Full text of Survey of Current Business : June 1951
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JUNE 1951
ism
U, S. DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY
OF C U R R E N T
BUSINESS
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
Albuquerque, N. Mex.
203 W. Gold Are.
Atlanta 3, Ga.
50 Whitehall St. SW.
15
MONTHLY BUSINESS STATISTICS . . . . S-l to S 40
Statistical Index
Inside Back Cover
Published by the U. S. Department of Commerce, C H A R L E S S A W Y E R ,
Secretary. Office of Business Economics, M. J O S E P H ME EH AN,
Director. Subscription price, including weekly statistical supplement, $3 a
year; Foreign, $4. Single copy, 25 cents. Send remittances to any Department of Commerce Field Office or to the Superintendent of Documents,
United States Government Printing Office, Washington 25, D. C. Special
subscription arrangements, including changes of address, should be made
directly with the Superintendent of Documents. Make checks payable to
Treasurer of the United States.
Cheyenne, Wyo.
410 Federal Office Bldg.
Oklahoma City 2, Okla.
102 NW. Third St.
Chicago 1, HI.
221 N. LaSalle St.
Omaha, Nebr.
403 So. 15th St.
Philadelphia 6, Pa.
1015 Chestnut St.
Phoenix, Ariz.
808 N. First St.
Dallas 2, Tex.
1114 Commerce St.
Pittsburgh 22, Pa.
717 Liberty Ave.
Denver 2, Colo.
142 New Custom House
Portland 4, Oreg.
520 SW. Morrison St<
Providence 3, R. I.
327 Post Office Annex.
Reno, Nev.
1479 Wells Ave.
Hartford 1, Conn.
135 High St.
Richmond 19, Va.
801 E. Broad St*
Houston 14, Tex.
602 Federal Office Bldg.
St. Louis 1, Mo.
1114 Market St*
Salt Lake City 1, Utah
109 W. Second So.
Kansas City 6, Mo.
911 Walnut St.
9
New York 4, N. Y.
42 Broadway
Jacksonville 1, Fla.
311 W. Monroe St.
SPECIAL ARTICLES
The Business Population by Legal Form of Organization.
The Balance of International Payments—First Quarter
of 1951
Charleston 3, S. C.
6 Hudson St.
El Paso 7, Tex.
310 San Francisco St.
6
7
New Orleans 12, La.
333 St. Charles Ave.
Cleveland 14, Ohio
925 Euclid ATC.
1
Mobile, Ala.
109-13 St. Joseph St.
Detroit 26, Mich.
230 W. Fort St.
THE BUSINESS SITUATION
Automobile Production and Sales
Agricultural Production and Income
Minneapolis 2, Minn.
607 Marquette Ave.
Cincinnati 2, Ohio
105 W. Fourth St.
PAGE
Milwaukee 1, Wis.
517 E. Wisconson Ave,
Butte, Mont.
306 Federal Bldg.
tents
Baltimore 2, Md.
200 E. Lexington St.
Buffalo 3, N. Y.
117 Ellicott St*
J U N E 1951
Miami 32, Fla.
36 NE. First St.
Boston 9, Mass.
40 Broad St.
No. 6
Memphis 3, Term.
229 Federal Bid*.
San Francisco 2, Calif.
870 Market St.
Loa Angeles 12, Calif.
312 North Spring St.
Savannah, Ga.
125-29 Bull St.
Louisville 2, Ky.
631 Federal Bldg.
Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
devoted to U. S. Government
Contents are not copyrighted and may be freely reprinted.
JUNE 1951
THE
The greatest expansion in employment
during the past twelve months occurred
in manufacturing
-.5
CHANGE, APRIL I960 TO APRIL 1951 - MILLIONS
0
.5
1.0
1.5
2.0
I
SITUATION
MANUFACTURING
By the Office of Business Economics
GOVERNMENT
CONTRACT
CONSTRUCTION
TRADE
TRANSPORTATION AND
PUBLIC UTILITIES
FINANCE
SERVICE
MINING
with production workers in durablegoods industries showing the larger
relative increases.
PERCENT INCREASE
-INSTRUMENTS AND RELATED
PRODUCTS
•MACHINERY
(INCLUDING ELECTRICAL)
•DURABLE-GOODS INDUSTRIES*
•• FABRICATED METAL PRODUCTS,
EXCEPT ORDNANCE
...TRANSPORTATION EQUIPMENT
(INCLUDING AUTOMOBILES)
"'PRIMARY METAL INDUSTRIES
-4(0
"BiypAPER, CHEMICALS, AND
ALLIED PRODUCTS
•LUMBER AND WOOD PRODUCTS
EXCEPT FURNITURE
NONDURABLE-GOODS INDUSTRIES '
•APPAREL AND TEXTILE-MILL
PRODUCTS
•FOOD AND KINDRED PRODUCTS
0
APRIL
1951
* INCLUDE INDUSTRIES NOT SHOWN SEPARATELY.
BASIC DATA FROM B.L.S.
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
946782—51
51-136
JL URCHASING by consumers and new orders placed by
business during May both continued below the peaks reached
in the first quarter. With employment and personal incomes
rising, the lowered consumer expenditures—which are now
about 8 percent in dollar volume above a year ago—reflect
a sharp advance in personal saving. Personal incomes are
one-seventh higher than a year ago, and disposable income
is also substantially higher.
The major characteristic of business in the current quarter
has been its relative stability at the high reached in the first
quarter. Declines in consumer buying and in residential
construction have been offset by rising Government procurement, and increasing industrial and commercial construction.
A substantial amount of production has gone into inventories, some for the purpose of expanding military production
and some reflecting the effects of the slackened pace of consumers7 and distributors' purchasing.
The slow-down in retail sales developed at a time when
shipments to retailers from manufacturers were continuing
at a high rate—in some cases beyond what retailers expected
to receive when they placed the orders. Distributors have
endeavored to reduce their inventories and bring them more
in line with current sales, but inventories have continued to
rise. The reduction in consumer purchasing has affected
both durable and nondurable goods, but it has been greatest
in the case of household equipment and furniture.
Aggregate orders received by business for producers goods
and military items, however, have continued in excess of
current production. Total unfilled orders held by manufacturers have risen further with a large part of the backlogs
representing Government business. This is particularly true
of the metal industries, which are receiving the bulk of
military orders. Defense orders are being placed at a high
rate—far above current deliveries.
Military procurement increasing steadily
The major expansionary force is still being provided by the
Government military program which is gradually taking an
increasing share of total national output. Total obligations
so far this year have averaged over $5 billion a month, with
current expenditures approximating half of that rate and
increasing steadily. The squeeze on supplies of metals is
becoming greater, and the National Production Administration has issued additional orders curtailing the use of scarce
materials, including a further restriction on the automotive
industry.
Prices on the average have shown little change over the
past month, with some individual commodities-—raw materials mostly—declining from their post-Korean highs.
Specific price control orders are gradually being placed into
effect to replace the earlier "freeze," and these in general
have determined the quotations on most fabricated goods.
Retail food prices remain at their peak, but reductions have
been made in some general merchandise lines to stimulate
sales. In a few lines, where it was desirable to move heavy
stocks, substantial price reductions have been made.
SURVEY OF CURRENT BUSINESS
Personal income continues to mirror the high volume of
employment, the upward trend of wage rates, and the effects of high sales and prices upon the flow of income to
business. In April, it reached an annual rate of $244 billion, about $1% billion higher than the first quarter average.
Though the basic influences leading to higher incomes are
still present, their effect upon income has been lessened by
the leveling off in prices.
Employment rising seasonally
Total employment in May reached 61 million workers,
showing mainly a seasonal rise of 1 million from the preceding month, with most of the gain in agricultural work. Unemployment remained near the postwar low, declining to an
estimated 1.6 million—slightly less than in April and only
about half as large as a year earlier.
Nonagricultural employment has reflected the virtual stability of business activity in recent months. This follows
the substantial expansion during 1950 when resources were
being brought into use quickly to meet the upsurge of military
and private demand. In comparison with a year ago, employment in nonagricultural establishments in April was up
about 3 million, and more than half of the expansion was in
manufacturing. As shown in the chart on page 1, most of
the increases were relatively small in the nondurable goods
industries, averaging 5 percent during the 12-month period.
In the durable goods industries, the corresponding increase
was nearly 20 percent as this section of industry was most
affected by defense expansion, though even here the increase
has not veen very large in recent months.
Contrast in industrial and residential
construction
Industrial facilities expansion continues at the unprecedentedly high rate attained early in 1951, but residential
construction is declining. This latter reduction results from
a combination of the increasing effectiveness of credit regulations as the backlog of exempt starts is being worked off,
a reduced supply of mortgage credit available at higher interest rates, and some further advance in the price of new houses.
Elsewhere in construction, the expanding pattern persists
with industrial, utility, public, and farm construction all
registering marked increases since the beginning of the year.
In most categories, other than residential, the value put in
place in May was higher than a year earlier.
Defense facilities expansion
The largest of the advances is in industrial construction,
where the value in April was more than double that of a year
earlier. This rise reflects the present favorable industrial
prospects as well as the defense expansion requirements. In
order to facilitate the plant expansion necessary to meet the
goals set for the military and related programs, acceleration
of tax amortization of certain new facilities has been granted
to large sections of industry.
As of May 7, 1951, certificates of necessity had been approved representing facilities valued at $5.4 billion. Of this
total, about $4.5 billion have been classified by States, cities,
and metropolitan areas, where the facilities are proposed to
be built or put in place.
An analysis of the regional distribution of such facilities
indicates that about $3.5 billion of the proposed expansion,
or more than three-fourths of the total, is scheduled for
construction in 12 States, each State having facilities totaling
more than $100 million—Connecticut, New York, Pennsylvania, Alabama, Texas, Illinois, Indiana, Michigan, Ohio,
Colorado, Montana, and California.
Table 1 shows the percent distribution of manufacturers 7
expansion on new plant and equipment in 1939 and 1947,
with the expansion eligible under the amortization program
June 1951
for seven major regions of the United States. Generally, the
distributions of the 1939 and 1947 expansions were simila]
and the broad pattern of regional distribution under the
accelerated amortization program follows the same genera
lines, although there are significant divergences.
New England, the Middle East, and Southeast eact
account for about the same proportion as in the earlier 2
years. The Southwestern States, however, represent about
15.5 percent of the total, almost entirely due to facilities
expansion in Texas, in contrast to an average of 5 percent in
1939 and 1947 for these States. The Central States' share ie
Table 1.—Distribution of Facilities Expansion by Major Regions
Percent distribution of Amount eligible
under
manufacturers' expansion of new plant amortization
program 2
and equipment 1
Region
1939
United States
New England
Middle East
Southeast _ _ _ _ _
Southwest
Central
Northwest
Far West
_. _
1947
Percent of total
100.0
..
__
. ._ __
_._ _
100.0
100.0
8.2
28.9
12.6
4.5
37.3
2.1
6.5
7.0
26.1
13.8
5.7
35.8
2.3
9.3
28. 6
14.4
15.5
23.2
5.5
5.0
1 Based on the 1939 and 1947 Census of Manufactures, U. S. Department of Commerce,
Bureau of the Census.
2
Based on tabulations of the Defense Production Administration.
Source: U. S. Department of Commerce, Office of Business Economics.
reduced from an average of over 36 percent in 1939 and 1947
to 23 percent in the accelerated amortization facilities expansion. The Northwest is programmed for an increased sharefrom an average of 2 percent in 1939 and 1947 to about 5.5
percent—with the bulk of the expansion in this area being
concentrated in Colorado and Montana. Finally, the share
of the Far West is about 5 percent of the United States total,
compared with 6.5 and 9.3 percent in 1939 and 1947,
respectively.
Inventory accumulation continues
Business inventories held by both manufacturers and distributors continued to rise in April. The book value of
total stocks increased $1.9 billion on an adjusted basis during
the month, which raised the total to more than $68 billion
at the end of the month. The value of manufacturers'
stocks rose $1.3 billion, of which about $500 million occurred
in the durable goods industries and $800 million in the nondurables. Part of the rise in the durable-goods industries
was associated with accumulations required for the expanding defense program. At the distributors' level the rise was
somewhat greater in the durable-goods establishments and
reflects to some extent involuntary accumulation.
Consumer durables affected
by cutbacks
Industrial production showed little overall change in April
and May, but there was increasing shifting from consumers'
durable goods to defense and related products. This represented both the shifting demand which has been outlined,
and the effects of controls and limitation orders which have
been placed upon industry in order to assure the meeting of
defense schedules. Regardless of which of these influences
has been the more critical factor, the generally strong inventory position for the civilian products has prevented the
development up to this time of general shortages of consumers' products in this transitional period between tooling
up and the attainment of volume output of military enditems. Deeper cuts in the supply of materials for consumers'
durable-goods industries have been announced for the third
quarter as the Controlled Materials Plan goes into its initial run.
une
1951
SUKVEY OF CURRENT BUSINESS
SELECTED BUSINESS TRENDS
MILLION PERSONS
MILLION PERSONS
DOLLARS
52
16
1.70
UNEMPLOYMENT
NONAGRICULTURAL
EMPLOYMENT t
AVERAGE HOURLY
EARNINGS, ALL
MANUFACTURING
1.60 (-<B. L.S.)
(CENSUS)
(FED. RE*S.)
12
48
44
1.50
40
1.40
36 I i i t i i I i i i i i I i i i | i I i i i i i I i i i i i I i i i i i
BILLION
DOLLARS
0 I '' ' ' i Ii
1.30 i i i i i I I i i i i i I i i i i i I i i t I i I i i i i i I i i i i i
INDEX, 1935-39 = 100
THOUSANDS
250
60
225
MANUFACTURERS'
NEW PERMANENT NONFARM
DWELLING UNITS STARTED
INDUSTRIAL
PRODUCTION
(FED. RES.)
UNFILLED
(B. L.S.)
200
ORDERS, NET-
150
150
40
75
(END OF MONTH)
20
NEW ORDERS, NET
i i i i i Ii i i i i I i i i i i Ii i i i i I i i i i i |j iii
BILLION
DOLLARS
100 I i i i i i I i i i i i I i i i i i i i i i
BILLION
40
40
FEDERAL GOVT. PURCHASES OF
GOODS AND SERVICES*
30
I i ii i i I
DOLLARS
i i i i IIi i ii iIi i i i i Ii ii l iIi i iii Ii i ii
BILLION
80
BUSINESS EXPENDITURES
FOR NEW PLANT AND
EQUIPMENT*
30
20
0
DOLLARS
BUSINESS INVENTORIES 1 "
(BOOK VALUE, END OF MONTH)
ANTICIPATED
70
20
60
10
50
•DEFENSE-
10
2
BILLION
DOLLARS
3
4 ' i
g
HALF-YEAR
I N D E X , 1935-39 = 100
250
275
PERSONAL
INCOME*
40
i i i lI
BILLION
16
DOLLARS
SALES OF ALL
RETAIL STORES f
PRICES
(B. L.S.)
250
225
14
225
200
12
200
175
10
175
150
I I I II I I M I
1949
t SEASONALLY ADJUSTED
1950
1951
* SEASONALLY ADJUSTED, AT ANNUAL
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.
1949
1950
1951
1949
1950
1951
4
SURVEY OF CURRENT BUSINESS
Output of durable manufacturers in April and May was
affected by cutbacks in production of consumer durable
goods, chiefly passenger cars, television receivers, and refrigerators. Activity in machinery and transportation
equipment industries, other than automotive, continued to
move higher, a reflection of the record rate of orders for
producers7 equipment and the expanded volume of work
undertaken on defense orders.
Auto production declined further in May after showing a
drop of about 10 percent from March to April on a daily
average basis. Producers of television receivers gradually
trimmed their production schedules by nearly one-half—from
a weekly average of around 175,000 units in March to 117,000
in April and 80,000 in May. Output of refrigerators in
April was down about one-fourth from the previous month.
Decreases in production of other household durable goods,
however, were more moderate.
Production of nondurable goods has continued in very
large volume with little or no change since the year began.
Increases in some soft goods lines were generally offset by
decreases in others. Operations in paperboard mills and
industrial chemical plants have been at practical capacity
with output reaching new monthly production peaks.
recent reversal of the trend in installment buying. Tl
was its purpose. It should be noted, however, that the ru
of forward purchasing last summer undoubtedly was
factor in the slackened pace of credit expansion in t
following months, and the imposition of price controls al
has influenced consumer behavior.
In an analysis of Regulation "W" terms made in t]
Survey last November, it was pointed out that the contr*
might tend to reduce purchasing of consumer durables
from 10 to 15 percent below the level which might ha
occurred in the absence of such controls. The impact
controls tended to be most restrictive on the maturi
schedules for automobile loans. These, it may be note
account for by far the major share of the drop in installme
Chart 4.—Consumer Credit and Business Bank Loan
BILLION DOLLARS
25
20
Decline in consumer credit
Consumer installment credit at the end of April amounted
to $13 billion, almost $500 million below the peak reached
last December. The decline this year compares with an
increase of almost equal magnitude in the comparable
period of a year ago and contrasts sharply with the rapid
rise in installment credit over the postwar period—-a rise
which was especially pronounced in the buying wave of July
and August 1950 when the net increase amounted to about
one billion dollars.
Recognizing the inflationary impact of such credit purchasing under post-Korean conditions, the wartime Regulation
W was reintroduced last September and terms were considerably tightened in the following month. The higher
down-payment requirements and shorter maturities imposed
under this Regulation undoubtedly contributed to the
TOTAL CONSUMER
CREDIT<
15
Divergent trends in credit buying
A slackening in the pace of credit buying apparent in recent months has contributed to the pause noted above in
the basically upward pressure on the price structure. Since
last October, there has been virtually no net change in consumer short-term indebtedness. This is in contrast to a
steady upward surge over most of the postwar period and
the accelerated borrowing which took place in last summer's
buying wave.
The rate of increase in consumer long-term mortgage indebtedness also appears to have slackened considerably with
further dampening in prospect in the months ahead. On
the other hand, bank loans to business continued to expand
sharply in the first quarter of the year and have remained
steady throughout the second quarter, at a time when there
is usually a substantial contraction in outstanding loans.
To restrict the credit expansion still in progress several
steps have been taken in recent months supplementing the
specific controls already instituted on consumer installment
buying and housing credit. The most important of these
have been the extension of mortgage controls to commercial
building, a higher interest rate structure, and the establishment of a system of voluntary credit restriction applicable
to banks, insurance companies, and other lending institutions. A committee appointed by the President last February has recommended legislation to extend and increase
existing credit controls, including raising bank reserve requirements, and new curbs on commodity speculation.
June
10
0
25
20
BUSINESS BANK LOANS
(IN LEADING CITIES)
15
10
0 M ! I I I I II
1948
I I I I I I I I I I I I I I I I I I I I I I I I I M I I M I I
1949
1950
1951
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-135
1
Data for consumer credit are for end of month; figures for business bank loans (commerci
industrial, and agricultural) are gross (i. e., before deduction of valuation reserves) and ;
for the Wednesday nearest end of month, except latest plotting which is for May 23.
Source of data: Board of Governors of the Federal Reserve System.
credit which has occurred in recent months. Though it
not possible to evaluate the relative importance of the coi
trols as against other factors—e. g., the subsiding of anticipi
tory buying and the reduction in backlogs—It seems cle*
that the controls have undoubtedly exerted a restrainir
influence upon the demand for consumer durables.
Mortgage lending tapering off
Recent trends in housing likewise suggest that the housin
credit controls put in effect last summer are beginning 1
take hold. These controls, imposed under Regulation 2
raised substantially initial down-payment requirements f(
mortgage financing and restricted the maturity schedules (
mortgage loans. In view of the nature of the commitmenl
June 1 5
91
SUKVEY OF CUERENT BUSINESS
involved in such financing, it was not to be expected that the
impact of Regulation X would be as immediate as that
under Regulation W relating to short-term consumer credit.
\lortgage indebtedness continued to rise sharply throughout
the latter part of 1950, reaching a record-breaking net addition of $2 billion in the fourth quarter. While there is
normally some let-up in the increase in such indebtedness
in the early part of the year, present indications point to a
substantially greater-than-seasonal slackening in the first
quarter of 1951.
Even more direct evidence of the effect of the credit
changes on housing is available in the recent trend of housing
starts. In April, starts (excluding farms) amounted to 88
thousand units, representing a less-than-seasonal rise for this
time of year. This compares with 133 thousand starts in the
same month of 1950, or a decline of one-third.
At the time the housing regulations were introduced, it was
stated that the intention was to confine 1951 house building
to about two-thirds of building in 1950. Starts in the first
4 months of this year were about 16 percent below the comparable period of 1950. To meet the contemplated goal,
starts in the remainder of this year would have to be about
one-half of the volume started in the corresponding period
last year.
In addition, the recent decline in prices of U. S. Government
securities with the consequent increase in yields on these securities apparently has had some effect in reducing, temporarily at least, the availability of ninds for housing since
the yield differential between U. S. securities and Government-supported FHA and VA mortgage loans has been narrowed, and there is therefore somewhat less incentive to
channel funds into the latter type of investments. In April
of this year, FHA mortgage loans totaled $162 million.
This is down about 4 percent from a year ago. Veterans
Administration guaranteed mortgages, amounting to $229
million in April, were still running well ahead of a year ago
but substantially below the record rate in the latter part of
1950.
Business loans expand
Reflecting the continued rise in working capital requirements, particularly to finance increased inventories, bank
loans to business have increased markedly since the first of
the year, maintaining a pace of expansion which, after allowing for seasonal influences, was practically as rapid as the
record-breaking expansion in the summer and fall of 1950.
Commercial and industrial loans at leading city banks, after
undergoing a contraseasonal rise of $1.3 billion (8 percent)
in the first quarter of the year, have stabilized in recent weeks.
Normally such loans decline at this time of year.
Allowing for seasonal movements, business loans at leading city banks have increased at a rate of about $0.5 billion a
month since the start of the year. It is interesting to note
that, whereas sales finance companies, commodity dealers
and processors of farm products contributed most heavily
to the loan expansion in the latter part of 1950, fragmentary
data suggest net repayments of these loans have been made in
recent months. On the other hand, trade loans, loans on
defense contracts, and plant and equipment loans appear to
have featured the most recent loan expansion.
Voluntary credit restraint program
In an effort to restrict the extension of credit for less
essential purchasing, a voluntary program of credit restraint
was initiated in March of this year. This program, extending to banks, insurance companies and other institutional
lenders, establishes guides to financial institutions in forma
lating lending policies. In particular, credit expansion for
more than normal inventory accumulation and for less essential expenditures on fixed capital has been singled out for
scrutiny. It is recognized that substantial credit assistances
may be necessary in the area of rapidly expanding defense
activity. A system of regular reporting of bank loans classified by industry and purpose has been set up by banks in
the larger metropolitan areas to serve as a check on the
course of the program.
U. S. bond prices unpegged
One of the more significant developments in the credit
market in recent months involved a change in the policy of
pegging the prices of important long-term U. S. Government
bonds at par or above par levels. This policy of maintaining
"the 2% percent peg/' initiated early in World War II, was
carried into the postwar largely to assist in the huge Treasury
financing operations necessitated by the wartime expansion
of the Federal debt. One of the major difficulties in maintaining the wartime policy was that lenders could readily
obtain funds for expanding business and consumer loans
from the sale of part of their large wartime accumulations of
U. S. securities to the Federal Reserve System.
Federal Reserve authorities began to withdraw support
from U. S. bond prices in March and by the middle of April,
prices of key issues had fallen as low as 97 (100 representing
the par value of the securities). As may be seen in table 2
Table 2.—Bond Yields and Interest Rates
[Percent per annum]
Bond yields
Period
U. S. Gov- Corporate 2
ernment *
Yearly average
Bank rates
on
business
loans
2.25
2.44
2.31
2.32
Quarterly average
1950—1
II
III
IV .
_
_ _
__
-
2.86
3.08
2.96
2.86
0.604
1.043
1.104
1.218
2.1
2.5
2.7
2.7
2.27
2.33
2.36
2.39
1947
1948
1949
1950
Monthly average
1951 January
February
March..April
May
Latest week 4
Yield on
3-month
Treasury
bills
2.84
2.87
2.86
2.88
1.138
1.174
1.315
1.367
2.6
2.7
2.6
2.8
2.39
2.40
2.47
2.56
2.63
2.63
2.86
2.85
2.95
3.07
3.09
3.10
1.387
.391
.422
.520
.578
.600
(3)
(3)
(3)
(3)
(3)
3.0
1 Taxable issues 15 or more years to maturity.
2 Moody's Investors Service average yields on all bonds.
Not available, quarterly series only.
Average for week ended June 2.
Source: U. S. Treasury Department, Board of Governors of the Federal Reserve
and Moody's Investors Service.
3
4
the average yield on long-term Government bonds has been
slightly above 2% percent since March with yields on particular issues rising as high as 2.7 percent, up 0.3 percent from the
period prior to withdrawal of support at above par prices.
The firming of interest rates was immediately felt in other
areas. Corporate bond yields which were virtually stable
throughout most of 1950 and the first 2 months of 1951 rose
one-fourth of a percentage point in the following 3 months.
More recently, however, money market rates have tended to
stabilize at levels reached in late April.
The impact of the change in interest rates on borrowing and
lending operations is difficult to evaluate at this time. The
actual change in interest cost to borrowers has been moderate,
particularly in the light of the prospective earnings on the
use of borrowed funds. On the other hand, with increased
SURVEY OF CURRENT BUSINESS
6
yields on U. S. securities, there has been some reluctance on
the part of lenders to "cash in" their holdings particularly
where book losses on security sales may be involved or in
instances when yields on alternative uses of funds have (with
due allowance for the additional expenses and risk involved)
lagged behind the yields on Government securities, such as in
the case of FH A- and VA-type mortgage loans. In this sense
there may be some tendency, at least for the near-term future,
toward somewhat more restricted availability of credit.
With respect to the future course of interest rates, much
will depend, of course, on the relative availability of invest-
June 1951
ment outlets in the period ahead. In this connection it may
be noted that to the extent that the control authorities are
successful in dampening consumer demand for housing and
other durable goods, and business demand for working and
fixed capital, pressure on interest rates will be reduced. These
demand influences will tend to be reinforced to the extent
that retained earnings of business remain high and consumer savings rise. It may be noted that1 individual savings
have risen substantially in recent months.
i For fuller discussion of these considerations, see "The Current Financial Position of
Corporations," this SURVEY, January 1951.
Automobile Production and Sales
WlTH continued high retail sales of automobiles, total
private passenger-car registrations in the United States now
exceed 40 million. This total is about one-third higher than
the prewar peak registration in 1941. It compares with an
increase in the number of households of about one-fifth and a
somewhat smaller rise in the population during the same
period. In recent years, however, the increase in car
registrations has been far more rapid than that of households.
For example, between 1949 and 1950 the number of households rose IK million, but the number of cars in use increased
by 4 million.
For the first time in the postwar period, the supply of
passenger cars in the young-age groups—under 10 years
old—on July 1, 1951, is expected to equal or slightly surpass
the 1941 total. This is shown in chart 4, which represents
Chart 4.—Cumulative Number of Total Passenger Car
Registrations, by Age Groups, July 1
MILLIONS OF CARS
40
30
1951
20
1950^
The number of autos in the less-than-10-year-old age
group at midyear, as the chart shows, is expected to total
22.8 million or about equal to the number on the same
date 10 years ago. More important is the supply position
of cars in the 5-year-old age category, i. e., those produced
in the postwar period. The number of cars in this group
is likely to total 20 million, or 6 million more than in 1941.
On the other hand, the number of autos from 5 to 10 years
of age (representing the models produced in the years
1941-45) is only 3 million, or about 6 million fewer than
the number in this category in 1941.
For the less-than-10-year-old age group, the number of
passenger cars at mid-year will not only be as high as at the
beginning of World War II but on a cumulative basis, i. e.,
under 1, under 5, etc., there will be at least as many cars
now as in 1941 in all of the age groups. Since there are
about one-third more cars now than in 1941, the proportion
of younger age cars is lower, and the increased number is
concentrated in the upper age groups. If account is taken
of the gradual increase in the typical scrappage age from
about 10 years in 1941 to about 13 at present, the number
of cars exceeding the typical retirement age has risen from
3.5 million in 1941 to 6 million in 1951.
There are still 2 or 3 million more cars now in use which
are past the estimated normal scrappage age than in 1941.
Although the influence of the relatively more aged car population is still of importance, our present knowledge of
" normal" scrappage age can provide at best only a rough
basis for estimating the amount of " backlog" demand remaining from the wartime period in which cars were unavailable.
Current demand high
10
I
I
I
I
I
I
I
I
I
I
!
«o
0
AGE-GROUPS
I
in
-
I
I
I
I
m
cJ
(YEARS)
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-115
1
Estimates of the Office of Business Economics based upon information published by
R. L. Polk & Company; data are not plotted for cars 10 years of age and over because of
insufficient information.
Sources of data: R. L. Polk & Company and Reuben H. Donnelly Corporation, except
1951; data tabulated from Automotive Industries, published by Chilton Company. See also
footnote 1.
the situation as of July 1, 1950, the latest date for which a
complete age distribution is available. Estimates are also
shown for the age distribution of postwar cars as of July 1,
1951, based upon preliminary data.
Aside from the backlog influence, the demand factors for
new passenger automobiles are high. Disposable income in
real terms is at an all-time high, and it has been on a rising
trend. In the past year, the price of automobiles has advanced less than consumers7 prices generally so that its price
relative to average prices, and to income as well, is less. For
1950, the estimated current demand—i. e., excluding backlog
influences—was estimated at about 5 million new passenger
cars on the basis of past relationships between income, prices
of cars, and new automobile sales.1 Actual sale of new passenger cars reached 6.3 million, however, affected by backlog
influences and by anticipatory buying in the latter half of the
year.
On the basis of current income and prices, the demand fot
new passenger cars appears to be about the same as calculated
for 1950 on the basis of these same factors—i. e., about 5
million. Such a calculation excludes consideration of backlog
influences and anticipatory—or reaction to previous anticipatory—buying. Both of these influences were very imi SURVEY OF CURRENT BUSINESS, June 1950.
SUEVEY OF CUKKENT BUSINESS
June 1951
portant in 1950, and the over-age cars still represent a
potential market of substantial size.
Information available on the buying intentions of consumers in the early months of this year is given in the Consumer Finance Survey of the Federal Reserve Board. In
early 1951 the Federal Reserve Board survey found that
fewer consumers were planning to buy new automobiles in
1951 than a year earlier. In early 1950, this survey estimated planned purchases of 4.5 million new cars, but actual
purchases for the year were considerably higher. The buying plans of consumers are subject to a number of uncertainties this year because of the requirements of the defense program, consumer credit regulation, and the effect on diversion
of resources from civilian hard goods production, such as
automobiles, to defense production. Also, because of price
and tax uncertainties, consumers find it more difficult to
estimate their disposable income.
In the first 4 months of 1951 new passenger car sales were
at a high rate, although April fell below March and for the
first time in more than 2 years registrations were lower than in
the corresponding month of the previous year (see chart 5).
Chart 5.—New Passenger Car Registrations
Third quarter passenger car production set at
1,200,000
THOU<3ANDS OF CARS
800
^^
1950
^'
600
..
,95,
400
\
/
^i^^^
^M>'
..'
^>s
\
~
/
V
..
s v
**
/^'*<*
200
i
0
J
i
F
i
M
i
A
i
M
1
J
i
J
I
A
f
S
U. S. DE. PART MENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
i
O
i
N
Partially offsetting the lessened intensity of domestic
demand has been the sharp pickup in sales of motor vehicles
to foreign markets. In April, exports of passenger cars were
more than three times as large as in the same month a year
ago while trucks nearly doubled. For the first 4 months of
1950, shipments of passenger cars and trucks outside United
States reached 172,000 units, or nearly 7 percent of total
production which compares with less than 4 percent for
the same period a year ago. In prewar years nearly 10 percent of the cars were exported.
The number of cars in the hands of dealers has increased
in recent months. Stocks still remain generally low in relation to sales, but the moderate over-all rise that has occurred
this year has meant that the consumer is again permitted
limited selection from floor stocks. Progressive cuts in the
use of steel are now limiting the production of new cars. The
cuts imposed by the National Production Authority have
been increased for the third quarter of this year. For April
and May the use of steel was ordered cut 20 percent below
the rate prevailing in the first half of 1950. In June, the
reduction required in steel use was about 23 percent on the
same base.
D
51-118
As a result of NPA Order M-68, issued on June 2d, a reduction in the output of passenger cars is in prospect for the
third quarter of this year. Under the order, new limitations
on the use of steel, copper, and aluminum are designed to
limit output of cars to 1.2 million units. This would represent a reduction of somewhat over one-third from the corresponding quarter of 1950 when assemblies totaled 1.9
million.
The present order replaces the original directive by NPA
which placed restrictions on the use of these metals in pas*
senger car production to 65 percent of the base period fo^
steel, 70 percent for copper and 65 percent for aluminum.
The new order, it was indicated, will have about the same
over-all effect as the previous one.
On the basis of the existing order, and assuming no change
in the allowable rate of production during the fourth quarter,
manufacturers of passenger cars, as the table shows, will
roll out about 5% million units during the year, a total exceeded only by last year's record production.
Percent
1950
1951
change,
(000 units) (000 units} 1950 to 1951
Source of data: R. L. Polk & Company.
Perhaps the most important element affecting sales in the
recent period has been the reaction from the forward buying
in the late months of 1950 in anticipation of future shortages.
An additional influence, as already pointed out, is the cumulative effect of credit controls imposed last fall.
Meanwhile used car prices which have been high relative to
new car prices throughout the postwar period of new car
shortages, have drifted downward. This marks a reaction
from the sharp advance last summer. On the basis of preliminary reports covering 18 cities, prices of one and two
year old cars in the lower price bracket, which normally
strengthen during the spring selling season, showed a marked
decline this year. A year ago there was a seasonal rise, followed by an upsurge after Korea.
First quarter. _ .
Second quarter.
First half
Second half
Passenger cars, total
Trucks and busses, total _
Total
1,343
1,751
1,600
1,450
+19
-17
3, 094
3, 572
6, 666
3, 050
2,400
5, 450
—1
-33
-18
1, 337
1, 500
+ 12
8,003
6. 950
—13
Truck production is running ahead of the 1950 volume by a
good margin. Continuance of the second quarter rate in
the last half of 1951 would result in about 1.5 million completions for the year, or an aggregate output of cars and
trucks of close to 7 million, a decline of a little over 1 million from 1950.
Agricultural Production and Income
The 30 percent advance in prices received by farmers in
the first 5 months of 1951 over last year has resulted in a
large rise in cash farm income, and a further advance in
farm real estate values. This rise was in part a recovery
from the cyclical decline following the high peak of 1948,
but it reflects as well the world-wide increase in the demand
for agricultural commodities which followed the outbreak of
hostilities in Korea.
SUEVEY OF CUJRKENT
8
Farm costs have also been rising, the advance over the
past year being about half as great relatively as the rise in
farm v product prices. The slower rise in production expenses—which represent somewhat more than half the
amount of gross farm income—has brought a larger relative
gain in net farm income than in total income. Since January
of 1951, however, farm product prices have levelled off
whereas farm costs have increased further.
Table 3.—Volume of Production for Sale and Home Consumption
(1935-39 = 100)
Item
1946
1947
1948
1949
1950
1951
Agricultural production, food and nonfood
137
136
138
140
138
143
All crops
134
135
152
147
135
141
All livestock
138
137
130
137
140
144
Food production
140
140
134
138
139
142
Civilian per capita food consumption. __
119
115
111
111
112
113-114
June
of both the 1950 fall and the 1951 spring pig crops as well
as some rise in marketing weights.
More beef is also expected in the latter half of 1951. The
number of cattle on feed in the corn belt states on April 1
was 4 percent larger than a year earlier. Beef cattle numbers
have been increasing over the past 3 years and this indicates
a larger slaughter in the second half of 1951. The prospects
are favorable for a further rise in numbers on farms. Breeding herds are now at an all-time high, and farmers are sending
to slaughter a relatively small proportion of young calves and
raising the remainder to greater maturity before marketing.
The principal uncertainty with respect to rising livestock
production is the continuing adequacy of the feed supply.
The general feed picture is one of a large current supply which,
however, has not quite kept pace with advancing livestock
requirements, and an advance indication that farmers planned
to reduce the acreage planted to feed grains this year. Since
the carryover of total feed concentrates this fall is estimated
to be nearly 15 percent lower than a year earlier, a bumper
feed crop in 1951 is essential to provide adequate feed supplies
for the expanding livestock population.
Source: U. S. Department of Agriculture, Bureau of Agricultural Economics.
Current prospects are for some rise in both food and nonfood production in 1951. This generally favorable outlook
for supplies has been a factor, together with the direct price
control regulations, in restraining the advance in farm prices.
On the demand side, the easing in buying has been less
noticeable for food products than for other important sectors
of consumers' goods markets.
Early prospects favorable
Early season prospects for crops are generally favorable,
with the expectation that production will exceed that of 1950.
The winter wheat crop will be smaller than last year as a
result of an unfavorable growing season, but weather conditions were good for the seeding of spring wheat. Except for
tobacco, and peanuts, production controls are not in effect
in 1951, and the Secretary of Agriculture has asked farmers
to increase substantially their production of cotton, which is
now in short supply, and of corn in order to provide for expanding livestock feed requirements. Crop prices generally
favor expanding output. Where support prices are a factor,
these are generally higher than in 1950. In May, the parity
index was 11 percent higher than a year earlier.
Output of livestock and livestock products is expected to be
moderately higher in 1951 than in 1950. Milk production
in the early months of 1951 was slightly lower than in the
corresponding period a year ago. A larger portion was being
consumed as fluid milk and cream, however, resulting in a
substantial decline in manufactured dairy products, chiefly
butter and cheese. Poultry production is estimated to be
slightly larger in 1951 than in 1950, and egg supplies available so far this year have been larger than a year earlier
when price support operations diverted a considerable portion into dried eggs. Little change in egg production from
a year earlier is anticipated in the last half of this year, but
supplies may be smaller due to the smaller quantities in
storage and the increase in military takings.
More meat in 1951
A continued increase in the livestock population over the
past 3 years provides the basis for some expansion in meat
production. Civilian meat supplies for 1951 are estimated to
be 147 pounds per capita, about 3 pounds more than in 1950.
In the first 4 months of 1951 supplies were about the same as
in the corresponding period a year earlier, but an increase
is expected in the remainder of the year. Most of the rise
will be in pork production, reflecting an increase in the size
Chart 6.—Livestock—Feed Price Ratios
I N D E X , 1930-1949 = 100
200
BEEF STEER - CORN,
CHICAGO
150
HOG-CORN
CHICAGO
100 -
50
EGG-FEED, U.S.
( I N D E X , 1940-49=100)
3-MONTHS* MOVING AVERAGE
I 1I I I I I | I I 1 M I M I I t I I I I
1948
1949
1950
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
1951
51-138
Source of basic data: U. S. Department of Agriculture, Bureau of Agricultural Economics.
The Department of Agriculture has asked farmers to
increase the acreage planted to feed crops over the intended
plantings reported in March of this year. In addition, a
late, wet spring in the Midwest which curtailed oats seeding
may lead to larger corn plantings—a shift wilich generally
produces more feed per acre. The same net effect may
result from the heavy abandonment of winter wheat acreage
in the Southwest, which can be replanted to grain sorghum
for which moisture conditions are now generally favorable.
Feeding profitable
Changes in the livestock population are affected by costprice relationships for each type of livestock or product as
well as by relationships between the various products.
Some of the more important of these relations can be seen
in a comparison of the ratio of product prices to corn, as
presented in the accompanying chart. The higher the ratio
(Continued on p. 24)
By Betty C. Churchill
The Business Population by
Legal Form of Organization
JL HIS article presents the first comprehensive estimates of
the legal form of organization of American business. The
fourth of a series of articles ! describing the characteristics
of the business population and its turnover, the present study
should provide a useful addition to the growing body of information regarding American enterprise.
The present importance of corporations in the functioning
of the economy and their major role in the vast growth of
American business in the past century is well established.
Corporations now contribute nearly three-fourths of the total
national income originating within the private sector of the
economy, excluding agriculture and professional services for
comparability with the business population series. In terms
of the number of businesses, however, this situation is reversed; two out of every three are individually owned, almost
one-fifth are partnerships, and only one-tenth of all firms are
corporations. In regard to the number of firms in operation,
the business population may be considered as dominated by
small proprietorships since more than half of all firms have
fewer than four employees and are individually owned.
Chart 1 shows the striking difference between the major
share of corporations in the total value of business activity or
in national income and the comparatively moderate proportion which they constitute of the number of firms in operation. Even in retail trade, where unincorporated businesses
outnumber corporations more than 15 to 1, the corporate
share of national income is more than 40 percent.
The larger the size of the company, the less important are
proprietorships and the more important are corporations.
Among firms with 20 or more employees, the largest employee size class considered in the present study, less than 1 in
5 firms are proprietorships. In this size class, more than half
of the firms are incorporated, and partnerships are somewhat
more numerous than proprietorships. It should be noted that,
although more than half of all firms with 20 or more employees are corporations, three-fourths of all corporations are
firms of smaller size.
The proportion of proprietorships among new firms has
remained fairly constant over these years though it was
comparatively low in 1946. Since 1945 there has been a
gradual increase of a few percentage points in the proportion
of new firms organized as corporations which has been
offset by a decrease in the proportion of new partnerships.
Chart 1.—Relative Importance of Corporations in Terms
of Income Originatiing and Number of Operating
Businesses
PERCENT
PERCENT
100
100
r
80
r
INCOME
ORIGINATING
S
1947
60
60
NUMBER OF
OPERATING
BUSINESSES /—
MAR. 31, 19476
40
40
20
20
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Two out of three new firms individually owned
Nearly two out of every three of the 2.5 million new firms
formed during the period 1945-50 were individually owned,
one-fourth partnerships, and one-fifteenth were corporations.
The distribution of new businesses by type of organization is
seen to bear a close resemblance to the distribution of existing
firms. Furthermore, although factors, such as changes in the
industrial patterns of the business population itself and
modification of tax laws applicable to businesses of different
types, could be expected to affect the distribution of new
businesses by type of organization, there has been little
change during this period.
i See "The Size Distribution of the Postwar Business Population," SURVEY OF CURRENT
BUSINESS, May 1950, "State Estimates of the Business Population," SURVEY, December
1949, and "Revised Estimates of the Business Population 1929-48," SURVEY, June 1949.
NOTE.—MISS CHURCHILL IS A MEMBER OF THE BUSINESS STRUCTURE
DIVISION, OFFICE OF BUSINESS ECONOMICS.
80
51-137
Source of data: U. S. Department of Commerce, Office of Business Economics.
The number of new businesses within each of the types of
organization was highest in 1946, the year following the end
of the war during which firm formation reached the record
high of 620,000 new businesses. Although new firms entered
the business population in about the same numbers during
1950 and 1945, the number of new corporations is currently
45 percent higher.
Types of Organization Among Existing Firms
Table 1 presents the number of firms in operation Alarch
31, 1947 by type of organization and by industry, and table
2 shows percent distributions within types of organization
and industry divisions. More than two-thirds of all the
firms in operation are proprietorships, almost one-fifth are
partnerships, 10 percent are corporations, and less than 2
9
SUKVEY OF CURRENT BUSINESS
10
percent are controlled by other types of organizations.
Included in the "other types" are estates, trusts, receiverships, and cooperatives organized under special state laws
rather than as corporations.
In terms of employment and volume of business, corporations are the most important form of organization in most
major industry divisions of the business population. Since
the corporate form as it exists today rests upon a body of
legislation largely formulated during the last century, the
growth of corporations in number and importance occurred
during that time. The corporate form of organization is well
suited to large concerns since it facilitates the concentration
of large sums of capital by reducing the individual investor's
risk to the amount of his investment. Prior to the general
availability to private business of the corporate form of
organization there was probably a period during which the
Table 1.—Number of Firms in Operation by Type of Organization
and Industry, March 31, 1947
(Thousands)
All types
small and medium-size firms though probably not for the
smaller number of giant concerns for which capital could not
be raised in any other manner.
A comparison of the number of corporate tax returns with
estimates of the total business population 1909-472 indicates
that the proportion of corporations has increased only a few
percentage points over this entire period. These data also
indicate that corporations are relatively most numerous during periods of depression and proportionately lowest under
favorable business conditions, reflecting the greater cyclical
stability of the larger firms.
The present study presents the number of firms in operation
by type of organization as of a single date, March 31, 1947.
However, it is probable that the proportions of individually
owned businesses, partnerships, corporations and other types
of organization are not much different at present. The business population has remained relatively stable in regard to
factors such as size, industry, and geographical region over
this period, and there is no reason to expect greater variation
in the distribution by type of business organization.
Data on firms with at least one employee, prepared on a
sample basis by the Bureau of Old-Age and Survivors In-
Type of organization
Industry
June 1951
Individual
Partnership
Corporate
3,839.7
2, 667. 6
691.2
411.7
69.2
33.4
17.6
7.1
7.8
.8
Contract construction
280.5
219.4
43.4
17.3
.4
Manufacturing
Food and kindred products
Textiles and textile products
Leather and leather products
Lumber and lumber products
Paper and allied products
330.6
37.8
43.8
6.9
84.1
4.3
149.7
14.5
13.6
2.4
53.7
1.1
77.9
9.3
12.6
1.7
21.9
.6
97.2
13.2
16. 6
2.7
8.0
2.4
5.8
44.3
12.2
1.4
13.2
57.2
25.4
23.7
5.3
18.3
13.9
8.4
1.5
.3
4.0
12.8
4.7
11.5
7.6
.6
3 7
24.6
6.4
178.9
137.5
13.5
22.1
AH industries
Mining and quarrying
_
__
Printing and publishing
Chemicals and allied products 1
Rubber products
Stone, clay and glass products.- _ _ _
Metals and metal products
Other manufacturing 2
Transportation, communication and
other public utilities
2
:l
Table 2.—Percent Distribution of Firms in Operation March 31,
Other
1947,
Mining and quarry-
5.9
49.6
54.3
3.8
1, 656. 6
76.5
484.2
71.9
92. 4
317.4
226. 5
387.8
1, 201. 4
52.6
388. 3
34.3
53. 9
223. 4
182.5
266. 4
339.2
15. 6
83.9
19.0
21.7
78.3
41.8
79.0
100.4
7.2
10.4
16. 1
14.5
13.6
1.9
36.7
15.6
Finance, insurance and real estate
343.7
186.6
49.0
76.4
31.7
Service industries
Hotels and other lodging places
Personal services
Business services
Automobile repair
- -_ Miscellaneous repair
Motion pictures
Other amusements
_-
821.5
78.0
416.9
75.8
92 2
98! 9
12.7
47.0
668.7
61.6
354. 5
56. 3
71.3
86. 6
5.2
33.2
111.4
10.9
51.8
10.2
17.2
10.2
2.6
8.6
36.2
4.9
9.3
8.2
3. 2
1.8
4.3
4.6
5.2
_- --
1
<»
;
^
12
f
o
£,
»—t
OH
Within types of organization
„
0
£
2fe
U
i
<D
a
-^
£H
O
-<
100.0 100.0 100.0 100.0 100.0 100.0
.9
ing ._ .
Contract construction
7.3
Manufacturing. _ __ 8.6
Transportation, communication, and
other public utilities
4 7
Wholesale trade
5.1
43. 1
Retail trade
Finance, insurance,
8.9
and real estate
21.4
Service industries
S
5«
>•*•
T3
1
-2
'
o
2
|
•-
£
I
£3
O.
!
Gi
!
O
^
^
o • 5
O
69.5
18.0
10. 7 i
1
18
7
1.0
1.9
1.2 100.0
52.8
21.4
23. 5
23
8.2
5.6
6. 3
11.3
4.2
23.6
.6 100.0
8.4 100.0
78.2
45.3
15 5
23.6
6. 2
29.4
1
1.8
5 1
3.2
45.0
19
7 2
49.1
5 4
13. 2
24.4
8 5 100 0
5.5 100. 0
22. 5 100 0
76 8
44.6
72 5
7 5
25^5
20 5
12 3 !
27.9 !
61
33
2^0
9
7.0
25.1
7.1 18.6
16. 1 1 8. 8
45.8 1100.0
7. 5 100. 0
54.3
81.4
14.3
13.6
22. 2 j
4. 4 i
9. 2
.6
1
Source: U. S. Department of Commerce, Oilice of Business Economics.
1 Includes products of petroleum and coal.
Includes tobacco and miscellaneous manufactures.
2
NOTE.—Detail will not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
larger firms tended to be partnerships which secured capital
by pooling the resources of individuals.
After an extremely rapid growth in the number of corpo rations in a relatively brief formative period, the rate of increase tapered off and since the early 1900's has been only
moderately higher than the rate for the rest of the business
population. While during this period the growth of the
economy arid the development of the capital markets may
have served as a stimulus to a more rapid growth in the corporate sector of business, the increasing importance of corporation taxes-—particularly since World War I—operated
as a very significant deterrent to incorporation, especially for
Within industry divisions
P
~
^
All industries
86.7
Retail trade
General merchandise
Food and liquor
Automotive
Apparel and accessories
Eatin? and drinking places
Filling stations
Other retail trade
i
Industry
194.4
Wholesale trade
Within Industry Divisions and Types of Organization
suranee, show virtually the same distributions by type of
organization in the first quarters of 1947 and 1948. The
relatively constant percentages by type of organization among
business births also suggests stability among existing firms
in this respect.
Unincorporated firms comprise a substantial majority of
the total number of firms in operation wdthin nearly every
industry for which separate data are available. The two
exceptions are both in the manufacturing division where
more than half of the paper and allied products firms and
three-fifths of the firms in chemicals and allied products are
incorporated. It should be noted that even in industries
such as these where a large share of total output is concentrated in relatively few firms, the proportions of unincorporated firms are far from negligible. As would be expected,
among the major industry divisions the corporate percentages are highest for manufacturing and lowrest for services
and retail trade.
The corporate percentage for the transportation, communication and other public utilities division is only slightly
higher than average; although virtually all railroads and
other public utility firms are incorporated, firms engaged in
2
For years prior to 1929, the "Reference Book" data published annually by Dun and Bradstreet, Inc. were linked to the Office of Business Economics series on the total number of firms
in operation.
SURVEY OF CURRENT BUSINESS
June 1 5
91
such activities as trucking and services allied to transportation are more numerous and predominantly unincorporated.
Within the noncorporate sector of the business population,
proprietorships comprise the bulk of all firms in operation.
Partnerships are outnumbered by proprietorships within
each industry for which statistics are separately available.
(See table 1.) The ratio of partnerships to proprietorships
is highest within the manufacturing division, particularly
in the textiles and textile products and the stone, clay, and
glass products industries.
Chart 2.—Distribution of Firms in Operation and of New
Business, by Type of Organization Within Employee
Size Classes 1
11
mates of business firms presented here. However, there is
fairly close agreement between the arrangement of the
manufacturing industries from high to low corporate percentages as determined from the two sets of data.
The explanation of the above results lies in the differences
in definitions and scope between the two sets of data. The1
Bureau of the Census counts each manufacturing establishment separately. The Office of Business Economics, on the
other hand, counts each firm once even though it may control more than one plant or establishment; furthermore, in
Table 3.—Number of Firms in Operation by Type of Organization,,
Selected Industry Divisions and Size of Firm, March 31, 194T
(Thousands)
Type of organization
Industry division and size class
FIRMS IN OPERATION
MARCH 31, 1947
40
20
20
All industries .
0-3 employees
4-7 employees
8-19 employees
20 or more employees
Percent of total
40
60
Manufacturing .
__
0-3 employees
4-7 employees
8-19 employees
20 or more employees
ALL SIZE
CLASSES
Partnership
3, 839. 7
2 ,856. 3
490.8
301.1
191.6
2, 667. 6
2,235.3
277.1
119.9
35.3
691.2
475.7
110.6
66.4
38.6
411.7
109.2
91.1
103.2
108.1
330.6
147.9
51.3
57.3
74.1
0 TO 3
Service industries
0-3 employees
4-7 employees
8-19 employees
20 or more employees
4 TO 7
EMPLOYEES
149.7
98.8
20.7
20.9
9.2
77.9
37.6
15.4
10.8
14.2
97.2
10.9
14.5
23.9
47.9
.
1, 656. 6
1 ,289. 9
221.4
107.2
38.2
1, 201. 4
1,013.0
133.2
45.3
9.9
339.2
247.7
55.0
27.0
9.6
100.4
21.8
30.3
31.0
17.3
15.6
7.4
2.9
4.0
1.4
._
__ _
821.5
684.5
74.8
40.1
22.1
668.7
594.3
48.4
19.3
6.6
111.4
78.0
16.5
10.7
6.3
36.2
9.5
8.8
9.1
8.9
5.2
2.7
1.1
1.1
.3
Other
69.2
36.1
11.9
11.6
9.6
5.8
.6
.7
1.7
2.8
OBE statistics, a firm engaging in manufacturing would not
be included in this division unless manufacturing were the
major activity of the firm as a whole. In 1947, manufacturing establishments were not covered by the census unless
there was at least one paid employee;no cut-off point based
on size of firm is employed in business population statistics.
Each of these differences in scope and definition would tend
to raise the corporate percentage as determined from census
information on establishments over the percent corporate
determined from OBE firms.
8 TO ]?_
20 OR MORE
EMPLOYEES
BS^ CORPORATE
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-131
1
A small percentage of "other" types of organizations are not shown in the chart.
Source of data: U. S. Department of Commerce, Office of Business Economics.
The industry distribution of firms within the different
types of organization is shown in table 2. Although from
the point of view of number of firms the retail trade division
is dominated by unincorporated enterprises, it is of interest
that there are more corporations in retail trade than in any
other industry division; almost 25 percent of all corporations
are primarily engaged in retail trade. The proportion of
corporations is less than the general average in three industry
divisions: contract construction, retail trade, and the service
industries. The trade and service industries claim eight
out of every eleven unincorporated firms.
Comparison with Census of Manufactures
The 1947 Census of Manufactures contains information
on establishments by legal form of organization. Within
each manufacturing industry the proportion of establishments controlled by corporations as shown by the census
exceeds the corporate percentage determined from the esti-
__
Corporate
NOTE.—Detail will not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
EMPLOYEES
|:j;:;:i PARTNERSHIP
-.
_.
Ratail trade
0-3 employees
4-7 employees
8-19 employees
20 or more employees...
EMPLOYEES
I INDIVIDUAL
Individual
NEW BUSINESSES
JULY-SEPT. 1950
P«rc.nt of total
60
All types
Size and legal form of business organization
The left-hand portion of chart 2 reveals the effect of firm
size as measured by number of employees upon distributions
of firms by type of organization. Although individually
owned businesses comprise nearly four-fifths of all firms with
fewer than four employees, the proprietorship percentage
falls off rapidly and less than one-fifth of all firms witii
twenty or more employees are individually owned.
As the size of firm increases, proprietorships and corporations change places, making the picture for firms with 0-3
employees the reverse of that found for firms employing 20
or more. The proportion of partnerships, although somewhat higher in the middle size classes, is relatively constant
at about 20 percent. The similarity between the pattern of
the smallest size class and that of all size classes combined
indicates the extent to which the total number of firms in
the business population is dominated by small firms. Even
for firms in the class of 4-7 employees, the pattern is considerably modified, and roughly equal proportions of proprietorships and corporations are found within the 8-19
employees size class.
Table 3 shows the number of firms in operation March 31,
1947 by kind of business organization and by size for selected
SUEVEY OF CUERENT BUSINESS
12
June 1951
Chart 3.—Percent Distribution of Firms in Operation March 31, 1947, by Type of Organization Within Total
Receipts Size Classes
PERCENT
PERCENT
100
100
80
80
60
60
40
40
20
20
0 L
.
20
50
200
2,000
500
5,000
RECEIPTS SIZE CLASSES-THOUSANDS OF DOLLARS (RATIO SCALE)
51-132
V. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
Source of data: U. S. Department of Commerce, Office of Business Economics.
industry divisions as well as for the business population as a
whole. Even in the service and retail trade divisions, where
only a small proportion of firms are incorporated, corporations comprise between 40 and 45 percent of the firms with
20 or more employees. It should be noted that although the
total number of firms in operation decreases sharply as size
of firm increases, roughly equal numbers of corporations appear in each of the size classes shown. Although corporations comprise the bulk of large firms, three-fourths of all
corporations have fewer than 20 employees.
It is of interest to note industry differences in the distribution of firms by type of organization which are apparently independent of size. On an over-all basis, industry
differences in the distribution of firms by type of organization could be expected to follow from the industry differences
in size composition. In manufacturing, for example, where
firms tend to be larger than average, a higher than average
proportion of corporations would be expected. However, in
manufacturing the proportion of proprietorships is lower,
and of corporations higher than average not only for the
division as a whole but also within each of the size classes.
In retail trade and the service industries this situation is
reversed.
In part this phenomenon may be explained by industry
variations in the average number of employees per firm
within employee size classes. A more important reason for
these industry differences in the distribution of firms by
type of organization holding size constant probably lies in
the use in business population statistics of employment as a
measure of size. The amount of capital required is an important factor apart from employment in determining the
legal form of organization of a projected business enterprise.
In industries such as manufacturing where the investment
per employee tends to be higher than average, a higher than
average proportion of corporations would be expected within
employee size classes. If size of firm were measured in terms
of total assets, on the other hand, it is likely that the industry
differences by size classes in the distribution of firms among
the types of organization would be lessened. However,
variation in the degree of risk associated with starting new
businesses would give rise to some industry differences in the
proportions of corporations within size classes.
Size as measured by total receipts
No breakdown by type of organization is directly available
within employee size classes for firms with 20 or more
employees. Since more detail for the larger firms could
thereby be provided, distributions were also prepared with
size measured by total receipts. These size distributions
exclude the "other" category, and were estimated separately
for proprietorships, partnerships and corporations in operation March 31, 1947, from unpublished Bureau of Internal
Revenue data.3 Although these estimates are subject to
qualification, they are probably adequate for the purpose
served in chart 3 which shows the percentage of firms within
these types of organization by size of firm as measured by
total receipts.
A rough indication of the relationship between the size
distributions by total receipts and by number of employees
is provided by the tabulation below which shows the total
receipts which are approximately equivalent to different
employment levels:
Paid employees
per firm
4
8
20
50
100
500
1,000
Approximate total receipts per firm, $1,000
Individual
Partnership
Corporate
35
75
190
660
55
120
280
745
25
90
265
705
1, 200
5, 000
10, 000
The alignment of firms according to size as measured by
employment cannot be expected to precisely agree with an
alignment based on some other measure of size. However,
s For proprietorships and partnerships the number of firms in operation March 31, 1947
were distributed by total receipts according to BIR distributions of firms in operation at
any time during the year. In the case of corporations, it first was necessary to estimate the
distribution of firms by total receipts from the BIR distributions of firms by total assets.
SUEVEY OF CURRENT BUSINESS
June 1 5
91
the two distributions could be expected to follow each other
in a general way, especially if employment were closely
related to the second factor used to measure size. Although
a firm which is "large" with respect to total receipts is not
necessarily "large" with respect to employment, these two
attributes are probably closely related, at least within industries and types of organization.
The industry differences were ignored in deriving the above
equivalents; however, the relationship between total receipts
and employment was assumed to be valid only within types
of organization for small firms, since proprietors may contribute all or a substantial proportion of a small firm's total
labor in-put. On the other hand, this relationship was
extended to all types of organization combined among large
firms since the labor contribution of any proprietor is necessarily proportionately small.
According to the above tabulation, firms with more than
500 employees are roughly equivalent to firms with total
receipts exceeding $5 million; more than nine-tenths of these
firms are incorporated, 7 percent are partnerships and only
1 percent are individually owned. As before, the partnership percentage is the least affected by differences in size,
and in general the patterns revealed by chart 3 agree with
those obtained when size of firm was measured by employment. However, the increase in the proportion of corporations associated with increases in size of firm is more gradual
than might be expected.
13
organization has varied only moderately since 1945 as chart
4 reveals. However, new corporations have held up better
than new businesses of other types, and new partnerships
have fallen off more than average.
Chart 4.—Percentage Distribution of New Businesses, by
Type of Organization
OTHER TYPES
INDIVIDUAL
PARTNERSHIP
New Businesses by Legal Form
Business births by type of organization from 1945 through
the third quarter of 1950 are shown in table 4. The series
on new businesses pertains exclusively to firms which are
newly established, since acquisitions of existing firms as well
as shifts in type of organization are regarded as business
transfers. Over this entire period, 2.5 million new businesses
were established, of which about two-thirds were proprietorships and one-fourth were partnerships; corporations represented 8 percent and other types of organization one-half
of one percent of the total.
Table 4.—Number of New Businesses by Type of Organization
1945-50
(Thousands)
Type of organization
Year
All types
Individual
1945.
1946
1947
1948
1949
1950 Jan.-Sept
429.8
619.8
476.4
404.6
358.6
316.8
285.9
389.6
306.6
266.4
240.8
213.3
Partnership
Corporate
113.2
181.2
127.8
99.2
82.6
73.6
28.4
46.6
39.6
36.6
33.2
28.5
Other
2.3
2.5
2.3
2.4
2.0
1.4
NOTE.—Detail will not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
New businesses were at the highest over-all level during
1946, the year for which proprietorships accounted for the
lowest proportion of the total; after 1946 the proprietorship
percentage gradually increased and in 1950 was slightly
higher than in 1945. Firms organized as corporations are
currently a few percentage points higher, and partnerships
*a few points lower, than in 1945, a change which appears to
have occurred gradually.
Each of the types of organization has followed the movements of the total birth series since 1945. Within each type,
the number of new businesses has declined each year since
the 1946 peak, and the distribution of new firms by type of
CORPORATE
1945
1946
1947
1948
1949
1950-^
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-130
1
Percentages are based upon new businesses for January through September 1950.
Source of data: U. S. Department of Commerce, Office of Business Economics.
Over the period for which information is available, the
distribution of new businesses by type of organization has
remained fairly stable in spite of factors which could be
expected to bring about changes. This period encompasses
the rapid growth during which the business population
regained the losses suffered during World War II, as well as
more recent years during which the number of firms in
operation has varied only moderately.
Changes have also occurred in the tax structure during
this period, particularly the termination of the wartime excess
profits tax in 1946. Since the excess profits tax applied only
to corporations, there was some shifting away from the
corporate form of organization under its operation, as well
as reshifting back to the corporate form upon termination of
this tax. However, even corporate new businesses are
characterized by a high proportion of small firms and the
excess profits tax did not apply to the first $25,000 of taxable
income. As already noted, changes from one type of organization to another are considered transfers and have no
effect upon the business births series, though they are
reflected in the distribution of existing firms previously
presented.
Comparison with external data
Relative movements in the series on new corporations
presented in table 4 are in substantial agreement with those
shown by the incorporations series compiled by Dun and
Bradstreet and regularly published in the statistical appendix
to the SURVEY. However, the level of the Dun and Bradstreet series is much higher; for the years 1946-49, there
were 2.7 times as many incorporations as new corporations.
The most important reason for the difference in level between
SUKVEY OF CUEEENT BUSINESS
14
these two series is that incorporations brought about by
shifts of existing unincorporated firms to the corporate form,
or reorganization of existing corporations are considered
transfers by OBE and excluded from the business births
series. A less important reason for the difference in level
is the exclusion from the business population universe of
agricultural and professional enterprises.
An additional factor contributes to the difference in level
between the incorporations and new corporations series, the
effect of which may be substantial but which has not been
precisely measured. Corporations are sometimes formed
which would not be considered " firms'' under business population definitions. These "paper" corporations show no
employment, and have no recognizable place of business
regularly devoted to the business activities involved. In
some cases the promotion of projected corporations was not
completed and the charter never exercised. In other cases,
such corporations are individually owned and the entire
income is in the form of rents from small apartment houses
or other real estate. A corporation may also be set up to
conduct a single transaction which is accomplished in a short
period of time without benefit of paid employees.
In Bureau of Internal Eevenue statistics such corporations
would tend to be classified by industry in the finance, insurance and real estate division; 150,000 tax returns were
submitted to the BIE by corporations classified in this
industry division in 1947. The difference between this
figure and the OBE estimate of 76,000 corporations in the
finance division as of March 31, 1947 gives a rough indication of the importance of this factor.
New businesses by industry and size
Information on new businesses by type of organization,
industry division and size is available only for the third
quarter of 1950. These data are presented in table 5 with
the size distribution shown for all industries and for selected
industry divisions. A previous article on the business population showed that the percentage distribution of firms by
size underwent little change between 1947 and 1948 particularly when firms with 20 or more employees are combined
into a single size class; there is little reason to expect the
current size distribution to differ markedly from that
found for 1947. Since, as has been noted, there is also
reason to believe the proportions of firms by type of organization are stable, it is probably permissible to compare 1950
new businesses with 1947 firms in operation. Chart 2,
which facilitates the comparison, demonstrates striking
similarities between new businesses and existing firms in
regard to the patterns of firms by type of organization
within size classes.
Rate of new firm formation
Type of organization information for both firms in operation and new businesses is available only for the year 1947.
Shown below by type of organization are the number of new
businesses during 1947 per 1,000 firms in operation March 31.
It should be noted that the relationship among gross entry
rates presented below is substantially changed when size and
industry are held constant, as will be discussed later.
Type of organization
All types.
Individual
Partnership
Corporate
Other
Gross entry rate
.„_ 124
115
185
96
34
The entry rate for partnerships far exceeds that found for
firms of any other type. The entry rate of proprietorships is
somewhat higher than that of corporations and substantially
higher than that of other types of organizations. Though pre
June 1951
cisely comparable data are not available for other years there
is evidence that these patterns in birth rates have characterized the postwar period.
Table 5.—Number of New Businesses by Type of Organization,
Industry Division, and Size of Firm for Selected Industry Divisions, July-September, 1950
[Thousands]
Type of organization
All
types
Industry division and size class
All industries
--- .
