Full text of Survey of Current Business : June 1955
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JUNE
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1955
SURVEY
OF
CURRENT
BUSINESS
No. 6
JUNE 1955
tenfo
DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
321 Post Office Bldg.
Log Angeles 15, Calif.
1031 S. Broadway
Atlanta 5, Ga.
50 Seventh St. NE.
Memphis 3, Tenn.
229 Federal Bldg.
Boston 9, Mass.
U.S. Post Office and
Courthouse Bldg.
Miami 32
Buffalo 3, N. Y.
117 ElHcott St.
PAGE
THE BUSINESS SITUATION..
Business Capital Outlays Advance.
The First Quarter Balance of Payments
*
*
1
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
3
5
Cheyenne, Wyo.
307 Federal Office Bldg.
*
*
*
*
NEW OR REVISED STATISTICAL SERIES
Manufacturers' Orders and Inventories by Stage
of Fabrication
21
*
*
New Orleans 12, La.
333 St. Charles Ave.
Chicago 6, 111.
226 W. Jackson Blvd.
442 U. S. Post Office
and Courthouse
Cleveland 14, Ohio
1100 Chester Ave.
Dallas 2, Tex.
1114 Commerce St.
Denver 2, Colo.
142 New Customhouse
Detroit 26, Mich.
230 W. Fort St.
HO E- 45th St.
Philadelphia 7, Pa.
1015 Chestnut St.
Phoenix, Ariz.
137 N. Second Ave.
Pittsburgh 22, Pa.
107 Sixth St.
Portland 4, Oreg.
520 SW. Morrison St.
Reno, Nev.
1479 Wells Ave.
Richmond 20, Va.
900 N. Lombardy St.
St. Louis 1, Mo.
1114 Market St.
El Paso, Tex.
Chamber of Commerce
Bldg.
Salt Lake City 1, Utah
222 SW. Temple St.
Houston 2, Tex.
430 Lamar Ave.
San Francisco 11, Calif.
555 Battery St.
Jacksonville 1, Fla.
311 W. Monroe St.
Savannah, Ga.
125-29 BullSt.
Kansas City 6, Mo.
911 Walnut St.
Seattle 4, Wash.
909 First Ave.
*
MONTHLY BUSINESS STATISTICS....S-1 to S-40
Statistical Index
Inside back cover
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretary. Office of Business Economics, M. JOSEPH MEEHAN, Director.
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Minneapolis 2, Minn.
2d Ave. South and
3d St.
New York 17, N. Y.
Cincinnati 2, Ohio
SPECIAL ARTICLE
Patterns of Recent Employment Changes Area—
and National
15
> Fla° NE- Firat Ave.
30
For local telephone listing, consult section
devoted to U. S. Government
JUNE 1955
aauon
By the Office of Business Economics
Plant and Equipment Expenditures
Businessmen schedule third quarter outlays
above second quarter and at 1953 peak rate
BILLIONS OF D O L L A R S
ANTICIPATED
30 -
*w%
20
10 -
1953
'
1954
1955
Q U A R T E R L Y TOTALS, SEASONALLY ADJUSTED, AT A N N U A L R A T E S
All major industries plan increases this spring
and summer
15
MANUFACTURING
AND MINING
10
'©
COMMERCIAL
AND OTHER
PUBLIC U T I L I T I E S
••©
TRANSPORTATION
© ANTICIPATED
I
1953
1954
I
I
I
1955
QUARTERLY TOTALS, SEASONALLY ADJUSTED,
AT ANNUAL RATES
D A T A : Q B E 8 SEC
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
345885°—55
1
55-31-1
RODUCTION and sales continue strong and in approximately equal volume, so that changes in the stocks of goods
held by producers and distributors have been small. Expansion of personal income and the associated growth of
consumer expenditures remain the basic factors underlying
the business advance. The rise in consumer demand under
way since last fall is being solidly reinforced by the upturn
in business purchases of plant and equipment, as businessmen step up their programs to increase productive capacity
and modernize plant.
These developments have been accompanied by a favorable trend of employment. In May total civilian employment expanded more than seasonally to 62.7 million, while
unemployment declined to 2% million from 3 million in April.
Employment in noiiagricultural establishments rose about
0.3 million between April and May on a seasonally adjusted
basis, bringing the May figure 1 million above the May 1954
count, although it was still below the 1953 peak. Employment increased appreciably from April in manufacturing
industries, construction, trade, and transportation and public utilities; other major groups registered nominal increases. The active demand for labor was also reflected in
an increase in the average factory workweek to 40.7 hours
in May, well above a year earlier and equal to May 1953.
Along with employment, the flow of personal income has
continued to rise. In April, personal income reached a seasonally adjusted annual rate of $295^ billion, at which point
it was 4 percent above a year earlier. The increase in income
from March to April as in most other recent months was primarily in manufacturing payrolls. In addition to employment expansion and the lengthening of hours, the steady
advance in wage rates, which continued in May, has contributed to the sustained uptrend in payrolls.
Retail trade active
Consumer demand has remained strong, with sales in most
lines appreciably higher than a year ago. Though the largest
rise has been in sales by automobile dealers, sales of other
durable-goods stores have been about 10 percent higher in
recent months than a year earlier. Nondurable-goods store
sales have also shown a strong trend with substantial increases reported by apparel stores and department stores.
Food store sales are moderately higher than a year ago, although no appreciable change has occurred in the past
several months on a seasonally-adjusted basis.
Total new construction activity in April and May was at a
slightly higher rate than in the 1st quarter on a seasonally
adjusted basis, and about 15 percent above the corresponding
period in 1954. Most of the increase throughout the past
year has occurred in residential building. Approximately
half of the nonfarm housing starts during this period have
been insured or guaranteed by the Government, with most
of the increase in financing occurring under VA-guaranteed
SURVEY OF CURRENT BUSINESS
loans. In recent months, however, nonresidential construction, led by commercial building but with all major groups
participating, has spurted ahead faster than residential.
The participation in the business recovery of durablegoods activity is indicated by the accompanying chart of
durable-goods manufacturers' new orders and sales. New
orders received in these industries during the first 4 months
of this year have been about one-third higher than in the
corresponding months of 1954. Shipments have also turned
up, and so far this year have averaged close to the new order
rate; hence the unfilled order backlog has been little changed
dining this period and remains below a year ago. A principal
exception to this pattern is the primary rnetals industry,
where new orders, exceeding the corresponding 1953 period,
have climbed substantially higher than sales.
In the machinery industries and in fabricated metals the
rise in new orders has been substantial and has been accompanied by an advance in shipments, but both are somewhat
below the highs reached in 1953.
June
of the steel and automobile and related industries continuec
to exert a major influence in the rise in manufacturing pro
duction, notwithstanding the general improvement that has
occurred in output in other lines. By March or April most
major manufacturing groups had virtually matched 01
exceeded their 1953 peak rates of output. Other industries
which had been lagging are now moving ahead. Among the
durable-goods industries, fabricated metals, machinery and
instruments, and furniture and fixtures are in this category
In mining, the coal industry has been staging a moderate
comeback. Output of 9.3 million tons in the last week oi
May was the highest since October 1953. The improvement
reflects the general increase in business activity but more
particularly strong demand from steel and coke plants and
the cement and electric power industries, which are major
consumers of coal. Producers of crude petroleum have
reduced operations from the peak April rate despite strong
demand. Stocks of refined petroleum products, while down
from the early months of this year, are still relatively high.
Autos and steel
The auto and steel industries continue to roll along at a
fast pace. With the aid of considerable overtime work,
motor vehicle assemblies in May totaled 850,000 units including 720,000 passenger cars and 130,000 trucks. This
was a daily average rate of 41,000 units and compares with
the peak April rate of 42,000. The total count for the
January-May period was an unprecedented 4.1 million units.
Consumer buying of new passenger cars has also continued
above earlier peaks. Since purchases have not quite kept
pace with the expanded supply, however, 7there has been a
further moderate accumulation in dealers stocks. Stocks
in mid-May reached a record total in units but amounted to
only slightly more than one month's sales at the advanced
April-May rate of deliveries.
With its largest customer setting production records, the
steel industry has been turning out more steel than ever before. Output in May reached 10.3 million tons of steel
ingots and steel for castings, and topped the previous
monthly record of 10.2 million tons reached in March 1953.
Operations in May averaged 96.5 percent of the rated capacity of 125.8 million tons a year in place at the beginning
of 1955. The current high rate of steel operations also reflects a widening of activity among many durable-goods
industries other than automotive.
Durable Goods Manufacturers'
Sales and New Orders
BILLIONS OF DOLLARS
16
I4 SALES
12
10
NEW ORDERS
® April
I
1953
Expansion in major household durables
I
1954
1955
MONTHLY AVERAGE FOR QUARTER, SEASONALLY ADJUSTED
U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
55
The improvement in machinery, and to some extent in the
other metals industries as well, is closely related to the
strong rise now under way in business investment
in plant
and equipment. The rise in manufacturers7 planned investment is depicted in the chart on page 1 and discussed in
a later section of this issue.
Industrial production large
Industrial production advanced further in May and
approximated the peak monthly rate of 1953. The May rise
reflected sustained or expanded operations in most manufacturing industries. Crude petroleum provided a major
exception to the upward movement. Strength in the output
Strong consumer buying, influenced by new product lines,
expanding replacement needs, and increased residential
building as well as by the high rate of personal income, has
been reflected in an increase since the turn of the year in
output of major household goods. The Federal Reserve
seasonally-adjusted production index of these goods advanced
to 140 in April (1947-49 = 100), up 8 percent from the fourth
quarter of 1954 and more than one-fifth from a year ago.
Most of the rise from the fourth quarter of 1954 through
April of this year was due to a substantial increase in production of major appliances, particularly refrigeration equipment. Output of furniture and floor coverings increased
moderately.
Production of television sets decreased 10 percent from the
high rate of the fourth quarter of 1954, while radio output
was approximately maintained, with a large volume going to
the automobile industry.
However, sales of television sets to consumers in the first 4
months of this year were at a new high for the period, up
nearly 10 percent over the year-ago volume. Radio sales
were up more moderately.
SURVEY OF CURRENT BUSINESS
June 1955
Stocks of television and radio sets, excluding auto radios,
at all stages of distribution on April 30 were only moderately
above year ago levels and substantially below peak holdings.
They were, however, roughly 900,000 above the combined
1954 year-end figure, with radios accounting for three-fifths
of the rise.
Retail dealers' stocks of television sets were actually lower
at the end of April than at the beginning of the year, so that
all of the accumulation occurred at the factory and distributors' level. A part of the addition represented holdings of
1956 models—which got into production somewhat earlier
than in former years—for delivery to dealers during the
summer months. It should be stressed that the television
market today is much larger than it was in earlier years.
Many more dealers have entered the field and therefore larger
overall stocks are required to meet the increased demand
generated by the addition of new reception areas since the
lifting of the TV station freeze in the spring of 1952.
Inventories of 5 major household appliances (refrigerators,
freezers, electric ranges, washers, and dryers), while up from
the year-end—which is usually the seasonal low point of the
year—were in general not high in relation to the current
rate of retail sales. The aggregate stocks of these appliances
held by factories and distributors at the end of April were
still below the peak holdings of the same period a year ago, a
month when high inventories are normally carried in anticipation of the active buying season of the summer months.
In 1954, for example, both output and sales turned upward
after April.
Business Capital Outlays Advance
THE gradually declining trend in fixed business investment
of the past year and a half is now undergoing a sharp reversal. Investment plans recently reported by business to the
Office of Business Economics and Securities and Exchange
Commission indicate a pronounced spurt in capital expenditures after the first quarter of this year, with all major
industry divisions participating in the advance. Businessmen in the aggregate are planning to spend as much on new
plant and equipment this summer as they did in the record
third quarter of 1953. Total outlays are expected to reach
a seasonally adjusted annual rate of $27.9 billion in the
second quarter and $28.8 billion in the third, as compared
with a rate of $25.6 billion in the first three months of 1955.
Increases of 15 percent or more in the seasonally adjusted
rates of capital expenditure from the first to third quarter
are being planned by public utilities, railroads, and mining
companies; manufacturing, nonrail transportation, and commercial companies have scheduled rises of about 10 percent.
Plans of mining, manufacturing and nonrail transportation
companies indicate that the projected dollar advances from
the second to the third quarter will be smaller than those
from the first to the second. In the case of the other three
major industries the absolute increases are roughly the same
size over the 2 periods.
The extent of the recent downward adjustments in plant
and equipment expenditures and the broad industrial
character of the anticipated recovery are shown in the
following table:
Percent Changes in Plant and Equipment Expenditures
(Seasonally Adjusted)
Third quarter
1958 to first
quarter 1955
First quarter
1955 to third
quarter 1955
(anticipated')
Total
-11
12
Manufacturing. _.
Durable
Nondurable _
-15
-15
-15
11
13
10
Mining
-22
19
Railroad
-43
16
Transportation, other than rail.
-12
11
Public utilities
-17
19
Commercial and other
5
10
Actual expenditures in the first quarter were $0.4 billion
lower—at seasonally adjusted annual rates—than antici
pated by business in the survey 3 months ago. An equal
amount appears to have been added to programs in the
current quarter. Virtually every major industry participated
in the first and second quarter adjustments.
An increase of almost 9 percent is now scheduled from the
first to the second quarter. If attained, this would constitute
the largest quarter-to-quarter rise since the early months
of the Korean mobilization period.
If current programs materialize, expenditures for the first
three quarters will be at a seasonally adjusted annual rate
of about $27.5 billion. This is approximately 2 percent
higher than the rate in the corresponding period of 1954,
and exceeds by a similar amount the total projected by
business for the full year 1955 and reported in the March
survey. While anticipated outlays by the railroads, manufacturing and mining companies for the 9 months of this
year are somewhat below the 1954 average, by the third
quarter investment by all major industry divisions except
mining is expected to be higher than in the corresponding
quarter of last year.
The continued increase in planned investment may be
traced in part to the very favorable economic conditions that
have characterized recent months. Business sales thus far
this year have been rising on a wide front; manufacturers'
sales in the first 4 months were 7 percent higher than in the
first 4 months of 1954 while retail sales were up by 8 percent.
New orders of manufacturers have risen fairly steadily
since last fall to near peak rates, and backlogs have also
increased over the same period. Preliminary indications
are that first quarter corporate earnings were quite good, and
depreciation charges have continued to rise.
Manufacturers increase investment
The scheduled increases reported by manufacturing firms
in the latest survey would put total manufacturing plant and
equipment expenditures at a seasonally adjusted annual rate
of $11.3 billion in the third quarter. This is more than a
billion higher than the first quarter 1955 rate, which marks
the low point in the recent decline. Anticipated investment
in the durable goods field, where the downward adjustment
began as early as the first quarter of 1953 and was somewhat
longer and relatively greater than in nondurable goods,
shows advances in both the second and third quarters.
Seasonally adjusted outlays by nondurable producers show a
marked rise to the second quarter but level off in the third.
SUEVEY OF CUEEENT BUSINESS
In the durable goods area, the primary metals producers,
operating at or close to peak rates, have been stepping up
expenditures since the end of 1954, following a 2-year decline.
Automobile producers7 capital budgets, after a brief reduction in capital outlays, show increases after the first quarter.
Producers of machinery and transportation equipment other
than motor vehicles also have raised expenditures considerably while companies producing stone, clay, and glass and
electrical machinery indicate somewhat smaller relative increases after the first quarter.
In the nondurable goods field, capital spending by petroleum companies is scheduled at $2 billion in the first nine
months, a total larger than that invested in the comparable
period of any prior year. Capital budgets of paper companies are also quite strong, while expenditures by the chemicals industry are rebounding sharply this spring and summer
following an investment decline of almost two years. Not
much change in outlays after the first quarter is being
scheduled by the food, beverage and textile industries.
June 1955
Nonmanufacturing investment
The prospective sharp rise in capital outlays that public
utilities have just reported—from a seasonally adjusted
annual rate of $4.0 billion in the first to $4.8 billion in the
third quarter—is a result of a slight increase by the electric
companies and extremely large advances by gas utilities.
Outlays by the latter group were generally downward
through 1954 but plans for new pipelines recently authorized
by the Federal Power Commission are expected to bring
spending in the third quarter up to a record rate. Anticipated outlays of electric utilities are reversing the moderate downward trend from the third quarter of 1953 to the
first 3 months of this year.
The figures reported by the railroads indicate a continuing
pickup in rail investment in the first nine months of this
year. Eealization of plans in this area would involve an
increase of 15 percent over the seasonally adjusted rate of
outlays in the fourth quarter of 1954, the low point in recent
Table 1.—Expenditures on New Plant and Equipment by United States Business,1 1952-55
[Millions of dollars]
1955
1954
1952
1953
1954
Apr.June
Jan.Mar.
Manufacturing
Durable-goods industries
Primary iron and steel
Primary nonferrous metals
Electrical machinery and equipment.. _ _
Machinery except electrical
Motor vehicles and equipment- _ _
_._
_ _ _.
Transportation equipment excluding motor vehicles
Stone, clay, and glass3 products
Other durable goods
Nondurable-goods industries
_ _ _
Food and beverages
Textile mill products.
_
Paper and allied products
Chemicals and allied products _ _ _ _ _
.
.
_
._
Petroleum and coal products. . _ _ _ _ _ _ _
Rubber products
Other nondurable goods 4 _. _
JulySept.
Oct.Dec.
Jan.Mar.
Apr.June 2
JulySept.2
11, 632
11, 908
11,038
2,569
2,859
2,645
2,965
2,249
2, 953
2,833
5,614
5,648
5,091
1,201
1,309
1,207
1,373
1,063
1,343
1,338
1,511
512
386
701
855
1,210
412
475
797
754
246
439
694
190
69
95
160
200
69
110
171
169
53
102
165
195
55
132
198
154
41
89
158
212
58
115
209
206
66
110
200
1 1,169
1,486
321
402
383
379
272
211
330
1,107
348
384
346
1,239
361
1,110
78
288
88
269
80
255
115
298
88
260
108
292
99
272
6,018
6,260
5,948
1,368
1,550
1,438
1,592
1,186
1,610
1,495
769
434
364
1,386
812
378
409
1,428
765
331
455
1,130
197
81
104
309
204
88
117
292
184
75
111
252
180
86
124
277
170
77
92
231
169
82
122
296
161
72
120
303
2,535
154
377
2,668
161
404
2,684
131
451
530
32
115
696
35
118
682
29
104
776
35
114
490
30
96
802
33
106
698
38
102
Mining _
985
986
975
219
261
251
244
186
239
230
Railroads
1,396
1,311
854
250
245
179
180
179
232
209
Transportation, other than rail
1,500
1,565
1,512
384
375
374
379
359
414
392
Public Utilities..
3,887
4,552
4,219
929
1,121
1,060
1,109
845
1,185
1,279
1 ,916
2,071
2,133
2,110
2,030
2,302
2,278
6,266
6,932
6,640
6,988
5,847
7,324
7,220
Commu nica tions
Commercial and other
1,537
1,690
1,717
5,557
6,310
6,513
26 ,493
28 ,322
26,827
I
8
Total
Seasonally Adjusted at Annual Rates
[Billions of dollars]
Manufacturing
Durable
Nondurable
_.
_ _
_ _
Mining
Railroads
Transportation, other than rail
Public Utilities
Commercial and others 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 late
April and May 1955. The seasonally adjusted data include in addition to a seasonal correction, an adjustment, when necessary, for systematic tendencies in anticipatory data.
3. Includes fabricated metal products, lumber products, furniture and fixtures, instruments, ordnance, and miscellaneous manufactures.
11.62
5.40
6.22
11.09
5.18
5.90
10.98
5.06
5.93
10.58
4.80
5.79
10.17
4.78
5.39
11.22
5.21
6.01
11.30
5.38
5.92
.94
1.04
1.57
4.33
7.97
1.04
.91
1.44
4.37
8.07
1.00
.80
1.51
4.12
8.42
.91
.68
1.53
4.01
8.46
.80
.74
1.46
4.01
8.46
.94
.80
1.58
4.37
8.96
.95
.86
1.62
4.77
9.34
27.46
26.92
26.84
26.18
25.65
27.86
28.83
4. Includes apparel and related products, tobacco, leather and leather products, and printing and publishing.
5. Annual figures for 1952-54 include trade, service, finance, and construction. Quarterly
data for 1954 and 1955 also include communications.
Source: U. S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
SUEVEY OF CUKBENT BUSINESS
June 1955
railroad investment. Outlays in the first nine months will
be more than 10 percent below those made in the corresponding period last year, however.
A comparison with 1954 reveals that the proportion of
railroad outlays devoted to construction in the first three
quarters is up to 38 percent, as compared with 35 percent
last year, while there is a corresponding reduction in the
proportion of equipment purchases. It may be noted, however, that by the third quarter scheduled equipment outlays
are expected to be somewhat higher than actual equipment
expenditures in the corresponding quarters of 1954. In
recent months unfilled orders of locomotives and freight
cars have been exceeding year-ago levels, though they are
still quite low compared to most postwar periods.
Nonrail transportation investment, which held up quite
well during the decline in total investment in 1954, now
shows a seasonally adjusted increase of 10 percent from the
first to the third quarter of 1955. This group, which includes
the rapidly growing air lines and trucking industries, at
present accounts for about 65 percent of total investment by
all forms of transportation, in contrast to an average of just
over 50 percent in the period 1945-53.
The steady upward trend in investment by commercial
companies under way since the second quarter of 1952 is still
progressing. The seasonally adjusted annual rate of expenditures is expected to rise from $8.5 billion in the first quarter
1955 to $9.3 billion in the third. Plans are quite buoyant
among most kinds of retail business, and among chains as
well as independent stores.
The First Quarter Balance of Payments
FIRST quarter international transactions indicate a basic
improvement in the dollar position of foreign countries.
This was mainly the result of the rise in business activity
in this country. Payments to foreign countries (omitting
grants in the form of military supplies and services) resulting
from all transactions except short- and medium-term bank
and commercial credits increased to $5.1 billion in the first
quarter from $4.9 billion in the last, quarter of 1954. On the
other hand, foreign expenditures on United States goods and
services, and repayments of long-term debts to United States
creditors other than banks declined during the same period
from $5.1 to $4.8 billion.
However, changes in the movement of United States shortand medium-term bank and commercial credits prevented this
improvement from being reflected in the rise in foreign gold
and dollar assets.
of individuals and corporations other than banks. For the
first time in about three years, the foreign transactions of the
United States did not result in a rise of gold and dollar assets
(including United States Government securities) held by
foreign official institutions and banks.
During 1954 the expansion in commercial and banking
eredits largely compensated the decline in foreign dollar
receipts from United States imports of goods and services
and Government grants and loans. Conversely, the contraction in these credits during the early part of 1955 counteracted the expansion in other foreign expenditures by the
United States.
Increase in
foreign
gold and
dollar
assets
through
transactions with
the U. S.
Outflow of U. S. short-term funds reversed
During the fourth quarter of last year foreign countries
obtained large amounts of bank and commercial credits which
facilitated a $400 million rise in foreign gold and dollar
assets through transactions with the United States. During
the first quarter, however, the net flow of short- and mediumterm United States funds was reversed as a result of large
repayments of credits extended earlier. As a result, the
rise in foreign gold and dollar assets through transactions
with the United States dropped to about $130 million, the
lowest amount since the first quarter of 1952.
If the changes in short- and medium-term dollar liabilities
by foreign countries are netted out against the rise in foreign
gold and dollar assets, it becomes obvious that the net dollar
position of foreign countries improved during the first
quarter, reflecting the rise in foreign dollar receipts and the
decline in expenditures. The data also show that net foreign
gold and dollar accumulations through transactions with the
United States during 1954 were smaller than the rise in
gross foreign gold and dollar assets, and that the low point
was reached toward the end of the year.
The following tabulation indicates the changes in both
gross and net gold and dollar assets of foreign countries
through their transactions with the United States:
The increase in foreign-held gross dollar assets during the
first quarter of 1955 consisted of long- and short-term assets
Increase in
foreign
liabilities
to U. S.
banks and
commercial
enterprises
Increase in
net foreign
assets
through
transactions with
the U. S.
[Millions of dollars]
1954: First quarter _ _ _
Second quarter.
Third quarterFourth quarter.
499
261
603
394
-22
87
268
416
521
174
335
-22
1955: First quarter
132
-S
220
The movement of United States commercial credits acted
as a stabilizing element in the expansion of production and
trade in Europe. Rising dollar reserves facilitated an
expansion of trade and production in 1954, when expenditures by the United States declined. In the early part of
the current year the return flow of short-term funds limited
the rise in foreign monetary reserves. This may have contributed to the tightening of credits in some foreign countries at
the time when the business upswing in the United States
came into full force and reduced the dangers of inflationary
price rises.
United States bank credits to Latin America continued
to expand during the first quarter of 1955 but the outflow
of funds declined from about $180 million during the fourth
quarter of 1954 to about $40 million. The decline to the
coffee producing countries was particularly pronounced and
accentuated the decline in their ability to import.
The third major factor in the change of the flow of United
States short-term capital was the repayment by France of
SUEVEY OF CUEEENT BUSINESS
6
June 1955
Table 2.—Balance of payments of the United States by area, first quarter 1955
p
[Millions of dollars]
Line
All
areas
Item
1 Exports of goods and services, total
5,098
2
3
4
Military transfers
under grants, total
Supplies1
Services, including freight
.
5
Other goods and services, total _
6
7
8
9
10
11
12
13
14
15
4,646
Merchandise, adjusted, excluding military transactions
Transportation
Travel
Miscellaneous services:
Private
Government, exluding military transactions
Military transactions
Income on investments:
Private
Government ---
Balance on goods and services __ .
1,021
Unilateral transfers, net [to foreign countries (— )], total- _ -1,191
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
Private remittances .__
Government:
Military supplies and services 1
Other grants
Pensions and other transfers _ _ .
__
_ _ _
__
_ __
United States capital, net [outflow of funds (—)], total--Private, net, total- _
Direct investments
Portfolio
Short-term
Government, net, total
Long-term capital, outflow
Repayments _
_ __
Short-term (net)
_
.
Foreign capital, net [outflow of funds (— )], total
Direct and long-term portfolio investments other than
United States Government securities
Transactions in United States Government securities _
Short-term liabilities to foreign banks and official institutions
Other short-term liabilities
43
Gold sales [purchases (—)]
44
Foreign capital and gold, total
45
Transfers of funds between foreign areas [receipts by foreign areas ( — ) ] and errors and omissions - . .
_..
77
23
391
94
16
71
10
498
n. s. s.
n. s. s.
n. s. s.
775
360
16
101
298
561
53
6
239
31
3
15
1
60
5
1
247
16
2
2
(«)
(•)
10
3
4
33
00
15
1
n. s. s.
11
1
98
(«)
184
6
98
5
4
81
1
33
322
14
698
704
4
732
370
(•>
11
152
199
257
5
18
13
578
18
27
897
56
68
465
49
7
1
428
55
26
138
36
6
4
1
1
119
3
16
167
15
3
16
00
39
20
17
5
3
10
169
1
65
5
110
65
2
81
.
1
12
2
12
17
3
4
1
2
41
2
40
2
2
39
(')
1
(*)
1
(*)
-147
1,127
15
938
1,068
1
(')
(•)
11
99
-54
-10
-3
-5
-7
n. s. s. n. s. s. n. s. s. n. s. s.
— 9~
-90
-42
(•)
-1
-1
0)
(•)
7
57
51
0
n. s. s.
-47
(•)
-6
1
-11
-34
-3
-11
-14
-2
-118
-228
-32
-26
-2
-55
-26
-74
64
-16
(•)
-18
-19
25
-24
-37
-17
5
-25
7
-20
41
13
59
-71
63
67
-79
-45
70
-104
82
-28
61
49
-41
-7
41
-75
11
11
(*)
0
2
(I)
102
169
60
168
66
36
<•)
(«)
-1
(•>
2
2
(*)
(«)
30
38
132
207
2
58
-28
144
43
-116
-25
8
(•)
(«)
-141
-56
80
52
57
53
00 *
1
12
26
2
14
4
8
35
8
35
(«)
(•)
2
(•)
2
-4
-9
(•)
2
(«)
352
3
39
-94
58
-5
-21
20
-4
2
8
(»)
(«)
10
-24
92
-181
-28
-138
44
-5
19
-146
-71
39
25
00
(«)
0
-6
-3
-1
(*)
1
-51
-7
-63
w
5
-38
-323
-323
-9
8
-3
245
2
-412
52
2
(•)
-10
-4
70
64
5
4
(")
-53
-8
-117
about $100 million still outstanding on a 1950 bank loan.
This repayment was facilitated by large United States disbursements for military purchases and aid to compensate
for French expenditures in Vietnam. In addition, France
succeeded in improving its balance of payments with countries other than the United States which eliminated the
need for making dollar payments to them in settlement of
French deficits.
The changes from the fourth quarter of 1954 to the first
quarter of 1955 in the net gold and dollar accruals to foreign
countries are not fully consistent with the recorded increase
in foreign dollar receipts and the decline in foreign expendi-
>n. s. s.
298
27
10
10
C)
v Preliminary.
(z) Less than $500,000.
N. s. s. Not shown separately.
1. Includes loans and returns of military equipment.
Source: U. S. Department of Commerce, Office of Business Economics.
101
41
5
2
35
38
29
16
22
1
24
1
(•)
-452
—576
-46
192
66
360
719
64
5
(•)
3
-718
775
778
79
32
(*)
116
54
643
Other
countries
714
21
63
55
36
548
111
36
15
118
110
8
DeUnited Other
King- Europe penddom
encies
4
125
11
1
1,267
1,056
Total
943
474
48
2,759
239
156
1,138
Sterling area
6
175
8
23
_
1,442
85
15
10
24
943
11
10
1
190
31
46
21
22
6
175
323
300
23
3,443
1,103
305 130
109
8
4,077
18
19
20
1,765
452
420
32
Imports of goods and services, total
Merchandise adjusted, excluding military expenditures
Transportation
_ _ _ _ _ _ _
Travel
Miscellaneous services:
Private
Government, excluding military expenditures
Military expenditures
Income on investments:
Private
Government
_ _ _ _ _
16
17
InterWestern
West- European
Latin All other national
Eastern
ern
Europe Canada American
countries instituEurope dependRepublics
tions
encies
7
00
73
-13
23
63
-22
-14
2
-10
63
-2
3
62
-6
00
<«)
-6
(•)
(*)
48
-6
20
-1
11
4
(•)
-63
80
56
(•)
57
(•)
53
33
35
-65
-35
-47
€w i
2
-1
(*)
-2
11
-11
20
2
-17
-14
1
-4
3
(•)
(«)
-7
10
(«)
1
3
56
-42
NOTE. Revised data for 1953 and 1954may be found on pp. 8-13 of this issue, and data for
previous years in the BALANCE OF PAYMENTS 1919-53 supplement to the SURVEY OF
CURRENT BUSINESS. Net foreign investment equals the balance on goods, services and
unilateral transfers for all areas: 1955 I: —170.
tures from other transactions. This is indicated by a nearly
$300 million shift in the "errors and omissions'' from a
relatively large negative figure in the fourth quarter to a
small positive entry in the first.1
1. A negative discrepancy indicating an overstatement of inflows or an understatement of
outflows has also occurred in the fourth quarters of previous years and may be due to the
recording of receipts of funds during the fourth quarter while the corresponding payments
occurred earlier in the year, particularly the third quarter. However, the relatively high
amount of the statistical discrepancy for the fourth quarter of 1954 may also indicate unrecorded capital outflows, including commercial credits to finance the large increase of exports
during that period.
Missing inflows of funds, as during the first quarter of 1955, are more usual in the balance
of payments of the United States and represent mostly receipts from the sale of services for
which data have so far not been collected. In addition to such receipts on these recurring
transactions, about $20-$25 million of exports were not included hi the official trade statistics
for technical reasons. Unrecorded net movements of capital were apparently relatively
small.
SURVEY OF CURRENT BUSINESS
June 1955
Merchandise imports expand
The rise in payments to foreign countries from $4.9 billion
in the last quarter of 1954 to $5.1 billion in the first quarter
of 1955 resulted mainly from higher merchandise imports,
higher Government grants and Government short-term
credits to finance the exports of agricultural products.
Merchandise imports increased by nearly $200 million over
the fourth quarter of last year. About half of the rise consisted of foodstuffs, particularly sugar and to a lesser extent
tea, cocoa and cattle. Imports of sugar were about as high
as a year ago, and the rise from the previous quarter was
mainly seasonal.
The other half of the rise in total import values was contributed mainly by raw materials such as petroleum, rubber,
wool, copper, hides and furs, and fertilizers. Import values
of these products not only exceeded those during the preceding quarter but, except for fertilizers, also those of the
first quarter of last year. Imports of lumber, while slightly
lower than during the fourth quarter, were nearly 60 percent
more than a year earlier. The rise reflects the increased
domestic requirements resulting from higher business activity. For some commodities the higher values were also
affected by higher prices.
At the same time, however, higher prices resulting from the
high demand in the rest of the world reduced the effects of
the domestic business expansion upon imports of some commodities. In the case of rubber and copper, at least, most
of the increase in domestic demand was met from domestically
produced materials as is shown by the following tabulation.
Rubber
Copper
First quarter
First quarter
1954
World price
Domestic price
Total United States consumption in 1,000 tons
Domestic consumption
Imports, net
*Price in United Kingdom.
1955
1954
20. 2 33. 1 *29. 0
24. 1 24. 1 30. 0
1955
*41. 8
32.0
303
379
294
373
166
138
216
163
265
70
314
68
Consumption of imported wool was about 20 percent above
the first quarter of last year, somewhat more than consumption of domestically produced wool which apparently absorbed most of the domestic output. Compared with 1952
and 1953, however, the use of imported wool has dropped
while that of domestic wool has increased.
Imported wool has to compete not only with domestic
wool but also with chemically produced fibers. These have
increased in use substantially more than wool since last year
and have contributed to the declining trend in wool imports
relative to national income.
The recent rise of domestic and decline of world prices
for copper, the low stock positions for co pper, zinc, lead
lumber, newsprint, and other raw materials, and both the
anticipated seasonal and longer run rise in imports of iron ore
suggest that the rise in domestic business activity is not
yet fully reflected in imports of those goods which are immediately affected by rising industrial production and construction. If foreign supplies are available to meet this
additional demand, a further rise in imports of these materials is likely to occur.
Rising business activity and incomes in the United States
have also stimulated imports of finished manufactures, such
as machinery, automobiles and parts, and photographic
goods and miscellaneous consumer goods. Purchases of
most of these commodities during the first quarter have been
higher than during the corresponding period of any previous
year. However, the total of such imports during the quarter
was still less than $300 million.
In contrast to the expansion of imports of most major
items, imports of coffee were about $100 million less than
during the first quarter of last year, although average
import unit values were still slightly higher. Although
the use of coffee has declined as a result of changed consumption patterns following last year's rise in prices, there
are also indications that imports were postponed as long as
prices were expected to decline, and withdrawals from inventories gould meet the current demand. In the longer
run, however, imports will have to increase to cover the
current rate of consumption, even if inventories are not
rebuilt until coffee prices become more stable.
Travel expenditures were apparently somewhat higher than
during the corresponding season of last year. Military cash
expenditures abroad continued at the annual rate of about
$2.6 billion as higher purchases of goods for transfer to
allied countries under military aid programs offset reductions
in other expenditures.
Rise in Government grants
Government grants other than those in the form of military
supplies and services have continued the rise in progress
since the third quarter of 1954.
The principal factors contributing to the reversal of the
declining trend which prevailed with little interruption from
the middle of 1949 to the middle of 1954 were the payments
to support military budgets of allied nations, the stepped up
disposal of agricultural commodities, and increased aid to
various countries in the Middle and Far East.
During the first quarter of this year, military budget supports amounted to $243 million, compared with $125 million
in the fourth quarter of last year. Of the first quarter total,
$152 million was paid to France, $60 million to Vietnam, and
$27 million to the United Kingdom. On the basis of available appropriations, it appears that the first quarter rate of
disbursements to France cannot be sustained and such aid is,
therefore, likely to decline again.
The value of agricultural goods exported from Government
stocks and distributed abroad by private relief organizations
rose from $16 million in the fourth quarter to $50 million in
the first, but Government shipments under emergency
relief programs declined slightly. Aid to Europe, other than
military budget supports, was largely concentrated in
Southern Europe. Aid programs in other countries were
near completion.
Private capital outflow smaller
The outflow of private capital, which was a very important
factor in sustaining foreign dollar receipts during the period
of lower imports by the United States in 1954, was considerably smaller during the first quarter of 1955 partly
because of the rise in interest rates in this country which
reflected the increased demands upon domestic capital
resources. The changes in the movements of long- and
short-term bank and commercial loans have already been
discussed.
New issues of foreign securities included Canadian issues
as well as a European issue. Purchases of European stocks
(Text continued on page 14)
SURVEY OF CURRENT BUSINESS
8
June 1955
Table 3.—Balance of Payments of the United States, Annual
[Millions of dollars]
19 53
Line
1953
1 Exports of goods and services, total _
1953
19 54
1954
I
II
III
IV
I
II
III
IV
All
areas
Western
EastWest- Euroern Canada
ern
pean
Europe depend- Europe
encies
21,215
20, 896
5,367
5,726
4,887
5,235
4,771
5,688
4,854
5,583
21,215
7,739
4,251
4,063
188
3,132
2,947
185
1,281
1,232
49
1,373
1,312
61
803
767
36
794
752
42
817
774
43
1,002
944
58
706
657
49
607
572
35
4,251
4,063
188
3,440
3,288
152
16, 964
12, 245
17, 764
12, 707
4,086
2,979
4,353
3,168
4,084
2,918
4,441
3,180
3,954
2,821
4,686
3,478
4,148
2,907
4,976
3,501
16, 964
12, 245
4,299
2,983
699
500
Transportation:
Freight ._
Other .
Travel
563
668
527
556
666
538
145
153
106
144
170
145
139
179
167
135
166
109
135
157
103
142
172
141
134
168
174
145
169
120
563
668
527
133
366
41
37
3
9
(*)
10
11
12
Miscellaneous services:
Private
Government excl. military—
Military transactions
731
172
192
816
136
179
182
45
71
179
52
43
178
40
42
192
35
36
189
40
47
194
34
42
181
31
52
252
31
38
731
172
192
294
74
21
16
1
(«)
13
14
15
Income on investments:
Direct investments.Other private
Government
1,398
216
252
1,665
229
272
314
58
33
374
48
30
294
59
68
416
51
121
363
52
47
388
58
37
374
57
70
540
62
118
1,398
216
252
143
42
202
131
2
5
208
128
(*)
16, 467
10, 954
15,872
10, 304
4,002
2,797
4,262
2,882
4.251
2,679
3,952
2,596
3,750
2,518
4,220
2,754
4,008
2,457
3,894
2,575
16,467
10, 954
4,861
2,278
1,128
909
39
36
3,148
2,420
437
622
895
387
614
958
103
141
140
114
173
238
117
173
362
103
135
155
93
130
147
97
175
260
99
169
383
98
140
168
437
622
895
241
282
293
23
54
321
276
2,512
347
248
2,595
83
72
565
79
65
605
78
84
659
81
55
683
87
52
622
84
57
685
86
81
637
90
58
651
321
276
2,512
228
95
1,171
364
86
360
59
81
20
86
20
76
23
121
23
86
15
94
14
82
14
98
16
364
86
238
35
2
4
4,748
5,024
1,365
1,464
636
1,283
1,021
1,468
846
1,689
4,748
2,878
-429
2
3
4
Military transfers under grants,2 net, total
Supplies
Services, including freight
5
6
Other goods and services, total ..
Merchandise, adjusted, excl. military
7
8
9
16
17
_. _
Imports of goods and services, total _
_
Merchandise adjusted (excluding military)
18
19
20
Transportation :
Freight. _ _ _ _ _ _ _
Other
Travel
21
22
23
Miscellaneous services:
Private
Government (excluding military)
Military expenditures
_ _ __ _
24
25
Income on investments:
Private
Government
__
26
Balance on goods and services _ _ _
27
Unilateral transfers, net, [to foreign countries (— )]
total
Private remittances
28
29
30
31
32
United States capital, net, [outflow of funds (-)],
total.
Private net total
Direct investments, net
New issues
Redemptions
Other long-term, net
Short-term, net
39
40
41
42
Government, net, total
Long-term capital, outflow
Repayments
Short-term net
44
45
46
47
__
Government:
Military supplies and services _ _
Other grants
__
__
Pensions and other transfers
33
34
35
36
37
38
43
_
__
__
48
Gold sales [purchases (— )]
_ _
49
Foreign capital and gold, total
50
Errors and omissions and transfer of funds between
foreign areas [receipts by foreign areas (— )], net.
6
130
4
2
1
-1,528
-218
-716
487
11
-181
23
-794
-435
—31
-817 -1, 002
-346
-400
—32
—32
-706
-382
—30
-607 -4, 251 —3, 440
-450 -1,831 -1, 138
—141
—27
—34
(x)
—1
-189
-240
-187
-399
-302
-640
-587
284
-89
— 196
-176
—100
25
40
15
58
-230
—24
86
136
90
— 12
-182
6
12
105
59
—219
-133
140
16
35
3
309
-129
—226
19
-14
41
—375
-289
—34
48
35
-135
305
-118
—17
41
43
-254
—632
-225
—32
16
-104
-287
—369
-721
—270
139
316
167
130
-51
—85
-82
8
199
-26
2
-5
93
-306
507
— 108
15
-65
93
— 13
-35
-196
139
22
-177
-286
105
4
-21
-169
150
-2
122
-54
151
25
-24
-61
103
-66
3
-65
123
—55
-8
-126
130
— 12
-218
-716
487
11
154
-172
337
—11
-4
-12
9
—1
1,459
114
300
450
241
443
253
439
324
1,105
1,040
-36
29
4
192
109
18
-12
911
-8
—2
(*)
-803
-388
33
92
2
114
47
47
282
(*)
(«)
4,062
3, 119
42
50
307
-4, 251 -3,132 -1,281 -1,373
-1,831 -1,578
-485
-523
—41
—141
— 128
—36
3
o
—9
5
-380
—375
-387
—203
108
94
13
(x)
(x)
5
5
-5
-6
1
(x)
(x)
-2
-98
-2
-82
-140
206
225
68
12
84
42
10
69
84
62
206
119
-82
1,021
8
1,234
26
31
18
333
-118
449
-8
208
16
364
55
146
62
253
-125
471
-82
1,021
-22
979
(*)
-34
-40
-8
-11
-63
35
-1
53
-17
40
-84
-40
-36
-2
58
1,161
298
603
128
301
129
56
8
164
70
1,161
1,026
13
-2
717
428
751
370
499
261
603
394
2,266
2,066
-23
-2
-100
18
142
141
-28
25
164
75
-227
273
-380
564
32
-423
2,266
273
1,757
37
(*) Less than $500,000.
n. s. s. Not shown separately.
1. Beginning with 1954 the Federation of Rhodesia and Nyasaland was excluded from De-
(*)
27
18
-23
—15
-587
4,059
-3
—3
-23
—22
Foreign capital, net, [outflow of funds (— )], total- . 1,105
Direct and long-term portfolio investments
other than U. S. Government securities.
Transactions in U. S. Government securities
Short-term liabilities to foreign banks and
official institutions.
Other short-term liabilities
27
-6, 700 -5, 290 -1,919 -2, 057 -1,339 -1,385 -1,358 -1,494 -1,222 -1,216 -6, 700 -4,848
—115
—477
—114
—125
—125
—109
—243
—477
—104
—452
— 117
—120
—369 — 1,621
—721
—761
—309
—270
139
124
316
-40
-635
167
__
699
pendencies and included in "All other countries."
2. Includes loans and returns of military equipment.
66
SUKVEY OF CURRENT BUSINESS
June 1055
9
by Quarters and Annual by Areas, 1953-54, Revised
[Millions of dollars]
1954
1953— Continue'!
Latin
American
Republics
4,352
4,270
35
33
2
779
745
34
4, 317
3,039
3,491
2,578
164
159
138
187
90
32
169
25
12
108
70
45
570
17
24
346
16
19
Is
4, 238
3, 570
3 008
1,741
45
84
177
239
65
93
27
46
78
27
18
62
991
11
6
114
All
Total
69
2,565
Other
countries
areas
383
966
20, 896
7,269
2, 312
2,167
145
United Other
DependKingdom Europe encies
1,153
63
WestLatin
ern
AmeriWestEuro- Eastern
ern
Canada can
pean
RepubEurope depend- Europe
lics
encies i
702
3,830
4,695
4,295
47
43
4
773
737
36
3,830
2,850
4,648
3,312
3,522
2, 542
43
46
311
167
144
144
166
89
26
101
2
107
163
24
11
115
38
39
75
ii
2,810
1,738
1,342
712
50
45
384
214
1,034
767
5
6
90
137
36
26
113
18
(*)
21
2
7
43
20
11
7
8
9
291
24
17
235
11
1
n
11
(')
(*)
45
13
16
10
11
12
344
30
103
109
25
92
129
106
3
8
13
14
15
2,691
1,522
1,442
501
47
14
546
429
656
578
16
17
62
146
135
59
113
66
13
53
3
16
11
18
19
20
219
23
429
217
8
329
2
11
33
21
22
23
9
148
7
142
7
2
24
25
1,641
34
119
-100
3
-162
378
26
-138 -1,461
-135
-47
-60
-309
-95
-197
-42
-17
-14
-20
-19
-75
-20
27
28
nss
-54
-1
29
30
31
1,153
616
63
56
383
220
966
718
17, 764
12, 707
4,957
3, 483
702
488
98
127
35
23
103
15
1
2
(«)
17
2
7
57
20
13
556
666
538
137
382
48
43
5
9
233
27
28
175
12
2
(-)
(*)
13
1
45
14
26
816
136
179
375
72
22
274
29
104
90
24
93
(*)
(*)
123
61
1, 665
229
272
185
46
207
143
1
10
236
133
1
630
21
32
471
15
21
14
7
2,697
1,704
1,324
544
40
13
659
547
674
600
15, 872
10, 304
4,957
2,024
1, 063
845
45
42
3, 034
2,341
4,078
3,434
2, 654
1,614
41
4
69
149
121
65
114
57
1
3
6
14
48
3
18
10
387
614
958
211
284
344
23
60
40
48
284
82
161
244
54
98
26
29
189
29
292
185
10
210
(*)
4
44
4
14
22
347
248
2, 595
261
95
1,456
28
3
192
48
67
24
10
46
799
4
7
16
133
11
129
10
(*)
2
2
1
360
59
251
31
87
11
13
5
5
1,262
24
-132
-171
23
-276
292
5,024
2,312
617
-93
-513
-88
-319
-39
-21
-13
-18
-17
-779 ~~~-93~
-567
-99
nss
-416
-9
nss
-277
-3
nss
-6
2
nss
1
16
(*)
1
13
(*)
(*)
7
123
v
(*)
'
-9
-47
-37
-7
-773
-472
-81
-60
nss
-206
-8
nss
-151
-4
nss
-1
-2
nss
(*)
4
-423
-535
-435
-163
-155
-45
1
3
-425
—469
-167
89
145
-501
— 102
-345
— 160
-54
9
— 79
-61
-164
-202
— 53
-14
-130
2
-1
22
-164
1
-129
8
—4
-39
-61
-13
4
-76
-76
-198
-36
12
6
9
25
222
50 -1,621
-761
11
-309
124
6
33
-40
-635
-345
-405
61
-1
-25
-121
72
24
2
-4
— 55
59
-8
39
(*)
2
55
-16
(*)
(*)
124
1
76
20
-35
14
-1
8
56
57
35
-58
35
93
15
54
-1
482
480
248
9
68
502
445
5
-38
460
58
186
19
-7
11
67
-240
7
-1
-8
— 10
3
-1
-35
—45
1
9
93
— 306
507
-108
203
— 105
335
-27
-3
53
1 ,459
1,115
-59
225
214
5
8
1,234
-6
942
-2
-56
(*)
x
0
-13
3
378
61
2
(X)
4
w*
-8
-8
-35
-1
298
379
52
1,757
1,494
-59
-204
37
-238
427
8
A-
-310
(X)
9
1
(*)
1
-88
7
-83
-34
-114
83
-3
-90
-79
66
1
1
47
—56
63
40
85
—7
56
36
1
236
-86
201
6
28
2
-40
32
4
10
140
132
-135
230
85
79
2
-83
68
121
-17
-69
-16
-41
(*)
'!
«
0)
2
2
32
-71
-46
-14
7
13
-31
33
34
35
36
37
38
3
1
-43
-49
4
2
39
40
41
42
1
-25
43
6
2
44
-1
-29
45
46
3
47
4
1
-114
(
(*)
-I
40
r
2
-48
-47
-12
-69
12
-12
50
50
1
39
167
-74
189
56
78
2
1
-25
49
35
-405
289
264
11
178
-164
50
-6
(*)
NOTE.—Except for the separation of military transactions in the exports of goods and
services (line 12) the data for 1953 and 1954 are comparable to those published for earlier years
in the Balance of Payments 1919-53 supplement to the Survey of Current flusiness. Net
foreign investment equals the balance on goods, services, and unilateral transfers for all
345885°—55
(X)
-9
(*)
-59
8
4
(')
-1
0
-31
8
-38
2
-91
4
43
nss -3, 132 —2 312
-133 -1,578 -1,000
-30
-128
-119
-84
-36
6
34
-39
32
00
(*)
24
-7
139
-117
124
5
-25
-16
19
3
(*)
-26
-25
5
()
(*)
(X)
-155 -5,290 -3, 573
-19
-452
-231
15 -1,528
5
28
(*)
798
-84
-1
45
2
(«)
-15
26
5
75
16
-361
-43
2
-2
2
1
4
1
-57
37
-54
(*)
(*)
-144
6
72
-56
4
(*)
1
nss
2,565
1,610
48
1,034
50
nss
nss
(X)
384
1,342
nss
nss
30
16
Other
countries l
nss
nss
69
8
2,810
Line
United Other
DependKingdom Europe encies l
\ nss
nss
>
(')
-206
71
30
Sterling area
All
Interother national
coun- instituTotal
tries i
tions
( 3, 132
nss \ 2,947
I 185
-118 -1,587
-142
-53
-35
-25
-5
Sterling area
All
Interother national
coun- institutries
tions
-111
329
0)
(*)
48
areas: 1953:-1,952; 1954: -266; 1953 by quarters: I -554; II -593; III -703; IV -102; 1954 by
quarters: I -337; II -26; III -376; IV 473.
Source. U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
10
June 1955
Table 4.—Balance of Payments of the United
[Millions of dollars]
Western Europe
1953
Line
I
1
Exports of goods and services, total
2
3
4
Military transfers under grants,2 total--
5
6
Other goods and services, total
_ __
Merchandise, adjusted, excluding
military.
7
8
9
10
11
12
13
14
15
16
17
Western European dependencies
Supplies
Services, including freight
_
II
1954
III
IV
I
II
1953
III
IV
1,593 2,057
2,065
2,161 1,661
1,013
973
40
1,117
1, 069
48
1,052
755
1,044 1,004 1,199 1,029 1,253 1,073 1,602
709
744
817
742 1,122
667
910
657
629
28
1,852 1,680
1,939
651
615
36
686
641
45
653
617
36
520
483
37
1
II
III
IV
166
180
160
193
143
193
168
198
4
3
11 i
9
166
126
180
131
160
117
193
126
143
103
193
141
168
113
198
131
4
2
3
2
11
9
8
9
1
2
9
8
2
3
10
1
1
11
2
2
11
1
3
11
4
(*)
4
3
1
4
(*)
4
00
3
00
00
30
98
13
37
99
11
11
Miscellaneous services:
Private
Government, excluding military, __
Military transactions
72
19
9
73
19
3
70
20
4
79
16
5
81
24
3
86
18
4
70
15
8
138
15
7
5
31
13
26
41
7
17
34
14
52
37
8
107
35
10
36
55
12
20
39
10
48
56
14
103
23
1,262 1,283 1,240 1,082 1,324 1,265 1,286
484
448
572
573
567
587
520
289
231
297
240
258
201
284
237
282
231
277
225
227
169
277
220
7
13
5
10
5
17
6
15
6
14
6
14
00
2
29
00
2
25
00
1
35
00
2
35
2
34
1
1
1
1
24
25
Income on investments:
Private
Government
_
1
32
65
87
96
66
86
122
54
51
48
52
54
33
55
93
118
53
86
138
51
51
55
5
16
6
15
59
27
236
56
25
281
55
21
298
58
22
356
67
20
340
61
26
381
64
26
346
69
23
389
2
33
00
33
55
7
58
7
52
10
73
11
62
6
62
8
60
8
67
9
1
1
1
1
989
899
378
612
598
615
328
Balance on goods and services
27
Unilateral transfers, net, [to foreign coun- -1,409 -1,541 -956 -942 -980 -960 -826 -807
tries (-)], total.
-65 -58 -63 -52 -57 -55 -67
-57
Private remittances
-
3
27
1
56
58
27
26
Government:
Militarv supplies and services
Other grants
Pensions and other transfers
771 -123 -117
-6
-5
-6
-5
-1,013 -1,117 -657 —653 —651 -686 -520 -455
-348 —235 —222 -270 -210 -243 -277
-333
—8
-11
-4
—8
-6
-6
1
00
-98
1
29
-7
-7
-6
-1
37
0)
00
1
1
-59
-79
-5
(*)
(*)
134
-5
18 -142
-3
-29
-8
-49
19
-3
4
-1
Private net total
Direct investments net
18
—41
94
4
33
-11
15
-3
7
-19
-5
-15
-32 -168
4
2
1
3
-32
-31
-8
-9
-46
-45
14
11
-3
-1
2
-1
-3
T?pdprrmtions
Other long-term net
Short-term net
Government net, total
Long-term capital outflow
Repayments
3
16
40
44
—20
71
2
2
61
71
17 -19
53 -45
22 — 113
73
70
-5
5
1
51
64
102
— 17
123
-4
5
22
-1
127
— 18
120
25
2
40
-32
1
3
33 -28
-68 -139
26
50
—7 -62
88
70
-13
1
—1
1
-2
3
i
4
(*)
-1
-3
-8
5
3
5
f*)
4
1
9
-5
-18
1
2
2
-20
-23
-25
-1
4
-1
-2
-1
-3
1
1
10
(*)
(*)
324
387
202
202
44
Direct and long-term portfolio investments other than U. S. Government
securities.
Transactions in U. S. Government
securities.
Short-term liabilities to foreign banks
and official institutions.
Other short-term liabilities
48
-1
41
31
23
60
71
60
-1
9
-37
7
14
24
4
-48
-81
440
393
227
291
304
108
239
10
-2
-22
19
-49
-1
-4
73
1
49
Foreign capital and gold, total
50
Errors and omissions and transfer of funds
between foreign areas [receipts by foreign
areas (— )], net.
__ _
-22
-1
1
8
17
-20
-41
-4
505
103
297
121
63
72
171
674
345
387
459
373
275
10
-4
-17
-12
-8
-24
-25
-2
-139 -109
107
-97
122
155
129
158
135
118
85
89
479
568
-121
-73
-84 -102
1
1
00
4
00
00
11
11
10
8
7
7
00
00
(*)
00
1
1
00
(*)
-7
-8
-2
""(*)"" ""(*)""
1 1
1
2
-7
-10
-4
-5
-3
00
2
-5
00
1
(*)
00
1
1
2
1
1
1
2
1
-1
-1
7
—7
-1
—1
8
-8
-1
-1
i
(1.) Less than $500,000.
X Beginning with 1954 the Federation of Rhodesia and Nyasaland was excluded from De-
—1
-2
224
48
(*)
-25
377
1
6
2
(*)
2
-24
465
(*)
-8
(*)
00
-4
87
()
11
10
-7
(*)
1
-3
(*)
z
(*)
1
-12
-18
57
-39
IV
50
147
-2
1
(*)
(*)
1
-7
"(*")"
-26
47
(*)
32
-91 -139
-6
Foreign capital, net, [outflow of funds (— )],
total.
46
24
00
-84
-6
43
45
49
00
00
62
United States capital, net [outflow of funds
(-)], total.
I
455
428
27
35
99
14
21
22
23
33
34
35
36
37
38
39
40
41
42
IV
35
86
10
Miscellaneous services:
Private
Government, excluding military
Military expenditures
32
III
33
89
8
-- - --
III
II
31
100
12
1,076
551
II
I
34
94
12
Transportation:
Freight
Other
Travel
29
30
31
1953
35
83
9
Income on investments:
Direct investments
Other private
Government
Imports of goods and services, total _
Merchandise, adjusted, excluding military.
Eastern Europe
1954
Transportation:
Freight
Other
Travel
18
19
20
28
i
pendencies and included in "All other countries."
2. Includes loans and returns of military equipment.
1
-1
11
10
7
-3
-7
14
SURVEY OF CUKKENT BUSINESS
Jane 195S
11
States, Areas by Quarters, 1953-54, Revised
[Millions of dollars]
II
III
3
13
6
IV
8
3
2
13
3
(•)
(*)
0)
(*)
1
0)
1
(«)
1
1
1
(«)
9
10
11
9
11
12
11
00
(•)
(•)
()
1
(•)
8
1
00
(*)
6
4
i
1954
1953
1954
I
8
7
(X)
n
III
971 1,158
989
941
892 1,036
—1
—1
-1
—1
-1
(*)
972 1,158
905
752
990
752
942
710
9
11
58
12
12
84
12
14
103
9
13
62
22
1
41
21
1
28
23
(*)
28
26
(«)
17
(
46
32
65
30
25
33
I
(X)
12
11
x
IV
976 1,023 1,088 1,048 1,158 1,029 1,205 1, 156 1,258
815
720
766
732 824
890
717
896
711
852
627
865
619
850
639
924
693
836
615
975
732
793
570
918
625
10
11
56
11
11
83
11
12
107
11
12
65
42
38
31
40
39
37
40
42
40
42
40
30
40
36
31
40
37
36
43
36
43
44
35
34
48
21
7
49
24
10
47
23
9
43
22
6
40
1
45
23
6
39
21
8
42
22
22
1o
26
(*)
24
26
1
33
27
1
20
42
6
5
41
7
2
41
6
3
45
6
2
41
6
3
38
7
3
40
6
3
44
5
2
28
19
16
27
25
10
27
14
7
26
12
12
29
10
11
28
9
11
30
9
8
28
10
9
12
72
33
(*)
58
31
(•)
51
33
1
42
34
(*)
85
35
(*)
135
144
5
7
135
4
5
156
4
9
151
4
6
138
6
10
159
5
6
182
6
10
79
4
3
92
73
102
95
112
97
5
7
4
4
5
7
167
3
5
13
14
15
774 1,161 1,087 1,053
922 880
627 983
937 1,098 1,101
942
785
936
941
776
938
780
757
444
806
490
747
413
698
394
623
368
750
470
683
415
598
361
!?
9
8
1
7
8
0
10
11
9
11
25
12
12
58
13
12
156
13
12
43
8
12
25
10
12
59
11
12
157
11
12
43
21
46
65
21
43
62
22
44
65
20
44
47
19
37
65
19
40
61
21
40
67
23
44
51
17
21
7
16
25
7
16
24
6
16
23
7
14
22
7
13
24
7
14
25
7
13
27
5
18
19
20
8
1
43
8
1
42
6
1
54
7
1
53
6
1
52
8
1
49
7
46
7
1
45
10
19
14
11
20
4
12
20
5
13
19
4
11
16
10
13
17
5
12
17
4
12
17
5
6
21
239
4
17
245
5
13
266
3
11
241
3
11
195
2
11
221
3
12
206
2
12
177
21
22
23
23
5
1
43
18
3
27
2
17
3
25
3
2
1
i
3
2
3
3
1
3
1
3
1
(')
2
W
2
'4'
2
1
2
1
1
1
1
(»)
1
00
24
25
241
-t
282
71
359
307
235
361
368
528
287
458
26
-2
-1
1
1
-2
1
2
(')
(«)
00
-2
-173
159
i
I
9
10
228
-58
117
224
-3
-24
-30
-35
-29
-34
-39
-31
-34 -439 -452 -330 -366 -318 -472 -330 -341
1
00
-12
-12
-15
-14
-11
-13
-11
-12
-35
28
-5
-5
—2
-8
-9
-1
-15
-4
-1
7
-7
-1
-11
-10
-2
-13
-10
-3
-9
-10
-1
-14 -264 -248 -132 -135 -155 -303 -177 -138
— 7 -111 -142 -144 -170 -106 -117 -103 -146
-1 -26 -27 -23 -23 -21 -19 -19 -22
29
30
31
-31 -110
-58
-7
29 -180 -160 -224
-20
-25
48
-28
94
42 -183 -153 -207
-5 -89 00
~8
(*)
(*)
(*)
-2
-2
-2
-3
4 -72 -139 -215 -122
-16
-70
(*)
20
6
36
4
-9
-13
-11
2
202 -133
00
3 -69 -138 -224 -119
(«) -171
-98 -107 -117 -65 -90 -164
-90 -14
-99 -133 -24
11
12
42
81
4
3
1
7
45
12
34
30
n
-1
-2
14
2
CO
-2
9 -3
1 ~3
-1
—2
-1
-3
-3
1 (•)
11 (•)
00
(*)
-1
(*)
(')
-10 -231
92
29 -59
51
-13 -69
-96 -119
6 -4
35
9
64
46
-10
-1
i
-3q
-1
00 (*)
(')
49
32
(*)
1
17
-71
7
3
2
2
1
1
3
3
1
4
14
6
10
8 -8
i
38 -89 -165
69
83
71
-7
3
-11 -127 -106 -101 -13
-18 -147 -120 -120 -21 -20 -26
22
19
19
9
8
20
14
-1 (a-)
-1
1 (*)
(*)
(*)
77
132 -53
104
113
29 -86
-17
-1
-4 -105
4
4
7
-3
13
334
-38
-46
-33
-15
-10
2
1
12
-107
-94 -21
-17 -13
-47 -22
33
13
-4
-3
-35
-31
-42
-33
-38
-85
-88 -197
32
-15 -42
-17 -27
-6 -10
5 00
9
13
6 -6 -18
34 -27 -19
-26 -50 -23
14
43
2
9
2
17
-58
-26
-9
3
-32
6
-60
-20
-10
1
-27
-4
-25
-20
23
-28
-46 -181
-23 -91
-7 -28
2
3
-6 -14
-13 -50
-42 -16
-29
1
29
-42
-8
33
34
35
36
37
38
39
40
41
42
66
43
-29
-25
-10
(')
44
101
-56
49
-93
7
15
00
-1
1
—1
y
-14
6
1
-72 -144
1
00
44
00
-1
45
-22
2
-28
(')
-1
-6
14
2
39
27
17
(*)
(«)
1
•t
76
20
-5
32
183
79
108
3
-119
78
57
-70
183
-49
44
-85
-1 («)
-72 -126
-62
21
34
-15
20
-29
-1
-7
28
12
36
23
-6
3
-6
-21
-2
-1
-3
-4
-4
95
23
8
-2
-10
-54
-17
1
-82
00
20
i
14
2
-4
1
2
2
3
49
91
28
-62
45
28
172
127
37
-88
103
78
-54
40
102
-54
51
-90
-94 -110
-53
-96 - 99 -157
16
4
46 -104
-40
24
21 -116
24
194
86
156
-85 -134
i
NOTE.—Except for the separation of military transactions in the exports of goods and services
(line 12) the data for 1953 and 1954 are comparable to those published for earlier years in the
64
00
50
9
-!
3
-56
1
27
-65
5
65
-31
-61
5
-86 -180
-9 -231
10
13
12
1
855
602
-3
3
11
10
1
754
586
-2
13
7
6
1
651
526
1
9
15
14
1
782
606
-2
(')
-2
3
8
8
869
604
-1
(*)
1
5
5
794
632
-2
(*)
1 ""
2
00
703
578
-4
(')
1
1
IV
926
660
-1
-1
III
892 1, 036
674
796
-1
(«)
II
1
-4
(«)
I
2
3
4.
KI
-3
-1
IV
138
131
7
-5
1
III
177
166
11
-4
2
II
970 1,056
-3
(«)
I
303
291
12
120
! (*)
IV
155
149
6
-3
1
III
991 1,278
364
2
II
135
130
5
-1
2
00
-2
I
132
125
7
268
(*)
IV
982 1,059
-6
1
III
248
235
13
-4
(X)
II
264
255
9
1
*2
I
14
13
1
-4
(
IV
976 1,028 1,096 1,063 1,165 1,040 1,218 1,165 1,272 1,116 1,113
-7
1
III
Line
1954
1953
00
0
(
II
1954
1953
926
c
'\
I
All other countries *
(*)
-4
(
Latin American Republics
Canada
Eastern Europe
46
69
46
18
-2
47
(*)
2
1
48
-63 -144
66
67
49
173
65
13
50
78
Balance of Payments 1919-53 supplement to the SURVEY OF CURRENT BUSINESS.
Source: U. S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURRENT BUSINESS
12
June 1955
Table 4.—Balance of Payments of the
[Millions of dollars]
International institutions
1953
Line
I
1
2
3
4
5
6
7
8
9
Exports of goods and services, total
17
Military transfers under grants,2 total
Supplies
Services, including freight
_ _
13
14
15
Income on investment:
Direct investments
Other private
Government
12
Miscellaneous services:
Private
Government, excluding military
Military expenditures
24
25
Income on investments:
Private
_
Govermnent---
IV
I
II
III
IV
I
637
576
591
761
549
679
635
947
276
nss
nss
nss
nss
nss
nss
nss
nss
16
637
4 3 1
576
361
591
386
761
432
549
351
679
431
635
418
26
28
7
23
34
10
24
34
11
25
31
22
29
7
24
12
59
8
58
5
4
58
7
4
58
7
9
61
67
9
56
10
1
93
5
94
671
449
734
460
672
403
! _ _ _ ! _ _ : _ _ J _ _ _ _. . 1 6
32
19
46
2
37
_
48
8
63
47
9
80
(O ' (*) : (*)
(*)
3 :
2 :
2 :
2
31
2
34
2
12
16
2
19
5
21
7
_J
___
\
. __ •
-
11
__.
11
12
,5
2
5
4
2 |
31
4 !
i
1
1
:
4
4
12
10
-to
-24
-2
4 i
12 i
9
5
1
-72
-90
9
5
-1
_72
___
—31
_90
-
-36
-24
2
-31
-31
12
11
8
1
5
-2
1
2
—84
-42
1
-45
133
55
3
2
2
2
36
5
-20
-73
17
27
137
-1
-5
-2
-5
-36
23
-50
131
50
51
-14
61
50
Errors and omissions and transfer of funds between foreign areas [receipts by foreign areas
(-)], net.
|
_
-6
3 I
-6
7
-34 -158
-7 i -25
-18
-124 -111
;
52
-1
35
IV
261
247
369
nss
nss
nss
nss
947
538
276
168
261
145
247
134
369
169
23
34
10
21
37
9
26
6
27
4
5
29
5
6
24
3
65
7
53
5
4
112
5
3
43 i
44
2
1
43
4
(*)
45
3
1
83
10
8
82
5
1
118
10
94
22
24
4
4
19
8
(*)
25
4
89
620
392
630
357
744
427
676
367
641
371
302
134
352
136
358
146
312
128
19
44
44
15
27
18
15
25
24
15
48
40
16
43
47
16
30
24
15
23
5
17
38
19
18
35
26
15
18
7
47
47
76
58
6
109
49
6
118
54
5
104
58
6
98
46
3
44
46
73?
46
2
52
47
2
56
3
37
3
35
1
39
2
38
2
36
2
30
33
30
3
36
3
141
-81
-65
-41
306
-26
-91 -111
-74
-64
-71 -100
-99
— 75
-92
-53
25
-23
-10
-10
-9
-10
nss
-83
nss
-42
i
10
6
61
5
-25
4
-81
-152
-126
3 ;
(*)
58
!
—22
-24
-22
-21
i
nss
-100
—2
nss
-51
-2
nss
-37
i
nss
nss
nss
-84 -131 -101
-1
-3
nss i
nss
-47 -71
—1 i
-3
nss
-88
—1
nss
-(34
i
-18
-20
9
-26
57
-6
-6
4
-7
-34
27
-41
-57
-84
-17
42
-16
17
-5
-63
-6
11
12
12
-23
1
-11
-63
-39
28
-3
-38
2
52 j 140
-20 1 -32
-11
-2
42
8
-16
-28
2
3
-12
-6
20
14 -12
4
— 14
-5 ! -58
(*)
-1
1
i i
21
-7 i 14
14
1 ! -16
—17 i
-8
• —12 ' —13
4
l
1
! —6
5
16
-9
-8
— 11
(*)
3
3
9
19
-1
— 10
2
21
-45
29
— 19
54
-6
(*) i
2
!
2
8
-88
i
56
—16 — 14
3 i
57
8
13
-2 i
23 '•
-38 -57 !
— 16
1
12
205 -147
1
—42
1
-1
167
-12
187
10 -1G5 ;
108
3
3
2
25
-7
15
23
23
37 |
39
41
25
20
36
12 l
7
9
11
8
17
-11 !
-5
-18
7
9
-51
181
-S3
155
-40
-62
204 -18
163 -32
2
- 7 - 4
-47
200
41 ;-107
-17 -171
7
4
1
4 320
41
121
(0
-14
308
228
31 -144
37
-25
(*)
131 -165
109
184
;
56
12 •
(*)
108
20
197 -192
11 !
-18
50
-160
-130
-53
(*)
255 -147
-85
1
Or) Less than $500,000.
n. s. s. Not shown separately.
1. Beginning with 1954 the Federation of Rhodesia and Nyasaland was excluded from
!
-62
1 - 1
-40
III
-5
l
(~)
2
1 II
j
!
'
24
Foreign capital and gold, total
.
23
- i
1
49
i
-7
2
-36
Gold sales [purchases ( — )]
9
4 I
:
1
58
9
4
25
IS ;
-13
(*)
Direct and long-term portfolio investments
other than U . S . Government securities.
Transactions in U. S. Government securities.
Short-term liabilities to foreign banks and
official institutions.
Other short-term liabilities
--
48
4 '
:
Foreign capital, net, [outflow of funds (— )], total
_
11
'
-10
44
47
...i!
_
!
-10
43
46
_
3
1
15
United States capital, net, [outflow of funds
(-)], total.
45
1-j
19
4
3
'.
1
1 i
i
27
Private net total
Direct investments, net
New issues
Redemptions
Other long-term net
Short-term, net
Government net, total
Long-term capital outflow
Repayments
Short-term net
•;
-
.
27
4
4
-36
33
34
35
36
37
38
39
40
41
42
16
:
3
Unilateral transfers, net [to foreign countries
(-)], total.
Private remittances
Government :
Military supplies and services 2 _
.
Other grants
Pensions and other transfers
32
19
i
5
Balance on goods and«services
29
30
31
IV
'
:
26
28
21
:
'i "
i
21
5
19
III
1953
III
16
II
1954
II
i
Imports of goods and services, total
Merchandise, adjusted, excluding military
21
22
23
15
1
I
1953
I
._
Miscellaneous services:
Private
Government, excluding military
Military transactions
Transportation:
Freight
Other
Travel
17
IV
21
'•
Transportation:
Freight
Other
Travel
18
19
20
15
_ L
Other goods and services, total
Merchandise, adjusted, excluding military.
10
11
12
16
17
1954
III
II
United Kingdom
Sterling area, total
Dependencies and included in "All other countries."
2. Includes loans and returns of military equipment.
316
-160 !
9
10
320
40
278
207
38 -136
-83
(')
15
14
— 44
45
53
-8
-175
15
24
11
8
-11 -188
-19
120
(*)
135 -175
84
154
SURVEY OF CURRENT BUSINESS
June 1955
13
United States, Areas by Quarters, 1953-54, Revised.—Continued
[Millions of dollars]
United Kingdom
Other sterling area in Europe
1954
1954
1953
I
II
III
IV
I
249
282
280
531
12
II
14
III
18
IV
19
II
I
10
12
Other countries in sterling area!
Sterling area dependencies *
1954
1953
III
10
IV
18
I
II
86
III
98
86
II
IV
I
113
79
III
97
94
Line
1954
1953
IV
I
II
III
IV
I
II
III
IV
114
263
203
240
260
211
288
251
284
1
[
2
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss nss
1 I
249
137
282
144
280
175
531
256
12
11
14
12
18
17
19
16
10
10
12
10
10
10
18
15
86
53
98
58
86
51
113
58
79
47
97
58
94
48
114
61
263
199
203
146
240
184
260
189
211
157
288
219
251
185
284
206
5
6
7
24
4
7
30
5
6
30
5
6
29
4
00
(*)
(*)
1
00
1
(*)
(
(*)
5
4
1
2
4
5
00
1
5
1
2
6
2
4
1
2
2
5
1
2
15
4
3
13
6
4
14
5
4
15
5
2
10
5
2
12
5
3
11
4
3
10
6
3
7
8
9
47
3
51
4
38
2
1
99
2
(*)
(*)x
(*)
(*)
(*)
(*)
(*)
00
3
(*)
4
00
2
1
3
3
3
2
(*)
(*)
12
5
11
11
3
3
11
3
4
11
3
8
11
4
6
11
3
4
12
3
3
11
3
3
10
11
12
29
8
4
19
4
38
9
88
(x)
(x)
(x)
43
13
1
13
1
3
12
2
1
23
1
3
15
1
00
26
2
3
28
1
1
37
1
4
13
14
15
325
112
394
134
372
121
351
134
137
120
16
17
14
18
5
14
40
23
15
35
28
16
20
10
00
1
00
2
57
2
83
49
3
92
53
1
80
58
2
74
002
4
33
1
37
2
37
2
35
2
00
23
4
()
(*)
(*)
2
7
4
10
3
?
