Full text of Survey of Current Business : June 1953
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JUNE
U* S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1953
SURVEY
OF C U R R E N T
BUSINESS
Albuquerque, N. Mex.
204 S. 10th St.
Memphis 3, Tenn.
229 Federal Bid*.
Atlanta 3, Ga.
86 Forsyth St. NW.
Miami 32, Fla.
*fi N'ff
do
JA«ii. Fira*
.rirst Q*
ot.
Baltimore 2, Md.
200 E. Lexington St.
Milwaukee 2, Wis.
207 E. Michigan St.
Boston 9, Mass.
40 Broad St.
Minneapolis 2. Minn.
607 Marquette Ave.
Buffalo 3, N. Y.
117 Ellicott St,
Mobile 10, Ala.
109-13 St. Joseph St.
Butte, Mont.
306 Federal Bldg.
New Orleans 12, La.
333 St. Charles Ave.
PAGE
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
New York 13. N. Y.
346 Broadway
1
Cheyenne, Wyo.
308 Federal Office Bldg.
Oklahoma City 2, Okla.
114 N. Broadway
Chicago 1, 111.
221 N. LaSalle St.
Omaha, Nebr.
105 Federal Office
Building
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Vol.33 (§f
1 *• 1
1 I
3E >& No. 6
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J U N E 1953
\J*TES£^
S3
t
L
L
v^o/i tax
t$
THE BUSINESS SITUATION
Capital Goods Demand
Higher in Third Quarter
Foreign Dollar Position
Improved During First Quarter
.
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
2
Cincinnati 2, Ohio
105 W. Fourth St,
4
* **
Cleveland 14 Oh'
925 Euclid AT*.
Dallas 2, Tex.
1114 Commerce St«
SPECIAL ARTICLES
One Billion Travel Dollars Go Abroad . . . . 9
Producers' Equipment —
Growth, Replacement, and Stock . . . . 12
Rental Income and Outlay
in the United States, 1929-52
17
Denver 2, Colo.
142 New Custom House
Detroit 26, Mich.
1214GriswoldSt.
El Paso, Tex.
Chamber of Commerce
Bldg.
Hartford 1, Conn.
135 High S3)
Philadelphia 7, Pa.
1015 Chestnut St.
Phoenix, Aric.
311 N. Central Ave.
Pittsburgh 22, Pa.
717 Liberty Ave.
Portland 4, Oreg.
520 SW. Morrison St.
Providence 3, R. I.
327 Post Office Annex
Reno, Nov.
1479 Wells Ave.
tiicnmono., va.
400 East Main St.
* **
Houston, Tex.
430 Lamar St.
St. Louis 1. Mo.
1114 Market St,
MONTHLY BUSINESS STATISTICS . . S-l to S-40
Jacksonville 1, Fla.
311 W. Monroe Sts
Salt Lake City 1, Utah
109 W. Second St., So.
Kansas City 6, Mo.
903 McGee St.
San Francisco 2, Calif.
870 Market St.
Los Angeles 15, Calif.
112 West 9th St.
Savannah, Ga.
125-29 Bull St.
Louisville 2, Ky.
631 Federal Bldg
Seattle 4t Wash.
123 U. S. Court House
Statistical Index
Inside Back Cover
Pw&KsfteeJ by the U. S. Department of Commerce, S I N C L A I R W E E K S ,
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'
JUNE 1953
uauon,
By the Office of Business Economics
J3USINESS activity has advanced over the first quarter
rate with most 7major segments recording moderate increases.
Manufacturers shipments have risen substantially, resulting
in a limited reduction in order backlogs. Consumers' incomes
are up and the increased purchasing power is flowing through
trade channels.
Total output has been above that of the first quarter,
with inventories showing a slight rise. Recent changes in
employment have been largely of a seasonal nature, with
civilian employment at 61.7 million in May reflecting
continued high utilization of the labor force. Unemployment has continued at the low point which has characterized
the labor market for some time.
An important basic influence is the continued strength in
business capital investment. The most recent survey
results, charted on this page, show that the stepping-up in
expenditures by both manufacturing and other industries
has extended the advance in aggregate long term capital
investment. On the whole, investment in the second quarter
and plans for the third quarter of 1953 are now somewhat
higher than earlier anticipations. This has meant continuing
high sales for suppliers of capital equipment.
Investment in residential building remains above a year
ago, with nonfarm housing starts in the first 4 months of
the year at a seasonally adjusted annual rate of 1.2 million.
Federal Government expenditures for military equipment
have reflected the rising trend of output of finished munitions.
Plant and Equipment
Higher outlays scheduled for third quarter
INDEX, 1st HALF 1950 = 100
200
175 -
150
125 TRA NSPOR TA TION, COMMUNI CATION, AND PUBLIC UTILITIES
100
1950
1951
!953
1952
SEASONALLY ADJUSTED
MANUFACTURING schedules show mixed trends
-30
PERCENT CHANGE, 9 MOS. 1952 TO 9 MOS. 1953
-20
-10
0
-HO
+20
1
I
+30
ALL MANUFACTURING
MACHINERY, EXCEPT ELECT.
CHEMICALS
PAPER
ELECTRICAL MACHINERY
FABRICATED METALS
PETROLEUM
MOTOR VEHICLES
OTHER MANUFACTURING
PRIMARY IRON 8 STEEL
PRIMARY NONFERROUS METALS
FOOD
STONE, CLAY a GLASS
TEXTILES
I
I
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
254680°—53-
I
3-97
Consumer income and buying
The flow of personal income has been sustained by the
continued rise in urban areas which has offset a decline in
agricultural income resulting from lower prices. The flow
of agricultural products into domestic trade remains at a
peak but, as pointed out in the review of foreign trade in
a following section, the flow abroad has been considerably
reduced. The sustained advance in wage and salary payments since the summer of 1952 has continued, though the
rate of increase has narrowed in recent months.
Since consumers prices have been quite stable for the
past year, the large increase in money incomes over a year
ago has meant a corresponding increase in real purchasing
power.
Consumer spending has advanced in the same proportion
as income, maintaining a ratio of spending to income after
taxes of approximately 92 percent. The rise in buying has
been most substantial in consumers7 durables where it reflects
the strong upsurge in automobile production and sales.
Passenger car production in the first half of the year is expected to exceed 3 million. Registrations of new private
passenger cars were about a half million both in March and
in April, and reports for May indicate another month of
1
SURVEY OF CURRENT BUSINESS
large sales. Consumers* expenditures for automobiles are
running one-third higher than in the first half of 1952.
With more liberal instalment terms, much of the increase
in auto buying has been in credit purchases. The twin factors of rising sales and more liberal instalment terms have
resulted in a rise in auto instalment credit outstanding of $3
billion in the past year. Recent changes have been an extension of the trends analyzed in detail in the April issue of
the SURVEY, where it was pointed out that the rapid expansion of durable goods production would mean a further rise
in consumer debt since nearly 2 out of 3 new cars are being
sold on instalment contracts.
Steel production continues around maximum rates which
means gradually expanding output as new facilities continue
to come into production. The automobile industry has
taken nearly one-fifth of finished steel shipments so far in
1953, in comparison with one-sixth of a smaller tonnage in
the corresponding months of 1952. Though the demand of
almost all lines of civilian users is high and defense requirements are large, the automobile demand for steel has shown
the largest expansion in the past year. But high demand
generally has been responsible for the maintenance of
capacity operations of the steel industry.
June 1953
Retail sales of durables other than automobiles have been
running slightly higher in 1953 than a year earlier. Production of these items has been substantially more than in
1952, however, and there has been some stock accumulation
both in manufacturers' and in retailers' hands. Output of
radio and television and home laundry equipment has been
curtailed more than seasonally since the beginning of the
year. Production of major appliances which have a peak
demand during the summer months—refrigerators, freezers,
and air conditioners—have shown a more-1 ban-seasonal
upswing in recent months.
Consumer demand for nondurable goods has remained firm.
Apparel store sales recently have held at the rate of the first
quarter, and are slightly higher than a year earlier. Meanwhile, prices have edged downward.
The demand for food also has been strong. Increased
supplies, especially of beef, since the fall of 1952 have
brought some decline in food prices and an increase in the
volume of food purchases. The value of food store sales in
recent months has been stable near the high point reached in
October 1952 before any appreciable easing in food prices
had developed. Retail food prices in April were down 5
percent from the peak reached in August of 1952.
Capital Goods Demand Higher in Third Quarter
CURRENT plant and equipment programs indicate a
rising demand for new productive facilities through the
third quarter of this year. Business is planning capital
spending in that quarter at a seasonally adjusted annual
rate of $28.7 billion, compared with $27.2 billion and $28.4
billion, respectively, in the first and second quarters.
According to reports submitted in May in the latest Office
of Business Economics-Securities and Exchange Commission
survey, all major industry groups except the railroads expect
moderately higher rates of fixed capital outlays in the third
quarter than during the first 6 months of the year.
1953 investment higher
Realization of current programs would make unlikely a
decline in fixed capital investment from the first to second
half, and would probably result in a full year 1953 total
exceeding 1952 by more than the 2-percent increase reported
three months ago by business. (The prospects earlier were
reviewed in detail in the April SURVEY.) Planned spending
of somewhat over $7 billion each in the second and third
quarters would bring outlays during the first 9 months to
$20.5 billions, or 7 percent above the corresponding period
of 1952.
The industries that will most probably exceed their earlier
programs for 1953 are manufacturing (particularly chemicals,
machinery and fabricated metals) and the public utilities.
The major factor in the apparent upward adjustment in
planned capital outlays during the final half of 1953 is
probably the elimination of some of the systematic tendency
toward understatement in more distant projection. Other
factors may be the continued high rate of economic activity
and the steady flow of new certificates for accelerated tax
amortization.
It may also be noted that the actual first quarter expendi-
tures were lower than anticipated—a typical reduction
stemming from inadequate allowance in anticipatory data
for the usual winter construction slowdown. Preliminary
second quarter estimates, on the other hand, are somewhat
higher than previously reported.
Manufacturing investment up
Manufacturers have scheduled capital spending at
seasonally adjusted annual rates of $13 billion in both the
second and third quarters, as compared to $12.5 billion in
the first quarter (see table 1). These programs for the first
nine months of this year are about 7 percent above actual
outlays in the corresponding period of 1952—with the nondurable-goods group up about 10 percent and the durablegoods industries 4 percent higher. It should be noted that
this nine-month comparison may somewhat overstate the
probable year-to-year increase due to the relatively low
outlays in the strike-affected third quarter of 1952.
Within the nondurable-goods group, larger than average
increases from last year are found in chemicals, beverages,
petroleum and paper. Planned spending by food and rubber
companies in the first three quarters of this year are moderately below last year's rates, while only textile companies
among the major groups are anticipating significantly lower
outlays.
Among durable goods, appreciable cutbacks from last
year's rates of fixed investment are scheduled by nonautomotive transportation equipment, and stone, clay and glass
companies. Considerable expansion from 1952, on the
other hand, is planned by both the electrical and other
machinery industries and the fabricated metals group.
The primary metals industries—both steel and nonferrous—
and motor vehicle companies are anticipating maintenance
of last year's record rates.
SURVEY OF CURRENT BUSINESS
June 1053
After seasonal adjustment, nondurable-goods manufacturers—bolstered by the programs of petroleum, chemicals
and paper companies—were also showing somewhat stronger
trends during 1953 than were heavy goods producers.
Expected third quarter fixed investment by the latter group
was unchanged from second quarter rates, with an easing
of scheduled spending by primary metals companies.
Utilities schedule further expansion
The major area of strength in investment demand in the
nonmanufacturing sector is in the programs of electric utilities and gas companies. Third quarter spending plans by
public utilities amount to $4.8 billion (at seasonally adjusted
annual rates) compared with slightly over $4.0 billion at the
start of the year. Programs for these companies in the first
nine months of this year call for capital outlays almost onefourth above the corresponding period of last year.
The electric power industry, according to reports to the
Edison Electric Institute, has programed during 1953 an addition of over 11 million kilowatts to the 81 million kilowatts
of generating capability in place at the beginning of the year.
Earlier plans for an even greater expansion this year were
affected by material shortages. While the materials supply
situation is improving, there is still some question as to
whether the 1953 goal will be met. Programed capacity
installations in the 1954-56 period average annually about the
same as those planned for 1953.
Trends in other industries
Capital improvement expenditures anticipated by the railroads in the first three quarters of 1953 are slightly higher
than in the same period of 1952—although some slackening
in outlays is expected during the third quarter. While
planned expenditures on roads are quite strong, equipment
additions are showing lagging tendencies. Comparing the
two 9-month periods of 1952 and 1953, the railroads expect
a 12-percent rise in road outlays and a 4-percent decline in
equipment expenditures. Unfilled orders for freight cars
and locomotives are continuing the downward trend which
started about two years ago.
Nonrail transport, mining and commercial companies each
expect little change from 1952 rates of capital spending during the second and third quarters of this year. In the mining
group, some expansion in fixed investment is programed by
petroleum and gas extraction companies. Oil pipeline and
water transport companies also show moderately increasing
investment trends during 1953.
Table 1.—Expenditures 011 New Plant and Equipment by U. S. Business,1 1950-53
[Millions of dollars]
19 52
1953
Jan.-Mar. Apr. -June July-Sept.
Manufacturing
Durable goods industries. _
. _ _ . . _ _ _ _
.
Primary iron and steel
Primary nonferrous metals
Fabricated metal products
Electrical machinery and equipment
Machinery except electrical
.. _ |
_
;
i
Motor vehicles and equipment
Transportation equipment excluding motor vehicles
Stone, clay and glass products
Other durable goods3
.
Nondurable goods industries
Food and kindred products
Beverages
Textile mill products
Paper and allied products
.
.. .
-
_ _._ _
_
_
Chemicals and allied products . . .
Petroleum and coal products
Rubber products
_
_ _
___
Other nondurable goods*
j
-
_..-__
_
_ _ _
_
_ _ . _ . . . _
Mining
Oct.-Dec.
Jan.-Mar. Apr.-June 2 July-Sept. 2
7,491
10, 852
11,994
2,650
3, 156
2,820
3,367
2,747
3,241
3,238
3,135
5,168
5,784
1,307
1,465
1,358
1,654
1,319
1,486
1,486
599
134
350
245
411
1,198
310
433
373
683
1,538
595
355
376
772
319
125
86
82
173
416
141
86
92
187
334
166
77
88
174
470
163
106
114
238
324
129
94
82
198
371
144
94
105
251
349
140
104
121
229
510
82
280
524
851
219
397
704
896
253
318
682
194
76
84
168
214
72
80
176
241
46
73
159
247
58
80
179
201
43
65
182
207
48
69
196
4,356
5,684
1,343
1,691
1,463
1,713
1,428
1,754
1,752
523
237
450
327
579
274
531
420
540
245
400
354
134
48
109
82
145
61
110
87
123
64
87
89
138
73
93
96
120
82
83
82
133
74
70
107
128
67
62
115
771
1, 587
102
359
1,247
2,102
150
382
1,451
2,596
139
484
317
513
33
108
366
747
39
136
358
592
34
116
410
745
34
124
373
552
30
105
468
759
35
108
464
775
32
107
227
6,210
(6)
(6)
52
182
707
929
880
217
228
206
229
199
223
Railroads
1,111
1,474
1,391
360
386
289
357
310
411
330
Transportation, other than rail
1, 212
1,490
1,363
356
372
302
335
311
344
352
Public utilities
_ _
Commercial and other 5
Total
.
3,309
3,664
3,838
821
928
947
1,142
904
1,216
1,205
6, 775
7,235
6,989
1,737
1,738
1,680
1,835
1,675
1 810
1 736
20,605
25, 544
26, 455
6,141
6,808
6,244
7,265
6,147
7,244
7 088
[Billions of dollars]
Manufacturing
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other 5
_ _. .
__
Total
1. Data exclude expenditures of agricultural business and outlays charged to current account.
2. Estimates based on anticipated capital expenditures as reported by business in May
1953. In addition to seasonal adjustment, these periods are adjusted when necessary for systematic tendencies in anticipatory data.
3. Includes lumber products, furniture and fixtures, instruments, ordnance and miscellaneous manufactures.
11.78
.93
1.56
1.44
3.82
7.19
12.24
.90
1.44
1.36
3. 75
6.89
11.64
.83
1.24
1.27
3.71
6.80
12.23
.87
1.32
1.38
4.04
7.12
12.48
.86
1.38
1.27
4.20
6.98
12.90
.88
1.42
1.27
4.67
7.27
13.02
.91
1.31
1.36
4.77
7.30
26.72
26.58
25.49
26.96
27.18
28.41
28.68
4. Includes apparel and related products, tobacco, leather and leather products and printing
and publishing.
5. Includes trade, service, finance, communication and construction.
6. Data not available separately but are included in totals,
~
^
,. , ^>
~«,
,. ^ .
-^
TTCtT^
Source: U. S. Department of Commerce, Office of Business Economics,
SUEVEY OF CURRENT BUSINESS
June 1953
Foreign Dollar Position Improved During First Quarter
J_ HE balance of payments of the United States did not
change materially in the first three months of the current
year, reflecting in general a continuation of basic economic
trends both here and abroad. A comparatively low import
demand and continued import restrictions in Western Europe
coupled with tightened restrictions in some of the major
South American countries have kept our exports at a rela-
tively low rate, while continued high business activity in this
country was reflected in relatively high imports.
Reserves abroad higher
Omitting exports under the military aid program, the export balance on goods and services during the first quarter
Table 2.—Balance of Payments of the United
[Millions of dollars]
AH areas
Item
1953
1952
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
i
1952
1952
1953
III
IV
I
5, 528 1,443
182
601
8
41
1,383
163
12
1,090
123
13
1,612
133
8
1,705
128
8
281
201
73
73
71
46
65
36
72
46
73
52
162
167
37
23
39
30
47
106
35
24
119
24
30
23
42
26
1
1,396
2,024
2,025
728
192
195
158
183
162
525
143
104
641
108
43
630
106
26
1,037
27
53
328
6
17
265
6
13
191
7
14
253
8
9
253
8
20
(«)
III
IV
I
15, 806 4,201
381
1,348
102
524
4,093
370
148
3,439
299
166
4,073
298
108
4,180
279
111
667
418
165
96
164
112
160
104
178
106
176
120
1,682
204
388
30
420
17
398
41
476
116
418
31
20, 649 5,363
5,324
4,607
5,355
5,315
6,981 1,839
1,722
11,503 2,960
1,075
257
822
135
2,845
304
203
2,698
278
342
3,000
236
142
2,991
231
144
2 270
544
246
528
128 !
24 ;
576
165
75
,
66
365
70
375
66
456
64
500
66
455
220
617
54
130
57
134
55
165
54
188
55
169
368
64
80
12
100
12
82
20
106
20
89
20
257
23
62
4
63
4
61
7
71
8
15, 794 3,875
3,909
3,942
4,068
3,996
4,177
930
1,074
1,060
4,855 1,488
1,415
665
1,287
1,319
2,804
909
648
336
Unilateral transfers [net, to foreign
countries (— )]:
Private
-433 -102
Government:
Military supplies and ser vices. - -2, 593 -441
-1,935 -408
Other foreign aid
-129
-28
Other transfers
-98
-106
-127
-123
-212
-49
-48
-49
-66
-60
-587
-623
-37
-616
-545
-31
—949 -1,214 -2, 143 -358
-359
-470 -1,438 -287
—5
-25
-35
-33
-496
-463
8
-475
-422
-5
-814
-266
-990
-333
Balance on goods and services
Total
...
-.
-5,090 -979
Balance on goods and services and unilateral transfers [balance for "all
areas" equals net foreign investment)
_
__
United States capital [net, outflow
(-)]:
Private:
Direct investments
Other long-term
Short-term
Government:
Long-term
Short-term
-367
-190
-35
4
17
-17
-34
17
3
19
-16
-37
17
19
—5
-20
30
-26
-114
4
-64
-3
-100
15
-82
12
-144
-28
-121
-633
-181
-523
-830 -166
-143 -61
3
-94
-362
-117
-56
-62
60
41
-240
-25
-82
-409 -142
1
-68
-186
-23
-187
-12
106
-34
-744
-160
-217
-615
544
48
7
150
15
1
149
11
3
00
(•)
IV
(*)
3
(*)
(*)
22
60
7
I
1
1
1
1,113
1,053
1,200
375
305
231
911
972
-472
-183
-110
-73
-4
-4
-3
-15
(*)
(*)
(*)
-15
19
18
1
289
-106
—4
w
"ii
i
299
-137
-4
8
-4
-4
-3
-4
-76
-110
-141
10
-10
(*)
-5
1
2
-1
-3
-10
-9
-418
-487
-187
-114
-3
22
-50
-42
19
29
21
2
8
1
—1
-2
4
132
-20
53
-16
-30
(')
-3
(*)
«-'
-24
09
81
43
-5
5
10
-10
-242
(•)
("*)
(*)
(•)
2
(*)
(*)
(*)
(*)
124
9
1
3
(*)
(*)
20
I
126
11
1
119
11
2
2
2
10
(*)
III
79
-951 -1,153 -1,390
210
70
-275
-1,015
-1,014
509
-235
-1,544 -365
Total
Foreign capital [net, outflow (— )].
Long-term:
Transactions in United States
Government securities.
Other investments
Short-term:
Official and banking..
Other
-1,345 -1,298 -1,468 -1,842 -3,818 -699
II
I
Year
266
1,696
Total
1953
II
Year
I
II
Year
Dependencies
Western Europe
'!
(')
(*)
302
8
14
54
226
33
97
9
7
34
47
4
98
-15
-15
34
94
91
39
-10
-41
30
60
78
3
-1
1
1
2
1,068
94
109
50
435
55
656
25
-132
-36
32
-6
636
15
21
39
235
-18
442
11
-62
-17
-101
13
69
11
9
-^
14
1
23
8
23
3
11
-3
Gold sales [purchases ( — )]
-379
7
274
603
321 -549
2
1
225
481
6
1
1
1
3
1
Balance on foreign capital and gold
1,183 -404
385
776
426
753
466 -490
185
518
253
475
89
8
17
33
31
9
260
289
17
30
-13
692
303
173
-92
403
174
87
53
89
141
Transfers of funds between foreign
areas [receipts from other areas (— )]
and errors and omissions
-'Revised.
P Preliminary.
596
-556
* Less than $500,000.
-104
308
Source: U. S. Department of Commerce, Office of Business Economics.
-100
SURVEY OF CURRENT BUSINESS
June 1053
was only $100 million as against over $1 billion a year earlier.
Since the small foreign deficit was far more than offset by
private and Government loans and gifts (other than military)
foreign countries were able to raise their gold and dollar
assets through transactions with the United States by $753
million. This amount, which represents the excess of foreign
dollar receipts over expenditures, was approximately $330
million more than during the preceding quarter. About twothirds of this increase, however, was due to the decline in
foreign dollar requirements for interest and amortization
which are seasonally higher in the fourth quarter.
Military expenditu res major factor
Over the 12-month period ending last March, foreign gold
and dollar assets increased by over $2.3 billion through
transactions with the United States, an amount approximately equal to net Government loans and economic grants.
Thus, with generally stable economic conditions abroad and
rising business activity here, and with the existing exchange
controls abroad the rest of the world as a whole, but not
necessarilv individual countries, could have balanced their
States by Areas, 1952 r, and First Quarter 1953
[Millions of dollars]
Eastern Europe
Canada
1952
Year
I
II
1
6
(*)
(*)
(')
(*)
4
(*)
1953
(*)
(«)
2
1
(*)
(«)
1
1
2
1
4
(')
1
(•)
(•)
(*)
1
(•)
1 (*)
1
6
Year
(*)
(«)
(«)
2 2, 996
103
302
1
(•)
1
26
1
147
30
83
71
119
85
(*)
654
18
334
(«)
4 3,833
39
(*)
(*)
10
(»)
(')
10
(*)
(*)
11
8
(*)
(«)
(•)
(*)
(*)
1
42
11
10
12
9
-25
-8
-6
-5
-6
-14
-3
-4
-3
-4
724
27
101
Year
24
26
2 (*)
3
1
I
IV
22
6
7
3
III
90
18
8 (*)
4
0)
II
821
29
85
3
00
I
61
778
26
61
(x)
(*) ( «)
-14
(*)
-3
-4
-3
(*)
-4
-39
-11
-10
-8
-10
(*)
(*)
(*)
(*)
0)
4
-2
1
-1
2
0
(*)
0)
(*)
1
4
-4
40
12
12
3
13
38
8
34
9
35
6
40
7
40
6
83
179
21
15
21
51
19
60
160
3
156
6
162
2
176
7
162
3
402
13
102
3
112
2
97
5
977
20
86
5
12
6
16
5
17
4
41
5
17
87
17
12
3
31
3
15
6
29
23
5
11 3,012
>7
821
648
743
816
180
303
133
-3
i
-4
14
7
2
4
5
20
799
2
178
1
2
184 210
1
2
227 231
12
4
3
1
3
1
3
1
3
1
3
1
10
6
2
1
2
2
3
2
805
709 4,235 1,079 1,019 1,056 1,081 1, 152
3,079
826
752
738
205
278
1,093
315
325
239
-1
-4
Q
-10
809
177
301
129
202
— 53 — 128
47
8
-5
-5
247
42
62 -115
30
13
2 (*)
13
14
12
5
1
5
22
15
17
1
25
3
1
?
2
2
12
2
2
4
4
4
763
767
49
6
6
29
8
5
214
316
21
13
8
-7
7
12
-46
-9
-9
-15
-13
-12
-142
-36 -33 -34 -39 -43 (*)
-54
-18
-7
-2
—1
-5
-3
-5
—1
-6
—5
-1
-396
-412
-90
-51 -73 -140 -132 -218
-93 -137 -115 -67 -96 -61 -21 -16
-19 -25 -23 -23 -25
-3 -21 -36
-6
-32
—7
-2
-3 -130
-50
-36
-22
-22
-24 -1,040 -199 -268 -312 -261 -382 -61 -21 -16
-3 -21 -36
212
211
20
-2
275
483
--i '
53
116
57 -73 -47 -66 -40
— 52
10
-12
—27
7
-11
— 222
-14
89
«39
—5
(*)
-10
-201
-65
-10
-59
-41
-413 -133 -135 -51 -94 -70 -125
—76 — 944
— 108 — 12
11
4
9
-741
34
32
2 -175 -79 -116
—1
-1
-9
-2! -57
—1
2
-6
(«)
-12 -132 -150 -441 -150 -222
40 -139
(«)
-8
(•)
(*)
-8 -10 -14 -24
—91 — 58 — 26 — 47 —40
-6 -51
-60
-20
1
3 -118
10
-1
37
37
30 — 15 -14 -1 («)
(')
-65 -75 -42 -19 —9 -6 -2 -2 -1 -1
6 -40 -23 -8 -10
210
6
11
26
167
-9
-4
-1
-3
1
-1
2
-10
36
0
19
-1
26
12
12
2
5
1
4
—1
3
32
-38
57
92
58
-7
-84
-45
-86
63
58
130
-3
14
14
35
42
46
5
35
79
-10
192
-62
-3
-7
-1
2
l!
-63
-5
-95
1
36
95
4
0
-11
172
75
66
-19!
133
7
-44
91
79
165
127
116
9 -693 -115 -250 -192 -136 -106 -175
-69
55 -101
-60
15
233
-99
-9
19
4
22
9
302
70
5
19
-3
(*)
977 1,083
5
21
-12
(*)
4
5
20
-3
63
2
10
19
82
-2
-3
—1
105
3
499 500
25
27
4
6
-2
-51 -223
91
3
526 488
29
30
5
6
-2
-3
(-)
12
612
26
5
2
(*)
(*)
52
2,125
112
20
-8
-5
-6
22
61
989
68
66
262
4
1 (*)
22
53
936
69
46
i
IV
III
3
887
74
67
613
II
I
4
4
857
76
56
()
(«)
—28 — 193
-50 -35
27
8
Year
911
73
66
2
(«)
I
1953
1952
834
50
8
918 809 731 750
75
56
73
53
9
9
7
5
609 3,591
24
292
26
235
4
3,208
257
30
662
24
40
1 -418
-2
722
70
34
596
25
152
1
-1
805
75
33
607
27
53
1
-3
770
82
41
569
24
23
(•)
III
929
93
39
10 2,434
100
268
0)
1
(«)
-1
III
II
4,172 1,141 1,077
(*)
-1
I
987 4,848 1,341 1,266 1,098 1, 113 1,037
—402
-30
25
-1
-1
-1
Year
I
1953
949 1,010
(•)
2
-1
IV
International institutions
1952
828 1,046
z
(*)
III
I
793 3, 520 1,016
22 335
85
144
60
31
All other countries
1953
1952
673
21
55
17
(*)
1953
1952
I
IV
III
Latin American republics
-2
i
-8
1
2
1
1
82 90 -11
31 183
36 -55 -32 -11 -69
-8 -53
9
-4
6
2
2
51 -31
-1
26
-2 -62
12
36
1
1
1
98 -42 -54
—1
-4
9
4
1
4 (•)
4
26
116
69 -33
32
164
115
20
96
29 -83
53
49
9
1
25 -40
-9
9
4
24
95 -25
7
101
8
SURVEY OF CURRENT BUSINESS
6
transactions with the United States without such Government grants and loans.
The rise in foreign reserves added greatly to the economic
strength of foreign countries and enabled them to expand
multilateral trading and in some instances to relax restrictions against purchases in this country. An important
factor in reaching this position were United States military
expenditures abroad, including offshore purchases, which
during the same 12-month period added over $2 billion to
foreign dollar resources.
June 1953
the first quarter, accrued to the sterling area. Government
loans and grants (other than those in the form of military
supplies and services) accounted for $112 million and other
transactions with the United States for about SI00 million
of this rise. The remainder were net receipts by the sterling
area as a result of transactions with other countries.
Sterling area transactions with the United States, excluding new Government loans and grants, which had changed
from a sterling area deficit to a surplus from the first to the
second quarter of 1952 continued to show a surplus, except
for a final quarter of last year when interest and amortization were paid on the British loan. The change from net
dollar payments to net dollar receipts resulting from sterling
area transactions with other countries than the United
States came between the third and fourth quarter last year.
Sterling area improves most
Nearly half of the rise in foreign gold and dollar assets, as
reflected in the United States balance of payments during
Table 3.—Balance of Payments of the United States
[Millions of dollars]
Total
United Kingdom
1952
Year
Exports of goods and services:
Merchandise, adjusted
Transportation
Travel
Miscellaneous services:
Private....
Government
Income on investments:
Private
Government. ._ ..
1
i
1953
II
III
IV
1952
I
Year
I
!
1953
III
II
IV
i
I
1
2, 055
255
35
741
84
7
490
64
11
384
53
11
440
54
6
440
50
7
684
135
16
245 !
37 !
3
156
36
5
119
30
5
164
32
3
164
30
3
206
30
53
5
51
5
51
14
51
6
51
6
163
13
42
4
40
3
41
3
40
3
41
3
285
95
68
67
65
1
85
94
70
87
90
23
17
20
27
90
21
2,961
958
688
579
736
624
1,188
354
257
218
359
262
-
1,933
234
98
539
51
21
529
/1
418
64
34
447 1
48
16
475
47
24
582
198
41
138
42
4
171
62
12
134
55
19
139
39
6
149
39
-
180
156
45
34
45
38
45
40
45
44
45
50
178
107
44
24
45
26
45
27
44
30
45
33
140
5
35
1
35
1
34
1
36
2
33
o
136
5
34
1
34
1
33
1
35
2
32
2
2 S 746
726
746
636
638
676
1,247
287
351
314
295
305
215
232
-58
-57
98
-52
-59
67
-94
-96
64
-43
_ _ _
_ _
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, to foreign countries (— )]:
Private
Government:
Foreign aid excluding military supplies and services 2 _
Other transfers
Total
Balance on <*oods and services and unilateral transfers
United States capital [net, outflow (— )]:
Private:
Direct investments
Other long-term
Short-term
Government:
Long-term
Short-term
Total
Foreign capital [net, outflow (— )]:
Long-term:
Transactions in United States Government securities
Other investments
Short-term:
Official and banking
Other
(*)
(*)
-72
-18
— 15
-15
-24
-23
-36
-9
—7
—7
-13
-10
-433
-6
— 21
-1
-163
-1
-143
-106
-2
-99
-2
-405
-4
1
-- ;
-154
-134
-1
-100
-1
-89
-1
-511
-40
-179
-160
-132
-124
-445
-27
-162
-142
-114
-296
192
-237
-217
-34
-176
-504
40
-256
-238
-64
_2
46
-31
-16
0
22
13
1
12
-30
6
-15
-35
15
-6
21
-2
12
15
_2
12
-3
-2
10
-2
16
-1
4
-13
-21
3
-131
4
-52
2
— 79
15
37
-3
37
6
-11
5
5
-3
-2
-1
-45
13
52
-8
1
-7
-147
-80
-58
-1
-8
-42
33
22
-40
17
34
-29
90
-4
8
— 13
12
-40
31
8
39
41
11
52
90
-6
12
-41
31
-10
39
40
12
53
201
-31
112
9
38
-13
73
-22
-24
-49
11
170
1
124
16
14
-4
64
6
-32
-17
-82
16
-50
-100
-143
Gold sales [purchases ( — )]
-449
-522
-11
81
320
-440
-520
80
320
Balance on foreign capital and gold
-193
-406
-14
112
115
345
-185
-382
-19
106
110
319
636
294
309
106
-73 j
1
-127
656
320
315
115
-94
Transfers of funds between foreign areas [receipts from
other areas ( — )] and errors and omissions
r
Revised.
» Preliminary.
* Less than $500,000.
1. Exports of goods and services have been adjusted to exclude exports of military-end-use
items financed through grants under the military-aid programs and to include in merchandise
for the total sterling area—but not for the United Kingdom and other component areas—
Or)
-147
"Special category" exports sold for cash. For the definition of "Special category" goods, see
Foreign Trade Statistics Notes for September 1950, published by the Bureau of the Census.
2. Military aid to the sterling-area countries is not shown separately.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
June 11)53
with the first quarter a year ago, while the United States
experienced a rise by 8 percent.
The recent improvement, in contrast to that in 1950, was
accomplished without a rise in prices of raw materials originating in the sterling area. It was mainly due to reduced
imports from the United States and some rise in exports to
this country, particularly since the third quarter of last year.
The share of the United Kingdom in this improvement is
indicated by the fact that imports of goods and services by
the United States exceeded exports, excluding military
items, by $43 million in the first quarter of 1953.
This compares with an excess of exports of $67 million a year
earlier. The relative improvement in the external financial
position of the United Kingdom was more outstanding than
in most other major countries. It was in part at least due to
a comparative stability in industrial production as compared
with the Sterling Area, 1952r and First Quarter 1953
Dollar deficit of Europe declines
The continental countries in Western Europe purchased
$160 million of gold in the United States during the first
quarter without drawing upon their dollar assets. This was
slightly more than the net change in dollar assets and gold
purchases as reflected in the United States balance of payments during the preceding quarter. Thus, this gold movement mirrors a considerable improvement which bad taken
place since the first quarter of 1952, when these countries
had to draw down their gold and dollar assets by over $100
million.
p
[Millions of dollars]
Other Western Europe
1953
1952
I
Year
<«)
II
9
53
5
1
(*)
(*)
1
1
(*)
(*)
00
(*)
(*)
2
20
3
63
<«)
III
00
1
(*)
14
1
10
1
(*)
(*)
1
(*)
(*)
00
(*)
I
Year
10
1
1
1953
1952
I
IV
(*•)
All other countries
Dependencies
209
19
5
53
7
1
0)
(*)
i
1
2
31
III
II
I
IV
I
49
3
1
952
96
13
381
37
3
236
24
4
166
18
4
169
17
2
186
16
3
1
35
16
9
1
9
2
8
10
9
3
9
3
2*5
97
3
23
25
22
1
27
2
(*)
00
23
25
Year
54
4
1
2
(*)
(')
22
101
49
4
1
53
4
2
2
7
(«)
I
IV
III
II
1953
1952
2
(*)
23
(*)
23
10
13
17
12
341
85
85
79
92
79
1,212
454
300
229
229
240
10
1
4
1
1
6
1
2
4
1
1
5
1
632
14
47
208
3
15
162
3
12
117
4
12
145
4
8
157
4
17
695
18
6
183
5
2
192
5
2
161
4
1
159
4
1
164
3
2
4
2
32
1
7
1
1
24
4
4
00
4
(•)
(*)
09
(*)
1
0)
(*)
(")
1
(*)
2
(x)
(X)
(*)
4
1
(*)
13
3
2
1
1
3
(«)
4
(*)
3
(*)
(*)
(«)
(*)
(*)
8
(*)
1
(*)
(*)
1
9
8
(*)
00
9
00
(«)
(*)
37
11
7
10
9
10
708
230
181
137
160
183
754
198
207
175
174
178
26
12
3
3
8
2
-367
-145
-96
-58
-68
-104
458
256
93
54
55
62
-10
-2
2
-3
-2
-13
0
-3
-3
-4
-4
-13
-4
-6
-1
(*)
-3
-1
(*)
-1
00
-1
00
(*)
(*)
-22
-2
(*)
(*)
(*)
00
-3
-2
-4
-7
-6
-8
i
-5
-1
-9
-1
w
-16
-3
-5
-4
-4
-3
-13
-3
-3
-3
-4
-4
-37
-7
-9
-11
-10
-17
10
9
-2
-1
4
-1
-380
-148
-99
-61
-72
-108
421
249
84
43
45
45
-1
(*)
-10
1
1
-111
_2
32
-*l
-I
-27
0)
25
-9
1
10
-28
2
-2
-4
11
2
— 115
7
-48
-1
-31
2
-21
4
-15
2
-11
-189
-102
-31
-15
-41
2
1
1
1
3
— 11
16
-11
29
00
1
8
-1
(*)
(*)
0
(*)
w
00
1
-1
0
00
(x)
(*)
(*)
-1
-2
-4
-1
-i
—i
-6
-4
-2
0
-4
-5
4
1
1
-1
00
-4
1
14
1
00
12
00
0)
-2
(*)
-2
00
-16
00
9
0
13
-3
_1
2
-1
1
1
1
3
8
7
2
-6
1
7
2
-5
3
4
—4
32
-40
-18
-9
31
-9
4
1
1
1
1
1
13
3
-12
2
-2
17
9
-3
11
0
1
-19
-29
10
-5
5
27
3
354
139
89
53
73
118
-213
-118
-63
-23
-9
-70
-1
-1
—1
1
1
(*)
-20
(*)
(*)
-i
-i
26
1
2
(*)
8
-11
1
-1
00
8
SURVEY OF CURRENT BUSINESS
Germany and the Netherlands showed the greatest improvement in their financial position while France lost dollar balances. However, for this group of countries as a whole,
sales of goods and services (including sales to the Armed
Forces of the United States), and private gifts and credits
were not sufficient to pay for their dollar expenditures.
Transactions with the United States—in part because of
rising United States military expenditures in the area—
were nearly in balance. Dollar payments had to be made
to other countries, however, including payments in dollars
for oil and other products or services purchased from American branches and subsidiaries operating abroad. A reduction in Europe's deficit with these areas, therefore, would
materially reduce Europe's dollar deficit.
Considerable progress in that direction already made by
Europe is indicated by a change in the trade with Central
America from a deficit averaging about 28 million a month in
1951 to a small surplus during the first 2 months of 1953.
Europe's trade deficit with Canada declined from about $70
million a month during the first quarter of 1952 to about half
that amount during the first quarter of this year. Most of
the decline in these deficits was due to reduced imports,
however, rather than increased exports by Europe.
Reduced sales to Latin America
Canada's deficit on goods and services with the United
States increased from the fourth quarter of 1952 to the first
of this year by a larger amount than the increase in the outflow of long-term capital to that country. The resulting
decline in net dollar receipts from the United States was accompanied by a decline in net receipts of United States dollars from other countries. Consequently, Canadian assets
in the United States were drawn down and the premium on
the Canadian dollar continued to decline. With economic
conditions similar to those prevailing in the United States,
the changes in Canada's balance of payments were in the
same direction as those in our own.
Reduced sales to Latin America and increased imports from
this area changed the balance on goods and services from a
United States surplus to a deficit, reversing a situation which
had existed for nearly 2 years. Nearly all Latin American
republics reduced their purchases here; but the increased
United States imports affected mainly Mexico, the Central
American republics and Cuba.
Of those Latin American countries which are most affected
by foreign exchange difficulties, Brazil and Chile reduced
their trade surplus with the United States, while Argentina
raised the export surplus to the United States by reducing
purchases, while sales remained unchanged. The gold sales
to countries in that area were mainly to Mexico and Argentina and the rise in dollar balances was particularly large for
Cuba and some of the Central American republics.
Transactions with the independent countries of Africa and
Asia excluding those in the sterling area did not change materially from the previous quarter. These countries as a
whole had net dollar receipts of $90 million through transactions with the United States, excluding $96 million of net
Government loans and economic aid grants. Their relatively
favorable dollar position reflects the large military expenditures in the area, mostly in Japan.
Exports of manufactures up—
farm products down
Most of the major trading areas of the United States, with
the major exception of Canada, were able to improve their
June 1953
dollar position through their transactions with the United
States. This resulted from reduced purchases in the United
States rather than from increased sales to this country.
Except in certain Latin American countries as earlier indicated, the reduced purchases reflect smaller requirements
rather than restrictions on imports necessitated by a lack of
dollar exchange.
Compared with the last quarter of 1952 exports of civilian
merchandise during the first three months of 1953 declined
by $160 million. Exports of agricultural products were off
$124 million and those of petroleum $25 million. The
decline in exports of these products is largely the result of
the improved supply position abroad relative to current
consumption. Similar reasons may also account for the
decline in exports of steel mill products and ferro-alloys of
$55 million.
A large part of the $90 million gain in exports of machinery
and vehicles consisted of increased shipments of automobiles
and agricultural machinery to Canada. Although the rise in
industrial products to other areas was relatively small, it
represents a definite reversal of the downward trend prevailing during most of last year.
Imports of metals decline
Commodity imports as a whole remained virtually unchanged from the previous quarter, but components showed
divergent tendencies. Imports of metals with the major
exceptions of aluminum and zinc generally declined from
the high point reached during the fourth quarter. Copper
and lead are the most important items in this group. The
higher imports of tin resulted from purchases made in pre~;
vious periods. Crude foodstuffs imports rose but not to
the point reached during the same season last year.
Among manufactured goods, imports of newsprint and textiles declined, but seasonal factors may account for that.
Imports of machinery and vehicles and chemicals increased,
however. Since metals were the major items raising total
imports during 1952, the decline in metal imports and prices
may indicate that total import values are approaching a peak
unless imports of manufactured products are further stimulated.
Offshore procurement replaces grants
The major item likely to raise foreign dollar receipts in the
near future is military expenditures, particularly those under
the offshore procurement program. The current rate of such
expenditures was still below the rate at which contracts are
placed and will tend to increase as deliveries are made.
The rise in Government aid not in the form of military supplies and services appears to compensate merely for the low
amount in the previous quarter; it is contrary to the longer
run trend. The decline, which may be expected on the basis
of the figures included in the President's budget, would be
less, however, than the expected rise in military expenditures,
so that total dollar availability to foreign countries through
foreign transactions by the Government are likely to increase
for some time.
Of the private long-term capital outflow in the first quarter
about two-thirds went to Canada. This represents an even
higher proportion than during the year 1952.
by Frances P. Sasscer
One Billion Travel Dollars Go Abroad
EXPENDITURES by United States residents in foreign
E:
countries, with the fares paid to foreign ships and planes,
increased to about $1 billion in 1952. In addition, United
States residents paid about $180 million to United States
international carriers.
During the entire postwar period tourist expenditures in
foreign countries and fare payments to foreign carriers have
increased by an average of about $86 million per year, but
the upward trend was somewhat slower during the more
International Travel, Including
Fares, Nets $400 Million
Annually to Foreigners
MILLIONS OF DOLLARS
1200
1000 -
recent years. The rise from 1950 through 1952 averaged
$62 million.
The trend of expenditures has varied significantly by
individual areas or countries. Until recently, expenditures
in Canada had been nearly stable since 1948. Payments to
European countries have since 1950 risen by an average of
$28 million per year, and those to Mexico and the nearby
Caribbean area went up by about the same amount.
Expenditures by foreigners for travel in the United States
and for passage on United States ships and planes amounted
to $600 million in 1952. The 1946-52 rise averaged $48
million per year, and that since 1950 averaged $76 million.
Thus, during the latest years the rise in expenditures in the
United States was slightly larger than the increase in United
States expenditures abroad, so that net expenditures have
declined slightly to about $400 million.
Most of the rise in foreign expenditures here during recent
years was due to increased travel by Canadians in this
country. The abolition of exchange controls in that country
and the appreciation of the Canadian dollar may have contributed to the acceleration.
Travel capacity to Europe rises
800 -
The greatest rise in United States travel outlays, in both
absolute and relative terms, occurred in the European and
Mediterranean area where American expenditures increased
by 30 percent over 1951, when expenditures were unusually
low. The rise over 1950 was only 14 percent, as indicated
in table 1. The sharp gain from 1951 to 1952 reflected an
increase in numbers of travelers; per capita expenditures
remained approximately unchanged. A large portion of the
rise in travel volume resulted from the introduction of
tourist-class air transportation in the spring last year.
This significantly increased the capacity available for travel
to Europe.
From January to April 1952, before the inception of
tourist-class air transportation, citizen departures for Europe
by sea were up by 57 percent over the comparable months
of 1951, while air departures showed an increase of 22 percent. For the period May through December, corresponding increases over 1951 were 29 percent for sea and 73 percent for air. As illustrated in the accompanying chart,
the largest 1952 increase in total sea and air departures
occurred during the May-December period.
Space availability for outbound traffic was a limiting
factor on departures by sea in June and by air in July.
Certain types of space on ships—cabin class, for example—
seem to have been fully utilized for longer periods.
In each January-March and September-December period
of the years 1950 to 1952, between 40 and 50 percent of all
Americans traveling to Europe went by air. In April there
was a sharp decline to under 30 percent, the proportion
remaining under 40 percent until September. However,
the period from May to August 1952 shows a considerably higher ratio of air travel than corresponding months
600 -
400 -
200 -
600
EUROPE AND
MEDITERRANEAN
400 -
200 -
400
CANADA
200
-200
1929
1948
1949
I960
1951
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
1952
53~78
NOTE.—MRS. SASSCER IS A MEMBER OF THE BALANCE OF PAYMENTS
DIVISION, OFFICE OF BUSINESS ECONOMICS.
9
254080°—53
2
10
SURVEY OF CURRENT BUSINESS
of the previous years, indicating the results of the introduction of tourist-class air transportation.
Limitations in transport capacity were in part overcome
by a lengthening of the travel season last year. Significant
reductions in fares for off-season travel helped to stimulate
this development.
Travel to Europe hits postwar peak
More native-born travelers used planes than ships for
transatlantic crossings, while the larger part of the foreignborn Americans traveled by sea, perhaps because ships
provide transportation at lower costs than planes. A preference for foreign carriers also seems to exist among foreignborn travelers. This choice may be due in part to the opportunity thereby afforded to foreign-born residents to utilize,
for payment of fares, funds in foreign countries which cannot
be exchanged for dollars.
Although the number of American residents departing for
Europe last year represented a new high for the postwar
period, it still fell short of the prewar peak reached in 1929-30.
The long-term downward trend in travel to Europe by the
foreign-born population of the United States—which last
year still comprised nearly 50 percent of the travelers—was
not quite offset by the rising number of native-born Americans traveling to Europe.
June
finance nearly one-third of the deficit with the United States
arising from trade of nonmilitary merchandise. The increase in the numbers of travelers more than offset a slight
drop from the preceding year in average expenditures
(table 5).
The United Kingdom received a smaller share of American
travel expenditures in 1952 than in any other recent year.
This reflected a decline in average expenditures, due in part
to shorter stays in the area. Proportionately fewer Americans traveling in Europe visited Britain last year. This
relative decline, however, was more than offset by increased
payments of passenger fares to British international carriers.
Added transportation facilities to southern Europe in 1952
resulted in a relative increase in American travel to Italy,
increase in European travel by
native-born Americans partly
offset decline in travel by
foreign-born
T H O U S A N D S OF
TRAVELERS
400
Native-born travelers spend more in 1952
The lower average per capita expenditure by foreign-born
(although their average stay in Europe was three weeks longer
than that of native-born) may be accounted for by the
relatively larger number that visit friends and relatives and
stay in their homes. About three-fourths of foreign-born
travelers reported having visited relatives and friends, as
compared to only about one-tenth in the native-born group.
When traveling for the same purpose, foreign and nativeborn travelers spend about the same amount. However,
the large preponderance of visits to friends and relatives on
the part of foreign-born lowers their average per capita expenditure to less than 60 percent of those of native-born.
Expenditures in Europe rise
The shift in travel population from foreign to native-born
has tended to raise average travel expenditures in Europe.
This tendency may be obscured, however, by other factors
such as changes in incomes and prices.
The 1950-52 increase in average expenditures was primarily among air travelers.
Influenced by rising prices and the greater availability of
local merchandise, per diem expenditures of travelers rose
by about 15 percent during 1950-52. However, as the time
spent abroad was shorter, the average expenditures per trip
did not increase proportionately.
One-third of the travelers to Europe and the Mediterranean area during 1952 resided in the state of New York (table
4) and nearly one-third came from other States along the
eastern seaboard. California, Illinois, and Michigan rank
high as States-of-residence of travelers, due to their high
foreign-born population. It is significant that 9 States—
having 47 percent of the total population, but nearly 70 percent of the foreign-born population—provided over 75 percent of European travelers.
France receives large share
France last year again received the major share of American
travel expenditures in Europe, receipts being sufficient to
1953
1929
1952
Native-born travelers spent more
per capita in Europe than
foreign-born * . .
DOLLARS PER CAPITA
1000 r~—"
750
"—~"
^NATIVE-BORN
FOREIGN-BORN
500
250
0
1929
1952
thus contributing to rise in travel
expenditures in Europe
MILLIONS OF DOLLARS
400
1929
1929
1952
ACTUAL
AT 1952
PER CAPITA
EXPENDITURES
ACTUAL
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
SURVEY OF CUEKENT BUSINESS
June 1053
Spain and Portugal. Italy in particular benefited also
from a sharp increase in travel to Israel.
Travel payments to Germany increased more than those
to any other European country. Additional direct steamship facilities direct to German ports accounted for a portion
of this increase. Another factor may have been the abolition of special permits by the occupation authorities in 1951.
Travel to other areas stable
Expenditures for travel in Mexico rose to a new high last
year, with a large gain in expenditures in border towns. Expenditures in the interior of Mexico increased only slightly
over 1951.
The rate of increase in the numbers of travelers to the interior of Mexico from 1950 to 1951 was not maintained in
Table 1.—Estimated Numbers and Expenditures of United States
Residents Traveling in Foreign Countries, 1950-52 1
Xuinher of travelers
[thousands]
All countries
Canada
Mexico
_ _
-
. _
_ _.
Total oversea areas
Europe and Mediterranean
West Indies and Central America- _
South America
Other oversea countries
Expenditures
[millions of dollars]
1950
1951
1952
1950
1951
1952
(*)
(*)
(*)
727
722
822
(*)
(*)
(*)
(*)
8
261
145
255
159
268
180
676
684
773
321
308
374
302
323
38
13
255
375
42
12
332
382
40
19
225
60
195
75
25
13
256
78
25
15
1
NOTE.—Detail will not necessarily add to totals because of rounding.
*Not available.
1. Estimates exclude fare payments to United States and foreign carriers for travel between
the United States and noncontiguous foreign countries. In the case of estimates for travel
expenditures in Canada and Mexico, train and bus fare prorated on the basis of the mileage
covered in each country and plane and boat fares paid to Canadian or Mexican carriers
are included with estimated travel expenditures in Canada and Mexico. All estimates
exclude travel expenditures by military personnel stationed abroad, employees of the United
States Government and international agencies, and persons employed abroad, and include
shore expenditures of, but not the number of, cruise passengers.
Source: U. S. Department of Commerce, Office of Business Economics, based on questionnaire returns; numbers based on data of U. S. Department of Justice, Immigration and
Naturalization Service,
Table 2.—Estimated Expenditures and Numbers of United States
Residents Traveling in Europe and the Mediterranean Area,
1952, by Quarter 1
Total ex- Number of
penditures travelers
[millions of [thousdollars]
ands]
Average
expenditures
[dollars]
Average
length
of stay
[days]
Average
per diem expenditures
[dollars]
Total United States residents:
First quarter _.
_
Second quarter
Third quarter _ ___ .__
Fourth quarter
Total
Sea
Air
.
26
79 1
107
44
39
92
144
57
657
853
743
766
67
53
57
67
9
16
13
11
256
332
767
59
13 09
76
25
08
43
156 !
100
194
138
800
722
70
43
11 51
16 67
177
188
935
*9
18 97
105
72
102
86
1 024
831
58
39
17 69
21 25
79
144
548
71
7 74
51
28
92
52
553
539
82
50
6 72
10 72
11
1952. In the last quarter of 1952 the number of travelers
fell below that of the comparable period of 1951. This may
possibly be the beginning of a leveling-off process similar to
that which took place in Canada between 1948 and 1951.
Expenditures in Canada started to rise last year, and have
continued up during the first months of the current year.
Travel payments to the West Indies and Central America
remained virtually the same as in 1951 except for increases
in payments to the British Western Hemisphere possessions.
Table 3.—Size Distribution of Travel Expenditures of United States
Residents in Europe and the Mediterranean Area, Third Quarter,
1952 i
Percent of residents in each group
Expenditure group
All
residents
Foreignborn
Nativeborn
4.4
16.7
19.9
15.5
39.0
22.2
9.4
26.9
21.0
$626-$875
$876-$l,150
$1,151-$1,450
16.8
13.5
10.1
9.7
6.9
3.0
13.6
10.5
6.8
$1,451-$1,750
$1,751-$2,250
Over $2,250
7.5
6.5
4.6
2.0
1.1
.6
5.0
4.0
2.8
100.0
100.0
Under $126
$126-$375
$376-$625
_
-
Total
100.0
1. Expenditures reported by travelers in questionnaire sample were tabulated by frequency
intervals; because of tendency of travelers to report rounded amounts, intervals were chosen
so that frequently reported amounts fall close to the center of the interval.
Source: XI. S, Department of Commerce, Office of Business Economics.
Table 4.—State of Residence of United States Residents Returning
During 1952 at the Port of New York From Europe and the Mediterranean Area, by Percentage
Area or state of residence
New England
Connecticut
Massachusetts
Percent
8.9
3.3
4.4
._
52.5 '
8.0 i
33.7 i
6.8
Middle East
New Jersey
New York
. .
Pennsylvania
Southeast
-
-
6.4 i
-
Percent
Area or state of residence
Southwest
2.2
Central
Illinois
Michigan
Ohio
Northwest
Far West
California
17.8
_
5.9
3.0
3.7
2 4
9.8
8. 2
NOTE.—Data compiled from tabulations of passenger manifests at the port of New York.
For grouping of states into areas, see August 1952 issue of the SURVEY OF CURRENT BUSINESS,
page 11.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 5.—Number and Expenditures of United States Residents
Traveling in Europe and the Mediterranean Area, 1950—52, Total
and Selected Countries 1
Country
Number of travelers
(thousands)
Total expenditures j Average expenditures
(millions of dollars) i per trip (dollars)
1950
1951
1952
1950
1951
1952
Europe and Mediterranean
France
United Kingdom
Italy
Switzerland
302.0
164.6
137.2
136.4
94.2
255. 0
144.4
123.8
100.7
80.1
332. 0
193.4
158.8
144.8
114.6
225.0
56.0
37.0
50.0
18.0
195.0
48.5
36.5
34.0
15.5
256.0
60.0
41.0
50.5
21.5
742
339
270
363
187
759
337
293
337
193
767
310
260
344
186
Germany
Benelux
Scandinavia
Eire
Other Western Europe.
73.5
75.0
38.0
26.0
57.0
68.5
60.0
35.0
18.4
54.0
101.2
85.0
47.6
23.8
84.0
14.5
10.5
13.0
6.0
13.0
15.5
8.0
11.0
4.0
13.0
23.5
11.5
15.0
4.5
20.5
200
140
342
242
226
230
133
306
218
233
229
135
308
184
243
1950
1951
1952
Native-born residents:
Total
Sea
Air
__ -
Foreign-born residents:
Total
Sea
Air
1. Passenger fares and Government travel are excluded; for detailed treatment see footnotes, table 1.
1. Passenger fares and Government travel are excluded; for detailed treatment, see footnote
to table 1.
Source: U. S. Department of Commerce, Office of Business Economics, based on questionnaire returns.
Source: United States Department of Commerce, Office of Business Economics, based on
questionnaire returns.
by Raymond Nassimbene and Donald G. Wooden^-
Producers' Equipment—
Growth, Replacement, and Stock
J_ HIS article presents newly developed information on private producers' durable equipment of value in analyzing the
postwar investment expansion. From the new data it is
possible to approximate: (1) the extent to which producers'
durable equipment purchases have been for replacement as
distinguished from expansion, and (2) the increase in the
various types of producers' durable equipment in use. Information was also developed on alternative ways of measuring capital consumption.
The results presented are tentative, in part because of the
exploratory nature of the work and in part because of data
deficiencies and conceptual difficulties that handicap statistical measurement in this field.
While primary interest is in the postwar period, much of
the analysis covers the years 1941-52. A broader perspective is gained in this manner; also, as will be explained later,
one of the major limitations of the statistical method underlying the estimates is thereby overcome.
useful basis for making estimates of short-term replacement
requirements and changes in capacity. The estimates are
necessarily approximations since the older machines in use
do not perform as well as new ones. But generally speaking
the discard method should provide better estimates of
replacement requirements and changes in capacity than
does the depreciation method.
Private Purchases of Producers' Durable Equipment
Dollar purchases of equipment rose
sharply in the postwar period
BILLIONS OF DOLLARS
25
Gross and Net Purchases
OTHER EQUIPMENT
7
Business purchases of producers durables more than
doubled between 1946 and 1952. This increase extended to
all major groups of equipment (table 1). High farm incomes
resulted in a particularly favorable market for agricultural
machinery and tractors; and the demand for motor vehicles
was specially stimulated by the fact that heavy \vartime
cut-backs in production had given rise to a stubstantial
backlog.
The estimates included in the table cover gross private
purchases of producers' durable equipment. Government
purchases of equipment, which were substantial during
World War II, are excluded; also excluded are postwar
private purchases of government surplus equipment.
In the following sections an attempt is made to measure
the portion of private purchases of newly produced equipment that is for replacement and the portion that represents
additions to the stock of capital equipment.
TRANSPORTATION EQUIPMENT
MACHINERY
10
-
5
-
Measures of capital consumption
It is customary business practice to prorate the original
cost of a depreciable asset over its useful life. This allocation takes the form of a depreciation charge to expense and
is reflected in the net income of the accounting period. The
annual depreciation charge is thus a measure of use in that
it provides a rough estimate of the portion of service life in
existing equipment that has been used up during the period.
The net value of an asset (i. e., original cost less cumulative
depreciation) is a measure of the remaining service life.
Discards are an alternative measure of use. An asset is
assumed to remain as new until discarded, at which time its
cost is completely written off. This assumption provides a
NOTE.—MR. NASSIMBENE AND MR. WOODEN ARE MEMBERS OF THE
NATIONAL INCOME DIVISION. MR. ROBERT C. WASSON PREPARED THE
ESTIMATES OF PRODUCERS' DURABLES IN TABLE 1.
12
1941 42 43 44 45 46 47 48 49 50 51
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
52
53~9O
For example, suppose that a manufacturer has purchased
10 new trucks with a useful life of 5 years. These trucks will
be depreciated every year but discarded only at the end of 5
years. Thus, the discards would be a better measure of
annual replacement requirements than depreciation. A similar illustration holds with respect to stocks of equipment in
use. In the example given, at the end of 4 years the 10
trucks would have a depreciated asset value of only one-fifth
of their original cost. The capital stock would be measured
as the equivalent of 2 new trucks by the depreciation approach, as contrasted with 10 trucks by the discard approach.
SURVEY OF CURRENT BUSINESS
June 1953
Thus, while in this example the discard approach somewhat
overstates effective capacity in the second period as compared
with the first, the error is considerably less than the relative
understatement of effective capacity suggested by a
measurement based upon the depreciation approach.
Business accounting data on depreciation and discards of
producers' durable equipment are not compiled on a comprehensive basis in the United States. In the present report
depreciation and discards were calculated by applying estimates of average useful life to data on purchases of producers'
durables. In calculating depreciation charges, the straight
line method was used. Both depreciation and discards were1
calculated in terms of original cost as well as in current prices.
Some of the limitations of the estimates which stem from
these procedures must be emphasized since they have an important bearing on the interpretation of the data.
Conversion to current dollars
Original cost is the usually accepted base for measuring
depreciation in accounting practice. However, other bases
are also useful in economic analysis. For instance, in estimating the portion of producer durable output that is for replacement purposes, it is more meaningful to value both depreciation and gross additions on the same cost basis; in this
study, current year cost is used. (By current year cost is
meant the cost actually prevailing during the year in question. In this study, for example, a current year cost was developed for each of the 11 years covered.)
Table 1.—Private Purchases of Producers' Durable Equipment,
1941-52 i
[Billions of dollars]
Type of equipment
Producers' durable
equipment, total
1941
1942 1943
6.6
4.0
1944 1945 1946 1947 1948 1949 1950 1951 1952
3.6
4.9
7.1 10.0 15.8 18.2 17.0 20.1 22.1
22.6
Machinery
3.4 2.5 2.2
Agricultural
machinery
and tractors. - .7 .4 .2
Other machin-
3.3
4.6
13.2
ery
2.7
Transportation
2.5
equipment
Motor vehicles. 1.9
Other transportation
.6
equipment
Other equipment. -_
.7
5.7
8 8 10.3
8 8 10.2 12.1
.6
.7
.6
1.2
1.8
1.9
2.0
2.3
2.3
2.1
?, 0
2.7
39
5.1
7 6
8 5
6 9
8?
9.8
10.9
1.0
.4
.9
.4
1.0
.5
1.6
1.1
3.1
2.4
5.2
4.2
6.1
4.9
6.7
5.4
8.1
7.1
7.8
6.5
7.1
5.8
.6
.5
.5
.5
.7
1.0
1.2
1.3
1.0
1.3
1.3
.5
.5
.6
.9
1.2
1.8
1.8
1.5
1.8
2.2
2.3
1. Revised estimates of producers' durables on a product basis and not yet incorporated in
the national income accounts. The series employs the Standard Industrial Classification of
November 1945. Capital outlays charged to current expense have been excluded from this
table.
Source: U. S. Department of Commerce, Office of Business Economics.
Adjustment of original cost depreciation to alternative
bases of valuation requires the use of price indexes. Of the
many problems that arise in connection with price deflation
1. The estimates of purchases rely heavily on data from the Census of Manufactures. The
principal source of useful life data was Bulletin F of the Bureau of Internal Revenue, which
gives the average life expectancies for specific items of equipment for guidance in calculating
depreciation charges for tax purposes. This source was supplemented by data from other
government agencies and local distributors of equipment. (In a few instances, the useful life
approach was not used. The principal exceptions were in railroad equipment where accounting data were used to a considerable extent.)
The estimates of useful life were applied to detailed Census of Manufactures data for selected
years to derive useful life distributions for about 50 different groups of equipment. The
distribution of life expectancy for each group was then applied to corresponding estimates
of purchases of equipment to calculate depreciation charges and discards.
Price indexes of the Bureau of Labor Statistics and of the Interstate Commerce Commission
relating to the various categories of producers' durable equipment, were the major source of
information for converting original cost depreciation and discards into current prices.
This price information was used also to express gross purchases, depreciation, and discards
of producers' durable equipment in constant dollars. This was necessary to derive the data
on the stocks of producers' durable equipment introduced later in the text. These data were
obtained by cumulating constant dollar purchases and deducting discards and, in the case of
net stocks, accrued depreciation charges. A statement explaining the methods underlying
the estimates is available on request.
The data on discards were developed in connection with exploratory work on replacement
requirements for the Department of the Air Force.
13
only one will be singled out for comment, as being particularly
relevant in the present connection.
Over the long run, price indexes tend to overstate effective
price increases and understate price decreases because they
do not take full account of the improvements in the quality
of the product the prices of which they measure. In the
instance of producers' durables, quality improvements are,
generally speaking, taken into account to the extent that
they are reflected in increased costs of producing the equipment; generally speaking, no account is taken of quality
improvements which are not reflected in increased costs.
Quality improvements are of particular importance in the
case of producers' durables, where technological progress is
especially prominent. Depreciation charges converted to a
current dollar basis tend therefore to be overstated; the
indicated amount of producers7 durable equipment that is
required for replacement purposes is too high; and the amount
representing net investment is too low. Even though the
present estimates cover only a decade, they are affected by
price movements that have occurred over a considerably
longer period because of the life span of producers' durable
equipment.
Straight line depreciation
Depreciation may be allocated by any of several methods.
In this study, the straight line method was used. Equipment,
for example, with a useful life of 5 years was depreciated
at the rate of 20 percent a year on its cost for 5 years.
The straight line method is perhaps the one most frequently
used in industry. Other methods are used to some extent.
