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MARCH 1947
SURVEY OF
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
Survey of
CURRENT
BUSINESS
VOLUME 27, No. 3
MARCH 1947
/" Statutory Functions: "The Bureau of Foreign and Domestic Commerce..."
II to foster, promote, and develop the foreign and domestic commerce of
\ the United States" [Law creating the Bureau, Aug. 23,1912 [37 StaU 408].]^
Contents
Page
THE BUSINESS SITUATION
1
THE CURRENT STRUCTURE OF PRICES
4
INTERNATIONAL TRANSACTIONS OF THE UNITED
STATES IN 1946
11
STATISTICAL DATA:
Monthly Business Statistics
Statistical Index
S-l to S-40
.Inside back cover
Classification of
Statistical Sections
Business indexes
Business population
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign Trade
Transportation and communications
Commodity sections:
Chemicals and allied products
Electric power and gas.
Foodstuffs and tobacco
Leather and products
Lumber and manufactures
Metals and manufactures t
Iron and steel
Nonferrous metals and products
Machinery and apparatus
Paper and Printing
Petroleum and coal products
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
Page
S-l
S-3
S-3
S-5
S-6
S-9
S-l 5
S-20
S-21
S-23
S-25
S-26
S-29
S-30
S-31
S-32
S-33
S-34
S-35
S-37
S-37
S-38
S-40
S-40
I 1 1 OlC—Contents of this publication are not copyrighted and |
\ may be reprinted freely. Mention of source will be appreciated Jr
Published by the Department of Commerce, W. AVERELL HARRIMAN, Secretary—Office of
Business Economics, AMOS E. TAYLOR, Director. Subscription price, including weekly
statistical supplement, $3 a year; Foreign $4. Single copies, 25 cents. Make remittances
direct to the Superintendent of Documents, United States Government Printing Office,
Washington 25, D, C.
THE BUSINESS SITUATION
By the Office of Business Economics
HE OPENING MONTHS of 1947 saw
T
further gains in production and income, advances in commodity prices, and
a volume of employment which, for the
most part, moved under the influence of
seasonal factors. On the whole, therefore, the general pattern of economic
developments during the latter part of
1946 was extended into the new year,
although the trend of sales at retail
stores was less favorable than in previous
months and purchasing in wholesale
markets reflected considerable caution
and increasing insistence upon improved
quality.
Increased output of steel, coal and
other basic materials, coupled with further improvement in the movement of
parts and better organization of production throughout industry, resulted in an
upward trend of the flow of finished
goods into trade channels. This was particularly pronounced in the durable
goods lines. The absence of major industrial disputes was also a factor in the
general improvement of production performance so far during 1947.
The expansion of inventories continued with large increases in the aggregate, though some divergent movements
are beginning to show up among manufacturing concerns. Mercantile inventories are again rising, after the lessthan-seasonal decline over the year-end.
Renewed Price Advance
During February, the broad upward
movement of prices was resumed after a
brief period of stability around the turn
of the year when declining prices for
farm products and foods largely offset
the continued upward price adjustments
for industrial products. (See table 1).
The price advance in February, while
at a slower rate than in the period following the elimination of general price
controls in late 1946, was more general,
reflecting the resumption of rising
prices for farm and food products, the
delayed reaction of some less sensitive
prices to the pressures in the seller's
market, and continued advances in other
prices. The broad sphere of price increases is indicated by the fact that 42
of the 48 commodity groups priced by
733486—47
1
Further Rise in Industrial Prices
The Month in Review
The rising trend of output continued into the early months of
1947. The volume of income payments to individuals has also
moved higher. Changes in employment and unemployment have
generally been confined to those of
a seasonal character.
There have been scattered evidences of increased buyer resistance, but these have not been sufficient to hold back the upward
movement of prices. The broad
groups of farm products, foods, and
industrial products have participated in the recent price gains in
wholesale markets.
The dollar volume of sales at retail stores has continued at peak
rates after seasonal adjustment.
For several months changes in
physical volume at retail have not
been commensurate with the
steady rise in output and businesses have been able to make further progress in rebuilding stocks.
*
*
*
*
*
Most of the statistics used in
this review of the business situation will be found in the statistical
section at the back (pp. S-l to
S-40).
the Bureau of Labor Statistics at wholesale advanced in the first two months of
1947.
The renewed rise in farm and food
prices featured marked strength in
grains, livestock, and meats. Prices of
hogs, for example, turned sharply upward to reach an all-time high. Among
the factors behind these price increases
were heavier Government purchases of
grains for export and reduced supplies
of major meat items.
The Hoover report on Germany and
other reports from Europe highlighted
the continued need for relief almost two
years after the end of the war in Europe.
They presaged added commitments for
food shipments to further alleviate distress on the Continent.
The rate of advance in prices of many
of the more important industrial products has tended to taper off. On the
other hand, some prices which did not
immediately react to decontrol were
pushed upward in 1947 at a rather rapid
pace. Included in this group of nonfarm-nonfood items were crude rubber,
plumbing and heating equipment, structural steel, and coke prices. Increases
for these items have ranged from 5 to
15 percent so far this year. Further
price advances in lumber, paints, iron
and steel, and miscellaneous leather
products during 1947 equalled or exceeded the considerable price increases
in the latter part of 1946.
The consumers' price index leveled off
in January but was scheduled for another rise as a result of developments in
wholesale markets and some permitted
advances in rents.
Industrial Outpvit Gains
The rate of industrial production in
January and February was featured by
maintained high levels of operations in
those areas where capacity ceilings had
been approached and further gains in
sectors where final reconversion difficulties were being surmounted. The Federal Reserve Board index scored a 4-percent advance in January over December.
To a large extent, however, the change
reflected the sharp recovery of steel and
coal output following the reduced operations incident to the late November
work stoppage at the bituminous mines.
Raw cotton consumption also rebounded
from the December rate and some plants
found it necessary to add third shifts.
The advances in other industries were
small but. nevertheless, widespread.
Steel at 85-Million Ton Annual Rate
On an annual rate basis, recent operations were equivalent to about 85 million
net tons, as compared with approximately 90 million at the wartime high,
when specialized wartime needs permitted the utilization of some capacity
not suitable for present requirements.
SURVEY OF CURREXT BUSIXESS
Chart 1.—Daily Average Production of Coal and Steel
MILLIONS OF SHORT TONS
3
BITUMINOUS COAL
1 11 111 11 i i
THOUSANDS OF NET TONS
300
STEEL ^
200
100
M
111
> 11 i t !
1945
111
1 1 1 1 1 1 1 1 1 1 1
1946
111111
1947 47-95
1
Includes steel ingots and steel for castings.
Daily average was computed with no allowance
made for Sundays and holidays. Data for latest month are preliminary.
Source of data: U. S. Department of the
Interior and American Iron and Steel Institute.
The production patterns for steel and
coal have been closely parallel in recent
months, as illustrated in chart 1. The
supply situation for steel remained tight
and it was necessary to continue allocations to more essential users.
Auto Output Improves
The automobile industry was another
case where the production picture showed
further improvement in the first two
months of 1947, as illustrated in chart 2.
Slowed by inventory taking and minor
model changes at the start of the year,
and still hampered by shortages of particular items, automobile assemblies
nonetheless reached a postwar peak on a
daily average basis in February, with assemblies in the latter part of the month
crossing the 100,000-a-week mark. Excluding Canadian production, the annual rate of passenger car and truck
assemblies topped 5 million and was
somewhat above the total for the fiscal
year 1940-41, but still below the rate in
some of the peak months in the prewar
period. The full production potential in
this industry is still to be realized, however, and further gains in output may be
expected as the final kinks are ironed
out ahead of, and along, the assembly
lines.
Manufacturers' Sales Steady
The dollar value of shipments by manufacturers in January was only slightly
below the December daily average rate.
This steadiness over a period when there
is usually a seasonal decline is in part
attributable to continued price advances
in many segments of manufacturing industry. The value of shipments in January is estimated at 13.2 billion dollars—
400 million dollars over the total for
December when there was one more
working day.
Contrasting movements in the daily
average rate of shipments characterized
the major groups. Increased shipments
in the iron and steel industries reflect in
part a rebound from the relatively low
December levels occasioned by the coal
strike. Advancing prices, as well as a
larger flow of materials, accounted for
the increased value of sales in the transportation equipment (other than automobiles) and furniture industries. Offset by declines in shipments in the
automobile, machinery and nonferrous
metal industries, the rate of shipments
for the durable goods group as a whole,
rose only one percent.
On the other hand, the rate of dollar
shipments in the nondurable goods group
declined. All major segments other
than the paper and allied products and
the chemicals and allied products industries participated in the decline, but in
most cases the downward movement reflected the usual seasonal drop from
December to January.
Inventories Increase
The book value of manufacturers' inventories rose to 20.7 billion dollars at
the end of January. The 385-milliondollar increase for the month was about
the same as in the previous two months,
but was about two-thirds the average
monthly accumulation from June
through October last year.
The durable and the nondurable goods
industries contributed about equally to
the January increase in book-value inventories. A further development in
January was the appearance of declines
in some major industries in both the
durable and the nondurable goods
groups.
Seasonal Lag in Construction
A somewhat different development has
been noted in construction activity which
in the first two months of 1947 totalec
iy 2 billion dollars. This represented a
larger than seasonal decline from the
volume of the preceding months and was
somewhat below the amount which had
been anticipated for this period. In general, private nonresidential construction
continues to fare somewhat better than
residential building from the standpoint
of the progress of work put in place.
March 1047
Construction of nonresidential buildings still requires authorization from the
Civilian Production Administration in
the Office of Temporary Controls, but
liberalization of construction in these
categories was announced by that agency
early in January. After January 9, the
limit on authorizations was stepped up
from 35 to 50 million dollars per week.
The increase was necessitated in part by
the increased cost level and in part to
provide added facilities for vital community needs in areas with new housing
developments.
The Civilian Production Administration also liberalized its rules for approvals of future applications for foundations
and structural frames. However, the
basic provisions on essentiality of new
construction have not been abandoned.
This is evidenced by the fact that in the
first 4 weeks following relaxation of the
35 million dollar limit, approvals have
averaged only 40 million dollars a week,
even though applications have been in
excess of 50 million dollars a week.
Employment Stabilizes at High Level
Following the very sharp expansion
from the low reached soon after VJ-day,
the number of workers outside of agriculture has remained virtually stable
since last October at a level which approximates the war peak. The employment trend is illustrated in chart 3, after
adjustment for seasonal influences. In
the recent period of relative stability in
the employment total, added small gains
in manufacturing, trade, and miscellaneous industries have been partly offset
Chart 2.—Daily Average Production of Motor Vehicles x
1 I l I I I I I I I I I I I I I I 1 I I I I I I I I I I I I I M I
1
Includes passenger cars, trucks, tractors,
jeeps, military ambulances, and wheel-drive
personnel carriers.
Sources : Civilian Production Administration,
except figure for February 1947 which is an
estimate of U. S. Department of Commerce.
SURVEY OF CURRENT BUSINESS
March 1947
Chart 4.—Sales and Prices at Demoved so far this year largely in acpartment Stores
cordance with the seasonal pattern. The
index of sales at retail stores in January
NDE^<, 1945 = 100
MILLIONS OF PERSONS
160
was about 3 percent above the previous
42
SEASONALLY
month's seasonally adjusted index, with
consumer purchases of both durables and
nondurables s h o w i n g approximately
40 equal rates of increase.
40
A
Sales at apparel stores recovered someSALES-^
i
what from the fourth quarter rate.
Relatively large gains, after seasonal ad120 justment, also were recorded for eating
38
and drinking places, furniture and housefurnishings stores, and building mate^PRICES
rials and hardware stores.
Ak
Recent trends in consumer buying
100
~~
36
•/•I** #
have also shown the effects of the largescale revival of postholiday clearance
V
sales. These sales testified to the
i iiII 1 iii iiIiII i i
changed
character
of
many
retail
mar80
Mill 1 1 1 1 1 1
Mill
34
1945
1946
1947 47-99
kets, particularly in the ladies apparel
1947 47-98
J945
1946
1
Data are adjusted for seasonal variation.
field.
During
the
war
and
early
postSource of data : Board of Governors of the
Sources of data: Prices, U. S. Department
Federal Reserve System.
war period retailers rarely found it necof Commerce ; sales, Board of Governors of the
Federal Reserve System, recomputed to 1945
essary
to
offer
price
inducements
to
clear
by reductions in construction and in the
base by U. S. Department of Commerce.
shelves of stocks.
number of Government employees. AlUp till the middle of 1946, the rise in
though the volume of unemployment
Price Rice Influences Sales Gain
sales was much sharper than in prices,
rose from 2.1 million in December to 2.4
indicating substantial increases in the
million in January, this change largely
Owing to the substantial price rise
volume
of goods sold to individuals. The
reflected seasonal influences.
since the middle of last year, the actual
spurt in sales in the third quarter of 1946
Recent trends in labor force participavolume of consumer takings has lagged
was, however, paralleled by large price
tion lend support to the conclusion that
behind the rise in dollar sales volume.
advances following the modification of
the postwar readjustments in the civilian
This fact is clearly evident from chart
controls. In the succeeding period—
work force have been largely completed.
4, showing changes in department store
covering the final quarter of last year
The armed forces were reduced 200 thousales and in the appropriate price index.
and the first 2 months of 1947—dollar
sand between December and early Jansales value at department stores did not
uary to a total strength of approximately
register any new gains, after allowing
Table 1.—Wholesale Prices
1.7 million, which is but slightly above
for seasonal influences, although prices
the anticipated strength for the months
continued upward. Over these same
All
ahead. Labor force participation of
com- Farm Foods All l
months, however, there was a steady imveterans has also stabilized, although
other
modi- prodties i ucts
Period
provement in supplies of goods for sale
this*is partly temporary, pending the
at department stores.
completion of schooling.
Index (1926=100)
The net effect of these developments
Incomes Continue to Rise
has
been a sizable expansion in departWeek ended—
ment-store
inventories and a more
1946:
With the exception of but one month,
115.5
November 9
. . 134. 8 166.0 J62.5
cautious purchasing policy, as described
116.2
135. 8 167.3 164.1
November 16
income payments to individuals have
116.9
137.3 172.1 165.0
November 23
in the January issue. Outstanding orrisen steadily since February of last year,
121. 1
139.1 170.3 163.6
November 30
121.6
139.1
169.2 161. 7
December
7
_
_
ders of department stores at the end of
after allowance for seasonal factors.
122.9
139. 7 168.7 161. 3
December 14
January 1947 were about one-third be123.4
139.8 170.7 159.5
December 21
From December to January 1947 the sea123.9
139.6 167. 7 159.1
December 28
low a year ago, on the basis of the Fedsonally adjusted annual rate of payments
1947:
124.1
139.1 166. 5 156.1
January 4
eral Reserve sample. Although comparose from 176 to 177 billion dollars. The
125.0
140.0 165.8 158.1
January 11
126.6
rable statistics are not available for
140.8 166.0 157.8
January 18
full-year total for 1946 was 165 billion
127.0
140. 3 164. 2 155.9
January 25
other classes of stores, it is probable that
127.5
dollars.
140. 3 164.8 154.1
February 1 _ 128. 1
141.7 165. 5 156.7
February 8
specialty stores in soft-goods lines had
The major increases in income in Jan128.1
143.1 168. 9 160.9
February 15
128. 3
144.3 171. 7 162. 5
February 22
followed a similar policy with respect to
uary were in wages and salaries paid to
128.7
146.4 176.1 167. £
March 1
outstanding commitments.
workers in commodity producing indusIn February, with a dollar increase of
tries. Government transfer payments
Percent change
only 8 percent over a year ago in departalso rose, reflecting in the main the Dement-store sales, there was obviously an
cember-January rise in unemployment
Four weeks ended:
5.3
1.9
-0. 5
3.2
December 7, 1946
indication that volume was off, since the
compensation. Minor declines took
2.1
-3. 3
-1.8
0
January 4, 1947
2.7
.9 - 0 . 8
increase in prices over the past year was
February 1, 1947
place in wages and salaries paid in the
.9
6.9
4.3
March 1, 1947
more than this. While chart 4 shows
distributive and service fields.
that the unusually sharp advance in sales
i Motor vehicles were included in the index at current
Retail Sales Index Gains
in February 1946 affects the year-to-year
prices beginning in the week ending November 30, 1946;
prior to that date, April 1942 motor vehicle prices were
comparison, it also reveals the leveling
carried
forward
in
the
computations.
The dollar volume of spending, after
(Continued on p. 16)
adjustment for seasonal influences, has
Source: U. S. Department of Labor.
Chart 3.—Nonagricultural
Employment
ADJUSTED
r
P
-
-
I
J
/
-
1 1 1 ! 1 1
t ! ! 1 1 I 1 1 1I 1 !
s 1111 1
1 g
i
i i i i 1 i i i i i
SURVEY OF CURRENT BUSINESS
March 1947
The Current Structure of Prices
By Louis J. Paradiso and Lois H. Rodriguez
HE PRICE INCREASES which have
taken place since the middle of 1946
T
have been the sharpest in our history
for any similar period of time. From
June 1946 to January 1947 the over-all
index of wholesale prices increased 25
percent while the price index of consumer goods rose 15 percent. This advance resulted from the elimination of
price controls and the restoration of
free-market pricing at a time when demand pressures, while diminishing in
intensity, were still high and when normal production and imports had not
been fully restored. By the end of the
year, prices reflected the free exchange
of goods between seller and buyers at
quotations set by market processes.
While the release of controls has
brought about a better balance in the
general supply-demand picture at the
higher level of prices, recent trends have
not resulted in a balance in the price
structure comparable to that which existed in the prewar period. Rather, the
internal structure of prices represents a
considerable deviation from this earlier
period. This is clearly indicated by the
wide dispersion in the wholesale price
movements, particularly since the prices
of many commodities were adjusted to
the current demand-supply situation in
a relatively brief period.
Wide Dispersion of Change
The wide variation in price changes by
individual commodities in the recent
sharp advance of the general price level
reflected sellers' ideas of what price was
adequate and a variety of other circumstances, an important one being the extent to which adjustments upward had
been permitted under the price control
system. Incentive pricing had been the
criterion for some industries; in others
with high-level operations the permitted
prices yielded profits regarded as adequate. Where prices are of the administered type, longer-run considerations
weighed more heavily than short-run decisions. The most rapid, as well as by
far the largest increases, occurred in
farm products and foods where pricing
NOTE: Mr. Paradiso is Chief of, and Mrs.
Rodriguez a member of, the Business Struc
ture Division, Office of Business Economics.
Summary
The upward movement of prices
which came with the lifting of price
controls was the sharpest for any
equal period in our history. Chief
characteristics of the rise, aside
from its generally broad character,
have been: (1) many prices have
i n c r e a s e d by extraordinary
amounts since June 1946; (2)
prices of a number of other commodities, particularly some industrial commodities, have not increased or have risen by small
amounts; and (3) in some segments prices are considerably out
of line with the general level of
prices.
A basic factor contributing to
the upward price movement has
been the short supplies of many
goods relative to demand, partly
because the flow of finished goods
has been low relative to total production as a result of considerable
additions to inventories. Output
has not yet been balanced, nor
have recent additions to capacity
been fully reflected in the flow of
.goods, but progress is evident in the
steadily rising movement of finished goods through trade channels. Rising costs also have been
an influence on the supply side.
As 1947 advances, considerable
change in the price structure may
be expected. With the increasing
availability of goods, greater efficiency of production and a lessening of the pressures of demands
for nondurable goods, there is reason to expect that a more usual
relationship will come to prevail
among the broad groups of prices.
was on a day-to-day basis and where no
single seller had anything to gain by taking a lower price if it were possible to
sell higher.
It is desirable to examine in perspective what has happened to the general
price structure in the recent move and to
appraise the current level of prices of
groups of commodities in relation to each
other and to the average of all prices.
In addition, the price changes should
also be considered in relation to the demand and supply situation which is necessary for an appraisal of the near-term
outlook for prices.
In general, analysis shows that the recent upward sweep in prices had these
characteristics: (1) many prices have
increased by extraordinary amounts
since June 1946; (2) prices of many other
groups of commodities, particularly some
important industrial commodities, have
not increased or have increased by small
amounts; and (3) in limited segments
prices are considerably out of line with
the general movement of all prices.
Recent Price Increases
Every businessman and consumer has
experienced the effects of rising prices in
recent months. Just how sharp have
these increases been?
The movement of the wholesale price
index is shown in chart 1 for the period
1850-1946. The increase from June to
December 1946 was 25 percent. In the
two earlier periods of war stimulated increase—in 1860-65 and 1916-20—the
largest advance for any 6-month period
was 10 percent.
The rise in farm product prices was a
very important factor in the rise in the
price level, both in the initial move starting in 1941, and in the more recent period of advance. Farm prices rose 12
percent from June to July 1946, and 7
percent from July to December, resulting
in a total increase from June to December of 20 percent compared with 18 percent for industrial prices. But while the
6-months relative advances were not far
apart, it should be noted that farm prices
are beyond the general run of prices.
(See chart on page 4 of the December
1946 issue.)
Contrast With First World War
In the first World War period prices
of farm products reached a peak in January 1920 when the index was at 238
compared with July 1914=100. Prices
of all commodities other than farm and
food products reached their peak six
months later when the index was at 265
SURVEY OF CURRENT BUSINESS
March 1947
compared with July 1914. In other
words, the differential movement of the
two series of prices was not great considering the extent of the rise.
The movement of these two groups of
prices since August 1939 has been in
sharp contrast to the first World War
experience. Farm prices increased by
about 70 percent prior to the institution
of general price controls in 1942, and by
November 1946 the index was 178 percent above the August 1939 average. Industrial prices rose by a much smaller
percentage, the index standing in January 1947 some 59 percent above the August 1939 average.
Frequency Distribution of Price Changes
In order to appraise the character of
the recent price movement, a special tabulation was made of the percent changes
from June to December 1946 in the
wholesale prices of 675 commodities as
reported by the Bureau of Labor Statistics. The results reveal that:
(1) Twenty-three items actually declined in price by more than 5 percent,
dropping on the average 19 percent in
this 6-month period. These include
some farm products such as apples, potatoes, oranges, corn and oats, and a few
industrial products such as mercury,
tartaric acid and toluene.
(2) No change or relatively little
change in price, i. e., from —5 to +5
percent, was recorded for 147 items.
Many of these are important commodities including some steel products, nonferrous metals, chemicals and cereals.
Table 1.—Wholesale Price Indexes
[1926=100]
Combined
index
Month
VJ-day (August 1945)
June 1946
July 1946
November 1946
December 1946
January 1947
Percent change:
August 1945 to June 1946.
June 1946 to July 1946 _.
June 1946 to January 1947
All com-
Farm modities
prod- other than
ucts farm and
food
105.7
112.9
124.7
139.7
140.9
141.5
126.9
140.1
157.0
169.8
168.1
165.0
99.9
105.6
109. 5
120.7
124.7
127.6
+7
+10
+12
+18
+6
+4
+21
+10
+25
Source: U. S. Department of Labor.
The number of items in wrhich no change
occurred was 93.1
(3) Commodities aggregating threefifths of the total (or 418 items) recorded
increases from 5 to 50 percent, with an
average rise of 19 percent. These include
a wide variety of commodities, mostly
industrial in character. Price rises from
50 to 100 percent occurred for 68 items,
and finally, 19 items increased by 100
percent or more.2 This last-named group
1
The relative importance of the items
showing no change is reduced by the fact
that some of the items carry very small
weights in the index.
2
Included in the group with the largest
increases are the following commodities:
Oleic acid, two items of glycerin, castor oil,
fresh beef, bacon, oleo oil, corn oil, two items
of soybean oil, goat skins, seedless raisins,
linseed oil, inedible tallow, flaxseed, cured
hams, black pepper, edible tallow, and cocoa
beans.
comprises either farm products, foods,
or raw materials.
Chart 2 shows the distribution of the
675 price items according to the percentage price change from June to December
1946. It is evident from this chart that
the price movement in the last six
months of 1946 was characterized by a
wide variety of changes, and that the
average increase of all the items of
about 25 percent over the period was the
result of increases exceeding 25 percent
for a quarter of the items, while most of
the prices of the other three-quarters of
the items increased by much less than
25 percent.
Flexible Prices Show Largest Increases
In periods of wide price swings, the
flexible prices, i. e., those which in past
periods recorded frequent changes by
months, have in general increased much
more sharply than the inflexible ones.
This has been the case because the former have in general been freely traded
in by large numbers of sellers and include
many farm products and raw materials.
On the other hand, the relatively inflexible prices include many iron and steel
products, finished industrial commodities and a few manufactured food
products.
Grouping the wholesale prices according to their degree of flexibility3 and
averaging the percent changes in prices
from June to December 1946, it is found
3
"Structure of the American Economy/*
National Resources Committee, June 1939,
Appendix 2, table 1, column 18.
Chart 1.—Wholesale Prices of All Commodities
(Index, 1926 = 100; Ratio Scale)
200
200
50 h4 0
11
M
i i i i i i! i i i i i i n
i I i i i i i i i i i 1 1 1 1 i i i i i i 1 i i 1 1 i i i 11 h
1850-59 1860-69 1870-79 1880-89
http://fraser.stlouisfed.org/
Source of data : U. S. Department of Labor.
Federal Reserve Bank of St. Louis
i i i i i i i i 1 11 i i i i i i 1 1 i i i i i
1890-99 1900-09
1910-19
i i i i 11 i 1 1 i i i i i 1 i 1 1 1 i i i
1920-29 1930-39 1940-46
1946
1947
4 7-94
SURVEY OF CURRENT BUSINESS
6
Chart 2.—Percentage Distribution of 675 Commodities, by Change in
Wholesale Price Indexes, December 1946 from June 1946
PERCENT OF TOTAL
30
10
-
-25
-15
AND TO
UNDER - 2 5
-5
-5
+5
+15 +25 +35 +45 +55 +65 +75 + 85 + 95
TO
TO
TO
TO
TO
TO
TO
TO
TO
TO
TO AND
-15 + 5
+15 +25 + 3 5 +45 +55 +65 +75 + 8 5 + 95 OVER
PERCENTAGE CHANGE IN WHOLESALE PRICE INDEXES,
DECEMBER 1 9 4 6 FROM JUNE 1946
47-100
Sources : Indexes, U. S. Department of Labor ; calculation of percentages, U. S. Department of
Commerce.
that all groups in the flexible scale increased by at least 10 percent, and that
the flexible prices rose on the average by
a much greater percentage than the inflexible prices. The average increase of
the 175 items falling in the inflexible
groups 4 for the period June to December
1946 was about 10 percent; the 242 items
falling in the groups which are neither
clearly in the one group or the other 5 had
an average increase in price of more
than 20 percent; while the 198 items
which are clearly market-dominated6
increased in price on the average by
more than one-third.
Taking as a base 1926=100, the average of the indexes for the three groups
of items mentioned above are shown in
the following table for June and December 1946:
11926=100]
June
1946
Inflexible price (I-I1I)
Neither flexible nor inflexible prices
(IV-VII)
Flexible prices ( V I I I - X )
December
1946
10S. 7
121.
113.3
128.4
138. 5
168.9
Prices by Commodity Groups
The factors which will determine the
movement of prices from now on is the
supply situation and the strength of the
Table 2.
March 1947
effective demand for goods. These factors will be discussed later. Understanding of the internal structure, and the
probable nature of adjustments as more
normal demand-supply relationships are
restored will nonetheless be facilitated by
an examination of the recent price increases in relation to past experience.
This is here done by comparing price
changes of individual groups in terms of
the corresponding changes in the average prices of all commodities.
This comparison provides an additional indication of the magnitude of the
adjustment which might be called for in
order to bring prices of certain commodities closer in line with the relationship
indicated by past experience, without
raising the question as to the possibility
or probability of change in the general
level of prices which would result in additional adjustments.
In general, during the period from 1921
to the middle of 1946, the movements of
the wholesale prices of major groups of
commodities have been closely correlated
with the general wholesale price level.
The correlation is, of course, such that
the major groups of commodities have
shown differential rates of change relative to the change in the general price
level. For example, a 10-point change in
the all-commodity wholesale price index
(1926=100) has been associated on the
average with a change of 2 points in the
average price of cement, of 11 points in
the price of dairy products, of 14 points
in the price of cotton goods, and of 20
points in the price of oils and fats.
The first column of table 3 gives the
differential rates for major groups and
subgroups of commodities in the wholesale price index. Charts 3, 4, and 5 show
the relationships of the prices for each
of 12 selected groups to the all-commodity wholesale price index. These
scatter diagrams typify the patterns of
relationships which exist between prices
of commodity groups and the general
price level.
Degree of Association Close
It will be noted that in each case
charted the degree of association be-
"onsumers' Price Indexes
[1935-39=100]
4
These include items falling within the
first three of the ten groups used in the
source cited, i. e., prices which have changed
less than 12 times in 95 monthly opportunities to change in the period 1926-33.
5
These include items falling within groups
IV-VII included in the source cited; i. e.,
prices which changed between 12 and 49
times in 95 monthly opportunities in the
period 1926-33.
6
These include the items falling in groups
VIII--X, changing 50 or more times in 95
monthly opportunities to change in the pehttp://fraser.stlouisfed.org/
riod of1926-33.
Federal Reserve Bank
St. Louis
Month
VJ -day (August 1945)
June 1946
July 1946
November 1946
December 1946
January 1947
Percent change:
August 1945 to June 1946_
June 1946 to July 1946
June 1946 to January 1947
Source: U. S. Department of Labor.
Combined
index
Food
Fuel,
House
Clothing electricity, furnishings
and ice
129.3
133.3
141.2
152.2
153.3
153.1
140.9
145.6
165.7
187.7
185.9
183.8
146.4
157.2
158.7
171.0
176.5
178.3
+3
+6
+ 15
+3
+14
+26
+7
+1
+ 13
111.4
110.5
113.3
114.8
115.5
117.3
Miscellaneous
Rent
146.0
156. 1
157.9
171.0
177.1
178. 5
108. 3
108. 5
-1
+7
+3
+6
+1
0
0
0
+ 14
108.8
108. 8
108.8
124. 5
127.9
128.2
132.5
136.1
136.6
+3
March 1947
tween the price of the particular group
and the general wholesale price is quite
close. There are some years for which
the deviations from, the average line of
relationship are considerable. This is
shown in the relation of cotton goods
where the points for 1933 and 1934 are
more than 20 percent above the line.
These unusual deviations are due to
particular conditions of supply or other
special factors operating in the period.
In two cases—lumber and lumber products, and petroleum and petroleum
products (see chart 5) —it was found that
the deviations followed a trend in the
1921-41 period. In the case of lumber,
the upward trend reflects increased costs
and long-term depletion of resources.
In the case of petroleum, the declining
trend is traceable to improved technology
in the industry.
For a few groups there appears to be
no consistent relation to the general
price level throughout the whole period.
These include 7 groups of the 38 major
groups shown in table 3, namely automobile tires and tubes, fertilizer materials, fruits and vegetables, rayon, hosiery and underwear, electricity, and gas.
In the case of rayon, for example, the
average price index remained practically constant between 1933 and February 1947. It is self-evident why this is
so in some of these commodities, though
no attempt will be made here to analyze
these particular price movements.
When the present price level for each
of the 31 groups of commodities is examined in the perspective of the long-term
past relationship, it is found that in 8
groups the rise in prices since June 1946
has brought the level significantly above
the line of relationship prevailing between these prices and the all-commodity wholesale price index in the 1921-41
period.
Groups Out of Line on High Side
Table 3 gives the percentage deviation
from the long-term relationship of the
wholesale prices on February 22, 1947,
for each of 31 major groups of commodities with the all-commodity wholesale
price index. The 8 commodity groups
for which the average price was significantly above the line of relation in February 1947 are: paint and paint materials, meats, lumber, drugs and Pharmaceuticals, oils and fats, shoes, leather,
and cotton goods. It is important to
note that the recent deviations are significantly above the average deviations
prevailing in the period from 1921 to 1941
which have varied for these 8 groups
from 3 to 5 percent.
For two groups of commodities—dairy
products and meats—the average prices
SURVEY OF CURRENT BUSINESS
Table 3.—Relation of Wholesale Price
Commodity Group Indexes to Total
Wholesale Price Indexes
Percentage
price
change
35!
Commodity group
Foods
Cereal products
Dairy products
.
Fruits and vegetables
^
Meats
Textile products
Got ton goods
Woolen and worsted goods__
C loth ing
Hosiery and underwear
Rayon
Metals and metal products
Xon ferrous metals
Iron and steel
Plumbing and heating
Agricultural implements
Motor vehicles
Building materials
Paint and paint materials.-.
Brick and tile
Cement
Lumber
House furnishing goods
Furniture...
Furnishings .
Hides and leather products
Shoes
Hides and skins
Leather .
Chemicals and allied products.
Chemicals
Drugs and Pharmaceuticals _
Fertilizer materials
Mixed fertilizers
Oils and fats
Fuel and lighting
Electricity
__
Gas
".
Petroleum and products
Coke
Anthr aci te
Bituminous coal
Miscellaneous
Automobile tires ana tubesPaper and pulp
Farm products
Grains
Livestock and poultry
•SSI
+16
()
+31
-11
+10
-24
-6
0
—6
+1
+2
+24
+30
+7
+8
+22
—5
—5
-1
+10
5+16
20
CO
8
8
+1
+11
+1
+3
+18
(3)
-20
+14
(
-16
-3
-10
-3
-16
(6)
+7
+3
+6
+4
-4
+12
-11
+10
-14
+7
+12
+6
+8
+13
+12
+21
+28
+11
+9
+8
(4)
+29
+46
+4
+4
+44
+8
+9
+23
+17
+27
+30
+30
+15
+63
+5
+6
+103
+4
-1
+5
+5
+5
+1
+4
+7
0
+17
+1
0
+4
+44
+40
+29
-3
+83
+24
+36
+6
+ 11
+34
+12
+23
+32
+ 12
+9
+8
(4)
+33
+60
+10
+8
+46
+ 14
+15
+12
+44
+32
+70
+63
+34
+16
+67
+20
+ 10
+111
+12
-3
+4
+ 19
+16
+8
+11
+12
0
+22
+23
+15
+48
T
Based on the average straight line relationship between prices for the specified groups of commodities and
the movement of the all-commodity index for the period
1921-41.
2 Percentage change of the actual index on February
22 from the calculated value from the straight line of
relationship
noted in preceding footnote.
3
Xo relationship.
4
Not
available.
5
The relationship was based, in this case, on the years
1927-41.
0 Xo change since 1942.
had reached a peak on October 19, 1946
when they were 75 percent and 29 percent above the line of relationship to the
all-commodity price index. The sharp
decline since then brought prices of dairy
products much closer in line with their
relationship to all wholesale prices but
as indicated above prices of meats were
still 31 percent above the line.
Major Groups in Line
The prices of the many major groups
of commodities on February 22, 1947,
were either in line with their past relationship to all prices or were not suffi-
ciently above or below the relationship
as to be out of line with past deviations
of these prices from the relationship.7
A third group, including woolen and
worsted goods and mixed fertilizers, still
remained below the average relationship.
The prices of such important groups of
commodities, for example, as iron and
steel and their products, nonferrous
metals, furniture and furnishings, industrial chemicals as a group, paper and
pulp and grains and livestock were
fairly well in line with their past relation to the movement of the all-commodity price index.
Shifts Since October
The third column of table 3 shows the
percent change in prices from October
26, 1946, 2 weeks before prices were generally decontrolled, to February 22, 1947.
With few exceptions the effect of price
decontrol was to result in increases
which either brought prices of groups
of commodities in line with past relations of the movement of these prices to
that of all commodity prices, or to a level
far above the past relation.
The marked increases in the prices of
oils and fats, drugs and Pharmaceuticals,
paint and paint materials, lumber,
leather, shoes, and cotton goods, brought
the price level of each of these groups on
February 22,1947, to a point far in excess
of the past relationship of these prices to
the all-commodity price level. On the
other hand, the increases in the prices
of nonferrous metals, paper and pulp,
chemicals, and iron and steel, raised
these quotations from a relatively low
position to one about in line with the past
relationship to the general movement of
all prices.
Other groups such as cement, brick
and tile, furniture and furnishings which
were either already above the past relation or in line with it did not change very
much after the time of decontrol.
These comparisons of the prices of
groups of commodities in relation to the
general price level serve to point up the
recent price increases relative to a frame
of reference which can be used to appraise their significance. While they do
not provide a basis for conclusions as to
the trend of the general price level, the
data do serve to reveal the lack of internal balance in the price structure.
7
It must be recognized that it has been
particularly difficult to obtain fully adequate
representation of prices during the recent
period when the character of the products
has undergone significant changes. Consequently, the deviations of present prices
from the long-term relationship, shown in
the charts and in table 3, should be regarded
as approximations rather than as exact magnitudes.
SURVEY OF CURRENT BUSINESS
8
a closer balance with demands. In general, the groups of commodities which
increased in prices far above the past
relationship to the all-commodity price
index are expected to be in larger supply
relative to demand by the fall of this
year. Similarly, we may expect that with
reconversion problems fading and with
less scrambling for some scarce goods as
production is better organized (and inventory rebuilding is less urgent) some
of the demand pressure will be off. The
recent price rise itself is a potent force
in altering demand and, in some cases,
supplies.
Meat supplies should expand later in
the year, according to the Department
of Agriculture estimates. Currently the
pork supply reflects the reduced farrow-
Supply Important in Future Trend
Although it is not the purpose of this
article to appraise the supply-demand
outlook for each of the commodities covered in the wholesale price index, nevertheless it is desirable to comment upon
the general supply situation of groups of
commodities in order to evaluate the influence of this factor on price trends.
Many of the recent price increases can
be attributed directly to short supplies
and for these cases it can be inferred
that as supplies come more nearly in
balance with demand, prices will be affected.
At the present time production of
goods for final use is on the increase and
supplies of many goods are approaching
March 1947
ings of last year. Lumber in general is
now becoming less tight, although flooring as well as some hardwoods will still
remain short lor the remainder of the
year. Industrial oils, on the other hand,
are still short and will continue in short
supply until the end of this year.
Supplies of leather and leather shoes
are still short but are expected to be in
a much more improved condition in the
latter part of the year. The supply of
cotton goods on the whole is still short
and in some items far short, but an improvement in supply is expected this
year. Thus, the supply situation will operate to relieve the pressure in those
areas where price advances have been
"excessive" in recent months, and should
be a factor in redressing a balance.
Chart 3.—Relationship Between Wholesale Price Indexes for Selected Commodities and for All Commodities
NOTE:-LINES OF REGRESSION WERE FITTED BY INSPECTION FOR YEARS 1921-41.
200
200
PAINT AND PAINT MATERIALS
SHOES
©FEB 22, 1947
©FEB. 2 2 , 1947
1946150
N0\ ^ D E C .
-
©1919
150
^
^
^
^
100
100
40 3C
3 9 - ^
3 3 ^
34*35
50
50
o
75
1
i
1
100
125
150
50
175
50
75
150
125
$00
175
? 250
(D
17
OILS AND FATS
MEATS
CVJ
a
FEB . 22, 1947
©
/
/
NOV.
? 200
—
$
f
©FEB. 22, 1947
0CT.£
5
o
NOVffl
)DEC.
7
/
2003
o
o
30 QR.g
/
8 150
150 8
1946—
-1946
/
^j^——©OCT.
©20
-^^
100 —
22#»
24
—
—
3D QR.
3?
23
36/
— 50
50 —
' •
*o
33/
|
50
100
75
1
100
125
TOTAL (INDEX, 1926=100)
/
!
150
175
50
1
75
1
100
125
TOTAL (INDEX, 1926=100)
1
150
1
Data for years and quarters are monthly averages. Latest data shown are for week ending February 22, 1947.
http://fraser.stlouisfed.org/
2
Data
oils and fats before 1926 are not available.
Source of basic data : U. S. Department of Labor.
Federal Reserve Bank of
St. for
Louis
175
SURVEY OF CURRENT BUSINESS
March 1947
For some commodities, supplies this
year will continue to be far short of demands. These include such goods as passenger cars, agricultural implements, and
certain chemicals. Nevertheless, it is
important to note that here sustained
peak operations would have a favorable
influence on unit costs, a factor which is
important in pricing.
9
Shift in Demands Important
The foregoing analysis suggests that
while the recent price increases have resulted in a distorted price structure, the
startling advances have been concentrated in relatively few groups of commodities which in total have an important weight and consequently were of
major importance in the recent upward
movement of the general price level.
Four basic factors have contributed to
the sharp price increases which came
with the termination of price controls.
Although not new—they preexisted—it
was recognized that with official restraints removed they would be sufficient
Chart 4.—Relationship Between Wholesale Price Indexes for Selected Commodities and for All Commodities 1
NOTE-.-LINES OF REGRESSION WERE FITTED BY INSPECTION FOR YEARS 1921-41.
200
250
COTTON GOODS
POO
-
FEB 22,
30 /
150
1946-^J^w
—
- 150
y /
/
/
- 100
099
11///
''
® 4 ^
«J3
*25
100
50
100
125
175
200
40
38
I
100
50
50
75
75
NONFERROUS METALS
4
1
125
150
175
150
200
"r
NOV.
DAIRY PRODUCTS
o
o
rz o OR.
150 ~
S
o
o
II
®FEB. 22, 1947
lOOo!
/*^I946
x
1946
Q
44.
42 45J
x
Q
1919
-2 0 QR.
100 -
50
Q
2S^#4'
31
o
32
32
'
50
50
2
2
o
o
/*St™
^^
39
1
75
1
I
1
100
125
150
175
50
75
100
125
175
150
200
PAPER AND PULP
150
WOOLEN AND WORSTED GOODS
®20
-
FEB L'2, ( 9 4 7 ^ ^ - - - ^ ' ' ^
1ST | R 0
2
too
4
3
3
020
-
30
OR.
44
2i 43 | 45
2 #Hf
1946
41
29
3^t #26
•
2 S
|36
35
1
50
1
75
j
100
125
TOTAL (INDEX, 1926=100)
See footnote 1, chart 3.
733486—47 2
OCT9'1 ° E C
y 0R ^
\ \XA^iS0
|44°©^^
38
50
|
o
175
50
75
3 22, 1947
\u
-— 100
1946
29
#3
°
|
1
150
- 150
1
100
125
TOTAL (INDEX, 1926=100)
50
150
Source of basic d a t a : U. S. D e p a r t m e n t of Labor.
175
SURVEY OF CURRENT BUSINESS
10
March 1947
Chart 3.—Relationship Between Wholesale Price Indexes for Lumber, Petroleum and Products, and All
Commodities, and Relationship With Time 1
NOTE.-LINES
OF REGRESSION
WERE
FITTED
BY I N S P E C T I O N FOR YEARS
1921-41.
300
250
PETROLEUM AND
PRODUCTS
LUMBER
250
200 V
200
150
o
o
ICO
x
<r 150
100
UJ
2
UJ
j
1946
50
too
fE
UJ
a.
