Full text of Survey of Current Business : June 1950
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JUNE
U. S. DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
OFFICE OF BUSINESS ECONOMICS
1950
DEPARTMENT OF COMMERCE
FIELD SERVICE
SURVEY
OF CURRENT
BUSINESS
THE BUSINESS SITUATION
1
Capital Expenditure Programs Expanded
The Rise in Business Inventories
Building Material Prices and Production Increase . .
*
*
2
3
4
*
Boston 9, Mass.
2 India St.
Minneapolis 1, Minn.
2d Ave. S. at 4th St.
Mobile, Ala.
109-13 St. Joseph St.
Butte, Mont.
14 W. Granite St.
PAGE
Milwaukee 1, Wis.
517 E. Wisconsin Ave.
Buffalo 3, N. Y.
117 Ellicott St.
omen
tenh
Miami 32, Fla.
36 NE. First St.
Baltimore 2, Md.
103 S. Gay St.
JUNE 1950
Memphis 3, Tenn.
229 Federal Bldg.
Atlanta 3, Ga.
50 Whitehall St. SW.
No. 6
Albuquerque, N. Mex.
203 W. Gold Ave.
New Orleans 12, La.
333 St. Charles Ave.
Charleston 3, S. C.
18 Broad St.
New York 4, N. Y.
42 Broadway
Cheyenne, Wyo.
206 Federal Office Bldg;
Oklahoma City 2, Okla.
102 NW. Third St.
Chicago 4, 111.
332 S. Michigan AT«.
Omaha 2, Nebr.
1319 Farnam St.
Cincinnati 2, Ohio
105 W. Fourth St.
Philadelphia 6, Pa.
437 Chestnut St.
SPECIAL ARTICLES
Cleveland 14, Ohio
925 Euclid Are.
The Demand for Consumers' Durable Goods
5
Balance of International Payments, First Quarter of 1950
and Revision of Balance of Payments Data, 1946-49 . 11
Sales and Investment Trends of New Manufacturing
Firms
19
* * *
MONTHLY BUSINESS STATISTICS . . . . S-l to S-40
Statistical Index
Inside Back Cover
Dallas 2, Tex.
1114 Commerce St.
Denver 2, Colo.
828 Seventeenth St.
Detroit 26, Mich.
230 W. Fort St.
Phoenix 8, Ariz.
234 N. Central Are*
Pittsburgh 19, Pa.
700 Grant Sti
Portland 4, Oreg.
520 SW. Morrison St.
Providence 3, R. I.
24 Weybossett St.
Reno, Nev.
118 W. Second St*
Hartford 1, Conn.
135 High St.
Richmond 19, Va.
801 E. Broad St,
Houston 14, Tex.
602 Federal Office Bldf.
St. Louis 1. Mo.
1114 Market St.
Jacksonville 1, Fla.
311 W. Monroe St.
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El Paso 7, Tex.
206 U. S. Court House
Bldg.
Salt Lake City 1, Utah
350 S. Main St;
Kansas City 6, Mo.
911 Walnut St.
San Francisco 11, Calif.
555 Battery St.
Los Angeles 12, Calif.
312 North Spring St.
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125-29 Bull St.
Louisville 2, Ky.
631 Federal Bldg.
Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
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Contents are not copyrighted and may be freely reprinted.
JUNE 1950
THE
Business increased plant and equipment
outlays in the second quarter and
anticipated the same high rate in
the third quarter
SITUATION
BILLIONS OF DOLLARS
22
ALL NONFARM INDUSTRIES
20
By the Office of Business Economics
(S)
18
jXPANSION in economic activity continues to be reflected in the major economic series, with rising production requirements tending to advance prices of many important industrial raw materials in recent weeks. Employment has continued to move ahead in response to the basic trend of
business, with seasonal influences also adding substantially
to the number at work. As a result, unemployment has been
markedly cut.
Labor earnings have been enhanced not only by higher
employment but also by a continued slight advance in
average rates of compensation. Total consumer income from
current productive activities has continued upward, though
payments of the National Service Life Insurance dividend
have declined so that this supplementary flow has diminished
from the high rate of the first quarter.
16
14
with a substantial expansion from
the year-end indicated by
manufacturers and
10
MANUFACTURING INDUSTRIES
Investment expanding
The fundamental characteristic of the current uptrend in
the business cycle continues to be the sharp expansion in
investment, paced by residential construction but now reinforced by a renewed advance in business plant and equipment
expenditures. The sharp advance in fixed investment is
evident in the chart at the left, which brings out the fact that
business has altered its investment program sharply upward
for the current and succeeding quarter. Inventory investment is also important as rising sales in many lines coupled
with some price advances have led to more liberal business
purchasing.
The other major segment of rapid advance is the motor
vehicle industry—which in the aggregate accounts for a
larger volume of expenditures than residential construction.
With the industry now in full swing, May output reached
over 700,000 cars and trucks, furnishing impetus to a wide
sector of the economy. More passenger cars were produced
than in any previous month, while truck production was at
the highest rate in 2 years. The special analysis of the
automobile market in this issue indicates that the strong
demand for passenger cars is based in the main upon currently
high and rising consumer incomes, plus the still substantial
carryover of demand from the war years when production
was eliminated. The income factor, plus the housing boom,
explains the high level of sales of furniture, analyzed in last
month's issue, and the resurgence of demand for major household appliances, which is analyzed in a subsequent section of
this month's SURVEY.
a recovery evident in other industries
as a group.
14
ALL OTHER NONFARM INDUSTRIES
12
).
10
©
I
Meanwhile, the booming housing
industry contributed further to
fixed investment.
I
12
RESIDENTIAL NONFARM CONSTRUCTION
10
® PRELIMINARY
1949
Raw material prices advance
I960
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
SOURCES OF DATA: PLANT AND EQUIPMENT EXPENDITURES, U. 5. DEPARTMENT
OF COMMERCE, OFFICE OF BUSINESS ECONOMICS, AND SECURITIES AND EXCHANGE
COMMISSION; CONSTRUCTION, JOINT ESTIMATES OF U. S. DEPARTMENT OF
COMMERCE, OFFICE OF DOMESTIC COMMERCE, AND U. S. DEPARTMENT OF
LABOR, BUREAU OF LABOR STATISTICS.
U. 5. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
1
Digitized for<—50
FRASER
50-97
These strong demands for the final products of the economy
have brought an upturn in some categories of commodity
prices. The initial effect of the increasing demand in the
current business upswing was primarily reflected in an increase in output and employment, with industrial prices
continuing the stability characteristic of the period since last
SURVEY OF CURRENT BUSINESS
July. In recent weeks, with enlarged demands for industrial
raw materials, such as steel scrap, copper, zinc, rubber, and
lumber, these prices have been advancing. The index of all
prices other than farm products and foods was up 1 percent,
in reflection of the raw materials advance, from mid-April
to the end of May—which is also the full extent of the advance over the past 6 months. The index of farm prices
rose 3.4 percent from April to May, and that of foods 2.4
percent, chiefly because of the rise in livestock and meat.
To meet the expanding requirements of consuming industries, steel production in May was pushed close to 102 percent of the rated capacity as of last December, and deliveries
of non-ferrous metals approximated the postwar peak reached
in the first quarter of 1947. Production of building materials has moved ahead with the construction boom, as described in more detail in a subsequent section of this review.
Output of nondurable goods, after expanding sharply in the
latter part of 1949, has shown little change since the turn
of the year as increases in individual industries were offset
by decreases in others.
June 195(
For the second successive month an important exceptioi
to the generally well maintained or expanded volume o
output was bituminous coal, where output dropped from i
weekly average of 11.3 million tons in April to 10.1 millior
in May. This movement reflects the abatement of the tighi
supply situation existing at the end of the coal strike.
The rise in output in the durable goods industries has beer
obtained in part by a lengthening of the workweek as well as
by the expansion of the work force. Trends of employmeni
are comparatively less favorable in the nondurable goods
industries, which have not experienced the same strong
market condition as manufacturers whose business is mon
directly related to the rapidly expanding industries.
A broad rise has occurred in total employment, which has
reduced the number of unemployed workers as reported bj
the Census Bureau to about 3 million in May. Unemployment is now lower than a year ago for the first time in many
months, although it still is not down to the level of 1948
Nonagricultural employment rose 200,000 from April tc
reach 51.7 million, whereas in May a year ago it had faller
below 50 million.
Capital Expenditure Programs Expanded
almost 10 percent below those anticipated 3 months earlier—
and back to the level that had been scheduled for this period
last fall. Thus, it would appear that capital goods producers
were unable to make deliveries in line with the stepped-up
orders of business.
A striking feature of the current survey was the consistency
of the findings among the industries. Actual expenditures
for new plant and equipment in the first quarter were lower
than planned in every major industry and, with the exception
of mining, current plans in each group for the second and
third quarters are higher than those made earlier for the
second quarter or implied in earlier estimates for the second
half. The expanded programs were found among companies
of all size-classes and involved both plant and equipment.
Indicated capital outlays in both the second and third
quarters are, at seasonally adjusted annual rates, at the
average level for 1949. This is true both in dollar and in
physical terms. The downward trend of capital goods costs
during 1949, it may be noted, was reversed at the end of the
year.
THE EXPANSION in economic activity this year—
associated with the favorable trend of sales and profits—has
resulted in upward adjustments in the 1950 capital investment programs of business. According to reports submitted
during April and May in the joint Office of Business Economics—Securities and Exchange Commission quarterly
survey, non agricultural business outlays for new plant and
equipment in the second quarter are scheduled at $4.5
billion—about 6 percent higher than their previous anticipation for this period and only 3 percent below expenditures a
year ago. (See table 1.)
More important, in the third quarter of this year, business
as a whole intends spending at a seasonally adjusted rate
about as much as in the second quarter—and some 3 percent
above the third quarter of 1949. These results reflect a
considerable upward shift in expenditures over those reported in the last survey which had indicated a sizable
cutback from the first to the second half of 1950.1
However, it should be noted that the high rate of expenditures expected in the second and third quarters represents, in
part, some carry-over from the unfilled capital goods demand
in the first quarter. Reflecting to a considerable extent the
low output in basic steel (as a result of the steel strike last
October and the coal strike in the first quarter), actual outlays for new plant and equipment in the first quarter fell
Current investment programs for 1950
If current investment plans through the third quarter are
carried out, it does not appear likely that developments in
the fourth quarter could result in a lower rate of outlays from
the first to the second half of 1950 or in a decline for the year
as a whole of more than 5 percent from last year's expenditures.
The upward revisions for 1950 were apparent in every
i The reported cutback was about 13 percent on a seasonally adjusted basis. However,
analysis presented in the April SURVEY OF CURRENT BUSINESS indicated that due to several
noneconomic factors, including the lesser completeness of future programs as compared to
near-term budgets, this decline should be reduced about one-half. As a result, it should be
noted, outlays programmed by business for the year 1950 as a whole were understatements.
Table 1.—Business Expenditures on New Plant and Equipment, 1945—50 *
[Millions of dollars]
1949
1945
1946
1947
1948
Jan. -Mar.
All industries
Manufacturing
_ __
_ _
Mining
Railroads
Other transportation-- _. _
Electric and gas utilities
Commercial and miscellaneous 3
Apr.-June July-Sept.
Oct.-Dec.
Jan. -Mar. Apr.-June - July-Sept.2
6,630
12, 040
16, 180
19, 230
18, 120
4,460
4,660
4,370
4,630
3 700
4 530
4 480
3,210
5,910
7,460
8,340
7,250
1,850
1,880
1,690
1,830
1,520
1,970
1,920
1,320
1,350
2,680
5,390
3,140
5,120
1,170
1,180
440
550
320
630
1,480
560
570
660
1,040
3,300
690
910
800
1,900
4,430
800
700
1 Data exclude expenditures of agricultural business and outlays charged to current account.
2
Anticipated expenditures for the second and third quarters of 1950 were reported by business during April and May.
1950
1949
740
520
190
360
130
680
1,260
190
380
140
780
1,290
180
310
140
790
1,260
180
300
120
890
1,320
150
230
80
650
1,060
160
300
90
850
170
290
100
820
3 Data include trade, service, communications, construction, and finance.
Source: U. S. Department of Commerce, Office of Business Economics, and Securities
and Exchange Commission.
SUEVEY OF CUERENT BUSINESS
June 1950
major industry, except mining which shows little departure
from previously scheduled rates. Capital outlays in 1950
in manufacturing and electric and gas utilities can be expected
to equal or exceed 1949—as compared to previously anticipated declines of 7 and 6 percent, respectively, reported by
these industries. The decline in expenditures by the railroads now appears to be well under 20 percent instead of the
former 31 percent. Moderate improvement from earlier
expectations was indicated in the nonrail transportation
industry and the commerical and miscellaneous group.
The Rise in Business Inventories
JL HE RENEWAL of inventory accumulation has been a
significant factor in the rise in business. This shift in the
purchasing policies of business developed against a background of rising final demand and slightly advancing prices.
For developments in the months ahead it is of significance
that at the end of April business inventories were still well
below the 1948 peak, although sales have moved back very
nearly to their postwar high.
In the first 4 months of this year the book value of business
inventories (including manufacturing and trade) increased by
$1.2 billion on a seasonally adjusted basis, bringing the total
at the end of April to $54.8 billion. The bulk of the 1950 rise
in stocks occurred at retail, with only small accumulation in
both durable and nondurable goods manufacturing industries.
special factors, the historical relationship between sales and
inventories was closely followed, as the chart shows.
The fact that the actual values of inventories were lower
than the calculated values in 1949 suggests the swift shift in
expectations as business in general anticipated levels of prices
Table 2.—Change in Business Sales and Inventories
(Seasonally adjusted)
Inventories
Billions of
dollars
i "Current Inventory Developments" by Walter W. Jacobs and Sylvia F. Broida, SURVEY
OF CURRENT BUSINESS, April 1949.
Chart 2.—Manufacturers9 Inventories: Actual and
Calculated
Percent
Billions of
dollars
Percent
Item
Decem- Decem- Decem- Decem- Decem- Decem- Decem- December 1948 ber 1949 ber 1948 ber 1949 ber 1948 ber 1949 ber 1948 ber 1949
to DeApril to DeApril to DeApril to DeApril
cember to1950 cember to1950 cember to1950 cember to1950
1949
1949
1949
1949
Manufacturers' inventories low relative to sales
Despite the rise in inventories in the past few months, their
current position is not high in relation to sales, as judged by
historical patterns. Previous studies have shown that at the
manufacturing level, where most of the decline occurred in
1949, stocks are ordinarily adjusted to sales after an average
lag of 6 months.1 In chart 2, the calculated line represents
the volume of inventories derived on the basis of this average
relationship between stocks and sales during the years 192740. With the principal exception of the war period, when
widespread shortages and Government controls entered as
Sales
Total
_ _
Manufacturers
Wholesalers
Retailers
_
-4.9
+1.2
-8.4
+2.2
-3.6
+2.0
-9.3
+5.8
-3.2
-.5
-1.3
+.3
+.4
+.5
-9.3
-5.0
-8.5
+1.0
+4.3
+3.3
-2.2
-.9
-.5
+1.4
0)
+.6
-11.6
-10.6
-4.4
+8.6
0)
+5.4
1
Change negligible.
Source: U. S. Department of Commerce, Office of Business Economics.
and sales substantially lower than those prevailing. From
the perio'd of rough balance of stocks and sales at the end of
1948 as shown in the chart, inventories by the close of 1949
had declined substantially more than sales resulting in the
gap between actual and calculated values. Since inventory
movements ordinarily follow sales trends, and the course of
sales in 1950 has been upward, the value of inventories would
be expected to rise later this year unless sales should decline
very markedly.
Diversity among manufacturing groups
BILLIONS OF DOLLARS
40
30
CALCULATED-^
20
ACTUAL
10
I I I I I I I I I I I I I I I I I I I I II
1927 29 31 33 35 37 39 41 43 45 47 49
END-OF-OUARTER AVERAGES,
SEASONALLY ADJUSTED
U. 5. DEPARTMENT
1
OF COMMERCE, OFFICE OF BUSINESS
I I I I 1I I I I I I
1948
1949
1950
END-OF-OUARTER,
SEASONALLY ADJUSTED
ECONOMICS
5O-I99
Calculated from a linear least squares regression equation fitted to data for the years
1927-40; inventories, in billions of dollars=3.24+0.135 (sales, in billions of dollars, lagged
6 months).
Source of data: U. S. Department of Commerce, Office of Business Economics.
Although durable goods industries accounted for about
two-thirds of the decline in total manufacturing stocks since
the end of 1948, no substantial deficiency in stocks is indicated currently for this group on the basis of the extension,
of the relation of inventories to sales for the prewar years.
Inventories of nondurable goods manufacturing industries
at the end of April had recovered close to levels prevailing
at the end of 1948, following the limited reduction in stocks
during the first half of 1949. This narrower range of
fluctuation than developed in the durable goods industries
reflected the more conservative position taken by these
producers throughout the postwar period. Despite the
recent recovery of nondurable goods stocks, the level currently is still below that indicated by prewar relationship
of stocks to sales.
For individual industries, however, a considerable variety
in inventory positions developed in recent months. This is
illustrated by the stock-sales ratios in electrical machinery,
which declined from 2.48 in the fourth quarter 1948 to 1.95
during the first quarter of 1950, and in the transportation
equipment group, which fell from 2.15 to 1.76. In the motor
vehicle industry, the stock-sales ratio fell from 1.75 to 1.28
over this period. The ratio for lumber and furniture, on
the other hand, was about unchanged, while in most nondurable-goods industries some increase was evident from the
last part of 1948.
SURVEY OF CUEKENT BUSINESS
Retail inventories still low relative to sales
June 1950
Chart 3.—Retailers' Inventories: Actual and Calculated
Analysis of the behavior of retailers' stocks and sales
suggested that the prewar relationship between the two may
have shifted in the postwar period. This is indicated in
chart 3 where the calculated line represents the volume of
inventories derived from the relationship with sales, lagged
6 months, during the period 1923-40. The low inventories
relative to sales during the early postwar years reflects the
scarcity of consumer goods items, although in later periods
persistence of the gap implies that economies in inventory
management may have been developed over and above that
allowed for in the relationship. A factor of special significance is the cautious ordering by retailers in the postwar
period due to price uncertainities and increasing competition.
Nevertheless, it is of some significance that the divergence
between actual and calculated lines remained considerably
BILLIONS OF DOLLARS
20
CALCULATED^
15
10
Table 3.—Retailers' Inventory-Sales Ratios (Seasonally Adjusted)
Period
1948:
1950:
Durable goods,
other than
AutomoAll retail homefurnish- tive group
ings and automotive
Homefur- Nondurable
nishings
goods
group
Fourth quarter
1.38
2.55
1.06
2.52
1.22
First quarter
April
1.27
1.28
2.52
2.49
.84
.76
1.87
2.13
1.19
1.20
Source: U. S. Department of Commerce, Office of Business Economics.
greater in 1950 than in the years prior to 1949—despite the
recent increase in these inventories. This is confirmed by
the alternative measure supplied by stock-sales ratios, which
however, may not allow for more efficient use of stocks at
higher sales volumes in some areas. In the first part of
1950 the ratio for all retail stores was somewhat below the
fourth quarter of 1948, reflecting in part the booming sales
of automobiles, coupled with the strike in a part of the
industry which reduced dealers' stocks this spring. In
addition, the improvement in housefurnishing sales have not
been accompanied by commensurate advances in stocks. In
the nondurable goods group, the ratio is close to the end1948 level.
I I
I I I I I II
I iI
1923 25 27 29 31 33 35 37 39 41 43 45 47 49
ANNUAL DATA*/
1948
1949
1950
END-OF-QUARTER,
SEASONALLY ADJUSTED
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
SO-2OO
1
Calculated from a linear least squares regression equation fitted to data for the years
1923-40; inventories, in billions of dollars=0.573+0.138 (sales, in billions of dollars, lagged
6 months)—0.064 (time, centered at December 31, 1931).
2 Data are end-of-month averages.
Source of data: U. S. Department of Commerce, Office of Business Economics.
At wholesale, fluctuations in inventories since 1948 on
an absolute basis have been of much less importance for the
economy as a whole, and there was no indication of a pronounced distortion in the relation of stocks to sales in recent
months.
Aggregate inventory movements continue to play an important role in business fluctuations. Their movement over
the 1948-49 period indicates a high degree of sensitivity to
shifting economic currents. Notwithstanding the fact that
inventories now appear low relative to sales, the inventory
position will be watched very carefully as busines in general
is well aware of the influence of shifting demand and price
trends upon profits through its inventory position.
Building Material Prices and Production Increase
THE EXPANDING volume of activity in residential
building during the past winter and so far this year, coupled
with rising public construction and moderately high activity
in other areas, has led to advances in both prices and production of most building materials.
Although no nation-wide shortages are indicated, prices
for some important items have advanced sharply in recent
months and some builders report difficulty in maintaining
original price schedules for new construction.
war peak while paint and paint materials are at their lowest
point in the last 3 years. In the last 2 months the prices of
plumbing and heating supplies have risen noticeably after
remaining virtually constant throughout most of 1949.
Prices for cement, brick, and tile have all recently climbed
slightly higher than their low points in 1949.
Material prices continue upward
A striking feature of the postwar price structure in the
building materials field is the advance from the prewar level
of lumber prices by comparison with other building materials.
In April 1950, lumber prices were almost 3^ times the 1939
average, whereas building materials prices other than lumber
advanced less than half as much in the same period. Cement
has risen least among the major items.
Lumber prices have displayed wide fluctuations throughput the postwar years as demand for the product has varied
in line with the postwar oscillations in building activity.
For example, peak postwar prices for lumber were recorded
(Continued on p. 24)
Kecent price trends for building materials are plotted in
chart 4. From the low point in prices last August to May
of this year there has been an increase of 5.3 percent in the
Department of Labor composite index of wholesale building
material prices, due largely to advances in lumber.
As can also be seen in chart 4 on page 24, the average
of building material prices other than lumber has been
drifting downward since the peak in early 1949. This
peak occurred somewhat later than that for the total index.
This average also reflects divergent trends of the separate
components. Structural steel prices are now at their post
Lumber prices high relative to other building
materials prices
By L. Jay Atkinson
The Demand for Consumers'
Durable Goods
1HE OUTPUT of consumers' durable goods in the
postwar years has been at an unusually high rate as a result
of a combination of deferred purchasing from the war period
and the normal or continuing demand for current replacement and growth. For most such products other than automobiles the direct influence of deferred demand attributable
to the wartime gap in production has now become relatively
unimportant and the time is approaching or has already
arrived when the usual market forces will determine sales of
these products.
This article evaluates the effect of these market influences
upon the sale of 5 major consumers' durable goods—automobiles, electric refrigerators, vacuum cleaners, washing
machines, and electric ranges. For each of these products
sales in 1949 and early 1950 are moderately higher than
indicated by the analysis of basic, continuing demand factors.
For automobiles, this reflects the continued influence of the
abnormal replacement demand carried over from the war
period which has not yet been satisfied. For the household
appliances, special influences are the abnormally high
marriage rate in recent years and the boom in house construction—both of which are aftermath-of-war developments.
In addition to these special influences, the demand calculations have a number of limitations. They represent extrapolations of prewar relationships from a period which ended
a decade ago. Most of the variables involved have current
values well beyond the extreme range of fluctuations in the
base period and no adjustment has been made for shifts in
distribution of income and population. Accordingly, the
results shown are presented as tentative approximations
involving a considerable measure of judgment which is only
partially avoided by the summaries of estimates obtained by
alternative formulations. Finally, the validity of the
analysis depends upon the extent to which the many influences affecting the demand for consumers' durable goods
can be represented by the 3 or 4 basic factors selected.
Basic demand factors
The most important basic influence upon the demand for
consumers' durable goods is, of course, disposable personal
income. If comparison is to be made with unit purchases,
an adjustment in income must be made for changes in the
general price level. In addition to the effect of the current
year's income, demand is also affected by the direction in
which income has been changing from the preceding year.
In other words, for any given current income, purchases
tend to be greater when income has been rising from the
previous period than when it has been falling.
This may be due in part to more confidence about future
income prospects if income has been rising during the immediate past and a corresponding pessimism associated with
shrinking income. Again, there is usually some lag in
adjusting spending for many major items including most
NOTE.—MR. ATKINSON IS A MEMBER OF THE CURRENT BUSINESS
ANALYSIS DIVISION, OFFICE OF BUSINESS ECONOMICS.
services and housing; consequently, when income is rising,
cash is a little freer and consumers may tend to trade in their
cars or appliances for new models sooner than in a period of
stable income. Similarly, when income is falling, consumers
may feel pinched for cash and tend to defer purchasing.
Also, fewer new models will have been acquired in the recent
past if income has been low than if it has been high, and hence
purchases will be more likely in the current year than if
there had been a wave of recent buying during a period of
high income.
Another basic influence affecting consumers' willingness to
buy is the price at which the products are offered for sale in
relation to the general price level. Despite the problems
in obtaining a price series for products which change in
quality over a period of years, there is a clear tendency for
relatively low prices to stimulate and for relatively high
prices to retard buying. For some products, the change in
the rate of population growth and family formation in the
postwar years as compared with earlier periods is also an
important demand consideration.
Passenger Automobiles
Among the consumers7 durable goods, the backlog influence
upon demand has persisted longest for automobiles. This is
partly a result of the time involved in getting the huge
automobile industry into full-scale operation after the end of
the war. Although old cars were repaired and kept in use
well beyond ages at which they would ordinarily have been
scrapped, 2 years elapsed after the war before the total
number of cars in use again reached the prewar peak of 29.5
million attained in 1941. It was not until 1949, when registrations exceeded 36 million, that the principal deficiency in
the total number of cars appeared to have been made up.
Although the number of cars in use depends upon economic
conditions as well as upon the growth in population, it is of
some significance that the increase in registrations of 6.8
million between 1941 and 1949 was about the same as the
increase in the number of households. A similar trend prevailed between the full-employment years 1929 and 1941,
although the growth in the use of cars during this period was
retarded by the relatively low income during most of the
intervening years. Other evidence suggesting that the deficiency in total cars was about made up by 1949 is the return
of more normal rates of scrapping old cars. The apparent
scrappage of 2.2 million cars in 1949 was about equal to the
prewar average and more than double the number scrapped
in other recent years.
Deficit in younger age cars
Although the total number of cars is about what might
be expected on the basis of past relationships, production
since the end of the war has not yet brought the car population in the younger age groups to the level which existed
before the war. The principal deficiency is in the number of
cars which have been in operation less than 8 years, as shown
in the accompanying chart of age distribution of automobiles.
SURVEY OF CUEEENT BUSINESS
6
In July 1949, there were about the same number of cars less
than 4 years of age as in 1941, but 9 million fewer cars between
the ages of 4 and 8 years, reflecting the stoppage of production in the war years.
Chart 1.—Cumulative Number of Total Passenger Car
Registrations, by Age Groups1
MILLIONS OF UNITS
40
10
~
AGE-GROUPS (YEARS)
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
50-166
1
Data are as of July 1; normal scrappage age of cars for 1941 and 1949 was estimated by the
U. S. Department of Commerce, Office of Business Economics.
2 Latest data plotted for 1941 are for cars in the 13.5 years and over-age groups, which are
not reported separately.
Sources of data: R. L. Polk & Company and Reuben H. Donnelley Corporation; data
tabulated from Automotive Industries, published by Chilton Company.
Estimates of registrations by age groups are not available
beyond the middle of 1949, but sufficient data are available
to indicate the effect of the past year's high rate of output
upon the stocks of cars in the younger age groups. As of
mid-1950, there are approximately 16 million postwar cars,
all of which are less than 5 years of age. This is about 2
million more than the number registered in the same age
groups as of mid-1941. If the comparison is broadened to
include the war years, then the present population of cars
less than 9 years of age is 4 million smaller than the similar
age-group in 1941, at which time the car population reflected
sales during a period of widespread unemployment. The
net decline in the number of cars in the lower-age groups
during this period of rapid growth in population and substantial rise in real income constitutes an abnormal influence
upon the demand for new automobiles.
The contrast between the age distribution of automobiles
and that of the major household appliances is indicated by a
comparison of output rates in the postwar years with earlier
periods. In the 4 years 1946-49, real disposable income
was more than 50 percent higher than in the 4 years just
before the war; new car registrations, however, were up only
about 14 percent whereas refrigerator output was up 50
percent in the latter period and electric washing machine,
vacuum cleaner, and electric range output were all more
than twice as high as in the earlier period.
It is this gap in availability of cars in the lower-age groups
which is augmenting the otherwise strong demand for automobiles in 1950 and is partially responsible for the relatively
high prices for which used postwar cars are selling. Although
the current age distribution of automobiles has been compared with the prewar situation, it should not be inferred
that the difference between the two is a precise measure of
the deficiency now existing in the car population.
June 1950
Basis of demand estimates
The factors used in the analysis of new car registrations
were disposable personal income in the current year, disposable personal income in the previous year—both adjusted
for changes in prices—the ratio of automobile prices to the
Consumer Price Index, and a time factor.1 The estimates of
new registrations derived from past relationships among
these variables were first calculated on a per household
basis from disposable income per household and then multiplied by the number of households. Logarithms were used
for all the variables except time.2
One of the prominent characteristics of the demand for
new passenger automobiles is immediately apparent from a
glance at chart 2—the wide swings in sales. Thus from a
peak of 3.9 million cars in 1929, sales dropped to 1.1 million
at the bottom of the depression in 1932.
The most important influence affecting the sale of new
automobiles is disposable personal income. Excluding the
influence of other factors each increase of 1 percent in real
disposable income was associated with a rise of 2% percent in
automobile sales during the base period, and each increase
of 1 percent in the ratio of the current to the preceding year's
income was associated with a rise of 2 percent in sales.
The other factors had smaller but significant influence upon
automobile sales. A rise of 1 percent in the ratio of automobile prices to the general level of consumers' prices was
associated with an average decline of 1.3 percent in the
number of automobiles sold.
Finally, there was a gradual decline of about 1.5 percent
per year in the sale of automobiles per 1,000 households,
assuming no change in income per household and no change
in the ratio of the price of automobiles to consumer prices
generally. Note that this is not the same as saying that
total automobile ownership per 1,000 households declined.
In fact there was a rise of about 10 percent in the number of
automobiles in relation to the number of households between
1929 and 1949.
The downward time trend is attributable to a substantial
rise in the average usable life of automobiles. The average
age of cars scrapped in 1925 was estimated at 6.5 years. It
rose gradually, reaching 10 years in 1940, and is now above
12 years. The increased durability of automobiles is indicated by a rise in the lifetime mileage per car from about
25,000 in 1925 to 3approximately 100,000 for cars scrapped at
the present time.
The estimating equation based upon the four factors discussed accounts for almost all of the fluctuation in the sale of
new automobiles during the years 1925-1940, as shown in
chart 2. The largest differences between the "calculated"
and actual sales were about 360,000 cars in 1937 and 1939,
and part of the discrepancy in these years is attributable to
seasonal influences in combination with income shifts within
each year.4
1
The price used for automobiles is the retail price index of the Bureau of Labor Statistics
for the period for which it is available, 1935 to date, linked to an index derived from the wholesale value and number series of the Automobile Manufacturers' Association for prior years.
These two series differ in a number of characteristics, the most important of which is that the
BLS data represent specific models or makes, whereas the AM A are derived from the total
sales in each year and vary with the changing product mix of the industry.
The new registrations estimates are affected by special provisions in certain State laws which
result in small differences between sales and registrations of new cars. Neither of these
limitations seems sufficiently important to affect seriously the results obtained.
2 This formulation of the demand equation is somewhat similar to one used by Roos, et al.,
"The Dynamics of Automobile Demand" published by the General Motors Corp., New
York (1939).
3
Automobile Manufacturers' Association—"Automobile Facts and Figures" 1949.
4 Although income was a little lower in 1937 than in 1939 and was rising less rapidly in 1937,
automobile sales were one-third higher in the earlier year. This may be partially the result
of the high proportion of sales during the early part of each year. Sales in 1937 were high
partly because the seasonal peak in buying occurred before the beginning of the sharp recession
in the latter part of the year. Similarly in 1939, the seasonal peak in buying occurred before
substantial recovery from the 1938 recession had been established. Again there may have
been more price resistance in 1939 than indicated in the formula. Automobile prices were
higher in 1939 than in 1937, although retail prices as a whole averaged lower.
The next largest difference between actual and calculated during the base period was
275,000 in 1931.
June 1950
SUKVEY OF CUEEENT BUSINESS
The formula used for automobiles is more complicated
than those shown for the other consumers' durable goods, yet
In 1941 a substantial curtailment in car production kept the omission of any of the four independent variables resales from meeting the demand in that year. After the war,
sulted in a significant reduction in the explained variation in
new automobile sales, which were limited in this period only
automobile sales as well as a change in the current values
by production bottlenecks, remained below the estimated
indicated by the equation. For example, omitting the price
normal demand exclusive of backlog through 1948. In the
ratio would increase the 1949 calculated demand value by
latter year actual sales were 3.5 million cars, which was a
nearly one-fifth.
little lower than in the best prewar years, whereas the
On the other hand, the formula used to compute the
demand indicated by the current level of income and prices
demand for automobiles is a simplification of the varied
was over 5 million. In 1949, however, sales exceeded the
forces affecting the sale of automobiles and many important
estimated normal demand for the first year since 1940.
influences are not taken into consideration.
Trade-in
The reduction in the "calculated" demand for automobiles
allowances for used cars affect the total outlay involved in
from 1948 to 1949 shown on the chart was partly attribut- purchasing a new car, and credit terms available influence
able to a leveling off in disposable income—on a per housethe monthly carrying cost and in some cases the size of the
hold basis, income was lower in 1949; but the principal down payment.6 These are clearly important elements in
influence on the calculating formula was an advance in
individuals' decisions about buying a new car, and shifts
automobile prices coupled with a slight reduction in the
in these elements may alter sales appreciably once the
general level of consumers' prices. Despite a protracted
backlog demand for automobiles is exhausted.
strike in an important sector of the industry, sales increased
The age-distribution of- automobiles in use is subject to
during the first half of 1950 to an annual rate of about 5.8
rather substantial changes, as a result of the " boom-bust"
million. This is considerably above the "calculated" value,
character of new automobile sales as well as the wartime
even though the latter is pushed up temporarily by the
gap in production. This point was discussed more fully in
influence of the National Service Life Insurance payments.
connection with chart 1.
Another set of influences which may affect sales differently
Chart 2.—New Passenger Car Registrations
at the present time than in the prewar years is the change in
distribution of income and population. Studies of consumer
MILLIONS OF UNITS
purchases show that for given income levels, a higher
6
proportion of families buy automobiles in rural areas than in
large urban centers. Consequently, the larger rise in farm
than in nonfarm income from the prewar period to the
5 present time may increase the demand for cars more than is
indicated by the average rise in income. This may be
partially offset, however, by the shift in population from
4 the farm areas. In the past decade farm population has
declined 10 percent while the nonfarm population has
increased about 20 percent.
A contrary influence is the movement of population from
the heart of large cities to suburban areas where residents
have a greater demand for a car. Another important geographic difference in the car market is that the West has a
2 higher ratio of cars in relation to population than the East,
and the West has grown more rapidly in recent years.
A final special consideration not explicitly included in the
demand formula is the length of time which cars are used
I by purchasers of new cars and the total usable life of cars
as affected by factors other than income. During the prewar period, there was a gradual increase in the length of
I I I I I I I I I I I I I I I
1926 28
30
32
34
36
38
40
42
44
46
48
50^
life of automobiles. One of the most puzzling problems in
connection with the demand for automobiles is the extent
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
50'-/52
to which the rise in scrappage age before the war was due
to low income and during the war to the cessation in pro1 Calculated from a least squares regression for the years 1925-40. Equation: Y=
0.0002797Xi'-iMXtf-uXf- 1 '* 1 * (0.985)*, where Xi=real disposable income per household in
duction. The time trend used in the formula reflects this
1939 dollars; Xz=percentage of current to preceding year in real disposable income per houserising usable life of automobiles, and the continuation of the
hold in 1939 dollars; Xz=percentage of average retail price of cars to consumers' prices;
/=year minus 1933; Y=new private passenger car registrations per 1,000 households.
time trend to the present assumes that the lengthening in
Coefficient of correlation .R=0.98.
2
Data are for first half of 1950, seasonally adjusted, at annual rates.
life has persisted. The importance of this factor is suggested
Sources of data: Actual—R. L. Polk & Company; calculated—income and households,
by the fact that if the average scrappage age should decline
U. S. Department of Commerce,Office of Business Economics; prices, U. S. Department of
Labor, Bureau of Labor Statistics, and Automobile Manufacturers Association
to 10 years, which is the estimate for 1940, this would increase the current demand estimate calculated from the
Some of the alternative formulations of the automobile
formula shown by 15 percent, since the downward time trend
demand equation tested were judged to be only slightly
should be stopped with 1940 under these circumstances.
inferior to the one shown in chart 2. One which differed only
Thus, the results of the demand calculation for automoin the substitution of the average scrappage age of autobiles shown in chart 2 would be somewhat different if other
mobiles for the time trend gave results which are practically
reasonable formulations of the equation were used, but the
identical with those shown in the chart.6 Those involving
general situation indicated by the several alternatives tested
linear relationships indicated slightly higher current values
is one of strong demand for automobiles at present income
than the results of the equation presented and those calculevels. The " calculated" demand is not so high, however,
lated on a total rather than a per-household basis had current
as the output rate prevailing in 1949 and the first half of
values as much as 10 percent lower.
Sales above calculated value in 1949
fi
Scrappage ages are available at intervals of about 5 years. Linear interpolations for the
intervening years were used in the regression.
6
For a discussion of the role of credit in the demand for another consumers' durable goodfurniture—see SURVEY OF CURRENT BUSINESS, May 1950, pp. 10-11.
SUKVEY OF CUEEENT BUSINESS
8
1950, and is considerably below the peak rate attained in the
second quarter of 1950. Part of the high sales of new cars
in these periods appears to be attributable to the backlog
still remaining from the war period.
It is to be emphasized that the demand for new cars is
extremely sensitive to changes in business conditions: Sharp
fluctuations in new car sales occur in response to relatively
moderate changes in income. The demand for new cars is
also sensitive to changes in the price of cars. Accordingly,
aside from changes in income and the general price level, the
possibility of reduction in the final cost of new automobiles
to consumers is a factor that could operate to stimulate the
demand for cars, and this may b» important as the backlog
influence wanes. The cost is influenced not only by the price
of the cars, but by the added features that have been significant in the postwar period and by the unusually large proportion of higher priced models produced.
Electric Refrigerators
A high rate of production of electric refrigerators in recent
years has largely eliminated the direct influence of the wartime gap in output upon the current demand for refrigerators.
An estimated total of 29.5 million refrigerators in use at the
beginning of 1950 was 10 million higher than the number in
use in January 1942.7 This rise was 3% million greater than
the increase in the number of households during the same
period, but was 4 million smaller than the increase in the
number of refrigerators in use during a similar span of years
before the war. In fact, this rapid growth in usage was a
dominant feature of the demand for electric refrigerators during the interwar period, and as a result, the growth factor
tended to obscure the effect of income upon refrigerator sales
Chart 3.—Manufacturers' Domestic Sales of Electric
Refrigerators
MILLIONS OF UNITS
5
EXTENSION OF 1927-41
RELATIONSHIP
ACTUAL 4.
1926
28
30
32
34
36
38
40
42
44
46
U.S.DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
48
SO-164
1
Data represent sales from Electrical Merchandising, less exports from U. S. Bureau of
the Census.
2 Calculated from a linear least squares regression for the years 1927-43. Equation: Y=
-2812.7546+34.3788.X'H-35.6204X2+2024.2754X3, where JTi=real disposable income in billions
of 1939 dollars, X%=change in real disposable income from preceding year in billions of 1939
dollars, ^r3=time in logarithms (1925=1), F=manufacturers' domestic sales of electric refrigerators in thousands of units. Coefficient of C9rrelation jR=0.96.
3
Data are for first half of 1950, seasonally adjusted, at annual rates.
Sources of data: Actual—McGraw-Hill Publishing Co., Inc., Electrical Merchandising
and National Electrical Manufacturers Association; calculated—income, TJ. S. Department
of Commerce, Office of Business Economics.
7 McGraw-Hill Publishing Company "Electrical Merchandising" Annual Statistical and
Marketing issues.
June 1950
until the latter part of the 1930-40 decade. Consequently
the calculated values shown in chart 3 may be considered to
be less firmly established than for other products where
growth is less important.
Refrigerators, like other household appliances, differ
from automobiles in that there is no considerable portion of
buyers who exchange used for new models in from 1 to 5
years. Nevertheless, obsolescence is an important factor in
refrigerator demand. The trend is toward larger models
with bigger freezing capacities and larger frozen food storage
comp ar tm ents.
The variables used to calculate the sales of new electric
refrigerators were disposable personal income, change in disposable income from the previous year—both adjusted for
price changes—and a time factor. During the first few years
of the 1926-41 period, refrigerator sales were less than a million units a year and were little affected by changes in income
and economic conditions. The sales curve for these years
was primarily a growth trend with expansion in each of the
depression years except 1932, and as evident from the chart,
the demand equation does not correspond closely with actual
sales in these years. During the latter part of the period,
however, sales were more affected by the level of income and
by changes in income.8
In the postwar years, sales about coincided with calculated
demand, exclusive of backlog, in 1947 and have since been
higher than the calculated values. In 1949 domestic sales
were 4.3 million, or about 10 percent higher than the calculated value, reflecting the stimulus provided by the housing
boom. Some further advance occurred in both categories in
the first half of 1950; on a seasonally adjusted annual rate
basis.
Vacuum Cleaners
A high rate of production of vacuum cleaners was attained
soon after the end of the war and has continued in the intervening years. As a result, the gap in production during the
war was apparently made up by the beginning of 1949. At
that date total postwar sales of new units equalled sales in
the 10 years just preceding the war.
If the backlog element in vacuum cleaner sales has disappeared, the emergent demand based upon current income and
other market forces is strong, accounting for sales of 2.8 million in 1949 and a 3.2 million annual rate in the first half of
1950. The calculated value for 1949 is about 14 percent
below actual sales both in 1949 and in the first half of 1950.
It seems likely that as in the case of other appliances the construction boom in housing is giving a special fillip to demand
which is not fully reflected in the demand equation. Another
favorable factor which is not included in the demand equation
is the smaller rise since the prewar period in vacuum cleaner
prices than in the prices of consumer goods generally.
The regression equation used in calculating vacuum cleaner
sales is of the same form as that used for automobile sales,
except that only the two income variables are used. The regression coefficients given below chart 4 indicate that if the
ratio of the current to the preceding year's real disposable
income remained unchanged, each increase of 1 percent in
real disposable income was associated with a rise of 2.5 percent in vacuum-cleaner sales during the base period. Similarly, aside from the level of income each increase of 1 percent
in the ratio of the current to the preceding year's real disposable income was associated with a rise of 1.25 percent in
vacuum-cleaner sales. This relationship implies that the
sales are influenced three times as much by income in the
current year as by income in the preceding year.
8
Change in disposable income from the previous year is included in the formula although
it does not quite meet the usual test of significance by analysis of variance. As explained
above, in the earlier years of the period this variable was not related to sales, but it appears
to be important in later years.
SUKVEY OF CURRENT BUSINESS
June 1 5
90
Chart 4.—Manufacturers9 Domestic Sales of Electric
Vacuum Cleaners
MILLIONS OF UNITS
5
ACTUAL
1926
28
30
32
34
36
38
40
42
44
46
U.S.DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
48
50-168
1
Data represent sales from Electrical Merchandising, less exports from U. 8. Bureau of
the Census.
2 Calculated 2from 1 a least squares regression for the years 1928-40. Equation: Y=
0.0000001524Xi -5129^ -2727, where Y— vacuum cleaners per thousand households, ^i=real
disposable income per household in 1939 dollars, Xi=percentage of current to preceding year
in real disposable income per household in 1939 dollars. Coefficient of correlation /?=0.95
' Data are for first half of 1950, seasonally adjusted, at annual rates.
Sources of data: Actual—McGraw-Hill Publishing Co., Inc., Electrical Merchandising
and Vacuum Clearner Manufacturers Association; calculated—income and households, U. S.
Department of Commerce, Office of Business Economics.
Of the various alternative relationships tested, two equations based upon the same two income variables as the one
described, together with a time trend, and calculated on a
linear basis without explicitly taking into consideration the
number of households, showed the same degree of correlation.
These alternative equations gave current values of from 2 to
5 percent lower than those in the chart, depending upon the
way the time trend was handled. Since the time trend was
avoided by the calculation on a per household basis, this
equation is preferable. The addition of a vacuum cleaner
price variable had little effect upon the degree of correlation
in any of the formulations tried and its coefficient showed
wide fluctuations.
washer for their own use. In many large apartment communities, an individual household washer is not permitted,
and in any case they are not widely used in individual
apartments.
The postwar housing boom is boosting the sales of washers
along with the sale of other major appliances. Some new
houses are offered for sale equipped with a washing machine—
usually automatic—as a special feature to attract buyers.
Since this practice was not common before the war, there was
little relationship between new house construction and sales
of washers.9 Accordingly new house construction is not
included in the demand equation based upon the prewar
period, but it has been an important influence in recent years.
Finally, because of its great convenience and ease of operation, the automatic-type washer is broadening the demand by
appealing to users who would not have purchased the
non-automatic type of machine.
Although the automatic washer was introduced as early
as 1937, it was not an important factor in total sales until
after the war. Consequently, the demand equation based
upon prewar relationships does not take into account the
influence of the new type machines, and the extrapolation of
the regression equation to the postwar period makes no
allowance for the effect of automatic types upon total washer
sales. As shown in chart 5, the calculated value for 1949 is
about 17 percent below actual sales of non-automatic type
washers but far below total washer sales. On the basis of
prewar relationships, automatic washers appear to be
broadening the demand and speeding up replacement of older
units to a greater extent than they are replacing sales of
non-automatic washers. A part of the strength in demand
for non-automatic machines, however, is to be credited to
substantial improvements in these models.
Chart 5.—Manufacturers' Domestic Sales of Electric
Washing Machines
MILLIONS OF UNITS
5
ACTUAL •f'
ACTUAL, NONAUTOMATIC*
Electric Washing Machines
The sale of electric washing machines has been substantially
higher in the postwar period than would be indicated on the
basis of the backlog carried over from the war period and of
any demand calculation based upon prewar relationships similar to those used for the other major consumer durable goods.
As early as 1946, sales exceeded the prewar peak in 1941, and
were twice as high in 1947 and 1948. In 1949, sales were somewhat lower—3 million units—but they were still about 75
percent higher than the calculated level based upon prewar
relationships. (See chart 5.)
Market broadened by automatic types
The principal explanation appears to be the rise in sales of
automatic type washers, which tapped new layers of demand
for home-type (domestic) laundry equipment. The rise of
community centers with a number of washing machines
serving families in the neighborhood is a new development
linked to the automatic washer. The ultimate effect of these
community centers depends upon the extent to which they
serve households which would otherwise have purchased a
9
889314*—50
EXTENSION
OF 1926-40^
RELATIONSHIP^
I
1926
28
30
32
34
36
38
40
42
44
46
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
I
48
SO-I €3
1
Data represent sales from Electrical Merchandising, less exports from U. S. Bureau of
the Census.
2
Calculated from a linear least squares regression for the years 1926-40. Equation: F=
719.8601+14.0418-Xi+39.3965X2-5.2103X3, where Xi=real disposable income in billions of
1939 dollars, Xz=change in real disposable income from preceding year in billions of 1939
dollars, Xs=percentage of average retail price of washing machines to consumers' prices,
F=washing machines in thousands of units. Coefficient of correlation J?=0.96.
3
Data are for first half of 1950, seasonally adjusted, at annual rates.
Sources of data: Actual—McGraw-Hill Publishing Co., Inc., Electrical Merchandising
and American Home Laundry Manufacturers Association; calculated—income, and households, U. S. Department of Commerce, Office of Business Economics; prices, U. S. Department of Labor, Bureau of Labor Statistics, and Electrical Merchandising.
9
When tested in the formula, the relationship was low and the sign indicated inverse
correlation. Residential construction was low in relation to income in the 30's, whereas sales
of washers and most other appliances tended to be higher in relation to income in this period
than in the preceding decade.
SUEVEY OF CURRENT BUSINESS
10
The estimating equation included real disposable income
in the current year, the change in income from the preceding
year, and the ratio of the price of washers to all consumers'
prices. The rate of change in income appeared to be a more
important factor affecting year-to-year changes in sales than
the amounts of income; however, over a period of several
years, the amount of income had the larger influence. This
is the result of the fact that changes in income were not progressive, whereas the level of income varied widely over a
period of years. For example, between 1948 and 1949 the
change in income was about the same as the average for the
base period, but the level of income was nearly twice as high
as the average.
A number of other formulations of the demand equation
including the substitution of time for the price variable
showed about the same degree of correlation and gave current values varying within a range of about 5 percent above
and below the estimate shown in the chart. All of the
equations had the common characteristic of indicating that
washer sales were very sensitive to changes in income from
one year to the next. All of the equations omitting the
change in income from the previous year gave poor results,
i. e., low correlations.
June 1950
Chart 6.—Manufacturers' Domestic Sales of Electric
Ranges
MILLIONS OF UNITS
2.5
2.0
ACTUAL &
1.5
EXTENSION OF I928-4O
RELATIONSHIP
1.0
.5
I
1926
I
I
28
\
1
30
32
34
36
38
40
42
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS
Electric Ranges
Electric ranges came into wide use at a later date than the
other products considered here. Sales were less than 150,000
units in 1929 and reached 250,000 for the first time in 1936.
In the past 3 years, however, sales have been above 1 million
units each year. This tenfold growth in about 20 years is
an important feature of the demand for electric ranges. As
explained in the case of refrigerators, the growth trend tends
to obscure the effect of changes in income and price upon
sales. As a result, the regression equation provides a less
adequate basis for determining the basic character of the
demand for ranges than for other products which have been
in wide use over a longer period of time. Another special
condition in the case of electric ranges is that they share the
market with nonelectric ranges. Although there are nonelectric refrigerators and washing machines, these types represent a much smaller share of the market than do nonelectric ranges, which account for more than half of the total
ranges sold. The nonelectric types have also registered
large gains in sales in the postwar years; they are not included
in this study only because sales data are not available over a
sufficient span of years.
The variables used in the equation are disposable income,
adjusted for price changes, the ratio of range prices to the
consumers' price index, and a time factor. For 1949, the calculated value is 12 percent less than actual sales. The demand for electric ranges in 1949 and early 1950 appears to
be augmented by the high rate of construction and sale of
new houses which is lifting the sale of most types of housefurnishings. Of other formulations of the demand equations
for electric ranges, one using the same variables but taking
into consideration the number of households had about the
same degree of correlation and gave 6 percent higher current
values. One caution in the interpretation of the estimating
equation is that the effect of income is probably understated
for the present rate of sale of electric ranges.
Summary and Conclusions
The demand for automobiles is still favorably influenced by
the stoppage in output during the war. While there appears
to be no shortage in the total number of cars in use, there is a
shortage in the number of younger age cars. Aside from the
special influence of the shortage carried over from the war,
the "normal" demand for new cars was moderately lower
than actual sales in 1949 and the first half of 1950. It would
44
46
ECONOMICS
\
48
SO-165
1
Data represent sales from Electrical Merchandising, less exports from U. S. Bureau of
the Census.
2
Cacluated from a linear least squares regression for the years 1928-40. Equation: Y=
—26.3773+9.24G8X1-3.4318X2+16.5899X3, where Xi=real disposable income in billions of
1939 dollars, Xz=percentage of average retail price of electric ranges to consumers' prices,
-X"3=time, Y=manufacturers' domestic sales of electric ranges in thousands of units. Coefficient of correlation #=0,99.
3
Data are for first half of 1950, at annual rates.
Sources of data: Actual—McGraw-Hill Publishing Co.. Inc., Electrical Merchandising
and National Electrical Manufacturers Association; calculated—income, U. S. Department
of Commerce, Office of Business Economics; prices, Electrical Merchandising.
seem, therefore, that the remaining deferred replacement
demand is being worked off gradually.
For the most part, the direct influence of the wartime
cessation in production of major household appliances has
been made up by unusually high rates of output in the years
since the end of the war. However, two special aftermathof-war influences have been boosting the sale of appliances.
The first is the unusually high marriage rate since the end of
the war. Marriages reached a peak of 2.3 million in 1946—
about twice the estimated normal rate—but have declined
in each succeeding year until they are now little above the
normal expected rate based upon the age-distribution of the
population.10
The second factor, related in part to the first, is the current
housing boom which is providing a special fillip to the demand for appliances. In the first half of 1950, the National
Service Life Insurance dividend payments to veterans was an
additional stimulus to demand.
Sales of major appliances in 1949 were moderately below
the peak reached after the war, but they were substantially
higher than in any year before the war and about 10 to 15
percent above the calculated normal demand for 1949. A
further rise in sales and demand occurred in the first half of
1950.
The demand functions derived in this study are based upon
the influence of three or four basic factors as measured in the
prewar period. Such factors as advertising, salesmanship,
and credit terms, as well as changes in the product and in
competing products, are not explicitly included in the calculations though they are at times important influences upon
sales. These limitations as well as those inherent in any
statistical calculation of demand should be borne in mind
in interpreting the results of this study. These results should
be applicable, however, as a general guide to particular
analyses at this time.
10
S. M. Livingston, "Family Formation and the Demand for Residential Construction."
SURVEY OF CURRENT BUSINESS, March 1950.
By Walter Lederer
Balance of International Payments
First Quarter of 1950
During the first quarter of 1950 the balance of international payments of the United States reflected the recent
progress foreign countries had been able to make toward
a new postwar equilibrium in their international transactions. In addition to an analysis of these developments, revisions of balance of payment data for the years
1946 to 1949 are presented.
LT THE conclusion of the second year of the European
Recovery Program, which was reached with the end of the
first quarter of 1950, the United States export surplus of
goods and services had declined to the lowest point of the
entire postwar period. The export surplus during the first
quarter of 1950, at an annual rate, was $10 billion below the
postwar peak in the second quarter of 1947. This was
brought about by a decline in exports of goods and services
of $8.3 billion, and by an increase in imports of goods and
services of $1.7 billion, both at annual rates. The export
drop from the abnormally high total of 3 years ago was
thus by far the more important factor of the two. While
the decline reflects smaller U. S. Government aid available
to finance foreign purchases in the United States, improved
supply-demand relationships abroad also played an important
part in reducing foreign dependence on the United States
as a source of supply.
Reduced means of financing
The decline in Government aid disbursements from an
annual rate of $8.7 billion at the time of the peak export
surplus in 1947 to $4.4 billion during the first quarter of 1950
accounted for 38 percent of the decline in the means of
financing the export surplus and the unaccounted for transactions ; changes in dollar disbursements by the International
Bank and the Monetary Fund and in private United States
capital and remittances accounted for about 9 percent.
In addition to using these loans and gifts from the United
States or from the international institutions, foreign countries
in the second quarter of 1947 reduced their own gold and
dollar holdings at an annual rate of $4.1 billion, whereas in
the first quarter of 1950 such assets were accumulated
(accumulations through transactions with the United States
only) at a rate of $1.9 billion. This net change in the movement of foreign reserves of $6 billion at annual rates appears
to have been equally as important as the decline in United
States Government and private funds in reducing the means
of financing the export surplus.
The need of foreign countries to curtail spending from
their reserves was, of course, partly due to the decline in
the reserves themselves. Total foreign gold and dollar holdings (excluding those of the International Bank, the Monetary Fund, and the USSR) had declined from $19.3 billion at
the end of 1946 to $15.2 billion at the end of 1949. The
ability of foreign countries to accumulate reserves, in spite
of greatly reduced United States Government aid, indicates,
however, a genuine improvement in their economic situation.
Table 1 indicates that the change from a foreign sale to an
accumulation of gold and dollars characterized all areas, but
that it was most pronounced in the ERP countries and
Canada.
The improvement in the international economic situation
is indicated by the increased ability of foreign countries
as a whole to meet their needs from their own resources.
Despite the decline of United States merchandise exports
from $15.4 billion in 1947 to $12 billion in 1949, foreign
countries in the aggregate were able to raise their imports
from $50 to $55 billion during the same period. This trend
corresponds to the development which should be expected as
a result of the increase in the capacity of foreign countries to
produce and of the decline in some of their domestic demands
after meeting the most important postwar reconstruction and
replacement requirements.
The widespread devaluation of currencies in 1949 has
probably speeded up these developments by reducing foreign
demand for some imports from the United States and other
countries with relatively stable currencies, and by stimulating
exports of the devaluing countries to rise relatively faster
than their production. The full effects of the devaluations
as such on the foreign trade of the United States, however,
cannot be separated statistically from other measures taken
abroad to conserve dollar exchange, such as intensified
exchange restrictions and bilateral trade agreements. Nevertheless, it seems to be of some significance that during the
fourth quarter of 1949 European countries were able to
increase the volume of exports by about 17 percent after it
had remained unchanged for about a year. United States
exports in contrast did not rise during the same period and
actually fell during the following quarter.
The improved position of the ERP countries vis-a-vis the
rest of the world is also indicated by the apparent decline of
dollars transferred to other areas. During the 3 years, 1947
to 1949, the quarterly average of such transfers (and other
dollar transactions unaccounted for in the balance of payments) amounted to $465, $400 and $500 million, respectively. In the first quarter of 1950 such transfers from
ERP countries were only about $50 million.
Since the unaccounted-for transactions in the balance of
ayments with all areas did not show a similar change, the
ecline of this figure for the ERP countries can be considered
as an indication of their improved balance-of-payments
position with the rest of the world. Correspondingly, the
same data show that Latin America, which had been a net
receiver of dollars from countries other than the United
States from the end of the war until the end of 1949, apparently had to pay to other areas nearly $100 million net during
the first quarter of 1950. Canada's apparent dollar receipts
from other areas fell from a quarterly rate of $140 million
in 1949 to only $40 million in the first quarter of 1950. The
dependencies, which had a balance-of-payment deficit with
11
P
SURVEY OF CURRENT BUSINESS
12
June 1950
Table 1A.—International Transactions of the United States, by Area,R 1946, 1947
[Millions of dollars]
1946
ERP
Tfaw
countries
ERP
Canada
Latin
Internaand New- Ameri- All other
tional
foundcan Re- countries instituland
publics
tions
Other
Europe
encies
I
Total
Imports on goods and services:
Merchandise, adjusted
Transportation _
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
3,146
358
58
3,014
383
83
2,937
300
66
11, 672
1,420
252
4,252
767
29
500
63
6
1,024
1,469
2,148
229
77
2,279
212
11
112
32
108
16
127
16
459
128
230
88
6
3
13
41
2
74
20
51
7
157
6
188
3
172
8
272
4
789
21
93
14
20
4
248
329
5
95
2
3,897
3,784
3,722
14,741
5,473
598
1,125
1,954
2,882
2,657
52
1,242
138
81
1,239
143
102
1,254
165
169
1,433
153
105
5,168
599
457
767
269
58
320
22
11
212
21
4
900
82
209
1,882
154
164
1,002
51
11
85
34
135
34
83
34
89
35
79
137
386
105
—33
1
6
15
6
13
35
3
335
43
4
46
4
49
4
63
3
201
15
143
3
2
40
4
9
1
7
7
1,677
+1,661
1,651
+2,246
1,764
+2,020
1,871
+1,851
6,963
+7,778
1,312
+4,161
381
+217
1,256
+698
2,258
+624
1,416
+1 ,241
96
—44
-127
-757
-181
-696
-163
-484
-208
-351
-679
-2, 288
-314
-468
-35
-4
—8
-3
—42
-19
— 149
-267
— 17
-1,527
__
_
_
Year
3,338
_
IV
112
64
_
III
2,575
379
45
Exports of goods and services:
Merchandise, adjusted
Transportation
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
_
II
__
Total
Balance on goods and serviceUnilateral transfers (net) :
Private
Government _
Total
Balance on goods, services, and unilateral transfers (net
foreign investment)
United States capital (net) :
Private long-term
Private short-term
Government long-term
_
Government short-term
Foreign capital (net) :
Long-term
Short-term
Increase (— ) or decrease (+) in United States gold stock
Transfers of funds between foreign areas [receipts from other
areas (— ), payments to other areas (+)], and errors and
omissions
26
(*)
244
+881
-114
11
-877
-647
-559
-2,967
-782
-39
-114
-11
-61
-416
-1,544
+1 ,373
+1 ,292
+4,811
+3 ,379
+178
+767
+687
+563
+825
1,588
-71
-39
-464
+67
-38
81
-988
+110
+36
-104
-1,095
+37
+14
-86
-715
+36
-59
-310
-3, 262
+250
-23
-154
-2, 286
+186
—5
-5
-63
-7
+21
16
-36
+6
(->
+1
+76
-67
-56
+11
—92
—74
-284
+59
-323
-156
+65
-227
-33
-282
-31
-143
-89
-77
-15
-333
-288
-347
-639
-623
-113
396
-368
—24
+36
-3
-3
+81
-13
-16
-589
-33
+6
+119
-168
—200
—338
-104
+448
+69
+48
-26
+62
+95
+179
-225
—107
-584
23
—484
—208
+1 394
ERP
countries
ERP
dependencies
-250
Latin
Canada
InternaOther and New- Ameri- All other tional
Europe foundcan Re- countries instituland
publics
tions
II
III
IV
Year
4,273
477
94
3,857
466
109
3,921
414
71
15, 977
1,788
342
5,728
1,017
55
815
64
10
491
46
5
2, 116
78
3,859
152
273
98
2 927
310
22
41
68
120
15
118
23
117
15
117
18
472
71
240
24
8
1
8
1
44
2
82
26
50
13
40
4
226
14
277
6
228
38
349
8
1,080
66
110
43
32
3
8
302
00
468
9
165
6
4,800
5,268
4,830
4,898
19 ,796
7,217
930
562
2 694
4,815
3 493
85
1,509
174
97
1,563
199
128
1,360
198
233
1,668
190
90
6,100
761
548
843
380
100
520
28
22
195
14
5
1, 131
92
241
2,306
44
106
46
97
46
140
181
450
141
142
1
13
1
15
16
11
18
44
50
6
60
3
49
3
74
4
233
16
181
2
2
1
1
30
2
10
1
1 083
59
14
4
199
9
6
22
45
107
- _
_
_
__
__ _
_
_ _
-
_ _ _ _ _ _ _ _ _ _
-
-
Total
Balance on goods, services, and unilateral transfers (net foreign investment)
United States capital (net) :
Private long-term
Private short-term
_
_
Government long-term
Government short-term
Foreign capital (net) :
Long-term
- Short-term
Increase ( — ) or decrease (+) in United States gold stock
Transfers of funds between foreign areas [receipts from other
areas (— ), payments to other areas (+)], and errors and
omisssions
1,988
+2 ,812
2,103
+3 ,165
1,986
+2,844
2,212
+2,686
8,289
+11 ,507
1,789
+5 ,428
587
+343
231
+331
1,523
+1,171
2,733
+2 082
+2 119
-174
-460
-145
-472
-162
-531
-184
-484
-665
-1,947
-364
-730
-19
+3
— 133
—1
+8
—34
—34
—47
117
561
3,926
431
(*)
(*)
188
166
1,374
26
4
52
+33
g
577
-634
-617
-693
-668
-2, 612
-1,094
-16
— 134
—26
—81
—678
583
+2 ,178
+2 ,548
+2 ,151
+2 ,018
+8 ,895
+4 ,334
+327
+197
+1 145
+2 001
+1 441
550
-155
-127
-3, 773
+13
-115
-82
-1,405
-292
-368
+5
-1,328
+128
-172
+15
-343
+43
-810
-189
-6, 849
-108
-139
+57
—3, 646
— 15
53
+1
+13
+10
— 16
-23
—46
+1
+155
+15
(x)
+12
—387
—225
56
— 120
127
— 14
52
+4
3 062
-48
+1, 679
+81
-13
-370
-793
-61
-115
—666
+26
-855
-784
-96
+339
—2,162
-187
—814
— 1 447
+2
— 128
+6
-7
+28
—27
+8
—516
313
—4
+194
809
+17
229
239
+75
+1 804
+667
+152
+522
+254
+52
+980
+1 ,857
-178
-107
506
—594
—801
+1 309
B Revised.
Source: U. S. Department of Commerce, Office of Business Economics.
(*)
+1 ,369
I
Total _
Balance on goods and services
Unilateral transfers (net) :
Private
Government
(*)
44
8
-884
1947
Total
Imports on goods and services:
Merchandise adjusted
Transportation
Travel
Miscellaneous services:
Private _
Government
Income on investments:
Private
Government
69
125
+777
Item
Exports of goods and services:
Merchandise, adjusted
Transportation
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
80
4
243
June 1950
SURVEY OF CURRENT BUSINESS
the United States throughout 1949 and were, therefore, a
drain upon the ERP countries' dollar resources, became
again a source of dollars for other areas, presumably their
mother countries.
Transactions move toward sustainable pattern
As pointed out below, the rate of the recent decline in the
foreign deficit may be due to special and temporary circumstances, and may, therefore, overstate the actual progress
made by foreign countries in balancing their accounts with
the United States. With these reservations, the size of the
foreign deficit as well as the pattern of multilateral flow of
dollar funds during the first quarter of 1950 appears to have
moved towards an equilibrium which might under favorable
circumstances be sustainable after the end of the European
Recovery Program.
Speaking in aggregative terms and putting aside for the
moment some of the basic inbalances in the parts, this would
require private long-term capital and private remittances to
continue at the 1949 or first quarter 1950 rate, making $1.2
to $1.4 billion available to foreign countries. United States
purchases of newly mined gold could add about one-half to
three-quarters of a billion dollars. Loans by the ExportImport Bank and the International Bank as well as aid to
countries in special circumstances might provide several
hundred million more. These funds less the portion needed
for transactions which now remain unaccounted for could
support a foreign deficit of a magnitude not much below that
reached in the first quarter of 1950.
The deficit of the ERP countries would, under such circumstances, have to be financed with gold obtained mainly from
Africa, and with dollars obtained from Latin America, the
dependencies, and some of the other countries, particularly
those in the sterling area. The latter countries would have
to obtain the dollars through a surplus in their transactions
with the United States, which, though still small, had already
developed in the first quarter of 1950.
Although the first quarter transactions with the rest of
the world as a whole may appear to be not far from the size
and pattern of trade and other transactions which may be
expected after the end of the European Recovery Program,
the new equilibrium has not yet been reached and the need
for Government aid during the remaining years of this program still continues.
The deficit of the ERP countries on goods and services,
which—despite the great decline of their purchases in the
United States—still amounted to over $2 billion at an annual
rate during the first quarter, was too large to be supported
from dollars or gold obtained from other areas unless the
ERP countries' capacity to export is greatly increased.
Bilateral trade agreements might be successful in raising
Europe's exports to the amount required to pay for imports
from the countries with which such agreements are concluded.
However, in order to obtain the dollars to pay for a deficit
with the United States, Europe would have to raise her exports of goods and services above the amount required to
pay for imports from, and to repay loans to, countries other
than the United States. The ability to achieve and expand
an actual balance-of-payments surplus with the rest of the
world (excluding the United States) will be the test of Europe's ability to dispense with extraordinary economic aid
from the United States.
To the extent that Western Europe will not be able to
earn dollars through expanded exports to countries other than
the United States, the deficit of Western Europe with the
United States will in the long run have to decline as Governernment aid diminishes. Although United States imports
from that area can be expected to continue the rise which
started after the devaluations, most of the decline in the
deficit will result
from smaller purchases by Western Europe
13
in this country, continuing the trends which can be observed
since the postwar peak of the United States export surplus
with Europe in 1947. In the short run, however, the fact
that some countries were not using all their dollar receipts
for current expenditures makes it possible for them to sustain these expenditures for some time even if the dollar
receipts—from smaller aid or possibly smaller imports by the
United States—decline somewhat.
