
38. 494
2, 961
3 6~4
1 5 691
1 1' 73()
4 4<}0
IUR
' ~> i
123
57, 280
3, 506
7 25r"
1 r; 3 59
26 043
5*117
l.fi'N
3
''()
1°
4
6^9
'tN
0 ;O
5"-
T
Revised.
* Preliminary.
fRe vised series. For manufacturers' inventories and orders, see corresponding note on p. S-3. Beginning 1953, data for operating businesses and business
turnover will be published on a semiannual basis; revised annual data for number of operating businesses (1929-52), new and discontinued businesses (1940-52), business transfers (1944-52 \
,
-,
semiannual data for operating businesses (second half 1944-52) by industry, and revisions for first three quarters of 1952 for all series as above (except transfers) are shown in the Tq
*
v 1954
SURVEY.
f Includes textiles, leather, paper, and printing end publishing industries; unfilled orders for other nondurable-goods industries are zero.
fFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cf Data are from Dun & Bradstreet, Inc.
SURVEY OF CUERENT BUSINESS
July 1954
S-5
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
July
June
August
September
October 1
No v e m
b er -
December
January
February
March
April
May
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
263
247
242
212
426
269
206
259
286
257
246
222
204
425
267
219
298
280
260
237
218
204
426
270
193
252
268
255
232
215
205
430
278
185
207
263
257
235
219
207
452
280
204
191
251
249
229
223
194
439
275
189
198
255
249
234
229
195
433
269
205
218
263
254
238
230
205
427
260
237
224
269
259
240
233
207
420
254
222
271
268
258
237
236
208
443
258
210
233
269
256
239
238
208
443
263
212
246
275
257
240
234
208
443
267
217
225
283
258
249
227
207
446
272
215
279
286
277
317
256
218
267
300
255
213
280
319
261
223
276
305
265
229
276
299
275
230
266
273
282
234
263
267
288
224
269
285
282
218
277
309
274
213
277
315
267
208
271
316
257
188
271
333
237
178
267
331
230
168
260
271
247
261
271
250
262
273
249
259
270
247
258
270
246
259
270
248
9gQ
270
250
263
271
254
264
271
255
264
272
255
265
273
256
267
276
256
280
277
279
279
277
276
277
278
282
282
283
283
284
94
93
93
91
S3
90
90
91
92
91
90
91
91
All commodities (U. S. Department of Commerce
index)
1935-39=100-
208.2
209.7
210. 1
210. 1
210.3
210 0
208 9
209.1
209.5
208.9
208.3
208.1
208.8
Consumer price index (U.S. Department of Labor) :
1947-49=100-.
All items
Apparel
do
Food
_
-do
Dairy products
do
Fru its and vegetables
do
Meats, poultry, and
fish
do
114.0
104.7
112. 1
107.8
115.2
109.2
114.5
104.6
113.7
107.5
121.7
111.3
114.7
104.4
113.8
108.3
118 2
112.0
115.0
104. 3
114.1
109. 1
112 7
114.1
115.2
105.3
113.8
109 6
106 6
113.5
115 4
105 5
113 6
110 1
107 7
111.1
115.0
105 5
112.0
110 5
107 4
107.0
114.9
105 3
112.3
110 3
109 2
107.8
115.2
104.9
113.1
109 7
110 8
110.2
115.0
104.7
112.6
109.0
108 0
109.7
114.8
104.3
112.1
108. 0
107 8
109.5
114.6
104.1
112.4
104. 6
110 0
110. 5
U15.0
104.2
113.3
103. 5
114.6
111.0
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
125. 1
121.8
112.7
107.6
130.6
118.4
118 4
106.9
108 1
126.0
122.6
112 9
107.8
130 7
118.5
118 7
107 0
108 1
126.8
122 8
113 2
108 6
130 7
119 7
118 9
107.3
108 3
127.3
123.3
113.4
108.9
130 1
120 2
118 9
107.2
108 1
127. 6
123. 6
113.6
108. 9
128. 9
120. 3
118 8
107.1
107 2
127. 8
123.7
113.7
108. 7
130 5
120.3
118.9
107.5
107 2
127.9
124.1
113.9
108.0
129.4
120.2
119.0
107.6
107 2
128. 0
124.4
114. 1
108.2
129 0
120.1
118.5
107.6
106 1
128.2
124.9
112.9
106.5
129. 1
120.2
118.9
107.7
105.9
128.3
125.1
113.0
106. 4
129.1
120.1
U S . Department of Labor indexes:
All commodities
--- - 1947-49 = 100- -
109.8
109.5
110.9
110. 6
111.0
110.2
109.8
110.1
110.9
110.5
110. 5
111.0
110.9
Farm products
- do
Fruits and vegetables, fresh and dried- do
Grains
do
Livestock and live poultry
do
97.8
105.4
93.4
91.7
95.4
109.9
84.2
86.8
97.9
94.7
85.4
95.9
96.4
98.0
86.5
88.1
98 1
96.0
88.3
90.6
95 3
94.2
87.9
82 0
93.7
94.2
89.3
78.4
94.4
89.8
90. 6
83.9
97.8
91.2
91.3
91.8
97.7
89.7
91.6
91.3
98.4
89.6
93.0
92.4
99.4
97. 4
92.9
94.9
98.0
104.4
91.2
93.0
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
U1 3
104 7
112 0
112 7
103 8
112 6
113 9
104 3
112.2
111.3
106 2
112 4
109.4
104 8
112.7
107.4
105 3
112 6
106. 1
105 9
113 2
103. 0
106. 8
113.4
101.7
104.0
93.8
103.7
91.6
105.0
97.0
104.7
93.6
104.7
97.4
104.9
88 9
104.7
86.2
103. 9
89.7
103.8
96.4
103.0
92.9
103. 0
92.8
103. 3
94.3
104.5
98.3
113.6
105.5
118.0
93.1
49.9
112.9
no. 8
113.9
105.6
119.2
93.1
46.6
110.6
110.8
114.8
106.2
120.2
93.6
46.7
113.8
110.7
114.9
106.3
120. 2
93.5
46.9
113.8
110.7
114.7
106.7
120.0
93.5
51.1
113.0
111.0
114.6
106.7
119 5
93.5
53.3
112 9
112 1
114.5
107.2
119.2
93.5
58.0
112 9
112.7
114.6
107.1
118.6
93.8
58.6
113.9
112.7
114.6
107.2
118.4
93.9
61.2
114.0
112.8
114.4
107.5
118.4
93.9
63.5
114.0
112.8
114. 2
107.4
117.9
93.9
60.5
114.0
112.8
114.5
107.2
117.4
94.0
59.8
114. 1
112.8
114.5
107.1
117.3
94.0
60.0
114.0
112.8
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
107.1
110.8
97.4
108.2
109.4
108.3
111.2
98.5
108.2
111.1
111.1
111.8
98.5
106.1
116.8
111.0
111.7
99.1
105.7
116. 5
110.9
112.3
98.0
106.0
116.5
111. 2
112.5
98 5
106.6
116.6
111 2
112.5
99.6
106.3
116.3
111.1
112.5
100.7
109. 6
114.9
110. 8
111.9
100.7
111.8
114.2
110.5
110.9
101.3
113.5
113.5
109. 2
107.9
102.9
111.5
111.5
108.6
104. 1
101. 8
112.3
1 12. 1
108.4
104.1
101.8
112.3
111.7
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
114.1
94.3
74.2
115.0
109. 1
114.1
94.3
74.0
115.2
109. 6
114.2
96.1
73.5
115.1
109.7
113.9
96.1
73.8
115.0
109. 5
113.7
95.7
73.8
115.6
109.9
113.6
95. 7
73.8
115. 5
109.7
113.5
95.7
73.8
Hides, skins, and leather products
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
100.4
111.5
74.8
97.3
121.8
121.0
101.0
111.7
76.3
98.0
121.5
120.7
100.0
111.7
73.4
96.1
121.1
120.2
99.9
111.8
74.6
95.0
120.4
119.3
99.7
111.8
74.2
94.5
119.2
118.3
97.1
111.7
64.4
90.4
118.1
117.2
97.1
111.8
64.3
90.4
117.3
116.3
95. 6
111.8
57.7
88.7
117.4
116.4
95.3
111.9
56.8
88.1
117.0
115.9
94.9
111.9
55.4
87.4
116.8
115.5
94.7
. 111.9
56.0
86.3
116.7
115. 6
94. 6
111.9
56.5
86.0
116.2
115.3
96.0
111.9
62.5
87.6
116.2
115.0
124.0
122.3
130.9
126.2
118.6
124.1
122.4
131.0
126.5
118.5
124.2
122.5
131.1
126.6
118.5
124.3
122.5
131.1
126.8
118.5
124.4
122.7
131.2
126.8
118.9
124.5
123.0
131.5
126.8
118.9
124.5
122. 3
131.7
126.8
118.9
124.4
122. 3
131.6
126. 5
118.9
124.4
122.6
131.6
126.0
118.9
Prices received, all farm products§..-_1910-14=100__
Crops
do
Food grains
do
Feed trains and nay
do
Tobacco
do
Cotton
- --do
Fruit
-- -do
Commercial vegetables fresh market
do
Oil-bearing crops
-do - Livestock and products
Meat animals
T3airv products
Poultry and eggs
do _ .
do
_do__
do
-
Prices paid:
A.11 commodities and services
do
Family living items
do Production items
do
All commodities and services, interest, taxes, and
wageratesj
-1910-14=100—
Parity ratio 9 1
-
--
^°
263
270
256
r
RETAIL PRICES
Housing
G r is and electricity
Housefurnishings
Rent
Medical care
Personal care
Reading and recreation
Transportation
Other goods and services
-
do
do
do
---- ---do
-do..
do
do
- do
do
WHOLESALE PRICESc?
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
Prepared paint 0
cio
do
do
do
do
do
do
122.4
123.4
122.9
123.7
Machinery and motive products, _.
do
122.4
122.7
122.3
122.6
Agricultural machinery and equip_._do
130.8
129.1
129.4
130.5
Construction machinery and equip. _do
124.8
122.6
124.2
125.6
Electrical machinery and equipment-do
118.6
118.6
118.6
118.6
Motor vehicles.
do
l
' Revised.
Index on base previously used (1935-39=100) is 192.3.
§ Revised beginning 1910 to incorporate revisions in the
*—
of the April 1954 SURVEY. JUD° 1QfU «nH Q *oc- A H farm
oil-bearing crops, 283; livestock a^^
on p. 24 of the April 1954 SURVEY.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
d"For actual wholesale prices of individual commodities, see respective commodities.
©Wholesale price index for paint and paint materials, published in issues of the SURVEY prior
to March 1954, has been discontinued.
1
SURVEY OF CURREXT BUSINESS
S-6
j
Unless otherwise stated, statistics through j
1952 and descriptive notes are shown in the j
1953 Statistical Supplement to the Survey !
July 1954
1954
IQ'iS
June
May
August
July
September
October
November
December
January
February
March
April
May
COMMODITY PRICES—Continued
WHOLESALE PR ICEScf— Continued
U. S. Department of Labor indexes: — Con.
Commodities other than farm prod., etc.— Con.
Metals and metal products
1947-49 =100 _ .
Heatin a equipment
do
Iron and steel
do
Nonferrous metals
do
Nonmetallic minerals, structural
do
Clay products
, do
Concrete products
do
Gypsum products
do
Tires and tubes
Textile products and apparel
Apparel
Cotton products
Silk products
_
Synthetic textiles
Wool products
126.9
114.6
130. 9
127.6
118.1
125. 1
115.5
122.1
129.3
115. 1
135.7
126 4
119.4
131.1
115.6
122.1
129. 4
115.6
136. 2
124 5
119.6
131.4
116. 1
122.1
128.5
115 8
134 6
122 8
120.7
132.0
117 4
122.1
127.9
115 8
133.4
122 1
120.7
132.0
117 4
122.1
127.9
115.8
133.6
122.3
120.8
132.1
117.4
122.1
127.5
115 5
132.8
122 1
120.8
132. 1
117 2
122.1
127.2
115 3
132.0
121 5
120.9
131.9
117.2
122.1
126.2
114 8
131.0
119 8
121.0
131.9
117. 6
122.1
126.3
114.4
130.6
121.2
121.0
132.0
117.3
122.1
126.8
114. 5
131.1
123.4
120.8
132.0
117.3
122.1
127.1
114 0
131.8
123 6
119.2
132.0
117 3
122.1
do
do
do
do
do
do
do
Pulp paper and allied products
Paper
125. 7
114.4
128.9
126.6
117.2
124.7
115.5
122.1
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
03.4
134.7
87.5
111.6
115 8
125 1
124 6
126 4
97.5
99.3
94. 1
134.7
87. 5
111.7
116 2
125 9
123 6
125 1
97. 5
99.3
94.1
134.7
86 7
111.8
116 9
126 5
194 0
126 4
96 9
98.5
93 7
134. 7
86 7
111.2
117 5
126 6
124 2
130 1
96 5
98.7
92.4
135.8
85 9
111.6
117 3
126.8
124 3
130 1
96.2
98.7
91.6
136. 5
85.2
111.5
117 1
126 8
124 8
130 1
95 8
97.9
90 9
139.3
85 5
112 1
117 0
126.8
124 8
130 3
96.1
99.1
90.4
142.1
85.4
111.0
117 1
126 8
124 6
130 3
95 3
98.8
88 8
135.8
85 4
109.0
116 6
126.8
124 9
130 3
94.7
98.6
88.5
135.1
84 9
106.4
116 3
126.8
125 0
129 3
94.4
98.2
88.5
132.3
84.6
106.3
115 8
126 5
125 1
129 3
94 5
98.2
88 3
131. 6
85 2
106.8
do
do
do_
114.8
110.0
124.0
114.9
110.0
124.0
115.6
110 0
124. 0
115. 6
110 0
124 0
116.2
111 2
124 0
118.1
114 9
124.0
118.1
114 9
124.0
118.1
114 9
124 0
118.2
115.0
124.0
118.0
114 6
124.0
117.9
114 6
124 0
121.5
114 6
124.0
121.4
114 3
124 0
91.1
87.7
89.2
91.3
87.3
88.0
90.2
87.2
87 9
90.4
87.0
87 6
90 1
86 8
87 9
90 7
86 7
88 0
91 1
87.0
89 3
90 8
87 0
89 0
90 2
86.8
88 4
90 5
87 0
88 8
90 5
87 1
89 2
do
do
--
Tobacco mfrs. and bottled beverages
Beverages alcoholic
Cigarettes
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
Retail food prices
-
1947-49=100
do
do
90 1
87 3
89 0 i
1
1
l
90 2
87 0
88 3
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY J
mil. of dol...
2,960
3, 224
3, 325
3, 345
3,362
3,236
3 024
2 712
2 440
2 348
2 568
r
2 814
3 097
Private total
do
Residential (nonfarm)
do
New dwelling units
_
do
\dditions and alterations
do
Nonresidential building, except farm and public
utility, total
mil. of dol..
Industrial
do.
Commercial
do
Farm construction
do
Public utility
do
2, 013
1, 012
885
105
2 187
1,123
990
110
2 218
1, 126
990
112
2 223
1 114
980
110
2 200
1 093
965
103
2 154
1 076
950
101
2 077
1 034
915
94
1 917
951
850
78
1 714
816
730
63
1 643
758
675
61
1 791
863
770
71
r i 937
r
980
r
860
2 106
1 082
945
111
451
191
129
161
377
479
185
152
174
398
489
176
165
182
408
493
174
169
185
420
505
177
175
170
422
511
177
179
140
417
523
177
192
118
393
507
177
182
103
347
486
179
164
102
303
474
176
157
106
298
469
173
154
114
338
r 464
947
50
371
113
243
75
95
1,037
51
377
122
310
78
99
1,107
46
373
122
382
77
107
1 122
44
376
120
395
74
113
1 162
46
380
118
428
73
117
1 082
46
374
101
379
70
112
947
43
353
96
286
66
103
795
39
350
78
174
61
93
726
36
354
65
130
51
90
705
35
347
61
125
46
91
777
34
367
61
160
53
102
r §77
32
383
r
66
230
59
107
New construction, total
Public, total
Residential
Nonresidential building .
Military and naval
Highway
Conservation and development
Other types
do
do
do ...
do
do
do
do
r 95
169
151
127
358
491
16.6
169
145
379
9Q1
31
395
67
320
63
115
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
52, 544
40, 069
53, 304
Total projects
number
55 659
46 564
65 521
38 361
42 586
50 049
41 379
35 777
40 787
65 641
Total valuation
thous. of dol 1,606,091 1, 115, 509 1, 793, 342 1 414 408 1 741 673 1 899 388 1 394 050 1 299 764 1 151 987 1 221 260 1 527 517 1 69l' 868 1 925 253
372, 004
Public ownership
do. _. 553, 760
610, 348
484, 191
532, 064
669, 239
363 087
435 799
724, 682
689, 264
476 550
478 814
483 160
1, 052, 331
743, 505 1, 182, 994
Private ownership
do
785 461 1 043 326 1 215 318 1 256 014
882 344 1 016 991 1 203 124
788 900
820 950
910 890
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
_
Floor area
_
Valuation
Public works:
Projects
Valuation
Utilities:
Projects
Valuation
.
number
thous. of sq. ft..
thous. of dol..
5,728
45, 640
582, 001
5 020
35, 185
459, 230
6,209
57. 374
764, 393
5 267
40. 292
545, 851
4 675
38, 407
783, 266
5 316
52, 435
758, 130
4 199
40, 368
611,857
3 804
36, 450
540, 338
3 661
33, 937
473, 077
3 871
32, 259
468, 712
4 936
41, 561
532, 060
5 406
45, 971
605, 427
5 647
51, 913
672, 288
..number
_. thous. of sq. ft
--thous. of doL_
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
42 610
65 908
634, 582
35 668
50 247
484, 168
30 492
46 614
433, 500
33 442
48 156
462, 482
35 621
52 706
508, 773
48 718
69 631
667, 737
57 531
80 422
796, 133
57 019
84 946
825, 300
number, _
thous. of d o l _ _
2,094
288, 783
1,874
138, 257
2,336
269, 600
2,335
304, 917
1,796
269, 625
1,693
270, 064
1,177
239, 827
1,153
226, 634
951
134, 304
1,007
191, 855
1,623
209, 986
2,040
219, 400
2,427
324, 032
.
number..
-thous. of doL.
405
97, 526
430
54, 938
532
105, 942
408
56, 080
403
181,352
430
229, 612
335
58, 198
328
99, 292
307
82, 124
288
51, 920
382
117, 734
544
70,908
548
103, 633
Value of contract awards (F. R. indexes):
Total, unadjusted
1947-49=100
Residential, unadjusted
do. ..
Total, adjusted
_ .
do
Residential, adjusted ..
do
195
194
161
164
197
192
169
174
189
178
172
175
216
183
205
1S4
221
181
218
180
220
178
230
183
201
170
224
176
168
151
208
177
161
154
195
185
171
180
196
201
194
216
191
205
r 225
r 051
230
259
190
219
794, 315 1,510,921
766, 320
766, 601
Engineering construction:
Contract awards (ENR)§.-_
thous. of dol. . 1,083,795 1, 318, 070 1, 262, 992 1,111,213 1,116,572 1,469,252
Highway concrete pavement contract awards:©
Total.. __
_
thous. of sq. yd..
Airports
do
Roads
do
Streets and alleys..
_.
do....
8,333
413
5,237
2.682
5, 698
278
3, 315
2.105
213
933, 637 1, 439, 441 I, 436, 942
2
7,810
8,658
6,094
3,258
7,187
6,605
4,726
4,036
829
973
1 056
1 102
100
1 748
148
1 299
2
4 232
3 798
4 066
4 336
1 852
3 691
1 774
1 007
1*729
3. 453
2.019
1. 582
1 ! 384
29.121
l!l25
2! 956
r
Revised.
* Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.2; consumer prices, 52.0; retail food, 43.7.
awarded in prior months but not reported.
cfFor actual wholesale prices of individual commodities, see respective commodities.
| Re visions for 1950-March 1953 will be shown later.
§Data for July, October, and December 1953 and April 1954 are for 5 weeks; other months, 4 weeks.
©Data for July and September 1953 and March 1954 are for 5 weeks; other months, 4 weeks.
r 196
6,075
1 078
2 347
2^649
2
7,791
1 211
4 005
9 575
6, 255
1 4Rft
1 820
9 QM
Data include some contracts
S-7
SURVEY OF CURRENT BUSINESS
July 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1954
1953
May
June
July
August
September
October
November
December
January
February
March
April
May
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U S Department of Labor)
number .
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total
._ numberPrivately financed total
do
Units in 1 -family structures
do
Units in 2-family structures
do
Units in multifamily structures
do
Publicly financed total
do
Indexes of urban building authorized:
Number of new dwelling units
1947 49 — 100
Valuation of building total
do
New residential building
do
Addit'
s nlfprntions nnd rpnairs
do
108, 300
104, 600
96, 700
93, 200
95, 100
90, 100
81,500
65, 800
66, 000
73, 000
97, 000
110,000
106, 000
55, 199
52, 742
42, 478
3,296
6,968
2,457
54, 064
51,732
41,362
2,635
7,735
2,332
47, 267
46, 697
37,015
2,906
6,776
570
45, 621
44, 539
35, 689
2,254
6,596
1,082
46,149
42, 900
33, 626
2,399
6, 875
3,249
43, 381
43, 143
34, 536
2, 676
5, 931
238
35, 707
34, 150
27, 807
2,098
4, 245
1, 557
32, 753
31,987
24, 156
2,028
5, 803
766
33, 669
31,855
23, 185
1,489
7,181
1,814
38, 916
37, 784
29, 705
1,882
6, 197
1,132
55, 546
53, 595
43, 349
2, 488
7, 758
1,951
57, 773
56, 807
47, 082
2,526
7,199
53, 068
52, 871
44, 592
2,199
6,080
120. 7
« 164. 4
« 164. 4
" 172. 5
145.9
118 0
160.0
160.3
159.8
159.5
103 3
159.7
144.9
184.5
158 0
99 6
144.9
141.0
154.4
137 9
100 9
144.7
143.3
144.7
149 6
94 8
141 8
133.8
156 6
138 0
78 5
121.5
109.7
145 8
109 7
71 7
109.9
96.2
137 7
97 4
73 6
108.4
95.2
132.2
93 1
84 2
115.1
113.7
122.3
103.9
119 9
160. 3
165.9
164.8
129 5
126 5
171.7
180. 1
169.1
146 0
121.1
122.1
385
123. 1
123.1
123.1
392
122.8
122.9
123.0
392
121.9
121.0
121.3
393
121.2
121.7
572
616
592
524
568
402
573
616
592
526
568
411
580
639
601
526
574
411
583
639
601
526
574
416
583
639
601
521
574
417
584
640
604
524
572
418
585
641
609
525
576
418
585
641
609
525
576
418
584
641
623
522
576
422
585
641
624
522
576
420
586
641
624
529
579
420
585
639
623
530
577
586
639
623
530
577
422
422
249.2
247.4
255.5
251.3
249.6
257.1
254.2
252.2
259.0
254.9
253.0
258.7
255.8
253.5
258.3
255.6
253.2
257.3
256.0
253. 7
257.4
256. 3
253 8
257 1
254. 9
251.9
255.2
254.3
250.9
253. 7
254. 0
250.7
253. 7
254. 2
250.2
252 8
255.7
251.3
253.9
255.2
251.0
252.3
257.4
234.2
257.5
254.7
254.0
259.2
239.1
260.5
257.4
255.8
261.2
241.2
261.0
257.8
256. 0
260.0
241.6
262.0
258.7
256. 0
259. 0
242.3
261.9
258 6
255.2
257. 6
242. 5
262. 2
258 9
255 3
257. 8
242 8
262
259
255
257
243
5
1
1
2
0
261. 4
257 9
2f.3 5
254. 7
241 9
260. 4
257. 3
252.5
252.5
241. 3
260.2
257 2
252. 5
252. 7
241.2
261 0
257 4
251 9
251. 5
241 2
262.9
258 8
253.1
252. 6
242 2
256.0
252.0
257.4
253.5
259.4
255.4
259.0
254.6
258.8
254.1
257.8
252.9
257.9
253.0
257 7
252 6
255.7
250.5
254.2
248.3
254. 2
248.9
253 4
247.4
254.5
248.3
126.1
131.1
128.7
133.5
129.2
135.2
129.0
134.9
129.0
135 0
129 0
135 1
128 9
135 0
129 2
135 5
129 4
135 7
129 3
135 5
129 5
135 8
129 7
136 6
130 2
137 2
0
966
197
CONSTRUCTION COST INDEXES
Department of Commerce compositet 1947-49=100..
Aberth'iw (industrial building)
1914—100
American Appraisal Co., The:
Average, 30 cities
___1913 = 100._
Atlanta
do
New York
_ do..
San Francisco
do
St LOP is
do . _ _
Associated General Contractors (all types).. do
E. H. Boeckh and Associates: §
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick arid concrete..U. S. avg. 1926-29=100..
Brick and steel
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do_ _.
Bn'ck and steel
do
Brick and wood
do
Frame
.
do _ _ _
Steel
do
Residences:
Brick
do
Frame
do
Engineering News- Record :cf
Building
1947-49=100
Construction
do
Bu. of Public Roads— Highway construction:
Composite standard mile
1946—100
133.2
133 9
127 7
131 8
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted
do
167.3
158.1
176.1
164.6
174.0
163.5
177.5
156. 8
178 6
166.1
185 7
167 6
160 1
161 6
147 1
166 4
r 138 7
r 162 4
r 143 8
174 3
r
r 166 Q
T
176 6
j> 171 8
v 172 8
REAL ESTATE
Home mortgages insured or guaranteed by —
Fed. Hous. Adm.: Face amount. ..thous. of doL_ 187, 078 185, 610 203, 130
193, 071
185, 545
193, 538
172, 353
173, 057
161, 872
154, 255
183, 443
152,886
146, 580
241, 928
Vet. Adm.: Face amount
.. do__ _ 215, 950
229, 347
247, 905
309 429
291 656
284 905
225 681
252 433
247 561
268 144
269 616
249 213
Federal Home Loan Banks, outstanding advances
644
718
to member institutions
_ .mil. ofdol.
700
746
819
801
952
751
865
677
613
630
608
New mortgage loans of all savings and loan associations, estimated total
thous. of dol__ 690, 277 733, 216 757, 569 706, 631 684, 245 688, 142
585 915
494 859
583 538
539 359
710 130
731 533
728 369
By purpose of loan:
231, 676
241, 284
Home construction
do
236, 513
254 361
217, 925
208 137
218 785
190 304
187 422
151 935
245 604
176 074
256 844
295, 337
327, 046
Home purchase
do
355 316
339 956
328 453
318 359
265 424
217 119
258 641
219 846
288 212
297 895
301 497
58, 627
59, 961
Refinancing
do
58, 476
51, 969
50 671
52' 094
45 705
48 394
47 548
54 959
66 397
66 174
65 105
27, 643
Repairs and reconditioning
do
27, 307
27 438
27 043
27 204
9fi J.90
27 059
19 454
19 672
15 992
°5 602
19 314
25 17tt
76, 994
All other purposes
...
do
77, 618
80, 221
69, 343
69 780
85 444
71 845
69 479
84 315
65 028
62 265
69* 166
80 986
New nonfarm mortgages recorded ($20,000 and
under), estimated total
-thous. of dol 1, 698, 634 1, 769, 259 1, 797, 760 1, 709, 392 1 728,508 1 745 841 1 548 645 1 622 326 1 372 242 1 425 193 1 783 519 1 792 991 1 804 490
12.8
13.0
Nonfarm foreclosures, adjusted index .1935-39 = 100. _
14.8
14.2
14.2
13.6
13.1
14.7
14.6
17.4
16.3
64,239
67, 644
Fire losses
thous. of doL.
74, 938
107, 713
68, 613
68, 551
68, 064
83, 440
84, 821
86, 493
78, 928
62, 282
77, 933
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:!
Combined index __
1947-49=100
Business papers
do
Magazines
do
Newspapers,
do
Outdoor. _
__do
Radio (network)
do
Television (network) 9
1950-52=100-.
161
162
136
158
138
r
67
181
162
161
139
157
134
68
187
167
159
133
160
142
77
226
155
164
121
156
136
73
187
164
164
132
167
136
71
185
166
162
140
162
140
66
206
167
183
137
160
145
67
211
162
168
135
164
153
69
216
164
165
138
162
144
64
225
161
ififi
136
IfJK
i AP;
1 fifi
133
130
1 ^Q
1 40
fifi
1 ^8
aA
224
224
240
-I CO
250
Tide advertising index, unadjusted.. .1947-49= 100- _
174.6
158.6
124.8
126.6
161.8
188.8
183.3
146.4
130.3
146. 7
172.8
180 0
180. (
r
Revised.
p Preliminary.
fMinor 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.
•
vv
cfData reported at the beginning of each month are shown here for the previous month.
t Revised series. Data reflect the adoption of a more recent comparison base (except for television) and adjustments of the radio and television components to cover only the network
portion of these media. Revisions prior to January 1953 will be shown later.
9 Notice that the base for television differs from that of other media.
0
Revised indexes for April 1953: New dwelling units, 131.8; total valuation of building, 183.9; new residential building, 182.0; new nonresidential building, 201.3.
SURVEY OF CURRENT BUSINESS
S-8
July 1054
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
June
1954
Septem-
August
July
ber
October
Novem-
ber
February
Decem-
January
14, 185
896
3, 935
1 2, 205
781
3 393
253
235
2,798
509
1 , 2b3
1 068
1,914
13, 895
1,063
3 713
278
254
3,136
577
1,428
1,161
2,286
' 12, 267
785
3,413
297
242
2, 648
441
1, 358
r
812
' 2, 271
12, 098
957
3,315
258
236
2,476
328
1,287
867
2,374
her
March
April
DOMESTIC TRADE—Continued
i
i
ADVERTISING— Continued
1
Radio advertising:
Cost of facilities, total
tbous. o f d o l _ _
Automotive, incl accessories
- do
Drugs and toiletries
do
Electrical household equipment
do
Financial and insurance
do
Foods, soft drinks, confectionery
do
Gasoline and oil
do
Soaps, cleansers, etc
do._ _
Smoking materials
do
All other
do
Magazine advertising.'^
Cost total
Apparel 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 supolies
Household furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
All other
Linage total
--
Newspaper advertising:
Linage total (52 cities)
Classified
Display total
Automotive
Financial
General
Retail
do
do
do__ _
do
do__
do
thous. of lines. .
-
-
do
do
do_
do
do
do_ .
do
14, 107
511
4,288
13, 247
557
4,129
12,226 i
607
3,684
435 ;
11, 707
679
3,363
13. 829
979
3, 901
13, 667
1,034
3 658
3,550
372
1,238
1,420
2,115
3,047
386
1,372
1,370
1,715
226
366
290
12, 145
739
3,466
2, 985
412
1,335
2,690
396
1,304
2,666
345
1,368
1,550
1,742
1,933
3,101
338
1,429
1,271
2,214
2. 988
' 461
1,399
1,331
2,324
3, 256
539
1,482
1 , 353
2, 185
13, 286
774
3 710
251
238
3,012
640
1.263
1 183
2,214
67, 636
5, 525
6, 398
4,237
6, 584
7,878
2,667
57, 876
3,771
5,894
3,498
7,150
8,016
2,452
37, 505
42, 740
4,300
4,977
1,881
5,429
6,056
1,402
60, 152
7,110
4,484
3,428
6,419
7, 433
2,062
72, 670
5,856
5,770
3,604
7,915
10, 010
3,126
69, 846
5,071
5. 405
2, 1 93
7, 555
9, 599
3,888
47,531
3, 725
2,617
1,094
5,109
7, 035
4,165
38 847
1,971
4 657
1,741
4,920
6 400
1,287
52 302
3 274
4 726
2 351
6,422
9 073
2 037
64, 830
5,013
6,237
3, 516
6,825
9,905
2,490
66, 705
6,004
5,769
4, 224
6, 803
8,499
2,743
69, 914
6, 043
6, 825
4,742
6, 736
8,407
2, 640
5,488
3,787
4,099
1, 946
1,704
17, 323
4,570
2,087
3,891
1,615
1,677
13, 252
2,117
2,607
1,073
1,191
9,109
1,592
1,501
2,986
1,165
1,379
10, 071
3, 788
3,077
3,678
1, 300
1,581
15, 793
4,985
4, 596
4,640
1,661
1,754
18, 753
3,874
3,826
4,999
1,446
1,603
20, 386
2, 975
1,904
3,277
1 702
13,310
854
1,169
2,638
896
1,211
11,102
2,398
1 709
3 190
1 137
1 431
14 553
4,217
2, 742
3, 81 8
1, 594
1,943
16, 530
4,586
3,624
4,082
1,615
1 , 564
17, 192
5, 194
3,734
4,083
1, 862
1, 889
17, 759
4,445
3, 360
3,205
4,136
4,965
5,230
4,406
3,161
3. 655
4 131
4,754
4, 551
4,284
244, 446
62, 385
182, 061
13, 493
2,549
36, 191
129, 828
215, 965
56, 330
159, 635
13, 550
2,691
31, 171
112,223
187,997
53, 368
134, 629
11,581
3,074
24, 531
95, 442
198,647
56, 553
142, 095
11,417
2,021
23, 034
105, 623
219, 558
54, 175
165, 383
11,910
2,515
31, 684
119,275
244, 370
55, 833
188, 537
14,312
2,776
39, 186
132, 263
241, 346
50, 71 8
190, 629
12, 579
2.789
37, 773
137, 488
224, 299
43 297
181,001
10,018
2, 897
27, 60S
140, 449
182, 932
46, 054
136, 878
10, 192
4,071
22, 626
99, 989
732
499
233
240
457
573
963
216,155
50, 024
166,131
11,336
3,099
34, 084
117,611
233, 264
51,778
181,486
14, 147
3, 065
33, 979
130, 295
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
6, 669
125, 106
6, 112
116, 272
6 501
7,199
7 ISO
433
238
377
236
r
r
992
932
4, 265
1,832
5,744
6,179
1,809
647
408
291
876
929
310
287
249
222
284
255
618
180
44
136
9
2
26
97
234, 644
55, 689
178, 955
14, 647
2, 905
34, 896
126, 506
POSTAL BUSINESS
Money orders issued (50 cities):
Domestic:
Number
Value
thousands
thous. of dol
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual ratesrf
Goods and services, total
„.__.
bil. of doL.
Durable goods total
Furniture and household equipment
Other durable goods
Nondurable goods total
Clothing and shoes
Food and alcoholic beverages
Gasoline 'ind oil
Semidurable housefurnishings
Tobacco
Service^ total
Household operation
Housing
Personal services
Recreation
Transportation
Other services
' 230. 8
r
r
do
r 231.
'
30. 3
13 7
r
r
119. 6
20 2
' 118. 6
' 19.4
r
do
do
do
do
do
do
do
'
3 7
r
r
6. 7
'2.5
'2.5
5. 5
r
12. 9
T
12.9
r
r
80 9
' 12 0
r
27 3
' r28. 0
!
i
r
;
r
4. 5
' 7. 1
r 25 7
71 9
rg 9
'2.4
5. 1
12 9
-8X6
' 12 0
'29.0
4.4
r
4. 5
r
7. 2
f
26. 5
' 83 0
' 12 1
'28 6
4 4
'4 3
'7 2
'26 4
r 12. 2
'•
r 4 4
r
82. 3
i
'118.8
' 19.5
' 72. 0
' 6.9
'2.4
' 5.2
12.8
118 7
r 19 5
r
'65
[
' 1 2. 6
r
r 71. 9
' 72. 0
'28.0
r
11.6
' 12.8
' 3. 0
?8 0
r 11 7
' 12.9
-3.9
r 12.7
do
do
do
do
do
-do
r
' 13.5
'3.9
do
do
4.4
4.4
7. 1
26. 1
T
_
' 230. 5
' 229. 7
2
30. 3
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
Lumber, building, hardware group
do
Lumber, building-materials dealers.- do
Hardware stores
__
do
Nondurable-goods stores.
Apparel group
Men's and boys' wear stores
__
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores.. _.
Drug and proprietary stores
Eating and drinking places
r
do.
do
do
do_.
do
do.
do
do
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
13, 955
4 742
2 531
16,444
4 944
2 279
12, 339
3, 861
2 I'M
12, 065
4,070
2,254
13. 540
4,768
2,771
2, 929
163
2,862
171
2,910
158
2,690
148
2,594
143
2,770
156
2, 388
143
465
348
2, 099
180
1, 000
535
465
2.014
110
670
364
307
2,142
112
652
362
290
2,644
127
690
398
292
752
796
741
785
724
830
813
455
297
453
343
411
330
435
350
389
334
475
355
897
662
234
965
733
232
961
725
236
964
736
228
943
712
231
968
711
256
862
623
239
861
564
297
627
462
165
654
482
172
9,264
9,097
9,007
8,987
9,080
9,632
9, 213
11, 500
1 364
352
524
291
196
516
1,096
8, 478
678
160
271
132
115
407
988
7,996
604
134
250
116
103
394
962
888
188
375
170
155
397
1,085
873
198
342
172
161
708
149
277
151
131
699
133
276
161
129
396
392
390
1,093
1,181
1,188
840
156
324
902
177
361
192
167
205
158
377
1,147
866
196
340
194
137
394
384
1,134
1,05)
738'
542
196
8,772
715
152
297
143
124
401
1,004
' 14, 324 v 14, 246
4 963
5,020
2 832
2 841
2,699
143
695
407
288
2,695
137
808
587
221
849
620
229
' 9, 361
949
198
379
188
185
398
1,035 5
739
444
296
9,227
821
184
337
149
152
406
1, 100
Revised.
*> Preliminary.
1 Unpublished revisions for magazine advertising for January 1952-February 1953 will be shown later.
t Revised series. Quarterly estimates have been revised back to 1939; annual data, to 1929. Revisions prior to 2d quarter 1953 for the grand total, total durable and nondurable goods, and
services are shown as components of gross national product in table 5 on pp. 8-9 of this issue of the SURVEY; those for the subgroups will appear in the forthcoming National Income
Supplement.
SURVEY OF CURRENT BUSINESS
July 1954
Unless otherwise stated, statistics through
1952 and descriptive noter. aro shown in tho
1953 Statistical Supplement to tho Survey
S-9
1953
May
June
July
August
1954
September
October
November
Decem- January
ber
February
March
April
May
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores— Continued
Estimated sales (unadjusted) — Continued
Nondurable-goods stores — Continued
Ford group
mil. of dol
Grocery stores
_
do
Gasoline service stations
do
General-mcrchandiso group
do
Department stores, excl. mail-order .do
Mail-orde v (catalog sales)
do
Variety stores
do
Other eon era! -merchandise stores
do..-.
Liquor stores
____do
Estimated saler. ( adjusted), total
...do __
Durable-goods stores
do
Automotive group
do
M"t - r - v e h i c l o s. o t h e r a u t o m o t i v e
dealers
mil . of dol. .
Tiro, battery, accessory dealers
do
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance radio stores
do
Drue* and proprietary store?
Eatinf and drinking places
Food group
.
Grocery store;1.
Gasoline service stations
..
Firms with 11 or more stores:
Estimated sale? (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..
2,781
916
3, 478
2,897
971
3, 425
2,858
3,350
960
2, 783
908
3,567
2,997
3,291
2,740
914
898
3,618
3,018
914
3, 357
2, 837
855
3,112
800
870
1,167
624
75
176
292
269
1 142
599
82
188
273
256
1 330
724
94
198
314
266
4, 626
2, 509
13, 622
4, 436
2, 285
13, 972
4 745
13, 900
4 858
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
24?,
344
269
1, 551
844
110
240
357
275
1,714
934
112
264
403
298
1,753
963
140
257
394
294
2,748
14, 424
5,154
2,871
14,412
14, 469
5,102
14,073
13, 982
4, 865
14,040
14,104
13,932
2; 712
159
77S
44R
330
5, 103
2, 816
4,914
r
3 340
1.477
181
526
564
462
2,607
3 422
' 2, 806
903
1 478
819
86
2,728
14, 242
4 882
14 030
4 730
2 581
2,582
T
3 447
2 886
955
1 567
863
94
249
361
266
2,799
2,449
5, 029
2. 859
5, 005
137
712
380
332
2,718
141
746
429
317
2,630
147
754
432
322
2, 365
144
738
418
320
2,148
137
784
443
341
2.349
2,595
153
779
453
326
143
758
433
326
146
111
440
337
2,667
22*?
350
262
2, 663
153
786
441
344
2. 694
142
768
426
342
2,490
853
634
218
848
633
215
872
637
235
900
671
229
880
657
223
856
618
238
893
657
236
820
597
223
827
599
228
849
619
230
784
570
214
781
566
215
800
582
217
do
do
.do
do
do
do
9, 270
915
204
375
189
147
9,309
9,367
9, 159
812
168
320
193
131
9,117
790
168
310
175
144
9,011
768
155
299
169
146
9. 099
787
167
314
163
143
9, 306
9,186
845
187
339
163
156
9.228
'878
199
341
177
162
9 042
807
190
308
164
140
* 9, 360
876
200
340
182
153
0 299
822
194
330
160
138
. do
do
do
do
do
3,367
2,759
391
1,100
3,413
3.444
387
1,077
933
430
1,066
3, 378
2, 857
936
416
1 099
3 396
2,831
916
410
1 049
3, 362
2,831
915
r
r
897
394
1,054
3, 375
2, 838
910
408
1,064
3. 432
880
2, 843
877
383
1,070
3, 400
868
393
1,115
3, 434
2. 860
874
416
1, 105
3, 366
2, 835
938
410
1 102
3 420
2 858
954
1, 628
902
118
265
343
268
1,634
898
116
264
357
275
1, 636
874
119
286
356
283
1,595
868
109
264
353
279
1, 548
832
103
262
352
285
1,528
840
96
249
343
274
1, 571
857
106
252
356
278
1.629
870
118
260
381
308
1,505
823
96
236
349
316
1,528
822
100
250
357
097
1,490
806
98
226
300
289
1, 606
857
104
250
394
292
1 539
840
1 00
234
365
22, 760
22, 141
10, 737
22,112
22, 448
10, 547
23, 023
10, 615
12, 408
23, 584
10, 589
12, 995
23, 628
10, 459
13, 169
21,208
21 369
10 233
11 136
22 046
10 476
11 570
23 321
r
23 351
10*913
11,080
03 054
10 898
12 156
22, 720
10, 727
3, 875
2, 028
22, 437
10, 574
22, 661
10, 608
3 748
22 521
10 688
3 895
1 984
22 421
10 584
3 808
1 994
2,351
22 563
10 486
3 807
2 013
2,313
r
r
3,768
22 690
10 412
3 773
1,992
2,315
22
10
3
2
11,863
11,993
11
2
2
3
11
2
2
3
12
2
2
3
12 278
2 811
2 578
12 34°
2,324
3,842
11, 993
2, 573
2,314
3, 857
2,760
2,587
do
do
do
Adjusted, total
.
__
do
Durable-goods stores.
do
Automotive group
do
Furnitive and appliance group
do
Lumber, building, hardware group. ..do
Nondurable-goods stores
Apparel group
Food group _ _
General-merchandise group
3,377
2,629
General-merchandise group
.. do .
Department stores, excl. mail order. .do
Mail-order (catalog sales)
do
Variety stores do
Other general-merchandise stores
do
Liquor store?
do
Estimated inventories:!
Unadjusted, total
Durable-goo^s stores
Nondurable-goods stores
2, 858
888
2,836
Lumber, building, hardware group
do
Lumber, building-materials dealers.-.do
Hardware stores
do
Nondurable-goods .r.torea
Apparel group
Men's and. boys' wear storesWomen*;! apparel, accessory stoics
Family and other apparel stores
Shoo storey
3,485
do
do
. do
do
do
do
do _
do
do
do
do
do
General-merchandise group
do
Department stores
do
Dry-goods, other g e n e r a l - m e r c h a n d i s e
stores
„
mil. of doL.
Variety stores
do
Grocery stores
do
Lumber, building-materials dealers
do
Tire, battery, accessory stores...
...do
Estimated sales (adjusted), total....
do
Apparel group __
do
Men's and boys' wear stores.
do
Women's apparel, accessory stores
do
Shoe stores..
do
Drug and proprietary storesdo____
Eating and drinking places
.......do
Furniture, homefurnishings stores
do
404
1,086
854
11,028
11, 732
919
195
382
193
149
402
1,086
3,394
2,785
11,404
22, 455 "
10, 526
3, 528
2, 070
2, 572
22, 294
10, 472
11, 929
900
196
357
196
152
10, 706
11,406
139
771
416
355
2,834
11,901
2,530
22, 743
10, 730
3,810
1,981
2, 555
22, 775
10, 624
22. 924
1,987
2, 531
2,038
2,520
11,822
2,506
2,235
3,824
12,013
12, 151
2, 593
2, 352
12, 003
2, 573
2, 604
180
17
72
58
62
58
30
2,576
2,460
747
376
2,487
2,317
3, 851
3,573
1,980
2,574
2, 628
2,214
3,923
3,737
3,897
10,921
3, 937
2,842
2,424
142
11
59
49
63
61
24
2,501
138
10
59
46
62
59
27
2,524
171
13
65
59
60
60
25
188
18
73
57
64
59
30
750
362
652
306
705
325
726
335
102
177
1, 050
63
56
108
184
1,015
68
60
92
172
1, 038
67
57
107
182
1 035
68
55
2,586
2,618
174
17
69
56
64
59
26
2,635
2,572
177
18
70
57
64
57
30
178
17
68
62
62
59
26
184
18
73
61
64
60
26
169
16
69
55
63
57
26
2,776
1,994
2,419
2, 527
2, 289
3,823
8fi8
188
354
167
158
2.890
9. 870
11,332
2,039
2,495
2 52!