1
4
(*)
4
10
3
00
.00
(X)
(*)
(X)
1
(*)
4
(*)
(*)
23
1
2
13
3
(*)
11
3
13
4
13
4
1
1
00
1
1
3
6
7
5
(*)
00
6
30
45
25
2
10
3
(*)
1
(*)
28
(*)
35
00
177
147
180
150
152
123
150
127
135
104
150
122
118
89
143
114
185
164
192
171
149
131
148
134
159
138
187
167
173
153
3
14
4
13
4
12
3
9
3
15
3
13
3
13
4
12
1
5
3
1
4
3
1
4
2
00
5
2
1
3
3
1
4
3
1
4
3
00
5
2
18
19
20
(*)
1
11
(*)
1
12
2
4
6
1
5
7
1
3
5
00
2
4
1
3
9
002
11
1
3
8
(*)
3
7
21
22
23
1
1
(•)
(')
1
1
1
1
1
(*)
(
24
25
00
(*)
6
23
(*)
(*)
10
11
1
10
1
11
(*)
1
11
(*)
1
1
1
1
00
(X)
(x)
9
-76 -112
-92
180
5
4
5
9
-1
-1
-3
8
-91
-82
-66
-37
-56
-53
-24
-29
78
11
91
112
52
101
-54
-35
-43
-65
-3
-10
-4
-4
-4
-4
-4
-5
-5
-4
-4
-5
-5
-6
-4
-5
-17
-22
-52
-64
-11
-19
00
?
147
26
-20 -25
27
78
-9
-11
-10
-12
-2
-5
0
-3
-3
-4
-4
-3
-5
-4
-4
-4
-5
-5
-4
-5
-5
—5
-4
-5
-4
-5
-6
28
nss
-44
-1
nss
-23
-1
nss
-32
-1
nss
-52
-1
nss
-1
nss
-5
nss
nss
nss
nss
-1
-1
nss
nss
nss
nss
00
nss
(*)
nss
(*)
nss
(*)
nss
-11
-1
nss
-15
-2
nss
-48
-1
nss
00
(*)
nss
-1
nss
00
nss
-59
00
nss
—7
(•)
nss
-14
00
nss nss
-15 -18
(*) -1
29
30
31
45
-32
-32
-26
-11
-12 -57
32
39
8
-36
3
-41 -92
8 -21
-6
-5
-27
-28
-4
-3
11 —14
-9
-30 -60 -57
4
66
9
—7
1
55
6
11
11
8
(*)
1
—7
-9
1
1
-27 -45
-28 -6
-14
2
2
12 -1
2 -26
-15 —12
-16 -14
1
1
1
(*)
33
34
35
36
37
38
39
40
41
42
-17
-3
-29
24
43
1
1
1
00
13
18
6
126
'(')
(*)
(•)
(-)
(*)
00
(*)
(*)
(*)
(*)
2
2
(*)
1
00
00
1
(*)
1
1
2
2
2
19
-12
21
-13 -19
-12
-12
-31
-31
-1
2
1
-2
2
-3
-5
28
19
-3
-3
29
5
-4
-10
1
-1
(*)
(*)
(*)
(*)
-8
1
(•)
(*)
2
(*)
1
1
1
7
-5
1
00
1
11
-3
-9
-11
-1
1
-1
(*)
(*)
(*)
00
1
-1
1
1
(*)
4
00
-2
1
-1
1
-1
1
-1
2
(*)
-5
0)
21
35
37
39
00
18
-11
-5
-18
00
78
9
11
126
256 -120 -184
-77
2
1
00
1
1
00
-54
00
50
-41
2
195 -163 -151
-13
287
95
-2
2
2
1
4
-3
-6
00
5
1
1
00
4
6
-4
3
-4
-3
-1
1
1
(*)
2
(*)
00
2
-3
(*)
1
-4
3
103
116
79
NOTE. Except for the separation of military transactions in the exports of goods and services (line 12) the data for 1953 and 1951 are comparable to those published for earlier years in
(X)
-8 -26 -r!2 -38
(x)
206 -120 -184
-1
80
1
1
2
2
(*)
—9
-12
1
2
30
23
5
3
15
7 -4
4 -1 (*)
-9
-8
—9
-11 -11 -10
x
1
()
3
-9
9
2
-1
(*)
1
29
28
-8
12
-20
1
-5
-1
-3
3
-1
-1
(*)
-1
(*)
1
1
—1
29
61
56
25
36 -109
00
-10
-9
-2
00
23
-9
9
-17
-51
-44
-5
-7
-5
44
45
00
-30
21
46
1
3
47
00
(*)
-3 -29
00
48
-4
-68
24
49
-2 -89
50
the Balance of Payments 1919-53 supplement to the Survey of Current Business.
Source: U. S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUKEENT BUSINESS
14
Private capital outflow smaller
(Text continued from page 7)
also continued to be significant. These new portfolio investments were more than offset, however, by retirements of
bonds and repurchases of outstanding securities by Canada.
Preliminary data indicate that direct investments were
somewhat smaller than last year's rate. This dip may onlcy
be temporary, however, since direct investments are less
affected by relative changes in interest rates than portfolio
investments. In fact, direct investments should be stimulated by the rising worldwide demand for raw materials, the
widening of foreign markets, and the growing understanding
abroad of the role of American enterprises in promoting
economic development. On the other hand, capital outflows
through investment trusts, which contributed more than
$100 million of the new American investments in Canada
during 1954, were not significant during the first quarter.
Foreign dollar receipts increasing
After the first quarter, a rise in United States foreign expenditures resulting from higher imports of goods and services
may be partially offset by a reduction in grants. However,
the outflow of private portfolio capital is not likely to shrink
further, since during the first quarter it was already showing
the major effects of the rise in domestic business activity,
while direct investments may return to a higher rate. Dollar
receipts by foreign countries, which rose from the fourth
quarter of last year, can be expected, therefore, to continue
at least at the higher first quarter level, or may even increase
further.
Export rise leveled off
Payments by foreign countries for goods and services
obtained from the United States, excluding those transferred
under military grant-aid programs, declined from the fourth
quarter of last year. Most of the decline was due to smaller
income payments on United States foreign investments and
represents mainly seasonal shifts.
Merchandise exports, which had risen during most of last
year (after allowance for seasonal changes and the effects
of the closing of port facilities in March) leveled out during
the first quarter.
Shipments of cotton, tobacco, vegetable oils, coal and
petroleum declined from the fourth quarter, while grains and
some industrial goods, principally automobiles and aircraft,
were in greater demand abroad. To a large extent the
changes in exports were seasonal, particularly the decline in
tobacco and to some extent also the rise in grains and passenger automobiles. Exports of semimanufactured steel and of
steel scrap also increased.
Exports of textiles, metal manufactures, machinery,
chemicals, and other manufactures remained approximately
unchanged from the previous quarter.
Several divergent factors are currently affecting exports.
Liberalization of restrictions against imports from the
United States by some of the major European countries and
their rising production and incomes have already stimulated
United States exports of industrial goods, and this tendency
should continue. Markets should also improve in most of
the countries producing industrial raw materials and in
Canada. On the other hand, downward adjustments in
exports to the coffee producing countries of Latin
America during the first quarter may not be sufficient if
export earnings by these countries decline further. Credit
restrictions in the United Kingdom and some of the Scandinavian countries, and import restrictions in Australia
June 1955
during the first quarter of 1955 were intended to effect
balance of payments adjustments by restricting imports or
stimulating exports. These actions may also affect our
exports, either by reducing our sales in these countries
themselves or by increasing competition in other markets.
Among the unfavorable factors affecting foreign demand
for United States exports may also be the lengthening of
delivery periods for many industrial goods resulting from
rising domestic demand. This is likely to reduce one of
the competitive advantages on international markets which
we have had over European suppliers.
Rise in foreign reserves to continue
A country by country analysis of the changes in foreign
reserves during the last months of 1954 and the first three
months of 1955 discloses that the decline in the accumulation
of gold and dollar assets by foreign countries as a whole
was due mainly to reductions in accumulations by those
countries which had large accumulations last year. The
fact that the overall decline was, with few exceptions, not
due to rising losses by some countries, offset by substantially
unchanged accumulations by others is an indication of the
continued strength of the world economy. Most prominent
among the countries reducing their formerly high rate of
accumulations is Germany which absorbed about one-third
of the rise in gold and dollar reserves by all foreign countries
in 1954. As reserves in that country approached a satisfactory level, the need for further additions declined and
larger shares of the current earnings of gold and dollars could
be used for imports and other foreign expenditures.
Several countries strengthened their position during the
first quarter. The United Kingdom after losing gold and
dollar assets during the last half year of 1954 stabilized its
holdings, notwithstanding the return flow of $60 million of
American short-term funds. The first quarter decline in
official British reserves was apparently offset by increased
dollar assets of British banks. Swedish balances also stabilized after declining during the latter part of last year.
Several European countries continued to raise their reserves during the first quarter, chiefly France, Italy and
Spain, The international economic position of the major
countries in Europe, therefore, continued to be strong, with
rising import demands covered by sufficient earnings from
exports.
Outside of Europe, the most prominent rise was in Mexican
gold and dollar holdings which reached a higher point than
prior to the Mexican devaluation in April of last year.
There were several countries, however, which had declines
in their reserves during the first quarter. These included
Canada, Norway, Brazil, Colombia and some other Latin
American countries. The decline in Canadian reserves followed a sharp rise during the latter part of 1954 and does not
indicate a basic strain on the Canadian balance of payments,
especially since part of the decline resulted from large debt
retirements. The $125 million drop in Colombian dollar
holdings during the first quarter required substantial curtailments of imports, but the loss of reserves was not much
larger than the gold and dollar accumulations of that country
during the recent period of high coffee prices.
The full impact of the rise in our business activity will
facilitate a continued rise in foreign gold and dollar reserves.
While unlikely to return to the relatively high rates of 1954,
accumulations by the rest of the world as a whole can be
expected to be higher than during the first quarter when
the effects of the rise in business activity here on our foreign
trade were not yet in full force, and debt repayments absorbed
relatively large amounts of foreign dollar resources.
by Edmond L. Kanwit
Patterns of Recent Employment
Changes—Area and National
1 HE DECLINE and subsequent recovery in business
activity in the United States after mid-1953 were of moderate proportions for the country as a whole. The character
of the business swing was such, however, as to produce fairly
pronounced differences in experience among product markets,
industries, and areas. Various aspects of this divergence
Changes in the Number of Wage and
Salary Employees in Nonagricultural
Establishments
CHANGE,THOUSANDS OF EMPLOYEES
-1,500
INDUSTRY
GROUPS
-1,000
I
1
-500
0
t500
1
July 1953- July 1954
Manufacturing Durable goods
Manufacturing Nondurable goods
Mining
Largest fluctuation in durable goods centers
Contract
construction
Transportation and
public utilities
Trade
Finance and
service
Government
Source: BLS
U S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
based on seasonally adjusted data
55-31-3
in patterns have been reviewed in previous issues of the
SURVEY. Extension of this examination to the differential
experience of local market areas is made possible by information covering employment in nonagricultural establishments
in principal metropolitan areas which is assembled by the
Bureaus of Labor Statistics and of Employment Security of
the Department of Labor.
Since, nationally, employment changes were heavily concentrated in a few major industrial sectors, it was natural
that local areas relying heavily upon these industries for
employment tended to have the most volatile employment
experience. These national industry trends can be summarized quite quickly.
Total wage and salary employment in nonagricultural
establishments, seasonally adjusted, fell from a peak of
49.9 million in July 1953 to a low of 48.0 million in August
and September 1954, or by 4 percent. The subsequent
advance had brought the seasonally adjusted total back
to 49.2 million by May 1955.
The business decline centered in the sharp swing in inventory investment, particularly for durable goods, in the cutback in defense purchases, and in some decline in the demand
for consumer and producer durables. Thus, the employment impact was sharpest in the durable-goods manufacturing industries. At its greatest, the reduction there amounted
to 1.4 million or 13 percent. Pronounced relative employment reductions were also experienced on the railroads and
in coal mining, while nondurable-goods manufacturing and
Federal Government civilian employment were less affected.
Employment in trade, finance, and service, in contract
construction, and in public utilities and transportation, other
than the railroads, was little reduced or even increased.
State and local government employment advanced steadily.
The durable-goods manufacturing industries alone experienced an employment decline equal to three-fourths of the
reduction in the total, and in the subsequent recovery thus
far, these industries have accounted for three-fifths of the
increase. It is not surprising, therefore, to find that despite
the wide variety of local influences and the presence of
numerous exceptions in particular localities, there was a very
noticeable tendency in the 1953-55 period for areas heavily
dependent upon durable-goods manufacturing to experience
the widest fluctuations in total nonagricultural employment.
This is illustrated, for the downward phase of the movement, in the accompanying chart. For the 35 metropolitan
areas with the largest 1950 population, this chart relates the
July 1953 to July 1954 percentage change in total nonagricultural employment to the percentage that employment in
durable-goods manufacturing comprised of total nonagricultural employment as of July 1953. The time period used is
as close to that of the maximum national employment decline as could be selected and at the same time avoids comparisons which might be affected by different seasonal
influences.
The chart illustrates a substantial variation in employment experience over this period, with changes ranging from a
1-percent increase in Houston to a 14-percent reduction in
NOTE.—MR. KANWIT IS A MEMBER OF THE CURRENT BUSINESS
ANALYSIS DIVISION, OFFICE OF BUSINESS ECONOMICS.
15
SUKVEY OF CURRENT BUSINESS
16
June 1955
Changes in Nonagricultural Employment, July 1953--July 1954, Related to
the Proportion Employed in Durable Goods Manufacturing in
35 Largest U. S. Labor Market Areas
t3
Houston Q
Dallas
Kansas C i t y
u
Q
Portland
New Orleans -
»
<
Washington,D.C.
-3
DenverwQ
Paterson
Los Angeles
New York
Uj
Seattle
tlanta
^
San FranciscoBaltimore
Oakland
•
^
Phila.
Minneapolis-St.Pau!
Boston
-I N e w a r k - J e r s e y City
O C olumbus f Ohio
Birmingham
O San Diego
u.s
«
Chicago
Milwaukee
St. Louis ^Q Cincinnati
cSan Antonio
A * •
Buffalo
Duyraio
Cleveland
Indianapolis
I Provi-dence
Q Albany- Schenectady- Troy
Louisville
£s
A
Pittsburgh
-9
Uj
§
Youngstown Q
-12
Detroit
41 Over one million population
O Under one million population
-15
I
10
20
30
40
50
60
NUMBER EMPLOYED IN DURABLE GOODS MANUFACTURING AS A PERCENT
OF TOTAL NONAGRICULTURAL EMPLOYMENT, JULY 1953
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Detroit. Half of these major areas experienced employment
reductions within the narrow range of 2 to 5% percent (as
compared with a national change of 3.8 percent), with onefourth showing reductions of more than 5% percent and onefourth reductions of less than 2 percent or actual increases.
Also apparent is the general tendency, already mentioned,
for relatively large 1953-54 employment reductions to be
associated with some exceptions with a heavy concentration
of durable-goods production. Thus, of the one-fourth of the
areas with the largest employment reductions, all except
Louisville
had greater-than-average concentrations of em
55-31-4
ployment in the durable-goods manufacturing industries; 7
of these 9 areas with the sharpest employment declines are
also among the fourth of the cities with the highest proportions of employment in durable-goods manufacturing.
Among the one-fourth of the 35 areas which experienced the
smallest employment declines, all but Los Angeles had lessthan-average concentrations of employment in durable-goods
manufacturing (although they were not heavily concentrated
in the lowest quarter according to the durable goods ranking).
Thus it appears that the relatively unfavorable 1953-54
experience of such major hard goods centers as Detroit and
Jvino II
SURVEY OF CURRENT BUSINESS
Pittsburgh, which was widely noted last year, was fairly
typical of such areas. Toward the other extreme, emplo}-inetit in the vast New York-Northeastern New Jersey
metropolitan area declined only 1.9 percent during the
downswing. In the 9-county New York labor market only
9 percent of the nonagricultural wage and salary workers
derived their income from durable-goods production in
July 1953. This proportion was about the same as that for
New Orleans (where employment fell less than 1 percent)
and much below those for the remainder of the 35 large
areas with the exception of 3 principal centers of Federal
employment which are mentioned below.
Fast-growing areas less affected
in 1953—54
Numerous areas, nevertheless, deviated from this pattern.
One cause of systematic deviation was the long-term growth
factor. This may be appraised crudely for the different areas
by examination of the percentage change in total nonagricultural employment from 1940 to 1953, shown in the table.
Among the 10 large market areas with the most favorable
1953-54 employment experience, Houston, Portland, Dallas,
Seattle, Kansas City, New Orleans, and Los Angeles, had
experienced employment expansion since 1940 much above the
average, and only Paterson had experienced a 1940-53 increase, well below the median of all the 35 areas. Providence,
Youngs town, and Albany-Schenectady-Troy were among
the localities that experienced 1953-54 employment losses
more than double the national average, all metropolitan
areas of relatively slow longer-term growth.
Moreover, some tendency existed for the areas with relatively strong longer-term growth to have had a more favorable 1953-54 employment experience, and for the slower
growing cities to have had a less-favorable one, than would be
indicated by the importance of durable-goods manufacturing
alone. It is apparently for this reason that when account is
taken of the degree of concentration of employment in
durable-goods manufacturing, there was a pronounced tendency for the local areas with the most favorable 1953-54
employment experience to be concentrated in the rapidly
growing Western and Southern regions of the country. Also
to be noted is that, among the largest major metropolitan
areas, those in which March 1955 employment exceeded that
of March 1953—Los Angeles, Atlanta, Houston, Dallas, and
Denver—all were in these regions. The only exceptions were
two aircraft centers: Columbus, Ohio; and the NassauSuffolk subarea.
Data for the smaller metropolitan areas listed in the table
also indicate a correspondence between both the importance
of durable-goods manufacturing and the extent of 1940-53
employment expansion, on the one hand, and the change in
employment experienced from July 1953 to July 1954, on
the other. The range of employment experience was greater
and substantial deviations from the pattern were more frequent than in the larger, and usually more diversified,
population centers.1
Influence of other industrial changes
It is apparent, however, that in all size groups other important factors were also at work in determining the employment experience of individual areas. These may be
thought of as being of two types.
First, it is clear that a single split between durable-goods
manufacturing and all other industries is not adequate to
represent the influence of differential employment experience among industries even nationally. Not all durablegoods manufacturing industries were equally affected; employment in aircraft and parts production, for example, in
July 1954 was only slightly below July 1953. Actual increases in aircraft employment in Los Angeles, which has
345885°—55—3
r
one-fourth of the total employment in that industry, and
in the Nassau-Suffolk and Paterson sectors of the Xe\v
York-Northeastern New Jersey area were influential in the
favorable employment experience of those two metropolitan
areas at that time. Strength of aircraft employment in
that period was also a stabilizing element in Wichita, Tulsu,
and Hartford. In Rochester, N. Y., about 40 percent of
employees are engaged in the instrument and photographic
equipment industry, which had a relatively stable employment experience.
Similarly, as already noted, pronounced employment
reductions occurred in certain industrial sectors outside of
durable-goods manufacturing, although the remaining aggregate of nonagricultural employment was well maintained.
The lowering of Federal Government employment was
responsible for nonagricultural employment reductions
which approximated the national average in Washington,
Denver, and San Antonio (to mention only the larger areas)
despite the slight importance of durable-goods manufacturing in these centers of Government employment.
Reduced operations in coal mining were responsible for
sharp employment declines in a number of communities,
including several in Pennsylvania and West Virginia, and
the decline in railroad employment was similarly of importance in particular localities. Among the nondurable-goods
manufacturing industries, most of which were fairly stable,
employment in textiles was down sharply and had an important impact upon employment in most textile centers.
Wide area divergences in separate industries
The other major cause of pronounced variation in local
employment experienced is the simple fact that, for a great
variety of reasons, employment changes even within the same
industry vary widely among communities. The chart on
page 18 illustrates this point.
For four principal manufacturing industries, percentage
changes in employment from July 1953 to July 1954, and from
July 1954 to March 1955, are shown for the major production
centers. Three of the four—steel, automobiles, and textiles—
experienced pronounced employment fluctuations nationally
during these time intervals, while aircraft employment
nationally was down but little in the first period, and somewhat more in the second. It will be noted that the charts
terminate with March, the latest date for which the data
are available, and hence do not reflect the further improvement which has since taken place in employment nationally
since that date.
Since the changes shown on the charts are based on data
for single months at the terminations of the periods utilized
they are influenced by random factors affecting individual
localities in these particular months and may not be entirely representative of the experience of each of the areas
shown. In addition, the differential experience of the
communities may in part reflect different national production trends for specialized products within the broader
industry groups. For example, the maintenance in 1953-54
of steel employment in Wheeling-Steubenville was apparently
associated with the strength of demand for oil-country
tubular goods.
The range of local market experience shown in the charts
is so broad, however, as to make it strikingly clear that
differences in employment experience among metropolitan
areas were far from resulting exclusively from differences
1. A correlation based on preliminary data, for the 32 largest areas exclusive of Washington,
Denver, and San Antonio, which were omitted because fo the heavy concentration of Government employment, yielded a coefficient of correlation of 0.69 based on the importance of
durable goods alone, and of 0.75 when the secular employment trend was added. For 31 of
the next 35 areas (with 4 omitted for special reasons) the corresponding coefficients were
0.53 and 0.70; and for 18 of the 23 smallest areas remaining, they were 0.40 and O.f>0. Because
of the judgment involved in the selection of the areas and some question as to whether the
basic relationship with these factors is linear, the coefficients can be used only as a rough
Indication of the degree of relationship.
SURVEY OF CURRENT BUSINESS
18
June
Wage and Salary Employees in Four Manufacturing Industries
by Major Production Centers
PERCENT CHANGE:
S
JULY 1953-JULY 1954
JULY 1954- MAR. 1955
STEEL
MOTOR VEHICLES
THOUSANDS OF EMPLOYEES
AS OF MARCH 1955
0
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THOUSANDS OF EMPLOYEES
AS OF MARCH 1955
Detroit, Mich.
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Baltimore, Md.
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i
Chicago, III. - Ind.
Young stown, Ohio -Pa
125 150
PERCENT
CHANGE
-50 -25
0 +25
1
1
1
Chattanooga, Tenn.
Aiken-Augusta, Ga.S.C.
S I C Code
D
1
1
BASIC DATA: B E S
55-31-5
SURVEY OF CURRENT BUSINESS
June 1955
in the industrial composition of employment in the various
areas; factors specifically affecting employment in the individual locality were also of great importance.
Specific illustrations can be readily drawn also from other
, industries. In electronics, for example, the strength of 1954
employment in Baltimore and Boston, both growing centers
of electronics production, contrasted with sharp employment
declines in the industry in most other major areas, and was
a factor in the maintenance of total employment last year
19
in these areas. But it is unnecessary to belabor the point.
It is evident that specific management decisions by both
employing organizations and, with respect to order placement, their customers, have a major impact upon local area
employment. These decisions arise from a host of considerations ; by their nature they defy generalization. Any attempt
to trace their relationship to the employment changes
experienced by individual communities is beyond the scope
of this article.
Wage and Salary Workers in Nonagricultural Industries (except Domestic Service), March-April 1940, March-April 1950, March 1953,
1954, and 1955, for Selected Metropolitan Areas
Population
Wage and salary workers
Number in thousands
Standard metropolitan areas
1950
(thous.)
Perc.
change
1940-50
New York- Northeastern, N. J.1. _
New York Area (BES) 2
_ ___
Nassau- Suffolk Counties
Newark- Jersey City (NJ)
Newark (incl. Jersey City) (BES)2
Paterson (NJ) (BES)2_Perth Amboy (NJ) (BE 8)2
March-April
1940
Percent change
March March March
1953
1955
1954
1950
194053 f
Employment
of women
Percent
change
Employment
in durable
goods mfg. as
Percent of total
1940-55
Percent of total
April- March
July* March
1955
1953-54 1953-55 March
1940
Women
Men
July
1953
March
1955
12, 912
10.7
3,551
4,537 5, 299. 0 5, 212. 8 5, 167. 6
49
-1.9
-2.5
29.1
32.7
64
38
13.7
12.7
9,560
949
1,951
1,746
1,040
243
9.8
57.1
7.4
2,665
150
620
525
296
65
3,343 4, 057. 0 3,997.0 3,969.2
287.9
284.4
292
271.6
787.2
806.5
720
839.2
772.4
759.0
747.7
362.4
345.4
349.9
106.9
107.2
105.3
52
81
35
47
22
66
-1.8
6.0
-5.5
-2.4
-1.1
-5.1
-2.2
4.7
6.2
-3.5
-4.7
-1.8
29.3
22.7
27.3
28.5
29.4
29.2
33.0
32.7
69
130
41
78
9.3
29.0
8.6
27.6
31.2
30.7
31.1
55
27
73
37
13
59
28.1
25.7
33.3
26.3
25.0
31.6
Chicago (111 -Ind.)
Chicago (IlL-Ind.) (BE 8)2 . _
Los Angeles (Calif.)
Philadelphia (Pa -N. J.)
Detroit (Mich.)_
5,495
5,032
4,368
3,671
3,016
13.9
12.8
49.8
14.7
26.9
1,595
1,492
825
943
763
2,110
1,960
1,397
1,236
1,073
2, 556. 7
2, 335. 0
1, 820. 9
1, 409. 3
1, 392. 3
2, 447. 0
2, 287. 6
1, 874. 3
1, 393. 2
1, 302. 0
60
57
121
49
82
-4.8
-4.5
-1.1
-3.4
-13.7
-4.3
-2.0
2.9
— 1.1
-6.5
27.5
27.7
26.6
27.9
20.8
30.5
32.0
31.3
27.1
69
173
66
122
37
111
41
57
25.2
25.2
23.2
50.0
25.9
25.6
20.6
46.3
Boston (Mass.)-- Boston (Mass.) (BES)2
San Francisco Oakland (Calif )
Pittsburgh (Pa.)
St. Louis (Mo -111 )
Cleveland (Ohio)
2,370
8.8
2,241
2,213
1,681
1,466
53.3
6.3
17.4
15.6
634
472
562
433
399
812
792
737
725
594
551
968.1
945.6
896.4
835.8
731.7
671.2
943.5
926.0
860.4
786.7
709.2
659.1
936.9
920.4
864.0
773.5
699.3
640.0
49
90
49
69
68
-3.6
-3.1
2 9
-8.3
-4.9
-5.6
-3.2
-2.7
-3.6
-7.5
4 4
-4.6
31.2
25.7
19.8
26.8
25.9
36.0
32.9
25.2
31.4
30.1
68
131
75
89
86
35
63
28
51
51
18.3
13.3
37.8
23.8
37.9
16.8
12.0
33.9
21.4
35.1
1,464
1,337
1,117
1,089
904
51.3
23.5
18.7
13.6
14.9
349
350
278
270
239
549
458
406
373
313
629.8
556.7
478.6
448.0
385.7
606.0
551.2
474.2
434.4
379.4
610.7
548.6
469.4
427.7
373.3
81
59
72
66
61
-1.8
-2.4
-3.2
-5.4
-5.1
-3.0
—1.5
-1.9
-4.5
-3.2
31.7
24.8
30.7
23.5
26.2
37.6
32.4
36.1
26.1
29.4
109
105
99
76
75
61
41
56
70
49
1.2
23.5
18.4
33.6
24.8
2.3
21.8
15.8
32.8
26.0
871
814
807
737
733
13.6
18.6
52.5
8.9
45.2
233
203
157
239
150
340
296
275
261
238
381.0
376.6
308.3
300. 7
272.6
363.2
367. 5
303.6
278.9
273.1
363.6
353.1
319.7
287.5
279.9
64
85
96
26
82
-4.7
1.0
1.1
-6.8
0.5
-4.6
-6.2
3.7
-4.4
2.7
26.5
28.2
20.8
32.8
25.8
29.1
29.4
28.3
39.5
35.8
71
81
178
54
159
67
71
84
5
62
38.4
17.8
14.2
26.4
21.0
36.2
15.0
12.3
27.4
21.9
705
685
672
615
577
40.6
24.1
29.7
54.3
27.8
136
151
147
118
129
219
216
231
225
195
238.0
270.8
294.8
260.8
231.3
230.6
271.6
298.4
262.6
216.9
231.3
264.9
306.5
26S.1
223.2
75
80
100
121
79
-0.8
-0.9
2 2
0.2
8 0
-2.8
-2.2
4.0
2.8
-3.5
26.3
25.4
27.6
29.0
26.1
30.1
27.6
32.9
34.4
34.9
94
92
148
169
125
61
71
90
110
49
13.8
8.9
13.1
15.8
23.1
13.4
7.0
15.1
16.2
25.2
564
559
557
552
529
38.3
21.5
92.4
19.7
11.6
111
119
80
146
123
184
172
133
208
177
225.9
193. 0
184.5
281.7
196.8
225.7
190.6
179.9
269.9
183. 6
229.5
189.8
174.7
270.1
183.1
104
63
132
93
60
-2.8
-3.1
-3.6
-5.5
-11.1
1.6
—1.7
-5.3
-4.1
-7.0
27.8
16.9
20.0
27.6
18.5
39.8
24.1
32.4
31.7
29.7
197
128
255
116
140
73
46
86
74
29
5.6
26.1
25.0
27.6
53.4
5.4
25.9
24.2
24.9
47.7
Albany-Schenectady-Troy (N. Y.)
Columbus (Ohio)
__ _
San Antonio (Tex.)
Miami (Fla.)
Rochester (N. Y.)
515
503
500
495
488
10.5
29.5
48.0
84.9
11.3
141
114
87
79
139
184
175
132
156
179
221.4
227.6
162.7
203.3
209.7
209.8
227.0
150. 3
216.0
212.9
197.3
232.2
153.9
234.9
209.7
58
100
87
158
51
-7.5
—2.6
-5.4
9.2
-2.0
-10.9
2.0
-5.4
15.5
0
29.0
28.0
21.2
25.6
30.7
30.6
36.4
32.7
32.7
35.1
48
165
173
282
73
37
80
51
170
42
29.9
25.1
3.8
4.3
41.0
24.8
21.7
4.0
4.3
39.4
Memphis (Tenn )
Dayton (Ohio)
_ _ __
San Bernardino (Calif.)
Norfolk-Portsmouth (Va.)
Allentown-Bethlehem-Easton (Pa.-N. J.) _
482
457
452
446
438
34.7
38.0
69.4
72.3
10.4
98
99
53
81
119
157
160
104
116
157
172.6
205.0
129.7
149.6
176.1
169.2
202.6
131.0
144.6
167.7
165.5
205.0
132.0
144.2
168.4
76
108
145
84
48
-4.2
-3.0
-0.9
-4.6
-5.3
-4.1
0
1.8
-3.6
-4.4
24.1
24.3
31.4
16.1
27.0
30.3
28.9
30.0
31.7
30.2
112
147
206
245
58
55
95
131
45
35
11.1
36.0
14.3
18.7
36.1
12.1
35.0
14.5
15.5
31.2
Akron (Ohio)
Tampa-St. Petersburg (Fla.) _
Springfield-Holyoke (Mass.) BES
Toledo (Ohio) (BES)2
Wilkes-Barre-Hazleton (Pa.)
410
409
407
396
392
20.8
50.4
11.7
14.9
-11.2
96
65
127
100
101
142
109
143
124
178.4
123.8
165.3
168.7
118.8
167.9
128.8
159. 7
153.0
110.2
165.2
132.7
155.4
155.0
109.0
86
92
30
69
17
-7.7
2.8
-6.3
-9.7
-9.7
-7.4
7.2
-6.0
-8.1
-8.2
22.7
27.2
30.0
29.0
22.8
29.2
34.7
33.0
29.4
43.5
122
163
35
85
105
58
84
17
46
-21
18.6
2.9
29.8
39.6
6.4
16.5
3.7
24.6
35.1
5.3
Omaha (Nebr.-Iowa)
Fort Worth (Texas)
__ __
Hartford (Conn.) (BES)2
Wheeling-Steubenville (W. Va.-Ohio)
Syracuse (N. Y.)
366
361
358
354
342
12.7
60.2
21.1
-2.8
15.8
86
59
106
91
84
125
125
139
110
120
141.8
151.2
193.7
113.9
144.0
142.6
151.4
198.6
108.4
141.1
141.1
156.4
195.7
109.5
136.0
64
158
82
25
72
-1.2
1.6
-1.1
-4.3
-7.0
-0.5
3.4
1.0
-3.1
-5.6
27.3
26.2
30.4
19.9
26.9
34.5
29.4
36.0
24.1
31.0
107
199
118
46
87
47
155
69
14
53
3.9
22.4
33.4
40.9
34.7
3.7
20.8
32.7
41.5
31.9
Knoxvillft fTfinn.)
337
332
328
325
322
37.0
78.2
24.7
33.3
16.6
60
33
89
64
70
96
79
122
111
93
114.0
98.6
146.5
138.2
96.8
115.6
99.7
143.7
134.2
91.5
117.8
104.5
146.2
134.5
86.7
90
196
65
118
39
3.9
1.2
-2.1
2 3
-9.8
3.3
6.0
-0.2
-2.7
-10.4
26.2
24.6
30.4
27.0
15.6
27.9
30.8
34.3
29.9
23.9
107
292
86
135
91
92
188
55
104
12
13.3
11.5
5.4
4.8
9.6
12.7
11.8
5.6
4.6
9.2
322
304
292
291
290
25.1
44.7
15.9
-2.4
66.1
70
58
73
71
39
108
98
102
80
76
124.4
111.2
137.0
81.1
84.6 '
121.8
113.2
128.7
74.5
87.9
124.4
115.9
129.2
72.2
96.6
77
91
88
14
115
-2.6
5.1
-6.4
-14.2
5.5
0
4.2
-5.7
-11.0
14.2
28.3
22.7
27.6
14.4
26.6
35.4
31.3
35.0
23.0
31.7
122
174
113
62
192
60
77
51
-9
10.0
5.2
14.4
27.5
14. a
8.8
4.3
10.9
25.2
ifi *
Washington (D. C.-Md.-Va.)
Baltimore (Md.)
Minneapolis-St. Paul (Minn.)
Buffalo (N. Y.)_.
Cincinnati (Ohio-Ky.)
___
Milwaukee (Wis.) _
Kansas City (Mo -Kans )
Houston (Tex.)
Providence (R. I -Mass )
Seattle (Wash.)
Portland (Oreg.-Wash.)
New Orleans (La.)
Atlanta (Ga )
Dallas (Tex.)
__
Louisville (Ky -Ind )
___
__
Denver (Colo )
Birmingham (Ala.)
San Diego (Calif )
Indianapolis (Ind.) _
Youngstown (Ohio-Pa )
_
2
__
_ _ _ _ _
Phoenix (Ariz.)
Richmond (Va.)
Oklahoma City (Okla )
Charleston (W. Va.)
Nashville (Tenn.)
Jacksonville (Fla.)
Harrisburg (Pa.)
Johnstown (Pa.)
San Jose (Calif.) — .
_..
.__
2, 464. 3
2, 299. 1
1, 821. 8
1, 414. 4
1,268.6
199
SUEVEY OF CURRENT BUSINESS
20
June 1955
Wage and Salary Workers in Nonagricultural Industries (except Domestic Service), March-April 1940, March-April 1950, March 1953
1954, and 1955, for Selected Metropolitan Areas—Continued
Population
Standard metropolitan areas
Perc.
1950 i change
(thous.)
1940-50
Grand Rapids (Mich.)
Utica-Rome (N. Y.) _
Canton (Ohio)
Sacramento (Calif.)
Fresno (Calif.)
Worcester (Mass.) (BES)2
tacoma (Wash.)
__ __
Salt Lake City (Utah)
Flint ( M i c h . ) _ _ _ _
Wilmington (Del.) (BES) 2. _ _
_. _ _.
New Haven (Conn.) (BES)2
Bridgeport (Conn.) (BE S) * _ _ _
Scranton (Pa.)
Reading (Pa.)
Duluth-Superior (Minn.-Wis.) (BES) 2
Tulsa (Okla.)
Des Moines (Iowa)
Trenton (N. J.) _ _
Wichita (Kansas)
Charlotte (N. C.)
Mobile (Ala.)
Spokane (Wash.)_ ., _
South Bend 'Ind.)
Little Rock-N. Little Rock (Ark.)
Beaumont-Port Arthur (Tex.)
Fort Wayne (Ind.)
Evansville (Ind.)
Winston Salem (N. C.)
Albuquerque (N. Mex.)
Fall River (Mass.)
Lawrence (Mass.)
_ _ _ _ „_
_
.
288
284
283
277
276
276
276
275
271
268
265
258
257
256
253
252
226
230
222
197
231
222
205
197
195
184
160
146
146
137
126
i 17.0
8.0
20.6
62.7
54.9
9.3
51.5
29.9
18.9
21.0
9.9
21.4
-14.6
5.7
-0.5
30.2
15.4
16.5
55.1
29.8
62.8
34.6
26.7
26.0
34.2
18.5
22.7
15.5
109.9
1.6
0.9
Wage and salary workers
Number in thousands
Percent change
March-April j
1940
67
73
65
47
33
80
50
55
65
57
95
79
68
76
56
51
55
62
38
46
34
44
49
36
39
44
37
38
14
46
44
1950
March March March
i 1953
1954
1955
97 i
87
96
88
60
i
68 !
86
96
89
98
94
82
97
51
82
81
85
75
70
66
65
77
61
62
65
55
51
39
51
49
107. 0
97.3
126.0
112.2
66.8
106. 2
71.7
103.9
111.2
102.8
118.6
124.1
83.5
100.0
50.5
113.5
91.0
126.9
120.0
83.6
78.3
68.1
96.0
68.3
67.4
81.9
83.2
59.5
53.7
49.9
40.0
*Data for July 1953-July 1954 adjusted for industrial disputes involving 1,000 or more
workers.
tPercentages calculated before 1940 and 1950 data were rounded.
1. New York-Northeastern New Jersey, a standard metropolitan area, is not reported currently by BLS or BES. The 4 labor markets which report to BES, however, substantially
cover the area, actually within 50 thousand workers, or 1 percent. Population is shown for
the entire SMA, for the 9-county area comprising the New York labor market area as reported
by BES, and for the Newark-Jersey City sub-area comprising Hudson, Essex and Union
counties as reported by BLS. Other data for the huge 13 million population SMA represent
a weighted 4-labor market area summary. Data on the employment of women in March 1955
for New York City were not available and were estimated by the Office of Business Economics
on the basis of their proportion in nonagricultural employment in the 1950 census.
2. The areas so noted are labor market areas as denned by BES and differ from the SMA.
Data on population are generally given on SMA basis because of its ready availability for 1950.
Differences in area definition are described below:
In the New Haven area, under both BES and BLS reporting, 4 towns are included in addition to the 8 towns comprising the SMA; Bethany, Guilford, Madison and North Branford.
The Hartford area includes not only the SMA but also Canton, East Qranby, Granby, and
Bolton.
104.5
94.7
112.1
110.4
63.8
104.7
68.3
102.0
119.0
96.9
117.4
117.1
82.4
93.4
49.6
115.9
89.6
122.6
114.6
82.9
77.4
66.3
83.8
68.0
66.5
74.2
68.7
60.5
52.4
48.1
34.4
108.3
92.1
115.4
114.6
67.7
103. 7
69.6
107.6
129.3
97.8
117.4
115.2
78.8
93.4
48.4
119.2
93.6
123.0
117.8
83.0
79.4
66.8
84.9
67.9
68.6
72.7
68.4
61.8
56.4
47.7
34.2
194053 t
60
34
93
137
102
34
44
89
72
81
25
58
23
32
-9
123
65
103
219
81
128
59
97
88
72
85
122
57
276
9
-10
Employment
of women
Percent
change
Employment
in durable
goods mfg. as
Percent of total
1940-55
Percent of total
July* March April- March
1953-54 1953-55 March
1955
1940
-3.0
-5.7
-11.0
0.8
0.6
-3.5
-3.3
0.1
2.8
-4.1
-2.5
-6.2
-9.5
-2.5
-3.1
-1.3
1.6
-6.8
-1.3
-1.7
-8.2
-2.2
-23.8
-5.0
4.5
-11.8
-14.8
3.8
-1.6
-6.4
-14.0
1.2
-5.3
-8.4
2.1
1.3
-2.4
-2.9
3.6
16.3
4.9
-1.0
-7.2
-5.6
-6.6
-4.2
5.0
2.9
-3.1
-1.8
-0.7
1.4
-1.9
-11.6
—0.6
1.8
-11.0
-17.8
3.9
5.0
-4.4
-14.5
25.6
30.5
20.4
27.3
24.0
28.2
18.3
24.2
18.9
23.9
30.3
30.3
27.1
31.2
23.4
25.0
30.4
30.3
27.4
29.1
18.4
25.6
25.8
25.7
15.8
28.1
25.1
36.4
25.1
40.9
35.8
32.1
36.8
27.4
32.2
31.4
34.1
30.5
27.1
21.1
28.1
36.2
32.0
37.3
34.6
34.5
28.2
36.6
32.2
32.2
41.8
26.7
30.5
28.5
32.4
22.3
33.5
28.5
39.6
26.1
46.6
35.9
Women
103
52
136
186
168
57
133
119
123
103
48
55
60
37
28
164
104
109
267
152
235
83
119
136
146
96
108
77
292
19
-23
Men
48
15
61
126
84
20
19
88
95
63
13
69
0
17
-26
124
55
92
192
47
108
43
78
70
61
52
74
-2
272
-6
-23
July
1953
41.4
31.0
48.7
3.1
8.2
35.0
14.5
8.5
62.0
17.7
26.2
48.6
12.0
25.8
14.2
19.4
11.3
31.5
37.7
6.0
7.9
13.5
46.2
9.0
7.5
39.5
48.1
14.2
11.4
2.0
9.4
March
1955
41.9
32.4
46.3
2.6
32.5
14.1
7.7
65.6
14.9
24.8
47.0
11.2
23.3
14.5
19.3
14.7
28.6
37.3
4.8
7.4
14.8
43.3
9.7
6.4
39.9
37.7
lie
II9
- —
•
The Bridgeport area adds to the SMA the towns of Easton and Monroe.
The Spring field- Holyoke SMA and Boston SMA are very different from the labor market
areas as reported. Brockton is considered a separat j labor market.
The Wilmington area, Delaware, excludes Salem county, N. J., a part of the SMA.
The Chicago labor market area includes Cook and DuPage counties, Illinois, and Lake
County, Indiana. The SMA, considerably larger in area, comprises 4 additional Illinois
counties.
The Duluth-Superior labor market includes the city of Duluth and Douglas county, Wisconsin, but excludes the remainder of St. Louis county, Minnesota.
The Toledo labor market area includes not only Lucas county (the SMA), but also the industrial townships of Ross and Rossford in Wood county.
NOTE.—Precise definitions of labor market areas are contained in the Directory of Important Labor Market Areas, 4th Edition July 1954, U. S. Department of Labor; standard metropolitan areas are defined in the list of SM A's published by the Bureau of the Budget, 1951 and
revisions.
Sources: U. S. Department of Commerce, Bureau of the Census (1940 and 1950) and Office of
Business Economics; U, S. Department of Labor, Bureau of Employment Security and Bureau of Labor Statistics (1953-55).
Technical Notes
To indicate more fully the diversity of employment experience among localities, data have
been assembled in the table for all labor market areas with a population of 275,000 or more in
1950, and 23 additional smaller areas. Some of the latter have been included in order to
provide fuller geographic coverage in the South, and some are illustrative of special situations—such as Fall River and Lawrence where the decline in textile activity has created an
oversupply of labor for many years.
The 1950 population, and total nonagricultural employment as of the March-April census
enumeration periods of 1940 and 1950 and as of March of 1953, 1954, and 1955 are shown for
each area, as is the importance of employment in durable goods manufacturing in March of
1953 and 1955. In addition, the proportion of female employment and the percentage changes
in male and female employment are shown for selected dates. Although not utilized in the
discussion of recent employment changes, the latter figures are of interest inasmuch as they
show wide differences among areas both in the proportion of women among nonagricultural
wage and salary workers and in employment trends for males and females. Esp°cially noticeable are the sizeable increases which have occurred in female employment generally and also in
a number of areas where male employment has shown little expansion or actually declined
since 1940.
The data for the 95 labor market areas, which are based upon Bureau of Labor Statistics
and Bureau of Employment Security reports for 1953-55 and Bureau of Census data for 1940
and 1950, have been made as comparable as possible by adjustment of the earlier figures.
The United States Census of population of 1950 based the definitions of standard metropolitan areas upon the inclusion of stated counties. The two exceptions to this rule were
in densely populated New England where area confines were established by towns, and
in Virginia where large cities are independent and outside of county boundaries.
The standard metropolitan area as denned in the 1950 Census was quite different from the
concept of the metropolitan district utilized in the 1940 Census, which was based upon population density. The standard metropolitan area is similar to the industrial areas used by the
1939 and 1947 Censuses of Manufactures.
It was necessary to convert the Census data to a comparable basis in geographic coverage.
By so doing comparable employment data were developed for the census periods of 1940 and
1950 which would tie in with the present area reporting of wage and salary employment by
the BLS metropolitan area and BES labor market area reporting programs.
Method of conversion
In the Census of 1940, the total number of wage and salary workers was given for each
county and city in the United States, for the larger towns in New England, and for the townships and boroughs of New Jersey. From this class-of-worker group, two subtractions were
made—domestic service workers, and farm laborers and farm foremen. Estimates for geographic subdivisions for which class-of-worker data were not available were made by applying the ratio of nonagricultural wage and salary workers to the population of the subdivision
in proportion to that of the appropriate county. These data were then combined into SMA
or BES labor market areas.
, ,
For 1950, Census data on a standard metropolitan area basis greatly facilitated the operation. For that year the total number of wage and salary workers was obtained by adding
Government wage and salary workers to those employed in private industries, and then pri-
vate household workers (as they were renamed in 1950) and farm laborers, (except unpaid
family workers), and farm foremen were removed from the total as in 1940.
Data subsequent to 1950 were obtained where available from the Bureau of Labor Statistics, which covers about one-fourth of the areas, and from the Bureau of Employment Security
for the remaining areas. Care was taken to see that the data were revised to the most current
available benchmarks from unemployment compensation data.
In order to tie into current area employment series in those cases where BES labor market
areas differ from the standard metropolitan area, mainly in New England and New Jersey,
conversion was also made to the BES labor market area basis. This was particularly desirable because the breakdown of employment by sex is available only from BES data.
Differences
in concept
In the data presented in this article, census estimates obtained by the enumeration of individuals are made consistent, as far as possible, with the BES-BLS establishment or payroll series. Although conceptual differences between these two series are not considered
significant enough seriously to impair the comparisons of employment changes by areas, they
should nevertheless be mentioned. These conceptual differences are:
(1) Data are by residence of the employee in the Population census and by location of
establishment in the payroll series. These are not generally inconsistent by area z/the standard metropolitan area is sufficiently broad in geographical coverage to include the general
commuting areas from which the labor supply is drawn. In some densely populated areas
in New England, it appears that some, but relatively slight, interarea commuting occurs.
Under such circumstances discrete labor markets are difficult to define. This problem,
however, is seldom present elsewhere.
In some cases suburban growth has outstripped the current metropolitan area definition,
or the area was perhaps too restricted to begin with. For example, the Indianapolis, Trenton,
and Evansville areas in the table show employment gains which have far outstripped the
indicated population rise over the intercensal decade. In this respect the tabulation may
be helpful in reconsidering the area definition.
(2) In census data, a worker is listed only by his primary occupational or industry attachment. BES-BLS establishment data, on the other hand, include all payroll entries for
multiple jobholders. It is not likely that trends in multiple job holding, particularly over
a short-range period, would be enough to produce any important bias in the comparison of
area employment changes, although it should be recognized that this factor makes comparisons of the 1940 and 1950 Census with the 1953-55 establishment data somewhat inexact.
(3) Census data do not include any employed youth under 14 years of age. The payroll
series include all persons receiving wages regardless of age, but in the nonagricultural industries with which this study is concerned, this difference has a negligible effect.
(4) In the Census series, wage and salary workers in nonagricultural industries include those
"employed but not at work" during the census period of enumeration. Establishments
report persons "employed but not at work" which include only those receiving pay as on
paid vacations or paid leave for sickness or other causes. It is not likely that this difference
would affect significantly the trend in any of the periods covered. Employment data are
shown only for identical months so as to avoid possible seasonal distortions.
r,lew or Kevised
STATISTICAL
SERIES
Manufacturers' Orders and Inventories by Stage of Fabrication
JL HE following tables complete the presentation of the
revised data by the Office of Business Economics on manufacturers' sales, inventories and orders. Last month's
SURVEY carried a brief note on the nature of the revisions
and presented the revised data on sales and the book value
of inventories by major manufacturing industries.
The estimates of new orders, unfilled orders and inventory
book values by the various stages of fabrication shown in this
issue are revised back to January 1951. The data for earlier
periods are unchanged and presented here for comparative
purposes.
Seasonally adjusted estimates of inventories of purchased
materials, goods-in-process and finished goods have also been
developed. These are shown in the accompanying tables
with a breakdown of each of the three components into
durable- and nondurable-goods groups of industries.
The seasonal factors for all of the components were derived
by the standard " ratio-to-mo ving average" procedures. The
seasonally corrected series thus derived for purchased materials, goods-in-process and finished goods inventories were
adjusted so that their sum equaled the seasonally adjusted
inventories obtained by totaling the seasonally adjusted
estimates of total inventories for each industry. The major
reason for this adjustment—which never exceeded 1 percent
in any month—is that a larger sample of firms reports total inventories than is able to provide data by stage of fabrication.
Table 1.—Manufacturers' New Orders, 1951-54
[Millions of dollars]
Unadjusted for seasonal variation
Adjusted for seasonal variation
Nondurable goods
industries
Durable-goods industries
Total
manuYear and Month facturing
Ma-
Transportation Other 2
equipment
With
Total unfilled3 Other ^
orders
Total
Primary
metal
Fabricated
metal
16, 108
13,440
15, 569
13, 356
12, 566
13, 377
2,206
2,039
2,554
2,253
2,156
1,927
1,899
1,550
1,493
1,279
1,145
1,225
4,526
3,969
4,563
3,796
3,866
3,763
4,197
3,165
4,111
3,431
3,024
3,869
22, 671 12, 073
23,064 11,295
22,054 10, 389
Oct
25,024 12, 349
Nov
23,010 11, 000
Dec
21, 805 10, 573
Year.. 294, 132 152,095
2,076
2,058
1,632
2,343
1,665
1,696
24, 605
1,045
1,056
1,212
1,287
1,095
1,045
15, 331
3,509
3,498
2,956
3,405
3,215
3,441
44, 507
3,321
2,360
2,502
2,907
3,083
2,619
38, 589
11, 445
10, 779
13, 099
12, 454
10, 017
13, 186
1,950
1,672
1,839
2,027
1,578
1,137
1,358
913
1,048
1,292
1,013
1,135
3,151
3,279
4,194
3,161
2,752
3,788
2,585
2,577
3,804
3,672
2,452
4,477
22, 711 11, 360
Aug__
22, 654 10, 899
Sept
24,856 12,311
Oct
25, 370 11, 759
22, 323 10, 607
Nov
Dec
24, 395 12, 334
Year_. 282, 987 140, 250
,318
,758
,747
2,029
,745
,868
20, 668
1,166
1,210
1,437
1,228
935
985
13, 720
3,236
3,087
3,062
3,288
2,748
3,516
39, 262
3,126
2,242
3,431
2,596
2,838
3,837
37, 637
12, 799
11,865
12, 925
12, 522
11, 885
12, 941
2,060
1,859
2,184
1,994
2,052
2,124
1,291
1,081
1,365
1,335
1,062
1,059
3,585
3,241
3,423
3,797
3,323
3,354
3,223
3,333
3,043
2,809
2,931
3,799
2,640
2,351
2,910
2,587
2,517
2, 605
23, 671 11, 578
9,712
21, 870
9,658
22, 616
9,504
22, 636
Oct
8,629
Nov
20, 481
9,057
Dec
20, 790
Year.. 281,067 133,075
1,990
1,922
1,211
1,299
1,444
1,390
21,529
1,373
1,082
1,204
925
955
1,037
13,769
3,311
2,644
2,774
2,625
2,319
2,648
37,044
2,217
1,422
1,961
2,279
1,928
1,919
30,864
2,687 12, 093
2,642 12, 158
2,508 12, 958
2,376 13, 132
1,983 11,852
2,063 11, 733
29,869 147,992
9, 205
9,274
10, 438
9,809
9,166
10, 340
1,268
1,386
1,527
1,307
1,377
1,468
819
839
1,133
942
892
1,285
2,586
2,812
2,486
2,721
2, 377
2,726
2,351
2,046
2,707
2,500
2,160
2,240
9,407
20, 876
9,500
21, 827
23, 817 11, 087
23, 574 10, 769
Oct
9,919
Nov
22, 635
24,309 11, 788
Dec
Year_. 268,297 120,702
1,301
1,512
1,605
1,712
1,846
2,151
18,460
890
1,158
1,052
1,101
1,140
1,159
12,410
2,568
2,441
2,998
2,881
2,702
3,029
32,327
2,233
1,699
2,672
2,626
1,824
3,173
28,231
1951: Jan
Feb
Mar ___ _
Apr
May_
June
29,413
25,751
28, 199
24, 512
24, 260
24, 369
July
Aug__
Sept
1952: Jan.__
23,155
Feb
22, 482
Mar _._ . 24,805
Apr
. 23, 935
May_
21, 512
June
24,789
July
1953: Jan
Feb
Mar
Apr
May
June
24,824
23, 610
25, 941
24, 987
24, 184
25, 457
July
Aug
Sept
1954: Jan
Feb
Mar
Apr
May
June
21, 127
21, 078
23, 256
22, 251
21, 060
22, 487
July .
Aug
Sept
chin-
ery i
3,280
2,717
2,848
2,597
2,375
2,593
13, 305
12, 311
12, 630
11, 156
11, 694
10, 992
2,122 10, 598
2,323 11, 769
2,087 11, 665
2,407 12, 675
1,942 12, 010
1,772 11, 232
29, 063 142, 037
2,401
2,338
2,214
2,302
2,222
2,649
11,710
11, 703
11, 706
11,481
11, 495
11, 603
2,514 11,351
2,602 11,755
2,634 12, 545
2,618 13,611
2,341 11,716
2,128 12, 061
28, 963 142,737
2,181
2,191
2,585
2,339
2,360
2,621
12, 025
11, 745
13, 016
12, 465
12, 299
12, 516
11, 922
11,804
12, 818
12, 442
11, 894
12, 147
2, 415 11, 469
2,690 12, 327
2,760 12, 730
2,449 12, 805
2,407 12, 716
2,276 12, 521
29,274 147,595
Nondurable goods
industries
Durable-goods industries
Total
manufacturing
Total
mary
metal
Pri-
Fabricated
metal
Machinery *
Transportation Other 2
equipment
With
Total unfilled3 Other *
orders
9,328
8,769
9,238
8,479
8,963
8,540
29, 210
26, 345
26, 555
24, 671
25, 096
23, 768
15, 924
13, 763
14, 361
13, 140
13, 179
12, 597
2,121
2,081
2,280
2,146
2,178
2,095
1,651
1,782
1,464
1,292
1,245
1,237
4,454
4,018
4,142
3,700
4,099
3,499
4,418
3,165
3,737
3,431
3,183
3,224
3,280
2,717
2,738
2,571
2,474
2,542
13, 286
12, 582
12, 194
11, 531
11,917
11, 171
4,017
3,578
3,170
2,789
2,905
2,404
9,269
9,004
9,024
8,742
9,012
8,767
2,104
8,494
2,422
9,347
9,065
2,600
9,864
2,811
2,842
9,168
8,597
2,635
34, 185 107, 852
23, 366
23, 110
21, 852
23, 993
23, 594
22, 430
12, 126
11,693
10, 503
12, 252
11,710
10, 703
2,097
2,100
1,813
2,252
1,753
1,631
995
978
1,045
1,226
1,319
1,174
3,612
3, 605
3,056
3,422
3,532
3,332
3,321
2,776
2,502
3,060
3,083
2,619
2,101
2,234
2,087
2,292
2,023
1,947
11,240
11,417
11. 349
11,741
11, 884
11, 727
2,364
2,446
2,407
2,579
2,707
2,833
8,876
8,971
8,942
9,162
9,177
8,894
8,963
8,896
9,032
8,915
8,763
8,639
23, 073
22, 867
23, 451
23, 956
22, 337
23, 935
11, 409
10, 983
12, 029
12, 154
10, 523
12, 167
1,875
1,706
1,642
1,930
1,594
1,210
1,161
1,038
1,017
1,175
1,101
1,147
3,100
3,324
3,783
3,098
2,932
3,482
2,872
2,577
3,458
3,672
2,581
3,731
2,401
2,338
2,129
2,279
2,315
2,597
11, 664
11, 884
11, 422
11, 802
11, 814
11, 768
2,775
2,835
2,499
2,673
2,906
2,906
8,889
9,049
8,923
9,129
8, 908
8,862
8,696
2,655
2,681
9,074
9,639
2,906
3,267 10, 344
8,905
2,811
9,165
2,896
33, 706 109, 031
23, 358
22, 916
24, 235
24, 320
23, 098
24, 874
11, 409
11, 321
12, 229
11,715
11,311
12, 453
1,331
1,794
1,941
1,989
1,837
1,796
1,110
1,198
1,239
1,204
1,169
1,132
3,353
3,189
3,147
3,296
3,028
3,350
3,126
2,638
3,268
2,733
2,838
3,837
2,489
2,502
2,634
2,493
2,439
2,338
11,949
11, 595
12, 006
12, 605
11, 787
12, 421
2,983
2,708
2,691
2,997
2,677
3,114
8,966
8,887
9,315
9, 608
9,110
9,307
9,165
8, 972
9, 857
9,506
9,316
9,451
25, 050
24, 188
24, 468
24, 943
25, 181
24, 739
12, 884
12, 069
11,919
12, 232
12, 472
12, 225
1,981
1,897
1,950
1,899
2,073
2,260
1,153
1,201
1,288
1,271
1,154
1,070
3,529
3,287
3,195
3,613
3,538
3,175
3,581
3,333
2,766
2,809
3,085
3,166
2,640
2,351
2,720
2,640
2,622
2,554
12, 166
12, 119
12, 549
12, 711
12, 709
12, 514
2,889
2,801
2,952
3,082
3,173
3,005
9,277
9,318
9, 597
9,629
9,536
9,509
9,560
2,533
9,721
2,437
2,922 10, 036
2,865 10, 267
9,176
2,676
9,245
2,488
33,720 114,272
23, 948
22, 122
21, 989
21, 824
20, 970
21, 304
11, 497
10, 038
9,650
9,527
9,098
9,253
2,010
1,961
1,346
1,274
1,520
1,337
1,283
1,127
1,056
934
1,061
1,152
3,327
2,737
2,872
2,657
2,523
2,578
2,217
1,673
1,868
2,399
1,928
1,919
2,660
2,540
2,508
2,263
2,066
2,267
12, 451
12, 084
12, 339
12, 297
11,872
12, 051
2,846
2,462
2,706
2,629
2,549
2,675
9,605
9,622
9,633
9,668
9,323
9,376
9,230
9,041
9,836
9,615
9,110
9,176
21, 507
21, 604
21, 883
22, 317
21, 931
21, 956
9,376
9,394
9,585
9,619
9,588
9,822
1,219
1,414
1,363
1,245
1,391
1,562
819
883
1,012
924
939
1,224
2,545
2,860
2,310
2,587
2,526
2,599
2,612
2,046
2,461
2,500
2,274
1,867
2,181
2,191
2,439
2,363
2,458
2,570
12, 131
12, 210
12, 298
12, 698
12, 343
12, 134
2,719
2,791
2,787
2,945
2,962
2,913
9,412
9,419
9,511
9,753
9,381
9,221
9,020
2,449
9,572
2, 755
9,703
3,027
9,882
2,923
9,663
3,053
9,620
2,901
34,127 113,468
21,415
21,913
23, 286
22, 870
23, 142
24, 760
9,407
9,756
11, 153
10, 790
10, 491
11,963
1,314
1,543
1,783
1,678
1,943
2,068
890
1,103
992
1,101
1,267
1,288
2,579
2.524
3,073
2,915
2,950
2,933
2,233
1,999
2,545
2,764
1,824
3,173
2,391
2,587
2,760
2,332
2,507
2,501
12, 008
12, 157
12, 133
12, 080
12, 651
12, 797
2,752
2,783
2,803
2,682
2,907
3,119
9,256
9,374
9,330
9,398
9,744
9,678
3,977
3,542
3,392
2,677
2,731
2,452
2,747
2,807
2,674
2,566
2,732
2,964
2,860
2,773
3,159
2,959
2,983
3,065
2,692
2,763
2,982
2,827
2,784
2,971
For footnotes see table 2.
21
SUKVEY OF CURRENT BUSINESS
22
June 1955
Table 2.—Manufacturers' Unfilled Orders, End of Period 1951-54
[Millions of dollars; not adjusted for seasonal variation]
Total manufacturing
Primary
metals
1951: January _ .
42, 576
6,357
48, 017
February
6,662
52, 160
46, 197
March
56, 321
50, 230
7,166
April
__
52, 930
7,484
58, 709
May..
54, 589
7,604
60, 101
June
62, 385
7,519
57, 348
July
.
7,895
65, 048
60, 426
August
61,354
8,015
65, 360
September
7,834
61,883
65, 585
October
8,143
66, 278
62,908
7,865
November
_
66, 853
63,456
December
67, 553
64, 141
7,620
1952: January. _
..
65, 450
7,706
68, 753
7,549
February .
69, 072
65, 745
March
_
70, 959
67, 813
7,446
April..
72, 173
69, 227
7,700
May
... . _
7,530
71,440
68, 354
June _
7,775
74, 770
71, 367
July
77, 593
74, 028
8,280
74, 582
August
77, 962
8,283
75, 113
8,097
78, 361
September
October
74, 122
8,016
77, 293
73, 135
November
76, 256
7,828
73, 176
7,563
76, 343
December
1953: January
__ __
74, 222
77, 380
7,607
February
73, 940
7,504
77, 048
March
_
__
76, 503
73, 308
7,497
April
72, 403
7,334
75, 566
May:
7,228
74, 707
71, 425
7,214
June
74, 503
71, 053
July . _ _ _
70, 399
73, 659
7,271
August
70, 656
67, 845
7,157
64, 813
6,414
September
.
67, 600
October
5,708
63, 998
61, 429
61, 364
58, 878
5,369
November
56, 673
5,049
December
58, 987
1954: January
57, 516
55, 120
4,609
February
55, 876
53, 470
4,403
March
4,196
54, 099
51, 706
April
52, 311
49, 870
3,835
48, 043
June
50, 705
3,573
May
46, 678
3,319
49, 548
July
48, 696
3,199
45, 894
August
3,182
47, 359
44, 693
3,173
44, 828
47, 504
September
October
44, 908
3,239
47, 440
3,402
46,
384
43,
739
November
3,760
43, 790
December...
.
46, 529
1. Include electrical machinery.
2. Include professional and scientific instruments, lumber, furniture, stone, clay and glass,
and miscellaneous.
3. Consists of textile, leather, paper, and printing and publishing. Unfilled orders for other
nondurable-goods industries are negligible.
Fabricated
metals
Machinery *
Transportation
equipment
All manufacturing
1951: January
February
March
_ _
April
May..
June
July__
._
August
September
October
November.. •
December
_ .
1952: January
February .
_
March
_
._
April
May
_. _ _.
__
June
_
July
August
September
October
November
December
1953: January
February __ _
March
April... -.
May
June
July
August
_
September . .. .
October
November
December
1954: January
February
March
April
May
June
July
. . __
August
September
October
November
December
1. Book value as of end of period.
Total inventory
Purchased
materials
Goods in
process
Total inventory
15.2
8.9
]1.5
35.6
9.1
36.2
15.5
11.6
9.4
15.8
11.8
37.0
9.9
12.3
16.0
38.2
10.0
13.0
16.1
39.1
16.3
10.1
13.6
40.0
14.2
16.5
10.1
40.8
10.2
16.5
14.7
41.4
16.4
10.4
14.8
41.6
10.6
14.7
16.7
42.0
10.9
16.7
14.7
42.3
16.9
14.9
11.2
43.0
16.9
15.3
11.7
43.9
12.0
15.3
16.7
44.0
12.2
16.5
15.4
44.1
12.3
16.2
15.5
44.0
12.3
15.4
16.1
43.8
12.1
15.4
15.8
43.3
12.1
15.1
15.7
42.9
12.3
15.1
15.5
42.9
14.8
15.6
12.5
42.9
12.6
15.7
14.7
43.0
12.4
16.0
14.8
43.2
15.0
16.3
12.7
44.0
13.0
16.0
15.3
44.3
44.4
13.3
15.2
15.9
13.5
15.3
44.6
15.8
15.6
15.6
13.7
44.9
16.0
13.7
45.4
15.7
16.2
15.9
13.7
45.8
13.6
16.0
16.2
45.8
13.6
16.4
16.0
46.0
16.4
16.1
13.5
46.0
16.1
13.2
16.5
45.8
13.1
16.7
16.1
45.9
13.2
16.9
46.2
16.1
13.2
16.9
15.8
45.9
13.2
15.4
16.9
45.5
13.1
45.2
17.0
15.1
12.9
14.8
16.8
44.5
14.6
12.7
17.0
44.3
14.8
12.3
17.1
44.2
12.1
16.7
14.7
43.5
16.4
14.4
12.0
42.8
16.1
12.0
42.6
14.5
12.3
14.4
16.2
42.9
12.3
16.2
14.5
43.0
12.4
16.5
14.6
43.5
Source: U. S. Dept. of Commerce, Office of Business
Total
l
Durable-goods industries
Finished
goods
Other 2
5,615
5,441
4,895
13, 869
11,840
6,049
15, 152
5,963
5,338
12, 996
6,229
6,091
5,603
16, 577
14, 655
6,336
5,779
5,736
17, 514
15, 860
6,143
5,735
5,512
18, 522
16, 585
6,344
5,839
19, 425
5,037
18, 221
6,461
5,865
19, 651
4,622
20, 554
6,371
5,762
4,006
21,313
19, 893
6,245
3,702
5,832
21, 575
20, 397
5,805
6,060
3,370
21,837
21, 063
5,751
22,093
21, 991
3,397
5,756
3,412
22, 487
5,662
5,776
22,596
5,926
3,303
6,040
22, 708
23, 070
5,904
22, 863
6,028
3,327
23, 401
5,954
23, 774
3,146
5,841
24, 798
6,026
23, 711
5,840
2,946
25, 950
5,945
5,686
3,086
23, 313
25, 880
5,995
23, 819
3,403
5,998
27, 780
6,127
24, 260
6,277
3,565
29, 084
6,391
24, 385
6,181
29, 342
3,380
6,367
6,368
24, 159
30, 122
3,248
6,222
6,102
23, 940
29, 842
3,171
6,062
23, 459
5,992
3,121
29, 794
5,744
5,871
23, 347
3,167
30, 651
6,023
6,033
23, 687
30, 872
3,158
5,929
5,993
23, 449
3,108
31, 065
5,976
23, 038
6,160
3,195
30,637
6,002
6,072
23, 095
29, 900
3,163
5,817
22, 877
29, 508
5,995
3,282
5,940
5.548
3,450
22, 469
29, 882
6,103
22, 621
5', 635
28, 769
3,260
6,126
5,351
22, 009
2,811
27, 202
5,168
21, 200
26, 176
5,855
2,787
5,396
4,766
20, 345
25, 214
2,569
4,912
4,606
19, 522
24, 469
2,486
18,811
4,620
2,314
4, 636 '
23, 557
4,356
18, 359
23, 206
4,590
2,396
4,116
4,516
2,406
17, 944
22, 491
4,044
4,452
2,393
16, 805
22, 209
3,796
16, 184
21, 730
4,325
2,441
2,662
3,555
15, 476
21, 134
4,305
14, 883
20, 511
2,870
3,618
4,347
20, 169
14, 679
4,448
2,802
3,399
2,666
14, 236
4,549
3,317
19, 409
2,676
14, 096
19, 876
4,537
3,146
13, 912
2,532
3,031
20, 449
4,277
3,068
13, 621
4,103
2,645
19, 545
2,739
3,184
13, 363
3,978
19, 505
4. New orders for this group which includes the food, beverage, apparel, tobacco, chemical, petroleum and rubber industries, are considered as equal to sales.
Source: U. S. Dept. of Commerce, Office of Business Economics.
Table 3.—Manufacturers' Inventories by Stage of Fabrication
[Billions of dollars: not adjusted for seasonal variation]
Year and month
Nondurablegoods industries 34
Durable-goods industries
Total
Purchased
materials
17.4
17.8
18.2
18.8
19.6
20.2
20.7
21.2
21.6
21.9
22.2
22.8
23.4
23.7
23.9
24.1
24.2
23.8
23.3
23.4
.
23.4
23.6
23.7
24.4
24.7
24.9
25.3
25.6
26.1
26.3
26.3
26.4
26.3
26.2
26.2
26.4
26.2
25.9
25.8
25.3
25.1
24.8
24.1
23.6
23.4
23.7
23.7
24.0
Economics.
6.2
6.3
6.3
6.3
6.6
6.9
7.1
7.2
7.3
7.5
7.5
7.6
7.6
7.5
7.4
7.3
7.3
7.2
7.1
7.1
7.2
7.3
7.4
7.5
7.3
7.3
7.2
7.2
7.5
7.7
7.9
7.9
7.9
7.8
7.7
7.6
7.4
7.2
7.1
6.9
6.9
7.0
6.9
6.7
6.7
6.6
6.6
6.5
Goods in
process
6.4
6.5
6.8
7.2
7.3
7.3
7.4
7.6
7.8
8.0
8.3
8.6
8.9
9.2
9.4
9.6
9.6
9.5
9.4
9.6
9.7
9.8
9.7
10.1
10.3
10.4
10.7
10.8
10.8
10.8
10.7
10.8
10.7
10.5
10.5
10.6
10.5
10.4
10.3
10.1
9.9
9.6
9.4
9.3
9.3
9.6
9.6
9.7
Nondurable-goods industries
Finished
goods
4.8
5.0
5.1
5.3
5.7
6.0
6.2
6.4
6.5
6.4
6.4
6.6
6.9
7.0
7.1
7.2
7.3
7.1
6.8
6.7
6.5
6.5
6.6
6.8
7.1
7.2
7.4
7.6
7.8
7.8
7.7
7.7
7.7
7.9
8.0
8.2
8.3
8.3
8.4
8.3
8.3
8.2
7.8
7.6
7.4
7.5
7.5
7.8
Total inventory
18.2
18.4
18.8
19.4
19.5
19.8
20.1
20.2
20.0
20.1
20.1
20.2
20.5
20.3
20.2
19.9
19.6
19.5
19.6
19.5
19.5
19.4
19.5
19.6
19.6
19.5
19.3
19.3
19.3
19.5
19.5
19.6
19.7
19.6
19.7
19.8
19.7
19.6
19.4
19.2
19.2
19.4
19.4
19.2
19.2
19.2
19.3
19.5
Purchased
materials
9.0
9.2
9.5
9.7
9.5
9.4
9.4
9.3
9.1
9.2
9.2
9.3
9.3
9.2
9.1
8.9
8.8
8.6
8.6
8.4
8.4
8.4
8.6
8.8
8.7
8.6
8.6
8.4
8.2
8.2
8.1
8.1
8.2
8.3
8.4
8.5
8.4
8.2
8.0
7.9
7.7
7.8
7.8
7.7
7.8
7.8
7.9
8.1
Goods in
process
2.5
2.6
2.6
2.7
2.7
2.8
2.7
2.6
2.6
2.6
2.6
2.6
2.8
2.8
2.8
2.7
2.7
2.6
2.7
2.7
2.8
2.8
2.7
2.6
2.7
2.9
2.8
2.9
2.9
2.9
2.9
2.8
2.8
2.7
2.6
2.6
2.7
2.8
2.8
2.8
2.8
2.7
2.7
2.7
2.7
2.7
2.7
2.7
Finished
goods
6.7
6.6
6.7
7.0
7.3
7.6
8.0
8.3
8.3
8.3
8.3
8.3
8.4
8.3
8.3
8.3
8.1
8.3
8.3
8.4
8.3
8.2
8.2
8.2
8.2
8.0
7.9
8.0
8.2
8.4
8.5
8.7
8.7
8.6
8.7
8.7
8.6
8.6
8.6
8.5
8.7
8.9
8.9
8.8
8.7
8.7
8.7
8.7
SURVEY OF CURRENT BUSINESS
June 1955
23
Table 4.—Manufacturers' Inventories by Stage of Fabrication
[Billions of dollars; adjusted for seasonal variation]
All manufacturing
Year and month
1939: January
February
March. _ _ _ _ _ _ _ _
April
May.
June
July
August
__ ___
September
October
November
December
1940: January
February..
.
March
April. ._ ___ . _ _
__ __
May
June
___ __
July
August
September
_ _ _
October _ _ _ __ _ _ _ __
November
December
1941: January
February
March
April
. ..
May. _ - _ _
June
__.
July
August
September
October
November _.
_._
December
.
1942: January
February
_ __
_ _ _
March
April
May
June
...
July
August
_
_- _
September
October
November
December
1943: January
_.
February
March
_ _
April
May. _ _
_
June
July
August
September-. _ -_
__
October
November .
__
December
1944: January . _ _ _ _ _ _
February
March
_
April
Mav
June
July
August
September _
October
November
December
1945: January . _ _
__ .
February
March
April
May
_
June
July
August
September
October
November
December
1946: January
February
March
April
May
June.
_ _
July. _ . _ _
August
September.. .
__
October.
November
December... ___
._ _
See footnotes at end of table.