This applies particularly to the United Kingdom and the
rest of the sterling area, whose gold and dollar reserve at
the end of the first quarter 1950 was higher than at the end
of March 1949, before the crisis which culminated in th<>
devaluation had started.
Rather than increasing gold and dollar assets several
countries used a part of their current dollar receipts in the
first quarter to repay short-term dollar liabilities. Most
significant of these was Brazil, which used the increased
dollar receipts resulting from the higher prices for coffee to
repay more than half of its outstanding short-term debt to
the United States. Notable repayments on short-term advances were also made by Mexico and Chile. After this
reduction of short-term debts terminates and if their current
dollar receipts continue at the present rate, these countries
will have more dollar funds available for current expenditures.
The total value of United States exports and services may
thus temporarily rise again and, therefore, interrupt the decline which has continued since the third quarter of 1949.
Increase in imports may be temporary
While it thus appears that exports during the first quarter
of 1950 had declined somewhat below the trend in evidence
since 1947, and which is expected to continue until a new
equilibrium is reached, imports appear to have been slightly
increased by some temporary factors. Additions to stocks
of 10 major commodities, for which data are available and
imports of which were $766 million or 41 percent of total
imports, during the first quarter amounted to about $34
million or about 4.5 percent of their import value. This
compares to reductions in stocks of the same commodities by
$41 million or 5.7 percent of the import value of the same
commodities during the preceding quarter. Although a
part of the rise in stocks during the first quarter of 1950 was
seasonal, the current utilization of imported materials had
increased less than the imports themselves.
Another important factor raising the value of imports from
the last quarter of 1949 was the increase in the unit value of
coffee from an average of 31 cents to 40.6 cents per pound.
This increase accounted for $64 million or about half of the
total rise of imports from the fourth quarter of 1949 to the
first quarter of 1950. Although the recent rise in wholesale
prices of coffee was not yet fully reflected in first-quarter imports, so that average import unit values may still continue
to rise, wholesale prices apparently reached their peak in
January and consequently, with some lags, average import
unit values should be expected to decline again. A sustaining effect upon import values may derive, however, from
recent price rises for several other important commodities,
such as rubber, copper, tin, and cocoa, which were not yet
reflected in the first-quarter import data.
Most of the rise in the value of imports by nearly $400
million from the low point in the third quarter of 1949 can
be attributed to the general rise in business activity in the
United States, accompanied by a shift in inventory policies,
rising prices, and an increased need for primary and semiprocessed materials for consumption. The value of imports
from Western Europe, which rose about $40 million from
the third quarter of 1949, was still smaller than during the
first quarter of 1949. The devaluations, though undoubtedly
an important factor, do not appear to have been the primary
cause for the large rise in imports during recent months.
SURVEY OF CURRENT BUSINESS
14
June 1950
Table IB.—International Transactions
[Millions of
ERP dependencies
E R P countries
Other Europe
Item
I
II
III
IV
Year
I
1, 385
171
11
1,140
162
14
1,098
161
14
1,110
144
10
4, 733
638
49
186
17
2
60
12
61
16
63
12
60
18
244
58
2
1
39
22
28
5
28
38
30
5
125
70
15
Total
Imports of goods and services:
Merchandise, adjusted
Transportation
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
Government- _
1,700
1,426
1,414
1,377
5,917
223
279
69
11
293
81
31
293
96
56
347
85
21
1,212
331
119
188
6
6
42
59
41
55
41
57
41
74
165
245
(x)
47
1
41
1
48
57
1
193
3
(*)
(x)
(')
(')
(x)
Total
Balance on goods and services
Unilateral transfers (net) :
Private
Government
508
+ 1,192
543
+883
591
+823
626
2,268
+751 +3,649
203
+20
181
+46
178
+ 19
-98
-660
-86
-722
-76
-969
-91
-351
-800 -3,, 151
3
(x)
3
+1
-758
-808
Exports of goods and services:
Merchandise, adjusted
Transportation
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
Total
__ _
_ _
_ __ __
Balance on goods, services, and unilateral transfers (net
foreign investment)
United States capital (net) :
Private long-term. _
Private short-term
Government long-term
Government short-term
Foreign capital (net) :
Long-term
Short-term
Increase ( — ) or decrease (+) in gold stock
Transfers of funds between foreign areas [receipts from
other areas (— ), payments to other areas (+)] and errors
a n d omissions
__
_
__
-
II
III
191
16
2
Year
IV
153
14
3
174
13
2
704
60
9
2
2
9
1
24
1
20
73
2
227
197
211
161
6
5
165
5
5
180
4
5
(x)
3
(x)
14
1
(*)
3
I
8
1
(x)
W
3
2
(x)
Year
IV
37
5
2
98
6
1
(x)
III
42
5
2
45
5
1
222
21
6
1
2
1
3
8
1
5
1
1
2
8
(x)
1
1
1
858
108
47
57
56
268
694
21
21
57
3
1
48
3
2
49
4
3
46
2
1
200
12
7
1
5
1
16
(')
3
(x)
17
2
1
193
+18
2
W
3
(*)
(x)
(*)
(X)
2
II
(s)
(')
3
1
(*)
(*)
(*)
2
1
(')
(*)
62
-5
56
0
238
+30
16
-19
(*)
-78
+7
755
+ 103
64
+44
56
-9
10
+1
(x)
5
-24
+7
19
(x)
(*)
-1,045
-891
-3,502
-3
-2
2
2
-9
-17
-19
-16
-19
-71
+434
+75
-222
-140
+ 147
+17
+44
+17
+16
+94
+27
28
21
-19
-41
-28
-79
-455
+45
-22
+1
-33
-3
+5
-14
+8
-10
-17
+33
-489
-16
-62
-59
-969
+16
+2
-2
(')
-24
x
(x )
( )
+3
-34
+1
-12
-3
(')
-68
-4
(x)
+2
+5
-12
-23
(x)
-1
-8
7
-1
-6
+14
-8
+30
-8
(*)
-5
+4
-24
(')
-55
+79
-264
-108
-2
-403
-24
+8
-114
+2
+352
-152
-185
+437
-933
+2
7
+2
-1
19
+2
-4
+31
+3
-1
2
+3
-4
+3
+10
(')
(x)
+4
-1
23
+2
+1
-13
(*)
-33
-1
-69
+5
+323
+495
+363
+427 +1,608
-13
-5
-14
-1
-33
-1
+66
+26
+39
+130
R
Revised.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 1C.—International Transactions of the United
[Millions
ERP countries
ERP dependencies
Canada and Newfoundland
Other Europe
Latin American Republics
Item
I
Exports of goods and services:
Merchandise, adjusted
Transportation
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
_
Government
II
III
IV
1949
I
II
III IV 1949
4,272 210 199 181 158 748
63
585 21 19 13 10
2
1
3
50
3
9
I
1,231
159
11
1,238
181
14
897
138
14
906
107
11
55
16
55
18
57
15
56
18
2
3
223
3
67 ( x ) (')l (*}
33
23
32
5
38
38
26
7
129
73
Total
_
Imports of goods and services:
Merchandise, adjusted
Transportation
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
_
"
Government
1,528
1,543
324
93
19
245
114
53
208
102
81
249
84
24
43
70
42
72
42
55
43
59
170 (*) (x) («) ( x ) ( x ) (*)
4
12
256
3
1 4
3
73
1
50
1
48
1
66
1
237 ( x )
4 (x)
Total
Balance on goods and services _ _
Unilateral transfers (net) :
Private
Government
623
+905
577
+966
-78
-87
-1,069 -1,246
1,197 1.131
15
22
(x)
26
i 1
45
3
1
I
II
48 39 42 174
4
3 13
3
1 (') (x)
470
18
25
569 453
20 21
44 61
10
1
II
III IV 1949
2
1
10
2
2
3
1 ( x ) (x) ( x )
2
1
9
1
31
94 ( x )
1 3
1 (x)
1 4
1
1
9
79
III
782
71
26
689
64
34
622
67
36
41
2
23
6
24
6
26
7
24
6
97
25
131
4
389
12
III
IV
119 74
x
00 ( )
90
(x)
362
80
2
100
4
78
2
1949
612 2,705
60 262
24 120
5,399 250 246 227 203
926
54
57
49
50 210
603
763 620
586 2,572
990
921
838
861 3,610
1, 026 196 163 135 167
6
393
5
177 10
7
661
29
30
39
3
1
36
35
4
2
37 147
3 14
5
1
383
22
27
388 351
24 27
59 150
445 1, 567
25
98
39 275
674
54
50
612
49
40
579
46
51
638 2,503
48 197
41 182
1
1
1 (x)
(x) « ( x )
2
(x)
(x)
(x)
1
1 ( x ) (x)
2
2
4
1 (x)
(x) (x)
1
tt
1
11
4
3
4
4
5
3
4
4
17
14
5
9
5
10
5
10
4
12
19
41
2
(x)
14
2
10
2
8
1
13
2
45
2
1
2
«
2
1
3
(x)
9
2
537 526 2, 263 215 182 149 181 727 46 45 43 46 180 455 491 545 532 2,023 795 718 694 746 2,953
+660 +605 +3 ,136 +35 +64 +78 +22 +199 +8 +12 +6 +4 +30 +148 +272 +75 +54 +549 +195 +203 +144; +115 +657
-64 -90 -319
-982 -861 -4,158 (*)
Revised.
Preliminary.
* Includes Indonesia.
Source: U. S.
http://fraser.stlouisfed.org/ Department of Commerce, Office of Business Economics.
Federal Reserve Bank of St. Louis
p
II
438 1, 930
18
30 160
10 11
10
1 (') tt
2 —9 -10 — 17 -18 -21 -66
-1 -2
( x ) ( x ) ( x ) ( x f ( x ) (x) ( x ) —6 — 6
-3
-5
— 1 -3
_9
2 -2 -9 -10 -17 -18 97 -72
8 _2
-1,156 -1,324 -1,046 -951 -4,477 -4 -1
Total
Balance on goods, services, and unilateral transfers
-358
-386 -346 -1.341 +31 +63 +76 +20 +190 -2 -5 -12 -23 -42 +140 +270 +70
-251
(net foreign investment)
United States capital (net) :
9 +1
3
-9
37 +2 +3
20 -36 88
-35 +5 -10 -13 19
-12
+13 -27
Private long-term
-26 +29
+65
+79 +1 +1 ( x ) -1 +1 +16 -10 +6 —9 +3 -2 +7
Private short-term
+ 11
x
0 -13 -388 ( x ) ( x ) ( x ) -1 -1
0 -3 + 1 2
-96
-279
Government long-term
« (x f
+2 -142 -32 -170 ( x ) ( x ) « ( x ) ( x ) ( x ) ( x ) ( x ) (x) (x)
+2
Government short-term
(x) ( )
Foreign capital (net) :
1 (*) ( x )
+20
+8 +28
+78 (')
+1 ( x ) ( x ) ( x ) +1 -28 -3 +8
Long-term
9 +7 +5 10 +79
91 +50
48 +214
15
+33 -192
+7 +1 +10 +3 16
Short-term
Increase (— ) or decrease (+) in United States
-152 +39 -234 +3 +4 +5 +5 +17 -1 +1 +1 +5 +6 -5 -1 -2
-3 -118
gold stock
+477 +686 +733 +108 +2, 004 -41 -67 -71 +12 -167 -1 +20 +10 +20 +49 -164 -146 -36
Transfers of funds between foreign areas [receipts from other areas (— ), payments to other
areas (+)] and errors and omissions.
R
I
1949
IV
-10
-2 -10
-5
-3! -4
-8! -8|
—5 -20 -12 -11
12
-4 -16
-8 -31
12
47
+49 +529 +183 +192 +132 +103 +610
+63
81 133 138 -67 -118
9
-3 ( x )
+2 +73 +25
-1 -1 -13 — 6 -16 -4
( x ) (x) (x) (x)
(x)
(x)
-456
+91
-39
(x)
+8 +1
+4
+116 +212
+6 +94
9 -18 +87 +71 +131
-2 -10
-134 -480 -44 -198 -159 -152 -553
-14 -37
+42 +80
3
SUKVEY OF CUREENT BUSINESS
June 1950
15
R
of the United States by Area, 1948
dollars]
Latin American Republics
Canada and Newfoundland
I
II
433
15
21
497
18
31
489
20
37
12
12
2
68
(*)
16
(*)
54
2
tt
III
Year
I
II
519
16
24
1,938
69
113
862
83
24
840
106
28
681
74
30
12
1
52
3
21
6
20
4
104
317
2
114
2
136
4
IV
All other countries
Year
I
II
779
80
28
3,162
343
110
656
66
5
685
59
6
627
59
5
678
60
5
2,646
244
21
2
1
1
4
20
3
21
4
21
4
83
18
13
8
13
7
12
7
13
7
51
29
9
9
13
10
136
2
158
4
544
12
27
2
51
2
62
2
65
2
205
8
3
15
III
IV
III
Year
IV
I
549
618
676
2,494
1,112
1,138
948
1,074
4,272
777
823
774
830
3,204
339
21
24
370
21
54
427
25
147
476
22
42
1,612
89
267
721
55
49
681
52
39
607
48
46
635
56
37
2,644
211
171
377
16
4
333
16
4
374
15
4
372
16
3
1,456
63
15
4
2
5
4
5
3
4
4
18
13
5
13
5
10
5
9
5
9
20
41
1
71
1
91
1
128
1
58
4
348
1
7
1
7
1
23
1
13
1
50
4
11
1
2
2
1
2
3
3
9
4
1
462
+ 189
631
562
-13 +114
2,053
+441
3
2
(')
(*)
790
717
+ 348 +231
3
1
398
+151
3
(')
846
+266
746 3,099
448
471
+328 +1,173 +306 +375
527
+247
453 1,899
+377 +1,305
+3
-1
-1
-1
-4
-5
-5
-3
-48
-152
-38
-270
-42
-274
-3
-2
-5
-3
-6
-3
-8
-8
-2
-4
-5
-9
-8
-8
-9
+187
-17
+109
+432
+258
+340
+222
-193
-4
0
(*)
-11 +18 +24
+96 +101 +365
-1 +77
-2
-57 -258 -701
-60
-26
-15
+12
-74
-60
-3
+79
-23
+42
-7
-117
-12
-13
-8
+2
+53 +10
-81 -55
-246 -191
+7
+56
-28
-205
+2
+153
-59 -153
+4
+1
-90 +140
-25
+4
-50
(*;
-4
+86
+19
-183
+21
+82
+61
-203
+44
-13
+9
-26
-15
-137
24
-17
(*)
-52
-184
-41 -236
-16
3,390
367
83
41
119
27
119
29
266
27
79
15
21
3,622
359
64
8
33
III
Year
IV
3,090 3,325
321
337
91
70
13, 427
1,384
308
129
24
121
30
488
110
321
13
308
50
378
12
1,273
102
4,484
4,322
4,029
4,257
17,092
1,961
170
95
1,893
179
135
1,923
193
261
2,056
185
109
7,833
727
600
19
4
24
52
152
52
171
52
224
52
157
208
704
1
2
1
5
59
3
54
4
76
6
78
4
267
17
2
+13
8
+2
29
-8
5
+28
-180
-880
-33
-38
-3
-12
-2
-33
-5
-116
-316 -1,060
-33
-38
-15
-35
-121 -1,053 -1,077 -1,399 -1,284 -4,813
-20
-36
-23
-7
(')
-200
-308
+70
+175
-61
+61
+245
-274
-56
-38
+91
-14
+10
+9
+9
-44
-16
+6
+4
-42
-52
+12
+18
-9
+10
+93
-179
-779
+1
-45
-93
+53
-4
-17
-112
+8
-9
+94
-165
+204
(')
-152
+4
+35
-17
+312 +1, 132
22
9
4
7
II
Year
IV
10
I
7
III
II
91
(*)
651
-3
-1
All areas
International institutions
+2
-21
-22
-10
+56 +88
-139 -509
+63 +328
44 2,492 2,488 2,735 2,641 10,356
+35 +1,992 +1,834 +1,294 +1,616 +6,736
+5
-61
+7
+85
-652
-162 -144 -167
-915 -1,255 -1,117 -4, 161
-86
+939
+757
-105
+332 +1, 923
-7
i
-3
-120
-105
-534
+65
-224
-82
-127
+83
-255
+24
+154
-31
-162
+47
-492
-25
47
+7
-368 -164
-1 -348
+459 +314
-96
+13
-524
+200
-45
+201
-320
+377
-170
+18
+549
+499
-338 -1,530
+121 +1, 012
-7
-1
-3
-251
-1
+272
-179
-874
+2
-31
-20
+56
-25
+13
+46
-761
-116
-999
+92
States by Area, 1949,R and First Quarter, 1950 p
of dollars]
International institutions
All other countries
I
II
1949
IV
III
I
II
707
75
5
712
74
6
578
64
6
508
49
5
2,505
262
22
3
6
15
12
14
19
13
13
13
10
55
54
12
60
65
2
49
68
1 (*)
242
3
3
24
III
(')
5
15
III
IV
1949
4
3,448
353
70
3,455
367
102
2,770
318
120
2,664
251
71
12, 337
1,289
363
814
107
9
18
119
35
123
44
127
35
125
36
494
150
66
22
4
270
28
339
12
269
46
347
12
1,225
98
29
27
3
27
59
142
9
2
Total 1st
quarter
1950
398
17
28
599
63
25
433
36
3
5
2,424
240
67
2
11
1
24
6
13
10
18
136
39
76
75
2
53
1
4
252
32
(')
15
International
institutions
38
3
(')
2
(*)
All other
countries
«2
30
22
96
4,323
4,442
3,685
3,506
15, 956
1,074
170
45
531
794
549
27
3,190
3
12
15
30
1,960
191
111
1,761
209
165
1,593
195
296
1,830
173
116
7,144
768
688
260
101
21
200
3
9
46
2
1
403
25
25
718
53
53
339
8
4
2
1,968
192
113
24
2
28
52
138
53
159
53
141
52
138
210
576
45
55
(*)
(*)
2
4
4
5
10
1
50
2
55
127
1
2
2
91
7
66
5
61
7
86
6
304
25
58
1
(*)
0)
(*)
«
2
6
2
1
2
76
6
3
+21
4
+16
38
-8
19
+3
2,401
9,715
64
2,550
2,418
2,346
+32 +1,773 +2,024 +1,339 +1, 105 +6, 241
541
+533
-93
-995 ~~-24
-2
-36
-2
-138
-139
-112
-126
(*)
-24 "-20 -104 -1, 382 -1,557 -1, 291 -1,074
892
724
653
3,143
344
13
4
314
11
5
273
11
5
279
9
5
1,210
44
19
48
1
67
1
46
1
53
3
214
2
2
2
2
1
2
2
3
1
9
6
1
340
351 1,505
401
413
+461 +491 +384 +302 +1, 638
-30 -24 -21 -18
-277 -266 -275 -177
II
1949
20
874
(*)
14
ERP
Latin
ERP Other
coun- depend- Europe Canada American
tries encies*
Republics
I
7
IV
12
First Quarter, 1950
All areas
(*)
-515
-62
-826
14
2
(')
216
-46
51
-6
477
+54
841
-47
405
+144
6
+21
2,537
+653
-3
-11
(*)
-1
-2
-3
-7
-32
-149
-24
-112
-1,008
-1,120
(*)
-307 -290 -296 -195 -1,088
-24
-38
-24
-20 -106 -1,521 -1,683 -1,403 -1,212 -5,819
-888
-3
-11
-3
-10
-181
-24
+88 +107
+550
-3
-22
-32
-17
-74
+252
+341
-64
-107
+422
-355
-49
-17
+51
-57
-37
-3
-467
-222
+19
-295
+1
-239
+117
-106
+2
-192
+38
-34
-144
-147
-10
-35
-32
-800
+164
-470
—173
-28
+61
-22
-28
-5
-2
(*)
-9
+12
-81
+6
(x)
+1
-79
+85
-18
-40
-3
-14
+2
-5
-20
+1
-20
-11
-240
+159
-72
-27
+154 +201
2
-18
+1
-5 ~"—l
-46
-10
+2
-1
-47
-19
0
(*)
-28
+35
-9
-2
-47
-17
-12
(*)
-168
-11
-19
-3
0
-46
-2
-31
-6
-17
+3
-82
-176
-75
+69
+2 +157
-24 -169
+2 +86
-66 -190
-72
+127
+17
-243
+169
-178
+12
+213
+126
-81
+21
+164
(*)
+20
+6
-15
+80
-13
-2
-59
+1
+41
+27
-15
+133
+123
-64
+11
-49
-53
-46
-15
+24
+24
-135
-33
+10
+21
+12
+38
+16
+34
+23 +61
+63 +156
-69
+259
-169
+280
-91
+496
+165
-59
-164
+976
+131
+56
+3
+33
-3
+33
-1
-43
+35
+95
+23
+29
+15
-15
+203
+188
(*)
-6
(*)
SUKVEY OF CUERENT BUSINESS
16
June 1950
Table 2.—Gifts and Other Unilateral Transfers
[Millions of dollars]
1947
1946
1949
1948
1950
Item
I
III
IV
107
104
560
56
204
428
13
114
356
16
I
Total
II
III
IV
219
285
178
2
539
117
185 1,529
28
Government:
Payments:
Lend-lease
Civilian supplies for occupied countries
UNRRA
Post-UN RRA
Aid to China _
War damage payments and other transfers to
the Republic of the Philippines
Greek-Turkish aid programInterim Aid
European Recovery Program
International Refugee Organization
Korean Aid Program
Other transfers-
II
240
209
1
303
49
83
247 1,009
543
134
218
17
19
38
38
14
61
IV
387
366
440
255 1,448
56
21
1
6
78
11
91
301
15
132
81
99
49
384 2,454
599
568
575
3
38
107
81
21
30
128
32
15
23
24
63
18
24
27
804
740
526
18
12
5
29
Total receipts
III
91
74
12
20
36
12
15
Receipts:
Reverse lend-lease and lend-lease settlements
EC A counterpart funds
Other
II
33
23
94
195
204
21
45
88
47
568
12
36
18
15
15
Total payments
I
Total
32
37
33
288
38
508 2,250
59
917
4
213
10
11
90
33
35
41
46
47
1
89
II
III
IV
287
253
334
185 1,059
16
I
Total
109
84
168
2
49
43
12
5
2
109
51
130
75
348
3
546
626 1,398
23
89
53
52
44
43
59
41
47
35
203
171
40
34
906 1,119
18
17,
3
11
39
46
940
18
4
39
767 3,732
18
71
12
30
58
182
771
17
22
40
6
20
961 1,302
I
Total
41
133
1,164 4,344 1,409 1,576
22
25
27
22
134
47
183
27
1,117 4,161
1,382
4
12
11
16
3
1,447
1,127
5,559
51
2
4
230
21
53
151
5
1,049
255
41
47
Receipts
_
_
_
_
Net private payments
166
139
96
44
303
43
484
351 2,288
460
472
531
484 1,947
874
915 1,255
188
7
171
8
216
8
707
28
184
10
161
16
177
15
198
14
720
55
195
16
176
14
157
13
177
10
705
53
151
12
139
13
124
12
148
10
562
47
124
12
127
Payments
42
696
132
5
Private remittances:
44
757
Net Government payments
181
163
208
679
174
145
162
184
665
179
162
144
167
652
139
126
112
138
515
112
19
1,557
156
1,291
1,074 5,304
41
1,008
Source: U. S. Department of Commerce, Office of Business Economics.
Table 3.-—International Transactions of the United States
[Millions of dollars]
1948
1949
Year
I
II
Tf/vrrt
United
Kingdom
Exports of goods and services:
Merchandise, adjusted
Transportation. _
Travel
Miscellaneous services: .
Private
Government
Income on investments:
Private
G o vernmen t
__
50
2
1
16
1
74
5
United Other
ERP
King- coundom
tries
(x)
Dependencies
All
other
countries
Total
319
27
7
994
55
9
2,024
212
33
8
23
1
219
14
59
661
128
16
172
12
__ _
56
189
5
18
2
00
177
28
5
14
1
(«)
2
1
43
(x)
(x)
Dependencies
90
9
1
1
(x)
All
other
countries
Total
United
Kingdom
222
15
2
503
53
8
228
28
6
5
51
1
Other
ERP
countries
Dependencies
All
other
countries
Total
23
2
74
8
2
251
16
3
576
54
11
4
48
3
15
17
56
41
2
(x)
14
6
38
2
24
(x)
2
1
(x)
1
(x)
(x)
1,068
70
420
1,138
2,696
273
18
115
250
656
329
28
100
291
748
403
56
24
8
5
4
376
10
18
661
21
4
1,448
92
50
110
29
4
1
2
1
106
4
10
159
4
1
376
39
16
69
36
10
1
2
1
80
4
6
145
4
2
295
46
19
155
21
(x)
16
8
155
54
37
4
3
2
2
37
11
39
7
3
3
2
39
15
111
Total
Imports of goods and services:
Merchandise, adjusted
Transportation
___
Travel
Miscellaneous services:
Private
__ _ _ _ _ _
Government
Income on investments:
Private
Government
1
2
115
(x)
9
1
(x)
50
(x)
(x)
(x)
09
1
(x)
51
(x)
30
(x)
(x)
(x)
(x)
1
(x)
31
(x)
770
-
Total
Balance on goods and services and unilateral transfers (net
foreign investment)
_
United States capital (net) :
Government long-term
Government short-term
Private long-term
414
696
1,914
234
7
122
167
530
191
7
93
+36
+6
+442
+782
+39
+11
—7
+83
+126
+138
+21
+7
-40
-475
-11
—8
+1
—12
+3
—71
-471
-9
-203
—2
—2
-4
+1
00
—14
-205
—8
-305
—2
-2
515
Unilateral transfers (net) :
Private
Government
_ _-
34
+298
Total
Balance on goods and services
-11
—7
—9
—542
—212
—4
—4
+1
—219
—313
—4
—1
—3
321
-217
+25
-1
+433
+240
—173
+7
-11
+84
—93
—175
+17
+6
+134
—18
—498
+1
—114
+23
-H
—1
(*)
—2
—12
+4
—80
—2
r*>
—1
—29
+22
—9
+11
(t)
2
+14
—5
+12
—4
—39
+15
+190
(*)
+1
+1
—4
+20
—34
+12
— 108
—2
—67
-69
-162
+9
—4
+285
+410
—495
+1
—27
+1
Private short-term
Foreign capital (net) :
Tvnng-tfirm
Short-term
Other
ERP
countries
__
_
_
Increase (— ) or decrease (+) in gold stock
—2
(x)
(*)
+24
+228
-11
-740
(X)
Transfers of funds between foreign areas [receipts from
other areas (— ), payments to other areas (+)] and errors
Mid omissions _.„ _
„_._
_„„_
.
_ _ , _ , . +1,225
—12
Source: U. S. Department of Commerce, Office of Business Economics.
(*)
—58
—4
+56
-513
—70
—10
10
—12
(*)
(x)
+19
-30
—1
-1,257
+131 +1, 400
(x)
+276
+4
— 18
—1
(x)
—29
(x)
154
+137
—3
(x)
(x)
(x)
—9
(')
—1
+16
—15
(x)
(x)
445
+303
—14
—307
(*)
18
26
+14
+13
+10
+11
—83
-1
—1
-56
—219
—11
—73
+339
SUEVEY OF CURRENT BUSINESS
June 1950
requirements for interest and profit payments on American
investments abroad. During 1949 United States receipts on
this account amounted to over $1.3 billion. With increased
private investments and with interest on the $4.4 billion
loan to the United Kingdom starting in 1951, the combined
balance on service accounts and income on investments
should not be expected to change significantly in favor of
foreign countries.
Balance reached on ^invisible" account with the
United States
The foreign deficit on service transactions excluding income
on investments has steadily declined since 1947 and was
apparently eliminated during 1949. Most important in this
trend were declining net receipts by the United States for
transportation and rising net payments for travel. The
decline in net receipts on transportation is largely the result
of smaller exports, which reduce receipts from carrying freight
to foreign countries, and of somewhat larger imports, the
freight for which we have to pay to foreigners if the goods
are carried on foreign ships.
The restoration of foreign merchant fleets and the resulting
increase in the participation of foreign vessels in the carriage
of our trade and of our overseas tourists also strengthened
the tendency for our surplus on transportation to decline.
This trend can be expected to continue, thus reducing or
even reversing the remaining surplus on transportation
account of about $50 million in the first quarter. Tourist
expenditures are seasonally low during the first quarter but
on an adjusted basis show a steady rise since the end of the
war. As these expenditures appear to be still low in relation
to current incomes, they are likely to continue upwards for
several years as additional shipping facilities become available.
The improvement in foreign dollar receipts through service
transactions may be offset, however, by the greater dollar
With the Sterling Area 1948-49, and the First Quarter 1950
17
Increased foreign reserves desirable
Even if the merchandise, service, investment-income, and
private long-term capital transactions in the balance of payments of the United States with the rest of the world as a
whole were as close to a balance in the first quarter of 1950
as the data indicate, not only the continued large dollar
deficit of Western Europe and Japan at an annual rate of
about $2.5 billion, but also the need to replenish reserves
make continued Government aid as envisaged by the
Marshall Plan indispensable.
Gold and short-term dollar assets of all ERP countries
(except Switzerland) at the end of the first quarter amounted
to approximately $6 billion, over $600 million more than at the
end of September 1949. At the beginning of the European
Recovery Program these assets were $5.9 billion and at the
end of the war $8.7 billion. At the end of 1949 the gold and
dollar assets of the ERP countries (excluding Switzerland)
[Millions of dollars]
First Quarter 1950
1949— Continued
United
Kingdom
Other
ERP
countries
Dependencies
15
1
x
26
2
29
433
41
11
158
21
5
5
49
2
20
1
144
11
2
1
1
1
5
W
x
2
390
38
8
725
99
22
49
3
167
5
Dependencies
72
5
0)
322
29
6
4
1
7
3
Other
ERP
countries
Total
United
Kingdom
783
53
10
1,902
186
38
141
22
4
(*)
19
197
9
44
3
(*)
45
205
4
17
2
All
other
countries
(x)
76
Dependencies
14
1
All
other
countries
Total
58
4
1
137
9
2
350
36
7
2
5
54
13
7
37
2
3
3
(*)
24
104
175
545
1,106
87
438
910
2,541
233
18
78
160
489
73
24
• 4
2
2
1
82
3
5
145
3
1
302
32
11
320
120
35
4
8
5
326
14
27
557
14
6
1,207
156
73
65
29
4
2
2
1
115
2
9
154
3
1
336
36
15
40
10
40
6
4
2
40
15
156
22
12
8
156
51
43
5
4
4
30
(*)
35
(*)
36
(*)
144
(*)
4
148
(x)
32
(*)
119
194
592
242
2
2
58
3
6
108
3
2
234
39
27
2
1
2
1
68
5
1
Other
ERP
countries
57
16
(*)
Total
United
Kingdom
13
54
2
(x)
(*)
All
other
countries
28
9
(x)
Dependencies
84
4
17
(*)
Other
ERP
countries
41
1
19
(^
40
5
0)
166
11
3
(x)
()
262
68
31
17
Total
United
Kingdom
1
(•)
42
2
All
other
countries
90
7
2
1
162
22
6
Year
IV
III
()
(x)
3
x
(x)
()
(*)
1
(')
(»)
(*)
(*)
(x)
9
tt
(*)
(*)
(')
(*)
(*)
(')
C)
(x)
43
14
1
1
(')
33
(*)
6
68
116
380
182
9
93
152
436
797
29
376
589
1,791
178
9
130
160
477
+72
+ 11
+51
+78
+212
+60
+15
+11
+23
+ 109
+309
+58
+62
+321
+750
+55
+9
-52
0
+12
-6
-251
-2
-2
(«)
-10
-253
-9
-222
-2
-5
-2
(') '
-3
-16
-227
-32
-981
-8
-10
-9
(*)
-5
-1
-54
-992
-5
-194
-2
-2
-10
-196
-257
-3
-2
-1
-263
-231
-7
-2
-3
-243
-1,013
-18
-9
-6 -1,046
-199
-4
-2
«
2
-1
-1
-1
-206
-185
+8
+49
+77
-51
-171
+8
+9
+20
-134
-704
+40
+53
-296
-144
+5
-54
-1
-194
(*)
-2
(*)
-|_1
1
-24
-|-1
5
20
-32
—41
+19
15
-19
+20
• _13
(x)
(T)
/•x)
-16
—1
(x)
_j_l
-7
—4
+6
14
-42
+15
33
—34
-37
—20
+6
+10
+70
+30
+35
-1
+1
-2
+31
+33
+71
-54
—1
—48
—333
(*)
-20
-20
—446
-62
-12
+402
+101
190
+7
19
-6
— 42
+10
+49
(*}
(*)
13
-1
—284
+470
+6
(*)
+16
—3
50
0)
(x)
+6
(*)
+1 *
+7
(*)
+11
+125 +1,257
+315
-23
—2
+1
—2
-58
+1
97
—36
-118
-21
-6
-11
+14
—1
+34
+2
+10
+72
-14
+30
+91
-4
(x)
x
— 191
65
(x)
()
-4
+29
-57
-641
-78 +1,151
-1
+11
-2
-1
-5
-19
-15
-6
-18
-6
(*)
+3
«
-3
+30
+90
+2
-15
(x)
(«)
+80
-54
(')
—4
+78
+52
+ 32
+41
(')
SURVEY OF CURRENT BUSINESS
18
June 1950
ments for assistance have developed, such as military
assistance to countries in Europe and South East Asia and
economic and technical assistance for underdeveloped
countries that can only look to the United States for the
outside aid they require in raising their standard of living.
equalled not quite the value of their imports for 3 months, as
compared to over 9 months at the beginning of the war,
indicating the relatively slender reserve margin at which
these countries are still operating.
The increase in reserves not only provides a cushion against
fluctuating dollar receipts from exports and other sources
(thus stabilizing foreign purchases and providing an anticyclical factor for our own economy) but also constitutes an
essential condition for the relaxation of exchange restrictions
and for the reconstitution of multilateral trading. Thus, an
increase in reserves either for each country separately or for
the ERP countries as a whole, as envisaged by the creation
of the European Payments Union, and a further strengthening of the economies of Europe and Japan appear as an
essential object for continued Government aid to these
countries.
As the need for economic aid resulting from the devastations and dislocations of the last war declines, new require-
NOTE
The balance of payments data for the years 1946 to 1949 represent revisions of those
previously published in "The Balance of International Payments of the United States, 194648." Official data for earlier years are summarized in that bulletin.
The principal revisions were made in the transportation and the Government miscellaneous
services account. The new data on ocean freight receipts in the transportation account are
based on questionnaires which were used for the first time in the last half of 1949, the estimates
for the earlier period are based on data collected by the Maritime Commission. The revisions
of the estimates of payments on ocean freight are mainly due to a new appraisal of the structure
of freight rates applying to imports to the United States on foreign vessels.
The changes in Government service expenditures are due to shifting of "sales" by the armed
forces from merchandise receipts to service payments, where the amounts of such sales are
deducted from personnel expenditures by armed forces in foreign countries. This shift was
made on the new assumption that most of these sales are made to American personnel, and
that to the extent to which the pay of personnel is used for purchases from Army establishments, the transactions are domestic and not part of the balance of international payments
of the United States.
Revisions in the estimates of the movement of private United States capital, interest on
private investments abroad, and other accounts are based on more complete information
than was previously available.
Table 4.—Exports of Goods and Services and Means of Financing
[Millions of dollars]
1946
1947
Item
II
I
Exports of goods and services—
Means of Financing
Foreign sources:
United States imports of goods and services
Liquidation of gold and dollar assets
III
Total
IV
I
II
I
II
III
I
Total
IV
II
1950
III
Total
IV
I
1,677 1,651 1,764 1,871 6,963 1,988 2,103 1,986 2,212 8,289 2,492 2,488 2,735 2,641 10, 356 2,550 2,418 2,346 2,401 9,715 2,537
309
800 1,932 1,192 1,186
318
505
798 1,286 4,462
146 -220
-8
372
325
529
780
86 -448
2 -471
56
92
U. S. Government:
Grants and other unilateral transfers (net)
Long- and short-term loans (net)
147
140
462
300
259
68
133
101
6
20
22
56
42
-1
757
397
696
484
719 1,058
351 2,288
515 2,689
472
460
531
856 1,539 1,200
484 1,947
300 3,895
874
469
915 1,255 1,117
44
123
517
127
United States private sources:
Remittances (net)
Long- and short-term capital excluding purchases of obligations issued or guaranteed by
the International Bank (net)
_
Total
IV
3,338 3,897 3,784 3,722 14,741 4,800 5,268 4,830 4,898 19,796 4,484 4,322 4,029 4,257 17,092 4,323 4,442 3.685 3,506 15,956 3,190
Dollar disbursements (net) byInternational Monetary Fund
International Bank
Errors and omissions
III
1949
1948
181
208
679
174
184
665
179
162
72
369
157
756
163
110
119
68
-48
+26
-62
-95 -179
145
282
-152
197
-522
162
120
-254
-52 -980
225
-314
306
-200
144
17
8
47
11
11
99
38
-12
22
4,161 1,382 1,557 1,291 1,074 5,304 1,008
104
907 . 294
67
178
643
99
167
652
139
115
1223
-377
32
8
203
176
!869
185
-121 -1,012 -259
126
112
-496
515
157
154
120
-280
138
616
+59 -976
112
83
-188
i Excluding $7 million of long-term and $1 million short-term notes guaranteed by the International Bank.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 5.—Movements of United States Long-Term Capital
(Millions of dollars]
1947
1946
I
Government:
Outflow:
British loan
Credits on sale of surplus property and surplus vessels
Export-Import Bank
European Recovery Program
Lend-lease credits
Subscriptions to:
International Bank___
International Monetary Fund
Other
Total outflow
Inflow (repayments):
Export-Import Bank loans
Other loans
Total inflow
Net outflow of Government long-term
capital
Private:
Outflow:
Net purchases of obligations issued, or guaranteed by the International Bank
Direct investments
Other
II
61
137
328
335
283
163
III
IV
Total
200
600
500
950 1,300
100 2,850
300
326
230
72
243
787
945
96
281
59
249
65
206
137
170
40
145
75
26
547
1
1
80
159
5
33
317
2, 745
161
9
413 7,143
159
31
1949
1948
400
2
483 1,016 1,111
159
318
5 2,745
51
146
II
I
I
III
53
61
IV
158
57
11
738 3,348 3,832 1,473 1,425
42
Total
273
797
III
II
IV
Total
I
II
III
1950
IV
Total
I
300
11
70
1
4
69
475
192
454
476
2
16
50
281
1
3
4
2
18
617
189
86
8
42
98
1
35
16
2
11
12
22
14
59
15
550 1,442
359
161
75
80
675
121
36
30
24
163
425
4
51
54
1
8
11
4
24
9
7
16
28
58
23
36
7
61
19
78
23
47
72
222
32
51
12
50
164
76
13
45
221
222
42
22
21
34
26
15
11
34
100
105
30
19
19
28
16
23
86
59
68
97
70
294
83
62
240
58
443
64
55
41
45
205
49
343 6 849
534
127
154
492
999
295
106
34
35
470
72
7
392 1,334
15
285
18
350
9
2
423
7
287
112
357
37
20
1 417
165
a 164
464
988 1,095
715 3,262 3,773 1 405 1 328
154
160
169
96
229
35
249
44
801
335
210
134
256
65
243
216
31
259
14
243
941
244
256
29
328
80
7
358
161
Total outflow
Inflow:
Direct investments
Other
314
265
2'64
293 1,136
344
321
490
273 1,428
285
408
526
407 1,626
377
432
399
394
1 602
80
163
92
135
211
89
235
72
618
459
48
141
73
133
47
75
49
52
217
•401
123
42
134
50
228
43
204
41
689
176
126
29
141
52
168
39
148
99
583
219
Total inflow
243
227
300
307 1,077
189
206
122
101
618
165
184
271
245
865
155
193
207
247
802
73
73
155
115
368
172
810
120
224
255
162
761
222
239
192
147
800
240
Net outflow of private long- term capital —
38 -36 -14
71
* Preliminary estimate for net outflow of direct investments.
Source: U. S. Department of Commerce, Office of Business Economics.
59
2
151
313
a
By Lawrence Bridge and Lois E. Holmes
Sales and Investment Trends of
New Manufacturing Firms
Total sales of all manufacturing concerns starting
productive operations in the 1946-48 period amounted
to almost $15 billion during these years, or an average of
$5 billion per year. By the end of 1948, these firms
which survived accounted for 4 percent of the sales,
and almost 30 percent of the number, of all manufacturing companies.
It has been reported previously that the initial investment in new plant and equipment and in inventories by
new manufacturers in the 1946-48 period amounted
to about $800 million and $300 million, respectively.
Allowing for the subsequent outlays of these firms
during this period, their total investment in new plant
and equipment amounted to over $1.1 billion, or about
40 percent more than their initial fixed capital outlays.
The subsequent growth of inventories among surviving
new firms, however, was fully offset by the disinvestment of those new firms which suspended operations
during the 1946-48 period.
_L HIS is the fourth in a series of articles analyzing the
sources and uses of initial investment funds for new firms in
the postwar period and their operating experience in their
early formative years. Previous articles in the SURVEY OF
CURRENT BUSINESS, have described the sales and inventory
trends of new retail and wholesale trade firms and the initial
capital requirements of these and new manufacturing
1
firms.
The present article describes the sales growth and investment trends of manufacturing firms starting operations in
the 3 years 1946 through 1948 and compares their experience
with that of existing manufacturers and new trade concerns.
The universe estimates presented below cover all manufacturing concerns entering the business population during
this period although the sample results apply only to surviving new firms with one or more paid employees.2
discontinuance rate in the following 2 years, the sales con"
tribution of new concerns in their first calendar year of
operations fell to well under 1 percent in 1947 and 1948.
It should be noted that since new firms come into existence
throughout the calendar year, their annual rates of sales at
the end of each year were approximately double the indicated
percentages.
There are several basic differences between the average new
and established manufacturing firm that should be considered
in any evaluation of their respective operating experiences.
The major difference arises out of the typically small investment of new firms, so that even the largest new firms in the
1946-48 period would be considered small by most standards.
Due to the high investment requirements, newly organized
concerns do not generally enter in such fields as primary
metals, rubber, oil refining, tobacco, heavy machinery, and
transportation equipment. While new firms are found in
every broad manufacturing group, they are largely concentrated in the lumber and apparel fields, and to a lesser extent, in small metal-working and printing shops.
While new manufacturing firms do not loom very large in
the over-all picture, their sales are quite significant in those
areas open to smaller-scale operations. They were most important in the lumber industry, where firms newly organized
in 1946 accounted for about 10 percent of the industry's
1946 sales. The corresponding percentage in apparel was
somewhat over 3 percent.
As can be seen in chart 1 and table 1, sales of all manufacChart 1.—New and All Manufacturing Firms: Percentage
Increase in Sales, 1946 to 1947 and 1947 to 1948 1
PERCENT
40
30
20
Aggregate sales of new manufacturers
Based on the survey results and making due allowance for
mortality among new firms, it is estimated that all entrants
into the manufacturing field in 1946 accounted for slightly
over 1 percent of all manufacturers' sales during that year.
As a result of the declining business birth rate and increasing
NOTE.—MR. BRIDGE AND MISS HOLMES ARE MEMBERS OF THE BUSINESS STRUCTURE DIVISION, OFFICE OF BUSINESS ECONOMICS.
1
"Sales and Inventory Trends of New Trade Firms," April 1949; "Capital Requirements
of New Trade Firms," December 1948; and "Capital Requirements of New Manufacturing
Firms," April 1950.
2
A detailed description of the sampling and estimating procedures appeared in the technical
notes to the initial capital requirements study in the April 1950 SURVEY OF CURRENT BUSINESS.
10
» i /" o i
o - o" o;
^ o -yo;
o' o ' >;
•^o^o;
• ° or/1 >
O o Oo
O.sO >
NEW
ALL
1946 TO 1947
NEW
ALL
1947 TO 1948
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
1
New firms are those which started operations in 1946 and 1947 and exclude firms without
employees; percentages for new firms are based on medians weighted by sales in each industry.
Source of data: U. S. Department of Commerce, Office of Business Economics.
19
SURVEY OF CURRENT BUSINESS
20
turing firms increased more relatively than did those of new
firms in the 1946-47 period. A special factor in this period
was the reconversion of a large number of existing firms to
peacetime production in 1946. This factor, superimposed
on the other economic characteristics of the period, was
reflected in very sizable sales and inventory increases from
1946 to 1947 in manufacturing as a whole.
Table 1.—-New and All Manufacturing Firms: Percentage Change in
Sales and Inventories, 1946 to 1947 and 1947 to 1948, by Industry *
s» es
Industry
In ven tories
1946 t o 1947 1947 t o 1948 1946 t o 1947 1947 to H!48
New All New All
firms firms firms firms
All industries
27
Food and kindred products
Textile-mill products
Apparel and related products
Lumber and timber basic products
Furniture and finished lumber
products
17
38
16
Stone, clay, and glass products
Metals and metal fabricating 2
Maohinerv
Transportation equipment
All other
33
34
20
6
95
30
43
58
24
43
44
60
°8
59
12
All
firms
33
17
11
8
20
8
14
3
11
11
0
25
20
19
16
8
0
-16
8 i
5
16
19
18
26
53
28
New All New
firms firms firms
29
43
45
0
30
35
33
18
22
13
16
11
23
12
20
12
10
—8
~
31
IS
23
2!
21
18 !
17
11 |
33 '
33 :
0 !
19
17
11
11
o ;
17
1 New firms are those which started operations in 1946 and 1947; percentages for new firms
are medians and exclude firms without employees. The all-industry totals for new firms
are based on medians weighted by total 1946 safes in each industry. Changes in inventories
are based on end-of-year data.
2 Excludes machinery and transportation equipment.
Source: U. S. Department of Commerce, Office of Business Economies.
While data are not available on the sales of existing firms
of size directly comparable with new firms, there is no significant difference dining this period in the relative sales increases of new firms and existing firms of medium and small
size.3 In view of the direct relationship among established
firms between asset-size and the increase in sales from 1946
to 1947, it is highly likely that new manufacturing firms grew
relatively faster from 1946 to 1947 than did established firms
of comparable size. This conclusion is further supported by
the considerably more rapid sales growth of new manufacturers (relative to all manufactures) from 1947 to 1948 and
by the more favorable sales experiences of new as against
established wholesale and retail trade firms in the 1945-47
period. The more rapid growth of new firms reflects their
greater initial unused resources and untapped market relative to established manufacturers.
When examined by year of entry (table 2), it is found that
sales growth is most marked in the first full year of operations. From 1947 to 1948, sales of manufacturing firms
starting operations in 1947 increased by 36 percent, those of
1946 entrants by 24 percent, and all manufacturing firms by
11 percent.4 The more favorable showing of the 1947
entrants was evident in every industry except transportation
equipment.
The 3-year period covered by this study does riot permit
the estimation of a complete or definitive growth curve of
newly established organizations. The results indicate, however,' that surviving new concerns in their first few years of
operations grew at a considerably faster rate than did
already established companies during the same period—
although the differential in growth was rapidly disappearing
by the end of the third year.
3 In the available data, the assets-size classification of these medium and small companies
varied according to industry. In general, they had assets under $10 million. The average
initial investment of new manufacturing firms in the 1940.-48 period was $12,000, SUEVEY
OF CURRENT BUSINESS, April 1950.
4 It may be noted that, as a result of the lag of sales behind production, the first year s sales
growth is^ somewhat larger than it would otherwise be
June 1950
The gradual elimination of war-deferred backlog demand
and the slowing down of inflationary pressures had a retarding effect on the sales of both new and all firms during the
1947-48 period. Among new firms, however, there was a
less noticeable slackening in total sales in 1948.
Sales growth and firm size
It was indicated above that sales increases for all manufacturing firms in both 1947 and 1948 were larger among large
concerns than among the smaller establishments. The less
favorable experience of the smaller established firms in 1948
was to some extent due to their lesser concentration in the
heavy-goods fields and to the differential cyclical effects as
aggregate output approaches its peak.
Among new manufacturing firms, however, sales gains
were inversely related to the sales-size of firm in both periods.
The larger proportionate sales increase of the smaller new
concerns may reflect a greater sales potential relative to their
initial scale of operations. Except for the poorer showing
of the smaller lumber concerns in 1947, these size relationships
were evident in every major industry in both years (chart 2
and table 3). When the sample data are examined in terms
of investment-size and legal status (see table 4), the firms
with the smaller initial investment and the noncorporate
group are generally found to have the greatest sales growth.
The latter result primarily reflects the lower average size of
unincorporated firms.
Chart 2.—New Manufacturing Firms: Percentage Increase in Sales, 1946 to 1947 and 1947 to 1948, by Sales
Size l
PERCENT
50
40
30
20
10
SMALL
LARGE
1946 TO 1947
SMALL
LARGE
1947 TO 1948
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
5O-I9O
i New firms are those which started operations in 1946 and 1947 and exclude firms without
employees; peicentages are based on medians weighted by sales in each industry. Small
firms are those with sales under $100,000 and large firms are those with sales $100,000 and
over, classified according to sales in the earlier year of comparison
Source of data: U. S. Department of Commerce, Office of Business Economics.
Inventory trends
The inventory holdings of new manufacturing firms did not
rise relatively as much as did those of all firms between
either the end of 1946 and 1947 or the end of 1947 and 1948.
It is difficult to pin down the factors that result in these
trends—although there are several possible answers. Among
SURVEY OF CURRENT BUSINESS
June 1 5
9 0
these may be a conservative buying policy dictated by the
high price level and the lesser ability of new firms to withstand large inventory losses, while the availability of funds
to finance sizable inventory accumulation may also have been
a limiting factor.
As a result of these divergent trends in sales and inventories
among new firms, their stock-sales ratios declined steadily
from 1946 to 1948 (see table 5). A similar decline occurred
among all manufacturing concerns from 1946 to 1947, but
was reversed during 1948 with the considerable easing in the
supply situation. However, as can be seen in chart 3, the
stock-sales ratio of all small existing companies declined
from 1947 to 1948—a behavior more characteristic of new
firms than of large established concerns.
21
Chart 3.—New, All, and All Small Manufacturing Firms:
Stock-Sales Ratios, 1947 and 1948 l
RAT 10
2.0
1.5
-
-
; v i - o:
1,0
• O
•O
'
;
1o - o
i - OJjj • •> ' '
^^
jj
5
Table 2.—New Manufacturing Firms: Percentage Change in Sales,
Inventories, and Plant and Equipment Account, 1947 to 1948, by
Industry and Year of Entry l
Inventories
Sales
Industry
Year of
entry
Year of
entry
! -
.5
Plant and
equipment
account
il
l
%H%
-
HP
0
NEW
O -
;,V
ft
i - O^
ALL
^^p
x 1 - 0
"
p
ALL
NEW
ALL
SMALL
Year of
entry
1947
Metals and metal fabricating
Machinery
Transportation equipment
All other
1946
36
11
9
12
15
54
14
35
70
30
0
-15
12
28
18
8
-47
0
66
12
5
13
12
16
5
8
12
12
22
27
33
32
22
22
2
1947
29
12
14
19
29
Food and kindred products
Textile-mill products
Apparel and related products
Lumber and timber basic products
Furniture and finished lumber products
1946
24
AH industries
1947
45
69
-15
24
56
33
0
0
12
48
60
0
24
15
6
11
15
24
32
11
ALL
SMALL
1948
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
1946
-
""sX
^ o^
• o^ o
o-o
^> ^u:
• o o
O;
SO -191
1947
1
Data are medians and exclude firms without employees. The all-industry totals are
based on medians weighted by total 1946 sales in each industry. Changes in inventories and
plant and equipment account are based on end-of-year data.
2
Excludes machinery and transportation equipment.
Source: U. S. Department of Commerce, Office of Business Economics.
In each year, the stock-sales ratios of new firms were considerably lower than those of all manufacturing companies—
with the latter maintaining more than half again as much inventory relative to sales as did the former group. This differential tends to disappear if comparison is made with small
established firms. In 1947, for example, the inventories of
all manufacturing firms were equal to 1.8 months of sales while
1
New firms arc those which started operations in the 1946-48 period and exclude firms
without employees; ratios are based on medians weighted by sales in each industry. Small
firms are all corporations with assets of less than $250,000. Ratios are derived from yearend inventories and average monthly sales.
Sources of data: U. S. Department of Commerce, Office of Business Economics, Federal
Trade Commission, and Securities and Exchange Commission.
manufacturing corporations with assets of less than $250,000
held inventories at 1.2 months. The stock-sales ratios of
both new firms and all manufacturing partnerships (proprietorship data are not available) in the same period were just
about equal to one month's sales.
Inventory turnover by size of firm
When new firms are classified by investment-size, it is again
found that the stock-sales ratio varies directly with size.
However, when classified by sales-size this is no longer true—
and the smaller new companies are found to hold a greater
volume of inventories relative to sales than do the larger
new concerns (see table 6). While data to test this finding
among existing manufacturers are not available, it was also
noted among both new and existing trade firms.
Table 3.—New and Established Manufacturing Firms: Percentage Change in Sales and Inventories, 1946 to 1947 and 1947 to 1948, by Industry
and Size of Firm l
Sales
Inventories
1946 to 1947
Industry
New firms
Established firms
Small
All industries
Food and kindred products
Textile-mill products
Apparel and related products___
Lumber and timber basic products 2
Furniture and finished lumber
products
Metals and metal fabricating 3 _ _
Machinery
Transportation equipment
All other
1947 to 1948
Large
New firms
194
1946 to 1947
Established firms
Medium
and small
Large
Small
Large
Medium
and small
Large
New firms
Small
Established firms
Large
Medium
and small
Large
New firms
Small
Large
46
17
28
36
36
20
9
16
4
14
20
19
8
14
48
70
21
9
38
3
33
16
6
34
22
19
54
29
23
15
2
12
5
8
14
1
16
13
0
0
0
29
25
25
21
14
5
15
15
31
0
0
0
6
-20
12
7
63
58
58
33
14
21
21
0
38
38
38
0
9
30
2
(4)
10
30
21
37
54
21
35
42
49
58
30
29
45
34
26
24
30
26
33
15
23
5
31
7
26
5
14
24
17
21
17
0
0
40
(4)
0
20
12
-9
(4)
20
36
19
18
24
22
30
14
23
16
19
0
33
33
0
0
23
54
32
13
5
Large
69
32
72
46
(4)
30
Medium
and small
17
1
17
15
11
15
23
22
16
10
10
7
11
17
12
12
22
1 New firms are those which started operations in 1946 and 1947. Data for new firms are medians and exclude firms without employees. The all-industry totals for new firms are based on
medians weighted by total 1946 sales in each industry. Small new firms are those with sales under $100,000 classified according to sales in the earlier year of comparison. The asset-size classification of established firms varies according to industry. In general, the medium and small companies are those with assets under $10 million. Changes in inventories are based on end-ofyear2 data.
Percentages for established firms are for whole industry as data by size are not available.
3
Excludes machinery and transportation equipment.
* Insufficient sample.
Source: U. S. Department of Commerce, Office of Business Economics.
SUKVEY OF CUERENT BUSINESS
22
The opposite results yielded for the ratio of inventories to
sales by the sales-size and investment or asset-size classifications are due to the positive correlation of sales-size
with the denominator in the former case and of investmentsize with the numerator in the latter. When the stock-sales
ratios are classified by employee-size—a variable which does
not enter into the ratios—it is found that there is some tendency for the stock-sales ratios among new manufacturers to
be directly related to size,
Plant and Equipment Growth
The gross plant and equipment account (i. e., before depreciation allowances)5 of concerns starting production in
1946 increased almost one-fourth from year-end 1946 to 1947
and about one-eighth in the following year. While similar
data are not available for all manufacturing companies, the
net property accounts of all manufacturing corporations
according to data from the Federal Trade Commission and
the Securities and Exchange Commission increased about 19
and 20 percent, respectively, during these periods. It
should be noted, however, that these figures overstate the
growth of established firms due to: (1) the considerably
higher prices paid for replacement and expansion of facilities
in the postwar period relative to the average of prices at
which existing facilities had been purchased; and (2) the
comparison of current additions with greatly depreciated
book values. Utilizing Bureau of Internal Revenue data,
and adding back all reserves for depreciation—a not entirely
valid procedure—it is found that the gross capital assets
(excluding land) of all manufacturing corporations increased
13 percent from 1946 to 1947 as compared to a 21 percent
increase in net capital assets.6 While this information is not
yet available for 1948, external data indicate that gross
capital assets increased slightly over 12 percent during this
year.
Table 4.—New Manufacturing Firms: Percentage Change in Sales
and Plant and Equipment Account, 1947 to 1948, by Investment
Size and Legal Status 1
Plant and
equipment
account
Sales
Investment size:
Under $20,000___.
$20,000 and over_Legal status:
Noncorporate _
Corporate
15
12
33 |
20 j
14
12
1
New firms are those which started operations in 1946 and 1947 and exclude firms without
employees; percentages are based on medians weighted by total 1946 sales in each industry.
Changes in plant and equipment account are based on eiid-of-year data.
Source: U. S. Department of Commerce, Office of Business Economics.
June 1950
Table 5.—New and All Manufacturing Firms: Stock-Sales Ratios,
1946, 1947, and 1948, by Industry *
19 46
19 47
19 48
Industry
New
firms
All industries
All
firms
New
firms
All
firms
New
firms
All
firms
1.21
Stone, clay, and glass products
Metals and metal fabricating 2
Machinery
Transportation equipment
All other
1.94
1.16
1.75
0 97
1 80
98
1 42
92
1.00
1 31
1 99
1 31
1.42
1 33
1 52
68
1.13
1 16
1 92
1 33
1.21
80
91
58
1.01
1 20
2 02
1 43
1.49
1.13
1.76
1 22
1 78
1 19
1 93
1.14
.74
1 ?0
3
()
1 50
Food and kindred products
Textile-mill products
Apparel and related products
Lumber and timber basic products.
Furniture and finished lumber
products
1.51
2. 1C
3 17
2 89
1 93
.82
96
1 20
1 02
1 20
1.54
1 73
9 70
2 18
1 82
.97
90
1 60
1*20
94
1.62
1 74
2 70
1 98
1 90
1
New firms are those which started operations in the 1946-48 period. Ratios are derived
from year-end inventories and average monthly sales. Ratios for new firms are medians
and exclude firms without employees. The all-industry totals for new firms are based on
medians weighted by total 1946 sales in each industry.
2
Excludes machinery and transportation equipment.
3
Insufficient sample.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 6.—New and Established Manufacturing Firms: Stock-Sales
Ratios, 1947 and 1948, by Industry and Size of Firm l
1947
New firms
1948
Established
firms
Newfirms|
Est
^f ed
ludustrv
Small Large
Medium
and
small
Large Small Large
Medium
and
small
Large
1.32
1.03
1.49
2.03
1.22
0.92
1.51
2 05
Food and kindred products
Textile-mill products
Apparel and related products- _
Lumber and timber basic
products
Furniture and finished lumber products
1.63
2.02
.46
1.18
1.20
.76
1.00
2.10
1.21
1.50
1.72
1.66
1.48
.96
.90
.55
.61
.94
.60
1.64
1. 72
1.80
1. 18
.96
. /1
1.46
1.24
1.10
.92
1.76
1.09
1.30
1.48
2.38
1.12
1.25
1.70
2.32
Metals and metal fabricating 2..
Machinery
Transportation equipment
All other
1.33
1.32
1.00
1. 14
.78
1.12
1.04
1.03
1.74
2. 12
2. 18
1.54
1.96
3.48
2.20
1.98
1.12
1.72
1.07
1.14
.84
1.45
1.09
1.54
2. 18
1.90
1.57
1.85
3.32
2.04
2.05
All industries
2.27
1.22
.90
1
New firms are those which started operations in the 1946-48 period. Ratios are derived
from year-end inventories and average monthly sales. Ratios for new firms are medians
and exclude firms without employees. The all-industry totals for new firms are based on
medians weighted by total 1946 sales in each industry. Small new firms are those with sales
under $100,000. The asset-size classification of established firms varies according to industry.
In2 general, the medium and small companies are those with assets under $10 million.
Excludes machinery and transportation equipment.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 7.—New Manufacturing Firms: Percentage Change in Plant
and Equipment Account, 1946 to 1947 and 1947 to 1948, by Industry and Sales Size 1
1947 to 1948
1946 to 1947
Industry
Thus, the gross plant and equipment account of new
concerns increased considerably more percentagewise then
that of all manufacturers in 1947—and increased about the
same amount in 1948. When comparison is made with
changes in the net property account of all manufacturing
corporations with assets of less than $250,000, the larger
growth in capital assets of new firms becomes more apparent.
Relative to their respective holdings at the beginning of the
period, additions of capital goods by new companies were
three times the acquisitions of small established corporations
in 1947 and twice such acquisitions in 1948.
In terms of the availability of funds for financing the
subsequent investment of new firms, this result seems at
B
This differs from the usual gross property account in that it includes plant and equipment
items only and excludes land, depletable resources and intangible fixed assets.
6
As noted above, the increase in net capital assets during 1947 of all manufacturing corporations in the slightly different FTC-SEC universe was 19 percent.
All
Small
Large
All
Small
Large
24
24
30
12
12
14
Food and kindred products
Textile-mill products
Apparel and related products
Lumber and timber basic products _
Furniture and finished lumber products
22
13
11
27
49
21
G
11
21
9
24
26
6
11
12
17
7
25
13
32
2
12
12
16
15
20
Stone, clay, and glass products
Metals and metal fabricating s
Machinerv
Transportation equipment
\11 other
26
(2)
26
38
23
:?
32
27
()
.5
8
18
18
9
11
All industries
17
18
()
11
25
17
(2)
2
4
(2)
24
8
6
11
24
(2)
41
12
12
1 New firms are those which started operations in 1946 and 1947. Data are medians and
exclude firms without employees. The all-industry totals are based on medians weighted
by total 1946 sales in each industry. Changes are based on end-of-year data. Small firms
are those with sales under $100,000 classified according to sales in the earler year of comparison.
2
Insufficient sample.
3
Excludes machinery and transportation equipment.
Source: V. S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUREENT BUSINESS
June 1 5
90
variance with the possibility noted above that capital supply
may have been a limiting factor in inventory growth. A
partial answer may be in the greater availability to new
Chart 4.—New and All Small Manufacturing Firms:
Percentage Increase in Property Account, 1946 to 1947
and 1947 to 1948, by Year of Entry 1
PERCENT
30
20
10
ALL
SMALL
NEW
(1946 ENTRANTS)
NEW
NEW
(1947 ENTRANTS)
1946 TO 1947
ALL
(1946 ENTRANTS)
SMALL
1947 TO 1948
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
50-193
1
New firms are those which started operations in 1946 or 1947 and exclude firms without
employees; percentages are based on median changes in end-of-year plant and equipment
account weighted by sales in each industry. Data for all small firms are based on change in
net property account of all corporations with assets of less than $250,000.
Sources of data: U. S. Department of Commerce, Office of Business Economics, Federal
Trade Commission, and Securities and Exchange Commission.
23
firms of both bank and supplier credit in the case of fixed
assets.
Other investment characteristics of new firms
The survey results also indicated that investment in capital
goods subsequent to the initial investment is relatively
greater in the first year of operations than in the second year.
As can be seen in chart 4, the percentage increase in the plant
and equipment account during 1948 was larger among manufacturing firms starting operations in 1947 than among concerns entering in the previous year—and both groups of
newly organized companies grew proportionately more than
did all existing small corporations. The larger capital goods
investment rate in the first year of operations was in correspondence with the greater sales growth noted above—
although the survey results for inventory growth was inconclusive by year of entry.
Limitations of the Survey
The survey results are based on reports of about 1,100 manufacturing firms entering the
business population during the 3 years 1946 through 1948. These firms submitted data on
their annual sales, end of year inventory and plant and equipment accounts and their sources
and uses of initial investment funds. Only 750 of these returns could be used in this growth
study.
The major limitation of the data arises from the inadequate representation of firms suspending operations during the survey period and the exclusion of firms with no paid employees. The latter group was out of scope of the survey while the number of returns from discontinued firms was not sufficient for adequate measurement. As noted above, however,
allowance was made for both types of firms in the universe estimates.
In the case of firms operating less than 12 but more than 6 months during their first calendar
year in business, their first year's sales were imputed on a straight pro-rata basis. Data for
less than a 6-month period were not utilized.
This imputation was necessary for less than one-half of the firms in the sample since the
other concerns either entered business early in January or reported for the fiscal year starting
on their first day of operations. In the latter case, the data were allocated to the calendar
year which included most of the months in the fiscal year. Tests made to determine the
effect of utilizing partial year data on the survey results did not show any significant distortion
although they did indicate that the sales growth in the first year of operations relative to the
second year was somewhat larger for the firms for which sales had to be imputed for part of
the year than for other firms.
It'should also be noted—especially when the results are presented by industries—that there
was a considerable variability in the sales and investment experience of the firms in the sample
so that the medians shown are subject to substantial sampling error.
Quarterly Profits and Dividends of Large Manufacturing Corporations by Selected Industries: New Series for Page S-18 1
[Millions of dollars]
Dividends
Profits after taxes
Durable-goods industries
Item
Total
Total 2
Nondurable-goods industries
Primary
Autometals and Machinery mobiles and
products
equipment
Total 3
Food and
kindred
products
Chemicals Petroleum
and allied
refining
products
Total
Durable goods
industries
Nondurablegoods
industries
200
106
39
27
15
94
28
26
14
200
106
94
249
318
380
305
315
314
282
301
630
828
149
208
246
196
189
182
144
74
339
459
51
89
108
79
77
70
57
68
136
180
23
31
37
31
33
32
32
-2
68
84
63
69
74
65
59
CO
37
o
111
160
100
111
135
110
127
132
139
227
292
369
31
31
34
30
32
30
37
64
65
64
41
45
49
39
42
40
44
71
84
102
19
20
33
28
38
48
42
54
88
137
181
214
237
190
194
212
215
236
292
351
101
130
143
114
113
124
125
124
154
187
79
84
94
76
81
88
91
112
138
164
-4
241
388
578
-185
32
159
289
-26
63
113
120
-42
-11
2
41
-119
-35
28
118
180
209
230
289
47
56
65
86
Cl
67
71
83
43
47
55
69
201
211
222
309
118
111
122
144
83
101
100
165
1947—1
II
III
IV
604
598
614
706
321
334
327
373
153
128
122
141
45
71
07
88
100
112
114
118
283
264
287
333
74
52
59
73
90
79
80
89
64
77
91
118
246
271
265
386
132
139
141
203
114
132
123
183
1948—1
751
395
150
75
142
356
61
91
141
285
152
133
Number of corporations
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1946—1
II
III
IV
Quarterly average
_
_ -_
Quarterly
1
Compiled by the Board of Governors of the Federal Reserve System. The series on profits of 200 large manufacturing corporations, shown first in the August 1949 SURVEY, replaces data
previously shown on net profits of 629 large corporations and net profits and dividends of 152 large industrial corporations. The new series is based on corporations with end-of-1946 total assets
of 10 million dollars and over and which accounts for roughly one-fourth of the sales arid profits of all manufacturing companies; however, the coverage of the new series for certain industries is
limited and the data cannot be used to estimate the universe of manufacturing corporations.