2 344
3 858
2,437
833
594
394
673
2,502
837
612
416
668
2,738
T
12 271
12 408
077
720
437
732
132
769
436
333
844
502
8°1
018
2,322
9 71 "Z
3,665
r
2 586
3' 778
2, 687
212
18
81
73
62
54
27
1 2, 603
165
14
66
57
61
55
32
176
20
69
48
60
53
32
3, 457
287
35
113
81
88
57
33
2,240
120
12
45
37
60
50
2°
2,150
113
10
45
36
57
49
25
2, 429
155
14
58
48
59
54
31
798
372
801
352
1 282
509
501
223
510
220
604
278
737
346
697
34"
107
183
1 014
71
47
121
202
1,132
70
53
121
199
1 001
58
49
194
410
1 129
50
72
76
133
1 097
41
37
71
144
1 000
47
39
84
155
1 080
54
43
108
198
1 128
60
50
96
1 74
i -11^
64
49
2, 562
165
15
63
55
63
59
25
2, 532
168
15
65
54
63
57
27
2,569
2, 620
188
20
75
56
63
54
23
2,543
2,585
2,584
167
14
67
54
62
56
30
167
15
62
56
61
55
30
2, 613
175
16
69
56
64
55
29
i 2. 595
160
14
63
53
63
54
28
173
17
68
51
63
55
30
164
14
64
54
62
54
29
r
General-merchandise group
do
795
782
778
723
716
735
698
760
702
693
736
718
715
01 f)
094
OOfl
OAA
Department stores
_
do
377
359
356
328
321
317
317
318
322
°/°
Dry-goods, other general-merchandise
1 AC
1 AC
no
stores.
mil. of dol
112
108
104
109
104
105
103
109
130
103
Variety stores
__
. do
203
200
201
208
199
198
190
196
186
195
192
191
187
Grocery stores ._
do
992
r \ Qgg
1, 030
1,045
1 5 044
1 066
1 059
1 060
1 064
1 082
1 087
1 090
1 120
Lumber, building-materials dealers
...do
60
61
62
61
56
53
57
59
56
62
61
61
60
Tire, battery, accessory store?
do
54
54
47
50 i
47
51
52
50
51
52
49
51
48
' Revised.
d.
v Preliminary.
t Excludes motor vehicle dealers' sales; such data are also excluded: rom this series for months prior to April 1954 Motor vehicle dealers' sales for April
and May (rrnil. dol.): Unadjusted—21; 18; adjusted—20; 16.
fRevised series. See corresponding note on p. S-3.
SURVEY OF CURRENT BUSINESS
S-10
Unites otherwise stated, statistics through
1Q52 arsd descriptive notes are shown in the
1953 Statistical Supplement to the Survey
J u l v lil.VI1954
19 53
May
June
July
August
September
October
November
December
January
February
March
!
April
May
DOMESTIC TRADE—Continued
KKTAIL TRADE—Continued
Department stores:
Accounts receivable, end of month:
124
123
Charge accounts
1947-49 — 100 _
220
219
Instalment accounts
-- do
Ratio of collections to accounts receivable:
46
47
Charge accounts
percent . .
14
14
Instalment accounts 9
do
Sales by type of payment:
47
47
Cash' safes.percent of total sales. _
43
43
Charge account sales
do 10
10
Instalment sales
do
•115
108
Sales, unadjusted, total U. S.t
1947-49=100-.
131
114
Atlanta
do
106
103
Boston
do
114
110
Chicago
do
115
111
Cleveland
-do
127
118
Dallas
do
115
111
Kansas City
-- do
107
98
Minneapolis
do
101
99
New York
do
105
••117
Philadelphia
----do
f
130
112
Richmond
do
118
110
St Louis
--do
'118
112
San Francisco
do
115
•117
Sales adjusted total U S t
do
134
128
Atlanta
_.do
106
103
Boston
do
114
112
Chicago
.do.. .
115
118
Cleveland
do
134
131
Dallas
---do
115
118
Kansas City
-do
106
107
Minneapolis
do
'103
102
New York
do...
110
••us
Philadelphia
do
r
119
130
Richmond
do
122
118
St Louis
---.
do
121
' 125
San Francisco
- - do - Stocks, total U. S., end of month:t
132
123
Unadjusted
__do.
127
128
Adjusted
do
Mail-order and store sales:
380, 397
Total sales, 2 companies
thous. of dol.. 384, 048
92, 804
95, 059
Montgomery Ward & Co
- __
do
287, 593
288, 989
Sears Roebuck & Co
do
Rural sales of general merchandise:
308.3
316.8
Total U S unadjusted
1935-39=100..
294.1
281.7
East
'
-do
334. 8
320.3
South
do
292.9
309.9
Middle West
do....
339.7
369.1
Far West
..
do
355.2
343. 7
Total U. S., adjusted
do
327. 5
313.0
Fast
do
386.4
385.3
South
-do_.__
330.6
338.3
Middle West
do....
379.1
394.8
Far West
--do
WHOLESALE TRADE
9,014
9.917
Sales, estimated (tinadj ), total f...
mil. of dol..
3,079
3, 223
Durable-goods establishments
do
6,694
5, 935
Nondurable-goods establishments
_
do
11,433
11,453
Inventories, estimated (unadj.)t total f.-..
do
6, 259
6,127
Durable-goods establishments
do
5,174
5, 326
Nondurable-goods establishments
do. . .
114
214
113
218
125
222
132
229
146
238
194
259
159
252
138
243
127
236
131
236
13d
233
46
13
45
14
46
14
48
14
47
14
46
14
45
13
43
14
48
15
45
14
46
14
47
42
11
89
102
76
89
89
104
91
84
75
83
96
86
101
113
127
106
110
114
124
111
105
104
117
120
107
117
47
42
11
98
114
79
98
104
116
104
97
75
92
97
100
109
112
130
99
109
120
127
112
102
99
116
114
110
113
46
44
10
112
122
112
113
114
119
109
110
102
108
121
109
111
107
119
105
106
109
112
103
100
98
104
114
102
110
46
43
11
115
130
107
112
115
128
114
118
110
114
122
119
111
110
128
107
109
110
122
108
103
104
106
117
108
111
46
44
10
136
146
129
137
142
144
129
121
129
142
144
136
131
113
128
107
113
115
127
112
105
102
108
118
114
112
48
43
9
192
219
194
188
187
209
189
171
178
188
211
185
195
112
127
108
115
112
125
114
107
101
108
121
113
109
47
42
11
83
94
83
82
80
94
83
75
81
80
80
83
85
107
122
105
106
104
119
110
104
101
106
109
108
108
46
43
11
86
101
81
83
80
98
86
83
83
84
89
88
86
109
123
109
107
104
121
109
108
102
111
117
112
107
46
43
11
89
110
86
86
82
102
90
79
85
91
97
92
88
105
117
102
101
92
115
103
95
99
106
118
108
111
46
44
10
129
108
109
105
119
110
101
101
109
123
112
107
••111
127
105
111
104
120
113
100
102
109
122
114
111
47
43
10
p!06
p 120
p 102
v 108
p98
P119
p 109
p 104
?98
v 104
M14
v 106
p 107
v 108
M22
T 102
p 108
p98
p 123
P109
P 104
plOO
v 105
p 114
p 106
p 114
121
130
126
131
132
128
141
128
142
127
109
123
108
120
114
119
126
121
127
120
P126
*121
316, 298
78, 977
237, 320
339, 713
89, 164
250, 549
351, 988
91, 513
260, 475
377, 007
99, 860
277, 147
373, 870
98, 349
275, 521
511,657
138, 930
372, 727
231,649
52, 587
179, 062
228, 687
53, 131
175, 556
278,044
67, 406
210, 638
333, 209
83, 562
249, 647
335. 726
78, 109
257, 617
262.6
228.4
269.1
250.9
349.5
353.9
322.6
374.3
335.9
428.3
312.7
278.3
330.8
291.8
391.4
339.2
317.3
368.4
315.1
400.0
335.3
295.9
358.6
315.0
403.7
308.7
293.8
323.6
292.8
356.0
333.5
311. 5
377.7
320. 5
396.8
288.5
270.9
300.2
277.5
353.0
427.3
434.6
468.2
400.8
461.7
324.7
305.6
339.8
305.0
368.2
541.0
487.5
560.9
520.4
648.6
353.4
314.5
386.0
341.9
407.2
235.7
212.2
251.1
225.4
275.4
310.0
279.2
326.1
296.6
377.2
252.3
222.7
269.2
234.1
284.3
307.6
281.9
324.3
296.3
364. 5
260.7
237.2
287.2
244. 6
299.4
299.6
266. 5
330.1
281.2
374.2
293. 3
254.6
314.3
274.6
344.4
322.3
268.0
349.2
295.2
378. 5
272. 3
248.8
284. 1
253.7
329.2
309.4
282.7
338.2
281.9
378.4
10, 186
3,150
7, 036
11,607
6, 107
5, 500
9, 386
3,096
6,290
11,750
6,094
5,656
9, 759
3,296
6,463
12,013
6, 077
5, 936
9,907
3,344
6,563
12,214
6,044
6,170
9,231
2,973
6, 258
12, 153
5, 902
6,251
9, 152
2,959
6, 193
11,697
5,678
6,019
'8,014
2,425
' 5, 589
11,937
5, 863
6,074
8,103
2,628
5,475
11,914
5,947
5,967
9,135
2,928
6,207
11,843
6, 053
5.790
' 8, 751
2,902
'5, 849
r
* 6, 022
' 5, 579
8, 524
2, 781
5,743
11,563
6,049
5,514
April
May
June
• no
11,601
EMPLOYMENT AND POPULATION
1953
May
June
July
August Septem- October Novem- Decem- January Februber
ber
ber
ary
1954
March
POPULATION
Population, continental United States:
161, 763
161, 969 162, 187
161, 542
Total, incl, Armed Forces overseas ©
thousands. . 159, 202 159,410 159,629 159.889 160, 154 160, 408 160, 654 160. 873 161, 100 161,331
EMPLOYMENT
Noninstitutional population, estimated number 14
115, 987
115, 914
116, 083 116, 153
years old and over, total d"§
thousands,. 114,931 115,032 115,132 115.232 1115,342 115,449 115,544 115,634 115, 738 115,819
Total labor force, including Armed Forces:§
66, 292 67, 139
67, 438
68, 788
67, 786
67, 218
(New sample) do
68, 238 i 67, 127
66. 954
68, 290
66, 497
68, 258
66, 874
66, 106
65, 589 66, 905
(Old sample}
do
62, 840 63, 725
64, 063
65, 445
63, 825
64, 425
Civilian labor force total (New sample) do
63, 404
64, 648 i 63, 552
64, 668
63, 353
62, 614
62, 137
6%, 964
63, 491
(Old sample)
do
64, 734
62, 098
61,119
59, 753 60, 055
60, 598
Employed (New sample)
do
60, 100
63, 172
62, 242
63, 408 i 62, 306
61, 925
63, 120
61, 658
59, 778 60, 106
60, 764
(Old sample)
do
Agricultural employment:
5. 284
7,628
5,704
6,076
5,875
6, 822
(New sample) - _ d o
7, 159
7. 628
6, 651
7, 926
7, 274
i 7, 262
5, 438
5,345
(>, $90
6,626
(Old sample) _ _ .do
Nonagricultural employment:
54, 469
54, 351
54, 522
54, 470
54, 225
54, 297
(New sample) do
56. 134 1 55, 044
55, 083
55, 246
55, 492
55, 326
55, 268
55, 274
54, 433
(Old sample) _ _ . do
54, 480
1,321
1.301
1.240
1, 699
3, 087
3, 671
3,347
2,313
3,305
3,725 I
3,465
Unemployed (New sample) §
do
/, 162
1, 548
1, 428
1,562
i /, 246
1,850
2,359
3, 385
I, 506
(Old sample)
do
1,240
49, 447 48, 679
48, 549
48, 297
47, 365
Not in labor force (New sample)
do
48, 696
48, 495
46, 742
48, 671
46, 874
46, 994 i 48, 215
49, 528
50, 149
A8. 915 _ _
(Old samvle)
do.... 48. 454
r
Revised.
*> Preliminary.
1 See note marked "a"1" for this page.
9 Revised beginning 1953; not strictly comparable with earlier data.
JData for 1946-53 have been revised to
reflect changes in seasonal factors and other minor changes. Unpublished revisions (prior to July 1952) will be shown later.
fRevised series. See corresponding note on p. S-3.
©Minor changes have been made for May 1950-October 1951. Revisions for November 1951-December 1952 appear at bottom of p. S-10 in the March 1954 SURVEY.
^Beginning in January 1953, materials from the 1950 Census have been used in estimating the labor force statistics. Accordingly, the figures prior to January 1953 are not entirely comparable with those for subsequent months. In September 1953, a further revision in the estimating procedure was introduced which raised the level of agricultural employment by roughly
200,000 (and conversely lowered the level of nonagricultural employment by approximately 200,000). See note at bottom of p. S-10, February 1954 SURVEY, for rough adjustment factors for use
in comparing the 1953 estimates with earlier data.
§Beginning with data for January 1954, the Bureau of the Census has released preliminary estimates of the labor force based on a new sample. The new sample, like the old, consists of
25,000 households, but is more widely distributed in 230 areas covering 450 counties (the old sample comprises 68 areas in 123 counties). Since it is believed that the 230-area sample yields
more accurate results, collection of data based on the old sample was discontinued after February 1954. Tentative adjustments for unemployment for the period September-December 1953
arc shown for rough comparison with data beginning January 1954.
» Revisions for April 1953: Total U, S,, adj., Ill; unadj,, 105.
SURVEY OF CURRENT BUSINESS
July
Unless otherwise stated, statistics through \_
1952 and descriptive notes are shown in the \
1953 Statistical Supplement to the Survey
... .._
j
May | Juno
S-ll
1953
July
August
1954
Se
m
P£ -
October
November
December
January
February
47, 880
16, 322
9,480
6,842
790
103
45
252
March
April
May
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees in nonagricultural establishments: 9
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
Con tract construction
do
Transportation and public utilities
do
Interstate railroads
.do
Local railways and buslines
do..,.
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade-...
.do
Wholesale trade
do
Retail trade ..
do
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers. .-do
Finance, insurance, and real estate
do
Service and miscellaneous
do
Hotels and lodging places
....do
Laundries
do.
Cleaning and dyeing plants
do
Government
_
do
Total, adjusted (Federal Reserve)
Manufacturing
Mining
.
Contract construction.-.
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous. _
Government
do
do
do
. do
do...
do.-.
do...
do
do
Production workers in manufacturing industries: 9
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
thousand"
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... _ _
Instruments and related products
Miscellaneous mfg. industries
do
do
do
49, 531
17. 283
10, 269
7,014
842
105
56
285
49, 904
17.416
10, 301
7,115
846
107
54
284
49.716
17, 336
10, 190
7, 146
836
106
49
275
49, 962
17. 537
10, 192
7. 345
844
105
50
276
50. 200
17, 510
10, 145
7, 365
839
105
50
276
50, 180
17,301
10, 072
7,229
826
105
49
269
49, 851
16, 988
9, 897
7, 091
829
105
49
271
50, 197
16, 765
9, 773
6, 992
822
106
49
266
48, 147
16, 434
9,591
6,843
805
104
46
261
290
106
2. 607
4, 233
1. 387
128
703
45
549
295
107
2, 711
4, 260
1,400
129
706
45
557
298
107
2, 768
4,283
1,410
128
716
44
564
303
109
2, 825
4,274
1, 407
127
710
43
566
298
109
2,866
4, 265
1,394
126
704
43
560
295
108
2,889
4, 257
1,383
128
706
44
556
297
106
2,789
4,216
1,354
128
705
43
556
298
104
2, 632
4,187
1,329
127
704
43
556
295
99
2. 349
4,069
1,266
127
701
42
555
10, 405
2.747
7,658
1,390
1,384
805
2.014
5,534
508
342
172
6,613
10, 473
2,765
7,708
1,386
1,391
815
2, 037
5,576
539
347
174
6,585
10, 414
2,773
7,641
1,334
1, 386
820
2,067
5, 607
596
347
168
6, 405
10, 392
2, 770
7,622
1,340
1,376
825
2,067
5,601
596
343
163
6,422
10, 523
2,774
7, 749
1.403
1,386
823
2,041
5.566
525
338
167
6,590
10, 669
2,808
7,861
1,476
1,405
827
2,040
5,506
490
338
170
6,692
10, 828
2,831
7,997
1,581
1,415
830
2,034
5,467
477
337
170
6,700
11,361
2,830
8,531
1,960
1,429
839
2,040
5,435
475
335
167
6,955
10, 421
2,794
7,627
1,369
1,401
825
2,033
5, 377
467
333
165
6,659
10, 310
2,792
7,518
1,305
1,406
818
2,044
5,380
474
330
163
6,639
' 10, 305 ' 10, 485 p 10,411
' 2, 780 ' 2, 762
2,756
' 7, 525 ' 7, 723
7, 655
' 1,319
' 1,402
1, 355
' i, 399 ' 1,418
1,420
'812
'808
P 810
2, 057
'2,078
2,084
' 5, 406
' 5, 507
5, 555
'474
489
'329
331
'164
171
6,667
' 6, 698
p 6 , 703
49, 781
17, 531
844
2, 581
4,236
10, 524
2,004
5, 479
6, 582
49, 970
17, 575
842
2,607
4,228
10, 579
2,017
5,494
6,628
49, 999
17,569
828
2,611
4,237
10, 584
2,036
5, 524
6,610
49, 837
17, 397
834
2,616
4,225
10, 548
2,047
5,518
6,652
49, 699
17, 235
832
2,679
4,243
10, 562
2, 051
5, 484
6,613
49, 729
17,064
822
2,725
4,264
10, 616
2,061
5, 506
6,671
49, 385
16, 870
828
2,708
4,223
10, 539
2,055
5, 494
6, 668
49, 047
16, 686
823
2,686
4,176
10, 530
2,050
5,490
6, 606
48, 787
16, 501
812
2,581
4,104
10, 577
2,054
5,487
6,671
48, 632
16, 349
801
2,647
4,087
10, 543
2,054
5,490
6,661
' 48, 427
' 16, 276
'780
' 2, 654
' 4, 026
r
10, 512
2. 057
' 5, 488
6,634
13,890
8,311
191
13, 985
8, 326
194
13. 875
8,194
199
14, 070
8,195
194
14, 061
8,161
194
13, 852
8,088
193
13, 534
7,910
187
13,319
13, 002
7,616
177
12, 906
7,520
165
r
7,791
184
721
395
392
462
740
403
317
467
727
397
314
458
731
399
315
466
721
393
315
467
713.
388
313
465
695
377
308
459
654
359
301
448
617
344
293
428
627
343
292
427
86
1, 146
87
1, 153
82
1,143
85
1,138
86
1,129
86
1,112
86
1, 088
83
1.074
1,049
78
1,027
78
'1,010
562
567
571
572
561
555
542
534
522
511
'502
490
50
50
50
50
51
50
49
48
48
49
48
47
949
953
934
942
939
924
902
875
874
864
110
1,335
946
1, 580
800
569
136
110
1,330
937
1,573
787
572
137
67
245
417
107
1,295
918
1, 559
779
575
135
60
242
405
108
1, 268
932
1.547
758
584
132
63
240
422
108
1,262
941
1,520
721
596
132
62
242
430
107
1,254
933
1, 507
715
592
128
62
242
434
102
1,240
913
1,449
686
567
128
59
243
425
97
1,238
883
1.487
707
586
126
00
241
407
92
1,230
855
1.470
677
602
125
59
237
386
91
1,220
839
1,435
655
596
122
55
233
393
244
414
r
47, 848 ' 48, 056 v 47, 932
' 16, 234 ' 15, 996 p 15, 803
' 9, 389 ' 9, 251
v 9, 128
' 6, 845
' 6, 745 P 6. 675
'772
'750
p743
'102
99
P99
'42
39
237
'221
"217
-•292
99
'2,415
' 3, 992
1,215
126
700
41
555
291
98
2,356
4,039
1,244 i
126
701
41
554
291
100
' 2, 536
4,006
1,206
125
699
42
555
P 102
p2,613
P 4, 020
' 48, 247 p 48, 162
' 16, 145 P 16, 034
' 753
P 745
' 2, 642
p 2, 587
4,026
p 4, 023
' 10, 475 P 10, 530
' 2, 068
P 2, 074
' 5, 507 P 5, 500
' 6, 631
P 6, 669
12,818 ' 12, 592 p 12, 415
' 7, 430 ' 7, 303 P 7, 188
150
' 137
p 127
' 643
347
290
429
r
852
'91
' 1, 202
'827
1,409
'637
592
120
r
53
r
229
' 389
'642
350
'284
'427
P 278
P426
78
' 992
P977
r
839
" 663
"824
90
' 1, 187 ~ ~ M , 1 6 6 ~
'811
p 788
-1,381
P 1, 352
624
586
116
48
r
224
P218
'379
P370
Nondurable-goods industries
do
5,579
5, 659
5, 681
5,875
5, 900
5,764
5, 624
5, 528
5, 386
5,386
' 5, 388 ' 5. 289 P 5, 227
Food and kindred products
do
1,060
1, 108
1, 202
1,289
1,326
1,224
1, 149
1,083
1.024
1,009
' 1, 009
' 1,009
Meat products
do
P 1,030
245
249
252
253
254
263
273
267
256
250
246
241
Dairy products
do
83
90
90
89
84
79
76
74
73
74
77
80
Canning and preserving
do
157
179
264
343
372
253
184
149
132
125
126
135
Bakery products
do
180
183
183
181
182
182
180
177
173
175
' 174
Beverages
do
174
127
127
134
138
135
130
125
120
115
112
115
Tobacco manufactures
do.
118
83
83
84
105
112
109
101
104
97
90
84
'82
Textile-mill products
" do
p82
1,108
1,113
1,085
1,093
1,088
1,067
1, 046
1,028
997
995
'989
Broad-woven fabric mills
do
982
^971
511
514
507
503
502
493
485
477
466
463
'460
Knitting mills
do
457
220
220
214
217
216
211
204
199
190
194
193
Apparel and other finished textile prod192
ucts
thousands. .
1,073
1,085
1,066
1,121
1,099
1,103
1,085
1,084
1,062
1,088 ! r 1,101
1,034
Men's and boys' suits and coats
do
P988
121
123
114
125
125
124
121
121
119
122
121
Men's and boys' furnishings and work
112
clothing
thousands
291
290
279
294
292
r
290
285
275
268
271
275
Women's outerwear
do
269
294
305
310
330
311
313
312
331
333
344
349
Paper and allied products
_. do
315
437
443
439
447
450
448
446
442
438
437
436
434
Pulp, paper, and paperboard mills.. do, _.
P433
216
219
219
221
222
221
r
220
221
219
218
2!9
Printing, publishing, and allied industries
218
thousands...
509
512
507
510
521
525
522
525
514
514
Newspapers... ....
do
'517
' 517
P518
146
146
144
144
147
r
147 !
147
148
142
143
146
Commercial printing
do. II"
146
166
167
165
164
168
170 !
169
173
171
169
168
Chemicals and allied products
do. .11
168
553
550
546
550
555
r
552 i
548
540
540
536
539
Industrial organic chemicals
do
'533
P 519
223
227
229
r
226 '
222 i
220 '
217
214
207
204
202
r
Revised.
r> Preliminary.
9 Data for employment and hours and earnings Iiave been "e vised effe ctive with the June 1(
' R V E ' to adjust
available within the next several weeks upon request to the Dii ision of M( in power an d Employ > 554 S lStatist^ics, I-iureai to the first quarter It 53 benchm ark. Rev ised data b eginnirig 1 ?51 will be
lent
of Labor >Statistics, L ". S. Depar tment of L fibor .
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Julv
1954
1953
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
EMPLOYMENT AND POPULATION—Continued
EMP LOYM ENT—Con ti nued
Production workers in mfg. industries 9 — Con.
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Products of petroleum and coal
thousands..
Rubber products
j ires an ci inner tut es.
vj?
T
t
\.
(lo
_
I^K \
/jo
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) 9
194 7-49 = 100Manufacturing production-worker
employment
index, adjusted (Federal Reserve) 9 .1947-49=100..
Miscellaneous employment data:
Federal civilian employees (executive branch) :d*
United States, continental
thousands. .
Washington, D. C., metropolitan area- do
Railway employees (class I steam railways):
Total
thousands .
Indexes:
Unadjusted
1935-39 = 100
Adjusted
do
187
142
226
96
342
225
189
143
227
96
350
229
190
144
219
94
343
223
191
145
221
93
349
227
188
143
221
93
341
220
185
141
216
90
334
213
184
141
210
87
334
215
181
139
209
87
332
219
178
138
206
86
332
222
178
138
203
85
339
225
177
'137
'199
85
338
••226
'176
137
' 197
85
'325
217
f 177
p 197
P312
112.3
113.1
112.2
113.8
113.7
112.0
109. 4
107.7
105. 1
104.3
103. 6
' 101. 8
v 100. 4
114. 2
114.3
114.1
112.7
111.5
110.2
108. 4
107.0
105.6
104.6
103. 9
' 103. 0
P 102. }
2, 277. 7
222.8
2, 277. 2
222.1
2, 255. 1
218.6
2, 231. 9
215.4
2, 204, 6
213. 0
'2, 179. 4
210. 5
2, 177. 0
209.6
i 2, 454. 6
i 212.9
2, 157. 9
207.7
2, 149. 0
207.3
2,147.3
207. 2
2, 141.6
206. 9
2, 134. 2
205. 8
1,251
1, 263
1,274
1,271
1,258
1,248
1,222
1,190
1. 139
1,114
1,089
' 1,081
1,09!
119,3
119.8
120.4
118.8
121. 5
118.9
121.2
118.7
120.0
117.1
119.0
115.2
116.4
115.4
113.2
115.0
108. 6
112.9
106.2
108. 9
' 103. 8
' 106. 5
r' 103. 0
v 104. 6
p 104. 1
v 104. 5
151.9
153.9
151. 1
154.0
153.4
152.6
148.0
147. 2
140.8
140. 5
138.4
' 135. 0
p 134. 0
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
40.9
40.0
40.6
39.9
40.2
40. 8
40.9
39.4
40.1
40.0
39.6
40.2
40.0
39.5
40.0
40.2
39.0
39.7
'39.8
P39 3
P40. 0
"40.0
40.8
40.5
41.0
41.2
39.8
41.3
41.4
41.2
41.0
41.0
40.0
41.3
40.7
40.4
39.9
40.8
39.0
40.9
40.8
41.1
40.9
41.1
39.8
41.0
40.1
40.4
40.5
40.4
39 3
40.2
40.8
41.1
41.1
41.2
39.7
40.3
40.0
40.1
40.7
40.6
39.4
39.8
40.2
40.4
40.7
40.7
39.4
39.8
39.4
39.2
39.6
39.7
39.0
39.3
40.1
40.2
40.1
40.4
39.6
38.6
40.0
' 40. 6
MO. 1
'40.4
39.6
'38.0
MO.O
40.5
' 39. 2
MO. 2
38.6
'38.1
p 39. 8
41.1
40.9
40.8
41.0
40.0
40.2
39.6
39.2
38.9
37.8
'36.8
41.6
41.5
41.2
41.2
41.3
41.4
41.7
41.9
41.7
40.6
39.9
39.8
42.1
42.0
41.3
41.4
40.7
41.3
41.0
41.5
40.7
40.6
40.4
' 40. 1
40.5
42.6
40.8
41.3
41.5
41.7
39.6
39.5
41.6
40.9
40.1
42.3
40.8
41.1
41.5
41.2
39.4
40.0
41.5
40.9
40.1
41.7
40.1
40.8
40.7
41.5
39.5
38.8 1
40.6
39.7 ;
40.0
41.9
40.7
41.2
41.2
41.8
39.4
38.5
41. 1
40. 6
39.0
41.7
40.5
40.3
39.9
41.4
38.1
39.0
41.2
40.1
40.3
42.0
40.4
40.9
40.8
41.6
38.5
39.5
41.4
41.0
39.3
41.6
40.3
40.4
40.1
41.6
37.8
38.7
41.3
40.7
39.8
42.0
40.2
40.7
40.1
41.8
39.6
39.6
41.3
40.7
38.6
41.2
39.3
40.5
41.0
40.6
38.0
39.2
39.9
39.4
39.3
41.3
39.9
40.2
39.5
41.2
39.0
39. 5
40. 4
40.1
' 39. 3
Ml. 1
' 39. 6
MO. 1
'39.5
39.4
' 39. 2
MO. 2
MO. 0
38. 4
' 40. 5
' 39. 2
MO. 4
40.6
40.5
38.9
38.7
' 39. 7
' 39. 2
39.5
41.0
40.6
44.0
37. 6
41.3
41. 6
36.9
39.4
40.1
37.2
39.7
41.6
41.5
44.7
38.1
41.9
42.6
37.0
39.5
39.9
37.4
39. 6
41.7
40.7 ;
44.7
40.3
41.6
43.1 j
37.4
39.1
39. 5
37.2 1
39.6
41.3
40.6
44.2
40. 1
41.4
41.9
38.9
39.0
39.2
37.7
39.0
41.9
41.4
44.2
41.3
41.8
41.7
39.1
37.7
37.9
36.0
39.3
41.5
42. 1
43.2
40.1
41.3
40.7
39.4
38.2
38.3
37. 6
39.1
41.4
43.2
43.0
37.0
41.0
39.9
38.3
38.2
38.5
37.2
39. 3
41.3
41.6
43.5
37.9
41.0
40.1
39.3
38.4
38.6
37.1
38.5
40.9
41.5
43.1
37.7
40.8
39.3
36. 2
37.4
37.5
36. 1
38.8
40. 5
39.7
43.3
37.5
41.0
40.0
35.9
38.0
37.9
37.0
38.8
MO. 4
'39 7
' 43. 2
3rt. 7
40 8
MO. 1
' 30. 0
38.0
'38.0
36.9
'38.0
40.2
39. 5
43.3
36. 5
40.9
40.5
' 36. 1
37.0
37.1
35.6
P38.4
f 40. fi
36.5
37.7
36.4
36.9
36.0
36.8 \
36.6
37.4
34.9
35.4
36.1
36.2
35.6
35.7
35.9
36.6
34.8
34.9
36.1
36.0
36.2
'35.6
'34.2
32.6
P34.9
37.3
35.2
43.0
44.0
37.4
34.7
43.1
44.2
36.9 !
34.6
43.2 i
44.5
37.3
35.3
43. 3
44. 4
36.1
32.5
42.7
43.7
36.7
34.1
43.0
43.8
35.8
34.3
42.9
44.0
35.7
35.5
42.8
44.0
34.4
34.5
41.9
43.4
35.9
35.7
41.9
43.3
'36. 1
35.9
M2 1
' 43. 4
39.0
36.7
40.1
41.4
41.0
41.1
40 6
40 3
40.4
37.4
36.7
38.8
36.5
40. 0
41.3
40.9
40.8
40.5
40.7
40.0
38.2
37.8
38.7
36.0 i
40.0
41.2
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. 9
36.2
40.0
41.4
40.8
41.2
40 7
39 0
39.0
36.3
40.2
41.1
40.1
40.8
40.3
39.1
37.8
36.0
34.6
38.8
36.3
40.1
41.3
40.4
40.8
40 7
39 4
39.3
37.4
40.5
41.5
40.7
40.7
40 7
39.2
37.3
37.7
37.2
38.4
35.6
39.9
41.1
40.5
40.5
40.5
38.7
37.5
37.6
37.4
38.2
35.6
39.3
41.1
40.4
40.3
40 2
38 9
37.4
38.0
37.9
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. 8. Dept. of Labor) 91947-49=100.,
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) : 9
All manufacturing industries
hours
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wocd products (except furnitur^)
hours
Furniture and fixtures
Stone, clay, and glass products
do
do
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
hours
Primary smelting and refining of non ferrous
metals
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment) .hours. .
Heating apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)
do
Electrical machinery
do
Transportation eouipment
do
Automobiles
do
•Shin and boat building and repairs do
Railroad ecjuipment
do
Instruments and related products..
do
Miscellaneous mfg. industries
do
Nondurable-goods industries
Food and kindred products
IVIeiit products
Dairv products
Canning and preserving
Bakery products
Beverages
Tobacco manufactures
Textile-mill product 5 ?
Broad-woven fabric mills
Kriif tinir mills
do. . . .
do
do
do
do
do
do
do
do
...do
do
Apparel and other finished textile products
hours ._
Men's and boys' suits and coats
.do
Men's and boys' furnishings and work
clothing
hour15
Women's outerwear
__~_..do
Paper and allied products
do
Pulp paper and paperboard mills do
Printing, publishing, and allied industries
nours..
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 (excent rubber)
do_.
r
41.0
v 39. 2
p 40. 3
P 38. 7
37.3
34.5
33.7
41.6
42.9
p 40. fi
p 40.4
p 39. 6
MO. 7
p39. 7
p 39. 8
p37 1
p37. 2
p 42 1
38.6
'38.1
P38.2
'35 7
36.0
39.4
'39.8
41.1
P41. 1
41. 1
40.2
40.4
40.2
40.4
P41.2
40 2
40 2
P 39 0
38 5
'38 6 1
'36 6
37.7
36.1
35.5
' 37. 7
'35.6
P35.3
34.7
34.4
34.9
'37.3
r
l
Revised.
» Preliminary.
Includes temporary Post Office employees hired during Christmas season; there were about 289,000 such employees in oil areas.
9 See corresponding note on p. S-ll.
cf Data beginning January 1953 have been revised to exclude the employees of the General Accounting Office and Government Printing Office. At the end of January 1954, employmen t in
these agencies was as follows: Continental United States—GAO, 5,800;~GPO, 7,100; Wash., D. C.—GAO 4,300; GPO, 6,900.
SURVEY OF CURRENT BUSINESS
July 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-13
1954
1953
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
May
April
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
Nonmanufacturing industries: 9
Mining:
Metal
hours. .
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours -Nonmetallic mining and quarrying
do
Contract construction
_
. __
do
Non building construction
do
Building construction
_ do___.
Transportation and public utilities:
Local railways and bus lines |
do
Telephone
do
Telegraph
_ do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places)
.
hours-Oeneral-merchandise stores
do
Food and liquor stores .
do
Automotive and accessories dealers do
Service and miscellaneous:
Hotels vear -round
- - -- do
Laundries
do
Cleaning and dyeing plants,
-do....
Industrial disputes (strikes and lock-outs):
Beginning in month:
Work stoppages
number-Workers involved
thousands..
In effect during month:
Work stoppages
number
Workers involved
thousands
Man-days idle during month
do
Percent of available working time
U. S. Employment Service placement activities:
Nonagricultural placements
thousands
Unemployment compensation, State laws (Bureau
of P'mployment Security):
Initial claimsf
thousands .
Insured unemployment, weekly average*.. _do
Benefit payments:
Beneficiaries, weekly average...
„
do
Amount of payments .
..thous. of dol
Veterans' unemployment allowances'
Initial claims
.
..thousands.Insured unemployment, weekly average
do... .
Benoficinries, weekly average
do
Amount of payments
thous. of dol
Labor turnover in manufacturing establishments:
Accession rate ..monthly rate per 100 employees. _
Separation rate, total
_.
do
Discharge
do
Lay-off
do
Quit
do
Military and miscellaneous
_ do _ _
43.8
31.0
34.4
43.6
36.8
36.5
42.7
34.1
34.4
43.9
25.2
37.3
44.0
28.5
34.6
43.2
29.6
36.2
43.2
25.6
32.6
44.0
26.2
33.3
43.6
28.6
33 2
41.7
29.7
32.0
r 25. 6
29.7
39.9
26.2
28 8
41.2
45.2
37.9
40.0
37.3
40.1
45.7
38.6
41.8
37.8
41.4
45.4
38.1
41.7
37.1
41.7
45.9
38.6
42.5
37.6
40.7
45.0
36.9
39.9
36.1
40.3
45.9
38.6
42.2
37.7
41.4
44.5
37.2
39.4
36.7
40.2
44.0
36.8
39.1
36.3
40.7
41 0
34.3
36.0
33.9
40.3
42 9
36.7
39.8
36 0
-•40. 2
42 9
r
37. 0
39.7
r
36. 4
40. 1
43 1
37.0
39.2
36.5
46.2
38.7
42.4
41.2
45.1
39.0
42.0
41. 5
45.3
39.0
42.0
41.7
45.0
38.7
42.0
41.5
44.9
39.4
42.1
41.8
44.3
38.6
41.6
41.5
44.1
38.8
41.2
41.7
44.5
38 5
41.1
41 6
44.4
38 2
40.9
41 3
43
38
4]
41
r
43
38
42
41
*-40. 5
r
4
0
4
1
43. 2
38 2
41.2
r
41 0
1
2
1
1
40.3
40.4
40.5
40.4
40.4
40.6
40.5
40 7
40 2
40 2
40 2
40 3
39.0
34.7
38.7
45. 0
39.4
35.4
39.3
44.9
39.9
36.1
39.9
44.9
39.8
35.8
40.0
44.6
39.1
34.8
39.2
44.3
38.9
34.6
38.3
44.6
38.8
34.5
38.3
44.5
39.2
36.3
38.6
44.4
39.0
34 9
38.3
44 2
39.1
35 0
38 2
44 4
39.1
35 2
r
38. 3
r 44 4
39.1
35 7
38 3
44 6
42.1
41.5
41.9
42. 0
40.9
41.3
42.2
40.1
39. 2
42.3
39.9
38.9
42.0
40.2
40.0
42.3
40.1
40.1
42.2
40.0
39.3
41.9
40.6
39.9
41 8
39.7
38. 2
42 0
39 8
38.6
r
41 9
r
39. 6
r
39. 2
42 2
40 5
42 0
596
313
567
258
534
293
484
238
420
119
379
175
281
100
145
76
250
80
200
50
225
100
300
130
350
180
869
406
3, 770
.42
875
448
4, 530
.48
841
491
3, 880
.39
763
393
2,880
.32
658
240
1,650
.17
502
175
1,570
18
354
173
1,880
20
400
150
1 000
12
350
100
750
09
375
150
1 300
14
450
200
1 200
13
500
230
1 750
21
577
612
574
572
605
544
433
378
353
333
391
428
439
780
889
803
833
980
861
795
816
817
779
918
840
1,241
1,115
1,616
1,509
1 749
2, 034
1 340
2,170
1 392
2,175
1 442
2,182
1 227
2,070
772
72, 144
734
72,033
675
69, 175
679
64, 579
651
65,300
656
66, 104
809
78, 979
1,124
120 780
1,592
158 418
1,864
179 284
1,953
215 650
1,894
200 837
1,850
185 601
13
25
31
3,141
17
25
29
3,086
18
27
30
3, 322
16
27
32
3, 234
15
24
29
3,041
17
23
25
2, 600
24
31
32
3 096
33
45
47
5 043
39
64
69
6 599
35
78
89
8 085
38
87
103
10 840
30
82
101
10 1 53
29
77
94
8615
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
,r>. 2
.4
1.5
3. 1
.3
3.3
4.5
.4
1.8
2 1
.3
2.7
4.2
.3
2.3
1 5
.3
2.1
4.0
2
9
5
1 1
2.8
4 3
2
2 8
2.8
3 7
2
23
1 0
2
2.4
P2.7
p3 5
p 2
p2 1
3
2.5
35
2
2 2
10
2
71.63
77.19
78. 25
72 04
77.42
78.88
71 33
76. 70
77.87
71 69
77 27
78.12
71 42
77.14
79.13
72 H
77' 90
78 94
71 60
76 73
76 21
79 36
77 52
78 94
70 M'^
76 59
77 60
71 28
76 38
78 40
66.50
65.61
62.73
70. 45
68.31
67. 16
62. 73
70.11
67. 16
65. 85
61.05
70 58
66. 91
67. 40
62. 99
71 10
66. 97
67. 06
62. 78
71 10
67. 32
67 82
64.12
72 10
65. 20
65 76
63! 49
71 05
64. 32
64 64
63.90
71 23
62.65
62 T>
61.78
69 48
63. 76
63 92
62.16
70 70
68. 46
83 43
68. 40
S4 25
67. 08
*^5 07
68. 46
85 ^8
69. 17
69.08
70.13
69.34
68. 64
70.09
79. 52
T
86.72
87. 53
89. 76
90. 20
90. 80
88.04
86.33
85.46
84.80
81.27
' 79. 12
721
211
1,700
. 19
\ i
r
r 3 8
2
9 4
1 1
2
p i n
V 2
WAGES
Average weekly gross earnings (U. S. Department
of Labor) : 9
All manufacturing industries
dollars
Durable-goods industries
_ do
Ordnance and accessories.
.do
Lumber and wood products (except furniture)
dollars .Sawmills and planing mills.do
Furniture and fixtures____do
Stone, clav, and glass products
ao
Glass and glassware, pressed or blown
dollars..
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars..
Primary smelting and refining of nonferrous
metals. ._
dollars
Fabricated metal prod, (except ordnance, machinery, and trans, equip.)
dollars.Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical)
...___do
Electrical* machinery.. _
_
do
Transportation equipment
do
Automobiles
do
A ircraf t an d parts
do
Ship and boat building and repairs....do
Railroad equipment- ..
do
Instruments and related products
do
Miscellaneous mfg. industries-.
do
'
r
r
70 71
76 00
79 19
•• 64. 40
r g4 ng
' 62. 56
r 70 *ZC\
70. 49
78. 28
7<r
r
An
78 41
' 66. 00
f-E
r
t> 1
* 67. 26
61. 15
* 61. 54
69.48
78. 49
p 80. 11
r 70 '3 ^
r
B 7ft on
80. 20
79.46
80. 51
80. 34
81 16
85. 08
82 39
82 98
82 54
83 40
79 98
78 90
77.04
77. 28
76. 41
76.59
75.70
77.23
76.67
78.02
76.92
76.33
75.95
' 75. 39
P 76. 73
73 71
83.07
70.99
84.67
87 15
82.57
80.39
79.79
73.63
64. 21
72 98
82.49
71.81
85. 08
89 23
81.99
79. 59
81.20
73. 87
63. 80
72 98
81.73
70. 58
84 86
87 91
82. 59
80.98
77 99
71.86
61.93 !
72 80
82. 12
71.63 1
85 70
88 58
83.60
81. 16
78 16
73. 16 :
63.74
71 76
82.57
72.09
84 23
86 58
83.21
78.87
80 73
74. 16
63. 36
74 56
83. 58
71.91
85 89
88 13
84^03
79.70
81 77
74.93
65. 19
72 31
82.78
72.14
84 84
87 02
84. 03
78.62
80 11
74.75
65. 12
73 63
84.42
72. 36
85 88
87 42
85. 27
82.37
82 76
75.17
65. 53
71 80
82.40
70. 74
85 86
82. 60
72.22
S4 82
82.20
71.28
'81.00
' 70. 56
p~80.80~
1-71.68
* 86. 28
85. 28
81.12
84.46
81. 95
83. 43
80.91
72.76
64. 00
' 72. 25
' 62. 72
QQ
7Q
83. 23
78. 66
82 32
72.22
63.43
CO QK
73.12
64. 16
p 72. 25
v 63. 68
Revised.
v Preliminary.
9 See corresponding note on p. S-ll.
Act of 1952. The figures for initial claims exclude transitional claims; the insured unemployment figures exclude claims from veterans which were filed to supplement benefits under Sta'te or
railroad unemployment-insurance programs to eliminate duplicate counts in the State data shown above; the number of beneficiaries and the amount of payments include all veterans whether
or not the payments supplement benefits under either State or railroad insurance wograms
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise slated, statistics through |
1952 and descriptive notes are shown in the i
1953 Statistical Supplement to the Survey
July 1954
IS 53
May
Juno
July
1 August
1954
September
October
Novem-
Do.miiber
January
February
March | April
May
EMP1LOYMENT AND POPULATION— Continued
WAGES— Continued
Average weekly cross earnings, etc. 9 — Continued
All manufacturing industries— Continued
63. 20
Nondurable-goods industries
dollars..
66. 01
Food and kindred products
do. ...
71.86
Meat products
- do
67. 32
Dairv products
do. - - .
52. 26
Canning and preserving
do
64. 02
Bakery products
do
76. 54
Beverages
do. _ .
47. 23
Tobacco manufactures
do
53. 98
Textile-mill products
do
53. 73
Broad-woven fabric mills
-- do_ 48. 36
Knitting mills
do
Apparel and other finished textile product,*
47.09
dollars
56. 93
Men's and boys' suits and coats
do
Men's and boys' furnishings and work41.03
clothing
..dollars.
50. 34
Women's outerwear
do
71.81
Pnner and allied products
...
do
77.44
Pulp, paper, and paperboard mills... do
Printing publishing, and allied industries
85. 41
dollars
92. 85
Newspapers
- -- d o _ .
83.81
Commereial printing
.. do
75. 35
Chemicals and allied products
do
79.54
Industrial organic chemicals
do
89. 60
Products of petroleum and coal
do „
92. 57
Petroleum refining
do
78. 59
Rubber products
_ _ . . _ do
91.30
Tires and inner tubes
do _ .
51.61
Leather and leather products
.
do
48. 81
Footwear (except rubber)
do ..
Nonmanufacturing industries:
Mining:
86.29
Metal
do
77.19
Anthracite
..
do
84. 97
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
88.99
dollars..
75.94
Nonmetallic mining and quarrying
do
90. 58
Contract construction
do
87.60
Nonbuilding construction
_ _ _. do
91.01
Build in sf construction
do
Transportation and public utilities:
78.08
Local railways and bus lines!
do
64. 63
Telephone
_ . _ do.
75. 90
Telegraph
do
79. 52
Oas and electric utilities
.
do
Wholesale ar.d retail trade:
70. 93
Wholesale trade
do
Retail trade (except eating and drinking
54. 21
places')
dollars .
38. 52
General-merchandise stores
do
58.05
Food and liquor stores
do
74. 70
Automotive and accessories dealers. ..do
Finance, insurance, and real estate:
54. 65
Banks and trust companies
do
Service and miscellaneous:
37. 89
Hotels, year-round
do
40. 67
Laundries
_
-- do
48. 19
Cleaning and dveinsr plants
do
Average hourly eross earnings (TJ. S. Department
of Labor) :Q
1. 76
All manufacturing industries
dollars
1.86
Durable-goods industries
do _.