In the service output method, the depreciation charge varies
with production. A third method employs a fixed rate of
depreciation on the net asset value of the equipment (i. e.,
original cost less accrued depreciation).
The straight-line method tends to underestimate the use
derived from equipment in its early years and overestimate
the use obtained in later years. In other words, new equipment tends to be used more than old equipment because it is
cheaper to operate. If depreciation is measured on a straightline basis in a stationary economy, these two factors offset
each other. But in an expanding economy the method
understates the rate at which productive services that are
embodied in the stock of capital equipment are being used up.
Average useful
life
Among the most serious limitations of the present estimates
is the assumption that had to be made regarding the average
useful life of the various types of producers' durable equipment. The only comprehensive information relating to this
subject that is now available is the average useful lives suggested by the Bureau of Internal Revenue (BIR) as a guide
for calculating depreciation for tax purposes; the present
estimates rely largely on this source. To the extent that the
BIR life periods depart from actual economic useful life the
estimates presented in this report must be qualified.
It is difficult to appraise the extent to which actual useful
life spans depart from the BIR averages and the direction of
the departures. A study of components of the transportation equipment group for which physical stock data were
available indicated that the actual life span exceeded the life
suggested by the BIR. Consequently, the BIR-based estimates of capital consumption for these types of equipment,
which are incorporated in this report, are too high as a
measure of economic use. (And the associated measures of
capital stock which will be introduced later are too low.)
It is felt, however, that this bias is not typical of producers'
SURVEY OF CURRENT BUSINESS
14
durable equipment as a whole because of special factors
present in transportation equipment.
Time pattern of discards
The foregoing discussion, relating primarily to depreciation, applies with at least equal force to the estimates of
discards. For discards, the allocation problem is more acute
because actual discards may differ widely from calculated
discards based on average life expectancy even though the
expectancies may be approximately correct.
The useful life estimates of the BIR are average life
expectancies for specific categories of equipment. The
actual useful life for specific units included in a given category
varies. In this study, the BIR averages were used in full
detail; however, no attempt was made to estimate dispersion
patterns around
each of the BIR averages. From preliminary tests it wrould appear that the statistical summaries for
depreciation are substantially the same for the average
method as for the dispersion method. The discard estimates, however, may differ appreciably in some years.
A much more important limitation of the discard estimates
stems from the fact that the estimating procedures underlying
this study could not make allowances for the well-known fact
that discards were postponed during the war period, when it
was difficult to replace equipment, into the post\var period
when new equipment again became available. For this
reason the discard estimates that were developed are used
Table 2.—Calculated Depreciation on Stock of Producers' Durables,
1942—52, at Current Cost and Original Cost
Depreciation
[Billions of dollars]
Year
At current
cost
1942 J
1943 1
19441.
19451
1946
1947
1948
1949
1950
1951
1952
.
._-
At original
cost
Ratio of
current to
original cost
5.2
5.4
5.8
6.2
4.5
4.6
5.0
5.5
1.16
1.17
1.16
1.13
5.0
6.4
8.3
10.1
11.9
4.2
5.1
6.6
8.2
10.0
1.19
1.25
1.26
1.23
1.19
14.7
16.5
11.9
13.6
1.24
1.21
1. Includes for the war period a total of about $3 billions of emergency amortization spread
over the 4-year period.
Source: U. S. Department of Commerce, Office of Business Economics.
only for the war and postwar years combined, on the assumption that the abnormal movements cancelled out over the
period as a whole. This assumption is consistent with the
data relating to the transportation equipment group to which
reference has been made.
Depreciation at original and current cost
The depreciation charge to expense is an allowance for the
wearing out of assets during the accounting period. If prices
are stable, it not only spreads the original cost of the asset
over its useful life but also provides a measure of the funds
required to maintain the real value of capital, subject to the
limitations of the straight line method already noted. In
times of price advance, the depreciation charge on an original
cost basis performs only the first function; its reinvestment
will not be sufficient to maintain the real net asset value or
stock of future service life of equipment.
The difference between depreciation at original cost and
depreciation at current cost is in the nature of a depreciation
June 1953
valuation adjustment. This valuation adjustment, when
added to depreciation at original cost, provides an estimate
of depreciation on a current replacement cost basis. The
depreciation valuation adjustment would in principle be a
desirable addition to national income accounting. Lack of
comprehensive data for a sufficiently long period as well as
a desire to explore further the problem of quality change and
the other problems ir estimating depreciation that have been
noted, have prevented its introduction thus far.
Producers7 Durable Equipment
Depreciation and Discards
i<atio of Current to Original Cost
RATI 0
2.0
1.8
L
,'^
—y
S~"~
1.6
1.4
—
/
—
/
1.2
i i i i i i i i i i
1.0
1942
43
44
45
46
47
48
49
50
51
52
U. S. DE
Subject to the earlier qualifications with respect to quality
improvement, average lives, and use of straight line depreciation, table 2 shows that depreciation of producers' durables on a current cost basis has exceeded depreciation on
an original cost basis by about 20 to 25 percent during the
postwar period. At first glance, this difference may appear
small in view of the sharp increases in the price indexes
during the postwar period. Two points should be mentioned
in this connection. First, and most important, is the fact
that the postwar base on which depreciation is computed contains substantial amounts of equipment purchased at the
higher postwar prices.
Secondly, the depreciation charges shown here are composite averages for all equipment. For equipment depreciated over a relatively long period, the ratio of current cost
to original cost will be higher than the average; for equipment depreciated over a relatively short period of life the
ratio will be lower.
For the war years 1942-45, the current cost basis of depreciation exceeded original cost by about 15 percent. The
war year ratios reflect the effects of the price increases which
occurred between 1932 and the beginning of the war.
Gross purchases and depreciation
Depreciation on producers7 durables in use when compared
with purchases of producers' durables provides a measure of
the portion of new equipment which is for replacement. In
current costs, about 60 percent of postwar purchases of
SUKVEY OF CURRENT BUSINESS
June 11)53
producers' durables was for replacement of service life used
up during the year. As can be seen from the following table,
the postwar replacement ratio was lowest in 1947, and has
risen to almost three-quarters of gross purchases in the past
year.
During the war years, use exceeded replacement for
privately owned producers' durables. Service life used up
during the years 1942-44 was about 30 percent in excess of
purchases for the same years. Inclusion of government
purchases would, of course, greatly change the wartime
picture, since a large part of government financed purchases
of equipment during World War II were owned by the
Government. Subsequently, a considerable part of the
government owned equipment was sold to private companies
and thus eventually became a part of privately owned
equipment.
Measured in terms of current dollars, about two-thirds of
purchases were for replacement
of service life used up during
the period 1942-52.2 It may be of some interest to compare
this overall ratio with a similar ratio of original cost depreciation to current dollar purchases. The original cost ratio
for the 11-year period is substantially lower—55 percent.
15
that discards of equipment were postponed during the war,
when it was difficult to replace equipment, into the postwar
period, when new equipment again became available. Hence
the dollar discard figures are given only for the period
1942-52 as a whole.
Private Producers' Durable
Equipment
Purchases, Depreciation, and Discards,
1942 through 1952
BILLIONS OF DOLLARS
150
125
AT CURRENT COST*
100
Discards at original and current cost
AT ORIGINAL COST
The ratio of discards valued at current cost to the same
discards valued at original cost is shown by the upper line
of the second chart. This ratio provides a comparison of
75
50
Table 3.—Producers' Durables: Purchases and Calculated Depreciation on Stocks of Producers' Durables, at Current Cost, 1942-52
25
Billions of dollars
Year
Depreciation
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
-
_ _
..
_ -_
_ .
_ _
.
.
-
.
...
Purchases
Ratio of depreciation to
purchases of
producers'
durables
5.2
5.4
5.8
6.2
4.0
3.6
4.9
7.1
1.30
1.50
1.18
.87
5.0
6.4
8.3
10.1
11.9
10.0
15.8
18.2
17.0
20.1
.50
.41
.46
.59
.59
14.7
16.5
22.1
22.6
.67
.73
Source: U. S. Department of Commerce, Office of Business Economics.
the current cost of replacing worn-out equipment with its
original cost. The excess cost of replacing equipment rose
steadily after 1945, from about 20 percent over original cost
in 1946 to more than 80 percent over original cost in 1951.
In 1952 the ratio of current to original cost declined somewhat.
It will be noted from the chart that the cost ratios for
discards are substantially higher than the similar cost ratios
for depreciation. The original cost discards relate to the
cost of equipment at time of purchase. The life span of
producers' durables varies considerably; the average life span
is about 15 years. The depreciation estimates, on the other
hand, are based on the cost of the full stock of equipment in
use and thus include large amounts of equipment purchased
in the postwar period at rising prices.
0L
TOTAL
PURCHASES
CALCULATED
DEPRECIATION
ON STOCKS
CALCULATED
DISCARDS FROM
STOCKS
*AT COST PREVAILING IN EACH OF THE II YEARS
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
53-92
It is estimated that during the period 1942-52 total discards of producers' durable equipment were about $67 billion
in current dollars. During the same period, purchases of
producers' durables totaled $145 billion. Thus, about 46
percent or somewhat less than one-half of new purchases of
producers' 3 durables was for replacement of discarded
equipment.
It may be of interest to note that if the comparison with
purchases had been made using discards at original cost instead of current cost, a substantially different result would be
obtained. As can be seen from the third chart, discards
valued at original cost are only about two-thirds of their
value in current dollars.
Gross purchases, depreciation, and discards
As has already been explained, the statistical method
underlying this report does not lend itself to estimates of
discards on an annual basis which take account of the fact
In this chart the salient points developed so far are summarized. The chart indicates that in a period of rising
prices such as has prevailed in the United States over a relatively long period, measures of capital consumption expressed in terms of original cost fall short of corresponding
measures expressed in terms of current replacement cost by use
of available price indexes. The extent of the divergence is
much larger for discards than for depreciation. The difference between original and current cost discards reflects the
full price rise that has occurred over the average life time of
the equipment that expires. The difference between original cost and current cost depreciation charges is much
2. The ratio is practically the same when both purchases and depreciation for the period
as a whole are put on a common constant price basis.
3. The ratio is practically the same when both purchases and discards for the period as a
whole are put on a common constant price basis.
Gross purchases and discards
SURVEY OF CURRENT BUSINESS
16
smaller, because it includes depreciation not only on expiring equipment, but on all types of equipment in use,
including recently purchased equipment.
The chart also shows that the measures of depreciation
have exceeded considerably the corresponding measures of
discards in the period 1942-52. This is the result of the large
capital expansion that has occurred during the period. When
a new piece of equipment is added to the capital stock a pro
rata addition is made to annual depreciation charges, but
discards are increased only at a future point of time, the distance of which depends on the lifetime of the new piece of
equipment. As a consequence, in a period of expansion in
the stock of capital, annual depreciation charges will exceed
annual discards.
June 1953
and is therefore particularly relevant to cost, income, and
real wealth problems.
Changes in Stocks
By expressing purchases and calculated discards in terms
of constant (1947) dollars and deducting cumulative discards
from cumulative purchases, it was possible to calculate
year-end figures of the physical volume of gross stocks of
producers' durable equipment. Corresponding figures on
net stocks were calculated by deducting accrued depreciation
from gross stocks, also expressed in constant dollars.
Gross and net stocks
Percent Increase in Private
Stocks of Producers7
Durables
End of 1941 to End of 1952
(MEASURED IN CONSTANT (1947) DOLLARS)
0
PERCENT INCREASE
50
100
I
150
I
GROSS STOCKS
TOTAL
Indexes based upon these estimates are presented in the
following tabulation for the years 1941 and 1952, together
with an index of the physical volume of production arising
in the private economy.4
The limitations of the estimates mentioned in the earlier
discussion of depreciation and discards apply with perhaps
more force to the estimates of capital stocks.
As can be seen from table 4 gross physical stocks of producers' durable equipment (expressed in constant 1947 prices)
rose by more than four-fifths from 1941 to 1952. Over the
same period net stocks more than doubled.
The larger increase of net stocks (implying a higher ratio
of net stocks to gross stocks) is due to the fact that as a
result of the high volume of postwar investment the average
age of the capital stock was lower in 1952 than in 1941.
NET
STOCKS
NONAGRIGULTURAL
MACHINERY
Table 4. Indexes of Stocks of Producers' Durable Equipment, and
of Private Gross Product in Constant (1947) Dollars, 1941 and
1952
1941
AGRICULTURAL
MACHINERY 8
TRACTORS
Gross stocks, end of year
Net stocks, end of year
Private gross protLict
100
100
100
1952
186
210
147
Source: U. S. Department of Commerce, Office of Business Economics.
MOTOR VEHICLES
OTHER TRANSPORTATION EQUIPMENT
OTHER EQUIPMENT
U. S. DEPARTMENT
OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
It is interesting to note that because of this latter factor
original cost depreciation was more than sufficient to cover
the current cost of replacing equipment discarded during the
period. On the other hand, original cost depreciation fell
short of depreciation at current cost and thus by itself would
have been insufficient to maintain the future service life of
equipment as calculated in this report. Each of these comparisons has its own significance. The comparison of original
cost depreciation and current cost discards indicates the
extent to which current replacements might be met by
depreciation charges and is especially relevant to problems of
capacity. The comparison of original and current cost
depreciation focuses on the current cost of using equipment
The detail underlying the estimates indicates that equipment of an average age of up to 5 years, which had constituted less than two-fifths of the stock in the prewar year
accounted for about one-half of it in 1952. Equipment of
an average age of 5 to 10 years, which had constituted about
15 percent of the stock in 1941, accounted for about 20
percent of the total in the later year. Offsetting shifts
occurred in the relative importance of equipment of an age
of 10 years or more.
These changes in the age distribution were due mainly to
the fact that a large volume of new investment has decreased
the average age of most major types of equipment in stock;
changes in the relative importance of equipment of various
average life times had little influence on the results.
Stock of equipment and national product
When gross stocks of producers' durable equipment are
related to the volume of production originating in the private
economy, it appears that the ratio of capital equipment to
output was higher in 1952 than it was in 1941. The absolute
4. This total, private gross product, is defined as gross national product less the compensation of Government employees. Government employees' compensation, which measures the
Government's contribution to gross national product, is excluded because the data on producers' durable equipment are restricted to the private economy.
(Continued on page 24)
by H. D. Osborne
Rental Income and Outlayin the United States, 1929-52
INFORMATION now becoming available from the 1950 Census of
Housing and from a number of special field investigations casts
much new light on the operating experience of landlords and of
home owners in the United States.
These data permit for the first time a detailed analysis of the
structure of the rental market in the framework of the national
income and product accounts.
Home ownership and realty rentals enter these accounts at two
points. The "space rental value" of housing is an item of personal
consumption expenditure and is included in the gross national
product; and the net rental income of persons is a distributive share
of the national income.
J[ HE net rental income of persons has risen 85 percent since
1929. It has not kept pace with the overall increase in
prices and expansion in economic activity between 1929,
when it made up 6 percent of the national income, and 1952,
when it accounted for 3 percent. Since 1938 it has fluctuated between 3 and 4 percent. It is not yet possible to determine how much of this decline in the importance of the rent
share is temporary and how much is relatively permanent.
The present low vacancy rates and high construction activity
suggest that rents are not yet at the peak of their cycle,
and the depressive effect of residential rent controls also
obscures the meaning of comparisons between 1952 and 1929.
Net rental income of persons is the income share which
accrues from direct personal ownership of real estate,
patents and copyrights. Individuals own a very substantial
part, perhaps more than three-fifths, of all rental realty
in the United States; the net rent share covers the income
from these holdings. In addition, it includes allowances
for the net return from home ownership and from royalty
rights owned by persons (table 1). Owner-occupied nonfarm
homes account currently for 42 percent of the total; rented
nonfarm homes, for 20 percent; farm property, for 13
percent; and royalty rights and business and industrial
real estate, for 25 percent.
expanded construction activity. The special factor of
residential rent control has limited their rise during the
past decade.
Landlords' expenses, largely fixed by advance commitments, have followed a similar course. Net rents have accordingly shown a delayed response to major changes in
general business activity, being relatively depressed in 193337 and rising less rapidly from 1938 to 1944 than did the
national income total. They have been comparatively little
affected by short-period fluctuations, and consequently have
risen as a percentage of national income in such years as 1938,
1946, and 1949.
The net return from all real property held for use or lease
by business enterprises is included in other income shares—
corporate profits and net income of unincorporated enterprises. Personal landlords' operations differ from those of
real estate businesses in several respects. Personal holdings
Net rent is a smaller share of the
national income than before
the depression
RATIO TO NATIONAL INCOME (RATIO SCALE)
40
30 -
GROSS RENTAL RECEIPTS
Operating experience
The response of both dwelling and nondwelling gross rentals
to changes in the overall level of business activity has
generally been delayed by the prevalence of comparatively
long-term rent agreements and, on the upturn, by the existence of a backlog of vacancies. The results are apparent
in the movements shown in the upper curve of the chart
for 1929-32 and 1937-38, when gross rentals rose as a
percentage of national income, as well as in the declining
percentages indicated for the recovery years of 1933-36
and 1939-42. Rents have increased faster than the national
income in the postwar period of low vacancy rates and
NOTE.—MR. OSBORNE IS A MEMBER OF THE NATIONAL INCOME DIVISION, OFFICE OF BUSINESS ECONOMICS. MR. KURT LATZKO ASSISTED
IN PREPARING THE ESTIMATES.
254680°—53
3
1930
U. S. DEPARTMENT
1935
1940
1945
1950
OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
of real estate are heavily concentrated in residential property,
whereas nonresidential realty has a larger weight in the
holdings of business enterprises. Furthermore, the level
and pattern of expenses incurred by personal investors differ
greatly from those of business enterprise lessors. Available
data suggest that the net rental income of the latter has
17
SURVEY OF CURRENT BUSINESS
18
varied much more widely since 1929 than has the net rental
income of persons.
Housing
The total space rental value of nonfarm homes has increased greatly in the past two decades, and its rise has been
especially rapid in the postwar years. The estimate for 1952
is more than twice the 1929 figure. However, total consumer
expenditures have nearly tripled since 1929. Statistics
(see chart) therefore bear out the common observation that
until recently shelter cost has been declining as a percentage
of the household budget.
Table 1.—Net Rental Income of Persons, by Type of Property,
1929-52
[Values in billions of dollars]
Total
Amount
Percent of
national
income
From
rental
housing
From
owneroccupied
homes
From
farms
From
other
property
1929
5.42
6.2
1.19
2.46
0.48
1.30
1930
1931
1932
1933
1934-
4.78
3.76
2.71
1.97
1.69
6.4
6.4
6.5
5.0
3.5
1.11
.95
.69
.43
.25
2.16
1.80
1.32
.92
.71
.31
.12
.04
.14
.21
1.20
.89
.66
.48
.52
1935
1936
1937
1938
1939
1.66
1.78
2.08
2.56
2.74
2.9
2.7
2.8
3.8
3.8
.20
.24
.36
.54
.55
.71
.80
.97
1.18
1.26
.30
.34
.33
.30
.34
.45
.39
.41
.55
.59
2. 88
3.46
4.55
5.10
5.41
3.6
3.3
3.3
3.0
2.9
.55
.66
.97
1.04
1.06
1.30
1.52
1.87
2.17
2.45
.35
.57
.83
.96
.99
.69
.71
.88
.93
.91
1945
1946
19471948
1949
5.63
6.21
6.51
7.20
7.87
3.1
3.4
3.3
3.2
3.6
1.03
1.14
1.24
1.51
1.74
2.58
2.33
2.14
2.44
2.98
1.02
1.33
1.37
1.27
1.02
1.00
1.41
1.76
1.98
2. 14
1950
1951
1952
8.47
9.09
10.04
3.5
3.3
3.5
1.80
1.83
2.02
3.38
3.72
4.25
1.09
1.21
1.27
2.20
2.34
2.49
19401941
1942
1943
1944 .
--
Source: U. S. Department of Commerce, Office of Business Economics.
The space rental value of housing is a measure of the shelter
provided by owner-occupied and rented homes. It does not
include the value of facility and utility services—furniture,
heat, water, etc.—such as landlords sometimes provide and
pay for out of their rentals.
Rental Housing
Total space rent for rented nonfarm dwellings has varied from
$4.4 billion in 1929 downward
to $3.1 billion in 1934-35 and up
to $8.0 billion in 1952.1 As shown in table 2, page 20, space
rent recovered slowly from the depression of the nineteenthirties and was stable or declining in the war period. Despite a comparatively rapid advance since 1947, therefore, as
a percentage of total personal consumption expenditures it is
still well below 1929 and only about half what it was in 1932.
These changes in the percentage have been due in considerable part to the lag of rental rates behind the general average
of consumer prices, in the depression as well as during the
period of rent control. Also important for the period since
1940, however, has been the shift away from renting to owneroccupancy of homes, as reflected in the total number of dwelling units rented.
1. The statistics on space rent given below apply to nonfarm dwellings only. They include
the rental value of nonfarm living accommodations provided free, as by employers. The
rental value of farm homes, transient hotels and tourist cabins, and quarters in clubs, schools,
and institutions is also part of personal consumption expenditure for housing, but is not considered in this connection in the present report.
June 1953
The average nonfarm renter household paid about $430,
or $35 a month, for shelter in 1952, more than half again as
much as in 1945. The average was only 22 percent above
1929, however, whereas the general average of all consumer
prices in 1952 was 55 percent above 1929 (see chart on p. 20).
Changes in the number of rented dwellings have come
about in several ways. The long-run trend is upward: demand has increased with the formation of new households as
population has grown; and the supply has expanded through
new construction as well as through the conversion of individual structures to provide homes for more tenants. Marked
fluctuations around the trend have occurred, however, as
families have shifted between owner and renter status.
It appears from census reports that about one-third of the
stock of rental housing is in one-family structures, which are
about equally well adapted to owner-occupancy. Many such
houses became available for rent during the depression years
of the nineteen-thirties, their former owner-occupants moving
to rented quarters as a matter of financial necessity. A substantial number of inexpensive new rental dwellings were also
made available by conversion of existing structures to accommodate more families. The total number of rented nonfarm
homes thus increased steadily during the depression period.
It continued to rise thereafter, with new construction adding
to the supply and new family formation to the demand,
until the war.
During the war years, expanding consumer incomes permitted a reversal of the tenure shift which had occurred during the depression. Many houses which had been rented
were sold for owner-occupancy. The total number of rented
dwellings accordingly declined nearly 1.3 million between
1942 and 1946.
This drop occurred because purchasers for owneroccupancy were outbidding prospective renters. Personal
income was high and rising, housing was in short supply and
new construction was restricted by materials shortages.
Under these conditions, the limited stock of existing onefamily detached houses apparently more than doubled in
market value between 1940 and 1947. Rental rates for
existing units, naturally less volatile and further stabilized
by controls,
increased less than 10 percent in the same
period.2
Between 1945 and 1950, the number of rented nonfarm
dwellings resumed the upward trend halted by the war. The
shift to owner-occupancy tapered off, and the supply of new
rental units expanded as construction revived and conversions were stimulated by decontrol. In spite of these
additions to the rental stock, however, nonseasonal vacancies
available for rent were scarcely more numerous in 1950 than
in 1945. Data for 1951 and 1952 are rather fragmentary
but suggest that the number of rented dwellings has continued to rise moderately and that vacancy rates have
continued low.
Incidental services
The changes in contract rent have approximately paralleled those described above for space rent. The latter
declined a little more sharply in the 1930's, since the cost of
shelter fell more than the cost of facilities and utilities, and
rose a little less in 1940-45, when the inclusion of incidental
services in contract rent became more prevalent.
Of the facility and utility services provided by landlords,
the most important in aggregate value are heat, furniture and
furnishings, and water. These three together account for
nearly two-thirds of the estimated total. Other such costs
SURVEY OF CURRENT BUSINESS
June 1953
include electricity, refrigerators, cookstoves and gas for
cooking.3
In 1940 these facility and utility charges amounted to less
^han 16 percent of contract rent. By 1945 they had risen to
iiearly 20 percent of rent. Since that time, their ratio to
rent has not changed much. During the postwar period
their dollar increase has been due largely to rising prices,
whereas the 1940-45 advance reflected the apparent increase
in the proportion of tenancy agreements providing for
incidental services in addition to shelter.
There were several reasons for the latter development.
Perhaps the most obvious is the increased proportion of
multifamily units in the total rental stock. One-family
detached houses are commonly rented unfurnished and with
utility costs to be paid by the tenant; apartments, by contrast, are often rented with heat, light, water, cookstove, and
sometimes other equipment provided by the landlord. Most
The ratio of shelter cost to total
consumer expenditures has risen
since the war, but is still lower
than in the nineteen-thirties
PERCENT
20
RATIO OF NONFARM SPACE RENT* TO
PERSONAL CONSUMPTION EXPENDITURES
15
10
1930
1935
1940
1945
1950
* INCLUDING THE RENTAL VALUE OF OWNED HOMES
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
of the dwellings which entered the rental market during the
war were apparently in multifamily structures, and most of
the dwellings withdrawn for owner occupancy seem to have
been in one-family houses.
Costs
The cost of providing these incidental services in 1952
was about one-fourth of the total expense incurred by rental
housing landlords. The remaining three-fourths are detailed
in table 3, page 21. They consist chiefly of contractual
and other fixed charges—taxes, depreciation, interest, and
insurance.
Total basic costs to landlords declined from 1941 through
1945, but have been rising steeply since 1946 and stood last
year nearly 60 percent above the prewar peak. The average
per dwelling unit was stable during the war, apart from a
3. Estimates of the cost to landlords for the use of the consumer durables mentioned are
calculated on an accrual basis, to represent upkeep plus amortization of the original cost of
the current stock, since it is assumed that they affect contract rent in this form.
19
decline in vacancy expense, as interest charges were sharply
reduced while taxes and miscellaneous costs rose. Since
1945 there has been a substantial increase in the average per
dwelling for almost every cost item.
Over the period since 1929, changes in the size and pattern
of costs per dwelling suggest a close connection with long-term
fluctuations in building activity. After the peak in the
1920's, equities were relatively small and the interest burden
correspondingly heavy, while depreciation and taxes as well
as debt reflected the comparatively high prices at which
much of the outstanding investment in housing had been
made. Even under heavy economic pressure, these major
elements in the cost structure could not be reduced quickly.
However, despite the wave of new building which has
occurred in recent years, the current pattern of landlords'
fixed expenses still differs markedly from that of 1929.
Interest last year took only 9 cents per dollar of space rent
as compared to 19 cents in 1929; rents having increased,
depreciation as measured
here took only 12 cents as against
15 cents in 1929.4
Since expenses on vacant units must be paid out of revenue
from units occupied, the cost averages per rented unit cited
in this report include allocated portions of such vacancy
expense. The total expense so allocated moved from $27
per rented unit in 1931 down to $14 in 1941, or from 9 cents
to 5 cents per dollar of space rent. It was about $16 per
unit or 4 cents per dollar of rent last year, the effect of high
prices on it being partly offset by the low vacancy rate and
relatively small outlays by landlords for maintenance.
The average annual tax bill on nonfarm rental housing is
estimated to have been about $60 per rented unit at the
end of the war and about $90 last year. The 1952 tax total
of $1.7 billion took approximately 17 cents per dollar of
contract rent, a fraction which has not varied much since
1929 except for a temporary rise in the 1930's. Underlying
these averages are wide differences among individual properties and localities, due largely to differences in rental values
and in local fiscal systems.
Expenditure for maintenance and repair of rental housing
in 1952 is estimated at about $1.3 billion. This represents
an average of $67 per rented dwelling unit, or about 13 cents
per dollar of contract rent. The wartime average was less
than $40 per unit, but the indicated postwar increase seems
to have been largely a reflection of price advances. A crude
adjustment for price change suggests that in real terms the
1952 average per unit may have been around 10 percent
above 1945.
Total depreciation on nonfarm rental housing in 1952 is
estimated at about $1 billion, or $52 per rented dwelling.
The calculation is based on historical construction cost,
rather than on replacement cost or on investment by current
owners, and assumes an average useful life of a little under
fifty years. Computed in this way, the average cost per
rented unit has not fluctuated much since 1929, except for a
temporary decrease during the war as low-cost dwellings were
added to the rental stock by conversion.
The 1952 figure of $0.7 billion shown in table 3 for interest
cost on nonfarm rental housing represents an average of $40
per rented dwelling unit, or about 7 cents per dollar of contract rent. Average debt outstanding during the year is
estimated at $16.8 billion, bearing a mean rate of about 4K
percent.
Debt per rented unit declined slowly from 1929 until 1939,
and dropped more rapidly during the war. It did not begin to
increase again until 1947, and last year was still nearly 20
4. The estimates for a number of the individual expense items considered below, as well as
those for utility costs included in rent, are based in part on preliminary tabulations from new
studies by the Bureau of the Census and the Bureau of Labor Statistics. Two investigations
particularly important in this connection are the Survey of Residential Financing made as part
of the 1950 decennial Census and the Survey of Consumer Expenditures conducted a year later
by the Bureau of Labor Statistics in 91 cities and towns throughout the country.
SURVEY OF CURKENT BUSINESS
20
percent below 1929. The average rate of interest paid rose
slightly between 1929 and 1933. Since 1933 the rate has
drifted downward, as old obligations were refinanced, and
debt on new construction incurred at the lower prevailing
rates came to account for a significant part of the total. This
decline seems to have continued through the 1940's.
Miscellaneous expenses shown in table 3 amounted last
year to slightly under $1 billion, or an average of about $50
per rented dwelling, and took about 10 cents of the contract
rent dollar. Among the principal items included in this
category are insurance, service payrolls, and legal and
administrative costs.
Net rent
The estimates of landlords7 net return from rental housing
are derived by subtracting all the foregoing expenses from
contract rent. The averages for rent and for the various
individual items of expense have generally been checked with
collateral source materials. Moreover, for the most part the
expense items are estimated independently of each other so
that any under- or over-statements in them are likely to be
mutually offsetting. Finally, most of the individual series
are comparatively stable by nature, so that errors in evaluating their short-run movements should be small. Nevertheless, no estimate derived as a relatively small difference
between two large totals known to be inexact can itself be
regarded as anything more7 than a very rough approximation,
and estimates of landlords net return must be considered in
this light.
Table 2.—Rental Housing: Operating Experience, 1929-52
June 1953
Personal landlords
Of the total net return of $2.4 billion derived from rental
housing in 1952, about $2.0 billion is estimated to have gona
to persons and the rest to business enterprises. Most of the
stock of rental housing is in small or medium-sized structures—which are typically acquired in the first instance for
owner-occupancy; and even larger properties, up to 20
dwelling units or more, are held in many cases as personal
investments. About three-fourths of all rental units are in
buildings housing 1 to 4 families, nearly one-third being in
1-family detached houses.
Rental rates declined more after
1929, and have recovered less,
than other consumer prices
INDEX, 1939 = 100
250
200
CONSUMER PRICES
(ALL
ITEMS)
150
100
[Value totals in billions of dollars]
Average
number
of
rented
dwellings1
[thousands]
Contract
rent
Space rent
Facility
and
utility
Average
costs
per
to
Total dwelling
land[dollars]
lords
AVERAGE SPACE RENT
PER DWELLING
Net rent
Other
costs to
landlords 2
*nl
Total
To
persons
U. S. DEPARTMENT
1929
12, 506
4.86
0.46
4.39
351
3.28
1.12
1.19
1930
1931
1932
1933
1934
12, 914
13, 284
13, 573
13, 858
14, 241
4.78
4.59
4.16
3.75
3.65
.48
.48
.48
.52
.56
4.30
4.11
3.68
3.23
3.08
333
310
271
233
216
3.34
3.32
3.14
2.97
2.99
.96
.80
.54
.26
.09
1.11
.95
.69
.43
.25
1935
1936
1937
1938
1939
14, 619
14, 976
15, 332
15, 693
16, 108
3.74
3.93
4.21
4.46
4.62
.62
.65
.67
.69
.73
3.12
3.28
3.54
3.77
3.89
213
219
231
240
242
3.06
3.14
3.24
3.26
3.34
.06
.14
.30
.51
.55
.20
.24
.36
.54
.55
16, 498
16, 872
17, 098
17, 007
16, 643
4.80
5.12
5.44
5.54
5.56
.75
.80
.88
.98
1.03
4.05
4.32
4.56
4.56
4.53
245
256
267
268
272
3.51
3.62
3.52
3.40
3.30
.54
.70
1.04
1.16
1.23
.55
.66
.97
1.04
1.06
1945
1946
1947
1948
1949
16, 071
15, 745
15, 994
16, 581
17, 325
5.43
5.59
6.10
6.89
7.66
1.05
1.05
1.20
1.37
1.47
4.37
4.54
4.90
5.52
6.20
272
288
306
333
358
3.16
3.22
3.44
3.80
4.22
1.22
1.32
1.45
1.72
1.98
1.03
1.14
1.24
1.51
1.74
1950
1951
1952
17, 959
18, 428
18, 853
8.46
9.18
9.98
1.63
1.84
1.94
6.83
7.34
8.04
380
398
427
4.74
5.19
5.66
2.09
2.15
2.39
1.82
1.83
2.02
1940
1941
1942
1943
1944
_
___
__
._
1. Including units held for absent households.
2. Including costs incurred on vacant rental units.
Source: U. S. Department of Commerce, Office of Business Economics.
Net rent per rented dwelling last year is estimated at $125,
or 24 cents per dollar of contract rent. The average per unit
had about doubled over the previous decade, having increased moderately during the war period and sharply from
1947 to 1949. In cents per dollar of contract rent, net return
last year was still only slightly above 1929.
M i l l i i I I
1930
1935
I II
1940
OF COMMERCE, OFFICE
I I I I I I II
1945
OF BUSINESS
I I
1950
ECONOMICS
Personal landlords seem to have fared better than nonpersonal landlords during most of the period covered by
table 2. Statistics for real-estate corporations suggest that
these enterprises as a group entered the depression holding
many high-priced, heavily mortgaged properties equipped"
to provide tenants with facility and utility services. In these
cases there was little or no margin of safety: when contract
rental income fell even moderately below expectations, net
deficits appeared. Expenses on personal holdings of rental
real estate—particularly interest—were smaller in relation
to contract rent, so that the decline in gross income reduced
the net return on these but did not wipe it out. The relative
cost position of business landlords is currently far better
than in most of the earlier years covered by the present study.
Home Ownership
Whether a given dwelling is owner-occupied or rented, it
provides the same shelter, and in either case the same allowances should be made for its rental value in measuring the
national income and product. This aspect of ownership is^
analyzed in table 4, page 22. Space rental value is imputed at
the rental-market price of the shelter provided, and the basic
costs of home ownership are deducted to determine net
rental value.
In the nature of the case, these imputed values can only
be regarded as more or less reasonable allowances made in
the national income statistics for the value of services which
June 1953
SURVEY OF CURRENT BUSINESS
are known to5 exist but do not lend themselves to exact
measurement.
The aggregate rental value of owner-occupied homes has
increased in every year since 1934-35, and passed its 1929
peak in 1944. Its recovery was considerably less rapid than
that of rental housing until 1942, but much sharper thereafter. Part of this rise was due to the recovery of rental
rates. Much of it was due to the increase in the number of
owned homes, which was gradual before the war and accelerated thereafter.
From 1930 to 1933 home ownership actually declined in the
United States. It then turned upward, and rose at an accelerating pace through the recovery and war years as incomes expanded, credit conditions eased, and liquid assets
accumulated in the hands of consumers. The shortage of
rental housing was a major factor in the wartime increase.
Since 1945 the rate of rise has gradually lessened.
Costs
Nonfarm homeowners paid an estimated $3 billion in real
estate taxes on their homes last year, an average of $137 per
occupied dwelling. The average declined irregularly from
about $90 in 1929 and the early depression years to $70 in
1942. It was stable during the war period, and since has
been rising sharply with the increase in property values.
Taxes on owned nonfarm homes now make up more than
one-third of all State and local property taxes on homes,
farms, and other realty. In 1946 they accounted for about
one-fourth of the total; and in 1941 for about one-fifth.
Maintenance and repair outlays by homeowners last year
amounted to a total of around $2.7 billion, or $123 per occupied dwelling, according to estimates based on recent sample
surveys.6 The average has declined somewhat since 1948,
when it reached nearly $140 as needs accumulated during the
war years were met at rising prices. Its subsequent decrease
reflects in part the addition of many newly built units requiring little expenditure for this purpose.
Average maintenance and repair outlays by homeowners
in the postwar period have been well over twice as high as in
any war or prewar year covered by table 4. Much of the
rise is undoubtedly due to price increases, although the effects
of these cannot be satisfactorily measured with the existing
data. It is safe to say, however, that even in real terms the
average per owner-occupied dwelling since 1946 has been
higher than in 1929.
The estimates for depreciation represent an allowance
amounting to about two percent of actual construction cost.
On this basis, total depreciation on owned homes last year is
estimated at $2 billion, or just over $90 per occupied dwelling
unit. The average has risen sharply since the war, as new
homes built at comparatively high cost have been added to
the housing stock. Previously it had shown little change
from the 1929 figure of about $70; in 1947 it was still only $72.
The significance of these averages from the standpoint of
the individual homeowner is limited in two respects. First,
such a homeowner must calculate depreciation on the amount
he himself has invested (including any mortgage loan funds
used to buy or improve the property). In a period of rising
prices and much turnover of real estate, investment may be
well above construction
cost, and aggregate depreciation
from the owners7 viewpoint will then be considerably higher
5. Statistically, the estimates of average space rental value are based on owners' appraisals
i at the 1940 Census of Housing and on the year-to-year movement of average rents actually
charged for rental housing. Adjustments are made to allow for the somewhat different
movement of urban as compared to rural rents, and for certain types of change in the composition by rent level of the owner-occupied as compared to the rental stock.
No adjustment has been made for the increase after 1940 in the proportion of rental agreements providing for incidental services. The available evidence suggests that the advance
in overall average contract rent associated with this increase was very nearly matched by an
advance in the space rental value of rented one-family houses.
6. The distinction between maintenance and repair outlays on the one hand and investment
in additions and alterations, on the other, is difficult to make in practice. Estimates of either
therefore vary according to the convention adopted in drawing the line between them.
21
than the estimates presented here. Secondly, house prices
fluctuate widely, so that the depreciation cost incurred by
any individual homeowner may be offset to some extent by
a capital gain in monetary and even in real terms.
Interest charges on owned nonfarm homes amounted to
about $2.1 billion last year, or $96 per occupied dwelling.
This average was about 75 percent above the wartime figure,
the increase having been largely due to the wave of creditfinanced home buying at rising prices after 1947. It compares with a 1929-31 average of about $90.
Homeowners' mortgage debt dropped nearly one-fourth
between 1929 and 1938. It then turned upward, rising more
and more rapidly with the increase in the number of owned
homes, so that by the end of the war a 40 percent expansion
had carried it well above 1929. After the war its growth
was further accelerated as new houses came on the market,
and the 1952 figure was nearly three times that of 1945.
The average interest rate on such debt, which had stood
above 6 percent until nearly the end of the 1930's, declined
considerably thereafter. By the end of the war it is estimated to have reached 5 percent. In the postwar period it
Table 3.—Rental Housing: Basic Costs to Landlords, 1929-521
[Billions of dollars]
Year
Total
Taxes
Maintenance and
repair
Depreciation
Interest
Insurance
and miscellaneous
1929
3 28
0 84
0 67
0 64
0 82
0.30
1930
1931
1932
1933
1934 _ .
3.34
3.32
3.14
2.97
2.99
.90
.90
.87
.77
.78
.61
.53
.42
.41
.47
.67
.69
.70
.70
.71
.85
.87
.84
.79
.74
.30
.32
.30
.30
.29
3.06
3.14
3.24
3.26
3.34
.81
.80
.83
.87
.87
.52
.61
.67
.62
.68
.71
.72
.75
.77
.80
.71
.69
.68
.67
.66
.30
.31
.32
.33
.34
1940
1941
1942
1943
1944
3.51
3.62
3.52
3.40
3.30
.92
.93
.94
.96
.97
.74
.79
.70
.63
.63
.83
.86
.86
.84
.80
.67
.68
.64
.56
.49
.35
.37
.38
.40
.41
1945
1946
1947 _..
1948
1949
3.16
3.22
3.44
3.80
4.22
.96
.97
1.04
1.15
1.29
.60
.62
.69
.79
.91
.75
.72
.73
.77
.82
.42
.38
.40
.45
.51
.42
.53
.59
.64
.69
1950
1951
1952
4.74
5.19
5.66
1.39
1.54
1.68
1.03
1.14
1.27
.88
.94
.98
.60
.68
.75
.84
.89
.98
1935
1936
1937
1938
1939
-,
_.
1. Including the costs incurred on rental vacancies, but excluding the facility and utility
costs shown in table 2.
Source: U. S. Department of Commerce, Office of Business Economics.
fell somewhat further, reflecting the expansion of home loan
credit at 4 to 4% percent under government guarantee. For
the past four years, it has been comparatively stable at about7
4.7 percent, with a very slight increase apparent in 1952.
Insurance, legal, and miscellaneous costs of home ownership last year are estimated at $0.7 billion, or $32 per owneroccupied dwelling. About two-thirds of this represents
hazard insurance. Legal and other expenses in connection
with the sale of property are also allowed for here, and are
partly responsible for the rapid increase in the average, which
has doubled since 1945. A downward trend in insurance
costs before the war, and a subsequent sharp upturn in these
which has stemmed partly from appreciation of property
7. A good deal of new information on residential mortgage debt and interest is expected to
become available this summer from the 1950 Census of Housing, Volume IV, Residential
Financing. The Annual Reports of the Federal Housing Administration provide valuable
analytical material as to the burden of fixed payments.
SUEVEY OF CURRENT BUSINESS
22
values, are the other major factors which have determined
the variation in miscellaneous costs since 1929.
Net rental income
Net rental income from nonfarm home ownership
amounted last year to $4.3 billion, an average of $193 per
occupied dwelling or about 30 cents per dollar of space rental
value. These averages are considerably lower than those for
1929, reflecting increased taxes, depreciation, and maintenance outlays. The net rent per dwelling dropped about 70
percent between 1929 and 1935. The subsequent recovery
was correspondingly rapid until 1946, when it was checked
by the sharp rise in expenditures for maintenance and
repairs. It should be noted that an alternative accounting
treatment would allocate the cost of this postwar wave of
repair outlays back to the war years during which the need
for repairs was developing; by this treatment imputed net
rent would not show the postwar dip indicated in table 4.
In 1948 the net rent per unit resumed its upward trend, and
the 1952 figure was the highest in more than twenty years.
Table 4.—Home Ownership: Operating Experience, 1929-52
[Values in billions of dollars]
Shelter Costs
Average
number
of homes
(thousands)1
Space
rental
value
Total
1929 __
10, 894
5.87
1930
1931
1932
1933
1934
10, 918
10, 802
10, 636
10, 553
10, 579
5.55
5.10
4.42
3.84
3.64
1935
1936
1937
1938
1939
10, 661
10, 805
10, 975
11,157
11,377
1940
1941 ...
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
__
--
_.
Net
Insur- rental
Depre- ance
value
and
ciation miscellaneous
Taxes
Maintenance
and
repair
Interest
3.41
0.96
0.55
0.97
0.72
0.20
2.46
3.39
3.31
3.10
2.92
2.93
.99
.98
.93
.83
.84
.50
.43
.33
.32
.36
.97
.96
.90
.85
.80
.74
.75
.76
.76
.77
.19
.19
.18
.17
.16
2.16
1.80
1.32
.92
.71
3.65
3.76
3.95
4.10
4.18
2.94
2.95
2.98
2.92
2.92
.85
.84
.84
.86
.83
.39
.45
.49
.45
.48
.77
.73
.71
.68
.66
.77
.78
.78
.79
.80
.15
.15
.15
.16
.16
.71
.80
.97
1.18
1.26
11, 686
12, 215
12, 902
13, 706
14, 631
4.31
4.71
5.19
5.59
6.06
3.01
3.19
3.32
3.41
3.61
.86
.87
.91
.97
1.03
.52
.60
.58
.52
.53
.66
.69
.74
.76
.79
.82
.86
.91
.97
1.04
.16
.17
.18
.20
.22
1.30
1.52
1.87
2.17
2.45
15. 752
16, 870
17, 809
18, 779
19, 717
6.49
7.34
8.47
9.78
10.96
3.91
5.01
6.33
7.34
7.98
1.10
1.21
1.42
1.67
2.01
.61
1.34
2.16
2.57
2.55
.84
.94
1.09
1.28
1.44
1.11
1.19
1.28
1.39
1.51
.25
.33
.38
.43
.48
2.58
2.33
2.14
2.44
2.98
20, 582
21,375
22, 026
12.20
13.43
14.82
8.82
9.72
10.56
2.27
2.65
3.01
2.67
2.70
2.72
1.64
1.90
2.12
1.66
1.84
2.02
.58
.63
.70
3.38
3.72
4.25
1. Including vacation and other dwellings reserved for the owners' occasional use. Farm
homes are excluded.
Source: U. S. Department of Commerce, Office of Business Economics.
The net return per owner-occupied dwelling has generally
been higher than the average for rental housing. The difference reflects the higher average value of owner-type
houses, the lower cost of management, and the personal8 care
and effort expended by homeowners on their property. In
the current period, these factors are partly offset by the
heavier interest burden and greater maintenance outlays of
owners.
8. As treated in the present study, owner vacancy expense is relatively low as well, since
a house acquired for owner-occupancy and subsequently offered for rent is here considered
as part of the rental stock and costs on it are no longer charged to home ownership.
June 1953
Farm Real Estate
About one-third of all farm rents go to landlords living on
farms, and the net returns are included with net income of
farm proprietors. Since holdings of farm property by nonfarm business are small in the aggregate, most of the remaining two-thirds goes to individual investors—including many
retired farmers—and becomes part of the net rental income
of persons.
Total rents on farm property have shown a stronger
uptrend since 1929 than the nonfarm rent totals discussed
above. This trend reflects the great improvement in the
farm income situation.
Landlords' expenses on agricultural real estate have
generally been a smaller proportion of rental receipts than
are expenses on nonfarm rental realty. The chief items are
taxes and upkeep of buildings; these together account for
well over half of total expense.
Rent paid
Total rents on farm real estate last year are tentatively
estimated
by the Department of Agriculture at about $3.5
billion.9 This is more than double the 1929 figure, and about
five times the lowest value reached in the depression.
The farm rent aggregate is made up of four components.
Crop share rent is by far the most important, accounting
for three-fourths of the total. Livestock share rent is now
about 8 percent of the total. Leases providing for rent to
be paid in cash account for around 15 percent. Government pa}7ments to landlords, paid in recent years largely for
soil conservation practices, made up about one-eighth of the
total at the peak of their importance in 1939 and 1940 but
are now relatively negligible.
Since most farm rents are paid under leases providing for
a sharing of the product, the total is closely related to cash
receipts from farm marketings (table 5). The relationship
largely explains the greater volatility and stronger upward
trend of farm rents as compared to nonfarm rents over the
past two decades. Howeve r, aggregate rents have advanced
considerably less since 1940 than have total receipts from
marketings, as rental tenure of farmland has declined during
this period of prosperity.
Landlords' expenses
Although total expenses have nearly doubled since the
war, they took only about two-fifths of landlords' gross
income from farm leases last year.
Depreciation, combined with maintenance and repair cost
in the accounting treatment used by the Department of
Agriculture, is currently the largest single item of landlords'
expense, with taxes ranking second. The fluctuations of
these costs are indicated fairly well by the published totals
for all farms, though the latter do not reflect the declining
trend of farm tenancy.
Farm taxes have increased in almost every year since
1940, about doubling in a decade, with the rising costs of
local government. They had dropped one-third between
1929 and 1934, and recorded no sharp advance thereafter
until near the end of the war.
Depreciation and maintenance costs have also increased
rapidly in the postwar period, as prices have risen and farm
prosperity has stimulated new investment in depreciable
farm assets. Farm depreciation is calculated as a percentage of replacement cost value rather than as a percentage
9. Except for the allocation of net rents between persons and other landlords not living on
farms, all the farm rent estimates used in the national income statistics are prepared by the
Department of Agriculture, Bureau of Agricultural Economics.
SUEVEY OF CURRENT BUSINESS
June 1953
of book value or actual construction cost, and is therefore
responsive to changes in current construction costs. Maintenance cost of farm buildings is estimated on the basis of
requirements rather than actual current expenditures, and
the series consequently does not reflect changes in maintenance policy.
Other costs vary in nature according to the terms of the
individual lease arrangements. In total, they include considerable amounts for fertilizer and lime, feed 10
and seed, and
other production expenses shared by landlords.
Aggregate
annual farm production expense for fertilizer and lime has
more than tripled since 1929, with the sharpest increase
coming after 1944. Total outlays for feed and seed have
shown even greater increases.
Net rental income
Net rent from farm property has been the most volatile
component of the net rental income of persons, ranging from
Table 5.-—Total and Net Farm Rents, 1929-52
[Values in billions of dollars!
Total rent paid on
farm property
23
Nonfarm Nonresidential Rents and Royalties
Apart from farm and dwelling rents, the net rental income
of persons last year included an estimated $2.5 billion from
industrial and commercial properties and royalty rights. Of
this amount, nearly three-fourths was earned in the form of
rent.
Total rents paid by nonfarm business enterprises in 1951
were over $7 billion, according to preliminary estimates.
This figure is about double the 1941 total and half again as
much as in 1929 (table 6).
Business rent payments declined more sharply than did
dwelling rents from 1929 to 1933, dropping about 40 percent
in 4 years. Their recovery from the depression low point
to 1941 also compared unfavorably with that of housing rents.
During the war years, however, they rose considerably more
than did total residential rent, and their percentage increase
in the postwar period has been about as large as for housing.
These gains have not yet restored business-property leaseholds to the relative position they held in 1929. In that year,
business enterprises paid 96 cents in rent for every dollar
paid by tenants of nonfarm dwellings; in 1951, they paid only
78 cents for each dollar of dwelling rents.
Table 6.—Nonfarm Nonresidential Rents and Royalties, 1929-51
Net rents
[Values in billions of dollars]
Amount
Ratio to Landlords'
expenses
cash receipts from
farm marketings
Total
To persons
(not on
farms)
Rents paid by nonfarm business
To
persons
Persons' rents and royalties
Net income
1929
1.62
0.14
0.82
0.80
0.48
1930
1931
1932
1933
1934
1.32
.91
.67
.79
.95
15
14
14
15
15
.79
.70
.60
.55
.55
.52
.21
.07
.24
.40
.31
.12
.04
.14
.21
1929
4.65
2.53
2.92
1.62
1.30
0.44
1.10
1.19
1.22
1.08
1.17
16
14
14
14
15
.55
.56
.60
.55
.56
.55
.62
.62
.53
.62
.30
.34
.33
.30
.34
1930
1931
1932
1933
1934
4.29
3.78
3.18
2 74
2.88
2.23
1.91
1.58
1.46
1.73
2.55
2.09
1.77
1.62
1.98
.35
.19
.10
.14
.46
1.20
.89
.66
.48
.52
.47
.42
.37
.30
.26
1.21
1.57
2.01
2.24
2.30
15
14
13
12
11
.56
.55
.58
.65
.68
.64
1.02
1.42
1.58
1.61
.35
.57
.83
.96
.99
1935
1936
1937
1938
1939
3.01
3.05
3.14
3.18
3.30
1.88
1.88
1.92
1.94
2.12
2.14
2.20
2.32
2.29
2.46
.70
.81
.91
.74
.87
.45
.39
.41
.55
.59
.21
.18
.18
.24
.24
1945
1946
1947
1948
1949
2.36
2.90
3.13
3.12
2.78
11
12
11
10
10
.74
.82
.01
.13
.17
1.62
2.07
2. 12
1.98
1.61
1.02
.33
.37
.27
.02
1940
1941
1942
1943
1944
3.35
3.51
3.62
3.79
3.79
2.18
2.32
2.45
2.52
2.39
2.55
2.72
2.85
2.93
2.74
1.86
2.00
1.98
2.00
1.83
.69
.71
.88
.93
.91
.27
.26
.31
.32
.33
1950
1951
1952
2.92
3.30
3.45
10
10
10
.21
.40
1.46
1.71
1.90
1.99
1.09
1.21
1.27
1945
1946
1947 .
1948
1949
4.00
4.58
5.18
5.73
5.99
2.51
2.98
3.42
3.74
3.86
2.84
3.38
3.99
4.43
4.59
1.84
1.97
2.24
2.46
2.46
1.00
1.41
1.76
1.98
2.14
.35
.42
.44
.45
.47
6.56
7.16
4.25
4.58
5.06
5.50
2.86
3.16
2.20
2.34
.43
.43
_
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
.
.
Sources: U. S. Department of Commerce, Office of Business Economics, and Department
of Agriculture, Bureau of Agricultural Economics.
Total
Total
receipts
Expenses
Amount
1950
1951
_
__.
Percent
of total
receipts
less^than $50 million in 1932 to nearly $1.4 billion in 1947.
Its instability results from the combination of highly variable gross receipts and relatively fixed expenses, and would
be even greater but for the steadying effect of a net-gross
ratio which has generally been high. The ratio stood at
approximately 50 percent in 1929 and again in 1935-40. It
was about 70 percent during the war, and drifted downward
after 1946 to a little under 60 percent in the later postwar
years.
According to the Department of Agriculture the net
return on the value of rented farm realty has varied from
less than 3 percent in the depression year 1933 up to nearly
10 percent in the late 1940's. It is now approximately 6
percent.
These comparisons apply to aggregate rent payments;
they do not apply to average rental rates. There is considerable reason to believe that rates on commercial and
industrial space have risen further above the 1929 average
than have rates on rental housing, particularly since the
latter have been subject to controls during the past decade
while the former have not. It appears, rather, that the same
sort of shift from rental tenancy to owner-occupancy which
was noted for housing and for farms may have occurred also,
and with greater effect, in the case of business.
10. For all landlords combined, mortgage interest is a comparatively minor item, since
a large part of the rented farm realty is owned by retired farmers and others who have held
it long enough to build up very substantial equities.
More than four-fifths of all nonfarm business rents are paid
by enterprises in trade, service, and manufacturing. The
Source: U. S. Department of Commerce, Office of Business Economics.
Tenant industries
SURVEY OF CURRENT BUSINESS
24
percentage distribution in recent years is estimated to have
been as follows:
1940
Retail trade
Services
Manufacturing
Wholesale trade
Other industries
44
21
_ _ 11
8
16
W45
[Percent]
39
21
18
9
13
1950
38
?0
15
11
16
The major changes in this distribution over the past decade
have been in manufacturing and in trade. The great wartime expansion in manufacturing activity was largely in the
production of defense and other nonconsumer goods, and
was therefore not reflected proportionately in retail trade.
In addition, the labor shortage and the draft brought a
decrease between 1940 and 1945 in the number of small retail
enterprises such as are likely to rent their premises. Since
the war, the number of retailers has declined further relative
to the number of firms in industry generally, and the average
size of retail enterprises as measured by sales has shown a
large increase.
Personal landlords
It is estimated that nearly two-thirds of all business rents
are paid to persons (including proprietors of unincorporated
businesses other than real estate enterprises). The fraction
was somewhat lower in 1929-38, when it ranged from one-
June 1953
half in 1932 to about three-fifths later in the decade. Fluctuations have probably been due in part to actual transfers of
rental property between the business and personal sectors,
and in part to the marginal rentability of many of the
personal holdings.
Persons' total receipts shown in table 6 include royalties
as well as rents. The royalty component represents gross
income from patents, copyrights, and mineral and other
lands leased on a royalty basis. Like the rent component,
it is calculated indirectly and is subject to a considerable
margin of error.
Personal net rent and royalty income after expenses seems
to have increased sharply after the war, passing its predepression level for the first time in 1946. Between 1946
and 1950 the rate of rise gradually tapered off; tentative
estimates for 1951 and 1952, however, indicate a continued
expansion.
In the depression of the 1930's, persons7 net nondwelling
rents declined more than two-thirds. Subsequent recovery
was delayed and limited by rising cost prices; at the end of
the prewar period, such property was yielding in aggregate
little more than half the net return it had produced in 1929.
After substantial gains in 1942, persons' net nondwelling
rents rose only moderately during the war. Their postwar
advance, however, had carried them 80 percent above 1929
by the end of the period covered in table 6. In general,
these fluctuations have been similar to those in persons' net
income from rental housing.
Producers' Equipment—Growth, Replacement, and Stock
(Continued Jrom page 16}
figures indicate that stocks were in the neighborhood of fivetenths of total output in 1941. In 1952 this ratio was about
six-tenths. A shift in the same direction is indicated in the
ratio of net stocks to output.
In the proper interpretation of these shifts, allowance
should be made for the degree to which the stock of equipment was utilized in the 2 years. Unfortunately, there is
little quantitative evidence bearing on this point. It seems
apparent that productive capacity was not fully utilized in
1941. In 1952 the economy operated at levels much closer to
capacity as far as the utilization of manpower is concerned.
However, in certain segments of it a substantial part of the
stock of equipment may not have been used. This was probably true of defense industries in which the post-Korean
defense program provided standby capacity, but may have
applied also in some degree to other industries.
Information on capital-output ratios prior to 1941 would
further aid in the evaluation of the data that have been presented. Estimates of the stock of producers' durable equipment strictly comparable to those shown in this report are
not available for years before 1941, and the data on gross
product prior to 1929 are subject to considerable error. On
the basis of existing evidence, however, it would appear, that
the current ratio of net stocks to output is about the same
as in the prosperous years of the 1920's. The net stocks to
output ratio was lower before the war as a result of the
relatively small equipment purchases during the thirties.
Changes in product composition
The fourth chart shows the percentage increase in the total
stock of producers' durable equipment from 1941 to 1952
broken down by major types of products. The data are
given both on a gross and on a net stock basis. On both
bases the machinery group as a whole increased more than
the total capital stock. Transportation equipment and the
miscellaneous "other equipment" group, which includes
furniture and fixtures, instruments, etc., increased less.
Within the machinery group both agricultural machinery
and tractors and nonagricultural machinery shared in the
disproportionate rise. The relatively small increase of the
transportation group was due entirely to transportation
equipment other than motor vehicles. Motor vehicles
showed a larger than average rise.
Transportation equipment, other than motor vehicles,
consists mostly of railroad equipment and ships. Substantial amounts of new railroad equipment were purchased in
recent years as part of the industry's modernization program.
This was accompanied by heavy scrapping of old equipment.
Productive capacity has undoubtedly expanded more than
suggested by the stock comparisons summarized in the chart.
As has been noted earlier, these comparisons cannot take
full account of quality improvements. Nor can they take
into account the more effective use of rolling stock in the
industry.
It can be seen from the chart that for most groups net
stocks have increased faster than gross stocks, indicating
that the average age of the major types of capital equipment
is lower currently than in 1941. The only apparent exception is the motor vehicles group where the percentage increases in net and gross stocks are about the same. Statistical estimating problems in this area are particularly difficult
and this result should therefore be interpreted with caution.
BUSINESS STATISTICS
.I HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1951 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1947 to 1950, 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 1947. Series
added or revised since publication of the 1951 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 * 'ad justed" used to designate index
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
vided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
Data from private sources are pro-
1953
1952
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, totaldo
Wages and salaries, total--.
_._
do
Private
do
Military-.
do
Government civilian
do
Supplements to wages and salaries
_do
Proprietors' and rental income, totalcf 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
285.6
186 9
177.8
145 6
10.2
21 9
9.2
51.9
27.6
14.8
9 5
287.7
190 3
181 0
148 3
10.4
22 4
9 3
52 5
27 5
15 2
9 8
300 2
197 9
188.2
155 3
201 6
191.8
158 7
9.6
53 6
28.2
15 5
10 0
9.8
53 6
28.6
14 9
10 1
39 9
38.2
21.0
17.2
1.7
6.9
37 8
37.2
20 4
16.8
6
71
41 5
40 3
22 1
18. 2
12
7.2
— 5
7.4
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
National security 9
do
State and local
do
342.6
214.9
26.4
117.8
70.8
49.3
23.6
25. 7
.1
.4
343.0
215 0
24 2
118 9
71 9
51 7
23 0
25 0
3 7
— 1.6
359. 0
222 0
27 3
121.4
73 3
57.3
23 7
25 6
81
-.9
361. 0
226 2
29 8
121 7
74 6
54 4
25 2
27 5
1 7
— 2.0
78 0
54 9
50.3
23 0
77
54
49
23
80
56
50
24
6
6
4
0
82
57
51
25
4
5
2
0
Personal income, total
Less: Personal tax and nontax payments
Equals' Disposable personal income
Personal savin g§
264 4
33.6
230,8
15 9
268 9
34. 1
234 8
19 8
277 0
34.6
242 5
20 5
281
35
245
19
3
7
6
5
do
do
do
do
9
8
6
1
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol
Wage and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries
__ __ _._do
Service industries _
do
Government
do
Wage and salary receipts, total
do
Other labor income
_ __ _
-do
Proprietors' and rental income
do
Personal interest income and dividends. _ do
Transfer payments
_
__ do
Less personal contributions for social insurance O
bil. of dol- .
Total nonagricultural income
.
do
262.5
176.7
76.9
47.0
21.0
31.8
173.4
4.4
51.2
21.5
12.3
264.5
177.9
76.7
47.7
21.3
32.2
174.6
4.4
51.7
21.5
12.6
266.7
179.3
77.2
48.5
21.3
32 3
175. 8
4.5
52 8
21.4
12.5
263.9
177.4
74.0
49.3
21.5
32 6
173.9
4.5
52 2
21.3
12.4
269. 6
182.5
78.7
49.4
21.5
32 9
179.0
4.5
51 8
21.4
13. 1
273 8
185. 3
81.6
49 3
21 6
32 8
181 9
4 5
53 4
21.4
12 9
276 1
187.5
82.9
49 9
21 8
32 9
184 0
4 6
53 5
21.3
13 0
275.8
187.9
83.5
49 6
21 9
32 9
181 4
4 6
52 9
21.3
12 8
280 0
189.9
'85.2
50 0
21 9
32 8
186 4
4 7
54 6
21.2
13 4
280 6
190.3
85.2
50 1
22 1
32 9
186 5
4 7
54 6
21.4
13 6
280 9
191.8
86.2
50 3
22 2
33 1
188 2
4 7
53 3
21.5
13 4
3.6
3.6
3.8
3.9
3.7
3.7
3.8
3.7
3.8
4.0
3.8
242.9
244.9
245.9
243.4
249.4
253 0
255 4
255 7
258 S
259 5
261 1
r
282 8
' 193. 5
87.1
r
50 5
22 5
r 33 4
r
189 9
4 7
53 o
21.7
13 8
r
283 1
194. 6
87.8
50 6
22 7
33 5
190 9
4 8
52 2
21.9
13 8
3.9
3.9
263 3
264 2
NEW PLANT AND EQUIPMENT
EXPENDITURES*
All industries, quarterly total
.mil. of dol._
6,808
6,244
' J 6 147
7 265
Manufacturing _ _ _ _ . .
do
r 2 747
3 156
2 820
3 367
r
Mining..
__
do
228
206
229
199
r 310
Railroads ___
_
do
386
289
357
Transportation, other than rail
.. . .do
372
302
r 311
335
r
Public utilities..
do
928
947
904
1, 142
Commercial and other
do
1,738
1,680
1,835
'1,675
r
Revised.
1 Estimates for subsequent periods of 1953, based on anticipated capital expenditures of business, are shown on p. 3 of this issue of the SURVEY.
tRevised series. Quarterly1 estimates of national income and product and quarterly and monthly estimates of personal income have been revised beginning 1949; see pp. 29-31 of the July
1952 SURVEY for the data.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
©Data through 1951 represent employee contributions only; thereafter, personal contributions of self-employed
persons are also included.
JRevised beginning 1939. Revisions for 1939 and 1945-50 appear on pp. 20 and 21 of the August 1952 SURVEY; those for 1951, oiTp. 9 of the March 1953 issue.
254680°—53-
S-l
SURVEY OE CUEEENT BUSINESS
S-2
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1953
1952
April
May
June
July
August
September
December
January
3 546
3,528
1,877
1,651
346
3 072
3,056
1,537
1,519
338
2 742
2,717
1 331
1,386
337
1 889
1,872
669
1,203
311
330
911
384
826
349
780
259
654
231
725
290
October
November
February
March
April
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments total
mil of dol
Farm marketings and COG loans, total
do
Crops
_
-do
Livestock and products, total
do
Dairy products
do
Meat animals
_
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39=100..
Crops
do _.
Livestock and products
_do
Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39=100-.
Crops
do
Livestock and products
do
2 100
2,053
571
r
1,482
389
2 176
2,142
573
1,569
433
2 381
2,361
851
1,510
427
2 711
2,697
1,235
1,462
410
2 882
2,874
1 377
1,497
394
3 620
3,609
1,926
1,683
370
812
262
825
272
769
271
759
269
812
278
984
316
310
202
390
323
202
413
356
301
398
407
436
385
434
487
394
544
681
443
618
814
472
532
663
435
461
544
400
410
470
365
283
238
317
'302
'218
116
64
155
123
68
164
139
108
162
154
165
145
161
182
145
196
237
164
220
274
179
190
217
170
180
197
168
164
183
149
115
93
131
••122
1935-39=100-.