Data on profits after taxes are based on published company reports to stockholders. To show the results of current operations only, reported figures have been adjusted to exclude from current profits such items as: Tax credits applicable to prior years; transfers to reported profits of reserves previously set aside; nonrecurring profits from the sale of property and other assets; and
intercorporate dividends when large. Adjustments have also been made to include as profits such items as the following: Funds set aside out of current earnings for surplus reserves (for
example, contingency, inventory, and special depreciation); funds deducted for payments of prior year taxes; and other special charges not related to current operations. The old 629-company
series was based on profits exactly as reported by each company. Quarterly dividend payments on preferred and common stock are computed from published data on the number of shares
outstanding and on dividends per share. Quarterly data beginning June 1948 are shown on p. S-18 of the August 1949 SURVEY and subsequent issues. Further details on the new series are
published in the June 1949 issue of the Federal Reserve Bulletin.
2
Total includes 25 companies not shown separately, as follows: Building materials (12); transportation equipment other than automobile (6); and miscellaneous (7).
3 Total includes 26 companies not shown separately, as follows: Textile-mill products (10); paper and allied products (15); and miscellaneous (1). For certain items data for 1939-44 are
partly estimated. At most, estimates are for: Total nondurable—7 companies; foods—2 companies; chemicals—2 companies; petroleum, textiles, and paper —1 company each.
SURVEY OF CURRENT BUSINESS
24
which has continued unabated through the first portion of
1950.
The Business Situation
(Continued from p. 4)
during the middle of 1948, which reflected great demand for
lumber both for inventory accumulation and for current
building requirements. The subsequent decline in prices,
resulting from the lowered building rate during the latter
part of 1948—to which the high cost of lumber contributed—
carried through until the middle of 1949. When demand
again accelerated as a result of the resurgence of home building during the latter part of 1949, a rising price trend resulted
Chart 4.—Wholesale Prices of Building Materials
JNDEX,
350
1939 = 100
«
-'
LUMBER
300
ALL BUILDING MATERIALS
200
ALL OTHER
100
V »••...,
S
1 1 I I I 1t 1 1 I 1
1947
I 1 I I 1 1 1 1 11
1948
Production of lumber substantially above a year
ago
Production of lumber has risen irregularly since mid1949, with adverse weather conditions, particularly in
January, in some of the largest lumber producing areas
contributing to the irregularity. For the first 4 months of
1950 as a whole, however, production was more than onefifth above the corresponding period of last year.
Demand was so pressing, however, that the rise in production was accompanied by a decline of stocks. Shipments of lumber, at 8,841 million board feet, exceeded production by 899 million board feet in the first quarter of 1950,
according to the National Lumber Manufacturers Association.
In particular, among the major wood products, shipments
of hardwood flooring and softwood plywood were up 32 and
40 percent, respectively, from the first quarter of last year,
and in each case were above production.
Other building materials in which production was well
above last year in the first quarter include gypsum board,
gypsum lath, warm air furnaces, and asphalt prepared
roofing.
Cement production under 1949
250
150
June 1950
I I 1 1 1 I I II 1
1949
I1 t II
1950
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
SO-SOS
Sources of data: All building materials and lumber, U. S. Department of Labor, Bureau
of Labor Statistics, indexes (1926=100) recomputed to 1939 as base by U. S. Department of
Commerce, Office of Business Economics; "all other," calculated by O. B. E. from B. L. S.
data.
The production of cement, unlike most of the important
materials, rose to a record volume in 1949 under the stimulus
of higher public and utility construction. Concrete reinforcing bars and unglazed structural clay tile, also used in this
type of construction, likewise were produced in greater
quantities during 1949.
Cement production, on a seasonally adjusted basis, was
greatest during the early part of 1949 and decreased through
October, although not enough to prevent record quantities
from being produced for the year as a whole. Toward the
latter part of the year cement production, in common with
most construction items, again moved upward. However,
unlike lumber, in the first 4 months of this year it remained
moderately below the corresponding period of a year ago.
Also showing declines for the same months were many of
the metal products, including fabricated structural steel,
concrete reinforcing bars, rigid steel conduits, wire nails,
mechanical stokers, structural clay tile, and clay sewer
pipes. Brick production has been about the same as last
year.
Wholesale Price of Eggs, Extras, Large (Chicago): Revised Series for Page S-29
l
[Dollars per dozen]
Month
January _
February
March
April
May
June
1944
._ ._
1945
0.434
389
.372
.372
.372
.389
1946
0.403
358
.366
.365
388
.378
1947
0.417
.416
.451
,465
.444
.464
Month
1948
0.475
,469
.464
,461
.451
.462
July
August
September
October.November
December
.
_ __
Monthly average
1
Compiled by the U. S. Department of Agriculture, Production and Marketing Administration. Data replace the series for U. S. standards published prior to the October 1949 issue of
1944
1946
1945
1947
1948
.417
0.463
.491
. 506
.495
2
.489
.390
.503
.480
.447
.491
,509
.500
. 530
,558
.607
.620
.565
.645
.465
.594
636
547
429
432
.510
.516
462
433
551
528
609
531
the SURVEY; for monthly data beginning Jpnuary 1949, see p. S-29 of the February 1950
SURVEY and subsequent issues.
2 Average of data for months shown.
Wlontki
BUSINESS STATISTICS
J_ HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume (price $1.25) contains monthly data for the years 1945 to 1948, 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 1945. Series added or revised since publication of the 1949 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.
Monthly averages for 1949 are shown in the March 1950 issue of the Survey of Current Business.
selected series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
Data subsequent to April 1950 for
1950
1949
April
May
June
July
August
September
October
November
December
January
February
March
April
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income total
bil of dol
Compensation of employees, total
do
Wages and salaries, total
_
do
Private
do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, total $ do
Business and professional o*
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil. of dol
Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
220 8
140.8
135.4
114.7
4.1
16.6
5.5
45.1
24.1
14.3
6.7
220 7
141.1
135.6
114.4
4.2
16 9
5. 5
43.1
24.0
12 6
6.6
219 1
140.9
135.3
113 5
4.5
17 3
5.6
43 7
24.0
12 9
6.8
142 8
136. 7
115 1
4. 4
17 2
61
44 7
25 0
12 9
6 8
30.7
26.4
10.6
15.8
4.3
4.2
32.3
28.9
11.4
17.5
3.3
4.2
30.2
29 5
11.2
18 2
.7
4 3
7
4 3
Gross national product total
do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment
do
New construction
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil of dol
Federal (less Government sales)
do
State and local
do
257.9
179.3
23.6
99.8
55.9
33.2
16.4
20.0
-3.2
1.2
254.6
179.7
25.7
97.6
56.5
32.1
17.4
19.6
-5.0
—.3
256 7
179 8
25.2
97. 7
56.9
33 7
18. 7
18 7
-3.7
263 9
182 7
26.9
98 1
57.7
41 1
20.1
19 3
1.7
—2 1
44.2
26.4
17.8
43.2
25.0
18.2
43 7
25.0
18 8
42 2
23. 2
18 9
Personal income, total
Less* Personal tax and nontax payments
Equals* Disposable personal income
Personal saving§
210.0
18.6
191.4
12.1
208. 2
18.6
189.5
9.8
209.3
18 6
190.7
10 8
219.9
18 7
201 3
18 6
do
do
do
do
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
_ _
_ . bil. of dol
Wage and salary receipts, total
do
Employer disbursements, total
do
Commodity-producing industries
do
Distributive industries
do
Service industries
do
Government
_
do
Less employee contributions for social insurance.
.
._ _
_
bil. of dol
Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends,. do
Total transfer payments
do
Total nonagricultural income
do
210. 5
133. 9
136.0
57.4
40.7
17.3
20.6
210.2
133.7
135.9
57.0
40.9
17.4
20.6
209.4
132.9
135.2
56.7
40.3
17.3
20.9
207.2
133.0
135. 2
56.4
40.5
17.1
21.2
209.1
133. 4
135.6
56.9
40.5
17.1
21.1
208.3
133.7
135.9
57.1
40.5
17.1
21.2
207.0
132. 7
134. 9
55.5
40.2
17.5
21.7
209.4
132. 5
134.7
56.0
39.5
17.4
21.8
211.9
134. 4
136.6
57.4
39.9
17.4
21.9
218.1
133. 7
136. 5
57.1
40 1
17.6
21.7
2.1
2. 1
45.0
17.1
12.4
2.2
2. 1
45.2
17.0
12.2
2.3
2.1
45.1
17.0
12.3
2.2
2.1
42.8
16.9
12.4
2.2
2.1
43.9
17.1
12.6
2.2
2.1
42.7
17.2
12.6
2.2
21
42.9
17.3
12.0
2.2
2 2
44.9
17.4
12.4
2.2
2 2
43 5
18.9
12 8
2.8
2 2
46 5
17.4
18 3
191.8
191.4
190.5
190.2
191.4
192.2
190.3
191 3
194 5
' 198 7
219.1
133. 1
135.8
56. 5
39 9
17.8
21 6
r
T
T
r
222. 8
134. 9
137. 7
58. 2
40 1
17.8
21 6
216 9
136. 7
139. 4
59.4
40 5
17.8
21 7
2.8
2 4
4.3 5
17.9
r
24 1
2 7
2 4
42 8
18.1
16 9
207 1
201 7
r
3 700
r i 520
i 4 530
i i 970
i if,Q
i 300
i go
i §50
1
1, 170
T
r
2.7
2 2
44 1
17.6
22 1
202 7
T
r
NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries, quarterly total . __ _. mil. of dol
Manufacturing
do
Mining
do
Railroad
do
Other transportation
_
do
Electric and pas utilities
do
Commercial and miscellaneous
do
4,660
1,880
190
380
140
780
1, 290 1
4,370
1,690
180
310
140
790
1,260
4, 630
1 830
180
300
120
890
1, 320
r 150
r 230
80
r
r 650
1, 060
r
Revised.
i Estimates for April-June 1950, based on anticipated capital expenditures of business.
d"Includes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
S893140—4
50
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics througli
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1949
April
May
June
July
August
1950
September
October
November
December
January
February
March
April
GENERAL BUSINESS INDICATORS— Continued
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total t _ _ .
mil. of dol__
Farm marketings and CCC loans, total
do
Crops
. _
do.. ^
Livestock and products, total
do
Dairy products
do_. Meat animals
do
Poultrv and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted :J
A 11 commodities
1935-39= 100 _ _
Crops
do
Livestock and products
_
do
Indexes of volume of farm marketings, unadi'usted itAll commodities
.
1935-39=100. _
Crops
do
Livestock and products
do
1,850
1,823
592
1, 231
326
623
265
1,944
1,915
639
1,276
361
627
259
2,053
2, 036
757
1,279
359
647
239
2.177
2.168
972
1,196
347
592
233
2,417
2,411
1, 162
1,249
328
661
245
2,608
2,601
1,327
1,274
304
705
250
3,139
3,127
1.773
1, 354
298
787
255
3,050
3,038
1,722
1,316
266
735
303
2, 326
2,317
1,175
1,142
267
603
262
2, 254
2. 238
1,099
1,139
290
676
165
1,614
1,596
581
1,015
276
574
156
1.674
1.642
478
1,164
315
639
200
p 1, 594
p 1, 544
p436
p 1, 108
p313
p579
p202
275
209
325
288
224
337
306
265
338
326
340
316
363
407
330
392
465
336
471
621
357
457
603
347
349
411
301
337
385
301
240
203
268
247
167
307
p232
p 153
p 293
114
81
140
123
89
149
132
110
148
141
145
138
162
190
140
168
209
138
202
270
150
193
246
153
155
170
144
154
168
143
109
92
123
112
72
142
p 104
p59
p 139
177
174
170
163
174
178
169
174
178
179
177
183
plSS
183
179
176
169
181
188
179
180
186
189
189
191
p 197
212
219
126
144
116
240
167
151
209
186
202
160
179
235
203
202
204
129
139
124
232
145
123
200
190
206
156
202
220
184
195
177
129
139
124
225
133
108
192
188
209
151
204
240
211
186
156
121
136
113
217
127
105
179
187
209
140
214
249
225
194
178
134
148
126
216
141
128
174
190
207
149
212
246
225
200
179
141
158
132
224
157
150
175
191
219
151
199
252
231
176
102
138
165
125
226
164
162
167
193
211
154
210
238
216
181
145
144
163
134
217
164
161
170
188
206
153
195
206
175
201
201
145
170
132
227
166
162
175
181
187
154
177
211
181
206
203
130
167
111
229
179
174
191
'179
168
147
202
'242
' 224
204
201
137
173
119
237
183
183
202
r
179
160
rl8l
'210
205
'147
' 176
' 133
243
' 199
' 196
'208
'180
157
' 151
201
'215
' 190
p 222
222
P158
p 175
150
p251
p 196
p 192
p208
p 196
207
p 155
222
p229
P207
159
163
239
417
106
96
113
148
160
134
94
160
182
233
406
101
95
105
156
203
138
102
161
190
230
404
104
95
110
165
223
139
133
156
188
225
392
94
80
104
172
222
140
181
170
179
226
388
110
90
123
189
197
134
287
178
179
238
405
114
98
125
190
159
145
267
181
180
245
414
108
99
115
177
121
155
193
178
171
247
417
98
95
101
162
97
172
123
175
151
249
422
101
99
103
156
96
186
103
175
143
249
-•419
108
96
116
149
95
183
92
176
142
'249
'423
118
109
124
145
107
144
86
'176
162
250
'426
115
97
' 127
148
'128
148
'83
p 177
166
P252
p430
do
-do
do
do _
do
do
do
do
do
do
do
146
142
209
182
157
177
129
111
240
112
153
144
139
207
175
158
178
123
103
214
118
170
143
138
202
159
148
178
126
105
217
120
179
128
125
198
139
133
175
120
87
238
109
152
155
148
203
146
143
178
140
111
259
134
184
169
160
208
145
159
174
155
127
294
139
185
176
168
198
49
169
192
169
134
318
161
171
177
168
205
102
167
187
175
138
340
158
172
167
160
219
158
162
193
173
134
350
151
138
178
171
211
154
157
194
178
144
355
154
162
179
172
'205
124
167
196
179
144
357
159
154
179
173
'206
146
'172
'195
173
138
'350
152
167
?182
175
206
174
175
P205
p 171
139
351
do
dodo
do
_do_ do-
146
148
88
144
156
134
148
149
105
144
155
142
137
135
78
104
153
150
128
126
93
80
147
140
134
134
82
108
149
135
123
122
50
60
154
128
112
120
118
31
156
63
141
152
117
133
163
76
128
136
63
103
157
81
125
133
69
96
154
80
113
118
65
38
155
'81
'139
148
108
149
'152
'81
P139
pl48
83
143
P157
P84
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
1935-39 = 100
Manufactures
do
Durable manufactures
Iron and steel
_
Lumber and products
Furniture
Lumber
Machinery
_
Nonferrous metals and products
Fabricating
Smelting and refininsr
Stone, clay, and glass products
Cement
Clay products
Glass containers
Transportation equipment
Automobiles (incl. parts)
do
do . _
do
do.
do
do_
do
do_
do
_do
do
-do
do
-do
do
Nondurable manufactures
do Alcoholic beverages
__ _ ___ _ - d o
Chemicals products
do
Industrial chemicals
do
Leather and products
do
Leather tanning
do
Shoes
do
Manufactured food products _ _
do Dairy products
do
Meat packing
do
Processed fruits and vegetables
do
Paper and products
Paper and pulp - _
Petroleum and coal products
Coke
Printing and publishing
Rubber products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
Tobacco products
Minerals
Fuels
__
Anthracite
Bituminous coal
Crude petroleum
Metals
_
_ _
_
_ _
Adjusted, combined Index cf
Manufactures
Durable manufactures
Lumber and products
_
Lumber
Nonferrous metals
__
_
Smelting and refining
Stone clay, and glass products
Cement
_
Clay products
Glass containers
r
150
202
'209
p 148
159
145
*87
152
do
179
174
169
161
170
174
166
173
179
183
' 180
' 187
P189
do
184
179
175
168
178
184
176
179
188
192
192
194
p 198
do
do
do
do
do~~ do
do
do
do
212
126
118
167
209
189
213
164
179
201
126
120
145
200
185
196
157
189
194
123
114
133
193
186
195
152
206
185
115
104
127
180
185
190
140
223
193
126
115
141
174
183
183
145
204
199
132
119
157
175
183
189
146
195
175
133
116
164
167
184
182
146
204
181
147
139
163
169
183
191
147
193
203
159
153
166
174
187
206
150
190
209
144
132
179
191
'190
207
158
206
207
150
138
188
202
'192
211
' 158
208
212
156
145
199
208
188
192
158
201
i>222
p 159
P150
p 196
p208
199
218
p 160
222
172
177
' 180
161
154
165
180
162
161
P179
176
Nondurable manufactures
_
_
do
177
179
174
167
174
174
165
164
172
169
173
158
187
Alcoholic beverages
do
168
169
236
240
234
228
229
247
237
247
Chemical products
_'
do
233
243
245
P250
248
108
115
115
96
106
101
105
101
115
110
Leather a n d products
__ _ _ _ _ _ _ _ d o - 97
108
100
98
95
84
102
96
97
91
98
92
99
95
Leather tanning
do
165
167
162
163
166
165
161
161
166
P162
Manufactured food products
_ _ _ do
160
160
161
151
146
154
153
151
151
152
149
148
'154
147
153
Dairy products
do
148
158
155
141
150
160
145
137
153
154
151
157
Meat packing
do
154
p 157
149
137
155
156
139
151
' 151
173
134
132
136
Processed fruits and vegetables _
do
pl42
142
r
144
129
169
176
146
143
155
179
167
Paper and products
do
177
179
179
P181
168
141
139
138
126
160
148
' 171
'172
168
160
Paper and pulp
do _
171
175
T
Revised.
p Preliminary.
tData for 1947-48 were revised to incorporate revisions in reports on production and sales of farm products; revised figures for January 1947-July 1948 appear on p. 23 of the April 1950 SURVEY;
revisions beginning August 1948 are shown on p. S-2 of the October 1949 SURVEY and later issues. _? Seasonal factors for a number of industries were fixed at 100 during 1939-42; data for these
industries are shown only in the unadjusted series.
SURVEY OF CUKEENT BUSINESS
June 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-3
1950
1949
April
May
June
July
Se
^erm-
August
October
November
December
January
205
160
219
159
211
163
February
March
April
GENERAL BUSINESS INDICATORS—Continued
i
INDUSTRIAL PRODUCTION—Continued
Adjustedcf — Continued
Manufactures— -Continued
Nondurable manufactures— Continued
Petroleum and coal products_-_1935-39=100-_
Printing and publishing
do
Tobacco products
do
Minerals
Metals
_. __
__ _
do
__do
209
152
207
155
202
149
148
145
145
126
133
124
123
105
35.9
17.6
36.0
17.7
36.4
18.0
34.8
17.1
162
170
172
198
144
146
203
151
208
159
198
165
129
102
119
98
112
59
141
76
132
106
130
117
37.1
18.9
37.2
18.9
34.6
16.8
35.5
17.3
34.7
16.9
35.7
17.6
11.0
10.3
178
175
165
169
149
162
-205
168
r
162
-206
- 168
176
118
r 144
- 118
P116
10.2
36.6
18.0
7. 5
10.6
37.9
19.1
7.5
7.2
1.6
5.6
7.3
1.7
5.6
7.7
1.9
5.8
11.1
54.5
31.1
13.9
17.2
'9.3
206
170
161
P141
?95
BUSINESS SALES AND INVENTORIES *
Business sales (adjusted), total §
Manufacturing, total. _
_
Durable-Roods industries
Nondurable-goods industries _
Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishments
Retail trade, total
Durable-goods stores _
Nondurable-goods stores
bil. of dol__
do ._
do
_ do
do
do
..do
do
__ .do
do
Business inventories, book value, end of month
(adjusted), total §
bil. of dol
Manufacturing, total
do
Durable-goods industries
do
Nondurable-goods industries
do
Wholesale, total
do
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade, total
do
Durable-goods stores
do
Nondurable-goods stores
_
_ _ do_ _
Manufacturing inventories (unadjusted), by
stage of fabrication, total
bil. of dol
Purchased materials
_ _
___
_
do
Goods in process
do
Finished goods
do
7.4
10.2
7.4
1.7
5.7
7.5
10.3
7.5
1.8
5.7
10.2
7 7
1.8
5.9
7.2
9.9
7.2
1.6
5.5
10.5
7.7
10.8
10.8
10.7
3.3
7.4
3.3
7.3
57.8
34.0
16.5
17.6
56.9
33.6
16.0
17.6
56.4
33.3
15.7
17,5
5.9
14.5
5.9
14.1
5.8
14.2
3.3
7.5
9.3
3.4
9.2
3.3
9.0
3.2
3.3
7.2
8.0
11.0
7.5
1.8
5.7
10.7
3.5
7.2
55. 3
32.4
15.2
17.1
54.6
31.6
14.7
16.9
6.0
13.9
6.0
13.9
9.1
3.1
9.1
3.0
5.7
8.8
5.4
8.8
5.4
8.8
5.3
8.6
5.3
8.6
33.9
13.3
33.4
12.8
32.9
12.4
32.3
12.2
31.7
12.0
8.2
8.3
8.1
8.0
7.7
7.9
7.5
1.9
5.6
6.5
7.1
1.7
5.4
7.0
7.6
1.8
5.8
7.0
9.9
7.3
1.7
5.6
10.3
10.9
10.7
10.6
10.5
10.9
11.1
54.6
31.1
14.3
16.8
54.4
30.7
13.9
16.9
54.0
30.5
13.6
16.9
9. 1
53.6
30.9
13.9
17.0
54.1
31.1
13.9
17.3
'53.9
31.1
13.9
17.2
6.2
14.4
6.2
14.5
6.2
14.3
6.1
13.7
3.5
7.4
9.2
3.0
5.6
8.8
31.0
11.8
7.5
3.6
7.1
9.1
2.9
5.7
8.8
30.7
11.8
7.2
3.3
7.3
2.9
5.5
8.8
3.1
7.4
9.0
2.9
5.1
8.6
3.6
7.3
9.0
3.0
6.0
14.0
5.4
8.6
3.7
7.4
r
9.0
3.0
6. 0
13.8
5.2
8.6
30.6
12.0
31.1
12.3
31.3
12 2
31.2
12.1
6.9
6.9
7.2
7.3
12.4
12.4
12.4
12.2
11.9
11.7
11.7
11.7
11.9
11.9
11.7
17, 643
7,445
1,883
17, 741
7,488
1,768
17, 990
7,745
1,811
17,114
7,207
1,703
18, 945
7,982
1,850
18, 865
7,877
1,894
16, 805
6,542
1,088
17,313
7,041
1,457
16, 857
6,960
1,766
17, 650
7,471
1,860
18, 035
7,461
1,937
767
1,081
1,258
737
1,006
1,108
784
1,072
1,491
789
1,124
1,294
454
345
393
426
305
340
363
307
10, 272
2,834
522
9,897
2,699
552
1,133
1,044
8.1
11. G
3.7
7.4
36.7
18.3
7.9
10.4
1.8
5.5
11.1
3.7
7.4
'9.0
54.8
31.2
14.0
17.3
9.4
3.1
6.3
14.2
5.3
8.9
31.1
12.0
' 7.4
'II. 7
31.0
11.7
7.5
11.7
' 19, 144
18. 302
r 8, 127
7,930
2.020
3.0
'6.1
'14.3
5.3
MANUFACTURERS' SALES AND INVENTORIES—VALUE (ADJUSTED)*
Sales, total
mil. of dol.__
Durable-goods industries, total
_ __
do
Iron steel and products
do
Non ferrous metals and products
_ do. _
Electrical machinery and equipment
do
Machinery except electrical
do Motor vehicles and equipment
_ _ do
Transportation equip., except autos
do
Lumber and timber basic products
do
Furniture and finished lumber products. -do
Stone clay and glass products
do
Other durable-goods industries
do _ _
Nondurable-goods industries, total
Food and kindred products
Beverages _
_
Tobacco manufactures
Textile-mill products _ __
Apparel and related products
Leather and products _
Paper and allied products
Printing a n d publishing
_ _ _
Chemicals and allied products
Petroleum and coal products
Rubber products
Other nondurable-goods industries
__
do
do
do
do
do
do
do _ _
do
d o ._
do
do
do
do -
Inventories, book value, end of month, total
do
Durable-goods industries, total
do
Iron, steel, and products
__
.. _ _ d o
Nonferrous metals and products
do
Electrical machinery and equipment
do
Machinery, except electrical — do
Motor vehicles and equipment
_ _ _ do
Transportation equip., except autos
do
Lumber and timber basic products
__do- .
Furniture and finished lumber products. _ do
Stone clay, and glass products
do
Other durable-goods industries
_
do
Nondurable-goods industries, total
Food and kindred products
Beverages
- _
Tobacco manufactures
Textile-mill products
Apparel and related products
_ _ _
Leather and products
Paper and allied products _
Printing and publishing
Chemicals and allied products
Petroleum and coal products _
Rubber products
Other nondurable-goods industries.
r
do
do do
do
do
do _
do
do
do
do
do
do
do ___
488
452
512
720
1,261
1,289
741
1,229
1,389
730
1,195
1,553
370
316
332
381
328
367
417
339
369
350
366
10, 198
2,942
607
10, 253
3,027
671
10, 244
3,006
701
426
361
266
943
895
291
461
596
1,086
1,540
257
314
484
284
936
807
279
451
573
1,144
1,523
248
310
454
279
984
685
303
461
592
1,143
1,525
266
300
418
546
749
1,130
1,739
802
1,130
1, 579
756
1,053
1,371
362
288
349
410
336
395
335
409
324
354
310
436
346
388
358
327
9,907
2,774
674
10, 964
2,969
740
10, 988
2,989
589
10, 263
2,890
528
487
271
968
770
282
497
555
1,106
1,511
271
227
492
298
1, 111
995
316
583
573
1,239
1,598
295
245
33, 565
15, 994
3,629
1,120
1,941
3,533
2,008
33, 250
15, 727
3,564
1,136
1,888
3,484
1,977
32, 367
15, 225
3,459
1,115
1,806
3,386
1,904
31,638
14, 741
3,337
1,064
1,737
3,329
1,824
795
570
787
557
786
563
757
548
754
527
17, 142
2,842
1,102
1,611
2,316
1,421
16, 898
2,884
1,062
1,668
2, 219
1,359
808
17, 552
3,028
1,114
1,595
2,395
1,363
595
911
616
2,346
2,527
648
414
909
725
785
17, 572
2,993
1,108
1,614
2,404
1,404
617
894
611
2,316
2,539
650
420
915
652
762
17, 524
3,026
1,095
1,633
2,361
1,412
624
872
609
2 278
2,544
644
427
500
669
1,063
1,558
34, 018
16, 466
3,654
1,123
2,024
3,628
2,201
926
737
579
903
617
731
590
832
580
2 264
2,546
625
415
860
586
724
598
793
568
2 247
2,513
586
400
365
285
1,164
964
294
644
596
1,274
1,618
359
256
1,089
791
274
623
509
1,174
1,575
512
410
280
524
440
256
688
254
618
512
700
244
583
612
1,182
1,654
1, 085
1,580
549
398
554
363
350
288
366
395
308
377
10, 178
2,878
501
10, 574
3,010
507
314
281
319
273
1,054
1,087
1, 175
1,536
1,192
1,565
670
249
600
613
698
280
610
709
277
294
262
291
31,076
14, 282
3,202
1,035
1,648
3,239
1, 769
30, 744
13, 876
3,062
1,023
1,603
3,152
1,678
30, 547
13, 646
3,048
1,028
1,568
3, 082
1,626
30, 899
13, 869
3,129
1,022
1,600
3,090
1,767
31,136
13, 880
3,123
31, 098
13, 923
3,101
1,594
3,064
1, 803
1,605
3, 098
1,810
744
506
717
492
723
474
723
484
745
488
869
558
839
598
262
333
809
602
266
275
764
591
712
712
687
698
16 794
2,806
1 124
1,728
2,198
1 332
16, 867
2,955
1,099
1,715
2,218
1, 332
16 900
2,983
1,082
1,697
2,254
1,357
17, 030
3, 066
1,088
1, 706
2, 283
1 377
614
756
561
2 228
2 497
562
390
611
739
559
2 222
2 507
537
373
616
737
589
2 223
2 472
587
302
618
759
585
2 194
2 412
584
360
276
343
286
356
- 1, 989
'572
-885
- 1, 272
r 1, 456
-395
-460
-366
-389
'344
'11, 017
- 3, 010
-604
-286
- 1, 091
- 724
-290
-636
- 722
-1,311
- 1. 632
306
17 257
3 254
1 140
1, 694
17, 256
3,166
1,106
1,699
2, 306
1 467
17, 175
3,168
1 124
1,670
2,314
1 480
r 17 225
- 3 220
- 1 159
- 1, 673
2 2, 338
- 1 524
636
782
600
2 164
2 358
558
383
787
493
610
778
588
2 154
2 322
594
375
631
255
1,022
623
262
567
651
1,227
1, 618
330
693
708
646
2,899
31, 210
13 954
3, 146
988
1 609
3, 110
1,825
654
607
804
506
707
700
740
642
982
10, 372
-406
'31,103
- 13 878
- 3, 109
- 977
- 1 593
-3, 117
- 1 806
- 677
- 615
-794
- 495
-695
982
559
825
1,228
1,492
338
440
358
359
311
r 010
r
-2
r2
775
606
112
246
595
r 201
2.329
1 510
64 5
776
618
2 128
2 203
300
p
Revised.
Preliminary.
cf See note marked "cT" on p. S-2.
*New series. Except as otherwise stated, seasonally adjusted dollar sales and inventories have been substituted beginning with the October 1949 SURVEY for the unadjusted dollar values
and indexes formerly shown; for earlier figures and details regarding the new series, see pp. 12-24 of the October issue. Sales and inventories of service and limited-function wholesalers only
are published currently on p. S-10.
§ The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers,
both farm and nonfarm.
SUEVEY OF CUEEENT BUSINESS
S-4
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
April
June
May
July
August
September
October
November
December
January
February
March
April
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS'
•
NEW ORDERS, NET*
Value (unadjusted), total
mil. of dol_Durable-goods industries, total
do
Iron steel and products
do
Non ferrous metals and their products
do
Electrical machinery and equipment
do
Machinery, except electrical
do
Transportation equipment, except autos_ -do
Other durable-goods industries
.
do
Nondurable-goods industries
do
15, 968
6,127
1 425
437
619
985
160
2, 501
9,841
15,734
5, 993
1 328
358
584
986
495
2,241
9,742
16, 300
6, 544
1 , 504
418
702
1,017
217
2, 686
9, 756
15, 496
6, 195
1,284
365
561
858
263
2, 865
9,301
18, 697
7,407
1, 776
615
687
938
244
3, 146
11, 290
19, 441
7, 634
1 513
583
810
996
377
3, 355
11,807
18, 359
7, 432
1 837
566
841
970
246
2,972
10, 926
18, 138
7,402
1 771
525
724
953
711
2,718
10, 736
16, 775
7,019
1, 9"! 5
508
788
1, 001
243
2, 564
9, 756
18, 646
8,377
2 067
586
841
1, 184
513
3, 186
10, 269
17, 983
7,513
1 995
578
754
1,196
353
2,638
10, 470
r r20, 228
9 075
r 2 382
1 006
I 396
-311
r
3, 341
r
11 153
18, 320
8 380
2 025
616
810
1 362
408
3,160
9 941
9 180
8,375
r
r
r 638
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER
r
r
rr 203. 5
568. 3
v 3 925 0
p 330. 0
p 290 9
*848. 0
r> 1, 684. 3
p 203 5
p 568. 3
99.0
16.9
9.0
20.0
37.9
4.2
11.0
84.5
12.9
7.1
16 6
34.5
38
9.6
79.8
12 7
7.0
16 4
29.8
38
10.1
r 109.9
11.5
17.0
'22.0
M3 4
r
4 0
r
12 0
'91.8
'13. 6
'14.1
r
!6. 9
r
33. 9
r
36
r
9. 7
?96. 4
j>14.3
v 14 9
p 17. 8
p 35 6
P3 8
p 10 1
83.6
83.5
71 0
do
do
do
do
3, 948 8
r
332. 2
r
305 8
r
849. 7
r
1,689.5
r
203 3
r
568. 3
New businesses quarterly total
Contract construction
Manufacturing
Service industries
Retai^ trade
Wholesale trade
All other
do
do
do
do
do
do
do
Discontinued businesses quarterly totalj
Contract construction
Manufacturing
Service industries
_ Retail trade
Wholesale trade
All other
do
do _
do
do
do
do
do
Business transfers quarterly total
do
Operating businesses total end of quarteri thous
(Contract construction
do
Service industries
Retail trade
\Vholesale trade
All other
3, 941.5
'"331.5
r
298. 7
r
849. 4
r 1, 690. 1
r
r
BUSINESS INCORPORATIONS
New incorporations (48 States)*
- .number -
7,273
7,445
7, 260
6,424
6,828
6,867
6,877
6,755
7,857
9,070
7,736
877
76
68
229
406
98
775
58
63
202
351
101
828
75
74
215
372
92
719
49
61
188
344
77
810
53
55
221
385
96
732
67
71
183
329
82
802
58
90
181
364
109
835
63
83
197
395
97
770
50
80
201
349
90
864
61
65
225
403
110
811
69
73
170
399
100
31,930
5, 774
1,519
14,523
6, 139
3, 975
24, 583
1,599
1, 434
11,182
6. 034
4, 334
28, 161
1,862
2,476
13, 500
6, 234
4,089
21 , 804
1,393
1,845
10,183
5, 629
2, 754
31,175
1,187
2,272
16, 008
6,424
5, 284
20, 598
1,289
2, 148
9,379
4,929
2,853
23, 894
1,248
1,989
11,897
5, 833
2, 927
22, 799
1,281
4, 362
8, 419
5, 929
2,808
19, 251
668
1,814
7, 465
6, 2*4
3,020
26, 436
1, 829
1,884
10, 928
7, 355
4,440
235
219
218
170
382
222
185
261
228
249
286
254
158
237
215
219
171
389
231
186
203
228
257
306
250
155
INDUSTRIAL AND COMMERCIAL
FAILURES
Failures total d"1
Commercial serviced1
Construction
Manufacturing and mining
Retail trade
Wholesale trade - -~ Liabilities totald"1
Commercial serviced71
Construction
Manufacturing and mining
Retail trade
Wholesale trade
- -
-_
--
-
number
do
do
_ do
do
do _,
thous ofdol
do
do
do
- - do
- do
884
74
86
116 i
402 •
116 1
22, 156 !
1,875
1,824
7, 905
6, 386
4,166
806
44
76
195
398
93
27 900
1 706 i
2,777 ;
12,241
7,859
3,317
21 250
819
1, 465
7, 980
7, 179
3,807
COMMODITY PRICES
I
1
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products t§— -1910-14= 100- Crops
_ _
-_
. do_ Food grain
do
Feed grain and hay
do
Tobacco
--_
- _ _ - do
Cotton
do
Fruit
do
Truck crops
_
_ _
do
Oil-bearing crops
do
Livestock and products
do
Meat animals
__ _ _ _ _ _
_ _ _ do
Dairv products
do
Poultry and eggs
_
do _Prices paidrf
All commodities
1910-14=100-Commodities used in living
do
Commodities used in production
do
All commodities, interest, taxes, and wage rates
1910-14=100.-
256
234
253
235
229
174
403
249
246
221
209
171
404
253
217
168
219
269
316
237
213
400
246
181
170
241
271
310
244
225
247
212
211
166
393
250
160
188
297
279
319
251
236
242
210
213
101
396
241
180
174
221
271
301
258
230
237
210
215
157
369
233
172
213
220
262
286
261
216
233
210
219
168
394
223
174
196
2?5
255
280
261
194
244
214
205
|
i
i
i
:
i
|
i
i
1
1
237
215
294
174
389
236
193
168
°30
258
308
243
165
241
225
227
181
389
242
206
205
239
256
312
235
161
177
403
251
225
196
256
276
324
241
220
239
194
245
271
319
235
215
213
168
404
253
235
155
232
271
323
233
212
244
246
242
244
245
242
242
245
239
240
244
235
238
242
234
238
240
234
237
239
235
236
238
234
237
239
235
238
238
237
237 l
238 :
237
239
239
239
240
239
241
254
253
252
250
249
248
246
245
246
249
248
250
251
ir>5
:
!
94
96 ;
95
100
98
95
99
97
96
100
98
98
Paritv ratio t
do
101
r
Revised.
*> Preliminary.
*New series. Beginning with the December 1949 SURVEY, dollar values of manufacturers' new orders have been substituted for the indexes shown prior to the October 1919 issue; figures
back to January 1946 and details regarding the new series are given on pp. 18-24 of the December 1949 SURVEY. Data on new incorporations are compiled by Dun and Bradstreet, Inc.; they
are available for the 48 States beginning 1946, and for 47 States (excluding Louisiana) beginning July 1945; figures through 1948 are shown on p. 21 of this issue of the SURVEY.
^Because of changes in tabulating procedures, major revisions have been made in previously published data on operating and discontinued businesses for the final quarter of 1948 and the
first three quarters of 1949. Revisions prior to June 1949 will be shown later.
d^For comparability with data prior to 1945, figures for certain subsequent months have been revised to exclude railroad failures. Revisions are shown in the February 1950 SURVEY.
§May 1950 indexes: All farm products, 247; crops, 223; food grain, 230; feed grain and hay, 190; tobacco, 387; cotton, 246; fruit, 195; truck crops, 178; oil-bearing crops, 248; livestock and
products, 269; meat animals, 342; dairy products, 230; poultry and eggs, 154.
fRevised series. Beginning with the February 1950 issue of the SURVEY, data have been revised (effective back to 1910) to reflect changes prescribed in the Agricultural Acts of 1948
and 1949; revisions prior to December 1948 will be shown later.
SURVEY OF CURRENT BUSINESS
June 1950
S-5
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
April
May
June
July
August
September
October
November
December
January
February
March
April
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
1935-39=100..
189.2
188.3
188.3
186.8
186.6
187.2
185.6
185.7
184.4
183.8
183.3
Coal (U. S. Department of Labor indexes):
Anthracite
Oct. 1922-Sept. 1925=100-Bituminous
-- do
144.9
158.1
140.7
154.7
142.3
154.8
143.0
154.8
143.4
154.9
145.4
156.4
147.4
158.5
148.3
160.5
148.4
162.7
148.5
164.1
148.5
164.5
169.7
192.5
202.8
170.3
184.9
218.6
234.4
137.4
96.8
187.8
191.9
120.3
154.6
169. 2
191.3
202.4
170.1
182.6
220. 7
232.3
135. 4
96.9
182.7
189.5
120.4
154.5
169.6
190.3
204.3
169.7
182.0
217. 9
240.6
135. 6
96.9
183.0
187.3
120.6
154.2
168. 5
188.5
201.7
169. 5
182.2
210.2
236. 0
135. 6
96.9
183.1
186.8
120.7
154. 3
168. 8
187.4
202.6
169.4
184.9
201.9
239. 5
135. 8
97.1
183. 1
184.8
120.8
154.8
169. 6.
187.2
204.2
169. 7
185. 3
199.8
243.6
137.0
97.1
185. 9
185.6
121.2
155.2
168.5
186 8
200.6
169.1
186.7
194. 5
235. 1
138. 4
97.0
188.3
185.2
121.5
155.2
168.6
186.3
200.8
169.2
186.4
202.0
229.1
139. 1
97.0
190. 0
185. 4
122.0
154.9
167. 5
185.8
197.3
169.2
186.2
198.2
223. 2
139. 7
97.2
191.6
185.4
122.2
155. 5
166.9
185 0
196. 0
169. 0
184.2
20^ 8
219.4
140 0
96.7
193 1
184.7
122 6
155.1
166. 5
184.8
194.8
169. 0
183.6
199.1
221.6
140.3
97.1
193.2
185.3
122.8
155.1
156.9
155.7
154.5
153.5
152.9
153.6
152.2
151.6
151.2
151. 5
153.0
165. 8
153.1
170.5
163. 8
189.0
153.7
151.5
165.9
149.4
171.2
159.9
191.5
152.1
150.7
164.5
146.5
168.8
154.9
193.3
151.2
149.7
1 63. 2
146.0
166. 2
154. 1
188.5
150.5
149.4
161.3
147.9
162. 3
150. 4
186. 3
150.6
150. 1
162.0
147.8
163.1
156.4
186. 6
151.2
149.1
160.3
145.3
159. 6
155. 3
177.7
150.3
148. 1
160.4
145. 1
156.8
156.4
169. 6
150.2
148.0
159.5
144.7
154.9
160. 9
167. 0
150.2
148.
159
144
154
160
170.
150.
2
8
8
7
2
5
5
162. 9
145.3
147.2
158.1
216.0
163.8
145.1
145.9
167.3
215.2
162.4
145.6
145.5
157.5
215.5
161.3
146.1
149. 2
145.4
212. 2
160.6
142.8
152.7
130.3
210.7
162.0
143.7
153.5
126.9
215. 1
159. 6
144. 6
154. 6
128.1
205.0
158.9
144.6
154.7
130.8
198.9
155.8
144 6
154. 4
132.5
193.5
154
144
148
134
194
8
3
8
3
5
156.7
144 8
147.5
138.2
201. 6
Commodities other than farm products and
foods
1926= 100. _
Building materials
do
Brick and tile
__
_ do _.
Cement
do
Lumber
_ __ _ do
Paint and paint materials
do
148.9
196. 5
160. 8
133. 7
290.6
157.9
146. 8
193.9
160. 8
133.7
285. 2
157.4
145. 6
191.4
160. 8
133.7
280.7
153. 6
145.0
189.0
161.5
133. 1
277.4
145. 2
145.0
188.2
161.5
133.0
277.4
143.8
145.3
189.4
161.8
133.0
279.7
143.9
145.0
189.2
161.8
134.5
281.9
141.1
144.9
189.5
161.9
134.5
283. 4
139.9
145.5
190. 4
161.9
134 5
285. 2
139 3
145
191
163
134
287
139
8
6
5
8
5
0
145. 9
192.8
1 63. 2
134 9
292. 1
r
!39 0
Chemicals and allied products
do
Chemicals
-- do
Drug and pharmaceutical materials, _do
Fertilizer materials
_
do
Oils and fats
do___
117.7
117.2
123.0
119.7
121.2
118.2
116.9
123.6
118.9
127.0
116. 8
116.9
124.3
117.5
116.9
118.1
118.1
124.7
120.7
118.5
119.7
118.0
125.0
121.8
130.3
117.7
117.4
125.0
120.4
118.4
116.0
115.5
123.1
120.2
115.6
115.9
115.2
123.0
118.3
118.3
115.3
114.6
121,6
117.9
118.2
115. 7
114 7
121.5
117 4
122 7
115.2
114 7
121.4
116 9
120.9
Fuel and lighting materials
Electricity
Gas
Petroleum and products
do
do
do
do
132.0
67.9
92.3
113.3
130.1
68.2
90.9
110.7
129.9
68.9
90.1
110-4
129.9
70.0
89. 5
110.2
129. 7
68.5
88.9
109. 7
130.0
68.9
89.3
109.1
130.5
70.1
87.8
109. 9
129.9
70.3
88.3
108.5
130.5
69 6
87.2
108.5
131
68
85
109.
4
9
0
4
131.3
69 6
87 4
109.4
Hides and leather products
Hides and skins
Leather
Shoes
-
do
do
do
do
179.9
183.4
177.8
186.9
179.2
188.2
177.4
184.0
178.8
186.0
177.1
184.1
177.8
184.7
175. 4
183.8
178.9
194.5
173. 7
183.8
181.1
204.8
175.5
183.8
181.3
205.6
176.5
183.4
180.8
199.5
177. 0
184.3
179 9
192.8
178 1
184.3
179
189
177
184
3
0
6
3
179
188
176
184
do
do
do
147.0
152.4
141.6
146. 2
151.9
140.3
145. 1
150.9
139. 3
143.0
149.1
136. 8
142.9
149.1
136.6
142.9
149.1
136.6
143. 0
149.2
136.7
143. 4
149.9
136.8
144. 2
151 2
137.0
144 7
151 5
137 8
do
do
do
do
171.8
166.2
156. 4
154. 9
168.4
165.1
138.2
154.7
167. 5
164.7
128.8
154.7
167.9
164. 2
132.1
154.7
168. 2
163. 8
135.9
154.7
168.3
164.0
135 7
154. 6
167.3
163 3
131 5
154.6
167.3
163.4
131 7
154.6
167.8
165 4
129 2
154 6
108.
167
128
151
4
3
6
7
168.6
T 1Q8 8
128 1
148 7
do
do
do
do
do
do
do
142.2
146.4
176.2
101.2
41.8
50.1
160.9
140. 5
146.0
172.6
100.4
40.8
50.1
159.7
139. 2
145. 6
169.7
99.6
39.6
49.2
159.7
138. 0
144.8
167. 3
98.5
39.6
49. 2
157.6
138.1
144.8
170.2
98.4
39. 6
49.2
152.6
139.0
144.8
174.8
98.4
39.6
49 2
150.4
138.0
144.6
176 5
98.4
39.6
49 2
145. 1
138.0
144.2
177.9
98.4
39.6
49 5
146.0
138.4
144 0
178 4
98.4
39 6
49 9
146 9
138. 5
143 9
178 7
98.5
39 6
50 1
147 0
115. 6
64.6
165.1
113.5
64.5
163. 3
111.0
62.1
159.6
110.3
60.6
156.8
109. 8
60.6
156.8
109.6
60.6
156.5
109 0
60.7
156.5
109 7
62.5
156.5
110 7
64 3
156.0
51.2
58 9
49.5
51.6
59.1
49.4
52.0
59 0
48.9
52.4
59.3
49.6
52.6
59.2
49.4
52.4
59 0
49.0
52.8
59 3
49.9
53.1
59 3
49.8
53 2
59 7
50.6
Consumers' price index (U. S. Dept. of Labor) :
All items
1935-39=100..
Food
Cereals and bakery products
Dairy products
.
Fruits and vegetables
Meats, poultry, and
fish
Fuel electricity, and refrigeration
Gas and electricity
Other fuels
Housefurnishings
__
Rent
Miscellaneous
do __
do
_ do
do
do
do
-- do
do
-- do
do
- -do
.
183.8
184.1
149.3
166. 2
154.2
165. 5
167.0
185. 0
196. 0
169. 0
182.4
195. 2
227. 3
140.9
97.1
194.4
185. 4
122.9
155.0
167.3
185 1
196. 6
169 3
179. 3
200 5
227.9
141 4
97. 2
195 6
185. 6
123 1
154.8
152.7
' 152. 7
152 9
149. 1
r
r
T
148. 9
162. 8
144. 1
159 4
165. 4
180. 3
151.0
149 4
162 5
143 9
159 3
169 6
178 0
151.2
155.
145
144,
134.
200
155 3
145 9
141 1
137 6
200 6
T
r
WHOLESALE PRICES <?
U . S . Department of Labor indexes:t
All commodities
1926=100__
Economic classes:
Manufactured products
do_ _
Raw materials
do
Semimanufactured articles.
do _ _
Farm products
- do
Grains
- do__
Livestock a n d poultry _ _ _ _ _
__do
Commodities other than farm products. _do
Foods
Cereal products
Dairy products
Fruits and vegetables
Meats poultry and
,
do
do
- do
do
do
fish
--
Housefurnishing goods
Furnishings
Furniture
Metals and metal products
Iron and steel
Non ferrous metals
Plumbing and heating
__
-
Textile products
Clothing
Cotton goods
Hosiery and underwear
Rayon and nylon
.. . -Silk
._
Woolen and worsted goods. _
Miscellaneous
Automobile tires and tubes
Paper and pulp__
do
_ _ ___ do _
do
r
162. 4
144.3
159. 1
161.3
179.9
151.1
r
r
r
r
r
117.1
116 4
122.0
117 4
127 5
131. 5
131 3
109.5
179
190
177
184
r
146
194
163
134
299
136
88 3
108.6
r
146. 1
194 2
163. 3
134 9
295 9
138 2
116.3
115 4
121.9
117 3
125 6
r
0
2
6
3
145 2
151 8
138 4
5
6
8
9
0
179
187
179
184
o
4
9
3
4
8
4
9
4
7
4
2
1
3
145 4
152 2
138 4
145 7
152 6
138 6
168. 5
1^7 2
151 9
168. 7
168 8
128 9
154 8
138.2
143 1
178 4
98. 6
39 9
50 1
147 2
137. 3
143 5
176 5
98.0
39 9
49 i
146 3
136. 4
144 2
172 9
97.8
39 9
49 1
146 1
110 0
64 3
155. 9
110 0
64 3
155.6
110 7
64 3
155.5
112 6
65 0
155.4
53 1
59 9
50.9
52 7
60 1
51.2
52 7
59 9
50.9
52 6
59 8
50.8
r
r
r
r igg Q
PURCHASING POWER OF THE DOLLAR
As measured bv—Wholesale prices
Consumers' prices
Retail food prices
1935-39=100
do
do
r
Revised. cf For actual wholesale prices of individual commodities, see respective commodities.
JThe Department of Labor is currently reviewing and revising the samples of commodities _ and of reporters for the indexes, subgroup by subgroup, to reflect postwar change;
with the original sample for the first month of the revision will be provided in a footnote. In some instances, it is necessary to correct previously published indexes because of late reports,
incorrect reports, or other errors in prices previously used. Indexes for the latest 2 months are preliminary and are currently revised to incorporate corrections received in the 2 months following. Any additional corrections received are incorporated in final annual summaries issued in the middle of the year. Indexes for June-December 1948 were corrected in the August 1949
SURVEY. Corrected indexes for January-May 1948 are available upon request.
SUEVEY OF CUEEENT BUSINESS
S-6
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1949
May
April
June
July
August
1950
Septem- October
ber
November
December
January
February
March
April
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
New construction, total
mil. of dol
Private, total
_
do _
Residential (nonfarm)
do
Nonresidential building, except farm and public
utility, total
mil of dol
Commercial*
do
Industrial,,
_do_. _
Farm construction
do
Public utility
_do__ _
Public, total
Residential
Military and naval
_
Nonresidential building
_
Conservation and development* _
Highway
All other
_ __
do
do
do
_do
do
do
do _ _
1,370
989
445
1,576
1,108
530
1,735
1,229
600
1,833
1,301
650
1,903
1,343
675
1,922
1,368
710
1,879
1,343
715
1,767
1,295
715
1,612
1,225
690
1,496
1,139
650
1,395
1,068
590
1,540
1, 155
650
1,702
1, 2-54
720
251
76
89
30
263
257
83
82
40
281
268
92
76
50
311
269
91
72
60
322
264
85
71
75
329
263
83
70
65
330
261
82
68
50
317
266
86
68
25
289
261
84
68
15
259
252
77
69
11
226
246
75
70
12
220
243
74
69
19
243
244
74
70
' 30
260
381
14
8
134
56
100
69
468
15
9
141
67
160
76
506
17
9
144
74
185
77
532
20
10
148
75
200
79
560
23
12
152
77
215
81
554
27
14
155
77
200
81
536
27
14
158
74
185
78
472
24
12
151
65
145
75
387
22
9
142
56
92
66
357
24
10
142
48
70
63
327
20
9
140
45
50
63
385
24
9
151
50
80
71
448
25
10
100
60
115
78
31, 570
842, 586
318, 506
524, 080
33, 474
880, 344
368, 551
511, 793
37, 203
945, 676
375, 431
570, 245
32, 579
943, 560
410, 352
533, 208
43, 782
37, 662
46, 925
905, 748 1, 093, 724 1, 061, 751
331, 892
316, 409
288, 754
589, 339
729, 859
804, 970
40, 132
957, 761
315, 683
642, 078
34, 704
929, 030
298, 714
630, 316
30, 989
730, 855
200, 541
530, 314
53, 494
35,715
59, 616
779, 530 1, 300, 201 1, 350, 496
480, 972
284, 925
354, 115
819, 229
494, 605
996, 381
4,154
31, 929
316, 370
4,138
30, 166
320, 630
4, 578
32, 961
335, 961
4, 384
33, 283
350, 232
4, 318
25, 746
278, 031
4,186
32, 448
345, 023
4, 528
32, 004
357, 085
3.518
25, 495
266, 103
3,293
28, 345
303, 205
2,882
22, 297
235, 294
3,017
24, 790
265, 567
4,373
37, 539
500, 658
4,998
43, 071
448, 619
25, 541
37, 087
303, 825
27, 187
42, 392
346, 251
29, 949
45, 804
370, 752
25, 570
42, 950
340, 593
31,079
48,146
393, 434
40, 342
65, 715
525, 572
37, 289
60, 801
500, 702
35, 224
53, 262
435, 235
29, 918
49, 481
419, 051
27, 229
42, 078
343, 501
31, 650
46, 235
361, 452
47, 547
71, 543
574, 681
52. 568
84, 964
674, 836
1,513
169, 700
1, 737
179, 396
2,197
175, 861
2,142
207, 130
1,892
173, 714
1,947
171, 576
1,566
128, 860
1,032
125, 891
1,185
134, 384
643
86, 300
805
120, 178
1,202
184, 081
1. 608
177, 334
362
52, 691
412
34, 067
479
63, 102
483
45, 555
373
60, 569
450
51, 553
399
75, 104
358
130, 532
308
72, 390
235
65, 760
243
32, 333
372
40, 781
442
49, 707
201
165
177
141
218
187
181
159
226
194
195
176
228
202
209
200
238
226
229
228
247
254
246
254
251
260
263
269
240
245
265
256
213
217
262
255
198
203
242
245
228
232
263
260
r
279
'292
* 275
'278
327
353
286
302
589, 693
601, 709
896, 128
619, 442
781, 416
810, 309
553, 482
589, 224
863, 561
915, 475
686, 221
993, 453
885, 044
3,653
53
1, 633
1,968
4,410
327
2,198
1,885
7,966
787
4,792
2,387
5, 035
95
2,950
1,990
5,224
89
2,854
2,281
3,927
208
2,154
1,565
2,648
487
1,037
1,124
3, 329
498
939
1,891
i 3, 1
040
55
1
1, 907
1
1, 078
3,396
310
1,952
1,134
2,322
81
1,369
872
5,369
51
2, 684
2,635
5,032
425
2,126
2. 481
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects
number
Total valuation
thous of dol
Public ownership
do
Private ownership
_
_ _ -do
Nonresidential buildings:
Projects
-_
__
number
Floor area
thous. of sq. f t _ _
Valuation
thous of dol
Residential buildings:
Projects
_
_.
number _
Floor area
thous. of sq. ft
Valuation
.
thous. of dol .
Public works:
Projects
• _
_ __
number
Valuation
thous of dol
Utilities:
Projects
number _
Valuation
thous. of doL_
Value of contract awards (F. R. indexes):
Total unadjusted
1923-25=100
Residential, unadjusted
. __ ___
do
Total adjusted
do
Residential, adjusted
do
Engineering construction:
Contract awards (E. N. R.)§
thous. of dol__
Highway concrete pavement contract awards :cT
Total
- thous. of sq. yd
Airports
do
Roads
- - -do
Streets and alleys
do
"NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
( U S . Department o f Labor) _ _ _ _ _ number. _
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total!
number..
Privately financed, total
_
do
Units in 1-family structures
.do
Units in 2-family structures
_
do
Units in multifamily structures
do
Publicly financed, total
do
Indexes of urban building authorized:
Number of new dwelling units
1935-39= 100 __
Valuation of building, total
do
New residential building
__ _do _ _
New nonresidential building
_ _ do
Additions, alterations, and repairs
do
88, 300
95, 400
95, 500
96, 100
99,000
102, 900
104, 300
95, 500
78, 300
78, 700
80,000
110, 000
126, 000
53, 782
51,012
37, 758
2,960
10, 294
2,770
57, 767
54, 397
36, 563
2,588
15, 246
3,370
58, 899
55, 454
36, 985
2,131
16, 338
3,445
51, 655
48, 501
34, 324
1,765
12,412
3,154
58, 636
57, 093
40, 382
2,282
14, 429
1,543
64, 580
62, 434
43, 982
2,196
16, 256
2,146
59, 574
57, 320
41, 794
2,747
12, 779
2,254
54, 394
52, 357
41, 562
2,095
8,700
2,037
44, 736
43, 365
31,327
1,996
10, 042
1,371
50, 413
49, 545
36,014
2,285
11, 246
868
52, 995
52, 818
40, 200
2,377
10, 241
177
80, 486
79, 351
59, 746
4,197
15, 408
1,135
82, 877
81, 251
63, 430
3,187
14, 634
1,626
r
311.4
T
330.5
380.4
583.5
240.2
287.3
338.5
427.5
578.3
334.8
329.0
295.3
342.3
495.9
234.0
277.7
337.7
390.8
570.4
267.5
306.9
377.3
412.6
627.5
278.2
279.0
343.5
387.8
592.8
253.0
276.5
313.7
354.2
556.0
233.7
213.8
257.5
319.7
433.4
273.8
184.2
288.3
319.1
484.9
214.5
217.8
305.6
327.1
529.8
201.4
198.1
464.5
488.9
837.4
265.4
285.6
477.9
525,0
885,5
303,0
290,8
367. 1
' 525. 8
r
263. 9
T
278. 2
CONSTRUCTION COST INDEXES
313
307
Aberthaw (industrial building)
1914—100
American Appraisal Company:
484
486
492
488
494
489
485
Average 30 cities
1913=100
505
506
509
518
521
503
510
Atlanta
do
492
495
508
493
497
501
510
New York
do
442
446
445
446
445
443
447
San Francisco
__ _
do
474
471
471
480
477
477
482
St. Louis
_ __do _ .
345
342
343
343
343
340
340
Associated General Contractors (all types) .__do
E. H. Boeckh and Associates, Inc.:
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
207.9
207.4
206.5
207.1
208.2
207.1
208.6
U. S. avg. cost 1926-29= 100 __
207.2
208.1
206.1
206.2
208.0
206.3
210.0
Brick and steel
do
212.9
214.9
214.6
210.0
211.1
210.8
218.2
Brick and wood
_ _
do _
Commercial and factory buildings:
209.3
211.1
211.1
210.2
210.6
210.7
212.0
Brick and concrete
do.. _
207.5
208.4
207.1
209.5
208. 3
207.3
207.6
Brick and steel
do
211.2
208.2
211.3
208.9
214.5
210. 1
208.6
Brick and wood
do _
215.2
218.2
222.5
219.0
211.3
212.7
212.6
Frame
do
195.1
194.4
194.4
194.4
194.7
194.1
196.7
Steel
_--do_ .
Residences:
213.4
215.6
215.4
211.4
210.6
211.7
218.7
Brick
do
214.3
213. 6
208.7
217.8
207.6
208.9
210.8
Frame
do
' Revised.
1 Data include some contracts awarded in prior months but not reported.
• New series. Monthly averages for 1915-38 and monthly figures for January 1939-July 1948 are available upon request.
§Data for June, September, and December 1949 and March 1950 are for 5 weeks; other months, 4 weeks.
cfData for June, August, and November 1949 and March 1950 are for 5 weeks; other months, 4 weeks.
JMinor revisions in figures for number of dwelling units beginning January 1947 are available upon request.
307
305
484
503
493
442
471
345
483
503
493
442
471
345
486
506
495
444
474
345
486
506
495
443
474
346
486
508
495
444
474
346
488
511
497
447
476
346
208.3
207.5
213.7
208.6
207.9
213.4
209.1
208.6
213.9
210.1
210.1
215.8
210.7
210.8
217.3
211.3
211.3
218.1
211.4
208.7
210.9
216.3
194.6
211.6
208.9
210.9
215.6
194.9
212.0
210.0
211.1
215.9
197.7
212.7
210.9
212.6
218.6
198.5
213. 3
211.6
213. 7
220.7
198.8
214. 0
212. 1
214.4
2?1 7
199. 2
214.0
211.6
213.8
211.2
214. 2
211.6
216.1
214.0
217.6
215.8
218.5
216.7
S-7
SUBVEY OF CURRENT BUSINESS
June 1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
April
May
June
July
August
1950
September
October
November
December
356 2
484.7
January
February
March
356 5
484.9
360 0
488.4
362 8
491.9
April
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
Engineering News-Record:c?
Building
1913 = 100
Construction.
.. _
_
do _
Bu. of Public Roads— Highway construction:
Composite standard mile
1925-29 — 100
348 9
472.1
349.3
473.8
349.5
477.5
350 9
478.2
352 0
479.8
155. 5
353 0
480.5
352 9
480.0
353 2
480.3
148.7
145.3
364 3
496.6
140.7
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted
do
130.5
131.3
132.6
125.3
135.3
126.4
123.8
116.4
146.8
129.7
148.9
138.5
140.8
127.1
142.8
144.1
135.9
153 7
r 120.8
r
162, 187
156, 122
168, 527
154, 576
186, 312
173, 970
198, 235
199, 841
211, 758
339
333
358
332
331
333
347
371
427
r
T
117.2
142. 1
v 140. 0
v 148. 1
232, 950
206, 681
210, 919
172, 453
360
331
315
331
141.5
REAL ESTATE
Home mortgages insured by Fed. Hous. Admin.:
New premium paying mortgages.. -thous. of dol__
Loans outstanding of agencies under the Home
Loan Bank Board:
Federal Home Loan Banks, outstanding advances
to member institutions
__mil. of doLHome Owners' Loan Corporation, balance of
loans outstanding
mil of dol
New mortgage loans of all savings and loan associations, estimated total
thous. of dol_By purpose of loan:
Home construction
do_ __
Home purchase
do
Refinancing
do Repairs and reconditioning
do
All other purposes. - _,
do
New nonfarm mortgages recorded ($20,000 and
under) estimated total t
thous. of dol
Nonfarm foreclosures, adjusted index 1935-39=100
Fire losses
thous of dol
319
231
291
148
279, 606
293, 215
326, 637
304, 343
348, 276
354, 194
353, 909
343, 260
342, 028
300, 906
325, 224
414, 783
422, 553
84, 277
116, 051
29, 383
15, 663
34, 232
87, 517
125, 073
28, 849
17, 375
34, 401
97. 963
141, 674
31, 838
17, 714
37, 448
90, 397
128, 657
29, 026
16, 732
39, 531
101, 022
149, 867
34, 443
19, 510
43, 434
108, 280
155, 915
33, 188
18, 362
38, 449
102, 151
159, 050
31, 814
17, 796
43, 098
105, 784
150, 877
33, 441
15, 735
37, 423
112, 463
141, 059
33, 358
14, 384
40, 764
94, 916
124, 265
32, 041
11, 584
38, 100
107, 335
128, 398
32, 573
13, 706
43, 212
143, 950
161,952
39, 717
17, 895
51, 269
151, 627
168, 381
35, 6H3
20, 014
46. 848
922, 023
9.7
55, 290
959, 653
9.7
54, 162
1,018,427
10.9
51,787
967, 440 1,068,813
11.8
12.8
49, 592
50. 150
1,065,431 1,117,212 1, 114, 041 1, 125, 200 1, 024, 000 1, 003, 090 1, 221, 644 1, 171, 148
14.1
14.5
15.3
11.9
12.8
13.8
11.8
61,605
72, 468
58, 340
48, 914
53, 116
67, 279
49, 678
58, 823
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
Printers' Ink, combined index
Magazines
Newspapers
Outdoor
Radio
Tide advertising index
_
1935-39=100-. do __
do
do__do
_do. -
Radio advertising:
Cost of facilities, total
Apparel and accessories . _ _
Automotive, incl. accessories
Drugs and toiletries.
Electric household equipment
Financial
310
346
280
279
309
284.6
309
338
290
289
308
286.4
302
314
286
296
305
283.2
276
284
264
274
252
257.6
270
297
252
284
256
272.2
292
301
286
299
278
293.2
306
294
305
323
289
284.5
305
308
291
320
287
274.1
294
291
286
292
287
256 2
thous. of dol
_ _ do_ .
do
. _ do. _
do
do
16, 763
119
729
4,240
653
349
17, 074
114
809
4,470
683
364
15,425
75
663
4,285
644
336
12, 085
89
332
3,473
222
318
12,160
71
335
3,544
208
287
14 083
96
404
3,829
247
298
16 423
117
486
4,494
189
282
15, 855
101
463
4,381
198
278
16 409
118
447
4,400
218
296
do __
do
do_
do
do
do
4,690
530
169
1,818
1,960
1,506
4,608
460
197
1,852
1,990
1,526
4,127
408
158
1,698
1 966
1,067
2,994
379
148
1,148
1 844
1, 139
3,073
376
103
1,255
1,743
1,165
4,006
377
112
1,467
1 782
1,465
4, 597
416
128
1,547
2 126
2 041
4,463
407
139
1,583
2 089
1,753
4,741
463
152
1,615
2 215
1, 744
51, 170
5,509
4,705
2 545
5,584
6,479
2 413
50 659
4, 937
4,562
2 427
5,463
6,396
2 432
40 642
3, 185
3,856
1 774
5,162
5,678
2 215
28 582
771
3,481
956
4,538
4,938
1 755
31, 495
3,436
3,330
917
4,284
4,812
1,614
41 729
5,273
3,490
1 789
5, 093
5,665
2 002
51 213
4 919
4,216
2 001
6,397
7 568
2 815
45 882
3, 813
3,438
1 346
6,020
6 693
2 790
_ do .
do- do
do do
do
3, 861
2,978
2 165
1,387
1, 356
12 187
3,781
3, 332
2 075
1,478
1,455
12 320
2,970
1,712
1 996
1,098
1,345
9 651
1,318
489
1 456
833
1,191
6 858
1,025
956
1,286
1,040
1,348
7,447
2,129
2,633
1 822
1, 441
1,252
9 139
3,326
3,389
2 133
1 606
1 634
11 208
thous. of lines.-
4,350
3,806
2,814
2,854
3,494
3,921
4,464
Foods, soft drinks, confectionery
Gasoline and oil
_
Household furnishings, etc.
Soap, cleansers, etc
_ _ _
Smoking materials
All other.Magazine advertising:^
Cost, total
A pparel and accessories _ _ _
Automotive, incl. accessories
Building materials§
Drugs a n d toiletries _ _ . _ _
Foods, soft drinks, confectionery
Beer , wine, liquors§
_
do
- d o
do. _.
do
.__ d o
do
do
Household equipment and supplies§_
Household furnishings§
Industrial materials§
Soaps, cleansers, etc
Smoking materials
_ _ _
All other
Linage, total
329
326
330
334
300
288.3
315
330
297
328
288
310.3
319
328
307
318
291
314.3
17 088
109
720
4, 627
198
289
15 388
101
498
4, 171
181
265
16 847
120
407
4,658
180
261
4, 735
452
114
1 664
2 164
2 016
4,326
410
102
1 551
1 998
1 785
4,847
455
102
1 762
2 214
1 841
36 921
2 632
2,684
539
4,690
5 271
3 469
29 184
l'517
2 610
739
4 470
4 951
1 738
39 689
2 706
3, 347
1 177
5 863
6 891
2 139
49 081
4 857
3 934
1 958
6 277
6 338
2 381
2,866
2,827
1 829
1 295
1 416
11 549
2,502
1. 360
1 490
698
1 456
10 130
739
782
1 259
' 673
1 201
8 505
1,732
1, 358
1 672
1 081
1 129
10 594
3,252
2,359
2 184
1 189
1 206
11 147
3,645
2,838
3,261
3,868
4,270
r
T
323
327
317
296
288
309.5
4, 482
Newspaper advertising:
205, 466
210, 677
193, 287
Linage, total (52 cities)
.._
.do
170, 504
213 488
197 858
214 9
935
164 040
207 865
170 738
207 909
168 921
215 753
43 32(5
43 404
45 386
Classified
do
42 95
41 476
40 082
35 362
40 050
40 713
36 061
38 306
41 139
37 157
165, 291
129, 791
162, 062
Display, total
_
_ _ _ _ _ - _ _ do
157, 808
123 959
172 640
151,811
135 376
169 603
171 805
172 350
172 4^7
131 764
7 33Q
9 554
8 224
9 265
9 791
10 033
8 115
8 887
Automotive
do
9 891
7 668
9 240
10 014
11 290
2 3i()
2 139
2,039
1,609
2,001
Financial
-_ _ _ _ _ do
2, 143
2 337
1 752
2 252
1 911
2 140
2 355
3 237
29 473
24 534
32 453
29 766
33 758
31 045
35 615
38 417
21 879
General
do
33 689
26 337
35 691
23 730
122. 051
118. 066
109. 462
117, 676
119, 978
Retail
do
89. 057
97, 416
125. 064
193 17fi
123.' 686
135. 999
94. 783
96. 324
T
v
Revised.