Total inventory
Purchased
materials
10.8
10.8
10.8
10.7
10.6
10.6
10.6
10.6
10.8
10.9
11.2
11.5
11.7
11.8
11.8
11.8
11.9
11.9
12.0
12.2
12.4
12.4
12.6
12.8
13.0
13.2
13.4
13.7
14.0
14.4
14.9
15.3
15.7
16.0
16.3
17.0
17.3
17.6
17.9
18.2
18.6
18.8
18.9
19.0
19.0
18.9
19.1
19.3
19.1
19.0
19.1
19.2
19.3
19.4
19.4
19.4
19.6
19.6
19.8
20.1
20.1
20.2
20.1
20.2
20.1
20.1
20.0
20.0
19.9
19.9
19.6
19.5
19.4
19.3
19.3
19.4
19.3
19.1
19.2
18.8
18.8
18.7
18.7
18.4
18.2
18.9
19.3
19.6
20.0
20.4
21.4
22.1
22.7
23.7
24.2
24.5
3.7
3.7
3.7
3.6
3.6
3.6
3.6
3.6
3.8
3.9
4.1
4.2
4.3
4.3
4.3
4.2
4.2
4.2
4.3
4.4
4.5
4.5
4.7
4.7
4.8
4.9
5.0
5.2
5.4
5.7
5.9
6.1
6.5
6.6
6.8
7.1
7.2
7.4
7.5
7.7
7.9
8.0
8.0
8.0
8.0
7.9
8.0
8.0
8.0
8.0
8.0
8.0
8.2
8.1
8.2
8.2
8.2
8.3
8.4
8.4
8.5
8.5
8.5
8.5
8.4
8.4
8.5
8.3
8.2
8.1
8.0
8.0
7.9
8.0
8.0
8.1
8.1
8.0
8.1
8.1
8.2
8.0
8.1
8.1
7.9
8.1
8.5
8.9
8.9
9.1
9.6
9.9
9.9
10.3
10.6
11.0
Goods in
process
2.1
2.1
2.1
2.1
2.0
2.0
2.0
2.0
2.1
2.2
2.2
2.3
2.4
2.3
2.3
2.3
2.4
2.3
2.4
2.5
2.6
2.7
2.7
2.9
3.0
3.1
3.2
3.3
3.5
3.5
3.7
4.0
4.1
4.2
4.2
4.4
4.4
4.6
4.8
4.8
4.9
4.9
5.1
5.2
5.3
5.4
5.6
5.8
5.7
5.8
5.9
6.1
6.1
6.2
.6.1
6.1
6.2
6.2
6.2
6.6
6.4
6.4
6.3
6.3
6.4
6.4
6.3
6.4
6.3
6.4
6.3
6.4
6.4
6.3
6.4
6.4
6.3
6.2
6.2
5.7
5.5
5.6
5.3
5.0
5.0
5.2
5.2
5.3
5.7
5.9
6.0
6.0
6.2
6.3
6.4
6.4
Nondurable-goods industries
Durable-goods industries
Finished
goods
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
4.9
4.8
4.9
5.0
5.0
5.2
5.2
5.3
5.3
5.4
5.3
5.3
5.3
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.1
5.2
5.3
5.2
5.1
5.2
5.3
5.5
5.7
5.6
5.6
5.7
5.8
5.9
5.8
5.8
5.7
5.6
5.5
5.5
5.4
5.2
5.2
5.1
5.0
5.1
5.1
5.1
5.2
5.1
5.2
5.1
5.2
5.3
5.3
5.4
5.3
5.3
5.2
5.3
5.4
5.4
5.3
5.1
5.1
5.0
4.9
4.9
4.9
4.9
4.9
5.0
5.1
5.1
5.3
5.3
5.3
5.6
5.6
5.4
5.4
5.4
5.8
6.2
6.6
7.1
7.2
7.1
Total inventory
Purchased
materials
5.0
5.0
5.0
4.9
4.8
4.4
4.8
4.8
4.9
5.0
5.2
5.4
5.5
5.5
5.5
5.5
5.5
5.5
5.6
5.7
5.9
6.0
6.1
6.3
6.4
6.6
6.7
6.9
7.1
7.2
7.4
7.7
7.9
8.1
8.2
8.6
8.7
8.9
9.1
9.3
9.5
9.6
9.8
9.8
9.9
10.0
10.2
10.5
10.3
10.4
10.5
10.6
10.6
10.8
10.8
10.7
10.9
10.9
10.9
11.2
11.1
11.1
10.9
11.0
10.9
10.9
10.8
10.8
10.7
10.8
10.5
10.4
10.3
10.3
10.3
10.3
10.3
10.1
10.1
9.6
9.4
9.3
9.1
8.8
8.6
9.0
9.2
9.5
9.7
10.1
10.4
10.8
11.2
11.5
11.7
12.0
1.6
1.6
1.6
1.5
1.5
1.4
1.4
1.4
1.5
1.6
1.7
1.8
1.8
1.8
1.8
1.7
1.7
1.8
1.8
1.8
1.9
1.9
2.0
2.1
2.1
2.2
2.2
2.3
2.4
2.5
2.6
2.7
2.9
2.9
3.0
3.1
3.1
3.2
3.2
3.4
3.5
3.6
3.6
3.5
3.6
3.6
3.7
3.7
3.7
3.8
3.7
3.7
3.8
3.7
3.8
3.8
3.8
3.8
3.8
3.9
3.9
3.9
3.8
3.9
3.8
3.7
3.7
3.6
3.5
3.5
3.4
3.3
3.3
3.3
3.2
3.3
3.3
3.3
3.3
3.3
3.3
3.2
3.2
3.2
3.1
3.3
3.4
3.7
3.6
3.7
3.8
4.0
4.1
4.2
4.3
4.5
Goods in
process
1.3
1.3
1.3
1.3
1.2
1.3
1.3
1.3
1.3
1.4
1.4
1.5
1.6
. 1.5
1.5
1.6
1.6
1.5
1.6
1.7
1.8
1.9
1.9
2.0
2.1
2.2
2.3
2.4
2.5
2.5
2.6
2.8
2.9
3.0
3.0
3.2
3.2
3.3
3.5
3.5
3.6
3.6
3.8
3.9
4.0
4.1
4.3
4.6
4.5
4.5
4.7
4.8
4.8
5.0
4.9
4.8
4.9
5.0
5.0
5.2
5.1
5.1
5.0
5.0
5.1
5.1
5.0
5.1
5.0
5.1
4.9
5.0
4.9
4.9
5.0
4.9
4.9
4.7
4.7
4.2
4.0
4.0
3.8
3.5
3.4
3.6
3.6
3.6
3.9
4.1
4.2
4.3
4.4
4.5
4.6
4.6
Finished
goods
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.0
2.1
2.1
2.1
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.1
2.2
2.2
2.3
2.4
2.4
2.4
2.4
2.4
2.4
2.4
2.4
2.3
2.3
2.2
2.2
2.1
2.1
2.1
2.1
2.0
2.1
2.1
2.1
2.2
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.0
2.1
2.1
2.1
2.2
2.2
2.2
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.2
2.2
2.2
2.3
2.4
2.5
2.7
2.8
2.8
2.9
Total inventory
5.8
5.8
5.8
5.8
5.8
5.8
5.8
5.8
5.9
5.9
6.0
6.1
6.2
6.3
6.3
6.3
6.4
6.4
6.4
65
6.5
6.4
6.5
6.5
6.6
6.6
6.7
6.8
6.9
7.2
7.5
7.6
7.8
7.9
8.1
8.4
8.6
8.7
8.8
8.9
9.1
9.2
9.1
9.2
9.1
8.9
8.9
8.8
8.8
8.6
8.6
8.6
8.7
8.6
8.6
8.7
8.7
8.7
8.9
8.9
9.0
9.1
9.2
9.2
9.2
9.2
9.2
9.2
9.2
9.1
9.1
9.1
9.1
9.0
9.0
9.1
9.0
9.0
9.1
9.2
9.4
9.4
9.6
9.6
9.6
9.9
10.1
10.1
10.3
10.3
11.0
11.3
11.5
12.2
12.5
12.5
Purchased
materials
2.1
2.1
2.1
2.1
2.1
2.2
2.2
2.2
2.3
2.3
2.4
2.4
2.5
2.5
2.5
2.5
2.5
2.4
2.5
2.6
2.6
2.6
2.7
2.6
2.7
2.7
2.8
2.9
3.0
3.2
3.3
3.4
3. 6
3.7
3.8
4.0
4.1
4.2
4.3
4.3
4.4
4.4
4.4
4.5
4.4
4.3
4.3
4.3
4.3
4.2
4.3
4.3
4.4
4.4
4.4
4.4
4.4
4.5
4.6
4.5
4.6
4.6
4.7
4.6
4.6
4.7
4.8
4.7
4.7
4.6
4.6
4.7
4.6
4.7
4.8
4.8
4.8
4.7
4.8
4.8
4.9
4.8
4.9
4.9
4.8
4.8
5.1
5.2
5.3
5.4
5.8
5.9
5.8
6.1
6.3
6.5
Goods in
process
0.8
.8
.8
.8
.8
.7
.7
.7
.8
.8
.8
.8
.8
.8
.8
.7
.8
.8
.8
.8
.8
.8
.8
.9
.9
.9
.9
.9
1.0
1.0
1.1
1.2
1.2
1.2
1.2
1.2
1.2
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.2
1.2
1.3
1.2
1.3
1.3
1.2
1.2
1.3
1.3
1.2
1.2
1.4
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.4
1.4
1.5
1.4
1.4
1.5
1.4
1.5
1.5
1.5
1.5
1.6
1.5
1.5
1.6
1.6
1.6
1.7
1.8
1.8
1.8
1.7
1.8
1.8
1.8
1.8
Finished
goods
2.9
2.9
2.9
2.9
2.9
2.9
2.9
2.9
2.8
2.8
2.8
2.9
2.9
3.0
3.0
3.1
3.1
3.2
3.1
3.1
3.1
3.0
3.0
3.0
3.0
3.0
3.0
3.0
2.9
3.0
3.1
3.0
3.0
3.0
3.1
3.2
3.3
3.2
3.2
3.3
3.4
3.5
3.4
3.4
3.4
3.3
3.3
3.3
3.3
3.1
3.1
3.0
3.0
3.0
3.0
3.0
3.0
3.0
3.1
3.0
3.1
3.2
3.2
3.3
3.3
3.2
3.1
3.2
3.2
3.2
3.1
3.0
3.0
2.9
2.8
2.8
2.8
2.8
2.8
2.9
3.0
3.0
3.2
3.2
3.2
3.5
3.4
3.2
3.2
3.1
3.4
3.7
3.9
4.3
4.4
4.2
SURVEY OF CURRENT BUSINESS
24
June 1955
Table 4.—Manufacturers' Inventories by Stage of Fabrication—Continued
[Billions of dollars; adjusted for seasonal variation]
All manufacturing
Year and month
1947: January
February
March " .
April
..
May
June
__
_
_.
July
August
September
__
October
November
December
1948: January
February
__ ...
March
April
May
June.. .
_.
July
August. _
September
October. _. .
November
December
1949: January,.
February
March
April
May ... _
_
June
Julv
August .
_
September
October.
__
November
December
1950; January
.
February
March _ _ _ _ _ _ _ _ _ _ _ _
April
M a y_
. _ _ _ _
__
June
July
August... - - _ _ _ .
September
October
November
December _. . _ _ _ _ _
_ _
1951; January..,
...
February
March
. ...
April
May
.__
__
June
Julv
August
September
... _
_ _
October
November _ _
December.. _
_ _
1952: January
February
_
_. __
March
\pril
May ...
June
July
August
_ _____-_-__.__
September
.
October
November
December _ . _ __ ..
. ___
1953: January
February
.__
__
March
April _
Mav
June
-.
July
.
\ugust
September . _
_ __
October
November
. . _.
_. _
December
1954: January
February
March
April
Mav
June*
- Julv
August
_ _ __
September
October
November . _ _
December .. ._ .. _
1. Book value as of end of period.
Total inventory
25.3
25.8
26.3
26.9
27.4
27.6
27.8
28.2
28.2
28.4
28.7
28.9
29.0
29.2
29.5
29.6
30.0
30.3
30.7
31.0
31.3
31.5
31.7
31.7
32.0
32.1
31.8
31.5
31.2
30.6
30.2
29.8
29.3
29.0
28.7
28.9
29.0
29.0
29.2
29.3
29.5
29.7
29.8
30.1
31.0
31.9
33.4
34.3
35.3
35.9
36.9
38.2
39.1
39.9
40.8
41.6
41.9
42.3
42.6
42.8
43.5
43.8
43.9
43.9
43.7
43.3
42.9
43.1
43.2
43.3
43.5
43.8
44.0
44.2
44.4
44.8
45.3
45.7
45.8
46.2
46.3
46. 1
46.1
45.9
45.6
45.3
45.0
44.5
44.3
44.2
43.4
43.0
42.9
43.2
43.3
43.2
Purchased
materials
11.2
11.4
11.6
11.9
12.1
12.2
12.0
12.0
11.9
11.8
12.0
12.3
12.3
12.3
12.5
12.6
12.7
12.9
13.0
13.0
12.9
12.9
12.9
12.9
13.1
12.9
12.5
12.3
12.1
11.8
11.4
11.4
11.2
11.1
11.0
11.1
11.1
11.1
11.1
11.1
11.2
11.3
11.6
12.0
12.6
13.1
13.8
14.5
15.1
15.3
15.8
16.3
16.4
16.5
16.6
16.7
16.4
16.6
16.6
16.5
16.7
16.6
16.5
16.4
16.4
16.1
15.8
15.7
15. 6
15. 6
15.8
15.9
15.8
15.7
15.8
15.9
16.1
16.1
16.1
16.1
16.1
15.9
15.8
15.6
15.5
15.3
15.1
15.0
15.0
15.1
14.9
14.5
14.5
14.3
14.4
14.1
Goods in
process
6.6
6.7
6.8
7.0
7.1
7.1
7.1
7.3
7.3
7.3
7.5
7.4
7.3
7.3
7.3
7.2
7.4
7.3
7.4
7.6
7.6
7.7
7.9
7.6
7.5
7.6
7.5
7.4
7.5
7.2
7.3
7.1
7.0
6.8
6.8
6.8
6.9
6.9
7.0
7.1
7.2
7.3
7.5
7.6
7.8
8.0
8.4
8.5
8.8
9.0
9.3
9.7
10.0
10.1
10.1
10.2
10.5
10.7
11.1
11.3
11.6
11.9
12.0
12.1
12.2
12.1
12.1
12.3
12.5
12.6
12.6
12.9
13.0
13.2
13.3
13.5
13. 6
13.8
13.7
13.7
13.5
13.2
13.4
13.4
13.2
13.0
12.8
12.7
12.6
12.4
12.1
12.0
12.0
12.3
12.5
12.6
Nondurable-goods industries
Durable-goods industries
Finished
goods
.
7.5
7.7
7.9
8.0
8.2
8.3
8.7
8.9
9.0
9.3
9.2
9.2
9.4
9.6
9.7
9.8
9.9
10.1
10.3
10.4
10.8
10.9
10.9
11.2
11.4
11.6
11.8
11.8
11.6
11.6
11.5
11.3
11.1
11.1
10.9
11.0
11.0
11.0
11.1
11.1
11.1
11.1
10.7
10.5
10.6
10.8
11.2
11.3
11.4
11.6
11.8
12.2
12.7
13.3
14.1
14.7
15.0
15.0
14.9
15.0
15.2
15.3
15.4
15.4
15.1
15.1
15.0
15.1
15.1
15.1
15.1
15.0
15.2
15.3
15.3
15.4
15.6
15.8
16.0
16.4
16.7
17.0
16.9
16.9
16.9
17.0
17.1
16.8
16.7
16.7
16.4
16.5
16.4
16.6
16.4
16.5
Total inventory
12.5
12.8
13.0
13.3
13.6
13.8
14.0
14.2
14.2
14.3
14.3
14.3
14.3
14.3
14.4
14.5
14.5
14.7
14.9
15.2
15.4
15.5
15.7
15.7
16.1
16.2
16.1
16.0
15.7
15.3
15.1
14.8
14.5
14.1
13.9
14.0
14.0
14.0
14.1
14.2
14.3
14.5
14.6
14.8
15.1
15.5
16.3
16.8
17.3
17.7
18.1
18.7
19.4
20.1
20.7
21.4
21.8
22.2
22.5
22.8
23.3
23.6
23.7
23.9
24.0
23.7
23.3
23.5
23.7
23.9
24.0
24.4
24.6
24.8
25.1
25.4
25.8
26.1
26.2
26.6
26.6
26. 5
26.5
26. 3
26.1
25.8
25.6
25.1
24.9
24.6
24.0
23.8
23.7
23.9
24.0
24.0
Purchased
materials
4.6
4.8
4.9
5.0
5.1
5.2
5.2
5.3
5.1
5.1
5.0
5.1
5.2
5.2
5.2
5.3
5.2
5.4
5.5
5.6
5.6
5.6
5.6
5.6
5.9
5.9
5.7
5.6
5.4
5.2
5.0
5.0
4.9
4.7
4.5
4.6
4.6
4.7
4.6
4.7
4.7
4.9
5.0
5.2
5.4
5.5
5.8
6.1
6.2
6.3
6.4
6.6
6.7
7.0
7.1
7.2
7.2
7.4
7.4
7.4
7.6
7.6
7.5
7.5
7.5
7.3
7.1
7.1
7.1
7.2
7.3
7.3
7.3
7.3
7.3
7.5
7.7
7.8
7.8
7.9
7.8
7.7
7.5
7.4
7.3
7.2
7.2
7.1
7.1
7.1
6.9
6.7
6.7
6.5
6.5
6.3
Source: U. S. Dept. of Commerce, Office of the Bureau of Economics.
Goods in
process
4.8
4.9
4.9
5.0
5.1
5.1
5.1
5.2
5.2
5.2
5.3
5.2
5.1
5.0
5.0
5.0
5.1
5.1
5.2
5.3
5.3
5.4
5.5
5.4
5.3
5.4
5.3
5.3
5.3
5.1
5.1
4.9
4.8
4.7
4.7
4.7
4.7
4.7
4.8
4.9
5.0
5.0
5.1
5.2
5.4
5.5
5.8
6.0
6.3
6.5
6.7
7.0
7.3
7.4
7.5
7.7
7.9
8.1
8.4
8.6
8.8
9.1
9.3
9.4
9.6
9.5
9.5
9.6
9.8
9.8
9.8
10.2
10.2
10.4
10.6
10.6
10.7
10.8
10.8
10.8
10.7
10.5
10.7
10.6
10.5
10.3
10.1
9.9
9.8
9.6
9.4
9.3
9.3
9.6
9.7
9.8
Finished
goods
3.1
3.1
3.2
3.3
3.4
3.5
3.7
3.7
3.9
4.0
4.0
4.0
4.0
4.1
4.2
4.2
4.2
4.2
4.2
4.3
4.5
4.5
4.6
4.7
4.9
4.9
5.1
5.1
5.0
5.0
5.0
4.9
4.8
4.7
4.7
4.7
4.7
4.6
4.7
4.6
4.6
4.6
4.5
4.4
4.3
4.5
4.7
4.7
4.8
4.9
5.0
5.1
5.4
5.7
6.1
6.5
6.7
6.7
6.7
6.8
6.9
6.9
6.9
7.0
6.9
6.9
6.7
6.8
6.8
6.9
6.9
6.9
7.1
7.1
7.2
7.3
7.4
7.5
7.6
7.9
8.1
8.3
8.3
8.3
8.3
8.3
8.3
8.1
8.0
7.9
7.7
7.8
7.7
7.8
7.8
7.9
Total inventory
12.8
13.0
13.3
13.6
13.8
13.8
13.8
14.0
14.0
14.1
14.4
14.6
14.7
14.9
15.1
15.1
15.5
15.6
15.8
15.8
15.9
16.0
16.0
16.0
15.9
15.9
15.7
15.5
15.5
15.3
15.1
15.0
14.8
14.9
14.8
14.9
15.0
15.0
15.1
15.1
15.2
15.2
15.2
15.3
15.9
16.4
17.1
17.5
18.0
18.2
18.8
19.5
19.7
19.8
20.1
20.2
20.1
20.1
20.1
20.0
20.2
20.2
20.2
20.0
19.7
19.6
19.6
19.6
19.5
19.4
19.5
19.4
19.4
19.4
19.3
19.4
19.5
19.6
19.6
19.6
19.7
19.6
19.6
19.6
19. 5
19.5
19.4
19.4
19.4
19.6
19.4
19.2
19.2
19,3
19. 3
19.2
Purchased
materials
6.6
6.6
6.7
6.9
7.0
7.0
6.8
6.7
6.8
6.7
7.0
7.2
7.1
7.1
7.3
7.3
7.5
7.5
7.5
7.4
7.3
7.3
7.3
7.3
7.2
7.0
6.8
6.7
6.7
6.6
6.4
6.4
6.3
6.4
6.5
6.5
6.5
6.4
6.5
6.4
6.5
6.4
6.6
6.8
7.2
7.6
8.0
8.4
8.9
9.0
9.4
9.7
9.7
9.5
9.5
9.5
9.2
9.2
9.2
9.1
9.1
9.0
9.0
8.9
8.9
8.8
8.7
8.6
8.5
8.4
8.5
8.6
8.5
8.4
8.5
8.4
8.4
8.3
8.3
8.2
8.3
8.2
8.3
8.2
8.2
8.1
7.9
7.9
7.9
8.0
8.0
7.8
7.8
7.8
?:!
Goods in
process
1.8
1.8
1.9
2.0
2.0
2.0
2.0
2.1
2.1
2.1
2.2
2.2
2.2
2.3
2.3
2.2
2.3
2.2
2.2
2.3
2.3
2.3
2.4
2.2
2.2
2.2
2.2
2.1
2.2
2.1
2.2
2.2
2.2
2.1
2.1
2.1
2.2
2.2
2.2
2.2
2.2
2.3
2.4
2.4
2.4
2.5
2.6
2.5
2.5
2.5
2.6
2.7
2.7
2.7
2.6
2.5
2.6
2.6
2.7
2.7
2.8
2.8
2.7
2.7
2.6
2.6
2.6
2.7
2.7
2.8
2.8
2.7
2.8
2.8
2.7
2.9
2.9
3.0
2.9
2.9
2.8
2.7
2.7
2.8
2.7
2.7
2.7
2.8
2.8
2.8
2.7
2.7
2.7
2.7
2.8
2.8
Finished
goods
4.4
4.6
4.7
4.7
4.8
4.8
5.0
5.2
5.1
5.3
5.2
5.2
5.4
5.5
5.5
5.6
5.7
5.9
6.1
6.1
6.3
6.4
6.3
6.5
6.5
6.7
6.7
6.7
6.6
6.6
6.5
6.4
6.3
6.4
6.2
6.3
6.3
6.4
6.4
6.5
6.5
6.5
6.2
6.1
6.3
6.3
6.5
6.6
6.6
6.7
6.8
7.1
7.3
7.6
8.0
8.2
8.3
8.3
8.2
8.2
8.3
8.4
8.5
8.4
8.2
8.2
8.3
8.3
8.3
8.2
. 8.2
8.1
8.1
8.2
8.1
8.1
8.2
8.3
8.4
8.5
8.6
8.7
8.6
8.6
8.6
8.7
8.8
8.7
8.7
8.8
8.7
8.7
8.7
8.8
8.6
8.6
BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are pro-
vided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
1955
1954
May
April
June
July
August
Septem- October November
ber
December
January
Febru- I March
ary
Mav
April
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
1
Seasonally adjusted quarterly totals at annual rates: f
National income, total
bil of dol
Compensation of employees total
Wages and salaries total
Private
Military
Government civilian
Supplements to wages and salaries
do
do
do
do
do
do
299.6
298 8
302.6
206 6
194.9
161 5
208 9
197.2
163 0
9.5
9.3
23.8
11 7
207 2
195.6
161 6
9 6
24.4
11 6
24.7
11 7
24.9
12 5
49.0
25 9
12.2
10 9
48.5
25 9
11.6
10 9
48.1
26 3
11.0
10 9
49
26
12
11
34.9
34.5
17.0
17.5
33
34
16
17
—1 3
9 4
9.5
Proprietors' and rental income, total cf
do
Business and professional of
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
166 0
~ 3
9 2
do
356 0
355 5
362 0
370 0
do
do
do
do
233.1
28.8
120 0
84 3
234.8
28 9
121 1
84 8
237.7
242
33
122
86
Gross private domestic investment, total _.do
New construction
do
Producers' durable equipment do
Change in business inventories
do
45.6
27 0
22.4
—3 8
45
28
21
4
49
29
21
1
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
— 1.0
78.3
51.3
44.7
27 0
285.7
286 2
32.9
253.2
18 4
Gross national product total
Personal consumption expenditures, total
Durable goods _ _ _ _
Nondurable goods
Services
Personal income, total
...
Less: Personal tax and nontax payments
Equals: Disposable personal income
Personal saving§
29 9
122 1
85 7
3
3
8
8
j
i
9. 1
4
i
7
4
2
0
36.4
36.8
18 1
18.7
— 4
9 2
9
2
8
4
{
|
212 7
200.2
i
ji
0
4
1
5
5
1
7
3
53 3
30 8
21 1
13
2
8
o
75.6
47 9
42 1
27 7
74. 1
45 9
40 5
28 2
74
45
40
28
7
9
7
8
289 0
33. 1
255. 9
18 2
2Q2
32
260.
18
7
1
6
7
j
do
do...
do
do
32.9
252.9
19.7
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:f
Total personal income
Wage and salary disbursements, total
Commodity-producing industries
Distributive industries
Service industries _
Government
bil. of dol
do
do. _ ~. _
do
do
do
Other labor income
do
Proprietors' arid rental income
do
Personal interest income and dividends
do
Transfer payments __
do
Less personal contributions for social insurance
bil. of dol. .
284.4
286. 2
286 5
285 7
285 4
286 6
286 3
289 3
291 4
291 4
292 4
r 294 6
194.3
195.0
84.2
52.3
25 2
33 3
195.5
84.0
52.5
25 5
33 5
195.7
83.4
53.1
°5 4
33 8
195. 5
82.7
52.8
25 8
34 2
195. 4
82.4
52.9
25 9
34 2
196.1
82.9
52.9
96 1
34 2
198.1
84.6
53.0
9
6 2
34 3
197.8
84.4
53.1
26 1
34 9
199.3
85.2
53.5
26 4
34 2
199.8
85.9
53.4
26 3
'•{4 2
7
48.2
24.0
15.9
6 6
49.4
24.0
15 8
6 6
49 2
24.1
15 8
6 6
47 9
24.2
15 8
6 6
48 2
24.3
15 "5
6 6
48 8
24.4
16 0
6 6
47 2
24.5
16 5
6 6
48 3
24.6
16 4
6 6
48 8
26.2
16 7
6 6
49 *>
24.7
16 5
4.6
4.6
4.7
4.5
4.7
4.6
4.6
4.7
4.7
5.2
83.7
52. 0
25.2
33. 4
6.6
6 6
40 8
24.8
5.1
201. 7
87.4
r
53.7
r 20 5
r 34 1
*J
202. 2
88.2
53.5
26 4
34 1
6 6
T 49 §
24.8
r
16 9
50 0
25. 0
16 9
5.2
5.1
Total rionagricultural income
do
269. 1
•->79. 2
974 fi
r 97W O
•>-(] G
97(1 6
970 2
971 1
97K f\
97 ri x.
9-1', 9
269. 7
270. 3
r
Revised.
t Re vised series. Quarterly estimates of national income and product have been revised back to 1939 (annual data, to 1929); quarterly and monthly estimates of personal income J
1929 (monthly revisions prior to May 1953 appear in the 1954 issue of the National Income Supplement). For quarterly data prior to 2d quarter 1953, see pp. 8 and 9 of the July 1954 Snc
c? Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditure?
as a component of gross national product above.
345885°—55-
S-l
....
SUEVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
April
Supplement to the Survey
June 19.",5
1954
May
June
1955
DecemOctober NovemAugust September
ber
ber
July
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
I
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals :t
All industries
Manufacturing
_
Durable-goods industries
Nondurable-goods industries
mil . of dol - _
6,932
6 640
6,988
do
do
- -do
2, 859
1,309
1,550
2,645
1,207
1,438
2, 965
1,373
1,592
9
251
179
374
1,060
2 133
244
180
379
1,109
2,110
_
Mining
do
Railroads
do .
Transportation other than rail
do
Public utilities-. do
Commercial and other
- do
Seasonally adjusted quarterly totals at annual rates:
All industries
Ml. of doL
Manufacturing
Mining
__
Railroads
Transportation other than rail
Public utilities
Commercial and other
61
245
375
1,121
2 071
do
- do _ „
- - _ _ _ do _ _
do _
do
do
26 92
26 84
26.18
11 09
1.04
.91
1 44
4.37
8.07
10.98
1.00
.80
1 51
4. 12
8.42
10 58
.91
.08
1 53
4. 01
8 46
'! 5, 847
r
r
r
2, 249
1,063
1, 186
r
r
r
r
r
rl
106
179
359
845
2, 030
25 65
' 10. 17
'.SO
r 74
r 1. 46
M.01
r
8 46
FARM INCOME AND MARKETINGS!
Cash receipts from farming, including Government
payments, total
.. .mil. of dol _
Farm marketings and CCC loans, total
__do
Crops
do
Livestock and products total
do
Dairy products
do
Meat animals
do
Poultry and eggs
- do _ .
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
- 1935-39 = 100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39=100..
Crops
.- . .do ._
Livestock and products
_ ... -do _ .
1,934
1,901
506
1 395
345
762
262
2,015
1, 986
536
1, 450
389
762
259
2,109
2,070
719
1,351
380
689
243
2, 205
2, 187
929
1, 258
360
628
248
2,481
2, 469
1,111
1, 358
349
732
262
3,190
3,178
1,780
1, 398
326
796
260
3,506
3,497
2, 032
1,465
335
835
278
3,191
3,172
1,655
1,517
320
885
298
2,809
2, 779
1,474
1, 305
327
702
261
2,571
2, 536
1,245
1,291
311
741
219
1,948
1,917
738
1,179
299
618
243
1,921
1,898
577
1,321
348
671
286
p 1,998
p 1,983
P645
p 1, 338
p365
p 674
P272
287
179
367
300
189
382
312
254
356
330
328
331
372
393
357
479
629
368
528
718
386
479
585
399
419
521
344
382
440
340
289
261
310
286
204
348
P299
P228
P352
121
66
162
130
69
175
142
104
171
148
132
160
163
155
168
201
233
177
222
263
191
196
199
193
176
183
171
165
167
163
129
106
146
129
79
166
P130
p80
P169
1947-49=100_.
124
124
124
116
123
126
130
130
128
131
135
137
^137
Manufactures
do
Durable manufactures
do
Primary metals _
. . . . . do
Steel.. . ._
do__.
Primary nonferrous metals - - ... . - - -do
Metal fabricating (incl. ordnance)
do_._
Fabricated metal products
do
Machinery. ... .
. __
do _
Nonelectrical machinery . . . . _ do
Electrical machinery
do
125
137
107
105
147
150
120
141
128
16f
125
136
108
108
147
148
121
138
126
162
125
135
109
109
149
147
122
13"
12,
162
116
125
94
96
142
138
116
128
119
145
125
132
100
97
139
144
124
138
118
176
127
135
103
102
137
145
124
145
122
189
132
140
112
112
142
150
126
150
121
207
132
143
118
122
158
154
125
150
121
206
129
143
117
121
160
15f
124
146
123
191
133
147
129
130
159
159
124
148
126
191
136
151
136
138
'167
162
126
152
129
196
140
154
142
146
169
165
130
154
132
196
P139
p 156
P145
__do_._
do
-dodo
_..do.
do
do
do
do
181
151
101
475
140
101
119
128
125
179
14f
101
472
138
98
122
130
124
175
143
9f
472
13f
lOf
115
131
127
165
125
78
469
132
99
91
128
121
165
155
81
74
470
137
111
123
136
13f
159
70
78
464
138
113
134
139
140
179
144
93
471
140
112
123
137
139
191
174
94
478
142
112
IK
134
134
200
195
98
479
M40
109
118
132
129
205
210 i
87 i
477 1
142 !
113 i
125
134
134
210
215
104
47"
145
114
127
138
137
P215
Nondurable manufactures
- - - - - - - - do __
Food and beverage manufactures
do
Food manufactures--. ..
.._ ...do __
Meat products
do Bakery products
do
Beverages
do _.
Alcoholic beverages
...
_do__
Tobacco manufactures
do
Textile-mill products..do
Cotton and synthetic fabrics
... do
Wool textiles __ _
__
. . . . do
114
98
97
106
96
102
100
99
94
99
63
114
103
10(
105
96
113
108
108
94
99
68
115
109
106
108
98
124
114
114
93
96
70
107
109
107
102
99
118
103
92
82
85
68
117
115
117
108
98
108
96
111
97
101
119
120
124
120
98
107
98
109
97
10(
67
12^
117
118
127
99
110
107
111
103
109
69
120
110
113
135
98
97
99
103
102
IK
69
115
101
104
13(
98
88
84
83
98
104
70
119
98
102
138
94
84
80
105
104
114
70
122 !
97 I
99
124 !
95 1;
8?
8fc <
104
108
IK i
72 !
12,
99
10(
128
94
P 122
108
94
136
131
122
147
150
120
128
116
103
89
134
132
121
145
150
123
130
118
99
94
13b
136
119
144
152
124
131
121
91
87
120
116
113
137
145
122
130
85
110
101
137
134
116
144
150
124
131
94
101
94
137
133
122
149
153
127
133
118
10(
98
14(
140
125
155
160
126
132
132
107
94
140
139
125
156
165
129
13f
124
99
94
129
127
123
156
16(
129
140
128
113
105
140
140
118
157
169
132
142
145
116 !
112
148
147
121
161
176
134
144
144
123
113
109
58
137
79
119
112
62
134
108
125
115
63
136
120
127
110
57
133
108
130
111
68
130
100
130
p 1,900
P 500
P 1,400
"
"
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume f
Unadjusted, combined indexf
Transportation equipment
Autos
Trucks. __ . . ...
Aircraft and parts
Instruments and related products
Furniture and
fixtures
Lumber and products
Stone, clay, and glass products
Miscellaneous manufactures
Apparel and allied products
Leather and products.
Paper and allied products ..
Pulp and paper
Printing and publishing
...
Chemicals and allied products
Industrial chemicals
-_ __ ..
Petroleum and coal products
Petroleum refining
_ . _ . ..
Rubber products
_
Minerals.
Coal
Crude oil and natural gas
Metal mining
... ..
Stone and earth minerals
do. ..
do. ..
_do
do
do
do
.. do
do
..do
do...
do
do
do
... do
...do
r
4^
65*
132
107
102
134
130
r
P
P
p
p
p
166
132
152
133
189
p 146
p 111
P143
P 134
109
118
74
126
165
182
132
139
146
P 126
P 128
112
111
114
114
117
120
119
P 121
77
70
75
77
79
71
P72
129
130
138
136
142
145
146
P145
_.
92
98
79
76
79
85
86
129
129
122
126
115
113
123
•• Revised.
*> Preliminary.
i Estimates for the 2d and 3d quarters of 1955, based on anticipated capital expenditures of business, appear on p. 4 of this issue of the SURVEY
^Revisions for 1952 for new plant and equipment appear on p. 10 of the March 1954 SURVEY; those for 1953 appear on p. 8 of the March 1955 SURVEY. Revisions for 1952 and 1953
19 for farm
income and marketings are on p. 24 of the January 1955 SURVEY; for 1951, on p. 24 of the April 1954 SURVEY.
t Revised series. For a detailed description of the revision and monthly and annual data beginning 1947, see the December 1953 issue of the FEDERAL RESERVE BULLETIN.
SURVEY OF CURRENT BUSINESS
June
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-3
1954
April
May
June
July
1955
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Physical Volume 9— Con.
128
130
132
133
135
*136
128
139
111
150
124
147
123
194
130
142
118
152
125
148
122
198
131
143
121
154
125
145
120
193
133
' 145
127
125
145
124
187
134
147
131
157
126
146
125
187
136
148
135
158
128
146
126
185
P137
P151
P139
P160
pl31
P149
P130
P186
167
137
109
116
134
132
169
137
110
128
132
132
175
138
108
124
136
132
187
140
108
131
135
131
'191
' 140
109
129
136
132
193
142
109
127
138
133
196
144
111
127
141
136
P199
pl44
P113
114
105
99
94
103
96
115
105
102
95
101
91
117
105
102
101
103
94
118
106
100
101
105
96
119
106
101
'101
107
100
'121
107
107
103
108
105
121
106
106
103
106
104
123
108
P124
133
121
148
122
97
135
121
149
121
98
137
121
150
125
117
138
121
150
124
125
137
120
152
127
122
136
121
155
129
133
140
122
154
131
'143
143
122
157
134
138
124
160
133
140
114
69
136
99
122
112
70
133
91
125
109
68
130
83
121
108
67
129
82
121
109
70
130
81
121
113
69
136
86
125
116
73
138
103
127
120
74
142
'110
126
123
79
145
'113
'124
122
72
146
113
133
P121
p73
P145
116
126
146
110
92
112
155
92
116
125
143
112
93
112
165
94
102
107
125
92
89
88
116
90
113
121
123
121
102
101
234
94
108
111
81
139
108
122
279
101
109
111
70
149
111
124
338
104
129
142
144
142
108
116
324
100
132
149
174
130
109
108
258
94
142
163
195
137
108
124
260
95
151
174
210
146
111
138
272
97
155
179
215
151
113
151
260
99
P154
P179
p223
P 143
116
126
139
115
97
112
178
93
119
130
145
119
96
116
196
93
118
128
136
123
96
110
243
96
116
126
127
127
102
114
241
93
115
125
121
131
106
109
270
91
114
121
110
132
107
112
267
98
112
117
104
131
106
110
270
98
119
128
127
130
103
114
259
97
125
137
149
129
105
115
242
96
131
145
160
133
107
128
225
98
135
151
172
135
107
131
226
98
139
156
179
137
109
137
222
99
P143
P162
P190
pl40
46.9
46.1
46.9
46.6
46.3
46.4
45.6
47,6
48.7
48.7
48.9
50.8
51.0
26.1
12.8
13.3
124
123
123
126
136
106
148
121
138
124
163
125
135
108
147
122
139
124
170
124
134
103
147
122
141
125
173
125
135
105
148
124
144
125
181
126
137
105
149
122
147
125
189
174
139
103
114
128
127
178
138
102
120
130
128
170
135
104
108
129
131
170
136
106
96
131
130
166
135
109
97
132
133
115
107
103
94
109
94
117
110
108
95
107
94
116
108
107
93
106
95
114
105
101
95
102
100
133
120
146
124
113
137
120
148
125
119
136
121
148
124
120
109
58
137
78
120
111
65
134
91
121
Unadjusted, total output*
. _
1047-49=100
M"fljor ponsumpr durablps
do
Autos
. .
... _
do ...
Major household goods
__
do ._
Furniture and floor coverings
do
Appliances and heaters.
do. .
Radio and television5sets
do
Other consumer durable
do
119
131
151
116
97
116
172
92
A d justed, total output*
Major consumer durables
Autos
Major household goods
Adjusted, combined index
. 1947-49=100.do
-do
do___
do. ..
do
do
do
do
125
134
103
147
119
138
125
163
do
do_ ..
do
-do. __
do
do
do. ..
do
do _.
do
._do _..
do
Manufactures
Durable manufactures
__
Primary metals
Metal fabricating (in cl. ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
Transportation equipment
Instruments and related products
Furniture and fixtures
Lumber and products
_
Stone clav and glass products
Miscellaneous manufactures.
Nondurable manufactures..- ..
Food and beverage manufactures
Tobacco manufactures
.
Textile-mill products
Apparel and allied products _ _ .
Leather and products
Paper and allied products
_
Printing and publishing
._
Chemicals and allied products
Petroleum and coal products .
Rubber products. _.
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
.
.
_.
.
123
do
_ _ do
__ do _
do
do__
do
_ __do
do
do
_ ..do
125
124
126
' 155
P143
P135
104
115
106
Pl23
pl32
CONSUMER DURABLES OUTPUT
Appliances and heaters
Radio and television sets
Other consumer durables
do
do
do
do
do
do
do
p97
plOO
BUSINESS SALES AND INVENTORIES§
Manufacturing and trade sales (adj.), totalf
bil. of dol_.
Manufacturing, totalf
Durable-goods industries
Nondurable-goods industries
do
do
do
23.7
11.2
12.5
23.2
11.1
12.1
23. 3
11.3
12.1
23.2
11.2
12.1
23.1
10.9
12.2
23.0
10.8
12.2
22.5
10.3
12.2
24.0
11.3
12.7
24.1
11.6
12.5
24.3
11.9
12.4
24.6
12.0
12.6
26.0
'12.9
13.1
Wholesale trade total
Durable-goods establishments
Nondurable -goods establishments
do
do
do
9.0
2.8
6.2
8.9
2.8
6.1
9.1
2.9
6.2
9.1
3.0
6.1
9.1
2.9
6.1
9.2
2.9
6.3
9.0
2.8
6.2
9.3
2.9
6.3
9.5
3.0
6.5
9.5
3.1
6.4
9.5
3.1
6.4
9.7
3.2
65
9.6
3.2
6.4
Retail trade total
Durable-goods stores
Nondurable-goods stores
do
do
do
14.2
4.9
9.4
14.0
4.7
9.3
14.4
5.0
9.4
14.3
4.9
9.4
14.2
4.8
9.4
14.2
4.8
9.4
14.1
4.7
9.4
14.4
4.9
9.4
15.1
5.3
9.8
14.9
5.1
9.7
14.8
5.2
9.6
15.1
5.5
9.6
15.2
5.5
9.7
Manufacturing and trade inventories, book value, end
of month (adjusted), totalf
bil. of doL.
78.8
78.9
78.7
77.6
77.3
77.0
76.9
77.1
76.9
76.9
77.3
77.5
77.7
Manufacturing, total f
Durable-goods industries
Nondurable-goods industries
do
do
do
44.5
25.1
19.4
44.3
24.9
19.4
44.2
24.6
19.6
43.4
24.0
19.4
43.1
23.8
19.2
42.9
23.7
19.2
43.2
23.9
19.3
43.3
24.0
19.3
43.3
24.0
19.2
43.2
24.0
19.2
'43.3
24.0
19.2
43.3
'24.1
'19.2
43.3
24.2
19.1
Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishments
do
do
do
11.6
5.7
5.9
11.8
5.8
6.0
11.9
5.8
6.1
11.8
5.8
6.0
11.8
5.8
5.9
11.7
5.8
5.9
11.7
5 9
5.9
11.7
5.9
5 9
11.5
5.7
5.8
11.5
5.7
5.9
11.7
5.7
5.9
11.6
5.7
5.9
11 7
5.7
6.0
22.2
'22.6
22.8
22.1
22.4
22.4
22.4
22.5
22.7
Retail trade total
do
22.0
22.1
22.8
22.6
'10.5
10.6
10.2
10.1
10.3
10.2
10.4
Durable-goods stores
do
10.0
10.5
10.4
10. 3
10.0
10. 2
12 2
12.1
12.1
12.0
12.0
12.2
12.2
12.2
12.0
12.1
12.3
12. 3 i
12. 21
Nondurable-eoods stores
_ _ do
' Revised.
p Preliminary.
9 See note marked "t" on p. S-2.
*New series. Compiled by the Board of Governors of the Federal Reserve System. For description of the index and back figures, see the May 1954 FEDERAL RESERVE BULLETIN and subsequent issues.
§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 andnonfarm. Unadjusted
data for manufacturing are shown on p. S-4; those for retail and wholesale trade, on pp. S-9 and S-10.
t Revised series. Effective with the May and June 1955 issues of the SURVEY, data for manufacturers' sales, inventories, and orders have been adjusted to new benchmarks; the revision
affects data beginning 1951 (the back revisions for sales and inventories, except by stages of fabrication, appear on pp. 20 ff. of the May SURVEY; those for inventories by stages of fabrication
and for new and unfilled orders, on pp. 21 ff. of this issue).
SUEVEY OF CUEEENT BUSINESS
S-4
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
April
Supplement to the Survey
June 195;
1955
1954
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
April
March
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
24, 039
11, 645
1,668
1,190
3,342
22, 666
10, 993
1,639
1,133
3,085
23, 644
11,705
1,722
1,222
3,319
21, 728
10, 191
1,421
1,109
2 772
23, 164
10, 701
1,529
1,240
2,884
23, 672
10, 952
1,614
1,223
3, 138
23, 638
10, 689
1,646
1,216
3,065
23, 691
11,088
1,683
1,103
2,993
24. 164
11,737
1,793
1,043
3, 287
23, 699
11,400
1,873
1,078
2,920
23, 971
11, 796
1,898
1,090
3, 134
2,979
962
561
943
2, 756
887
573
920
2, 863
976
622
981
2, 575
839
576
899
2,459
1,002
625
962
2, 205
1,091
652
1.029
2,053
1,000
640
1,069
2,728
987
594
1,000
3,213
955
530
916
3,166
944
498
921
3,239
1,009
505
921
12, 394
4,189
296
952
738
1,702
2,108
394
2,015
11,673
4,069
308
874
707
1,602
2,062
374
1,677
11,939
4, 045
330
1,024
733
1,610
2, 128
404
1,665
11,537
4, 041
319
861
680
1,493
2,103
377
1,663
12, 463
4,092
338
1,058
751
1,626
2, 122
363
2,113
12, 720
4.145
330
1,169
736
1,717
2, 101
343
2, 179
12, 949
4, 234
285
1, 131
764
1,707
2,140
374
2,314
12,603
4,068
315
1,122
733
1,677
2,218
372
2,098
12, 427
3, 975
317
1,077
712
1,621
2,470
400
1,855
12, 299
3,908
277
1,047
756
1,776
2,339
437
1,759
12, 175
3, 799
268
1.004
731
1,737
2,238
418
1,980
r 13, 651
23,681
11,160
1,634
1,190
3,198
23, 204
11,066
1,614
1,193
3,131
23, 349
11,293
1, 697
1,210
3, 197
23, 209
11,153
1,634
1,205
3,151
23,113
10, 907
1,569
1,181
3, 037
23, 008
10, 832
1,662
1,154
3,081
22, 489
10, 295
1,596
1,067
2,976
23, 964
11,314
1,703
1,126
3,084
24. 097
11,570
1,719
1.098
3,147
24, 287
11,850
1,829
1,123
3,075
24, 649
12, 029
1,950
1,147
3,130
' 25, 976
* r 12, 860
2, 087
T
1, 253
'3,318
26, 092
12, 819
2,115
1,290
3,205
2,751
899
545
943
2,702
896
591
939
2,679
948
581
981
2,666
932
588
977
2,572
992
584
972
2,317
1,049
598
971
2, 159
952
582
963
2,865
997
577
962
3,061
985
596
964
3, 221
1,026
586
990
3, 197
1, 051 •
574
980
' 3, 486
'1,069
'632
' 1,015
3,561
1, 056
621
971
12, 521
4,362
308
971
724
1,624
2,151
382
1,999
12, 138
4,115
318
1,016
721
1,592
2,170
378
1,828
12, 056
3,993
303
1,024
733
1, 637
2,171
385
1,810
12,056
4,082
307
990
731
1, 569
2,124
393
1,860
12, 206
4,048
322
1,027
744
1, 641
2,122
352
1. 950
12, 176
3,979
311
1,063
729
1,657
2,101
346
1,990
12, 194
3,975
291
1,010
728
1,619
2,119
346
2, 106
12, 650
4,031
315
1,100
733
1,761
2,240
404
2,066
12, 527
3, 991
299
1 , 046
742
1,764
2,287
417
1,981
12, 437
3,993
298
1,068
741
1,740
2,293
424
1,880
12, 620
4,029
298
1,035
754
1, 787
2,307
440
1,970
r
13, 116 !
'4,113 i
'303 !
13, 273
4, 289
323
1,110
791
1,914
2, 273
44, 523
25, 331
3,140
2,682
8,686
44, 337
25,111
3,113
2,746
8, 590
44, 192
24, 756
3, 057
2,802
8,424
43, 483
24, 078
3,133
2. 660
8,192
42, 836
23, 670
3,148
2, 537
8,052
42, 639
23, 462
3,151
2, 507
7,910
42, 891
23, 676
3,196
2,422
7,861
43, 037
23, 694
3,246
2,393
7,852
43,511
24, 047
3,345
2,391
7,820
43, 503
24, 053
3,280
2,417
7,822
43, 477
24, 121
3, 229
2,420
7,844
r 43, 483
' 24, 268
1
' 3, 166 !
2,486
' 7, 898
43, 291
24, 337
3, 100
2,554
7,933
5, 902
1,723
911
2,287
5, 742
1,719
905
2,296
5, 656
1,673
880
2,264
5, 440
1, 633
861
2,159
5, 338
1, 586
836
2,173
5, 362
1,566
827
2, 139
5, 702
1,587
813
2,095
5,699
1,617
817
2, 070
5, 825
1,690
860
2,116
5. 831
1,719
882
2,102
5, 863
1,742
907
2,116
5,947
1, 736
912
2, 155
6.9
10.1
8.3
6.9
9.9
8.3
7.0
9.6
8.2
6.9
9.4
7.8
6.7
9.3
7.6
6.7
9.3
7.4
6.6
9.6
7.5
6.6
9.6
7.5
6.5
9.7
7.8
6.4
9.8
7.9
6. 3
9.8
8.0
' 5, 940
' 1, 731
1
'914 j
r 2, 133 |
i
6.2 1
10.0
8.1
19, 192
4,409
1,841
2, 439
1,002
2, 963
2, 678
846
3,014
19, 226
4, 368
1,793
2,474
996
2,929
2,757
838
3, 071
19, 436
4,412
1,762
2, 466
997
2,961
2, 767
841
3. 230
19, 405
4, 467
1,773
2,433
974
2,952
2, 791
779
3, 236 ;
19, 166
4, 460
1, 759
2,373
962
2,910
2,815
732
3, 1 55
19, 177
4, 502
1, 797
2,352
973
2,886
2, 821
759
3,087
19,215
4,588
1,872
2,299
988
2.928
2,826
785
2,929
19. 343
4,735
1,880
2,292
1,001
2. 969
2,786
795
2,885
19, 464
4,730
1.919
2, 327
1,014
3,082
2,669
821
2,902
19, 450
4,697
1,963
2,330
1,028
3,049
2, 581
806
2,996
19, 356
4,543
1,934
2,380
1, 055
3,045
2,590
7.9
2.8
85
7.7
2.8
8.7
7.8
7. 7
2 7
'
8.8
7.8
2.7
8.7
7.8
2.7
8.7
7.9
2.7
8.7
8. 1
2.7
8.7
7.9
2.8
8.7
7.S
2.S
£9
7.8
2 7
8.' 9 i
44, 495
25, 145
3, 276
2 629
8,533
44, 335
24, 908
3, 208
2,640
8,472
44, 185
24,617
3, 151 1
2, 694 1
8, 326
43, 431
24,011
3. 145 !
2, 583
S, 193
43, 059
23,836
3, 126
2, 563
8, 138
42, 908
23, 709
3,068
2, 585
8,057
43,168
23.916
3, 095
2, 523
7, 973 j
43, 270
23, 959
3, 127
2, 493
7, 978
43, 265
24, 023
3,235
2,440
7,881
43, 196
23, 984
3,239
2,417
7,804
5,841
1,740
884
2,242
5, 714
1,736
887
2, 251
5, 643 !
1,690 !
871 :
2, 242
5. 431
1.617
S61 i
2,181
5, 391
1.570
853
2, 195
5,419
1, 566
853
2,161
5. 728
1. 603
856
2, 138
5,772
1,617
860
2,112
5. 7S(
1 , 69(
860
2,137
5, 838
1,719
865
2, 102
5.861 1
1,724 i
872 I
2,09£ i
7.1
9.9
8.1
7.1
9.8
8.0
7. 1
9. h
7. 9
ti. 9 i
',). 4
6. 7
9.3
7.8
6.7
9.3
7. 7
6.5
9.6
7.8
6.5
9.7
7.8
6.3
9.8
6.4
9.7
7.9
6.3 !
9.£ \
7.£
19,427
19, 350
Nondurable-goods industries, total
mil. of doL.
4,601
4,645 !
Food and beverage
do
1,830
1,823
Tobacco
do
2,425
2,415
Textile
do
996 i
992
Paper
do
2, 930
2,939
Chemical
do
2, 785
2. 733
Petroleum and coal
- - .-do- - 798
813
Rubber
do
3, 034
3, 018 1
Other nondurable-goods industries
do
By stages of fabrication: .
7.9
7.9
Purchased materials
bil of dol
2.8
2.8
Goods in process
do
8,7
8.7
Finished eoods__ - __ _ .
do
^Revised.
fRevised series. See corresponding note on p. S-3.
19, ofiS !
4, 699 i
1 , 855
2, 41S ;
997 !
2, 934 i
2, 795
817
3, 053 ,
19. 42i
4, 592
l,88f
° 385
984
2, 94b ;
2, 763
787
3,077
1 9, 223
4, 439
1,871
2,373
972
2, 949
2, 760
754
3, 105
19,199
4. 409
1.834
2, 352
983
2. 948
2, 739
799
3,135
19,252
4,415
1,853
2 322
T, 008
H. 006
2. 744
S35
3, 069
19.311
4. 529
1.861
2,339
1,011
3, 006
2,731
811
3, 023
19. 242
4, 532
1,845
2. 399
1,004
3,013
2, 643
821
2, 985
19.212
4, 558 1
1 . 852
2, 354 i
1,028 i
3. 020
2, 634
790 i
2,976
8.0
2.7
S. 7
7.8
2.7
8.7
7.8
2 7
8.' 7
7.8
2.7
8. 8
7.9
2.8
8.6
7.8
2.8
8.f
7.8 i
2.8
8.6
Sales, value (unadjusted), total f
mil. ofdol _
Durable-goods industries, total
do
Primary metal
do
Fabricated metal _
do
Machinery (including electrical)
do
Transportation equipment
(including motor
vehicles)
mil. of dol _
Lumber and furniture
do
Stone, clay and glass
do
O ther d urable-goods industries
do
Nondurable-goods industries, total
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
O ther nondurable-goods industries
.
do _ _
do
do
do
do
do
do
do
do
Sales, value (adjusted), totalf
do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
mil of dol
Lumber and furniture
do
Stone, clay, and glass
do
Other durable-goods industries
- - do
Nondurable-goods industries, total
Food and beverage
._
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries
._
do
do __
do
do
do
_.do do
do
do
Inventories, end of month :f
Book value (unadjusted), total
do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
mil. of dol__
Lumber and furniture
do
Stone, clay, and glass
do
Other durable-goods industries ._
--do . _
By stages of fabrication:
Purchased materials
bil of dol
Goods in process
do
Finished goods
do
Nondurable-goods industries total
mil of dol
Food and beverage
do
Tobacco
do
Textile
do
Paper
do
Chemical
do
Petroleum and coaL-- - _ ._ - - _ _ _ d o - ..
Rubber
do
Other nondurable-goods industries
do
By stages of fabrication:
Purchased materials
bil of dol
Goods in process
do
Inventories, end of month:f
Book value (adjusted), total
mil. of doL_
Durable-goods industries total
do
Primary metal
do
Fabricated metal. __
_ _
do _.
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
mil. of dol
Lumber and furniture
do
Stone clay and glass
do
Other durable-goods industries
do
By stages of fabrication:
Purchased materials
bil of dol
Goods in process
do
Finished goods
do
8.0
2.8
as
'sot
3,003
»• 27, 550
r r13, 899
2, 225
r
1,291
r
3, 628
26, 378
13,329
2,159
1,290
3,338
r
T
3,822
1,109
640
971
3, 852
1, 176
'651
' 1,076
13, 049
4. 086
297
1,066
807
2,008
2,228
r
4, 117
'309
' 1, 151
'847
r
2, 025
r
2, 388
475
T
2, 339
r
2,077
1,096
'807
' 1, 902
' 2, 341
|
466
r
2, 088
6.3
9.9
8.1
' 19,215i
4,391
1,901
2, 396 1
- 1,057 !
3.022 !
2, 587
821
' 3, 040
18, 954 1
4,210
1, 857
2, 346
1, 038|
2, 977
2,621
7.£
2.<,r
8. - i
7.6 |
2.9
8.5
s.e
43, 256 ' 43, 332i
24, 028 ! ' 24, 112
'
3,262 i ' 3, 28S !
2, 42C '
2, 461
7,794 | ' 7, 78S:
r
3.060
43, 268
24, 178
3, 239
2, 504
7, 794
5, 883 i
'1,714
'887
' 2, 091
5, 889
1. 754
885
2,113
6.3
9.S 1
7.6
6.5
9.9
7.8
19, 22£- i ' 19, 220;
4, 49£ ! ' 4, 442
1, 842 i ' 1, 84(
2, 38f 1 r' 2, 39f :
1.03f i
1, 034
3, on i ' 2, 982 i
2, 67f 1 ' 2. 667;
80c
782 i
3, 002
' 3. 04C]
7. 7
2.8
8.7
2,107
•
V
-
.- .
19, 090 i
4, 387
1,839
2, 323 |
1 , 028
2, 953 i 2, 674 !
3, 081
7.6 •
2.8
8.7
SUEVEY OF CURRENT BUSINESS
June 105!
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-5
1955
1954
April
May
J Juno
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS* SALES, INVENTORIES,
AND ORDERS— Continued
22, 251
9,809
1,307
942
2,721
21, 060
9, 166
1,377
892
2,377
22, 487
10, 340
1, 468
1, 285
2,726
20, 876
9,407
1,301
890
2,568
21, 827
9,500
1,512
1, 158
2,441
23, 817
11, 087
1,605
1,052
2,998
23, 574
10, 769
1,712
1,101
2,881
22, 635
9,919
1,846
1,140
2,702
24, 309
11,788
2,151
1,159
3, 029
24, 324
11, 940
2, 222
1,135
2,983
24, 268
12, 023
2, 397
1,064
3,191
28,310
14, 596
2,896
1,463
3,656
25, 870
12, 935
2,459
1,238
3,341
2,500
2,339
2,160
2, 360
2,240
2,621
2,233
2,415
1,699
2,690
2,672
2,760
2,626
2,449
1,824
2,407
3,173
2,276
3,015
2,585
2,871
2,500
3,658
2,923
3,175
2,722
do ...
do
_ -do
12, 442
2,827
9, 615
11, 894
2,784
9,110
12, 147
2,971
9,176
11,469
2,449
9,020
12, 327
2,755
9,572
12, 730
3,027
9,703
12, 805
2,923
9,882
12, 716
3, 053
9,663
12, 521
2,901
9, 620
12, 384
2,893
9,491
12, 245
2,870
9,375
13, 714
3,253
10, 461
12, 935
2,861
10, 074
New orders, net (adjusted), totaltdo.
Durable-goods industries total
do
Primary metal
do
Fabricated metal
_
__
- -do- ...
Machinery (including electrical)
do
Transportation equipment (including motor vehicles)
mil. of dol
Other durable-goods industries
do
22. 317
9,619
1, 245
924
2, 587
21,931
9,588
1,391
939
2, 526
21, 956
9,822
1, 562
1,224
2, 599
21, 415
9,407
1,314
890
2, 579
21, 913
9,756
1,543
1,103
2, 524
23, 286
11, 153
1,783
992
3,073
22, 870
10, 790
1,678
1,101
2,915
23, 142
10, 491
1,943
1, 267
2,950
24, 760
11, 963
2, 068
1,288
2, 933
24, 641
12, 142
2,136
1,135
2,936
24, 845
12, 170
2, 446
1,120
3, 233
26, 482
13, 353
2,586
1,306
3,404
25, 945
12, 684
2,342
1,214
3,175
2, 500
2,363
2 274
2, 458
1, 867
2,570
2, 233
2,391
1,999
2, 587
2, 545
2,760
2,764
2,332
1,824
2,507
3,173
2,501
3,350
2,585
2,871
2,500
3,325
2,732
3,175
2,778
do. ._
do
do ..
12, 698
2, 945
9,753
12, 343
2, 962
9,381
12, 134
2,913
9,221
12, 008
2,752
9, 256
12, 157
2,783
9,374
12, 133
2,803
9,330
12, 080
2,682
9,398
12, 651
2,907
9,744
12,797
3,119
9,678
12, 499
2,922
9,577
12, 675
2,899
9,776
13, 129
3,040
10, 089
13, 261
2,980
10,281
Unfilled orders, end of month (unadj ), total t
-do
Durable-goods industries total
do
Primary metal
__
._ do
Fabricated metal
do
Machinery (including electrical)
__ do
Transportation equipment (including motor vehicles)
mil. of doLOt her industries, including ordnance
do
52,311
49, 870
3, 835
3,796
16, 184
50, 705
48, 043
3, 573
3, 555
15, 476
49, 548
46, 678
3,319
3,618
14, 883
48, 696
45, 894
3,199
3,399
14, 679
47, 359
44, 693
3,182
3.317
14, 236
47, 504
44, 828
3,173
3, 146
14, 096
47, 440
44, 908
3, 239
3,031
13, 912
46, 384
43, 739
3,402
3, 068
13, 621
46, 529
43, 790
3,760
3,184
13, 363
47, 174
44, 350
4,109
3, 241
13, 446
47, 471
44, 577
4,608
3, 215
13, 503
48, 231
45, 274
5,279
3,387
13, 531
47, 723
44, 880
5,579
3, 335
13, 534
21, 730
4,325
21, 134
4,305
20,511
4,347
20, 169
4,448
19, 409
4, 549
19, 876
4,537
20, 449
4,277
19, 545
4,103
19, 505
3,978
19, 354
4,200
18, 986
4,265
18, 792
4,285
18, 145
4,287
2,441
2,662
2,870
2,802
2,666
2,676
2,532
2,645
2,739
2,824
2,894
2,957
2, 843
10,272
9,280
9,748
9,409
9,041
9,256
9,852
9,735
11,9s1
13, 181
11, 369
13,417
11,756
number-- -do_
do
do.
_ _ . _ do__
do
975
66
92
200
535
82
943
81
111
200
460
91
965
81
132
208
455
89
856
80
95
165
417
99
912
80
100
187
451
94
819
59
88
153
406
113
871
68
109
189
414
91
933
68
110
179
490
86
917
72
130
204
413
98
939
87
87
195
456
114
877
60
113
188
412
104
1,038
66
108
225
520
119
903
66
106
154
484
93
thous. of dol. _
_do__
do
_. do_ _
do
do
42, 512
1,648
3,692
20, 568
12, 030
4,574
38, 494
2,961
3,674
15, 621
11,739
4,499
41,613
2,045
4,514
18, 454
11,722
4,878
32, 230
2,524
4,958
9,986
9, 622
5, 140
32, 582
2,381
2,386
12,388
11,225
4,202
36, 381
2,290
5, 584
11,262
11,879
5, 366
29, 000
1,952
4,733
7,547
11,845
2,923
35, 067
4, 065
6, 859
8,099
10,466
5, 578
40, 103
1,857
5,926
17,526
8,509
6, 285
37, 872
3,154
9,044
11,636
9,647
4,391
42, 056
2,244
7, 624
18, 922
8,928
4,338
41,209
2,916
4,468
16, 921
11,972
4,932
35, 968
2,229
6, 450
12, 653
10, 765
3,871
New orders, net (unadjusted), totalf
nail, of d o l _ _
Durable-goods industries total
do
Primary metal
_
do
Fabricated metal
-_
- .
_ _ do_ ..
Machinery (including electrical)
do
Transportation equipment (including motor vehicles)
mil. of dol
Other durable-goods industries
.. _ _ d o _
Nondurable-goods industries, total
Industries with unfilled orders 9
Industries without unfilled orders J
Nondurable-goods industries, total Industries with unfilled orders 9
Industries without unfilled orders 1
-
Nondurable-goods industries total 9
do
BUSINESS INCORPORATIONS^
New incorporations (48 States).. -
. .- number .
INDUSTRIAL AND COMMERCIAL FAILURESd"
Failures, total ...
Commercial service
Construction
Manufacturing and mining
Retail trade
.
Wholesale trade
_
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!
Crops
Food grains
Feed grains and hav -Tobacco _ _ _ _
-_-_ -_
Cotton.
Fruit
Commercial vegetables, fresh market
Oil-bearing crops
Livestock and products
Meat animals
Dairv products _ __
Poultry and eggs
. do.
do
do
do
do
do
do
do —
t See corresponding note on p. S-3.
'255
'247
'•245
'249
246
242!
r 242
239
'243
'244
'213
247
244
r 242
r 246
' 243
'247
225 j
202
446
'248
228
207
430
247
233
210
444
243
235
204
441
'243
239
199
438
'243
239
202
430
'247
241
204
425
'244
240
203
436
'243
239
198
437
252
236
197
437
255
240
200
436
272
228
'228
286 |
288
'234
' 199
294
292
248
'173
276
293
'220
'190
275
281
'210
'226
277
276
'218
'221
279
275
'216
'257
274
268
'203
258
270
269
'204
'262
264
270
'216
'270
261
266
209
308
259
245
r 274
' 254
162
'241
'265!
' 262!
' 154 1
'241
'261
266
159
'236
'253
264
r
155
240
263
258 1
163!
'245
264
' 255
190
243
260
'248
199
242
269
'241
185
234
260
236
175
do
do
.. do. _ _
do
. do
Prices paid:
All commodities and services
do
Family living items
do
Production items
.. do_
All commodities and services, interes ;, taxes, and
wage ratesj
__1910-14=100
Paritv ratio©!
r
Revised.
|
257
1910-14=100..
234
208
443
227
207
446
267
272
' 204
r
266
' 217
r 247
283
r
270
r 330
216
205
445
r
274
236
r 197
286
283
^0.0
' 263
r 324
' 249
•r 296
237
178
r 231
r 1Q9
229
r 169
'244^
'278!
' 238!
'172
r 249!
r 2821
245 |
'179
265
273
256
267
276
256
265
276
252
263
277
247
264
277
250
263
273
251
262J
273!
250
262
272
251
261
272
250
264
273
254
264
271
256
265
'273
256
265
274
254
263
274
251
282
284
282
280
282
280
279
279
279
283
283
284
284
282
91
"•90
88
89
88
88
87
87
86
86
87
86
87
87
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are
from Dun and Bradstreet, Inc.
imodities; revisions prior to April
-id 1910-53 for parity ratio appear
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 19." 5
1954
April
May
June
July
August
1955
Septem- October Novem- December
ber
ber
Janu- ' February
! ary
March
April
May
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
. ..
1935-39 = 100__
Consumer price index (U. S. Department of Labor):
All items
_
.1947-49 = 100-.
Apparel
do
Food
do
Dairy products
do
Fruits and vegetables
_
-do
Meats poultry and
fish
do
Housing
do Gas and electricity
do
Housefurnishings
do_ -Rent
do
Med'cal care
do
Personal care
do
Reading and recreation
do
Transportation
do
Other goods and services
do
WHOLESALE PRICESc?
U.S. Department of Labor indexes:
All commodities
1947-49=100
Farm products
_do_
Fruits and vegetables, fresh and dried
do
Grains
do_ __
Livestock and live poultry
_ ___ _
-do
Foods processed
do
Cereal and bakery products
__ „ _
do__
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen do
M^eats poultry and
fish
do
Commodities other than farm products and
foods
1947-49 = 100 _ _
Chemicals and allied products
do
Chemicals industrial
.
do
Drugs and Pharmaceuticals 9 - - - -do
Fats and oils, inedible
do
Fertilizer materials
do
Prepared paint
do
Fuel power and lighting materials
do
Coal
- - -do .
Electricity
do
Gas
do
Petroleum and products
do
Furniture, other household durables _
do .
Appliances household
do
Furniture household
do
Radio receivers
__ _
do
Television receivers
do
Hides, skins, and leather products,
_ do
Footwear
do
Hides and skins
do
Leather
- - --- -do
Lumber and wood products
do
Lumber
_
-do
Machinery and motive products
do
Agricultural machinery and equip __ _ _ d o
Construction machinery and equip
do
Flectrical machinery and equipment
do
Motor vehicles
-_do-- _
Metals and metal products
_
do -Heating equipment
do
Iron and steel
do
Nonferroiis metals
-- - - do Nonmetallic minerals, structural _
do
Clay products
do
Concrete products _ .
do
Gypsum products
do -Pulp, paper, and allied products
do
Paper
_
_ _ do
Rubber and products
__
_
do
Tires and tubes
do
Textile products and apparel.
do Apparel
do
Cotton products
_- _. - do
Silk products
do
Synthetic textiles
do
Wool products
do -Tobacco mfrs. and bottled beverages
do
Beverages, alcoholic
do Cigarettes
do
Miscellaneous
do
Toys, sporting goods __ - do
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices
1947-49=100-Consumer prices
do
Retail food prices
--- do-- .
j
208.1
114.6
104. 1
1 1 e>. 4
104.6
110.0
110.5
208.7
209.0
209.7
209. 0
208. 2
207.6
207.6
118.5
107.
106. 1
128.2
124.9
112.9
106.5
129.1
120.2
115.0
104.2
113 3
103.5
114. ti
111.0
118.9
107.7
105. 9
1 28. 3
125.1
113.0
106. 4
129.1
120. 1
115.1
104. 2
113 8
1 02. 9
117.1
111.1
118.9
1 07. 6
105. 8
128.3
125.1
112.7
106. 4
128.9
120.1
1 15. 2
104.0
114 6
104. 3
120. 1
109.7
119.0
107. 8
105. 7
128. 5
125. 2
113.3
107.0
126. 7
120.3
115.0
103. 7
113.9
105. 1
114.7
107.6
119.2
107.8
105.4
128. 6
125. 5
113.4
106. 6
126.6
120.2
114.7
104.3
112 4
105. 8
110.5
106. 7
119.5
107. 9
106.0
128.8
125.7
113.5
106. 5
126.4
120. 1
114.5
104. 6
111 8
106.7
111.1
103. 9
119. 5
108. 5
105. 6
129 0
125. 9
113.4
106. 9
1 25. 0
120. 1
1 14. 6
104 6
1111
IOC) 6
109.6
103 5
119 5
108 7
105 4
129 2
126 1
111.0
99.4
97.4
92.9
94.9
105.9
113.2
103.0
103.3
94.3
110.9
97.9
104.4
91 2
93.0
106. 8
113.3
101.7
104. 5
98.3
110.0
94.8
96. 6
86. 5
87 7
105 0
113.5
102.4
104. 7
92 3
110.4
96 2
110 9
88 1
83. 2
106 5
114.0
105 1
104 7
94 1
110. 5
95.8
108. 3
91.2
83.4
106. 4
113.2
105. 9
104.8
92.0
110.0
93.6
99.8
93. 6
80.7
105. 5
113. 8
106. 6
105.0
92.0
114.5
107.2
117.4
94.0
59.8
114.1
112.8
108. 6
104.1
101.8
112.3
112.1
115.6
109.9
113.6
95.7
73.8
94.6
111.9
56.5
86.0
116. 2
115.3
124.4
122.3
131. 6
126. 5
118.9
126. 8
114.5
131. 1
123.4
120.8
132.0
117.3
122.1
116.3
126.8
125.0
129.3
94.7
98.2
88.5
132. 3
84.6
109.2
121.5
114.6
124. 0
110 3
113.6
114.5
107.1
117.3
94.0
59. 5
114.0
112.8
108.2
104. 6
101.8
109.0
111.7
115.5
109.9
113.5
95.7
73.8
96.0
111.9
62.5
87.6
116. 1
115.0
124.4
122. 6
131.5
126.0
118.9
127. 1
113. 9
131.8
123. 6
119.3
132.0
117.3
122 1
115.8
126. 5
125. 1
129. 3
94.8
98.2
88.3
131. f>
85.2
109.5
121.4
114.3
124.0
109.2
113. 6
114.2
106.8
117.0
94. 0
55.7
111.6
112.8
107.8
104.7
101.8
107. 8
110.9
115.4
109.8
113.1
95.6
70.6
95.6
111.9
60.6
87.4
116. 3
115. 5
124.3
122.3
131.5
125.9
118.9
127. 1
113.8
131 8
123.7
119. 1
132.0
117.5
122. 1
115. 8
126. 5
126. 1
129.3
94.9
98. 1
88.4
123.9
85.6
110. 1
121.4
114.2
124.0
105 1
113.6
114.3
106 7
117 1
94.0
52.0
112.1
112 8
106.2
104.9
101.8
105. 4
108.2
115. 3
109 7
112.8
95.6
70.3
94.9
111.8
58.2
86.5
119.1
118.6
124.3
122.3
131.5
125. 8
118.9
128.0
114.0
133. 6
124.2
120.4
132.0
117.7
122.1
116.2
126.5
126.8
129.3
95.1
98.4
88.9
124.2
85.7
109.8
121.4
114.2
124.0
103.9
113.5
114.4
106. 8
117.4
94.0
53. 5
112.1
112.8
106.9
105. ?
102.4
105. 4
109. 3
115.3
109.7
112.9
95.4
68.5
94.0
111.8
55.8
84.4
119.1
118.7
124. 3
122. 1
131. 5
125. 7
118.9
1 28. 6
114.1
133. 8
125. 1
120. 5
132. 3
117.9
122.1
116.3
126. 5
126. 4
129. 6
95.3
98. 6
89. 1
126. 3
85 7
110.3
121.5
114.3
124.0
102.3
113.4
90.1
87.3
89.0
90.2
87.0
88.3
90.9
86.9
87.9
90.6
86.8
87.3
90.5
87.0
87.8
207. f
207.3
207. 5
207.5
207. 9
!