1.89
Ordnance and accessories
do
Lumber and wood products (except furni1 . 63
ture)
..dollars..
1.62
Sawmills and planing mills
do_ ..
1.53
Furniture and
fixtures
_ - do
1.71
Stone, clay, and glass products
do
Glass and glassware pressed or blown
1.72
dollars..
2.02
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
2.11
dollars .
Primary smelting and refining of nonferrons
1.91
metals
dollars
Fabricated metal prod, (except ordnance,
machinery, transportation equipment)
1.83
dollars
Heating apparatus (except electrical) and
1.82
plumbers' supplies
dollars
1.95
Machinery (excent electrical)
do
1.74
Electrical machinery... __
do
2.05
Transportation equipment
do
2. 10
Automobiles
do
1.98
Aircraft and parts
do
2. 03
Ship and boat building and repairs...do
2. 02
Railroad equipment
do
1.77
Instruments and related" products
do...
1.57
Miscellaneous mfg. industries - .
do
1. 60
Nondurable-goods industries
do
1.61
Food and kindred products _
do
Meat products.
do
1.77
1.53
Dairy products
do
1.39
Canning and preserving.
... do
1.55
Bakery products
do
1.84
Beverages
do
'Revised.
t> Preliminary
9 See corresponding note on p. S-ll.
^Revised series. See note marked "$" at bottom of p. S-13.
63. 52
66. 56
74. 29
6S. 39
51.44
f>5. 36
79. 66
46. 99
53 72
53. 47
48. 25
63. 76
66. 72
72. 85
69. 73
54. 00
65. 73
80. 60
•17. 87
53. 18
52. 93
47.99
63. 76
65. 25
72. 67
68. 51
54. 14
65. 41
79. 19
47.46
53. 04
52. 14
48. 63
63. 57
67. 04
76. 18
69. 84
55. 34
66. 8S
80. 90
46. 92
51.65
50.79
46. 80
63. 67
67. 23
77.89
68. 26
54. 54
65. 67
48. 05
58. 67
47. 88
57. 41
49. 78
60. 59
41.51
50. 66
72.41
78. 68
40. 96
52. 59
73. 44
80. 10
85. 36
92. 35
84. 00
75. 58
80. 16
88. 54
91.94
78. 55
89.20
52. 33
49.90
48. 07
52. 33
50. 94
49. 26
6H. 73
68. 31
82. 51
67. 94
49. 95
65. 60
75. 41
47. 49
52. 33
51. 21
48.73
64. 45
68. 15
76. 54
68. 73
53. 44
66. 42
75. 39
49. 13
52. 61
51,34
48. 60
63. 53
68. 71
76. 78
69.39
55. 04
66. 10
75. 06
45. 97
50 86
49.13
47. 65
64. 02
67. 64
73.05
69. 71
54. 38
66. 42
76. 80
46.31
52. 06
50. 03
48.84
47. 12
57. 35
48. 74
58. 64
48. 06
,§?• 48
48.82
58.19
47. 68
55. 84
49. 46
57. 96
T
41. 78
54. 72
73. 61
79. 92
40. 79
49. 40
73.87
SO. 85
41.84
51. 83
73. 53
40. 81
50. 76
73. 36
80. 08
40.70
53. 61
73. 62
80. 08
39.56
52. 44
72.07
78. 55
41.29
54. 62
72.07
78.37
'41.15
' 54. 93
'72.83
r
78. 99
84. 75
90.36
83. 60
76. 63
81. 59
92.32
96. 00
78.98
90. 45
51.82
49. 65
85. 58
90. 36
83. 81
76. 26
80. 79
92. 06
95. 00
87.' 58
51.79
49.24
87. 14
93. 03
84. 80
77. 83
83.64
94. 35
97.68
74.88
83. 54
48.99
45. 41
86. 58
92. 93
85. 63
76. 04
80. 60
91 . 80
94. 71
75. 07
83. 16
49.68
45. 67
86. 14
92. 57
85. 41
76.82
81.20
92. 21
96.46
75. 65
85. 09
49.82
45, 80
88.43
96. 87
86. 67
77.61
81.81
91.98
96. 05
75. 66
82.43
52. 03
49. 10
86.02
90. 07
85. 79
76. 86
81.41
91.53
95. 58
75. 08
82.88
51. 89
49. 37
85. 95
90.42
84.50
76.86
81.20
90.68
94. 47
75.47
83. 03
52. 44
50. 41
86.85
'86 11
r
90. 68
92. 52
r 85. 57
84. 71
76. 86
77 27
81. 20
S2 82
90.45
91 30
94. 47
94. 87
74.31
'7488
r
80. 89
83. 69
r
52.40
<-4'M3
' 49. 98 !
46 42
86.76
91.63
91. 25
88.82
83.89
84.97
92. 19
61. 49
92. 88
94. 16
70. 40
86. 15
90. 29
73.41
89.78
90. 72
63. 49
81. 17
92.40
64. 71
82. 25
92.00
70.93
82.34
85.49
74.84
79.04
'82.62 ;
'63.74 :
r
73.0fi
81.00 i . . .
64.45
71. 14 j
87. 02
76. 78
92. 25
91.54
92.23
92.74
77. 63
91.82
92. 57
91 . 64
93.83
79.41
94.18
96. 05
93.62
92. 39
79. 20
90. 77
90,97
90. 97
90. 27
80. 33
96.11
97.48
95, 76
94.39
76.99
93. 00
91.01
93. 59
90. 45
76.12
92.37
89.93
93.29
92. 80
70. 93
87.12
83. 88
87.46
91.08
73.79
92.85
91.14
93.24
'90.45 :
' 74. 22 !
'93.24 i
' 90. 1 2 :
'94.28 i
90.23 i
74. 56 i . .
92.87 : l
89. 38
93.81 :
78.37
65. 13
75. 60
80. 22
77.92
64. 35
74. 76
81.32
77. 40
64. 24
74.76
81. 34
78.13
68. 16
77. 46
82. 76
77. 53
66. 01
74. 05
82. 1 7
77.18
67. 90
73.34
82. 98
77.43
65. 84
73. 16
82. 37
78.59
65.70
72.80
81.77
77. 25
65. 74
73. 69
80. 97
' 77,33 :
65. 70 !
73.75 i
T
80, 77 :
77. 15
66. 09 i
75.78 i
SO 97 '
71. 10
72. 09
71.91
72 72
72. 67
72. 50
73. 26
72. 76
72. 36
r
55. 16
39. 65
58. 95
74.98
56. 26
40. 07
60. 25
74. 98
56. 12
39. 74
60. 40
74.48
55. 52
38. 98
60. 37
73. 10
55. 24
38. 75
59. 37
74. 48
55. 1 0
38. 64
59 75
74.32
54. 49
39. 93
59. S3
72. 37
4o!l4
59. 75
71 . 60
55. 91
39. 90
59. 59
72.82
55.9! :
40. 13
' 59. 75
'73.26
64. 02
73. 05
'69. 12
53. 95
' 66. 50
T
77. 79
-•47.52
r
51. 68
r
50. 16
' 48. 71
49. 59
57. 32
72.76
' hj 7 0
*»7 ^4
72 68
(«Q 28
52 Q3
67. 08
7S 57
'-18 74
50 32
48. 60
46. 99
' 7 4
*. <-„
- 45 49
^2 16
r
67.87
r
*. 4.
-it F*
- . <>
38 99
49 20
71 55
77. 65
~_ *"
i s 71
> 7<* (n
/ M-v 11
->. («
r
4<< 4J
73.35 |
55.91
40.34 !
59. 75 . .
74.93 |
.....
54. 28
54. 90
55. 00
55. 03
55. 36
55. 33
55. 68
56. 51
56. 79
r
56.47
56.34 j
38. 22
40. 08
47. OS
38. 40
39. 30
44. 69
38.49
39.10
44.35
39. 06
39. 80
46.40
39. 76
39. 70
46.92
39. 67
40. 00
45. 98
39. 81
40. 60
46. 68
39. 71
39. 70
45. 08
39.90
39.80
45. 55
'39.81
' 39. 60 ;
'46.26 J
39.67
40. 50
50.40 ,.
1.77
1.87
1.91
1.77
1.88
1.89
1.77
1.88
1.91
1.79
1.90
1.93
1. 79
1.90
1.93
1 . 7<>
1.89
1.91
1.80
1.90
1 . 93
1.80
1.91
1.94
1. 80
1.90
1.96
1. 79 I
1.90 i
' 1.97 j
1.80 j
1.90 i
1.97 j
1 . 65
1.63
1.53
1.71
1.65
1.63
1.53
1.73
1.64
] . 64
1.54
1.73
1.67
1. 66
1.55
1. 76
1.65
1.65
1.56
1. 75
1 . 63
1.64
1.56
1.75
1 . 60
1 . 60
1.57
1.75
1.59
1.60
1.56
1.75
1.59
1.59
1.55
1.75
r
1.71
2.04
1.72
2.08
1.72
2.08
1.76
2.13
1.74
2. 08
1.78
2. 08
1.76
2. 08
1.76
2.08
1. 77
2.06
r
2. 14
2.20
2.20
2. 27
2 10
2 IS
2 18
2. 18
2. 15
r 9 15 i
9 15 i
1.94
1.95
1.97
2. 06
1.99
1 . 99
1. 97
2.00
1.97
1 . 96 !
1 97 i
1.84
1.85
1.85
1.80
1.87
1.87
1.88
1.89
1.88
1.88 \
1.88
1.82
1.95
1.76
2.07
2.15
1.99
2. 02
2. 03
1.78
1,56
1.60
1 . 60
1.79
1.53
1.35
1.56
1.87
1.82
1.96
1.76
2.08
2.16
1 . 99
2. 05
2.01
1.77
1. 56
1.61
] . 60
1.79
1.56
1.34
1.58
1.87
1.82
1 . 96
1.76
2.08
2.15
2. 00
2. 06
2. 03
1.78
1. 57
1 . 61
1.58
1. 79
1.55
1.35
1.58
1.89
1.84
1.98
1.78
2.09
2.17
2. 01
2. 07
2. 07
1.80
1.58
1.63
1.60
1.84
1.58
1,34
1.60
1 94
1.85
1.99
1.78
2. 10
2,16
2. 02
2.07
2. 07
1.81
1.59
1 . 62
1.62
] , 85
1 . 58
1. 36
1.59
1. 90
1.84
1.99
1.79
2. 10
1.85
2.01
1.80
2. 11
2.18
2. 04
2. 08
2. 09
1.82
1.61
1.64
1.65
1.84
1.58
1.41
1.62
1.88
1.86
2.00
1. 80
2.12
2.19
2.05
2.07
2. 10
1.81
1.61
1.65
1, 68
1.85
1 61
1.46
1.62
1.91
1.86
2.00
1.81
2.11
2.17
2.07
2.08
2.10
1.81
1.60
1.65
1.67
1.84
1.61
1.45
1 . 62
1.92
T 1. 81
>• 1.91
r 1.95
' 1.65
T 1.69
1.62 1.. .
1.56 i
r i. 57
1.75 !
f 1.76
1.61
1.60
1.56
1.74
:
1 . 78
2. Oh
r
1 . 80 1 . . . . . . . .
2. 06 ;
r 2. 07
I
£02
2.08
2.07
1.81
1.60
1.63
1.65
1. 91
1.58
1.35
] . 60
1.89
1.86
2. 00
1.80
2. 10
' 2 15
2. 00
2. 08
2.09
r
1.81
'1.60
1.65
1.68
1.84
1.60
1.47
'1.63
1.94
i
•
•
'
'
i
1
i
[
;
'
:
i
:
i
» 1.89
1 85 '*
2. 00
r
M.80 ;
/
' 2. 11 !
/•
2 17 i
2 06
2. 08
2 08
1.82
f
' 1.60
*
1.65
'
1.68
i
1.84 .....
1.60
1.45
1.64
1.94
2. 00
1.81
2. 12
1.82
1.60
1.66
1.6&
SURVEY OF CURRENT BUSINESS
July 10o4
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-15
195 i>
May
June
July
August
1954
September
October
November
December
January
February
March
April
May
EMPLOYMENT AND POPULATION—Continued
WAGE S — Con ti nued
Average hourly gross earnings, etc. 9 — Continued
All manufacturing industries— Continued
Nondurable-goods industries — Continued
Tobacco manufactures
dollars. Textile-null products
do
Broad-woven fabric mills
do
Knittin 0 ' 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
Petroleum refining
Rubber products
Tires and inner tubes
Leather and leather products
Footwear (except rubber)
Nonmanufacturing industries:
Mining:
Metal
Anthracite
Bituminous coal
_
Crude-petroleum and natural-gas
Petroleum and natural-gas
.
_do
do _
do
do
do. __
do
do
do
do
production:
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 J
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
1.28
1.37
1.34
1.30
1.27
1.36
1. 34
1 29
1.28
1.36
1.34
1. 29
1.22
1.36
1. 33
1 29
1.20
1 37
1.34
1 30
1.22
1 37
1 33
1 31
1.24
1 37
1 33
1 31
1.25
1 37
1.33
1 31
1.27
1 36
1 31
1 32
1.29
1 37
1 32
1 32
1.29
1.51
1.32
1. 59
1.33
1.56
1.36
1.62
1.35
1.62
1.35
1 . 62
1.35
1.61
1.36
1.59
1.37
1.60
1. 10
1.43
1.67
1.76
1.11
1.46
1.68
1.78
1.11
1. 52
1.70
1.80
1.12
1.55
1. 70
1.80
1.13
1. 52
1 73
1.85
1.14
1 52
1 71
1.82
1.14
1.48
1 71
1.82
1.14
1.51
1 72
1.82
2.19
2.53
2.09
1.82
1.94
2.20
2.53
2.10
1.83
1. 96
2.19
2.51
2.09
1.86
1.99
2.20
2.51
2.09
1.86
1.99
2.24
2 57
2.12
1 88
2.05
2.22
2 56
2. 13
1 85
2 01
2.22
2 55
2 13
1 86
2 01
2.18
2.28
1.95
2.26
1.38
1.33
2.17
2 27
1.93
2.23
1.37
1.32
2.23
2. 33
1.95
2.25
I. 36
1.31
2.24
2.34
1.94
2.24
1.37
1 32
2.29
2 40
1.92
2 21
1. 38
1 32
2
2
1
2
1
1
25
35
92
20
38
32
1.97
2.49
2.47
1.99
2.49
2.50
2.08
2.46
2.47
2 10
2.44
2.49
2 14
2 47
2.49
2.16
1.68
2.39
2.19
2.44
2.17
1.68
2.39
2. 19
2.44
2.24
1.71
2.41
2.22
2.47
2.25
1.73
2.44
2.26
2 49
1.69
1.67
1.79
1.93
1.70
1.67
1.80
1.93
1.72
1.65
1.78
1.95
r
' 1.35
i . a*;
1 36
.32
32
1.37
1.61
1.37
1.61
' 1. 33
1.60
1.15
1.52
1 72
1.81
1.15
1 53
1 72
1.81
.14
' 1. 53
73
.82
1.13
1. 46
1. 72
1.81
2.25
2 59
2.14
1 87
2.01
2.24
2 53
2 15
1 87
2 01
2.25
2 54
2 15
1 87
2 01
2.25
2 54
2 15
1 87
2.02
' 2. 26
2.57
2.15
1.88
2. 05
2.26
2 37
1 92
2 21
1 38
1 32
2.26
2 36
1.93
2 21
1.38
1 32
2
2
1
2
1
1
2
2
1
2
1
1
9 09
2 48
2 48
2 10
2 48
2 49
2 ]0
2 47
2.47
2 11
2 48
2 48
2 05
2 52
2 47
1.76
2 46
2.28
2 52
2.24
1 75
2 49
2 31
? 54
2.28
1 73
2 50
2 31
2 55
2.25
1 73
2 51
2 30
2 57
2.28
1 73
2 54
2 33
2 58
2.26
1 72
2 53
2 29
2 59
'2.25
r
1 73
2 52
r
2 27
1.72
1.66
1.78
1.96
1 74
1 73
1.84
1 98
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
78
73
78
97
r 1 7Q
1 72
1 79
1 97
f 1 . 35
p 1 . 36
1.31
1.32
1 79
1 73
1.80
1 97
75
71
78
98
75
75
78
99
74
71
78
98
26
36
94
21
38
32
77
72
78
98
r
r
25
35
94
22
38
33
r
2 25
2 35
1.93
2 21
1 39
2. 26
2. 36
1.94
2 22
»• 1.38
1 33
r
r I 34
f 1 . 73
" 1 90
" 2. 20
" 1 . 95
p 1 , 40
2 03
2 46
2.47
2 04
r 2 49
r
p \ . :«
2 46
2.25
1.73
2 51
2.28
2 57
r 2 59
1.76
1.76
1.78
1, 78
1 SO
1 79
1 79
I 80
1 81
1 80
r i gi
1 82
1.39
1.11
1.50
1.66
1.40
1.12
1.50
1.67
1.41
1. 11
1.51
1.67
1.41
1.11
1.51
1.67
1 42
1, 12
1.54
1 . 65
1 42
1 12
1.55
1.67
I 42
1 12
1.56
1.67
1 39
10
.55
,63
1 43
1 15
1. 56
1.62
1 43
1 14
1. 56
1.64
1 43
1 14
1 56
' 1. 65
1 43
1 13
1.56
1.68
.90
.98
1.15
.91
.98
1. 14
.91
.98
1.14
91
.98
1. 14
93
99
1. 16
94
99
1 17
94
1 00
1 17
95
00
17
95
1 00
1 18
95
1 00
1 18
r 95
1 00
1 18
94
1 00
1 20
1.824
2.955
1. 852
2. 979
1.877
3. 021
1.921
3 062
1 921
3 073
1 927
3 085
1 933
3 086
1 933
3 086
1 944
3 095
1 944
3 096
1 944
3 100
1 947
3 100
1 964
3 112
1.867
.89
1.861
1.52
1.877
1 883
1 895
1 57
1 928
1 908
90
1 943
1 61
1 961
1 902
84
1 913
1 46
o 87
1.877
517
535
534
582
574
552
586
620
545
701
580
720
623
672
616
618
372
714
378
651
2, 189
1, 197
1.180
17
373
620
360
619
356
647
2 271
1,228
1,212
16
350
693
335
734
312
772
147, 699
54, 888
31, 422
149, 006
140. 992
50, 470
30. 477
168,596
171,260
' 154,666
149, 722
65, 367
35. 557
154, 289
62, 306
30, 806
141,933
54,152
31, 778
56, 115
29, 341
67, 913
36, 666
60, 479
33, 152
59,535
31, 159
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 1
26,455 i
45.3 ;
52,315
26. 880
28
25, 916
21, 354
52,315
21, 422
20, 160
763
26, 558
44 5
50, 509
25, 437
156
24, 639
21, 274
50, 509
20, 688
19,384
368
25, 885
45, 7 '
50, 692
25, 688
350
24, 509
21, 270
50, 692
20, 934
19,412
591
25, 757
45, 6
50, 704
25,316
147
24,632
21, 278
50, 704
20, 773
19, 194
505
25, 487
46,0
50, 089
25, 382
172
24, 632
21, 283
50, 089
20, 898
19, 528
'684
25, 472
45.9
50, 494
25,781
245
24,812
21,293
50, 494
21,143
19, 563
672
25, 544
45.6
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
..
mil. of dol
Commercial paper
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total - ..-__
.mil. ofdoL.
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives
-do
Short-term credit
_. _
do
Bank debits, total (345 centers)!
New York City.
6 other centersc?1
do
do
do
417
441
428
408
435
429
478
451
515
475
2 3LU
1, 177
1, 157
19
331
802
313
825
2, 330
1, 156
1, 136
20
320
855
319
866
312
854
141, 981
50,255
32, 283
153, 846
56, 623
33, 807
147, 957
51, 799
32, 683
134, 38fi
45, 516
29, 958
i
Federal Reserve banks, condition, end of month:
50, 389
Assets, total
_.
mil. of dol
50, 243
50, 466
49, 994
25, 589
25, 414
Reserve bank credit outstanding, total, .do
26,176
25, 958
732
64
Discounts and advances
_
do
644
343
24, 246
24, 746
United States Government securities. .do
24, 964
24, 989
Gold certificate reserves
_
do
21, 286
21, 356
21,085 ;
20, 993
Liabilities, total
_
.do
50,389 1 50, 243
50,466 i
49, 994
Deposits, total
do
20, 976
20, 396
21,068 i
20,623 i
19, 561
Member-bank reserve balances _
do
' 20, 069
19,607 ;
19,278 ;
Excess reserves (estimated) . .. __ do
'
806
102
590 i
476
Federal Reserve notes in circulation __ ..do... i 25, 671
25, 831
25,872 i
25,983
Reserve ratio
percent. J
45.8 '
46.0
44.9 :
45.0
r
a
Revised.
v Preliminary.
Rate as of Jul y 1, 1954.
9 See corresponding note on p. S-ll.
+ Revised series. See note marked "J" at botto m of p. S-l 3.
§ Rates as of June 1, 1954: Common labor, $1.97 3; skilled 1 abor, $3.13,J.
fRevised series. Bank debits have been revised to include additional centers am to represe nt
c? for FRASER
DigitizedIncludes Boston, Philadelphia, Chicago, Detro it, San Fra ncisco, anc 1 Los Angeles.
debits t j demand c leposits.
!
IData back to January 1943 will 1x shown 1;
iter.
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
Julv 1.054
1954
1953
May
June
July
August
September
October
November
December
January j
F
^u'
March
April
May
FINANCE—Continued
BANKING— Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:f
Deposits:
Demand, adjusted
mil. of doL.
Demand, except interbank:
Individuals, partnerships, and corporation"
mil. of dol
States and political subdivisions
do
United States Government
do
Time, except interbank, total
do
Individuals, partnerships, and corporations
mil. of dol_.
States and political subdivisions
do
Interbank (demand and time)
do
Investments, total
_
do
TT. S. Government obligations, direct and
guaranteed, total
mil. of dol
Bills
do
Certificates
do
Bonds and guaranteed obligations
do
Notes
do
Othor securities
do
Loans (net), total
do
Commercial, industrial, and agricultural, do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
....mil. of doL_
Reiil-est'dte loans
do
Loans of banks
...
.
do
Other loans
do
Money and interest rates: d*
Bank rates on business loans:
53, 708
52, 820
53, 395
53, 059
52,814
54, 692
54, 376
56, 217
55, 588
53, 913
51,812
.54, 108
53, 930
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
55, 727
3. 685
3.410
18,383
57,817
3.963
2, 5P4
18,718
55, 831
4,093
2, 275
18, 779
54, 791
3,908
2,424
18, 917
52, 824
4,232
3,838
19,050
54, ^88
4,308
2.671
19,121
54, 597
4,418
2.982
19,359
16, 901
829
11, 734
36, 542
17,052
826
12, 359
36, 896
17, 074
822
11, 568
40, 225
17. 083
823
12, 056
39, 318
17,259
804
12, 452
39, 196
17, 374
865
12, 773
39, 244
17,311
882
13,062
40,254
17, 5P6
93?
13, 860
40, 282
17,619
970
12, 948
40, 697
17, 734
994
12, 983
40, 133
17, 771
1,087
13,017
38, 738
17,854
1.078
12, 79 1
40, 177
18,041
1,129
13. 040
41,300
29, 144
2,043
1,850
19, 599
5,652
7,398
39, 439
22, 690
1,547
29, 501
2,514
2,090
19, 356
5, 541
7, 395
39, 649
22, 585
1,719
32, 705
2, 855
4,985
19, 425
5, 440
7,520
39, 381
22, 643
1,830
31, 797
2,289
4, 705
19, 436
5. 367
7, 521
40, 067
22, 965
1,850
31,663
2,317
5,522
17, 250
6,574
7,533
39, 705
23, 103
1,763
31,795
2,388
5, 502
17,251
6, 654
7,449
40, 294
23, 301
1,663
32, 792
2,394
5.399
18, 541
6,458
7. 462
40, 268
23, 134
1,877
32, 800
2, 56''
5. 303
18,517
6,411
7,482
4],020
23, 380
2.248
32, 989
2,517
4,764
18,952
6,756
7,708
39, 963
22, 638
2,180
32, 292
2,084
4,097
21,313
4,798
7,841
39, 401
22, 407
1,907
30, 850
2,076
2,737
21, 388
4,649
7,888
39.317
22, 763
1,758
32, 160
2,987
3, 015
21, 598
4, 530
8.017
38. 9M.
22, 183
1,744
33, 196
2, 428
2,684
21.502
6, 582
8, 104
39, 219
21,599
2,141
779
6,257
930
7,847
755
6,302
948
7,960
763
6,326
446
7,992
732
6. 365
762
8, 016
726
6,397
402
7, 935
724
6,438
806
7,983
748
6,449
703
7,978
868
6,481
646
8,019
826
6, 486
541
7,924
811
6,478
679
7,754
847
6, 522
241
7, 825
819
6, 553
500
7.753
915
6,592
895
7,721
2.00
2.72
4.17
:?. 73
3.52
3.71
4.05
2.00
2.74
4.17
2.00
2.79
4.17
2.00
2.86
4.17
3.74
3.52
3.71
4.10
2.00
2.93
4.17
2.00
2.97
4.17
2.00
2.97
4.17
3.76
3 51
3 7P
4.10
2.00
2.97
4.17
2.00
2.97
4.17
1.75
2.56
4.17
3.72
3 50
3.74
4 03
1.75
2.50
4.17
1.50
2.50
4.17
1.50
2.08
4.17
1.88
2.68
3.22
3.10
1.88
2.75
3.25
3.13
1.88
2.75
3.25
3. 13
1.88
2.75
3.25
3. 13
1.88
2.74
3.25
3.13
1.88
2.55
3.25
3.13
1.88
2.32
3.25
3.13
1.88
2. 2f
3. 2f
3.13
1.88
2.13
3.25
3.13
1.69
2.00
3.25
3.13
1.48
2.00
3.13
2.98
1.25
1.77
3.00
2.88
1.25
1.59
3.00
2.88
2.200
2.86
2.231
2.92
2.101
2.72
2.088
2.77
1.876
2.69
1.402
2.36
1.427
2.36
1. 630
2.22
1.214
2.04
.984
1.84
1.053
1.80
1.011
1.71
.782
1.78
13, 702
2,477
13, 841
2, 458
13, 881
2,438
13, 920
2,419
14,014
2,402
14,056
2,388
14,141
2, 374
14,341
2, 360
14,442
2, 313
14, 500
2,326
14, 651
v 2, 311
14, 694
"2, 291
14, 768
"2,271
27, 056
20,213
9,432
5,272
1,462
4,047
27,411
20, 635
9,692
5, 333
1,493
4,117
27, 581
21,004
9,973
5, 351
1,516
4, 164
27, 810
21. 218
10, 136
5, 362
1, 534
4,186
27, 979
21, 347
10, 232
5,352
1,562
4,201
28, 166
21,486
10, 337
5, 366
1,585
4,198
28, 252
21, 586
10,358
5,406
1, 604
4,218
28, 8P6
21, 807
10, 28P
5, 605
1,606
4, 307
28,125
21, 444
10, 084
5,495
1, 587
4,278
27, 478
21, 151
9,915
5,377
1,570
4,289
27,151
20, 900
9, 800
5,220
1, 554
4,326
27, 330
20, 909
9, 798
5, 188
1, 554
4, 369
27, 520
20, 932
9,838
5, 142
1,565
4,387
17, 222
8,491
5,480
928
2,323
2, 991
933
809
362
887
17,621
8,675
5, 633
962
2, 351
3,014
937
812
373
892
18, 000
8,818
5, 81 6
988
2,378
3, 004
923
812
386
883
18, 205
8,879
5,924
1,009
2, 393
3, 013
931
813
396
873
18,328
8,893
6,005
1,029
2, 401
3,019
943
811
399
866
18,439
8,908
6, 093
1,041
2, 397
3, 047
18,495
8,881
6,147
1,050
2.417
3,091
983
826
408
874
18, 534
8, 856
6,147
1,064
2,467
3,273
1.068
866
407
932
18, 276
8-723
$', 062
1,043
2,448
3, 168*
1,031
836
400
901
17, 999
8,534
5,974
1, 055
2,436
3, 152
1,094
814
393
851
17, 845
8, 452
5,892
1,074
2,427
3, 055
1,056
795
388
816
17, 859
8, 417
5,901
1 096
2. 1-15
3, 050
I, 058
789
388
815
17,896
8,386
5,944
1,115
2, 451
3,036
1.051
787
390
808
6, 327
6, 776
6,843
6,592
6, 632
6, 577
6, 680
6. 666
7, 081
6,681
Noninstahnent credit, total t
do
2,054
2,197
2,294
2,079
2,131
2, 131
2,130
2.100
2,083
2,127
Single-payment loans
do
2,781
2,763
2,705
2,893
2, 550
2,716
2, 840
3, 246
2, 668
2,811
Charge accounts .„
do
1.798
1,786
1,705
1,723
1,786
1,793
1, 793
1, 726
1,713
1,738
Service credit.
do
By type of holder:
2, 294
2, 054
2, 079
2, 197
2,130
2,131
2,083
2,131
2,100
2,127
Financial institutions
_
_
do
2, 781
2,550
2, 763
3, 24<
2, 705
2, 668
2,716
2,840
2,811
2,893
Retail outlets
do.
1,786
1,723
1,798
1,786
1,793
1,793
1,726
1,713
1,705
1,738
Service credit
do
Instalment credit extended and repaid: 9
Unadjusted:
1,864
2,389
2, 436
2,297
2, 670
2.486
2, 580
2. 602
2,598
1,869
Extended, total..
-do_«_.
776
1,121
974
1,126
1,089
1,219
947
750
1,218
1, 226
Automobile paper
do
470
625
646
687
622
619
824
658
517
668
Other consumer-goods paper..
do__
618
704
754
691
675
677
602
764
827
697
All other
do
2,134
2, 260
2,197
2,232
2,157
2, 248
2,233
2, 222
2,377
2,347
Repaid, total
._
do 963
953
959
897
945
993
1,016
955
1,016
945
Automobile paper
do
606
588
604
635
626
654
603
608
625
627
Other consumer-goods paper
_ . _ do
624
684
632
663
634
651
638
736
650
677
All other
do._
Adjusted:
2,441
2,358
2,409
2,331
2,211
2,458
2, 485
2,498
2, 393
2, 243
Extended, total
_
.
do
919
1,142
1,044
1,102
1,080
1,090
1,117
1,117
1,035
872
Automobile paper.
..do..
621
631
661
586
649
662
600
589
593
672
Other consumer-goods paper
do
694
730
693
707
703
738
696
719
687
678
All other
. ...
_
do
2, 252
2,294
2,273
2, 195
2,184
2.183
2,249
2,283
2,301
2,320
Repaid, total
do ...
921
962
1,015
939
917
967
1,006
1,028
963
977
Automobile paper - __
. . . do
619
643
633
604
612
622
610
609
633
636
Other consumer-goods paper . .
. . do . .
657
634
653
669
664
657
663
658
688
All other
do
680
r
Revised.
»Preliminary.
fRevised beginning 1952 to expand the coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
d*For bond yields see p. S-19.
JData beelnning 1952 have been revised in accordance with recent benchmark materials; revisions for 1952 appear on p. 24 of the June 1954 SURVEY.
9 For a description of these new data and for figures prior to February 1953, see the January and March 1954 issues of the FEDERAL RESERVE BULLETIN.
6,251
2,073
2,438
1,740
6,421
2, 105
2,566
1, 750
6, 588
2, 181
2,639
1,768
2,073
2,438
1,740
2, 105
2,566
1, 750
2, 181
2,639
1,768
2.285
'985
540
760
2,536
1,100
697
739
2, 315
998
591
723
2,306
1,000
626
680
2,299
1,005
580
714
2,276
965
626
685
2,200
924
566
710
2,412
1,042
667
703
2,272
926
621
725
2,308
1,009
610
689
2, 224
943
577
704
2,333
988
635
710
New York Citv
7 other northern and eastern cities
do
_.do
Discount rate (N Y F. R Bank)
do..
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates. New York City:
Acceptances, prime, bankers', 90 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 IT. R. Govt. securities:
3-month bills
do
3-5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol. .
U. S. postal savings
do
CONSUMER
CRFOIT (Short- and Intermediate-Term)
Total outstanding, end of month
mil. of doL,.
Instalment credit, total J
do
Automobile paper
_
do
Other consumer-goods paper
do
Repair and modernization loans
do....
Personal loans
do
By type of holder:
Financial institutions total
do
Commercial banks
_
do
Sales-finance companies
do
Credit unions
do
Other
- do
Retail outlets total
do
Department stores
do
Furniture stores
do
Automobile dealers
do
Other
..do
812
406
872
SURVEY OF CUEEENT BUSINESS
July 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-17
19 53
May
June
July
August
1954
September
October
November
December
January
February
March
April
May
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Buderet receipts and expenditures: §
Receipts total
Receipts net 9
Customs
Income- and employment taxes
Miscellaneous internal revenue
All other receipts
|
mil of dol
do
do
do
do
_ _ do
Expenditures, total 9
Interest on public debt
Veteran? Administration
National defense and related activities
All other expenditures
_. _
do
do
do
. do_
do
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
do
Interest bonnng total
do
Public issues
_
_ ._ do
Special issues
do
Noninterest bearing
do
Obligations guaranteed by U. S. Government,
end of month
mil. of dol
U. S. Savings bonds:
Amount outstanding, end of month
do
Sales series E through K
do
Redemptions
- do
Government corporations and credit agencies:
Assets, except interagency, total
mil. of doL.
Loans receivable, total (less reserves)
do
To nul agriculture.
-do
To aid home owners
__.do____
Foreign loans
do___.
All other
-de
Commodities, supplies, and materials
do....
U. S. Government securities
do
Other securities and investments..
.do
Land, structures, and equipment
do
All other assets
.
do
13 013
11 434
44
11 865
954
149
3 956
2 751
52
2 865
860
179
5 037
3 592
44
3 946
877
170
5 058
245
343
3 001
1 468
i 6 4g8
5 444
41
5 408
860
159
i 4 707
372
345
2 3 568
422
5 555
588
340
2 3 830
797
5 296
350
3P3
2 3 691
872
5 203
249
352
3
3 374
1,228
275,168
272 881
31 684
41 197
2 287
274, 849
272 63°
231 623
41 009
9 216
274, 782
272 536
°31 466
41 070
o 246
270, 235
267 823
226 821
41 002
2 412
271,047
268 855
227 806
41 0^9
2 192
5, 140
4,380
51
3,998
922
169
10, 323
9,744
51
9,179
939
155
3, 619 j
3, 293
52
2,395
937
235
5, 153
4, 475
47
4,011
955
140
6 402
5, 988
50
5 218
981
152
2 894
2, 645
51
1, 698
1,019
125
5 144
4 605
47
3 947
968
182
5 403
5 132
48
4 133
919
304
4 619
4 458
39
3 538
749
293
6,241
179
350
3, 746
1,966
7,988
1,882
349
4,056
1, 701
6. 052
237 1
369
3,890
1,556
5, 948
206
351
3,519
1,873
6 066
560
327
3, 787
1,392
5,462
354
340
3,647
1,121
5 333
164
349
3, 540
1,280
6 336
1 294
376
3 465
1. 201
273, 206
271, 145
230,157
40, 988
2,061
272, 937
270 744
229, 785
40 958
2 193
273, 386
271, 291
230, 403
40 888
2, 095
266, 520
264, 445
224, 735
39. 710
2,075
266, 071 ! 272, 669
263, 946
270, 603
223, 408 1 230, 009
40, 538
40 594
2, 125
2, 066
275,
273
232
41
2
209
128
115
013
081
9
52
52
63
63
64
66
74
76
7ri
"7
58,014
371
968
57, 977
370
542
57, 962
402
541
57, 940
371
480
57, 882
368
514
57, 860
384
489
57, 889
368
438
57, 934
423
57,918
561
704
57. 960
Ki r
78 866
70 544
79, 251
70, 884
514
36,153
17,637
4, 997
2,914
7,798
2,154
2, 201
2, 588
3, 430
7,867
2,430
3 381
1,306
2, 075
424
33, 335
560
475
280
913
367
195
80
80
58, 106
511
538
58,159
464
510
r 80 114
80 547
71 997
38, 937
19, 883
6. 810
2, 930
8, 043
2 303
2.514
2, 602
3, 425
8, 062
2, 451
3,162
1,182
1, 979
415
32, 576
Liabilities except interagencv, total
. do
Ponds notes, and debentures
do
Other liabilities
_
.do
Privately owned interest
_ _ _ _. do
U. S. Government interest
do
37, 141
18,502
5, 512
2, 986
8,010
2.246
2, 259
2, 586
3,429
7,911
2, 454
77
58,050
fin 9
598
273,
271
229
41
2
5 075
1 257
3' 818
434
33, 429
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total
mil. of dol
Securities and mortgages
__
do
49 companies (Life Insurance Association of America), total
_.
mil. of dol
Bonds and stocks, book value, total.
do
Govt. ''domestic and foreign), total
do
U S Government
do
Public utility
.
do
Rail road
do
Other
__
. .. do
75, 063
67, 330
75, 403
67, 698
' 65, 999
66, 262
41, 277
10, 602
8,676
11, 827
3,412
15,436
66, 621
41, 451
10, 564
8,634
11 , 897
3,418
15, 572
66, 944
41,531
10, 565
8,634
11,952
3, 423
15,591
67, 294
41,739
10, 527
8 585
12,043
? 429
1 5, 740
67, 685
41, 976
10,517
8,566
12, J32
3 451
15, 875
68, 046
42. 120
10,476
8 480
12,213
3 461
15 971
68 587
42, 317
10 435
8 427
12 295
3 484
16 102
68 989
42, 607
10 509
8 407
12 325
3 505
16 267
69, 337
42, 801
10, 541
8,414
12.447
3, 507
16. 307
69, 652
42, 942
10, 461
8,306
12, 548
3, 499
16, 433
70 0 4
43, 087
10 464
8 287
12 621
3 520
16 482
70 3f>4
43, 233
10 475
8 194
12 655
3 525
16 578
707
18, 444
1, 599
16,845
2, 365
1,702
1,767
726
18. 619
1,615
17, 004
2,374
1, 707
1,743
789
18,716
1, 628
17,087
2,387
1,726
1, 795
776
18,818
1 638
17 180
2, 402
1 732
1,827
776
18, 950
1 648
17, 302
2,413
1,745
1,824
777
19,098
1 654
17 444
2 425
1 752
1,875
911
19. 321
1 666
17 655
2 436
1 740
1,862
889
19,410
1 674
17 736
9 447
1 769
1,868
793
19. 525
1 685
17 840
2. 460
1 778
1,980
790
19, 689
1,697
17, 992
2, 480
1,792
1,959
709
19, 885
1 714
1ft' 171
2 494
1 **01
1,959
818
20, 028
1 7^8
1 9 300
8
507
1 812
1 , 966
' 3, 223
'570
r
T
' 2 870
" 387
r
3 735
1 050
r 2 584
T 3 183
f 467
'•$ 286
2,100
138
484
449
172
247
85
195
72
242
' 2, 919
*• 453
T
508
1, 958
126
460
436
172
233
83
176
68
232
9144.
107
o o*7"'
383, 861
169, 925
39, 094
8,733
34, 018
60, 133
71, 958
361, 977
162 438
36, 873
9, 265
33 908
57, 780
61,713
r 41. 125
10, 692
8, 726
r
11, 761
3.412
' 15, 200
'758
Ca°h
do
18, 306
Mortgage loans, total
do
1, 584
Farm
do
10, 722
Other
...
.
do
2, 351
Policy loans and premium notes
do
1, 694
Real-estate holdings
.
do
r
1, 764
Other admitted assets
do_.__
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
« ' 3 , 121
Value, estimated total!
mil. of dol
• r 492
Group and \vholesalet
do
a r 619
Industrial!
do
2,010
Ordinary, total cf
do
New England
do
131
483
Middle Atlantic _
do
427
East North Central
do
165
West North Central
do
South Atlantic. .
do
237
82
East South Central
do
W«st South Central
do
178
Mountain _ __
do
73
226
Pacific
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
thous. of dol.. 355, 232
Death benefits
do
158, 288
Matured endowments.
.
do
37, 168
Disability payments
do
8, 834
35, 339
Annuity payments
_
do
Surrender values
do
57, 485
Policy dividends
do..."
58, 118
Life Insurance Association of America:!
Premium income (39 cos.), total
do
574, 765
Accident and health
do
78. 104
Annuities
_
_
do
65, 634
Group
_
. .. do.
48. 224
Industrial..
do
68, 740
Ordinary..
do
314, 063
r 553
75, 855
68,105
76, 244
68, 337
2, 851
'"479
r 535
1 837
116
395
398
155
222 1
78 1
170 i
68
221
345, 385
157 326
35,611
7,982
33 904
55, 733
54, 829
76,612
68, 709
2 757
'453
r
^28
1 776
110
371
383
153
219
84
164
69
77. 121
69. 124
77 552
69, 478
3 038
r 523
r 57 '>
r FJ5Q
1 956
2Q Q
1 911
128
431
424
160
237
85
170
79
2"-?4
383, 180
167 530
37, 155
8,683
33 477
54, 548
81,787
359, 570
155 700
40, 792
8,678
33 732
60, 153
60,515
352. 150
152 387
39. 862
8,717
35 971
58, 376
56. 837
19g
450
426
156
933
83
177
67
•>29
78 201
69 992
r
r
2 200
1 44
190
4f 7
189
4>
63
r 49ft
1 71 9
41 K
OTT
8&
j(p
8(i
T
2
T
T
1
779
4ig
551
H10
124
139
402
15]
1%
168
60
197
79,649
71, 238
r
3, 424
r
492
71 645
9
2 330
155
538
505
201
261
96
216
84
274
51 5
4^2
440
250
"^52
.
efData for 1953 for total ordinary insurance written include revisions not distributed by regions.
437, 531
1QA
Qft
9ni
374, 908 461,416
408, 092
1 63 906 1% 916
49, 479
45, 376
50,744 ! 40. 856
10. 241
8.573
9, 573
10,242
38 682
49, 115 i 35 06°
79, 293
t>2, 825
72,312
05.474 j
86, 805
63, 686
73, 908
89, ]«()
633, 799
619, 800
581,965 i 640, 679
602, 574
627. (m
942, 298 609, 865
639,410
722.082
619,537
76, 143
81, 653
73 494
83 104
79 316
84 4S1
88 698
82 273
% 825
87 704
90 56'^
61,039
91,674 1 70, 363
72, 779
83, 589
101,219
80] 719
204,911
86,309 i 89, 843
80 333
56, 386
60 744
53 064
55 502
52 449
5fi Rfifi
77 237
56 284
71 221
57 444
66 055
83, 828
69, 080
69, 463
81 955
69 001
77 031
90* 155
118 852
70 623 • 85 132
67 5^1
356,403 i 316,649 i 315,581 347, 339 318, 226
329, 168
342! 761 ! 393, 348
450, 489 312,556
324, 205
r
Revised.
i See note marked "§."
2 Data beginrfng February 1954, representing expenditures for National security are not strictly comparable with earlier figures
o Revisions for January-April 1953 (mil. dol.): Toial in urance written— 2,354; 2,662; 3,389; 3,246; group and wholesale— 254; 406; 625; 644; industrial— 458; 543; 593; 553
481, 224
191 711
49, 345
9, 495
37 426
64, 579
128, 668
Cno
r 60*?
377, 51 5
4 ',41 6
8, 804
67, 400
66. 561
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
Julv 1954
1954
1953
May
June
July
August
September
October November
December
January
22, 030
-21, 200
3,526
2,081
21 956
-43, 300
7,074
1 555
February
March
April
May
FINANCE—Continued
MONETARY STATISTICS
Gold and silver:
Gold:
22, 537
22, 463
22, 277
Monetary stock XT S
mil. ofdol
Net release from earmark!-...
thous. of dol.. -48, 900 -68, 500 -171,700
1, 835
3, 654
2,747
Exports
do
1,874
1,690
2,255
Imports
do
65, 500
64, 700
67,000
Production, reported monthly total
do
39, 400
38, 800
40 600
Africa
do
12, 900
12, 700
12, 900
Canada
do ,.
6,100
6, 000
6,800
United States
do
Silver:
230
3, 578
Exports
do.
307
5,364
11, 296
Importe
_
do
6, 548
.853
.853
.853
Price at New York.
dol. per fine oz_Frodnction:
2,520
2,539
2,354
Canada
..thous. of fine oz._
4, 850
2, 605
3, 063
Mexico
-.
_ _ - _do .
2,823
1, 909
2 525
United States
do
Money supply:
., f , ,
29, 951
30, 125
Currency in circulation
mil. of dol_.
30, 120
199, 100
200, 360
Depo^its and currency, total
_ __
do.
205 100
2, 400
Foreign banks deposits, net
do
2 467
2 500
4,600
5, 333
IT S Government balances
do
9 600
192, 100
192. 560
Deposits (adjusted) and currency, total.. _do
193, 000
97, 500
97 400
Demand deposits, adjusted
do
96, 898
67, 600
Time deposits
..
do_. _
68, 293
68' 400
Currency outside banks
_.
do
27, 000
27, 369
27 200
Turnover of demand deposits except interbank and
IT. S. Government, annual rate:t
35.6
38.9
New York City
ratio of debits to deposits..
36.0
26.2
26.5
25 7
6 other centers 9
- - ..
do
p
18.8
19.2
19 2
338 other reporting c nters
do.. .