Preliminary.
cf Data, reported at the beginning of each month, are shown here for the previous month.
fRevisions for 1944-November 1948 are shown on p. 21 of the May 1950 SURVEY.
{Comparable data on magazine advertising cost (Publishers' Information Bureau, Inc.) are available back to January 1948 only. Beginning with the October 1949 SURVEY, five new components are shown (marked with "§"); the total of the two components "household equipment, etc." and "household furnishings" covers all items formerly included in "electric household
equipment" and "housefurnishings, etc." Data for January-July 1948 for the new components are available upon request.
§See note marked "I" above.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1050
1950
1949
April
May
June
July
August
September
October
November
December
January
February
March
April
DOMESTIC TRADE—Continued
I
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities) :
Number
Value
Domestic, paid (50 cities):
Number
Value
_ .thousands _ ,
thous. of dol__
4,718
91, 387
4,318
84, 477
thousands. _
thous. of dol. _
14, 106
218, 673
4,743
84, 583
4,041
81, 320
3.967
85, 093
4,175
83. 785
4, 557
88, 798
4,409
83, 938
4,844
90, 046
4, 531
89. 403
4,961
88, 510
5. 237
107, 778
4 932
92. 858
13, 971
14,711
13, 749
203, 946
14, 397
205, 209
209, 721
14, 463
190, 987
12, 694
181, 523
15,973
201,534
14, 005
207, 377
15,096
207, 673
12, 822
185, 481
13, 592
197,015
225, 619
13,354
197 478
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services total
bil of dol
179.8
182. 7
25.2
10.6
11.1
3 6
26.9
11.1
12.4
3 4
97.6
17 9
58.8
4 6
1 8
4 3
10.1
97.7
18.2
58.8
4.6
1.8
4.3
10.1
98.1
17. 9
59.2
4. 7
1.9
4 3
10.3
56. 5
8 3
17 0
3 7
4. 1
5 2
18.3
56.9
8.4
17.3
17
3.9
5.2
18.4
57. 7
8 7
17 6
3 7
3.8
5 2
18. 7
179.3
179.7
Durable goods total
Automobiles and parts
Furniture and household equipment
do
do
do
23. 6
9.9
10.0
3 7
25.7
11.0
11 2
3 5
Nondurable goods total
Olothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semi durable housefurnishings
Tobacco
Other nondurable goods
do
do
do
do
do
do
do
99.8
19.3
59. 5
4 6
1.8
4 3
10.4
Services
Household operation
do
do
55.9
8. 1
16 8
3 7
4.0
5 2
18.0
PprsrmT] sorvicp
Recreation
Transportation
Other services
do
do
do
do
1
RETAIL TRADE
All types of retail stores :f
Estimated sales, unadjusted, total 9 __mil. of dol _
Durable-goods stores 9
do
Automotive group 9 .
_
- do_ _
Motor-vehicle dealers 9
do
Parts and accessor ioscf _ _
- _ do _
Building materials and hardware group cf
mil. of dol__
Building materialscf - --- - do
Farm implements
do
Hard wared1
do _
Homefurnishings group cf
do
Furniture and housefurnishings cf
do
Household appliances and radioscf _ _ _ d o
Jewelry storescf
_._ .
- do_ _
Nondurable-good stores 9
Apparel group cf
Men's clothing and furnishingscf
Women's apparel and accessories.
Family and other apparelcf
Shoes
.
Drug stores
Eating and drinking places 9
do
do
do
do
do
do_
do
do
Food group 9
do
Grocer v and. combination 9
do
Other food 9
_ _ _ _ _ do
Filling stations
do
General-merchandise group§
_
do
Department, including mail-order§_^do
General, including general merchandise
with food
_ _
mil. of dol _ .
Dry goods and other general merchandise cf
mil. of d o l _ _
Variety
do
Other retail stores©
do__
LiquorO
do
Other§
do
11,137
3,469
2,059
10, 809
3, 601
2,093
1,945
148
10. 210
3, 370
2. 026
1,880
146
10, 630
3, 631
2,165
2,019
145
10, 998
3, 526
2,006
1,872
134
11,125
1,925
134
10, 763
3, 520
2.039
1.898
141
3. 596
2,011
1,868
143
10, 872
3, 348
1,794
1 650
144
12, 846
3 378
1,588
1,419
170
9,522
3, 061
1,907
1,799
108
9,281
3, 054
1,889
1.783
107
818
482
148
188
515
307
208
78
855
523
135
197
542
328
214
84
874
544
139
192
543
320
223
91
788
486
128
173
490
274
216
66
851
563
121
167
541
307
234
75
880
591
114
174
564
316
247
77
898
606
116
176
603
333
270
84
835
569
100
167
621
350
271
97
780
475
85
220
776
424
352
233
619
414
78
127
472
259
212
64
605
400
79
125
496
267
229
65
7, 668
934
203
437
124
7,243
757
178
348
103
127
296
944
7 208
736
192
31 5
97
132
297
932
6 839
530
132
226
73
98
296
945
6 998
563
118
268
78
99
293
972
7 472
' 788
171
373
107
136
288
958
7 529
806
186
385
112
122
295
961
7 524
' 835
209
390
121
115
286
895
9 468
1,208
345
507
187
168
384
954
6 462
606
165
261
86
94
286
875
6 227
536
131
242
75
88
272
798
2,461
1,961
500
550
1,303
864
2,491
1,973
518
552
1.270
836
2,574
2,056
2, 566
2, 036
529
551
1,347
913
2, 563
2,040
522
567
1 . 377
929
1.978
506
533
1,504
1.040
2, 823
2,272
551
540
2. 264
1.500
2, 336
1, 855
480
487
986
654
2,300
518
573
1,058
656
2. 518
1 997
521
563
1,190
783
2,484
2, 072
512
524
1, 401
920
162
156
154
149
144
146
145
143
178
112
109
136
184
974
146
828
126
157
932
132
799
123
157
930
1 30
800
103
151
863
130
733
107
156
899
126
774
125
162
974
138
836
130
173
960
148
812
136
184
988
157
832
209
377
1,296
258
1,037
92
128
885
125
760
89
135
888
123
766
no
300
952
2,583
1,851
449
453
980
647
r 11,062
' 3,736
r
2, 316
2,180
r 136
' 779 1
'509 i
118
152
T
574
'316
258
66
1
r 7 326
762
169 !
361
104
128 i
r
298
r
S94
2 575
2.074 !
501
512
11,064
3 753
2 250
2 110
140
876
569
141
167
554
311
243
72
7 311
812
179
374
110
149
290
893
2, 528
'844
2. 046
'482
523
1,298
858
128
141
r 1. 241
113
156 i
' 1.044 !
139 i
' 905 i
124
175
966
134
832
10.669
10, 759
10, 855
11,101
10, 549
10. 684
10, 814
11.072
10. 678
10, 503
10. 856
10, 630
Estimated sales (adjusted), total
do,__
' 11, 125
T
3, 328
3, 742
3, 333
3. 480
3, 346
3, 314
3, 551
3,145
3, 558
3, 504
3, 334
3, 676
3 734
Durable-goods stores
do
r
1, 885
2, 074
1,949
2. 081
1, 933
1, 914
2,094
2,206
2,131
2,077
1,867
1,675
Automotive group
_
do_
2, 187
1.779
1.746
1.942
1.813
1, 955
1, 941
2, 061
1.947
1, 798
1,729
1,534
1 , 982
2, 038 1
Motor-vehicles dealers
do
136
139
132
134
135
139
144
135
136
138
141
r 149 i
Parts and accessories
do
148
Building materials and hardware group
r
813
766
796
783
792
798
788
781
800
828
876
798
mil. of doL_
851
T 572
501
515
473
483
507
532
531
496
507
553
592
524
Building materials
do
165
183
166
177
177
177
165
167
168
162
164
173
168
Hardware
do
T
616
529
516
538
592
546
533
528
579
583
589
576
Homefurnishings group
do
608
r
306
302
299
306
318
301
311
334
336
318
337
Furniture and housefurnishings
do
337
317
222
244
227
230
215
265
255
227
261
255
278
259
Household appliances and radios
do__ _
271
92
93
85
87
93
96
90
89
88
83
93
89 !
93
Jewelry stores
do
r
Revised.
tRevised series. Dollar estimates of sales for all types of retail stores and for chain stores and mail-order houses have been revised for various periods back to 1943 and revisions from August
1948 forward are shown beginning with the October 1949 SURVEY; specific periods for which the series have been revised are as stated in the notes below. Also in the October 1949 SURVEY, adjusted dollar values for sales and inventories of all types of retail stores were substituted for the index numbers formerly shown; monthly data for 1946-48 for both the unadjusted and adjusted
series appear on pp. 21-23 of that issue. Unpublished revisions are available upon request. Revised data on sales of chain stores and mail-order houses for 1943-July 1948 are shown on p. 23 of
the April 1950 SURVEY.
cf Revised beginning 1948.
§Revised beginning 1947.
©Revised beginning 1945.
9 Revised beginning 1943.
June iar>0
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
SURVEY OF CURRENT BUSINESS
S-9
1950
1949
April
June
May
July
August
September
October
November
December
January
February
March
April
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All types of retail storesf— Continued
Estimated sales (adjusted), total — Continued
Nondurable-goods stores
mil. of dol
Apparel group __ _ do_ _
Men's clothing and furnishings
do
Women's apparel and accessories ... do
Family and other apparel
do
Shoes
do _ _
Dni? stores
do
Eating and drinking places
_do__
T
7,500
801
180
380
111
130
310
973
7,431
800
194
366
112
128
297
920
7,338
772
188
355
105
124
303
923
7,216
708
179
315
99
115
299
926
7,189
695
167
314
97
117
296
915
7,352
738
173
337
104
124
293
916
7, 127
709
165
334
99
111
295
904
7,296
762
179
360
104
119
296
900
7,358
747
182
342
104
119
290
937
7.297
756
194
331
107
124
305
917
7,359
735
186
319
104
125
304
930
Food group _
__
do.
Grocery and combination
do
Other fooddo..
Filling stations
do
General-merchandise group
do
Department, including mail-order do
Other retail stores
.
—do. _
2.540
2,027
613
534
1, 367
905
975
2, 539
2,033
506
524
1, 376
909
975
2, 527
2, 009
518
526
1, 336
885
951
2,500
1, 989
511
526
1, 304
868
953
2,502
1,989
513
528
1,317
881
936
2,540
2,032
508
534
1,342
897
989
2,465
1, 964
501
535
1,274
851
945
2,539
2,027
512
536
1,297
859
966
2, 519
2,024
495
538
1,356
911
971
2,511
1,994
517
541
1,304
867
965
2, 563
2, 052
511
548
1,298
862
982
Estimated inventories (adjusted), total
do
Durable-goods stores
do
Automotive group
do_ Building materials and hardware group
mil. of do!..
Homefurnishings group
do
Jewelry stores
__
do
Nondurable-goods stores
do
Apparel group _ _ do..
Drug stores
do
Eating and drinking places-do _ .
Food group
do
Filling stations
do
General-merchandise group
do
Other retail stores
do
14, 458
5, 669
2.038
14, 139
5,375
1,841
14, 182
5, 357
1,914
13, 862
5,289
1,917
13, 932
5,333
2, 051
14, 355
5, 580
2,222
14, 475
5, 725
2,317
14, 336
5,548
2,116
13, 698
5,112
1,740
13, 998
5 352
1,973
13, 800
5. 163
1,776
1,938
1, 235
458
8, 789
1.794
588
426
1.458
328
2,847
1,348
1,935
1,139
460
8,764
1,798
581
423
1,488
333
2,787
1,354
1,904
1,086
453
8,825
1, 810
596
423
1, 530
347
2,733
1, 386
1,882
1,039
451
8,573
1,716
571
402
1,543
347
2,646
1,348
1,840
993
449
8,599
1,752
583
398
1,529
324
2,675
1,338
1,869
1,047
442
8,775
1,806
596
411
1,552
327
2,767
1, 316
1,870
1, 112
426
8,750
1,809
563
396
1,550
301
2,843
1,288
1,865
1,130
437
8,788
1,780
555
411
1,496
287
2,943
1,316
1,798
1,117
457
8,586
1, 768
541
416
1,444
277
2,893
1,247
1,849
1 071
r
459
8 646
1 746
567
392
1 489
270
2 943
1 239
1,808
1, 124
455
8, 637
1, 776
579
399
1.504
285
2, 955
1 139
T
1, 889
1 197
T
477
9, 023
1. 856
r
582
M20
1 595
T
315
3,015
1 240
1,930
1.227
477
8,897
1, 799
539
411
1,617
322
2, 976
1 333
2.401
308
46
148
90
42
85
67
54
24
620
2,240
238
37
116
66
46
93
66
51
26
581
2, 226
235
38
108
70
47
99
66
51
25
573
2,095
176
22
88
52
49
87
69
52
23
501
2, 144
180
21
93
52
47
102
66
53
26
562
2,307
249
40
117
71
41
112
64
50
26
622
2,358
239
38
119
62
44
113
67
51
29
637
2,339
236
43
113
59
43
99
63
49
29
669
3,068
358
65
168
96
64
78
94
52
40
1,041
1,872
162
30
73
45
31
70
63
50
20
415
1,887
159
25
76
45
32
63
61
45
21
431
' 2, 268
r
243
39
119
'65
'42
r
75
66
T
50
'25
546
2,332
959
38
124
79
44
88
64
49
24
598
368
86
155
848
351
86
132
789
347
82
132
773
300
62
127
797
330
90
132
754
369
105
137
778
381
100
145
812
378
126
155
789
570
140
317
906
228
71
108
737
235
73
114
755
311
94
131
849
360
80
147
844
310.6
304.5
328. 8
273. 4
441.1
246.9
240.8
306.5
229.8
233.2
229.4
288.3
306.9
308.4
315.4
291.1
404.5
241.1
248.2
325. 1
225.2
221.4
236.6
303.4
300. 5
300. 9
304. 3
271.3
392. 5
235. 7
235. 2
325. 6
225. 3
223. 7
231.8
293. 1
274.7
296.7
284.9
250.1
368.8
220.9
248.0
306. 6
233. 8
221.2
244.2
285.6
281.0
300.5
291.0
245.1
374. 9
232. 5
238. 2
321.8
223. 9
224.9
242.5
294.5
314. 9
306. ( )
313.0
291.9
396. 6
240.6
222.5
340. 5
222.4
214.5
229. 4
299. 3
306.0
294.0
283.7
228.5
387.8
210.6
244.0
336. 3
220.0
211.8
248.7
272.5
321.5
301.0
297.8
264. 7
390.5
224.8
223.9
351.8
215.7
210.7
229.3
286.9
389.7
302.5
301.0
282.3
383.0
231. 1
258. 8
345. 6
218.1
209.0
244.9
295 4
258.9
299 8
299.8
280 8
377 4
236 5
257. 6
340 1
220 9
214 8
256 5
290 3
272.1
306 1
293. 6
251 1
371 3
241 8
266. 7
336 0
220. 7
212 4
251 5
297 0
' 295. 3
308 1
••301.4
r
250 7
r
389. 7
a-244 0
r 264. 0
r
331 1
r
221 3
r
209 3
T
236 9
r 291 8
311.8
309 6
304.2
251 8
398 7
240 2
265. 3
330 4
221 2
214 6
240 6
293 3
349.3
244.3
221.2
366.3
368.2
269.6
226.0
368.7
356. 3
258.7
218.0
358. 4
344.0
256.7
215. 0
358.0
358. 4
262.9
217.9
360.8
363.8
261.8
225. 6
368.1
328.5
232.3
212.1
358.8
342.2
255.8
223.1
365.6
346.7
269.4
235. 4
361. 9
350.1
245 2
228 1
356 0
363. 8
248 4
226 4
368 3
r
r 354. 5
251 9
222 3
377 3
362. 1
237 9
222 5
378 6
190
152
191
153
187
152
163
151
,„
155
182
165
191
175
213
189
285
214
53
23
53
22
53
21
49
19
51
21
52
20
53
20
54
20
51
41
8
50
42
8
51
42
7
52
39
9
50
40
10
49
42
9
48
42
10
287
365
241
277
292
373
306
279
230
277
310
328
323
268
323
232
262
265
331
284
255
224
256
287
283
314
218
294
155
212
214
310
249
211
155
188
236
254
280
238
324
173
229
234
333
275
242
171
201
243
280
313
299
381
248
296
282
404
328
307
243
280
328
335
331
293
395
234
271
274
414
325
314
243
279
314
331
339
Chain stores and mail-order houses: t
Sales, estimated, total 9
do
Apparel group
do
Men's wear
do
Women's wear
_ _ do_ _
Shoes
do
Automotive parts and accessories _ _ _ _ . do__
Building materials
do
Drug
_
___
do_
Eating and drinking places
do
Furniture and housefurnishings
do
General-merchandise group
do
Department, dry goods, and general merchandise
mil. of dol
Mail-order (catalog sales)
_ ___ _ do
Variety
do
Grocery and combination
_
do
Indexes of sales:f
Unadjusted, combined index 9 — -1935-39=100 —
Adjusted, combined index 9
do
Apparel group d*
do
Men's wearcf 1
do
Women's weard"
do
Shoescf
do
1
Automotive parts and accessoriesd"
do
Building materialscf
do
Drue
_
__
_ _
do
Eating and drinking places cf
do
Furniture and housefurnishingscf--do
General-merchandise group c?
do
Department, dry goods, and general merchandise d"
1935-39 = 100 —
Mail-ordercf
_ .__ _
do .
Variety cf
do
Grocery and combination _ _
do Department stores:
Accounts, collections, and sales by type of
payment:
Accounts receivable, end of month:
Charge accounts
1941 average — 100
Instalment accounts
. . _
.do
Ratio of collections to accounts receivable:
Charge accounts
percent
Instalment accounts
___
_do_ -.
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Instalment sales
do
295
Sales, unadjusted, total U. S
1935-39=100-Atlanta
__ _ _._ _
do
393
Boston
do
256
Chicago _
_ _ _ _ _
do
280
Cleveland
do
304
r
Dallas
do
378
311
Kansas City
do
Minneapolis
_ _ _
_
do
295
T
New York _ _ _ _
do __
239
Philadelphia
do
284
r
Richmond
_ __ _ _ _ _ _ _ _ _
do
310
St Louis
do
327
T
San Francisco L. . _
_ do
331
r
Revised.
* Preliminary.
fSee note marked "t" on p. S-8.
? Revised beginning 1943.
cfRevised beginning 1948.
r
7 396
752
173
348
107
124
303
914
2,599
2, 092
506
540
1,282
848
1,012
r
7, 391
740
T
178
r
328
105
r
!30
305
r
912
2 551
2, 058
492
534
1 330
892
1 013
14, 282
6, 259
1, 696
14. 163
5 256
1, 616
T
T
r
r
r
r
r
T
T
222
209
191
207
185
209
52
20
49
18
48
17
53
20
48
43
9
50
42
8
49
42
9
48
42
10
48
42
10
339
425
292
324
332
442
347
310
293
355
378
378
358
481
642
418
438
465
662
505
438
401
472
541
504
565
216
285
185
205
215
313
228
188
183
197
218
232
251
224
322
177
204
217
327
244
210
183
2()7
934
252
257
359
207
241
256
362
277
T 229
9 208
255
283
285
973
r 9U1
" 286
389
v 941
9(»()
9()Q
393
P 304
278
7;
225
27(i
313
316
!• 391
-{Revised data for San Francisco for 1919-48 are shown on p. 21 of the May 1950 SURVEY.
SUEVEY OF CUR-BENT BUSINESS
S-10
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
April
May
June
July
August
September
October
November
December
January
February
March
April
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores — Continued
Sales, adjusted, total U. S.J
Atlanta^
Boston
Chicago!
Cleveland^DallasJ
Kansas Cityi
291
376
285
368
280
377
283
360
289
367
1935-39 = 100. _
.
do - do
do
do_
do
do
293
389
251
277
301
374
314
243
275
295
384
309
Minneapolis^
do
New Yorkt
.
do
Philadelphia^
do
Richmond t
do
St. Louis
do_ _
San Francisco t
do
Stocks, total U. S., end of month :J
Unadjusted
do
Adjusted
do_.
Mail-order and store sales:
Total sales 2 companies
thous of dol
Montgomery Ward & Co
do
Sears, Roebuck & Co
_
do_
Rural sales of general merchandise :t
Total U. S., unadjusted
.1935-39=100..
East
do
South
__ do
Middle West
do
Far West
do
Total U. S , adjusted
do
East _
_
..do
South
_ _
do
Middle West...
do__Far West
do _ _
WHOLESALE TRADE
292
273
234
271
315
335
340
266
236
269
311
314
335
261
222
261
326
325
329
269
234
268
304
326
333
276
238
277
306
332
326
278
223
260
295
309
337
267
227
267
305
300
319
293
237
276
311
330
339
246
229
267
300
282
316
284
220
276
299
300
323
r
••286
278
277
273
256
265
245
256
254
253
274
263
297
270
305
273
244
271
244
272
267
279
T
r
295, 754
101,110
194, 644
292, 936
100, 334
192, 602
284, 289
90, 678
193,611
240,126
77, 005
163,121
280, 233
95, 517
184,716
316, 387
106, 735
209, 652
315, 329
112,398
202, 931
327, 785
115, 727
212,059
434, 472
150, 420
284, 053
202, 617
61, 458
141, 160
278.4
265.7
302.5
264.8
290.0
290.9
267. 3
329.5
271.3
310.2
272. 4
264.0
287.7
262.6
283.2
303.7
294.0
347.0
296.4
316.1
260.1
244.1
273.1
251.5
300.0
293.2
281.2
333.5
274.6
331.5
209.1
183.1
228.2
202.9
249.9
283.7
274.1
326.5
271.6
306.2
263.5
235.9
289.4
250.3
305.4
287.4
269. 0
322.3
270.3
313.2
317.3
285.3
354.6
305.1
338.4
286.9
275.1
311.6
283.6
295.8
318.4
278.7
384.0
297.6
352.1
266.2
232.2
300.5
253.3
313.3
369.4
371.7
445. 2
345 5
363.6
285.0
266.1
325. 4
262.9
290.0
442.1
408.2
484.4
417.1
509.9
312.2
282.5
350.3
281.1
325.2
212.7
191.8
241.6
203. 0
231.1
281.0
253.0
302.0
270.7
314 0
5,236
1,765
3,471
7,217
3,341
3,876
5,220
1,754
3,466
6,992
3,222
3,770
5,247
1,735
3,512
6, 854
3,092
3,762
4,856
1,525
3, 331
6, 839
2,970
3,869
5,551
1,737
3,814
6,873
2,848
4,025
5,851
1,843
4,008
7,002
2,820
4,182
5,769
1,842
3,927
7,007
2,736
4,271
5,904
1 762
4, 142
7,019
2,733
4,286
5,685
1 688
3,997
6,888
2,757
4,131
Service and limited-function wholesalers :t
Sales, estimated Cunadj.), total
mil. of dol._
Durable-goods establishments
do
Nondurable-goods establishments
do_ _ _
Inventories, estimated (unadj.), total
do
Durable-goods establishments
_ do
Nondurable-goods establishments
do
-244
274
r
304
321
'334
242
262
281
385
309
227
258
274
387
304
234
276
269
374
299
241
282
279
374
312
276
376
211
258
259
387
301
277
367
234
262
266
371
299
293
382
280
383
282
376
r
r
5,165
1 457
3 708
6, 983
2 849
4, 134
274
374
229
262
271
409
301
244
274
290
396
300
239
281
283
404
322
216
265
270
389
298
T
250
217
263
288
p292
397
P244
269
299
401
P307
278
235
P281
323
319
297
321
^333
290
285
p294
v 286
206, 104
63, 805
142, 299
268 483
85 639
182, 845
291 580
94 751
196, 829
229.0
207.9
270.7
208.4
237.5
273.6
242. 3
294 2
260.5
317 9
258.7
246.5
290.2
247 9
269.2
' 273. 2
246.5
305.5
260.9
299.1
264.8
249 0
287. 0
248 4
290.9
276 7
250. 5
312 6
254 5
311 1
' 5, 715
1 882
r
3 833
' 7, 216
3 022
' 4, 194
5,113
1 816
3 297
7,258
3 094
4,164
5,035
1 583
3 452
7, 054
2 908
r
4. 146
r
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:§
Total, including armed forces
_ thousands
Civilian population
_
do
148, 639
147, 145
148, 823
147, 354
149,014
147, 546
149,215
147, 752
149,452
147, 983
149, 703
148, 244
149, 947
148, 502
150, 183
148, 747
150, 397
148, 966
150, 604
149, 196
150, 808
149, 442
150, 998
149, 653
Employment status of noninstitutional population:
Estimated number 14 years of age and over,
total
thousands
Male
do
Female
_
_ ._
-do
109,373
53, 764
55, 609
109, 458
53, 799
55, 659
109, 547
53, 837
55, 710
109, 664
53, 898
55, 766
109, 760
53,939
55, 821
109, 860
53, 984
55, 876
109, 975
54, 036
55, 939
110, 063
54, 075
55, 988
110, 169
54, 121
56,048
110, 256
54, 160
56, 096
110, 344
54, 196
56, 148
110,442
54, 238
56, 204
110, 536
54, 279
56, 257
Total labor force, including armed forces
do
Armed forces
do
Civilian labor force, total
__
do
Male
do
Female
_._do
Employed
do
Male
do
Female
_
do_ _
A grirvtiltiirn,! employment
fin
Nonagricultural employment
do
Unemployed
do
62, 327
1,492
60, 835
43, 668
17, 167
57, 819
41, 463
16, 356
7,820
49, 999
3,016
63,452
1,469
61,983
43, 886
18,097
58, 694
41, 521
17, 173
8,974
49, 720
3,289
64, 866
1,468
63, 398
44, 832
18, 566
59, 619
42, 233
17,386
9,696
49, 924
3,778
65, 278
1,463
63, 815
45, 267
18, 548
59, 720
42, 422
17, 298
9,647
50, 073
4,095
65, 105
1,468
63, 637
45, 163
18, 474
59, 947
42, 644
17, 303
8,507
51, 441
3,689
64, 222
1,459
62, 763
44, 319
18, 444
59, 411
42, 085
17, 326
8,158
51, 254
3,351
64, 021
1,445
62, 576
43, 988
18, 588
59, 001
41, 426
17, 575
7,710
51, 290
3,576
64, 363
1,436
62, 927
44, 099
18, 828
59, 518
41, 783
17, 735
7,878
51, 640
3,409
63, 475
1,430
62, 045
43, 765
18, 280
58, 556
41, 293
17, 263
6,773
51, 783
3,489
62, 835
1,408
61, 427
43, 715
17, 712
56, 947
40, 453
16, 494
6,198
50, 749
4,480
63, 003
1,366
61, 637
43, 769
17, 868
56, 953
40, 343
16, 610
6,223
50, 730
4,684
63, 021
1,346
61, 675
43, 879
17, 796
57, 551
40, 877
16, 674
6,675
50, 877
4,123
63,513
1,330
62, 183
44, 120
18, 063
58, 668
41,492
17, 176
7,195
51,473
3,515
Not in labor force
47, 046
46, 006
44, 683
44, 385
44, 655
45, 638
45, 953
45, 701
46, 694
47, 420
47, 342
47, 422
47, 024
42, 966
14. 177
7,656
6,521
984
103
78
446
42, 731
13, 877
7,441
6,436
974
101
77
438
42, 835
13, 884
7,392
6,492
968
100
77
431
42, 573
13, 757
7,255
6,502
943
95
76
410
42, 994
14,114
7,302
6,812
956
94
76
425
43, 466
14,312
7,409
6,903
948
92
76
421
42, 601
13, 892
6, 986
6,906
593
65
76
100
42, 784
13, 807
7,050
6, 757
917
83
77
407
43, 694
14, 033
7,303
6,728
940
92
76
425
259
97
2,036
3,991
1, 387
161
641
55
507
260
98
2,137
4,021
1,416
159
639
55
509
262
98
2,205
4,031
1,410
159
637
53
515
264
99
2,277
4,007
1,381
158
638
52
520
263
99
2,341
3,992
1,375
157
633
52
521
261
99
2,341
3, 959
1,339
157
625
50
519
256
96
2,313
3,871
1,257
156
619
49
514
255
96
2,244
3,892
1,281
T
155
616
48
514
253
94
2,088
3,930
1,333
154
612
48
513
EMPLOYMENT
__do
Employees in nonagri cultural establishments:!
Total, unadjusted (U. S. Dept. of Labor)
thousands..
Manufacturing
do
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total __ _
do
Metal
do
Anthracite
do .
Bituminous coaL __
do._ _
Crude-petroleum and natural-gas production
thousands..
Nonmetallic mining and quarrying
do
Contract construction
__
do
Transportation and public utilities
do
Interstate railroads
do__
Local railways and bus lines
do
Telephone. _
do__
Telegraph
do
Gas and electric utilities
do
' 42, 125 ' 41, 667 ' 42, 263 P 42, 794
* 13, 980 ' 13. 996 ' 14, 094 P 14, 113
' 7, 342 ' 7, 325 ' 7, 418 v 7, 535
r
r
6, 638
6, 671
' 6, 676 p 6, 578
'861
'601
' 930
?935
91
'92
'91
*91
76
77
••354
'421
p423
'94
251
89
1,919
' 3, 869
1,316
153
608
47
512
252
'89
' 1, 860
' 3, 841
' 1, 290
152
605
46
511
251
90
1, 898
' 3, 873
1,315
152
605
45
513
r
PQ4
p 2, 042
p 3, 930
' Revised.
* Preliminary.
JThe following revisions in the adjusted indexe s of depart ment-store sales appe ar on p. 24 of the Ap ril 1950 Su RVEY: Atkinta, 1944- April 1948; Chicago, 1945- April 1948; Cle\ eland and
Minneapolis, 1946-March 1948; Kansas City, 1945-M arch 1948; Philadelpl:iia, 1944-M arch 1948. Revised c at a for Sari Francisco for 1919-4$\ are shown on p. 21 of the Maj- 1950 SUR VEY. Rewicirms: fr>r XTpw York and Richmond fnr 1Qd.fi T a n n a rir 1949 or P d \ 7 Q i l a h l i nrirm ran np«t
visions for New Vnrlr and "R i r>h mrm (\ for 1946-January 1Q4Q are available upon request. P U T
Current revisions for Dallas are tentative, pending completion of the revision for earlier periods.
Department-store sales indexes for the United States reflect all revisions in the districts and, therefore, are subject to further adjustment. Recent revisions of data on department-store
stocks, by districts, are reflected in the U. S. total which is also subject to further revision. The indexes of rural sales of merchandise have been recomputed on a 1935-39 base; data through
1948 appear in the 1949 STATISTICAL SUPPLEMENT. The series on wholesale trade have been revised back to 1939; monthly figures for 1946-48 and annual data beginning 1939 are shown on
pp. 18-20 of the October 1949 SURVEY; unpublished revisions are available upon request.
§Data for 1947 and 1948 (shown in the 1949 STATISTICAL SUPPLEMENT) have been revised; revisions prior to August 1948 are available upon request.
fRevised series. See note marked "f" on p. S-ll.
SUKVEY OF CURRENT BUSINESS
June i960
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-ll
1950
1949
April
June
May
July
August
September
October
November
December
January
9,246
2,511
6,735
1,332
1,187
701
r
1, 772
4,701
-•428
347
141
5,777
February
March
April
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Employees in nonagricultural establishments'!—
Continued
"Unadjusted (U. S. Dept. of Labor)— Continued
Trade
thousands
Wholesale trade
_
do
Retail trade
do
General-merchandise stores do
Food a n d liquor
_ _ _ _ _
do _
Automotive and accessories dealers__.do
Finance _ _
..
do
Service
do
Hotels and lodging places
do
Laundries
do
Cleaning and dyeing plants.
do
Government
do
Total, adjusted (Federal Reserve)
Manufacturing
__
Mining
Contract construction
Transportation and public utilities
Trade.
Finance
Service
Government
_
do
do
do
do
do___.
do ___
do
do
do
Production workers in manufacturing industries :f
Total (U S Dept of Labor)
thousands
Durable-goods industries
do
Ordnance and accessories.
do
Lumber and wood products (except furniture)
thousands
Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do_.
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
thousands. _
Primary smelting and refining of nonferrous metals
__ -thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment) ^__thous_ _ _
Heating apparatus (except electrical) and
plumbers' supplies,
thousandsMachinery (except electrical) __ _ do
Electrical machinery
_ _ _ _ _ _
do
Transportation equipment
. do
Automobiles.
do
Aircraft and parts
do
Ship and boat building and repairs
do
Railroad equipment .
..do
Instruments and related products
do
Miscellaneous mfg. industries
___do
Nondurable-goods industries
do
Food and kindred products __
__do
Meat products
do. _.
Dairy products
do
Canning and preserving
do
Bakery products
_
do
Beverages
do
Tobacco manufactures _
do
Textile-mill products
__do_. ..
Broad-woven fabric mills
___ do...
Knitting mills
do
Apparel and other finished textile products
thousands
Men's and boys' suits and coats _ do
Men's and boys' furnishings and work
clothing
thousands
Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills. _ .do
Printing, publishing, and allied industries
thousands
Newspapers
do
Commercial printing
do
Chemicals and allied products
..do
Industrial organic chemicals. _
do
Drugs and medicines
do
Paints, pigments, and
fillers
do __.
Products of petroleum and coal
_do
Petroleum refining
_ _ do
Rubber products
do
Tires and inner tubes.
__
do
Leather and leather products
_ do
Footwear (except rubber)
do
Manufacturing production-worker exmployment
index, unadjusted (U. S. Dept. of Labor) f
1939=100-.
Manufacturing production-worker employment
index, adjusted (Federal Reserve) t
1939=100
r
Revised.
Preliminary.
' 9, 201
' 2, 481
' 6, 720
' 1, 384
' 1, 194
'697
' 1, 790
' 4, 708
'431
345
142
5,769
9,342
2,482
6,860
1,434
1, 203
661
1,763
4,804
464
353
153
5,813
9,336
2,491
6,845
1,401
1,208
670
1,774
4,834
487
361
154
5,803
9,220
2,472
6,748
1,356
1,201
679
1,780
4,851
511
364
151
5,738
9,213
2,515
6,698
1,337
1,181
688
1,780
4,836
504
358
144
5,763
9,409
2,538
6,871
1,432
1,192
692
1,771
4, 833
475
356
147
5,893
9,505
2,554
6,951
1,489
1,200
696
1,767
4,794
451
350
147
5,866
9,607
2,538
7,067
1,588
1,208
704
' 1, 766
4,768
445
348
145
5,783
10, 156
2,542
7,614
1,987
1.217
717
1,770
4,738
443
347
143
6,041
43, 263
14, 316
987
2,121
4,008
9,516
1,748
4,792
5,775
43, 027
14, 095
975
2,116
4,024
9,475
1,754
4,804
5,784
42, 896
14,007
965
2,100
4,003
9,456
1,756
4,786
5,823
42, 711
13, 917
939
2,128
3,968
9,368
1,755
4,777
5,846
42,864
13, 979
949
2,167
3,947
9,420
1,762
4,788
5,852
43,068
14, 108
943
2,188
3,939
9,453
1,780
4,785
5,872
42, 163
13, 706
591
2,203
3,877
9,386
1,785
4,770
5,845
42, 385
13, 695
917
2,200
3,895
9,303
1,784
4,768
5,820
42, 710
13, 922
940
2,131
3,930
9,426
1,788
4,762
5, 811
' 42, 544 ' 42, 252 ' 42, 730 v 43, 134
' 14, 016 ' 14, 020 14, 120 v 14, 245
'610
'936
'867
P938
2,086
2, 109
' 2, 090
P 2, 127
r
3, 874
3,901
3,906
v 3, 950
' 9, 367 ' 9, 325
9,336
p 9, 402
r
' 1, 786
1,790
1. 781
p 1, 792
' 4, 768
4,780
4,748
p 4, 779
5,784
5,779
5,776
p 5, 901
11,616
6,262
23
11,324
6,057
21
11, 337
6,022
21
11,211
5,894
19
11, 561
5,947
18
11,775
6,060
18
11, 368
5,651
18
11, 289
5,719
17
11, 504
5, 961
17
' 11, 449 ' 11, 457 ' 11, 549
' 5, 979 ' 6, 070
' 6, 000
17
17
18
659
389
268
416
105
1,028
672
399
259
414
106
991
686
410
257
409
105
971
676
407
253
400
101
934
686
414
263
412
107
932
684
416
277
414
107
938
689
414
284
411
108
559
692
413
283
411
108
743
682
404
289
412
107
955
••642
381
289
403
106
963
'651
384
297
408
108
977
'676
399
'301
410"
109
'981
545
534
523
506
498
499
131
325
507
511
'512
507
* 9, 316
P 2, 476
v 6, 840
P 1, 448
P 1, 203
P701
* 1, 801
p 4, 755
v 5, 902
P 11, 556
p 6, 177
pl8
P680
p303
P416
p 1, 004
47
45
45
42
41
42
39
38
41
43
'45
46
706
683
679
671
688
708
677
666
688
693
699
710
103
1,066
560
1,012
649
192
93
69
181
343
97
1,014
538
955
601
187
92
67
177
333
94
977
518
995
646
187
88
66
176
333
92
939
505
1,014
670
192
86
59
170
313
100
927
507
998
678
185
80
47
169
347
110
935
531
1,017
686
191
74
56
172
366
116
922
548
986
666
188
69
53
174
383
113
908
546
898
582
184
71
51
174
381
111
929
559
896
585
184
69
50
173
361
'107
'937
561
'978
'675
'184
66
46
172
'345
112
'959
'572
'872
'567
184
'67
46
'171
356
114
'980
'579
'881
578
184
67
44
'172
'362
5,354
1,071
217
108
125
186
140
82
1,100
530
207
5,267
1,095
221
115
131
188
148
82
1,087
526
202.
5,315
1,153
226
122
169
192
152
84
1,083
525
203
5,317
1,224
227
122
220
191
169
82
1,057
518
200
5,614
1,350
229
116
339
194
165
91
1,092
530
211
5,715
1,340
230
110
322
196
157
94
1,132
547
219
5,717
1,273
236
104
232
199
149
92
1,168
565
227
5,570
1,185
242
99
160
195
146
89
1,184
572
230
5,543
1,139
251
96
136
190
141
87
1,187
574
227
' 5, 449
1,078
244
95
117
186
135
85
' 1, 177
'568
223
5, 478
1,056
232
97
109
188
134
81
' 1, 184
'572
223
5,479
'1,060
229
99
109
189
139
'78
' 1, 185
575
221
p 5, 379
p 1, 056
1,008
134
956
118
959
122
942
116
1,040
131
1,082
133
1, 083
129
1,028
118
1, 040
127
' 1, 032
130
' 1, 065
135
' 1, 058
135
P995
241
289
377
196
239
257
372
194
236
258
369
192
221
263
365
188
235
306
371
191
246
319
384
197
252
308
392
200
251
280
393
201
247
296
390
200
'241
'302
385
199
'244
'314
386
199
495
140
163
495
148
61
44
188
149
190
89
348
228
494
141
162
476
142
60
43
188
149
185
87
332
216
494
142
163
464
139
60
43
189
150
181
86
339
223
485
141
162
453
136
59
41
189
150
177
82
342
226
486
141
161
458
135
60
42
190
150
180
81
356
234
495
144
163
478
140
61
42
189
149
167
64
354
230
500
144
166
488
141
62
44
185
148
187
81
349
224
500
145
165
485
143
62
44
188
148
186
81
332
208
501
145
168
484
144
62
44
185
146
187
82
343
224
493
'142
167
480
144
62
44
184
145
187
83
348
'231
495
146
' 165
'484
144
59
45
183
144
187
83
'357
235
141. 8
138.2
138.4
136.9
141.1
143.7
138.8
137.8
140. 4
139.8
' 139. 9
143.4
140.8
139.9
138.9
139.6
141.3
136.6
136. 5
139.0
140.2
' 140. 1
(1)
groups are shown on p. 24 of the November 1949 SUKVEY; revisionsldr the adjusted series on employees in nonlgTiculturaFe^^^
SURVEY. All unpublished revisions are available upon request.
9,154
2,493
6,661
1,359
1,188
699
1,777
4,696
'430
345
140
5,742
9,478
2,504
6,974
1, 515
1,204
658
1,757
4,768
451
347
150
5,775
245
305
389
200
'497
147
165
'486
145
58
45
'182
143
187
84
'357
235
P723
p 1, 000
P594
p 900
pl73
P366
P76
p 1, 172
P390
p497
P489
P176
P189
P339
141.0
p 141.1
'141.2
p 142. 6
SURVEY OF CURKENT BUSINESS
S-12
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
April
May
June
July
August
Septem-
October
November
December
January
220, 000
54, 603
115, 154
February
March
April
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal and State highways total §
number
Construction (Federal and State)
do
Maintenance (State)
-do. .
Federal civilian employees:
United States _ _ _ ^
thousands District of Columbia
do _ _
Railway employees (class I steam railways) :
Total
- - -thousands
Indexes:
Unadjusted
1935-39=100-Adjusted
-- --do_
238, 605
80, 881
111, 169
268, 525
106, 743
113, 965
295, 071
124, 025
120, 469
314, 414
137, 965
124,931
327, 536
146, 144
128, 631
320,842
143, 585
125, 032
310, 606
137, 971
122, 022
278, 309
107, 399
120, 798
240, 059
72, 406
117, 596
1,922
215
1,933
216
1,929
217
1,923
217
1,915
214
1,886
213
1,846
211
1,835
211
1,829
1213
1,801
1
213
1,245
1,267
1,261
1,238
1,231
1,196
1,116
1,141
1,183
1,180
' 1, 154
p 1, 177
p 1,217
119.1
121.0
121.2
121.7
120.6
119.0
118.4
116.0
117.8
115.4
114.2
111.5
106.9
103.4
109.2
108.2
112.7
114.5
112.8
117.3
' 110.3
' 113.0
v 112. 5
f 115.3
» 116 4
*> 118. 3
319.2
312.8
315.7
312.8
323.0
335.1
320.9
313.9
329. 3
329.2
' 329. 9
333.5
38.4
39.0
36.7
38.6
39.0
40.3
38.8
39.2
39.7
38.8
38.8
40.3
39.1
39.3
39.7
39 6
39.6
40.3
39.7
39.9
40.3
39.1
39.0
40.2
39.8
40.1
40.7
39.7
40.0
40.2
39.7
40.1
40.4
39 7
'40.2
'40.6
?39 7
p 40 8
^40.4
40.5
40.6
38.7
39.3
38.2
38.4
41.1
41.1
38.5
39.6
39.1
38.0
40.7
40.7
39.0
39.4
38.9
37.6
39.4
39.3
38.6
38.7
37.9
36.9
40.7
40.8
40.5
39.6
39.0
37.6
40.7
40.6
41.0
39 6
38.2
37.6
41.7
41.6
41.7
40.4
39.5
37.5
41.0
41.0
41.2
40.0
39.2
36.4
41.3
40.8
42.2
40.3
39.7
39.4
'39.2
'38.3
'41.1
r
39.8
39.7
39.5
'39.9
'39.4
41.6
'40.0
39.8
'39.6
'40.3
39.9
'41.8
'40 1
39.9
38.9
*>40. 8
39.4
38.7
37.7
36.4
37.6
37.1
34.0
34.4
39.3
39.3
39.3
37.4
41.3
40.7
40.5
39.1
39.4
39 6
40.7
39.4
40.5
'41.3
'40.3
40 7
38.7
39.0
39.2
39.3
39.6
40.2
40.1
39.2
40.5
'40.3
'40.3
40.4
36.6
39.1
38.5
38.7
38.6
39.4
38.2
38.6
39.3
39.0
37.1
39.2
38.8
38.2
37.3
40.5
38.1
39.2
39.5
39.0
37.3
39.2
39.0
39.5
39.4
40.5
38.4
39.0
39.2
39.4
37.7
39.0
38.7
39.9
40.3
39.9
38.4
37.7
39.0
39.0
39.5
39.1
39.1
39.7
39.8
40.2
37.3
38.4
39.0
38.9
40 3
39 3
40.0
40 1
40.4
40 6
37.7
38.1
39.5
40 2
41.4
39.2
40.4
39.1
39.0
40.5
36.4
38.5
39.8
40.7
40.0
38.5
40.0
37.3
36.2
41.5
34.8
38.3
40.0
40.9
40.5
39.7
40.6
38.9
38.2
41.2
38.4
38.7
'40.0
40.9
39.7
39.8
40.5
MO. 5
'40.9
40.7
'37.8
38.0
39.7
'40.2
39.7
40.4
40.5
'39.6
'39.5
40.7
'37.3
39.3
39.8
40.2
40 1
40 6
'40.6
40 2
40.4
40 5
38.2
39 2
40.0
'40 3
37.6
40.6
39.9
44.6
36.5
42.0
40.9
34.7
35.7
35.2
35.1
38.1
41.3
40.7
45.2
37.4
42.1
41.8
35.7
35.4
34.6
35.3
38.5
41.6
40.4
45.8
38.3
42.2
42.1
38.0
36.3
35.7
36.2
38.7
42.2
41.8
45.7
39.7
42.2
42.7
37.4
36.6
36.3
36.3
38.9
41.7
41. C
45.0
40.8
41.5
41.4
38.7
37.6
37.6
37.0
39 6
41.8
41 6
44.4
40 1
42 1
40 7
38 9
38 6
38.5
37 8
39.6
41.7
41.1
44.2
40.0
41.6
40.5
38.2
39.4
39.6
38.9
39.3
41.6
42.9
43.9
37.1
41.4
40.1
38.0
39.5
39.8
38.4
39.5
41.4
43.4
44.1
36.6
41.3
39.7
'38.0
39.8
40.3
37.6
'39.4
41.4
'42.9
'44.5
38.2
'41.1
'39.7
38.0
39.4
40.0
36.8
39.3
40.7
40.4
43.9
37.8
41.6
'39.7
'36.2
39.6
40.1
'37.2
'39 2
40.7
40 2
43.7
36 9
41 7
39 9
'36 6
39 2
39.8
37 0
34.4
34.5
35.5
34.2
35.4
33.3
35.4
33.4
35.7
33.5
36.8
35 4
36.5
34.3
35.7
32.9
35.9
34.7
'36.0
'35.4
36.6
36.9
'36.5
37 7
35.2
33.4
40.3
41.2
36.1
35.0
40.4
41.1
35.8
34.6
40. 7
41.1
36.1
33.9
41.1
41.8
36.4
34.2
41.8
42.6
36 9
35 8
42 6
43.0
37.5
34.2
43.1
43.7
36.8
33.6
43.0
43.6
36 8
34.5
42.9
43.6
'36.2
'35.0
42.2
43.0
36.4
'35.8
42.5
43.4
36 2
35 6
r 42 6
43.4
38.4
37.6
39.3
40.6
38.8
40.1
41.1
40.1
39.8
36.9
35.4
35.8
35.1
38.7
37.8
39.7
40.7
39.2
40.4
40.7
40.7
40.5
37.7
36.3
35.1
34.0
38.7
37.4
40.0
40.8
39.2
40.2
41.2
40.2
39.9
38.2
36.6
36.5
36.0
38.6
37.1
39.8
40.6
39.3
40.0
40.9
40.7
40.4
38.4
36.6
37.0
36.8
38.5
36.8
39.6
40.5
39.2
40.0
41.1
40.3
39.8
38 3
36.0
37.2
36.7
39.1
37.5
39 9
41 4
39.8
40 4
41.5
41.1
40 5
40 3
39.1
36 8
36.0
38.6
37.5
39.5
41.7
39.9
40.6
41.4
41.0
40.3
39 4
37.3
36.5
35.1
38.6
37.2
39.3
41.5
40.0
40.7
41.0
40.0
40 0
38 4
36.9
35 1
33.3
39.3
38.1
40.3
41.6
40.2
40.6
41.0
39.9
39 7
39 2
37.3
37 1
36.2
'38.5
'36.5
40.0
41.3
. 40.3
40.6
' 41.0
40.7
'40 7
39 4
'38.4
37 7
'37.4
'38.3
'36.6
39.4
'41.0
40.0
40.8
41.3
39.9
39 7
r 39 7
'38.5
38 1
37.8
'38.6
36 9
39 6
r 41 i
40 0
40 9
41 7
'39.7
39 6
r 39 3
37.8
r 37 9
37.4
213, 825
48, 858
114, 714
1,801
1213
225 918
60 333
114, 891
2
1. 940
i 2 214
2
1,939
1 2 214
PAY ROLLS
Manufacturing production-worker pay roll index,
unadjusted (U S. Dept of Labor) f 1939=100 LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :f
All manufacturing industries
hours
Durable-goods industries
_ __
do
Ordnance and accessories
do
Lumber and jwood products (except furniture)
_ -_
.hours.
Sawmills and planing mills
do
Furniture and fixtures _
do.- _
Stone, clay, and glass products
do
Glass and glass products
__
__do
Primary metal industries
_.
do_ .
Blast furnaces, steel works, and rolling mills
hours _
Primary smelting and refining of nonferrous
metals
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment) _ . hours. _
Heating apparatus (except electrical) and
plumbers' supplies
__ hours
Machinery (except electrical)
_ _ do
Electrical machinery
do
Transportation equipment _
do
Automobiles
do
Aircraft and parts
_
do
Ship and boat building and repairs _ do_ __
Railroad equipment
do
Instruments and related products
do __
Miscellaneous mfg. industries
do
Nondurable-goods industries
Food and kindred products
Meat products _ _ _ _
Dairy products
Canning and preserving- __
Bakery products
Beverages __
Tobacco manufactures
Textile-mill products ._
Broad-woven fabric mills
Knitting mills
__
do
___do
do
do
do
do
do
do
do
_do
do
Apparel and other finished textile products
hours __
Men's and boys' suits and coats _ do
Men's and boys' furnishings and work
clothing
hours
Women's outerwear. __
do
Paper and allied products
do
Pulp, paper, and paperboard mills do
Printing, publishing, and allied industries
hours.
Newspapers
do___
Commercial printing
do
Chemicals and allied products
__ do _
Industrial organic chemicals
_do-__
Drugs and medicines
do _ _ _
Paints, pigments, and
fillers
do _ _
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
42.6
40.6
42.2
39.4
Metal
_
do
39 5
40 1
42 3
35 7
42 0
42 3
39 6
30.6
34.1
23.4
Anthracite do
35.0
23.4
23 9
39.2
35 7
22 0
20 6
31 8
37.4
25.1
37.5
Bituminous coal.
_ __ . _ do___
30.7
26.1
'24.5
31.9
25 4
' 24 5
34 1
27 0
Crude-petroleum and natural-gas production:
Petroleum and natural- gas production
39.9
40.6
39.7
40.3
hours- 40.1
40.4
41.2
40.0
'41.8
'38.2
40.0
43.3
Nonmetallic mining and quarrying... do __
44.3
43.8
43.4
44.3
43.2
44.2
'41.1
42.7
42.4
'41.4
37.3
38.5
38.5
Contract construction
do
38.6
38 7
38 3
37 7
37 1
36 4
35 2
34 3
42.2
40.1
Nonbuilding construction
do
41.7
41.9
42.4
40.9
41.8
39.9
37.4
37.6
38.3
37.1
36.4
37.2
Building construction
do
37.1
37.2
36.5
36.9
36.1
34.8
33.6
35.8
J
'Revised.
» Preliminary.
Data include all of Fairfax County, Virginia, and Montgomery and Prince Georges Counties, Maryland.
2
Data for the United States include 145,055 decennial census enumerators for March and 130,873 for April; the number of such employees is not available for the District
§Total includes State engineering, supervisory, and administrative employees not shown separately.
tRevised series. See note marked "t" on p. S-ll.
p41 2
f 40 1
*>40 4
^40.5
P 41 l
v 40 5
p 42 0
» 39 7
p 40 2
P 38 5
^40.4
f 34 7
P 37 9
P35.2
p 42 2
^38.4
p
41 0
*>40.6
p 4.0 7
p
36 0
41 5
41 5
39 3
37.0
41 4
35 2
38.4
34.6
of Columbia
SURVEY OF CURRENT BUSINESS
June 1 5
90
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-13
1950
1949
April
May
July
June
August
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc. f— Continued
Nonmanufacturing industries — Continued
Transportation and public utilities:
Local railways and bus lines _ . __ hours .
Telephone
_
do
Telegraph
do
Gas and electric utilities
do _ .
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food arid liquor
do
Automotive and accessories dealers. . do
Service:
Hotels, year-round
_
do
Laundries
do
Cleaning and dyeing plants __ __ do
Industrial disputes (strikes and lock-outs) :
Beginning in month:
Work stoppages
number
Workers involved
thousands
In effect during month:
Work stoppages
number
Workers involved
_ _ thousands
Man-days idle during month
do
Percent of available working time
U. S. Employment Service placement activities:
Nonagricultural placements
thousands _ _
Unemployment compensation (Soc. Sec. Admin.):
Initial claims
thousands
Continued claims
do
Benefit payments:
Beneficiaries, weekly average. . _
do
Amount of payments
thous. of dol
Veterans' unemployment allowances:
Initial claims
__
thousands
Continued claims.
__ do._
Claims filed during last week of month _ _ .do
Amount of payments
thous. of dol
Labor turn-over in manufacturing establishments:
Accession rate. _ .monthly rate per 100 employees. _
Separation rate, total
thousands
Discharges
_
do
Lay-offs
do
Quits
_
_ ___ ___ do
Military and miscellaneous
do
45.2
38.2
45.3
41.3
44.9
38.6
45.2
41.3
46.0
38.4
45 0
41.3
45.1
38.5
45.4
41.3
44.7
38.4
45 1
41.4
44.3
38.6
44.5
41.4
44.2
38.7
44.5
41.7
44.1
38.8
43.7
41.5
44.5
38. 4
43 7
41.8
M4.2
38.5
44.1
Ml. 7
40.6
40.7
40.6
40.8
40.7
40.7
40.9
40.6
40.9
40.6
37.2
41.1
45. 6
36.6
40.2
45.5
36.4
40.3
45.9
36.3
40.1
45.6
38.1
40.3
45.8
' 36. 9
r
40. 0
T
45. 8
44.4
38.6
44.1
Ml. 3
44.2
38.5
44. 1
41.3
40.2
40.3
36. 7
40.0
M5.4
36.7
39.9
45.7
r
36*. 6
40.0
45.7
36.3
39.7
45.8
36.8
40.4
45.5
37.2
41.1
45.6
44.2
41.8
42.4
44.7
42.4
42.7
44.1
41.6
42.3
44.1
41.5
41.0
44.2
40.8
39.5
44.1
41.2
41.7
44.2
41.1
41.1
44.0
40.9
40.9
43.8
41.2
41.0
M3.9
41.5
Ml. 2
43.8
40.9
39.9
43.7
41.0
40.6
360
160
449
231
377
572
343
110
365
134
287
507
256
570
197
57
170
46
225
185
210
75
260
80
531
208
678
309
632
673
603
249
643
232
3, 430
4,470
2,350
536
603
1,880
2,140
6,270
.3
.5
.4
.6
3
.9
475
977
17, 500
2 7
388
914
323
417
340
300
1 350
2,600
400
530
325
515
6,270
10
7, 850
13
.4
9
3,750
.5
400
160
550
300
3, 150
5
363
403
400
369
452
466
418
350
312
305
289
368
406
1,800
7,886
1,662
8,366
1,522
8,778
1,383
7,467
1,252
8,353
1,013
7,084
1,363
8,363
1,545
7,584
1, 630
8,259
1, 725
9,000
1, 240
8,068
1,294
8, 261
1,543
6, 656
1,598
136, 558
1,718
146, 712
1,809
154, 695
1,717
148,767
1,952
170, 629
1,744
154, 079
1,528
135, 707
1,698
152, 170
1,889
170, 580
2,078
186, 383
2,027
167, 212
r 2, 098
187, 215
1, 558
138, 954
279
29
268
29
280
29
289
23
258
20
275
14
187
299
331
446
2,608
592
50, 423
2,358
539
44, 618
2,486
586
45, 797
2,569
582
48, 939
52
936
31
385
113
24, 135
31
265
83
8, 775
62
5,467
60
5 291
61
5 474
66
5, 753
63
5, 009
2.9
4.8
3.5
5.2
4.4
4.3
3.5
3.8
4.4
4 0
4.1
4 2
3.7
4 1
3.3
4 0
3.2
3 2
3.6
3. 1
r
3.2
3.0
.2
2.8
1.7
.1
.2
3.3
1.6
.1
.2
2.5
1.5
.1
.2
2.1
1.4
.1
1.8
1
.2
1.8
2.1
.1
.3
18
.2
.2
.2
2
1. 7
58
5, 713
r
43
3 838
2
3.6
2 9
P3. 5
P2 9
P 2
P13
1.2
1
r
.2
P! 3
2 3
2 5
1.5
.1
1.2
1
1.0
1
1.1
.1
1.0
56.29
59. 40
60. 70
56.37
59.47
60.88
r
56. 53
59 78
61. 31
P 56 89
p 61 04
p 60 88
M8 02
47. 38
51 13
55. 32
59. 31
63.79
50 79
50.83
52 12
55.60
59.22
63.44
T 52 19
51.87
52 38
r 55 70
59.09
r 62 32
p 52 71
r
64.81
61 60
19
1. 7
.1
WAGES
Average weekly earnings (U. S. Department of
Labor) :f
All manufacturing industries.
dollars
Durable-goods industries
do
Ordnance and accessories.
_ do
Lumber and wood products (except furniture)
dollars
Sawmills and planing mills
do __.
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
__
do
Blast furnaces, steel works, and rolling
mills
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment) . dollars _ _
Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical)
do
Electrical machinery _ _ _ _ _ _
do
Transportation equipment
do
Automobiles..
___
do
Aircraft and parts.
do
Ship and boat building and repairs. _ _ d o
Railroad equipment
. do__
Instruments and related products
do
Miscellaneous mfg. industries
_ _ do
53.80
57.21
54.13
54.08
57.21
59.32
54.51
57.82
58.72
54.63
57.31
59.64
54.70
57.89
58.44
55.72
58.69
59. 76
55.26
58. 17
59.97
54.43
56.82
57.82
56.04
59 19
60 85
51 52
52.29
47 60
53.37
55.39
60.83
52 94
53.76
47 59
53 90
56.81
60 08
52 91
53.56
48 36
53.58
55.98
59.82
50-75
51.25
47.86
52.94
55.22
58.63
52 87
53. 53
49 69
54. 17
56. 08
59.45
52 83
53.35
50 72
54 73
55.89
60.42
54 17
54.54
51 42
55. 51
57. 04
58 35
52 48
52.89
50 72
55 28
57.19
57 48
52 66
52.31
52 50
55 65
58.16
62 92
64.69
63 24
62.21
59.88
61.33
62.07
55.90
56 48
64 65
61.95
61.05
60.71
59.00
58.39
59.24
59.87
58 43
59 60
T
62 07
59 93
61 01
59. 93
* 59. 68
«• 59. 75
65 83
r
P 51 38
v 55 78
•P 65 08
56.19
56.67
57.39
57.61
58.13
59.25
58. 51
56.88
59.66
r
53.99
59.55
55.59
63.58
64.77
60.99
62.50
62.42
54.51
48.95
54.61
59.70
55.99
63.03
63.22
62.98
61.61
63.39
54.83
48.83
54.72
59.94
56. 16
65.49
66.94
62.94
62. 82
62.71
54.61
49.72
54.85
59.67
56.00
66.27
68.67
62.08
61.94
60.32
54. 37
48.75
57.63
59. 86
56. 73
65 90
67. 78
62.07
60.05
62.05
54 25
4S 51
59.56
60.44
57. 88
67 13
69. 33
63 58
61.00
61 84
55 26
50 57
55.58
60.21
57 97
64 75
65. 87
63 67
59.11
62 49
56 08
51 44
59.32
59.21
57 36
61 92
61.03
66 69
56. 97
63 16
56 52
51 70
60.39
61 30
58 63
65 31
65 44
66 41
62.86
63 39
56 84
52 23
r
59. 23
61 57
r
58 44
r
68 12
r
70 14
65 20
r
61. 46
r
61 60
56 49
r 51 78
59.55
r
62. 70
58 52
T gg 41
r
67 47
65 65
r
60. 95
r
64 61
r 56 75
T 51 62
60.31
r
63 34
T 58 79
r 67 54
69 25
65 29
62.53
63 07
57 28
T 51 91
51 55
54. 69
58.02
55. 71
43.59
52.62
68.79
38 19
43 26
42.87
40.44
51 31
53 00
56.87
54 72
44.27
51. 83
66 24
38 58
44 37
44 41
41.11
52 59
53 63
57. 78
55 28
44 79
52.88
64 92
38 39
45 82
45 74
42.22
59 47
53 83
56 51
54 76
45 92
52.29
64 40
37 86
47 04
47 52
43.68
52 07
54 16
60 23
53 95
41 29
52. 12
63 60
38 46
47 20
47 76
43.28
52 69
54 57
60 98
54 29
43 26
52. 16
03 1 2
38 76
47 64
48 40
42'. 34
r 52 91
53 06
r 54 13
r 56 12
54 88
r 53 08
54 50
56 08
54 54
r 45 05
53.17
65 00
P 52 24
P 54 34
T oq 01
p oo 97
r 47 39
47 76
r
43! 51
p 45 63
Nondurable-goods industries
do
49.67
50.41
50 97
Food and kindred products
do
52.33
53.44
53. 62
Meat products
_
do
54.98
56.17
55.87
Dairy products
do_
54.10
54.47
55.23
Canning and preserving _
do
43.65
42.63
43.07
Bakery products
do
51.07
51.61
52.29
Beverages
do___
62.29
64.54
65.59
Tobacco manufactures _ ._ _
do
35.15
36.27
38 57
Textile-mill products
.
do
42. 20
41.91
42.98
Broad-woven fabric mills
do
41.08
40.52
42.09
Knitting mills
_
do
39.87
40.07
40.73
r
Revised.
v Preliminary.
fRevised series. See note marked "f" on p. S-ll.
T
r
T
r
r
r 54 94
r 60 19
r 55 67
r 45 15
r
52. 07
r 63 52
r 39 95
r 47 36
r 48 16
T
4L 73
r 45 10
53. 00
r 64 12
r 38 41
T 47 84
48 12
r
43'. 38
p 60. 02
p 64 57
P 58 64
p 71 57
P 56 77
p 51 74
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1050
1950
1949
April
May
June
July
August
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average weekly earningsf — Continued
All manufacturing industries— Continued
Nondurable-goods industries — Continued
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 _
Drugs and medicines
do
Paints, pigments, and
fillers
_ do _ _
Products of petroleum and coal
do
Petroleum refining
_ . _ . do.
Rubber products
do
Tires and inner tubes -. . _
do.
Leather and leather products
do
Footwear (except rubber)
do ._
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars ..
Nonmetalic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
_ . __
do
Telegraph
do
Gas and electric utilities
do __
Trade:
Wholesale trade.
do . _ _
Retail trade:
General-merchandise stores
. __do
Food and liquor
do
Automotive and accessories dealers. ..do
Finance:
Banks and trust companies.
.do _.
Service:
Hotels, year-round
do__
Laundries
do
Cleaning and dyeing plants
do. _ _
Average hourly earnings (U. S. Department of
Labor) :f
All manufacturing industries
dollars. _
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars. _
Sawmills and planing mills
do __
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars. _
Primary smelting and refining of nonferrous
metals
dollars. Fabricated metal prod, (except ordnance, machinery, transportation equipment)_dollars- _
Heating apparatus (except electrical) and
plumbers' supplies
dollars. _
Machinery (except electrical)
do
Electrical machinery. do Transportation equipment
do
Automobiles .
do. .