19Q 0
114.3
104.3
110 4
106. 8
108. 4
102.2
119.7
109 1
105. 4
129 4
126.3
113 6
106.6
127 3
119.9
114.3
103.3
110 6
106 4
110.6
102.4
119.6
109 4
104.6
129 5
126.5
113 7
106.9
127 6
119.9
114.3
103 4
110 8
106 1
110.7
102 5
119 6
109 9
104 8
129 7
126 8
113 5
106 4
127 4
119 8
114.3
103 2
110 8
105 4
112 0
102 3
119 6
110 3
104 6
130 0
127 0
113 5
106 6
127 3
119 8
109.7
93.1
101. 9
92. 9
77.5
103.7
114.5
108.7
105.5
85. 8
110 0
93 2
103 2
93 5
76.4
103 8
116 5
108 8
105 5
86 3
109. 5
89.9
96 9
92. 5
74.0
103.5
116.8
108.2
106.0
85 2
110 1
92.5
105 2
93. 5
79.4
103 8
116.9
107 0
104.6
87 6
110 4
93 1
103 8
93 1
80.7
103 2
116.3
107 2
104 4
86 9
110
92
104
92
79
101
116
107
104
83
114.4
106. 8
117. 4
94.0
54.0
112.3
112.8
106. 9
105.5
101.2
106.0
109.4
115.3
109.4
112.8
95.4
68.7
93.0
111.8
51.5
82.9
119.3
119.0
124. 4
121. 9
131. 6
125. 6
118.9
129.1
114.1
134. 1
126.2
121.7
135.4
117.8
122. 1
116.3
126.5
126.9
129. 6
95.3
98.6
89 2
128.4
85.8
109.6
121. .5
114.3
124.0
99.1
112.7
114.5
106 9
117.6
93.6
56.5
112.1
112.8
106.9
105.1
101.8
105. 8
109. 3
115.6
109.5
112.8
95.4
68.7
92.4
111.8
49.5
82.1
119.8
119. 5
124.3
122.0
131.6
125.2
1 18. 6
129.7
114.3
135.0
127.4
121.9
135. 4
117.8
122.1
116.3
126.5
128. 5
129. 6
95.4
98.6
89.9
127.0
86.1
108.4
121.5
114.3
124.0
96 7
112.7
114 8
107 0
117 7
93. 6
57.8
112.2
112 8
107 4
105. 1
103 0
107.3
109.5
115.6
109 1
112. 9
95.4
69.2
92.8
111.7
52.7
82.0
119.9
119.6
125. 3
121.3
131.8
12f> 7
121.0
129.9
114.3
135. 5
127. 2
121.8
135. 4
117.4
122.1
116.0
126.5
131.4
134.9
95.2
98. 4
89.9
127.4
86.9
106.6
121.4
114. 3
124. 0
97 0
112.8
114.9
107.0
117.4
93.6
59.3
113.3
112.8
107.5
105.2
100.7
110.2
110.4
115.7
109.4
112.9
95.4
69.2
91.8
111.6
47.4
81.5
120.0
119. 8
125.7
121.2
132.6
126.8
121.7
129. 8
114. 3
135.0
127.6
121. 8
135.4
117.4
122.1
115. 9
126. 9
132. 0
134.9
123.
87.
106.
121.
114.
124.0
98.0
112.9
115.2
107 1
117.3
93.6
61.8
113.6
112 8
108. 5
105.2
100. 7
113.0
111.7
115.5
108 7
112.5
95.4
69.0
91.9
111.6
49.5
81.2
120.3
120.0
125.8
121.5
133.2
126.8
121.7
130.1
113.9
135.8
127.9
122.0
135.8
116.7
122.1
116.3
127.5
136.8
139.9
95.2
98. 2
90.2
124.1
87.3
106.6
121.4
114.3
124 0
97 0
113.2
115 7
107 1
117 4
93.3
61.0
113. 5
113 1
108 7
105.2
100 1
116.3
111.7
115.4
108 5
112.6
94.7
68.8
92.3
111. 5
51.6
82.2
121.2
121.4
126.1
121.6
133.8
126. 7
121. 5
131.5
113.7
135.8
133.7
121.8
136. 1
117.0
122.1
116. 6
128.0
140.6
142.4 i
95.2
98. 2
90.6
122. 4
86.7
106.3
121.6
114.6
124.0
97 1
113.1
115 6
106 8
117 5
93.1
55. 4
113 6
114 0
108 5
105. 1
99 5
116.6
111.7
115 1
107 2
112 7
94.7
68.8
92.2
111.5
50.7
82.1
121.4
121.8
126. 1
121. 5
133.8
1 26. 4
121.5
131.9
113.6
136.2
134.3 ;
121.9
136. 5
118.2
122.1
116.8
128.0
138. 0
142. 3
95.3
98 3
90.8
121.1
106.1
121.6
114.7
124 0
95 6
113.2
90 4
122. 8
87 2
106. 0
121. C !
114.7
124 0
94 0 '
113.2 i
90.9
87.2
89.0
91.2
87.3
89.4
90.9
87.3
90.0
91.3
87.5
90.6
90.8
87.5
90. 4
90.6
87.5
90.3
90.9 ;
87 5
90.3
90. 5
87 6
- 89 9
1138
106 8
127 6
95.
98.
89.
0
1
4
2
9
6
5
2
8
3
87. 5 i
114.2
103 1
HI 2
104 6
117 5
103 0
119 5
310 3
104 5
1?9 9
r?7 3
113
106
195
119
7
6
3
8
110 5
94 2
120 9
91 0
84.0
102 5
116 8
106 9
104. 7
86 0
109 9
91 3
lls 7
92.4
78. 4
102 1
118. 3
104 0
104. 1
115.7
107 1
118.0
93.2
55. 2 :
113.5 !
114.8
r
107. 4 i
r
102. 3
T
97.8
r
113.3
111.5
115.1 :
107 3
112.8 ;
94.7
68.8
93.2
111. 5 :
56. 9
83.6
r
122. 4
r
122. 9
r
126. 3
121.5
134.1 i
126.4
r
121.9
r
132. 9'
113.6 !
r
136. 4i
r
138. 3 •
r
122. 3 ;
136 £
118.2
122. 1 i
117.4
128.0
138. 3 '.
142 3
r
95 C 1
115. 5
106 8
117.6
93.2
53.2
113.1
114. 8
107. 2
100. 5
97. 8
113.1
111.5
r
r Qg 0
115. 1
106 6
113. 1
94.7
69. 0
93.2
111.4
53. 4
85.0
123. 2
123. 9
126 6
121. o
134.3
126. 5
122. 0
132. 5
113. 5
135. 6
137.8
123. 2
137. 0
118. 2
122. 1
117.7
128. 8
138. 0
142 3
95 0
98 0
90 3
123. 2
86 9
106. 1
121.6
114 7
124 0
qi 3
113.2
j
2
2
91 0
r
2
Revised.
* Index based on 1935-39=100 is 190.9.
Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 47.6 (May); consumer prices, 52.4 (April); retail
food, 44.5 (April).
cf^or actual wholesale prices of individual commodities, see respective commodities.
9 Effective with the January 1955 index, cosmetics and related products were
transferred from drugs, etc., to the "other chemicals" subgroup.
June
SUEVEY OF CURRENT BUSINESS
1955
S-7
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
April
May
June
July
1955
DecemAugust SeptemOctober November
ber
ber
Janu-
February
ary
March
April
May
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
Xew construction (unadjusted), totalj
- 2, 814
mil. of dol..
r
Private, total
do
!
Residential (nonfarm)
do
J
New dwelling units
do
|
Additions and alterations
do
j
Nonresidential building, except farm and public j
utility, total
mil. of dol_.|
Industrial
do.
Commercial
do.
"Farm construction
do.
Public utility
do..
Public, total
do
Nonresidential building
do
Military facilities
do
Highway
do
O ther types
do
New construction (seasonally adjusted), total?
mil. of doL.
Private, total
do
Residential (nonfarm)
do
Nonresidential building, except farm and public
utility
mil. of doL.
Farm construction
do
Public utility
do
Public, total
do
Nonresidential building
do
Highway
do
'-3,140;
I, 923
980'
860!
- 3 , 503 1
^2,819;
' 2. 6971
- 2, 974
'2,420!
r
r
- 2,003!
- 1,046!
-2, 179J
1,050!
-2,460'
-1,327!
- 530
'•161!
- 5511
- 556!
- 159'
- 216
- 1621
- 1701
145!
- 365!
r
r 201
512J
133
'360
-963
-382
"•284
'3,674,
-2,457;
490 i
1271
-342)
r
891!
-383!
- 78!
r
229J
- 2,053
1, 040 j
-3,693;
m|
1
3,016';
'3,556,
-2,387,
1,2671
1,125!
113!
1,193
- 406
r 168:
r 152!
r
'•3,385!
- 2,273
-3,114
r
r
2, 126!
1, 104;
1, 112
r
-158;
- 206
1641
-393!
- 1, 169!
1,313;
lf>7;
- 90!
-4401
- 219;
-3, 108 !
r
2,125
1,102
-3.133!
r
2,180'
1,150;
-3,199'
-530i
- 534
128
- 362
- 2, 226
1, 192
- 960 i
- 68 i
102J
- 554i
- 558
- 162
- 210!
153!
-410!
- 1,214
-410
- 98
-492;
- 214;
'420:'
407'
- 90
r
400
215;
-521!
132
1,321
1, 195 [
1, 175!
110;
- 409!
2,072!
1,122!
' 1,030 ;
- 3, 199
-r 2.247
1,215
r
530
127
363
r
- 1701
- 202;
126!
'4071
1,OH3
-390:
f
101
-389,
- 203!
- 3, 136i
-2,238!
- 525
126
-364 1
-898
-363
-266
r
- 564
- 178
- 203
106
-383
r
542J
186'
188i
' 92;
3021
- 97li
-694
-366[
- 95
'• 320;
190
-3,254!
-2,269!
-1,229!
-316
78
- 150
-150
-3,42 C
-2,35i
-1.30
'3,428!
r
2, 396J
- 1051
559J
- 563'
-184
- 214
- 114
- 360 i
593
184
235
131
386
186|
208 !
- 103
-333
-795
-354
83
- 180 i
- 178J
r
r
- 1.336
3,451 i - 3, 442J
2,435; -2,446!
- 1,3451 - 1,330|
1,07'
-39:
-39:
- 1.032
'3891
r
344!
-582!
' 122
-371 j
- 1,016J
' 3761
-341!
- 996!
-377
321
54, 671
1,499
475
1,024
62, 39
].82£
617
1,21:
56, 285 i
1,5041
480 i
1,024|
58, 4561
1,581!
472|
1,109|
75, 533
2.135
677
1,458J
4,302
38,559
491,090
701, 427
4,2271
4,284!
5,729
42,7681 41,861 51,925
564, 788 534, 463 758, 870
'320
-387
-314
65, 521
1,692
477
1,215
65, 641
1,925
669
1,256
59, 741
1,733
625
1,108
60, 996
1,837
681
1,156
61, 612
1, 573
509
5,406
45, 971
605, 427
5,647
51,913
672, 288
5,367
49, 014
656, 445
5, 744
48, 877
641, 513
5,251
42, 549
550, 550
5,090
45, 303
646, 825
670,934
57, 531
80, 422
796,133
57, 019
84, 946
825,300
51,414 51, 988
73,138 74, 756
720, 266 j 745, 440
70,591 78,995! 85,814
692,736) 777,3321 851,824
53, 403
57, 928!
59, 900
48, 656
71,778
708, 691
55, 407
77, 30C
761, 577
50,696
70, 031
690, 355
2,040
219, 400
2,427
324, 032
2, 458
287,104
2, 693
351, 895
2,442
262,682
293, 285
342, 592
1,317
204, 595
1,514
272,91C
979 i
1,234
1,803
173,6571 247,763| 273,3lJ
544
70,908
548
103,633
502
69, 449
98,087
571
516
66, 897
457
98, 790
99,989
492
396
94,474
225!
251
196 s
213!
234
257
193
240
251I
207
2271
225
236
206
233
229
243
218
244
234
254!
231!
253|
231
256
241
263
232
254
255
264
1,4391
1,437
1,161
1, 575
1,271
1,479:
996
r
9881
'
9831
-985 :
-384
-320
r
-r 2,349
- 79!
-38i!
'3611
- 3, 261
2, 490
1,364
1,220
117
- 1.1701
1.07C|
129
-361
-953
-374
-309
r
!
1. 298
'1,170
I
-3,498
- 2, 503;
- 1, 366!
-623!
- 120
-380!
- 995!
-378!
-319
1,047
388
90
360
209
3, 512
2, 496
1, 350
629
119
383
1,016
377
340
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects
number.
Total valuation
mil. of doL
Public ownership
do___
Private ownership
do__.
Nonresidential buildings:
Projects
number..
Floor area
thous. of sq. ft..
Valuation
thous. of doL.
Residential buildings:
Projects
number..
Floor area
thous. of sq. ft..
Valuation
thous. of doL
Public works:
Projects
number..
Valuation
thous. of dol-.
Utilities:
Projects
number..
Valuation
thous. of doL.
Value of contract awards (F. R. indexes):
Total, unadjusted
1947-49=100..
Residential, unadjusted
do
Total, adjusted
do
Residential, adjusted
do
Engineering construction:
Contract awards (ENR)§
mil. of dol..
Highway concrete pavement contract awards:©
Total
thous. of sq. yd..
A irports
do
Roads
do
Streets and alleys
do
7, 791
1,211
4,0051
2,575
216:
6, 255
1, 480
1,820
2,954
1,064
3, 826
2,357
i
7, 8211
10, 4721
2,141'
4,504
65, 832
1.816
'5891
1, 227 j
3, 408
3,272
67, 701
1,965
633
1,332
5,321
50, 258
1,
1,206!
8, 376
582
4, 3011
2,314
2, 309
5,485
5, or
51,391
383
75, 6501
21
237
25?
277
676
1,646
6,135
51, 989
706,019
52, 583
67, 539
70,088!
74, 545! 98, 806 107, 850
744, 102! 989, 730 1L, 070,129
2,301
342,186
355!
462
660
203, 751
2281
266
261!
297!
264
307
260
291
290
336
253
286
54,815! 112,904
1,373
1,295;
1,C
1,987
1,449!
1,727
i 8, 691
2, 698
3, 639
2, 354
7,134
2, 6001
2, 7691
7, 289
2, 134
3, 635 i
1, 520!
9,504
8,470!
8, 760
1,242
3, 305
4, 213
1,215
5,076!
1, 500 j
1,919!
1,657!
J
215!
241|
261j
288,1
79,184
2,322
1
1
NEW DWELLING UNITS
(U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
114.3
103.6
107.7
108. 5|
116. 5j
116.0
115.'
Total, privately and publicly owned...thousands..
90.6
.107.4
112. 9i
113.0
106. 51
113.
110.51
112.6!
Privately owned, total
do
103. 3
89. 9
76.1
81. 4'
78.4'
83.9J
80.2)
84.6;
75 4
In metropolitan areas
do
80.1
69. (I
1.2!
3.9
1.3
.2
3.11
Publicly owned
do
1.1!
.3
Seasonally adjusted at annual rate: 9
1,102.0; 1,083. Oj 1,175.0! 1,188.0! 1,211.0! 1,248.0| 1,287.0 1,393.0 1.478.0
Privately owned, total
do
Residential construction authorized (nonfarm; housei
keeping units only), all permit-issuing places:f
100. 2!
92.3J
108.1
98.11
99. 8 i
97.3
94.3
88.0;
New dwelling units, total
thousands...
77.4
99.l!
104.2!
96. 2i
94.1
91.311
98.2!
Privately financed, total
do
95. 9
87.7!
76.0
88.2!
81. 5
85. l j
88. 31
Units in 1-family structures
do
93.0!
86.7
84.2
77.8
66. 3
3.2!
2.9J
3.1J
3.0|
Units in 2-family structures
do
!
2.9!
2.8
2.7
2.7
2 9
6.8|
6.4
7.7J
8.2
8.1
7.2
7.0|
Units in multil'amily structures
do
J
7.1
6.'8
l.lj
l.Oj
1.8!
1.7
1. 5
3.9
.3
Publicly financed, total
do
j
1.4
1.765J
r
89. 9;
- 87 9'
r
64. 9!
r
2. 0 i
2.021
3,988
3,495
2, 855'
2, 279 i
3, 336
117.0
116.1
84.7
126. 5 i
92.8!
1,419.0 " 1,370.0, 1,407.0
127.0!
1,309.0
132. 0
129.5
95.1
2.5
1, 306. 0
115.6
114.7
100. 5
4.0
10.1
I
f
CONSTRUCTION COST INDEXES
Department of Commerce composite!... 1947-49 = 100 | -120. 6| r 120. 8! - 121. 2! - 122. 0 : -121. 9' - 122.1 1 - 122. 61 - 122. 4! ' 122. 5 ' 122. 6 1 ' 122. 7
123. 2j
123.9
Aberthaw (industrial building)
1914 = 100..j
393^
|
!
395;
!
396 _
396
American Appraisal Co., The:
I
i
599!
Averaee, 30 cities
1913=100..
585
586
589J
591
594
595
600
597
598!
598
598
601
602
Atlanta
do
639
639
639
640
642
649
649:
649
650
649
649
649
650
654
New York
do~~
623
623
624
624
625
629
6291
629
629
630
629
629
628
626
San Francisco
do-.
530
530
530)
530
539
539
550J
551
545
545J
545
54
553
553
St. Louis
do
577
577
594
595
596
596
600
601
599
599!
598
599
601
601
432
4321
432!
Associated General Contractors (all types)
do
422
422
424
429i
430
431
432
432
432
434
435
r
Revised.
v Preliminary.
i Data includes some contracts awarded in prior months but not reported.
2 Revisions for January-March 1954 follow: 121.4; 120.8; 120.7.
^.Revisions for new construction for January-March 1954 will be shown later; those for 1950-1953 appear on p. 24 of the September 1954 SURVEY. Minor revisions back to 1915 for the Depart ment of Commerce construction cost index are shown in the May 1953 and May 1954 issues of the Construction and Ruilding Materials Statistical Supplement.
9 Adjusted data not shown in SURVEY prior to the October 1954 issue.
§ Data for April, July, September, and December 1954 and March 1955 are for 5 weeks; other months, 4 weeks.
G Data for June, August, and December 1954 and March 1955 are for 5 weeks; other months, 4 weeks.
t Revised series. These data cover nonfarm residential construction authorized in all places (both urban and rural) that require building permits; they replace the former urban-building
series which covered new dwelling units authorized in all places defined as urban in the 1940 Census.
2r
SURVEY OF CUEEENT BUSINESS
S-S
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 1955
1955
1954
April
May
June
July
October Novem- DecemAugust September
ber
ber
January
February
March
April
May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION
COST INDEXES— Continued
E. H. Boeckh and Associates^
Average, 20 cities:
Apartments, hotels, and office buildings:
254.2
Brick and concrete
U. S. avg. 1926-29 = 100__
250.2
Brick and steel
do
252 8
Brick and wood
do
Commercial and factory buildings:
261.0
Brick and concrete
do
257.4
Brick and steel
-do
251.9
Brick and wood
do
251 5
Frame
do
241.2
Steel
do
Residences:
253.4
Brick
do
247.4
Frame
- do __
Engineering News-Record :d"
129.6
Building
.. 1947-49 = 100. _
136.6
Construction
do
Bu. of Public Roads — Highway construction:
Composite standard mile
1946=100.
CONSTRUCTION MATERIALS
Output of selected construction materials, index:f
134. 0
Iron and steel products
1947-49=100
126.3
I umber and wood products
do
REAL ESTATE
Home mortgages insured or guaranteed by —
Fed, Hous. A dm.: Face amount
thous. of dol_. 152,886
249, 213
Ve-t A dm • Face amount
do
Federal Home Loan Banks, outstanding advances to
613
member institutions
mil of dol
New mortgage loans of all savings and loan associa731, 533
tions, estimated total
thous. of doL
By purpose of loan:
256, 844
Home construction
__
do
297, 895
Home purchase
do
176,794
All other purposes
-do
New nonfarm mortgages recorded ($20,000 and under),
1,793
estimated total
mil. of dol
2. 275
Nonfarm foreclosures*
number
Fire losses
thous. of dol__! 77,933
255. 7
251.3
253.9
256.1
251.5
254.7
257.3
252.8
256.2
257.9
253.3
256.3
258.3
253.7
256.5
258.5
253.9
256. 8
258.2
253.4
256.8
258. 5
253.8
257. 1
258. 8
254. 6
257. 7
258.8
254.7
257.9
259.0
254.9
258.6
260.7
256.2
260.0
262. 9
258.8
253. 1
252. 6
242 2
263.4
259.3
253.6
253.9
242.4
265.0
261.0
254. 9
255.4
244.7
265.8
261. 7
255.3
255. 5
245. 5
266.1
262.1
255.4
255. 7
245.9
266. 3
262.2
255. 6
256. 1
245.9
266.0
262.0
255. 5
256.1
245. 6
266.2
262.2
255. 7
256. 4
245. 9
266. 4
262. 5
256. 2
257. 4
246. 0
266. 5
262.6
256.3
257.7
246.1
266. 7
262. 9
256. 8
258.8
246.3
268.5
264. 5
258. 1
260.3
247.4
254.5
248.3
255.3
249.3
256.8
250. 8
257. 0
250. 8
257.2
251.1
257. 5
251.4
257. 4
251.4
257. 7
251.7
258. 4
252.4
258.6
252.6
259.3
253. 5
260.7
254. 9
130.0
137.3
131.3
138.7
134.7
141.7
134.4
141.3
134.7
141.6
135. 0
141.8
135. 1
141.9
135. 4
142.
135. 9
142.4
135, 9
142.5
136.2
142.9
136.8
144.2
19S 4
127 0
124.5
124. 5
138.1
i 117.9
121.4
193.9
126. 9
U07.6,
124. 3
M26.6
146, 580
269, 616
164,217
308, 931
154, 598
293, 652
150,706
418,182
135,743
409,864
659
128. 1
137.4
144.8
127.6
121.3
133. 5
105.6
127.5
97.6
124.9
104. 5
117.7
153, 592
517, 807
182, 894
492, 850
201, 289
555, 699
252, 393
622,155
r
104. 5
116.7
130.1
136.4
226, 434
566, 118
269. 267
531, 647
243, 346
514, 998
688
702
754
608
675
630
689
708
743
867
717
728, 369
809, 937
802, 356
840,693' 828,170
824, 223
806, 718
852, 543
743, 693
775, 171 1, 025, 743 1, 015. 722
254, 361
301, 497
172,511
283, 088
341,421
185, 428
280, 756
348, 998
172,602
288, 985
371,951
179, 757
282, 060
368,912
177, 198
283, 385
364, 267
176, 571
278, 125
357, 022
171,571
294, 539
368,513
189,491
252, 192
325, 796
165, 705
264, 962
339, 522
170, 687
386, 238
427, 406
212, 099
380, 044
430, 289
205, 389
1,804
2,189
62, 282
1, 990
2,339
65, 533
2.027
2,230
69. 532
2, 086
2,108!
78. 163
2, 122
2,365
64, 087
2, 156
2,079
57, 668
2,148
2,181
61, 663
2, 267
2,224
83, 881
2,024
2, 305
75, 265
1,958
2,189
85, 046
2,455
2, 595
88, 197
78,632
2, 357
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
182
174
165
181
178
167
168
173
182
167
Combined index
1947-49=100-179
169
170
r
161
165
174
164
168
173
173
167
162
168
167
B usiness papers
do
171
160
133
141
140
137
141
134
140
144
126
133
132
Magazines
_ _ do _
145
128
r
182
160
182
155
170
159
164
186
178
16!
162
Newspapers
do
156
157
162
144
163
143
132
152
146
147
13*
Outdoor
_. do ._
149
156
152
138
r
53
55
60
50
61
59
54
57
56
Radio (network)
do
60
64
60
6(>
r
304
294
294
304
300
275
264
301
233
263
250
Television (network)
1950-52=100..
298
280
149. 6
191. 7
140.9
158. 6
180.9
191.0
168.4
180.0
188.9
Tide advertising index, unadjusted
1947-49=100.130.3
195.3
159.6
131. 1
Radio advertising:
11,187 r 10, 786
11,429
10,215
12,112
10, 445
12, 267
10, 950
9,529
10, 764
Cost of facilities total
thous. of dol
11.236
9, 571
857
834 i
1,011
822
669
631
692
721
785
875
957
693
Yutomotive, incl. accessories
do
2,492
' 2, 574
2, 341 |
2,576
2, 556
3,182
2, 641
2, 546
3,315
3,413
Drugs and toiletries
do _ .
2,222
2, 130
2,578
2,353
2,481
r 2, 343
2,537
2, 476
2,648
2,326
Foods, soft drinks, confectionery
_ do
2, 532
2, 608
2.453
2, 361
1, 254
1,219
1,023 i
1,067
1,161
1,208
1, 135
1,287
1, 358
1, 168
1,200
Soaps, cleansers, etc. _._
_
... do
1.117
1,023
977
957
1,021
883
709
613
867
812
Smoking materials
do
965
771
575
T
3,
081
3,
012
3,
068
2,644
2,
7UO
3,
043
3,
210
All other
do
3, 251
3, 056
2, 621
2,469
2,647
Television advertising:*
33, 560 r 33, 446 ' 31, 279 34, 594
32, 075
25, 922
24, 536
25, 347
26. 198
23, 669
31,671
Cost of facilities, total
do
22, 945
3, 432
3, 388
2, 837
3, 506 r 3, 239
2, 479
2, 268
1,934
1. 932
3, 725
2, 331
Automotive, including accessories
do
1, 969
r
6,721
7,357
7, 727 ,
4, 630
7,202
6, 835
4, 397
5, 504
6. 053
5, 073
Drugs and toiletries
do
7,657
5, 182
6, 735
7,735
5, 554
7,453
5, 436
7, 339 i
5, 795
5, 702
Foods, soft drinks, confectionery
do
6,571
7, 991
5,447
5,377
r
3, 145
3, 453
3, 296
3, 333
3, 055
2,882
Soaps, cleansers, etc
do
2, 952
2, 996
3, 054
2, 484
2,798
3,728
3, 734
3. 929
3, 556
3,619
3, 388
3, 262 i
3,442
3. 559
Smoking materials
do
3, 728
3, 601
3. 510
3. 585
r
r
5,434
8,307
7, 636
4, 426
6, 409
8. 278
8, 139
6,648
All other
_
_ _ . . ..do__
7, 271
5. 855
7. 893
4,348
Magazine advertising^
62, 984
45, 077
63, 048
60. 328
50, 324
36, 548
63. 511
34, 648
Cost, total
do
47, 479
33, 576
51, 787
56, 966
4,728
5, 609
5, 514
1,856
5,712
3, 238
4, 202
Apparel and accessories . _
do _ _ .
3,340
3, 025
6. 399
4, 852
814
3, 262
5, 416
6, 329
5, 878
3, 714
4,177
4,972
\utomotive, incl. accessories
do
4,523
3,714
3, 787
3, 162
5, 308
2, 184
3, 236
1,394
1,554
3, 641
Building materials
do
4, 157
4,670
859
2, 303
1,741
3,198
3,447
6, 195
5, 334
5, 795
5,215
3, 289
3,499
5, 210
D rugs and toiletries
do
4, 780
4, 460
3, 798
4,361
4, 995
7 91^
8,477
5.234
8, 885
6, 672
6, 695
Foods, soft drinks, confectioner v _
do
6, 953
5. 999
5, 457
5, 357
6, 472
7, 390
4, 135
3,158
2 694
2 616
1,507
2, 005
2, 380
1,521
Beer wine, liquors
do
1,967
4, 568
2, 220
2,472
4, 241
4, 439
4, 862
913
4, 450
3, 259
1,348
Household equipment and supplies
do
1,733
3. 005
2,807
1, 913
2, 958
3, 690
3, 426
2,948
2. 510
3, 358
1, 762
1,291
681
Household furnishings
do
1,510
1,00.1
1,726
2,657
4, 769
4,044
4, 020
4,229
2,313
2, 719
2. 793
Industrial materials
._ _ _
, _ ... do-_ .
4. 303
3, 755
3, 089
3, 03(5
3, 675
Soaps, cleansers, etc
do
760
456
810
976
1,273
781
294
506
515
729
1,073
971
1, 549
1,377
1, 691
1, 662
1,055
1, 350
1.138
1,087
Smoking materials.. .
_. _ _ _
do ...
1. 285
1,492
1, 350
1,486
18, 390
9,297
9,943
17, 502
All other
do
16, 196
12, 938
16, 727
12, 622
14. 088
14, 732
11,113 ;
16, 229
3,214
4,284
3, 864
4, 999
Linage, total
thous. of lines
4, 551
4, 306
3,283
3,104
:;, 771
4,656
4,348
4,794
4,927
4,548
i
Newspaper advertising:
233, 264 234, 644 216, 570 185,771 199,363 218, 909 244, 880 238, 475 229, 480 196. 204 i 194, 395 242, 549 243, 834 I
Linage, total (52 cities)
do
55, 689
50, 842
52, 030
Classified
_
do ...
51, 778
48, 793
51,050
54. 501
50, 193
53,001
45, 160
48, 519 ! 57, 75(
59, 996
181, 486 178, 955 164, 540 135, 579 146, 362 167, 858 190,379 189, 682 184, 320 145, 362 ; 145, 876 i 184,793 '. 183, 838
Display, total
do
12,572
14, 147
15, 617
8,074
15, 129
14.647
9, 980
11.520
10, 781
9, 760
A utomotive
do
11,040 i
15, 292 •
17, 079
3. 179
2, 905
3,255
3, 065
2,921
2 278
3,218
4, 516
3, 227
2. 673
Financial
- .
- .-do - _
2, 708 1
3, 530
3, 382 .""'""
34, 896
34, 513
37, 559
31,312
23, 952
26, 038
23, 526
33, 979
24, 785
28. 981
General
do
27, 748
34, 414
33, 243
96. 880 109, 777 126, 444 137, 069 136, 298 146, 991 106. 081 104, 379 ' 131, 557 130, 135
130, 295 126, 506 115,179
Retail
do
r
!
Revised.
v Preliminary.
Data reflect work stoppage in Douglas fir industries.
§Copyrighted data; see last paragraph of headnote, p. S-l.
cf Data reported at the beginning of each month are shown here for the previous month.
f Revised series. For description of the indexes and data back to January 1947, see the April 1955 issue of CONSTRUCTION REVIEW, published jointly by U. S. Department of Commerce,
BDSA, and U. S. Department of Labor, BLS.
*New series. Mortgage foreclosures, compiled by the Housing and Home Finance Agency, Home Loan Bank Board, represent estimates of the total number of mortgage foreclosures in all
nonfarrn areas of the U. S. Television advertising cost, compiled by the Publishers' Information Bureau, Inc., covers gross time charges for network advertising on major television networks
(ABC, N B C , Columbia, and Du Mont). IRevised to exclude magazine sections of newspapers. Comparable data prior to August 1953 will be shown later.
SURVEY OF CURRENT BUSINESS
ior»r»
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-9
1955
1954
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
r 15, 622
i 15,323
DOMESTIC TRADE—Continued
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates: t
A t
} 'ii(
! >&
• ' diiu
H in di tis _ _ "
1
Auiomoi
- - - - - " ~_" _~ --^°-q
PI th*
d h
Fj oo 1 an^ 1 c . If,o h01HP b e v rapages«;
^ T7
r^o
ri
do _
seVi o1 1 01 e a t' o
O b
rl
uo
£,-
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
O
233 1
234.8
237.7
242.0
28 8
12.6
12 4
28.9
12 4
1'? 6
29.9
13.1
12.8
33. 4
15 5
13.9
120.0
19.7
72 5
7.0
121. 1
19.4
73. 7
7.0
122.1
20.0
74.2
7. 1
122. 1
19.9
73.9
7 2
84 3
12.1
29.3
7.2
84 8
12. 2
29.5
7.3
85. 7
12.3
29.8
7.3
86.5
12.5
30.2
7.4
14,324
14, 246
14, 658
14, 390
13, 896
14, 139
14, 665
14, 531
17,872
13, 279
12, 762
14, 704
4,963
2,841
2,699
143
5,020
2,832
2, 695
137
5, 458
3,095
2, 936
159
5, 022
2,747
2,588
159
4,916
2,672
2,526
146
4,842
2, 536
2, 399
136
4, 853
2,491
2,344
147
4, 786
2,478
2, 338
141
5,614
2,824
2, 636
187
4,482
2.645
2,532
113
4. 503
2,707
2, 591
116
5, 430
3, 305
3,170
135
do
do
do
do
695
407
288
808
587
221
739
444
296
849
620
229
758
438
319
918
686
232
733
422
310
919
687
233
730
434
296
923
707
216
740
433
307
936
706
230
812
488
325
947
704
243
836
503
333
898
652
246
1,025
600
425
916
597
319
698
410
288
663
493
170
682
405
277
639
480
169
761
456
305
795
599
196
'757
466
292
900
672
228
do
do
do
do
do
do
9, 361
949
198
379
188
185
9,227
821
184
337
149
152
9,200
852
204
326
163
159
9,368
722
154
283
147
138
8, 980
681
133
266
154
128
9, 296
847
164
323
188
172
9,812
911
192
350
204
165
9,744
920
211
361
195
152
12, 258
1,448
354
566
313
215
8,797
693
149
284
136
125
8, 260
602
130
247
120
106
9,274
9,917
^986
194
384
199
209
do
do
do
do
do
398
1, 035
3,422
2, 866
903
406
1,100
3,447
2, 886
955
406
1,134
3,385
2,833
989
407
1,221
3,689
3,121
1,052
396
1,207
3, 374
2,828
1, 026
392
1, 156
3,475
2, 920
975
406
1,139
3,661
3,100
1,017
398
1,067
3,452
2, 893
994
530
1,113
3,920
3, 304
1,008
420
1,013
3, 398
2,868
949
394
950
3, 253
2,742
873
409
1,026
3, 527
2,983
944
1
'416
415
1
' 1, 080
1,150
' 3, 689 13,471
' 3, 127
i 2,921
'988
11,033
do
__do
do
do
do
do
do
do
do
do
do
1, 567
863
94
249
361
266
14, 242
4, 882
2,728
2,582
146
1.478
'819
86
222
350
262
14, 044
4, 730
2,581
2,449
132
1,514
830
96
231
358
250
14, 439
5, 024
2,826
2, 682
144
1,334
697
228
332
280
14, 272
4,911
2, 640
2,490
150
1, 424
761
95
231
337
264
14, 150
4,770
2, 571
2,430
141
1,543
852
103
235
353
276
14,214
4,798
2,564
2, 434
131
1, 686
923
107
255
401
283
14,071
4,689
2,485
2, 348
137
1,821
1,025
140
265
391
287
14, 361
4,948
2,685
2,547
138
2,850
1, 555
173
549
574
458
15, 123
5, 320
3, 054
2, 904
150
1,244
676
83
186
299
248
14, 864
5,143
2,844
2, 700
143
1,171
611
85
190
284
240
14, 765
5,209
2, 990
2, 841
149
1,464
796
107
219
342
256
' 1, 650
'897
94
278
381
266
777
440
337
781
566
215
769
436
333
800
582
217
740
423
317
818
598
220
775
447
328
846
614
231
724
415
310
864
644
219
728
426
302
867
645
222
752
444
308
875
648
227
744
448
296
905
674
231
766
475
290
909
668
241
805
488
317
879
647
232
810
496
314
836
623
213
do
do
do
do
do
do
9,360
876
200
340
182
153
9,313
822
194
330
160
138
9,415
885
207
354
179
146
9,361
855
184
348
178
145
9. 38C
'8?3
178
315
190
140
9, 417
820
177
311
183
149
9,382
812
173
309
175
155
9,412
823
173
330
166
154
9,803
912
188
374
177
173
9,722
889
184
356
180
169
9, 556
'870
188
338
183
161
r
Drug and proprietary stores . _ .._
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
-
do
do
do
do
do
416
1,105
3, 366
2,835
938
410
1,102
3,434
2,872
954
412
1, 128
3,434
2,860
956
403
1,141
3,443
2,887
955
404
1,107
3,497
2, 927
969
410
1,106
3,570
2,992
950
407
1,085
3, 522
2, 966
982
411
1, 070
3,494
2,944
985
413
1,070
3,657
3, 103
974
425
1, 092
3, 560
3,007
1,023
General-merchandise group
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Other general-merchandise stores
Liquor stores
do
do
do
do
do
do
1,606
857
104
250
394
292
1, 539
840
100
234
365
270
1,581
854
103
249
374
280
1,569
862
104
250
353
277
1, 576
854
101
256
364
291
1,566
849
100
257
359
283
1, 565
867
98
247
353
266
1,570
870
101
258
341
266
1, 669
904
107
285
374
281
do
do
do
23, 350
11,080
12, 270
23, 020
10, 900
12, 120
22, 130
10, 490
11,640
21, 840
10, 240
11,600
22,140
10,160
11,980
22, 500
9, 890
12,610
22, 630
9,570
13, 060
23, 270
9,840
13, 430
do
do
do
do
do
22, 690
10,410
3,770
1,990
2,320
22, 800
10, 500
3,820
2,020
2,320
22, 600
10, 380
3,750
2,000
2,300
22, 400
10, 190
3,670
1,920
2,290
22, 450
10, 290
3,740
1,920
2,320
22, 430
10, 230
3,660
1,930
2,340
22, 000
9,970
3, 360
1,930
2,340
do
do
do
do
12, 280
2,810
2, 580
3,670
12,300
2,710
2,590
3,740
12,220
2, 690
2, 570
3,720
12, 210
2,700
2,530
3,730
12,170
2,670
2,490
3,740
12,190
2,740
2, 370
3, 820
12,020
2,690
2,290
3,770
mil. of doL-
Durable-goods stores
_. __. _ _ ._
Automotive group
Motor- vehicle, other auto dealers
Tire, battery, accessory dealers
Furniture and appliance group _ _ _
do
do
do
do
_ . do
Household-appliance radio stores
Lumber, building, hardware group
Lumber, building-materials dealers
Hardware stores
Nondurable-good*-! stores
Apparel group , . __ _.
.
M^en'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
Food group
- __ _
Grocery stores -Gasoline service stations
General-merchandise group
Department stores, excl. mail-order-Mail-order (catalog sales)
Variety storec
Other general-merchandise stores
Liquor stores
Estimated sales (adjusted), total
Durable-goods stores
Automotive group
Motor- vehicle, other auto dealers
Tire battery accessory dealers
Furniture and appliance group
Furniture, homefurnishings stores
Household-appliance, radio storesLumber, building, hardware group
Lumber, building-materials dealers
Hardware stores
do
do
. do
do
do
do
Nondurable-goods stores
_
4pparel group
Men's and boys' wear stores
Women's apparel, accessorv stores - _ _ .
Family and other apparel stores
Shoe stores
Estimated inventories:
Unadjusted total
Durable-goods stores
Nondurable-goods stores
Adjusted, total
Durable-goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
Nondurable-goods stores
Apparel group
Food group
General-merchandise group
-
2S
328
167
146
* 15, 060
5, 704
' 3, 431""'1 ,3,414
3,271
159
5, 458
3,169
3,020
149
15, 247
5,524
3,204
3,044
160
836
49C
34(
863
645
21*
837
504
334
890
661
22(
9, 602
867
183
334
193
157
9,723
88!
194
342
183
161
412
1,085
3, 577
3,010
998
418
1, 083
* 3, 602
T 3, 053
1 , 007
427
1, 141
3, 52(
2, 98(
1,023
1,654
902
10(
269
377
290
1, 584
849
104
254
377
277
1,615
861
112
258
384
277
1,677
912
104
268
393
273
20, 670
9,240
11,430
20, 970
9, 700
11,270
22,010
10, 270
11, 740
r
23, 520
10, 950
12, 570
23, 570
11,280
12, 29(
22, 080
10, 030
3,390
1,930
2,340
22, 090
10, 060
3, 430
1,900
2,410
22, 210
10, 160
3,650
1,850
2,330
22, 360
10, 330
3,770
1,890
2, 310
' 22, 590
10, 450
3,900
1, 890
2,290
22, 770
10, 550
3,970
1,910
2,290
12,050
2,700
2,300
3,810
12,030
2,570
2,310
3,920
12, 050
2,650
2,380
3,830
12,030
2,710
2, 350
3,820
r
12, 220
2, 800
2, 380
3,830
r
12, 140
2,770
2,310
r 3, 870
i 808
^844
11,568
1861
f
l
Revised.
Advance estimate.
{Revised series. Quarterly estimates have been revised back to 1939; annual data, to 1929. Revisions prior to 2d quarter 1953 for the grand
total, total durable and nondurable goods, and services are shown as components of gross national product in table 5 OH pp, 8 and 9 of the July 1954 SURVEY; those for the subgroups appear in
the 1954 issue of the National Income Supplement.
SUEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June
1955
April
May
June
August
July
Septem- October Novem- I )ecember
ber
ber
J a n u - ! February 1 ary
March
April
1
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Firms with 11 or more stores:
Estimated sales (unadjusted), total
mil. of dol__
Apparel group
do
Men's and boys' wear stores
do
^Vomen's apparel accessory stores
do
Shoe stores
do
Drug and proprietary stores
do
Bating and drinking places
do
Furniture homefurnishings stores
do
13,718
2%
32
119
86
92
58
39
i 2. 316
126
1'?
48
41
60
53
23
i 2, 255
113
10
44
37
57
50
24
i 2, 632
174
14
67
56
60
56
32
12.906
212
17
81
79!
64'
56 :
26
732
355
797
380
848
385
1 360
570
565
536
240
687
327
807!
389J
98
184
1 077
75
49
120
199
1, 183
71
51
125
210
1,081
68
49
203
425
1,288
58
74
80
140
1.083
50
42
73
144
1,071
54
42
93
170
1, 166
61
49
i 2, 660
177
17
67
59
63
57
27
i 2, 798
188
18
73
62
66
57
27
i 2, 754
181
15
69
62
63
56
31
30
i 2.774
175
15
70
60^
66!
57
28
722
334
745
345
820
385
812
393
758
357
-802
-380
795
379
102
199
1,120
64
51
105
193
1,108
61
52
107
200
1,116
67
50
120
216
1,154
70
52
114
206
1,127
66
55
107
197
1,164
70
55
115
205
1, 168
70
55
1121
2051
1.170
69
58
117
228
127
231
135
238
150
249
200
277
163
276
140
268
132
266
137!
267
45
14
45
13
46
13
47
14
48
13
46
14
44
14
43
14
48
15
44i
15
46
44
10
47
42
11
46
43
11
45
44
11
44
44
12
45
44
11
47
43
10
45
43
12
45
43
12
44
44
12
45
44!
11
106
120
192
108
98
119
110
104
98
104
114
106
107
106
114
106
108
100
112
110
96
99
104
113
110
105
88
106
77
86
82
111
99
84
73
78
93
89
100
98
115
83
98
94
115
107
99
80
85
102
100
111
r 113
118
141
110
114
111
135
122
'124
110
113
130
123
116
137
154
133
133
134
147
133
120
132
146
153
137
134
200
234
200
188
192
225
205
180
184
197
231
193
209
91
106
90
88
87
1C7
94
80
84
85
91
93
97
88
108
82
84
84
101
89
81
81
83
90
90
93
100
90
98
94
' 120
-104
88
91
101
111
101
97
-114
"141
p 108
P 114
p 113 .
P 136
p 123
pl08
p97i
p 109
f 125
p 117
P 112
P115
123
115
113
105
121
116
111
106
111
122
111
112
112
129
106
110
107
127
117
103
102
109
120
122
114
111
132
107
106
105
132
121
105
101
109
117
112
115
111?
131
104
108
108
127
116
105
105
107
120
110
115
- 108
121
109
10!)
101
114
110
101
102
107
115
104
110
113
138
110
111
106
129
118
106
105
105
124
112
116
114
135
110
110
109
130
116
104
105
111
124
115
114
117
136
111
115
116
134
123
113
105
113
133
118
118
118
137
114
114
113
135
126
111
106
112
124
120
124
112
131
109
109
109
125
113
105
100
109
119
113
115
113
- 133
105
111
104
- 131
- 116
- 104
103
111
128
116
116
p
P
P
p
p
P
p
p
p
P
P
P
P
P 117
111
108
122
102
108
98
123
110
104
100
105
115
106
114
127
120
126
121
- 117
122
'116
124
120
12-1
129
125
138
124
139
124
110
124
111
123
117
121
128
123
p ISO 1
p 123!
j
333, 209
83, 562
249, 647
335, 726
78, 109
257, 617
352, 655
81,318
271, 337
313, 704
69, 881
243, 822
327, 837
77,591
250, 247
345, 570
81,298
264, 272
370, 634
88, 435
282, 199
384, 428
93, 531
290, 898
523, 056
131. 875
391, 181
266. 312
53. 456
212, 856
242, 847
52, 271
190, 576
319, 249
76,420
242, 829
376.049
88. 607
287, 442
do
8,751
2,902
5,849
8,526
2,781
5,745
9,465
3.060
6, 405
9. 515
2,872
6,643
9,461
2,984
6,477
9. 632
3, 089
6, 543
9, 469
3,095
6, 374
9, 627
3,023
6, 604
9, 596
3, 007
6,589
8,686
2, 719
5,967
8,454
2, 798
5,656
- 9, 698
3.271
- 6, 427
9,172
3, 219J
5. 953
do
- -do._
do
11,601
6,022
5,579
11, 553
6,040
5, 513
11,488
5, 881
5,607
11,503
5,720
5, 783
11,627
5.712
5,915
11, 752
5, 642
6,110
11,944
5, 641
6, 303
11,916
5. 61 1
6, 305
11, 562
5, 460
6, 102
11,738
";. Col
6,087
11,768
5, 846
5.922
- 11,622
5, 939
- 5, 683
11,612 _ _
6,004
5, 608
Estimated sales (adjusted) total
Apparel group
IVTen's and bov^' wear stores
do
do
do
Shoe stores
Drug and proprietary stores
Fatinsr °nd drinking places
Furniture homefurnishings stores
do
do
do
do
General-merchandise group
Department stores
Dry-goods, other general-merchandise
mil.
Variety stores
Grocery stores
Lumber building-materials dealers
Tire battery accessory stores
do
do
stores
of dol_do
do
do
do
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49-100
Installment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts 9
do
Sales by type of payment:
Cash sales
percent of total sales
Sales, unadjusted, total U. S.t
Atlanta
P>oston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
do
1947-49= 100. .
do. ..
do
do
do
do
do
do
do
do
do
do
do
Sales adjusted, total U. S.t
Atlanta
P>oston
C h icago
Cleveland
Dallas
Kansas Citv
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
do
do
do
do
do
do
do
do
do
do
do
do
do
Stocks, total U. S., end of month:}
Unadjusted
Adjusted
do
do
Mail-order and store sales:
Total sales 2 companies
thous. of dol
Montgomery Ward & Co
do
Sears, Roebuck & Co
. _ _ . . do_WHOLESALE TRADE
Sales estimated dmadj.), total
mil. of dol
Nondurable-goods establishments
Inventories, estimated (unadj.), total
Durable-goods establishments
. .
Nondurable-goods establishments
r
1
i 2, 743
186
20
71
54
61
54
32
General-merchandise group
do
Department stores
do
Dry-goods, other general-merchandise stores
mil of dol
Variety stores
do
Grocerv stores
do
Lumber building-materials dealers
do
Tire battery accessory stores
do
Installment sales
1
2, 802
183
17
68
61
64
57
33
i 2, 687
212
18
81
73
62
54
27
i 2, 603
165
14
66
57
61
55
32
1 2, 605
171
737
346
108
198
1,128
60
50
65
61
61
57
28
i 2, 643
139
11
58
52
63
58
28
i 2, 470
131
10
55
47
60
58
29
697
347
729
354
655
314
692
321
96
174
1 114
64
49
104
182
1 069
70
59
94
175
1, 206
70
58
104
178
1,029
2, 595
160
14
63
53
63
54
28
i 2, 619
167
16
66
54
63
55
*>%
i 2, 652
164
15
67
54
64
55
31
i 2, 655
166
16
65
55
63
55
29
736
344
702
322
740
338
730
336
748
345
745
351
105
192
1, 088
60
51
99
187
1,120
62
48
106
199
1,098
62
52
107
190
1, 128
63
54
109
200
1,119
63
49
131
236
130
233
130
232
117
226
45
14
46
14
47
14
46
44
10
47
43
10
110
12,613
175
16
69
56
64
55
29
- 130
108
109
- 104
- 122
r 112
- 102
- 99
109
124
112
107
111
r 128
105
111
104
123
115
101
100
110
122
r 115
1
n
52
1
2, 598
170
13
62
63
60
57
28
2. 654
168
16
63
57
64
55
29
1
2, 607
168
15
64
59
63
54
30
i 2,717 - * 2,
169
15
66
56
63
57
30
778
178
15
68
61
63
r 129
...
116!
215
1.253
68
57! .
119
142!
10711
120
113'
140
129
108
101'
115.
129i
122
122!
..
370,491
84, 767
285, 725
'
. .
l
Revised.
» Preliminary.
Excludes comparatively small sales amounts for certain lines of trade also excluded from this scries prior to April 1954.
9 Revised beginning 1953; "not strictly comparable with earlier data.
JData for 1946-53 have been revised to reflect changes in seasonal factors and other minor changes. Unpublished
revisions (prior to July 1952) will be shown later.
SURVEY OF CURRENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-ll
1954
May
April
June
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. Armed Forces overseas©
thousands. .
161, 762
161, 966
162, 184
162, 409
1Q2, 667
162, 945
163, 210
163, 465
163, 699
163, 930
164, 158
164, 367
164, 595
164, 799
EMPLOYMENT
N constitutional population, estimated number 14
years of age and over, total
thousands. -
115,987
116, 083
116,153
116, 217
116, 329
116, 432
116,547
116,644
116, 763
116,855
116,901
117,051
117.130
117,236
do
G7, 438
67, 786
68, 788
68, 824
68, 856
68, 566
68, 190
67, 909
66,811
66, 700
66, 550
66, 840
67, 784
68, 256
do _
do
do
do
do ._
64, 063
60, 598
6, 076
54, 522
3, 465
64, 425
61,119
6, 822
54, 297
3, 305
65, 445
62, 098
7, 628
54, 470
3, 347
65, 494
62, 148
7, 486
54, 661
3, 347
65. 522
62, 277
6, 928
55, 349
3, 245
65, 244
62, 145
7, 527
54,618
3, 100
64, 882
62, 141
7,239
54,902
2,741
64. 624
61. 732
6, 154
55, 577
2, 893
63, 52f
60, 688
5, 325
55, 363
2,838
63, 497
60, 150
5, 297
54, 853
3,347
63. 321
59, 938
5, 084
54, 854
3,383
63, 654
60, 477
5, 692
54, 785
3, 176
64, 647
61 , 685
6, 21 5
55, 470
2, 962
65, 192
62, 703
6, 963
55, 740
2,489
do
48, 549
48, 297
47, 365
47, 393
47, 473
47, 865
48, 357
48, 735
49, 952
50, 156
50, 352
50, 212
49, 346
48, 979
do
do
do
do __
48, 069
15, 948
9 207
6, 741
47, 939
15, 781
9, 095
6, 686
48, 200
15, 835
9, 066
6,769
47, 866
15. 584
8,811
6,773
48, 123
15, 822
8,820
7, 002
48, 490
15, 972
8, 887
7, 085
48, 580
16, 007
9, 002
7.005
48, 808
16, 057
9,121
6, 936
49, 46,1
16, 050
9,144
6,906
47, 741
15,925
9,113
6, 812
47, 753
16, 060
9,220
6,840
772
99
45
228
761
100
37
221
771
100
36
222
760
101
34
210
763
99
35
215
744
90
34
213
743
91
43
211
749
94
44
212
747
93
43
212
741
94
43
211
737
94
40
210
296
104
2, 452
3,991
1,202
130
700
42
553
298
106
2,542
3. 993
1,212
128
699
41
553
305
107
2,629
4,017
1, 225
127
699
41
560
308
108
2,686
4,029
1,228
127
705
41
565
306
108
2, 735
4,018
1,220
126
703
41
565
300
107
2, 698
4,023
1,212
125
696
41
561
292
106
2,652
4, 005
1,203
124
694
41
556
294
106
2,598
3,986
1,186
123
694
41
555
296
104
2,426
3,996
1,187
123
694
42
555
294
100
2,237
3,927
1, 153
122
693
41
553
293
100
2, 169
3,937
1,152
121
696
41
553
do
do
do
do___
do
do
do
do
do
_ do ...
do
do
10, 474
2,768
7, 706
1,400
1, 445
764
2,096
5,611
483
331
166
6,725
10, 351
2,750
7,601
1,331
1,443
763
2, 103
5,672
497
334
166
6, 736
10, 389
2,761
7, 628
1.316
1,449
765
2,128
5,715
522
337
167
6,716
10. 351
2,784
7,567
1,281
1,442
764
2,150
5, 755
580
338
162
6, 551
10, 321
2,784
7, 537
1. 280
1, 434
760
2,151
5,750
579
332
156
6, 563
10. 447
2,789
7, 658
1,349
1,444
753
2,141
5.719
512
329
157
6. 746
10, 548
2,819
7,729
1,398
1, 460
749
2,136
5, 660
474
330
160
6, 829
10, 745
2,849
7,896
1, 518
1,472
754
2,134
5, 622
466
328
158
6,917
11,354
2,860
8,494
1.903
1,494
767
2,136
5,588
463
327
155
7,166
10,419
2,817
7,602
1,327
1,462
749
2,124
5, 533
456
326
153
6,835
10,309
2, 806
7, 503
1,269
1,467
749
2,132
5, 536
462
324
150
6,873
- 10, 408
do
_ _ _ d o ._
do
do ._
48, 267
16, 072
9,191
6,881
48, 183
15, 985
9,115
6,870
48, 170
15,942
9,070
6, 872
48, 048
15. 733
8,912
6, 821
48, 029
15, 688
8, 856
6,832
48, 020
15, 739
8,881
6, 858
48, 129
15,835
8, 975
6,860
48, 386
15,972
9,082
6, 890
48, 380
15, 992
9,105
6,887
48, 398
15, 993
9,124
6,869
48, 440
16, 091
9,211
6, 880
- 48, 766
r 16, 229
9,300
r 6, 929
- 48, 878 p 49, 184
- 16, 384 p 16, 531
- 9, 406 p 9 , 517
- 6, 978 p 7,014
do
do
do
do
do
do
do _ - -
776
2, 554
3, 998
10, 502
2. 096
5, 61 1
6, 658
769
2, 542
3', 996
10. 470
2,103
5, 61 6
6,702
767
2. 528
4,001
10. 455
2, 107
5,631
6,739
768
2,534
4,000
10, 480
2,118
5, 670
6, 745
755
2, 532
3,989
10, 475
2,119
5, 665
6, 806
740
2,521
4,007
10,447
2, 141
5. 634
6,791
743
2, 502
3,995
10, 443
2,147
5, 660
6,804
745
2,522
3, 976
10, 496
2, 145
5, 650
6,880
743
2,476
3,986
10, 575
2,147
5,644
6,817
741
2,458
3,974
10. 574
2,145
5, 646
6, 867
741
2,410
3, 984
10, 541
2,154
5, 649
6, 870
'739
r 2, 478
- 3, 986
r 10, 633
- 2, 161
T
5, 656
6, 884
r
743
P747
- 2, 496 P 2, 537
- 3, 948 p 3, 990
- 10, 594 p 10, 640
- 2, 161 pi, 172
- 5, 674 p 5, 675
- 6, 878 p 6, 892
Total labor force, including Armed Forces
Civilian labor force, total ... _
Emploved
Agricultural employment
._ _
Nonagrieultural employment
Unemployed
-
-
Not in labor force
Employees in nonagricultural establishments: 9
Total, unadjusted (U. S. Dept. of Labor)
Manufacturing
Durable-goods industries
Nondurable-goods industries
_
Mining, total
do
Metal
do
Anthracite
do _ _
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands. .
Nonmetallic mining and quarrving..
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
Wholesale trade
Retail trade
General-merchandise stores __
Food and liquor stores _
Automotive and accessories dealers
Finance, insurance, and real estate
Service and miscellaneous
Hotels and lodging places-.
Laundries _ __
_ . ___
Cleaning and dyeing plants
Government
_
_ _
Total, adjusted 9
Manufacturing _
Durable-goods industries
Nondurable-goods industries-
__ ..
Mining
Contract construction
Transportation and public utilities.
Wholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous
Government
.. _ _ _
.._ _
"•48,212 -48,641 p 48, 889
16,201 - 16,260 P 16,321
r
9, 323 -9,421 T 9, 495
r
6, 878
- 6, 839 P 6, 826
-739
r
95
38
-208
-739
-95
v 740
p96
-206
P205
294
102
- 105
' 2, 255 - 2, 39(
r 3, 966 - 3, 941
1, 15f
120
700
41
554
2,813
7, 595
-r 1,305
1,471
- 755
-2,150
- 5, 571
465
325
154
6, 922
r
P 104
P 2, 537
P 3, 987
- 10, 543 p 10,519
2,803 P 2, 806
- 7, 740 p 7,713
- 1, 363 p 1,331
- 1, 479 p 1, 483
-762
p 761
- 2, 161 p 2, 172
- 5, 674 P 5, 732
- 6, 927
p 6, 881
Production workers in manufacturing industries: 9
12, 548
12, 394
12, 437
12, 179
12,418
12, 612
12, 577
12. 657
Total (U. S. Dept. of Labor)
thousands..
12, 645
12, 523
12, 649 ' 12, 778 - 12, 828 p 12, 879
7, 266
7,163
7,130
6,876
6,890
7,081
6, 965
Durable-coods industries
_
do
7,198
7,218
7,182
7,282 -7,375 - 7, 467 p 7, 537
122
112
107
104
101
100
102
Ordnance and accessories
do
98
97
96
94
94
-91
p90
Lumber and wood products (except furniture)
627
654
674
583
592
692
thousands. .
685
661
631
639
-634
-649
P677
345
355
366
Sawmills and planing mills
do
318
325
371
374
369
360
350
353
353
285
279
277
290
275
298
Furniture and fixtures
do
301
301
297
293
296
298 """"-297
p 295
428
427
427
424
434
Stone, clav, and glass products. _ _ . .
do
438
437
438
437
430
434
442
-450
P 459
78
78
78
74
76
76
76
Glass and glassware, pressed or blown,- -do
76
75
74
75
r
990
974
982
969
967
Primary metal industries
do
969
965
988
1,002
1,013
1,032
1,057 - 1,080 P 1,099
Blast furnaces, steel works, and rolling mills
491
483
488
485
484
thousands _481
485
487
493
498
508
523
Primary smelting and refining of non ferrous
51
51
52
52
metals.-. _
_
thousands
52
50
49
53
53
53
53
53
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
838
832
831
809
820
thousands ..
821
829
844
843
834
844
-860
-871
p876
Heating apparatus (except electrical) and
93
93
plumbers' supplies
thousands. .
96
94
100
102
103
103
100
97
100
102
1,192
1,170
1,111
1,154
Machinery (except electrical)
do
1,095
1, 093
1, 097
1,092
1,106
1,109
1, 125
- 1, 144
- 1, 165 p 1,171
776
796
Electrical machinery
....
do
761
751
766
800
785
811
809
800
803
-803
-806
P812
1, 384
1. 346
Transportation equipment
do
1,328
1, 279
1,238
1,183
1, 249
1,334
1,375
1,400
1,426
- 1, 447
- 1, 466 p 1, 466
630
Automobiles-.
. .
do
655
624
590
562
504
580
665
702
730
750
772
558
548
Aircraft and parts
do
543
537
531
528
522
524
525
523
523
520
118
117
Ship and boat building arid repairs
do
111
113
103
103
104
101
104
104
106
109
43
47i
41
Railroad equipment _ . _
__ _
do. ._
33
36
36
35
36
37
38
41
40
228
224
Instruments and related products
do
219
214
214
218
218
218
218
217
216
219
-218
P216
376
370 i
Miscellaneous mfg. industries
do
371
358
373
386
3931
390
373
360
371
377
- 376
P 376
r
Revised. p Preliminary.
(BMinor changes have been made for May 1950-October 1951. Revisions for November 1951-December 1953 will be shown later.
9 -Data for employment and hours and earnings have been re vised effective with the May 1955 SURVEY to adjust to the first quarter 1954 benchmark Revisions back to 1953 for all series
back to 1939 for all employees (total), finance, etc., and Government divisions, and back to 1945 or the service, etc., division will be available within the next few weeks upon request to the
Division of Manpower and Employment Statistics, Bureau of Labor Statistics, U. S. Department of Labor. Beginning September 1954, the estimates of the number of employees by industry
division and the number and index of production workers in manufacturing industries (p. S-12) adjusted for seasonal variation are compiled by the U. S. Department of Laboi, Bureau of Labor
Statistics. 1 he BLS is currently using the seasonal factors formerly used by the Board of Governors, Federal Reserve System.
SURVEY OF CURRENT BUSINESS
S-12
June 1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
April
May
June
July
1955
August Septem- October
ber
Novem- December
ber
January
February
Maxell
April
May
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfg. industries 9 — Continued
Total (U. S. Dept. of Labor)— Continued
Nondurable-Roods industries
thousands
Food and kindred products, _ _
-do . ..
Meat products
do
T)airy products
do
Canning and preserving
do
Bakery products
do
Beverages
do
Tobacco manufactures
- - - do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting" mills
do
Apparel and other finished textile products
thousands .
Men's and boys' suits and coats
do
Men's and boys' furnishings and work clothing
thousands
^Vomen's outerwear
do
Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries
thousands-.
Newspapers
do
Commercial printing
do Chemicals and allied products
do
Industrial organic chemicals
. do
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
Production workers in manufacturing industries, adjusted: 9
Total
- - - thousands
Durable-goods industries
do
Nondurable-goods industries
do _
Production workers in manufacturing industries: 9
Indexes of employment:
Unadjusted
1947-49=100
Adjusted
do-- Miscellaneous employment data:
Federal civilian employees (executive branch) :d"
United States, continental . - - thousands
Washington D C metropolitan area
do.
Railway employees (class I steam railways) :
Toral
thousands .
Indexestt
Unadjusted
1947-49 =100__
Adjusted
do
5,282
1,016
241
79
140
174
117
82
972
445
192
5,231
1,037;
239
83
149|
172!
122!
82
96H
440
192
5, 307
1,086
247
87
172
174
127
82
973
445
197
5, 303
1,152
246
87
235
176
133
83
946
430
192
5, 528
1,238
251
85
320
174
127
102
974
440
202
5, 612
1,268
257
80
347
173
122
110
978
440
204
5, 531
1,180
262
76
244
175
119
112
979
440
204
5,459
1,111
264
75
179
175
118
103
983
440
204
5, 427
1,062
264
72
151
173
114
100
983
443
200
5 341
1,007
256
72
135
168
107
91
977
444
192
5, 367
985
250
73
125
169
105
89
985
446
196
-5,403
-991
248
74
130
167
109
'83
'985
466
198
- 5, 361
' 1,011
p 5, 342
p 1,030
'79
'982
p79>
P966-
1,033
107
988
102
990
105
984
103
1, 054
112
1, 059
111
1, 057
106
1,060
101
1, 073
108
1,069
108
1,101
110
1,110
110
' 1, 058
p 1, 044
271
314
435
220
265
287
435
221
267
284
439
223
252
296
433
220
273
317
439
222
278
312
445
224
281
305
444
222
282
315
444
222
277
332
442
223
276
335
437
221
285
343
437
222
290
343
-439
222
'440
P442
513
145
168
537
202
176
137
192
80
325
218
511
146
167
529
201
179
138
194
81
316
211
514
147
168
521
201
181
140
196
82
324
217
508
144
167
517
201
181
141
171
65
328
218
509
144
167
520
201
179
139
175
66
338
224
518
146
170
529
201
177
137
196
83
331
217
520
147
170
534
202
175
135
202
84
330
213
518
147
169
533
205
173
134
202
81
332
216
519
148
172
534
206
172
133
207
85
335
222
512
146
170
534
207
169
132
209
85
336
225
512
145
170
535
209
170
132
209
87
345
228
'516
146
171
548
212
' 172
132
'212
87
'347
228
517
P516
' 553
P 547
' 173
p 174
'211
P214
'338
P 331
12, 663
7, 250
5,413
12, 590
7,182
5,408
12, 546
7, 136
5,410
12, 337
6,979
5,358
12, 297
6 928
5, 369
12, 346
6. 957
5. 389
12, 445
7, 054
5,391
12, 572
7, 159
5,413
12, 580
7,177
5, 403
12,586
7,191
5, 395
12,673
7,269
5,404
101.4
102.4
100.2
101.8
100.5
101. 4
98 5
99.7
100.4
99.4
101.7
99.8
102.0
100. 6
102.3
101.6
102.2
101.7
101.2
101.8
102.3
102.5
' 103. 3
' 103. 5
r 103 7
2,141.4
206.7
2,134.0
205.7
2,137.6
207.7
2,135.4
207 4
2, 130. 9
206.4
2,115.9
204.7
2.121.3
205. 5
2,138.7 ' 2, 431. 1 2, 1 13. 2
1
206.1
206. 0
209. 8
2,116.4
207.0
2, 122. 1
207.5
2 127 4
207 3
' 12, 798 ' 12 948p 13.078
' 7, 350
' 7 455 p 7 557
r
5, 448
' 5 493 P 5 521
P 104 1
' 104 7 P 105 7
1,081
1,091
1,104
1, 107
1,099
1,092
1, 083
1,064
1,059
1,037
1, 033
1,035
v i 037
-81.6
-82.7
'82.4
r
81.2
'83.3
-81.5
"•83.6
r
81 8
-83.0
-81.5
-82.5
-82.3
-81.8
-83.5
-80.4
-82.2
-79.8
-81.5
-78.2
-77.5
'78.0
-78.1
TO 78.1
J>78 1
p 78 2
p 79 3
134.5
134.6
135.8
131.9
134.8
138.0
139.1
142.2
143.1
141.5
144.4
'146.9
' 146. 5
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U. S. Dept. of Labor) 9
1947-49=100..
p 149. 7
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) : 9
39.7
39.0
39.3
39.9
39.7
40.2
39.5
40.4
40.2
All manufacturing industries
hours
40.5
39 4
40 7
p 40 7
40 2
40.1
39.7
39.9
40.4
40.1
40.9
40.0
40.8
Durablo-p-oods industries
do
41. 1
41.1
39.7
41 4
*>41 7
41 1
40.1
39.7
40.1
40.5
40.0
40.1
40.7
40.0
40.5
Ordnance and accessories _
do __
40.7
40 4
40. 1
P 40 7
40 5
Lumber and wood products (except furniture)
41.5
40.2
40.9
40.6
39.9
41.5
41.1
40.7
40.8
40.8
hours-.
40.8
41.1
P 41.4
'40.4
42.2
41.2
40.6
41.9
Sawmills and planing mills
do
40.5
41.7
40.7
41.5
40 9
41.2
41 7
41 7
40.6
39.1
39.6
41.2
40.9
Furniture and
fixtures
. do
38.8
40.8
41.4
40.5
41.3
39.4
p 41 1
41 3
40 3
40.7
40.2
40.4
Store, clav, and glass products
do...
40.5
41.2
41.2 40.6
40.7
41. 1
40.6
40 3
41 2
' 41 1 P 41 5
39.1
38.3
39.0
38.8
39.7
39.2 I
Glass and glassware, pressed or blown. -do
39.3
39. 5
39.6
39.3
38.4
39.6
38.4
38.0
Primary metal industries
do
38.4
38.8
38.5
38.9
39.5 '
40.4
40.6
40 0
38 3
41 1
' 41 1 P 41 6
Blast furnaces, steel works, and rolling mills
37.1
37.3
hours..
37.6
38.0
37.4
37.7
39.7
38.8 !
39.1
39.8
37.5
40.4
Primary smelting and refining of nonferrous
40.3
metals
hours
39.8
40.3
39 4
40.0
40 0
40 3
40.6
39 8
40 5
40 4
40 4
Fabricated metal prod, (except ordnance, ma40.1
40.5
chinery, transportation equipment) .-hours ._
40.7
40.7
40.9
41.2
40.7
41.6
41.1
41.2
40.0
41.4
P41.7
41.2
Heating apparatus (except electrical) and
38.4
40.4
39.4
40.1
plumbers' supplies
_
hours. .
39.1
40.0
40.7
40.1
40.2
39.3
39.8
40 2
40.5
40.5
40.2
40.6
Machinery (except electrical)
do
40.2
40.3
40.4
40. 1
40.9
40.8
41.0
41 4
41 5
P 42 0
39.2
39.8
Electrical machinery _
do
39.5
39.6
39.3
40. 1
40.4
40.3
40.7
40 5
40 4
r 40 5
40 6
p 40 9
40.2
39.9
40.2
40". 6
Transportation equipment
-do
40.4
40.0
42 5
39.8
41.8
42. 1
42.4
42 6
' 41 8 P 42 7
40.4
Automobiles
do
40.9
39.3
40.0
39.2
39 8
40 6
42 9
44 0
43 0
43 8
44 2
40.5
Aircraft and parts ... _ . ... .
do _
40.8
40.8
40.7
40.8
40. 7
40.7
41.2
41 4
41.5
41. 1
41 1
38.8
39.1
39.1
Ship and boat building and repairs
do
39.0
37.9
38.4
38.7
38.2
39.2
39.4
39.5
39 6
38.5
38.5
38.6
38.4
Railroad equipment. ...
_
do
38.2
38.2
39.9
36.8
40. 4
40.1
39.4
39 6
39.8
Instruments and related products
do
39.6
39.6
39.5
39.5
39.9
40.1
40.3
40.2
40.5
40.5
40.5
'40.3
p40. 5
39.2
39.6
Miscellaneous mfg. industries
do
39.4
39.9
39.0
40.5
40.0
40.5
40.6
40.2
40.5
40.8
p 40. 6
'40.2
Revised.
p Preliminary.
* Includes temporary Post Office employees hired during Christmas season; there were about 304,300 such employees in all areas.
9 fine corresponding note on p. S-ll.
f Revised to reflect use of new base period. Comparable indexes for January-March 1954: Unadjusted—85.9; 84.0; 82.1; adjusted—85 1; 84 1; 82 8.
cf Effective January 1953, employees of the
General Accounting
••hn n^^oi
A««
««„ r\fR™ and
™/i '^-•vemment Printing Office were transferred to the legislative branch; employment in these agencies at
the end of January 1953 was as follows: Continental United States—GAO, 6,200; GPO, 7,700; Wash., D. C.—GAO, 4,600; GPO, 7,400. Also, the data beginning January 1953 exclude 1 300
employees of Howard University and Gallaudet College who are not now classified as Federal employees. In addition to the aforementioned exclusions, the January 1953 figure for Continental U. S. reflects a downward revision of approximately 16,000 employees based on more accurate reports from the Post Office Department. Data beginning January 1954 include
additional employees now classified as Federal employees although they are paid from funds appropriated to the District of Columbia.
SURVEY OF CURRENT BUSINESS
June 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-13
1955
1954
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
All manufacturing industries, etc.— Continued
Nondurable-goods industries 9
hours. _
Food and kindred products
do___
M^eat products
do
T)airy 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
hours..
Men's and boys' suits and coats
do--~
Men's and boys' furnishings and work clothing
hours_
Women's outerwear
do
Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries
hours.
Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
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: 9
Mining:
Metal
do
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
N on building construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines t
do
Telephone
__
_
do
Telegraph
do
C as and electric utilities
do
Wholesale and retail trade:
Wholesale trade
- do
Retail trade (except eating and drinking places)
hours _ _
G eneral-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
38.1
40.2
39.5
43.3
36.3
40.9
40.5
36.3
37.1
37.2
35.4
38.5
40.8
40.4
43.4
38.1
41.0
40.3
37.3
37. 3
37.1
36.1
38.9
41.4
41.0
44.6
38.6
41.4
41.1
38.3
37.8
37. 6
36.9
39.0
41.5
41.7
44.6
39.4
41.1
41.5
37.9
37.8
37.8
36.6
39.2
41.2
40.9
43.2
40.6 !