0-3 employees
4-7 employees
8-19 employees
20 or more employees _ _
95.2
81.3
9.1
3.5
1.3
Mining and quarrying
Individual
Partnership
Corporate
64.3
58.5
4.5
1.1
.2
21.8
18.4
2.2
.9
.3
8.7
4.2
2.4
1.5
.7
0)
0)
0)
0)
Other
.5
.4
1.1
.5
.5
.2
Contract construction _ _ _ . _
14.8
10.9
2.9
1.0
Manu fac tur ing
0-3 employees
4-7 employees
8-19 employees
2 0 o r more employees. _ _ _ _ _ _ _ _
10.4
7.3
1.8
.9
.4
5.8
4.6
.9
.3
.1
2.8
2.1
.4
.2
.1
1.8
.7
.6
.4
.2
0)
0)
0)
0)
0)
Transportation, communication, and
other public utilities.
5.9
4.8
.8
.3
0)
Wholesale trade
_ _
4,3
2.1
1.1
1.1
C1)
. _ _ __
35.3
31.9
2.4
.8
.2
24.0
22.6
1.1
.2
1
2.2
1.0
.6
.4
.1
0)
0)
0)
1.1
.2
1.1
.5
.3
.3
.1
.1
1
Retail trade
0-3 employees
4-7 employees _._
8-19 employeesy
20 or more employees.
5.5
Finance, insurance and real estate
Service industries. _ . __
0-3 employees
4-7 employees
8-19 employees
20 or more employees
_
3.2
9.1
8.2
.7
.2
0)
1.0
17.8
15.8
1.2
.6
.2
13.0
12.2
.6
.2
(0
3.6
3.2
.3
.1
.1
C)
.1
.1
.1
8'
C)
1
i Less than 50.
NOTE.—Detail will not necessarily add to totals because of rounding.
Source: U. S. Department of Commerce, Office of Business Economics.
As previous articles on the business population have
pointed out, highly variable entry rates have also been found
between industries, between size classes and even between
geographical regions. The industrial and size compositions of
firms of different types of organization have been shown to
differ and, hence, the gross birth rates shown above may
illustrate little more than various weightings of the same
basic entry rates rather than any inherent differences between firms of different types of organization independent of
these and possibly other factors.
Entry rates holding size and industry constant
Examination of entry rates by the three-way classification of size, industry and type of organization could be
expected to indicate the separate effects of differences in
each of these factors upon entry rates. Unfortunately,
present data are not completely adequate for this approach
to the problem. No information on new businesses by type
of organization, industry and size is available until the
third quarter of 1950; the only comparable data for operating
businesses pertain to March 31, 1947—a difference in time
of more than 3 years. Furthermore, in the case of firms
in operation, some of the more sparsely populated cells of
the three-way classification are subject to large sampling
errors; within each size-by-industry classification the distribution of firms by type of organization depends upon #
sample of employers too small to yield precise estimates
within each cell.
Nevertheless, a study based upon present data does reveal
significant variation in entry rates by industry and by size.
The effect of type of organization upon entry rates was less
(Continued on p. 24)
By Walther Lederer
Balance of International PaymentsFirst Quarter of 1951
JL HE values of both exports and imports of goods and
services rose from the last quarter of 1950 to the first quarter
of 1951. The rise in imports was somewhat greater, reducing
the export surplus from an annual rate of about $2.5 billion to
about $2.3 billion. This decline was offset by smaller grants
to foreign countries under the various Government aid programs, which, however, still exceeded the export surplus by
about $1.8 billion.
Foreign gold and dollar holdings including those of the
International Institutions increased at an annual rate of $3.1
billion, as compared with an annual rate of $3.8 billion during
the last quarter of 1950. The smaller rate of increase this
quarter was largely accounted for by the virtual disappearance of speculative outward movements of United States
capital. Gold sales increased, however, over those in the
preceding quarter, but foreign dollar balances in this country
declined. The continued accumulation of gold and dollar
balances by foreign countries indicates, of course, a further
significant strengthening of their financial position resulting
from their ability to sell in this country more than ever
before and at very favorable terms of trade.
Although the over-all changes in the United States balance
of payments from the previous quarter were relatively small,
there were differences in the basic conditions which influenced the developments in the different accounts. As will
be pointed out in greater detail below, the rise in merchandise
imports will probably be the last phase of a movement which
started approximately 18 months earlier. The rise in merchandise exports (other than military end items), however,
started later and can be expected to continue until increasing
supply stringencies in this country stop it, perhaps before
the end of the current calendar year. The decline ii) Government aid disbursements, again other than military aid,
appears to be part of a trend which can be expected to
extend at least through the coming fiscal year.
The decline in the balance of payments deficit of the
United States on goods and services, unilateral transfers and
the movements of United States capital, which is reflected
in the smaller acquisitions by foreign countries of gold and
dollars, will, therefore, continue until the expansion of
production for defense and supporting purposes reduces the
supplies of civilian goods available for export. From a
somewhat longer point of view, this improvement of the
United States balance of payments position may be viewed,
therefore, a part of a temporary cycle preceding the ultimate
effects of the rearmament program as envisaged at this time.
As in the previous quarter about one-fourth of the rise in
the value of imports was due to a higher volume, about
three-fourths to higher unit values.
The unit value rise from the preceding quarter was greatest
in the case of crude materials (18.5 percent), but the rate of
rise remained the same as that from the third to the fourth
quarter. Unit values of foodstuffs, which rose most sharply
during the early part of 1950, were comparatively stable
from the fourth quarter to the first. Manufactured goods,
however, appeared to be in an earlier phase of the rise. The
rise of their unit values gradually speeded up from about 3
percent from the third to the fourth quarter of 1950, to
about 6 percent during the next 3-month period. The lag
in the rise of prices of manufactured goods behind those of
raw materials has followed the normal pattern of such movements during periods of rising prices.
However, since prices of manufactured goods generally not
only rise later, but also to a lesser extent, and since such
IMPORT COMMODITIES: SPOT PRICES
COMPARED WITH UNIT VALUES ^
INDEX, 1949 = 100
180
160
SPOT PRICES OF
SELECTED COMMODITIES
^ y
>*.,
140
~~
/
UNIT VALUE
/ >^r SELECTED
COMMODITIES
•*
// y
///
/
120
/
100
r^ -V
1
I
/
.**%•* /
^,.»*<-*
/
-X
/
^ UNIT VALUE OF ALL
IMPORTS FOR CONSUMPTION
&'—^~/
1 1 ! 1 I 1 I 1 I 1 1 I 1 ! I 1 1 ! I I 1 I 1
80
1949
Imports approach maximum rate
f
f
1950
1951
If. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-134
Imports of goods and services rose to an annual rate of
$15.5 billion mostly as a result of the higher value of merchandise imports. Recorded merchandise imports were at
a rate of $12.1 billion, and various adjustments, including
military purchases abroad, added another $700 million (at
an annual rate).
NOTE.—MR. LEDERER IS ASSISTANT CHIEF OF THE BALANCE OF
PAYMENTS DIVISION, OFFICE OF BUSINESS ECONOMICS.
Sources of data: U.S. Department of Commerce, Offices of Business Economics and International Trade; basic data for spot prices of selected commodities, U.S. Department of Labor,
Bureau of Labor Statistics.
15
16
SUKVEY OF CURRENT BUSINESS
goods comprise a far smaller part of our imports, the movement in the unit values of crude materials is more significant
for the average unit values and, consequently, the value of
total imports.
From now on, unless new political disturbances interfere, unit values for total imports can be expected to level
off. This is indicated by the chart. An index of spot prices
for commodities comprising about half of our imports is
compared there with an index of unit values for the same
commodities. In both indexes the weights represent the
importance of the value of each of the selected commodities
in total imports. Although the spot prices dp not always
represent the grade of commodities actually imported because of a tendency to substitute lower grades when prices
are rising, the chart indicates the general lag of the movement of unit values behind those of spot prices.
This lag is mainly the result of the time difference between the actual purchases and the arrival of the goods in
this country. As spot prices ceased their rise in January,
unit values of the selected commodities can be expected to
stabilize or even decline slightly several months later.
Unit values of other commoditities which are generally less
sensitive than those for which daily quotations on organized
markets are available should rise over a somewhat longer
period.
With comparatively stable unit values, total imports
should also cease rising, as the volume of imports during
the first quarter approached the maximum available under
present supply conditions and in some instances even exceeded the rate which can be expected for the entire year.
For some commodities there also appears to have developed
a decline in demand as the tendency to increase inventories
both by private business and consumers, which was greatly
stimulated immediately after the communist invasion of
South Korea, apparently subsided.
While merchandise imports thus seem to approach the
maximum that can be expected under present conditions,
military purchases abroad both of goods and services can
be expected to rise further, as additional troops are moved
to Europe under the North Atlantic Treaty and additional
supplies and installations for these troops are needed.
Other service expenditures were approximately the same
as during the first quarter of the preceding year. However,
both shipping and tourist expenditures were at their seasonal
low and will increase during the following months.
For the present year, therefore, imports of goods and
services can be expected to be somewhat higher than the
$15.5 billion rate during the first quarter.
Export rise continues
The rise in exports of goods and services from the last
quarter of 1950 was only half as great as the rise from the
third to the fourth quarter 1950. Yet this decline in the
rate of increase should not necessarily be interpreted as an
indication of an early stabilization of exports.
Merchandise exports, which rose about as much as exports
of total goods and services, returned approximately to the
rate existing during the first half of 1949, before the last
major wave of foreign restrictions against dollar imports
became effective.
In contrast to imports, where only 25 percent of the rise
was attributable to volume, about 50 percent of the rise
from the last quarter of 1950 to the first of 1951 was due to
higher volume of goods exported, and 50 percent to higher
unit values. During the preceding 3-month period unit
values accounted for only one-third of the rise.
Three major factors may be distinguished as being re
June 1951
sponsible for the changes in exports. First, exports under
the Mutual Defense Assistance Program, which were a
major factor in the export rise from the third to the fourth
quarter, were only a very minor factor at this time. Total
transfers (including services) rose only by $17 million as
against $165 million during the preceding quarter. (See
table 4.) (The data published by the Bureau of the Census
show a rise of about $60 million, but these statistics generally lag about 1 month as compared to the official accounts
for the program.) However, the first quarter annual rate of
shipments of about $1.3 billion is far below the rate permitted under present and proposed appropriations and
should, therefore, be expected to rise materially in the near
future.
The second factor consists of the changing needs for goods
of such basic importance as grains and coal. Increased shipments of grains, mainly to Western Europe, Yugoslavia, and
Japan, accounted for about $100 million, or one third, of the
rise in merchandise exports and for a substantial portion of
the rise in shipping receipts. Shipments to India rose from
93,000 tons in the previous quarter to 157,000 tons and are
scheduled to rise under the impetus of the aid program recently enacted by the Congress to about 500,000 tons during
the second quarter of this year. The higher shipments to
Europe are partly seasonal and partly a substitution of supplies formerly obtained from Eastern Europe.
The value of coal exports did not change from the preceding quarter. Seasonally smaller shipments to Canada
were offset, however, by larger shipments to Europe, which were
necessitated by increased industrial activity. Coal exports,
which represent a considerable drain on European dollar
resources, not only for the supplies but also for freight, had
partically stopped for almost 1% years. It is now estimated
that for the current year coal exports to Europe may have to
continue at least at the first-quarter rate of about 14 million
tons a year or even higher, if imports from Eastern Europe are
reduced or the flow of oil from the Middle East is curtailed.
The third major factor is the increased demand by foreign
countries resulting mainly from higher incomes and more
ample supplies of dollar exchange.
About two-thirds, or $200 million, of the rise in exports
consisted of manufactured goods, mostly textiles, iron and
steel mill products, automobiles, tractors, and agricultural
machinery. It may be noted that exports of industrial
machinery increased considerably less and remained below
the average rate of 1949. Exports of metal working machinery, which for obvious reasons is in short supply here, were
actually smaller than during the preceding quarter.
Foreign demand for American products had started to rise
during the early part of 1950, largely because of the improved
dollar position of some foreign countries. Partly as a result
of the greatly increased rate at which foreign reserves rose,
and partly because of the fear of shortages and price rises,
foreign import restrictions were considerably relaxed during
the second half of 1950 and early 1951 and in some cases imports from the United States directly encouraged. The rise
in foreign demand was thus basically of the same—partly
anticipatory—nature as the rise in domestic demand in
reaction to the mounting political tension, and applied more
or less to the same kind of commodities. However, as the
foreign demand became effective at a somewhat later date
than the domestic demand, it had to wait until the easing in
domestic sales made room for increased shipments abroad.
The rise in exports may be expected to continue for some
time as the falling off of domestic demand for many consumer
goods during recent months has made more goods available
to supply the larger foreign demand.
SURVEY OF CUERENT BUSINESS
June 1951
For the longer run, however, the export prospects are less
favorable. To a large extent the recent rises in exports took
place in commodities of which the output is expected to be
curtailed as the production of armaments gets into fuller
swing. Many of these commodities exported in increased
quantities in the early part of this year cannot be considered
essential and exports are likely to fall off when supplies
drop below these current domestic demands. It is likely,
however, that by that time the present buying wave for these
commodities in many foreign countries will have subsided
again, just as it did here in the early part of this year.
Domestic prices appear to have been stabilized in recent
months (see chart 2) and as price controls become more effective, any increase in export unit values—largely because
of substitution of higher quality goods for relatively scarcer
goods in lower quality brackets—will not materially affect
the development of export values which may result from
changes in export volume.
"Exports" of services rise also
"Exports" of various services also showed an upward tendency. Receipts on transportation increased because of the
larger volume of coal and grain shipped abroad and because
of a rise in outbound rates of 10 to 15 percent. The rise
in rates reflected the growing scarcity of shipping space,
which may also be attributed to the armed conflict in Korea
and the rising movement of military supplies to overseas
areas.
DOMESTIC WHOLESALE PRICES COMPARED
WITH EXPORT UNIT VALUES IJ
INDEX, 1949 = 100
130
120
DOMESTIC WHOLESALE PRICES
OF ALL COMMODITIES
flO
-
100
UNIT VALUE OF U. S.
MERCHANDISE EXPORTS
90
1949
I960
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
1951
51-133
1
The index of domestic wholesale prices of all commodities was recomputed using the
three components, raw materials, semimanufactures, and manufactured products, and reweightiiig them by the respective portions of the crude materials and crude foodstuffs, semimanufactures, manufactured foodstuffs and finished manufactures in United States exports.
The index was computed by the Fisher formula, i. e., using as weights for each month the geometric mean of the export values for the same months and for the monthly average during the
preceding calendar year. Thus, the construction of the index of domestic wholesale prices of
all commodities is comparable with the index of unit value of U. S. merchandise exports.
Sources of data: U. S. Department of Commerce, Offices of Business Economics and International Trade; basic data for domestic wholesale prices, U. S. Department of Labor, Bureau
of Labor Statistics.
Income on investment was smaller than the revised
estimate for the fourth quarter. The latter figure, however,
is approximately $50 million higher than the actual earnings
during this period because one major foreign subsidiary
distributed dividends from surpluses earned over a period
of several years. The income for the first quarter was about
25 percent higher than a year ago, due largely to the increased
production, and higher prices of raw materials, and represents
946782°—51
2
17
an offset (although of less than 7 percent) to the rise in
imports.
Divergent changes in balances on goods and
services
Although the over-all surplus on goods and services did not
change significantly from the preceding quarter—most of the
apparent change may be attributed to the extra dividend
during the fourth quarter mentioned above—there were
significant changes in several areas.
Of special importance is the fact that our surplus with
Canada continued to rise and reached an annual rate of
over $700 million. This rate was the highest since 1947
when Canada was forced to tighten exchange restrictions
because of large losses of reserves. As Canada plans to
spend large amounts of United States dollars on military
equipment, purchases of civilian goods in this country
cannot be continued at the first quarter rate without reducing
dollar reserves further, unless our purchases are considerably
expanded or Canada is able to increase dollar earnings
through exports to other areas.
The group "all other countries/' which had a surplus on
goods and services of $75 million with the United States
during the fourth quarter of 1950, developed a deficit of
$41 million. Of that $116 million change, the sterling area
countries within the group accounted for only 10 million.
The principal countries involved in the change were Japan
and China. The United States surplus on merchandise
trade to the former increased by about $60 million while the
merchandise import surplus from the latter country declined
about $20 million. The increase in exports to Japan
reflected largely the interruption of trade between that
country and China and the consequent need to obtain increased supplies from the United States. Thus, the increased
political tension again disrupted the established trade patterns and increased foreign dependence upon the United
States.
The deficit on goods and services of the continental ERP
countries with the United States, excluding shipments under
the Mutual Defense Assistance Program, rose from an annual
rate of about $900 million in the fourth quarter of 1950 to
about $1.2 billion in the first quarter of 1951 largely because
of the increased grain and coal purchases. Despite this rise
the deficit was still smaller than the current rate of Government assistance but the first quarter deficit does not yet
reflect fully the result of European rearmament, the rise in
prices of raw material they have to import, and any further
deterioration of east-west trade which may occur.
Our transactions with the raw material producing countries
in the Far East outside the sterling area showed a relatively
small net change compared to the previous quarter. Exports
rose to some of them, but not more than our purchases there,
indicating that the cautious import policies by the citizens
and governments of these countries had not yet materially
changed.
Regional differences in the use of increased dollar
earnings
The differences in the use of the increased dollar earnings
of foreign countries, existing during the previous quarters,
therefore persisted. The countries in the Western Hemisphere, which are relatively less affected by the political
tensions, both external and internal, preferred purchases of
goods and services in this country rather than the accumulation of liquid reserves, presumably because of an anticipation
of continued high demand for their exports, and future shortages and price rises affecting their imports.
In contrast, the countries in the Eastern Hemisphere, both
(Text continued on p. 23)
SURVEY OF CURRENT BUSINESS
18
Table 1. — International Transactions of the United
[Millions of dollars]
ERP countries
Item
I
Exports of goods and services:
Merchandise, adjusted
Transportation
_ _
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
-
--
Total
846
110
11
58
33
27
__
820
92
9
57
21
_._ _
Total
Imports of goods and services:
Merchandise, adjusted
Transportation
Travel
Miscellaneous services:
Private
Government
__ _ _ _ _ _
Income on investments:
Private _
_ _ _ _
Government
II
37
_ _
__
IV
ERP dependencies
Year
734 1,039
95 115
9
13
I
3, 439
412
42
III
II
116
9
52
23
57
27
2
224
93 (*)
35
36
33
8
138
78
11
988 1,288
100
11
3
111
11
2
2
1
1
(*)
16
Year
IV
33
106
10
433
41
II
I
2
2
90
522
14
46
19
19
(*)
81
11
(*)
129
(*)
Latin America
499
16
63
8
1
(*)
(*)
396
10
27
150
10
2
II
18
I
40
37
2
3
1 (*)
2
2
2
(*) (*)
1
(*)
I
IV Year
III
37
3
1
36
2
8
30
Canada
Other Europe
IV Year
III
I
IV Year
III
I
593 2,010
17
57
42 178
600
52
26
636
56
33
691
62
3
28
6
27
30
6
29
6
114
25
75
121 406
(*)
(*)
128
2
112
5
210
2
232 i
5i
682
14
1
790 2, 717
71 1
241
30 126
4, 426
139
132
159
150
580
42
46
53
42
183
533
731
672
795 2, 731
842
876 1,038 1,163 3,919
257
86
21
253
119
67
328
108
94
463
88
33
1,301
401
215
,73
191
4
10
209
5
9
254
3
827
15
36
45
2
1
56
1
1
52
2
1
51
2
1
204
4
405
23
24
476
27
53
500
30
146
570 1,951
30 110
38 261
718
47
54
638
50
42
920
54
55
814 3, 090
204
194
50
67
54
59
51
58
50
64
205
248
(*) 3
(*)
(*)
1 (*)
3
2
1
10
4
4
4
4
6
6
17
23
5
10
5
10
5
11
1
1
20
40
57
1
94
62
3
102
1
315
(')
0)
(*)
(*)
1
8
2
20
2
12
3
26
3
66
10
3
3
1
4
1
12
2
1,059 1,091
539
+520
Unilateral transfers (net) :
Private
Government grants
92
III
June 1951
648 704 801 2, 692
+443 +284 +487 +1, 734
10
189
50
-3
-69 -77 -62
-28f
-809 -913 -690 -862 — 3, 274
0
-1 (')
+10
-5 -3
-883 -993 -755
Total
Balance on goods and services and unilateral
transfers (net foreign investment)
-363 -550 -471
United States capital (net) :
Private long-term
—47 —35 — 152
Private short-term
_
_ _
+62 +6 -65
-22 -20 -13
-29 -22 -16
Government short-term
_
-929 -3, 560
-3
2
3
(*)
11
(*)
1
1
1 (*)
1
(J)
3
207 228
75 -69
_2
1
268
118
2
—2
J
—1 ( )
-2
-3
c,
— 230
—60
— If
0
-1
3
-5
+1
I
-2
3
60
14
+9
(x\
(*)
-2
-2 -10 -13
_c
-'
0
(*)
(*)
(*)
-12 -11
(*)
0
+1
2
(*)
(z)
52
10
892
312
-442 -1,826 -53 -78 -71 -120 -322
+4
-63
+40
3
(*)
58
(x)
57 227 470 589 701 678 2,438
-15 -44 +63 + 142 -29 +117 +293
-10 -41
+9
1
(x\
-2
-8 -10 -33
-4
0
(*-}
-2
-3
-4
-3
(*)
(*)
836 748 1,049 929 3,562
+6 +128 -11 +234 +357
-3 -10
2
2
-23 -16 -13 -25 -77 +59 +138
-10
0
+10
+ 10 (*)
g
9
8
+1
2
(*)
-5
—5
-6 ;
-3
*~
o
;
"
o
—8 -23
— 4 -19
-5 -16 -13 -11 -111 -13 -48
-32 +112 +277
— 7 +117
-22+221 +309
-91 -71 -450 +22 -590 -41 -28 -641 -31 -164
+6
+6 -4 -87 -16 -101 f!21 -23 +3 -98 +3
+4 +2*:
. i
i
g;
0 .15
-1 -1 + 2 2 _ _ _ _ +13
— 2 -1 (*)
.._.
-85 -76 -538
-9
-19 -6 -9 +2 -7 -20
Total
-36 -71 -246 -27 -380
Foreign capital (net):
+6 — 1 +9 +2 + 16
Long-term
+1
0 +50 + 156 +127 +333
(*)
+ 169 + 18 +45 -26 +26 +63 -12 — 1 -9 +3
Short-term
+159 +454 -248 -196
-9 — 2 -14
+131 +24 +650 +554 +1, 359 +3
Gold (purchases (—); sales (+))
+1 +4 +8 -3 (*)
Transfer of funds between foreign areas
(receipts from other areas (— ), payments
+345 +36 ] +38 + 105 +90 +269 +38 +27 ! +20 +29 + 114
to other areas (+) , and errors and omissions +109 +93 +159
' Preliminary
* Revised.
* Less than $500,000.
Source: U. S. Department of Commerce, Office of Business Economics.
+5 -694
+84 -55 -56 — 134 -161
+85 +84 +78 +238 +485 + 1 + 17 — 6 + 19 +31
-17 -23 +509 -416 +53 —42 — J6 + 160
f-153
-1 -2 +103 +99 +35 (*) +54 ; +73 + 162
-41 -122
-15 -42 -220
-71 -63 -130 '-2?0 -494
Table 1.—International Transactions
[Millions of dollars]
ERP countries
ERP dependencies
Other Europe
Item
I
II
III
;
IV
i Year
I
I
II
111
Exports of goods and services:
914
199
4,311
181
1, 249
908
210
1,240
Merchandise, adjusted
102
12
16
129
19
564
162
171
Transportation
__ _
11
14
3
2
50
11
3
14
Travel
Miscellaneous services:
3
2
49
48
200
51
52
Private
15
18
67
16
Government
__ _
18
(.*)
(*)
Income on investments:
26
26
35
10
16
32
121*
36
Private
1
23
73
38
5
Government-.- 1,126
226
5,394
243
1,544
1,188
236
1,536
Total
Imports of goods and services:
246
1,022
191
131
205
154
326
245
Merchandise, adjusted
65
85
324
6
97
Transportation
24
81
177
10
19
53
Travel
Miscellaneous services:
46
46
184
46
46
Private
(*)
3
56
1
55
264
4
78
Government
Income on investments:
69
248
1
1
74
54
51
Private
- 1
1
1
1
4
Government—
(*)
(*)
(J)
507
524
214
618
574
2 ,223
171
146
Total
+619 +3,171
+926
+664
+29
+80
+962
+65
Balance on goods and services
_ _
_ _
Unilateral transfers (net):
— 52
-249
-4
-62
-3
-2
Private
-982
—2
-1,07 -1,228
-4, 129
—8
-19
Government grants
-1
— 20
Other Government transfers
(*)
(*)
-938
-4,400
-6
-21
-11
-1,132 -1,295 -1,035
Total. .
__
Balance on goods, services and unilateral transfers (net
-371
-319
-1,229
-206
+69
+23
+44
foreign investment)
. _ _ _ ___
-333
United States capital (net) :
+ 13
— 10
—8
— 12
-26
— 32
Private long-term
+4
-19
+25
+82
+ 11
+65
Private short-term
+3
+1
+1
— 15
—1
— 391
—279
—96
Government long-term
(*)
-1
-142
-170
+2
Government short-term
-31
+1
+1
(*)
-47
-149
Total
-8
-6
-37
-511
-278
+5
Foreign capital (net) :
+86
+1
-1
+21
+27
+28
Long-term
(*)
+219
+ 11
+37
+43
-178
±4?
+4
Short-term
_ _ _
+1
-152
+39
-234
Gold (purchases ( — ); sales (+))
-118
-3
+5
+3
+4
Transfer of funds between foreign areas (receipts from
other areas (— ), payments to other areas (+)), and errors
+81 + 1,851
-70
-52
+709
-33
+645
+416
a n d omissions _ _ .
.
_ _ _ _ _ _ _ _ _
__
B Revised.
* Less than $500,000.
Source: U. S . Depart nient of Jonimerce, Office of Business Economics.
Year
IV
I
III
II
158
11
1
748
58
9
1
1
0)
i
(*')
45
3
1
38
3
48
4
(*)
43
3
174
13
2
2
8
1
1
2
2
9
209
(x)
(*)
3
Year
(*)
2
25
IV
1
1
198
54
58
4
47
50
166
6
6
(*)
903
642
27
30
40
1
1
36
3
1
35
3
2
44
2
1
155
1
4
1
11
4
(*)
12
3
(*)
1
182
+ 16
—3
(*)
713
+ 190
46
+8
— 14
+1
-15
(*)
(*)
-15
(*)
42
+ 16
-5
— 12
-31
(*)
-43
+11
+ 147
— 15
9
-21)
+3
-1
+1
+ 16
0
-27
+ 17
+1
-15
-1
53
-3
-11
—1
-14
+7
—6
0
0
_2
+17
42
+5
+2
-10
0
(*)
(*)
-18
1
C)
-18
+5
+20
-135
-13
(•>•)
-12
+3
18 J
+26
—8
-3
-6
(*)
-13
-53
-16
+1
(*)
-10
2
1
(z)
(z)
(*)
5
-27
+2
-13
+1
(*)
-10
_2
2
-7
(0
+6;
+1
-14
+1
+1
+5!
+6
+16
+7
+15
+41
SURVEY OF CURRENT BUSINESS
June 1951
19
States, by Area, 1950 R and First Quarter 1951
[Millions of dollars]
International institutions
All other countries
III
II
I
Year
IV
I
III
II
467
37
4
464
41
6
423
35
6
16
12
16
12
17
7
17
75
1
73
3
75
1
87
1
612
615
362
14
5
393
15
5
1
55
2
38
2
64
2
86
243
2
2
2
1 (*)
2
1
4
2
10
4
2
440
455
+172 +160
602
-38
768 2,265
-75 +219
541 1,895
35
148
5
21
4
5
66
38
310
6
693 2,484
30
512
17
4
3
3
564
10
9
18
Year
IV
16
656 1 923
61
15
17
3
14
17
First quarter, 1951 p
All areas
I
14
17
III
IV
2, 439
207
67
2,615
244
100
2,498
222
122
3, 106 10, 658
926
253
377
88
141
40
140
42
138
37
142
41
561
160
63
26
331
32
368
17
431
46
504
14
1. 634
109
34
24
65
3
ERP
ERP
countries dependencies
Year
II
6
1,086
148
8
Other
Europe
853
70
27
670
61
2
2
19
1
29
6
19
10
13
147
43
79
2
176
2
98
2
3
413
30
(*)
23
(«)
2
20
17
102
3,257
3,526
3,494
4,148 14, 425
1,389
141
70
800
1,163
862
16
4,441
12
35
7
19
1,960
175
115
2,007
216
178
2, 533
216
309
2, 815
191
125
9,315
798
727
537
93
19
298
6
12
62
2
538
30
25
1,062
59
62
690
21
3
12
3,199
211
121
3
4
7
5
9
2
102
3
64
193
11
3
2
1
2
1
2
74
9
26
60
144
65
118
63
163
62
176
250
601
53
66
(*)
2
1
2
70
6
119
6
80
10
137
9
406
31
59
7
4
+26
2
+33
32
-12
14
+3
52
+50
2, 530
+727
2,709
+817
3,374
+ 120
3,515 12, 128
+633 +2,297
829
+560
-31 -24 -24 -25 -104
-153 -166 -125 -225 -669
-20 -17 — 12 -12 -61
—24
-2
-23
-1
-3
-29
-2
— 14
(*)
—9
-90
1
-123
-124
-993 -1,098
-30
-24
-481
-107
-127
-847 -1, 105-4,043
-18
-5
-77
-48
-819
—7
-204
(p)
(*)
(*)
(*)
-262
-834
-26
-26
-32
-16 -100 -1,146 -1,246
-972 -1,237 -4, 601
-47 —199 -337
-615
+7
-44
-13
-50
-419
-429
-852
-604 -2, 304
-25
+3
+20
+2
-28
+4
0
+1
-59 -168
-26 -14
-10
-6
+5
+1
~~(*r
-4
+1
2
"" -4
-2
(*)
-22
-246
+203
-76
-6
-164
-17
-19
-20
-698
-137
-36
—1
-60 — 1, 168
-149
-198
+4 -127
-37
-10
0
-23
-94 -183
-6
-24
(*)
-11
0
-12
-4
-2
+1
+42
+30
-1 -13
-15
+2
+45 +185 +223 +495
+3 +29 +24 +86
+23
-12
+8
+55
-56
+3
+8
q
+ 17
+25
+14
+6 +185
-7
-5
+230
of the United States by Area, 1949
(•)
(*)
67
+3
618
+182
1,200
-37
821
+41
17
-1
3,871
+570
0
-7
-11
C)
—4
-10
4
—1
-38
-170
-13
-14
-110
-1,018
-22
(*)
(*)
-314
-56
+5
-16
+1
0
i
(«)
3
319
-178
-874
-32
-66
3,408
318
82
636
22
43
(*)
(')
5
-161
Total
61
5
102
12
2
19
-207
InternaAll
tional
Latin
other
America countries institutions
Canada
-221
-14
-1, 150
+177
-52
-180
-15
-580
+11
2
-6
-14
(X)
-15
-15
-59
+15
C)
-38
-23
-48
-50
—4
-212
-24
-67
+10
-18
-3
-181
+4
+11
—1
2
-57
+1
-10
—1
-125
-220
-872
-264 -1,481
-14
o
+3
-44
-109
-67
-54
-293
+35 +121
+75
-2
+15 +43
+116
+136
+203
+190
+448
+29
+247
+562
+740
+421 +974
-234 +912
+771 +1,743
+20
-97
+593
+1
-27
+9
+5
-12
(•)
-30
-46
-1
+1
+39
+235
+1
+64
+43
+79
-102
+14
+77
-181
+893
-88
+89
-18
+175
-188
+206
+19
-56
-114
+139
+78
+84
+30 -106
-90
+156
R
[Millions of dollars]
Latin American republics
Canada and Newfoundland
I
II
III
IV
Year
I
II
Year
IV
III
All other countries
• !"
III
International institutions
Year
IV
I
II
III
All areas
Year
IV
I
II
III
IV
2,672 12, 337
235 1,176
363
71
Year
566
12
44
452
12
61
436
9
30
1,925
42
160
783
62
26
691
55
34
624
60
36
614
52
24
2,712
229
120
684
70
5
685
66
6
571
55
6
507
53
5
2,447
244
22
13
5
7
5
11
5
20
26
3,455
330
70
3, 436
329
102
2,774
282
120
20
19
1
21
77
3
28
7
31
31
7
28
7
118
28
18
12
18
19
16
13
19
9
71
53
11
15
14
17
57
129
36
140
45
134
36
90
(*)
613
123
(')
765
72
(*)
617
102
(*)
599
387
(*)
2,594
103
2
1,011
93
4
915
117
2
443
12
3,662
70
61
1
723
59
(*)
652
262
3
3,102
7
859
72
2
868
4
877
130
4
859
309
28
4,357
341
12
4,405
314
46
3,706
343 1,307
12
98
3,506 15,974
381
20
22
387
21
53
349
23
153
444
21
37
1, 561
85
265
674
45
50
614
44
40
580
45
51
639
43
41
2,507
177
182
327
14
4
295
15
5
270
11
5
277
14
5
1, 169
54
19
1, 939
105
106
1, 731
187
159
1,577
173
299
1,819
151
114
7, 066
676
678
4
3
4
4
4
4
4
5
16
16
5
10
5
10
4
10
5
11
19
41
1
57
1
68
1
53
1
57
4
235
1
56
153
56
165
55
149
57
139
224
606
14
2
446
+ 167
18
2
489
+276
9
1
543
+74
18
2
531
+68
59
2
1
787
+224
2
(«)
715
+200
2
1
693
+184
3
(*)
742
+ 117
9
2
2,937
+725
1
2
406
+453
2
1
387
+481
2
2
344
+379
3
8
1
6
358 1 ,495
+294 + 1,607
1
2
+31
—2
0
4
—3
— 11
-3
—1
-5
-21
-21
-1
-17
-10
-8
—1
-19
-37
-31
-4
—72
-258
-13
-313
-44
-248
-15
-307
-34
-257
-18
-309
-37 -157
-164
-927
-64
-18
-219 -1,148
-24
-4
-6
—8
—1
-15
-12
—8
—8
~0
-2
-4
+ 159
+272
+69
+64
+564
+209
+179
+167
+98
+653
+140
+174
+70
+75
+459
-49
+7
(*)
x
( )
-42
+2
(*)
(*)
-95
+38
-9
-1
(*)
+28
-133
-2
-119
+2
-13
CO
-130
-116
+73
-6
(*)
-49
-64
+33
-16
—1
-48
-111
+2
-47
-10
+8
—1
-50
-58
-19
-1
0
-78
+ 12
+42
-12
-1
+41
-76
-18
-15
0
-109
-169
—5
-20
-18
-2
+1 ~ ~ " ~ - 4
-5
(*)
-113
-410
+110
-39
—1
-340
-196
-22
-6
-6
-5
-12
+42
-2
-33
+85
-10
+8
+5
-10
+1
+95
-17
+2
-3
+87
-7
+119
+71
+4
+216
+131
—1
-46
-54
-1
-31
-40
-7
-15
-40
+8
-76
+36
-1
-168
-98
yr
-92
-1
+9
+55
-2
+69
+1
+2
-23
+2
+157
-170
+10
+3
-67
+11
-470
-82
-209
-205
-168
-664
+11
-24
-49
+66
+4
+20
+37
+38
+63
471
9
25
17
1
-2
'"(*}
— 28
+80
—5
-179
(')
-135
-36
-120
2,009
+585
(*)
-136
(*)
3
33
27
540
153
22
110
3
10
24
2
27
1
1
+26
2
33
-5
2
7
+15
2
-36
(*)
—24
-20
-24
-38
-24
-20
+7
-12
-29
-5
-39
+327
+325
-32
-5
-20
+1
-20
-39
-216
+19
-289
+1
-485
-238
+117
-107
+2
-226
-154
+66
-38
-145
-271
-188
-796
-15 + 187
-40 -474
-31 -173
-274 -1,256
+87
-191
+24
-66
+137
-69
+20
-228
-169
+171
-171
-91
+19
+225
+165
+144
-37
-164
+ 158
+156
+278
+394
-43
+785
(*)
28
137
36
(*)
-6
93
65
94
76
328
6
7
7
5
6
25
43 2,519 2,379 2,325 2,380 9,603
+67 +1,838 +2,026 + 1,381 +1,126 +6,371
2 -129
-113
-141
-139
-522
-104 -1,370 — 1, 539 -1,279 -1,030 -5,218
-12
—21
-23
-103
-106 -1,511 -1,701 -1,413 -1,218 -5,843
-92
+528
SURVEY OF CURRENT BUSINESS
20
June 1951
Table 1.—International Transactions of the United States by Area, 1948R
[Millions of dollars]
Canada
Latin
InternaOther and New- American All other tional inurope
Republics
stitutions
land
EKP
dependencies
EHP
Item
Exports of goods and services:
3, 162
704
4,710
1, 935
Merchandise adjusted.
_
223
257
661
50
39
18
Transportation
49
6
110
9
113
Travel
Miscellaneous services:
9
221
105
9
Private
1
1
58
3
25
Government
Income on investments:
2
125
317
544
73
Private
2
8
70
12
2
Government
5,894
2,484
848
4,215
267
Total
- Imports of goods and services:
1,192
1,612
2, 651
202
676
Merchandise, adjusted
74
276
23
ISO
Transportation
10
119
21
267
7
171
Travel
- - - - Miscellaneous services:
22
157
16
2
Private
0)
262
13
41
17
Government
16
Income on investments:
2
11
193
2
50
Private
3
4
1
Government.- _
(*)
(*)
2,202
3 077
2,036
739
239
Total
+3, 692
Balance on goods and services
_
_ _
+109
+448
+1, 138
+28
Unilateral transfers (net) :
— 362
—38
—4
—9
—75
Private
-3,113
+9
Government grants
— 13
—18
(*)
—5
Other Government transfers
-2
-3
-3,482
Total
-22
—9
—68
—59
Balance on goods and services and unilateral transfers (net
+210
foreign investments)
+87
—40
+1 079
+439
United States capital (net):
-62
-69
—272
— 181
Private long-term
—5
— 59
—4
—4
Private short-term
+4
— 56
(*)
-953
0
Government long-term
_ _ _ _ _ _ _
—37
-24
Government short-term ___
_ _ _ _ _
_ _ _
+16
+2
+91
(")
(*)
-1,058
-71
—274
—185
Total
-25
Foreign capital (net) :
-185
0
Long-term
—4
+24
+10
+437
Short-term
_
_
_
-69
+93
+365
+3
-933
+5
—6
+10
Gold (purchases ( — ); sales (— ))
— 179
Transfer of funds between foreign areas (receipts from other
areas (— ), payments to other areas (-j-)) and errors and
+1, 529
+129
-25
-637
-729
omissions
_ __ _
B Revised.
* Less than $500,000.
Source: U. S. Department of Commerce, Office of Business Economics.
All areas
I
Year
III
IV
3,379
3, 063
325
83
336
91
3, 316
299
70
13, 346
1,299
308
127
30
138
26
131
33
522
117
378
12
4, 239
1 273
102
16,967
II
2 582
265
21
30
9
3, 588
62
29
41
126
28
266
27
321
13
308
50
87
4, 438
4,278
4,012
74
1, 963
1,944
1,892
152
135
173
261
2,023
161
109
7,822
630
600
24
49
159
51
180
51
226
50
166
201
731
5
103
-16
59
3
54
4
76
6
2 472
+1,966
2 520
+1, 758
2 685
+1,327
78
4
2,591
+1, 648
267
17
10 268
+6, 699
— 168
—888
— 151
— 1 255
-11
-14
—678
—4 099
-58
—4 835
205
8
3,172
1,415
67
15
4
358
9
4
1 872
+1,300
339
64
144
95
_5
— 185
—848
-41
— 1,074
— 116
— 185
—853
— 121
— 1 051
— 1 067
— 1 420
— 174
— 1 103
-20
— 1 297
+226
— 137
+915
+691
— 93
+351
+1 864
—1
— 170
—302
— 125
+160
—748
— 116
—973
+87
— 1 750
-13
— 152
+4
+44
-22
— 126
—3
— 106
— 105
— 517
+65
+83
-36
— 11
—663
—294
— 154
— 170
+47
—491
-25
—639
—22
+88
+7
—47
-368
-164
—96
+13
—348
-524
—45
+201
—320
+18
+499
—338
— 170
+549
—1 530
+307
+210
+411
+109
+1.037
—477
+50
+311
+459
—82
+24
Table Id.—International Transactions of the
[Millions of dollars]
1950
Item
Exports of goods and services:
Merchandise, adjusted
_ _ . _
__
_ _
Transportation
Travel _ _ _ _ _
__
_
_
Miscellaneous services:
Private
_
_
Government
Income on investments:
Private
Government..
_.
_
__ _ . _ - - _ _
Total
-_ _
Imports of goods and services:
Merchandise, adjusted
Transportation
_
Travel
Miscellaneous services:
Private
Government
_ _
Income on investments:
Private
Government.
_ _
_ _ _ _ _
..--_
Total
Balance on goods and services
Unilateral transfers (net) :
Private
__
Government grants
Other Government transfers
__._
._
Total
United States capital (net) :
Private lon^-tcrm
Private short-term
_ _
Government long-term
Government, short-term
-._
Total
Foreign capital (net):
Long-term
- _ _
Short-term
_
Gold (purchases ( — )* sales (+))
Transfers of funds between foreign areas (receipts from other
ments to other areas (+)), and errors and omissions^
United
Kingdom
_ _ _
_
__
_
13
1
129
19
4
(*)
19
2
214
_
63
24
4
1
__ .
_
_ _
_ _
areas (— ), pay_
317
6
45
4
15
47
1
(*)
(*)
(*)
42
10
75
171
192
15
69
189
465
115
1
10
154
4
2
334
30
16
44
11
1
(*) 2
124
2
9
168
5
2
365
51
24
(*) 2
44
12
45
8
(*)
2
1
2
46
14
+9
30
(*)
466
+9
67
(*)
257
-55
-3
-1
-3
-13
-194
2
-209
—9
-222
—1
-232
2
o
2
— 16
(*)
-4
-24
-17
-6
-58
-15
—8
+13
-8
-18
-4
(*)
+99
+78
+23
+81
(*)
(*)
2
(*)
6
+9
2
-1
(*)
— 18
+9
0
-6
-15
2
1
155
10
3
2
1
(*)
-200
47
6
2
12
(*)
(')
Total
44
2
475
(*)
_ .
36
3
19
Second quarter, 1950
Other
Depend- All other
ERP
counencies
countries
tries
15
—6
-193
._
46
4
16
(")
(X)
170
+44
6
9
30
_
103
26
5
(*)
(*)
44
5
_
337
35
2
(*)
Total
United
Kingdom
137
10
2
58
5
1
(*)
37
4
_ _
_
First quarter, 1950
Other
ERP
Depend- All other
councounencies
tries
tries
128
-53
162
—3
(*)
(*)
-3
-15
<*)
-15
(*}
(*)
0
+92
+80
-3
<*)
+11
+2
-1
+12
+47
(*)
13
2
1
6
+9
-3
—2
(*)
(*)
(*)
137
-68
-2
-5
—1
-3
-17
—1
+1
(*)
-17
0
+20
+265
(•)
o
+20
+15
(*)
(*)
(*)
178
+11
2
—1
-3
68
(*)
568
-103
-16
— 225
-2
-243
-4
-22
+1
+1
-24
-20
-29
-3
+37
0
-17
-10
+20
+283
-10
+34
+43
+112
—7
-59
p Preliminary.
B Revised.
* Less than $500,000.
1
The data for the total sterling area—but not for the United Kingdom and the other component areas—are adjusted to include "special category" exports purchased for cash, but ex.the Bureau of the Census.
SURVEY OF CURRENT BUSINESS
June 1951
21
Table 2.—International Transactions of the United States With the Sterling Area, 1948 R and 1949 R
[Millions of dollars]
1949
1948
Item
United
Kingdom
Other
ERP
All other
Depend- countries
ERP
countries encies
Total
I
III
II
Exports of goods and services:
Merch andise, adjusted
__
994
2,024
661
505
50
319
Trans portation
121
21
73
218
53
3
Trave
16
1
9
8
7
33
Miscel laneous services:
_ _
Priv ate
27
141
46
16
6
190
1
1
Government
12
14
3
In com e on investments:
Priv ate
74
56
45
59
189
2
Gov ernment
5
Te tal
71
662
1,030
412
1,160
2,673
Imports of goods and services:
Merch andise, adjusted
424
657
373
8
367
1, 456
Trans portation
77
2
12
28
29
119
Trave
24
4
4
16
18
50
Misce laneous services:
X
Priv ate
1
141
140
40
Gov ernment
21
54
12
9
8
16
Incom e on investments:
Priv ate
111
1
1
2
115
49
Gov ernment
Tota I
797
407
700
1,935
519
31
Balance on goods and services
+233
+40
+460
+738
+143
+5
Unilater al transfers (net) :
-42
Privat e
-12
—8
-17
-10
Gover nment grants
-437
-203
-443
0
+5
+1
j
Other Government transfers
-1
-11
-1
-13
Tota 1
-221
-496
-522
-11
-8
—7
United jStates capital (net) :
X
Privat e, long-term. _ _ _ __ _
-115
-29
-28
-58
-10
Q
Privat e, short-term
+22
+ 23
+1
Gover nment, long-term
-2
-495
-496
-81
+1
Gover nment, short-term
-3
0
+1
+1
_
-521
-6
-2
-587
Tota 1
-103
-58
Foreign capital (net):
A
+24
+15
___
-5
Long- ,erm
+19
-11
+12
Short- term
-34
+253
+220
-23
X
-1,257
69
-4
-740
Gold pu rchases ( — ); sales (-)-)
-513
Transfe rs of funds between foreign
areas (receipts from other areas (— ),
payme nts to other areas (+) ), and
-16
+57
+1,247
+1 393
+254
+105
errors and omissions
_ . _
c
R
Less than $500,000.
U. S. Department of Commerce, Office of Business Economics.
Revised.
United
Kingdom
IV
1949
Other
ERP
All other
Depend- countries
ERP
countries encies
576
55
11
435
44
11
390
42
8
726
109
22
73
5
322
29
6
46
3
42
3
38
4
132
12
7
6
1
54
53
2
590
39
745
521
86
4
1,091
85
287
36
19
227
29
26
302
11
320
85
34
4
3
5
40
14
39
10
39
15
158
24
11
X
92
Total
785
51
10
1, 906
194
38
27
172
13
43
62
407
935
191
4
2,518
317
13
27
548
15
6
1,189
116
72
9
7
158
51
X
X
31
28
34
138
1
1
2
142
427
+318
359
+231
423
+98
759
+332
24
+61
367
+40
578
+357
1,728
+790
-20
-306
-1
-327
-13
-252
-2
-267
—22
-226
-2
-250
-33
-979
-4
-1,016
-10
Q
-12
0
-17
0
-1
-18
-72
-987
-6
-1,065
-11
+ 14
-18
-33
+16
+5
-13
-25
-32
-15
-35
-33
-115
-64
-15
-11
-36
-4
-20
-71
*
-17
-17
+1
+1
-3
-18
-65
-15
-98
-36
-214
+11
-73
-219
+10
+83
-333
+30
+143
-19
+69
+86
-446
0
-2
-1
+33
-4
+2
+13
-190
+70
+130
-640
+305
+347
+23
+ 1,090
+24
-39
-146
+929
X
1
-12
-19
-16
-1
-64
United States with the Sterling Area,1 1950 R and first quarter 1951v
[Millions of dollars]
United
Kingdom
Third quarter, 1950
Other
ERP Depend- All other
councounencies
tries
tries
19
1
298
43
10
158
25
4
(*)
1
6
1
41
4
34
3
(*)
31
16
19
(*)
21
91
138
68
1
465
243
2
2
3
137
3
8
178
4
1
412
40
28
118
21
6
(*)
2
43
15
42
8
(*)
1
(•)
151
-60
(*)
(*)
185
-47
33
1
572
-107
58
(*)
253
-10
(0
-2
-2
-3
(*)
(*)
-3
-14
-116
-1
-131
-12
-130
-1
-143
-13
-6
—1
z
()
-10
+6
+4
-13
-7
-36
— 47
-12
-3
-98
+3
—28
+21
+6
+2
33
3
(*)
1
(*)
(*)
95
31
16
43
9
(*)
32
1
227
-12
(*)
-20
— 52
-3
-3
-78
+2
41 0
2
9
+12
-2
-1
-1
-4
(x)
(*)
2
(x)
(*)
0
-j-1
48
0
1
1
United
Kingdom
350
42
7
517
94
19
6
42
3
Other
ERP
countries
140
13
1
(*)
(«)
57
3
(*)
5
1
36
(*)
236
+24
Q
-10
-9
-1
2
-12
-62
-666
—7
— 735
-6
-86
j
-93
-3
+2
-4
0)
-5
-52
-36
+5
+2
-81
-105
-113
-23
—9
-250
-14
+6
+ 10
+1
+3
+1
+66
— 72
+18
+10 + 1,032
-19
-131
-2
-152
-34
-660
-3
-697
-10
-5
-1
-16
+6
+2
-2
(*)
+6
-30
—4
(')
+1
-33
-21
-30
+9
+7
-35
-50
-79
+31
-11
-109
(*)
+6
+98
+34
+ 187
209
+5
+99
+45
17
73
224
57
1
596
213
3
11
257
6
1
591
35
15
1
3
48
15
-15
— 14
+406
2
-2
(*)
—1
-3
(*)
9
1
-55
(')
-55
00
(')
-1
_7
+384
+63
103
+1, 020
+2
+20
+2
-60
-141
+38
+278
9()
20
+145
+283
-311
2
00
(*)
26
+40
+43
48
3
4
1
191
1
2,271
-324
187
1
897
-33
(*)
+21
+24
7
18
1
(«)
750
-81
60
(*)
665
-160
+2
...i_i
20
1
260
417
65
5
2
2
(*)
598
-287
1
225
-54
I
220
3
1,947
(*)
44
6
1
176
23
1
0)
1
(*)
182
-106
+41
41
+360
(•)
8
2
+3
434
+580
37
3
47
8
174
30
1 1 K
174
15
176
55
43
14
on
24
1
2
8
1
2
-10
5
00
14
2
117
25
3
348
120
37
-10
00
1, 617
148
83
506
27
15
(*)
162
34
3
716
17
6
505
216
4
1
(*)
1,339
162
34
311
171
170
2
7
2
523
43
10
546
8
34
76
2
(z)
205
22
5
7
3
6
15
78
3
864
5
+10
_3
-1
(*)
-4
Other
ERP Depend- All other Total
councounencies
tries
tries
66
61
2
United
Kingdom
68
(*)
669
21
(X)
Depend- All other Total
counencies
tries
74
21
1
First quarter, 1951 »
Year
131
11
2
i
+580
+49
13
1
100
12
3
(*)
—7
-115
(*)
-122
United
Kingdom
52
6
1
127
24
6
21
1
215
Total
1950— Continued
Fourth quarter, 1950
Other
ERP Depend- All other Total
councounencies
tries
tries
00
(«)
2
(*)
00
2
(*)
(*)
229
-156
00
7
+ 11
268
-44
36
00
740
-144
-2
-3
00
-5
-3
00
00
-3
-1
-3
00
-4
-12
-92
-1
-105
0
(*)
-2
-15
-4
00
-2
-19
-29
+2
+6
+1
-20
+1
—20
-1
(*)
+6
00
-14
— 28
+405
+61
-8
00
-2
-2
-4
+181
Source: U. S. Department of Commerce, Office of Business Economics.
elude all transactions under the "Mutual Defense Assistance Program". For the definition of "special category" goods see Foreign Trade Statistics Notes for bept. 1950, published ny
SUEVEY OF CUERENT BUSINESS
22
June 1951
Table 3.—Exports of Goods and Services and Means of Financing
[Millions of dollars]
1948 *
1949 *
Exports of goods and services.
Means of Financing
Foreign sources:
United States imports of goods and services
Liquidation of gold and dollar assets
Dollar disbursements (net) by—
International Monetary Fund
International Bank
United States Government:
Grants and other unilateral transfers (net)
Long and short-term loans (net) .
_ __.
United States private sources:
Remittances (net)
Long and short-term capital (np,t)l
Errors and omissions _
R
1
_ __ _
._ _
II
III
IV
Total
I
II
III
IV
Year
I
4,438
4,278
4,012
4,239
16, 967
4,357
4,405
3,706
3,506
15, 974
2 472
325
2 520
529
2 685
146
2,591
—220
10 268
780
2 519
—24
2 379
354
2 325
77
2 380
—467
133
101
22
56
6
20
42
—1
203
176
32
8
17
8
3
11
866
452
899
42
1,269
-124
1,123
516
4, 157
886
1 382
288
1,562
105
185
211
-307
168
252
-210
151
270
-411
174
678
123
856
-109 -1,037
129
179
-156
139
119
-278
2
p
Revised.
Preliminary.
Excludes purchases and sales of obligations issued by the International Bank (see table 5 last line).
1951 ^
1950 *
I
II
III
IV
Total
I
3,257
3,526
3,494
4,148
14, 425
4,441
9 603
—60
2 530
—459
2 709
3 374
—679 — 1 544
3 515 12 128
—963 —3 645
3 871
—745
47
11
99
38
— 12
11
—8
2
7
—20
37
— 10
17
1 300
183
1 077
71
5 321
647
1 023
1, 122
39
865
37
1 110
6
4 120
164
1, 040
82
113
88
-394
141
203
+43
522
589
-785
123
42
-89
124
182
+18
107
836
127
256
+90
481
1 316
-156
110
186
-84
-175
16
57
2 Excluding $1 million short-term notes guaranteed by the International Bank.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 4.—Gifts and Other Unilateral Transfers
[Millions of dollars!
1948 «
I
II
III
1950 «
1949 R
Total
IV
II
I
III
Year
IV
II
I
III
Government:
Payments:
Military aid programs:
Mutual Defense Assistance Program:
121
5
61
Title I and II.
5
19
Title III
12
92
75
349
52
43
41
35
Greek-Turkish _
94
171
8
35
88
1
8
5
2
55
13
71
18
44
Chinese
16
(*)
EGA programs:
626
906
829
European Recovery Program
204
1 397
1, 118
940
766
546
3 730
754
567
1
11
32
6
44
9
96
39
36
92
63
45
Other
Army Civilian Supply Program:
135
96
159
European countries 1 __
_ 231
245
137
93
483
48
901
56
50
288
155
127
154
185
104
567
90
156
599
119
166
66
63
Other
1
1
4
Point Four Assistance
11
44
59
Philippine Rehabilitation Act
47
27
23
51
130
53
34
39
45
203
3
2
2
Interim aid and Post— UNRR A
.
356
627
217
51
International refugee and other United Nations
36
23
33
24
24
104
24
33
117
20
23
39
12
relief organizations
7
4
3
7
34
12
8
9
7
5
5
36
Miscellaneous grants
20
25
25
21
26
49
121
28
32
73
20
Pensions and other transfers
16
15
17
1,171
1,411
1,581
1,456
1,137
1,173
914
4,362
904
1,065
961
5,585
Total payments
1,316
156
48
29
19
60
264
51
48
42
62
39
47
205
Receipts total
1,122
4,157
1,382
1,562
1,077
1,123
1,300
5,321
865
866
899
1,023
1,269
Net Government payments
Private remittances:
184
154
149
564
134
114
729
138
123
130
164
200
181
Payments
15
42
10
51
9
10
8
10
15
7
13
7
13
Receipts
124
174
141
522
678
129
139
113
107
123
168
185
151
Net private payments .
iuding disbursements by EC A from funds appropriated under the Army Civilian Supply Program.
* Revised. P Preliminary. * Less than $500,000. 1 Incli
Source: U. S. Department of Commerce, Office of Busimess Economics.
Year
I
264
41
7
2
451
65
62
5
256
66
3
(*)
590
16
2 719
114
595
27
27
100
1
66
181
319
7
166
3
72
1
4
14
4
21
1,153
43
1,110
84
21
101
4,295
175
4,120
14
15
22
1,078
38
1,040
133
6
127
511
30
481
120
10
110
Table 5.—Movements of United States Long-Term Capital
[Millions of dollars]
Item
1949 «
1948 R
I
Long-term capital:
Government:
Outflow:
300
British loan
EGA programs:
Recovery loans
Deficiency materials projects
Export-Import Bank loans
170
Credits on sale of surplus property and surplus vessels
121
6
Raw material credits to occupied areas
Lend-lease credits
United Nations building loan
3
Other capital transactions
600
Total outflow
83
Total inflow (repayments)
517
Net outflow of Government long-term capital _
Private:
Outflow:
Direct investments
256
14
Other
270
Total outflow
Inflow:
D irect investments
123
12
Debt retirement
29
Other
164
Total inflow
Net outflow of private long term capital (as
106
in table 1)
Deduct:
Net purchases (+) and sales (— ) of obligations issued or guaranteed by the International Bank
Net outflow to foreign countries (as used in table 3).
I06
p
1
Preliminary.
Preliminary estimate
Revised.
1951 ^
IV
II
Total
IV
III
I
III
II
1950 *
Year
IV
II
I
III
IV
Total
1951 f
1
300
1
475
476
280
98
18
145
70
69
454
50
42
35
38
5
4
14
1
6
2
353
64
289
9
7
1
3
2
162
55
107
3
13
2
6
2
79
41
38
31
1
36
427
1
163
53
3
50
4
6
5
2
85
45
40
30
26
4
20
8
679
205
474
2
6
1
11
1
127
51
76
29
1
58
45
4
41
24
4
44
151
12
193
34
5
83
21
1
3
1
95
59
36
3
1
76
80
-4
2
28
1
22
5
414
287
127
5
2
116
97
19
3
2
127
60
67
3
187
62
125
3
1
80
240
-160
1
549
58
491
168
6
1
3
8
1,416
443
973
328
26
354
358
168
526
392
15
407
1,334
223
1,557
340
31
371
403
10
413
249
117
366
368
48
416
1,360
206
1,566
328
230
558
291
92
383
364
511
875
323
45
368
1,306
878
2,184
1
134
23
27
184
170
189
8
27
224
302
204
19
14
237
170
650
62
97
809
748
132
8
15
155
216
132
23
20
175
175
8
29
212
154
135
64
29
228
188
574
103
93
770
796
155
138
19
312
246
117
41
61
219
164
145
12
20
177
698
187
106
15
308
60
604
297
115
1,016
1,168
(i)
1
-f7
+18
+7
741
295
170
198
170
for net outflow of direct investments.
238
—1
+1
+1
—1
+20
+2
+2
165
154
699
776
245
188
236
58
1,167
Source: U. S. Department of Commerce, Office of Business Economics.
150
108
258
20
26
46
212
+50
162
June 1951
SUKVEY OF CURRENT BUSINESS
Europe and Asia, seem to prefer to hold their assets in liquid
funds possibly because to them the political uncertainties
outweigh the possible disadvantages arising from increased
scarcities and perhaps higher prices of relatively less essential
imports.
Inflationary forces and rearmament revive need
for foreign aid
The rise of inflationary forces after "Korea" affected nearly
all countries but not equally.
Countries producing raw materials increased their incomes
from exports and in many cases did not, or were not able to,
convert all of the increased earnings into increased imports.
These countries experienced, consequently, inflationary pressures at home, resulting from increased incomes without
correspondingly increased supplies. While relative shortages
of supplies may have developed there, the supplies of imported goods nevertheless increased, and despite rising prices
both investments and the standards of living increased.
On the other side of the scale are those countries which
depend largely upon imports of raw materials and upon
exports of manufactured goods. The world-wide inflationary
pressures made themselves felt by raising the prices of
imports, and indirectly of the goods manufactured from imported materials. This price rise either reduces the volume
of purchases by the domestic population, thus making more
goods available for export, or it leads to an expansion of the
domestic money supply and a new opening of a balance of
payments gap.
Essentially the latter is what happened in the United
States, which, however, in contrast to most other nations
has the reserves to sustain such a balance of payments gap
over a much longer time than the present emergency is
expected to last.
Many of the industrial nations which participate in the
European Recovery Program are at least equally—and in
many cases even more—faced with the problems of internal
inflation, the resulting social disturbances, and a new opening up of a balance of payments deficit. It is, of course, exactly these problems for which the previous aid programs
attempted to find the solution, and in which they were successful up to the present time.
Because of the new dangers to an orderly political and
economic development, the United States Government considered it necessary to continue economic aid to countries
thus affected. The amount of such aid requested by the
President is $2.25 billion, of which approximately $1,650
million is intended for Europe. The total amount is smaller
than the appropriation for the current year of about $2.8
billion, largely because no further aid is programmed for
several countries, including the United Kingdom, Sweden,
and Japan.
The latter countries, although they are also affected by
the inflationary pressures, experienced by other industrial
nations, are able to participate in the gains from raw material production, either through production within their own
borders, through their foreign investments, or through other
international transactions. Japan was able to increase its
dollars earnings substantially through the sale of goods and
services to the armed forces of the United States.
Normal capital flow restored
Including the purchase of bonds issued by the International Bank of Reconstruction and Development to the
23
extent of $50 million, the net outflow of United States capital
amounted to about $300 million. This amount includes disbursements of approximately $50 million against the $125
million Export-Import Bank loan to Argentina to permit the
liquidation of this country's liabilities to American business.
These disbursements are therefore offset by capital inflows
on private account, both long- and short-term.
United States short-term capital continued to move to
other countries, however, mostly in the form of commercial
credits following the rise in exports, and encouraged by the
repayment of earlier credits. The absence of major speculative movements of United States capital, such as had taken
place during the last half of 1950, indicates, at least for the
time being, a return of confidence in the stability of principal international currency relationships.
Foreign dollar funds were reduced by about $100 million.
These withdrawals should not be interpreted, however, as an
indication of foreign distrust in the stability of the dollar.
Most of the withdrawals were made by Canada in order
to pay for its balance of payments deficit with the United
States. Some countries in Europe exchanged dollars they
held at the beginning of the quarter for gold, but the amounts
involved were relatively small and the transactions followed
the usual pattern of converting excess dollar holdings and
of keeping reserves in the form of gold.
Rising gold sales despite declining deficit
Gold sales during the first quarter of 1951 reached a new
peak of $3.6 billion at an annual rate, about $500 million
more than during the preceding quarter, although the
United States deficit on goods and services, unilateral
transactions, movements of United States capital and unaccounted for transactions declined from the previous quarter
to the extent of $700 million at an annual rate. The difference in the changes of gold sales and of our' balance of payments deficit was due to the increasing desire of foreign
countries that had net claims against the United States for
settlement in gold while the countries against which we
had net claims preferred to pay them by drawing upon their
dollar holdings.
The increased demand for gold appears to be due mainly
to the historic preference for gold as a monetary reserve,
so that whenever dollar receipts exceed the amount considered necessary for international operations, the excess is
converted into gold. Two-thirds of the gold sold went to
Europe, principally to the United Kingdom for the account
of the sterling area. The remainder went to Latin America,
Indonesia, and Egypt.
During April and May gold sales dropped sharply to an
annual rate of only $300 million (as compared to $3.6 billion
during the first quarter) indicating a further decline in the
United States deficit, mainly because—as indicated earlier—
of a rise in nonmilitary exports, a stabilization or slight
decline in imports, and a continuation of the downward
trend in nonmilitary Government aid. However, the increasing diversion of productive resources to armaments—
and possibly a decline of the foreign buying wave similar to
the decline of the post-Korea buying wave in this country—
may, before the end of the current year, reduce again the
exports of nonessential durable goods which have recently
risen. Gold sales may then increase again, and may thus
prove to be characteristic of the United States balance of
payments during the rearmament period, just as they were
during World War II.
24
SURVEY OF CURRENT BUSINESS
June 1953
Agricultural Production and Income
(Continued from p. 8)
of the price of the product to the price of feed, the more
favorable it is to increase feeding to expand meat, egg, or
milk production.
Since such a comparison does not take into consideration
other costs of production, it is most meaningful where feed
represents a high proportion of total costs. By this standard
of comparison the hog-corn ratio is the most reliable of the
group, and over a long period of years changes in the size
of the pig crop have been closely related to changes in the
hog-corn ratio at the time at which sows are bred for farrowing. In recent months, the hog-corn ratio has been about
equal to the long-time average, which in view of the gradual
increase in feeding efficiency, is favorable for continued high
production. Moreover, it has been somewhat more favorable
than the egg-corn ratio and the butterfat-corn ratio.
The beef steer-corn ratio has been considerably higher,
however, than the long-time average, and the favorable
beef steer prices have accentuated the upswing in beef
cattle herds which has been under way since 1948. For the
rather specialized beef steer feeding operations, a calculation
including other costs, such as the price of feeder steers, provides a fuller cost-price picture. For example, Department
of Agriculture estimates of the margin of value of feed steers
over costs for yearlings purchased in the fall and sold the
following spring show that fat steers sold in the spring of
1950 yielded a margin of $68.50 per head, the largest for
any similar period for which data are available. These
wide margins resulted from the very substantial rise in the
price of slaughter cattle during the feeding period. For
steers purchased as feeders in the latter part of 1950 and
marketed in March-April of 1951, the margin is about the
same as last year, and three times as great as the average
for the preceding 10 years.
Margins narrowed
Ceiling prices which slaughterers may pay for beef cattle
were announced on April 28 by the Office of Price Stabilization. These call for a reduction of about 10 percent from
the price at the end of April during June and July and a
projected further 4% percent reduction in August and a
third reduction of 4% percent in October. On the basis oJ
these ceilings, farmers selling steers purchased last fall at
the June-July ceilings would have a margin over cost
of $47.70 per head, which is substantially lower than recent
margins but higher than in any year prior to 1950. At the
projected August-September prices the margin is $32 pei
head figured on the same basis.