215
211
205
194
218
232
233
235
233
232
--
__do
224
224
215
203
228
242
245
246
246
245
__do
do
do _
do
do
do
-do
do
do
277
245
152
170
143
354
218
203
257
278
246
145
168
133
353
216
199
260
249
140
155
169
148
352
210
195
246
232
139
150
165
143
331
201
184
241
269
244
160
175
152
336
213
197
251
292
270
167
183
159
354
225
216
248
301
281
164
189
151
363
237
231
251
305
283
160
191
143
371
241
236
251
310
286
151
196
128
385
246
241
259
do
do
do
do
do
do
216
226
168
242
329
227
224
241
167
260
338
231
225
237
169
266
339
229
216
236
160
255
287
162
231
261
169
272
300
175
232
263
167
267
353
247
235
267
173
262
371
265
226
252
167
245
376
272
180
155
295
559
102
84
114
149
152
152
89
180
158
291
558
105
90
115
154
197
147
96
187
176
296
563
102
90
111
165
217
147
124
181
186
295
565
90
77
98
174
215
137
179
195
159
299
568
116
95
129
185
214
138
234
201
159
305
567
111
95
123
192
173
154
279
200
173
309
578
112
104
118
178
133
169
190
do
do
do _
do .
do _ _
do
_ _ do do
do...
do
do
do
186
181
261
166
205
180
235
144
130
280
108
174
182
175
209
165
157
174
242
151
135
287
117
178
182
177
251
72
216
175
246
154
133
312
112
197
159
153
259
67
225
145
225
147
111
343
103
179
188
180
280
169
231
157
242
170
143
369
123
193
191
181
282
177
234
166
252
177
145
377
137
198
do
_ d o
do
do
-do
do
165
171
74
119
201
130
143
140
73
107
159
159
149
161
74
102
193
74
144
155
57
91
190
81
161
161
61
102
194
164
do . -
216
211
204
193
do
225
224
214
277
142
128
216
259
217
230
168
243
247
146
134
210
247
222
222
170
269
181
150
292
105
90
160
148
146
147
186
152
298
103
92
166
147
148
161
4 123
4,098
2,303
1,795
365
1,088
r
2 025
2, 000
' 618
1,382
357
364
1 934
1,897
522
1,375
365
692
307
286
185
362
81
153
118
68
155
236
'240
P240
250
••255
P254
312
287
151
189
132
391
249
242
266
319
290
159
192
142
396
259
245
293
'326
^326
P292
p 162
P 190
P 148
P403
P264
P249
P300
214
231
165
210
392
282
209
209
155
227
392
282
216
212
159
248
405
301
227
224
162
272
P239
'414
'312
*>418
P321
199
163
313
595
114
107
120
165
106
190
114
193
142
314
598
107
99
112
161
107
208
100
191
134
311
594
117
103
126
153
98
199
91
194
144
314
597
122
108
131
148
109
166
89
'197
v 196
203
192
279
179
225
180
260
172
142
361
134
197
205
194
290
182
233
183
264
176
149
356
137
184
195
185
291
186
229
172
272
169
141
337
138
159
200
191
293
188
230
168
268
169
140
350
130
178
208
198
293
188
231
178
268
173
149
338
142
184
'211
P212
'289
p283
180
180
88
144
203
178
166
167
95
93
203
164
170
177
87
135
202
131
163
176
71
125
207
84
159
172
60
116
204
84
158
170
60
109
205
'157
'168
' 86
89
133
215
228
230
234
235
236
240
'243
P242
202
225
237
242
245
247
249
254
' 258
P256
230
141
128
201
242
214
215
158
266
267
149
135
213
251
221
231
163
261
290
155
140
225
248
222
227
161
261
300
155
138
237
251
224
231
163
254
304
161
146
240
251
221
233
162
242
313
165
149
246
258
221
254
160
225
315
171
162
249
266
222
257
168
232
322
175
166
259
293
233
279
168
255
'328
p327
P162
p 148
P264
p300
P243
179
162
299
91
81
162
145
147
138
191
151
302
116
97
164
148
158
123
194
155
302
112
97
168
148
170
143
195
162
304
112
103
165
146
169
147
197
180
308
113
103
161
147
170
124
194
166
309
107
100
164
152
176
128
195
158
309
116
103
164
151
169
140
198
159
310
119
101
165
151
174
141
r
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted, combined index
Manufactures
Durable manufactures
Iron and steel
Lumber and products
-Furniture
Lumber
Machinery
Nonferrous metals and products
Fabricating
Smelting and refining
Stone clay, and glass products
Cement
Clay products
Glass containers
Transportation equipment
Automobiles (incl. parts)
Nondurable manufactures
-.. -do Alcoholic beverages
do
Chemical products
do ._
Industrical chemicals
do
Leather and products
do
Leather tanning
do
Shoes
do
Manufactured food products
do
Dairy products
do
Meat packing
do
Processed fruits and vegetables
do
Paper and products
Paper and pulp
Petroleum and coal products
Coke
Gasoline
Printing and publishing
Rubber products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
Tobacco products
Tv^inerals
Fuels
Anthracite
Bituminous coal
Crude petroleum
Metals
_
_
-..
Adjusted, combined indexed
Manufactures
-
- do _ _
do
277
152
143
218
257
220
238
173
242
Nondurable manufactures
Alcoholic beverages
Chemical products
Leather and products
Leather tanning
Manufactured food products.
Dairy products
Meat packing
Processed fruits and vegetables
-do
do
do
do
do
do
do
- do _
do...
183
157
292
102
84
163
146
165
146
Durable manufactures
do
Lumber and products
- do
Lumber
do
Nonferrous metals
_ __do_ _
Smelting and refining
do
Stone, clay, and glass products
do. _
Clay products
Glass containers
' Revised.
*> Preliminary.
297
'163
196
'146
'405
'261
'245
'301
P161
161
'320
'607
116
97
129
150
128
166
'85
189
225
'187
'273
'174
148
'352
P319
p602
P 150
p 160
P88
P224
P 186
P271
p 171
141
355
183
'52
107
'204
173
161
'261
'300
238
273
'170
272
'201
173
P 161
P 165
44
113
P 198
p 165
P198
'316
P316
117
97
168
154
179
164
'155
172
145
JRevisions for January 1950-July 1951 based on final data will be shown later. Revisions for 1910-49, incorporating changes in methods of estimation and adjustments in production, disposition, and prices, are shown on p. 23 of the December 1951 SURVEY.
cfSeasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.
SUEVEY OF CUKEENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-3
1953
1952
April
May
June
July
August
September
October
November
December
January
February
March
April
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index — Continued
Adjustedc?-— Continued
Manufactures— Continued
Is endurable manufactures— Continued
Paper and products
1935-39=100
Paper and pulp
do
Printing and publishing
do
Tobacco products
do
185
181
175
184
182
175
170
178
181
176
176
189
160
154
157
172
188
180
165
186
192
181
165
187
203
192
176
190
205
194
175
181
196
185
168
172
200
191
173
179
207
197
180
194
' 211
P212
r
183
194
p 181
166
141
140
143
147
65
142
65
156
131
175
149
164
145
171
138
168
117
164
120
163
123
r
162
124
v 162
143
45, 763
23, 538
11,310
12, 228
8,862
2,787
6, 075
13, 363
4,494
8,869
45, 545
23, 247
11, 328
11,918
8,448
2,669
5,779
13, 850
4,927
8,923
44, 395
21, 888
10, 060
11, 828
8,493
2,698
5, 795
14,014
4,883
9,131
44, 474
21, 858
9,777
12, 081
8,949
2,817
6,132
13, 667
4,494
9,173
43, 628
21, 898
10, 437
11, 460
8,371
2,495
5,876
13, 359
4,199
9,160
46, 288
23, 663
11,510
12,154
9,055
2,793
6,262
13, 570
4,505
9,065
48, 344
24, 753
11, 968
12, 785
9, 389
2,931
6, 458
14, 202
4,844
9,358
46 229
23, 430
11, 676
11, 754
8,773
2,737
6,036
14, 026
4, 769
9,257
48 023
24, 276
11, 913
12, 363
9,337
2,962
6, 375
14, 410
4,871
9,539
47, 383
24, 292
12, 195
12, 097
8,951
2,777
6,174
14,140
5, 000
9, 140
Business inventories, book value, end of month
("adjusted), total
_
mil. of dol
Manufacturing, total
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
73, 876
43, 402
23, 596
19, 805
9,997
5, 054
4,943
20, 477
9,624
10, 853
73, 074
43, 144
23, 595
19, 550
9,861
4,955
4,906
20, 069
9,112
10, 957
72, 913
42, 892
23, 348
19, 544
9,896
4, 858
5,038
20,125
9,030
11,095
72, 765
42, 748
22, 962
19, 786
9,890
4,864
5,026
20,127
8,749
11,378
72, 714
43, 107
23, 200
19, 908
9,862
4,934
4,928
19, 745
8,626
11,119
73, 437
43, 224
23, 292
19, 932
9,932
4,964
4,968
20, 281
8,956
11, 325
74, 189
43,415
23,615
19, 800
10, 122
4,986
5, 136
20, 652
9, 175
11, 477
74, 682
43, 596
23, 835
19, 761
10, 191
5,084
5,107
20, 895
9,384
11, 511
74, 757
43, 824
24, 292
19, 532
10, 129
5,079
5, 050
20, 804
9,352
11, 452
74, 619
43, 766
24, 392
19, 374
10, 039
5,084
4,955
20, 814
9,539
11,275
74, 941
43, 848
24, 480
19, 368
10, 120
5,219
4,901
20, 973
9,905
11,068
75, 335
'r 44 056
24, 746
' 19, 309
r
10 183
5,336
'
4, 847
r
21.096
'T 10 084
11, 012
75, 978
44, 256
24, 932
19, 324
10, 222
5, 324
4,898
21, 500
10, 336
11, 164
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSf
Sales:
Value (unadjusted), total
mil. of dol
Durable-goods industries-. _ __ ___ ._ _ do
Nondurable-goods industries
do
22, 95«
11,237
11,713
22, 478
11,056
11,422
21, 640
10, 284
11, 356
20, 051
8,844
11, 207
22, 605
10, 579
12,026
24, 700
11,905
12, 795
26, 488
12, 787
13, 701
23, 408
11,510
11,898
24 315
12, 172
12, 142
23, 888
11,747
12,141
24, 184
12, 274
11, 909
26 738
13, 581
13, 157
26, 221
13, 439
12, 782
Value (adjusted), total do
Durable-goods industries, total
do
Primary metals
do
Fabricated metal products
do
Electrical machinery and equipment-. _do
Machinery, except electrical..
do _
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and fixtures
_
do
Lumber products, except furniture
do
Stone, clay, and glass products
_ _ do.
Professional and scientific instruments- -do
Other industries, including ordnance do
23, 538
11,310
1,994
1,256
1, 036
2,079
1,736
746
318
687
472
303
684
23, 247
11,328
1,934
1,197
1,069
2,033
1,812
817
336
642
509
297
684
21, 888
10, 060
991
1,085
1,154
1,964
1,815
736
350
597
483
265
619
21, 858
9,777
1,113
1,184
1, 106
1,942
1,167
790
377
621
497
302
678
21,898
10, 437
1,930
1,053
1,168
1,833
1,309
811
389
600
522
261
563
23, 663
11,510
2,107
1,156
1,256
1,966
1,831
749
419
629
545
245
607
24, 753
11,968
2,198
1,263
1,205
2,068
1,842
812
410
678
553
277
663
23, 430
11,676
2,100
1,177
1,238
2,060
1,826
923
362
596
518
255
623
24 976
11,913
2 048
1,287
1, 259
2,053
1 920
819
362
727
497
310
629
24, 292
12, 195
2,082
1,397
1,256
2,138
2,068
817
305
721
509
312
590
' 25, 170
' 12, 828
2, 115
1,481
2,204
2, 164
837
315
766
571
311
723
25, 469
12, 821
2 150
1,446
1,347
2,137
2 241
••786
'361
'717
'585
331
'719
26, 709
13, 397
2,318
1,531
1,342
2,193
2,360
852
374
789
536
337
765
do
do
do
do
do
do
do
do
do. _
do
do.
do
12, 228
3,280
564
318
1,244
1,130
261
633
760
1,573
2,028
437
11,918
3,312
568
311
1,148
1,121
274
630
720
1,566
1,846
424
11, 828
3,171
638
310
1,116
1,124
290
625
684
1,495
1,945
430
12,081
3,267
609
325
1,162
1,171
267
650
704
1,560
1,956
408
11,460
3,012
573
310
1,058
965
282
667
667
1,473
2,003
452
12, 154
3,246
534
324
1,137
1,068
275
699
678
1,602
2,109
482
12, 785
3,452
513
327
1,188
1,281
265
734
720
1,660
2,181
464
11, 754
3,191
457
309
1,084
1,143
234
663
678
1,532
2, 059
403
12,363
3,293
545
344
1,151
1 260
288
682
691
1,558
2,114
438
12, 097
3,211
478
306
1,108
1,046
299
736
725
1,667
2,014
507
12, 342
3,314
465
333
1,113
1,038
307
722
754
1,715
2,081
499
' 12, 648
' 3, 480
r 570
'325
' 1, 127
' 1 036
' 292
'718
'754
' 1, 767
' 2, 067
510
13,312
3,648
622
327
1,251
1,131
302
709
824
1,797
2,191
do
do.._
do
43, 614
23, 813
19, 801
43, 407
23, 924
19, 483
42, 972
23, 518
19, 454
42, 660
23, 050
19, 610
42, 707
23, 116
19, 591
42, 660
23, 147
19, 513
42, 920
23, 385
19, 536
43, 243
23, 553
19, 690
43, 829
24, 045
19, 784
44, 037
24, 253
19, 784
44, 264
24, 539
19, 726
' 44, 551
' 24, 990
' 19, 560
44, 475
25, 137
19, 338
do
do
do
16, 303
11,900
15, 411
16, 156
11, 919
15, 332
15, 871
11, 782
15, 320
15, 737
11, 813
15, 110
15, 699
12, 041
14, 967
15, 836
12, 132
14, 692
16, 058
12, 272
14, 590
16, 236
12, 268
14, 739
16, 414
12, 516
14, 898
16, 106
12, 735
15, 195
16, 030
13, 044
15, 190
' 16, 052
' 13, 236
' 15 263
15, 743
13, 404
15 328
43, 402
23, 596
2,886
2,445
3,119
5,539
2,669
2,170
560
1,041
922
748
1,498
43, 144
23, 595
2,909
2,432
3,133
5,525
2,674
2,177
566
1,040
926
748
1,466
42, 892
23, 348
2,945
2,344
3,107
5,461
2,562
2,202
556
1,030
937
762
1,444
42, 748
22, 962
2,928
2,235
3,062
5,314
2,517
2,248
555
1,005
922
757
1,420
43, 107
23, 200
2, 971
2,309
3,037
5,280
2.641
2,291
532
1,010
904
770
1,456
43, 224
23, 292
3,031
2,318
3,031
5,274
2, 636
2,343
534
1,006
892
764
1,462
43, 415
23, 615
3,084
2,362
3,039
5,275
2,735
2,472
533
1,019
874
778
1,445
43, 596
23, 835
3,165
2,401
3,032
5,287
2,853
2,455
543
1,054
852
785
1,408 !
1
43, 824
24, 292
3,122
2,424
3,096
5,411
3,009
2,576
518
1,066
850
808
1,412
43, 766
24, 392
3,156
2,439
3,120
5,396
3,017
2,566
525
1,072
872
809
1,420
43, 848
' 44, 056
' r24, 480 ' 24, 746
3, 080
' 3 070
2,420
' 2, 446
3,137
' 3, 200
5,445
' 5 482
3,050
' 3, 139
2,609
' 2, 643
544
' 544
1,076
' 1,
092
r
r
890
900
808
'794
1,422
' 1 438
44, 256
24, 932
3,076
2,508
3, 206
5,512
3, 184
2,628
536
1,108
923
797
1,454
Minerals
Metals
do
do
_ --
BUSINESS SALES AND INVENTORIES §f
Business sales (adjusted), total
Manufacturing, total
Durable-goods industries
Nondurable-goods industries
Wholesale trade, total
_
Durable-goods establishments
Nondurable-goods establishments
Retail trade, totaL
Durable-goods stores
Nondurable-goods stores _ _
mil of dol
do
do
do
do
do
do
._. do _ _
do
do
Nondurable-goods industries, total
Food and kindred products
Beverages
Tobacco manufactures
Textile-mill products
Apparel and related products
Leather and leather products
Paper and allied products
Printing and publishing
_ _
Chemicals and allied products
Petroleum and coal products _ ___ _
Rubber products
Inventories, end of month:
Book value (unadjusted), total
Durable-goods industries
Nondurable-goods industries. _
_
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
Book value (adjusted), total _.
do
Durable-goods industries, total
do
Primary metals
do
Fabricated metal products _.
_ do...
Electrical machinery and equipment., do __
Machinery, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture a n d f i x t u r e s _ _ _ . . . _ _ - d o
Lumber products, except furniture
do
Stone, clay, and glass products
do
Professional and scientific instruments , do
Other industries, including ordnance do
' 48, 827 r 49 104
r 25, 170
' 25 469
r 12, 828
' 12, 821
r
12, 342
12 648
9,143
'r 9, 198
2,929
2 952
6,214
' 6, 246
14, 514
'r 14, 437
5,304
5,211
r
9,211
9, 225
r
1, 341
r
49,911
26, 709
13, 397
13,312
8,848
2,897
5,951
14, 354
5, 136
9,218
' Revised.
* Preliminary.
cf See note marked "d*" on p. S-2.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.
t Revised series. All components of business sales, inventories, and orders have been revised since publication of the 1951 STATISTICAL SUPPLEMENT. The latest revision (affecting data
back to 1949) and appropriate explanations of changes for all series except retail sales appear in the October 1952 SURVEY (see pp. 12 n\), in the November 1952 issue (see pp. 18 ff.), and in the
March 1953 issue (see p. 20); the new estimates of retail sales (which begin with data for 1951), together with the revised old series for 1951, were first shown in the September 1952 SURVEY,
pp. 17 ff. Data through 1948 for manufacturers' sales and inventories and wholesale sales and inventories, comparable with current figures, appear in the October 1951 SURVEY (see pp. 1719 and 23, 24).
SURVEY OF CUEEENT BUSINESS
S-4
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1952
April
May
June
July
August
1953
September
October
November
December
January
19, 532
3,332
1,164
1,778
2, 654
1,665
19, 374
3,312
1, 153
1,773
2,606
1,689
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 leather products
do
Paper and allied products
do
Printing and publishing
do __.
Chemicals and allied products
do
Petroleum and coal products
do_ __
Rubber products
do
New orders net (adjusted), total©
do
Primary metals
Fabricated metal products
Electrical machinery and equipment
Machinery, except electrical
Transportation equipment, including
vehicles and parts
mil.
Other industries, including ordnance
Nondurable-°"oods industries, total
Industries with unfilled orders 9
Industries without unfilled orders^
do
do
do
do
motor
of dol_.
do
do
do
do
Unfilled orders (unadjusted), total© _ do
Durable-goods industries total
do
Primary metals
do
Fabricated metal products
do
Electrical machinery and equipment
do __
Machinery, except electrical
_ _ _ _ _ do
Transportation equipment, including motor
vehicles and parts
mil. of dol__
Other industries, including ordnance
do
Nondurable-goods industries, total 9
do
19, 805
3,522
1,313
1,693
2,779
1,590
19, 550
3,486
1,321
1,704
2,735
1,543
19, 544
3,473
1,296
1,693
2,734
1,537
19, 786
3,485
1,289
1,724
2,764
1,685
1,059
1,039
1,028
1,007
582
778
2,986
2,628
575
751
2,973
2,544
558
741
3,011
2,607
554
19,908
3,489
1,259
1,720
2,798
1,770
715
543
972
722
2,995
2,683
3,022
2,728
19, 932
3,443
1,268
1,726
2,833
1,725
541
973
734
19, 800
3,488
1,222
1,726
2,841
1,609
19, 761
3,450
1,202
1,742
2,743
1,618
549
960
744
545
974
775
3,022
2,788
3,010
2,777
3,009
2,805
1,001
758
549
990
757
2,968
2,727
2,915
2,716
936
915
548
19, 368
3,378
1,184
1,738
2.618
1,683
24, 251
12,443
2, 258
1.262
1,289
1,934
22, 748
10, 956
1,883
1,275
1,156
1,713
25, 042
13, 138
1,271
1,278
1,355
1,908
23, 434
11,140
1,374
1,252
1,174
1,916
21, 852
9 998
1,789
1,142
1,066
1,515
24, 516
12 328
2,194
1,375
1,311
1,883
24, 152
11 452
2 211
1,289
1,324
1,926
23, 061
11 441
1,855
1,169
1,184
1,999
24, 466
12 Oil
1 834
1, 203
1,366
1,965
24 270
12 080
2 027
1,408
1,579
1,784
3,129
r
2, 571
11, 808
2,477
9,330
2,474
2,456
11,792
2,645
9,146
4,734
2,592
11,904
2,791
9, 113
2,815
2,609
12, 295
2,996
9,298
2, 368
2,118
11, 854
3,067
8,787
3,301
2, 265
12,187
2 823
9,364
2,252
2, 451
12, 700
2 822
9,878
2,789
2,445
11,620
2 525
9,095
2,991
2,651
12, 456
2 904
9 552
2,946
2,335
12, 190
2 960
9 230
3,824
2, 583
12, 392
2 946
9,446
69, 978
67, 114
8,042
5,997
10, 735
11,719
69, 230
66, 309
7,838
5,974
10, 754
11, 303
72, 541
69, 340
8,104
6,088
1 1, 302
11,097
74, 985
71, 705
8, 561
6, 196
11,497
11, 279
75, 220
71, 882
8,597
6.226
11,419
11,115
75, 662
72 305
8, 465
6 383
11,512
10, 942
74, 478
71 256
8,406
6 335
11, 501
10, 651
73, 163
70 049
8,125
6 209
11,241
10, 438
72, 520
69 605
7,930
5 994
11 338
10, 226
73, 366
70 230
7,874
6 305
11,592
10, 102
73, 699
70 492
7,843
6 247
11, 440
9,871
24, 394
6,228
2,864
24, 344
6,097
2,922
26, 478
6,271
3,201
27, 563
6,609
3,280
27, 912
6,613
3,338
28, 587
6,417
3,357
28, 249
6, 112
3,223
28, 081
5,954
3,114
28, 380
5,737
2,915
28, 536
5 820
3,136
29, 128
5,963
3,208
884
877
874
897
»• 1, 731
r 2, 597
' 1, 674
r 553
'990
••755
' 2, 907
r 2, 726
2,894
2,713
878
884
r 1, 198
534
992
746
877
864
»• 19, 309
r 3, 275
887
T
T
25, 530
13 138
2, 165
1,390
* 1, 363
1,813
903
r 24, 591
T
12 023
r
2, 080
' 1, 322
r 1, 096
r I, 894
19, 324
3, 259
1,175
1.753
2,628
1, 644
573
989
759
2,892
2,748
25, 850
1,979
1, 197
1.627
2,115
' 2, 792
' 2, 838
12, 567
T
2 811
r
9, 756
2,932
2,829
13, 173
2 946
10, 227
73 367
'r 7, 838
6 263
r
11 372
' 9. 605
72, 590
69 425
7,494
6 105
11 512
9,503
r 28, 824
' 6 238
' 3, 166
28, 594
6 216
3,166
r
r
r 70 201
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER
Operating businesses, end of quarter, total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
thous_
do
do
do
do
do
do
4, 050. 0
399.4
303. 1
865.8
1 663 3
210 6
607.7
4, 059. 0
404. 4
300 5
868. 2
1 661 1
211.4
613.3
v 4, 056
P 405
P 297
P 86Q
P i 654
T 211
p 617
4
3
2
7
7
8
7
90 2
16 2
8 6
15 3
33 1
3 9
13.2
80
19
8
14
29
3
5
3
2
7
6
7
New businesses quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
110. 6
22.2
10 8
18.6
39 6
Discontinued businesses, quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
96 6
13 4
12 8
16 0
40 3
3 9
10.2
81.3
11. 2
11 2
12 9
35.2
3 2
p 83 0
v 11 4
7.6
P 13 2
p 36 0
p3 2
p7 7
Business transfers quarterly total§
do
101.0
101.2
82 5
4.6
14.8
12 1
p 11 4
BUSINESS INCORPORATIONS^
New incorporations (48 States)
number. -
8,284
7,915
7,819
7,549
7,088
7,529
8,223
6,741
8,274
9,468
7,943
r 9, 659
9, 507
638
671
580
594
539
631
590
583
647
691
739
693
INDUSTRIAL AND COMMERCIAL
FAILURE So"
failures total
Commercial service
Construction
Manufacturing a n d mining
Retail trade
_ _ _ _ _ _ _
Wholesale trade
number
do
do
_ _ _ _ _ do_ _
. d o __
do
780
Liabilities, total
Commercial service
_
Construction
Manufacturing and mining
Retail trade
Wholesale trade
_
thous. of dol
_ . -do_ __
do
___ . do
do
do_ _ _
29, 530
1,744
3,853
12, 633
7,050
4,250
58
93
171
375
83
60
75
111
333
59
21, 193
1,219
2,646
10, 217
5,264
1,847
52
78
128
340
73
41
48
133
299
59
51
58
109
316
60
36
50
107
288
58
52
88
146
291
54
61
62
121
280
66
43
76
131
288
45
39
78
130
334
66
49
86
132
348
76
63
85
154
361
76
48
86
140
344
75
21, 222
1,971
2,990
6,971
7,024
2,266
22, 789
1, 466
3,196
8,882
5,434
3,811
16, 322
1, 809
1.816
5, 056
5,255
2,386
20, 138
35, 049
2,175
5,167
13,079
6,078
8,550
18, 757
3, 027
1,588
5,853
5,865
2,424
23, 400
23, 309
5,068
8,458
7,046
1,875
2,735
9,107
8,009
2,590
27, 273
1,180
3,378
8, 452
9,139
5,124
31,082
1.387
3, 506
12, 213
10, 423
3,553
27, 520
1,765
3, 748
10, 585
8,497
2,925
947
2,729
6, 780
5,317
4,365
953
868
r
Revised.
f Preliminary.
fRevised series. See corresponding note on p. S-3.
©Adjusted data for new orders replace the unadjusted series formerly shown; for data beginning 1948, including those for unadjusted unfilled orders, see pp. 17 and 18 of the November
1952 SURVEY.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
§Revisions for 1944—1st quarter 1951 appear in corresponding note in June 1952 SURVEY.
o"Data are from Dun & Bradstreet, Inc.
SUEVEY OF CURRENT BUSINESS
June 1053
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-5
1953
1952
April
May
June
July
August
September
February
October
November
December
January
282
260
277
257
269
257
245
214
419
252
208
237
291
281
303
296
218
263
247
264
253
248
213
412
288
195
238
300
295
310
318
238
247
218
428
268
206
256
300
280
291
309
221
267
251
240
219
429
311
215
189
304
301
328
316
228
240
206
424
255
209
237
287
277
305
286
206
246
208
424
266
215
248
291
274
301
277
216
259
247
244
206
424
266
226
204
280
270
299
264
218
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
IV^eat animals
do
Dairv products
-- do
Poultry and eggs
_
__do
290
272
293
270
250
229
435
313
179
308
279
306
372
291
180
245
227
436
303
190
285
280
313
394
281
175
292
277
238
226
437
319
220
250
289
306
380
277
181
295
276
230
227
436
311
214
287
307
312
376
286
208
295
272
236
233
436
319
206
229
310
316
372
295
225
288
264
240
234
428
329
200
182
305
309
349
307
227
Prices paid :
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..
276
271
281
276
271
281
273
272
273
273
273
273
274
273
274
271
271
272
269
269
269
268
269
266
267
269
264
267
268
265
264
266
261
265
269
261
264
269
257
289
289
286
286
287
285
282
281
280
282
280
281
279
Paritv ratio 9
100
101
102
103
103
101
100
99
96
95
94
94
93
All commodities (U. S. Department of Commerce
index)
1935-39=100..
209.7
210.3
210.6
211.8
211.8
211.1
210.7
210.4
209.6
209.0
207.8
208.2
207.9
Consumer price index (U. S. Department of
Labor) :f
All items (revised series)
_ _ .1947-49 =100 .
Apparel
do
Food
- . - do_.
Dairv products
do
Fruit and vegetables
. do_
Meats poultry and
fish
do
Housing
do
Gas and electricity
do
LTousefurnishings
.do
Rent
do
112.9
106. 0
113.9
110.4
121.1
114.8
114.0
103. 9
108.7
116.9
113.0
105.8
114.3
109. 3
124.3
114.5
114.0
104.1
108. 3
117.4
113.4
105. 6
114. 6
108 9
122.4
116.5
114.0
104.3
107. 7
117.6
114.1
105. 3
116.3
110.2
124.0
116.4
114.4
104.2
107.6
117.9
114.3
105. 1
116.6
111.0
118.7
119.4
114.6
105. 0
107.6
118.2
114.1
105. 8
115.4
112. 5
111.5
119.2
114.8
1C 5.0
108.1
118.3
114.2
105 6
115.0
113 2
111.3
116 9
115.2
1C5 0
107.9
118 8
114.3
105.2
115.0
113.3
115.9
114.3
115.7
105. 4
108.0
119.5
114.1
105.1
113.8
112.7
115.8
113.0
116.4
105. 6
108.2
120.7
113.9
104.6
113.1
111.6
116. 7
110.9
116.4
105.9
107.7
121.1
113.4
104.6
111.5
110.7
115.9
107.7
116.6
106.1
108.0
121.5
113.6
104.7
111.7
110.3
115. 5
107.4
116. 8
106. 5
108.0
121.7
i 113. 7
104.6
111.5
109.0
115.0
106.8
117.0
106. 5
107. 8
122.1
115.9
111.3
106.2
124.8
115.2
116.1
111.6
106.2
125.1
115. 8
117.8
111.7
106.8
126. 3
115. 7
118.0
111.9
107. 0
126. 8
116. 0
118.1
112. 1
107.0
127.0
115.9
118.8
112.1
107.3
127. 7
115.9
118.9
112.3
107.6
128.4
115 8
118.9
112.4
107. 4
128.9
115.8
119.3
112. 5
108.0
128.9
115.9
119.4
112.4
107.8
129.3
115.9
119.3
112. 5
107. 5
129.1
115.8
119.5
112.4
107.7
129.3
117.5
120.2
112. 5
107.9
129. 4
117.9
111.8
111.6
111.2
111.8
112.2
111.8
111.1
110.7
109.6
109.9
109.6
r
110. 0
109.4
Farm products
- do
Fruits and vegetables, fresh and dried... do
Grains
- do__ _
Livestock and live poultry
do
108.7
127.3
100.9
106.6
107.9
128.9
98.8
108.9
107.2
124.2
95.4
107.2
110.2
128.2
94.9
108.2
109.9
124.3
96.9
106.4
106.6
115.6
96.9
99.3
104.9
111.7
95.0
94.8
103.6
113.2
96. 5
93.0
99.2
112.3
96.1
86.8
99.6
107.3
94.6
92. 7
97.9
102.2
93.1
91.2
' 99.8
' 105. 8
94.7
91. 7
97.3
106. 9
93.8
87.5
Foods, processed
do
Cereal and bakery products
do
Dairy products and ice cream _ _ _ _ d o _ _ _
Fruits and vegetables, canned and frozen
1947-49 = 100..
Meats poultry and
fish
do .
108. 0
107.4
112.2
108.6
107.0
110.6
108.5
106.7
110.1
110.0
106.5
113.8
110.5
106. 4
114.3
110.3
106. 5
116.4
108.5
106. 4
115.9
107.7
107.1
115.5
104.3
106.8
113. 0
105.5
106. 8
111.9
105.2
107. 6
110.9
' 104. 1
108. 9
109.7
103.2
109.2
108.5
104.6
109.4
104.2
112.1
103.5
110.1
103.9
110.6
105. 1
112.3
105.9
109.4
105.9
104.1
106.0
102.0
1C5.0
93.9
105.4
99.3
105. 5
98.2
105. 1
'91.2
104. 4
89.2
113.3
104.8
116.8
92.7
42.6
109.8
108.0
113.0
104.3
115.1
92.2
47.2
111.5
107.3
112.6
104.3
114.9
92.2
52.0
109.9
107.0
112.5
104.2
114.7
92.1
49. 8
110.7
106.9
113. 0
104. 0
1 14. 6
92. 1
47.5
110.9
106.9
113.2
104.0
114.3
92.1
48.9
111.0
107.0
113.0
103.9
113.9
92.0
51.0
111.0
106. 5
112.8
103. 5
112.7
91.9
53.1
111.1
106.3
112.9
103 3
112.3
91.3
52.8
113.0
106. 1
113.1
103 6
112.8
91.5
53. 5
112.9
106. 2
113. 1
103 6
113. 1
91.4
52.7
112.7
105.9
113.4
104 2
113.9
91.6
59.0
112.8
106.0
113.2
105 5
117 0
93 0
55.9
113 2
106. 0
106.3
104.9
99 1
106. 6
109. 5
106.0
104.9
98. 0
104.2
109.9
105. 9
105. 3
98.5
102.0
109. 6
106. 0
106. 0
99. 1
101.4
109. 4
105.8
106. 5
100. 7
100. 4
108.3
106.2
107.6
101.3
100. 3
108.5
106.6
113.3
98.5
100. 4
108.5
106. 7
113 6
98.0
104.9
108 1
107.2
116 1
98.5
104. 9
107 9
107.8
116 3
99. 6
108 0
107 9
108.
115
100.
109
107
108. 4
114 4
100. 7
109 5
109 0
107.4
111 ?
98 0
109( 5
10 ) 3
112.1
107.8
113,4
90.7
111.7
107.3
113.1
90.7
111.6
106. 8
112.7
93.8
111.6
106. 8
112.6
93.8
111.5
106. 8
112.5
93.7
112.0
107.3
112.6
93.7
112. 0
107.2
112.6
93.7
112.1
107.2
112.8
93.8 /
I
112.3
107. 5
113 0
95. 0
74. 9
112.7
107.4
113 2
95. 0
74.5
112.9
107 4
113 4
95. 5
75.6
113.1
107 9
95. 5
'74 9
113.9
108 0
113 8
94.9
74. 9
94. ]
'112.9
49.7
84.4
94.7
111.1
58.1
84.5
95.9
111.0
59.5
88.9
96.2
110.6
61.8
89.3
96 5
110.6
64.4
89.3
96. 5
110 6
64.4
89 3
96.6
110.6
65. 0
89.9
97.6
111 0
69.2
90 1
99.0
112 0
70. 6
92 9
97.3
112 0
62. 1
92 0
98.0
112 1
60 5
91 9
r
98.1
112 1
64 8
93 5
97.9
111 5
66 4
92 7
120.9
121.3
120. 7
121.1
119.9
120.1
120.2
120.4
120.5
120.6
120.4
120.6
120.2
120.2
119 7
120.0
119 7
119.8
120 5
120. 1
121 1
120 3
121 7
120 9
192 2
121 5
- - do
RETAIL PRICES
Medical care
Personal care
Read in er and recreation
Transportation
Other goods and services
- .-
do
- - do
do
-- do
do
WHOLESALE PRICES^1
U. S. Department of Labor indexes (revised) :f
All Commodities
1947-49=100
Commodities other than farm products and
foods
1947-49 = 100
Chemicals and allied products
do
Chemicals industrial
do__
Drugs, Pharmaceuticals, cosmetics- _ _ do
Fats and oils, inedible. .
do...
Fertilizer materials
do
Paint and paint materials _ _
_ _ do
Fuel, power, and lighting materials
do
Coal
do
Electricity
___do_.
Gas
do
Petroleum and products
do
Furniture and other household durables
1947-49 = 100..
Appliances, household
do _
Furniture household
do
Radios
do
}
Television sets
do
Hides, skins, and leather products
do
Footwear
do
Hides a n d skins
. __ __ _do
Leather
do
Lumber and wood products
Lumber
_ _ _.
do
do__
1
9
7
5
9
T
r
r
r H3 f.
r 19] §
121.4
121.6
121.3
121.5
121.4
121.6
121.3
121 5
121 4
121 4
Machinery and motive products
do
121 6
122 0
T
121.5
121.5
121.5
121.6
121.5
121.5
121.5
Agricultural machinery and equip
do
121.8
121.7
121.6
122. 2
121.8
122.3
125.4
125.4
125.3
124.9
125. 8
125 8
125.3
Construction machinery and equip
do
126.2
126.2
126. 3
126. 3
' 127. 1
128. 6
120.8
120.0
120.9
119. 9
119.8
119.' 0
119.7
119.5
Electrical machinery and equipment-do
119.6
119.6
119.7
' 119. 9
121.3
119.7
119.7
119.7
119.7
119.7
Motor vehicles
do
119.7
119.7
118 9
119.9
120.0
119.8
119.7
119.7
J
'Revised.
Index on base previously used (1935-39=100) is 190.1.
§May 1953 indexes: All farm products, 259; crops, 247; food grains, 244; feed grains and hay, 206; tobacco, 424; cotton, 266; fruit, 226; truck crops, 204; oil-bearing crops, 289; livestock
and products, 270; meat animals, 299; dairy products, 264; poultry and eggs, 218.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
cfFor actual wholesale prices of individual commodities, see respective commodities.
fRevisod series. Consumer price indexes through 1952 reflect shift in base period and changes in classifications; data beginning 1953 represent the completely revised or "new index", incorporal
bating revised weights, expanded sample of items, and revised sample of cities; revised data for 1913-51 appear on p. 23 of the April 1953 SURVEY. Revised wholesale price indexes reflect
use of new base period, expansion of commodity coverage, and changes in the classification system, weights, and calculation method; for monthly data (1947-51), see pp. 22-24 01if the March 1952
SURVEY; for monthly data (1926-46) for "all commodities" and "all commodities, except farm products and foods", see p. 24 of the June 1952 issue.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1952
April
May
June
July
August
1953
September
October
November
December
January
February
March
April
COMMODITY PRICES— Continued
1
WHOLESALE PRICEStf —Continued
U. S. Department of Labor indexes (revised) :J— Con.
Commodities other than farm prod., etc.— Con.
Metals and metal products
1947-49=100
Heating eQiiipment
do
Iron and steel
do
Nonferrous metals
do
N on metallic minerals structural
do
Clay products
- do_ _
Concrete products
do _
Gypsum products
do
Pulp paper and allied products
Paper
Rubber and products
Tires and tubes
Textile products and apparel
Apparel
Cotton products
Silk products
Synthetic textiles
Wool products
do
do
do
do
do
do
do
do
. _ _ do
do
Tobacco mfrs. and bottled beverages A- --do
Beverages, alcoholicA
do
Cigarettes A
- do. ._
122.5
113.9
123.0
124.8
112.8
121.3
112.4
117.7
121.8
113.7
122.8
122.0
112.9
121.4
112.4
117.7
121.1
113.5
122.4
120.0
113.8
121.4
112.4
117.7
121.9
113.6
122.3
124.0
113.8
121.3
112.4
117.7
124.1
113.7
127.2
124.4
113.8
121.3
112.4
117.7
124.6
113.7
127.5
124.7
113.8
121.3
112.7
117.7
124.1
113.7
127.3
122.9
114.4
124.0
112.7
117.7
123.9
113.6
127.0
122.5
114.5
124.0
112.7
117.7
124.0
113.6
127.0
122. 3
114.6
124.0
112.7
117.7
124.0
113.8
127.1
122.5
114.6
124.0
112.8
117.7
124.6
113.9
127.5
124.4
114.6
124.0
112.8
117.7
125.5
113.9
127.7
131.5
r
115. 1
' 124. 3
112.8
118.3
125. 0
113.8
127.7
128. 2
116.9
124.6
114.2
122.1
117.4
123.5
140.6
133.0
99.9
101.2
98.6
128.4
86.7
109.2
116.9
123.5
140.4
133.0
99.3
100.8
97.2
128.8
86.8
111.7
116.7
124.2
133.4
130.5
99.0
100.3
95.4
129.8
88.6
112.8
115.3
123.8
130.0
129.6
98.9
99.5
96.1
134.7
89.2
113.9
115.6
124.0
127.8
126.3
99.1
99.1
97.6
139.3
90.5
113.3
115.6
124.0
126.3
126.3
99.5
99.3
98.9
139.3
89.9
112.4
115.5
124.9
126.0
126.3
99.2
98.4
99.2
140.0
89.5
113.2
115.5
124.9
126.4
126.3
98.6
98.3
98.4
139.3
89.0
112.6
115.9
124.9
127.7
126.3
98.2
98.3
97.7
139.7
87.8
112.6
115.8
124.9
127.3
126. 3
98.8
100.0
97.0
141.4
88.1
113.0
115.3
124.9
126.2
126.3
98.5
99.9
96.1
141.4
88.3
111.5
' 115. 1
124.9
125.7
126.3
'97.5
99.6
93.1
141.4
87.9
' 111.9
115.3
124.9
124. 8
126.3
97.4
99.9
92.9
131.6
88.0
111.3
112.0
110.5
112.0
112.0
' 110. 5
112.0
112.0
' 110.5
112.0
112.0
'110.5
112.0
112.1
' 110. 5
112.0
112.1
' 110.5
112.0
112.1
'110.5
112.0
112.1
' 110.5
112.0
'111.9
' 110.1
112.0
111.9
110.1
112.0
114.8
110.0
124.0
114.8
110.0
124.0
89.6
'88.5
'87.5
'89.9
'88.2
'87.3
'89.4
'87.6
'86.0
'89.1
'87.5
'85.8
'89.4
'87.6
'86.7
'90.0
'87.6
'87.0
'90.3
'87.5
'87.0
'91.2
'87.6
'87.9
'91.0
'87.8
'88.4
'91.2
'88.2
'89.7
'90.9
'88.0
'89.5
'91.4
188.0
189.7
112.0
' 110.5
r
112.0
PURCHASING POWER OF THE DOLLAR
As measured by —
Wholesale pricesf
Consumer pricesf
Retail food pricest
1947-49=100-- do_ _
do
« '89.4
v 1 88. 6
o '87.8
T
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY 9
New construction total
mil.ofdol
Private, total
do
Residential (nonfarm)
_ _ do .
New dwelling units
do
Additions and alterations
- do
Nonresidential building, except farm and public
utility total
mil.ofdol
Industrial
do
Commercial
_
- _ - do
Farm construction
do
Public utility
.. -- -do
Public, total
Residential
__
Nonresidential building
Military and naval
Highway
Conservation and development
Other types
do _
do
do
do _
do
do
do
2,516
2,743
2,945
3,027
3,095
3,098
3,011
2,787
2,513
2,320
2,225
2,448
2,649
1,690
849
750
87
1,811
922
810
99
1,925
983
865
103
1,994
1,023
905
101
2,037
1,047
930
99
2,030
1,049
935
96
1,988
1,048
935
95
1,924
1, 033
925
90
1,789
953
865
70
1,628
817
735
64
1,578
761
675
67
1,716
840
750
71
1,825
910
800
90
386
194
73
136
313
392
188
82
157
333
404
182
92
171
359
411
180
97
180
371
418
181
98
183
381
430
187
101
168
376
434
189
104
139
360
435
190
109
117
331
421
187
107
103
304
425
195
109
103
275
425
195
112
110
274
430
198
114
122
316
425
193
113
137
344
826
54
343
109
175
68
77
932
54
356
116
250
72
84
1,020
54
375
119
310
76
86
1,033
53
375
121
320
76
88
1,058
55
373
129
335
75
91
1,068
53
369
127
350
79
90
1,023
52
352
125
330
77
87
863
49
332
117
215
70
80
724
47
314
107
120
62
74
692
46
309
105
105
56
71
647
44
295
95
95
51
67
732
46
325
107
120
58
76
824
48
351
109
170
64
82
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
63, 709
50, 097
52, 078
50, 845
52, 909
47, 006
Total projects
number
Total valuation
thous. of dol 1,597,517 1, 563, 660 1, 488, 850 1,511,285 1, 438, 725 2,039,203
557,803
618,737
559, 140
636, 357
501, 258 1, 269, 355
Public ownership
do
961, 160 1, 005, 857
892, 548
929,710
937, 467
779, 848
Private ownership
_
do
Nonresidential buildings:
Projects
Floor area
Valuation
_---.
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
Valuation
Utilities:
Projects
Valuation
34, 661
34, 561
50, 484
35, 475
41, 569
50, 542
55, 435
1,310,958 1, 248, 803 1, 467, 384 1, 075, 868 1,021,310 1, 347, 518 1, 741, 542
477, 693
350, 709
490, 650
416, 577
449, 779
672, 838
410, 433
670, 601
989, 691
758, 153
626, 089
930, 941 1, 068, 704
890, 525
number
thous. of sq. f t _ _
thous. of dol
4,449
39, 343
562, 256
5,088
37, 346
462, 863
5,022
41,725
551, 500
5, 468
40, 979
562, 686
5,196
38, 912
519, 940
4,289
29, 257
1,272,367
5,161
38, 822
470, 520
4,382
39, 788
461,476
3, 589
51, 596
713, 100
3, 651
32, 343
406, 914
3,529
31,115
374, 321
4, 760
35, 566
4497 175
5,416
44, 455
680, 330
numberthous. of sq. ft
thous. of dol
43, 447
73, 847
681,614
55, 759
82, 579
753,755
43,012
62, 176
581,792
43, 465
64, 003
608, 078
44, 943
65, 863
627, 596
40, 440
56, 743
518,471
43, 312
65, 489
602, 313
35, 487
55, 872
528, 429
29, 808
48, 996
438, 580
30, 674
51,315
460, 036
29, 960
46, 658
418, 568
44, 115
65, 393
605, 200
47, 761
70, 602
673, 887
number._
thous. of dol
1,814
241, 740
2,353
219, 628
2, 266
245, 969
2,680
243, 458
2,310
208, 887
1,838
176, 652
1,665
152, 455
1,336
195, 265
911
134, 114
835
152, 793
778
135, 326
1,247
219, 157
1,849
293, 569
number
thous. of dol__
387
111,907
509
127, 414
545
109, 589
465
97, 063
460
82, 302
439
71, 713
404
85, 670
364
63, 633
353
181, 590
315
56, 125
294
93, 095
362
73, 986
409
93, 756
Value of contract awards (F. R. indexes):!
Total, unadjusted
1947-49=100 _
Residential, unadjusteddo _
Total, adjusted
do
Residential, adjusted _ .
do
196
222
171
189
203
221
168
186
200
213
172
193
194
199
177
196
218
192
207
193
209
192
207
191
201
181
210
185
177
172
196
178
166
156
205
183
156
144
190
173
151
163
173
182
1, 180, 340 1, 433, 642 1, 140, 654 2, 310, 504 2, 210, 572
952, 218
Engineering construction:
Contract awards (ENR) §
-
thous of dol
1,446,381 1, 079, 879
'180
' 186
' 177
'176
206
212
180
181
906, 976 1, 886, 520 1, 023, 021 1, 200, 048 1, 473, 244
Highway concrete pavement contract awards:©
6,702
4,874
6,587
7,047
5,386
6,081
2 4, 675
5,258
5,537
3,509
7,006
2,571
9, 537
Total
thous. of sq. yd__
791
729
1,512
843
238
390
1,691
1,070
495
1,226
446
1,652
Airports
do
1,675
2
2,657
3,128
1,051
2,652
3,401
2,622
2,
775
1,193
2,901
1,481
1,486
3,215
Roads
do
4,590
3
2,359
2,803
3,201
2,783
2,248
1,454
2,795
988
2,259
1,533
1,026
2,140
Streets and alleys
do
3,273
1
' Revised.
Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.8; consumer prices, 52.6; retail food, 44.4.
2 Data include some contracts
awarded in prior months but not reported.
cfFor actual wholesale prices of individual commodities, see respective commodities.
JSee note marked "t" on p. S-5.
ARcvised to reflect change in method of calculating excise taxes and discounts; comparable data prior to March 1952 will be shown later.
fRevised series. Purchasing-power data arc based on revised price indexes shown on p. S-5. Indexes of contract awards reflect use of new base period. Revisions prior to 1952 for
purchasing power and prior to 1951 for contract awards will be shown later.
9 Revisions for 1947-50 appear on p. 20 of the March 1953 SURVEY. Revisions for January-March 1951 (except for grand total, total public, and military and naval, which have been
further revised and will be shown later) appear at bottom of p. S-4 of the June 1952 SURVEY. §Data for May, July, and October 1952 and January and April 1953 are for 5 weeks; other
months, 4 weeks. ©Data for May, July, October, and December 1952 and April 1953 are for 5 weeks; other months, 4 weeks.
o Revisions for January, February, and March 1952 are as follows: Measured by—wholesale prices, 88.5, 88.9, S9.0; consumer prices, 88.4, 89.0, 89.0; retail food, 87.0, 88.8, 88.7.
June
SURVEY OF CUEEENT BUSINESS
1953
3-7
1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
May
April
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
March
ary
April
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U. S. Department of Labor)
number- - 106, 200
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total
number. - r 65, 560
* 56, 325
Privately financed, total
do
r 4f , 964
Units in 1-family structures. _
._
do _
3,566
Units in 2-family structures
do
6,795
Units in multifamily structures
do
9,235
Publicly financed, total
do .
Indexes of urban building authorized :f
143.3
Number of new dwelling units
1 947-49 = 100 _ _
155. 0
Valuation of building, total
do
184.9
New residential building
__
do. 121.8
New nonresidential building .
do
119.5
Additions, alterations, and repairs
do._ -
109, 600
103, 500
102, 600
99, 100
r
' 55, 917
48, 909
41, 107
3.080
4,722
' 7, 008
r 53, 119
50, 636
41, 842
2,938
5,856
' 2, 483
r 50, 431
r 48, 768
'39,110
r
3, 289
6,369
r
1, 663
60, 088
' 53, 352
r r43, 672
3, 550
r
6, 130
r
6, 736
100, 800
101, 100
86, 100
r 54, 229
r 52, 528
' 42, 767
3,588
r
6, 173
r
1, 701
54, 409
52, 785
42, 655
3,055
7 075
1,624
' 40, 789
38, 314
«• 30, 854
' 2, 521
'T 4 939
2, 475
r
' 72, 100
' 79, 200
97, 000
1 110, 000
r 38, 429
r 38, 046
' 33, 905 34, 756
'T 26, 309 26, 783
2, 485
2,347
' 5 111 r 5 626
r
4, 141
3, 673
' 44, 135
39, 477
31,002
2,799
5 676
r
4, 658
r 65, 203
55, 935
44, 598
3,324
8 013
r
9, 268
59, 920
56, 946
45, 959
3,436
7, 551
2,974
71, 500
129.5
147.0
171.2
113.5
133.2
121.8
157.0
161.7
152.7
149.4
116.0
145.6
150.9
139.9
138.7
108.2
133.8
139.4
128.6
124.6
117.1
143.0
155.2
127.8
132.9
119.9
147.8
161.2
132.9
131.9
88.9
114.3
117.9
114.6
100.0
83.1
108.9
106 6
119.6
92 8
85.0
106.6
107.4
108.5
99.6
'95.8
' 120. 2
' 124. 9
119.5
119.7
120.8
383
121.8
122.4
122.7
383
122.6
122.5
122.5
383
122.8
545
582
552
499
541
379
548
584
554
504
543
381
550
588
554
504
544
382
555
600
554
513
549
391
558
602
555
513
549
393
561
604
556
514
551
394
562
604
557
521
551
397
564
604
572
521
551
398
567
604
573
522
558
399
238.3
238.5
248.9
239.4
239.2
249.5
242.1
241.3
251.9
243.5
242.9
252.7
245.3
244.5
253.8
246.0
245.2
254.4
246.4
245.5
254.2
246.4
245.3
253 4
241.0
239.3
245.1
252.1
223.3
242.2
240.7
245.8
252.8
226. 1
245.3
243.4
247.8
255.8
226.4
246.8
245.7
248.8
256.4
229.5
248.6
247. 5
249.8
257.0
231.2
249.4
248.5
250.5
257.3
232.2
249.8
248.2
250.5
256 8
232.4
249.4
246.9
250.0
247.4
252.5
249.8
253. 3
250.4
254 2
251. 1
254 8
251.5
121.3
123.0
122.0
124.0
122. fi
126.0
124.9
128.9
125.6
129.5
125.6
129 9
r
r
T
142. 8
170. 0
193 4
* 148. 7
r
131 4
131.0
180.9
180.4
194.8
150.8
122.6
123.0
383
123.4
568
611
574
522
560
398
567
611
574
523
559
398
566
614
579
525
561
399
572
614
587
525
564
401
246.3
245 1
253 3
246.6
245.6
254 1
246.5
245.3
253 9
247.3
245.9
254 3
247.7
246.2
254. 6
249.7
248 0
250.0
255 8
232.3
249
248
249
255
232
251
248
250
256
232
251
248
250
256
232
1
9
4
4
5
252 6
249 2
250 8
256 6
233. 1
253.2
249 5
251. 3
256 6
233.3
254 6
251.2
253 8
250 3
253 7
250 1
254 4
250 9
254 3
250 8
254 8
251 2
255 1
251 4
126. 0
129 9
125.7
129 7
125 7
129 6
125 8
129 6
125 7
129 7
!26 2
r 130 2
126 1
130 1
r 118. 2
»• 106. 8
CONSTRUCTION COST INDEXES
Department of Commerce composite t- 1947-49 =100. Aberthaw (industrial building)
1914=100 American Appraisal Co.:
Average 30 cities
-- - 1913=100-Atlanta
do
New York
_.
...do San Francisco
do
St Louis
- _
__do
Associated General Contractors (all types). .-do
E. H. Boeckh and Associates:!
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete.-U. S. avg. 1926-29=100.Brick and steel
- do-- Brick and wood
- do Commercial and factory buildings:
Brick and concrete
do
Brick and steel
do Brick and wood
do..
Frame
-~
do Steel
do. Residences:
Brick
do
Frame
- -do. __
Engineering News-Record :fcf
Building
1947-49 = 100-Construction
do
Bu. of Public Roads— Highway construction: A
Composite standard mile
1946=100
136.2
137.5
8
5
9
5
3
0
9
6
6
6
r
139 4
138 6
CONSTRUCTION MATERIALS
Production of selected construction materials, index:}
Unadjusted
1939 = 100
Adjusted
--do -._
156.2
157.1
156.9
148.3
149.2
139.4
149.7
140.7
173.6
153.4
177.6
165.2
185 2
167. 1
156 1
157.5
149 0
168 6
r 145 2
r
170 0
r 142 6
r 172 8
v 160 9
v 170 3
183, 801
243, 087
206, 739
226 936
211, 027
243 300
189, 690
247 529
193, 370
227 910
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount 9
164,982
139, 008
143, 154
162, 167
thous. of dol. . 129, 352
184, 356
211, 042
244, 042
202, 758
195, 987
189, 189
Vet. Adm.: Face amount
-..
...do
202, 746
217, 292
220, 008
Federal Home Loan Banks, outstanding advances
591
581
653
656
to member institutions
mil. of dol
752
687
715
New mortgage loans of all savings and loan associa549, 140
586, 842
586, 035
595, 994
617, 431
tions, estimated total
thous. of dol.616,352
658, 787
By purpose of loan:
197, 525
182, 636
191, 812
190, 039
199, 720
Home construction
do_
192, 667
207 589
251, 884
257, 069
264, 692
238, 587
279 192
?85 337
Home purchase
do
303 107
49, 446
49, 595
53, 014
50, 076
Refinancing
do _
50, 457
54 597
50, 850
24, 238
24, 452
21, 797
25, 065
24 625
Repairs and reconditioning
do
26 097
25 997
56, 674
64, 128
63, 184
62, 098
63, 044
67 497
Al] other purposes
do
61, 794
New nonfarm mortgages recorded ($20,000 and
under), estimated total
thous. of doL- 1, 482, 161 1, 511, 488 1, 512, 734 1, 590, 319 1, 597, 783 1, 587, 523 1, 727, 343
12.1
11.1
11.3
11.7
11. 1
12.4
Nonfarm foreclosures, adjusted index. 1935-39=100-11.6
62, 354
67, 380
58, 585
61, 675
56, 462
Fire losses
thous. of dol
58, 949
63, 958
201, 159
151 570
791
864
683
627
611
626
522, 681
541, 295
497, 314
523, 210
639, 133
677, 941
163 074
243 H2
42 379
20 148
53' 968
161
248
49
19
61
147
222
49
18
60
164
222
52
20
63
205
266
62
25
79
225
288
60
26
77
405
448
739
730
973
444
232
Oil
408
219
177
353
694
253
733
584
289
308
121
831
896
443
425
062
115
1,492,390 1, 553, 457 1,400,615 1, 391, 203 1, 626, 602 1, 708, 623
10.6
13.2
11.8
13.1
13.4
65 129
74 127
83 471
67 362
76 659
72 706
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
Combined index _
.
_ ._ 1935-39=100-Business papers
do
Magazines
do
Newspapers. ._
._. _
do _
Outdoor
do
Radio
do
Tide advertising index, unadjustedf-- 1947-49= 100. _
Radio advertising:
Cost of facilities total
thous of dol
Automotive, incl. accessories _
do _.
Drugs and toiletries
do
Electric household equipment-.. __ _ -._do_ __
Financial
do
Foods, soft drinks, confectionery.. __ _ do _
Gasoline and oil
do
Soap, cleansers, etc.- _ _ . _ ._
do.. _
Smoking materials
do
All others
do
T
514
404
294
362
247
153.2
433
515
388
310
354
236
154.1
436
520
362
329
372
241
140.8
445
554
403
327
359
226
114.2
456
548
369
310
383
254
111.2
456
547
387
318
344
264
141.9
475
529
420
340
378
268
165.4
473
570
408
330
371
256
157.6
488
539
394
323
373
265
127.3
465
553
390
338
382
248
119.6
466
561
411
332
369
244
134.4
13, 948
319
3,847
171
356
3,802
431
1,624
1,596
1.801
13, 970
370
3,885
153
365
3,734
424
1,698
1,546
1.795
12, 972
345
3,612
251
343
3,233
452
1,660
1,416
1.659
11, 254
196
2,658
1,004
338
2,604
381
1,079
700
2.296
10, 974
256
3,003
349
367
2,971
434
1,257
776
1. 559
12, 890
323
3,254
337
331
3,319
455
1,623
1,042
2.206
15, 442
396
4,287
464
308
3,683
376
1,704
1,292
2. 930
14, 478
640
3,787
474
285
3,424
366
1,482
1,277
2.744
14, 925
522
4,278
357
323
3,789
446
1,588
1,322
2. 301
13, 878
598
4,212
388
215
3,510
446
1,192
1.295
2 0291
12, 660
397
3, 846
329
203
' 3, 178
409
1,118
1,291
r438
1 8QO
500
566
421
361
398
256
164.9
498
564
426
350
391
249
171.6
' 14, 640
520
4,403
349
234
r
3, 557
454
1,324
1,463
9. SSfi
14, 158
507
4, 268
385
223
3,582
402
1,331
1,415
9 044
Revised.
* Preliminary.
1 Data for May 1953, 107,000.
ARevised to new base and to reflect other adjustments; data prior to March 1952 will be shown later.
tRevised series. Indexes of urban building and construction costs (Dept. of Commerce and ENR) reflect use of new base period; revisions prior to February 1951 for urban building and
prior to August 1951 for Engineering News-Record indexes will be published later. Revised indexes (Dept. of Commerce composite) for 1915-38 (annual) and 1939-51 (monthly) are shown
on p. 24 of the August 1952 SURVEY. The Tide advertising index has been completely revised to incorporate new base period and other major changes, including addition of data for network television; figures back to 1940 will be available later.
§ Copyrighted data; see last paragraph of headnote, p. S-l.
cfData reported at the beginning of each month are shown here
for the previous
month,
t Revisions for January 1951-March 1952 for urban building authorized and for January-November 1951 for construction materials will be shown later.
9 Revised to
include additional data; figures prior to February 1952 are available upon request.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1952
April
May
June
July
August
1953
September
October
November
December
January February March
April
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Magazine advertising.^
Cost, total
thous. of dol__
Apparel and accessories
do
Automotive, incl. accessories
do
Building materials
do
Drug's and toiletries
do
Foods, soft drinks, confectionery
do
Beer wine, liQuors
do
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
Display, total
Automotive
Financial
General
Retail
_
do
do
do
do
..do
do
do
_
_
' 59, 680
5,031
4, 961
3, 669
6,707
7,157
2, 479
60,016
4,735
5,237
3,296
6,166
6,742
2,619
51, 515
3,119
4,925
2,842
7, 051
7, 660
2,331
35, 240
862
3,702
1,388
5,816
5, 695
1,977
38, 442
3, 588
3, 671
1, 549
5, 456
5, 472
1, 672
56, 978
6, 469
4, 366
3, 127
6, 653
6,883
2,388
63, 494
5, 250
4,775
3 139
7,556
9,047
2,924
63, 849
4 296
5, 102
2 363
7 657
8, 753
3 250
48, 083
3 802
2, 507
942
5, 502
6, 957
4,261
35, 018
1 563
4,033
1 343
4, 461
5, 173
1,480
50, 682
3 271
4,744
2 099
6, 068
8, 758
2,314
65, 645
5 884
6,199
3 343
7,018
9, 653
2, 606
65, 525
4,593
6, 135
3,832
6, 425
8,230
2,625
4, 395
3, 645
3,922
1,468
1,271
14, 975
5,004
3, 867
4,016
1, 376
1,395
15, 564
3,407
1,788
3,572
941
1, 566
12,311
1, 646
579
2,643
745
1,198
8,989
1,375
979
2, 861
774
1,398
9, 648
3,688
2 747
3 774
1 266
1 437
14 182
4, 590
4,015
3 981
1 , 509
1 480
15,228
4 171
3 290
4 175
1 499
1 527
17 838
3,209
1,744
3 118
818
1 669
13, 555
1.013
938
2 P39
830
1 112
10, 434
2,115
1 555
3 025
1,272
1 388
14 074
4, 675
2, 551
3 618
1, 699
1 444
16 954
5,614
4,173
4,079
1,711
1,260
16,849
4,468
4,093
3, 213
3,133
3,960
4,798
4,898
4,299
3,162
3, 667
4,251
4,991
4, 699
218, 407
52. 790
165,617
9,565
3,133
31, 742
121, 177
225, 606
56, 670
168, 936
10. 457
2,684
33, 444
122, 352
209, 25]
52, 744
156, 506
10. 288
2, 762
31,251
112,204
175, 447
47, 979
127.468
7.351
3, 046
25. 674
91,398
186, 555
52, 741
133, 814
7,781
1, 894
22, 061
102, 077
214 509
54 124
160. 385
7, 367
2, 596
29,711
120, 709
245 004
56, 593
188. 410
10 383
2, 518
39,411
136. 098
234 873
52 399
182, 474
10 734
2, 400
34 359
134, 981
219, 798
45, 563
174, 235
8,847
2, 550
24, 506
138, 332
182, 718
50, 052
132, 666
9, 121
3,808
21,433
98, 304
186,115
49, 479
136, 636
8,720
2,377
26, 537
99, 001
231,721
58, 456
173, 264
10, 877
3.017
33, 812
125, 559
233, 487
58,194
175, 292
12, 534
2,910
35, 090
124, 758
7,255
132, 616
6,719
123, 981
6,511
122, 134
6,242
119, 289
6,174
119, 935
6,711
127, 034
6,764
J25 622
6 275
114 728
7,299
131, 677
6,672
121, 828
6,423
120, 178
7,928
150, 315
6,946
128, 270
r
POSTAL BUSINESS
Money orders issued (50 cities):
Domestic:
Number
Value
thousands _
thous of dol
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :J
(L
,
gOOQb, tO fU
-
-
Furniture ind household equipment
do
pi ±Y\' a rirl Qboo"
do
17
C
d
do
r\
^
1'n
C
&
1 h 1" h v
nd oil
Semidurable housefurnishings
do
Oth
dn
f\
hi
d
Hormehold oneration
Housing
do
do
Recreation
Transportation
do
do
214.9
215 0
222. 0
226.2
26 4
11.3
10.8
4.3
24
8
11
4
2
8
2
3
27.3
11.2
11.7
4.5
29 8
13 3
12.0
4 5
117.8
20.0
72.3
6.0
2.0
5. 1
12.4
118
20
73
6
2
5
12
9
3
2
1
1
1
1
121.4
21.9
73.5
6.3
2.0
5.2
12.5
121.7
21 4
74. 1
6 5
2.0
5 2
12.5
71.9
10 9
23. 5
4 3
4.3
5.9
22 9
73.3
11.2
24. 0
4.3
4.2
6.0
23.6
74.6
11.4
24.5
4.4
4.3
6.2
23.9
70.8
10.9
23.2
4.2
4.1
5.8
22.5
RETAIL TRADE
A 11 retail stores :f
Estimated sales (unadjusted), total. .. mil. of dol__
Durable-goods stores
__ _
-do
Automotive group
do
Motor-vehicle, other automotive dealers
mil. of doL.
Tire, battery, accessory dealers
do
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
Jewelry stores
_
_
.
do
Lumber, building, hardware group _ _ d o
Lumber, building-materials dealers. _ do
Hardware stores .