22, 178
-78, 800
1,881
1,754
66, 000
40 400
11, 500
6,200
22, 128
-55,000
10, 100
10, 039
65. 700
39, 800
11,700
6,200
22, 077
-72, 500
3,752
4,306
64, 900
40, 500
10, 000
6,800
22, 028
-35, 100
2,668
2,114
39, 900
9,500
6, 200
40 300
9,600
6,100
40 800
10 300
5 100
324
6, 243
,853
403
11, 873
.853
253
6, 497
.853
198
5, 091
.853
282
3, 870
.853
314
4 412
.853
2,029
2,752
2 652
2,067
6, 045
2 301
2, 098
2,514
3, 558
r 2. 207
5,077
2 511
30, 248
204 800
2 400
9 000
193,400
97 500
68 700
27 300
30, 275
204 %0
2 ^00
ft' 100
194, 300
97 700
69 100
27 500
30, 398
205 500
2 600
5 700
197, 300
100 300
69 600
27' 400
30, 807
207 100
2 700
7 000
197, 400
100 200
69* 300
27~ 900
30, 781
209 175
2 694
5 564
200,917
102 451
70 375
28, 091
29, 981
? 207 100
32.2
23 6
17 R
40 2
25 9
19 3
35 8
23 9
18 4
38.4
26.4
20 2
43 1
26 8
19 7
42 7
24 1
18 6
T
2, 361
6,678
3 751
r<
l 553
4 065
3' 372
p9
•p 4
v 199,
•p i no
Cnn
4QO
800
onp
p 70 600
P 25 QOO
21 958
—9, 900
21,965
-2,000
1,930
*> 21, 973
-48, 400
9,397
21, 969
37, 500
1,088
3,517
10,900
4,900
12, 900
5,400
4,900
5,000
128
182
190
134
5 61 S
!853
6 326
.853
4, 843
.853
5 124
.853
2 280
2,661
303
r
2 045
4 203
3 163
389
r
3 775
29, 904
29, 707
P 206 200 P 205 100
p ^ nnn
•p o (V)0
p g gQQ
p 5 qnn
p 197, 400 *> 195,200
P 95 700
P 99 600
P 71 ' 000 P 75 ' 700
j> 25 900
P 26 900
42 7
25 5
r jQ O
r
44 6
29 2
19 7
774
2,004
3 613
29, 735
29, 870
p2()6 200 P 207 600
P 3 IQO
P 3 100
P 5 4QQ
P 5 800
P 197, 300 p 198, 000
P 9§ 5oo
P Q§ 700
P 72 500
P 72 000
P 26 700
P 26 800
41 3
f 27 6
T 18
g
41 9
25 6
18 7
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Tradeand SEC):*
Net profit after taxes, all industries.. .mil. of dol..
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil. of dol
Paper and allied products
.
do
Chemicals and allied products
do
Petroleum refining
_. __
do
Stone, clay, and glass products
do
Prim ary nonferrous metal . _ . .
....do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transportation equipment)
mil. ofdol..
Machinery (except electrical)
... do..
Electrical machinery
do
Transportation equipment (except motor vehicles, etc.)
..mil. of dol..
Motor vehicles and parts
..
do. .
All other manufacturing: industries
do
Dividends paid (cash), all industries....
do
Electric utilities, net profit after taxes (Fed. Res.)
mil. ofdol
Railways and telephone cos. (see p. 8-23).
3,031
219
83
2,871
275
77
61
113
284
520
127
124
243
47
116
252
545
121
104
236
2 591
1QQ
33
24
105
238
624
80
109
205
140
278
165
142
210
159
103
184
163
85
272
316
1,287
68
236
282
1 244
80
233
218
1,796
246
233
219
t> 88
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil. of doL1, 626
1, 538
2,324
1,210
644
i 1, 442
1,111
830
898
i 1,117
1,304
i i 344
i 977
New capital, total
.do. _.
1,491
1,323
1 142
2 219
497
1 033
758
783
1 167
Domestic, total
_.
do....
1,465
1,141
1,287
2,161
495
1 266
974
745
762
835
1 087
Corporate
do
597
1,057
584
1,388
421
315
239
705
441
358
*490
Federal agencies.. . _. __ ..._
do
0
0
45
16
o
o
30
32
99
76
39
Municipal, State, etc
..do
645
393
527
255
462
477
773
398
404
393
557
3
1
Foreign
_
do
25
8
36
58
59
44
22
13
81
Refunding, total ..
._
do
215
135
69
146
72
98
106
78
115
140
136
Domestic, total
_
do ..
135
215
69
146
72
98
106
78
115
140
136
3
7
Corporate
do
11
16
37
2
36
24
15
20
71
198
Federal agencies
_
...do
79
56
140
94
62
67
55
115
88
58
2
19
Municipal, State, etc
do
2
4
2
8
2
4
3
2
7
Securities and Exchange Commission:^
4, 613
3, 066
Estimated gross proceeds, total
do
1,928
1,453
2,599
2,291
2,736
3,508
1, 655
1,386
1,913
1, 951
4,257
By type of security:
4,367
Bonds and notes, total..
do ,
2,877
1,815
1 381
2 507
2 064
2 64°
3 400
1 297
1 545
1 699
1 736
4 071
ten
ri O
Corporate
do
468
977
263
407
498
676
375
1 385
353
462
366
164
156
Common stock
.
.
do
82
65
48
1 44
210
69
51
63
90
1 10
Preferred stock _
do
82
33
31
44
18
43
37
27
20
69
108
114
By type of issuer:
714
Corporate, total
do.
1, 166
520
79fi
AJ.7
333
768
603
1 478
459
571
456
CO
287
Manufacturing
do
101
i ^(\
111
135
48
134
57
423
7
00
38
Mining
do
32
21
9n
9Q
41
38
19
34
^
ooq
399
339
Public utility
do
98
214
J.Q1
246
369
249
202
279
272
367
9
01
1
6
Railroad .
-do .
15
23
10
25
10
60
48
30
16
5
7
OQ
Communication
do
38
21
94
31
90
13
611
27
96
416
43
Real estate and financial
......
do
124
246
81
48
45
12
52
54
90
16
3,899
Noncorporate, total
do
1,900
1 , 408
1, 117
1 831
1 689
3 047
1 °58
1 083
930
1 186
3 512
1 308
3,244
1,454
U. S. Government.
do
884
853
1,320
1,070
423
2,610
561
515
602
511
2,669
650
443
522
State and municipal
do
476
260
483
411
777
399
414
522
726
763
r
Revised.
* Preliminary.
i Includes International Bank securities not shown separately.
§Or increase in earmarked gold (—).
fRevised series. Data reflect change in number of reporting banks and centers; figures back to January 1943 will be shown later.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
*New series. Compiled jointly by the Federal Trade and Securities and Exchange Commissions. Data are estimated totals based on reports from all manufacturing corporations registered
with SEC, all nonregistered manufacturing corporations with total assets of $5,000,000 and over at the end of 1949, and a sample of nonregistered manufacturing corporations with total assets
of less than $5,000,000 at the end of 1949. Comparable data beginning with the first quarter of 1951 are available upon request.
^Revisions for 1952-February 1953 will be shown later.
SURVEY OF CURRENT BUSINESS
July 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-19
1954
1953
May
June
July
August
September
October
November
December
January
February
May
April
March
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
Retire merit of securities
-do
Other purposes
.
-do
Proposed uses by major groups:
Manufacturing total
do
New money
do
retirement of securities
cio
Mining 1 , total
-do
New money
..do. __
"Retirement of securities
do
Public utility, total
do
New monev
do
Retirement of securities
do
Railroad total
do
New money
do
Retirement of securities
do
Communication, total
do
New money
do
Retirement of securities
.-do
Real estate and financial, total
do
New money
do
Retirement of securities
do
State and municipal issues (Bond Buyer):
Long-term
thous. ofdol
Short-term
...do
697
1,147
510
330
757
590
451
1,464
563
448
713
635
732
591
463
127
22
85
1,034
597
437
24
89
459
364
95
27
24
270
161
109
5
55
691
423
268
4
62
550
430
120
12
28
406
301
105
22
23
1 413
1,111
303
26
25
531
485
46
18
13
410
338
72
9
29
590
473
117
53
70
480
382
98
139
15
524
442
82
176
32
109
68
19
36
32
1
283
211
46
33
2
6
5
132
93
1
5
3
0
242
227
1
24
24
0
89
88
56
50
2
38
37
99
77
6
18
17
18
17
29
28
o
134
111
16
32
29
1
276
275
(i)
48
48
107
95
245
225
16
10
10
0
418
400
9
37
34
1
200
184
8
59
59
0
608
608
0
47
40
1
52
46
31
30
0
331
300
17
23
23
0
37
37
0
412
400
0
133
108
17
19
18
0
209
206
1
9
9
0
20
15
2
43
32
3
o
362
306
46
16
14
2
30
22
0
88
54
0
163
143
7
8
6
1
484
317
168
I
1
0
ft)
38
0
12
11
269
258
0
30
23
7
7
7
0
51
40
117
99
15
30
16
12
328
254
74
31
19
12
24
24
0
53
18
25
650, 210
228, 600
443, 040
521, 899
735 074
' 249, 618
762. K20
214, ()2*i
183
281
1,671
673
1,193
C)
391
348
(0
15
15
0
6
1
94
91
0)
(i)
97
86
0
9
9
0
30
29
(i)
123
92
(i)
o
(i)
356
334
5
6
6
243
239
2
13
11
0
80
74
3
5
0
45
44
0)
o
(i)
o
o
o
(i)
o
26
25
o
r
lh
14
0
172,444
260, 063
366, 327
475, 595
251, 039
482, 876
294, 113
410,562
190, 858
777, 141
218, 734
399 42P
304, 473
414, 306
438, 195
569, 850
266, 676
307
586
254
610
237
689
243
476
262
318
268
371
210
310
158
950
136
244
160
369
183
413
116
344
282
1,684
653
1, 216
1,664
651
1, 161
1 682
641
1,182
1,624
674
1,070
1,641
672
1,098
1 654
682
1,127
297
1, 694
709
1,170
1 690
1,688
768
1,062
1,716
787
1,054
1 786
819
1 0°4
1 841
837
1,186
95.30
95.69
74.62
95.82
95.58
96.74
96 22
97.59
95 96
74 79
97.30
101.00
75.25
101 41
78 17
100. 00
100 40
77 64
151,384
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
mil. ofbu.
do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Monev borrowed
_
__
mil ofdol
do
_.do
do
741
1,108
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
94.42
total §
_ . dollars. 94.79
"Domestic
do
74.88
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f- issues):
109.8
Composite (17 bonds)
dol. per $100 bond..
119.4
Domestic municipal (15 bonds)
do
91.59
U. S. Treasury bonds, taxable .
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
61, 993
Market value
thous. ofdol
72, 496
Face value
__
do
New York Stock Exchange:
60, 227
Market value
._. .-do
69, 753
Face value
do
New York Stock Exchange, exclusive of stopped
62, 085
sales, face value, total§
thous. of dol.34
U. S. Government
. __ do
62, 051
Other than U. S. Government, total 5
do
54,611
Domestic _
do
7,372
Foreign
do
Value, issues listed on N. Y. S. E.:
98, 985
Market value, total, all issues§
mil. of dol. _
97, 094
Domestic. .
do
1,421
Foreign
do
104, 830
Face value, total, all issues §
.. ... do
102, 432
Domestic
do
1.898
Foreign
do
Yields:
Domestic corporate (Moody 's)_._
-.percent..
3,53
By ratings:
Aaa
Aa.__
A
Baa
__ .
.
.
do
do
do
do
3 34
3.41
3. 58
3 78
108.8
115.1
91,56
74,44
110.7
115.1
110.9
116.9
98 03
75 70
112.5
119. 7
97 72
75 78
98. 32
98 74
76 30
99.32
99 74
77 17
100. 28
100 68
77 49
100. 64
101 04
78 34
92.98
92.89
93.40
95.28
94.98
113.6
121 4
113.5
122 3
95. 85
114.6
123 6
97 42
116.5
125 4
98 62
99.87
117.9
125 6
118 1
123 9
100 36
123 6
99 68
83,260
69, 942
56, 270
64 949
46 982
54 677
53, 136
61, 895
62, 397
77 035
48 741
56 894
87 702
97 078
79 128
91 677
80 038
91 416
83 039
92 499
74 769
89. 764
73 721
84 141
68, 208
80 340
54, 572
62 723
45 364
52 327
51, 954
60 238
60 529
74 607
47 433
55 102
86 220
94 863
77 099
88 276
78 470
88 486
81 229
89 996
72 601
81 109
72 IK,
82 136
68,751
55, 874
0
55, 874
48, 477
7 293
47, 574
56, 308
0
56, 308
49 468
6 795
64, 037
8
64, 029
57 153
6 727
59, 622
69, 272
1
69, 271
69 126
6 861
86, 352
. 75,856
47, 574
41 087
6 455
86 352
72 247
13 970
100, 010
98 142
1 395
104 634
102 269
1 865
93, 472
91, 599
1 400
96, 620
94 259
1 861
94, 572
92 613
1 406
96 904
94 471
1 858
96,506
1,891
100, 279
98, 419
1 390
104, 651
102, 284
1 ,867
3.61
3.55
3.51
3.54
3 40
3.50
3 67
3 86
3
3
3
3
3 94
3 39
3 56
3" 85
0
68, 751
60, 659
8,024
99, 454
97, 576
1,411
104, 357
101,966
28
42
62
86
111.4
116 9
o
By groups:
Industrial
_
do
3. 48
3.39
3.42
Public utility
do
3 62
3 57
3 56
3 67
Railroad _ _ . .
do
3 73
3 63
Domestic municipal:
Bond Buyer (20 bonds)
_
do
2 81
3 04
2 92
2 73
Standard and Poor's Corp. (15 bonds) do
2,99
2.99
U . S . Treasury bonds, taxable..
do....
3. 09
3! 09
2.99
f
Revised.
» Preliminary
i Less than $500,000.
I Revisions for 1952—February 1953 will be shown later.
§Sales and value figures include bonds of the International Bank for Rt iconstruction
all listed bonds.
97.18
o
59, 622
53 034
6 499
o
6
75 850
62 595
13 102
79, 181
o
75, 165
o
73, 779
79 181
65 421
13 691
75 166
64 443
1 0 629
73 779
107, 976
105 867
1 441
107 286
104 782
1 839
108,356
106 255
1 440
107* 988
104 781
1 843
105,094
105 091
1 02 577
3.12
3.13
o (\(\
o ir
3
3.05
3.04
3.06
3. 13
3. 21
2.38
2.51
2.47
2.47
2.49
2.52
94 549
1 406
99 184
96 754
1 856
99, 828
97 871
1 406
101 539
99 T>2
1 84°
101,246
162
421
936
419
842
107, 646
105 557
1 424
107 346
104 843
1 838
3. 45
3.38
3.39
3.34
3.23
3.14
3 99
3 43
3 56
3 88
3
3
3
3
3
3
3
3
3
3
3
3
13
28
40
74
3 06
3 22
3 3^
3 71
2 95
3 12
3 25
3 03
3 16
3.37
3 54
3 61
3.39
3 58
3 65
3.33
3 46
3 56
3.27
3 38
3 51
3.28
'j 07
'i 50
3.23
3 01
3 4.7
3.12
2 92
2,89
3.00 i
2 82
2.88
2.97 i
2 69
2.72
2.83
2 60
2.62
2.85
2 ejg
2.59
2.79
9 4fi
2.39
2.60
8 822
9 ^0
2.50
2.68
Q
16
33
47
82
11
27
40
75
99
1
101
99
1
o
0
f\-\
00
2
1 4*}fi
R4.Q
1
QC
3
1 AO QQA
r1
o or:
rvo
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
July 1954
19<c>3
May
June
1954
September
August
July
October
No
m
b™ -
December
January
February
March
April
May
FIN ANCE—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,
common stocks (Moody's):
Dividends per share, annual rate (200 stocks)
dollars. .
Industrial (125 stocks)
do
Public utility (24 stocks)
do ..
Railroad (25 stocks)
do
Bank (15 stocks)
do _
Insurance (10 stocks)
do
1,234.7
87.6
802. 2
87.3
576. 0
137.0
200. 6
5.6
220. 9
52.0
S8.0
2.5
1, 235. 3
86.4
796.1
86.2
,553. 3
100 1
205. 9
6.9
232.4
52 5
102 0
2.5
1,715.2
170 6
1,081.7
141.3
689. 5
134 7
239 *
8.3
244.1
68 9
84 2
1 9
1, 274. 5
78 7
833.1
93.9
588. 3
108 0
212 5
6 8
227. (}
55 8
96 7
21
1.0
52. 2
3.1
7.6
r
5. 6
36.2
94 6
56.4
49.0
21.4
104.3
66 3
14.1
39.2
8.9
1.0
55 4
10.0
7.6
4. 4
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
fi.4
43.7
100 3
87.4
48.8
41 4
104 4
68 0
32. 3
92 3
0 6
11
56 9
10. 1
17 0
4 0
39 4
102 3
60.0
43.8
23 2
107 6
70 2
1
57
2
7
4
3.98
4.17
1.98
3.01
2.82
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
4. OH
4.27
2. Of
3 21
2.97
3.26
4.11
4 30
0
00
4.14
4 34
2 13
3 11
3 01
3.37
4.18
3 01
3 26
4.14
4 34
2 11
3 24
3 01
3 28
41
13
11
01
37
122
4 47
2 13
3 11
3 01
3 37
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 59
45. 18
73.79
76. 97
39.70
45. 56
73. 50
77. 06
39. 61
43.18
77. 11
81 37
40 87
46 58
77. 85
81 98
41 42
46 80
80.56
85. 53
42 56
46 40
84. 07
90 76
42 91
47 16
86. 51
02 86
43 70
40 63
5 51
5.58
Yield (200 stocks)
percent
5.53
6.60
Industrial (125 stocks)
do
5.34
5.58
Public utility (24 stocks)
.
do ..
6.15
6.26
Railroad (25 stocks)
do
4.60
Bank (15 stocks)
-do __
4.64
3.41
3.60
Insurance (10 stocks)
do
Earnings per share (at annual rate), quarterly:
7.76
Industrial (125 stocks)
dollars
2.79
Public utility (24 stocks)
do ..
8.31
Railroad (25 stocks)
_ ._
do
Dividend yields, preferred stocks, 11 high-grade
4.38
4.47
(Standard and Poor's Corp.)
percent. .
Prices:
108. 07
104. 42
Dow-Jones & Co., Inc. (65 stocks)_dol. per share-276.84
266. 88
Industrial (30 stocks) ._
_
do
Public utility (15 stocks)
_.do
50.97
48.66
105. 58
Railroad (20 stocks)
.
do
103. 09
Standard and Poor's Corporation:
Industrial, public utility, and railroad:§
189.6
182.8
Combined index (480 stocks) .. .1935-39= 100..
205. 2
197. 5
Industrial, total (420 stocks)
_ . -do_ ..
192. 3
183. 7
Capital goods (129 stocks)- _
..do
177.6
170.7
Consumers' goods (195 stocks)
do
120.8
117.2
Public utility (40 stocks)
_.do
174.2
169. 3
Railroad (20 stocks)
_ _
do
115.3
121.3
Banks, N. Y. C. (16 stocks).
do
214.1
205.1
Fire and marine insurance (17 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
1, 325
1,290
Market value
mil. of dol._
Shares sold
thousands. _ ' 58, 387 r 63, 846
On New York Stock Exchange:
1,129
1,106
Market value
mil. of dol
43, 936
49, 757
Shares sold
thousands .
Exclusive of odd lot and stopped sales
26, 075
25, 767
(N. Y. Times)
thousands
Shares listed, New York Stock Exchange:
113,306
Market value, all listed shares
mil. of dol. _ 115,371
2,878
2,862
Number of shares listed
millions
5 46
5.44
5.46
6.30
4.59
3.40
5. 75
5.79
5. 57
7.01
4.55
3.46
5 73
5.76
5. 56
7.13
4.53
3.40
5 59
5.60
5. 36
6.93
4.45
3.35
5.53
5.53
5.26
7.05
4.28
3. 32
5. 55
5. 54
5.28
7.43
4.61
3. 2(5
5 33
5 28
5 11
f>. 98
4 72
3 20
5 3*>
5 20
5 09
6.92
4 77
3 08
5 14
5 07
5 00
6.70
4.81
3 17
221.5
49.0
100.4
2.6
r
Price per share, end of month (200 stocks) .-do
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do ..
7.76
2.85
8.49
:> '>n
8.08
2.78
8.76
2l'7
51 3
72
4
2
3
3
3
4
4
4
6
4
3
04
gft
06
59
66
08
4
4
4
6
4
2
]
3
9
6
1
88
81
86
27
62
94
7 75
2.82
3.14
4.37
4.30
4.30
4.19
4.15
4.20
4.15
4.08
4.04
4.02
4.03
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
277 10
51. 57
97 23
106. 74
281.15
52. 54
%. 37
103. S6
286. 64
53. 33
98.17
111.55
292. 13
54. 39
102. 44
113.11
299.15
55. 64
101.38
115.94
310 92
56.39
102 01
120.74
322 86
57. 37
108 62
185. 5
200.1
185.9
171.7
119.2
173.7
117.6
208. 5
187.3
202.1
188.1
172.8
121.1
170.2
121.4
215. 7
179.2
192.6
180.2
165. 4
119.6
1 56. 1
119.6
209.7
183.4
197.2
186.7
168.8
122.2
156.7
122.6
215. 5
187.5
202. 3
192.2
171.0
123.6
158.5
124.8
225. 6
190.7
206.2
197.0
172. 9
125. 2
156.9
124.3
229.4
195. 4
211.9
201.0
177.0
126. 7
159. 5
122.8
238. 0
199. 6
216. 5
204. 8
178. 1
128.8
165.8
121.7
243. 7
204. 9
222.9
211.7
180. 5
131.0
165.4
120.7
248.1
212.7
233 1
225 3
184 6
132 5
163 7
121. S
2 SO 1
219. 8
241 5
235 9
189 2
134 9
173 0
124.8
260 0
1,073
42, 528
1, 119
42, 437
1,248
53, 392
1,170
50, 610
1,188
52, 290
1, 568
65, 081
1,533
64. 873
1 . 7(10
60. 104
2,043
75, 234
2,173
84, 9 19
2, 122
84? 954
903
28, 809
946
29, 841
1,068
38,011
995
36, 557
1,010
37, 872
1,344
45, 458
1. 290
47,313
1,45*
43, 4S2
1,751
52, 932
1 870
62 793
1 846
61 746
22, 234
23, 893
27,172
25, 728
26, 684
36.159
;;3, 375
33, 295
44. 132
43 867
41 913
115.886
2.882
110,750
2,889
110,479
2,892
115,428
2,902
117,478
2,918
117,257
2,927
123. 190
2. 9^1
124, 906
2, 937
129, 122
2, 943
134, 586
2 957
137,928
2 979
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTER LY)t
Exports of goods and services, total
Merchandise, adjusted
Income on investments abroad
Imports of goods and services, total
Merchandise ad jus ted d*
Income on foreign investments in U. S
Military expenditures
Other services of
Halance on goods and services
I'nilaterai transfers (net), total
Private
Government...
' 5, 732
' 4, 519
'456
' 757
mil. of dol
do
do
-do
do
do
do
do
.-do
do
do
do
U. S. long- and short-term capital (net), total-do
Private
.do
Government
_
-do
Foreign long- and short-term capital (net)
do ..
Increase (— ) or decrease (-f ) in U. S. gold stock
mil. of dol. .
---
-
j
1
j
' 4, 916
'3,728 1
-. .
1
Mao ::::...:.J::::
' 738 |
--
' 4, 239
' 2, 679
<• 100
653
'807
' 4, 250
' 2. 882
' 106
600
'662
r
'+1, 482
3 630
458
659
3. 753
' 2, 512
103
618
520
'+1.291
i
+994
'-1,375
-117
T
—1, 232
— 1, 360
-108
— 1,252
* +35
r
+70
'-35
r
-210
r
-31
' -179
' -213
r
—192
' -21
-181
—332
+151
' +298
'+448
' +232
+462
+128
4-302
i
r
i ' +135 ;
Errors and omissions-.. _.
do.-_+120
r
Revised.
v Preliminary.
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of series,
issue of the SURVEY.
cf Excludes military expenditures.
4.7*7
1
' 3. 939
r
2, 596
'143
679
'521
+677
f —1 3.52
' -120
— 1 , 226
' -2, 063
' -118 !
r
— 1 , 945
r 5, 230
' 3, 972
'585
'673
+130
' -65
456
1
+29
t Revisions for 1947-lst quarter 1953 appear on pp. 16-17 of this
SURVEY OF CUERENT BUSINESS
July 1954
Unless otherwise stated, statistics through
1952 ami descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-21
1954
1953
May
June
July
August
Septem-
ber
Novem-
October
ber
Decem-
ber
January
Febru-
ary
March
April
May
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
i
FOREIGN TRADE
Indexes
Exports of U. S. merchandise :c?
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:
Unadiusted
- 1924-29 =100__
Adjusted
-do
Total, excluding cotton:
Unadjusted
do
Adjusted
_
do
Imports for consumption:
Unadjusted
do
Adjusted
do — .
291
591
203
280
564
201
274
553
202
237
482
203
249
511
205
248
508
204
248
506
204
270
550
203
218
443
203
238
479
202
225
457
203
284
578
203
158
434
275
164
451
275
158
435
275
147
407
278
162
453
279
145
401
277
149
409
275
159
437
276
149
411
276
144
398
277
153
426
279
161
400
285
77
99
70
96
73
99
73
89
81
67
78
59
87
70
90
73
72
69
82
94
89
97
90
114
113
134
105
131
126
157
115
120
130
107
122
98
135
116
123
108
100
99
107
125
114
123
119
141
104
106
105
113
100
111
91
99
116
119
87
86
99
101
107
106
103
100
95
94
101
90
115
108
6.704
9,282
7,096
9,366
7,018
8,994
6,889
8,590
6,581
9,187
6,408
8,688
5,776
8,830
4 887
9,148
3,751
8, 435
3, 855
8,200
Shipping Weight
Water-borne trade:
Exports incl reexports©
thous. of long tons. _
General imports
- -do
r
Valued"
Exports, including reexports, totalt
mil. ofdol—
By geographic regions:A
Africa
thous. of doL.
Asia and Oceania
_
do
1,451
1,383
1,357
1,184
1, 254
1,251
1,244
1.34P
1, 091
1,180
1,123
'1,422
44, 791
180, 098
247, 821
294, 820
136, 871
132, 007
36, 880
157,069
220, 125
291,063
129,328
129, 102
44, 413
173,574
197, 874
244, 942
125, 598
114,647
42,128
165,318
190 346
233, 453
10?, 546
123, 362
50, 689
191, 936
239 015
238, 492
136, 806
132, 871
32, 386
171, 760
243 996
246, 993
142, 480
129 313
37, 917
198, 150
246 392
224, 566
130, 196
133, 791
39, 953
231, 50^
296 108
210 795
146, 649
152 227
36, 195
1 69, 867
218 351
199, 403
131,036
116,841
40, 384
197 658
245 441
207 846
129 771
123 924
28,815
174 333
292 037
244 985
115,000
96 228
61 , 293
234 446
304 407
256 825
166 830
177 354
4,000
16, 504
8,234
18,351
10, 191
14, 430
4,428
17, 036
3,280
13, 586
4,224
13.412
2 692
16 053
2 545
18, 083
2 724
19 390
4 028
12 147
3 794
28 412
7, 507
2,205
0
14, 801
44, 953
9. 266
33,715
9,248
2,982
0
24, 185
47, 200
10, 246
27, 767
7, 1 21
2,530
0
19, 549
51,956
11,827
20, 862
13, 657
2,417
0
27, 976
61,092
8,327
30, 603
9,277
2 065
0
21,969
62, 760
7, 533
28, 803
19,015
2,542
0
24, 072
75, 263
8, 156
23, 610
18 394
2 996
0
19,845
83 229
8,131
33 300
8.710
1 576
0
10,019
75. 879
6,876
20 551
13 046
2 691
11 685
1 926
17, 369
83 167
7 112
25 808
13
72
5
25
293
885
943
857
14 986
2 262
4
24 617
79 064
7' 126
35 Q48
27, 867
25, 474
23, 869
4
39, 423
18,351
24, 764
16, 977
5
32, 144
18, 705
23, 266
16, 555
0
34, 364
31,477
26, 890
22, 142
0
60, 461
29, 889
40, 023
16, 368
1
50, 781
23, 772
33, 368
24, 101
2
50, 003
30, 837
37, 905
27 685
1
61,665
22. 920
31, 759
22 145
0
44, 560
27 649
39 292
21 6°5
3
49, 89Q
20 329
44 769
15 627
2
39, 828
31 693
44' 609
27 925
2
44 604
291,035
244, 344
14, 177
24,619
7, 227
24, 438
32, 025
53, 408
42, 297
1,375
244, 934
226, 247
6,499
20, 265
6,637
22, 994
37, 276
52,481
41,429
1,349
233, 442
220, 505
9,924
23, 847
7,244
24, 301
27, 585
48, 258
40,061
1,175
238. 472
256, 548
12,512
29, 088
8,528
24,571
38, 108
54, 668
37, 446
1,245
246, 985
257, 574
6.617
21, 686
11,471
25, 560
37, 157
65, 339
46,411
1,238
224, 532
250,198
10,812
24, 792
9,583
24, 841
36, 154
54,172
44, 763
1,234
210 788
283,025
1 1 , 498
33, 387
12 933
27, 887
39 008
63,087
47, 883
1,340
139,399
235, 987
9 527
25, 030
5, 241
21 , 921
33 185
53, 1 59
39, 202
1,079
207 840
242, 599
7 748
31 347
4 580
22 743
34 3Q5
56 622
41 001
1,168
244 982
202, 407
4 594
23 900
5,050
17 312
28 386
57 758
34 652
1,114
256 819
325, 675
8 183
46 781
1 586
33 673
40 234
62 270
56 372
1 , 409
127, 507
68, 621
53, 970
112,146
1,012,917
96, 978
82, 121
60, 573
110,630
998, 506
120, 432
73, 443
50, 676
105, 998
824, 689
145, 424
82, 105
55, 525
123, 970
837, 978
152,414
70, 148
60, 607
129.479
825, 435
159, 762
69, 739
76, 108
127, 476
800, 689
186, 780
55, 534
68,016
154 668
874, 642
133, 430
44, 835
54, 783
131 682
714, 482
134 323
53 436
63, 030
141 730
775' 785
137 969
55*716
64, 984
133 096
722, 730
157 721
65 788
62, 689
165 744
957, 355
197, 227
41, 340
23, 677
70, 335
14, 463
24, 930
196, 812
21, 175
20, 617
90, 883
14, 795
19, 327
196, 970
35, 154
19, 726
73, 083
14, 735
25, 696
245, 254
37, 165
20, 044
88,178
15, 525
52, 876
242, 957
40, 168
22, 243
77, 878
17, 297
41, 531
280, 338
44, 570
20, 031
85, 747
20, 174
40, 868
301,461
68, 347
18, 294
70, 227
22, 167
52, 532
204, 987
54, 136
15,755
55, 895
15, 950
26,710
235, 570
71,415
19, 169
66, 052
20, 005
16, 451
243, 765
80. 369
22, 105
59, 301
15, 060
17, 826
258, 227
78, 980
21, 274
65, 146
21.800
22, 355
1,219,300
142, 195
71, 700
33, 831
45, 817
1,177,935
134, 401
70, 433
35, 556
41, 827
1,151,996
112,876
65, 670
33, 107
36, 335
978, 267
97, 538
62, 010
36. 438
33, 229
999, 749
99, 481
77, 759
35, 593
36, 227
995,125
83, 891
70, 601
35, 164
38, 481
953, 437 1,038,179
82, 773
94, 660
69, 931
82, 305
27, 837
18, 483
39, 424
44,615
874, 224
100, 614
64, 245
18 ?61
39, 822
932, 734
113,927
73, 166
15 669
39' 077
870, 730 1,151,071
102, 837
147, 193
66, 613
103. 184
15 521
23 309
r 35 791
49 9134
278, 619
16, 278
32, 954
76, 254
26, 605
115, 931
266, 214
14, 705
32. 890
74, 312
23, 165
111, 680
238, 612
14,032
26, 756
62, 529
22, 777
103, 624
214, 577
12,411
23, 922
58, 240
16,619
96, 106
238, 343
11,367
27, 081
62, 069
21,519
105, 424
221, 589
7,416
24, 828
64, 098
19, 868
94, 783
213, 727
6, 682
24, 479
58,717
18, 125
95, 010
192, 899
8, 846
20, 027
56, 513
16, 235
82, 577
217, 501
11,107
24, 829
56, 890
20, 699
94, 039
198, 970
13, 170
24,211
51, 613
11,859
90, 927
Northern North America
_ .
do _
Southern North America do
South America
do
Total exports by leading countries:A
Africa:
3,958
Fgvpt
do
18,365
Union of South Africa
.
do _.
Asia and Oceania:
11,086
Australia including New Guinea.
do
2, 560
British Malaya
do
0
ChinaO
do _.
12,898
India and Pakistan
do
50, 330
Japan
do
6,280
Indonesia
-do
39, 177
Republic of the Philippines
do
Europp:
39, 882
France
-do
29, 482
Germany
do
27, 844
Italy
do
3
Union of Soviet Socialist Republics
do
44, 112
United Kingdom...
__do
North and South America:
294,813
Can r-id a
do
253, 365
Latin American Republics, total
do
8,214
Argentina
.
do
24, 428
Brazil
do
7,118
Chile _ .
__do-__.
26, 844
Colombia
_ _ -.
do
34,315
Cuba
dc
48, 045
Mexico
__ _
_ _
do
46, 998
Venezuela.
_ _ _ do_-_
1,441
Exports of U. S. merchandise, totalt-.mil. of doL.
By economic classes:
139, 458
Crude materials . _
-thous. ofdol
75,511
Crude foodstuffs.
do. _„
55, 875
Manufactured foodstuffs and beverages, .do
113.759
Semimanufactures 9 _ .
__
do
1,056,508
Finished manufactures 9
do
By principal commodities:
221,811
Agricultural products, total. .
do
48, 278
Cotton , unmanufactured
..do
22, 572
Fruits, vegetables, and preparations
do
77, 033
Grains and preparations..
do
15,038
Packing-house products
do
30, 657
Tobacco and manufactures.
____do
Nonagricultural products, total
Automobiles, parts, and accessories
Chemicals and related products!
Coal and related fuels
Iron and .steel-mill products
Machinery, total§_
Agricultural
Tractors, parts, and accessories
Electrical §
Metalworking§
Other industrial
Petroleum and products
Textiles and manufactures
_
do
do
do
do
..do
,._do__._
do
do
do
do
do
do
do
56, 083
58, 193
56, 958
52, 234 i
248, 795
7,831
27, 993
65, 096
23, 064
112, 997
o
o
P i , 388
_ _-
"
297, 191
15,210
32, 154
77, 461
22. 761
135, 186
r
55, 787
54, 461
55, 009
53,910
58, 430
61 315
51 575
51 614
4 5 r)00
i9 119
47, 793 1 45, 007
56, 302 i
55,935 i
53. 218 i
oo, 214
47, 532
52^ 312
43,961
65! 593
Revised,
v Preliminary,
a Revisions for 1952 and January 1953 will be shown later
(BExcludes '^special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
r™ • . . .
. .
tal Security Program.
Total "ksP"shipments are as fallows (mil. dol.): May 1953-May 195
AExcludes shipments under MSP and "special <
_„_. „
.uary 1952,
9 Data for semimanufactures
reported as "special category type 1" are included with finished manufactures.
§Excludes "special category type reexports"
r
1
r
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
Julv 1!>54
1954
1953
May
June
July
August
September
October
November
December
January
February
March
April
May
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valuecf —Continued
General imports, total
thous . o f dol . .
By geographic regions:
\frica
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.
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
-_ - - d o _ _
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
dc
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_-
r
901, 538
933, 005
907, 623
841,048
925, 328
913,167
848, 948
907, 692
833,003
809, 724
857, 214
50, 510
163, 742
194,917
209, 972
103, 905
178,492
44, 781
174, 560
200,184
222. 638
102, 227
188, 614
43, 010
145, 452
204, 181
204. 113
102, 930
207, 936
44, 568
144, 884
178,909
204, 332
94, 714
173, 642
44, 537
154,099
202, 287
204, 330
80, 389
239, 686
48, 269
139,020
197,997
201, 636
60, 378
165,871
50, 059
134,647
196,115
207, 908
72, 240
187,978
59, 790
126,544
184,572
211,715
104, 949
220, 122
55, 750
124,751
159,916
161,137
129, 787
201,663
60, 948
118,915
155, 743
172, 593
133, 550
167, 977
49, 774
119, 609
147, 645
203, 182
143, 987
193, 022
2,497
5,499
1,262
7, 786
1,589
6, 361
786
7, 273
1,632
7,099
606
6,918
975
7,637
1,149
8, 248
1,433
6,613
1,178
6, 846
3, 037
9,170
4, 083
8, 253
11,285
20, 21 1
499
22, 01 1
21,137
18,023
25, 934
12,527
18. 978
265
22, 579
22, 552
22, 056
34, 521
8, 561
15,332
601
19,421
23, 727
20, 974
24, 654
13. 020
14,854
1,538
15,559
26,491
14,912
22, 287
8,828
14, 669
537
18, 891
23, 489
20, 228
27, 353
7,523
14, 884
1,291
21,353
21,917
14, 597
20.157
12,436
13, 307
361
20, 085
21, 557
14, 291
19,493
12,105
13, 898
917
19,903
17,867
13,169
17, 759
12, 273
11,484
633
20,375
17, 693
12,577
18, 535
8,361
10, 523
435
20, 932
15, 563
12,369
19, 338
4,989
11,476
374
21,491
16, 178
10,714
19, 393
15, 474
13, 137
1,957
20, 656
29, 510
13, 542
29, 362
14,417
22, 936
13, 209
876
45, 629
1 7, 885
25, 483
11,549
1,128
44, 395
20, 471
24, 388
12 725
1,134
54,076
13,963
22, 889
11,470
585
44, 527
14,385
25,169
12.161
594
48,132
14,292
25,411
14 701
929
44, 790
14,984
22, 892
18 142
624
42,512
12,626
20, 939
13 336
577
40, 769
11,008
21.511
8 776
711
36,911
10,901
17, 965
11 655
717
37, 464
10,278
18, 983
10 711
854
37. 861
15, 259
28, 603
12 719
1.342
48. 370
209, 961
267, 151
14, 577
43, 1 97
27, 1 70
35, 066
40, 252
26, 993
37,177
890, 946
222, 472
274, 424
16,088
48,619
30, 403
33, 927
39, 632
28, 840
34, 21 6
923, 982
203. 938
294, 529
27, 731
56 775
20, 278
41,713
40, 680
26, 207
35, 643
892 610
204, 1 59
253, 655
9, 959
48, 030
17,178
42, 827
45, 095
23, 263
35, 791
835,452
203, 842
305, 023
11,173
100 594
11,744
52, 658
37, 530
18,442
41,035
928 130
201 , 441
212,168
11,426
56 969
13.511
27, 286
19.641
19.619
35, 845
822 015
207, 660
239,125
7,513
79 480
6,892
35, 061
1 7, 528
21,101
35, 564
838 233
21 1 , 639
301,367
6. 333
91 144
8,099
51, 134
22, 429
27,187
42, 225
895 958
161,075
309, 645
5, 103
80 984
13, 832
37, 954
33, 624
31,695
42 639
842 609
172, 540
277, 769
7,410
49 765
13,782
39,911
36, 710
34, 023
38, 067
816 706
203, 150
317, 260
10, 447
61 501
14, 183
41,881
43, 656
40, 354
47, 129
873 400
185, 879
324. 694
13, 539
84 707
12,410
3S, 629
48, 058
37, 854
41, 598
943 076
219, 157
150,638
99, 382
239, 032
182, 732
228, 003
148, 033
104, 735
259, 436
1 83, 776
21 6, 033
157,752
101, 381
231 , 868
185,576
202, 744
146,711
95, 351
221.208
169,438
226, 1 08
208,542
99,423
211,458
182,598
210 097
141,224
81 . 572
199, 990
189, 132
197,488
193, 516
79, 388
185,154
182,657
203, 527
247, 291
75,445
186,412
183, 282
206, 580
232, 8-13
81,626
174,1)88
146, 572
196, 282
202, 984
88, 067
166, 544
162, 829
208, 531
208, 506
97, 908
182, 716
175,740
197, 819
241.098
123, 309
182, 939
197, 910
331,406
1 7, 390
87, 985
8,110
29.106
42, 786
24, 240
559 540
5, 529
328, 394
17,282
88,413
9, 1 62
30,217
49, 070
22, 191
595 587
6, 468
327, 435
13,754
102, 599
6, 405
26,445
43, 058
27, 81 5
565 175
5. 506
302, 521
9, 343
92, 939
6, 502
21 . 683
43. 779
19. 485
532,931
5. 596
382, 231
7, 551
155.948
6, 667
27, 375
40, 400
21 . 904
545 898
5, 1 86
272,174
6, 250
90. 356
4,226
21 . 881
20. 588
20, 546
549 84*2
3.917
321 , 877
5,819
131,057
4,103
23, 1 77
1 5, 937
16,908
516 357
3,081
372, 2K3
23, 929
174,929
3, 775
19, 701
1 6, 91 6
14,580
523 695
7 924
371, 131
35, 681
162, 4",s
3,474
18. 678
32, OOrt
19,401
471 47S
6 844
339, 756
25, 102
140, 745
3,132
17, 080
36 852
14, 636
476 951
7 540
361,964
11.940
158, 351
4, 215
18, 855
45 467
18, 975
511 436
5 023
427, 679
16,317
175, 751
6, 016
19, 461
52 405
22, 523
515 397
6 494
118,926
44, 439
22, 275
25, 003
48, 600
62, 51 6
136,928
51,172
22, 989
27, 082
50. 828
61 , 049
1 1 3, 520
41,501
1 9, 384
22, 824
48.314
59.457
109. 1 85
31,009
«• 1 7, 585
27. 802
51 , 934
58, 201
1 05, 522
35, 075
14,997
25, 755
48,122
07, 861
97, 1 77
31,509
17,840
26, 606
52, 514
64,157
87, 639
19,236
16,215
24,712
49, 444
67, 400
88, 697
1 9. 305
18 737
23, 381
53. 630
76, 506
91,097
20, 899
18 911
20, 657
42, 423
70, 314
88, 875
32, 246
12 629
24, 873
46, 515
66, 982
96, 889
26, 202
13 665
24, 920
53, 567
74, 328
88. 069
27, 982
I 9 286
20, 532
47, 597
61, 873
r
r
957, 201
P 81 9, 000
70, 444
159, 985
197,417 1
185,912 !
133, 205
210, 239
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
42, 004
41,782
39, 550
40, 238
40, 935
39, 51 7
37 765
39 361
39 035
37 345
41 402
41 60?
Miles flown revenue
thousand*^
13, 650
13, 992
13, 426
14, 033
14, 768
16, 380
13,494
14,485
16, 945
12, 880
14, 735
14 987
Express and freight ton-miles
flown
do
5,874
5, 352
5, 541
5,400
6 093
8,834
6,816
5, 557
6, 313
6, 134
6 778
6 070
Mail ton-miles flown
do
2, 409
2, 265
2, 385
2, 354
2,334
2,321
2 023
2, 083
2, 256
2,015
2,038
2, 493
Passengers carried, revenue
-do
1, 218, 245 1,320,710 1 , 305, 097 1. 332, 565 1,261,366 1,225,997 1,064,211 1, 166, 586 1,175,797 1,116,969 1, 256, 754 1,341,682
Passenger-miles flown , revenue
do
Express Operations
38, 974
31, 162
34, 161
31 , 032
33, 728
32,613
30, 626
27, 425
29, 890
Transportation revenues .
thous. of dol _ _
27, 850
33. 063
31,215
12, 166
14. 438
11, 410
12, 845
15. 157
16 557
8 768
11 918
Q 502
10, 536
13 977
12 492
Express privilege payments
do
Local Transit Lines
12. 9386
12.9767
13.0127
12. 8432
12.8941
13.0657
13. 184c
13.2203
13. 3559
13. 5559
Fares, a verage cash ratef
cents . . 12. 8008
13. 2521
865
944
831
885
862
927
94f>
905
-971
878
803
874
Passengers carried, revenue- . - . _ _
millions-.
121, 500
118,300
126, 600
121, 100
132, 900
142, 200
120, 500
127,700
125. 200
Ope ratins: revenues
thous. of dol
119 800
130,400
129 200
Class I Motor Carriers (Intercity)
Carriers of propertv (quarterly totals) :§
1, 062
1 053
Number of reporting carriers
1, 057
598, 401
609, 769
598 137
Operating revenues total
thous of dol
574, 343
574, 547
605. 884
Expense^, total
-do
32, 727
33, 563
31, 867
Revenue freight carried
thous. of tons. .
13. 6462
834
Carriers of passengers (quarterly totals):
166
168
165
Number of reporting carriers
170
"
102, 976
11 5, 868
Operating revenues, total
thous. of dol
93, 969
79 8S'i
95 247
89, 974
Expenses total
do
90 005
82 016
92, 853
91, 406
84. 726
Revenue passengers carried „ _ . _
thousands. .
85,341
r
Revised.
v Preliminary.
^Revisions for 1952 and January 1953 will be shown later.
©Including Manchuria beginning January 1952.
§It should be noted that data for 1938-44 shown in BUSINESS STATISTICS (1953 edition) are not comparable with subsequent data in that volume and in the SURVEY beginning with the
October 1953 issue. The data through 1944 cover reporting intercity common carriers of all types of commodities, whereas later data are for carriers of general commodities only (i. e., -they
exclude carriers of special commodities and intercity contract carriers). Data for 1945 for carriers of all types, comparable with earlier data, are as follows: Number of reporting carriers. 1.4-OSt
operating revenues, $185,132,000; expenses, $134.708,000; 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 CURRENT BUSINESS
Julv
f [ nless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-23
1954
1953
May
June
July
August
September
October
November
December
January
February
March
April
May
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class I Steam Railways
7reight carloadings (A. A. R.):d*
^otal cars
thousands
Ooal
do. ..