Meanwhile, the continuing high demand for finished beef
steers and the broad margin over cost for feeding such steers,
brought a substantial rise in the price of feeder steers from
the latter part of 1950 to the early months of 1951. As a
result, there is little or no margin on feeder steers purchased
in the first 4 months of 1951 and sold at the newly established
ceiling prices. The number of feeder cattle purchased in the
first 4 months of 1951—while larger than a year ago—is only
a third as large as the heavy seasonal movement in the
October-December months of 1950. A downward adjustment in feeder steer prices occurred following the ceiling
price announcement for slaughter cattle. Such a development points toward the establishment of more normal
margins for the finishing of cattle for slaughter.
The Business Population by Legal Form of Organization
(Continued from p. 14)
clear when the analysis was based on all observations; however, within the two industry divisions with the largest
number of firms—retail trade and the service industries—
the entry rate for corporations exceeded the partnership
rate, and both these types of organization tended to have
much higher entry rates than proprietorships.
The lower entry rate for proprietorships as compared to
corporations of the same size within these industries may be
attributable in part to the comparative availability of investment funds, since it is possible under the corporate form to
draw on the capital of a number of different individuals who
may or may not desire to participate directly in the operation
of the enterprise. The capital available to a proptrietorship, on the other hand, is limited by the funds the owner
has saved or can borrow. Also of great importance is the
fact that in corporations the investor's liability is limited to
the amount of his investment. These considerations apparently more than offset the advantages which individually
owned businesses offer in the way of lower taxes, fewer
regulations, and direct and full control of the business by
the owner. It may be noted, however, that to some extent
the high corporate entry rate may also reflect the characteristics of the postwar period covered.
It might be expected that the partnership entry rate would
fall somewhere between the rates of proprietorships and corporations. Like proprietorships, partnerships may be formed
with relative ease and the liability, though lessened, extends
to each owner's personal assets. On the other hand, partnerships resemble the corporate form since they do permit the
pooling of more than one individual's resources and risk is
spread to some extent. In addition, however, the partnership form usually makes available to the firm the working
time and skills of each of the partners. That many of
these firms do not embrace the corporate form is probably
attributable to the fact that a partnership may be initiated
with greater ease and less expense, and perhaps most important, with a subsequent tax advantage.
Differentials in entry rates, even if they persist over long
periods of time, do not necessarily imply a shifting in the
composition of existing firms by type of organization. In
the case of corporations there is evidence that the proportion
of such organizations in the total has undergone a long-term
gradual increase since the initial period of rapid growth.
However, it is not known whether there has been any corresponding change in the proportion of partnerships among the
firms in operation.
TECHNICAL NOTES
The statistics presented in this article are estimated within the framework of the regular
Office of Business Economics series on the business population, and in general the sources
and methods employed are adaptations of those described in the technical notes of the article,
"Revised Estimates of the Business Population," SURVEY, June 1949. The figures on operating businesses by legal form of organization are based on samples of employers submitting
tax returns to the Bureau of Old-Age and Survivors Insurance for the first quarters of 1947
and 1948 and on Bureau of Internal Revenue date. The distributions of unincorporated
firms by type of organization and by major industry division depend upon the BOASI samples; the breakdown of corporations by industry, as well as additional industry detail for
unincorporated businesses, are based upon BIR data adjusted for business turnover. The
BOASI samples were also used to derive the size distributions of operating businesses within
each major industry division and type of organization. Estimates of the number of new businesses by type of organization, 1945-50, and the breakdowns by size and major industry
division for the third quarter of 1950 are derived from tabulations of the applications for
employer identification numbers regularly furnished to this office by the BOASI.
* BUSINESS STATISTICS
JL 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.
Data subsequent to April 1951 for 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
1951
1950
April
May
June
July
August
September
October
November
December
January
February
March
April
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCTf
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 cf
do
Business and professional cf
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. of dol
Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
do
229.1
147.9
140.6
119.5
4.5
16.6
7.3
41.2
22.3
11.7
7.1
244.0
155 3
147. 8
125 3
256.2
162. 7
155. 1
130 3
170.2
162. 1
135. 5
7.4
45 5
24.6
13 5
7.4
7.6
46 3
24.3
14 4
7.6
8.1
48.0
25.8
14.8
7.4
35.0
37.4
16 5
20.9
—2 4
5.0
38.1
46.4
20 6
25.8
—8 3
5.0
42.2
50 8
22 3
28. 5
—8 5
5. 1
—9.3
5.2
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
271.6
185 8
26.5
99 9
59 5
47 7
21 5
21.8
4 4
—1 7
283.9
198 9
34.0
104 5
60 4
47 8
23 0
26 3
—1 5
-3.3
300.3
195. 8
30.0
104.3
61 5
60 2
22 9
26.1
11 2
—3.4
313.9
204.8
31.6
110.7
62 6
59.0
23 5
27.6
7.9
—2.6
39.9
21 1
18.8
40.4
20 9
19. 5
47.6
26 9
20.8
52.6
32.0
20.7
Personal income total
Less' Personal tax and nontax payments
Equals' Disposable personal income
Personal saving§
215
19
195
9
224 9
20.3
204 6
5.7
234 9
23.3
211 6
15.8
241 6
26.7
214 9
10.1
do
do
do
do
1
5
6
8
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:
Total personal income
__ _
bil. of dol
Wnge 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, _ _ d o
Total transfer payments
do
Total nonagricultural income
do
213.8
135.3
138. 1
59.1
39.7
18.2
21.1
214.5
137.7
140. 5
60.9
40.1
18.5
21.0
217.1
140.2
143.2
62.7
40.7
18.6
21.2
220.7
141. 7
144 5
63.3
40.9
18 7
21.6
225.4
145.5
148. 5
65.6
41.7
18.8
22.4
228.7
147.8
150.6
66.5
41.6
18.8
23.7
231.1
150. 7
153.8
68.6
41.9
19.2
24.1
232.9
152. 1
155. 1
69.1
41.9
19.3
24.8
241.0
154. 3
157. 2
70.0
42.4
19.4
25.4
240.9
156. 7
160. 2
71.1
43.2
19.9
26.0
241.3
158. 7
162. 1
72.0
43.7
19.8
26.6
>• 242. 8
164. 1
'73.0
44.1
20.0
'27.0
244.4
161. 5
164. 9
73.2
44. 1
20.0
27.6
2.8
3.3
39 8
18.2
17.2
2.8
3.4
41 5
17.8
14.1
3.0
3.4
42 3
17.8
13.4
2.8
3 4
45 5
17.8
12 3
3.0
3.4
46 1
18.4
12 0
2.8
3.4
45 0
21.1
11.4
3.1
3.4
45 7
19.2
12.1
3.0
3.4
46 2
19.4
11.8
2.9
3 4
47 0
217
11 6
3.5
35
49 3
19.0
12 4
3.4
3.5
47.7
19.3
12.1
3.6
35
M7 2
19.5
r
12 1
3.4
36
47 5
19.7
12 1
198.7
198.4
200.7
202. 7
207.3
211.2
212.7
213.9
221.9
220.9
222.4
r
234. 0
224.7
1
1
5, 500
2, f>70
» 190
1
360
1
150
1
830
1,300
r 160. 5
r
NEW PLANT AND EQUIPMENT
EXPENDITURES
Mi industries, quarterly total
Atnnufacturing
Mining
_
Railroad
Other transportation
Electric and gas utilities
Commercial and miscellaneous--
-mil. of dol
do
_ do
do
do
do
. . do
4,330
1,860
160
300
90
760
1,160
4,700
2, 050
180
290
120
820
1,240
5,830
2,790
200
320
140
940
1,440
1
1
^.^, ~.^.
Estimates for January-March, based on anticipated capital expenditures of business.
Revised.
fRevised series. Quarterly estimates of national income, gross national product, and personal income and monthly estimates of personal income have been revised begi
inning 1946: see
pp. 28-35 01 the j u i y iyou O U K V J W I lur the revise figures.
s-oo of me July 1950 SURVEY for me revised
cf1 In eludes inventory valuation adjustment.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
r
946782°—51
4
S-l
SUEVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1951
1950
April
May
June
July
August
September
October
November
Decem- January
ber
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
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:!
All commodities
1935-39=100-.
Crops
do_
Livestock and products
do
Indexes of volume of farm marketings, unad justed :J
All commodities
1935-39=100__
Crops
do
Livestock and products
do
'1,736
' 1. 686
436
' 1, 250
'314
'648
'270
1,819
1,778
444
1,334
358
744
208
1,859
1,825
557
1,268
368
667
203
2, 356
2, 343
1,058
1,285
351
701
214
2, 551
2, 543
1,182
1,361
323
792
229
2,913
2,906
1,452
1,454
305
883
248
3.584
3,572
2,038
1,534
301
950
268
3,277
3,261
1,781
1,480
276
870
319
2, 692
2, 672
1,216
1,456
282
827
329
2,499
2,470
965
1, 505
324
955
215
'1,927
r
1. 901
557
r
1, 344
317
'770
'247
' 250
153
'322
268
155
352
275
195
335
353
371
339
383
414
359
437
509
384
538
715
405
484
608
391
402
426
384
372
338
397
'284
194
'349
'308
183
'401
P327
P176
p439
'108
59
'145
117
61
159
120
77
153
143
144
142
154
170
142
167
194
147
201
259
158
172
192
157
149
146
151
138
126
148
'104
79
'123
111
71
141
pl!3
p61
pl52
188
195
200
198
212
216
220
215
216
216
'216
'219
*220
197
203
209
207
221
224
229
226
227
' 2
2 6
228
230
P231
221
222
158
175
150
251
198
194
207
232
226
162
175
155
258
197
192
208
238
231
166
178
160
262
206
202
218
237
228
161
174
155
265
202
199
207
249
236
177
192
170
279
212
212
212
253
245
179
196
170
283
216
219
209
263
253
176
198
165
303
223
225
217
260
246
168
197
153
311
226
228
221
266
253
158
195
140
321
227
230
219
' 264
r 255
268
252
154
' 193
134
'329
218
216
222
'275
'263
' 160
' 196
141
' 335
'212
'207
225
p275
p264
pl65
pl87
P153
p337
p 214
p209
P225
Stone, clay, and glass products _ d o _ _ _
Cement
do
Clay products
do
Glass containers
do
Transportation equipment
_ do __
Automobiles (incl. parts)
do
197
207
154
222
226
204
209
221
160
238
262
249
212
229
160
232
277
268
214
229
162
234
272
262
221
242
172
223
287
273
223
239
175
229
284
265
240
249
177
269
291
271
233
231
182
250
278
249
227
211
178
246
292
260
223
193
••178
251
' 285
'246
'222
186
'175
253
'300
'258
'232
207
' 180
269
'307
'259
p 184
Nondurable manufactures
do _
Alcoholic beverages
do ...
Chemical products
do
Industrial chemicals
_ do _
Leather and products
do
Leather tanning
_d o _ _ _
Shoes
do
Manufactured food products
._ _ _ . do. _ _
Dairy products
do
Meat packing
_
do__ _
Processed fruits and vegetables
do
178
168
253
434
110
101
115
150
159
145
90
180
177
255
443
101
94
106
157
199
144
98
184
202
258
451
104
100
107
164
226
146
122
182
219
259
453
99
87
107
178
223
141
191
198
237
265
458
119
106
128
191
217
134
254
201
217
272
465
123
109
133
192
173
152
276
201
205
282
488
115
107
121
175
132
158
190
197
195
284
497
111
111
110
164
103
184
137
196
189
288
504
107
106
109
162
99
203
111
196
211
288
' 506
116
108
121
155
90
193
105
'196
198
291
'510
' 125
120
'128
'149
101
142
100
194
185
'296
'524
118
105
127
'150
120
147
'97
p 195
P175
p299
P539
Paper a n d products __ .
_ _ _ _ _ ___do_. _
Paper and pulp
do
Petroleum and coal products^ _ _ _ do _
Coke__
do
Printing and publishing
do
Rubber products .
__
do
Textiles and products
do
Cotton consumption
_ _
do
Rayon deliveries
do
Wool textiles-.
. _ __
do
Tobacco products
do
182
175
206
174
174
203
174
139
181
173
216
175
169
213
175
140
347
157
168
185
178
222
177
169
221
173
132
348
161
176
172
166
229
176
150
222
165
123
361
134
160
191
181
238
176
161
236
189
155
366
172
204
194
184
243
178
172
244
191
152
380
171
181
202
193
251
183
183
250
197
162
374
180
170
201
191
253
178
182
250
193
158
381
164
174
197
188
263
182
179
251
194
158
397
160
142
203
192
272
187
164
' 244
194
163
392
156
177
'208
198
' 269
183
' 176
'235
194
174
390
144
170
'208
'198
'269
'184
178
'239
' 188
175
374
p 210
161
167
147
148
97
131
160
140
155
155
96
136
168
155
149
148
68
109
171
158
163
162
97
142
177
170
168
167
92
144
184
171
169
170
102
151
184
161
159
165
84
138
184
124
153
163
80
143
178
93
159
169
96
151
184
94
153
163
89
125
185
94
'153
163
48
127
' 189
92
p 162
p 168
64
133
P 192
P129
' 2, 123 p 2, 202
'2,071
P 2, 153
523
p464
' 1, 548 p 1, 689
366
P368
834
p930
'327
P354
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted combined index
1935-39—100
Manufactures
.
Durable manufactures
Iron and steel
Lumber and products __
Furniture
Lumber
Machinery
__ __
_.
Nonferrous metals and products
Fabricating
_ _
Smelting and refining
_
Minerals
Fuels
Anthracite
Bituminous coal
Crude petroleum
Metals. _
do
do
_. do _ _
do
_
do
do _ _ _
do
do___
._ _ do_.
_ _ _ _
Adjusted, combined indexed
Manufactures
do
_
Durable manufactures
Lumber and products.
Lumber
Nonferrous metals
Smelting and refining
Stone, clay, and glass products
Cement
Clav products
Glass containers... _
. _ __
348
154
152
153
190
134
321
224
226
220
P243
p 295
P240
p 154
pl53
p 148
P109
p 256
p 182
p 185
p 236
pl85
153
382
do
do
do
do
do
do
138
147
83
143
155
do
190
195
199
196
209
211
216
215
218
221
221
222
P222
do
199
204
208
206
218
220
225
224
229
231
232
234
P233
do
do
do
do
do
do
do
do
do.
222
159
150
198
207
200
218
158
222
231
158
149
197
208
203
210
160
223
237
155
144
207
219
210
214
161
234
235
151
140
202
208
212
208
161
244
247
165
151
212
212
212
214
167
215
251
166
150
216
209
215
206
169
225
261
166
150
223
217
229
214
168
262
260
169
155
226
221
227
214
175
247
268
173
162
227
218
235
232
••173
265
268
'171
162
224
219
236
238
189
257
271
169
156
'219
222
'237
245
'185
261
' 277
'169
156
'212
'225
'242
252
' 188
269
p 275
p 165
P 154
p 214
p 225
P247
87
P189
194
195
181
184
195
180
181
197
196
Nondurable manufactures
do ._
201
200
' 199
p 199
203
248
206
184
182
169
172
208
Alcoholic beverages
do
248
207
225
207
P187
269
263
271
284
252
256
261
280
Chemical products
._ __ .
do
277
287
288
' 292
P297
124
120
101
105
115
101
110
108
109
Leather and products
do
115
' 122
118
111
108
91
95
106
Leather tanning
do
102
106
108
101
107
112
105
168
167
162
164
164
164
165
161
167
Manufactured food products _
.do
168
165
' 169 p 170"
152
150
148
153
141
143
Dairy products
do
153
150
145
142
142
146
147
168
155
151
144
147
165
Meat packing..
_
do
157
158
171
162
148
159
161
134
147
147
142
149
148
150
158
147
Processed fruits and vegetables
_ do
161
159
' 176
p 179
'Revised.
P Preliminary.
tData for 1947-49 were revised to incorporate changes in reports on production and sales of farm products. Revised figures for 1947 appear on p. 23 of the April 1950 SURVEY; those for
1948-49, on p. 24 of the January 1951 issue.
cf 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.
SUR\7EY OF CURRENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-3
1950
April
May
June
July
August
1?>51
September
October
November
December
January
February
March
April
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Adjustedd"— - Continued
Manufactures — Continued
Nondurable manufactures — Continued
Paper and products
. 1935-39 =100
Paper and pulp
do
Printing and publishing
do
Tobacco products _ _
_ ___do _
181
174
169
161
180
173
166
168
185
177
170
170
173
166
162
154
191
181
169
197
194
185
172
172
202
193
179
165
201
191
174
171
197
189
175
153
204
192
170
177
207
197
177
179
208
' 197
175
170
*>209
140
98
145
125
151
130
144
124
159
136
163
141
166
141
160
130
157
126
164
130
158
131
158
128
*164
"141
bil. of dol
..do __
do
__do do
do
do
--do
do
-do
35.6
17.2
7.5
9.7
7.4
1.8
5.6
11.1
3.7
7.4
38.7
19.3
8.6
10.7
8.0
2.1
5.9
11.3
3.9
7.4
39 9
19.8
9.0
10.8
8.4
2.3
6.1
11.7
4.2
7.5
42.0
20.3
8.7
11.6
9.0
2.6
6.5
12.7
4.7
8.0
45 3
23.0
10.1
12.9
9.6
2 9
6.7
12.7
4.7
8.0
42 1
21.2
9.4
11.8
8.9
2.6
6.3
12.1
4.4
7.7
41.8
21.2
9.7
11.6
8.8
2.5
6.3
11.8
4.2
7.6
41.4
21.1
9.7
11.4
8.8
2.4
6.4
11.4
3.7
7.7
42. 5
21.3
9.8
11.5
9.0
2.5
6.5
12.2
4.1
8.1
46.7
23.2
10.4
12.8
10.2
2.9
7.3
13.3
4.8
8.5
45.4
22.6
10.3
12.3
'9.6
2.7
r
6. 9
13.1
4.7
8.4
'45.2
23.4
11.0
'12.4
'9.5
2.7
6.7
12.3
4.2
8.1
43.4
22.3
10.5
11.9
9.0
2.5
6.5
12.0
4.0
8.0
Business inventories, book value, end of month
(adjusted), total +
bil. of dol
Manufacturing, total t - -do _
Durable-goods industries!
do
Nondurable-goods industries!
do
Wholesale trade, total
_
do _
Durable-goods establishments
do
Nondurable-goods establishments _ _
do
Retail trade, total
do
Durable-goods stores
_ - do
Nondurable-goods stores
do
52.9
29.4
13.7
15.7
9.4
3.1
6.3
14.1
5.3
8.9
53.6
29.7
13.8
15.9
9.5
3.2
6. 3
14.4
5.4
9.0
54.2
30.0
13.9
16.1
9.5
3.3
6.2
14.7
5.6
9.1
53.2
29.8
13.9
15.9
9.3
3.2
6.1
14.1
5.1
9.0
54 5
29.9
13.9
16.0
9.6
3.0
6.5
15.1
5.5
9.6
56.4
30.7
14.1
16. 7
9.9
3.1
6.8
15.8
5.8
10.0
58.7
31.8
14.4
17.3
10.2
3.3
6.9
16.7
6.5
10.2
60.3
33.0
15.1
17.9
10.5
3.5
7.0
16.8
6.6
10.2
'61.6
34.1
15.8
18.3
10.8
3.6
7.2
16.8
6.6
10.1
63. 4
34.9
16.2
18.7
11.0
3.8
7.3
17.4
6.8
10.6
64.4
35.5
16.7
18.8
11.1
3.8
7.3
17.8
6.9
10.9
'66 5
36.4
17.0
19 4
11.4
4 0
7.4
' 18 6
'7.6
r
11 1
68 3
37.7
17 6
20 2
11 7
4 3
7 4
18 9
7 7
11 2
17, 184
7,644
9,540
18, 649
8,413
10,236
19 426
9,007
10, 418
18, 682
7,951
10, 731
22 802
9,929
12, 872
21 514
9,536
11, 979
22, 832
10, 339
12, 493
21, 256
9,586
11,671
21, 763
10, 104
11, 659
17, 206
7,488
1,884
432
773
1,223
1,333
307
485
360
375
315
19, 309
8,605
2,126
523
878
1,352
1,600
319
570
401
480
356
19, 838
9 030
2,191
566
955
1,385
1,710
310
652
404
481
374
20, 269
8,670
2,178
558
924
1,374
1,459
315
603
409
469
382
22, 956
10 060
2,471
606
1,129
1,554
1,716
410
695
485
540
454
21, 154
9,392
2,345
591
1,116
1,458
1,449
379
656
433
513
451
21, 246
9,671
2,414
599
1,131
1,512
1,547
401
673
437
542
415
21, 112
9,730
2,448
610
1,108
1,544
1,501
402
683
449
566
419
21, 284
9,794
2,591
630
1,096
1,579
1,514
396
640
403
519
425
9,718
2,753
471
246
896
753
264
468
582
1,189
1,565
288
244
10, 704
3,150
542
274
1,012
748
290
513
606
1,334
1,624
321
290
10, 809
3 136
582
277
1 062
663
317
538
602
1,383
1,668
350
231
11, 599
3,245
573
287
1,206
962
349
528
596
1,442
1,738
454
221
12,896
3 257
649
299
1 544
1,256
381
633
615
1,667
1 859
457
280
11, 762
3 038
448
261
1 354
955
335
620
633
1,583
1 853
404
280
11, 574
2,972
434
271
1,293
976
324
656
581
1,550
1,834
405
278
11,382
2,949
390
282
1 290
839
287
668
576
1,529
1 870
397
304
11, 490
3, 147
468
270
1 264
778
270
667
585
1,512
1,827
424
278
12 768
3 559
497
307
1 426
945
338
709
692
1 703
1 791
454
347
_do
do
do
29, 232
13, 704
15, 528
29,507
13, 883
15, 624
29 814
13 974
15 840
29, 796
13 928
15 868
29 742
13 847
15 894
30 418
14 050
16 368
31, 562
14 386
17 176
32 904
14 997
17 907
34 207
15 680
18 528
35 278
r 16 218
19 060
do
do
do
11.049
6,778
11,405
11, 092
6 851
11 564
11 201
6 828
11 785
11 510
6 998
11 287
11 883
7 163
10 696
12 380
7 380
10 658
13 062
7 668
10 833
13 798
1 770
11 336
14 627
8 Oil
11 570
15 026
8 563
11 689
Minerals
Metals
.
-
do
-do _ _
P180
177
BUSINESS SALES AND INVENTORIES!
Business sales (adjusted), totalf
Manufacturing, total tDurable-goods industries!
Nondurable-goods industries!
Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishments
Retail trade, total. - _
Durable-goods stores
Nondurable-goods stores
_
r
r
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS!
Sales:
Value (unadjusted) total
Durable-goods industries
Nondurable-goods industries
mil. of dol
do
__ _ do
Value (adjusted), total
_
do
Durable-goods industries, total
do
Iron, steel, and products
do
Nonferrous metals and products
do _ _
Electrical machinery and equipment do
Machinery, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e.s
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
_ do
Food and kindred products
do
Beverages. ._ _. _ _ _. _
do
Tobacco manufactures
do
Textile-mill products
do
Apparol and related products
_ do
Leather and products
do
Paper and allied products.
do
Printing and publishing
do
Chemicals and allied products
__. do
Petroleum and coal products
do
Rubber products
do
Other nondurable-goods industries
do
Inventories, end of month:
Book value (unadjusted), total..
Durable-goods industries
_ _ _
Nondurable-goods industries _
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
T
r
22 888
10, 174
12, 714
r 23, 166
10 398
2,729
593
1.240
1 755
1, 566
'396
619
461
588
450
T
r
21 808 r 24 388
' 9 891 Tr 11 597
11,917
12 791
22 377
10 780
11 596
' 22, 646 r 23 399
r
10 338 r 10 993
2,642
' 2, 790
r
584
607
1,254
' 1 249
r 1 946
1 802
r
1.550
1 696
M21
'415
586
'659
r
454
537
587
'603
464
' 486
22 327
10 540
2,708
587
1 140
1 928
1 574
446
672
478
544
464
r
r
12 309
3 297
427
300
1 407
882
365
686
731
1 631
1 795
r 434
353
' 12 406
r 3 331
T 426
r 280
r 1 371
r 796
T 337
r 707
r 763
r i 732
r 1 838
462
11 786
3 245
421
281
1 246
633
286
680
727
1 634
1 858
r 363
qlO
r 35 794
16 682
r 19 112
r 36 675
r 17 113
r 19 562
37 693
17 632
90 nfii
r 15 079
r g 976
r 11 739
r 15 298
r 9 375
r 12 002
15 444
9 7 p;n
29, 384
Book value (adjusted), total
do
29, 659
29, 830
29, 858
30, 028
30, 732
31, 770
33, 007
34, 061
34, 928
35, 474 ' 36, 415 37, 746
Durable-goods industries, total
do
14 072
13 784
13, 667
13 888
13 946
13 858
15 782
14 446
1 7 ^7O
15 119
16 248 r ig 660 T T17 ooi
Iron, steel, and products
do
3,012
3,056
3,147
3,191
3, 140
3,308
3,228
3, 431
3,404
3,532
3, 458
3, 519
3,613
992
975
Nonferrous metals and products
do
973
962
965
988
r 1 018
971
959
1 030
1 012
1 016
1 032
Electrical machinery and equipment, -do
1,566
1,614
1,633
1,658
r 2 103
1,630
1 632
1,666
1 902
1 751
2 032
1 968
2 206
Machinery, except electrical
do
3,197
3 225
3 208
3 208
3 228
r 4 063
3 283
3 368
3 519
3 678
3 801
3 932
4 206
1,832
2 191
Motor vehicles and equipment. _
do
1 803
1,833
1, 793
2 321
1 773
1 839
1 935
2' 111
r 2 236
2 232
2 263
Transportation equipment, n. e. s
do
670
659
660
653
663
672
687
r 1 122
1 ififi
754
835
1 012
950
r
556
Lumber and timber basic products
do
569
588
576
550
572
560
583
628
631
'672
678
711
r
654
Furniture and finished lumber products. _do
675
671
664
678
685
677
764
729
798
812
'820
838
r
541
Stone, clay, and glass products
do
536
542
534
538
541
530
550
581
r 626
600
658
687
664
Other durable-goods industries. ..
^do. ._
661
685
675
692
727
743
671
7fi7
713
r 787
r 709.
7Qf»
'Revised.
P Preliminary.
d"See note marked "c?" on p. S-2.
§Tho 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.
fRevised series. Data on manufacturers' sales, inventories, and new orders have been revised beginning 1946. Revisions for 1946-49 and appropriate explanations aoDear on pp. 16-23 of
the October 1950 SURVEY.
SUEVEY OF CURRENT BUSINESS
3-4
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1951
1950
April
May
June
July
August
September
October
November
December
January
February
March
April
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf— Continued
Inventories, end of month— Continued
Book value (adjusted) — Continued
Nondurable-goods industries, total.mil. of dol__
Food and kindred products
do
Beverages
-do _
Tobacco manufactures
do
Textile-mill products
do
Apparel and related products. _ _ _ do
Leather and products
do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber products
do
Other nondurable-goods industries.- _ do
New orders, net (unadjusted), total
Durable-goods industries, total
Iron steel and products
Nonferrous metals and products
Electrical machinery and equipment
__ do _
do
do
do
do
Transportation
equipment, except motor
vehicles
- mil. ofdol
Other durable-goods industries
- do
Nondurable-goods industries
_ _ do _.
Unfilled orders (unadjusted), total*
do
Durable-goods industries
do
Iron, steel, and products
_ _ _ do
Nonferrous metals and products
do
Electrical machinery and equipment _ _ do.. .
Machinery, except electrical
do
Transportation
equipment, except motor
vehicles
mil. ofdol
Other durable-goods industries-. _ . _ _ do_ __
Nondurable-goods industries
. _ do _
15, 716
3, 000
1.028
1.484
2. 064
1, 348
531
714
592
1. 993
2,012
536
416
15, 874
3. 061
1,012
1, 490
2,148
1, 328
546
706
587
2.014
2, 018
540
422
16, 082
3, 042
993
1,482
2,244
1,407
557
704
611
2, 034
2, 018
544
448
15,942
2,831
1,037
1 , 467
2 274
1,448
568
695
601
2,041
2, 046
501
433
16, 000
2,820
1,048
1 , 562
2, 285
1, 455
573
671
593
2, 043
2, 050
483
416
16, 660
2,928
1,118
1 . 680
2, 372
1, 520
589
678
625
2, 108
2, 108
432
17,324
3,113
1,095
1,706
2, 616
1, 575
596
690
628
2. 187
2, 162
524
432
17,887
3.190
1.145
1,717
2, 768
1. 647
60S
699
651
2, 267
2, 180
564
452
18,279
3, 285
1. 130
1,718
2, 838
1,808
601
734
659
2.327
2.169
549
461
17. 182
7, 857
1,901
474
772
1,316
19, 097
8,514
2,178
531
884
1,410
20, 666
9,814
2,493
557
1,035
1,527
22 223
10, 553
2,724
637
934
1, 764
27, 323
13. 863
3,277
814
1.572
2 197
23, 760
11,500
2 989
683
1,423
1,948
24, 704
12.171
2, 9'0
666
1,439
2 016
22, 371
10,621
2 638
661
1. 257
1 935
23. 160
11.379
3,047
554
1,480
2,260
333
3, 060
9,325
232
3,279
10, 582
543
3, 660
10, 852
1,102
3,392
11, 670
1.600
4.404
13, 460
692
3, 765
12, 259
800
4. 300
12, 533
483
3, 646
11, 750
504
3, 534
11,781
21,770
18, 662
5,488
481
2,164
3,147
22, 218
18, 763
5, 566
497
2,215
3,194
23, 458
19, 569
5, 866
506
2,308
3, 277
26, 998
22, 171
6, 593
679
2,434
3,758
31. 519
26, 105
7,348
914
2,940
4,433
33, 764
28, 070
7,923
1.006
3, 250
4,909
35, 636
29, 902
8, 286
1,029
3,477
5,363
36, 728
30, 914
8. 540
1.031
3,594
5,818
38,125
32, 190
8,990
915
3,850
6,389
3,103
4,278
3,109
3,015
4,276
3,455
3,215
4,398
3,888
4,030
4, 678
4,827
5,255
5.214
5,414
5, 566
5,414
5, 694
5, 971
5,776
5, 734
6,068
5,864
5.814
6,143
5,904
5,935
509
18, 681
3, 374
1, 162
1, 679
3, 005
1. 786
652
778
689
2.370
2, 134
564
488
r 18, 814
3, 435
1,202
1, 642
3, 046
1,768
598
791
710
2, 424
2. 133
'557
507
r 28, 860
r 25, 403
' 15. 123 ' 13, 153
3,517
3, 014
658
602
1, 527
1, 601
2 641
2 819
r
2, 395
4, 384
13, 738
r 44, 097
' 37, 138
9, 800
990
4,187
7,372
r
8 157
6, 633
6, 959
' 19, 414
' 3, 618
r I 262
1,658
'3. 110
T
1,854
r
616
r
833
r
723
r 2. 505
' 2, 164
556
''514
r
f
28, 574
15.478
T
3, 639
r
696
r
1,780
r
2 982
r
1,970
r
4. 418
4,040
' 12, 250 ' 13, 097
r 1,077
' 47. 691
'40,400
10,322
1,030
4, 564
8, 464
r
r
«- 8, 847
7,172
7,292
T
r
20, 176
3, 846
1,295
1,686
3,270
1,920
642
867
720
2, 606
2,234
535
23, 684
12, 551
3, 127
702
1, 371
2,594
691
4,065
11,133
51.878
44, 281
11,022
1.082
T
5, 006
r
9, 412
53, 186
46, 052
11,417
1,182
5, 210
10,045
10, 354
7, 404
7, 597
10 581
7, 616
7,134
T
r
T
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER t
Operating businesses, total, end of quarter. _thous._
do
do
do
do
do
3, 986. 1
362. 4
303. 5
854. 4
1, 686. 2
203. 9
575. 8
3, 997. 7
366 9
303. 3
856 2
1, 686. 4
204.8
579.9
New businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
114 0
22.3
12.2
20.1
40.3
4.6
14.5
95 2
14 8
10.4
17.8
35 3
4.3
12.5
Discontinued businesses, quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
_ _
do
do
do
do
do
do
do
96.4
10.4
11.2
20. 1
40.0
3.9
10.7
83.6
10.3
10 5
16 0
35.1
2 3
8. 4
Business transfers, quarterly total
do
86.7
88.2
IVIanufacturing
Service industries
Retail trade
Wholesale trade
All other
p 3, 992. 9
P 368 6
p 302 1
T 855 2
p 1, 678. 3
v 205 2
f 583 5
80
12
9
15
27
3
12
•p
f
p
P
p
7
2
6
4
7
7
2
85
10
10
16
35
p3
p8
—
5
5
8
4
9
4
6
67 0
BUSINESS INCORPORATIONS
New incorporations (48 States)*
number _ _
8, 375
9, 216
8, 861
7,191
7. 201
6,277
6, 782
6, 256
6. 780
8,515
6, 590
7, 649
7, 653
number
do
do
do
do
do
806
44
76
195
398
93
874
62
80
197
426
109
725
67
61
167
363
67
694
62
65
151
343
73
787
51
91
173
402
70
648
43
75
147
314
69
707
64
91
150
339
63
683
67
87
150
310
69
679
67
62
143
330
77
775
63
97
132
410
73
599
59
60
107
304
69
732
69
83
I1 5
88
693
52
81
119
365
76
Liabilities total d71
thous of dol
Commercial service cf _ _ _ _ _
do
Construction
do
Manufacturing and mining . _ _ _
do
Retail trade
do
Wholesale trade
do
21 250
819
22. 672
1,474
2, 129
7.470
8, 650
2. 949
18, 072
1, 572
1. 533
7. 244
5. 154
2, 569
19. 538
1. 495
1. 619
8. 633
5. 251
2, 640
448
077
233
"5
085
oos^
15 254
1,450
1.303
5. 855
4. 775
1,871
16 64Q
9. 009
2, 410
5. 949
4. 6X3
1, 598
18 864
1,742
2 726
8.412
4, 235
1,749
21 044
3 205
4 748
5' 352
5, 479
2, 260
685
482
393
175
376
259
16 009
1 399
17 652
1 375
3 292
5 169
5 605
2,211
17 064
1 055
2 268
5 894
5 647
2,200
INDUSTRIAL AND COMMERCIAL
FAILURES
Failures, total d71
Commercial serviced1
Construction _ _
Manufacturing and mining
Retail trade
_ _ _ _ _ _ _ _ _ _ _
Wholesale trade
r
1. 465
7. 980
7, 179
3.807
18
2
1
7
5
o
21
1
2
5
10
2.
9 9
28
6 134
4 357
1,891
Revised.
p Preliminary.
fRevised series. Sec corresponding note on p. S-3.
*Ncw series. For data on unfilled orders beginning 1946, see p. 22 of the October 1950 SURVEY. Data on new incorporations are compiled by Dun & 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 the May 1950~SuRVEY.
JThe number of operating businesses has been revised to reflect revisions in the number of new businesses beginning with the fourtrTquarter of 1947 and in the number of discontinued
businesses beginning with the fourth quarter of 19!8. Revisions prior to the third quarter of 1949 will be shown later.
cf Data are from Dun & Bradstreet, Inc. Scattered monthly revisions for the indicated series are shown on p. S-4 of the February 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-5
1950
April
May
June
July
August
1951
September
October
November
December
January
February
March
April
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!!- ._ 1910-14 =100-Crops
do
Food grains
_do _
Feed grains and hay _
___
do . _
Tobacco
.
__
do
Cotton
__ _
_ __
-do_ .
Fruit
.
do
Truck crops
do
Oil-bearing crops
do
Livestock and products
do
Meat animals
do
Dairv products do
Poultry and eggs
do
241
225
227
181
389
242
206
205
239
256
312
235
161
247
223
230
190
387
246
195
178
248
269
342
230
154
247
225
218
190
388
251
207
182
254
268
342
227
156
263
236
226
195
387
278
211
200
267
287
371
232
173
267
239
224
193
399
311
200
164
293
292
369
240
191
272
243
221
194
428
336
217
126
303
298
372
248
196
268
238
219
188
426
327
207
138
300
296
358
261
201
276
250
224
192
428
346
194
188
351
299
357
267
209
286
258
233
202
436
339
202
211
366
311
360
272
249
300
275
240
214
442
347
192
324
374
323
391
286
203
313
283
254
222
440
351
204
333
379
340
425
285
205
311
276
245
221
437
359
202
265
386
343
428
280
217
309
275
247
222
438
363
209
225
385
340
498
273
Prices paid:f
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.-
240
239
240
244
212
246
245
243
247
247
245
249
248
248
249
252
252
251
253
254
251
255
256
254
257
257
257
269
260
264
267
265
270
272
269
274
273
269
276
250
254
255
256
258
260
261
263
265
272
276
280
283
-do _
96
97
97
103
103
105
103
105
108
110
113
111
109
All commodities (U. S. Department of Commerce
index)
1935-39-100
184.1
185.7
187.3
190.0
190.8
192.6
193 9
194 9
198 4
202 4
204 9
205 8
205 8
Coal (U. S. Department of Labor indexes):
Anthracite
Oct. 1922-Sept. 1925 = 100__
Bituminous
_
_ _
_
do _-..
154.2
165.6
147.2
160.9
147.4
160.2
150. 3
160.5
153.9
162.4
155.8
164.0
157. 4
166.6
158.6
167. 0
159.7
167.3
160.3
167.9
168.3
168 7
170.0
168 9
169.1
168 6
Consumers' price index (U. S. Dept. of Labor):©
AllitemsO
1935-39 = 100
Apparel
_
do
Food
. ... _
...
..
do
Cereals and bakery products
do
Dairv uroducts.
_ _
do
Fruits and vegetables
do
Meats, poultry, and
fish
_do
Fuel, electricity, and refrigeration
do
Gas and electricity
do
Other fuels
_
_
do
Housefurnishings
do
RentO
__do
Miscellaneous
do
168.5
184.9
197.3
169.3
179.6
198.9
231.1
140.3
97.0
192.8
185.4
130.1
154.7
169.3
184.7
199.8
169.8
178.3
202.2
240.2
138.8
96.9
187.6
185.0
130.6
155.1
170.2
184.6
203.1
169.8
177.8
209.3
246. 5
139. 1
96.8
189.0
184.8
130. 9
154.6
172.0
184.5
208.2
171. 5
180.7
211.5
255.7
139.4
96.9
189.9
186.1
131. 3
155.2
173.4
185. 7
209.9
175.5
184.3
193.4
260.7
140.2
96.8
192.9
189.1
131.6
156.8
174.6
189.8
210.0
176.9
186.9
186.0
261.0
141.2
96.9
196.1
194.2
131. 8
157.8
175 6
193.0
210.6
177.2
191.9
189.8
253.3
142.0
96.8
199.2
198.7
132.0
158.3
176 4
194.3
210.8
177.6
192.8
195. 7
250. 3
142.5
96 8
200.8
201.1
132.5
159.2
178 8
195 5
216. 3
177 7
194.0
203.9
253.4
142.8
96 8
201 7
203 2
132 9
160 6
181 5
198.5
221.9
185.4
202.6
214.1
263.6
143.3
97.2
202.3
207.4
133.2
1G2. 1
183 8
202 0
226 0
187 1
204 4
224.3
270 1
143.9
97 2
204 5
209 7
134 0
163 2
184 5
203 1
226 2
187 5
204 6
217.1
272 2
144.2
97 2
205 0
210 7
134 7
164 3
184 6
203 6
225 7
188 3204 1
214. 8
272 6
144.0
96 9
205 0
211 8
135 1
164 6
Parity ratiof 9
- ---
-
-
915
RETAIL PRICES
r
WHOLESALE PRICEScf
U . S. Department of Labor indexes:}
All commodities- __
1926=100
Economic classes:
Manufactured products
do
Raw materials-. _
do
Semimanufactured articles
do
Farm products .
.._
do
Grains
do
Livestock and poultry _ _ _ _ _
_
do
Commodities other than farm products. _do
152.9
155.9
157. 3
162.9
166.4
169.5
169.1
171.7
175 3
180.1
149.4
162.5
143.9
159.3
169.6
178.0
151.2
152.2
166.3
145.6
164.7
172.3
194.6
153.7
153.5
167.7
148.4
165.9
169.3
197.5
155.2
158.0
175.8
152.9
176.0
173.5
215.8
159.8
161.2
179.1
159.2
177.6
167. 7
217.3
163.7
164.0
181.8
165.7
180.4
166. 5
211.3
166.9
163.5
180.2
169.3
177.8
165.3
198.7
166.9
165.1
184.5
173.0
183.7
172 1
197.3
168.8
168.9
187.1
178.1
187.4
180 9
204.9
172.3
173. 1
192.6
185.0
194.2
186.6
222.2
176.7
155.3
145.9
141.1
137.6
200.6
159.9
146.0
138.0
139.2
217.1
162.1
145.6
135.9
140.5
223.7
171.4
151.2
141.8
137.0
240.7
174 6
154.9
148 0
132.0
240 2
177.2
155.5
154.7
131.0
241.0
172 5
153.8
160 8
129.5
223.7
175 2
154 1
164 1
140.4
223 4
179 0
157 7
164 4
138.0
233 7
Commodities other than farm products and
foods
1920- 100
Building materials
__
do
Brick and tile
do
Cement
do
Lumber _ _ _ _ _ _ _ . do
Paint and paint materials
do
146.4
194.8
163.4
134 9
299.4
136.7
147.6
198.1
163.9
134.9
310.8
136.8
148.8
202.1
164.3
134.9
322.6
137.7
151.5
207.3
167.4
135.3
338.0
138.6
155 5
213.9
167 8
135 5
357.6
142.4
159.2
219.6
168.7
136 3
371. 5
145.9
161.5
218 9
178 1
140 2
358.4
145.7
163.7
217.8
178 5
140 8
347.6
148.2
Chemicals and allied products. .
do
Chemicals
do
Drugs and pharmaceutical materials-do
Fertilizer materials
do
Oils and fats
__
do
117.1
116.4
122.0
117.4
127.5
116.4
116.5
122.3
116.8
122.2
114.5
117.3
122.7
108.4
111.9
118.1
119.3
129.1
110.1
125.7
122.5
122.1
135.0
112.1
141.5
128.6
125.4
153.4
111.4
163.9
132.2
131 6
161.1
111.2
160 3
Fuel and lighting materials
Electricity
Gas
___
Petroleum and products
do
do
do
do
131.2
67.8
86.8
109.5
132.1
66.6
87.2
112.6
132.7
67.0
87.3
113.9
133.4
67.0
88.3
115.5
134.4
65. 5
88.1
116.8
135.1
65.6
89 0
117.8
Hides and leather products
Hides and skins. ._
Leather
Shoes. __
__
_ _
do
do
do
do
179.4
187.2
179.1
184.3
181.0
194.4
179 3
185.0
182.6
202. 1
180 6
184.8
187.2
219.8
185 3
185.8
195.6
238.2
192 3
191 4
202.9
264. 7
196 8
194 8
Foods
Cereal products
Dairy products
Fruits and vegetables _
Meats, poultry, and
fish
do
do
do
do
do
183 6
184 0
183 5
175. 5
199 1
187.1
202 6
192 0
238 2
179. 2
175.8
r 199 4
187.5
203 8
188 0
241 2
179.3
175.9
197 7
186.9
202 6
189 1
240 9
179.0
182.2
163. 0
171 5
136.1
242 7
187 6
166 3
173 0
142 4
255 2
186 6
164 5
170 3
139 9
254 5
185 7
164 5
166 6
139 3
255 1
166 6
221 4
179 9
141 2
348 4
154.9
170.3
226.1
180 7
147 2
356 8
162.1
171 8
228 1
180 s
147 1
359 8
164 0
172
228
ISO
147
361
164
4
5
8
1
2
4
172 1
228 5
180 8
147 1
361 0
164 7
135.6
134 3
163.8
112.0
171 5
139.6
136 1
175.1
115.6
180.9
144.5
138 1
184.4
118.1
200 4
147 3
139 0
185.2
118.1
217 3
146 4
138 2
185. 1
118.1
214 6
144 3
138 2
184.5
117.8
198 7
135.4
65.2
88 9
118. 0
135. 6
65 5
90 5
118 1
135.6
65 7
90 2
118.0
136.4
65.7
90 0
119.4
138.1
66 4
92 2
119 4
138.6
138. 1
208.5
266 3
201 3
200 3
211.6
269 3
204 9
204 0
218.8
277 5
213 8
209 4
234.8
318 2
224 8
219 4
r
r
r
r
238. 2
317 8
229 1
r 224 6
93 8
120 3
120 0
236. 2
313 0
r 229 2
r 222 0
232. 6
297 8
228 7
222 1
r
r 175 4
Housefurnishing goods.
_ _
do
r 178 8
146.9
146.6
159 2
153.9
148.7
169 9
166.9
145.8
163 8
174 7
179 9
154.1
154.2
Furnishings
do
168 1
156 2
162 8
152.6
186 2
ISO 2
173 7
176 6
186 9
195 5
193 4
r
Furniture
_
do
139.4
138.9
ir>3 9
r] 63 9.
162.7
159.2
156.7
153.5
149.9
144.6
141.0
138.8
1 63 2
T
Revised.
fRevised series. Beginning with the February 1950 SURVEY, data have been revised (effective back to 1910) to reflect changes prescribed in the Agricultural Acts of 1948 and 1949- revisions
for 1910-48 are shown on p. 36 of July 1950 SURVEY.
§ May 1951 indexes: All farm products, 305; crops, 271; food grains, 244; feed grains and hay, 223; tobacco, 438; cotton, 357; fruit, 194; truck crops, 239; oil-bearing crops, 380; livestock and
products, 335; meat-animals, 418; dairy products, 270; poultry and eggs, 221.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
©Revised basis, using new sample of items and adjusted weights. The adjusted indexes were linked to the "old series" at January 1950; that is, indexes originally published for
January 1950 Were not changed (except for "rent" and "all items"). Revisions prior to 1950 for "rent" and "all items" are available upon request. The "all items" index for April 1951 on the
old basis is 184.5.
cf For actual wholesale prices of individual commodities, see respective commodities.
ilndexes 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 1949 were corrected in the August 1950 SURVEY and for June-December 1948 in the August 1949 issue.
Corrected indexes for January-May 1948 and 1949 are available upon request.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1951
1950
May
April
June
July
August
September
October
November
December
January
February
March
April
COMMODITY PRICES—Continued
WHOLESALE PRICESd"— Continued
U. S. Department of Labor in dexes:J— Continued
Commodities other than farm prod., etc. — Con.
Metals and metal products
1926=100
Iron and steel
do_
Nonferrous metals
do
Plumbing and heating
do
Textile products
Clothing
Cotton goods
Hosiery and underwear
Rayon and nylon
Silk
Woolen and worsted goods
Miscellaneous
Tires and tubes
Paper and pulp
__
169.7
168.5
136.3
156.4
171.9
169.4
148.4
156.3
172.4
169. 8
150. 6
156.5
174.3
171.0
156.3
164.6
176.7
172.2
166.1
166.9
178.6
173. 2
173.3
177.2
180.4
174.0
181.7
182.5
184.8
182.1
182.5
183.6
187.5
185.7
187.9
183.7
188.1
185.7
191.1
183.7
188.8
' 185.6
183.5
183.7
188 9
185. 6
184 1
183. 7
do__do
- - do
do
__
do
do
do. _ _
_
168.7
168.9
128.9
154.7
136.4
144.2
172.8
97.7
39.9
49.1
146.1
136.1
143.8
172.0
97.7
39.9
49.3
146.2
136.8
143.8
173.8
97.7
39.9
49.3
148.3
142.6
144.3
190.7
99.2
40.7
60.3
150.9
149.5
145.2
206.8
101.2
4L3
65.6
157.7
158.3
146.7
221.6
105.3
41.7
64.9
178.7
163.1
147.7
225.7
109.2
42.5
65.3
188.9
166.7
151.4
231.7
111.4
42.7
69.0
192.5
171.2
155.4
236.1
113.7
43.0
75.0
195.3
178.2
161.6
239.2
115.2
43.1
86.1
217 A
' 181. 1
163.9
240.5
113.8
43.1
90.8
' 227. 3
' 183. 2
163.9
239. 9
113.8
43.1
90.8
' 240. 2
182.9
163 9
236. 2
113 8
43.1
85 4
243.7
.do
do _ - do
112.6
65.0
155.4
114.7
65.8
155.4
114.7
67.0
155.6
119.0
68.7
159.9
124.3
75.0
163.9
127.4
77.4
167.1
131.3
78.1
173. 4
137.6
82.3
178.7
140.5
82.5
189.0
142.4
82.8
196.5
142.7
82.8
196.5
142.5
82.8
196.3
142 7
82 8
196.2
52.6
59.3
50.6
51.6
59.1
50.0
51.2
58.8
49.2
49.4
58.1
48.0
48.3
57.7
47.6
47.5
57.3
47.6
47.5
56.9
47.5
46.8
56.7
47.4
45.8
55.9
46.2
44.6
55.1
45.1
43.8
54.4
44.2
43.7
54.2
44.2
43 8
54 2
44 3
- _
PURCHASING POWER OF THE DOLLAR
As measured by —
Wholesale prices
Consumers' prices
Retail food prices
_
1935-39= 100. .
_ _ _ do
do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY!
Nsw construction total
mil of dol
' 2, 007
Private, total
do
Residential (nonfarm)
_ __do.-.
New dwelling units
do
Additions and alterations
do
Nonresidential building, except farm and public
utility, total
mil. of dol
Industrial
_
do
Commercial
do
Farm construction
do
Public utility
do
' 1, 478
' 881
••799
70
Public, total
do .
Residential
do
Nonresidential building.
do
Military and naval
do
Highway
_.
_
_
do
_
Conservation and development
do
Other types _ _ _ .
_ _ _ _ _ _ _ __do_ _.
'529
28
'183
9
'164
"•249
70
r77
'94
'243
r 72
73
r
2, 278
' 2, 565
' 2, 696
' 2, 817
' 2, 848
' 2, 773
' 2, 569
' 2, 234
' 2 100 ' 1 973
r 2 188
2 370
'1,694
' 1, 036
'941
82
' 1. 892
' 1, 178
' 1, 072
92
'2,016
* 1, 269
' 1, 161
93
' 2, 090
' 1, 322
' 1, 212
93
' 2, 095
' 1, 322
'1,211
94
' 2, 025
' 1, 247
' 1, 145
84
'1,901
'1,131
' 1, 040
73
' 1, 721
' 1, 003
'923
62
' 1, 586
'902
830
' 55
' 1 603
' 852
775
' 61
1 673
882
795
71
274
73
92
'109
'262
'305
78
110
'118
'278
'324
84
116
'125
'287
'333
'91
114
'127
'297
'354
101
121
'115
'297
'382
'112
'136
'95
'294
'403
'120
'149
'81
'279
'395
125
' 140
'71
'584
'673
28
'201
'9
'266
'87
'82
'680
24
'202
10
'23
' 86
'85
'727
27
'213
16
'295
' 87
'89
'753
28
'230
' 21
'298
'84
'92
'748
30
'247
28
' 265
' 84
'94
'668
31
'228
26
' 221
' 76
'86
'513
'30
' 216
' 24
' 103
r 27
'203
8
'188
'81
'77
r 247
r 65
' 75
' 1,518
'827
750
'60
'378
'129
122
' 72
'229
'384
135
121
' 76
'226
' 399
142
83
' 264
407
150
125
95
283
' 514
' 33
' 224
' 29
' 95
r 60
' 73
'455
' 585
' 42
' 251
' 39
110
' 64
' 79
697
44
274
60
160
73
86
r 36
' 210
29
65
49
' 66
r 128
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
60, 658
65, 305
Total projects number
59, 616
50, 284
60, 942
70, 449
46 856
49, 604
40 168
42 057
38 121
48 376
49 498
Total valuation
thous. of dol__ 1, 350, 496 1, 347, 603 1, 345, 463 1, 420, 181 1,548,876 1,286,541 1,135,815 1,087,062 1, 168. 432 1,043,248 1, 140. 527 1, 267, 450 1, 374, 991
459 Q21
Public ownership
do
428, 264
354, 115
364 298
388 643
308 118
437 770
320 426
381 330
305 941
332 032
418 457
Private ownership
do
917, 199
996, 381
922 243
958, 960
960 260 1 111 106
827 697
787 102
766 636
808 495
737 307
848 993
9is' 672
Nonresidential buildings:
Projects
number. _
5,204
5,090
4,998
5,094
5, 085
5,987
4,868
4,532
4,830
4,614
3,198
4,222
4,259
45 254
Floor area
thous of sq ft
40 482
43, 071
47 458
41 472
46 580
42 583
51 741
40 069
43 971
43 301
37 099
AP.Q 9K/1
Valuation
thous of dol
448 619
498 725
443 996
408 543
487 115
426 820
434 894
540 989
490 375
461 016
431 166
Residential buildings:
Projects
number
52 568
57 843
52 989
42 906
42 960
53 268
62 025
40 368
34 152
32 455
37 742
42 497
84 937
Floor area
thous of sq ft
84 964
65 069
77 850
84 323
64 945
89 033
56 353
60 810
49 300
60 859
Valuation
_
thous. of dol._ 674, 836 674, 604
628, 051
549, 585
529, 867
754, 106
675, 080
496, 682
478, 583
420, 918
53l[ 146
574, 569
590, 848
Public works:
Projects
number _ _
1,608
2,156
1,807
1,812
1,445
2,133
1,151
1,235
2,020
773
838
1,318
1,583
Valuation
thous. of dol
221, 654
177, 334
199, 239
145, 728
119,633
208, 648
106, 572
200, 431
160, 227
128, 536
123, 962
166, 435
183, 080
Utilities:
OOQ
Projects. .
number
442
451
423
472
456
369
333
385
417
279
279
qo 7753
Valuation
thous of dol
65 217
51 762
92 503
49, 707
59 495
49 338
39 247
48 914
53 350
M O CO
Value of contract awards (F. R. indexes) :
OQA
Total, unadjusted.
1923-25=100
329
325
334
323
r qfl7
346
276
351
285
268
272
Residential, unadjusted. _
do .
358
348
358
332
372
272
285
r Q07
358
253
259
276
qoq
Total, adjusted
do
291
274
284
321
r qA4
325
334
299
306
332
333
qi i
Residential , adjusted _
do
325
298
303
r 9Q9
332
369
362
294
284
297
312
Engineering construction:
Contract awards (E. N. R.)§
thous. of dol_.
885, 044
Highway concrete pavement contract awards:©
Total
thous. of sq. y d _ _
Airports .
_
do
Roads
do
Streets and alleys
do
5,032
425
2. 126
2.481
931, 153 1, 253, 720 1, 175, 138 1, 164, 682
7,094
460
3 457
3.177
8,351
580
4 604
3.167
5,832
924
2 901
2.708
6,589
190
2 890
3 509
l
959, 530
4,114
477
1 333
2.304
950, 526 1,012,046 1,424,619 1,266,892 1, 271, 065 1, 406, 456 1, 053, 434
1
3,605
50
1 634
3,084
299
1 314
3, 738
i 28
i 2 065
5,650
1.Q90
1 471
1 1 R4*
9 9K9
900
4,836
1 999
1 O1 A
4,920
4,959
1, 957
' Revised.
Data include some contracts awarded in prior months but not reported.
cfFor actual wholesale prices of individual commodities, see respective commodities.
JSee note marked "J" on p. S-5.
tRevised series. Data cover items not previously included; annual data beginning 1915 and monthly data beginning 1939 are available in the "Statistical Supplement" to the May 1951
Construction and Building Materials Report; the figures from 1949 forward, as shown in the May 1950 issue of this report, have since been revised; revisions beginning April 1950 are as
§Data for June, August, and November 1950 and March 1951 are for 5 weeks; other months, 4 weeks.
GData for May, August, and November 1950 and January 1951 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
June 1951
S-7
1«)51
1950
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
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U S Department of Labor)
number.
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, totalj
numberPrivately financed, total.
do
Units in 1-family structures
do
Units in 2-f amily 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
133, 400
149, 100
144, 300
144, 400
141, 900
120, 600
87, 300
93,600
85, 900
56, 873
55. 210
43, 761
2,323
9,126
1,663
49, 129
44, 588
36, 244
2,056
6,288
4,541
59, 551
44, 697
34, 810
1,747
8,140
14, 854
»• 52, 252
' 49, 106
* 39, 346
-2,815
«• 6, 945
3,146
286.9
433. 7
581.2
348.8
322.8
235. 2
334.7
507.8
224.6
231.2
r
r
r
r
T
295. 5
440. 2
617. 5
340. 5
300. 5
299.8
430. 6
651 4
296. 1
283 7
232. 9
' 234. 6
r
234. 7
357
235.9
92, 086
88, 814
69. 377
3. 859
15, 578
3,272
83, 657
82, 934
66, 885
2,828
13, 221
723
84, 147
79, 473
64, 586
3,118
11, 769
4,674
83, 181
79, 140
61, 740
2,992
14, 408
4,041
62, 500
58, 172
46, 498
2, 236
9, 438
4,328
480. 5
527. 5
890. 1
304. 2
292. 3
531.0
603.9
1,031.1
337.4
335.3
481.2
597.7
926.1
398.6
376.4
484.8
608.7
949.8
404.5
371.8
479.7
627.3
967.6
426.9
382.6
359.4
484.6
716. 8
343.2
329.8
327.7
497.3
663.7
425.1
311.9
274.1
404.4
558.6
323.4
268.6
322.1
460.2
654. 3
374.8
249.7
' 210. 3
•• 215. 4
r 217. 6
' 221. 0
' 225. 0
r 226. 5
330
' 226. 7
' 227. 6
f 230. 4
339
82, 954
81. 188
63. 382
3. 237
14, 569
1,766
r
r
r
r
T
r
102, 500
r
93, 000
80, 600
' 43, 602
r 39, 749
r
32, 962
2,103
r
4, 684
T
3, 853
r
88, 000
53, 943
50, 475
41, 183
2,808
6,484
r
3, 468
54, 199
50, 752
42, 696
2,843
5, 213
3,447
CONSTRUCTION COST INDEXES
Department of Commerce composite*
1939=100..
Aberthaw (industrial building)
1914=100
American Appraisal Company:
Average 30 cities
1913=100
Atlanta
do
New York
do
San Francisco
..
. . do_.
St Louis
do
Associated General Contractors (all types).- -do
E. H. Boeckh and Associates, Inc.:
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete- _U. S. avg. 1926-29=100..
Brick and steel
_ _ _ .__
do.
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
_ _ __.
...do .
Brick and wood
do
Frame__
_ do
Steel
..
...do .
Eesidences:
Brick
do
Frame
.
do
Engineering News-Record :d"
Building
1913=100.
Construction
__
. _ _ _ do. _
Bu. of Public Roads— Highway construction:
Composite standard mile
1925-29=100
311
r
488
511
497
447
476
346
490
511
497
452
476
346
498
518
504
459
485
349
502
519
514
465
488
357
508
526
522
473
495
366
513
536
531
478
499
369
515
542
534
479
502
371
514
541
535
475
501
371
517
543
536
477
504
371
523
550
541
484
511
374
524
550
542
485
511
374
525
550
542
485
512
376
527
556
544
488
512
376
211.3
211.3
218.1
214.4
214.5
224 .4
215.6
215.8
227.2
218.0
218.6
230.8
219.5
220.7
234.6
220.4
221.4
234.3
220.9
221.9
233.2
222.9
223.9
233.7
224.7
226. 4
236.9
228.2
229.9
240. 1
229.6
231.6
242 7
230.5
232.6
243 3
230.7
232 8
243 6
214.0
212.1
214.4
221.7
199.2
217.1
215.7
219.8
229.1
201.7
218.3
216.9
222.4
232.5
202.3
220.3
219.0
225.4
236.4
203.8
221.4
220.7
228.4
241.5
205.1
222.3
221.3
228.4
240.7
205.8
222.9
221.5
227.9
238.9
206.2
224.8
223.4
229.3
237.9
208.2
226.3
225.9
232.4
241.3
211.0
230.0
230.0
235. 6
244.5
215 6
231 3
231.9
238 1
247.1
217 7
232.1
232.6
238 7
247.7
218 4
232
232
238
248
218
218.5
216.7
224.9
223.7
227.7
226.7
231.3
230.5
235.1
235.1
234.8
234.5
233. 7
233.0
234.2
232. 7
237.4
236.1
240.5
239 1
243 1
241 7
243.7
242 3
243 8
242 5
364.3
496.6
373.0
506.5
376.9
511.9
383.1
521.4
392.8
530.4
396.2
534.4
388.9
527.9
390.1
528.7
391.8
530.7
397 0
536. 7
398 0
537 9
398 8
538.7
402 7
543 9
140.0
155 7
146 2
2
7
9
0
5
159 7
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted..
1939=100.
Adjusted
do
147.5
148.4
166.7
157.6
171.5
160.3
162.3
152.5
192.2
169.8
179.3
166.8
186.2
168. 1
173.2
174.8
155.6
176.0
r
r
155 4
182 0
r
141 5
r ]71 5
* 167. 2
* 176 9
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: New premium paying
183, 559
178, 000
182, 568
172, 453
241, 423
235, 742
thous. of dol.
204, 030
217, 594
216, 154
180, 081
224, 671
175, 821
161, 584
234, 070
218,315
Vet. Adm.: Principal amount*
do
214, 433
217, 610
324 755
268, 611
332, 201
350, 366
356, 491
258, 401
293 236
360 574
298 950
Federal Home Loan Banks, outstanding advances
752
442
365
506
336
to member institutions
mil. of dol
632
816
767
700
730
762
747
758
New mortgage loans of all savings and loan associa517, 163
490, 324
422, 553
tions, estimated total
thous. of dol
556, 469
527, 967
449 963
467 585
393 857
370 681
440 210
384 008
437 967
351 142
By purpose of loan:
188, 938
189, 363
180, 762
Home construction. _. _ _
do
151, 627
183, 493
123 134
145 422
140 655
117 079
141 496
129 183
140 567
112 008
214, 412
223, 617
197, 761
168, 381
Home purchase
.do
248, 089
163 447
219, 001
213, 888
182 978
190 539
193 359
153 984
148 9? 6
38. 887
39, 517
Refinancing
do
35, 683
42, 093
32 002
43, 410
34 415
36 579
34 827
40 879
38 786
39 685
34 47°
21, 853
22, 461
22, 890
20, 014
Repairs and reconditioning. _
do
25, 575
]fi 951
13 804
13 693
20 220
16 948
13 311
16 285
12 638
53, 073
49, 394
50, 433
46, 848
All other purposes
do
55 902
44 054
41 939
39 883
48 115
50 348
48 744
48 071
43 087
New nonfarm mortgages recorded ($20,000 and
under), estimated total _ _
thous. of dol 1,171,148 1, 377, 918 1, 465, 469 1,470,812 1, 624, 913 1 497 824 1,544 410 1 457 073 1 320 895 1 331 083 1 182 753 1 369 284 1 370 848
12.9
14.1
14.1
14.6
13.7
Nonfarm foreclosures, adjusted index 1935-39 =100.
11.9
13.7
13.1
12.1
12.8
12.9
12.6
52, 980
57, 116
58, 765
61, 605
Fire losses
thous. of dol.
49, 878
45, 922
49, 953
55, 790
66 820
71 507
68 686
62 965
69 136
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
Printers' Ink, combined index
1935-39= 100. _
311
323
331
333
318
336
365
377
371
394
388
377
393
Magazines
do
324
316
327
321
341
338
342
342
344
319
347
343
338
Newspapers
do
306
325
317
320
297
310
322
344
302
314
337
296
338
Outdoor
_
do
296
288
328
290
302
327
359
360
372
356
327
380
340
294
294
273
Radio
do
288
269
278
282
287
272
283
281
280
286
Tide advertising index. . . _ _ _
.do
309.5
311.7
309.9
280.0
317.2
298.8
308.8
309.1
290.1
318.8
324.2
335.5
332.9
Radio advertising:
Cost of facilities, total
thous of dol
15, 909
16, 576
15, 146
12, 293
12, 559
13, 931
16, 170
15, 794
15, 833
16, 691
14, 958
16, 440
15, 922
Automotive, incl. accessories
do
614
411
288
357
297
325
355
339
399
321
508
378
385
Drugs and toiletries
___
_ do. _
4,108
4,431
4, 193
3,349
3,648
3, 969
4, 649
4,415
4,695
4, 082
4,277
4,452
4,536
Electric household equipment..
do
145
136
142
167
148
136
142
142
134
147
144
128
139
Financial^_ _ . _ do
226
216
249
238
239
244
234
228
259
251
248
303
276
Foods, soft drinks, confectionery
do
3,513
4,348
4,756
4,366
3,371
3,843
4,341
4,319
4,240
4,681
4,233
4,683
4,437
Gasoline and oil--. do
409
370
391
467
475
469
545
505
563
574
549
520
465
Soap, cleansers, etc
do
1,947
1,791
1, 310
1,811
1, 664
1,431
1,877
1,786
1,831
1,813
1, 625
1, 659
1, 647
Smoking materials.
do
2,068
2,101
1,831
1,577
1,562
1,540
1,781
1. 853
1,844
1,797
1, 698
1,958
1, 901
All other§
do
2,229
1.429
2,116
1,826
1.387
1.742
2. 237
2.217
2. 332
2. 179
2. 104
2 315
9, 13fi
' Revised.
» Preliminary.
1 Data for May 1951, 97,000.
JMinor revisions in number of dwelling units beginning January 1947 are available upon request.