_
do
Nondurable-goods stores
do
Apparel group
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Family and other apparel stores
do
Shoe stores
__ . -do ..
Drug and proprietary stores
do
Eating and drinking places
. ._
_do __
Food group
Grocery stores
Gasoline service stations
General-merchandise group
Department stores, excl. mail-order _
Mail-order (catalog sales)
Variety stores
Other general-merchandise stores
Linuor stores
- _ _ _ _ _ _
do
_do
do
do
-do
do
-do
do
-do __
13, 396
4,573
2,372
14, 350
5, 224
2, 826
13, 814
5, 122
2, 757
13, 396
4, 627
2,374
13, 448
4,410
2,103
13, 620
4, 670
2,353
14, 819
5, 116
2,681
14, 008
4, 514
2,319
16,910
5, 214
2,378
13, 054
4, 450
2, 546
2,219
154
647
392
255
90
869
640
229
2, 647
179
738
456
282
117
941
697
244
2,582
175
740
442
298
108
939
700
233
2,200
174
713
419
294
95
923
709
214
1,929
174
754
468
286
104
905
689
216
2,179
174
756
445
311
100
924
700
224
2, 509
172
834
495
339
123
961
728
233
2, 166
153
823
481
342
126
812
593
219
2,175
203
1,039
571
469
338
878
588
290
2,411
136
676
374
302
96
684
518
166
8, 823
910
186
380
180
164
370
992
9,126
871
192
352
172
154
386
1,059
8, 092
832
198
308
178
148
380
1,004
8, 769
700
161
274
142
124
388
1,130
9, 038
770
163
316
156
136
392
1,149
8, 950
910
196
365
184
165
374
1, 114
9, 703
1, 023
240
411
221
151
401
1,122
9,493
1,003
259
384
216
144
385
1,044
11,696
1, 533
427
560
353
194
513
1,109
3,248
2,601
781
1, 467
815
99
244
309
241
3,419
2,792
834
1,531
871
94
240
325
266
3,228
2,644
847
1,444
808
98
224
314
235
3, 397
2, 764
905
1, 269
667
86
212
304
254
3, 453
2,820
915
1,450
783
104
236
328
260
3, 242
2,641
866
1,523
857
117
225
324
250
3,440
2,787
902
1, 773
979
137
258
398
283
3,427
2, 763
852
1, 769
978
139
257
395
289
3, 555
2, 843
872
2, 790
1, 521
187
521
561
411
'13,956
' 4, 969
' 2, 848
14, 301
5,212
2,973
2,377
124
656
355 |
301
89
660
492
167
' 2, 705
'143
'676
'391
' 285
'95
' 788
' 588
'200
2,819
155
684
394
290
102
892
672
220
8, 604
740
187
286
156
111
392
1,008
7,972
616
145
254
126
91
387
940
' 8, 986
'893
'184
' 368
' 1 90
' 150
'398
' 1,055
9,088
886
184
367
181
154
375
1,051
3, 395
2,756
779
1,239
673
88
186
293
229
3,095
2, 526
752
1,171
624
94
193
260
230
' 3, 301
' 2, 667
'810
'1,466
'810
115
' 232
'309
'242
3, 375
2,729
835
1,488
825
98
250
315
252
12, 329
4,357
2,501
^Unpublished revisions for magazine advertising are available upon request for the following periods: January, February, March, and October 1950: January, February, September, October,
November, and December 1951; January 1952. Revisions of personal consumption expenditures (1949-51) are shown on p. 20 of the November 1952 SURVEY.
t Revised series Beginning with the September 1952 SURVEY, retail sales data have been replaced by a new series based on new sampling procedures developed by the Bureau of the Census.
The new estimates begin with January 1951; see pp. 16 fl. of the September 1952 SURVEY for figures covering the entire year 1951 for both the new and old series and for discussion of the new
data, January 1952 revisions for the adjusted series are available upon request.
SURVEY OF CURRENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-9
1953
1952
April
May
1
June
July
August
September
October
November
December
January
February
March
April
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores—Continued
Estimated sales (adjusted), totalf
mil. of dol._
Durable-goods stores
do
Automotive group
_-do
Motor-vehicle, other automotive dealers.do
Tire, battery, accessory dealers _ -do __
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance, radio stores
do
Jewelry stores
, ___
_ - do
Lumber, building, hardware group
do
Lumber, building-materials dealers --do
Hardware stores
do
Nondurable-goods stores
_ _
Apparel group
Men's and boys' wear stores
_
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
_
do
do
do _
do
do
do
do
do
Food group
_ _ -.
_ do- _
Grocery stores
do
Gasoline service stations _ _ - - _ _ _ _ d o _
General-merchandise group
do
Department stores, excl. mail-order- _ do
Mail-order (catalog sales)
do
Variety stores
_
_ _ _ _ do.__
Other general-merchandise stores
do
Liquor stores
__do_- Estimated inventories:^
Unadjusted, total
_
Durable-goods stores
Nondurable-goods stores
_
_ do
do
do
Adjusted, total
do _ _
Durable-goods stores
do
Automotive group _. . _ _
_.do_
Furniture and appliance group
do
Jewelry stores
_ _ . __do __
Lumber, building, hardware group --do
Other durable-goods stores
_
_ do _
Nondurable-good stores
Apparel group
Drug and proprietary stores
Food group
General-merchandise group
Other nondurable-goods stores
do
do
do
do
do
do_
Firms with 11 or more stores :f
Estimated sales (unadjusted), total
do
Apparel group _
.
. _ _ _
do_
Men's and boys' wear stores
do
Women's apparel, accessory stores _ -do
Shoe stores
do
Drug and proprietary stores _.
do_.
Eating and drinking places
do
Furniture, homefurnishings stores _
do _ .
General-merchandise group
__
do
Department stores
do
Dry-goods, other g e n e r a l - m e r c h a n d i s e
stores
._ _ - mil. of dol Variety stores
do
Grocery stores
_. _ _ __
__ __
do _
Lumber, building-materials dealers
do
Tire, battery, accessory stores _ _ _ _ _ d o
Estimated sales (adjusted), total __ _ _
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Shoo stores
Drug and proprietary stores. ._ _ _
Eating and drinking places
_. _ _
Furniture, homefurnishings stores
_ do
do
do
do
do
- do
do
do
13, 363
4,494
2,299
2, 143
156
686
412
274
13, 850
4,927
2, 666
2,500
166
111
433
294
14, 014
4, 883
2,566
2,403
163
769
450
319
13, 667
4,494
2,254
2,098
156
746
436
310
13, 359
4,199
1,918
1,754
164
747
449
298
13, 570
4, 505
2,292
2,124
168
727
416
311
14, 202
4 844
2,644
2,490
154
754
449
305
14, 026
4 769
2,548
2,388
160
790
468
322
14, 410
4 871
2,617
2, 453
164
776
451
325
14, 140
5 000
2,738
2,572
167
773
443
330
14, 514
5 304
2,951
2,775
176
811
451
360
' 14, 437
'442
'326
14, 354
5 136
2 883
2,722
160
729
413
317
118
853
632
221
122
836
620
216
118
872
647
225
121
869
660
209
122
859
642
217
122
831
614
217
130
832
618
214
121
841
622
219
123
847
631
216
127
846
629
218
134
876
648
229
r
138
'915
'681
r 234
131
878
668
210
8, 869
860
190
355
180
135
388
1,040
8,923
853
198
336
182
137
386
1,064
9, 131
916
205
359
208
144
390
1, 060
9,173
881
210
350
183
138
390
1,070
9,160
894
206
360
188
140
395
1,067
9, 065
870
212
345
170
143
384
1,048
9 358
930
226
361
194
149
399
1 063
9 257
897
216
358
177
146
398
1 051
9 539
987
232
389
206
160
411
1 091
9 140
891
210
342
193
146
414
1 087
9 211
883
210
346
188
138
419
1 075
T
9 2^5
9 218
884
3,271
2, 636
810
1,483
805
106
245
327
264
3, 256
2, 641
806
1, 546
859
109
253
325
270
3,341
2 728
821
1, 593
882
116
255
340
271
3,402
2 756
833
1 535
831
118
252
334
274
3, 346
2 713
842
1 615
896
115
262
342
264
3,398
2 768
847
1 517
838
107
247
325
268
3 419
2 770
854
1 638
903
115
260
360
279
3 362
2 735
875
1 586
884
111
239
352
3 372
2 730
893
1 690
918
123
269
387
275
3 353
2 714
850
1 543
852
109
237
345
254
3 393
2 743
869
1 560
855
116
250
339
264
r 3 376
21, 103
10 128
10 975
20, 542
9 689
10 853
19, 825
9 229
10 596
19 209
8 621
10 588
19, 279
8 314
10 965
20 434
8 739
11 695
21 564
9 125
12 439
22 059
9 366
12 693
19 544
8 838
10 706
19 896
9 292
10 604
20 738
9 789
10 949
r 21 967
r lo 473
r 11 494
22 258
10 951
11 307
20, 477
9, 624
3,200
1 713
488
20, 125
9 030
2, 8f 4
1 625
494
2, 3C-4
1, 683
20 127
8 749
2 591
1 707
488
2, 332
1 631
19, 745
8 626
2 564
1 701
480
2,273
1,608
20
8
2
1
281
956
875
693
486
2,233
1,669
20 65°
9 175
3 093
1 643
500
2,229
1 710
20 895
9 384
3 212
1 643
4Q9
2,281
1 749
20 804
9 352
3 272
1 639
490
2,208
1 743
2() 814
9"539
3' 307
1 659
'496
2, 299
1 778
20
9
3
1
T 21 096
r 10 084
T 3' 500
21 500
10 336
3 656
2, 429
1,794
20, 069
9 112
2,888
1 667
479
2,380
1, 698
10, 853
2,503
782
2,057
3, 296
2,215
10,957
2,583
111
2,023
3,295
2,279
11,095
2, 636
760
2,110
3,271
2,318
11,378
2 714
7CO
2 080
3, 358
2 436
11,119
2 700
765
2 001
3,276
2 377
11, 325
2 748
752
2 099
3,351
2 375
11,477
2 817
799
2 091
3,383
2 387
11,511
2 830
801
2 089
3,424
2 367
11, 452
2 790
717
2 183
3,373
2 389
11, 275
2 703
760
2 119
3^384
2 309
2,440
199
19
77
67
59
51
24
2,586
176
18
73
57
60
53
31
2,423
173
18
67
60
59
52
26
2 333
132
12
57
45
59
54
23
2 504
143
11
63
48
60
54
26
2 476
175
15
69
f'O
58
54
26
2 744
191
21
76
53
61
56
30
2 666
182
21
74
49
60
50
31
3 457
293
35
119
80
87
55
3?
705
318
741
365
711
343
618
284
719
326
735
346
856
396
835
366
107
187
930
64
47
109
180
1,023
71
55
105
170
908
73
59
91
163
953
72
56
113
183
999
76
57
100
180
930
78
49
131
201
1 015
81
53
2, 446
170
17
68
53
62
51
26
2, 475
164
17
67
52
61
53
30
2, 559
176
18
71
57
62
52
28
2 520
171
19
72
2 562
174
18
73
56
62
53
25
2 545
169
16
66
55
61
54
24
757
326
119
204
985
68
52
61
54
25
724
General-merchandise group
do
770
745
729
Department stores _ _
do
323
325
352
344
Dry-goods, other g e n e r a l - m e r c h a n d i s e
115
stores
- __
mil. of dol
115
110
101
188
193
194
Variety stores
do
190
937
Grocery stores
do
984
960
936
65
67
Lumber, building-materials dealers
do
66
66
49
47
56
52
Tire, batterv. accessory stores..
do _ _ _
r
Revised.
fHevised series; see note marked "f" on p. S-8.
c? Data represent new estimates adjusted for comparability with the new series of retail sales, For
series (1949-51), see pp. 14 ff. of the November 1952 SURVEY.
973
905
457
662
491
2,449
1 846
r 5 211
r
2 802
' 2, 628
' 174
r 909
' 355
'204
r 148
T 397
r 2 741
T 845
r 1 582
'870
118
' 254
'340
' 263
9QO
354
194
137
396
1 110
3 386
2 760
865
1 536
831
106
260
338
275
r 1 651
' 488
' 2, 565
' 1 880
488
2,580
1 880
11,068
2 559
745
2 047
3,471
2 246
'11,012
T 9 506
'710
' 2 053
' 3, 497
' 2 246
11, 164
9 562
708
2 053
3, 579
2 262
2 285
132
15
51
38
60
50
20
2 145
119
13
47
36
57
47
22
' 9 485
' 188
' 19
' 74
56
60
' 54
' 28
2 539
178
16
70
61
60
54
24
1 335
5.30
556
248
543
233
r 684
135
203
1,020
64
49
205
414
1, 056
83
142
1 039
51
43
78
144
939
47
41
' 103
17°
999
'54
49
104
184
1 012
64
54
2 622
180
19
71
53
61
54
2 555
175
18
72
50
62
52
29
2 638
195
20
80
56
62
59
22
2 506
167
16
68
49
63
51
27
2 570
168
18
66
59
62
52
27
' 2 591
' 171
' 18
'64
55
61
' 53
31
2 571
168
17
67
52
62
54
26
729
328
783
351
735
323
317
345
727
345
756
359
' 769
' 357
739
338
102
199
1,009
62
50
120
204
1 009
62
52
119
189
1,013
64
53
145
210
1 003
64
52
98
181
995
63
60
101
187
1, 000
69
61
' 114
' 189
1 004
'69
57
112
190
1 018
65
58
302
712
332
the new estimates for December 1950 and the entire year 1951 and for revisions of the old
SURVEY OF CURRENT BUSINESS
S-10
Unless other-wise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1053
1952
April
May
June
July
1953
August
September
October
November
December
January February
March
April
DOMESTIC TRADE— Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month :f
Charge accounts
1 947-49 =100__
Instalment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent. _
Instalment accounts
do
Sales by type of payment:
C ash sales _
percent of total sales _ _
Charge account sales
do
Instalment sales
-do
Sales, unadjusted, total U. S.fAtlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
N e w York
Philadelphia
Richmond
St Louis
San Francisco
- 1947-49=100.do _do
do__
do
do._
do
do
_ _ _ _ _ do
do
do __
do
_ _ _ do
122
176
120
178
107
177
108
180
118
190
128
201
138
211
183
231
147
226
126
224
123
'222
122
220
46
18
48
19
46
18
46
17
46
17
47
18
50
18
48
17
48
17
47
17
44
15
49
17
47
16
48
43
9
47
43
10
47
43
10
48
41
11
48
41
11
46
43
11
46
43
11
47
42
11
49
42
9
47
42
11
47
42
11
46
43
11
47
43
10
103
118
103
99
104
114
104
101
94
103
M13
101
'104
108
122
102
104
105
125
112
105
95
108
115
106
113
105
117
103
103
105
116
106
96
95
102
114
103
108
84
96
73
82
82
104
93
84
69
76
87
81
96
98
115
83
97
99
114
110
103
76
86
100
98
112
112
126
111
110
110
128
115
108
100
110
121
110
115
119
132
111
116
119
134
120
124
110
120
128
121
117
133
145
127
129
139
145
132
120
123
143
142
126
136
195
221
193
186
194
215
196
175
175
195
214
179
207
85
97
84
82
87
101
86
74
78
82
84
79
91
87
104
80
84
89
101
91
80
79
85
89
85
94
103
124
95
101
107
117
103
93
91
106
109
99
102
*104
P116
plOl
104
103
117
P106
97
93
103
111
100
105
103
do _
__do
do
do
do
do
do
do
do
_ do
do
_ do_ __
do
99
100
104
114
104
98
96
102
''111
98
r
!06
108
127
101
104
103
128
112
104
96
107
116
102
118
111
138
103
105
112
132
114
100
98
107
122
111
114
105
120
106
97
105
123
114
104
95
106
106
99
110
114
131
109
111
113
127
119
115
102
115
127
110
116
106
121
101
103
105
119
108
98
95
105
112
104
114
115
126
109
113
116
128
113
110
105
114
120
114
118
113
128
105
108
113
129
117
107
98
109
115
106
128
115
130
108
116
117
130
120
110
101
111
121
113
119
111
127
104
107
116
129
114
99
97
111
119
108
116
111
124
106
109
115
125
113
109
96
115
117
106
117
113
128
106
114
116
125
114
106
100
112
122
107
112
107
115
103
108
105
121
P108
96
98
107
P115
^99
pllO
do_. do_ __
122
116
120
118
112
118
110
120
114
118
124
120
134
120
136
120
108
119
111
123
119
122
127
121
132
126
thous. of dol_.
do
_ _ _-do ._
332, 482
93, 423
239, 059
368, 073
101,381
266, 692
354, 385
92, 345
262, 040
304, 313
82, 995
221,318
351, 558
101,150
250, 409
373, 724
102, 462
271. 262
418, 732
118,142
300, 590
391, 569
108, 525
283, 045
546, 465
155, 594
390, 870
268, 261
62, 778
205, 483
258, 518
62, 171
196, 347
327, 550
87, 515
240, 036
345, 223
90, 564
254, 659
1935-39=100
__do. ._
do
. -do
do
. do
do
_ _ __do- _
do
do
299.6
273.7
319.7
280.2
344.5
313.1
288.1
348.3
287.1
368.4
283.9
253.5
301.8
269.8
327.7
316.5
282.3
364.1
304.5
365.7
308.3
280.0
345.4
286.9
370.7
345.5
311.1
397.5
313.2
396.5
249.5
215.6
270.5
234.6
313.6
336.3
304.5
387.0
314.1
384.3
315.6
280.7
330.8
295.3
396.2
342.3
320.1
368.4
318.9
404.3
344.5
299.7
390.4
316.8
415.6
311.5
289.0
343. 1
294.4
363.3
378.3
356.9
445.0
366.8
410.8
316.3
310.3
348.2
312.2
365.5
432.6
441.5
478.2
393.7
500.3
333.8
310.5
347.0
299.6
399.0
554.4
502.9
585.8
527.9
662.3
371.8
330.8
411.7
351.5
418.4
253. 7
238.6
281.0
237.2
286.3
335.1
314.8
351.2
316.3
389.0
277.7
254.3
308.1
254.7
301.9
331.8
306.4
354.1
318.4
404.1
322.5
316.3
349.5
312.1
352. 3
'r 347. 9
326. 0
' 379. 9
r
327. 8
' 404. 9
293.6
265.8
313.3
274.9
340.2
313.3
285. 8
348. 9
287.6
371.8
8,187
2,771
5,416
10,110
5,287
4,823
8,116
2,706
5,410
9,855
5,161
4,694
8,240
2,728
5,512
9,761
5,005
4,756
8,596
2,718
5,878
9,665
4,809
4,856
8,699
2, 646
6, 053
9,735
4,814
4,921
9,523
2,983
6,540
9,925
4,824
5,101
10, 389
3,254
7,135
10, 177
4,790
5,387
9,481
2,797
6,684
10, 202
4,860
5,342
9,765
2,853
6,912
9, 965
4,878
5,087
8,593
2,457
6,136
10, 111
5,099
5,012
8,195
2,619
5,576
10, 255
5,325
4,930
' 8, 866
2,910
'5,956
' 10, 434
5,547
' 4, 887
8,535
3,009
5,526
10, 354
5,571
4,783
158, 448
158, 657
158, 848
159, 068
110, 648
52, 502
58, 146
110, 936
52, 698
58, 238
111,210
58,324
111 300
52 932
58 368
Sales, adjusted, total U. S f
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
New York
Philadelphia
Richmond
St. Louis
San Francisco
Stocks, total U. S., end of month:f
Unadjusted
Adjusted
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
.
121
175
_
rl!5
WHOLESALE TRADE?
Sales estimated (unadj ), total
mil. of dol
Durable-goods establishments
_ __ _ _ do
Nondurable-goods establishments
do
Inventories, estimated (unadj.), total
do___
Durable-goods establishments _
__do
Nondurable-goods establishments _ __ _ _ do
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. armed forces overseas
thousands.,
156, 371
156, 568
156, 770
156, 981
157, 234
157, 505
157,768
158, 012
158, 233
109, 328
51, 762
57, 566
109, 426
51, 804
57, 622
109, 556
51, 872
57, 684
109, 692
51, 948
57, 744
109, 804
52, 000
57, 804
109, 906
52, 040
57, 866
110, 074
52, 144
57, 930
110, 198
52, 208
57, 990
110, 315
52, 265
58, 050
61, 744
64,390
63,698
63,146
43, 468
20, 230
43, 196
19, 950
63, 646
43, 218
20 428
62, 921
43, 240
19, 681
62, 416
43, 334
19 082
62, 712
43, 692
19, 020
63 134
43, 892
19 242
62 810
43 898
18 912
62, 228
42, 404
19, 824
61, 509
42, 275
19, 234
60, 524
41 974
18 550
60, 924
42 448
18, 476
61, 460
42 784
18, 676
61 228
42 794
18 434
5,366
EMPLOYMENT
Employment status of civilian noninstitutional
population: cf
Estimated number 14 years of age and over,
total
thousands
Male
- - - do ___
Female
_
do
Civilian labor force, total
Male
Female
Employed
Male
Female
Agricultural employment
Nonagricultural employment
Unemployed
_
Not in labor force
r
1
52, 886
do
do
do
42, 946
18, 798
62, 778
43, 262
19, 516
44, 464
19, 926
64, 176
44, 720
19, 456
63, 958
44, 396
19, 562
. do
do
do_
60, 132
41, 898
18, 234
61, 176
42, 290
18, 886
62, 572
43, 326
19, 246
62, 234
43, 476
18, 758
62, 354
43, 392
18, 962
__do
do
_ _ do
6,412
53, 720
1,612
6,960
8,170
54, 402
1,818
7,598
6, 9f>4
7,548
7,274
6,774
5,697
54, 216
1,602
54, 636
1,942
55, 390
1, 604
54, 712
1,438
54, 588
1,284
55, 454
1,418
55, 812
1,412
1
5, 452
i 55, 072
1
1, 892
55, 558
1,788
5, 720
55, 740
1,674
6 070
55, 158
1 582
47, 584
46, 648
45, 166
45, 516
45. 846
46, 208
46, 928
46. 552
47. 394
i 48. 232
48. 224
48. 076
48 490
do
62, 260
42, 604
19,656
61,862
42, 482
19, 380
l
Revised.
» Preliminary.
See note at bottom of p. S-ll.
t Revised series. Data have been revised to reflect use of new base period and to incorporate other major changes. Revisions back to 1919 for sales by districts will be shown later. Published revisions appear as follows: Accounts receivable (1941-51), p. 32 of the July 1952 SURVEY; total U.S. sales (1919-50), p. 32 of the February 1952 SURVEY; total U. S. stocks, p. 32 of the July
1952 SURVEY.
JData on total wholesale trade have been substituted for the series on service and limited-function wholesalers. For annual sales, 1939-48, and end-of-year inventories, 1938-48, see p. 24 of
the October 1951 SURVEY; revisions beginning 1949 appear on pp. 16 ft. of the October 1952 SURVEY.
cf See note at bottom of p. S-ll.
SURVEY OF CURRENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-ll
1952
April
May
June
July
1953
August
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION— Continued
EMPLOYMENT—Continued
Employees in nonagricultural establishments:!
Total, unadjusted (U. S. Dept. of Labor)
thousands ._
Manufacturing
do
Durable-goods industries
do
Nondurable-goods industries
do _
Mining, total
do
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands. _
Nonmetallic mining and quarrying
do
Contract construction
do
Transportation and public utilities
do___
Interstate railroads
do
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
General-merchandise stores. .
do
Food and liquor stores
do
Automotive and accessories dealers. ..do
Finance, insurance, and real estate
do
Service and miscellaneous
do_ __
Hotels and lodging places
do
Laundries
do
Cleaning and dyeing plants
do
Government
do
Total, adjusted (Federal Reserve)
do
Manufacturing
do
Mining
do
Contract construction.
__do_
Transportation and public utilities
do
Wholesale and retail trade^.
do _
Finance, insurance, and real estate
do
Service and miscellaneous.
_ _do _
Government
do
Production workers in manufacturing industries :J
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 ... __ _ _ _ d o
Furniture and fixtures
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown
thousands ._
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
thousands
Primary smelting and refining of nonferrous metals
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. .
Heating apparatus (except electrical) and
plumbers' supplies
thousands
Machinery (except electrical)
do
Electrical machinery _
do _ _
Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfs industries
do
47, 430
15, 994
9,254
6,740
890
103
61
351
47, 439
15, 855
9,189
6,666
887
102
66
343
47, 418
15, 624
8,833
6,791
816
72
65
294
47, 078
15, 402
8,530
6,872
784
69
61
267
48, 158
16, 280
9,142
7,138
893
103
63
340
48, 892
16, 680
9,440
7,240
886
100
63
339
49, 095
16, 778
9,594
7,184
871
99
63
330
49, 310
16, 874
9,750
7,124
871
101
62
331
50, 140
16, 952
9,856
7,096
870
102
62
331
48, 382
16. 884
9,880
7.004
866
102
61
331
48, 364
17,019
9,993
7,026
856
101
60
325
48. 626
17, 136
10, 103
7,033
846
99
57
319
274
102
2,435
4,149
1,404
135
648
274
102
2,543
4,184
1,416
133
669
283
104
2,751
4,198
1, 353
134
682
48
553
281
106
2,812
4,258
1,394
134
688
48
554
280
106
2,794
4,281
1,411
133
682
48
548
274
106
2,728
4,296
1,423
132
682
49
543
272
105
2,648
4,286
1,413
132
684
49
539
273
102
2,497
4,293
1,406
132
687
49
541
275
98
2,303
4,210
1,368
126
685
49
541
272
99
2,283
4,206
1,356
131
688
48
541
271
100
2,296
4,227
1, 360
131
693
48
542
v 48, 765
P 17. 050
P 10, 098
v 6, 952
v 829
P99
P304
535
536
281
103
2,690
4,225
1,396
134
674
47
546
10, 125
2, 685
7,440
1,427
1,345
761
1,941
5, 266
463
339
174
6,630
10, 068
2,681
7,387
1,374
1,345
768
1,950
5,323
474
344
178
6,629
10, 144
2,700
7,444
1,370
1,347
781
1.972
5,360
501
349
179
6,587
10, 108
2.709
7,399
1,332
1.349
785
1,997
5,382
546
351
174
6,456
10, 110
2,722
7,388
1,325
1,345
782
2,000
5,378
546
349
169
6,427
10, 295
2, 730
7,565
1,424
1,356
778
1,976
5,364
494
344
174
6,616
10. 442
2,752
7,690
1, 505
1,376
785
1,973
5,303
456
344
177
6,704
10, 650
2,780
7,870
1,626
1,382
801
1,973
5,266
446
342
175
6,742
11,218
2,787
8,431
2,013
1,407
815
1,978
5,237
447
342
173
7,095
10, 283
2,747
7,536
1,407
1,371
808
1,969
5,192
443
342
172
6,675
10, 202
2,739
7,463
1,364
1,381
807
1,979
5,194
451
340
172
6,625
10, 269
2,726
7.543
1,398
1,388
810
1, 995
5,225
457
340
175
6,632
p 10, 290
2,704
7,586
1,406
1,391
"816
P2,015
5,311
47, 624
16, 143
893
2,536
4,170
10, 115
1,931
5.266
6,570
47, 670
16,082
890
2,518
4,187
10, 184
1,940
5,270
6,599
47, 471
15,771
812
2,587
4.193
10, 246
1,952
5,281
6,629
47. 336
15, 609
777
2,595
4,154
10, 273
1,967
5,302
6.659
48, 039
16, 151
883
2,604
4,209
10, 261
1,980
5,299
6,652
48, 406
16.412
880
2,611
4, 259
1,033
1,986
5,285
6,640
48, 664
16, 546
867
2,574
4,303
10, 390
1,993
5,303
6,688
48, 857
16, 755
870
2,571
4,293
10,366
1,993
5,292
6, 717
48, 957
16, 870
871
2,548
4,281
10, 397
1,988
5,290
6,712
49, 014
16, 949
872
2,531
4,246
10, 437
1,989
5,298
6,692
49, 112
17, 049
867
2.565
4,257
10, 433
1,989
5,300
6,652
49, 091
17, 171
855
2, 523
4,264
10, 375
1, 995
5,305
6,603
v 49, 055
p 17, 198
p832
p 2, 515
P 4, 263
p 10, 378
p 2, 005
P 5,311
P 6, 553
12, 872
7,497
123
12, 726
7,426
126
12, 476
7,065
127
12, 229
6,748
126
13, 069
7,332
129
13, 477
7,634
132
13, 560
7,774
132
13, 634
7,916
134
13, 699
8,010
137
13,619
8,020
139
13, 744
8,123
141
13, 843
8, 220
143
p 13, 754
p 8, 213
P 144
703
414
300
446
653
396
296
442
725
435
298
447
744
439
296
434
759
450
307
451
751
448
316
455
728
440
322
459
730
433
329
461
704
420
330
458
676
406
329
451
679
406
332
452
687
409
335
459
P681
82
1,109
82
1,105
83
681
80
643
83
1,068
87
1,109
87
1,116
88
1,126
87
1,137
87
1,139
87
1,142
90
1,145
552
549
153
132
530
556
557
557
561
562
563
564
43
43
42
42
43
42
41
41
41
41
42
42
847
839
810
768
821
862
888
903
922
931
942
953
108
1,298
781
1,300
655
444
131
61
226
363
107
1,286
776
1,322
660
454
136
63
223
359
109
1,277
775
1,340
663
466
138
62
223
363
107
1,218
755
1,190
515
476
137
51
219
354
115
1,193
782
1,221
524
490
137
59
226
375
121
1,208
824
1,355
674
474
138
58
230
393
124
1,227
851
1,411
701
501
137
59
234
408
125
1,260
872
1.450
735
510
137
56
237
415
125
1,301
893
1,484
750
524
140
58
240
404
122
1,313
899
1,509
769
531
139
58
241
393
123
1,322
916
1, 553
807
538
138
59
240
404
123
1.335
924
1, 585
833
542
136
63
244
410
P103
P2.414
p 4, 241
p6,615
p331
P462
P 1, 147
^953
p 1, 326
P928
P 1, 588
P244
P411
5,621
5,599
5,689
5,623
5,786
5,718
5,843
5,737
5,481
5,411
P 5, 541
5,300
5, 375
Nondurable-goods industries
do..
1,028
1,045
1,309
1,269
1,036
1,093
1,223
1,142
1,199
1,116
1,048
1,033
Food and kindred products
_ _ do
"1,029
242
249
242
238
256
244
254
247
239
244
238
240
Meat products
do
76
78
87
95
89
78
80
83
93
96
84
80
Dairy products
do
132
143
172
209
123
253
348
234
177
139
130
131
Canning and preserving
do
179
179
179
184
186
186
187
187
188
180
173
178
Bakery products
do
124
129
126
134
137
145
123
132
148
140
131
125
Beverages
do
101
108
109
85
84
95
117
109
117
85
84
88
P85
Tobacco manufactures
_ _ .do _
1,132
1,146
1,127
1,105
1,135
1,134
1,135
1,146
1,067
1,079
1,068
1,070
p 1, 122
Textile-mill products
do
502
502
508
501
499
503
506
498
489
486
483
487
Broad-woven fabric mills
do
236
232
235
230
236
239
228
215
219
215
215
233
Knitting mills
___. _
_ .do _
Apparel and other finished textile prod1,114
1,109
1,104
1,106
996
1,032
1,103
1,088
1,018
1,008
1,137
1,138
ucts
thousands
P 1, 080
121
119
122
122
112
123
124
115
109
116
125
127
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
279
279
276
271
280
260
261
259
284
280
258
287
clothing
thousands
351
347
339
331
340
311
295
356
330
298
323
360
Women's outerwear ___
_ do
432
436
441
435
425
425
411
419
414
413
436
440
P441
Paper and allied products
do
222
224
219
221
222
223
219
217
215
218
216
223
Pulp, paper, and paperboard mills ..do
Printing, publishing, and allied industries
505
504
505
497
490
492
498
490
489
496
499
490
thousands. _
P497
147
146
146
144
145
142
144
147
146
145
144
146
Newspapers
do
162
156
161
160
158
156
161
158
157
157
159
158
Commercial Drintine
do. ' Preliminary.
r Revised.
^Beginning with this issue of the SURVEY, data for employment and hours and earnings have been revised (beginning 1947) to adjust to a first quarter 1951 benchmark and to incorporate
more detailed weighting procedures primarily in the manufacturing division. Also, the hourly earnings figures have been recalculated, beginning 1951, using as weights (for industry divisions
nd groups) figures rounded to the nearest cent instead of the nearest mill. Revised data for 1947-48 are available from the compiling agency; monthly data beginning 1949 will be shown later.
NOTE FOR EMPLOYMENT SERIES, P. S-10. Beginning January 1953, estimates are based on the 1950 census; unrevised estimates for January consistent with the 1940 census and
comparable with data through December 1952 are as follows (thous.): Civilian noninstitutional population—total, 110,450; male 52,345; labor force—total, 62,294; male, 43,213; employed—total,
60,406; male, 41,892; agricultural, 5,443; nonagricultural, 54,963; unemployed, 1,888; not in labor force, 48,156 (data for employment and unemployment estimated by OBE). The overall increase
in the level of the labor force (roughly 400,000 for the total; 150,000 for nonagricultural; 250,000 for agricultural) is not fully reflected in the January figures, but is spread over the 3-month period,
January-March 1953. Appropriate allowances should be made in comparing the estimates beginning 1953 with those for earlier periods.
SUEVEY OF CUERENT BUSINESS
S-12
June 1953
1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April
May
June
July
A ugust
September
October
November
December
January
February
March
516
190
186
144
219
92
359
236
520
189
186
144
219
91
363
237
527
191
186
143
220
92
363
238
P524
April
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfg. industries! — Con.
Total (U. 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
1947-49=100-Manufacturing production-worker employment
index, adjusted (Federal Reserve)! -1947-49=100- _
Miscellaneous employment data:
Federal and State highways, total§
number. _
Construction (Federal and State)
do
Maintenance (State) do
Federal civilian employees:
Un itcd States
thousands- .
Washington, D. C., metropolitan area _cf _do_..
Railway employees (class I steam railways) :
Total
thousands
Indexes:
Unadjusted
.
1935-39—100
Adjusted
do
521
181
186
143
206
91
333
218
508
179
157
114
206
92
327
214
502
181
177
141
207
92
337
223
501
184
177
144
195
90
338
221
503
185
191
146
203
89
355
233
512
185
190
145
208
90
353
229
518
187
189
144
213
90
352
225
518
188
188
144
217
91
355
226
518
189
187
144
219
92
359
232
104.1
102.9
100.9
,98.9
105.7
109.0
109.6
110.2
110.8
110.1
111.1
111.9
pill. 2
105.2
104.6
102.0
100.6
104.7
106.8
107.8
109. 2
110.0
110.6
111.3
112.1
p 112.4
270, 654
99, 013
118,411
296, 941
120, 225
122, 354
328, 561
141. 561
128, 338
341,207
149. 194
131, 788
344, 947
151,418
132, 378
334, 323
149,271
126, 444
315, 261
138, 599
121,337
284, 896
109, 889
119, 630
250, 904
77, 795
117,558
239,117
66, 668
116,321
2, 389
2,392
-249
2,419
-253
2,422
- 252
2,409
-249
2.390
^247
2, 386
-247
2, 383
-246
2,378
-245
2,370
-245
-250
T
pl87
p219
P355
233, 697 p 234, 849
- 65, 912 P 65, 782
112,723 P 112,856
2, 363
-244
2,344
241
2,324
238
1,265
1,277
1,257
1, 214
1,256
1,272
1,285
1,274
1,260
1,229
1,219
- 1, 223
1,237
120.5
122.5
121.8
122.3
120.1
118.4
116.0
113.5
119.7
117. 2
121.3
118.4
122.5
118.5
121.4
120.3
119.8
121.7
117.1
121.8
- 116. 1
- 119.0
p 116.4
p 119.4
p 117.9
p 119.8
129.1
128.9
127.3
122.2
134.2
143.3
145.7
146. 3
150.9
148.4
149.4
152.1
p 149. 8
39.8
40.8
43.4
40.2
41.1
43.7
40.5
41.2
43.5
39.9
40.2
42.3
40.5
41.0
41.0
41.2
41.9
42.7
41.4
42.2
42.3
41.1
41.9
41.0
41.7
42.5
41.7
41.0
41.8
41.0
40.9
41.7
41.8
41.1
41.9
41.5
P40.8
P41.8
P41.3
40.6
40.3
40.5
40.6
38.9
38.9
41.0
40.9
40.8
41.1
39.6
39.1
42.3
42.2
40.9
41.1
39.5
40.0
40.9
40.4
40.4
40. 3
38.4
39.4
42.0
41.6
41.4
41.2
40.2
40.4
41.5
41.3
42.1
41.4
39.7
41. 1
41.9
41.7
42.5
42.1
40.7
41.3
41.2
41.1
42.1
41.3
39.9
41.4
41.4
41.0
42.8
41.5
40.7
41.8
40.7
40.3
41.4
40.6
39.6
41.7
41.0
40.7
41.7
41.0
40.0
41.3
41.0
40.7
41.9
41.3
40.6
41.6
P41. 2
P41. 5
37.4
37.4
36.8
37.7
40.3
40.9
40.6
41.1
41.0
41.4
40.7
41.1
41.5
41.9
41.8
41.9
41.6
41.7
41.4
41.6
41.8
41.9
41.9
41.8
40.7
41.2
40.8
39.8
40.8
42.1
42.5
42.4
43.3
42.4
42.2
42.4
39.3
42.7
40.5
40.7
39.9
42.0
40.4
40.3
41.4
40.0
40.2
42.8
40.5
41.2
40.1
42.8
41.0
40.8
41.7
40.3
40.2
42.6
40.7
40.8
39.4
42.7
40.8
40.9
41.5
40.2
39.6
41.5
39. 7
39. 4
35. 9
42. 6
40.4
40.7
40.7
39.6
40.7
42.0
40. 7
40.3
38. 4
42.3
40. 3
40. 3
41.4
40.7
41.7
42.7
41.6
42.2
41.8
43.6
40.4
39.8
42.2
41.6
42.2
42.7
41.7
42.6
43.1
43. 0
39.4
40.0
42.4
42.1
41.2
42.6
41.6
41.9
41.9
43.1
37.8
40.0
42.5
42.0
42.1
43.5
42.1
42.7
42.4
43.9
40.2
41.6
42.8
42.3
40.5
43.0
41.7
41.9
41.4
43.3
39.6
40.7
41.8
41.4
40.8
42.8
41.3
41.8
41.7
42.7
38.4
41.1
41.7
41.3
41.0
43.1
41.5
41.6
41. 7
42.3
39.1
41.0
41.9
41.6
38.4
40.7
40.3
43.5
37.0
41.2
41.0
34.6
37. 3
37.1
36.1
38.9
41.3
40.8
44.0
37.2
41.9
42.1
38.0
37.7
37.1
37.0
39.5
42.1
41.3
45.2
38. 6
42.3
42.8
38.7
38.4
37.6
37.7
39.4
42.0
41.0
45.0
40.5
41.9
43.7
38.0
38.5
38.1
38.0
39.9
41.4
40. 5
44. 0
40. 0
41.9
41.8
39. 2
39.7
39.3
39.0
40.3
42.3
41.5
44.4
42.5
41.8
41.4
40. 3
40.2
40.1
39.3
40.3
41.8
41.9
43.4
40.7
41.6
40.8
40.4
40. 5
40. 6
39.9
40.1
41.7
43. 4
43.5
36.2
41.5
41.2
38.5
40.4
40.5
39.8
40.5
42.1
44.4
43.6
37.7
41.3
40.9
39.2
40.8
41.0
39. 1
39.8
41.1
41.7
43. 8
38. 2
40.9
40.3
38. 5
40.1
40.4
38.0
39.7
40. 7
40.0
43. 6
37.9
41.3
40.4
36.9
40.1
40.2
38.5
40.0
40.8
40.6
43 i j
37.5
41.5
40.2
37.8
40.0
40.1
38.7
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor) f- 1947-49=100. .
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) \%
All manufacturing industries
hours. .
Durable-goods industries
.
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
hours-Sawmills and planing mills
. do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown. do
Primary metal industries .
do
Blast furnaces, steel works, and rolling
millsj
.
_
hours
Primary smelting and refining of nonferrous
metals
hours- Fabricated metal prod, (except ordnance, machinery, transportation equipment) .hours.
Heating apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)
do
Electrical machinery
..
do Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg industries
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning and preserving
Bakery products .
Beverages
Tobacco manufactures
Textile-mill products
Broad-woven fabric mills
Knitting mills
do
-
do
do do
do
._do
do
_.
do
do
do
. _ do
do
_
_
Apparel arid other finished textile products
37.2
37.2
37.2
37.1
35.0
37.3
37.2
36. 1
35.8
36.3
36. 7
37.7
hours. _
36.2
34.2
36.8
36.1
33.2
32.9
35.8
36.7
33.7
36.4
37.7
38.9
Men's and boys' suits and coats
do .
Men's and boys' furnishings arid work
38.2
38.0
35.9
38.4
39.0
37.5
36.9
37.3
37.3
37.7
38.8
38.4
clothing
hours
36.2
36.2
35.2
35.5
34. 6
36. 0
34.1
35.9
36.2
34.7
34.8
35.8
Women's outerwear
do
43.1
44.0
43. 5
42.5
41.4
43.1
42.9
43.8
43.8
42.4
41.8
43. 0
Paper and allied products
do
43.6
44.5
44.2
44.0
43.1
42.2
44.4
43.4
42.6
44.0
43.8
43. 7
Pulp, paper, and paperboard mills--_do
Printing, publishing, and allied industries
39. 5
38.9
38.3
39.0
39.3
38.8
38.6
38.7
38.7
38.5
39.0
39.0 1
hours -36. 5
36.1
36.1
37.1
36.4
36.4
36.1
36.5
35. 4
35.6
36.3
35.8
Newspapers
_ _ _ _ _
do
40. 3
39.5
40.2
40.4
40.5
40.2
40. 0
40.8
40.4
40.3
39.8
40.6
Commercial printing
do
40.9
41.0
41.7
41.2
41.1
40.9
41.4
41.7
41.5
41.3
40.7
41.7
Chemicals and allied products
do
41.2
40. 6
41.0
40.4
40.3
40.7
40.3
41.3
40.7
40.3
40.4
40.8
Industrial organic chemicals
do
41.2
40.9
40.4
40.6
40.2
40.9
40.9
41.4
37.3
40.6
40.7
40.6
Products of petroleum and coal - - do . .
40.2
40.2
40.3
40.5
40.5
40.4
40.5
39.9
40.7
40.8
35.7
40.4
Petroleum refining
do
41.1
39.6
41.9
41.1
41.5
41.1
40.9
40.6
40.5
41.0
39.6
41.4
Rubber products
do
41.1
40.2
41.1
40.5
40.4
40.2
40.2
40.7
40.7
39.8
39. 3
41.3
Tires and inner tubes
- . ...do
38.2
38.2
39.6
39.6
39.3
37.6
38.5
38.5
37.3
37.1
39.3
39.2
Leather and leather products
.
do
36.3
37.2
38.3
39.7
36.7
39.3
39.3
39.3
38.1
37.8
36.8
39.1
Footwear (except rubber) ... ._ _do_ -_
r
Revised.
p preliminary.
JSee note marked "i" on p. S-ll.
fRevised series. Indexes have been shifted to new base period; monthly data for 1919-46 are shown on pp. 19 and 20 of the October 1952 SURVEY; monthly data for 1947-March 1952,
to adjust to the latest benchmark, will be shown later.
§Total includes State engineering, supervisory, and administrative employees not shown separately.
c^Data beginning March 1952 have been revised to include estimated totals for the Postal field service in Maryland and Virginia segments of the metropolitan area; figures throiigh
ary 1952 cover only the employees in the headquarters office of the Post Office Department and the Washington, D. C., city post office. Revised data for March 1952, 250,000.
P41.2
P41.5
P42.5
p42. 6
P41.3
P41.7
P41.7
M1.4
P39. 4
P40. 1
P37.9
P39.1
P36.7
p42. 7
P 38. 7
p41. 5
P40.8
P41.1
P38.3
revised
Febru-
SURVEY OF CURRENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-13
1953
1952
April
May
June
July
August
September
October
November
December
January
Febru-
ary
March
April
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITION S—Continued
Average weekly hours per worker, etc.t — Con.
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
Telegraphf
___
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places) hours
General-merchandise stores
_ do
Food and liquor stores
do
Automotive and accessories dealers. . do
Service and miscellaneous:
Hotels, year-round
do
Laundries, do
Cleaning and dyeing plants.
do
dustrial disputes (strikes and lock-outs) :
Beginning in month:
Work stoppages
_ _
number
Workers involved
thousands _
In effect during month:
W ork stoppages
_
_ _ number
W orkers involved
thousands
Man-days idle during month
do
Percent of available working time
U. S. Employment Service placement activities:
Nonagricultural placements
-.
thousands
Unemployment compensation (State laws) :
Initial claims . _ .
_ ._ _ .
do _
Continued claims
do
Benefit payments:
Beneficiaries, weekly average
do
Amount of payments
. _ thous. of dol
Veterans' unemployment allowances :cf
Initial claims... . thousands. _
Continued claims. _
do
Amount of payments
thous. of dol
Labor turnover in manufacturing establishments:
Accession rate. _ -monthly rate per 100 employees. Separation rate, totaL _ ... _. .
do ._
Discharge
.
do
Lay-off.---_
._--._
...do _
Quit
do
Military and miscellaneous
... do ..
43.0
28.1
29.9
44 4
33.3
31 8
42.4
30.1
28. 5
43 0
26 7
28 1
43 9
29 2
36 2
44 9
34.1
38 9
44 3
32 1
32 3
43 5
35 8
35 5
43 5
34.5
36 4
43 0
28.3
35 4
42 8
35.1
32 5
42 8
26.6
32 9
41.1
44.8
38.0
39.8
37.6
40.6
45.7
38.6
41 2
37.9
41.3
45.8
39.5
42 2
38.8
41.0
44.9
39.2
41 8
38.5
40 5
45.8
39 3
42 4
3S 5
41 3
46.4
39 8
43 6
38.8
40
46
39
43
38
6
4
6
1
7
41 5
44.6
37 5
39 0
37 1
40 8
44.0
38 5
40 1
38 2
41.2
42.8
37.2
38 5
36.9
40.4
43.5
37.6
39 2
37.3
40.6
44.0
37.2
38 5
36.9
46 1
34.9
46 9
38 7
46 9
39 3
44.8
41 5
47
39
44
41
46
39
42
41
45
38
42
41
9
9
3
6
45
38
41
41
46
38
42
41
0
8
1
6
44 5
38 6
41.6
41 7
44 3
38 6
41.5
41 4
44 2
38 5
41.6
41 2
5
9
9
9
41.4
41 2
40.1
40 4
40 5
40 6
40 6
40 7
40 7
40 7
40 9
40 4
40 5
40 5
39.9
36.0
39.6
45.4
39 7
35.8
39 3
45.3
40 3
36.4
40 2
45.3
40 6
36.6
40 7
45 4
40
36
40
45
39
35
39
45
39
34
39
45
39
34
39
45
39
37
39
45
8
0
4
4
39 3
35.0
39 2
45.3
39 2
34.6
39 1
45.1
39 2
34. 5
39 1
45.2
42.8
41.1
41.3
42.6
41 4
42.0
42.6
41 8
42.6
42.4
41 2
40.3
42 6
40 6
40 3
42 4
41 0
41 5
r 435
^433
••166
r
r
494
228
«- 522
675
r
380
^2,810
*• 33
700
r
378
r 3,r 390
39
"•529
f I , 040
»-756
T
1, 170
' 5, 370
.61
r
518
••363
'201
675
T
1,200
650
990
r 8, 020
r 15, 000
96
1.80
r
r
650
r
866
' 12,
700
r
1 46
0
0
5
4
0
0
6
6
47 1
39 0
44. 5
41 2
5
6
8
2
7
3
8
2
'250
4
8
3
4
0
4
3
1
42 4
40 9
41 9
42 3
40 5
40 5
42 9
41 2
41 0
42.4
41 0
40.2
42.9
40 4
39.8
42.0
40 4
40.4
r 459
450
r
r
269
99
*• r 179
34
350
200
350
120
450
180
500
275
475
r
215
»• 1,r 560
20
350
r
82
^854
r
09
500
250
1,250
15
550
200
1,000
.12
650
230
1,100
.12
700
350
2,500
.27
r
650
r 5g4
r 5, 000
r 53
566
572
581
556
588
658
641
507
467
474
455
521
553
1,109
4,825
915
978
4 255
1,585
4 961
733
4 301
568
2 985
679
2 746
690
2 576
1,126
3 844
1,074
4 602
761
4,223
831
4,288
888
4,081
918
83, 511
871
88, 612
980
95 389
631
62 094
530
54 227
536
47, 730
672
69 068
953
94, 360
956
86, 827
930
92, 308
840
82, 990
2 17
2 49
988
26
93
2 101
31
134
3 274
24
152
3,671
23
168
4,407
20
151
3,892
4 445
993
918
94, 385
86, 958
(0
0)
1
(i)
(i)
0)
1
13
(i)
(i)
(i)
0)
U
31
1
28
3.7
4.1
.3
1.3
2.2
.3
3.9
3.9
.3
1.1
2.2
.3
4.9
3.9
.3
1.1
2.2
.3
4.4
5.0
.3
2.2
2.2
.3
5.9
4.6
3
1.0
30
.3
5.6
4.9
.4
.7
3.5
.3
5.2
4.2
4
.7
2 8
.3
4.0
3.5
.4
.7
2.1
.3
3.3
3.4
.3
1.0
1.7
.3
4.4
3.8
.3
.9
2.1
.4
4.2
3.6
4
.8
2.2
.4
4.4
4.1
4
.8
2.5
.3
v 4. 2
v 4. 4
P .4
P .9
"2.7
P .3
65.67
70.99
77.25
66. 33
71 51
78.22
66.83
71. 69
77.87
65.44
69 55
75.72
67 23
72 16
74 21
69.63
75 42
79.85
70 38
76 38
78 26
70 28
76 26
75 03
72.14
77 78
76 73
71.34
76 91
75.85
71.17
77.15
77.75
71. 93
77.52
78.44
p 71, 40
P 77. 75
p 77. 23
61.71
60 85
59. 13
64.15
60.68
60 94
59.16
64.94
65. 57
65 83
59.71
65. 35
64.21
63 43
58.18
64 08
67.20
66 56
60 03
65 92
67.23
66 91
62. 31
67 48
66.62
66 72
63 33
69 47
,,,.82
65 76
63 15
68 97
65. 00
64 37
64 63
69 31
63. 09
62 47
62. 51
68 21
63. 96
63 90
63.38
69.29
63.96
63 90
63. 69
70.21
P 64. 68
59.91
71. 19
60.98
71.94
61.23
72. 80
60. 29
71.31
62.31
77 97
63. 12
81. 79
64.71
81 77
64.64
82 80
65 53
84 02
64. 15
84 65
66. 40
83.01
67.80
83.62
70.31
70.31
70.66
72.01
82.21
87.12
84.45
86.31
86.51
89.01
85.06
85.49
2
44
1
25
r
9
6
2
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, clav, and glass products
do
Glass and glassware, pressed or blown
dollars
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals. . . . . . . .
. dollarsFabricated metal prod, (except ordnance, machinery, and trans, equip.)
dollars..
Heating apparatus (except electrical) and
plumbers' supplies
_ . _ dollars _
Machinery (except electrical)
do
Electrical machinery
.
do
Transportation equipment
_
Automobiles
.
_. ._
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg industries
do
do_ _.
do
do
do
do
do
P 63. 04
p 70 97
P 83. 42
73.46
74.58
74.40
75.42
76.54
77.56
77.00
77. 79
78.58
79.61
80.03
79.84
69.19
70.45
69.77
67. 66
70.58
74.52
75 65
75.90
78.37
76.74
76.80
77.59
P 78. 20
67.60
78.57
67.23
69.55
78.75
67.23
69.55
78.81
67.97
67.72
76.36
65.90
70.82
77.70
67. 97
73.39
78.85
69.89
75. 12
80.70
70.89
73.34
80.94
70.72
75.78
83.52
71.57
72 90
82. 99
71.72
73.85
83.03
71.86
74. 62
84.05
72 21
p 83. 07
p 72. 28
78.14
79.40
78 12
74.34
76.57
69.97
59.20
79.93
80.20
80.46
75.44
77.11
70.89
60 05
79.15
79.19
80.28
75.48
78.53
70.97
59. 90
75.65
7J.44
80.51
74 34
76.11
69.60
58.61
78.18
77.95
79.95
75 36
76.97
70.21
60.64
84.82
88.20
84.15
77 16
76 02
73.43
62.82
86.48
92.23
83.42
75 65
76.80
74.20
63.99
85.48
89.25
84.48
72 95
76.80
74.38
64.26
87.11
90. 31
86.04
77 99
81.12
75.76
65.57
85.06
86.94
85.73
76 03
79.37
73.57
64.17
85.69
88.40
84.55
76.42
80.97
73.81
64.43
85. 28
87. 99
83. 75
78. 98
81. 59
74. 16
65.31
P 85. 90
p 73. 81
p 65. 00
' Revised.
p Preliminary.
J See note marked "J" on p. S-ll.
* Less than 500 claims.
2 See note marked "cf".
f Revised series. Beginning 1952, data cover all domestic (land-line) employees except messengers and those compensated entirely on a commission basis; earlier date exclude general and
divisional
headquarters
personnel
and
trainees
in
school.
d71 Figures beginning November 1952 include unemployment compensation benefits under the Veterans' Readjustment Assistance Act of 1952 (data compiled by the United States Department
of Labor, Bureau of Employment Security) in addition to the allowances under the Servicemen's Readjustment Act of 1944 (data compiled by the Veterans Administration). The B E S data cover
veterans with military service since June 1950 and include those filing for payments to supplement benefits under State programs but exclude veterans filing for payments to supplement benefits
under the railroad unemployment insurance program; the number involved is relatively small.
SURVEY OF CURRENT BUSINESS
S-14
June 1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April
May
June
July
August
1953
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average weekly earnings, etc.t— Continued
All manufacturing industries— Continued
Nondurable-goods industries
dollars
Food and kindred products .
. _.do
Meat products
do
Dairy products
do
Canning and preserving
do
Bakery products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars. .
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries
dollars. _
Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (^xcept 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
Telegraphf
do
Gas and electric utilities
do
Wholesale and retail trade:
\Vholesale trade
do
Retail trade (except eating and drinking
places)
dollars
General-merchandise stores
do
Food and linuor stores
do
Automotive and accessories dealers do
Finance, insurance, and real estate:
Banks and trust companies
do
Service and miscellaneous:
Hotels year-round
do
Laundries
do
Cleaning and d vein" 'plants
do
Average hourly earnings (U. S. Department of
Labor) :J
All manufacturing industries
dollars
Durable-goods industries
_ __
. do
Ordnance and accessories
do. __
Lumber and wood products (except furniture)
dollars..
0
Sawmills and'planin " mills
do
Furniture and
fixtures
do
Stone clay and glass products
do
Glass and glassware pressed or blown
dollars. .
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars ._
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance,
machinery, transportation equipment)
dollars. _
Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical)
do
Electrical machinery
__do. _
Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs— do
Instruments and related" products
Miscellaneous mfg industries
Nondurable-goods industries
Food and kindred products
Meat products. -.
Canning and-'preserving
±5 e y proa c ...
r
Revised.
P Preliminary.
do
do_ _.
58.75
61.86
67.30
62.21
49.95
60.56
68.88
41.52
49.98
48.97
45.85
59.52
62.78
68.54
62.92
48.36
62.01
71. 15
45.60
50.90
49.71
47.36
60.44
63.99
69.80
65.09
50.57
62.60
73.19
46.83
51.84
50.38
47.50
60.68
63.42
69.70
64.80
52.25
62. 43
75.16
46.36
51.98
51.05
47.88
61.45
62. 51
69. 26
63.80
52.80
62.01
72.31
45. 47
53.60
52.66
49. 53
62.06
63. 03
70. 55
65. 71
54. 40
62.70
71.62
45.54
54.67
54.14
50.30
62.06
63.54
71.65
64.23
54. 13
62.40
70. 18
46.06
55. 08
54.81
51. 07
62.56
64.64
75.08
65.25
48. 51
62.67
72.51
45. 05
55.35
54. 68
50.94
63. 59
65.68
77.26
65.84
51.65
62.78
71.98
46. 26
55.90
55. 35
50.05
62.88
65.35
74.23
67.45
52.72
62.58
70.93
46.59
54.94
54.54
49.02
62.73
64.71
70.40
67.14
52.68
63. 19
71.91
45.39
54. 94
54. 27
50.05
63.60
65. 28
71.86
65.51
52.50
63. 50
71.96
47. 63
54. 80
53. 73
50.31
p 62. 65
P 64. 16
44.45
48.36
45. 74
48.80
45.85
50. 96
46.18
49.54
48.60
54.30
49.10
55.42
48. 73
54. 51
48.36
53.70
48. 86
54.83
48.81
54. 96
49.85
57.30
49. 76
59.52
P 47. 34
38.77
48.42
65. 41
70. 05
40.28
49.76
66.46
71.14
40. 13
49. 13
68.00
72.41
39.48
51. 85
68.26
74.21
41.04
54. 72
69.82
74. 12
41.64
54.32
70.91
75.68
42. 51
51. 70
71.83
76. 47
42.29
51.74
72.27
77.26
41. 47
54.30
72.60
77.43
40.66
54.93
71. 55
77.00
41.47
55.39
71.64
77.09
42.24
54. 30
71.81
76.91
P 71. 74
79.66
85.20
78.21
68.88
73. 75
82.01
85. 84
71.28
81.74
48.60
46.61
81.27
87.60
80.00
69. 53
74.34
75.35
76.76
73.31
84.84
48. 86
46. 74
81. 48
87. 36
80.40
70.28
74.56
84.66
87. 67
75.26
87.95
50. 04
47. 63
81. 45
86.64
80.60
70.00
75. 14
88.18
90. 98
72.07
84.38
50.05
47.88
82.08
87.00
80. 20
70. 35
75.52
87.53
90.45
73.49
85. 46
51. 88
50.42
83.71
89.06
81.41
71.04
76.92
88.99
91.94
75.21
86.28
51.21
48.77
83. 07
88.82
81.61
71.38
77.08
87. 94
90.85
75. 53
85. 88
51.19
47.99
83. 07
88. 57
81.20
72, 56
78. 06
87.94
91.98
76.86
87.23
50.76
47.19
84.93
91.64
83.64
72.98
78.28
88.10
92.34
79. 19
90.42
53.46
51.09
83.21
86. 38
82.42
72. 51
77. 33
88.10
91.94
78.09
89.24
53. 06
51.48
83. 55
87.22
81.99
73.28
77.38
87.23
90. 57
78.31
89.65
53. 45
51.88
85. 02
88.43
84. 04
74. 23
79.15
88.10
91.71
79.90
92. 51
53. 70
52. 00
77.40
62.66
66.68
80.81
74. 59
70.28
79.29
66. 82
64.41
80.41
59. 27
63.51
81.22
65.70
80.73
85.76
76.73
87.91
84.61
71.58
75.58
85.26
80. 91
86.27
84.83
85.56
91.73
84.71
70.75
87.79
83.46
87.40
81.25
83.89
65.44
81.92
83. 02
69.44
85. 12
82.39
85.73
82.01
70.84
85. 31
84.46
85.65
85.49
71.45
87.30
86. 93
87. 30
85.69
70. 49
87.81
86. 53
88.17
85.86
73. 28
89.21
90.31
88.94
89.21
75.17
91.94
94.18
91.18
86.48
75. 63
92.66
94. 39
92.11
90. 47
73.14
88.13
85. 02
88.67
87.72
71.28
90.86
87.02
91. 68
89.40
70.19
88.16
83.93
88.93
88.48
71. 78
89. 49
86. 24
90.27
88.51
72. 60
89.28
84.70
90.04
74 22
54.10
75.98
60.76
73.28
73.34
76.77
60.84
72.54
74. 57
78.32
62. 49
73.02
75.12
78.49
62.01
72.09
74. 52
77.74
62.79
74.55
76.13
77.57
63.80
74.87
76.96
77.81
64.57
73.74
78.77
78.66
63.63
74.10
78.21
76.01
63.69
73.63
78.40
75.97
63. 30
73.46
77.83
75. 58
63. 14
73.63
78.28
66.17
66.66
67.23
67.80
68.21
68.38
69.19
69.19
69.53
69.08
69.66
70.47
51.87
37.44
55. 44
69.01
52.40
38.66
55. 41
70.67
53.60
39.31
57. 08
71.57
54. 00
39. 16
57.79
70.82
53. 87
39. 53
57. 53
69.61
53.20
38.12
56. 52
70.51
53.19
37.93
56. 59
71.73
52. 65
37.15
56.99
71.26
52.54
38.48
57. 13
71. 28
53.45
38.85
57.62
71.12
53. 70
38.41
57. 87
71.26
53.70
38.30
57.87
72.77
p 85. 14
P 74. 70
p 88. 54
p 79. 32
p 52. 09
52.03
52.12
51. 96
52. 44
52. 48
52.41
53.07
53. 42
53.56
54.29
54.77
54.70
36.81
38.63
45.43
36.64
38.92
46.62
36.64
39. 71
47.29
36.89
38.73
44. 33
37.06
38. 16
44. 33
36.89
38. 95
46.07
37.31
38. 86
46.51
37.22
38.88
44.96
37.75
39.55
45. 92
37.31
39.36
45.02
38.18
38.78
44.18
36.96
39.19
45.25
1.65
1.74
1.78
1.65
1.74
1.79
1.65
1.74
1.79
1.64
1.73
1.79
1.66
1.76
1.81
1.69
1.80
1.87
1.70
1.81
1.85
1.71
1.82
1.83
1.73
1.83
1.84
1.74
1.84
1.85
1.74
1.85
1.86
1.75
1.85
1.89
p 1.75
"1.86
p 1.87
1.52
1.51
1.46
1.58
1.48
1.49
1.45
1.58
1.55
1.56
1.46
1.59
1.57
1.57
1.44
1.59
1.60
1.60
1.45
1.60
1.62
1.62
1.44
1.63
1.57
1.60
1.49
1.65
1.60
1.60
1.50
1.67
1.57
1.57
1.51
1.67
1.55
1.55
1.51
1.68
1.56
1.57
1.52
1.69
1.56
1.57
1.52
1.70
p 1.53
p 1.71
1.54
1.83
1.54
1.84
1.55
1.82
1.57
1.81
1.55
1.93
1.59
1.99
1.59
1.98
1.62
2.00
1.61
2.01
1.62
2.03
1.66
2.01
1.67
2.01
P2.01
1.88
1.88
1.92
1.91
2.04
2.13
2.08
2.10
2.11
2.15
2.09
2.08
1.77
1.78
1.78
1.80
1.84
1.86
1.86
1.87
1.88
1.90
1.91
1.91
1.70
1.71
1.71
1.70
1.73
1.77
1.78
1.79
1.81
1.81
1.82
1.83
pl.84
1.76
1.87
1.68
1.78
1.89
1.70
1.78
1.90
1.70
1.80
1.92
1.70
1.80
1.93
1.72
1.81
1.94
1.74
1.82
1.95
1.74
pl.95
p 1.75
2.01
2. 11
1.93
1.91
1.91
1.74
1.51
2.03
2.14
1.94
1.92
1.92
1.75
1.52
2.04
2. 13
1.96
1.93
1.92
1.75
1.53
2.04
2.13
1.96
1.94
1.95
1.77
1.55
2.03
2.10
1.98
1.92
1.95
1.76
1.55
2.05
2.12
1.98
1.99
1.97
1.77
1.56
2.05
2.11
1.98
2.02
1.99
1.77
1.57
^2.06
1.54
1.49
1.70
1.48
1.28
1.50
1.73
S-13
1.54
1.52
1.71
1.48
1.33
1.50
1.72
1.56
1.55
1.73
1.50
1.34
1.51
1.76
1.57
1.56
1.74
1.51
1.37
1.52
1.76
1.58
1.59
1.78
1.54
1.38
1.53
1.76
1.58
1.59
1.76
1.54
1.39
1.53
1.78
1.59 1
1.60 !
1.77
1.52
1.40
1.53
1.79
P 1. 59
P 1. 60
1.72
1.84
1.66
1.73
1.84
1.66
1.73
1.85
1.67
1.71
1.84
1.66
1.74
1.85
1.67
1.92
1.99
1.86
1.84
1.90
1.69
1.48
1.94
2.00
1.88
1.84
1.89
1.70
1.49
1.94
2.01
1.88
1.85
1.92
1.71
1.49
1.92
1.99
1.89
1.84
1.87
1.71
1.48
1.94
2.03
1.89
1.87
1.91
1.72
1.49
1.54
1.54
1.53
1.53
1.53
1.51
1.51
1.52
1.52
1.52
1.71
1.70
1.69
1.68
1.67
1.45
1.44
1.44
1.43
1.43
1.32
1.29
1.30
1.31
1.35
do
1.48
1.49
1.48
1.48
1.47
1.72
1.73
1.69
1.71
1.68
IRevised series. Se enote "t" on p.
JSee note mart:ed "J" on p. S-ll.