75
100
125
175 50
150
75
TOTAL (INDEX, 1926 = 100)
100
125
TOTAL (INDEX, 1926=100)
175
150
f 100
DEVIATIONS RELATED TO TIME
CD
<
+ 100
PETROLEUM AND PRODUCTS:
LUMBER:
CD
<
DEVIATIONS RELATED TO TIME
©
-50P
<
>LJ
O
-100 f
t I
I
t I
1920
t t t t 1 t I
1925
1
I
I
1930
I
I I
1935
See footnote 1, chart 3.
to result in a considerably higher price
level. These were:
(1) Production of many items was
very low in relation to demand and in
these cases where the items were market-dominated or flexible, prices advanced very rapidly—meats, lumber, and
certain types of cotton goods are examples of these commodities.
(2) Many consumer durables were not
available in adequate quantities and consumers were utilizing an abnormally high
percentage of their incomes for nondurables, thus contributing to the upward pressure on prices of such non
durables as food and clothing.
I
I
I
l
I
1940
I
I
I
i
I In
1945
1920
1925
i
i
1930
i• t
i
i
i
1935
i i
i
i i
1940
i i
lwJ-100
1945
Source of basic data : U. S. Department of Labor.
(3) Demands for additions to inventories, primarily to fill the production
pipe lines, have resulted in channeling
about 5 percent of the output of goods
into additional stocks of manufacturers,
retailers, and wholesalers in 1946. so that
the flow of finished goods to consumers
has been low in relation to total production and to incomes received.
(4) In the case of many firms, prices
were raised in order to cover rising production costs.
Changing Structure Ahead
As 1947 advances, considerable change
in these factors may be expected. Total
output of finished goods is increasing and
will continue to rise in the coming;
months as a result of new capacity which
will become available and of the increased efficiency of operations. The accumulation of business inventories,
which in book value has averaged one
billion dollars per month in the past six
months, will not be required after a more
balanced inventory position is achieved.
While this will result in reduced demands
for further inventory building, it will effect an increase in the ratio of the flow
of finished goods to total production.
Thus, on the supply side there will be a
(Continved on p. 16)
SURVEY OF CURRENT BUSINESS
March 1947
11
International Transactions of the
United States in 1946
By the International Economics Division, Office of Business Economics
S INDICATED in previous articles in
. this series, the record peacetime
A
level of international transactions of
1
the United States in 1946 involved an
export surplus of unprecedented peacetime proportions. Requirements of wartorn Europe were in considerable part
met by gifts and otherwise financed by
loan arrangements. In other areas, resources accumulated during the war plus
the continuing demand for their raw
materials and other products at rising
prices provided ample purchasing power
for the goods that could be secured in
the United States.
Exports Up in Volume and Price
Exports from the United States
reached a postwar high of 2.6 billion dollars in the fourth quarter of 1946 (see
table 3) to yield a peacetime record of
9.7 billion dollars for the year as a whole.
The rise of domestic prices during the
year was a factor of importance in bringing the export value to this level. The
very large monthly totals in November
and December tended to compensate for
the low figures in September and October resulting from the shipping strikes.
Notably, exports through private channels rose rapidly during the year, reaching 85 percent of recorded exports in the
last quarter compared to less than onefourth during the first 6 months of 1945.
Large Exports lo Europe
Exports to European countries other
than the United Kingdom and the U. S.
S. R. more than doubled in dollar totals
from 1945 to 1946, but the decline in shipments to these two countries reduced the
aggregate for all Europe from 5.5 billion
dollars to 4.1 billion. The over-all decline was the result, of course, of the termination of the export of war materials
under straight lend-lease aid to the two
nations named, and reduced the proportion of exports going to Europe from 56
to 48 percent.
1
See July, October, and December 1946 is-
sues of the SURVEY.
Rising Share to Latin America and Asia
Summary
In 1946 foreign countries bought
or otherwise received goods and
services from the United States to
the extent of 15.3 billion dollars.
Despite the sharp decline of lendlease exports, this amount was less
than 1 billion dollars below the
preceding year's total. Prom their
own financial resources foreign
countries were able to pay for 60
percent of all goods and services
received from us, while the remaining 40 percent was equally divided between gifts and loans. In
order to facilitate these large purchases in this country, over 2 billion dollars of foreign gold and
other assets were sold.
During the present year foreign
productive capacity should rise
sufficiently to provide us with goods
and services to the extent of 9 billion dollars, as against 7.1 billion
dollars last year. This increase
should more than compensate for
an expected decline in relief contributions and in the liquidation
of foreign assets. Foreign countries should have sufficient means,
therefore, to finance exports of
goods and services of about 1
billion more than last year.
Before the war the proportion of total
exports going to Europe had shown a declining trend since the late 1870's; during
the years 1936 to 1940 it averaged slightly over 40 percent. The decline in this
ratio after the war was therefore in the
direction of the long-term trend, and a
further reduction in the share of our exports moving to Europe can be expected.
This development will be stimulated by
the abolition of special export preferences for war-torn European countries,
the expiration of lend-lease and UNRRA
programs, and the termination of Government procurement and setasides of
foodstuffs for export.
Exports to Latin America (including
European dependencies in the Caribbean
area) also rose sharply from 1.4 billion
dollars or 14 percent of total exports in
1945 to 2.2 billion dollars or 23 percent
in 1946. Exports to these countries comprised a growing share in our total exports for 60 years prior to the outbreak
of World War II and reached over 20
percent in 1941. Although both the absolute level and the ratio to total exports
represent new peaks in our export trade
with the Western Hemisphere south of
this country, this development seems to
be in line with the prewar pattern.
Exports to Asia and Oceania, which
rose in proportion to total exports over
the last 70 years prior to the war, have
not yet recovered their prewar share in
total exports. The absolute value of
exports to that area, 1.4 billion dollars,
was, however, 130 percent higher than
the average for the years 1936 to 1940.
The relative deficiency in our exports
to Asia and Oceania was due primarily
to the decline of shipments to Japan,
which during these prewar years averaged nearly 240 million dollars and comprised about 7.5 percent of our total
exports as against a little over 100 million dollars or 1.1 percent during 1948.
This, however, does not include civilian
supplies of about 200 million dollars
sent by the War Department to Japan
and Korea.
Canada and Newfoundland retained
their prewar share in our export trade
during 1946.
Imports Rise Faster
Considerable increase was shown during the last quarter of 1946 in the value
and quantity of goods imported. Even
after adjustment for price changes, imports during that period represented a
record in the history of the country, exceeding the previous high levels of 1929
and 1941. Compared to the present
level of economic activity, imports were
still relatively low, even if certain de-
12
dining trends in the relationship between real imports and real income
exhibited during the prewar period are
taken into consideration.
The "deficiency" exists in varying degrees with respect to all areas of the
world except South America and Africa,
which seem to have supplied more to us
in 1946 than we should have expected on
the basis of prewar relationships between national income and imports from
these areas.
Export Surplus Reflects Import Lag
During the years 1936 to 1938 the
United States had a surplus of commodity exports over imports in the trade with
Europe, Africa, and North America. In
the trade with Asia and South America
imports exceeded exports. (See chart 1).
In 1946 Europe, Africa, and North
America, with which we had an export
surplus before the war, continued to obtain more from us than they sold here.
In fact, the export surplus to these areas
increased from an annual average of
about 700 million dollars during the years
1936-38 to about 4.1 billion dollars during
1946. For Europe alone the export surplus increased from 533 million dollars
to 3.3 billion dollars.
The question may be asked whether
the unusually large export surplus to
both Europe and Asia is due to the relative increase of exports or decline of imports. In Chart 1 there is indicated, in
addition to actual imports in 1946, a
"theoretical" or "calculated" level of imports for each area, based on a projection of prewar relationships between imports and domestic business activity with
allowance for long-term trends.
Actual exports to Europe and Asia in
1946 were 191 percent and 66 percent,
respectively, of calculated imports, as
compared with an actual ratio in 1936-38
of 175 and 75 percent. Thus, exports to
Europe in 1946 were only about 360 million dollars, or 10 percent above the value
that would have been reached if actual
imports had reached the calculated level,
and the 1936-38 ratio of exports to imports had obtained. On the other hand,
exports to Asia were less in proportion
to calculated imports than the actual
1936-38 ratio. To reach the prewar pattern of trade with this continent, therefore, both exports and imports would
have to expand.
If prewar (1936-38) ratios between total exports and imports had been maintained and if imports had been at the
"calculated" level in 1946, exports would
have amounted to 8.6 billion dollars instead of 9.7 billion dollars. In this
sense, therefore, it might be said that
the export surplus of 4.8 billion dollars
in 1946 was due to an "excess" of exports
SURVEY OF CURRENT BUSINESS
March 1047
Chart 1.—United States Exports, and Actual and Calculated Imports
ACTUALBBS8t.il CALCULATED-^
BILLIONS OF DOLLARS
EXPORTS
IMPORTS
BILLIONS OF DOLLARS
3
5
NORTH AMERICA
ASIA AND OCEANIA
O
AFRICA
1 9 3 6 - 3 8 AVG.
1946
1936- 38 AVG.
1946
1
Data are derived from the relationship between national income and imports for the years 1921-38,
in constant prices.
Source of data : U. S. Department of Commerce.
of 1.1 billion dollars. By the same token
the import "deficiency" may be considered to have been 2.4 billion dollars, and
the "normal" portion of the export surplus 1.3 billion dollars.
Transportation Receipts High
Ocean-borne traffic, which accounts
for most of the transportation payments
and receipts shown in table 4, was at a
high level. American-flag shipping carried 62.2 percent of 61.5 million long tons
of ocean-borne exports, and 67.6 percent of 40.6 million long tons imported.
However, these percentages declined
steadily from 72 and 75 percent of exports and imports, respectively, in the
first quarter to an estimated 51 and 60
percent in the last. High freight rates
and prices of goods and services comprising "port expenditures" also contributed to the substantial transfers on
both sides of this account.
Travel Expenditures Up
Although travel for purely pleasure
purposes was restricted to the Western
Hemisphere in 1946, Americans spent
about 430 million dollars on foreign
visits, excluding transoceanic passenger
fares. Almost half of this was spent in
Canada, and that country and Mexico
together accounted for over two-thirds
of the total. As was anticipated, United
States expenditures in Canada reached
an all-time peak.
Military expenditures accounted for an
important part of our purchases of foreign services during 1946, although in
greatly reduced volume compared to the
war years. On the receipts side motion
picture royalties of 135 million dollars,
over half from Great Britain, constituted
the major item in the "other services"
group, although administrative expenditures in the United States of foreign
governments and international organi-
March 1947
zations also ran in excess of one hundred
million dollars.
Relation to Gross National Product
Excluding 1.6 billion dollars of surplus
property,2 the United States in 1946 supplied about 6.6 billion dollars of goods
and services to other countries in excess
of the amount received from abroad.3
At 3.4 percent of the gross national product, this was considerably lower than
during the war period but was nevertheless in sharp contrast with the balance in
the exchange of goods and services with
foreign countries reached in the middle
thirties. (See chart 2).
As already indicated, the present export surplus results more from a deficiency of imports rather than an excess
of exports. Nevertheless, because of the
large pent-up demand in this country
and the comparatively insufficient output of finished goods, exports in some
cases represented a noticeable drain upon
domestic supplies. In 1947, as the production pipeline fills and the output of
finished goods increases over last year,
even an increase in the percentage of
total production exported should be possible.
Large Unilateral Transfers
The pressure on foreign financial resources resulting from our 15.3 billion
dollar export total was partially relieved
through gifts and contributions, both
government and private. Unilateral
transfers—a term which includes all
transactions that represent neither the
purchase of goods and services nor of
capital assets—financed exports of 3 1
billion dollars in 1946, about 20 percent
of the total. The major components of
this group of items are shown in table 5.
Private remittances increased sharply
over the 1945 totals, primarily because
it was possible to send goods and money
to practically all European areas during
all of 1946.
In spite of the virtual termination of
straight lend-lease, the United States
Government financed a large proportion
of our exports in 1946, either as outright
grants or under conditions where the
obligation of repayment was not sufficiently clear to justify classification as
a movement of capital. The latter applies particularly to civilian supplies,
almost entirely foodstuffs, distributed in
the occupied areas at a landed-cost value
2
Including 170 million dollars surplus
property
transferred to UNRRA.
3
This figure is not equal to the net foreign
balance as reflected in the gross national
p cduct because certain types of foreign shipments are reflected elsewhere in the gross
national product, e. g., UNRRA exports under
Government expenditures.
13
SURVEY OF CURRENT BUSINESS
of 554 million dollars. The whole of this
amount has been entered in the merchandise figures for balance of payments
purposes; the shipments are not reflected
in the official exports statistics compiled
by the Department of Commerce.
Contributions to UNRRA include the
f. o. b. value of goods procured in the
United States, ocean freight on UNRRA
exports, certain miscellaneous services,
and actual cash transfers of 155 million
dollars.
United States Capital Invested Abroad
Movements of United States long-term
capital invested abroad provided foreign
countries with 3,992 million dollars net
in 1946. (See table 6). Most of this
movement was new Government lending.
Lend-lease and surplus property credits
Table 1.—International Transactions of the United States in 1946
[Millions of dollars]
Receipts:
Goods and services:
Goods
Income on investments Other services
Total goods and servicesUnilateral transfers
Long-term capital:
Movements of United States capital invested abroad
Movements of foreign capital invested in United States-
Third | Fourth
quarter : quarter
Second
quarter
First
quarter
2,727
113
750
3,
344
169
576
3,590
4,089
3,001
103
654
3,758 I
1,231
37
543
1.
245
40 I
336 |
1.311
44
432
1,
1,811
1,621
1,787 i
1,912
|
1,305 !
30 ;
3,637
~3, 895
+ 1,779 i
-879 !
+900
-652
+ 2. 4 ( W
- 8 8 7
+
1.581
|
-227 !
—31
-161
Net movement of foreign short-term capital in United States. _
-6 i
-332
264
173
1,694
7,131
3,
1,037 i
137 !
930
20
3 , 9 9 2
341
|
1.
174
I "
3,
788
329
4,333
950
37473
1.971
- 7 8 3
h i - 1 * 8
i
+ 108
5,
i l l
52
383
611
14,
793
+ 1,915
-561
+ 1,354
' -717
+8,133
-3,110
+5,023
-3,342
+637
+1,681
+248
All transactions.
991
16,474
4,110
827
939 !
1,335
Net flow of funds on gold and short-term capital account:
Net increase (—) or decrease (+) in gold stock_
Net movement of United States short-term capital abroad
990
1
233
289 i
264
219
50
4,091
Total long-term capital
Excess of receipts (+) or payments (—):
Goods and services
Unilateral transfers
Goods and services and unilateral transfers.
Long-term capital
15,
388
720
154
Total payments
3 , 8 2 7
4,
952
140
611
2,513
233
247
Total receipts
Total goods and services..
12,
246
1
Total long-term capital
Unilateral transfers
Long-term capital:
Movements of United States capital invested abroad
Movements of foreign capital invested in United States
3 , 0 6 8
226
533 i
52
73
222
Payments:
Goods and services:
Goods
Income on investments^
Other services
|
T o t a l
_-~
- 6 2 3
- 2 9 3
- 8 8 3 .
- 2 8 8
- 7 1
- 4 1 1
-169
-134
-770
!
Net inflow (+) or outflow (—) of funds
+ 133 I
-123
Errors and omissions
Table
2.-—F inaneing United States Foreign Trade
First quarter
B i l l i o n s
of
dollars
Total goods and services
transferred
.._ . .
+ 118
Percent
Second quarter
Billions
of
dollars
Percent
Third quarter
Billions
of
dollars
Percent
3.6
100
4.1
100
3. 8
100
1.8
50
1.6
39
1.8
47
.4
11
F o u r t h
q u a r t e r
B i l l i o n s
of
dollars
P e r c e n t
3. 8 ]
T o t a l
B i l l i o n s
of
dollars
1
0
01 5 . 3
Percent
100
METHOD OF FINANCING
Through goods and services
sold to us
Through liquidation of longand short-term foreign assets
including gold
Through long- and short-term
credit
Through unilateral transfers
(in kind or monev)
.4
11
q
25
1
2
1. 9
5 0
.5
12
.3
8
i . 9 :
2
1.1
27
.9
24
- . fi ,
1 6
.9
22
.8
21
. fi
:
1 6
4
7.1
46
i 2.2
14
2
3. 0
20
3.1
20
1 Excluding the increase in short-term balances of the International Bank resulting from payment of the United
States
subscription.
2
Excluding the United States subscription to the International Bank.
NOTE: Figures will not necessarily add to total because of rounding and "Errors and omissions."
14
SURVEY OF CURRENT BUSINESS
Chart 2.—United States Exports and Imports of Goods and Services, as
Percentages of Gross National Product
PERCENT
12
PERCENT
12
March 1947
and two additional issues totaling 53.5
million dollars were offered in the early
part of 1947. It is known that other
foreign borrowers are planning to raise
funds in the market.
Short-Term Capital Also Moves Out
Private short-term assets abroad increased during the year, the net movement being 261 million dollars. Private
bank participation in Export-Import
Bank loans, including the 200 million
dollar loan to the Netherlands, and Federal Reserve loans to foreign banks (secured by pledges of earmarked gold)
probably accounted for most of this
movement, although some increased
bank financing of United States exports
may have been involved.
IMPORTS
Foreign Assets and Gold
I
1
1
1
1
I
I
I
1
I
I
1
1
I
J_
1929 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
I
I
I
I
1945
1 I
1946
47-017
Source of data : U. S. Department of Commerce.
of 1,406 million dollars were direct offsets to goods transferred on a credit basis
in an equivalent amount. Export-Import Bank disbursements of 971 million
dollars were used to finance purchases of
goods and services in the United States,
or to make advance payments on orders
here. These purchases and orders, however, were for the most part placed with
private American suppliers whereas the
lend-lease and surplus property transfers
were made directly by the United States
Government.
The other principal government loan
transaction, the British credit, is in a
class by itself. The loan was granted,
among other purposes, to assist the British in meeting their over-all balance of
payments deficit, and no limitations on
where the loan may be spent were
provided.
Government purchased the Americanowned telephone system in that country
for 95 million dollars in October, and the
Barber Asphalt Corporation sold its oil
royalty interests in Venezuela to the
Shell Petroleum Company, Ltd., for 25
million dollars. Other liquidations in
excess of new investments contributed
to a net inflow of direct-investment
funds of 26 million for the year.
Although the net movement for the
year was inward, certain evidences of a
renewed outflow of private capital appeared during 1946. For the first time
since 1941, a foreign borrower other than
Canada appeared in the market. Two
Australian refunding issues totaling 45
million dollars were successfully floated,
Imports, gifts, and extensions of United
States credit were not sufficient to finance all the goods and services transferred to foreign countries in 1946. To
settle for the remainder they had to sell
340 millions of long-term assets, mostly
United States securities, 623 million in
gold,4 and reduce their short-term dollar
claims by about 1.2 billion. The last,
however, was partly offset by an increase
of 317 million dollars received by the International Bank from the United States,
leaving a net reduction of 883 million
dollars.
4
Net monetary gold movements, as now
recorded for balance of payments purposes,
represent the changes in the monetary gold
stock of the United States. Foreign gold
going into industrial uses is added to merchandise imports in the balance of payments
table, and not included in "net exports or
imports of monetary gold." Total net purchases of gold from foreign countries
amounted to 705 million dollars.
Table 3.—Merchandise Transactions With Foreign Countries in 1946
[Millions of dollars]
Net Return of Private Long-Term Capital
In spite of moderately heavy purchases
of outstanding Canadian securities in
the first half of the year and an outflow
of direct-investment capital to existing
United States enterprises abroad, the
net movement of private American longterm capital was inward. The regular
amortization of American-held foreign
dollar bonds was augmented in 1946 by
unusual redemptions (calls before maturity) of several issues, principally Canadian and Argentine Government
bonds, amounting to about 190 million
dollars and net foreign repurchases of
outstanding foreign issues of about 10
million. In addition the Argentine
Transfers to foreign countries:
Recorded exports including reexports:
Private
Government
Total recorded exports
Additions:
Surplus property
Civilian supplies
Miscellaneous adjustments (net) Total transfers to foreign countries
Transfers from foreign countries:
Recorded general imports:
Private
Government- _
. . _. . - Total recorded imports
Additions:
ATilitarv purchases abroad
Miscellaneous adjustments (net).
Total transfers from foreign countries
-_-
Third
quarter
Fourth
quarter
First
quarter
quarter
1,426
858
1,660
825
1. 733
618
2,196
423
7,015
2,724
2,284
2,485
2, 351
2,619
9,739
273
107
63
574
207
78
494
115
41
253
125
71
1,594
554
253
2,727
3,344
3,001
3,068
12,140
937
159
1,032
158
1,077
157
1,198
218
4,244
692
1,096
1,190
1,234
1, 416
4,936
81
54
35
20
40
37
40
21
196
132
1,231
1, 245
1,311
1, 477
5, 264
Second
Total
.March li>47
Outlook
For the year 1947 it may be estimated
that foreign countries will utilize more
dollars and credit to buy goods and services from the United States than the
amount actually expended during the
past year, provided the current high level
of economic activity in the United States
is maintained. Reconstruction of production facilities abroad, coupled with
higher import prices, should raise the
amount of dollars paid to foreigners for
goods purchased from them to about 6.7
billion dollars.
Expenditures on foreign services, including tourist and shipping expenditures and payments of interest and dividends on foreign investments, should
raise foreign dollar receipts from the
sale of goods and services to about 9 billion dollars, as compared to slightly
over 7 billion dollars last year.
Relief contributions (including unilateral transfers by the Government and
personal and institutional remittances)
are likely to fall off, particularly in the
latter part of the year. UNRRA funds
used to the end of December were still
600 million dollars short of our obligation of 2,700 million dollars. To these
600 million dollars may be added about
200 million dollars for continued relief
for specified countries and for the International Refugee Organization and
500 million dollars for civilian supplies
for the occupied countries if Congress
approves the President's request. Wardamage payments to the Philippines and
settlement of other war claims may bring
the total unilateral transfers by the
Government to about 1.6 billion dollars.
Net private remittances may add
another 700 million dollars, so that foreigners would receive either in money or
in kind about 2.1 billion dollars on this
account, or one billion dollars less than
last year.
Prom loans and credits foreign countries should be able to obtain about 4.0
billion dollars, about one-third more
than in 1946.5 The increase in longterm loans can be expected from a considerably higher utilization of the British loan, from the start of actual lending
operations by the International Bank,
and from some net capital outflow on
private account. These increases should
more than compensate for the practical
disappearance of lend-lease credits and
the sharp decline of surplus-property
loans.
Accumulated foreign dollar assets and
gold, which in 1946 were drawn upon to
5
This excludes our payment to the International Bank which was not actually disbursed to foreign borrowers during 1946.
SURVEY OF CURRENT BUSINESS
15
Table 4.—Service Transactions With Foreign Countries in 1946
[Millions of dollars]
Receipts:
Transportation
Travel
Miscellaneous services:
United States Government
Private
First
quarter
Second
quarter
quarter
Fourth
quarter
541
43
415
55
481
66
378
54
1,815
218
83
83
25
81
28
79
25
161
319
750
576
654
533
2, 513
166
71
160
95
192
170
181
93
699
429
282
24
58
23
41
29
79
30
460
106
543
336
432
383
1, 694
_.
Total
Payments:
Transportation
Travel
Miscellaneous services:
United States Government
Private
_
Total
Third
Total
Table 5.—Gifts and Other Unilateral Transfers in 1946
[Millions of doll ars]
First
quarter
Second
quarter
Third
quarter
109
532
107
20
184
46
414
207
69
203
6
382
115
133
191
194
125
72
220
161
1, 522
554
294
798
952
939
827
611
3, 329
52
21
24
28
36
10
40
94
125
73
52
44
50
219
To foreign countries:
Straight lend-lease
UNRRA
Civilian supplies for occupied countries
Other government transfers
Personal and institutional remittances
Total
From foreign countries:
Government
_
Private
.
_____
Total
Fourth :
quarter i
i
Tl o ft a,l
Table 6.—Movements of United States Long-Term Capital iii 1946
[Millions of dollars]
Outflow:
Government:
Lend-lease credits
Surplus property credits. .
Export-Import Bank
international Bank and Monetary Fund
British loan __ __ _
.__
Other
Total
Private
____
_
_
Second
quarter
quarter
271
135
137
173
414
333
159
78
110
231
Third
400
Total outflow
Inflow:
Government.
Private
First
quarter
_____ _
Total inflow
the extent of 2.2 billion dollars,6 are unlikely to be liquidated to the same extent
in 1947. Without reducing their gold
and dollar reserves unduly, foreign countries could liquidate the equivalent of
current gold production, about 700 million dollars per year outside of the
U. S. S. R., and obtain another 700 million dollars by drawing upon long- and
short-term assets in the United States
°Not counting the increase of dollar balances of the International Bank on account
of the United States contributions of 317
million dollars. (See table 2.)
Fourth
quarter
Total
24
201
270
164
200
2
54b
86<
971
323
600
19
543
177
1,079
226
836
201
861
69
3,319
673
720
1,305
1, 037
930
3, 992
22
200
19
227
18
222
246
289
20
213 !
79
911
233
990
and by purchasing dollars from the
Monetary Fund.
These approximations aggregate somewhat over 16 billion dollars, of which
about 3.2 billion would have to be reserved for payment of interest and dividends on American investments, and for
payment for various services, chiefly
transportation. The remaining 13 billion dollars would be available for commodities. After allowing for civilian
supplies for the occupied countries, and
remaining surplus property sales, a balance of 12 billion dollars would be avail-
SURVEY OF CURRENT BUSINESS
16
able to purchase exports of commodities
recorded in the official trade statistics,
as compared to 9.7 billion dollars in 1946.
Of the 16 billion dollars, however, it
will be noted that only 10.4 billion would
be derived from foreign countries' own
resources, including goods, services, and
gold to be sold to us, and utilization of
existing dollar assets owned abroad.
About one-third of the remainder would
be made up by unilateral transfers,
chiefly of a temporary character, and
the balance by loans.
March 1947
Chart 5.—Bond Yields and Money Rates on Prime Commercial Paper *
PERCENT
PERCENT
MONTHLY AVERAGE FOR THE YEAR
MONTHLY DATA
CORPORATE (Aaa) BONDS
The Business Situation
\
.•••••••••••*•
• • • • • • • ••••*
(Continued from p. 3)
tendency for department-store sales
since last summer. These stores do not
have a high proportion of durable goods,
the sales of which are moving up with
increased supplies, nor are they indicative of the rise in dollar sales of food.
Lower Margins for Stocks
A recent money market development
has been the Federal Reserve action reducing margin requirements for stock
purchases. Effective February 1, margin
requirements were reduced from 100 percent to 75 percent. During the preceding year, while the 100 percent ruling
was in effect, the volume of credit being
used for carrying listed securities was
reduced to the lowest level in 30 years.
Higher Rates for Short-Term Borrowing
Other types of borrowing have risen
appreciably over the past year. On the
whole, the stiffening of interest rates associated with the increased demand for
funds during the reconversion period has
been confined to short-term loans. It
will be seen from chart 5 that bond yields
declined to an all-time low last spring
when stock prices reached their postwar
peak. The subsequent rise has been
small and has been most noticeable in
bonds of less than gilt-edge quality. The
basic factor shaping the interest rate
structure continues to be the Government's policy of fostering low interest
rates.
Despite the upward adjustment of
charges for short-term financing, illustrated by the bottom line in the chart,
short-term as well as long-term rates
have remained at low levels as compared
with any prewar standard. It would appear that continuance of this situation
is guaranteed by the assured adequacy
of bank resources—including legal reserves plus Federal securities—to meet
expanded demands for loans.
* TREASURY BONDS &
(TAXABLE)
'J
PRIME COMMERCIAL PAPER*
(4-6 MONTHS)
i
I t 1 tI i t I l I I I 1 I
1928 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45
I
I
I
I
I
I
I
I
I
• ,1
1946
1947
47-39
1
Bond yields are averages of daily figures. Data for prime commercial paper are averages of
weekly
prevailing open-market rates in New York City.
2
Represent yields on bonds due or callable in 15 years or over. There were no partially tax-exempt
bonds due or callable in 15 years or over after December 15, 1945.
Sources of data : U. S. Treasury Department, Board of Governors of the Federal Reserve System,
and Moody's Investors Service.
The Current Structure of Prices
{Continued from p. 10)
considerable improvement this year from
the situation in 1946.
As the durable goods become available
in increasing quantities, the disproportionate spending on nondurables (relative to incomes currently received) will
run into a competitive factor not present
last year. It is true that consumers have
large asset holdings, and access to a large
source of credit through such avenues
as instalment purchasing. Nevertheless, if in the aggregate they do not
decide to reduce their net savings substantially, the result will be developing
pressure against the prices of many nondurable goods.
The fact that many of these commodities—notably those in the farm category—are yielding unusually large
margins means that there is leeway for
adjustments without destroying the profitability of the trade. Furthermore, we
may expect improvement in the effi-
ciency of production and distribution as
output in some industries is better organized on a high and sustained level—
an improvement that obviously should be
shared with the consumer in terms of
reduced prices.
In sum, then, aside from the question
of what may happen to the level of
prices, there is reason to expect in 1947 a
considerable adjustment in the price
structure. The existing structure does
not rest upon a foundation of permanently altered relationships, but is rather
a product of temporary influences,
which, when they have passed, will have
left much less of an imprint than has
recently existed. Analyses of both the
basic relationships, and the special conditions that affect, or will in the nearterm, affect individual commodity prices
will no doubt yield fruitful results to
individual business concerns which are,
in general, concerned on both the selling
and the buying side.
SURVEY OF CURRENT BUSINESS
March 1947
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OF CURRENT BUSINESS. That
volume contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available; it
also provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publication of the 1942 Supplement are indicated by an asterik(*) 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 refer
to adjustment of monthly figures for seasonal variation.
Data subsequent to January for selected series will be found in the Weekly Supplement to the Survey,
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
January
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
BUSINESS INDEXES
INCOME PAYMENTS!
Indexes, adjusted:
263.6
Total income payments__
1935-39=100..
Salaries and wages
_.do
261.1
Total nonagricultural income
do
251.5
Total
mil. of dol_. 14,422
Salaries and wages:
9,123
Total
do
Commodity-producing industries
do
3,848
Distributive industries
do
2,356
Service industries
do
1,598
1,321
Government
do
117
Public assistance and other relief
do
Dividends and interest
do
1,249
Entrepreneurial income and net rents and royalties
mil. of doL.
3,137
Other income payments
_do
796
Total nonagricultural income
do
233.5
231.1
229.3
13,047
231.7
227.8
226.1
12,068
234.7
235.1
230.4
13,199
236.4
239.0
232.6
12, 960
239.7
240.6
233.8
12, 768
240.9
244.1
235.6
14, 478
250.6
249.9
240.0
13, 979
252.1
254.1
243.2
13, 481
246.6
254.3
242.7
14, 317
254.5
253.5
243.7
14, 673
259.2
256.9
246. 8
14, 202
8,179
2,938
2,018
1,396
1, 827
90
1,122
8,041
2,917
2,021
1,431
1,672
92
525
8,360
3,222
2,075
1,476
1,587
94
1,386
8,541
3,318
2,168
1,495
1,560
93
892
8,629
3,425
2,228
1,476
1,500
94
558
8,787
3,641
2,176
1,503
1,467
95
2,238
8,845
3,701
2,216
1,537
1,391
96
1,113
8,995
3,878
2,255
1,546
1,316
97
554
9,144
3,928
2,296
1,546
1,374
99
1,455
9,195
3,902
2,323
1,555
1,415
107
893
9,210
3,867
2,378
1,586
1,379
110
587
'
'
'
'
'
2,609
1,047
2,415
995
2,402
957
2,507
927
2,577
910
2,500
858
3,099
826
3,020
815
2,859
760
3,725
753
3, 549
746
' 3, 305
'754
12, 756
11,719
10,930
12,059
11, 698
11,423
13,178
12,082
11, 684
12, 693
12, 239
12,009
' 14,048
144
149
140
131
135
129
120
107
130
118
97
134
117
78
146
125
99
145
111
94
125
154
150
158
145
156
136
130
162
106
188
231
155
168
169
166
150
153
149
166
191
147
150
170
135
155
162
150
149
164
138
131
119
140
159
189
136
131
150
'118
155
142
164
139
130
146
111
117
107
142
142
142
156
155
157
'154
155
'154
2,180
2,144
834
1,310
331
801
173
1,648
1,534
666
868
213
462
188
1,455
1,383
520
863
211
501
146
1,426
1,370
487
883
240
448
190
1,569
1,419
455
964
261
493
190
1,657
1,551
583
968
289
440
209
2,257
2,193
1,021
1,172
340
612
199
2,027
2,014
1,134
880
333
300
227
3,347
3,332
1,829
1,503
346
838
293
2,935
2,922
1,335
1,587
348
939
285
231
267
311
234
208
289
319
267
206
271
308
243
214
262
267
258
233
284
331
249
330
313
294
327
303
249
279
227
501
348
346
349
440
367
347
382
'261.6
' 260.1
' 249.6
• 15, 952
9,
3,
2,
1,
1,
384
895
513
608
368
114
2,395
FARM MARKETINGS AND INCOME
Farm marketings, volume:*
Indexes, unadjusted:
Total farm marketings
1935-39= 100..
Crops
.do
Livestock and products
do
Indexes, adjusted:
Total farm marketings
do
Crops
do
Livestock and products
do
Cash farm income, total, including Government payments*
..-mil. of dol.
Income from marketings*
do...
Crops*
do...
Livestock and products*
do._.
Dairy products*
do
Meat animals*
do
Poultry and eggs*
do
Indexes of cash income from marketings:!
Crops and livestock, combined index:
Unadjusted
1935-39=100..
Adjusted
do
Crops
do
Livestock and products
....do
323
364
370
363
1,523
1,469
618
, ' 851
fe 299
i 331
k ' 192
221
271
332
226
2,407
2,271
992
1,279
k 349
699
i 202
342
335
311
354
' 2,493
' 2,475
1,051
1,424
366
786
261
'372
'363
349
'374
INDUSTRIAL PRODUCTION
Federal Reserve Index
163
174
180
159
171
184
184
164
'183
148
156
'179
Unadjusted, combined indexf
1935-39=100. _ v 184
151
170
174
167
176
178
186
'190
191
r 192
P192
160
'188
Manufactures!
...do
190
175
194
203
210
214
'214
215
164
136
P217
'209
••181
Durable manufactures!
do
102
43
169
159
109
154
'180
'184
'185
'184
'178
193
'159
Iron and steel!
do
129
131
141
137
144
147
142
139
v 128
110
120
99
129
Lumber and products!
do
144
152
144
142
146
152
142
157
139
155
135
160
»161
Furniture!
do
122
126
138
133
140
144
131
95
108
136
P112
80
114
Lumber!
do
'254
225
241
243
230
261
268
271
207
*275
217
188
'275
Machinery!
do
132
137
' 150
'159
'172
'184
'192
' 141
'139
'128
151
'198
P200
Nonferrous metals and products!
do
' 147
141
'138
147
'155
163
176
191
'199
155
'146
204
Fabricating*
do
'139
'167
'105
110
150
••121
'108
'161
'176
128
' 182
*>185
140
Smelting and refining*
do
187
180
191
193
204
'212
209
'207
174
184
'201
163
P201
Stone, clay, and glass products!
do
171
145
134
166
179
125
188
181
175
113
107
161
148
Cement
do
147
147
154
144
140
'155
155
158
138
143
' 158
134
161
Clay products*
do
243
228
237
239
261
270
254
247
251
258
242
247
273
Glass containers!
do
241
239
242
' 237
245
238
240
235
209
199
'235
220
^230
Transportation equipment
do
162
167
176
182
161
188
185
187
114
107
98
187
P182
Automobiles!§
do
161
160
162
159
166
172
'174
162
172
' 171
162
P172
157
Nondurable manufactures!
do
174
187
174
157
237
221
164
196
211
162
210
206
198
Alcoholic beverages!
do
232
237
231
231
233
244
234
235
233
240
'248
P250
233
Chemicals!
do
383
389
396
395
'402
411
392
395
'422
384
379
382
P425
Industrial chemicals*
do
p Preliminary. ' Revised. § Index is being revised; see note for automobile index at the bottom of p. S-2 of the February 1947 Survey.
*New series. For a description of the indexes of the volume of farm marketings and figures for 1929-42, see pp. 23-32 of the April 1943 Survey; indexes since 1942 are from the Department of Agriculture. Data for 1913-41 for the dollarfiguresfor total cash farm income and total income from marketings are shown on p. 28 of the May 1943 Survey; revised totals
for 1940-44 are given in the note on p. S-l of the January 1947 Survey; the monthly figures have not as yet been adjusted to the revised totals. Data prior to 1946 for the breakdown
of cash income from marketings will be shown later. Data beginning 1939 for the new series under industrial production are shown on p. 18 of the December 1943 issue.
! Revised series. For revised data on income payments for 1930-41 see p. 16 of the April 1944 Survey and for 1942-44, p. 20 of the May 1945 issue. For revisions for the indicated
series on industrial production, see pp. 18-20 of the December 1943 issue. Revised data for 1913-41 for the unadjusted index of cash income from farm marketings are available on p. 28
Digitized
FRASER
of thefor
May
1943 Survey; the adjusted index was revised in the February 1947 Survey (see note in that issue); the indexes of cash income from dairy products, meat animals, poultry
and eggs, published in the Survey through the February 1947 issue have been discontinued.
http://fraser.stlouisfed.org/
733486—47 3
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
S-2
March 1947
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
Jamiary
February
March
April
May
June
July
October
August
Novem- December
ber
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index—Continued
Unadjusted— Continued.
M anufacture—C on tinued.
Nondurable manufactures—Continued.
Leather and products!
1935-39=100
Leather tanning*
do
Shoes
__
.do
Manufactured food products!
do
Dairy products!____
do
Meat packing
do
Processed fruits and vegetables* .
do _ _
Paper and products!-_
__
do
Paper and pulp!
do
Petroleum and coal products!do _ _
Coke
do
Petroleum refining!
do
Printing and publishing!
__
-_
do _ _
Rubber products!
do
Textiles and products!
___
_.
do
Cotton consumption
do
Rayon deliveries
do
Wool textile production
_ do
Tobacco products
do
Minerals!
do
Fuels!
_
_.
do
Anthracite!
do
Bituminous coal! _
do
Crude petroleum
do
Metals
do
Adjusted combined index!
do
Manufactures
do
Durable manufactures
__
do
Lumber and products
._
do ___
Lumber
do
Nonferrous metals
. _.
do . .
Smelting and refining*
_ . . . do _ .
Stone clay, and glass products
do
Cement
_ . . .do
Clay products*
do
Glass containers
do
Nondurable manufactures
do
Alcoholic beverages
do
Chemicals
.
. . .
do
Leather and products
do
Leather tanning*
do
Manufactured food products
._. do
Dairy products
do
Meatpacking.
_
do
Processed fruits and vegetables*...
__do
Paper and products
_
do
Paper and pulp
do
Petroleum and coal products
do
Petroleum refining
do
Printing and publishing
do
Textiles and products
_
.
do _.
Tobacco products
do
Minerals
__
do
Metals
do
p 119
P151
P95
191
p 109
P155
P149
P133
P245
P174
161
260
157
p 139
P150
p 118
P173
p 144
p 188
P196
P220
p 133
P200
P185
P212
182
P173
278
P177
241
P251
164
p 148
163
P
P155
p 149
P138
P174
158
P145
p 112
117
115
118
143
137
136
138
145
P75
P85
155
94
133
130
171
92
141
137
P166
P161
116
91
114
215
151
138
'235
153
142
134
146
114
159
144
60
160
163
166
108
95
'150
'137
172
131
144
247
161
231
234
117
115
154
p 116
131
145
133
130
p 166
122
216
'160
146
'237
171
148
134
149
121
160
147
47
152
154
138
119
108
'141
128
185
149
144
255
167
238
232
133
126
160
p 117
178
146
140
136
p 161
118
151
143
141
107
123
'160
156
141
93
134
119
144
139
p 101
129
89
148
143
p 171
151
131
114
142
139
v 134
120
101
146
141
p 166
113
129
221
162
147
'245
173
152
131
145
125
168
138
44
168
173
183
125
117
' 139
'121
192
152
150
251
166
176
232
134
120
156
P122
127
104
142
137
P160
P189
120
103
142
138
84
125
147
142
P163
P174
73
137
101
94
106
161
p 197
154
228
136
131
p 178
160
129
219
161
144
'249
169
147
99
108
121
10
146
46
165
176
190
130
123
132
'108
190
152
148
242
164
169
235
131
115
153
126
215
'165
149
251
174
164
115
124
125
60
149
62
159
167
175
129
123
'128
'105
175
127
140
213
161
155
231
127
104
145
129
218
165
152
'245
174
159
141
149
86
156
153
95
170
176
193
133
127
137
110
190
155
148
240
162
161
233
128
107
139
115
211
'145
127
'239
144
145
150
153
128
159
154
126
172
177
202
129
121
'151
' 140
192
155
147
249
157
176
235
103
99
150
P129
P120
P129
P136
P171
130
165
146
141
v 166
127
162
161
137
89
126
161
154
104
76
140
163
148
143
127
105
142
137
120
158
142
138
P163
124
'165
163
115
63
85
162
146
142
p 174
129
165
153
139
78
119
100
133
164
p 175
122
255
147
142
p 182
165
118
99
131
164
117
98
130
158
P151
P120
'114
109
'117
'156
P96
P95
37
315
150
144
117
216
152
146
181
'147
153
'147
175
'132
150
146
P181
P179
P177
P174
166
167
152
143
123
221
' 163
149
'240
173
161
147
150
120
156
151
132
177
'184
208
135
126
'159
'150
197
159
150
251
164
174
237
120
101
147
128
234
'168
153
'242
181
166
149
151
125
163
149
136
179
185
'212
137
129
'172
'161
204
162
150
265
165
227
235
119
101
136
135
234
'169
155
'248
178
179
147
150
124
160
149
126
181
188
'214
136
127
'184
'168
200
156
149
250
168
206
238
117
97
146
135
243
'174
164
'256
181
172
135
140
123
116
150
105
'183
191
'214
142
135
'192
'175
202
162
150
251
'173
213
243
121
110
156
'141
'248
'164
141
'254
180
138
131
141
121
130
147
'74
'182
'190
'210
'141
132
'197
'181
'207
177
'152
265
'173
234
'247
P137
P143
P146
P146
P147
163
'159
153
147
151
P169
150
146
P177
P174
130
'174
169
136
'117
'138
'164
148
136
P108
P178
138
155
147
142
p 182
P181
115
167
152
146.
p 179
124
'145
140
146
103
129
'163
155
144
107
128
'168
157
146
111
132
'169
173
145
111
165
175
136
131
'123
114
'129
'158
38
142
150
144
P115
110
'161
MANUFACTURERS' ORDERS, SHIPMENTS,
AND INVENTORIES (VALUE)
203
209
'228
233
'23€
193
228
186
214
188
211
204
New orders index total!
avg month 1939—100
219
203
224
'254
262
'248
179
176
231
232
229
254
Durable goods industries
do
240
27C
221
231
'267
'274
163
281
165
223
250
252
Iron and steel and their products
do
'314
269
321
31S
240
297
'318
235
215
292
331
Machinery including electrical
do
295
155
157
152
159
173
'173
' 18*6
156
161
166
153
Other durable goods
__do - . .
2oe
194
'215
'221
221
189
188
200
212
196
203
198
188
Nondurable goods industries
do
197
206
244
'267
'276
183
240
184
209
222
206
Shipments, index, total!
do
208
203
'262
183
207
278
153
259
29C
169
212
233
216
Durable goods industries
do
134
'235
142
217
'252
216
126
Automobiles and equipment
do
169
98
81
88
188
174
186
236
'233
92
178
229
'228
' 141
212
187
197
Iron and steel and their products
do
222
202
'287
'315
198
233
289
'34C
199
257
255
Machinery, including electrical-.
do
240
185
'289
167
'319
34C
172
163
186
241
276
210
206
Nonferrous metals and products . . . _
do
504
547
554
492
531
'506
503
56C
572
457
535
497
Transportation equipment (exc. autos)
do
211
199
'263
223
247
'270
26£
176
220
211
230
Other durable goods industries.