*New series. Details regarding the Department of Commerce construction cost index and data prior to April 1950 are available in the "Statistical Supplement" to the May 1951 Construction and Building Materials Report. Data on home mortgages, compiled by the Veterans Administration, represent the amount of home loans closed monthly under the Servicemen's
Readjustment Act; figures prior to August 1949 are available upon.request.
cf Data reported at the beginning of each month are shown here for the previous month.
§Includes data for apparel and household furnishings, shown separately prior to the October 1950 SURVEY.
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 11)51
1951
1950
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Magazine advertising:!
Cost, total
thous. of doLApparel and accessories
do
Automotive, incl. accessories __ . _
do
Building materials §
do
Drugs and toiletries _
do
Foods, soft drinks, confectionery
do
Beer, wine, liquors § _ _
do
52, 094
4,457
4,054
2,675
6,485
7,149
2,416
50, 261
4,237
4. 226
2,499
5,693
6,582
2,364
42, 488
2,832
3,882
1,719
5,618
6,846
2,024
32, 754
884
3,832
1,081
4,844
5,874
1,738
33, 577
3,273
3,772
1,128
4,338
5,435
1,476
49, 603
5,540
4,255
2,537
5,416
6,724
1,965
55, 301
4,648
4, 545
2,397
6, 463
8, 598
2, 436
51. 534
3, 705
4,071
1, -191
6, 145
7,488
2, 703
40, 673
3,000
2,519
745
5, 268
5,825
3,789
30, 863
1,632
2,908
1,033
4, 359
4,979
1,602
42, 904
3, 183
3, 213
1, 377
5.710
7, 398
2,067
52, 245
5, 334
3,613
2.455
6, 264
7,781
2,464
55, 993
5. 007
3, 956
3, 003
6, 582
7,391
2, 752
4,337
3,361
2,341
1,232
1, 336
12, 250
4,515
3,282
2.320
1,238
1,327
11, 979
3, 615
1, 715
2,162
983
1,364
9, 729
2,057
697
1,713
884
1, 365
7, 784
1,574
929
1, 588
865
1,116
8,083
3, 648
2. 767
2, 657
1,091
1,497
11,506
4. 435
3. 650
2,713
1.421
1, 556
12 439
3. 870
3,079
2 999v
1,324
1, 419
13, 949
3, 136
1,753
1, 091
811
1, 429
10. 707
1,106
894
1, 668
765
1, 137
8, 781
2, 153
1,502
2,034
1,167
1.241
11 859
3, 525
2, 690
2, 693
1,289
1. 267
12, 863
4,102
3, 581
3,150
1,762
1,324
13 323
4,482
3,853
2,974
3,175
3,791
4,505
4, 602
3.958
3,106
3,520
4,050
4,464
4,531
-_
215, 753
43. 326
172, 427
11, 290
2,316
35, 645
123, 176
220, 211
45, 576
174, 636
12, 441
2,469
36, 560
123, 166
209, 093
44, 776
164, 317
11,410
2,237
33, 876
116, 795
173, 092
42, 684
130, 409
9,338
2,683
26, 048
92, 339
186, 524
45, 005
141,518
8. 969
1, 832
25, 431
105, 287
207, 305
45, 888
161,417
8,793
2,091
32, 705
117,829
230. 288
47, 678
182. 610
11,314
2, 531
41, 222
127, 542
226. 880
42, 944
183, 936
11, 721
9
267
39 502
130, 447
217, 856
39, 099
178, 757
8,395
2 347
29, 682
138, 334
173,177
42, 772
130,405
S, 165
3 332
24, 066
94, 841
176, 831
40, 355
130 475
7, 482
9 9Q5
29' 435
97, 353
218, 341
49, 358
168, 984
8,710
2 724
33, 886
123,664
296, 647
52, 105
174 482
10, 158
2 097
38 078
123, 619
thousands. _
thous. of dol
4,932
92, 858
4,543
90, 363
4,258
84, 983
4,062
83, 459
4,228
88, 172
4,039
91,350
5,474
100, 802
4,413
102, 139
4, 662
97,712
4,826
107,031
4,454
99, 820
5,536
124, 277
7, 183
128,681
thousands
--- -thous. of dol. .
13, 354
197, 478
14, 055
205, 818
13, 960
202, 790
12, 279
183, 502
13, 842
210, 887
12, 836
206, 145
14,218
222, 331
14, 739
225, 332
14, 191
209, 795
14, 599
221,714
12, 574
195,274
15,874
249, 063
17,472
348, 166
Household equipment and supplies §
Household furnishings §
Industrial materials §
Soaps cleansers, etc
Smoking materials
All other
Linage, total
__
do
do
do
do
do
do
thous. of lines. .
Newspaper advertising:
Linage total (52 cities)
Classified
Displav total
Automotive
_
do
do
do
do
General
Retail
-_
do
do
POSTAL BUSINESS
Money orders:'
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities):
Number
Value
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :f
h'lp '
A t
TT
nth
it i
r\
1T
ts
ds
Nondurable goods totsl
do
Food and alcoholic beverages
do
<3p 'r\
hi h n pfnrnishine'S
T h
Othp nondurable enods
do
^
do
oervicets --TT
.
V '
p
1 ~ • .
Recreation
--
~
Other services
do
j
^j-.
do
do
204.8
30.0
12.8
13.1
4. 1
31.6
12.3
15.2
4.1
104.5
19.2
62.0
5.2
2.4
4.4
11.3
104.3
19.4
62. 1
5.3
2 0
4.5
11. 1
110.7
20.6
66. 1
5.6
2.4
4.6
11.5
59 5
9.2
18 4
3. 7
3.9
5. 1
19.2
do
195.8
34.0
14.1
16.0
3.9
99.9
18.4
59. 1
5.2
1 9
4.4
10.9
do
198.9
26.5
11.0
11.8
3.7
do
and household enuinment
hi
185.8
60.4
9.2
18.7
3.8
3.8
5.2
19.6
61 5
9.7
19 1
3.8
3.8
5.3
19.9
62 6
10.0
19 4
3.9
3.8
5.3
20.1
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 accessories d*
do _
Building materials and hardware groupcf
mil. of dol__
Building materialscf
do
Farm implements
_
do
Hardwarecf
do
Homefurnishings groupcf
_ _
do _
1
Furniture and housefurnishingsd'
do
Household appliances and radios c?--- do
Jewelry stores o*
do
Nondurable-goods stores 9
Apparel grouped
Men's clothing and furnishingscf
Women's apparel and accessories
Family and other apparelc?
Shoes
Drug stores
Eating and drinking nlaces9
do
do
do
do
do
do .
do
do
11,072
3,758
2,250
2,110
140
11, 654
4,200
2,461
2,294
167
11,957
4,515
2,698
2,521
177
12,313
4,755
2,881
2,610
271
12, 737
4. 967
2,856
2, 632
224
12, 498
4, 462
2, 492
2, 308
184
12, 077
4, 243
2,309
2,131
179
11,613
3, 678
1,998
1,826
172
14, 463
4,243
2 959
2,014
245
11,866
4, 165
2,520
2,314
207
10, 913
3,844
2,361
2, 180
182
«• 12, 563
rr 4, 223
2, 560
2, 360
200
11, 155
3, 906
2, 294
2, 108
187
881
569
141
171
554
311
243
72
1,061
715
145
201
597
354
244
81
1,133
769
159
205
595
344
251
89
1,117
745
167
205
685
356
329
72
1,248
874
161
214
778
392
386
85
1, 125
787
133
205
752
385
* 367
92
1,129
792
135
203
712
365
347
93
964
668
103
193
614
345
269
102
930
547
121
262
796
438
358
259
926
612
121
193
638
331
307
80
825
537
109
179
589
C02
287
69
^ 992
1, 057
690
150
211
535
319
216
80
7,314
812
179
374
110
149
291
893
7,454
756
173
349
104
130
296
928
7,442
747
195
317
101
134
299
936
7,558
583
140
247
83
113
293
928
7,770
641
134
304
89
114
298
986
8,036
855
191
403
116
145
302
979
7,833
844
203
400
118
124
306
991
7,935
871
223
402
127
120
297
913
10, 220
1, 289
363
553
197
176
401
985
7,701
7,068
616
154
279
86
98
296
847
210
338
108
121
303
940
r 641
144
207
'593
-334
259
78
r
8, 340
r 903
r
r
195
418
120
105
328
••974
7 589
728
159
353
97
119
301
949
«• Revised..
^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." Revised data for January 1948-March 1950 are available upon request.
§See note marked "J" above.
fRevised series. Estimates of personal consumption expenditures have been revised beginning 1946; revised figures for the grand total and for total durable and nondurable goods and
services are shown as a component of gross national product on p. 31 of the July 1950 SURVEY; revised figures for 1946-49 are shown on p. 23 of the December 1950 SURVEY.
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 S U R V E Y ; specific periods for which the series have been revised are as stated in the notes below. Monthly data for 1946-48 for both sales and inventories of all types of retail stores (unadjusted and adjusted series) appear on pp. 21-23 of the October 1949 SURVEY. Data prior to 1946 and unpublished revisions are available upon request..
9 Revised beginning 1943.
cf Revised beginning 1948.
SURVEY OF CUEEENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-9
1951
1950
April
May
July
June
August
September
October
November
December
January
3 086
2,519
2, 591
2,095
1,613
2,705
2,174
531
584
1, 283
881
February
March
April
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All types of retail storesf— Continued
Estimated sales (unadjusted), total — Continued
Nondurable-goods stores 9 —Continued
Food group 9
mil. of dol
Grocery 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 d*
mil. of dol__
Variety..
do
Other retail storesO
do___
LiquorO
do
Other§
do
Estimated sales (adjusted), totaldo. __
Durable-goods stores
do
Automotive group
do
Motor- vehicle dealers
do
Parts and accessories
do __
Building materials and hardware group
mil. of dol__
Building materials
do
Hardware
do
Homefurnishings group.
_
do_
Furniture and housefurnishings
do
Household appliances and radios
do _ _
Jewelry stores __
do
Nondurable-goods stores
Apparel group
Men's clothing and furnishings
Women's apparel and accessories
Family and other apparel
Shoes
_
_
Drug stores _ _
Eating and drinking places
do
do
do
do
do
do __
do
do___
2,529
2,047
482
523
1,297
857
2, 561
2, 054
2,591
2,090
2,819
2,289
1,338
893
1,320
874
141
155
124
175
129
162
1,001
968
135
833
507
573
134
867
2,793
2, 244
548
582
1,481
1, 008
2 620
2,082
2 661
2,126
1,306
855
2,752
2,205
547
629
1,379
924
1, 442
979
1,569
1,080
155
166
160
160
149
157
194
129
162
124
161
125
169
1,083
136
177
1,045
136
178
1,046
147
185
1.049
228
394
1,414
501
581
967
130
837
148
11,327
3, 886
2, 262
2,105
157
11, 699
4,179
2,485
2,325
880
592
166
969
666
176
1,026
702
189
317
259
323
247
7,401
11, 080
3, 679
2,130
1,982
576
93
753
173
350
107
124
304
915
530
655
974
134
840
12, 700
4,679
2, 763
2, 512
137
946
12, 682
4,694
2, 690
2,484
145
900
12, 133
4,417
2,570
2,389
206
181
1,084
723
210
1,143
778
210
1,015
684
198
329
248
397
342
87
92
93
384
376
7,440
765
183
349
108
124
296
906
7,519
8,021
350
109
344
113
126
305
929
569
160
576
770
186
251
538
586
149
897
11, 759
4,179
2,399
2, 225
174
534
575
164
886
11, 387
3,670
2,074
1,910
165
12, 194
4,099
2, 389
2,173
216
2,692
1,129
756
' 1.420
'933
1,294
85G
139
129
155
149
119
143
1,108
101
143
1,054
133
199
1,142
128
162
1,030
146
962
13, 307
4,772
2,742
2,496
246
564
596
143
912
13, 075
4, 723
2, 764
2,520
r
r
318
258
357
269
107
95
97
413
355
109
100
7.717
125
304
938
7,580
771
189
356
106
119
308
933
8,094
819
195
384
114
126
308
957
8,535
937
238
414
131
154
320
984
8,352
844
219
368
119
138
331
981
2,728
2,192
536
590
1,523
1,037
1,127
2,640
2,127
514
564
1,445
981
1,056
2,624
2,096
528
553
1,350
895
1,042
2,718
2,177
1,025
2,802
2,282
520
613
1,494
1,011
1,101
2,840
2,278
562
648
1, 638
1,123
1,168
2,885
2,322
563
647
1,494
1,006
1, 170
101
104
348
339
7,716
131
295
911
7,987
788
190
355
110
133
302
929
727
768
184
352
108
687
576
792
191
366
109
126
309
929
625
767
1,129
741
241
' 1, 084
'721
223
' 627
730
Food group
do
Grocery and combination .. _
do
Other food
do
Filling stations
do
General-merchandise group
do
Department, including mail-order _ do
Other retail stores
do
2,551
2,058
492
534
1,330
892
1,014
2,578
2,071
2,604
2,107
1,344
1,376
1,006
919
983
2, 754
2,226
528
601
1,605
1,122
1,078
Estimated inventories (adjusted), total
do
Durable-goods stores
_._do _
Automotive group.do
Building materials and hardware group
mil. of dol_ _
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, 138
5,258
1,622
14, 416
5,437
1,763
14, 720
5, 634
1,948
14, 125
5, 135
1,574
15, 076
5,484
1,744
15, 793
5,807
1,781
16, 697
6,482
2,093
16, 787
6,576
2,101
16, 754
6,644
2, 165
17, 422
6,812
2,161
17,817
6, 896
2,211
1,939
1,232
1,993
1,217
2,027
1,189
470
9, 086
1,859
618
391
1,625
374
2,852
1,367
2,021
1,069
2,042
1,214
2,192
1,325
2,296
1,590
503
10, 215
2,078
596
453
1,789
361
3,340
1,598
2,370
1,593
512
10, 211
2,093
588
490
1,672
331
3,390
1,647
2,445
1,519
515
10, 110
2,076
572
540
1,620
322
3,409
1,571
2,567
1 552
532
10, 610
2,146
623
(i)
1 785
(i)
3 573
i 2, 483
2,507
1,633
545
10, 921
2,202
650
(i)
1, 874
0)
3,660
2,535
2,522
246
44
118
64
47
111
64
49
27
733
3,389
381
69
182
99
77
87
97
54
39
1,140
2,342
198
36
90
55
49
96
67
52
23
554
2,194
423
143
642
158
319
104
r 356
272
892
464
8,979
1,835
1,842
1,515
1,568
560
396
310
2,956
1,308
599
393
332
2,916
1,329
496
553
471
8,990
484
509
9,986
2,038
620
456
1,835
9, 592
1,989
1, 619
1 779
1,802
2 994
1, 399
3,181
1,504
594
420
392
2,805
1,325
619
435
377
385
Chain stores and mail-order houses:f
2,588
2,334
2,496
2,498
2,361
2,380
Sales, estimated, total 9 __
.
do
2,485
186
262
234
246
263
238
Apparel group
do
196
24
41
34
40
Men's wear _ ._ _
do
38
37
24
91
121
124
125
116
107
Women's wear
_ do
98
56
64
75
79
68
70
Shoes
do
58
81
49
57
45
53
58
Automotive parts and accessories
do
67
126
136
109
121
137
88
Building materials __ _
do
142
68
66
64
66
65
65
Drug .
do
66
51
52
50
52
50
50
Eating and drinking places
do.__
52
r
29
33
24
30
28
26
Furniture and housefurnishings
do
31
692
652
671
621
598
610
General-merchandise group
do
656
Department, dry goods, and general mer427
420
398
386
chandise
mil. of dol._
360
377
397
84
112
105
80
86
87
Mail-order (catalog sales)
_
do
105
136
149
150
136
147
137
Variety
do
142
902
840
878
845
833
826
Grocery and combination
do
843
Indexes of sales :f
341.2
314.1
319.2
328.8
336.0
Unadjusted, combined index 9 .. .1935-39 =100 _ _
312.0
325.2
r
323.2
354.6
331.9
309. 8
313.1
317.7
347. 3
Adjusted, combined index 9do
305.4
301.8
314.3
305.1
303. 3
Apparel grouped
do
300.9
315.4
274.8
281.1
263.6
265.3
257.5
252.0
286.1
Men's wear _?_
do
381.8
402.2
407.1
400.9
390.6
387.9
393.5
Women's wear cf _ _ ___
do
237.8
231.7
240.2
239.8
241.6
235. 4
Shoes cf
do
254.7
r
274. 1
339.1
308.6
264.6
291.3
407.7
271.0
Automotive parts and accessories cf __ do
442.1
409.4
365.2
403. 0
396.6
450.7
330.8
Building materials cfdo
221.2
215.9
224. 6
223.4
224.6
227.8
Drug
__
do
222.0
216. 9
220. 4
214.4
Eating and drinking places d"
do
217.5
222.4
221.7
214.6
293. 4
244.4
262.3
240.6
289. 5
243. 9
314.9
Furniture and housefurnishingscf
do
369.2
300. 1
321. 5
300.5
293.0
310.3
General-merchandise group cf
do _
347.3
Department, dry goods, and general mer477.7
400. 8
361.9
370.4
385.7
437.0
361. 8
chandised7'
1935-39 = 100
339. 9
269 2
252. 5
237.9
265.9
309. 7
253.2
M ail-order G?
do
227.3
224.3
236. 9
234.2
222.4
224.0
235. 5
Variety^1
do
410.9
402. 2
391.2
379.1
Grocery and combination
_do_ _ _
378.8
378.9
394.8
' Revised
i Data for eating and drinking places and filling stations are included with those for other retail stores.
fSee note marked "t" °n P- S-8. Revisions for chain stores and mail-order houses for 1943-July 1948 are shown on p. 23 of the
$ Revised beginning 1943.
§Revised beginning 1947.
cfRevised beginning 1948.
©Revised beginning 1945.
540
579
1,365
906
326
1,037
121
898
346.1
323.9
309.5
269.9
400.5
242.5
240.5
393. 7
219.9
210.4
215.2
312.7
442.4
344. 7
330.8
306. 0
431.2
245.6
322. 1
398. 3
226.3
218 1
248.4
333.0
315.0
366. 9
354 1
313 9
452. 1
281.5
386.6
451 6
234 0
224 6
290 5
376. 1
316.3
356.6
324 6
284.9
414.1
259.3
386. 9
436 0
244.1
221 9
270. 7
347.3
381 7
290. 7
223.4
399.5
401 8
308 2
246.8
424.4
475 9
343 8
248 9
421.8
440 7
294 4
230 6
427.6
April 1950 SURVEY.
136
894
11,997
3 979
2,253
2 056
197
1, 058
717
206
563
333
230
105
8, 085
8, 018
175
779
183
'342
111
366
109
135
333
^994
121
318
972
2 883
2 853
' 763
r
r
2,323
560
629
1 381
' 903
1 102
2,294
559
608
1 412
927
1 076
18 642
7, 572
2 543
18 920
' 2, 667
2,693
r
r
r I
789
573
r
11,070
r
2 220
r 640
r
(i)
7,734
2 607
1 844
590
11, 186
2 290
(i)
631
r 1 883
1 850
r 3 760
i 2 567
3 839
i 2 576
(i)
r
176
28
85
48
46
81
68
47
23
502
156
862
532
596
102
T
285
87
465
8,880
507
546
2.159
220
381
349
367
360
760
154
987
12,324
r 4 240
2 427
2? 207
244
1, 154
755
244
925
624
191
778
190
268
1, 146
2 978
2,414
496
535
988
626
213
986
670
192
739
567
615
2,429
(i)
2 692
r 301
r 41
r
147
89
r 53
r
90
73
' 53
25
r
656
r
'378
99
r
167
1,032
120
876
' 338. 0
342. 3
'312 2
' 230 9
' 411.3
r
260.5
2 400
219
32
109
60
49
105
67
52
24
607
369
90
136
903
333.6
341.1
306 0
247 2
415 2
229.4
' 336 9
r 396 8
' 241 2
' 221 8
' 241 5
'316 6
295
395
232
225
240
327
1
1
1
5
0
5
' 385 8
273 4
r
238 1
410
258
244
431.
3
8
2
0
432.7
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1950
April
May
June
August
July
1951
September
j
October
November
December
January
February
March
April
DOMESTIC TRADE—Continued
RETAIL TRADE — Continued
Department stores:
Accounts receivable, end of month:
Charge accounts
1941 average = 100Instalment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent-.
Instalment accounts
_ do. .
Sales by type of payment:
Cash sales
percent of total salesCharge account sales
do
Instalment sales
do
Sales, unadjusted, total U. S .
Atlanta
Boston. _. .Chicago
Cleveland
...
Dallas
Kansas City
_
Minneapolis New York..
.
Philadelphia
Richmond-.
St Louis
San Francisco J
1935-39=100-do
_ _ do
do- _. _ _ _ _do _ _
_ ,do_ .
do
do .
do
do
__ _ do. do
do
Sales, adjusted, total U. S t
do
Atlanta?
_.
_ _ _ . _ - ..do Boston
do
Chicago?.
do .
Cleveland?
do
Dallas?.
do
Kansas City?
do
Minneapolis?
do
New York?
_ do. _
Philadelphia?
do
Richmond?
.
. _ .
do _
St Louis
do
San Francisco?
_do. Stocks, total U. S., end of month:?
Unadjusted
do
Adjusted
_ do. .
Mail-order and store sales:
Total sales, 2 companies
Montgomery Ward & Co
Sears, Roebuck & Co.
Rural sales of general merchandise:
Total U. S., unadjusted
East
South. _
_
. . _ . _ _
Middle West
Far West
Total U. S., adjusted
East
South _
_
Middle West
.
Far West
thous. of dol
_ do
do
1935-39=100_do
_
do_.
do
do
do____
do
__ _. -do _ _
do
do
WHOLESALE TRADE
Service and limited-function wholesalers:?
Sales, estimated (unadj.), total
mil.
Durable-goods establishments _
Nondurable-goods establishments
Inventories, estimated (unadj.), total
Durable-goods establishments Nondurable-goods establishments
of dol
do_ _ _
do
do_ _
do
do
190
212
194
217
194
219
184
230
191
241
210
256
216
260
233
259
314
276
269
269
236
262
50
17
52
18
51
17
49
17
50
18
51
18
51
18
51
17
49
18
50
19
46
17
r
50
' 19
47
18
49
42
9
48
43
9
48
43
9
47
41
12
46
42
12
46
42
12
47
43
10
48
43
9
50
42
8
45
45
10
46
44
10
48
43
9
48
43
9
r
286
389
241
269
290
393
••304
278
••228
276
313
316
321
286
378
228
280
296
391
305
273
221
275
316
323
319
281
345
230
278
281
353
296
272
230
271
307
293
321
283
386
185
271
284
429
339
276
192
239
285
326
387
281
373
198
278
290
399
326
287
202
239
288
318
352
331
426
263
320
337
454
363
320
267
313
356
363
374
308
388
239
296
317
405
328
319
259
299
333
326
345
355
453
287
357
313
472
376
338
302
363
387
398
387
534
708
436
495
538
711
556
476
450
525
584
540
627
277
342
230
261
293
375
300
248
233
253
267
298
333
262
352
193
251
266
351
280
239
218
241
266
275
316
284
422
217
269
286
397
P308
236
230
286
307
298
'318
v 284
367
P225
276
297
382
^302
*279
232
269
^298
304
*321
292
397
244
269
299
401
'307
r
278
r
237
281
323
319
333
290
390
231
277
299
403
309
268
226
270
321
330
336
298
392
240
278
299
410
322
283
242
285
333
326
342
362
494
268
330
364
537
414
342
274
331
394
418
454
335
415
268
335
334
449
354
321
277
319
360
370
374
320
409
255
305
333
420
345
289
262
310
332
360
368
291
370
210
282
299
375
303
283
238
279
312
305
343
290
391
229
288
251
400
325
291
234
273
312
316
345
325
421
249
318
328
433
354
318
266
307
336
353
377
362
449
303
349
395
475
395
325
291
342
369
363
421
326
419
••251
322
333
439
"346
324
263
321
341
327
375
••291
413
217
290
286
414
*321
r
249
r
230
283
297
298
••336
P302
399
^237
282
323
402
P314
P287
252
286
P326
320
^347
294
'287
289
285
267
276
258
269
285
284
322
309
362
329
371
332
295
329
303
338
334
349
'374
' 368
^386
"377
291, 580
94, 751
196, 829
311, 492
97, 705
213, 787
317, 043
96, 389
220, 654
356, 756
104, 957
251,799
339, 478
112, 568
226, 910
357, 438
113, 430
244, 008
335, 351
113, 037
222, 314
369, 150
123, 084
246, 066
499, 058
164, 190
334, 868
296, 659
88, 572
208, 088
253, 570
77, 573
175, 997
310, 175
95, 107
215, 068
311, 771
95, 175
216, 596
264.8
249.0
287.0
248.4
290.9
276.7
250.5
312.6
254.5
311.1
257.6
239. 8
273.8
247.5
278.4
287.2
267.0
330.3
279.3
310.7
271.1
259.6
283.4
261.7
315.9
305.6
299.1
346.0
285.7
349.1
268.0
231.3
286.3
258.6
335.3
363.6
346.3
409.6
346.2
410.9
307.2
271.2
327.2
293.4
367.5
335.0
309.2
364.4
316.8
376.9
334.6
301.0
374.3
310.1
390.3
302.5
290.3
328.9
288.2
341.2
346.8
319.7
402.0
322.3
388.7
290.0
266. 4
314.6
274.3
345.8
422.9
414.7
494.5
399.9
438.1
326.3
296.9
361.5
304.3
349.4
517. 0
481.3
552. 3
489.8
601.6
365.1
333.1
399.3
330.1
383.7
287.7
270.1
305.0
276.2
324.7
380.1
356.3
381.2
368.3
441.2
269.3
230. 9
304.4
251.3
295.5
321.7
278.1
350. 0
314.1
395.6
291.5
279.4
323. 5
275.8
312.0
307.8
279.4
340.5
290.3
346.7
287.6
269.5
304.0
270.9
325.5
300.5
271.1
331.2
277.6
348.1
5,113
1,816
3,297
7, 256
3,094
4,162
5,599
2,052
3,547
7,263
3,153
4,110
5,743
2,149
3,594
7,208
3,171
4,037
6,355
2,415
3,940
6,991
2,990
4,001
7,349
2,866
4,483
7,271
2,878
4,393
6,899
2,581
4,318
7,500
2,911
4,589
7,141
2,703
4,438
7,845
3,060
4,785
6,871
2,455
4,416
8,067
3,230
4,837
7,038
2,478
4,560
8,229
3,393
4,836
7, 402
2, 662
4,740
8, 613
3, 622
4, 991
6,585
2,453
4,132
8, 808
3,750
5, 058
6,954
2,706
4,248
9, 166
4,025
5, 141
6,293
2,509
3,784
9,283
4,255
5,028
r
r
r
r
227
255
r
r
219
244
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States :§
Total, incl. armed forces overseas
thousands.-
151, 132
151, 298
151, 483
151, 689
151, 939
152, 196
152, 438
152, 668
152, 879
153, 085
153, 302
153, 490
153, 699
EMPLOYMENT
Employment status of civilian noninstitutional
population:
Estimated number 14 years of age and over.
total _ _
thousands
Male
do
Female
__ _
do
109. 206
52, 970
56, 236
109, 288
53, 010
56, 278
109, 392
53, 061
56, 331
109, 491
53, 103
56, 388
109, 587
53, 113
56, 474
109, 577
53, 044
56,' 533
109, 407
52, 812
56, 595
109, 293
52, 643
56] 650
109, 193
52, 491
56] 702
109 170
52 419
56 751
108, 933
52] 140
56] 793
108, 964
52, 108
56] 856
108, 879
51 980
56 899
do
do
do
62, 183
44, 120
18,063
62, 788
44, 316
18, 472
64, 866
45, 429
19, 437
64, 427
45, 708
18] 719
64, 867
45, 818
19, 049
63, 567
44, 726
is] 841
63, 704
44, 268
19] 436
63, 512
44, 019
19 493
62, 538
43 535
19' 003
61 514
43 093
18 421
61,313
42 894
is' 419
62, 325
43 379
is' 946
61, 789
43' 182
do
do
do
. . do
do
do
58, 668
41,' 492
17, 176
7,195
51, 473
3,515
59, 731
42, 186
17. 545
8,062
51, 669
3,057
61, 482
43,' 229
18, 253
9,046
52, 436
3,384
61, 214
43,' 582
17' 632
8,440
52, 774
3, 213
62, 367
44,' 154
18] 213
8, 160
54, 207
2, 500
61, 226
43] 244
17,' 982
T] 811
,53, 415
2, 341
61, 764
43! 096
18,' 668
s] 491
53, 273
1, 940
61 271
42, 710
18, 561
7,' 551
53 721
2 240
60 308
42 076
18, 232
6] 234
54 075
2 229
59 010
41 ' 433
17 577
6 018
52' 993
2 503
58 905
41 300
17 605
5] 930
52 976
2 407
60
42
18
6,
53
2
en n/M
DU, U±4
Civilian labor force, total
Male
Female
Employed
Male.,
_
Female
Agricultural employment .
Nonagricultural employment.
UnemployedNot in labor force.
179
102
077
393
785
147
i R f\r\7
lo, DU/
42 154
17' 890
6 645
53 400
1 744
do
47. 024
46, 500
44. 526
45. 064
44. 718
46. 010
45. 704
45. 782
4fi 657
47 658
47 filQ
4fi 628
47 OQ9
Revised. _ p Preliminary.
1 See note marked "§" below.
t Revisions in the adjusted indexes of department-store sales for various periods prior to 1949 are shown for the indicated districts (except New York. Richmond, arid San Francisco) on
p. 24 of the April 1950 SURVEY; revised data for San Francisco for 1919-48 appear on p. 21 of the May 1950 SURVEY; revisions for New York and Richmond for 1946-January 1949 are available
upon request. Current revisions for Dallas are tentative, pending completion of the revision for earlier periods. Department-store sales and stocks for the U. S. reflect all revisions in data
for the districts and, therefore, are subject to further revision. Figures for 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 beginning April 1950 have been adjusted to the decennial census count and are not strictly comparable with preceding figures. Revisions prior to April 1950 will be available later.
T
SURVEY OF CURRENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-ll
1950
April
May
June
July
1951
August
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Employees in nonagricultural establishments: t
Total, unadjusted (U. S. Dept. of Labor)
thousands..
Manufacturing
do
Durable-goods industries
do_ _
Non durable-goods ind ustries
_ _ do
Mining, total
do.
Metald* _ .
do_._
Anthracite
do
Bituminous coalcf
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. _
Trade
do
Wholesale trade _
do
Retail trade
do
General -merchandise stores
_ do
Food and liquor stores
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:!
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
_.
thousandsFabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. .
Heating apparatus (except electrical) and
plumbers' supplies. ._
thousands.
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
Canning and preserving
Bakery products.
do
do
do
.
do
do
42, 926
14, 162
7,548
6,614
939
99
75
419
43, 311
14, 413
7,809
6,604
940
100
76
413
43, 945
14, 666
7,964
6,702
946
102
75
410
44,096
14, 777
7,978
6,799
922
103
74
382
45, 080
15, 450
8,294
7,156
950
103
75
408
45, 684
15, 685
8,423
7,262
946
103
75
407
45, 898
15, 827
8,618
7,209
939
102
74
406
45, 873
15, 765
8,664
7,101
938
103
74
404
46, 595
15, 789
8,717
7,072
937
104
73
405
251
95
2,076
3,928
1,356
150
609
47
513
254
97
2,245
3,885
1,296
149
611
47
516
259
100
2,414
4,023
1,407
147
615
47
522
262
101
2,532
4,062
1,414
148
620
47
530
261
103
2,629
4,120
1,441
146
623
47
532
259
103
2,626
4,139
1,458
146
622
48
530
256
102
2,631
4,132
1,462
145
621
48
525
255
102
2, 571
4,123
1,465
145
615
48
524
257
98
2,403
4,125
1,460
145
620
49
522
9,346
2,477
6,869
1,466
1,200
706
1,803
4,757
441
347
146
5,915
9,326
2,479
6,847
1,412
1,204
714
1,812
4,790
451
354
150
5,900
9,411
2,502
6,909
1,411
1,205
733
1,827
4,826
482
362
156
5,832
9,390
2,528
6,862
1,372
1,203
746
1,831
4,841
515
363
152
5,741
9,474
2,582
6,892
1,387
1,200
749
1,837
4,827
512
359
147
5,793
9,641
2,605
7,036
1,474
1,210
743
1,827
4,816
475
358
150
6,004
9,752
2,625
7,127
1,539
1,219
741
1,821
4,757
441
356
151
6,039
9,898
2,618
7,278
1,654
1,242
746
1,820
4,723
433
353
149
6,037
10, 443
2,616
7,827
2,052
1,264
753
1,828
4,694
430
353
147
6,376
43, 212
14, 302
942
2,163
3,948
9,391
1,794
4,757
5,915
43, 578
14, 629
941
2,223
3,888
9,459
1,803
4,766
5,869
44, 010
14, 802
943
2,299
3,995
9,532
1,809
4,778
5,852
44, 259
14, 977
915
2,366
4,021
9, 556
1,804
4,769
5,851
44, 914
15, 333
942
2,434
4,073
9,651
1,819
4,779
5,883
45, 196
15, 444
942
2,454
4,119
9,650
1,836
4,768
5,983
45. 408
15, 606
937
2,506
4,138
9,630
1,839
4,733
6,019
45, 501
15, 635
937
2,521
4,126
9,620
1,838
4,747
6,077
45, 605
15, 692
938
2,452
4,125
9,692
1,846
4,741
6,119
' 45, 804 ' 46, 079 ' 46, 273 v 46, 354
r
15, 852
' 16, 002 ' 16, 058 » 16, 035
939
936
'942
p921
r
2, 507
' 2, 554 P 2, 553
' 2, 497
r
4, 107
' 4, 114
' 4, 145
v 4, 153
' 9, 722 ' 9, 780 ' 9, 766 v 9, 792
1,854
1,840
1,850
v 1, 862
' 4, 737 ' 4, 729
' 4, 730 * 4, 744
6,100
6,230
6,165
v 6, 294
11, 597
6,195
18
11, 841
6,456
19
12, 066
6,596
19
12, 151
6,597
19
12, 802
6,900
20
13, 016
7,013
22
13, 133
7,186
22
13, 044
7,210
23
13, 056
7,254
24
' r13, 018 ' 13, 180
7, 256
' 7, 366
'25
27
692
410
303
419
113
1,007
723
430
'302
432
116
1,026
741
437
303
441
118
1,050
750
444
303
440
114
1,054
783
465
319
459
122
1,086
790
468
327
458
117
1,105
785
462
329
471
127
1,117
773
452
327
477
129
1,126
754
440
326
474
128
1,142
••739
'429
'321
'473
128
1,149
'734
'426
324
472
127
' 1, 153
'729
426
'326
'479
130
' 1, 158
523
529
538
542
550
552
553
553
556
'559
'560
562
45
46
46
45
46
46
46
45
47
47
47
48
722
742
769
773
814
837
850
850
852
'847
'853
'858
118
1,003
595
899
595
185
67
44
174
363
119
1,022
606
1,045
736
185
67
48
176
362
122
1,033
615
1,078
765
187
68
49
180
367
120
1,032
620
1,070
757
188
68
48
178
358
132
1,060
655
1,118
781
199
79
48
187
399
137
1,050
673
1,134
788
209
76
49
199
418
137
1,104
710
1,157
795
225
76
50
205
436
135
1,133
721
1,139
760
239
76
52
209
432
133
1,163
724
1,160
767
251
79
52
211
424
130
' 1, 192
'711
' 1, 175
'767
'263
'83
52
'211
'413
'132
T
I , 219
'716
' 1, 228
'791
'283
95
49
214
'426
134
' 1, 232
'724
' 1, 253
799
293
96
54
217
428
5,402
1,065
223
103
120
191
141
76
1,172
573
218
5,385
1,090
227
108
127
193
146
76
1,162
573
213
5,470
1,141
r
232
114
151
191
157
75
1,174
580
212
5,554
1,231
235
116
223
194
164
75
1,160
571
209
5,902
1,331
236
114
302
192
169
82
1,224
595
227
6,003
1,350
236
107
324
194
159
89
1,255
606
233
5,947
1,260
240
102
226
196
149
89
1,264
607
236
5,834
1,196
244
100
171
193
149
84
1,262
606
234
5,802
1,155
254
97
143
190
146
83
1,258
604
234
5,762
' 1, 120
251
95
'132
188
146
80
1,257
602
232
5,814
' 1, 098
238
95
126
' 188
'146
80
1,269
604
236
' 5, 764
' 1, 096
233
99
124
190
147
78
' 1, 227
569
236
45, 246
45, 393 ' 45, 857 » 45, 937
15, 784 ' 15,971 ' 16, 022 v 15, 884
8. 742
' 8, 870 ' 8, 968
» 8, 935
7,054
' 7, 042 ' 7, 101
v 6, 949
932
'930
933
P918
105
106
'106
?105
73
72
73
'403
'403
'397
P389
r
256
'98
2, 281
' 4, 072
r
1, 428
145
r
6!8
48
521
'254
'97
' 2, 222
' 4, 079
1,429
144
623
48
519
9,592
2,587
7,005
1,459
1.244
'743
1,831
4,666
'429
354
'146
6,088
'9,564
' 2, 596
' 6, 968
' 1, 429
1,257
'736
1,841
' 4, 658
'432
351
145
6,122
r
255
'99
' 2, 324
'4,110
•p 103
v 2, 451
* 4, 132
1,449
145
626
48
519
' 9, 717
' 2, 590
' 7, 127
1,508
' 1, 264
'736
1,854
' 4, 683
436
352
150
6,217
9,645
2,570
7,075
1,459
1,272
^739
1,871
4,744
^6,292
' 13, 197
P 13, 055
' 7, 433 * 7, 396
'29
p32
v 740
"319
"482
J> 1,160
*852
» 1, 242
?722
v 1, 208
*218
j-421
» 5, 659
» 1, 089
Tobacco manufactures
do__
J>75
Textile-mill products
do
» 1, 225
Broad-woven fabric mills.
do...
Knitting mills
do
Apparel and other finished textile products
thousands. .
1,003
976
976
981
1,089
1,099
1,100
1,056
1,064
' 1, 070
1,115
' 1, 107
» 1, 033
Men's and boys' suits and coats
do_ _ .
132
129
135
127
138
137
138
137
137
138
142
142
Men's and boys' furnishings and work
clothing
thousands. _
241
239
238
232
252
254
254
253
251
'251
'259
263
Women's outerwear
...
do
272
254
248
266
307
305
297
275
296
303
317
305
Paper and allied products
do
391
392
399
396
410
418
421
427
428
423
423
'424
p427
Pulp, paper, and paperboard mills. _ -do
201
202
205
204
207
210
211
210
212
209
209
209
Printing, publishing, and allied industries
497
thousands..
498
499
500
504
510
514
515
518
'510
'510
'510
*508
Newspapers. .....
do
149
148
150
150
151
150
150
150
152
149
150
150
Commercial printing
do
165
164
166
164
165
167
170
170
171
170
'169
169
••Revised.
» Preliminary.
fRevised series. Beginning with the October 1949 SURVEY , the indieated series on employ ment, pay rolls, and 1lours and e arnings ha ve
vised
(1) adoption of the current Standard Industrial Clas sification f(3r manufac turing ind ustries; (2; reclassifics ition of rer)orting est£iblishment 3 onbeen re isis of to in corporate t hree major changes:
the b?
maj(Dr postwar product or activity;
(3) adjustment to 1947 bench-mark levels and a rev s ion in esti mating prc duction-w orker ernpl ovment. Published revisions a re as fnllnn/s* Tflrnnlnx
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1931
1951
1950
April
May
June
July
August
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION-Continued
EMPLOYMENT—Continued
Production workers in mfg. industries f— Con.
Total (II. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Chemicals and allied products
thousands-Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do. _
Rubber products
do
Tires and inner tubes _
do
Leather and leather products
__do
Footwear (except rubber)
do
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) t
1939=100.Manufacturing production-worker employment
index, adjusted (Federal Reserve)!
1939=100--
490
146
176
136
191
84
341
222
485
148
177
136
194
86
335
218
482
150
181
138
199
88
343
224
479
152
182
139
200
88
351
230
491
155
193
147
208
90
370
237
506
158
189
145
215
92
372
237
523
159
190
147
219
92
367
230
521
160
191
148
222
93
360
226
524
161
191
147
2?2
92
359
229
••526
163
190
147
222
91
364
234
141.6
144. 5
147.3
148.3
156.3
158.9
160.3
159.2
159.4
158.9
160.9
'161.1
p 159. 4
158.1
159.7
'161.2
' 161. 5
P 161. 1
218, 653
53, 531
113, 856
p 229, 474
63, 676
114, 118
2,146
240
2. 196
244
P 2, 240
247
143.2
Miscellaneous employment data:
Federal and State highways, total§. ----number-- 250, 272
82, 362
Construction (Federal and State)
_- -_do
116, 980
Maintenance (State)
- do
Federal civilian employees:
1,939
United States
_ thousands. .
214
Washington, D.C., metropolitan area. _-do
Railway employees (class I steam railways) :
1,221
Total
.
thousands-Indexes:
116.7
Unadjusted1935-39=100..
118.6
Ad justed
do. _ _
PAYROLLS
Manufacturing production-worker payroll index,
337.2
unadjusted (U. S. Dept. of Labor) t - - .1939=100.LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :t
39.7
All manufacturing industries
_
hours. .
40.7
Durable-goods industries
-do
40.6
Ordnance and accessories
-do
Lumber and wood products (except furni40.7
ture)
-.-hours.40.5
Sawmills and planing mills
do
41.3
Furniture and
fixtures
do
40.4
Stone, clay, and glass products
do
40.2
Ola^s and triads products
do
40.4
Primary metal industries
do
Blast furnaces, steel works and rolling
40.0
mills
hours. .
Primary smelting and refining of nonferrous
40.8
metals
hours
Fabricated metal prod, (except ordnance, ma40.7
chinery, transportation equipment) hours. _
Heating apparatus (except electrical) and
Machinery (except electrical)
__ _ _ d o
Electrical machinery
do
Transportation equipment
do_ _
Automobiles
- -..do
Aircraft and parts
_ ...
do
Ship and boat building and repairs___do
Instruments and related products
Miscellaneous mfg. industries
Nondurable-poods industries
Food and kindred products
T)qj rv n rodnrts
Cannin 0 " and preserving
"Bakery products
Beverages
Tobacco manufactures
Textile-mill products __
Knittinsr 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
hoursNewspapers
do
Commercial printing
do
Chemicals and allied products
do ..
Industrial organic chemicals
do
Products of petroleum and coal
do_Potroleum Defining
do
Rubber products.. _ . .
_ __do__
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
r
147.1
148.9
150. 9
155.0
156.0
157.7
157.7
282, 425
108. 956
121,802
312,091
129, 051
128, 470
327, 886
141, 983
130, 168
336, 600
149, 185
130, 714
327, 953
145, 988
126, 664
317, 566
140, 543
123, 493
291, 399
116, 639
122, 681
250, 137
79. 857
118, 487
1,851
213
1,819
214
1,839
215
1,913
218
1, 945
219
1,977
222
2,005
226
2,024
'228
2,082
234
1.315
1,324
1,322
1,313
1,286
' 228. 239
' 62, 181
114, 450
'532
163
191
'148
223
91
373
'239
539
* 539
167
192 " ~ ~ V i 9 4 "
149
'220
p 218
88
'371
P 351
237
1.163
1, 272
1,279
1,302
1,287
v 1, 307
p 1.321
111.0
111.5
121.6
120.0
122.3
119.7
124.5
121.9
125.8
122.8
126.6
122.5
126.3
125.2
125.1
127.1
122.9
127.8
' 122. 8
125.8
P 124. 7
p 127. 9
p 126. 0
p 128. 1
348.0
362.7
367.5
394.4
403.2
415.8
414.6
426.0
' 424. 0
' 429. 5
433.6
39.9
40.8
40.7
40.5
41.3
40.7
40.5
41.1
42.6
41.2
41.8
42.6
41.0
41.7
43.1
41.3
42.1
43.2
41.1
41.8
43.4
41.4
42.2
42.5
41.0
' 41.5
42.0
40.9
Ml. 5
42.8
Ml.O
41.8
'43. 1
p40.8
"41.7
p42. 6
40.7
40.5
41.2
40.8
40.5
40.5
41.6
41.6
41.8
41.1
40.2
40.8
41.1
40.9
41.0
40.9
39.5
40.7
42.0
41.9
42.8
41.6
39.8
41. 1
41.2
40.1
42.0
41.5
39.0
41.4
41.9
41.8
42.6
42.5
41.4
41.9
41.0
40.7
42 6
42.3
41.3
41.8
41.4
41.0
42.3
42.2
41.0
42.3
' 40. 5
MO. 0
Ml. 8
T
41.6
MO. 6
' 41.6
MO. 3
r
39.9
'42. 1
41.3
MO.l
Ml. 1
MOM
40. 1
M2. 4
Ml. 8
40.8
' 41.7
p 41.5
39.7
39.8
39.9
40.1
40.2
40.8
40.8
41.1
MO. 6
r
40.8
40.9
40.3
40.9
41.2
41.5
41.0
41.7
Ml. 5
41.1
41.4
40.7
41.5
41.1
42.1
42.1
42.3
41.9
42.4
Ml. 8
Ml. 8
'42. 1
'40.0
41.0
40.6
41.3
42.2
40.3
37.9
39.2
40.0
40.2
40.3
41.3
40.8
41.0
41.4
40.8
38.4
39.8
40.4
40.3
40.7
41.5
40.4
42.0
42.8
40.7
38.3
39.2
40.7
40.5
41.2
41.6
40.6
41.5
42.1
41.2
38.1
39.1
40.9
40.3
41.9
42.3
41.0
42.0
42.3
42.4
39.2
39.5
41.7
41.6
42.3
42.4
41.4
40.9
40.6
42.7
38.3
40.4
42.5
42.1
4-2.4
42.9
42.1
41.1
41.9
38.3
40.0
42.5
42.3
41.6
43.0
41.8
40.1
39.5
42.4
38.7
40.2
42.4
42.2
42.1
43.7
41.9
41.4
40.9
43.3
39.9
40.9
42.6
41.7
Ml. 4
43.4
41.4
'39.9
'38.7
M3.7
'38.7
'41.0
Ml. 8
41.3
Ml. 5
43.5
Ml. 5
' 40. 5
' 39. 3
M3. 6
MO. 5
' 40.7
M2.2
41.6
41.9
M3. 7
Ml. 6
MO. 5
39.1
44.2
40.2
41.2
'42. 2
Ml. 6
38.5
40.4
39.8
43.9
36.3
41.2
40.7
35.5
37.8
38.4
35.0
38.9
41.0
40.7
44.3
37.2
41.6
41.1
36.7
37.9
38.5
35.0
39.5
41.8
41.3
45.0
38.9
41.9
42.0
38.3
38.7
39.2
36.2
'39.8
42.3
41.8
45.3
41.4
41.7
42.3
38.4
39.0
39.5
37.0
40.5
41.9
40.7
45.0
40.6
41.8
41.3
39.5
40.5
40.8
39.2
40.1
42.0
41.7
44.7
44.1
41.2
41.2
39.2
40.7
41.1
38.9
40.3
41.6
40.8
44.5
40.5
41.4
41.0
38.3
40.6
40.9
39.2
40.3
41.9
43.4
44.1
38.6
41.3
40.9
37.8
40.7
41.1
38.7
40.5
42.3
45.2
44.3
37.4
41.6
40.6
38.9
40.8
41.4
38.1
MO. 2
Ml. 8
42.8
44.1
'38.3
41.3
Ml. 2
'38.7
' 40.6
Ml. 3
'37.9
40.0
MO. 9
40.0
44.1
'38.2
41.4
MO. 3
'37.9
40.8
41.2
38.9
MO. 0
41.0
40.7
44.5
37.5
41.6
40.6
' 36. 9
MO. 5
41.2
38.1
"39.6
"41.2
35.2
35.5
35.7
36.7
35.8
36.7
36.2
36.9
37.6
37.7
35.7
35.4
37.3
37.9
36.9
37.9
36.5
37.7
36.9
'37.6
'37.6
'37.8
'37.4
38.4
"36.3
35.5
34.5
42.3
43.2
35.9
34.6
42.3
43.2
36.2
33.8
43.0
43.8
36.1
34.7
43.3
44.0
38.0
36.2
44.0
44.6
37.4
32.2
44.0
44.3
38.3
34.7
44.0
44.5
37.7
34.6
44.1
44.4
37.0
35.1
44.5
44.9
'37.0
' 36. 0
43.8
' 44.7
37.6
36.8
M3.4
44.6
37.8
36.0
M3.6
44.7
"43.3
38.6
37.1
39.4
41.2
40.1
40.8
40.5
40.0
39.0
35.8
34.7
38.7
37.3
39.8
41.2
40.5
40.6
39.9
Ml. 2
41.1
35.4
34.2
38.7
37.2
39.6
41.4
40.8
Ml.O
40. 2
41.4
40.6
37.2
36.4
38.5
36.6
39.6
41.2
40.7
41.6
41.0
41.2
40.4
38.1
37.7
38.9
36.5
40.1
41.6
40.7
40.6
39.4
41.8
40.8
39.2
38.8
39.2
36.9
40.6
41.8
40.8
41.7
41.2
41.9
40.9
38.1
37.6
39.0
36.8
39.9
42.0
40.9
41.6
41.1
41.9
40.2
37.8
36.7
39.2
37.2
40. 1
42.0
41.2
41.2
40.7
41.5
40.1
37.5
36.0
39.8
38.1
41.0
42.1
41.2
41.2
40.7
41.6
39.9
38.3
37.4
r
'38.4
36.2
'39.4
41.7
40.8
MO. 5
40.0
' 38. 7
35.5
'39.3
38.9
'38.9
36.7
40.3
Ml. 9
41.2
' 40. 5
40.1
' 39. 9
37.4
'38.6
38.1
T
4a.o
r
38. 9
'35.8
' 40. 6
' 42.0
Ml.O
41.0
40. 7
' 40. 4
38.4
38.7
'38.3
39.9
P 41. 3
"42. 0
"41.9
41.0
"42.2
"43.5
"41.5
"39.7
"42.6
"41.3
"37.8
"39.7
"38.9
"41.8
"40.8
p39. 7
"35. 9
Revised.
" Preliminary.
t Revised series. See note marked "t" on p. S-ll. The adjusted manufacturing employment index was further revised in the November 1950 SURVEY; revisions for January 1939-August
1949 are available upon request.
§ Total includes State engineering, supervisory, and administrative employees not shown separately.
SURVEY OF CUREENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-13
1950
April
May
June
July
August
1951
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS—Continued
Average weekly hours per worker, etc.t — Continued
Nonmanufacturing industries:
Mining:
Metal
hours
Anthracite
_
do
Bituminous coal..
_ . ..do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours. _
Nonmetallic mining and quarrying, .do .
Contract construction
_
... do
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 stores.
. .
_ _ do
Automotive and accessories dealers.__do
Service:
Hotels, year-round
_ do
Laundries
__
- ._
doCleaning 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:
Initial claims _ _
_.
__- do
Continued claims
do
Benefit payments:
Beneficiaries, weekly average
do
Amount of payments.
___thous. of dol
Veterans' unemployment allowances:
Initial claims
__
_ _ _ do
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
do
Discharges
_
do
Lay-offs
do
Quits
_ _
do
Military and miscellaneous
do
41.6
29.0
36.0
41.6
34.7
34.1
41.6
32.6
34.7
41 1
34.8
34.6
41 9
33 2
35.5
42 2
34 5
35. 5
43 9
37 2
36.1
43 0
31 0
36.4
43 9
32 8
38.5
r
43 7
'35 9
'37.6
r 43 2
29 7
34 5
43 2
23 5
33.8
41.2
43.6
36.6
40.9
35.6
40.0
44.4
37.3
40,7
36.5
40.0
44.9
38.0
42.0
37.0
41.6
44.6
37.9
41.5
36.9
40.3
45.2
38.6
42 7
37.6
40.5
45.1
37 7
41 5
36.7
41.4
45.8
38.5
42 5
37 4
40.6
44.9
38 0
40 9
37.3
40 2
43.5
37 1
40 2
36 7
'40.6
'43.3
'37 1
' 39 4
36 7
40.4
'42.0
'35 8
37 9
' 35 4
40.6
43.4
36 4
38 7
35 9
44.5
38.7
44.6
41.3
44.8
38.9
45.4
41.3
45.3
39.1
44.9
41.5
45.1
39.4
45.0
41.6
44.8
39 3
45.0
41 5
45. 1
39 6
44.6
41 6
45.3
' 39 4
44.8
41 8
45.6
38 0
44.4
41 8
46.3
39 1
44.8
42 0
'45 9
' 38 9
44 5
'41 8
45 8
39 2
44 7
' 42 1
45
38
44
41
40.1
40.4
40.6
40.9
40 9
40 7
40 9
40 8
41 2
40 8
40 6
40 6
36.1
40.1
45.8
36.4
40.1
45.9
37.2
40.8
45.9
37.7
41.5
45.7
37 4
41.5
45.6
36 4
40 4
45.6
36 3
40.0
'45.9
36 0
40.0
45.8
38 2
40 3
46.0
' 36 7
'39 9
'45.7
r 36 0
'39 6
'45.5
35 4
39 3
45.4
44.0
41.0
40.4
44.1
41.7
43.0
43.8
42.0
43.0
43.8
41.5
41.4
44.0
40.6
40.0
43 8
41.3
41 6
44 0
41.0
41 0
43 6
40.8
41 2
43 9
41.2
41 1
' 43 4
' 41 0
43 1
40 5
40 3
43 2
41 0
41 9
407
159
485
354
483
278
463
224
635
346
521
270
550
197
329
200
218
61
400
185
350
350
140
350
165
605
294
3,280
.49
723
508
3,270
.44
768
373
2,630
.34
732
389
2 750
.39
918
441
2 666
32
820
450
3 510
48
801
330
2 590
32
605
308
2 050
27
423
114
912
12
550
215
1 200
15
1 700
550
280
2 300
29
550
235
1 850
25
r 41 4
220
550
300
25
4
9
6
4
406
489
494
486
624
618
612
515"
421
486
438
513
552
1,543
6,656
1,367
6 702
1,104
5 827
971
5 115
641
4 424
558
3 293
720
3 141
907
3 520
1 051
3 873
1 080
4 923
770
r 719
983
3 534
1,559
138, 969
1,567
138, 778
1 388
119, 430
1 158
99, 714
983
89, 681
806
64 458
652
57 533
734
62 389
832
66 969
983
91 560
14
187
43
3,838
14
160
33
3,185
18
128
27
2,526
13
112
25
2,209
9
92
19
1,988
5
55
10
1 126
4
30
6
629
5
24
5
487
5
25
6
464
4
27
6
554
3.5
2.8
.2
1.2
1.3
.1
4.4
3.1
.3
1.1
1.6
.1
4.8
3.0
.3
.9
1.7
.1
4.7
29
.3
6
1.8
.2
6.6
4 2
4
29
.3
5.7
49
4
7
34
.4
5.2
4 3
4
§
27
.4
4.0
38
3
11
21
.3
3.0
36
3
13
17
.3
5.2
4i
3
10
21
.7
56.93
61.01
61.43
57.54
61.57
61.66
58.85
62.86
61.90
59.21
63 01
64.92
60 32
64 33
66 12
60 64
65 14
67 41
61 99
66 39
68 64
62 23
66 34
70 53
63 88
68 32
68 34
r 63 76
r 67 65
r 69 55
r 63 80
' 67 98
r 70 gg
53.36
53.10
51.67
56.56
59.58
65.00
54.38
54.19
51 50
57. 28
59.78
65 57
56.28
56.08
52 50
58. 12
59. 74
66 50
56.27
55.95
52 03
58 57
60.24
66 95
58.30
57.95
54 87
' 59 40
59.10
67 36
57.84
57 69
55 42
60 88
61.31
69 10
58.83
58 56
56 27
03 11
65. 66
69 81
57.03
56 53
56 87
63 66
67.03
70 14
57.59
56 83
56 77
63 60
65. 89
74 36
' 55. 73
r 54 34
' 56 93
' 63 48
' 66! 10
' 74 42
'
r
'
r
'
66.08
65.86
66.63
67.83
67.37
69.30
68.87
69.03
75.21
' 76. 41
' 73. 18
75.77
61.61
61.98
62.54
62.83
63 15
64 44
66 40
67 73
69 47
' 70 67
' 68 88
69 47
60. 56
60.89
62.87
62.55
64.79
65.72
66. 66
66. 20
68. 26
' 67. 80
' 68. 47
' 69. 63
p 69. 93
60.76
64.33
58.71
61.30
65.09
59.28
62.11
65.69
58.62
63.28
66.35
59 44
65.53
67.98
60 15
66.83
68.94
61 48
68. 09
71.00
64 12
67. 27
72.03
64 33
68.88
74.20
65 15
' 68. 85
r
74. 47
T 64 42
' 66. 39
70.73
r
75. 17
' 76. 30
' 65 24 r A^l SQ
P 75. 91
71.71
74 35
66.54
64.20
72.87
75 21
68.94
64.84
72.39
73 81
71.18
62.89
73.02
75 21
70.18
62. 89
' 73. 43
' 74. 20
p 72. 29
63.58
64.04
64.77
Jffi 98
' 76. 78
r
64. 24
' 72.41
' 65. 79
r
61.13
54.87
75.18
76 28
75.08
66.67
72. 52
66. 75
' 72. 06
58. 98
52. 47
71.78
72 76
71.78
64.47
69. 51
65.47
K7 m
77. 97
68. 54
75.07
' 67. 65
Q
3 845
3 627
883
807
71 584
71 369
3
19
2
15
3
315
5
391
4.5
38
M.6
r4 1
3
21
.6
'25
'.5
3
g
740
62 294
\
9
2
197
4
p 9
P. 5
WAGES
Average weekly earnings (U. S. Department of
Labor):|
All manufacturing industries___ dollars.
Durable-goods industries
do
Ordnance and accessories
do__
Lumber and wood products (except furniture)
dollars-Sawmills and planing mills
_ _ do
Furniture and
fixtures
do
Stone, clay, and glass products
_ _ do
Glass and 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
70.46
69.62
72.53
73.77
71 66
75 76
64. 96
65.61
65.32
62.08
63.21
62.39
fi4 ^(\
fi4 QQ
64 52
Instruments and related products
do
57.52
58.34
58.93
Miscellaneous mfg. industries
do __
51.94
52.69
52.47
r
Re vised.
v Preliminary.
t Re vised series. See note marked "t" on p% S-ll.
R7 AH
T 71
48
r c.7 07
55. 61
54 90
57 89
63 07
64. 60
r 79 71
76. 47
' 68. 93
' 70. 74
' 67. 22
r P.S AQ
P 64 22
r 64 33
' 69 01 •p 6g gg
73 01
v 72 76
r
' 55. 27
54 54
r f;S 81
p 58. 56
v ^fi Q1
' 64 25
65.69
r 74. 4Q
r £Q Ad
T> £Q rvj
SUEVEY 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 1951
1951
1950
April
May
June
July
August
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
WAGES —Continued
Average weekly earnings, etc. f— Continued
All manufacturing industries— Continued
Nondurable-goods industries
dollars- _
Food and kindred products
__ do
Dairy products
Canning and preserving
Bakery products
Beverages
Tobacco manufactures
Textile-mill products
do
do
do
_ _ - do__.
do _ _
do
T?" 'ft'
'11 '
do
Apparel and other finished textile products
dollars _-
Men's and boys' furnishings and work
clothing
__
. _- _ dollarsWomen's outerwear. ...
_do _ _ .
Paper and allied products
do
Pulp, paper, and paperboard mills _ _ . do
Printing, publishing, and allied industries
dollars- .
Newspapers.-.
- .-do. Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products. _.
do. ..
i
Contract construction
Nonbuilding construction
Building construction
Transportation and public utilities:
Local railways and bus lines
Telephone
Telegraph
Gas and electric utilities
Trade:
Wholesale trade
Retail trade:
General-merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance:
Banks and trust companies
Service:
Hotels year-round
Laundries
Cleaning and dyeing plants
Nondurable-goods industries
Food and kindred products
Meat products.
_.
Dairy products
Canning and preserving
Bakery products
Beverages
'Revised.
p Preliminary.
_
38.59
45.51
45.81
40.60
39.67
45.63
45.82
40.67
41.59
46.75
46.92
41.85
42.12
47.27
47.52
42.77
43.37
40.80
47.46
41.27
48.92
41.89
48.99
43.22
49.22
46.06
57.10
55.02
45. 01
53.12
53.92
56.01
58.11
55.85
45. 94
53.21
59.31
57.21
53.88
r 71 11
56.19
57.92
56.57
54.34
AS on
49. 33
49.29
45.67
51.08
35. 29
35.55
35.34
58.20
62.42
58.08
60.03
61.82
64.21
61.36
65.74
Mm
62. 74
66.99
72.18
79.88
70. 88
60.56
63.12
73.85
77.11
61.76
69.23
41.96
39.18
72.64
81.05
72.72
80.76
72.30
79.20
73.17
78.84
61.18
63.91
73.28
75. 73
64.52
74.60
41. 56
38.48
62. 39
65.16
74.37
76.82
65.08
74.05
43.60
40.84
62.99
66.02
76.09
78.93
63.48
65.85
73.73
75.29
66.25
62.90
57.25
72.79
63.11
68.81
68.37
63.40
64.94
69.92
70.88
do
do
do
74.41
58 03
70.93
71.41
70.70
71.08
60 39
' 73. 76
73.75
73.82
do
do
do
do
65.90
53.44
64.13
65.17
66.56
53.72
do
c\
59 45
72.74
71.71
72.93
4Q R9
37.43
54.47
55.04
r
68 78
43.72
53. 57
54.36
47.24
r 71 gl
r 70 gQ
42.02
49.98
49.90
45.63
67 81
42.45
53.19
53. 68
47.91
' 44. 12
' 43. 21
' 53. 94
54.30
r
49. 25
43.09
47.75
45.51
51.77
44.50
52.57
45.88
55.57
••47.42
37.18
63.10
66.89
76.01
46.49
44.39
64.48
65.77
66.38
68.45
71.04
75.59
60.92
' 74. 06
73. 70
74.02
r
' 58. 28
«• 58. 94
60. 68
59.54
56. 62
53.85
74.48
81.11
73. 61
64.16
67. 52
76.77
79.72
66.58
75.46
45.72
43.32
65. 59
75.22
44.73
42.53
r
54.19
68 14
41.21
52.58
53.17
47.67
56.81
63. 17
68. 59
69.68
r
' 58. 53
' 60. 11
r
65. 83
T
59. 09
58.44
59.85
69.92
57.68
55.30
56.36
62.59
56.58
56.83
61.24
56.74
57.19
58.08
65.49
Afi 09
r 4Q 41
54. 68
' 53. 59
r
54. 39
' 47. 94
55. 23
55. 14
' 48. 47
' 56. 13
38.38
en QA
63.27
67.20
38.53
38.59
r
48 37
64.92
69.00
51 84
r 55 01
r 5« 05
66.44
70.63
' 65. 96
r
70. 89
-65.40
74.22
81.07
74.52
82.29
76.42
85.42
r
' 74. 22
79. 12
r 74. 23
80.51
64.55
67.98
65.52
69.34
78.32
66.43
69.75
78.32
77.71
80.93
66.29
73.12
'46. 04
42.76
81.64
66. 52
73.70
45.94
42.23
81.03
68.76
76.21
47.26
44.02
71.92
69.84
75.59
72.99
69.92
60.85
73.27
73. 53
65.14
77.77
71.01
61.74
75.96
76.48
75.99
73.47
62.51
75.89
75.86
75.86
77.67
64.03
77.92
77.65
77.87
76.21
63. 31
77.52
75.42
78.07
66.84
67.42
55.80
64.49
67.35
67.77
56.18
64.74
67.93
39. 11
r 74 co
' 66. 99
r
70. 11
' 78. 58
r
82. 95
r
66. 78
r
73. 69
' 48. 30
r
45. 88
r
74. 33
••71.33
39.89
' 70. 74
' 66. 97
' 70. 05
78. 25
' 80. 96
r
62. 93
r
66. 88
' 49. 56
47.03
r
T
r
58. 40
59. 16
62. 39
59.99
48 60
55.24
71 42
* 42 21
r
53. 46
53.97
48.43
p 58. 01
TO 59. 74
r
* 44. 50
r
47. 24
56.95
39.99
52 38
' 66. 18
71.03
P43.81
p 52. 64
p 66. 12
' 75. 74 p 75. 78
82.39
75 28
' 67. 58 p 67. 72
70.86
* 78. 57
p 80. 34
81.56
' 65. 52 p 66. 02
70.91
r 48. 94
p 45. 63
46.48
72. 36
72.45
65.43
51.35
75.00
r
76. 63
r
75.58
62. 12
77.36
75.58
77.80
T
76. 90
61.96
77. 61
74. 70
78. 35
' 76. 44
' 61 03
r
75. 50
' 72. 20
r
76. 22
68.26
54.04
64.25
68.68
69.96
56.30
65.05
r
70. 33
56.41
' 70. 39
57.55
64.86
r
73. 01
56.48
64.63
63.66
63.66
37. 30
52. 83
64. 66
36.32
52.62
64.88
T
r
r
T
76. 28
75.92
63.75
77.31
73.84
77.94
70.14
67.47
54.96
65. 38
65.17
67.41
54.19
64.21
65.99
64.13
66.52
54.71
63.99
65.65
58.79
59.11
59.93
61.10
60.90
60.93
61.68
61.98
63.49
r
63.44
do
do
do
34.66
50.93
60.36
35.49
50.81
60.50
36.60
37.32
53.37
36.11
52.12
63.52
36.01
51.80
63.94
35. 24
52.40
63.07
37.02
r
38. 02
53. 15
64. 48
r
52.91
63.53
r
63.71
37.06
53.04
63.66
do
45.83
45.54
45.42
46.34
46.36
46.75
47.78
48.18
48. 66
r
49. 28
r
49. 39
49.30
do
do
do
33.26
34.85
40.48
33.34
35.74
43.69
33.33
36.33
44.03
33.51
35.61
42.02
33.92
34.83
34.67
35.79
35.16
36.38
42.29
34. 89
36. 70
43. 35
T
42.15
34.74
35.86
42.23
r
40.16
34.30
35.93
42.56
34. 82
36. 13
42. 03
34.65
36.70
44.25
1.434
1.499
1.513
1.442
1.509
1.515
1.453
1.522
1.521
1.462
1.533
1.524
1.464
1.539
1.552
1.479
1.562
1.564
1.501
1.577
1.589
1.514
1.587
1.625
1.543
1.619
1.608
r
1.311
.311
1. 353
1.348
1.256
1.414
1.486
1.630
.369
.368
.269
.432
.525
.645
1.388
1. 383
1.282
1.428
1.485
1.639
1.404
1.407
1.301
1.467
1. 572
1.669
1.404
1.401
1.321
1.485
1.586
1.666
1.391
1.389
1.335
1.505
1.623
1.678
1.391
1.386
1.342
1.507
1. 607
1.758
r
.251
.400
.482
.609
1.336
1.338
1.250
1.404
1.476
1.619
1. 652
1.659
1.674
1.700
1.680
1.724
' 1. 688
1.692
1.830
r
1.510
1.519
1.529
' 1. 559
1.544
1.564
1.600
1.652
1.666
' 1. 703
1.488
1.496
1.515
1.522
1.539
1.561
1.576
1.580
1.610
' 1. 622
' 1. 638
'1.654
p 1.657
1.519
1.569
1.446
1.521
1.576
1.453
1.526
1.583
1.451
1.536
1.595
1.464
1.564
1.607
1.467
1.580
1.626
1.485
1.606
1.655
1.523
1.617
1.675
1.539
1.636
1.698
1.555
r
T
1. 672
1. 728
1. 572
1.688
' 1. 746
r
1. 584
p 1. 745
p 1.587
1.706
1.748
1.612
1.638
1. 646
1.438
1.292
1.698
1.731
1.608
1.646
1.633
1.444
1.302
1.727
.770
.605
.629
.647
.448
.301
1.728
1.766
1.615
1.685
1.647
1.442
1.302
1.735
1.778
1.626
1.654
1.653
1.466
1.319
1.770
1.818
1.667
1.612
1.701
1.496
1.331
1.781
1 830
1.675
1.642
1.726
1.524
1.347
1.790
1 842
1.693
1.666
1.729
1.544
1.351
1.816
1 865
1.734
1. 671
1 773
1.567
1.379
T
1 813
r
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
Primarv metal industries
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of non ferrous
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
Automobiles
Aircraft and parts
Ship and boat building and repairs,
Railroad equipment
Instruments and related products ._
Miscellaneous mfg. industries
55.65
52.83
54.90
35.00
Non manufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
1ST nmpt lip mining nc\ nna
54.73
56.94
52.17
54.14
55. 64
54.79
44. 32
52.37
do
do
do
do
do
do
do...