- do. _.
do
do. _.
p 48. 13
p 53. 57
p 1. 57
p 1. 77
p 1. 57
SURVEY OF CUREENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-15
1953
1952
April
May
June
July
August
September
October
November
December
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average hourly earnings, etc. t— 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
._ - d o
Products of petroleum and coal _
do _
Petroleum refining
do
Rubber products
_
do
Tires and inner tubes
_
do
Leather and leather products
do
Footwear (except rubber)
_ . . _ _ do _
Nonmanufacturing industries:
Mining:
Metal
_
-_
. - do _ - _
Anthracite
do
Bituminous coal
do __
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars _ _
Non metallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
_ ._ . _ _
do _ .
Transportation and public utilities:
Local railways and bus lines
_do
Telephone
do
Telegraph f
_ . _do _
Gas and electric utilities
do ...
Wholesale and retail trade:
Wholesale trade
-- - do. _
Retail trade (except eating and drinking
places)
- -dollars
General-merchandise stores
do
Food and liquor stores
-do
Automotive and accessories dealers. ... do _ _ _
Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do _
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per h r _ _
Skilled labor
do
Farm wage rates, without board or room (quarterly)
-. - _ _ __dol. per hr
Railway wages (average, class I)
do
Road-building wages, common labor
do___
1.20
1.34
1.32
1.27
1.20
1.35
1.34
1.28
1.21
1.35
1.34
1.26
1.22
1 35
1.34
1.26
1.16
1 35
1.34
1.27
1.13
1 36
1.35
1.28
1.14
1 36
1.35
1.28
1.17
1 37
1.35
1.28
1.18
1 37
1.35
1.28
1.21
1.37
1.35
1.29
1.23
1.37
1.35
1.30
1.26
1.37
1.34
1.30
pl.27
^1.37
1.27
1.47
1.26
1.47
1.27
1.49
1.29
1.47
1.31
1.50
1.32
1.51
1.31
1.51
1.30
1.50
1.31
1.49
1.33
1.51
1.34
1.52
1.32
1.53
pl.29
1.08
1 4?
1.58
1.66
1.08
1 39
1.59
1.67
1 07
1 42
1.60
1.68
1 07
1 49
1.61
1.71
1 08
1 52
1.62
1.70
1 09
1 53
1.63
1.72
1 09
1 49
1.64
1.73
1 09
1 47
1.65
1.74
1 08
1 50
1.65
1.74
1 09
1 53
1.66
1.75
1 10
1 53
1.67
1.76
1 10
1 50
1.67
1.76
2.08
2.36
1.98
1.68
1.83
2.10
2.40
2.00
1 70
1.84
2.10
2 40
2.00
1 71
1.85
2.11
2 40
2.00
1 72
1 86
2.11
2 41
1.99
1 72
1 86
2.13
2 44
2.01
1 72
1 89
2.13
2 44
2.02
1 72
1 88
2.13
2 44
2.02
1 74
1 89
2.15
2 47
2.05
1 75
1.90
2.15
2 44
2.04
1 76
1 90
2.17
2.45
2.06
1.77
1.92
2.18
2.47
2.07
1 78
1.94
^2.20
2.03
2 13
1.80
2.08
1 31
1.27
2 02
2 15
1 81
2.10
1 31
1.27
2 08
2 17
1 84
2 14
1 31
1 26
2
2
1
2
1
1
13
23
82
12
30
25
2 14
2 25
1 81
2 11
1 31
1 27
2 16
2 27
1 S3
2 12
1 33
1 28
2
2
1
2
1
1
2
2
1
2
1
1
15
26
87
17
35
30
2 17
2 28
1 89
2.20
1 35
1 30
2 17
2 27
1 90
2.22
1 35
1 31
2.17
2 27
1.91
2.23
1 36
1.32
2.17
2 27
1.93
2 24
1 37
1.33
v 2 17
1.80
2 23
2.23
1.82
2 24
2.21
1 87
2 22
2 26
1 87
2 22
2 26
1 85
2 25
2 23
1 91
2 25
2 26
1.91
2 23
2 34
1 96
2 26
2 43
1.95
2 48
2 52
1 97
? 50
2 48
1.95
2 49
2. 50
1.96
2 46
2.49
2.02
1.55
2 24
2 07
2.28
2.02
1.55
2 21
2 05
2.26
2.07
1 56
2 21
2 06
2 25
2.09
1 57
2 24
2 07
2 29
2.12
1 60
2 27
2 13
2 31
2.16
1 62
2 31
2 16
2 35
2.13
1 63
2 34
2 19
2 38
2.18
1 64
9 35
2 18
2 39
2.15
1 62
2 36
2 17
2 40
2.17
1 64
2 37
2 18
2 41
2.19
1.65
2 38
2 20
2.42
2.18
1.65
2 40
2 20
2.44
1.61
1 55
1.62
1 57
1 63
1 56
1 63
1.81
1 67
1 59
1 63
1.81
1 67
1 59
1 62
1 80
1
1
1
1
1 69
1 64
1 77
1 85
1
1
1
1
1 71
1 64
1 76
1 88
1
1
1
1
1.72
1 64
1.77
1.88
1.71
1 64
1 77
1.90
69
61
75
83
15
26
82
11
34
29
71
66
76
88
71
65
77
88
pl.68
p 1 80
p 1 93
v 1 36
1.77
1.78
1.65
1.65
1.66
1.67
1 68
1 68
1 70
1 70
1 70
1 71
1.72
1.74
1.30
1 04
1.40
1.52
1.32
1 08
1.41
1.56
1.33
1 08
1 42
1.58
1.33
1 07
1 42
1.56
1 33
1 08
1 41
1.54
1
1
1
1
34
08
42
56
1 35
1 09
1 44
1 58
1
1
1
1
35
08
45
58
1 32
1 04
1 45
1 57
1
1
1
1
36
11
47
57
1.37
1 11
1 48
1.58
1
1
1
1
.86
.94
1.10
.86
.94
1.11
.86
95
1.11
.87
94
1.10
.87
94
1.10
.87
95
1 11
88
95
1 11
88
96
1 11
88
96
1 12
88
96
1 12
.89
96
1.11
.88
97
1 12
1.680
2.774
1.690
2.797
1.706
2.808
1.755
2.849
1.793
2.885
1.803
2.909
1.817
2.921
1.817
2 937
1.817
2 937
1.817
2.942
1.817
2.946
1.821
2.949
1.788
1.38
1.802
1.821
.87
1.835
1.41
1.851
1.858
76
1 853
1.48
1 906
1 873
.89
1 873
1.31
1.902
1.857
449
591
478
575
492
539
487
504
490
511
468
507
455
464
408
696
386
720
2 253
1, 128
1,106
22
365
760
333
794
37
11
48
61
1.824
2.950
.85
1.40
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper. _ ._
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil of dol
Farm mortgage loans, totaldo _ _
Federal land banks
_
do
Land Bank Commissioner
do .Loans to cooperatives
do
Short-term credit
do ._
422
644
430
510
416
495
357
820
337
860
2,313
1,074
1,046
27
343
896
_.
134, 145
49, 745
28, 761
133, 032
48, 830
27, 974
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 reserves
do
Liabilities, total
--- -- do. _ _
Deposits total
do
Member-bank reserve balances
..do
Excess reserves (estimated)
_do
Federal Reserve notes in circulation
do
Reserve ratio
percent..
49, 213
23, 632
676
22, 363
22, 106
49, 213
21, 175
19, 940
797
24, 332
48.6
49, 549
24, 152
952
22, 273
22, 103
49, 549
21, 412
19, 778
591
24, 567
48.1
Bank debits, total (345 centers) t- -- --- - - do
New York City
do
6 other centers 9
__-_.
do
454
550
454
565
350
908
352
896
2 260
1,088
1,062
26
369
803
414
775
433
725
2 221
1 102
1,078
23
421
697
139, 759
53, 385
29, 305
137, 334
50, 472
29, 483
122, 200
42, 778
25, 550
136, 067
49, 131
28, 611
150, 486
54, 893
32, 322
127, 665
44, 209
27, 064
165, 140
63, 091
35, 179
145, 986
52, 048
31, 660
129, 320
45, 749
28, 126
153,511
53 898
35, 339
145, 641
52 038
32, 742
48, 939
23, 551
59
22, 906
22, 143
48, 939
20, 559
19, 381
-192
24, 826
48.8
50, 252
24, 821
1,270
22, 853
22, 146
50, 252
21, 952
20, 323
495
24, 843
47.3
50,496
25, 216
1,318
23, 146
22, 147
50, 496
22, 056
20, 411
835
25, 119
46.9
50, 479
24, 747
477
23, 694
22, 147
50, 479
21, 455
20, 066
319
25,215
47.5
51,341
25, 855
1,591
23, 575
22, 140
51,341
22 273
20, 616
620
25, 426
46.4
52, 492
26, 740
1,895
23, 821
22, 145
52, 492
22 583
21, 149
795
25, 949
45.6
51, 852
25, 825
156
24, 697
21, 986
51, 852
21 344
19, 950
-570
26. 250
46.2
51, 948
26, 478
1,735
23, 944
21, 790
51, 948
22 515
20,611
614
25, 638
45.3
51, 493
26, 194
1,309
23, 875
21, 480
51, 493
21 770
20, 511
715
25, 681
45.3
50, 202
24, 927
485
23, 806
21, 367
50, 202
20, 421
19, 322
-285
25,560
46.5
50, 558
25, 546
1,014
23, 880
21, 383
50, 558
21,055
19, 740
p309
25, 598
45.8
450
539
r
Revised.
t> Preliminary.
JSee note marked "J" on page S-ll.
fRevised series. See note "f" on p. S-13 regarding coverage of data for telegraph industry, Bank debits have
been revised to include additional centers and to represent debits to demand deposits.
§Rates as of May 1, 1953: Common labor, $1.824; skilled labor, $2.955.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
S-16
SUKVEY OF CUREENT BUSINESS
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
!
j
June 1953
1953
1952
April
May
June
July
August
September
October
November
December
January
February
March
April
FINANCE—Continued
BANKING—Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporations
52, 303
52, 863
51, 708
52, 766
52, 275
52, 317
53, 586
54, 392
54, 648
54, 799
53, 087
51, 802
54, 176
mil. of dol.-
52, 913
4,070
3,184
16, 383
53, 152
4,021
2,917
16, 509
52,818
3,705
6,914
16, 631
53, 189
3,698
4,793
16,651
53, 253
3, 558
3,144
16, 706
53, 835
3,515
3,561
16, 829
54, 799
3, 561
3,450
16,929
55, 454
3, 559
3,784
16, 974
57, 523
3,746
3,517
17, 262
55, 379
3,845
2,337
17, 226
54, 627
3,740
3,271
17, 350
52, 785
3,828
3, 934
17, 698
54, 608
4,241
1,426
17, 792
mil. of dol_-
15,444
767
10, 998
38, 563
15, 554
780
10, 895
38, 983
15, 689
763
11,990
41,019
15, 687
779
11,274
40,800
15, 751
765
11,965
39, 503
15, 883
756
12, 261
39, 093
16,002
738
12,175
39, 747
16, 027
751
12, 492
40, 215
16, 303
758
13, 612
39, 812
16, 261
765
11, 985
39, 054
16, 374
778
11, 799
38, 369
16, 726
11,983
37, 180
16, 799
803
11,382
36, 864
31, 456
3, 624
3,684
18, 274
5, 874
7,107
34, 770
20, 796
1,695
31,719
3,544
3,728
18, 524
5,923
7, 264
34, 863
20, 530
1,885
33, 582
3,734
3,885
20, 016
5,947
7,437
36, 472
20, 567
2,792
33, 267
3,313
3,700
20, 288
5, 966
7, 533
35,315
20, 581
1,988
31,932
2,582
3,211
20, 149
5,990
7,571
35. 685
21,017
1,461
31,579
2, 513
2,617
20, 121
6,328
7, 514
36, 680
21, 671
1,416
32, 361
3,610
2,433
20, 057
6, 261
7,386
37, 238
22, 274
1,437
32, 947
4,460
2,445
19, 974
6, 068
7,268
38, 051
22, 949
1,606
32, 502
4,087
2,422
20, 004
5,989
7,310
38, 692
23, 206
1,995
31, 687
3,644
2,413
19, 709
5,921
7,367
38, 287
22, 837
1,536
31, 024
3,097
2,222
19, 829
5,876
7, 345
38, 376
22, 697
1,452
29, 547
1,701
2, 130
19, 881
5, 835
7, 633
39, 647
23, 269
1,561
29, 249
1,583
2, 038
19, 857
5,771
7, 615
39, 437
23, 133
1,540
660
5,674
438
6,056
659
5,690
463
6,187
789
5,726
759
6,393
717
5,764
386
6,436
792
5,824
614
6,537
767
5,890
826
6,670
742
5,945
618
6,784
725
5,992
431
6,918
797
6,005
149
7,127
790
6,031
478
7,208
788
6,057
707
7,276
808
6,176
111
7, 665
789
6,214
611
7,760
1.75
2.73
4.17
1.75
2.73
4.17
3.51
3.27
3.46
3.90
1.75
2.73
4.17
1.75
2.72
4.17
1.75
2.71
4.17
3.49
3.29
3.44
3 84
1.75
2.71
4.17
1.75
2.71
4.17
1.75
2.71
4.17
3.51
3.33
3.49
3.84
1.75
2.71
4.17
2.00
2.71
4.17
2.00
2.71
4.17
3.54
3.31
3.50
3.90
2.00
2.72
4.17
2.00
2.72
4.17
1.75
2.35
2.38
2.56
1.75
2.31
2.38
2.56
1.75
2.31
2.38
2.56
1.75
2.31
2.38
2.56
1.75
2.31
2.57
2.61
1.75
2.31
2.63
2.63
1.75
2.31
2.63
2.63
1.75
2.31
2.63
2.63
1.75
2.31
2.63
2.63
1.82
2.31
2.63
2.63
1.88
2.31
2.63
2.63
1.88
2.36
2.63
2.63
1.88
2.44
2.90
2.63
1.623
1.93
1.710
1.95
1.700
2.04
1.824
2.14
1.876
2.29
1.786
2.28
1.783
2.26
1.862
2.25
2.126
2.30
2.042
2.39
2.018
2.42
2.082
2.46
2.177
2.61
12, 438
2,651
12,531
2,633
12, 678
2,618
12, 730
2,601
12, 786
2, 586
12, 896
2,572
12, 943
2,562
13, 046
2,555
13, 257
2,548
13, 359
2, 537
13, 421
2,524
13, 550
P 2, 510
13, 626
p 2, 496
20, 940
14, 731
6, 186
4, 053
1,098
3, 394
21, 705
15, 308
6, 539
4,169
1.138
3,462
22, 446
16, 032
6, 974
4,324
1,178
3, 556
22, 751
16, 465
7, 200
4, 433
1,221
3,611
23, 030
16, 728
7, 272
4, 539
1, 258
3, 659
23,414
17,047
7, 388
4, 669
1, 300
3,690
24, 050
17, 572
7. 639
4,871
1, 347
3, 715
24, 525
17,927
7, 866
4, 943
1,376
3,742
25, 705
18, 639
8, 110
5, 301
1, 386
3,842
r 25, 508
18, 785
8,273
5,256
1,378
3,878
' 25, 262 ' 25, 676 p 26, 177
' 18, 860 ' 19, 267 p 19, 666
' 8, 778 p 9, 073
8,470
P 5, 194
* 5, 1 54
' 5, 131
P 1, 401
'1,383
'1,377
' 3, 882 ' 3, 952 P 3, 998
12, 177
5,899
3,662
661
1, 955
12, 679
6, 144
3, 853
688
1,994
13, 324
6,458
4,111
717
2, 038
13, 725
6, 654
4, 263
738
2,070
13, 950
6, 807
4,294
759
2,000
14, 203
6, 967
4, 362
773
2,101
14, 614
7, 189
4, 523
789
2,113
14, 955
7, 352
4, 670
798
2,135
15, 423
7, 576
4,833
815
2,199
15, 665
7,696
4,930
818
2,221
' 15, 876 '16,318 p 16,715
' 8, 047 p 8, 251
7,808
p 5,312
5,174
5,031
p 882
'856
828
p 2, 270
2,241
r 2, 209
do
do
do
. _ do
do
2,554
875
700
247
732
2,629
902
726
262
739
2,708
927
750
282
749
2,740
932
766
292
750
2, 778
951
782
295
750
2, 844
990
796
301
757
2,958
1,042
821
31.1
782
2,972
1,019
839
324
790
3,216
1,101
900
336
879
3,120
1,068
865
343
844
.._. do
do
_ _ _ _ _ _ do
__
do
6,209
2,007
2, 535
1,667
P,, 397
2, 055
2,659
1,683
6,414
2,054
2,661
1, 699
6, 286
2, 023
2, 573
1,690
6,302
2,026
2,579
1, 607
6, 367
2, 033
2,642
1,692
6,478
2. 033
2,776
1,669
6, 598
2.109
2,826
1,663
7,066
2, 108
3,313
1,645
' 6, 723
2,129
2, 956
* 1, 638
2,007
1,769
2, 535
1, 667
2, 055
1,777
2. 659
1,683
2,054
1, 798
2, 661
1.699
2. 023
1, 792
2, 573
1,690
2,026
1,792
2. 579
1,697
2, 033
1,793
2, 642
1,692
2, 033
1,801
2,776
1, 669
2,109
1,821
2, 820
1,663
2,108
1,852
3,313
1,645
5,187
4,323
47
4,186
849
105
4,688
3,809
45
3,663
828
152
10, 220
9,796
45
9,147
845
183
3,649
3,316
48
2,464
949
188
4,585
4,050
47
3,546
862
130
6,875
6,585
52
5,834
877
112
3,355
3,099
65
2,227
923
139
4,731
4,151
44
3,624
888
175
6,350
6,003
51
5,024
939
336
States and political subdivisions
do
United States Government
do
Time, except interbank, total _
_do. Individuals, partnerships, and corporations
States and political subdivisions
do
Interbank (demand and time) _
-do
Investments total
do
U. S. Government obligations, direct and
guaranteed, total
mil. of dol
Bills
do
Certificates
do
Bonds and guaranteed obligations
do
Notes
do
Other securities
do
Loans (net), total
do
Commercial, industrial, and agricultural- -do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of doL-
Real-estate loans
. do ._
Loans of banks
do
Other loans
.
_ ..do - Money and interest rates :<?
Bank rates on business loans:
In 19 cities
percent-New York City
do
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N. Y. F. R. Bank)
do
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates, New York City:
Acceptances, prime, bankers', 90 days . -do
Commercial paper, prime, 4-6 months
do
Call loans, renewal (N. Y. S. E.)
do..__
Time loans, 90 days (N. Y. S. E.)
do
Yield on U. S. Govt. securities:
3-month bills
do
3_5 year taxable issues
- - do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol__
U. S. postal savings
- - _-do
1
r
CONSUMER CREDITf
Total short- and intermediate-term consumer credit,
end of month
_ mil. of dol Instalment credit, total
do
Automobile paper
do
Other consumer-goods paper
do
Repair
and modernization loans.-- do. ..
r
Pe sonal loans
do
By type of holder:
Financial institutions, total
do
Commercial banks
do
Sales-finance companies
do
Credit unions - _ _ _ _ _ _ __
do
Other .
do
Retail outlets, total
Department stores
Furniture stores Automobile dealers
Other
Noninstalment credit, total
Sinsle-pavment loans
Charere accounts .
Service credit
By type of holder:
Financial institutions
Commercial banks
Retail outlets
Service credit
_
FEDERAL GOVERNMENT
_
do
do _ _ _
do
do
r
T
2.129
1, 858
2, 956
1, 638
r 2, 984
960
855
352
'817
' 2,
949
r
931
844
364
r
810
p 2, 951
P929
P839
P376
^807
T
6, 402
vr 2, 079
2, 662
' 1, 661
' 6, 409
P 2. 142
' 2, 602
r 1, 665
6,511
2,147
2,673
1,691
2.079
1, 839
2, 662
'1,661
P 2,
v 1,
P 2,
T 1,
2,147
1,878
2,673
1,691
r
FINANCE
Budget receipts and expenditures:
Receipts total
mil. of dol
Receipts, net
do
Customs
. do
Income and employment taxes
do
Miscellaneous internal revenue. _ _ _ _ do
All other receipts
. do . .
5,232
5,061
51
4, 130
842
209
6,300
5,479
43
5,294
856
107
7,124
6,383
6,742
5,018
5,737
5,161
5,659
5,595
6,070
6,930
6,016
Expenditures, total
do
572
1,146
185
1,518
235
559
320
183
172
311
350
Interest on public debt
do
354
354
362
386
363
365
401
362
349
353
371
Veterans Administration t- _ _
__do
3,302
3,884
3,632
3, 723
2,971
4,081
4,008
3,683
3,788
3,771
3,501
National defense and related activities^- -do
1,319
1,725
2, 137
1,502
1, 516
1,365
1,511
1,150
1,524
1,434
1,337
All other expenditures t -do. - .
r
p
Revised.
Preliminary.
1 Beginning Jar mary 1, 19 53, includes 2M. percent bond of March 15, 1956-58, aiid 1% perc ent bond c f June 15, 1958.
e? For bond yields see p. S-19.
t Revised seri 3S. For d£ita prior tc March 1952 and deteiils regardi ng the rev sion, see t tie April 1953 Federal Reserve B ulletin.
^Revisions for July 1950-January 1952 will be s hown later
142
882
602
665
11,870
10, 502
56
10, 719 !
993
102
4,044
2,849
54
3, 021
880
90
6,187
563
364
3,789
1,471
6,362
372
351
3,891
1,749
SUEVEY OF CUEEENT BUSINESS
June 1953
1952
Unless otherwise stated, statistics through
1951 Statistical Supplement to the Survey
S-17
April
May
June
August
July
1953
September
October
November
December
January
264, 919
262, 820
224, 430
38 390
2,099
267, 432
265, 345
226, 557
38 788
2,087
267,391
265, 293
226, 143
39 150
2 098
267, 402
265, 323
226 226
39 097
2 079
Febru
dry '
March
April
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 dol
U. S. Savings bonds:
Amount outstanding, end of month
do
Sales, series E through K
do
Redemptions
do
258, 292
256, 102
219, 356
36, 746
2,191
259, 905
257, 739
220, 540
37, 198
2,167
Privately owned interest
U. S. Government interest _ . .
_
263, 186
261,060
222, 753
38, 307
2,125
262. 682
260, 577
222, 216
38 360
2,105
267, 584
265 489
226 187
39 302
2 094
264, 485
262, 380
223 025
39 354
2, 105
264, 590
262, 550
223, 077
39 474
2,040
44
45
46
34
39
40
45
51
54
48
50
51
52
57, 739
292
422
57, 807
364
431
57, 827
367
467
57, 868
356
399
57, 871
330
416
57, 903
347
398
57, 958
303
346
58, 046
375
422
58, 237
504
435
58, 368
414
368
58. 468
440
430
58, 509
382
426
437
28, 922
16 890
4 563
2 437
84
480
(i)
716
7 826
933
1, 377
2, 371
3,436
3,212 _
1,636
27, 933
15.913
4 058
2 387
85
404
(i)
653
2
7 617
801
1,350
2, 364
3,438
3,186
1, 683
do
do
do
_-do _ _
do
. do.
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
totald"
mil. of dol
Industrial and commercial enterprises, including
national de fen sea"
mil. of dol
Financial institutions.
do
Railroads
_
do
States, territories, and political subdivisions .do
Republic of the Philippines
do
Mortgages purchased
do _
Other loans
do
263, 073
260, 908
222, 963
37, 945
2,165
57, 772
313
Government corporations and credit agencies:
Assets, except interagency, total mil. of dol
Loans receivable, total (less reserves)
do
To aid agriculture
do
To aid home owners
do
To aid railroads
do
To aid other industries
do
To aid banks
do
To aid other financial institutions
do
Foreign loans
do
All other
do
Commodities, supplies, and materials _do
U. S. Government securities
do
Other securities
_. _.
_ _ ..
do .
Land, structures, and equipment
do
All other assets
...
_ _ _ .. do
Liabilities, except interagency, total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
_
Other liabilities
_ _ _
259, 105
256, 863
219,124
37, 739
2,242
29, 945
17 826
5 070
2 603
82
516
(i)
864
7 736
1 095
1, 280
2 421
3, 429
3 213
1,775
_
2 472
2 774
3 111
44
1,228
1,200
39 _ _ _ _
1,301
1,434
53
1 330
1,728
367
25, 780
357
25, 104
378
26, 456
795
778
754
751
753
769
787
790
793
786
786
795
790
430
71
95
19
57
76
46
420
68
95
16
57
76
46
425
55
83
16
54
75
46
424
54
82
16
54
74
47
427
53
82
16
54
74
47
444
53
82
16
54
7
3
47
458
51
82
22
54
73
47
464
50
80
22
54
72
47
472
47
80
22
54
72
47
469
47
80
22
51
71
46
479
46
77
22
51
71
47
482
46
77
22
51
70
47
475
46
77
25
51
70
47
69, 604
62, 500
69, 959
62, 789
70, 334
63, 083
70, 774
63, 590
71, 123
63, 855
71, 578
64 205
72, 034
64 665
72, 415
65, 010
73, 034
65 345
73, 621
65 948
73, 943
66 269
74, 295
66 598
74, 686
67 035
'61, 562
61, 857
38, 780
11, 096
8,989
11, 066
3 238
13 380
847
16 852
1,439
15 413
2,246
1, 498
1,633
62, 201
39, 079
11, 134
9.007
11, 109
3 251
13, 585
750
16, 976
1.454
15 521
2,254
1,510
1,634
62, 495
39, 184
11,131
9,025
11,184
3 253
13 615
758
17, 082
1,463
15 619
2, 262
1,520
1,688
62, 808
39,310
11,127
9,044
11,212
3 281
13 690
820
17 188
1,471
15 717
2 270
1 , 526
1 694
63, 159
39, 565
10, 924
8,887
11, 346
3 301
13 994
803
17,311
1,481
15 830
2,276
1,540
1,664
63, 479
39, 757
10, 967
8, 935
11, 362
3 314
14 115
767
17, 411
1,490
15 921
2,280
1, 550
1,714
64 092
39, 915
10, 867
8,837
11 409
3 336
14 304
'872
17 583
1,503
16 080
2 284
1,655
1 784
64 797
40 473
10, 984
8,926
11 552
3 397
14 541
827
17 774
1 512
16 262
2 310
1 658
1 756
65 084
40 630
10, 983
8 908
11 610
'16,640
1,400
r
15 234
' 2, 247
'1,473
' 1, 603
61, 547
38, 692
11, 275
9,151
11,030
3, 196
13, 190
780
16, 719
1, 423
15, 296
2,236
1,483
1,637
Qf\A
65 362
40, 778
10, 791
8,711
11 659
3 403
14 925
750
18 038
1 541
16 49f
2 329
1, 669
1,797
65 686
41,011
10,816
8,734
11 708
3 412
15 075
711
18 182
1 564
16 618
2 341
1, 687
1 755
2.571
339
497
1,735
115
406
367
142
209
69
168
63
197
2,803
582
537
1,684
111
388
349
147
205
67
161
64
191
2 589
442
464
1 683
113
382
355
148
203
69
161
60
192
2,442
351
420
1,671
115
377
358
148
198
67
156
62
189
2 319
312
442
1 565
99
334
336
141
190
64
154
61
187
2 504
'440
470
1 594
104
347
340
140
199
67
156
59
182
2 661
346
499
1 816
122
411
384
160
219
77
162
68
212
2 516
373
474
1 669
113
398
356
136
199
71
150
61
184
3 319
950
421
1 948
124
426
429
172
230
84
174
78
230
2 350
252
432
1 666
124
424
358
137
177
63
151
50
182
2 617
402
513
1, 702
117
412
371
140
193
67
156
56
191
3 337
619
560
2 158
141
519
460
174
245
91
200
78
250
3 235
639
521
2 075
137
487
444
171
241
91
191
75
237
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), estimated totalj
mil. of dol__
Securities and mortgages t
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 and wholesale § _ _
do...
Industrial!
.
do
Ordinary, total
do
Now 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
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
estimated total
thous. of dol__
Death claim payments
do
Matured endowments._ _ _ d o _ _
Disability payments
do
Annuity payments § . _ __
do__
Surrender values §
do
Policy dividends...
_
do _
'38, 822
'11, 588
' 9, 443
'11,069
' 3 221
' 12, 944
r777
i d Pftd
775
1 7 SQ/t
1 524
2 31 g
l' 663
1
344, 261 336, 714
339, 822
338, 501
318, 461 322, 636
343. 743
339, 557
410,421
417, 402
304, 060
399, 041
365, 145
149. 388
150, 656
154, 506
148, 980
145 944
182 781 164 114
168 314
154 860
141 626
146 410
158 593
169 068
38. Ill
37, 479
33, 809
35, 126
39 111
42* 909
31, 584
40 498
32 337
40 384
37 059
34 400
36 314
8,666
8,367
8 845
8 651
8 229
9 244
9 220
8 253
8 362
9 479
9 851
7 874
8 867
30, 671
29. 175
31, 200
31, 177
31 605
29 886
42 973
28' 595
28 532
35 193
32 946
28 870
35 049
58, 473
55, 895
52 947
50, 453
49 000
52 916
47 978
53 217
48 768
63 630
53 198
45 127
58 826
58, 952
55, 142
65. 435
78! 9f>4
61 Q7S
81.023
57' 783
117. 278
48! 501
56. 273
54. 840
57. 194
51. 845
2
' Revised.
i Less than $500,000.
Beginning June 30, 1952, outstanding loans of the Mutual Security Agency are included,
cf Includes loans under the Defense Production Act of 1950.
{Revisions for January-July 1950 are shown in corresponding note in the October 1951 SURVEY. Other revisions are as follows: (mil. dol.) Total assets, December 1950, 63,688; securities and
mortgages—December 1950, 57,244; 1951—January, 57,609; October, 60,332; November, 60,498; December, 60,912.
§Revisions beginning 1946 for insurance written and for 1949 and 1950 for annuity payments and surrender values will be shown later.
SUKVEY OF CUEKENT BUSINESS
S-18
Jiine 1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April
May
June
July
August
1953
September
October
November
December
January
F
U
^y "
March
April
FINANCE— Continued
LIFE INSURANCE—Continued
Life Insurance Association of America:
Premium income (39 cos.), total. __thous.
Accident and health
Annuities
Group
Industrial
Ordinary
of doL.
do
do
do do
do _
511, 473
61, 638
64, 680
46, 677
62, 142
276, 336
574, 046
65, 612
65, 349
46, 683
85, 525
310, 877
)8, 373
>1,
000
7
0, 838
6,791
58,711
U, 033
23, 296
27, 084
13, 346
9,266
3,445
10, 051
>3, 237
8,739
2,569
5,461
539, 924
62, 594
85, 732
52, 221
56, 801
282, 576
551, 521
65, 472
66, 852
43, 687
79, 894
295, 616
594, 231
66, 402
69, 008
47, 491
85, 313
326, 017
555, 400
67, 052
76, 979
47, 442
71, 553
292, 374
554, 748
70, 958
67, 806
46, 061
68, 809
301,114
847, 255
89, 441
173, 680
66, 567
107,251
410, 316
615,102
66, 738
81, 624
48, 531
75, 359
342, 850
682, 325
77,514
94, 784
58, 168
84, 593
367, 266
637, 446
91, 221
87, 337
60, 022
68, 094
330, 772
23, 342
23, 350
23, 344
23, 339
23,337
23, 186
22, 662
22, 563
22, 986
-31,394 -32, 620 —13, 776 -92, 430 -29, 004 -263, 189 -171,747 -324. 127 -106,511
1,244
1,580
5,587
2,861
2,988
4,262
1,580
3,867
3,813
1,872
34, 590
13, 697
26, 047
86, 465
5,947
1,653
1,827
7,746
66, 394
' 67, 421 65, 768
39,411
38, 958
39, 673
38,978
39, 307
39, 886
40, 114
36. 953
13, 697
13, 028
13, 600
13, 043
12, 351
13, 408
13, 062
14, 122
13, 273
6,212
5, 883
6,403
6,498
6,769
6,031
4,485
4,340
5,241
22, 562
-16,814
2,704
9, 685
606, 446
79, 568
100, 351
70, 794
71, 220
284, 513
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S
mil. of dol - 23, 297
Net release from earmark §
thous. of dol~- -75,357
1,313
Exports
do .
97, 932
Imports
do
63, 319
Production, reported monthly total
do
38, 557
Africa
do
12, 710
Canada
do _ _
4,961
United States
do
Silver:
587
Exports
do
4,678
Imports
do .880
Price at New York
_
dol. per fine oz__
Production:
2,529
Canada
thous. of fine oz_4, 768
Mexico
do
4,043
United States
_ - do Money supply:
28, 464
Currency in circulation
mil. of dol- 192, 200
Deposits and currency, total
_
do.
2,200
Foreign banks deposits, net
do
6,300
U S Government balances
do
183, 800
Deposits (adjusted) and currency, totaL-.do
95, 100
Demand deposits adjusted
do
62, 700
Time deposits
do
25, 900
Currency outside banks
do
Turn-over of demand deposits except interbank and
U. S. Government, annual rate:
34.4
New York City.- _. .ratio of debits to deposits. _
21.1
Other leading cities
do
2,824
30, 060
66, 202
40, 033
12, 806
5,147
1,535
4,680
.854
2,273
3,199
3,273
28, 767
192, 900
2,300
6,300
184, 400
95, 300
63, 000
26, 000
34.3
21.3
215
5,038
.828
236
5, 733
.829
216
4,877
.833
382
4,499
.833
411
7,778
.833
1,882
3,976
3,292
1,809
3,858
3,307
2,220
2,921
2,272
1,787
3,107
3,235
1,854
9,525
3,682
28, 978
197, 200
2,600
8,900
185, 800
95, 700
63, 800
26, 200
29, 293
197, 000
2, 600
8,200
186, 200
95, 800
64, 100
26, 300
29, 419
197, 900
2,500
8,100
187, 400
96, 400
64, 500
26, 600
29, 644
199, 900
2, 500
7,200
190, 200
98, 600
64, 900
26, 700
30, 236
202, 700
2,500
8,600
191, 600
99, 400
64, 800
27, 400
35.1
20.7
31.4
20.2
34.6
21.5
34.4
21 3
36.3
22.8
29, 026
M, 960
2, 319
7, 737
*4, 904
M, 754
33, 676
26, 474
38.6
22.2
258
5,009
.833
270
4,578
.833
506
7,272
.853
144
11, 987
.853
' 2, 428 ' 2, 521 ' 2, 460 2,253
3,863
3,877
3,870
4,054
3,093
3,362
3,112
2,998
2,444
1,318
10, 905
.845
30, 433
29, 793
29, 691
204, 220 v 202, 100 * 201, 000
2,501
v 2, 500
v 2, 300
6,918
p 6, 200
P 7, 100
194, 801 v 193, 300 v 191, 600
101, 508 P 100, 500 v 98, 300
65, 799 *> 66, 100 p 66, 400
27, 494 p 26, 800 v 26, 900
41.9
23.1
36.2
22. C
3,175
5, 227
883
6, 285
.853
3,018
29, 754
29, 843
v 200, 600 p 201, 100
P 2, 400
P 2. 400
v 7, 100
p 4, 500
p 191, 000 P 192, 200
p 97, 400 P 98, 000
v 66, 800 P 67, 200
p 26, 900 P 27, 000
35.7
22.2
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve):!
Profits after taxes, total (200 corps.) .--mil. of doLDurable goods total (106 corps )
do
Primary metals and products (39 corps ) do
Machinery (27 corps )
do
Automobiles and equipment (15 corps ) do
Nondurable goods total (94 corps )
do
Food and kindred products (28 corps.) . _do. - - Chemicals and allied products (26corps ) do
Petroleum refining (14 corps )
do
Dividends total (200 corps )
do
Durable goods (106 corps )
do
Nondurable goods (94 corps )
do
Electric utilities, profits after taxes (Fed. Res.)t
mil of dol
Railways and telephone cos. (see p. S-23).
624
338
29
80
191
287
42
105
111
678
370
99
90
143
308
48
108
115
927
580
217
128
191
347
45
128
133
857
527
188
101
197
330
41
120
127
476
270
206
475
270
205
547
305
242
486
276
210
214
207
244
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)...
mil. of dol- New capital total
do
Domestic, total
do
Corporate
do
Federal agencies.. ..
_ do.-.Municipal State etc
do
Foreign
do
Refunding, total
do
Domestic total
do
Corporate
do
Federal agencies
do
Municipal, State, etc
do
1,576
1,273
1,237
704
80
452
36
303
299
40
257
2
i 1, 584
i 1, 278
1,109
677
56
376
119
306
306
151
144
11
1,409
1,251
1,239
587
38
615
11
159
155
4
141
11
1,519
1,393
1,381
1,137
20
224
12
126
126
50
74
2
810
461
461
202
56
203
0
349
349
153
188
7
962
808
800
363
0
437
9
154
154
72
79
2
1
1, 381
i 1 225
1 157
852
0
305
8
158
158
82
72
4
873
629
601
292
130
179
28
311
311
90
172
49
1,520
1,197
1,197
758
46
394
0
323
323
44
269
9
1,185
1,106
949
560
3
386
67
169
151
16
130
5
Securities and Exchange Commission :t
' 2, 275 ' 2, 527 ' 2, 436 ' 6, 436 ' 1, 168
' 1, 331 ' 2, 047
' 1, 108
' 2, 079 ' 1, 783 ' 1, 592 1,604
1,639
Estimated gross proceeds, total
do
By type of security:
' 2, 276 ' 2, 240 ' 6, 245 '1,089
' 2, 080
' 1, 248 ' 1, 870 ' 1, 038
' 1, 902 '1,615
' 1, 422 1,425
1,476
Bonds and notes, total
do '342
'712
'372
'314
'635
' 1,113
'980
'536
517
'898
'731
'497
665
Corporate
do
112
'49
'166
116
'46
' 170
'49
123
116
' 158
••137
' 119
126
Common stock
do
29
'85
84
'6
'51
62
33
'20
'58
'47
37
'59
37
Preferred stock
_ _ do By type of issuer:
' 421
'384
'664
'907
' 1, 149
' 831 '1,304
'455
' 1, 157
'908
'706
696
828
Corporate total
do
'274
'642
'332
'130
'186
'655
'167
'286
' 151
205
'360
'287
352
Manufacturing
do
'264
'44
'244
'261
' 109
'352
'168
'219
249
216
'240
'351
215
Public utility
do
34
46
95
12
52
15
27
'66
40
50
32
120
25
Railroad
.
do
'21
'4
27
49
'34
15
'30
'496
' 50
26
' 17
7
12
Communication
do
'141
'
12
'62
'
73
'
74
'60
'45
'27
'
57
'56
'48
144
161
Real estate and
financial
do - r
724
1,368
876
'1,119
'886
5,132
747
1,378
l, 605
890
908
1,171
811
Noncorporate, total
do
544
722
611
494
444
531
480
503
978
4,898
928
547
491
U. S Government
do
294
'392
405
201
624
226
397
396
428
219
389
'390
320
State and municipal
do
'1 Revised.
P Preliminary.
Includes International Bank securities not shown separately.
§Or increase in earmarked gold (—).
f Revisions for 1939—1st quarter of 1951 for manufacturing corporations and electric utilities and for January-March 1951 and January-March 1952 for SEC data will be shown later.
SUKVEY OF CUKEENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-19
1952
April
May
June
July
August
1953
September
October
November
December
January
' 1, 140
February
April
March
FINANCE—Continued
SECURITIES ISSUED—Continued
ecurities and Exchange Commission}:— Continued
New corporate security issues:
Estimated net proceeds, total
mil. of doL_
Proposed uses of proceeds:
New money, total
, do
Plant and equipment
do
Working capital
do
Retirement of debt and stock, total. -do
Funded debt
do
Other debt
do
Preferred stock
do
Other purposes
do
Proposed uses by major groups:
Manufacturing, total
do
New money
do
Retirement of debt and stock . . _ do .
Public utility, total
do
New money
do
Retirement of debt and stock
do
Railroad total
do
New money
do
Retirement of debt and stock
do
Communication, total
do
New money
- - _- do
Retirement of debt and stock
__do. _
Real estate and financial, total
do
N e w money
_.__
_do
Retirement of debt and stock
do
tate and municipal issues (Bond Buyer):
Long-term
_thous. of doL.
Short-term
do -
'891
'818
' 1, 285
'413
'447
'378
'897
'655
'694
684
815
"•786
'536
'251
'89
' 18
'68
3
' 15
947
769
178
179
138
'40
'2
'3
' 735
'556
'180
' 79
' 1,218
' 1, 040
'178
'57
'40
' 10
'8
' 10
' 276
'210
'66
'127
' 117
5
'6
'9
' 367
'278
89
68
46
11
10
12
'893
' 635
'259
'237
' 86
' 148
3
11
r 293
r ygo
' 661
' 120
' 603
' 495
' 108
'46
' 19
' 25
2
'6
' 635
' 381
'255
'51
' 27
' 23
1
'8
630
438
192
37
10
24
3
17
745
505
240
51
14
30
7
19
'283
'255
'27
'259
'252
7
34
34
0
'49
'46
3
'59
' 57
' 1
'631
'568
'62
'238
'216
'22
119
41
78
26
'24
' 1
' 45
'33
'10
'271
'252
' 17
'345
'326
'19
51
16
35
29
'28
' 1
'72
'64
'6
'354
' 327
'24
'233
'231
'3
46
46
0
493
493
r 1
' 127
'85
'35
' 107
' 103
'4
94
10
85
'21
'21
' 183
' 120
' 57
' 165
' 163
0
12
12
0
' 16
' 16
' 645
' 502
'134
' 347
' 257
'90
15
13
1
' 27
26
1
'61
'52
'8
' 164
' 120
'25
' 43
' 43
' 283
' 263
' 18
' 245
' 239
6
39
26
14
148
' 132
' 13
' 257
' 254
3
49
31
18
7
7
0
' 140
' 138
0
203
178
24
212
205
7
32
32
0
15
15
347
318
27
210
188
17
24
24
0
12
12
0
161
151
1
' 1, 129
r 47
'30
'2
'4
C)
'72
'42
'27
r (1)
' 12
'10
'1
C1)
'27
' 17
8
' 221
'72
'51
' 32
' 13
5
'34
r(l)
27
15
12
' 48
' 45
'3
' 56
'37
' 10
r 74
' 45
' 28
1
' 43
' 327
'260
'35
' 216
' 205
'11
'65
42
'23
' 34
' 31
'3
' 56
' 54
1
r 4
'4
0
' 47
' 44
1
o
142
129
1
456, 005
172, 674
406, 484
232, 726
637, 232
120, 022
245, 344
266, 630
211, 533
232, 288
473, 750
96, 518
309, 105
161, 739
229, 897
24, 376
403, 043
292 085
391,872
294 085
219
364
198
286
229
378
233
461
233
349
210
250
257
229
226
265
288
291
230
254
262
304
198
252
185
259
1,315
756
818
1,312
725
847
365
1,327
708
912
1,387
692
1,126
1,338
675
926
1,333
692
891
1,316
692
860
1,347
706
878
343
1,362
724
920
1, 345
732
907
1,350
730
871
1,513
744
966
1, 594
738
1,068
98.87
99.36
73.75
98.82
99.31
73.70
98.61
99.10
73.69
98.43
98.88
75.52
98.14
98. 57
76.12
97.46
97.87
76.11
98.05
98.50
75.32
98.19
98.62
75.97
97.81
98.25
75 84
97.66
98.09
75.50
97.15
97.56
75.81
96.57
96.99
74 95
95.46
95.84
75.27
116.2
132.7
2 97. 95
116.3
131.9
98.91
116.1
130.9
98.32
116.0
130.4
98.40
115.8
128.6
97.09
115.7
126.6
96.86
114.7
125.0
96.44
115.2
125.4
96.96
115.3
125. 3
96.32
114.5
124.0
95.68
114.0
122.8
95.28
113.4
121. 6
94.31
111.7
121.5
93.25
59, 014
71, 124
61, 104
72, 093
52, 964
62, 057
51, 585
5S, 329
56, 237
61,325
76, 955
85, 250
73, 183
83, 953
94, 402
105, 865
75, 146
85, 722
70, 039
76, 831
76, 726
90, 067
71,709
88, 128
57, 456
67, 299
59, 632
69, 663
'51,425
' 59, 961
50, 210
56, 686
98, 416
99, 742
54,113
58, 855
74, 892
82, 455
71, 599
81, 988
92, 009
102, 843
73,014
82, 187
68, 483
74, 823
74, 547
85, 245
69, 691
83,115
61, 624
0
61, 624
55, 621
5,918
59, 323
0
59, 323
53, 321
5,933
62, 055
0
62, 055
55, 580
6,410
62, 242
0
62, 242
55, 573
6,544
59, 136
0
59, 136
52, 793
6,269
61, 127
0
61, 127
53, 624
7,395
69, 082
25
69, 057
61, 194
7,777
78, 042
26
78, 016
71, 608
6,341
86, 042
45
85, 997
79, 101
6,819
80, 397
0
80, 397
73, 417
6,912
60, 288
0
60, 288
52, 940
7,324
74, 757
1
74, 756
65, 013
9,650
76, 976
0
76, 976
64, 778
12, 002
97, 355
95, 625
1,347
98, 466
96, 239
1,827
97,311
95, 583
1,345
98, 474
96, 249
1,825
95, 964
94, 238
1,343
97,315
95, 092
1,823
100, 273
98, 401
1,439
101, 871
99, 516
1,905
100, 537
98. 656
1,448
102, 444
100, 091
1,902
99, 712
97, 838
1,447
102,315
99, 963
1,902
100, 349
98, 494
1,430
102, 341
99, 993
1,898
100, 551
98, 621
1,440
102, 405
99, 999
1,896
100, 256
98, 276
1,492
102, 502
100, 025
1,967
100, 116
98, 200
1,428
102, 510
100, 109
1,891
100, 117
98, 211
1,432
103, 055
100, 666
1,890
99, 535
97, P38
1,425
103, 066
100, 665
1,901
98, 562
96, 662
1,429
103, 251
100, 853
1,899
3.16
3.16
3.17
3.17
3.18
3.19
3.22
3.20
3.19
3.22
3.26
3.31
3.40
2.93
3.01
3.20
3.50
2.93
3.00
3.20
3.49
2.94
3.03
3.20
3.50
2.95
3.04
3.19
3.50
2.94
3.06
3.21
3.51
2.95
3.07
3.22
3.52
3.01
3.08
3.24
3.54
2.98
3.06
3.24
3.53
2.97
3. 05
3.22
3.51
3.02
3.09
3.25
3.51
3.07
3.14
3.30
3.53
3. 12
3. 18
3.36
3.57
3.23
3.29
3.44
3.65
2.97
3.19
3.32
2.97
3.19
3.31
2.98
3.20
3.32
2.99
3.20
3.33
3.00
3.20
3.34
3.02
3.20
3.36
3.05
3.22
3.39
3.05
3.19
3.37
3.04
3.19
3.34
3.07
3.23
3.36
3.11
3.29
3 39
3. 16
3.33
3.43
3.27
3.44
3 51
2.03
2.01
22.64
2.10
2.05
2.57
2.15
2.10
2.61
2.15
2.12
2.61
2.28
2.22
2.70
2.34
2.33
2.71
2.38
2.42
2.74
2.37
2.40
2.71
2.38
2.40
2.75
2.46
2.47
2.80
2.63
2.54
2.83
2.65
2.61
2.89
2 68
2.63
2.97
319, 529
' 362, 629 ' 433, 142
110, 843 ' 333 219 140, 855
COMMODITY MARKETS
Tblume of trading in grain futures:
Corn
Wheat
-
mil. of bu_.
- -- - do...
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
^ash on hand and in banks
Customers' debit balances (net)-,
Customers' free credit balances
^loney borrowed
mil of dol
do
do
do
Bonds
rices:
Average price of all listed bonds (N. Y. S. E.),
total §
dollars
Domestic
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issues):
Composite (17 bonds)
dol. per $100 bond__
Domestic municipal (15 bonds)
do___
U S Treasury bonds, taxable
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value _ _
thous. of dol
Face value
do
New York Stock Exchange:
Market value
do
Face value
_
_
do_. _
New York Stock Exchange, exclusive of stopped
sales, face value, total§
thous. of dol__
U S. Government
do
Other than U. S. Government, total§
do
Domestic
do
Foreign ._
_
__
_ _._do _
Value, issues listed on N. Y. S. E.:
Market value total all issues!
mil. of dol
Domestic
do
Foreign
do
Face value, total, all issues §._
do
Domestic
do _
Foreign
do
Fields:
Domestic corporate (Moody 's)
_ percent .
By ratings:
Aaa
do
Aa
do
A
._
_
do
Baa
do
By groups:
Industrial - __
do
Public utility
do
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds)
do
U. S. Treasnrv bonds, taxable
do
D
r
' 100, 325
101, 867
Revised.
* Less than $500,000. 2 Beginning April 1, 1952, series based on taxable bonds due or callable in 12 years and over; prior thereto, 15 years and over.
J Revisions for January-March 1951 and January-March 1952 will be shown later.
§SaIes 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
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1952
April
May
June
July
August
1953
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks
Cash dividend payments publicly reported :J
Total dividend payments
mil of dol
Finance
-do. Manufacturing
do
Mining
-do
Public utilities:
Communications
do
Heat, light, and power
do
Railroad
do
Trade
do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, 200
common stocks (Moody 's):
Dividends per share, annual rate (200 stocks)
dollars -Industrial (125 stocks)
do
Public utilitv (24 stocks)
do_
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks)
do
Price per share, end of month (200 stocks) _ _ d o
Industrial (125 stocks)
do
Public utilitv (24 stocks) _
do
Railroad (25 stocks)
do
Yield (200 stocks)
percent-Industrial (125 stocks)
do
Public utility (24 stocks)
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)
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 (480 stocks) _ _ - 1935-39= 100. Industrial total (420 stocks) _ _
do
Capital goods (129 stocks)
do
Consumers' goods (195 stocks)
do
Public utility (40 stocks)
do
Railroad (20 stocks)
do
Banks, N Y. C (16 stocks)
do ._
Fire and marine insurance (17 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
M^arket value
mil. of dol
Shares sold
thousands..
On New York Stock Exchange:
Market value
- mil.ofdol..
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 doLNumber of shares listed
millions
540 0
95.3
196.5
7.9
234 7
45.2
116.7
3.7
1 178 1
80.9
761.4
89.7
546 7
128.6
199 2
6.7
231 5
51.0
105 5
3.3
1 166 5
78 2
763 5
87 9
90.1
60.2
24.1
53.9
12.0
.8
50.1
3.3
10.5
4.4
43.0
76. 5
56.0
45.7
24.9
89.8
58.7
12 2
38.6
12 9
8
49.7
6 4
10.3
4 5
46 9
76.8
42 4
47 2
23 6
3.94
4.21
1.91
2.65
2.60
2.84
3.95
4.22
1.91
2.67
2.63
2.84
3.96
4.22
1.91
2.69
2.64
2.88
3.96
4.22
1.91
2.69
2.64
2. 8«
3.96
4.22
1.92
2.71
2.64
2.87
68.29
71. 73
33.97
43.80
69.96
73.59
34. 57
45.49
72.61
77.01
34.65
47.68
73.47
78.01
35. 09
47.97
5.77
5.87
5.62
6.05
4.58
3.41
5.65
5.73
5.53
5.87
4.57
3.30
5.45
5.48
5.51
5.64
4.56
3.18
5.39
5.41
5.44
5.61
4.52
3.21
540
105
203
8
5
2
5
0
ori i
fp-t
81 4
821 9
86 9
103 5
190 1
7 3
46 9
89.0
57 7
40 3
27 0
105 0
63.8
30 6
50 1
10 8
0
7
2
1
1 736 1
195 2
1 045 5
141 9
95 0
60.9
14 (5
40 3
13 0
1 Q
52. 2
2 9
8 1
6 8
49 7
92.6
88 4
79 2
43 6
95 7
64.3
18 2
57 0
11 8
9
42.0
6 9
15 5
3 2
3.95
4 20
1 92
2 81
2 68
2 87
3.95
4 18
1 92
2 85
2 68
2 88
3.93
4 17
1 92
2 87
2 66
2 98
3.93
4 IP
1 Q2
2 87
2 75
2 gg
3.95
4 16
1 93
2 88
2 84
2 99
3.95
4 16
1 94
2 91
2 86
3 01
3.97
4 16
1 95
3 01
2 89
3 07
3.98
4 17
1 96
3 01
2 89
3 09
72.57
76.52
36. 15
47.70
71.09
74 58
36. 34
46 57
71.02
74 35
36 25
46 43
74.42
78 20
37 36
49 74
76. 66
80 89
37 85
51 66
76.69
80 37
38 40
52 19
75.60
79 15
38 21
51 17
74.13
77 64
37 81
49 56
72. 35
75 56
36 96
48 48
5.46
5 51
5.31
5.68
4.39
3.15
5.56
5 63
5 28
6.03
4 23
3. 18
5.56
5 62
5 30
6 14
4 29
3 15
5.28
5 33
5 14
5 77
4 19
3 10
5.13
5 14
5 07
5 56
4 ]8
2 99
5.15
5 18
5 03
5 52
4 29
3 07
5.22
5 26
5 08
5 69
4 32
3 17
5.36
5 36
5 16
6 07
4 44
3 29
5.50
5 ^9
5 30
6 21
4 60
3 41
6 61
2.49
5.77
253
64
115
2
6 76
2 61
7.86
548
12^
170
5
1
6
5
0
181
44
65
2
3
9
0
9
8 54
2 52
11 71
4.07
4.04
4.04
4.09
4.12
4.12
4.16
100. 24
262. 55
49.13
92.19
100. 87
261.61
49.29
94.61
104. 26
268. 39
49.81
100. 30
106. 25
276. 04
49.86
101.85
107. 10
276. 70
50.75
102. 95
105. 29
272. 40
50. 30
100. 43
103.92
267. 77
49 59
99.83
183.7
199.4
180.7
166.3
116.7
164.6
110.9
198.4
183.7
199.2
181.7
166.1
117.1
166.9
111.1
203.7
187.6
203.9
186.9
168.8
116.2
173.7
111.6
211.7
192.1
209.7
192.7
173. 5
116.9
I1/ 5. 2
112.8
215.4
191.1
207.8
191. 4
174.8
118.6
175.3
114.7
215.4
188.2
204.2
187.6
172.8
118.5
171. 1
117.6
214.5
1,647
66,676
1,262
59, 431
1,285
56, 845
1,317
61, 433
1, 154
41, 576
1,373
41,601
1,077
43, 060
r
1,100
' 42, 319
1,122
45,916
978
29. 433
I
7 35
2 70
6 73
4.11
4.16
4.21
4.23
4.33
25
37
04
19
111.67
285 95
52 06
109 85
112. 25
288 44
52 20
109 99
111.21
283 94
52 57
109 03
112.41
286 79
53 19
110 24
107. 52
275 28
51 59
104 05
183.4
198.4
182 6
169.5
117 4
166.9
120.1
215. 2
189.8
205 5
190 2
175.7
120 9
172 4
121.5
223.1
197.0
213 7
198 5
183.2
123 3
184 6
125 1
230.5
197.6
214 3
200 4
184.7
124 0
185 2
128. 3
231.0
195.9
212 0
197 4
183.4
124 4
181 4
128 2
223.8
198.0
214 5
199 8
185. 3
124 Q
184 5
128 1
223.9
190.0
205 5
191 8
177.8
121 5
173 3
122 3
216.0
1,198
48, 989
1,316
62, 389
1 331
56, 903
1 906
78 990
1 661
74 299
1 376
53 534
1 906
75 473
1 783
S3 729
1,012
35, 165
1,121
47, 653
1,145
43 340
1 647
57 885
1 417
55 897
1 173
38 540
1 541
64 111
34 370
114,862
2 840
4.12
107.
276
51
103
28, 963
23, 586
25, 516
24, 115
20, 905
24. 135
25, 981
30, 239
40, 516
34, 087
30, 209
1 616
51' 812
42 472
107, 848
2,661
110,690
2,691
114, 489
2,706
115,825
2,728
114, 506
2,736
112, 633
2,769
112,152
2,773
117,363
2,777
120, 536
2 788
120, 483
2 802
119, 749
2 814
118, 223
2 819
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)!
Exports of goods and services, total
Merchandise, adjusted
Income on investments abroad
Other services
mil. of doL.
do
do
do
Imports of goods and services, total
Merchandise adjusted
Income on foreign investments in U. S
Other services
do
do
do
do
Balance on goods and services
do
r
do
do
do
r
Unilateral transfers (net), total
Private
Government
-
_
_.
' 5, 324
»• 4, 093
r
437
-794
' 4, 607
' 3, 439
r
439
r
729
r 3, 909
* 2, 845
' 112
r952
'•3,942
' 2, 698
' 102
T
1, 142
+1,415
-1,345
r
—98
* -1,247
r
r
T
5,315
4 iso
449
686
r
4, 068
3 000
r
126
r
942
3 996
2 991
109
896
+1 287
+1 319
1.468
—127
1 341
-1,842
-123
1 719
975
r -f 79
217
221
+4
+152
+150
+7
+274
+603
'+17
'+30
-13
+P65
r
r
-209
r
Foreign long- and short-term capital (net)
r+489
r
do
r 5, 355
4 073
r
592
r
690
' -1,298
r
—106
r
-1,192
U S long- and short-term capital (net), total do
Private
do
Government
do
744
—535
r
160
+39
-199
+769
r
r
r
'
r
r
r
r —347
r
Increase (— ) or decrease (+) in U. S. gold stock
mil. of do!
Errors and omissions
r
do
-104
'+289
Revised.
» Preliminary.
^Revisions for dividend payments for January 1951-January 1952 are shown on p. 6 of the April 1953 SURVEY; those for balance of payments prior to June 1952, on p. 4 of this issue.
§Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
n
SUEVEY OF CURRENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-21
1953
1952
April
May
June
August
July
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of IT. S. merchandise:
Quantity
1936-38 = 100
Value
do. _
Unit value
do
Imports for consumption:
Quantity
do
Value
__do
Unit value
do
Agricultural products, quantity:
Exports. U. S. merchandise, total:
Unadjusted
1924-29=100..
Adjusted
do
Total, excluding cotton:
Un ad lusted
do
Adjusted
_
.
do
Imports for consumption:
Unadjusted
__
do
Adjusted
do_ .
265
550
208
288
598
208
231
474
205
202
416
206
217
441
203
243
498
205
243
494
203
239
483
202
280
566
203
253
519
205
239
486
204
274
562
205
154
456
296
142
411
290
145
418
289
144
409
284
140
398
283
151
430
284
169
471
279
138
388
280
180
498
277
162
445
276
149
414
278
174
484
277
95
120
104
129
81
110
56
75
65
73
77
62
93
70
88
70
110
92
96
96
78
95
90
105
139
169
159
181
121
148
102
130
112
112
117
93
142
113
125
109
151
138
146
153
117
145
141
167
118
112
104
106
107
116
101
113
108
117
111
116
116
119
90
92
128
126
121
116
101
99
121
108
8,211
7,673
9,463
8,061
8,450
8,109
6,970
7,688
7,769
7,580
7,421
8,342
7,028
8,879
6 393
7 847
5 720
9 629
5 109
8 809
Shipping Weight
Water-borne trade:
Exports incl. reexports ©
General imports
thous. of long tons
do
Value
Exports, including reexports, total f
mil. of dol..
By geographic regions:
Africa
thous of dol
A si a and Orv>aniaA
c\o
EuropeA
_
do_ ._
Northern North America
do
Southern North America
do
South America
do
Total exports by leading countries:
Africa:
Fgvpt
do
Union of South Africa
. do
Asia and Oceania:
Australia, including New Guinea
_ _ do_.
Pritish Malava
do
ChinaO
_.
_-do.
India and Pakistan
do
Japan
_
do__
Indonesia
do
Republic of the Philippines
do
Europe:
France
do
Germany
__ ___
do._
Ttalv
do
Union of Soviet Socialist Republics
.-do.
United Kingdom
.
do
North and South America:
Canada
- ._
_ do_.
Latin-American Republics, total
do
Argentina
.
do.
Brazil
do
Chile
- --do .
Colombia
do
Cuba
- _ _ _ _ .-- _ do__
Mexico
_
_
do
Venezuela
do
Exports of U S merchandise, totalf
mil of dol
By economic classes:
Crude materials
thous. of dol
Crude foodstuffs
do
Manufactured foodstuffs and beverages. -do
Semimanufactures 9
do
Finished manufactures 9 . _ .
- do
By principal commodities:
Agricultural products total
do
Cotton unmanufactured
do
Fruits, vegetables, and preparations. , _ d o _ _
Grains and preparations
__. __. _ do
Packing-house products
do
Tobacco and manufactures*
do
Nonagricultural products, total _
_ . do
Automobiles, parts, and accessor ies§d" -do
Chemicals and related products^cf
do
Coal and related fuels*
. __ ... do.
Iron and steel-mill products
_
_-do
Machinery, total §cf
do
Agricultural
_
do
Tractors, parts, and accessories §.-. _ _ d o
Electrical §c?
do
Metalworking
__
__do
Other industrial cf1
do
1,352
1,473
1,167
1,027
1,086
1,225
1,213
1,186
1,390
1,276
1,196
' 1, 379
58,616
220, 942
273, 529
242, 231
147, 368
176, 3f>l
50, 783
227, 741
314, 680
264, 986
157, 528
174, 722
44,226
185, 369
250, 924
249, 260
137, 834
139,113
34, 649
147,256
175,570
210,826
139,068
131, 629
39, 291
150,509
202,129
220, 327
127,060
136, 460
44, 841
147,461
223, 613
245, 657
123, 826
133,467
43, 837
171,204
245, 180
256, 042
144,150
133, 760
37, 328
159,489
246, 105
244, 723
132,057
127, 770
39 067
204, 719
307, 509
227 773
144, 151
136 712
44 401
177 336
266, 534
228 543
131 177
113 932
35, 516
164, 827
212, 663
230,915
121, 660
116, 192
49 032
185, 247
253, 179
266, 730
132, 373
118. 107
10,320
20, 825
5,015
19, 531
4,484
17,738
3, 564
13,175
5,563
14, 291
6,742
15,085
12,313
14, 703
4, 556
13, 506
2 563
16 871
6 733
19 463
3,316
17, 221
4,739
24, 412
17, 362
3,215
0
47, 463
64,019
9,971
21,313
14, 430
3,240
0
37, 951
78,199
1 0, 046
21,723
11, 609
1,714
0
29, 040
55, 992
9,280
25, 780
10,141
3,129
0
18,130
34, 138
12, 756
23, 020
7, 883
2,171
0
14, 646
42,514
10,960
22, 330
1 2, 222
2,900
0
13,914
40,219
9,964
21,383
16,255
2, 862
0
13,650
54, 697
9,984
21 517
9,970
2,436
0
14,079
51,195
1 3, 009
23. 988
17 271
2 852
0
29 825
52 849
11 812
27 960
11 330
2 274
9,871
2,636
0
26, 761
40, 758
7,474
24, 829
9,730
2,505
0
28, 332
50, 558
7,459
28, 432
34, 445
22,132
37, 398
27, 974
27, 903
49, 524
3
41, 793
17,052
20, 1 56
19,318
32, 800
19,474
36, 644
17,900
0)
33, 91 4
21,876
33, 714
18, 654
57, 743
36, 596
31,159
49, 469
0)
54, 701
50, 950
26, 941
47,184
23, 781
4
52, 758
26, 555
33, 556
23, 480
2
45, 330
40 723
40 545
40 355
1
62 098
52 783
26, 455
28, 495
17, 124
1
47, 648
34, 598
26, 426
24, 446
2
61, 702
242, 223
306, 388
13,211
65, 885
11,083
18,352
44, 004
58, 973
45, 099
1,342
264, 923
314, 672
13, 398
57, 886
12,212
21,223
43,816
66,104
44, 537
1,458
249, 010
259, 478
9,156
42, 386
8,287
17,904
40, 970
56, 934
42, 148
1,155
210, 764
253, 782
7, 730
40, 082
8,171
18,172
44, 987
52, 466
38,451
1,014
220, 256
248 853
16,561
35 831
8, 054
20 582
36, 946
49, 407
35, 387
1 074
245, 647
242 785
13. 761
29, 758
10,412
17,637
39, 606
46, 275
41 786
1,215
256, 027
261,216
1 1 , 241
28, 926
1 0, 1 69
1 9, 004
45. 828
52, 510
43, 536
1,205
244, 723
244,019
10, 023
25,010
10,083
20 462
41,127
51,213
41,570
1,176
227
264
8
30
13
19
40
54
43
1
771
844
198
439
939
441
428
057
165
380
228 533
230 130
6 .349
23 783
5 479
19 138
39 ,304
51 858
39 621
1 265
230,913
221, 524
5, 413
23. 485
5, 639
20, 121
35, 961
40, 807
41, 075
r
1, 184
266, 728
235, 187
6, 265
22, 473
9. 056
19 8?5
38, 904
54. 127
41, 051
1,309
157,666
138, 352
56, 433
161,775
$27, 554
157,360
151,310
68, 541
1 54, 1 54
926, 419
142, 954
103, 228
58, 695
129,702
720, 123
87, 067
73, 093
59, 306
1 08, 1 65
686, 344
114,752
79 811
49,214
116 407
714, 060
146,917
80,212
50,460
1 24, 355
813,052
154,670
97 038
61,606
133 436
7o8, 113
168,049
89 325
58, 850
123 189
736, 990
180 358
116 300
65, 1 96
135 152
883, 399
134 465
109 465
63. 590
106 691
850 688
110,576
86, 681
50, 871
108 229
827, 542
118, 259
106, 207
56, 587
116,973
971,317
296, 785
73, 839
18,261
1 45, 533
1 6, 303
14, 644
316,630
67, 967
22, 237
165, 204
14, 658
21,879
244, 259
55, 740
24, 868
108,442
1 2, 1 44
20, 087
1 70, 1 07
10,287
20, 563
85, 396
13,414
21 , 070
186 682
21,048
19,040
82, 570
14,330
28,160
220 983
50, 569
1 6, 81 8
90, 291
] 0, 706
35, 629
264 622
61,290
21,026
108, 755
13,345
30,816
271 226
67,142
21,924
98, 036
1 3, 022
31,980
3°3 083
90 505
22,444
132 589
13 419
29 964
268
54
19
127
13
24
216 399
47, 294
17,838
93, 6.31
13, 604
19, 003
250, 491
45, 064
20. 191
114, 364
14, 242
33, 113
1,044,994
129, 972
69, 588
43, 128
71, 774
1,141,155
151, 362
71,141
48,512
74, 940
910,444
124, 732
66, 324
48, 343
50, 776
843, 868
101, 772
62, 640
38, 471
29, 866
887, 563
94, 098
63, 844
44, 549
41,410
994,013
115,751
62, 402
41,334
55, 805
940, 240
97, 815
63, 237
35, 400
66, 321
905,177 1 , 057, 32?