Coke
do
Forest products
do_
Grain and grain products
- _do
Livestock
do
Ore
do
Merchandise 1 c 1
do
Miscellaneous
do
Freight car-loadings (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
3,883
626
71
217
215
41
438
346
1,929
3,204
540
56
186
219
29
369
268
1, 537
2,964
397
50
172
236
25
378
257
1,450
4,022
678
64
238
254
38
473
347
1,930
3, 153
532
49
176
198
40
361
271
1,526
4,024
668
63
222
279
76
377
359
1,980
2,797
485
47
168
188
47
179
259
1,423
2,413
451
43
150
155
32
68
236
1,279
2,967
584
49
175
208
37
80
286
1,548
2,462
421
37
158
173
24
63
253
1,332
2,412
383
34
156
166
28
58
261
1,325
2,445
378
31
157
162
31
79
253
1,356
3, 345
507
37
205
228
38
303
309
1, 718
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
1.50
135
110
160
144
157
108
263
45
149
124
104
155
142
137
86
160
43
140
108
97
142
120
112
56
62
38
124
108
100
126
122
124
56
58
38
122
107
87
116
128
122
43
55
40
126
105
78
105
126
117
51
51
41
125
108
79
96
127
118
55
88
40
128
114
S4
93
133
127
5.'>
221
39
13(1
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
Mo
126
114
164
137
131
59
216
43
139
126
110
163
136
157
70
172
44
137
122
104
155
145
140
69
172
42
134
117
97
135
135
119
58
201
40
132
120
100
120
136
124
58
231
39
133
117
87
109
133
124
54
222
41
134
112
78
104
126
127
6-4
177
41
132
111
79
98
127
134
O9
r
136
39
130
112
S4
94
128
144
58
130
39
128
25, 302
7,511
7, 400
4,129
3, 111
673
32, 717
2,315
23, 982
3.934
3,400
246
21,134
2, 761
9,715
2, 486
1,769
525
11,074
1,710
1,202
3,546
2, 530
953
7, 173
730
1,609
4, 346
3, 326
915
25, 326
3,381
16, 656
1,388
1, 125
167
85, 062
17,637
56, 383
153
119
15
120,957
33, 501
79. 358
366
247
20
112,442
22, 045
78, 680
465
330
22
130, 775
21,318
98. 605
200
181
6
136,335
22, 908
100,848
?01
245
0
120,845
23, 009
88, 590
393
375
15
924, 362
776, 260
75, 342
688, 949
925, 949
773, 517
79, 704
701, 399
924, 754
773, 524
76, 799
689, 467
904, 263
763, 094
66, 111
673, 210
934, 304
794, 329
62, 747
693, 896
832, 363
702, 006
61, 766
657, 496
815,400
661, 347
74, 531
697, 038
749, 826
617,122
69, 994
626, 800
722, 334
602, 716
57, 437
586, 934
802, 534
674, 217
58, 546
629, 993
705 903
637, 994
59 045
Oil 773
705, 121
038. 974
(56, 395
010, 844
135, 740
99, 673
79, 232
130, 122
94, 428
71 . 988
13.:, 651
101,636
81, 526
131,112
99, 942
80, 493
133,076
107, 331
87, 679
96, 3 10
78, 526
58, 960
40, 445
77,917
72, 108
90, 446
32, 574
17, 594
90, 983
44,418
21 , 545
102,912
69 028
48, 804
94, 149
00, 041
38 709
89, 390
58.8S1
55, 194
1.474
2, 830
53, 746
1.509
3, 106
57, 490
1.416
2, 965
54. 039
1.470
2, 514
57, 276
1. 453
2, 367
49, 763
1.466
2.297
45, 166
1.520
2,770
46, 107
1.411
2,635
43, 047
1, 459
2.129
40 190
1 . 509
2,191
45 294
1 407
2,221
9,574
6, 695
2, 879
9, 943
6, 755
3,188
9, 552
6,702
2, 850
9.793
6, 699
3, 093
9,388
6,488
2, 900
8,654
5,776
2,878
8, 069
5, 657
2, 412
7, 092
5. 431
2, 202
7, 707
5, 373
2, 334
3,265
1, 045
3, 236
1,029
3,265
1,056
2, 934
1,004
3,115
1,058
3, 104
952
3, 587
1,026
3, 159
909
2,901
777
3, 533
940
6.51
77
274
7.04
77
270
6. 71
71
239
7.44
73
250
7. 26
76
256
7.49
80
262
7.53
71
243
6. 75
60
231
0. 90
72
242
7.04
75
247
69, 711
85, 632
48, 792
36, 071
53, 901
r
1, 032
83, 504
112,186
50.154
39, 490
44, 057
2, 439
101,430
119,703
55, 838
43. 0'>9
36, 929
4,004
123, 344
91,919
56, 963
42, 878
26, 472
4,040
116,023
69, 703
62, 355
41, 839
23, 999
2,005
83, 717
56, 746
52, 454
35, 906
21, 103
1, 102
67,611
50, 160
44, 460
31, 127
18,351
434
64, 038
55, 462
43, 379
35 332
21,398
29C
59, 348
64, 303
41,127
20 550
29, 069
286
656
8,622
693
9,120
656
8, 652
627
8, 268
614
8, 076
644
8, 447
593
7, 760
012
8,010
385, 809
228, 180
128, 219
386, 901
228, 995
128, 304
388, 856
227, 324
131, 298
383, 186
225, 723
126, 940
385, 576
228, 827
125, 827
399, 936
234, 531
133, 915
395, 803
235, 545
128, 289
278, 219
47, 103
42. 850
267, 821
47, 586
42, 956
279, 484
43, 386
43, 105
266, 141
46, 779
43, 234
272, 718
44, 997
43, 387
276,315
50, 474
43, 582
17, 977
15,835
1,346
18, 401
15, 802
1,820
17,617
16,332 1
528
17, 221
15, 709
816
17, 233
15, 477
1,070
17, 340
15,543
1, 157
2,257
1, 855
194
2,315
1,777
333
2,344
1,946
180 !
2, 370
1,803 j
355 I
2,574
1, 820
522
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
130
Total adjusted
do. _
106
Coal
. .- .- do
183
Coke
do
137
Forest products
-- do__
141
Grain and grain products
do
65
"Livestock
.
do_
237
Ore
do_-_
45
Merchandise, 1. c. 1
do.
146
Miscellaneous
- ...
_. do._.
Freight-car surplus and shortage, daily average:
40, 222
Car surplus, total . ._ _ .
. .
number _.
12, 461
Box cars
do
16, 278
Gondolas and open hoppers
.
do,. _
2,269
Car shortage, total
do
1, 385
Boxcars
do
527
Gondolas and open hoppers
do.
Finanoial operations:
r
901, 644
Operating revenues, total
thous. of do!
' 763, 056
Freight
_. ._. ._ do
66, 880
Passenger
do
T
680, 521
Operating expenses
.- ._
do
Tax accruals, joint facility and equipment rents r
thous. of doL. r125, 735
95, 387
Net railway operating income
. . do
74, 420
Net income
do
Operating results:
56, 296
Freight carried 1 mile
mil of ton-miles
1.429
Revenue per ton-mile
cents
2, 490
Passengers carried 1 mile, revenue
millions. Waterway Traffic
Clearances, vessels in foreign trade:
9, 895
Total II S port5*
thous oinet tons
6, 613
Foreign
do
3, 282
United States
do
Panama Canal:
3, 153
Total
thous. of long tons
1,064
Tn United States vessels
do
r
3, 408
977
3, 475
1,038
0. 75
74
232
7.43
73
251
6.71
75
277
62, 290
68, 080
34,617
94 835
34, 695
364
76, 01 1
70 910
44 905
30 505
53, 990
395
72, 722
58, 430
054
783
10. 278
620
8,151
621
8, 100
570
7, 559
410,793
240, 455
1 37, 870
3S9, 014
238, 752
127, 521
388 373
235, 457
120, 348
410 977
241 184
130, 479
408, 052
241,991
133, 437
271 313
50, 842
43, 750
289, 333
52. 273
43, 963
271,049
50,381
43, 915
264 804
48, 323
44, 040
937 130
48 277
44. 188
280 195
50,511
44, 350
15,872
14.570
689
1 7, 991
15, 721
1 , 668
15,795
14, 818
164
15 255
13, 873
598
17 525
15,074
1 028
17,089
14,824
1 442
2, 609
1,951 i
428
2,487
1 , 836
442
2,892
1,946
704
2, 480
1,862
390
2 485
1,839
433
2 800
1,870
731
2, 035
1,898
F01
2, 586
2, 168
301 '
2, 403
2,097 i
194 i
2,71]
2,3m
2%
2, 435
2. 166
134
2 346
2, 069
144
2 647
2; 211
'•?] i
2 4»)0
2. 153
20?
r
Travel
Hotels:
Average sale per occupied room
. dollars
Rooms occupied
percent of total
Restaurant sales index
same month 1929=100-.
Foreign travel:
U . S . citizens: Arrivals
. . . . number. .
Departures
do
Aliens' Arrivals*
do
Passports issued
do
National parks, visitors .
thousands
Pullman Co.:
Revenue passenger-miles
millions..
Passenger revenues
thous of dol
COMMUNICATIONS
Telephone carriers: 9
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
52, 115
56, 770
1, 190
r
Revised.
d"Data for May, August, and October 1953 and January and May 1954 are for 5 weeks; other months, 4 weeks.
*New series. Compiled by the U". S. Department of Justice, Immigration and Naturalization Service. Data relate to the arrivals and departures of aliens, by sea and by air, between ports
of the United States and noncontiguous foreign territory. These statistics do not include border crossers, seamen, military personnel, traffic between continental United States and insular
possessions, and cruise travelers. Data prior "to 1953 will be shown later. (Old series covered emigrant and immigrant aliens only.)
9 for beginning January 1954 cover 38 companies (those having an annual gross operating revenueof$l,000,000ormore). However, the smaller number of companies con tinues to account
Digitized DataFRASER the annual gross operating revenues of the industry.
for over 90 percent of
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July 1054
1* '53
May
June
July
August
1954
September
October
November
December
January
February
March
April
May
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production :J
Ammonia, synthetic anhydrous (commercial)
short tons...
Calcium arsenate (commercial)
do
Calcium carbide (commercial)
do
Carbon dioxide liquid ?as and solid
do .-Chlorine gas
-- -do
198, 556
0
65, 562
58 615
239 360
194 886
(i)
61 , 201
48 238
227 830
199. 907
(i)
65, 9
499
48 69
227 040
209 972
(i)
65, 321
45 591
227 955
206 358
(i)
53, 554
46 564
206 337
9
66, 498
82, 948
238, 619
195, 484
0)
64, 860
73 793
228, 826
37 535
(i)
65, 072
50 Q48
234 640
232 246
(i)
60, 295
58 994
231 336
62, 463
(i)
140, 268
1 , 992
195, 728
63, 425
0
144, 624
2. 1 25
214, 732
64, 936
0
145, 824
9
034
202, 463
66, 494
0)
159, 421
2 114
222, 797
64 099
(i)
157 485
1 933
204 545
62 806
9
78
164 129
1 891
196 946
62
1
161
1
248
362
0°6
134
908
636
57 666
1 063
152 456
1 765
234* 740
62 396
1 084
155 156
1 863
264 625
61 351
1 539
148' 261
1 742
263 010
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, 413
394 015
7, 954
262 119
378 658
7. 752
260 651
371 692
8,126
267 083
370 311
7,810
240 529
424 112
8, 525
278 210
404 856
10, 507
276 481
44, 433
41, 270
44, 436
48, 050
64, 740
52, 489
43, 957
46 608
46 184
58, 458
49 144
78, 818
75, 609
77, 869
78, 067
81,479
79, 857
72, 868
71, 468
70 615
70, 787
64 569
1,163,791 1,155,529
1,131,309
1,115,524
1,210,900
192, 424
216
69, 703
66,194
241, 177
185, 194
(')
65, 371
77, 859
235, 153
185,515
(')
69, 603
83, 907
241,110
193,932
65, 890
Hydrochloric a^id (100% HCD
_. do
964
I>ead arsenat^ (acid and basic^
do
Nitric acid (100% TTNO3)
do ... 134, 352
2,197
Oxwen (hisrh puritv^
mil of cu. ft
218, 427
Phosphoric acid (50% H^PO^
short tons
Soda ash, ammonia-soda process (08-100%
438, 427
Nf^Cfh)
short tons
10, 534
Sodium bichromate and chromate,
do —
288, 216
Sodinm hvdroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)
54, 037
short tons..
Sodium sulfate, Glauber's salt and crude salt cake
78, 422
short tons.
Snlfuric acid:
1, 257, 882
Production (100% HjSO^
do
Price, wholesale, 66°, tanks, at works
20.00
dol. per short ton..
Organic chemicals:
Acetic acid (synthetic and natural), production
42, 105
thous. of lb_.
71, 065
Acetic anhydride, production
. do
1,278
Acetvlsalicylic acid (aspirin), production do
Alcohol, ethyl:
43, 399
Production
_.
thous. of proof gal..
78, 581
Stocks total
. .. dc
In industrial alcohol bonded warehouses
thous. of proof gal. . 54, 872
23, 709
In denaturin" plants
do
35, 640
Used for denature tion
do __
2,030
Withdrawn tax-naid
do
Alcohol, denatured:
19, 231
Production
thcus of wine gal
21,845
Consumption (withdrawals)
do __
8,814
Stocks
. ,
-do
14,015
Creosote oil. production
thous. of gil
6.004
Ethyl acetate (85%). production
thous. of lb__
Glycerin, refined (100% basis):
Hisrh gravity and yellow distilled:
6,993
Production
do
6,787
Consumption
__ __ do
15, 912
Stocks
do
Chemically pure:
14,331
Production
do
7,698
Consumption _
__
do
24, 049
Stocks
do
Methanol, production:
204
Natural (100%H
_.. thous. of gal. _
12,553
Synthetic (100%^
-. . do
18, 181
Phthalic anhydride, production
thous. of lb_.
63, 342
822
134, 227
2, 035
198, 325
0)
1,207,586 1,166,«96
1,182,419 1 092 447 1,223,936 1 189 694
22.35
22. 35
22. 35
22. 35
22.35
22.35
22. 35
22,35
22.35
22.35
22.35
40. 219
74, 568
1,117
48, S71
82, 359
959
44, 546
75, 406
1,111
40, 595
72, 051
1,071
36, 579
62, 567
1,298
36,515
49, 075
1, 056
39, 760
51,786
987
38, 979
51 863
1,105
28, 804
47 823
1 213
39,012
48, 469
1,192
37 113
52 836
1 337
40, 645
72, 518
39, 034
75, 501
31,934
71,878
28, 995
65, 274
29, 033
58, 565
30, 245
56. 514
26,312
54, 152
27,112
51 , 403
23,912
47 59Q
32, 594
46, 976
35, 465
44 347
36, 521
46 531
53,812
18, 706
37, 475
2,206
53, 731
21.770
36, 557
2,106
50,361
21,514
35. 346
1,944
47, 978
17,296
33, 538
2,218
41, 108
17, 457
34, 685
1,538
38. 322
18 192
31,583
1,194
35, 762
18, 390
27, 880
962
33, 204
18 199
28 122
982
28, 138
19 452
26 171
1 113
26, 183
20 794
33 664
978
24, 97H
19 368
33 676
644
25, 850
20 681
32 636
725
20, 126
23, 311
6,844
13, 570
8,200
« 19, 649
o 020, 890
5, 575
11,448
7,343
19, 0*8
17, 861
6, 8H3
13, 683
4,995
18, 083
18,317
6,552
12, 272
7,356
18, 781
17, 109
8,230
12,114
6,478
17 057
16. 580
8,702
13 533
5, 165
15,149
17, 451
6,412
11,485
5, 859
15 213
16 210
5.42 1
10 208
5,909
14 171
13' 332
6 603
9 852
3,018
18 178
17 206
7 637
14 792
6,000
18 17*>
18 430
7 377
15 750
1 849
17 574
17 582
7 377
7, 653
6, 265
17, 999
6, 151
6, 037
16, 591
5, 235
6,400
15,834
7, 783
6,498
16, 529
6,103
6,883
15, 384
7.135
6, 136
16 712
5, 798
5, 630
17, 259
6 325
5,820
17 464
6 675
5 756
18 294
6 804
5, 576
19 084
5 013
6*461
!8 422
5 475
6' 685
18* 775
12, 234
9,021
25, 774
10, 747
8. 536
25, 580
12,797
8,899
25, 813
11,322
8,877
24, 605
15, 966
9,618
26, 142
11, 203
8, 558
25, 144
15, 1 42
8,718
27, 689
12 743
8, 706
28,645
11 238
8 809
27, 986
14 099
9,647
28, 941
13 113
9 229
29, 259
11 654
8 418
27, 120
189
12. 683
18, 059
146
14, 326
20, 375
165
13, 861
19, 659
139
13, 603
18, 459
126
13, 941
16, 235
173
13, 973
18, 848
165
14,151
19, 133
164
12,459
21, 409
169
12 063
19,215
172
14, 580
20, 277
170
14 079
23 258
426
311, 892
7, 367
295, 012
5, 463
'202
272, 139
6, 425
254, 557
5, 507
2228
296, 632
5.484
277, 369
6, 913
2304
237,215
5, 063
212.130
7, 958
2429
307, 471
15,029
274, 173
6, 967
2362
248, 717
7,023
223,310
6,831
2399
302, 167
38, 206
252, 284
7, 325
2512
211,682
25 205
180,810
' 4, 590
2
1,111
197, 702
40 160
148 378
6 519
2
1,772
273, 388
16 766
242,731
10, 444
2
1 717
239 183
13 2^9
20') 51*)
10 057
166, 587
133, 866
22, 949
8,694
9, 288
179 010
139, 272
7, 561
7 813
10, 732
207, 352
142,088
0
19, 907
21,597
152 784
112,153
39 832
8 783
18, 320
183 504 r 242 713
143, 369 r 204 033
45 769
65 277
9 553
13 069
20, 884
11 271
252
207
44
10
13
607
263
454
909
324
338 283
259* 781
89 083
3 725
33 633
33S
243
85
14
38
53.00
125,933
53.00
155. 234
53. 00
196 283
53 00
261 059
53 00
221 146
173, 747
290, 794
183 643
306, 774
187 464
286 325
227 694
234 936
214 269
185 910
r
r
" 22. 35
FERTILIZERS
Consumption (12 States)!
Exports, total t Nitrogenous materials
Phosphate materials!
Potash materials _.
910
thous. of short tons..
- short tons . 230, 296
5,650
do
214, 016
.
do
d o _ _ _ 6,101
300, 172
244, 935
168 940
Imports totalt
do
239, 833 200, 676
132, 082
Nitrogenous materials, total
_ do
92,119
86, 555
19, 489
Nitrate of soda
do
5,080
10, 978
8.434
Phosphate materialst
do
13, 819
10, 423
14, 686
Potash materials
.
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
57.00
57.00
57. 00
port wn rehouses
_ dol. per short ton
142, 816
130,815
108, 479
Potash deliveries
short tons
Superphosphate (100% A.P.A.)cf
'
Production
_ short tons 3 '201, 072 f 1 68, 664 r 155, 831
3 -190, 574 ' 224, 185 241, 028
Stocks, end of month
-.
do
57. 00
133. 370
r
T
165,429
253, 737
53. 00
117, 982
53. 00
132, 228
r
r
164 87H
257, 903
r
r
53.00
123,839
T
172. 830 161 878
257, 069 ' 274, 533
r
r
161
103
533
808
073
v 53 00
147 °75
NAVAL STORES
Rosin (gum and wood):
Production, semiannual total. drums (520 lb.)_
927,010
817 950
Stocks, end of period .. ._
do
911, 120
828 OSO
Price, gum, wholesale, "WG" grade (N. Y.), bulk
8.60
8.45
8.70
8.35
8.75
9.00
8.60
dol. per 100 Ib..
8.85
9.00
9.00
9.00
8.75
"8.75
Turperitine (gum and wood):
Production, semiannual total
bbl. (50 gal.). _
297, 270
240, 580
Stocks, end of period
do
213, 770
196 910
.59
.59
.59
.59
.60
Price, gum, wholesale (N. Y.)---.-.dol. per gal..
.59
.61
.59
.61
.60
.60
.60
".60
r
J
3
Revised.
p Preliminary.
Not available for publication.
2 Data for 10 States, excluding Indiana and Missouri.
See note marked " cf".
{Revisions for 1952 (also 1951 for ammonia and hydrochloric acid) 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 Ctho'^s. short tons): Virginia—1952—July-September. 90; October-December, 100; 1953—January-March, 319; April-June, 322; July-September, 79; October-December, 80; 1054—January-March, 305; Kentucky—1952—July-December, 225:1953—January-June,
cfPrior to the October 1953 SURVEY, data were shown in short tons of 18% A. P/A. (available phosphoric acid). Revisions for January-April 1953 (short tons): Production, 179, 747- 179 125'
204,373; 219,896; stocks, 287,535; 265,834; 215,127; 171,206.
"
'
a
Revisions for July 1952 (units above): Production, 19,047; consumption, 17,456; stocks, 9,126.
SURVEY OF CURRENT BUSINESS
July 1954
S-25
1954
1953
Unless other-wise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
June
July
August
September
October
November
December
January
February
March
April
May
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. oflb_.
High explosives
do
Sulfur:
Production
thous. of long tons. _
Stocks
- _-do
553
64, 562
503
64, 765
579
61, 167
754
68, 185
918
67, 850
1,000
70, 924
971
62, 886
1, 027
54, 621
1,061
52, 752
455
2,867
419
2,920
424
2,960
451
3,037
416
3,059
431
3,057
370
438
3,022
469
437
3. 090
465
3,170
3, 239
445
3, 023
3,190
3. 193
311,131
126, 654
431, 798
300, 366
116,414
413, 191
291, 364
101, 330
380, 414
276, 369
107, 346
318, 383
282, 060
121, 630
280, 903
334, 269
135, 312
249, 836
367, 294
129, 469
252 586
362, 958
128, 535
264 848
354, 916
124, 832
269 246
309, 854
123, 883
257 901
325, 236
133, 470
268 342
310, 169
118,886
262 682
304, 763
119 467
262 393
52, 336
33, 926
105,053
50, 838
32, 625
99, 715
46,140
23, 966
106, 866
45, 152
31, 879
103, 388
43, 702
30, 324
102, 327
47, 945
36, 705
91, 557
51 774
35, 930
86, 410
48 359
29, 443
81,970
49, 251
27, 084
83, 322
47 667
29 878
74 698
46 502
31, 977
72, 430
47 681
28 431
64, 371
49 641
22 606
69, 182
8,000
12, 989
46, 731
18, 087
10, 672
46, 797
27, 357
11,148
51, 287
28, 839
10, 246
74, 408
30, 052
12, 035
90, 397
15, 939
12, 762
92, 126
2,933
11, 138
79, 383
5,296
9 302
72,711
358
9,070
68, 768
9 171
46, 297
10 697
41, 170
2, 066
13 768
37, 253
8, 317
11 047
34, 753
415
458
369
446
322
378
379
426
451
476
618
559
581
569
592
536
595
537
545
523
542
556
475
521
429
495
943
997
1,148
1,256
1,025
1,323
1 337
1,035
55, 303
941
54, 756
931
55, 918
472
786
55 330
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production}:
thous. of l b _ _
Consumption, factory
do
Stocks end of month
do
Greases:
Production
do
Consumption, factory
do __
Stocks, end of month
__do
Fish oils:
Production^
_
do
Consumption, factory
do
Stocks, end of month
.
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production crudet
mil. o f l b
Consumption, crude, factoryt
do
Stocks, end of month:t
Crude
do
Refined
do
1,052
1,072
985
1,095
970
1,077
912
925
959
1,052
1,050
1,083
840
371
995
r
985
1,323
r
911
786
1, 307
1,223
19, 163
18, 942
15, 915
24, 499
18, 622
34, 728
41,846
57, 676
78 866
Exports
thous. oflb
80 988
83 113
119 801
44, 941
89, 294
34, 838
30, 146
32, 396
33, 438
38, 229
29, 458
Imports, totalt ..
._ __
do
43, 053
44, 439
24, 502
21 315
1,194
2,336
2,644
2,826
2,028
3,816
2,193
2 746
Paint oils
do
8,186
9 017
7 453
1 368
42, 604
33, 644
36, 650
31,410
27, 320
30, 203
30, 043
25, 642
All other vegetable oilsj
do
34 036
23 134
36 986
18 569
Copra:
23, 958
29, 421
33, 743
28, 337
29, 498
27, 497
Consumption, factory
short tons. . 25, 546
30, 074
29, 646
27 599
27, 066
23 030
27, 480
18, 786
15,997
14,416
16, 198
17, 895
13, 272
15 715
Stocks, end of month
do
12 504
12 569
8 181
10 433
15 130
r
22, 263
18, 883
25, 243
72, 839
29, 423
37, 371
25, 371
Imports
._
do ..
34, 128
27 274
19 201
26' 476
26 231
Coconut or copra oil:
Production:
32, 318
31, 280
37, 590
35, 997
43, 066
37, 129
Crude
thous. oflb _
35, 028
35 294
38, 337
35 4S1
38 415
35 863
29 498
26, 959
26, 372
29, 970
31, 411
28, 843
31. 763
25, 938
Refined
do
27, 982
37 407
26, 569
30 122
26 618
32 939
Consumption, factory:
39, 125
43, 527
45, 273
45, 597
46, 845
47, 498
43, 428
42, 548
42, 673
57, 539
Crude
_
_
do
45 550
46 730
50 243
23,063
22, 478
27, 053
27, 356
27, 318
29, 108
23, 010
22 544
Refined
do
27 788
22 3t>9
33 455
27 072
30 309
Stocks, end of month:
38, 685
41, 803
41,113
37, 393
53, 116
46, 250
54, 809
69. 403
Crude
do
49 372
60 680
66 970
45 345
43 216
8,732
8,759
7,723
9,019
9, 540
11, 260
13, 650
Refined
-do
13,843
16. 249
10 625
10 691
8 884
10 437
9,896
8,013
7,079
12, 258
11, 774
10, 975
17, 550
7 051
Imports
do
13 625
15 868
14 648
6 709
Cottonseed:!
14
44
113
276
1,860
1, 323
1,397
Receipts at mills.
_ -thous. of short tons..
237
810
113
50
22
28
155
266
208
182
510
778
470
Consumption (crush) _
do .
763
712
598
624
356
718
361
155
197
1,064
2,146
Stocks at mills, end of month
do .
250
2,780
2, 865
2,390
1 332
556
891
1 879
Cottonseed cake and meal:|
75, 673
99, 667
371, 321
86, 379
241, 458
361, 549
Production _
short tons _. 129, 515
334, 973
340 919
219 851
294 423
278 124
161 713
i 91, 549
i 140, 897 i 122, 619
i 69, 948 i 112, 687 463,838 1 163, 022 1 109, 700 1 109, 229 i 146, 087 i 167, 313 1 177, 739 i 193, 472
Stocks at mills, end of month §
do
Cottonseed oil, crude :t
95, 387
55, 418
74, 529
157, 634
251, 701
57, 397
Production
thous. oflb
249, 924
234 465
207 447
232 230
200 632
161 955
124 212
84, 671
42, 451
56, 418
134, 001
Stocks, end of month
.do
37, 830
89, 090
143, 804
148, 742
183,105
184 165
184 799
84 728
129 705
Cottonseed oil, refined:
119,424
67, 740
96, 142
179, 751
59, 998
97, 992
221, 226
200 423
183 279
Product ion t
do
197 063
188 791
151 578
178 107
79, 258
68, 663
75, 610
83, 622
133, 253
151,011
89, 270
Consumption, factoryt do
131 421
135 286
141 894
167 039
174 462
176 259
15, 664
17, 430
19, 744
18, 144
29, 477
16. 724
30, 204
35,314
30, 952
In margarinet
do
33 425
34 600 r 38 165 r 38 113
916, 453
935, 273
928, 561
966, 498 1, 016, 037 1 109 455 L 152 554 1 177 790 l 160 736 l 147 144 1 061 214
918, 585
927, 026
Stocks, end of month §t
do
.233
.220
.233
.204
.206
.211
.190
Price, wholesale, drums (N. Y.)___dol. per lb_.
.201
.206
.193
'.213
.203
p. 213
Flaxseed:
2 35 813
Production (crop estimate)
thous. of bu
Oil mills:
1,221
1,609
1,311
Consumption
do .
2,452
2,849
2,200
2,157
2 687
2 731
2 519
2 266
1 954
2 079
2,063
2,064
1,449
Stocks, end of month
.do
1,738
1,943
4,720
5, 164
4 173
4 758
3 183
1 359
2 393
596
3.76
3.65
3.50
Price, wholesale, No. 1 (Minn.)
dol. per bu_.
3.56
3.88
3.85
3.93
4.02
4.00
3.89
3.92
3.93
3.99
Linseed oil, raw:
44 419
24, 497
31,975
26, 764
43, 904
Production
thous. o f l b 48, 842
57, 003
39, 685
54 274
52 087
50 439
38 784
40 343
42, 697
45, 511
41,131
49, 644
Consumption, factory
do
35, 747
42, 043
45, 690
42 280
35 655
32 012
37 349
36 362
35 141
599, 768
575, 613
588, 812
562, 033
556, 874
Stocks at factory, end of month t
...do
531, 901
558, 139
481, 025
517, 554
464, 289
466, 099
438, 266
375, 137
.150
.138
.145
.160
.142
Price, wholesale (Minneapolis)
dol. per lb_.
.156
.160
.153
.148
.140
P. 141
.145
••.141
Soybeans:
2
Production (crop estimate)
thous. of bu__
262, 341
20, 670
16, 338
17, 291
Consumption, factory..
do
21, 284
15, 652
I§, 684
20, 284
20, 758
20, 778
18, 873
19,252
17, 649
17, 545
34, 380
26, 905
18, 865
Stocks, end of month
....
do
7,613
61, 401
16, 631
61, 710
r 43 209
54 485
58 531
56 948
52 297
33 454
Soybean oil:
Production:
190, 086
179, 503
208, 660
173, 756
Crude
thous. oflb.. 226, 293
229, 966
219, 304
226, 320
228, 433
208, 706
213, 372
194, 526
193, 327
175, 291
185, 566
155, 987
Refined _
do
200, 180
214,418
192, 662
212,568
172 446
191 788
186 529
188 570
186 097
180 911
162, 942
166, 319
155, 641
Consumption, factory, refinedt....do
191, 992
218, 608
218, 495
188, 028
163, 834
174, 010
181, 253
183, 214 T 187, 113
182, 924
Stocks, end of month:
190, 873
166, 767
176,495
105, 352
161, 242
87, 907
122 021
Crude
--do
88 437
1 4.9 9H8
142 947
138 111
140 958
127 599
no /ion
-ino' Q<JI
100, 864
106, 456
93 779
62 353
69 052
74 423
82 103
Refinedt
do
80 822
99 466
95 000
98 466
.208
.208
.208
Price, wholesale, refined (N. ¥.).__ dol. per lb__
.166
.188
.170
.196
!l97
!l92
'.185
!l94
p. 204
.204
f
2
'Revised.
» Preliminary.
See note marked "§".
December 1 estimate.
JRevisions for 1952 will be shown later.
§Includes stocks owned by the Commodity Credit Corporation (beginning May 1953 for cake and meal and beginning 1952 for refined oil).
S-26
Julv
SURVEY OF CURRENT BUSINESS
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
June
July
August
September
October
November
December
January
Fetal-
March
April
May
124 242
26 516
116 538
23, 867
118.586
102, 844
25, 462
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS. OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts — Con,
Margarine:
Production cf1
thous. o f l b
Stocks (factory and warehouse) d71 -do
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)
dol. per lb._
Shortening:
Production
.
thous. of lb_
Stocks end of month
do. _
89, 896
20, 817
103, 203
20, 246
89 753
23, 366
96 053
18 372
114 574
19 350
136 217
16 38?
107 419
22' o?i
107 291
21 779
131 9^9
9
3 393
21 219
.284
.274
.274
.274
.264
.264
. 283
.283
.273
.273
. 273
r> . 283
118, 229
127,912
106, 815
126, 538
105, 858
113 700
130 906
100 911
152, 322
S9 140
172 988
84 ' 703
191 747
75 793
139 943
93 9^6
139 504
()9 000
155 909
93 443
178, 279
88 576
180. 323
8;] 881
177, 934
96 309
131,004
52, 352
78, 652
133, 275
50 970
82, 305
124, 953
48 641
76' 312
121, 687
47 970
73 717
119,213
116,432
92, 557
40 917
52 340
104, 632
39 877
64 755
100,013
46 734
69' 698
98, 539
40 709
57 830
117,808
45 793
73 420
39 915
60 098
46 799
7l' 016
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
497
3 664
7 478
650
441
2 Q9°
5 803
633
401
3 483
0 226
631
486
2 747
5 367
563
419
9 sio
5 168
598
486
3 301
6 257
662
524
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
35, 299
38 679
](;' 347
43 592
98 809
9 399
19 268
38, 266
32 807
17 010
40 381
°8 548
8 375
2? 055
35 895
?8 717
17 63s)
41 170
31 ' 9^2
10 161
24' 970
32 348
30 265
30 842
17 839
39 129
16
37
30
9
26
29 987
S3* 376
19 148
39 glO
28 587
11 915
25' 134
. 283
PAINTS, VARNISH, AND LACQUER!
Factory shipments, total
Industriai sales
Trade sales
thous. of doL.
do
do
SYNTHETIC PLASTICS AND RESIiN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous. o f l b
Molding and extrusion materials
_ . do
Nitrocellulose, sheets, rods, and tubes
do
Other cellulose plastics
do
Phenolic and other tar acid resins
do
Urea and melamine resins
Vinvl resins
Alkyd resins
Rosin modifications
Miscellaneous resins _
do
do_ _
do
do
do
32,
32
13
40
31
362
399
745
392
420
10 555
19. 176
9^ 7fiO
27*693
9 627
95 35j
or Qf|Q
055
357
673
543
099
•if"
A/11
17
40
28
9
24
646
636
475
661
535
35
37
19
46
421
252
958
303
r 39 yq('(
r
10 855
26 381
r
r
r
123,019
1 24, 629
46 778
77 851
45, 254
77, 765
2 716
6 478
554
42S
31,567
36 889
17 89'?
43 413
31 ' °21
11 481
25 448
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total i
mil. of kw.-hr.. r 42, 055
* 36, 021
Electric utilities, total
do
T
25 795
By fuels
- _ - do
T
By water power
do
10 297
Privately and publicly owned utilities
30, 294
mil. of kw.-hr..
T =>
79Other producers
do
r
Industrial establishments, total
do
6, 633
r
5 601
By fuels
.__ - do
r
By water power
do
43'2
Sales to ultimate customers, total (Edison Electric
Institute) t
mil. of kw.-hr. . 31,165
Commercial and industrial:
5 459
Small light and power
_
do
Large li^ht and power
_ _
do..
15,869
Railways and railroads
do
413
7 566
Residential or domestic
do _
Rural (distinct rural rates)
do
806
Street and highway lighting
do
269
Other public authorities _ .
. _. do
730
Interdepartmental
-. .
do
53
Revenue from sales to ultimate customers (Edison
Electric Institute) 1
thous. of dol . . 547, 618
42, 733
36, 827
27, 732
43, 927
38, 030
29 276
8, 755
44, 497
38, 497
30, 043
31, 317
5 510
5, 905
5, 511
395
32, 209
5, 821
32, 331
6,166
5,897
6,000
5, 563
334
31,503
5 719
16, 131
394
7 389
800
251
764
9,095
553. 129
42, 923
43, 751
37, 614
30, 477
7, 137
42, 317
36, 378
29, 471
31,199
5, 718
282
5, 752
5, 886
5, 61 1
275
32, 252
5, 361
6, 137
5, 853
284
31,989
33, 001
32, 735
32, 350
6 068
6 • )r >3
6, 191
16, 28(5
309
r
5,917
16, 178
393
7 833
870
345
768
46
572, 424
15.981
380
7 479
1,006
259
764
52
562, 032
8,454
1«! 553
371
7 546
1,180
284
75S
573, 651
37,038
29, 449
7, 589
31,285
7 6 il
1,120
309
757
575. 288
42. 857
45, 052
39, 062
30, 395
8, 668
45, 478
39, 423
30, 524
8,899
8,564
33, 227
6,196
6, 055
5, 664
391
29, 478
5,179
5, 939
5, 658
280
33, 480
5, 582
5, 990
5, 624
366
5, 676
5, 291
385
32, 719
6,199
6, 247
5, 781
467
31,919
33, 040
34, 235
33,112
33, 032
15,' 668
401
8, 248
645
367
762
43
6, 104
5.802
15,865
47
5, 902
15, 294
399
9, 719
606
352
792
48
5, 794
15, 734
439
9, 239
663
342
768
53
571,296
589, 705
611,624
596, 954
589, 223
43. 529
37, 429
27, 079
10, 350
32, 885
5, 927
15, 765
445
9, 1 04
584
394
778
43
585, 598
6,907
40, 887
35,211
26, 647
5,724
15,668
459
10, 1<>3
612
395
45, 166
38, 918
28, 998
9,921
36,835
26, 925
9,910
30,913
r
31,00?
6,422
5. 923
6, 021
5. 573
448
6, 100
5, 672
427
397
8, 942
756
311
763
49
GAS
Manufactured and mixed gas (quarterly) :J
Customers, end of quarter, total
thousands..
Residential (incl. house-heating)
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
Natural gas (quarterly) :J
Customers, end of quarter, total
thousands..
Residential (incl. house-heating)
do
Industrial and commercial _
do
Sales to consumers, total
_ _mil. of therms
Residential (incl. house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol. _
Residential (incl. house-heating)
do
Industrial and commercial..
do
6,508
6,049
6, 434
455
813
485
319
450
539
111,643
78, 965
31, 899
19, 721
18, 138
1, 562
12, 606
3, 510
8,541
524, 442
280, 128
232, 779
268
6,113
5, 668
442
759
463
287
80, 574
54, 049
25, 939
107 700
76, 534
30, 416
19 849
2() 667
19, 003
1 640
14, 099
4,021
9, 114
5,982
•?63
18,310
1 518
10, 502
1.435
8,405
371.928
148, 604
210 248
597, 998
325, 396
255 373
---
-i
r
Revised.
v Preliminary.
cf Revisions for production (September 1951-September 1952) and for stocks (December 1951-September 1952) will be shown later
§ Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
{Revisions for 1952 for electric-power production and for gas are shown in the October 1953 SURVEY; those for electric-power sales and revenues, in the October and November 1953 issues.
SURVEY OF CURRENT BUSINESS
.Tulv 1054
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-27
1953
May
June
July
August
1954
"
September
October
November
Dec-cmber
January
February
5, 954
6, 176
9, 223
5,797
5,162
9 498
5, 909
5, 434
9 605
7, 918
6, 607
10 406
13, 120
14. 405
April
March
May
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbl
Tax-paid withdrawals
- do
Stocks end of month
do
Distilled spirits:
Production
^
thous. of tax eal.
Consumption, apparent, for beverage purposes
thous of wine gal
Tax-paid withdrawals
..thous. of tax gal._
Stocks, end of month
do
Imports
thous. of proof gal
Whisky:
Production
thous. of tax gaL .
Tix-paid withdrawals
do
Stocks end of month
do
Imports
thous. of proof gal .
Rectified spirits and wines, production, total § j
thous. of proof gaL.
Whiskv
do
Wines and distilling materials:
Sparkling \vines:
Produotion!
thous. of wine gal
Tax-paid withdrawals!
do _
Stocks end of month!
do
Imports
do
Still wines:
Production!
do
Tax-paid withdrawals! ...do
Stocks end of month!
do
Imports
-.
do
Di^tillm 01 materials produced at wineries! do
7,791
7, 119
10,902
8, 767
8,097
11,058
11,812
11, 469
16, 138
10, 774
884.310
1,636
14, 685
10, 838
881,813
1,594
7,232
5 612
730, 838
1,504
7,674
5,499
730,919
1, 465
7, 990
6, 708
9,905
9,210
11,104
9,458
8, 905
11, 005
8, 339
8, 757
10, 013
7, 606
6,941
10, 091
5, 649
5, 644
9 830
9,632
7,282
15, 375
28, 896
19, 754
15, 930
14, 306
9, 735
878, 764
1,521
14, 024
9,371
873, 616
1,490
16, 341
12, 633
867, 166
2, 159
18, 731
17,257
861,353
2,967
19 465
16,690
857, 234
2,743
22, 805
10, 479
859, 297
2. 207
12 528
8, 650
861, 381
1,336
5,680
4,793
729, 729
1,415
3,974
5,241
725, 979
1, 350
7, 263
7 301
722, 169
1, 970
10,094
9 406
718, 330
2, 773
9, 43,5
9 102
7 15] 087
2, '"24
9, 270
5 ^82
8, 051
6,733
6,902
5,636
6,248
5,171
8, 930
7,740
11, 470
9, 964
10, 668
9, 455
151
101
1, 385
44
148
97
1,427
46
82
67
1, 435
31
112
95
1,448
30
106
131
1,416
45
1,221
10,940
169, 665
409
534
1,126
9,804
158, 739
453
674
876
7, 098
152, 280
409
1,839
1, 679
8, 576
143, 810
325
4,020
17, 237
10, 979
149, 723
425
500
699
707
44, 669
313
128, 626
322
35 234
4 971
1 670
1 556
156, 550
193, 609
.658
157, 010
257, 447
.656
138, 085
309, 894
.656
119, 645
334, 853
.661
96, 730
323, 077
.670
92, 375
311, 574
.682
90. 765
290, 598
. 676
108, 240
281 , 702
. 666
118,465
294 047
. 659
115,910
304 233
.658
142, 295
346 542
. 651
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
72, 450
460, 488
426, 383
87,775
63. 22,"
432, 008
5,540
82 390
56, 230
432, 325
400, 983
7, 180
91,175
61, 505
448, 787
416, 095
3, 602
98, 735
72, 135
-127. 461
397 990
2, 233
97
70
424.
;;q()
3
115,
86
450,
426
4
.408
.406
.405
.405
.407
.424
.427
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
8.688
365, 232
9,579
475, 333
7,041
511,683
6. 066
524, 007
5, 123
481, 196
410, 255
6, 047
339, 808
2,718
13, 439
539
14, 848
2,916
11, 957
937
10, 449
1,085
13, 997
658
128
747
46
62
56
11, 337
1 4, 427
6, 119
8 215
13 2°8
11 397
5.92
5.79
5.76
5.81
5.79
5. 80
5. 85
5.82
5. 76
5.73
5.69
5.44
5.39
12, 637
5,435
4.92
12, 449
5,492
4.87
11,603
4,742
4.99
10, 624
4,146
5.05
9, 306
3,374
5.15
8, 878
3,174
5.20
8,359
3, 062
5.23
8 907
3, 505
5.18
9 172
3 796
5.11
8 980
3 711
5.03
10 713
4 514
4.96
1 1 345
4 740
4. 70
13 178
5 658
4.02
9,450
154,750
9,375
144,300
10, 050
114,750
10, 050
91,900
8,620
67, 050
9,000
65, 150
8,420
68, 290
7 970
94. 250
6 300
103, 350
6 165
102, 300
6 175
131, 650
10 525
138,350
10 925
164, 750
14,907
154, 021
14, 423
156, 892
13, 560
131, 826
14,110
114, 632
11, 512
84, 421
11,716
67, 925
11,316
67, 893
10 920
74, 094
9 602
81, 056
8 510
88, 377
7 6^9
85, 449
8 6C'9
83, 43,5
10 397
105, 792
3,394
7,832
2,920
5, 131
4,378
14, 323
6,105
7,801
3,648
3,676
3,014
4,854
3 004
15, 357
4 844
7 004
1 584
is' 674
2 671
15 802
2 $26
20 107
4 906
4 055
.149
.147
.146
.146
.147
.146
.152
.153
.152
.151
.149
. 140
.143
1, 535
1,377
655
306
279
128
180
509
92 584
2 796
19, 894
2 357
14, 943
2 119
10, 679
3 001
6, 095
r ') '}t)4
1 892
1, 313
7,949
7,011
10, 680
8, 550
7, 239
11, 541
16, 387
14, 636
13, 870
12 671
10, 156
862, 917
1 456
15 736
12,718
864, 231
1, 529
14 519
' 12, 029
804,010
1, 694
864, 004
9,020
5 315
718 413
1,328
10, 029
718 510
1, 395
9, 802
5 998
718, 720
1, 551
9, 579
5 748
719, 567
1.990
8. 301
4 878
717 441
1, 218
6. 885
5. 850
5,533
4,634
5,745
4 834
7,400
6 349
0, 005
5,823
6, 851
5, 996
716,439
96
174
76
197
81
198
1,320
1, 186
1 , 052
64
64, 847
12, 819
206, 868
88
121
20, 755
12,440
214, 956
4,148
12,966
202, 031
99
84
233
69
147
81
109
74
1 0(50
1 217
1 272
1 297
23
28
44
1,398
9, 120
193, 413
1, 286
10, 038
179 769
1,477
12,353
170 754
1 403
10, 443
151) 755
404
11,853
582
480
2 log
DAIRY PRODUCTS
Butter, creamery:
Production (factory) tthous. oflb..
Stocks cold storage, end of month
do
Price, wholesale, 92-score (New York)_.dol. p e r l b _ _
Cheese:
Production (factory), total t_
.. - 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 o f l b
'Evaporated (unsweetened) __
- do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. oflb
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
- .. do
Evaporated (unsweetened)
do
Price, wholesale U. 8. average:
Evaporated v nnsweetened)
dol. per case-Fluid milk:
Production!
mil. o f l b
Utilization in mfd. dairy products .
do
Price, dealers', standard grade
dol. per 1001b._
Dry milk:
Production:!