51.82
62.29
r
1.355
.365
1.375
do
1. 358
do. .
1.340
1.339
.340
1.346
.407
1.419
1.398
1.403
do
.241
1.263
1.248
1.242
do .181
1.153
1.221
1.210
do. _ 1.292
1.271
.270
_. do _
1.277
.642
1.681
do__.
1.623
1.631
fRevised series. See note marked "t" on p. S-ll.
1.374
1.341
1.423
1.257
1.180
1.300
1.656
1.379
1.342
1.501
1.271
1. 148
1.307
1.647
1.404
1.366
1.501
1.275
1.211
1.309
1.662
1.419
1.386
1.509
1.284
1.245
1.319
1.658
71.31
1 443
1.415
1 547
1 302
1.252
1 323
1.694
r
64.57
'71.18
r
r
r
1. 555
' 1. 630
1. 656
r
1.376
1.371
' 1.362
' 1. 526
1.628
1.789
r
r
r
r
r
r
r
' 1. 560
1.638
' 1. 656
r
1. 569
' 1. 651
' 1. 694
p 1. 574
P 1. 652
P 1. 708
'1.380
' 1. 368
1.360
r
1. 387
' 1. 537
1.610
r
1. 785
P 1.411
r
r
r
1. 376
1.375
r
1.527
r
1.611
r
1. 769
1.882
1. 663
r
1.716
' 1. 556
r
T
1.806
1 847
1. 757
1.660
1 766
1. 574
1. 389
1 456
1. 438
r i 538
r
1 340
r
1.290
r
1 324
1.738
71.81
1.834
r
T
T
r
1.678
r I
r
r
r
r
r
r
859
1 754
1. 702
1 738
1 593
1. 406
1 457
441
517
350
.295
r
332
.759
r
p 1. 787
1.848
1. 676
P 1. 378
p 1.539
r
r
1.832
1 880
1 764
1 705
1 822
1 603
1. 406
r 1 460
r
1 443
1 533
1 348
1.296
1 328
1.759
p 1 821
P I 615
P 1 405
F i 465
f 1 450
SURVEY OF CURRENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-15
1951
1950
April
May
June
August
July
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
EMPLOYMENT AND POPULATION—Continued
WAGES —Continued
Average hourly earnings, etc.f — Continued
All manufacturing industries— Continued
Nondurable-goods industries — Continued
Tobacco manufactures
_ dollars. _
Textile-mill products
do
Broad- woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars _Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
_ do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries
dollars _ _
Newspapers
_
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes _ _
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal
__ .
do
Anthracite
do
Bituminous coal
__
-do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars
Nonmetallic mining and quarrying _ _ do
Contract construction
do
Nonbuilding construction
__do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
_.
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food and liquor stores..
_ __ _ _ d o
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)*
do] per hr
Railway wages (average, class I) .
do
Road-building wages common labor
do
r
1. 097
1.212
1.203
1.156
1.098
1.218
1.208
1.165
1.072
1.228
1.214
1.173
1.076
1.295
1.300
1.216
1.123
1.307
1.306
1.238
1.124
1.313
1.313
1.240
r
1.170
1.335
1.194
1.334
1.225
1.355
1.207
1.349
1.220
1.366
1.206
1.387
1.257
1.474
' 1.285
' 1. 469
.983
1.317
1.373
1.431
.982
1.357
1. 396
1.466
.979
1.430
1.417
1.494
.985
1.492
1.426
1.502
.994
1.442
1. 434
1.510
1.002
1.468
1.438
1.510
1.022
1.398
1.472
1.554
1.043
1.477
1.493
1.573
r
r
r
r
1.870
2. 153
1.799
1.470
1.574
1.877
2.173
1.801
1.485
1.578
1.879
2.171
1.813
1.507
1.597
1.878
2.164
1.817
1.529
1.622
1.881
2.160
1.805
1. 526
1.618
1.900
2.198
1.813
1.535
1.655
1.903
2.203
1.849
1.537
1.662
1.901
2. 212
1.831
1.560
1.683
1.920
2.242
1.844
1.578
1.693
1.810
1.904
1.544
1.775
1.172
1.129
1.805
1.898
1.566
1.815
1.174
1.125
1.814
1.911
1.572
1.824
1.172
1.122
1.829
1.925
1.592
1.862
1.174
1.128
1.816
1.911
1. 585
1.863
1.186
1.144
1.841
1. 935
1.589
1.845
1.200
1.152
1.868
1.969
1. 582
1.819
1.218
1.165
1.901
2.006
1.603
1 838
1.225
1.173
1.901
1.991
1.653
1.910
1. 234
1.177
1.512
1.974
2.022
1.517
1. 983
2.005
1.524
1.992
2.015
1.537
1.971
2.014
1.539
1.981
2.001
1.573
1.984
2.026
1.591
2.032
2.022
1.626
1.963
2.013
1.675
1.986
2.020
1.806
1.331
1.938
1.746
1.986
1.772
1.339
1.950
1.762
1.998
1.777
1.345
1.941
1.756
1.995
1.817
1.366
1.954
1.776
2.006
1.762
1.366
1.968
1.791
2.021
1.814
1.385
2.013
1.828
2.067
1.876
1.398
2.024
1.827
2.082
1.877
1.410
2.040
1.844
2.093
1.880
1.428
2.074
1.880
2.120
1.481
1.381
1.438
1.578
1.486
1.381
1.440
1.578
1.488
1.386
1.430
1.590
1.496
1.395
1.425
1.599
1.492
1.392
1.422
1.603
1.495
1.409
1.446
1.619
1.496
1.426
1.445
1.625
1.497
1.422
1.447
1.643
1. 511
1.440
1. 452
1.670
1.466
1.463
1.476
1.494
1.489
1.497
1.508
1.519
1.541
r
.960
1.270
1.318
.975
1.267
1.318
.984
1.270
1.357
.990
1.286
1.354
.991
1.278
1.396
.992
1.290
1.393
.992
1.295
1.393
.979
1.310
1.377
.969
1.313
1.381
r
.756
.850
1.002
.756
.857
1.016
.761
.865
1.024
.765
.858
1.015
.771
.858
1.004
.783
.870
1.023
.788
.873
1.028
.795
.879
1.025
.801
.883
1.029
1.493
2.478
1.511
2.485
1.528
2.517
1.538
2.524
1.561
2.544
1.561
2.554
1.568
2.565
1.574
2.571
.70
1.574
1.13
1.558
1.555
.73
1.579
1.20
1.552
1.586
.66
1.566
1.23
1.587
383
312
383
325
394
333
1.087
1.204
1.193
1.160
1.081
1.204
1.190
1.162
1.086
1.208
1.197
1.156
1.159
1.337
1.156
1.333
.986
1.335
1.376
1.445
1.140
1.320
r 1.317
«• 1. 265
1.057
1. 528
1. 506
1. 586
r
1. 140
>• 1. 322
1.318
r
1. 266
r
r
1.144
I. 320
1.310
1.271
P 1. 159
* 1.326
r 1.289
' 1. 263
1 483
P 1. 226
1 058
1.455
1.518
1.589
P 1. 520
r
1. 485
1.061
1. 523
' 1. 507
r
1. 586
r
r
•• 1. 933
2.224
1.852
' 1. 606
r
1.717
r
1.947
2.245
1.868
1.613
1.720
P 1. 948
' 1. 941
r
2. 038
' 1. 653
r
1.919
' 1.248
r
1. 198
r
' 1. 940
2 034
r
1. 642
1.896
r
1. 268
1.220
•P 1. 969
r 1. 701
r
1.987
' 2. 038
r
' 1. 908
r2.210
r 1. 837
1.595
' 1. 710
1. 932
2 024
1. 626
r
I. 884
r
1. 261
1.209
r
r
r
P 1. 620
p 1. 663
P 1. 271
1. 675
2.203
2. 211
1.677
2 185
2.219
1. 892
1. 453
2. 109
1. 909
2. 153
1.870
1.469
2 124
1.908
2.171
1. 537
1.468
1.451
1. 699
1.542
1.452
1.449
1.699
1.568
1 568
1 036
1. 334
1. 421
1 026
1.339
1.429
r
.804
.895
1. 047
.808
892
1.043
802
895
1 056
1.574
2.577
1.585
2.604
1 593
2.615
1 595
2 619
1.603
.79
1.585
1 30
1.659
453
356
470
369
479
381
456
387
356
551
361
592
1,986
998
958
40
339
650
323
700
r
1. 894
1.431
2. 092
••1.896
r
2. 135
r
r
r
r
r
r
r
r
r
1. 530
1. 450
1.451
1. 690
r
1. 555
1. 036
' 1. 332
r
1.411
r
r
r
r
r
r
1 595
2 619
78
1 23
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. ofdoLFarm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives
_ _ do
Short-term credit
_
do
Bank debits, total (141 centers)
New York City
Outside New York City
_ do
do
_do
Federal Reserve banks, condition, end of month:
Assets, total
mil. of dol
Reserve bank credit outstanding, totaL__do
Discounts and advances
.,
do
United States Government securities, .-do
Gold certificate reservesdo
Liabilities, total
_
do
Deposits, total.
.
_
do _ _
Member-bank reserve balances
do
Excess reserves (estimated) _ _ do
Federal Reserve notes in circulation
do
Reserve ratio
percent. _
237
257
231
250
255
540
247
564
1,816
980
931
49
246
589
91, 682
37, 025
54, 657
100, 301
41,463
58, 838
43, 895
18, 301
113
17, 796
23, 035
43, 895
18, 083
15, 878
676
22, 880
56.2
43, 525
17, 935
306
17, 389
22, 998
43, 525
17, 655
15,814
526
22, 836
56.8
335
259
279
240
374
286
397
308
246
606
251
606
1,838
988
941
47
269
582
305
546
331
519
1,861
989
946
43
350
522
107, 113
43, 781
63, 332
98, 509
38, 757
59, 752
115,490
50, 067
65, 423
110, 106
44, 910
65, 196
111,974
43, 837
68, 137
110, 132
43, 740
66, 392
125, 435
52 590
72, 845
123 224
48 207
75, 017
101 414
39 067
62, 347
129 172
53 171
76' 001
114 898
45 477
69 421
44, 284
18, 703
43
18, 331
22, 982
44, 284
18,316
15, 934
436
22, 921
55.7
43, 804
18, 466
219
17, 969
22, 886
43, 804
18, 139
16, 129
595
22, 841
55.8
44, 049
18, 820
82
18, 356
22, 389
44, 049
17,912
15, 989
219
22, 947
54.8
45, 604
20, 340
72
19, 572
22 235
45, 604
19, 197
16, 709
888
22, 997
52.7
44 826
19, 798
116
19, 252
22 045
44 826
18, 398
16 514
589
23, 075
53.2
45, 448
20, 638
161
19, 693
21 798
45, 448
18, 682
16 763
645
23,397
51.8
47 172
22, 216
67
20, 778
21 458
47 172
19 810
17 681
1 172
23, 587
49.4
47 738
23, 051
798
21,484
21 160
47 738
20 998
18 984
937
23, 026
48.1
47 368
23, 188
398
21,889
20 852
47 368
20 704
19 066
'700
23, 110
47.6
47 978
24, 150
275
22, 912
20 567
47 978
21 450
19 014
T 647
23, 041
46.2
46 883
23, 560
283
22, 742
20 567
46 883
20 748
18 901
P 444
23, 143
46.9
T
r
r
Revised.
*> Preliminary.
fRevised series. See note marked "f'' on p. S-ll.
§Rates as of May 1, 1951: Common labor, $1.608; skilled labor, $2.629.
*New series.
Comparable data prior to January 1948 are not available.
SUKVEY OF CUEEENT BUSINESS
S-16
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1951
1950
April
May
June
August
July
September
December
January
50, 546
October
November
February
51, 642
51, 220
50,649
49, 487
50, 163
50, 104
3,489
4,622
15, 379
50, 257
3,950
3,520
15, 338
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
TJ. S. Government obligations, direct and
guaranteed, total
.mil. ofdol
Bills
do
Certificates
do
Bonds and guaranteed obligations
do
Notes
do
Other securities
do
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:d*
Bank rates on business loans:f
46, 928
47,533
47, 972
48, 264
48, 995
49, 238 1
46, 672
3,601
1,668
15, 472
47, 856
3,571
1,982
15, 496
47, 925
3,611
2,350
15, 552
48, 555
3,443
1,946
15, 387
49, 368
3,321
2,390
15, 331
50, 198
3,245
2,338
15, 329
50, 445
3,362
1,805
15, 292
51, 305
3,371
1,624
15, 242
53, 518
3,393
1,572
15, 346
51, 760
3,657
1,622
15, 250
51, 813
3,640
2,588
15, 324
14. 717
633
10, 356
41, 525
14, 738
636
9,930
42, 070
14, 768
652
10, 098
42, 376
14, 613
638
10, 345
41, 466
14, 535
663
10, 125
41, 317
14, 537
662
10, 285
40, 265
14, 513
653
11,032
39, 850
14, 475
642
10, 854
39, 337
14, 578
642
12, 956
39, 795
14, 533
689
10, 818
38, 039
14, 495
703
10, 783
37, 312
14, 555
697
10, 384
37, 491
14, 477
732
10, 669
37, 447
35, 916
1,753
4,307
24, 080
5,776
5,609
25, 009
13, 420
1,813
36, 456
2,125
4,420
24, 193
5,718
5,614
25, 033
13, 359
1,801
36, 638
2,641
2,916
24, 433
6,648
5,738
25, 584
13, 602
1,717
35, 496
1,831
2,134
24, 513
7,018
5,970
26, 381
14, 022
1,934
35, 082
2,297
1,359
23, 539
7, '887
6,235
27, 253
14, 739
1,427
33, 845
2,391
1,156
22, 426
7,872
6,420
28, 502
15, 725
1,487
33, 535
2,481
1,048
22, 246
7,760
6,315
29, 387
16, 476
1,355
32, 984
2,044
1,124
22, 114
7,702
6.353
30, 586
17, 084
1,671
33,294
2,470
31, 557
1,651
30, 791
1,577
30, 886
1,933
30, 836
1,971
21, 573
9,251
6,501
31,417
17, 859
1,578
21, 205
8,701
6,482
31, 541
18, 120
1,554
20, 830
8,384
6,521
32, 189
18, 733
1,498
20, 744
8,209
6,605
32, 707
19, 202
1,512
20, 715
8,150
6,611
32, 661
19, 186
1,359
624
4,522
368
4,644
627
4,595
235
4,800
652
4,682
405
4,912
676
4,815
743
4,938
358
5,439
718
5,035
339
5,590
728
5,126
792
5,213
377
5,845
750
5,280
510
5,877
754
5,299
317
5,946
748
5, 331
412
5,910
718
5,369
425
5,930
727
5,419
491
5,935
1.50
4.08
2.00
1.50
4.08
2.00
2.34
2.67
3.22
1.50
4.08
2.00
1.50
4.08
2.00
1.75
4.08
2.00
2.32
2.63
3.13
1.75
4.08
2.00
1.75
4.08
2.00
1.75
4.08
2.00
2.51
2.87
3.28
1.75
4.08
2.00
1.75
4.08
2.03
1.75
4.08
2.03
2 74
3 02
3 42
1.75
4.08
2.06
1.75
4.08
2.10
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
1.16
1.44
1.63
1.63
1.31
1.66
1.63
1.63
1.31
1.73
1.63
1.63
1.31
1.69
1.63
1.63
1.31
1.72
1.63
1.63
1.39
1.86
2.13
2.00
1.50
1.96
2.13
2.00
1.63
2.06
2.13
2.00
1.63
2.13
2.13
2.00
1.159
1.45
1.166
1.45
1.174
1.47
1.172
1.45
1.211
1.45
1.315
1.55
1.329
1.65
1.364
1.62
1.367
1.64
1.387
1.66
1.391
1.67
1.422
1.86
1.520
12.03
11, 363
3,151
11, 411
3,125
11, 512
3,097
11, 476
3,061
11, 448
3,021
11,462
2,991
11, 464
2,967
11, 525
2,947
11, 646
2,924
11, 635
2,901
11, 625
2, 877
11, 648
P 2, 849
11, 662
P 2, 825
16, 639
Total consumer credit, end of monthO.mil. of dol__
11, 322
Instalment credit, total
do
6,511
Sale credit, total
do
3,470
Automobile dealers
do
Department stores and mail-order houses
979
mil. ofdol..
913
Furniture stores
do
518
Household-appliance stores
do
Jewelry stores
do
1
fttl
All other retail stores
do
17,077
11, 667
6,733
3,600
17, 651
12, 105
6,995
3,790
18, 295
12, 598
7,343
3,994
18, 842
13, 009
7,613
4,107
19,329
13, 344
7,858
4,213
19,398
13,389
7,879
4,227
19, 405
13, 306
7,805
4,175
20, 097
13, 459
'7,904
4,126
r
19, 937
'r 13, 252
7, 694
4, 056
19, 533 P 19, 378
13, 073 P 12, 975
7, 521
* 7, 368
3,990
v 3, 946
p 19, 121
p 12, 906
P 7, 273
p 3, 930
1,032
947
561
fifip;
1,081
976
597
695
1,123
998
658
727
1,159
1,028
702
756
1,170
1,019
705
1,172
1,003
702
17 to
"7KO
4,811
2,066
431
262
178
4,934
2,134
450
267
182
5,110
2,233
474
275
187
5, 255
2,316
5,396
2,401
192
197
5,486
2,462
524
295
201
5,510
2,460
524
294
201
785
945
144
797
959
145
816
978
147
826
995
149
835
1,009
150
844
1,010
150
do
do. ._
do
3,241
1,067
1,009
3,290
1,092
1,028
3,392
1,116
1,038
3,527
1,133
1,037
3,636
1,157
1,040
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
mil. ofdol..
Credit unions
do
Industrial banks.
__
do
Industrial-loan companies
do
Small -loan companies __ ._
do
307
70
37
28
154
348
83
379
93
381
84
43
46
45
32
168
34
175
32
166
OL ernorc er a
*f
~^
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 days (N. Y. S. E.)
do
Call loans, renewal (N. Y. S. E.)
do
Yield on TJ. 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__
TJ. S. postal savings
do
214
5,111
312
5,786
r
r
CONSUMER CREDIT
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-payment loansO
Service credit.
1,011
935
537
CCA
495
282
r
r
1,245
1,029
r
710
5,555
2,431
525
291
203
5,558
2,438
518
289
202
853
1,026
152
863
1,037
153
864
1,084
157
863
1,090
158
3,741
1,197
1,047
3,703
1,250
1,056
3,739
1,298
1,062
4,239
1,332
1,067
4,248
1,352
1,085
387
88
356
76
46
40
33
166
32
149
298
66
39
28
149
257
64
34
27
165
289
72
37
29
234
326
67
39
28
162
r
1,201
982
'694
5,501
2,435
521
292
200
r
r
514
290
1,162
956
••677
p
P 1, 108
P906
P635
p 694
5, 552
2, 441
515
286
202
P 5, 607
P 2, 476
P517
P286
P 5, 633
P 2, 497
P514
P287
P205
••856
1,094
158
r
P 1,133
P924
P655
*>852
P 1,112
P160
P850
p 1, 119
p 161
4,010
1,369
1, 081
P 3, 938
P 1,381
P 1, 084
P 3 744
P 1, 389
P 1, 082
296
64
35
27
158
P368
p 79
p 43
*>33
^207
P339
p72
P 41
P31
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
2,092
2,895
2,148
4,842
4,776
3,238
Receipts, total
mil. ofdol..
3,184
2,300
4,474
4,621
4,820
8,811
3,289
4,404
4,605
1,881
1,488
2,320
2,860
Receipts, net
_
do
2,851
2,056
4,211
4 257
4,448
5 622
2 626
34
39
52
40
47
Customs
,
.
.
do
38
54
54
57
49
57
59
54
1,232
1,359
3,947
2,016
3,875
2,108
Income and employment taxes 9 .
do
1,291
2,250
3,538
3,538
3 851
7 818
2 423
714
737
775
629
704
948
Miscellaneous internal revenue
do
746
764
808
853
797
838
690
69
146
140
129
73
All other receipts
do
138
144
133
117
173
122
96
123
2
3,013
2,962
4,296
2,515
2,847
3,520
Expenditures, total t-- . . . .
do
3, 102
3,742
3,170
3 808
3 211
4 058
4 007 i
184
1,611
271
134
646
136
229
Interest on public debt
do
142
968
514
156
580
253
449
402
Veterans Administration
do
509
504
465
466
460
472
470
443
426
456
427
r
1,024
964
1,149
1,037
1,007
998
1,338
National defense and related activitiesi_~do~~II
1,446
1,510
1,651
1,695
2, 057
P 2, 160
1,269
1,435
1,222
1.142
1,190
1,315
766
All other expenditures J _ _
do
1,045
808
1,171
934
'965
1,167
' Revised.
f Preliminary.
i Beginning April 1, 1951, includes 1*6 percent note of March 15, 1955, \% percent note of December 15, 1955, and 2^ percent bond of March 15,1956-58.
2
Data reflect a reduction of $1,746,000, representing net investments of wholly owned Government corporations and agencies in public debt securities which were classified as expenditures in July-October.
cfFor bond yields see p. S-19.
fRevised series. Annual averages for 1939-48 on the new basis are available upon request.
§Revised to reflect yields on bills issued rather than on bills announced; comparable data for January 1947-November 1949 are available upon request.
©Revised beginning 1929 to exclude nonconsumer single-payment loans; data prior to October 1949 are available upon request.
9 Revised beginning January 1950 to include employment taxes formerly shown separately. JRevisions for total budget expenditures (June 1948-January 1949) are shown at bottom of
p. S-14 of the April 1950 SURVEY; those for national defense and all other expenditures (July 1948-February 1949), on p. S-17 of the September 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
June 1 5
91
S-17
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
April
June
May
July
August
September
October
November
December
January
256, 937
254, 731
221, 191
33, 539
2,206
257, 077
254, 887
221 156
33 732
2,189
256, 708
254, 282
220, 575
33, 707
2,425
256, 125
253, 704
219, 712
33, 992
2,421
24
24
18
18
21
29
58, 096
436
448
58, 248
541
509
58, 191
476
653
58, 133
386
528
58, 020
359
560
57, 938
310
583'
February
March
April
255, 941
253, 382
219, 448
33, 933
2,559
254, 997
252, 553
219. 028
33, 525
2.218
254, 727
252, 280'
218 690
33 590
2,447
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE— Con.
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
mil. of dol__
Interest-bearing, total
do _
Public issues
do
Special issues
do
Noninterest bearing
_
_do
Obligations guaranteed by U. S. Government,
end of month
_ _
mil. of do 1
U . S . savings bonds:
Amount outstanding, end of month _ _ do _ _
Sales, series E, F, and G
do
Redemptions
_ _ _ do
255, 718
253, 516
221, 714
31, 802
2,202
256, 350
254, 183
222, 315
31, 868
2,167
257, 357
255, 209
222, 853
32, 356
2,148
257, 541
255, 403
222, 884
32, 518
2,138
257, 874
255, 764
223, 059
32, 705
2,110
257, 216
254, 968
221, 572
33, 396
2,247
22
20
20
16
18
20
22
57, 534
423
413
57, 576
416
454
57, 629
398
456
57, 655
417
505
57, 451
350
537
57, 473
310
475
58, 027
971
497
Government corporations and credit agencies:
Assets, except interagencv, total
mil. of dol
Loans receivable total (less reserves)
do
To aid agriculture
do
To aid home owners
do
To aid railroads
do
To aid other industries
do
To aid banks
do
To aid other financial institutions
do
Foreign loans
do
A.11 other
do
Commodities supplies and materials
do
TJ S Government securities
do
Other securities
do
Land, structures, and equipment
do
All other assets
do
24, 118
12, 502
3,773
1,316
113
515
3
451
6,116
485
2,186
2,101
3,483
2,924
923
24, 102
12, 769
3,684
1,387
113
539
2
708
6,103
498
1,739
2,112
3,478
2,931
1,073
24, 635
13, 228
3,884
1,528
110
458
0)
824
6, 078
531
1,774
2,075
3,473
2,945
1,141
Liabilities, except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities
do
2,238
2,097
2,406
do
do
do
18
774
1,446
19
1,108
970
23
1,190
1, 193
Privately owned interest
U. S Goverment interest
do
do
201
21, 679
214
21, 791
234
21, 995
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. _ _
.
_ _ _ _ _
doStates, territories, and political subdivisions-do
United Kingdom and Republic of the Philippines
mil. of dol__
Mortgages purchased
_
do
Other loans
_.
do
2
2
2
2
2,070
2,105
2,085
2,113
2,166
899
2893
890
2884
2883
2885
524
112
111
25
542
110
Ill
25
518
110
110
25
525
109
110
25
535
108
110
25
518
105
111
24
515
105
111
24
426
103
108
23
436
103
108
23
439
102
106
22
439
99
106
22
447
98
106
20
458
97
105
20
137
1,125
37
133
1,147
37
128
1,156
37
126
1,180
36
125
1,227
36
118
297
36
113
294
36
108
293
36
97
292
36
95
290
36
93
90
36
87
289
36
84
286;
36
60, 660
54, 839
60, 973
55, 034
61, 307
55, 311
61, 679
55, 675
61, 988
55, 909
62, 370
56, 224
62, 706
56, 334
63, 022
56, 652
63, 699
57, 158
64, 296
57, 592
64, 539
57, 881
64, 822
58, 060
65, 156
58, 309
931
733
15, 796
' 13, 643
' 9, 555
r
2, 909
r
9, 473
r
688
r
11, 183
r
1, 043
r
10, 140
r
1, 967
1,144
r
1, 216
54, 196
37, 674
15, 598
13, 453
9,638
2,914
9,524
719
11,379
1,054
10, 325
1,983
1,159
1,283
54, 476
37, 679
15, 383
13, 256
9,740
2,949
9,607
794
11,611
1,071
10, 540
1,994
1,176
1,222
54, 811
37, 781
15, 366
13, 242
9,806
2,948
9,661
726
11,821
1,085
10, 736
2,009
1,207
1,267
55, 078
37, 731
15, 170
13,011
9,900
2,961
9,699
725
12, 064
1,099
10, 965
2,024
1,216
1,317
55, 381
37, 758
15. 045
12, 839
9,943
2,973
9,797
712
12, 302
1,110
11,192
2,036
1,228
1,346
55. 669
37. 548
14, 687
12, 502
10. 042
2,988
9,831
848
12, 570
1,125
11, 445
2,047
1,244
1,412
55 932
37, 522
14, 414
12, 218
10, 092
2 987
10, 030
799
12, 866
1,136
11, 731
2,056
1,259
1,429
56, 519
37, 676
14, 221
12, 023
10, 187
2,998
10, 270
789
13, 252
1,148
12, 104
2, 067
1,278
1,457
56, 886
37, 593
14,064
11,865
10, 192
3,011
10, 325
863
13, 573
1,170
12, 403
2,078
1,286
1,493
57, 131
37, 577
13, 916
11,718
10, 225
3,005
10, 431
792
13, 848
1, 196
12, 652
2,089
1,296
1,529
57, 362
37, 414
13, 514
11, 307
10, 303
3 008
10, 589
908
14, 141
1,218
12, 923
2,107
1,304
1,488
57, 641
37, 342
13, 147
10, 927
10, 350
3 005
10, 839
977
14, 397
1, 239
13, 158
2,119
1,311
1,495
2,194
382
468
1,344
88
317
277
121
159
60
120
48
154
2,297
341
503
1,453
98
336
293
129
179
61
132
53
172
2,303
431
454
1,418
96
324
292
128
168
60
134
50
165
2,325
515
413
1,397
96
312
284
127
175
62
125
51
165
2,540
349
414
1,777
117
361
346
169
239
84
185
64
212
2,468
617
411
1,440
89
294
302
140
177
64
135
55
183
2,595
700
500
1. 395
95
320
299
128
162
65
121
48
158
2,692
881
455
1, 356
95
333
293
120
147
60
111
47
150
2,973
1,142
389
1,442
94
323
300
146
162
56
129
59
174
2,068
333
395
1,340
105
336
281
120
147
52
115
45
139
2,354
649
424
1,282
92
318
273
114
147
49
110
43
137
2, 463
429
486
1,548
107
381
326
137
173
57
143
56
169
2, 284
316
466
1,502
100
369
322
126
172
58
136
53
166
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
345, 502
304, 142
370, 946
304, 642
280, 449
302, 338
330, 149
277, 771
305, 847
295, 802
313, 640
estimated total
thous. of dol
137, 352
129, 006
157, 309
115, 933
141,539
131, 433
133, 973
117, 588
136, 412
137, 941
128, 731
Death claim payments
do
T
39, 566
35, 834
50, 856
41 , 556
40, 964
38, 190
48, 117
36, 949
40, 493
41, 298
40, 216
Matured endow ments
do
8,542
8,222
8,282
7,959
9,487
7,462
8,658
8,381
8,583
7,884
8,440
Disability payments
do
18, 131
22, 573
19, 077
21.056
27, 999
21, 090
21, 466
21, 568
21, 183
21, 253
19, 888
Annuity pavments
do
42, 439
87, 922
49, 887
48, 456
66, 004
45, 943
43, 378
57, 664
45, 139
44, 147
46, 463
Policy dividends
^do
50, 362
57, 024
54, 309
59, 291
52, 607
53, 161
55, 930
59, 356
50, 442
60, 244
52, 620
Surrender values
do
T
Revised. 1 Less than $500,000.
2 Excludes holdings of the Federal National Mortgage Association; this agency was transferred to the Housing and Home Finance Agency on Sept. 7, 1950.
366. 291
153, 724
47, 349
8,682
22, 689
71,371
62, 476
336, 397
146, 005
43, 726
8,831
21,715
57, 811
58, 309.
.
1, 009
997
2
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated total
mil. of dol
Securities and mortgages _
_ do
49 companies (Life Insurance Association of
America) , total
mil of dol
Bonds and stocks, book value, total
do
Govt. (domestic and foreign), total _ do
U. S. Government
do
Public utility
do
Railroad
do
Other
_
_do
Cash
do
Mortgage loans, total
do
Farm
do
Other
do
Policy loans and premium notes
do
Real-estate holdings
do
Other admitted assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance) :
Value, estimated total
mil of dol
Group
,
do
Industrial
do
Ordinary, total
do
New England
do__
Middle Atlantic
do
East North Central
do
West North Central
__
_ __do
South Atlantic
do__
East South Central
_
_do
West South Central
do__
Mountain
do
Pacific
-_
do
T
53,
r
37,
r
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 1951
1950
April
May
June
July
August
1951
September
October
November
December
January
February
March
FIN ANCE—Continued
LIFE INSURANCE—Continued
Life Insurance Association of America:
Premium income (39 cos.), total
thous. of dol__
Accident and health
do
Annuities
do
Group
-do
Industrial
do
Ordinary
_.do.
420, 371
33. 123
51. 566
31, 553
58, 570
245, 559
474, 305
39, 823
52, 132
38,311
70, 648
273, 391
539, 208
38, 584
72, 477
39, 351
75, 220
313, 576
24,231
-29, 873
1,553
14, 628
65, 885
39, 930
13, 082
6,819
24, 231
—17, 627
2,246
12, 274
66, 169
38, 940
12, 913
6,645
70
8,253
.726
1,219
6,126
.728
375
10, 408
.728
425
8,904
.728
334
17,371
.728
1,751
3,800
3,890
1,968
4,400
2,669
2,286
3.300
4,102
2,282
4,000
3,660
27,090
27, 156
27, 010
27, 120
172, 400
24, 700
173, 765
25, 185
173, 900
24,400
147, 700
85, 000
59,500
148, 580
85, 040
59, 739
149, 500
86, 500
59, 400
29.7
19.2
30.7
20.2
31.0
20.3
442, 303
34. 505
67,160
35, 432
61,966
243, 240
477, 976
43, 025
54, 865
42, 113
66, Oil
271, 962
476, 122
38, 796
48, 948
30, 101
75, 080
283,197
452, 453
46, 545
53, 741
38, 507
64, 925
248, 735
491, 850
43, 806
64, 141
37, 849
63, 386
282, 668
757, 998
67, 596
180, 356
60, 672
111.091
338, 283
550, 671
44, 905
106, 132
49, 667
77, 056
272, 911
511,135
49, 579
68, 709
44, 655
67, 666
280, 526
591.532
60, 565
71, 275
48, 500
80, 391
330, 801
489, 571
47, 472
69, 653
43, 044
64,519
264, 883
MONETARY STATISTICS
Gold and silver:
Gold:
24, 247
Monetary stock U S
mil. ofdol
Net release from earmark!
thous. of doL_ -59. 175
2,130
Gold exports
do
55, 419
Gold imports
do _
63, 247
Production reported monthly total J
do
37. 615
Africa
do
12, 941
Canada
do
6,717
United States J
do
Silver:
62
Exports
do
3,412
Imports
_
_. . _
_do__
.718
Price at New York
dol. per fine oz
Production:
1,454
Canada
thous. of fine oz
3,100
M^exico
do
4,224
United States
do
Money supply:
27, 048
Currency in circulation
mil. ofdol _
Deposits, adjusted, all banks, and currency outside banks, totalO
mil. of dol__ 171, 600
24, 600
Currency outside banks . _ _ _ _ _
_ do__ _
Deposits, adjusted, total, including U. S. depositsO
_-- _
mil. ofdoL. 147, 000
84, 300
Deman d deposits, adjusted, excl. U.S.- do
59, 500
Time deposits, incl. postal savings
do
Turn -over of demand deposits, except interbank and
U. S. Government, annual rate:
29.7
New York City
ratio of debits to deposits
19.4
Other leading cities
do
23, 627
24, 136
-89, 969 -431, 378
4,069
46. 368
4,146
2,556
64, 905
67, 390
39, 425
38, 969
12, 893
13, 177
7,890
7,078
23, 249
23, 483
-65, 889 -146,220
108, 448
95, 967
11, 998
2,519
65, 557
67, 027
38, 443
38, 306
12, 771
13,190
7,846
8,170
23, 037
22, 706
22 392
22,086 - 21,806 p 21, 805
-35,311 -237,935 -248,540 -184, 357 - 1 11, 239 101,914
161, 750
95, 825
112, 842
62, 824
110, 136 - 125, 704
3,117
2,833
2.242
2,245
2,340
2,257
37, 674
13, 258
7,545
37, 138
13, 407
6,960
13, 107
5,917
12, 147
5 916
5,784
335
12,350
.751
947
13, 870
.800
2,246
10, 602
.800
3,623
10, 999
.887
282
8,101
.902
1,932
7,674
.902
2,164
4,000
4,222
2,398
4,400
2,747
1,854
4,300
3, 433
1,879
4,000
3,939
2 015
3 800
3 769
1,589
3 300
3 374
4,371
27, 161
27, 228
27, 595
27, 741
27 048
27 188
'27. 119
332
9,782
.902
P 27, 274
174,800 - 175, 100 - 175, 900 - 176, 900 ' 179,906 p 178, 000 p 179, 000 p 178,900 p 179, 100
24, 500
24, 500
24, 600 - 24, 900 ' 25, 398 •P 24, 600 v 24, 600 p 24, 400 P 24, 600
150, 300 - 150, 600 - 151,300 ' 152, 000 ' 154, 508 T 153, 400 p 154, 400 p 154.500 P 154, 500
87, 400 - 88, 000 - 89, 200 ' 90, 300 ' 92, 272 p 91, 600 P 90, 600 P 89, 000 P 89, 500
59, 000
59, 100
59, 000
58, 700 - 59, 247 P 59, 000 T 59, 000 p 59, 100 P 59, 200
33.8
19.9
34.2
21.5
30.7
20.9
31.4
21.7
37.2
23.0
32 9
22 0
30 7
21 5
35.5
22.5
519
442
436
242
41
154
6
77
77
13
45
19
834
649
594
365
48
181
5
184
184
27
154
3
1,^33
1,022
1,001
795
48
158
21
211
180
82
88
10
32.5
22 3
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve):*
Profits after taxes, total (200 cos )
mil. of dol
Durable goods total (106 cos )
do
Primary metals and products (39 cos ) do
Machinery (27 cos )
do
Automobiles and eQiiipment (15 cos ) do
Nondurable goods total (94 cos )
do
Food and kindred products (28 cos ) do
Chemicals and allied products (26 cos ) do
Petroleum refining (14 cos )
do
Dividends total (200 cos )
do
Durable goods (106 cos )
do
Nondurable goods (94 cos )
do
Electric utilities, profits after taxes (Fed. Res.) 9
mil of dol
Railways and telephone cos. (see p. S-23).
'1,046
'693
225
'93
330
353
'58
141
95
393
218
175
-1,245
777
255
108
358
468
88
176
131
-583
-370
-213
*>958
v 576
P 206
p 140
T> 186
P 382
P 59
T 127
p 130
P 873
P 541
"p 333
212
171
T> 211
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
_ mil. ofdol
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
700
540
520
327
23
170
20
160
160
89
65
6
1,061
771
770
427
39
304
1
290
282
237
31
14
1,285
954
949
598
18
334
330
330
276
35
20
579
505
505
292
8
204
0
75
75
21
53
1
795
555
529
263
0
265
26
240
190
134
48
8
943
707
687
270
145
272
19
236
219
20
193
6
794
651
646
465
0
181
5
143
77
77
63
3
752
598
584
229
0
356
14
154
154
74
65
14
840
630
630
394
98
138
0
210
210
103
79
28
Securities and Exchange Commission^
' 1, 239 ' 1, 947 ' 1, 454 ' 1, 514
' 1, 236 '1,534
' 1, 657 ' 2, 305
'1,357
Estimated gross proceeds, total
do
1,740
1,374
1,126
1,180
By type of security:
r
' 1, 160
- 1, 160
'1,511
2, 051
' 1, 159
- 1, 480
- 1, 754
Bonds and notes, total
do
' 1,383
' 1 412 1 112
1 545
1 083
1 084
'343
-329
'502
-809
'245
-350
-332
'341
Corporate
__
. do __
'466
814
341
206
396
'75
47
18
48
136
160
Common stock
do
88
23
59
143
34
34
192
'30
'36
-62
30
Preferred stock
_
do...
'71
'93
- 106
8
-48
43
52
34
100
By type of issuer:
'647
-397
-408
'322
Corporate, total
do
••547
'1,063
- 526
- 412
- 569
274
383
1 009
688
'157
339
-55
-179
72
' 72
Manufacturing* .._ .
_
do. .
'38
- 176
- 137
- 169
304
38
65
317
'278
-555
-215
58
' 160
-238
Public utilityf
do
' 164
' 175
134
155
222
266
T 77
'27
'68
-39
' 10
10
- 19
Railroad
_ _
do
- 19
- 70
44
26
30
20
r
7
2
2
24
13
20
- 65
- 10
Communication*
do
- 16
- 15
-5
426
23
r
- 109
34
39
'29
'31
- 127
Real estate and
financial
do
- 27
' 42
31
28
40
20
13
r 945
1,010
913
810
1,242
1, 137
Noncorporate, total
do
' 831
1 422
1 042
742
731
906
686
'633
689
531
706
773
U. S. Government
_
do_ _
882
r 520
1,228
655
502
730
451
319
205
299
State and municipal
do
176
359
279
189
384
175
166
162
185
230
' 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 1948April 1949 and January-March 1950 for securities issued (SEC data) are available upon request.
OU. S. Government deposits at Federal Reserve banks are not included.
*New series. Data on profits and dividends cover large manufacturing corporations (total assets end of 1946, $10,000,000 and over); quarterly averages for 1939-48 arid quarterly data for
1946-March 1948 are shown on p. 23 of the June 1950 SURVEY. Data on securities issued for manufacturing and communication for January 1948-May 1949 are available upon request.
9 Revisions for 1946-48 are available upon request.
tRevised series. Data (covering electric, gas, and water companies) are available beginning January 1948.
SURVEY OF CURRENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-19
1951
1950
April
May
June
August
July
September
October
November
December
January
February
March
April
FINANCE—Continued
SECURITIES ISSUED—Continued
Securities and Exchange Commission:}:— Continued
New corporate security issues:
Estimated net proceeds, total
mil. of dol._
Proposed uses of proceeds:
New money, total, . ._
do .
Plant and equipment
do
Working capital
do
Retirement of debt and stock, total- -do
Funded debt
_ _ __ ..
do
Other debt
__
do
Preferred stock
do
Other purposes
do
Proposed uses by major groups:
Manufacturing, total*
do
New money _
.
___
do
Retirement of debt and stock
__do
Public utility, totalf
.
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
'537
^636
••363
'269
' r191
78
'353
' 180
' 134
40
'•-SOS
' 56
••164
'85
' 65
14
9
'36
' 18
' 15
272
r
212
' 59
r
r 27
r
23
4
r 24
r
r
23
1
108
'30
' 76
'318
'392
'399
'514
'406
'562
269
378
994
674
' 214
' 148
' 66
'45
'20
' 23
'2
60
' 222
' 180
T 42
'152
' 136
' 10
'5
r
19
'300
' 243
' 57
'62
' 23
'31
'306
' 256
' 50
' 177
' 68
' 92
' 17
'31
'306
' 189
' 117
'88
'51
' 24
13
' 12
'345
' 242
' 103
' 168
'83
'84
r 14
'618
'450
' 169
'377
'305
' 66
'6
' 54
'49
243
193
49
25
12
11
2
2
314
243
71
57
28
27
2
6
845
699
146
121
68
53
0
28
534
445
88
94
10
33
52
46
' 154
'53
'98
312
' 104
'202
' 67
'38
' 29
13
'4
'9
'30
' 26
1
' 175
' 115
'38
' 549
'365
' 173
' 76
' 11
' 50
64
3
' 61
127
' 90
'34
' 71
'48
'21
' 58
' 54
' 28
' 15
' 213
' 105
r 71
' 171
' 59
'97
' 233
' 172
'47
' 19
' 19
' 136
' 100
'30
' 162
' 122
'40
' 19
' 19
0
' 15
'8
'7
' 41
' 166
'119
'43
'173
' 140
'33
' 69
' 13
56
4
'4
'0
'30
T
11
'5
37
29
8
132
126
6
44
44
0
2
2
0
27
25
1
64
53
9
219
199
20
26
8
18
2
2
0
39
33
3
298
219
73
151
97
36
30
30
0
423
422
333
257
73
260
213
18
20
20
0
23
23
0
12
9
0
' 1, 049
r 44
13
' 10
' 10
o
r 20
r 19
' 1
r 33
25
'2
r 107
r 39
' 35
4
' 10
6
'4
' 38
22
r 13
r g
37
'45
22
' 158
r 139
' 12
' 10
' 10
o
5
r 2
r 29
' 23
5
o
' 15
' 12
'3
' 26
' 23
'2
r 35
2
r 1
180 040
0)
20
16
2
205,771 ' 169, 623 229, 706
158,609 ' 89, 529 191, 524
184 192
114, 088
355 150
119,129
361 302
79, 256
206 855
136 896
322 795
172 489
290 006
39 798
229 427
123 887
394 581
202 771
170 557
176 520
115,289
142
342
190
387
154
370
167
518
132
336
143
275
132
253
243
317
227
391
265
449
186
480
181
426
155
409
1,084
678
619
1,175
657
750
314
1,256
673
827
1 208
712
755
1 231
780
752
1 284
738
751
1 351
771
759
1,360
796
774
397
1,356
890
745
1,411
948
690
1,367
953
642
1, 304
918
715
1,286
879
661
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
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
99. 30
100.94
100. 90
101. 18
101. 43
98.72
100. 93
total§
dollars. . 101. 53
100. 82
101. 25
101.06
100. 83
101. 33
101 38
99 24
99.77
101 69
101. 84
101. 94
101.37
Domestic
do
101 45
101 30
101 72
101 52
101 27
101 79
71.94
72.56
71.71
75.89
73.92
75.81
71 85
70 41
Foreign
do
71 88
71 71
72 56
74 05
73 37
Standard and Poor's Corporation:
Industrial, utility, and railroad (A1+ issues):
121. 4
121.3
122.1
122.5
119.4
121.1
122.0
Composite (17 bonds) * _ _ _ dol. per $100 bond-117.8
121.1
121.5
121.1
121.7
122. 1
135. 5
140.5
131.2
140.7
131. 5
137.4
131.0
131.9
137.0
Domestic municipal (15 bonds) _
-__ . do
135.2
134 8
131.1
136.4
100. 28
101.44
102. 73
1C2. 87
102. 42
101. 56
98.93
101. 53
U. S. Treasury bonds, taxable
do
101. 69
102. 24
102. 28
101. 90
101. 64
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
72, 842
112, 608
84, 941
77, 203
77, 922
106, 614
97, 580
100, 444
Market value
thous of dol
76 914
68 654
82 962
106 848
77 833
83, 272
135, 822
86, 108
97, 114
113, 114
108, 793
96, 720
94, 709
120, 019
Face value
do
100 627
132 672
84 250
93 748
New York Stock Exchange:
70, 081
104, 014
110, 023
74, 563
82, 036
75, 161
95, 099
97, 466
Market value
do
74, 646
103 389
80 536
65 795
74 681
79, 406
132, 186
82, 658
105, 659
92, 926
90 132
116, 476
93, 378
109, 088
80 272
Face value
do
97 044
91, 786
128 381
New York Stock Exchange, exclusive of stopped
76, 668
82 347
86 996
111, 222
76 030
120 000
85 117
105 474
sales face value, total §
thous of dol
87 260
80 583
76 484
113 040
83 9S2
9
1
0
24
14
23
10
U. S. Government
do
1,946
12
13
12
37
1 636
76, 659
119, 999
86, 996
82, 333
111, 199
105, 464
85, 093
74, 084
Other than U. S. Government, total §
do
76, 472
87, 247
80, 571
113, 003
82, 346
68, 618
77, 384
101, 824
76, 453
75, 038
97, 132
110, 535
67, 413
78, 641
Domestic
. - . _ _ _
do
74, 865
105, 879
68, 717
74 340
8,009
9,592
9,355
9,446
8,262
8,616
7,261
6,601
8,602
Foreign
do
7,044
7,740
5, 688
7 981
Value, issues listed on N. Y. S. E.:
114, 382
115,801
116, 165
115, 952
125, 353
124, 633
100, 247
118, 507
125, 209
Market value, total, all issues§
mil. of doL_ 125, 497
118, 861
125, 257
118, 417
112, 758
114, 541
114, 163
122, 957
123, 766
123, 633
114,347
98, 630
117, 158
116, 870
Domestic
___
- __
do
123, 607
123, 581
116 802
1,377
1,374
1,389
1,354
1,466
1,421
1,373
1 451
1,385
1,477
Foreign
do
1 375
1 362
1 396
115, 183
114, 769
114, 889
114,808
123, 610
123, 581
123,471
Face value, total, all issues§-_
- _ ... do
101,545
117, 544
117,618
123,612
123, 660
117,441
113,019
112, 643
112,605
112,716
121,411
99, 384
121, 298
121, 400
115, 367
121, 493
121, 437
115,409
Domestic
___
__
do
115 334
1,914
1,914
1,916
1,923
1,912
1,917
1,923
1,949
1,931
1,959
1,927
1,924
Foreign
do
1 857
Yields:
2.96
2.86
2.85
2.88
2.84
2.87
2.86
2.88
Domestic corporate (Moody's)
percent- 3.07
2.86
2.90
2.85
2.88
By ratings:
2.78
2.66
2.66
2.67
2.62
2.61
2.64
2.87
2.61
2.67
2.65
2.60
Aaa
- -. do
2.67
2.82
2.72
2.71
2.71
2.71
2.69
2.69
2.93
2 67
2.72
2.66
2 72
2 72
Aa
do
3.00
2.91
3.11
2.89
2.88
2.92
2.90
2.86
2.88
A
do
2.88
2.91
2 87
2.92
3.23
3.35
3.16
3.21
3.23
3.20
3.25
3.17
3 23
3.22
3.28
3 22
3 32
Baa
do
By groups:
2.81
2.69
2.69
2.70
2.64
2.65
2.66
2.89
2.68
2 69
2 70
2.70
2 66
Industrial
do
2.96
2.85
2.86
2.87
2.84
2.79
2.81
Public utility ...
__
.
do
3.07
2.85
2.86
2.81
2.80
2.83
3.11
3.07
3 24
3 01
3 19
3.15
3 03
3.07
3.08
3.12
Railroad
do
3 09
3 08
3.08
Domestic municipal:
1.82
1.94
1.58
1.63
1.85
Bond Buyer (20 bonds)
do
1.70
1.75
1.75
1.83
2.03
1.99
1.85
2.00
1.62
2.09
1.87
1.77
1.88
1.82
1.79
1.90
2.09
Standard and Poor's Corp. (15 bonds) - do.
2.05
2.07
1.61
2.08
2.39
2.39
2.36
2.34
2.47
2.40
2.33
2.38
2.31
U. S. Treasury bonds, taxable
do
2.56
2.38
2.33
2.30
'Revised.
1 Less than $500..000.
{Revisions for 1948-April 1949 and January-March 1950 are available upon request.
*New series. For S. E. C. data, see corresponding note on p. S-18. Bond prices are averages of weekly data for high-grade corporate issues; monthly data beginning 1900 are available upon
request.
tRevised series. See corresponding note on p. S-18.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price
of all listed bonds.
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 1951
1950
April
May
June
July
August
1951
September
October
November
December
January
February
March
April
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil ofdolFinance
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) f~
do
Railroad (25 stocks)
do ..
Bank (15 stocks)
do
Insurance (10 stocks) _
do
483.2
78 4
216.0
5.6
210.6
31.3
120.1
3.0
892.1
73 5
549. 5
64.6
509.4
113.3
224.1
5.2
212.9
42.2
106.5
3.6
1,152.2
73.4
800.7
80.1
489.4
86.0
221.2
6.0
232.0
34 8
123.1
2.5
2,141.8
199 0
1,459 3
146.1
493 4
108 8
176 7
4.0
219 3
40 1
108 1
19
1 049 6
67 0
680 9
78 4
63.0
49.3
19.4
41.8
9.7
.6
42.0
3.0
7.6
3.0
30.5
60.5
42.4
48.4
22.7
61.1
48.9
9.3
37.1
10.4
.6
41.1
7.0
7.5
4.4
30.3
58.6
30.7
54.1
24.3
59.9
49.3
13.4
44.5
9.1
.6
43.2
14.0
8.5
5.3
29.7
74.5
92.3
90 5
50.4
66 9
51.1
15 8
59 8
10 3
7
42.6
80
15 6
23
32.6
64.2
60 3
41 4
24 8
3.29
3.47
1.71
2.11
2.47
2.41
3.32
3.51
1.74
2.04
2.47
2.41
3.34
3.53
1.74
2.04
2.48
2.41
3.39
3.59
1.78
2.04
2.48
2.43
3.63
3.91
1.78
2.05
2.48
2.43
3.66
3.95
1.78
2.15
2.50
2.43
3.84
4.17
1.84
2.24
2.50
2.43
4.04
4.40
1.85
2.45
2.60
2.66
4.06
4.44
1.85
2.47
2.61
2.71
4.11
4.49
1.85
2.54
2 65
2.71
4.11
4.48
1.85
2.55
2 65
2.71
4.11
4.49
1.86
2.55
2 65
2.71
4.15
4.52
1.87
2.58
2.65
2.73
Price per share, end of month (200 stocks).. do
Industrial (125 stocks)
do
Public utility (24 stocks) f
do- .
Railroad (25 stocks)
do
55.05
56.17
32.47
31.38
57.32
58.79
33.51
31.64
54.09
55.56
31.07
29.49
54.98
56. 43
29 73
34.61
56.80
58.68
30.07
34.25
58.87
61.27
30.58
35.62
59. 13
61.65
30.55
35. 03
59.37
61.77
30. 34
35.70
61.80
64.46
30.81
40.95
65.01
68 21
31.86
44.34
65.57
68.61
32.82
42.90
64.25
67.40
31.77
40. 52
67.20
71 15
31.78
42 17
Yield (200 stocks).
percent-Industrial (125 stocks)
-do
Public utility (24 stocks)f
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) f
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)
percent. Prices:
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..
5.98
6.18
5.27
6.72
4.38
3.44
5.79
5.97
5.19
6.45
4.26
3.29
6.17
6.35
5.60
6.92
4.54
3.41
6.17
6.36
5.99
5.89
4.50
3.74
6.39
6.66
5.92
5.99
4.50
3.51
6.22
6.45
5.82
6.04
4.45
3.27
6.49
6.76
6.02
6.39
4.63
3.22
6.80
7.12
6.10
6.86
4.61
3.43
6.57
6.89
6.00
6.03
4.71
3.43
6.32
6.58
5.81
5.73
4.73
3.52
6.27
6.53
5.64
5.94
4.48
3.52
6.40
6.66
5.85
6.29
4.61
3.45
6.18
6.35
5.88
6.12
4 74
3.41
3.82
3.82
3.85
r
'9.44
'2.54
9.80
'8 66
2 58
' 5 73
r
3.92
9 08
' 2 62
11 84
r
3.85
3.85
3.88
3.88
3.89
3.87
3.87
4.00
4.11
82.91
229. 32
40.63
69.09
82.56
229 38
40.41
68.32
84.24
229. 26
39.59
74.04
90.86
244 45
42.06
82.05
94.98
253. 32
42.87
88.09
92.39
249 50
43.03
82.66
92.86
253 36
42 36
82.59
75.86
212. 67
42.86
55.72
77.68
219.36
43.61
56.36
77.37
221.02
43.04
54.96
73.22
205. 30
38. 69
56.46
77.56
216. 60
38.88
62.48
80.21
223. 21
39.44
65.93
141.8
150.0
141.4
148.7
111.0
109.5
104.5
166.7
146.9
156.1
148.9
152.4
112.8
109.7
107.9
166.4
147.7
157.6
149.7
154.6
111.5
107.1
108.5
171.0
138.2
147.3
138.6
141.8
103.0
109.7
102.2
157.1
147.2
158.0
149.4
149.1
104.2
120.6
104.6
159.2
151.7
163.3
153.2
155. 4
104.9
125.1
105.8
168.7
157.8
170.7
159.3
164.9
106.2
129.2
105.4
175.1
156.1
168.8
159.9
160. 2
105.0
126.5
104.6
180.2
158.4
171.2
164.3
157.8
104.4
139.4
105.2
184.2
168.6
182.6
175. 2
165.9
108.6
152.8
106.3
185.7
174.7
189.6
181.5
171.0
111.0
159.1
109.8
180.5
170.3
184.4
175. 0
169.0
111.2
148.7
110.2
180.7
172.3
187.3
179.4
168.8
110.2
148 7
106.1
181.9
1,807
86, 339
1,866
81,089
1,949
72, 396
1,930
72, 026
1,700
65, 977
1,608
63,712
2,090
84, 451
1,864
66, 685
2,261
93, 209
2,969
122, 363
2,086
82, 631
1,683
67, 480
1,547
67, 024
1,532
64,018
1,605
62, 181
1,680
56, 257
1,692
57, 074
1,456
50, 038
1,380
48, 009
1,796
64, 422
1,618
51, 231
1,981
72, 737
2,572
91, 995
1,791
61, 534
1,442
53, 327
1,320
50 583
48, 245
41, 604
45,647
44, 549
38, 473
38, 594
48, 390
43, 085
59, 820
70, 181
41,234
35, 625
34, 290
85, 625
2,225
80, 652
2,236
82, 000
2,247
85, 053
2,257
88, 673
2,272
88, 525
2,325
89, 506
2,333
93, 807
2,353
99, 340
2,384
100, 246
2,391
98, 112
2,421
102, 747
2, 437
82,415
2,213
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY) J
mil. of dol
- do
do
do
r 3, 526
' 2, 615
••385
'526
' 3, 494
' 2, 498
r
477
'519
' 4, 148
r
3, 106
T
518
' 524
4,441
3 408
443
590
Imports of goods and services, total
do
Merchandise, adjusted
- do
Income on foreign investments in U S
do
Other services
__
do _
' 2, 709
' 2, 007
125
r
577
' 3, 374
' 2, 533
r
90
'751
' 3, 515
' 2, 815
' 146
r
554
3,871
3 199
83
589
'+817
'-1,246
'-124
'— 1, 122
'+120
r 972
'-107
'-865
U.S. long- and short-term capital (net), total do .
Private
do
Government
do
'-220
'-181
'-39
'-872
'-835
'-37
'-264
Foreign long- and short-term capital (net)
+638
'+809
r
Exports of goods and services, total
Merchandise adjusted
Income on investments abroad
Other services
Balance on goods and services
__
Unilateral transfers (net) total
Private
_ _ . __
Government
_ __ do _
_ _
do
do_. .
do
do
Increase (— ) or decrease (+) in U. S. gold stock
mil of dol
+29
+740
Errors and omissions...
'-18
'+175
1
do. ._
'+633
r
—r 1 237
127
'—1 110
+570
— 1 150
110
— 1 040
—293
'—6
236
—57
+187
— 104
+771
+8Q3
r
258
r
-90
+84
Revised.
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.
^Revised beginning 1948. Data prior to June 1950 will be shown later.
SUEVEY OF CURRENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-21
1950
April
May
June
July
August
1951
September
October
November
December
January
February
March
April
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES— Continued
FOREIGN TRADE t
Indexes
Exports of U. S. merchandise:^
Quantity
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
1936-38 = 100
do
do
187
325
174
194
335
173
203
355
175
178
315
177
173
308
178
201
368
183
196
366
187
211
398
189
221
431
195
123
280
227
141
319
226
143
331
232
143
342
240
161
399
247
156
402
257
170
445
263
152
410
271
151
418
276
98
124
89
122
103
157
69
104
78
109
88
73
80
58
86
67
do
do
126
150
102
120
102
124
98
125
101
109
120
98
116
90
do
do
104
98
103
105
108
118
113
126
134
146
122
128
4,430
6,432
5,519
6,962
5,586
7,496
i 5, 088
6,883
15,457
7,941
i 5, 817
7,468
do
do
do
1924-29 = 100
do
_
215
'435
'202
252
517
205
171
'496
* 289
151
'442
r
293
167
504
302
97
80
83
82
102
125
104
120
117
101
129
117
119
123
141
179
155
181
126
127
109
114
103
103
140
133
118
116
132
116
i 5, 885
8,285
i 5, 306
7,601
14,414
7,421
199
••393
' 197
r
Shipping Weight
Water-borne trade:
Exports, including reexports _ _ thous. of long tons__
General imports
do
1
4, 224
7,772
Value
Exports, including reexports, total
mil. of doL_
By geographic regions:
Africa
thous. of dol
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
Total exports by leading countries:
Africa:
Egvpt _
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 do
Latin-American Republics, total
do
Argentina
do
Brazil
_
do
Chile
do
Colombia
_
do.
Cuba
.do
Mexico
do_
Venezuela
_ _
_ _
do
803
829
877
1779
1761
1911
1905
1976
i 1, 063
29, 532
131, 790
259, 878
164, 506
111, 223
106, 184
29, 612
151,288
240, 199
191,369
109, 290
106, 756
36, 500
153, 058
279, 681
173, 978
108, 584
125, 617
29, 211
119,436
177, 928
166, 212
115, 565
100, 430
23, 446
122, 991
184, 334
160, 515
115, 213
108, 999
26, 276
133, 783
247, 575
179, 853
141, 857
124, 143
32, 390
120, 204
240, 681
200, 446
122, 630
113, 667
28, 605
148, 450
248, 050
196, 455
133, 237
141, 201
42, 108
153, 794
284, 380
185, 903
135, 004
150, 178
2,766
11, 816
3,411
12, 189
2,513
16, 652
3,315
9,170
1,680
9,803
2,442
9,695
2,359
8,345
3,570
9,939
4,531
12, 525
10, 437
1,392
838
18, 100
28, 009
7,591
23, 807
6,906
1,583
599
31, 473
35, 820
8,148
22, 184
12, 151
1,980
4,096
25, 003
33, 407
5,522
22, 214
5.986
1,757
3,038
17, 485
33, 552
3,518
17,073
6,646
1,369
8,904
11,922
31,103
4,001
16, 500
8,880
2,135
1,004
11,491
45, 225
6,468
17, 004
7,422
2,053
984
15, 547
36, 569
5,887
16, 508
10. 014
2.441
2,877
20, 434
35, 247
7,223
19. 988
10, 832
1,556
84
24, 042
42, 818
9,465
24, 303
20, 060
36, 798
39, 504
292
48, 693
25, 818
38, 222
34, 357
77
29, 267
37, 664
57, 203
39, 623
26
24, 389
14, 198
20, 135
17, 674
9
24, 046
14, 118
25, 852
18, 627
25
41, 581
24, 890
42, 652
23, 224
3
59, 538
30, 005
33, 471
22, 009
16
58, 109
35, 037
40, 149
21, 785
74
49, 790
35, 708
37, 587
38, 365
51
47, 563
164, 495
206, 027
10, 308
22, 537
5,749
22, 729
32, 944
36, 922
32, 731
191,302
205, 984
11,818
22, 075
6,112
23, 612
31, 323
36, 712
30, 285
173, 928
223, 697
14, 774
27, 696
5,697
28, 681
36, 695
40, 328
34, 713
166, 181
200, 074
8,963
28, 024
4,333
20, 878
38, 294
40, 308
26, 238
160, 511
214, 298
11, 600
33, 693
4,785
17, 004
41,116
40, 880
30, 507
179, 835
254, 457
10, 506
39, 494
4,235
18, 621
53, 143
47, 992
34, 923
200, 431
225, 732
11.440
30, 066
4,527
15, 520
45,018
45, 501
35, 383
196, 437
263, 456
14, 624
44, 766
6, 094
18, 706
42, 745
56, 059
36, 779
185, 892
273, 337
12, 774
44, 648
10, 430
22, 075
45, 465
56, 704
37, 759
Exports of U. S. merchandise, total
mil. of doL.
793
By economic classes:
Crude materials
thous. of dol. . 145, 804
62, 705
Crude foodstuffs
.
do
51,304
Manufactured foodstuffs and beverages, .do
87, 494
Semimanufactures 9
do
445, 785
Finished manufactures 9
do
By principal commodities:
228, 246
Agricultural products, total.