114,891
93, 992
59 151
61 987
35, 1 54
26, 009
59, 779
67 719
246, 681
13,927
34, 882
54, 424
21,386
112, 138
274, 329
14, 543
37, 582
61, 971
23, 302
126, 559
239, 459
15,728
30, 781
56, 440
20, 605
107, 088
222, 956
13,394
22, 931
£5, 808
20,115
102,110
217 861
13,102
17, 044
59, 891
20, 397
99, 949
207 643
8,003
16,689
56, 408
21 , 748
95, 578
224 431
8, 201
20, 451
57, 253
24, 906
103, 664
204 437
7,389
17,481
55 373
21,126
93 412
74, 324
57, 330
63,018
53, 939
70, 321
48, 057
71 , 352
42, 697
0)
0)
0)
237 339
9 442
23, 442
70 475
24, 248
100 384
o
17
50
10
30
910
383
477
814
30 604
33 892
36 574
0)
700
468
149
983
272
919
996 2CO
124,610
57 393
24 778
45 804
967, 493 1,118,851
151, 579
124, 383
66, 609
56 273
17,651
18,294
46, 799
43, 070
238
9
26
67
28
97
223 914
10, 345
27, 561
62, 148
22, 262
92 975
348
191
659
966
274
985
1, 384
269, 816
12,973
32, 396
72, 239
129, 560
112,397
62, 407
59, 1 31
64, 260
73 825
54 787
63 073
60, 483
54, 489
T
58, 572
50, 622
50, 822
52, 941
50, 462
58, 780
55, 498
55, 811
' Revised.
1 Less than $500.
©Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
1 Total
exports and data by economic classes and commodities include shipments under the Mutual Security Progiam. Total MSP shipments are as follows (mil. dol.): April 1952-March 1953, respectively—167.4; 235.8; 113.4; 136.8; 170.3; 247.6; 173.1; 195.0; 275.8; 268.1; 272.3; 328.3.
ABeginning 1952, Turkey is included with Europe; previously, with Asia.
©Including Manchuria beginning January 1952.
9 Data for semimanufactures reported as "special category, type I" are included with finished manufactures.
*New series. Data prior to August 1951 will be shown later.
§"Special category" exports, formerly excluded, are now included in
data back to January 1952; for total machinery and electrical machinery, however, such exports are only partially included.
cfData beginning January 1951 have been adjusted to conform to the 1952 revision of the export schedule.
Petroleum and products
Textiles and manufactures
_
do
do
SUEVEY OF CUEEENT BUSINESS
S-22
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1952
April
May
June
July
August
1953
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. 932, 249
By geographic regions:
55, 851
Africa
do
202, 967
Asia and Oceania A
do
174, 753
Europe A
do
190, 051
Northern North America
do
135, 949
Southern North America
do
172,
678
South America
__ _ _
do
By leading countries:
Africa:
2,973
Egypt
do _
8,994
Union of South Africa
do
Asia and Oceania:
21,
916
Australia including New Guinea
do
42, 200
British Malaya
do
3,699
ChinaO
do
27, 422
India and Pakistan
do
14, 948
Japan
do
28, 098
Indonesia
do
16,
624
Republic of the Philippines
do
Europe:
13,
997
France
do
14, 992
Germany
do
12,
371
Italy
do
2,220
Union of Soviet Socialist Republics
do
47,
105
United Kingdom
do
North and South America:
189,
940
Canada
do
289, 749
Latin-American Republics total
do
10, 900
Argentina
do
66, 861
Brazil
do
14,
659
Chile
do
28, 071
Colombia
do
47,
524
Cuba
do _ _
37, 616
Mexico
do
34,
661
Ven€ zuel a
do
935, 476
Imports for consumption total
do
By economic classes:
292, 479
Crude materials
do
172, 712
Crude foodstuffs
do
91, 061
Manufactured foodstuffs and beverages. _. do
206, 663
Semimanufactures
do
172, 561
Finished manufactures
. do
By principal commodities:
408, 324
Agricultural products total
do
17, 900
Cocoa or cacao beans incl shells*
do
115, 585
Coffee
do
6,223
Hides and skins
do
75, 927
Rubber crude including guayule
do
41, 832
Sugar
do _
37, 711
"Wool and mohair unmanufactured
do
527, 152
Nonagricultural products total
do
7,753
Furs and manufactures
do
Non ferrous ores, metals, and manufactures,
total
thous . of dol. - 129, 160
24, 912
Copper, incl. ore and manufactures. .do
31,076
Tin including ore
do
24, 867
Paper base stocks
do
45, 587
Newsprint
do
59, 082
Petroleum and products
do
834, 495
860, 844
839, 084
817, 016
877, 288
918, 279
803, 849
1,051,064
927, 221
856, 190 '1,004,200 1, 028, 000
43, 379
168, 985
149, 267
195, 518
129, 057
148, 288
53, 604
179, 510
162, 012
211, 100
107, 618
146, 999
47, 189
158, 033
157, 379
191, 537
99, 869
185, 077
35, 252
160, 494
148, 151
183, 483
90, 059
199, 577
30, 281
150, 032
170, 630
206, 672
85, 695
233, 978
35, 015
165, 566
190, 603
219, 112
86, 031
221, 746
35, 596
124, 157
175, 506
201, 716
83, 799
183, 074
56,763
185, 176
199, 816
229, 070
134, 790
245, 449
54, 010
170, 556
185, 553
183, 895
136, 805
196, 403
45, 121
140, 455
172, 260
185, 017
121,717
191, 620
48, 399
154, 988
214, 588
214, 918
150, 506
220, 802
2,367
7,817
766
8,121
7,548
8,275
2,460
7,777
423
8,287
323
6,858
1,851
7,414
7,739
6,979
6,840
9,633
2,334
9,734
2,328
9,115
15, 876
27, 588
2,336
25, 336
16, 064
23, 658
22, 348
10, 459
32, 867
1, 663
21, 187
16, 984
29, 087
26, 801
10,814
21,013
1,424
25, 296
19, 001
19, 227
26, 019
8,771
23, 100
1,099
26, 374
17, 985
24, 676
23, 484
9,302
21, 632
590
24, 231
23, 629
18, 914
19, 024
8,137
19, 941
1,341
24, 912
24, 631
22, 755
18, 873
6,685
20, 328
518
19, 926
20, 924
13, 682
13, 828
24, 633
30, 928
256
27, 543
24, 666
21, 299
15, 451
15, 888
24, 550
678
27, 198
23, 045
19, 485
19, 429
14, 347
16, 959
818
19, 037
15, 439
18, 854
20, 874
6,965
19, 848
571
23, 865
22. 034
18, 547
19, 708
11, 202
15, 937
10, 682
805
43, 422
13, 141
15, 661
12, 521
1,611
38, 260
12, 725
16, 954
12, 702
1, 535
40, 374
12, 485
16, 668
12, 557
1,241
35, 789
11, 765
19, 133
10, 998
1,617
42, 975
15, 493
23, 001
17, 251
1,376
46, 041
12, 569
23, 810
14, 128
982
38, 609
14, 259
22, 743
16, 591
559
42, 722
14, 346
20,991
18, 504
810
37, 495
13, 023
17, 675
10, 187
367
44, 698
17, 379
28, 071
15, 381
2, 005
51,361
195, 516
257, 193
9,208
49, 593
15, 946
21, 697
57, 131
32, 838
32, 930
842, 944
210, 555
238, 633
12, 473
49, 431
13, 102
24, 246
40, 458
31, 363
32, 131
858, 308
190, 889
269, 548
15,112
49, 606
22, 828
33, 526
36, 722
25, 755
32, 731
838, 175
183, 017
278, 496
11, 428
63, 125
31,031
35, 735
42, 352
26, 402
31,717
815, 618
205, 876
306, 625
16,444
88, 896
36, 518
36, 324
37, 109
25, 989
34, 804
882, 065
218, 769
287, 196
19, 574
76, 739
31, 261
30, 066
24, 447
29, 511
32, 964
966, 110
201, 634
250, 416
15, 737
57, 728
27, 782
28,044
20, 284
33, 160
32, 574
795, 493
229,038
356, 042
22, 245
81, 685
36, 922
41, 970
26, 418
51, 577
35, 804
1,021,449
183, 882
311, 145
22, 750
57, 916
24, 671
33, 519
36, 607
41, 625
34, 575
913, 589
184, 973
294, 690
15, 042
58, 576
26,314
31, 029
32, 773
37, 969
34, 751
848, 274
214, 909
351, 079
20, 929
67, 602
28, 143
37, 494
48, 798
44, 213
39, 259
991,987
231, 537
135, 842
106, 028
203, 244
166, 293
242, 925
149, 603
94, 664
200, 828
170, 288
214, 846
149, 360
97, 221
201, 314
175, 433
209, 864
144, 514
97, 640
201, 947
161, 652
205, 860
177, 241
102, 314
220, 850
175, 801
268, 704
162, 006
89, 410
243, 723
202, 268
181, 802
152, 094
74, 815
208, 081
178, 701
246, 866
229, 704
79, 974
274, 209
190, 696
235. 974
190, 486
85, 464
225, 958
175, 707
208, 540
175, 810
76, 306
221, 835
165, 788
234, 071
207, 899
106, 064
242, 996
200, 958
353, 248
21, 291
76, 128
4,496
49, 046
50, 893
31, 579
489, 695
6,498
344, 846
22, 303
82, 679
6,532
52, 132
43, 653
?3, 341
513, 463
7,239
329, 783
10, 161
95, 442
5, 832
33, 445
43, 724
27, 645
508, 391
7,196
337, 072
6,871
99, 155
5,298
40, 999
44, 526
23,929
478, 545
5, 790
360, 530
6,344
126, 550
3,935
30, 996
40, 161
25, 086
521, 535
4,924
371,240
2,897
109, 590
4,852
32,613
19, 528
63, 073
594, 870
7, 035
290, 160
8,653
94, 992
3,728
27, 077
13, 708
16,719
505, 333
2,611
410, 680
24, 650
149, 133
5,437
41,921
17, 924
27, 549
610, 770
8,585
382, 326
20, 084
123, 448
5,315
35, 465
33, 282
38, 969
531, 263
7, 578
335, 265
15, 120
121, 604
4,789
28, 816
'31,237
r
29, 129
513,014
5,538
405, 850
13, 101
150, 361
5,936
33, 458
44, 450
30,011
586, 138
9,789
116, 120
21, 763
22, 372
25, 569
44, 484
58, 051
122, 031
20, 664
34, 388
24, 703
50, 938
55, 504
126, 982
42, 361
32, 037
21, 546
50, 191
54, 547
109,
42,
28,
23,
47,
51,
114, 460
47, 940
23, 344
26, 390
49, 899
52, 230
122, 912
41, 848
30, 693
27, 071
51,003
64, 479
103, 248
40, 714
20, 980
27, 323
47, 937
53, 979
143, 311
49, 819
26, 806
29, 639
53, 604
71, 782
115, 429
34, 879
30, 722
25, 894
46, 106
65, 112
119, 714
43, 561
24, 531
24. 219
43, 841
57, 929
123, 092
36, 298
29, 169
24. 039
49. 808
64, 576
596
841
852
718
359
754
r
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
F
s
d'frpi ht par iprl
short tons
T?
(\ f
ht t
m'lpVfl ~ ~ V ^ ~ thousands
M"ail ton-miles
flown
do
Pa^pntrpr milps flown rpvpnne
do
33, 887
19, 233
12 887
5,649
1,889
994, 729
32, 274
17,815
11,442
5,527
1,831
973, 389 1,
34, 069
18, 341
11,700
5,109
2,054
116, 764
36, 475
11,612
5,115
2,012
1,081,742
35, 566
36, 213
2
55, 643
13. 720
12, 475
15,826
5,225
5,731
5,201
2,128
2,140
2,183
1,142,731 1,121,868 1,119,674
36, 612
34, 211
35, 632
35, 931
33, 836
37, 707
2 72, 363
14, 459
13, 133
14, 967
14, 566
16, 591
5,346
5,971
5,554
7, 947
5,574
1,845
2,059
1,828
1,879
1, 839
972, 158 1,018,400 1,040.706 1, 000, 839 1, 154, 796
Express Operations
Operating revenues
Operating income
thous of dol
do
19, 982
19
19, 958
*5
19, 592
20
19, 505
19, 793
0)
20, 561
56
20, 901
7
20, 921
50
26, 474
37
20, 061
27
19, 645
67
21,711
28
cents
millions
11. 1922
1,053
129, 400
11. 2579
1,050
128, 300
11. 3820
962
118, 000
11.4477
921
117, 300
11.7810
919
121, 800
11.9148
975
119,000
11. 9465
1,048
133, 500
12. 1776
964
127, 700
12.2311
1,059
145, 400
12.3114
959
127, 300
12. 4184
897
120, 300
12. 4428
1,010
130, 900
d
4
Local Transit Lines
Fares average cash rate
Passengers carried revenue
12. 4988
982
Class I Steam Railways
Freight carloadings (A. A. R.):cf
2,802
2,731
3,363
3,294
3,352
2,957
2,236
4,001
2,671
3,882
3,677
2,608
2,912
Total cars
thousands..
451
455
439
636
517
470
317
613
713
631
478
498
607
Coal
do
61
59
55
58
74
60
15
57
75
58
22
68
53
Coke
- do
175
173
179
179
164
178
225
203
170
243
179
201
175
Forest products
do
170
166
159
221
168
255
219
263
187
253
232
204
162
Grain and grain products
do
32
27
26
36
49
66
67
40
24
42
42
26
36
Livestock
-do
83
245
85
96
78
371
357
44
387
447
403
96
211
Ore
do _ _
288
274
281
302
265
318
289
360
364
257
278
'349
297
Merchandise 1 c 1
-do
1,549
1,544
1,490
1,673
1,938
1,770
1,579
1,377
1,155
1, 852
1,298
' 1,804
1,481
Miscellaneous
___do
d
2
' Revised.
Deficit.
* Less than $500.
Data represent quarterly total.
ABeginning 1952, Turkey is included with Europe; previously, with Asia.
©Including Manchuria
beginning January 1952.
*New series. Data prior to August 1951 will be shown later.
tfData for May, August, and November 1952 and January 1953 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-23
1953
1952
April
May
June
July
August
September
October
November
December
January
February
March
April
TRANSPORTATION AND COMMUNICATIONS—Continued
TR AN SPORTATION—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
do _ _
123
103
163
142
115
124
101
178
131
116
59
292
45
138
111
96
68
144
165
45
82
44
122
104
75
56
147
183
45
73
43
116
129
101
154
157
145
61
323
46
141
145
135
187
151
138
93
352
48
155
138
93
185
146
157
117
314
48
158
138
123
195
149
144
95
258
47
150
120
111
200
135
123
66
77
43
135
121
108
193
139
128
59
70
42
138
119
97
191
140
112
46
69
43
140
122
92
186
142
119
47
79
45
146
127
96
175
144
117
58
231
44
146
126
Total adjusted
do
103
Coal
do
166
Coke"
do. _.
142
Forest products
do
130
Grain and grain products
do...
73
Livestock
do
212
Ore
--- do. _
46
Merchandise 1 c 1
do
141
Miscellaneous
do_
Freight-car surplus and shortage, daily average:
17, 100
Car surplus total
number
4,108
Box cars
do
3,339
Gondolas and open hoppers. ..
do__ 1,874
Car shortage total
do
365
Box cars
.
...
_.
do
857
Gondolas and open hoppers
do _
Financial operations:
Operating revenues total
thous of dol rr 847, 618
702, 284
Freight
do
71,906
Passenger
- -- do_
>" 667, 543
Operating expenses
do_
Tax accruals, joint facility and equipment rents
thous. of dol. - M 07, 651
r 72, 425
Net railway operating income
do
45, 341
Net income!
do
Operating results:
52, 147
Freight carried 1 mile
mil of ton-miles
1.412
Revenue per ton-mile
cents
2,684
Passengers carried 1 mile revenue
millions
122
101
179
126
132
66
212
45
137
108
96
69
139
161
56
53
44
119
102
75
57
146
153
56
46
43
115
125
101
160
149
134
65
216
46
140
134
135
189
140
123
70
235
45
144
128
93
188
139
157
76
233
46
145
134
123
195
152
147
76
233
46
144
131
111
191
152
131
69
248
45
144
134
108
184
154
128
62
278
44
151
130
97
181
146
114
57
275
45
149
132
92
184
142
130
60
273
45
154
129
96
178
144
133
66
251
44
148
24, 363
11,153
2,554
2,296
704
959
28, 136
14, 669
6,372
2,933
1,865
717
40, 311
7,477
26, 642
2,070
1,490
448
13, 934
1,691
6,310
4,924
1,958
2,743
5,693
331
113
12, 028
3,822
7,691
8,914
25
6,996
14, 194
8, 235
5,169
5 294
33
2,030
7,075
4,253
2,472
24 003
8 113
10, 456
792
449
173
79 262
21, 625
46, 558
827
564
137
69 294
8,145
51, 776
1 376
768
194
73, 260
7,429
56, 584
1,745
976
203
58, 597
5,584
43, 375
1,501
602
341
870, 315
720, 138
75, 955
676, 418
814, 338
663, 869
81,702
645, 934
790, 718
644, 792
80, 482
634, 398
899, 734
744, 841
80, 548
663, 360
942, 139
796, 010
70, 581
674, 577
985,215
838, 101
66, 027
707, 483
908 004
769, 593
65, 025
661, 229
935
762
84
711
061
543
069
367
863, 001
713, 727
79, 199
661, 684
812 968
684, 368
64, 738
621 092
919, 617
779, 580
67, 052
1 696, 914
905, 605
765, 798
67, 093
673, 704
110, 927
82, 970
54, 342
100, 529
67,875
48, 988
95, 357
60, 963
35, 469
131, 334
104, 939
78, 155
146, 650
120, 913
94, 456
157,064
120, 669
92 073
136, 088
110,687
84 158
114, 091
109 602
141 852
121, 242
80, 075
57 595
114, 076
77 800
55 943
129, 134
93, 570
71, 997
130,392
101,509
54, 557
1.393
2,802
47, 293
1.475
3,065
44,817
1. 524
3,076
56, 949
1.377
3,133
58, 213
1.430
2,696
58, 066
1 503
2,481
56 975
1 417
2,416
50 753
1 552
3 118
51, 756
1 458
2,943
47 714
1 502
2 389
53, 227
1 536
2,491
9,217
5,799
3,418
10, 402
6,699
3,702
9,341
6,065
3, 275
9,292
6,118
3,174
9,737
6,576
3,159
9,723
6,523
3,200
9,637
6,467
3,170
8 687
5, 813
2,874
8 560
5,994
2 565
3,039
1,035
2,979
1,188
2,948
1,256
2,649
762
2,511
909
2,888
1,148
3,261
1,236
2,866
1,077
3,057
1,109
3, 037
940
3,009
947
3,233
1,168
3,182
1,526
6.74
79
251
6.20
78
266
6.70
79
260
6.39
72
237
7.15
76
255
6.91
78
251
7.13
83
259
7.17
72
241
6 49
63
233
6.69
76
249
6 77
78
245
6.49
76
230
7.14
78
264
61, 610
72, 209
1,518
20, 431
48, 658
559
58, 893
79, 967
1,704
18, 898
51, 528
1,075
76, 484
109, 740
1,744
18, 361
45, 330
2,455
88, 798
111,036
115, 846
94, 685
105, 868
63, 766
73, 084
55, 698
60 671
50, 824
56 399
53 130
59, 980
63, 018
63 298
71 506
34, 150
4,008
29, 361
4,270
25, 062
1,603
21,497
982
17, 109
375
19, 466
237
26, 700
253
40 199
328
47, 501
419
599
762
9,343
763
9,446
809
10,145
682
8,618
716
9,074
718
9,113
717
9,064
665
8,368
766
9 664
919
11,610
741
9 388
748
9,817
343, 596
203, 861
114, 762
352, 525
205, 171
121, 895
351, 732
206, 102
119, 781
351, 597
204, 358
120, 635
354, 143
205, 1 14
122, 471
357, 925
210, 387
120,911
370, 929
216, 164
127, 665
359, 634
214, 751
117, 549
380 586
223 190
129, 766
374, 578
222, 116
124, 327
363 949
219 159
116 260
234, 876
43, 627
40, 662
248, 667
41, 238
40, 847
245, 862
42, 238
40, 966
258, 743
37, 140
41, 105
252, 771
41,077
41,255
255, 480
40, 878
41,419
261, 973
44, 112
41,621
251, 155
43, 950
41, 786
273 404
50 534
42 068
260, 513
45 507
42, 116
248 719
46 270
42 298
65
195
47
139
Waterway Traffic
Clearances, vessels in foreign trade :§
Total U S ports
thous of net tons
Foreign
do
United States
do
Panama Canal:
Total
.thous. of long tons
In United States vessels .
. _ ._ ..do . ..
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied t
- - -- percent of total Restaurant sales index
same month 1929=100.Foreign travel:
U S citizens arrivals cf
number
U S citizens departurescT
do
Emigrant aliens departed
do
Immigrant aliens admitted
do
Passports issued
_ _ _ .do . .
National parks visitors
-thousands
Pullman Co.:
Revenue passenger-miles
_.
millions
Passenger revenues
-- thous. of dol
COMMUNICATION S
Telephone carriers:©
Operating revenues
Station revenues
Tolls, message
thous. of dol
do
. . . do
Operating expenses, before taxes .
Net operating income
Phones in service, end of month
_.
do
do
thousands _ .
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
- _ . -thous. of dol_
Operating expenses, incl. depreciation
do. _
Net operating revenues ..
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation __do
Net operating revenues
do
Radiotelegraph :
Operating revenues
-. do
Operating expenses, incl. depreciation
do
Net operating revenues
do
10, 384
12, 894
<* s, 247
15, 839
14, 544
474
15, 847
15, 101
"47
15, 633
14, 883
3, 698
17,251
15, 534
974
17, 842
15, 850
1 253
15, 881
14, 761
435
18, 962
16 225
2 370
16, 937
15 487
655
16, 033
14 178
1 097
18 245
15 325
2 136
2,155
1,702
251
2,250
1,722
270
2,081
1,766
105
2,164
1,880
60
2,101
1,798
91
2,377
1,779
383
2 470
1 804
438
2 272
1,820
256
2 603
1 919
436
2 456
1 875
360
2 293
1 778
296
2 617
1 869
512
2,433
2,066
252
2,546
2,156
271
2,517
2,056
340
2,585
2,084
388
2,385
2,038
246
2,461
2,090
259
2 611
2^160
360
2 391 i
2,069
''67
2 799
2,297
489
2 453
2,133
192
2 346
1,992
222
2 657
2,130
390
7,233
10, 243
d
r
d
Revised.
Deficit.
1 Includes operating expenses amounting to $17,700,000 which are applicable to the months of December 1952-February 1953.
iRevised data for March 1952
$53,335,000.
§Beginnirig July 1951, data exclude vessels under time or voyage charter to Military Sea Transportation Service.
fRevised series. Data beginning 1951 have been adjusted to the levels of the 1948 Census of Business.
cfData exclude arrivals and departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.
©Data relate to continental United States. Beginning January 1952, data exclude reports from several companies previously covered and include figures for some not included in earlier
data.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1952
May
April
July
June
August
1953
September
October
November
December
January
February
March
April
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production :$
Ammonia, synthetic anhydrous (commercial)
160, 034
165, 105
short tons.. 177, 059
630
442
Calcium arsenate (commercial)
__do__ .
0)
56. 074
60, 601
58, 380
Calcium carbide (commercial)
- do._
72,417
63, 579
53, 756
Carbon dioxide liquid gas and solidO
do
221, 169
200, 169
214, 128
Chlorine gas
do
48, 851
50, 669
53, 129
Hydrochloric acid (100% HC1)
do _
150
763
279
Lead arsenate (acid and basic)
do
122, 670
128, 065
Nitric acid (100% HNOs)
do ._ 137, 924
1,954
1,131
1, 941
Oxygen (high purity)
mil. of cu. ft
172, 135
153, 497
173, 334
Phosphoric acid (50% H3P04)
short tons
Soda ash, ammonia-soda process (98-100%
334, 449
363,
579
358, 448
Na^COs)
short tons
6,428
5, 656
6,745
Sodium bichromate and chromate
do
258, 521
230, 883
250, 564
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhy41, 194
36, 794
38, 565
drous)
short tons
Sodium sulfate, Glauber's salt and crude salt
65, 838
65,
646
67, 031
cake
short tons
Sulfuricacid:
1,007,709
1,
109,
076
1,
115,
602
Production (100% H2S O4) _
do
Price, wholesale, 66°, tanks, at works
20.00
20.00
20.00
dol. per short ton_.
Organic chemicals:
Acetic acid (synthetic and natural), production
26, 380
27. 980
26, 535
thous. of lb__
51 ', 944
31, 536
27, 591
Acetic anhydride, production
do
957
1,109
1,247
Acetylsalicylic acid (aspirin), production-.. do
Alcohol, ethyl:
33, 857
26, 062
32. 922
Production
thous of proof gal
82, 344
97, 550
74, 420
Stocks total
do
In industrial alcohol bonded warehouses
55,
592
50,
584
51,
949
thous. of proof gal..
41, 959
30, 395
23, 837
In denaturing plants
. . . _ _ _ _ do
33,
102
34,
108
30,
539
Used for denaturationf
do
1,447
1,395
1, 755
Withdrawn tax-paid
_ . ..do _ _
Alcohol, denatured:
17, 868
18,368
16, 481
Production
thous. of wine gaL.
18, 018
20, 284
19, 984
Consumption (withdrawals)
_ _
do _
8,055
12, 093
8,555
Stocks
do
7,077
14,
401
13.
293
Creosote oil, production
thous. of gal. _
5, 873
4,204
4,419
Ethvl acetate (85%), Production
thous. of lb..
Glycerin, refined (100% basis):
High gravity and yellow distilled:
7,099
7,538
6,770
Production
_ _ __
do_ 6,374
6,385
6,239
Consumption
do
14,
427
17,
578
17,
013
Stocks
do
Chemically pure:
5,428
12, 528
7,178
Production
do
7,008
7.015
7,040
Consumption
_ _ _ _ _ _ do_ _
24, 507
29, 435
28, 382
Stocks
do
Methanol, production:
175
158
201
Natural (100%)
- --thous. of gal
11,881
13, 498
13, 111
Synthetic (100%)
do
19, 225
21, 348
21, 263
Phthalic anhydride, production
thous. of l b _ _
167, 574
704
52, 238
80, 662
194, 285
49. 282
0)
118,340
1, 046
153,609
173, 326
0)
45, 812
79, 391
207, 964
54, 462
184, 319
0)
56, 315
55, 292
227, 970
61, 646
0)
140, 866
2,251
205, 074
178,
128, 886
1, 862
179. 200
171, 721
0)
47, 947
65, 370
206, 966
57, 334
0)
134,588
2 023
185, 295
562
0)
56, 150
46,012
219, 626
61,699
381
147, 180
2, 175
179, 647
193, 507
0)
61, 903
45, 441
224, 938
64, 284
0)
157, 508
2,297
176, 929
188, 882
415
65, 788
44, 463
231,017
66, 056
709
156, 824
2,278
207, 747
336, 327
3,722
224, 462
370, 877
5,882
242, 721
349, 218
7,001
242, 700
405, 778
8, 355
260, 742
431, 598
8,107
257, 081
414, 557
8,013
260, 184
422, 365
8,490
269.311
34, 403
35, 521
44, 948
59, 997
44, 373
45, 893
41, 181
41, 950
49, 941
58, 999
66, 516
68, 913
75, 070
76, 075
81, 301
81,814
' 73, 221
80, 383
0)
968, 467
1,066,592 1, 079, 457 1, 164, 427 1, 159, 061
173, 857
189, 644
926
534
61. 913
68, 946
' 43, 997 52 950
217, 261
232, 811
' 60, 570 65, 960
1,194
1,144
139, 178
146, 594
2,161
2,332
' 199, 765 214, 715
370, 735
' 7, 440
256, 482
423, 755
8, 236
274, 686
1,192,765 1, 184, 405 1,116,994 1,270,151
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
20.00
34, 256
65, 963
845
32, 979
70, 859
823
32, 781
74, 404
807
38*746
80, 829
1, 189
39, 241
69, 515
1,145
42, 985
72, 855
1,137
39, 858
67, 175
1,120
33, 894
61,361
1,115
44, 211
71, 448
1,195
39, 292
77, 437
32, 984
82, 661
36, 439
87, 430
35, 839
85, 838
31, 552
81, 702
42, 182
83, 245
46, 161
84, 263
45, 013
77, 701
46, 837
64, 238
44, 681
74, 492
47, 610
29, 827
35, 397
2, 052
47, 420
35, 241
28, 577
1, 629
48, 430
39, 000
31,249
2, 057
46,419
39,419
35,172
2,058
42, 281
39,421
34, 286
2,101
44, 833
38, 412
40, 638
1,448
52, 686
31, 577
35, 349
1,815
56, 948
20, 753
40, 320
1, 892
54, 592
9,646
56. 224
2,171
55, 022
19, 470
34, 435
2,105
19, 039
17,468
9,100
6,509
4,152
15, 437
18, 261
7,158
12, 547
8,813
16, 987
16, 799
7, 326
12, 538
7,984
19,226
19,166
7,347
13, 026
7,363
19, 613
18, 428
8,548
14, 059
8,082
23, 417
23, 665
8,285
12, 897
8, 375
19, 037
20, 225
7,084
12,631
6, 925
21,659
17, 583
9,689
10,813
7,222
30, 199
25, 169
14, 909
11, 505
7,685
18.414
23, 105
10, 207
5,855
6,003
13, 553
6,511
6,538
12, 246
7,279
6,975
12,066
7,602
8,101
11,447
7, 043
7,102
11, 006
6,898
6,219
11,370
6,701
6, 503
12, 998
6, 762
6,276
12, 697
' 8, 097
6, 866
14, 856
7,380
7,092
15, 660
6,237
6,628
21, 684
9, 035
7, 536
19, 080
10, 040
7,991
17, 173
11.147
8,886
16, 211
10, 629
7, 527
15, 336
11, 663
7,608
14, 595
12, 181
8, 233
16, 069
13, 258
7,552
17, 644
' 14, 722
8,217
20, 146
13, 276
7,897
21,323
195
11, 890
18, 955
179
12,059
16, 462
234
11,143
17,954
194
13, 367
19, 036
179
13, 329
20, 480
172
15,544
19, 978
153
14,027
20, 013
148
11,890
18, 481
184
13, 275
21,841
2389
203, 643
24. 643
164, 357
7,015
2380
208, 593
19, 939
170, 215
7,227
3599
171. 683
28, 068
124,084
5,893
2
559
242, 814
7,955
219, 806
12, 602
2
572
169, 969
7, 850
148, 826
7,848
2685
160, 461
22, 468
117,635
8,686
2924
140, 760
5, 946
116, 482
6,637
2 1, 324
161, 193
5,336
139, 696
9,161
2
2, 030
199, 096
6,853
179,311
7,814
p 20. 00
FERTILIZERS
Consumption (14 States)§
Fxports total
Nitrogenous materials
Phosphate materials
Potash materials
thous. of short tons..
short tons
do
do
do
1,819
204, 452
15, 296
173, 431
6,147
1,167
207, 943
15,353
176, 649
7,887
530
136, 743
7,652
117, 254
7,227
2 1, 863
370, 867
141,032
172, 603
220, 823
237, 657
169,119
204, 665 208, 013
194, 599
296, 708
194. 024
232, 080
Im ports, total
do
297, 549
151, 448
96, 732
165,102
181, 487
122, 146
100, 674
149, 891
137, 862
245, 377
133, 078
Nitrogenous materials, total _ _ _ _ _ _ _ do._
180, 359
75, 600
18, 706
90, 517
33, 915
69, 842
69, 563
37,015
50, 743
50, 865
37, 565
66, 738
Nitrate of soda
_ _
_
do
41,722
11,610
7,318
14,
698
17,
510
6,
460
6,832
10,
856
8,
735
8,166
4
521
26,
160
Phosphate materials
- do
12,400
23, 258
29, 031
33, 020
21, 293
12, 488
26, 481
30, 821
34, 119
27, 336
30, 831
22, 218
Potash materials
do
27, 654
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
57.00
57.00
57. 00
57.00
57. 00
57.00
57.00
p 57. 00
57.00
57.00
port warehouses
dol. per short ton..
57.00
57.00
57.00
125, 600
214, 470
127, 810
157, 711
149, 678
113, 167
183, 982
142, 726
122, 979
Potash deliveries
short tons
133, 733
127, 884
139, 339
167, 733
Superphosphate (bulk):
r
3'1, 148,284 '1,082,538 ' 944, 549 ' 928, 757 ' 900, 242 928, 624 '1,048,458 ' 917, 938 941,440
Production
do
971,091 ' 969, 410 '1,111,489 1,200,016
912,401
3'915,522 •1,038,548 '1,249,581 '1,375,725 '1 ,429,455 '1,407,402 '1,403,232 '1,398,372 1,510,676 1,554,703 1,433,309 '1,148,185
Stocks, end of month
do
NAVAL STORES
Rosin (gum and wood):
Production semiannual total
drums (520 lb )
Stocks, end of period
do
Price, gum, wholesale, "WG" grade (N.Y.), bulk
i
j
dol. perlOOlb.J
8.55
8.55
Turpentine (gum and wood);
Production, semiannual total
bbl. (50 gal.)
Stocks, e n d o f quarter
do
_ _ _ _ _ _ _ _ _
Price, gum. wholesale (N.Y.)
dol. per gal. .
.61
.60
!
8. 50 j
948. 760
904.650
•
8.35
8.35
769, 520
718, 440
8.70
331.000
214.640
.62
8.50
8.50
8.40
8.90
8.80
8.80
p 8. 60
:
233, 670
•m nnn
.63,
.621
.60
.62
.62
.60
. 60 i
.60
. 60
P. 60
r
2
Revised.
p Preliminary.
1 Not available for publication.3
Total for 12 States: excludes data for both Virginia and Kentucky (effective July 1952, Kentucky will report semiannually: see note "§" below for quarterly data for Virginia).
Revisions for January 1951-March 1952 will be shown later.
fRevised data for January-October 1950 and 1951 are available upon request.
©Data beginning January 1951 exclude amounts produced and consumed in the same plants manufactur
91;
.
short tons): 1951—January-March, 312; April-June, 288; July-September,
; 1953— Januar-March
January-March, 3L9.
SUEVEY OF CURRENT BUSINESS
June 1053
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April
May
June
July
August
1953
September
October
November
December
January
902
56, 709
1,056
56, 212
February
March
April
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
High explosives
Sulfur:
Production
„
Stocks
thous. of lb__
_
do...
706
61, 905
556
63, 111
489
57, 251
586
51,315
764
62, 515
1,010
66, 177
1 184
66, 621
1 016
59, 840
454, 960
460, 058
443,017
477, 939
447, 481
428, 810
long tons
436 143
430 811
422 560
do _ _ 2, 808, 368 2, 827, 506 2, 902, 335 2, 982, 331 3, 047, 591 3, 081, 284 3, 064, 952 3 053 843 3,068 855
812
56, 871
710
58, 876
634
63, 170
418 568
471 615
47Q 954
381 532
3,130,379 3,089 132 3, 042 952 3 001 430
FATS, OILS. OILSEEDS, AND
BYPRODUCTS
Animal fats, creases, and oils:t
Animal fats:
321, 630
305, 335
290, 088
286, 050
290, 840
431, 751
Production
thous. of lb__ 349, 058
427, 887 r 343, 522
344, 181
367 547
331 952
358 024
114, 807
117,906
115,548
95, 111
114, 199
110, 119
Consumption, factory
do
105 973
113 586
127 834 r 128 956
104 045
128 965
125 007
329, 408
336, 784
367, 590
329, 643
377, 329
339, 625
Stocks, end of month
_ do
406, 370
460, 719
453 996 r 499 299
443 138
296 004
327, 150
Greases:
49, 982
50, 357
49, 486
44, 932
46, 040
43, 600
Production
_ _ do
55 434
57, 588
57, 636
51 541
51 090
52 056
54 838
36, 701
37,913
31, 969
31,098
35, 164
37, 100
Consumption, factory
do
44 866
39 197
32 518
35 222 r 40 361
34 996
34 533
111,895
105, 411
115,580
118, 495
113, 738
107, 634
Stocks, end of month
do
117, 840
114, 150
115 820 r 109 800
107 530
105 854
101 152
Fish oils:
5,141
11,060
12, 748
22, 631
13, 407
22, 683
Production
do
486
223
244
3 037
1 844
5 743
9 268
9,758
9,451
10,174
8,331
9,919
11,763
Consumption, factory
do __
10 832
17 820
14 599
11 930
11 443
14 975
15 957
68,538
66, 640
69, 931
84, 479
89, 990
88, 854
Stocks, end of month cf_ - _ .
do___
51 459
76, 380
65, 644
92 801
90. 117
47, 180
103 115
Vegetable oils, oilseeds, and byproducts:^
Vegetable oils, total:
455
382
430
343
305
5Q2
433
354
Production crude
mil of Ib
566
572
510
488
627
442
487
r 546
361
410
413
394
Consumption, crude, factory
do
551
521
562
525
532
566
Stocks, end of month:
1,123
1,202
1,054
962
1,017
952
r I 102
1 115
1 147
1 112
1 096
1 074
Crudecf
do
1 049
624
632
572
536
438
498
872
Pefined
__do _
1,044
967
689
111
578
474
49,815
58, 562
32, 674
30,911
27, 991
43, 097
18 102
Exports
thous. of Ib
41, 414
35, 276
17 699
18 875
30 808
28,
638
31,067
30,
935
36, 473
35, 171
32, 922
25 227
31 759
33 909
Imports total
do
37 943
33 521
36 190
2,049
4,389
5,051
554
5,447
2,153
5,177
441
2 494
733
877
Paint oils
do
3 664
26, 678
25, 884
26,590
31,026
29, 993
30, 769
All other vegetable oils .._
..do _
31, 026
24, 349
32 525
35 449
33, 468
32 966
Copra:
23,068
32, 794
16, 051
18, 028
32, 550
37, 665
Consumption, factory
short tons
29 524
35 228
30 262
27 095
28 611
19 014
31 031
11, 267
11,952
4,061
11,974
10, 070
13, 570
Stocks, end of month
.
__do_ _ _
16 591
12 324
11 277
12,900
17 729
23,608
21,
892
16,
456
21, 390
23,507
29, 563
23, 426
26, 583
19, 969
Imports
_
_ _ do ._
43, 529
24. 433
29 029
Coconut or copra oil:
Production:
29, 564
41, 626
21, 486
22, 632
45, 425
41, 096
36 332
47, 692
34 491
Crude
thous of Ib
37 619
24 232
38 622
39 520
32, 465
31,011
27, 765
26, 745
41, 035
38, 003
36, 466
27 041
29 174
Refined
do
31 423
30 958
29 922
26 942
Consumption, factory:
48,315
48, 037
43, 436
41,119
56, 545
61, 323
51, 836
45 998
42, 439
Crude
__do _
47 506
47,818
41 591
44 820
28, 306
28, 085
26, 131
23, 431
34, 112
35, 858
30, 364
27, 401
24, 030
25, 409
Refined
_ _ do_ _.
26, 344
27 093
23 201
Stocks, end of month:
79, 869
56, 707
67, 285
49, 699
46, 974
42, 465
50, 718
44 552
30 782
45 915
47, 506
36 744
41 411
Crude cf
do
8,961
8,899
7,596
7,578
7, 616
8,730
8,334
8,241
Refined
_
_ do
8 415
7,980
7, 677
7 429
8 809
7,522
7,921
9,777
16, 085
10, 137
14,152
12, 237
16 162
10 846
5 298
Imports
do
11, 950
9 069
Cottonseed:
14
14
22
78
25
1,170
398
1 757
Receipts at mills
thous of short tons
1 097
222
100
539
38
218
153
306
117
521
Consumption (crush)
do
782
148
655
550
719
666
480
371
315
176
518
137
1,035
Stocks at mills, end of month
...
do _ .
386
1,827
1,391
2,010
2 388
2,261
949
603
Cottonseed cake and meal:
101, 133
69, 838
379, 384
55, 746
248, 660
70, 059
Production
. __
_.
short tons__ 146, 191
317, 680
310, 755
262, 173
348, 802
231 782
179 460
58, 946
46, 396
57, 870
115,114
45, 104
81, 857
Stocks at mills, end of month
_ do
47, 876
194 047
210 115
144 420
155 303
208 612
174 631
Cottonseed oil, crude:
52, 822
72, 082
106, 633
41, 143
249, 604
156, 459
44, 768
Production
_
thous. of Ib
231, 827
213, 966
211, 130
180, 541
165 259
131 004
58, 602
96, 917
41, 077
162, 946
103, 809
Stocks, end of month_
d o _ _ - 129, 093
38, 375
170, 739 r 149, 973
188, 505
178, 154
178,757
115 388
Cottonseed oil, refined:
100, 080
123, 723
79, 578
54, 023
71,655
173,856
42 285
Production
do
190 034
198 592
185 476
173 738 r 169 882
159 289
113, 260
109, 369
106, 108
90, 150
103, 262
119,867
92, 727
Consumption factory
do
86 397
104 450
99 752
95 697
90* 754
92 0^3
28, 784
28, 764
28, 523
17, 070
32, 434 1 29, 2 58
23,
978
In oleomargarine
do
29
016
24
707
25
781
23
109
26
480
18 144
1
1
434, 758 i 432, 620
401, 400 1 361, 320 1 318, 006 i 288, 212
343, 165 1 445 493
Stocks end of month
__do
544 572 1 627 573 !723 763 r 18H 815 i 881 275
.185
.180
.180
.205
.191
.191
.205
Price, wholesale, drums (N. Y.)*__dol. per l b _ ^
.195
.228
.193
.179
.233
P. 233
Flaxseed:
Production (crop estimate) §
thous. of bu
a 31 002
Oil mills:
2,083
2,172
1,580
1,897
2,303
2,295
2,903
Consumption
_
_ do
2, 285
2 627
2 699
2 065
1 924
1 680
3,440
3,059
3,608
3,346
5,461
3,794
6,154
Stocks end of month
do
r 2 822
5 621
4 967
4 355
3 679
2 136
3.96
3.93
4.00
4.01
4.17
4.08
Price, wholesale, No. 1 (Minn.)
dol. per b u _ ^
4.17
4.04
4.10
4.10
3.95
3.90
"3.84
Linseed oil, raw:
44,
015
41,
647
38,
953
31,
860
46, 702
46, 904
Production
thous. of Ib
58 017
46 016
51 336
54 620
41 300
39 027
34 663
43, 565
43, 685
44, 651
45, 899
51,841
54, 981
Consumption, factory
_ do.
53, 608
42 335
47 674
41 602
49 864
41 599
43 085
637, 975
634, 474
638, 021
646, 589
616, 537
622,3 350
Stocks at factory, end of month
do
622 079
626 611
634 959
643 703
641 675
636 113
6263 180
.178
3 .155
.176
3.150
3.156
.152
Price, wholesale (N. Y.)
dol. perlb_.
3.151
3.150
3.146
3.148
3.148
3.151
* . 152
Soybeans:
Production (crop estimate) §
thous of bu
2 291 682
19, 682
20, 129
17, 539
18,617
14, 969
17, 549
21 550
Consumption, factory
do
21 997
21 397
22 507
18 679
20 437
19 171
28, 493
30, 838
32, 307
22, 339
11,632
Stocks, end of month.
_
_ _ __do-- 9,071
65 741
85, 496
89 783
79 852
55 817
49 613
44 680
Soybean oil:
Production:
9flQ 09 r
204, 138
189, 977
199, 002
179, 498
155 632
238 300
178 795
Crude
thous of Ib
226 935
230 609
231 000
200 412
221 783
181, 249
162, 158
198, 641
177, 198
199, 066
166, 542
175, 008
Refined
do
173 576
198 811
202 969
186 396 r 203 529
198 287
188, 112
142, 825
171, 244
171, 062
187, 729
Consumption factory refined
do
210, 621
154 982
182 331
171 950
195 424
175 466 r 190 474
182 488
Stocks, end of month:
224, 072
185, 122
197, 473
180, 130
98, 287
124, 629
136, 414
Crude
do
139 602
153 674
166 204
156 308
158 194
156? 951
111, 280
130, 234
116,618
126, 720
124, 222
96, 020
75, 677
Refined
- - do
73 545
83 716
87 118
88* 275
r 98 342
103 952
.174
.144
.148
.174
. 156
.151
.170
Price, wholesale, refined (N. Y.)___dol. per lb.__
!l68
.161
.'l91
.191
!208
p. 208
r
l
Revised.
v Preliminary.
Includes stocks owned by Commodity Credit Corporation.
2 December 1 estimate.
3 Minneapolis price; comparable data for May 1952, $0.155.
^Revisions for 1950 and for January-September 1951 for production, consumption, and stocks will be shown later,
d*Beginning with September 1950, data included for sperm oil, crude palm, castor, and coconut oil are on a commercial stocks basis.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
§Revisions for flaxseed (1946-49) and soybeans (1944-49) appear in corresponding note in the September 1952 SURVEY.
SUKYEY OF CUERENT BUSINESS
S-26
June 195E
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April
May
June
July
August
1953
September
October
November
December
January
116 840
25 283
126 580
23 412
February
March
April
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC. —Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous o f l b
Stocks (factory and warehouse)
do
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)*
dol. per Ib
Shortening:
Production
thous. oflb
Stocks end of month
_
- do, _
100 709
15, 839
101, 136
22, 419
104 040
26, 837
68 695
23, 807
86 564
15 584
123 403
23 362
125 694
18 615
105 480
21 694
114 037
25 364
113 ^21
23 911
i 284
93 279
23 105
.253
.249
.266
.271
.269
'.281
*. 284
i 284
i 284
i 284
i 284
p i 284
127, 375
93, 408
138, 692
83, 228
142, 749
81, 922
112,624
88, 436
125, 114
92, 559
140 171
74, 126
178, 057
86, 653
126, 622
93, 678
131 749
93 668
141 878
87 976
134 857 r 137 161
97' 290 r 92 646
] 4i 998
108 894
thous. of dol
do
do
124, 670
44, 287
80, 383
126, 768
44, 620
82, 148
122, 571
40, 757
81,814
111,093
36, 808
74, 285
113,282
40, 974
72, 308
117,831
44. 262
73. 569
120, 966
48,711
72, 255
95, 848
40, 552
55, 296
90 563
41 273
49 290
107 729
42 960
64 769
r 106 176 r 121 132
r 43' ygg r 49 645
r 62' 388 r 71 487
131 114
5l' 595
79 519
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
- thous. of Ib
Molding and extrusion materials
do
Nitrocellulose, sheets, rods, and tubes
do
Other cellulose plastics
do
1,880
4,985
527
683
1,770
4,122
485
657
1,713
3,805
453
400
2,013
4, 504
377
442
1,998
4,866
439
404
2,223
6,109
581
303
2,852
6,679
589
468
2,345
5,629
506
529
2,659
5 780
556
456
2 360
5 992
610
532
2 575
6 207
593
521
3 348
7 102
706
713
24, 131
24, 967
14, 233
35, 955
28, 418
7,396
17, 122
24, 009
23, 959
14,955
31.897
29, 326
8,030
17, 341
24, 827
26, 413 ;
15,312
29, 357
28, 507 1
7,882
17, 467
20, 981
26. 259
11,189
28, 756
24, 342
7, 337
14, 368
26, 850
22, 007
16, 669
29, 582
25, 692
7,572
17, 868
30. 996
27, 484
16, 942
32. 764
31, 224
9,488
18, 078
39, 144
37, 919
19, 868
39, 247
33, 936
8,639
21, 728
35, 539
38 515
18,315
39, 881
27, 644
h 914
21, 274
34, 474
37 043
20, 473
41 654
31,002
7 840
21, 925
35 305
32 938
17 883
44 506
32 978
8 705
21 '788
r IQ igg
41 028
3l' 228
8 246
r 21 304
32 975
34 374
40 843
40 005
\9 296
46 721
3fi' 439
9 420
22 946
PAINTS, VARNISH, AND LACQUER f
Factory shipments, total
Industrial sales
_
Trade sales
-_
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins §
Alkyd resins §
Rosin modifications
Miscellaneous resins §
_
-
do
do
_ do
do
do
do
do
ELECTRIC POWER AND GAS
i
ELECTRIC POWER t
Production (utility and industrial), total
mil. of kw.-hr__
Electric utilities, total
- - - do ..
By fuels
do
By water power
do_ _
Privately and publicly owned utilities
mil. of kw.-hr__
Other producers
do
Industrial establishments, total
_
_ do
By fuels
do
By water power
_ _ - _ _
do
Sales to ultimate customers, total (Edison Electric
Institute)
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
36, 736
31, 515
21, 553
9,962
37, 065
31, 824
22, 132
9,692
36, 052
31, 525
22, 366
9, 160
37, 007
32, 523
23, 785
8,738
39, 752
34, 361
25, 844
8,518
38, 759
33, 376
26, 019
7,357
40, 511
34, 821
27, 797
7,025
39, 351
33, 747
27, 225
6,522
42, 310
36, 452
28, 231
8,221
42, 656
36, 663
27, 402
9,261
39, 165
33, 597
24, 603
8,995
42, 993
36, 969
26, 771
10.197
41, 510
35, 627
25, 923
9,70r
26, 559
4,956
5,221
4, 753
469
26, 910
4,915
5, 240
4, 745
496
26, 451
5,075
4, 526
4, 141
385
27, 249
5,274
4,484
4,159
326
28, 860
5,501
5,391
5,026
365
28, 619
4,757
5, 383
3,067
316
30, 227
4,594
5,690
5,422
268
29, 338
4,409
5,604
5,361
243
31, 343
5,109
5,858
5,537
321
31,432
5,231
5,994
5,571
423
28, 431
5,166
5,567
5,149
418
31,249
5, 720
6,024
5. 572
452
30, 239
4,388
5,882
5,426
456
27, 766
27, 178
26, 856
26, 914
28, 781
29, 440
29, 279
29, 364
30, 676
31,616
30, 875
4,792
13, 764
458
7,157
598
268
698
30
4,767
13, 669
444
6,679
639
249
691
40
5,046
13, 069
404
6,544
800
236
713
44
5, 361
12, 638
396
6,567
994
242
671
45
5, 583
14, 097
401
6,657
1,061
262
675
45
5,501
14, 681
398
6,817
1,015
287
698
43
5,236
14, 823
426
6,950
766
321
714
44
5,185
14,611
433
7,446
605
341
709
34
5,414
14, 888
480
8,259
525
363
714
32
5, 594
14,810
475
9,081
540
363
720
33
5,411
14, 741
440
8,627
575
327
718
38
494, 080
486, 460
488, 551
493, 359
512, 716
521, 495
521, 103
527, 280
550, 592
569, 334
557, 643
GAScf
Manufactured and mixed gas (quarterly) :
Customers end of quarter total
thousands
Residential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers total
mil of therms Residential
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of doL .
Residential (incl house-heating)
do
Industrial and commercial
do
Natural gas (quarterly):
Customers end of quarter total
thousands
Residential (incl house-heating)
do
Sales to consumers total
mil. of therms
Residential (incl house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol
Residential (incl house-heating)
do
Industrial and commercial
do
r
--
i
i
'
|
'
!
-
- ___„
7,336
6,819
512
809
491
308
6,713
6,243
468
540
268
263
6, 685
6,212
469
799
492
297
120, 928
86, 277
33, 743
83, 954
57, 416
25, 932
113,191
80, 803
31, 550
18, 145
16, 694
1 433
11, 113
3.212
7,529
18, 899
17,441
1,438
9,576
1,329
7,630
19 545
17 970
1 555
13. 525
4,126
8,496
434,422
236,113
190.375
j
l
315,515
126,145
176,242 :.
._.„
.........
554, 740
305, 859
232, 401
Revised.
*> Preliminary.
* Based on 1. c. 1. shipments. Data prior to September 1952 are for carlots.
*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.
tRevised series: Data are estimated total factory shipments of finished paint, varnish, and lacquer. Figures supersede those shown in the SURVEY prior to the June 1952 issue,
which did not measure total shipments.
§ See note "1" in the February 1952 SURVEY and earlier issues regarding changes in classification and coverage beginning with data for January 1951.
J Unpublished revisions for January-July 1950 and 1951 for electric-power production will be shown later.
cfAll sales data formerly expressed in cu. ft. are now published in therms by the compiling source; 1932-49 figures expressed in therms and minor revisions for customers and revenue for
932-44 will be shown later. Revisions for the first 2 quarters of 1950 are shown in the corresponding note in the October 1951 SURVEY; those for the first 2 quarters of 1951 will be shown later.
SUKVEY OF CUERENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-27
1953
1952
April
May
June
August
July
September
October
November
December
January
F
aryU~
March
A
Pril
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 c?
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
7,439
6,744
10, 891
7,962
7,381
10, 941
14, 194
11, 642
8 577
6 444
13, 898
9,573
941, 057
1,314
14, 602
9,345
940, 432
1,362
13, 120
9,721
937, 156
1,326
13, 141
9,972
932, 414
1,229
8, 045
4,997
769, 763
1,208
6,793
4,546
769, 996
1,265
4,823
5,026
767, 558
1,234
2,515
4,322
763, 490
1,141
6,944
6,037
7,422
6,469
7,024
6 150
7,590
6 389
8,975
8 412
10, 962
10, 116
9 266
11, 190
7,132
7 182
10, 597
6,844
6 852
10, 132
5,787
5 908
9,598
6,686
6,774
9,096
6,621
5 707
9 606
6 453
9 837
20 691
12 285
10 558
10 321
13, 428
8,006
929, 033
1,088
1 5, 324
11, 509
921, 480
1, 575
19, 463
15,909
909, 081
2,048
18, 966
15, 013
898 143
2,360
22, 785
10,216
894, 492
2,204
13 398
8,872
892 357
1 183
2,677
3,980
760, 079
979
3,208
6,204
754, 200
1,443
3, 859
9,053
745, 181
1 826
3,683
8 312
737, 913
2 162
5,782
5,676
735, 172
1,977
6 836
5 320
734, 248
1 063
5,936
4 785
8,585
7 504
11,446
10 116
11, 536
10 455
7, 732
6 614
6,103
5 091
8,634
8 159
11, 126
201
69
129
71
1,458
1,510
1,515
1,503
100
78
62
112
1,518
1,467
1,644
10, 453
189, 087
1,640
9,368
181,416
853
547
9,120
170, 606
7,980
162, 733
1,741
8 440
153, 728
1,758
31
427
770
36
365
126
102
86
35
360
155
63
73
28
272
90
158
82
182
12 539
12 116
14, 785
11,311
887, 827
1,735
10, 785
886 619
6 939
5 307
733, 138
1 185
8,295
6 149
732, 448
1 639
8,053
5 917
731, 757
6,634
5 721
8,313
7 217
7,683
6 500
151
97
25 764
12 333
233 390
6 622
11 637
225 069
124, 199
55, 656
17, 406
2,786
396
295
722
66 382
13 822
219 565
6,870
49, 009
324
9 548
13, 597
9,124
890 328
1,302
1 183
20, 940
11 993
162 350
297
8,167
7 198
10 720
77
197
1,274
40
7,683
6 658
10, 324
1,139
1,384
29
6,191
5 630
9,789
64
513
86
96
589
589
73
68
101 88
1 178
33
23
1,185
2 442
10 303
215 550
1 265
9 963
205 265
1 212
12 161
191 805
-
40
478
1,075
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
thou s . of Ib
Stocks, cold storage, end of month _
do
Price, wholesale, 92-score (New York)_dol. perlb_.
Cheese:
Production (factory), totalj
thous. of lb__
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 :t
Condensed (sweetened):
Bulk goods
thous. of lb__
Case goodsO-__
_
do
Evaporated (unsweetened), case goods. -do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of lb__
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)—
_
___do
Evaporated (unsweetened)
do
Prices, wholesale, U. S. average:
Condensed (sweetened)
dol. per caseEvaporated (unsweetened)
___do
Fluid milk:
Production
mil of Ib
Utilization in mfd. dairy products
__.do
Price, dealers', standard grade
dol. per 100 Ib
Dry milk:
Production: t
Dry whole milk
thous. of lb__
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk. _
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 lb._
104, 120
10, 522
.714
134, 980
30, 821
.693
130, 210
68, 616
.690
121, 465
99, 751
.714
108, 320
111, 400
.737
94, 885
111,319
.732
89 575
102 177
.716
76 420
83 951
.699
95 855
72 723
.678
106 095
85 737
.670
102 770
99' 557
.668
122 895
f 132 790
.668
134 330
152 885
.659
103, 235
75, 075
158, 949
139, 705
3,263
139, 160
107, 525
185, 927
164, 654
1,904
139,870
109, 780
217, 604
192, 920
2,942
121, 925
94, 815
239, 632
211, 477
3,873
112, 370
85, 340
253, 563
222 933
3,502
99, 235
73 905
262, 467
231 503
6 486
89, 090
63 270
256, 885
225 317
5 939
78, 110
53 290
242, 509
210 029
5 699
84,840
55 330
238, 803
205 178
4 454
87, 355
58 765
227, 499
194 286
6 982
105, 935
85, 410
78 855
60 010
218, 371 ' 232, 255
186 776 r 201 425
3 559
4 912
119, 915
93 225
263, 538
232 593
.423
.429
.435
.436
.444
.465
.463
.457
.431
.427
.422
.411
.407
21,250
4,500
261, 850
36, 920
4,200
369, 500
27, 400
4,750
349, 000
20, 660
3,500
273, 250
21, 200
3,650
277, 300
14, 600
3 250
243, 500
10,250
3 725
208, 000
9,050
3 275
167, 100
10, 100
4 575
171, 750
5 050
170, 600
4 550
160, 000
4 300
201, 750
4 480
243, 500
7,726
112, 232
8, 339
264, 340
9,540
392, 212
7,975
417, 109
7,482
480, 266
8,354
508, 805
7,190
493, 073
7,519
447, 175
8,320
382, 563
8,662
313, 741
10, 154
262, 904
9,489
238, 043
7,849
262, 319
2,301
8,296
2,656
8.031
1,528
10, 351
2,321
10, 570
1,665
9,029
1,484
5, 764
1 361
12, 342
1 071
7 740
365
6 539
2 334
8 956
1 527
7 785
2 423
11 106
10.80
6.39
10.80
6.32
10.80
6.30
10.80
6.33
10.80
6.38
10.80
6.39
10.80
6.40
10.80
6.39
10.80
6.33
6.27
6.21
6.12
5.96
10, 134
3,823
5.33
12, 056
5,061
5.26
11 879
4,972
5.22
11 017
4,439
5.33
10 238
4,062
5.43
9 126
3,553
5.54
8 664
3,247
5.65
7 891
2,769
5.70
8 OQQ
3,250
5.63
3,458
5.50
8 COO
' 3, 346
5.40
in inn
4,069
5.27
4,522
5.05
8,945
82, 050
11,035
120, 850
13, 570
115, 875
9,950
85, 300
9,900
70, 650
6,175
50, 590
5,475
45, 100
4,840
43, 000
5,840
65, 950
7,400
78, 000
7,150
80, 300
8,250
108, 700
8,100
124,900
14, 518
54, 813
16, 761
108, 576
19 287
150, 593
21 385
162, 150
23 963
167,428
22 273
153, 762
20 212
135, 177
1 7 OOQ
I C -I 01
124, 553
127,715
132, 265
128, 820
132, 555
130, 487
2,499
4,415
2,842
9,839
5,118
2,303
3,453
3, 567
2 921
5,824
2 599
2,515
3 186
3,365
3 695
4,196
3 694
8,851
3 495
2,706
2 850
1,690
5 371
2,260
.163
.163
.163
.165
.165
.167
.166
.166
.164
.163
.160
.158
.153
1,451
2,894
12, 247
929
283
282
10, 869
416
1,037
13, 945
306
1 432
6,221
5,136
5 578
26, 892
5,366
24, 941
6,420
i 92 69g
2 748
20, 061
13, 256
15,265
' 10, 915
---"""
nnn
10, 775
r 6. 386
' 10, 891 r 11, 256
3,263
11, 304
475, 636
537, 679
580, 264
593, 518
578, 699
556, 897
532, 993
493, 402
455, 479
481, 129
496, 233
' 449, 348
436, 593
313, 708
301, 739
336, 911
385, 494
463, Oil
530, 091
576, 522
569, 974
534, 933
494, 893
450, 265
r 419, 899
381, 587
13, 548
13, 049
24 091
13 126
12 341
16 508
21 536
1 7 oco
5.820
5.570
4.844
6.708
7.025
6.188
4.792
5.481
5.317
•• 3. 969
1 9 9.A.A.
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, XT. S. No. 1 (New York)
dol. per 100 lb__
153
9,744
238
5,994
f) con
1
r
347 504
9 f>9^
i o onn,
90 -jn-i
4.971
5.369
19, 285
t 4. 014
Revised.
^Preliminary.
i December 1 estimate.
cfFigures beginning July 1952 exclude production of wines and vermouth; for July 1951-June 1952, such production totaled 91.000 gallons
JRevisions for production of dairy products prior to November 1950 are available upon request as follows: Beginning 1949 for butter, cheese, and nonfat dry milk solids; beginning 1950 for
(January 1940-February 1951) will be shown later. Revised estimates for production of potatoes for 1944-49 are
©Figures beginning 1950 represent whole milk only; earlier data cover both whole and skimmed milk.
SUKVEY OF CUKRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1953
1952
April
May
June
July
August
September
October
November
December
January
56, 484
52 510
February
March
April
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu
Barley:
Production (crop estimate)!
do
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms!
do
Exports, including malt
do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per bu_.
No. 3, straight
- do
Corn:
Production (crop estimate)!
mil. of bu__
Grindings wet process
thous of bu
Receipts principal markets
do
Stocks, domestic, end of month:
Commercial
do
On farms!
mil. 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) !
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
mil. of bu
thous. of bu._
__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 Ib
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis) . end
of month
thous. of lb._
Southern States (Ark., La., Tenn., Tex.):
Receipts rough at mills
thous of Ib
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of month
thous of Ib
Exports
do
Price, wholesale, head, clean (N. 6.). -dol. per lb..