.do
188
206
208
209
'227
231
'260
204
195
206
215
199
Nondurable goods industries
._
do
221
221
'224
215
223
250
213
203
208
206
'25£
198
Chemicals and allied products
do
216
213
210
248
306
225
244
'307
218
209
253
220
Food and kindred products
. . . do _ 196
200
206
242
185
225
'247
182
222
208
198
185
Paper and allied products
do
167
173
181
219
154
161
'203
'236
185
196
209
193
Products of petroleum and coal
do
260
313
242
282
229
288
293
333
268
311
282
Rubber products
do
197
'221
195
217
'221
187
207
207
178
174
180
208
Textile-mill products
do
203
208
220
199
208
218
240
'251
184
199
193
186
Other nondurable goods industries
do
Inventories:
169
169
170
197
200
'204
167
190
165
181
186
173
Index total
do
181
182
184
'211
'215
174
206
'221
171
189
200
195
Durable goods industries
.
do __
222
210
223
263
'259
191
200
234
252
255
245
Automobiles and equipment
do
258
r
122
120
134
120
120
'137
137
124
139
118
131
128
Iron and steel and their products
do
241
236
226
245
268
276
284
'293
223
251
256
261
Machinery, including electrical!
do
145
145
135
139
149
163
167
'167
165
152
157
161
Nonferrous metals and products*
do
615
593
579
587
615
642
708
'739
'781
817
626
684
Transportation equipment (exc. autos)
do
124
119
123
132
120
125
141
145
147
153
128
136
Other durable goods industries!
do
' Revised, p Preliminary.
*New series. Data beginning 1939 for the new series under industrial production are shown on pp. 18 and 19 of the December 1943 Survey. For 1938-45 data for the index of inventories for nonferrous metals and their products, see p. 22 of the August 1946 Survey.
! Revised series. For revisions for the indicated unadjusted indexes and all seasonally adjusted indexes shown above for the industrial production series, see pp. 18-20 of the December 1943 Survey. Seasonal adjustment factors for a number of industries included in the industrial production series shown in the Survey were fixed at 100 beginning various
months from January 1939 to July 1942; data for these industries are shown only in the unadjusted series as the "adjusted" indexes are the same as the unadjusted. Data for 1939-44
for the revised indexes of new orders and shipments, except combined indexes for machinery, are shown on p. 23 of the July 1946 Survey, and combined indexes for machinery for
these series and for inventories for 1938-45 are on p. 22 of the August 1946 issue; revised figures through August 1945 for inventories of "other durable goods industries," superseding
http://fraser.stlouisfed.org/
figures in the August 1946 Survey, will be published later.
Federal Reserve Bank of St. Louis
March 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
January
S-3
1946
1947
January
February
March
April
May
June
August
September
169
170
180
171
120
195
164
182
173
171
183
178
124
198
168
186
176
174
184
181
129
204
171
189
18, 010
18, 466
July
October
Novem- December
ber
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS,
AND INVENTORIES (VALUE)-Continued
Inventories—Continued.
Index—Continued.
Nondurable goods
avg. month 1939=100
Chemicals and allied products
do
Food and kindred products
. do.._
Paper and allied products
do
Petroleum refining
_
do
Rubber products
do
Textile-mill products
._ ._ do
Other nondurable goods industries f
__do
Estimated value of manufacturers' inventorie >*
mil. of dol
159
165
170
157
111
174
136
180
161
167
167
161
112
180
141
182
16, 369
16, 590
NEW PLANT AND EQUIPMENT
EXPENDITURES*
All industries, total
Electric and gas utilities
Manufacturing and mining"
Railroad
Commercial and miscellaneous
159
166
161
163
114
186
148
177
159
167
157
162
114
199
153
174
158
165
153
160
116
196
157
174
16, 837
16, 934
158
166
150
164
118
192
156
176
16,829
17,175
18,886
180
1,210
2,210
100
720
230
1,530
2,810
130
920
280
1,810
3,320
160
1,070
187
185
199
'183
134
215
173
207
'174
'209
' 19, 533
' 19,928
r 20, 296
mil. of dol
do
do
do
do
r
190
••195
'200
'187
134
184
180
195
183
132
212
174
200
3,650
310
2,040
210
1,090
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSSINESS
TURN-OVER*
(U. S. Department of Commerce)
Operating businesses, total, end of quarter...the usands _
Contract construction
do
M anufacturing
do
Retail trade
do
Wholesale trade
do
Service industries
do
All other
do
New businesses quarterly
do
Discontinued businesses, quarterly
do
do
Business transfers, quarterly
' 3,494. 7
' 232. 2
r
287 8
'1,614.5
r
160 1
' 661. 2
'538 8
' 168. 7
'43.1
103.3
3, 369.1
214.1
276.5
1, 554.7
152 9
641.3
529 7
187 6
42.6
137.3
v 3,599.3
242.9
*> 296 7
PI, 670.4
v 166 2
v 677. 5
»545 7
p 149. 9
*45. 2
p 108. 3
INDUSTRIAL AND COMMERCIAL FAILURES
(Dun and Bradstreet)
Grand total
number
Commercial service
do
Construction
do
Manufacturing and mining
...do-.__
Retail trade
do
Wholesale trade _- _
do...
Liabilities, grand total
thous>. of dol__
Commercial service __
doConstruction
do
M anufacturing and mining
_.
do
Retail trade...
._
_
__ ___do___do
Wholesale trade
i
80
12
8
35
22
3
4,372
2,279
155
1,677
245
16
92
13
14
29
27
9
2,983
748
215
874
258
888
86
8
10
41
17
10
4,421
902
436
2,285
269
529
81
5
7
34
25
10
3,785
40
133
2,734
249
629
92
13
8
41
26
4
3,656
60
191
2,066
1,323
16
69
3
13
25
24
4
3,006
7
262
1,996
661
80
74
7
9
36
17
5
3,434
413
162
1,948
835
76
92
12
12
37
26
5
3,799
459
516
2,113
297
414
96
11
17
32
28
8
4,877
311
1,368
2,510
367
321
123
11
14
60
21
17
6,400
147
500
4,975
352
426
104
13
9
38
36
8
12, 511
3,202
136
8,492
392
289
141
14
18
58
35
16
17,105
801
266
7,217
1,025
7,796
5,521
4,191
4,774
4,843
4,634
4,388
3,946
3,550
3,399
3,771
3,068
3,561
BUSINESS INCORPORATIONS
New incorporations (4states)._
..number..
4,202
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
U. S. Department of Agriculture
249
209
212
211
244
264
273
218
206
207
243
263
260
Prices received, all farm productsf
1909-14 = 100..
232
236
244
230
207
215
215
240
236
220
223
213
233
Crops
do
224
207
218
220
223
179
180
185
185
198
200
215
203
Food grain
do
186
221
222
187
184
164
166
171
171
188
195
244
225
Feed grain and hay
do
396
399
399
368
368
369
369
388
375
367
410
406
370
Tobacco
do
242
285
304
236
240
180
186
183
190
194
210
249
271
C otton
do
208
186
196
225
229
244
248
261
249
203
233
210
211
Fruit
do-.154
151
249
282
162
238
177
185
163
207
275
283
166
Truck crops
do
236
255
342
336
213
212
208
210
214
219
242
242
334
Oil-bearing crops
do
299
294
204
202
281
205
207
247
263
250
203
213
294
Livestock and products
do
249
318
313
306
206
214
219
225
226
230
268
294
311
Meat animals
do
221
292
202
199
198
245
300
307
201
207
257
203
312
Dairy products
do
221
257
168
178
197
167
166
173
196
199
230
226
201
Poultry and eggs
do
Prices paid:*
192
209
184
214
218
224
225
185
187
188
196
227
210
All commodities
1910-14=100
221
242
191
192
214
239
239
217
231
195
197
109
201
Commodities used in living
do
202
207
202
204
204
178
185
200
207
175
176
177
190
Commodities used in production
do
213
212
215
179
181
185
188
199
204
200
207
177
180
All commodities, interest and taxes
do
124
122
122
132
124
121
116
116
116
117
114
116
123
Parity ratio*
do
r
Revised. * Preliminary.
* New series. For estimated value of manufacturers' inventories for 1938-42, see p. 7 of the June 1942 Survey and p. S-2 of the May 1943 issue. For data prior to 1945 for the
series on operating businesses and business turnover, see pp. 21-23 of the May 1946 Survey and p. 10 of the May 1944 issue. The series on new plant and equipment expenditures are
compiled by the Securities and Exchange Commission and the 17. S. Department of Commerce and are estimates for all private industry, excluding agriculture, based on reports from a
sample including most of the corporations registered with the Commission and a large sample of unregistered manufacturing companies; data through the third quarter are reported
actual expenditures; fourth quarter figures are reported anticipated expenditures. The series on prices paid by farmers and the parity ratio are from the U. S. Department of Commerce; the latter is the ratio of prices received by farmers to prices paid, interest and taxes.
t Revised series. Revised figures for 1938-August 1945 for inventories of "other nondurable goods industries" will be shown later. The indexes of prices received by farmers
are shown on a revised basis beginning in the March 1944 Survey; data back to 1913 will be published later; data for February 15, 1947, are as follows: Total 262; crops, 245; food grain,
235; feed grain and hay, 185; tobacco, 390; cotton, 246; fruit, 203; truck crops, 275; oil-bearing crops, 334; livestock and products, 278; meat animals, 319; dairy, 270; poultry and eggs, 192.
S-4
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
January
March 1947
1946
1947
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
COMMODITY PRICES—Continued
RETAIL PRICES
Consumers' price index:§
National Industrial Conference Board:%
Combined index
1923=100
Clothing
.
do
Food
do
Fuel and light
do
Housing
. do _ _
Sundries
do
U . S . Department of Labor:
Combined index
1935-39=100Clothing
do
Food
-- . . do
Cereals and bakery products*
do
Dairy products*
. . do
Fruits and vegetables*
do
Meats* •
do
Fuel, electricity, and ice
. do ._
Gas and electricity*
do
Other fuels and ice*
do
Housefurnishings
_.do
Rent f
do
Miscellaneous
do
U.S. Department of Commerce:
All commodities index*
1935-39=100
U.S. Department of Labor indexes:
Anthracite
1923-25=100
Bituminous coal
- do
Fair child's index:
Combined index
Dec. 31, 1930=100.
Apparel:
Infants'
do
Men's
-. do
"Women's
do
Home furnishings
do
Piece goods
do
106.7
94.8
113 8
97.4
91.0
115.9
108 2
96.4
116 2
97.4
91.0
117.3
131.1
154.5
141.7
113.3
137.4
185.9
132.8
110.4
92.6
127.8
152.0
131.7
155.7
142.6
115.2
138.6
185.7
133.5
110.3
92.2
127.8
153.7
125.6
130.2
153.1
140.1
110.3
137,0
183.4
131.3
110.5
92.9
127.7
150.2
108 4
125.9
126.7
142.9
143.7
144.8
108 2
108.6
108 6
108.6
108 6
108.6
122.1
113.5
113.5
118 4
117.7
119.5
127.9
117.5
108.0
105.3
113.8
115.7
111.8
108.1
105.3
113.7
115.7
111.8
153.1
178.3
183.8
143.4
190.1
187.9
199.0
117.3
91.9
142.0
178.5
108.8
136.6
129.9
149.7
141.0
109.4
136.4
180.8
131.4
110.8
93.8
127.3
148.8
129.6
150.5
139.6
109.8
136.6
181.1
131.3
111.0
93.8
127.8
149.7
125.4
172 7
143.1
114 6
99.7
131 3
100.5
91.0
119 9
141.2
158 7
165.7
126.1
179.1
188.4
173. 7
113.3
92.1
133.8
157.9
127.2
133.3
157.2
145.6
122.1
147.8
183.5
134.0
110.5
92.1
128.4
156.1
108 5
127.9
145.7
147.7
108.5
108.6
108.7
109.0
108 8
111.0
113.6
113.7
114.5
114.7
108 2
105.3
113.7
115.9
112.0
108.1
105.7
113.7
116.2
112.2
108.1
106.2
114.7
117.0
113.1
108.1
106.2
115.0
117.2
113.3
r
122.9
148.8
91.0
145.9
165 9
174.1
137.3
186.6
176.4
188.5
114.4
91.7
136.5
165.6
108.8
129.9
148.6
168 1
180.0
138.5
202.4
176.5
190 7
114.4
91.6
136.6
168.5
128.2
144.1
161 2
171.2
135.4
180.1
178.3
186 6
113.7
91.8
135.0
160.0
108.7
129.8
156.3
159.8
164.3
118 0
114.4
»• 119 8
116.2
115.1
116.0
116.7
117.8
119.0
120.7
108.2
106.6
115.7
117.4
113.3
109.1
108.0
116.6
118.7
113.5
110 3
109.1
117.5
119 8
113.9
110 4
110.0
118.2
121 3
114.3
111 3
111.5
118.3
124 3
116.1
117 2
114.8
118.5
126.4
118.2
117 9
114.3
r
r
152.2
171 0
187.7
140.6
198.5
184.5
203 6
114.8
91.8
137.2
171.0
153.3
176 5
185.9
141.6
200.9
185.0
197.8
115.5
92.0
138.3
177.
131.0
132 5
136.1
167 2
171 5
119 6
116.4
r
119 6
116.5
172.7
r
119 6
117.6
WHOLESALE PRICES
U . S . Department of Labor indexes:
140. c
141.5
108.9
110.2
112.9
124.7
107.1
107.7
111.0
129.1
124.0
134.1
139.7
Combined index (889 series) d* 1926= 100_ Economic classes:
105.5
106.1
107.3
118.9
117.2
102.9
103.4
104.5
123.9
129.6
135.7
136.7
134.7
Manufactured productscf
do
152.1
118.3
122.2
126.3
141.7
141.4
118.9
120.5
123.6
145.7
148.7
153.4
153.2
Raw materials
do
97.6
100.4
101.1
101.9
105.7
110.2
111.9
115.0
129.1
136.2
138.8
98 8
118 2
Semimanufactured articles
do
133.4
135.4
137.5
161.0
129.9
157.0
154.3
165.3
165. 0
130.8
140.1
168.1
169.8
Farm products
do
181.4
174.2
162.6
133.8
133.9
136.7
137.0
148.1
151.8
169.0
170.6
165.4
163. C
Grains
.
do
189.6
131.5
132.7
133.5
135.1
134.9
137.4
162.9
177.6
150.4
174.6
197.4
194.7
Livestock and poultry
do
104.5
105.1
101.9
103.4
106.7
117.5
121.9
117.2
136.1
102.5
132.9
134.8
127.1
Commodities other than farm productsd"
do
107.3
109.4
111.5
112.9
140.2
131.9
157.9
165.4
160.1
156. 2
107.8
110.8
149.0
Foods
do
139. I
139.9
95.8
96.1
96.2
99.4
100.3
101.7
124.9
124.7
127.4
128.5
136.1
Cereal products
do __
116.1
116.3
117.0
127.3
156.9
182.9
164.6
115.0
161.8
169.1
185. 5
180. C
115.8
Dairy products
do
134. f
131 6
125 7
127 5
133.1
138.2
140.6
136.1
130.0
120.4
115.5
122 5
139.5
Fruits and vegetables
do
183.4
110.3
110.5
191.4
109.6
169.9
131.3
188.2
108.1
110.1
198.1
202.8
Meats
- - do..
108.1
Commodities other than farm products and foodsrcT
109.5
112.2
120.7
102.2
103.3
103.9
105.6
115.8
124.7
127.6
101.3
111.6
100.8
1926=100
126.5
132.1
145.5
120.9
127.8
129.9
132.7
133.8
157.8
120.0
124.9
134.8
169.7
Building materials
do
130. C
132.2
116.9
117.4
119.9
120.5
121.3
122.5
126.0
127.7
127.8
129.1
116.9
Brick and tile
- do __
106.S
108.3
101.1
101.5
102.3
102.4
102.6
102.6
104.0
105.8
106.5
106.5
107.0
Cement
do . .
158.5
171.4
172.5
177.3
178.2
192.1
227.2
167. 6
177.6
178.9
249.9
176.0
160.1
Lumber
. . do. _
151.3
154.4
108.2
113.9
119.2
108.0
108.6
114.9
116.7
171.2
107.8
107.8
107.8
Paint and paint materials
do...
96.5
98.4
118.9
96.1
99.3
98.4
99.9
125.7
128.1
96.0
96.4
96.0
95.9
Chemicals and allied products!
do. _
97.9
98.4
97.1
98.5
98.6
106.9
112.7
97.0
98.8
111.8
97.1
97.0
98.0
Chemicals
do
181.2
112.4
112.4
109.4
110.3
111.5
112.6
110.1
181.7
112.1
111.5
111.7
152.8
Drugs and pharmaceuticalsf
do
96.3
95.1
81.9
94.4
91.9
81.9
90.2
99.9
81.9
81.9
81.9
Fertilizer materials
do
82.7
88.2
203. C
210.6
101.7
102.1
102.1
102.1
102.1
114.2
102.5
103.3
111.1
191.0
101.8
Oils and fats
do. _
94.5
90.3
94.4
94.3
91.2
96.1
86.1
86.1
84.9
85.1
85.0
87.8
97.7
Fuel and lighting materials
. do __
65.2
64.1
b6. 6
67.0
67.2
65.6
63.9
64.7
69.2
68 3
71.3
Electricity
- -do
83.1
Gas
-.-do___
77.4
79.1
79.6
79.7
80.2
79. b
80.7
79.5
80.6
80.8
84.4
75.8
76.5
61.5
61.2
62.8
63.5
64.0
65.1
72.8
73.0
73.1
73.4
61.6
Petroleum products
do
142.4
120.4
141.2
141.6
172.5
176.7
122.4
138.9
175.1
119.4
119.8
119.6
119.8
Hides and leather products
.
. . do
169.3
216.1
120.7
121.5
151.5
153.0
221.0
198.5
117.6
117.6
155.8
117.6
117.6
Hides and skins
do
185. C
104.0
133.2
133.3
138. 5
138.5
178.1
104.0
110.7
181.6
103.8
103.9
104.0
Leather
. . do
169. S
170.6
127.9
128.2
128.6
128.6
128.9
129.5
140.4
140.1
144.8
145.2
162.9
Shoes
do
120.2
115.3
118.2
107.5
108.3
111.9
112.6
123.3
106.2
106.9
110.4
113.6
106.5
Housefurnish ing goods
.
-. do __
121.3
126. [
113.4
117.3
119.4
124.4
110.9
112.1
118.5
128.4
114.5
109.7
101.1
Furnishings
_
do
113. c
118.2
102.8
102.9
102.9
102.9
102.9
106.1
106.4
106.6
107.5
109.2
111.8
Furniture
do
130.2
134.1
109.4
113.3
114.2
108.4
112.2
114.0
125.8
138.0
105.7
108.8
106.6
Metals and metal productscf
..do __
113.3
113.7
117.4
107.4
111.3
113.5
114.0
107.8
110.1
123.9
101.2
103.3
107.0
Iron and steel
do
129. [
130.5
85.7
85.7
86.1
87.1
89.0
99.2
102.7
101.4
101.4
101.8
118.4
Metals nonferrous
do
107.2
107.2
106.3
307.2
95.1
100.8
106.0
95.1
100.8
106.0
117.0
95.0
Plumbing and heating equipment
do
134.'
128.6
131.6
124.0
125.7
102.2
107.9
108.8
109.2
118.1
136.6
101.6
104.7
Textile products
..do __
125.5
127.9
117.4
120.3
122.8
122.9
129.8
132.4
107.4
109.4
119.6
120. 5
109.5
Clothing
...do
181.6
184.6
125.6
132.9
137.6
138.6
139.4
148.6
160.0
166.6
172.9
174.7
125.8
Cotton goods .
_
do
96. c
99.3
75.2
75.3
75.5
75.5
75.7
75.8
76.3
87.7
88.7
88.8
89.3
Hosiery and underwear
do
33.8
30.2
30.2
30.2
30.2
30.2
30.2
••32.0
30.2
30.2
30.2
30.2
Rayon
do
33.8
103.2
101.2
126.7
134.8
126.5
125.7
115.0
Silk
. _
-do
0)
0)
0)
0)
0)
119. C
120.8
112.7
112.7
112.7
U2.7
112.7
112.7
112.7
112.8
113.9
116.6
117.7
Woolen and worsted goods
__do___
108. c
110.3
95.3
95.6
95.6
95.7
97.0
98.5
101.3
102.0
102.1
104.0
106.5
Miscellaneous
do
73. C
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
73.0
Automobile tires and tubes
. do
136.4
124.6
127.7
115.3
117.1
119.6
121.9
113.9
115.6
141.9
113.7
113.7
112.0
Paper and pulp
_.
do
Wholesale prices, actual. (See respective commodities.)
l
' Revised.
Not available.
§Formerly designated "cost of living index."
JFor revised 1943 data see p. 20, of April 1946 Survey.
cf Current prices of motor vehicles were introduced into the calculation beginning Octover 1946; April 1942 prices were carried forward in earlier computations (see explanation in
January 1947 Survey); if April 1942 prices had been used in October 1946-January 1947 calculations, indexes would have been as follows: All commodities, 132.5, 137.9, 139.0, 139.5;
manufactured products, 127.0,131.7, 132.5, 133.5; commodities other than farm products, 125.1, 130.7, 132.4, 133.7; commodities other than farm products and foods, 113.2, 117.8, 121.6,
124.4; metals and metal products, 114.3, 117.0, 120.5,123.7.
• In May, June, September and October, it was impossible to obtain adequate samples for some meats in a number of cities; in such cases, the latest available prices were carried
forward in the index; July index reflects full price change from mid-April and November index, full price change from mid-August.
^Rents are surveyed semiannually for most cities in index, usually in March and September or June and December; see note in February 1947 Survey.
*New series. For a description of the Department of Commerce index of retail prices of all commodities, see p. 28 of the August 1943 Survey; and for revised figures for 1929,1933,
and 1935-44, p. 31 of February 1946 Survey. Data for 1923-45 for the, indexes of retail prices of the food sub-groups are shown on p. 16 of the November 1946 Survey. Data beginning
1935 for the indexes of retail prices of "gas and electricity" and "other fuels and ice" will be published later.
http://fraser.stlouisfed.org/
tRevised series. For revised data for 1941-43 for the indicated series on wholesale prices, see p. 23 of the November 1945 Survey.
Federal Reserve Bank of St. Louis
March 1947
SUKVEY OF CUKKENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
January
1947
S-5
1946
January
February
March
April
May
June
August
September
8
9
3
6
62.3
69.6
58.3
42.8
64.8
68.5
57.3
43.8
July
October
Novem- December
ber
COMMODITY PRICES—Continued
PURCHASING POWER OF THE DOLLAR
As measured b y Wholesale prices
Consumers' prices
Retail food prices
Prices received by farmers!
1935-39=100.
do__.
do__.
do__.
56
65
54.
41.
9
3
3
0
75.1
77.0
70.8
51.6
74.7
77.2
71.5
51.4
73.
76.
71.
50.
8
8
3
9
73.0
76.3
70.5
50.2
72.5
75.9
70.0
50.4
71.3
75.0
68.6
48.9
64.
70
60.
43.
60
67
55
39
0
4
5
0
6
9
2
4
57.1
65.2
53.7
40.3
'985
'730
320
'688
r
297
'296
' 166
10
85
'201
'51
' 16
'23
'5
'66
'45
'125
'122
' 154
'143
57.
65.
53.
40.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction, total
mil. of dol_.
Private, total
do
Residential (nonfarm)
do
Nonresidential building, except farm and public
utility, total
mil. of doL.
Industrial
do
Farm construction
do
Public utility
do.__.
Public construction, total
do
Residential
do.._.
Military and naval
do
Nonresidential building, total
do
Industrial
do
Highway
do
All other
do
801
633
273
'474
'385
136
510
430
159
'602
'500
195
'711
'587
244
'823
'670
'914
'732
317
'998
'772
329
'1,067
'807
345
'1,064
'784
340
275
159
10
75
168
40
13
22
5
50
44
189
100
212
108
8
51
80
5
13
21
7
19
22
231
113
14
'60
102
9
13
23
7
28
29
'257
119
20
'66
124
11
15
22
6
42
34
'282
'128
30
'70
153
20
14
23
6
57
39
'304
138
40
'71
182
23
14
26
6
73
46
'317
149
50
76
226
31
14
30
6
94
57
'321
'159
60
'81
260
41
18
32
7
105
'315
'167
50
'79
280
53
16
35
9
108
'318
'171
40
'83
'298
'66
115
65
'308
171
20
'82
'255
'68
'17
'27
'7
88
55
117
85
136
95
148
135
147
129
194
201
170
172
203
211
169
179
201
195
174
177
179
162
165
161
164
155
158
157
152
147
151
147
138
136
145
140
125
118
139
122
15,332 16,772
357,501 387,399
46, 715 56,449
310,786 330,950
42,573
697,593
146,404
551,189
52,733
734,911
127,016
607,895
63,188
952,418
196,832
755,586
38,265
807,914
214,534
593,380
36,523
717,991
201,645
516,346
40,101
679,909
204,817
475,092
36,702
619,857
186,882
432,975
33,342
573,206
133,806
439,400
27,149
25, 536
503, 745 457,278
130,329 108,920
373,416 348,358
4,648
3,096
4,700
25, 700 36, 335 37,839
200,312 217,587 220,598
7,416
50,631
278,725
4,769
4,878
41, 676 45,285
236,182 290,963
4,357
41,370
273,207
3,582
42,457
283,635
4,108
33,080
211,530
3,648
25,929
169,127
3,696
33,932
225,355
3,609
2,857
23, 708 19,656
160,871 148,014
11,469
10,071
18,423
18,572
89, 715 102,079
34,066
49,198
275,241
46,652 56,264 31,574
65, 530 74, 992 51,533
370, 590 463,600 332,248
31,112
45,327
281,227
33,727
45,145
284,025
31,458
47,121
293,831
28,128
36,910
235,068
22,251
33,530
221,113
21,704
29,975
193,365
'771
330
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
1923-25=100..
Residential, unadjusted,__
do
Total, adjusted
do
Residential, adjusted
do
Contract awards, 37 States (F. W. Dodge Corp.):
Total projects
number..
Total valuation
thous. of doL.
Public ownership
do
Private ownership
do
Nonresidential buildings:
Projects
number..
Floor area
thous. of sq.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 dpi._
Indexes of building construction, based on building
permits (U. S. Dept. of Labor): f
Number of new dwelling units provided-1935-39=100..
Permit valuation:
Total building construction
do
New residential buildings
do
New nonresidential buildings
do
Additions, alterations, and repairs
do
Estimated number of new dwelling units in nonfarm
areas (U. S. Dept. of Labor):
Total nonfarm*
number..
Urban, total f
do
Privately financed, total
do
1-family dwellings
do
2-family dwellings
do
Multifamily dwellings
do
Publicly financed, total
do
Engineering construction:
Contract awards (E. N. R.)§
thous. of dol..
P120
P148
J>144
27,619
571,628
166,672
404,956
23, 593
39,279
257,419
87
50
107
61
681
80,721
366
26,841
415
37,687
815
120,230
1,039
95,964
1,684
156,626
1,950
154,009
1,537
121,149
2,008
153,456
1,557
107,941
1,271
75,535
1,018
82, 626
746
62,652
249
33,176
195
23,358
240
27,035
276
23,397
273
32,175
362
41,229
384
48, 450
292
31,980
258
30,898
239
48,458
247
37,248
271
39,135
229
53,247
141.9
' 181. 9
' 193.1
' 322. 9
' 310. 6
278.0
252.8
283.7
317.6
248.5
215.7
165.3
r
149.3
195.9
103.3
163.4
' 183. 1
' 207. 5
' 159. 0
' 190. 5
' 213. 7
' 234. 6
' 191.1
' 225. 5
' 426. 0 ' 240. 5
' 413. 5 ' 363.4
' 444. 6 140.7
' 406.8 ' 222. 9
212.2
331.3
116.6
'191.9
210.4
303.4
136.7
192.4
218.7
321.2
135.8
203.1
235.4
378.7
119.4
213.9
194.6
288.0
115.9
188.4
191.4
286.2
108.4
192.9
153.2
222.5
99.2
137.3
r
r
41, 000
25, 301
24, 217
20, 497
1,458
2,262
1,084
44,800
31,607
25, 918
21, 786
1,309
2,823
5,689
49, 700
34, 370
28, 503
24, 072
1,792
2,639
5,867
84, 700
56, 503
50, 066
41, 785
2,683
5,598
6,437
85, 300
60,167
43, 583
35, 824
3,267
4,492
16, 584
76,100
51, 270
36, 660
31, 372
2,144
3,144
14, 610
78, 300
52,131
36, 830
31,071
1,902
3,857
15,301
81, 800
55, 081
38,660
32, 921
1,943
3,796
16, 421
65,800
43, 087
35, 044
29, 335
2,050
3,659
8,043
60, 200
37, 401
36, 067
29, 576
1,899
4,592
1,334
46, 600
28, 661
28, 539
23, 747
1,594
3,198
122
83, 700
55, 603
44,996
39,000
2,571
3,425
10, 607
430, 970 348, 277 248, 025 383, 981 536,190
560, 244 555, 469 536, 594 541, 325 373,056
123. 2
129. 4
162. 0
97.0
' 140. 0
35, 200
21, 348
21, 348
17, 458
971
2,919
0
448, 457 275, 825 352, 855
HIGHWAY CONSTRUCTION
Concrete pavement contract awards: t
Total
thous. of sq. yd..
Airports
do
Roads
do
Streets and alleys
do
1,343
26
606
711
1,641
209
946
486
1,819
43
1,475
301
2,906
70
2,211
626
4,283
416
' 2, 889
978
5,152
99
3,355
1,698
4,585
747
2,735
1,103
3,345
385
1,687
1,274
3,731
66
2,055
1,609
3,382
490
1,678
1,214
3,182
104
1,957
1,121
3,239
138
1,970
1,130
2,306
55
1,661
590
CONSTRUCTION COST INDEXES
270
287
300
Aberthaw (industrial building).
.1914=100.
258
American Appraisal Co.:
352
342
371
326
347
317
335
Average, 30 cities
_
1913=100.
294
381
283
286
303
310
377
367
399
346
360
372
314
337
325
332
Atlanta
do...
410
293
303
356
341
347
375
298
332
353
313
318
324
New York
do...
390
280
281
313
323
273
317
343
279
283
308
320
294
San Francisco
do__.
353
249
261
323
344
296
300
332
367
316
337
309
St. Louis
do__375
278
280
' Revised. » Preliminary. § Data for January, May, August, and October 1946 and January 1947 are for 5 weeks; other months, 4 weeks.
t Based on weekly data combined into 4- and 5-week periods except that a week falling in December and January is prorated; see note in February 1947 Survey.
* New series. Estimates of total nonfarm dwelling units for 1910-44 are shown on p. 15 of the November 1946 Survey. The data on new construction activity since the beginning
of 1944 are joint estimates of the U. S. Departments of Commerce and Labor; there have been revisions in the data for several components as published prior to the July 1946 Survey;
monthly data for January 1939-April 1945 and annual estimates for 1915-38 are available upon request.
t The index of purchasing power of the dollar based on prices received by farmers has been shown on a revised basis beginning in the April 1944 Survey. Revisions for the indexes
of building construction for January 1940-December 1945 are available on request. Data for 1920-44 for the number of new dwelling units are shown on p. 15 of the November 1946
Survey. (See note in February 1947 Survey with regard to January and February 1945 figures.) Since early 1945 data for new dwelling units and the indexes of building construction
above should be considered volume of construction for which permits were issued or contracts awarded rather than volume started, as in normal years, since shortages of building
Digitized
for and
FRASER
materials
limiting orders have caused considerable delays in the start of construction or, in some cases, abandonment of the work.
S-6
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
January
1947
March 1947
1946
February
January
March I April
May
June
July
August
September
October
Novem- December
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES—Continued
Associated General Contractors (all types)-_ 1913=100..
E. H. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
_U. S. average, 1926-29= 100..
New York
do
San Francisco
do
St. Louis
do
Commercial and factory buildings:
Brick and concrete:
Atlanta
do
New York
.
_do
San Francisco
_
do
St. Louis
do
Brick and steel:
Atlanta...
do
New York
_do
San Francisco
do
St. Louis
do
Residences:
Brick:
Atlanta
do
New York
_
_do
San Francisco
do
St. Louis
...do
Frame:
Atlanta.
__
.do
New York
__do
San Francisco
do
St. Louis
do
Engineering News Record:
Building cost*
1913=100..
Construction (all types)
_
..do
Federal Home Loan Bank Administration:
Standard 6-room frame house :f
Combined index
1935-39=100.
Materials
.do...
Labor
_
.do...
241.0
245.0
247.0
247.0
249.0
252.0
258.0
263.0
267.0
267.0
270.0
130.4
169.8
149.2
150. 8
133.6
172.1
151.8
151.1
131.3
172.9
153.8
152.7
133.2
177.4
155.7
154.3
133.5
177.9
156.2
159.9
138.6
178.6
158.7
161.9
141.2
180.0
160.6
164.0
142.6
181.5
164.0
164.9
143.0
181.9
164.3
165.3
144.0
182.3
164.8
165.8
144.9
183.4
165.9
167.2
128.9
170.4
151.1
152.6
129.3
172.9
151.8
152.8
129.5
173.5
154.6
155.0
131.0
179.3
156.5
155.8
131.2
179.7
156.9
163.8
137.0
180.3
158.7
164.8
141.3
181.5
159.3
166.2
144.4
184.5
167.0
166.7
144.7
184.8
167.2
167.0
146.0
185.1
167.6
167.2
146.6
185.9
168.4
168.3
128.9
167.0
150.3
149.5
129.3
169.0
152.3
149.9
130.1
169.6
154.5
152.1
131.3
174.7
156.2
153.1
131.5
175.1
156.6
159.5
135.5
175.6
160.1
160.8
137.5
177. 3
161.5
162.9
141.8
179.5
168.0
164.3
142.2
179.9
168.2
164.7
142.7
180.3
168.6
164.9
143.9
182.3
169.8
166.5
140.8
173.1
150.6
157.7
141.2
174.9
154.0
158.8
141.2
175.5
155. 3
159.5
144.7
180.3
157.6
162.2
144.9
180.7
158.0
165.8
148.6
181.3
159.0
167.8
152.4
185.6
163.5
172.5
154.5
187.1
165.8
173.7
155.6
188.0
166.0
174.6
156.2
188.9
166.4
174.9
159.2
192.6
169.6
178.9
142.6
173.7
147.7
158.3
143.0
175.6
153.0
159.5
143.0
176.2
153.7
159.8
147.2
180.6
156.1
163.0
147.4
181.0
156.5
165.0
150.2
181.6
157. 5
167.7
153.3
186.0
164.0
172.7
155.4
187.4
162.9
174.0
156.5
188.5
163.1
175.1
157.0
189.7
163. 5
175.4
160.8
194.4
166.8
179.8
297.4
390.8
243.9
319.5
245.4
323.8
254.4
334.6
257.3
339.7
264.2
347.9
266.1
353.9
272.0
361.4
272.0
360.2
272.7
360.9
273.7
362.5
278.5
368.1
168.0
168.5
166.8
139.7
135.5
147.9
140.3
136.3
148.5
141.0
137.1
148.9
142.1
138.0
150.6
143.6
139.2
152.5
145.7
141.6
153.8
147.7
143.7
155.6
149.8
146.1
157.2
151.9
148.3
159.3
154.2
150.5
161.6
156.9
153.8
163.1
6,569
6,603
6,639
6,679
6,721
6,759
6,789
6,818
6,855
6,885
618, 763 765, 973 887, 266 964,438
917,414
981,187
999, 221 928, 878 1,006,681 869, 489
342, 999 361, 298 325,997
326,048
324, 459 309, 791 326,199 ••271, 476
277.0
REAL ESTATE
Fed. Hous. Admn., home mortgage insurance:
Premium-paying mortgages (cumulative) mil. of dol_.
Estimated total nonfarm mortgages recorded ($20,000
and under)*
_
-thous. of dol__ 847,043
Estimated new mortgage loans by all savings and loan
associations, total
-thous. of doL.
Classified according to purpose:
Mortgage loans on homes:
Construction
__
do
Home purchase._
do
Refinancing.
do
Repairs and reconditioning
do
Loans for all other purposes
do
Loans outstanding of agencies under the Federal Home
Loan Bank Administration:
Federal Savings and Loan Associations, estimated
mortgages outstanding %
...mil. of doL.
Federal Home Loan Banks, outstanding advances to
member institutions
mil. of doL _
Home Owners' Loan Corporation, balance of loans
outstanding
mil. of dol
Foreclosures, nonfarm, index, adjustedf-1935-39= 100
Fire losses
thous. of doL_ 57,180
6,538
634,117
216, 842 225, 519 300,163
30, 807 30, 866 45, 391 53, 202 62,189 56, 297 59, 708 59,377
55,354 60,931
51,187
145,342 154, 219 202, 995 235,877 243,458 218, 575 216, 369 211, 804 198, 842 207,139 170,162
21, 372 19, 801 24, 244 24,882 24, 451 22, 402 21,388 22,032 21, 546 24, 376 21,625
6,198
6,796
6,625
3,803
4,217
8,027
9,961
6,954
7,327
8,481
7,034
21,335
22, 242 24,246 22,098 21, 256 22,765
15, 518 16,416
26,022 24,692 21,468
2,887
2,572
165
831
813
7.8
51, 759
3,152
153
156
173
203
202
794
8.3
53, 252
773
7.5
52,153
753
7.1
46, 094
735
6.7
44, 240
715
6.3
40, 998
214
235
253
665
651
6.8
40, 019
682
7.0
40, 256
40,108
44, 706
258
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:f
Printers' Ink, combined index..
_.1935-39=100.151.9
152.6
151.6
154.2
157.7
156.8
177.1
171.9
163.5
167.2
184.5
Farm papers
do
161.5
159.6
156.2
157. 8
177.6
167.7
184.2
200.9
195.7
212.7
182.8
Magazines
do
173.1
172.5
179. 9
203.8
176.2
191.3
228.7
214.1
218.8
201.6
237.7
127.2
124.5
126.6
Newspapers...
do
127.2
125.9
145.9
139.5
122.8
134.4
138.1
153.0
167.2
189.8
182.0
Outdoor
do
222.6
193.9
199.9
217.7
212.3
233.3
216.7
213.8
273.8
294.1
297.2
279.8
313.2
307.0
317.1
Ratio
do
264.0
275.5
307.8
298.5
164.5
166.1
165.1
183.0
171.9
193.9
202.0
Tide, combined index*
do
189.1
195.6
207.6
175.0
Radio advertising:
Cost of facilities, total
thous. of dol. _
15, 758 17,273
16, 442 16,822 15,827
16,726
14, 414 14,011
16, 741 16, 338
15,133
Automobiles and accessories
do.
815
922
807
884
797
771
660
559
666
622
654
Clothing
do_
209
175
224
190
196
91
192
84
105
95
'80
316
325
363
323
Electrical household equipment
do_
351
254
301
327
268
332
266
321
376
Financial
do_
293
343
308
351
364
387
345
350
356
Foods, food beverages, confections
do.
4,482
3,682
4,042
4,423
3,637
4,512
4,396
4,609 '4,114
3,927
3,554
Gasoline and oil
do_
537
650
696
620
505
508
536
520
530
535
503
Housefurnishings, etc
do_
164
170
153
149
163
154
159
168
168
173
177
Soap, cleansers, etc
do_
1,462
1,509
1,540
1,378
1,449
1,314
1,575
1,375
1,490
1,551
1,332
Smoking materials
__
do_
1,342
1,328
1,270
1,268
1,337
1,219
1,407
1,373
1,211
1,316
1,267
Toilet goods, medical supplies
do_
5,374
5,145
5,660
4,920
4,907
4,714
5,004
5,306
5,123
5,315
4, 525
All other
do.
1,921
1,796
2,001
1,728
1,755
1,688
1,320
1,929
1,855
1,316
1,536
' Revised. JMinor revisions for January 1939-July 1942 are available on request.
•New series. For a description of the series on nonfarm mortgages recorded and data for January 1939 to September 1942 see p. S-5 of the November 1942 Survey. For a brief
description of the Tide index of advertising see note marked "*" on p. S-6 of the April 1946 Survey; data beginning 1936 are available on request. See note in the February 1947 Survey regarding the Engineering News Record index of building cost; data beginning 1913 will be shown later.
•(•Revised series. Revisions for the index of nonfarm foreclosures 1940-41 are shown on p. S-6 of the May 1943 Survey. Indexes of advertising from Printers' Ink have been published on a revised basis beginning in the April 1944 Survey; revised data beginning 1914 will be published later. The indexes of cost of the standard 6-room frame house are shown
on a revised basis beginning in the April 1946 Survey; revisions beginning November 1935 will be published later.
March 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 S u p p l e m e n t to the Survey
January
1947
S-7
1946
January
February
March
April
May
June
July
32,151
2,297
2,448
782
580
3,919
589
1,980
793
790
808
5,879
11, 285
3,757
25,106
2,034
1,215
549
564
3,298
557
1,138
481
406
546
4,608
9,710
3,870
August
September
October
Novem- December
ber
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Magazine advertising:
Cost, total
thous. of dol..
Automobiles and accessories
do
Clothing
__do
Electric household equipment
do
Financial
do
Foods, food beverages, confections
do
Gasoline and oil
do
Housefurnishings, etc
do
Soap, cleansers, etc
do
Office furnishing and supplies
___do
Smoking materials
do
Toilet goods, medical supplies
do
All other
do
Lineage, total
thous. of lines__
Newspaper advertising:
Lineage, total (52 cities)
_do
Classified
do....
Display, total
do
Automotive
do
Financial
do
General
.