_
do
78, 675
Cotton unmanufactured
do
12, 544
Fruits, vegetables, and preparationscf.-do
65, 818
Grains and preparations
_
do
10, 463
Packing-house productscT1
do
1973
11,076
' 34, 514 ' 35, 365
r
156, 003 r 161, 848
' 244, 429 299, 770
195, 717 ' 194, 522
' 130, 037 ' 120, 857
134, 230
142, 598
' i 1, 280
i 1, 372
50, 114
211,078
317, 754
231, 962
161, 731
173, 657
5,357
12, 436
4,941
' 10, 866
4,430
19, 192
r 11, 147
7,430
4,893
8
19, 696
' 57, 556
10, 475
17, 980
15, 167
4,304
1
34, 535
67, 734
18, 415
24, 107
26, 104
49, 070
41, 141
15
55, 400
27, 290
40, 607
44, 320
2
63, 507
r
4,217
1
r 28, 277
r
38, 815
8,858
19, 604
r
r
f
29, 209
32, 381
28, 425
7
r 41, 900
195, 716 r 194, 519
' 253, 772 r 253, 002
16, 320
11, 970
36, 902
44, 378
8, 963
9,807
14, 062
16, 972
46, 374
44, 816
' 52, 744 ' 44, 095
34, 210
37, 880
231, 956
320, 247
16, 333
49, 196
16, 538
19, 063
59, 630
58, 985
46, 260
817
866
1768
1750
1898
1893
1965
'11,060
1 1, 261
168, 158
55, 020
48, 247
90, 279
454, 993
192, 101
58, 281
50, 342
93, 595
471, 905
107, 814
57, 324
55, 475
84, 179
462, 990
141, 600
56, 997
41, 500
84, 621
425, 515
175, 624
60, 246
56, 099
102, 968
502, 797
164, 321
65, 980
53,168
97, 835
511, 630
173, 538
72, 109
53, 544
108, 003
562, 242
185, 765
146, 860 ' 173, 870
80, 112 r 79, 206
114, 190
57, 121 r 56, 976
59, 106
117, 433 ' 104, 770 * 109, 259
609, 161 >• 570, 040 '604,041
173, 223
122, 980
76, 218
131, 405
757, 547
233, 957
90, 277
14, 492
54, 098
10, 036
262, 346
127, 948
16, 352
59, 984
12, 732
181, 143
46, 454
13, 746
73, 850
11, 581
199, 080
65, 970
12, 899
62, 012
13, 120
252, 815
75, 730
18,351
72, 426
12, 907
233, 644
60, 389
17, 484
72, 004
14, 013
266, 315
79, 581
14, 115
78, 102
12, 840
301, 173
97, 918
15, 389
86, 674
17, 739
* 253, 072 ' 307, 401
70, 348
98, 935
12, 484
13, 241
' 89, 383 122, 218
18, 452
' 19, 394
329, 889
83, 753
17, 917
129, 874
24, 981
748, 419
1,357
70, 543
66, 713
10, 361
39, 949
r 704, 781
1,313
r
78, 281
r
58, 105
4,491
r
46, 604
931, 484
1,981
1C4, 869
78, 746
7,653
55, 384
Nonagricultural products, total
do
Aircraft, parts, and accessories!
do
Automobiles, parts, and accessories^ §._do
Chemicals and related products d*
do
Copper and manufactures d1 do.
Iron and steel-mill products
do_ __
564, 846
7,985
46, 817
60, 220
6,580
39, 148
582, 740
9, 150
55, 263
60, 954
5,525
40, 639
603, 879
9,854
69, 099
65, 210
4,623
47, 956
586, 639
3,103
62, 927
53, 412
4,075
34, 189
551, 153
1,781
62, 996
57, 396
5,293
34, 826
644, 919
3,821
62, 705
65,713
5,339
38, 021
659, 289
2, 438
59, 169
61, 484
5, 520
36, 353
703, 121
2,672
71, 567
70, 184
5,884
39, 888
Machinery, total cf §
do
Agricultural cf
do_.
Tractors, parts, and accessories* §_
do. _
Electrical c?§
do
Metal working
do
Other industrial cf
do
Petroleum and products
_
__do
Textiles and manufactures
do
176, 395
10, 933
21, 926
31, 510
17, 374
74, 565
40, 143
44, 732
174, 190
10, 759
22, 795
29, 772
17, 037
75, 428
41, 002
41, 742
177, 522
10, 022
19, 921
34, 501
16, 784
77, 508
38, 677
44, 184
198, 175
9,807
20,411
28, 055
15, 578
72, 041
40, 671
32, 069
160, 821
10, 859
18, 227
26, 992
12, 857
59, 543
38, 144
38, 982
197, 501
8,801
16,341
34, 558
19, 530
76, 212
45, 665
45, 133
204, 169
5,984
15, 272
33, 166
19, 800
75, 241
47, 304
51, 414
220, 982
7, 838
19, 545
38, 556
16, 325
80, 790
48, 530
52, 344
i 1, 050
1958
' 753, 064
1,320
' 87, 230
62, 961
8,221
' 42, 007
1 1, 355
245, 786 ' 227, 388 ' 248, 635 318,016
8,460
8,289
12, 584
10, 437
21, 996
24, 064
' 21, 503 31, 173
40, 263
39, 929
36, 139
45, 834
17, 237
' 15, 494
13, 577
16, 237
88, 023
1C2, 417
79, 358
83, 131
53, 973
40, 332
39, 345
56, 163
54, 366 ' 58, 770
85, 550
59, 471
' Revised. l Total exports and various component items include MDAP shipments as follows (mil. of dol.): July 1950-April 1951, respectively—47.0; 21.4; 31.2; 52.4; 53.9; 76.3; 51.8; 94.8; 96.7;
$2.6. Beginning July 1950, certain items classed as "special category" exports, although included in total exports, are excluded from water-borne trade and from area and country data.
{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 nonagricul;ural exports group to the agricultural group have affected the pertinent series back to 1942. Revisions will be shown later.
^Index base changed beginning with the October 1950 SUEVEY. Data prior to August 1949 will be shown later.
9 Beginning July 1950, data for semimanufactures reported as "special category, type 1" have been included with finished manufactures.
d1 Data beginning 1948 have been adjusted in accordance with the 1949 commodity classifications. Unpublished revisions (January-July 1948) are available upon request.
§Excludes "special category" exports not shown separately for security reasons.
*New series. Not separately available prior to 1948; included with agricultural machinery.
SUKVEY OF CUKEENT BUSINESS
S-22
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1950
April
June
May
July
August
1951
September
October
November
December
January
February
March
April
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_
Italv
-- 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
_ _ d o _ _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__ -
585, 018
659, 090
685, 859
707, 884
819, 481
857, 864
922, 004
851, 694
864, 105
28, 657
139, 713
82, 993
132, 397
81, 706
119, 552
37, 550
137, 845
94, 594
167, 645
95, 844
125, 612
36, 660
149, 525
99, 455
178, 535
87, 653
134,031
33, 364
150, 435
100, 992
163, 438
94, 499
165, 155
39, 295
160, 086
120, 581
160, 379
119, 593
219, 547
63, 316
167, 384
136, 150
179, 020
97, 831
214, 162
39, 318
217, 060
162, 936
201, 005
93, 729
207, 956
35, 332
215, 443
166, 036
186, 366
86, 252
162, 264
55, 917
199, 742
156, 408
185, 695
91,228
175, 115
593
8,252
262
202
5,965
12, 225
19, 735
15, 543
355
11, 878
304
8,773
235
10, 850
16, 357
11, 363
3,268
17, 779
11, 008
17, 588
9,049
26, 644
10, 068
10, 357
19,362
13, 148
21, 771
11, 072
20, 585
17, 152
7,085
21, 589
7,421
25, 516
11, 728
22, 418
15, 580
13, 505
20, 420
8,972
23, 932
12, 159
22, 004
13, 758
10, 280
19, 393
9,883
30, 227
11,746
21,333
16, 744
15, 485
20,622
9,593
24, 749
14, 639
29. 883
18, 582
13, 875
21,026
5,546
31, 723
19, 647
33. 022
21,641
21,801
26,043
17, 099
39, 460
13, 767
27, 691
19, 792
20, 321
21, 347
19, 770
38, 230
16, 196
20, 254
17, 617
23, 281
19, 348
r
6,002
6,085
7,334
2,827
18,287
6,542
4,897
5,799
3,558
24,090
7,701
6,175
7,161
3,017
27, 174
8,262
6,268
6,590
4,300
26, 373
12, 614
8,528
9,412
2,182
36, 380
13, 888
11, 136
10, 390
6,420
31, 473
15, 476
15,162
16, 579
2,130
39,085
19, 283
16, 152
13, 904
1,439
42, 580
21, 176
14, 734
11, 945
1,899
32, 758
' 24, 789
r
18, 090
«• 13, 003
' 2, 259
37, 269
132, 251
186, 559
17, 686
43, 655
8,713
15, 663
29, 650
21, 277
26, 950
167, 500
206, 860
15, 881
45, 073
16, 248
13, 301
36,611
26, 577
23, 265
178, 259
207, 295
13, 840
37, 912
16, 621
15, 587
29, 078
25, 337
26, 959
163, 310
245, 564
17, 432
64, 998
7,977
26, 091
34, 124
22, 251
26, 882
160, 342
321, 473
18, 624
83, 679
15, 070
42, 650
54, 253
26, 502
29, 824
178, 845
297, 200
17,211
85, 034
14, 223
40, 474
42, 976
28, 716
26, 783
200, 804
283, 301
18, 138
82, 152
15, 613
38, 642
38, 238
27, 247
28, 972
186, 356
230, 537
17, 392
68, 733
13. 534
22, 675
24,143
31, 216
25, 078
185, 686
245, 665
13 977
63, 046
19 521
20 605
18, 506
35 124
24, 905
573, 441
653, 955
679, 365
701, 378
817, 771
824, 319
913, 535
841, 014
856 668
163, 326
109, 526
61, 793
130, 613
108, 184
167, 599
117, 240
75, 971
169, 031
124, 114
184, 242
119,916
75, 144
180, 499
119, 565
184, 216
154,611
83, 114
162, 642
116, 796
222, 891
181,499
103, 782
184, 146
125, 453
224, 467
179, 484
88, 151
196, 600
135, 617
255, 478
172, 039
87, 431
239, 423
159, 164
254, 801
142, 245
73, 251
214, 670
156, 048
269 943
148 150
63, 637
228 064
146 875
r
262, 740
64, 061
7,653
29, 598
1,588
30, 393
27, 925
310, 702
5,792
278, 891
58, 783
8, 506
23, 786
1,215
37, 067
31,055
375, 064
8,030
289, 210
56, 374
12, 026
33, 853
1,422
31, 109
31,044
390,155
5,300
331,731
105. 153
11.664
29, 994
1.706
34, 213
39. 247
369, 648
8,308
410, 125
130, 836
12. 481
39, 824
1,249
53, 309
46. 864
407, 646
6,281
393, 070
128, 376
10, 598
41, 109
2,571
40, 156
36, 757
431, 249
13, 689
405, 193
112, 567
12, 968
58, 922
3,159
35. 033
33. 394
508. 343
14, 279
363, 730
88, 085
11,418
68, 370
2,521
17, 494
38, 936
477, 284
9,313
356, 298
84 083
8 444
71, 309
2 020
14 564
38, 250
500 370
11 032
44, 835
11, 789
7,924
15, 898
33, 703
48, 292
71, 606
23, 283
17, 456
21, 438
44, 927
45, 295
80, 180
32, 771
14,911
?3, 945
40, 544
47, 299
63, 981
12, 779
21 , 230
20, 830
38, 410
45, 413
76, 417
14,598
24,016
21,577
34, 066
50, 255
68, 044
16, 649
17,413
23, 073
38, 933
47, 790
88, 887
29, 633
19, 788
26, 335
42, 000
55, 338
79, 044
19, 744
15, 243
27, 974
37, 142
50, 736
104 7*>6
28, 118
19 158
27 808
41 0^8
53 950
26, 067
22. 780
13,918
4. 112
r
1, 326
620, 156
27, 926
25,014
14,892
6 232
1 . 365
684 444
1,022,077
' 906, 960 1,099,619 1,024,400
' 55, 589 r 44, 570
248, 983 r 186, 905
' 180,538 ' 173, 819
r
184, 551 r 154,072
116, 409
127, 442
r
236, 007 ' 220, 152
r
66, 867
267, 120
193, 877
190, 603
128, 920
252, 233
4,572
14, 830
486
15,611
15, 896
12, 255
' 54, 828
r
12, 688
36, 775
r
17, 639
33, 603
••21,606
9,458
34, 089
5,700
27,293
16,650
18, 965
31, 287
42, 114
38, 989
4,879
37, 549
20, 101
25.550
29, 451
24, 403
14,257
12, 572
2,153
38, 606
31, 525
18, 913
13, 590
1, 338
37, 650
' 184, 421 ••153,828
r
330, 511 r 328, 939
r
27, 157
25, 881
r
85, 395
84, 856
r
15,341
16, 007
35, 041
27, 002
30, 822
39.915
31,548
29, 646
28, 834
26, 076
190, 578
363, 269
34, 749
100, 668
15, 400
27, 616
43, 546
32, 936
27, 002
r
r
r
291
1,016,795
r
906, 443 1,033 994
330 604
207,212
r
77, 052
r
238, 583
r
163, 343
r
282 993
201,301
86, 132
199, 906
136 112
311, 267
233, 869
92, 968
225, 746
170, 145
T
r
r
476, 223
139 327
8 516
63, 447
1 838
41 017
53, 692
430 220
10 258
538, 646
152 933
10 728
74, 345
2 081
40 491
84, 903
495 348
11 769
91 740
23, 466
r 27 066
32 313
39 742
59 661
61 194
22, 662
15 443
30 808
32 942
50 307
76 057
17, 952
23 219
30' 773
44 222
50' 246
28 445
25 316
29 780
12, 258
4 463
1 421
722 163
13, 087
4 704
1*324
663 767
13, 620
5 124
1 660
835 920
18, 007
19. 377
39
80
507, 460
142, 648
11 454
101, 076
2 102
29 381
r
66, 291
r
509 335
r
14 130
r
r
r
956 700
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
27,206
Miles flown, revenue
._ _
thousands
18, 121
Express and freight carried
short tons._
11,166
Express and freight ton -miles flown _ _ thousands..
3,493
Mail ton-miles
flown.
_
do
1.289
Passengers carried, revenue
___
do
617, 914
Passenger-miles flown, revenue
do
Express Operations
Operating revenues
thous. of dol . _ 18, 304
42
Operating income._ do
Local Transit Lines
9. 9562
Fares, average cash rate
cents
1,179
Passengers carried, revenue
millions
121,300
Operating revenues}:
_
thous. of dol
Class I Steam Railways
Freight carloadings (A. A. R.):d"
2,875
Total cars.
_ _._ _
_______
thousands
614
Coal
_
do
56
Coke
_ _
_
_____
_ _do.
r
160
Forest products
_
do
164
Grain and grain products
_do_
34
Livestock
do
72
Ore
__
do
341
Merchandise, 1. c. 1
do
1,434
Miscellaneous
do
r
28,868
19, 347
12, 418
3,741
1,419
665, 511
28, 591
20,717
12, 367
3,498
1,539
762, 097
28,860
18, 134
11,654
3,252
1,459
723, 803
28, 778
21, 776
13, 707
3,775
1,562
749, 845
18, 501
18, 174
17, 226
67
d5
223
10. 0268
1,214
124, 400
10. 0681
1,140
117, 400
2,980
572
56
171
159
34
239
325
1,424
3,905
705
73
227
229
36
388
400
1,846
r
r
27, 564
22, 540
13, 672
3,762
1,490
719, 494
28, 552
25, 489
15, 171
4, 245
1,563
735, 180
17, 647
17, 697
178
176
17,318
189
18, 312
194
21,890
195
18, 294
9. 9708
1,048
113, 000
10. 0341
1,099
121, 600
10. 0608
1,094
114, 300
10 0827
1 177
125, 800
10 1630
1, 116
123, 100
10 1995
1 183
137 200
10 2360
1 168
125 300
10 2676
1 050
117 100
10 4185
1 174
10 4818
1 097
3,018
3,374
617
59
202
215
31
324
352
1,574
4,220
787
75
239
246
62
409
438
1.963
3 531
3,240
599
63
182
223
50
223
332
1.569
3 629
3 009
2 700
632
64
187
214
38
68
308
3 785
3 152
546
61
164
182
24
65
284
689
81
KA(\
2OQ
1QO
247
35
101
198
469
58
176
222
26
329
306
1,433
T
657
64
191
225
66
301
354
1. 673
742
75
218
256
49
96
380
1 814
d
Revised.
Deficit.
§8ee note marked "t" on p. S-21.
{Revisions for January 1947-May 1948 appear in corresponding note on p. S-22 of the August 1949 SURVEY.
d*Data for June, September, and December 1950 and March 1951 are for 5 weeks; other months, 4 weeks.
61
1 4QS
1 272
495;
1 Q7Q
61
r>A
216
Of) A
1 s«n
SURVEY OF CURRENT BUSINESS
June 1 5
9 1
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-23
1950
April
May
June
July
August
1951
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__
Coal_.
do
Coke,. _ _
_- __- __ _ _ _ _ _
.do
Forest products
do
Grain and grain products
do _ _
Livestock
do
Ore
_
_ do __
Merchandise, 1. c. 1
do
Miscellaneous
_ _._
_ . d o __
Total, adjusted
do
Coal _
___
_ __do
Coke
do
Forest products
_
. __do__ Grain and grain products
do
Livestock. _ _ .
_ __
do
Ore
do
Merchandise, 1. c. 1 .
__
_
do
Miscellaneous
do
Freight-car surplus and shortage, daily average:
Car surplus, total
number
Box cars
_
do
Car shortage, total_.___ _
do
Box cars
do
Coal cars. _
_ _ _
._ _
_do_
Financial operations (unadjusted):
Operating revenues, total
thous. of dol_.
Freight
do
Passenger_ ._ _
.
_do_
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of dol_.
Net railway operating income
do
Net income t
do
Financial operations, adjusted:
Operating revenues total
mil of dol
Freight
do
Passenger
do
Railway expenses
do
Net railway operating income
do
Net income
do
Operating results:
Freight carried 1 mile
mil of ton-miles
Revenue per ton-mile
cents
Passengers carried 1 mile, revenue
millions
122
123
177
129
115
61
63
54
135
126
123
181
129
131
68
121
53
137
125
119
179
139
112
59
217
51
135
122
119
181
134
127
66
121
51
133
131
116
188
150
133
51
277
52
142
127
116
192
144
130
61
179
52
138
130
105
190
149
162
48
298
51
141
126
105
195
148
135
61
186
51
140
140
126
186
163
150
57
285
56
149
135
126
194
155
139
60
190
56
147
145
135
198
160
143
95
298
57
154
134
135
201
148
128
72
198
55
142
147
135
201
154
159
116
262
56
158
136
135
206
146
159
75
184
54
145
139
126
198
154
162
90
188
54
152
136
126
198
157
166
72
184
53
146
130
129
204
145
148
70
62
50
142
140
129
194
162
158
72
199
52
151
133
133
209
153
153
66
61
50
145
146
133
199
170
153
69
243
52
158
119
114
197
137
131
44
60
46
133
129
114
186
143
134
55
241
48
141
130
112
204
147
138
49
70
54
149
139
112
202
147
150
62
241
53
157
133
112
193
156
139
61
193
51
149
136
112
197
156
158
68
192
51
151
18, 358
5,099
4 559
4. 910
2, 799
1,810
12, 178
3,189
1 957
6,663
2,986
3,080
6,625
1,949
513
11, 491
5,845
4,748
8,311
234
4,389
21, 154
13, 875
6,103
4,346
16
39
38, 064
21, 846
14, 101
3, 583
8
30
34, 381
19, 444
13, 243
2,405
9
113
35, 135
19, 620
14, 349
4,926
432
386
24, 696
13, 838
10, 245
6, 258
956
975
14, 798
8,998
4,989
5,677
705
1 138
19,267
12, 006
6,528
2,680
87
572
29, 977
19, 449
8,518
2,387
7
724
32, 365
24, 275
5,323
8,601
24
2 812
14, 603
9,484
3,815
713, 820
601, 801
60, 555
562, 625
745, 406
634, 747
56, 801
580, 567
779, 182
649, 228
71, 660
588, 763
772, 161
639, 729
76, 006
579, 116
889, 796
748,110
78, 220
626, 265
872, 032
725, 014
71, 623
600, 697
925, 383
784, 544
66, 271
635, 021
862,
710,
65,
618,
201
808
885
611
927, 930
673, 554
79, 271
645, 422
848, 729
709, 736
78, 158
645, 246
715, 759
600, 157
63, 836
610, 060
875, 475
741, 001
70, 569
679, 662
851, 445
722, 012
66, 762
668, 850
89, 034
62, 161
37, 530
97, 808
67, 032
45, 221
100, 372
90, 047
72, 050
109, 134
83, 910
58, 622
141, 467
122, 064
95, 829
148, 712
122, 622
98 965
155, 733
134, 629
107, 863
133, 590
110, 001
86, 146
169, 190
113,319
120. 060
125, 792
77, 691
54, 926
86, 740
18, 959
d S, 518
117, 550
78, 2G3
51,187
112, 000
70, 595
729.8
613.8
62.7
666. 6
63.2
31.6
715.2
604.6
57.4
660.9
54.3
20.2
791.4
663.4
69.2
691.5
100.0
69.7
771.9
646.1
69.7
685. 9
86.1
54.1
832 5
699.2
69.8
744.3
88.2
54.8
857 6
711 1
71.9
749 1
108.5
72 8
884.6
747.2
67.7
776.2
108.4
74.3
863.0
710.8
68.9
759.8
103.2
70.5
941.0
708. 3
77.8
849.4
91.6
59.5
863 5
720.0
81.6
765.8
97.7
65.7
783 4
653.6
70.7
742 5
40.9
r
10 9
854 2
716.8
71.4
783 1
71.1
j?41 1
49, 687
1.289
2,362
51, 155
1.314
2,215
51, 865
1.326
2,830
51,982
1.305
3,042
59, 403
1. 325
3,125
57, 940
1 320
2,818
62, 017
1.332
2, 573
54, 817
1.363
2,500
54, 608
1.310
3,058
56, 510
1 319
3, 003
48 367
1 308
2,415
59, 069
7, 103
3, 940
3, 163
7,638
4,503
3,135
8,130
4,860
3,271
r
r
7, 364
4,320
3,044
7, 244
4,207
3,037
6, 516
4,019
2,497
6,860
4,216
2,644
8,250
4,660
3,590
2, 365
1,339
2,606
1,447
2,562
1, 460
2,857
1,668
5.73
83
230
5.26
83
239
5.64
84
238
5.43
77
207
53, 434
62, 677
1,985
16, 463
36, 007
560
50, 283
60, 413
2,083
19, 974
41,453
886
56, 902
88, 305
3,384
18,215
41, 233
1,930
78,030
i 80, 854
v 17, 905
21, 635
3,271
v 18, 575
18, 037
3,300
808
7,555
664
6,229
861
8,009
850
7,826
275, 806
163, 935
92, 636
196, 628
37, 873
36, 999
285, 947
168.157
98, 504
208, 569
37,310
37, 158
287, 467
169, 767
98, 275
204, 849
33, 929
37, 304
13, 755
12,467
474
15, 192
13, 262
1,090
1, 646
1, 568
r
r
Waterway Traffic
Clearances, vessels in foreign trade:
Total IT. 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=100Foreign 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
T
r
7, 647
4, 648
2, 999
r
8, 559
5, 308
3, 251
r
S 402
5, 135
3, 267
8,220
5, 165
3,055
2,452
1,477
2,356
1,307
2,478
1,157
2,236
1,074
2,216
1,011
2,338
1,104
2,433
1,032
2,713
1,237
2, 668
1,360
6.13
81
231
5.98
84
232
6.17
86
228
6.27
79
225
5.78
66
208
5.95
79
228
5.97
81
224
5.83
78
214
6.36
82
244
59, 768
36, 058
46, 242
i 31,869
44, 810
i 39, 453
52, 209
'48 561
59, 093
*57 074
63, 969
!64 845
» 15, 452
13 827
1,474
v 14, 090
12, 734
833
p 16, 288
12, 115
326
v 20, 263
10,614
242
p 18, 519
16,832
256
p 12, 395
17 067
259
p 15, 281
26 113
376
930
8,444
936
8,513
955
8,658
871
7,905
947
8,608
1,222
11,151
823
8 666
289, 528
169, 124
100, 646
205, 664
41, 489
37, 441
300, 617
172,540
108, 189
211,798
35, 337
37, 620
292 847
173, 265
99, 290
205, 109
39, 584
37, 790
303, 234
178. 120
104, 346
212, 572
41,369
37, 987
298, 071
178, 184
98, 941
208, 249
40, 861
38, 166
311,414
181,781
107, 994
222, 491
40,921
38, 437
314 713
184, 531
108, 897
219 140
41, 025
38, 619
301 961
181, 037
99 495
209 150
39,475
38 803
15, 378
13, 086
1,469
14, 738
13, 272
671
16, 022
13, 716
1,525
15 041
13, 364
940
15, 531
13, 358
1,461
15, 251
13,439
1,135
16,643
14,506
1,485
15 610
13, 855
880
14 545
12 924
764
16 391
13, 996
1,521
1,902
1,612
116
1,943
1,552
207
2,189
1,563
418
2, 295
1,581
510
2 254
1, 553
507
2,265
1,569
494
2,232
1,470
590
2,638
1,691
672
2 508
1,650
616
2 180
1,642
337
2 326
1, 683
427
1,967
1,803
64
2,055
1,781
175
2,228
1,808
325
2,408
1,795
525
2 244
1,819
335
2,331
1,787
453
2,326
1,804
437
2 583
2,057
453
2 621
1,959
548
2 302
1, 838
350
2 476
1,954
409
r
r
r
r
1
96, 425
61, 804
r
r
1
88, 706
44 776
1
30, 227
541
COMMUNICATIONS
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-telegraph:
Operating revenues
thous of dol
Operating expenses, incl. depreciation
do
Net opera ting revenues.- _ _. __ _
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph :
Operating re venues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do_
r
Revised.
1
d
105
1,774
1,742
*71
d
" Preliminary.
Deficit.
JRevised data for March 1950, $50,940,000.
Data exclude departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.
fRevised series. The coverage has been reduced from 100-120 to 55 carriers (except for January 1948-December 1949 when data covered 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"; annual data
prior to 1948 and monthly figures for January-July 1948 on the revised basis will be available later. Data relate to continental United States.
SUEVEY 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 1951
1951
1950
April
May
June
July
August
September
October
November
December
January
February
March
April
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
125, 027
124,617
128, 596
136, 736
141.373
134, 452
127, 295
146, 280
148, 931
133, 842
147, 289
133, 871
short tons
10, 274
8,920
2, 850
5, 342
9, 334
3, 390
3,140
2,614
2,848
4,898
4,352
3,900
Calcium arsenate (commercial)
thous. of l b _ ^
56, 482
52, 388
55. 237
55, 323
54, 320
54, 837
57. 436
61, 961
59, 107
58, 770
50, 035
60, 225
Calcium carbide (commercial)
short tons
Carbon dioxide, liquid, gas, and solidt
133, 728
82, 902
139. 130
94, 156
86,012
131,314
107, 708
73, 542
92 408
114, 286
73, 546
67, 076
thous. of Ib
CT
173. 117
192, 604
168,878
167, 721
173, 788
165, 828
187, 666
185.537
177, 269
207, 106
197, 967
182 994
Chlorine
as
short tons
58, 492
51. 288
51. 521
52, 785
57, 389
51,319
50, 635
57, 893
57. 467
52,157
57, 410
50 944
Hydrochloric acid (100% HC1)J
do
2,924
3, 598
4, 632
4, 672
2, 196
5,114
4, 694
2, 326
5. 082
4,406
Lead arsenate (acid and basic)
thous. of Ib
0)
(0
119, 661
124. 376
105, 206
105, 831
133, 483 r 133, 264
125. 732
107, 210
114,629
104, 604
111 511
116 122
Nitric acid (100% HNOs)
short tons
1.512
1, 666
1.647
1, 703
1.816
1,400
1, 529
1,742 r r 1, 542
1,432
1,404
1,447
Oxvgen (high puritv)i
mil. of cu. ft
136, 187
131, 302
142, 103
142, 534
132,912
162, 806
141, 107
151, 187
135, 319
135, 526
141, 496
146, 673
Phosphoric acid (.50% HsPO4)
short tons
Soda ash, ammonia-soda process (98-100%;
334, 296
370. 649
180, 849
461. 412
185, 885
170, 142
443, 706
291, 681
445, 389
361,328
388, 169
402 517
Na2Cos)
short tons
5, 649
8, 424
8. 577
9, 670
5,492
13, 925
7,418
7,452
10, 170
8,135
9, 936
7,907
Sodium bichromate and chromate
do
(i)
233, 284
244, 883
258, 596
210,344
248, 449
219, 641
200, 836
227 178
Sodium hydroxide (100% NaOH)
do
0)
(0
0)
Sodium silicate, soluble silicate glass (anhy32, 278
55, 544
54, 708
47,317
53, 338
29, 929
41, 300
45, 588
40, 899
37, 707
56, 300
51, 485
drous)
short tons
Sodium sulfate, Glauber's salt and crude salt
75, 882
61, 820
80, 924
77, 157
79, 517
54, 725
70, 333
75. 296
59, 096
54, 377
49, 567
75, 267
cake
short tons
Sulphuric acid (100% H 2 SO4):
1, 057, 073 1 , 104, 335 1, 039, 938 1, 047, 544 1, 051, 694 1,057,851 1, 137, 367 1,121,357 1, 183, 514 1, 162, 351 1, 051, 004 1, 171, 550
Production*
do
Price, wholesale, 66°, tanks, at works
17.75
19.85
17.75
19.33
20.00
17.75
19.97
17.75
17.75
17.75
dol. per short ton__
20.00
20.00
Organic chemicals:
Acetic acid (synthetic and natural), production
40, 218
41 , 593
42, 476
36, 352
39, 520
38. 300
41,012
41,321
37, 506
43,069
37, 633
thous. of Ib
36, 941
78, 221
83,012
79, 462
77, 364
65, 734
74, 992
80, 743
77, 963
82, 240
75, 183
85, 553
Acetic anhydride, production .
do
70, 155
885
672
1,080
921
1, 116
1,081
766
1,013
796
867
967
\cetylsalicylic acid (aspirin), production do
1,090
Alcohol, denatured:
16, 582
17,733
19, 273
16, 708
21, 265
21, 440
19, 146
18, 719
15, 402
15, 994
17. 839
Production
thous. of wine gal
16, 288
16, 861
17, 120
18, 474
18, 727
19, 888
18, 204
15, 922
16, 850
20, 448
18, 517
C onsumption (withdrawals)
do
19, 340
16,340
1,744
3,199
2,012
2,611
1,467
3,118
2,346
1,487
2,099
2,517
1,604
Stocks
do
1,533
Alcohol, ethyl:
35, 256
33, 098
40, 910
34, 763
31,727
37, 391
31,210
33,410
31, 102
35, 629
41, 466
34, 721
Production
thous. of proof gal __
44, 066
24. 580
36, 597
29, 432
44,010
21, 619
25, 729
65, 962
23, 248
54, 761
28, 502
59, 641
Stocks, total
__ __
_
do
42. 735
23 8S6
43, 251
35, 979
20, 489
29, 088
24, 829
22, 284
27, 614
59, 548
52, 075
In industrial alcohol bonded warehouses .do
57, 299
694
1,331
759
344
964
1,130
619
901
888
2. 686
6, 414
In denaturing plants _ .
do . _
2,342
27, 870
31, 151
23, 813
20, 910
33, 018
26, 611
28, 855
35, 468
22, 941
29, 418
3(,.34U
Withdrawn for denaturation
do
22 876
6, 928
3,877
4, 986
3,660
3,422
3, 552
4,188
3,257
3,035
5,080
Withdrawn tax-paid
do
2,937
3,881
11,510
11,747
10, 929
11, 756
12, 869
12, 769
11 407
13, 373
12, 360
11 851
12 997
Creosote oil production
thous of gal
11 668
7,824
5,646
7,737
7,922
5,624
6,159
9,746
8,168
7,665
11, 749
Ethyl acetate (85%), production
.thous. of l b _ _
9,307
7,' 861
Glycerin, refined (100% basis):
High gravity and yellow distilled:
8,821
7,419
4,822
8,829
8,079
7,631
8,222
6.876
8,420
8 450
Production
thous. of Ib
8 635
7 753
8,581
8,994
7, 961
7,239
8,850
8, 257
Consumption
do
7,668
8, 633
8,007
8,038
7 591
7 629
12, 297
14, 180
13, 070
15, 983
14, 302
15, 132
13, 518
12, 855
13,717
17, 646
Stocks
do.
18, 644
17 204
Chemically pure:
12, 262
13, 435
11,827
12, 968
9,932
7, 430
12,098
10, 865
10, 880
Production
do._
14,199
14, 326
13 499
7, 961
9,007
8, 246
7,399
8, 363
7,619
8, 450
8, 364
8,011
Consumption
do
8,774
8 423
7 687
17, 787
19,115
20. 132
22, 537
18, 444
18 172
19, 368
26, 406
23, 678
26 046
21 920
Stocks
do
23 580
Methanol, production:
184
182
175
173
167
183
162
166
177
Natural (100%)
thous. of gal__
174
170
156
13, 474
11,395
14, 621
11, 125
12 984
9, 357
10, 063
10, 417
12,308
Synthetic (100%)
do
15,615
15 349
12 898
15, 675
16, 209
17,615
18, 367
19, 902
18, 237
15, 436
19,031
20, 250
Phthalic anhydride, production
thous. of lb_.
19, 839
22,114
19, 035
20.00
28, 198
22, 002
8,713
37, 740
71,001
62, 087
8,914
30 05.5
2,051
7 603
7 541
18 820
13 299
7 473
27 411
FERTILIZERS
1,535
Consumption (14 States) f
thous. of short tons..
446. 192
Exports, total
short tons
91, 136
Nitrogenous materials _
_
do
Phosphate materials..
_do__
311, 684
11,819
Potash materials
__do
274. 725
Imports, total..
do
Nitrogenous materials, total
do
128, 400
Nitrate of soda
_
do
76, 408
Phosphate materials
do
7,023
Potash materials _
__ _ _do ._
118, 420
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
51. 50
port warehouses
dol. per short t o n _ _
113, 107
Potash deliveries
short tons
Superphosphate (bulk) : cf
a, 065,650
Production
do
r
798, 871
Stocks end of month
do
998
495, 432
129, 204
347, 639
10,325
214, 918
166. 523
103, 322
13, 659
10, 744
325
250, 642
90, 482
141, 469
10, 989
50, 974
37, 835
1,110
3,298
2,518
385
226, 631
83, 193
129, 904
7, 095
70, 484
54, 762
7,990
7,153
3,407
51. 50
83, 446
r
408
450. 744
128, 730
289, 520
7,147
111,954
83 783
40, 269
15,321
1,056
51.50
134, 624
51. 50
97, 301
51.50
107, 056
l, 007, 61 7 r >• 850, 941 r r 732, 499
T
912, 909 1,1 94, 074 l, 313,007
551
283 942
50 081
213, 503
12,741
129, 288
104 447
51,717
11 496
3, 365
598
51. 50
114 710
51. 50
114, 210
r
r
145, 250
28, 470
77, 061
8,889
167, 832
123 172
50, 064
9 187
29, 343
2
1, 523
161 690
15 907
130 398
6 496
215, 934
143 421
54 690
5 296
58 309
2
1, 308
151 354
16 181
117 286
8 846
230, 892
128 087
58 676
7 786
77 413
2 1, 622
209 649
15 430
177 554
8 399
259, 450
165 999
74 451
12 034
63 701
51.50
125 316
737
189, 531
34, 229
139, 759
11.984
199, 190
147 304
70, 666
4 542
33,814
53.50
121 153
53. 50
105 636
53. 50
1^8 661
852
206, 658
31, 506
148, 979
9. 626
154, 905
97 106
34, 134
5,503
43, 723
51.50
113 400
53. 50
115 369
r
r
' 866. 723 r 876, 023 r r 953, 689 r 948. 923 r 974. 544 985, 805
908. 233 1, 099, 253
1,250, 5 75 l 224 030 l, 157,052 l 150 886 l,207 228 1 194 507 1 124 108
944 795
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 l b _ _
Turpentine (gum and wood) :
Production, quarterly total . _ _ bbl. (50 gal.)
Stocks, end of quarter
do
Price, gum, wholesale (Savannah).. dol. per gal__
566, 830
936, 460
5.71
5.29
4.93
594 250
873 340
5.59
6.11
6.61
542 770
711 430
7.26
8.27
8.43
433 180
558 580
8.90
8.90
8.90
8.90
200, 670
194, 050
171, 260
141 200
191, 200
151 430
159 820
198 760
.41
.40
.41
.40
.64
.46
.71
.87
.80
.92
.92
.87
.92
r
1
3
Revised.
Not available for publication.
Excludes data for Virginia; effective January 1951, this State will report quarterly. JFigures are not strictly comparable with those prior
to 1948 because of the inclusion of data for additional plants. For January 1948-May 1949 revisions including data for these plants, see note at bottom of p. S-25 of the August 1950 SURVEY
fRevised 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 nrior
to November 1948 will be 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 are shown on p. 24 of the September 1950 SURVEY.
cfFinal 1950 revisions (short tons): Production—January, 815,582; February, 874,478; March, 1,108,419; stocks—January, 1,523,841; February, 1,338,800; March, 1,030022.
SURVEY OF CURRENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-25
1950
April
May
June
July
1951
August
September
October
November
December
January
February
March
April
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
1,464
1,626
2,057
1,912
1,407
1,837
936
1,772
1.955
1,148
1,235
Black blasting powder
thous. of lb__
985
1,407
64, 557
55, 794
59, 724
59, 843
59, 128
60,822
59, 805
55, 128
68, 581
High explosives.
__ _
do
51, 896
56, 378
54 277
49 211
Sulfur:
389, 305
424, 269
475, 694
466, 063
436, 612
452, 060
487, 845
Production
long tons
435, 290
446, 245 440, 262
409 377
453 685 419, 312
2, 885, 294 2, 875, 893 2, 956, 333 2, 975, 927 2, 935, 503 2, 853, 688 2, 822, 913 2, 762, 528 2 654 530 2, 736, 188 2 759 837 2 796 784 2, 750, 305
Stocks
do
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production
thous. of lb__
Consumption, factory
do
Stocks, end of month
do
Greases:
Production
do
Consumption, factory
do
St.or.ks, find of month
do
Fish oils: _
Production
do
Consumption, factory
_do
Stocks, end of month
do
Vegetable oils, oilseeds, and byproducts:
vegetable oils, total:
Production, crude
mil. oflb
Consumption, crude, factory
_ _ _ do
Stocks, end of month:
Crude
. . do
Refined
do
Exportsf
thous of Ib
Imports, total
Paint oils
All other vegetable oils
Copra:
Consumption, factory
Stocks, end of month
Imports
Coconut or copra oil:
Production:
Crude
Refined
Consumption, factory:
Crude.
Refined __
Stocks, end of month:
Crude
Refined
Imports
do
do
do
short tons..
do
do
thous. of Ib
do
do _ _
do
do
do
do
287, 983
104, 256
375, 930
298, 594
101, 937
394, 479
299, 189
96, 559
388, 296
255, 357
74, 577
346, 257
272, 295
130, 289
297, 756
260, 795
127, 332
240, 930
300, 360
129, 658
221, 073
354, 641
119, 095
246, 609
393, 136
147, 760
274, 271
411, 375
155, 320
322, 583
286, 747
145 597
302, 854
50, 510
38,742
123,683
52, 369
43, 595
122, 910
53, 266
40, 163
122, 920
45, 750
30, 615
118, 590
52, 262
46, 388
110, 950
50,521
50,402
94, 200
53, 751
58, 114
86, 676
58, 895
47, 615
82, 816
60,254
63, 567
92 536
60,830
67, 535
99,139
51 119
58 455
88 661
481
15,280
82, 478
3,649
14, 682
69, 944
17, 506
13, 990
i 48, 093
23, 113
14, 401
i 49, 440
24, 486
18, 145
1 59, 821
22, 517
18, 152
i 75, 917
22, 961
20, 467
68, 503
11, 247
17, 025
i 69, 024
423
406
388
398
354
375
368
330
381
456
431
430
560
497
571
523
1,069
423
56, 562
33, 189
11, 698
21, 491
1,020
392
68 105
43, 682
8,883
34, 799
1758
363
38 327
40, 639
10 389
30, 250
1787
297
32, 421
33, 922
9,988
23, 934
1736
214
17, 627
52, 839
14, 530
38, 309
1826
189
40 406
65, 112
19 834
45, 277
1884
216
47, 330
62, 848
15, 022
47, 827
i960
269
41, 546
46, 535
12, 406
34, 129
28, 099
18, 042
29, 092
28, 757
13, 194
31, 976
27, 134
10, 342
26 064
21, 050
16, 295
36, 449
37, 356
14, 968
43, 286
40, 929
16, 417
52 213
45, 619
17, 740
52, 841
36, 169
23, 393
36, 654
26, 247
34, 211
22, 909
26, 668
20,727
48, 420
30,529
53, 167
30, 744
43, 234
21, 394
47, 923
21, 420
39, 642
21, 673
35, 324
17, 639
53, 311
28, 798
167, 106
6,889
7,787
170, 014
8,997
12, 260
(i)
7,756
9 724
0)
7,968
4,767
0)
6,286
9,586
1
1
10, 006
15, 301
72, 207
1
4, 519
16, 988
64, 635
1
309,208
117, 406
256, 931
51, 696
55, 344
82, 568
836
14, 780
63 177
318, 211
148, 635
266,213
48,086
47, 750
86, 779
716
13, 634
54 817
890
11, 543
i 45, 921
1
550
542
474
484
'501
••517
428
434
1
1, 023
297
63 350
55, 328
11 048
44, 280
1 1, 065
321
33 189
56, 214
8 976
47, 238
i 1 071
356
30 036
44 440
2 430
42 010
1 1, 048
M16
47, 188
46, 174
5,036
41, 138
i 1, 032
461
35, 393
27, 890
55 996
31, 828
27, 851
38 743
33, 187
23, 092
52 396
29, 697
40 324
57 897
37, 616
30, 386
41, 987
33, 340
34, 241
60, 334
33, 316
46, 555
26, 559
40,506
25, 545
42 166
32, 099
37 531
25 683
48, 080
31, 844
42, 026
27, 277
52, 888
27, 246
56, 479
28, 553
47, 343
23, 262
46, 850
23,818
55, 812
28, 118
49 398
24 438
56, 197
27, 784
48, 214
27, 626
i 44, 709
6,975
9 390
i 61, 989
8,962
24, 248
i 64, 536
10, 276
11 536
Cottonseed:
183
1,123
220
128
95
Receipts at mills
thous. of short tons
600
47
621
276
228
365
404
178
Consumption (crush) _
_
do
208
974
276
676
495
285
Stocks at mills, end of month
do
472
334
Cottonseed cake and meal:
104, 675
162, 095
276, 465
124, 140
80, 988
Production
short tons
180, 934
93, 264
121, 179
182, 209
214, 226
179, 112
136, 002
Stocks at mills, end of month
do
153, 478
163, 360
Cottonseed oil, crude:
120, 814
90, 610
72, 730
Production
thous. of Ib
195, 045
57, 790
121, 808
68 051
82, 539
65, 083
Stocks, end of month
do
89, 685
43, 033
63,370
47, 667
50, 748
Cottonseed oil, refined:
116, 520
143 075
98, 983
78, 244
Production
do
85 825
59, 523
80 792
118, 392
130, 694
155, 135
Consumption, factory
.
do
112, 573
116, 937
114 983 2118, 382
26, 754
27, 086
41, 698 2 35, 496 2 26 052 2 26 749
34 039
In oleomargarine
do
285, 761
Stocks, end of month...
do
251, 672
97, 930
167, 553
107, 144
73, 621
225, 034
Price, wholesale, summer, yellow, prime (N. Y.)
.170
.160
dol. per lb__
.162
.196
.176
.208
.205
Flaxseed:
Production (crop estimate)
thous. of bu._
Oil mills:
2,360
Consumption
_ . _ _
do
4,119
2,209
2,946
3 469
3 270
3 963
1,055
Stocks, end of month
do
1,384
2,505
2 255
2,195
6 177
5 111
o
o
o
0
o
o
Imports
do
0
4.00
Price, wholesale, No. 1 (Minn.)
dol. per bu._
4.05
4.03
3.75
3.84
3.26
3.55
Linseed oil:
Production
thous. of Ib
47, 154
43, 697
82, 216
57 809
63 490
68 708
77 316
Consumption, factory
do
38, 194
42, 119
50, 031
65, 721
44,990
54 657
58 402
Stocks at factory, end of month
do
564, 035 539, 931
569, 973 561, 185
551, 263
556 570
561 102
!l80
Price, wholesale (N. Y.)
dol. perlb..
.182
.189
.188
.187
.170
.186
Soybeans:
Production (crop estimate)
thous. of bu__
Consumption, factory
do
17, 198
16, 880
13, 913
15, 416
19. 570
15, 637
13, 634
Stocks, end of month
do
41, 674
34, 735
19, 315
28, 478
9,003
57 878
2 484
Soybean oil:
Production:
Crude
_. .thous. of lb_. 170, 251 169, 001 141, 705 159, 261
157, 026
190, 723
137, 695
Refined
do
131,913 131 848 132 235 109 087 166 442 145 546
153 276
Consumption, factory, refined
do
116, 186
125, 688
120, 525
100, 548
162, 308
156, 275
149,' 258
Stocks, end of month:
Crude
do
101, 386
91 462
88 338
104 423
75 971
53 358
65 896
Refined
___
do
71, 651
74, 809
77 528
67 121
73 394
51 274
60 116
Price, wholesale, edible (N. Y.).._dol. perlb..
.171
.177
.171
.174
.185
.191
.203
' Revised, i Data for crude palm, coconut, castor, and sperm oil are excluded from the pertinent items for June-August;
commercial stocks basis.
i 2 Compiled by the U. S. Department of Commerce, Bureau of the Census.
4
3 December 1 estimate.
No quotation.
fRevised series. Beginning in the September 1949 SURVEY, data include oleomargarine of vegetable or animal origin.
r
545
470
1
83, 938
10, 211
18, 719
1
90, 487
11 824
18 728
i 93 482 i 103, 572
12, 813
11 505
12, 903
10 311
793
564
1,202
369
433
1 138
148
448
838
193 620
190, 875
198 130
199, 134
144 994
165 276
182 355
98, 408
138 678
100, 065
160 209
116 590
2 33 460
155, 036
122
107
2 30
171
.237
.237
3
3 549
9 362
00*1
832
587
591
144 222
105 049
110
92
2 23
204
r
r
15
165
243
106, 323
130, 717
74, 670
105, 949
r
r
103 897
87 973
126
119
2 35
180
329
877
140
709
.262
864
265
196
544
100, 526
10, 239
37
••229
r
393
56
319
575
251, 982
207, 924
1
77, 628
60, 610
r
95 400
76,811
23 497
226, 525
2
r
55 036
48, 528
65
62
2 ig
231
744
876
355
652
(4)
(*)
(*)
3 376
5 579
39, 263
3 051
8 670
3.45
3 648
9 007
O
3.87
4.55
4.84
3 739
6 109
g
4.89
72 635
51 553
591 636
.172
74 946
49 gio
609 867
.195
60 551
60 401
613 664
.224
63 724
60 317
608 807
.236
74 953
68 186
601 736
.240
67 511
61 588
599 452
.242
22, 799
81 201
3 287 010
24,687
77 163
25,075
78 682
22, 470
72 988
24,737
62 798
21, 946
53 954
216, 217
170 013
167, 065
235, 609
163 893
160, 038
240, 745
201 298
184, 543
215, 973
171 360
162, 202
240, 426
r 201 472
165, 942
211, 915
180 217
140, 655
o
o
3 186
8 075
o
4.68
81 162
692
99 828
m 4QQ m oor r130 y90 11Q 9^O
95'
7ft 4Q R i
51 045
129 343
54' 237
65 175
.215
.282
.278
.250
.268
.266
beginning September 1950, these oils have been restored on i
SUKVEY OF CUEEENT BUSINESS
S-26
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1951
1950
April
May
June
July
August
September
October
November
December
January
February
March
April
i 79, 493
21,811
i 91, 137
22, 987
1
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous. oflb_.
Stocks (factory and warehouse)*
do_ _
Price, wholesale, vegetable, delivered (eastern
U. S.)
dol. per lb__
Shortenings and compounds:
Production
__thous. of lb._
Stocks end of month
do
' 53, 830
15, 776
r
56, 583
12, 064
' 69, 334
24, 247
* 89, 425
12, 193
i 84, 129
21, 383
i 64, 829
16, 811
i 74, 234
14, 807
i 93, 852
12, 645
i 89, 959 i 112, 813
14, 150
19,905
71, 393
20,066
.244
.244
.244
.249
.264
.269
.264
.279
.294
.316
.324
.324
.324
126, 516
83,553
144, 761
103, 734
115, 440
117, 648
101, 037
71, 189
180, 280
60,544
156,820
71, 852
142, 215
85, 962
155, 333
81, 121
144, 092
103, 583
160, 179
88, 956
138, 518
99, 623
112, 025
123, 554
98, 840
152, 844
87, 605
79, 348
30, 935
48, 413
8,257
103, 246
93, 434
35, 175
58, 259
9,812
108, 910
98, 634
36, 719
61,915
10, 276
99, 212
89, 857
33, 008
56, 849
9,354
122, 629
11], 165
42,161
69, 004
11, 465
103, 323
93, 170
38, 417
54, 753
10, 153
99, 384
90,366
41, 114
49, 252
9,018
87, 384
79,599
37, 575
42,024
7,785
82,117
74,474
35, 111
39,363
7,643
111, 118
101,046
41.149
59, 898
10, 072
" 99, 792
' 90, 969
' 37, 361
«• 53, 608
8,823
113, 443
103, 706
44, 375
59, 331
9,737
2,144
6,301
587
926
29, 978
24, 555
11, 434
35, 946
21, 864
9,138
19, 642
1,980
6,518
650
898
31, 910
25, 441
14, 581
35, 510
24, 625
9,809
22, 331
2,072
6,603
628
817
32, 415
25, 170
15, 059
32, 596
25, 539
9, 500
21,772
2,397
7,240
563
830
25,901
26, 570
13, 505
34, 376
22, 760
9,348
21, 567
2,585
8,389
798
1,111
38, 128
27,993
17, 994
36, 142
25, 806
12, 832
23, 969
2,719
7,248
638
1,150
36, 905
29, 377
16, 237
35. 138
25, 718
10, 738
24, 893
2,831
8,643
711
1,329
36, 367
29, 658
16, 658
39, 036
26,614
12, 087
26, 807
2,659
6,696
706
1,069
34, 529
30, 110
17, 602
33, 731
24, 161
11, 683
24, 890
2,812
7,069
673
815
36, 227
25, 398
17, 178
36, 772
24, 218
11,118
27, 428
3,154
7,205
730
1,334
40, 848
24, 593
19, 872
2
34, 400
2
30, 180
11, 646
2
16, 295
2,589
5,802
668
1,056
32, 541
21,717
17, 360
2
31 813
2 28, 224
10, 882
2
14, 264
2,986
6,215
807
1, 252
39, 779
25, 162
21, 460
2
39, 188
2 32, 578
11, 996
2
16, 548
PAINT SALES
Paint, varnish, lacquer, and filler, total
thous of dol
Classified total
do
Industrial
do
Trade
do
Unclassified
- do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:*
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous
Molding and extrusion materials
Nitrocellulose sheets rods and tubes
Other cellulose plastics
Phenolic and other tar acid resins
Polystyrene
TJrea and melamine resins
Vinyl resins
Alkyd resins
Ro^in modifications
Miscellaneous resins
oflb
do.
do
do
do
^o
do_
^o
^o
do_ _
do_ __
ELECTRIC POWER AND GAS
ELECTRIC POWER J
Production (utility and industrial), total
mil. of kw.-hr..
Electric utilities total
do
By fuels
-- do
P>v water power
do
Privately and municipally owned utilities
mil. of kw.-hr__
Other producers
do
Industrial establishments, total
do_
By fuels
do
By water power
do_ _
Sales to ultimate customers, total (Edison Electric
Institute)
_
mil. 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
30, 191
25, 437
17, 140
8,297
31, 486
26, 525
18, 048
8,477
31, 608
26, 685
18, 701
7,984
31, 626
26, 780
19, 273
7,507
33, 874
28, 869
21, 338
7,531
32, 650
27, 774
20, 231
7,543
34, 307
29, 151
21, 763
7,388
34, 072
29,006
21, 345
7,661
35, 779
30,632
21, 944
8,689
36, 726
31 418
22, 539
8 879
33, 102
28 219
20,012
8 207
36, 172
30 920
21, 699
9 221
34, 431
29 293
20, 283
9 010
21, 838
3,599
4,754
4,318
436
22, 739
3,786
4, 962
4,503
459
22, 952
3, 734
4,923
4,484
439
22, 914
3,866
4,846
4,459
387
24, 780
4,090
5,005
4,647
358
23, 744
4,030
4,876
4,511
366
25, 189
3,962
5,157
4,781
376
25, 073
3,933
5,066
4,699
367
26, 268
4,365
5,146
4,748
398
26,990
4 427
5,308
4,872
436
24, 156
4 063
4,883
4,469
413
26, 551
4 369
5*252
4,843
409
25, 246
4 048
5 138
4,683
455
22, 397
22, 394
22, 694
22, 637
23,777
24, 157
24,458
24, 673
25, 640
26, 690
25, 966
26,001
3,986
10, 930
497
5,521
605
221
581
55
3,919
11,300
468
5,235
634
206
581
52
4,107
11, 547
450
5,072
694
192
583
49
4,277
11, 260
437
5,034
818
200
564
46
4,367
12, 236
456
4,991
874
219
589
46
4,434
12, 301
447
5,256
836
249
593
42
4,321
12, 611
476
5,482
631
280
613
42
4,332
12, 556
494
5,803
522
300
625
41
4,443
12, 596
557
6,560
478
321
638
47
4 733
12, 694
574
7 189
473
319
664
44
4 652
12, 351
531
6 974
476
282
659
42
4 565
12' 772
541
6 593
546
279
654
50
410, 076
407, 411
414, 734
412, 437
421, 090
430, 680
435, 286
440 961
458 072
474 794
467 200
460 900
GASJ
Manufactured and mixed gas (quarterly) :
Customers, end of quarter, total
thousands _
Residential (incl. house-heating)
do_
Industrial and commercial
do
Sales to consumers, total
__mil. of cu. ft_.
Residential
_ ._ _.
do
Industrial and commercial
_ do__
Revenue from sales to consumers, total
thous. of dol. Residential (incl. house-heating)
do
Industrial and commercial
__ do__ _
Natural gas (quarterly):
Customers, end of quarter, total
thousands.Residential (incl. house-heating)
do
Industrial and commercial
do. _ _
Sales to consumers, total
mil. of 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 _
9,617
8,960
649
146,059
93,636
51, 194
9,154
8,537
609
97, 507
55, 747
41, 040
9,127
8,505
616
134, 603
87, 847
45, 495
146,139
107, 005
38, 225
108, 008
77, 182
30, 238
139 521
102, 147
36 455
13, 941
12, 783
1,143
882, 363
255, 373
601,037
14,490
13, 339
1,137
740, 818
108, 884
597, 808
15, 076
13 830
1 231
988, 031
297 143
659, 976
319, 382
175, 734
139, 144
229, 031
92, 812
130, 304
372 223
206 351
159 895
A
r
2
Revised.
1 Compiled by the U. S. Department of Commerce, Bureau of the Census.
is.
Beginning January 1951, the comparability of the data has been affected by the following changes
in classification and coverage: Vinyl resins, sheeting and film, originally reported on a tot
„
„
^
;otal-weight basis are now shown on a resin-content basis;, alkyd resins include all other uses,, previously
reported with miscellaneous resins (all other uses for January 1951, 1,137 thous. lb.); miscellaneous resins exclude all petroleum resins (petroleum resins for January 1951,14,283 thous. lb.).
*New series. Data for stocks of oleomargarine are compiled by the U. S. Department of Commerce, Bureau of the Census; figures for January-July 1949 will be shown later. The data for
production of synthetic plastics and resin materials, compiled by the U 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.
JRevisions for January-July 1949 for electric-power production and for the first two quarters of 1949 for the gas series will be shown later.
SUKVEY OF CUREENT BUSINESS
June 1951
S-27
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
April
May
June
July
August
1951
September
October
November
December
January
February
March
April
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbl_~
Tax-paid withdrawals
- - do_ __
Stocks, end of month
do
Distilled spirits:
Production
thous. of tax gal-Consumption, apparent, for beverage purposes
thous of wine gal
Tax-paid withdrawals
thous. of tax gal-Stocks, end of month
__
__ _ __do_ _.
Imports
thous. of proof gal
Whisky:
Production
thous. of tax gaL.
Tax-paid withdrawals
do
Stocks^end of month
do
Imports
thous of proof gal
Rectified spirits and wines, production, total
thous. of proof gaLWhisky
do
Wines and distilling materials:
Sparkling wines:
Production
thous of wine gal
Tax-paid withdrawals
do
Stocks, end of month
do
Imports
do
Still wines:
Production
do
Tax-paid withdrawals
do
Stocks end of month
do
Imports
do
Distilling materials produced at wineries do
7,352
6,367
10, 603
8,361
7, 616
10, 846
9,368
8, 696
10, 982
9,241
8,511
11, 196
9,040
8,621
11, 078
6,870
6,845
10, 648
6,391
6,913
9,692
6,166
6,019
9,451
5,893
6,163
8,815
6,872
5,894
9,440
6,075
5, 237
9,921
7,514
6, 675
10, 341
7,476
6,449
10, 910
17, 305
20, 490
21, 358
21, 695
33, 042
41, 863
47, 852
38, 254
35, 444
36,063
28,605
35, 339
28, 620
13, 276
7,319
692, 458
864
13, 783
7,935
700, 420
1,161
13, 615
8,091
708, 562
1,291
18, 757
10, 537
712, 863
1,832
20, 281
16, 142
720, 296
1,692
15, 816
11,348
737, 771
1,461
15, 177
10, 128
760, 806
1,706
17, 630
11, 064
780, 654
2,189
24, 564
12, 061
795, 181
1,856
20, 725
16, 986
808, 922
1,474
18, 161
13,606
820, 073
1,316
15, 108
10, 273
843, 250
1,387
5,315
865, 164
11, 922
4,358
630, 678
772
12, 727
4,610
637, 409
1,076
12, 521
5,228
643, 280
1,196
10, 339
6,575
645, 268
1,719
15, 072
9,869
647, 062
1,534
17, 758
6,455
656, 999
1,322
20, 536
5,939
670, 213
1,543
22, 241
6,557
684, 031
1,994
19, 244
6,899
694,210
1,638
20, 207
9,772
701, 634
1,311
16. 235
7,811
707, 672
1,160
19, 979
6,107
720, 712
1,247
7,901
6,775
8,146
6,923
9,109
7,612
10, 233
8,749
16, 230
14, 029
11,081
9,741
10, 233
9,037
11,112
10, 177
11, 063
10, 153
14, 834
13, 523
12, 227
11,170
8,436
7,269
190
61
1,675
28
86
78
1,614
38
98
78
1,619
40
44
53
1,605
27
116
87
1,627
41
73
111
1,579
44
77
148
1,499
68
83
168
1,398
119
60
170
1,267
118
85
86
1,259
49
149
66
1,327
35
68
78
1,306
39
842
12, 365
145,011
286
734
790
10, 573
134, 871
263
1,300
887
7,588
127, 000
347
216
758
8,236
117, 335
255
1,509
4, 250
11 367
109, 347
276
12, 813
41, 610
11, 271
143, 694
331
98, 229
59,214
12, 657
194, 870
459
124, 020
15, 253
11, 768
198, 490
562
36, 337
4,818
10, 778
187, 747
534
10, 855
2,081
11, 246
176,428
353
1,460
1,711
9,680
166, 912
309
1,007
2,301
10, 598
158, 371
388
1,342
129, 905
109, 020
.599
156, 495
136, 867
.600
166, 080
185, lf:7
.599
146, 760
230, 063
.603
124, 960
239, 398
.614
103, 035
234,111
.633
91, 930
208, 228
.642
75, 910
159, 873
.647
79, 000
105, 192
.664
86, 675
75, 329
.698
81, 270
52, 507
.694
109, 855
83, 400
171,553
153, 135
2,806
133, 735
105, 695
208, 986
186, 062
2,518
142, 960
114,970
254, 246
229, 785
4,355
124, 370
99, 180
280, 948
256, 395
3,564
107, 395
84, 395
316, 661
287, 977
8,937
89, 560
67, 900
326, 907
292, 421
6,854
80, 035
58, 095
310, 240
276, 930
5,185
67, 030
45, 830
261, 259
233, 733
4,885
67, 925
45, 265
212, 493
187, 157
3,618
71, 035
49, 495
179, 577
155,117
5,479
70, 605
49, 585
160, 621
137, 397
9,063
.346
.343
.347
.341
.349
.354
.360
.363
.386
.447
.455
22, 100
7,225
258, 000
31,650
5,430
347, 000
30, 750
5,230
348, 800
31,000
4,850
302, 100
28, 350
6,200
284, 300
21, 200
5,900
232, 600
19, 575
5,325
202, 000
15, 100
4,260
159, 000
18, 350
4,135
156, 300
18, 400
5,435
182, 000
16,390
5,025
190, 000
7,596
117, 081
7,650
222, 300
9,733
343, 988
7,368
340, 962
7,016
349, 397
9,409
388, 620
9,296
383, 161
10, 494
316, 666
r
6, 883
159, 559
7,598
88, 859
3,918
16, 275
2,734
18, 965
465
16, 905
2,699
6,291
741
11, 741
983
18, 075
1,378
8,199
4, 327
8, 225
2,411
9,352
9.10
5.10
9.10
5.10
9.10
5.09
9.10
5.10
9.30
5.29
9.30
5.37
9.50
5.37
9.50
5.39
10, 506
4,431
4.36
11, 840
5,416
4.31
12, 538
5,749
4.29
11,870
5,078
4.39
10, 620
4,392
4.52
9,396
3,633
4.62
9,081
3,246
4.79
10, 050
98, 000
11, 760
113, 700
13, 200
116, 750
11, 550
90, 000
11 885
60, 950
10, 400
42, 900
9,800
70, 357
10, 307
82, 583
13, 219
93, 263
13, 935
82, 722
13, 630
59,017
5,088
21, 761
4,300
10, 267
6,118
17, 124
4,643
17, 704
.118
.116
.117
1,521
1,289
10, 579
554
165
9,434
243, 861
287, 445
241, 992
221, 119
4,836
3,834
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
thous. of Ib
Stocks, cold storage, end of month
_ _ do.
Price, wholesale, 92-score (New York)_dol. per lb__
Cheese:
Production (factory), totalt
thous of Ib
American, whole milkj
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:!
Condensed (sweetened):
Bulk goods
thous. of lb_.
Case goods
do
Evaporated (unsweetened), case goods
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of Ib
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 1001b__
Dry milk:
Production^
Dry whole milk
_
thous. of Ib
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk .. __ _ _ _
do__
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Price wholesale, nonfat dry milk solids (human
food), U. S. average
dol per Ib
r
r
r
93, 700
33, 378
.671
103, 800
32, 389
.670
89, 245
64, 565
155, 095
130, 655
4,477
100, 205
75, 195
167, 019
141, 771
.437
.407
21, 525
4,350
258, 600
22, 785
4,375
289, 500
6,753
113, 207
9,501
91, 682
8,325
148, 505
1,123
8,337
1,969
8,995
1,720
13, 874
9.72
5.63
10.49
6.06
10.80
6.15
10.80
6.16
10.80
6.16
8,402
2,678
4.84
8,523
2,738
4.88
8,960
2,999
4.98
8,527
2. 905
5.09
9,690
3,536
5.08
10, 328
3 925
5.05
11.300
35, 800
9,920
30, 550
9,850
39, 480
10, 784
42, 000
12,090
40,150
16 330
53, 000
17, 030
66, 750
12, 503
42, 445
13, 284
31, 444
11,644
23, 498
10, 231
22, 030
10, 784
22, 545
13, 811
39, 959
14, 464
26, 791
16, 564
42, 580
4,711
21, 028
5, 966
17, 957
6,047
20, 010
5,308
18, 994
5,334
15, 070
4,644
9,369
4,483
13, 653
6 613
26, 535
.117
.118
.119
.121
.124
.127
.131
.133
131
.144
240
115
7,403
333
102
5,965
1,208
7,321
5,658
6,084
34, 451
4,932
5, 386
40, 032
6,515
120, 499
3,995
33, 621
13, 980
3,860
27, 273
10, 944
3,883
20. 135
9,849
4 257
12, 891
11, 994
3,151
6,893
10, 873
356, 409
414, 557
461, 956
466, 135
497, 878
479, 353
449, 989
431,711
408, 361
' 390, 646
356, 468
235, 955
283, 334
361, 366
430, 576
457, 573
454, Oil
425, 170
375, 269
328, 520
' 294, 223
272, 227
18, 588
17, 165
3.039
3.315
r
r
r
r
r
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu__
Shipments, carlot
no. of carloads
Stocks, cold storage, end of month.. thous. of bu__
Citrus fruits, carlot shipments
no. of carloads.Frozen fruits, stocks, cold storage, end of month
thous. of lb.Frozen vegetables, stocks, cold storage, end of
month
thous. of lb__
Potatoes, white:
Production (crop estimate)
.thous. of bu
Shipments, carlot
no. of carloads.
Price, wholesale, U. S. No. 1 (New York)
dol. per 1001b._
T
1
r
r
2, 610
3,645
8, 972
1
r
25, 281
24, 174
24, 117
12, 650
11,618
14, 900
15,248
I§, 215
439, 500
13, 495
4.789
4.221
3.242
2.650
3.485
2.636
2.128
2.515
3.121
Revised.