Rye:
Production (crop estimate)!
thous ofbu
Receipts principal marketsf
do
Stocks, commercial, domestic, end of month-do
Price, wholesale, No. 2 (Minn.). ___dol. per bu__
50, 863
38, 061
52, 903
29, 169
35, 649
38, 870
45, 025
40, 261
1
6,172
10, 110
23,234
11, 264
8,613
8,294
14, 861
17,899
16, 967
3,560
5, 575
20, 085
132, 890
6,207
18, 989
1,187
14, 798
38, 046
880
4,367
1.423
1.308
1.443
1.234
1.530
1.316
1.612
1.430
1.709
1.648
1.626
1.480
10, 745
18, 316
10, 487
17, 358
9,964
20, 041
9,557
14, 293
10, 194
18, 206
50, 173
40, 813
20,772
17, 167
7,532
6,859
32, 526
599.7
4, 375
3,689
1.868
1.818
1.731
(3)
1.842
1.756
1.900
1.830
1.763
6,602
11, 715
9,130
7,194
7,909
16, 385
14, 646
2,305
2
227, 008
7,659
39 287
48 066
6,877
7,005
9,402
8,161
11, 902
10 717
1,374
2,161
8,386
57 396
2,556
7,555
3,829
13,415
99,177
4,237
1.631
1.545
1.598
1.505
1.612
1.457
1.581
1.456
1.495
1.395
1.521
1.459
1.538
1.446
11,006
21, 567
12 095
48, 645
10, 769
56, 549
i 3, 307
9,965
33, 489
10, 700
22, 037
10 336
18 195
11, 373
21, 403
11, 406
19, 601
18, 186
2171.4
5,275
31, 204
60,880
46, 101
16, 005
16 087
7,568
37, 288
1, 466 4
8,986
29, 840
7 237
62, 039
2, 173. 2
22,183
51, 032
2,854
(3)
1.808
1.735
(3)
1.808
1.764
(3)
1.760
1.716
1,962
1.586
1.571
2,130
1.575
1.569
2,109
1.630
1.597
2.081
1.605
1.573
(3)
1.551
1.525
2.095
1.562
1.540
(3)
1.573
1.557
21, 604
22, 030
10, 705
5,573
4,735
i 1 , 268
13, 979
6,708
6,884
6,796
9,057
11, 966
30, 814
588
.908
16, 038
2 245, 772
378
.833
24, 101
215
.887
328
.829
319
.865
50, 534
65,063
65, 414
35, 882
61, 946
33, 526
40, 996
36, 124
25, 175
32, 838
«• 48, 204
30, 032
4,714
21, 592
19, 819
238
.881
261
.800
12, 734
456, 956
935
.797
11,740
110, 166
93, 444
88, 012
69, 705
89, 398
78, 442
90, 896
49, 060
72, 663
76, 436
107, 170
90, 015
80, 077
62, 143
74, 247
48, 063
34, 204
1 006 932
223
.920
30, 140
26, 546
311
.907
278
.904
23,302
41, 993
12, 593
3,298
177, 837
61, 546
154, 481
66, 808
7,276
12, 153
65, 882
25, 041
791,661
279
.919
.782
1 108, 133
91, 122
187, 253
11.757
134, 497
205, 267 ' 258, 115 r 194, 650 ' 101, 039
442, 860
129, 517
.105
285, 248
259, 380
.105
153, 772
121,058
.105
61,979
141, 312
.105
51, 859
.105
101, 657
.104
199, 214
.105
149, 231
.106
203, 331
.108
199, 698
.108
80, 638
.108
114, 183
.121
P. 124
480
2,825
1.945
1.163
2,024
1.928
547
1,278
2.038
2,449
1,568
1.972
1,770
3,210
1.951
815
3, 285
1.861
328
2,917
1.914
302
2,698
1.978
115,910
2,470
2,892
1.920
321
2,685
1.831
239
2,254
1.751
240
2,320
1.753
1,201
3,373
1.614
19, 833
264, 327
25, 917
Wheat:
U,291.4
i 238. 6
Spring wheat
~ do
11,052.8
"Winter wheat
do
15, 809
22,
191
149,
329
23, 372
59,
153
87,
348
23, 399
23,
598
21,
383
43,
666
23, 804
Receipts, principal markets - - __thous. ofbu.
' 249, 807
211, 559
269, 976
Disappearance, domestic!
do _Stocks, end of month:
265, 465
251,212
189, 545
261, 241
190, 469
202, 564
237, 465
224, 407
195, 182
208, 850
242, 463
Canada (Canadian wheat)
do
1, 103, 275
1, 344, 121
2 255, 594
United States, domestic, totalcf!
do
~~I6l~85r ~~~88,~937~ 2 93, 924 "279," 426" " ~308,"618~ 313, 561 "293," 700 "276,"075" * 259, 257 "240," 968 ""231," 647
Commercial
do
Interior mills, elevators, and warehouses
2 57, 879
* 311, 752
365, 177
thous of bu
22 39, 568
128, 199
150, 243
Merchant mills
do
399, 412
510, 819
63, 079
On farms!
do
29,298
26,831
39, 759
29, 786
20, 149
27, 154
21, 417
32, 205
34, 811
33 051
41, 731
Exports total including
flour
do
25,886
24,547
22, 744
23, 385
36, 154
30, 873
16, 146
17, 232
27, 973
38, 563
29, 193
Wheat only
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. perbu__
No. 2, hard winter (Kansas City)
do_ No 2, red winter (St. Louis)
do _
Weighted avg., 6 markets, all grades
do___
2.503
2.492
2.440
2.414
2.485
2.446
(4)
2.405
2.505
2.306
2.104
2.350
2.547
2.251
2.154
2.314
2.447
2.323
2.211
2.413
2.470
2.409
2.288
2.474
2.504
2.416
2.329
2.519
2.541
2.458
2.306
2.567
2.533
2.445
2.329
2.568
2.490
2.402
2.380
2.530
2.492
2.358
2.355
2.505
272, 551
268, 135
840, 498
217, 258 "2ll,"909~
245, 848
101, 691
268, 440
35, 586
32,491
2.521
2.395
(3)
2.551
2.529
2.387
2.270
2.529
Wheat flour:
Production:
17, 041
19, 783
18, 565
19,099
19, 177
18,065
17, 351
18, 990
19, 714
17, 599
18, 671
18, 101
21, 081
Flour
thous. of sacks (100 lb.)_
87.3
79.0
78.0
79.3
78.2
77.5
73.5
88.9
84.7
73.6
75.3
82 7
82.3
Operations percent of capacity
336, 676 ' 363, 955 342, 000
362, 804
397, 704
380,119
377, 270
367, 535
352. 881
396, 826
387, 693 386, 219
424, 466
Offal
short tons.
39,
435
42,
903
45,
968
44,
107
44,
530
44,
698
42,
217
40,
103
43,
458
42,
234
41,096
45,
901
49, 088
Grindings of wheat
thous. ofbu.
Stocks held by mills, end of month
4,544
4,152
4,834
4,360
thous of sacks (100 Ib )
1,59<
1,328
2,248
1,893
1,479
1,690
1,718
1,816
1,796
1,360
1,656
1,547
Exports
do _
Prices, wholesale:
Spring, short patents (Minneapolis)*
5.855
5.765
' 6. 079 p 5. 976
5.825
5.635
5.630
5.590
5.505
5.830
5.390
5.585
5.675
dol. per sack (100 lb.)_
5.425
5.525
' 5. 675 » 5. 675
5.525
5.625
5.375
5.225
5.225
5.325
5. 500
5.500
5.600
Whiter, hard, short patents (KansasCity)*_.do_
T
l
Revised.
*> Preliminary.
December 1 estimate.
2
3
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
No quotation.
IThe indicated grain series have been revised as follows: Production—barley, corn, oats, 1944-49; rye, wheat, 1945-49; rice, 1949; stocks on farms—barley, corn, oats, 1944-49; wheat, 1945-49;
domestic disappearance of wheat and total United States stocks of domestic wheat, 1945-49. All revisions will be shown later.
fRevised series. Data are furnished by the Chicago Board of Trade and represent receipts at 12 interior primary markets; for names of markets and data for January 1948-July 1950, see
note marked "t" on p. S-28 of the October 1951 SURVEY.
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.
*New series. Data prior to February 1951 will be shown later.
SURVEY OF CURRENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-29
1953
1952
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
.
-thous. of animals. _
Cattle
do
Receipts, principal markets _
..do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 lb
Steers, stocker and feeder (Kansas City). .do
Calves vealers (Chicago)
do
Hogs:
Slaughter (Federally inspected)
thous. of animals. .
Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. perlOOlbHog-corn ratio
bu. of corn equal in value to 100 lb. 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 lOOlb..
Lambs, feeder, good and choice (Omaha). -do
405
938
1,600
128
388
1,009
1,585
155
392
966
1,590
152
1,100
1,898
185
426
496
602
1,135
2,078
338
1,215
2,641
563
1,390
3,141
1,088
510
1,151
2,379
667
523
1,252
2,023
250
1 313
1,877
184
1 170
1 609
80
1 299
1,952
119
1 371
2 019
146
33.39
31.32
37.00
33.29
32.06
36.75
32.22
27.21
34.50
32.53
25.24
32.00
32. 52
25.17
32.00
32.19
23.57
31.50
32 09
22.76
33.00
31 37
22.31
33 00
28 77
20.50
29 00
26 04
21.73
30 50
23 41
20.91
33 50
21 98
21.19
29 00
21 50
19.91
25 51
5,281
3,173
4,482
2,800
4,259
2,773
3,641
2,268
3,592
2,203
4,290
2,540
5,492
3,099
5,772
3,326
7,251
4,233
6,267
3,571
4,550
2,562
4,962
2,785
4,325
2,358
16.58
19.61
19.25
19.96
19.98
19.11
18.55
16.76
16.52
17.98
19.39
20.50
21.88
9.8
11.8
11.2
11.6
12.1
11.2
12.2
11.5
10.7
12.0
13.5
13.8
14.2
941
1,079
131
939
1,081
141
926
1,048
133
908
1,067
176
1,020
1,455
479
1,243
2,119
722
1, 427
2,228
788
1,069
1,289
319
1,218
1,267
203
1,289
1,295
147
1,088
1,038
83
1,190
1,173
113
1,100
1,115
93
28.88
0)
28.12
0)
28.38
0)
28.38
24.25
28.62
24.63
25.50
23.10
23.88
21.25
22.62
20.50
21.62
19.18
21.50
20.52
22.38
20.01
23.12
20.83
24.00
0)
1,557
1,320
65
1,476
1,201
62
1,444
1,161
44
1,418
983
49
1,395
825
50
1,527
696
37
1,819
636
55
1,742
779
59
2,127
1,046
59
1,999
2 1, 038
65
1,572
2 1, 044
63
1,712
2990
55
1,649
2928
566, 992
252, 350
892
610, 297
224, 432
1,636
582, 712
201, 504
1,531
659, 036
171, 444
1,666
669, 445
167,437
1,240
713, 624
184, 158
1,150
801, 489
214, 594
1,365
662, 271
252, 306
1,153
735, 078
286, 299
1,319
775, 091
287, 258
779, 450
701, 489
274, 457 »• 256, 439
1,368
1,272
826, 082
236, 280
430
453
535
422
541
MEATS
Total meats (including lard):
Production (inspected slaughter)
_mil. of lb._
Stocks, cold storage, end of month
.do
Exports
do .
Beef and veal:
Production (inspected slaughter)
thous. of lb..
Stocks cold storage end of month
do
Exports
-- do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York).
dol. per lb._
Lamb and mutton:
Production (inspected slaughter)
thous. of lb_.
Stocks cold storage end of month
do
Pork, including lard, production
(inspected
slaughter)
thous. of lb
Potk, excluding lard:
Production (inspected slaughter)
do
Stocks cold storage end of month
do
Exports
- do
Prices, wholesale:
Hams, smoked, composite
dol. perlb..
Fresh loins, 8-12 lb. average (New York) --do
Production (inspected slaughter)
thous. of lb_.
Stocks, dry and cold storage, end of monthf-do
Exports
do_ __
Price, wholesale, refined (Chicago) _-_dol. per lb_-
877
.564
.559
.540
.534
.559
.562
.556
.545
.514
.477
.432
.392
.382
45, 703
13, 067
45, 306
16, 141
41, 392
14,902
38, 601
11,814
43, 880
11,318
52, 839
12, 553
61, 726
16,002
47, 505
17, 580
56,616
21, 912
61, 371
20, 816
53, 166
23, 670
58, 129
19, 945
52,458
17, 165
944, 623
820, 518
819, 934
720, 191
681, 587
760, 409
955, 425 1, 031, 841 1, 335, 205 1, 162, 504
816, 995
874, 686
770, 875
682, 678
823, 741
7,997
594, 319
727, 665
8,655
601,250
685, 033
9,285
525, 855
542, 707
10. 833
506, 990
407, 558
5,892
571, 228
290, 931
5,673
715,279
234, 894
5,768
765, 850
319, 643
7,386
984, 200
489, 152
8,742
841, 949
595, 546
8,605
601, 403
604, 813
9,983
650, 145
569, 204
7,745
570, 190
538, 257
.531
.430
.531
.550
.569
.535
.585
.552
.616
.612
.571
.569
.569
.515
.552
.449
.559
.402
.581
.424
.595
.464
.602
.479
P . 592
.523
191,803
177, 554
51, 552
.145
165, 818
184, 595
46, 395
.145
160. 274
214, 678
29, 038
.145
141, 823
208, 025
32, 421
.140
127, 696
167, 718
37, 288
.138
138, 047
143, 223
26, 611
.143
175, 664
111,912
43,043
.143
194, 381
136, 610
46, P38
.133
256, 269
210, 994
44, 347
.113
234, 448
241, 760
50, 867
.120
157, 799
241, 890
45, 881
.125
164, 072
239, 009
39, 862
.135
146, 255
225, 936
41, 462
194, 965
.258
58, 058
185, 688
.225
52, 212
174, 040
.218
47, 806
157, 045
.215
52, 536
144, 508
.235
64, 955
182, 786
.245
81, 748
279, 191
.225
74, 618
294, 424
.250
70, 745
278, 595
.263
38, 884
261,072
.310
34, 125
260, 606
.318
39. 046
' 174, 243
.333
40, 934
140, 432
*>.345
»• 6, 146
2,220
r 5, 938
2,037
r 4, 991
' 4, 431
1,571
'4 125
1,140
5 441
5 328
1 168
r
T
* . 135
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of lb__
Stocks, cold storage, end of month.__do
Price, wholesale, live fowls (Chicago) §_dol. per lb. .
Eggs:
Production farm
millions
Dried egg production
thous of lb
Stocks, cold storage, end of month:
Shell
thous. of cases. _
Frozen
..
_. thous. of lb-Price, wholesale, extras, large (Chicago)
dol. per doz.-
1,427
r
4, 081
1,069
r
4, 371
758
r
4, 480
957
r
5 037
685
442
2,184
111,185
3,184
145, 863
3,357
166, 419
2,728
163, 359
2,169
144, 326
1,709
123, 661
1,000
95, 333
393
153
72, 462
50, 176
34, 980
42, 419
.396
.359
.404
.525
.553
.553
.631
.560
.489
.454
74, 423
60 318
54, 335
47, 200
60, 948
99, 443
113, 374
101, 012
101, 394
24, 020
.381
28, 764
.384
28, 786
.378
12, 977
.381
9,043
.354
8,705
.333
4,210
.340
13, 272
.318
37, 144
.308
1,015
626
850
1,707
953
566
753
1,126
1,024
624
1,177
719
1,455
924
1,601
1,045
1,456
846
1,450
893
1,228
1,408
1 454
1 869
1 615
.535
.533
.530
.545
.548
.545
.540
248
6 298
2 120
r
6 094
2,131
827
375
65, 201
97, 321
.443
.495
.497
87, 060
83, 063
81, 213
77, 096
32, 530
.318
24, 678
300
21, 775
.328
».340
1,453
817
1,269
788
1,160
757
1,374
776
999
526
1 394
2 205
1 839
1 815
2 247
.535
.538
.540
.553
.618
120
r
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' sales*-, 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 lb_.
Stocks. cold storage, end of month
do
691
579
605
889
611
529
691
712
776
700
634
".573
51, 478
58, 606
76, 851
64, 754
72,504
49, 126
26, 363
31, 514
23, 689
31, 529
54, 114
20, 492
113, 544
123, 762
152, 396
176, 254
183. 826
142. 040 ' 119. 099 109. 189
170. 263
192. 818
210. 658
190. 493
200. 944
r
r
]
Revised.
Preliminary.
No quotation.
2 Excludes lard: comparable figure for December 1952 is 922 mil. lb.
fRevised series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard; data prior to February
1952 will be shown later.
§Series revised to represent quotations for heavy type.
*New series. Compiled by the 17. S. Department of Commerce, Bureau of the Census, representing estimated total sales by manufacturers of confectionery and competitive chocolate prodttvfrfs. The figures exclude sales of chocolate coatings and cocoa produced by chocolate manufacturers and sales by manufacturer-retailers with a single business location. Revised data for
January 1949-June 1951 are shown in corresponding note in the September 1952 SURVEY.
JFor revised data for July 1949-October 1950, see note marked "J" on p. S-29 of the January 1952 SURVEY.
SUEVEY OF CUKRENT BUSINESS
S-30
June 1953
1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 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 receiptsProduction
short tons
Entries from off-shore
_
do - Hawaii and Puerto Rico
do
'4,018
4,423
4,388
3,970
3,645
3,320
2,895
2,620
2,170
1,970
2,679
3,801
4,906
29, 006
596, 991
180, 047
18, 150
673, 682
200, 747
46, 465
503, 896
142, 458
34, 190
617, 564
167, 422
9,971
573, 936
177, 671
91, 126
725, 621
237, 299
602, 545
387, 590
273, 166
732, 540
226, 961
108, 362
388, 838
194, 722
123, 853
69, 484
469, 755
149, 498
34, 014
398, 576
143, 730
37, 407
627, 988
192, 443
59, 948
854, 355
248, 129
r 614, 127
Deliveries, total
- do
r 610,
466
For domestic consumption
do
r
3, 661
For export
do
Stocks, raw and refined, end of month
r
1. 284
thous. of short tons._
25, 423
Exports, refined sugar
short tons
Imports:
344, 860
Raw sugar, total
do
281, 355
From Cuba
do
62, 886
From Philippine Islandsdo
596, 990
595, 062
1,928
896, 355
894, 103
2,252
758, 308
755,061
3,247
734, 684
731, 376
3,308
744, 355
742, 146
2,209
680, 035
677, 919
2,116
519,868
518, 373
1,495
596, 070
593, 793
2,277
576, 630
574, 789
1,841
546, 884
545, 674
1,210
878, 155
876, 548
1,607
588, 583
587, 001
1, 582
1,400
31, 620
1,114
28, 369
917
6,116
831
2,525
697
649
1,045
12, 376
1,r 518
625
1,602
527
1,587
377
1,513
10, 356
1,306
441
436, 800
310, 072
126, 728
359, 836
199, 168
160, 667
356, 970
208, 611
148, 359
346, 907
245, 485
83, 858
305, 205
240, 343
63, 861
124, 473
96, 836
17, 875
120, 331
102, 213
9,599
156, 891
129 183
23, 964
269, 495
205 264
58, 542
260, 306
178, 519
81, 667
357, 182
299, 479
55, 438
52, 053
51, 403
31, 464
30, 664
36, 198
35, 524
38, 106
33, 287
43, 038
41, 012
46, 738
43, 590
40, 675
35, 160
2,618
0
7,198
350
37, 924
32, 493
28, 173
25, 614
46, 834
39, 549
dol per Ib
.062
.062
.066
.066
.064
.065
.066
.064
.060
.060
062
.064
p. 064
dol per 5 Ib
dol per Ib _
thous. of Ib
.489
.085
8,798
.492
.085
7,132
.492
.085
7,044
.494
.086
8,482
.494
.086
8,094
.495
.086
9,506
.495
.086
7,430
.495
.086
5,530
.494
.085
6,931
.493
.085
10, 466
.490
.083
7,949
.489
.086
10,590
.494
P. 086
Refined sugar, total
From Cuba
Prices (New York) :
Raw wholesale
Refined:
Retail
Wholesale
Tea, imports
do
do
TOBACCO
Leaf:
Production (crop estimate) J
mil oflb
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 including scrap and stems
do
Manufactured products:
Production, manufactured tobacco, total do
Chewing, plug, and twist
_ _ do
Smoking
do
Snuff
.__
do .
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
- - millions
Tax-paid
.
___
_ _ -do. Cigars (large), tax -paid
thousands
Manufactured tobacco and snuff, tax-paid
thous. of lb_
Exports, cigarettes
millions
Price, whosesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination*
dol. per thous.
1,392
1 2 207
3,828
3,951
387
362
3,244
3,410
r 4 491
r
4,493
341
391
3 963
3,197
18, 126
7,685
27,078
8,978
19
179
27,497
7,987
26, 087
8,966
34,730
9,619
18
161
50, 451
9,173
41, 777
9,584
43, 055
8,226
19
168
36, 739
7,736
18, 048
6,898
7,852
3,298
18, 892
7,328
8,456
3,109
18, 444
7,324
7,995
3,126
16, 319
6,827
7,230
2,263
18, 554
7,011
8,373
3,170
20, 051
7,366
9,406
3,279
21, 342
7,936
9,781
3,625
16, 123
6,378
6 843
2,903
16 369
6,469
6,662
3,237
2,889
31, 774
491, 964
3,348
32, 920
496, 512
2,365
34, 511
496, 450
2,833
33, 837
504, 045
4,366
35, 972
485, 006
4,325
34, 950
526, 696
4,294
37, 372
624, 867
3,408
30, 386
497, 950
18,076
941
18, 331
1,492
18, 443
1,043
15, 744
1,329
18, 787
1,810
19, 287
1,266
21, 392
1,304
3.555
3.555
3.555
3.555
3.555
3.555
30, 746
8,918
22,900
8,290
19
167
41, 020
9,085
16, 683
6,394
6 893
3,396
16 385
6,638
6,639
3,108
17 947
7,137
7 458
3,352
2,859
30, 066
438 744
r 2, 649
32, 498
480 818
2,394
32, 212
452 150
15,357
1 244
14, 984
1,626
17, 841
1 306
3.555
3.555
3.555
r
3 856
34, 105
501 930
31, 725
520 082
15, 849
1 348
17, 413
1,813
18, 898
3.555
3.555
' 3. 938
3.938
r
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins J
thous. of lb._
Calf and kip skins
thous. of pieces
Cattle hides J
do
Goat and kid skins J
- do
Sheep and lamb skins
,
do
Prices, wholesale (Chicago) :
Calfskins, packer, heavy, 9^/15 Ibs.* dol. per lb._
Hides, steer, heavy, native, over 53 lbs.*-__do
16, 447
169
128
1,812
3,228
12, 771
127
87
2,015
1,565
19, 148
164
133
2,320
4,007
19, 460
211
232
3,416
1,903
16, 003
209
75
2,648
2, 520
11, 963
194
90
2,804
1,100
13, 759
97
45
2,796
2,059
9,134
142
21
2 381
720
14, 149
182
50
3,771
1 195
12, 429
137
20
3 673
1 392
11, 264
72
38
2 458
1 431
13, 093
217
41
2 870
1 759
.275
.103
.388
.143
.388
.148
.425
.155
.450
.175
.475
.160
.488
.160
.513
.170
.488
.165
.488
.120
v . 550
*.137
' .563
'.128
p . 513
p . 138
LEATHER
Production :J
'684
'702
••791
••768
' 1, 045
994
967
Calf and kip ._ ._
thous. of skins. _
'913
'846
936
930
857
r
r 1, 783
' 1, 881 T 1, 831
' 1, 605
1,910
2,224
1, 881
Cattle hide
thous. of hides
' 1, 963 ' 2 102
2 123
r 2 006
2 013
r
' 2, 322 ' 2, 413 ' 2, 588 ' 2, 287 ' 2, 330
' 2, 937 ' 2, 572 r 2, 985
Goat and kid,
thous. of skins. . ' 2, 436
2,802
2 709
3 163
r
' 2, 312 ••1,912
r 2, 103
2, 292
' 2, 551 r 2, 942
r 2 442
r 2 244
'2,711
Sheep and lamb
- - . do
2 319
2 215
2 368
Exports:
Sole leather:
25
16
10
56
39
Bends, backs, and sides ._
thous. of lb__
75
25
65
24
82
42
57
49
35
73
20
45
51
Offal, including belting offal
do
92
43
13
96
33
76
2,587
2,134
2,270
2,440
Upper leather
thous. of sq. ft-3,125
2,798
2,288
2,512
2,818
2,743
3,000
2,996
Prices, wholesale:
.670
.705
.705
.670
.695
Sole, bends, light, f. o. b. tannery* dol. per lb__
.710
.690
.685
.705
.705
.680
'.690
p . 681
Upper, chrome calf, B and C grades, f. o. b. tan.835
.805
.848
.873
.928
.890
nery*
dol. persq. ft-_
.938
.955
.987
.968
f 1. 000
1.013
» 1. 006
l
' Revised.
» Preliminary.
December 1 estimate.
{Revisions for tobacco (1944-49) are shown in note marked "§" in the September 1952 SURVEY; those for the indicated series for hides and skins (1950) in note marked "J" in the Octotfer
1951 issue. Revisions for leather production for January-March 1952 will be shown later.
*New series. Compiled by U. 8. Department of Labor, Pureau of Labor Statistics; data prior to August 1951 for sole leather and prior to February 1951 for other indicated series will be
SURVEY OF CURRENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-31
1953
1952
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
Fart leather and nonleather
do
By kinds:
Men's
do
Youths' and boys'
do. _
Women's
do
Misses' and children's
do_._
Infants' and babies'
do
Slippers for housewear
do. _
Athletic
do
Other footwear
do___
Exports §
..
do _
Prices, wholesale, f. o. b. factory:*
Men's and boys' oxfords, dress, cattle hide
upper, Goodyear welt
1947-49=100..
Women's oxfords (nurses'), side upper, Goodyear welt
1947-49=100..
Women's and misses' pumps, suede split-do
43, 082
41, 436
39, 747
38, 520
46, 552
44, 100
46, 341
38, 932
42, 033
45,268
44, 872
48, 723
44, 968
38, 879
37, 248
35, 408
33, 946
40, 703
37, 842
39 185
32 659
37 303
41 778
40, 967
44, 079
40 193
32, 658
6,221
31, 536
5,712
30, 735
4,673
29, 938
4,008
36, 385
4,318
33, 906
3 936
35, 057
4 128
29 080
3 579
32 750
4 553
36, 278
5 500
35 336
5 631
37 520
6 559
8,613
1,369
20, 363
5,292
3,242
3, 647
216
340
386
8,462
1,492
18, 973
5,168
3,153
3, 626
209
353
352
8,279
1,586
17, 926
4,728
2,889
3,816
181
342
280
7,256
1,485
18, 385
4,393
2,427
4,070
169
335
246
8,986
1,949
21, 910
5,135
2,723
5,249
234
366
331
8 775
1,826
19 419
5,040
2 782
5 638
264
356
386
9 339
1,709
19 446
5 553
3 138
6 442
286
428
433
7 866
1 442
15 580
4 882
2 889
5 668
237
368
346
9 010
1 539
18 028
5 585
3 141
4 161
229
340
305
8 953
1, 558
21 718
6 257
3 292
2 946
226
318
293
8 745
1 515
21 005
6,298
3 404
3,369
238
298
388
9 125
1,622
22 945
6,527
3 860
4,059
265
320
468
8 979
1,474
20 765
5 436
3 539
4,271
279
225
112.4
108.5
108.5
108.5
108.5
108.5
108.5
109.0
110.3
110.3
110.3
110.3
110.3
118.3
111.0
117.5
111.0
117. 5
112.9
113.3
112.9
113.3
112.9
113.3
112.9
113.3
112.9
114.5
112.9
117.1
113. 4
117. 1
113.4
117.1
113.4
117.1
113.4
117.1
110.7
44 363
241 379
61 470
243 479
54 326
189 269
62, 158
195 457
47 247
238 076
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products .
M bd. ft
Imports total sawmill products
do
National Lumber Manufacturers Association:©
Production total
mil. bd. ft
Hardwoods
_ do _ _
Softwoods
do
Shipments total
do
Hardwoods
do
Softwoods
do _.
Stocks, gross (mill and concentration yards), end
of month, total
mil. bd. ft
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
doPrices, wholesale:
Dimension, No. 1 common, 2" x 4", R. L.
dol. per M b d . f t . _
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per Mbd. f t _ _
Southern pine:©
Orders, new
mil. bd. ft
Orders, unfilled, end of month
_ do.
Production
do
Shipments
.do
Stocks, gross (mill and concentration yards), end
of month
mil. bd ft
Exports, total sawmill products
M bd. ft..
Sawed timber
_
_ do
Boards, planks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6" x R. L.*
dol. perMbd. ft_.
Flooring, B and better, F. G., 1" x 4" x S/L*
dol. per M bd. ft-.
Western pine:©
Orders new
mil. bd ft
Orders, unfilled, end of month
do
Production .
.__ _ . _ _ .
.. do_ _
Shipments
__ do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
_
dol. per M bd. ft.
75, 651
190, 425
68, 809
209, 112
61,137
221,006
48, 717
183, 140
67, 746
200 342
48 534
227 340
40 949
255 581
' 3, 200
612
' 2, 588
'3 266
612
' 2, 654
T
3, 070
604
' 2, 466
'3 048
604
' 2, 444
r
3, 213
614
' 2, 599
'3 055
558
«• 2, 497
' 3, 247
630
' 2, 617
'3 093
569
' 2, 524
'3 454
705
' 2, 749
'3 377
656
' 2, 721
'3 526
701
'2 825
' 3 520
685
' 2, 835
'3 568
692
' 2 876
r 3 594
"720
'2 874
r 3 069
691
r 2 378
' 3 07?
708
'2 364
r
7, 937
3,075
4, 862
' 7, 960
3, 075
' 4, 885
-8, 118
3, 131
'4,987
' 8, 272
3, 192
' 5, 080
'8 348
3,241
' 5, 107
'8 353
3 256
' 5, 097
r 8 328
3 228
'5 100
r 8 324
3 211
'5 113
'893
'890
'910
'948
'893
43, 300
19, 090
24, 210
'709
'836
'738
'763
'869
32, 418
10, 498
21, 920
'766
'817
'837
'786
' 920
31,621
7,121
24, 500
'884
'975
'773
'726
'967
19, 542
8,886
10, 656
'835
'893
'912
'917
'961
36, 450
12, 369
24, 081
'890
780
'959
' 1,
003
r
917
18, 856
7 268
11, 588
' 925
' 756
' 923
'949
r 774
' 753
' 785
r 777
' 899
' 14, 110
4 156
9 954
r
r
r 8Q2
15, 843
7 462
8 381
r 2 856
618
r 2 238
r'2 877
630
r
2 247
r 2 941
' 2 973
677
658
' 2 315 r 2 264
' 3 0°5
' 2 940
r 705
738
' 2 320 '2 202
3 284
638
2 646
3' 356
' 783
2 573
3 516
' 658
2 858
3 582
802
2 780
r 8 304
3 199
5 105
r 8 934
3 152
'5 082
8 163
2 947
5 216
8 094
2 802
5 292
959
925
967
810
940
' 1 030 1 057
17, 815
22, 393
6 663
6 800
11, 152
15 593
1 032
Q25
949
978
1 018
r
r 823
'811
r 812
' 764
' 948
16, 455
4 984
11 471
r 899
r
888
r 860
r
817
991
22, 119
6 783
15 336
r 8 234
3 091
' 5, 143
r 851
r 921
r 849
r
85. 239
84. 840
84. 840
86. 303
86. 436
86. 576
86. 576
86. 310
84. 945
84. 665
84. 105
' 83. 405 P 82. 821
125. 759
124. 942
122. 868
121. 234
120. 418
120. 418
120. 418
122.051
124.460
124. 460
125. 105
' 126. 232 P 127. 015
744
300
758
762
749
296
780
- 753
752
334
699
714
756
326
735
764
759
365
705
720
776
372
747
769
802
376
787
798
677
372
670
681
599
295
70S
676
758
320
767
733
692
350
700
662
752
356
767
746
1,606
10, 276
1,364
8,912
1,633
11,018
5,665
5,353
1,618
8,150
1,993
6,157
1,589
6,477
1,928
4,549
1,574
5,985
1,351
4,634
1,552
5,317
1,152
4,165
1 541
4,300
1,104
3 196
1 530
6,163
1,776
4 387
1 562
11,517
1,529
9 988
1 596
9,345
1,327
8 018
1 634
7,379
3,016
4 363
1 655
5,821
1 621
4 200
803
383
830
776
1 709
79. 676
79. 662
78. 815
79. 250
80. 260
81. 483
81. 572
81.921
82. 113
81. 402
81. 180
' 80. 675 p 80. 473
155. 061
155. 061
155. 406
156. 068
158. 322
158. 358
158. 971
158. 971
158. 971
159. 583
159. 706
159. 630 v 158. 770
592
' 614
572
561
1 855
614
628
462
550
1 767
610
670
426
518
1 675
531
657
429
444
1 660
586
643
554
550
1 644
653
665676
631
1 709
83.61
83 64
••84 07
P 84 07
289 083 r 302 975
290 689 r 301 638
97 619 r 99 JOS
339 259
338 115
100 073
351 913
344 257
107 562
608
602
'559
579
' 1, 573
609
501
r587
571
' 1, 589
82.10
282, 864
282, 070
85, 800
680
548
'691
633
1, 647
739
610
'746
678
' 1, 715
737
656
'730
687
' 1 , 758
82.28
83.51
83.50
83.54
83.23
81.55
81.31
82.65
231, 160
230, 155
86, 033
269, 066
273, 123
81, 849
224, 756
211, 998
92, 747
281, 488
274, 449
101, 103
292, 489
290, 201
102, 614
303, 863
303 237
103 498
235, 439
239 002
99 507
266, 521
269 455
96 265
r
719
737
675
657
' 702
' 740
650
706
' 1 810 ' 1 844
SOFTWOOD PLYWOOD
Production..
thous. of sq. ft., %" equivalent..
Shipments
_
_ _ _
do
Stocks, end of month
. _ _ _ ..do. _
HARDWOOD FLOORING
Maple, beech, and birch:
4 525
4 300
3,550
Orders, new
M bd. ft
3 575
4 100
2,850
3 450
4 050
3 800
3 900
3 650
4 850
5 07^
Orders, unfilled, end of month
do
10, 700
10, 200
9,700
9,600
9 650
9 500
9 650
9 600
9 325
9 600
9 900
9 650
10 350
4,300
Production _.
._ _ _
do...
3,650
3,400
3,000
3 900
4,000
4 200
3 900
4 200
3 200
3 900
4 000
3 875
3,350
Shipments
do
3,675
3,650
3,550
4 250
2 950
4 oso
4 250
3 800
3 650
3 350
3 550
4 125
9.475
Stocks, mill, end of month
do
9.575
in finn
9.675
in 97*
in KM
in 525
8. 650
10. 175
10. 000
10. 200
9.400
8.900
r
Revised.
f Preliminary.
{Revisions for January-October 1950 are available upon request.
cfThe 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.
§Excludes "special category" items.
*New series. Data are compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data prior to April 1952 (February 1951 for softwoods) will be shown later.
©Revised monthly data for 1948-March 1952 will be shown later.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1952
April
May
June
July
1953
August
September
October
November
December
February
January
63, 707
50,843
76, 794
74, 393
72, 004
73 232
56,093
72, 716
67 982
76, 738
89 979
66, 898
78, 157
78, 556
76, 339
87 638
76, 823
72, 283
77, 265
69, 323
98, 269
86, 161
79, 615
85, 226
62,064
313 408
16, 033
181 185
10, 185
April
March
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING—Continued
Oak:
Orders new
Orders, unfilled, end of month
Production ..
__ _
Shipments
Stocks, mill, end of month
M bd. ft
do
do .
do
_ _
do - -
89, 018
79, 142
82, 922
84, 643
77, 817
84, 306
78, 777
84, 953
84, 671
77, 257
64, 926
69, 938
79, 701
77, 844
77,096
70, 446
66, 775
79, 941
79, 428
77, 609
75, 162
61, 721
80, 074
81, 531
75, 371
81, 178
61, 132
82, 021
84, 132
73, 260
87, 303
57, 998
91, 034
94, 691
69, 603
84 222
86. 584
84, 371
88, 359
55, 268
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.) :
Exports total
short tons
ScrapO
do
Imports total
do
Scrap
do
483, 092
21, 200
119, 661
13, 441
529, 414
29, 928
99, 260
7,635
340, 490
42, 058
92, 539
2,829
223,832
54, 735
89, 559
4,805
302, 079
36, 708
111, 957
7,601
367, 876
21, 991
142, 336
8,024
448, 197
39,176
221, 304
5, 133
387, 319
19, 790
177, 224
11, 767
439 064
19, 692
205 599
8,092
328 121
12, 147
149 311
5,254
320, 124
24, 012
136, 349
10, 846
6,004
3,027
2,977
5,473
1,236
4,238
6,014
3,034
2,980
5,861
1,263
4,598
2,295
2,201
1,309
6,245
1,272
4,973
1,295
6,590
1,299
5,291
6,127
3,060
3, 0(>7
7,027
1,379
5,648
6,477
3,270
3,207
7,045
1,388
5,658
7,007
3,573
3,434
7,033
1,428
5,605
6,676
3,444
3,231
6,936
1,350
5,586
6,820
3,490
3, 330
6,910
1,329
5,581
7,008
3, 579
3,429
6,632
1,314
5,317
6,499
3,343
3,156
6,722
1,295
5,427
9,073
8,655
10, 629
13, 693
13, 769
10, 551
1,552
3,163
8,940
2,783
1,805
9,906
14, 974
15, 992
8,888
15, 912
16. 301
8,500
14, 271
15,588
7,183
9,448
11, 531
5,119
3, 260
2,970
5,449
3,387
2,002
6,824
6,532
' 6, 642
19, 592
16, 487
3,105
12, 497
6,932
25, 904
22, 230
3,675
2,487
1,403
27,170
22, 611
4,559
1,904
1,544
27, 388
22, 904
4,484
14, 368
7,243
34, 137
29, 449
4,688
13, 013
8,048
47, 839
41, 699
6,140
1,065
9,295
7,826
51,208
44, 318
6,890
1,012
427
8,220
45, 172
39, 055
6,116
Iron and Steel Scrap
Consumption, total§
thous. of short tons
Home scrap _ _
...
do _
Purchased scrap
do
Stocks, consumers', end of month, total§_
do .
Home scrap
do
Purchased scrap .- . _ -_
do
985
906
r
7, 321
3,724
3,596
6, 569
1, 248
5,321
p 6, 974
p 3, 585
P 3, 389
p 6, 696
p 1, 295
P 5, 401
3,214
1,909
8,149
4,113
2,181
10, 031
9,971
10, 486
9,516
0
8,293
37, 077
31, 967
5,110
0
7,396
29, 949
25, 741
4,207
313
8,257
22, 065
19, 026
3,039
8,404
7, 675
21, 661
18, 904
2,757
r
r
Ore
Iron ore:
All districts:
Mine production
thous. of long tons
Shipments
_
_ _ _
do
Stocks, at mines, end of month
do
Lake Superior district:
Shipments from upper lake ports .
do
Consumption bv furnaces __
do
Stocks, end of month, total
do
At furnaces.
do
On Lake Erie docks
do
Imports
do
Manganese ore, imports (manganese content)
thous of long tons
860
726
847
14, 389
7,659
41, 532
36, 206
5,326
1,172
576
576
80
63
47
58
63
64
90
88
157
141
95
96
1,614
1,205
'659
1,459
1,101
'624
1,446
1,410
1,513
1,002
602
1,451
1,119
••630
1,392
1,233
'689
1,309
1,061
••594
1,316
1,142
1,333
1,162
1,332
1,136
1,376
1,264
198, 215
89, 270
56, 337
180, 382
81, 770
51, 476
173, 353
74, 446
46, 511
166, 517
45, 266
29, 675
162, 832
63, 716
39, 308
168, 367
75, 950
45, 849
168, 609
88, C62
52, 922
167, 842
76, 099
46, 708
173, 494
80, 680
50, 485
5,225
5,280
5,492
5,402
1,068
1,110
1,003
5,831
5,671
6,164
6,007
6, 515
6,510
6,227
6,128
6,510
6,367
1,715
1,729
1,669
1,689
1,801
1,864
1,830
1,897
1,963
53.67
52.00
52.50
53.80
52.00
52.50
53.81
52.00
52.50
54.26
52.00
52.50
56.31
54.50
55.00
56.31
54.50
55.00
56.31
54. 50
55.00
56.31
54.50
55.00
56.31
54.50
55.00
150, 232
113, 997
24, 013
158, 392
121, 402
19, 930
165, 155
124, 626
22, 610
148, 259
110,467
22, 287
161,733
122, 166
25, 972
167,211
126, 819
26, 752
687
699
746
681
Pig Iron and Iron Manufactures
Castings, gray iron:§
Orders unfilled for sale
thous of short tons
Shipments, total
do
For sale__
_
do
Castings, malleable iron:§
Orders unfilled for sale
short tons
Shipments, total
do
For sale do
Pig iron:
Production..
thous. of short tons
Consumption!
do
Stocks (consumers' and suppliers') , end of month§
thous. of short tons__
Prices, wholesale:
Composited71
dol. per long ton
Basic (furnace)
.
.
do
Foundry, No. 2, f. o. b. Neville Island. _ _ d o
835
502
636
432
946
619
607
675
174, 809
87, 249
53, 272
175, 088
86, 515
51, 963
177, 776
94, 481
57, 025
6,564
6,478
5,882
5,832
r
6,677
6, 577
6,231
P 6, 235
1,852
1,884
' 1, 895
p 1,876
i 54. 73
54.50
55.00
54. 73
54.50
55.00
54.73
54.50
55.00
54. 73
p 54. 50
P 55. 00
175 675
137, 592
33, 156
182, 181
141, 873
34, 364
622
Steel, Crude and Semimanufactures
Steel castings:
119, 036
141, 628
173, 635
175, 075
Shipments total
short tons
134, 325
97, 633
114, 410
132,129
For sale, total
do
20, 752
33, 549
30, 455
35, 227
Railway specialties
do
Steel forgings:1
1, 349, 288 1, 318, 889 1, 248, 204 1, 289, 597
Orders unfilled, total
_
_ _
do
96, 828
135, 398
155, 840
168, 286
Shipments, for sale, total
do
69, 165
114, 271
125, 736
101, 861
Drop and upset
do
27, 663
41, 569
42, 550
33, 537
Press and open hammer
do
Steel ingots and steel for castings:
r
1,627
'
8,
206
*
7,
992
1,
640
Production
thous. of short tons_.
18
89
90
18
Percent of capacity J Prices, wholesale:
.0476
.0471
.0471
.0471
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (producing point)
56.00
56.00
56.00
56.00
dol. per short ton..
.0400
.0400
.0400
.0400
Structural steel (producing point)
dol. per lb._
Steel scrap, heavy melting (Pittsburgh)
44.00
44.00
44.00
44.00
dol. per long ton..
21,399,969 1,391,998 1, 393, 137
2 120,966
149, 642
178, 475
2
79,535
130, 515
107, 966
Ml,431
41, 676
47, 960
'8,500
92
' 9, 063
102
r 9, 808
107
1,398,863 1, 207, 058 1, 206, 550 1, 199, 151 1, 184, 992
180, 538
183, 709
183, 545
155, 630
201, 190
133, 851
137, 221
112. 622
148 747
135, 682
46, 687
46, 324
52, 443
43, 008
48, 027
' 9, 440
106
r 9, 691
106
r
9, 898
99
r
8, 933
99
' 10, 168
102
9, 546
99
.0498
.0498
.0498
.0498
.0498
.0498
.0498
.0498
.0498
59.00
.0420
59.00
.0420
59.00
.0420
59.00
.0420
59.00
.0420
59.00
.0420
59.00
.0420
59.00
.0420
P 59. 00
P . 0420
44.00
44.00
44.00
44.00
44.00
44.00
44.00
44.00
v 44. 00
6,133
1,964
5,733
2,188
5,396
2,277
4,884
1,892
•• 4, 949
2 046
5,174
1,798
5,052
1,670
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousandsShipments
do
Stocks, end of month
do
r
7,484
2,207
51
7,052
2,117
48
6,406
1,655
35
6,502
1,629
25
34
41
36
28
48
62
63
4,878
1 981
68
4,804
2 068
9Q
l
2
Revised.
p Preliminary.
See note marked "cf" for this page.
gee note marked "1" for this page.
OData beginning 1951 have been adjusted in accordance with the revised export schedule to exclude exports of tinplated circles, strips, etc.
§ Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 establishments by the Bureau of Mines and the Bureau of the Census.
cf Beginning January 1953, new weighting factors have been introduced and delivered prices eliminated. Quotations comparable with earlier prices may be derived by adding $1.58 (plus a
very small adjustment for any freight-rate increases) to the stated prices.
KData beginning August 1952 are estimated industry totals based on reports from producers whose shipments in 1947 accounted for 98 percent of total shipments; unfilled orders are for
commercial forgings only, i. e., exclude forgings for own use. Data for May 1951-July 1952 are as reported by producers whose shipments averaged 50 tons or more per month; unfilled orders
for this period include captive shipments.
J For 1953, percent of capacity is calculated on annual capacity as of January 1, 1953, of 117,547,470 tons of steel; 1952 data are based on capacity as of January 1, 1952, of 108,587,670 tons.
SURVEY OF CURRENT BUSINESS
June 1953
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-33
1953
1952
April
May
June
July
August
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
B ars, hot rolled—A 11 grades
do
Reinforcing
do
Semimanufactures
_ _
do
Pipe and tubes
do
plates
_ . do
Rails
do
Sheets
do
Strip — Cold rolled
do _
Hot rolled
do
Structural shapes, heavy..
do__
Tin plate and terneplate
do
Wire and wire products
do
287, 223
173, 414
113, 809
240, 976
1,104
27, 774
277, 629
175, 158
102, 471
239, 311
1,071
30, 241
333,416
218, 947
114, 469
287, 127
1,010
30, 773
423, 894
293, 370
130, 524
388, 040
998
28,531
465, 820
348, 906
116, 914
421, 221
1,126
29, 462
460, 155
348, 500
111, 655
405, 368
1,146
33, 060
355, 341
240, 159
115, 182
304, 836
1,229
33, 467
245, 036
152, 116
92, 920
207, 193
992
24, 875
256, 206
158, 612
97, 594
218, 342
1,138
27, 012
5,922
693
144
292
718
658
128
1,434
143
143
354
398
422
5,947
740
158
305
723
637
133
1,484
140
156
361
334
403
1,250
123
28
55
182
110
11
321
62
33
36
104
85
1,414
130
35
120
152
107
3
425
59
35
29
125
108
6,312
744
188
306
717
680
121
1,567
127
155
428
479
416
6,542
787
181
352
797
649
148
1,639
156
192
386
412
447
7,156
846
197
377
861
709
156
1,819
189
207
412
435
497
6,648
828
153
350
783
679
145
1,714
166
194
416
388
443
7,105
865
211
395
857
720
153
1,843
179
196
422
373
454
76, 880
209, 286
80, 803
239, 782
77, 476
272, 633
78,368
318, 763
85, 175
305, 987
76, 882
307, 644
77, 312
374, 602
74,639
296, 613
.0750
252, 084
269, 597
151, 200
167, 764
100, 884
101,833
' 227, 068 «• 215, 587
1, 138
1,186
24, 696
26, 616
278, 942
161, 734
117, 208
238, 484
1,296
27, 627
7,068
853
146
358
832
714
166
1,851
190
203
418
433
458
6, 533
779
156
335
804
659
148
1,695
167
183
395
373
435
7,437
894
173
415
902
707
168
1,982
205
210
416
448
471
83, 419
334, 147
89, 895
299, 415
92, 649
283, 599
104, 460
350, 094
102, 071
. 0750
.0750
.0825
.0995
.0924
243.6
55.6
187.9
110.7
.402
240.7
54.9
185.7
109.2
.402
273.5
59.4
' 214. 3
127.1
.429
219. 4
129.2
p. 429
1,338
27, 772
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary
short tons
Imports bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
dol. per lb_.
Aluminum fabricated products, shipments,
total c?O
mil. of Ib
Castings O
do
Wrought products, total cf
do
Plate, sheet, and strip
___do
Brass sheets, wholesale price, mill
dol. per lb_.
Copper:
Production:
Mine production, recoverable copper
short tons_.
Crude (mine or smelter, including custom intake)
short tons
Refined
do _
Deliveries, refined, domestic
do
Stocks, refined, end of month
do
Exports refined and manufactured
do
Imports total
do
Unrefined, including scrap
do
Refined
do
Price, wholesale, electrolytic (N. Y.)_.dol. per lb_.
Lead:
Ore (lead content) :
Mine production
short tons
Receipts by smelters, domestic ore
do _
Refined (primary refineries) :
Production
do
Shipments (domestic)
do
Stocks, end of month
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
Governments
do
Industrial
do
Imports:
Ore (tin content)
do
Bars, blocks, pigs, etc
do
Price, wholesale, Straits (N. Y.)
dol. per lb__
Zinc:
Mine production of recoverable zinc
short tons__
Slab zinc:
Production
do _ _
Shipments, total
do
Domestic
do
Stocks, end of month _ .
do
Price, wholesale, prime Western (St. Louis)
dol. per lb._
Imports, total (zinc content)
short tons
For smelting, refining, and export
do
For domestic consumption:
Ore (zinc content)
do
Blocks, pigs, etc
do
.0775
.0768
.0725
.0708
.0740
«• 203. 8
M4.0
159.9
85.1
.383
' 200. 2
'42. 1
r
158. 1
86.5
.383
' 195. 4
'39.9
155.5
87.7
.383
' 184. 0
'35.3
148.7
86.1
.402
'r 198. 8
39. 2
159.6
92.2
.402
80, 528
82,227
73, 923
76, 284
89, 479
98, 402
107, 579
61, 223
19, 494
42, 970
23, 318
19, 652
.2420
92, 946
97, 593
105, 860
55, 351
20, 252
37, 172
14, 314
22, 858
.2420
80, 392
92, 151
98, 416
70, 856
18, 347
33, 061
26, 338
6,723
.2420
81, 601
96, 049
115, 384
73, 657
15,435
66, 380
38, 938
27, 442
.2420
34, 496
35, 762
33, 824
36, 149
31,002
32, 962
39, 329
38, 225
41, 820
45, 546
28, 591
58, 775
38, 987
39, 563
58, 190
.0750
-0750
1211.2
145.4
165.7
95.8
.402
235.5
51.6
p
183. 9
107.6
.402
212.1
46.5
165.6
98.2
.402
74, 166
74, 907
79, 207
75, 730
77, 907
77, 594
72, 367
79, 368
95, 366
127, 910
83, 771
14, 604
61, 122
21, 366
39, 756
.2420
82, 426
98, 930
135, 486
71, 456
20, 945
67, 817
25, 605
42, 212
.2420
84, 824
105, 770
138, 759
59, 760
18, 226
59, 910
21, 028
38, 882
.2420
80, 436
100, 075
125, 338
69, 237
13, 016
59, 230
24, 016
35, 214
.2420
85, 239
113, 965
143, 088
58, 858
16, 257
70,300
24, 531
45, 769
.2420
81, 625
108, 010
125, 133
59, 836
8,079
50, 138
23, 589
26, 549
.2420
83, 653
101, 538
117, 204
60, 944
6, 030
62, 476
33, 320
29, 156
.2497
••101,825
112, 016
113, 462
55, 807
8,645
52, 397
20, 496
31, 901
.2929
95, 888
112, 660
142, 282
48, 382
29, 862
28, 829
30, 232
32, 393
30, 386
32, 919
33, 523
33, 770
29, 160
30, 537
29, 542
32, 769
r
29, 458
30, 388
'30,715
32, 660
31,049
31. 557
37, 489
51, 534
44, 140
41, 836
45, 499
39, 767
42, 791
49, 850
31, 837
51, 521
43, 150
37, 718
49, 806
51, 271
35, 686
48, 651
40, 370
43, 560
45, 423
47, 295
' 35, 529 ' 36, 811
58, 949
52, 760
232.0
53.3
178.7
103.7
.402
30, 660
30, 697
' 80, 807
r
79,565
.2990
47, 993
42, 242
62, 371
46, 729
39, 487
69,608
.1268
.1892
.1573
.1526
.1600
.1600
.1600
.1440
.1416
.1413
.1419
.1350
.1340
57, 770
73, 448
67, 703
33, 085
40, 202
47, 190
59, 392
41, 305
85, 133
47, 999
42, 102
36, 410
1,989
3,919
26, 172
15, 458
10, 714
1,952
3,751
33, 093
22, 741
10, 352
2189
1,789
26, 301
15, 904
10, 397
2163
1,933
31, 037
21, 009
10, 028
2231
4,553
25, 233
16, 411
8,822
2,732
4,527
25, 273
15, 534
9.739
3,601
5,038
24, 815
14, 266
10, 549
4,205
4,615
24, 124
13, 659
10, 465
4,021
4,994
25, 939
13, 265
12, 674
732
10, 894
1. 2150
934
7,413
1. 2150
3,070
9,951
1. 2150
5,481
6,619
1. 2150
2,378
8,711
1. 2150
1,136
7, 586
1. 2138
4,869
6,883
1. 2123
2,177
5,860
1. 2127
3,277
7,180
1. 2147
3,862
7,728
1. 2150
4,101
5,251
1. 2150
4,573
6,686
1. 2140
61, 211
62, 663
57, 068
50,642
49, 482
48, 748
53,346
48, 899
49, 789
54, 035
49, 506
'51,803
50, 247
83,011
85, 592
72, 716
23, 423
83, 797
74, 076
63, 701
33, 144
77, 463
47, 265
35, 769
63, 342
76, 930
43, 353
38, 714
96, 919
78, 167
78, 435
72, 963
96, 651
76, 019
78, 129
69, 343
94, 541
80, 588
79, 787
71, 659
95, 342
78, 563
90, 756
81, 439
83, 149
81, 363
77, 352
71, 175
87, 160
81, 994
80, 679
77, 573
88, 475
76, 899
71, 710
67, 729
93, 664
83, 485
77, 285
72, 388
99,864
80, 459
86, 043
78, 211
94, 280
.1950
121, 925
7,993
.1950
104, 188
5,047
.1574
106, 743
2,097
.1500
79,315
832
.1406
9,470
1,164
.1398
14, 976
1,371
.1330
21, 322
2,939
.1250
23, 235
2,555
.1250
27, 232
1,532
.1259
27, 586
834
.1148
27, 475
984
.1103
54, 642
4,734
, 1100
106, 337
7,595
92, 264
6,877
98, 159
6,487
62, 578
15, 905
4,088
4,218
4,454
9,151
6,105
12, 278
7,027
13,653
3,686
22, 014
6,809
19, 943
7,837
18, 654
28, 020
21, 888
9,480
87, 814
13, 346
90, 225
16,962
88, 017
17, 285
79, 487
24,037
73, 627
29, 455
63, 833
33, 552
55, 159
23,087
51, 470
14,088
54, 618
11, 522
60, 568
' 12, 955
65, 219
10, 990
73, 761
1,760
10, 010
2,145
9.665
2,925
8.782
2,915
7.676
3,974
6.507
4,729
5.032
4,962
4.199
3,814
3.422
2,591
3.859
2,634
4.044
r
1. 0111
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square) :
Shipments
thous, oflb
Stocks, end of month
do
Radiation:
Shipments
thous. of sq. ft
Stocks, end of month
do
' 2, 621
4.028
2,435
4.625
r
2
Revised.
^Preliminary.
1 See note marked "0" for this page.
Production by detinners only.
cTSee note in June 1951 SURVEY regarding additional reporting companies beginning February 1951. OData beginning September 1952 are estimated industry totals based on reports
from a revised sample of 550 establishments; monthly data for January 1951-August 1952 have been revised to bring the estimates closer to the September 1952 shipments based on the new
sample.
§ Government stocks represent those available for industrial use.
SURVEY OF CUKKENT BUSINESS
S-34
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1953
1952
April
May
June
July
August
September
October
November
December
January
February
March
April
METALS AND MANUFACTURES—Continued
HEATING APPARATUS—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, excl. electric:
Shipments total
number
Coal and wood
do
Gas (incl 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 orders
thous. of dol
Unit heater group, new orders
do
Foundry equipment (new), new orders,
net
1937-39=100
Furnaces, industrial, new orders:
Electric
__
_
thous. of dol_.
Fuel-fired (except for hot rolling steel)
do
Machine tools:
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), shipmentsf
_ .-thousands
Domestic electrical appliances, sales billed :
Refrigerators, index
1936=100
Vacuum cleaners, standard type
number. _
WashersO .._ do
Radio sets, production*
do
Television sets (incl. combination), production*
number. 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 lb__
Shipments of vulcanized products
thous. of doL _
Steel conduit (rigid) and fittings, shipments 9
short tons
Motors and generators, quarterly:
New orders, index
1936—100
Polyphase induction motors, 1-200 hp:cf
New orders
thous. of dol
Billings
do
Direct current motors and generators, 1-200 hp:cf
New orders
thous of dol
Billings
do
23, 446
22, 850
17, 851
20, 010
21, 197
21, 979
20, 797
18, 859
20, 200
26 768
24, 737
28, 928
36, 284
45, 805
80, 183
41, 707
51, 743
74, 183
42, 963
57, 830
72, 468
54, 737
67, 044
61, 577
63, 805
84, 620
50, 593
66, 080
104, 098
42, 993
57, 874
119, 370
36 076
42, 595
72, 854
39 324
37, 505
53, 243
46, 758
37 658
49, 026
49 915
43 469
45, 345
58, 324
38, 986
56, 320
67, 262
199, 605
7,475
182, 942
9,188
179, 496
6,267
163, 446
9,783
192, 540
5,702
176, 405
10, 433
170, 146
7,080
154, 907
8,159
198, 604
8,820
180, 346
9,438
221, 468
9 037
200, 946
11 485
264, 196
9 905
241, 138
13 153
204, 336
7 793
187, 370
9 173
195, 052
8,088
177, 463
9,501
187
8
170
8
745
723
675
347
r
205, 872
8 089
187, 702
10 081
227, 287
8,119
208, 739
10,429
147, 435
25, 381
62, 014
60, 040
172, 303
35, 676
76, 324
60, 303
230, 741
40, 963
120, 878
68, 900
393, 834
79, 027
197, 680
117, 127
515, 356
132,211
236, 849
146, 296
565
158,
241
165,
659
179,
304
175,
369
118
170
80
238
544
365
329
189, 009
33, 786
111, 254
43, 969
145
12
57
76
700
061
487
152
r
124 334
11 735
60 568
52 031
142, 394
16, 295
74, 282
51,817
50, 933
27, 029
19, 695
4,209
176, 609
58, 732
32, 239
20, 583
5, 910
181, 389
70, 206
36, 627
27, 235
6,344
182,851
78, 266
38, 738
30, 950
8,578
157, 595
105, 410
51, 289
40, 654
13, 467
187, 949
116, 300
54, 368
46, 419
15 513
202, 432
89, 708
44, 947
35 227
9 534
195, 385
64, 102
33, 128
26, 140
4,834
199, 972
57, 778
31, 426
22 101
4 251
207 290
55,368
29, 815
21, 662
3 891
210, 379
63, 713
32, 352
27, 344
4,017
229, 193
508
564
419
525
965
921
169
875
126, 754
59, 071
51, 331
16, 352
218, 582
r
r
r
' 39, 394
11, 891
33, 223
r 14 545
r
r
r
r
41, 808
12, 223
33, 117
16, 625
385.1
225.2
353.8
343.9
311.6
365.9
335.8
258.1
343.3
301.0
257.3
396.7
303.0
2,298
3,613
3,713
3,037
1,552
2,968
2.530
6,703
1,626
5,259
1,412
2,472
2,459
1,520
1,241
2,396
1,634
3,235
1,655
3,540
1,672
3,996
1,301
3,607
1,796
3,017
293.5
307.9
284.6
323.0
342.9
330.8
376.3
259. 7
311.1
317.0
302.4
368 3
243.3
357.8
205.4
342.5
225.2
355.0
255.8
361 6
282.1
354.5
1,059
1,154
1,725
1,668
2,702
3 220
3,126
1,855
1,274
1 073
763
816
985
131
49, 528
••138
42, 621
168
32, 702
249
47, 981
172
31, 079
185
37 796
158
31, 366
116
21, 191
98
28, 199
88
38 234
81
21 851
63
20, 142
107
39 388
6,354
6,140
7,957
6,299
5,921
5 258
5,534
4,130
6,575
5 752
6,521
8,255
7,758
850
1,137
1,535
2,526
2,905
2 874
3,112
2,168
1,975
1 571
1,162
' 1, 202
1,244
133
217, 169
222, 266
957, 666
128
216, 969
219, 882
843, 569
192
206, 939
281, 635
1
986, 603
197
188, 715
209, 901
494, 866
148
222, 413
259, 280
607, 402
136
237, 541
287,
919
1
970 109
122
292, 474
335, 616
870, 338
152
254, 297
298, 641
1,037,864
147
211
183
208
249, 032
329, 294
255, 886
268, 548
246, 007
317, 914
353,
972
294, 960
282,
453
333,
601
2
1,498,258 1 093 142 1 192 439 1 1,549, 203 1 158 936
322, 878
309, 375
i 361, 152
198, 921
397, 769
i 755, 665
724, 117
780, 486
2 921, 086
719, 234
730, 597
i 810, 112
545
517
500
470
451
531
599
579
655
643
649
694
r
323. 3
' 375. 7
p 277. 0
p 373. 1
567, 878
7,899
7,739
7,558
7,597
6,718
8,223
9,110
8,956
10, 196
10, 427
10, 609
11, 072
11,322
4,133
3,640
3,720
2,179
3,038
3,759
4,160
3,658
4,198
4,466
4,360
4,843
4,701
1,430
1,332
1,296
1,027
1,210
1,380
1,694
1,463
1,671
1,725
1,791
1,895
1,882
22, 272
22, 173
13,422
6,824
16, 225
25, 456
21, 171
20 2^3
25, 780
21, 946
517
463
490
36, 446
40, 443
36, 946
35 210
36, 954
36 541
41, 127
39 639
13, 614
9,787
9,269
7 905
8,807
10, 152
7,512
8,858
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
3,244
3,333
3,349
2,484
Production
thous. of short tons..
2,663
3,705
3,130
2,626
2,365
3,354
' 2, 284
4,150
1,987
Stocks in producers' storage yards, end of month
1,149
1,264
1,026
1,447
1,314
1,420
1,668
1,674
thous. of short tons..
1,300
1,479
1,623
1,635
1,611
340
360
295
233
Exports
do
423
166
496
498
180
149
465
140
Prices, chestnut:
21.69
23.08
21.77
22.38
22.54
22.92
24.69
Retail composite!
dol. per short ton
23.77
24.00
13. 631
13. 394
13. 456
13. 869
14. 119
14. 219
16. 013
14. 681
16.013
16. 013
14. 681
Wholesale, f o. b. car at minef
do
16. 013 P 14. 621
Bituminous:
36, 462
39, 100
31, 437
25, 782
34, 171
Production
thous. of short tons
39, 445
46, 885
32, 744
42, 723
34, 265 ' 36, 250 37, 025
41, 060
Industrial consumption and retail deliveries, total
thous. of short tons. 30, 751
23, 683
32, 635
41, 278
41, 424
32, 630
23, 510
34, 503
38, 864
37, 006 r'37,596
36, 967
34, 365
Industrial consumption, total
_ _
.do
20, 705
20, 291
31,911
33, 982
27, 734
27, 423
33, 428
30, 113
28, 416
28, 327
31,928
31, 840
30, 048
198
125
665
759
712
678
666
615
509
556
Beehive coke ovens
do
377
'840
789
3,335
3,293
8,259
8,899
7,627
7,863
8,923
8,230
8,641
8,447
8,067
Oven-coke plants
-do
8,956
8,583
582
603
637
681
786
764
608
679
699
725
709
Cement mills
_
do
687
664
7,369
7,597
8,250
10, 388
7,723
8,494
9,582
9,604
7,782
10, 170
8,877
Electric-power utilities
do
9,123
8,618
2,342
2,569
3,321
3,075
2,852
2,722
3,046
2,833
2,448
3,128
3,031
2,560
Railways (class I)
do __
2,413
562
229
582
208
532
698
538
653
679
625
623
617
Steel and rolling mills
do
55£
6,444
6,102
7,208
6,602
9,500
8,705
6,919
8,746
8,895
9,027
7,818
9,300
Other industrial
_
do
8,422
3,219
4,214
5,212
6,176
6,936
7,296
7,996
3,017
2,978
5,056
6,893
5,756
Retail deliveries
do
4.317
r
2
Revised.
p Preliminary.
* Represents 5 weeks' production.
Represents 6 weeks' production.
fRevised series. For revised batteries data beginning 1947, see note at bottom of p. S-35 of the July 1952 SURVEY. Retail prices of coal are weighted averages for large cities. Wholesale
prices supersede former quotations on tracks, destination. Revised price data prior to 1951 will be shown later.
©Figures through 1951 are estimated industry totals; thereafter, data cover reporting companies only (representing about 97 percent of total industry).
*New series. See note marked
"*" on p. S-35. ^Beginning May 1952, the index includes varnished tubing and saturated sleeving. §Data for 1952 cover 14 companies; beginning January 1953, 17 companies, 9 Data,
beginning January 1952 cover 9 companies, tf1 The number of companies reporting is as follows: Polyphase induction, 34; direct current, 28.
SURVEY OF CURRENT BUSINESS
June 1953
S-35
1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April
May
June
August
July
September
October
November
December
January
February
March
April
PETROLEUM, COAL, AND PRODUCTS—Continued
CO A L—Continued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons__
Stocks, industrial and retail dealers', end of
month, total
thous. of short tons _
Industrial, total
do__ Oven-coke plants _ _ _ _ _
do
Cement mills
__
do
Electric-power utilities __
„
do__
Railways (class I)
do
Steel and rolline mills -_
do__
Other industrial
do
Ketail dealers
__
do _
Exports
do
Prices:
Retail, composite!
dol. per short ton__
Wholesale:
Mine run, f. o. b. car at minef
do
Prepared sizes, f. o. b. car at minef
do
COKE
Production:
Beehive§
thous. of short tons. _
Oven (byproduct)
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
Exports
do
Price, beehive, Connellsviile (furnace)
dol. per short ton_.