_ _ _ _ _ do_
Retail
do___
3,952
21,472
1,547
1,650
469
488
3,120
233
935
371
326
836
3,520
7,976
4,139
26, 503
1,417
2,387
783
587
3,983
306
1,229
606
486
805
4,905
9,010
4,604
31,869
1,445
3,564
797
623
4,472
359
1,966
766
657
929
5,346
10, 943
4,910
115, 746
28, 648
87,098
2,855
2,741
18,916
62, 585
121,177
29, 677
91,499
2,092
2,076
21,057
66, 274
146, 539
36,097
110, 442
2,784
2,365
23,083
82, 210
32,138
1,771
3,343
855
583
3,895
599
2,423
655
618
755
5,171
11,469
4,271
36, 506
2,425
4,883
1,145
695
3,660
526
2,426
674
1,053
916
5,226
12,876
5,308
39, 463
2,503
4,831
1,161
629
4,394
715
2,772
779
896
1,095
6,172
13,515
5,420
42, 565
2,755
4,449
1,315
745
4,993
716
2,753
667
1,025
1,252
6,694
15,199
5,213
36,232
1,499
3,456
1,080
608
4,172
218
2,408
455
992
1,277
5,779
14,287
3,783
144,013 143,691 137, 718 131,280 144, 288 152,871
35,147 35,143 34, 502 35,983 38, 643 39,018
108,866 108, 548 103, 216 95, 296 105, 645 113,853
3,714
3,644
3,495
3,479
4,046
3,427
2,159
2,138
2,584
1,931
1,877
2,388
19,973 19,378 22,067
21,934 22,315 21,371
86,414
81,117 80, 595 75,993 69,095 80, 290
165,014
39, 628
125,386
4,480
2,197
27, 207
91, 502
164,120
36, 772
127,348
4,675
2,025
26,596
94,052
163,257
34,404
128,853
3,415
1,894
22,388
101,155
87.0
87.6
4,167
101,169
4,575
107,822
4,253
95,112
4,447
93,691
13, 217 13, 690 13,125 15, 649
181, 229 192,319 185, 779 219, 270
14,042
193,807
13,932
189,903
33, 767
1,522
3,732
893
646
4,407
533
2,105
703
695
870
5,654
12,007
4,775
27,134
2,186
2,936
638
478
2,907
638
1,180
476
554
604
4,208
10,328
4,704
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses §
percent of total-_
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities):
Number
_
Value
Domestic, paid (50 cities):
Number
Value
.thousands..
thous. of dol
89. (
87.5
87.1
85.9
4,729
106, 571
4,477
95,899
5,111
143,366
5,571
123,104
5,559
135, 593
5,518
120,882
thousands.. 14,086
thous. of dol__ 193,877
14,925
224,455
12,954
187,773
15, 473
233,141
15,094 14,154
208, 273 190,934
85.2
85.1
4,444
4,408
98, 557 101,857
13,343
175,987
4,330
101,735
CONSUMER EXPENDITURES
Estimated expenditures for goods and services:*
Total
mil. of dol—
Goods
do
Services (including gifts)
do
Indexes:
Unadjusted, total
__ 1935-39=100.
Goods
do
Services (including gifts)
do
Adjusted, total
do
Goods
do
Services (including gifts)
do
28,132
19,495
8,637
191.4
208.3
161.9
205.7
231.5
160.4
30,830
22,055
8,775
209.8
235.6
164.4
207.6
232.2
164.3
32,100
23,050
9,050
36,115
26, 790
9,325
218.4
246.2
169.
220.1
248.6
170.1
245.7
286.7
174.7
230.9
262.3
175.8
RETAIL TRADE
All retail stores :f
10, 282
8,911
8,556
8,199
7,736
7,671
7,926
Estimated sales, total
mil. of dol
7,707
7,473
6,695
6,430
7,870
2,054
1,921
1,854
1,722
1,554
1,770
1,608
1,611
1,267
Durable goods store
do..
1,628
1,430
1,108
1,060
742
682
753
730
551
609
691
377
577
454
Automotive group
do..
678
357
321
562
586
621
484
598
261
560
452
426
Motor vehicles
do_.
574
333
246
222
120
155
132
116
132
125
132
125
125
121
Parts and acessories
do__
105
111
98
545
535
475
602
540
541
571
540
516
525
Building materials and hardware
do__
381
480
401
349
295
381
306
330
362
325
336
312
322
Building materials...
do__
244
304
262
52
50
50
64
56
62
58
63
57
Farm implements
_do__
38
58
47
40
143
129
154
180
158
142
151
152
147
145
Hardware
do_.
100
129
99
410
334
532
471
468
418
392
386
377
362
392
284
Homefurnishings group
do__
273
281
248
357
317
317
285
275
259
286
268
210
Furniture and housefurnishings
do__.
256
196
129
86
175
154
151
118
132
105
111
95
137
73
Household appliance and radio
do__
77
86
82
245
96
116
84
99
91
101
89
77
74
Jewelry stores..
do__
77
8,229
6,990
7,232
6,060
6,476
6,318
6,786
6,277
6,181
6,206
6,242
5,370
Nondurable goods stores.
do._.
5,587
1,089
858
856
555
791
713
814
719
731
610
760
566
Apparel group
do__
576
316
222
237
195
131
173
193
166
144
164
186
125
Men's clothing and furnishings
do__
129
454
364
377
355
244
326
375
282
382
322
312
275
Women's apparel and accessories
do...
274
162
129
123
111
80
95
85
98
107
105
101
75
Family and other apparel
do_.
83
158
134
127
100
130
119
98
116
139
127
132
90
Shoes
do._.
90
395
298
300
293
287
299
297
284
283
300
296
262
Drugstores
do...
274
1,015
1,072
1,011
1,024
1,054
1,018
964
967
988
1,073
1,009
880
Eating and drinking places.
do
951
2,380
2,161
2,324
2,019
2,004
1,978
2,225
1,915
1,880
2,287
1,927
1,713
Food group
do___
1,823
1,831
1,628
1,792
1,502
1,492
1,512
1,715
1,456
1,408
1,748
1,452
1,297
Grocery and combination
do
1,375
548
532
532
502
510
507
486
472
459
538
475
416
Other food
do
448
332
332
343
312
325
320
312
297
300
340
310
270
Filling stations
do...
296
1,930
996
1,488
1, 357
1,203
1,154
1,022
1,193
1,207
1,136
1,118
899
General merchandise group
do
874
646
1,277
1,016
910
809
762
640
791
788
754
748
588
Department, including mail order
do__.
566
General, including general merchandise with
173
154
155
139
134
140
141
348
110
128
140
111
130
food
mil. of dol.
199
146
142
124
120
112
119
126
110
119
92
90
103
Other general mdse. and dry goods
do
151
171
281
131
134
131
132
146
125
144
104
116
110
Variety
__do___
*• Eevised. § See note marked " § " on p. S-6 of the April 1943 Survey in regard to enlargement of the reporting sample in August 1942.
*New series. The series on consumer expenditures, originally published on a monthly basis in the October 1942 Survey (pp. 8-14), are now compiled quarterly only (data are
quarterly totals) and have been adjusted to accord with the annual totals shown as a component of the gross national product series; for dollar figures for 1939-40 see p. 13, table 10,
of the April 1944 Survey and for 1941-44, p. 8, table 6, of February 1946 issue; data in the latter table and those above are on a revised basis; they differ from figures published in the
January 1946 Survey and earlier issues owing to the inclusion of expenditures of military personnel abroad in the total and services (dollar figures for this item are given in the footnote to the table on p. 8 of the February 1946 Survey); indexes beginning 1939, both including and excluding expenditures of military personnel abroad, are available on request.
fRevised series. For revised data (dollar figures and indexes) on sales of retail stores for January 1943 to June 1944, and earlier revisions for a number of series, see table on pp.
19 and 20 of the September 1945 Survey (corrections for p. 19: March 1944 indexes—building materials and hardware stores, 143.6; jewelry stores, 460.7; June 1944 index for apparel
stores, 201.0; 1940 dollar figures, all retail stores—January 3, 198; February 3, 108); except as given in this table or indicated in footnote 1 thereto, data for 1929, 1933, and 1935-42 are
correct as published on pp. 7 and 11-14 of the November 1943 Survey. Revisions for January-April 1945 are shown on p. 24 of the August 1946 Survey and data for later months of
1945 are on pp. S-7 and i5-8 of the July 1946 issue.
SUEVEY OF CUKRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March 1947
1946
1947
January
January
February
March
April
May
July
June
August
September
October
Novem- Decem
ber
ber
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail storesf—Continued.
Estimated sales—Continued.
Nondurable goods store—Continued.
Other retail stores
mil. of dol.__
Feed and farm supply
do
Fuel and ice
do
Liquors
do
Other
do
Indexes of sales:
Unadjusted, combined index
1935-39=100..
Durable goods stores
do
Nondurable goods stores
do
Adjusted, combined index
do
Index eliminating price changes
do
Durable goods stores
do
Automotive
do
Building materials and hardware
do
Homefnrnishings
do.
Jewelry
do.
Nondurable goods stores
do
Apparel
do.
Drug
do.
Eating and drinking places
do
Food
do
Filling stations
do
General merchandise
do
Other retail stores
do
Estimated inventories, total*
mil. of dol..
Durable goods stores*
do
Nondurable goods stores*
do
Chain stores and mail-order houses:
Sales, estimated, total*
do
Apparel group*
do
Men's wear*
do
Women's wear*
do
Shoes*
do
Automotive parts and accessories*
do
Building materials*
do
Drug*
do
Eating and drinking*
do
Furniture and housefurnishings*
do
General merchandise group*
do
Department, dry goods, and general merchandise*
mil. of doL.
Mail-order (catalog sales)*
do.
Variety*
do
Grocery and combination*
do
Indexes of sales:
Unadjusted, combined index*
1935-39=100-Adjusted, combined index*
do_
Apparel group*
do_
Men's wear*
do
Women's wear *
do
Shoes*
do
Automotive parts and accessories*
do
Building materials*
do
Drug*
do
Eating and drinking*
do
Furniture and housefurnishings*
do
General merchandise group*
do
Department, dry goods, and general merchandise*
1935-39=100..
Mail-order*
do
Variety*
do
Grocery and combination*
do
Department stores:
Accounts, collections, and sales by type of payment:
Accounts receivable:
Instalment accounts §
1941 average=100-.
Open accounts!
do.
Ratio of collections to accounts receivable:
Instalment accounts §
percent
Open accounts§
do.
Sales by type of credit:*
Cash sales
percent of total sales. Charge account sales
do_-.
Instalment sales
do__.
Sales, unadjusted, total U. S.f
1935-39=100.
Atlantaf
do_-.
Bostonf
do...
Chicagof
do__.
Cleveland!
do_-.
Dallasf
do__.
Kansas Cityf
do.-.
Minneapolis f
do__.
New Yorkf
do...
Philadelphia!
do.-.
Richmondf
do__.
St. Louisf
do...
San Francisco
do__.
r
838
200
198
132
309
793
203
195
135
260
779
207
178
137
258
842
238
151
149
302
841
250
118
153
321
844
242
114
153
335
773
207
89
146
331
822
232
125
150
315
859
219
134
163
344
817
205
136
144
333
903
218
156
160
369
918
210
152
176
381
242.2
202.2
255.3
277.5
161.0
238.5
166.5
296.7
351.7
395.2
290.2
303.0
260.6
424.6
305.1
173.8
238.8
310.4
8,805
3,049
5,756
206.5
137.6
228.9
237.6
168.3
166.1
88.5
247.4
248.0
394.7
260.9
289.3
240.6
418.9
252.0
164.9
209.4
292.2
5,974
1,714
4, 260
215.2
143.2
238.7
243.3
172.6
172.0
87.7
262.1
260.0
412.3
266.6
317.7
243.2
415.8
246.4
164.5
225.0
303.2
6,229
1,864
4,365
225.9
157.2
248.3
241.6
170.1
173.5
89.6
257.8
265.7
429.2
263.8
320.8
242.8
401.0
244.6
155.4
232.6
288.1
6,542
2,016
4,526
240.2
179.0
260.2
236.2
164.7
180.2
108.0
246.3
260.7
445.4
254.4
284.5
246.3
389.1
245.3
144.2
222.1
275.4
6,771
2,039
4,732
242.4
199.7
256.3
236.9
163.8
187.0
129.0
233.0
262.5
402.4
253. 2
269.1
247.3
389. 5
248.9
139.8
222.3
271.5
6,982
2,101
4,881
242.3
200.1
256.1
238.7
162.6
189.8
122.4
235.6
296.9
397.8
254.7
290.2
251.0
392.3
239.3
139.0
232.9
268.8
7,114
2,186
4,928
235.2
200.0
246.7
247.5
158.2
201.0
134.6
250.2
298.4
417.5
262.6
291.5
240.4
387.6
251.9
140.6
237.2
299.1
7,439
2,319
5,120
252.6
214.1
265.2
261.4
163.4
214.9
152.3
263.7
304.7
409.9
276.5
331.3
242.4
382.2
271.5
147.2
253. 4
297.4
8,055
2,477
5,578
266.8
228.1
279.4
256.5
156.6
221A
159.4
256.1
329.6
421.9
267.9
299.8
242.0
395. 5
262.6
146.9
237.9
294.1
8,487
2.682
5,805
269.0
232.6
280.8
260.3
156.0
225.6
172.2
249.9
329.6
387.3
271.6
285.0
249.1
408.6
274.5
157. 5
230.4
297.8
9,136
2,950
6,186
282.2
238.6
296.4
273.0
159. 3
229.2
172.0
256.0
342.0
388.5
287.3
295.3
260.4
421.9
296.4
163.3
241.8
320.3
9,562
3,190
6,372
1,681
163
30
73
46
29
58
66
52
19
377
1,415
161
25
81
41
35
55
62
48
15
339
1,375
162
24
83
43
32
52
61
44
17
337
1,651
228
34
121
53
38
58
65
50
20
439
1,679
250
38
123
68
41
64
65
48
21
465
1,663
208
34
100
57
43
49
23
449
1,650
224
36
105
65
44
64
68
48
22
446
1,599
171
24
84
50
45
64
67
50
21
425
1,866
205
33
96
59
48
72
70
51
23
502
1,715
213
39
96
60
42
74
66
50
22
492
1,913
233
46
103
63
46
75
70
53
27
571
2,037
235
48
103
63
49
61
72
51
27
594
203
65
100
633
176
65
90
175
59
95
442
237
84
108
504
254
77
124
467
259
65
114
490
259
61
116
479
242
59
113
286
79
126
618
278
91
113
482
324
104
131
542
331
104
147
650
224.0
261.1
299.6
258.9
358.4
269.1
192.0
259.9
227.1
228.8
230.0
246.7
189.6
223.4
298.6
215.0
399.2
245.0
227.0
243.8
211.5
209.8
182.3
222.3
198.0
225.8
315. 4
241.1
414.8
258.6
224.4
270.1
220.0
209.5
206.0
222.3
213.3
230.8
328.2
264.6
471.8
219.2
240.0
251.1
216.1
208.4
204.4
241.5
226.4
218.0
272.9
231.2
380.3
186.8
229.7
239.5
221.1
206.6
193.9
222.2
220.0
216.9
254.1
253.7
333. 6
173.3
227.2
224.0
225. 9
210.3
197.8
222.6
220.8
218.6
270.5
240.5
357.9
199.1
216.0
225.4
229.6
216.5
232.4
224.8
212.9
230.6
278.1
250. 8
343.2
230.2
224.9
225. 8
226.1
224.3
225.5
242.0
234.1
254.0
330.0
360.5
379.3
268.0
234.5
234.5
232.5
222.1
201.3
259.4
244.2
238.3
284.8
321.6
358.5
191.0
237.8
233.3
225.3
209.5
202.0
244.9
250.1
237.2
273.7
283.4
337.4
206.7
251.3
211.3
226.8
212.5
204.1
241.5
268.3
254.9
280.9
286.0
336.3
226.6
287.9
208.9
239.0
218.2
215.7
249.4
287.0
224.2
196.2
300.7
251.1
222.8
177.3
222.9
254.2
208.0
180.1
217.9
272.6
243.4
193.5
217.4
251.0
212.9
181.8
213.2
261.4
184.4
184.1
217.4
262.5
196.7
183.0
213.3
283.9
222.5
189.3
226.8
300.9
259.3
197.0
267.4
279.8
250.5
188.6
243.9
283.0
202.5
199.3
245.8
289.6
221.3
203.4
283.1
75
175
44
100
43
114
45
126
45
129
46
133
45
119
48
127
50
145
55
156
62
176
29
52
r 44
108
'33
61
31
60
35
64
35
63
34
62
33
60
35
59
57
37
6
209
273
170
196
194
295
227
195
183
188
218
228
*>249
65
31
4
179
246
147
167
167
'246
199
158
155
158
'196
192
r
212
62
34
4
207
292
156
193
194
299
238
182
174
174
227
236
253
60
36
4
238
315
197
226
237
316
255
223
206
219
264
264
258
60
36
4
255
336
223
242
253
335
273
235
219
228
281
281
287
59
37
4
248
313
211
234
243
322
272
242
214
222
274
272
284
59
37
4
253
306
216
245
257
313
265
236
221
228
266
274
32
57
61
35
4
208
275
157
198
203
290
239
204
158
175
219
234
266
34
56
57
39
4
278
374
237
268
251
395
311
287
214
246
316
316
326
37
60
56
39
5
278
372
240
268
265
384
312
281
202
259
312
313
330
37
59
57
38
5
336
416
284
318
333
434
340
302
301
319
369
371
376
60
36
4
242
321
184
236
249
332
279
232
189
195
253
284
292
Revised.
» Preliminary.
§Minor revisions in the figures prior to November 1941 are available on request.
*New series. Revised 1940-43 dollar figures and indexes for total chain store sales and furniture and house furnishings, 1942-43 indexes for all series in the general merchandise
group except mail-order, and revisions in the 1942 or 1943 data for a few other series are available on p. 20 of the September 1945 Survey. Except as given on that page, data for 1929,
1933, and 1935 to March 1943 are correct as published on pp. 15-17 of the February 1944 Survey. Revisions for January-April 1945 for grocery and combination stores and the total
(dollar figures and indexes) are shown on p. 24 of the August 1946 Survey. Data beginning 1939 for retail inventories will be published later; data shown in the Survey beginning
with the June 1944 issue are comparable with estimates published currently. See p. S-9 of the August 1944 Survey for data beginning June 1943 for the series on department store
sales by type of payment.
tRevised series. See note marked " t " ° n p. S-7 for reference to data through June 1944 and for January-April 1945 for sales of all retail stores. The indexes of department store
sales for the United States and the indicated districts have been revised for all years. Revised data beginning 1919 or 1923 for the United States, Dallas, and Richmond are published,
respectively, on p. 17 of December 1944 Survey, p. 20 of February 1944, and p. 22 of June 1944 issue (further revisions in the 1943-44 data for Richmond are in footnote on p. S-8 of the
March 1946 issue and there have been unpublished minor revisions in the adjusted index for the United States for 1938-45). There have been unpublished revisions also in the adjusted
http://fraser.stlouisfed.org/
indexes through 1945 for Kansas City, Atlanta, Cleveland, and New York; all revisions will be published later.
Federal Reserve Bank of St. Louis
SUEVEY OF CUEEENT BUSINESS
March 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
S-9
1946
January
January
February
March
April
May
June
July
August
September
October
Novem- December
ber
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores—Continued.
Sales, adjusted, total U . S.f
Atlantaf
Boston!
Chicago!
Cleveland!
Dallasf
Kansas C i t y !
Minneapolisf
New Y o r k !
Philadelphia!
Richmond!
St. L o u i s !
San Francisco
Stocks, total U . S . , end of m o n t h : !
Unadjusted
Adjusted
Mail-order a n d store sales:
T o t a l sales, 2 companies
Montgomery W a r d & Co
Sears, Roebuck & Co
Rural sales of general merchandise:
Total U. S., unadjusted
East
South
M i d d l e West
Far West
Total U . S., adjusted
East
South
.
M i d d l e West
Far West
1935-39=100do__.
do...
do.__
do__
do-._
do-..
do_._
do_._
do___
do...
do___
do___
265
341
215
245
256
364
284
261
228
244
292
278
*313
227
308
186
209
220
r
304
249
212
194
205
262
234
'266
251
331
200
241
236
339
261
236
207
221
283
281
300
••257
328
218
243
246
336
275
246
215
244
294
286
297
252
327
210
237
244
352
273
225
221
224
276
272
291
258
329
213
234
256
342
289
252
228
232
276
277
305
••276
365
232
253
273
368
288
248
243
253
303
305
315
273
343
227
254
260
381
281
253
236
254
307
300
'323
290
365
246
281
286
381
300
259
259
250
306
330
324
'270
367
226
263
249
376
321
265
205
241
298
313
313
257
•"348
216
250
248
349
297
254
179
229
286
293
319
272
347
230
261
266
356
283
252
231
253
290
294
320
274
'363
231
264
277
348
•"299
'251
232
'229
'293
303
317
1935-39=100.
do
235
268
146
167
158
171
172
177
188
189
200
200
205
211
223
223
238
221
250
226
267
237
277
255
235
274
thous. of dol_
do...
do
201,052
67,097
133,955
158,852
53,007
105,846
150, 292
55,231
95,061
207,055
78, 454
128, 601
209,843
80, 073
129, 770
211,418
85, 065
126, 353
201,976
75, 428
126, 548
194, 503
72, 667
121,836
232,811
91, 864
140,946
242,461
94,005
148, 456
283, 733
112,155
171, 578
281, 422
106, 355
175,067
313,678
117, 281
196,397
1929-31=100.
do
do
do..
do._
do...
do
do
do
do...
239.7
243.8
348.3
199.6
258.9
315.0
320.7
440.3
261.0
352. 2
208.7
209.3
300.4
177.1
220.1
274.2
275.4
379.8
231.5
299.5
227.1
218.2
34*. 1
195.3
222.7
280.7
266.7
381.7
245.7
300.9
303.4
313.2
449.1
261.9
280.3
345.5
348.8
497.4
295.6
340.6
283.7
277.0
374.1
243.6
321.7
308.7
290.6
424.6
260.8
360.2
233.8
217.6
311.2
199.4
283.2
254.7
237.1
366.9
210.5
315.0
243.4
236.6
322.4
210.0
294.1
267.2
257.7
401.0
222.4
308.6
214.8
189. 5
300.4
188.3
263.5
294.2
266.1
442.4
255.1
321.4
288.0
268.0
394.0
253.2
325.2
352.1
336.2
546.4
306.9
353.1
340.3
320.1
493.2
•286.7
383.5
321.9
325.6
446.8
279.7
327.7
345.1
334.6
493.8
293.2
384.9
265.6
260.0
333.2
230.8
320.5
376.9
372.7
552. 2
313.2
439.0
289.7
289.2
402.1
238.9
361.9
366.8
333.8
491.5
312.6
465. 5
229.4
200.5
327.2
200.4
285.2
Service a n d limited function wholesalers:*
Estimated sales, total
mil. of dol.
Durable goods establishments
do
Nondurable goods establishments
do
All wholesalers, estimated inventories*
do
5,137
1,583
3,554
6,271
4,058
987
3,071
4,258
3,786
966
2,820
4,254
4,055
1,076
2,979
4,375
4,183
1,180
3,003
4,413
4,351
1,234
3,117
4,458
4,250
1,239
3,011
4,498
4,744
1,317
3,427
4,642
4,771
1,436
3,335
4,809
4,809
1,483
3,326
5, 055
5,674
1,680
3, 994
5,338
5,262
1,600
3,662
5,738
5,194
1,671
3, 523
5,939
WHOLESALE TRADE
1
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment status of noninstitutional population:*
Estimated number 14 years of age and over,
total
thous. . 106, 970 105,950 106,020 106,070 106,140 106,200 106, 210 106,360 106,470 106, 630 106,760 106,840 106,940
54,150
Female
_
do
53, 630
53, 660
53,690
53, 730
53, 750
53,820
54,180
53, 590
53, 890
53,980
54,060
54,110
52,790
Male
do
52, 540
52,580
52,650
52,700
52,730
52,450
52, 470
52,460
52,390
52, 410
52, 790
52,360
1,890
Armed forces
.do
4,470
3, 850
3,410
3,070
2,710
2,450
2,220
2,170
2,010
5,240
1,720
6,170
58,430
Civilian labor force, total
.do
59, 750
59,120
58, 990
58, 970
58,930
55,160
57,160
60,110
56, 450
57,790
53, 890
53,320
16,440
Female
do
16, 680
17, 270
17, 400
17,170
17,270
17,170
17,020
16,290
16,590
15, 930 16,160
16,000
41,990
Male
do
41, 860 37,160
37, 890
38, 870
39, 860
40,480
41, 660
42,710
42,580
41,850
41, 820
41,950
56, 310
Employed
do
52,460
54, 850
57, 690
57,050
57,030
57,040
54,120
56,360
57,840
55, 390 51,020
51, 240
16,010
Female
do
15, 480 15, 630
15,490
15, 780
16,130
16,260
16, 710
16, 890
16, 710
16, 780
16, 760
16, 610
40,300
Male...
.
do
40, 980
40, 270
40, 270
40,430
39, 910 35, 390
40, 950
36, 680
37, 990
38, 590
39, 650
35, 750
7,210
Agricultural employment
do
8,170
8,880
10,010
9,970
9,140
8,750
8,620
7,900
6,500
6,940
7,530
6,720
49,100
Nonagricultural employment
do
48, 300
48, 410
49,140
44, 930
47, 870
48, 550
44, 300
45,950
45, 970
46, 350
48, 890 44, 300
2,120
Unemployed..
.
do
2,700
2,330
2,310
2,270
2,060
2,070
1,960
1, 930
2,400
2,650
2,570
2,300
46, 620
Not in labor force
do
47, 460 46, 460
46, 890
46, 440
45, 840
45, 630
44, 210
43, 540
44, 270
45, 290
45, 600
45, 860
Employees in nonagricultural establishments: t
Unadjusted (U. S. Department of J^abor):
Total
do
40,129
40,175 ' 40,381 ' 40,795
38,121
39,056
39,265
39, 871
37,469
38, 633
39, 657 37,013
36, 509
Manufacturing
do
12, 536
14,098
14, 244
14,583
14,731
14, 761 ' 14, 967 ' 15,048
15,033
13, 206
13,776
13,901
13, 236
'819
Mining
do
828
827
827
828
718
815
505
807
808
801
831
810
' 1, 642
Construction
do
1,742
1,874
1,976
1,132
2,091
2,103
2,040
' 1, 808
1,508
1,260
1,345
1,517
' 3,977
3,962
Transportation and public utilities
do
4,001
3,948
3,987
' 4,005
3,873
3,917
3,907
3,919
3,939
3,930
3,897
' 8,610
Trade
.do
7,961
7,505
7,617
7,759
7,724
7, 749
7,747
7,814
7,918
8,039
' 8, 259
7,481
' 5, 260
Financial, service, and miscellaneous
do
5,134
5,131
5,152
5,216
5,160
5,155
5,208
5,244
4,984
5,076
5,140
5,031
' 5, 439
Government
_ do
5,169
5,462
5,494
5,502
5,541
5,480
5,369
5,394
5,447
5,313
' 5, 270
5,473
Adjusted (Federal Reserve):
Total
.do
40, 207 ' 37, 511 ' 37,057 ' 37, 906 ' 38, 365 ' 38, 728 ' 38,983 ' 39,124 ' 39, 648 ' 39,907 ' 39,957 ' 40,061 ' 39,983
Manufacturing..
.do
15,079 ' 13, 276 ' 12, 577 ' 13, 247 ' 13, 850 ' 13,992 ' 14,134 ' 14, 203 ' 14,468 ' 14, 655 ' 14,726 ' 14,930 ' 15,011
'815
Mining
do
812
717
811
815
814
824
823
823
824
801
508
835
' 1,710
1,882
Construction
_.do
1,936
1,963
1,907
' 1,755
1,462
1,708
1,837
1,639
1,385
1,597
1,230
' 3, 997
Transportation and public utilities
do
3,939
3,873
3,878
3,904
3,999
3,942
3,891
3,967
'4,005
3,956
3,987
3.990
' 7, 935
Trade
do
8,165
7,697
7,757
7,775
7,763
7,788
7,898
7,973
7,998
' 7, 950
' 7,980
7,673
Estimated production workers in manufacturing indus12,281
12,026
12,218
11,882
12,018
tries, total (U. S. Dept. of Labor)*
thousands.. 12,250
11,554
11,216
11,412
9,989
10, 639
11,130
10, 666
6,223
Durable goods industries
do
4,999
5,474
5,583
5,713
5,829
6,001
6,086
6,116
6,210
5,205
4,417
6,239
1,4(32
1,433
1,456
1,442
1,476
Iron and steel and their products
do
1,334
1,320
1,351
1,390
843
1,268
1,491
1,308
Blast furnaces, steel works, and rolling mills
474
482
467
480
445
480
453
466
470
449
thousands-.
170
467
' Revised, v Preliminary.
*New series. Annual estimates of total wholesale sales beginning 1939 are available on p. 32 of the February 1946 Survey and the table on the back cover of the February 1947
issue and monthly figures beginning June 1943 for all series are on p. S-9 of the August 1944 and later issues. For estimates of wholesalers' inventories for 1938-42, see p. 7 of the June
1942 Survey and p. S-2 of the May 1943 issue. Estimates of the labor force have been revised beginning July 1945 (see explanation in the February 1947 Survey) and revision of the
earlier data is in progress; all revisions for these series and data prior to 1946 for the series on noninstitutional population and persons not in the labor force will be published when revisions are completed. See note marked "*" on p. S-10 regarding the estimates of production workers in manufacturing industries.
! Revised series. See note marked " t " on p. S-8 regarding revisions in the indexes of department store sales. Revised data for 1919-45 for the index of department store stocks
are shown on p. 24 of the August 1946 Survey. The estimates of employees in nonagricultural establishments have been revised back to 1929; unadjusted data for 1929-42 for manufacturing and the total and for 1929-43 for other series are available on p. 24 of the July 1945 Survey and 1943-45 revisions for manufacturing and the total are shown on p. 32 of the
February 1947 issue; January 1939-June 1945 data for the adjusted series for manufacturing and the total will be published later; data beginning March 1943 for the other adjusted
series are correct as published in the June 1944 Survey and later issues and data back to 1939 will be published also for these series.
733486—47-
SUKVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
January
March 1947
1946
January
February
March
April
May
July
June
August
September
October
Novem- Decem
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Estimated production workers in manufacturing*—Con.
Durable goods industries—Continued.
Electrical machinery
...thousands..
Machinery, except electrical
do—
Machinery and machine-shop products
do
Machine tools §
do
Automobiles
do
Transportation equipment, exc. automobiles-~do
Aircraft and parts (excluding engines)§
do
Aircraft engines §
do
Shipbuilding and boatbuilding§
do
Nonferrous metals and products
do
Lumber and timber basic products
do
Sawmills (incl. logging camps)
do
Furniture and finished lumber products
do
Furniture
.
do...
Stone, clay, and glass products.._
do__.
Nondurable goods industries
do...
Textile-mill products and other fiber manufacture:
thousands..
Cotton manufacturing, except small wares.-do
Silk and rayon goods
do....
Woolen and worsted manufactures (except dyeing
and
finishing)
thousands. _
Apparel and other finished textile products..do
Men's clothing
do—
Women's clothing
do—
Leather and leather products
do—
Boots and shoes
do—
Food and kindred products
do—
Baking
do...
Canning and preserving
do...
Slaughtering and meat packing
do.._
Tobacco manufactures
do...
Paper and allied products
do _ _.
Paper and pulp
do._.
Printing, publishing, and allied industries do._.
Newspapers and periodicals
.
do...
Printing, book and job
do...
Chemicals and allied products
do...
Chemicals
do...
Products of petroleum and coal
do...
Petroleum refining
.do _. _
Rubber products
do...
Rubber tires and inner tubes
do _ _.
Production workers, unadjusted index, all manufacturing (U. S. Dept. of Labor) t
..-.1939=100
Durable goods industries
do._.
Iron and steel and their products
do._.
Blast furnaces, steel works, and rolling mills
1939=100.
Electrical machinery
.do...
Machinery, except electrical
do...
Machinery and machine-shop products
do.—
Machine tools§
do_._
Automobiles
do_._
Transportation equipment, exc. automobiles.do. „.
Aircraft and parts (excluding engines) §
do...
Aircraft engines§
_..do.-_
Shipbuilding and boatbuilding §
do___
Nonferrous metals and products
do...
Lumber and timber basic products
do.. .
Sawmills
_
do...
Furniture and finished lumber products
do. _ _
Furniture
do...
Stone, clay, and glass products
do. _.
Nondurable goods industries
do. - Textile-mill products and other fiber manufactures
1939=100.
Cotton manufactures, except small wares_..do...
Silk and rayon goods
do...
Woolen and worsted manufactures (except dyeing
and
finishing)
1939=100.
Apparel and other finished textile products _ do.
Men's clothing
.
do Women's clothing
do .
Leather and leather products
do. _.
Boots and shoes
do.
Food and kindred products
do.
Baking
do
Canning and preserving
do
Slaughtering and meat packing
do
Tobacco manufactures
do
Paper and allied products
do...
Paper and pulp
do
Printing, publishing, and allied industries- ...do...
Newspapers and periodicals!
do.
Printing, book and jobj
do.
Chemicals and allied products
.
do.
Chemicals
do^
Products of petroleum and coal
_do _ _ _
577
1,122
476
956
334
58
416
519
119
21
249
333
514
202
348
150
335
5,461
348
833
295
58
401
469
118
21
228
291
521
202
355
152
356
5,566
367
880
314
57
447
459
117
22
219
316
534
207
361
154
367
5,640
445
948
344
60
623
486
121
26
213
337
558
215
366
157
377
5,656
485
988
345
59
651
473
124
26
193
347
576
222
365
157
501
1,011
348
59
668
462
126
26
183
365
594
227
374
378
5,633
887
1,127
429
1,157
437
1,176
442
90
1,183
443
90
1,185
443
91
"245
149
956
181
207
338
182
1,051
254
93
153
81
341
157
359
122
149
489
115
142
! 96
- 209
Wl 99
154
993
187
214
348
187
1,045
253
90
151
81
348
160
367
125
153
491
115
142
96
214
101
158
1,016
190
219
355
192
1,034
255
85
147
82
353
162
372
127
154
494
115
145
97
220
104
159
159
1,018
1,013
. 191
192
218
213
356
356
193
193
1,009
1,023
247
239
92
95
139
136
85
85
357
359
164
165
374
375
128
129
153
154
493
481
117
118
146
145
QO
97
»o
220
221
104
105
149.5
172.8
150. 4
130.2
144.1
I 131.9
121. 9
122.6
85.0
129.9
138, 4
127.9
135.
151.
134. 5
115.5
183.7
180.9
164.9
158. 6
103.5
326.9
298. 9
239.7
359.6
145.3
122.3
94.0
114.3
119.2
43.
134.2
157. 2
145. 8
159.5
103.0
294. 4
296.2
239.0
328.7
126.8
124.0
70.2
108.1
95.4
121.4
121. 4
120.3
141.5
166. 5
155. 1
156. 4
111.2
289.3
294. 4
252. 2
315.7
137.9
127.0
71. 7
109.9
97.0
124.9
123.1
98.6
108.3
73.0
101.2
110.4
74.4
102.8
111.7
75.0
99.9
121.0
82.6
76.3
97.4
83.5
123.0
110.2
68.8
126.7
87.0
128.6
113.9
109.4
103.1
117.6
169.7
164.7
134.0
131.9
172.7
182.4
103.1
125.8
85.3
78.7
100.4
85.8
122.2
109.7
66.6
125.
87.3
131. 0
116.3
112.1
105. 3
120.9
170.3
165.1
130.8
132.3
177.
187.3
716
457
409
639
412
416
6,011
1,251
1,107
362
T683
381
"399
507
~150
222.8
212.4
177.9
287.8
178.5
152.0
70.0
106.0
141
131.2
109.3
5,699
1,199
448
92
507
526
1,027
1,051
352
357
59
61
699
728
459
451
129
134
27 |
28
174 !
158
378
392
603
628
229
237
376
388
161
165
390
404
5, 725
5,881
1,183
445
91
543
558
1,070
1,089
363
62
760
539
140
28
139
396
627
233
388
164
407
370
62
745
440
'143
29
'134
402
636
'234
393
167
411
5,932
5,910
1,197
1,212
1,224
452
93
456
93
460
94
568
1,107
378
60
749
447
'146
29
'134
406
645
'236
401
169
411
6,008
1,240
465
95
225
106
155
1,001
192
196
355
193
1,102
234
184
123
85
361
166
383
130
160
472
117
151
100
218
99
136.9
154.6
133.1
139.3
158.2
136.2
141.0
161.4
140.2
145.0
166.2
144.5
146.7
168.5
146.9
146.8
169.4
145.5
149.1
172.0
148.9
119.9
171.5
179.3
170.0
162. 3
] 54. 8
306. 4
303.9
293.1
306.9
146. 9
132.6
74.7
111.5
98.4
128. 4
123. 5
114.7
187.3
187. 0
170.6
161. 1
161.8
298.1
311.2
294. 0
279.0
151.4
137. 0
77.0
111.4
98.4
128. 9
123.0
116.6
193.3
191.3
171.8
161.9
166.1
290.8
316. 3
292.3
264.6
159. 0
141.3
78.7
114.5
100.6
132.0
124.4
120.9
195.8
194.4
173.7
161.5
173.6
289.1
324.2
298.3
251.2
165.0
143.4
79.5
114.5
101.1
132.9
125.0
123.6
202.8
199.0
176.2
167.5
180.9
284.0
338. 3
309.3
228.6
170. 9
149.4
82.2
118.1
103.9
137.8
128.4
123.6
209.4
202.5
179.5
169.2
188.8
276.3
351.6
310.5
200.8
172.9
149.2
80.9
118.2
103.3
138.7
129.5
121.9
215.2
206.5
183.0
169.2
185.2
277.2
' 360. 9
321.8
' 193. 3
175.4
151.2
'81.3
119.8
104.7
139.9
129.0
124.0
219.2
209.5
186.7
162.9
186.1
281.6
' 368.8
329.0
' 193. 2
177.2
153.5
'81.8
122.1
106. 2
140.0
131.2
103.4
112.0
75.4
103. 6
111.9
75.7
104. 8
113.0
76.6
103.5
112.4
75.9
104.7
114.2
77.2
106. 0
115.1
77.6
107. 0
116.0
78.3
108.4
117.5
79.1
160
1,031
195
213
358
194
1,017
234
111
128
86
364
168
379
130
156
476
118
149
QQ
yy
156
160
161
1,049
1,008
1,085
1,166
1,157
1,074
241
173
84
89
372
168
394
134
163
491
118
151
99
240
110
162
1,083
204
209
354
'192
1,123
249
132
139
91
379
170
399
135
165
501
121
151
99
245
112
197
212
354
191
237
207
138
86
366
168
384
131
158
475
117
152
100
227
103
197
217
355
194
241
244
95
87
368
168
386
132
159
484
117
152
100
233
107
200
217
352
190
106.7
104.4
107.5
107.3
103.9
107.0
108.7
126.7
137.2
128.3
130.6
132.9
135. 3
137.4
87.7
93.4
87.8
89.4
90.2
90.2
91.3
72.1
76.9
78.2
78.3
77.9
79.7
79.9
104.
102.3
102.1
102.0
102.4
101.5
102.0
103.1
88.6
'88.2
88.4
89.1
87.8
88.8
87.3
~126~
129.0
131.4
118.1
119.0
136.5
135.4
125.7
101.4
107.9
103.5
101.5
102.7
104.6
104.6
136.8
98.1
70.4
82.8
153.5
182.2
128.9
102.4
115.3
112.9
106.5
114.8
78.6
70.0
94.
90.7
97.6
91.2
92.1
91.7
93. 5
95.8
143.
135.9
142.9
135.3
137. 3
137.8
138.6
140.2
120.9
123.5
120.0
121.9
122.1
122.0
122. 0
121.
116.8
121. 6
114.3
115.7
117.0
117.6
120.1
109.6
113.7
109.0
109.4
110.4
111.0
112.8
126.3
130.6
125.0
125.8
128.9
121.3
123.8
163.7
173.7
"176."
166.8
165.1
164.9
167.9
170.5
168.4
173.3
167. 5
169.0
168.5
167.6
169.8
142.7
142.6
143.4
143.8
142.8
136.9
140.6
P e t r o l e u m refining
do.
137.4
136.0
134.4
136.1
137.4
137.0
136.2
180.
Rubber products
do.
202.9
202.
182.7
186.1
187.5
192.8
198.7
183.1
207.0
R u b b e r tires a n d inner tubes
.do.
193.4
195.8
189.9
197.0
204.0
JData beginning August 1942 are available in the November 1943 Survey; earlier data will be published later.
' Revised.
§For 1941-43 data for shipbuilding see p. 19 of December 1944 Survey and for 1939-44 data for aircraft and aircraft engines, p. 20 of the August 1945 issue. For data for December
1941-July 1942 for machine tools, see note marked "f" on p. S-10 of the November 1943 Survey.
*New series. Estimates of production workers for 1929-43 for all manufacturing, total durable goods, total nondurable goods, and the industry groups are shown on p. 22 of December 1945 Survey and data for January 1944-February 1945 are on p. 24 of July 1946 issue; data beginning October 1941 for the individual industries are available on pp. S-8 and S-9.
of the December 1942 and later issues (except as indicated in note marked " § " above) and data back to 1939 will be sh,own later.
fRevised series. The indexes of production-worker employment and pay rolls (pp. S-12 and S-13) have been completely revised; for 1939-41 data for the individual industries
(except as indicated in note marked "§") and 1939-40 data for the unadjusted series for all manufacturing, total durable goods and total nondurable goods industries, and the industry
groups, see pp. 23-24 of the December 1942 Survey: for 1941 data for the totals and the industry groups see p. 28 of the March|1943 issue, for 1942-43, p. 20 of the October 1945 issue
and for January 1944-February 1945, p. 24 of the July 1946 issue; all revisions through February 104.5 for the adjusted indexes (p. S—11) will be shown later.
140.3
105.9
128.6
86.8
80.4
102.4
87.9
121.0
110. 3
63.2
122.0
87.9
132.9
117. 9
113.5
107.0
122.1
171.4
165.
136.7
133.1
181.
191.6
106.6
128.9
87.4
80.1
102.5
88.5
119.8
107.3
68.4
115.2
90.8
134. 5
119.3
114.2
108.1
122.2
170.9
169.6
138.2
133.7
182.0
192.8
SUKVEY OF CURKENT BUSINESS
March 1947
S-ll
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
June
July
August
September
October
No vein- December
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMP LO YM ENT—C ontinued
Production workers, adjusted index, all manufacturing
(Federal Reserve)!. . . 1939=100
Durable goods industries!
do
Nondurable goods industries!
do
Nonmanufacturing, unadjusted (U. S. Dept. of Labor):
Mining:!
Anthracite
__1939=100_Bituminous coal
do
Metalliferous
._. do _..
Quarrying and nonmetallic
do
Crude petroleum and natural gas! --- do
Public utilities:!
Electric light and power
do
Street railways and busses
do
Telegraph
_ _ do
Telephone
do
Services:!
Dyeing and cleaning
do
Power laundries . .
..
do
Year-round hotels
do
Trade:
Retail, total!
.
do
Food*
. -.
_
do
General merchandising!
do
Wholesale!
do
Water transportation*
do
Miscellaneous employment data:
Federal and State highways, totalj
number..
Construction (Federal and State)
do
Maintenance (State). ___
. d o
Federal civilian employees :1f
United States..