* December 1 estimate.
^Revisions prior to 1949 are shown on p. 24 of the August 1950 SURVEY; those for January-October 1949, on p. S-27 of the January 1951 issue.
r
r
r
r
22, 836
20, 474
2.926
4.005
SURVEY OF CURRENT BUSINESS
S-28
Unless other-wise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1951
1950
April
May
June
July
August
September
October
November
December
January
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
On farms
do
Exports including malt
do
Prices, who^sale (Minneapolis):
No. 2, malting
dol. per bu__
No. 3, straight
do
Corn:
Production (crop estimate)
mil of bu
Grindines, wet process
thous. of b u _ _
Receipts, principal markets
do _.
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. per bu._
No. 3, yellow (Chicago)
do
Weighted average, 5 markets, all grades- _do
Oats:
Production (crop estimate)
__
mil. ofbu
Receipts, principal markets
thous. of bu._
Stocks, domestic, end of month:
Commercial
do
On farms
do
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 monthj
thous. of lb._
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills©
thous. of lb_ .
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of monthf
thous. of Ib
Exportst
_. _ .
d o _Price, wholesale, head, clean (N. O.)._dol. perlb_.
Rye:
Production (crop estimate)
thous. of bu
Receipts, principal markets
do
Stocks, commercial, domestic, end of month. do
Price, wholesale, No. 2 (Minn.)
dol. per bu__
Wheat:
Production (crop estimate), total. _ mil. ofbu
Spring wheat
do
Winter wheat
do
Receipts, principal markets
thous. of bu_.
DisapDearance, domestic
do
Stocks, end of month:
Canada (Canadian wheat) __.71
do _
United States, domestic, totalo
do
Commercial
do
Interior mills, elevators, and warehouses
thous of bu
Merchant mills
do
On farms
do
Exports, total, including
flour
do ...
Wheat only
.
_
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
Wheat flour:
Production:!
Flour
thous. of sacks (100 Ib.)
Operations, percent of capacity§
Offal
short tons
Grindings of wheatf
__
thous. ofbu
Stocks held by mills, end of month
thous. of sacks (100 lb.)_
Exports
.
do
Prices, wholesale:
Standard patents (Minneapolis)
dol. per sack (100 lb.)_.
Winter, straights (Kansas Citv)
do
33, 994
27, 598
29, 218
29, 755
28, 185
27, 395
29, 581
33, 944
39, 857
1
16, 968
5,627
7,696
7,217
5,894
27, 657
26, 228
25, 984
28, 593
21,441
13, 503
12, 581
34, 026
34, 541
r
41, 338
301, 009
9,821
56, 316
59, 384
8,909
6,663
8,801
9, 703
31, 635
30, 165
24, 692
250
736
25, 924
30, 929
361
1,119
1,252
33, 429
1«0, 508
2,582
2,588
3,599
32, 625
139, 338
4,181
2,247
4,559
27, 476
88, 869
6,173
1.622
1.538
1.643
1.593
1.687
1.601
1.692
1.649
1.545
1.484
1.529
1.451
1.488
1.394
1.561
1.476
1.568
1.512
1.687
1.617
1.742
1.673
1.738
1.628
1.625
1.445
10, 371
19, 624
10, 723
24, 065
10, 682
26, 726
11,371
26, 697
12, 096
33, 367
11, 973
23, 264
11, 932
24, 371
11, 778
52, 010
3, 131
10, 867
42, 716
12, 864
54, 945
11,182
34, 227
13,661
33, 010
10, 893
25, 664
43, 910
43, 177
39, 768
52, 137
74, 058
7,176
10, 355
8,825
11, 621
71, 453
1, 353. 1
12, 979
61, 636
10, 938
59, 365
2, 160. 5
11, 151
70, 093
7,117
40, 127
486.2
5,317
38, 779
7,393
42, 874
1, 060. 4
6,644
39, 434
5,907
(2)
1.426
1.419
(2)
1.481
1.480
(2)
1.489
1.462
(2)
1.556
1.530
(2)
1.534
1.511
(2)
1.541
1.498
1.528
1.521
1.462
1.760
1.581
1.500
(2)
1.686
1.557
(2)
1.738
1.595
(2)
1.818
1.659
(2)
1.770
1.645
1.889
1.799
1.703
8,041
8,343
7,313
9,066
17, 102
11,013
8,977
7,211
1 1, 465
7,370
11, 295
11,517
12, 510
18,275
22, 020
1,168,742
333
257
20, 381
18, 226
.890
1
450
388
11, 268
192, 392
579
.841
.912
.947
1,055
.781
.816
366
432
.812
.928
80, 597
37, 907
109, 357
73, 299
111,988
110, 244
65, 702
73, 075
16, 204
11, 100
163, 842
24, 661
58, 484
37, 295
4,267
5,605
8,263
15, 231
13, 030
447
13, 828
559, 676
1,190
.995
.996
.993
.980
58, 298
28, 657
.977
1
50, 081
29, 175
6,783
17, 585
17, 698
907, 660
324
50,618
34, 374
45, 169
25, 414
42, 524
37, 536
285
84, 380
42,174
58, 099
75, 125
83, 226
50, 908
47, 911
14, 179
14, 274
91, 714
90, 474
57, 204
64, 573
62, 221
64, 246
53, 497
70, 748
79, 203
72, 536
92, 608
39, 350
142, 501
41, 154
126, 695
289, 728
145, 146
715,391
266, 891
999, 638
225, 808
402, 280
170, 603
126, 718
167, 798
101,464
185, 318
78, 659
149, 397
58, 548
125, 950
36, 447
87, 562
351, 624
29, 928
.081
305, 208
22, 115
.081
188, 747
82, 6C7
.081
90, 151
197, 345
.085
132, 419
83, 407
.090
328, 120
162, 532
.085
757, 612
107, 336
.089
857, 876
81, 930
.099
776, 126
77, 914
.098
663, 977
67, 999
.099
569, 695
66, 834
.100
482, 688
64, 163
.105
419, 822
303
6,278
1.395
1,121
5,977
1.443
722
5,900
1.418
1,484
5,786
1.483
2,986
7,174
1.382
1,576
7,694
1.388
887
7,518
1.369
665
7,716
1.463
533
7,363
1.764
415
6,861
1.894
465
5,851
1.878
26, 192
21, 333
28, 407
295, 183
214, 399
204, 220
227, 821
206 379
r
1
61, 948
45, 302
245, 370
97, 810
85, 886
219, 702
256, 411
158,197
1,205,05?
260, 104
20, 319
14, 789
15, 494
12, 446
319, 150
137, 422
483, 6-12
19,112
15, 799
2.446
2.170
2.160
2.297
2.530
2.228
2.190
2.300
2.440
2.209
2.163
2.285
18, 360
71.3
369, 090
42, 690
17, 675
68.9
353, 333
41, 065
18, 970
81.6
382, 753
44, 175
2,235
1,339
4,635
1,655
5.656
5.283 I
5.690
5.158
5.688
5.002
17, 856
22, 154
38, 820
243, 231
124, 611
108, 447
173, 136
169, 293
100, 743
423, 205
168, 497
26, 768
21, 559
18, 553
15, 432
126, 027
55, 934
67, 907
21, 490
17, 635
2.373
2.306
2.329
2.322
2.453
2.300
2.333
2.365
16, 864
72.2
337, 484
39, 178
82, 214
48, 301
22, 977
2,689
7.871
1.627
i 1, 026. 8
1
276. 1
i 750. 7
39, 472
33, 151
206, 867
197, 072
212, 742
261, 313
253, 690
221, 548
999 987
247, 318
19, 114
16, 487
19, 557
16, 367
282, 191
129 357
335, 670
24.140
19, 456
2.420
2.210
2.144
2.285
2.366
2.179
2.127
2.243
2.385
2.224
2.204
2.268
2.460
2.346
2.329
2.355
21, 079
79.6
422, 168
49, 099
18, 869
82.3
374, 335
43, 807
18, 811
74.5
374, 874
43, 719
18 498
76.8
377 024
42, 905
19 658
85.8
389 965
45, 546
2,373
1,308
4,931
1,422
1,127
1,369
5,011
2 Oil
5.930
5.165
5.912
5. 162
5.975
5.150
5.730
5.244
5.738
5.284
5.925
5. 480
.105
3 23 263
1,029
4,036
1.923
3 682 2
48, 928
' 188, 379 168, 777
709 304
193, 663
177 355
29, 958
24, 608
39, 191
34 324
194 150
101 074
217 261
38, 529
33, 023
2.493
2.402
2.455
2.414
2.602
2.476
2.529
2.507
2.520
2.401
2.444
2.408
22 244
18 762
88 4
82 3
441 830 r 379 315
51, 519
43 558
19 737
78 7
385 312
45 820
T
T
1 867
r 2 089
2 363
6.055
5. 569
6.306
fi SI 9
6. 125
fi fun
2.532
2.435
2.476
2.440
6.145
K PIVK;
r
2
3
Revised.
1 December 1 estimate.
No quotation.
May 1 estimate.
fRevised series. Data for rough rice, included in rice exports and stocks, have been revised using a new conversion factor supplied by the U. S. Department of Agriculture; unpublished
revisions for exports (1933-July 1948) and those for stocks (prior to August 1949) are available upon request. Revised data for January 1947-July 1948 for wheat-flour production and grindings will be published later.
OPrior to the October 1950 SURVEY, data are shown in thousands of barrels of 162 pounds.
cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
§ Based on a 5-day week beginning with the August 1950 SURVEY (prior thereto, on a 6-day week data for January-June 1949 are shown on p. S-28 of the September 1950 SURVEY.
SUEVEY OF CURRENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-29
1951
1950
April
May
June
July
August
September
October
November
December
January
February
March
April
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
•Cattle and calves:
Slaughter (Federally inspected):
Calves
_ _ - _-thotis 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
Bogs:
Slaughter (Federally inspected)
thous. of animals. .
Receipts principal markets
- - do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 Ib..
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
494
959
496
1,075
1,871
130
485
1,066
1,715
160
443
1,070
1,759
152
484
1,184
2,046
239
488
1,196
2,311
447
515
1 169
2,795
763
505
1,151
2,210
485
445
1 110
1 694
251
433
1, 160
1,827
183
374
887
1,364
121
447
965
1,442
131
406
894
1,552
151
26.94
25.79
29.19
29.02
27.19
30.35
30 13
27.44
29 00
30.67
27.48
29.60
30.09
26.90
32.00
30. 57
26.90
32.88
30 49
26.92
31.70
31.41
28.46
on QQ
33 03
29.45
32 38
34.10
31.88
35.90
34.88
34.42
38.38
35.62
35.12
36.50
35 95
35.64
38.90
4,316
2,627
4,338
2,836
4,154
2,592
3,314
2,234
3,626
2,345
4,137
2,431
5,102
2,955
6,144
3,678
6,777
3,991
6,584
4,070
4,159
2,713
5,117
3,061
4,989
3,060
16.02
18.41
18.18
20.65
21.55
21.10
19.41
18.04
18.52
20.37
22.26
21.62
21.01
13.1
14.9
15.0
14.7
14.0
13.0
12.2
13.0
13.8
13.2
12.7
1,019
I, 207
166
960
1,149
153
1,076
1 466
355
1,063
2,001
576
1,081
1,790
591
969
1,185
238
918
1,048
252
1,058
1,139
110
740
674
119
738
716
93
657
807
157
29.50
29.22
31.38
30.77
34.75
33.62
38.25
0)
40.50
0)
39.25
0)
1, 809
603
36
1,948
840
56
1,975
1,049
63
1,334
1,007
45
1,537
r
984
66
1,479
953
669, 181
124, 307
783
650, 935
160, 544
791
686, 992
172, 291
1,172
527, 293
157, 531
924
576, 081
139, 378
467
537, 799
118, 147
1,594
128
M2.5
13.8
834
1,013
98
941
1,455
157
26.75
C1)
27.12
0)
27.75
0)
27.25
0)
27.12
27.42
27.62
28.50
28.25
28.90
1,488
802
43
1,501
769
50
1,366
649
45
1,449
542
42
1,478
469
31
1,621
457
27
638, 652
78, 844
1,558
628, 277
67, 291
1,990
626, 299
66, 051
1,578
696, 567
79, 919
1,831
704, 754
89, 485
1,829
686, 636
103, 894
1,561
r
MEATS
Total meats (including lard ) :
1,397
Production (inspected slaughter)
mil. of lb_.
857
Stocks cold storage, end of month
do
46
Exports
do
Beef and veal:
Production (inspected slaughter)
thous. of lb.. 575, 795
98, 839
Stocks cold storage, end of month
.
.do
1,433
Exports
..
- do
Price, wholesale, beef, fresh, steer carcasses, good
.447
(600-700 Ibs.) (New York)._
dol. per lb..
Lamb and mutton:
39, 949
Production (inspected slaughter)..- -thous. of lb.~
8,440
Stocks cold storage, end of month
do
Pork, including lard, production (inspected
slaughter)
thous. of lb_- 780, 940
Pork, excluding lard:
573, 780
Production (inspected slaughter)
do
541, 955
Stocks cold storage end of month
do
5,145
Export's ..
do_._
Prices, wholesale:
.478
Hams, smoked (Chicago),.
dol. per lb_.412
Fresh loins, 8-10 Ib. average (New York). do
Miscellaneous meats and meat products, stocks,
cold storage, end of month:
48, 699
Edible offal
...
thous. of Ib
Canned meats and sausage and sausage-room
51, 381
products
..
thous. of Ib
Lard:
151. 151
Production (inspected slaughter) .
do
108, 105
Stocks cold storage, end of month
do
34, 873
Exports
do
.132
Price, wholesale, refined (Chicago). .. dol. perlb..
r
2
r
2
.474
.488
498
.486
.491
.486
.493
.531
43, 184
7,099
43, 597
6,681
41, 543
6,079
47, 225
5,998
46, 674
6,486
47,326
7,994
43, 293
9, 416
41, 964
10, 479
806,047
829, 338
697, 727
705, 016
726, 906
886, 656 1,096,444 1, 255, 175 1, 237, 582
592, 792
492, 194
4,812
605, 008
469, 361
3,851
514, 916
394, 402
4,481
519, 370
303, 588
3,572
547, 272
240, 544
3,284
665, 625
219, 758
3,425
821, 067
326, 300
5,504
923, 638
499, 408
10, 403
896, 297
668, 007
9, 591
.528
.485
.548
.480
.611
.579
.586
.587
.551
.557
.482
.467
.498
.408
.536
.414
.571
.430
.579
.489
46,631
43, 875
41, 288
39, 744
38, 157
38, 932
47, 876
58, 903
63, 808
56, 674
49, 190
45, 952
34, 893
37, 014
35,608
34, 162
37, 199
40, 374
45, 708
52, 530
155, 971
128, 467
31, 629
.147
163, 743
136, 258
38, 855
.142
133, 375
106, 613
33, 456
.174
135, 697
75 496
33, 126
.190
131. 253
58, 241
21, 653
.181
161, 749
52, 128
17, 871
.165
200, 922
57, 794
26, 014
.178
242, 183
69, 857
38, 727
.197
249, 441
89, 321
47, 486
.215
146, 508
89 433
32, 277
.218
30, 985
167, 000
.226
36, 928
136, 548
.211
36, 707
122, 328
.208
41, 632
103, 367
.229
39, 168
105, 179
.262
53,859
140, 352
.239
72, 338
217, 999
.220
87, 741
269, 640
.232
82, 807
281, 972
.241
38, 436
284, 623
.272
27, 972
242, 023
.301
6,428
12, 929
6,202
19, 078
5,224
17, 146
4,687
11,098
4 274
5 199
3,947
3,739
4,074
1,984
3,977
1,366
4,351
637
5,021
1,681
5,203
1 843
2,147
155, 108
3,412
179, 732
3,667
188, 476
3,163
174, 761
2,568
155, 369
1,558
133, 002
502
104, 378
61
75, 582
34
47, 310
75
31, 157
159
32, 712
.344
.317
.342
.398
.412
.503
.560
.577
.577
.425
.449
.533
50, 187
10, 072
.561
2.576
2.578
36, 188
9,474
36, 529
r
7, 727
32, 605
5,221
770, 708
924, 237
908, 712
570, 361
641, 565
7,755
684, 025
648, 384
5,486
672, 100
643 037
.573
.461
.553
.463
r
53, 081
50, 703
r
57, 376
59, 489
175, 502
78, 352
55,519
.213
173, 137
76 833
34, 806
' 192, 913
.324
35, 273
147, 410
.334
r
r
.203
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
. . thous. of Ib
Stocks, cold storage, end of month _
do .
Price, wholesale, live fowls (Chicago). dol. per lb_.
Eggs:
Production, farm _ _ __
millions
Dried egg production
thous. of Ib
Stocks, cold storage, end of month:
Shell
thous. of cases.Frozen
thous. of lb._
Price, wholesale, extras, large (Chicago) t
dol. per doz._
6,340
2,159
6,318
2 027
990
'309
' 62, 298 111,540
.468
.475
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers
thous. of dol
Cocoa:
Imports
long tons
Price, wholesale, Accra (New York) _ _dol. per lb__
Coffee:
Clearances from Brazil, total
thous. of bags._
To United States
do
Visible supply, United States. _
do
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per lb_.
Fish:
Landings fresh fish 5 ports
thous of Ib
Stocks, cold storage, end of month
do
r
Revised.
1 No quotation.
2
42, 945
40, 368
37, 542
33, 788
53 723
71, 989
75, 588
68, 029
61, 906
61, 844
56 278
54, 027
46, 463
20, 053
.240
32, 893
.286
35, 712
.308
26, 475
.356
19, 849
.405
13, 494
.420
12, 830
.372
14, 596
.363
32, 204
.345
29, 648
.370
26, 482
.376
48, 483
.384
.384
728
596
731
1,130
855
506
609
1,050
1,198
803
609
976
1.517
1,170
715
1,804
1,687
1,095
719
2,099
1,721
999
797
1,987
1,684
974
768
1,729
1,251
713
750
1,381
1,350
977
741
1,355
1,362
1,033
728
2,224
1,687
1,304
830
2,128
1,447
934
952
2,344
966
655
730
.473
.462
.478
.538
.553
.561
.530
.519
.540
.551
.555
.548
.545
44, 656
79, 027
58, 100
97, 773
65, 671
116, 897
69, 303
137, 307
70, 140
153, 625
52, 982
158, 473
56, 471
166, 105
43, 530
165, 394
29, 074
157, 722
28, 665
130, 880
38, 692
106, 834
43, 321
96, 367
88, 878
Grade names approximately one level higher beginning January 1951; designated as "choice".
fRevised series. U. S. Department of Agriculture data replace the series for U. S. standards published prior to the October 1949 issue of the SURVEY. Data for September 1944 to December 1948 are shown on p. 24 of the June 1950 SURVEY.
June 1951
SUBVEY OF CURRENT BUSINESS
^ 0
3
1951
1950
Unless other-wise 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
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 Islandscf
do
Refined sugar, total.
. do_
From Cuba
do
Price (New York):
Raw, wholesale
dol. perlb__
Refined:
Retail
do
Wholesale
do
Tea imports
thous of Ib
TOBACCO
Leaf:
Production (crop estimate)
mil o f l b
Stocks, dealers' and manufacturers', end of quarter total
mil oflb
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil. of Ib
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports, including scrap and stems., --thous. of Ib
Imports, in eluding scrap and stems - _ _ do
Manufactured products:
Production, manufactured tobacco, total do
Chewing, plug, and twist
do
Smoking
___ _ _
do__
SnufT
do
Consumption (withdrawals):
Cigarettes (small):
Tax-free
millions
Tax-paid
_ do
Cigars (large) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
thous. of l b _ _
Exports, cigarettes
._ _ _. . millions
Price, wholesale (composite), cigarettes, f. o. b.,
destination
dol. per thous
r
17, 572
572, 778
243, 296
565, 942
563, 397
r
2, 545
28, 821
593, 854
241, 671
738, 858
735, 153
3,705
1,573
64, 433
r
r
3,246
2,721
2,176
1,825
1,186
641
246
506
1,538
2,488
3, 538
45, 324
26,003
587, 920
550, 711
231.972
210, 870
863, 123 1, 190, 084
860, 136 1, 188, 091
1,993
2,987
90, 775
731, 339
224, 624
948, 443
944, 257
4,186
129, 607
628, 737
237. 608
668, 739
659, 850
8,889
594. 565
450. 538
149, 352
514, 287
503, 807
10, 480
866, 935
320, 519
131,587
522, 018
509, 050
12, 968
531, 464
203, 654
84, 803
686, 622
679, 380
7.242
111,686
235, 737
21, 153
653, 208
646, 583
6,625
66, 422
553, 832
104 596
556, 093
546, 803
9,290
40, 570
564, 059
164 129
533, 772
524, 495
9,277
34, 753
567, 747
171 703
532, 257
520, 335
11,922
487
1,897
605
2,006
1.152
1,782
1,768
5,012
1.152
7,160
1,591
1,344
1,612
1,978
1, 722
3, 933
353, 195
306, 359
323, 203
275, 485
25, 087
25, 876
' 25, 736 12, 109
21,132
11,895
163, 462
144, 820
11,103
134,063
123, 431
8,401
400
247, 342
234, 282
13, 029
21,011
20, 910
368, 900
285, 682
83, 189
21, 050
20, 600
344, 935
266, 755
78, 165
39, 364
39, 364
3,773
«• 3, 636
1,489
83, 235
1,178
56, 021
635
7,925
r
251, 805 ' 304, 871 ' 273, 076 299, 554 449, 594
236, 455
235, 773
390, 383
203. 875
216, 334
r
52, 413
' 67, 280 53, 401 »• 61, 963
47, 931
r
r 27, 029 ' 37, 310 52, 784
55. 852 >• 59, 627
27, 487
52, 267
54, 244
22, 998
37, 307
T
.055
1.455
.076
9 550
1.454
.076
9,745
1.454
.076
10, 131
.062
1
.452
.078
10, 874
.062
.062
.062
.063
.061
.060
.059
. 058
i .491
.080
8,787
.060
.058
.057
396
286
1.489
.081
8,752
1.482
.081
12, 733
i .480
.081
8 662
i .480
.081
5 992
i .487
.081
7,536
1.490
.081
7 065
!. 488
.081
9 627
1.501
.081
2
3,509
384
3,160
3, 989
353
2,960
2 056
r
3,672
18
148
1,818
r
r
18
142
3 942
331
398
3, 492
3 355
16
150
16
172
44, 168
6,530
36, 723
8,121
22, 533
7,571
24, 525
5,721
46, 762
10, 407
72, 980
8,078
68. 037
7,996
52, 679
6,765
44, 441
6, 352
31, 550
8,543
20, 215
7,954
29, 448
8,020
18, 099
6,354
8,391
3,353
19, 159
6.568
9,189
3,402
20, 980
7,881
9,333
3,766
16, 578
6, 839
6,911
2,828
23, 069
8,870
10, 267
3,932
21, 431
7,627
10, 601
3.203
23,417
7,877
11,918
3,622
19, 063
6,884
8,894
3,285
14, 526
5,902
5, 62C
2,998
19, 810
7,591
8, 510
3, 708
18, 150
7, 069
7,789
3,293
19, 677
7 328
8,784
3,565
1,974
25, 829
383 345
2,395
32, 674
424 870
2,594
32, 815
471, 152
2,820
27, 374
400, 566
4,009
39, 126
587 406
3,048
30, 846
503, 738
3,223
29. 738
553, 776
2, 837
29, 825
544 792
2,619
25, 000
374 800
2 344
33, 474
458 877
3 003
28, 857
435 074
2 600
30. 160
455 351
3 159
29, 524
444 006
18, 176
1,157
18, 998
1,017
20, 095
1,422
16, 204
1,484
23, 531
1,554
20, 851
1,181
22, 322
1,043
18, 591
1,061
13, 498
1,053
20, 360
1,235
17, 765
1,153
18, 423
1, 564
18. 451
6.862
6.862
6.862
6.862
7. 056
7.056
7.056
7.056
7.056
7 056
7 056
7 056
7 056
17, 555
312
156
2, 743
1, 110
20. 247
218
222
2,976
1. 533
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. o f l b
Calf and kip skips
thous. of pieces
Cattle hides
do
Goatskins
.
_
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Calfskins, packers', under 15 Ibs
dol. per lb_.
Hides, steer, packers', heavy, native
do
LEATHER
Production:
Calf and kip
thous. of skins
Cattle hide __
.thous. of hides.
Goat and kid
_
thous. of skins
Sheep and lamb
do
Exports:
Sole leather:
Bends, backs, and sides
thous. o f l b
Offal, including beltine offal
.
do _
UpDer 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..
18, 683
154
122
3,052
3,013
20, 781
177
160
4,269
2,348
28, 588
190
245
3,998
5, 333
30,811
348
258
3,479
3,846
36, 447
346
532
3, 41 1
3,276
29. 574
411
386
2,816
1,389
33, 641
357
373
3,934
3,169
27, 963
382
294
3, 463
2,359
19, 523
186
272
3,000
1,640
24, 817
416
564
3,477
1, 471
.431
.208
.450
.220
.484
.245
.485
.278
.560
.309
.575
.331
.575
.322
.605
.346
.662
.358
.680
.400
962
3, 205
2,856
993
' 2, 249
r
3 319
T
2 546
860
"• 2. 046
r
3 019
2 333
r
870
2,298
3 502
2 831
38
32
2,283
14
24
2,440
53
95
3 284
5
9
2 848
814
' 1, 852
' 2, 828
2,625
52
27
2,659
r
r
829
1, 948
3, 198
2,720
13
19
2,471
r
r
923
2, 071
3, 318
2, 653
r
r
79
39
2,726
43
10
2,271
r
1,052
2, 301
3, 260
3,373
22
32
2,944
r
930
2,084
2, 869
2,868
r 2, 193
T
30
43
2,417
.672
r
r
921
2,204
3 ^96
2 705
911
2,221
3 442
2 492
132
21
2 051
17
17
2 776
.539
.539
.539
.571
.598
.625
.657
.703
.782
.864
.911
. 926
1.034
1.037
1.080
1. 134
1.154
1.166
1.174
1.204
1.229
1.239
r 1. 229
J
December 1 estimate.
3
No quotation.
0.720
(3)
1.027
r
!
Revised.
Price for 5 pounds; quotations prior to 1950 are for 1-pound package,
cf See corresponding note on p. S-30 of the October 1949 SURVEY.
584
1. 697
2, 677
1,989
.625
(3)
.911
1.235
SURVEY OF CURRENT BUSINESS
June 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-31
1951
1950
May
April
June
July
August
September
October
November
December
January
February
March
April
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers :§
Production, total
thous. of pairs _
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs ._
By types of uppers :cf
All leather
do
Part leather and nonleather
do
By kinds:
Men's
_
_ __do
Youths' and boys'
do
Women's
_
__ do
Misses' and children's
do
Infants' and babies'
_
do__
Slippers for housewear
do
Athletic
.. _
-do Other footwear
do
Exports
do
Prices, wholesale, 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
38, 058
38, 485
39, 070
35, 465
48, 770
43, 928
44, 083
38, 236
35, 894
r
42, 380
46,106
34, 204
34, 215
34, 221
30,954
41, 824
37, 355
36, 720
32, 285
32, 588
' 41, 451 «• 38, 862
41, 939
29,814
3,477
30, 563
3,493
31, 192
3,127
28, 748
2,141
38, 671
3,011
34, 483
2,706
33, 942
2,761
29, 971
2,313
30, 239
2,401
7,842
1,105
17, 468
4,670
3,119
3,353
8,287
1,281
17, 105
4,538
3,004
3,708
8,554
1,418
16, 756
4,632
2,861
4,242
6,897
1,334
16, 595
3,959
2,169
4,026
9,519
1,777
22,300
5,267
2,961
6,199
9,155
1,689
18, 810
4,807
2,894
5,783
9,278
1,607
17, 677
4,941
3,217
6,630
8,623
1,317
14, 784
4,601
2, 960
5,362
8,175
1,193
15, 309
4,874
3,037
2,858
1256
1275
1333
!280
i 196
10. 045
7. 150
5. 150
10. 131
7.225
5.150
10.388
7.350
5.150
10. 388
7.750
10. 682
7.975
5.150
277
224
307
319
243
257
319
288
233
9.555
6.600
5.150
9.555
6.750
5.150
9.555
6.750
5.150
263
222
U93
9.678
6.750
5.150
355
392
363
427
339
394
316
273
(2)
44, 885
37, 272
3,106
r
37, 785
4,154
«• r10, 023
r 9, 337
r
1, 250
1, 155
'r20, 689 •• 19, 634
r
5. 937
5 487
' 3. 552
3,249
T
2, 913
f - 3 017
r277
'278
'244
'223
1
244
1279
273
175
35, 357
3,439
10, 538
1,235
21, 166
5,553
3,447
3,552
339
276
1401
11.760
8.800
6. 250
11.760
8.800
3 6. 250
' 54, 685 68, 282
204, 528 179, 627
11. 760
8.800
3 6. 250
75, 971
230, 252
11. 368
8.560
5.150
3
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products!
M bd ft
Imports, tota] sawmill products
do
National Lumber Manufacturers Association:
Production, total©
mil. bd. ft-Hardwoods
do
SoftwoodsO.
do - Shipments, total©
do
Hardwoods
.
do - SoftwoodsO
do
Stocks, gross (mill and concentration yards), end
of month, total©
mil. bd. f t _ Hardwoods
.
_ _do__ _
Softwoods©
do
SOFTWOODS
Douglas fir:
Orders, new©
do
Orders, unfilled, end of month©
do
Production©
do
Shipments©
_
do
Stocks, gross, mill, end of month©__
_-do_ Exports, total sawmill products
M bd ft
Sawed timber
do
Boards planks scantlings etc
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4" x 16'
dol. per M bd. ft_.
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M bd. ft-Southern pine:
Orders, nflw
mil bd ft
Orders, unfilled7, end of month
do
Production
do
Shipments
.
_
do
Stocks, gross (mill and concentration yards), end
of month
_
mil. bd. ft
Exports, total sawmill products
M bd ft
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12'
dol. per M bd. f t _ Flooring, B and better, F. G., I" x 4" x 12-14'
dol. per M bd. f t _ _
Western pine:
Orders, new
mil bd ft
Orders, unfilled, end of month
do
Production J
do
Shipments! --- - - --do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, V x 8"
dol. per M bd ft
40, 277
262, 114
38, 178
275, 384
50, 589
357, 413
44, 852
338, 658
37, 772
339, 051
40, 658
374, 698
39, 397
394, 922
52, 991
259, 024
66, 445
240, 937
3,226
688
2,538
3,220
683
2, 537
3,576
752
2,824
3,683
776
2,907
3,579
754
2,825
3,600
703
2,897
3,338
761
2,577
3,265
703
2,562
3,950
829
3,121
3,758
780
2,978
3,717
848
2,869
3,637
778
2,859
3,687
829
2,858
3, 553
791
2,762
3,356
776
2,580
3,285
743
2,542
3,009
705
2,304
2,878
651
2,227
3,005
713
2,292
3,199
705
2,494
2,763
634
2,129
2,884
688
2,196
3,288
776
2,512
3,448
788
2,661
3,469
760
2,709
3,454
786
2,668
6,223
1,964
4,259
6,117
1,941
4,176
6,096
1,992
4,104
6,170
2,050
4,120
6,361
2,099
4,262
6,441
2,168
4,273
6,555
2,203
4,352
6,645
2,237
4,408
6.763
2,291
4,472
6,552
2,299
4,253
6,431
2,244
4,187
6, 285
2,233
4,052
6,300
2,207
4,093
1,044
988
927
929
665
15, 520
5,145
10, 375
917
878
994
1,028
632
9,331
2,125
7,206
905
845
886
938
579
20, 731
4,682
16, 049
889
976
794
757
616
20, 200
6,684
13, 516
989
1,044
1,083
921
778
17, 461
5,324
12, 137
848
896
1,009
996
790
17, 087
6,796
10, 291
832
754
1,007
974
806
19, 555
6,661
12, 894
940
734
909
960
766
23,083
9,043
14, 040
969
733
860
840
773
33, 603
13, 769
19, 834
1,085
1,006
913
942
732
25, 280
6,933
18, 347
734
942
817
798
752
36, 804
6,977
29, 827
1,008
925
904
1,025
631
36, 536
11, 421
25, 115
963
890
978
998
611
69. 090
72. 324
* 75. 430
• 82. 389
87. 050
88. 953
86. 940
79. 026
78. 090
6 82. 032
883.377
683.902
83. 943
105. 840
109. 368
* 111. 770
8 119. 539
126. 063
128. 922
129. 933
130. 458
132. 397
« 131. 635
8 131. 720
6 132. 700
132. 700
770
385
758
746
982
488
798
879
840
469
797
859
914
576
757
807
844
488
831
932
760
414
790
834
751
391
815
774
624
320
778
695
633
361
709
592
905
486
732
780
651
452
652
685
785
449
769
788
678
392
762
735
1,614
8,602
2,562
6,040
1,533
8,866
1,926
6,940
1,471
11, 999
2,866
9,133
1,421
10, 448
2,683
7, 765
1,320
8,324
2,445
5,879
1,276
5,501
1,544
3,957
1,317
6,976
2,270
4,706
1,400
10, 607
3,051
7,556
1,517
10, 571
2,527
8,044
1,469
9,328
2,108
7,220
1,436
8,224
1,813
6,411
1,417
12, 061
3,405
8,656
1,444
r
66. 176
69. 342
72. 182
74. 568
81. 773
87. 225
82. 954
79. 027
78. 822
79. 893
80. 173
80. 533
80. 037
139. 165
141. 892
142. 657
144. 776
148. 405
154. 295
153. 204
153. 204
152. 515
152. 286
150. 448
150. 920
149. 836
619
783
585
597
1,261
721
719
729
697
1,293
828
758
837
789
1,341
803
778
766
733
1,374
851
823
879
806
1,447
766
804
771
734
1,484
747
786
735
721
1,498
617
765
616
606
1,515
619
770
500
564
1,451
583
749
388
502
1,337
456
725
406
445
1,298
565
709
548
541
1,305
683
731
659
630
1,334
64. 13
66.22
68.53
70.84
74.69
78.68
81.38
82.52
84.47
83.73
84.51
85.35
87.07
207, 431
206, 840
53, 638
228, 184
224, 383
57, 861
223, 051
230, 444
50, 836
150, 764
146, 607
55, 129
244, 051
237, 558
60, 695
229, 340
233, 608
56, 721
250, 782
249, 789
58,498
243, 761
243, 149
57, 703
233, 634
243, 319
47, 747
265, 090
252, 975
59, 039
r
255, 408
* r247, 892
66, 156
289,238
291, 886
66,800
SOFTWOOD PLYWOOD
Production
thous. of sq. ft., %" equivalent
Shipments
_
_
__
_ _ _ _
do
Stocks, end of month
do
HARDWOOD FLOORING
Maple, beech, and birch:
5,200
5,400
4,700
5,950
5,475
5,425
6,225
7,700
8,550
7,525
11. 650
Orders, new
M bd ft
5,800
5,075
20,550
19, 600
19, 675
12, 475
19, 100
18, 900
15, 625
12, 675
20, 000
20, 400
21, 025
19, 575
Orders, unfilled, end of month
do
11, 050
5,800
5,375
5,950
5,900
5,650
5.700
5,825
5,425
5,700
5,750
5,225
4,500
Production. _ _
_
do
4,025
5,875
5,500
5,125
6,250
5,300
6,100
5, 750
7,500
5,325
6,550
5,650
5, 425
4,625
Shipments
do
3, 425
4,550
3,775
4,075
4,575
4,250
3, 570
4,075
5,700
8,150
7,000
4,875
8,275
Stocks, mill, end of month __ __
do
2
r
4
Revised. 1 Excludes "special category" items.
Esti«
No qu otation. 3 Substitut 3d series. Data are f :>r nurses' c xford, rub ber toplift; comparab le figure foi• January 1 951 is $5.9S 0.
mated; based on index computed by the Bureau of Labor Statistics. 8 Data for July-December 1950 represent a composite of quotations from a larger number of companies. 6 Beginning
January 1951, the substituted price is based on quotations from a smaller number of companies.
§Data beginning 1949 have been revised to include reports from additional companies (accounting for about 4 percent of total production in 1949) and, therefore, are not comparable with
earlier figures; revisions for January-May 1949 will be shown later.
cf 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. Data through 1949, shown prior to the August 1950 SURVEY, covered fewer reporting companies (see note "§" above).
JSee note at bottom of p. S-38 of the October 1949 SURVEY regarding revisions for exports of sawmill products for 1948 and Western pine for January 1947-March 1948.
©Minor monthly
revisions beginning 1929 for Douglas fir (formerly designated as West Coast woods) and for total lumber production and shipments (beginning 1934) and stocks (1936,1938) are available upon
request. Revisions for January 1948-July 1949 for total lumber and softwoods are shown on p. S-30 of the October 1950 SURVEY.
SUEVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through,
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1951
1950
April
June
May
July
August
September
October
November
December
January
February
March
April
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING—-Continued
Oakrcf
Orders, new
Orders unfilled end of month
Production
Shipments
Stocks mill end of month
M bd. ft_do
do
do
do
78, 601
102, 115
75, 243
78, 816
31, 392
92, 625
106, 689
86, 791
88, 051
28, 134
84, 121
95, 723
91, 649
95, 087
24, 696
98, 438
108, 142
83, 300
86, 019
21, 977
99, 968
104, 163
99, 237
103, 947
17, 267
82, 785
96, 413
91, 059
90,535
17, 791
71, 035
83, 098
93, 879
93, 131
18,539
62, 778
68, 884
93, 040
86, 031
25, 548
67, 553
68, 155
81, 885
73, 944
33, 489
113, 234
91, 658
90, 435
89, 731
34, 199
83, 274
93 512
79, 419
78, 129
35, 489
81,813
92, 804
93, 657
90, 960
38, 186
' 266, 896
18, 339
402, 678
46, 017
353, 630
19, 683
403, 012
54, 489
68,904
82, 647
87, 050
81, 866
43, 370
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
258,084
18, 151
102, 857
18, 408
290,000
18, 575
136, 730
21,090
346, 392
15, 719
182, 152
45, 220
249, 671
14, 357
182, 520
26, 102
252, 086
12, 537
299, 929
121, 140
281, 102
29, 006
256, 874
94, 601
263, 069
21, 122
451, 097
123, 831
285, 918
26, 253
467, 063
128, 456
261, 104
16, 479
482, 903
98, 700
307, 817
9,766
479, 284
66, 902
5,733
2,988
2,745
4,511
1,315
3,196
5,973
3,115
2,858
4,646
1,371
3,275
5,737
2,956
2,781
5,151
1,499
3,652
5,273
2,760
2,513
5,553
1,602
3,951
5,826
3,078
2,748
5,816
1,699
4,117
5,790
3,026
2,764
5,767
1,711
4,056
6,320
3,288
3,032
5,805
1,667
4,138
5,929
3,019
2,910
5,475
1,560
3,914
6,004
3,092
2,912
5,240
1,490
3,751
6,693
3,321
3,372
5,462
1,337
4, 125
2,999
2,087
10, 337
10, 740
10, 770
10, 306
12, 355
13, 274
9,460
13, 477
14,238
8,685
14, 478
15,012
8,154
13,887
14, 514
7,527
12, 999
13, 419
7,107
7,401
9,017
5,490
3,362
2,997
5,856
3,812
2,183
7,476
3,315
2,028
8,762
3,525
2,453
9,829
349
7, 140
14, 099
11, 033
3,066
334
9,496
7,362
14, 384
11,544
2,840
678
11, 738
7,249
19, 189
15, 997
3,192
893
12, 704
7,579
24, 108
20, 651
3,456
792
12, 482
7,371
29, 966
26, 084
3,881
852
12, 191
7,175
35, 716
31, 388
4,328
920
11, 380
7,415
39, 711
35, 651
4,059
964
6,993
6,861
41, 543
36, 919
4,624
733
873
7,289
37, 169
31, 771
5,398
376
0
7,327
30, 227
25,658
4,569
620
0
6,435
24,123
20,324
3,799
573
0
7,372
17, 335
14, 919
2,417
661
68
64
107
88
56
70
67
57
88
59
69
81
922
981
484
978
1,095
573
1,040
1,136
613
1,287
961
508
1,670
1,202
677
1,794
1,159
649
1,840
1,255
701
1,930
1,161
657
2,012
1,182
653
2,298
1,364
762
42, 663
76, 250
69, 822
36, 279
43, 256
77, 074
76, 161
42, 432
56, 322
86, 783
82, 345
46, 613
55, 715
105, 300
67, 514
37, 198
77, 093
132, 374
86, 021
50, 019
67, 136
152, 583
82, 479
46, 927
57, 852
160, 278
89, 968
50, 157
68, 491
180,099
85, 163
48, 670
65, 942
194, 950
91, 510
51, 091
234, 060
92,508
54,817
5,577
5,548
5,855
5,827
5,633
5,637
5,879
5,620
5,770
5,752
5,697
5,703
5,924
5,845
5,387
5,395
5,693
5,676
5,894
6,011
5,176
6,016
5,888
53 58
52.00
52.50
53 58
52.00
52 50
53 61
52.00
52 50
Iron and Steel Scrap
Consumption total
thous of short tons-Horre scrap _ - - - do
Purchased scrap
do _
Stocks consumers' end of month total
do
Home scrap
do
Purchased scrap
do
Ore
Iron ore:
All districts:
Production
thous of long tons
Shipments
__ _
_
do_ _
Stocks at mines, end of month
do
Lake Superior district:
Shipments from upper lake ports
--do
Consumption by furnaces....
do
Stocks, end of month, total
do
At furnaces
do. _
On Lake Erie docks
do
Imports
.
do
Manganese ore, imports (manganese content)
thous oflongtons_.
r
6,211
7,235
15, 072
13, 258
1,813
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
1,144
1,168
1,197
1,366
1,427
1,408
1,303
1,465
1,481
1,775
47.28
46.00
46.50
47.28
46.00
46.50
47.28
46.00
46.50
47.28
46.00
47.25
47.48
46.00
49.50
47.95
46.75
49.50
49.87
49.00
49.50
50.53
49.00
49.50
53.19
51.63
52.50
53. 58
52.00
52.50
107, 129
75, 133
17, 406
117, 773
83, 845
20, 552
131, 097
94,637
27,065
98, 269
68,874
15, 734
128, 369
94, 413
24, 922
134, 574
96, 738
25, 295
149, 558
109, 660
30, 048
145, 929
108, 263
30, 775
155, 258
113, 692
34, 061
174, 056
124,002
37, 278
357, 238
297, 032
60, 206
99, 193
80, 950
18, 243
372, 804
311,811
60, 993
113, 657
93, 459
20, 198
408, 345
342, 535
65, 810
117, 333
96, 061
21, 272
445, 567
391, 820
53, 747
94, 929
79, 081
15, 848
547, 552
483, 840
63, 712
123, 608
99,605
24, 003
620, 407
530, 689
89, 718
122, 408
97,753
24, 655
643, 119
549, 214
93, 905
136, 737
107, 666
29, 071
656, 586
560, 354
96,232
130, 286
102, 511
27, 775
673, 823
562, 239
111, 584
127,784
97, 786
29, 998
708, 784
595, 875
112, 909
138, 413
108, 842
29, 571
781, 234
636 611
144, 623
128 799
97 448
31 351
874, 598
697, 335
177, 263
160 917
118 039
42 878
8,213
100
8,552
101
8,132
99
8,071
95
8 230
96
8,193
99
8,740
102
8 012
97
8 343
98
8 843
100
7 766
97
r 9 o71
102
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..
8 841
103
0438
0438
0438
0438
0438
.0438
0438
0438
0461
0468
0471
0471
0471
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
59. 36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
62.72
.0400
62.72
.0400
62.72
.0400
62.72
.0400
62.72
.0409
32.88
37.00
43.90
40.50
43.60
44.00
44.00
44.00
46.50
47.75
45.88
44.00
45.00
4,659
1,721
28
4,410
1,967
35
4,856
2,089
36
5,795
2,128
44
7,138
2,704
49
7,182
2,435
36
7,532
2,517
32
8,049
2 588
32
9,024
2,604
25
9,517
2 766
50
9 938
2 313
52
10, 614
2 762
48
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands..
Shipments
do
Stocks, end of month
do
r
t
Revised.
cf Monthly revisions (1940-46) to incorporate data for prefinished flooring and small quantities of species of hardwood flooring other than oak, included in current data, will be shown
later; scattered monthly revisions (1934-36) are available upon request.
^Percent of capacity is calculated on annual capacity as follows: Data beginning January 1951, on capacity as of January 1 of 104,229,650 tons of steel; 1950—July-December, on 100,563 500
tons (as of July 1); January-June, on 99,392,800 tons (as of January 1).
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-33
SURVEY OF CURRENT BUSINESS
June 1951
1950
April
May
June
July
August
1951
September
October
November
December
January
February
March
April
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
224, 203
130, 753
93, 450
187, 986
956
25, 353
282, 923
164, 147
118, 776
241, 985
1,088
30, 531
356, 117
228, 767
127, 350
312, 661
1,105
33, 036
396, 681
264, 343
132, 338
364, 504
1,124
33, 836
551, 451
395, 266
156, 185
498, 369
1,527
30, 613
431, 161
310, 916
120, 245
382, 891
1,451
30, 291
349, 858
230, 772
119, 086
313, 218
1,520
28, 758
301,350
192, 709
108, 641
265, 628
1,330
29,260
352, 487
235, 523
116, 964
320, 501
1,275
26, 807
271, 782
160, 492
111, 290
234, 285
1,485
30, 925
239, 543
148, 689
90, 854
203, 920
1,344
29, 040
268, 782
164 861
103, 921
224, 960
1,552
33 991
5,780
646
122
225
743
438
164
1,686
146
179
333
366
429
6,253
702
138
241
803
467
189
1,768
154
200
364
432
456
6,192
693
138
229
807
447
186
1,735
157
187
361
438
471
5,669
594
156
250
703
393
152
1,728
115
177
347
420
354
6,326
674
169
282
801
454
158
1,756
170
214
343
467
495
6,145
689
151
269
770
482
154
1,697
159
210
355
424
433
6,504
753
159
307
740
542
147
1,839
172
228
374
388
495
6,051
671
152
280
648
540
131
1,673
170
196
389
376
484
6,433
732
152
336
717
551
140
1,843
178
207
365
401
452
6,905
767
155
320
744
631
158
1,977
184
237
409
408
510
5,776
644
141
258
631
522
115
1,641
167
197
353
299
442
7,105
792
161
306
824
681
160
1,937
189
238
452
397
524
58, 024
248,354
61, 929
225, 388
60,400
167,154
63, 518
182, 954
63, 006
207, 852
59, 449
213, 408
62, 915
149, 449
62, 276
203, 639
65, 897
250, 187
67, 954
236, 515
62, 740
228, 436
70, 022
222, 030
.0725
.0757
.0864
.0882
.0985
.1107
.1388
.1541
.1575
.1575
162.7
163.6
36.0
127.5
85.7
.312
175.1
37.6
137.5
92.7
.336
163.8
30.2
133.6
90.3
.342
208.9
39.9
169.1
113.0
.342
207.4
42.1
165.3
110.2
.363
210.1
47.3
162.8
106.8
.369
197.2
46.8
150.4
99.7
.378
199.0
46.0
153.0
101.6
.378
210.3
42.5
167.8
113.1
.378
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary
short tons
Imports, bauxite
__long tons__
Price, wholesale, scrap castings (N. Y.)
dol. p e r l b _ _
Aluminum fabricated products, shipments, total
mil. oflbs__
Castings
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__
Reflned
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. p e r l b _ _
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 (N. Y.)
dol. perlb__
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.)cf— -dol. per l b _ _
Zinc:
Mine production of recoverable zinc. -short tons..
Slab zinc:
Production
do
Shipments, total .
do
Domestic
___._.
... d o
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
33.4
129.4
89.4
.292
r
.1575
r
r
.1600
2
2 190. 5
40.8
2 r149. 7
95. 6
.378
r
0.1723
206. 5
42 2
164.3
101 0
.378
.378
83, 104
82, 469
73, 303
74, 467
74, 828
72, 582
80, 222
76, 666
77, 800
81, 957
81, 712
83, 782
103, 293
101, 729
57, 028
17, 120
34, 520
15, 658
18, 862
.1864
83, 286
112,411
113, 837
51, 043
14, 064
66, 117
27, 086
39, 031
.1961
96, 754
113, 961
125, 016
50, 350
11, 434
87, 222
39, 903
47, 319
.2200
85, 378
96, 758
96, 006
48, 290
9,785
29, 347
13, 112
16, 235
.2220
93, 138
108, 465
112, 107
50, 952
12, 230
33, 576
8,204
25, 372
.2227
86, 678
111, 842
119, 529
58, 748
12, 035
36, 298
8.625
27, 673
.2290
90, 542
110, 435
121, 806
56, 945
11, 925
62, 526
33, 901
28, 625
.2420
90,148
101,410
111, 985
51,805
12, 226
38, 823
18, 664
20, 159
.2420
91, 218
109, 464
121, 954
49, 040
20, 905
54, 807
26, 912
27, 895
.2420
86, 961
110, 144
108, 128
54, 883
8,729
45, 828
25,863
19, 965
.2420
81, 598
101, 054
99, 485
59, 324
16, 027
44 850
22, 005
22, 845
.2420
35, 558
35, 513
38, 024
39, 099
36, 957
35, 811
31, 398
32, 283
36, 030
34, 952
35, 104
36, 912
35, 731
35, 394
35, 377
34, 069
36, 175
36, 099
35, 481
33, 965
33 370
31, 977
r 37 096
36 040
33 478
34 618
48, 196
33, 751
86, 309
48, 989
45, 702
76, 236
44, 490
35, 774
69, 025
41, 520
41, 188
67, 809
47, 242
47, 031
67, 495
49, 958
55, 898
61, 042
54, 123
62, 138
50, 854
50, 725
58, 658
40, 910
48, 234
49, 601
35, 619
48, 878
51, 260
33,232
43, 675
49 128
27, 775
50 701
50 927
27 259
44 362
42 033
29 437
.1700
80, 352
73, 012
' 91, 243 91, 055
112 933
103 494
116, 793
114 744
55 609
52 800
14, 457
36 062
20, 952
15 110
.2420
.2420
.1063
1
.1172
.1181
.1166
.1293
.1580
.1604
.1700
.1700
.1700
.1700
.1700
32, 787
54, 917
41,523
35, 646
50, 412
41, 831
43, 810
61, 002
114, 696
31, 526
12, 898
14, 918
2,574
2,717
6,571
8,157
42, 512 i 43. 717
18, 254
19, 623
22, 780
21, 910
3,130
7,092
i 41, 442
17, 804
22, 587
3,529
3,653
6,678
7,059
142,020 r i 42, 697
18, 554
17, 486
23,666 ' 22, 931
3,383
6,799
i 40, 995
18, 618
21, 931
3,566
6,456
38, 840
17 786
20,728
3 423
3 491
2 753
4 405
1. 4546
1.4583
60, 670
56, 413
2,743
5,488
42, 270
23, 488
18, 427
1
3,185
6,120
43, 41 7
23,482
19,230
1
2,605
6,478
42, 644
20,623
20,117
1
1
1,392
2,941
.7645
374
10, 434
.7750
473
8,613
.7770
658
11, 621
.8988
4,266
8,254
1. 0205
3.882
5,136
1. 0129
3,130
6,357
1. 1335
1,685
5,008
1. 3768
3,789
4,019
1. 4478
r
4,545
5, 836
1. 7172
2,927
2 213
1. 8268
49, 183
52, 111
50, 625
48, 423
56, 221
54, 794
55, 791
54, 604
55, 127
59, 651
56, 878
75, 877
83, 133
73, 389
52, 520
79,645
90, 346
71, 101
41, 819
75, 766
90,920
68, 214
26, 665
77, 868
84, 116
67, 119
20, 417
73, 399
79, 365
69, 073
14, 451
71, 057
75.241
70, 656
10, 267
79 997
81, 156
71, 596
9,108
79, 226
79, 079
69, 202
9,255
79, 986
80, 357
72, 333
8,884
80 937
79,609
72 068
10, 212
70 285
69, 380
64, 784
11, 117
80 450
80 462
70 845
11, 105
77 813
74 407
69 113
14, 511
.1066
20, 593
178
.1197
27,202
0
.1465
43, 662
136
.1500
38, 824
0
.1505
58, 685
2,147
.1710
35, 137
0
.1750
39, 456
6,169
.1750
34, 150
0
.1750
31, 744
596
.1750
37, 163
3,292
.1750
23, 519
3,100
.1750
26, 375
3,720
.1750
7,044
13,371
13, 309
13, 893
30, 141
13, 385
20, 467
18, 357
43, 921
12, 617
19, 724
15, 413
20 446
12, 841
20,665
13, 485
20, 001
11, 147
25 307
8,564
15 594
4 825
15 292
7 363
12, 573
96,634
15, 349
99, 986
19, 386
100, 994
25, 747
87, 568
40, 329
72, 295
40, 153
58, 577
38 488
48, 885
25, 754
48,483
17, 399
48, 763
21 262
51, 520
19 458
52, 712
19 456
57 400
T
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and con vectors, cast iron:
Boilers (round and square) :
Shipments
thous oflb
Stocks, end of month
do
Radiation:
Shipments
-thous ofsq ft
Stocks, end of month
do_ __
6,449
5,127
5,714
4,675
4,372
3,513
2,025
5 798
4,020
2,440
4 658
4 311
4,846
6,531
2,951
2,766
7,821
4,020
3,099
3,028
3,200
7,505
7,056
3.717
Revised.
* Includes small amount not distributed.
2 Data beginning February 1951 include figures for 30 companies (which operate captive extruding departments) not previously
canvassed; for February, the shipments by the additional companies increased total shipments for fabricated and wrought products 3 and 4 percent, respectively.
tRevised 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.
cf Substituted series. Compiled by the American Metal Market; data represent average of dailj closing prices (prior series was based on averages for the day).
§ Government stocks represent those available for industrial use.
r
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 1951
1951
1950
May
April
June
July
August
September
October
November
December
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
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans new ordersj
thous of dol
Unit heater group new ordersj
do
Foundry equipment (new), new orders,
net
1937-39 = 100Furnaces, industrial, new orders:
Electric
thous. of dol_
Fuel-fired (except for hot rolling steel) *
do
Machine tools:
New orders *
1945-47=100
Shipments
do
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
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only) , shipments
thousands.Domestic electrical appliances, sales billed:
Refrigerators, index
1936 = 100
Vacuum cleaners, standard type
_number_
Washers
do
Insulating materials and related products:
Insulating materials sales billed, index 1936=100.
Fiber products:
Laminated fiber products, shipments
thous. of doL .
Vulcanized fiber:
Consumption of fiber paper
thous. of l b _ _
Shipments of vulcanized products
thous. of doL .
Steel conduit (rigid) and fittings, shipments
short tons-_
Motors and generators, quarterly:
New orders index
1936=100
Polyphase induction motors, 1-200 hn.:cf
New orders
thous of dol .
Billings
do __.
Direct current motors and generators, 1-200 hp.:d"
New orders
thous of dol
Billings
do
34, 481
33, 563
36, 498
37, 489
43, 552
38, 920
44, 748
40, 689
43 869
41, 104
35 807
42,122
54, 879
46, 208
51, 698
61, 945
64, 001
57, 818
81, 725
80, 562
59, 401
123, 693
98, 656
50, 446
146. 922
138, 587
38, 747
118.930
115,780
37, 468
82,903
114,041
38, 411
65, 496
70 285
44, 482
57, 837
60 180
51, 564
65, 856
64 370
61, 006
62, 963
59 176
64, 856
5?S 894
56 042
69, 485
263, 738
12, 170
239, 706
11, 862
266, 647
8,663
244, 080
13, 904
246, 283
8,783
220, 936
16, 564
281, 870
11,113
256, 075
14, 682
376, 637
21,045
333, 439
22, 153
323, 636
16, 157
288, 809
18, 670
338, 625
14, 827
309, 846
13, 952
295, 344
11, 187
270, 613
13 544
263, 729
9,990
237, 001
16 738
290, 374
12, 136
261, 793
16 445
281,362
10, 939
255, 112
15 311
318,455
12,714
290, 989
14 752
130, 064
21, 376
69, 721
38, 967
190, 317
34, 975
101, 258
54, 084
294, 372
51, 160
137, 945
105, 267
433, 371
74, 704
228, 936
129. 731
785, 350
172, 497
321, 487
291, 366
658, 807
173, 145
277, 940
207, 722
610, 766
145, 742
290, 932
174, 092
464, 490
109, 658
243 948
110,884
327 637
69, 393
171 182
87, 062
235, 580
44, 719
112 939
77, 922
270 429
50, 814
128 797
90, 818
311,433
62, 291
159,485
89, 657
58, 798
38, 896
15, 465
4,437
213, 754
78, 349
50, 162
21, 286
6,901
237, 837
98, 517
58, 476
30, 867
9,174
255, 072
102, 189
54, 203
35, 380
12, 606
243,490
145, 512
76, 463
45, 644
23, 405
322, 909
139, 014
74, 241
44, 980
19, 793
280,683
137, 915
67, 036
51, 285
19, 594
286, 907
102, 001
50, 336
36, 988
14 677
257, 999
85, 407
45. 666
29, 917
9 824
250, 134
71, 143
36, 398
26, 639
8,106
266, 442
71, 966
35, 969
24, 957
11 040
254, 525
79, 239
41, 180
24, 584
13, 475
265, 122
r
i
r
r
r
28, 317
9, 715
r
T
32, 471
17, 870
37, 020
17, 117
32 524
17, 667
160.6
294.9
622.7
401.8
693.6
483. 8
526.8
885.5
526.2
668.0
638.6
599.0
490.1
415
837
982
1,392
1,328
1,166
1,445
2,247
1,039
3,927
1,485
1,817
1,603
2,306
2,157
2,068
1,505
2 749
2,764
4,033
3,212
4,670
4,846
7,019
3,657
8 497
98.9
61.6
116.4
82.5
124.1
91.9
253.1
68.3
305.1
95.7
280.6
101.6
289.6
100.9
291.9
110.9
410.1
135.7
475.4
114.3
615. 5
123.8
591.8
158. 9
v 155 7
814
743
1,450
2,234
4,430
3,546
2,950
1,891
1 937
1,636
1,509
1,570
1 170
120
134
226
248
352
358
259
174
176
174
163
178
r
177
36, 109
34, 960
62, 952
64, 582
87, 404
64, 638
66, 472
38, 343
73, 142
61, 953
38, 095
65, 561
72 575
3,376
3,688
4,153
4,080
6,429
5,191
4,985
5,961
6,720
6,477
6,480
7,654
7,583
915
1,196
1,646
2,060
2,839
2,925
3,007
2,536
2,172
1,873
1,390
1, 113
1,811
330
292, 664
333, 100
328
278, 645
304, 600
332
250, 190
325, 200
304
279, 967
282, 300
293
341, 232
381, 500
302
327, 524
424, 000
236
331, 445
439, 900
228
265, 310
380, 000
219
288, 756
377 000
275
282, 305
321, 092
238
287, 1 77
341, 328
368, 445
381
446
449
370
466
514
547
542
564
595
552
662
2
2
r
330
292 193
5,226
6,069
6,165
5,164
6,288
7,054
7,332
7,266
7,574
7, 552
29,279
8,911
3,735
4,319
4,326
3,831
4,721
4,674
5,048
4,844
4,738
5,399
5,153
4,251
5,233
1,307
1,534
1,523
1,271
1,717
1,794
2,088
2,036
1,965
2,244
2,000
2,351
2,287
16, 515
17, 219
21, 645
24, 723
30, 543
29, 123
25, 875
24, 489
27, 561
25, 055
23, 389
28, 590
27, 464
8, 102
334
551
674
780
25. 436
24, 608
46, 582
29, 610
55 054
37,905
64, 221
40, 357
6 106
4,347
7,428
4, 163
10, 648
5,382
10, 666
6,082
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 re tail 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
3,355
4,258
4,196
2,875
4,417
3,862
4,313
3,379
3,360
4,199
3,522
2,183
2,602
289
261
408
364
556
345
637
275
878
318
1,035
480
1,298
461
1,416
346
1,268
328
1,068
374
815
323
740
197
732
21 30
16. 692
20.33
16. 207
20 36
16.356
20.76
16. 498
21 26
16. 636
21.52
16. 739
21.74
16. 886
21.90
16. 980
22.06
17. 121
22 14
17. 134
23.24
18. 540
23 48
18. 497
23.35
18. 062
46, 615
45, 798
45, 823
35, 109
50, 083
47, 297
51, 376
45, 512
47, 497
51, 470
40, 451
T
44, 862
41, 977
36, 617
30, 041
34, 031
29, 651
33, 248
28,763
33, 819
28, 581
36, 957
30, 202
44, 875
35, 596
8,072
8,340
625
8, 057
8,006
8,473
670
652
41, 300
32, 150
1,038
7,665
649
636
46, 376
36, 095
1,105
8,633
' 41, 665
T
34, 345
r
983
T
8, 584
36, 031
31, 185
8,367
38, 887
32, 902
1,000
8.480
40, 033
33, 270
8,091
37, 954
30, 836
1,006
8, 183
6,538
5,341
6,645
4,926
6,779
4,727
6,797
4,750
7,782
4,988
7,456
4,972
8,186
5,360
8,451
5,329
9,024
5,615
9,286
5,717
8,300
4,901
8,714
5, 398
7,583
4,798
8,111
6.576
7,738
4,380
7,127
4.485
6,735
5,238
7,624
7,118
7,609
6,755
8, 560
5. 985
9,176
6,763
9,910
9,279
9,761
10, 281
8,843
9,150
9, 197
7, 320"
4,846
666
631
663
704
622
864
558
795
539
583
903
553
705
611
891
749
668
980
799
795
745
848
638
765
702
767
905
8,413
685
671
8, 13t
r
2
Revised.
? Preliminary.
1 Revisions for 1st quarter of 1950 (thousands of dollars): Blowers and fans, 19,382; unit heater group, 8,121.
Beginning January 1951, data cover 3 additional reporting companies.
tSee note marked "i" on p. S-34 of the June 1950 SURVEY regarding revised data.
cfThe number of companies reporting is as follows: Polyphase induction, first half of 1950, 31; beginning second half of 1950, 32; direct current, year 1950, 29; 1st quarter of 1951, 28.
* New series. Data for new orders of fuel-fired furnaces are 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. The index of new orders of machine tools, compiled by the National Machine Tool Builders' Association, is based on dollar volume of shipments reported by members which are
believed to account for about 85 percent of the total orders and shipments of the industry. See note in 1949 STATISTICAL SUPPLEMENT for description of tools included in the index. Monthly
data for 1937-50 are shown on p. 24 of the April 1951 SURVEY.