Aircraft and parts do
Ship and boat building and repairs. ._do
Railroad equipment
.
do
Instruments and related products
do
Miscellaneous mfg. industries . _
do
39.53
46.30
39.94
46.00
40.11
43.86
41.95
44.96
44.01
47.90
42.63
46.20
41.82
46.64
40.38
44.48
' 42. 70
r
47. 72
44.43
49. 56
r
35. 71
52. 77
57. 72
61.63
r
r
35. 73
50. 30
T 58. 06
61.85
r 72. 07
78. 67
71 32
r
60. 13
62. 60
58. 69
62. 59
r
71 . 66
75. 04
- 60. 17
66 30
* 44. 08
42.15
43. 73
51.05
32.49
45. 42
53. 48
57. 35
33. 36
45.61
53. 73
57.58
32.76
46.33
54.54
57. 95
33. 03
48.51
55.57
59.65
32.80
50.40
56.26
60.32
33.87
53. 13
57.64
61.06
34.35
49.49
58.36
62.10
33. 82
45.80
.58.31
62.09
33.82
49. 13
58.09
62.09
33. 63
r 50. 86
• 57. 56
r
61.62
69.39
78. 43
68.42
57. 45
59. 17
55. 78
59.92
71.26
73. 95
55. 50
60. 92
40.74
38.68
70.40
80.02
69.51
58.20
60.09
56.68
59.22
72.12
75. 21
57. 08
63. 20
40. 05
37.37
70.47
78.73
70.80
59.08
60. 56
56. 28
59. PO
71.84
74.73
58. 29
64.09
41.46
39.24
70.45
78.02
70.05
59.44
61.50
56.40
59.31
73.59
76.60
58.37
64.45
41.74
39.93
70.69
77.80
69.66
58. 77
60.68
56. 32
59. 51
72.38
75. 10
57.72
62.32
42.00
40.04
72.02
80.14
70.22
59. 66
62.33
56. 96
60.88
74.47
77.11
61.01
69.95
41.99
39.74
71.22
80.06
69.84
59.51
62.20
57. 16
60.90
74.09
76.13
59.57
64.83
41.72
38.61
70.91
79.05
69.36
59.43
62.44
57. 51
60.43
72.12
75.44
57.91
63.91
40.08
36.40
72.27
81.50
71.17
59 78
62.75
57.21
60. 80
71.74
74. 83
59. 04
64. 79
42.03
39.20
r
73. 79
* 77. 41
60. 52
«• 67. 70
' 42. 90
r
40. 77
70. 86
77. 04
70. 64
r 59. 78
62. 56
58. 22
' 61. 91
r
71. «2
74.99
r
60. 94
r
67. 80
r
44. 01
r
42. 18
64.71
56.82
72.33
63.72
63.63
72.98
60.53
45.28
59.90
58.75
66.08
47.94
58.18
42.80
49.51
58.96
59.24
52.46
59.63
75.81
63.10
52.73
67.94
68.17
62.96
42.22
48.74
' 64. 17
44.60
r
47. 36
r
63. 41
40.23
' 48. 04
70. 30
56.38
69.86
68.47
70.33
71.78
58.17
71.70
71.42
71.81
70.59
57.82
71.41
71.34
71.44
72.54
56.77
71.55
72.20
71.28
70.74
57.86
72.13
72.56
71.95
72.40
56.68
70.73
70.82
70.69
73.87
57.77
72.06
72.71
71.80
71.20
55.77
70.12
69.90
70.21
71.52
55.08
69.75
68. 15
70.26
T
r
68. 38
54.01
67.26
66. 63
67. 23
65. 93
54. 65
69.27
68. 12
69. 55
64.64
50.58
63. 37
62.82
64.48
51.84
63.69
63.40
66.01
51.46
62.96
63.64
65.21
51.90
63.97
64.02
64.46
51.57
63.64
63.92
64.55
52. 61
62.83
64.75
64.31
53.29
62.97
65.72
64.17
54.40
62.05
65.03
65.10
52. 49
62.23
66.04
' 65. 11
53.13
62.84
' 66. 09
' 65. 45
53.73
62.97
r
64. 84
65. 42
53.01
62. 93
64.96
' 58. 17
P 40. 87
69 42
80.01
79 15
58. 68
r
70. 49
r 76. 43
70. 80
' 60. 05
r
63. 63
' 57. 37
r
r
r
r
76. 24
53. 36
68.01
65.56
68.76
r
r
r
r
p 57. 52
p 71.81
p 60. 31
p 73. 57
P 64. 75
Ml. 87
57.12
57.83
57.49
58.18
57.10
57.35
58.36
57.86
58.20
>• 58. 14
34.26
49.08
59.50
34.85
48.99
60.00
35.62
50.26
59.70
35.86
51.13
59.83
35.75
51.00
59.55
35.17
50.57
59.51
34.64
50.25
59.39
34.30
50.37
58.78
36.12
50.54
58. 26
«• 35. 68
' 50. 68
r
58. 72
35. 23
50.92
r
57. 89
35. 16
50.87
59.04
43.49
44.05
43.10
43.80
43.10
43.62
43.94
43.96
43.95
' 45. 29
45.57
45.41
32.35
35.24
42.15
32.99
36.04
43.17
32.85
35.32
42.17
32.90
35.03
40.43
32.93
34.27
38.63
32.90
34.69
41.28
32.84
34.57
40.15
33.13
34.23
39.96
33.24
34.77
40.47
' 33. 06
' 35. 15
«• 40. 75
33.38
34.44
* 39. 06
32.82
34.69
40.11
1.401
1.467
1.475
1.401
1.467
1.472
1.405
1.475
1.479
1.408
1.477
1.480
1.399
1.473
1.472
1.407
1.482
1.483
1.392
1.458
1.488
1.392
1.457
1.488
.408
.476
.495
1.418
1.485
1.510
1.420
.483
.507
* 1. 424
1.487
1.510
P 1.433
p 1. 496
p 1.507
1.272
1.288
1.230
1.358
1.450
1.584
1.288
1.308
1.236
1.361
1.453
1.581
1.300
1.316
1.240
1.360
1.439
1.591
1.288
1.304
1.240
1.368
1.457
1.589
1.299
1.312
1.230
1.368
1.438
1.581
1.298
1.314
1.237
1.382
1.463
1.607
1.299
1.311
1.233
1.374
1.444
1.556
1.280
1.290
1.231
1.382
1.459
1.579
.275
.282
1.244
1.381
1.465
1.597
1.225
1.237
r 1. 244
r
1. 390
' 1. 494
1.615
.273
.290
. 253
.390
.488
1.602
1.295
1. 300
1.253
1 . 389
1.481
1. 602
p 1.247
P 1.391
1.673
1.644
1.642
1.645
r
1.649
1.642
1.634
1.650
1.645
1.631
r
1. 675
r
r
p 1. 292
P 1.611
1.647
1.500
1.500
1.499
1.489
1.482
1.496
1.471
1.483
1.479
r
1. 503
1.487
1.499
1.452
1.453
1.464
1.466
1.468
1.474
1.459
1.451
1.473
r
1. 487
' 1.481
1.479
1.475
1.523
1.444
1.643
1.678
1.548
1.636
1.617
1.387
1. 255
1.472
1.523
1.443
1.650
1.695
1.555
1.617
1.617
1.388
1.252
1.467
1.529
1.440
1.658
1.699
1.554
1.636
1.608
1.393
1.262
1.455
1.530
1.447
1.661
1.704
1.607
1.613
1.600
1.394
1.250
1.459
1.531
1.451
1.660
1.703
1.544
1.610
1.616
1.391
1.247
1.478
1.538
1.447
.674
.716
.566
.618
.623
.399
.258
1.479
1.536
1.435
1.656
1.689
1.572
1.624
1.623
1.409
1.264
1.483
1.538
1.434
1.660
1.686
1.607
1.637
1.649
1.413
1.264
1.491
1.544
1.444
1.679
1.713
1.612
1.637
1.638
1.421
1.277
* I. 492
1.547
' 1. 443
T
1. 682
r
1.715
' 1. 602
r
1. 626
r
1. 621
1.423
r
1. 288
.500
1.504
1. 560
1.448
1.680
1.714
.612
.637
.609
.432
.288
1.332
1.296
1.388
1.219
1.098
1.247
1.611
1.021
1.182
1.181
1.114
1.319
1.271
1.387
1.216
1.085
1.249
1.600
.997
1.180
1.181
1.111
.328
.283
.389
1.245
1.117
1.256
1.595
.987
1.187
1.188
1.117
1.325
1.291
1.375
1.239
1.148
1.257
1.590
.991
1.194
1.200
1.123
1.325
1.302
1.407
1.229
1.113
1.259
1.586
1.012
1.195
1.200
1.127
1.334
1.318
1.406
1.231
1.182
1.263
1. 590
1.019
1. 197
1.201
1.126
1.343
1- 327
1. 403
r
1. 251
1.182
1.267
1.600
' 1. 033
1.202
T
1. 204
' 1. 134
Nondurable-goods industries . _ _
___do
1.321
1.323
1.324
1.294
1.289
1.289
Food and kindred products
do
1.380
Meat products
do
1.378
1.383
1.213
1.205
Dairy products
.
do
1.206
Canning and preserving
do
1.180
1.167
1.113
1.226
Bakery products
do. .
1.216
1.239
Beverages
do
1.544
1.523
1. 558
Tobacco manufactures
do .
1.013
1.015
1.016
Textile-mill products
do
1.182
1.184
1.184
Broad-woven fabric mills
do
1.167
1.171
1.179
Knitting mills
.
._
...do .
1.136
1.135
1.125
r
Revised.
? Preliminary.
fRevised series. See note marked "- " on p. S-LI.
41.03
44.93
r
r
r 1. 552
.445
.677
r
.708
1.613
' .634
r
1. 644
r
.426
T
.284
r
1. 350
1. 330
* 1. 389
1.250
' 1. 193
1.274
1.615
••1.061
r
r
r
r 1. 208
1.200
' 1. 166
r
.354
.339
. 395
.248
1.221
1.275
1. 629
1. 074
1.209
1. 200
1.176
p 1. 482
P 1.571
p 1.448
p 1. 704
p 1.430
p 1. 287
p 1.357
P 1. 345
p 1. 103
p 1.204
SUKVEY OF CURRENT BUSINESS
June 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-15
1950
1949
April
May
June
July
August
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
WAG ES—-Continued
Average hourly earnings, etc. f— Continued
All manufacturing industries — Continued
Nondurable-goods industries— Continued
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
Drugs and medicines
do
Paints, pigments, and
fillers
do
Products of petroleum and coaL
do
Petroleum refining
do
*Rubber products
do
Tires and inner tubes
do
Leather and leather products
» do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal
__
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars _
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction _ _ _
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
__ __ _
do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade
do_- Retail trade:
General-merchandise stores
do
Food and liquor
-do
Automotive and accessories dealers. __do_— .
Service:
Hotels, year-round
do
Laundries
. _. do
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
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
1.149
1.342
1.125
1.345
1. 133
1.317
1.159
1.306
1. 175
1.342
1.196
1.353
1. 1C8
1.347
1.131
1.352
1.165
1.344
.923
1.360
1.327
1.392
.924
1.303
1.330
1.401
.915
1.339
1. 340
1.410
.915
1.431
1.352
1.427
.901
1. 465
1.346
1.416
.918
1.484
1.353
1.420
.916
1.447
1.354
1.421
.919
1.363
1. 356
1.424
.919
1.424
1.354
1.424
.929
1.453
1.364
1.433
r 1. 474
1.807
2.086
1.741
1.415
1.525
1.391
1. 458
1.777
1.858
1.504
1.721
1.138
1.102
1.819
2.117
1.751
1.430
1.533
1.403
1.455
1.772
1.857
1.514
1. 741
1.141
1.099
1.821
2.105
1.770
1. 448
1.545
1.400
1.454
1.787
1. 873
1.526
1.751
1. 136
1.090
1.825
2.103
1. 760
1.464
1.565
1.410
1.450
1.808
1. 896
1.520
1.761
1.128
1.085
1.836
2.114
1.759
1.451
1. 548
1.408
1.448
1. 796
1.887
1. 507
1.731
1.129
1.091
1.842
2.137
1.760
1. 441
1. 566
1.410
1.467
1.812
1.904
1.514
1.789
1.141
1.104
1.845
2.135
1.768
1.427
1.559
1.408
1.471
1.807
1.889
1.512
1.738
1.143
1.100
1.837
2.125
1.765
1. 432
1.561
1.413
1.474
1.803
1.886
1. 508
1. 732
1.142
1.093
1.839
2. 139
1.766
1.437
1. 561
1.409
1.483
1. 798
1.885
i. 506
1.737
1. 133
1.083
1.831
2. 094
1.770
1.454
1.579
1.413
1.493
1.813
1.902
1.536
1. 763
1. 138
1.090
1.850
2.105
1.793
1.458
1.564
1.427
1.499
1.800
1.889
1. 535
1. 761
1.155
1.116
1.519
1.857
1.934
1.510
1.866
1.946
1.491
1 935
1.951
1.491
1.888
1.910
1.473
1.829
1.897
1.489
1 . 863
1.943
1.487
1.934
1.978
1.477
1.903
1.999
1.499
1.919
1.919
'1.517
1. 866
' 1. 933
1.762
1.302
1 872
1.709
1 934
1.768
1.313
1.864
1.712
1. 930
1.778
1.320
1.856
1.704
1.924
1.800
1.308
1.856
1.712
1.922
1.764
1.306
1.862
1.712
1.932
1.792
1.312
1.874
1. 730
1.938
1.793
1.307
1.881
1.741
1.944
1.780
1. 306
1.891
1.754
1.947
1.788
1.299
1.917
1.777
1.964
1.824
' 1. 289
1.932
1. 753
1.976
1.430
1.324
1.399
1.521
1.436
1.343
1.409
1.535
1.435
1.340
1.399
1.541
1.446
1.348
1.409
1.550
1.442
1.343
1.411
1.544
1. 457
1.363
1.412
1.564
1.455
1.377
1.415
1.576
1.455
1.402
1.420
1.567
1. 463
1.367
1.424
1.580
r
1.407
1.421
1.416
1.426
1.403
1.409
1.427
1.425
1.423
.936
1.227
1.302
.960
1.234
1.310
.968
1.244
1.312
.964
1.244
1.312
.961
1.244
1.306
.961
1.258
1.308
.952
1.247
1.294
.945
1 256
1.289
.948
1 254
1.272
732
.843
.994
.738
.850
1.011
745
.849
.997
.746
.844
.986
.745
.840
.978
746
.842
.990
.743
.841
.977
753
.837
.977
759
844
.987
1.428
2.378
1.431
2.384
1.441
2.394
1.465
2.412
1.470
2.434
1.478
2 453
1.478
2.458
1.478
2 462
1.478
2 462
71
1.380
1.06
1.389
1.375
.74
1.392
1.16
1.373
1.565
.64
1.562
1.17
1 569
1 572
215
278
251
278
1.186
1. 348
r
1.214
1. 343
* 1. 198
.981
r
.987
1. 413
>• 1.363
1. 425
1.358
1.420
r
v 1. 161
1.354
r
v 1. 363
1.867
2.132
.801
* .463
. 565
.435
.501
» 1.870
r .805
p 1.812
.895
531
1.754
' 1. 163
1.127
r
1. 499
1. 953
1. 961
f 1 474
1.392
1 428
r
1. 570
1 480
1 377
1 427
1.573
r 1. 432
r
p 1. 163
1. 782
1.320
1 968
1.774
2 010
1.473
1.380
1.425
' 1. 585
p 1 591
1. 504
1 928
2.014
1.790
1.314
1. 961
1.772
2.001
p 1.471
1 456
T
r
1. 447
r
T
.960
1 273
1. 275
.958
1 275
1.292
762
.842
.979
751
846
.988
1.485
2 462
1.485
2 466
1.486
2 469
75
1 574
1 17
1 601
280
258
256
257
.967
' 1 267
' 1. 282
r
r
r
753
.847
'.989
T
r
1. 493
2 478
70
1 13
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
..mil. of doL.
Commercial paper
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil. of dolFarm mortgage loans, total
do _
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives
_- __
do.
Short-term creditor
do
195
219
204
249
(')
0)
(0
/;i\
262
537
0)
252
565
194
211
198
199
1,786
946
880
65
250
591
0)
0)
(i)
0)
258
600
189
230
0)
0)
(i)
0)
261
590
207
265
1,791
951
890
62
281
559
1
C)
(i)
C1)
<>>306
506
ffi
0)
u
313
471
272
257
1,712
956
899
57
306
450
0)
(1)
>
88, 353
Bank debits, total (141 centers)
_
do
88, 969
98, 276
88, 536
90, 257
89, 206
106 274
90, 747
95 336
88 588
36, 467
36, 070
37, 191
New York City
_
do
35 832
36, 974
42 890
35 249
36 334
45 781
38 962
51, 995
52, 466
53, 066
53, 374
55, 386
51,886
54, 413
53 339
60, 493
56 374
Outside New York City
do
Federal Reserve banks, condition, end of month:
44, 937
44,192
45, 483
Assets, total
mil. of dol__
45, 502
44, 272
45, 643
44, 323
47, 396
44, 194
43, 513
20, 092
18, 225
19,239
18,415
Reserve bank credit outstanding, total__-do
19, 696
19, 499
21, 737
18, 267
17, 860
18,326
317
531
Discounts and advances
_ ___ _ _ do
303
247
109
103
145
283
322
78
18,529
17, 524
19, 704
18, 010
United States Government securities do
19, 343
17, 682
21. 094
18, 885
17,316
17. 827
23, 362
23, 285
Gold certificate reserves _ ._.
_.do
23, 350
23, 099
23, 116
23, 245
23, 232
23, 176
23, 320
23 168
44, 937
44, 192
44, 323
Liabilities, total
do
45. 483
45 502
43 513
47 396
44 272
45 643
44 194
19, 582
18, 968
18, 036
18,173
Deposits, total _
__ _
_ _
do _
17, 632
21, 304
19, 246
17, 793
18 906
18 348
17, 437
16,512
18, 024
15, 947
Member-bank reserve balances
do. _
17, 867
16 568
15, 850
19, 076
16 038
16 211
752
Excess reserves (estimated)
do
794
671
1,175
771
589
638
948
] 018
698
23, 305
23, 273
23, 278
Federal Reserve notes in circulation
_ do. __
23, 373
23, 373
23, 327
23, 346
23 483
23, 247
22 926
55.1
56.6
Reserve ratio
percent-.
54.5
56.3 |
53.8
51.8 1
56.4
57.0
54.7
56.1
r
Revised.
*> Preliminary.
1
Beginning July 1,1948, farm mortgage loan data are reported quarterly.
fRevised series. See note marked "f" on p. S-ll.
§Rate as of May 1,1950: Common labor, $1.511; skilled labor, $2.485.
*New series. Comparable data prior to January 1948 are not available.
c?In accordance with Public Law 38,81st Congress, the Regional Agricultural Credit Corporation of Washington, D. C., was dissolved and as of April 16,1949, its
Farmers Home Administration.
257
0)
(1)
279
476
86 273
35 727
50, 546
104 027
43 112
60' 915
91 714
37 025
54 689
44, 097
18, 226
130
17, 746
23, 120
44 097
18 064
15, 973
583
22 974
56.3
43, 568
18, 070
225
17, 592
23 020
43 568
17 796
15 657
43, 895
18, 301
113
17, 796
23 035
43 895
18 083
15 878
p 666
22 880
56.2
C1)
294
453
237
1,744
969
916
53
265
510
0)
(i)
0)
245
258
0)
r 5Q7
22 911
56.6
(1)
0)
255
540
assets were transferred to the
SUEVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1949
April
May
June
July
August
1950
September
October
November
December
January
Fe
^'
March
April
FINANCE— Continued
BANKING— Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits.
Demand adjusted
mil. ofdol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. 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
U. S. Government obligations, direct and
guaranteed, total
mil. of dol
Bills
do
Certificates
do
Bonds and guaranteed obligations
do
Notes
-.
_--_._
- _ _ d o ..
Other securitiesdo
Loans, total
do
Commercial, industrial, and agricultural .do
To brokers and dealers in securities
-do .
Other loans for purchasing or carrying securities
mil. ofdol..
Real-estate loans
do
Loans of banks
... _ do
Other loans
do
Money and interest rates :cf
Bank rates to customers: f
In New York City
percent
In 11 southern and western cities
do
Discount rate (N. Y. F. R. Bank)
do
Federal land bank loans
do
Federal intermediate credit bank loans
do
Open market rates. New York City:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months
do
Time loans, 90 davs (N. Y. S. E.)
do. ._
Call loans, renewal (N. Y. S. E)
do
Yield on U. S. Govt. securities:
3-month bills
do
3-5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol_.
U. S. postal savings
do
46, 175
46, 364
46, 093
46, 282
46, 737
46, 457
46, 848
47, 648
48, 253
47, 767
46, 926
46, 162
46, 928
45, 737
3, 548
1, 188
15, 226
46, 128
3 683
790
15. 283
45, 805
3, 361
1,356
15,375
45, 685
3,432
1,591
15,282
46, 416
3, 367
2,196
15, 270
46, 465
3, 165
2, 636
15, 255
46, 867
3,299
2,335
15, 228
48, 037
3,255
2,117
15, 162
48, 857
3, 296
1, 955
15, 288
47. 600
3, 456
2, 322
15, 333
47, 193
3,454
2,302
15, 377
45, 848
3.431
2. 691
15. 397
46, 672
3, 601
1, 668
15, 472
14, 485
648
9,203
36, 945
14,513
667
9, 703
38. 525
14, 596
664
9, 526
38, 699
14,520
641
10, 032
40, 637
14, 502
647
10, 095
42, 288
14, 501
632
10, 065
42, 064
14, 500
605
10, 687
42, 341
14,431
608
10, 305
42, 226
14, 537
621
10, 729
42, 527
14, 578
14, 647
10, 394
42, 780
10,415
42, 090
14. 660
617
9.994
41,677
14, 717
633
10, 356
41,525
32 951
1 ^27
4 712
25, 458
954
4, 354
24, 010
14,162
1 , 328
34. 035
2 105
5, 225
25, 734
971
4, 490
23,811
13, 476
1,678
34, 149
1,793
5,274
26, 132
950
4, 550
23, 883
13,181
1,955
35, 773
2 603
5, 716
26, 394
1,060
4, 864
23, 1 59
12. 826
1,520
37, 307
3,260
6,392
26, 536
1,119
4,981
23, 491
12,965
1,609
37, 004
2, 608
7,181
26, 091
1,124
5, 060
23 998
13. 384
1,668
37, 388
2,618
7, 273
26, 347
1, 150
4, 953
24, 325
13, 694
1,618
37, 248
2, 345
7, 257
26, 470
1, 176
4,978
24, 613
13. 775
1, 623
37, 469
2,544
6, 856
24, 637
3,432
5,058
24, 894
13, 904
1,608
37, 595
2,762
6, 152
24, 796
3. 885
5, 185
24, 486
13, 918
1, 364
36, 774
2,212
5. 071
24. 862
4, 629
5, 316
24, 741
13,834
1, 529
36. 118
1. 768
4. 638
24. 016
5, 696
5, 559
24, 8S6
13. 790
1 , 670
35, 916
1,753
4,307
24, 080
5, 776
5, 609
25. 009
13.420
1,813
617
4,078
263
3,863
628
4,092
333
3,904
657
4,118
292
3,981
663
4, 143
264
4,049
665
4,185
273
4,102
638
4,207
233
4,178
597
4,246
207
4,266
626
4,299
214
4,393
599
4,342
319
4,445
573
570
4, 396
4,413
4,455
4,470
588
4. 465
212
4, 540
624
4, 522
368
4, 644
1.50
4.08
2.04
1.50
4.08
2.04
2.35
2 86
3.17
1.50
4.08
2.04
1.50
4.08
2.04
1.50
4.08
2.04
2.32
2.64
3 07
1.50
4.08
2.04
1.50
4.08
2.04
1.50
4.08
2.04
2.38
2.67
3.03
1.50
4.08
2.04
1.50
4.08
2.00
2.29
2.55
3.12
1.50
4.08
2.00
1.50
4.08
2.00
1.50
4.08
2.00
1.19
1.56
1.63
1.63
1.19
1.56
1.63
1.63
1.19
1.56
1.63
1.63
1.06
1.56
1. 63
1.63
1.06
1.44
1.63
1.63
1.06
1.38
1.63
1.63
1.06
1.38
1.63
1.63
1.06
1.38
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1. 63
1.63
1.06
1.31
1.63
1.63
1. 155
1.53
1.156
1.49
1.158
1.42
.990
1.26
1.027
1.26
1.062
i 1.34
1. 073
1.37
1.097
* 1. 37
1.100
i 1.39
1. 130
i 1.44
1. 140
i 1. 45
1. 164
i 1.45
10, 550
3,314
10, 600
3,294
10, 718
3,277
10, 753
3,266
10, 786
3,248
10, 830
3, 230
10, 860
3,215
10, 296
3,199
11, 087
3,182
11,179
11,237
3,183
3,177
11,325
'3, 168
11, 363
P 3, 153
15, 595
8, 630
4,517
2,241
15, 843
8,888
4, 718
2,386
16, 124
9,123
4, 870
2,499
16, 198
9, 335
5,010
2,610
16, 453
9,622
5,223
2, 761
16, 803
9,899
5, 438
2, 876
17, 223
10, 166
5,661
2,986
17, 815
10, 441
5, 880
3, 085
18, 779
10, 890
6, 240
3,144
18, 344
10, 836
6,174
3, 179
p 18, 304
p 18, 629
p 11, 321
p 6, 513
p 3, 468
760
683
351
123
359
771
704
367
123
367
774
718
382
124
373
766
730
405
121
378
781
755
417
121
388
818
784
435
121
404
855
822
454
123
421
906
858
464
127
440
1,010
935
500
1631
488J
975
902
491
637
4,113
1,749
323
207
163
4, 170
1,788
333
213
165
4, 253
1, 836
346
219
167
4,325
1, 866
357
225
169
4,399
1,897
369
230
171
4,461
1, 922
379
235
172
4,505
1,936
385
239
172
4, 561
1,944
394
244
173
4, 650
1, 951
402
250
4, 662
1,957
727
815
131
722
818
131
726
827
132
732
843
133
747
851
134
763
855
135
780
858
135
794
875
137
3. 232
2,764
969
3, 235
2, 739
981
3,274
2,752
975
3,123
2,768
972
3, 064
2,799
968
3,123
2,808
973
3,197
2,866
994
3,454
2,927
993
278
58
33
29
146
288
60
35
28
135
303
68
38
28
140
282
59
35
28
155
294
66
37
29
143
278
65
34
27
128
272
59
34
26
134
269
64
36
28
161
280
69
41
31
232
269
59
37
27
131
2,306
1,340
29
1,308
81
644
244
3, 151
178
548
1,080
1,345
2,751
1,945
28
1,544
410
656
114
3,104
125
614
1,011
1,354
4,928
4,767
28
3,819
137
704
240
4, 656
1,570
525
1,210
1,350
2,061
1,946
25
1,209
65
653
110
3,434
322
494
1,040
1,578
2,917
2,479
32
1,568
404
749
165
3,585
125
522
1, 173
1,765
4,885
4, 832
33
3,893
144
714
101
3,995
544
859
1,032
1,560
1,993
1,881
35
1,060
65
753
79
3,111
255
502
1,006
1,348
2,727
2,344
37
1,489
356
722
124
3, 127
2306
547
1,063
1,211
4,255
4,191
3,480
3, 366
1. 044
1.38
1
1
627
609
302
154
CONSUMER CREDIT
Total consumer credit, end of month... mil. of dol__
Instalment credit, total
do
Sale credit, total .
_ do
Automobile dealers
do
Department stores and mail-order houses
mil. of doL.
Furniture stores
_. . do .
Household-appliance stores
do
Jewelry stores
...
do
All other retail stores
do
Cash loans, total
do_ .
Commercial banks
do
Credit unions __
._
do
Industrial banks
do
Industrial-loan companies
do
Insured repair and modernization loans
mil. of doL.
Small-loan companies
do
Miscellaneous lenders
do
Charge accounts __
Single-pavment loans
Service credit -
...
do
do
_ ._ do -
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
mil. of doL.
Credit unions
do
Industrial banks
_
do
Industrial-loan companies
...
do
Small-loan companies
do
r
r
18, 126
10, 884
'6.213
3.256
p 11.079
6, 334
p 3. 355
P
* 960
p S99
p 502
P618
p976
p913
p516
p630
M. 671
1,973
1 75
404
251
175
408
254
174
p 4. 745
f 2, 026
*421
v 258
P 176
p 4, 808
p 2, 068
P431
P262
pl78
801
929
142
T
958
802
931
142
'792
928
142
f 785
f 936
p 143
P780
p945
P 144
3, 909
2, 988
3, 506
3,002
3, 233
3, 001
1, 008
p.3. 211
p 3. 009
P 1, 005
^3,241
p 3, 061
p 1, 006
p336
p 78
p43
P31
P163
p307
p70
p37
992
997
r
891
492
616
T
r
268
61
34
25
126
*>28
P154
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
mil. ofdol
Receipts net
do
Customs
_
__
do
Income and profits taxes
do
Employment taxes
_
_ _
do
Miscellaneous internal revenue
do
All other receipts
do
Expenditures, total t
do _.
Interest on public debt
do
Veterans Administration
.. _ do ..
National defense and related activities}-- do
All other expenditures |
_do
35
3,607
2,972
35
3,214
2, 545
139
720
147
2
37
2,342
67
645
186
544
599
88
3,722
3.323
2463
2,496
1, 008
1,100
1,125
1,054
1,290
489
516
2161
502
944
889
2,092
5,622
1,488
4,820
34
43
1,267
4,429
93
362
629
701
69
88
3, 269
2,847
2 184
2636
509
588
1, 061
977
983
1,177
\% peri
•cent Treasury
r
Revised.
» Preliminary.
1 Series was changed on September 12 to t wo bond issues (2 percent December 1952-54 and 2^i percent March 1956-58) and on April 1 to
notes of March 15, 1954 and \1A percent Treasury notes of March 15, 1955. 2 Beginning November 1949, data represents interest due and payable; previously, interest paid.
cfFor bond yields see p. S-19.
1 Re vised series. Bank rates to customers have been revised to reflect a change in the reporting form; for the series shown here no revisions were made prior to June 1948.
jSee note at bottom of p. S-17 of the May 1950 SURVEY for data on recen t revisions.
SUEVEY OF CURRENT BUSINESS
June 1 5
90
S-17
19 50
1949
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
April
July
June
May
August
September
October
November
December
January
256, 778
254, 876
221, 066
33, 810
1,901
256, 982
255, 124
221, 295
33, 829
1,858
257, 130
255, 019
221,123
33, 896
2,111
256, 865
254, 869
221,367
33, 502
1,997
February
March
April
256, 368
254, 406
221, 535
32, 871
1.962
255, 724
253, 506
221,408
32, 098
2,218
225,718
253, 516
221 714
31, 802
2 202
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE— Con.
Debt, gross:
Public debt (direct), end of month, total
mil. of doL.
Interest-bearing, total..
_
do
Public issues
do
Special issues
do
Noninterest bearing
do
Obligations guaranteed by U. S. Government,
end of month
mil of dol
U. S. savings bonds:
Amount outstanding, end of month
do
Sales, series E, F, and G
do
Redemptions
_.
do
251, 530
249, 509
217, 676
31, 833
2,021
251, 889
249, 890
217, 975
31,914
2,000
252, 770
250, 762
217, 986
32, 776
2,009
253, 877
251, 880
218, 831
33, 049
1,996
255, 852
253, 921
220, 563
33, 358
1,931
256, 680
254, 756
220, 842
33, 914
1,923
23
23
27
26
27
29
28
29
29
27
27
24
22
56, 103
454
398
56, 195
433
415
56, 333
485
451
56, 522
511
425
56, 602
449
439
56, 663
398
411
56, 729
388
396
56, 774
383
415
56, 910
495
466
57. 108
707
618
57, 345
581
418
57, 446
524
510
57, 534
423
413
Government corporations and credit agencies:
Assets except interagency total
mil of dol
Loans receivable total (less reserves)
do
To aid agriculture
do
To aid home owners
do
To aid railroads
do
To aid other industries
do
To aid banks
do
To aid other financial institutions
do
Foreign loans
do
All other
do
Commodities supplies and materials
do
U S Government securities
do
Other securities
do
Land structures, and equipment
do
All other assets
do
22, 232
11 770
3,847
980
120
364
4
368
6, 108
488
1, 140
2,004
3, 508
2,946
865
594
720
617
123
120
407
4
347
6 090
494
1 596
2,069
3 501
2,933
775
23, 733
12 733
4 362
1,251
114
462
4
442
6,090
484
1 549
2,047
3 492
2,962
950
22
11
3
1
Liabilities except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities
do
2,377
1,957
2,520
do
do
do
26
865
1,487
28
856
1,074
28
772
1,720
Privately owned interest
U S Government interest
do
do
172
19 682
177
20, 460
183
21 030
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
total .__
mil. of dol
Industrial and commercial enterprises, including
national defense
_ _
mil. of dol
Financial institutions
do
Railroads _ _
- __
_ __
do
States, territories, and political subdivisions do
United Kingdom and Republic of the Philippines
mil. of dol__
Mortgages purchased
do
Other loans
._
do
i 1, 465
i 1,419
1,458
1,522
1,603
1,670
1,737
1,825
1,874
1,951
1,998
2,043
2,070
362
124
U38
138
380
123
i 138
30
384
123
117
30
399
122
117
30
416
123
117
30
434
122
117
30
443
121
117
30
472
118
117
29
481
114
112
29
500
114
111
29
507
113
110
27
516
112
110
27
524
112
111
25
182
483
37
179
531
37
174
592
37
173
643
37
176
703
38
167
762
37
165
824
37
161
891
37
149
951
37
147
1,012
37
145
1,060
37
139
1, 102
37
137
1, 125
37
57, 233
51, 921
57, 503
52, 251
57, 768
52, 390
58, 082
52, 640
58, 407
52, 903
58, 699
53, 171
59, 280
53, 652
59, 781
53, 911
60, 080
54, 252
60, 382
54, 592
60 660
54, 839
51, 143
36, 809
16, 377
14, 337
8,977
2,865
8, 591
676
9,713
915
8,797
1, 866
1,028
1,052
51, 364
36, 951
16, 149
14, 106
9,090
2,861
8,851
650
9,828
928
8,900
1.878
1,042
1,015
51, 589
36,911
16,016
13, 974
9,134
2,855
8,906
703
9,971
938
9, 033
1,892
1,045
1, 066
51, 858
36, 984
15, 987
13, 883
9,153
2,856
8,989
692
10, 117
948
9,170
1,904
1,059
1,101
52, 134
37, 064
15, 905
13, 781
9,196
2,857
9,106
724
10, 234
958
9,276
1,915
1,077
1, 120
52, 389
37, 162
15, 797
13, 682
9,261
2,859
9,244
697
10, 388
966
9,422
1,925
1,090
1,127
52, 879
37, 397
15, 921
13, 779
9,314
2,864
9,298
706
10, 569
978
9, 591
1,934
1,102
1, 171
53, 184
37,411
15, 881
13,743
9.320
2, 866
9, 345
852
10, 691
987
9.704
1,943
1, 113
1,173
53, 445
37, 588
15, 853
13, 716
9.473
2,877
9,386
704
10, 831
1. 006
9,824
1. 952
1,124
1,246
53, 697
37, 687
15, 834
13, 684
9, 503
2,878
9,472
687
11,016
1,020
9, 996
1,963
1,134
1,210
53, 936
37, 716
15.790
13, 640
9. 551
2, 906
9. 468
689
11,181
1,036
10. 144
1,972
1,144
1.234
1,890
242
396
1, 252
81
289
263
127
135
52
114
45
145
1,657
179
356
1,122
73
263
235
113
124
46
99
40
130
1,778
250
381
1,147
69
249
243
116
132
50
108
42
138
1,718
249
384
1,085
67
234
231
112
123
49
101
38
128
1,861
267
416
1, 178
277
251
111
137
53
99
40
134
1,901
308
395
1,198
83
278
256
113
140
52
102
41
133
2, 195
504
360
1,331
86
289
280
133
156
58
117
52
160
1, 745
212
402
1, 131
85
293
239
104
124
44
95
35
111
2, 335
706
433
1, 196
82
294
253
111
136
48
105
40
127
2,413
443
490
1,480
96
359
307
138
166
65
135
48
165
2,171
382
445
1.344
8H
317
277
121
159
60
120
48
154
304, 428
124, 888
42, 636
8,347
20, 868
56, 118
51, 571
267, 451
115, 810
34, 227
7,475
19,970
42, 990
46, 979
286, 005
130, 188
35, 505
7,912
18, 739
43, 828
49, 893
276, 238
115, 711
36, 027
7,641
19, 856
47, 329
49, 674
276, 422
121, 365
38, 565
8, 136
20, 078
39, 729
48, 549
276 654
120, 828
38, 559
7 867
19, 689
38, 638
51. 073
339, 057
132, 673
37, 933
8 534
17, 097
83, 640
59. 180
327, 079
132, 259
46, 643
8 969
25, 323
60, 422
53. 463
288 708
124, 549
38, 750
7 800
19, 434
47, 168
51. 007
358 738
152 034
48, 070
8 354
21 704
65, 460
63. 116
295 802
128, 731
40, 216
7 884
19, 888
46, 463
52. 620
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), esti56, 872
56, 589
mated total _
mil. of dol
51,323
51, 498
Securities and mortgages
do
49 companies (Life Insurance Association of
50, 833
50, 589
America), totalj
mil of dol
36, 578
36, 567
Bonds and stocks, book value, total
do
16, 591
16, 809
Govt. (domestic and foreign) total
do
14, 542
14, 761
U. S. Government
_
_
do
8,594
8,686
Public utility _
do
2,853
2,855
Railroad
do
8,309
8,447
Other _ _
do
731
695
Cash
do
r
9, 429
9,557
Mortgage loans, total
. _ _ _
do
903
886
Farm
do
8,544
8,655
Other
do
1,853
1,841
Policy loans and premium notes _
do
995
1,007
Real-estate holdings. ..
do
r
1,106
1, 064
Other admitted assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance) :
1,852
1,861
Value, estimated total
mil. of dol
185
182
Group
do
414
431
Industrial _
__
do
1,245
1,256
Ordinary, total.
do
84
83
New England
do
294
302
Middle Atlantic _ _
do _ _
258
267
East North Central..
do
122
118
West North Central
do
141
141
South Atlantic
do
52
53
East South Central
do
106
108
West South Central
do_
43
41
Mountain.-- _ _ _
do
141
147
Pacific
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
274, 398
285, 303
estimated total
thous of dol
119, 043
124, 889
Death claim payments
do
37, 318
Matured endowments.
_ do
37, 960
7,385
8,013
Disability payments
do
19, 998
19, 256
Annuity payments
do
42, 061
Policy dividends
do_
46, 348
48, 593
Surrender values
___do._ _
48, 837
r
Revised.
1 Includes railroad securities acquired from PWA.
{See corresponding note on p. S-17 of the March 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
April
May
June
July
August
September
October
November
December
January
February
March
April
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Association of America:
Premium collections (39 cos.), totaLthous. of dol__
Accident and health
do
Annuities
do
Group
do
Industrial
_
do
Ordinary
do
406, 246
26, 391
47, 377
32, 182
58, 258
242, 038
437, 033
31, 655
46, 497
34, 905
67, 835
256, 141
499, 255
32, 955
63, 102
34, 690
75, 018
293, 490
372, 943
28, 171
14, 316
30, 362
60,330
239, 764
465, 995
29, 964
52. 865
30, 485
75, 341
277, 340
414, 068
31, 116
53, 964
32, 973
63, 054
232, 961
435, 499
31, fi°7
51,9<o
31, 606
61, 410
258, 883
653, 742
42, 178
115, 207
40, 929
108, 014
346, 914
483, 248
32, 284
79, 118
51,213
72, 425
248, 208
469, 517
32, 145
64, 435
34, 444
66, 613
r
271, 880
558, 510
39, 696
67, 701
42, 886
79, 324
328, 903
420, 371
33, 123
51, 566
31,553
58, 570
245, 559
24, 332
mil. o f d o l _ _
-17, 741
thous. of dol
12,019
do
25, 61 5
do
60 816
4... _
37 941
11, 442
do
5,674
do
24, 342
37, 775
1,612
11,142
63 171
38 902
11, 635
5,623
24, 466
121, 632
5,483
12,389
64 823
39, 307
12,015
5,529
24, 520
24, 608
24, 602
-19,936 -208,540 -154,799
11,563
6, 890
15,857
137, 986
268, 936
114, 002
63, 102
66, 224
65 400
39, 966
39 366
40, 380
11,421
12, 735
12, 569
5,728
6,505
6, 239
24, 584
-89, 117
2,397
58, 527
65, 422
39,012
12, 804
7,306
24, 479
-63, 939
2, 998
10, 629
66, 140
38, 509
12, 659
7,385
24, 427
-59,399
10,111
8.697
63, 653
38, 492
13, 058
6,609
24, 395
-93, 162
7,223
46, 201
24, 345
-50,411
4,119
4,350
24, 246
-95, 432
4, 338
2, 706
p 24, 247
-59,175
2,130
55,419
38, 780
12, 387
5,869
36,414
12, 275
5,506
13, 413
6,084
6,717
4,783
2,825
.715
514
12, 190
.715
1,818
10, 237
.715
11,910
6,824
.715
2,090
6,056
.719
160
5,628
.732
86
7,508
.733
184
6,370
.733
680
4,060
47
110
.733
8, 065
.733
30
4,355
1 246
4,000
3 341
1 499
4,400
3 614
2,198
4, 300
2,676
1, 735
3,500
2 349
1,196
4,600
2,909
1, 144
4,700
2,167
1,894
4,000
2 884
1,504
3,800
3,101
1,718
4,800
3, 193
1,196
3,700
2,965
1, 385
4,100
2,496
27, 417
27, 507
27, 493
27, 394
27, 393
27, 412
27, 407
27, 543
27, 600
20, 941
27. 068
167, 500
24, 900
167, 600
25, 000
167, 930
25, 286
167, 900
24, 900
170,000
25, 100
r
142, 600
82, 400
58, 100
142, 600
82, 500
58, 200
142, 664
81,877
58, 483
143, 000
83, 100
58, 400
144, 900
83, 400
58, 400
T
27.6
18.6
28.3
18 5
29.8
18.7
28.7
18.5
25.5
17.1
434, 472
32, 927
50, 965
37, 535
65, 659
247, 386
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S
Net release from earmark§
Gold exports
Gold imports
9, .
, ei o e
y
Canada
United States J
Silver:
Exports
do Imports
. -.
do
Price at New York
dol per fine oz
Production:
Canadarf
thous of fine oz
Mexico
do
United States
do
Money supply:
Currency in circulation
mil. of dol
Deposits, adjusted, all banks, and currency outside banks, total Q
_ _
mil. of dol
Currency outside banks
do
Deposits, adjusted, total, including U. S. depositsO
mil. ofdoL
Demand deposits, adjusted, excl. U. S__do
Time deposits, incl. postal savings
do
Turn-over of demand deposits, except interbank and
U. S. Government, annual rate:
New York City
ratio of debits to deposits
Other leading cities
do -
170, 100
24, 900
r
145, 200
83, 100
58, 400
r
r
28.0
18.6
171, 200
24, 900
T
146, 300
84, 300
58, 400
r
r
27.3
18.5
171, 300
25, 100
r
146, 200
85, 000
58, 000
r
r
27.2
19.1
6,317
.731
.733
62
3,412
.718
3,721
r
27, 042
p 27, 047
v 172, 900 * 172,400 p 171, 500
p 24, 500 P 24, 700 P 24, 600
P171.800
p 24, 600
147,615 p 148, 400 p 147,700 p 146, 900
85, 750 p 86, 400 * 84, 500 P 83, 300
58, 616 v 58, 700 * 59, 000 p 59, 300
p 147, 200
p 84, 500
P 5 9, 500
173, 030
25, 415
r
r
r
32.5
20.0
28.6
18.9
29.3
18.9
29.4
19.3
29.7
19.4
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve):*
Profits after taxes total (200 cos ) 9
mil of dol
Durable goods total (106 cos ) 9
do
Primary metals and products (39 cos ) 9 do
Machinery (27 cos ) 9
do
Automobiles and equipment (15 cos ) 9 do
Nondurable goods total (94 cos ) 9
do
Food and kindred products (28 cos ) do
Chemicals and allied products (26 cos ) 9 do
Petroleum refining (14 cos )
do
Dividends total (200 cos )
do
Durable goods (106 cos )
do
Nondurable goods (94 cos ) 9
do
Electric utilities, profits after taxes (Fed. Res.) 9
mil of dol
Railways and telephone cos. (see p. S-23).
r
T
r
r
799
r
508
r
726
470
144
218
256
54
83
92
354
188
166
180
r
r
130
75
r
267
T
292
63
r
105
86
331
184
147
173
r
766
424
100
91
200
342
64
•p 852
P 529
» 175
T 86
109
629
380
249
115
r 234
P323
p 51
P 122
P 91
P 387
P 220
P 166
195
r
P 230
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
__mil. of dol .
New capital, total
. do Domestic, total
do
Corporate
__ ...
_.do_-.
Federal agencies
._ _.
do
Municipal, State, etc
do
Foreign
do
Refunding, total
_. .
do_.
Domestic, total
_
do
Corporate
do
Federal agencies
__
do
Municipal, State, etc
do
r
952
r
906
r
r
906
684
33
190
0
r
46
r
46
1
44
1
757
681
681
295
51
335
0
76
76
31
38
7
1,644
1,550
1 535
1,196
24
315
15
94
94
31
62
1
765
685
441
432
9
0
244
79
78
22
56
0
617
309
291
117
0
174
18
308
204
8
195
1
707
519
510
127
69
314
10
188
188
38
146
4
823
675
639
405
0
234
36
148
148
91
53
4
489
379
379
150
0
229
o
109
109
35
52
22
731
513
513
315
0
198
0
218
218
105
56
57
1,185
817
817
553
30
233
0
369
269
108
159
1
799
702
700
146
13
541
3
97
82
20
57
5
1,060
769
750
365
21
363
19
292
229
168
58
3
700
540
520
327
23
170
20
160
160
89
65
6
Securities and Exchange Commission: t
1,606
1,493
2,672
1,612
2,059
2, 327
Estimated gross proceeds, total
do
1,241
2,079
1,759
1,866
1,667
1, 585
1,183
By type of security:
2,541
1,423
Bonds and notes, total
do
1,351
1 562
1 946
2,268
1 550
2,012
1 102
1 602
1 772
1 525
1 045
Corporate.
do
515
415
462
1, 126
246
113
345
143
105
452
336
235
154
Common stock
do
133
74
43
60
44
61
46
46
35
123
64
47
135
Preferred stock
do
50
82
14
57
45
70
21
27
36
12
35
30
61
By type of issuer:
698
388
Corporate, total
do.
1 , 257
475
174
575
173
451
2C>3
547
493
213
431
Manufacturing*
do
313
79
193
170
12
27
88
27
62
37
50
50
19
236
124
Public utility!
do
537
195
191
95
87
132
2JO
104
210
309
232
Railroad
_
do
18
45
49
51
41
20
16
94
12
10
31
108
27
Communication* ._ ..
do__
46
3
14
0
12
0
387
12
16
206
18
23
11
6
Real estate and
financial
do
59
34
24
39
42
12
76
61
132
21
85
Noncorporate, total _.
do
908
1,105
1 , 852
1.415
1, 438
1 483
1,907
959
1,216
1 266
1 320
1 371
810
U. S. Government
do
717
759
1,099
1,606
1 118
707
1 Oil
886
1 608
894
978
810
633
State and municipal
do
346
316
190
245
198
327
238
251
2on
235
546
366
176
r
Revised.
p Preliminary.
§Or increase in earmarked gold (—).
^Revisions for January-May 1948 for United States and total gold production are shown in the August 1949 SURVEY, p. S-18. Revisions for JanuaryJuly 1948 for securities issued (SEC data) are available upon request.
cf Revised data for January-August 1948 are shown in the November 1949 SURVEY, p. S-18.
QU. S. Government deposits at Federal Reserve banks are not included.
. Data on profits and dividends cover large manufacturing corporations (total assets end of 1946, $10,000,000 and over); quarterly averages for 1939-48, and quarterly data for
1946-March 1948 are shown on p. 23 of this issue of the SURVEY. Data on securities issued for manufacturing and communication for January 1948-January 1949 are available upon request.
fRcvised series. Data (covering electric, gas, and water companies) are available beginning January 1948.
9 Profits and dividends revisions for manufacturing for first quarter of 1949 are as follows (mil. of dol.): Profits—200 cos., 808; durable—106 cos., 487; 39 cos., 204; 27 cos., 79; 15 cos., 177; non-
SURVEY OF CUKKENT BUSINESS
June 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-19
1950
1949
April
May
June
July
August
September
October
November
December
January
February
March
April
FINANCE—Continued
SECURITIES ISSUED—Continued
Securities and Exchange Commissiont — Continued
New corporate security issues:
Estimated net proceeds, total
mil. of doL_
Proposed uses of proceeds:
New money, total
do
Plant and equipment
__
do ___
Working capital
___
_ do.Retirement of debt and stock, total. _do
Funded debt _ _ _
_ _.do
Other debt
do
Preferred stock _
do . _
Other purposes
do
Proposed uses by major groups:
Manufacturing, total*.
_ _ do
Now money
do
Retirement of debt and stock
do
Public utility, total t
-do_._
New money
do
Retirement of debt and stock
_ do ___
Railroad, total
do
New money
_.
do ...
Retirement of debt and stock
do
Communication, total*
do
New money
do
Retirement of debt and stock
do
Real estate and financial, total
___ do
New money
_
.do
Retirement of debt and stock
do ..
State and municipal issues (Bond Buyer) :
Long-term
thous. of dol _ _
Short-term
_
do _ _ _
688
380
1,244
468
168
171
445
219
484
567
209
538
421
553
402
151
127
1
126
0
7
340
254
85
33
13
15
5
7
1,074
958
116
161
40
116
4
9
430
393
37
30
18
12
1
8
140
119
21
24
7
17
0
4
118
87
31
40
19
2
20
12
272
229
43
88
58
29
1
84
163
134
29
38
18
20
0
18
336
226
111
82
75
6
1
66
423
394
29
104
39
53
12
39
153
111
42
41
30
8
3
15
371
242
129
150
138
11
1
17
300
259
41
114
31
70
14
6
310
192
117
231
225
7
17
17
0
45
45
0
58
51
2
78
70
7
190
169
21
49
49
0
3
3
0
39
28
5
167
81
86
531
471
54
45
45
0
385
385
0
76
60
16
191
179
11
122
120
2
51
51
0
14
14
0
33
9
16
26
15
12
8
2
85
51
27
16
16
0
12
3
9
23
22
1
86
46
17
187
97
65
41
41
0
12
11
36
15
15
129
106
14
10
10
50
48
2
303
171
72
31
27
4
2
2
0
60
59
26
22
3
206
146
30
93
27
66
204
202
2
12
4
61
47
12
103
73
29
12
12
0
0
0
0
21
9
49
38
11
206
130
67
107
85
22
18
18
0
132
75
50
18
15
2
226
187
39
27
23
4
23
22
1
84
20
61
198, 762
110, 200
349, 557
61, 224
324, 825
120, 040
244, 173
67, 450
218, 662
196, 516
367, 726
100, 279
172, 712
114,088
209
368
173
380
169
552
199
660
216
420
626
542
329
660
••535
355
280
681
528
493
690
530
399
699
548
404
92
88
4
20
13
7
0
0
0
6
5
o
41
5
0
16
14
2
11
10
0
0)
0)
332, 957
105, 586
230, 822
46, 514
265, 519
119,155
255, 707
126, 144
248, 176
178, 972
570, 664
167, 048
153
371
128
244
237
294
198
284
154
237
103
230
140
364
142
342
740
580
418
783
586
416
813
596
445
306
881
633
523
901
669
493
953
669
522
1,018
666
579
1,084
678
619
0)
0)
(')
r
r
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
mil. of bu
do ...
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
mil of dol
do
_ do _
do
r
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
100. 49
100. 98
101. 82
100.56
101.40
101.80
101.95
101. 53
101. 81
102. 11
102. 00
101. 78
total§
.__ .
dollars
102. 43
102. 28
100. 93
102. 27
101.01
101.45
101.86
102. 38
102. 27
102. 56
102. 20
101. 94
102. 45
102 89
Domestic
do
72. 07
71.40
72.18
72.20
75. 81
71.82
74.80
71.77
75.48
72.48
74.46
Foreign
__.
do
72.92
73.70
Standard and Poor's Corporation:
Industrial, utility, and railroad:
101.0
100.9
103.0
101.0
103.1
104.0
102.0
102 8
104 0
104 1
High grade (11 bonds)
dol per $100 bond
103 2
103 7
Medium grade:
92.6
91.7
91.9
91.7
96.4
91.8
93.3
96.6
93.7
96.3
93.5
94 5
Composite (12 bonds)
do
98.2
98.9
98.0
98.7
98.6
99.0
102.0
99.9
102.3
Industrial (4 bonds)
do
101.8
100 3
101 0
95.6
96.3
97.7
95.7
96.9
98.8
100.9
99.2
100.8
100.6
99.5
100 1
Public utility (4 bonds)
do
81.2
81.9
82.1
81.6
80.0
79.9
86.5
86.4
86.7
82.0
82 2
Railroad (4 bonds)
do
80 8
129.1
127.5
129.0
129.0
127.9
128.6
131.7
131. 2
131.5
128.8
131.3
129.6
130.3
Domestic municipal (15 bonds)
do
103. 63
101. 65
101. 72
103. 86
101. 62
103. 29
103. 62
102. 87
103. 90
103. 24
104. 16
104. 22
104. 36
U. S. Treasury bonds, taxable
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
60, 737
53, 189
49, 004
50, 767
72, 615
67,512
47, 468
77, 916
51, 480
88, 494
64 646
107, 958
Market value
thous of dol
84 642
78, 549
67, 171
59, 560
76, 590
67, 997
87, 224
84, 939
97, 114
68, 959
116, 471
84, 467
144, 088
Face value
do
111 120
New York Stock Exchange:
57, 108
50, 459
47, 431
46, 165
69, 941
44, 469
75, 101
63, 443
47, 938
84. 757
60, 157
80, 274
103. 400
Market value
_
do
73, 916
55, 721
72, 458
63, 601
84, 074
63, 433
78, 760
64, 706
93, 378
111,305
79, 064
105, 909
Face value__
_
do
138, 310
New York Stock Exchange, exclusive of stopped
64, 021
66, 223
66, 839
62, 284
55, 413
64, 257
63, 934
85, 117
68, 487
98, 704
74, 692
99, 080
119, 727
sales, face value, total §
thous. of dol
31
52
3
5
30
61
72
12
1
24
25
22
0
U. S. Government
do
66, 171
62, 279
63, 990
55, 352
66, 836
64, 227
68, 415
85, 093
63, 922
119, 702
74, 692
98, 703
99, 058
Other than U. S. Government, total §
do
59, 388
58, 779
54, 847
54, 953
58, 133
47, 169
56, 494
59, 215
76, 453
87, 246
108, 323
Domestic
do
67, 065
91 063
5,166
6,769
7,350
11, 804
6,035
8,166
7,412
9,161
8, 616
11, 280
11, 420
Foreign _
do
7,598
7,938
Value, issues listed on N. Y. S. E.:
133, 643
132, 813
132, 210
132, 029
132, 221
131, 686
125, 497
128, 021
127, 777
132, 445
128, 464
125, 846
Market value, total, all issuescf
mil. of dol._ 132, 098
131,124
131, 956
130, 392
130, 326
130, 535
130, 000
130, 509
126, 054
124, 116
123, 766
126, 755
126, 290
Domestic
do
130, 726
1,436
1, 432
1,422
1,455
1,452
1,432
1, 469
Foreign
do
1,458
1,475
1,476
1,477
1,463
1,452
131, 254
130, 975
129, 874
131,360
130, 402
131, 381
125, 332
129, 870
123, 645
123,610
129, 854
125, 410
125, 373
Face value, total, all issuescf
do
128, 724
129, 017
127, 644
129, 094
129, 120
128, 146
127, 608
121, 440
123, 142
123, 119
Domestic ..
.
_
do
123, 190
127, 597
121, 411
2,016
2,001
1,988
2,011
1,981
2,006
2,012
1,949
Foreign
._
do
1,963
1,981
1,955
2,007
1,970
Yields:
2.92
3.00
2.98
3.00
3.00
2.90
2.84
2.84
2.83
Domestic corporate (Moody's)
percent- .
2.90
2 89
2.86
2.83
By ratings:
2.67
2.62
2.70
2.71
2.71
2.60
2 61
Aaa
_
do
2.58
2 60
2 58
2 58
2 60
2 57
2.75
2.79
2.71
2.78
2.78
2.69
Aa
do
2 70
2 67
2 66
2 66
2 68
2 65
2 65
3.05
3.04
3.03
2.96
2.95
3.04
2 94
A _
do
2 93
2 89
2 86
2 86
2 86
2 85
3.46
3.45
3.45
3.40
Baa
_
_ _
_ _
do
3.47
3.37
3.36
3.24
3 24
3.35
3.31
3 23
3 24
By groups:
2.75
2 70
2 68
2.78
2.78
2.78
Industrial
do
2 68
2 67
2 64
2 65
2 64
2 63
2 63
2.96
2.89
2.84
2.95
2.93
2.86
Public utility
do
2 83
2 79
2 79
2 81
2 78
2 78
2 79
3.29
3.27
3.26
3.21
Railroad
___
do
3.29
3.19
3 14
3.20
3.20
3 08
3 07
3 08
3 08
Domestic municipal:
2.13
2.13
Bond Buyer (20 cities)
do
2.21
2.12
2.20
2.16
2 13
2 11
2 08
2 02
2 01
2 03
2 05
2.26
2.20
2.22
2.20
2.21
Standard and Poor's Corp. (15 bonds)
do
2.28
2.20
2.13
2.17
2 06
2 07
2 08
2 08
2.22
2.27
2.38
2.38
2.24
U. S. Treasury bonds, taxable
do
2.38
2.22
2.20
2.19
2.24
2.27
2.20
2.30
' Revised.
1 Less than $500,000.
^Revisions for January-July 1948 are available upon request.
*New series. See corresponding note on p. S-18.
fRevised series. See corresponding note on p. S-18.
§Sales figures include bonds of the International Bank for Reconstruction and Development not Sxiown separately; these bonds are included also in computing average price of all listed
bonds.
cf Total includes bonds of the International Bank for Reconstruction and Development not shown separately.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
April
June
May
July
August
September
October
November
December
January
February
March
April
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments publicly reported:^
Total dividend payments
mil. of doL.
Finance
do __
Manufacturing
do
Mining
do
Public utilities:
Communications
do
Heat, light, and power
do
Railroad
do
Trade
do
Miscellaneous
_
do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody's):
Dividends per share, annual rate (200 stocks)
dollars _ _
Industrial (125 stocks)
do
Public utility (24 stocks) t - _ do _
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks)
do
Price per share, end of month (200 stocks) .._do
Industrial (125 stocks)
do
Public utility (24 stocks) f
do
Railroad (25 stocks)
-do
Yield (200 stocks)
percent
Industrial (125 stocks)
do
Public utilitv (24 stocks) t
do __
Railroad (25 "stocks)
do _ _
Bank (15 stocks)
do
Insurance (10 stocks)
_ do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks) t
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, high-grade, 11
stocks (Standard and Poor's Corp.) _ _ -percent- Prices:
Average price of all listed shares (N. Y. S. E.)
Dec 31, 1924=100
Dow- Jones & Co., Inc. (65 stocks) dol. per share. _
Industrial (30 stocks)
__ _ _
do _ _
Public utility (15 stocks)
do
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad :§
Combined index (416 stocks) _ _ .1935-39= 100. .
Industrial, total (365 stocks)
do
Capital goods (121 stocks) _
do
Consumers' goods (182 stocks)
do
Public utility (31 stocks)
do _ Railroad (20 stocks) _ _ _
do
Banks, N. Y. C. (19 stocks)
do
Fire and marine insurance (18 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil of dol
Shares sold
thousands, On New York Stock Exchange:
Market value
__ ._ mil. of dol _
Shares sold
thousands
Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands..
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of dol__
Number of shares listed
millions- _
r r809. 8
68. 3
'491.9
'68.5
' 491.1
' 101.8
r
225. 6
'5.1
'191.6
' 37. 0
'94.3
'1.5
' 721. 1
43.7
' 448. 6
'61.3
' 12.5
r
7.4
••3.2
25.3
50.7
39.2
44.9
21.0
'58.5
'44.0
r
13. 5
r
33. 6
'9.0
.4
'41.2
5.9
' 8.6
'2.7
25.5
47.7
27.5
46 7
20.1
'58.4
'57.7
' 15. 5
' 40 5
'8.2
3.09
3. 18
1.66
2.46
2.35
1.99
3.08
3.17
1.66
2.46
2.35
1.99
3.05
3.14
1.67
2.46
2.33
2.03
3.04
3.12
1.67
2.46
2.33
2.03
3.03
3.10
1.66
2.46
2.33
2.03
3.01
3.08
1.68
2.45
2.33
2.10
45.37
45.28
27.75
28. 52
43.77
43.46
27.62
27.60
43.58
43.48
27.02
26.52
45.76
46.01
28.03
27.43
46. 64
46.91
28.76
27.52
6.81
7.02
5.98
8.63
4.71
3.34
7.04
7.29
6.01
8.91
4.75
3.38
7.00
7.22
6.18
9.28
4.76
3.52
6.64
6.78
5.96
8.97
4.70
3.35
6.50
6.61
5.77
8.94
4.51
3.26
' 467. 1
••67.2
' 210. 6
6.8
60.2
52.8
19.5
39. 2
10.8
' 188. 2
'26.3
' 98. 6
1.6
T
.4
38.2
' 465. 8
'71.7
' 207. 4
'6.4
530. 2
103.3
232.1
4.6
213.2
37.1
103.2
1.5
818.4
54.6
509.9
69.5
483. 2
78 4
216 0
56
.4
'41.9
'3.6
'7 9
'3.5
'29.6
'59.1
'51.2
' 62 5
'33.5
60.7
46.3
11.7
58 4
13.1
.5
40.6
11.4
16.7
2.2
28.0
52.6
34.3
48 1
21.4
63
4Q
19
41
9
3.01
3.09
1.68
2.36
2.37
2.11
3.26
3 42
1.68
2 30
2 39
2.11
3.27
3.44
1.68
2 24
2.47
2.34
3.26
3.42
1.69
2.25
2.47
2.40
3.27
3.43
1.70
2 16
2.47
2.40
3.27
3.44
1.70
2. 11
2.47
2.40
3.29
3 47
1 71
2 11
2 47
2 41
47.72
48.18
29.58
28.30
49.25
49.94
29. 82
28.26
49.27
49.89
29 81
28.37
51.39
52.28
30.57
30.42
51. 94
52.58
31.60
31.70
52.38
52.88
31.91
31.52
53.07
53. 76
32.08
31.30
55. 05
56 17
32 47
31 38
6 31
6.39
5.68
8.66
4.52
3.21
6.00
2 28
4.04
' 189. 6 ' 1,482.1
'27.8
' 135. 3
' 103. 1 '1,015.5
'1.4
'95.4
6 11
6.19
5.63
8.35
4.41
3.10
6 62
6 86
5.64
8.11
4 61
3.00
6.36
6.58
5.50
7.36
4.54
3.18
6.28
6.50
5.35
7.10
4.55
3.37
6 24
6.49
5.33
6.85
4.32
3.28
6 16
6.40
5.30
6.74
4.42
3.30
5 98
6 18
5.27
6.72
4 38
3.44
0
3
4
8
7
f 7.05
v 2 36
» 5.47
6 75
2 37
3 45
4.07
4.04
3.98
3.97
3.90
3.85
3.88
3.89
3.88
3.83
3.84
3.81
3.82
70.5
63.47
175. 65
35.73
48.27
67.9
62.79
174. 03
35.73
45.90
67.0
59. 25
165. 59
34.31
42.89
70.1
61.61
173.34
35.31
44.31
71.3
63.79
179. 24
36.54
46.14
73.1
64.68
180. 93
37.65
46.65
75.9
66.66
186. 47
38.25
48.68
76 2
67.98
191.61
39.22
48 46
79.1
70.35
196. 78
40.55
51.21
72.53
199. 79
41.52
54.68
73.64
203. 46
42.62
55 16
74.52
206. 30
43. 16
55. 48
75.86
212. 67
42.86
55 72
118.5
124.2
111.6
121.2
96.1
97.1
93.9
140.9
117.7
123.5
110.4
121.2
95.3
95.8
93.3
139.7
112.0
117.0
104.3
116.7
93.0
88.4
91.0
134.5
117.8
123.8
110.5
123.9
95.4
90.6
92.5
138.1
121.8
128.0
114.5
127.4
98.5
94.2
95. 5
144.9
123.8
130. 3
116.0
129.2
100.0
95.1
96.8
149.0
127.3
134.4
119.7
133.0
101.2
97.6
99.5
157.2
129.1
136.5
123.8
135. 2
102.6
96.2
99.3
160.1
132.7
140.3
128.6
140.2
104.1
101.0
99.6
168.1
135.1
142.6
132.1
143.4
105.8
107.8
101.8
168.5
136.7
144.4
134.5
145.3
107.4
107.2
104.2
169.0
138. 8
146. 5
136. 3
146.5
109.6
108.5
107.7
170.6
141.8
150. C
141.4
148.7
111.0
109.5
104. 5
166. 7
853
40, 684
765
37, 411
705
39, 437
626
37, 950
807
39, 057
871
40, 437
1,083
51, 455
1,222
55, 245
1,480
68, 535
1,663
73, 807
1,374
59, 240
1, 691
67, 872
1,807
86, 339
722
30, 293
639
26, 709
587
28, 776
526
29, 139
672
28, 977
729
29, 937
906
38, 474
1,035
40, 464
1,252
52, 028
1,409
56, 037
1,164
45, 078
1,422
54, 725
1, 532
64, 018
r
19, 314
18, 179
17, 767
18, 752
21 , 785
23, 837
28, 891
27, 244
39. 293
42, 576
33, 406
40, 411
48, 245
66, 238
2,060
64,147
2,072
63, 921
2,140
67, 279
2, 150
68, 668
2,154
70, 700
2, 162
72, 631
2,145
73, 175
2,152
76. 292
2. 166
77, 940
2,181
78. 639
2,184
79. 483
2, 204
82. 415
2,213
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
Goods and services:
Receipts total
For goods exported
Income on investments abroad
For other services rendered
Payments total
For goods imported
For foreign investments in U S
For other services received
' 4, 435
' 3, 448
'351
' 636
' 2, 418
r
1,T761
71
r
586
mil of dol
do
do
do
do
do
do
do
Unilateral transfers (net), total
Private
Government
do
do
do
Long-term capital movements (net), total
Private
Government
do
do
do
Gold and short-term capital movements (net), total
mil. of dol
Gold and foreign short-term capital in U S do
U. S capital abroad
do
r
r
- 1,683
'-126
—l, 557
' 3 685
' 2, 770
' 315
' 600
' 2, 346
r
1, r593
68
' 685
r
r
-l, 403
r
112
— 1,291
r
r
— 57
r
— 23
r
328
'—222
r
— 106
r
-293
'—412
+119
r
— 34
r
— 375
'—269
— 106
' 3 506
' 2, 664
'359
' 483
' 2, 401
r
1,830
' 92
r
479
'-1,212
'—138
'-1,074
3,190
2,424
284
482
2, 537
1,968
82
487
-1,120
— 112
-1,008
r
—
r
170
— 135
'—35
-179
— 107
— 72
'+346
+388
' 42
+458
+326
+132
r
r
r
Errors and omissions
.do
'+287
+496
-59
+188
p Preliminary.
' Revised.
c?Revised data for January-March 1949, respectively (mil. of dol.): Total dividend payments, 514.4, 201.5, 731.0; finance, 100.7, 37.0, 40.7; manufacturing, 221.2, 98.1, 452.5; mining, 5.2, 2.0,
66.6; public utilities—communications, 53.7, 0.4, 23.8; heat, light, power, 47.5, 36.5, 43.0; railroad, 22.1, 9.9, 37.2; trade, 53.2, 15.3, 48.6; miscellaneous, 10.8, 2.3, 18.6.
tRevised series. Data for American Telephone and Telegraph stock (included in figures for 200 stocks) are excluded. Monthly data for 1929-48 are available upon request.
§Number of stocks represents number currently used; the change in the number does not affect the continuity of the series.
SUKVEY OF CURRENT BUSINESS
June 1 5
90
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-21
1950
1949
April
May
June
July
August
Septem- October
ber
November
December
January
February
March
April
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADEt
Indexes
Exports of U. S. merchandise:
Quan tit y
Value
_ ___ _
Unit value
Imports for consumption:
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
243
310
128
230
291
126
233
294
126
194
239
123
191
234
123
196
241
123
189
227
120
186
223
120
208
251
121
164
197
120
172
204
119
194
230
119
131
165
126
133
167
126
134
166
124
117
144
123
132
161
122
135
166
123
144
176
123
154
186
121
153
187
122
158
195
123
148
185
125
164
206
126
117
147
116
146
115
159
84
118
91
104
93
77
99
72
99
77
116
93
89
85
98
113
103
116
do
do
148
174
162
180
154
181
133
164
154
155
152
124
136
106
133
117
136
122
100
104
103
124
110
125
do
do
96
91
92
93
97
104
91
100
97
105
102
107
98
99
114
120
111
108
111
105
108
105
114
101
7, 251
5,443
8,273
5,683
7,945
5,829
4,907
5, 459
5, 750
4,553
6,247
3,083
3,705
'3,815
6,271
6 298
6 058
2, 628
6 654
2,678
5,975
1,166
1,092
1,104
899
880
906
850
836
943
746
773
58,182
240, 636
406, 991
188, 489
115, 305
156, 162
51, 753
21 4, 729
399, 993
196, 899
102, 868
125, 910
76, 554
212, 065
392,153
185,614
104,961
132, 584
54, 945
194. 900
280, 243
150, 917
89, 482
128,403
37.710
172,162
49,814
185,152
280, 740
169, 744
106, 499
286, 450
878
181
712
228
440
633
47, 657
197,019
324, 487
144, 987
118, 302
110, 401
315
739
455
432
681
931
31 606
150, 002
269 117
119,980
99, 691
99, 580
28 220
169, 515
287 920
148, 698
124, 577
108, 170
5,406
27, 844
4,076
28, 740
4,501
29, 136
10, 822
3,561
26, 816
34, 549
36, 385
12, 647
41, 632
13, 924
3,047
7,225
33, 695
47, 819
10, 593
37, 624
56, 792
72, 542
54, 186
3,077
61, 770
1923-25 = 100
_ . _ _ do
do
-
do
do
do
1924-29=100
do _.