_thousands
District of Columbia
do
Railway employees (class I steam railways):
Total
thousands
Indexes: Unadjusted!. __
1935-39=100
Adjusted!
do.
v 150. 0
* 173.1
130.7
144.4
119.8
122.4
122.9
122.0
130.3
138.6
123.7
136.6
151.6
124.7
138.0
154.6
124.8
139.6
158.1
125.0
140.6
161.2
124.3
143.8
165.9
126.5
145.9
168.3
128.2
146.4
' 169. 3
128.4
148.7
'171.9
' 130. 5
' 149.6
' 172.4
'131.6
87^5
79.3
91.2
76.3
83.3
90.0
81.1
92.0
67.5
84.3
91.0
81.7
93.9
65.5
88.8
90.8
81.4
20.3
62.9
93.8
91.8
81.0
66.9
67.7
95.7
92.8
79.0
89.6
74.4
98.9
94.2
81.4
89.5
78.0
101.2
95.4
82.0
90.8
82.5
103.2
95.5
82.2
90.5
83.5
102.5
93.9
83.2
90.1
83.9
101.7
93.4
82.9
90.0
85.2
101.2
93.0
83.5
88.1
86.4
99.5
92.6
185.1
92.9
123.7
112.4
146.3
94.7
125.7
124.7
153.7
96.4
126.1
123.2
158.6
97.7
127.0
119.8
163.5
98.6
127.6
113.5
167.6
99.9
128.7
112.1
171.7
101.2
128.9
112.4
177.7
101.9
130.2
111.9
181.1
101.9
129.9
112.0
181.0
102.0
130.3
110.3
181.6
102.5
130.6
108.7
183.4
103.0
130.1
107.4
184.6
118.3
111.0
117.4
120.3
109.3
117.3
121.5
109.0
118.7
124.3
109.6
119.3
130.3
110.0
118.9
129.6
110.7
119.9
131.6
112.3
119.9
130.0
113.6
119.1
124.5
111.6
119.3
125.6
109.9
119.5
126.1
110.1
120.6
123.0
109.9
120.2
120.9
110.9
119.1
112.0
104.1
106.6
116.8
104.7
314 8
104.3
106.8
114.6
105.5
316.9
106.0
106.9
118.6
100. 6
297.8
109.0
106.3
125.3
106.7
275.3
107.2
105.0
121.9
106.0
250.6
107.2
103.5
121.0
106.9
229.0
106.2
101.3
117.7
107.5
228 2
106.6
103.6
117.4
109.1
225.9
109.8
103.5
125.4
109.4
112.2
103.7
' 132. 4
110.7
i 199. 2
117.2
108.6
144.8
112.7
' 126. 5
111.8
171.1
'114.4
139, 381
14, 908
95, 458
142, 074
16, 277
95, 596
150,013
21, 000
97,814
165, 762
31,871
100, 683
184,179
45,084
104, 445
205,161
59, 001
110,537
225,184
73, 766
114,717
237, 601
82,384
117, 543
236, 644
88,473
110, 940
235, 045
87, 889
110,363
220,879
75,850
108, 328
198,097
56,289
104, 901
2,406
233
2,402
236
2,379
237
2,394
238
2,360
236
2,299
235
2,282
235
2, 232
233
2,154
226
2,119
225
2,018
224
1,980
221
* 1, 363
P130.7
v 135. 9
1,422
136.5
142.0
1,393
133.9
137.3
1,397
134.1
137.5
1,375
131.9
134.0
1,334
128.1
128.6
1,358
130.4
128.6
1,378
132.2
129.5
1,400
134.3
131.6
1,392
133.6
130.4
' 1, 405
134.9
130.5
'1,412
135.4
134.3
' 1, 383
v 132. 6
v 134. 7
v 40. 5
P40.3
40. 6
41.0
40.8
41.1
39.2
40.5
40.0
39.1
40.7
40.7
40.6
40.0
40.4
40.5
40.4
39.9
39.3
39.7
39.3
38.4
39.8
40.0
39.8
38.8
40.0
39.7
39.3
38.5
40.1
40.5
40.5
39.9
40.0
40.3
40.3
39.7
40.4
M0. 5
M0. 7
40.3
40.4
40.2
M0. 2
40.0
40.9
40.8
39.8
38.5
41.3
42.0
42.5
44.4
37.5
40.0
41.1
40.9
38.8
43.3
38.8
38.0
41.8
41.4
40.7
41.2
30.4
40.3
41.4
42.3
43.3
34.5
39.0
40.8
42.1
37.3
43.2
40.1
39.4
42.3
42.1
41.1
40.9
37.9
40.3
41.7
41.7
43.6
37.0
40.0
41.0
41.9
38.8
42.2
41.1
40.5
42.5
42.2
41.6
40.9
37.5
40.2
41.5
42.2
42.6
37.4
39.9
41.3
41.8
38.5
41.8
41.3
40.8
42.3
42.1
41.3
40.6
35.8
38.9
40.1
40.4
41.6
36.3
39.1
40.7
41.3
37.6
41.1
40.9
40.4
41.3
41.3
40.2
40.1
36.0
39.8
40.9
41.2
42.2
36.6
39.5
40.4
41.6
38.1
40.9
41.5
41.1
41.8
41.4
40.4
40.2
36.4
39.4
40.4
40.7
41.3
37.8
39.3
40.0
40.6
38.4
40.0
39. J
38.9
41.0
40.6
39.5
40.1
38.2
40.6
40.9
41.6
42.0
39.2
39.7
40.7
41.4
38.0
40.8
41.8
41.4
41.9
41.7
40.7
40.5
38.0
40.8
41.1
41.2
41.9
38.5
38.8
40.6
41.9
35.7
40.7
41.4
41.2
41.8
41.6
40.5
40.3
38.7
40.7
41.5
41.6
42.6
'38.8
40.0
M0. 6
42.1
37.7
M0.9
41.9
41.5
42.2
41.8
40.6
40.2
'38.8
40.6
40.9
41.1
42.5
r
38. 5
38.4
39.6
37.0
35. 7
M1.0
' 40. 6
40.2
41.7
41.4
40.3
40.2
37.0
41.1
41.4
41.8
43.0
39.7
40.7
40.4
41.9
40.0
41.8
42.0
41.5
42.2
41.6
41.0
41.1
40.4
40.1
41.0
40.5
40.0
41.5
40.4
39.8
41.4
40.3
39.8
41.6
39.8
39.3
41.3
40.0
39.5
40.8
39.6
39.4
40.7
40.1
39.8
41.3
40.0
39.8
40.4
40.2
39.9
41.6
40.2
40.3
41.1
40.9
40.9
41.8
41.8
36.7
37.0
36.1
39.9
39.2
44.9
45.4
40.2
48.7
39.3
44.3
45. 5
41.1
38.0
42.9
42.0
42.4
41.6
36.5
36.8
35.8
40.4
40.2
44.3
45.1
39.5
46.1
38.5
43.9
45.2
40.8
38.4
42.0
41.7
41.7
41.4
37.5
37.5
37.3
40.8
40.6
42.9
45.1
39.6
40.6
39.7
43.9
44.7
41.2
38.6
42.7
41.6
41.5
41.4
37.2
37.7
36.5
40.5
40.5
42.8
45.0
40.2
40.1
39.2
43.5
44.4
41.0
38.4
42.2
41.4
41 5
41.1
36.9
37.6
36.4
39.6
39.6
42.4
44.2
39.2
40.6
39.5
42.9
43.8
40.4
38.1
41.4
40.7
40.7
41.1
37.1
38.1
36.1
39.3
39.0
42.3
43.9
40.0
39.3
40.0
43.1
43.7
40.5
37.9
41.6
40.5
40.8
40.5
36.0
36.2
35.4
38.2
37.8
43.8
44.8
43.2
43.0
39.1
42.8
43.8
40.2
37.9
41.5
40.7
41.5
40.9
37.0
37.5
36.4
37.8
36.9
43.7
45.0
42.3
43.4
38.6
43.4
44.4
40.8
38.7
41.8
40.8
41.1
41.1
36.9
37.7
35.8
38.2
37.9
43.0
44.5
43.5
35.9
39.5
43.0
43.8
41.1
39.4
42.0
40.9
41.1
40.9
36.8
37.7
35.5
37.5
36.9
42.4
43.6
41.7
37.5
40.3
43.4
44.5
41.0
39.3
41.7
41.3
41. 4
40.1
36.6
37.8
34.8
37.1
36.3
42.8
44.0
37.2
44.9
39.7
43.3
44.5
41.0
39.2
41.9
Ml. 3
41.1
41.3
37.0
38.0
35.3
39.2
38.8
44.4
45.3
38.8
46.4
40.2
43.8
44.7
41.4
39.0
42.6
41.6
41.2
103.4
131.1
111.8
LABOR CONDITIONS
Average weekly hours per worker:
Natl. Indus. Conf. Bd. (25 mfg. industries)
hours
U. S. Dept. of Labor, all manufacturing!
do
Durable goods industries*
do
Iron and steel and their products*.
do
Blast furnaces, steel works, and rolling
mills*.
..
_
_
hours
Electrical machinery*
do
Machinery, except electrical*
do
Machinery and machine-shop products* do
Machine tools*
do
Automobiles*
do
Transportation equipment, except autos* ..do
Aircraft and parts (excluding engines)* . do
Aircraft engines*
do
Shipbuilding and boatbuilding*
do
Nonferrous metals and products* .
do
Lumber and timber basic products*
...do
Sawmills (incl. logging camps)* .
do
Furniture and finished lumber products*_..do
Furniture*.
do
Stone, clay, and glass products*.
do _
Nondurable goods industries*
do
Textile-mill products and other fiber manufactures*
hours
Cotton manufactures, except small wares* do
Silk and rayon goods*.- __. _
.do _
Woolen and worsted manufactures (except dyeing and
finishing)*
hours_.
Apparel and other finished textile products* do
Men's clothing*.
do
WrymeTi's frothing*
do
,40.6
Leather and leather products*.
do
Boots and shoes*
do
Food and kindred products*.
do
Baking*
do
Canning and preserving*.
do
Slaughtering and meat packing*
. . . do
Tobacco manufactures*do
Paper and allied products*
do
Paper and pulp*.
do
Printing, publishing, and allied industries*.do
Newspapers and periodicals*.
do
Printing, book and job*.
do
Chemicals and allied products*.
do
Chemicals*..
do
r
Revised. * Preliminary. ' For October 1946, data relate to the end of the preceding month; data for the week ending nearest September 15th are not available.
X Total includes state engineering, supervisory and administrative employees not shown separately.
i United States totals beginning August 1945 include approximately 53,000 clerks at third-class post offices and substitute rural carriers not reported previously; see also note in July
1944 Survey regarding changes in the data beginning in 1943. December figures do not include excess temporary post office substitutes employed only at Christmas.
* New series. Indexes beginning 1939 for employment in retail food establishments and beginning 1940 for water transportation are shown on p.31 of the June 1943 Survey. Data
beginning 1939 for all series on average hours will be published later; the series for individual nondurable goods industries, sawmills and furniture have not been shown in the Survey
prior to this issue; data beginning March 1942 for other series except aircraft engines, and beginning March 1944 for this series, are available in previous issues of the Survey.
! Revised series. Revisions for 1939 through February 1945 for the adjusted indexes of employment in manufacturing industries will be shown later. Data for 1937-43 for the index
of employment and pay rolls in the telephone industry are on p. 20 of the May 1945 Survey and data for 1937-43 for the telegraph industry are on p. 23 of the August 1946 issue; data
for 1939-41 for the other Department of Labor series on nonmanufacturing employment and pay rolls are on p. 31 of the June 1943 Survey. The index of railway employees has been
shown on a revised basis beginning in the May 1943 Survey; earlier revisions will be published later. Data beginning January 1942 for the series on average weekly hours in all manufacturing industries are available in the March 1943 and later issues of the Survey; revised data prior to 1942 have not been published in the Survey and will be shown in a later issue.
SUKVEY OF CUEKENT BUSINESS
S-12
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
January
March 1947
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
Average weekly hours per worker—Continued
U.S. Dept. of Labor, all manufacturing—Continued
Nondurable goods industries—Continued
Chemical and allied products—Continued
Products of petroleum and coal*
hours
41.7
39.3
40.4
40.4
40.3
41.6
40.8
40.0
40.3
40.
39.6
40.0
40.3
40.2
40.2
40.
40.9
40.8
39.8
39.8
39.5
40.0
Petroleum refining*
-. do
39.7
40.0
39.4
40.3
39.4
39 2
41.
41.7
40.8
39.3
39 4
40.6
Rubber products*
do
40.8
40.1
38.7
38.7
37.7
38.2
40.
39.9
37.4
37.4
39.6
39.0
38.6
38.0
Rubber tires and inner tubes*
do __
Nonmanufacturing industries (U. S. Dept. of Labor):*
38.2
37.2
37.3
37.5
37.5
38.2
38.2
38.2
38.7
38.8
Building construction
hours 37.7
»38.
Mining:
39.2
41.2
38.6
41.7
37.7
36.4
41.0
38.2
31.7
37.9
35.7
40.
Anthracite
do
26.4
45.5
45.9
27 3
42.9
46.
B ituminous coal
. . . do _. _
43.3
43.4
41.8
36.0
42.8
'41.7
r
42.
41.1
41.0
39 2
39 6
40.9
40.6
41.0
39 8
Metlaliferous
do
36 8
42.0
40 8
45.1
46.3
44.3
45.
43.3
44.1
45.4
46.5
46.1
46.1
'45.4
Quarrying and nonmetallic
-. do
45.7
41.2
40.4
39.9
41.1
40.7
39.5
41.7
Crude petroleum and natural gas
do
40.7
40.8
40.7
40.9
40.
Public utilities:
42.4
41.3
41.9
42.7
41.6
41.6
41.5
41.6
41.0
41.6
41.
Electric light and power _
do
40.9
49.4
49.2
47.5
'47.7
49.2
49.3
48.4
47.3
49.2
49.0
48.6
47.
Street railways and busses
do
44.4
44.2
45.2
45.4
43.5
43.
Telegraph
do._.
44.1
43.7
44.5
44.8
44.0
43.8
40.2
39.3
39.5
39.4
38.5
39.1
Tele phone
_.
_..do.__
39.3
39.3
40.7
39.7
40.1
38.
Services:
43.4
42.9
42.2
43.1
42.9
43.2
Dyeing and cleaning
_. do
42.5
44.0
42.6
41.9
42.
43.8
43.3
43.5
43.1
43.4
42.9
43.0
43.
43.5
43.3
43.0
42.6
Power laundries
do
43.6
Trade:
40.5
41 3
40.9
'40.1
Retail
do
40 4
40 3
41 3
39 6
40 5
40 5
40 9
40.
41.9
41.4
41.7
41.9
42.
Wholesale
. do
41.7
41 4
41.8
41.6
41.8
41.9
41.8
Industrial disputes (strikes and lockouts): •
Beginning in month:
325
275
420
495
380
525
515
450
Work stoppages .
number. 375
450
310
(
Workers involved. _.
thousands..
165
290
1,400
560
175
190
380
130
240
575
450
In effect during month:
735
4
500
505
690
875
845
835
770
750
Work stoppages
number. .
725
570
925
535
Workers involved
thousands
1,100
1,200
405
450
5
1,750
1,500
370
620
410
13, 825
Man-days idle during month
do __
12, 360
4,475
3,425
5,000
4,500
19, 750
23.000
15, 550
3,300
4,750
3,0
U. S. Employment Service placement activities:
421
532
547
412
359
457
522
366
461
479
530
3
Nonagricultural placements t
thousands. _
440
Unemployment compensation (Social Security Board):
1 (
774
682
Initial claims*
thousands..
1,234
541
946
980
1,120
761
699
580
1620
8
1
4,141
7,464
3,895
Continued claimsO
do. _ _
6,486
5,504
4,604
7,327
6,649
5,395
3, 491 1 4,0
8,258
Benefit payments:
1
1 7;
839
i 764
1,624
1 621
1,592
1 402
1.315
Beneficiaries, weekly average
. -do
1,174
1,069
980
698
Amount of payments
thous. of doL.
63, 216 i 64, 430 1 54, 076 1 59,3
133, 246 120, 727 127, 013 110, 672 103, 889
92, 982
88,480
78,047
Veterans' unemployment allowances:*
413
Initial claims
thousands. __
741
602
449
801
690
602
657
405
1,030
980
5*
7 353
4,900
4 594
7 690
6 982
7 147
6,128
5 853
7 685
7 828
3 743
4 3^
Continued claims
do
Number receiving allowances, weekly average__do
695
1,507
2 1, 650 2 1, 304 2 1, 019
1,071
1, 626 2 1, 783 2 1, 744 2 1,720
2 877
2 9.
21,168
Amount of payments. _
thous. of dol__
83, 322 112,195 148, 958 160, 071 155,175 150, 063 152, 648 148,016 124,082 100, 380
74,421
81,9(
Labor turn-over in manufacturing establishments:^ 1
8.5
7.4
7.1
6.8
Accession rate
monthly rate per 100 employees-7.1
6.7
7.0
5.7
6.8
6.7
4
6.1
6.3
6.9
6.3
Separation rate, total...
..do
6.6
4.9
6.3
6. 3
5.8
4
6.8
6.6
5.7
.4
.4
.4
.4
.4
.4
.4
Discharges
do
.5
.5
.3
.4
Lay-offs... _.
_
do_._
1.5
.6
.7
1.8
1.8
1.0
.7
1.4
1.2
1.0
1.7
2
Quits
.do...
4.3
4.2
4.3
4 2
4.6
5.3
5.3
4.7
3 9
37
4 0
.2
.2
.2
.2
.2
.2
.2
.1
.2
.2
.2
Military and miscellaneous
do_ - _
PAY ROLLS
Production-workers pay rolls, unadjusted index, all
232.9
284.1
manufacturing (U. S. Dept. of Labor) f -1939=100249.2
261.2
278.3
' 286. 4
229.2
210.5
247.8
'291.8
257.1
300
313.9
Durable goods industries
. . do
267.3
236.8
266.6
280.7
'318.5
243.0
199.6
307.0
'321.6
287.7
328
Iron and steel and their products
do
263.2
127.2
211.7
221.4
238.1
255.8
263.2
265
216.1
231.3
231.6
270.0
Blast furnaces, steel works, and rolling
181.5
206.3
mills
1939=100.
173.2
193.3
175.8
203.2
47.6
191.8
193
182.0
204.0
208.7
"Rlfiotrical machinery
do .
224.1
365.1
393.1
311.5
333.9
338.3
382.7
414
302.6
211.1
286.1
400.6
Machinery, except electrical
. do
277.9
333.5
362.2
301.6
310.8
329.5
373.5
375.5
384
297.5
348.8
255.3
283.5
239.4
299.4
314.2
322.3
333.5
Machinery and machine-shop products
do
272.8
258.0
296.4
336.8
346
290.1
Machine tools X
do
258.2
256.8
259.6
262.3
281.4
285.5
291.9
262 3
261.4
270. 4
282.7
287
166.9
142.4
241.7
282.2
307.4
318.2
'312.3
Automobiles _
do
153.5
232.7
250.5
'315.8
324
504.9
559.1
538.5
Transportation equipment, except autos - do __
491.5
558.1
538.3
537.5
' 522.4
'511.5
507.0
533.0
550
565.9
663.9
553.2
640.8
Aircraft and parts (excluding engines) X
do
514.3
520.7
524.0
585.5
605.6
' 681. 3
683
' 680. 4
384.4
469.2
468.9
Aircraft engines X
. do __
369.1
457.8
469.4
498.3
507.8
530.2
356.6
477.6
527
602.5
530.4
548.5
555. 2
498.5
483.4
421.5
352.5
Shipbuilding and boatbuilding^
do
468.8
' 353.7
397
' 336. 8
264.9
271.4
292.9
312.4
247.8
319.6
Nonferrous metals and products
_ do...
256.1
228.7
326.3
344
' 332.5
287.8
Lumber and timber basic products
do
234.5
248.2
261.8
219.9
270.8
307.1
306.9
'314.5
207.7
281.0
' 306.9
312
147.2
118.2
123.0
131.9
139.8
151.7
170.8
168.1
' 169. 6
Sawmills (incl. logging camps)
do_._
158.1
'163.5
162
192.9
212.3
Furniture and finished lumber products
do _
200.4
223.5
222.1
239.3
243.4
252.7
209.0
214.6
' 256. 8
266
Furniture
do
194.2
169 3
184 3
189.7
212.1
176 7
188 3
196 2
209.7
220 3
223 0
230
Stone, clay, and glass products
do .
185.4
217.2
224.1
204.6
226.0
235.7
253.2
259.8
267.4
235.0
264.0
274
231.4
Nondurable goods industries.
do__.
229.2
229.4
235.4
254.9
215.7
221.3
250.2
255.1
234.0
' 262. 6
272
Textile-mill products and other fiber mfrs
do
203.7
212.6
215.8
214.8
237.2
242.9
190.7
218.6
214.7
231.0
247.9
255
242.3
246.3
244.3
275.5
Cotton manufactures, exc. small wares - . do __
248.2
246.1
281.7
217.0
230.0
293.5
301
285.4
Silk and rayon goods
do
149.4
166.5
166.9
181.4
158.3
163.6
166.8
166.3
180.9
189.3
191.4
197
Woolen and worsted manufactures (except dyeing
and
finishing)
1939= 100.
226.9
234.2
238.5
237.7
234.1
238.5
206.6
228.6
242.7
243.7
242.7
253
Apparel and other finished textile products do
240.2
263.6
263.5
258.8
263.3
244.7
277.5
288.2
228.0
288.9
288.5
298
174.1
Men's clothing
do .
175.6
148.0
158.1
181.2
166.8
182.7
186.8
189.4
170.0
206.7
210
149.4
153.3
169.6
Women's clothing
do...
172.6
163.1
141.3
159.0
169.8
170.5
176.0
154.2
159
194.5
203.9
Leather and leather products
do...
185.2
202.1
203.1
198.2
203.4
197.3
203.3
198.1
201.0
216
174.1
185.3
175.4
Boots and shoes
do . .
184.6
182.4
164.0
182.7
183.0
175.4
177.6
' 177.6
194
215.0
205.4
201.9
211.5
206.6
231.5
250.3
242.7
Food and kindred products.. _
. .
do
205.0
228.6
259
248.1
181.2
179.3
170.8
Baking
do .
182.8
168.8
178.5
184.1
180.1
187.5
190.8
199.0
209
149.2
144.1
149.8
181.9
Canning and preserving
do __
136.6
132.1
325.8
387.4
466.8
212.9
324.7
199
181.4
199.4
191.1
180.9
179.9
Slaughtering and meat packing
do...
217.9
167.4
202.3
118.2
110.5
215.7
236
r
Revised. JSee note marked " § " on p . S-10. O Small revisions in the data for January 1940 to May 1944 are available on request, i Partly estimated.
* Continued claims filed during week ended the last Saturday of the month; average number receiving payment has been discontinued.
• 1946 data are preliminary estimates. The series for "in effect during the month" continue data published in the Survey through the July 1944 issue. They include data for
stoppages beginning in the month and those continuing from previous months; data for 1944-45 are shown on p . 23 of December 1946 Survey.
d" Rates refer to all employes rather than to wage earners and are therefore not strictly comparable with data prior to 1943 published in the Survey.
*New series. Data on average hours for the telephone industry for 1937-43 are on p . 20 of the May 1945 Survey (see note for hours and earnings in the telephone industry at the
bottom of p. S-13of April 1946 Survey regarding a change in this series in April 1945) and data for the telegraph industry beginning June 1943 (the earliest available) are given in note on
p. S-ll of the January 1945 issue; data beginning March 1942 for all other series on average hours are available in the May 1943 Survey and data back to 1939 will be published later.
The new series on veterans' unemployment allowances relate to readjustment allowances payable under the Servicemen's Readjustment Act of 1944; data beginning September 1944
for these series and beginning 1939 for initial unemployment compensation claims will be shown later (see note in April 1946 Survey for definition of initial claims).
fRevised series. Data beginning June 1942 for nonagricultural placements are available in the August 1943 Survey; earlier data will be published later. For information regarding
the revised indexes of production-worker pay rolls in manufacturing industries, see note marked "f" on p . S-10.
March 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Survey
January
S-13
1946
1947
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Production-workers pay rolls, mfg. unadj.!—Con.
Nondurable goods industries—Continued
Tobacco manufactures
1939=100Paper and allied products
do.
Paper and pulp
do_
Printing, publishing, and allied industries do_
Newspapers and periodicals*
do Printing, book and job*
do.
Chemicals and allied products
do
Chemicals
_.do
Products of petroleum and coal__
do
Petroleum refining
do
Rubber products
do
Rubber tires and inner tubes
do
Nonmanufacturing, unadjusted (U. S. Dept. of Labor):
Mining:!
Anthracite
...-1939—100Bituminous coal
do
Metalliferous
do
Quarrying and nonmetallic
do
Crude petroleum and natural gas!
do
Public utilities:!
Electric light and power
do
Street railways and busses.
do
Telegraph
do
Telephone
do
Services:!
Dyeing and cleaning
do._Power laundries
do
Year-round hotels
do
Trade:
Retail, total!
do....
Food*
do.—
General merchandising!
do
Wholesale!
do-...
Water transportation*
__
do
166.7
221.7
198.4
165.7
143.5
188.8
285.2
276.8
220.9
210.6
290.1
272.6
165.2
226.2
203.6
171.2
148.9
193.9
284.7
272.5
221.3
217.4
292.1
271.9
171.3
233.3
208.1
177.2
154.4
200.0
290.0
276.3
231.0
217.9
302.8
281.1
174.6
235.9
209.9
178.9
157.8
199.9
291.2
282.7
232.7
221.3
324.9
312.9
181.1
237.4
212.7
179.5
160.9
197.0
283.8
277.8
228.2
221.5
327.6
314.2
184.1
244.4
216.7
184.2
162.0
204.6
285.1
283.0
236.0
223.3
337.2
318.3
178.3
243.8
218.4
186.0
163.7
209.1
286.9
289.2
244.3
228.0
327.2
304.3
186.2
253.9
227.8
190.5
168.8
210.4
290.5
288.0
246.3
228.7
343.2
311.2
196.0
257.1
228.0
195.2
175.6
215.8
298.3
289.6
250.3
232.7
370.9
348.9
207.4
265.8
234.9
200.3
178.9
220.8
303.5
294.0
245.8
228.2
368.5
346.1
212.7
273.9
240.2
205.5
182.0
227.9
311.8
301.3
245.7
226.9
385.1
360.3
222.0
281.7
244.8
214.9
189.7
239.4
322.1
313.4
246.6
233.2
402.3
371.5
149.3
209.9
118.0
150.9
139.0
178.3
222.8
92.8
157.2
142.0
178.5
230.9
102.1
172.6
144.4
165.1
26.0
102.0
192.5
144.0
180.4
97.4
106.4
189.9
145.4
182.7
243.8
126.9
207.7
147.1
156.5
198.4
132.4
213.6
151.3
193.3
241.0
145.2
225.1
152.6
194.0
234.9
147.0
227.9
r 149. 5
199.9
237.1
148.0
227.6
150.1
182.3
233.1
r 146.9
222.4
' 155.3
212.3
258.3
159.3
221.3
151.9
133.7
181.4
155.3
205.2
138.3
187.2
176.9
230.7
140.4
187.2
177.1
237.0
142.5
191.4
179.5
246.1
144.2
195.2
175.6
254.0
148.4
199.5
174.9
259.9
150.2
206.7
178.6
268.8
152.4
211.2
178.5
267.6
153.3
207.9
177.3
265.0
155.3
212.6
r 201. 7
161.6
213.6
269.2
157.6
210.9
194.2
273.0
201.7
178.7
196.4
199.1
177.0
199.8
213.4
181.3
201.1
231.0
183.3
201.1
227.0
186.2
204.6
236.6
190.9
205.0
231.3
193.3
204.9
216.9
188.4
208.9
225.6
188.7
209.5
225.7
189.8
' 214. 5
217.0
191.5
r 218. 5
219.5
201.0
218.8
154.9
159. 7
165.8
161.2
575.3
157.1
161.7
165.5
165.0
577.3
160.9
163.9
173.3
167.5
550.6
167.8
165.7
186.2
169.8
509.0
166.2
166.1
180.5
169.6
486.3
171.3
170.0
188.8
172.6
467.4
172.6
171. 5
187.1
174.5
490.1
174.6
177.2
188.1
177.3
478.8
180.8
173.5
199.0
182.8
182.5
174.6
'204.8
184.5
i 422.6
191.5
185.6
225.0
189.7
211.1
194.6
272.4
197.2
0)
264.5
WAGES
Average weekly earnings, manufacturing industries:
48.74
49.79 ' 50.14
49.14
Natl. Ind. Con. Bd. (25 industries)
dollars..
44.62
46.16
47.64
50.54
46.44
46.92
43.56
47.20
U. S. Dept. of Labor, all manufacturing!
do
41.15
42.51
44.99 r 45. 39 r 45. 73 r 45.78 r 46. 86
v 46. 79
42.88
43.38
40.58
42.15
43.31
Durable goods industries
do
43.67
45.10
45.71
48.02
48.36 ' 48.90 •• 48. 60 r 49. 51
42.57
46.32
46.24
44.79
*49.20
44.95
45.74
Iron and steel and their products!
do
49.62
49.29 ' 49.86
42.45
47.28
46.74
48.78
46.80
49.90
46.80
Blast furnaces, steel works, and rolling
49.84
50.39
50.28
44.93
47.85
36. 75
48.93
48.57
46.16
'50.82
48.59
46.98
mills!
dollars.47.49
48.31 r 48. 28 r 48. 28
43.52
45.59
41.49
41.81
44.03
43.99
49.22
45.72
Electrical machinery!
do
50.99
51.74 r 52. 57 r 52.06
47.84
49.76
47.53
48.82
48.94
48.32
52.80
50.04
Machinery, except electrical!
do
51.15
51.05
47.81
49.49
51.91
47.91
48.29
49.26
47.86
52.62
49.70
51.38
Machinery and machine-shop products!_do
54.07
54.45
53.07
62.44
55.61
52.19
52.92
51.92
52.01
56.62
53.86
55.63
Machine tools
do
53.80
53.37 ' 53. 41 ' 53. 71
46.19
51.15
43.01
46.75
48.72
48.05
55. 44
49.32
Automobiles!
do
53.91
52.65 ' 54.32
49.29
53.70
48.09
50.51
52.50
52.09
55.34
53.32
52.35
Transportation equipment, except autos___do
53.84
53.73 r 53.81
48.84
53.01
49.91
50.53
51.68
51.63
53.53
52.55
52.53
Aircraft and parts (excluding engines)
do
56.08
56.93 ' 57. 31
51.48
54.72
53. 43
52.80
54.08
55.26
56.83
55.91
50.81
Aircraft engines*
do
54. 41
50.91 ' 53. 96
49.44
55.20
47.61
51.32
53.43
52.79
57.09
53.99
51.42
Shipbuilding and boatbuilding
do
48.00
48.55 ' 48.92 ' 49. 27
46.13
46.68
47.13
46.92
47.29
47.18
50.49
47.61
Nonferrous metals and products!
do
38.78
38.73 ' 39. 21 r 37. 74
32.15
35.60
33.52
34.88
35.34
36.01
38.73
37.62
Lumber and timber basic products!
do
37.75
37.69 r 37.84 ' 36. 37 36.97
30.58
34.66
31.91
33.47
34.02
34.71
36.56
Sawmills (incl. logging camps)
do
40.09
40.86 r 41. 73 r 46. 62
36.07
38.37
36.86
37.78
38.21
37.88
42.54
38.73
Furniture and finished lumber products!—do
40.85
41.62 r 42. 42 r 42. 41
36.56
38.80
37.46
38.46
39.16
38.87
42.86
39.31
FurnitureJ
do
43.23
44.03 r 44. 46 r 44. 87
38.33
41.80
39.76
40.98
41.47
41.00
45.91
42.01
Stone, clay, and glass products!
do
41.89
42.34
38.75
40.46
r
42.
45
39.01
39.83
40.13
39.93
r
44.14
40.28
42.86
Nondurable goods industries
do
P44.29
Textile-mill products and other fiber
32.44
37.54
38.09
34.69
34.98
34.80
35.02
37.00
38.38
39.26
33.76
34.76
manufactures!
dollars..
Cotton manufacturers, except small wares!
36.85
36.14
31.79
31.58
31.64
34.81
35.35
35.57
29.01
30.14
31.75
31.36
dollars
39.53
32.42
34.74
35.11
34.94
37.42
38.67
38.69
33.74
35.10
34.64
37.20
Silk and rayon goods!
do...
Woolen and worsted manufactures
41.67
38.52
41.04
41.29
41.67
42.96
42.44
31.81
41.63
41.18
42.40
41.88
(except dyeing and finishing)! ___dollars.Apparel and other finished textile products!
37.24
33.24
35.92
35.28
36.68
36.55
37.25
33.70
36.48
36.01
35.23
33.83
dollars
41.95
33.88
37.50
37.68
38.89
41.39
39.14
34.94
38.11
37.04
38.18
35.84
Men's clothing!
do...
43.84
42.95
46.29
45.10
46.25
43.21
47.82
42. 50
47.45
46.83
44.02
42.67
Women's clothing §
do_.
39.85
36.03
37.58
37.35
37.09
37.19
37.47
36.69
36.74
37.37
37.34
36.46
Leather and leather products!
.do...
38.65
34.71
36.97
36.77
35.65 ' 35. 76
36.18
35.99
35.17
36.67
36.14
35.38
Boots and shoes
do_.
46.94
41.37
40.76
40.70
43.85
43.59
40.93
44.34
40.47
41.09
43.22
44.83
Food and kindred products!
do_47. 55
40.95
41.74
41.14
45.45
44.60
41.15
44.63
41.49
41.42
43.81
46.01
Baking
do..
37.87
33.86
35.48
34.64
40.82
41.50
33.18
41.12
33.71
35.78
38.89
35.31
Canning and preserving!
do..
51.73
46.68
42.77
43.99
43.06
41.11
43.23
48.37
42.56
43.05
48.05
51.15
Slaughtering and meat packing
do -..
38.12
32.36
32.48
33.52
36.47
35.25
31.98
34.16
32.95
33.83
33.24
36.66
Tobacco manufactures!
do__
46.90
41.17
42.03
42.10
*
45.61
44.57
41.15
44.26
41.97
42.74
43.12
r 46.09
Paper and allied products!
do...
50.05
44.08
44.87
45.20
49.05
47.55
44.34
47.56
44.80
45.34
46.06
49.48
Paper and pulp
do-_
Printing, publishing, and allied industries!
56.90
51.09
51.73
51.79
53.96 ' 54. 28 r 55. 01
49.36
50.93
51.10
53.01
49.80
dollars.
62.56
60.28
55.63
56.08
66.62
60.04
60.81
52.95
54.86
56.07
58.09
53.67
Newspapers and periodicals*
do_.
54.77
51.50 r 52. 60
49.18
49.82
50.03
51.50
48.18
49.51
48.77
50.83
48.30
Printing, book and job*
do...
47.14
43.28
43.95
44.67
45.41 r 45.50
45.88
42.61
42.94
43.31
44.91
42.53
Chemicals and allied products!
do
54.15
50.58
50.69
52.09
52.61
52.96
50.66
50.25
50.29
51.81
49.91
52.87
Chemicals
_.do.
55.04
53.27
53.34
54.19
55.25 r 54.38 ' 54. 49
52.06
53.30
52.80
54.36
53.45
Products of petroleum and coal!
do.
58.55
56.61
56.46
57.02
58.35
54.59
55.86
56.49
57.10
56.25
57.32
57.11
Petroleum refining
do.
54.73
49.67
50.45
50.60
53.69
46.71
46.46
49.82
51.03
46.05
51.74
52.98
Rubber products!
do.
60.55
54.77
54.82
56.11
59.89
50.29
49.72
54.72
55.42
49.21
57.38
58.87
Rubber tires and inner tubes..
do.
r
l
Revised.
*> Preliminary.
Beginning October 1946, data relate to the end of the preceding month. Data for the week ending September 15th are not available.
JSample was changed in November 1942; data are not strictly comparable with figures prior to that month.
§Sample was changed in July 1942; data are not strictly comparable with figures prior to that month.
*New series. Indexes of pay rolls beginning 1S39 for retail food establishments and 1940 for water transportation are shown on p. 31 of the June 1943 Survey. Data beginning
1932 for the newspapers and printing, book and job, industries will be published later; see November 1943 Survey for data beginning August 1942. Data for the aircraft engine industry
beginning 1939 will also be published later.
!Revised series. See note marked " ! " on p. S-10 regarding revisions in the indexes of pay rolls in manufacturing industries and reference to revised data and note marked " ! ' ' on
p. S-ll for reference to revised data for pay rolls in nonmanufacturing industries. The indicated series on average weekly earnings and average hourly earnings (p. S-14) have been
shown on a revised basis beginning in the March 1943 Survey (see note in that issue for an explanation of the revision); data prior to 1942 have not been published in the Survey
and will be shown in a later issue; there were no revisions in the data for industries that do not carry a reference to this note.
SUEVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
January
March 1947
1946
January
February
March
April
May
Novem- December
June
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGE S—C ontinued
Average hourly earnings:
Natl. Ind. Con. Bd. (25 mfg. industries)
dollars..
U. S Dept. of Labor, all manufacturing f
do
..do . .
Durable goods industriest__
__
do
Iron and steel and their products f
Blast furnaces, steel works, and rolling millsf
do
Electrical machinery!
_
_
- d o -.
do
Machinery, except electrical!
Machinery and machine-shop productst do
do
Machine tools
do
Automobiles!
Transportation equipment, except autosi . do . . .
Aircraft and parts (excluding engines) . do
...do....
Aircraft engines*
Shipbuilding and boatbuilding
do
...do _._
Nonferrous metals and products!
—do.—
Lumber and timber basic products!
Sawmills (incl. logging camps)
do _
Furniture and finished lumber products!—do
Furniture
do
...do . . .
Stone, clay, and glass products!-.
do
Nondurable goods industries!
Textile-mill products and other fiber manufactures!
dollars-.
Cotton manufactures, except small wares!
dollars. .
Silk and rayon goods!-_
do
Woolen and worsted manufactures (except
dollars
dyeing and finishing)!
Apparel and other finished textile products!
dollars.Men's clothing!
_
. do .
Women's clothing §
—doLeather and leather products!-_
do .
Boots and shoes..
—doFood and kindred products!
do
Baking
—doCanning and preserving!
do
Salughtering and meat packing
—do—
Tobacco manufactures!
—doPaper and allied products!do
Paper and pulp
—doPrinting, publishing, and allied industrie st do
...do
Newspapers and periodicals*-.
Printing, book and job*
do
Chemicals and allied products!
...do . . .
Chemicals
do
Products of petroleum and coal!
_ do _.Petroleum refining
do
Rubber products!
do .
___do__-Rubber tires and inner tubes
Nonmanufacturing industries (U. S. Dept. of Labor)*:
Building construction
dollars
Mining:
Anthracite
do
Bituminous coal
__
do
Metalliferous
do
Quarrying and nonmetallic
do
Crude petroleum and natural gas
.„do—Public utilities:
Electric light and power
do
Street railways and busses
—doTelegraph
_
do do
Telephone t
Services:
Dyeing and cleaning* ._ _ _.
do
Power laundries*
do
Trade:
Retail..
do
Wholesale
do
Miscellaneous wage data:
Construction wage rates (E. N. R.):^
Common labor
dol . per hr__
do
Skilled labor .
Farm wages without board (quarterly),
dol. per month
Railway wages (average, class I)
dol . per hr__
Road-building wages, common labor:
do
United States average. -
v 1.156
v 1. 220
v 1.090
1.109
1.89
106. 00
.84
L. 107
1.004
L. 070
L. 095
1.129
1.002
1.064
1 084
1.146
1.035
1.103
1.169
1.165
1.058
1.131
1.186
1.180
1.071
1.147
1.190
1.189
1.084
1.165
1.206
1.194
1.093
1.177
1.216
1.217
1.112
1.186
1 222
1.229
1.126
1.201
1.241
1.231
1.130
1.202
1.239
1.243
1.139
1.210
1.247
1.247
' 1.145
1.212
1.248
L. 169
1.053
L 139
L. 123
L. 195
L. 230
L.231
L. 188
L. 258
L. 273
.066
.830
.804
.864
.882
.942
.941
(a)
1.029
1 147
1.129
1.206
1.248
1.234
1.222
1.268
1.278
1.091
.836
.810
.871
891
.967
.953
1.290
1.036
1.172
1.154
1.214
1.264
1.264
1.233
1.259
1.324
1.113
.848
.826
.888
.913
.985
.975
1.294
L.096
L 179
1.163
L. 220
L. 302
L. 316
L. 253
293
L. 389
.131
.856
.834
.903
.930
1.004
.988
1.290
1.131
1.204
1.180
1.251
1.325
1.333
1.268
1.339
1.403
1.149
.880
.860
.917
.943
1.019
.996
1.303
1.148
1. 223
L. 202
L. 277
1.347
L. 350
1.302
L.343
1.416
1.163
.908
.888
.927
.950
1.041
1.003
1.314
1.158
1.232
1.212
1.269
1.354
1.366
1.325
1.348
1.436
1.166
.910
.892
.937
.957
1.057
1.009
1 305
1.169
1 246
1 228
1.291
1 373
1.359
1.323
1.354
1.431
1.177
.928
.911
.957
982
1.063
1.036
1.325
1.185
1.260
1.238
1.300
1.385
1.356
1.323
1.357
1.426
1.192
.935
.915
.977
1.002
1.087
1.050
1.303
' 1.186
1. 266
1.245
1.306
' 1. 376
' 1. 359
' 1. 326
' 1.363
1.432
' 1.195
'.936
.913
'.990
' 1.014
1.096
' 1.056
' 1. 310
' 1.190
' 1. 272
1.249
1.317
' 1. 394
' 1. 364
' 1. 325
1.373
1.441
' 1. 203
'.931
'.906
'.999
' 1.024
'1.115
1.065
1.314
1.198
1.277
1.257
1.318
1.395
1.360
1.327
1.355
1.423
1.208
.923
.891
1.008
1.036
1.112
' 1.076
.803
.833
.858
.869
.873
.875
.877
.924
.940
.948
.955
.959
.724
.790
.753
812
.788
838
.799
845
.803
.849
.803
.850
.803
.858
.875
906
.888
.922
.892
.931
.898
.941
.900
.944
r
r
.922
988
999
1 010
1 014
1.014
1 017
1 024
1.034
1.037
1.038
1.039
.906
.912
1.166
.904
.877
.921
.904
.846
.961
.824
.928
.969
1.200
1.364
1 130
1.015
1 180
1.249
1.330
1.121
1.255
.922
947
1.168
.907
.890
.924
.913
.844
.939
.832
.937
.982
1.221
1.379
1 155
1.021
1 198
1.286
1.369
1 129
1.266
.961
.981
1.222
.917
.896
.943
.920
.859
1.051
.830
.957
1.001
1.235
1.400
1 166
1.033
1 211
1.307
1.383
1.138
1.275
.966
.993
1.234
.928
.904
.952
.930
.885
1.072
.830
.966
1.010
1.248
1.423
1.171
1.045
1 220
1.332
1.420
1.232
1.414
.956
.997
1.211
.942
.921
.961
.931
.887
1.087
.848
.983
1.030
1.266
1.443
1.186
1.064
1.234
1.342
1.419
1.266
1.446
.951
.999
1.191
.950
.923
.972
.945
.898
1.095
.846
.993
1.038
1.278
1.449
1.203
1.084
1.243
1.347
1.431
1.283
1.461
.941
.985
1.180
.954
.927
.986
.980
.904
1.115
.851
1.007
1.053
1.287
1.459
1 212
1.098
1 256
1.355
1.437
1.292
1.472
.986
1.009
1.263
.972
.945
1.015
.994
.976
1.116
.885
1.020
1.070
1.299
1.475
1 220
1.102
1 260
1 347
1.427
1 295
1.474
1.010
1.027
1.300
.982
.955
1.013
1.003
.960
' 1.144
.893
1.037
1.085
1.315
1.495
1.232
1.110
1.281
1.368
1.453
1.323
1.507
.997
1.024
1.266
.987
.960
1.035
1.042
.983
1.147
.905
1.500
1.102
1.325
1.511
1.238
' 1.102
1.278
1.347
1.428
1.313
1.492
.999
1.086
1.209
1.004
.978
1.047
1.045
.953
1.137
.924
' 1. 065
1.111
1.342
1.525
1.259
' 1.112
1.288
' 1. 351
1.429
1.322
1.503
1.007
1.089
1.223
1.017
.995
1.058
1.051
.985
1.119
.947
1.071
1.119
1.373
1.567
1.292
1.133
1.316
1.374
1.451
1.330
1.509
1.402
1.422
1.411
1.423
1.431
1.444
1.473
1.482
1.510
1.526
1.549
1.569
1 339
1.259
1 036
.907
1.257
1 376
1 263
1 059
.913
1.284
1 376
1 274
1 071
.930
1.308
1 352
1 239
1 090
.959
1.293
1.382
1.321
1 133
.967
1.287
1 559
1.474
1 180
.994
1.322
1 562
1.457
1 205
1.004
1.311
1 598
1 466
1 212
1 016
1.307
1.611
1.480
1.221
1.042
1.334
1.593
' 1.460
1.210
1.047
1.308
1.582
' 1.477
' 1. 219
' 1. 045
1.336
1.613
1.491
1.232
1.052
1.353
1 177
1.007
.813
1.030
1 195
1.011
.833
1.095
1 222
1.001
.851
1.105
1 219
1.025
.886
1.131
1.236
1.049
.905
1.143
1.275
1.053
.908
1.147
1 258
1.097
.910
1.135
1 260
1.099
910
1.129
1.291
1.110
.914
1.148
1.284
' 1. 130
1.067
1.137
1.302
' 1.125
1.063
1.131
1.337
1.142
1.062
1.132
.793
.675
.793
.675
.815
.684
.833
.688
.831
.703
.834
.703
.826
.698
.832
.693
.839
.708
.854
.708
.854
.729
.867
.739
.828
1 070
.835
1 095
.841
1 101
.851
1 121
.859
1 135
.876
1 146
.888
1 155
893
1 148
.908
1 179
'.907
1.172
.918
1 186
.919
1 202
.953
1.70
.968
1.73
.988
1.74
1.004
1.76
1.018
1.77
1.034
1.80
1.058
1.81
1.071
1.82
1.072
1.85
1.073
1.85
1.078
1.86
1.085
1.86
95. 30
.953
.973
.949
97 40
1.065
1.091
1.139
106. 00
1.136
1.130
1.155
104. 00
1.132
1.146
1.15C
.69
.75
.75
.76
.78
.81
.86
.84
.86
.83
.80
.87
PUBLIC ASSISTANCE
Total public assistance
mil. of dol..