40.8
40.6
38.5
38.5
38.4
37.6
39.3
41.5
41.2
43.6
40.8
41.0
40.6
39. 4
38.6
38.7
37.5
39.2
40.9
41.5
43.5
38.5
40.7
40.4
40.1
39.2
39.5
38.3
39.5
41.2
42.8
42.4
36.7
40.6
39.9
36.9
39.8
40.3
38.5
39.8
41.4
42.8
42.8
38.2
40.9
39.5
38.4
40.2
40.6
38.3
39.3
40.8
41.7
43.3
37.7
40.4
39.4
37.7
39.6
39.9
37.4
39.5
40.5
40.0
43.3
38.2
40.5
39.7
37.0
40.0
40.1
38.2
39. 7
40. 6
40.5
43.4
38.4
40.5
40.3
37.7
39.9
40.0
38.2
34.3
32.9
34.9
32.9
35.0
34.0
35.2
35.5
36.2
35.0
35.9
35.4
35.7
32.9
36.1
33.8
36.3
36.0
36.0
35. 5
36.7
36.6
34.6
33.8
41.6
42.8
34.8
34.8
42.1
43.2
35.4
33. 7
42.4
43.6
35.5
34.1
42.4
43.8
36.9
35.2
42.6
43.6
36.7
34. 1
42.6
43. 6
36.8
33.6
42.7
4-3.7
36. 5
34.9
42.8
43.8
36 2
35.7
42.7
43.8
36.0
35. 6
42.3
43. 7
38.1
35.9
39.3
41.1
40.3
40.3
40.2
38.8
37.9
35.6
34.9
38.2
36.1
39.1
40.9
40.5
41.2
41.0
39.7
39.4
35.4
34.5
38. 3
36. 1
39.0
41.2
41.0
41.4
41.0
40.2
40.2
36. 7
35.9
38.3
35.8
39.5
40.9
40. 5
41. 1
40.8
39.4
38.5
37.5
37.2
38.5
35.6
39.4
40.9
40.5
41.0
40.7
39.1
37.4
37.4
36.9
38.6
36.0
39.4
41.2
40.9
41.2
40.6
39. 3
38.3
36.2
35.1
38.4
36.0
39.4
41.2
40.6
40.6
40.4
40.4
39.3
35.7
34.3
38.5
36.0
39.5
41.3
40.9
40.9
40.8
41.1
40.4
37.0
35.9
39.0
36.8
40.2
41.4
41.0
40.6
40.6
41.8
41.6
37. 8
37.2
39.7
26.2
28.9
39.9
25.4
30.9
40.6
36.3
33.2
40.3
29.2
30.4
40.8
33.0
33.1
40.2
23.6
32.6
40.1
34.1
35.3
40.6
33.7
35.6
40.2
43.4
37.0
39.3
36.4
41.3
44.5
37.5
40.6
36.7
40.1
44.9
38.1
41.8
37.1
40.6
45.2
38.1
42.3
36.9
41.4
45.1
38.0
41.9
37.0
40.8
44.7
36.8
39.9
36.0
40.2
44.9
37.4
40.4
36.6
43.1
38.2
42.1
41.0
43.3
38.5
42.1
41.0
43.7
38.7
41.7
41.2
42.9
39.2
41.7
41.5
43.0
38.9
41.8
41.3
42.7
40.0
41.9
41.7
42.8
39.8
42.1
42.0
39.0
40.3
p 39. 4
P41.0
37.1
38.8
p~37.~7
P 39. 3
37.2
37.1
35. 6
P 36. 3
37. 1
35.9
42.5
43.8
37 3
36.4
42.7
43.9
42.4
P42. 7
38.2
35.2
39.6
41.1
40.7
40.8
40.9
41.3
41.1
37.9
37.5
38.4
35.5
39.8
41.2
40.8
40.2
40.2
41.3
40.7
38.8
38.5
38.8
35.9
40.2
41.4
41.0
40.6
40.2
40.9
40.2
38.6
38 1
38. rt
p 38. 9
41.2
Ml. 1
41.7
35.1
37.1
42.8
31.9
37.1
42.0
36.3
37.8
42.1
32.2
36.8
40.2
44.4
36.7
40.3
35.8
40.3
43.4
36.4
38.4
36.0
41.7
42.4
35.4
36. 8
35.1
39.9
41.6
35.3
37.9
34.7
40.3
44.0
36.6
39.5
36.0
42.5
39.7
41.5
41.4
43.2
39.3
41.4
41.4
42.5
38.9
41.3
40.9
42.9
39.0
41.3
40.9
42.7
38.9
41.5
40.8
40.2
40.4
40.4
40.4
40.4
40.4
40.5,
40.4
40.8
40.4
40.3
40.5
39.1
35.5
38.3
44.5
38.9
34.7
38.0
44.3
39.3
35.3
38.8
44.4
39.8
36.2
39.6
44.4
39.7
36.0
39.3
44.3
39.1
35.2
38.7
44.2
' 38.9
34.9
38.0
44.2
38.7
34.6
38.1
44.2
39.5
37.1
38.4
44.4
38.9
35.3
38.0
44.0
38.9
35.1
37.9
44.2
38.8
35.1
37.7
44.4
41.7
40.4
42.0
41.8
40. 3
40.1
41.9
40.5
41.0
41.7
40.0
38.8
41.8
39.4
38.2
41.9
40.1
39.7
41.7
40.5
40.1
42.0
40.0
39.3
41.8
40.3
39.5
42.1
40.0
39.0
41.8
39.8
38.0
41.7
40.1
39.2
40.8
41.8
36. 6
.-
Ml. 1
P 41. 1
P36.4
Industrial disputes (strikes and lock-outs) :
Beginning in month:
370
358
328
285
384
330
225
315
220
\Vork stoppages
number
153
250
300
325
238
196
164
208 i
113
50
143
Workers involved
thousands
126
71
29
165!
90
210
In effect during month:
580 j
577
559!
501
488
525
325
526
Work stoppages
number
387
293
380
450
500!
376
281
2441
259
300
187
Workers involved
thousands. _
129
80
304
78
125
310
220J
3,800
2,390
1,820
3,740
1, 220|
2,010i
Man-days idle during month
_
do
400
2,410
1,310
486
570
2,
600
1, 600)
.44
.26
.21
.24
.41
Percent of available working time
.05
.13
.15
.27
.05
.07
. 30
. 17
U. S. Employment Service placement activities:
439
470
478
487
4391
Nonagricultural placements
thousands
428
426
397
520
373
393
453
480|
Unemployment compensation, State laws (Bureau of
Employment Security):
1, 335
1,227
1,442
1,272!
1, 157
1, 123
1,100
1,194
Initial claimsf
_
_
thousands
1,450 ' i 1,519 '1,038 «• 1,005
1,009
1, 862
1.924!
1,692
2,070 :
1,466
2, 181 1
Insured unemployment, weekly average*
do
1,580
1,463
1,666
1,962
1, 657
1,880
1.471J P 1,270
Benefit payments:
1, 597
1, 523
1.414
1,894!
1,850
Beneficiaries, weekly average
do
1,299
1,223
1,365 ' i l , 670 ' 1, 694 r 1, 600
1,3431
A mount of payments
thous. of doL _ 200, 837 i 185, 601 : 19(X959i 167,980! 162, 653 153. 737 135, 299 132, 089 153, 050 1 170, 882 T 165, 469 r 178,762 135, 779 j
Veterans' unemployment allowances:.?
34
38 i
30!
29
36
28
34
44
Initial claims
thousands
41
28i
35
33
25 i
82 i
85
82
Insured unemployment, weekly average
do
75l
65
92
79
68
95
88
97 {
97i
94
100
Beneficiaries, weekly average
do
92 1
75
101!
87
105
73
111
86
107
9,894
10, 238
Amount of payments
thous. of dol__
9, 755;
9,444
10, 153 1
8,975;
7,377
7, 520
9, 381
10, 198
10, 224
3, 423
ll,337t
Labor turnover in manufacturing establishments:
i
2.9
3.3
3.5
2.4
2 7
3.4
Accession rate
monthly rate per 100 employees. _
3.6
3.3
2.5
3.3
3.6
3.2
p 3. ^
r
3.1
3.5
3
Separation rate, total _ _ _ _ _ _ _ _ _ _
d o __
3.9
3.3
3.' 3i
2.9
3.8l
3.0
3.0
2.5
3.0
"3.2!
'J
.2
r 2
2
. 2'
.21
.2
Discharge
do
.2
.2
.2
p. 3'
1.6
L7
,1
1. 7|
Lay-off
__ -__
_ - _ _ _ _ - . do
L7|
L9
1.7
1.6
1.6
1.1
1.5
v L3
P 1. 3J
1.1
1.1
Quit
do
1.2
i.o!
1.8)
.9
1.0
L
1.0
1.0
P 1. 41
p 1.3
.2!
P 2
.2!
.2'
f 2
Military and miscellaneous
do
.3
.2
.3
2
y. 2 :
T
Revised.
v Preliminary. ] Beginning 1955 includes data relative to UCFE (January 1955 initial claims, 29,000; beneficiaries, 2,700; benefits paid, $307,000).
:. Revised to include only privately operated lines; data shown in the March 1954 SURVEY and earlier issues cover both privately operated and government-operated lines.
t Re vised series. Beginning with the February 1954 SURVEY, data have been revised to exclude transitional claims and, therefore, more closely represent instance's of new unemployment.
*New series. Compiled by the U. S. Department of Labor, Bureau of Employment Security. Data for insured unemployment for continental U. S. (excluding Alaska) have been substituted for the series on number of continued claims filed. The insured unemployment series is derived by adjusting the number of weeks of unemployment for the lag between the week of
unemployment and the time the claim is filed, so that the adjusted series refers to the week in which unemployment actually occurred. The monthly figures are averages of weekly data adjusted for split weeks in the month on the basis of a 5-day week. Weekly averages for 1952 appear in the February 1954 SURVEY.
9 See corresponding' note on p. S-ll.
d"Beginning with the February 1954 SURVEY, data for veterans' unemployment allowances cover only unemployment compensation benefits under the Veterans Readjustment Assistance
Act of 1952. The figures for initial claims exclude transitional claims; the insured unemployment figures exclude claims from veterans which wore filed to supplement benefits under State or
railroad unemployment-insurance programs to eliminate duplicate counts in the State data shown above; the number of beneficiaries and the amount of payments include all veterans whether
or not the payments supplement benefits under either State or railroad insurance programs.
.i
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 1955
1955
1954
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
EMPLOYMENT AND POPULATION—Continued
WAGES
Average weekly gross earnings (U. S. Department of
Labor):?
All manufacturing industries
_
_ _ dollars__
Durable goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars _ _
Sawmills and planing mills
do
Furniture and fixtures _ _
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonfcrrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, and trans, equip.)
dollars-Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical) _ _ _ _ _ _ d o
Electrical machinery _
do.
70.20
75. 43
78.21
71 13
76.21
78 80
71.50
76.40
79 40
70.92
75. 83
79 80
71.06
76. 59
80.20
71.86
77.39
80.60
72.22
77.97
81.41
73.57
79.15
81.81
74.12
80.15
82 21
73.97
80. 16
81.20
74.74
80.56
82.22
75.30
81.56
82.01
74.77 P 76. 11
80.97 p 82. 98
' 82. 22 P 82 62
65. 53
65 77
61.00
70. 35
68.94
77.90
66. 63
67 23
60 53
71.10
69 81
79.49
68.30
68.80
62.17
70.88
69. 45
80.70
62. 83
64 64
61.86
71.33
69. 50
80.81
65.57
67.10
63.74
72.04
70.77
80.64
67. 40
70.06
64.46
72. 85
71. 53
82.39
69. 72
70.81
65.10
73.34
72.25
82.86
68. 64
68.89
64.62
74. 57
72.91
84.53
66.91
66 67
65.83
73.98
73 08
85.60
66. 34
66. 75
63.99
73.49
72.31
87.26
66.50
67.57
65.67
73.49
72.47
87.29
66.58
67.97
65.67
74.57
73.26
88.78
'66.66
79.39
81.22
83.22
84.00
82.43
84.90
84.45
87.30
87 98
90.12
89.95
91.71
P 68. 31
64.48 p 65. 35
' 74. 80 p 76. 36
' 89. 19
P90.69
78.01
78.40
79.39
79.60
79.79
79.59
80.40
80.60
81 00
81. 61
81.20
81.20
75.39
76.92
76.92
75.60
76. 95
77.74
78.53
79.52
80.70
80.15
80.34
80.73
80.34
p 81. 73
70.66
80.60
70.56
73.28
81.61
71.50
74.59
81.00
72.07
72.34
80.60
71.53
75. 14
80.80
72.04
75.20
81.81
72.98
76.92
81.61
74.34
75.79
82.01
74.89
76 78
83.44
74.52
75.06
82.82
74.56
76.02
83.64
74.74
76.78
84.87
75.11
85.49
'75.33
p 86. 94
p 76. 48
- do .
do
do
do
do
do ._
do
84.82
87.26
83 43
80.70
80.08
72.07
62.72
85. 67
88.34
83 84
80.94
80.85
72.07
63.43
84.59
85. 28
84.86
80. 55
81.45
72. 83
63.36
84.38
85. 06
84.66
80. 11
80.60
72.68
62.40
85.63
88.00
85.27
81.12
81.79
72.29
63.44
86.40
89.15
85.68
78.83
78.02
73.82
64.40
87.26
90.54
85.47
81.02
82.13
74.19
65.21
91.12
96.53
87.34
80.22
86.98
74.56
65.21
93.08
99 44
87 77
83 10
88.88
75.33
66.18
92.62
96.75
88.81
82.74
87.82
75.17
65.93
93. 28
98.99
87.95
82.95
85.89
76.14
66.42
94.15
100. 33
87.95
83.16
85.54
75.74
66.91
'91.96
p 94. 79
do
do
do
do
-do _ .
do
do-
62.87
67.54
72.68
68. 85
53.00
67.08
78.57
63.91
68. 54
74.74
69.01
54. 86
67. 65
78.18
64.57
69.14
75.85
71.36
53. 27
68.31
80.56
64.74
69.31
77.98
71.81
54.77
68.64
82.17
64.68
67. 57
76.07
69.55
56.03
68.14
78.76
65.24
68.48
77.87
71.07
56. 30
68.88
79.17
65.07
68.30
78.02
70.47
53. 13
68.38
78.78
65.97
70.04
83.03
68.26
51.75
68.21
79.00
66. 47
70.79
81 75
69.34
55.39
69 12
78.21
66.02
70.18
79.65
70.58
54.67
68.28
77.62
66. 36
70.07
76.00
71.45
56.15
68.85
78.61
66.70
70.24
77.36
71.61
56.06
68.45
80.20
' 65. 91 p 66 98
' 70. 12 P 71.34
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
49.01
50. 46
48.73
46.73
49.98
51.10
48 97
47.65
51.71
51.41
49.63
48.34
51. 54
51.41
49. 52
47.58
49.67
52.36
50.69
48.88
48.86
52.50
51.08
49.13
49.72
53.70
52.14
50.17
47.60
54.53
53.20
50.82
49 92
55.07
53 59
50 56
50. 14
54.25
52.67
49.37
49.58
55.20
53.33
50.81
51 65
54.66
52 80
50.42
T 51 57
53 16
p 52 78
P 54 23
45.62
52.64
46.07
52.97
46. 55
55.08
47.17
56.80
48.87
57.05
48.82
57.35
47.84
53.63
48.37
55.09
49.01
58.32
48.60
57.87
49.55
59.66
49.85
60.47
'46.64
P 47. 92
39.10
49.01
71.97
77.47
39.67
49.76
72.83
78.19
40.00
48.53
74.20
79.79
39.76
50.81
74.62
81.47
41.70
53.15
74.98
81.10
41.84
52.17
75.40
81.97
41.58
50.40
76.01
82.16
41.61
51.65
76.18
81.91
40.91
53. 55
76.01
82.34
40.68
53.40
75. 72
82.16
41.92
54.21
76.08
82.34
42.15
53.87
76 43
82.97
76 74
p 76 86
88. 39
94.68
85.89
79. 52
85. 07
87.94
94.32
86.29
78.69
83.64
88.55
94.32
86.90
79.71
84.66
90.09
97.52
88.84
79.90
84.46
88.24
91.52
87.52
79. 73
84.25
89.47
93.01
87.96
80.34
84.86
90.79
95 14
89 65
80 32
85.69
'90.32
p 91. 42
T 81 58
p 81 79
93.66
97.10
83.02
94.54
51.43
47.39
92.57
96.22
84.85
98.18
52.16
49.10
93.02
96.93
83.84
97.41
52.68
49.88
91. 25
94.87
84.25
96.46
53. 93
51.59
92 97
96 08
83 44
95 27
54.04
51 05
95 47
p 95 7f
' 86 11
p 84 26
Transportation equipment...
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneousmfg industries
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Cannine and preserving
Bakery products
Beverages
_._
Products of petroleum and coal. _ _. . do
Petroleum refining
do
Rubber products
_ _
_ _
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal __
do
Anthracite
___ do._
Bituminous coal
do
Crude-petroleum and natural -gas production:
Petroleum
and
natural-gas production
dollars
Nonmetallic mining and quarrying
do
Contract constr notion __
do
Non building construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus linesj
do
Telephone
_
do
Telegraph
do
Gas and electric utilities.
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places).
_
----dollars.
General-merchandise stores
do
Food and liquor stores...
do
Automotive and accessories dealersdo _
Finance, insurance, and real estate:
Banks and trust companies—
do___
Service and miscellaneous:
Hotels year-round
do
Laundries
__ __
do___
Cleaning and dyeing plants
do
r
Revised.
p Preliminary.
9 See corresponding note on p. S-ll.
JRevised series. See note marked "t" at bottom of p.
86.11
92.26
84. 50
77.27
82.62
86.71
93.86
84.46
77. 71
82.62
87. 32
93.50
85. 02
79. 10
84. 05
86. 94
92.01
85. 72
79. 35
84.24
87.40
91.85
85. 10
78.94
83.43
91.08
94.87
74.88
84. 14
49.48
46.42
93. 52
97.17
77.81
88.65
49.21
45.89
93. 98
97.17
79.60
92.06
51.01
47.75
94.53
97. 51
76. 44
87.01
51.38
48.73
93.07
96.05
75.85
85. 65
51.24
48.71
95.58
97.85
77.42
86.18
49.96
46.68
92.57
95.75
81.20
90. 39
49.62
45. 62
80.99
64.45
71.67
81.40
62.74
76.32
83.64
96.20
83.00
83.42
73.58
75.39
83. 64
82. 50
82.09
83.62
56.88
81.17
83.41
86.27
87.54
84.85
85. 26
88.29
87.57
89.86
92.01
90.31
76.88
92.01
88. 20
94.74
94.50
88 41
80.50
91 26
90.45
75.08
93.24
89.60
93.91
94.58
77.88
94.50
94.19
94.69
90.63
78.58
95.63
96. 56
95.72
92.57
80.46
96.01
97.71
95.20
93.98
79.83
96.52
97.21
96.20
93.02
79. 57
93.84
92.97
94.32
90.85
79.92
95.74
94.13
96.26
90.85
78.59
94.32
94.30
94.15
90.68
76.38
94.28
89.47
95.40
95.49
75.05
91.69
85.01
93.02
89.38
74.05
91.43
88.31
91.96
92.29
77.88
94.06
90.85
94.68
77.58
66.09
75.78
80.77
77.94
67.38
75.78
81.59
79.10
67.34
77.15
82.40
78.51
68.60
77.15
83.83
78.26
67. 69
77.33
83.43
78.14
71.60
77.93
85.49
78.32
72.04
78.31
86.94
77.78
72. 65
76.78
85. 28
79.49
70.74
77.00
84.87
78.63
69.63
76.82
84.25
79.37
70.98
76.82
84.66
79.00
70.02
77.19
84.05
73.16
73.93
73.93
74.34
74.34
74.74
74.93
74.74
75.89
75.14
74.96
76. 14
55.91
40.12
59.75
74.76
56.41
40.25
59.66
75.75
57. 38
41.30
60.92
76.37
58.51
42.35
62.57
76.37
57.96
41. 76
62.09
75.75
57.09
40. 83
61.53
74.70
57.18
40.48
60.80
74.70
56. 50
40.14
61. 34
74.70
56.88
41.92
61.44
76. 37
57. 57
41.65
61.18
75. 68
57.57
41.07
61. 02
76.91
57.42
41.07
60.70
78.59
56.76
57.19
57.09
57.66
57.75
57.71
58.02
58.11
58.51
58.97
59.02
58.63
39.62
40.80
50.40
40.13
40.30
47.32
39.81
40.50
49.20
40.03
40.00
45.78
40.13
39.40
45.46
40.64
40.50
47.24
40.87
40.50
47.72
41.16
40.40
46.77
41.38
40.70
47.01
41. 26
40.40
46.41
40.96
40.20
45. 22
40.45
40.50
46.65
S-13.
' 75. 76 p 76. 14
' 65. 93 p 66 99
' 51. 24 P 50. 96
SURVEY OF CURRENT BUSINESS
June
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-15
1954
April
June
May
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
of Labor): 9
All manufacturing industries
dollars _
Durable-goods industries
_ _ __do
Ordnance and accessories
do
Lumber and wood products (except f urniture) _ _ .
dollars. .
Sawmills and planing mills _
.-do
Furniture and
fixtures
do
Stone clay and glass products
-do
Glass and glassware, pressed or blown -do Primary metal industries
_
do
Blast' furnaces, steel works, and rolling mills
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
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries
Food and kindred products
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
___do
do _ _ .
do
do
___do
do
do . _ _
do
do
do
do
do
do
do. -
1.80
1.90
1.97
1.81
1.91
1.97
1.81
1.91
1.98
1.80
1.91
1.99
1.79
1.91
2.00
1.81
1.93
2.01
1 81
1.93
2 01
1.83
1.94
2 01
1 83
1.95
2 02
1 84
1 96
2 03
1 85
1 96
2 03
1 85
1 97
2 03
1 86
1 97
r 2 03
1.63
1. 62
1.56
1.75
1. 80
2.05
1.67
1.66
1.56
1.76
1.79
2.07
1.67
1.67
1.57
1.75
1.79
2.08
1.54
1.55
1.57
1.77
1.81
2.11
1.58
1.59
1.57
1.77
1.81
2.10
1.66
1.68
1.58
1.79
1.82
2.14
1.68
1.69
1 58
1.78
1.82
2.13
1.67
1.66
1 58
1 81
1.86
2 14
1.64
1.63
1 59
1.80
1.85
2 14
1.63
1 64
1 58
1 81
1 84
2 10
1.63
1 64
1 59
1 81
1 83
2 15
1.62
1 63
1 59
1 81
1 85
2 16
1.65
P 1.65
1 60
1 82
P 1 59
P j g/j.
2 17
P 2 IS
2.14
2.16
2.19
2.24
2.21
2.27
2.24
2.25
2.25
2.27
2.26
2.27
1.96
1.96
1.97
2.00
1.98
2.02
2.01
2 00
2.00
2 01
2 01
9 01
1.88
1.89
1.89
1.89
1.90
1.91
1.92
1.93
1.94
1.95
1.95
1.95
1. 95
pl.96
1.84
1.99
1.80
1.86
2.01
1.81
1.86
2.00
1.82
1.85
2.01
1.82
1.86
2.01
1.81
1.88
2.03
1.82
1.89
2 03
1.84
1.89
2 03
1 84
1.91
2 04
1.84
1.91
2 03
1 85
1.91
2 04
1 85
1.91
2 05
1 85
9
Q^
P 2 07
r 1 g(>
v 1 87
2.11
2.16
2.06
2.08
2.08
1.82
1.60
2.11
2.16
2.06
2.07
2. 1C
1.82
1.61
2.12
2.17
2.08
2.06
2.11
1.83
1.60
2.12
2.17
2.08
2.07
2.11
1.84
1.60
2.13
2.20
2.09
2.08
2.13
1.83
1.59
2.16
2.24
2.10
2.08
2.12
1.85
1.61
2.16
2.23
2. 10
2.11
2.15
1 85
1 61
2.18
2 25
2.12
2.10
2 18
1 85
1 61
2.19
2.26
2.12
2.12
2.20
1 86
1.63
2.20
2 25
2 14
2.10
2 19
1 87
1 64
2.20
2 26
2 14
2.10
2 18
1 88
1 64
2.21
2 27
2 14
2. 10
2 10
'2.20
P2.22
1 88
00
1.65
1.68
1.84
1.66
1.68
1.85
1.66
1.67
1.85
1.66
1.67
1.87
1.65
1.64
1.86
1.44
1. 65
1.94
1.38
1.65
1.96
1.39
1.67
1.98
1.38
1.67
1.94
1.66
1 67
1.88
1. 62
1.38
1.68
1.95
1.67
1 70
1.94
1.61
1 41
1 68
1 98
1.67
1 71
1.91
1. 62
1.45
1.69
1.98
1.68
1.46
1.64
1.94
1.66
1.65
1.89
i fi1}
1.38
1.68
1.95
1.35
1.36
1.31
1.32
1.34
1.37
1.32
1.32
1.35
1. 36
1.32
1.31
1.36
1. 36
1.31
1.30
1.29
1.36
1.32
1.30
1.24
1.36
1.32
1.31
1 24
1 37
1.32
1 31
1 9Q
1 37
1.32
1 32
1 87
1 64
1.68
1 7°.
1.68
1 79
1.91
1.63
1 45
1 69
1 97
1.90
1. 65
1 47
1 70
1 98
1.91
1.65
1 46
1 69
1 99
1 30
1 37
1.32
1.32
i 07
1.32
1.33
1.32
T 1
P 1 87
P 1 99
•p 2 03
f.A
1.69
p 1.70
1 7°.
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-do
Newspapers.
_
... do ._
1.33
1.60
1.32
1.61
1. 33
1.62
1.34
1.60
1.35
1.63
1.36
1.62
1.34
1.63
1.34
1 63
1.35
1.62
1.35
1 63
1.35
1 63
1.34
1 63
1.31
P 1.32
1.13
1.45
1.73
1.81
2.26
2.57
1.14
1.43
1.73
1.81
2.27
2.60
1.13
1.44
1.75
1.83
2.27
2.59
1.12
1.49
1.76
1.86
2.27
2.57
1.14
1.53
1.77
1.88
2.29
2.63
1.94
2.08
1.93
2.08
1.13
1 50
1.79
1 88
2.31
2.60
2.21
1.94
o 07
1.13
1 51
1.79
1 88
2.33
2.62
2.21
1.95
2 08
1.13
1 48
1.79
1 89
2.34
2. 65
2.23
1.94
2 09
P2.35
1.92
2.05
1.13
1.50
1.78
1.88
2.31
2.65
2. 21
1.93
2.06
p 1.80
1.90
2.04
1.14
1 48
1.78
1 87
2.30
2.62
2.20
1.93
2 07
1.81
1.88
2.05
1.13
1.50
1.78
1.88
2.29
2.62
2. 19
1.91
2.06
2.34
Chemicals and allied products
Industrial organic chemicals
1.13
1.51
1.76
1.86
2.27
2 58
21 fi
1.93
2.06
'1.98
p i . 99
2.2C
2.36
1.95
2.22
2.27
2.37
1.98
2.29
1. 39
1.33
2.30
2.39
1.94
2.26
1.37
1.31
2.27
2.36
1.94
2.29
1.37
1.32
2.32
2.41
1.97
2.25
1.38
1.33
2 28
2 37
2 01
2.30
1.39
1.33
2. 27
2. 29
r
p2. 33
2.34
1.39
1 32
2 28
2.37
2 03
2.3f
1.38
1.32
2. 28
1. 39
1.33
2.27
2.37
1.96
2.25
1. 39
1.33
2. 03
2.37
1.39
i *33
2. 04
2 37
1.39
2. 04
2 37
1.40
2.04
2.46
2.48
2. 04
2.47
2.47
2.06
2. 65
2.50
2.07
2.52
2.48
2.05
2.50
2.48
2.08
2.41
2.49
2.08
2.53
2.48
2 09
2 53
2 48
2 10
2. 56
2 48
2 11
2 41
2 48
2 10
2 61
2 50
2 10
2 50
2 4g
2.25
1.73
2.52
2.28
2.58
2.29
1.75
2.52
2.32
2.58
2.26
1.75
2.51
2.31
2.58
2.28
1.78
2.52
2.31
2.58
2.27
1.77
2.54
2.32
2.60
2.28
1.78
2 55
2.33
2.62
2.26
1.78
2. 56
2.33
2.63
2.26
1 77
2 57
2.34
2 63
2.25
1 76
2.59
2.33
2.65
2.29
1 77
2 59
2.31
2 65
2.24
1 78
2 59
2.33
2 65
2.29
1 77
2 57
2.30
2 63
1.80
1 73
1.80
1.97
1.80
1 75
1.80
1.99
1.81
1 74
1.85
2.00
1.83
1 75
1.85
2.02
1.82
1 74
1.85
2.02
1.83
1 79
1.86
2.05
1.83
1.83
1. 83
1 85
2 06
1.84
1.86
2.07
1.86
2.05
1.85
1.79
1 86
2 06
1.85
1.82
1 86
2 o7
1.85
1.80
1 86
2 06
1.82
1.83
1.83
1.84
1.84
1.85
1.85
1.85
1.8C
1.86
1.86
1.88
1.43
1 13
1.56
1.68
1.45
1 16
1.57
1.71
1.46
1 17
1.57
1.72
1.47
1 17
1.58
1.72
1.46
1 16
1.58
1.71
1.46
1 16
1.59
1.69
1.47
1 16
1.60
1.69
1.46
1.48
1.48
1.61
1.69
1.44
1 13
1.60
1.72
1.61
1.72
1.61
1.74
1.48
1. 17
1.61
1.77
.95
1.01
1.20
.96
1.00
1.18
.95
l.OC
1.20
.9(
1.00
1.18
.96
1.00
1.19
.97
1.01
1.19
.98
1.00
1.19
98
1 01
1 19
.99
1.01
1.19
98
i 01
1 19
98
i ni
1 19
1 19
1.947
3.100
1.964
3.112
1.979
3.133
1 997
3 147
2 009
3.148
0
016
3 169
2 019
3 180
2 022
3 184
2 022
3 186
2 092
3 188
2 019
3 188
2 021
3 190
.84
1.913
1.46
1.939
1.916
87
1. 932
1.51
1.919
1. 937
1 944
1.58
1 942
1 928
88
1 949
1 64
1 977
1 925
do
do
Products of petroieum 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 prod
dollars. .
Nonmetallic mining and quarrying^
do _ _ .
Contract construction
_"
do
Nonbuilding construction
do
Building construction
do „
Transportation and public utilities:
Local railways and bus lines t
-do _.
Telegraph
_
.... do _
Gas and electric utilities
.
do _
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places)
dollars..
General-merchandise stores
do
Food arid liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round _ _
._ do _ _
Laundries
__ _ do
Cleaning and dyeing plants. .._
.- do ___
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr
Skilled labor
do
Farm wage rates, without board or room (quarterly)
dol. per hr
Railway wages (average, class I)- ... __
do
Road-building wages, common labor
_ do ...
r
Revised.
p Preliminary,
skilled labor, $3.227.
9 1 (\
9 See corresponding note on p. S-ll.
1 01
2 38
} Revised series. See note marked "J" at bottom of p. S-13.
1 *}9
-I
00
1 °.9
2. 34
2. 06
•p 2. 05
1.40
P 1.40
2 025
3 190
2 050
3 207
r
Q7
85
1.74
§ Rates as of June 1,1955: Common labor, $2.059;
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June
1954
April
May
June
July
August
1955
Septem- October November
ber
'Tr
January
February
March
April
May
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. ofdol
Commercial paper 0
do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
mil. of dol
Farm mortgage loans total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives
do
Other loans and discounts
-- - .-do
Bank debits, total (345 centers) t
New York Citv
6 other centers cT
do_-_
do
do
Federal Reserve banks, condition, end of month:
Assets, total
_ _ - mil. ofdoL.
Re^erve 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
. - percentFederal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:J
Deposits:
Demand adjusted
mil ofdol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol_ _
States and political subdivisions
__do
United States Government
do
Time, except interbank, total
do
Individuals, partnerships, and corporations
mil. of doLStates and political subdivisions.. ._
_ do
Interbank (demand and time)
do
Invsstments, 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 (adjusted), total©
do _
Commercial, industrial, and agricultural
do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. ofdol..
Real-estate loans
do
Other loans
do
Money and interest rates: §
Bank rates on business loans:
New York City
7 other northern and eastern cities
do
do... .
623
694
589
747
563
794
609
803
768
769
873
733
319
822
325
814
2,381
1,275
1,261
14
339
767
369
703
377
658
2, 305
1,293
1.281
13
364
648
163, 501 i 154,848
64,965! 61, 155
33, 785! 31, 556
151,504
58,316
31, 526
149, 898
56, 744
30, 922
152,322
58, 792
30, 706
156,843
58, 787
32, 230
49, 746
25, 183
184
24, 325
21, 220
49,174
24, 696
200
24, 023
21,117
49, 778
25, 183
132
24, 271
21, 129
50, 035
25, 401
297
24, 381
21,079
50, 759
20, 808
19,011
599
25, 588
45.8
49, 746
20, 454
18, 702
939
25, 567
46.1
49, 174
19, 805
18,316
744
25, 566
46.5
49, 778
20, 264
18, 676
952
25, 601
46.4
53, 930
53,319
54, 949
54, 066
54, 488
4,308
2,671
19, 124
54, 597
4,418
2,982
19,359
54, 715
4,329
4,085
19, 637
55, 360
4, 033
2,091
19, 808
17,854
1,078
12,794
40, 177
18,041
1,129
13,040
41,300
18, 304
1,146
13, 870
41,945
32,160
2,987
3,045
21, 598
4, 530
8,017
38, 441
22,183
1,744
33, 196
2,428
2.684
21, 502
6,582
8,104
38, 324
21, 599
2,141
849
6,553
7,753
915
6,592
7,721
616
641
589;
679
335
734
312
772
2,368
1,257
1,242
15
304
808
1,54, 759
60, 479
33,152
149, 812
59, 535
31,159
50, 089
25, 382
172
24, 632
21, 283
50, 494
25, 781
245
24, 812
21, 293
50, 759 :
25. 642
37
25, 037
21, 239
50, 089
20, 898
19, 528
684
25, 472
45.9
50, 494
21,143
19, 563
672
25, 544
45.6
54, 108
831
703
807
681
767
623
368
662
355
696
2,434
1 347
1,336
12
339
747
325
792
186, 317
73,817
38, 217
163, 388
62, 642
33, 531
149, 738
57, 091
31, 595
178, 917
67, 242
39, 908
158, 289
57, 634
34, 494
50, 863
25, 944
398
24, 888
21, 030
50, 872
25, 885
143
24, 932
21,033
49, 626
24, 960
475
23, 885
21,038
49, 442
24, 769
485
23, 605
21,032
49, 434
24,667
391
23, 613
21, 027
49, 913
24,988
560
23, 612
20, 985
49. 30fl
24, 780
460
23. 662
20. 988
50, 035
20, 373
18, 722
471
25. 706
45.7
50, 863
20, 457
18, 985
518
26, 081
45.2
50, 872
20, 371
18, 876
258
26, 253
45.1
49, 626
20, 138
18,918
581
25, 640
46.0
49, 442
19, 879
18, 562
471
25, 609
46.2
49, 434
19, 806
18, 283
412
25, 528
46.4
49, 913
20, 158
18, 495
'334
25, 496
46.0
49. 306
19 685
18.221
p 184
55, 043
55, 472
56, 414
58, 445
57, 639
56, 270
55, 590
56, 969
,56.011
54, 746
3, 939
3, 247
19, 887
55, 884
3, 756
2,605
19,915
57, 256
3, 865
3,793
20, 122
57, 876
3,956
4,223
19, 941
60,117
3,939
2, 597
20, 169
58,317
4.232
2, 320
20, 198
57, 762
3, 960
2,633
20, 280
56, 474
4,062
2, 534
20, 329
57, 921
4, 216
3,105
20, 319
,57. 624
4.361
3, 148
20, 363
18, 337
1,285
13, 406
42, 492
18,433
1, 257
13, 772
44, 237
18,520
1, 195
13, 791
44, 194
18, 699
1,220
14, 301
46, 088
18, 555
1,183
14,113
45, 669
18,806
1,154
14,273
45. 526
18, 864
1,126
13,651
44, 783
18, 930
1, 145
13, 402
43. 590
18, 990
1, 132
13 085
41, 932
18, 969
1,142
12, 988
42, 960
19.037
1.113
12,974
41 . 724
33, 724
2,619
2,777
21,654
6, 674
8, 221
38, 950
21, 884
2,379
34, 221
3,045
2,754
21, 742
6,680
8,271
38, 254
21, 524
2, 005
35, 862
3, 135
2, 559
23, 515
6, 653
8, 375
37, 967
20, 798
2,228
3.5, 696
2, 868
2, 504
23, 654
6,670
8,498
38, 495
21,015
2,403
37, 358
2,500
2, 369
23, 801
8,688
8,730
38, 844
21. 104
2,466
37, 106
2, 378
2,240
23, 936
8,552
8, 563
40, 114
22, 214
2,367
32, 885
1,286
1,117
21, 806
8,676
9 047
r
41,448
r
22, 597
2,483
33, 983
1,750
1,911
21, 682
8,640
8,977
41,818
22, 545
2, 660
33. 026
1.081
1.171
21.490
9. 284
8 698
42. 440
22, 636
2.742
899
6,671
7,772
875
6,718
7,787
904
6, 831
7,866
941
6,902
7,893
991
6,997
7,949
1,037
7,083
8,075
36, 902
35, 799
34, 599
2, 543
2,065
1, 816
2, 768
2,551
1,633
23, 391
23, 102
22, 076
8,200
8,081
9,074
8, 624
8,984
8 991
41, 008 ' 40, 483 r 40, 751
22, 486 ' 21, 926 r 22, 241
2,688
2, 582
2,374
1,113
1,056
1,080
7,176
7,279
7,359
8,205 ' 8, 346 T 8 408
1,113
7 474 !
8 488 |
1,108
7, 570
8, 652
1.15,5
7.719
S, 910
3 54
3.29
3. 55
3 87
1.50
1.79 1
4 17 '
1.75
1.83
4.17
1.38
1 69
3.00
1.43
2.00
3.00
1 335!
2.30
1.620
2.39 i
15 770 i
P 2, 074 !
15, 764
v 2, 051
3.60
3.34
3. 61
3.98
1.50
2.08
4.17
3 56
3.29
3.57
3 95
1.50
2.00
4.17
687
762
3. 55
3.30
3 . 55
3.90
1.50
1.90
4.17
869
713
r
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.60
Discount rate (N. Y. F. R Bank)
do
2.50
2.08
2.04
1.96
1.79
2.00
2.00
1.79
Federal intermediate credit bank loans... . do ...
4.17
4.17
4.17
4.17
4.17
4.17
4.17
4.17
Federal land bank loans
do
Open market rates, New York City:
1.25
1.25
1 ?5
1.25
1.25
1.25
1.25
1.25
1.33
1.25
1.38
Acceptances, prime, bankers' 90 days
do
1.76
1.31
1.58
1.56
1.45
1. 33
1.31
1.31
1.47
1.31
1.68
Commercial paper, prime 4-6 months
do
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
Call loans, renewal (N. Y. S. E.)
do
2.88
2.88
2.88
2.88
2.88
2.88
2.88
2.88
2.88
2.88
2.88
Time loans, 90 days (N. Y. S. E )
do
Yield on U. S. Govt. securities:
1.174
1. Oil
.782
.892
.650
.948
.710
1.257
1.007
.987
1.177
3-month bills
do
1.94
1.71
1.78
1.79
1.74
1.69
2.11
1.90
1.80
1.85
2.18 i
3-5 year taxable issues
do
Savings deposits, balance to credit of depositors:
15,475
14, 694
14, 768
14, 914
14, 993
14, 943
15, 112
15, 252
15,558
15, 150
15 604 i
New York State savings banks
mil ofdol
2,291
2,272
2,137 ' 2, 115j P 2, 095
2,251
2,209
2, 1 54
2,230
2,172
2,189
U. S. postal savings
do
CONSUMER CREDIT (Short- and Intermediateterm)
28, 095
28, 372
28, 666
30, 12,5
29, 518 i
28, 725
28, 736
29, 209
29, 760
28, 856
28, 975
Total outstanding, end of month 9
mil. ofdol..
21, 426
21, 487
21,717
22, 508
22, 467
21, 849
21, 901
22, 014
21, 935
22, 436
Installment credit, total 9
do
21, 952
9,942
10,641
10,
002
10,
168
10,
396
10,
298
10,
349
10,
365
10,
296
10,
459
10, 340
Automobile paper__ .
_
do _.
5, 413
5, 484 i
5, 370
5, 367
5, 668
5, 328
.5, 294
5,398
5, 609
5, 287
5, 324
Other consumer-goods paper
_do
1,617
1,634
1,635
1,
616
1, 550
1,642
1,642
1,
637
1,574
1,
631
1 , 637
Repair and modernization loans
_
do
4, 454
4, 4S1
4, ,547
4, 833
4,787
4, 586
4,794 !
4, 616
4, 689
4 641
4 651
Personal loans
do
By type of holder:
18. 245
18, 325
18, 538
18, 935
19,153 1
18, 731
18, 671
18, 753
18, 977
18, 726 ; 18, 719
'Financial institutions, total
do
8, 722
8, 729
8, 783
8, 763
8,731
8, 633
8, 688 :
8, 688
8, 586
8, 651 !
8,637 :
Commercial banks
do ._
5, 901
5, 944
6, 060
6,294
6,315
6,421
6, 189
6, 570
6, 256
6, 325
6,462
Sales-finance companies
do
1,157
1,
175
1,207
1,293
1, 298
1,
250
1,228
1,267
1, 282
1,282
1, 270
Credit unions. ._
do
2, 477
2, 465
2,488
2, 494
2, 588
2, 597
2,491
2 504
2 504
2 526
Other
do
2 582
3,162
3,
181
3,179
3,
532
3,
355 I
3, 178
3,170
3,182
3, 295
3, 226 S
3,459
Retail outlets, total _
_ _
do
1, 032
1,032
1, 032
1,027
1 037
1,041
1,063 1 1,098
1, 108
1,201
1, 158
Department stores
do .._
823
821
820
818
821
822
830 !
890
848 i
862
846
Furniture stores
do
368
379
394
386
389
390
404
371
390 !
397
390
Automobile dealers..
do
942
943
9,58
943
995
Other
do
928
929
943 1
961
1,047
1,042
f
Revised.
v Preliminary.
©Revised to cover 11 dealers.
TRevisod series. Bank debits have been revised to include additional centers and to represent debits to demand deposits; data for 1943-53 appear on p. 23 of the
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
t Revised beginning 1952 to expand coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
0Net loans less loans to banks.
§ For bond yields see p. S-20.
9 Revisions for 1952 appear on p. 24 of the June 1954 SURVEY. Data beginning 1953 have recently been revised to incorporate
unpublished revisions (for January-September 1953) will be shown later.
Digitized formation;
FRASER
T
2,5 ft5fi
46.3
!
i
29, 948 !
22, 974
11,053 :
5, 479 1
1, 53(
4,912
30, 65.5
23, 513
19,613
8, 844 \
6, 808 i
1,330
2 631 :
3, 361
1.123
838
42C
9SC
20, 127
9, 020
7, 077
1,360
2 670
3[ 386
1,138
11,482
5, 492
1, 534
.5 005
834
437
977
September 1954 SURVEY.
more comprehensive infor-
SURVEY OF CURRENT BUSINESS
June 11 ).">.">
S-17
1955
rnloss ntherwira stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
i April
May
June
August
July
Septem- October Novem- December
ber
ber
January
February
March
April
May
FINANCE—Continued
CONSUMER CREDIT (Short- and Intermediateterm) — Continued
Total outstanding, end of month — Continued
Xon installment credit, total Q _
mil. of dol
Single-payment loans
do
Charge accounts
do
Service credit
do
By type of holder:
Financial institutions
do
Retail outlets
do
Service credit
_ do_
Installment credit extended and repaid: J
X'nad justed:
Fxtended total
do
Automobile paper
do .
Other consumer-goods paper
do
All other
-do
Repaid total
do
\utomobile paper
do
Other consumer -goods paper
do. .
All other
-do
Adjusted:
Fxtended total
do
\utomobilepaper
_
do
Other consumer-goods paper
do
All other
_
- ... do _ _ _
Repaid total
do
\utomobile paper
- do .
Other consumer-goods paper
do
All other
-do
6,669
2,181
2,723
1, 765
6, 885
2,313
2,786
1,786
6,949
2,334
2,819
1, 796
6,876
2, 303
2, 773
1,800
6, 835
2, 312
2,734
1,789
6,921
2,335
2,807
1,779
7, 023
2,377
2,892
1,754
7, 195
2,407
3,042
1,746
7, 658
2,420
3, 518
1,720
7,324
2,371
3,225
1,728
7,010
2,427
2,831
1, 752
6,974
2,481
2, 735
1,758
7,142
2, 496
2, 859
1,787
2,181
2, 723
1, 765
2,313
2,786
1,786
2,334
2,819
1,796
2, 303
2,773
1,800
2,312
2, 734
1,789
2, 335
2,807
1,779
2,377
2,892
1,754
2,407
3,042
1, 746
2,420
3, 518
1,720
2,371
3,225
1,728
2,427
2,831
1.752
2,481
2, 735
1,758
2,496
2,859
1,787
2, 400
1,038
615
747
2, 355
1, 015
645
695
2,397
1,047
607
743
2, 336
987
650
699
2,703
1,244
659
800
2, 473
1,078
662
733
2,549
1,163
622
764
2,417
1, 033
661
723
2,477
1,114
607
756
2, 425
1,063
641
721
2,441
1,062
629
750
2,407
1, 046
636
725
2,454
1, 031
687
736
2,437
1, 056
650
731
2,554
1,040
716
798
2,492
1,084
642
766
3,046
1,184
936
926
2,593
1,084
666
843
2,389
1,060
616
713
2,420
997
675
748
2,416
1,167
529
720
2,344
985
654
705
3,159
1, 569
708
882
2, 693
1,157
713
823
3,089
1,512
703
874
2, 550
1,083
690
777
2,358
964
644
750
2, 358
1, 025
629
704
2,321
984
604
733
2, 392
1,010
658
724
2, 495
1,114
649
732
2,413
1, 056
658
699
2, 455
1, 060
666
729
2,364
1, 006
667
691
2,409
1,035
613
761
2,480
1, 067
678
735
2,474
1,077
609
788
2,404
1,014
634
756
2,461
1,068
633
76(i
2,424
1.039
652
733
2,612
1,109
677
826
2, 500
1,098
631
771
2,762
1,298
679
785
2,488
1 , 083
643
762
2,823
1, 233
788
802
2,496
1,020
684
792
2,898
1,382
660
856
2,521
1,071
680
770
3, 035
1,472
741
822
2,562
1,096
683
783
3,017
1,404
736
877
2, 552
1, 093
672
787
3,956
2,751
52
2,865
860
179
5,037
3,592
44
3,946
877
170
11,347
10, 644
49
10, 123
834
340
3,148
2,827
45
2,059
790
254
4,801
3,911
48
3,806
829
119
5, 280
4,951
48
4,277
8S8
117
2,887
2,639
47
1,850
850
140
4, 905
4,201
52
3,791
839
224
4,217
3, 742
47
3, 204
801
165
4, 833
4, 655
48
3, 638
716
430
5,954
5,427
47
4, 857
774
276
11,089
9,741
60
9,906
995
127
4,941
3, 732
51
3, 976
795
119
5,296
350
383
3,691
872
5,203
249
352
3, 374
1,229
7,308
1, 763
376
4, 663
506
4,827
213
336
3,061
1,217
6,731
332
334
3, 370
2,695
5,019
541
321
3. 261
897
4,857
346
349
3,300
863
3,842
368
373
3,316
-215
6,288
1,200
401
3,739
947
4,942
222
379
3,176
1,166
4, 831
396
365
3,048
1,022
5,894
478
386
P 3, 520
p 1,511
5. 228
355
383
v 3, 334
P 1,155
271, 047
268, 855
227, 806
41,049
2,192
273, 475
271, 280
229, 913
41,367
2, 195
271, 260
268, 910
226, 681
42, 229
2,350
270, 984
268, 681
226, 528
42, 152
2,303
274. 955
272, 693
230, 214
42, 479
2,262
274, 810
272, 440
230, 033
42, 407
2,370
278, 752
276, 400
234,161
42, 238
2,352
278, 853
276,511
234, 160
42, 351
2,342
278, 750
275. 731
233,165
42, 566
3,019
278, 439
275, 696
233, 427
42, 268
2,743
278, 182
275, 565
233, 517
42, 047
2,617
274, 048
271, 200
229, 103
42, 097
2,847
276, 649
273, 924
232, 233
41, 691
2, 725
24
27
33
37
43
58, 456
742
772
58, 605
602
543
58, 701
614
605
58, 639
535
682
58, 646
488
581
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures: §
Receipts, total
mil. of dol
Receipts net
__ do _ _
Customs
_ - _do __
Income and emyriovment taxes
do
Miscellaneous internal revenue _ _ _
do
\11 other receipts
do
Fxpenditures total
Interest on public debt
Veterans' services and benefits
National security
\11 other expenditures
- - do
do
-do
_ do
do
Public debt and guaranteed obligations:
Gross debt (direct) end of month total
do
Interest bearing total
do
Public issues
_do__ _
Special issues
do
"\"on interest bearing
do
Obligations guaranteed by tf. S. Government, end
of month
mil. of dol
X*. S. Savings bonds:
\niount outstanding, end of month
do
Sales, series F through K
_
do
Redemptions
do
Government corporations and credit agencies:
\ssets except interagencv, total
mil. of dol
loans receivable total (less reserves)
do
To aid agriculture
do
To aid homeowners
do
Foreign loans
do
A.11 other
do
Commodities, supplies, arid materials
do
X' S Government securities
do
Other securities and investments
do
Land structures and equipment
do
A l l other assets
- do_ .
Liabilities, except intcragency, total
Bonds, notes, and debentures __
Other liabilities
Privately owned interest
X'. S Government interest
___do
_ _ _ _do_
do
do
do
80
80
81
21
27
29
34
34
34
58, 106
511
538
58, 159
464
510
58, 189
523
628
58, 129
508
693
58, 200
546
562
58, 207
464
544
58, 242
456
507
58, 299
466
510
58, 358
557
633
!
. . _ _ _ ,
. _ .._
1
'•
'
'
_
- - _ _ _ _ _
!
•
L
_ _
39, 602
18, 489
6, 389
2,814
7, 965
1,576
3,369
2,911
3 439
8.077
3,317
40, 443
18 603
6, 527
2 818
7, 968
1 567
3, 709
2 988
3, 433
8 061
3. 649
41 403
19,348
6, 929
2 Q07
8 001
1.739
3 852
2, 967
3,432
8, 046
3, 758
5,085
1,052
4 033
486
34. 030
3. 458
1.100
2 358
498
36 488
5, 285
1, 101
4,183
508
35 610
":::::::
|
LIFE INSURANCE
I n s t i t u t e of Life Insurance: a1
Assets, total, ail XT. S. life insurance companies
mil. of doL _
Bonds (book value), domestic arid foreign, total
mil. of dol_.
V. S. Government
. - __.
do
S tate, county, municipal (U. S.) .
do
Public utility (U. S.)
.
do
Railroad (u! S . ) _ . . J
do..-Industrial and miscellaneous (XT. S.) ._. _ . ..do
80,095!
80,522
80,952
81,473
81,921
82, 364
82,852!
83,358
84, 068
84,912
85, 324
85, 627
86, 061
45,183!
9,635
1,481;
12.701!
3,624:
15,076;
45, 323 i
9,539!
1,598!
12,709
3.627
15,171
45,444
9,343
1,641
12,819
3,671
15,290
45, 591
9,189
1,737
12, 868
3, 669
15, 448
45, 691
9,171
1,754
45,811
9, 086
1 , 777
13,019
3,641
15, 661
45,9921
9,024!
1,806!
13,076
3, 696
15,813<
46,032
8,936
1,871
13,047
3, 697
15,894
46, 184
9, 021
1,833
13, 065
3,682
16, 002
46, 653
9,233
1, 940
13, 140
3.705
16, 063
46, 690
9,242
1,977
13, 154
3, 719
16, 092
46, 764
9,091
1.964
13, 191
3,716
16. 293
46, 900
9, 105
1,965
13, 205
3,724
16, 395
2, 773
1, 707
1, 059
26, 727
24, 629
2, 367
3, 159
1.029
2, 791
1,711
1,073
26, 949
24, 824
2,381
3,177
1,027
9 s:^fi
12,904
3, 649
15,552
Stocks (book value), domestic and foreign, total
mil. of dol .
2.457
2,500j
2,533
2, 574
2, 600
2,611
2, 60 1 1
2,641
2, 710
2,756
2, 763
Preferred (U. S.)
do
1,592
1,621!
1,633
1.660
1, 670
1, 668
1,667,
1,673
1, 693
1, 715
1,714
Common ^X T . S )
do
861'
875 '
896
910
926
939
929;
963
1,012
1.036
1,044
24,004; 24, 174 \ 24,384
Mortgage loans, total
do
24, 572
24, 795
25, 035
25,260* 25,574
25, 928
26, 223
26, 474
Xonfarm
.
_ _.
do
22, 059 j 22,212' 22,403
22, 575
22, 786
23,019
23,235' 23,540
23, 882
24, 171
24, 405
Real estate
do
2,085!
2,101
2,128
2, 147
2, 176
2, 205
2.241J
2. 200
2, 275
2,310
2,344
Policy loans and premium notes
do
2,966!
2,983
3.002
3, 019
3, 049
3, 036
3. 061
3, 075
3,087
3,127
3,144
Cash
do
1,051,
1.082 1,071
1,098
1,076
1.094!
1,141
1, 200
1, 140
1, 111
2. 595
Other assets
do
9 HflX!
9 fi25
9 70 'A
9 577
9 70S
2.349.
2.359'
2.390
2. 450
9 fiSU
T
Revised.
P Preliminary.
9 See note " 9 " on page 8-16.
1 For a description of these new data and for figures prior to January 1953, see the January and March 1954 issues of the FEDERAL RESERVE BULLETIN.
§ Data are on a budgetary basis.
c 7 "Effective w i t h the April 1955 S U R V E Y , data in detail for all companies replace those formerly shown for the 49-company series.
277.472
274, 804
232, 563
42, 240
2,668
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 19.~5
1955
1954
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
Value estimated totalt
mil. of dol _
Group and wholesale
- do
Industrial J
do
Ordinary, totalt
_
- do
New England
do
Middle Atlantic
--do _ _ _
East North Central
_ _
do __
West North Central
- do__
South Atlantic
__ - - do_ _
East South Central
- do West South Central
do___
Mountain
do
Pacific
do.
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
thous. of dol
Death benefits
. _ ... _ _ do_ .
M^atured endowments
do
Disability payments
_ _ _ _ _ _ _ do
Annuity payments
- do
Surrender values
_- do
Policy dividends
do
Life Insurance Association of America :J
Premium income (39 cos.), total
do
Accident and health
_ - -do
Annuities
_
do. _
Group
- do. __
Industrial
do
Ordinary
_
_ _ --- -~
__do
3,182
467
572
2,143
137
515
452
177
249
90
201
75
247
3,285
602
607
2,076
141
480
440
173
251
84
184
72
251
3, 137
431
555
2, 151
137
495
452
184
257
87
200
75
264
3. 153
641
520
1,992
123
440
424
177
238
84
185
76
245
2,943
391
547
2, 005
125
432
428
177
242
86
188
76
251
2, 957
487
535
1, 935
112
409
418
174
233
85
188
76
240
3,071
400
598
2, 073
126
449
443
175
257
87
187
83
265
10, 270
7,489
563
2,218
146
505
483
181
275
96
191
78
263
4,084
1, 154
491
2,439
150
536
522
215
286
103
233
98
297
3.056
376
503
2,177
156
519
462
178
235
87
212
81
248
3,314
616
529
2,169
149
514
466
177
245
91
200
82
247
3,777
457
573
2,747
186
633
579
223
308
114
272
106
325
5, 596
2.596!
525 i
2 475
160
571
518
198
293
107
237 :
95
295
408, 691
171, 064
45, 376
9 573
36, 458
72.312
73, 908
377,515
158,955
41,416
8,804
34, 379
67, 400
66, 561
427,419
183, 689
45, 644
8,861
37, 859
71,445
79, 921
386, 791
158, 681
40, 535
9,041
39, 763
66, 530
72, 241
380, 859
168, 048
39, 247
8,648
34, 907
69. 738
60, 271
394, 119
168 679
39,154
8, 662
35, 608
67, 885
74, 131
371, 915
151,957
44, 863
8,809
35, 818
66, 690
63, 778
399, 965
169,921
49, 254
8,947
38, 626
72, 863
60, 354
525, 998
207, 594
54, 241
9,795
40, 551
71, 445
142, 372
473. 850
179, 591
58, 328
10, 588
47, 722
74, 776
102, 845
424, 607
176, 943
51,320
8,869
38, 307
73, 883
75, 285
498, 058
201, 474
58, 805
9, 216
39, 210
86, 702
102, 651
420, 978 !
182 525
45,512'
9. 064
33 921
73, 970
75, 986
617,503
90, 562
78, 299
56, 866
67, 571
324, 205
625, 989
86, 381
77, 683
49, 621
74, 642
337, 662
696, 270 647. 607
88, 1 65 90, 063
81, 196 '9fi, 514
63, 721
64, 886
83, 043
64, 772
380, 145 331, 372
628, 936
87, 548
72, 355
55, 141
78, 386
335, 506
659, 684
86. 727
79, R38
58, 039
76, 298
358, 982
620, 866
85, 987
71, 771
52, 530
66, 241
344, 337
693, 603
90, 642
83, 558
75, 584
80, 033
363, 786
907, 544
102, 185
175, 582
70, 301
128, 007
431, 469
21, 969
37.5
1,088
3,517
66, 000
41, 900
12, 500
4, 900
21,973
-48.4
774
2,004
68, 900
43, 200
13,400
5,000
21, 927
-16.9
541
3,831
70, 000
43, 300
13, 200
6,100
21, 908
-72. 7
852
2,400
71,100
44, 300
13,300
6, 100
21.809
-65.4
1,274
2,978
71,400
45. 200
J2.900
5,800
21,810
-34.6
1,065
2.128
70, 200
44, 900
13, 100
5,100
21,759
—34.6
781
2,377
71, 300
45, 400
13, 300
5. 600
21, 710
-36.7
1,203
2,712
72, 000
45, 500
13, 500
5,600
21,713
1.8
2, 363
3, 024
21,714
-9.7
788
3,016
21, 716
-.8
689
3,905
21,719
-27.7
674
3, 388
45, 500
13, 500
5,800
45, 800
12, 800
5,000
12,300
4,800
13, 000
5, 400
5, 000
190
4,843
.853
134
5,124
.853
167
5, 956
.853
227
7,146
.853
460
9, 351
. 853
262
7,727
.853
196
8, 366
.853
1,144
9,036
.853
233
5, 795
.853
640
4,321
.853
290
6,351
.853
1,695
5,840
.873
138
5,223
.871
2,700
2,328
3,643
2, 510
3,494
3,229
2,704
4,672
3,609
2, 735
2,283
1,997
2,787
2, 853
2,779
2, 759
3, 236
2,840
2,427
5,453
3,117
2,793
1,982
3, 366
2,347
3,029
3,169
' 2, 161
4,908
3,416
'1,938
6, 726
2,753
3,560
29, 735
206, 200
3,100
5,800
29, 870
207, 600
3,100
6,400
29, 922
209, 354
3,256
7,581
29, 892
209, 100
3,400
5,200
29, 929
210, 500
3,400
6, 900
29, 985
211, 800
3,300
6,000
197, 300
98, 600
72, 000
26, 700
198, 000
98, 700
72, 500
26, 800
198,517
98, 132
73, 292
27, 093
200, 400
100, 000
73, 700
26,800
200,300
99, 400
74, 000
26, 900
202, 500
101, 200
74, 400
26, 900
41.3
27.6
18.8
41.9
25.5
18.8
44.2
26.8
19.7
41.6
24.9
18.8
40.0
24.8
18.5
40.4
25.3
19.4
i 2,174,366
i 286, 266
i 298, 036
i1 23?, 210
251,671
1 1,106,183
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock U S
mil. of dol
Net release from earmark!
do
Exports
thous. of dol__
Imports
do
Production, reported monthly total
..do.
Africa
_
do _._
Canada
_
- -do
United States
.
do
Silver:
Exports
_ ._
- do .__
Imports
_
_- do
Price at New York
__dol. perfineo z _ _
Production:
Canada!
thous. of fine oz_
Mexico
_ _ _ . _ do__ _
United States
do _
Money supply:
Currency in circulation
__ mil. of dol
Deposits and currency total
do
Foreign banks deposits, net
do
U. S Government balances
do.
Deposits (adjusted) and currency, total
do
Demand deposits, adjusted
do
Time deposits
__
do
Currency outside banks _
__ do_
Turnover of demand deposits except interbank and
U. S. Government, annual rate:f
New York City. _
ratio of debits to deposits. _
6 other centers 9
- do_
338 other reporting centers _ _ _ _do
30, 500
30, 074
215, 400 * 217, 200
3,200
3, 200
8,200
7,500
T
r
*209, 200
"107. 000
P75. 400
"26, 800
48.1
28.]
21.0
42.0
25.4
19.6
42.2
26.3
20.7
2, 3f,7
3,068
30, 509
29, 789
29,817 r 29, 800
29,769
218,
882 p217, 500 P 216.000 v 214,500 p 216, 900
r
3,
329
p
3,
100
p3,
200
p
3,
200
p3,
100
r
5, 869
pb, 000 p 6, 000
p 6, 100
p 6, 400
204, 700 205, 800 r 209, 684
103, 100 * 104, 000 r 106, 550
74, 300 r 75, 282
r 74, 800
27, 500
27, 852
26, 900
39.3
23.6
18.6
21,671 P 21, 674
-41.8
182
2 658
P 30. 008
p 206, 900 p 205, 300 p 207, 400
p 104,500 p 102, 400 p 104 500
P 75, 700 p 76, 200 p 76, 300
P 26, 800 p 26, 700 p 26, 700
41.9
26.4
19.6
41.7
30. 2
'20.0
37.3
P27.2
p 19.6
r
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):*
Net profit after taxes, all industries
mil. of dol _
Food and kindred products
do
Textile-mill products
- do_ _
Lumber and wood products (except furniture)
mil. of doL
Paper and allied products.
do
Chemicals and allied products
do
Petroleum refining
_ _ _
do- _
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
_ do- _Fabricated metal products (except ordnance,
machinery, and transport, equip.).. .mil. of doLMachinery (except electrical)
do-__
Electrical machinery-.
do
Transportation equipment (except motor vehicles,
etc.)
___
__ _mil. of doL.
Motor vehicles and parts
_ do. _ _
All other manufacturing industries
do
2,922
234
16
2, 658
252
29
3 057
223
37
42
122
303
520
135
121
185
43
116
287
505
147
106
146
57
127
327
662
116
134
23(
116
253
162
113
196
146
81
175
203
110
340
265
97
191
286
105
275
30 f
1
1,298
Dividends paid (cash) , all industries
do
1,338
2, 002
Electric utilities, net profit after taxes (Fed. Res.)
mil. of dol. .
'266
264
288
,
j
Railways and telephone cos. (see pp. S-23 and S-24) .
r
1
Revised.
* Preliminary.
Quarterly total.
{Revisions to be shown later are as follows: Insurance written—total and ordinary, annual totals for 1947-50 and monthly data for 1951-February 1953' industrial insurance monthly
y
data for 1953-February 1954; premium income for 1951 and 1952; silver production for 1953.
'
§ Or increase in earmarked gold (—).
1 SedeS reflecting change in number f
be shownf*
'
o reporting banks and centers. Data for 1943-53 for New York City appear on p. 23 of the September 1954 SURVEY; those for other centers will
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
•4-vT rH?^ series. Compiled jointly by the Federal Trade and Securities and Exchange Commissions. Data are estimated totals based on reports from all manufacturing corporations registered
with SEC, all nonregistered manufacturing corporations with total assets of $5,000,000 and over at the end of 1949, and a sample of nonregistered manufacturing corporations with total assets of
less than $5,000,000 at the end of 1949. Comparable data for 1951-53 appear on p. 27 of the December 1954 issue of the SURVEY.
corporation wnu toiai assets 01
SURVEY OF CURRENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
April
Supplement to the Survey
S-19
1954
May
June
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
FINANCE—Continued
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital a n d refunding)
_ _ _ _ _ mil. ofdol _
New capital, total
do
Domestic, total __ _ __
do _
Corporate
__
__ _ _ d o
Federal agencies.,
___ _ _ do __
Municipal, State, etc
do ___
Foreign
_ . __
__
do
Refunding, total __
do
Domestic, total _ _ _ _ _ _ _ _ _ _ _ _ _ _ d o _ _
Corporate __
_ _
do _
Federal agencies
do___
Municipal, State, etc.
do _ _ _
Securities and Exchange Commission:t
Estimated gross proceeds, total
_ _ _ ___ do
By type of security:
Bonds and notes total
do
Corporate
__ _ _
do
Common stock _
_ do _
Preferred stock
_ _
do
By type of issuer:
Corporate, total
do
Manufacturing
do
Mining
do
Public utility.
do
Railroad
_
do
Communication.. _ _
_ do . _
Real estate and
financial
do
Noncorporate, total _ _ __
do _ _
IT. S. Government
do
State and municipal..
.
do
New corporate security issues:
Estimated net proceeds, total
_
do
Proposed uses of proceeds:
New monev, total _ _
do
Plant and equipment
_ do __
Working capital. _
do
Retirement of securities
__do
Other purposes
_
do
Proposed uses by major groups:
Manufacturing, total
______
do
New money
do
Retirement of securities
do
Mining, total
do ._
New money
- _
do
Retirement of securities
_ _ do.. _ _
Public utility, total
do
New money
do __
Retirement of securities
do
Railroad, total
do .
New money
___
do
Retirement of securities
do
Communication, total. __
do
New money
do _ _
Retirement of securities
do
Real estate and financial, total
_ do
New money
_
do
Retirement of securities
do
State and municipal issues (Bond Buyer):
Long-term
thous. of dol__
Short-term
do
1,537
1,346
1,329
485
114
730
17
191
191
112
76
3
1,838
1,342
1,334
536
47
751
8
495
482
179
268
34
1,921
1,754
1,715
859
31
826
39
167
167
96
45
26
1,632
1,053
1,046
731
32
282
7
579
579
396
181
2
783
605
546
267
0
279
59
178
178
76
85
17
1,706
1,311
1,311
611
64
636
0
395
395
285
96
14
1,825
1,424
1,405
795
13
597
18
401
401
179
216
7
1,051
687
667
223
0
444
20
364
364
267
91
6
2, 043
1,569
1 522
654
0
868
47
475
450
368
63
19
"•1,958
r
' 2, 422 ' 2, 167
'1,279
' 2, 125
' 6, 544 '1,350
' 2, 552
2,706
1,431
' 2, 583
1,621
r
r 2 173
'792
118
131
'1,999
'1,085
'92
' 76
' 1,207
'352
' 27
* 109
* 4 185
'649
73
' 129
' 2, 003
'886
62
'60
' 6, 227 ' 1, 250
'321
'813
'64
'265
52
37
' 2, 387
'854
' 103
'62
2,518
484
135
53
1,294
364
113
25
' 2, 033
871
512
37
1,418
451
149
54
' 639
'86
41
314
31
26
'63
1,319
511
735
'851
'209
-35
'509
1
41
27
3,537
2,669
783
' 1,041
r301
76
'437
7
' 10
' 1, 253
'530
72
'325
43
2
'202
' 915
508
280
'424
'118
' 14
161
13
27
'14
'855
546
300
'422
'110
'60
'62
51
75
'28
929
466
459
' 1, 01?
'189
'75
463
62
44
'110
1,534
557
90f
672
190
20
242
64
7
98
2,034
742
541
501
86
13
111
1
45
149
930
602
328
1,420
644
49
226
25
27
386
'1,163
614
'540
654
187
23
191
93
18
117
967
535
415
'627
'837
'1,025
'1,237
'417
'994
'1,112
'413
'1,004
660
492
1,396
637
'483
'406
'596
'447
'148
' 181
'60
'789
' 598
'190
'183
'53
'828
'643
' 185
'329
'81
'304
'195
'109
'82
'31
' 705
'591
' 114
'247
'42
'856
'478
'379
109
'146
'244
'145
'99
'123
'46
' 515
'367
'147
'400
'89
465
325
140
114
81
362
177
185
56
74
1,190
759
431
135
71
422
232
191
167
48
'205
-185
'6
34
' 11
'0
-502
'329
173
1
1
0
40
40
0
'27
'19
1
'295
r238
'23
74
'62
0
'431
r
372
'58
7
7
0
9
8
'1
' 156
'56
'98
'525
'502
'5
71
'13
' 22
'321
' 177
'132
43
18
25
2
2
0
' 199
'61
128
'116
'94
' 10
' 13
12
0
' 158
102
55
13
10
0
27
' 25
'1
' 14
'11
'149
' 82
'40
41
39
2
()
'247
161
' 74
129
6
123
'329
326
'3
'47
'40
'278
'267
'5
32
21
9
'272
193
'60
45
20
25
98
98
0
'271
'212
'108
'89
'3
'57
40
'0
'61
'45
'15
51
(2)
50
r 74
'20
54
'27
187
'87
'64
' 71
52
186
105
23
19
17
84
53
16
12
10
1
108
100
8
1
1
0
44
26
18
148
126
2
632
515
85
47
45
182
137
29
21
19
1 738
'419
111
r 77
'130
r 14
'84
'73
rg
'38
25
12
309
237
'72
31
19
12
26
25
0
r63
-30
25
4, 388
r
157
1,381
523
855
' 1, 008 '1,130
' 151
'281
43
36
'251
275
130
45
'332
'100
'47
'277
1,117
5, 414
464
4,611
652
615
459
' 151
'305
61
43
18
44
'41
(2)
239
193
41
63
27
36
7
2
97
91
mil. of bu
do
224
196
27
25
25
0
27
20
6
381
333
13
(2)
187
151
36
91
4
87
18
12
6
115
89
5
r 4
'1
'108
' 72
'8
735, 074
249, 648
782, 572
244, 326
854, 718
176, 741
280, 426
339, 707
300, 344
257, 554
651, 598
351,010
615, 479
260, 413
458, 795
133, 922
906, 056
327, 572
541,449
191,319
327, 527
262, 627
539, 767
209, 769
•
414, 532
199, 691
183
413
116
344
117
369
254
496
200
363
147
311
129
236
239
237
211
312
182
257
161
292
213
360
161
302
1,786
819
1,094
1,841
836
1,186
309
1,857
838
1,173
1,926
877
1,169
1,998
910
1,194
2, 081
924
1,291
2,131
924
1,364
2,242
972
1,416
348
2,443
1,023
1, 616
2, 558
1,069
1,696
2, 653
1,063
1,779
2,701
1,022
1,939
2,752
973
2,062
100. 13
100. 47
79. 85
100. 07
100. 43
78.92
99.05
99.39
79.06
98.41
98.76
78.05
98.62
98.97
78.55
98.27
98. 59
79.06
117.4
127.4
99.27
117.0
126. 6
98. 97
116.7
125.4
97.88
115.7
124.9
96.97
115.4
124.4
97.08
115.2
124.9
96.31
98, 178
99, 831
150, 401
155, 797
115,121
129, 547
86, 843
90, 703
93, 992
100, 868
80,463
89, 342
96, 042
96, 368
147,784
152, 634
111,885
126, 209
84, 516
88,119
92, 031
97,287
78,899
87. 152
r 17
(2)
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
_ __
_ _ _
Wheat-, ...
(2
SECURITY MARKETS
Brokers* Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
mil of dol
do
do
do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total!
dollars-101. 00
100. 00
100. 71
100. 62
100. 53
100. 91
100. 39
Domestic
do
101.41
100. 40
101.12
100. 90
101. 31
101. 00
100. 74
Foreign
__ _
do
78.17
77.64
77.90
78.74
78.67
78. 96
79.71
Standard and Poor's Corporation:
Industrial, utility, and railroad (A1+ issues):
118.1
117.5
Composite (17 bonds)
dol. per $100 bond__
117.0
117.8
117.6
117.5
117.5
123.9
123.6
Domestic municipal (15 bonds)
do
123. 9
128.4
127.2
126.9
126.9
100. 36
U. S. Treasury bonds, taxable
..
do
99.49
99.68
99.92
100. 28
100. 36
99. 69
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
thous. of doL.
74, 769
73,721
73, 701 j 92, 201
85, 991
64, 498
70, 651
Face value _ . _
do
83, 764
84, 141
82, 290 1 102, 829
90, 886
68, 903
77, 015
New York Stock Exchange:
Market value
do
72, 601
72,116;! 72,0131 90, 201 [ 84, 448
62, 600
68, 690
Face value
do _ _ ' 81, 102' 82, 136 80, 225 100, 365 88, 658
66, 632
74, 512
r
Revised.
1 Includes International Bank securities not shown separately.
Less than $500,000.
tRevisions for 1952-February 1953 and January-March 1954 will be shown later.
§Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are also included
in computing average price of all listed bonds.
125.1
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June
1955
May
April
June
July
August
Septem- October Novem- December
ber
ber I
Janu-
ary
Febru-
ary
March
April
May
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Sales — Continued
New York Stock Exchange, exclusive of stopped
sales, face value, total§...l
thous. of doL.
U S Government
do
Other than IT. S. Government, total §
do
Domestic
do
Foreign
... _
_•_ ...
do..
Value, issues listed on N. Y. S. E.:
ATarket value total all issues §
mil of dol
Domestic
do
Foreign
do
Face value, total, all issues§
do
Domestic
do
Foreign
do
Yields:
Domestic corporate (Moody's).percent..
By ratings:
Aaa___
_
do _..
Aa
do
A
do
Baa,
do
By groups:
Industrial
do
Public utility
.
do
Railroad. ..