.
Shipping Weight
Water-borne trade:
Exports, including reexports thous. of long tons
General imports
do
r
r
T
5 267
Value
Exports, including reexports, total
mil. of dol__
By geographic regions:
Africa
thous ofdol
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
Total exports by leading countries:
A frica :
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
do
British Malaya
_do
China
do
India and Pakistan
_ _
__
do
Japan
do
Indonesia
do
Republic of the Philippines
_ __
do _
Europe:
France
do
Germany
_
do
Italv
do
Union of Soviet Socialist Republics
do
United Kingdom
_
do
North and South America:
Canada, incl. Newfoundland and Labradorf-do
Latin- American Republics, total . _ _
do Argentina
___
do
Brazil
do
Chile
do
Colombia
do
Cuba
_ __
..
do
Mexico
do
Venezuela
_ _ _
__ _ _
do
Exports of U. S. merchandise, total
mil. of doLBy economic classes:
Crude materials - __
thous. ofdol
Crude foodstuffs
do
Manufactured foodstuffs and beverages. -do
Semimanufactures
do
Finished manufactures. _
_ ___
do
By principal commodities:
Agricultural products, total f
do
Cotton, unm anufactured . .
do
Fruits, vegetables, and preparationsd"__do
Grains and preparations. __ ... _
do
Packing-house products cf _ _ .. __ do
152.317
42
173,
285
146
104,
97
535
271
171
986
689
665
33
149
277
150
128,
96
24
145,
237
128
114,
92
r
i 868
112,752
104. 897
127, 058
4,287
23, 416
3,636
17, 525
3,589
18, 076
2,991
20, 411
3,546
13 952
2,758
18, 729
2,338
6 876
2, 160
8 592
1,714
9 198
12, 599
2, 938
2,090
36, 303
41, 471
9,740
31,847
12, 936
2,965
2, 433
22, 930
41, 042
8,434
36, 335
7,937
10, 606
2,616
820
14,177
42, 586
6,605
32, 821
11,419
8,064
2, 167
280
14, 986
32, 147
5,813
38, 966
1,839
714
9,977
24, 479
4,243
35, 190
13, 333
2,037
3,250
17,328
39, 237
12, 032
41, 425
10, 179
1,275
3 400
16 818
34 238
9 616
19,601
8, 065
1, 706
8 199
20, 521
33 8C>5
6 382
17, 343
10, 361
1,408
4 186
36 552
30 429
6 842
24, Oil
42, 700
81, 742
52, 911
384
76, 156
62, 063
59, 186
51, 872
60
78, 274
25, 423
64, 137
23, 370
422
50, 294
26, 853
63, 379
20, 420
80
52, 346
29, 279
59, 107
28, 407
60
55, 905
32, 175
64, 177
23, 873
21
42, 496
30,717
60, 807
37, 627
122
54, 934
36 960
33 968
27, 523
13
28 997
39 Oil
32 267
32, 343
130
55, 966
33 272
41 891
31, 846
38
54 683
188, 474
254, 283
196, 836
185, 596
221, 369
146, 983
190, 488
6,110
28, 948
12,346
14, 698
27, 240
42, 192
45, 984
150, 844
203, 379
13, 689
28, 690
152, 314
217, 400
9.858
11,530
32,918
10,322
150, 188
207, 879
9,419
18 915
9 289
12 456
32, 872
35 671
33 014
144, 982
214, 270
8, 730
18, 954
12 698
16, 403
38, 254
37 676
36, 763
128, 430
196, 644
10 751
18 672
6 823
14 261
32 508
39 244
30 965
1808
36, 019
14, 527
19,336
29, 527
44, 489
54, 516
1,156
214,093
1,082
196, 206
98, 538
97, 029
133, 505
630. 720
173,
139,
86,
127,
556,
341, 983
100, 674
343, 407
80, 653
15, 469
151, 083
17, 901
18,352
114, 239
24, 751
500
075
132
224
323
8,307
33, 974
14, 230
14, 115
29, 241
36, 078
44, 278
12,625
13, 335
25, 531
32, 993
43, 347
2,816
965
16, 580
34, 333
7,944
28, 954
22, 868
63,412
19, 139
128
53, 203
169,739
204, 310
13, 731
25, 025
1 0, 071
9, 662
26, 610
31, 456
38, 438
12, 920
11,738
30, 963
30, 796
41, 799
19 464
8 952
11 644
34, 777
35 888
34, 287
119,
188,
15
19
6
13
27
34
32
1,093
889
872
896
844
829
934
736
179, 646
97, 875
98, 529
71, 411
104, 652
516, 581
108, 346
122,821
130, 476
94, 245
59, 198
83, 640
461, 128
171, 884
124,509
133, 784
83, 982
63, 495
86, 786
475, 791
63, 826
101, 143
505, 362
121, 899
66 600
49, 109
77 509
419' 460
141,
68
44,
86
420
235, 438
38, 607
10, 799
260, 071
69, 358
18, 402
110,907
125, 374
1 2, 938
258, 919
71, 704
16, 1 29
99, 324
12, 599
299, 853
106, 050
14, 893
104, 866
14, 177
224,
84,
10,
80,
10
111,521
86. 958
125, 859
589, 324
320, 158
90, 191
13,813
118,565
21, 716
14, 140
49, 726
102, 400
52, 437
100,590
104,389
488, 892
514, 449
244. 509
28, 381
245, 842
9,389
11, 299
105, 949
12,321
36,126
93,117
10, 213
91,834
510
414
107
343
366
976
751
624
468
306
955
336
323
076
148,
214,
11
22
6
17
33
38
36
693
694
551
824
712
303
837
419
237
765
1858
365
476
053
874
680
165, 638
64 465
48, 203
91 319
488 168
246, 013
102, 389
15, 757
70, 179
13 815
260, 705
*799
111,492
14,513
66, 517
15 095
E!
814, 014
738, 848
Nonagricultural products, totalt _ _ _ _do
583, 768
773, 149
653,610
627, 554
650, 653
569, 767
634, 197
515, 434
510,067
597, 089
1
1
15, 094
8, 673
i 7, 891
i 7, 224
1 15, 257
i 7, 702
Aircraft, parts, and accessories _
do
i 7, 449
i 6, 776
i 10, 954
i 11 386
i 12 457
14 653
64, 968
73, 350
61 , 374
i 59, 525
i 44, 441
i 53, 421
i 56, 633
i 53, 359
Automobiles, parts, and accessories^- -do
i 41, 434
i 44,015
i 46, 937
i 48, 610
63, 732
74, 223
64, 378
58, 801
58, 549
58, 397
62, 175
Chemicals and related productscf
do
58, 190
67, 047
50, 259
53, 398
62, 161
5,719
5,514
7,396
7, 832
4,243
3, 539
3,727
5,053
Copper and manufactures cf
do
9, 390
8,130
4,717
7,215
76, 711
67, 795
70, 439
78, 761
64, 125
Iron and steel-mill products
do
37, 768
67, 699
26, 227
48, 866
41, 436
40, 375
39, 879
1
1
1
231,907
206, 564 i 223, 165 i 202, 673
179, 053 i 191, 715 i 175, 995 i 169, 082
Machinery, total cf - do
202, 808 1 161 646 i 159 524 i 193 745
14. 010
11,332
14, 785
13, 041
10, 108
8 892
6 838
7,897
A gri cultural cf
do
7 808
6 527
7 923
10 669
1
1
1
1
31,593
24, 372
i 24, 192
Tractors, parts, and accessories*
do
25, 938 i 26, 644
i 20, 978
i 20, 700
i 19, 540
i 23, 412
21, 328
22, 580
i 24, 224
1
1
i 37 746
i 30 517
43, 513
34, 638
133,712
1 36, 701
i 27 457
35, 290
131 050
133 977
i 31 824
Electrical cf
do
i 36 905
Metal working
do
17, 484
15,315
19, 194
17,109
14, 836
15, 792
16, 046
16 238
17 008
13 837
15 741
20 750
113,888
95, 931
107, 957
89, 520
91,584
79, 794
76, 145
74, 943
Other industrial cf
do
90, 580
70^ 522
67, 200
81, 197
54, 042
54, 252
48, 708
Petroleum and products
__
do
47, 193
39, 965
40 397
42, 694
35 373
32 581
40 419
36 459
35 434
55, 402
57, 964
Textiles and manufactures
do
61, 525
45, 767
44, 085
50, 270
49, 874
43, 864
49, 591
33, 581
33, 128
44, 638
r
Revised.
i Excludes "special category" exports not shown separately in the interest of national security.
^Revisions for various periods in 1947 and 1948 have been made (since publication of the 1949 STATISTICAL SUPPLEMENT) in most of the foreign-trade items and there will be further changes
beginning 1946 as final data are completed by the Bureau of the Census', moreover, the revaluation of tin imports and the transfer of certain "relief and charity" food items from the nonagricultural exports group to the agricultural group have affected the pertinent series back to 1942. Revisions will be shown later.
fRevised series. Figures beginning January 1949 have been revised to include data for Newfoundland and Labrador.
cf Data beginning 1948 have been adjusted in accordance with the 1949 commodity classifications. Revised figures for January-July 1948 are available upon request.
*New series; included with agricultural machinery prior to 1948.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
April
May
June
July
August
September
October
November
December
February
January
March
April
664, 400
583, 300
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE§— Continued
Value— Continued
General imports total
thous of dol
By geographic regions:
Africa
do
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
British Malaya
do
China
do
India and Pakistan
do
Japan
do
Indonesia
do
Republic of the Philippines
do
Europe:
France
.do
Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada, incl. Newfoundland and Labrador!
thous of dol
Latin-American Republics, total
do
Argentina.. __ .
_
_
-do
Brazil
do
Chile
do_.
Colombia
do
Cuba _ __ . . .
do
Mexico
do
Venezuela.. _
_
.do
Imports for consumption, total
do
By economic classes:
Crude materials
do .
Crude foodstuffs.
_ _ _ ._ do_. _
Manufactured foodstuffs and beverages, .do _
Semimanufactures.
do.. _
Finished manufactures
do
By principal commodities:
Agricultural products, total
_
do
Coffee
___
do
Hides and skins
do
Rubber, crude, including guayule. _ do._
Silk, unmanufactured
do
Sugar.
_
.
_ _ _ do _ _
Wool and mohair, unmanufactured
do
Nonagricultural products, total . _
do
Furs and manufactures
do __
Nonferrous ores, metals, and manufactures,
total.
thous. of dol. _
Copper, incl. ore and manufactures^, do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do _.
534, 296
540, 630
525, 964
456, 413
490, 747
530, 794
559, 106
593, 694
605, 068
622, 698
21, 101
128, 246
66, 824
122, 029
86, 133
109, 962
24, 854
126, 670
67, 240
130, 194
81, 571
110, 101
27, 632
106, 298
69, 156
131, 306
81, 608
109, 963
23, 491
94, 060
58, 355
108, 068
68, 441
103, 997
20, 014
101, 604
64, 297
120, 960
68, 610
115, 263
29, 182
97, 722
78, 947
119, 571
68, 631
136, 742
27, 105
110, 047
79, 954
139, 352
69, 770
132, 878
27, 214
118, 257
89,611
157, 379
69, 022
132, 210
34, 342
106, 957
81, 030
145, 348
69, 716
167, 676
26. 394
127, 565
89, 337
127, 895
88, 458
163, 049
231
6,295
429
7,286
76
7,097
189
9,339
62
8,119
6,907
9,658
170
12, 439
295
14, 010
404
12, 288
5,318
25, 745
5,987
29, 582
6, 355
12,117
15, 075
13, 913
13, 808
6, 501
20, 949
5,535
10,833
22, 856
11,812
9,901
5,805
21, 833
6,637
11,368
20, 442
2,727
10, 822
7,749
14, 140
5,574
8,979
21,813
5,183
17, 082
8,846
17, 252
5,771
8,970
20, 569
4,647
15, 496
6,470
18, 573
6,792
10, 086
16, 166
5,153
15, 475
9,430
20, 545
6,275
12, 090
17, 043
6,587
18, 589
13, 304
22, 670
8,035
10, 628
14, 962
5,247
4,371
4,430
1,318
14, 105
3,802
4, 606
3,789
4,209
15, 232
3,672
2,896
6,326
4,637
14, 707
3,872
1,499
5,430
3,531
15, 106
4,998
2, 836
6,817
2,961
16, 102
4,844
2,484
4,406
7,090
20, 623
4,996
2,588
7, 518
2,765
18, 919
122, 029
185, 065
4, 500
41, 919
13, 528
16, 198
36, 516
21, 725
22, 628
526, 903
130, 194
181, 887
6,790
34, 163
18, 760
14, 168
37, 423
19, 918
23, 114
533, 635
131, 108
181, 044
7,532
36, 943
14, 367
18, 324
35, 080
23, 761
21. 022
529, 489
108, 067
162, 131
5, 637
34, 000
7,648
22, 609
30, 363
13, 356
23, 620
458, 938
120, 552
174, 557
5, 044
39, 866
11,955
21, 844
33, 349
15, 081
21, 680
513, 086
119, 571
193, 458
6,716
53, 784
10, 046
20, 604
32, 670
15, 670
23, 357
528, 887
145, 509
109, 913
60, 917
110, 697
99, 867
154, 123
90, 189
68, 997
114, 362
105, 965
149, 220
102, 098
68. 118
110, 598
99, 456
126, 178
92, 462
65, 124
84, 856
90. 318
137, 883
91, 746
69, 227
114, 424
99, 806
227, 046
58, 906
5,439
19, 387
34
35, 292
10,813
299, 858
9,127
216, 116
48, 995
7,051
19, 933
42
39, 730
10, 629
317,519
11,936
233, 310
56, 038
6,173
19, 198
86
38, 186
15. 605
296, 179
8,100
205, 067
58, 542
6,168
16, 649
23
36, 525
11,671
253. 871
9,270
73, 767
21, 582
28 383
12, 427
34. 200
38, 244
72, 041
20, 558
17, 518
17, 838
39, 195
36, 855
66. 374
17,763
13 495
17, 619
37, 201
37, 473
39, 486
11, 007
11, 685
14, 253
35, 942
36, 490
r
600. 300
r
T
48, 705
114, 435
79, 550
125, 701
89, 413
140, 924
46, 997
125, 648
97, 037
149, 985
111,774
131, 842
3,290
6,540
9,701
9,010
10, 998
11,841
11, 638
12, 702
6,729
23, 131
7,013
9,289
10, 175
18, 006
19, 121
8,639
21,362
9,553
8,958
15, 045
13, 111
19, 003
6,940
19, 233
9,552
5,608
14, 181
7,535
16, 472
10, 081
26, 380
11,828
7,007
16, 268
6,580
4,054
6,634
1,766
22, 718
5,456
4,333
5,778
1,700
21,210
5,466
4,563
5,121
2,437
18, 168
6,776
4,069
5,552
4,575
17, 767
8,092
5,367
9,550
3,464
20, 961
139, 201
188, 702
8,767
48, 851
6,519
23, 754
32, 014
16, 772
27, 004
561, 906
157, 177
189, 204
6,079
61, 518
7,547
22, 716
27, 586
19, 562
22, 624
592, 542
144, 996
221, 507
16, 247
80, 747
8,933
21,345
12, 553
23, 478
27, 565
595, 065
127, 895
235, 282
19. 007
55, 243
9,912
30, 004
18, 625
27, 261
32, 232
621, 755
125, 701
219, 452
18, 544
41, 908
12, 083
28, 283
30, 808
22, 517
21, 823
590, 000
149, 985
226, 967
18, 337
42, 999
10, 022
18, 736
47, 824
23, 708
28, 471
659, 800
160, 163
103, 233
59, 467
106, 284
99, 740
160, 669
110, 520
64, 824
121, 122
104, 770
154, 772
139, 790
61, 783
129, 863
106, 334
162, 817
152, 994
41, 386
133, 963
103, 904
183, 716
154, 319
46, 582
137, 663
99, 475
169, 177
139, 523
58, 090
129, 635
92 228
184, 071
128, 459
80, 124
145, 694
120 312
225, 334
55, 294
7,044
17, 171
45
37, 683
20, 734
287. 753
8,270
239, 533
65, 992
6,661
15, 165
71
27, 741
22, 553
289. 354
11, 002
242, 027
65, 812
6,045
15, 892
156
29, 276
22. 472
319, 879
13, 651
271, 078
77, 582
5,646
22, 339
115
23, 758
22, 138
321, 464
4,542
272, 295
105, 684
6,470
22, 631
301
6,827
26, 053
322, 770
7,828
292, 284
104, 885
7,539
19, 834
1,238
15, 782
37, 061
329, 471
11,368
294 704
84, 241
7 175
18, 991
1 270
27, 614
35 081
293 949
6 599
306 496
73 089
7 973
22 947
1 192
43 344
31 863
352' 164
9 318
59, 252
15, 196
18 892
16, 495
38, 192
35, 546
51, 021
13, 179
21 370
13, 677
33, 636
38, 191
59, 711
13, 024
26 707
19, 132
37, 498
46, 281
56, 411
14, 377
17 850
24,318
35, 735
43, 429
53, 588
19, 213
8 691
20, 868
38 921
48, 576
63, 082
19, 253
17 360
22, 623
34 576
54, 428
58, 283
19, 063
15 076
19 747
31 708
38! 186
54, 018
14, 862
10 593
21 696
35 606
5l! 305
r
571 700
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue
thousands
Express and freight carried
short tons..
Express and freight ton-miles flown. .thousands..
Mail ton-miles
flown
do
Passengers carried, revenue
_
do
Passenger-miles flown, revenue
do
26, 884
16, 489
10, 991
3,554
1,226
563, 013
28, 257
14, 766
8,921
3,320
1,311
594, 050
28, 089
14, 350
8,977
3,233
1,389
659, 605
29, 257
13, 082
8,177
2,915
1,342
621, 449
29, 370
15, 734
10, 177
3,116
1,326
607, 332
28, 084
18, 161
11, 381
3,094
1,339
616,559
28, 116
19, 014
11, 791
3,248
1,286
593 402
26 037
18, 709
11, 425
3,310
1,080
490 167
26 014
22, 007
13. 460
4,952
941
464 170
24 946
15, 784
9,714
3,302
915
468 709
23 696
14, 529
9,276
3,217
942
466 757
26 001
i 17, 227
11.443
3. 685
1 109
552 098
19, 992
44
21,810
19
20, 877
1
19, 736
<**6
19,d324
46
20 487
51
19 808
41
20 077
18
23 190
19
19 566
54
18 655
56
19 372
67
9. 2287
1,358
130, 400
9. 2895
1,331
127, 700
9.3114
1,268
122,000
9. 3869
1,169
116, 400
9. 4501
1, 193
121, 600
9. 4793
1,220
116, 800
9 5158
1,265
125, 100
9 5523
1,226
124 200
9 6399
1,293
135 100
q gQ29
1,236
121 100
9 8029
1,135
114 000
9 8428
1.274
123 700
2 638
559
26
160
°06
52
52
334
3 121
' 626
59
180
214
48
66
385
Express Operations
Operating revenues _
Operating income _
.
_.
thous. of dol
do
Local Transit Lines
Fares, average cash rate.. __.
Passengers carried, revenue
Operating revenues \
_ _
cents
millions..
thous. of dol
9 8516
1, 191
Class I Steam Railways
Freight carloadings (A. A. R.):d"
T
2 923
Total cars
thousands
3 603
3 079
3,099
2 762
3 391
2 339
Coal
__
do
634
633
560
i 459
393
410
205
54
Coke
_
do
59
57
35
38
49
16
Forest products
do
148
159
191
139
163
193
162
174
188
Grain and grain products
do
279
291
216
240
217
Livestock ._
do
39
37
38
33
41
69
75
266
303
Ore
do
396
311
277
299
33
374
378
445
Merchandise, 1. c. 1 ..
do
329
364
416
353
1,381
1,350
1.232
1.364
Miscellaneous..
do
1.637
1.714
1.277
r
d
Revised.
Deficit.
f See corresponding note on p. S-21.
1 Excludes data for one carrier.
§See note marked "J" on p. S-21.
{Data for 1947 revised; see note marked " J" on p. S-22 of the September 1949 SURVEY.
cfData for June, September, and December 1949 and March 1950 are for 5 weeks; other months, 4 weeks.
1 . 950
1 542
2
0QO
435
48
1 oc
162
37
2 288
' 259
42
140
157
29
AC
A(\
298
320
1 941
1 9Q7
o AAK
787
56
206
37
4 9/1
i fiee
K(*
<3A
Q.11
1 AQA
SUKVEY OF CURRENT BUSINESS
June 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S--23
1950
1949
April
May
June
July
August
September
October
November
December
January
February
March
April
TRANSPORTATION AND COMMUNICATIONS—Continued
TR AN SPORT ATION—Continued
Class I Steam Railways—Continued
Freight carloadings (Federal Reserve indexes) :
Total, unadjusted
1935-39=100..
125
Coal
_
do
129
Coke
_- _ _ _
do
184
119
Forest products
do
Grain and grain products
do
121
Livestock _
do
68
Ore _ _ .
._
do
228
Merchandise, 1 c. 1
do
60
Miscellaneous
_ _ _ _ do
130
Total, adjusted
do
127
129
Coal
do
188
Coke
__
do
119
Forest products
do
Grain and grain products
do
138
Livestock
_ __ _
do
76
215
Ore - -do
59
Merchandise, 1. c. I
_- - .- . -do
132
Miscellaneous
do
Freight-car surplus and shortage, daily average:
78, 336
Car surplus, total
number..
28, 600
Box cars
do
39, 994
Coal cars
___ _
do
Car shortage, total
__
_do
236
Box cars
.
do
35
74
Coal cars
do
Financial operations (unadjusted) :
r
Operating revenues, total __ _ _ thous. of doL T 747, 280
620, 312
Freight
_
do
68, 659
Passenger
do
T
594, 286
Operating expenses
do
Tax accruals, joint facility and equipment rents r
thous. of dol. . r 88, 533
64, 474
Net railway operating income
do
39, 989
Net incomet _ ___
do
Financial operations, adjusted:
741.9
Operating revenues, total
mil. of dol
610.4
Freight
_
__.
do
Passenger
do
71.0
Railway expenses __
_
do
689.1
52.8
Net railway operating income
do
Net income.
_
do
21.3
Operating results:
50, 199
Freight carried 1 mile.
_
mil. of ton-miles
Revenue per ton-mile
_
cents _
1. 321
Passengers carried 1 mile, revenue.
millions
2,770
96
46
130
115
111
52
39
51
122
104
46
122
119
113
65
156
52
130
120
139
144
123
116
53
39
54
127
127
139
143
123
126
67
134
53
134
122
123
177
129
115
61
63
54
135
126
123
181
129
131
68
136
53
137
110, 945
17 425
77 385
224
111
37
165, 541
11, 701
139, 311
569
414
16
76, 055
4,867
58, 377
5,012
2,749
2 121
1 8, 362
5 103
4, 559
4,906
2, 795
1 810
657
537
69
546
584,
481,
57
5C1,
125
130
171
128
132
66
267
59
127
124
130
173
123
150
73
215
59
126
119
98
147
127
159
54
282
57
126
115
98
150
122
156
70
182
58
122
115
79
115
117
212
60
284
55
121
110
79
118
117
177
70
177
55
120
120
103
119
131
149
73
240
57
128
117
103
123
125
138
77
160
57
127
114
60
128
130
140
104
218
55
135
105
60
130
121
125
79
145
52
125
99
42
53
131
153
131
35
56
121
92
42
54
124
153
85
28
54
111
120
131
96
135
149
95
51
55
124
117
131
96
137
152
75
42
54
119
107
97
155
119
123
69
45
50
120
115
97
148
134
131
72
146
52
127
107
97
158
106
119
68
42
49
122
117
97
151
118
119
70
169
52
133
49, 195
34, 365
4,321
375
71
164
60, 083
35, 263
14, 786
388
184
32
86, 418
17, 839
59, 834
1,741
1,632
5
63, 822
11, 103
43, 570
2,451
2,254
113
74, 745
7,697
62, 109
3,582
3, 173
104
190, 978
3,451
183, 594
10, 924
10, 346
132
100, 208
2,368
92, 938
5,964
3,918
1 909
44, 382
8,303
25, 833
1,021
448
517
648
811
564
818
742, 877
606. 201
78 606
587, 116
694, 969
569, 491
69, 833
540, 988
648,
534,
60
520,
924
885
993
920
704, 806
587, 060
63 776
537, 354
741,
615,
67,
600,
069
923
858
852
735, 439
599, 507
77, 076
588, 177
82, 621
57, 595
32, 209
85, 998
61, 263
42, 476
80, 493
50, 337
26, 861
90. 034
05, 727
39, 061
90, 444
63, 538
38, 131
81, 219
46, 786
23 592
91, 869
75, 582
54, 425
73, 229
69, 309
82, 455
77, 622
32 758
11 016
736.9
611.7
68.6
676.2
60.6
29.2
748.3
614.5
74.4
677.0
71.3
37.8
700.9
570.1
75.7
649.8
51.1
19.0
697.3
569. 0
70.1
659.1
38.2
5.2
685.2
560.2
70.1
633.1
52.1
18.9
622.9
511.0
62 3
591.9
31.0
0
708.5
588.8
66.7
636.4
72.0
39.3
712.1
584.0
73 0
631.5
80.6
49 1
688
565
72
628
59
29
51, 607
1.283
2,735
47, 964
1.332
3,111
44, 991
1.345
3, 385
47, 107
1.338
3,256
44, 219
1.363
2,910
40, 554
1.400
2,533
46, 036
1.356
2,488
7,847
3,984
3, 863
8,352
4,441
3,911
8,401
4,586
3,816
7,300
4,008
3,292
7,486
4,098
3,390
7.285
3,888
3,396
6,494
'6 596
3,099
2,525
1,174
2,426
1,049
2,330
1,116
2,387
1,047
1,979
928
2,125
1,166
5.62
84
228
5.16
84
234
5.48
84
233
5.27
78
211
5.84
81
222
5.59
86
223
50, 397
53, 899
2,152
1 7, 074
32,319
47, 743
53, 966
2,078
22, 038
34, 602
803
51, 062
71, 695
2, 568
20, 809
32, 294
1, 732
64, 588
i 77, 419
1
79, 459
53, 058
73, 171
i 41, 927
1
v 24, 000
19, 688
3, 333
P 26 000
19, 847
3 126
868
7,883
796
7,370
887
8,135
841
7, 731
245, 937
141, 955
86, 591
193,094
23, 958
34, 318
250, 363
143, 750
88, 844
197, 138
24, 266
34, 493
253, 432
146 744
88, 828
196, 856
26, 458
34, 635
14, 354
14, 167
d
ei2
14,819
14, 228
d
254
15,098
13, 901
360
1,944
1,696
55
2,078
1, 675
180
2,019
1,822
1,896
1,862
d
1,979
1,843
52
1,950
1,845
16
700,
562,
82,
569,
928
965
845
118
743, 326
630, 542
59 555
574, 408
68, 574
15, 236
*9 301
93, 211
75, 706
49 437
6
0
8
9
8
1
638 4
522.9
64 1
536. 8
32. 1
T
1.3
722 5
607.4
60 2
655. 1
67.4
p7 5
45, 190
1.343
2,912
41 793
1 370
2,730
36, 383
1.407
2, 215
50, 937
1. 318
2,304
6.367
3 433
2 934
6.458
3 479
2,979
5,619
3 095
2 523
2,297
1 313
2 079
1 079
2, 638
1 576
5.71
86
213
5.81
80
218
54, 039
37, 141
p 26, 000
15, 501
1,446
825
7,587
249, 852
144, 576
87, 490
195,617
24, 671
34, 766
710,
575,
74,
568,
830
664
379
292
044
338
725
665
713,
601
60
562
820
KOI
555
625
88. 978
62 217
Waterway Traffic
Clearances, vessels in foreign trade:
Total U. S. ports
..thous. of net tons..
Foreign
do
United States
do
Panama Canal:
Total . . . .
thous. of long tons
In United States vessels
do
Travel
Hotels:
Average sale per occupied room
dollars..
Rooms occupied
percent of total
Restaurant sales index
same month 1929 = 100 ._
Foreign travel:
U. S. citizens, arrivals
• number
U. S. citizens, departures
do
Emigrants.
__ _ _
do
Immigrants
do
Passports issued
do
National parks, visitors
thousands
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues ._
thous. of dol
433
r
5, 429
2 933
i 496
6, 465
3 665
2 800
2 508
1 412
2, 565
1 588
2, 762
1 551
2 305
1 339
5.25
67
194
5.41
80
211
5. 43
83
215
5. 25
81
208
5.73
83
230
39 205
131,601
40 723
i 37, 182
40 553
i 42, 388
59 4,57
65, 541
53 434
P 27 000
13 592
678
P 22 000
13 608
298
P 24 000
13 932
188
p
P if, QOO
39 187
304
v 16 000
36 607
5GO
833
7,732
807
7,512
785
7,260
258, 353
146 891
93, 449
199 772
27, 433
34, 902
257, 096
149 629
89, 507
196 780
28, 827
35,059
262, 534
154 018
90 258
195 137
33 119
35, 231
13, 582
13, 939
1, 123
14, 870
13, 964
156
14, 523
13, 420
314
1,826
1,764
d
1,892
1,733
d
20
1, 793
1,809
1 925
1,800
46
r
1
51 656
54, 884
1
14 000
22 069
187
P 15 000
30 156
237
830
7,750
1 026
9 577
845
7,881
262, 745
156 367
88 159
196 809
32 277
35, 408
271, 879
159 895
93 536
205 535
32, 729
35, 635
271,019
161 650
90 417
200 786
32 603
36, 426
262. 131
159 375
84 093
19] 542
33 198
36, 605
230, 803
164 704
97 096
204 642
36 448
36, 813
13, 944
12, 984
253
13 413
12, 673
62
14 584
13, 363
596
13 241
12,' 756
12 636
11, 887
14 565
12, 798
907
1 948
1,617
149
1 817
1, 506
145
1 788
1,548
74
1 882
1,660
38
1 762
1,548
31
1 620
1,584
113
1 901
1, 703
13
1 957
1,696
185
1 938
1, 741
126
1 938
1,827
46
2 962
1,973
205
1 883
1,790
1 784
1,700
2 017
1,835
COMMUNICATION S
Telephone carriers:!
Operating revenues
thous. of dol
Station revenues
do
Tolls, message __
_ _ _
do
Operating expenses, before taxes
do
Net operating income.
do
Phones in service, end of month
thousands
Telegraph, cable, and radiotelegraph carriers:
Wire -tele graph:
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
53
d
l
d
m
d gg
d ggg
d 20
d 83
d
d l^
CO
r
Revised.
v Preliminary.
«* Deficit.
tRevised data for March 1949, $42,158,000.
1
Beginning July 1949, data exclude departures via international land borders; land-border departures during the 12 months ended June 1949 amounted to less than 1 percent of total departures.
tRevised scries. The coverage has been reduced from 100-120 to 53 carriers; however, the comparability of the series, based on annual operating revenues, has been affected by less than
3.0 percent. Also, data are now shown after elimination of intercompany duplications for the Bell System; figures prior to August 1948 on the revised basis will be available later. Data relate to
continental United States.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1949
April
May
June
July
August
1950
September
October
November
December
January
124, 079
0)
56, 849
F
JyU"
March
April
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
short tons._
Calcium arsenate (commercial)
thous. of l b _ .
Calcium carbide (commercial)
short tons..
Carbon dioxide, liquid, gas, and solid
thous. of l b _ _
Chlorine
_
__ _ short tons__
Hydrochloric acid (100% HC1)
do
Lead arsenate (acid and basic)
thous. of l b _ _
Nitric acid (100% HNOs)
short tons..
Oxygen
mil. of cu ft
Phosphoric acid (50% HsPO^
short tons..
Soda ash, ammonia-soda process (98-100% Naa
Cos)
short tons
Sodium bichromate and chromnte
do _
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)
short tons
Sodium sulfate, Glauber's salt and crude salt
cake
short tons
Sulphuric acid (100% H2SO4):
Production
_ _
do__.
Price, wholesale, 66°, tanks, at works
dol. per short ton..
Organic chemicals:
Acetic acid (synthetic and natural), production
thous. of Ib
Acetic anhydride, production
do
Acetyl salicylic acid (aspirin), production do
Alcohol, denatured:
Production
thous. of wine gal
Consumption (withdrawals)
_
do .
Stocks
do
Alcohol, ethyl:
Production
thous. of proof gal
Stocks, total
do
In industrial alcohol bonded warehouses-do
Tn denaturing plants
do
Withdrawn f o r denaturing.
_____
do
Withdrawn tax-paid .
do
Creosote oil, production. _ _
_thous. of gal__
Ethyl acetate (85%), production
thous. of l b _ _
Glycerin, refined (100% basis):
High gravity and yellow distilled:
Production
thous of Ib
Consumption.
do
Stocks
do
Chemically pure:
Production
do
Consumption
do
Stocks
do
Methanol, production:
Natural (100%)
thous. of gal__
Synthetic (100%)
do
Phthalic anhydride, production
thous. of Ib _
134, 452
2 848
54, 837
109, 306
1,159
50, 763
110, 129
1,515
45, 804
103, 217
1,871
47, 424
109, 505
3,070
44, 227
113, 894
2,969
42, 009
105, 443
0)
40, 286
108, 604
47, 274
0)
115, 667
1, 151
55, 212
124, 900
1,548
55, 836
75, 758
140, 791
40, 267
1, 627
101, 790
1,367
108, 045
103, 665
143, 718
37, 825
711
99, 800
1,286
111,040
116, 758
134, 572
34, 833
784
97, 476
1,048
97, 252
131, 141
139, 163
35, 978
0)
90, 382
1,042
101, 682
132, 266
147, 825
39 709
(0
93, 308
1, 184
109, 100
95, 085
147, 214
41, 030
0)
95, 721
1,174
111, 224
82, 139
151,128
43, 616
(0
85, 208
829
124, 479
66, 259
155. 943
44, 668
676
91, 832
990
118, 217
66, 861
168, 282
44 768
890
99, 925
1. 308
113, 490
312,647
7,105
175, 850
285, 741
5,286
176, 703
309, 379
4,648
170, 283
289, 943
4,029
163, 678
305 469
5 575
175 933
317, 406
5, 552
182, 143
328, 899
5,938
189 367
360, 971
5,781
196 575
354 412
6, 726
201 012
32, 579
43, 277
37, 658
26, 446
28 284
37 159
49, 912
46 073
60, 834
54, 485
48, 393
42, 176
58 794
49, 377
56 166
59 012
908, 599
937, 255
859, 275
833, 063
871, 458
840, 955
891, 334
934, 916
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
17.00
29, 617
39, 459
804
29, 521
39, 775
940
25, 420
35, 334
1,009
29, 698
40, 528
250
31,638
50 785
908
34, 788
62, 927
813
39. 667
68, 704
927
39, 923
70, 853
843
39, 824
72 458
873
36, 765
69, 140
829
31,147
67. 356
824
37, 441
73 287
14, 468
12, 996
5,708
13. 883
12, 975
6,604
16, 575
14, 430
8,746
10, 097
10, 556
8,266
12 313
12 444
8 126
13 947
15, 341
6,732
14, 845
15, 259
6 313
14, 612
15, 574
5 358
13 618
15 077
3 899
14, 903
15, 335
3,464
13, 293
13,215
3 429
16 743
17 087
2 873
15, 402
15, 924
2 346
36, 232
43, 842
43, 373
469
27, 027
2,541
13, 250
6,416
33, 855
49, 942
49, 441
502
25, 770
3,022
13, 728
5,368
31, 796
51.015
50, 544
471
30, 593
3,040
13, 215
5,479
23, 760
53, 788
53, 273
515
18, 663
2,664
10, 542
5,798
26 660
56 588
53, 527
3 061
25 176
3 572
10 005
6,424
22, 770
52, 426
50, 652
1 775
24^ 362
3,672
10, 492
5, 339
22 680
43, 133
41,919
1 214
27, 117
3, 936
6.254
6,852
23 181
37, 192
36, 223
969
26, 838
4,289
6,508
6,469
22 549
33 949
33, 204
745
24, 907
2 288
10, 314
6,456
24 688
31, 346
30, 450
896
27,411
2,750
10, 597
6,449
24 254
28 397
27, 713
685
24, 044
2,547
10, 063
6,917
27 304
24 050
23. 513
537
30 321
3 846
11 500
6.899
31 184
25, 729
24, 829
901
28, 829
3, 552
6,213
6,182
12, 936
6,089
6,341
12, 110
7,907
6,668
13, 596
4,692
5.700
11,316
6 781
7*068
11 580
7 528
7,397
11, 790
7 550
6 913
12, 123
7 879
6,545
13, 103
6 834
6 214
13, 591
6 927
5,971
14, 347
6 159
6 082
13, 564
8 499
7 7°4
14 468
6 876
1 668
13, 717
8,910
7, 065
20, 685
9,246
7,189
20, 393
8,617
6,947
18,211
6,258
6,286
14, 926
11 591
8 181
15 674
11 165
7, 729
15 479
11 655
8 054
17 214
12 426
7.916
17 838
12 335
7 209
20 071
12 840
9, 174
22 411
12 228
7 224
24 645
12 553
8 158
25 972
10 880
7 619
26 406
166
11,417
10. 192
223
8,864
9,507
146
7,023
8,018
136
7,609
7,104
157
8 059
10, 103
146
9. 323
12, 602
165
11 143
16, 284
165
9,789
16, 340
169
10 628
18, 075
171
11, 655
18, 174
145
8, 767
17, 090
197
9 371
18 722
166
1,234
250 058
99, 590
138, 789
9, 133
152, 977
124, 009
61,341
3,215
13, 130
739
207 809
63, 127
129,643
7,828
176, 584
141, 302
86, 544
13, 333
548
375
258 996
58, 420
161,062
9, 824
110,049
93, 061
66, 791
4,430
2,198
308
264, 575
79, 592
172, 841
8,410
69, 454
54, 254
32, 681
8,130
1
511
754
Ofi4
598
392
352
241
610
066
489
391 164
150 907
186, 581
11 540
87 735
70, 828
26 454
8 389
20
557
300 251
159 502
110 806
5 631
106 389
88, 773
33 163
5 135
4,738
992
248 714
51 893
177, 983
3,406
142 225
98, 717
55, 563
5 433
26, 159
1,468
311 246
126, 22-1
161, 043
4, 562
173 103
113, 283
56, 171
13, 606
33, 548
1,859
382 114
150 983
193 979
9 389
223 714
139 197
68 259
7 824
57 024
1,538
o
520
310 303
124 806
155 912
9 985
97 236
86, 961
47, 695
4 737
2
54.50
114,673
54.50
78, 290
54.50
114,025
54.50
77,015
54.50
92, 825
52.25
105, 678
51.50
72, 787
51. 50
45, 485
51. 50
27, 896
51.50
91, 803
51. 50
116 035
51.50
113 107
994, 691
802, 638
929, 998
824, 080
810, 775
960, 752
115, 976
0)
51,317
123, 996
r
1, 206
59, 336
2 63, 180 2 59, 120 T 2 77, 086 2 92, 408
151,513 3 167, 091 3 168, 878
158,202
47, 871 2 43, 315 r 2 50, 708 2 51,239
4, 694
3, 756
5, 568
3, 217
2
105, 575 2 101,386 2 98 906 2 113, 693
2 1,253 7 2 1,427
2 1,432
2 1, 369
124, 625
119, 202
126, 954
122, 850
2
338, 552
7, 350
187, 201
319, 578
6, 771
180 945
368 746
7. 835
205 354
361,328
7, 452
210, 344
41 794
36, 410
31, 416
38 693
41, 300
55 845
60, 069
54, 820
60 773
58, 680
996, 565 21,019,803
2 967,335 21,067,023 21,054,926
17.75
934
FERTILIZERS
Consumption (14 States)f
thous. of short tons..
Exports, total
short tons
Nitrogenous materials
do
Phosphate materials
do
Potash materials
do
Imports, totil
do
Nitrogenous materials, total-..
do
Nitrate of soda
__
_
do
Phosphate materials
.
do
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
dol. per short t o n _ _
Potash deliveries . _
_ ...short tons
Superphosphate (bulk):
Production
__
___ _
do
Stocks, end of month
do
351
87
229
8
120
100,
52
13
279
947
853
784
103
479
699
377
570
0
54.50
103, 936
289
98
162
15
118
107,
52
5
%
833,631 889, 083
850, 563
802 943
854 292 1 082 523 1 034 562
820 111 816 724
836 137
1,165,762 1,264 676 1 268 682 1 259 932 1, 311 085 1 420 577 1 495 731 1 308 555 1 009 838 781 095
NAVAL STORES
Rosin (gum and wood):
Production, quarterly total
drums (520 Ib.)..
Stocks, end of quarter
do
Price, gum, wholesale, "WG" grade (Sav.), bulk*
dol. per 100 Ib..
Turpentine (gum and wood) :
Production, quarterly total
bbl. (50 gal.)__
Stocks, end of quarter...
do
Price, gum, wholesale (Savannah) __dol. per gal..
525, 250
719 140
5.68
.40
6.41
6.42
.39
183,160
218, 490
.37
574, 840
840 920
6.49
.36
6.53
6.70
.38
194.110
225, 070
.39
552, 940
929 960
6.60
.39
6.58
6.66
.39
170, 700
238 660
.40
370, 480
894 280
6.66
.41
6.40
6.29
5.71
.43
125, 320
205 960
.43
.41
MISCELLANEOUS
Explosives (industrial), shipments:
1,333
Black blasting powder
thous. oflb..
1,081
1,269
1,068
1,509
1,606
1,595
2,436
2,212
1,999
1,803
2, 213
1,464
High explosives _
do
50, 982
55, 729
57, 992
45, 443
53 158
48 548
47 585
40 130
47 608
40 468
37 389
53 418
55 794
Sulfur:
QQQ one
392 655
397 024
Production
long tons
399 025
396 447
417 526
388 811
389 682 392 805
400 564
401 232
376 942
41^ 425
Stocks..
.do _.. 3,181,199 3,168,051 3,168,312 3, 142, 845 3. 156. 752 3. 139'. 785 3. 097. 331 3. 114^865 3. 099. 305 3. 074'. 5fi2 3 040' 1 QO 9 QS«' 597 9 88.rV 9Q4.
r
l
2
Revised.
Not available for publication.
Beginning January 1950, figures are not strictly comparable with those for earlier periods because of the inclusion of data for plants not
previously reporting. Revised figures for 1948-49 including data for these plants (which account for less than 3.5 percent of the total production of the indicated chemicals) will be available
later.
3 Beginning March 1950, data include quantities for one plant not previously reporting.
tRevised series. Beginning in the January 1950 SURVEY, data for fertilizer consumption in 14 States have been substituted for the 13-States series formerly shown; revised figures prior
to November 1948 will shown later.
*New series. The series for rosin "WG" (window glass) grade, which is compiled by the U. S. Department of Labor beginning November 1948, and prior to that month by the Oil Paint
and Drug Reporter, has been substituted for the "H" grade formerly shown. Data beginning 1935 will be shown later.
'
'
SURVEY OF CURRENT BUSINESS
June 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-25
1950
1949
April
May
June
July
August
September
October
November
December
January
February
March
April
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
272, 192
275, 069
270, 742
264, 394
254, 842
Production
thous. of Ib
109, 734
105, 502
94, 188
120, 143
Consumption factory
do
61,981
319, 521
368, 929
408, 634
292, 421
322, 974
Stocks, end of month
do
Greases:
49, 170
50, 505
46, 852
46, 753
Production
do
45, 702
43, 564
38, 425
41, 590
Consumption, factory
_
do. __
32, 951
41,895
124, 927
110, 882
113, 706
124, 518
Stocks, end of month
do
129, 265
Fish oils:
1,063
4,717
13, 599
18, 362
Production
do
12, 735
9,653
10, 753
12, 377
12, 823
Consumption, factory
do .
11,126
78, 442
80, 946
78, 176
Stocks, end of month
_ _
_ _ do
79, 062
69, 511
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
374
381
379
361
Production, crude
mil. of Ib
338
405
384
368
Consumption, crude, factory
_ _ do
307
380
Stocks, end of month:
735
736
739
718
732
Crude
do
376
462
188
319
266
Refined
do
115,017
60, 173
97, 268
71, 885
31,179
Exports f
- thous. of Ib.
8,827
13, 955
24, 378
31, 096
32, 589
Imports total
do
2,802
1,609
2,168
4,505
2,811
Paint oils
do
6,025
22, 769
11, 787
26, 592
29, 778
All other vegetable oils.
_
do. __
Copra:
19, 754
30, 203
36, 773
26,914
34, 932
Consumption, factory.
short tons..
14, 337
15, 536
15, 034
10, 010
Stocks, end of month
do
12, 769
22, 677
32, 655
40, 940
38, 594
27,909
Imports
-.-.
do
Coconut or copra oil:
Production:
25, 762
38, 933
47, 231
44, 961
34, 368
Crude
thous of Ib
28, 162
24, 473
25, 022
29, 168
23, 139
Refined
_.
do
Consumption, factory:
46, 903
42, 585
44, 905
36,014
53, 219
Crude
do
25, 224
22, 827
24, 483
19, 689
28, 147
Refined
do
Stocks, end of month:
47, 880
56, 132
83, 124
82, 365
71, 318
Crude
_
. do
8,805
9,063
8,477
8,728
6,723
Refined
do
7,852
2,330
8,442
14, 512
14, 485
Imports
_
do...
Cottonseed:
30
19
15
117
353
Receipts at mills
thous. of short tons.
325
262
147
Consumption (crush) . _ _ .
do ___
197
207
586
343
132
162
278
Stocks at mills, end of month
do
Cottonseed cake and meal:
85, 660
66, 340
94, 081
Production
short tons__ 143, 338 117,678
104, 700
95, 806
88, 354
65, 949
52, 759
Stocks at mills, end of month
__ do
Cottonseed oil, crude:
107,085
87, 873
65, 569
64, 805
48, 656
Production
thous. of Ib
168, 447
118,896
76, 240
52, 233
40, 908
Stocks, end of month
_ do
Cottonseed oil, refined:
119, 975
115,419
97, 996
61, 255
71, 976
Production
do
124, 750
125, 584
138, 639
142, 409
110, 959
Consumption, factory.
..
do__.
32, 771
30, 560
32, 728
28, 882
In oleomargarine
do
37, 530
186, 268
227, 587
132, 766
72, 590
Stocks, end of month
.
do . 236, 197
Price, wholesale, summer, yellow, prime (N. Y.)
.136
.134
.125
dol. per lb__
.122
.158
Flaxseed:
Production (crop estimate)
.thous. of bu__
Oil mills:
2,241
3,505
2,393
3,528
Consumption. .
do
3,985
2,104
1,960
1,513
Stocks, end of month
do
4,932
2,227
13
1
10
0
Imports
__do _ _ _
0
2
6.00
3.86
Price, wholesale, No. 1 (Minn.)
dol. per b u _ _
3.91
(2)
()
Linseed oil:
43, 510
Production. . _
__
thous. of Ib
45, 497
70, 927
69, 949
77, 071
25, 432
23, 734
Consumption, factory
do
26, 402
35, 262
42, 723
363, 431
321, 765
310, 827
Stocks at factory, end of month
do_
378, 788
407, 230
.288
.288
.250
Price, wholesale (N. Y)
dol. per Ib
.276
.216
Soybeans:
Production (crop estimate)
thous. of bu
15,937
15, 459
Consumption, factory
__
_ ...do.
15, 264
15,302
13, 551
29, 029
22, 992
Stocks, end of month
do
18,333
12, 477
6,549
Soybean oil:
Production:
156, 088
154, 183
Crude _ ...
thous. of Ib
150, 583
155, 148
136, 015
Refined
do
127, 425
118, 045
124, 209
110, 190
135 106
141 462
Consumption, factory, refined
do
130, 934
123, 969
120, 798
97, 345
Stocks, end of month:
105, 365
Crude .
do
88, 631
82, 793
71,925
90, 881
Refined
do
112, 523
102, 045
93, 929
92, 807
76 384
Price, wholesale, edible (N. Y.)
dol. per lb__
!l58
.154
.141
.142
.175
r
l
2
Revised.
December 1 estimate.
No sales.
3 Less than 500 bushels.
fRevised series. Beginning in the September 1949 SURVEY, data include oleomargarine of vegetable or
r
248, 888
119 516
265, 758
288 318
117 519
240 962
338 009
106 627
251 195
378 469
96 214
316 248
363 933
111 714
360 842
288 055
103 724
344' 466
317 265
122 437
350 904
287 916
104 256
375 920
44, 706
46, 031
117, 852
48 110
42, 016
116 477
54 861
42 911
112 412
55 935
43, 794
111 379
53 954
42 005
113 753
r
48 962 r 53 289
42 437
40 593
111 321 r 113 951
50 510
38 742
123 683
21, 962
17, 667
92, 245
24 908
20 865
102, 849
8 438
15 364
94, 776
10 076
14. 777
106, 261
4 833
15 236
103 076
493
15 438
87 502
524
19 543
90 827
481
15 280
82 478
464
417
601
480
601
496
553
456
541
475
471
450
r 47g
484
423
403
776
171
29, 982
38, 516
4,925
33, 591
856
231
36 630
28 785
10 616
18, 169
963
288
986
654
689
966
1 048
338
48, 924
22 024
5, 535
16, 489
1 087
386
60 199
20 873
1 726
19 147
1 073
404
747
344
869
475
r 1 069
71
35
11
23
62
25
3
21
1 086
410
77
26
6
19
38, 306
8,333
51, 251
46, 206
18 710
60,027
43, 723
21 998
52 913
33, 180
22 328
32, 798
36 640
23 784
44 625
25 515
17 725
27 160
24 724
21 074
27 903
28 099
18 042
48, 892
30, 374
58 979
29, 169
55 482
25, 363
42 726
24, 304
46 743
22 515
32 381
2l' 358
31 179
23 268
36 169
23 393
54, 538
26, 248
55 248
25 914
48 532
23 287
45 222
22 344
43 763
20 617
40 787
2o' 708
46 571
22 592
43 234
21 394
101, 042
7,945
17,020
112 977
8 283
8 442
134 570
8 676
11 158
146, 739
9 016
6,015
179 560
9 893
10 675
183 139
8 446
10 729
182 968
7 899
7 152
184 612
6 889
1,248
586
941
1 382
748
1 575
1 322
785
2 112
450
677
1,884
179
654
1 409
262
533
1 137
213
492
858
183
365
676
253, 763
98, 076
334, 030
116 912
355, 146
123, 518
309. 772
142, 801
289 039
175 724
235 130
196 406
220 201
186 446
162 095
185 209
184, 291
88, 766
242 687
123 462
252 640
162' 355
217 619
181, 587
210 781
171 922
173 826
146 885
162 217
99 469
120 814
82 071
1 13, 309
115, 282
32, 076
69, 708
178
129
35
125
188
144,
36
174
938
799
049
981
172, 940
133, 830
41, 205
218, 210
175
145
47
255
927
547
649
630
174 054
158 713
46' 604
273 525
160
174
52
271
113 725
118 392
.118
.123
.130
.138
.140
666
424
728
176
.129
1
r
r
398
755
146
456
690
817
461
837
007
272 336
.153
.160
2 576
2 554
2 360
1 055
43, 664
3,886
8, 139
0
3.94
3,468
7 553
0
3.85
3, 254
6 982
o
2 937
5 058
3.93
3,194
5 412
0
3.92
3.95
2 752
3 928
2
3.88
3.93
4.00
72, 923
49 884
421, 115
.208
67 803
44 411
433' 921
192
62 856
36 376
462 934
186
61 681
30 518
485 112
185
57 066
32 292
515 697
184
53 469
33 619
531 932
185
50 939
39 850
r 548 9Q7
180
47 154
38 194
564 035
180
11,996
10 606
17 522
63 581
17 139
7o' 914
16 909
59 398
15 466
54 214
18 112
47 991
17 198
41 674
120 756
127 703
136 199
172 491
195 902
119 778
165 473
133 44°
129 801
166 855
119 251
104 727
16 5 088
130 317
117 599
153 046
118 749
111' 398
177 518
146 063
56 223
56 790
.157
67 314
55 410
.145
69 405
57 976
.142
90 116
59 985
'.148
82 877
66 650
.150
78 911
66 791
.153
87 228
64 118
!l68
1
animal origin.
222, 305
17 290
66 508
o
(3)
ion' ggl
170 251
en ^
m
101 386
n
cr I
.171
SUEVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
January
76, 948
76, 854
84,237
83, 942
ber
Febru-
ary
March
April
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC,— Continued
Vegetable oils, oilseeds, etc. — Continued
Oleomargarine:
Production
thous. of lb__
Consumption (tax-paid withdrawals)
da
Price, wholesale, vegetable, delivered (Chicago)
dol. per lb._
Shortenings and compounds:
Production
thous. of Ib
Stocks end of month
_
do
65, 665
64, 722
59, 725
60, 419
63, 610
61, 970
56, 118
55, 366
79, 106
79, 346
75, 471
73 938
74, 408
71, 172
71, 278
73, 072
81, 299
81, 218
95,315
89, 834
.229
.224
.224
.224
.248
.249
.224
.224
.224
.224
.224
.236
.244
119, 576
80, 436
125, 908
84, 851
122, 213
85, 821
83, 355
64, 438
156, 696
52, 851
133, 849
59,315
123, 178
62, 860
139, 965
61, 889
125, 783
81, 722
135, 591
71, 190
145. 489
66, 407
161 722
r
71, 708
126 516
83 553
'86,017
r
77, 634
r
28, 455
' 49, 179
8,384
r 89, 072
' 79, 902
' 27, 773
' 52, 129
9,170
'
*
'
'
75, 936
68 887
27, 684
41, 203
7,049
70, 873
64, 640
27,145
37, 495
6, 233
'87,169
r
79 098
T
32 250
r
46, 847
r
8 071
87, 727
79 469
30, 937
48, 532
8 257
PAINT SALES
Paint, varnish, lacquer, and filler, total d"1
thous.
Classified total
Industrial
Trade
-- -Unclassified
of dol. _
do
do
-do
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:*
Cellulose acetate and mixed ester plastics:
Sheets rods, and tubes
thous. of Ib
Molding and extrusion materials
do
Nitrocellulose, sheets, rods, and tubes _ _ do _
Other cellulose plastics
do
Phenolic and other tar acid resins
do
Polystyrene
do
Urea and melamine resins
_do _
Vinyl resins
__ _
do
Alkyd resins
_.
_do__
Rosin modifications
_
do
Miscellaneous resins
do
1,329
4,610
750
1,022
18, 260
17, 548
8,500
23, 613
16,069
8,182
14, 547
1.650
3,449
754
709
14, 828
16, 331
8,049
20, 407
17, 853
7,516
14, 162
88, 506
79, 587
29, 052
50, 535
8,919
1,242
4,303
626
176
14, 952
15, 029
7,931
20, 636
19, 149
7,584
14, 825
r 73, 997
' 87, 685 r 84, 217
' 67, 394 ' 79, 148 r 75, 293
r
r
«• 25, 723
30, 800
30, 218
' 48, 348 ' 45, 076
'41,671
r
6, 602
8,537
8,923
1,332
3,431
372
433
11,232
15, 905
6,273
18, 853
17, 304
6,631
14, 877
1,405
4,626
517
113
17, 834
19, 749
9,569
23, 663
19, 258
8,103
16, 646
1,530
5,798
431
712
22, 569
20, 723
10, 299
29, 098
21,114
9,912
19, 399
' 75, 960 ' 67, 022 ' 57, 340
r
68, 757
60, 613 ' 51,957
' 28, 597 ' 25, 226 ' 23, 481
' 40, 159 ' 35, 387 ' 28, 476
5,383
6,409
7,203
r
2,138
6,904
453
749
25, 056
22, 156
13, 239
31, 786
20, 787
10, 728
18, 896
1,962
5, 183
440
950
28, 684
20, 901
13, 568
33, 503
20, 619
9,777
18 709
1,674
4,638
485
972
25, 811
20, 137
13, 389
33, 036
17, 902
8,086
18 861
1,938
5,387
546
825
27, 499
20, 332
12, 989
33, 111
18, 825
8,486
21 096
1,875
5,399
546
1,168
r
27, 453
20, 242
r
12, 522
31, 429
'21,223
8,479
r
20 009
1 883
6,405
650
1, 198
32 858
27 032
12, 566
37,631
25, 612
10 156
20 748
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. of kw.-hr__
Electric utilities, total
do
By fuels
do
By water power
_ _ . do
Privately and municipally owned utilities
mil. of kw.-hr..
*
Other producers
do
Industrial establishments, total
do _
Byfuels.. ___
_.do___
By water power
. do
Sales to ultimate customers, total (Edison Electric
Institute)
mil. of kw.-hr_
Commercial and industrial:
Small light and power
_.do ___
Large light and power
do_Railways and railroads
__
.. do
Residential or domestic
do
Rural (distinct rural rates)
_
do
Street and highway lighting
do
Other public authorities
__ _
do
Interdepartmental.- . _ _ _ _ _
do __
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous of dol
27, 745
23, 215
15, 057
8,158
27, 875
23, 348
15, 290
8,058
28, 025
23,617
16, 393
7,224
27, 946
23, 684
16, 355
7,330
29,492
25, 021
17, 672
7,349
28, 358
23, 922
16,946
6,976
28, 110
24, 288
17, 353
6,936
28, 539
24, 328
17, 467
6,861
31, 096
26, 321
18, 705
7,616
31, 677
26, 871
18 537
8,334
28, 789
24, 270
16 528
7,741
31, 864
26 997
18 268
8 729
30, 191
25 437
17 140
8 297
19, 749
3,466
4,530
4,053
478
19, 785
3,563
4,526
4,048
479
20, 034
3,583
4,407
4,012
395
19, 973
3,711
4,262
3, 881
381
20, 965
4,055
4,471
4,067
404
19, 934
3 987
4.436
4,055
382
20, 430
3 858
3,822
3,465
357
20, 781
3 548
4,211
3,837
374
22, 456
3 865
4,775
4,310
465
22, 893
3 979
4 805
4,362
443
20, 637
3 632
4,519
4,082
437
23,022
3 975
4 867
4 383
483
21, 838
3 599
4 754
4 318
436
20, 401
19, 905
19, 905
19, 949
20, 758
20, 878
20, 309
20, 655
22 020
22 943
22 203
3,685
10, 125
525
4,760
532
205
522
48
3,611
9, 958
499
4,464
627
190
509
46
3,760
9,889
473
4,374
664
178
522
46
3,974
9,524
462
4,417
825
184
516
46
4,033
10, 120
470
4,422
873
202
592
46
4,044
10, 142
452
4,619
809
224
541
46
3,876
9,709
470
4,749
626
251
581
46
3,890
9,799
499
5,032
541
272
572
49
4 047
10, 384
555
5,604
506
291
580
52
4, 181
10, 602
536
6,276
409
287
602
49
4 076
10 297
507
6,017
405
251
597
52
374, 735
368, 670
371, 462
375, 372
382 149
387 522
383 236
391 007
409 942
425 325
416 130
GAS
Manufactured and mixed gas (quarterly) :
Customers, end of quarter, total
thousands
Residential (incl. house-heating)
. d o _.
Industrial and commercial. _
.
do
Sales to consumers, total
mil. of cu. ft
Residential
do
Industrial and commercialdo
Revenue from sales to consumers, total
thous. of dol
Residential (incl. house-heating)
do
Industrial and commercial
do
Natural gas (quarterly) :
Customers, end of quarter, total
thousands
Residential (incl. house-heating)
do
Industrial and commercial
do
Sales to consumers, total
_ _ _ m i l . of cu. ft._
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
10, 541
9,842
691
139, 231
90,229
47, 875
10, 262
9,582
672
101, 730
60, 288
40, 077
10, 182
9,497
677
142, 774
94 652
46, 573
144, 513
107, 058
36, 725
113, 390
82, 663
29, 641
145 570
108, 202
36 318
12, 328
11, 293
1,026
715, 282
192, 659
501, 154
12, 663
11, 649
1,004
615, 338
91, 452
492, 683
13 310
12, 194
1 107
820, 431
238, 854
550 395
246, 490
127, 776
115, 064
183, 487
74, 471
103, 978
289, 605
158, 967
125, 493
r
Revised.
*New series. The data for production, compiled by the 17. S. Tariff Commission beginning July 1948, are essentially comparable with the series for shipments and consumption (reported
by the Bureau of the Census) previously shown here, except for inventory changes (which tend to balance out over a short period) and the inclusion of reports from a few additional companies.
Data for alkyd resins and rosin modifications are not available prior to 1949.
rf1 Revisions for January-March 1949 (thous. of dol.): Sales—total, 76,871; 70,283; 83,937; classified—total, 69,763; 64,061; 75,751; industrial, 27,929; 26,166; 30,168; trade, 41,833; 37,895; 45,583
SURVEY OF CURRENT BUSINESS
June 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-27
1950
1949
April
May
June
July
August
September
November
December
January
6,122
6,438
9,252
5,774
6,095
8,686
6,312
6,246
8,484
6,146
5,597
8,775
October
February
March
April
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
7,314
Production
thous. of bbl
6,507
Tax-paid withdrawals
__do
9,248
Stocks end of month
do
Distilled spirits:
16, 922
Production
thous of tax gal
Consumption, apparent, for beverage purposes
12, 991
thous. of wine gal__
7,755
Tax-paid withdrawals
thous. of tax gal__
Stocks, end of month.
__ __
do, __ 668, 421
974
Imports
thous. of proof gal
Whisky:
11, 536
Production
thous. of tax gal._
3,884
Tax-paid withdrawals
_ __ _ __ _ do
593, 094
Stocks end of month
do
752
Imports
thous. of proof gal
Eectified spirits and wines, production, total
8,306
thous. of proof gal..
7,345
Whisky
do
Wines and distilling materials:
Sparkling wines:
188
Production
.__
thous. of wine gal. .
53
Tax-paid withdrawals
do
1,647
Stocks, end of month
_
.do
32
Imports
do
Still wines:
640
Production
do
9,585
Tax-paid withdrawals
do
182,156
Stocks, end of month
__do
238
Imports
do
405
Distilling materials produced7 at wineries __do. _
8,331
7,557
9,646
9,258
8,629
9,879
16, 823
13, 732
13, 326
7,826
674, 661
1,097
13, 064
7,632
677, 344
1,111
10, 971
3,732
599, 561
1,017
7,852
3,537
602, 926
1,027
5,099
4,048
602, 865
803
8,931
7,908
9,069
7,889
8,008
6,864
98
62
1,673
26
163
77
1,743
28
54
49
1,742
13
658
8,885
173, 518
221
929
584
8,815
162, 586
177
513
124, 615
15, 338
.599
160, 625
51, 056
.597
111,165
86, 845
125, 903
109, 920
2,393
9,382
8,722
10, 147
9,182
8,901
10, 033
7,392
7,285
9,836
8,818
11, 581
16, 704
26, 093
19, 770
19 057
12, 323
8,067
676, 337
878
12, 336
8,072
675, 217
14, 120
9,471
673, 701
1,329
15, 213
11, 438
671, 309
1,529
17, 673
12,070
669, 884
1,607
20, 031
8.351
676, 016
1,410
890
857
5,959
4,383
C03, 231
914
8,703
5,311
604, 768
1,226
9,246
6,101
606, 210
1,413
9,705
6,965
606 015
1,461
10, 672
5, 197
610 365
1,262
11, 069
4,684
615, 384
10, 115
4,043
620 133
790
9,043
7,681
10, 228
9,250
12, 400
11, 247
12, 601
11 473
7,916
7,101
6,622
5,870
985
128
62
47
99
47
175
54
154
86
159
1,771
1,426
1,808
1,734
1,633
435
7,763
155, 034
148
713
1,335
8,788
145, 702
19, 085
11, 303
154, 365
58, 451
13, 112
203, 831
37, 979
105, 382
35, 142
157, 325
102, 701
.590
136, 390
136, 786
.599
128, 440
153, 855
.618
113, 770
154, 455
.622
102, 800
144, 819
.625
90, 480
130, 452
.625
96,000
113, 993
.631
143, 280
116,365
134, 765
117, 021
2,402
137, 125
112, 545
162, 256
140, 859
2,794
118, 735
96, 760
185, 517
162, 346
2,138
108, 410
87, 370
210, 411
183, 208
1,804
94, 150
74, 135
213, 433
188, 259
2,442
82 155
62 355
209, 515
185, 839
4 003
71 875
51 395
196, 125
175, 764
3 946
.337
.341
.343
.330
.352
.358
.356
22, 910
12, 000
266, 250
39, 450
10, 300
361, 150
34, 275
9,800
350,850
22, 490
8,200
306, 750
26, 130
8,800
273, 650
22,320
5,750
212, 750
9,290
189, 735
9,066
298, 661
10, 027
379, 100
8,309
454, 210
8,559
477, 812
9,901
20, 971
7,657
24, 517
8,903
24, 391
6,205
22, 967
9.10
5.18
9.10
5.05
9.10
5.09
10, 324
4,394
4.67
12, 069
5,640
4.58
12, 275
98, 350
14
35
43
86
86
5,842
5,523
8 849
7,554
5,938
10, 073
7 351
6,407
10 579
16, 577
14 137
15, 994
17 305
11, 519
7,209
680, 898
11, 592
6,295
684, 576
14, 333
9,215
686, 640
1,076
7,317
692, 455
777
11,045
5,558
624, 182
967
11,922
4 357
630 693
6,092
5,458
9,377
8,357
7,888
6 775
38
41
108
60
1,494
29
124
64
1 474
24
3,534
1,076
12, 865
11 974
192, 024 ' 179, 526
335
240
4,808
1,394
1,456
17
745
1,397
1,144
13, 051
156, 823
279
1,280
101, 515
103 657
.624
97, 875
92, 886
.635
'121,970
r
93, 489
.607
74, 175
52 535
188, 653
168, 670
5 102
77 365
54 565
176, 821
159 906
3 085
75 685
53 775
163, 922
149, 004
6 845
.356
.353
.349
.354
16, 300
4 675
167, 750
11, 550
3 200
134 000
11, 675
6 300
151 000
6,758
484, 246
6,925
426 836
5,795
333 264
4,500
11, 209
5,692
12,368
1 846
18 257
9.10
5.12
9.10
5.11
9.10
5.08
12, 372
5,482
4.56
11, 559
4,828
4.61
10, 574
4,475
4.66
13, 715
122, 400
12, 225
112, 200
12, 620
88, 360
14, 124
75, 436
16, 135
96, 275
17,377
105, 446
6,666
26, 248
10, 014
16, 226
.117
.118
2,065
3,318
10, 253
1,776
1,294
10, 103
145
4,900
188
286
14, 556
13 540
205, 095
342
10, 071
168, 923
242
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
thous . oflb - Stocks, cold storage, end of month
do.
Price, wholesale, 92-score (New York)_dol. per lb_Cheese:
Production (factory), total J __ _ -thous. of lb
American whole milk J
do
Stocks, cold storage, end of month, total
do_ _
American, whole milk _
__do
Imports
._
do
Price, wholesale, American, single daisies (Chicago)
dol. per lb—
Condensed and evaporated milk:
Production: J
Condensed (sweetened):
Bulk goods
thous. oflb..
Case goods
do
Evaporated (unsweetened), case goods __do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of lb—
Evaporated (unsweetened)
__
do
Exports:
Condensed (sweetened) __
do . .