Old-age assistance, and aid to dependent children and
the blind, total
mil nfriol
Old-age assistance
do
General relief _ _ _ . _ . do
*116
90
92
93
93
94
95
96
97
99
107
110
114
*103
*78
»13
81
64
9
82
64
10
83
65
10
84
65
9
85
66
9
85
66
9
86
67
9
87
68
10
89
69
10
94
74
11
99
76
11
102
77
15
' Revised. » Preliminary. § Sample was changed in November 1942; data are not strictly comparable with figures prior to that month.
° The average for workers who were employed in February was $1,217; this average is affected by strike conditions, see note in the February 1947 Survey.
•aThe comparability of the series was affected by a change in the data in July 1945; see January 1946 Survey for June 1945figureson both the old and the new basis.
X Data beginning April 1945 are not comparable with earlier data; see note for hours and earnings in telephone industry at the bottom of p. S-13 of the April 1946 Survey.
1 Rates as of February 1,1947: Construction—common labor, $1,123; skilled labor, $1,919.
*New series. Data on hourly earnings for 1937-43 for the telephone industry are shown on p. 20 of the May 1945 Survey (see also note marked "X" above regarding a change in the
data in April 1945) and data for the telegraph industry beginning June 1943 are on p. S-14 of the January 1945 issue. Data on hourly earnings beginning March 1942 for the other
nonmanufacturing industries and beginning August 1942 for the printing and publishing subgroups are available, respectively, in the May 1943 and November 1943 issues, and data
back to 1939 will be published later.
tRevised series. See note marked " ! " on p. S-13.
SURVEY OF CURRENT BUSINESS
March 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
January
S-15
1946
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
FINANCE
BANKING
Agricultural loans outstanding of agencies supervised
by the Farm Credit Administration:®
Total
mil. of dol..
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives, total
do
Banks for cooperatives, incl. central bank..do
Agr. Marketing Act revolving fund
do
Short term credit, total
do
Federal intermediate credit banks t
do
Production credit associations
do
Regional agricultural credit corporations-..do
Emergency crop loans
do
Drought relief loans
do
Bank debits, total (141 centers)!
do.._.
New York City
do....
Outside New York City
do
Federal Reserve banks, condition, end of month:
Assets, total
do
Reserve bank credit outstanding, total
do
Bills discounted
do
United States securities
._
do
Gold certificate reserves®
do
Liabilities, total
do
Deposits, total
do
Member bank reserve balances
do
Excess reserves (estimated)
do
Federal Reserve notes in circulation
do
Reserve ratio
percent..
Federal Reserve weekly reporting member banks, condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
___
mil. of dol..
Demand, except interbank:
Individuals, partnerships, and corporations do
States and political subdivisions
do
United States Government
do
Time, except interbank, total
do
Individuals, partnerships, and corporations.do...
States and political subdivisions
do...
Interbank, domestic
do...
Investments, total
do
U. S. Government obligations, direct and guaranteed, total
mil. of dol.
Bills
do...
C ertificates
do _ _.
Bonds (incl. guaranteed obligations)
do...
Notes
do.__
Other securities
do...
Loans, total
do...
Commercial, industrial, and agricultural d o . . .
To brokers and dealers in securities
do...
Other loans for purchasing or carrying securities
mil. of doL
Real estate loans
do.._
Loans to banks
do...
Other loans
do.. _
Money and interest rates: «[
Bank rates to customers:
New York City
percent.
7 other northern and eastern cities
do...
11 southern and western cities
do. ..
Discount rate (N. Y. F. R. Bank)*
do.._.
Federal land bank loanscf
do._.
Federal intermediate credit bank loans
do...
Open market rates, New York City:
Prevailing rate:
Acceptances, prime, bankers', 90 days
do...
• Commercial paper, prime, 4-6 months- . do
Time loans, 90 days (N. Y. S. E.)
do__.
Average rate:
Call loans, renewal (N. Y. S. E.)
do...
U. S. Treasury bills, 3-mo
do_._
Average yield, U. S. Treasury notes, 3-5 yrs.:
Taxable*
do...
Savings deposits, New York State savings banks:
Amount due depositors
mil. of dol.
U. S. Postal Savings:
Balance to credit of depositors
do...
1,662
1,068
932
135
195
187
2
399
35
245
2
87
29
83,365
34, 305
49,060
1,770
1.236
1,022
214
161
156
3
373
29
208
5
97
33
80, 796
38,819
41.977
1,772
1,226
1,022
205
154
148
3
391
28
226
4
100
33
66, 708
30, 498
36, 210
1,776
1,209
1,015
194
144
138
3
423
29
252
4
105
33
79,119
35,670
43, 449
1.770
1,198
1,012
186
125
120
3
448
31
274
4
106
32
79, 330
37, 208
42,122
1,777
1,188
1,009
179
124
119
3
466
32
291
4
106
32
77, 518
35,085
42, 433
1,779
1,182
1,008
174
118
115
3
479
34
304
4
105
32
78,191
34,972
43, 219
1,770
1,169
1,001
168
124
118
3
477
33
305
4
104
32
82,374
37, 357
45, 017
1,751
1,151
989
162
130
125
2
470
32
302
3
102
31
73,900
30, 216
43,684
1,741
1,136
979
157
151
146
2
454
30
291
3
98
31
74, 552
31, 397
43,155
1,717
1,117
966
151
180
175
2
421
30
264
3
93
31
81, 583
33,913
47, 670
1,690
1,099
954
145
189
183
2
401
33
245
3
91
30
77,193
31,088
46,105
' 1,661
1,085
944
140
188
182
2
389
34
234
3
88
30
93, 547
41,252
52, 295
45,957
24,754
631
24, 387
43.0
44, 268
23.978
294
23,264
17,983
44,268
17,822
15,682
1,089
24,153
42.8
44,093
23,648
347
22,904
18,049
43, 487
17, 559
15, 537
1,014
24,131
43.3
43,889
23, 630
626
22,601
18,075
43, 277
17,659
14,853
627
23,993
43.4
43, 652
23, 357
279
22, 732
18,097
43,030
17, 451
15, 606
959
23,925
43.7
43,807
23, 518
254
22,932
18,092
43, 807
17, 365
15, 653
807
24,064
43.7
44,828
24,456
157
23, 783
18,103
44,828
18,206
16,123
1,112
24,191
42.7
44, 625
24,164
245
23,633
18,105
44, 625
17,906
15,991
856
24, 244
43.0
45,045
24, 748
331
23,946
18,098
45,045
18,294
16, 245
1,085
24, 412
42.4
44,813
24, 594
213
24,049
18,095
44,813
18, 060
15,910
725
24, 448
42.6
44,889
24,109
253
23, 518
18, 229
44,889
17,579
15,931
567
24, 583
43.2
45,647
24,791
316
23, 944
18,310
45, 647
18,083
16,513
1,063
24,799
, 42.7
45, 006
24,093
163
23, 350
18,381
45,006
17,353
16,139
'562
24,945
43.5
39, 902
38,026
37, 610
36, 553
38, 242
38,941
39, 241
39, 362
39, 303
39,237
39, 653
40,135
39,981
39,866
2,339
1,706
10, 448
10, 295
153
8,918
39,131
37,933
2,123
16, 227
9,566
9,416
106
10,162
53,021
37,741 • 36, 320 38,041
2,456
2,160 ' 2, 281
16, 481 • 14,008 12, 363
9,695 ' 9, 776
9,881
9,526 ' 9, 597 9,704
123
129
••131
9,533
10,056 ' 9, 659
52,970 • 49,975 49, 380
2,433
11,377
10,030
9,851
128
9.153
39, 374
' 2, 318
' 7, 665
• 10,132
'9,958
'121
r
9, 430
• 46,161
39,508
2,274
7,299
10, 214
10,020
139
9,374
45,750
39, 273
2,245
6,556
10,280
10,075
145
9,242
44,905
39, 418
2,370
4,680
10, 344
10,133
153
9,286
42, 631
39,851
2,308
4,640
10, 364
10,159
145
9,235
42, 461
40, 638
2,270
3,524
10,380
10,158
162
9,148
41, 243
40,922
2,269
1,795
10, 321
10, 256
165
9,442
39,459
35, 636
392
5,245
26,903
3,096
3,495
16, 774
10, 499
1,140
49,648
1,742
12, 778
27,184
7,944
3,365
15,190
7,300
2,337
49, 511
1,517
12.860
27, 234
7,900
3,452
15,178
7, 382
2, 345
• 46, 529
'1,039
•11,345
• 27, 088
' 7,057
' 3, 437
• 15, 272
' 7, 506
' 2, 354
45,986
1,052
10, 608
27, 402
6,924
3,387
15,053
7,473
2, 204
45, 58b • 42,742 42,269
1,014 '1,026
773
10, 359 ' 9,905
9,605
27, 471 • 26,748 26, 936
6,742 ' 5,063
4, 955
3,390 '3,413
3,481
14,904 • 14, 888 14,912
7,482 '7,611
8,018
2,167 ' 1, 953
1,604
41, 463
758
8,762
27,089
4,854
3,442
15,078
8,496
1,371
39,088
679
6,547
27, 228
4,634
3,543
15, 477
9,164
1,253
39,044
660
6,729
27,183
4,472
3,417
16,093
9,759
1,208
37,859
741
5,641
27,045
4,432
3,384
16, 548
M0,143
1,325
36,029
886
5,202
26,902
3,039
3,430
16, 694
10, 269
1,375
2,687
1,107
56
1,703
2, 520
1,129
55
1,747
' 2, 334
' 1,157
'86
' 1, 835
2,224
1,195
91
1,866
1,696
1,367
172
1,976
1,455
1,424
127
2,054
1,343
1,473
188
2,122
1,233
1,513
146
' 2,188
1,118
1,563
67
2,302
1.00
4.00
1.50
1.00
4.00
1.50
1.85
2.43
2.76
1.00
4.00
1.50
308
23,941
18,627
45,957
18,928
16, 063
1,597
201
2, 339
2,113
1,228
74
1,840
' 1, 966
' 1,284
'154
'1,920
1,837
1,332
189
1,932
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.75
2.34
2.93
1.00
4.00
1.50
.81
1.00
1.50
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.47
.75
1.25
.50
.75
1.25
.59
.77
1.25
.71
.81
1.50
.81
.81
1.50
.81
.88
1.50
.81
.94
1.50
.81
1.00
1.50
1.38
.376
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.38
.375
1.38
.375
1.38
.375
1.38
.376
1.38
. 375
1.00
4.00
1.50
1.00
4.00
1.50
1.84
2.51
2.97
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.83
2.43
2.75
1.00
4.00
1.50
1.18
1.10
1.03
.99
1.12
1.18
1.15
1.13
1.14
1.22
1.24
1.22
1.22
9,232
8,357
8,419
8,502
8,560
8,634
8,762
8,825
8,875
8,919
8,958
9,013
9,159
3,331
2,981
3,013
3,043
3, 066
3,091
3,120
3,160
3,188
3,207
3,235
3, 260
3,277
' 7, 618 '7,911
2,789
2,908
1,004
1,035
318
336
206
210
295
299
16
17
61
63
108
110
' 8,007
' 3,030
'1,071
365
'212
299
21
63
111
'8,318
' 3,176
' 1,125
394
'221
308
23
64
115
' 8, 554
' 3,300
' 1,180
425
'235
311
25
65
119
' 8,890
3,466
1,263
466
257
322
27
66
125
' 9, 375
' 3, 655
' 1,359
505
'284
'337
'27
72
'134
9, 964
' 3, 992
'1,561
'544
'338
'366
'29
'124
' 160
CONSUMER SHORT-TERM CREDIT
Total consumer short-term debt, end of month*..do...
Instalment debt, total*
. do
Sale debt, total*
do...
Automobile dealers*
do___
Department stores and mail-order houses*.do.._
Furniture stores*
do...
Household appliance stores*
do...
Jewelry stores*
do. .
Allother*
do...
v 9, 790
p 4,059
v 1, 567
*>581
v 337
*>351
P28
P115
' 0, 427 ' 6, 534
2, 364
2,408
877
879
235
245
184
189
272
274
14
14
'62
66
101
100
T
6, 988 ' 7,376
2, 652
2,507
905
957
264
289
188
200
279
288
14
15
59
60
101
105
' Revised. ' Preliminary. § Includes open-market paper. \ For bond yields see p. S-19.
© Effective Nov. 1,1946, jurisdiction over the emergency crop and draught relief loans included above was transferred to the Farmers Home Administration.
X Excludes loans to other Farm Credit Administration agencies,
cf Rate on all loans: see note on item in April 1946 Survey.
® Effective June 12,1945, only gold certificates are eligible as reserves.
• A rate of 0.50 was in effect from Oct. 30,1942-April 24,1946, on advances to member banks secured by Government obligations maturing or callable in 1 year or less.
*New series. Data beginning December 1940 for the series on taxable Treasury notes are available on p. S-14 of the April 1942 and later issues of the Survey; since Dec. 15, 1945,
this series represents price of Treasury bonds of Dec. 15,1950. For information regarding the series on consumer credit see note marked "*" on p. S-16.
tBank
debits were revised in the September 1943 Survey toinclude additional banks; see p. S-15 of that issue for revised figures for May December 1942.
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
January
March 1947
1946
1947
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
FINANCE—Continued
CONSUMER SHORT-TERM CREDIT—Con.
Total consumer short-term debt—Continued.
Instalment debt—Continued.
Cash loan debt, total*
mil. of dol._
Commercial banks*
do
Credit unions
do
Industrial banks*
...do
Industrial loan companies*
do
Small loan companies
do
Insured repair and modernization loans*...do
Miscellaneous lenders*
do
Charge account sale debt*
do
Single payment loans*
do
Service credit*
do
Consumer instalment loans made by principal lending
institutions:
Commercial banks*
mil. of dol__
Credit unions
do
Industrial banks*
!
do
Industrial loan companies*
do
Small loan companies
do
2,492
*995
*102
P358
»2, 758
' 2,107
*>186
J>22
1,487
494
127
76
70
446
181
93
1,701
1,580
782
1,529
522
128
78
71
452
184
94
1,692
1,641
793
1,602
564
132
82
73
462
194
95
1,972
1,705
804
1,695
608
137
85
76
482
210
97
2,138
1,771
815
1,785
656
142
88
78
492
231
98
2,188
1,819
822
1,873
700
149
92
79
506
248
99
2,327
1,846
830
1,959
745
154
96
81
520
263
100
2,281
1,860
836
104
19
14
14
76
105
19
14
14
80
132
24
18
16
103
138
25
18
16
105
148
28
19
16
97
148
156
29
20
17
106
36, 502
5,152
574
4,578
667
1,514
28, 043
19,157
17,837
4,255
2,584
2,047
527
599
352, 397
49,026
26, 978
68, 278
208,115
36,660
5,138
573
4,565
656
1,507
28, 260
19,249
17, 937
4,290
2,595
2,126
275
824
350,147
42,063
22, 943
65, 579
219, 562
36,882
5,148
569
4,579
632
1,500
28, 367
19, 357
18, 035
4,298
2,563
2,149
383
852
390,879
43,661
24, 090
71,010
252,118
261, 549
120, 377
40, 344
8,294
21, 074
46,104
25, 356
221,902
104, 642
32, 587
7,179
15, 597
38,179
23, 718
254,135
116, 356
35, 793
7,987
16, 227
49, 559
28, 213
' 2,051
792
158
100
84
535
'280
102
2,418
1,883
841
2,120
825
164
103
86
544
295
103
2,495
1,911
2,203
864
170
108
90
555
312
104
2,621
1,950
853
2,298
907
175
112
'94
574
'328
106
2,859
' 2, 003
858
156
31
20
18
98
176
34
21
19
107
172
33
22
20
122
37,080
5,163
575
4,588
622
1,494
28, 545
19, 413
18,090
4,312
2,549
2,271
571
685
328, 586
40,283
21, 663
59, 268
207, 372
37,274 37, 552 37, 765 37,911
38,079
5,189
5,213
5, 226
5,255
5,289
581
587
590
592
592
4,608
4,626
4,636
4,663
4,697
608
602
601
594
597
1,488
1,484
1,479
1,475
1,475
28,823
28,927 29,069
29,504
29,335
19,551
19, 645 19, 688 19, 701 19, 754
18,239
18, 323 18,368
18,382
18,425
4,332
4,322
4,390
4,454
4,400
2,583
2,556
2, 536
2,522
2,531
2, 357
2,404
2,455
2,774
2,703
465
651
715
540
566
701
675
675
677
683
368, 987 368, 226 361, 400 343,080 352, 230
47, 047 38, 324 61,363
37, 944 38,807
21, 975 20,413
25,199
23, 085
25,233
66, 580 72, 043 63,947 63,834
71, 062
233, 385 237, 446 210, 891 216, 069 219, 276
38,281
5,317
593
4,724
591
1,474
29,642
19,673
18,343
4,493
2,527
2,949
550
707
350, 547
50, 716
25, 306
64, 910
209, 615
38,459
5,365
592
4,773
590
1,472
29, 678
19,558
18, 231
4,502
2,517
3,101
581
773
348,274
39, 224
22, 572
61,902
224, 576
236, 574
110, 072
34, 479
7,459
16, 278
38, 690
29, 596
235, 837 221, 997 225,877 216, 264 210,898
108,866 98, 789 106, 743 101, 276 93,979
35, 374 29,860 32, 923 28, 974 28, 773
7,584
8,120
7,334
7,438
7,496
16, 950 16, 964
16,904
17, 309 16,881
35, 604 38, 415
39, 253 44,063
36,694
25, 340 25,433
27,856 24, 538 25,140
235, 775
111, 755
35,899
7,996
17, 721
36,232
26,172
213, 743
99,258
31, 022
6,999
16,466
35, 226
24, 772
164
30
20
18
110
LIFE INSURANCE
Life Insurance Association of America:
Assets, admitted, totalJA
mil. of dol..
Mortgage loans, total
do
Farm
do
Other
do
Real-estate holdings
do
Policy loans and premium notes
do
Bonds and stocks held (book value), total
do
Govt. (domestic and foreign), total
do
U. S. Government
do
Public utility
do..._
Railroad
do
Other
do
Cash
„
do
Other admitted assets
:
do
Premium collections, total t
thous. of dol._
Annuities
do
Group
do
Industrial
do
Ordinary
do
Institute of Life Insurance:*
Payments to policyholders and beneficiaries,
total
thous. of doL.
Death claim payments
_._do
Matured endowments.
.do
Disability payments..!
do
Annuity payments
do
Dividends
do
Surrender values, premium notes, etc
do
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance):f
Value, total
thous. of doLGroup
do
Industrial
do___.
Ordinary, total
do
New England
do
Middle Atlantic
do___.
East North Central
do
West North Central
do
South Atlantic.:
do
East South Central
do
West South Central
do
Mountain
do
Pacific
do
414, 523
73, 068
37,833
69, 466
234,156
1,741,639 1,350,915 1,516,833 1,816,315 1,971,219
49, 780
88,416 113, 803 138,376
184,095
328, 518 275,647 307, 074 355, 691 359,324
1,229,026 1,025,488 1,121,343 1,346,821 1,473,519
94,184
78, 235
83, 573
99,114 109, 744
325, 519 288,146 311, 753 364,915 395, 030
278, 083 230, 310 247, 889 296,874 321, 302
117, 441
96, 091 100, 841 123, 992 135, 066
121,406 101,263 113,212 142, 648 159, 507
57, 384
36,008
41, 642
41,814
52, 013
70, 749
86, 870
87, 868
99,120 109, 597
43,983
29,107
32,159
38, 662
36, 348
95, 579 103, 404 129, 483 141,907
126, 363
1,956,796
145, 517
359, 369
1,451,910
103, 665
363,065
314, 327
136,475
158,822
59,598
121, 878
43, 772
150, 308
1,863,485
183,743
338, 999
1,340,743
95, 427
336, 659
290, 952
130, 779
145,156
55, 645
107, 384
40, 797
137,944
1,952,159
284,896
323,861
1,343,402
92, 405
327,627
292, 432
127,881
154, 781
54, 326
112, 081
42, 803
139, 036
1,796,758 1,710,536 1,796,548 1,648,423
200, 518 238,591 198, 701 162,146
323, 504 346,116 347, 220 343,113
1,272,736 1,125,829 1,250,627 1,143,164
87,873
73, 205
83, 318
76, 411
301,929 259,183 311,142 283, 614
282,453 249,867 273,028 253, 324
125, 687 112, 704 118,363 108, 934
142,193 128, 777 141,415 126,228
49, 697
47, 732
53, 232
44,003
95, 720
94, 957
108,188
88,917
41,644
38,138
37, 774
43, 087
132, 650 121, 266 131, 745 123.959
MONETARY STATISTICS
Foreign exchange rates:
.298
.298
.298
.298
.298
.298
Argentina
.
dol. per paper peso..
.298
.298
.054
.054
.052
.052
052
.054
.054
.052
.052
.052
.054
.052
Brazil, free cf
dol. per cruzeiro-.301
.302
.302
.301
.301
.302
.302
.302
.301
.302
.302
.302
British India
dol. per rupee_.907
.963
.951
.907
.907
.907
.968
.960
.908
.967
.952
.906
Canada, free rate§
dol. per Canadian doL.570
.570
.570
.571
.570
.570
.570
.570
.570
.570
'.571
.570
Colombia
_.
dol. per peso..
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206.
Mexico
.do
4.034
4.034
4.033
4.029
4.034
4.033
4.034
4.032
4.034
4.034
4.034
4.031
United Kingdom, free rate
dol. per £_.
Gold:
20,156
20, 232
20,305
20, 256
20, 251 20, 242 20, 270 20, 267 20, 280
20, 402
20,470
Monetary stock, U. S__
-mil of doL. 20, 748
12, 306 115,690 127, 485
196, 080 - 1 2 , 529 - 5 , 770
15, 090 27, 461 15, 010
Net release from earmark*
thous. of dol
19, 729
7,996 60,123
116
28,423
733
102, 593
467
361
28, 707
2,529
10,816
31,846
806
748
Goldexportsi
do..
7,889
82, 906
1,679
8,877 26, 027
24, 217
24,988
78, 636
85, 774 154,186
31, 757
37, 077
Gold imports!
do._
55,758
53,900 55,857
50, 981
59,463
50, 656
54, 749 57,193
60,795 ' 57, 221
Production, reported monthly, total ©
do-_
39, 086
38, 047 39, 959 39,101
36, 054
40,050 38, 949
37,802
34, 090
39, 286
Africa
do-.
8,346
8,338
8,013
8,412
8,384
8,677
8,203
8,047
8,429
8,092
8,092
Canada ©_
do..
3,984
3,336
3,283
3,158
3,993
3,639
3,416
6,798
5,930
4,900
8,310
United States 0
do._
T
Revised. *> Preliminary. JSee note on item in February 1947 Survey for number of companies reporting and percent of industry represented.
A71 In January 1944 one company was replaced by a larger one; for revisions October-December 1943 see December 1944 Survey; earlier 1943 revisions are available on request.
d See September 1946 Survey and earlier issues for official rate; the official market was abolished July 22,1946. Free rate prior to August 1945 is available upon request.
§The official rate for Canada was $0,909 from March 1940, when first quoted, through July 4,1946, and $1,000 thereafter; the average rate for July 1946 was $0,983.
^Publication of data was suspended during the war period; data for November 1941-February 1945 will be published later. • Or increase in earmarked gold (—).
© See notes in the April 1946 and August 1946 issues regarding revisions in the data for 1941-44 and January-May 1945.
*New series. Estimates of consumer short-term credit as originally compiled are published in the November 1942 Survey and the general estimating procedure is described in that
issue; data for various components have subsequently been revised; there have been recent minor revisions in the data for single payment loans and the total (dollar figures and index)
and earlier revisions that have not been published, as indicated in the note marked "*" on p. S-15 of the April 1946 Survey. See November 1942 Survey, p. S-16, for a brief description
of the series on payments to policy holders and beneficiaries and data for September-December 1941 and early 1942.
fRevised series. All series for insurance written are estimated industry totals and for group and industrial insurance are not comparable with data published prior to the March
1946 Survey (see note in that issue); data for 1940-44 for these series will be shown later; data for ordinary insurance continue the data from the Life Insurance Sales Research Bureau
published in the 1942 Supplement and subsequent monthly issues.
March 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
January
1947
S-17
1946
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
FINANCE—Continued
MONETARY STATISTICS—Continued
Money supply:
27,885
Currencv in circulation
mil. of dol
27,954
27,879
28,265
27,917
Deposits adjusted, all banks, and currency outside
banks, total*
mil of dol P165, 200 176, 500 177,300 173,600 174,400
Deposits, adjusted, total, including U. S. deposits*
mil. of dol_. P139, 100 150, 400 151, 200 147, 500 148,200
77, 500
Demand deposits, adjusted, excl. U. S.*
do
75,000
76,800
76.400
p 82, 200
50,700
Time deposits, including postal savings*_..do
49,000
50,100
49,800
p54.100
Silver:
119
ExportsA
thous. of dol
4,794
888
2,945
20,937
do
1,602
2.918
3,679
13 295
2,490
ImportsA
.708
.708
Price at New York •
dol. per fine oz._
.765
.708
.708
Production:
1,056
Canada
thous. of fine oz
1,042
1,166
1,205
344
do
513
United States
1,495
2,153
PROFITS AND DIVIDENDS (QUARTERLY)
Industrial corporations (Federal Reserve): cf
Net profits, total (629 cos.)
mil. nf dol
323
22
Iron and steel (47 cos )
do
* 19
Machinery (69 cos.)
do
Automobiles (15 cos.)
do
(2) '(<*)
Other transportation equip (68 cos )
do
20
Nonferrous metals and prod. (77 cos.).
do
12
Other durable goods (75 cos )
do
65
Foods, beverages and tobacco (49 cos.)
do
56
Oil producing and refining (45 cos )
do
63
Industrial chemicals (30 cos )
do
62
Other nondurable goods (80 cos )
do
Miscellaneous services (74 cos )
82
do
Profits and dividends (152 cos.):*
Net profits
116
do
Dividends:
Preferred
20
do
Common
146
do
196
Electric utilities, net income (Fed. Res )*
do
do
13.7
Railways, class I, net income (I. C. C.)
Telephones, net operating income (Federal Communica72.7
tions Commission)
mil of dol
PUBLIC FINANCE (FEDERAL)
U. S. war and defense program, cash expenditures, cumulative totals from June 1940:*
mil. of dol
348, 650 326,961 329, 773 332,432 334,995
U. S. Savings bonds:*
48,849
Amount outstanding
. . . __
48, 718
48, 617
48, 756
50, 407
doSales, series E , F , and G
Redemptions . _ _ _
_._
D e b t , gross, end of m o n t h ®
Interest bearing:
Public issues,
_.
.
28, 245
28, 254
171, 237
P170,400
P170,
147, 200
78,600
51,200
144, 721
79,476
51,829
PUS,
900
p 80,300
p 52,300
P143,
268
930
.708
322
1,187
1.708
106
7,089
.901
273
8,283
.901
1,147
5,557
.901
166
4,385
.901
858
11,595
.901
6,579
7,861
.867
1,038
409
1,175
1,063
1,267
1,395
1,186
2,583
953
2,993
929
2,940
842
2,561
2.928
d
28,507
000
P169,
400
p 80,300
p 52,600
P142,
28,600
P166,
600 P141, 800
p 82, 200 p 82,800
p 53, 200 p 53,300
P139,
P169,
900
p 80,300
p 53,900
P142,
604
67
49
21
2 51
26
37
74
62
66
71
80
676
94
31
44
2 38
43
42
84
78
67
76
79
250
303
21
153
151
43.4
20
149
142
123. 7
70 7
60 4
28,861
100 pi 68, 500
400
400
500
p 83,000
p 53,800
339, 264
340, 497
342,061
343,051
344,535
345,954
347, 340
49,053
571
519
269, 422
49,336
752
537
268, 270
49,493
590
478
267, 546
49, 560
494
482
265,369
49, 638
519
489
263, 532
49, 723
453
418
262, 277
49,864
576
504
259,148
245,779
243,994
242,916
240,364
238,340
236, 671
233,064
do
952
483
259,776
960
630
278,887
622
565
279, 214
626
634
276,012
668
621
273,898
do-
233, 601
256,801
257,016
253,613
251,487
249,960
do
28,448
337,110
48,936
594
552
272, 583
. do
r 28, 952
28,120
173, 500
24,015
24, 254
24, 585
22, 322
23, 443
21, 224
21, 481
23,045
23,854
20,897
21,135
20, 655
24,776
Special issues to trust accounts, etc
do
1,351
1,500
1,187
1,264
1,188
1,116
1,301
1,143
1,231
1,151
Noninterest bearing.
__.
do_
1,311
1,431
1,399
Obligations fully guaranteed by U. S. Gov 't:
331
362
" 378
533
542
324
542
467
370
391
Total amount outstanding (unmatured)
539
545
307
do
Expenditures and receipts:
3,618
2,557
3,023
4,514
4,602
4,251
5, 513
2,796
2,851
Treasury expenditures, total . .
3,677
3, 510
3,005
4,891
do
1,436
1,580
1,481
2,702
2,560
2,182
2,442
1,509
1,190
1,100
2,550
War and defense activities %
do. . .
1,412
3,417
48
27
21
200
95
5
13
32
148
23
631
684
Transfers to trust accountst
71
do
105
952
122
160
174
1,395
118
106
249
648
646
Interest on debt._.
_ _.
309
343
do
1,335
989
1,065
1,152
1,294
1,671
2,444
543
1,383
1,316
1,070
482
All othert
do
1,180
4,113
2,639
2,617
3,875
2, 734
4,482
2,717
5,762
2,998
2,600
4,481
Treasury receipts, total
3,848
do
3,860
2,544
2,364
4,107
2,434
2,677
3,678
2,733
4,479
2,539
4,478
5,747
3,819
Receipts, net
3 820
do
43
45
45
45
42
44
42
33
42
35
40
Customs. _
42
46
do
2,403
2,971
2,230
2,494
2,310
2,251
4,291
3,684
5,583
2,308
4,080
3,415
3,451
Internal revenue, total
. . . do
1,404
1,444
2,886
1,603
1,407
3,392
1,488
1,
513
2,755
2,790
4,838
3,550
2,664
Income taxes
do
89
74
290
65
302
285
100
76
67
89
Social security taxes
__ __
51
310
58
do
Net expenditures of Government corporations
45
-28
-59
136
mil. of dol
-18
-870
-96
-757
187
-161
wholly owned*
108
-31
Government corporations and credit agencies:!
30,409
27, 572
29, 569
33, 553
Assets, except interagency, total
mil. of dol..
6, 649
5,949
5,425
5,297
Loans receivable, total (less reserves)
do
2,884
2,860
2,935
2,873
To aid agriculture
do
659
704
To aid home owners
do
825
759
171
171
195
To aid railroads
196
do
192
182
200
196
To aid other industries
do
19
20
22
25
To aid banks
do
295
237
185
235
To aid other financial institutions
do
2,284
1,632
Foreign loans
655
989
do
623
641
715
656
All other
do
1,265
1,429
1,918
1,459
Commodities, supplies and materials mil of dol
1,873
1,836
1,789
1,767
U. S. Government securities
do
' 547
390
401
285
Other securities
do
16,924
16,973
15 557
20 784
Land structures and equipment
do
3,152
2,992
2,961
All other assets
3,480
do
5,101
5,004
5,752
6,856
Liabilities, except interagency, total
do
Bonds, notes, and debentures:
261
377
325
536
Guaranteed by the United States
do
1,252
1,250
1,234
1,133
Other
do
3,588
3,377
5,187
4,193
Other liabilities
do
498
496
482
479
Privately owned interests
do
24.810
24, 069
U. S. Government interests
___
26, 218
21,338
r
2
Revised.
P Preliminary.
<* Deficit.
1 Average for July 11-31.
Partly estimated.
® Data are on the basis of Daily Treasury Statements (unrevised).
• Data contain series published in the 1942 Supplement but suspended during the war period; data for November 1941-February 1945 will be published later.
• Quotations are for foreign silver through July 1946; thereafter they apply also to domestic and Treasury silver if such silver enters into New York market transactions,
d" For 1941-44 data for 629 companies and the industrial groups, see p. 31 of the October 1946 Survey.
t For 1941 revisions see p. S-17 of the November 1942 Survey.
* New series. For data for 1929-40 for profits and dividends of 152 companies see p. 21 of the April 1942 Survey; 1941-44 revisions are available upon request. Data beginning
July 1940 for expenditures for the U. S. war and defense program are shown on p. 29 of the June 1943 Survey; beginning July 1945 data are from the Treasury Daily Statements. See
note marked "*" on p. S-17 of the February 1947 Survey for references to brief descriptions and the earliest data published for the series on net income of electric utilities, bank
deposits and currency outside banks, and U. S. savings bonds; data for the bank deposits, etc., beginning January 1947 are for the last Wednesday of the month instead of the end of
the month. Data for expenditures of Government corporations have been shown on a revised basis beginning in the September 1946 Survey; see note in that issue for an explanation.
tFRASER
Revised series. Data for government corporations and credit agencies have been shown on a revised basis beginning in the May 1946 Survey; data for certain items were further
Digitized for
evised
in the October 1946 issue (see note on p. S-18 of the February 1947 Survey for further information on these series).
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
January
March 1947
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Continued
Reconstruction Finance Corporation, loans outstanding,
end of month, totalt
mil. of doL_
Banks and trust cos., incl. receivers
do
Other financial institutions
do
Railroads, including receivers
do
Loans to business enterprises, except to aid in national
defense
mil. of dol_.
National defense
do
Other loans and authorizations
do
1,270
188
54
146
1,827
234
100
192
1,807
229
99
171
1,776
223
89
172
221
87
171
1,689
219
85
171
1,474
214
83
171
1,453
212
81
148
1,433
208
51
147
1,327
206
50
147
1,273
203
49
147
1,279
203
49
147
1.287
201
50
147
172
318
391
145
694
461
146
703
459
175
689
427
140
642
420
143
656
416
171
419
416
168
429
415
158
459
410
160
358
406
158
318
397
165
320
396
168
327
395
1,585
1,180
1,305
1,937
1,786
1,542
1,859
1,360
1,088
1,276
1,320
1.957
1,406
74
111
1,122
239
25
33
1,168
280
74
1,680
425
154
103
1,579
637
146
61
1,257
377
129
156
1,633
'495
99
126
1,178
'345
34
148
1,016
195
55
17
1,208
315
24
43
1,148
457
125
47
1,799
660
138
20
253
188
44
7
13
1,333
1,261
71
297
104
33
151
9
883
803
417
134
79
194
10
888
805
83
682
424
140
99
19
1,255
967
71
844
299
430
77
38
943
793
150
663
421
182
35
24
879
755
124
672
289
342
9
33
1,186
1,053
132
497
399
41
3
54
863
778
65
267
134
113
20
1
821
742
77
323
214
126
40
3
893
703
50
629
540
63
19
8
691
619
71
817
232
487
47
52
1,139
936
170
245
291
405
666
825
643
'703
'518
261
377
617
807
111
63
49
124
56
5
62
10
37
17
20
240
222
2
16
15
55
44
289
257
2
30
17
213
148
65
433
320
57
56
21
153
91
62
658
514
28
116
14
245
169
77
331
285
14
32
67
327
198
129
'351
'265
46
40
25
'344
126
'219
' 164
'94
50
21
10
138
101
37
117
38
18
60
6
'202
160
'42
'169
36
' 122
12
5
511
329
183
86
74
6
6
19
623
557
66
173
97
59
17
12
181
98
74
43
1
43
7
7
0
100
26
59
32
1
31
150
1
148
126
94
15
78
1
77
192
2
190
412
198
195
138
6
132
98
1
97
289
127
154
424
5
418
76
7
69
405
206
166
179
10
135
35
9
26
'325
131
'171
338
181
156
9
'421
'326
'91
41
6
34
3
3
0
130
108
16
111
13
98
19
16
3
210
'71
'133
124
108
17
40
21
19
530
470
53
61
18
33
18
18
0
226
145
70
483
411
72
47
35
12
SECURITIES ISSUED
Securities and Exchange Commission:!
Estimated gross proceeds, total
mil. of doL
By types of security:
Bonds, notes, and debentures, total
do
Corporate
do
Preferred stock
do
Common stock
___do
By types of issuers:
Corporate, total
do
Industrial
do
Public utility
do
Rail
do
Other (real estate and financial)—. __do
Non-corporate, total ®
do
U. S. Government
do
State and municipal
do
New corporate security issues:
Estimated net proceeds, total
do
Proposed uses of proceeds:
New money, total
do
Plant and equipment
do
Working capital
do
Retirement of debt and stock
do
Funded debt
do
Other debt
do
Preferred stock
do
Other purposes
i.-_do
Proposed uses by major groups:§
Industrial, total net proceeds
do
New money
do
Retirement of debt and stock
do
Public utility, total net proceeds..
do
New money
do
Retirement of debt and stock
do
Railroad, total net proceeds
do
New money
do
Retirement of debt and stock
do
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)!
thous. of doL
New capital, total!_t_
do...
Domestic, total!
___do
Corporate!
do
Federal agencies
do
Municipal, State, etc
do
Foreign
do
Refunding, total!
do
Domestic, totalt
do...
Corporate!
___do...
Federal agencies
do...
Muncipal, State, etc
do...
Foreign
do...
Domestic issues for productive uses (Moody's):
Total
mil. of dol.
Corporate
do...
Municipal, State, etc
..do...
Bond Buyer: State and municipal issues:
Permanent (long term)
thous. of dol.
Temporary (short term)
do.._
551, 683
352, 955
352,955
256,539
47,265
49,150
0
198, 728
198, 728
65, 208
132, 645
875
0
761, 054
659, 364
659,364
589,878
0
69,486
0
101,690
101, 690
86, 316
13,395
1,979
0
1,011,544
788,447
788,447
668,968
0
119,479
0
223,097
189, 597
105, 385
33,940
50, 271
33?5OO
188
127
61
293
246
47
528
459
69
649
533
116
67, 526
3,482
89, 389
131,893
53,290
62, 729
745
723
631
583
571
442
653
377
64'
305
729
253
720
238
723
349, 613
200,847
200,847
134,670
745
68,432
0
145, 766
145, 766
112,954
29,900
2,912
0
429, 614
122,291
122,291
47, 089
18, 280
56,922
0
307, 323
307,323
264. 262
20, 060
23,001
0
562, 023
200, 449
199,549
127,315
15, 970
56,264
900
361, 574
338,374
284, 215
22,!""
31,179
23,200
,096,711
373,340
373, 340
289,600
22,420
61,321
0
723,371
698, 371
362, 663
325, 685
10, 024
25,000
,044,800
309,593
301, 752
191,630
6,855
102,967
7,841
735, 207
727, 605
663, 502
17,180
46, 923
7,602
146
82
64
78
22
56
117
67
50
199
' 144
'55
188
-•104
'84
236
153
83
306
210
96
239
175
64
226,178
77, 611
75,934
131,'""
76,164
59, 710
88,974
23, 909
85,176
57, 582
143,933
14, 734
130,851
56, 461
138,678
141,185
533
1,168
1,048
936
856
809
370
210
68:
734
72'
64
755
622
712
547
669
622,874
487, 806
487, 229
251, 532
20,835
214,862
577
135,067
135,067
102, 635
21,500
10,932
0
931, 287
424,631 491,013
424, 631 491,013
307, 350 366, 543
0
9,145
108,136 124,470
0
0
442,266 440,274
422,766 385,774
366,065 345,174
40, 580
32,920
16,120
7, i"""
19,500
54, 500
569,
419,
418,
354,
921
510
510
302
0
64,208
1,000
150,411
125, 661
92,057
32,920
684
24, 750
431, 025
231, 340
231,340
170, 290
0
61,050
0
199,685
198,925
144,180
38, 455
' 16, 605
760
78,194 '175,449
47, 388
10,685
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members carrying
margin accounts)^
Customers' debit balances (net)
Cash on hand and in banks
Money borrowed
Customers' free credit balances
Bonds
mil. of dol.
do
do
do
651
537
453
217
693
Prices:
102. 00
104. 21
103. 52
103.10
102.15
102. 46
102. 64
104. 03
105. 29
103.89
104.