__
__ . _ _ d o
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds)
do
U. S. Treasury bonds, taxable
do
75, 166
0
75, 166
64, 443
10, 629
73, 779
0
73, 779
64, 860
8,822
77, 847
0
77, 847
68, 552
9,238
83, 871
10
83, 861
74, 966
8,781
76, 251
5
76, 246
68, 307
7,878
59. 575
1
59, 574
50, 574
8, 965
67, 945
5
67, 940
57, 516
10. 362
97, 202
0
97, 202
88, 096
9,009
126,487
0
126, 487
118,359
8, 051
101,100
4
101,096
93, 654
7, 356
79, 992
4
79, 988
73, 110
6,819
81, 373
0
81, 373
73,806
7,547
80,570
0
80, 570
74, 930
5,592
108, 356
106, 255
1,440
107, 288
104, 781
1,843
105, 094
102, 990
1,436
105, 091
102, 577
1,849
105, 582
103, 474
1, 437
104, 835
102, 325
1,844
105, 727
103, 608
1, 445
104, 770
102, 268
1, 837
109, 495
107, 382
1,440
108,816
106,322
1.829
109.350
107, 232
1.448
108. 778
106, 280
1,833
109, 395
107, 269
1,453
108, 965
106, 477
1. 823
109, 139
107,012
1,454
109, 003
106, 516
1,822
106,517
104. 442
1,403
106,438
103,995
1,778
105, 476
103, 351
1, 456
106, 491
103, 985
1, 841
104, 518
102, 427
1,433
106, 204
103, 713
1,836
104, 349
102, 266
1,428
105, 806
103, 334
1,818
104. 344
102, 238
1,449
106, 184
103, 696
1,833
3.12
3.13
3.16
3.15
3.14
3.13
3.13
3.13
3.13
3.15
3.18
3.20
3.21
3. 23
C)
2.90
3.06
3.18
3.49
2.89
3.04
3.17
3.50
2.87
£ 03
3. 15
3.49
2.89
3.04
3.13
3.47
9 07
3.15
3.47
2.88
3.03
3. 15
3.47
3' 04
3.14
3.46
2.89
3.04
3.13
3.45
2.90
3.04
3.14
3.45
2 93
3.06
3.15
3.45
2.99
3.10
3.17
3.47
3.02
3.13
3.18
3.48
3.01
3.13
3.19
3.49
3.04
3. 15
3. 21
3.50
3.04
3.13
3.19
3.06
3.13
3.21
3.10
3.15
3.23
3.10
3.13
3.23
3.07
3.12
3.21
3.07
3.13
3.22
3.06
3.11
3.23
3.06
3.10
3.22
3.07
3.10
3.23
3.08
3. 12
3. 25
3.12
3.15
3.28
3.14
3.17
3.31
3.14
3.17
3.30
3. 17
3. 13
3.32
2.49
2.47
2.47
2.51
2.49
2.52
2.40
2.48
2.54
2.26
2.31
2.47
2.26
2.23
2.48
2.35
2.29
2.51
2.33
2.32
2.52
2.33
2.29
2.55
2.36
2.33
2.57
2.43
2. 39
2.65
2.45
2.42
2.72
2.42
2.45
2.71
2.40
2.43
2.77
2.41
588.3
108.0
212.5
6.8
227.6
55.8
96.7
2.1
1,252.5
86.4
816. 5
94.5
525. 8
130. 6
149.9
2.3
339. 6
68.0
170.7
4.6
1,264.5
93.9
822.0
93.8
594. 2
114.3
211.6
6.5
256. 6
75.2
104.4
1.7
1,941.0
233. 5
1, 237. 8
140.1
721.3
148.2
236.8
6.1
261.0
76.5
89.8
2.2
1,3,53.2
93.8
881.7
101.4
661.7
122. 2
233.6
7.7
107. 6
70.2
24.7
51.3
7.2
1.1
57.3
2.9
7.6
4.1
38.4
100.7
55. 2
37.4
23.4
107.2
66 8
13.7
48.2
7.1
1.6
64. 8
9.5
13.2
7 2
39.0
102.6
51.2
38.3
23.7
107.8
74.4
20.3
52.4
6.9
1.2
55. 9
4.4
8.2
5.6
42.1
113.9
87.0
47.4
39.2
120.8
73.9
32.4
94.0
9.1
1.3
59.6
10.1
16.8
4.7
39.0
106.6
64.6
41.0
25.1
126.5
77.1
23.0
56.9
14.7
4.18
4.41
2.13
3.11
3.01
3.37
4.22
4.47
2.13
3.11
3.01
3.37
4.22
4.47
2.13
3.14
3.01
3.37
4.24
4.47
2.13
3.15
3.01
3.37
4.22
4.43
2.13
3. 15
3.05
3.37
4.22
4.43
2.13
3. 15
3.07
3.37
4.23
4.46
2.13
3.15
3.08
3.37
4.42
4.72
2.13
3.17
3.09
3.37
4.43
4.73
2.14
3.14
3.15
3.37
4.48
4.79
2.14
3.19
3.15
3.39
4.56
4.90
2.14
3.23
3.15
3.39
4.59
4.92
2.18
3.23
3.14
3.49
4.60
4.93
2.18
3.36
3.15
3.49
4.62
4.95
2.21
3.36
3.15
3.49
do
do
do
do
84.67
90. 76
42.91
47.16
86. 51
92. 86
43. 79
49.63
87.60
94.34
43.91
50.01
91.97
98.49
46.67
52.98
88.91
95. 06
45.44
50.01
94. 65
102. 88
45. 90
51.47
92.64
100. 66
44.18
52.29
100. 60
110. 13
46. 33
58.38
105. 40
115. 64
47.56
64.27
106. 21
116.83
46.94
64.35
108. 30
118.49
48.59
67.42
108.90
117.61
47.97
67.42
111. 68
122. 40
49.12
72.21
111.49
122. 15
48.54
71.63
percent
do
do
do
do
do
4.94
4.86
4.96
6.59
4.66
3.08
4.88
4.81
4.86
6.27
4.62
2.94
4.82
4.74
4.85
6.28
4.59
2.88
4.61
4.54
4.56
5. 95
4.35
2.73
4.75
4.66
4. 69
6.30
4.32
2.79
4.46
4.31
4.64
6.12
4.39
4.57
4.43
4.82
6.02
4.50
3.00
4.39
4.29
4.60
5. 43
4.26
2.74
4.20
4.09
4.50
4.89
4.09
2. 52
4.22
4.10
4.56
4.96
4. 14
2.58
4.21
4.14
4.40
4.79
4.06
2.51
4.21
4.18
4.54
4.79
3.89
2.58
4.12
4.03
4.44
4.65
3.94
2.50
4. 14
4.05
4.55
4.69
4.06
2.49
3" ob
Stocks
Cash dividend payments publicly reported:
Total dividend payment^
mil of dol
Finance
do
AT an 11 factoring
do
Mining
do
Public utilities:
Communications
do
Electric and ^a^
do
Railroad
do
Trade
do
ATi^cellaneous
do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) dollars.
Industrial (1 25 stocks)
.
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
do .
Insurance (10 stocks)
do
Price per share, end of month (200 stocks) .
Industrial (125 stocks)
Public utility (24 stock^
-Railroad (25 stocks")
Yield (200 stocks) .
Industrial (125 stocks)
Public utility (24 stocks) .
Railroad (25 stocks)
Bank (15 stocks)
_
_ ___ .
Insurance (10 stocks!
_
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollar*'
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Cor]).)
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 id"
Combined index (480 stocks)
1935-39 = 100..
Industrial, total (420 stocks)
do
Capital goods (128 stocks)
do
Consumers' goods (195 stocks)
do.. .
Public utility (40 stocks)
do
Railroad (20 stocks) . . . .
do
Banks. N. Y. C. (12 stocks)
do
Fire insurance (16 stocks)
.do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value... . . . . . . . . mil. of dol
Shares sold
thousands
On New York Stock Exchange:
Alarkef value
mil of dol
Shares sold
thousands
Exclusive of odd lot and stopped sales (N. Y.
Times)
thousands
Shares listed. New York Stock Exchange:
Market value, all listed shares.
mil. of dol- _
Number of shares listed
-.millionsr
QK
8.49
2.85
4.58
r
3.92
3.93
3. 98
4.00
4.01
3.98
3.99
130. 40
352. 71
61.04
116.03
131. 54
358. 30
59.43
118.41
145. 81
393. 84
61. 43
139. 64
147. 98
398. 43
62. 39
142. 45
151. 70
410. 25
63.29
145. 64
152. 75
408.91
63.87
149. 06
158.35
422.99
64.56
157. 51
157. 89
421. 55
64.06
157. 75
238. 5
264. 4
257 ?
209'. 4
140. 7
182. 0
135.4
284. 1
243.5
271.4
262. 5
214. 8
139.4
186.7
135.9
274.8
252.2
282.0
278. 5
221.2
141.4
196.7
138. 0
278.5
264.5
296.7
296.8
228.7
144.0
217.5
147. 6
295.9
268.8
301.9
302. 7
232.2
145.1
222.4
150. 5
302.3
278.1
312.4
316. 2
235. 0
149.6
231. 9
153. 9
311.1
277.5
310.8
315. 3
233. 8
150.4
237 9
157^3
312.4
286.2
321.5
330.2
241.0
151.8 I
252. 1
164.2
322.5
285.0
319.7
331.9
239.8
152. 3
250.9
156.7
327.0
2. 178
81, 723
2,371
88, 329
2,987
101, 956
3,714
135, 761
3, 996
142, 277
3, 547
131,480
3, 795
135,020
3, 155
105, 677
2, 410
70, 904
1,852
53, 201
2, 031
61,725
2,577
71, 843
3, 196
93, 705
3. 438
96, 769
3, 067
90, 745
3,277
91, 252
2,734
71, 171
41.232
44, 169
63, 930
76, 456
74. 646
60.815
66, 865
53, 788
150, 659
3, 093
148, 163
3,094
160, 986
3, 107
169, 149
3,174
171. 155
3, 208
175, 588 ;
3, 236
175.806
3, 262
181, 386
3, 284
1 22. 69
327. 91
57. 92
110.89
127. 66
341. 27
59. 43
116.65
129. 76
346. 06
61.01
118. 29
212.
233.1
225. 3
184.6
132.5
1 63. 7
121.8
249. 1
219. 8
241.5
235.9
189.2
134.9
173.0
124.8
260. 6
221.8
244.0
241.6
191.2
135.0
175.7
125.8
265. 1
231. 1
254. 5
255. 9
202.4
139. 5
184. 1
131.3
283.3
236. 4
260. 6
257. 2
207. 3
142. 3
187.2
135. 7
293. 3
2. 105
88, 057
2, 453
89, 573
' 97,' 292
2.144
67, 359
2,173
84, 934
r
2,122
84, 953
r
4.01
1,879
62, 793
1,846
61, 746
1,823
61, 602
43, 867
41,913
42, 225
51, 854
56, 928
139,188
3,047
145. 843
3, 063
142, 284
3,071
134.586
2, 967
137, 928
2,979
9 60
3.00
7 00
137. 84
375. 50
60.12
126. 95
4.03
1 20. 74
322. 86
57.37
108. 62
4.04
T
3.93
4. 02
115.94
310.92
56. 39
102. 01
4.05
r
9.43
2.94
9.97
7 63
2.88
6 42
3.98
r
45, 427
Revised.
r Preliminary.
§ Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price of
all listed bonds shown en p. S-19.
cr"Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
S-21
SUEVEY OF CURRENT BUSINESS
1055
i ] nless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
1955
1954
April
July
June
May
DecemOctober NovemAugust September
ber
ber
January
Febru-.
ary
T.,,,
ivic .rch
April
May
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS
(QUARTERLY)!
Exports of goods and services , total
mil. of clol..
ATilitary transfers under grants net
do
Merchandise, adjusted, excluding military trans'icti<>n^
mil of dol
Income on investments abroad
do
Other services and military transactions
do
*•r 5, 688
1, 002
Imports of (roods
and services total
\Terchan diQe adju c ted cf1
r
3, 478
'r 483 _
725
ATilitirv expenditures
do
Balance on goods and services
do
Unilateral transfers (not) total
do
Government
r
r
U. S. long- and short-term capital (net), total
Government
"Foreign lonf- and short -term capital (net)
do
Oold sales [purchases ( — )]
do
Frrors and omissions
do
r
-114
T
-1,380
do
r
r
2 907
r
501
T
740
r 3 501
r
r
4 008
2, 457
'" 96
r
637
r
818
r 554
'-1.216
-104
— 1. 118
-302
3Q5
+253
-117
-1,074
r -640
-20
+59
-79
r
+164
632
T
r
+439
+75
-1,191
r -125
T
+164
+1,021
" -1,091
4-2
r
.
522
681
4 077
2. 759
110
643
r 114
r
651
—1.222
r
r
3,443
I
3, 894
2, 575
"•4-1.689
-24
5, 098
452
'720
r
755
+846
T
+8
r
T
r
r —399
r 375
do
' 5, 583
607
r
' +1.468
1
r -1,494!
do
4, 854
r
706
r
4 220
* 2, 754
108
r
685
r
673'
do
do
r
0
+324
+ 102
+70
+30
r —227
+58
--
FOREIGN TRADE
Indexes
Exports of U. S. merchandise: t
Quantity
Value
..
._
-- - .Unit value
Imports for consumption: t
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
\ d j tinted
285
580
203
281
571
203
296
600
203
261
526
201
236
470
199
227
452
199
258
514
199
252
506
201
263
534
202
234
474
202
249
500
201
269
545
202
161
460
285
141
405
286
164
474
289
139
400
288
140
403
287
133
379
284
131
371
283
143
405
283
158
454
286
149
420
282
145
411
283
173
490
283
90
114
92
119
92
132
75
110
64
80
£
102
74
103
81
110
91
92
89
96
112
108
123
do
do
119
141
133
156
120
150
115
145
97
101
109
94
150
116
147
127
146
132
133
133
143
171
160
183 '.
do
do
115
108
96
98
106
114
81
89
78
85
80
85
78
77
81
84
91
88
99
97
91
90
5,616
8,232
6, 552
8,892
fi, 570
9, 845
6, 386
9, 154
6,339
9,133
5, 986
8,971
7.464
9,000
6,655
9,273
6,147
9, 544
"Exports, including reexports, totalU
mil. of dol.. 1, 425. 6
By geographic regions: A
A frica
thous. of doL . 61,813
234, 814
Asia and Oceania.- _ _ _ _.
do
306, 296
Europe
do
256, 824
Northern North America
_ do
166, 136
Southern North America
do
179, 020
South America
do
Total exports by leading countries:A
Africa:
4,019
Egypt - _ -_
do
28, 524
Union of South Africa
do
Asia and Oceania:
14, 986
Australia, including New Guinea
do
2,262
British Malaya
do
4
China, including Manchuria
_
do
24, 728
India ;and Pakistan
do
79, 304
Japan
do
7,126
Indonesia
do
35, 086
Republic of the Philippines
do
'Europe:
31,715
France
do
44, 650
Germany
_
do
27, 906
Italy
do
2
Union of Soviet Socialist Republics . . . . do
44, 649
United Kingdom. . . _ . . _
do
.'North and South America:
256, 818
Canada
_
do
1, 400. 2
1, 473. 4
1, 291. 0
1, 155. 1
1,111.4
1, 263. 5
1, 245. 3
1,311.8
1,167.9
1, 230. 5
1, 341. 1
49, 427
203, 673
277, 816
267, 972
132, 863
146, 857
59, 854
182, 021
292, 509
243, 068
123, 846
151, 344
46,
176,
250,
220,
119
162;
763
915
208
000
583
506
49, 525
141, 806
228, 086
215, 427
118, 891
49, 246
158, 908
351, 243
233, 026
139, 932
45, 632
173, 164
45, 231
185, 281
335, 742
205, 970
132, 823
127, 460
372, 554
221, 896
161,733
242, 034
139, 929
155, 606
51, 066
196, 976
378, 465
222, 382
145, 685
162, 397
47,990
155,118
49, 685
147, 141
229, 769
213, 671
122, Oil
146. 348
123, 886
52, 941
232, 186
360, 253
264, 840
147, 725
135, 956
3,452
21, 528
3,429
2,753
17, 093
2,976
17,201
2,837
21, 335
18, 878
3, 073
18, 808
18, 943
4, 101
16, 564
3,618
25, 200
4,471
22, 172
7, 566
24, 768
18, 323
2,857
0
21, 360
62, 357
8,740
26, 473
14, 383
2, 275
0
13, 478
56, 556
8,317
23, 878
17, 574
17,886
2,447
0
12, 950
32, 024
18, 260
3, 154
0
21, 800
53, 882
15,450
0
17, 132
43, 982
5, 189
22, 876
26, 589
3, 190
0
19, 798
51, 531
5, 621
29, 493
18, 293
3, 575
0
26, 868
52, 453
25, 373
39, 657
26, 955
1
46, 351
34, 065
34, 837
32, 186
23
46, 462
22, 586
33, 220
21, 581
86
50, 501
21, 456
32, 069
61,871
267, 969
242, 972
219, 981
215, 407
213, 657
326, 580
8,183
46, 771
7, 911
264, 629
6,058
40, 834
5, 494
263, 640
11, 396
43, 020
268, 018
10, 291
48, 601
264, 445
256, 221
9. 342
42, 062
287, 158
12, 348
36, 552
6,801
1936-38—100
_-do
do
do
do
do
1924-29-100
do
111
99 •"".'.'.".'.".
Shipping Weight
Water-borne trade:
Exports, incl. reexports§
General imports
thous. of long tons. do
Value*
Latin American Republics, total
Argentina
Brazil
._ ...
._
Chile
do
do
do
do
6,074
3,292
4,602
3,032
23, 425
16,324
78
54, 610
14, 256i
48, 896 j
4, 364
18, 838
3, 579
14, 734
2,412
0
12, 782
32, 147
4. 396
29, 897
12, 547
40, 987
4, 657
31, 348
22, 830
31, 171
17. 459
1
32, 471
48, 902
28, 179
4
5,947
352,816
3,967
21, 599
2,276
196,728
125,337
26, 559
32, 531
2, 755
0
16, 742
58, 034
4,619
27, 427
34, 708
51, 236
37, 513
18
77, 661
28, 109
42, 671
25, 985
112
74, 170
27, 339
50, 206
32, 517
1
101,657
35, 321
59, 258
33, 316
0
70, 210
79,411
32, 993
42, 484
28, 392
15
78, 523
233, 012
242, 029
222, 370
205, 968
221, 882
264, 835
281, 118
15, 802
34, 956
7, 905
292, 543
12,815
246, 802
12, 968
31, 535
21,343
5,388
235, 748
12, 526
18, 584
8,212
267, 225
10. 278
20, 225
0
16, 945
44, 043
4,067
5,342
9,909
1, 262. 0
.:::.
.
8,044
35, 723
9,897
33, 661
26, 138
30. 732
Colombia
do
29, 510
31, 359
32, 598
35, 270
28. 039
32, 386
26, 256
28, 830
27, 049
40 91 fi 36, 684
32, 798
35, 779!
34, 208,
Cuba
do
39, 958
38, 982
35, 353
38, 377
36, 102
35, 469
41, 38^
43,751
48, 276
Mexico
do
62, 255 54, 029
48, 197!
48, 548
54, 092
47,315
52, 256
49, 457
50.411
58, 990
Venezuela
do
56,934
43, 004 ,
41, 618:
46, 966
47, 433
46, 331
48, 694
37, 237
47. 131
41,882: 40, 723
45, 351
r
Revised.
v Preliminary.
^Revisions prior to June 1954 for balance of payments and prior to February 1954 for foreign trade will be shown later.
cfExcludes military expenditures.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense oontrolle'l cargo.
^Total exports and data by economic classes and commodities include shipments under the Mutual Security Program. Total MSP military shipments are as follows (mil. dol.): April
1954-April 1955respectively—167.2; 264.2; 359.3; 267.6; 200.4; 152.8; 103.7; 85.1; 97.6; 85.3; 94.7; 92.2; 93.9.
AExcludes Shipments under MSP and "special category" shipments not made under this program.
SURVEY OF CURRENT BUSINESS
S-22
June 19.~>5
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
April
May
June
July
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valuef— Continued
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
do
Grains and preparations
do
Packing-house products
do
Tobacco and manufactures
do
1, 413. 1
1, 390. 8
1,145.8
1,100.8
1,251.8
1, 233. 8
1, 300. 5
1,154.8
1,219.2
1, 328. 3
158, 795
65, 793
63. 025
165, 783
959, 672
144, 390 168, 724
73, 431
64, 646
67, 773
62, 022
151,981 152,316
953, 198 1,014,464
123, 005
65, 493
55, 430
154, 748
882, 628
122, 112
55, 637
53, 281
151, 742
762, 983
126, 763
46, 362
59, 721
141,344
726, 646
224, 601
64, 289
68, 071
163, 646
731, 209
217,117
66, 968
74, 759
156,999
717, 988
205, 172
83, 506
65, 893
171, 260
774, 653
154, 147
76, 151
58, 047
171, 268
695, 160
147, 396
83, 133
64, 069
182, 326
742, 247
152, 284
96, 344
69, 368
188, 490
821, 849
259, 385
79, 777
21,280
65, 155
22 028
22, 355
254, 558
64, 484
27, 735
70, 137
21, 991
23, 085
266. 444
83, 706
28, 481
58, 095
19, 647
23, 215
213,215
43, 290
23, 505
62, 149
21, 245
23, 040
190, 438
35, 403
19, 756
58, 200
18, 435
22, 216
193, 805
38,164
20, 448
49, 063
16, 781
37, 827
311, 857
67, 842
25, 379
63, 309
21, 992
75, 505
332, 475
74, 457
27, 273
61, 785
24, 527
47, 073
340. 225
94, 622
20, 722
79, 725
24, 231
31, 980
274, 908
63, 545
18, 690
73, 059
22, 920
25, 564
275, 815
59, 010
20, 314
81,444
21, 895
22, 986
295, 209
69, 564
24, 869
102, 102
20, 743
26, 769
1, 153. 7
147, 918
103, 422
23, 309
49, 993
1, 136. 2
134, 644
86, 590
28, 160
38, 639
1,195.7
113,054
91,051
29, 701
39, 644
1, 068. 1
104, 694
87, 448
25, 617
41, 668
955.3
83, 181
85, 411
31, 925
43, 375
907.0
81,366
81, 626
28, 696
41,204
940.0
80, 934
93, 036
35, 601
45, 660
901.4
91,071
86, 120
31, 731
41, 439
960.3
111, 625
85, 995
27, 942
53, 990
879.9
108, 742
79, 781
20, 230
55, 766
943.4
117, 489
84, 057
27, 087
57, 373
1,033.1
136, 261
93, 307
22, 942
66, 739
do
- do. .
do
do
do
do
298, 113
15,210
32, 107
78, 399
22, 877
135,101
259, 413
14, 035
30, 408
66, 486
18, 744
117, 706
243, 083
10, 722
29, 921
63, 568
19, 885
110, 631
231, 186
11,818
27, 363
61, 270
15, 235
104, 985
204, 731
10. 089
26, 706
50, 096
20, 621
89, 231
211,075
8,192
22, 577
57, 547
13, 482
98, 596
214, 854
7,236
23, 378
58, 775
14, 180
99, 743
228, 909
7, 437
24, 518
61, 437
17, 044
106, 971
234, 655
7, 752
25,818
59, 353
16, 712
112, 747
225, 870
8,872
26, 062
64, 074
14, 872
100, 900
240, 035
10, 362
28, 616
69, 554
15,258
103,915
267, 878
12, 601
31, 694
71, 538
16, 685
121, 187
do
do
59, 087
65, 634
59, 756
51, 469
65, 494
49, 684
56, 575
45, 461
53, 402
48, 997
46, 892
51,017
57, 114
57, 434
55, 383
53, 627
55, 218
54, 588
46, 356
47, 261
46, 769
49, 627
49, 973
63, 286
do
957, 322
829, 059
946, 371
821, 662
824. 341
780, 641
763, 470
838, 772
941, 772
870, 118
849, 673 r l, 018,253
do
do
do
do
do
do
70, 459
159, 955
197, 644
185,811
133, 192
210, 262
55, 498
144, 901
159, 216
193, 273
110, 430
165, 736
57, 234
155, 595
178, 348
219, 569
108, 450
227, 177
42,317
133, 020
159, 983
201,800
91, 546
192, 996
40, 599
1 48, 552
162 231
206, 364
90, 176
176,423
31, 571
142, 988
171, 242
204, 787
68, 946
161, 109
37, 873
127, 342
182, 073
201, 670
69, 231
145, 284
44, 288
129, 904
196, 704
211,045
72, 250
184, 580
57, 877
121,314
208, 253
215, 641
107, 012
231, 674
45, 383
151, 478
163, 328
183, 452
144, 987
181, 486
50, 760
140,966
180,016
183,830
138, 177
155,926
65, 146
188, 066
225, 224
212, 694
145, 133
181, 988
4,083
8,253
2,244
9,790
1,658
7,779
1,646
9, 418
1,947
7,708
727
5, 737
610
6,851
490
6,248
1,379
5,972
1,500
7,512
1,821
7,914
4,515
10, 593
15, 508
13, 137
1,958
20, 612
29, 507
13,542
29, 362
9,046
14, 786
348
17, 888
22, 824
13, 036
23, 686
9,655
18, 848
189
16,816
23, 672
17, 596
31, 781
9,611
12, 182
118
19, 305
22, 235
10. 997
27,814
10, 578
17, 496
261
17,499
27, 434
16, 230
24, 604
13, 883
13, 519
695
19, 039
27, 336
13, 537
22, 665
7, 626
15, 765
269
15, 268
24, 360
18, 383
17, 435
7,768
15, 001
951
17, 250
27, 043
13, 462
15, 873
6, 979
14, 552
726
17, 047
25, 038
14, 238
9,814
15, 830
11, 634
843
21, 893
34, 416
15, 257
16, 728
4,158
15, 904
814
21,189
22, 526
17, 843
17, 830
13, 854
20, 906
1,034
25, 701
34, 509
18, 376
22, 673
15,243
28, 590
13, 051
1,342
48, 366
12, 256
21, 864
10, 865
1, 065
40, 430
14, 683
24, 522
10, 754
1,146
45, 022
13, 065
20, 950
9,724
999
39, 562
12, 674
24, 841
11,804
1,038
38, 860
12,126
23, 635
10, 954
1, 604
42, 386
14, 985
25, 380
14, 308
524
41, 263
15, 843
29, 920
14, 824
890
35, 455
14, 044
23, 842
14, 188
919
57,110
12, 805
21, 926
9,740
692
35, 510
13, 166
22, 514
13, 486
1,147
48, 687
19, 836
31, 949
21, 298
866
55, 466
185, 778
193, 263
219, 527
201, 558
206, 260
204, 599
201, 624
210, 750
215, 620
183, 423
183,774
212, 656
324, 632
13, 539
84, 707
12,113
38 609
47, 996
37, 856
41, 788
261, 329
7,112
44, 991
17,811
38, 260
49, 392
23, 524
38, 634
318, 072
11, 526
39, 957
37, 372
72, 757
38. 472
26, 742
40, 757
268, 345
11,415
38, 961
23, 680
57, 547
34, 527
19, 534
37, 938
252, 360
8,942
34, 560
14,818
51. 583
37, 667
24, 365
38, 674
216, 332
8, 016
34, 181
1 5, 285
34, 594
26, 808
19, 558
40, 138
194, 206
6, 526
59, 125
6, 724
15, 554
19, 791
20, 950
37, 412
237, 374
5,894
55, 643
13, 044
37, 097
14, 992
21, 042
48, 550
311,869
6, 962
96, 842
15,003
40, 430
17, 689
27, 850
51, 792
297, 404
7, 585
56, 449
12, 726
38, 722
36, 412
40, 976
47, 716
265, 568
9,222
36, 045
14,990
32,812
34, 524
41,797
46, 602
297, 526
13, 198
40, 587
17, 482
32, 075
45, 398
40, 474
58, 568
943, 643
830,100
972, 886
820, 107
826, 495
776, 900
761, 288
831, 593
930, 835
861, 971
843, 518 rl,004,776
do
do
do
do
do
199, 092
240, 817
123, 275
182, 593
197, 866
204,011
168, 443
106, 091
174, 766
176, 789
227, 154
199, 964
110,828
242, 391
192, 550
186, 377
159,320
93, 660
191,254
189, 496
207, 907
142, 498
96, 615
193, 869
185, 606
197. 687
115,049
86, 540
194. 874
182, 751
182, 049
123, 591
76, 189
186, 315
193, 145
185, 505
163, 018
82, 040
203, 156
197, 873
206, 347
242, 022
71, 546
218, 178
192, 742
201,555
198, 253
86, 843
198, 595
176, 725
204, 433
169, 294
82, 655
208, 996
178, 140
254, 171
178, 541
104, 408
229, 998
237, 657
do
427, 568
16,317
175, 856
6, 016
19, 461
52, 405
22, 689
328, 003
15, 049
106, 633
6, 693
21, 401
42, 948
19, 576
372, 588
28, 824
127, 506
4,885
26, 949
47, 699
21, 963
301, 116
23, 267
101, 748
4, 696
17, 610
39, 445
19, 022
304, 751
16, 180
90, 416
4, 896
27, 214
r
41. 740
19, 047
260, 137
17,291
64, 886
3, 686
22, 564
30. 611
18,312
252, 491
12, 822
75, 993
3,967
24, 371
16, 651
17, 689
288, 050
18, 788
106. 079
3,752
23, 188
12, 880
15, 689
360, 957
30, 821
174, 374
3,171
24, 480
10, 423
15, 444
358, 689
19, 055
140, 179
3,924
27, 719
36, 502
21, 593
318, 945
22, 471
107, 899
3, 506
30, 358
36, 335
17,518
372, 284
26, 086
105, 413
6,181
39, 470
44, 384
26, 404
516, 075
6,424
502, 098
7,173
600, 298
5, 375
518, 991
6, 570
521, 744
4, 805
51 6. 764
5,297
508, 797
2, 838
543, 543
2,124
569, 878
11,990
503, 282
9,394
524, 574
9,975
632, 491
7, 853
88, 407
«• 27, 685
12, 547
20, 532
47 597
62, 125
98, 278
31, 201
11,254
20, 112
49, 611
65, 625
153,496
48, 889
19, 782
28, 048
52, 529
67, 816
97, 134
37,312
8,982
23, 884
47,011
64, 714
96, 196
32, 542
16, 055
25 087
52, 063
63, 109
89, 048
31, 767
13, 660
25, 560
47, 487
64. 401
73, 290
17, 797
16, 108
25, 421
49, 651
67, 032
82, 972
25, 759
17,041
27, 068
54, 284
74, 077
97, 324
28, 382
14, 974
22, 675
52, 963
87, 896
75, 003
23, 363
11,672
22, 402
46, 732
85, 202
88, 207
29, 485
15,037
22,210
43, 200
84, 760
95, 320
31, 129
15,099
28, 288
51, 451
95, 062
Non agricultural products, total
mil. of dol._
Automobiles, parts, and accessories _ .thous . of dol _ _
Chemicals and related products§cf
do
Coal and related fuels
do
Iron and steel-mill products
do
Machinery total§
Agricultural
Tractors parts and accessories
Electrical^
M^etalworking^
Other industrial
Petroleum and productscf
Textiles and manufactures
General imports total
By geographic regions:
Africa
Asia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt
do
Asia and Oceania:
British M^alava
T H
H P IT t
do
~
Japan
._
Indonesia
Republic of the Philippines
Europe:
r\
„_.
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Latin American Republics, total
Argentina
Brazil
Chile
Cuba
Mexico. _
Venezuela __
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities:
Agricultural products total
d
-do _.
do
do
A~
do
do
do
do
do
do
do
do
_.do -do -
Coffee
do
Hides and skins
do
Rubber, crude, including guayule
do
Sugar
-_ . _
-_ _ - _ - doWool and mohair, unmanufactured
do - _ Furs and manufactures
do
Nonferrous ores, metals, and manufactures, total
thous. of doL .
Copper, incl. ore and manufactures
do
Tin, including ore
do
Paper base stocks
.
do
Newsprint
do
Petroleum and products
do
T
r
1, 462. 2 1,281.3
y.
{Revisions prior to February 1954 will be shown later
^Sec similar note on p. S-21.
Revised.
v Preliminary.
-c^c* for
^i seimmauuiauLufes
9* Data
semimanufactures reported as "special category, type 1" are included with finished manufactures.
§Excludes "
"special category, type 1" exports.
., ,
. ,
. .
? Exports of jet fuel (totaling $1,719,000 in 1953) are included with petroleum and products beginning January 1954; with cnernicals prior thereto.
857, 000
::::::
May
SURVEY OF CUEEENT BUSINESS
June 1055
S-23
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
April
May
June
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown revenue
thousands
Express and freight ton-miles
flown
do
Mail ton-miles
flown
_ _ _ _ do. __
Passengers carried revenue
do
Passenger-miles flown, revenue
millions _
41,281
14, 964
6,767
2,485
1,334
42, 758
14, 780
6,344
2, 520
1,363
42, 344
14, 669
6,199
2,701
1,525
44, 190
13, 793
6,045
2,687
1,514
37, 859
12, 704
6,053
2,471
1,392
42, 095
16, 478
6,160
2,621
1,436
43, 007
18, 759
6.549
2, 673
1,414
40 497
17, 359
6,496
2 416
1,281
44, 365 'i 45 092 1 40, 790
19,697 r 1 15, 347 i 114, 753
9, 833 r' !1 6, 574 1 6, 694
2,518
2, 601 1 2, 367
1,426 'I 1,485
1, 320
thous of dol
do
31, 215
12,492
28, 003
9,903
31, 588
12, 760
27, 061
9,062
28, 808
10, 759
30, 318
8, 696
30, 784
11,982
32 132
12 458
39 517
17, 161
27 258
8 965
26 849
8 993
32, 326
13, 712
cents
millions
thous of dol
13.5
••875
130, 400
13.6
834
122, 300
13.7
806
119, 900
13.7
749
117, 500
13.8
740
116, 400
13.9
785
114, 500
13.9
816
123, 400
14.0
820
127 100
14.0
862
137, 100
14.1
784
119, 600
14 1
731
113 000
14.2
837
126,300
14.3
799
1
1
45, 696
18, 174
7, 597
2, 732
1, 521
1
1
1
Express Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares average cash ratef
Passengers carried, revenue
O perating revenues
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :§
Number of reporting carriers
Operating revenues
total
thou0- of dol
Expenses to f al
do
Revenue freight carried
thous of tons
2,042
844, 448
807, 973
64, 697
2 036
856, 644
819, 933
65, 629
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues total
thous of dol
Expenses total
do
Revenue passengers carried
thousands
169
93, 176
83, 932
81, 143
168
107, 372
88 267
83, 553
164
89,616
84 667
79, 068
Class I Steam Railways
Freight carloadings (A. A. R.):c?
Total cars
thousands..
Coal
do
Coke
. _ . _ - _ _ do
Forest products .
...
do. _.
Grain and grain products _
. _
do
Livestock
do
Ore
.
do
Merchandise, 1. c. 1. .
. ...
do...
Miscellaneous
do
Freight carloadings (Federal Reserve indexes):
Total, unadjusted
1935-39=100
Coal
do
Coke
do
Forest products.. .
,_
. . do _._
Crrain and grain products
do
Livestock..
...... ...
..do _.
Ore
do
Merchandise, 1. c. 1_ . . _ . - . - - _ - . _ _ d o _ _ _
Miscellaneous
do
3,093
475
38
197
209
39
124
315
1,697
108
79
96
127
118
55
88
40
128
111
Total, adjusted
do
79
Coal .
do
98
Coke
. . . . ..do. _
127
Forest products
do
134
Grain and grain products
_ _ _ .__do .
62
Livestock
do
136
Ore
do
39
Merchandise, 1. c. 1
do
130
Miscellaneous.
...
. _ ....do
Freight-car surplus and shortage, daily average:
136,335
C a r surplus, total- _ _ _ _ _ _ . _ . _ _ _ _ . number
22, 908
Boxcars.. . . .
do
100, 848
Gondolas and open hoppers
do
261
Car shortage, total.. _
do
245
Box cars
do
0
Gondolas and open hoppers. _
_ do
Financial operations:
Operating revenues, total .
. . .thous. of dol ' 763, 054
* T635, 355
Freight
do
59, 556
Passpnper
do
r
609, 485
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of dol_. 'r 93, 956
59, 614
Xet railway operating income
do
38, 709
Net income J.
. _ _
. _ ..
do
Operating results:
45, 224
Freight carried 1 mile
mil. of ton-miles
1.467
Revenue per ton -mile
cents
2,221
Passengers carried 1 mile, revenue
millions
2,730
439
29
163
214
23
285
235
1,342
3,251
433
35
178
312
31
351
290
1,621
2,708
438
27
155
212
31
249
252
1,344
2,711
452
29
162
199
46
228
248
1,348
3,629
635
43
230
268
77
246
327
1,803
2,685
493
35
170
220
47
110
247
1, 363
2,518
487
36
169
185
34
62
239
1,306
3,054
608
50
194
225
40
75
288
1, 575
2,575
511
42
171
177
25
56
243
1,351
2,621
447
42
168
171
27
67
255
1,444
3,433
569
56
205
217
40
179
308
1,859
3,063
510
47
179
194
29
307
251
1,547
114
84
93
133
127
53
224
39
130
116
85
93
132
158
41
255
38
129
114
80
91
120
181
47
255
38
126
114
90
87
125
149
56
217
40
127
120
98
97
140
147
89
205
41
133
124
105
109
149
150
111
170
41
136
121
106
116
143
159
85
98
41
134
114
106
125
137
133
60
57
40
127
110
103
127
133
132
61
53
37
123
113
105
131
138
124
45
49
39
128
115
91
134
135
120
49
59
40
137
120
95
142
133
123
58
136
39
140
130
105
147
145
137
52
271
40
146
112
84
94
128
144
58
136
39
128
111
85
95
127
155
54
164
38
125
109
80
94
119
151
54
159
38
125
111
90
90
119
138
59
145
40
126
111
98
98
129
131
67
137
39
123
115
105
111
141
150
72
109
40
125
118
106
116
146
163
68
109
40
129
123
106
119
154
142
62
184
41
135
121
103
121
148
132
64
210
39
134
122
105
124
144
127
56
198
40
136
123
91
133
135
130
62
204
40
144
'123
95
144
133
140
65
'177
39
142
128
105
149
139
155
57
177
40
144
126,845
23, 609
88, 590
393
375
15
86, 150
19, 070
56, 783
699
689
0
95, 994
11,937
74, 775
740
716
24
81, 002
10, 688
60, 603
447
442
3
72, 134
8,923
52, 598
998
964
0
44, 922
3,402
33, 041
2,854
2, 405
139
29, 482
1.200
20, 505
2,193
2,077
25
40, 960
2, 348
27, 410
244
237
0
71,087
9, 568
49, 286
368
341
3
47, 171
6,445
30, 145
687
665
23
38, 468
3,351
28, 230
1,427
1, 334
34
21,810
2, 398
11, 657
2,418
1,834
281
14, 556
3,129
2,426
6,592
4,144
2, 021
765, 121
638, 974
60, 395
616,844
803, 521
666, 029
69, 271
625, 337
779, 794
642, 540
72, 464
6J8, 597
804, 767
664, 232
73, 422
623. 326
781, 619
652, 951
62, 312
607, 388
804, 392
678, 755
57, 327
611,780
793,015
669, 535
57 515
597,013
798, 023
652, 902
68, 954
628, 344
752, 741
625, 924
65 301
590, 002
724, 335
611,843
55 260
564, 101
825, 160
703, 245
56, 487
612, 029
795, 972
673, 932
58 231
602, 164
89, 396
58, 881
38, 659
98, 504
79, 680
58, 970
90, 094
71, 103
49, 365
97, 368
84, 073
64, 210
94, 027
80, 204
58, 329
101,737
90, 875
75, 402
101,884
94,118
75, 518
60,571
109, 108
126, 624
94, 079
68, 660
51, 873
93, 630
66, 604
46, 133
115,398
97, 733
77, 866
106, 432
87, 377
49,117
1. 363
2,285
47, 637
1.443
2,644
46, 914
1.427
2,879
48, 921
1.405
2,926
48, 175
1.402
2,406
52, 712
1.344
2,192
48, 521
1.415
2 159
47, 588
1.421
2,625
48, 161
1. 357
2,488
46, 098
1.382
2,057
50, 996
1.423
2,117
' 2,
697
r
412
r
29
'165
••180
'30
'258
'246
r
1, 377
Waterway Traffic
Clearances, vessels in foreign trade:
9,511
10, 171
9,660
10, 277
9,726
8,830
9,249
9,886
9,505
8,449
Total IT. S. portsQ
thous. of net tons
6,659
6, 841
6,645
7,113
7,157
6,626
5,893
6, 711
6.604
6,261
Foreign. _ _ . _ . . _ _ _ ...
_.
do
2,852
3,059
2,819
2,936
3,241
United States
do
2,794
3,120
3,101
2,645
2,188
Panama Canal:
3, 408
2,954
3, 475
3,127
3.227
3, 329
3, 377
3, 132
3, 453
3,404
3, 376
Total
...
thous. of long tons
3, 760
3 669
977
985
932
1,002
1,038
991
878
1, 065
1, 031
In United States vessels.
...
do
1,030
987
1,123
1,305
l
' Revised.
? Preliminary.
Beginning January 1955, data include local service operations for one carrier.
tData have been revised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over; revisions prior to August 1952
will be shown later.
§I)ata have been revised to cover intercity carriers of all types of commodities, including common carriers of general and special commodities and contract carriers. It should be noted
that the data for 1945-53 shown in BUSINESS STATISTICS (1953 edition) and in the October 1953-December 1954 issues of the SURVEY are for carriers of general commodities only. Revised
data for 1945-52 will be shown later. Revisions for the first three quarters of 1953 are shown in the January 1955 SURVEY.
cf Data for April, July, October 1954 and January and April 1955 are for 5 weeks; other months, 4 weeks.
OData beginning January 1954 include vessels under time and voyage charter to Military Sea Transportation Service; revised monthly data for 1953 to include these clearances will be
shown later.
{Revised data for March 1954, $50,181, 000.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June
1954
April
May
June
July
| August
1
1955
Septem- October Novem- December
ber
ber
JnnuFebruary | ary
March
April
May
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
percent of total. .
Restaurant sales index
same month 1929=100-. Foreign travel:
U S citizens* Arrivals
number
Departures
do
Aliens: Arrivals*
_
_. _ _ _ . do .. _
Departures*
do
Passports issued
._ _
do _ .
National parks visitors
thousands
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous. of dol _
COMMUNICATIONS
Telephone carriers: 9
Operating revenues _ _ _ _ _ _ _ _ _ _ thous. o f d o l
Station revenues
do
Tolls, message
_
do
Operating expenses before taxes
do
Net operating income
do
Phones in service, end of month
_ thousandsTele graph, 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_
7.43
73
251
6.71
75
277
7.25
75
267
6.91
66
237
7. 66
72
248
7 55
74
253
7.71
77
262
7 76
71
250
6 89
59
229
7 17
73
252
7 25
74
252
72, 722
87, 138
52,115
37, 804
58, 430
654
78, 179
91, 220
56, 280
39. 479
56, 776
1,190
92, 068
130, 168
57, 066
52, 266
53, 432
2,472
113.018
] 27. 507
02. 056
46, 236
36, 707
4,127
146, 742
94, 034
64, 504
43, 530
34, 263
4,213
126, 750
73, 984
70. 574
45, 403
26, 023
2,010
88, 706
60, 498
56, 752
40, 100
21,659
1,104
73, 293
f,6, 135
50, 477
35, 154
22, 000
428
72 730
69, 840
48, 675
41, 779
25, 005
277
69 272
76, 638
45, 881
30, 472
34, 356
318
576
7,559
565
7,415
621
8,167
577
7,601
640
8,422
574
7. 543
583
7, 647
540
7,042
571
7, 474
408, 652
241, 991
133,437
280, 195
50, 511
44, 350
411,182
241, 779
135, 373
279, 732
51, 845
44, 514
415, 760
243, 104
138, 921
285, 347
49, 889
44, 621
414, 837
240, 459
139, 800
287, 388
61, 957
44, 766
421, 562
243, 050
144,225
286, 027
55. 790
44, 920
422,311
246. 076
141,432
293, 280
52, 414
45, 129
431,443
251, 172
145, 088
290, 427
59, 615
45, 345
431,914
252,812
143,034
292, 307
58, 930
45, 568
17,089
14,824
1,442
16, 730
15,004
904
17, 768
15, 445
1,499
17,111
15, 803
494
18, 072
15, 555
1,741
18, 447
15, 861
1, 856
18, 267
15, 552
2,023
2,635
1.898
501
2,724
1,940
539
2,848
1,999
579
2,704
1,918
525
2, 595
1,967
377
2,743
1.794
701
2,490
2,153
208
2,516
2,157
222
2,620
2,191
285
2,599
2,217
248
2,557
2,179
255
2,611
2, 320
159
7 02
241
7 65
73
259
80 021
85 524
41, 745
30 235
40, 173
309
56, 399
437
60, 674
690
702
9,224
587
7,710
600
7,884
448, 387
257,149
154,870
311,916
58, 457
45, 858
441, 354
258, 047
146, 783
289, 318
62, 143
46, 093
429, 188
254 859
137, 976
281 240
60, 261
46, 310
454, 235
260, 606
157, 059
307 210
59, 123
46. 545
17, 843
15,513
1, 660
19,733
17, 479
973
17, 552
15, 953
737
16,996
14 880
1,302
19,859
16. 332
2,677
2, 733
1,721
761
2,781
1,853
668
3,011
1, 862
864
2,676
2,104
301
2, 452
1,972
220
2,933
2, 068
599
2,652
2,112
426
2, 672
2,249
300
2,998
2, 353
540
2,754
2,272
333
2, 635
2,198
351
2,893
2, 306
466
270, 363
62, 388
42, 666
260, 357
67, 494
(i)
213,732
2, 349
276, 286
249, 398
53 804
40, 551
232 826
62, 751
(i)
190, 108
2,132
289,323
285, 239
72 522
52, 124
269 319
r 69, 599
1 3?8
206, 932
2 465
r
312, 208
r
71.055
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: J
Ammonia, synthetic anhydrous (commercial)
short tons__
Calcium carbide (commercial)
_
do
Carbon dioxide, liquid, gas, and solid
do
Chlorine, gas
do
Hydrochloric acid (100% HC1)
do
T/ead arsenate (acid and basic)
do
Nitric acid (100% HNO3)
do
Oxygen (high purity)
mil of cu ft
Phosphoric acid (50% HsPO^
_ _ _ short tons
Sodium carbonate (soda ash), ammonia-soda process
(58% Na2O)
short tons
Sodium bichromate and chromate
do
Sodium hvdroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)
short tons
Sodium sulfate, Glauber's salt and crude salt cake
short tons
Sulfuric acid:
Production (100% H2S04)
thous. of short tons.Price, wholesale, 66°, tanks, at works
dol. per short ton.Organic chemicals:
Acetic acid (synthetic and natural), production
thous. of Ib. Acetic anhydride, production
do
Acetvlsalicylic acid (aspirin), production
do. __
Alcohol, ethyl:
Production
-thous. of proof gal
Stocks, total
do
In industrial alcohol bonded warehouses
do ...
In denaturing plants
do
Used for denaturation__
do
Withdrawn tax-paid ._
do
Alcohol, denatured:
Production
thous. of wine gal
Consumption (withdrawals)
__
_.do
Stocks
do
Creosote oil, production
thous. of gal..
Ethyl acetate (85%), production .__ __thous. of Ib
Glycerin, refined (100% basis) :
High gravity and yellow distilled:
Production
do
Consumption
__
-do
Stocks
_
do
Chemically pure:
Production
do
Consumption
do
Stocks
_
do
Methanol, production:
Natural (100%) t
thous. of gal. _
Synthetic (100%)
do
Phthalic anhydride, production
thous. of lb..
232, 246
60, 295
58, 934
231,336
61,351
216, 786
56, 544
76, 725
243, 729
60, 122
323
149, 383
1,768
240, 009
211,310
54, 351
78, 407
245, 109
58, 210
0
162, 502
1,611
221, 223
222, 430
58, 435
77, 697
243, 403
59, 504
(i)
166, 192
1,723
232, 995
210, 938
59, 578
69, 420
244, 252
61,871
0)
167, 012
1, 694
219, 823
230, 098
60,915
59, 186
260, 052
64, 482
1, 539
148, 261
1,742
264, 979
249, 837
59, 984
65, 720
247, 890
63, 270
1,055
157, 705
1,823
263, 086
184,188
1,932
245, 893
193, 343
1,998
257, 550
253, 687
60, 516
44, 834
259, 445
66, 372
(i)
199, 140
2,214
264,317
404, 856
9,294
276, 481
413, 268
9,530
287. 773
378, 233
8, 968
289, 484
380, 061
7, 559
291, 039
374, 831
7,049
284, 240
390, 280
7, 263
286, 262
408, 559
8, 452
299, 587
399, 961
7,913
292, 587
385, 270
8,707
300, 604
385, 787
9,000
301, 769
359, 569
8,181
275, 326
420, 085
9 538
317, 245
49, 144
54, 730
50, 383
39, 073
39, 983
60, 910
55, 728
49, 760
53, 066
49, 451
50, 490
62, 841
64, 569
65, 409
62, 785
62, 457
62, 930
63, 000
71, 948
71, 116
71, 485
75, 973
69,511
73, 358
1,194
1,178
1,108
1,067
1,097
1,121
1,183
1,255
1,300
1,313
1,266
1,388
1,339
22.35
22.35
22.35
22. 35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22. 35
v 22. 35
37, 113
52, 836
1,337
31, 754
53, 336
1,072
30, 537
50, 342
1,227
38, 754
57,415
922
36, 111
61, 777
1,136
44, 691
69, 282
1,151
42, 002
69, 104
1,250
41,502
66, 302
932
41,069
63, 578
1,142
43, 071
67, 886
1,194
36, 944
60, 353
1,202
48, 100
78,590
1,509
35, 465
44, 330
24, 991
19,339
33, 676
644
36, 521
46, 549
25, 868
20, 681
32, 636
725
37, 304
51, 133
30, 780
20, 353
32, 357
835
34, 608
55, 777
35, 690
20, 087
27, 603
697
32, 850
57, 509
36, 443
21, 066
29, 956
923
30, 650
56, 552
35, 996
20, 556
29, 825
854
28, 793
53, 587
32, 887
20, 700
29, 733
941
33, 552
54, 089
33, 881
20, 208
32, 386
984
33, 651
53, 911
33, 636
20, 275
31,839
755
35, 304
52, 111
31, 705
20 406
35, 045
703
33 015
53 057
31,780
21 277
32 792
672
35,615
48 093
27, 300
20 793
37 855
997
37 784
49 717
27, 988
91 729
36 230
650
18, 172
18, 430
7,377
15, 750
7,849
17, 574
17,590
7,370
15,417
6,436
17,559
17, 446
7,483
15, 057
6,039
14, 906
15, 678
6,704
13, 151
5,376
16, 181
15, 878
7,002
9,188
6,212
16, 106
16,817
6,276
9,752
5,952
16, 060
16, 805
5, 512
9, 240
6,960
17,471
17, 368
5,500
8,992
7,125
17, 173
17, 340
5,434
10, 682
5,105
18 862
19, 346
4 934
9, 565
7,336
17 677
17, 174
5 455
8,934
8,395
20 404
20, 644
5 238
11,064
4,571
19 504
20 156
4 504
5,013
6,461
18, 422
5,475
6,685
18, 775
5,985
6,169
19, 201
3, 740
5,753
16, 791
4,086
5,460
15, 939
5,067
5,909
15, 005
4, 663
5, 922
13, 435
4,804
5,776
12, 782
4,981
5,873
11,856
(2)
(2)
(2)
13, 113
9, 229
29, 259
11,654
8,418
27, 120
14, 023
9,193
27, 161
10, 196
8,662
23, 520
12, 391
9,531
23,011
11, 964
9,499
20, 546
11, 631
9,279
17, 889
12,917
8,966
17, 445
15, 679
9,271
18 523
170
14, 079
23, 258
162
12, 905
20, 233
151
13, 147
19, 652
152
13, 735
18, 532
160
12, 979
19, 129
184
12, 896
22, 136
177
15,319
24, 647
163
16, 464
24, 072
176
16, 974
28, 376
0)
238, 463
58, 857
46, 477
250, 952
62, 998
0)
2
2
2
18 566
14, 836
30 073
(2)
(2)
(2)
2 17 275
2 14, 642
2 28 391
(2)
(2)
(2)
285, 760
71 723
935 158
59 351
201, 956
305 420
387 242
278, 266
(2)
(2)
(2)
2 20 032 3 ig 345
2 1 6, 306 2 15, 692
2 28 699 2 26 913
170
157
167
15,393
13 825
15 531
25, 798
24, 976
30, 450
T
Revised.
* Preliminary.
i Not available for publication.
2 Beginning January 1955, data for high-gravity and yellow-distilled glycerin are combined with chemically pure glycerin.
*New series. Compiled by the U. S. Departinent of Justice, Immigration and Naturalization Service. Data relate to the arrivals and departures of aliens, by sea and by air between ports
of the United States and noncontiguous foreign territory. These statistics do not include border crossers, seamen, military personnel, traffic between continental United States and insular
possessions, and cruise travelers. Data prior to 1953 will be shown later. (Old series covered emigrant and immigrant aliens only.)
9 Data beginning January 1954 cover 38 companies (those having an annual gross operating revenue of $1,000,000 or more). However, the smaller number of companies continues to account
for over 90 percent of the annual gross operating revenues of the industry.
{Revisions for 1952 (also 1951 for ammonia and hydrochloric acid) will be shown later.
SURVEY OF CUREENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-25
1954
April
July
June
May
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States) 9
Exports, totalt--Nitrogenous materials
Phosphate materials J
Potash materials
thous. of short tons
- - short tons
do
do
do
1,717
251, 877
13, 292
222, 210
10, 057
338, 215
Imports, totalt
do
243, 103
Nitrogenous materials, total
do
85, 533
Nitrate of soda
do
14, 898
Phosphate materialsj.
do
Potash materials
do
38, 073
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
53.00
port warehouses
dol per short ton
221, 249
Potash deliveries
short tons
Superphosphate (100% A.P.A.)d"
ar
220, 418
Production
short tons
Stocks, end of month_
do
«"188, 990
974
310,071
6,966
292, 538
8,526
434
264, 686
23, 762
227, 693
10, 716
171
306, 751
24, 293
268, 815
10, 112
152
400, 105
39, 477
346 419
11, 358
r
300
364, 339
29, 881
323 734
6 858
508
453, 853
20, 585
420 435
9,030
r
487
225, 276
32 820
177 964
12 214
369
291, 794
22 733
251 996
10 759
511
283, 845
49 490
216 270
10 529
786
313, 456
97, 057
172 074
21, 039
1 839
273, 003
59, 568
183 344
24, 519
249, 842
179, 333
67, 517
20, 591
8,079
231, 784
184, 599
104, 419
14, 157
3,049
111, 839
76, 583
35, 666
12, 532
7,595
141, 624
94 905
31 550
11,610
18 705
202, 152
139 914
37 439
9,175
31 925
155, 497
100 361
33 725
8,690
24, 381
196
159
52
13
19
532
750
302
502
340
214 033
189 058
84 555
8,986
5 498
227
189
59
9
12
564
995
359
294
868
236, 247
165 449
49, 463
11, 194
41 339
353 695
256 702
70 535
20, 126
48 161
53.00
100, 715
53. 00
124, 035
53 00
137, 309
51.25
167, 285
51 25
150 221
51 ^o
154 317
51 25
187 873
51.25
200, 115
51 25
266 832
159 330 184, 713 192 554
286, 856 r 277, 595 r 295 719
206, 309
326, 579
209 017
347 161
210, 165
347, 728
53.00
148, 040
r
r
53.00
80, 404
r
r
187,310 169, 497 136, 218 *• 151,945
204, 755 ' 254, 727 ' 282, 846»• 299, 071
r
r
r
1,650
51 25
235, 857
228, 764 234, 104
274, 227 222, 227
NAVAL STORES
Rosin (gum and wood) :
Production, semiannual total
drums (520 Ib )
Stocks, end of period
do
Price, gum, wholesale, "WG" grade (N. Y.), bulk
dol per 100 Ib
Turpentine (gum and wood) :
Production, semiannual total
bbl. (50 gal.)
Stocks end of period
do
Price, gum, wholesale (N. Y.)-- - ---dol. per gal
1, 005, 880
891 850
8.75
8.75
8.65
8.55
864, 190
798 590
8.80
8.65
8.75
.72
.72
.74
9 25
9 25
9.20
9 20
9.20
64
.64
289, 890
176 110
.64
.64
9 20
. 60
.60
.60
.60
.72
327, 910
181 710
.72
931
55, 918
786
55, 330
541
58, 489
527
55, 395
722
60, 424
754
59, 571
937
58, 619
1,083
57 824
980
53, 594
1 017
52 571
810
53,167
876
58 535
685
62, 651
445
3,190
465
3,193
455
3,203
472
3,259
462
3, 289
439
3,229
454
3,240
467
3,210
478
3,228
447
3,214
400
3,201
435
3,091
438
2,996
310, 169
118,886
262, 682
304, 763
119, 467
262, 393
309, 102
113, 337
245, 855
307, 271
89, 573
251, 266
310, 353
127, 022
233, 363
325,073
131,975
224,215
355,012
127,040
213,063
388, 542
129 907
223, 411
47, 681
28, 431
64, 371
49, 641
22, 606
69, 182
46, 879
24, 157
68, 982
46, 072
19, 147
72, 512
47, 026
23, 987
72, 888
46, 746
24, 267
71, 630
49, 362
28, 429
66, 338
53, 958
27 464
73, 142
55, 769
27 098
75, 025
2,066
13, 768
37, 253
8,317
11, 047
34, 753
19, 164
11, 407
44, 101
25, 903
11, 038
56, 026
13, 410
10, 269
51, 260
26, 732
13, 149
65, 710
12, 514
11, 340
56, 222
6,179
13, 625
66, 107
6,471
3 532
11, 074 r 3 8 275
63 560 3 5 l 494
475
521
429
495
382
445
366
346
380
416
440
435
599
532
579
536
551
521
547
524
487
489
493
564
441
486
915
1,307
793
1,223
709
1,150
629
1,086
593
1,018
575
933
599
924
677
834
669
799
674
806
671
689
645
714
617
703
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of Ib
High explosives
do
Sulfur (native) :
Production
thous. of long tons
Stocks (producers')..
_
do
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production J
___
thous o f l b
Consumption, factory
do
Stocks, end of month.
do
Greases:
Production.
__ __ ._
do
Consumption, factory
do
Stocks, end of month
do
Fish oils:
Productiont ._
_
do
Consumption, factory
do
Stocks, end of month
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production, crudej
mil. o f l b
Consumption, crude, factory t
do
Stocks, end of month.-f
Crude
do
Refined §
do
426, 037 i 465 537 1417,837 i 454, 822
129, 738 1 193 206 1 197, 710 1 203 837
254, 218 i 412 194 i 415, 127 1 415, 106
C2)
(2)
3
410, 136
196, 426
409, 530
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
1
1
1
(2)
(2)
r
3 1, 255
3312
3 345
3 8, 391 3 10, 564 3 12, 618
47, 554 3 46 141 3 35, 221
78, 866 110, 593 155, 012 150, 178
72, 232
40, 636 120, 900 126 097 124 960 107 563 168 758
Exports
thous of Ib
27 248
33, 892
28, 839
43, 053
39, 926
43, 901
54, 026
38, 281
45, 306
Imports, totalt
do
47, 032
34, 006
40 233
40 051
5,731
9,017
4,402
1,410
2,078
1,058
3,868
6 858
6,607
Paint oils
do
1 40?
3 058
2 049
34, 036
27, 429
35, 525
28, 160
41,823
52, 968
34, 413
All other vegetable oilsf
do
38, 448
40, 425
30, 948
38, 832
38 002
Copra:
26, 871
27, 480
27, 599
29, 949
24, 327
33,811
30, 072
27 678
Consumption, factory
short tons
31 089
22 415
25 257
28 344
29 211
8,181
10, 433
14, 877
16, 446
20, 446
21, 808
Stocks, end of month
__
do
16 674
15 736
27, 508
16 133
16 053
15 313
16 579
31, 106
34, 208
19, 201
27, 726
24, 558
34, 016
29, 533
24 998
Imports
do
24 148
19 810
34 819
25 448
Coconut or copra oil:
Production:
35, 863
34, 925
35, 481
38, 165
31,097
43, 159
38, 365
Crude
thous o f l b
33 216
35 537
40 438
28 737
36 068
36 747
32, 939
23, 211
30, 122
32, 263
30, 092
30, 698
32, 933
Refined
do
25 685
27 441
28 240
27 596
32 005
28 899
Consumption, factory:
35, 503
50, 243
46, 730
48, 879
45, 419
47, 974
49, 276
Crude ___
do
40 851
43 342
43 043
41, 950
49 801
43 613
27, 072
28, 659
30, 309
20, 608
28, 561
27, 433
28, 770
Refined
do
22 382
25 021
27 496
24 327
28 476
24 231
Stocks, end of month:
45, 345
52, 308
44, 313
52, 334
43, 216
52, 343
48, 770
Crude
__
do
63, 336
68, 733
73 996
61 012
68 573
68 715
8,884
9,314
10, 121
10, 437
10, 950
9,982
10,318
Refined
do
11 129
11 772
10 344
11 054
11 982
11 844
9,905
14, 648
9,741
9,448
13, 524
14, 665
16, 277
Imports
do
6 402
14 617
12 225
18 019
10 459
Cottonseed :J
28
22
21
449
128
1,243
1,503
1 142
Receipts at mills
.
thous. of short tons
488
13
84
119
36
470
207
356
250
270
532
684
Consumption (crush)
do
514
659
438
609
318
598
891
229
556
307
428
Stocks at mills, end of month
do
1,959
1,140
2,442
1,412
2,321
1 842
705
1 010
Cottonseed cake and meal:t
219, 851 161, 713 126, 729 103, 175 121, 257 260, 531 330, 412 320 340 294 034 293 109 254 430 218 928 154 119
Production
short tons
177, 739 193, 472 198, 062 203, 321 188, 910 204, 976 243, 422 251, 547 245, 510 242, 133 257, 064 278,' 909 273, 098
Stocks at mills, end of month§
do
Cottonseed oil, crude :J
82, 890 165, 418 219, 744 215,781 196, 923 196, 278 169, 946 150, 978 110, 834
94, 884
77, 097
Production
thous. of lb-_ 161, 955 124, 212
129, 705
42, 249
84, 728
54, 013
35, 881
Stocks, end of month
do
70 954 105, 742 144 267 146 394 141 494 145 221 125 738 106 593
Cottonseed oil, refined:
178, 107 151, 578 106, 431
82, 186 108, 518 161, 362 161 193 157 682 159 433 141 252 161 402 117 110
78, 738
Production t
do
176, 259 174, 462 139, 760 108, 802 147, 206 154, 430 148, 136 156, 937 146, 167 144,' 295 141, 288 138, 285 119,302
Consumption, factory %
do
38, 113
33, 425
29, 253
24, 141
27, 384
In margarine}: _
._do
33, 553
38, 980
28, 524
25 294
28 949
33 557
29, 997
19 165
1,155
954
1, 069
996
888
817
713
668
825
Stocks, endof month§t
mil. of l b _ _
661
546
562
568
.213
.213
.224
.219
.224
.203
Price, wholesale, drums (N. Y.)
dol. per lb_.
.210
.215
.204
.206
.206
.198
.199
' Revised.
* Preliminary.
Beginning 1955, data include greases (other than2 wool) and both crude and refined products (except that production figures exclude refined lard); refined
products (not included prior to 1955) are no longer reported separately from crude.
1955, data
"Beginning
^
' are included with animal fats; see note
' 1.
'
" Beginning 1955, data may include
some refined fish oils (not formerly included); figures included for consumption and stocks of cod, cod-liver, and other liver oils are incomplete.
9 States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1954—January-March, 305; April-June, 315: July-September, 78: October-December, 81; 1955—January-March, 287.
JRevisions for 1952 will be shown later.
cFA. P. A. (available phosphoric acid).
§ Includes stocks owned by the Commodity Credit Corporation (beginning January 1952 for refined oil and from May 1953 through June 1954 for cake and meal).
« Revisions for January-March 1954 (short tons): Production—183,386; 190,628; 232,402; stocks—305,019; 284,933; 237,024.
SUEVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 1955
1954
April
May
June
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Con.
Flaxseed:
Production (crop estimate)
thous. of bu._
Oil mills:
Consumption
do
Stocks, end of month
. do __
Price, wholesale, No. 1 (Minneapolis)_dol. per bu._
Linseed oil, raw:
Production
thous. of Ib
Consumption, factory
_
__do __
Stocks at factory end of monthcf
do
Price, wholesale (Minneapolis)
dol. perlb._
Soybeans:
Production (crop estimate)
_ _
thous. of bu.
Consumption, factory _
__do
Stocks end of month
_
do
Soybean oil:
Production:
Crude
thous. of Ib
Refined
do
Consumption, factory, refinedcf__
do
Stocks, end of month:
Crude
do
Refinedc?1
do
Price wholesale, refined (N. Y.)
__dol. per lb__
Margarine:
Produetiond"
.
___thous. of lb._
Stocks (factory and warehouse) <f
do
Price, wholesale, vegetable, colored, delivered
(eastern U S )
dol. per Ib
Shortening:
Production
- thous. of lb_
Stocks end of month _ _ _
do__ -
1
1,954
1,359
3.92
2,079
41, 534
3.99
2,248
1,179
3.88
2,596
1,782
3.63
3 545
1,946
3.47
4 058
2 718
3.41
3 575
4 009
3.39
2 988
6,085
3.37
2 75?
5,29?
3.38
2 341
4 550
3.35
1 884
4,276
3.36
3,138
2, 559
3.25
1 861
1, 654
3.24
38, 784
37, 349
438, 266
.141
40, 343
35, 141
375, 137
.142
44. 293
39, 263
331 862
.153
50, 223
41, 176
231, 572
.160
69, 697
43,111
218 100
.160
79 719
53 989
224 903
.152
68 821
41 254
195 183
.145
58 487
44, 051
214 023
.135
54, 165
39, 68?
186 697
.126
46 204
34 933
181 927
.123
37 058
40, 974
164 731
.125
59 703
43, 533
171 597
.123
36 801
45 085
161 853
.124
17,649
43, 209
17, 546
33. 454
15,437
24, 598
15,361
15, 321
14, 795
4,894
11,140
9 218
21, 735
37 312
22, 197
50, 740
342 795
21,181
44 613
21, 483
33 243
19, 777
24 355
19, 525
17, 549
20, 031
12 912
194, 526
180,911
187, 113
193, 327
186, H97
182, 924
171,614
175, S31
180, 938
173, 189
127, 217
146, 845
166 116
171 296
169, 920
125 318
148 712
169 341
235 894
198 863
200 722
239 625
210, 262
204, 223
227 765
204, 180
196, 475
230 957
205 325
192 795
214 068
187 174
185, 616
210 643
219 803
219, 097
218? 083
199 755
194 676
142, 208
98, 429
.204
127, 599
103, 331
.204
114,142
96,919
.209
132, 221
78, 743
.209
117,683
78 679
.213
73 503
53 722
91,115
54 679
96, 887
59, 988
.192
109 016
66 755
.195
118 602
80 090
194
128, 114
73, 078
.194
107, 732
68,183
.187
104 438
66 197
203
118, 586
21,219
102, 844
25, 462
90, 334
24, 643
87, 339
22, 810
105, 344
23, 762
118 051
19 824
117,979
23 615
134, 717
19, 952
116, 346
27, 279
124 476
2 23 763
119, 803
2
25 467
125, 781
2
28 390
104 407
2
26 428
596
1
203
r
186
.273
.283
.283
.283
.283
283
270
.267
273
273
.273
273
°73
180, 323
83, 881
177, 934
96, 309
151,717
115, 786
112, 336
98, 826
160, 463
104,414
164 422
96 260
182 323
108, 083
186, 148
106, 657
178, 888
122, 760
172 515
119 826
168, 263
128, 537
187 778
2
150, 179
159 921
158 191
124, 629
46, 778
77,851
123, 071
45, 275
77, 796
131, 926
46, 531
85, 395
118,024
41, 182
76, 842
121, 584
45, 042
76, 542
114.934
42 925
72, 009
107, 498
43 390
64, 108
103, 132
43, 448
59, 684
93, 633
41,811
51, 822
109, 796
45 017
64, 779
2,716
6,478
2,812
5,370
3,323
6,416
1,894
5,193
2,962
7,134
3,430
7,840
3,074
7,520
3,096
7,350
332
416
316
508
3, 662
6,470
3 290
6,908
36?
586
33 519
37, 352
19, 588
44 389
27 411
9,767
27, 773
33 057
39, 196
21, 132
48, 970
27 943
9,702
32, 671
32, 893
36, 495
21. 281
46, 532
28 487
10, 259
33, 204
33 010
35, 205
20, 344
49 773
30 285
9 209
36, 105
2
2
3.34
2
PAINTS, VARNISH, AND LACQUER §
Factory shipments, total
Tndustrial sales
Trade sales
_
_ _
.- thous. of doL.
-do
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods, and tubes
thous. of lb__
Molding and extrusion materials
do
Nitrocellulose sheets rods, and tubes
do _
Other cellulose plastics _ ,
do
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
554
428
483
401
31, 567
36,889
17, 892
43, 413
31,055
11,473
25, 448
431
430
32, 805
35, 039
18, 630
42, 163
30, 152
12, 138
25, 500
29, 592
33, 250
18,174
43,814
31, 988
10, 344
23, 722
271
371
366
548
21, 680
28, 086
13, 371
36, 486
28, 004
9,760
22, 342
28, 824
31,808
18, 073
34, 341
27 540
9,396
26, 581
329
452
104, 023 '133,311
44 363 rr 54 072
59, 660
79 239
3,215
7,177
4,281
7,422
364
559
483
744
34 394
36 860
20, 698
53 782
31 441
11 353
35, 806
37 195
36 360
20, 676
51 650
r 31 909
10 478
r
37, 041
41 459
43 905
24, 956
59 767
38 899
12 126
42 259
414
553
r
T
135, 089
53 201
81*888
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial) , total
mil. of kw.-hr _
Electric utilities, total
do
By fuels.
_
_-do
By water power
_
_ do _ _
Privately and municipally owned utilities
Other producers (publicly owned)
do
_ 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 _ _ .
42, 857
36, 835
26, 925
9,910
43, 529
37, 429
27, 079
10, 350
44, 975
38, 901
29, 315
9,586
45, 969
40, 077
31,319
8,759
47, 196
41,167
32, 825
8,342
45, 529
39 547
31,743
7 805
46, 709
40 456
32, 624
7,832
46, 464
40 217
32, 101
8 116
49, 887
43 427
34, 379
9 048
50, 404
43 955
34 526
9 429
46, 269
40 230
31 659
8 571
51,153
44 449
34* 051
10 399
48 376
42 035
31 567
10* 468
30, 913
5,923
31,007
6,422
32 535
6, 366
33 279
6,798
34 274
6,893
32 978
6 569
33 989
6 467
33 ggg
6*329
36 285
7 142
36 294
7 661
33 230
7 000
36 248
8 201
34 2^7
7 778
6,021
5,573
6, 100
5,672
6,074
5,681
5,892
5, 556
6 030
5, 709
5 981
5*678
6 253
5,922
6 247
5' 876
6 460
6 040
6 448
Q 139
6 039
5 74?
6 703
6 375
'329
6 341
6 017
427
448
' 32, 931
* 32, 531 ' 33, 164
r
5, 685
' 16, 027
393
r
' 5, 694
16, 234
335
' 33, 894
r
r
6, 002
16, 602
r
' 6, 499
16, 343
321
r
35, 061
' 6, 668
' 17,060
30?
331
371
421
309
35, 392 ' 37, 092
38, 198
' 35, 148
'
' 6, 659 ' 6, 379 ' 6, 141 ' 6, 279
6,384
' 17 172 ' 17 553 ' 17 694 ' 18 250 18 414
'35,198
r
Railways and railroads.. _ ..
...do ...
'403
'360
'379
'350
'351
'349
391
'364
8,163
Residential or domestic
...do ...
8,942
8,321
8,425
8, 723
8,588
9,200
8,740
945
1,170
818
Rural (distinct rural rates)
do
756
1, 236
'895
1,118
720
273
282
Street and highway lighting
do
311
290
364
389
305
328
T
769
Other public authorities
__do
763
747
773
801
'804
798
813
r 44
r 44
Interdepartmental
do
'52
'48
'50
'52
'51
'49
Revenue from sales to ultimate customers (Edison
Electric Institute) \
.
thous. of dol ... ' 585, 775 ' 579, 312 ' 587, 689' 604, 006 '616,891 '621,259 ' 618, 463 r 620, 428
440
10, 203
637
417
820
'46
437
11,071
601
421
829
40
296
304
37, 654
6,311
18 133
399
10 958
605
379
822
48
644, 528 660,153 655, 779
l
2
' Revised.
» Preliminary.
December 1 estimate of 1954 crop.
Beginning January 1955 excludes quantities held by consuming factories. Comparable data for December 1954
(units as above): Margarine, 26,960; shortening, 119,597.
cf Revisions for 1952 for linseed oil and soybean oil and for September 1951-September 1952 for margarine will be shown later.
§Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
^Revisions for January-March 1954 will be shown later.
SUEVEY OF CUREENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-27
1954
April
May
June
July
August
1955
Septem- October Novem- DfC°mber
ber
ber
January
February
March
April
May
ELECTRIC POWER AND GAS—Continued
GAS
Manufactured and mixed gas (quarterly) :cf
Customers, end of quarter, total
thousands-Residential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers total
milc 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
Natural gas (quarterly) :d"
Customers end of quarter total
thousands
Residential (incl house-heating)
- do
Industrial and commercial
do
Sales to consumers total
mil. of therms. Residential (incl house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers total thous. of dol
Residential (incl house-heating)
do
Industrial and commercial
do
5,876
5,447
427
808
502
299
109, 536
78, 500
30,400
5,831
5,408
421
536
280
252
77 386
52, 728
24 239
5,763
5,341
420
840
545
289
114, 157
83. 301
30 242
21,220
19, 546
1,648
13, 198
3,755
8,873
575, 082
314, 607
246, 605
21, 344
19, 707
1 611
11, 237
1 577
8 989
410 366
166, 266
328 550
22, 027
20, 257
1,742
15, 243
4 692
9 754
691 519
384, 838
286 716
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
8,556
9,302
9,551
8,370
7,949
5,772
6,176
5,638
7,899
6,986
6,486
6 216
Production
thous of bbl
7,239
8,886
8,112
7,011
8,659
6,142
6,475
5,330
7, 138
6,902
5 388
6,440
Tax-paid withdrawals
do
11, 541
11, 658
11, 846
10,680
11, 391
10, 074
10, 779
9,647
10, 193
9,506
9,162
9,573
Stocks, end of month
_ __ _ .
do
Distilled spirits:
9,523
13, 881
14, 137
8,747
14, 688
26, 958
15, 787
13, 753
21, 586
15, 671
16, 024
13, 267
Production _. - -.. thous. of tax galConsumption, apparent, for beverage purposes
15,365
13, 780
14, 975
14,519
13, 753
15,803
17, 792
19, 541
15,768
23. 00?
12, 333
12,949
thous. of wine gal._
9,604
12,056
9,805
1 2, 030 11,858
15, 722
13, 487
10,007
13, 403
15,883
8, 654
10, 667
Tax-paid withdrawals
thous. of tax gal_.