Evaporated (unsweetened)
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
dol. per case-Evaporated (unsweetened)
do
Fluid milk:
Production
__
mil. oflb
Utilization in mfd. dairy products
-do
Price, dealers', standard grade
dol. per 100 lb—
Dry milk:
Production: %
Dry whole milk
thous. oflb
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk___
do
Nonfat dry milk solids (human food)
do
Price wholesale, nonfat dry milk solids (human
food), U. S. average
dol perlb
T
T
r
97, 135
r 71 040
158, 134
141, 946
3 540
127, 895
108 610
599
110 785
84 645
171, 692
153 737
.351
.346
14, 700
4 450
168 750
13, 200 i 16, 550
5 900
6 500
241 000
183 000
20, 450
7 350
258 000
7,386
243 491
5,249
151 401
5,951
101 470
6,757
86 216
7, 596
116 999
1 618
14 862
2 221
15 351
2 858
13 120
2 869
14 306
2 514
8 694
9.10
5.08
9.10
5.09
9.10
5.09
9.10
5.10
9.10
5.10
9.10
5.10
9.10
5.10
9 427
3,862
4.71
9 056
3 395
4.74
8 451
2 943
4.75
8 622
3 144
4.75
9 046
3 321
4.66
8 671
3 263
4.63
9 996
4 116
4.58
10 612
4 4ig
4.37
10 890
76, 750
10 725
63, 050
9 150
54, 150
7 410
49, 000
10 300
58, 700
9 091
64, 850
8 135
65, 500
11 425
85, 100
97, 150
19, 059
98, 129
17 788
97, 201
18 271
80, 448
16 666
57, 026
14 180
47, 791
11 105
48, 722
9 710
43, 821
9 187
42, 213
9 719
51,619
70, 091
5,873
14, 042
5,587
2,857
7, 336
20, 579
5,449
44, 267
5 909
28 897
4 333
2 814
5 906
7 326
5 408
7 653
3 654
6 775
5 974
16 998
116
.117
118
121
123
122
121
118
117
509
412
6, 444
r 2 602
14, 777
r
4, 858
r 6 635
r 4 §49
35, 224
' 5, 720
33, 405
T
7, 599
r
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu
Shipments, carlotcf
no. of carloads
Stocks, cold storage, end of month__thous. of bu__
Citrus fruits, carlot shipmentscf
no. of carloads..
Frozen fruits, stocks, cold storage, end of month
thous. of lb__
Frozen vegetables, stocks, cold storage, end of
month _
__ _
thous. o f l b
Potatoes, white:
Production (crop estimate) _ _ . thous. of bu
Shipments, carlot cf
no of carloads
Price, wholesale, U. S. No. 1 (New York)
dol. per 100 Ibs.
1
r
r
r
768
343
' 8, 992
r
r
r
560
175
7, 921
r
133 181
r 4 061
r
25, 667
11, 369
3 832
19, 573
9,760
4 231
12, 502
8,613
r 3 326
7, 074
9,911
T
r
2
(\\ 9.
3,667
8,868
237, 419
237, 856
255, 787
327,090
339, 588
355, 552
342, 565
326, 934
300, 409
279, 255
265, 204
'251,119
243, 743
191, 666
186, 821
219, 515
237, 847
315 788
368 552
387 681
383 658
371 003
339 316
305 316
r 269 980
241 016
r
r
r
r 11 695
r
r 20 093
r ig 934
r 17 572
i 401 962
r i 6 598
i Q onn
90 7^0
f 97 144
26, 303
23 038
2 4 263
!4 718
o
~
4.623
5. 258
3. 546
3.287
3.498
3.236
2.873
3.601
4.134
3.719
3.632
4.473
4.789
' Revised. * December 1 estimate. I Revisions for January-September 1948 are available upon request.
^Revisions for 1949 not previously shown are as follows (carloads): Apples—January, 3,299; February, 3,229; March, 3,171; citrus fruits—January, 12 635' February 10 417' March 11 589'
%>otatoes—January, 21,459; February, 25,912; March, 36,091.
"'
'
' ' '
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
April
May
June
July
August
September
October
December
January
49, 150
42, 726
33, 832
i 238, 104
6,820
November
February
March
April
FOODSTUFFS AND TOBACCO—Continued
GRAINS 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
45, 380
57, 458
47, 295
44, 958
59, 048
46, 153
37, 905
5,860
11, 906
19, 312
24, 843
24, 940
14, 954
11, 003
9,015
9,491
10, 057
24, 659
33, 056
34, 109
1,636
4,199
6,410
33, 978
148, 973
3,382
35, 942
1,390
14, 922
59, 308
2,111
1,888
1.256
1.178
1.249
1.184
1.253
1.163
1.290
1.236
1,327
1.299
1.523
1.455
1.556
1.502
8,813
19, 646
8,632
21, 198
8,910
21, 977
8,658
19, 683
10, 637
22, 064
10, 501
23, 967
15, 266
11, 589
5,711
8,209
10, 888
1, 255. 2
4,611
4,744
11,251
7,826
8,369
1.403
1.370
1.322
1.410
1.358
1.279
(2)
1.353
1.276
1.451
1.402
1.327
Receipts, principal markets.
...thous. of bu_.
Stocks, domestic, end of month:
Commercial
do
10, 175
9,874
13, 988
3,635
4,129
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu.Rice:
Production (crop estimate)
thous. of bu-California:
Receipts, domestic, rough
thous. of lb_.
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 bbl. (162 lb.)_
Shipments from mills, milled rice, thous. of lb_Stocks, domestic, rough and cleaned (cleaned
basis) end of month
thous. of Ib
Exportsf
do
Imports
-- --do
Price, wh'oiesale, head, clean (N. O.)..dol. per lb.-
1,869
.741
Exports including malt
Prices, wholesale (Minneapolis):
No 2 malting
No 3, straight
_
do
dol. per bu
_ _ do_._
Corn:
Production (crop estimate)
mil of bu
Grindings, wet process
thous. of bu
Receipts, principal markets
_ _ _ d o _ __
Stocks, domestic, end of month:
Commercial
- do. _.
On farms
mil of bu
Exports including meal
thous of bu
Prices, wholesale:
No 3 white (Chicago)
dol. p e r b u _ _
No 3, yellow (Chicago)
_
_ __do _ _ _
Weighted average, 5 markets, all grades., do
Oats:
4,349
5,806
6,738
5,627
30, 282
30, 454
27, 657
1,468
811
550
28, 072
70, 692
1,677
1.560
1.451
1.509
1.418
1.546
1.444
1.547
1.484
1.578
1.518
1. 622
1.538
11, 206
43, 947
10,047
58, 975
i 3, 378
9, 554
33,364
9,454
24, 678
9,446
17, 006
10, 743
23, 470
10,371
19, 624
9,614
708.4
7,116
20, 020
46, 400
45, 319
10, 080
8,628
47, 400
1, 634. 2
6,161
43, 910
20, 238
51, 688
2, 401. 3
13, 470
47, 521
7,513
1.340
1.307
1.256
1.262
1.312
1.238
1.390
1.152
1.134
1.308
1.157
1.142
1. 450
1. 296
1.248
1.440
1.291
1.249
1.441
1.297
1.261
1.487
1.337
1.305
(2)
1.426
1.419
33, 804
24, 804
9,338
5,953
5,460
11,323
7,163
17, 745
30, 095
21,218
562
6,719
26, 706
1,053,296
1,765
25, 254
503
6,167
270, 501
3,182
1,045
.701
.673
.638
.637
678
.687
6,862
4,670
7,660
8,041
16,050
13, 130
12, 099
481, 216
171
11, 295
2,430
19, 029
819, 701
578
.759
.762
.749
.769
.783
.841
Vi
t
----
!•
48, 913
30, 421
45, 785
26, 728
46, 994
31,908
68, 741
64, 909
48, 951
26, 998
236, 472
48, 435
39, 427
22, 610
65, 207
81, 654
32, 953
31, 183
45, 493
33, 990
83, 503
34, 770
50, 081
29, 175
38, 289
37, 944
39, 358
35, 752
13, 806
16, 508
114,029
115, 691
81,914
72, 043
62, 804
77, 368
74, 409
665
120, 202
412
134, 241
377
132, 777
183
78, 233
781
81, 631
4,315
194,961
4,188
265, 382
3,703
226, 358
1,596
262, 745
658
196, 778
480
92, 216
493
105, 130
466
89, 488
286, 353
117, 042
458
.092
202, 235
106, 781
809
.091
113, 173
60, 952
772
.089
57, 291
88, 768
909
.087
65, 554
40, 375
606
.084
316, 540
63, 013
423
.071
489, 341
136, 669
310
.070
650, 284
109, 077
252
.077
566, 941
200, 905
716
.082
452, 037
187, 151
272
.082
417, 203
41, 146
206
.081
373, 464
24, 694
512
.080
342, 278
3,348
3,618
1.361
727
2,732
1.362
748
2,993
1.346
1,772
4,091
1.454
3,131
6,170
1.384
1,043
5,435
1.428
2,194
5,401
1.465
5,071
10,005
1.418
300
8,280
1.430
263
7,643
1.343
323
7,321
1.393
18, 385
17, 347
19, 584
246, 514
152, 065
146, 506
199, 613
189, 447
136, 625
662, 938
180, 659
U
W' inter wheat
do
Receipts principal markets
thous. of bu._
Disappearance domestic
do
Stocks, end of month:
Canada (Canadian wheat) _
- do_
TJnited States domestic totaled1
do
Commercial
do
Interior mills, elevators, and warehouses
thous. of bu._
On farms
Exports total including
Wheat only
flour
do
do
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu_
No 2 hard winter (Kansas City)
_ do __
No 2 red winter (St Louis)
do
Weighted avg., 6 markets, all grades
. do
49, 082
64, 749
279, 444
118, 551
89, 097
116, 806
114, 242
70, 146
307, 347
128, 158
29, 812
23, 020
46, 555
40, 617
75 859
32, 361
67, 172
36, 668
30, 313
2.342
2.260
2.366
2.285
2.328
2.221
2.344
2.254
27, 560
Wheat flour:
Production:!
17, 187
Flour
thous of sacks (100 Ib )
56.3
Operations percent of capacity
333, 615
Offal
short tons
39, 581
Grindings of wheatt
thous of bu
Stocks held by mills, end of month
thous. of sacks (100 lb.)_
3,044
Ex ports
do
Prices, wholesale:
Standard patents (Minneapolis)
5.269
dol. per sack (lOOlb.).
4.980
Winter, straights (Kansas City)
do___
T
2
Revised.
1 December 1 estimate.
No quotation.
of wheat will be published later.
659"
55, 691
61, 988
1
•
268"
i 89, 141
Wheat:
(?
31,684
32, 630
107, 532
2,263
Rye:
Receipts principal markets
do
Stocks, commercial, domestic, end of month.do....
Price, wholesale, No. 2 (Minn.)
dol. per bu._
32, 632
130,305
50, 170
294, 748
55, 199
86, 400
234, 493
260, 412
162, 524
1,159,159
261, 109
31,796
24, 789
37, 369
34, 230
282 881
133, 688
472, 209
33, 495
30, 082
2.367
1.951
1.828
2.160
2.379
2.004
1.872
2.096
2.285
2.060
1.865
2.185
17, 333
59.2
337, 890
39, 990
20, 116
66.1
390, 721
46, 344
18, 994
65.3
380, 597
44, 222
2, 623
4,506
2,727
5.255
4.938
3
76, 031
5. 512
4.869
May 1 estimate.
27, 586
24, 296
18 697
569
9,338
1.457
i 1, 146. 5
i 244. 8
i 901. 7
18, 492
249, 992
176, 459
165, 267
244, 664
227, 502
165, 657
909, 226
219, 038
26, 589
22, 693
24, 067
20, 482
237, 304
117, 849
327, 230
26, 094
21, 655
21, 996
18, 055
22, 601
19, 240
2.431
2.188
2.083
2.282
2.395
2.202
2.161
2.274
2.375
2.221
2.200
2.269
2.366
2.223
2.218
2.259
2.328
2.224
2.158
2.253
2.358
2.272
2.290
2.300
19,957
63.5
405, 071
46, 561
20, 357
70.2
413, 639
47, 541
20, 895
69.0
424, 907
48, 740
19, 221
68.9
389, 304
44, 852
18, 679
61.8
378, 385
43, 542
19, 165
65.9
384, 792
44, 576
17, 705
66.0
355, 951
41,172
1,347
4,757
1,465
1,672
1,539
4,948
1,905
1,692
1,442
5.340
4.869
5.600
5.069
5.71
5.16
5.744
5.119
5.669
5.115
5.605
5.138
5.619
5.188
5.600
5.269
126, 762
4,911
1,922
5.575
4.915
s 689. 6
17, 856
20, 043
63.6
402, 001
46, 596
3,007
3 20. 904
303
6,278
1.395
188, 979
88, 583
199, 169
23,315
18, 838
2.374
2.152
2.013
2.253
.081
173, 136
2.373
2.306
2.329
2. 322
5. 656
5.283
SURVEY OF CURRENT BUSINESS
June 1960
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-29
1950
1949
April
July
June
May
August
September
October
November
December
January
February
March
April
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (Federally Inspected):
Calves
thous. of animals. _
Cattle
do
Receipts, principal markets. _ _
__do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)_.do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (Federally inspected)
thous. of animals. _
Receipts, principal markets..
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb__
Hog-corn ratio
bu. of corn equal in value to 100 Ib. of live hog..
Sheep and lambs:
Slaughter (Federally inspected)
thous. of animals..
Receipts, principal markets
do
Shipments, feeder, to 8 corn- belt States _ do ._
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb__
Lambs, feeder, good and choice (Omaha) .do
549
562
996
1,733
100
1,025
1,827
1,095
1,896
1,090
1,833
1,232
2,470
1,224
2,528
1,156
3,061
869
1,116
2,280
r
432
1,064
1,676
1,103
1,839
133
443
939
1,537
112
586
1,082
1,715
141
24.20
23.66
27.94
24.88
24.02
26.45
26.47
22.53
25.94
25.86
20.62
24.88
26.28
20.06
25.70
28.11
19.74
27.25
28.93
20.57
27.15
28.21
21.45
26.75
26.47
21.44
27.25
25 98
22.94
30.40
25 58
24.13
30.88
25.90
25.32
29.06
26 94
25.79
29.19
3,894
2,471
3,721
2,438
3,745
2,406
3,165
2,072
3,417
2,314
3,879
2,395
4,959
3,055
6,003
3,618
6,477
3,813
5,844
3,712
4,191
2,691
5,020
3,058
4,316
2,593
18.32
18.49
19.08
18.23
19.09
19.74
17.87
15.87
15.05
15.23
16.55
16.13
16.02
15.2
14.7
15.5
15.4
16.4
17.2
16.1
15.3
13.1
13.1
14.3
13.5
12.4
676
824
63
761
1,243
898
1,164
976
1,202
1,126
1,650
1,180
1,932
1,172
2,054
1,060
1,296
1,058
1,139
1,077
1,206
863
931
112
939
979
101
834
1,013
29.50
0)
29.25
0)
27.12
0)
24.50
«
23.62
22.66
23.00
23.21
23.75
23.28
23.38
23.25
22.38
22.88
24.00
23.64
26 12
25.12
27.62
26.59
26.75
0)
1,353
930
1,362
'799
1,438
716
1,358
643
1,441
520
1,436
411
1,564
409
1,763
532
1,864
799
1,793
943
55
1,356
897
78
1,585
••866
85
1,397
854
638, 252
75, 627
1,482
716, 737
72, 053
2,511
698, 993
71, 475
2,260
660, 890
78, 763
1,070
640, 589
103, 582
1,167
616, 302
136, 903
2,569
642, 167
143, 599
1,118
554, 425
123, 281
1,078
644, 109
' 110, 022
1 021
575, 795
98, 239
510
92
163
533
140
138
501
164
144
384
335
552
586
534
568
572
585
212
511
198
71
465
115
494
959
1,590
128
98
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil. of lb_._
Stocks, cold storage, end of month
do
Exports
do
Beef and veal:
Production (inspected slaughter)
thous. of lb_.
Stocks, cold storage, end of month
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, good
(600-700 Ibs.) (New York)
dol. per Ib
Lamb and mutton:
Production (inspected slaughter)
thous. of lb__
Stocks, cold storage, end of month
_ do __
Pork, including lard, production (inspected
slaughter)
thous. of Ib
Pork, excluding lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Exports
do
Prices, wholesale:
Hams, smoked (Chicago)
dol. per lb_.
Fresh loins, 8-10 Ib. average (New York)_do
Miscellaneous meats and meat products, stocks, cold
storage, end of month:
Edible offal
thous. of Ib
Canned meats and sausage and sausage-room
products
thous. of Ib
Lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Exports
do
Price, wholesale, refined (Chicago) ...dol. per Ib_.
104
606, 020
119, 431
2,388
77
623, 536
94, 035
1,302
97
645, 249
81, 148
1,227
65
46
45
41
58
69
.404
.410
.433
.431
.438
.464
.476
.476
.445
.438
.430
.433
.447
30, 761
9,864
33, 561
7,007
37, 427
6,761
40, 975
6,651
48, 257
6,869
50, 414
7,268
51, 338
8,222
47, 893
10, 534
48,992
13, 811
51, 344
14, 332
42, 392
13, 062
45, 917
10, 689
39, 949
8,229
715, 895
704, 543
754, 870
678, 466
675, 735
686, 365
851, 970 1, 074, 324 1,198,884 1, 099, 016
759, 390
894, 965
780, 940
527, 859
545, 231
3,866
517, 974
466, 108
5,855
556, 838
419, 590
11, 925
495, 142
367,043
6,102
500, 186
283, 178
6,749
518, 143
204, 678
4,342
634, 343
209, 687
2,479
801, 460
297, 205
2,711
880, 945
473, 741
6,576
804, 033
582, 737
4,017
558, 664
573, 108
4,179
664, 439
548. 640
5 584
573, 780
539, 252
.550
.518
.520
.515
.556
.533
.586
.546
.613
.558
.569
.551
.489
.453
.468
.386
.469
.351
.489
.368
.495
.430
.485
.409
.478
.412
58, 535
54, 707
55, 322
56,671
54, 958
51, 245
47, 642
51, 174
62, 163
63,173
56 670
r
54, 246
51 008
r
54 818
51 337
170, 946
r
87, 306
74, 019
.132
151 151
105, 552
27, 462
212, 058
.239
30, 985
166 628
.226
6 429
10,082
6 386
12,987
58, 348
50,941
49, 570
41,209
34, 310
27, 374
26, 094
30, 014
38, 186
45, 984
136, 470
125, 823
63, 282
.147
144, 798
103, 890
76, 508
.136
134, 178
96,255
52, 293
.132
128, 257
68, 819
29, 407
.166
122, 743
48, 768
32, 682
.152
158, 861
38, 320
31, 503
.158
199, 237
39, 808
49, 467
.130
232, 483
73, 995
54, 311
.128
215, 492
92, 949
45, 770
.129
146 905
81 174
68 583
.129
26,798
89, 205
.339
31, 644
77, 823
.298
38, 054
74, 733
.268
34, 769
71, 261
.241
38, 991
83, 466
.260
49, 399
132, 380
.238
58, 185
211, 517
.236
82, 866
267, 508
.217
73, 034
292, 513
.213
34, 859
295, 736
.204
28, 604
260, 523
.223
6, 110
13, 377
5,845
7,875
4,905
7,640
4,334
6,118
3,853
3,963
3,576
1,778
3,749
933
3,851
1,207
4,499
8,579
5 147
3,239
5,217
6,257
954
107, 058
1,943
141, 361
2,290
166, 582
1,936
168, 394
1,426
146, 868
810
121, 476
501
96,382
250
72, 556
110
53, 902
380
55, 052
735
73, 159
.483
.483
.493
.533
.559
.628
.564
.527
.381
.323
.327
r
r
49 457
137, 441
138, 216
92, 304
.136
T
r
.132
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of Ib- Stocks, cold storage, end of month
_ _.do ._
Price, wholesale, live fowls (Chicago) -dol. perlb..
Eggs:
Production, farm _ _ __ _ _
millions
Dried egg production
thous. of lb_.
Stocks, cold storage, end of month:
Shell
thous of cases
Frozen.
-thous. of Ib
Price, wholesale, extras, large (Chicago) t
dol. perdoz.-
T
r
r
r
r
1 296
116 546
2 128
155 358
.358
.344
MISCELLANEOUS FOOD PRODUCTS
34, 642
40,928
65, 913
43, 851
36,028
52,730
25,580
66,713
69,382
Candy, sales by manufacturers
thous. of dol._
Cocoa:
22, 119
24, 963
32, 103
21, 845
11, 253
21, 019
Imports
._
-.
long tons
26, 698
30, 461
9,936
.211
.226
.190
.199
.200
.246
Price, wholesale, Accra (New York)__dol. per lb_.
.187
.259
.205
Coffee:
1,868
1,572
1,672
Clearances from Brazil, total
thous. of bags..
1,294
1,326
2,185
2,332
1,945
1,439
1,129
To United States
do
942
906
1,507
811
933
874
1 403
1 280
796
Visible supply, United States..
...do
906
796
808
992
859
798
850
763
1 604
1 688
1 932
Imports
do
1,782
1,685
2 247
1,477
1 853
2 016
Price, wholesale, Santos, No. 4 (New York)
.284
.270
.272
.261
.302
.496
.490
.277
.355
dol. perlb..
Fish:
Landings, fresh fish, 5 ports
thous. of lb._
64, 091
49, 613
66, 145
77, 219
69, 890
71, 117
31, 246
55,030
42, 129
Stocks. cold storage, end of month
do
146. 344
114, 031
158. 719
74.940
91. 453
146. 813
127.217
150. 608
156. 077
r
Revised.
1 No quotation.
fRevised series. U. S. Department of Agriculture data replace the series for U. S. standards published prior to the October 1949 issue of the
December 1948 are shown on p. 24 of this issue of the SURVEY.
51,675
49,091
53, 018
42,945
23, 512
.272
42 469
.251
24 918
.228
.240
1,093
699
868
2 070
779
519
928
1 574
1,286
727
949
1 321
728
596
.496
.485
.471
.473
27, 205
125. 516
32, 953
105. 818
87. 133
78.027
731
SURVEY. Data for September 1944 to
SURVEY OF CUKEENT BUSINESS
^-30
June 1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
April
May
June
July
August
1950
September
October
November
December
February
January
707
397
423
1,423
2,878
3,438
March
April
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 ._
Deliveries total
- -do
For domestic consumption
do
For export
do
Stocks, raw and refined, end of month
thous. of short tons__
Exports refined sugar
short tons
Imports:
Raw sugar total
do
From Cuba
do
From Philippine Islands c?
do
Refined sugar total
do From Cuba
- do
Price (New York):
Raw, wholesale
dol. perlb__
Refined:
Retail
_
do
Wholesale
do
Tea imDorts
thous of Ib
' 3, 414
r
r
3,678
3,215
2,599
2,022
1,668
0)
567, 829
236, 686
539, 514
537, 195
' 2, 319
0)
577, 439
156, 084
608, 479
604, 698
3,781
0)
509, 595
123, 322
792, 936
789, 878
3,058
(i)
471, 237
84, 350
747, 453
743, 698
3,755
43, 899
642, 038
132, 227
924, 533
921, 391
3,242
116, 207
391, 859
165, 441
733, 977
733, 920
4,057
548 576
402 253
133 168
523, 702
519, 358
4,344
766, 441
252 307
99 018
539, 902
537, 257
2,645
418, 627
306 744
309, 803
527, 904
525, 835
2,069
72, 870
404 682
174, 121
511, 962
508, 537
3,425
31, 605
379 389
119 554
503, 096
501, 508
1, 588
24 382
584 423
148 180
620 674
618, 495
2,179
17 572
572 778
243, 296
565, 982
565, 226
756
1,525
2,785
1,492
1,863
1,252
1,997
956
1,879
617
2,379
404
2,403
879
1 475
1,446
1 133
1,708
977
1,625
1 695
1,525
693
1,564
5 976
1,573
318, 647
264, 133
52, 845
42, 328
41,820
382, 265
267, 999
114, 266
25, 613
25, 563
346, 792
253, 348
88, 409
38, 430
36, 555
342, 089
232, 097
104, 072
23,401
23,398
342, 392
272, 690
61, 901
28, 259
23,684
243, 822
225, 129
5,581
28, 272
28, 259
250, 846
242, 278
1,416
27, 763
26, 639
197, 959
190, 878
7,076
24, 521
24, 511
66, 038
66, Oil
139, 962
125, 411
6,238
18, 855
18, 844
233, 873
201, 313
32, 505
37, 980
37, 789
387 307
3377 769
49 504
49 421
49, 111
.056
.058
.059
.058
.059
.060
.060
.059
.057
.058
.056
.055
.055
.093
.079
9,774
.093
.078
7,465
.093
.078
8,485
.093
.077
6,129
.093
.077
7,877
.093
.077
8,443
.093
.079
7 702
.093
.079
9 327
.093
.079
6 289
2.462
.079
7,628
2.461
.077
7 943
2.456
.076
13 839
2.455
.076
1,021
o
50
0
TOBACCO
Leaf:
3 1, 990
Stock, dealers' and manufacturers', end of quarter,
total
mil of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured, "flue-cured, and miscelForeign grown:
Cigar leaf
Lyigarerie 10 ace ...
--
Imports including scrap and stems
do
thons of Ib
do
Manufactured products:
Production, manufactured tobacco, totaL__do
Chewing plug and twist
do
Smoking
do
Snuff
__do_ _
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
millions
Tax-paid
do _
Cigars (large) , tax -paid
thousands-Manufactured tobacco and snuff, tax-paid
thous. of lb__
Exports cigarettes
millions
Price, wholesale (composite), cigarettes, f. o. b.,
destination
dol per thous
3,509
367
330
2,970
r
3,690
3,206
23
149
3, 880
' 3, 944
316
T
20
134
402
3, 404
3 371
19
141
19
152
22, 249
6,906
20, 400
7,521
33, 402
8,218
30, 563
6,606
61,963
9,088
76, 768
7,483
56, 720
7,261
37, 675
6,903
50, 151
4,758
16, 052
8,184
19, 049
6,368
28 203
7,930
18, 729
6,940
8,535
3,254
20, 591
7,226
10, 120
3,246
21, 740
8,558
9,747
3,435
16, 625
6,918
7,311
2,396
22, 986
8,839
10, 308
3,838
22, 565
8,345
10, 579
3,641
22, 434
7,774
10, 997
3,664
19, 675
7,072
9,055
3,547
17,119
6,643
6,971
3,505
18, 982
7,566
8, 483
2,933
17, 867
7,023
7,919
2,925
22, 031
8,085
10, 199
3,747
3,568
27, 307
428, 452
3,172
30, 691
428, 357
3,236
32, 849
519, 509
2,155
25, 806
422, 496
3,041
35, 347
516, 208
2,680
31, 743
532, 446
2,777
29. 194
634, 274
2,215
29, 657
508, 626
2,432
24, 776
386, 169
1,973
29, 290
424, 088
2.178
25, 645
415, 318
2,146
32, 036
453, 631
26, 155
383, 345
18, 392
2,446
20, 362
1,937
20, 583
1,611
16, 625
1,449
22, 869
1,476
' 23, 674
1,720
21, 975
1,523
19, 324
1,341
16, 556
1,893
19, 286
903
17, 354
969
21, 941
1,464
18, 176
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
6.862
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb__
Calf and kip skins
thous. of pieces..
Cattle hides
do
Goatskins
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Calfskins, packers', 8 to 15 Ib
dol. per lb__
Hides, steer, packers', heavy, native
do
LEATHER
Production:
Calf and kip
thous. of skins. _
Cattle hideJ
-__ thous. of hides..
Goat and kidt
thous. of skins
Sheep and lambV----do.._.
Exports:
Sole leather:
Bends, backs, and sides
thous. of lb__
Offal, including belting offal
do.__.
Upper leather
thous. of sq. ft_.
Prices, wholesale:
Sole, bends, steer, f. o. b. tannery.___dol. per lb__
Chrome calf, black, B grade, composite
dol. per sq.ft..
r
10,714
58
85
3,294
1,477
15, 302
47
53
3,631
2,629
11,942
44
103
4,005
965
14, 082
23
27
3,319
2,726
16,951
118
35
2,657
4,076
15, 569
145
41
2,312
3,276
16, 028
120
47
2,771
2,571
16,499
116
77
2,688
2,723
18,503
110
172
3,041
1,811
23,838
276
356
2,924
2,335
20, 406
251
160
3,752
1,381
22,115
170
258
3,743
5,783
.422
.200
.414
.213
.385
.209
.410
.214
.421
.246
.425
.244
.425
.245
.445
.232
.450
(*)
.425
.207
.440
.213
766
'1,886
2,875
' 2,148
797
' 1,937
' 2,776
'2,207
877
•'1,974
' 3,034
'2,399
571
"1,565
' 2,371
'1,818
' 1, 874
' 2, 956
' 2, 677
861
' 1, 869
' 2, 743
' 2, 687
941
r
1, 974
' 2, 794
' 2,128
925
1,880
3,016
2,193
885
' 1, 949
2,960
2,675
902
2,115
3,507
2,557
6
185
3,329
56
151
3,113
93
116
3,203
87
106
2,906
70
73
3,462
92
49
9
6
2,882
25
31
4,016
5
10
3,246
57
21
2,802
82
39
2,990
.549
.549
.539
.539
.991
.991
1.017
r
867
' 1,985
2,743
'2,599
r
831
'1,964
3,008
'2,509
T
.578
.578
.568
.564
.555
.559
.559
.549
1.025
1.023
1.024
1.016
.975
.977
.975
.975
Revised.
1 Corrected monthly figures are not available; January-July 1949 total (including revisions for January and February) is 218,055 short tons.
Price for 5 pounds; quotations formerly for 1-pound package,
s December 1 estimate.
* No quotation.
cfThis series continues data in the 1942 STATISTICAL SUPPLEMENT to the S-URVEY; there were no shipments for 1942 to 1947 except for January, February, and May 1942 (12,136,1,120, and
8,618 short tons, respectively). Data for January-July 1948 are shown on p. S-30 of the October 1949 SURVEY.
$ Revisions for January-March 1949, respectively: Cattle hide (thous. of hides), 2,051, 2,106, 2,147; goat and kid (thous. of skins), 3,023, 2,980, 3,471; sheep and lamb (thous. of skins), 2,515,
2,498, 2,459.
NOTE FOE LUMBER SERIES, p. S. 31.—Exports of sawmill products for 1948 have been adjusted to exclude box shooks, in accordance with the revised commodity classification effective
January 1949. Revisions for January-July 1948 are shown in a footnote on p. S-38 of the October 1949 SURVEY.
Minor monthly revisions for total lumber (production, shipments, and stocks) and West Coast woods (orders, production, shipments, and stocks) for 1946-48—since publication of the
1949 STATISTICAL SUPPLEMENT—are available upon request. Revised data for Western pine for January 1947-March 1948 are shown in the above-mentioned note.
2
SURVEY OF CURRENT BUSINESS
June 1950
S-31
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May
April
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
January
ber
Febru-
ary
March
April
LEATHER AND PRODUCTS—Continued
LEATHER
MANUFACTURES
Shoes and slippers:§
Production total
thous of pairs
Shoos, sandals, and play shoes, except athletic,
total
thous. of pairs. _
By types of uppers:c*
All leather
do
Port leather and nonleather
do
By kinds:
Men's
do
Youths' and boys'
- do
Women's
- do_ _.
Misses' and children's
do
Infants' and babies'
do
Slippers for housewear
do
Athletic
. do
Other footwear
__
do _
Exports
do
Prices, wholesale, factory, Goodyear welt, leather
sole:
Men's black calf oxford, plain toe__dol. per pair__
Men's black calf oxford, tip toe
do
Women's black kid blucher oxford _ _ _ do ..
37, 626
35, 098
38, 509
32, 987
44, 969
41, 538
38, 208
33 490
34 124
38 696
r
39 259
46 224
34, 262
31, 429
34,152
28, 845
38, 926
34, 858
31,225
26, 850
30, 129
35, 822
r
36, 209
42, 519
31, 171
4, 454
28, 018
3,351
32, 622
5, 911
26, 360
2,580
35, 630
3,405
32, 293
2,660
29, 474
1,802
25, 457
1,617
28,281
1 834
33, 170
2,651
33, 264
3, 023
38, 629
3 940
r
r
7, 982
1 , 203
IS, 709
r
5, 109
r
3, 206
T
2 569
247
234
319
9 408
1,378
22, 364
5 761
3, 608
3 164
266
275
337
7,790
1,209
17, 537
4,497
3,229
2,931
216
217
393
7,283
1,217
16, 149
3, 956
2,824
3,212
246
211
323
8,431
1,639
16, 748
4,267
3,067
3,877
255
225
287
6,383
1,464
15, 234
3, 541
2,223
3,706
221
215
334
8,702
1,797
20, 791
4,782
2,854
5,476
306
261
527
8,409
1,710
18, 052
4, 156
2, 531
6,067
299
314
406
8,249
1,608
14,818
3,941
2,609
6,379
304
300
409
7,205
1,131
12,211
3,736
2, 567
6, 149
266
225
365
8 025
1,274
13,374
4,316
3, 140
3 562
220
213
348
8 148
1 207
17, 974
5 134
3 359
2 425
220
229
229
9.653
6. 750
5.150
9.653
6.600
5.150
9.653
6.600
5.150
9.653
6.600
5.150
9. 653
6. 600
5.150
9.653
6.600
5.150
9.604
6.600
5.150
9. 555
6.600
5.150
9. 555
6.600
5.150
9. 555
6.600
5.150
9. 555
6 600
5. 150
9. 555
6 600
5 150
r
9. 555
6 600
5 150
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
49, 838
103, 852
60, 234
121, 115
44, 549
100, 173
61, 796
123, 729
74, 533
146, 878
52, 514
170. 493
62, 046
200. 847
44, 529
173 518
33, 746
167 260
34, 469
166 228
34, 383
255 642
2,936
459
2,477
2,863
452
2,411
3,027
514
2,513
2, 963
444
2, 519
2, 664
497
2, 167
2, 608
460
2,148
3,201
566
2, 635
3, 146
544
2, 602
3,126
564
2, 562
3,210
578
2, 632
3, 049
604
2,445
3. 225
606
2, 619
3,087
649
2, 438
3, 364
732
2, 623
2 953
656
2 297
2, 983
662
2, 321
2 387
633
1 754
2 633
697
1 936
2 4fi3
601
1 862
2 865
689
2 176
3 091
669
2 422
3' 343
739
2 604
3 227
688
2 539
3 220
683
2 537
7,161
2, 150
5,011
7,234
2,157
5,077
7,298
2.227
5,071
7, 354
2,264
5, 090
7,409
2,286
5,123
7,324
2,272
5, 052
7.207
2,270
4,937
6,881
2,187
4, 694
6 851
2,181
4 670
7 028
2,478
4 550
«6 976
2,390
4 586
6 277
1 960
4 317
6 350
l' 966
4 384
24, 145
11, 751
12, 394
SOFTWOODS
Douglas fir:
Exports, total sawmill products
M bd. ft
Sawed timber
_
do
Boards, planks, scantlings, etc
do __
Prices, wholesale:
Dimension, No. 1 common, 2" x 4" x 16'
dol. per M bd. f t _ _
Flooring, B and better, F. G., 1" x 4", E. L.
dol. per M b d . f t _ _
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. f t _ _
Sawed timber
do
Boards, planks, scantlines, etc _ _ _
do
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12'
dol. per M b d . f t . .
Flooring, B and better, F. G., 1" x 4" x 12-14'
dol. per M bd. f t _ .
Western pine:
Orders, new
mil. bd. f t _ _
Orders, unfilled, end of month
do
Production^ _
_
_._ _
do
ShipmentsJ
do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
dol. per M bd. ft
West Coast woods:
Orders, newj
mil. bd. f t _ _
Orders, unfilled, end of monthj
do
Production:}:
_
do
Shipments!
._
do__
Stocks, gross, mill, end of monthj
_ _ do
59, 784
117,351
2,822
454
2,368
2,842
493
2,349
Exports, total sawmill prod nets 1
M bd. f t _ Tmports total sawmill products
do
National Lumber Manufacturers Association:
Production totalt
rnil bd. ft
Hard woods J
--- - do
Softwoods^
do
Shipments totalj
do _
HardwoodsJ
_ _ _ _ -- - -- d o _ _ _
SoftwoodsJ
do
Stocks, gross (mill and concentration yards), end
of month total J
mil bd. ft
Hardwoods |
do
Soft woods J
do
29, 617
4,307
25, 310
27, 606
9,681
17, 925
20, 594
4,852
15, 742
31, 062
5,474
25, 588
42, 275
9,054
33, 221
24, 305
5,008
19, 297
30 784
7,884
22, 900
18 685
3 882
14 803
10 916
4 437
6 479
11 965
5 379
6, 586
14 600
3 977
10 623
68. 310
68. 310
67. 568
64. 680
63. 896
62. 720
62. 720
62. 720
63. 210
64. 484
66. 640
67.620
69. 090
127. 958
122. 562
118.058
114. 660
114. 660
114. 660
108. 780
105. 448
104. 860
102. 900
103. 635
105.840
105. 840
660
276
661
691
725
261
728
740
690
228
703
723
697
247
670
678
913
340
744
820
842
372
782
810
765
374
701
763
711
304
760
781
627
253
756
678
714
291
703
676
802
397
667
696
749
361
766
785
770
385
758
746
1,772
7, 469
3,053
4,416
1,760
10, 202
3,797
6,405
1,740
9,934
3,457
6, 477
1,732
9,028
3,016
6,012
1, 656
9,218
2,737
6,481
1, 628
8,869
2,488
6,381
1,566
8, 468
2,376
6,092
1 545
9, 226
3 298
5,928
1 693
7,925
2 791
5 134
1 650
9, 104
2 688
6 416
1 621
8, 269
2 178
6 091
1 602
6, 813
1 584
5 229
1 614
62.001
60.380
59.033
59. 479
61. 173
63. 326
64. 311
65. 008
65. 467
65. 765
65. 618
65. 986
66. 176
144. 513
142. 865
139. 374
139. 200
136. 484
138. 542
139. 583
140. 256
140. 256
141. 114
139. 472
139. 410
139. 165
545
492
580
523
1,586
568
498
619
561
1,644
684
539
712
643
1,713
643
607
628
578
1, 763
673
629
721
655
1, 829
693
699
627
626
1,840
643
734
617
669
1,847
630
759
563
627
1,724
624
767
477
569
1,632
461
757
264
405
1,491
467
755
326
439
1,377
584
763
477
582
1,272
619
783
586
597
1,261
66.80
65.84
65.20
62.54
59.21
57.02
57 56
58 00
59 18
60 37
61 26
62 72
64 13
820
592
864
884
938
774
511
858
854
942
772
397
821
887
876
743
469
638
671
843
931
555
873
846
870
954
595
855
913
811
926
620
852
902
761
884
575
838
929
671
788
520
830
842
659
919
800
575
636
567
748
848
644
796
766
995
807
921
968
727
1,044
902
927
929
790
154, 677
152, 137
77, 811
151,386
160, 856
68. 742
96 538
102, 578
62, 947
169, 274
172, 478
59, 756
168 747
169, 832
58, 881
176 197
178' 764
55 984
176 501
180 945
51 316
179 876
186 030
44 941
175 484
168 635
55 268
177 577
177 905
55 322
235 291
237 000
r 53 878
207 431
206 840
53 638
3,400
7, 325
4,275
3,675
8,000
4,299
6,872
5,246
4,651
8,843
4 275
6,875
4 650
4 000
9.300
4 200
6,300
4 900
4 550
9.700
4 300
6,600
4 325
3 950
4 800
6,850
4 175
4 575
9. 650
4 525
7,125
4 375
4 200
10. 000
4 325
5,900
4 450
4 250
10.055
5 400
7,225
4 225
4 225
9 Q95
5 275
8,250
4 125
4 450
9. fi50
7 150
9,850
4 OKA
5 A rrv
f Q n.^n
5 sno
11,050
A AOK
r
r
SOFTWOOD PLYWOOD
Productionthous. of sq. ft., W equivalent
Shipments
__.
do
Stocks, end of month
.
do __.
r
T
160, 376
165, 032
78, 423
r
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of month
Production
__ ..
Shipments
Stocks, mill, end of month
M bd. ft
do
do
do
_do
3,950
8,500
4,175
3,950
7,725
10! 150
8 97S
Revised.
§1948 data for production of shoes and slippers have been revised; revisions January-July are shown in the September 1949 SURVEY on p.. I S-31.
c?The figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers* there are further
small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available
by types of uppers.
JSee note at the bottom of p. S-30 of this issue regarding revised lumber series.
r
SURVEY OF CUEEENT BUSINESS
S-32
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
April
June
May
July
August
September
October
November
December
January
74, 615
55, 715
72, 953
74, 818
44, 201
71. 891
61, 488
69, 066
66, 118
47, 149
85, 965
75, 816
71, 038
71, 637
45, 612
February
March
April
91, 090
95, 627
68, 334
71, 297
41, 201
93,988
102, 330
81, 049
87, 285
34, 965
78 601
102, 115
75, 243
78, 816
31, 392
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING— Continued
Oak:
Orders new
Orders, unfilled, end of month
Production
Shipments
Stocks, mill, end of month
M bd ft
do
do
_-do._.
do
54, 156
34, 933
61, 441
60, 360
59, 867
58, 749
31, 879
64, 409
61, 803
62, 473
56, 876
31. 908
66, 584
62, 825
66, 232
62, 722
30, 229
58, 250
61, 691
62, 791
78, 066
35, 029
70, 606
73, 266
57, 135
87, 382
47, 846
71, 309
74, 565
53, 879
85, 525
55, 918
72, 162
77, 453
47, 202
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total
short tons
Scrap
do
Imports total
do
Scrap
do
565, 170
33, 247
170,079
118, 839
553, 244
52, 408
161, 725
127, 675
599, 093
50, 866
109, 133
91,838
507, 212
23, 210
55, 745
52, 359
509, 644
27, 342
50, 667
43, 207
521, 543
22, 423
19, 327
5,618
255, 787
20, 319
25, 247
17, 086
187, 451
17, 557
62, 358
11, 924
372, 573
18, 189
62, 501
18, 930
298, 605
13, 552
69, 136
33, 468
279, 565
14, 603
51, 136
3,606
273, 036
14, 481
42 964
15, 832
5,223
2,722
2,501
5,771
1, 555
4,216
4,968
2,719
2,249
5,745
1,626
4,119
4,398
2,500
1,898
5,824
1,751
4,073
3,800
2,241
1,559
5,748
1,820
3,928
4, 756
2,747
2,009
5,351
1,789
3,563
4,631
2 658
1,973
4,824
1,531
3,293
1,664
1,737
3,603
3,401
1,795
1,606
5,497
1 693
3,804
5,320
2,824
2,496
5,718
1,642
4,076
5,495
2,956
2,539
5,400
1 548
3,852
5,084
2 677
2,407
5,154
1,468
3,686
5,714
2 992
2 722
4,740
1 343
3 397
9,889
10, 910
8,623
11, 865
12, 549
7,939
12, 923
13, 750
7,112
12, 757
13, 696
6,172
11, 986
12, 582
5, 576
10 164
10, 421
5,319
709
1,591
4,456
2 049
2 079
4,407
2,816
1,649
5,575
2 777
1 524
6,831
2 492
1,245
8,077
2 496
1 150
9 424
8,868
7,322
17, 803
15, 770
2,033
11, 656
7,277
21, 508
19, 273
2,235
12, 768
5,258
35, 064
31, 493
3,571
9,461
5,541
45, 356
39, 346
6,010
6,760
38, 629
32, 544
6, 085
968
461
1,103
3, 520
44, 786
37, 848
6,939
o
47, 017
39, 585
7,432
946
11,315
5,711
40, 811
36, 084
4,728
1,025
1,575
650
12, 162
6,249
27,696
24, 957
2,739
642
348
6,740
32 004
26, 710
5,294
601
0
5,329
26, 745
22, 103
4,642
509
0
5,948
20 865
16, 829
4, 035
579
38
37
60
42
46
50
44
60
80
47
55
61
1,446
929
1,243
867
1,087
906
1,032
697
1,048
872
446
980
881
955
716
342
459
398
939
719
892
862
440
914
913
450
873
864
417
922
996
500
922
981
484
Iron and Steel Scrap
Consumption, total
thous, of short tons
Home scrap
do
Purchased scrap
do
Stocks, consumers', end of month, total
do
Home scrap
do
Purchased scrap
do
765
899
5,340
Ore
Iron ore:
All districts:
Production
thous of long tons
Shipments
do
Stocks, 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
O n Lake Erie docks
_ _
- _ _ _ do. _ _
Imports
do
Manganese ore, imports (manganese content)
thous of long tons
560
877
654
171
349
7,109
14, 099
11,033
3,066
Pig Iron and Iron Manufactures
Castings, gray iron:
Unfilled orders for sale
thous. of short tons__
Shipments, total
do
For sale. _.
__ _
_ do
Castings, malleable iron:
Orders, new, for sale
short tons
Orders, unfilled, for sale
do
Shipments, total
do
For sale
do
Pig iron:
Production _ _
thous. of short tons
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous of short tons
Prices, wholesale:
Composite
dol. per long ton
Basic (furnace)
do
Foundry, No. 2, f. o. b. Neville Island. . .do
467
439
455
395
24, 307
94, 958
61, 329
31, 728
11, 629
78, 944
54, 572
27, 643
23, 560
69, 865
59, 597
32, 639
24, 147
70, 796
44, 360
23,216
20, 861
61, 330
58, 121
30, 327
26, 828
57, 512
60, 488
30, 646
25, 392
54, 322
57, 150
28, 582
26, 723
55, 795
49, 439
25, 250
34, 719
60, 835
57, 379
29, 679
34, 390
62, 307
62, 874
32, 918
35, 991
67, 049
60, 386
31, 249
41,456
69, 866
66, 259
38 639
42, 663
76, 250
69, 822
36, 279
5,531
5,406
5,517
5,290
4,819
4,573
4,173
4,054
4,477
4,604
4,350
4,495
612
753
2,722
2,773
5,231
5,215
5,294
5 285
4, 1 73
4 357
4 601
4 779
5, 577
1,525
1,775
1,942
2,013
1,847
2,230
1,616
1, 446
1,499
1 441
1 299
1 138
47.55
46.00
46.50
46.62
46.00
46.50
46.62
46.00
46.50
46.62
46.00
46.50
46.62
46.00
46.50
46.68
46.00
46.50
46.68
46.00
46.50
46. 68
46.00
46.50
46. 68
46.00
46.50
46.68
46.00
46.50
46.85
46.00
46.50
47.28
46.00
46.50
47.28
46.00
46.50
119, 953
83, 277
23, 834
106, 178
75, 537
22, 165
116, 052
84, 112
26, 940
78, 710
50, 124
14, 625
89, 964
59, 412
13, 348
86, 502
55, 853
11, 823
70, 690
48, 263
8,964
76, 437
50 685
7,270
84, 508
53, 079
9,258
88, 821
57 996
9,298
91, 827
62, 045
10, 920
111,772
77 588
15, 281
106, 964
75, 133
17, 406
464, 782
379, 673
85, 109
104, 305
76, 116
28, 189
411, 601
338, 912
72, 689
91, 775
67, 580
24, 195
376, 761
310, 182
66, 579
100, 756
77, 877
22, 879
348, 239
293, 206
55, 033
70, 129
55, 072
15, 057
311, 923
257, 259
54, 664
95, 794
73, 630
22, 164
294, 240
250, 239
44, 001
88, 417
71, 781
16, 636
280, 291
231, 849
48, 442
81, 278
65, 651
15, 627
286, 897
240 715
46, 182
72, 859
56, 455
16, 404
307, 656
263, 816
43, 840
78, 266
61, 765
16, 501
327, 035
280 023
47, 012
92, 994
73, 458
19 536
340, 955
294 251
46, 704
92, 547
73, 440
19, 107
350 358
287 874
62 484
108, 677
87. 745
20 932
7,785
98
7,590
93
6,498
82
5,779
71
6,715
82
6,590
84
925
11
4,216
53
7,717
95
7,930
94
6,793
89
7,487
89
Steel, Crude and Semimanufactures
Steel castings:
Shipments, total ___
short tons
For sale, total
do
Railway specialties
do
Steel forgings, for sale:
Orders, unfilled, total
do
Drop and upset
do
Press and open hammer
do
Shipments, total
_
do
Drop and upset
do
Press and open hammer
do
Steel ingots and steel for castings:
Production
thous. of short tons__
Percent of capacity!
Prices, wholesale:
Composite, finished steel.
-dol. per Ib
Steel billets, rerolling (producing point)
dol. per long ton._
Structural steel (Pittsburgh)
dol. per lb_ _
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton..
8,196
100
.0420
.0420
.0420
.0420
.0420
.0420
.0420
.0420
.0427
.0438
.0438
0438
.0438
58.24
.0350
58.24
.0350
58.24
.0350
58.24
.0350
58.24
.0350
58.24
.0350
58.24
. 0350
58. 24
.0350
58.80
.0363
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
26.60
23.25
23.00
21.00
21.00
27.75
29.38
31.38
31.00
30.00
31.63
31.60
32.88
6,693
1,745
22
6,200
1,921
32
5,197
2,087
5,815
1,833
5,645
1,990
33
5,401
2,419
5,361
1,694
5,298
1,682
26
4,592
1,956
49
4,863
1,635
61
4,937
1,758
42
4,745
2,095
31
4 659
1,721
28
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands
Shipments .
do
Stocks, end of month
_. do
r
29
30
28
31
Revised.
JFor 1950, percent of capacity is calculated on annual capacity as of January 1,1950 of 99,392,800 tons of steel; 1949 data are based on capacity as of January 1,1949, 96,120,930 tons.
SURVEY OF CURRENT BUSINESS
June 1 5
90
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-33
1949
April
May
June
July
August
1950
September
October
November
December
January
February
March
April
236, 413
138, 019
98, 394
192, 993
'1,061
26, 281
1,000
25,353
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products—Continued
Cans, metal, shipments (in terms of steel consumed),
total
short tons _
Food
do
Nonfood
do
Shipments for sale
do
Commercial closures, production
millions
Crowns, production
thousand gross.
Steel products, net shipments:
Total
thous. of short tons
Bars hot rolled— Carbon and alloy
do
Reinforcing
do
Semimanufactures
do
Pipe and tubes
do
Plates
- __do _ _
Rails
__.do
Sheets
_ _
do
Strip— Cold rolled
do
Hot rolled
do
Structural shapes, heavy
do
Tin plate and terneplate
do
Wire and wire products. .
_ .do
204,353
126, 898
77, 455
169, 194
768
23,408
230, 167
147, 808
82, 359
189, 024
737
23,422
303, 921
208, 633
95, 288
259, 026
779
27, 559
314, 372
219, 067
95, 305
282, 977
746
26, 984
489, 794
383, 603
106, 191
444, 976
920
29, 709
416, 974
312, 538
104, 436
371, 691
910
25, 511
285, 644
188, 092
97, 552
252, 522
874
19, 936
227,359
150, 987
76, 372
198, 034
811
19, 554
219, 119
146, 653
72, 466
184, 918
831
16, 767
5,597
677
141
223
635
619
199
1,437
144
155
375
295
365
5,235
597
134
202
618
590
193
1,330
132
142
378
292
338
5,177
564
141
139
623
517
211
1,355
121
150
327
387
347
4,535
432
125
125
550
464
182
1,290
76
125
290
418
241
4,918
465
156
136
648
481
196
1,377
106
153
300
322
334
5,236
524
162
125
655
467
162
1,497
122
179
309
394
386
935
89
31
18
121
51
1
316
64
38
8
81
71
3,297
325
125
104
400
290
31
990
78
90
215
246
268
5,411
606
138
220
653
519
141
1,506
137
164
341
326
419
5,483
620
122
228
671
456
151
1
1, 572
141
176
325
348
424
5,135
602
101
220
633
346
125
1 1, 502
141
167
309
329
408
54, 076
180, 765
56,909
182, 760
54, 184
262, 247
55, 777
182, 171
52,001
276, 727
49, 742
245, 978
45, 790
252,431
35, 865
243, 748
41, 161
259, 203
52,023
232, 813
50,443
142, 324
58, 747
253, 181
.0702
.0630
.0605
.0575
.0651
.0725
.0737
.0775
.0775
.0775
.0775
.0746
.0725
129.5
23.8
105.7
73.1
.331
110.4
21.4
89.0
56.9
.295
103.9
23.3
80.7
48.1
.276
90.4
18.6
71.7
42.8
.277
104.2
24.0
80.2
49.3
.282
123.4
27.6
95.8
65.3
.282
135.3
29.1
106.2
75.9
.282
107.1
26.3
80.7
54.1
.286
119.8
26.8
93.1
61.2
.287
129.5
28.8
100.7
68.5
.287
140.2
28.9
111.3
77.0
.287
184.9
35.8
149.0
107.4
.287
162.8
33.4
129.4
89.4
.292
209, 187 "•198,279
136, 899 ' 121, 128
72,288
77, 151
176, 582 ••163,010
951
908
21, 365
22, 066
5,723
652
116
230
658
441
125
1
1, 719
151
182
331
363
464
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary _ _
short tons
Imports, bauxite.
longtons..
Price, wholesale, scrap castings (N. Y.)
dol. per lb_.
Aluminum fabricated products, shipments, total
mil.oflbsCastings
do
Wrought products, total .
do
Plate, sheet, and strip
_ _ do _
Brass sheets, wholesale price, mill
dol. per lb_.
Copper:
Production:
Mine production, recoverable copper
short tons..
Crude (mine or smelter, including custom intake)
short tons
Refined. _
do
Deliveries, refined, domestic
do
Stocks, refined, end of month
__
do
Exports, refined and manufactures.
do
Imports, total
_ _
do
Unrefined, including scrap
do
Refined
do
Price, wholesale, electrolytic (N. Y.)..dol. per lb__
Lead:
Ore (lead content) :
Mine production
_
. short tons
Receipts by smelters, domestic ore
do. __
Refined (primary refineries) :
Production!
do
Shipments (domestic)t
do
Stocks, end of monthf
do
Price, wholesale, pig, desilverized (New York)
dol. per lb_.
Imports, total, except mfrs. (lead content)
short tons..
Tin:
Production, pig
long tons
Consumption, pig
do
Stocks, pig, end of month, total §
do
Government§
do
Industrial
do
Imports:
Ore (tin content)
do
Bars, blocks, pigs, etc
do
Price, wholesale, Straits (N. Y.)
dol. per [faZinc:
Mine production of recoverable zinc. .short tons..
Slab zinc:
Production
do
Shipments, total __
do
Domestic
do
Stocks, end of month
_
do
Price, wholesale, prime Western (St. Louis)
dol. perlb..
Imports, total (zinc content)
short tons
For smelting, refining, and export
do
For domestic consumption:
Ore (zinc content)
do
Blocks, pigs, etc
do
72,568
67, 343
61,314
56, 735
55, 851
58, 013
60, 108
62, 243
62, 565
71, 464
67,296
75, 711
91, 589
93, 873
76, 134
76,494
11, 248
48, 487
27, 161
21, 326
.2145
81, 258
98, 139
32, 566
128, 441
14, 910
46, 548
19, 044
27, 504
.1776
72, 051
92, 118
45, 653
166, 925
17, 066
46, 570
20, 221
26, 349
.1634
62, 449
85,638
45, 316
212, 817
10, 349
33, 829
14, 414
19, 415
.1706
62, 279
85, 577
90,739
217, 167
8,695
45, 372
24, 372
21, 000
.1733
64, 870
79, 949
103, 115
193, 890
14, 214
38, 177
15, 745
22, 432
.1733
69, 052
86, 882
108, 192
164, 464
9,388
37, 231
25,102
12, 129
.1733
80, 598
92, 602
117, 133
139, 199
13, 075
41, 786
21, 811
19, 975
.1806
80,390
94, 947
107, 662
116, 027
25, 049
59, 117
39, 274
19, 843
.1820
85, 626
95, 229
111,668
101, 070
12, 165
56, 114
25, 647
30, 467
.1820
80, 756
94,036
112, 773
77, 472
20, 748
58, 049
36, 430
21, 619
.1820
' 90, 335
113, 440
123, 030
60, 276
19,021
45, 304
26,501
18, 803
.1820
36, 979
38, 715
36, 731
38, 347
36, 069
36, 654
29,778
32, 126
33, 852
32, 255
30,549
30,161
29, 734
29,497
31, 186
36,329
33,868
37, 888
36, 007
35, 031
48, 957
16, 229
68, 353
51, 206
19, 060
90,471
45, 455
29, 132
96, 367
38, 332
32, 562
91,834
37, 754
33, 581
75, 285
34, 928
28,298
60,208
46, 246
22, 695
64,859
48, 500
36, 799
65,065
48,896
22, 738
70, 424
47, 512
25,683
76,529
r
84,186
103, 293
101, 729
57,028
.1864
34, 794
36, 452
38,851
38, 457
35, 513
41, 670
21, 855
79, 143
49, 104
22, 358
88,581
48,196
33, 751
86, 309
.1063
.1515
.1372
.1200
.1356
.1503
.1505
.1342
.1252
.1200
.1200
.1200
.1096
25,870
48, 718
71, 661
9,300
30, 856
19,240
28,159
25, 951
27,356
31, 286
33, 924
26, 197
3,066
4,228
43, 322
31, 116
12, 206
3,241
4,186
41, 130
30, 550
10, 580
3,346
4,161
43, 431
33, 704
9,727
3,129
3,990
40, 679
31, 146
9, 533
3,307
5,045
31,416
21, 703
9,713
3,171
4,852
30,287
20, 873
9,414
3,246
2,411
32, 070
22, 403
9,667
3,313
3,925
35, 165
23,129
12, 036
3,081
4,605
35, 777
22, 452
13, 325
2,987
4,941
2 39, 827
25, 991
13, 145
2,652
5,131
2 43, 875
25, 816
17, 104
3,137
5,799
2 43, 890
23, 396
19, 673
4,205
8,493
1.0300
3,764
4,210
1. 0300
2,108
4,049
1. 0300
2,210
3,318
1.0300
2,332
6,434
1. 0300
3,284
6,458
1. 0209
4,899
7,558
.9572
4,122
4,881
.9119
1,793
2,915
. 8300
6,153
7,409
.7593
1,383
8,029
.7435
1,755
4,972
.7569
59, 185
55, 925
54, 271
40, 256
45, 068
41,887
38, 823
40, 112
41,687
' 43, 793
46, 187
51, 703
75, 921
53, .143
35, 948
50, 982
77, 537
52, 689
35, 564
75, 830
73, 989
66,900
44, 820
82, 919
74, 569
72, 080
62, 443
85, 408
73, 819
74, 339
68, 659
84, 888
70, 368
70,228
60, 371
85, 028
64, 399
51, 761
43, 998
97, 666
65, 055
73, 702
63, 859
89, 019
71, 327
66, 125
57, 801
94, 221
69, 948
82, 132
69,020
82, 037
69, 639
84, 257
72, 843
67, 419
77,946
85, 589
74, 700
59, 776
75, 877
83, 133
73, 389
52, 520
.1406
20, 066
5,447
.1188
36, 484
9,025
.0955
30, 534
6,873
.0936
21, 113
5,669
.1000
24, 756
3,839
.1001
23,198
1,692
.0932
20,507
1,109
.0975
28, 454
935
.0975
21, 294
207
.0976
23, 157
60
.0975
30, 999
434
.0994
25, 530
983
.1066
7,994
6,625
19,868
7,591
15, 093
8,568
5,747
9,697
9,941
10, 976
8,265
13,241
4,931
14,467
9,931
17,588
7,106
13, 981
12, 491
10,606
15, 625
14, 940
13, 382
11,165
6,042
105, 574
8,528
112, 115
13, 155
109, 624
14, 265
101, 842
27, 270
89, 724
33,839
74, 863
36,989
61, 511
25, 185
56,796
15, 025
60, 117
10, 595
70, 978
10, 534
79, 029
11,144
90,786
1,305
13, 833
1,510
14, 803
2,221
13,706
2,747
12, 068
4,130
10, 485
5,363
8,548
5,970
6,491
4,190
5,602
2,813
5,688
2,678
5,806
2,966
5,655
3,015
6.186
r
.7643
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square):
Shipments
thous. of lb._
Stocks, end of month
_
__do
Radiation:
Shipments
thous. of sq.ft..
Stocks, end of month
do
'Revised.
1 Includes data for electrical strip.
2 Includes small amount not distributed.
§Government stocks represent those available for industrial use.
fRevised series. Data beginning 1949 have been revised to exclude figures for secondary refineries; revisions prior to 1949 will be published later. The production figures (corresponding to
those formerly designated as primary) include some secondary lead produced by primary refineries.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1950
1949
May
April
June
July
August
September
October
November
Decem ber
January
February
March
April
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, ETC.—Continued
Boilers, range, shipments
_
number
Oil burners:
Orders, unfilled, end of month
_
do __
Shipments
do
Stocks, end of month
do
Stoves and ranges, domestic cooking, exc. electric:
Shipments, total
number
Coal and wood
_
do
Gas (inc bungalow and combination)
do
Kerosene, gasoline, and fuel oil
do
Stoves, domestic heating, shipments, total do
Coal and wood
do
Gas
__ _
do __
Kerosene, gasoline, and fuel oil
do
Warm-air furnaces (forced-air and gravity-air flow),
shipments, total
_ _
number__
Gas
do
Oil
do_
Solid fuel
do
Water heaters, nonelectric, shipments
do
27, 799
24, 867
29, 250
27, 587
39, 273
41, 492
44, 164
37, 937
41, 362
42 101
61, 231
25, 504
56, 430
61, 388
34, 906
54, 684
51, 210
46, 862
48, 050
55, 060
41, 589
46, 910
60, 801
74, 116
42,004
65, 364
94, 805
35, 451
56, 518
96, 963
29, 014
47, 562
60 342
32, 785
44,176
40 906
39, 130
41,206
36 650
40, 040
177, 962
12, 610
150, 737
14, 615
89, 125
12, 986
34, 354
41, 785
177, 292
10, 797
152, 382
14, 113
99, 691
17, 716
45, 821
36, 154
187, 294
10, 477
163, 115
13, 702
187, 626
42, 249
62, 692
82, 685
149, 399
11, 780
126, 619
11, 000
288, 102
75, 257
104, 603
108, 242
241, 977
17, 144
207, 521
17, 312
563, 694
146, 962
220, 861
195, 871
262, 193
18, 926
229, 244
14, 023
734, 975
213, 955
263, 859
257, 161
291,030
16, 718
257, 506
16, 806
666, 940
206, 025
263, 134
197, 781
269 616
15, 012
238 780
15, 824
505, 989
140 391
243 369
122 229
204, 521
9, 436
181 112
13, 973
186, 219
45 669
99, 041
41 509
34, 595
12, 263
9,668
12, 664
140, 597
42, 427
17, 131
12, 613
12, 683
150, 111
55, 857
24, 573
16, 820
14, 464
165, 597
48, 551
20, 059
15, 237
13, 255
144, 701
84, 250
36, 492
26, 143
21, 615
180, 632
111, 582
48, 235
30, 852
32, 495
191, 787
102, 989
44, 606
34, 676
23, 707
200, 959
78, 828
38 472
24, 650
15 706
184 147
51, 766
25 736
17, 543
8,487
160, 785
54, 523
53, 374
45, 218
36 808
42, 152
52, 504
51 946
43, 673
192 107
10 581
167 221
14 305
95, 908
12 088
48, 215
35 605
236 828
11 933
209 156
15 739
93, 591
6 366
42, 419
44 806
298, 434
14,527
265, 244
18, 663
108, 071
16, 597
59, 334
32, 140
39, 887
20. 353
13, 696
5 838
164, 863
45, 618
24 582
14, 248
6 788
185, 780
59, 982
36, 304
18, 348
5,330
209, 116
r
r
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders^
thous. of dol__
Unit heater group, new order sj
do
Foundry equipment (new) , new orders,
net
1937-39=100..
Furnaces, industrial, new orders:
Electric
thous. of dol
Fuel-fired (except for hot rolling steel)*
do
Machine tools, shipments
_ _ 1945-47=100
Mechanical stokers, sales:
Classes 1, 2, and 3
number
Classes 4 and 5:
Number
Horsepower
_ __
Pumps, steam, power, centrifugal and rotary, new
orders _
_ thous. of dol_
T
rl
!7,930
r
* 6, 101
r
r
17, 710
11,432
18, 569
7,740
15, 905
12, 341
172.0
121.9
164.9
146.6
127.1
166.6
133.5
270.4
201.0
159. 3
113.1
225.2
160.6
543
323
74.7
762
438
72.8
196
257
79.0
329
594
60.7
210
706
67.3
318
589
67.6
565
269
62.3
293
516
67.6
281
719
75.7
473
1,914
52.8
697
616
56.1
753
1,300
r
75.3
837
p61. 7
1,548
1,560
2,696
2,382
4,246
6,681
4, 319
2,257
1,469
1,327
670
'692
846
119
38, 292
158
30, 910
253
58, 142
193
31. 992
345
66, 018
268
50, 693
242
41, 318
209
52, 631
163
46, 854
106
29, 700
95
28, 564
2,699
2,775
3,019
3,358
3,767
2,914
2,539
2,525
2,560
2,587
2,938
685
1,059
1,637
2,648
2,786
2,573
2,132
1,694
1,467
1,174
220
222, 850
211, 700
197
207. 354
260, 700
210
161, 920
200, 900
205
219, 909
323, 789
206
250, 036
357, 281
168
272, 520
333, 700
137
253, 516
298 700
181
265, 513
237, 591
226
249, 150
275, 600
280
263, 515
343, 000
285
282
240
273
318
330
345
338
345
356
406
3,697
3,646
3,329
3,649
4,380
4,479
4,723
4,625
4,696
4,788
5,351
5,226
3,966
3, 649
2,776
2,678
3,038
3,201
3,231
3,155
3,632
3,439
3, 988
3,735
1,307
r
415
l!6
38, 845
35, 453
3,313
3,376
1, 191
917
356
361, 014
423, 800
292, 664
333, 100
r
115
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only) , shipments
499
thousands _ _
Domestic electrical appliances, sales billed:
216
Refrigerators index
1936—100
Vacuum cleaners, standard type
number. _ 252, 656
192, 500
Washers _
do
Insulating materials and related products:
315
Insulating materials sales billed index 1936—100
Fiber products:
Laminated fiber products, shipments
4,170
thous. of dol. .