105.19
102. 89
Average price of all listed bonds (N. Y. S. E.)_ dollars103. 49
102.56
102.88
102. 41
104. 61
103. 92
103. 07
105. 69
104.40
104. 25
105.14
105. 59
103.30
Domestic
do
80.15
77.95
77.19
76.89
82.69
81.64
76.18
83.16
82.88
77.12
82.32
82.11
Foreign
do
Standard and Poor's Corporation:
Industrials, utilities, and rails:
124.0
123.8
122.8
121.6
121.5
123.
123.
121.8
124.£
124.3
124.5
122.6
123.8
High grade (15 bonds)
dol. per $100 bond_
Medium and lower grade:
119.1
119.1
119.
119.5
117.4
115.9
119.9
115.8
115. 9
120.1
119.
120.0
116.3
Composite (50 bonds)
do._.
123.4
124.0
123.9
123.
122.5
124.4
123.3
123.0
122.2
124.5
123.9
124.
123.5
Industrials (10 bonds)
do...
115.3
115.
116.0
116. C
112.6
115.8
111.9
114.7
115.9
112.
116.3
116.1
111.2
Public utilities (20 bonds)
do...
118.5
117.7
118.6
118.
112.7
119.6
112.9
119.9
114.3
118.9
119.6
112.3
114,
Railroads (20 bonds)
do...
80.1
78.8
81.8
83.2
63.6
83.6
67.7
82.7
84.9
85.
65.
68.3
62.7
Defaulted (15 bonds)
do
140.9
140.0
142.
142.
136.8
144,
133.4
143.4
141.6
143.4
134.4
137.8
136.0
Domestic municipals (15 bonds)!
do
' Revised. §Small amounts for "other corporate," not shown separately, are included in the total net proceeds, all corporate issues, above.
HSince February 1945 data are from the New York Stock Exchange except for June and December data are estimates based on reports for a sample group of firms.
^Includes for certain months small amounts for nonprofit agencies not shown separately. ISee note in the April 1946 Survey regarding revisions in the data for 1944.
fRevised series. The classification of Reconstruction Finance Corporation loans was revised in the November 1943 Survey (see note in that issue); the figures include payments
unallocated, pending advices, at end of month. There have been unpublished revisions in the 1941-44 data for security issues compiled by the Securities and Exchange Commission
as indicated from time to time in notes in the Survey; and revisions in the 1945 data as shown in the September 1946 and earlier issues; all revisions will be shown later.
SURVEY OF CURRENT BUSINESS
March 1947
Unless otherwise s t a t e d , statistics t h r o u g h 1941
a n d descriptive notes m a y be found i n t h e
1942 S u p p l e m e n t t o t h e Survey
1946
1947
January
S-19
January
February
March
April
May
June
July
August
September
103.3
October
Novem- December
ber
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
Prices—Continued
U. S. Treasury bonds (taxable) f_.dol. per $100 bond
104.3
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
Market value
thous. of dol
Face value
do
On New York Stock Exchange:
Market value
do
Face value
__ do _ .
Exclusive of stopped sales (N. Y. S. E.), face
value, total
thous. of doL. 125, 491
U. S. Government
. _do__ _
126
125, 365
Other than U. S. Government, total
do
118, 519
Domestic
do
Foreign
do
6,846
Value, issues listed o n N . Y . S . E . :
Face value, all issues
mil. of dol
137 006
134,859
Domestic
_
___do
Foreign
do
2,148
Market value, all issues
do 140, 966
Domestic
__.do
139, 310
Foreign
do
1,656
Yields:
2.79
Domestic corporate (Moody's)
percent._
By ratings:
Aaa
do
2.57
Aa
.
do
2.65
A
do
2 79
Baa __
do
3.13
By groups:
Industrials
_
do
2.63
Public utilities
.
do
2.73
Railroads
..do
3.00
Domestic municipals:
Bond Buyer (20 cities)
. . do
1.81
Standard and Poor's Corp. (15 bonds)
do
1.92
U. S. Treasury bonds, taxable t do
2.21
103.6
103.7
103.9
72, 691
94,121
104,881 ' 85,870
167, 352 '131,884
66, 551
97,458
121,416
161,049
69, 459
85, 918
69, 346
90,244
99, 647 '81,197
160, 265 ' 125, 782
62,101
91, 836
116, 541
154,937
84,033
256
83,777
77,609
6,168
79,886
181
79, 705
72, 473
7,232
78,010
279
77,731
72, 441
5,290
149, 259
468
148, 791
142,298
6,493
112,738
392
112, 346
106,488
5,858
95,127
225
94,902
89, 201
5,701
127, 553
265
127, 288
120, 544
6,744
138,364
135,968
2,396
143,944
141,961
1,992
136,648
134, 281
2,367
142, 406
140, 474
1,932
136,596
134, 257
2,339
141,407
139,513
1,894
136,714
134, 441
2,273
140,958
139,137
1,822
136, 838
134, 569
2,269
139,784
138,015
1,769
136,880
134,644
2,236
140, 245
138,520
1,726
136, 787
134, 584
2,203
139, 521
137,827
1,694
137,165
134,995
2,170
140,793
139,139
1, 653
2.71
2.71
2.71
2.73
2.79
2.82
2.82
2.83
2.61
2.69
2.83
3.17
106.0
106.5
106.6
104.8
105. 3
104.9
104.1
117,243
154, 582
98,956
121,413
107,506
131,595
89,462
107,064
83, 438
97,833
73,743
90, 590
155, 270
204,041
110,162
146.310
91, 234
113,002
100, 481
123,634
84, 330
100, 995
73, 706
91,898
186,923
1,060
185,863
175, 742
10,121
129, 337
605
128, 732
122, 533
6,199
105, 018
720
104,298
95,912
8,386
122, 337
10, 318
112,019
104,968
7,051
138,961
136, 550
2,411
145, 556
143, 571
1,984
139, 299
136,890
2,409
146, 524
144, 546
1,978
138,831
136,423
2,407
146,181
144,190
1,990
138,519
136,143
2,375
143,904
141,936
1,969
2.73
2.68
2.66
2.67
104.6
165, 360
217,071
r
93,952
4,299
89,653
84, 310
5,343
2.54
2.62
2.73
3.01
2.48
2.56
2.70
2.95
2.47
2.54
2.69
2.94
2.46
2.56
2.69
2.96
2.51
2.58
2.73
3.02
2.49
2.59
2.73
3.03
2.48
2.59
2.72
3.03
2.51
2.62
2.74
3.03
2.58
2.68
2.80
3.10
2.60
2.70
2.84
3.15
2.59
2.69
2.84
3.17
2.57
2.71
2.89
2.54
2.65
2.83
2.54
2.64
2.80
2.57
2.65
2.78
2.60
2.69
2.84
2.59
2.70
2.85
2.58
2.69
2.86
2.58
2.70
2 89
2.64
2.75
2.98
2.65
2.76
3.05
2.66
2.77
3.05
2.66
2.77
3.04
1.31
1.57
2.21
1.29
1.49
2.12
1.29
1.49
2.09
1.37
1.45
2.08
1.36
1.54
2.19
1.41
1.55
2.16
1.51
1.60
2.18
1.58
1.65
2.23
1.73
1.75
2.28
1.66
1.84
2.26
1.78
1.80
2.25
1.85
1.97
2.24
Stocks
Cash dividend payments and rates, 600 cos., Moody's:
Total annual payments at current rates..mil. of dol_. 2,128.87 1,886.00 1,900. 31 1,908. 54 1,919. 71 1,911.77 1, 943.39 1,957.89 1, 952. 00 1,954. 89 2, 002. 26 2, 065. 80 2,110. 73
954.65
954.65
941.47
954.65
941. 47
941.47
941. 47
941. 47
Number of shares, adjusted
millions
941.47
941. 47
941. 47
941.47
954 65
2.16
2.21
2.08
2.10
2.07
2.04
2.06
2.08
2.02
2.03
2.03
Dividend rate per share (weighted average)..dollars..
2.00
2.23
3.21
3.20
3.20
3.21
3.20
3.21
3.21
3.21
3.21
3.21
3.21
Banks (21 cos.)
do
3.17
3 21
2.12
2.19
2.05
2.02
2.03
2.03
1.96
1.97
Industrials (492 cos.) _ .
do
1.94
1.95
1.97
2.01
2.22
2.59
2.59
2.58
2.59
2.58
2.58
Insurance (21 cos.)
_ do
2.58
2.58
2.58
2.58
2.58
2.58
2.59
1.90
1.82
1.90
1.88
1.82
1.81
1.81
Public utilities (30 cos.)
do
1 92
1.80
1.81
1.81
1.81
1.81
2.76
2.77
2.59
2.71
2.65
2.71
Railroads (36 cos.)
do
2.81
2.65
2.71
2.81
2.64
2.77
2.75
Publicly reported cash dividend payments:*
950.2
158.2
451.8
344.7
162.5
133.6
393.1
497.6
358.4
149.5
396.3
338.8
Total dividend payments
___mil. of doL.
542.2
83.6
146.0
74.9
273.8
128.6
147.0
237.6
69.0
278.1
Manufacturing
do
129 6
65.7
4.1
4.6
71.9
24.9
4.5
1.0
3.7
2.0
50.2
Mining
. _
do
2.7
.6
22.5
39.2
8.6
96.7
25.3
5.4
29.9
5.7
29.7
9 2
19 8
33 4
24 0
Trade
do
52.1
24.5
100.3
30.9
88.6
24.2
50.4
29.6
17.1
36.3
31.1
Finance _ .
do
87.5
47.6
12.5
2.0
17.9
4.8
7.6
Railroads
do
7.2
33.8
17.2
22.5
29.3
19.7
oo o
32.4
48.1
45.3
34.9
46.6
41.7
47.6
35.6
29.3
36.5
Heat, light, and power
do
38.5
12.2
.3
13.1
47.6
.1
.2
49.8
.3
13.4
13.0
Communications .
do
51.7
48.3
5
31.2
2.2
11.8
17.1
3.4
2.6
9.7
13.3
15.9
Miscellaneous.
_
do
8.1
7.7
I
Prices:
Average price of all listed shares (N. Y. S. E.)
82.4
78.5
80.2
79.3
89.6
100.2
103.2
95.8
92.6
99.1
98.2
96.9
81.6
Dec. 31, 1924=100.62.66
61.77
63.97
61.10
75.02
73.81
76.98
76.63
77.59
73.01
Dow-Jones & Co. (65 stocks)
. dol. per share
63.78
74.74
74.78
174. 38
172. 72
168.94
169. 48
202. 27
199.44
206. 63
194. 37
205.81
207. 32
Industrials (30 stocks)
do
199.46
199. 00
176 10
51.18
35.23
35.05
34.58
40.93
40.96
Public utilities (15 stocks) .
. do
43.03
42.51
39.94
40.01
40.38
42.93
36.55
36.77
63.22
47.28
49.24
61.45
49.59
65.12
64.77
66.64
62.89
64.30
49.56
65.58
Railroads (20 stocks) do
118.34
114.14
114.00
136.
45
118.
36
140.10
141.
86
143.
47
144.
63
136.
03
New York Times (50 stocks)
do
138. 72
136. 88
119.06
197. 29
190. 32
198.49
191. 65
231. 21
225.97
222. 79
236.11
237.16
Industrials (25 stocks) _ _ _.
do
233.85
226. 00
223. 25
199. 92
38.24
36.58
37.97
39.59
52.11
46.93
50.84
48.99
51.45
49.88
Railroads (25 stocks)
do
50.57
49.27
38.21
Standard and Poor's Corporation:
125.5
125.4
122.3
120.6
146.4
153.2
149.6
141.8
151.6
154.3
Combined index (402 stocks)
1935-39=100._
143.3
125.2
144.8
128.9
125.9
123.8
128.8
150.4
153.4
144.5
158.8
156.9
Industrials (354 stocks)
do
155.9
128.5
147.5
145.8
117.9
112.4
111.5
114.6
138.9
135.2
130.8
141.7
Capital goods (116 stocks)...
do
142.7
117.6
133.1
133.6
139.4
133.5
132.3
130. 0
162.7
136.9
159.2
172.0
159.3
Consumer's goods (191 stocks)
do
133.8
161.9
159.5
166.7
170.1
109.8
107.2
105.5
127.7
122.8
129.3
109.7
Public utilities (28 stocks) _ _
_ do
125.3
110.7
124.0
123.7
130.4
127.5
110.2
118.8
113.3
119.0
147.1
156.8
153.6
153.6
157.2
161.8
159.8
Railroads (20 stocks) .
do
114.7
164.3
Other issues:
108.7
108.5
107.5
105.0
120.2
116.5
118.7
116.6
118.9
126.1
121.3
115.9
Banks, N . Y. C. (19 stocks)
do....
106.2
117.6
119.4
113.8
115.8
133.9
144.2
134.7
139.2
141.6
141.8
136.9
143.8
Fire and marine insurance (18 stocks)
do...
122.3
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
'1,296,654 1,118.029 1,273,035
2,373,016 1,930,314 '1,480,187 1,869,130 1,774.725 1,409,683 1,223,124 "1,163,512 '1,902,717
Market value
^^thous. of doL_
56, 527
51, 669
56, 794
47, 768 r 45,915 T 81, 805 ' 54, 552
60, 203 ' 72, 381
70,514
Shares sold
_ _ __ .thousands
112, 908 * 90, 863
On New York Stock Exchange:
Market value
thous. of doL.
1,947, 730 1, 574,139 •1,217,250 1, 504, 771 1,427, 037 1,149,180 1,014, 338 -•982,461 '1,616,631 '1,103,151 950, 904 1,074,021
39, 723
32,196 ' 60, 438 ' 38,919 ' 36, 955
32,188
47,002
46, 326
35,865
Shares sold
__ thousands52, 604 ' 36, 609
71, 761
Exclusive of odd lot and stopped sales (N. Y.
29, 834
43, 450
30, 384
23, 819
20, 807
25, 664
21, 717
20, 595
34, 093
31,427
30, 410
Times)
thousands.. 23, 557
51, 510
Shares listed, N . Y. S. E.:
68, 595
65, 741
66, 864
74, 350
66,115
79,132
77, 932
80, 943
84, 043
80,929
74,165
Market value, all listed shares.
mil. of dol.. 69, 627
78,468
1,771
1,756
1,764
1,719
1,738
1,750
1,666
1,645
Number of shares listed
.millions..
1,614
1,628
1,620
1,779
1,686
f
Revised.
*New series. For data for dividend payments for 1941-42, except for minor 1942 revisions, see p. 20 of the February 1944 Survey; revisions in the 1942 figures shown on that page
and 1943-44 figures are on p. 31 of the February 1947 issue.
t Revised series. For an explanation of the revision on the price series for municipal bonds and data beginning February 1942 see p. S-19 of the April 1943 Survey; earlier data
will be published later. Revised figures through 1943 for prices and yields of U. S. Treasury taxable bonds and a description of the data are on p. 20 of the September 1944 Survey.
Yields through December 1945 for partially tax-exempt Treasury bonds are shown in the April 1946 and earlier issues of the Survey.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found i n the
1942 S u p p l e m e n t to the Survey
1947
January
March 1947
1946
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Yields:
Common stocks (200), Moody's
percent..
Banks (15 stocks)
do
Industrials (125 stocks)
do
Insurance (10 stocks)
do
Public utilities (25 stocks)
do
Railroads (25 stocks)
do
Preferred stocks, high-grade (15 stocks), Standard and
Poor's Corporation
percent--
4.5
4.2
4.4
3.3
4.6
6.6
3.5
3.4
3.4
2.9
3.8
4.5
3.8
3.7
3.6
3.0
4.0
5.1
3.6
3.6
3.4
3.0
4.0
5.1
3.5
3.6
3.3
3.0
3.9
5.1
3.4
3.7
3.2
3.0
3.7
4.5
3.5
3.7
3.4
3.1
3.9
4.8
3.7
3.7
3.5
3.2
3.9
5.2
3.9
3.8
3.8
3.2
4.2
5.6
4.4
4.0
4.1
3.74
3.54
3.49
3.45
3.42
3.47
3.46
3.43
4.6
6.5
4.4
3.9
4.3
3.5
4.7
6.3
4.6
4.0
4.4
3.6
4.8
6.9
3.44
3.57
3.65
3.70
3. 6
4.5
3.9
4.4
3.5
4.6
FOREIGN TRADE
INDEXES
Exports of U. S. merchandise:
Quantity
Value
Unit value
.
Imports for consumption:
Quantity
Value
Unit value
Agricultural produpts, quantity:§
Exports, domestic, total:
Unadjusted
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
1923-25=100,
do.__
do...
294
do...
do.__
do...
169
'209
-•209
••100
'173
' 174
' 101
••209
»• 211
101
'192
rl99
103
213
219
103
220
230
105
202
217
107
218
231
106
154
168
109
127
142
112
226
259
115
249
'291
117
139
125
91
' 107
96
90
128
117
92
135
'124
92
131
122
93
'124
116
95
'139
' 132
130
130
100
119
118
100
120
124
104
141
147
105
146
156
107
1924-29=100.
do___
127
123
108
124
118
128
105
128
118
161
107
153
95
128
102
76
108
90
do.__
do...
206
204
174
203
185
200
160
186
113
148
156
183
173
210
127
131
101
87
136
113
160
142
do_._
do...
103
106
90
106
95
89
156
187
94
112
99
112
101
117
109
112
23,534
12,490
24,646
11,620
21,078
11,461
SHIPPING WEIGHT*
Exports, including reexports
General imports
VALUE§
mil. of lb.
do___
19,888
12,242
17,511
10,165
16,808 • 19,025
' 9, 101 10,112
15, 408
9,891
13,314
10, 925
19, 275
9,679
17,301
10, 566
Exports, total, including reexports
thous. of dol._ 1,115,519 798,653 669,861 815,355 • 756,842 850, 554 877,683 825, 570 882, 993 642, 711 536, 746
Lend-lease *
do
8,357 130,391
96,325 116,215 80, 442 66,614 57,194 37, 092 33, 809 12, 477
7,587
By geographic regions:
38, 653 42, 349 48, 276 46,932 50, 627 42,166
Africa
.do
31,832 r 43, 789 27, 553 16, 081
111, 346 81,050 110, 505 104, 394 130, 875 157,933 130,312 137,854 99, 470 67, 263
Asia and Oceania
do
404, 388 320, 438 391, 882 339,184 383, 383 370, 669 379, 757 354,879 233, 960 168, 582
Europe
do
87, 794 83, 535 101, 556 106, 641 108, 629 117, 804 123,836 137, 080 135, 651 158, 202
Northern North America
do
72, 610 72,017 82,936
Southern North America
__do
77, 594 84,999
88,859
79, 293 73, 395
77, 094 96,168
83,947
71,511 80, 200 82, 097 92, 222 100, 823 82, 593 113,224
South America
do
53,313
Total exports by leading countries:
Europe:
France
do
73,374 67, 936 89, 369 78, 033 70, 505 62, 577 52, 796 ' 46,382 27, 530 21,190
1,646
Germany
do
549
7,212
1,131
3,515
7,983
8,518
15, 636
2,331
11,098
Italy
do
30, 803 34, 507 41,809
35, 004 31,187 37, 234 40,146 31,004 21, 651
4,424
Union of Soviet Socialist Republics (Russia)-.do
52, 501 29, 896 32, 081 30,187 30, 531 48,090
38,079 ' 42, 671 12, 531 11,106
United Kingdom
do
63,033
68,094 62,919
81, 963 60,013 86,163
73,160
70, 755 66, 699 46,037
North and South America:
85,676 82, 216 98,137 lfi3, 680 105,373 114,925 121,198 134, 236 133, 784 156, 252
Canada
do
146, 540 132,008 154,136 150,753 167,342 180, 272 151,903 • 199,486 137,166 121, 392
Latin American Republics, total
do
9,198
9,295
10, 537 14, 713 13,622 14,628
19, 797 13, 064 11,953
Argentina
do
9,029
31, 373 22, 441 26, 494 22, 442 28,053 27,192 26,124 33, 233 20,047 20, 091
Brazil
do
5,401
7,437
6,047
5,645
6,280
7,730
5,734
Chile
do
3,605
4,946
5,256
8,801
10,998
12,138 15,106
9,124
16,382
Colombia*
do
10, 708 11,614 12,435
3,010
19,312 20,368 20,031
Cuba
do
23, 491 21, 539 22, 779 17, 231 24, 752 14, 884 13,141
31, 750 31, 527 37,969 33,910 39, 207 42, 481 38, 209 44,166
45, 744 51, 572
Mexico
do
16,931
13,315 r 19, 990 11,093
15, 353 17, 777 17,192 20,124
13,103
Venezuela*
do
8,075
Other regions:
8,277
8,873
9,319
4,744
6,366
5,854
7,378
5,114
5,420
7,096
Australia
do
2,456
120
1,363
1,720
1,036
412
2,052
472
809
803
British Malaya
do
33,170 24, 313 37, 024 38, 346 58, 458 58,139 42, 220 r 39, 953 24, 670 19, 094
China
do
3,266
4,124
3,909
2,938
2,684
3,494
1,891
r 3, 010
2,117
1,678
Egypt
do
12, 678
7,172
12, 487 13, 504
7,802 19,841
17, 202 '15, 738 16, 763 14,145
India and dependencies
do
1
2
2,762
8,304 16, 977 16, 946 20, 286 14,217
3,598
Japan
do
(°)
3,888
5,
580
2,620
7,658
3,288
Netherlands Indies
do
9,494
10, 512 10, 749
2,040
6,135
8,353
Philippine Islands
do
18,019
31, 241 23, 685 23, 390 18, 798 25,132 25, 652 21, 251 17,823
14,991
18,
391
19,
598
22,
331
7,063
Union of South Africa
do
22,007
25,
219
15,645
13,896
10, 651
General imports, total
do
532, 680 393, 512 317, 628 384, 489 407,188 397,381 385,943 433, 758 425,682 377, 750 393, 736
By geographic regions:
25,004
14,113 38, 747 ' 29,041 22,410 20,050
Africa
do
26,S54 ' 33, 756 20, 210 24, 662
82, 362 78,866 ' 73,497 r 84, 929 73, 532 ' 78, 208 • 101,328 ' 90, 806 ' 86, 593 ' 78,124
Asia and Oceania
do
67, 431 45,907 52,082 65, 674 76,950 ' 66,956 ' 70, 511 ' 63,075 58, 273 63,968
Europe
do
56, 431 67,835
Northern North America
do
67,198
70, 880 73, 437 68, 375 80, 506 ' 78,018 ' 81,305 ' 90,340
Southern North America
do_-l51,476 48, 846 71,913 r 63, 577 ' 66, 219 55, 649 ' 69, 207 r 62, 489 ' 51, 994 52,310
South America
do
100, 041 73, 465 80, 383 r 93,183 r 85, 092 ' 96, 697 r 85, 250 r 97, 533 ' 79, 753 ' 84, 331
' Revised. « Less than $500.
' § The publication of practically all series on foreign trade included in the 1942 Supplement but suspended during the war was resumed in the May Survey.
include lend-lease exports shown separately above, shipments by UNRRA and private relief agencies, and since June 1945 comparatively small shipments consigned
18,899
10,909
• 17,444
10, 767
987, 468 1,096,526
8,557
7,201
53, 070
121, 680
389,885
157, 786
120, 557
144, 489
46, 463
208, 207
361, 462
156, 202
143, 415
180, 777
67, 492
11,689
31,056
16,039
102, 586
54, 669
10,943
31,846
14, 078
74, 035
153, 547 152, 752
252, 306 306, 297
29, 379 37, 850
47, 760 51,138
7,471
11, 672
14,212 21,123
36, 439 38,143
50, 331 57, 554
27, 321 31, 250
6,213
9,140
779
2,579
35, 441 54,590
2,858
3,261
15, 428 28, 435
6,363
12,416
8,069
3,311
25, 401 58, 646
34, 358 23, 282
481, 412 • 535,832
28, 087 22,978
123, 404 139, 236
76, 258 88, 877
88, 074 93, 097
61, 094 76, 938
104, 496 114, 707
Export statistics
to United States
of the
chandise exports and imports, including weight of containers, wrappings, crates, etc. Data beginning January 1943 will be published later. See p. 32 of the February 1946 Survey
for annual totals for lend-lease exports for 1941-45; complete monthly data will be published later; all supplies procured through lend-lease procurement facilities are shown as lend-lease
exports although, since the program officially ceased to operate at the end of the war, the recipient nations had, with few exceptions, arranged to finance them prior to the exportation
of the merchandise. Montly data prior to February 1945 for Colombia and Venezuela will be shown later.
SURVEY OF CURRENT BUSINESS
March 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
January
S-21
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
FOREIGN TRADE—Continued
VALUE §—Continued
General imports—Continued.
By leading countries:
Europe:
5,007
4,600
1,478
3,573
1,927
France
thous. of dol...
29
2,303
15
24
3
Germany
do
13,880
4,324
732
170
1,246
Italy
do
11,185
7,829
8,597
18,320
4,107
Union of Soviet Socialist Republics
do
10, 338
9,481
14, 605 11,391 ' 14, 306
United Kingdom
do
North and South America:
55, 347 65,465
70, 363 69, 525
64, 758
Canada
do
145, 475 117,114 147, 431 152,432 145,308
Latin American Republics, total
do
9,103
16, 744
15,154 ' 18,448 ' 14,814
Argentina
do
42,071
23,136
29, 526 33, 535 ' 30, 994
Brazil
do
6,931
8,925
8,485
7,831
2,660
Chile
do
12,101
11, 548 13, 078 12, 003
7,964
Colombia*
do
18, 379
18,247 36, 434 ' 23, 556 ' 32,187
Cuba
do
21,462
17,175
17,167
19, 936 25,650
Mexico
do
10, 595
10,021
8,587
7,921
10, 090
Venezuela*
do
Other regions:
11,211
11,476
7,657
10,983
13,281
Australia
do
9,947
115
5,105
9,020
9,112
British Malaya
do
8,829
3,575
4,890
7,495
6,311
China
do
1,384
405
1,051
2,182
550
Egypt
do
22, 667 21, 272 23,878
24,481
18, 299
India and dependencies
do
479
220
319
10, 697 14, 725
Japan
do
40
194
592
1,381
2,189
Netherlands Indies
do
98
945
524
1,552
1,717
Philippine Islands
do
12, 599
5,320 21,631 ' 12, 445 10,920
Union of South Africa
do
1,096,222 778, 789 649, 096 786, 643 739, 237 815,034
Exports of U. S. merchandise, total
do
By economic classes:
94,617
111,758 105, 354 116, 248
Crude materials
do
58, 304 62,051
70,254
48,612 34,661
Crude foodstuffs
do
177,344 134, 964 148,432 125,186 140,130
Manufactured foodstuffs and beverages
do
59,804 68,115 ' 79,958 ' 82,373
73, 250
Semimanufactures
do
363,322 306,128 396, 288 380,127 • 441,623
Finished manufactures
do
By principal commodities:
308,872 250,868 283,106 251, 909 273, 498
Agricultural products, total
do
34, 694
28, 954 37,846 38,622 56,623
Cotton, unmanufactured
do
25,679
30, 361 28, 290 28, 999 24, 505
Fruits, vegetables and preparations
do
83, 514
72, 652 68, 722 56, 424 42,174
Grains and preparations
do
79, 950
41, 595 48, 072 30, 496 49, 376
Packing house products
do
469, 917 398, 227 503, 538 487,350 541, 520
Nonagricultural products, total
do
23,691
26,645
29,730 36, 277 48,830
Automobiles, parts and accessories
do
37, 919
35, 676 44, 342 46,116 46,351
Chemicals and related products
do
4,042
3,655
2,794
2,173
Copper and manufactures
do
2,418
41, 931
26, 582 28,917 38,108 41, 258
Iron and steel and their products
do
82, 220 109, 302 100,155 111, 204
106, 488
Machinery
do
10,031
12, 761
11,172
Agricultural
do
11,866
9,776
16, 532 ' 20,635 17, 944 24, 232
24,054
Electrical
do
13,943
Metal working
do
16,892
9,638 16,423
13,344
51,936
Other industrial
do
52,980
42, 281 56,997 54,906
33,972
Petroleum and products
do
29,530 36,936 36, 082 40, 347
Imports for consumption, total
do
537, 495 400,138 306, 984 373,750 • 394,637 • 389,741
By economic classes:
157,912 109,293 134,185 • 145,807 • 139,878
Crude materials
do
' 76, 508 58, 958 64,604 69,467 62, 403
Crude foodstuffs
do
32, 551 28, 741 ' 46, 708 38,823 ' 45, 940
Manufactured foodstuffs and beverages
do
' 76, 225 ' 53, 680 ' 65,015 ' 68,199 ' 72, 399
Semimanufactures
do
' 56, 942 ' 56,312 ' 63, 237 ' 72, 340 ' 69,121
Finished manufactures
do
By principal commodities:
Agricultural, total
do
193, 959 149, 648 189, 587 195, 253 185, 834
' 42,140 30, 388 36,010 37, 545 36,489
Coffee
do
5,035
3,209
Hides and skins
do
4,491
5,580 '4,816
14,152 24,116
Rubber, crude including guayule
do
22, 937 20, 273
4,222
1,214
1,354
862
Silk, unmanufactured
do
12, 473 ' 24,428
Sugar
do
11,499
12,913 25, 414 15,046
20,905
29,065
21,817 ' 30,120 ' 30,453 23, 959
Wool and mohair, unmanufactured
do
206, 694 158,327 184,198 199,350 203, 669
Nonagricultural, total
do
35,004
13,992
11, 472 ' 17, 434 ' 24, 738
Furs and manufactures
do
22,788 ' 14, 648 16,389 ' 19,583 ' 20, 551
Nonferrous ores and metals, total
do
13,021
'
3,
280
1,997 ' 5,572
7,256
Copper including ore and manufactures..do
1,179
4,352
3,889
3,910
Tin, including ore
do
3,011
16,942
11,691
9,700
9,854
11,638
Paper base stocks
do
14, 996 14, 930 16, 795 18,073
20,687
Newsprint _•
do
' 13,498 ' 11,389 10, 235 '11,237
13, 380
Petroleum and products
do
5,245
149
4,571
2,786
14,177
' 4,804
24
8,099
7,225
' 15, 230
6,441
6,124
18
23
6,282
' 6,671
7,823 ' 7, 721
' 12, 405 '11,512
66, 548
147,968
' 17, 471
40, 472
' 9, 975
' 9, 783
26,620
16,184
8,041
76, 607
147,316
' 14,128
' 27, 290
8,149
14, 453
33,151
' 20,282
8,373
' 74, 715
154,037
13,912
' 45,985
3,418
13, 048
' 25, 360
' 18,391
10,324
4,649
9,946
1,059
' 17, 621
M,689
664
2,597
9,717
858, 033
' 18,485
11, 792
12,656
651
' 9, 467
11, 095
' 2, 773
4,402
14,641
807,478
' 15, 041 ' 17,139 12,710 ' 11,822
7,724
14, 479 19, 795 19, 093 15, 347
8,284
8,041
5,183
' 7, 061
7,123
11,593
1,345
7, 058
2,892
1,779
3,312
9,290 27,618 24, 944
' 17, 534 20,593
14, 307 25, 917
2,276
12, 378
2,780
5,660
6,609
2,486 ' 3, 292
8,044
5,891
3,635
3,636
3,338
11,195
10,363
13,904
' 15, 990 14,443
9,064
860,106 626, 942 528, 764 965, 675 '1,083,238
122, 544
79,193
134, 521
' 76,622
445,153
120,122
' 53, 988
165,157
' 71, 279
396,933
138,557
' 53,340
116,815
' 81, 383
470,012
304,706
52,812
27, 760
88, 646
48,214
553,402
43,463
46, 424
2,952
35, 709
125, 553
11,967
25,381
17,176
66, 262
39,025
371,371
291,827 252, 826 187, 322 121, 475
50,425 ' 58,858 34,316
17,101
13,666
24, 571 17,911
11, 523
65, 542 ' 62, 284 51, 543 29,643
19,263
47,365 35,280
4,338
515, 492 606,202 439,786 407, 379
38,297 51,357 42,862 39, 804
40, 057 43,827 30, 257 27, 409
2,738
3,534
1,994
1,205
35,345 45,639 30,847 26, 756
119, 224 137,475 83, 724 89, 673
14,104
12,044
17,074
12,677
24,985 32, 260 18, 581 23, 608
16,343
7,977
15,358
9,477
58, 046 66,588 41,372 39,253
35, 797 43,016 35,003
27, 574
• 421,388 ' 414,268 • 377,659 • 395,479
121,068
' 68,636
' 40,148
' 76, 803
' 64, 716
162,912
' 53,101
'52,711
' 84, 637
' 68, 026
• 152,201 • 133,792
72,193 ' 60, 761
43, 430 38, 599
' 78,018 75, 726
' 68, 426 ' 68, 781
174, 661
46, 779
' 4,122
6,744
19,683
15,144
20,017
196,127
' 19, 572
' 20,035
4,639
5,146
13,967
17, 382
11,320
189, 643
31,844
' 7,149
14, 548
14, 267
23,880
28,530
230,463
' 30, 503
' 24, 584
7,907
6,261
19,588
21, 362
' 15,127
201, 650
47,886
' 6,657
19,654
12,631
16,159
25,411
212, 228
22, 745
' 21,683
4,945
6,036
15,357
20,925
' 15,124
7,298
41
5,133
7,139
10, 269
' 77, 000 ' 88,167
• 125,299 • 132,739
' 10, 908 13, 907
29, 870 30,049
4,754
7,263
14,224
11, 644
' 19, 749 23,936
14, 922 18,140
13, 644
11,507
7,372
403
9,544
1,809
18, 476
8,610
125
8,004
15,944
14,224
84,110
90,187
159, 776 185,610
23,016 26, 658
37, 792 37, 277
6,719
8,770
16, 550 20.142
29, 276 36,168
19, 984 23, 441
9,973
10, 523
• 115,589 93,601 171, 735 135, 231
39,118
51, 340 68,347
29,008
81, 564 42,150 107, 725 149, 720
' 61, 287 ' 50, 760 82,914 105, 381
• 329,385 • 313,245 551, 961 624, 559
290, 478
69,114
19, 428
71,494
13, 377
675,197
75, 952
44, 651
4,827
44,843
148,039
16, 294
35,490
14, 574
74, 237
35,954
469,741
136,989 161,757
59, 012 77,313
39, 276 47,352
86,383
88,128
73,819
95,192
321,002
56,785
44,184
96, 344
19, 272
762, 236
70,816
57, 111
6,256
51,236
154, 438
18,600
40,605
14,542
71,204
41,513
• 497,550
169,046
91,259
48, 078
101,145
88,021
176, 907 176, 084 228, 932 252,381
' 36,816 32, 080 43,909
50,433
11,595
' 7, 072
10, 256
7,724
22, 537 25, 562 30,934
25, 578
13,922 24,247
3,211
745
12,052
17,035
10, 384 15,413
19, 441 17, 111
' 23,459 20,160
198,889 219,395 240,809 245,169
14,179 24, 662
' 8,363 15,168
17,364
25, 445 26,535
32.143
9,580
8,969
6,513
12,511
4,217
3,800
898
2,778
13,021
15,245
14,026
14, 022
22,830 26,318 25,916
20,801
13, 290 12, 981 14, 753
15,289
TRANSPORTATION AND COMMUNICATIONS
TR AN SPORTATION
Airlines
Operations on scheduled air lines:
Miles
flown*
thous. of miles..
Express and freight carried
thous. of lb__
Express and freight ton-miles flown*.thous. of miles..
Passengers carried
number..
Passenger-miles
flown
thous. of miles..
Express Operations
Operating revenue
Operating income
thous.ofdol
do
20,452
5,746
1,619
727, 279
331,056
19, 783
5,429
1,648
723,187
332,315
24,532
72
23,919
64
23,164
24,108
26,019
26, 515
27,796
27,988
28,749
27,971
24,647
26,909
7,232
8,204
10,909
8,722
9,911
15,008
11,994
18, 275
16,414
24,010
2,227
2,390
2,982
2,666
2,387
3,643
3,170
4,620
4,389
6,318
917,945 1,057, 641 1,150,846 1,299,480 1,340,733 1,493,137 1,428,444 1,287,338 1,080,180 1,112,630
408,201
463, 294 514,999
565,087 573, 693
8,038 616.961 563, 229 473, 219 512,746
24,333
92
35,115
82
26, 728
25, 626
25, 798
73
26,134
26,410
73
69
28,327
87
31,223
Local Transit Lines
7.8807
7.8835
7. 9168
7.9638
7.9638
7. 9666
7.9666
7. 9749
Fares, average, cash rate
cents..
7.999
7.8641 7.8641 7.8641 7.8669
1,630,373 1,577,274 1,555,250 1,569,230 1,539,190 1,645,700 1,591,280 1,627.260
Passengers carriedf
thousands.. 1,627,630 '1.608,970 1,486,560 1,669,880 1,631,981 119,800 117,000 116,400 117,000 115,200 121,900 118,800 123, 700
Operating revenues!
thous.ofdol
118,600 106,900 118,700 118,882
' Revised. §See note marked " § " on p. S-20.
•New series. Data for 1926-45 for ton-miles of express and freight carried on scheduled airlines and data prior to February 1945 for imports from Colombia and Venezuela will be
shown later.
tRevised series. Data for local transit line revenues beginning in the April 1944 Survey and passengers carried beginning in the May 1945 issue are estimated totals for all local
transit
lines; revised data beginning 1936 will be published later.
S-22
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
January
1947
March 1947
1946
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class I Steam Railways
Freight carloadings (Fed. Reserve indexes):
123
138
Combined index, unadjusted
1935-39= 100.
148
163
Coal
do___.
133
184
Coke
do....
109
147
Forest products
do
152
157
Grains and grain products
.do
120
118
Livestock
do
74
74
Merchandise, 1. c. 1
do
29
44
Ore
do
123
139
Miscellaneous
do
133
150
Combined index, adjusted!
do
148
163
Coalt
do....
127
175
Cokef
do_._.
122
163
Forest products
do
152
157
Grains and grain products!
do
126
123
Livestockf
do
78
77
Merchandise, 1. c. 1
do
118
176
Ore!
do___.
134
152
Miscellaneous f
do
Freight carloadings (A. A. R.):<8>
2,884
3,168
Total cars
thousands..
759
'684
Coal
...do....
43
56
Coke
do
128
167
Forest products
do
207
216
Grains and grain products
do
65
68
Livestock
do
445
448
Merchandise, 1. c. 1
do
34
48
Ore
do
1,409
* 1, 274
Miscellaneous
do
Freight-car suplus and shortage, daily average:
18
4
Car surplusf
thousands..
20
Car shortage*
do
Financial operations (unadjusted):
541 640,972
Operating revenues, total
thous. of doL. 685,
453,490
551,050
Freight
do
137,605
82,
450
Passenger
do
496,031
538,968
Operating expenses
do
88,855
r
78, 295
Taxes, joint facility and equip, rents
do
57, 718 r 66, 647
Net railway operating income
do
33,887
Net incomej
do
Financial operations, adjusted:!
654.6
Operating revenues, total
mil. of doL.
459.9
Freight
do
143.6
Passenger
do
566.7
Railway expenses
do
87.9
Net railway operating income
do
50.9
Net income
do
Operating results:
52,076
Freight carried 1 mile
mil. of tons..
.940
Revenue per ton-mile
cents..
7,454
Passengers carried 1 mile
millions..
Waterway Traffic
132
155
166
134
130
111
79
35
136
139
155
165
134
141
140
78
121
143
2,867
740
32
146
209
73
471
25
1,171
3,982
938
66
208
237
79
620
50
1,785
16
5
579,136 646, 099
421, 243 483, 776
114,655 114, 562
450, 228 627,890
71,104 d 38,669
57,805 d 20, 459
48,826
28, 589
61
130
111
103
74
103
125
106
68
62
125
126
114
74
66
123
137
146
138
155
128
96
81
213
139
133
146
140
149
126
118
81
137
135
143
145
172
153
166
135
78
263
142
139
145
177
153
139
166
78
164
141
145
152
177
165
142
113
77
243
146
141
152
184
157
131
118
77
162
145
149
160
181
166
140
120
79
245
150
138
160
183
154
125
91
75
164
139
149
155
180
154
142
197
82
216
151
139
155
183
146
142
128
79
157
139
141
117
166
148
144
171
84
169
154
137
117
166
151
147
136
83
157
148
131
132
163
139
152
118
78
45
139
140
132
155
156
162
122
81
145
148
2,616
327
19
159
154
59
468
108
1,322
4,063
787
49
234
222
67
619
283
1,801
3,407
668
52
181
228
74
471
289
1,444
4,478
925
70
254
255
80
611
347
1,936
3,517
743
55
197
191
63
477
269
1,521
3,680
755
57
192
200
112
519
249
1,597
4,220
712
64
222
248
117
642
240
1,974
3,022
599
48
166
207
03
473
49
1,416
106
2
18
5
14
3
24
2
21
566, 702 532, 553 611,939
411,819 399, 215 458, 484
106, 082 92, 233 106, 604
508,097 492, 201 516,856
57, 003
48, 476 d45,132
10,128 d 4,780 38,080
d
20,993 37,074 14, 620
674,040
513, 252
112,383
542,164
69,069
62,806
32, 051
107
26
93
143
99
127
82
50
141
109
26
95
143
112
143
. 81
66
143
2,605
126
30
177
140
71
516
53
1,491
23
9
710, 224 660, 402
546,130 515, 623
112,115
95, 361
555,892 529, 798
72, 638 63, 241
81, 693 67, 362
52, 544 39,070
2
12
16
24
33
31
709, 938 658,160 637, 241
566, 968 522,806 493,531
89, 345 85, 510 92, 716
558, 424 536,081 549,828
66, 395 58,005 d 16,581
85,119
64,074 102, 995
57, 280 38,066 88,775
635.2
458.7
127.1
555.3
79.9
51.2
651.2
485.8
115.9
667.4
d
16.2
565.7
405.2
109.8
561.6
4.0
d
27.8
515.0
381.4
93.3
524.5
d
9.5
638.7
488.6
102.9
586.1
52.6
19.8
650.8
500.0
103.0
602.5
48.3
16.1
664.3
512.6
100.0
613.3
51.0
18.4
672.8
528.5
95.7
604.6
68.2
36.5
663.1
521.8
91.3
606.0
57.1
24.8
663.0
524.3
89.4
601.2
61.8
29.4
658.1
520.5
91.0
578.1
80.0
48,735
.935
6,079
56, 510
.924
5,955
39,841
1.101
5,472
42, 406
1.012
4,726
53, 524
.921
5,387
55, 236
.989
5,720
59, 466
.979
5,712
56,399
.975
4,927
60,848
.988
4,466
54,873
1.007
4,267
52, 712
.997
4,543
6,378
1,722
4,656
5,844
1,555
4,289
6,483
1,735
4,748
6,199
2,029
4,170
5,825
2,126
3,699
7,202
2,179
5,022
7,518
3,033
4,485
8,025
3,323
4,701
6,220
2,775
3,445
4,986
2,959
2,027
6,843
2,729
4,114
4.25
90
214
4.17
92
204
4.12
93
205
3.97
95
210
94
226
3.95
93
235
4.20
94
250
4.23
89
232
4.45
96
254
4.33
94
236
4.36
95
226
4.44
90
241
17, 989
97,348
21,080
20,865
1,027
5,604
10, 708
78, 221
Clearances, vessels in foreign trade:©
Total, U. S. ports.
thous. net tons.