864, 01 7 864, 001 864, 328 863, 5£3 861,034 854 556 848, 142 844 415 840 716 842 588 843 285 842 565
Stocks end of month
do
1,389
1,521
1,694
1,761
1,496
2,344
1,374
3,151
2,006
1,802
2 444
1 307
Imports
thous. of proof gal
Whisky:
5,741
9,586
9,366
5, 057
9,800
9,263
6, 355
10,725
11, 578
9,470
8 239
Production
.thous. of tax gal
10, 286
4,129
5,748
4,898
5,998
5,738
8,610
7,292
7 027
6 022
4 742
Tax-paid withdrawals
do
8 907
5 609
718, 726 719,567 720, 699 721, 020 719, 114 715,191 712,017 710, 071 '707 355 708 242 709 665 710, 970
Stocks, end of month _ _
do
1,388
1,288
1,551
1,616
1.316
1,834
2,123
2,891
1,162
1,258
1,613
2.209
Imports
_. .
thous. of proof gal
Rectified spirits and wines, production, total § !
5,457
6,875
5,304
6,608
7,091
10,036
7,852
5,485
7,164
9,821
4,701
6,224
thous. of proof gal_
4,825
6,008
5,825
6,112
4,506
8,910
6,957
6,445
Whiskv.--.
-.
do
8,868
4 012
4,907
5 500
Wines and distilling materials:
Sparkling wines:
59
223
186
117
108
49
85
118
Production!
- thous of wine gal
160
143
227
105
67
95
74
112
97
159
158
192
112
Tax-paid withdrawals:}:..--do
83
107
229
1,458
1,418
1,449
1,296
1,478
1,335
1,259
1,175
1 072 T \ 304 r 1 333
Stocks, end of month t
do
1 036
29
29
44
44
35
41
Imports
do
53
108
79
30
33
127
Still wines:
936
1,114
3,398
1,404
891
26, 985
65 505
20 795
1 926
Production t
do
1 620 1 1 945
3 62,Q
1
9,072
9,842
9,873 11,899
10,444
Tax-paid withdrawals?
_
do
10, 469
12, 299
12 726
9 999 i 10 123
13 167
12 698
Stocks, end of month !..
_,_
_ do
159, 748 150, 758 140, 525 130, 885 123,334 139, 287 195, 813 202, 620 192 400 1 182 237 1 172' 024 1 160, 347
332
494
364
582
424
792
544
Imports
do
459
402
555
410
733
1,590
593
486
61,975 119, 756
5, 501
9,020
Distilling materials produced at wineries.!.- do _ _
40, 197
3, 204
1 938
6 212
1,737
DAIRY PRODUCTS
Butter, creamery:
141, 955 164, 520 160, 855 129, 685 109, 355 92, 600
Production (factory)!
. -thous. of Ib
87, 825
86, 835 96 975 107, 240 101, 750 119,380 127,980
Stocks, cold storage, end of month
do
375, 584 421, 997 468, 453 503, 921 508, 476 488,618 463, 183 423, 347 378,610 341, 655 314, 568 311, 462 293, 156
.578
.577
.595
.583
Price, wholesale, 92-score (New York).. dol. per lb_.
.575
.579
.600
.601
.579
.583
.579
.579
.581
.608
Cheese:
91,815 85, 690
Production (factory), total t
thous. of lb_- 131, 790 158,515 155 035 127, 180 109, 575
82, 530
93, 295
89, 370
90, 400 110,940 126,430
101,410 126, 325 124, 255 100, 160
84, 005
67, 135
60. 540
57, 180
American, whole milk!
do
96 680
64 085
63 450
80 760
61 150
Stocks, cold storage, end of month, total
__do
487, 209 521, 763 567, 541 607, 993 613, 238 613,146 595, 953 579,933 548, 850 522, 676 499, 742 493, 433 499. 527
American, whole milk.
do
460, 566 494, 770 538, 051 572, 290 578, 765 580, 089 564, 533 549,511 518 879 492 833 470 092 462 949 466 130
2,562
Imports
do
4,236
2,934
4,851
4,972
6,664
4,510
4 558
5 111
3 509
3 502
5 10()
Price, wholesale, American, single daisies ("Chi.371
.375
.372
cago)
.dol. perlb..370
.376
.369
.379
.378
.374
.369
.370
.370
.370
.368
Condensed and evaporated milk:
Production, case goods:!
1, 950
Condensed (sweetened)thous. of lb__
2,480
1, 660
2,570
1,730
1,930
2,175
1,560
2, 625
2,950
2,030
2,175
2,150
244, 100 315, 300 307, 500 265, 000 239, 500 188, 000 158 750 151 250 154 500 164 000 174 800 230 350 256 500
Evaporated (unsweetened) . . _ _ _ _ _
do
Stocks, manufacturers', case goods, end of month:
4,723
5,373
5,242
Condensed (sweetened)
thous. of Ib
5, 134
4,762
5,113
5,010
4,934
3 773
4 775
3 895
4 569
5 783
Evaporated (unsweetened)
.
do___
127, 708 231, 456 320, 487 381, 143 410, 355 410. 170 355, 473 290,624 206, 519 143, 494 104, 537
97, 640 135, 026
Exports:
89
Condensed (sweetened) _ _
do
96
164
77
27
0
22
267
453
52
53
19
13, 120
12,312
E vapo rated (unsweetened)
do
8,901
11,923
14, 773
10, 488
8,307
10, 526
11, 373
8,227
14, 079
18, 061
Price, wholesale, U. S. average:
5.50
5.44
5.39
Evaporated (unsweetened)
.dol. per case. .
5.54
5.45
5.55
5.56
5.56
5 56
5 56
5 56
5 57
5 57
Fluid milk:
11, 558
Production!
mil. of lb._
12. 999
11. 280
10, 474
9,369
8,474
12. 600
9,021
8,841
9,105
8,884
10, 447
11, 264
13, 088
4,542
(Jtilization in mfd. dairy products
do
4,744
5, 654
3,904
3,044
5,528
3,272
2,960
3,249
3,520
3,396
4,485
4,095
4.61
4.72
4.75
Price, dealers', standard grade
dol. per 100 Ib
4.82
4.58
4.96
5.01
5.03
5.03
4.98
4.93
4.84
4.66
4.71
Dry milk:
Production:!
Dry whole milk
-__thous. of lb__
8,730
9,975
10, 500
7,175
10, 660
6,800
6,640
6,100
7,100
7,250
6,400
8,150
8,700
Nonfat dry milk solids (human food)
do
140, 200 166, 000 155, 000 112, 250
65, 775
83, 500
66, 250
65, 350
84, 800
95 400
90 400 112 000 130 250
Stocks, manufacturers', end of month:
Dry whole milk
do
12, 910
8,692
10, 433
11,956
8 415
10, 783
9,624
8 615
8 245
8 238
6 712
7 678
7 477
Nonfat dry inilk solids (human food)
do
91, 505
83, 977 106, 706 112, 120
54, 159
43, 804
71. .584
40, 796
51,250
55,' 826
60, 918
64, 126
88, 341
Exports:
Drv whole milk
do
4,906
5,729
4,322
4,286
4,178
3,724
2 821
2 243
3 616
3 130
2 982
3 830
Nonfat dry milk solids (human food) _ _ do
4,655
4,782
17, 231
8,080
31, 787
10, 445
6,054
5,354
13 830
25' 699
2 61 7 35 616
Price, wholesale, nonfat dry milk solids (human
food), U. S. average
.
dol. perlb__
.146
.143
.145
.142
.151
.154
.153
.154
.155
.154
.154
.153
.153
r
Revised.
1 Data include vermouth and aperitif wines other than vermouth.
cf Revisions for 1952 appear in the October 1953 SURVEY; those for the 1st and 2d quarters of 1953 are available upon request.
§Data beginning July 1954 exclude production of wines and vermouth; for July 1953-June 1954 such production totaled 41,000 gallons.
!Revisions for July 1952-March 1953 for rectified spirits, etc., and wines and distilling materials appear in the June 1954 SURVEY; those prior to 1954 for other indicated items will be
>hown later.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 1955
1954
April
May
June
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
Shipments carlot
Stocks, cold storage, end of month
thous. of bu.
no. of carloads. _
thous. of bu..
Citrus fruits, carlot shipments
no. of carloads..
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
_ thous. of lb__
Fruit juices
do
Vegetables
do
Potatoes, white:
Production (crop estimate)
thou 5 of bu
Shipments carlot
no. of carloads.
Price, wholesale, IT. S. No. 1 (New York)
dol per lOOlb
1
2,395
3,267
1,896
1,302
848
440
501
162
197
245
834
6,959
3,435
30, 896
2,787
30, 995
103, 773
•• 2, 886
24, 878
2,471
18, 975
2,413
13, 194
2,498
7,793
r
2, 187
4,129
1,865
11, 214
11,418
9,217
6,697
4,743
4,422
5,027
7,269
11,610
9,445
8,678
9,503
* 9, 304
9,310
210,331
432, 475
469, 983
199, 389
528, 678
445, 851
221, 65S
500,819
443, 724
336. 630
458, 007
492, 594
374, 543
401, 550
602, 309
399, 606
338, 537
698, 084
413, 657
294,319
709, 915
399, 410
253, 837
689, 266
377, 950
248, 001
649, 321
348, 163
296, 333
576, 981
309, 152 '•268,216
357, 503 386, 726
505, 428 r 456, 995
222, 172
445 222
422, 162
19, 664
20, 529
21,142
12, 549
11,887
14, 864
15, 992
12, 788
i 355, C99
14, 141
18, 281
16, 750
22, 498
r
3.500
3.981
3.375
4.054
4.835
3.089
3.400
3.663
3.698
3.225
3.342
30, 062
32, 625
27, 907
31,570
26, 962
21, 842
29, 743
29, 395
41, 106
35, 658
43, 297
52, 778
3. 750
r
20, 865
18, 485
7 170
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
Prices, wholesale (Minneapolis):
No 2, malting
No 3 straight
Corn:
dol. perbu..
do
Orindings wet process
Peceipts principal markets
Stocks, domestic, end of month:
Commercial
thous of bu
do
do
Exports including meal
thous of bu
Prices, wholesale:
No. 3. yellow (Chicago)
dol. perbu.Weighted average 5 markets, all grades
do
Oats:
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
thous. of bu._
do
Exports includins' oatmeal
do
Price, wholesale, No. 3, white (Chicago) . dol. per bu..
7,594
6,531
7, 685
8,238
28, 856
17,168
14, 376
1370,126
10,070
15, 140
7,119
6,500
11,932
20, 050
24, 258
26 946
16, 321
8,975
10,311
7,140
9,112
27, 141
23, 121
19, 701
16, 975
1.421
1.291
846
872
9.121
2 35. 290
2, 507
4,927
1,825
23, 495
226, 695
2,791
3,214
3, 160
27, 51 7
165, S05
4,201
1,326
3,761
21,184
117,470
5 019
1.505
1.396
1.518
1. 456
1.490
1.375
1.456
1.323
1.397
1 290
1.429
1.328
1.454
1.378
1. 456
1.364
1.420
1. 290
1.441
1.350
1.431
1.413
1.439
1.342
1.443
1.342
11,127
22, 798
10, 263
25, 835
10, 326
25,151
10, 041
24, 105
10 609
29, 369
10. 918
21 , 352
12, 163
21,371
12, 102
53, 835
1 2, 965
11,670
30, 975
10, 954
27, 831
10, 836
19, 423
11, 949
15, 530
10.621
13, 028
18, 433
21, 704
16, 984
12, 866
14. 831
20, 560
50, 873
62, 809
63, 192
46, 385
41, 250
1.460
1.439
1.482
1.487
8,221
7,101
15. 945
989.8
5,098
5,185
6,912
18, 052
359. 3
3,629
4,977
3,853
60,218
2, 070. 2
9,569
7,226
9,840
56, 511
1,410 0
11,434
1.571
1.504
1. 585
1.532
1.610
1.577
1.614
1.581
1. 652
1.610
1.639
1.601
1.540
1.522
1.481
1.462
1. 522
1.450
1.524
1.448
1.495
1.434
1. 463
1.390
4,602
5,818
7,241
16, 842
25, 750
10, 638
7,231
7,840
i 1. 500
10, 510
12, 704
8,193
7,159
5,392
6,629
4,750
4,600
4,872
2202,778
209
118
.763
.770
11,729
24, 900
26, 377
1, 182, 323
345
272
.758
.721
26, 278
19,992
20, 448
20, 499
15, 866
14, 515
348
.786
779
.851
1,862
.814
1,260
.797
17, 887
553, 252
3,061
.771
.712
.708
52, 410
36, 159
36, 656
29, 573
145, 678
36, 349
93, 881
29, 233
85,457
33, 125
31,945
28, 489
129, 028
70, 745
125, 049 119, 108
133, 373 * 101,451
142, 168
93, 542
227
.792
217
.708
2
Rice:
20, 055
922, 637
701
.839
i 58, 853
California:
Receipts, domestic, rough
. . _ thous. of Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month __ __ . _ . . _
thous. of Ib
Southern States (Ark., La., Tenn.,Tex.):
Receipts rough at mills
thous of Ib
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of month
mil of Ib
Exports
thou*' of Ib
Price wholesale head clean (N O ) dol per Ib
84, 516
66, 150
61, 873
48, 757
54, 741
47, 454
43, 304
35, 968
36. 832
100, 069
37, 382
124, 217
51,924
102, 436
48, 217
118, 490
573.7
88, 483
.090
390.6
102, 422
.090
327.3
47, 048
.085
272.0
42, 229
.086
667
8,953
1.116
921
8,782
1.101
1,684
8,445
1.061
1,006
11, 708
1.250
11,471
28, 807
10, 373
7,676
13, 287
11, 861
66, 674
96, 857
117,630
109, 027
127, 276
85. 952
67, 491
447, 848 1,113,665
172, 842 216, 034
721,412
197, 656
173, 728
121, 645
62, 941
98, 056
50, 954
113, 344
61, 315
112,015
58, 409
133, 727
18, 276
115, 091
361.3
74, 435
.075
821.8
112, 973
.074
1,071.8
98, 694
.083
1,049.6
61, 983
.094
987.9
44, 623
.094
916.5
42, 515
.094
784.8
25,011
.094
653.8
112,005
.094
v .105
1,310
12, 115
1. 275
853
12, 047
1.428
1,042
12, 161
1.370
1,108
11,662
1.321
i 23, 688
921
10, 94C
1.300
1,296
8,984
1.420
419
9, 374
1.396
206
8,779
1.322
8,498
1.246
3 25 786
291
6,625
1.233
Rye:
Receipts, principal markets
do
Stocks, commercial, domestic, end of month. ..do
Price, wholesale, No. 2 (Minneapolis) .__dol. per bu._
Wheat:
Production (crop estimate) total
mil of bu
W^ inter wheat
Receipts, principal markets
do
thous. of bu..
Stocks, end of month:
Canada (Canadian wheat)
do
United States domestic total cf
mil of bu
Commercial
. thous. of bu
Interior mills, elevators, and warehouses
Merchant mills
On farms
Exports total including
Wheat only
19, 660
26, 953
348, 139
339, 201
295, 060
291, 191
do
do
2
2
do
do
flour
r
20, 768
17, 249
24, 535
21, 524
60. 332
228, 888
105, 576
54, 867
349, 007 379, 215
2901.9
296, 715 394, 609
365, 638
414, 580
331, 619
2
63r 829
2 99, 038
20, 092
17, 089
29, 456
22, 438
335, 421 334, 158
1. 676. 6
422, 772 413, 494
337, 675
47, 508
195, 401
387, 159
20, 896
17, 379
17, 952
14, 960
15, 075
12, 074
20, 924
17, 082
21, 603
17, 527
2g9
28,032
19, 823
27, 482
254 125
24, 105
354. 877 357, 151
1, 465. 9
374, 369 366, 942
348, 267
333, 891
1 212 4
351, 913
328, 052
322, 419
351, 749
364, 404
2.668
2.461
2.204
2.593
2.742
2.531
2.278
2.666
356, 237
26, 193
22, 331
428 636
101 468
207 920
24, 455
21, 036
27, 924
23, 846
33, 109
28, 184
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.708
2.620
2.669
2.642
2.643
2.747
2.578
2.758
2.729
2.695
2.756
dol. per bu.2. 439
2.411
2.324
2.352
2.370
2.447
2.153
2.465
2.443
2.389
2.410
No. 2, hard winter (Kansas City)
do .
2.105
2.147
2.266
2.210
1.852
2.280
1.967
2.101
2.338
2.162
2.230
No. 2, red winter (St. Louis)
do
2.672
2.544
2.358
2.678
2.589
2.646
2.578
2.293
2.635
2.659
2.610
Weighted avg.. 6 markets, all grades.
_do
r
l
Revised.
* Preliminary.
December 1 estimate of 1954 crop.
2
3
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for com).
June estimate of 1955 crop.
9 Bags of 100 Ib.; prior to the October 1953 SURVEY, data were shown in thous. of bu. of 45 Ib.
d"The total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the
610.1
3
845 2
33 206 0
639 2
38, 436
i 969. 8
i 179. 0
i 790. 7
25, 923
211, 230
518, 051
126, 382
315,689
539, 152
158, 981
429, 474
72, 047
2.708
2.456
2.205
2.603
breakdown of stocks.
SURVEY OF CURRENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-29
1954
April
May
June
July
1955
August SeptemOctober November
ber
December
January
February
March
April
May
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous. of sacks (100 lb.)_
Operations percent of capacity
Offal
short tons__
Grindne^ of wheat
- thous. of bu_
Stocks held by mills, end of quarter
thous. of sacks (1001b.)__
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (100 lb.)~
Winter hard, short patents (Kansas City)..do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. of animals
Cattle
--d°Receipts, principal markets
___do
Shipments, feeder, to 9 corn-belt States
do
Reef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves voalers (Chicago)
do
Hoirs:
Slaughter (federallv inspected)
thous. ofanimals._
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb_.
TTog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog__
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals...
Receipts, principal markets
_
_ _ _do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs average (Chicaeo)
dol. per 100 Ib
Lambs, feeder, good and choice (Omaha)
do
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil o f l b
Stocks (excluding lard), cold storage, end of month
mil. of lb-_
Exports
- - do
Beef and veal:
Production (inspected slaughter) __ _ .thous. o f l b
Stocks cold storage, end of month
do
Exports
- do
Priop, wholesale, beef, fresh, steer carcasses, choice
(GOD- ~00 Ihs) (New York)
dol per Ib
Lamb and mutton:
Production (inspected slaughter)
thous. of l b _ .
Stocks, cold storage, end of month
do
Pork, including lard, production (inspected slaughter)
thous. of l b _ ^
Pork, excluding lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
..do
Export^
do
Prices, wholesale:
TTams smoked composite
dol, per Ib
Fresh loins, 8-12 Ib. average (New York)
do
Lard :
Production (inspected slaughter)
thous. o f l b
Stocks, dry and cold storage, end of monthf-.-do
Exports
do
Price, wholesale, refined (Chicago)
dol. per lb_.
17,217
73.5
339, 250
39, 874
16, 685
74.9
327, 804
38, 582
18,041
77.4
363, 478
41,913
18, 022
77.2
361, 956
41, 902
18, 786
80.4
380, 751
43, 752
19, 733
88.2
397, 086
45, 846
19, 688
88.0
397, 719
45, 805
19, 216
85.9
387, 185
44, 656
19, 174
78.3
382, 856
44, 524
19, 156
85.6
384, 216
44, 567
17,714
83.1
356, 211
41, 186
19, 884
81.1
394, 156
46, 104
17, 435
78.1
348. 073
40, 461
1,510
1,292
4,046
1,289
1,510
1,284
5,232
1,288
1,649
1,749
4 661
1,658
1,750
4,713
2, 114
___
1,467
6.400
6.035
6.510
6.135
6.765
6.145
6.960
6.050
6.685
5.995
6.830
6.175
6.925
6.295
6.940
6.235
6. 910
6.325
6.755
6.205
6. 650
6. 025
6. 805
6.095
P 6 645
* 6. 060
598
1,417
2,048
217
561
1,439
2,165
181
622
1,570
2.316
130
640
1,622
2,298
174
649
1,635
2,736
314
706
1,638
2,878
540
738
1, 616
2, 993
939
694
1,602
2,980
815
639
1,583
2,177
355
563
1, 521
2, 322
294
517
1.313
1. 767
171
660
1,524
2,086
212
596
1 452
2. 04(
970
23.77
20.62
26.00
23.54
20.44
23.00
23.49
18.20
21.00
23.47
16.12
20.00
23. 71
17.88
21.75
25.00
18.10
22.00
25.42
18.84
22. 50
26.11
19. 63
20.00
26. 21
19. 23
21.00
26. 12
20. 40
27.00
24. 46
20. 46
29. 00
24.12
21. 28
25. 00
23. 36
21.25
P 26. 00
3, 853
2,073
3,380
1,909
3, 453
1,993
3,325
1,900
3, 852
2, 251
4,743
2,496
5, 178
2, 746
5,841
3,308
6,119
3,315
5, 519
3,183
4,638
2,587
5, 491
2,924
4,472
9 473
22.18
20. 01
26. 75
24.79
21.43
19. 75
20. 50
19.51
18. 66
18.39
16. 97
16. 51
15. 91
15.90
16. 48
16. 39
'18.2
17.5
14.6
14.1
14.1
12.9
12.7
13.6
12.2
12.1
11.7
11.3
12.2
11.7
1,096
1,203
202
1,045
1,133
147
1,200
1,193
90
1,209
1, 140
100
1,207
1, 391
248
1,290
1,806
631
1,291
1,841
539
1, 160
1,323
344
1, 167
1,192
185
1,223
1. 334
226
1,080
1. 029
135
1, 244
1,160
120
1, 180
l.W'>
27.75
22.31
25.88
(!)
24. 00
(J)
21.25
0)
19. 50
17. 67
19.50
17.46
19.38
17. 50
19.75
17.70
19. 25
18. 05
20. 88
20.22
21. 75
20. 75
°2 75
2CL 97
21. 50
19.83
1,609
1,563
1,683
1,641
1, 673
1,796
1,897
2, 026
2,120
1,993
1, 665
1 , 902
l,73f
706
59
653
64
605
47
530
48
467
43
443
41
477
65
638
78
800
81
844
75
837
(>C
835
C>~,
823
828, 596
180, 002
4, 464
838, 154
138,622
T
1, 248
905, 294
127, 141
1, 088
920, 803
122, 333
2,198
919, 60t>
126, 183
1,650
917, 746
121, 290
3,079
924, 790
137,159
2, 346
901, 498
177. 078
3, 280
91 2, 239
208, 380
6, 718
883. 371
193, 580
6, 993
7GO. 473
166, 014
6, 443
890, 867
154, 349
S-14. ?<>.r
142,83f
.398
.408
.405
.417
.414
.438
.443
.450
52, 190
8,897
48, 262
8,135
51, 950
8, 709
52, 385
7, 780
53, 001
7, 867
55, 324
7, 359
50, 119
7, 741
52, 466
8, 518
727, 839
676, 709
725, 640
667, 645
700, 693
822, 728
547, 809
420, 917
4,200
505, 239
384, 643
3, 858
538, 092
346, 765
4,016
491, 002
283, 541
5,422
526, 732
228, 738
3,779
622, 033
215, 057
2,719
.671
.574
.669
. 626
.611
.598
. 630
.534
. 646
.587
. 553
.513
15;
.400
.449
.435
.417
53, 174
8, 743
61,429
9, OS9
50. 80C:
9. 715
915, 733 1,071.719 1,153,238 1, 050, 606
851, 694 , 009, 507
834. 903
681, 669
233, 612
4,995
628, 102
530, 537
6, 476
749, 899
543, 929
6', 24 J
f>]$ 4*<>
541, 686
.52
.450
799, 131
340, 874
6, 692
. 546
. 459
:::::::::
1
58, 810
8,767
. 455
54, 704
9, 714
23. 00
0)
843, 809
448, 645
4,037
771, 981
504, 024
4,843
.556
.412
.536
.431
.479
. 425
.479
. 122
P 506
. 453
131, 394
74, 024
42, 042
.233
125, 254
69, 278
50, 908
.205
137,369
65, 689
33, 365
. 190
129, 394
58, 065
29, 808
.205
127, 058
47, 818
29, 047
.213
146, 772
50, 460
25, 344
.208
171, 156
51, 349
46, 022
.185
198, 822
75, 160
55,013
.190
225, 859
104, 125
57, 324
.173
203, 886
124, 391
54, 807
.163
163, 743
137, 882
47, 253
. 153
1 89, 884
137, 357
46, 05:'
.156
158,OS(
140 3."9
39, 205
184, 743
43, 216
167, 499
47, 393
151, 147
42, 779
141, 651
47, 532
146, 651
55, 555
188,417
64, 612
275, 192
74, 024
291, 504
64. M4
269, 803
40, 480
251, 296
36, 267
211,258
39, 349
162, 472
40, 666
128, 271
.402
."506
v . 167
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
_ thous. oflb
Stocks, cold storasre, end of month--.
. _ do
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
dol. per Ib
Eggs:
Production,
farm
millions
Dried e0'? production
thou^ of Ib
Stocks, cold storage, end of month:
Shell
_
._ _ -thous. of cases. _
Frozen
thous. of lb_.
Price, wholesale, extras, large (Chicago)
dol. per doz._
.220
.240
.190
.165
.185
.175
. 160
.180
.175
.188
.243
.280
P . 240
6,300
3,156
6,125
3,178
5, 317
4,850
1,869
4, 648
1,21?,
4, 694
953
5. 085
792
5,166
900
5, 589
1, 336
5,771
1, 919
5. 51 S
1, 902
6, 584
2, 357
6, 529
728
136, 488
1, 348
166, 983
1, 639
186, 189
1,435
180, 777
1, 031
160, 797
833
138, 784
636
117,958
325
94, 658
193
74, 928
235
66, 245
268
62.517
479
83, 672
1,177
124, 534
.380
.355
.351
.397
.427
.409
.381
.317
.334
.422
thous. of dol._
74, 768
59, 390
61,415
48, 719
65, 511
103, 120
101, 740
115, 330
99, 814
84, 645
85, 277
long tons
dol. per lb__
14, 265
.619
11, 991
.639
22, 215
. 648
17, 485
.689
12, 516
. 678
14, 591
.537
11, 861
.471|
17, 024
.518
27, 181
.475
18, 874
.488
22 401
. 468;
9 A 9W
thous. of bags
do
do
_ _ _ .do
York)
dol. perlb._
1,060
485
637
1,923
454
183
694
1,100
468
146
832
1,250
599
266
941
980
522
119
820
878
932
493
765
660
818
363
695
871
1,629
1,170
793
1, 242
1,082
630
799
2, 084
918
424
729
1,694
578 !
228
776'
1,338
923
490
517
1,473
.870
.855
.870
.883
.755
.7181
.700
.720
.685
.670
. 5451
. 398
.410
.373
48, 819
6,440
. 346
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salesj
Cocoa or cacao beans'
Imports (incl. shells)
Prices, wholesale, Accra (New York)
Coffee:
Clearances from Brazil, total.
To United States
Visible supply, United States
Imports .
..-_-_
_
Price, wholesale, Santos, No. 4 (New
r
' 83, 644 77, 022
. 400
. 583
v . 375
990
645
520
.580
.545
Revised.
*> Preliminary. ] No quotation.
tRevised seiies. Compiled by the 17. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard; data prior to June 1952
will be shown later.
^Revisions for 1952 and January-May 1953 are shown in the August 1954 SURVEY.
SURVEY OF CUEKENT BUSINESS
S-30
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 1955
1954
April
May
June
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Fish:
41, 524
Landings fresh fish 5 ports
thous. of Ib
110, 328
Stocks, cold storage, end of month
do
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons.. '4,406
United States:
Deliveries and supply (raw basis):
Production and receipts:
51,311
Production
short tons
762, 870
Entries from off-shore
_
do
287. 257
Hawaii and Puerto Rico
do
••576, 171 r
Deliveries, total
_
do
r 571, 501 r
For domestic consumption
do
4,670
For export
do
Stocks, raw and refined, end of month
' 1, 568
thous. of short tons_.
1,039
Exports
_,.
__
short tons
Imports:^
428, 712
Raw sugar, total
do _
292, 522
From Cuba
do
136, 185
From Philippine Islands
do _
e
51, 375
Refined sugar, total __
do
45, 753
From Cuba
.
do
Prices (New York):
.062
Raw, wholesale
dol. perlb
Refined:
.503
Retail 9
dol per 5 Ib
.086
Wholesale
__dol. perlb _
17, 589
Tea, imports
__
thous. of Ib
TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter, total
_.
mil. o f l b
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil of Ib
Foreign grown:
Cigar
teaf
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 Ib
Exports, cigarettes
millions
Price, wholesale, cigarettes, manufacturer to wholesaler and jobber, f. o. b. destination
dol. per thous
59, 452
118, 806
75, 834
140, 009
84 605
163, 697
73 274
190, 538
47, 478
202, 228
48 307
204, 722
35 270
206, 437
25 716
194, 338
20 787
175, 001
27, 170
150, 471
4,316
3,991
3,712
3,262
2,812
2,637
2,447
2,037
1,712
549, 214
215,486
146, 234
671, 196
669, 122
2,074
60, 519
56, 392
44. 495
617,552 598, 368 544, 041
181,301 r 190, 496 159,787
658, 798 808, 307 * 772, 899
655, 372 r 807. ] 7« ' 770, 119
3,426
1,131
2,780
96, 464 131, 000 601,213 797. 114
759, 214 471. 248 426, 594 202, 728
228,
846 200, 094 283, 327 134, 861
r
793, 324 r' 790, 762 rr 642, 776 ' 629, 590
r
792, 922 780, 37P 642, 462 ' 626, 133
402
314
4,383
3,457
33 068
127, 477
122, 845
2,513
4,288
4,688
149, 465
317, 409
29, 065
570, 000
568, 000
2.468
43, 747
443, 730
102, 247
572, 995
569, 723
3,272
55, 429
558, 851
171,
995
r
711, 171
r
706,
617
r
4, 554
630, 496
208, 785
605, 334
602, 341
2 993
1,786
r
458
1,239
439
1,108
439
929
474
1,261
351
1,748
467
1,927
690
1,889
583
1.823
541
'1, 781
418
331, 129
227, 304
103,825
57, 212
52, 728
370, 023
201, 573
162,623
60, 048
50, 110
285, 305
165, 368
115,160
64, 165
60, 609
333, 189
231, 78?
96, 432
40, 555
39, 455
282, 688
160, 492
86, 036
2,585
540
155,555
120, 246
35, 309
2,492
640
118, 165
77, 843
29. 774
859
103
101, 403
87,990
3,051
679
50
329, 562
263,644
65, 840
23, 063
14, 144
303, 089
229, 478
73, 610
42, 861
30. 933
344, 404
256, 507
87, 894
68. 783
54, 288
.061
.061
.062
.061
.060
.059
.062
.060
.060
.060
.058
*> 059
.502
.086
13, 984
.502
.086
9,828
.502
.086
5,786
500
.086
5,765
. 502
.085
7,114
.498
.085
6,599
.498
.085
7,175
.497
.085
8,494
.498
.085
10, 198
.497
.085
10,225
.494
.084
15, 459
405
P. 084
1,625
291
1,484
* i 2, 236
4,084
4,242
r 4, 774
353
321
301
376
3,546
3, 755
4,269
4 233
4,818
27, 560
9,531
28, 593
8,699
26, 787
9,188
28, 964
8,280
29,262
10, 300
17
149
59, 066
9,849
98, 549
8,856
58,315
8,969
17
18P
39, 278
7,640
30,927
8,699
17, 369
6,723
7,356
3,290
17, 243
6,906
7, 030
3,307
17, 883
7,435
6,953
3, 49,1
14, 557
6,411
5,962
2,184
18, 363
7,196
7,612
3,555
18, 866
7,105
8,361
3,399
18, 252
7,021
8,214
3,017
16,983
6,857
6, 933
3,193
14, 556
5,689
5,764
3,104
16, 251
6,536
6,516
3,199
2,485
30, 499
445, 991
2,487
31, 863
483, 650
2,798
34,998
510, 197
2,759
28, 959
434, 978
2,501
34,568
526, 817
3,395
31,964
503, 475
2,472
31,593
501, 498
3,298
29, 699
573, 184
2, 805
26, 651
425, 958
17, 402
1,415
16, 944
1,339
17,643
1,310
14, 275
1,273
17, 902
1,006
18, 487
1,200
17,219
1,342
16, 790
1,432
3.938
3.938
3.938
3,938
3.938
3.938
3. 938
17
167
28,033
8,482
19
191
36. 887
9,594
15, 698
6,012
6,377
3,309
18,618
7,253
7, 653
'3,711
16,636
6,454
6,832
3,349
2,644
30, 438
408, 334
2, 516
28, 655
339,885
2,672
33, 695
467, 522
2, 399
28, 788
445, 701
14, 842
1,399
15, 924
1,109
14, 968
1.447
3.938
3.938
3.938
r
r
18,242
1, 243
16, 320
3.938
3.938
P 3. 938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of Ib
Calf and kip skins
thous. of pieces
Cattle hides
do .
Goat and kid skins
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Calfskins, packer, heavy, 9^/15 Ib
dol. perlb.Hides, steer, heavy, native, over 53 lb_.
.-do
LEATHER
Production:
Calf and kip
thous. of skins. Cattle hide
thous. of hides
Goat and kid
thous. of skins .
Sheep and lamb
do
Exports:
Sole leather:
Bends, backs, and sides
thous. oflb_.
Offal, including welting and belting offal — do
Upper leather
thous. of sq. ft_.
Prices, wholesale:
Sole, bends, light, f. o. b. tannery
dol. per lb._
Upper, chrome calf, B and C grades, f. o. b. tannerv __
_
,
dol. Der sa. ft._
r
13, 492
26
13
2,440
3,288
14, 633
101
10
2,268
3,757
11, 554
153
33
2,166
2,219
10, 491
161
38
2,163
1,538
10, 842
63
46
2, 265
2,213
8,879
106
13
2,414
1,097
8.713
142
23
1,876
909
9,560
147
109
2, 365
901
7,125
55
45
1, 836
628
9,227
91
51
2,513
986
9,217
117
58
1, 701
1,576
16, 806
83
43
2,422
5, 082
.413
.108
.475
.128
.455
.118
.425
.123
.350
.133
.300
.123
.325
.113
.350
.123
.325
.098
.325
.108
.375
.108
.400
.105
712
2,039
2,149
2,001
706
2,016
2,124
2,172
751
2,038
2,477
2,141
634
1,643
2,078
1,613
783
2,010
2,121
2,320
730
1, 959
1,920
2,036
787
2,009
1,951
1,873
945
2,071
2,078
1,959
986
2,189
2,186
1,923
956
2,109
2,197
1,923
'945
2,085
2, 171
2,117
1,024
2, 332
2, 433
2, 144
78
58
4,950
93
15
3,779
48
116
2,951
90
39
2,728
23
37
3,183
33
6
3,723
50
18
3,360
66
48
3,592
61
39
3,574
34
19
3,224
32
20
3,418
102
73
4,032
.660
.690
.680
.670
,650
.635
.628
.600
.595
,595
.600
.595
P. 600
,962
.985
.988
.988
.955
.908
.863
.898
.877
,870
.893
.910
P. 930
Revised.
p Preliminary.
i December 1 estimate of 1954 crop.
c? Revisions for 1952 are shown in the April 1954 SURVEY.
9 Data represent price for New York and Northeastern New Jersey.
§ Re vised to represent data based on number of stamps used by manufacturers; revisions prior to May 1952 will be shown later.
P. 490
P. 118
May
SURVEY OF CUEKENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-31
1954
April
May
June
July
August
1955
ber
DecemOctober November
ber
January
February
March
April
May
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:!
Production, total
thous. ofpairs..
By types of uppers:
All leather
_
__ do _ _
Part leather and nonleather
do
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By kinds:
Men's
- do
Youths' and boys'
.-- do
Women's
do
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,
Good year welt
.
1947-49=100..
Women's oxfords (nurses'), side upper, Goodyear
welt
1947-49 ==100.Women's and misses' pumps, suede split
do
44, 675
38, 850
43, 533
41, 051
48, 523
42, 795
42, 883
41, 630
44, 165
34, 440
10, 235
31, 713
7 137
36, 135
7,398
34,290
6 761
39, 898
8,625
34, 217
8 578
34,016
8 867
32 797
8 833
36, 426
7 739
40, 401
35, 059
38, 772
36 154
41 737
35 787
35 349
34 763
8,060
1,563
22, 300
5,307
3, 171
3,682
284
308
484
7,140
1,527
18, 656
4,873
2,863
3, 359
268
164
272
7,812
1,734
20, 722
5,370
3 134
4,346
280
135
306
6,783
1,658
20 791
4,856
2 066
4 561
228
108
280
7,848
1,953
23 065
6,122
2 749
6,315
293
178
347
7 508
1,685
18 351
5,513
2 730
6 447
288
273
367
8,089
1,621
17 611
5,262
2 766
6 939
331
264
403
7 876
1,451
16 621
5 733
3 082
6 427
290
150
328
110.3
110.0
110.0
110.0
110.0
110.0
110 0
117.5
112.3
117.5
112.3
117.5
112.3
117.5
112.3
117.5
112.3
117.5
112.3
117. 5
112.3
68, 963
298, 175
48, 424
48, 971
57, 398
48, 006
39 939
45 477
45 322
52 611
43 369
8 934
1,585
19 606
6, 345
3 469
3,757
337
13?
283
9 041
1,914
24 605
6 432
3 485
2 429
331
187
303
8 928
1, 851
24 876
6 444
3 223
3 098
337
214
372
10 037
2, 244
29 405
7,090
3 835
4, 21 5
370
202
509
9 326
1 808
23 846
5 251
3 138
4 135
369
133
110 0
110.0
110.0
110 0
110 0
110 0
116.8
112.3
116.8
112.3
116.8
112.3
116 8
112.3
116 8
112.3
116 8
112.3
63, 188
281, 350
53, 776
251, 556
84, 584
273, 137
65, 812
289, 940
3,241
612
' 3, 154
'3, 085
'601
'586
' 2, 553 ' 2, 499
' 3, 061 ' 3, 067
'588
'588
' 2, 473 ' 2, 479
2,790
560
2,229
2,823
584
2,239
2,927
605
2,322
2,962
667
2,295
3,363
629
2,734
3,477
658
2,819
2,629
3,451
697
2,754
' 9, 134 ' 9, 251 ' 9, 270
' 3, 959 ' 3, 997 ' 3, 995
' 5, 175 '5,254
' 5, 275
9,236
3,972
5,264
9,200
3,910
5,290
9,087
3,882
5,205
8,918
3,797
5,121
'756
'743
'833
'792
'881
33, 151
13, 645
19, 506
754
829
787
725
941
30, 088
14, 055
16, 033
729
810
810
748
1,002
46, 701
25, 572
21,132
904
792
886
922
966
31,815
17, 636
14, 179
944
866
792
870
926
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
65, 723
215, 384
' 3, 307
'712
' 2, 595
' 3, 360
-650
* 2, 710
71, 962
188, 115
' 3, 324
'684
'2,640
' 3, 208
'509
' 2, 599
65, 298
257, 836
'3,124
'665
' 2, 459
' 3, 264
'565
' 2, 699
49, 128
340, 991
' 2, 724
'699
' 2, 025
' 2, 838
'582
' 2, 256
41, 270
354, 922
' 2, 956
'639
' 2, 317
' 2, 969
'558
' 2, 411
45, 836
282, 608
' 3, 279
'629
' 2, 650
' 3, 238
'582
' 2, 656
' 9, 298 ' 9, 414 ' 9, 274 ' 9, 107 ' 9, 096 ' 9, 135
' 3, 615 ' 3, 690 ' 3, 790 ' 3, 854 ' 3, 935 ' 3, 982
' 5, 683 ' 5, 724 ' 5, 484 ' 5, 253 ' 5, 161 ' 5, 153
57, 413
294, 520
' 3, 363
'648
' 2, 715
' 3, 339
'646
' 2, 693
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 t
_
do
Boards, planks, scantlings, etc.tdo
Prices, wholesale:
Dimension, No. 1 common, 1" x 4", R. L.
dol. per M bd. ft__
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M b d . f t - Southern pine:©
Orders, new
_
mil. bd. ft
Orders, unfilled, end of month
. do
Production
do
Shipments
_
__
do
Stocks, gross (mill and concentration yards), end of
month
-.- _ _. mil. bd. ft
Exports, total sawmill products
M bd. ft__
Sawed timber
do
Boards, planks, scantlings, etc
__do
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6" x R. L.
dol. per M bd. ft-_
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 monthdo
Price, wholesale, Ponderosa, boards, No. 3 common,
1" x 8". _
dol. per M bd. ft.
'870
'761
'883
'958
'934
27, 592
5,866
21, 726
'915
'863
'844
'813
'965
36, 218
13, 991
22, 227
801
892
648
772
841
30, 393
10, 329
20,064
'396
'933
'331
'355
'817
9,506
3,188
6,318
'432
'913
'427
'452
'793
13, 534
3,975
9,559
'634
'832
'726
'714
'804
16,119
4,872
11,247
'742
'779
'832
'796
'840
24, 742
10,078
14, 664
'889
'801
'829
'832
'879
32, 448
8,398
24, 050
74. 767
75. 180
76. 951
81. 592
81. 779
84. 482
86. 849
83. 699
82. 999
83. 972
85. 534
85. 071 f 85. 658
125. 767
125. 767
125. 440
126. 671
126. 671
127. 683
132. 953
131. 361
131. 361
131.361
132. 178
132. 178 M 32. 178
'660
238
'681
'679
'704
261
'659
'681
'860
355
'675
'766
'800
331
'693
'824
'697
297
'651
'731
'681
290
'634
'688
'670
276
'636
'684
'652
259
'649
'669
'630
239
'694
'650
702
276
666
665
673
303
672
646
746
273
784
776
753
290
738
736
2,148
6, 414
1,601
4,813
2,126
6,806
1,564
5,242
2, 035
8,043
1,770
6,273
1,904 '
7,022
1,798
5,224
1, 824
6, 329
1, 202
5, 127
1,770
5,867
1,573
4,294
1,722
8,427
2,897
5, 530
1,702
8, 605
3, 135
5,470
1. 746
7,442
3,104
4,338
1,747
6,500
2,648
3,752
1,773
7,737
2,529
5, 208
1,781
9,497
3,050
6, 447
1,783
71. 030
70. 268
70. 633
74. 624
74. 327
75. 218
75. 923
78. 021
78. 199
78. 480
78. 471
77. 527 p 77. 260
152. 929
151.471
151.471
150. 981
151. 557
151.680
152. 170
152. 170
151.839
151. 609
150. 996
150. 996 P 150. 400
'681
427
'644
'670
1,684
'683
410
'726
'698
1,712
'803
463
'730
'746
1,696
'724
499
'643
'687
1,652
'795
516
'801
'778
1,676
'763
459
'862
'821
1,716
'835
422
'828
'798
1,746
'702
382
'688
'662
1,771
'676
439
'612
'619
1,764
597
485
491
551
1,703
598
477
535
590
1,648
696
493
633
680
1,601
766
543
682
716
1,567
70.64
70.16
69.36
70.65
71.51
71.62
71.38
72.07
71.96
72.26
74.18
75.17
v 75. 17
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
_M bd. ft_.
4,350
3,900
4,050
4, 650
5,650
5,150
5, 200
3,700
4, 850
4,300
3,950
4, 625
5,500
Orders, unfilled, end of month
do
10, 550
10, 45C
11, 150
11,300
11, 150
12, 550
15, 125
12, 000
11,380
11,650
11,700
14, 650
13, 425
Production
do
3,950
3, 450
3,950
4,750
3,450
4,800
4,300
4,400
4,450
4,000
3,750
3,900
3, 525
Shipments
. _
do
3, 950
3,750
4,650
4,400
4,650
4,000
4,850
3,950
3, 900
3,500
4,000
3, 625
4,000
Stocks, mill, end of month
.,_
do
10, 650
10, 350
8,875
9,500
8,500
10,350
8,200
9,200
11,050
11,050
10, 550
10, 775
10, 900
Oak:
Orders, new
do
84, 824
78,781
99, 934
95,444 104, 462 100, 481
89, 816 116, 741 107, 966 111,554 108, 916
91, 449
81,496
Orders, unfilled, end of month
do
74, 554
66, 643
71, 364
79, 782
64, 301
73, 118
77, 983
73,083
65, 157
87, 013
98, 574 108, 122 111,682
Production
__ do
90, 062
86, 999
92, 604
90, 587
97, 746
97, 834
96, 999
99, 590 100, 488
93, 476
90, 400 106, 193 100, 543
Shipments
do
90, 926
86, 688
95, 213
93, 690
99, 597 100, 172 101, 216
94, 988
94, 885
88, 960
91,321 107, 090 104, 160
Stocks, mill, end of monthdo
62, 495
61, 090
57, 486
54, 383
51, 268
49, 524
52, 966
47, 984
57, 375
47, 256
50,301
44, 633
52, 045
f
Revised.
* Preliminary.
fRevised from 1950 forward to reflect adjustments to 1953 benchmark materials; 1950-52 annual totals and monthly data for January-September 1953 will be shown liter.
©Revised monthly data will be shown later as follows: Total, all types, January 1950-March 1954; Douglas fir, January 1952-March 1954; Southern pine, January 1951-March 1954:
Western pine, January 1950-March 1954.
^Revisions for 1952 for exports of Douglas fir sawmill products will be shown later.
SUEVEY OF CUEEENT BUSINESS
S-32
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 1955
1954
April
May
1955
DecemAugust SeptemOctober November
ber
ber
July
June
January
February
March
April
May
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging):*
Shipments (market), quarterly total
M sq. ft., surface measure .
Inventories (for sale), end of quarter
do
Softwood (Douglas fir only), production*
M sq. ft., %" equivalent _.
164, 857
30, 741
355, 285
342, 385
266, 451
r
178,411
29, 266
141, 689
207, 060
386, 812
392, 579
211,813
30, 907
203, 556
>• 29, 096
394, 659
392, 810
393, 101
389, 408
444, 081
383, 198
153, 558
153, 263
41, 256
591, 949
325, 765
128, 106
27, 695
712,
451,
104,
11,
644, 580
343, 453
112, 934
24, 923
777 818
423, 455
109, 723
11, 524
5, 860
3, 006
6, 185
5,874
2,800
5,520
6,852
2, 896
5, 685
7, 349
2,580
' 7, 072
r 3, 909
r 3, 162
5, 993
7, 156
r 7, 071
r 7, 158
2,741
1,531
3 2?7
1, 835
10. 109
412, 756
51,010
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports totalO 9
short tons
Scrap
do
Imports, total 9
do
Scrap
do
360, 814
65, 419
103, 650
3,121
271, 164
40, 561
123,409
11,073
326, 515
101, 475
140, 311
14, 650
415,616
344, 012
100, 114
139, 629
22, 033
372, 445
128, 576
409, 286
192, 980
149,686
29, 448
147,345
31.796
1 00. 290
137, 804
20, 573
4,557
4, 770
2, 701
2, 069
4. 664
6, 599
4,729
5, 362
2,717
2,011
4,814
6, 510
2,939
2,423
10, 29,5
8.913
6, 776
9.333
7,848
8,070
921
550
291
124
Iron and Steel Scrap
Production and receipts, total* thous. of short tons.Home scrap produced*
do
Purchased scrap received (net)*
do
Consumption, total
do
Stocks, consumers', end of month
do . . . .
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
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..
4,893
2,974
1,919
5,133
6,571
4, 466
3,059
11,327
5,090
2,951
2,140
5,350
5,218
2, 965
2, 253
5,224
2, 633
1, 924
4, 378
6, 315
6,315
6,494
9, 818
11,610
10, 994
10,573
3,272
2,907
4, 101
1, 896
5,726
6,737
7, 951
4, 620
49, 753
43, 083
6. 670
1,881
5] 398
51 , 868
44, 980
6 8S9
1, 736
2.918
5. 845
49, 975
43, 065
6,911
1,711
55
71
47
829
821
450
830
935
542
811
921
534
63, 711
50, 893
25, 243
62. 494
59, 259
34, 528
00, 742
5s. 01 5
33, 929
4,724
4,626
4, 813
4, 469
4, 567
4, 495
2, 620
2,762
2, 843
50. 03
50. 00
56. 50
56. 03
10.823
8,269
11,016
1,495
5, 155
40, 723
34, 537
6, 186
1,540
9, 555
4, 895
45, 733
39, 199
6, 534
1,691
93
83
65
826
995
528
775
943
51 0
804
987
556
69, 094
74,515
39,102
67, 040
67, 856
37, 306
60,163
41,121
4, 503
4, 50-3
4, 624
4,691
2, 809
2, 729
56. 03
56. 00
56. 50
56. 03
56. 00
56. 50
105,788
94, 610
70, 596
9, 337
1 00, 022
430. 6
107.1
80.9
26.2
409.2
6,971
68
7,473
71
. 0524
72. 00
2,787
» 7, 005
v 3, 905
* 3, 100
p 6 987
" 7, 243
37, 427
6, 591
1,178
0
6, 620
37, 470
31, 360
6,110
1,081
31, 108
25, 222
93
59
65
67
87
789
943
552
760
997
547
745
1, 074
564
783
1,092
563
852
1, 106
578
934
1,315
689
71,090
80, 686
70, 030
41, 609
85, 064
87, 934
49, 005
99,817
64, 321
30, 956
82, 028
48, 000
101.766
85,979
4,462
4.48P
4,984
5,257
5,587
5,001
5, 330
5, 570
5, 785
5, 827
5, 443
5, 500
r
2.743
2, 040
2,533
2,536
2,447
2,384
T
56. 03
56. 00
56. 50
56. 03
56. 00
56. 50
50. 03
50. 00
50. 50
56. 03
50. 00
56. 50
50. 03
56. 00
56. 50
50. 03
50. 00
50. 50
56. 03
56. 00
56. 50
75, 84S
53, 207
5,815
S9, 590
60, 792
S3, 359
64, 722
8, 60S
87, 085
04. 004
87, 659
64, 812
9,344
8,580
7,742
93, 547
69, 843
11, 489
98, 238
75, 044
13, 809
106, 430
80, 729
10, 501
395. 4
96.8
74.4
22.3
410.1
102.2
77 2
25! 0
409. 0
109. 4
81.7
27 7
382. 0
113.0
86.0
27.0
461. 2
119. 7
89.3
30.4
472.7
128. 5
90. 4
32.0
487. 8
135.9
103.0
33.0
491. 9
135. 4
102.1
33.3
507. 1
154. 4
119 2
35.2
p 149. 6
7, 364
72
6,628
6. 667
63
6,807
7,702
8,089
8,287
63
73
8,838
67
79
8,497
79
83
88
9, 98?
93
9,815
95
. 0524
. 0524
. 0539
. 0541
. 0541
054?
.0542
.0542
.0542
. 0542
.0542
0542
72. 00
74. 00
74. 00
74. 00
74. 00
74. 00
.0452
74.00
. 0452
. 0452
. 0452
. 0452
.0452
74.00
. 0452
74.00
.0452
74.00
.0452
P 74. 00
28. 50
29. 50
30. 50
32.50
34. 50
32. 50
36.50
36.50
38.50
P 38. 50
10, 608
5, 396
34, 996
29, 187
932
97
5,452
7,284
3, 294
r
9,227
9, 952
5, 376
29, 563
24, 147
5,416
1,119
1, 525
6,004
3, 384
2,619
6, 066
1,587
8, 023
9,790
5,287
6,509
6, 554
11,987
8,796
12, 399
10, 580
26, 142
20, 690
5, 356
3,290
5,809
18
6, 341
44,018
0
6,447
5,886
931
0
' 7, 481
23, 711
18, 616
5, 095
1,248
3. 75S
7 ^90
18, 907
14, 545
4, 302
11, 606
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..
C on sumption
- do
Stocks (consumers' and suppliers'), end of month
thous. of short tons..
Prices, wholesale:
Composite
dol per long ton
Basic (furnace)
_ _
_ _ _ do
Foundry, No 2, f. o. b. Neville Island
do
72, 820
56.00
56. 50
48, 721
P 1, 265
99, 730
102, 304 P 101,226
60, 063
6, 404
6, 531
0, 3S5
P 6, 413
2, 213
p 2 104
56. 03
50. 03P 50. 00
P 56. 50
56.00
50.50
56. 03
Steel, Crude and Semimanufactures
Steel castings:
Shipments, total
short tons
For sale, total
_.
_ _
.do
Railway specialties
do
Steel forgings:
Orders, unfilled, for sale
thous. of short tons..
Shipments, for sale, total.
_
do
Drop and upset
do
Press and open hammer _ _.
do
Steel ingots and steel for castings:
Production
do
Percent of capacity!
Prices, wholesale:
Composite finished steel
dol per Ib
Steel billets, rerolling, f. o. b. mill
dol. per short ton..
Structural steel, f. o. b. mill
dol. per lb__
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton..
78. 754
10, 768
459.6
115.8
86.4
29.3
72,881
8, 590
113.1
86.2
26.9
.0437
.0437
72.00
. 0437
26.50
29.50
29.50
127, 460 P 119, 881
98 920
19, 339
10, 331
97
P .0452
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
3,238
3,101
3,208
3,160
2,939
2,256
Orders, unfilled, end of month
thousands. .
2,726
2,586
2,217
2,198
2,342
2,303
2,145
1,892
1,908
2,038
1,785
1,848
1, 902
1,868
1,782
Shipments
do
1,797
1,742
2,125
1,990
1,747
62
72
Stocks, end of month
do
67
109
110
112
67
103
90
77
104
89
106
r
Revised.
f Preliminary.
*New series. Data for hardwood plywood are compiled by the U. S. Department of Commerce, Bureau of the Census; they cover all known market producers of hardwood types, except
as indicated.
Douglas fir plywood production is compiled by the Douglas Fir Plywood Association.
Data presented are total industry figures, based on reports from plants controlling, on the average,
approximately 90 percent of industry capacity. The monthly totals are estimated from weekly reports by prorating split weeks on the basis of a 5-day workweek, with allowance for generally
observed holidays.
Data for production and receipts of iron and steel scrap are compiled by the U. S. Department of Interior, Bureau of Mines; data prior to 1953 are not available for publication.
Qln the 1952 edition of the export schedule, certain items (pipe fittings, welding rods, bolts, fabricated structural and other shapes)»were transferred from the steel-mill products to the
metal manufactures category. The data through 1952 as shown in the 1953 edition of BUSINESS STATISTICS were adjusted to include exports of these commodities for comparability with the
earlier data. Exports beginning January 1953 as published in the March 1953 SURVEY and subsequent issues exclude these items which averaged 21,300 short tons per month in 1953.
9 Revisions for 1952 are shown in the April 1954 SURVEY.
JFor 1955, percent of capacity is calculated on annual capacity as of January 1, 1955, of 125,828,310 tons of steel; for 1954, data are based on capacity as of January 1, 1954 (124,330,410 tons).
SURVEY OF CURRENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-33
1954
April
May
June
July
1955
August Septem- October
ber
Novem- December
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
1
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
Closures (for glass containers), production..- .millions.. .
Crowns, production
thousand gross.
Steel products, net shipments:
Total
thous.
of short tons. Bars* Hot rolled a1! grades
do
Reinforcing
_ _ _ _ _ do
Semimanufactures
do
Pipe and tubes
- do
Plates
-- - --do
Rails
..
do
Sheets
- ^°
Strip* Cold rolled
_ do
H o t rolled
_ _ _ _ _ _ do
Structural c hapes heavy
- do
Tin plate and terneplate
_ _ _ do_ \Virc and wire products
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production primary
short tons
Imports, bauxite
long tonsPrice, wholesale, scrap castings (N. Y.)-dol. per lb_.
Aluminum fabricated products, shipments, total
mil. of lb-^
Castings
- - - do_
Mill products, total©
_
_ _ _ do..
Plate and sheet0
- - - do
Brass sheets, wholesale price, mill
dol. per lb_Copper:
Production :
Mine production, recoverable copper_._short tonsCrude (mine or smelter, including custom intake)
short tons.
Refined
-- do
Deliveries, refined, domestic
do
Stocks refined end of month
_ do
324,
188.
135,
278,
039
262
777
428
317, 666
180, 705
136, 961
276, 313
1,386
31,285
176
254
922
473
405, 152
249, 376!
155, 776
368, 035
1,308
29, 767
1,449
32, 026
1,209
28, 679
1,330
27, 366
5,288
479
146
153
765
457
5,423
494
163
136
731
442
5,887
532
211
157
786
421
4,490
444
168
116
674
376
122
1,481
99
111
384
445
375
82
1,539
94
125
353
607
394
108
1,657
107
14C
373
690
423
120,434k
435, 681
.1037
125,138
451,744
.1092
227.2
53. 0
174.2
96.9
216.3
47.7
168.7
94.9
68, 397
77, 830
112, 937
104, 579
124, 516
676
275
401
669
273,616
166, 975
106, 641
239, 881
283, 386
170, 125
113,261
247, 688
279, 642
170,068
109, 574
240, 159
259, 585
154,507
105, 078
224, 128
307, 939
171, 568'
136, 371
265, 592
321, 345
178,573
142, 772
273, 713
1,283
21, 841
1,328
20, 454
1,219
18, 264
1,218
18, 196
1,247
23, 663
1, 245
23, 993
1,516
29, 480
1,402
27, 982
4,681
446
152
142
715
365
5,004
471
151
138
694
379
5, 035
530
150
141
662
395
5,240
577
140
171
579
398
5, 449
619
123
200
497
421
6, 010
623
116
203
578
439
6,120
630
128
255
610
457
7, 269
764
161
310
795
543
7, 279
747
184
303
824
560
80
1,347
74
95
350
242
322
71
1,331
95
109
326
342
351
63'
1,357
103
108
346
580
359
59
1,633
110
130
344
273
360
49
1, 857
126
144
331
261
366
40
2, 054
128
160
347
270
352
97
2,229
133
158
336
419
393
103
2,166
131
159
338
433
415
122
2, 450
153
178
407
514
502
118
2,416
141
182
398
534
508
120, 758
457, 748
.1000
126, 161
442, 371
.1000
125. 296
461, 227
. 1000
120, 332
413, 265
. 1081
125. 089
420, 340
.1100
121,252
423, 395
.1100
127, 035
504. 342
.1100
128, 203
384, 542
.1129
116, 236
370, 963
.1370
130, 272
480 973
.1575
126, 394
232.3
48.1
184.2
102.0
1.444
209,6
39.6
169.9
94.7
.444
225.5
42.4
183.1
104. 6
.444
225.9
46.2
179.7
101.1
.444
234.3
53.9
180.4
100.8
.444
236. 9
55.2
181. 6
103.8
.444
259. 6
64.0
195. 6
108.7
.456
270.6
64.4
206. 2
114.0
.456
r 272 1
••313.7
79.0
r
234. 7
128.4
.476
71, 455
72, 959
66, 551
51, 668
62, 111
71, 215
79, 208
81,417
83, 291
83, 581
r 93, 728
89, 004
78, 626
108, 723
111,005
82, 124
86, 119
112, 474
106, 252
69, 289
76, 320
107, 193
97, 436
69, 077
62, 047
104, 693
92, 475
58, 648
69, 882
88, 786
89, 198
48, 775
79, 231
92, 918
105, 293
33, 290
97, 619
115,917
118, 707
37, 094
95, 810
123, 840
113. 949
45, 982
102, 342
123, 162
108, 503
44, 579
108,410
135, 701
131, 354
46, 091
103, 881
122, 129
119, 863
42, 759
381,
224,
156,
339,
522,
376,
145,
477,
293
530
763
256
457,
328,
129,
408,
983
454
529
315
361,
236,
125,
319,
97,
133,
121,
47,
733
523
907
108
' 66.' 9
205.2
112.0
.476
. 1575
.1385
227. 9
123.3
» . 496
31,223
29, 685
24, 183
26, 046
27, 121
16, 783
18, 883
Exports, refined and manufactured
do
25, 867
23, 562
32, 376
21, 533
22, 473
45, 975
51, 989
62, 228
81, 833
54, 574
42, 382
52, 388
28, 603
Imports total?
- do
45, 608
36, 261
46, 765
45, 460
Unrefined including scrap 9
- _ _ _ _ do_ . _ 33, 396 32, 133 35,310 30, 816 38, 161 32, 740 20, 508 32, 786 32, 965 25, 108 34, 661 34, 340
12 579
19, 856
31,412
46, 523
19, 648
9. 596
16, 413
8,095
Refined 9
- - do. 12, 643
12, 104
11,153
11,120
.2970
. 2970
. 2970
.2970
.2970
.2970
. 2970
.2970
Price, wholesale, electrolytic (N. Y.)
dol. per lb__
. 2970
. 2978
.3270
.3570
.3294
.3570
Lead:
Ore (lead content):
26, 900
25, 364
25, 404
26, 253
27, 066
25, 001
26,911
Mine production
short tons.25, 755
28, 230
27, 347
27, 004 r 30, 961
28 697
28, 508
25, 762
26, 975
28, 266
28, 835
26, 884
Receipts by smelters, domestic ore =- - do
25, 244
29, 107
29, 646
28, 767
27, 456
30, 056
28, 707
Refined (primary refineries) :
46, 730
49, 139
en 974
42,317
35, 716
44, 089
47, 762
Production
do
51, 276
46, 711
46, 506
44, 780
40, 173
50, 308
47, 161
40, 183
37, 195
46, 987
43, 402
30, 891
34,913
36, 307
Shipments (domestic)_ _ _
do
37, 017
40. 451
46, 645
42, 381
44 8"8
100, 441 109. 302 104, 626
93, 030
Stocks end of month
do
84, 429
94. 387
93, 358
95, 49C
92, 719
84, 882
64, 938
59, 881
54, 956
.1390
. 1400
. 1411
.1400
Price, wholesale, pig, desilverized (N. Y.)_dol.perlb__
.1460
.1406
.1497
.1500
.1500
. 1500
.1500
.1500
.1500
.1500
Imports, total, except mfrs. (lead content) 9
short tons.. 49, 126 69, 889 64, 015 41, 494 34, 031 31, 120 24, 224
15, 679
19, 508
14, 392
19, 286
22, 023
Tin:
2
3, 207
2, 235
194
1,425
Production, pig§
__
long tons _
2,232
2,625
2, 636
2, 439
2,692
2,608
2,728
2,582
7, 230
7,210
7,400
6,300
Consumption, pig, total.
__
do
6,700
6,700
7, 000
7, 050
6,900
6,900
7,280
8, 050
4,850
5, 100
5,100
4,500
4,700
4,600
4,300
4,300
Primary §
do
4, 330
4,500
4,730
5, 200
33,371
19, 581
Stocks, pig, end of month, total§
do. __
12, 925
11, 380
15, 127
16. 491
17, 024
16,872
16, 302
14, 751
14, 944
14, 761
22,152
6,842
0
0
4,406
Government!
do
2, 502
4, 255
2,855
1,352
651
1, 039
791
11,219
12, 739
12, 925
Industrial^
_____
_ do
11, 380
12, 625
12, 085
12, 769
14,017
14, 950
14, 100
13, 905
13, 970
Imports:
1,217
16
3,100
414
Ore (tin content)
do
2,562
2,286
2, 169
1,813
2,019
1,312
1,857
1, 829
5,171
5,853
6,859
3,924
Bars, blocks, pigs, etc
-_ _ _ _
do 5,487
4,601
6, 450
6,151
5,568
4,143
6,385
6, 026
.9612
. 9353
.9421
.9654
Price wholesale Straits (N. Y.)
dol. per Ib
. 9338
.9354
.9304
. 9110
.8857
.8727
.9077
^.9139
.9104
.9137
Zinc:
Mine production of recoverable zinc
short tons.. 39, 915 40, 008 40, 391 38, 445 38, 141 34, 178 35,511 38, 338 39, 035 41, 205 39, 389 T 45, 216 42, 386
Slab zinc:
70, 258
Production
do
73, 654
71, 540
70, 749
71,810
60, 137
80, 116
67, 047
85, 164
86, 076
78, 977
89, 179 r 83, 786
86. 177
Shipments, total
do
70,618
64, 566
80, 244
73, 846
76, 584
77, 885
97, 617
90, 415
95, 523
93, 201
99, 964
94, 507 r r100, 044
97, 572
67, 152
61,859
Domestic
do
72, 262
58, 397
58, 188
64, 548
73, 967
77, 074
74, 900
70, 863
80,016
89, 589
79, 720
83,
336
r
Stocks, end of month
do
200, 740 209, 828 201, 124 198, 027 193, 253 175, 505 152, 137 134, 636 124, 277 117, 152
74, 579
96, 165
63, 184
90, 837
Price, wholesale, prime Western (St. Louis)
.1025
dol. perlb-.1029
.1096
.1100
.1141
.1150
.1100
.1150
.1150
.1150
. 1150
. 1150
. 1193
.1200
39,112
Imports, total (zinc content).
short tons
50, 847 128, 748
57, 832
26, 041
31,205
56, 952
22, 250
39, 173
31, 273
41,309
55, 061
2,054
45
For smelting, refining, and export 9 -- __ do 1,239
194
2,214
2,481
157
128
3,674
481
2,432
5,717
For domestic consumption:
21,439
Ore (zinc content) 9
do
40, 594 108, 738
37, 570
12, 853
17, 608
45, 888
10, 601
17,315
16, 564
19, 908
39, 211
Blocks, pigs, etc
do
15, 619
10, 208
18, 771
10, 974
20, 068
11,116
10, 907
11, 520
18, 184
14, 228
15, 684
13, 418
r
Revised, v Preliminary.
1 Specifications changed; no comparable data prior to June 1954. 2 Production by secondary plants only
©Data beginning January 1955 are not strictly comparable with earlier data because of a change in coverage and method of reporting. Total monthly net shipments derived from the
new survey are from 1 to 2 million pounds less than would have been calculated under the former method.
umvuiuum im,
9 Revisions for 1952 imports are shown in the April 1954 SURVEY.
.Substituted series Compiled by the U. $. Department of Interior, Bureaa oj Mines; monthly data for 1951 and 1952 appear on p. 24 of the March 1954 SURVEY Government stocks
represent those available for industrial use.
'
*WH^&
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 1955
1954
April
May
June
July
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC*
Radiators and con vectors, cast iron:d*
Shipments
thous of sq ft of radiation
Stocks, end of month
do
Oil burners:*
Shipments
number. _
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__ _
^toves 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. _ _
Wqter heaters gas shipments*
do
1,738
7,453
1,745
7,696
2,208
7,903
1,937
7,438
3,315
6,765
3,217
6,478
3,354
5,915
2,700
5,400
1,956
5,434
1,675
5, 876
1,970
6,106
2 419
6,416
50, 350
84, 276
52, 781
82, 995
68, 798
80, 845
65, 184
75, 345
90, 662
72, 238
102, 888
57, 306
101,916
53, 174
67, 660
53, 978
46, 882
57, 125
57, 282
50, 686
58, 041
51, 163
59, 218
62 655
186, 951
5,876
172, 762
8,313
176, 925
3,468
164, 228
9,229
187, 944
4,206
174, 806
8,932
145, 829
4, 351
134. 896
6, 582
196, 180
6,294
180, 210
9,676
222, 839
7,708
204, 947
10, 184
216, 956
7,320
197, 984
11,652
190, 328
6,652
174 549
9,127
160, 494
5, 58f>
146, 135
8,773
167, 752
5,564
1 53, 065
9,123
200 306
5, 527
186 436
8,343
232 431
6,063
217 466
8.902
126, 819
6,804
77, 109
42, 906
125, 981
6,474
76, 427
43, 080
180, 323
10, 935
111,796
57, 592
203, 901
23, 443
114,195
66, 263
261, 936
36, 879
156, 343
68. 714
351, 135
55, 091
205, 345
90, 699
417,185
66, 824
257, 606
92, 755
284, 688
37, 823
195, 337
51 528
110,24?
9 094
74, 513
26 63?
75, 004
4 824
41, 646
28 534
90, 897
4 422
38, 228
48 247
106, 650
7 710
51,643
47 297
72, 488
43, 566
26, 882
2,040
196, 767
82, 462
49, 661
30,210
2,591
191. 660
95, 359
57, 229
33, 923
4,207
202, 574
92, 463
53,116
35, 474
3,873
186, 528
130, 486
75, 062
48, 655
6,769
202, 990
148, 370
82, 023
57, 503
8,844
201, 405
137, 820
79, 022
50, 963
7, 835
198, 001
107 615
64,312
38, 594
4, 709
175 550
81, 130
50,341c
28, 05,
2,734
163 458
85 476
50, 923
31, 899
2,654
200 001
79 537
47, 740
28, 917
2,880
214 703
87 454
53, 673
30, 843
2,938
248 754
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, netf
mo. avg. shipments, 1947-49=100-.
Furnaces, industrial, new orders, net:
Electric processing
thous. of dol _
Fuel-fired (except for hot rolling steel)
do _
Machine tools (metal-cutting types):
New orders
mo. avg. shipments, 1945-47=100.
Shipments
do
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of doL
Tractors (except contractors' off-highway and garden),
quarterly through 1954)*
Shipments total
thous of dol
Wheel-tyne
do
Tracklaying
do
62, 311
14, 586
r
r
37, 685
14, 840
39, 739
16,087
55, 744
14 276
125.3
80.8
86.4
68.8
75.6
68.3
147.5
61.4
113. 9
81.0
90.4
163.6
178.6
1,262
1,711
3,051
2,423
986
3,642
457
973
1,053
1,116
986
1,241
2, 403
1, 936
1,190
1,534
1,246
4,100
1,148
3,543
976
4,390
1 342
5,609
2 234
5, 032
142.8
302.7
139.5
270.3
185.2
276.3
124.7
205.7
147.9
203.7
180.9
213.4
148.9
191.0
119.5
179.5
202.9
203. 4
203.0
167.3
209.4
168 2
214. 6
* 202 5
v 180. 8
J> 180 8
5,319
5,007
5,176
4,733
6,706
5,050
3,828
5, 224
4,787
5,220
6 709
6 161
5 447
157 655
87, 716
69 939
66 178
41 431
24 747
71 786
45 807
25 979
7Q 302
54 025
25 277
94 718
64' 847
29 871
1,796
1,478
1 647
47.2
61.7
237.9
217.0
308.4
264.8
1, 098. 7 11,261.6
96.0
250. 1
357 4
1, 068. 1
94.0
262.7
353 2
1, 089. 7
r
r
3 197, 786
••3123,055
74, 731
144, 167
81, 126
63, 041
r
r
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands
Household electrical appliances, sales billed:
Refrigerators, indexf
_
1947-49= 100. .
Vacuum cleaners, standard type
thousands
Washers, domestic sales
do
Radio sets production!
do
Television sets (incl. combination), production§
thousands. .
Insulating materials and related products:
Insulating materials, sales billed, indexf
1947-49=100..
Fiber products:
Laminated fiber products, shipments©
thous. of dol
Vulcanized fiber:
Consumption of fiber paper
thous of Ib
Shipments of vulcanized products thous. of dol
Steel conduit (rigid), shipments*
thous. of feet
Motors and generators, quarterly:
New orders indexf
1947-49=100
Polyphase induction motors, 1-200 hp:f
New orders
thous. of dol
Billings
do
Direct current motors and generators, 1-200 hp:J
New orders
thous of dol
Billings
do
T
1,150
1,391
1,834
2,288
2,481
2,728
2,667
73.1
220.8
258.7
745.2
74.1
209.4
246.9
722.1
81.6
195.8
303.5
1
837. 7
93.0
193.6
242.9
438.1
70.6
185. 4
293.2
785. 5
73.4
238.2
379.7
1
932. 3
51.0
263.2
339.2
997.8
457.6
396.3
1
544. 1
307.0
633.4
i 947. 8
921.5
858. 5
* 833. 4
654.6
702. 5
124.3
116.3
123.8
92.3
111.4
123.2
116.7
123.9
138.3
132.0
137.0 :
160. 0
9,235
8,843
9, 521
7,739
8, 857
10, 337
9,528
9, 596
10, 535
9,426
10, 076
12,211
11, 106
3,266
1,388
20, 770
3,431
1,237
21, 784
3,128
1,236
26, 171
2,566
1,037
2
28, 544
3,373
1,152
3
28, 076
3,062
1,217
27. 616
3,251
1,301
27, 622
2,964
1, 350
2 29, 645
3,794
1,540
225,911
4 037
1, 571
24, 049
3 918
1 565
2 05 SQS
4 876
1 803
2
29, 762
4 591
1 815
2
2
2,410
2
1
1
;
1 281
1 321
106.0
358 2
370 6
1, 482 3
831. 2
152. 5
129.7
156 7
157 0
36, 817
35, 675
33, 448
33, 501
34, 476
36 184
38 649
34 638
7,958
10, 183
6, 755
7,337
8 130
9,942
6 729
9 052
r
244. 1
313 5
1,099.8 p I 121.0
'583.2
p 468. 8
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
1,939
2,194
2,253
2,117
2, 500
1,877
2,226
2,816
1,958
Production
thous. of short tons
2,333
2,442
1,910
1,640
1,861
Stocks in producers' storage yards, end of month
1,244
1,328
1,405
1,504
1,293
1,293
1,252
1,223
1,340
thous. of short tons_ .
1,132
1,267
1,164
1,145
217
147
273
403
240
359
152
145
348
Exports
do
311
253
175
Prices:
24.41
24.62
24.66
24.96
25.19
25.40
26. 05
24.40
Retail, composite 9
dol. per short ton
24.40
25.52
25. 64
25.67
25.67
13. 588
13. 836
13. 350
13. 588
13. 713
13. 507
12. 850
13. 381
13. 657
Wholesale, chestnut, f. o. b. car at mine
do
13. 721
13. 721
13. 721
13. 721
r
!
2
3
Eevised.
*> Preliminary.
Represents 5 weeks' production.