Dry whole milk
thous. o f l b
Nonfat dry milk solids (human food)_.___do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Exports:
Drv whole milk
do
Nonfat dry milk solids (human food)- - do
Price, wholesale, nonfat dry milk solids (human
food), U. S. average
dol. perlb..
5,248
401,168
5 800
. 415
190
810
657
344
162
555
575
299
049
103
T
r
J 41, 30.1
375 584
. 583
103,81.5
411,810
126,930
r
1.50,4*0
1 23, 090
5 i 9, 23.5
491,989
97 4 ( H )
487, 201)
400 500
4 851
.370
. 403
393
1 800
155. 700
o 350
1 63! 600
1 875
156 900
9 150
194 900
-43, 100
') 4(XO
1 675
316, 000
4. 897
262, 91 3
4 753
192 760
4 78412/' 681
4 997
102 038
.5 3.53
127 497
5 242
231, 456
. 383
8 901
FKUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_.
Shipments, carlot
no of carloads
Stocks, cold storage, end of month.. thous. of bu._
1
r
706
7. 886
3 717
' 27, 485
2 567
25, 331
r
3, 207
r
12, 371
Citrus fruits, carlot shipments
no. of carloads..
12, 383
8,982
6,582
6,948
6,851
12. 595
5,890
10, 145
11,202
9,270
11, 263
10, 655
Frozen fruits, stocks, cold storage, end of month
r
568, 132 r 602, 000 ' 580, 866 T 581, 707 T 571, 777 T 568, 443
487, 259
thous. of l b _ _ 456, 980
593, 592
635, 626
703, 98(J
719, Oil
605, 956
Frozen vegetables, stocks, cold storage, end of
361, 217
month
_ __
thous. oflb
384, 292
468, 377 T 573, 603 r 688 353 T 737 428 r 722 108 T 704 585
O'^O ^01
562 581
433 611
510 944 r 4Q9 050
Potatoes, white:
i 373 711
Production (crop estimate)
thous. of bu
r
19, 171
Shipments, carlot
no. of carloads..
15, 744
25, 201
11, 860
15, 797
14, 758
17, 866
15, 453
20, 402
18, 870
19,630
20, 301
23, 925
Price, wholesale, U. S. No. 1 (New York)
r
4. 085
dol. per 100 lb..
2. 230
2.917
3.165
3.060
3. 313
3.325
3.050
2.981
v 3. 980
2.981
3.081
3. 500
l
' Revised.
» Preliminary.
December 1 estimate.
§Data beginning July 1953 exclude production of wines and vermouth; for July 1952-June 1953 such production totaled 88,000 gallons.
JRevisions prior to December 1952 are available upon request as follows: Beginning 1951 for cheese, condensed milk, and nonfat dry milk solids; beginning 1952 for butter,evaporated
milk, and dry whole milk. Revisions for January-December 1952 for fluid milk production are shown in corresponding note in the March 1954 SURVEY- those for July 1952-March 1953 for
rectified spirits and wines and wines and distilling materials appear in the June 1954 issue.
SURVEY OF CURRENT BUSINESS
S-28
July 11)54
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
July
June
August
1954
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu.Barley:
Production (crop estimate)
do
Receipts principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports, including malt
do
Prices, wholesale (Minneapolis) :
No. 2, malting
dol. per bu_.
No 3 straight
do
33, 838
7,479
31, 996
35, 075
30, 780
31,072
25, 483
i 241,015
8,860
8,037
25, 503
15, 698
11,510
8,235
6,949
25, 567
1,018
9,070
12, 188
12, 222
960
2,209
14, 631
148, 842
2,478
12, 609
1,064
3,865
1.531
1.387
1.440
1.265
1.420
1.236
1.511
1.374
1.479
1.344
11, 134
20, 621
11, 033
24, 690
9,772
24, 231
10, 629
25,011
21, 740
15, 774
995.3
11, 939
10, 218
9,459
12,512
9, 381
(3)
1.600
1.578
(3)
1.546
1.522
4,854
19,855
24, 986
23, 469
30, 062
8,613
12, 386
8, 566
7, 594
6,531
11,085
10, 277
6, 500
416
422
8,833
74 883
526
7,119
2,175
12,659
107, 770
951
1.516
1.417
1. 515
1.438
1.513
1.436
1.520
1.474
1. 509
1. 441
1.483
1.374
1.505
1.396
1,518
1. 456
10, 769
25, 234
12,438
52, 068
10,515
48, 836
i 3,177
10, 240
18, 424
10, 021
21, 389
10, 232
25, 032
11,466
24, 741
11,127
22, 798
10, 263
25, 835
9,365
329. 6
10, 469
23, 072
45, 703
35, 338
16, 984
13, 146
6, 860
8, 045
33, 786
1 468 8
7, 703
21, 704
13, 512
43. 106
2, 138. 5
10, 808
38, 221
8,741
(')
1. 579
1. 511
(')
1. 603
1.550
1.618
1.658
1.568
1.561
1.461
1.443
1.491
1.448
1.439
(3)
1.563
1.530
(3)
1. 553
1.521
1.655
1.553
1.495
(0
1.560
1.502
0)
1.571
1.504
0)
1.585
1. 532
7,780
17, 033
24, 375
8,784
5,908
6,187
i 1,216
8,131
11, 958
220, 067
327
18, 348
22, 945
18, 453
452
327
27, 122
984, 324
305
22, 908
328
296
310
.772
Oats:
Production (crop estimate)
mil of bu
Receipts, principal markets
...thous. of bu._
Stocks, domestic, end of month:
Commercial
do
.752
.760
.770
.743
.752
.742
10, 828
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 lb_Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills
thous. of l b _ _
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of month
thous. of l b _ _
Exports
.. do
Price, wholesale, head, clean (N. O.)_dol. per Ib.-
Rye:
Production (crop estimate)
thous. of bu._
Receipts, principal markets. _ _
. _ do
Stocks, commercial, domestic, end of month. _do
Price, wholesale, No. 2 (Minn.)
dol. per b u _ _
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu._
No. 2, hard winter (Kansas City)... .. do
No. 2, red winter (St. Louis)
do
Weighted avg., 6 markets, all grades
do
37, 322
6,527
5,960
Corn:
Production (crop estimate)
.mil. of bu__
Grindings, wet process
thous. of bu__
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms
mil ofbu
Exports, including meal--.
thous. of bu._
Prices, wholesale:
No. 3, white (Chicago)..
dol. per b u _ _
No 3 yellow (Chicago)
do
Weighted average 5 markets, all grades
do .
Wheat:
Production (crop estimate), total
mil. of bu__
Spring wheat
do
Winter wheat
do
Receipts, principal markets.
..thous. of bu_.
Disappearance
^
do
Stocks, end of month:
Canada (Cana.dian wheat)
_ _ _ do _
United States domestic, total d"§
do
Commercial §
_
_ do
Interior mills, elevators, and warehouses
thous. of bu_.
Merchant mills
_
do
Onfarms -_
do
Exports, total, including
flour..
do
Wheat only
_
_. _ do
30, 837
2
2
2
78, 020
55, 941
79, 454
49, 364
48, 982
44, 537
49, 617
6, 282
9,937
147, 581
15, 567
131, 382
6,261
84, 077
450, 783
127, 449
235, 052
62, 057
.124
111, 633
63, 625
.124
29, 640
125, 925
.124
188, 443
66, 803
.093
1,201
3,627
1.516
502
3,630
1.388
1,136
3, 755
1.268
1,916
4,288
1. 249
27, 035
251, 841
r
r
79, 993
280, 246
13,815
54, 193
103, 118
201, 230
239, 783
2
552, 809
'2229,604
4,542
4,660
4,886
4,602
5, 818
15, 066
13, 406
4,750
4, 600
136
192
8,648
450 335
363
.794
.814
.788
.781
.792
.770
149, 459
125, 900
135, 181
104, 782
118, 669
78, 605
84, 516
66, 150
61,873
48, 757
19, 934
16, 149
2 2183, 328
58, 408
2
73, 105
17, 554
13, 371
26, 529
23, 081
2.558
2.355
2. 145
2.530
2.492
2.036
1.793
2.265
2. 443
2.086
1.808
2.202
328, 428
9,373
83, 259
72, 152
86, 161
65, 802
55, 934
59, 246
54, 741
47, 454
950, 658 1,227,523
212, 755 315, 693
520, 281
250, 994
180, 844
204, 667
171,225
243, 252
133, 848
169, 918
84, 161
161,955
36, 832
100, 069
37, 382
124,217
572, 192 1,040,286 1,112,950 1, 000, 652
207, 046
245, 765
113. 178
153. 150
.094
.094
:085
.093
859, 670
189, 258
.094
770, 187
200, 503
.093
654, 571
155, 677
.093
573, 654
88, 483
r
.090
390. 586
i 17, 998
1, 713
11,028
1.287
292
11,002
1.313
433
10, 309
1,249
231
9,811
1. 151
667
8,953
1. 116
20, 715
20, 883
r 22, 028
205, 870
19, 660
924
5,923
1.226
2,663
6,240
1.156
40, 988
189, 883
305. 420
'1,524,519
r
342. 163
334. 589
52, 529
129, 132
79, 990
194, 685
54, 068
287, 303
r
227
13, 388
4, 953
38, 907
267, 564
r
8,221
18, 295
778,541
462
1
96, 375
63, 242
846
32, 871
r
154,646
122, 947
4,877
6,008
1. 249
i i igg 5
1291.0
i 877. 5
18, 403
31, 822
209, 412
324, 932
377, 855
339,156
•1,316,205
335, 882 V327~lfW~ * 316, 765
20, 719
18, 911
458, 641
134, 477
563. 569
21, 824
19, 066
13,107
9,524
2.474
2. 175
1.822
2. 439
2.514
2.217
1.899
2.533
2.621
2.288
1.882
2.562
T> . 090
< 20, 939
921
8, 782
1.101
4
r
368, 888
366, 412
354, 795
348, 139
1,111,250
31 1,573 ' 303, 727 - 298, 934 " "295, 060
15, 441
12, 112
424, 292
123, 467
424, 057
13, 262
9, 679
12, 393
9,610
2.623
2.337
2. 015
2.578
2.601
2.375
2.051
2.596
2.577
2.379
2.194
2.537
16, 327
13, 824
379, 232
104, 778
297, 873
14, 877
11,677
2.602
2.417
2.327
2. 545
2.620
2.447
2.210
2.589
339, 201
291,191
20, 768
17, 249
2.576
2.393
2.226
2.570
739. 9
26, 953
2.669
2.370
2. 105
2.544
Wheat flour:
Production:
17, 721
18, 064
18, 747
Flour
thous. of sacks (100 Ib )
18. 204
19, 469
17,972
18, 355
20, 799
18, 962
17, 361
18, 871
17,217
16, 685
r
r
r
r
' 78. 9
'76.7
75.8
81.2
Operations, percent of capacity^
86. 8
'77.7
88.3
83. 9
88.6
81.7
77.0
73.5
74.9
348,062
357, 154
371,608
365, 199
Offal
short tons..
394, 122
362, 741
424, 380
366, 297
344, 611
380, 153
376, 594
339, 250
327, 804
41, 833
43. 410
Grindings of wheat
thous. of bu... '40, 969
42, 263
45, 393
42, 571
48, 501
41,836
43, 971
40, 222
43, 729
39, 874
38, 582
Stocks held by mills, end of quarter
4,093
thous. of sacks (100 lb.)._
4,589
4, 476
4,470
1,624
Exports-..
_
. . do
1, 795
1,480
776
1, 184
1,537
1,429
1, 538
1,074
1,195
1,373
1,510
Prices, wholesale:
Spring, short patents (Minneapolis)
T
5.935
5. 550
dol. per sack (100 Ib.)..
5. 925
6. 100
f>. 470
6.250
6. 500
6. 355
6. 335
6.390
6.355
6. 400
f 6. 512
r
5.675
5. 275
Winter, hard, short patents (Kansas City) .do
5. 150 ]
5. 525
5.855
o. 950
<). 120
5. 935
0. 060
6.095 '
6. 055
6. 035
" 6. 138
f
Revised.
* Preliminary.
1 December 1 es Jmate.
2
3
4
Old crop only; new grain not reported until beg inning of n ew crop ye ar (July fo r barley, o*its, and w' aeat; Octot>er for corn ).
N o quotation,
June 1 estimate.
9Bags of 100 Ib.; prior to the October 1953 SURVEY, data w 3re shown n thous. o bu. of 45 1 b.
d"The total includes wheat owned by the Comm odity Crec it Corpora tion and s ore d off fai*ms in its c wn steel a ad wooden bins; such data are n ot includec1 in the bn'-akdown o f stocks.
§Revised beginning May 1953 to exclude CCC-o^#ned whea t in the me>thball flee t.
JRe visions for January-April 1953 (percent): 87.4 ; 79.2; 78.1 73.6.
SURVEY OF CURRENT BUSINESS
July 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-29
1954
1953
May
June
July
August
September
October
November
December
January
February
April
March
May
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)
thoiis. of animals. .
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 Ib_.
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog.
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals..
Receipts principal markets
do
Shipments feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs average (Chicago)
dol. per 100 lb_.
Lambs feeder, good and choice (Omaha) --do
504
1,345
2,055
160
586
1,450
2,440
184
616
1,498
2,258
211
602
1,494
2,559
265
687
1, 644
2 770
446
776
1 782
3 095
773
658
1,609
2 997
643
634
1,653
2 342
286
546
1,541
2 245
206
518
1,302
1 844
184
660
1,511
2 320
220
598
1,417
2,040
217
561
1 439
2 165
181
21.83
19.80
27. 50
21.73
15.22
19.50
24.26
16.75
23.00
24.79
15.78
23.50
25.41
15.07
21.00
25.35
15.74
22.50
24.83
17.56
22 00
23.65
17.63
22 50
23.93
19.83
27 00
22.96
20.02
28 00
22.88
19.81
26.00
23.77
20.62
26.00
23.54
20.44
p23 00
3, 643
2, 031
3,607
2,119
3,276
1,837
3,396
1,867
4,059
2 169
4,994
2 665
5,540
2 950
5,194
2 721
4,712
2 503
3,883
2 098
4, 554
2 450
3,853
2 068
3,380
1 909
23.54
23.24
23.29
22.97
24.18
21.54
20.80
23.69
24.82
25. 45
25. 63
26.75
24.79
15.5
15. 5
16.5
15.9
15.9
15.9
15.0
16.2
17.3
17.7
17.2
18.3
17.5
1,015
1,147
131
1,055
1,108
102
1,108
1, 159
136
1, 158
1 483
291
1,366
1 822
547
1,529
2 026
754
1,159
1 412
292
1,227
1 182
185
1,241
1 190
197
1,090
1 032
175
1,149
1 128
188
1,096
1 203
202
1,045
1 133
147
25.12
(!)
25.50
(')
25. 38
17.94
23.38
17. 78
19.25
15.57
19.00
16.41
19. 25
18.22
19 25
18 00
20 62
19 14
21 25
20 26
24.25
21. 44
27 75
22 31
25 88
1,537
1,617
1, 579
1,525
1,675
1, 913
1,941
1, 952
1,836
1,517
1,772
1,609
1, 563
818
50
749
46
638
50
532
50
460
40
460
36
593
59
••717
60
'762
45
755
57
732
33
••706
58
657
812, 729
210,274
1,965
859, 894
190, 408
2,848
877, 290
163, 626
3,073
860, 476
153, 672
2,973
925, 007
159, 376
2,273
994, 342
183 864
2,942
897. 620
215 352
13, 685
939, 793
269 668
3 848
895, 446
247 894
1*067
761, 153
219 002
5 848
886, 182
828, 596
186 362 r 160 002
4, 464
'840
838, 154
138 473
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil. of l b _ _
Stocks (excluding lard), cold storage, end of month
mil. of lb_.
Exports
.
do
Beef and veal:
Production (inspected slaughter)
thous. o f l b - _
Stocks cold storage, end of month
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. per lb-_
Lamb and mutton:
Production (inspected slaughter)
thous. of lb-_
Stocks cold storage, end of month - _ _ do
Pork, including lard, production (inspected
slaughter)
thous. of lb-_
Pork, excluding lard:
Production (inspected slaughter)
do
Stocks cold storage, end of month
do
Exports
- .- -- do
Prices, wholesale:
Hams smoked, composite--dol. perlb..
Fresh loins, 8-12 Ib. average (New York)-do
Lard:
.Production (inspected slaughter)
thous. of lb._
Stocks, dry and cold storage, end of month t- do
Exports _--do
Price, wholesale, refined (Chicago) __dol. per l b _ .
.385
.387
.426
.432
.451
.427
.431
.424
.431
.396
.392
.398
.408
46, 755
14, 720
44, 558
13, 461
47, 324
10, 410
49, 401
9,460
57, 474
10,113
64, 856
10, 762
51, 566
11,151
57, 079
12 232
59, 522
11 460
53, 274
10 808
55, 672
9 445
52, 190
r g ggy
48, 262
8 046
677, 203
712, 978
654, 193
614, 699
692, 034
853, 449
991, 497
954, 712
881,313
702, 169
830, 303
727, 839
676, 709
502, 422
459, 755
6,392
533, 230
414,227
6, 768
489, 360
350, 825
6, 694
469,818
265, 981
5, 865
531, 761
200, 597
5,176
648, 115
181, 279
4, 843
743, 793
710, 666
266, 170 r 326 81 2
4,419
7 708
658, 662
393 307
5 136
526, 049
413 507
4 407
628, 446
418 283
3 832
547, 809
420 917
4 200
505, 239
.619
.567
.650
.576
.683
.597
.675
.570
.623
.543
.544
.516
.558
.452
657
.509
673
.550
638
.541
671
.574
P 669
.626
128, 166
200, 621
33, 841
.150
130, 863
169,311
28, 908
.140
120, 175
109,342
33, 193
.163
105, 809
55, 637
34, 505
.183
116, 615
42, 439
24, 412
.233
149, 478
45, 205
19, 402
.205
180, 413
51,462
32, 857
.193
178, 155
74, 322
38 187
.205
162,245
75, 525
33 607
.208
128, 867
72, 920
39 558
.213
147, 106
78, 945
23, 359
.208
131, 394
74, 024
40 774
.233
125, 254
69, 278
44, 435
123, 485
46, 431
117,876
46, 075
' 112,459
46, 364
127, 341
56, 985
176. 385
65, 890
275 888
37, 325
266 626
35, 734
241 692
41, 189
39, 205
217 456 r 184 743
43, 216
.660
. 540
r
OQI 71 7
p. 205
POULTRY AND EGGS
Poultry:
.Receipts, 5 markets
thous. of lb._
Stocks, cold storage, end of month
do
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
.
dol. per lb.
Eggs:
Production, farm
- - ...
.
millions
Dried egg production
thous. of Ib
Stocks, cold storage, end of month:
Shell
thous. of cases
Frozen
.. ..
..thous. of Ib
Price, wholesale, extras, large (Chicago)
dol. per doz. .
r
T
69, 572
259, 086
r
79, 448
287, 152
r
.325
.245
.275
. 255
.255
.235
.230
250
5, 846
2,499
5,032
1,903
4, 624
2, 092
4,329
1,979
4,190
1, 441
4, 600
1 144
4,784
1 310
5 239
1 242
1,431
132. 294
1,513
159, 755
1, 199
152, 83 f)
827
133, 427
494
109, 869
288
86, 867
137
01 014
.587
.624
. 543
.486
.517
. 531
. 613
orn
280
300
220
AAQ
1 AQS
5 476
1 865
6 605
3 140
6 271
3 104
89
42 030
nc
135
41 639
.479
All
.450
.403
.380
. 355
79, 619
83, 931
74, 768
59, 275
27 028
.535
11 905
. 578
14 265
.619
j\63<f
962
539
829
1,913
1,409
795
735
1,940
1,060
485
637
1 992
454
. 870
P. 855
5
r 94.A
443
'728
91 940 r 136 488
MISCELLANEOUS FOOD PRODUCTS
63, 932
104, 262
92,911
56, 041
63, 522
So, 262
48, 895
109, 988
Confectionery, manufacturers' salest- -thous. of doL.
110,496
Cocoa:
13, 574
10, 587
26, 164
28, 493
8,504
20, 859
30, 242
43, 394
Imports
long tons
8,026
.385
.403
.346
.334
.386
.542
.400
.468
.449
Price, wholesale, Accra (New York). -dol. per lb_.
Coffee:
860
1,149
1,286
1, 870
860
1,544
1, 814
1,219
1, 725
Clearances from Brazil, total
thous. of bags._
361
1, 122
685
411
662
744
873
1,164
1,055
To United States
do
••812
531
666
582
511
628
778
1,009
723
Visible supply, United States
do
2,130
1,278
1,470
1,256
1,261
1,320
2,489
2,275
1,848
Imports--.
do
Price, wholesale, Santos, No. 4 (New York)
.560
.615
.593
. 585
.615
.553
. 600
.725
. 613
dol. perlb._
Fish:
60, 155
45, 034
38, 692
75, 392
75, 903
34, 244
23, 950
17, 456
Landings, fresh fish, 5 ports
thous. of lb_. ' 47, 334
176, 680
169. 686
174, 640
142, 655
176, 047
179, 370
113, 581
176, 249
154,570
Stocks, cold storage, end of month
,do
r
Revised.
*> Preliminary.
1 No quotation,
f Revised series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered
will be shown later.
{Revisions for 1952 are shown in the August 1953 SURVEY,
.760
.858
28, 128
138, 468
41, 267
112,288
41, 526
110,328
118." 806"
and refined lard; data prior to June 1952
SUEVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1
1952 and descriptive notes are shown in the i
1953 Statistical Supplement to the Survey
Jnlv 1.!>:»4
19 53
June
May
July
August
1954
September
October
November
December
January
February
April
March
May
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons..
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
short tons..
Entries from off-shore
do_.
Hawaii and Puerto Rico
... do
'4.690
4,364
3, 908
3.218
2,658
3,078
2,083
1, 737
1,607
2,437
12, 283
530, 430
235, 756
51, 262
628, 878
180, 490
26, 860
607, 226
234. 674
37, 059
614, 988
182, 958
117, 506
563, 878
237, 561
643, 637
461, 177
238. 494
812, 373
254. 321
97, 620
473, 347
117.126
61. 688
137, 932
320 741
52 886
57, 480
507 709
108, 657
600, 836
Deliveries, total
-do
' 598, 855
For domestic consumption
do
r
1, 981
For export
- do
Stocks, raw and refined, end of month
1,423
thous. of short tons..
9,095
Exports
- .
-. .short tons..
Im ports :d"
328, 791
Raw sugar total
do___
225, 582
From Cuba
-do
93, 039
From Philippine Islands
do
790, 640
779, 785
10, 855
886. 890
885,168
1,722
778, 556
777, 391
1, 165
844, 285
842, 829
1.456
641, 490
639, 991
1,499
580. 278
574, 693
5, 585
801, 571
800, 569
1,002
1,312
14,326
1,103
11, 473
966
21, 879
851
526
1, 186
303
1,691
3,897
1,693
596
1,668
631
1,612
745
1,479
276
390, 371
221,650
162, 388
339, 220
238, 565
91, 880
330, 805
266, 009
64, 421
321, 374
201, 899
92, 486
180,291
118. 650
56, 920
140, 910
86, 401
45, 512
1 57, 648
118, 711
38, 640
275 725
238, 950
36 267
305 487
236 902
66 165
363 956
282, 575
81 336
498 735
292 522
136 208
54, 782
46,720
40, 271
40, 226
38, 937
37 178
47, 760
44. 598
27, 116
26, 437
2,057
250
4,220
132
301
20, 151
13 694
35 595
29 570
54 938
50 062
51 375
45 753
dol. perlb..
.064
.064
.064
.064
.064
.064
.061
.060
.060
.061
.063
.062
p 0(H
dol. per 5 Ib
-- dol. perlb..
thous. oflb..
.495
.086
7,943
.495
.086
9,215
.498
.086
7, 506
.500
.087
7,766
.502
.087
10, 364
.503
.087
9,491
.500
.085
6,851
.497
.085
8,760
.497
.085
10, 004
498
085
11,580
.499
.086
10, 783
503
086
18, 079
502
v 086
r
From Cuba
Prices (New York") :
Raw wholesale
Refined:
Retail 9
Wholesale
Tea imports
do
- -
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter total
mil oflb
Domestic:
Cigir leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil oflb
Foreign grown:
Cigar leaf
- - -do
Cigarette tobacco
-do
Exports, including scrap and stems
thous. oflb..
Import^ including scrap and stems
do.. .
Manufactured products:
Production, manufactured tobacco, total.. -do
Chewing plug and twist
do
Smoking
-do__
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
millions..
Tax-paid
--do
Cigars (large) tax-paid§ ..
thousands
Manufactured tobacco and snuff, tax-paid §
thous. oflb..
Exports, cigarettes
millions..
Price, wholesale, cigarettes, manufacturer to
wholesaler and lobber, f. o. b. destination
dol. ner thous..
1
4,036
4,225
368
340
3, 472
3, 703
r
T
504, 328
502, 319
2 009
r
r
3,316
4,341
4,316
27, 365
522 494
147, 957
51,311
762 870
287 257
853 080
239 756
' 569, 496
564, 826
r
4 670
638, 790
636, 720
2 070
r
556, 878 r 821, 758
554, 503 •• 820, 788
970
2 375
T
r
1,632
1,625
1 , 039
2, 057
4 53o
4 513
37°
31;
3, 995
3 967
35, 903
8,788
18
178
33, 263
9,578
24, 649
7.662
32, 121
9.268
18
163
68, 694
10, 475
56, 183
9.269
52, 327
8, 549
18
181
68, 538
7,582
30, 390
8, 125
19,019
7 875
18
183
21,715
9,133
27, 560
9 528
17,806
7,246
7.494
3, 066
18, 170
7,347
7, 430
3,393
1 5, 999
7,194
6.301
2, 504
17,814
6,879
7, 569
3,367
18, 833
' 7, 249
8,302
3.281
19. 273
7, 473
8,424
3,376
16, 170
6,808
6,307
3, 055
14. 735
5,978
5,373
3, 384
15,502
6 796
5 549
3, 157
15.561
6 389
6 079
3,093
18, 476
6 865
7 900
3,711
17, 369
6 723
7 356
3 290
2, 658
30, 587
507. 629
3, 130
33, 304
501, 499
3,339
29,914
463, 787
2.770
34, 65«
497, 670
3, 585
33, 598
518, 748
2,813
34, 860
540, 124
3, 535
30, 338
547, 704
3, 534
29, 141
443, 532
2,700
28, 858
401,693
2,638
26, 676
406 560
2, 865
32, 295
476 514
17. 488
1,482
17,812
1,119
15, 862
1,321
17,539
1, 158
18, 103
1, 535
18, 580
1,178
15, 825
1,241
15, 213
1,416
14, 997
1,274
14, 688
1,183
18. 079
1,254
17, 402
1,415
» 3 17, 085
3. 938
3. 938
3. 938
3.938
3. 938
3. 938
3.938
3.938
3. 938
3. 938
3.938
3.938
3. 938
2 485 i>3 31 257
2
30, 499 * 475,868
445 991
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. o i l b _ _
Calf and kip skins
thous. of pieces .
Cattle hides
_ do.
Ooat and kid skins
do
Sheep and lamb skins
. _
do
I 'rices, wholesale (Chicago):
Calfskins, packer, heavy, 9V5/15 lbs__ dol. per lb__
Hides, steer, heavy, native, over 531bs
do
18, 166
253
21
3,032
3. 826
20, 258
268
47
2,731
4,240
15,807
187
91
3,168
1, 893
13, 646
188
26
'2, 121
2. 760
15.353
150
41
2, 666
2,680
10, 934
208
40
1,726
1.157
9, 454
47
23
2 364
1,230
8,770
81
36
2 034
1,033
8,232
123
20
2 051
1,087
7,436
59
77
1 550
898
9,372
54
50
1 839
2 158
.613
.153
.625
.150
.513
.158
.513
.170
.500
.170
.400
.148
.468
.153
.438
.123
.413
.120
.413
.103
.413
.108
.413
.108
". 47H
*. 128
801
1 953
2 262
1 669
791
2 015
2 330
1 870
762
2 732
2 219
719
2 030
2 149
2 001
700
2 017
2 124
217^
21
29
3.160
57
23
3,438
27
99
2,733
70
58
4,950
.665
.660
.660
.985
.948
.950
LEATHER
Production:
827
685
804
724
849
839
790
Calf and kip
thous. of skins
846
2, 079
2,117
1,999
1,815
1.894
Cattle hide
- thous. of hides
1.978
1 904
1 978
2,924
2. 566
3,122
Goat and kid
..
thous, of skins
2,821
2, 354
2, 101
2, 350
2.240
2,656
2 563
2 139
2 189
2 43Q
2.407
Sheep and lamb
do
2 590
1 820
Exports:
Sole leather:
67
%
21
Bends backs and sides
thous. o lib
65
24
23
52
51
21
56
55
53
75
39
Offal, including belting offal
do
63
68
2, 825
3, 383
3,492
2,996
Upper leather
thous. ofsq. ft..
3,959
2,840
2,929
3,159
{''rices, wholesale:
Sole, bends, light, f. o. b. tannery
dol. perlb..
.725
.690
.670
.675
.720
.690
.655
.690
Upper, chrome calf, B and C grades, f. o. b. tan1.125
1.042
1,127
1.082
1.042
1.002
.998
.998
nery
dol. Per sq.ft..
T
Revised.
*> Preliminary.
1
2
December 1 estimate.
Based on stamps sold to manufacturer.
of Revisions for 1952 are shown in the April 1954 SURVEY.
9 Data for January-June 1953 represent price for New York and Newark; thereafter, for New York and Northeastern New Jersey.
§ Revised to represent data based on number of stamps used by manufacturers; revisions prior to May 1952 will be shown later.
r 2 H7
13, 492
2f>
13
2 440 . .
3*288
. 660
r
». 690
. 962
*>. 985
SURVEY OF CURRENT BUSINESS
July
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-31
1954
1953
May
June
July
August
Septem-
ber
October
N
m
°™r "
Decem-
ber
January
Febru-
ary
March
April
May
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total___
.thous. of pairs..
Bv types of uppers:
\11 leather
do
Part leather and nonleather
do
Shoes, sandals, and play shoes, except athletic,
total .
.
thous. of pairs. _
By kinds:
Men's
do
Youths' and boys'
do
Women's
do
Misse^' and children's
do
Infants' and babies'
do
Slippers for house wear
do
Athletic
do
Other footwear
do
Exports
_
... do
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide
upper, Goodyear welt
1947-49=100-.
Women's oxfords (nurses'), side upper, Goodyear welt
1947-49=100..
Women's and misses' pumps, suede split, .do
' 42, 122
40, 824
40. 297
42. 804
39, 902
40, 121
38, 200
40, 098
41, 328
47, 170
42,306
36, 790
31 987
6 213
33, 522
34 046
8,076
33 333
6 760
33 873
7 486
37? 944
9 226
33 109
9 197
30 351
6 439
' 37, 243
35, 790
34, 972
36, 539
33, 376
33, 183
28,011
34, 389
37, 460
38, 391
43, 357
38, 336
33, 217
8,532
••1,571
r
18 754
5,139
3, 247
4, 375
280
224
348
8,136
1,595
18, 161
5,077
2,821
4, 533
258
243
253
7, 560
1,637
18 687
4,603
2 485
4.790
269
266
313
7,963
1,696
19, 077
5,107
2 696
5,697
296
272
421
7 670
1 457
16 602
4 883
2 764
5 981
283
262
446
8 006
1 390
15 690
5 130
2 967
6 407
273
258
419
6 801
1 124
12 921
4 363
2 802
5? 039
262
210
330
8 087
1 362
16 490
5 386
3 064
3 305
290
216
251
7
1
19
5
3
9
851
470
472
465
202
123
239
276
239
7 625
1 455
20 717
5 432
3 162
2 419
' 247
271
411
8 367
1 711
23 947
5 713
3 619
3 263
266
284
370
7 857
1 543
21 096
4 756
3 084
3 376
275
319
484
6 928
1 508
17 635
4 364
2 782
3 078
'260
235
110.3
110.3
110.3
110.3
110.3
110 3
110 3
110 3
110 3
110 3
110 3
110 3
110 3
117.5
110.7
118.1
110.7
118. 1
110.7
118.1
110.7
118.1
110.7
118.1
110.7
117.5
112.3
117 5
112.3
117 5
112.3
117 5
112.3
117 5
112.3
117 5
112.3
117 5
112.3
LUMBER AND MANUFACTURES
LUMBER— A L L TYPES
Exports, total sawmill products .
Mbd. ft _
Imports, total sawmill products
do
National Lumber Manufacturers Association:©
Production total
mil. bd. ft
Hardwoods
do
Softwoods
do
Shipments, total
do
Hardwoods
_
do
Softwoods
do
Stocks, gross (mill and concentration yards), end
of month, total
mil. bd. ft
Hardwoods
_
do
Softwoods
do
SOFTWOODS
Douglas fir:0
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, PTOSS, mill, end of month
_ do
Exports, total sawmill products J
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 b d . f t _ _
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. \" x 6" x R. L.
dol. per Mbd. ft..
Flooring B and better, F. G., 1" x 4" x S/L
dol. per M bd. it..
Western pine:©
Orders, new
mil. bd ft
Orders, unfilled, end of month
. do
Production
do
Shipments
_ _ _. ...
do
Stocks, gross, mill, end of month _ _ . . do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8" ..
dol. per M bd. ft
53, 192
242, 183
53, 765
270, 350
53, 037
253, 021
54, 245
246, 389
52, 777
253, 650
50,919
243, 520
48 733
220, 063
54 109
197. 952
43 657
135, 528
74 200
211,' 621
70 262
233, 515
65 723
215' 884
3,271
545
2,726
3,385
704
2,681
3,437
622
2,815
3.423
688
2,735
3,351
675
2,676
3,228
647
2,581
3,429
765
2,664
3,238
661
2,577
3 486
790
2 696
3,230
627
2,603
3 540
792
2 748
3' 252
650
2 602
3? 078
718
2 360
2 875
624
2 251
2 875
638
2 237
2 706
550
2 156
2 749
643
2 106
2 604
526
2 079
2 901
680
2 221
2*808
612
2 196
3 358
690
2 668
3 353
599
2 754
3 310
660
2 649
3 387
603
2 784
3 273
634
2 639
3' 169
565
2 604
7,686
2,642
5,044
7,700
2,576
5,124
7,823
2,604
5,219
8,034
2,708
5,326
8,290
2,871
5,419
8 577
3,012
5 565
8 782
3' 107
5 675
8 950
3 194
5 756
9 132
3 311
5 821
9 221
3 379
5 842
9 227
3 470
*> 757
9 183
3 528
5 655
9 288
3 598
5*690
824
895
891
873
999
29, 067
16, 245
12, 822
857
839
889
899
989
18, 058
7,138
10, 920
826
878
762
774
977
21, 390
12, 528
8,862
707
786
780
790
987
17, 968
7,499
10, 469
795
746
828
822
992
24, 986
12, 993
11. 993
826
715
830
848
974
24, 422
11,842
12, 580
753
717
758
742
991
' 22, 120
10 505
11, 615
798
750
753
757
987
28, 161
10 619
17, 542
813
777
763
779
1 002
21,440
8 490
12, 950
863
855
791
778
1 Oil
39, 609
19 937
19^ 672
1 033
'865
963
1 013
961
40, 917
15 285
25,' 632
944
763
941
1 037
898
27, 592
5 866
21, 726
951
874
858
831
925
79. 009
78. 064
77. 252
76. 972
75. 187
74. 347
73. 122
73. 409
73. 395
73. 941
75. 054
' 74. 767 p 75. 156
126. 396
126. 396
126. 085
126. 085
125. 930
125. 113
123. 978
125. 612
124.950
125. 922
125. 922
' 125. 767 f 125. 767
739
376
754
746
709
344
767
741
714
306
764
752
673
287
707
692
693
269
707
711
660
237
767
692
693
230
673
630
531
202
651
559
595
201
684
596
680
251
687
630
749
257
761
736
1,717
5,262
1,335
3,927
1,743
5,590
1.126
4,464
1, 755
7,981
2,619
5, 362
1,770
8,549
810
7,739
1,766
3,952
1,105
2,847
1 841
4,662
1,005
3,657
1 884
4J901
1 098
3, 803
1 976
5, 700
640
5,060
2 064
3,986
1 268
2,718
2 121
6,380
1 528
4,852
2 146
5,512
923
4,589
76. 549
75. 665
74. 359
72. 092
72. 271
155. 379
79. 439
78. 748
78. 227
77. 614
77. 703
76. 545
156.604
156. 604
157. 829
157. 523
157. 523
157.217
156. 298
155. 685
155.379
657
410
684
606
1,499
649
371
746
66^
355
782
711
1,704
678
342
767
691
1 781
722
380
759
684
1 856
491
317
583
554
1 885
547
342
512
523
1 874
472
366
395
447
1 8°2
ci o
84.92
83. 26
81.10
76 11
70 84
70 04
70 65
71 71
70 90
n
719
2 148
6,414
1 601
4,813
2 126
1 71O
85.04
261
690
712
cr>9
383
444
496
1 770
7qc
238
714
418
688
1, 557
714
400
761
685
1, 633
CQO
r
71. 030
p 70. 277
152. 929
f 151. 476
628
fi«A
AQ9
m
r 7n cjt
v 7n nd
154. 154
r
eco
HARDWOOD FLOCKING
Maple, beech, and birch:
Orders, new
..M bd. ft..
4,150
4, 275
5,250
4,400
3. 300
3, 975
3,575
5, 150
3, 850
4,200
4,550
3,900
4,350
Orders, unfilled, end of month
do
10 450
9 800
10. 050
10 nnn
9 500
8 450
8 100
7 850
9 300
9 250
9 AK.()
Production
.
.do
4, 150
3,100
. 3, 500
3 950
4 100
4 750
3 775
4 300
3 950
3 900
4 Ron
o C.KO
•2 7CA
Shipments ...
do
5,150
4 050
4 350
4 300
3 850
3 925
3 825
3 750
3 onn
1 A CAA
Stocks, mill, end of month
do
8, 025
10, 100
8. 950
7 650
7 650
8 500
8 675
9 300
9 850
9 750
Oak:
QQ f>7Q
Orders, new
_
_
do
65 466
62 004
70 Q1 0
sn 9nfi
73 043
74 238
73 874
76 085
68 178
78, 781
Orders, unfilled, end of month
.do
77, 419
62, 965
f.0, 034
54,735
52, 885
50, 082
46, 584
47, 688
54, 743
68, 085
76, 534
74, 554
66, 643
o-j 91 o
Production
do
81 390
77 825
79 466
78 243
81 474
86 213
76 703
86, 999
70 1 r-l
4.3' 100
Shipments
_ .
. .
d o
79' 821
80 635
71 991
79 537
79 581
84 572
73 924
Stocks, mill, end of month
do
. 52) 458 . 52, 083
50.. .373
49, 079
52,612
50, 971
55, 391
64, 149
68, 289
68, 070
66,173
62, 495
61,090
Revised.
r> Preliminary.
©Revised monthly data (for production, shipments, and stocks; also orders, except for all types of lumber) are available upon request as follows : January 1950-February 1953 for lumber
;,
(all types); January 1952-February 1953 for Douglas fir; January-December 1951 for Southern pine; January 1950-February 1953 for Western pine.
{Revisions for 1952 for exports of sawmill
products (softwoods) will be shown later .
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July 1954
1953
May
June
July
August
1954
September
November
October
December
January
February
March
April
May
342,385
LUMBER AND MANUFACTURES— Continued
PLYWOOD
Hardwood (except container and packaging):*
Shipments (market), quarterly total
M sq ft , surface measure .
Inventories (for sale) end of quarter
do
Softwood (Douglas fir only), production*
M sq. ft., W equivalent- -
170 (;37
34 614 1
31, 831
169, 027
34 806
172.270
33, 486
324, 798
1
358, 393
318,019
376, 994
355, 285
635
953
488
294
311 926
59, 408
86 632
1 325
300, 433
66,790
70 461
2,016
315 967
103, 464
86 837
1, 355
360, 844
65, 419
103 449
3,121
i
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (eicl. advanced mfrs.):
Exports total 9 O
short tons. Scrap
- -do.--Tmports total 9
^o
Scrap
do
306. 737
17, 699
261, 581
3, 138
285, 050
19.416
271,910
15,032
251, 365
15, 988
318,519
22, 083
235, 664
37, 475
272, 106
18, 669
243, 571
25, 477
241, 726
14, 438
270, 433
30, 041
210 830
7,104
277 137
36, 065
190 054
9,897
6, 959
3.801
3,157
7, 050
6, 603
6,451
3,688
2,763
6, 665
6, 395
6, 368
3,594
2, 775
6,204
6,560
6,644
3,675
2.969
6,314
6,893
6,174
3 607
2,567
6,043
7,033
6,057
3 693
2,364
6,304
6 780
5,700
3 472
2 228
5, 672
6 816
5, 588
3 472
2 116
5, 253
7 152
4,974
3 241
1 733
5,123
7 004
4,806
3 040
1,767
4, 912
6,940
5,103
3 181
1,921
5,194
6 811
r 4, 893
r
2 974
' 1,919
' 5, 133
r
6, 571
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
6 392
6 998
4,800
3 183
2 099
5, 877
3 068
1 749
7,041
2,982
1,653
8,399
3 117
1 597
9,920
4 466
3,059
11,327
13, 597
8,358
26, 247
23, 198
3,049
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
5 300
7 522
54, 981
46, 896
8 085
o
0
o
7 022
48,815
41, 145
7 671
6 996
41, 974
34, 797
7 178
1 525
5,287
26, 142
20, 690
5,452
965
948
836
795
5 932
30, 587
24, 553
6 035
966
13, 745
8,056
32, 070
28, 526
3,544
1,125
844
932
103
134
127
89
90
134
71
112
110
92
74
98
1,246
1,196
1,233
1,056
1,223
1,069
1,076
1, 142
977
955
1,032
612
650
564
553
865
936
492
1,047
589
872
932
488
842
1 004
573
1,170
1, 106
648
553
826
995
528
151,016
86, 514
50, 819
137, 251
77, 111
45, 413
120, 801
73, 855
45, 415
114, 523
74, 333
45, 466
104, 046
73, 473
45, 515
93 156
63, 435
37, 500
95 612
72, 126
39, 657
85 565
70, 288
38, 266
81, 579
69, 078
37, 792
74 219
84 342
47, 125
69 094
74,515
39, 102
6,373
6,251
6,516
6, 249
6,472
6 353
6,202
6,024
6, 498
6 421
6,063
5 963
5, 779
5 703
5,580
5 525
4,811
4,809
4,959
4 892
r
4,503
4 505
4,624
P 4 692
1,977
2,298
2,368
2,511
2, 527
2, 660
2, 800
2, 764
2,829
2,858
' 2, 809
P 2, 728
54.80
54.50
55.00
56.22
56.00
56.50
56.23
56.00
56.50
56 10
56.00
56.50
56. 03
56.00
56. 50
56. 03
56. 00
56. 50
50 03
56.00
56. 50
56 03
56 00
56. 50
56. 03
56. 00
56. 50
56 03
56.00
56. 50
56 03
56.00
56.50
56 03
» 50 00
» 56. 50
141 340
107, 941
25,026
135,303
102, 880
24, 108
140 702
106, 788
25 354
114 088
84 945
17 784
123 2H1
9l'oi7
18 685
122 758
93, 577
20 058
116 520
88, 699
17, 756
122 310
92' 271
15 502
105 788
78 754
10 768
1
974, 153
1
150 512
1
110 926
1
39, 586
882, 034
153, 173
110 305
42, 868
797, 523
155 772
112 803
42, 969
740 127
143 239
103 113
40, 126
650, 533
142, 603
98 915
43, 688
637, 896
138 926
101 523
37, 403
539, 194
126, 888
94 164
32, 724
486, 547
130 224
95 529
34, 695
459 575
115 795
86 446
29, 349
9,406
8 883
9 463
8 690
7 946
7 951
7 083
6 971
92
95
90
80
75
74
7 290
94
69
68
71
.0524
.0524
.0524
. 0524
. 0524
. 0524
. 0524
.0524
. 0524
. 0524
72. 00
. 0438
72. 00
.0438
72.00
. 0438
72. 00
. 0438
72.00
. 0438
72.00
.0438
72.00
,0437
72.00
. 0437
72.00
. 0437
f 72. 00
f . 0437
45.60
40. 50
36. 50
3(5. 50
33. 50
30. 50
28.50
25. 50
26. 50
P 29. 50
326
51
144
2
Iron and Steel Scrap
Production and receipts, total*.thous. of short tons—
Home scrap produced*
do
Purchased scrap received (net)*
- do
Consumption, total
do
Stocks consumers' end of month. - do
P 5, 087
v 2 953
p 2, 134
p 5, 349
p 6, 313
Ore
Iron ore:
All districts:
Mine production
thous of long tons
Shipments
do
Stocks, at mines, end of month
-do
Lake Superior district:
Shipments from upper lake ports
do
Consumption by furnaces
-_ -. do
Stocks, end of month, total
do
At furnaces
.
do
On Lake Erie docks
— -do
Imports
do
Manganese ore, imports (manganese content)
thous of long tons
o
5,787
36, 386
29, 661
6,725
9 952
5 376
29, 563
24, 147
5, 416
Pig Iron and Iron Manufactures
Castings, gray iron:
1,272
Orders, unfilled, for sale ._ -thous. of short tons. .
1,186
Shipments, total
do
642
For sale
do
Castings, malleable iron:
160, 387
Orders unfilled for sale
short tons
82, 050
Shipments total
-do
48, Oil
For sale
-do
Pig iron:
6,587
Production
thous. of short tons..