SURVEY OF CURRENT BUSINESS
June 1 5
91
S-3t
1951
1950
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
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
Steel 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:
Beehivet
thous. of short tons
Byproduct
.__
_do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
\t furnace plants
do
At merchant plants
do
Petroleum coke
do
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton_-
45
85
82
88
78
87
84
83
40
27
44, 795
42, 840
9,572
771
16, 774
3,113
841
11, 769
1,955
3,072
51, 376
49, 198
11, 280
902
19, 505
3,802
951
12, 758
2,178
2,657
61, 979
49, 751
10, 395
944
20, 581
3,238
891
13, 702
2,228
2,728
58, 964
56, 620
12, 353
1,089
22, 925
3,746
928
15, 579
2, 344
2,956
64, 293
61, 836
13, 964
1,181
24, 940
3, 646
968
17, 137
2.457
2,923
70, 478
67. 714
15,666
1,283
26. 668
4. 172
989
18, 936
2,764
3,085
72, 131
69, 389
16, 329
1,361
27. 529
4,513
1,005
18, 652
2,742
2,582
72. 516
70, 054
16, 776
1, 369
27,121
5, 105
1,012
18, 671
2,462
1,827
74, 006
71,766
16, 960
1,418
27, 006
5, 311
1,074
19, 997
2,240
2,257
70, 662
68. 754
16, 374
1,318
25, 875
5,046
1,044
19, 097
1,908
2,412
41
37
37, 590
36, 047
7,491
668
13, 820
2,902
695
10, 471
1,543
2,108
T
71, 425
' 69, 813
r
16, 751
1,243
26, 529
4,854
1,091
19, 345
1,612
3,207
72, 081
70, 550
16, 462
1, 232
27, 571
4,739
1,143
19, 403
1,531
16.63
16.16
16.09
16.12
16.31
16.47
16. 74
16.77
16.80
16.86
16.94
16.97
16.93
8.756
9.456
8.729
9.403
8.707
9.394
8.689
9.380
8.698
9.464
8.699
9.562
8.713
9.582
8.735
9.582
8. 741
9.582
8.741
9.582
8.967
9.736
' 8. 967
9.661
8.944
9.441
'494
5,663
246
'529
5,868
296
'581
5,657
304
••653
5, 765
315
'592
5,671
283
'644
6,006
289
578
5,666
288
626
5,981
301
715
' 6, 077
327
603
' 5, 399
288
651
6,042
299
575
5,911
700
581
119
117
29
718
611
108
133
32
724
612
111
129
22
'818
642
r
176
125
39
'827
599
'228
101
34
855
584
271
104
37
984
661
323
85
41
1,102
752
351
74
46
1, 106
813
293
82
42
1,100
905
195
86
54
1,069
932
137
116
51
1,266
1,134
132
118
50
1,410
1, 219
191
14. 250
14. 250
14. 250
14. 250
14. 250
14. 250
14. 250
14. 250
14. 625
14. 750
14.750
14. 750
14. 750
' 1, 896
149, 052
82
155, 797
r
1, 974
159, 441
90
171, 599
' 2, 334
161, 332
88
169, 663
r
2, 200
170,017
91
182, 330
' 2, 276
175, 594
94
188, 078
•' 2, 023
176, 636
94
181, 778
' 2, 019
182, 896
94
188, 393
2,211
176, 725
93
182, 539
2,008
177, 276
94
190, 448
1,917
183, 110
96
199, 958
1,518
166, 041
96
183, 745
1, 895
187, 624
96
200, 535
244, 605
62, 647
165, 373
16, 585
239, 877
62, 944
160, 751
16, 182
242, 287
240, 270
' 63, 639 62, 845
162, 506
160, 254
16, 142
17, 171
237, 393
61, 247
159, 357
16, 789
242, 311
60, 884
164, 303
17, 124
246, 424
61,993
167,490
16, 941
249, 525
61 , 053
171, 343
17, 129
248, 463
63, 328
167, 941
17, 194
243, 107
60, 377
164, 555
18, 175
235, 247
56, 260
161,556
17,431
233, 824
58, 671
157, 710
17, 443
r
r
"501
5, 868
318
r
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed}
number
Production
thous. of bbl
Refinery operations
percent of capacity
Consumption (runs to stills)
thous. of bbl__
Stocks, end of month :cT
Gasoline-bearing in U S., total
do
At refineries
do
At tank farms and in pipelines
do
On leases
do
3,229
2,913
2,654
4,033
2,917
2,471
3,096
2,968
3,274
3.095
2,640
2,946
Exports
do
13, 269
16, 192
12, 699
14, 305
14, 607
15,496
14, 359
15, 185
15, 307
13, 960
13, 575
13, 731
Imports
do
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2. 570
2.570
2.570
2.570
Price (Oklahoma-Kansas) nt wells t dol. perbbl__
Refined petroleum products:
Fuel oil:
Production:
41, 129
36, 530
44, 244
35, 392
37, 723
41, 628
39, 742
33, 765
29, 301
31,112
32, 253
30, 920
Distillate fuel oil
thous of bbl
41, 771
38, 759
37, 202
35, 343
40, 475
42, 397
38, 696
35, 585
32, 058
32, 954
31, 426
35, 338
Residual fuel oil
do
Domestic demand:
29, 320
35, 411
55, 343
45, 032
24, 864
23, 864
28, 806
19, 705
57, 331
'50,085
26, 785
25, 123
Distillate fuel oil
do
56, 198
53, 543
42, 668
45, 980
47, 977
42, 906
56, 223
39, 055
' 51,101
40, 743
44, 762
41, 955
Residual fuel oil
do
Consumption by type of consumer:
6,194
6,281
5, 899
6,145
6,417
5,527
4,811
5,324
5,319
5,275
5,673
5. 573
6,043
Electric-power plants
_ _
do
4,204
4,474
4,247
4, 251
4,207
3, 594
4,117
3,543
4,284
4,117
3,833
4,029
Railways (class I)
do
4,772
4,545
5,125
4,664
4,980
5,064
5,008
5,846
5,422
5,039
4,477
4,713
Vessels (bunker oil)
do
Stocks, end of month:
85, 643
71, 948
58, 424
42, 978
86, 113
47, 587
68, 426
78, 270
37, 530
53, 679
61, 664
42, 739
Distillate fuel oilO
do
39, 409
45, 004
40, 750
41, 966
45, 048
37, 516
40, 979
39, 979
40, 124
39, 482
40, 317
42, 165
Residual fuel oil
do
Exports:
1,124
643
773
935
801
809
916
863
714
660
1,011
626
Distillate fuel oil
do
632
1,221
1,071
1, 326
663
644
1,077
802
958
861
935
1,398
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)t
.091
.086
.091
.088
.091
.091
.091
.091
.081
.082
.077
.081
.078
dol. per gal__
1.650
1.650
1.700
1.750
1.750
1. 750
1.650
1.488
1.750
1.650
1.625
1.620
1.590
Residual (Okla., No. 6 fuel)*.. dol. per bbl..
Kerosene:
12, 371
11,261
11,475
10, 264
10, 255
12, 715
9,091
9,828
9,989
8,848
8,477
Production
thous. of bbl
9,790
T
16,817
15, 633
' 14, 789
7,920
12, 737
9,486
11,760
8, 371
Domestic demand
do
7,035
4, 629
6,926
5,700
13,150
25, 803
28, 292
25, 526
19, 723
13, 657
16, 673
27, 677
13, 383
Stocks, end of month
do
23, 151
21,117
17, 304
214
125
136
205
46
61
113
40
Exports
do
39
77
26
71
Price, wholesale, bulk lots (New York Har.096
.101
.101
. 101
.101
.101
.101
.098
.092
.093
.089
.092
.090
bor) t
dol. per gal
Lubricants:
4, 339
4,686
4,906
5, 068
5, 108
5, 061
4,646
4,987
Production
thous. of bbl
3,645
4,002
4, 151
4,039
3,115
3,322
3, 907
3, 012
2,544
3, 539
3,690
3, 511
3,822
3,346
Domestic demand
do
3,588
3,339
7,849
8,386
8,209
6, 973
7,145
8,160
7,283
Stocks, refinery, end of month
do
6, 950
8,787
7,427
7,736
8,280
1
1
1
1
1
1934
1,402
1, 533
1992
i 1, 101
1, 157
'- 1, 281
1, 222
1,250
1, 099
910
Exports
do
1.160
Price, wholesale, bright stock (midcontinent,
.290
.282
.255
.268
.270
.290
.290
.290
.181
.170
.199
.220
.172
f o. b. Tulsa)f
dol. per gal
r
Revised.
1
Excludes "special category" exports not shown separately for securit y reasons.
c? Includes stocks of heavy crude in California.
T
fRevised series. Beginning in the July 1950 Su RVEY, the following p rice series have been substitute d for those previously shown: C rude petro leum, 36°-t56.9° gravit y (former series, 33°33.9°); distillate fuel oil, New York Harbor, No. 2 fue1. bulk lots , f. o. b. ref neries or tcsrminals, e?ccl. all fees and taxes ( former seri es, Pennsy Ivania, 36° -40° gravit y) ; lubrica ;ing oil, br ight stock,
ril
idcontinen t, excl. all f ees and tax es (former series, cylirider, Penm ylvania). Beginning; in the Ap 1950 SuiIVEY, price s for keroscme (N. Y.
conventional, 150-160 viscosity D, 0-10 pour point, m
Harbor, No. 1 fuel, f. o. b. refineries or terminals, ex cl. all fees and taxes) replace th ose for wai er white, 1Pennsylvarlia. Data beginning 1935 for al I series exc 3pt keroserle are sho\\rn on p. 20
of the March 1951 SURVEY; kerosene prices beginnin g 1935 are shown on p . 24 of the August 195 3 SURVEY.
I Revision for 1950: Beehive coke (thous. of shor tons), Jan uary-Mar 3h— 124; 38 302; Num 3er of well 3 completes1, March, '<J,017.
*New series. Compiled by the U. S. Departmerit of Labor, Bureau of Labor Stati sties. Pric es are for 1 )ulk lots, e xcluding a 1 fees and taxes (Okl<ihoma, gro up 3). Da ta beginni ng 1935 are
shown on p. 20 of the March 1951 SURVEY; prices were inadver tently quo; ed as dolla rs per gallc n instead }f dollars per barrel.
ONew basis. Beginning January 1950, coverag e was inertjased to in<ilude one I£ast Coast terminal riot previou sly report!ng.
SURVEY OF CURRENT BUSINESS
S-36
June 1951
1951
1950
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:
92, 710
91, 017
77, 606
84, 801
85, 181
90,917
87, 539
Production, total
thous. of bbl__
Gasoline and naphtha from crude petro82, 367
68, 254
74, 958
75, 128
80, 365
79, 815
76, 939
leum
thous. of bbl
15,002
15, 449
14, 016
14, 246
14, 254
16, 476
15, 466
Natural gasoline and allied products do
Sales of 1. p. g. for fuel, etc., and transfers
5,106
4,664
5,374
4,403
4,201
4,350
4,866
of cycle products
thous. of bbl
6,984
7,321
7,506
8,510
9,302
7,113
8,520
Used at refineries
do
94, 537
89, 033
91, 707
80, 348
86, 766
89, 126
90, 170
Domestic demand
_ -do
Stocks, gasoline, end of month:
119, 584
102, 769
99,423
112, 915
106, 026
97, 844
97, 904
Finished gasoline total
do
61, 771
56, 743
68, 403
58, 891
55, 676
55, 560
At refineries
do _ . 76, 591
7,644
8,473
8, 286
8,120
8,048
7,844
7,920
Unfinished gasoline
do
8,151
8,226
7,950
8,163
8,730
8,667
8,581
Natural gasoline and allied products do
1
1,431
1,921
i 1, 452
1997
1,852
1 1, 823
1, 853
Exports
do
Price, gasoline:
Wholesale, refinery (Oklahoma), group 3
.104
.095
.102
.103
.101
.098
.104
dol. per gal__
.147
.138
.142
.145
.147
.142
.147
Wholesale tank wagon (N Y ) f
do
.202
.203
.199
.200
.201
.205
.201
Retail, service stations, 50 cities
__do
Aviation gasoline:
3,954
3,137
4,264
4,896
5,604
3.781
5,107
Production total
thous. of bbl
4,152
2,728
2,944
2, 859
3,320
3,929
4,247
100-octane and above
_
do
7, 446
6,593
6,656
6,133
7,138
6,579
6,000
Stocks, total
_ - _-do
3,252
3,023
3,288
3,226
3,260
2,970
3,256
100-octane and above
do
Asphalt:
929, 300 1, 043, 800 1, 173, 300 1, 246, 000 1, 197, 600 1, 140, 200
Production
short tons__ 669, 800
1, 326, 500 1, 298, 900 1, 155, 300 1, 051, 500
790, 000
742, 400
670, 200
Stocks refinery end of month
do
Wax:
102, 200
104, 720
113, 960
98, 840
96, 320
114, 800
107, 240
Production
thous. of Ib
140, 000
151, 760
161, 560
151, 760
158, 480
145, 880
135, 240
Stocks, refinery, end of month _
do
Asphalt products, shipments :J
' 6, 256 ' 6, 744
Asphalt roofing, total
thous. of squares. _ ' 4, 519 ' 5, 912 ' 6, 246 ' 5, 960 ' 7, 044
Roll roofing and cap sheet:
-•994
' 1, 201 ' 1,146
' 1, 372 ' 1, 333 ' 1,553
' 1, 125
Smooth-surfaced
do
'969
' 1, 251 '1,219
' 1, 197
' 1, 481 ' 1, 347 ' 1, 528
Min eral-sur faced
do
' 2, 555 ' 3, 589 ' 3, 793 ' 3, 594 ' 4, 191
' 3, 575 ' 3, 663
Shingles all types
do
r
'141
' 124
145
' 136
' 176
' 166
'209
Asphalt sidingsf
- do
Saturated felts t
_
.short tons. _ ' 46, 550 ' 60, 264 ' 63, 313 '61,021 ' 64, 922 ' 56, 157 ' 59, 937
87, 322
90,945
94, 132
83, 752
93, 378
76, 808
16, 256
80, 229
17,241
83, 773
17, 314
74, 335
' 15, 631
82, 140
17, 780
5,742
8,968
82, 718
6,525
9,011
81, 063
6,955
8,045
80,554
6,214
7,028
' 72, 717
6,542
7,997
86, 754
100. 995
57, 934
8,010
7.636
i 1, 486
108, 669
64, 276
8,100
7, 355
i 2, 109
120, 473
76, 160
8,006
7,474
1 1, 132
129, 537
84,250
7,706
7,842
1
1, 097
133, 465
85, 096
7,991
8,109
1
1, 950
.104
.147
.202
.101
.147
.207
.104
.147
.206
.104
.147
.206
.104
.147
.205
5,468
4,198
7,215
3,802
5,909
4,883
7,220
3,744
5,789
4,091
7,813
3,518
5,010
4,144
8,255
3,837
6,113
5,017
8,566
4,048
875, 500
785, 500
643, 300
717,100
681, 500
806, 500
962, 400 1, 108, 000 1, 282, 700 1, 468, 000
120, 120
135, 800
122 080
141, 120
0.104
.147
.203
124, 600
144, 760
108, 640
139, 440
122, 640
140, 840
' 5, 262
5,259
4,354
5, 357
4,795
' 1 559
' 1.466
' 3 282
' 213
' 59, 335
' 1 410
' 1, 168
' 2 684
' 171
' 56, 481
1 352
1,241
2 666
202
71, 675
1 148
996
2 210
170
61, 158
] 290
1,203
2 864
193
71. 673
1 052
1 016
2 726
139
64, 999
2,487
2,149
4,155
' 2, 169
' 1, 985
' 4, 336
2 345
2 252
4 434
' 6, 306
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128 cu. ft.)__
Consumption
do
Stocks end of month
_ __ _-do
Waste paper:
Receipts
short tons_.
Consumption
-- --do
Stocks end, of month
do
WOOD PULP
Production:
Total all grades
thous. of short tons- _
Bleached sulphate
short tons
Unbleached sulphate
do
Bleached sulphite
_- _.do
Unbleached sulphite
_ _
do
Soda
do
Ground wood
do
Defibrated, exploded, etc
- do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
_ . _ _ _ short tons__
Bleached sulphate
do
Unbleached sulphate
do
Bleached sulphite
do
Unbleached sulphite
do
Soda
do
Groundwood
_
__.
do
Exports, all grades, total
Imports, all grades, total
Bleached sulphate
Unbleached sulphate
Bleached sulphite
Unbleached sulphite
Soda
Groundwood
- -
do
do
do
do_
do
do
-do
do. _
1,387
1,860
3,999
1,523
1,977
3,542
1,836
1,983
3,392
1,968
1,864
3,491
2,326
2,093
3,724
2,042
1,982
3,780
2,083
2,160
3,704
2, 113
2 108
3,704
2,121
2 014
3,815
604, 058
598, 526
363, 374
638, 275
640, 671
357, 892
639, 504
639, 505
354, 200
568, 893
560, 469
362, 209
711, 910
732, 001
348, 450
688, 843
687, 173
342, 677
776, 402
756, 727
377, 351
751,411
752, 065
362 549
740, 953
715, 429
386 552
818, 506 ' 824, 075 893 885
797, 339 ' 840, 384 859 815
412 699 ' 416 826 444 416
1,163
139, 949
450, 724
172, 614
57,232
44, 575
174, 672
69, 582
1,247
146, 106
490, 032
180, 213
59, 257
48, 300
187, 516
77, 819
1,221
147, 158
469, 188
172, 920
57, 643
47, 249
188, 297
78,001
1,166
144, 591
454, 886
160, 826
53, 735
41, 723
172, 495
80, 570
1,322
149, 488
513, 779
187, 933
63,566
47, 382
193, 498
93,800
1,232
144, 773
468, 025
171, 788
63,712
43 949
186, 878
86 153
1,370
177, 134
529 945
192, 824
67, 324
38,128
204, 512
89, 124
1,326
168, 086
511 043
187, 622
68 734
36 731
199 068
86 249
1,252
162 222
467 746
169, 696
68 152
34 931
197, 756
84 495
1 349
183 559
526 488
195, 541
67, 698
38 821
215, 190
52 000
115, 455
11, 999
8,604
28, 125
17, 740
1,735
37, 697
111, 537
11,204
7,371
26, 042
18, 555
1,483
37, 509
105, 914
11, 448
7,787
25, 667
13, 552
1,590
36, 325
102, 428
12, 886
8,804
21, 701
13, 313
1,314
35, 614
104,631
13, 022
9,540
24, 558
12, 282
1,830
33, 580
93, 120
13, 595
9 415
18,215
14,290
750
31, 077
90, 386
14, 573
9,620
19, 446
13, 787
515
29,309
87, 929
14, 424
9 659
18, 547
12, 854
683
29, 842
81, 974
10 162
9 708
13, 534
12, 525
1,040
33, 043
90, 397
10 515
9 441
20, 309
12, 354
597
35, 161
5,926
150, 290
30, 837
22, 365
48, 353
28, 030
2,333
18, 071
7,331
204, 391
48, 556
30, 980
56, 115
41, 189
2,833
24, 002
7,891
225, 369
40, 444
48, 899
59 980
44, 916
2,851
25, 974
6,754
177, 749
29,479
34, 330
47, 022
43, 018
2,707
20,149
7,818
186, 225
35, 754
40, 953
46, 193
34, 465
3,205
24, 891
10,223
192 495
29 312
34 382
58 365
44 997
2,868
21, 708
6,479
207, 456
44 529
36, 736
47 779
53 955
3,368
20 080
8,882
208, 867
35 204
28, 388
59 107
52, 720
2,936
29 675
18, 888
204 658
35 783
36 472
57 207
43 220
2,614
28 673
r i 402
1,238
163, 912 '188 992
490 986
551 605
177, 141 ' 197 986
r eg 461
60 351
35 545
38 611
195. 426
215 998
50 000
67 000
94. 466
12 255
8 871
21, 760
11, 502
648
37, 282
1 414
192 303
540 138
193' 598
68 017
38 122
209 595
98 000
r 94 753
100 366
r 13 787
13 112
9 499
7' 500
' 20 129 21 632
13 144
11 799
1 039
862
39 913
38 261
' 14, 761 ' 14, 457 11 520
219 455 205, 766 198 432
52 915
31 307
36 395
34, 478
27 134
40 390
48 343
54 707
52 128
44 564
55 357
46 934
2,357
3 025
3, 114
22, 328
31 722
33 637
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
thous. of short
Paper (incl. building paper)
Paperboard _ _ _ _
_
Buildine board . _
2,029
1,813
2,047
1,900
2,184
2,085
2,193
2,233
' 2, 101
2,096
2,252
2,357
959
1,021
1,033
939
1,062
1,024
1,088
' 1, 023
1,037
1,061
1,098
1,137
921
784
1,002
890
848
1,025
'985
1,015
946
1,063
946
1 108
* r 92
112
113
W,
120
114
121
118
106
106
90
94
l
' Revised.
Excludes "special category" exports not shown separately for security reasons.
fRevised series. Beginning with the October 1950 SURVEY, prices have been revised to exclude Federal and State taxes; comparable figures for 1935-49 are shown on p. 24 of the
January 1951 SURVEY.
tFinal revisions for January-March 1950: Asphalt roofing (thous. of squares)—total, 3,593; 3,308* 3,875; smooth-surfaced, 951; 834; 899; mineral-surfaced, 838; 786; 866; shingles, 1,803; 1,685;
2,111; sidings (thous. of squares)—194; 173; 162; felts (short tons)—42,155; 35,838; 44,416.
tons..
do
do. _
do
SUEVEY OF CUREENT BUSINESS
June 1951
1950
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
April
May
June
July
19 51
Septem-
August
ber
October
Novem-
ber
Decem-
ber
January
Febru-
March
ary
April
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association):!
Orders new
short tons to 778, 355 ' 808, 496 ' 847, 356 916, 494 »• 974, 653 r 852, 625 r 870, 578 r 815, 448
to 531, 987 r 529, 385 ' 554, 672 747, 500 r 876, 300 r 913, 297 r 912, 860 r 877, 359
Orders, unfilled, end of month
do
to 775, 194 ' 815, 032 r 818, 109
716,851 r 837, 275 r 806, 044 r 866, 740 r 847, 408
Production
do
to 772, 240 ' 811, 132 ' 822, 024
723, 563 ' 845, 813 r 815, 574 r 870, 994 r 852, 096
Shipments
do
2r
338, 135 r 341, 697 ' 337, 442
330, 201 r 320, 572 ' 310, 663 r 305, 900 r 300, 855
Stocks end of month
do
Fine paper:
* 95, 020 ••108,155 ' 110, 740 135,150 ' 149, 100 ' 114, 207 r 115, 272 r 102, 770
Orders new
do
* 55, 588 r 57, 568
' 61, 355 110,150 r 143, 200 r 145, 772 r 147, 840 f 138, 575
Orders, unfilled, end of month ._
do
to 94, 961 »• 105, 417 r 103, 500 r 83, 586 •• 111, 310 ' 106, 764 r 112, 207 r 110, 119
Production
do
to 96, 274 r 106, 175 r 106, 950 r 86, 350 «• 116, 050 r 111,635 ' 113, 203 ••112,035
Shipments
do
* 85, 022 ' 84, 467 «• 81, 219 ' 78, 654 «• 74, 115 r 69, 450 ' 68, 655 r 66, 770
Stocks, end of month
__do
Printing paper:
to 258, 685 <• 272, 365 * 291, 915 «• 309, 465 r 354, 658 r 307, 738 r 290, 525 r 284, 615
Orders, new _ _ _ . do_
to 236, 780 ' 231, 570 r 249, 880 r 319, 735 r 387, 600 r 414, 165 «• 406, 900 r 395 050
Orders unfilled end of month
do
to 260, 404 ' 275, 169 ' 272, 989 r 238, 532 r 286, 288 r 280, 203 >• 296, 292 r 290, 561
Production
__ _
_ do
"•
Shipments
.
_.
do. _ to 257, 123 ' 277, 572 «• 273, 605 ' 239, 608 ' 286, 755 ' 281, 172 r 297, 782 r 296, 460
to 120, 545 »• 118, 200 ' 117, 640 ' 116, 635 r 116, 225 r 115, 310 ' 113, 870 107, 860
Stocks, end of month
do
Price, wholesale, book paper, "B" grade, Eng11.65
11.30
11.30
11.65
11.30
11.78
12.15
12.15
lish finish, white, f. o. b. mill__dol. per 1001b__
Coarse paper:
Orders, new
short tons to 276, 000 ' 286, 588 ^ 295, 568 r 312, 314 •• 300, 665 r 276, 858 ' 298, 200 r 281, 340
to 163, 994 ' 165, 382 ' 164, 792 r 216, 315 «- 227, 570 ' 227, 700 ' 231, 200 »• 224, 050
Orders, unfilled, end of month
do
to 271, 143 r 291, 614 ' 296, 312 ' 258, 575 ' 286, 396 r 273, 636 ' 292, 751 r 292, 380
Production
do
to 271, 048 »• 285, 200 ' 296, 157 r 260, 790 «• 289, 407 «• 276, 705 >• 294, 692 r 288, 472
Shipments
do
to 80, 083 r 86, 475 r 86, 608 r 84, 382 «• 81, 352 «• 78, 265 r 76, 305 r 80, 115
Stocks, end of month _
do
Newsprint:
Canada (incl. Newfoundland):^
456, 443
437, 579
439, 255
466, 443
422, 774
459, 937
456, 743
440, 967
Production
- do
465, 253
463, 339
485, 165
417, 589
479, 560
425, 660
440, 777
477, 708
Shipments from mills
_
-do _
137, 141
135, 873
184, 727
128, 331
179, 390
159, 957
159, 767
107, 366
Stocks, at mills, end of month _
do
United States:
373, 788
420, 786
336, 759
346, 795
376, 482
401, 922
407, 943
Consumption by publishers
do_. _ 403, 801
86, 127
92, 877
86, 411
82, 564
89, 719
88, 420
91, 305
87, 980
Production
do
92, 950
89, 928
85, 433
85, 809
92, 779
85, 340
86, 257
85, 141
Shipments from mills __ _
___do
Stocks, end of month:
9,582
8,768
9,297
7,823
6,120
8,074
8,695
10 662
At mills
do
372, 943
356, 782
284, 010
288, 684
303, 524
339, 424
376, 900
334, 783
At publishers
_do
94, 271
94, 187
78, 935
93, 140
81, 095
88, 332
91. 075
98, 499
In transit to publishers
- do_
369, 560
441, 239
415, 424
367, 604
419, 123
487, 435
385, 659
449, 183
Imports
do
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
100. 00
106. 00
Price, rolls (New York)
dol. per short ton__
Paperboard (National Paperboard Association) :
964, 000
945, 400
983, 300 1, 204, 500
977, 800 1, 039, 000 1,019,900
Orders, new
short tons__ 847, 100
394, 100
524, 400
729, 100
714, 900
694, 700
395, 500
Orders, unfilled, end of month
do_ __ 343, 700
722, 000
934, 600
954, 400 1,023,400 1, 012, 700
858, 300
907, 600
816, 900 1, 017, 300
Production, total
do
92
91
94
102
82
100
96
Percent of activity. _
__
...
101
Paper products:
Shipping containers, corrugated and solid fiber,
6,232
5,861
6,277
7,653
7,229
6,075
shipments
mil sq ft. surface area
7,679
7 289
Folding paper boxes, value:
452. 0
513.8
540.8
586.9
904.5
731.2
745.0
New orders
,
1936=100.710.7
518.2
497.8
424.1
456.0
603.3
619.9
671.7
666.1
Shipments
do__
r
937, 879 r
821, 664
r
858, 760 ' 932, 405 r
f 825, 242 «• 871, 450 r
' 840, 249 ' 862, 728 r
295, 545 >•
r 285, 368
821, 801
884, 769
821, 858
817, 717
292, 998
r
959, 757
' 932, 996
r
911, 574
r 911, 448
»• 293, 118
857, 000
964, 636
831, 500
824, 000
300, 628
' 109, 800
r 139, 900
114,000
61, 295
•• 103, 864
r 146, 200
"• 99, 753
' 96, 800
' 64, 245
338, 465
436, 520
299, 097
295, 103
109, 225
279, 128
384, 199
281, 526
281, 062
109, 689
12. 53
12.65
12.65
12.65
277, 572
r
215, 870
r 279, 967
r
285, 750
r
74, 240
302, 740
229, 830
293, 119
288, 775
78, 585
274, 000
227, 800
274, 906
276, 000
77, 490
316, 000
234, 500
308. 000
310, 000
430, 551
448, 775
89, 142
453, 019
423, 343
118, 818
425, 097
400, 833
143, 082
472, 963
473, 503
142, 542
447, 551
443, 288
146, 805
398, 309
85 355
87, 776
345, 552
92, 691
92, 991
336, 568
84, 381
394, 387
94, 015
92, 630
410, 723
88, 888
90, 740
8 241
328, 018
96, 942
418, 044
106. 00
7 941
346, 258
93, 866
r 399, 333
106. 00
8 811
349, 308
95. 893
449, 037
6 959
322, 750
95, 340
106.00
106. 00
•• 102, 340
T
131, 785
r 104,
131
r 109, 129
r
61, 783
r 288, 546
f 393 160
r
287, 910
r 290, 427
' 105, 230
r
118, 960
139, 145
111,113
111,600
876, 700 1,177,200
761,800
617, 200
940, 500 1 056 600
95
102
84,896
7,426
331 , 440
111,019
333, 814
106. 00
r 115,
321
«• 116, 073
r 63, 490
' 346, 195
' 424, 036
»• 308, 602
r 306, 358
«• 111, 930
146, 500
109, 500
107, 000
66, 000
295, 000
438, 026
285, 000
281,000
115, 930
12.65
75,490
987, 900 1,119.300 1,019,300
704, 900
758, 600
646, 900
975 100 1 107 300 1,049 100
104
105
7 105
7 577
6 618
7 965
690.5
875.6
879.4
668 6
904.1
738 9
725 8
851.9
1,157
915
776
601
793
613
1,130
861
180
269
r 37 572
r 87 242
54 687
r 35 335
r 76 312
63 053
105
PRINTING
Book publication, total
New books
__
New editions
number of editions- _
-- _ _ d o - _
do
1,107
872
235
892
695
197
774
566
208
850
650
200
766
618
148
962
816
146
1,138
877
261
1,028
811
217
242
175
878
678
200
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
Stocks end of month
do
Imports, including latex and guayule
_ do__ _
Price, wholesale, smoked sheets (New York)
dol. per lb__
Chemical (synthetic):
Production
_
.
-long tons _
Consumption
do
Stocks, end of month
do
Exports
_ __
do
Reclaimed rubber:
Production
do
Consumption
__
_ __
-_do
Stocks, end of month
__do.
57, 914
106 124
76, 828
63 813
100 776
60, 187
63 333
99 457
77, 876
61, 402
93, 653
62, 004
64 297
87, 146
72, 703
61 281
87, 409
61, 153
69 178
83 215
78, 740
51 340
81 658
73, 393
44 999
89 215
69, 261
44 586
93 079
92? 454
39 807
71 688
.238
.286
.309
.384
.521
.558
.638
.732
.714
.735
34, 821
38, 075
83, 440
37, 320
46, 398
74, 524
646
38, 569
48, 608
65 346
634
43, 820
43, 687
67, 085
724
43, 950
50, 379
63, 654
631
44, 460
49, 550
59, 059
645
44 690
54 507
51 751
678
48 417
48, 261
51 636
581
52 199
53 364
52 758
749
60 952
58 584
55 453
577
r 56 415
r 53 308
r 59 035
' 620
r 65 286
r 65 587
r 60 614
' 533
66 214
59' 947
66* 876
22, 683
28, 352
24, 876
24, 158
27, 837
25, 869
25, 253
28, 470
24, 374
22, 377
30, 371
27, 312
26, 151
31, 793
29, 648
29, 250
33, 395
32 685
32, 785
33 530
30 171
30, 260
33, 960
32 480
29 905
35 708
32 924
32 455
35 843
30 402
28 792
r 36 885
r 35 094
r 32 678
38 334
33 180
32 179
38 450
7,557
7,505
2,975
8, 613
8, 502
3,119
8,455
8,297
12 002
4,421
109
12, 338
89
5,280
4,056
6,003
8,194
10 579
7,833
10, 171
3,884
8 667
8 684
3 783
103
12 367
94
6
7
3
4
6
6
3
3
111
10 792
94
819
562
245
188
129
3 794
i us
764
961
035
812
114
3 552
i 99
5 887
6 174
3 002
3' 058
114
3 307
1
79
6
7
3
3
693
235
620
493
123
2 804
i 120
6
6
2
3
6,220
7,015
7,458
6 035
6 379
6 725
77
5 950
6 595
5 144
5 910
5 154
36
5 828
6 593
4 595
58
5 566
777
21,318
722
.734
.675
TIRES AND TUBES
Pneumatic casings:
Production
~
_
Shipments, total
Original equipment
Replacement equipment
Export
Stocks, end of month
Exports
_
Inner tubes:
Production
Shipments
Stocks, end of month
Exports
Revised.
l
__
thousands
do
do
- do _ .
do
do
do
do
do
do
do. -.
11,710
6,755
12,110
57
48
6,152
8 544
11, 946
55
4,093
6,369
8,011
106
7 004
*73
116
4 794
6 936
9 738
8 422
33
7 263
9 257
6,619
33
Excludes "special category" exports not shown separately for security reasons.
1
75
2
r
111
4 374
1
107
151
4 382
1
108
7 521
7 494
3 214
4 130
r 150
4 810
1 152
7 093
7 586
6, 198
50
7 886
7 378
6 400
68
6 629
6 099
6 963
102
8 216
3 813
4,292
4,750
5 8*>2
56
540
257
801
367
88
3 047
C CQO
4 657
Revised data for January-March 1950 are as follows (short tons)- Total paver—orders
'
cf Data for 1937-48 (incl. Newfoundland) are shown on pp. 22 and 23 of the May 1950 SURVEY. ' Further revisions for stocks at mills, end of December, are shown at bottom of p. S-37 of
the June FRASER
fRevised data for 1948-49 will be published later; see note 2 for this page.
Digitized for 1950 SURVEY.
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 1951
1951
1950
May
April
July
June
August
September
October
November
December
January
February
March
April
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and. cloth shipments reams
164,385
165, 746
165, 781
151, 278
253,575
206,809
197, 500
177,371
155, 823
189, 440
184, 326
206, 940
PORTLAND CEMENT
Production
Percent of caoacitv
Shipments
Stocks, finished, end of month
Stocks clinker, end of month
thous. of bbl_.
18, 134
19, 941
20,001
20,709
21, 884
20, 945
22, 461
20, 226
19, 116
17, 433
15, 201
18, 708
thous.ofbbl _
_do_._
do
18, 424
22, 936
8,626
22, 834
20, 050
8,142
24, 749
15, 298
7,346
23, 167
12, 848
6,388
25, 144
9,608
4,900
22,910
7,642
4,029
24, 167
5,945
2,852
19, 791
6,382
2,962
12, 477
13,018
3,925
12, 237
18, 222
5,473
11, 294
22, 127
7,097
17,692
' 23, 139
8,036
448, 513
512. 242
550, 420
592, 472
573, 586
626, 933
560, 839
583, 436
622, 664
652, 581
585, 205
610, 795
635, 594
639, 342
586, 505
577, 088
491, 267
451,413
480, 607
470, 730
422, 134
408, 766
85
90
93
94
99
98
102
95
87
79
76
'82
20,184
91
20, 953
22, 370
8,149
CLAY PRODUCTS
Brick, unglazed:
Production
thou^ of standard brick
Shipments
do
Price, wholesale, common, composite, f. o. b. plant
dol. per thous__
Clay sewer pipe, vitrified:
Production
short tons
ShiDment"5
do
Structural tile, unglazed:
Production
do
Shipments
do
534, 077
550, 274
r
24. 225
24. 475
24. 721
25. 032
25. 208
25. 616
25. 866
26. 057
26. 378
26.549
26. 589
87, 639
102, 099
126, 921
145, 275
143, 053
156, 376
135, 856
150, 109
151,853
159, 106
153, 180
149, 181
152, 525
152, 593
131, 197
128, 038
127, 739
114, 321
137,211
124, 503
122, 046
96, 487
139, 653
125, 328
98, 995
111,465
117,313
126, 632
119,300
126, 601
118,089
124, 465
119,119
135,112
115, 506
120, 173
118, 702
118, 733
106, 627
105, 786
97, 247
89, 249
108, 816
103, 293
98, 593
89, 645
110, 146
108, 738
8,420
7,649
9,377
9, 371
9,125
9,045
8,870
9,141
9, 133
11, 132
8,673
10, 437
10, 612
8,967
9, 451
8,104
9,321
9,153
10, 279
9,499
9,201
8,563
10, 987
10, 250
26. 602
26.588
GLASS PRODUCTS
Glass containers:
Production
thous. of gross. .
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
"Wide-mouth food (incl. packers' tumblers)
thous. of gross. .
Beverage (returnable and nonreturnable)
thous. of gross. .
Beer bottles
do
Liquor and winp
__
do. Medicinal and toilet
do
Chemical, household and industrial. ... do
Dairy products
do
Fruit jars and jellv glasses
do. ..
Stocks, end of month
. __
do
Other glassware, machine-made:
Tumblers:
Production
thous. of dozens
Shipments
.
..
_ do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of dozens. .
876
1,274
819
844
1,170
1,572
1,871
2,217
2,375
i 2, 476
3,204
2,672
592
475
841
632
1,064
715
1, 856
2,158
1,849
845
700
1,095
1,909
492
669
1,551
2,501
305
582
1, 343
2,576
964
633
228
154
993
730
272
253
908
724
280
312
649
290
819
385
342
822
369
197
669
953
1
2, 474
340
563
1,275
2,228
779
354
i 2, 145
325
459
1,257
2, 235
687
327
786
1
2, 272
654
532
1,317
2,397
791
404
0)
11,075
9.583
835
931
1,116
1,067
2, 410
i 2, 129
i 2, 472
12,332
457
450
1,543
2,637
1
345
541
1,425
2,183
447
978
1,302
2,740
617
1,190
844
324
931
2.389
0)
724
285
C1)
883
313
C1)
823
235
0)
0)
0)
7,079
6,776
5,925
6,070
8,118
6,994
5,498
8,877
5,876
6,107
9,593
5,702
5, 253
9,887
6,959
6,831
9,602
6,506
6,132
9,940
7,570
7,156
10, 340
7,534
6,851
10, 933
3,356
3.846
3,313
3,218
3,667
3,364
3,998
3,439
10, 006
9,714
9, 382
1333
8, 931
6,743
4,865
6,515
6,168
9, 938
6,591
6,223
10, 237
5,635
5,699
8,719
5.209
5,264
8,667
6,548
7,222
8,091
3,266
3,394
3,117
2.. 530
3,671
6,123
7,240
8,091
7,631
9,293
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous of short tons
Production
do
Calcined production quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined
short tons
Calcined:
For building uses-.
Base-coat plasters
do
Keene's cement
do
All other building plasters
do
Lath
thous of sq ft
Tile
do
Wallboardd"
do
Industrial plasters
704
1,923
1,769
967
2,355
1 950
613
2, 102
1 838
549, 472
580, 024
626 833
660, 470
584, 766
13, 642
136, 521
666, 876
10, 765
725, 128
693, 948
15 803
156 429
761, 573
13 449
759 260
595
15
147
754
12
807
512
14
137
710
10
849
61,725
short tons
1 105
2 199
2 049
66, 674
988
200
409
849
012
734
74 208
238
328
878
197
002
933
73 186
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs
Shipments
__
do
Stocks, end of month
do
12, 225
11, 438
25, 364
12, 577
11, 148
26, 794
12, 520
11,918
28, 613
10, 295
11, 429
27, 480
14, 986
16, 584
25, 882
14, 194
15, 590
24, 486
14, 874
15, 791
23, 569
15, 000
14, 796
23, 774
12, 817
11, 842
25 456
14 971
14, 637
25 789
283
864
2,770
6,459
8,793
9,200
9,678
14 337
14 601
25 526
14 736
14 621
25 642
13 149
11, 905
26 886
COTTON
Cotton (exclusive of linters) :
Production :
Ginninps§
thous. of running bales. _
Crop estimate, equivalent 500-lb. bales
thous. of bales..
Consumption f
bales
Stocks in the United States, end of month,
totalf. . _ .
._ _ thous. of bales
Domestic cotton, total
do
On farms and in transit _
. _
do
Public storage and compresses
do
Consuming establishments __ _
do
Foreign cotton, total
do
r
2
9 908
2
710 662
718, 826
841 868
606, 878
807 840
968 484
10, 287
10, 153
9,159
9,038
1,024
6,484
1,529
7, 463
7,355
6,846
6,749
15,087
15,001
9, 374
4,545
1,082
13, 771
13 695
7, 643
4 871
1, 181
988
7,490
1,676
133
121
642
5,357
1,356
108
350
5, 161
1,238
98
86
76
835 155 1,008 872
12, 681
12 613
4,816
6 358
1, 439
68
11,366
11,311
2, 538
6,984
1,789
54
784 057 1 040 891
10, 174
10 117
1 512
6 651
1,955
57
8 681
8 638
792
5 626
2 220
44
894 602
7 852
7 764
' 881
4 603
2 281
88
10 012
911 654
980 906
6 373
6 261
388
3 560
2 313
102
Revised.
1 Data for wide-mouth food containers include jelly glasses in July 1950, and both jelly glasses and fruit jars beginning October 1950.
Total ginnings of 1950 crop.
cf Includes laminated board, reported as component board.
§ Total ginnings to end of month indicated.
K Data for June, September, November 1950 and January and April 1951 cover 5-week periods and for other months, 4 weeks; stock data are for end of period covered.
5 059
4 957
' 278
2 406
2 274
102
SURVEY OF CURRENT BUSINESS
line 1951
nless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-39
1951
1950
April
May
June
July
August
September
October
November
December
January
February
March
April
TEXTILE PRODUCTS—Continued
COTTON— Continued
otton (exclusive of linters) — Continued
Exports
bales
Imports
do_
Prices received by farmers
cents per Ib
Prices, wholesale, middling, l5/iQff, average, 10
markets
cents per Ib
otton linters :1
Consumption
thous. of bales
Production
do
Stocks end of month
__ _ _ d o _ _
470, 653
8,456
28.7
539, 105
2,513
29.2
740, 533
1,490
29.9
264, 982
2,332
33.1
355, 975
4,730
37.0
372, 381
22, 732
40.0
283, 816
11,889
38.9
371, 870
9,118
41.1
448, 561
6,407
40.4
316,626
2,342
41.3
32.5
32.9
33.8
37.1
38.1
40.7
39.8
42.2
42.6
44.2
132
107
'579
134
78
546
138
58
610
112
49
436
149
68
340
124
132
337
129
207
409
118
189
461
110
145
518
116
151
542
52, 840
4, 952
51, 428
5,042
2,401
52, 322
4, 596
35, 935
1, 905
45, 633
2,918
2,398
50, 973
2,570
50, 162
2,796
45, 715
4,608
2,639
53, 549
3, 593
57. 472
' 4, 948
57, 643
10, 223
79, 574
7,486
33.10
30.3
14.0
17.2
31. 74
30.3
14.2
17.2
31.66
31.8
15. 1
17.2
35. 96
32.6
17.5
18.5
43. 58
34.5
19.8
21.8
48.69
36.0
22.4
23.8
49. 36
36.4
21.5
24.5
48.39
37.8
21.9
24.8
50.21
38.3
22.5
25.0
50.12
38.3
22.9
25.0
0)
38.3
23.0
25.0
49. 80
0)
23.0
25.0
45. 60
.620
.799
.602
.778
.605
.786
.671
.840
.776
.925
.833
1.007
.851
1.072
.877
1.147
.887
1.166
.917
1.172
.921
1.176
.921
1.176
.921
1.176
21, 301
20, 048
9,299
473
8, 764
127.8
21, 458
20, 229
9,467
473
8, 935
128.1
21, 474
20, 221
11, 076
452
10, 435
123.0
21, 794
20, 525
7, 754
408
7,284
110.9
21 , 845
20, 540
10, 333
517
9,711
140.2
21, 945
20, 609
12, 638
516
11,860
139. 7
22, 149
20. 758
10, 713
542
10,041
146.9
22, 153
20, 751
12,979
530
12, 171
143.2
22, 084
20, 730
9,942
523
9, 376
141.3
22, 292
20, 900
13, 273
542
12,459
145.9
22, 221
20, 885
11, 069
563
10, 394
152.0
22, 246
20, 957
1 1 , 083
554
10, 436
149.7
21, 134
19, 903
12, 447
505
11, 699
136.4
70.2
23.3
76.8
25.5
78.0
24.5
79.7
25.8
85.1
27.6
79.0
25.5
82.5
25.4
80.5
25.6
86.9
29.4
79.0
25.7
75.0
25.0
r
85. 9
'27.0
82.2
26.9
14.2
4.4
5,171
15.6
5.5
8,076
14.4
5.9
7,323
13.1
4.6
6, 653
10.5
3.9
7,463
10.0
2.8
8,960
10.5
3.7
12, 457
11.2
3.5
12, 958
6.1
2.0
11, 845
10.3
3.8
12, 075
10.5
3.8
8,581
'8.4
4.0
7,373
9.1
3.7
.710
.350
.710
.350
.710
.350
.732
.355
.740
.370
.755
.370
.760
.370
.760
.370
.770
.400
.780
.400
.780
.400
.780
.400
.780
.400
669
705
744
1,033
902
1,307
1,500
1, 152
727
2.65
2.68
2.68
3.05
3.42
3.40
3.51
3.72
4.11
31, 108
16, 652
56, 964
32, 468
16, 204
54, 879
39, 765
18, 445
55, 249
28, 816
9,608
68, 773
38, 948
15, 768
74, 833
44, 390
18, 360
56, 832
38, 004
16, 704
49, 254
38, 695
18, 380
51, 584
28, 896
14, 364
42, 994
1.629
.564
1.698
.620
1.760
.678
1.800
.702
2. 045
.778
2.481
.892
2.469
.909
2. 540
.973
3 2. 650
r
428, 599
93, 800
41.8
354, 302
3,114
42.7
43.2
45. 1
45.2
125
111
52
468
0
110
105
542
r 77
r
5!7
COTTON MANUFACTURES
'otton cloth:
Cotton broad-woven goods over 1 2 inches in width ,
production, quarter! v
mil. of linear yards
Exports
thous. of sq. y d _ _
Imports
do^
Prices, wholesale:
Mill margins}:
cents per Ib
Denims, 28-inch
. cents per y d _
Print cloth, 38^-inch, 64 x 60
do
Sheeting, unbleached, 36-inch, 56 x 60 do
'otton yarn, Southern, prices, wholesale, mill:
22/1 carded white, cones
dol. per Ib
40/1, twisted, carded, skeins
do
pindle activity (cotton system spindles) :1
Active spindles, last working day, total.. .thous. _
Consuming 100 percent cotton.".
do
Spindle hours operated, all fibers, total-mil. of hr_
Average per working davcf
do_ _
Consuming 100 percent cotton
do
Operations as percent of capacity
_ __ _ _-
20.6
25.0
tAYON AND MANUFACTURES AND SILK
layon yarn and staple fiber:
Consumption:
Filament varn
mil. of Ib
Staple
fiber
do
Stocks, producers', end of month:
Filament varn
_ do_
Staple fiber__ _
__
__ __ do. _..
Imports
thous. of lb_
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol. per Ib
Staple fiber, viscose, 1^ denier
do
layon broad-woven goods, production, quarterly
thous. of linear yards
Silk, raw:
Imports
thous. of Ib
Price, wholesale, Japan, white, 13/15 (N. Y.)
dol. per Ib.
WOOL
Consumption (scoured basis) :§
Apparel class
._
_ _ thous. of Ib
Carpet class
do
"m ports
_
do
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured. _ dol. per Ib
Raw, bright fleece, 56s, greasy
~ . _do-._
Australian, 64s, 70s, good topmaking, scoured, in
bond
- dol. per Ib _
569, 460
551, 842
1.600
1.715
1.775
1.775
1. 965
2.725
600, 952
3 2. 515
3 2. 560
3 1. 131
3 2. 600
628
748
2
r
40, 255
16, 590
73, 139
3
3
2
5.35
3. 340
1. 420
3 3. 240
' 29, 656
13, 248
50, 179
r
T
3 3. 600
1. 535
3
3
576
5. 62
3. 450
2
5. 62
27, 944
12,716
66, 761
3
3. 750
1.564
2
3. 338
1.325
3 3. 600
2
3. 275
WOOL MANUFACTURES
Machinery activity (weekly average) :§
Looms:
Woolen and worsted:
105
102
145
86
119
106
133
136
70
86
87
Pile and Jacquard
thous. of active hours. _
153
T
2, 346
1, 984
2, 391
2, 502
2,272
2,214
2,346
1, 933
2,188
2,136
2,275
Broad
do
1, 856
18
22
13
30
25
17
27
15
20
26
Narrow
__
_ _ __
do.
28
23
Carpet and rug:
160
172
164
159
172
162
177
163
101
160
170
Broad
do
168
81
92
86
83
82
85
51
85
76
87
85
Narrow
_
__
_ do
88
Spinning spindles:
96, 134
87, 513
85, 662
91,915
78, 103
79, 582
85,011
74, 410
76, 483 4 78, 464 r ' 76, 973 73, 745
Wooden
do
4
4
115,302
115, 284
110, 948
101,863
102, 418
95, 260
85, 975
120,695
102, 780
100, 746
108, 779
Worsted
__
_ _
_ _
do
90, 278
233
191
227
191
164
187
233
176
194
167
186
Worsted combs
do
139
Wool yarn:
4
81,815
69, 848
69, 736
51, 064
63, 320
77, 555
76. 480
59, 664
77, 785 r 4 60, 268
60, 516
Production, total§
__ thous. of Ib .
58, 188
8, 384
9, 585
7,832
5, 964
6,784
8, 725
8,105
6, 084
6, 696
6,468
8, 300
6, 500
Knitting§
do
r
44, 796
40,012
52, 970
44, 180
36, 832
48. 075
34, 860
49, 380
36, 228
37, 480
48, 440
34, 832
Weaving!
__
do
4
4
19, 260
17,724
20, 300
16,668
16, 524
19, 450
21, 045
17, 216
16, 100
17, 344
10, 240
Carpet and other§
do
16, 856
Price, wholesale, worsted yarn (Bradford
2.975
2.975
2.975
2.975
3.665
4.125
4.175
4.175
4. 754
2.975
weaving system) 2/32s
dol. perlb__
T
l
2 Substitu ted series. Data bep inning Jan uary 1951 r epresentin ? a compos te wholesa .e price for raw silk, Ja >an, white, 30-22 denier, 87 perRevised.
No quotation, markets closed.
3 XT^
4
;r»
s
cent, AA grade tested; December 1950 quotation, $4.50.
Nominal price.
Includes operations on the American system, not requested on reporting schedules prior to 1951, as'follows
(average lor the first 3 months of 1951): Looms, 7,289,000 active hours; yarns spun, 1,498,000 pounds.
^Data for June, September, November 1950 and January and April 1951 cover 5-week periods arid for other months, 4 weeks; stock data and number of active spindles are for end of period
covered.
Scattered monthly revisions beginning 1944 (to incorporate new quotations for two constructions previously included at OP A ceiling prices) are available upon request.
cP Substituted series. See note marked "c?1" at bottom of p. S-39 of the July 1950 SURVEY.
§ Data for June, September, November 1950 and January 1951 cover 5-week periods; other months, 4 weeks.
SUKVEY OF CUEEENT BUSINESS
S-40
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
June 1951
1951
1950
May
April
July
June
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
Men's and boys'
do
Women's and children's
do
Unclassified
do
Blanketing
do
Other nonapparrl 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
115, 875
*96 743
2
1. 269
a 92, 849
41, 093
47 294
4,462
6,282
12, 850
111, 647
92,890
1,843
91, 047
45, 709
40, 079
5,259
6, 555
12, 202
102, 320
85 608
2
9, 517
2
75, 923
38, 016
34,080
168
6 231
10, 481
' 122, 520
101, 140
' 2 4, 418
r2
rl
r
T
1
92, 183
43, 397
45 336
4, 539
6 664
r
14, 716
r
r
2.970
2.970
3.094
3.255
3.440
4.084
4.306
4.306
4.306
4.306
2.475
2.475
2.475
2.524
2.624
2.772
2.846
2.846
2.846
2.846
3.514
3.514
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft, shipmentsd"
Exports \
number _
do
329
56
377
68
369
47
321
94
354
48
301
84
204
40
242
54
305
85
255
114
239
60
273
78
559, 311
696, 893
856, 615
706, 702
818, 123
760, 566
603, 567
640, 925
606, 833
618, 321
755, 022
651, 169
635, 544
108, 844
97, 116
504, 445
490, 855
98, 538
80, 832
521, 371
507, 120
118, 890
103, 522
478,
459,
127,
109,
505, 865
481, 239
111, 935
94, 853
588, 435
136, 794
118,270
MOTOR VEHICLES
Factory sales, total
Coaches, total
Domestic _
_ __ .
Passenger cars, total
Domestic
Trucks, total
Domestic
number
do
.__ do
do
do
do
do
_.
268
234
412
323
455, 193
446, 524
103, 850
93, 294
575, 518
563, 119
120, 963
108, 997
720,
702.
135,
120,
688
935
329
233
595, 067
581, 069
111, 238
98,603
682, 782
669, 550
134, 884
121, 303
722.842
423
345
616, 827
602, 423
105, 592
93, 378
598
349
397
291
457
374
553
502
584
507
664
601
661
631
589
567
583
262
521
483
r
r
r
829
792
617,399
639, 313
819
764
503, 079
475, 358
135, 415
117, 519
Exports totalj
Passenger cars
Trucks t
do
do
do
17, 257
6,758
10, 499
20, 387
8,631
11, 756
25, 150
12, 979
12, 171
24, 807
12, 775
12, 032
24, 927
11, 286
13, 641
22, 724
10, 906
11, 818
23, 070
12, 399
10, 671
27, 546
13, 826
13, 720
23, 976
11,481
12, 495
28, 589
12, 439
16, 150
Truck trailers, production, total
Complete trailers
Vans
_ .
All other
Chassis shipped as such
_
Registrations:
New passenger cars
__ .
New commercial cars
_
do
do
do
do
do
4,385
4,192
2, 528
1,664
193
4,867
4, 650
2,782
1,868
217
5, 532
5,337
3,203
2,134
195
3 5, 798
3 5, 605
3 3, 316
3 2, 289
3193
3 6, 614
3
6, 435
3 3, 735
3 2, 700
3179
3 6, 770
3 6, 533
3 3, 944
3 2, 589
3237
3
6, 741
3 6, 504
3 3, 969
3 2, 535
3237
3 6, 366
3 6, 124
3 3, 937
3 2, 187
3242
3 6, 257
3
6, 077
3 4, 106
3
1, 971
3180
3 6, 483
3 6, 265
3 3, 952
3 2, 313
3218
3 6, 032
3 5, 829
3 3, 669
3 2, 160
3203
_
do
do
471, 215
92, 241
488, 363
90, 786
583, 937
91,512
609, 926
117, 040
683, 995
126, 533
625, 755
113, 750
580, 373
101, 169
444, 193
84, 142
552, 259
89, 273
472, 766
88, 058
430, 797
78, 581
512, 599
86,287
983
235
223
2,193
1,211
1,211
113
113'
3,474
2,148
2,148
1,326
94
93
93
1
5,203
2,787
2,787
2,416
104
102
102
2
5,131
2,395
2,395
2,736
70
63
63
7
5,501
2,444
2,444
3,057
71
71
71
0
5,791
3,352
3,352
2,439
58
58
58
0
5,701
3,966
3,965
1,735
54
54
54
0
5,949
4,405
4,405
1,544
26
26
21
0
5,842
4,514
4,514
1.328
82
82
4,074
3,365
3,165
709
106
106
106*
0
0
7,011
4,966
4,966
2,045
19
7
7
12
8,274
5,781
5,781
2,493
29
17
8
12
35, 580
19, 382
16, 198
41, 646
22, 493
19, 153
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number..
E quipment 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
thousands
Undergoing or awaiting classified repairs
thousands __
Percent of total ownership O Orders, unfilled
number. .
Equipment manufacturers _
do
Railroad shops _ _ _ _ _
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number-Percent of total on line
Orders, unfilled:
Steam locomotives, total
number
E quipment manufacturers
do
Railroad shops
do
Other locomotives, total
do
Equipment manufacturers
do
Railroad shops
_ __
do
E xports of 1 ocomoti ves, total
Steam
Other
_
INDUSTRIAL
Shipments, total
Domestic
Export
._
do _
do
do
748
82
0
982
113
0
19
19
12
1,733
1,728
1,724
1,722
1,719
1,719
1,717
1,717
1,718
1,719
1,721
1,722
1,727
127
4
7. 4
30. 170
13, 766
16, 404
128
7.4
40, 405
24, 338
16, 067
118
6.9
39, 360
21, 936
17, 424
123
7.1
62, 124
37, 342
24, 782
108
6.3
76, 582
48, 220
28, 362
102
5.9
94, 557
63, 485
31, 072
98
5.7
107, 994
76, 279
31, 715
93
5.4
110, 781
79, 493
31, 288
89
5.2
109, 174
78, 137
31, 037
86
5.0
126, 438
91,431
35, 007
84
4.9
135, 936
96, 658
39, 278
82
4.8
137,349
98, 625
38, 724
87
5.0
138, 319
94, 837
43, 482
3,308
12.1
3,217
11.9
3,086
11.7
3,166
12.1
3,239
12.4
3,218
12.4
3,135
12.3
3,111
12.2
3,114
12.3
3,257
13.0
3,283
13.1
3,317
13.3
3,290
13.3
10
0
10
9
0
9
23
0
23
977
22
0
22
21
0
21
20
0
20
19
0
19
17
0
17
16
0
16
21
0
21
21
0
21
20
18
0
18
1,737
1,737
o
20
0
977
0
1,110
1,110
0
1,367
1,367
0
1,419
1,419
0
1,504
1,504
0
1,640
1,640
0
1,628
1,628
0
1,620
1,620
0
1.631
1,631
0
1,863
1,863
54
0
54
81
3
78
48
5
43
69
10
59
53
8
45
61
8
53
56
0
56
32
1
31
47
4
43
37
4
33
27
1
26
34
204
172
203
183
268
238
199
177
237
216
263
234
290
255
242
218
291
271
440
393
461
398
595
519
76
1,101
1,101
0
1,000
1,000
o
o
o
34
ELECTRIC TRUCKS AND
TRACTORS
number. _
do
do
32
20
30
22
21
29
35
24
20
47
63
397
354
43 4
10 1,
r
Revised.
i Includes yardage, containing from 25 to 50 percent wool, not distributed between government and nongovernment orders as follows (thousands of linear yards): 1950, third quarter,
2
3
2,625; fourth quarter, 3,450; 1951,4 first quarter, 3,827.
Not comparable with data through first half of 1950; see note 1.
Beginning July 1950, the industry coverage has been increased
by approximately 6 percent.
See note marked Oc? Publication of data for military shipments and the total, formerly shown here, has been discontinued by the Civil Aeronautics Administration.
{Excludes "special category" exports not shown separately for security reasons.
§Not including railroad-owned private refrigerator cars.
OData represent freight cars awaiting repairs as a percent of total ownership (revised figures on the new basis for May-October 1949 were published beginning in the July 1950 SURVEY);
figures shown through April 1949 represent freight cars awaiting repairs as a percent of total on line.
U. S. G O V E R N M E N T P R I N T I N G O F F I C E : 1951
-INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)_
38
24
Acids
Advertising,
7,8
2
Agricultural income and marketings
Agricultural wages, loans
15
Aircraft
11,12,14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
2, 27
Aluminum
33
Animal fats, greases
25
Anthracite
2,5, 11, 13,14, 15,34
Apparel, wearing
4, 5, 8, 9, 11, 12,14, 15, 38
Armed forces
10
Asphalt and asphalt products
36
Automobiles
2, 3, 7, 8, 9,11,12,13,14, 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, 8, 27
Bituminous coal
2,5, 11,13,14,15,34,35
Boilers
33,34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass
33
Brick
5,38
Brokers' loans
16,19
Building construction (see Construction).
Building contracts awarded
6
Building costs
7
Building materials, prices, retail trade
5, 7,8,9
Business, orders, sales, inventories
3,4
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, 4, 5,12, 14, 15,18, 21, 24
Cigars and cigarettes
30
Civil-service employees
12
Clay products (see also Stone, clay, etc.)
2.38
Clothing
5, 6, 8, 9, 11, 12, 14, 15, 38
Coal___
2, 5, 11, 13, 14, 15, 34,35
Cocoa
29
Coffee___ _ _ _
22,29
Coke
2,35
Commercial and industrial failures
4
Construction:
6
Contracts awarded
7
Costs
Dwelling units started
7
Employment, wage rates, earnings, hours __
11,
12,13,14,15
6,12
Highway
New construction, dollar value
6
16
Consumer credit
1,8
Consumer expenditures
Consumers' price index
5
Copper
21,33
Copra and coconut oil
25
Cora
19,28
Cost-of-living index (see Consumers' price
index)
5
Cotton, raw, and manufactures
2, 5, 6, 21, 38, 39
Cottonseed, cake and meal, oil
25
Crops
2, 5, 25, 27, 28,30,38
Currency in circulation
18
Dairy products
Debits, bank
Debt, short-term, consumer
Debt. United States Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments and rates
Drug-store sales
Dwelling units started
2, 5, 14, 27
15
16
17
9, 10, 16
15,16,18
13
27
1,18, 20
8,9
7
Earnings, weekly and hourly
13,14,15
Eggs and poultry
2, 5, 29
Electric power, production, sales, revenues, __
26
Electrical equipment
3,4, 7,34
Employment estimates
10,11,12
Employment indexes
12
Employment security operations
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
25
Exports (see also individual commodities)
21
Express operations
22
Factory employment, payrolls, hours, wages . _ _
Federal Reserve Bank of St. Louis
11,
12,13,14,15
Failures, industrial and commercial
Farm income and marketings
Farm products, and farm prices
Farm wages
Fats and oils
Federal Government,
finance
Federal Reserve banks, condition of
Federal Reserve reporting member banks
Fertilizers
Fiber products
http://fraser.stlouisfed.org/
Fire losses
4
2
2, 5
15
5,25,26
16,17
15,16
15,16
5, 24
34
7
Pages marked S
Fish oils andfish__________________________25,29
Flaxseed _________________________________ 25
Flooring_________________________________31,32
Flour, wheat _____________________________ 28
Food products ____________________________ 2,
3,4, 5, 7, 8, 9, 11, 12, 14, 27, 28, 29, 30
Footwear __________________ 2, 5,8,9, 12, 14, 15,31
Foreclosures, real estate ____________________ 7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups______________________21,22
Foundry equipment _______________________ 34
Freight carloadings, cars, indexes____________22, 23
Freight cars (equipment) ___________________ 40
Freight-car surplus and shortage ____________ 23
Fruits and vegetables __________________ 2, 5, 21, 27
Fuel equipment and heating apparatus_______33,34
Fuel oil __________________________________ 35
Fuels_ _ _ _.
_ _ _ _ __ _ _ _2,5,35
Furs _____________________________________ 22
Furnaces _________________________________ 34
Furniture___________________2,5,8,9,11,12,13,14
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 ______________________________ 5, 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 __________________________________ 6, 38
Hotels __________________________ 11, 13, 14, 15, 23
Hours of work per week ____________________ 12, 13
Housefurnishings ________________________ 5, 8, 9
Housing _______________________________ 5, 6, 7, 8
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 _________ 10
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, 6, 11, 12, 13, 14, 21, 32, 33
Jewelry, sales, inventories, sale credit _______ 8, 9, 16
Kerosene
35
Labor disputes, turn-over __________________ 13
Labor force _______________________________ 10
Lamb and mutton _________________________ 29
Lard
_ _ _
_______________________
29
Lead ____________________________________ 33
Leather and products ________ 2, 3, 4, 5, 12, 14, 30, 31
Linseed oil, ____________ ______________________ 25
Livestock _______________________________ 2, 5, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit) _______ 7, 15, 16, 17, 19
Locomotives ________ ______________________ 40
Looms, woolen, activity ____________________ 39
Lubricants _______________________________ 35
Lumber __________________ 2, 5, 11, 12, 13, 14, 31, 32
Machine activity, cotton, wool ______________ 39
Machine tools ____________________________ 34
Machinery __________ 2, 3, 4, 11, 12, 13, 14, 18, 21, 34
Magazine advertising ______________________ 8
Mail-order houses, sales ____________________ 10
Manufacturers' sales, inventories, orders _____ 3,4
Manufacturing production indexes____. ______ 2,3
Meats and meat packing _________ 2, 5, 11, 12, 14, 29
Metals _________ 2,3,4,6, 11, 12,13,14,15,18,32,33
Methanol ________________________________ 24
Milk ____________________________________ 27
Minerals __________________________ 2,3, 13, 14, 15
Money supply
---------------------------18
Mortgage loans _________________________ 7, 15, 16
Motor fuel____________________- __________ 36
Motor vehicles_________________________3,8,9,40
Motors, electrical __________________________ 34
National income and product _______________ 1
Newspaper advertising _____________________ 8
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 and unfilled, manufacturers' _____ 4
Paint and paint materials ___ _______________ 5, 26
Paper and pulp_____________2,3,6, 11, 12, 14,36,37
Paper products_____________________2,3,4,36,37
Passports issued __________________________ 23
Payrolls, indexes ___________________________ 12
Personal consumption expenditures
---------8
Personal income _____________ _
-----------1
Personal saving and disposable income ------- 1
Petroleum and products ____________________ 2,
3, 4, 5, 11, 12, 13, 14, 15, 21, 22, 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, 5, 29
Prices (see also individual commodities):
Consumers' price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
5,6
Printing
2,3,4, 11, 12,15,37
Profits, corporation
18
Public utilities
1, 5, 11, 13, 14, 15, 17, 18, 19, 20
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
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, 6, 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, asphalt36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
22,37
Rubber industry, production index, sales, inventories, employment, payrolls, hours,
earnings
2,3,4,12,14,15
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
18.19
Service industries
8, 11
Sewer pipe, clay
38
Sheep and lambs
29
Shipbuilding
11, 12, 13, 14
Shoes
2, 5,8, 9, 12, 14, 15,31
Shortenings
26
Silk, imports, prices
6, 22, 39
Silver
18
Skins
5,22,30
Slaughtering and meat packing
2,
11,12,14,29
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,
3, 11,12. 13,14,38
Stoves
34
Street railways and buses
13,14,15,22
Sugar
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
,
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 19, 20, 23
Textiles
2,3,4,6, 11, 12, 14, 15,21,38,39,40
Tile
38
Tin
22,33
Tires and inner tubes
6, 12, 14, 15, 37
Tobacco
2,3,4, 5, 7,8, 11, 12, 14, 15,30
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, 11, 13, 14, 15, 17, 18, 19, 20
Vacuum cleaners
34
Variety stores
9
Vegetable oils
25,26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
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
5,6
10
36
2, 6, 22, 39, 40
33
Price 55 cents
Available from the
Superintendent of Documents,
Government Printing Office,
Washington 25, D. C., or
the nearest Department of
Commerce Field Office.
ZJne balance of international f-^aymenh of the l/initea ^tate&, 1 946-48
The position of the United States in fhe world economy since World War II is here revealed within the
framework of the balance of international payments. As the official economic record of our international
transactions this basic volume points up the problems which arose from unsettled conditions in international
economic relations and the attempts made during that period to find a solution for them.
Here is the comprehensive record of what the United
States has contributed to and received from other countries
during three crucial years of the postwar era. Coverage includes current account transactions . . . the exchange of
goods and services . . . merchandise trade . . . transportation . . . foreign travel . . . Government and private
services . . . income on investments . . . private and
Government aid . . . private loans and investments . . .
liquidation of foreign capital and gold . . . international
investment position of the United States . . . the transactions broken down by major foreign areas.
Illustrated with charts and containing summary statistical
tables, this publication is a valuable source of information
for all who wish to know of the size and scope of United
States international aid and related programs designed for
the improvement of world economic conditions.
As part of the continuing series of publications on the
international transactions of the United States this bulletin
together with International Transactions of the United States
During the War, 1940-45 (price 60 cents) and The United
States in the World Economy (reprint price 55 cents)
presents the historical record of United States participation
in world trade since the First World War.
UNITED STATES DEPARTMENT OF COMMERCE • OFFICE OF BUSINESS ECONOMICS
@FedFRASER