76
92
84
79
76
75
77
76
38
11
9
9
73
78, 141
76, 810
16, 652
1,245
33, 617
4,254
1,353
19, 689
1,331
79, 301
77, 838
16, 799
1,261
34, 545
4,110
1,336
19, 787
1,463
81, 192
79, 556
16, 894
1,412
35, 802
3,996
1,269
20, 183
1,636
79, 359
77, 698
16, 136
1,456
35, 895
3,560
1,195
19, 456
1,661
81, 238
79, 567
16, 066
1,616
36, 797
3,443
1,158
20, 487
1,671
83, 298
81, 492
15, 728
1,746
37, 722
3,487
1,236
21, 573
1,806
77, 951
76, 369
14, 437
1,624
36, 393
3,041
1,156
19, 718
1,582
75, 970
74, 212
13, 637
1,607
36, 195
2,897
1,085
18, 791
1,758
76, 745
75, 036
14, 430
1,540
35, 891
3,032
1,089
19, 054
1,709
73, 346
71, 857
13, 400
1,362
34, 771
2,973
983
18, 368
1,489
71, 385
70, 110
13, 381
1,245
33, 906
2,892
943
17, 743
1,275
70, 235
69, 187
13, 276
1,106
33, 926
2,764
940
17, 175
1,048
70, 531
69, 473
13, 408
1,057
34, 649
2,571
922
16, 866
1,058
4,248
4,885
4,898
4,014
4,288
3,760
3,010
2,981
2,357
2,207
1,584
1,575
16.16
15.99
16.02
16.13
16.22
16.28
16.54
16.66
16.72
5.624
6.349
5. 623
6.317
5.629
6.378
5.640
6. 487
5.640
6.544
5.655
6.680
6.016
6.951
6.028
7.020
6.032
7.064
5.931
7.076
5.923
7.058
5.857
6.853
p 5. 830
p 6. 442
432
5,374
296
426
5,536
201
124
2,361
267
77
2,305
306
248
5,787
317
391
5,784
323
328
6,117
314
356
5,961
311
427
6,264
329
483
6,284
337
••451
5,681
324
'536
6,299
334
504
6,032
1,873
1,459
413
159
89
1,961
1,538
424
158
62
2,557
2,007
550
122
58
3,297
2,479
819
103
53
3,142
2,294
848
98
44
2,838
2,132
706
97
52
2,541
1,957
583
87
41
2,445
1,920
524
96
62
2,177
1,736
441
103
54
2,075
1,672
402
111
51
1, 995
1,641
354
130
43
1,973
1,581
392
140
39
2,009
1,541
467
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
14. 750
2,062
192, 882
89
193, 039
2,199
158, 310
71
152, 062
2,017
185, 917
96
204, 762
2,139
188, 868
96
214, 729
1,935
192, 798
99
220, 661
1,677
195, 528
98
210, 510
1,790
202, 044
96
213, 358
1,773
194, 611
98
211, 456
1,690
205, 645
97
215, 504
1,957
203, 214
96
218, 288
1,828
183, 736
94
195, 133
1,807
202, 458
94
217, 073
270, 679
69, 159
183, 751
17, 769
290, 813
72, 875
197, 001
20, 937
285, 964
71, 950
194, 525
19, 489
275, 951
70, 352
187, 341
18, 258
264, 368
67, 497
178, 394
18, 477
264, 723
65, 241
181, 580
17, 902
269, 776
66, 084
185,900
17, 792
267, 852
63, 777
185, 625
18, 450
271, 928
66, 275
187, 852
17, 801
272, 250
65, 902
188, 480
17, 868
273, 589
66, 451
189, 163
17, 975
275, 665
69, 077
188, 897
17, 691
3,340
17, 362
2.570
1,718
15, 570
2.570
2,388
17, 601
2.570
1,876
17, 497
2.570
1,966
18, 124
2.570
1,664
18, 306
2.570
1,526
20, 074
2.570
1,805
16, 788
2.570
2,991
20, 141
2.570
2,211
18, 500
2.570
2,011
16, 292
2.570
2,171
20, 221
2.570
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 :cf
At refineries
At tank farms and in pipelines
On leases
do
do
do
Exports
do
Imports
do
Price (Oklahoma-Kansas) at wells. __dol. per bbl__
p 2. 570
Refined petroleum products:
Fuel oil:
Production:
30, 432
46, 157
43, 640
45, 735
39, 353
46, 768
47, 379
42, 153
45, 310
45, 183
45, 053
46, 933
Distillate fuel oil
thous of bbl
38, 931
35, 704
37, 321
36, 827
38, 337
30, 336
37, 602
40, 351
40, 515
38, 984
36, 887
Residual fuel oil
do
38, 822
Domestic demand:
25, 815
50, 773
23, 291
27, 867
33, 921
60,535
63, 778
52, 552
39, 347
47, 176
28, 836
26, 221
Distillate fuel oil
do
52, 769
36, 285
41, 267
38, 500
45, 119
48, 531
50, 395
37, 027
42, 094
60, 109
57, 557
48, 304
Residual fuel oil
do
Consumption by type of consumer:
7,152
8,083
3,912
3,717
4,380
4,204
7,702
6,809
7,162
6,028
7,749
8,523
5,380
Electric-power plants}:
do
2,434
1,884
2, 463
2,500
2,516
2,055
2,622
2,827
1,831
2,439
2,618
2,621
Railways (class I)
do
7,075
6,774
6,782
6,438
7,403
5,924
6,156
6,354
6,975
6,117
6,342
6,351
Vessels (bunker oil) . _ .
do_ __
6,680
Stocks, end of month:
65, 911
59, 802
51, 648
51, 634
85, 775
99, 582
80, 655
120, 721
67, 167
116, 096
104, 257
117, 252
Distillate fuel oil
do, .
41,600
45, 688
38, 821
38, 561
44, 178
52, 245
48, 706
45, 910
53, 069
53, 052
54, 061
56, 200
Residual fuel oil
do
Exports:
2,641
2,791
3,091
3,613
2,999
3,269
3,015
2,135
3,673
2,949
2,840
2,306
Distillate fuel oil
do
1,724
2,500
1,367
2,588
2,244
1,502
1,339
1,271
2,473
1,373
1,194
Residual fuel oil
do
1,583
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
p. 098
.098
.091
.091
.091
.098
.098
.098
.098
dol. per gal_
.098
.098
.098
.098
p. 850
.850
1.350
.850
1.150
.950
.900
1.400
.900
.900
.900
Residual (Okla., No. 6 fuel)
dol. per bbl.
.900
.900
Kerosene:
11, 135
7,084
9,519
13, 434
11,083
10, 978
13, 061
11,313
11, 792
10, 919
10, 498
Production
_ _ _ thous. of bbl_
11, 620
12, 092
5,504
5,268
13, 884
17, 066
5,883
8,150
17, 829
12, 230
6,014
12, 455
7,156
Domestic demand
do
18, 697
19, 614
20, 468
26, 842
i 23, 487
23, 061
27, 387
18, 955
32, 199
33, 289
35, 021
32, 401
Stocks end of month
do
728
377
740
950
511
325
796
613
358
655
358
525
Exports
do_
Price, wholesale, bulk lots (New York Harbor)
.108
p. 108
.101
.108
.101
.108
.108
.101
dol. per gal_
.108
.108
.108
.108
.108
Lubricants:
4,321
3,492
4,855
3,596
4,668
4,831
4,416
4,507
4,694
Production
_ - _ - _ thous. of bbl
4,210
4,940
4,857
3,229
3,032
2,931
3,224
2,525
3,414
3,509
2,800
2,993
3,711
3,433
3,343
Domestic demand
do
11, 134
11, 224
11,021
9,694
9,775
9,610
9,869
10, 154
10, 561
11, 250
9,745
Stocks refinery end of month
do
9,620
1,127
628
1,295
917
890
1,054
1,448
1,297
1,276
938
Exports©
do
1,070
1,610
Price, wholesale, bright stock (midcontinent,
.210
p . 205
.270
.290
.210
.270
.270
.290
.220
.250
.260
.220
.270
f. o. b. Tulsa)
dol. per gal_
r
1
Revised.
*> Preliminary.
New basis. ( Uomparab] e data for ]December 952 (thous .bbl.): Distillate fue , 98,895; ke rosene, 27, 529.
t Re vised series. Retail prices are weighted av srages for 1arge cities. Wholesa e prices su persede for mer quota tions on tr acks, desti nation. Figures prio r to 1951 w ill be publ ished later.
§Revisions for 1950 will be shown later.
c? Includes stocks of heavy crude in California.
{Revisions for January-July 1951 will be shown later.
©Excludes "special category" exports not shown separately for security reasons.
NOTE FOR RADIO, TELEVISION SERIES, P. S-34. *New series. Compiled by the Radio-Television Manufacturers Association. Data represent industry totals based on reports
from both members and nonmembers of the association. Both private and company brands are included. Radio production comprises home, portable battery, automobile, and clock models;
television sets include combination models. Annual totals for 1924-46 for radios and monthly data for 1947-50 for radio and television sets are shown on p, 20 of the October 1952 SURVEY.
Data for June, September 1952, and March 1953 cover 5 weeks; December 1952, 6 weeks; other months, 4 weeks.
SUEVEY OF CUKEENT BUSINESS
S-36
June 1953
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April
May
June
July
August
1953
|
September
October
November
be?11" 1 January
February
March
April
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products— Continued
Motor fuel:
All types:
92, 553
74, 485
Production, total
thous. of bbl
98, 340
105, 022
107, 427
104, 977
104, 873 104, 894
106, 432 i 107, 413 i 96, 796 1 105, 897
Gasoline and naphtha from crude petro86, 638
81, 819
63, 752
93, 373
leum
thous. of bbl
95, 742
93, 663
92, 564
94, 725 2 95, 609 2 86, 221 2 93. 963
93, 148
16, 796
17, 917
17, 669
17, 310
18 248
19, 605
20 804 3 20, 617 3 18, 408 3 20, 202
Natural gasoline and allied products do
18, 259
19 396
Sales of 1. p. g. for fuel, etc., and trans6,063
5,608
7,183
6,574
9 097
7,685
6,020
7,296
9 082
fers of cycle products
thous. of bbl
6 934
7,787
7,650
7,398
8,041
8,761
8,437
9,451
8,378
8,938
9,759
9,317
Used at refineries
__ _do
9,186
9,292
8,930
98, 653
101, 137
99, 305
105, 307
86, 458
102, 954
95 817
103 689
98 158
Domestic demand
do
100 095
91 326
89 634
Stocks, gasoline, end of month:
116, 039
112, 232
143, 512
108, 708
149, 069
110, 750
127, 792
111 770
121 645
153, 315
Finished gasoline total
do
113 698
141 746
83,129
64, 731
60, 389
57, 180
57, 244
87, 232
70, 581
89. 513
59, 276
58, 180
63, 809
79, 746
At refineries
do .
8,378
7,617
7,934
8,804
7,858
7,842
8 292
7 864
8 236
Unfinished gasoline
do
8 772
9,416
7 293
9,366
9,246
10, 035
10, 095
7,748
7,807
9,722
8,890
8,584
Natural gasoline and allied products do _
8,925
7,575
8,268
2,466
975
1,923
2,349
2,730
2,203
4,645
2,513
2 164
2,396
3 447
2 652
Exports cf
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
.104
.100
.103
.104
.104
.104
.104
.104
.104
.104
.104
dol. per gaL.
.104
.129
.129
.129
.129
.129
.129
.129
.129
.129
.129
.129
.129
Wholesale, regular grade (N. Y.)*
do
.202
.205
.205
.204
.208
.203
.202
.206
Retail, service stations, 50 cities
do
.204
.201
.203
.203
Aviation gasoline:
6,116
4,906
6,552
6,003
6,670
7,341
6,988
7,230
Production, total
thous. of bbl
6 977
6,694
7,193
7,020
5,076
4,339
5,068
5,417
5,977
5,815
5,325
5,661
5,853
5,942
100-octane and above
__ _ _
do
6,191
6,060
7,859
7,332
7,633
7,311
7,865
9,425
9,126
9 754
9 882
8,085
Stocks, total
do
8 397
8 451
3,761
4,422
3,863
3,878
4,470
100-octane and above ._
do _
4,259
4,761
5,241
4,887
4,751
4,536
5, 168
Asphalt:
712,900
Production
short tons. _ 922, 900 1, 009, 500 1,280,700 1, 383, 600 1, 493, 500 1, 475, 100 1, 407, 100
748, 700
852. 500
998, 700
707, 300
1, 753, 500 1, 660, 500 1,436,000 1, 167, 100
967, 500
755, 800
Stocks, refinery, end of month
do
690, 400 910 400 1, 149, 300 1 368 200 1, 579, 500 1, 769 500
Wax:
94, 360
80,360
96, 880
92, 680
116, 200
99, 680
Production
thous. of Ib
105, 000
113,120
106, 680
113, 400
121 800
105 840
193, 480
179, 200
179, 760
169, 680
173, 600
Stocks, refinery, end of month
_do
150, 360
168, 000
161, 000
158, 480
156, 520
148, 400
160 440
Asphalt products, shipments: J
r
r
r
' 5, 434 r 5, 972
Asphalt roofing, total
thous. of squares. _ ' 4, 768 ' 5, 220 «• 5, 160
«• 4, 241
2,966
6, 428
2, 918
3,800
6, 765
3 111
Roll roofing and cap sheet:
r
r
r
T
r gyo
r 1, 024
' 1, 019 r 1, 077
* 1, 057
1,
203
1,
332
Smooth -surfaced
do
943
817
721
6G9
1
438
r
r
r 1, 141
«• 1, 067
«- 1, 160
'r 1,235 rr 1, 394
Mineral-surfaced
do
1, 570
1 661 rr 1 033 r r 773
695
886
767
r
' 2, 678 ' 3,
*
2.
982
022
3,
121
r
3
666
3,
375
3
526
1
475
1
602
Shingles, all types
do
2
265
1
623
2
097
r
' 133
r 128
133
' 146 r »• 163 r r 195 r r 230 r r 170 r ' 123
Asphalt sidings
- -- -- - do _ _
114
105
131
r
52, 791 ' 59, 303 ' 52, 459 57, 135
59, 250
61, 432
52, 472
Saturated felts
short tons..
43,423
67, 533
40, 598
46, 292
50,646
P. 104
p. 129
.206
5,152
1 062
1 075
3 015
120
64 248
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
_ thous. of cords (128 cu. ft.)__
Consumption
do
Stocks, end of month
do
Waste paper:
Receipts _. ._
short tons._
Consumption
do
Stocks, end of month __ ..
do
WOOD PULP
Production:
Total, all grades
thous. of short tons.Dissolving and special alpha t
short tons. .
Sulphate (paper grades) t
_
do
Sulphite (paper grades) t do _
Soda
__ _
do _ _ .
Groundwood
_ _
do
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
.
short tons__
Sulphate (paper grades) t
do
Sulphite (paper grades) t
do _
Soda _
_ do _
Groundwood
do
Exports, all grades, total
Imports, all grades, total ._
Dissolving and special alpha t
Sulphate tSulphite (paper grades)!
Soda
Groundwood
do
do
do. __
do
do
do
do
1,903
2,235
5,582
1,900
2,247
5,234
2,044
2,127
5,148
2,211
1,910
5,448
2,527
2 209
5,766
2 355
2 104
6 007
2 255
2 351
5 917
2 150
2 224
5 843
2 247
2 131
5 926
2 432
2 367
6 006
2 283
2 148
Q 132
650, 014
640, 933
587, 616
597, 539
618, 966
564, 079
589, 727
605, 572
548, 623
550, 030
561, 067
536, 811
631, 070
667 847
501, 402
693, 247
698 420
496, 775
786 664
775 224
510 317
685 279
704 127
492 249
696 981
666 765
521 737
687 220
708 058
509 058
647 080
682 469
476 575
1,375
60, 737
708, 162
205, 611
37, 813
198, 464
89, 170
1,402
61, 855
724, 682
206, 808
37, 840
203, 259
87,398
1,323
56, 102
690, 882
184, 265
33, 893
194, 762
89, 236
1,180
55, 839
607, 453
156, 865
26, 953
181, 974
84, 161
1,381
62, 173
728, 421
196, 340
32, 708
194 697
83 646
1,305
60, 401
670, 471
186, 823
32 320
185 254
84 958
1,461
65, 441
761, 522
205, 110
36 628
204 312
92 331
1,394
59, 762
739, 059
190, 129
35 173
189 874
93 005
1,348
49,548
700 304
186 072
36 004
197 113
91 021
1,483
58, 871
784 840
205 504
36 875
210 319
93 629
1,356
49, 214
715 468
186 191
34 782
192 325
88 308
139, 706
32, 894
34, 473
2,161
42, 547
147, 535
35, 416
34, 249
2,170
41, 088
156, 864
38, 813
38, 488
2,640
41, 030
146, 208
35, 867
33, 417
2,563
152, 021
42, 955
32, 252
2,425
31 983
146 712
42 769
32, 722
2 321
26 681
149 404
42 786
31, 489
2 282
22 563
154 700
43 809
32, 513
2 641
22 394
154
47
29
2
25
327
159
111
403
115
29, 522
146, 760
16, 595
49, 719
58, 244
2,619
18, 878
30, 131
147, 433
15, 028
59, 365
52, 766
2,229
17, 408
19, 666
133, 599
13, 353
50, 681
46, 551
2,197
20, 205
9,883
122, 636
18, 053
47, 747
40, 689
1,743
13, 851
14, 861
138 616
19, 333
50, 814
46, 837
2, 113
18 846
11, 388
160 423
19, 833
59, 195
50, 536
2,494
27 773
11, 560
170 340
25, 579
63, 100
55, 096
2 257
23 593
11,712
200 827
23,787
74, 047
72, 759
2 298
27 107
12, 031
222 780
21, 551
84 287
90, 924
2 623
22 731
r
2 260
r 2 405
r 5 939
1 988
2 372
5 601
r 742 150
741 071
r 474. 106
762 532
751 070
484 303
r 1, 512
401
905
364
084
012
186
1,467
51,686
783 9755
200 32
33 717
201 951
99 431
164 777
46 920
35 175
1 861
28 094
158 036 r 165 367
39 166
42 186
r 36 738
32 592
1 936
2 190
33 052
31 683
164 640
41 396
40 609
1 711
34 740
13, 489
190 9ii
19 934
81 119
64 621
2 560
21 302
6,228
169 613
16 415
72 243
57 473
2 427
19 664
•• 56,
810
203
37
206
89
10, 449
167 154
21 025
69 186
55' 693
3 205
17 278
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
2,014
2,011
1,949
1,762
thous. of short tons..
2,104
2, 059
2,027
2,279
2,205
2,023
2,066
' 2, 281
2,263
Paper (incl. building paper)
do
869
1,051
1,029
981
990
1,080
992
977
969
1,053
987
1,077
1,084
997
867
783
942
858
Paperboard
__ _
do
875
r 1 076
941
1 075
1 0^3
936
1 032
967
Building board
do
97
112
198
19*
115
109
'l19
118
124
106
110
110
126
r
Revised.
New basis, representing total gasoline production (comparable figure for December 1952 is 107,581,000 bbl.); comprises total gasoline and naphtha from
tRevisions for January-March 1952 will be shown later.
tBeginning with the February 1953 SURVEY, data for rayon and special chemical grades of wood pulp produced by the bleached sulphate and bleached sulphite processes have been combined
under the dissolving and special alpha grades. The sulphate and sulphite grades include both bleached and unbleached and represent paper grades only (except sulphate imports for which this
detail is not available). In 1949, production of dissolving and special alpha grades averaged 35,000 tons per month. Data beginning 1950 will be shown later.
SURVEY OF CURRENT BUSINESS
June 1953
S-37
1952
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
April
May
June
July
August
1953
September
October
November
February
March
April
886 207
814, 892
874 324
865, 061
428 582
800
818
806
796
437
000
295
000
000
670
897, 000
863, 685
870 000
859, 000
452 934
859 000
854, 225
872 000
870, 000
447, 839
92 205
37 023
95, 799
93 590
106 106
104
38
104,
102
107,
559
853
212
729
589
100
41
101
97
111
000
800
000
000
500
110, 000
50 952
105 000
114, 244
110, 000
51 250
107, 000
108 000
109, 640
315, 082
486 018
284 647
287 924
142, 271
304,
491
305,
299
147,
710
459
499
269
500
280,
494
280,
277
150
000
000
000
000
000
325, 000
522 265
303, 000
299 000
152, 677
298, 000
524, 000
304, 000
302 000
150, 974
December
January
824 431
793, 397
800 190
796, 778
424 307
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association):
813, 274
Orders new
short tons
Orders, unfilled, end of month . .
do-_- 825, 736
850, 216
Production
do
842, 129
Shipments
-do__
369, 375
Stocks end of month
do
Fine paper:
104, 915
Orders new
__do__
111, 930
Orders unfilled end of month
do
116, 076
Production
do
113, 781
Shipments
do
fiT1
Stocks d of month
do
72,250
Printing paper:
296, 780
Orders, new
do_ _
460, 500
Orders unfilled, end of month
do
295, 614
Production
_ _ _ _ _ do
293, 550
Shipments
do
138, 025
Stocks, e n d o f month _ _ _ _ _ _ _ _
do
Price, wholesale, book paper, "A" grade, Eng13.55
lish finish, white, f. o. b. mill*__dol. per 1001b._
Coarse paper:
254, 759
Orders, new
_
short tons
160, 500
Orders unfilled, end of month
do_ _
277, 891
Production
do
276, 686
Shipments
do___
84, 100
Stocks, end of month...
do
Newsprint:
Canada (inch Newfoundland) :
471, 235
Production
do
468, 018
Shipments from mills
do
Stocks, at mills, end of month .
do
170, 187
United States:
393, 470
Consumption by publishers
do
94, 767
Production
_
do
94, 250
Shipments from mills
do
Stocks, end of month:
8,969
At mills
do_ _
460, 475
At publishers
do
72,
475
In transit to publishers
_ _
do
419, 848
Imports
do
Price, rolls, contract, delivered to principal
117. 00
ports*
dol. per short ton..
Paj^rboard (National Paperboard Association) :
875, 600
Orders new
_ _ _ _ _ _ _ _ _ _ _ short tons.
417, 600
Orders' unfilled, end of month
do
869, 500
JrToGuction total
do
82
Percent of activity __
__
Paper products:
Shipping containers, corrugated and solid fiber,
' 5, 817
shipments
mil. sq. ft. surface areaFolding paper boxes, value :f
136.7
New orders
1947-49=100
135.0
Shipments
do _.
740, 502
747, 506
817, 027
803, 031
376, 503
753, 235
729, 006
773, 003
769, 654
381, 065
715, 288
768, 806
674, 759
671, 174
384, 550
752, 557
726, 902
775, 723
768, 208
422, 465
807
784,
756
749
427
132
617
433
664
350
892, 616
817, 556
851 888
861,102
418 101
759
765
798
800
420
399
444
316
447
669
91, 140
93, 500
115, 790
109, 550
78, 490
89, 628
86, 000
100, 121
96, 843
81, 905
83, 848
88, 000
84, 195
81, 323
84, 750
82, 938
57, 150
100, 213
98 080
93, 850
91
56
100
93
99
582
738
268
032
195
107, 357
52 824
111,288
111 547
98, 903
92
38
98
96
103
300
408
393
903
897
261,
425,
288,
285,
140,
276, 760
423, 000
278, 120
279, 095
139, 500
262, 177
450, 000
238, 014
232, 209
145, 300
258,
422
267,
264,
140,
298
465
256
255
141
820
435
921
785
915
313, 878
487 440
293, 743
292 239
143, 419
248
458
277
276
144
823
860
372
152
548
286
000
313
851
488
13.55
13.55
13.55
246, 360
140, 000
269, 058
262, 180
84, 000
237, 383
135, 000
250, 159
240, 210
95, 000
221, 930
143, 000
216, 743
212, 740
99,000
257,
155,
256
251,
130,
495, 972
492, 478
173, 681
451, 915
483, 791
141, 805
485, 539
483, 250
144, 094
404, 071
103, 440
103, 783
379, 943
99, 080
98, 138
8,626
442, 739
79, 028
409, 649
9,568
476, 479
74, 592
459, 005
13.55
13.55
13.55
527
090
051
705
595
294, 513
184 550
273 935
280 050
124, 480
263, 053
173 218
267 705
274 385
119, 232
259,
175
259
258
120,
486, 496
488 575
142, 015
461 508
462 404
141 119
502, 791
486 159
157, 751
463 435
498 987
122, 199
329, 729
94, 192
94, 933
341 571
97, 831
99 008
379 669
92 301
90 645
425 981
97, 144
97 789
8,827
532, 297
75, 474
427, 945
7,650
573 502
86, 444
400 541
9
582
77
422
8
561
69
432
117.00
119. 50
119. 50
880, 000
375, 000
906, 000
82
850, 300
352, 900
832, 800
82
845, 800
444, 200
773, 700
71
r
666
402
433
517
775
062
270
307
791
250
122. 00
306
209
578
887
13.55
13.55
13.55
289, 000
182 317
286 000
285 000
124 700
285, 000
174, 300
294 000
293, 000
125, 625
463 377
463 064
122 512
473 640
467 627
128 525
439, 167
408 610
159, 082
484, 276
441 512
201, 846
498, 889
183, 273
416 974
89 842
90 429
386 627
86 659
83 007
351 775
93 789
93 908
346 035
82 892
83 208
420 956
91,911
88, 194
89 004
661
016
364
597
8 074
527 525
97 206
407 300
11
530
81
452
11
556
89
391
11
555
93
377
291
508
225
700
8 697
518 985
85, 618
422 878
7 887
125. 25
125. 25
125. 25
125. 25
p 125. 25
726
651
258
263
291,
180,
289
286,
123,
607
022
767
816
125. 25
125. 25
971, 800
455, 100
985 500
91
r
r
r
' 5, 550
142.0
132.7
156.7
140.3
147.5
126.4
162.0
145.3
163 0
158.0
174.1
170.8
1,240
937
3€3
1,003
754
249
601
472
129
904
699
205
949
796
153
1,118
930
188
6, 364
6 780
' 13. 55
13. 55
264, 000
178, 000
266 000
266, 000
123, 500
890
106
194
302
260
917, 500 1, 065, 800 1, 076, 300 1, 020, 500 1, 077, 600
388, 400
453, 000
457 400
459, 900
478 400
955, 600
955 700 1, 142 200 1 004 900 1 029 100
96
89
85
96
88
122.00
106,000
690
285
853
510
600
13.55
259
170
245
244
130
5, 654
' 5, 970
r
7, 518
r
r
94 505
480,316
968, 700 1, 156, 300 1,101,800
539, 000
567, 500
437, 300
973 800 1 072,900 1,071 200
95
95
95
6 771
' 6 402
r
6, 417
r 7, 304
7,059
146 8
141.6
147 4
147.4
r 160. 7
' 154. 9
' 138. 4
' 183. 1
' 158. 6
169.4
153. 4
1,263
1 034
229
893
709
184
814
629
185
1,031
811
220
1,031
805
226
852
701
151
41 749
86 243
48, 776
44 790
95 260
78 192
47 766
97 730
63 767
r 48 455
6, 828
' 148. 0
PRINTING
Book publication, total
New books
New editions
.number of editionsdo
do
1,055
855
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
36, 417
59, 422
82, 974
36, 347
63, 988
59, 233
36, 946
72, 995
67, 261
32, 760
84, 839
50, 468
32, 941
84, 657
67, 139
39 274
84, 190
51, 465
45 110
82 861
55 651
45 231
94 151
.485
.485
.380
.315
.305
.275
.270
.290
.300
.295
.272
77, 437
68, 492
159, 701
2,415
61, 368
67, 339
154, 339
2,350
64, 040
66,203
151, 324
1,154
58 992
58, 642
152, 373
1 499
59 214
61,214
150 254
1 921
58 352
66 668
141 837
1 573
62 553
73 963
133 042
1 525
60 540
66 240
123 745
1 148
65 740
71 635
118 987
1 323
69 482
72 810
117 875
1 487
66 970
68 888
114 099
1 264
23, 948
23,911
39, 767
23, 142
22, 314
40, 169
21, 079
21, 850
38, 973
16, 213
18, 354
36 287
17, 131
20 548
32 224
21 732
23 131
31 430
27 405
26 830
31 463
22 684
22 896
30 176
25 606
24 300
3C 664
26 784
r 25 356
31 244
24 373
24 098
30 631
7,189
6,967
2,814
4,038
115
13, 295
127
7,433
7,443
2,719
4,624
101
13, 263
108
7,366
9,003
2,617
6,256
130
11,668
107
7,097
7,148
1,186
5 845
117
11 647
140
6,933
7 989
1 632
6 226
131
10 637
159
7 391
8 049
2 826
5 082
141
9 960
154
8 663
7 846
3' 200
4 532
114
10 821
95
7 384
5 892
2 665
3 140
86
12 272
85
7 945
6 226
2 916
3 173
' 137
14 096
95
8 238
7 882
3 004
4 794
84
14 118
86
8 236
7 243
3 263
3 895
5,481
5,305
11, 013
88
5,771
5,330
11, 493
63
5 536
6,040
10,974
83
4 790
4 507
11,223
134
4 867
5 431
10, 627
79
5 397
5 984
10, 086
104
6 220
5 859
10, 386
55
5 117
4 617
10, 910
60
5 644
4 869
11, 744
48
6 130
7 538
10, 169
46
r 50 707
' 98 627
56 785
.260
p. 244
81 408
77 903
116 089
1 713
82 952
77 299
121 832
r
r
49 140
108 207
T
27 699
r 27 334
T 30 280
28 589
26 527
30 834
9 407
8 256
3*570
r 4 598
r 87
9 262
8 913
3*798
5 ooi
115
16 872
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export .
_
Stocks, end of month
Exports©
[nrj|T tubes:
' fbduction§
Shipments§_
Stocks, end of month§
Exports
r
thousands. _
do
do
do
do
do
do
do
do
do
do
85
15 295
121
6 4^8
6 364
10, 308
49
r
16 456
96
7 470
r (5 555
11, 242
69
Revised.
v Preliminary.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later.
t Revised series, reflecting use of new base period; data prior to February 1952 will be shown later.
©Excludes "special category" exports not shown separately for security reasons.
§ Includes data for motorcycles.
7 544
6 769
12, 155
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 1953
1952
April
May
June
July
August
1953
September
October
November
December
January
F
U
a?y "
March
A
Pril
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments..reams _ _
185, 451
168, 174
161, 544
157,412
19,817
86
21, 764
24, 672
10, 520
21, 829
92
23, 282
23, 220
9,513
20, 748
90
25, 067
18, 896
21, 342
90
25, 084
15, 158
7,548
25,915
12,819
6,262
484, 468
492, 488
489, 779
479, 409
510, 226
504, 459
538, 183
530, 377
531, 547
512, 135
160, 795
174, 449
182, 612
176, 845
164, 085
168, 910
184, 754
193, 830
206, 34&
23, 573
99
23, 010
99
26, 240
9, 584
24, 181
101
27, 222
22,048
5,352
6,546
4,360
20, 881
87
13, 740
15, 957
5,385
18, 855
79
13, 520
21, 294
7,445
17, 325
80
14, 155
24, 464
8,899
20, 215
84
20, 813
' 23, 865
9,706
21, 802
94
20, 891
24, 776
9,556
530, 990
527, 147
546, 446
551, 040
436, 508
383, 597
391, 241
353, 088
377, 166
375, 051
447, 707
439, 031
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bbl._
_
thous of bbl
do
__do_ .
8,578
95
19, 771
8,823
4,329
CLAY PRODUCTS
Brick, un glazed:
Production^
thous. of standard brick
Shipments!
do
Price, wholesale, common, composite, f. o. b.
plant f
dol. per thous
Clay sewer pipe, vitrified :t
Production
short tons
Shipments
do _.
Structural tile, unglazed:t
Production
do.
Shipments
do
471, 331
440, 700
27. 217
27. 217
27. 217
i 27. 409
27. 409
27. 409
27. 409
27. 409
27. 409
27. 409
27. 410
139, 573
139, 744
128, 020
134, 221
143, 426
145, 603
132, 061
142, 566
136, 595
146, 934
145, 012
150, 341
151, 052
160, 498
130,019
120, 236
135, 309
98, 131
113, 227
94, 920
124, 673
106, 651
143, 156
136, 741
82, 647
84, 813
84, 209
82, 285
86, 470
83, 994
91, 836
87, 251
85, 434
87, 976
82, 911
82, 736
88, 572
73, 216
73, 326
78, 823
66, 270
81, 541
63, 050
73, 976
68, 020
79, 890
74, 735
9,523
9,577
10, 220
10,080
9,607
10, 042
10, 700
10, 100
10, 704
10, 119
'r 8, 837
8, 253
8,250
7,889
9,293
8,602
9,000
8,510
r 10, 680
1,125
1,216
915
892
1,186
1,464
1,220
••722
653
862
825
' 1, 293
1,006
2,474
2,767
2,706
2,733
3,210
2,736
2,818
' 2, 200
2,109
2,485
2,403
' 3, 266
2,308
767
700
1,061
977
955
940
1,123
1,198
852
1,860
739
214
10, 060
1,073
1,244
905
1,834
788
264
10, 107
783
1,257
1,120
2,313
928
327
666
570
1,380
'312
'530
' 1, 387
' 2, 096
9,449
476
768
1,035
2,111
772
327
9,594
484
714
961
' 1, 927
756
285
' 10, 167
385
535
911
2,356
808
260
10, 427
497
572
929
2,270
804
212
10, 677
'828
'883
'1,418
' 3. 071
' 1, 102
'308
' 8, 970
1,033
967
906
1,869
925
229
9,741
5,833
3,816
4,960
4,428
8,911
5,975
5,399
8,724
6,387
5,541
9,566
6,778
5,908
10, 230
3 295
3,652
3,656
3,667
14,360
13, 555
27, 204
13, 857
13, 724
27, 350
14, 304
14, 356
27, 291
83,338
' 27. 577 f 27. 786
GLASS PRODUCTS
Glass containers:
Production
thous. of gross.
Shipments domestic total
do
General -use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, an d fruit jars) _ _ thous. of gross _ _
Beverage (returnable and nonreturnable)
thous. of gross _ _
Beer bottles
_
do _.
Liquor and wine
do
Medicinal and toilet
do. _ _
Chemical, household and industrial
do
Dairy products
do -.
Stocks, end of month
do_ .
Other glassware, machine-made:
Tumblers:
Production
thous of dozens
Shipments
do_ _
Stocks
do
Table, kitchen, and household ware, shipments
2,355
850
244
9,863
9,888
2,064
735
233
9,871
9,735
11,126
9,688
2,298
859
307
9,854
••742
'264
' 10, 106
4,987
9,892
4,537
5,329
9,073
4,831
5,491
4,966
5,245
8,023
5,191
8,628
4,050
8,389
5,696
8,349
8,035
8,431
3,472
3,504
2,908
2,945
3,354
3 308
4,374
3 666
4,701
5,181
6,012
4,693
' 12, 170
10, 291
9,242
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Production
734
Gypsum products sold or used, quarterly total:
Calcined:
For building uses:
All nthpr building nlasters
T fh
" thnns nf
Tile
"
Wallboardo"
1,720
1,218
2,164
1 846
716
2, 033
1,723
559, 966
603, 095
610, 738
494, 822
14, 045
143, 059
589, 300
533, 226
13, 337
165, 283
645 548
6, 265
902, 174
58 438
424, 371
12, 125
161, 130
570 922
2,067
do
do
<?n ft
do
do
6,670
830, 644
61, 426
6,507
935, 541
65, 195
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairsShipments
do
Stocks end of month
do
13, 480
13, 576
28, 067
13, 312
12, 250
29, 129
13, 132
12, 643
29, 774
11, 794
11,728
29, 843
13, 907
14, 470
29, 279
14, 104
15, 184
28, 199
15, 687
16,819
27, 067
13, 987
15, 118
25, 935
13, 342
12, 949
26 399
14,07
12, 86
28,53
COTTON
Cotton (exclusive of linters):
Production:
176
2 14, 951
14, 715
1,413
5, 716
10 786
13, 420
13 988
Ginnings§
thous of running bales
Crop estimate, equivalent 500-lb. bales
2 15, 136 3
thous of bales 3
674, 773 3 697, 637 744, 383
772, 176
736, 248 3 915, 593 759, 737
697, 984 s 893, 806 765, 778
905, 07
848, 055 686, 951
f^onsuTTiptioT)^
bales
Stocks in the United" States, end of month,
5,355
3,449
2,789
13, 422
12, 373
4,366
15, 704
14, 503
9,163
16, 667
11, 093
10, 164
8,11
totall
_ . . thous. of bales -.
8,02
12,317
2,720
14, 452
9,079
5,258
4,280
3,370
16,600
15,646
13, 371
11,019
10, 086
Domestic cotton, total
do
4,495
742
820
527
401
220
13, 991
2,967
1,882
10, 720
6,550
1,362
71
On farms and in transit
do
2,372
1,502
1,783
6,644
6, 366
5,4cc
7,437
7,779
7,442
2,986
1,795
3,977
6,906
Public storage and compresses
do
1,892
999
1,439
1,695
1,530
1,380
1,186
814
949
1,819
1,258
1,571
1,81
Consuming establishments
_
do
(
84
51
55
74
69
51
97
86
79
78
66
58
Foreign cotton, total
...do
2
3
r
Total ginnings of 1952 crop.
Data cover a 5-week period.
Revised.
» Preliminary.
1 Specification changed; earlier data not strictly comparable.
^Revisions for January-July 1951 will be shown later.
fRevised series. Data beginning 1947 will be shown later.
cf Includes laminated board, reported as component board.
§Total ginnings to end of month indicated.
^Data for April, July, and October 1952 and January and April 1953 cover 5-week periods and for other months, 4 weeks; stocks are for end of period covered.
NOTE FOR MILL MARGINS SERIES, p. S-39. The method of compiling average mill margins has been revised to incorporate new constructions, similar to those formerly us
which are no longer being made in quantity, and to substitute "landed" raw cotton prices (Memphis territory growth) for the 10 spot market quotations. Revised data for August 1950 throu,
1951 will be shown later.
SURVEY OF CURRENT BUSINESS
June 1053
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
S-39
1953
1952
April
May
June
July
August
September
October
November
December
January
February
March
April
TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters) — Continued
Exports
bales
Imports
_ _
do
Prices (farm), American upland1
cents
per
lb__
Prices, wholesale, middling, Me // , average, 10
markets
cents per Ib
Cotton linters :t
Consumption
thous of bales
Production _ _
do
m
Stocks, end of month
do
334, 248
1,449
36.8
315 842
36.0
264, 418
4,367
38.0
48 116
6,865
37.0
106, 853
7,797
37.9
240, 501
10, 909
39.1
296 025
7, 735
36.8
337 208
12 362
34.1
465, 966
33, 268
31.7
291 829
25, 322
29.8
259, 247
27, 055
30.2
246 467
12 495
31.5
31.5
40.7
38 6
40.4
39.4
39.4
38.9
36.7
34.8
33.1
32.5
32.9
33.2
33.0
99
630
97
70
560
99
46
541
180
i 36
532
95
46
528
88
168
578
i 108
1256
706
109
233
837
114
211
901
i 111
1207
1,047
110
174
1,079
137
152
1,097
1128
i 117
i 1, 125
59, 942
1,643
63, 442
1,295
2,264
54, 136
1,251
54, 291
2,532
63, 315
1,529
2, 325
61, 830
3,976
70, 866
6 433
67, 119
3 271
2,540
58, 627
7 634
54 784
3 647
51, 858
2,773
P 2 609
48 627
6 295
24.30
42.7
16.4
17.3
24.55
42.7
16.0
16.5
22.88
40.7
16.8
16.5
25.39
40.7
17.4
17.0
26.83
40.7
18.4
17.5
29.72
40.7
19.3
17.8
32.55
40.7
19.3
17.8
33.05
40.7
18.3
17.8
34.12
40.7
18.5
17.3
34.40
40.7
18.3
17.1
33.92
40.7
19.3
17.0
32.52
38.8
'18.6
17.0
32.01
^38.8
*18.4
P16.9
.738
1.019
.730
.991
.727
1.006
.733
1.022
.742
1.045
.767
1.080
.762
1.082
.745
1.075
.728
1.047
.709
1.018
.702
1.018
.692
'1.014
P. 690
» 1. 002
Spindle activity (cotton system spindles):^
Active spindles, last working day, total. __thous_- 20, 910
19, 613
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total. mil. of hr_. i 10, 607
424
Average per working day
do
i 9, 948
Consuming 100 percent cotton
do
i 114. 5
Operations as percent of capacity, ,
20, 834
19, 513
8,110
416
7,532
112.0
20, 770
19, 453
8,700
435
8,102
117.3
21, 325
19,948
i 9,112
380
1
8, 501
i 102. 2
21, 398
20, 000
9,516
476
8,870
128.1
21, 432
20, 041
9,768
501
9,134
135.1
21, 612
20, 215
1 12, 341
499
111,525
i 134. 8
21, 583
20, 180
9,870
506
9,219
137.0
21, 632
20, 290
9,183
483
8,637
130.9
21, 680
20, 314
i 12,282
501
i 11,521
i 135. 7
21, 622
20, 277
10, 179
518
9,561
140.2
21, 575
20, 221
10, 251
513
9, 635
139.5
21, 259
19, 926
12, 353
501
11, 608
136.7
57.7
21.6
66.8
24.2
75.2
27.2
83.1
26.9
84.7
28.0
81.0
26.7
75.0
24.1
73.6
26.8
71.2
25.1
'77.9
'24.2
'71.9
'19.0
'81.8
'22.7
79.1
24.6
99.1
18.9
7,128
90.0
17.8
3,864
78.8
15.2
3 902
65.1
15.9
3 995
57.7
15.0
5 960
54.9
15.5
5 010
58.4
17.8
3 872
59.1
15.9
3 687
64.4
17.4
3 691
64.0
18.8
5 503
62.9
16.4
6 260
'61.2
'16.4
10 892
60.3
22.9
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.400
.780
.366
.780
.366
.780
.366
.780
.366
P. 780
P. 366
373
1
100
1
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production quarterlyd* mil of linear yards
Exports
thous. of sq. yd..
Imports
_.
do
Prices, wholesale:
Mill marginsf
cents per Ib
Denim, 28-inch* .. _ _
cents per yd
Print cloth, 39-inch, 68 x 72*
do.
Sheeting, in gray, 40-inch, 48 x 44-48*
do
Cotton yarn , n atural stock, on cones or tubes :
Prices, wholesale, f. o. b. mill:*
20/2, carded, weaving
dol. per Ib
36/2, combed, knitting
do
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn.
mil.oflb__
Staple (incl tow)
do
Stocks, producers', end of month:
Filament yarn
do
Staple (incl tow)
- - - - do
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point*
dol. per Ib
Staple, viscose, l^i denier.
. _ .. do _ _
Rayon and acetate broad-woven goods, production,
Quarterly rf
thous of linear yards
460, 958
406, 372
499, 197
P501 000
SILK
Silk, raw:
Imports
thous. of Ib
Price, wholesale, white, Japanese, 20/22 denier,
87% (AA), f. o. b. warehouse 9
dol. per Ib--
705
861
1,275
967
893
1,363
1,071
716
1,032
901
585
640
4.89
4.90
4.95
5.23
5.43
5.43
5.47
5.43
5. 45
5.55
5.56
5.53
25, 472
8,072
30, 633
22, 685
27 284
5 644
24 825
17 762
350
380
013
900
30 432
9,044
26 979
18 936
30 872
10, 548
28 118
17 786
i 38 0?5
i 12 860
64 994
48 714
420
920
316
051
26 984
11, 688
29 6S6
15, 366
2 1. 594
1.105
2 1. 600
1.105
1.627
1. 122
2 1. 660
1.144
2 1. 596
1.120
1.665
1.168
1.725
1.225
1.725
1.225
1.725
1.225
1.425
2 1. 425
1.425
2 1. 425
2 1.425
2 1. 535
2 1. 625
2 1. 675
2 1. 725
145
1,647
16
145
1 743
20
130
1 528
19
163
1,727
20
166
1,811
19
169
1,893
18
165
1,880
18
159
1,935
17
114
51
73
40
56
27
113
46
134
52
138
54
139
52
67, 772
70, 404
120
69, 696
78 524
131
61, 138
68 504
120
73, 806
83 377
149
75, 293
86 475
155
74, 918
86 856
154
51, 056
6,036
34, 204
10, 816
50 205
6 563
36 844
6 798
55 340
7 960
37, 208
10 172
57 832
7 608
38, 016
12 208
i 72 190
i 8 980
i 47, 705
i 15 505
»5.05
WOOL
Consumption, mill (clean basis) :f
Apparel class
-thous. of lb_. i 30, 020
i 11, 020
Carpet class
_ _ _
do
34, 347
Imports, clean content A . .
_do.
24, 588
Apparel class (dutiable), clean content*
do
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. per lb__ 2 1. 580
1.126
Bright fleece, 56s-58s, clean basis
dol. per lb.'_
Australian, 64s, 70s, good topmaking, clean basis,
1.
375
in bond
- dol. perlb-_
1
31
i6
31
21
28
10
20
10
i 34
i 13
40
21
360
690
894
342
r
r
29
12
28
18
564
656
487
443
1.725
1.225
2
29
12
31
17
876
812
569
254
1.722
1.185
1. 725
2 1. 750
160
1,867
18
169
1,932
T
17
160
1 886
16
144
56
138
47
163
54
164
56
74, 495
83 067
141
71, 199
81, 630
146
69, 128
81 597
147
56 480
6,888
36, 580
13 012
54, 448
5,772
35, 076
13, 600
i 64 560
i 6, 970
i 42, 175
i 15 415
1.737
1.201
2 1. 775.
WOOL MANUFACTURES
Machinery activity (weekly average) -\
Looms:©
Woolen and worsted:
136
Pile and Jacquard__ -thous. of active hours. .
1,534
Broad
do
13
Narrow
do
Carpet and rug:
117
Broad
do.48
Narrow
do
Spinning spindles:
63, 457
Woolen
--do-~-.71, 007
Worsted0
_
do
_'
120
Worsted combs
do
Woolen and worsted yarn:
* 60, 115
Production totalf ©
thous. of Ib
i 6, 705
Knittingf
___,
--. do 1 40, 290
Weaving, except carpet^
do
Carpet and other!
~_
<lo - _ i 13, 120
>ice, wholesale, worsted" knitting yarn, 2/20s2.110
50s/56s, Bradford system
dol. per lb_
i Data cover a 5-week period.
Preliminary.
'Revised.
i 54
i7
i 39
i7
200
455
585
160
'
74, 241 73, 200 .. T _-______.
r
91r 448
92 931
160
152
57 148
58 004
r
6, 488
7 116
'36,320
36, 640
' 14 340 14 248
2.122
2.134
2.122
2.122
2.122
2. 122
2.164
2,110
* 2. 135
2.146
f Revised series. See note at bottom of p. S-38.
number of active spindles are for en4 of period covered,
wool and rayon and cotton fabrics pro_„,_.._
--„
. . . . . . . . . . t. . ..... „
0.
x
isT ~Whplesale*prices are compiled by the U. S. Department of Labor, Bureau of Labor Statistics: monthly data beginning 1947 (except for cotton yarn and sheeting) will be shown
*New series.
later. Jmports of wool are compiled by the V. S. Department of Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be shown laters
9 Substituted series. Data beginning January 1950 will be shown later.
O Beginning 1951, looms weaving fabrics principally wool by weight.
Almports of unmanufactured wool converted to a clean-content basis; imports were formerly shown in actual weight, i. e., in the condition received.
®See note in August 1951 ScmvEY .regarding coverage of operations in cotton mills beginning with January 1951 data.
2.098
2
2.128
Nominal price.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1950 and descriptive notes are shown in the
1951 Statistical Supplement to the Survey
June 195.
1952
April
May
August
July
June
1953
September
October
November
December
January
February
March
April
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURE S-— Continued
Woolen and worsted woven goods, except woven
felts :t
Production Quarterly total
thous of lin yd
Apparel fabrics total
do
(Government orders
do
Other than Government orders total do
Men's and boys'
do
Women's and children's
do
Nonapparel fabrics total
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz./yd.,57"/GQ"*--..1947-49 = 100-Gabardine, 10^-12^ oz./yd.,56"/58"*
do_._-
82, 742
71, 466
17, 241
54, 225
27, 390
26, 835
11,276
5 572
5,704
122.6
107.5
117.8
107.5
117.8
107.5
88 555
78, 760
14 943
63, 817
27, 013
36, 804
9, 795
5,549
4,246
115.8
107. 5
115.8
107. 5
111.3
107.2
96, 173
83, 575
10 958
72 617
31,681
40, 936
12, 598
7,483
5,115
111.3
107.2
85 487
72 533
8 153
64' 380
32 960
31, 420
12 954
7 129
5' 825
111.3
107.2
112.5
103.9
112.5
104.7
113.9
104.7
113.9
105.3
p 1 13. 9
p 105. 8
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft shipments
Exports^
number
do
291
149
330
116
335
111
353
67
349
76
337
57
293
96
268
84
254
97
365
107
382
82
358
81
529, 585
503, 917
518, 710
211, 782
270, 982
604, 261
519, 536
535, 027
565, 172
583, 001
700, 685
723, 566
566,
545,
134,
122,
596,
578.
126,
114,
MOTOR VEHICLES
Factory sales, total
Coaches total
Domestic
Passenger cars total
Domestic
Trucks, total
Domestic
Exports total t
Passenger carsj
Trucks and hussest
number
do
do do
do _ _
do ..
do
_
- --
-
do.. _
do_ __
do
396, 393
113,631
98,110
397, 486
380, 952
106, 008
90, 983
407, 962
392, 471
110, 264
94, 962
168, 327
161, 862
43, 231
36, 231
218, 577
211, 140
52, 056
45, 204
551,159
387
330
438, 397
425. 266
112,375
99, 375
32, 772
17, 633
15, 139
32, 895
18, 139
14, 756
28, 670
13, 468
15, 202
22, 784
10, 813
11,971
14, 049
7,026
7,023
20, 073
10, 564
9,509
4,471
4,108
1,897
2,211
597
507
415,357
423
329
484
382
224
220
349
271
389
260
471, 808
459, 958
132, 064
116,449
319
244
405,
394,
114,
102,
231
189
254
219
190
189
111
313
106
504
418, 982
406, 156
115,814
103, 648
453, 319
435, 129
111,599
97, 879
486, 071
467, 440
96, 740
86, 212
22, 005
9,410
12, 595
22, 047
9,015
13, 032
21,054
9,455
11, 599
27, 121
14,136
12, 985
27, 938
15, 941
11,997
5, 465
5,149
2,708
2,441
230
4.887
4,552
2, 2SO
2,272
242
4,908
4,610
2,464
2,146
250
5,392
5,033
2,560
2, 473
248
5,858
5,318
2,588
2,730
223
6,009
5,353
2,586
2,767
286
236
189
320
961
129
043
145
141
633
213
788
821
27, 257
15, 372
11 885
r
r
Truck trailers production, totaled
Complete trailers
Vans
All other
Trailer chassis
-- --
do
do
do
do
do
5,298
4,833
1,963
2,870
369
5,163
4,602
1,854
2,748
335
4,029
3,681
1,219
2,462
292
3,673
3,369
1,281
2,088
263
Registrations:
New passenger cars
New commercial cars
do
do
374, 288
73, 461
422, 217
71, 690
423, 655
71, 471
340, 454
72, 134
215, 668
57, 786
318, 870
65, 381
383, 385
77, 486
360, 236
70, 431
399, 906
69, 949
386, 221
72, 606
396, 558
68, 616
7,433
5.234
5,204
2,199
12
12
12
0
7,263
5,171
4,765
2, 092
5,658
4,116
3,860
1,542
8
8
8
0
4,674
2,990
2,853
1,684
5
5
5
0
3,935
2,052
1,879
1,883
13
13
13
0
5,577
3,103
2,963
2,474
2
2
2
0
6,539
4,976
4,848
1, 563
13
13
13
0
11
11
11
0
6,098
4,201
4,032
1,897
11
11
11
0
7,968
5,893
5,769
2, 075
20
20
20
0
8,103
6,094
5,972
2,009
15
15
15
0
7,789
6,072
6,063
1,717
17
17
17
0
1,761
1,763
1,764
1,763
1,759
1,757
1,755
1,756
1, 757
1,759
1,762
1,764
1,765
93
5.3
89,917
54, 810
35, 107
96
5.5
84, 341
51, 198
33, 143
101
5.7
77, 984
46, 409
31, 575
107
6.1
76, 870
45, 094
31, 776
102
5.8
75, 684
43, 144
32, 540
98
5.6
73, 609
42, 171
31, 438
89
5.1
74, 728
41, 381
33, 347
90
5.2
72, 400
40, 355
32, 045
88
5.0
67, 138
35, 803
31, 335
88
5.0
66, 368
36, 550
29, 818
89
5.1
63, 711
34, 891
28, 820
89
5.0
59, 354
32, 732
26, 622
88
50
54, 333
30, 141
24, 192
2,502
13.0
2,237
12.1
2,170
12.0
2,131
12.0
2,217
12.7
2,125
12.5
2,015
12.1
1,939
11.9
1,890
11.9
1,851
12.0
1,835
12.1
1,784
12. 1
1,656
11. 5
1,738
30
1,612
28
1,368
26
1,434
25
1,169
23
1,006
21
1,011
19
894
17
943
15
948
14
1,057
12
843
10
861
8
59
39
58
54
52
43
49
45
51
38
40
47
643
598
45
652
617
35
648
554
94
394
369
25
564
528
36
516
488
28
588
549
39
622
585
37
741
674
67
704
669
35
779
743
36
832
794
38
260
6, 740
6, 327
'r 2, 823
3, 504
311
486 568
79, 672
8 847
8 449
2,990
5 459
334
528 278
91 127
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
number
Equipment manufacturers, total., . _ _ do. Domestic
do
Railroad shops, domestic ..
_ _ _ __do
Passenger cars, total .. .. _ _
do
Equipment manufacturers, total
. do
Domestic
_
-_
--- .-do _.
Railroad shops, domestic
do
Association of American Railroads:
Freight cars (class I), end of month:§
Number owned
thousands _
Undergoing or awaiting classified repairs
thousands..
Percent of total ownership
Orders, unfilled .. _
.number..
Equipment manufacturers
do
Railroad shops_ _ __ _ . _. ._ _ . do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number..
Percent of total on line
Orders, unfilled:
Diesel-electric and electric locomotives, total
number of power units. _
Steam locomotives, total
_ number _ _
Exports of locomotives, total
do
r
6, 725
4,958
4, 952
' 1, 767
39
39
39
0
6,870
4, 768
4 737
2, 102
37
37
37
0
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
_.
. __
_
number
do
do
732
690
42
r
Revised.
fRevised series. Beginning with data for 1951, the Bureau of the Census reports for woolen and worsted woven fabrics refer to goods which are principally wool by weight (i. e., exclude
fabrics containing 25-49.9 percent wool previously included).
*New series. Compiled by 17. S. Department of Labor, Bureau of Labor Statistics.
More complete specifications are: Flannel suiting—men's and boys', woolen, stock dyed, fine and medium
grade; worsted smtma—women's and children's gabardine. Monthly data beginning 1947 will be shown later.
J Data through December 1950 for aircraft and December 1951 for trucks and busses exclude military-type exports not show^n separately for security reasons; thereafter the figures including
those for passenger cars, exclude all military-type exports.
cf Total includes production of converter dollies not included in the detail; prior to January 1952, production of these types was included in the "all other" and "total complete trailers"
categories.
SNot including railroad-owned private refrigerator cars.
U . S . G O V E R N M E N T P R I N T I N G O F F I C E : 1953
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids
_._
24
Advertising
7, 8
Agricultural employment
10
Agricultural loans and foreign trade
15,21,22
Aircraft
11,12,13,14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
. 2, 6,8, 27
Aluminum
33
Animal fats, greases, and oils
25
Anthracite
2, 11, 13, 14, 15, 34
Apparel, wearing
3, 4, 5, 6, 8, 9, 11, 12, 14, 15, 38
Asphalt and asphalt products
36
Automobiles
2, 3, 7, 8, 9, 11, 12,13,14, 16, 18, 21
Balance of payments
__
20
Banking
15, 16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2, 3,4, 6, 8» 11, 12, 14, 27
Bituminous coal
_ 2,11,13,14,15,34,35
Blast furnaces, steel works, etc
11, 12, 13,14
Blowers and fans
34
Boilers
33,34
Bonds, issues, prices, sales, yields
19
Book publication..
37
Brass
33
Brick
38
Brokers' loans and balances
16, 19
Building costs
7
Building and construction materials
7, 8, 9
Business sales and inventories
3
Businesses operating and business turn-over __
4
Butter
27
Cans (metal), closures, crowns—
33
Carloadings
22, 23
Cattle and calves
29
Cement and concrete products
2, 6, 38
Cereals and bakery products
5, 11, 12, 14
Chain-store sales (11 stores and over only)
9
Cheese
27
Chemicals
2, 3, 4, 5, 12, 14, 15, 18, 21, 24
Cigars and cigarettes
6, 30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc.)
2, 6, 38
Clothing (see also Apparel)
5,38
Coal
2, 11, 13, 14, 15,21,22, 23,34,35
Cocoa
22, 29
Coffee
22,29
Coke
2,22,23,35
Commercial and industrial failures
4
Communications
11, 13, 14, 15, 18, 19, 20, 23
Confectionery, sales
29
Construction:
Contracts awarded
6
Costs
7
Dwelling units
7
Employment, earnings, hours, wage rates __
11,
12,13,14,15
Highway.
6, 7, 12
New construction, dollar value
6
Consumer credit.
16
Consumer expenditures
1,8
Consumer price index
5
Copper
22, 33
Copra and coconut oil
25
Corn
19, 28
Cost-of-living index (see Consumer price
index)
5
Cotton, raw and manufactures
2, 5, 6, 21, 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
2, 5, 11, 12, 14, 27
15
16
17
8, 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
5,26
Electrical machinery and equipment
3,
4,5, 7, 11, 12, 13, 14, 21,34
Employment estimates and indexes
10, 11, 12
Employment Service activities
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
25
Exports (see also individual commodities)
20, 21
Express operations
22
Failures, industrial and commercial
4
Farm income, marketings, and prices
2, 5
Farm wages
15
Fats and oils, greases
5, 25, 26
Federal Government
finance
16, 17
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
16
Fertilizers
_ 5, 24
Fiber products
34
Fire losses
7
Fish oils and
fish
25, 29
Flaxseed
25
Flooring
__„
31,32
Flour,for
wheat
28
Digitized
FRASER
Pages marked S
Food products
2,
3, 4, 5, 7, 8, 9, 11, 12, 14, 18, 27, 28, 29, 30
Foreclosures, real estate
7
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
.__.
21, 22
Foundry equipment
34
Freight carloadings
22, 23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
2, 5, 21, 27
Fuel oil
35
Fuels
2,5,34,35
Furs
22
Furnaces
._
34
Furniture
2, 3, 5, 8, 9,11,12,13,14,16
Gas, prices, customers, sales, revenues
5, 26
Gasoline
2, 7,8,9,36
Glass products (see also Stone, clay, etc.)
2, 38
Generators and motors
34
Glycerin....24
Gold
18
Grains and products
5, 19, 21, 22, 23, 28
Grocery stores
8, 9
Gross national product..
1
Gypsum and products
6, 38
Heating apparatus
6,11, 12, 13,14,33,34
Hides and skins
5, 22, 30
Highways and roads
6, 7,12,15
Hogs
29
Home Loan banks, loans outstanding
7
Home mortgages
—
7
Hosiery
38
Hotels..11, 13,14, 15, 23
Hours of work per week
12, 13
Housefurnishings
5, 8, 9
Household appliances and radios
5, 8, 9, 16, 34
Immigration and emigration
23
Imports (see also individual commodities)- 20, 21, 22
Income, personal
1
Income-tax receipts
16
Incorporations, business, new
4
Industrial production indexes
2,3
Instalment 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, 4, 9, 10
Iron and steel, crude and manufactures
2,
6,21,32,33
Jewelry stores, sales, inventories.
...
8,9
35
Kerosene
13
Labor disputes, turn-over.
10
Labor force
29
Lamb and mutton
29
Lard
.
33
Lead.
Leather and products
2, 3, 4, 5, 12, 14, 15, 30, 31
Linseed oil
25
Livestock
2, 5, 22, 23, 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 and products.2,
3, 5, 8, 9, 11, 12, 13, 14, 31, 32
Machine activity, cotton, wool
39
Machine tools.,
34
Machinery
2,3,4,5, 11, 12, 13, 14, 18,21,34
Magazine advertising
8
Mail-order houses, sales
_,
8, 9, 10
Manufacturers' sales, inventories, orders
3, 4
Manufacturing production indexes
2,3
Manufacturing production workers, employment, payrolls, hours, wages
11, 12, 13, 14, 15
Meats and meat packing
2, 5, 11, 12, 14, 29
Medical and personal care
5
Metals—
. 2, 3, 4, 6, 11, 12, 13,14,15, 18, 32, 33
Methanol
24
Milk
27
Minerals and mining
2, 3, 11, 13, 14, 15, 20
Monetary statistics
18
Money orders
8
Money supply
18
Mortgage loans
7, 15, 16, 17
Motor fuel
36
Motor vehicles
-_ 3,5,8,9,40
Motors, electrical
_
34
National income and product. _
1
National parks, visitors
23
Newspaper advertising
8
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2, 6, 11, 12, 13, 14, 22, 33
Oats
...
28
Oil burners
34
Oils and fats, greases
.
5,25,26
Oleomargarine
26
Operating businesses and business turn-over. _
4
Orders, new and unfilled, manufacturers'
4
Paint and paint materials
5,26
Panama Canal traffic
23
Paper and pulp___. 2, 3, 4, 6, 11, 12, 14, 15, 22, 36, 37
Paper and products
2, 3, 4, 6, 11, 12, 14, 15, 36, 37
Passports issued
23
Payrolls, indexes
12
Personal consumption expenditures
1,8
Personal income
1
Pages marked S
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
Plant and equipment expenditures
1
Plastics and resin materials
.
26
Plywood
31
Population
10
Pork
29
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumer price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
5,6
Printing and publishing
2, 3, 4, 11, 12, 14, 15, 37
Profits, corporation
1, 18
Public utilities-. 1, 6, 11, 13,14,15,17,18,19, 20, 26
Pullman Company
23
Pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radio and television
5, 7, 34
Railroads, employment, wages, financial statistics, operations, equipment
11,
12, 13, 14, 15, 17, 18, 19, 20, 22, 23, 40
Railways (local) and bus lines
11,13,14, 15
Rayon and rayon manufactures
2,39
Real estate
.
__ 7,16,17, 19
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Recreation
5
Refrigerators, electrical
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores
3, 4, 8, 9,10,11,13,14,15
Rice
28
Roofing and siding, asphalt
36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
6, 22,37
Rubber products industry, production index,
sales, inventories, employment, payrolls,
hours, earnings
2, 3, 4, 12, 14, 15
Rural sales
10
Rye
28
Saving, personal..
1
Savings deposits
16
Securities issued
18, 19
Services
4,5,8,11,13,14,15
Sewer pipe, clay
..
38
Sheep and lambs
29
Ship and boat building
11, 12, 13, 14
Shoes and other footwear
2, 8, 9, 12, 14, 15, 31
Shortening
26
Silk, imports, prices
,____
6,39
Silver
18
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 Inventories)
10
Stocks, dividends, listings, prices, sales, yields.
20
Stokers, mechanical
34
Stone, clay, and glass products
2,
3, 11,12, 13,14,38
Stoves
34
Sugar
22, 30
Sulfur
....
25
Sulfuric acid
24
Superphosphate
24
Tea
-
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 18, 19, 20, 23
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
2,3,4,5,6,8,11,12, 14,15,21,30
Tools, machine
34
Trade, retail and wholesale. 3, 4, 8, 9, 10, 11, 13, 14, 15
Transit lines, local
22
Transportation, commodity and passenger. _ 5, 22, 23
Transportation equipment.-- 2, 3, 4, 11, 12, 13,14, 40
Travel
23
Truck trailers
-40
Trucks
40
Turpentine and rosin__
24
Unemployment and compensation
10,13
United States Government bonds
16, 17,18, 19
United States Government
finance
16,17
Utilities
1, 5, 6, 11,13,14,15,17, 18,19, 20, 26
Vacuum cleaners
_.
34
Variety stores
8,9
Vegetable oils
25, 26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
—
23
Veterans' unemployment allowances
.13
Wages, factory and miscellaneous
13,14,15
Washers
„...
34
Water heaters
.
34
Wax
36
Wheat and wheat
flour
19,28
Wholesale price indexes
5,6
Wholesale trade
3, 4, 10, 11, 13, 14, 15
Wood pulp
36
Wool and wool manufactures
2, 6, 22, 39, 40
Zinc—
33
A REVIEW OF 1952
ana (Civilian
ANNUAL REVIEW NUMBER OF THE
SURVEY OF CURRENT BUSINESS
• National Income
and Product
• Price Developments
For quick over-all appraisal of the national economy in a
year of marked business adjustments this special Annual
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aid in considering today's business outlook,
• Domestic Trade
Forty pages of business statistics compiled from commercial
and governmental sources provide a month-by-month progress report—from January through December—on more
than 2,600 series including general business indicators, commodities, securities, trade, employment, and population.
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