6,546
Consumption
do
Stocks (consumers' and" suppliers'), end of month
1,887
thous. of short tons-_
Prices, wholesale:
54. 73
Composite
dol. per long ton
54.50
Basic (furnace)
.
do
55.00
Foundry, No. 2, f. o.b. Neville Island. -do
Steel, Crude and Semimanufactures
Steel castings:
139, 577
165, 649
164, 665
Shipments, total
short tons
105, 687
126, 380
125, 984
For sale, total
. _ . __
do
22, 925
29, 552
30, 381
Railway specialties
do
Steel forgings:
Orders, unfilled, for sale- _
do. - 1, 239, 057 1, 135, 343 1,080,582
191, 189
185, 323
155,288
Shipments, for sale, total
- do
112, 848
134, 686
132, 580
Drop and upset
do
52, 743
42, 440
56, 503
Press and open hammer
do
Steel ingots and steel for castings:
9,404
9,276
9,997
Production
thous. of short tons
93
97
100
Percent of capacityt
- -Prices, wholesale:
.0524
.0513
.0501
Composite, finished steel
..dol. per lb._
Steel billets, rerolling, f. o. b. mill
69.00
72.00
62.00
dol. per short ton..
,0413
.0438
Structural steel, f. o. b. mill.
dol. perlb_.
. 0413
Steel scrap, heavy melting (Pittsburgh)
39, 50
40. 50
44.50
dol. per long ton_.
r
7 473
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month . . thousands
Shipments
do
Stocks, end of month
_do
4,393
2 054
4, 459
2 086
3,901
1 975
4 013
2 026
81
90
117
94
3,748
3 404
3 538
3 238
3 231
4,052
3 141
3 066
3 101
9
] 681
101
1 950
1 600
1 892
2 003
1 848
1 950
1 908
90
71
'l23
73
07
62
78
68
88
r
l
Revised.
* Preliminary.
Data beginning August 1953 represent industry totals based on a different sample.
*New series. Data for hardwood plywood are compiled by the U. S. Department of Commmerce, Bureau of the Census; they cover all known market producers of hardwood types, except
as indicated. Earlier figures on a comparable basis are not available.
Douglas fir plywood production is compiled by the Douglas Fir Plywood Association. Data presented are total industry figures, based on reports from plants controlling, on the average,
approximately 90 percent of industry capacity. The monthly totals are estimated from weekly reports by prorating split weeks on the basis of a 5-day workweek, with allowance for generally
observed holidays. Comparable data for January-April 1953 are as follows (M sq. ft.): 276,330; 299,864; 339,097; 357,986. Later figures for 1953 will be published as they are made available by
the compilers in their current reports.
Data for production and receipts of iron and steel scrap are compiled by the U. S. Department of Interior, Bureau of Mines; data prior to 1953 are not available for publication.
OIn the 1952 edition of the export schedule, certain items (pipe fittings, welding rods, bolts, fabricated structural and other shapes) were transferred from the steel-mill products to the
metal manufactures category. The data through 1952 as shown in the 1953 edition of BUSINESS STATISTICS were adjusted to include exports of these commodities for comparability with the
earlier data. Exports beginning January 1953 as published in the March 1953 SURVEY and subsequent issues exclude these items which averaged 21,300 short tons per month in 1953.
9 Revisions for 1952 are shown in the April 1954 SURVEY.
tFor 1954, percent of capacity is calculated on annual capacity as of January 1, 1954, of 124,330,410 ton? of steel; 1953 data are based on capacity ;is of January 1, 1953, of 117,547,470 tons.
SURREY OF CURRENT BUSINESS
July 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-33
1954
1953
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
March
April
May
291, 408
' 164, 484
126,924
r
252, 096
1,410
31,680
323, 903
187, 779
136, 124
278, 292
1,386
31, 285
1, .309
29, 707
ary
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
browns, production
thousand gross..
t?teel products, net shipments:
Total
thous. of short tons. _
Bars1 Hot rolled, all grades
do.
Reinforclng
do
Semimanufactures
do
Pipe and tubes
do
Plates
do
Rails
do.
Sheefc
...
.
- do
Strip- Cold rolled
do
TTot rolled
_. ..
do_.
Structural shapes heavy
do
Tin plate and terneplato
.. _.
do..
Wire and wire products
do
r
305, 205
177, 976
127, 229
259, 822
1,307
29, 317
357, 767
220, 481
137, 286
311,575
1,348
31, 605
446, 772
299, 306
147, 466
407, 362
1,281
30, 752
506, 215
360, 564
145,651
457, 387
1,259
29, 155
484, 561
346, 645
137, 916
432, 830
1,226
2^244
368, 917
239, 111
129, 806
329, 545
1,283
24, 746
314, 408
190, 280
124, 128
280, 289
1,097
22, 378
192, 403
123,416
68, 987
155.000
1, 137
21, 972
264, 708
161,320
103, 388
224, 580
1,089
24, 581
260, 053
157,880
102. 173
225, 597
1,207
26, 572
7,209
873
159
352
828
698
161
2,003
187
214
417
459
449
6,950
843
157
329
847
614
162
1,924
190
210
397
441
426
6,583
794
166
295
801
587
156
1.957
151
161
414
405
328
6, 499
750
148
252
778
586
150
1,921
188
195
391
390
378
6, 401
723
163
232
833
586
162
1,864
191
192
393
340
349
6,727
758
161
232
864
644
164
2,003
194
180
442
361
329
5,904
633
140
190
728
609
182
1,768
169
151
443
303
270
5,685
586
125
190
714
633
185
1, 674
140
116
481
266
264
5. 728
569
111
169
664
572
178
1.738
123
127
473
411
292
5, 365
549
113
165
664
529
178
1,519
113
116
438
393
314
5, 584
546
125
161
748
544
166
1, 496
112
120
437
475
366
5, 288
479
146
153
765
457
122
1,481
99
111
384
445
375
5, 42;;
104, 152
427, 849
109, 285
390, 184
110, 545
442, 171
109, 333
402, 340
108,219
363, 945
105, 636
400. 077
110, 291
434, 958
116,247
438, 392
110, 483
462, 577
122,339
474. 966
120, 434
435, 681
125, 138
494
163
136
731
442
82
1,539
94
125
353
607
394
NONFERROIJS METALS AND PRODUCTS
Aluminum:
105, 464
Production, primary
.
short tons
345, 619
Imports, bauxite
lone tonsPrice, wholesale, scrap castings (N. Y.)
.0838
dol. per l b _ _
Aluminum fabricated products, shipments,
i ' 267. 0
total
mil.oflb
t * 57. 3
Castings
do
209.7
Wrought products total©
do
123.6
Plate and sheet©
-. .do
.429
Brass sheets, wholesale price, mill
dol. perlb._
Copper:
Production:
Mine production, recoverable copper
80, 850
short tons..
Crude (mine or smelter, including custom intake)
short tons. . 93, 197
117, 929
Refined
do
146, 215
r)eliverles, refined, domestic
. do
52, 762
Stocks refined end of month
do
8,669
Exports, refined and manufactured
do.
67, 662
Imports tot*il 9
do
32, 059
Unrefined, including scrap 9
do
35, 6U3
Refined 9
.. ...
..
do
.2968
Price, wholesale, electrolytic (N. Y.'Kdol. perlb..
Lead:
Ore (lead content):
29, 045
Mine production
short tons
28, 793
Receipts by smelters, domestic ore ... do
Refined (primary refineries):
43, 187
Production
,
.. do_
48, 914
Shipments (domestic)
do
63, 879
Stocks end of month
do
Price, wholesale, pig, desilverized (N. Y.)
.1275
dol. perlb..
Imports, total, except mfrs. (lead content) 9
43, 612
short tons..
Tin:
3,286
Production, pig§
,,
long tons
7,562
Consumption, pig, total §
do
4,985
Primary§
do
13, 592
Stocks, Dig, end of month, total§
do
2,135
Governments
do
11, 457
Industrial^
do.
Imports:
2,017
Ore (tin Content) _ . _ . _
_ do
6,739
Bars, blocks, pigs, etc . . .
do
.9746
Price, wholesale, Straits (N. Y.)
dol. per Ib
Zinc:
47, 790
Mine production of recoverable zinc.. .short tons..
Slab zinc:
82, 422
Production
do.
84, 250
Shipments, total
do
75, 648
Domestic
.. _. .. _
do
92, 452
Stocks, end of month
do
Price, wholesale, prime Western (St. Louis)
.1100
dol. per lb_.
75, 808
Imports, total (zinc content)
.short tons
338
For smelting, refining, and export 9
do
For domestic consumption:
47, 708
Ore (zinc content) 9
do
27,762
Blocks, pigs, etc
do
.0936
.1000
.0900
.0900
.0825
.0996
. 1033
. 0892
.0875
. 1)892
.1037
. 1092
' 262. 1
'56.5
205.6
121.2
.429
' 254. 0
' 51.2
202.8
123.4
.429
'241.4
'50.4
191.0
117.8
.429
' 237. 4
'53.3
184.1
111.8
.417
'241.2
' 55. 1
186.1
113.6
.417
' 199. 9
'51.0
148.9
89.4
.417
' 200. 8
'51.6
149.2
91.2
.417
205. 4
51 . 4
153.9
84.3
.417
196.5
51.2
145. 3
80.5
.417
226.2
56.2
170.0
1)3.0
.417
227.2
53.0
174. 2
96.9
.417
168.0
94.9
* . 417
73, 635
76, 492
75, 581
75, 442
80, 005
75, 165
77, 019
74, 697
65, 299
71,289
84, 948
127, 294
139, 300
58, 126
7,278
80, 943
39, 993
40, 950
.2969
88, 063
122, 036
104, 481
77, 100
13, 317
66, 200
48, 201
17, 999
.2969
84, 953
108, 974
106, 985
78, 825
18, 064
48, 348
32, 087
16, 261
.2961
86, 748
114, 760
104, 886
72, 907
18, 249
57, 676
48, 261
9,415
.2962
92, 435
126, 138
110,519
84, 303
18, 870
51 095
35, 351
15, 744
. 2960
85, 724
119, 230
100, 908
93, 274
15, 827
32, 414
26,011
6,403
.2965
88, 732
123, 296
112,244
89, 193
26, 416
32, 261
19,116
13, 145
. 2967
84,216
111,553
77, 091
108, 121
30, 472
34, 790
20. 533
14,257
. 2967
74,428
103, 496
89, 017
118,417
25, 499
55, 617
41, 155
14, 462
.2967
81,100
117, 546
95, 795
125, 759
19, 043
43,214
31,961
11,253
. 2969
28,349
30, 753
26, 364
27, 339
26, 083
27, 709
26, 474
27, 637
26, 652
27, 934
24, 671
26, 904
27,107
28, 812
24. 695
26, 202
27, 443
29, 342
29, 316
31,520
36, 880
44, 140
56, 569
40, 210
35, 652
61,017
38, 022
40, 836
58, 103
42,154
41, 598
58, 490
44, 741
44, 987
58, 236
52, 562
43, 234
67, 494
48, 687
35, 007
81, 152
48, 518
37, 108
92, 496
42, 046
36, 551
97, 981
50, 808
47. 837
100,927
.1350
.1350
.1350
.1326
.1282
?,
7
i
33
22
11
.2970
' 26, 844 " 25, 341
25, 762
28, 508
49. 139
40, 183
109, 302
.1294
. 1390
. 1400
51,708
49, 120
.1341
.1368
.1400
.1374
30, 796
41, 234
22, 039
34, 107
39, 873
30, 570
43, 043
46, 957
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, Oil
6,519
4,001
26, 164
13,086
13, 078
2,964
5, 826
3,698
28, 460
15, 717
12, 743
2,986
6,182
3,822
32, 928
18,467
14, 461
2,957
0, 260
4,060
35, 674
22, 767
12, 907
3,232
6. 350
4,230
39, 389
26, 646
12, 743
3, 804
7, 190
4, 720
38 204
26, 650
11,554
4,230
5,495
.9295
2,798
5, 821
.8163
1,214
6, 992
.8068
1,910
5,372
.8231
2 376
6 388
.8085
3,329
5, 067
.8319
2 781
6 176
.8483
2,417
3, 987
.8504
1 346
5 383
. 0188
46, 365
42, 305
40, 965
39, 188
38, 771
36,460
38, 852
38, 122
41,252
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
.1100
102, 632
143
.1100
66, 834
182
.1098
54,950
49
64, 206
38, 283
41, 600
25,052
1,821
6,745
2,477
9,085
64,173
86, 387
74, 416
86, 635
37. 745
78, 170
108, 403
111,005
82,111
46, 730
47 161
100,441
45, 891
3.648
5, 802
. 8461
' 68, 383 v 71,637
' 77, 463
112, 617
' 104. 579
124, 523
31, 235
46 547
32, 372
14, 175
.2970
207
230
850
271
152
119
1 217
5 021
. 961 2
. 9353
' 39. 945 » 39, 407
561
692
865
712
68, 020
66 738
57 781
199, 994
.1000
73, 246
4,454
.0976
66 323
2,455
.0938
63, 908
6,704
.0964
77 774
1,264
. .1025
39 112
2,054
36,198
9,509
58, 352
10,440
52, 419
11,449
48, 525
8,679
61,332
15, 178
3,840
6,327
2,782
5, 986
2,095
5.957
2,041
6,126
1,896
6,292
1,732
6, 906
2, 285
7. 453
103, 493
71. 687
62, 010
65, 238
44, 631
76, 858
44, 966
75, 110
43, 174
71, 251
47, 370
' 77, 203
73 5,54
64 566
61 859
209 828
21,439
15,619
47, 779
83.119
031
175
470
417
75, 891
68 685
63 617
165 623
.1018
53, 446
124
.1000
61 532
325
.1000
48, 538
2,831
38, 882
16, 019
42,062
11, 260
51, 095
10, 112
2,591
8,404
3, 345
7,909
3,336
7, 152
79, 735
81, 190
95, 622
77, 821
100, 955
67, 613
84
67
65
158
79
63
55
180
116
896
487
843
78
60
54
198
71
70
66
201
186
080
929
100
70
70
67
200
258
618
152
740
. 1029
HEATING APPARATUS, EXCEPT
ELECTRIC
Radiators and convectors, cast iron:o*
Shipments
thous. of sq. ft
Stocks, end of month.. _
do...
Oil burners: t
Shipments...
number..
Stocks, end of month
. do
' Revised.
v Preliminary.
1 Revisions for January-April 1953 (mil. Ib.): Total, 244.4; 241.1; 274.1; 281.5; castings, 55.9; 55.0: 59.2: 61.5.
©Data beginning January 1954 are based on a more comprehensive survey. Comparable figures for December 1953 (mil. Ib.): Total wroueht products, 150.7; plate and sheet 90 9
9 Revisions for 1952 imports are shown in the April 1954 SURVEY.
~
§ Substituted series. Compiled by the V. S. Department of Interior, Bureau of Mines; monthly data for 1951 and 1952 appear on p. 24 of the March 1954 SURVEY. 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 substantiallv complete coverage
of shipments of cast iron radiators and convectors.
^Revisions for January-July 1952 are shown in a footnote on p. S-33 of the January 1951 SURVEY.
S-34
SURVEY OF CURRENT BUSINESS
Julv 1054
1953
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
June
July
August j
1954
Se
gtem-
October
No
™°-
December
January
February
March
April
203 584
r 5, 643
188 519
9, 422
T
94 395
r
7, 242
r
44 691
r
42, 462
186 951
5, 876
172 762
8, 3i3
126 819
6, 804
77 109
42, 906
69, 280
39, 870
26, 827
2,583
184, 043
72, 472
43, 564
26, 869
2,039
196,767
May
METALS AND MANUFACTURES—Continued
II RATING APPARATUS^ 1 —Continued
Stoves and ranges, domestic cooking, excl. electric:
Shipments total
number
Coal and wood
do
Gas (incl bungalow and Combination) do
Kerosene, gasoline, and fuel oil
_do
5
Stove ' domestic heating s h i p m e n t s 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..
TTnit heater group new orders
do
Foundry equipment (new), new orders, nett
mo. nvg. shipments, 1947-49=100,.
Furnaces, industrial, new orders, net:
Electric processing
thous. of dol.
Fuel-fired (except for hot rolling steel)
do
Machine tools (metal-cutting 1 types):
New orders
mo. avg. shipments, 1945-47 = 100..
Shipments
_
- ..do
Pumps, steam, power, centrifugal and rotary, new
orders
thous of dol
Tractors (except garden), quarterly:*
Sh i Tim en ts total 0
do
Wheel type (excl. contractors' off-highway)
thous of dol
Track la vin^
do
197, 483
5, 075
181, 682
10, 726
154, 965
25, 503
78, 136
51, 326
179, 651
5. 435
167, 070
7. 1 46
216,485
27, 617
116,059
72, 809
171,491
5,796
159, 515
6,180
297, 809
47, 056
153,104
97, 649
203, 752
7, 006
187, 515
9, 231
396, 268
51, 841
221, 532
122, 895
227, 248
9, 636
209, 249
8, 363
479, 103
67, 332
239, 419
172, 352
222, 942
70, 814
37, 755
28, 297
4,762
185,873
92, 294
49, 314
36, 296
6, 684
172,243
90, 953
46, 939
38,318
5. 696
170,356
109, 172
54, 014
47, 210
7,948
159, 730
126, 181
59, 736
56, 280
10, 165
171, 779
121,467
52,711
14,831
7.543
176, 297
6. 876
205, 038
10, 361
401, 695
10, 1 51
244, 688
55,517
223, 002
123, 176
58. 374
53, 203
9, 890
185,388
60, 073
150. 392
5, 51 6
134, 904
9 972
97, 479
11,028
58, 326
28,125
151,397
4, 683
137 768
8,946
88 689
4,471
40 791
43, 427
168 062
6,110
153 515
8.437
74 542
6,117
33 364
35 061
86. 578
43. 137
37, 895
5, 546
148, 855
64, 285
33, 495
27, 984
2, 806
135,054
57, 192
30, 927
23, 862
2,403
161, 152
r
57, 217
30, 505
24 267
2,445
171 490
159.270
27.610
157.005
41,863
16,912
r
43, 197
16 699
48, 591
13 661
182.7
156.8
159.2
236. 3
127.7
«7.2
150.0
161.2
173.8
99.9
82.7
125. 3
80.8
1,799
2, 609
2,095
2, 550
2,241
1,983
1,711
5, 454
834
3, 003
1,531
1,868
1, 166
1 , 690
909
1,624
1, 356
1,832
994
1,686
2,042
1,119
1, 262
1,711
3,051
2 423
246.4
356.0
273.4
342.2
247. 3
267. 6
286. 9
299.6
223. 7
328. 3
146,6
348.4
::2o. 2
149.8
301.4
173.5
319.4
159.8
323.1
169.6
327.2
M42.8
' 302. 7
5, 690
5 53 3
4, 886
4, 845
5, 097
4,634
4, 645
4.057
4 272
5 093
6, 283
4,629
198.7
285, 078
206, 541
149 094
173 955
175,667
93, 086
112, 025
84,615
76 521
66, 201
p 1 39. 9
p 268. 6
105 302
60 907
ELECTRICA L EQUIPM ENT
Batteries (automotive replacement only), ship2,004
1, 455
ments
thousands. .
Domestic electrical appliances, sales billed:
88.3
80. 5
Refrigerators indexf
1947-49=100
252, 404
197, 506
Vacuum cleaners, standard type
number295, 393
313, 005
Washers
do
1. 108.991 11,163,831
Radio sets, production^
.
. do
Television sets (incl. combination), production?
number.. 481, 936 i 524, 479
Insulating materials and related products:
Insulating materials, sales billed, inclext
174.4
173. 9
1947-49=100..
Fiber products:
Laminated fiber products, shipments©
10, 299
10, 268
thous. of dol. _
Vulcanized fiber:
4, 673
4, 452
Consumption of fiber paper
thous. of lb._
Shipments of vulcanized products
1,870
1, 999
thous. ofdoL.
28. 551
23, 64 H
Steel conduit (rigicD, shipments* . ..thous. of feet
Motors and generators, quarterly:
186, 3
New orders indext
1947 49—100
Polyphase induction motors, 1-200 hp:f
46, 319
\T(iW orders
thou^ of dol
45, 863
Ballings
do
Direct current motors and generators, 1-200 hp-. f
8,821
i\Tew orders
thous of dol
10, 064
Billings
do
2, 528
2,707
2. 852
2, 825
2.173
1,890
1,788
1. 422
1,194
1,150
35.2
53. 1
216,227
190,773
244,144
200, 034
1 , 065, 785 '1,101,115
95 0
221, 233
256, 596
871,981
91.0
199,035
306 639
769, 232
80 0
276, 464
317,939
940, 352
73 ( i
220.845)
27?. 593
i 449, 787
420. 571
426, 933
599, cm
457, 608
87.4
1 59, 446
233, 191
674. 459
62. 2
62.6
46. 4
188. r,36
227, 253
249, 383
349. 342
296, 589
319,066
991,637 '1,216,525 1,052,493
316, 289
603, 760 i 770, 085
680, 433
561.237
1
1
1.396
•>01 , 653
254.017
79^ 104
396. 287
149.8
152. 8
152.6
154.4
129.6
133. 1
124. 0
120.0
136.0
124.0
8, 872
8,505
9, 222
9, 591
8. 879
8, 894
8. 345
8, 160
9. 598
9, 23 ri
8, 843
4, 033
4, 197
4, 287
4,287
3, 591
3, 571
3, 346
3, 370
3, 850
3. 266
3, 431
1, 645
34, 048
1, 720
16, S71
1,653
1 7, 057
1,716
18, 043
1, 367
17, 488
1,405
17, 75H
1, 421
16, 133
1, 451
17,230
1.535
20, 306
1 . 388
20. 770
1 . 237
171.3
144. (i
150 o
42, 088
41 186
36. 34 1
37 804
35 208
36 304
7, 883
1 1 , 490
9 131
7. 9 1 7
PETROLEUM. COAL, AND PRODUCTS
COA I.
Anthracite:
2, 370
Production
thous of short tons..
Stocks in producers' storage yards, end of month
1, 608
1,654
1,759 i
1,916
1, 656 |
thous. of short tons.1,384 i
271
323
254 !
159
Exports
do
193 i
130 I
Prices:
26. 16 |
26.K5 |
Retail, composite 9
dol. per short ton._
15.319 | 15. 550
14.944
Wholesale, chestnut, f. o. b. car at mine, .do
Bituminousrcf
38, 632
37, 350
Production
thous. of short tons..
34, 954
37. 082
34,055
29,657
31,456 i r 28, 3«0 \
Industrial consumption and retail deliveries,total
31, 561
32, 476
thous. of short tons. _ I 31,960
33. 492
39, 057
32, 962
34,134 j
'. 9f,8 I
Industrial consumption, total
do
' 29. 236
28. 720
29, 274
29.473 j
31,914
26, 560
27,969 !
, 187
Beehive coke ovens
do
j
853
783
641
644 !
476
106 i
59 i
Oven-coke plants
do
!
8, 993
8, 725
9,035 |
8, 946 I
8, 298
6,901 I
7,298 ;
Cement mills
do
i
692
668
'682 I
737
624 i
676 i
625
8, 293
Electric-power utilities
do
8, 758
9,287 j
9,390 j
10, 571
8, 798 !
9.614
438
Railways (class I)
do
j
2, 191 i
2. 334
2,168
2, 092
1,610 !
1.601 i
317
Steel and rolling mills
do
}
454
449
474
555
476 !
532 '
411
6. 985 I
Other industrial
do
t
7,164
7,597
7,160 !
9,185
8,045 I
8,189 !
952
2, 724
3. 202 !
2,841
Retail deliveries..-.
do
i
4,019 :
7, 143
6, 402 !
6,105 !
471
T
l
Revised.
*> Preliminary.
Represents 5 weeks' production.
cfRevisions for .January-July 1952 for heating apparatus and January-September 1952 for bituminous coal will be shown later.
*New series. Water-heater shipments are compiled by the Gas Appliance Manufacturers' Association beginning June 1953 and by the U. S. Department oj Commerce, Bureau of the Census,
for earlier months; data represent total shipments of gas water heaters based on reports from manufacturers representing 98 percent of the total industry: monthly data prior to August 1952 will
be shown later. Tractor shipments are compiled by the U. S. Department of Commerce, Bureau of the Census, from quarterly reports received from active manufacturers of complete tractors;
data represent total shipments reported by all producers of the specified types of tractors; (annual totals beginning 1922 are available upon request; data for the first three quarters of 195'J ;iro
shown in the January 1954 SURVEY). For description of new series for steel conduit, see note at bottom of p. $-35. t Revised to reflect use of new base period.
©Includes contractors' off-highway wheel-type tractors.
fRevised series, reflecting use of new base period; data prior to August 1952 will be shown later.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for June, September and December 1953 and
March 1954 cover 5 weeks; other months. 4 weeks. 0Data for January-October 1953 cover 17 companies, November-December, 18, and beginning January 1954, 19 companies.
T Data beginning 3d quarter 1953 for polyphase induction motors cover 33 companies; earlier data shown cover 34 companies. For direct current motors and generators, data beginning 1st
quater 1954 cover 26 companies, 3d and 4th quarters 1953. 27; 2d quarter 1953, 28 companies.
9 Revised to represent weighted average price of anthracite stove based on quotations in 6 cities as follows: Baltimore. Boston. Laconia (N. H.). Madison (Wis.), Middletown (Conn,),
and New York.
SUEVEY OF CURRENT BUSINESS
July 1954
S-35
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
June
July
August
September
October
November
December
January
February
April
March
May
PETROLEUM, COAL, AND PRODUCTS—Continued
COA L—Continued
B itum inous— C ontinued
Consumption on vessels (bunker fuel)
thous of short tons. _
Stocks, industrial and retail dealers', end of
month, total
thous. of short tons. _
Industrial total
Oven-coke plants
Cement mills
Electric-power utilities
Railways (class I)
Steel arid 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...
Oven (byproduct)
do
Petroleum coke cf1
do
Stocks, end of month:
Byproduct plants total
_
do
At furnace plants
do
At merchant plants
- - do
Petroleum coke
do
Exports
- do
Price, beehive, Connelfsville (furnace)
dol. per short ton._
79
73
72
73
66
66
54
19
5
4
5
29
72, 912
76, 026
74, 752
77,997
81, 005
82, 719
82, 381
80. 614
75, 741
75,194
72, 033
70, 595
69, 432
71, 660
13, 897
1,106
35, 880
2,571
935
1 7, 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
81,009
16, 609
1 505
40, 468
2 605
1,028
18 794
80, 642
16,720
1,541
40, 487
2 562
1,008
18 324
79 075
16, 486
1 461
39, 770
2 570
977
17,811
74, 531
14, 885
1 290
38, 090
2 432
931
16 903
74, 029
14, 730
1 173
37, 969
2 350
887
16 920
71 146
13, 887
1 068
37 468
2 167
830
15 726
69,611
12,856
1 071
37, 504
2 049
798
15 333
68 606
12, 596
1 090
38 299
1 839
740
14 042
826
1,252
1,551
1,599
1,610
1 633
1,710
1,739
1 539
1 210
1, 165
887
984
3,437
3,516
3,441
3,709
3,432
3,377
2,712
1 720
1 414
1,294
1 449
2,462
14.75
14.71
14.81
14.84
14 99
15 07
15. 10
15 12
15.14
15 13
15 12
5.810
6.428
5.796
6.491
5.796
6.572
5.698
6.665
5.698
6.721
5. 724
6.811
5.716
. 6.811
5.716
6.807
5 681
6. 837
5.607
6.787
5 481
6.429
543
6,282
370
498
6,127
350
408
6,340
374
409
6,311
384
371
6,033
377
373
6,181
364
314
5,894
380
298
5,795
386
166
5, 634
387
65
4,824
325
2,135
1,606
529
190
53
2,129
1,572
557
155
53
2,221
1 529
692
141
39
2,376
1,598
778
154
48
2, 475
1 624
850
157
39
2,513
1 630
883
121
40
2,658
1 698
959
137
34
2 727
1 682
1 045
172
29
2 787
1 715
1,049
209
36
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14. 75
2,378
198, 086
93
217, 074
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
2,487
194 108
91
213,017
2,134
188 315
93
209, 599
280, 308
71,011
191, 556
17, 741
283, 715
73, 527
191, 879
18, 309
284, 976
74, 269
192 450
18, 257
285, 352
73, 982
192, 366
19,004
289, 614
73, 991
197, 175
18, 448
287 541
72, 959
195 972
18, 610
283 021
71, 634
192 585
18, 802
1,611
20, 709
2.570
1,824
21, 559
2.820
1,232
19, 287
2.820
1,321
19, 125
2. 820
1,109
21, 876
2.820
1, 178
19, 190
2.820
43, 393
37, 120
43, 860
37, 151
44 682
37, 942
44, 539
37, 894
43 433
36 098
45 331
36 716
14 99
14 70
5. 403
'6.375
" 5 371
f 6. 320
37
5, 110
395
35
4, 658
386
28
4,772
2 744
1 649
1 096
222
26
2 719
1 525
1 194
260
29
2,860
1 579
1 , 2P.1
299
24
3 012
1 657
I, 355
14.75
14.75
14. 75
14.75
14. 75
2 253
193 378
92
215,892
2 599
193 453
91
215, 366
2 169
178 603
91
197, 914
2 563
201 702
88
214, 620
2,486
198 440
86
204, 336
276
72
185
18
676
738
165
773
270, 811
70, 661
180 876
19, 274
266
70
177
18
271
73
180
18
1,052
17, 919
2.820
1,378
19 841
2.820
1,588
17 932
2.820
795
17 643
2.820
873
21 683
2.820
1,418
17 259
2. 820
43 901
36 684
44 ^63
38 652
i 45 474
39 398
i 43 256
34 754
i 45 204
36 222
i 41 218
34 215
1
1
52 840
46 978
i 54 222
48 902
1
5 699
873
5 494
6 456
815
5 985
r
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed J
number. _
Production^
thous. of bbl
Refinery operations
percent of capacity. _
Consumption (runs to stills)
thous. of bbl_
Stocks, end of month:
Qasoline-bearing in TJ S., total
do
At refineries
.
do
\t tank farms and in pipelines
do
On leases
- - do
Exports
do
Imports
- - do
Price (Oklahoma-Kansas) at wells, .-dol, per bbl__
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oilj
thous of bbl
Residual fuel oilj
do
Domestic demand:
Distillate fuel oil i
do
Residual fuel oilj
do
Consumption by type of consumer:
Electric-power plants
_ do
Railways (class I)
do
Vessels (bunker oil)
-_
do
Stocks, end of month:
Distillate fuel oil
-. _.
do
Residual fuel oil
do
Exports:
Distillate fuel oil
do
918
916
242
760
867
068
304
495
r
280 310
75, 852
185 995
18, 463
28, 574
44, 729
30, 389
43, 045
25, 140
41, 330
26, 435
41, 362
34, 597
42 697
34, 379
44 349
44 061
47 280
64 013
54 092
6,087
1,735
7,090
6,116
1.938
6,747
6,347
2 008
6,720
6,552
1,811
6,578
6,155
1 671
6 746
6 778
1 745
6 259
6, 908
1 428
6 095
7 61H
1 237
6 612
8 285
1 031
6 031
73, 706
41, 795
84, 504
43, 801
102, 394
47 966
119, 542
50 007
126, 709
50 516
135, 409
50 820
133, 381
51 267
111 944
49 370
i 81 044
47 474
2,597
1, 591
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
.093
dol. per gal _.
.850
Residual (Okla., No. 6 fuel)
dol. per bbl. .
Kerosene:
10, 132
Production
thous. of bbL.
5,603
Domestic demandj
do _
24, 307
Stocks end of month
do
500
Exports
do
Price, wholesale, bulk lots (New York Harbor)
.103
dol. per gaL.
Lubricants:
4,572
Production __
thous. of bbl._
3,444
Domestic demandj
do
10, 873
Stocks, refinery, end of month
..do
1,012
Exports
do
Price, wholesale, bright stock (midcontinent,
.205
f. o. b. Tulsa)
dol. per gal._
2, 721
1,646
2,143
1, 400
1 460
1,728
2 031
1 659
2 386
2 088
2 156
1 612
2 362
1 514
1 616
1 3K5
1 275
1 756
1 516
2 110
] 911
1 637
.093
.950
.093
1.050
.093
1.100
.093
1.100
.098
1.200
.100
1.350
. 095
1. 450
.095
1.500
.100
1. 450
.097
1.200
.095
1.150
9,795
5,467
27, 659
904
9,945
5,982
31 143
404
9,940
4, 945
35 711
384
9,897
7,802
37 280
469
11,007
9 725
38 161
325
10, 624
11 947
36 271
469
11 704
18 229
99 070
623
i 12, 086
i 18 287
i 22 013
418
p 2. 820
74 809
54 976
' 70 390
47 119
1
11 542
i 12 682
i 20 183
'609
1
60 270
44 249
1
10 943
12 990
i 17 533
564
1
38 269
42 3Q2
4 783
638
6 381
1
4 250
01 721
44 362
i>.092
p 1. 100
1
9, 665
!
6 893
i 19 656
584
.103
.103
.103
.103
.108
. 110
.105
.105
.110
.107
.105
4,293
3,470
10, 611
1,020
4,321
3,905
9,879
1,105
4,627
3,646
9,684
1,068
4, 562
3, 563
9,700
924
4,647
3, 384
9,726
1, 190
4,553
3 211
9,846
1 184
4,572
3 041
10, 070
1 193
4,408
2,994
10, 472
965
4,221
2 720
10, 646
1 282
4 376
3 579
10, 385
1 002
4 204
3 321
9,745
1 456
.195
.225
.205
.205
.205
.205
.195
.190
.190
.190
.180
*.102
p . 180
•• Revised.
* Preliminary.
i Beginning January 1954, jet fuel (formerly included with gasoline, kerosene, and distillate fuel oil) is excluded. Jet fuel for April 1954 (thous. bbl.):
Production—from gasoline, 2,250; from kerosene, 708; from distillate, 271; domestic demand, 3,095; stocks, 2,861.
t Revised series. Data represent weighted averages based on quotations in 26 cities for all sizes of bituminous coal.
cf Includes nonmarketable catalyst coke. Such production for January-April 1954 is as follows (thous. short tons): 156; 122; 139; 138.
^Revisions for 1952 appear on p. S-35 of the February and March 1954 issues of the SURVEY.
NOTE FOR STEEL CONDUIT SERIES, p. S-34. * New series. Compiled by the National Electrical Manufacturers Association from reports of 11 manufacturers representing
approximately from 70 to 80 percent of the industry. The figures comprise shipments of galvanized and black enameled rigid steel conduit and cover both the domestic and export market,
including sales from consigned stock.
SURVEY OF CURRENT BUSINESS
S-36
July 1954
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
June
July
August
September
October
November
December
January
February
March
April
May
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products— Continued
Motor fuel:
Gasoline (including aviation) :
107, 243
Production totalt
thous.ofbbl
Gasoline and naphtha from crude oilt
thous. of bbl- . 96, 091
8,255
Natural gasoline used at refineries
do
2,897
Natural gasoline sold to jobbers^ - do
105,918
Domestic demandt
do
Stocks, end of month:
147, 371
Finished gasoline
-- do
82, 322
At refineries
do
9,044
Unfinished gasoline
do
10, 359
Natural gasoline and allied products do
2,185
Exports
do.Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
.104
dol. per gal_.
.129
Wholesale regular grade (N. Y.)
do
.206
Retail, service stations, 50 cities
do
Aviation gasoline:
7,907
Production, total
thous. of bbl__
6,748
100-octane and above - -- do
9,828
Stocks total
do
5, 348
1 00-octane and above -do
Asphalt:©
6,451
Production
do
10, 834
Stocks refinery end of month
_.
do
Wax:O
439
Production
- _-do -510
Stocks, refinery, end of month
do
Asphalt products, shipments:
5,474
Asphalt roofing, total
thous. of squares-Roll roofing and cap sheet:
1,042
Smooth-surfaced
- do 1,232
A/Tincral-surfaced
do
3,201
Shingles all type°>
do
113
Asphalt sidings
-do
70, 807
Saturated feltscf
short tons
106, 943
114, 123
114, 321
107, 729
109 061
108, 623
95, 051
8,948
2,944
114, 703
101, 563
9,511
3,049
112, 960
101, 833
9,502
2,986
109, 124
95, 644
9,991
2,094
106, 158
96, 166
10 380
2 515
106 037
95, 722
10 145
2,756
99 210
137,863
78, 429
8,333
11, 054
2,018
135, 724
75,545
8,192
11, 253
2,762
137,972
77, 262
8,078
11, 959
2,509
136, 192
76, 698
7,992
12,636
3 013
136 398
74, 930
8 097
13 193
2 018
142 472
78, 021
8 275
12, 223
2 560
.104
.129
.221
.114
.142
.222
.114
.142
.220
.114
.142
.220
.114
142
.218
.113
142
.221
7,811
6,830
9,163
4,900
7,793
6,568
9,516
5,253
8,153
7,013
9,941
5,700
7,894
6,655
10, 099
5,640
7,337
5 994
10 678
5 965
7,074
6 120
10 162
5 856
7,680
9,586
8,243
8,429
8,366
7,094
7 689
5,709
7 081
5 541
441
506
398
503
397
524
420
510
5,276
5,590
6,412
1,031
1,143
3,102
102
64, 994
1,223
1,182
3,185
123
67, 690
1,426
1 381
3,605
148
81,386
112 473 i 106,373
1
i 94, 336
9 633
2,404
1
89 852
1
99 525
9 873
3 075
100 225
151 129 i 163 532
86' 761 i 97, 997
8 172
8 820
10 334
10 428
2 4H
2 083
97, 330
1
104, 612
1
102 120
1
85, 244
91, 851 1 90 074
8 987
9 240
8 861
3,099
3 521
3 185
1
86 206 i 101 549 i 103 866
1
1
172 207 1 173 060 i 168 301
106, 821 i 104 344 i 99 155
7 743
8 237
8 705
10, 575
11 447
12 295
2 348
1 333
1 888
.111
137
.218
.108
135
.216
.108
135
.216
676
230
172
498
7,245
6 156
10 773
5 759
6,991
5 580
11 099
5,380
7,359
6 220
11 486
5 719
7
5
11
5
5 181
6 244
3 888
7 314
3 447
8 370
3 956
9 589
4 895
10 970
5 392
11 530
436
530
434
558
420
538
442
598
420
619
478
644
434
612
5,939
5,811
4,126
2,698
2 565
2,846
3,824
4,923
5 375
1,278
1 373
3,289
158
71, 550
1 259
1 394
3 158
185
76 120
911
1 030
2 185
138
60 241
596
661
1 441
107
48 872
573
673
1 319
89
47 989
637
670
1 540
94
93 417
r 2 175
1 005
1 Oil
2 907
1 021
1 075
3 279
.111
141
.220
7
6
10
5
r
.108
135
.214
806
843
v , 10S
v 135
v . 218
209
806
685
582
113
114
58 865
76 091
2 000
2 371
r 5 288
116
2 03i2 455
4 869
r
55 760
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128 cu. ft.) _.
Consumption
do
Stocks end of month
do
Waste paper:
Receipts
.- -.
.short tons-Consumption
- do..
Stocks end of month
do
1,875
2,406
5,063
2,259
2,370
4,947
2,436
2,176
5, 205
2,697
2,470
5,433
2,494
2,306
5,628
2,522
2 548
5 601
2,367
2 380
5 582
2,220
2 157
5 639
2,393
2 387
5 639
2,388
2 191
5 835
2,292
2 473
5 672
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
772 202
754 254
442 481
682 394
667 762
452 079
646 134
620 455
r 473 791
620 217
648 266
454 246
628 731
639 813
443 016
719 354
716 052
447 363
r 686 600
r 668 050
r 462 592
663 205
672 977
453 Q19
1, 519
57, 914
812, 940
201,416
35, 828
209, 324
99, 650
1,483
63, 469
800, 485
188, 431
35, 639
199, 893
98, 260
1,352
45, 587
724, 651
168, 730
31, 325
190,159
97, 351
1,546
68, 163
844, 347
192, 556
37 544
205, 005
92, 031
1,434
64, 270
775, 930
183, 200
35 531
186 093
89, 092
1,573
51 716
868, 864
204 710
38 485
202 922
96, 853
1,504
63 116
830, 754
191 913
35 442
189 442
91, 576
1 337
45 016
720, 957
184 693
34 343
191 255
82, 766
1 487
59 370
808, 709
201 593
38 590
201 614
82, 246
1 362
61 ' 837
735, 303
182 715
35 213
185 446
76, 057
1 541
63 338
832, 420
210 086
40 182
209 157
80, 987
r 1 434
56 703
792,919
199 339
37 841
r 200 064
' 96, 615
1 572
60 742
854, 198
205 924
39 831
205 643
101, 026
176, 890
41, 965
* 46, 231
1,348
37 271
175, 179
36, 343
42, 988
1,497
35, 187
154, 215
36, 725
38, 319
1,582
32, 525
163, 100
42 459
37, 636
1 874
31 204
153 880
40 615
28,206
2 677
27 555
145 601
28', 028
3 208
25* 849
156 634
43 766
29, 492
3 298
25 980
148 629
41 ?52
32, 808
2 957
27 298
155 081
42 188
33, 457
3 754
28 436
159 946
44 248
32, 363
3 657
29 056
164 003
44 329
33, 262
3 608
29 494
161 745
43 819
33, 062
3 3g£
29 965
178 O'il
52 093
37, 344
4 373
30 849
8 672
191, 660
20, 461
83 397
61, 457
2,429
23, 462
11, 885
198, 103
23, 614
84, 371
61, 293
2,604
25, 572
13 285
160, 774
23, 848
63 381
48, 628
2,499
21,853
9 236
186, 924
22, 303
79 701
62, 304
2,594
19, 380
11 712
179, 473
22, 911
68 156
60, 714
3,259
23, 417
17 958
183^ 914
24, 125
68 156
57, 870
3,726
26 765
17 162
174, 942
23, 603
62 278
60, 768
3,328
23 086
28 965
177 164
17, 232
76 627
57, 990
3,297
20 862
14 291
144 406
16,210
60 617
46, 507
3,048
16 386
19 675
171 833
18' 302
73 943
54, 757
2,912
21 309
9fi RQfi
e\A 99Q
178 770
20 451
76 531
57, 522
3 502
19 301
152 845
22 309
T
T
WOOD PULP
Production:
Total, all grades thous. of short tons..
Dissolving and special alpha
short tons
Sulphate (paper grades)
do
Sulphite (paper grades)
do
Soda
- do
Ground wood
-- -- - -- do._
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total all grades
- short tons
Sulphate (paper grades)
- do
Sulphite (paper grades)
_do
Soda
-»- -do
Exports all grades total
Imports, all grades, total c"
Dissolving and special alpha. __
Sulphated"
Sulphite (paper grades)
-..
Soda
Groundwood
-
do
do
do
do
do
do
do
r
r
43' 100
r
fiA 91 n
45 513
2 555
15 866
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
2,263
thous. of short tons.2,298
2,042
2,263
2,225
2,186
2,409
2,023
2,164
2,043
Paper (inch building paper)
do
1,067
1,085
1,082
981
1,065
1,046
1,158
1,012
1,066
1,014
090
1,071
1,052
941
1 100
Paperboard
- -. do.
1 053
1 031
1 134
916
996
iftfi
Q5
109
117
107
120
125
126
Build ing board
do
im
'lift
r
Revised.
Preliminary.
i See corresponding note on p. S-35.
.
^Revisions for 1952 (old basis) appear on p. S-36 of the February 1954 SURVEY; revisions for 1952 (comparable with data for 1953) will be shown later
O Asphalt— 5.5 bbl. = 1 short ton; wax— 1 bbl. =280 Ib.
d* Revisions for 1951 for saturated felts and 1952 for wood-pulp imports will be shown later.
2,303
1,136
1
' 2, 186
r
l, 074
H4.1
QQfl
1OA
19ft
2,239
1,078
1 030
'i.3n
S-37
SURVEY OF CUKKENT BUSINESS
July 1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
May
June
July
August
1954
September
October
November
December
January
February
March
April
May
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) :t
Orders new
short tons..
Orders, unfilled, end of month
do
Production
_
do
Shipments
do
Stocks, end of month
do
Fine paper:
Orders new
-- do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
.
do
Printing paper:
Orders new
-- do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English finish, white, f. o. b. mill.. dol. per lOOlb..
Coarse paper:
Orders new
short tons..
Orders unfilled end of month
_ do
Production
do
Shipments
.
do
Stocks, end of month
do
Newsprint:
Canada (incl. Newfoundland) :
Production
do
Shipments from mills
do _
Stocks at mills end of month
do
United States:
Consumption by publishers..
do
Production
-- --- do
Shipments from mills
_
do
Stocks, end of month:
At mills
do
At publishers
do
In transit to publishers
- do
Imports
do
Price, rolls, contract, delivered to principal
ports
dol. per short ton
Paperboard (National Paperboard Association) :
Orders new
short tons_.
Orders unfilled end of month
do
Production, total
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments}:
mil. sq.ft. surface area..
Folding paper boxes, value:
New orders
.1947-49=100..