Data beginning July 1954 are for 13 companies; earlier data, 11 companies.
Revised 1st qtr. 1954- Total
$164,776,000; wheel-type, $104,569,000.
t Revisions for oil burners for January-July 1952 are shown in a footnote on p. S-33 of the January 1954 SURVEY; revised data for other items of heating apparatus will be shown later.
d" Data beginning June 1953 are compiled by The Institute of Boiler and Radiator Manufacturers and represent substantially complete coverage of shipments of cast iron radiators and convectors.
*New series. For source of data and brief description, see corresponding note on p. S-34 of September 1954 SURVEY.
fRevised to reflect use of new base period. Comparable data for 1934-53 for all series (oxccpt for foundry equipment) appear on p. 28 of the February 1955 SURVEY.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for June, September, and December 1954 and
March 1955 cover 5 weeks; other months, 4 weeks.
©Data beginning January 1954 cover 19 companies.
TData for polyphase induction motors cover 33 companies through 3d quarter 1954 and 34 thereafter; for direct current motors and generators, 27 companies.
9 Revised to represent weighted average price of anthracite stove based on quotations in 6 cities as follows: Baltimore, Boston, Laconia (N. H.), Madison (Wis.), Middletown (Conn.),
and New York.
SURVEY OF CURRENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-35
1954
April
June
May
July
1955
August
Septem- October] Noveem- December
ber
January
February
March
April
May
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous: cf
Production
thous. of short tons..
Industrial consumption and retail deliveries, total
thous. of short tons..
Industrial consumption, total
do--_
Beehive coke ovens
do
Oven-coke plants
...do...
Cement mills
do
Electric-power utilities
...do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail deliveries
do
Consumption on vessels (bunker fuel)
thous. of short tons..
Stocks, industrial and retail dealers', end of month,
Industrial, total
Oven-coke plants
Cement mills
Electric-power utilities
Railways (class I)
Steel and rolling mills
Other industrial
Retail dealers
.
- do_.
do-_.
do__
do
- do__
do
do-_
-
-do . _ .
Exports
do
Prices:
Retail, compositef
- dol. per short ton_.
Wholesale:
Mine run, f. o. b car at mine
do
Prepared sizes, f. o. b. car at mine
--do
28, 478
29,198
30, 690
27, 707
33, 484
34, 471
36, 652
37, 158
38, 151
36, 580
35, 545
>• 37, 060
34, 700
27, 958
24 487
56
6 658
625
8, 438
1 347
411
6 952
3,471
26 477
23 831
47
6 811
641
8 435
1 356
381
6 160
2 646
25 535
23 256
49
6 593
576
9 029
1 254
339
5 416
2 279
24 937
22 836
45
6 581
675
9 133
1 278
315
4 809
2 101
26, 453
23 585
52
6 427
693
9 568
1 384
306
5 155
2 868
27 113
23 491
56
6 396
*674
9 456
1 233
320
5 356
3' 6°2
30, 180
25 783
46
7 246
740
10 076
1 375
360
5 940
4 397
31, 538
26 996
54
7 438
719
10 435
1?449
432
6 469
4 542
35 500
29 713
66
7 995
775
11 633
1 544
506
7 194
5 787
36, 332
30, 099
99
8,258
755
11, 750
1,415
506
7 316
6,233
33, 766
27 913
105
7 631
670
10, 840
1 271
504
6 892
5,853
35, 094
30 232
169
8 755
707
11 234
1 278
511
7 578
4 862
31, 168
28 329
201
8 519
672
9, 906
1 203
417
7 411
2,839
29
52
62
55
47
47
54
47
20
2
3
11
44
70 595
69 432
69 646
67 186
68 566
69 69 1
•7Q 352
71 041
69 201
65 869
63 751
63 664
64 001
69 611
12, 856
1 071
37, 504
2 049
798
15 333
68 606
12 596
1 090
38, 299
1 839
' 740
14 04?
68 803
12 659
1 144
39, 125
1 811
708
13 356
66 286
11 125
1 123
38, 848
1 662
639
12 889
67 656
11 571
1 184
39, 708
1 657
621
12 915
68 765
11 869
1 233
40 462
1 597
612
099
69 458
12 193
1 287
40', 889
1 496
614
12 979
70 118
12 484
1 373
41, 072
1 540
592
13 057
68 391
12 335
1 311
39 711
1 475
606
12 953
65 166
11,476
1 155
38, 095
1 397
556
12 487
63 130
Il'o66
1 082
36, 796
1 340
509
12 337
63 022
10 776
963
37, 035
1 249
505
12 494
63 270
10 702
970
37, 376
1 219
' 534
12 469
894
993
810
703
621
642
3 527
3 092
9 48i
1 804
2 539
2 282
15 10
15 10
15 10
15 00
i 4 481 M 4 481
2 6 951
2 6 949
i 4 480
2 6 920
i 4 402
2 6 314
984
2 462
JO
826
843
900
910
906
3 068
3 136
2 832
3 333
2 940
14.99
14 70
14 70
14 73
5 403
6 375
i 4 538
2
6 398
i 4 525
2
6 440
i 4 506
2 5 586
35
4,658
386
29
4 772
379
31
4 609
371
2 860
1,579
1,281
299
24
3 012
1 657
1,355
331
36
14.75
741
14 78
14 89
14 98
15 04
15 08
i 4 49g
6 711
i 4 493
2 6 875
i 4 4g8
2 6 955
i 4 484
2 6 961
i 4 482
2 6 951
30
4 591
420
40
4 476
412
35
4 456
410
29
5 053
456
33
5 198
444
41
5 570
471
61
5 745
457
67
5 327
436
105
6 131
186
125
6 Oil
2 973
1 609
1, 364
355
46
2 843
1 619
1 224
384
25
2 g5Q
1*694
1 231
'395
34
9 017
1 693
1 224
402
14
2 851
1 638
1 213
494
34
*-* 804
1 597
1 207
395
33
v 794
1 624
1 170
421
50
9 748
1 654
1 094
449
29
9 614
1 63?
981
474
43
2 Cr)C
1 579
946
476
39
2 486
1 529
957
14.75
14. 75
14.75
14.75
14.75
14.25
13. 75
13. 75
13.75
13.75
13.75
13.75
2, 486
198, 440
86
204, 336
2,467
200, 593
89
218, 178
2,298
195,000
88
208, 408
2 867
194, 037
90
214,402
2 534
191,190
87
212, 708
2 2C)8
184, 527
88
208, 155
2 370
190 198
86
211,851
2 379
190 367
86
209, 244
2 743
198 213
88
224, 382
2 486
209, 600
90
228, 737
9 340
191 392
92
211, 365
2 738
213 454
90
228 594
278, 055
75. 852
183, 740
18, 463
280, 050
75, 503
185, 570
18, 977
282, 888
75, 187
188, 788
18,913
282, 665
74, 574
189, 123
18,968
277, 929
70, 659
188, 260
19,010
272, 502
67, 989
185, 568
18, 945
267 346
68, 292
179, 582
19,472
264 566
67,814
177, 659
19, 093
258 385
67 309
1 72, 081
18 995
260, 156
67, 916
172, 635
19,605
258 630
66, 574
172, 429
19 627
264
68
176
19
1,418
17, 666
2.820
1, 258
20, 669
2.820
1,372
21, 160
2.820
1,073
21, 014
2.820
1,349
20, 853
2. 820
509
20, 219
2.820
1 521
19 065
2.820
1 047
20, 260
2.820
797
23 066
2.820
381
20, 799
2.820
976
21 103
2. 820
771
24 480
2.820
45,048 3 45, 415
33 131
32, 569
•J 47, 890
33 047
'* 48, 666
33 593
a 51, 718
36 806
53, 926
38 276
3 51, 719
34 683
3 52. 779
36 722
3 75 843 3 73 gQi
54 o 5 5
55 880
3 (>g 513
51 386
3 5g 252
51 475
8, 912
8 093
5, 916
7, 432
r 7 699
5,803
6 813
S 4?6^
6, 379
86, 692 3 69 283
49 457
46 04°
a 69 457
44 9^0
COKE
Production:
Beehive
.. _
.. _ thous. of short tons. _
Oven (byproduct)
- do__
Petroleum coke 9 -_do.,__
Stocks, end of month:
Oven-coke plants total
- do
\t furnace plants
^Q
\t merchant plants
do
Petroleum coke
do
Exports
--do
Price, beehive, Connellsvilie (furnace)
dol. per short ton..
2
38, 840
13.75
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:
Gasoline-bearing in U. S., total .
do
At refineries
_
__
do
At tank farms and in pipelines
d°
On leases
.. .
do
Exports _
Imports _
. _
.
Priee (Oklahoma-Kansas) at wells
do.
do.
dol. per bbl._
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oilj..
thous. of bbl._
Residual fuel oil J
do
Domestic demand:
Distillate fuel o i l t - - - - do
Residual fuel oilj.
do
Consumption by type of consumer:
Electric-power plants....
do
Railways (class I)§
do
Vessels (bunker oil)
-_
do
Stocks, end of month:
Distillate fuel oil
do
Residual fuel oil
do
Exports:
Distillate fuel oil.
...do...
Residual fuel o i l
.
.
.
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol. per gal__
Residual (Okla., No. 6 fuel)
dol. per bbL.
Kerosene:
Production
thous of bbl
Domestic demand t
do
Stocks, end of month
do....
Exports....
,
__. ..do
Price, wholesale, bulk lots (New York Harbor)
dol per gai,_
3 42, 531 3 41,966
35, 582
33, 691
3
43, 892
33, 749
3
« 38, 105 3 28, 895 3 27, 217
42, 178
37, 753
38, 994
3
26, 864
35 617
,-i 29 203
36 934
3 32 593
38 904
4, 446
7,660
6, 475
4,851
7 835
5,928
4,904
7 730
6, 331
*41,218
34, 215
4, 783
7,230
6,381
4, 250
6, 921
6, 289
* 61, 721 3 73, 58i
44, 362
47, 009
J
4, 291
7, 7CO
6,378
3 86, 325 3 101, 657
50,216
54 365
3
116,529
56 332
3
128,061
56 709
3 34 g93 3 51 279
42 415
46 045
5,316
7 818
6,119
:
5,819
8 IQi
5,981
3
7, 668
8 467
6, 022
139, 128 3 133,886 3 J08 144
•16 541
54 89i
52 105
3
430
829
193
408
1,911
1, 037
1, 982
2, 006
2, 176
1, 793
1, 693
1, 831
1, 434
1 580
1, 525
1 546
2, 192
1 239
2, 715
1 771
1 849
1 720
1. 786
9 819
919
•j 985
1 5?1
9 231
.095
1.150
.092
1.100
.092
l.COO
. 090
1.000
.092
1.150
.092
1.150
. 096
1.250
. 096
1.350
.102
1 , 400
. 102
1. 500
. 102
1. 500
102
1.500
3
9 350
3 4, 861
23, 892
158
3 9 177
* 4, 537
' 28, 184
229
*3 9, 665
6, 893
19, 656
584
3
3
9 156
4, 920
31, 953
398
a
3 9 357
3 9 018
S
6,196 * 6, 555
34, 949 3 37, 099
250
80
.100
. ioo:
3 Q KGA
3 m O'Q
3 1 1 7(H'
9, 261 3 12, 748
37, 140 3 34, 547
428
188
3 18, 330
3 27, 826
%
a
3
2. 820
5. 078
6, 332
. 102
1. 500
"12 665
17 071 315,003 3 10, 940
23, 266 3 18, 291 3 18, 187
109
396
179
3
3
.105
.102
.102
.100
.104
. 104
.110
.110
.110
.110
. 110
Revised.
» Preliminary.
» Price for screenings for industrial use, to industrial consumers; .not comparable with data through April 1954. 2 p r j ce f or ] argo domestic sizes- not comparable with data through April 1954.
» Beginning January 1954, jet fuel (formerly included with gasoline, kerosene, and distillate fuel oil) is excluded. Jet fuel for March 1955 (thous
bbl.): Production—from gasoline, 3,975; from kerosene, 975; from distillate, 335; domestic demand, 5,087; stocks, 3,566.
d"Revisions for January-September 1952 and January-October 1953 will be shown later.
t Revised series. Data represent weighted averages based on quotations in 26 cities for all sizes of bituminous coal.
9 Includes nonmarketable catalyst coke. Such production for January 1954-March 1955 is as follows (thous. short tons): 156; 122; 139; 138; 130; 143; 188; 176; 164; 172; 176; 199; 198; 186' 184
| Revisions f o r 1952 appear o n p . S-35 o f t h e February a n d March 1954 issues o f t h e SURVET.
»
,
,
,
,
§ Revised to represent all quantities of fuel oil and diese! fuel purchased by class I railways (incl. switching and terminal companies), whether for locomotive, station, shop, or other use
Comparable data prior t o August 1953 will b e shown later.
"
i
t
.
r
.
SURVEY OF CURRENT BUSINESS
S-36
June 1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
May
April
June
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
May
April
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products — Continued
Lubricants:
4,204
4, 566
4,508
Production
thous ofbbl
3,321
3,208
3,189
Domestic demandt
do
9, 745
9,764
9,599
Stocks refinery end of month
do
1,456
1,281
1,429
Exports
do
Price, wholesale, bright stock (midcontinent,
.180
.180
.180
f o b Tulsa)
dol per gal
Motor fuel:
Gasoline (including aviation) :
i 102, 120 i 107, 952 i 104, 481
Production total
thous ofbbl
Gasoline and naphtha from crude oil
1
90, 074 1 95, 241 i 91, 956
thous. ofbbl __
8,861
9, 441
9, 423
Natural gasoline used at refineries
do
3,185
3,270
3,102
Natural gasoline sold to jobbers
do
Domestic demand
Stocks, end of month:
Finished gasoline
At refineries
Unfinished ^asoline
Natural gasoline and allied products
do
do
do
do
do
1
thous. of squares -
.180
.180
1
107, 893
1
108, 250
1
4,522
3,308
9,230
967
4, 475
3,285
9,183
1,180
. 180
.180
105, 325 1107,167
i 95, 092 i 94. 798 i 92, 126
10,487
9,828
10, 334
2,712
2,973
3,118
103, 866 i 104, 418 113, 037 i 112,231 * 110,223
1
1
4,470
3,086
9,475
1,035
4,544
2,961
9,702
1,295
4,565
3,180
10, 162
892
3,992
2,901
10, 087
1,094
4,602
3, 665
9,779
1,179
.180
.180
.180
.180
.180
105, 896 i 111,753 1112,808 i 102, 342 i 109, 838
i 93, 595 i 92, 249 i 98, 878
10,612
10, 604
10,099
2, 960
3,043
2, 776
104, 706 i 105, 607
1
.180
102, 393 i 104, 258
i 99, 419
10, 857
2,532
i 90, 424
9,451
2,467
i 96, 397
i 88, 464
i 97, 207
10, 067
2,564
1
105, 684
1
i 168, 301 168, 660 i 156, 526 i 149,045 i 1144, 615 i 1142, 437 i 141,046 1 142, 163 i 146, 679 i 159, 486 i 170, 422 i 172, 396
74, 780 i 73, 571 i 74, 291 i 80, 970 i 92, 092 i 101, 070 i 101,119
i 99, 155 i 96, 241 i 85, 569 i 79, 989
77, 159
8, 705
8,479
8,946
8, 878
8,553
8, 61 5
8,441
8,721
10, 076
8, 965
11,221
11,576
12, 295
15, 358
12, 973
13, 871
14, 998
15,379
15, 168
14, 038
12, 805
15, 703
15,868
12, 004
1,798
Exports (motor fuel, gasoline, jet fuel) §
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol per gal
Wholesale, regular grade (N. Y)
do
Retail, service stations, 50 cities _
_-do-_ Aviation gasoline:
Production total
thous. ofbbl
100-octane and above
do
Stocks total
do
100-octane and above
do
Asphalt :O
Production
-_do_ __
Stocks refinery end of month
do
Wax:0 '
Production
do
Stocks, refinery, end of month
do
Asphalt products, shipments:
Asphalt roofing total
Roll roofing and cap sheet:
Smooth surfaced
Mineral surfaced
Shingles, all types
Asphalt sidings
Saturated felts
4,563
3,374
9,035
1,341
4,386
3,419
9,251
1,264
2,277
.108
. 135
.214
a
.108
. 135
.218
7,532
5,841
10, 141
5,436
7, 869
6,680
10, 919
6,600
5,392
11, 530
434
612
r 4, 963
. 105
. 135
.214
2,202
2,384
.105
.125
.217
.105
.125
.213
.105
.125
.213
2, 056
. 105
.125
.213
2,154
1,765
1,641
1,559
.105
.125
.213
.105
.125
.211
.105
.125
.212
.105
.125
.214
.105
.125
.216
8,182
6, 435
9, 572
5, 483
8, 599
6,748
9,962
5,799
7,709
6,127
9,796
5, 841
7,966
6,209
9,876
6,051
7,717
6, 090
9, 506
5,730
8,561
7,008
9,218
5, 569
8,019
6,064
10, 130
6,113
7, 245
5,745
10, 302
6,380
8 217
5,934
10, 030
6,063
6, 88S
11, 383
9', 579
8,850
8,542
8,726
7,150
7,999
5,912
7,413
5,702
5,371
6,165
4,200
7,175
4,246
8,623
4,230
9,888
5,067
10, 869
474
663
409
609
433
597
408
571
453
567
450
572
485
589
404
562
433
579
427
578
466
542
' 5, 414 ' 6, 524 ' 5, 291
' 6, 069
r 7, 103
' 6, 129
5, 149
' 3, 134
3,190
3,264
5,533
6,099
'568
'674
r 1, 892
'84
r
56, 707
603
686
1, 902
85
62, 720
652
687
1, 925
79
81, 326
1, 134
1, 063
3, 33f
125
112, 726
1,088
1,100
3,912
98
89, 320
2,690
2,512
5,563
1,036
1,095
' 3, 284
r
.108
. 135
.216
2,084
8,490
6, 870
9,268
5,242
r
r
a r
-- -do __ a 1,020
' 1,030
do
0
'2,914
do
a r HI
do
short tons.. o ' 60,019
2, 341
r
r
r
'989
'993 r 1,153 '1,364
1,248
••1,328
••1,129
••1,343 ' 1.572 ' 1,338 ' 1,157
' 4, 035 r 3, 169 ! r 3, 573 ' 4, 167 ' 3, 543 r 3, 002
' 151
r 145 i
'142
' 112
' 124
'150
MIS
77, 264 r 90, 715 r 71,057 ' 74,951 ' 92. 242 r 74, 223 '71,952
' 1 , 161
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks end of month
Waste paper:
Receipts
Consumption
Stocks end of month
i
thous. of cords (128 cu. ft.)
do
do
--- -
short tons
do
_ do
2,OCO
2,371
5,288
2, 035
2, 457
4,867
2,308
2,475
4,699
2,304
2, 266
4,737
2,488
2, 515
4,708
2,487
2,414
4.794
2,701
2, 644
4, 854
2,557
2,579
4,840
2,645
2,417
5,070
2,823
2,680
5, 386
686, 600
668, 050
462, 590
662, 742
672, 590
453, 259
692,151
696, 500
447, 988
593, 086
576, 537
466, 326
670, 672
694, 972
440, 130
671,957
683, 164
419, 126
679, 893
702, 283
414,' 332
682, 749
678, 695
422, 740
674, 021
643, 691
454, 263
655, 291
686, 004
428, 747
643, 881 r 785, 696 741.320
676, 121 ' 785, 023 735, 150
397, 734 ' 398, 987 403, 924
1,484
56, 703
792,919
199, 339
37, 841
200, 064
96, 615
1,574
60, 742
854, 198
204, 781
39,831
202, 487
107, 026
1,562
64, 784
841, 999
200, 217
40, 123
202. 546
108, 715
1,416
55, 302
743, 809
182, 706
27, 634
193, 596
105, 428
1,605
71, 702
865, 602
207, 051
38, 769
203, 727
105, 102
1,505
61,825
802, 452
195, 329
3L 407
200,111
104,055
1,686
74, 840
921, 247
208, 075
34, 620
210, 356
109, 301
1,635
75, 558
891, 867
199, 166
35, 369
207, 820
104, 053
1,494
71,775
779, 533
190, 937
33, 068
203, 628
102, 368
1,658
77, 177
893, 237
210, 378
36, 043
212, 089
103, 911
1,570 T 1, 780
72, 169
82, 068
859, 752 961 040
194, 737 223, 270
34, 580
38, 377
205, 815 ' 233, 917
94, 903 110, 592
1, 710
70, 592
926, 929
226, 064
37, 534
224, 661
161,745
43, 819
33, 020
3,388
29, 965
178,010
52, 093
37,351
4,373
30, 851
188, 667
53, 150
41, 138
4,873
28, 707
174, 276
51, 060
33, 876
4,315
26, 289
177, 846
49, 317
33, 518
4,008
25, 218
176, 083
49, 791
36. 929
2,995
22, 749
182, 082
57. 239
38, 384
195, 442
61, 184
42, 645
2, 760
20, 852
157, 626
44, 067
32, 020
2,975
18, 440
173, 972
48, 954
37, 132
3,206
18, 366
166, 660 r 157, 297
54, 587
53, 628
35, 437
32, 767
2,673
2, 696
17, 960 ' 19, 320
157, 394
52, 102
35, 767
3, 196
22, 583
' 2, 647
' 2, 862
r
5, 348
2 193
2, 754
4,787
WOOD PULP
Production:
Total all grades
thous. of short tons
Dissolving and special alpha _
_ short tons,
Sulphate (paper grades)
do
Sulphite (paper grades)
do
Soda
_
- - - do_
Groundwood
do
Defibrated, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
short tons
Sulphate (paper grades)
do
Sulphite (paper grades)
do
Soda
do
Groundwood
do
2l! 251
Exports, all grades, total
-_do _
24, 229
34, 328
30, 680
59, 623
44, 894
49, 790
44, 131
39, 392
53, 394
48, 968
62, 264
54, 430
Imports, all grades, total
Dissolving and special alpha
Sulphate
Sulphite (paper grades)
Soda. _ _ _
Groundwood
do
do
do
- do
do _
do
152, 845
22, 309
66, 210
45,513
2,555
15, 866
151,008
17, 823
63, 66C
47,245
3,287
18,710
192, 698
21,413
89, 151
60, 188
3, 585
17, 043
163, 559
20, 340
78, 867
43, 738
2,477
17, 670
172, 705
18, 178
80, 693
48, 551
3,154
21,117
171,727
22, 724
72, 923
51,432
3,876
19,951
174, 891
16, 881
83, 849
51,624
3,201
18, 548
206, 427
19, 078
88, 053
68, 646
3,018
26, 028
169, 498
16, 675
72, 462
52, 242
3, 321
24, 174
160, 267
10, 206
68, 046
54, 894
2,733
23, 748
149, 146
13, 761
67, 875
46, 000
3,388
17, 622
208, 589
19, 083
94 981
69, 680
4, 259
19, 834
-
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
2,214
2, 367
2,294
2,238
2,272
1,991
' 2, 190
2,288
thous. of short tons__
2,161
2,345
2,249
' 2, 575 2,459
1,094
1,074
1,117
1,090
1,150
1,110
973
Paper (incl. building paper)
_ do
1,078
1,067
1,140
1,086 ' 1, 251 1,197
1,045
891
1,077
1,051
1,030
993
'990
1,040
Paperboard
do
971
1,066
1,036
1,181
1,129
126
130
127
132
131
133
140
133
123
Building board
do
138
144
127
133
l
' Revised.
v Preliminary.
See note "3" on p.3-35.
f
t Revisions for 1952 appear on p. S-35 of the Februaiy and M ,irch 1954 issuesof t le SURVE F.
OAsphal t— 5.5 bbl = 1 short ton; wax-— 1 bbl. = 2 80 Ib.
§ Revised effective w^ith the October 1954 issue of the SURVEY to cover i terns indj cated.
» Revisions for January-March 1954 (units as above): Asphalt roofing, 2,605; 2,887; 3,864; roll roofing "arid cap sheet—smooth surfaced, 587; 651; 821; mineral surfaced, 693; 689; 862; shingles,
all types, 1,325; 1,546; 2,181; asphalt sidings, 88; 93; 114; saturated felts, 49,142; 94,570; 56,913.
\ .
A
n-^V.^1
SURVEY OF CURRENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-37
1955
1954
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) :t
Orders new
short tons
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks end of month
do
Fine paper:
Orders new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks end of month
do
Printing paper:
Orders new
do
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
do
Price, wholesale, book paper. "A" grade, English
finish white f o b mill
dol. per 100 Ib
Coarse paper:
Orders new
short tons
Orders, unfilled, e n d o f month _ _ _ _ _
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada (incl. Newfoundland):
Production
do
Shipments from mills
_
do
Stocks at mills end of month
do
United States:
Consumption bv publishers
do
Production
__
_ _
do
Shipments from mills
do
Stocks, end of month:
At mills
_ _
do
At publishers
do
In transit to publishers
do
Imports
do
Price, rolls, contract, delivered to principal ports
dol. per short tonPaperboard (National Paperboard Association):
Orders new
thous. of short tons
Orders unfilled end of month
do
Production, total
_
do
Percent of activity -Paper products:
Shipping containers, corrugated and solid fiber,
shipments^
_ _mil. sq. ft. surface area
Folding paper boxes, value:
New orders
1947-49 =100. _
Shipments
do
843, 494
547, 633
874, 583
878, 354
410, 021
841, 999
533, 638
866, 681
858, 755
417, 941
882, 399
540, 558
869, 849
872, 942
414, 271
814, 525
587, 819
758, 760
756, 126
410, 562
881, 041
609, 967
888, 960
880, 206
421, 584
867, 980
612, 394
861.811
856, 917
428, 204
889, 447
603, 520
915,483
907. 515
431, 529
874, 399
586, 500
889, 438
885, o29
437, 830
899, 528
606, 314
852, 704
856, 74P
436, 197
972, 198
713, 450
929, 531
930, 057
445, 704
920, 270 1, 034, 000
702, 766 748, 000
879, 496 988, 000
875, 760 995, 000
422, 250 413; 000
975, 000
769, 000
965, 000
957, 000
423, 000
108, 483
57, 500
111,501
109, 879
97, 819
108, 140
56, 305
110, 282
107, 488
99, 287
110, 655
54, 190
113, 292
112, 059
100, 256
97, 310
64, 215
91,363
91,221
98,804
106,820
63, 587
112,279
106, 813
104, 741
108, 552
63, 230
110, 331
107, 736
109, 274
116, 182
62, 695
119, 167
113. 389
110, 361
114, 110
49, 454
116,306
111,707
110,621
124, 404
62, 182
118,1471
116, 19
115, 60f
117,488
62, 044
121,499
124, 663
111,117
125, 484
73, 070
116,663
119,163
108, 603
140, 000
78, 000
135, 000
137, 000
104, 000
134, 000
86, 000
128, 000
128, 000
107, 000
279, 943
258, 238
303, 684
311,678
157, 576
287, 338
249, 515
298, 138
300, 216
155, 498
320, 207
265, 175
299, 890
304, 524
149, 540
292,019
292, 305
256, 760
255, 785
150, 515
297, 809
295, 870
308, 034
306, 948
151 , 600
307, 601
302, 427
299, 596
297, 900
153, 295
308, 605
294, 558
311,139
310,482
153, 952
292,411
290, 345
302, 431
303, 304
153, 078
324, in
300, 129
290, 77?
297, 36f
146, 48^
345, 687
375, 230
313,879
309, 920
150,441
313, 528
359, 160
295, 390
292, 057
153, 774
348, 000
377, 000
331, 000
333, 000
152, 000
333, 000
384, 000
328, 000
328, 000
148, 000
13.80
13.80
13.80
13.80
13.80
13.80
13.80
13.80
13.80
14.00
14. 10
14.10
r> 14. 10
276, 225
117,975
276. 575
277, 423
85, 870
273,217
112, 185
283, 596
278, 859
91, 116
278, 907
111, 330
285, 178
279, 933
97, 445
265, 092
120, 685
252, 002
249, 880
95, 198
302,, 502
140, 375
293, 602
289, 863
99, 898
283, 590
138, 597
281, 316
280, 946
99, 935
285, 726
136,413
301, 887
302, 127
98, 741
290, 966
132, 982
297, 084
297, 306
96, 021
286, 546
128, 452
278, 058
281,49?
90, 57£
306, 833
152, 296
302, 253
298,916
105, 718
304, 226
149, 642
293, 089
287, 841
88, 954
345, 000
172, 000
323, 000
324, 000
88, 000
327, 000
177, 000
318, 000
319, 000
87, 000
500, 199
503, 292
185 974
497, 221
497, 561
185, 634
490, 726
523, 966
152, 394
503, 979
481, 686
174, 687
503, 145
518, 844
158, 988
491, 153
482, 559
167, 582
525, 996
541. 835
151, 743
522, 109
542, 994
130, 858
500, 119
505, 987
124, 990
490, 822
466, 253
149, 559
479, 286
464, 060
164, 785
539, 129
512, 033
191. 881
518, 627
540, 516
169, 992
414, 877
89, 839
88, 968
422, 157
96, 670
98, 716
384, 444
96, 564
96, 148
338, 471
96, 324
96, 597
360, 825
99, 492
98, 503
388, 321
96, 592
98, 202
437, 191
110,328
107, 407
420, 422
106, 479
107, 920
407, 980
109, 217
111, 526
383, 520
115,577
113,882
365, 221 438, 895 431, 788
109, 924 ' 125, 456 120, 917
110, 597 125, 065 121,098
9, 557
484, 226
81, 181
399, 824
7, 511
446, 739
72, 300
411, 804
7,927
453, 407
80, 566
438, 833
7,654
481, 612
71, 086
393, 098
8,643
508, 703
66, 199
434, 107
7,033
490, 256
64, 769
396, 943
9, 954
448, 907
77, 057
415,231
8,513
434, 131
88, 372
455, 406
6,204
439, 446
76, 917
445, 761
7,899
417, 757
131,058
392, 506
7,226
412, 197
87, 686
364, 320
7,617
383, 069
82, 644
435, 767
:::::::::
7, 436
369, 230
78, 792
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
997.4
369.1
1,014.6
88
1, 086. 6
364.2
1,056.5
90
1, 033. 1
359.8
1, 054. 6
89
964.3
390.3
916.8
74
1, 044. 0
330.7
1, 068. 5
92
1, 069. 0
428.8
1, 004. 1
88
1,092.4
390.5
1, 105. 7
94
1, 078. 9
343.2
1, 102. 1
93
1,067.3
363.0
1,055.1
82
1,020.3
450.7
1,013.5
92
1,085.0
523. 4
1,043.1
95
1,311.7
515.7
1, 214. 1
96
6.952
6,714
6,785
6,250
7,010
7,242
7,626
7,195
7,051
6,808
6,870
8,226
7,863
198.6
182.2
164.5
165.1
203.1
179.9
173.7
159. 9
199.8
183.9
194.1
180.0
187.2
186.9
168.0
177.2
179.8
168.2
184.6
172.2
176.5
151.7
193.7
178.8
188.0
167.9
1,101
894
207
1,391
1,101
290
781
644
137
923
714
209
802
661
141
888
754
134
1,408
1,198
210
941
811
130
860
701
159
971
771
200
950
756
194
1,102
855
247
1, 175
965
210
53, 326
105, 025
45, 474
55 096
102, 943
43, 557
56 911
101, 050
49, 941
50 997
97, 189
50, 880
58 472
102, 058
61, 250
52 954
101, 538
125. 75 v 125.75
1,163.1
507.6
1, 142. 2
95
PRINTING
Book publication total
New books
New editions
number of editions
do
do
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
Stocks, end of month_
__ __ _ _ _ d o _ _
Imports, including latex and guayulet - - - - - do _
Price, wholesale, smoked sheets (New York)
dol. p e r l b _ _
Chemical (synthetic):
Production _
_
long tons
Consumption
_
_
do _
Stocks, end of month
do
Exports
_ _
_
do
Reclaimed rubber:
Production
-do
Consumption
do
Stocks, end of month
__
__
__do
51, 451
106, 564
49, 855
51, 398
104, 377
55, 983
54, 253
104, 541
66, 698
37, 894
109, 564
40, 601
38, 069
124, 810
59, 124
52, 412
119, 191
48, 618
55, 976
115,970
49, 432
.214
.213
.231
.244
.231
.241
.265
.273
.288
.325
47, 581
53, 654
174, 983
2,358
46, 554
52, 628
167, 583
2,759
45, 954
57, 195
157, 172
2,032
46, 964
41, 552
162, 944
3,228
48, 807
42, 051
170, 159
3,018
51, 384
53, 878
161, 662
2,161
55, 644
58, 3G9
161,167
3,294
55, 018
57, 287
156, 905
2,908
58, 456
64, 130
150 175
2,672
69 929
68 379
147 813
3,422
21, 628
21, 883
31, 359
21, 184
20, 536
31, 105
22, 207
22, 321
30, 845
17, 907
16, 301
31,304
15, 444
17, 660
27, 692
22, 332
19,926
29, 632
23, 444
22, 098
30, 395
22, 915
22, 321
29, 451
25 762
24 546
30 746
25 237
25 322
29, 656
thousands. _
do
do
do
do
_
do
do
8,065
8,243
3,131
4, 935
176
15, 906
178
7,965
8,319
3,020
5,115
184
15, 504
193
8,796
9,079
2,890
6,029
160
15, 218
167
6,360
8,885
2,782
5,949
155
12, 640
136
5,427
8,080
2,527
5,429
123
9,985
116
7,279
6,269
1,601
4, 537
130
11, 184
131
7,869
6,266
1, 808
4,251
147
12, 799
120
7,626
6 842
3 124
3,560
158
13, 676
147
8,444
7 346
3,707
3,470
169
14, 774
141
040
911
785
967
159
14 949
134
8 745
8 272
3 833
4 281
157
15 368
155
do
do
do
do --
6,266
6,001
11,234
89
5,909
6,002
11, 170
104
5,739
6,631
10, 379
68
4,132
6,257
8,429
67
3,773
5,748
6,588
73
4,490
4,034
7,179
'65
3,953
3,087
8,313
62
3 246
2,681
8 706
69
3 201
2,569
9 299
70
3 089
4 116
8 252
58
2 850
2 862
8 244
81
.354
T
r
.313
.322
67 679 r 78 506
67 614
77 118
141 660 r 143 513
4' 454
3,148
76 062
71 728
141 841
r 29 574
r 28 674
r
30 311
26 686
26 590
29 785
25 332
24 333
30 125
.314
TIRES AND TUBES
Pneumatic casings: cf
Production
Shipments total
Original equipment
Replacement equipment
Export
Stocks, end of month
Exports
Inner tubes: cf
Production
Shipments
Stocks end of month
Exports "
r
_
9
8
3
4
083
907
780
926
201
15 609
180
9 153
9 937
4 457
5 315
165
14 890
3 234
3 327
8 217
96
2 836
3 250
7 963
10
9
4
4
Revised.
» Preliminary.
t Revisions for 1947-April 1953 for paper will be shown later; data prior to 1947 for unfilled orders and stocks of paper are on a different basis from revised figures, hence not comparable.
Revisions for January 1952-February 1953 for shipping containers and for various months in 1952 for rubber imports appear in the May 1954 SURVEY.
cf Data for production, shipments, and stocks have been revised beginning January 1953. Revisions prior to June 1953 are available upon request.
SURVEY OF CUEEENT BUSINESS
S-38
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
June 1955
1954
April
May
June
1955
DecemAugust SeptemOctober November
ber
ber
July
January
February
March
April
May
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments — reams..
163,553
162,256
177, 518
142, 262
151, 217
thous. of bbl
21, 730
23,279
22, 802
25, 482
25, 698
thous. of bbl
do
do -
23, 589
27, 045
11,681
24,911
25, 412
10, 392
28, 632
19, 674
8,585
27, 702
17, 524
7,203
28, 887
14, 408
6,029
514, 238
532, 442
522, 589
527, 964
554, 413
588, 209
537, 984
573, 536
582, 952
586, 532
576, 185
589, 340
173, 046
169, 267
167, 960
25 522
25, 887
23 826
22, 290
29 032
10, 909
4 720
27 134
9,667
3 806
22 766
10, 732
3 634
16 347
16 722
5 274
561, 190
571, 103
557, 097
548, 588
519, 144
464 080
171,087
181, 812
178, 210 ' 209, 147
194, 005
PORTLAND CEMENT
Production
.
Percent of capacity
Shipments
Stocks, finished, end of month.
Stocks, clinker, end of month
- _
93
96
97
102
103
106
104
98
89
17 612
22, 409
14 031
27, 018
10 812
22 941
26, 486
12 452
445, 775
405 001
562, 507
568 375
20 231
r
81
13 520
23, 436
7 888
r
r
r
78
90
CLAY PRODUCTS
Brick, unglazed:
Production^
thous. of standard brick. _
Shipments t
- do
Price, wholesale, common, composite, f. o. b.
plant
- dol. per thous
Clay sewer pipe, vitrified :t
Production
short tons
Shipments
do
Structural tile, unglazed :t
Production
do
Shipments
do
468, 522
412 028
28. 151
28. 151
28. 151
28. 193
28. 289
28. 382
28.382
28. 430
28. 430
28. 642
28.559
28. 559
138, 364
143, 050
136, 696
139, 563
151, 249
150, 497
135, 475
153 426
148, 594
162 363
156, 115
157, 590
148, 169
153 246
148, 573
140 320
151, 619
121 607
132 268
100 512
133 933
108 975
163, 417
148 750
83, 211
80, 703
83, 272
81, 331
86, 670
83, 562
83, 890
78, 663
84, 626
80,906
81, 278
77, 095
81, 367
79, 160
79, 699
71, 874
68 621
64, 351
65 827
63 716
65 438
59 583
73 118
69, 763
10,824
9,339
11, 621
10, 915
11, 275
11, 072
10, 850
9,970
11, 429
11, 148
9,929
10, 730
10, 908
10, 145
9,305
9,255
8,538
8,891
10, 449
9,593
10, 211
9,177
11, 293
10, 930
11, 045
10, 422
28. 652
GLASS PRODUCTS
Glass containers:
Production
thous. of gross. .
Shipments, domestic, total do
General-use food:
Narrow-neck food
- do . Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. of gross..
Beverage (returnable and nonreturnable)
thous. of 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 householdware, shipments
thous. of dozens. _
1,144
1,365
1,037
925
1,098
1,511
1,121
830
767
833
846
1,038
1,052
2,519
2,869
2,803
2,930
3,724
3,210
3,033
2,670
2,514
3,016
2,719
2,836
2,699
776
818
923
1,004
1,167
1,051
2,355
1,268
1,233
1,033
2,536
912
525
900
950
343
677
325
586
506
677
1,165
2, 536
1,408
2,452
310
561
392
596
847
455
536
976
853
854
2,060
906
193
908
196
948
214
1,133
856
2,172
825
217
2,669
996
286
985
303
977
243
1,304
2,409
1,012
2 369
926
245
757
289
2 772
2,564
1,257
2 894
923
214
903
178
997
201
980
1,070
1,097
2 399
'930
195
13, 395
13, 783
13, 745
14, 353
14, 397
13, 336
13, 721
13, 461
12, 892
13 301
14, 058
14 247
14,521
6,075
' 5, 858
9,852
5,651
5,932
9,297
4,963
5,399
8,850
3,943
4,616
8,751
5,131
« 5, 220
8,652
5,122
4,768
9,036
5,780
6,270
8,535
5,489
4,888
9,181
4,568
4,237
9,450
5,492
4,897
5,254
4,721
5,725
5,619
5, 513
7,799
3,148
2,987
2,827
2,606
2,966
3,503
4,175
3,180
2,853
2,752
3,089
3,672
3,084
12, 776
12, 335
12, 969
14, 162
12,001
i 2, 050
1320
i 4, 980
1,848
1,816
5,712
4,944
288
12,065
1335
i 5, 940
5,856
1,840
1,876
i 2, 225
1,908
388
300
1435
1415
416
360
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous of short tons
Production
do
Calcined production Quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building plasters
do _
Lath
"
thous. of sq. ft
Tile
do
Wallboardd"1
do
Industrial plasters
short tons ..
2,261
1,894
881
1,140
2,396
2,070
2,550
2,026
687, 950
746, 827
814, 663
437 736
12, 251
224, 711
634, 857
7, 66*
1, 044, 226
62, 087
493, 276
13, 984
266, 419
688, 526
8,335
1,070 718
60, 138
400, 172
12, 114
254, 640
641, 847
8,303
1, 136, 922
66, 327
838
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
thous. of dozen pairs. _
Men's apparel, cuttings:* 1
Tailored garments:
Suits
thous. of units. _
Overcoats and topcoats
_ _
_ do
Trousers (separate), dress and sport
do
Shirts (woven fabrics), dress and sport
thous. of doz
Work clothing:
Dungarees and waistband overalls _
do
Shirts
do-_
' 12, 639 ' 10, 840
r
12, 312
' 10, 811 «" 13, 685
944
280
' 15, 156 «• 14, 454
' 14, 560
1,408
1,520
3,312
4,032
i 1, 655
1440
1 4, 620
1,592
4,752
i 1, 630
1510
1
4, 680
1,456
5,136
4,464
4,272
1,836
1,604
i 1, 550
1,288
1,556
1 1, 795
1,692
1,728
384
392
340
388
1345
1420
288
300
392
396
i 435
1430
408
384
360
364
320
392
1,660
480
352
324
r
1
1, 715
i 340
i 265
296
352
300
1,636
372
Women's, misses', juniors' outerwear, cuttings:*
1,542
771
1,650
2,269
Coats
tnous. of units
2,751
2,463
2. 035
2,187
2,217
2 452
2,896
2 110
1 146
' 28, 046
24,465
20,429
20, 892
21, 091
20, 604
17, 593
28,675
16, 577
18, 511
18, 675
Dresses
_ do
17, 157
30, 072
747
475
1,464
971
1,203
1,257
738
1,158
Suits.
_
___
do
874
1,846
880
1,756
1,773
1,200
1,189
1,036
986
1,150
1,073
1,234
1.140
1.248
1.446
Waists, blouses, and shirts
thous. of doz.__
1.289
1,358
1.170
p
Revised.
* Preliminary.
i Data cover a 5-week period.
tRevisions for 1952 are shown in the August 1953 SURVEY.
c? Includes laminated board (reported as component board) also sheathing and formboard.
*New series. Compiled by the U. 8. Department of Commerce, Bureau of the Census. Data are estimated industry totals derived as follows: Men's apparel—estimates beginning 1954
are based on a monthly sample survey of manufacturers, accounting for approximately 75 percent of total production; data prior to 1954 are based on a sample covering establishments that
accounted for about 90 percent of the total 1950 cuttings of these items. Women's outerwear—based on reports from establishments classified in the women's principal outerwear industries for
the specified items; monthly data beginning January 1954 are estimated from reports of producers that account for approximately 75 percent of total output. Data prior to 1952 for all series
and for January-December 1952 for men's dungarees and waistband overalls will be shown later; data for 1952 (except men's dungarees, etc.) are shown at bottom of p. S-38 of the December
1953 SURVEY.
IData for June, September, and December 1954 and March 1955 cover 5-week periods and for other months, 4 weeks.
• Includes cumulative revisions for June-August 1954,
SURVEY OF CURRENT BUSINESS
June 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-39
1954
April
June
May
1955
DecemAugust SeptemOctober November
ber
ber
July
January
February
March
April
May
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive oflinters):
Production:
Ginnings§
__ _ thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous, of bales .
659, 300
Consumption^
bales
Stocks in the United States, end of month,
12, 351
totarf
thous. of bales. _
12. 276
Domestic cotton, total
do
872
On farms and in transit
_
do _ _
9,720
Public storage and compresses
do
1,684
Consuming establishments
do._ _
75
Foreign cotton, total
.
do
Exports
_
bales
Imports9
_ _ do
Prices (farm), American upland 15
cents per Ib
Prices, wholesale, middling,
/i&", average 10
markets
cents per Ib
Cotton lintersrH
Consumption
__
thous. of bales
Production
do
Stocks, end of month
_
do
389
1,694
5,691
9,670
1 13, 039
12, 439
2
3
13, 405
13, 601
3
645, 472
4
778, 558 541,553
667, 443
21, 996
21, 917
12, 631
11, 386
11, 305
802
8,962
1,540
81
10, 183
10, 106
559
8,189
1,358
77
9,728
9,653
255
8,224
422, 048
24, 163
31.6
336, 120
11, 679
32.2
434, 934
8,177
32.3
34.2
34.4
34.2
105
150
r
1, 587
108
115
1,637
64, 206
6, 242
47, 243
4,732
49, 818
26.75
34.9
15.4
16.5
26.28
34.9
15.3
16.3
26.50
34.9
15.4
16.3
.630
.921
.627
.917
20, 715
19, 457
20, 627
19, 325
4
4
815 315
706 603
703 697
20, 992
20, 921
19, 948
19 884
18, 863
18, 804
8,990
5,803
199, 322
6,538
389, 625
9,941
34.0
34.6
350 853
6 635
34 7
33 2
496 566
10 129
32 7
34.4
34.2
34.5
34 3
33 9
34 1
96
64
112
82
117
224
117
214
1 666
1 763
113
4 196
1 785
1, 525
48, 282
47,160
50, 809
5,110
7,622
55 821
6 907
48 5ll
10 887
34.7
15.8
16.3
26.51
35.9
16.3
16.4
26.00
26.60
35 9
16.5
16.5
.633
.921
.636
.917
.633
.917
.633
.919
20, 646
19, 332
20, 606
19, 286
20,633
20,634
11 162
1,774
334, 157
16, 489
32.5
307, 456
16, 805
31.7
369, 241
28, 374
31 9
31 9
31 5
34.2
34.2
33 7
33 6
33 9
125
187
115
166
62
59
189,585
1,546
4
84
1,589
11, 848
1,832
63
64
227, 855
8.719
32.2
4
4
12, 668
1,843
16, 463
16, 401
1,190
13, 445
1,767
13, 803
1,517
6,898
13, 461
13 395
17, 580
17 516
2, 057
13 824
1,635
12 733
1,348
71
14, 295
14, 236
720 815
10, 862
1,069
75
696 354
15, 351
15, 242
711 286
8,304
982
79
1,174
13, 679
892 892
801 748
3,484
100
177
1,587
113
4
4
4
731
556
109
58
4
4
137
140
1,793
1,831
1,827
52 641
9 953
44, 123
47, 427
7,035
64 552
10, 940
26 80
35 9
16 3
16.6
26.50
27.29
34.9
16.5
16.6
27.37
27.78
35 1
15.9
16.6
.642
.931
.637
.642
931
933
.659
.931
20, 696
19, 295
20,782
20,626
20,782
9,735
493
9,042
9,464
485
8,768
459
66
135
102
1,738
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterly cf
mil. of linear yards
Exports
thous of sq yd
Imports 9
_
__ do
Prices, wholesale:
Mill margins
cents per Ib
Denim, 28-inch
_
cents per yd
Print cloth, 39-inch, 68 x 72
_.
do
Sheeting, in grav, 40-inch, 48 x 44-48
do ...
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded, weaving
dol. per lb. .
36/2 combed, knitting
_
do
Spindle activity (cotton system spindles) :J
Active spindles, last working day, total
Consuming 100 percent cotton
thous. .
do
Spindle hours operated, all fibers, total. _.mil. of br._
Average per working day
do
Consuming 100 percent cotton
do
Operations as percent of capacity
8,991
457
8,475
125.3
8,932
447
8,366
122.6
2,454
4,283
4
10, 939
4
10, 216
4
122. 8
447
4,355
26.48
7,066
372
6,578
102.4
2,302
35.9
16.5
16.4
19, 306
19, 276
4
11, 222
4
126.2
10, 455
4
126. 0
53.2
35.8
62.1
32.4
9,171
45S
8,583
458
2,495
19 136
19 348
7,683
34.9
16.5
16.6
27 36
*>34 9
34 9
16.3
16.6
Pl6 0
»16. 5
.664
.947
.665
.947
P. 664
P 945
19, 282
20, 954
19, 429
20, 892
19, 365
20, 674
19 160
10, 046
4
12, 400
4
142 5
11, 485
4
138 5
9,594
488
8,854
4
11, 059
4
442
9,934
497
134 6
10, 239
4
122 5
9,184
138 0
64.2
32.4
66.9
33 5
70.4
34 9
65.8
35 4
67.9
33 0
83.9
39 1
77.5
33 1
71.6
30 4
40 1
21 1
136.3
511
9,299
496
136 8
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
_mil. of lb_.
Staple (incl. tow)
_ __ _
do
Stocks, producers', end of month:
Filament yarn
do
Staple (incl. tow)
do
Imports..
_ _ _ thous. of lb
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping
point
dol. per lb.Staple, viscose, \\k denier
do
Rayon and acetate broad-woven goods, production,
quarterly cT
thous of linear yards
60.4
28.9
58.3
32.1
57.9
35.7
53.1
32.1
69.8
2&3
3,509
68.5
27.9
2,178
67.0
28.0
3,106
61.4
33.1
2,940
5,785
7,535
8,300
58 9
33 6
9 915
55 6
32 0
12 696
55 5
28 6
11, 906
50 4
25 8
11 356
44 6
22 2
17 734
39 3
22 1
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
,780
.780
.780
.336
.780
.830
P . 830
P 336
SILK
Silk, raw:
Imports
--thous. of lb_.
Price, wholesale, white, Japanese, 20/22 denier, 87%
(AA), f. o. b. warehouse
dol. per lb._
1,051
671
843
654
890
567
814
111
692
1,400
812
879
5.07
5.03
4.53
4.55
4.68
4.83
4.75
4.78
4.60
4.61
4.53
4.46
»4.56
thous. of lb_.
do
21, 735
9,237
23, 040
8,319
28, 084
9, 286
21, 301
5,903
23,760
9,253
24, 813
11, 578
20, 048
19,043
23, 100
11 190
21, 349
9 960
22, 725 '* 27, 121
10 195 4 12 676
22, 734
10 404
Imports, clean content?
_do.
Apparel class (dutiable), clean content*
-do _ _ _
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. perlb._
Bright fleece, 56s-58s, clean basis
do
Australian, 64s, 70s, good topmaking, clean basis, in
bond
dol. per lb__
22, 135
10,830
19, 868
10, 553
21, 603
19, 012
8,989
18, 478
9,401
17, 757
8,085
16, 998
8,316
13, 897
14 453
7,828
19 629
12, 029
17 956
9,313
26 938
13, 071
1.688
1.160
1.731
1.184
1.767
1.187
1.756
1.166
1.762
1.211
1.771
1.220
1.712
1.196
1.600
1.075
1.560
1.135
1.550
1.146
1.556
1.191
1.535
1.138
1.495
1.095
1.475
1.072
1.725
1.725
1.725
1. 725
1.725
1.725
1. 725
1.675
1.625
1.525
1.475
1.475
1.475
1.475
70.2
29.0
73.2
30.1
383,248
64.8
30.3
336
336
336
r 464 858
407, 576
336
475 691
WOOL
Consumption, mill (clean basis) f[\
Apparel class
Carpet class
r
4
4
12,385
4
4
9,502
9 172
7,884
4
4
Revised, f Preliminary. 1 Ginnings to December 13. 2 Qinnings to January 16. 3 Total ginnings of 1954 crop. 4 Data cover a 5-week period.
§Total ginnings to end of month indicated.
\Data for June, September, and December 1954 and March 1955 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of neriod covered
9 Revisions for 1952 appear in corresponding note in April 1954 SURVEY.
*New series. Imports of wool are compiled by the U. S. Department of Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be
shown later.
tRe visions for 1962 are shown in the August 1953 SURVEY.
c? Re visions for broad-woven goods for first and second quarters of 1952 are shown in the October 1953 SURVEY.
SURVEY OF CURRENT BUSINESS
S-40
June 1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
April
Supplement to the Survey
May
June
July
1955
August
SeptemDecemOctober November
ber
ber
January
February
March
April
May
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
dol. per Ib
Woolen and worsted woven goods, except woven
felts :t
Production, quarterly, total
thous. of lin. y d _ _
Apparel fabrics, total
_ _ ._ _
_. _ _ d o Government orders
do
Other than Government orders, total _.. -do _
Men's and boys'
do
Women's and children's.
do...
2.037
2.037
2.043
2.043
2.037
69, 440
63, 559
62, 989
30, 078
32, 911
72, 493
67,r 604
458
67, 146
28 043
39 103
5,881
3, 346
2 535
4 889
2 949
1 940
570
Nonapparel fabrics, total __ do
Blanketing
______
_ do
Other nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz /yd., 57"/60"
1947-49=100
Gabardine IQ}4-12% oz /yd 56"/60"O
do
112.1
102.6
112.1
103.6
2.037
112.9
103 6
112.9
103 6
112.9
103 6
112 9
103 6
2. 013
1.928
1.989
1.928
1.916
v 1. 880
73, 510
68, 941
1,823
67, 118
35, 754
31, 364
f 74, 972
r r69, 476
1,208
r
68, 268
* 34 038
f 34, 230
r
r
r
4 569
2,614
1 955
5 496
2 554
2 942
111 6
103 6
1.916
112 1
153 6
112 1
103 6
112.1
103 6
112.1
97.3
112.1
97.3
112. 1
97 3
438
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft, shipments
Exports 9
-
--
359
116
309
95
316
67
293
105
number
do
do _
do
do___
do
do._.
631, 769
379
348
534, 667
515,192
96, 723
79, 439
588, 562
274
251
497, 062
478, 889
91,226
73, 712
598, 876
351
349
507, 055
489, 994
91,470
74, 250
530 416
246
190
451, 663
437, 028
78, 507
62, 161
do
do_ _
do
45, 725
24, 836
20, 889
37, 479
18,296
19, 183
30, 254
14,697
1 5, 557
4, 746
4,535
1,865
2,670
211
4,844
4,638
1,934
2,704
206
508, 102
75, 504
number
__do
265
83
174
61
288
108
290
87
350
183
357
115
478
162
521 450
309
306
445 306
431, 371
75 835
60, 263
369 942
326
314
300 998
292, 721
68 618
50, 845
287 730
397
385
221, 195
214,913
66, 138
48, 966
587 785
305
251
498 248
477, 927
89 232
72, 862
766 169
422
332
669, 936
643, 763
95 811
79, 767
725,379
190
185
635,513
611,040
89, 676
73, 949
744,942
176
148
677, 705
648,616
67,061
55, 253
894, 597
325
267
791, 280
765, 663
102, 992
86, 070
29, 154
13,210
15, 944
26 794
11 519
15 275
26 645
9, 556
17 089
22, 224
6, 357
15 867
29 261
12,519
16 742
34 849
20, 393
14 456
21, 550
16, 918
36,092
23, 25!
12,836
37, 131
24, 136
12, 995
5, 248
4,977
2,479
2 498
271
3,678
3 457
1,858
1 599
221
3 899
3 740
2 052
1 688
159
4 271
4 105
2 256
1 849
166
4,521
4 356
2,551
1 805
165
4 876
4 743
2 822
1 921
133
4 925
4 726
2 823
1 903
199
4,750
4,602
2,849
1,753
148
5,226
5,029
3,091
1,938
197
6,402
6,140
3,739
2,401
262
6,360
5,834
3,704
2, 130
526
520, 958
78, 209
596 719
85, 858
474 316
65 181
440 312
64 180
407 844
66 174
395 943
71 254
381 081
64 735
656 611
69 838
440, 024
62, 231
476,584
56, 242
636, 534
64, 732
651, 855
79, 071
4, 195
3,138
2,981
1,057
3,658
2,513
2,028
1,145
2 683
1,263
1,230
1,420
2 051
955
705
1,096
2 450
990
837
1,460
2 958
1,600
1,208
1,358
2 348
1,338
807
1,010
1,770
1,085
617
685
2 232
1,428
1,369
804
2,008
1,599
1,599
409
2,572
2,032
1,882
540
3,133
2,368
2,068
765
3,075
1,989
1,664
1,086
572
330
64
44
541
314
41
26
500
285
44
30
502
316
65
34
450
291
52
25
587
448
42
22
563
434
38
25
514
405
54
34
757
671
57
34
761
693
40
18
725
672
36
21
953
918
45
27
920
896
36
25
1,771
1,768
1,764
1, 757
1,753
1,750
1,745
1,739
1,736
1,733
1,730
1,727
1,723
104
5.8
13, 964
2,132
11, 832
112
6.3
12, 169
1,214
10, 955
116
6.6
11, 429
1, 793
9 636
118
6.7
10, 334
1,731
8,603
122
6.9
11,016
3,911
7,105
126
7 2
10, 232
4,403
5,829
123
7.0
11, 785
4,952
6,833
120
6.9
13, 639
6,581
7,058
116
6.7
13, 624
6,078
7,546
121
7.0
16,970
7,248
9,722
124
7.1
17,096
6,981
10,115
117
6.8
18, 001
6,240
11,761
114
6.6
18, 193
6,235
11, 958
1,169
11.1
1,180
11.4
1,117
11. 1
1,081
11.0
1,102
11.4
1,233
13.1
1,237
13.5
1,226
13.9
1,227
14.5
1,290
15.6
1,298
16.1
1,215
15.7
1 247
16.5
300
170
124
133
99
115
158
267
493
472
45.
428
360
57
46
36
42
34
39
32
33
29
28
42
45
366
445
445
413
357
357
348
359
394
342
1,449
387
359
1,652
444
425
1,808
507
' 265
68
r
MOTOR VEHICLES
Factory sales, total
Coaches, total
Domestic Passenger cars, total
Domestic _
Trucks total
Domestic
Exports, total 9
Passenger cars 9
Trucks and buses 9
_
_.
_ __
_
._
_ __
-
Truck trailers, production, total
Complete trailerscf_.
Vans_ _ _
All other c?
Trailer chassis
do __
do
_ _ __do _
do
do
Registrations:
New passenger cars
New commercial cars. _
do
do
r
881, 840
519
501
753, 434 v 2 724, 000
727, 907
127, 887 pH30~000
110, 205
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
Equipment manufacturers, total
Domestic.—
Railroad shops, domestic
number
do
do
do
Passenger cars, equipment manufacturers:©
Orders unfilled, end of month, total*
Domestic
___ _ __ .
Shipments, total
Domestic
_ _ _ _
do
do
do
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
Diesel-electric and electric: Orders, unfilled
number of power units. _
Exports of locomotives, total!
number
INDUSTRIAL TRUCKS AND TRACTORS
Shipments:
Trucks, electric (rider-type)
Trucks and tractors, gasoline-powered*
Trucks, hand (motorized)*
number
do _.
do
406
1,647
476
' Revised.
» Preliminary.
1 Beginning January 1955, data include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total; January exports of such types totaled 8 aircraft.
2 Preliminary estimate of production based on Ward's Automotive Reports. Production for preceding month: 754,000 passenger cars; 129,000 trucks.
{Revisions for 1952 are shown in the August 1953 SURVEY.
©Width of cloth relates to that currently used; change, does not affect the comparability of the series.
9 Data exclude all military-type exports. Scattered monthly revisions for 1952 for motor vehicles will be shown later.
d* Revised beginning 1952 to include production of converter dollies; data as revised are comparable with figures through 1951 shown in the 1953 issue of BUSINESS STATISTICS. Revisions
for January-September 1952 are shown in the December 1953 SURVEY.
©Excludes railroad shops except when noted.
*New series; monthly data prior to 1953 (except for trucks and tractors) will be shown later.
§Not including railroad-owned private refrigerator cars.
^Revised exports for May 1952, 41 locomotives.
U. S. G O V E R N M E N T P R I N T I N G OFFICE: 1955
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated) ____________ 38
Acids ____________________________________ 24
Advertising ____________________ ___________ 8
Agricultural employment ___________________ 11
Agricultural Loans and foreign trade ____ 16,17,21,22
Aircraft and parts ____ _ ________ _ 2,11,12,14,15,40
Airline operations __________________ _______ 23
Alcohol, denatured and ethyl __________ ------ 24
Alcoholic beverages_____________________2,6,8,27
Aluminum ________ _______________________ 33
Animal fats, greases, and oils ________________ 25
Anthracite______________________11,13,14,15,34
Apparel.... _ _ .______2, 3, 6, 8, 9, 10, 12, 13, 14, 15, 38
Asphalt and asphalt products ____ _ __________ 36
Automobiles _______ 2, 3, 8, 9, 11, 12, 14, 15, 16, 22, 40
Bakery products__________________2,12,13,14,15
Balance of payments ______________ _
-------21
Banking_________________________________14,16
Barley ________ _______ _______ _____________ 28
Barrels and drums _________________________ 32
Battery shipments________________________34
Beef and veal _____________________________ 29
Beverages _________________ 2, 6,8, 12, 13, 14, 15,27
Bituminous coal __________________ 11, 13, 14, 15,35
Blast furnaces, steel works, etc ________ 11,12, 14, 15
Blowers and fans __________________________ 34
Bonds, issues, prices, sales, yields ------------ 19, 20
Book publication ____________________ _
.....
37
Brass______________._____- -------- - ------ 33
Brick____________________________________—
38
Brokers' loans and balances -------- ---------- 16,19
Building and construction materials _________ 8, 9, 10
Building costs__________________. ----------- 7, 8
Business incorporations, new ___ _____________ 5
Business sales and inventories ___________ ---- 3
Butter________________.---------......... 27
Cans (metal), closures, crowns ________________ 33
Carloadings
-----------------------------23
Cattle and calves __________________________ 29
Cement and concrete products_________________6, 38
Cereals and bakery products ____ ---- 6, 12, 13, 14, 15
Chain-store sales (11 stores and over only) ----- 10
Cheese ___________________________________ 27
Chemicals _________ 2, 3, 4, 6, 12, 13, 14, 15, 18, 22, 24
Cigarettes and cigars_______________________6,30
Civilian employees, Federal __________________ 12
Clay products (see also Stone, clay, etc)_________6, 38
Coal ____________ 2,3,6,11,13,14,15,22,23,34,35
Cocoa _____ _ _________________ ..... -- ...... 22,29
Coffee ___________________________________ 22,29
Coke____________________________-______- 23,35
Commercial and industrial failures ___________ 5
Communications ___________ 11, 13, 14, 15, 19, 20, 24
Confectionery, sales. _ ,
_____________________
29
Construction:
Contracts awarded ________________________ 7
Costs__________________________________7,8
Dwelling units __________________________ 7
Employment, earnings, hours, wage rates-11,
13, 14, 15
Highways and roads ___________ --------- 7,8, 15
New construction, dollar value ____________ 1,7
Consumer credit _______ _ - _ ---------------- 16, 17
Consumer durables output, index -,
----------3
Consumer expenditures ___________________ _ 1,9
Consumer price index_________________. ---- .
6
Copper ____________ ---------------------- 22,33
Copra and coconut oil _______________________ 25
Corn ___________________________ _ ________ 19,28
Cost-of-living index (see Consumer price
index) ________________ ........ _________ 6
Cotton, raw and manufactures ________ 2, 5, 6, 22, 39
Cottonseed, cake and meal, oil _________ ...... _
25
Credit, short- and intermediate-term _________ 16, 17
Crops__________________________2,5,25,28,30,39
Crude oil and natural gas ___________________ 2,3
Currency in circulation _____________________ 18
Dairy products _____________ 2, 5, 6, 12, 13, 14, 15, 27
Debits, bank ______________________________ 16
Debt, United States Government ____________ 17
Department stores ______________ _________ 9, 10, 16
Deposits, bank____________________________16,18
Disputes, industrial ________________________ 13
Distilled spirits ___________________________ 27
Dividend payments, rates, and yields _______ 1, 18, 20
Drug-store sales ___________________________ 9, 10
Dwelling units, new ________________________ 7
Earnings, weekly and hourly________________14, 1 5
Eating and drinking places_________________,_ 9, 10
Eggs and poultry _________________________ 2, 5, 29
Electric power_____________________.... ____ 6, 26
Electrical machinery and equipment _________ 2,
3, 5, 11, 12, 14, 15, 18, 22, 34
Employment estimates and indexes ___ _______ 11,12
Employment Service activities _____ _ . ________ 13
Engineering construction ________ ___________ 7, 8
Expenditures, United States Government. _ ___ 17
Explosives _______________________________ 25
Exports (see also individual commodities) _____ 21,22
Express operations. _ , ____________ __________ 23
Failures, industrial and commercial _____ _ ____
5
Farm income, marketings, and prices _______ 1, 2,5, 6
Farm wages ______________________________ 15
Fats and oils, greases_____________________6, 25,26
Federal Governmentfinance________________ 17
Federal Reserve banks, condition of __________ 16
Federal Reserve reporting member banks _____
16
Fertilizers________________________________ _ _ 6,25
Fiber products _____________________ ______ _
34
Firelosses__ ____________________________
8
Fish
andfish__________________________ 25,30
Digitized
foroils
FRASER
Flaxseed
__________________________________ 26
Flooring ___ _ ____________ ...... _____ ______
31
http://fraser.stlouisfed.org/
wheat
____________________________
__
29
FederalFlour,
Reserve
Bank
of St. Louis
Pages marked S
Food products
2,3,4,6,
3, 9, 12, 13, 14, 15, 18, 22, 23, 27, 28, 29, 30
Foreclosures, real estate
8
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups.__.._
21, 22
Foundry equipment
_34
Freight carloadings
23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
5,6,22,28
Fuel oil
......
35
Fuels
....... 6, 34, 35
Furnaces
34
Furniture-___
. 2, 3, 6, 9, 10, 11, 12, 14, 15, 16
Furs
. 22
Gas, prices, customers, sales, revenues
_. 6, 27
Gasoline
. 9,36
Glass products
2, 11, 12, 14, 15, 38
Generators and motors
34
Glycerin
....
24
Gold
.
18
Grains and products
_ _ _ 5, 6, 19, 22, 23, 28, 29
Grocery stores
9,10
Gross national product
1
Gross private domestic investment
1
Gypsum and products
.....
— 6, 38
Hardware stores
....
9
Heating apparatus
11, 12, 14, 15, 34
Hides and skins
6, 22,30
Highways and roads..7, 8, 15
Hogs
.
.....
29
Home Loan banks, loans outstanding
8
Home mortgages
8
Hosiery
.
.
38
Hotels.--— - 11, 13, 14, 15, 24
Hours of work per week
12, 13
Housefurnishings
6, 8, 9, 10
Household appliances and radios
3, 6, 9, 34
21,22
Imports (see also individual commodities)
1
Income, personal
17
Income-tax receipts
2,3
Industrial production indexes
16, 17
Installment credit
.
10
Installment sales, department stores
Instruments and related products. 2, 3, 11, 12, 14, 15
34
Insulating materials
..
17,18
Insurance, life
—
16
Interest and money rates
21,22
International transactions of the U. S
Inventories, manufacturers' and trade
3, 4,, 9, 10
Iron and steel, crude and manufactures
2,
6, 18, 22, 32,33
_
35
Kerosene
Labor disputes, turnover.
13
11
Labor force
Lamb and mutton
29
29
Lard
.......
33
Lead
2
Leather and products
3, 6, 12. 13, 14, 15, 30, 31
Linseed oil
26
Livestock
... 2, 5, 6, 23, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8, 16, 17, 19
Locomotives
40
Lubricants
36
Lumber and products
2,
3, 4, 6, 9, 10, 11, 12, 14, 15, 18, 31, 32
Machine activity, cotton
39
Machine tools
34
Machinery
2, 3, 4, 5, 6, 11, 12, 14, 15, 18, 22, 34
Magazine advertising
.—
8
Mail-order houses, sales
—
10
Manufacturers' sales, inventories, orders
3, 4, 5
Manufacturing production indexes
2,3
Manufacturing production workers, employment, payrolls, hours, wages
11, 12, 13, 14, 15
Margarine
26
Meats and meat packing._ 2, 5. 6, 12, 13, 14. 15. 29
Medical and personal care
6
Metals
2, 3, 4, 5, 6, 11, 12, 13, 14, 15, 18, 32, 33
Methanol
24
Milk
27
Minerals and mining. 2. 3, 11, 13, 14, 15, 19, 20, 23
Monetary statistics
18
Money supply
.
18
Mortgage loans
8, 16, 17
Motor carriers
23
Motor fuel
36
Motor vehicles
_.__
6, 9, 18, 40
Motors, electrical
34
National income and product. _
1
National parks, visitors
24
National security
1,17
Newspaper advertising
, __
8
Newsprint
.
22, 37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2, 6, 11, 12, 14, 15, 18, 22, 33
Noninstallment credit.-...
17
Oats
28
Oil burners
.
34
Oils and fats, greases.
6, 25, 26
Orders, new and unfilled, manufacturers'
5
Ordnance
11, 12, 15
Paint and paint materials
6, 26
Panama Canal traffic
_._
23
Paper and products and pulp
2,
3, 4, 6, 12, 13, 14, 15, 18, 36, 37
Passports issued
24
Payrolls, indexes
12
Personal consumption expenditures
1,9
Personal income
.
,.
l
Pages marked S
Personal saving and disposable income
1
Petroleum and products
2,
3, 4, 6, 12, 13, 14, 15, 18, 22, 35, 36
Pig iron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
26
Plywood
,._
32
Population
11
Pork____
29
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumer price index
6
Received and paid by farmers
5
Retail price indexes
6
Wholesale price indexes.
6
Printing and publishing..._____ 2, 3, 12,13, 14,15, 37
Profits, corporation
1, 18
Public utilities
2, 6,
7,11,13,14, 15,17, 18,19, 20, 26, 27
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
6
Radiators and convectors
34
Radio and television
3, 6,8,34
Railroads
_.
2,
11, 12,14, 15, 17, 18, 19, 20, 23, 40
Railways (local) and bus lines
11, 13,14, 15, 23
Rayon and rayon manufactures
39
Real estate
8, 16,17,19
Receipts, United States Government
17
Recreation
6
Refrigerators, electrical
34
Rents (housing), index
6
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores
3, 5, 9, 10, 11, 13, 14, 15
Rice
28
Roofing and siding, asphalt
36
Rosin and turpentine
25
Rubber (natural, synthetic, and reclaimed),
tires and tubes
.
6, 22,37
Rubber products industry, production index,
sales, inventories, prices, employment, payrolls, hours, earnings
2, 3, 4, 6, 12, 13, 14, 15
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
19
Services
1, 5, 11, 13, 14,15
Sewer pipe, clay
38
Sheep and lambs
29
Ship and boat building
11, 12,14, 15
Shoes and other footwear
6, 9, 10,12, 13, 14, 15
Shortening
26
Silk, prices, imports
6, 39
Silver
.
18
Soybeans and soybean oil
26
Spindle activity, cotton
39
Steel ingots and steel manufactures (see also
Iron and steel)
2,32,33
Steel scrap
32
Stocks, department stores (see also Inventories)
10
Stocks, dividends, prices, sales, yields, listings.
20
Stone and earth minerals
2,3
Stone, clay, and glass products
2,
3,4,11,12,14, 15,18,38
Stoves
34
Sugar
22,30
Sulfur
___
25
Sulfuric acid
_.
24
Superphosphate
25
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 19, 20, 24
Television and radio
3, 6, 8, 34
Textiles
2,3,
4, 6, 12, 13, 14, 15, 18, 22, 38, 40
Tile___
38
Tin
22,33
Tires and inner tubes
6, 9, 10, 12, 13, 14, 15, 37
Tobacco
2, 3, 4, 5, 6, 8, 12, 13, 14, 15, 22, 30
Tools, machine
34
Tractors
..
34
Trade, retail and wholesale
3,
5,9,10,11,13,14,15,17
Transit lines, local
.
23
Transportation and transportation equipment2,
3, 4, 5, 6, 9, 11,13, 14,15,18, 23, 40
Travel
24
Truck trailers
._
40
Trucks
2,40
Turpentine and rosin
...
25
Unemployment and compensation
. 11,13
United States Government bonds
16, 17, 19, 20
United States Government
finance
17
Utilities.
.
2, 5,
6, 7, 11, 13, 14, 15, 17, 18, 19, 20, 26, 27
Vacuum cleaners
... 34
Variety stores
9, 10
Vegetable oils
25, 26
Vegetables and fruits
5, 6, 22, 28
Vessels cleared in foreign trade.
23
Veterans' benefits...
13, 17
Wages and salaries
1,14, 15
Washers
__34
Water heaters
34
Wax
36
Wheat and wheat
flour
19,28,29
Wholesale price indexes
. __
6
Wholesale trade.
3, 5,10,11,13,14,15
Wood pulp____
36
Wool and wool manufactures
6, 22,39, 40
Zinc
_.
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
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PAYMENT OF POSTAGE, $3OO
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WASHINGTON 25, D. C.
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Volume 35
Survey of Current Business
Numbers 1-6
First-Half 1955 Index
of Special Articles and Features
SPECIAL ARTICLES
No.
Saving in the National Economy From the
National Income Perspective
National Income and Product in 1954
Production and Trade
Foreign Business in 1954
Investment and Sales Anticipations in 1955
The United States Balance of Payments in 1954...
1
2
2
2
3
3
Page
8
7
17
26
4
9
Income Distribution in the United States, 1950-53.
Foreign Grants and Credits in 1954
Business Population
by Legal Form of Organization
Debt and Borrowing in 1954
The Housing Market . . . .
Patterns of Recent Employment Changes—
Area and National
No.
3
4
Page
14
8
4
5
5
14
6
13
15
FEATURES
Industrial Production
The Labor Market
National Income and Corporate Profits. . .
The Business Situation Throughout 1954..
A Review of the Expansionary Movement.
No.
1
1
1
2
4
Page
3
4
5
1
1
National Income and Product—A Review of the
First Quarter
Manufacturers' Sales and Inventories
Business Capital Outlays
First Quarter Balance of Payments
No.
Page
5
5
6
6
2
20
3
5
Newest Supplement (November 1954)
NATIONAL INCOME., 1954 edition. 249 pages, illustrated, $1.50
Available from Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C.,
or any Commerce Department Field Office.
for current list of other publ.cotions of the Office of Business Economics "for Business Programs and Economic
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