Vulcanized fiber:
3,844
Consumption of fiber paper
thous. of lb__
Shipments of vulcanized products
1,247
thous. of doL_
Steel conduit (rigid) and fittings, shipments
21, 931
short tons
Motors and generators, quarterly:
New orders, index
1936—100
Polyphase induction motors, 1-200 hp.:d"
New orders
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp.:d"
New orders
thous of dol
Billings
do
r
1,133
982
810
947
1,013
1,063
1,112
1,097
1,217
1,269
1,566
17, 566
13, 240
12, 568
12, 400
14, 992
17, 683
12 662
20, 946
15, 674
16, 100
17, 708
r
240
224
236
338
18, 679
20, 542
17, 715
19, 655
18 521
17, 912
28 236
19,812
4,997
4, 833
2,890
3,248
3,747
3 472
4,692
3,525
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production..
thous. of short tons. _
Stocks in producers' storage yards, end of month
thous. of short tons_Exports
do
Prices, composite, chestnut:
Retail
dol per short ton
Wholesale
- do _
Bituminous:
Production
thous. of short tons
Industrial consumption and retail deliveries, total
thous. of short tons__
Industrial consumption, total
do _
Beehive coke ovens
do
Byproduct coke ovens
_ _ _
do _
Cement mills
do
Electric-power utilities
- - - do
Railways (class I)
do
Steel and rolling mills
- do
Other industrial
_
do_ __
Retail deliveries
do
3,722
4,403
3,403
3,921
3,707
2,112
4,975
4,653
2,746
2,914
2,581
4,882
3,355
573
424
584
617
450
610
661
358
879
382
601
399
724
510
1,138
' 421
975
277
658
149
358
201
183
364
289
20.01
15. 695
19.44
15. 565
19.65
15. 615
19.75
15. 759
19.80
15.814
20.08
16. 102
20. 36
16. 165
20.49
16. 185
20.49
16. 190
20.51
16.190
20.51
16. 190
20.62
16. 577
21.30
16. 684
47, 425
47, 795
35, 476
27, 071
37, 615
19, 783
10, 307
44, 623
36, 028
31, 277
'11, 950
37, 494
31, 363
995
8,253
649
6,330
6,121
714
8,301
6,131
34, 764
29, 718
825
8,305
670
6,142
5,892
621
7,263
5,046
32, 608
26, 891
417
7,523
633
6,338
5,274
559
6,147
5,717
29, 884
25, 842
44
7,008
629
6,168
4,974
505
6,514
4,042
33, 591
28, 005
79
7,384
641
6,732
5,133
551
7,485
5,586
36, 537
27, 292
47
7,161
625
6,341
4,709
527
7,882
9,245
28, 068
21, 569
16
2,466
654
6,279
4,584
192
7,378
6,499
34, 948
26, 343
52
5. 033
675
6,416
5,080
521
8,566
8.605
43, 036
31, 436
112
7,960
725
7,206
5,665
722
9,046
11, 600
41, 855
30, 719
152
7,696
659
7,306
5,320
712
8,874
11, 136
34, 322
25, 458
40
5,714
579
6,397
4,119
649
7,960
8,864
53, 104
r
r
45, 698
40. 033
30i 008
r
392
7,144
565
6,900
5,522
745
8,740
10, 025
36, 600
30, 024
649
8,091
631
6,538
5,341
653
8,111
6,576
blowers and fans, 13,052; 14,231; 14,977; 14,413; 14,543; unit heater group, 6,769; 6,837;'12,035; 11,371; 6,953.
cf The number of companies reporting is as follows: Direct current—last three quarters of 1949, 28; first quarter of 1950, 29; polyphase induction—(1949) second and third quarters, 32; fourth
quarter, 33; first quarter of 1950, 31.
*New series. Compiled by the Industrial Furnace Manufacturers Association, representing orders (less cancellations) for metallurgical and other purposes as reported by 24 to 28 companies
Currently, the combined data for electric and fuel-fired furnaces account for about 80 percent of the industry total. Data prior to 1949 will be shown later.
SURVEY OF CURRENT BUSINESS
June 1950
S-35
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
May
April
June
July
August
September
October
November
December
January
February
March
April
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL — Continued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons._
Stocks, industrial and retail dealers', end of month,
total
thous. of short tons. _
Industrial, total
do
Byproduct coke ovens
do
Cement mills
do
Electric-power utilities
do
Railways (class I)
do
Stoel and rolling mills
_ do___
Other industrial
do
Retail dealers
do- _
Exports
do
Prices, composite:
Retail
dol. per short ton
Wholesale:
Mine run
do
Prepared sizes
do. _
COKE
Production:
Beehive
__
thous. of short tons
Byproduct
_.
_ _ _ do_
Petroleurn coke
do
Stocks, end of month:
Byproduct plants total
do
At furnace plants
do_ __
At merchant plants
do
Petroleum coke
do
Exports
- - do
Price, beehive, Connellsville (furnace)
dol. per short ton__
99
118
114
87
85
78
54
71
39
14
12
19
45
65, 164
63, 066
12, 914
1,105
23, 499
9,296
1,160
15, 092
2,098
3,752
72, 755
70, 273
15, 870
1, 433
25, 444
9,701
1,360
16, 465
2,482
4,827
74, 161
71,351
15, 747
1, 614
25, 607
9,818
1,376
17, 189
2,810
4,349
69, 119
66, 399
13, 896
1,469
25, 062
8,669
1,214
16, 089
2,720
1,923
68, 621
65, 776
13 604
1, 454
25 458
8,196
1, 152
15 912
2,845
2,267
62, 064
59, 990
11, 903
1,422
24 142
6,680
1,029
14, 814
2,074
1,806
47,165
45, 755
9,946
1,018
19, 706
4, 170
916
9,999
1,410
282
45, 804
44, 359
10, 060
1,001
18, 508
4,094
907
9, 789
1,445
1,101
45, 111
43, 721
9 893
1,063
17 794
3,849
912
10 210
1,390
1,415
37, 119
36, 038
7 087
877
15 066
3 010
748
9 250
1,081
557
24, 583
24, 118
3,449
528
11, 055
2,093
453
6,540
465
197
28, 054
26, 89£
4 848
553
11 167
2, 755
500
7,070
1,161
776
37, 590
30 047
7 491
668
13 820
2,902
695
10 471
1,543
15 54
15 69
15.89
16 10
16 32
16 47
16 51
r
16. 67
16 62
r
8. 916
9. 855
i 8 756
9 457
15.84
15. 51
15.52
15.53
8.570
9.029
8.539
8.921
8.518
8. 929
8.531
8.945
8 515
8 964
8 580
9.060
639
5,761
261
534
5,798
323
270
5, 242
282
25
4,911
302
47
5,138
304
1,474
1,015
458
198
34
1 748
1,1*2
ffl6
227
53
1, 705
1,077
629
228
79
1 906
1,077
830
241
63
14. 450
14. 250
13. 812
1,753
150, 354
84
154,223
1,805
154, 146
85
161,053
272, 520
68, 331
188, 152
16, 037
273, 912
66, 799
190, 868
16, 245
1
8 640
i 9. 358
8 667
9.463
8 711
9.574
8 767
9 732
8.795
9.766
29
4,952
267
8
1,727
293
34
3,471
280
80
5,538
264
104
5, 358
291
26
3,956
259
'248
4,979
254
413
5 663
2 097
lio54
973
250
38
1 926
973
952
236
43
2 120
1,227
893
217
59
2 017
1,200
817
160
30
1 714
991
723
140
36
1 281
807
474
149
29
655
448
207
155
24
550
448
102
112
22
700
581
119
13. 250
13. 250
13. 250
13. 250
13. 250
13. 250
13. 250
13. 250
13. 850
14. 250
2,133
147, 098
84
154,861
1,803
145, 818
85
160, 358
1,847
148, 192
85
162, 485
1,984
148, 206
86
162, 812
1,826
154, 908
86
166, 568
1,980
156, 285
84
158, 782
1,877
155, 754
88
169, 723
1,806
152, 590
86
169, 987
1,671
139, 073
84
148, 837
2,009
151,213
85
165, 418
274, 691
64, 040
194, 685
15, 966
267, 586
62, 793
188, 383
16, 410
260, 585
60, 760
183, 849
15, 976
251, 689
58, 244
177, 571
15 874
250,
58,
175,
16
256, 010
59, 835
180, 086
16 089
253,
60
177,
15
246, 610
61 195
169, 217
16 198
243,
59
167
15
241,098
60,515
164, 663
15, 920
f
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
number
Production
_
thous. of bbl__
Refinery operations _
_ percent of capacityConsumption (runs to stills)
thous. of bbl__
Stocks, end of month :cf
Gasoline-bearing in U. S., total
do
At refineries
do
At tank farms and in pipe lines
do
On leases
do
809
653
984
172
356
405
049
902
750
965
916
869
2,872
3,655
3,071
2,866
2, 153
3,403
2 619
3,010
Exports
do
2,916
2 722
2 130
2 196
14,924
12,013
12. 522
12, 550
12, 706
13, 699
Imports
do
11, 964
14, 998
16, 537
11, 647
13, 983
11 891
2.510
2.510
2.510
2.510
Price (Kansas-Oklahoma) at wells. -dol. perbbL.
2.510
2.510
2.510
2.510
2.510
2. 510
2. 510
2.510
2.510
Refined petroleum products:
Fuel oil:
Production:
25, 368
23, 134
29, 070
25, 199
25, 870
27, 972
30 047
Distillate fuel oil
thous ofbbl
28, 871
32 000
32 489
28 729
31, 024
34, 417
32, 250
35, 768
35, 277
31, 218
33, 414
Residual fuel oil
do
35,411
33, 299
37, 491
35, 361
37, 283
32 818
Domestic demand:
22, 149
42, 604
16, 504
17, 575
18, 790
22, 858
30, 772
22, 478
23, 141
Distillate fuel oil
do
44, 759
43, 406
39 484
52, 085
38, 085
34, 877
35, 682
35, 378
Residual fuel oil
do
38, 281
39, 639
41, 130
45, 535
51 334
51 302
47 281
Consumption by type of consumer:
3,916
4,148
Electric-power plants
do
4,987
5,478
5,319
5 432
7 462
7 868
6,656
7,316
7 938
5 810
7 804
4, 366
4, 513
4, 033
4,577
4,075
4,329
Railways (class I)
_ _ do__
4,184
4,755
4,377
4,333
4,035
3, 791
5, 353
5,063
4,665
5,345
Vessels (bunker oil)
-v
do
4, 198
5,048
4 837
5 088
4 765
4 238
4 368
4 160
4 282
Stocks, end of month:
51, 231
2 52 206
58, 381
64, 730
71,553
2 37, 777
Distillate fuel oil
_do
76, 037
83, 213
88,212
90 643
2 63 932
75 207
59, 668
66,084
63, 576
64, 628
66, 843
41, 860
Residual fuel oil
_.
do_.
65, 112
67,117
47 828
68, 673
60, 193
55 808
Exports:
1,108
453
769
656
711
Distillate fuel oil
do
666
649
1,001
627
7^0
430
1 036
514
1,019
599
730
1, 193
608
514
852
751
Residual fuel oil
.
do_
644
817
843
Price, wholesale, fuel oil (Pennsylvania)
.088
.098
dol. per gal__
.088
.088
.090
.083
.084
.090
.088
.088
.088
.090
.088
Kerosene:
Production ___
___ _
thous. ofbbl
8,166
6, 974
6, 715
7, 175
7,361
9, 273
10,100
8,093
9, 339
10, 755
9, 409
11,140
6,605
5,676
6, 315
6, 799
11,454
12, 939
Domestic demand
do
4,577
4, 531
8, 269
14, 978
13 906
11 413
24,826
21, 546
25, 490
Stocks, end of month
_.
do
19, 052
23, 648
25, 267
26, 650
27, 009
20, 888
13, 001
18, 200
16, 126
45
111
79
258
213
Exports
do
93
118
181
43
97
68
89
Price, wholesale, bulk lots (New York Harbor) f
dol. per gal__
.091
.084
.084
.084
.084
.086
.088
.089
.089
.088
.090
.093
.090
Lubricants:
3, 554
Production
thous. of bbl
4,086
3, 457
3, 006
3,804
3,510
3,729
3, 984
4, 116
4, 100
3,932
3 587
2, 752
3,111
2, 623
2, 699
2,982
3,023
3,026
Domestic demand- _
__
. _ do. 2,927
2, 047
2,846
3, 271
2, 308
8,962
9 922
9, 731
Stocks refinery, end of month
do
10 588
10 089
8 734
9 109
9 219
8 894
9 323
8 989
9 .341
998
1, 115
754
1,031
886
1,291
1 110
Exports
.
do
898
976
1 152
1,301
940
Price, wholesale, cylinder, refinery (Pennsyl.190
.150
.168
.150
.148
vania)
dol. per gal_.
.140
.140
.140
.140
.140
.140
.140
.140
' Revised.
1
Comparability of data is slightly affected in October 1949 and April 1950 by substitutions in reporting companies. Prices on new basis for September 1949 are $8.618 (mine run) and $9.300
(prepared sizes); for March 1950, $8.916 (mine run).
2
New basis. Beginning January 1950, coverage was increased to include one East Coast terminal not previously reporting; comparable December 1949 figure, 75,435,000 barrels,
c?Includes stocks of heavy crude in California.
tRevised series. Prices for kerosene (N. Y. Harbor, No. 1 fuel, bulk lots, f. o. b. refineries or terminals, excluding all fees and taxes) have been substituted for those for water white (Pennsylvania) formerly shown; comparable January 1949 figure on the new basis, $0.103. Data for 1935-48 will be available later.
SURVEY OF CURRENT BUSINESS
S-36
June 1950
1950
1949
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
April
May
June
July
August
September
October
November
December
January
February
March
April
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products— Continued
Motor fuel:
All types:
82, 162
82, 953
82, 232
79, 383
77, 157
Production, total
thous of bbl
Gasoline and naphtha from crude petro72, 905
68, 432
70, 603
73, 740
73, 069
leum
thous. of bbl
12, 476
12, 479
12, 346
11, 964
13, 054
Natural gasoline and allied products do
Sales of 1. p. g. for fuel, etc., and transfers
3,184
3,621
3,219
3,266
3,891
of cycle products
thous. of bbl
7,241
7,319
6,399
7,296
7,269
Used at refineries
do___
81, 622
83, 338
82, 118
84, 632
75, 279
Domestic demand
do
Stocks, gasoline, end of month:
113, 164
103, 867
117, 020
106, 068
97, 724
Finished gasoline, total
do
65, 988
58, 740
55, 281
70, 817
60, 871
At refineries
do _ _
7,155
8,331
8,438
7,973
7,350
Unfinished gasoline
_ _ do
7,418
7, 391
7,253
7,031
7,668
Natural gasoline and allied products do
3,364
3,668
3,205
1,913
3,277
Exports
thous. of bbl__
Prices, gasoline:
Wholesale, refinery (Oklahoma)
.099
.099
.100
.100
.100
dol. per gal..
.196
.196
.196
.196
.196
Wholesale, tank wagon (N. Y . ) _ _
do. _ _
.204
.204
.204
.204
.204
Retail, service stations, 50 cities
do
Aviation gasoline:
3,975
3,951
3,614
4,132
4,036
Production, total
thous. of bbl
3,125
3,106
3,039
2,735
2,954
100-octane and above
do
6,852
6,841
6,584
6,179
7,357
Stocks, total
do
3,088
3,144
2,782
3,500
3,156
100-octane and above
do
Asphalt:
798, 900
899, 100
934, 000 1, 018, 700
Production.
short tons.. 651, 100
1, 510, 000 1, 500, 000 1, 354, 000 1, 247, 100 1,044,700
Stocks, refinery, end of month. .
do
Wax:
72, 520
73, 080
69,160
Production
thous. of Ib
64, 120
66, 640
140, 560
148, 680
Stocks, refinery, end of month
.
. do __ 134, 680
148, 400
139, 720
Asphalt products, shipments:
4,196
4,650
4,596
5,482
4,273
Asphalt roofing, total
thous. of squares..
Roll roofing and cap sheet:
991
1,189
977
988
1,267
Smooth-surfaced
. .-do
1,034
976
897
1.309
990
Mineral-surfaced
do
2,484
2, 584
2,308
2,906
2,296
Shingles all types
do ..
180
166
190
181
225
Asphalt sidings
do
38, 012
45, 341
43, 153
42, 232
Saturated felts
_ short tons. _
53, 387
r
80, 310
83, 185
79, 733
83, 515
82, 075
71, 046
13, 270
73, 626
13, 965
70, 369
14, 265
74, 286
14,711
72, 556
15, 116
4,006
7,470
80, 760
4,406
8,301
79, 253
4,901
7,449
76, 270
5,482
7,325
75, 553
5, 597
7,279
66,908
94, 445
53, 727
7,354
7,607
2,271
96, 194
55, 117
7,093
6,923
2,476
97, 173
54, 200
7,534
7,141
1,809
103, 586
62, 116
7,857
6,831
1,611
.100
.196
.203
.100
.196
.203
.098
.195
.201
3,718
2,805
6,171
2,817
3,955
2,844
6,606
3,117
3.848
2,529
6,822
2,902
952, 200
830, 000
902, 500
798, 400
684, 700
790, 400
535, 100
458, 700
530, 200
602, 700
894, 200 1, 027, 800 1, 140, 000 1 238 700
72, 800
125, 160
99, 680
130, 200
71,960
126, 000
92,400
132, 440
87, 920
133, 840
101, 360
144, 760
79 800
137, 760
5,968
6,101
5,177
3,021
3,538
3,255
3,816
4,447
1,418
1,437
3,113
272
53, 911
1,516
1,502
3,084
289
59, 277
1,269
1,254
2,655
257
58, 198
751
720
1,550
170
41, 228
936
834
1,768
189
41, 485
821
779
1,655
169
35, 168
883
860
2,072
158
43, 746
979
962
2 506
121
45 693
73, 549
80 786
64, 685
13, 608
71 350
14, 586
4,744
6,773
63, 366
5, 150
7,352
78, 739
116, 624
73, 880
8,674
7,363
1,201
124, 177
81, 457
8,619
r
8, 098
1,410
124, 924
83, 399
8,842
7,708
1,229
.098
.192
.201
.097
.192
.200
.096
.192
.199
.095
192
.197
4,086
2,957
7,444
3, 338
3,044
1,806
7,940
3,341
2,670
1,834
8,026
3,316
3 348
2,335
7 758
3,075
r
T
.095
.193
.200
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128 cu. ft.)-Consumption
do
Stocks, end of month
_ do
Waste paper:
Receipts
._
short tons.
Consumption
do
Stocks, end of month
do
1,226
1,572
5,112
1,311
1,537
4,876
1,451
1,502
4,877
1,388
1,330
4,918
1,778
1,670
5,015
1,683
1,684
4,995
1,841
1,869
4,964
1,772
1,841
4,875
1,718
1,726
4,879
1,753
1,884
4,753
509, 123
525, 914
439, 983
492, 256
511, 138
418, 706
491, 700
512, 582
397, 963
427, 149
419,348
405, 228
552, 539
586, 250
367, 874
588, 734
591, 334
367, 980
655, 365
639, 735
379, 549
615, 578
625, 182
368, 121
606, 410
573. 516
397, 307
588, 946
589, 046
394, 077
557, 634
572, 188
372, 234
951
116, 830
343, 235
155, 353
58, 988
38, 061
166, 006
32, 282
920
112, 129
347, 366
135, 302
56, 309
33, 256
160, 917
33, 592
806
104, 061
307, 177
117,955
39, 249
32, 128
142, 101
28, 475
1,019
119, 599
408, 055
149, 967
57, 505
40, 654
157, 057
35, 463
1,030
112, 819
400, 941
149, 496
54, 219
38, 844
155, 658
52, 441
1,146
128, 507
445, 225
165, 553
63, 043
42, 506
167, 395
76, 925
1, 136
128, 443
436, 025
169,313
59, 601
43, 341
165, 969
76, 907
1,077
117, 099
404, 018
162, 468
56, 889
42, 232
168, 344
73, 261
1, 181
139, 514
465, 558
173, 759
59, 534
45, 120
165, 152
74, 566
1,089
131, 186
422. 223
160, 266
57, 025
42, 179
154, 439
71, 989
161, 188
14, 459
13, 224
45, 443
26, 711
3,631
46, 778
158, 496
17, 650
12, 043
39, 823
28, 831
5,116
43, 840
145, 522
17, 593
10, 190
37, 288
23, 173
4,488
40, 584
139, 658
18.237
9,634
38, 045
21,515
4,668
36, 024
121,395
15, 442
9,650
33, 351
17,917
3,883
30, 863
114, 948
12, 047
8,445
33, 351
19, 808
3,364
27, 492
114, 018
12, 896
8,355
32, 412
19, 436
2,992
27,634
98, 480
9,240
7,331
25, 621
15, 104
2,099
29, 490
109, 010
9,709
8,770
29, 644
15, 259
1,771
33, 984
108, 503
10, 470
8,206
26, 937
17, 203
1,456
34, 044
17, 750
142, 328
38, 235
16, 844
37, 528
24, 941
2,100
21, 939
21, 154
129, 611
36, 635
14, 309
33, 686
27, 020
1,695
15, 629
6,266
113,685
26, 562
16,331
35, 027
21,927
1,907
11,443
6,068
135, 228
37, 409
13, 549
35,311
30, 598
2,351
15, 548
4,989
118, 632
28, 009
7,848
35, 491
26, 187
2,357
18 193
4,510
174, 922
41, 739
18, 433
46, 125
42, 436
2,774
21 346
3,937
244, 755
40, 845
54 014
66, 644
56, 624
2 763
23 169
5,628
212, 630
33, 063
40, 359
59, 233
51,987
2, 805
24 572
4,344
237, 094
31, 744
64, 496
50, 423
63, 260
2,566
23 995
5,629
183, 553
39, 666
28 325
51, 531
40, 148
2 683
20 396
1,543
807
683
54
1,556
801
699
56
1,348
717
579
53
1,749
862
823
64
1,793
881
828
85
1,953
960
896
98
1,920
943
884
92
1,807
899
823
85
1,881
936
859
86
1,796
898
810
87
WOOD PULP
Production:
r
947
Total, all grades
thous. of short tons
Bleached sulphate
..short tons - 112, 324
344, 744
Unbleached sulphate
do
156, 712
Bleached sulphite
do
T
57, 483
Unbleached sulphite.
_
-do _
39, 405
Soda
__do
165, 322
Oroundwood
do
32, 376
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
r
Total, a l l grades . _ _ _ . _ _ _ _ _ _ .short tons. _ 151, 960
12, 866
Bleached sulphate
do
17, 003
Unbleached sulphate
do
40, 803
Bleached sulphite
do
* 23, 674
Unbleached sulphite
do
3,463
Soda
do
44, 171
Groundwood
do
Exports, all grades, total
Imports, all grades, total
Bleached sulphate
TJnbleached sulphate
Bleached sulphite
Unbleached sulphite
Soda
Groundwood
_
do _ _ _
do
do . _ _
do
do
do _.
do
do
r
r
r
1,662
1,768
4,675
10, 923
97, 517
24, 393
11, 522
25, 193
19, 155
2,197
14, 461
T
1, 735
1 936
4, 473
1 386
1 859
3 998
r
632, 344
r
651 142
r
604, 873
601 161
361, 607
1, 199
146, 640
64, 601
46, 096
174, 005
76, 188
1, 167
139. 388
450 022
172, 614
57, 232
44, 575
172, 672
76, 694
107, 733
9,926
T
8, 463
25 808
18, 615
1,414
33, 885
116, 491
12, 834
8, 587
28 125
17, 740
1, 735
37, 697
355, 615
r
453 072
r
183, 146
r
r
r
r
5, 528
201 366
42, 620
33 829
58 575
38, 904
2 983
23 943
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
thous. of short tons..
Paper (incl. building paper) .
_.
do
Paperboard
do
Buildins board..
._
do
r
Revised.
r
1, 570
r
827
r
694
49
r
r
2, 032
1, 029
901
101
1,903
960
848
94
SUEVEY OF CURRENT BUSINESS
June 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-37
1950
1949
May
April
July
June
August
September
October
November
December
February
January
March
April
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Continued
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) : f
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, "B" grade, English finish, white, f. o. b. rnilL _dol. per 100 lb_.
Coarse paper:
Orders, new ..
short tons.
Orders, unfilled, end of month
do
Production
__
_
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada (incl. Newfoundland) :cf
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 (New York)
dol. per short ton._
Paperboard (National Paperboard Association) :
Orders, new
short tons
Orders, unfilled, end of month
do
Production, total ..
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments §
. .. _ mil. sq. ft. surface area
Folding paper boxes, value:
New orders
1936=100
Shipments
do
634, 122
347, 140
664, 594
664, 179
323, 662
629, 197
342, 763
639, 482
634, 219
328, 690
637, 622
343, 370
631,906
626, 312
334, 556
593, 334
368, 430
560, 472
568, 772
327, 093
719, 898
407, 215
684, 243
679, 984
330, 664
764, 640
463, 553
699, 796
706, 642
324, 990
803, 535
497, 820
765, 612
768, 592
321, 449
754, 993
496, 770
762, 099
755, 367
328, 285
86, 811
42, 762
83, 706
85, 520
85, 997
80, 045
38, 443
84, 822
84, 286
86, 545
84, 135
37, 168
85, 363
85, 563
86, 336
71, 205
41, 740
66, 603
66, 483
86, 583
87, 529
41,355
87, 847
87, 887
85, 969
87, 252
40, 500
86, 983
87, 870
85, 805
100, 173
45, 270
93, 235
96, 342
82, 864
230, 668
163, 885
240, 199
240, 900
100, 225
241, 155
167, 170
238, 088
238, 600
98, 480
229, 847
159, 569
225, 219
230, 058
93, 925
217, 290
173, 400
202, 468
204, 108
93, 000
261, 590
190, 945
248, 153
243, 043
98, 000
268, 975
206, 538
251,456
251,878
98, 000
274, 594
215, 785
266, 393
263, 717
100, 500
779, 500
543, 100
774, 000
768, 000
342, 523
665
860
789
566
508
785, 948
509, 545
775, 846
763, 256
341, 090
91, 985
43, 270
93, 248
92, 987
83, 125
86, 355
39, 300
91, 908
90,322
84, 710
96, 268
41, 525
93, 734
94, 033
84, 411
r 100, 628
' 50, 2CO
r 92, 899
' 92, 368
' 86, 350
102, 500
' 112, 240
' 56, 785 56, 286
r
103, 703 103, 000
103, 000
r 105, 655
84, 398
' 84, 398
260, 080
218, 400
265, 313
257, 785
108, 140
252, 560
209, 880
263,049
261, 078
110, 115
281, 470
232, 255
264, 983
259, 094
116,004
' 249, 075
r
234, 200
' 244, 781
r
247, 125
' 113, 660
T
729,
486,
739,
739,
328,
' 747, 742 ' 854, 627
' 519, 060 ' 532, 750
736, 448 r 837, 187
' 738, 634 r 840, 905
' 340, 315 r 336, 593
r
286, 740
' 238, 650
' 284, 652
p
282, 262
' 116, 050
259, 000
243, 650
259, 000
254, 000
121, 000
11.30
11.30
11.30
11.30
11.30
11.30
11.30
11.30
11.30
195, 006
74, 100
217, 475
215, 150
83, 700
193, 672
72, 425
201,355
195, 343
89, 700
208, 616
81, 068
206, 055
196, 506
99, 250
198, 513
87, 200
187, 236
192, 380
94, 100
248, 105
108, 500
225, 676
226, 795
92, 980
280, 775
146, 500
236, 977
242, 747
87, 210
288, 365
166, 300
267, 024
268, 577
85, 650
269, 096
165, 040
268, 903
270, 358
84, 195
260, 710
166, 595
254, 841
259, 153
79, 883
267, 149 ' 262, 560
163, 950 ' 161, 845
275, 762 r 264, 135
269, 794 ' 264, 665
' 85, 850 ' 85, 320
442, 448
428, 999
191, 190
442, 730
459, 129
174, 791
437, 043
447, 961
163, 873
421, 475
412, 127
173, 221
446, 834
435, 007
185, 048
415, 179
437, 658
162, 569
435, 651
433, 039
165, 181
436, 766
460, 977
140, 970
414, 872
434, 652
121, 190
417,011
403, 013
135, 188
399, 247
376, 834
157, 601
451, 635
426, 960
182, 276
422, 774
425, 660
179, 390
368, 945
75, 459
73, 930
392, 212
79, 987
80, 162
349, 944
80, 417
78, 460
313,118
76,218
77, 133
318, 046
78, 944
76, 941
356, 528
70, 600
69, 614
399, 262
73, 350
75, 013
378, 626
72, 130
72, 417
372, 497
69, 854
72, 255
345, 093
74, 275
76,080
350, 906
69, 099
70, 756
396, 923
80, 571
79, 027
403, 801
82, 564
85, 340
11, 309
381, 865
79, 724
362, 996
100.00
11, 134
373, 041
71, 404
414, 526
100. 00
13, 091
384, 872
75, 863
397, 741
100. 00
12, 176
416, 595
76, 848
377, 409
100. 00
14, 179
446, 964
86, 044
404, 129
100. 00
15, 165
444, 335
85, 333
356, 129
100. 00
13, 502
412, 805
75, 708
399, 910
100. 00
13, 215
378, 578
87, 677
386, 639
100. 00
10, 814
371, 131
74, 732
418, 496
100. 00
9,009
355, 599
86, 039
376,819
100. 00
7,352
328, 881
88, 593
347, 950
100. 00
8,896
318, 036
86, 765
382, 399
100. 00
6,120
284, 010
91, 075
688, 000
260, 300
696, 700
686, 700
238, 700
692, 300
692, 000
243, 300
696, 800
618, 100
268, 500
583, 800
890, 200
365, 600
821, 600
873, 000
360, 900
833, 800
945, 000
400, 600
888, 500
887, 000
429, 800
882, 800
94
93
801, 200
359, 300
827, 400
860, 300
337, 800
858, 800
802, 800
314, 600
817, 000
847, 100
343, 700
858, 300
88
92
952, 600
371, 800
908, 600
79
78
75
64
86
87
83
11.30
11.30
11.30
r
11.30
280, 000
165, 500
r 161, 610
' 300, 895 276, 000
' 304, 464 276, 000
' 81, 750 81, 750
304, 230
91
100. 00
92
f 4, 725
r 4, 623
r 4, 843
'4,354
r 5, 688
- 6, 244
r 5, 753
' 5, 230
5,260
5,147
6,112
5,685
396.2
426.3
385.7
408.5
412.6
436.4
355.6
332.1
450.7
449.5
516.6
470.8
478.5
507.5
452.2
492.8
412.9
449.3
441.7
449.0
435.2
432.7
529.5
521.6
443.0
456. 1
1,074
945
755
190
760
570
190
863
669
194
704
554
150
763
597
166
1,129
1,019
1,498
1,114
673
524
149
829
619
210
846
671
175
1,107
384
52, 919
106 619
67, 934
59, 992
108 769
58, 251
56, 580
104 477
53, 393
60, 859
r 101 691
57 816
105 737
' 5, 735
PRINTING
Book publication, total
New books
New editions
number of editions.
do
_.do _
822
252
944
185
758
261
872
235
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
Stock", end of month
do
Imports, including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. per lb__
Chemical (synthetic) :
Production
Consumption
Stocks, end of month
Exports
__
Reclaimed rubber:
Production
Consumption
...
Stocks, end of month
long tonsdo
.do
do
_
do
do
do
47, 859
112,916
50, 623
46, 128
111,875
53, 434
47, 117
103, 626
51, 217
40, 597
103,017
46, 187
45, 307
99, 850
49, 579
43, 978
100, 618
45, 620
51, 243
90 733
47, 285
52, 093
99, 208
67, 152
r
61 481
.185
.178
.163
.164
.167
.176
.163
.167
.177
.184
.195
.197
.238
35, 445
36, 529
114, 944
32, 335
35, 528
112, 739
509
622
31, 953
37, 211
106, 813
34, 270
30, 094
113, 595
33, 885
34, 419
111,333
30, 878
32, 443
110, 848
28, 015
33, 687
103, 955
28, 619
31, 684
101, 430
27, 234
31, 771
98, 042
27, 808
33 966
92, 284
29, 336
31 860
88, 381
33 003
r
37 647
r
86 824
34 821
38 037
83 578
18, 463
18, 649
32, 825
18, 184
18, 323
32, 326
18, 849
19, 316
30, 684
14, 626
15, 966
29, 126
17, 813
19, 297
27, 526
18, 304
18, 517
26, 257
20, 683
19, 638
26, 619
19 382
18, 512
27 801
19 723
18 210
28 263
19 447
20 106
27 319
20 424
19 741
27 256
6,759
6,609
2,770
3,717
6,934
6,822
2,379
4,322
121
121
7,392
7,534
3,233
4,185
6,264
7,695
3,099
4,488
6,228
7,769
3,192
4,463
5,623
6,756
3,079
3,564
6,489
6,782
2 937
3, 689
6,037
5,262
1 746
3,417
6 272
5,229
2 158
2,940
6 827
5 913
3 094
2 703
6 691
6 216
3 247
2 870
13, 191
13, 301
13, 135
11, 717
9,970
8,930
8,698
9,542
10 638
11 366
11 797
124
92
5 629
5 312
10 926
5 803
5 610
11 Oi9
587
691
384
425
425
478
674
580
596
635
r 23 037
22' 151
r 27 602
r
22 671
21 463
28 189
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export
Stocks, end of month
Exports
Inner tubes:
Production
Shipments
Stocks, end of month
Exports
. . .
_
._
thousands
do
do
do
do
__
do
do
__
do
do
do
do
171
5,977
5,344
11 748
110
169
6,005
5,237
12, 410
127
116
130
6,343
6,345
12, 306
89
108
120
5,230
6,297
11 364
80
114
134
5 165
6,600
9 858
72
113
123
4 891
5 852
8 875
81
156
151
5 261
5 489
8 609
105
99
109
5 141
4 163
9 645
53
131
120
5 325
4 179
10 657
60
116
49
100
50
7 314
6 794
2 830
3 858
' 106
12 355
6 223
5 733
11 432
K1
51
7
7
2
4
583
526
975
439
112
12 341
6 285
6 094
11 710
_ »• Revised.
cf Revised to include figures for Newfoundland; data for 1937-48 are shown on pp. 22 and 23 of the May 1950 issue of the SURVEY. Further revisions for stocks at mills, end of
1
'ecember, are as follows (short tons): 1946, 146,524; 1947, 93,405; 1948, 109,195.
tRevised data for 1948 are shown on p. 23 of the May 1950 issue of the SURVEY.
§Revised data for shipments of shipping containers for January 1948-March 1949, respectively, are as follows (mil. of sq. ft. of surface area): 5,208; 5,045; 5,553; 4,973; 5,025; 5,097; 4,591; 5,345^'405; 5,750; 5,528; 4,936; 4,786; 4,437; 5,006.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1949
May
April
June
July
August
1950
September
October
November
December
January
February
March
April
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments. reams. _
132, 813
120, 863
123, 343
111,262
132, 950
144, 716
148, 461
126, 936
124, 653
145, 157
144, 609
157, 524
154. 385
17, 682
85
17, 779
22, 977
7,560
18, 622
86
19, 426
22, 170
7,440
18, 279
87
20, 667
19, 785
6,922
18, 856
87
19, 321
19,313
6,212
18, 715
87
23, 633
14,381
5,798
19, 181
92
22, 763
10, 797
4,461
19, 070
88
21, 278
8,569
3,610
18, 040
86
17, 269
9,341
3,356
16, 936
78
11, 606
14, 686
4,597
15, 174
70
9, 593
20, 267
6,068
13, 070
67
9 775
23, 579
7 372
14, 238
66
14 613
r
23 205
r § 747
18, 088
85
18 375
22 918
8 470
420, 477
407, 003
459, 671
433, 772
488, 860
464, 536
449, 182
444, 523
506, 890
507, 886
492, 123
500, 344
511, 501
526, 164
491, 254
499, 371
454, 704
400, 418
377, 675
345, 485
345, 731
322, 320
397 905
433, 816
24. 021
24. 002
24. 000
23. 964
24. 045
24. 043
24. 010
24. 075
24. 053
24. 035
>• 24. 103
r
125, 128
112, 584
126, 612
117, 523
125, 012
121,010
105, 703
111, 298
126, 139
132, 431
123, 021
129, 811
122, 020
136, 580
126, 101
120, 750
119, 196
93, 183
108, 580
92 740
105, 032
85, 668
121, 935
113 060
114, 878
100, 093
112, 150
112, 997
111,533
111,846
120,780
105, 648
121, 209
118,388
109, 675
115, 559
111,161
107, 601
107, 355
101, 739
100, 676
84, 221
97 456
79, 119
91 124
83, 238
100 988
104 774
7,035
6,869
7,663
7,811
8,036
7,928
8,108
7,746
8,662
8,933
7 550
7,981
8,283
7,737
7,375
6,963
6,963
6,321
7,952
7,379
7 290
6,748
8 204
8,129
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks clinker end of month
thous. of bbL.
thous. of bbl
do
do
CLAY PRODUCTS
Brick, unglazed:
Production
thous. of standard brick
Shipments
- do
Price, wholesale, common, composite, f. o. b. plant
dol. per thous..
Clay sewer pipe, vitrified:
Production
short tons__
Shipments
do
Structural tile, unglazed:
Production
do
Shipments
do.
24. 152
24.207
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)
thous. of gross _ _
Beverage (returnable and nonreturnable)
thous. of gross. _
Beer bottles
. __ ___ do.
Liquor and wine
-do
Medicinal and toilet
do _
Chemical household and industrial
do
Dairy products
do
Fruit iars and jelly glasses ... ... _ _ do_
Stocks, end of month
do
Other glassware, machine-made:
Tumblers:
Production
thous. of dozens
Shipments
_
-do .
Stocks
-do
Table, kitchen, and household-ware, shipments
thous. of dozens..
649
715
701
748
1,108
1,164
760
1,763
2,020
2,084
2,022
2,528
1,965
i 2, 157
538
480
816
567
1,025
646
911
538
486
443
206
317
1 121
1,975
164
298
1,359
2,024
841
1,612
840
1, 666
837
1,584
587
251
148
9,763
628
227
333
9,374
553
242
255
9,270
4,621
4,905
8,270
5,242
5,055
8,615
3,264
3,672
874
1,526
942
1,992
561
253
311
9,425
728
346
359
8,906
4,608
4,993
8,154
4,148
4,197
7,689
3,368
2,528
652
308
1, 871
176
304
1,227
1.887
1
1, 694
228
333
975
1,823
640
680
775
876
1 2, 291
i 1, 968
2,111
1,871
231
325
290
263
479
451
1, 140
2,062
592
475
826
785
2, 127
1,809
9,145
i 14
9,352
4,940
4,961
7,615
4,853
3,756
8, 584
3,647
2,617
8,318
i 15
8,602
611
255
(i)
8,735
4,907
5, 157
7,715
4,770
4,734
7,618
5,521
5,436
7,676
3,323
3,349
3,801
687
341
205
521
632
1
444
304
C1)
8? 420
7 649
669
256
964
1 856
i 33
9,595
771
277
64
9,454
10, 006
6,125
4,981
9,825
5,578
5,552
9,820
6,061
6,251
9,642
6 515
6,168
9 938
2,644
3,179
3,900
3,266
667
253
633
228
154
GYPSUM AND PRODUCTS
Crude gypsum:
Imports
thous of short tons
Production
do
Calcined production
do
Gypsum products sold or used:
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
Wallboard cf
do
Industrial plasters
511
1,589
1,313
734
1,821
1,552
414
1 642
1,574
" 488, 923
472, 804
500, 302
414, 901
446, 069
11, 341
105, 400
393, 725
6, 991
574, 797
514, 531
12 659
118,814
538, 427
7 341
610, 334
464,
10
122
568
8
719,
022
909
092
165
134
627
459 7fi6
13 066
112 038
610 422
8 807
723, 788
51,610
short tons
991
1 615
1,418
49, 644
57 Oil
55 163
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
_ _ __ . thous. of dozen pairs. .
Shipments
do
Stocks end of month
_- do
11, 155
11,721
23, 820
11, 052
10 934
23, 938
11,926
11,303
25, 800
9,981
9,752
26, 029
12, 381
12, 844
25, 566
13, 028
13, 950
24, 644
13, 607
14, 580
23, 671
13, 987
14, 504
23, 153
12,731
11,593
24, 138
12, 868
12, 408
24, 598
13, 042
12, 950
24, 690
14, 072
14, 126
24, 636
12, 231
11 480
25 386
COTTON
Cotton (exclusive of linters) :
Production:
9,544
14, 716
15, 641
5,309
298
1,247
13, 976
2 15, 908
Ginnings§
thous of running bales
Crop estimate, equivalent 500-lb. bales
2
16, 127
thous of bales
664, 133
580, 476
600, 651
709, 958
454, 426
725, 602
734, 013 734, 186
598, 502
771, 833
739, 438
898, 228
Consumption!
bales
Stocks in the United States, end of month,
6,836
5,283
7,877
14, 040
12, 812
19, 257
16, 657
15, 369
5,781
18, 472
17, 348
11, 637
totall
thous. of bales. .
19, 199
7,786
5,705
5,214
16, 592
15, 304
13, 974
12, 733
6,753
18,408
17, 273
11, 528
Domestic cotton, total
_- - -do
251
14, 622
7,852
2,315
559
319
4,685
3,036
1,757
1,453
480
11, 590
On farms and in transit
do
3,942
9,951
9,204
8,344
10, 664
5,842
5,057
4,388
4,128
6,120
10, 501
8,271
Public storage and compresses
. do
1,604
834
635
1,405
1,708
1,385
1,216
998
698
1,771
1,805
1,077
Consuming establishments _
__do
64
65
65
66
76
69
58
75
79
91
83
108
Foreim cotton, total
do
r
Revised.
* Data for wide-mouth food containers include jelly glasses in October, January, and February and both jelly glasses and fruit jars in November and December.
2
Total ginnings of 1949 crop.
§Total ginnings to end of month indicated.
cf Includes laminated board, reported as component board.
1 Data for January, February, and April 1950 cover 4 weeks and for March, 5 weeks; prior to 1950, calendar months are represented; stock data are for end of period covered.
711,511
10, 388
10, 270
1,259
7,332
1,679
118
SURVEY OF CUKEENT BUSINESS
June 1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-39
1950
1949
April
May
June
July
August
September
October ' November
December
January
February
March
April
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
__
_
bales-Imports
do
Prices received by farmers
dol. per lb__
Prices, wholesale, middling, i^e", average, 10
markets
dol. per lb__
Cotton linters :f
Consumption
thous. of bales
Production
_ _ _ _ _
do
Stocks end of month
do
590, 178
4 497
.299
463, 978
3,014
.300
508, 246
4,057
.301
.330
.329
.328
r
r
l!9
99
660
!27
80
588
122
r
221,941
11,218
.301
.321
r
167, 616
5,324
.293
211, 372
55 889
.297
415, 088
13 789
.287
433, 596
12 419
.278
656, 897
12 896
.265
528, 316
10, 982
.265
654, 948
70 575
.275
685, 775
62 076
.281
.287
.310
.300
.296
.298
.303
.310
.320
.319
.325
132
128
156
131
104
44
457
63
385
182
411
143
132
227
468
235
531
203
568
193
576
2,004
81, 115
65, 886
822
60, 05l
1,057
1 943
66, 384
1,198
60, 383
2,167
52, 811
2,310
2,315
55, 918
2,290
58
503
r
136
141
131
158
580
147
561
36, 503
2,845
34 970
4,283
107
580
2 444
49, 266
7,481
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production quarterly
mil of linear yards
Exports
thous of sq yd
Imports
_
do
Prices, wholesale:
Mill margins
_
cents per Ib
Denims, 28-inch
dol. per yd-_
Print cloth 381A -inch, 64 x 60
__ do _
Sheeting, unbleached, 36-inch, 56 x 60
do
Cotton yarn, Southern, prices, wholesale, mill:
22/1, carded, white, cones
__dol. per lb_40/1, twisted carded, skeins _
do
Spindle activity (cotton system spindles) :f
Active spindles, last working day, total- __thous_Consuming 100 percent cotton
_
do
Spindle hours operated, all fibers, total— mil. of hr. Average per spindle in place
hoursConsuming 100 percent cotton
mil. of hr__
Operations as percent of capacity _
79, 372
1,188
74, 317
1,616
29.94
.303
.138
.170
28.76
.303
.131
.168
27.75
.303
.126
.163
28.18
.303
.128
.161
30.61
.303
.144
.160
34.70
.303
.163
.165
36.08
.303
.166
.167
38.17
.303
.170
.169
38.05
.303
.170
.170
37.90
.303
.166
.172
37.48
.303
.160
.174
36.69
.303
.152
.172
33.08
.303
.140
.172
.612
.789
.604
.776
.598
.764
.600
.764
.610
.772
.620
.799
.639
.823
.647
.823
.647
.823
.647
.823
.632
.823
.627
.821
.620
.799
20, 864
19, 801
7,776
327
7,442
97.9
20, 936
19, 862
7,737
325
7,358
93.8
20, 568
19, 464
7,975
337
7,506
95.8
' 20, 134
19,012
5,988
255
5,637
79.6
20, 941
19, 747
8,827
377
8,267
102.5
21, 180
19, 975
9,287
396
8,725
115.2
21,450
20, 215
9,540
409
8,978
123.3
21, 557
20, 314
10, 021
429
9,442
124.8
21, 476
20,241
9,781
419
9,206
124.7
21, 463
20, 217
9,663
U96
9,091
133.0
21, 596
20, 340
11, 808
i 472
11, 130
127.3
21, 301
20, 048
9, 299
1473
8, 764
127.8
47.9
52.1
56.8
10.9
58.8
13.7
69.2
19.4
74.8
22.7
74.9
25.2
75.7
24.3
79.7
23.9
78.1
24.1
r
81.0
r
71 5
22.9
r
13.3
649
21, 663
20, 417
9,765
1
496
9,181
133.4
RAYON AND MANUFACTURES AND SILK
Rayon yarn and staple fiber:
Consumption:
Fil^vmfvnt. yarn
mil, of Ib
Staple
fiber
do
Stocks, producers', end of month:
Filament yarn
do
Staple
fiber
do
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol per Ib
Staple fiber, viscose, 1^ denier
do
Rayon broad-woven goods, production, quarterly
thous. of linear yards
Silk, raw:
Imports
thous. of Ib
Price, wholesale, Japan, white, 13/15 (N. Y.)
dol. perlb.WOOL
Consumption (scoured basis) :§
Apparel class
thous. of Ib
Carpet class
__ do
Imports
do
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured. -dol. perlb__
Raw, bright fleece, 56s, greasy
do
Australian, 64s, 70s, good topmaking, scoured, in
bond
dol. perlb_.
6.2
44.1
19.1
7.8
49.8
20.4
49.7
18.9
48.6
16.8
31.1
41.9
12.8
25.3
4.5
767
18.9
3.5
2,952
14.3
14.6
4,317
4,016
13.3
3.3
4,969
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
25
164
133
370
539
583
628
2.60
2.60
2.60
2.65
2.68
2.72
2.71
2.65
22, 634
6,521
23, 082
29, 245
10, 589
38, 046
36, 158
13, 348
39, 252
33, 513
13, 031
46, 456
29,043
13, 290
46, 158
35, 679
17, 371
57 517
31, 352
15,716
77, 890
34 684
15 724
74 652
41 740
19, 700
66 630
1.725
.545
1.600
.545
1.525
.545
1.525
.545
1.525
.545
1.525
.545
1.562
.552
1. 588
.559
1.625
.570
1.625
.570
1.629
564
2 1. 675
2 1. 675
2 1. 675
1. 675
2 1. 675
1.375
1.375
1.465
1.575
1.575
1 600
468
7.8
257
.710
.350
.710
.350
.710
.350
460
90
27
2.60
2.60
2.60
20, 152
12, 839
24, 511
21,577
12, 265
22, 118
28,785
11, 416
29, 878
1.800
.560
1.781
.556
2 1. 675
718
297
106
.770
.370
.746
.362
.710
.350
12
48
2.60
32
435, 699
1.862
24.7
71.5
22.5
452, 096
2
2.9
3.3
529, 163
12.3
3. 6
6,710
710
.350
4.3
710
.350
588, 257
r
r
2.65
WOOL MANUFACTURES
Machinery activity (weekly average) :§
Looms:
Woolen and worsted:
80
73
79
79
83
Pile and Jacquard
thous. of active hours
83
90
67
1,746
1,543
1,669
1,960
Broad
do
1,926
1,620
2,267
2,283
25
26
28
30
26
25
Narrow
do
30
36
Carpet and rug:
120
158
143
124
125
Broad
do
141
138
70
75
74
60
65
Narrow
_
do
65
41
69
68
Spinning spindles:
75, 641
68, 201
76, 257
Woolen
do
82, 778
91 983
88, 831
72, 030
85, 798
69, 738
59, 803
63, 969
81,906
90, 413
110, 119
62, 884
97, 635
Worsted
_
__
do
123
110
115
145
122
151
166
Worsted combs
do
176
Wool yarn:
45, 936
60,493
49, 356
Production total§
thous. of Ib
56 097
62 352
68 894
42 884
57 293
5,052
6,650
4,995
6,542
Knitting§
do
8,631
4, 917
7,621
6 675
41,122
27, 059
31, 255
Weaving!
do
46 234
31 124
38, 420
41 234
36, 689
13, 825
12, 721
13, 106
Carpet and other §
do _
11, 135
13 497
14, 029
6,843
13, 929
Price, wholesale, worsted yarn (Bradford
3.395
3.375
3.375
weaving system) 2/32s
dol. perlb__
3.375
3.244
3.375
2.850
2.912
r
2
Revised.
* Average per working day.
Nominal price.
^Data for January, February, and April 1950 cover 4 weeks and for March, 5 weeks; prior to 1950, calendar months are represented; stock
period covered.
§Data for June, September, December 1949, and March 1950 are for 5 weeks; other months, 4 weeks.
69
77
2,186
29
141
72
77 597
93, 207
66 600
7 550
41 899
17, 151
56 780
6,628
34 796
15 356
2.975
2.975
86
154
r
79
76 653
95, 066
r
2,175
25
172
185
83
2 172
2 096
166
87
169
83
r 79 834
104, 027
77 204
103 917
27
r
209
r 60
r6
r 37
r 15
324
664
Q08
752
2.975
27
207
74
7
46
20
gio
845
495
270
2.975
2.975
data and number of active spindles are for end of
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1950
1949
April
May
June
July
1950
August
September
October
November
December
January
February
March
April
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES—Continued
Woolen and worsted woven goods, except woven
felts:
Production quarterly total
thous of lin. yd
Apparel fabrics, total
do
Government orders
do
Other than Government orders, total do
Women's and children's
do
Unclassified _
__
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, f. o. b. mill:
Suiting, unfinished worsted, 13 oz_.dol. per yd..
Women's dress goods, flannel, 8 oz, 54-inch
dol. per yd_.
91,923
75, 939
3,218
72, 721
33, 227
30, 346
9,148
5,704
10, 280
r
r
106, 945
90,250
3 613
86, 637
34 507
44, 277
7,853
6,330
10 365
108 329
90,923
2,471
88, 452
42 024
40, 836
5.592
5,263
12 143
118 220
!02 801
r 3 733
r
99 068
r 43 061
T
48 250
7 757
r
5 866
r 9 553
3.589
3.589
3.589
3.459
3.069
3.069
3.069
3.069
3.069
3.069
3.069
2.995
2.970
2.722
2.722
2.722
2.475
2.475
2.475
2.475
2.475
2.475
2.475
2.475
2.475
2.475
1,487
1,981
1,769
167
139
225
''52
326
52
329
MISCELLANEOUS
Fur sales by dealers
thous. of dol
TRANSPORTATION EQUIPMENT
AIRCRAFT
number-do
456
223
474
178
439
189
301
156
272
188
284
143
228
170
158
161
116
129
number-do
do
__do
do
do
do
543, 118
514
494
436, 392
422, 149
106, 212
91, 808
481,467
564
511
394, 703
380, 489
86, 200
75, 518
593, 640
632
522
493, 882
480, 009
99, 126
89, 174
579, 048
439
399
483, 261
471, 752
95,348
85,427
657, 664
444
420
557, 370
544, 630
99, 850
89, 989
626,180
298
274
534, 493
521, 524
91, 389
82, 487
572, 917
322
275
487, 891
476, 461
84,704
76, 584
455, 008
308
279
381, 951
373, 838
72, 749
66,090
358, 471
369
353
291, 358
284, 097
66,744
60 784
Exports total
-.
do
Passenger cars
..
do
Trucks .do
Truck trailers, production, total
_ do
Complete trailers
do
Vans
do .
All other
do
Chassis shipped as such
. do
Registrations:
New passenger cars
_. _.do
New commercial cars
do
30, 004
14, 598
15, 406
2,760
2,568
1,231
1,337
192
25, 094
12, 420
12, 674
2,752
2,631
1,426
1,205
121
22, 648
12, 028
10, 620
2,817
2,686
1,575
1,111
131
i 24, 397
13, 035
1 11, 362
2,197
2,109
1,314
795
88
i 20, 234
10, 853
i 9, 381
2,601
2,504
1,482
1,022
97
i 21, 389
12, 326
19,063
i 20, 063
11, 197
i 8, 866
1 17, 105
9, 145
i 7, 960
1 12 545
6,957
i 5, 588
390, 932
78, 857
446, 251
86, 375
432, 470
79, 069
448, 477
76, 866
478, 556
85, 539
459, 647
89, 253
465, 765
86, 398
409, 702
79, 699
414, 579
78, 805
11, 184
8,896
8,499
2,288
85
85
85
0
9,532
6,886
6,879
2,646
95
95
77
0
9,148
5,832
5,805
3,316
98
98
94
0
6,645
3,866
3,655
2,779
68
68
66
0
7,184
4,251
4,245
2.933
70
70
65
0
6,201
3,996
3,936
2,205
93
93
87
0
4,537
2,833
2,828
1,704
90
90
84
0
4 456
2,729
2 649
1,727
85
85
76
0
3 432
2,052
1 950
1,380
80
80
75
0
2,395
1,006
1,006
1,389
61
61
61
0
2,051
922
917
1,129
64
64
64
0
1 712
830
830
882
87
87
87
0
983
235
223
748
82
82
82
0
1,767
1,770
1,771
1,769
1,767
1,766
1,765
1 763
1,750
1,745
1,742
1 739
1 733
98
5.7
53, 975
30, 850
23,125
109
6.4
45, 057
23,816
21, 241
113
6.6
36, 331
19, 368
16,963
126
7.4
31,746
16, 474
15, 272
125
7.3
26, 599
13,473
13, 126
124
7.3
20, 609
9,419
11, 190
132
7.7
16, 183
6,442
9,741
130
7 7
12 661
4,122
8 539
134
8.0
12 861
2,447
10, 414
141
8.4
17, 766
4,550
13, 216
139
8.3
25,647
8,455
17, 192
128
7 8
27 Oil
10, 715
16 296
127
7 7
30 170
13, 766
16 404
2,602
8.3
2,737
8.8
2,665
8.7
2,833
9 3
2,949
9.8
2,992
10.0
3,189
10.8
3,297
11 3
3,204
11.1
3,454
12 2
3,498
12 5
3,407
12 3
3,308
12 1
38
17
21
1,134
1,134
0
113
43
70
30
10
20
1,043
1,043
0
90
7
83
29
10
19
1,098
1,098
0
123
69
54
25
7
18
984
984
0
73
17
56
23
6
17
873
873
17
2
15
816
816
0
62
25
37
15
1
14
954
954
13
12
12
H
13
885
885
12
1 130
1,130
12
1,099
1,099
H
1 088
1,088
65
12
53
21
5
16
775
775
0
80
4
76
65
5
60
107
31
76
102
48
54
48
2
46
107
55
52
199
142
57
208
179
29
205
175
30
168
133
35
202
183
19
185
168
17
254
235
19
227
197
30
232
186
46
199
180
19
183
146
37
229
196
33
Civil aircraft, shipments <?
Exports
--
J
MOTOR VEHICLES
Factory sales, total
Coaches, total
Domestic
Passenger cars, total
Domestic
Trucks total
Domestic
._
_.
r
581, 366
219
194
r
487, 824
475 495
T
93, 323
r
84 378
1
r
475, 465
133
128
r
385, 361
377, 185
r
89, 971
80, 939
1
14, 760
8,524
6, 236
1
r
381, 562
67, 925
r
17, 965
8,345
9, 620
1
r
r
559, 311
26S
234
455, 193
446, 524
103, 85C
93 294
580, 660
199
170
469, 618
461, 119
r
110, 843
r
99 809
r
1
16, 907
7,767
9, 140
1
408 990
71 698
r
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number
Equipment manufacturers, total
do
Domestic
do
Railroad shops, domestic
-do
Passenger cars, total
do
Equipment manufacturers, total.
do
Domestic
do
Railroad shops, domestic
do
Association of American Railroads:
Freight cars (class I), end of month:§
Number owned
_ _
thousandsUndergoing or awaiting classified repairs
thousands- _
Percent of total on line
.
Orders, unfilled __ _
number
E quipment manufacturers
do
Railroad shops
_ do_.
Locomotives (class I) , end of month :
Steam, undergoing or awaiting classified repairs
number-Percent of total on line
.__
Orders, unfilled:
Steam locomotives, total
number
Equipment manufacturers __ _
do
Railroad shops
do
Other locomotives, total
do
Equipment manufacturers
do
Railroad shops
do
Exports of locomotives, total
do
Steam
_ _ _
do
Other
do .
o
o
o
o
o
o
o
o
10
o
o
10
1 101
1,101
o
o
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
number
do __
do
204
172
00
r
Revised.
i Excludes "special category" exports not shown separately in the interest of national security.
cf Publication of data for military shipments and the total, formerly shown here, has been discontinued by the Civil Aeronautics Administration.
§Not including railroad-owned private refrigerator cars.
U. S. GOVERNMENT P R I N T I N G OFFICE
1950
-INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids
24
Advertising
7
Agricultural income and marketings
2
Agricultural wages, loans
15
Airline operations
22
Aircraft
11,12,14,40
Alcohol, denatured and ethyl
24
Alcoholic beverages
2,27
Aluminum
33
Animal fats, greases
25
Anthracite
2,5,10,12,14,15,34
Apparel, wearing
5,7,8,9,11,12,14,15,38
Armed forces
10
Asphalt and asphalt products
36
Automobiles
2,3,7,8,9,11,12,14,18,21
Balance of payments
,
20
Banking
15,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages, alcoholic
2,27
Bituminous coal
2,5,10,12,14,15,34,35
Boilers
33,34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass
33
Brick
— 5,38
Brokers' loans
16,19
Building contracts awarded
6
Building costs
6,7
Building construction (see Construction).
Building materials, prices, retail trade
5,7,8,9
Business, orders, sales, inventories
3
Businesses operating and business turn-over..
4
Butter
27
Candy
29
Cans, metal
33
Capital
flotations
18,19
Carloadings
22,23
Cattle and calves
29
Cement
2,5,38
Cereal and bakery products, price
5
Chain-store sales
9
Cheese
27
Chemicals
2,3, 5,11,12,14,15,18, 21, 24
Cigars and cigarettes
_
30
Civil-service employees
;
12
Clay products (see also Stone, clay, etc.)
2,38
Clothing
5,8,9,11,12,14,15,38
Coal
2, 5,11,12,14,15,34,35
Cocoa
29
Coffee
22,29
Coke
2,35
Commercial and industrial failures_ _ _,
4
Construction:
Contracts awarded
6
Costs
6,7
Dwelling units started
6
Employment, wage rates, earnings, hours. _ 10,
11,12,13,14,15
Highway
6,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1,8
Consumers' price index
5
Copper
21,33
Copra and coconut oil
25
Corn
_-- 19,28
Cost-of-living index (see Consumers' price
index)
5
Cotton, raw, and manufactures
2,
4,5,11,12,13,14,21,38,39
Cottonseed, cake and meal, oil
25
Crops
2,4,25,28,30
Currency in circulation
18
Dairy products
2,4,5,27
Debits, bank
15
Debt, short-term, consumer
16
Debt, United States Government
17
Department stores
8,9,10,16
Deposits, bank
15,16,18
Disputes, industrial
13
Distilled spirits
27
Dividend payments and rates
1,18, 20
Drug store sales
8,9
Dwelling units started
6
Earnings, weekly and hourly
13,14,15
Eggs and poultry
2,4,29
Electrical equipment
3,4,7,34
Electric power, production, sales, revenues
26
Employment estimates
10,11,12
Employment indexes
11
Employment security operations
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
24
Exports (see also individual commodities)
21
Express operations
22
Factory, employment, pay rolls, hours, wages.. 10,
11,12,13,14,15
Failures, industrial and commercial
4
Farm income and marketings
2
Farm wages
15
Farm products, and farm prices
2,4
Fats and oils
5,25,26
Federal Government, finance
16,17
Federal Reserve banks, condition of
15,16
Federal Reserve reporting member banks
15,16
5,24
Digitized Fertilizers
for FRASER
Fiber products
34
Pages marked S
Fire losses
7
Fish oils and
fish_.
25, 29
Flaxseed
25
Flooring
31,32
Flour, wheat
28
Food products
2,3,
4,5,7,8,9,11,12,13,14, 27, 28, 29,30
Footwear
2,5,8,9,11,12,14,31
Foreclosures, real estate
7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21,22
Foundry equipment
34
Freight cars (equipment)
40
Freight carloadings, cars, indexes
22, 23
Freight-car surplus and shortage
23
Fruits and vegetables
2,4,5,21,27
Fuel equipment and heating apparatus
33,34
Fuel oil
35
Fuels
2,5,35
Fur
22,40
Furnaces.
34
Furniture
2,5,7,8,9,11,12,13,14
Gas, customers, sales, revenues
26
Gasoline
36
Glass and glassware (see also Stone, clay, etc.). 2,38
Generators and motors
34
Glycerin
24
Gold...
18
Grains
4,19,21,28
Gross national product
1
Gypsum
38
Heating and ventilating equipment
33,34
Hides and skins
5,22,30
Highways
6,7
Hogs
29
Home-loan banks, loans outstanding
7
Home mortgages
7
Hosiery
5,38
Hotels
11,13,15,23
Hours of work per week
12,13
Housefurnishings
5, 7,8,9
Housing
5,6
Immigration and emigration
23
Imports (see also individual commodities)
21,22
Income, personal
1
Income-tax receipts
16
Incorporations, business, new
4
Industrial production indexes
2,3
Instalment loans
16
Instalment sales, department stores
9
Insulating materials
34
Insurance, life
17,18
Interest and money rates
16
International transactions of the U. S
20, 21, 22
Inventories, manufacturers' and trade
3,9,10
Iron and steel, crude and manufactures
2,3,
4,5,11,12,13,14,21,32,33
Kerosene
_
_
35
Labor force
10
Labor disputes, turn-over.
13
Lamb and mutton
,_
29
29
Lard
Lead.
33
Leather and products
2,3,5,11,12,14,30,31
Linseed oil,
25
Livestock
2,4,29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
7,15,17,19
Locomotives
40
Looms, woolen, activity
39
Lubricants
35
Lumber
2,5,11,12,14,31,32
Machine activity, cotton, wool
39
Machine tools
34
Machinery
2,3,4,11,12,14,18,21,34
Magazine advertising
7
Mail-order houses, sales
10
Manufacturers' sales, inventories, orders
3,4
Manufacturing production indexes
2,3
Meats and meat packing
2,4,5,11,12,13,14,29
Metals
2,3,4,5,10,11,12,13,14,18,32,33
Methanol
24
Milk
27
Minerals
2,3,12,14,15
Money supply
.
18
Mortgage loans
7,15
Motor fuel
36
Motor vehicles
8,40
Motors, electrical
34
National income and product
1
Newspaper advertising
7
Newsprint
22,37
New York Stock Exchange
19, 20
Oats
28
Oil burners
34
Oils and fats
5,25,26
Oleomargarine
26
Operating businesses and business turn-over. _
4
Orders, new, manufacturers'
4
Paint and paint materials
5,26
Paper and pulp
2,3,5,11,12,14,36,37
Paper products
36,37
Passports issued
23
Pay rolls, indexes
12
Personal consumption expenditures
8
Personal income
1
Personal savings and disposable income
1
Petroleum and products
2,3,
5,10,11,12,14,15, 21, 22,34,35,36
Pig iron.
32
Pages marked S
Plant and equipment expenditures
1
Plastics and resin materials, synthetic
26
Plywood
31
Population
10
Pork
29
Postal business __
8
Postal savings
16
Poultry and eggs
2,4,5,29
Prices (see also individual commodities):
Consumers' price index
5
Received and paid by farmers
4
Retail price indexes
5
Wholesale price indexes
5
Printing
2,3,11,12,15,37
Profits, corporation
18
Public utilities.-. 1, 5,10,11,13,14,15,17,18,19, 20
Pullman Company
23
Pulpwood
36
Pumps .
34
Purchasing power of the dollar
5
Radio advertising
7
Railways, operations, equipment, financial statistics, employment, wages
1
11,12,13,14,15,17,18,19, 20, 22, 23,40
Railways, street. (See Street railways, etc.)
Rayon, and rayon manufactures
2,5,39
Real estate
7
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Refrigerators
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores, department stores, mail order, rural sales, general merchandise
3,4,8,9,10
Rice
28
Roofing and siding, asphalt
36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
22,37
Rubber industry, production index, sales, inventories, employment, pay rolls, hours,
earnings
2,3,11,12,14,15
Rye
28
Savings deposits
16
Savings, personal
1
Securities issued
18,19
Service industries, employment
11
Sewer pipe, clay
38
Sheep and lambs
29
Shipbuilding
11,13,14
Shoes
2,5,8,9,11,12,14,31
Shortenings
26
Silk, imports, prices
5,22,39
Silver-.
_ ... __
18
Skins
5,22,30
Slaughtering and meat packing
2,
11,12,13,14,29
Soybeans, and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32,33
Steel, scrap
32
Stocks, department stores (see also Manufacturers' inventories)
10
Stocks, dividends, issues, prices, sales, yields..
20
Stokers, mechanical
34
Stone, clay, and glass products
2,
11,12,13,14,38
Stoves
34
Street railways and buses
13,14,15, 22
Sugar
22,30
Sulfur
24
Sulfuric acid
24
Superphosphate
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
10,13,14,15,23
Textiles
2,3,5,11,12,13,14,21,38,39,40
Tile
38
Tin
22,33
Tires and inner tubes
5,11,12,14,15,37
Tobacco
2,3,4,7,11,12,13,14,30
Tools, machine
34
Trade, retail and wholesale.. 3,4, 8,9,10,11,13,14,15
Transit lines, local
15, 22
Transportation, commodity and passenger
22, 23
Transportation equipment
2,3,4,11,12,13,14,40
Travel
23
Truck trailers
40
Trucks
40
Turpentine and rosin
24
Unemployment and unemployment compensation
10,13
United States Government bonds
17,18,19
United States Government,
finance
16,17
Utilities
1,5,10,11,13,14,15,17,18,19, 20
Vacuum cleaners
34
Variety stores
8, 9
Vegetable oils
25, 26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
Washers
Water heaters
Wax
Wheat and wheat
flour
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
13,14,15
34
34
36
19,28
5
10
36
2, 5, 22, 39, 40
33
A REVIEW OF 1949
J/V&(DC
ANNUAL REVIEW NUMBER OF THE
SURVEY OF CURRENT BUSINESS
• National Income
and Product
• The Trend of Prices
• Industrial Production
For quick over-all appraisal of the national economy in a
year of marked business adjustments this special annual
review number of the Commerce Department's SURVEY OF
CURRENT BUSINESS j meets every businessman's requirements.
The Economy in Adjustment traces the course of business in considerable detail. Numerous charts and summary
statistical tables interspersed through brief textual summaries and analyses of significant economic developments
make this 72-page publication an invaluable aid in considering today's business outlook.
Forty pages of business statistics compiled from commercial
and governmental sources provide a month-by-month progress report—from January through December—on more
than 2,600 series including general business indicators, commodities, securities, trade, employment, and population.
The Economy in Adjustment—the February Annual
Review Number of the SURVEY OF CURRENT BUSINESS—
is priced at 30 cents. A 25-percent discount is given for
quantity orders of 100 or more copies for classroom or other
use.
• Agricultural Production
and Income
® Construction Activity
• Domestic Business
Investment
• Retail Sales
e> Foreign Trade
• Financial Developments
© Employment and Labor
Conditions
• The Business Population
ORDERS may be placed with the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C., or the nearest
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