Shipments
do
856, 552
857, 394
852, 229
861, 210
r 634, 068 ' 631, 884 ' 679, 219 ' 670, 616
872, 696
852, 103
785, 661
868, 688
873, 123
853, 480
795, 157
867, 756
' 412, 005 ' 409, 929 ••392,543 r 395, 664
103, 939
' 59, 837
112, 343
109,820
' 92, 512
106, 914
110, 098
' 59, 870 r 78, 603
108, 556
91, 846
106, 764
93, 699
' 97, 500 ' 90, 330
297, 385
308, 394
310, 681
>• 315, 924 ' 323, 335 ' 340, 284
302, 870
298,215
280,905
300, 510
299, 593
282, 611
' 153, 408 r 151, 914 ' 150, 218
13.55
r
290, 418
136, 732
292, 593
295, 808
74, 737
13.72
13.80
104, 843
' 72, 745
108, 168
108, 020
' 86, 504
280, 988
r 313, 732
308, 446
301, 142
157, 512
13.80
272, 040
270, 964
308, 039
' 127, 870 ' 140, 651 »• 168, 164
279, 036
256, 249
286, 756
275, 893
257, 445
287, 776
r 75, 256
' 74, 160 r 77, 120
875, 002
800,817
871,848
801, 866
917, 863
818, 131
" 695, 869 ' 654, 898 ' 617, 679 r 589, 958 ' 584, 558 ' 561, 091
883,841
832, 975
854, 827
857, 709
936, 711
838, 559
884, 315
848,200
847, 182
834, 170
817, 427
937, 805
••396,041 ' 391, 840 ' 401, 608 ' 406, 868 r 394, 618 "406,158
100, 159
r 69, 503
108, 598
105, 535
' 91, 638
109, 887
' 59, 259
115, 846
116, 817
' 86, 660
314, 921
311, 553
r 344, 560 r 317, 830
294, 782
321. 420
292, 487
315,040
r
159, 694 r 164 379
13.80
13.80
95, 228
' 52, 406
106, 106
100,050
' 92, 554
96,009
' 49, 334
104, 122
100,360
' 99, 271
274, 906
302, 577
r 312, 937 r 311, 864
296,073
289, 628
299, 811
290, 655
159, 614
160,641
13.80
13.80
102, 345
r 56, 967
103, 041
106, 930
r 92, 357
' 939, 598 ' 843, 803 839,000
" 592, 116 ' 546, 268 516, 295
870, 000
r 927, 526 «• 874, 585
' 916, 598 ' 876, 954 861,000
' 408, 761 418, 815
' 412, 529
100, 984 r 114, 482
'58, 725 r 57, 995
102, 297 ' 115, 847
101, 987 ' 110, 927
' 93, 035 ' 95, 555
' 105, 320
' 57, 260
••111,501
' 109, 538
'98,000
111,000
55, 000
112, 000
110, 000
100, 000
' 342, 798
' 294, 740
r 322, 188
' 323, 037
r
165, 570
' 279, 943
' 258, 238
' 303, 684
"311,678
' 157, 576
281, 000
238,000
294, 000
296, 000
155, 500
298, 488
r 291, 065
306, 062
304, 212
r
161, 460
265, 291
r 268, 590
283, 994
279, 074
r
166, 420
13.80
13.80
13.80
13.80
f 13. 80
276, 000
272, 375 ' 296, 475 ' 276, 225
288, 155
293, 628
268, 476
260,949
313, 043
113, 000
' 166, 131 ' 167, 392 «• 149, 353 ' 121, 145 ' 126, 855 ' 127, 052 r 124, 040 ' 117, 975
283, 163
290,817
278, 203 ' 302, 944 ' 276, 575 286, 000
297, 093
313, 984
279, 291
r
281,000
277, 423
280, 828
271, 865 'r297, 929
317, 495 r284, 222
281, 243 r290,916
92,000
«- 75, 060
' 86, 525 88, 295 ' 85, 870
' 75, 423 81, 453 r 76, 356
85, 460
480, 239
467, 656
195, 856
463, 193
486, 389
172, 660
491, 254
494, 212
169, 702
484, 507
498, 506
155, 703
467, 431
482, 598
140, 536
510, 772
506 544
144, 764
473, 176
491, 450
126, 490
473, 325
488 571
111, 244
476, 151
452, 470
134, 925
457, 927437, 780
155, 072
515, 482
481, 487
189, 067
500, 199
503, 292
185, 974
497. 221
497, 561
185, 634
429, 562
92, 405
91, 168
381, 186
90, 727
89, 640
340,044
88, 121
90, 755
359, 133
90, 824
92,295
385, 386
85, 966
85, 824
429, 509
97, 112
96, 288
427, 904
92, 385
90,847
388, 237
89 656
90,240
363,057
96, 284
95, 132
345, 642
88, 197
86, 219
400, 311
98 115
100, 585
414, 877
89, 839
88, 968
422, 157
96, 670
98,716
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
464, 899
87 468
412 584
8,026
477, 800
73 969
448 251
9,178
470, 536
88 739
356 455
11, 156
488, 503
96 457
391 503
8,686
495, 871
85 178
454 297
9,557
484, 226
81 181
399 824
7,511
446, 739
72 300
125. 25
125. 25
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125 75
125 75
* 125 75
973, 300 1, 105, 200 1, 139, 300 1 078,600 1, 021, 400 1 011,200
525, 400 r 482, 400 r 537 900
423 700 r 385 700
392 400
939, 700 1, 122, 400 1, 069, 600 1 170 700 1, 051, 000
992 200
885, 400
330 800
937, 700
1, 040, 100 1, 152, 100
459, 800 r 494, 800
1,073,400 1,092,000
T
96
93
6,889
7,119
6, 541
162.5
152.7
174.6
155.6
162.6
143.9
1, 359
1,069
993
815
178
736
568
168
94
97
94
79
7,152
7,518
7,382
6,730
6,356
176.9
158.4
160.5
169.2
172.7
177 7
149.5
152 8
156.4
154 1
1 014
844
738
106
1 323
1 132
'l91
1 079
81
921, 700 1 140,400 997, 400 1 086 600
321 000
424 900
364 200
369 100
926, 800 1 064 400 1,014 600 1 056 500
89
90
88
90
5,815
5 966
7 153
6 952
6 702
174.0
161 9
182.3
166 0
214.7
183 0
198 6
180 2
164 5
163 2
974
789
185
826
650
176
878
707
171
1 102
1 101
1 3Q1
1 101
42, 400
112,316
45,947
46, 960
112,679
47,140
46,897
115, 228
42,645
53,709
112,829
47,721
89
PRINTING
Book publication, total
New books
New editions
-
number of editions .
do _
-do
2ro
800
214
867
212
855
247
894
207
290
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons.
Stocks, end of month-..
do...
Imports, including latex and guayulef
do
Price, wholesale, smoked sheets (New York)
113, 532
56,126
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
43,251
112, 677
49, 743
«• 51, 451
• 106. 564
49,855
51,468
103,806
.214
.212
dol. per lb_
.250
.245
.239
.234
.235
.200
.206
.209
.204
.200
.203
long tons.
do
_do.-__do.--
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
60,677
58,652
167,625
2,244
57,170
58, 515
166, 724
1,712
57, 221
52,670
166, 523
2,359
59,373
50,902
175,845
2,688
57, 299
50,173
180,839
1,397
53,356
49,060
183,405
2,103
55,835
56,060
184,284
2,923
46, 554
47, 581
' 53,654 52,122
• 174,983 167,918
2,358
do
do.__
do_..
Chemical (synthetic):
Production..
Consumption
Stocks, end of month
Exports.
_
Reclaimed rubber:
Production.
Consumption.
Stocks, end of month.
26,839
25, 213
31, 763
26,315
24, 637
32, 791
23,001
23,414
31,506
22, 532
22,666
30,318
23,360
22,409
30,147
23,534
21,944
30, 692
21,191
19,638
31,226
21,208
18,858
32,319
19, 960
19,114
31,865
21,000
19, 461
32, 393
23,305
22,882
32,148
' 21, 628 21,158
r
21,883
20,425
' 31,359 31,614
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
7,148
7,424
2,837
4,438
149
13,287
158
7,664
7,573
3,155
4,246
172
13,446
137
6,566
5,085
2,221
2,729
135
14,854
132
6,481
5,667
2,620
2,903
143
15, 720
137
6,299
7,002
2,891
3,993
118
14,977
106
7,042
146
14,883
137
7,416
8,798
3,130
5,523
145
13, 550
142
2,634
3,557
117
15, 709
119
7,981
7,629
3,163
4,350
116
16,077
8,065
8,243
3,131
4,935
176
15,906
178
7,965
8,319
3,020
5,115
184
15, 504
6,940
6,586
12, 592
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
5,752
5,960
10,904
75
4,738
4,006
11, 611
70
4,533
4,625
11, 564
68
5,395
6,834
10,107
50
5,896
5,617
10, 448
61
6,399
6,013
10,869
49
6,266
6,001
11,234
5,909
6,002
11,170
TIRES AND TUBES
Pneumatic casings:
Production..
Shipments, total
Original equipment..
Replacement equipment
ExportStocks, end of month
Exports
_._
Inner tubes:
Production
Shipments
Stocks, end of month
Exports
,
_
thousands..
do
_..do
do
do....
do
do
do
do
do
do
f Revised.
* Preliminary.
{Revisions for 1947-April 1953 for paper will be shown later; data prior to 1947 for unfilled orders and stocks of paper are on a different basis from revised figures, hence not comparable.
Revisions for January 1952-February 1953 for shipping containers and for various months in 1952 for rubber imports appear in the May 1954 SURVEY.
c u* u;i, w. i*u<tu«;.
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
July 1954
1954
1953
May
June
July
August
September
October
November
December
January
February
March
April
May
163, 553
162,256
23, 256
97
24, 888
25, 412
10, 34£
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
166, 452 ' 158, 773 ' 179, 124
183, 075
172, 177
160, 350
186, 236
202, 356
167, 782
187, 434
22, 698
Coated abrasive paper and cloth, shipments ..reams. . 178,323
24, 134
100
26, 480
19, 204
7,829
24,289
101
27, 092
16, 445
6,652
23, 795
102
27, 433
12, 859
5,001
24, 738
103
27, 556
10, 049
4,109
22, 529
97
19, 494
13, 083
4,022
20,243
84
14, 130
19,231
5, 349
17, 769
74
11,143
25, 869
8,240
16, 895
78
15, 202
27, 562
10, 091
20, 084
83
18, 740
28,903
11,918
21, 709
93
23, 567
27, 045
11, 790
r
r
456, 985
380, 495
377, 536
294. 766
376, 203
382, 387
473, 662
460, 448
514, 238
532, 442
28. 147
28. 033
28. 033
28. 033
r
132, 725
r
95, 623
118,054
84, 965
123, 951
100, 596
145, 251
129 280
138, 364
143, 050
r
76, 844
' 62, 907
67, 871
55, 146
72, 370
64, 521
81 025
77, 972
83, 211
80, 703
10, 009
8 820
9,748
8 455
11, 200
11 923
PORTLAND CEMENT
Production
Percent o f capacity
Shipments
.
Stocks, finished, end of month
Stocks clinker end of month
thous. of bbL.
thous. of bbL.
do
do
23, 399
97
22, 924
25, 247
9,401
r98
26, 400
21, 542
8,832
CLAY PRODUCTS
Brick, unglazed:
Production J
thous of standard brick
Shipments}:
do _ .
Price, wholesale, common, composite, f. o. b.
plant
dol. pei thous
Clay sewer pipe, vitrified :t
Production
_
short tons .
Shipments
_ . _ do- Structural tile, unglazed:|
Production
- -•• do
Shipments
.-do
' 506, 855
'502,326
r
r
540, 453
550, 574
r
r
146, 893
140, 122
529, 116
546, 014
r
r
137, 889
145, 608
27. 839
27. 791
»• 140, 885
•-131,431
r
r
' 80, 231 ' 82, 657
' 84, 887 ' 86, 445
r
r
533, 992 r 538, 515 r 545, 504
523, 507 ' 559, 519 ' 553, 979
27. 957
28. 100
r
r
140, 372
148, 249
' 146, 314
r
148, 030
27. 957
r
r
86, 223
84, 583
r
r
85, 193
77, 760
r
r
496, 810
474, 163
r
r
136, 317
124, 789
28. 147
28. 100
r
T
145, 718
154, 689
' 84, 430 •• 87, 313
' 76, 829 ' 83, 163
r
r
83, 608
74, 672
f
28 151
v 28 151
GLASS PRODUCTS
Glass containers:
Production _
thous. of gross ..
Shipments domestic total
-do
General-use food:
Narrow-neck food
do
Wide-mouth food (inch packers' tumblers,
jelly glasses, and fruit jars), -thous. of gross. _
Beverage (returnable and nonreturnable)
thous. of gross .Beer bottles
do. Tjiquor and wine
do
Medicinal and toilet
do
Chemical household and industrial--- do ...
Dairy products
do
Stocks, end of month
-do _.
Other glassware, machine-made:
Tumblers:
Production
_
thous. of dozens. .
Shipments
do
Stocks
- - do
Table, kitchen, and householdware, shipments
thous. of dozens. -
11,084
10,421
11, 184
10, 689
11, 759
10, 847
10, 445
10. 781
11,332
10, 448
9,110
9, 533
r
1 314
945
844
1 116
1 688
1 057
754
745
805
779
1 364
10, 751
9 291
r ] 145
2, 922
2,850
2,772
3,401
2:992
3,017
2,581
2,650
2,842
2,593
3,392
2,519
2, 869
1,149
1, 111
1 070
2 047
860
215
9, 915
1,317
1, 181
1 024
1,964
915
226
10, 237
1,127
1 393
924
1 882
833
242
10 651
716
1,274
929
2 137
972
302
11 208
440
1.104
1 128
2 153
943
334
10, 540
511
908
1 471
2 232
942
310
11,005
703
553
1 343
2 120
733
272
11 401
1,138
703
1 003
2 130
731
433
10, 701
346
514
937
2 262
878
234
11,520
350
549
913
2 175
930
166
12 563
600
916
1 358
3 013
1 096
184
11 991
'776
r
817
r
923
r
1 Q85
r
933
193
13 099
1,00?,
1 168
1 051
2 2^
932
196
13 745
6,049
5 951
10, 705
5. 296
4 800
11,089
3 861
4 931
9 953
- 5, 705
5 389
10 107
4, 810
4 785
10, 075
5, 450
5 716
10, 267
4 635
3 986
10' 716
4,124
3 914
10 184
5 180
4 399
10 356
5 355
5 064
9' 980
6 067
5 654
10 272
6 075
6 152
9' g52
3, 533
2,741
2,739
3, 252
3,793
3,725
3,015
2,444
2,750
3,122
3,802
3,148
10, 805
10 018
9,857
9 060
r
11 548
10 839
1 365
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports.
- -- --thous. cf short tons.
Production
do- ..
Calcined, production, quarterly total _.- do ...
Gypsum products sold or used, quarterly total:
Uncalcined
short tons. .
Calcined:
For building uses:
Base-coat plasters
do ...
Keene's cement
do
All other building plasters
do ..
Lath
thous. of sq. ft...
Tile
do-.,.
Wallboardcf
do
Industrial plasters
- .short tons
"822
« -1,968
1. 798
Of
r
1,190
2, 198
1,867
657, 838
r
' 680, 235
432, 369
13, 401
196, 988
593, 756
7,181
942, 793
66 893
737
' 2, 139
1 789
473, 536
12 081
231, 835
660, 025
7, 301
908 056
59 866
507
1 854
1 690
692, 165
547, 398
409 354
10 588
219 538
602, 035
7, 437
952 870
61 008
372
10
198
517
6
927
63
016
909
762
846
710
279
967
TEXTILE PRODUCTS
CLOTHING
Hosiery, shipments
thous. of dozen pairs. Men's apparel, cuttings:* 1
Tailored garments:
Suits
.
thous. of units
Overcoats and topcoats
do
Trousers (separate), dress and sport.
do
Shirts (woven fabrics), dress and sport
thous. of doz__
Work clothing:
Dungarees and waistband overalls
do
Shirts
..
do
Women's, misses', juniors' outerwear, cuttings
(quarterly through 1953):*
Coats.
_ . thouc .of units
Dresses
do
Suits --.
do
Waists, blouses, and shirts
thous. of doz._
11, 184
12, 317
1,844
559
4,897
1 773
614
4,398
1,783
1,655
369
398
397
390
14, 105
14, 983
15, 117
13, 555
11,924
12, 675
13, 126
1 285
1456
3 370
1 713
652
3 829
1 511
'562
3 725
i i ggi
1576
* 4 482
1 566
347
3 682
1 1 834.
i 285
i 3 852
2 1 840
2256
2 4 512
1 732
276
4 848
'1,493
1,462
1, 580
1 1, 805
1,491
1
2
1, 520
1,668
J
376
]
371
419
396
394
i 440
1414
278
336
2
256
2
348
392
12,031
1
J
357
1, 526
i 234
i 339
372
14,274
12, 628
10,844
1 1 gJO
1 412
'320
4, 800
1 524
392
4 464
1,692
004.
360
1,476
1
295
i 5 520
1
1, 850
i 355
1
445
340
356
3,731
2 2 200
6 508
5 711
2 442
1 542
3 187
792
2Q g7Q
73 107
53 331
53 358 2 19 332
20 356
26 720
24 465
' 747
2 1 639
2 941
2 546
2 987
1 774
' 475
1 843
2
2,874
3,068
3,071
1. 152
1.249
1.040
1.432
' 1. 189
r
1
2
Revised.
p Preliminary.
Data cover a 5-week period.
gee note marked "*" for change in sample coverage beginning January 1954.
I Revisions for 1952 are shown in the August 1953 SURVEY.
''
" •"
~
•
356,892; 379,053; 443,748; 500,941; clay sewer pipe-production,
shipments, 64,032; 69,084; 75,898; 81,725.
^Includes lamii
and for other months, 4 weeks.
*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census. Data are estimated industry totals derived as follows: Men's apparel—estimates beginning January 1954
are based on a monthly sample survey of manufacturers, accounting for approximately 75 percent of the total 1952 production; data prior to 1954 are based on a sample covering establishments
that accounted for abqut 90 percent of the total 1951 cuttings of these items. Women's outerwear—based on reports from establishments classified in the women's principal outerwear industries
for the specified itemsl monthly data beginning January 1954 are estimated from reports of producers that account for appoximately 75 percent of total output; quarterly estimates prior to 1954
were based on reports from 2,500 establishments accounting for about 90 percent of total shipments in 1951. Cuttings for 1950 and 1951 will be shown later; data for 1952 (except 'men's
dungarees, etc.) are shown at bottom of p. S-38 of the December 1953 SURVEY. Cuttings of men's dungarees and waistband overalls for January-December 1952 and January 1954 appear in the
April 1954 SURVEY.
« Revisions for 1st quarter 1953 far gypsum (units as above): Imports, 436; production, 1,943; uncalcined, sold or used, 744,399.
SURVEY OF CURRENT BUSINESS
July lJ)fi4
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-39
1953
May
June
July
August
1954
Septem
ber
December
October j No™,-
January
February
March
April
May
660 209
f-45 875
11 263
1 1 182
734
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive oflinters):
Production:
Ginnings§
thous of running bales
Crop estimate, equivalent 500-lb. bales
thous of bales
748, 049
Consumption^
__
bales
Stocks in the United States, end of month,
7,134
totalf
thous of bales _
7,039
Domestic cotton total
do
682
On farms and in transit
do4, 638
Ptiblic storage and compresses
do
1,719
Consuming establishments
do -9,5
Foreign cotton, total -- - -- -do
Exports
bales. . 260, 905
15, 938
Imports 9
--- do
31.7
Prices (farm), American upland
cents perlb-_
Prices, wholesale, middling, 1 M«", average, 10
33.4
markets
cents per Ib
Cotton linters:!
-132
Consumption
thous. of bales
83
Production
_do
' 1, 069
Stocks end of month
do
349
1,166
5,547
10, 788
14 323
15 151
1
2
16 140
16 317
2
3
757, 152
678, 827
684 367
16 465
3
845 036
16, 690
16 625
3 056
11,925
1 644
15, 733
15 672
1 913
12,058
1 701
14 682
14 619
1 369
11, 462
1 78S
13 498
13 433
1 169
10, 495
1 769
375, 035
11,070
30.7
296, 651
6, 503
30.1
385, 420
12 866
30.4
429, 659
16, 258
31.1
12 280
12 205
824
9, 698
1 683
75
417, 713
24 163
31.6
32 7
32 6
33.2
34 0
34 2
34 2
34 4
111
210
3
111
3
113
222
95
197
3
189
1 542
105
150
1 590
108
ll/i
1 637
3
740, 864
3 742, 064
725, 849
702, 425
6,189
6,094
5,605
5,510
259
3,808
1,443
94
114, 730
8,375
31.9
19, 284
19, 204
14, 329
3,682
1,193
19, 800
19, 720
12, 650
5, 815
1,254
193, 304
9,130
32.8
199, 809
20, 209
33.1
33.2
33.4
33.0
123
66
3103
1,081
247
1,177
1,297
221
1 , 370
1,428
1 457
493
3,996
1, 605
95
220, 226
11,430
31.5
84
872, 128
684, 990
18, 723
18 640
7 810
9, 368
1 462
217, 307
7, 776
32.5
17,808
17 733
5 002
11,186
1 545
75
242, 848
8, 510
31.8
32.8
32.7
122
172
3
124
3
80
83
65
61
63
66
3
8,907
1 541
81
1,050
349
987
121
60
986
62, 247
6.311
2, 610
57, 382
4,924
47, 359
4,399
45, 355
4,594
2,418
54,916
6,267
47, 444
4,651
46, 093
7,193
2,540
49, 493
6, 306
45, 560
4,777
50, 457
4 649
2,500
44, 578
3,988
64, 206
6 242
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
37.2
17.9
18.0
31.44
36.9
17.5
17.8
29 59
36.9
16.5
17.5
29 13
34.9
15.9
17.5
28 56
34.9
16.0
17.3
27 18
34.9
15.8
16.8
26 84
34.9
15.4
16.8
26 75
34.9
15,4
T
16.5
2f5 28
» 34. 9
» 15. 3
" 16. 2
.675
4.984
.670
4.978
.660
4.972
.655
4.964
.643
<.955
. 636
<.939
.630
*.927
.625
4.921
.630
* . 921
.632
4.921
630
4.921
». 627
i"1 .917
21,344
20, 007
10, 126
405
3
9, 484
3110.9
21, 391
20, 063
9,857
493
9,279
134.8
21,322
20, 039
9,582
491
9, 044
133.9
21, 244
19, 953
11,853
479
311,192
3
130. 6
21, 252
19, 990
9, 232
474
8,719
129. 1
20, 933
19, 095
310,246
436
3
9, 683
3118 8
20, 897
19. 652
9,145
457
8, 631
124. 7
20, 888
19 656
9, 231
469
8, 697
128 1
20, 872
19 626
11,454
458
3
10, 799
3
125 3
20,715
20, 627
19 325
8, 932
447
8 366
I9? 6
78.8
27.0
72.0
23.8
63.6
22.8
64.6
26.0
02. 9
25. 5
53. 9
21.9
' 56. 5
r
25.0
T
r
r
99
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterly d*- - mil. ot linear vards _
Exports
_
-. thous. of sq. vd._
Imports 9
do
Prices, wholesale:
Mill mai'srins
cents per Ib
Denim. 28-inch
cents per yd_
Print cloth, 39-inch, 08 x 72
do
Sheeting, in gray, 40-inch, 48 x 44-48
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2 carded, weaving _
dol. per lb.
36/2, combed , knitting
do
Spindle activity (cotton system spindles) :f
Active spindles, last working day, total. __thous..
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total.mil. of h r _ _
\ verage per workine dav
do
Consuming 100 percent cotton
_
_ _ do_ _.
Operations as percent of capacity
.679
. 995
21,377
20, 013
10, 133
507
9,489
138.6
21, 201
19, 824
9,938
497
9,330
136.1
81.5
26.6
80.3
27.0
3
3
3
19 457
8,991
457
8 475
125 3
HA YON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
mil. of Ib
Staple (incl tow)
do
Stocks, producers', end of month:
Filament varn
do
Staple (incl tow)
do
Imports
.
-- thous. of lb_
Prices, wholesale:
Yarn, viscose, 150 denier, filament , f. o. b. shipping point
- -- - dol. per lb.
Staple viscose IVfc denier
do
Rayon and acetate broad-woven goods, production,
quarterly <?
thous. of linear yards_
57.9
26.1
6,069
56.8
30.1
7,241
59.6
32.9
7,557
65.1
37.0
5, 733
72.1
35.8
3, 355
74.3
34.0
2,006
71.3
29.9
2.277
77.2
32.7
1,775
78.6
33. 1
1.215
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
. 780
. 336
.780
513, 367
336
6
47.',, 469
r
r
56 3
24 5
61 6
29.4
75. 9
30 9
1 691
7X0
336
336
75.4
28 3
2, 264
780
336
431, 427
r (51 5
59 7
32 3
r 9
92
r
69 8
28 3
3 509
OS 3.
27 9
780
336
" 789
" 336
390, 590
---•••
SILK
Silk, raw:
Imports
thous. of Ib
Price, wholesale, white, Japanese, 20/22 denier,
87% (A A), f. o. b. warehouse
dol. per l b _ _
666
593
698
814
643
695
414
521
465
449
306
1 051
5.12
5.21
5.21
5.20
5.18
5.23
5.27
5. 43
5. 58
o 39
5.23
5.07
v 5. 04
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, 780
27, 736
9,940
22, 761
13, 267
a 29, 645
11,730
20, 774
11,237
18, 968
8 992
16,322
8,094
320,913
s 10 723
12, 889
8,182
24, 520
1 1 738
17.823
10, 576
-•21.736
22, 760
8 320
1.752
1. 194
1.748
1.199
1.725
1 174
1.725
1 200
1.675
1 12?
1 . 688
1 160
1. 731
1 184
WOOL
Consumption, mill (clean basis) :1J
Apparel class
thous. of l b _ _
Carpet class
._
do
Imports, clean content9
do
Apparel class (dutiable), clean content*
do
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. perlb...
Bright fleece 56s-58s clean basis
do
Australian, 64s, 70s, good topmaking, clean basis,
in bond
dol. perlb._
6
f
3
3
1.725
1.189
6
3
1.725
1 200
6
1.725
1 204
5
1.725
1 20''
{
18,653
9 840
17, 135
' 9, 355
19,737
9 ygg
14. 277
r
7, 154
1. 725
1 205
1. 725
1 1%
5
3
3
r
T q 236
22. 051
10, 573
1. 775
1. 775
1.778
1. 780
« 1. 780
1. 780
1. 780
s 1.775
1. 779
1. 775
1 79,5,
5 1. 725
1 . 725
r
2
3
p Preliminary.
Revised.
1 Ginnings to Jan. 16.
Total ginnings of 1953 crop.
Data cover a 5-week period.
4 Specifications changed- quotations begin5
6
ning June 1953 not comparable with earlier data.
Nominal price.
Data cover a 14-week period; other data are for 13 weeks.
§Total ginnings to end of month indicated.
IData for July, October, and December 1953 and March 1954 cover 5-weeK periods ana tor otner montns, 4 weeks; stocks and number of active spindles are for end of period covered
itm cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered
~T
~~
cr in corresponding note in April 1954 SURVEY.
9 Revisions for 1952 appear in pnrrpsnnn diner nntp.in A nril 1Q54 RTTRVRV
*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.
wn
}Revisions i'or 1952are s
952 are shown in the August 1953 SURVEY.
cf Revisions for broad-woven goodsfor first and second quarters of 1952are shown in the October 1953 SURVEY.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July 1954
19 53
May
June
July
August
1954
September
October
November
December
January
2.098
2.073
February
March
May
April
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system, wholesale price
dol. perlb..
Woolen and worsted woven goods, except woven
felts:! _
Apparel fabrics total
2.146
2.170
2.158
93,123
79, 841
4,216
75, 625
39, 694
35, 931
13, 282
7,739
5,543
do- -
Other than Government orders total do
Men's and boys'
- - _-do
Women's and children's
do
Blanketing
doOther nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13oz./yd., 57"/6U"_.- -1947-49= 100Gabardine, 10^-12 H oz./yd., £6"/58".--do— -
2.170
113.9
105. 3
2.122
2.110
2.098
84 375
71, 746
3,655
68,091
29, 404
38. 687
12, 629
8,133
4,496
113.9
105.3
113.9
105.3
112.9
103.6
112.9
103. 6
2.037
72 485
63,606
4 320
59, 286
28, 389
30, 897
8 879
6 236
2,643
112.9
103.6
112.9
103.6
2.025
2.037
TO 2. 037
54 666
47* 843
535
47 308
25, 048
22 260
6 823
3 726
3 097
112.9
103.6
112.9
103.6
111.5
103.6
112.1
103.6
112.1
102.6
112.1
103.6
250
105
278
92
240
65
312
106
359
116
309
484, 707
424
393
T
389, 628
r
373, 666
r
94, 655
r
80, 227
551, 130
401
361
454, 562
435, 139
96, 167
83, 563
534, 143
326
320
446, 676
425, 392
87, 141
72, 468
633 002
296
288
531,529
510, 024
101 177
85, 154
631 769
379
348
534, 667
515,102
96 723
79, 439
588 561
273
250
497, 062
478, 889
91 220
73, 712
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft, shipments
Exports9
numbei-do
402
154
339
104
417
119
350
138
359
92
235
146
275
137
MOTOR VEHICLES
F'ictorv ^ales total
Coaches total
Domestic
Passenger cars, total
Domestic
Trucks total
Domestic
_
Exports total 9
Passenger cars 9
Trucks and busse15 9
-
- --
r
number. _ i T 642,132 660, 131
380
367
do
359
339
-- do1-548,322 r 585, 678
do
lr
530, 220 ' 568, 906
do
r
93, 443 r 74, 073
..do. -.
66, 073
82, 433
- do
do
- --do
do- -
Truck trailers, production, total
Complete trailersd"
Vans
- \llothero 1 - Trailer chassis
do
do
do — -
<!o
-
Registrations:
New passenger cars
do
28,511
16,455
12,056
9,715
9, 390
3,180
6, 210
325
r
r
702, 899
376
368
596, 901
579, 602
105, 622
92. 788
r
r
r
614, 655 r 574, 631 r 621, 288 r 452, 987
348
447
519
371
344
407
496
288
512, 730 r 476, 232 ' 528, 814 r 378, 906
500, 822 ' 466, 654 r 516, 969 ' 370, 511
98, 051
101, 478
91,955
73, 710
86, 919
89,911
79, 541
64, 781
r
23, 585
13, 544
10, 041
24, 656
11.862
12,794
22, 881
10, 455
12, 426
19, 823
8,951
10, 872
23, 557
10 040
13 517
21, 578
10 884
10 694
29, 700
16 448
13 252
31, 433
18, 195
13 238
21, 780
12 177
9 603
45 079
24 198
20 881
9, 630
9,275
2,793
6,482
355
9, 201
8,883
2, 538
6,345
318
9,616
9. 413
2,641
6, 772
203
9,809
9, 612
2,294
7,318
197
8,304
8,133
2,610
5, 523
171
7, 796
7, 603
2, 539
5, 064
193
5, 592
5, 196
2,316
2, 880
396
4,724
4, 585
1,899
2,686
139
4, 667
4,502
1,767
2, 735
165
5,000
4,741
1 879
2,862
259
4,746
4, 535
1 865
2. 670
211
4,844
4, 638
1 934
2, 704
200
22, 661
14, 397
8,264
r
r
do. .--
540, 575
86 366
542, 193
77, 199
533, 783
76, 161
502, 430
76 673
453,806
78 319
504, 697
82 661
450, 311
72 59f)
413, 937
68 659
340, 698
60 694
369, 592
60 843
480, 731
72 ^83
508, 247
75 r;29
521,071
78 234
number
do_
do —
. . do. . -
7,080
4,313
3,959
2, 767
7,066
4,029
3,574
3,037
7,096
4,823
4,376
2,273
6, 001
3,718
3, 574
2,283
6,666
4,305
3,675
2,361
S, 963
5,636
5, 631
3,327
6 574
4 173
3, 912
2,401
4 752
3 165
2,873
1,583
5 101
3 815
3, 658
1.286
4,041
3,014
2,947
1,027
4 826
3 796
3,793
.1 , 030
4 19r;
3 138
2,981
1,057
3 658
9 513
2,028
1. 145
Passenger cars, equipment manufacturers:©
Orders, unfilled, end of month, total*
do
Domestic
- do . .
Shipments total
do
Domestic
.- - .
do..
692
692
27
27
843
688
26
26
822
667
37
37
780
625
42
42
759
600
34
34
715
560
46
42
736
422
44
44
712
398
27
26
686
384
29
17
690
405
40
22
630
374
59
30
572
330
64
44
541
314
41
26
1,767
1, 767
1,769
1,771
1, 772
1,775
1,777
1, 776
1. 777
1,775
1 771
1 768
89
5.0
50, 717
29, 351
21, 366
91
5.2
45, 804
26, 880
18, 924
92
5.2
40, 119
22, 908
17,211
92
5.2
40 224
21, 497
18, 727
94
5.3
37, 554
20, 651
16 903
90
5. 1
33, 159
15, 405
17, 754
92
5 2
30 703
13 911
16 792
88
4 9
27 678
12 256
15 422
91
51
23 537
9 153
14 384
94
5.3
20 548
6,784
13 764
98
56
16 896
4 068
12 828
104
5 8
13 964
2 132
11 S39
112
6 3
9
I1 169
214
10 955
1,547
11.1
1, 437
10.6
1,315
10.0
1,336
10.4
1,216
9.7
1,223
10.0
1,222
10 2
1,232
10 5
1.215
10 6
1,210
10 8
1,222
11 2
1,169
11 1
1,180
11 4
675
564
511
405
545
628
659
571
486
521
365
300
170
45
39
61
46
48
37
63
46
37
33
26
54
677
640
37
945
902
43
673
591
82
626
576
50
797
735
02
877
845
32
677
632
45
673
630
43
523
485
38
467
437
30
473
448
25
366
344
22
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
SY\ v wilts to*al
Eouipment manufacturers, total
t)omostic
Railroad shops, domestic
Association of American Railroads:
Freight cars (class I), end of month :§
lumber owned - .
thousands.
Undergoing or awaiting classified repairs
thousands-.
Percent of total ownership
Orders unfilled
number
Equipment manufacturers
do
Railroad shops
do_ .
Locomotives (class T), end of month:
Steam, undergoing or awaiting classified repairs
number-.
Percent of total on Hue
Diesel-electric and electric: Orders, unfilled
number of power units- _
Exports of locomotives, total1!. .
number. -
1 773 !
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments total
Domestic
Export
-
number
do
do.
AAK
41 7
98
r
revised.
v Preliminary.
* Revisions for January-April 1953 (number): Total motor vehicles, 564,470; 582,200; 700,439; 722,675; passenger cars—total, 452,617; 485,270; 566,074; 595,776; domestic, 434,441; 466,588; 545,717; 577,090.
66,588;
{Revisions for 1952 are shown in the August 1953 SURVEY.
9 Data exclude all military-type exports. Scattered monthly revisions for 1952 for motor vehicles will be shown later.
cf Revised beginning 1952 to include production of converter dollies; data as revised are comparable with figures through 1951 shown in the 1953 issue of BUSINESS STATISTICS. Revisions
for January-September 1952 are shown in the December 1953 SURVEY.
©Excludes railroad shops except when noted.
*New series; monthly data prior to 1953 will be shown later.
§ Not including railroad-owned private refrigerator cars.
^Revised exports for May 1952, 41 locomotives.
U. 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
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
Pages marked S
Abrasive paper and cloth (coated)
._
38
Adds .. %
24
Advertising
,
._._._
.
.
7, 8
Agricultural employment
.
10
:
Agricultural loans and foreign trade
15, 21, 22
Aircraft
2, 11, 12, 13, 14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
2,6,8,27
Aluminum
-—
33
Animal fats, greases, and oils.
25
Anthracite
11,13,14,15,34
Apparel, wearing... 2. 3, 4, 5, 6, 8, 9,11, 12, 14, 15, 38
Asphalt and asphalt products
36
Automobiles---- 2,3,8,9,11,12,13,14, 16,18,21,40
Bakery products
.... 2, 11, 12, 13
Balance of payments
.
20
Banking.
— 15, 16
Barley---28
Barrels and drums..
32
Battery shipments
34
Beef and veal
29
Beverages
2,3.4,6,8,11,12,14,27
Bituminous coal
----- 11, 13,14,15,34,35
Blast furnaces, steel works, etc...
11, 12, 13, 14
Blowers and fans
34
Bonds, issues, prices, sales, yields
.
19
Book publication
37
Brass
.
33
Brick
—
38
Brokers' loans and balances.
- - - 16, 19
Building costs
7
Building and construction materials
- 7,8,9
Business sales and inventories
.
3
Businesses operating and business turnover
4
Butter
27
Cans (metal), closures, crowns. . . .
33
Carloadings
.
.
——
23
Cattle and calves
29
Cement and concrete products
6, 38
Cereals and bakery products
5, 11, 12, 14
Chain-store sales (11 stores and over only)__.
9
Cheese.. .
27
Chemicals
2, 3, 4, 5, 11, 12, 14, 15, 18, 21, 24
Cigars and cigarettes
6, 30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc)
2, 6, 38
Clothing (see also Apparel)
- - 5, 38
Coal —
2,3,11,13,14,15,21,23,34,35
Cocoa.......
.
..
22,29
Coffee...
22,29
Coke..-.
23,35
Commercial and industrial failures
4
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
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
17
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks..
16
Fertilizers
5, 24
Fiber products
34
Fire losses
..
.
7
Fish oils arid
fish.,
25, 29
Flaxseed
25
Flooring
31
Flour, wheat
...
..
28
Pages marked S
. ..
2,
3, 4, 5, 8, 9, 11, 12, 14, 18, 27, 28, 29, 30
Foreclosures, real estate.-,
...
7
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
.
...
- 21, 22
Foundry equipment
»
,. , 34
Freight carloadtngs
23
Freight cars (equipment)
.
40
Freight-car surplus and shortage . .
23
Fruits and vegetables
. .
. .
5,21,27
Fuel oil.
35
Fuels
.
. 5,34,35
Furs....... 22
Furnaces
_ ...
34
Furniture
2,3,5,8,9, 11, 12, 13,14, 16
Gas, prices, customers, sales, revenues, „
5, 26
Gasoline _
.
8,9,36
Glass products (see also Stone, clay, etc.).
2, 38
Generators and motors
_.
„,..
34
Glycerin
24
Gold
.....
.
18
Grains and products
5, 19, 21, 23, 28
Grocery stores
9
Gross national product
..
.
1
Gypsum and products..
6, 38
Heating apparatus.
... 6, 11. 12, 13, 14, 33, 34
Hides and skins
._
5,22,30
Highways and roads... ...
... 6,7,12,15
Hogs.
29
Home Loan banks, loans outstanding,
.
7
Home mortgages
7
Hosiery
.
_.._.
38
Hotels
. . . 11,13, 14,15, 23
..
Hours of work per week
. ..„. 12, 13
Housefurnishings5, 8, 9
Household appliances and radios
5,8, 9, 34
Imports (see also individual commodities)- 20, 21, 22
Income, personal
_
1
Income-tax r e c e i p t s _ _ _ _ _ _ _ „ _ „ _ _
16
Incorporations, business, new
,.
4
Industrial production indexes. -,
2,3
Instalment credit. .
. 16
Instalment sales, department stores.
10
Instruments and related products.— . 2, 11, 12, 13, 14
Insulating materials. _
34
Insurance, life
.
.
17
Interest and money rates.16
International transactions of the U. S
20, 21, 22
Inventories, manufacturers' and trade.
3, 4, 9, 10
Iron and steel, crude and manufactures
,
P,
6, 18, 21,32, J 3
Kerosene..
,__
.
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, houirfc, 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
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 fata, greases
.. 5, 25, 26
Oleomargarine.
26
Operating businesses and business turnover..
4
Orders, new and unfilled, manufacturers'.
4
Paint and paint materials
_ — 5, 26
Panama Canal traffic
23
Paper and pulp
2, 4, 6, 11,12,14,15, 22, 36,37
Paper and products
.
2,
3,4, 6, 11,12,14,15,18,36,37
Passports issued
.
..
.
.
23
Payrolls, indexes
....
....
12
Personal consumption expenditures—
1,8
Personal income
...
1
Food products
Personal saving and disposable income--.tj.i...,i-j ! r
Petroleum and products
.
......i-.U.Lill'l H J
.
3,4,5,ll,12,13,14,lS,18i,2ia|4|!
Pig iron.
l-wj-pir ;•'"'
Plant and equipment expenditures. .v . + ..!$'
Plastics and resin materials ....<
..,».**" ? ;3
Plywood
...:.^ fi'2
Population
.................„.'»£•, ' -t'i
Pork.....
^ ;;,;5
Postal savings
..._,
..*..' j -1
Poultry and eggs...
,...' •!;$,!
Prices (see also individual commodities):
Consumer price index.
...
„.....«:
Received and paid by farmers.
..
..
Retail price indexes
... . . . .
. . . . /,•
Wholesale price indexes
.... 5
...
Printing and publishing
2,3,4,11,12, If, |$,i
Profits, corporation
....^i. .,!#,.._
Public utilities... 1, 6,11,13,14, IS, 17,18, IH, %f*>
Pullman Company
... . .
.
.......«, * :'1JP
.-._____...... ......... ..... ..„
t
t
Pumps- _._._,_______ _. . . . . . .________. . . .
. . . . *-Jw-''
Purchasing power of the dollar_______*»».—»'
"§
Radio and television.._____________..„•. 5,7,8,34
Railroads, employment, wages, financial st*»
;
tistics, operations, equipment.,____...»..,..„
1, :
1
12, 13, 14, IS, 17, 18, 19, 20, ft, *$,$!,
Railways (local) and bus lines ........ 11, 13, I*, If
Rayon and rayon manufactures. .-...*...,,.....»
$9
Real estate,-. ......... _
.............
7,l<UT*tt"
Receipts, United States Government.- ._......„
JMf
Recreation, _ _ _ „_______________.__. . . . .
.....
5
Refrigerators, electrical________,____„„.„_... " ~34
Rents (housing), index______________..4..,-.
S
Retail trade, all retail stores, chain stores (tl
stores and over only), general merchandise,
department stores. _ ____ 3, 4, 8, 9, 10, 11, 13, 14, IS
Rice_______________.____...........____....'a.
'%&
Roofing and siding, asphalt________.....-.»,..,,
3p
Rosin and turpentine_____________. .__,-... • • 3J|.
.
Rubber, natural, synthetic, and reclaimed
tires and tubes_____________________._. Iy22»'3[f '
Rubber products industry, production indea^,
sales, inventories, employment, payrolls,
hours, earnings ...... --------- _„. 2,3,4,12,14,15
Rural sales- _ _ „ „ . _ _ _ ................. ____ . 10
Rye____________........
.................
28
Saving, personal___________________..____.
1
Savings deposits_________,________..............
JUf'
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 _____ _ --- _
---------------— ..„
IMFSilk, imports, prices______________.-.._.,..., 6,39
Silver
______________
......................
18
Soybeans and soybean oil_____________. . .
..
2S
Spindle activity, cotton_______________. . .
..
39
Steel ingots and steel manufactures (see also
Iron and steel) _______________________ *. 2,32,33
Steel scrap ______ ......... . . ---------- .._
.
32
Stocks, department stores (see also Inventories)____________......________.........10
Stocks, dividends, listings, prices, sales, yields.
20
Stone and earth minerals -------- - — . . — «...
.
2,3
Stone, clay, and glass products — .-„_........
, 2*
Stoves ---- _ ........ ...
3,11,12,13,14,18,38
.............. . . . . 94
...
Sugar..........
..........................
22,30
Sulfur
_____
..............................
Sulfuric acid....................._______..
Superphosphate____..____.________.___. . .
..
Tea...__________. .......................
Telephone, telegraph, cable, and radio-telegraph carriers... ...... 11, 13, 14, 15, 18, 19,
Television___________________________. . .
..
Textiles _____ 2, 3, 4, 6, 11, 12, 14, 15, 18, 21, 38,
Tile____........... ......................
Tin______________.......... ........... ... 251,33
Tires and inner tubes --------- ..... 6,12, 14,13,37
Tobacco. ........ 2, 3, 4, 5, 6, 8, 11, 12, 14, IS, 21,30
Tools, machine________________.___. . . .
...
34
Tractors.. _ ............. .----------. . . .
...
34
Trade, retail and wholesale. 3, 4, 8, 9, 10, 11, 13, 14, IS
Transit lines, local ----------------- . . . .
....
22 .
Transportation, commodity and passenger. 5, 22, 23
Transportation equipment —... — ......a..*.
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.. .».«. *.^4. l&4.f
Utilities.. ..... l,5,6,ll,13,14,15,17,I8,l»,ap,fS
Vacuum cleaners--------.------. . . . , *
..... .
34: :
Variety stores...-.---.— ---- . . . . . . .
......
§
Vegetable oils
........................
*.„.„, 25,26
Vegetables and fruits ........... .-----. 2,5,21,27
Vessels cleared in foreign trade-...___. . . . ,3ft,
.-,.
Veterans' unemployment allowances...... . .
..
'13
Wages, factory and miscellaneous ----- ... 13, 14, IS
Washers...
..............................
M
Water heaters.. ...... -------------- . . .
...
34
Wax_____________- ...... . .............. .»•
3f,
Wheat and wheat flour ...... ------- . . . . 19* If,,
...
Wholesale price indexes --------- ..._...-...;,
&|f
Wholesale trade. ....... . ..... 3,4, 10, 11, 13, 14, 15
Wood pulp
..............................
„
AllWool and wool manufactures.________. 6, 22, 39, 40
Zinc ...... .---------------. . .-----.-*.. - S3..
UNITED STATES
GOVERNMENT PRINTING OFFICE
PENALTY FOR PFtfV*TE USE TO AVOID
PAYMENT OF POSTAGE.
(GPO)
DIVISION OP PUBLIC DOCUMENTS
WASHINGTON 25, D. C.
OFFICIAL BUSINESS
Pirst>Cl«sH Mail
A
Supplement
to the
Sumy
of
Current
Kusmcss
THE COMPLETE NATIONAL ECONOMIC ACCOUNTS USUALLY PUBLISHED IN THE
JULY NATIONAL INCOME NUMBER OF THE SURVEY OF CURRENT BUSINESS WILL
THIS YEAR BE CONTAINED IN THE FORTHCOMING 1954 REVISED EDITION OF
NATIONAL INCOME, A SUPPLEMENT TO THE MAGAZINE SOLD SEPARATELY
With complete coverage back to 1929, the new edition of NATIONAL INCOME will provide up-to-date explanations
of all components. It is scheduled for publication in mid-Summer, and will be available from the Superintendent of Documents,
U.S. Government Printing Office, Washington 25, D. C,, os well as at a!! Field Offices of the U. S. Department of Commerce.
@FedFRASER