Foreign
do—
United States
do....
Travel
Hotels:
Average sale per occupied room
dollarsRooms occupied
percent of total.
Restaurant sales index
avg. same mo. 1929=100.
Foreign travel:
U. S. citizens, arrivals.
number.
U. S. citizens, departures
do___
Emigrants
do...
Immigrants
do...
Passports issued cf
do...
National parks, visitors
numberPullman Co.:
Revenue passenger-miles
thousands.
Passenger revenues
thous. of doL
119
152
114
121
147
126
75
24
113
126
152
107
126
150
158
78
94
121
27, 340 35,092 29, 941 28,106
26,795
25,912 23,945
23,064
859
1,138
1,772
1,716
9,575
18,047
16, 859
19,390
8,667
12, 986 15, 047 22,091
99,338 129, 260 187, 377 276,674
4.16
84
208
27,009 29, 330 33, 287
34, 211 34, 270
27,708
2,907
2,166
1,884
13, 451 13,651
10,988
21,802 22,437
18,505
14,536
621, 794 1,075,421 1,152,584 695,958
13,500 • 14,186
14,470
87, 287
271, 570 118,066
2,563,744 2,082,683 2,196,055 1,899,120 1,628,486 1,774,797 1,666,970 1,637,261 1,499,617 1,408,912 1,165,408
12,094
10, 951 10, 373 10, 470
11,084
10, 928
9,903
13,488
9,636
9,458
8,429
COMMUNICATION S
Telephone carriers: 1
187, 610 179, 327 187, 727 189, 254 193,981 190, 708 192,187 194, 230 191,642 200,127 196, 489
Operating revenues
thous. of dol_.
100,993 98, 822 101, 773 103,625 104, 536 104,153 103,589 103,726 105,054 108,872 107,775
Station revenues
do
71,898 73, 777 75, 726 71,612 75,978
72, 357 66, 340 71, 762 71, 230 74,922
73, 343
Tolls, message.
do—
130,
473 129, 442 141,197 141,053 146,986 143,153 154,214 152,346 147,636 154,864 151,471
Operating expenses
do—
20,846
23,211
23, 614 18,359
21,171
27,962 23,548
21, 226 23,910
22, 391 22, 504
Net operating income
do....
27,608 27,908
27,340
28,156
25, 747 26,067
26,435
26, 782 27,086
28,463
28, 754
Phones in service, end of month
thousandsTelegraph and cable carriers: §
17,915
17,
573
16,
568
13,891
15,815
14,754
16,677
16,836
16,064
17,590
16,653
17,948
Operating revenues, total
thous. of doL
15, 372 16, 275 15, 380
14, 807 15, 546 15, 521 16, 673 16,437
16, 553
13, 583
Telegraph carriers, total
do___
12, 777 14,496
Western Union Telegraph Co., revenues from
594
571
649
554
568
582
587
712
557
677
507
678
cable operations
thous. of dol.
1,242
1,136
1,156
1,290
1,196
1,319
1,315
1,114
1,257
1,273
1,395
1,171
Cable carriers
do...
14,525
19,838
14,514
13,525
15,453
15, 673
13,654
14, 078 14,495
14, 466
15, 549
14, 877
Operating expenses
do__.
d 558
1,155 d 4, 621
d 865
1,242
404
d289
d 1,602
70
698
'6
d 2, 001
Net operating revenues
do__.
d
d
*795
700 d 3, 089 d 1,193
825
A 386
d 514
871
320
dSl
%,U3 - d 2, 075
Net income trans, to earned surplus
do__.
2,119
1,517
1,618
1,667
2,077
1,927
1,641
1,787
1,990
1,661
1,607
Radiotelegraph carriers, operating revenues
do.._
1,908 !
r
Revised. <* Deficit. ® Data for March, June, August and November 1946 are for 5 weeks; other months, 4 weeks.
JRevised data for December 1945, * $78,565,000. © Data continue series published in the 1942 Supplement; data for December 1941-February 1945 will be published later.
c? Includes passports to American seamen. 1 Data relate to continental United States.
§ Compiled on a new basis beginning 1943; see April 1944 Survey for 1943 data and reference for revised 1942 data.
*New series. For comparable data beginning 1943 for car shortages and surpluses and an explanation of a change in thel atter series, see p. S-21 of December 1944 Survey.
!Revised series. See note marked "*" regarding car surpluses. Revisions for 1939-July 1942 for the indicated indexes of car loadings are available on request. Revisions for
January 1937-February 1943 for the adjusted series for financial operations are available on request.
SURVEY OF CUEEENT BUSINESS
March 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1946
1947
January
S-23
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:*
Ammonia, synthetic anhydrous (100% NH3) <8>
short tons..
Calcium arsenate [100% Ca3(AsO4)2]
thous. of lb_.
Calcium carbide (100% CaC2>
__.short tons..
Carbon dioxide, liquid, gas and solid (100% CC^d 1
thous. of lb_.
Chlorine
.short tons..
Hydrochloric acid (100% HC1)
do—
Lead arsenate
thous. of lb_.
Nitric acid (100%HNO3)®
short tons..
Oxygen
mil. cu. ft..
Phosphoric acid (50% H3PO4)
short tons..
Soda ash, ammonia-soda process (98-100% Na2 CO3)
short tons..
Sodium bichromate
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous) •
short tons..
Sodium sulfate, Glauber's salt and crude salt cake
short tons..
Sulfuric acid (100% H2SO4)
do....
Organic chemicals:
Acetic acid (syn. and natural) prod.*
thous. of lb..
Acetic anhydride, p r o d u c t i o n * d
Acetyl salicylic acid (aspirin), production*
do
Alcohol, denatured:X
Consumption (withdrawals)
thous. of wine galProduction.
do...
Stocks
do—
Alcohol, ethyl: J
Production
thous. of proof galStocks, total
do...
In industrial alcohol bonded warehouses. . . d o - . .
In denaturing plants
do._.
Withdrawn for denaturing
do—
Withdrawn tax-paid
do...
Creosote oil, production*
thous. of gal.
Cresylic acid, refined, production*
thous. of lb_
Ethyl acetate (85%) production*
do—
Glycerin, refined (100% basis):*
High gravity and yellow distilled:
Consumption
do—
Production
do—
Stocks
_..do..Chemically pure:
Consumption
do...
Production
do-_.
Stocks
do...
Methanol, production^
Crude (80%)
thous. of galSynthetic (100%)
do—
Phthalic anhydride, production*
thous. of lb-.
85,121
1,765
50,675
41, 384
952
45,192
39, 738
1,139
40, 316
44, 271
1,610
44, 460
43,358
3, 256
40, 014
60,454
110, 088
35,144
4,923
64,138
1,101
78, 595
56,090
89, 707
26,822
6,421
34, 769
'715
73, 352
*• 54, 264
84, 741
26,791
7,567
31,123
606
74,425
65, 337
96,439
26,805
8,755
30,899
951
79, 500
75,334
94,865
26,867
8,665
31,311
'886
75,640
380, 589
6,979
173, 359
387,012
7,735
154, 499
342,625
7,134
143, 248
7,777
160,009
342,749
7,837
151,332
39.991
34, 524
32, 494
32,182
66, 275
891,877
r 51, 321
733, 874
53, 818
665,129
59, 298
764, 507
22, 983
45,733
23,143
38, 330
934
26,746
44,027
976
14,636
14,670
2,211
"•11,442
•"11,615
18, 549
' 10, 850
r 10,136
17,802
22, 398
30, 226
22, 939
7,288
27, 775
4,350
24,902
21,682
22,697
25,637
122,897 • 123,774 • 121,622 • 118,420
r 40, 326 r 42, 899 ' 37, 539 ' 39, 282
82, 571 ' 80,876
84, 083 r 79,138
21,393 r 18, 726 r 22, 085 ' 24,612
4,411
5,118
4,276
r 4, 579
12, 455
8,464
11,768
13, 296
2, 035
1,292
1, 529
2,169
6,412
7,610
6,421
7,751
34,511
3,192
36, 761
60,609
4,116
43,124
65,048
6,438
48,716
75, 794
8,081
53,399
77,492
2,608
53,940
1,916
57, 074
80,380
1,330
55,312
82,123
754
51,830
75,151
89,947
26, 331
7,810
32, 538
836
67, 273
78, 545
96,420
27,438
4,874
55,418
869
73, 689
88,137
98,314
27,960
1,848
57,066
904
65,858
96,571
102, 550
29,519
253
59,144
1,008
74, 574
78,786
104, 206
29, 789
1,624
54,136
997
73, 795
74,890
108,174
32, 394
2,259
61, 686
1,061
80,673
62, 048
97,135
30,150
2,865
63, 277
1,006
82,020
56. 787
102,628
30, 714
3,726
62, 460
r 1, 028
' 79, 788
303,174
7,096
139, 276
308,623
6,285
148, 741
361,056
6,864
160, 347
364,178
7,254
163, 615
358,628
6,601
164,652
382,026
7,066
168, 708
368,302
7,176
153, 275
385, 369
6,665
'165,186
29, 914
29, 261
35,020
39, 224
36,915
34, 714
41.188
34,442
32, 479
59, 525
803, 417
61, 679
780,191
58, 200
732, 515
55, 669
736, 242
56,988
762,674
57, 346
764, 592
63, 683
834, 215
52,494
849, 711
»• 64,878
891, 370
25, 529
44, 790
1,014
23, 266
40, 757
975
26,013
42, 546
676
26, 331
44, 521
572
27, 060
39,954
460
24,589
41, 209
574
27, 787
46, 376
710
r 27, 718
45, 033
1,010
31, 725
48,703
965
' 13, 569 ' 15, 733 ' 15, 608
»• 11,896 r 13, 261 * 13,851
13, 306
16, 224
10,007
r 14,645
12,382
14, 770
14,831
9,642
17,610
16, 044
8,082
18,946
16,019
5,131
21, 291
18, 913
2,744
19, 744
19, 625
2,633
17, 416
17,014
2,200
19,475
18, 600
113,110 110, 539
' 36, 312
37, 014
' 76, 798
73, 525
25,643 ' 22,834
' 3,866
3,579
9,519
10,137
1,362
1,903
6,542
7,180
16,619
98, 545
34, 239
64, 306
27, 377
4,684
11,180
2,181
9, 877
19,981
86, 474
31, 788
54, 686
29, 267
5,733
12,136
2,339
8,122
17, 796
72, 368
28, 779
43, 589
29, 274
4,364
12, 744
2,284
7,334
18, 743
58.189
29, 512
28,676
34, 938
5,284
13, 570
2,456
8,745
18,025
42, 351
26, 751
15,600
36,086
5,202
13, 027
2,100
10,170
20, 518
32,800
25, 745
7,054
31, 200
3,910
13,481
1,817
9,602
r
7,022
7,386
14,102
6,010
5,010
15, 864
5,588
5,323
17, 591
6,431
5,373
19, 347
5,780
18, 700
6,440
5,687
18, 297
6,865
5,319
16, 591
6,175
4,118
14, 821
6,286
5,211
13, 234
4,621
12, 805
5,395
4,638
12, 207
5,244
5,832
12, 709
5,978
7,431
15,163
6,963
7,662
17,941
6,336
7,636
16, 941
5, 446
7,741
19, 028
5,777
8,992
18, 634
5,568
8,000
19, 708
5,800
8,024
20, 881
5,379
7,634
21,894
5,249
5,558
21,122
5,745
6,864
22,017
4,924
6,594
22, 539
5,820
6,136
21,130
5,263
5,126
18, 054
5,791
' 6, 042
18, 392
276
264
7,237
9,061
231
6,259
7,094
248
6,991
9,777
231
6,616
9,217
260
1,119
8,128
248
5,878
7,739
250
6,753
8,921
245
6,823
8,467
230
6,592
9,334
276
6,593
9,276
250
6,674
11, 246
221
6,505
10, 344
1,435
239
1,196
1,344
258
1,087
11,317
65,032
716
119, 409
100,118
47, 862
8,958
3,929
1,412
134
1,278
114, 932
28,866
74, 787
348
83, 893
66,025
22, 437
10, 438
200
1,460
144
1,316
84,171
13, 214
63, 789
558
126, 525
110,854
65, 227
971
1,350
896
149
747
97, 079
13, 501
73,022
2,984
127, 231
113, 528
69, 553
714
520
115
405
85,191
15, 261
64,989
505
129, 963
109,104
79, 379
8,055
1,000
308
66
242
85, 783
13, 629
68, 202
313
114, 554
105,132
83, 556
2,210
0
368
159
208
110, 519
19, 801
83,362
534
72, 409
59, 598
28, 279
8,996
0
367
144
223
101, 575
13,170
80, 510
776
' 58,345
r
51, 891
13, 521
3,040
0
559
158
401
80, 934
7,388
63, 466
809
69, 266
63,877
11,716
1,463
0
584
63
522
95,832
2,871
86, 827
253
80, 941
67, 573
26, 929
7,809
0
529
82
448
83, 544
3,430
70, 254
2,125
64, 434
55, 712
23,141
3,446
0
195
734
104,336
5,577
83,752
4,720
39, 910
25,096
1,327
1.650
95, 769
1.650
73, 577
1.650
85, 314
1.650
79,778
1.650
60,172
4.650
77,868
1.650
73, 575
' 1. 925
72, 345
r 1. 925
69,690
' 1. 925
70, 263
' 1. 925
72, 770
• 712,125 • 737,357
• 861,950 • 688,319
788,489
546,229
• 704,192 • 642,983 • 679,777 • 701,522
• 539,818 • 667,144 • 740,853 • 720,517
721,475
709, 781
754,215
667, 912
750, 940
736,357
FERTILIZERS
Consumption, total*
_thous. of short tons._
Midwest States*
do
Southern States©
do
Exports, total?
long tons..
Nitrogenous t
do
Phosphate materialst
do
Prepared fertilizersX
do
Imports, total}:
do
Nitrogenous, totalj
do
Nitrate of sodat
do
Phosphates*
do
Potash:}:
do
Price, wholesale, nitrate of soda, crude, f. 0. b. cars, port
warehouses©
dol. per 100 lb_
Potash deliveries
short tons.
Superphosphate (bulk):f
Production
do—
Stocks, end of month
do
2.045
724,989
937,384
6,835
0
r 1. 925
783,275
796,677
MISCELLANEOUS
33, 336
43, 584
47,122
50, 307
51,187
45, 300
47, 092
38,069
42,190
47,327
35, 935
Explosives (industrial), shipments.
thous. of lb.
45,147
Gelatin :J
r
r
3,784
'r 3, 656
3,842
' 3,122
' 2, 947
' 3, 202
3,311
'
3,
606
r 2, 750 ' 3,142
3, 927
3,858
' 3,446
Production, total*
do—
2, 259
2,318
2,271
2,038
1,900
1,652
2,055
2,439
1,932
2,166
2,508
2,541
' 2,059
Edible*
do—
r
r
r
r
r
r
r
' 4,857
' 6, 076
6, 324
' 4, 726
r 3,864
5, 599
6,119
4,958
3, 999
' 5,408
6,089
5, 818
5,548
Stocks, total*
do--_
'2,299
2,695
2,315
1,743
2,505
2,716
2,652
2,180
1,824
2,346
2,763
2,628
2,878
EdibleJ
do—
Sulfur:*
Production
long tons. 321,415 318,722 286,316 281,490 284,473 305,330 304,472 347,936 356,355 335,300 333,041 355,179 351,028
Stocks
d o — 3,704,079 4,060,461 4,063,286 3,978,735 3,892,982 3,873,962 3,861,525 3,849,067 3,850,958 3,881,397 3,983,973 3,874,808 3,769,368
r
Revised, c? Data have been shown on a revised basis beginning in the March 1946 Survey.
• Data were revised in the September 1945 Survey; see note in that issue. O For a brief description of this series see note in April 1946 Survey.
<8> Data for nitric acid and ammonia include 2 additional plants beginning June 1946 and for the latter 1 additional plant beginning August 1946; see note in February 1947 Survey.
© Excludes data for Mississippi, which has discontinued monthly reports, beginning in the October 1946 Survey.
§ See note in the April 1946 Survey with regard to differences between these series and similar data published in the 1942 Supplement to the Survey.
the February 1947 Survey for further information on the series for ethyl alcohol and production of spirits at registered distilleries for industrial purposes.
*New series. See pp. 23 and 24 of the December 1945 Survey for data through 1943 for the indicated organic chemical series, except glycerin, and for ammonia, calcium carbide, oxygen, soda ash, and sulfuric acid (September 1941 revised, 572,579); data through 1943 for other inorganic chemical series have been revised or have not been published and there have also
been recent revisions in the 1944-45 data for some series and 1944 data for sulfuric acid; all revisions will be published later. For a brief description of the series for glycerin see note
in November 1944 Survey. Data for 1933-45 for fertilizer consumption by midwestern States and the total, which are from the National Fertilizers' Association, and for 1935-February 1945 for the new series on gelatin will be shown later. Data for 1940-43 for sulphur are shown on p. 24 of the May 1946 Survey.
t Revised series. See note in November 1943 Survey regarding change in the superphosphate series.
SURVEY OF CURRENT BUSINESS
S-24
March 1947
1946
Unless otherwise stated, statistics through 1941
and descriptive n o t e s m a y b e found in t h e
1942 S u p p l e m e n t t o the Survey
March
April I May
June
July
August
September
October
Novem- December
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
NAVAL STORES
Rosin (gum and wood) :
Price, gum, wholesale " H " (Sav.), bulk
dol. per 1001b_.
Production*
drums (5201b.)__
Stocks*
do
Turpentine (gum and wood):
Price, gum, wholesale (Savannah)f
dol. per gal..
Production*
bbl. (50 gal.)__
Stocks*
do
6.76
6.76
6.76
302,054
388,682
.84
85,908
100, 749
6.76
6.76
6.76
416,690
364,179
.84
.84
.84
145,477
77, 440
7.40
489,676
390,781
6.95
7.83
8.07
462,007
398.102
1.30
1.24
143, 055
101, 295
1.21
.84
129, 026
306,676
307,623
112,173
236,879
255,195
117,133
291,151
274, 512
115,984
208, 385
264, 817
48,688
52, 591
72,871
40, 558
48,141
81,423
40, 348
53, 213
91,807
50, 012
49, 360
92,996
49, 895
47,908
96,189
49,933
47, 633
95,171
44,982 40.238
38, 078 45,042
90, 569 103, 285
46, 764
43,879
92, 241
18, 509
1,646
107, 320
19,493
3,718
97,468
16,072
903
83, 822
16,224
648
73,676
14,931
831
60, 842
14,525
2,173
55, 484
13,319
13,876
58,906
13, 408
27,874
79, 276
15, 647 15, 465 17,028
18,976
18,374
24,870
21, 540 18, 726 10,812
7,867
93, 304 108,211 121, 676 114, 682 116,786
431
369
4,316
2,906
1,102
1,804
407
365
3,490
22, 283
19,149
3,134
327
335
10,290
17, 392
9,445
7,947
318
330
9,595
13, 492
5,077
8,415
287
296
29, 975
11,426
6,883
4,537
261
268
31, 605
6,438
3,559
2,879
235
219
17, 457
12, 351
8,290
4,061
261
264
16,817
17,863
11,085
6,778
255
255
8,361
12,001
6,232
5,769
279
368
7,660
25.107
19, 365
5,742
390
10,015
33, 973
21,112
12,861
409
418
14, 569
51,817
41,904
9.913
403
533
279
724
669
535
647
548
604
544
546
502
486
475
503
407
499
321
521
250
519
247
538
262
56,069
8,943
11,426
8,925
9,393
15,965
6,122
13,921
11,724
12,180
18,871
22,788
13,889
17, 488
18,129
15, 432
21,408
34,238
24,333
20.239
42,846
37, 710
31,294
36,975
48, 551
515
267
37, 510
34,742
38, 662
36, 278
27,381
12,964
15, 949
43, 495
33, 074
44,125
93,768
58, 654
62,871
26,648
12,919
5,323
229
14, 243
4,804
133
12,748
4,179
0
19,695
7,161
0
24,888
8,148
0
14, 218
8,571
0
30, 709
16, 055
945
42,707
20, 437
5
49,747
27, 724
121
38,577
17, 236
380
44, 655
16, 438
0
68,683
30, 909
11,430
4,689
12,016
5,043
17,557
3,371
20, 334
7.758
546
23, 988
8,737
39, 614
16, 603
47, 417
22,815
45, 306
26,614
18,827
16, 305
54,830
19,505
120, 694
1,505
114,103
1,882
120, 045 119,090
1,832
3,125
27,188
12, 729
85, 537
10, 258
25, 247
8,173
87, 005
12, 376
22, 353
8,504
108,493
5,475
92, 366 100, 880 105, 974
9,257
10, 541
7,780
77, 793
9,622
90,965
9,797
412
151
771
'464
'156
'634
285
133
482
228
116
370
163
33
241
103
9
147
54
9
100
42
60
118
111
140
95, 441
8,607
515
1,070
914
525
703
1,091
397
338
1,032
181, 204
158,905
204.045
' 60,868
125, 542
56, 001
100, 544
55, 571
68,680
48, 616
23,303
40,314
18, 234
31,628
37, 972
'27, 765
98, 629 228,936 232, 892
52, 276 58, 277 80,913
176,065
119,928
129, 368
105,959
144,148
130, 702
88, 893
105, 255
72, 347
91, 650
50, 834
63, 563
44, 252
45, 738
32, 626
43, 994
16, 781
24, 542
13, 518
23,333
26,021
27,114
69,807 160,011 164,961
63, 245 93, 603 101, 983
124, 786
98,093
108, 240
84, 004
18, 794
84, 568
18,034
77, 416
18, 491
84, 414
16, 542
84, 768
16,144
113,769
25,279
.302
113,015
170, 239
.143
112, 532
388,047
.143
109, 495
4C6, 486
.143
77,837
404,645
67, 513 65, 774 82,163
61, 321 93, 543 129,160
16, 501 13, 461 22,832 27,101
13, 504 16,132
.143
.143
.143
.163
.268
.262
0)
0)
69, 571 48, 258 33, 457 14,982 21, 354 26, 591 116, 300 138,120
394, 368 353, 322 316,186 263,154 197,152 157,
322 165, 771 165, 735
642
377
97
48
.96
.84
1.00
167,933
90,167
1.05
OIL SEEDS, OILS, FATS, AND BYPRODUCTS
Animal, including fish oil:
Animal fats:}
Consumption, factory
thous. of lb__
Production
do
Stocks, end of month
do
Greases: }
Consumption, factory
do
Production
do
Stocks, end of month
do
Fish oils:}
Consumption, factory
thous. of lb__
Production
do
Stocks, end of month
do
Vegetable oils, total:
Consumption, crude, factory
mil. of lb_.
Exported
thous. of lb__
Imports, totalcf
do
Paint oilscT
do
All other vegetable oilscf
do
Production
mil. of lb_.
Stocks, end of month:
Crude
do
Refined
do
Copra:
Consumption, factorycf
short tons. _
Imports cT
do
Stocks, end of monthef
do
Coconut or copra oil:
Consumption, factory:}
Crude
thous. of lb_.
Refined
do
Importsc?
do
Production:
Crude}
do
Refined
do
Stocks, end of month:}
Crude
do
Refined
do
Cottonseed:
Consumption (crush)
thous. of short tons. _
Receipts at mills
do
Stocks at mills, end of month
do
Cottonseed cake and meal:
Production
short tons__
Stocks at mills, end of month
do
Cottonseed oil, crude:
Production
thous. of l b .
Stocks, end of month
do
Cottonseed oil, refined:
Consumption, factory}
do—
In oleomargarine
do.. .
Price, wholesale, summer, yellow prime (N. Y.)
dol. per lb__
Production
thous. of lb_.
Stocks, end of month
do
Flaxseed:
Importsc?
thous. of bu
Duluth:
Receipts
do
Shipments
do
Stocks
do
Minneapolis:
Receipts
do
Shipments
do
Stocks
do
Oil mills:}
Consumption
do
Stocks, end of month
do
Price, wholesale, No. 1 (Minneapolis)
dol. per bu._
Production (crop estimate)
thous. of buLinseed cake and meal:
Shipments from Minneapolis
thous. of lb
Linseed oil:
Consumption, factory}
do
Price, wholesale (N. Y.)
dol. per lb_.
Production}
thous. of lb.
Shipments from Minneapolis
do.-.
Stocks at factory, end of month
do
Soybeans:
Consumption, factory}
thous. of bu
Production (crop estimate)
do...
Stocks, end of month
do.-.
443
;9,781
432
179
119, 264 117, 782 102, 231 97, 229 95, 743 8o, 595 73,125
194, 656 201, 757 136,182 193,029 194,810 61, 731 135,936
251,468 204,982 162,986 180,883 171,286 145, 205 135,550
39, 550
27, 698
78, 390
227
446
359
42.106
36,666
63,173
97,477 116,785
260, 976 242,506
179,567 232,347
39,291
46, 000
63,123
416
45,003
45, 637
64,907
.280
126,973
171,157
20
27
2
307
116
17
1,274
40
0
1, 315
175
210
1,279
142
288
1,134
114
751
496
278
482
292
114
231
175
210
133
194
883
629
448
591
387
652
1,938
1,396
1,194
211
1,077
327
479
257
3,513
362
68
4,078
323
248
3,355
638
225
2,576
365
210
1,691
233
197
1,042
468
134
620
554
173
261
2,725
481
1,202
3,174
751
3,219
2,752
547
3,967
1,877
1,941
3,905
750
73
3,889
1,790
2,828
7.25
2,777
4,260
3.10
2,317
2,636
3.10
2,015
2,846
3.10
2,091
2,306
3.10
2,046
2,495
3.27
2,470
2,789
3.35
3,692
2,739
2,789
3,309
3.95
2,343
3,644
4.00
2,150
3,488
5.22
2,284
2,849
7.26
1,883
3,362
7.27
2 22,962
33,960
32, 340
29,220
30,960
34,080
26, 820 24,840
24,960
41, 700
27, 840
34, 020
37, 200
34,080
44,978
.366
34,823
20, 460
140,898
44, 257
.155
56, 016
27, 720
173, 663
43,054
.155
45, 749
24, 600
152,812
43, 227 44, 246 42, 302
.178
.188
.354
46, 494 42, 624 44, 712
23,040 26, 760 27,840
128,653 126,136 136, 550
41,891
.358
36, 696
21,720
152, 069
17,115
51, 297 48,938 45, 737 41,603
46, 652
.155
.155
.155
.155
.176
.168
50, 522 75.884 57, 290
41,371
40, 622 42,129
26, 580 23,880 23, 520 20,100 20, 400 22, S80
138, 748 132, 346 117, 589 115, 468 121,810 128,814
16,310
15, 319
15, 241
42, 777
39, 371
37, 249
14, 214
13, 984
12,051
12,957
27, 799
22, 753
16, 702 "~9~l76
11,955
9,033
10,929
15,054
"~i~793 "40," 235
56,989
15, 669
2196,725
60,024
34, C87
' Revised. 1 No quotation. 2 December 1 estimate.
cf Data continue series published in the 1942 Supplement; unpublished data through February 1945 for the indicated series will be shown later.
}Revisions for 1941-42 for coconut or copra oil production and stocks and linseed oil production and for 1941-43 for other indicated series are available on request.
*New series. See p. S-24 of the May 1946 Survey for a brief description of the new series for turpentine and rosin and data beginning 1945; data beginning in 1942 will be shown
later.
t Revised series. See note on p. S-23 of the November 1943 Survey regarding change in the turpentine price series.
' "56," 104
March 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in t h e
1942 S u p p l e m e n t t o the Survey
January
1947
January
February
I
!
{
March | April | May i June
S-25
1946
I
i
July
August
September
October
Novem- December
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
QIL SEEDS, OILS, FATS, ETC.—Continued
Soybean oil:
86, 023
Consumption, factory, refinedj
thous. of lb_.
90, 770
Production:!
151,620 143,436 135,103
Crude
do
Refined
do
126, 298 112.617 129,887
Stocks, end of month:\
97, 277 140, 352 149,410
Crude
do
79, 522
95,906
Refined
do
Oleomargarine:
47, 644 «• 44, 625
Consumption (tax-paid withdrawals) §
do
Price, wholesale, standard, uncolored, (Chicago)
.165
.165
dol. per lb__
.393
r 48,093 r 45, 502
Production §
thous. of l b . .
Shortenings and compounds:
131, 754 118,797 119, 343
Production
do
45, 719
43, 635
51, 391
Stocks, end of month
do
.165
.165
Vegetable price, wholesale, tierces (Chi) .dol. per lb__
0)
88, 478
90, 566,
94 936
86, 459
85, 466
98,870
89,810
94, 787
106,744
95, 542
134, 747
119, 199
125,990
112,155
124 587
114, 395
107,904
105,136
116,508
96,301
107,441
106,081
86, 612
88,106
98,841
86, 669
134,303
120,031
137, 262
121,932
150, 589
110, 079
153,079
114,637
148 334
111 749
137, 539
116,356
146,866
103,110
131,659
90, 535
116, 522
77, 293
111,756
55,998
108,591
52, 604
98. 538
61, 758
M5, 510
41,837
M l 530
34, 567
37, 232
40,781
32, 373
51, 428
56, 550
57, 680
165
46^ 677
.165
43, 495
165
M l 968
.165
r 36,062
(0
47, 262
0)
43,402
.195
37, 067
.270
60,271
.420
62,966
.412
59, 771
108, 434
39, 793
165
113,829
44,002
.165
123,847
46, 233
.165
103,861
45,868
.165
100,896
44,045
134,921
42, 503
(])
100, 740
52,830
.171
127,694
51, 442
.171
157,006
41, 578
1.%. 7ti(f
41.305
0)
0)
PAINT SALES
Calcimines, plastic-texture and cold-water paints:*
Calcimines
thous. of doL.
Plastic-texture paints
do
Cold-water paints:
In dry form
do
In paste form for interior use
do
Paint, varnish, lacquer, and fillers, total
do
Classified, total
do
Industrial
do
Trade
do_...
Unclassified
do
111
75
100
87
98
85
100
113
96
91
96
111
73
115
87
135
73
129
66
135
199
269
56,556
50,415
19, 983
30, 432
6,141
262
240
54, 573
48,891
17, 643
31, 248
5,682
305
274
64, 697
58, 279
20,940
37, 339
6,418
365
271
72, 339
65, 021
24, 256
40, 765
7,318
439
281
72, 463
65,134
24, 475
40,659
7, 329
476
244
66, 071
59, 422
23, 653
35, 769
6,649
500
269
65,202
59, 258
24, 259
34,999
5,944
534
286
68,482
61, 240
26, 060
35,180
T
7, 242
454
217
63,054
55, 763
24,014
31,759
7,280
555
261
69,991
63,156
28,219
34, 937
6,836
1,564
6,690
1,514
1,549
6,025
1,435
1 752
6, 504
1, 521
1,861
7,181
1, 714
1 643
251
1 532
1,883
7,167
1,524
1, 509
7,242
1, 539
1,535
7,001
1,515
1,977
7,472
1,697
1,073
5,984
1,233
64 I
146 |
420 !
330
371 i
282
"70,136
73. 538
" 62, 483
66. 131
' 27, 374
30. 342
• 35,109
35. 789
r
7, 652
7. 4(i7
CELLULOSE PLASTIC PRODUCTS
Shipments and consumption: <g>
Cellulose acetate and mixed ester plastics:
Sheets, rods and tubes
thous. of lb_.
Molding and extrusion materials
do
Nitrocellulose, sheets, rods, and tubes
do
1,920
7,657
1,597
1,826
6, 736
1,429 !
1. t.91
7. 951
i. m
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total*.mil. of kw.-hr.
Industrial establishments*
do
By fuels*
_
- do
By water power*
do
Utilities (for public use), totalf .
do
By fuelsf
__.._.do. .
By water powerf
do
Privately and municipally owned utilities ...do
Other producers
.
do
Sales to ultimate customers, total (Edison Electric
Institute)!
mil of kw-hr
Residential or domestic
do
Rural (distinct rural rates)
do
Commercial and industrial:
Small light and power!
._ __ __. __. -do
Large light and powerf
do
Street and highway lighting! . _ _ _ _ _ _ _ __do __
Other public authorities!
do
Railways and railroads!
--do _ _
Interdepartmental!
__^
___do
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous. of dol_.
GASt
Manufactured and mixed gas (quarterly):
Customers, end of quarter, total. .
thousands Residential (incl. house-heating)
_ _ do
Industrial and commercial
do
Sales to consumers, total _ . . . _ ..mil. of cu. ft_.
Residential
__
do
Industrial and commercial
do
Revenue from sales to consumers, total.thous. of dol
Residential (incl. house-heating)
do
Industrial and commercial
_
- d o
Natural gas (quarterly):
Customers, end of quarter, total
thousands
Residential (incl house-heating)
do
Industrial and commercial
_ _ _ do . _
Sales to consumers, total
mil. of cu. ft
Residential (incl. house-heating) _ __
do _
Industrial and commercial
_.
do . . .
Revenue from sales to consumers, total thous. of dol
Residential (incl. house-heating)
__do___
Industrial and commercial
do
r
25,957
4,321
3,896
425
21,636
14,500
7,136
18, 545
3, 092
22,163
3,760
3,305
455
18,403
11, 292
7,110
15, 901
2,501
19,449
3, 256
2,829
426
16,193
9,967
6,226
13,900
2,294
21, 675
3,875
3,468
407
17, 800
10,521
7,278
15,288
2,512
21,265
3,787
3,329
459
17,477
10,797
6, 680
15, 076
2,402
21,288
3, 613
3,139
474
17, 675
10, 577
7,099
15,162
2, 514
21, 441
3,818
3,381
437
17, 624
10,943
6,681
15, 212
2,412
22,583
3,963
3,551
412
18, 620
12, 204
6,416
16, 045
2,575
23, 669
4,155
3,788
366
19,515
13, 389
6,125
16, 783
2,731
22,788
3,983
3,674
309
18,805
13,169
5,636
16,123
2,682
24, 430
4,208
3,867
341
20,222
13,935
6,287
17,316
2,906
23,943
3,994
3,675
319
19,949
13,669
6,280
17,119
2,830
15 757
3' 658
242
14,920
3,505
243
15,091
3,282
249
15,233
3,094
328
15,064
2, 994
379
15,185
2,954
443
15, 608
2,883
470
16,474
2,900
548
16, 358
3,018
489
16, 721
3,130
410
16, 933
3,414
328
2, 755
7,596
229
512
708
57
2,708
7,083
198
518
614
51
2,622
7, 592
193
486
613
53
2,595
7,916
174
483
591
52
2,578
7,869
160
463
570
51
2,617
7,963
147
459
550
51
2,718
8,309
154
464
558
52
2,815
8,953
168
468
572
51
2,825
8,800
184
455
537
50
2,821
9,064
206
471
572
47
2,S44
8,908
222
460
609
49
297, 601
288, 746
278, 337
277,145
279, 659
286, 945
292, 587
300, 489
r
24. 875
4.028
3,672
356
r
20. 847
r 14, 269
' 6, 578
17,842
r
3. 005
r
T
282, 543
278, 544
288,041
10, 557
11, 690
256
171,804
120,212
49, 588
142, 919
107, 723
34,008
10,687
699
11,394
133,355
88, 856
43 139
122,181
92,055
29, 245
10, 616
694
11,319
110,834
70,113
39, 657
107, 835
80, 923
26, 214
11.411
10. 687
714
146,40(
98,474
46,171
130,15?
97. 743
31,345
9,153
8 521
627
638,355
250, 766
361, 322
229,428
144, 875
80, 721
9,171
8,554
612
508,141
129,143
361,315
159,853
85,177
72 265
9, 259
8 654
600
465, 984
73, 020
383,859
131,165
56, 383
73,393
9,478
8,8.12
661
573. 0U.
161,021
400, 202
188,587
101,256
8*; 239
Revised. 1 No quotation. J Minor revisions for 1941-43 are available on request.
§ Revisions: Consumption—1945, July, 37,645; October, 46,411; November, 42,288; December, 43,013; 1946, February, 44,625; March, 45,510; May, 41,530; production—1945, July.
53,716; August, 50,239; September, 44,631; October, 49,736; November, 46,633; December, 44,449; 1946, January, 48,093; February, 45,502; May, 41,968; June, 36,062. See February 1947
Survey for reference to July 1941-June 1945 revisions.
• Data for some items are not comparable with data prior to 1945; see note for calcimines, plastics and cold-water paints at bottom of p. S-23 of the December 1945 Survey.
! For 1943-44 revisions for the indicated series see notes at bottom of pp. S-23 and S-24 of the May 1945 Survey.
<S> Data for sheets, rods and tubes are comparable with similar data in the 1942 Supplement; see note in September 1946 Survey regarding change in data ior molding, etc. maieriaL-.
* New series. For data for 1939-45 for production of electricity by industrial establisments see p. 32 of the February 1947 Survey.
Revised
series. Gas statistics are shown on a revised basis beginning in the December 1946 Survey; see note in that issue. For revised figures for the indicated series on electrie
Digitized tfor
FRASER
power production see p. 32 of the February 1947 Surrey; revised figures for 1920-July 1945 for "other producers" will be shown later.
S-26
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
J 942 Supplement to the Survey
January
1947
March 194T
1946
JanuFebruary I arv
March
April
May
June
July
August
September
October
Novem-!December « ber
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:f
Product ion
thous. of bbl_ _
Tax-paid withdrawals
do. _
Stocks, end of month
do__
Distilled spirits:
Apparent consumption for beverage purposes!
thous. of wine gal
Imports§
thous. of proof gal
Productionf
thous. of tax gal._
Tax-paid withdrawals!
do_
Stocks, end of monthf
do
"Whisky:
Imports!
thous. of proof gal
Productionf
thous. of tax gal..
Tax-paid withdrawals!
do.
Stocks, end of monthf
do.
Rectified spirits and wines, production, totalf
thous. of proof gal..
Wh isky
do...
Wines and distilling materials:
Sparkling wines:
Imports§
thous. of wine gal
Product ion f
do _ _.
Tax-paid withdrawals!
do...
Stocks, end of month f
do...
-Still wines:
Imports§
Production •
Tax-paid withdrawalsf
Stocks, end of monthf
Distilling materials produced at wineries*
7,521
6, 870
r 8, 444
6,890
5,965
9,134
r
' 7,327
' 6, 600
' 8, 829
' 5, 485
'5,618
' 8, 463
' 5, 664
' 5, 728
' 8,148
r 5, 890
' 6, 007
'7,819
r
6, 844
' 6,374
' 8,035
7,373
7,209
7,881
6,723
7,476
6,888
8,436
7 228
7,838
7,948
7,110
8,309
6,610
6,523
8,175
7,136
6,461
8, 467
38, 437
12, 498
454,426
18.916
18,719
19,470
1,194
1,580
1, 161
20,912
26, 690
24,788
' 11, 240 ' 10, 981 ' 11,182
392, 446 403,776
410, 226
19, 393
19,124
2,078
1,964
19, 719
15, 304
' 10, 672 ' 10,929
417,419
418,657
18, 535
1,525
13,486
' 9, 631
420, 262
19, 068
1,467
16,011
12,120
421,390
19, 392
1,130
15, 538
11,519
420, 947
17, 691
1,312
25,020
11,115
420, 778
20, 408
1,611
31,488
13,184
418,925
19, 933
1,447
20,703
12, 734
419, 350
19,739
1. 219
31,802
12,173
433,117
24, 583
5,952
408,517
960
17,104
5,933
350,164
847
14, 974
5, 302
358,913
970
12, 856
5, 576
364,016
932
12. 549
5, 282
370, 268
1,032
8,155
5,019
371,862
708
7,382
3,933
374, 072
711
8,526
4,903
376, 213
639
7,504
4,870
377, 290
833
8,517
4,915
378, 902
969
9 257
5^968
380,295
1,033
7, 838
6, 454
380, 557
873
19,790
5, 816
391,613
13,442
11,549
12. 520
10,447
13.612
10, 876
13, 928
10, 924
13, 476
10,510
11,991
8,991
14, 450
11,764
15, 036
12,150
14,415
12,484
16, 202
14, 429
15, 104
13, 462
13,903
12. 173
24
155
126
896
8
167
121
938
15
215
145
1,000
43
283
144
1, 129
66
248
153
1,216
56
194
168
1,225
48
238
167
1,291
32
241
194
1,331
39
249
166
1,400
46
251
254
1,389
184
230
1, 325
299
668
12,814
139,158
2,883
321
670
11,984
126, 599
5,637
476
676
11,246
115,362
7,478
414
655
11,100
102, 014
7,938
532
974
10,177
91, 995
10,041
439
5,009
10, 642
85, 435
16,186
319
51,133
10, 321
129, 098
97, 470
443
84,152
12,065
206, 301
144, 854
470
20,909
11,538
216,770
56,709
.473
76,815
14,925
.473
91,140
14, 052
.473
113,995
26,856
.523
119,325
49, 649
.694
127,330
69, 510
.705
115,765
84, 980
.768
104,830
73, 931
.840
97, 495
59, 586
1,663
2,699
2,652
3,089
.409
106, 470
81,010
160, 272
126, 899
.435
93, 330
70, 340
157,180
126, 084
129,941
101,185
6,619 i
3,066
135,652 I 89,447
2,955
55, 233
1,979
30,767
3, 634
39,791
15. 590
46, 037
7.92
5.79
8. 25
5.88
8. 25
5.38
do
do
do
do
do
274
153
900
661
8, 692
9, 785
163,320 152. 660
4,403
2. 231
!
I.
|.
j.
!_
331
DAIRY PRODUCTS
Butter, creamery:
Price, wholesale, 92-score (N. Y.)±
dol. per lb_
Production (factory)f
thous. of lb.
Stocks, cold storage, end of monthcf
do___
Cheese:
Imports§
do___
Price, wholesale, American Cheddars (Wisconsin)
dol. per lb.
Production, total (factory) f
thous. of lb.
American whole milk!
do...
Stocks, cold storage, end of monthcf
do...
American whole milk
do.._
C jndensed and evaporated milk:
Exports: §
C ondensed
do_ _ .
E vaporated
do.. _
Prices, wholesale, U. S. average:
Condensed (sweetened)
dol. per case.
Evaporated (unsweetened)
do. _ _
Production:
Condensed (sweetened):
Bulk goods*
thous. of lb.
Case goods!_
do. __
Evaporated (unsweetened), case goods!
do___
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of l b .
E vaporated (unsweetened)
do...
Fluid milk:
Price, dealers', standard grade
dol. per 100 l b .
Production
mil. of lb_
Utilization in manufactured dairy products!.. _do___
Dried skim milk:
Exports§
thous. of lb.
Price, wholesale, for human consumption, U . S .
average
dol. per l b .
Production, total!
thous. of lb.
For human consumption!
do...
Stocks, manufacturers', end of month, total
do__.
For human consumption
do...
.473
69,520
32,135
.666
97,295
18,144
.383
74, 389
55,719
114,878
87, 442
.473
66,030
19, 462
1, 533
489
1,464
1, 461
. 233
62, 880
44, 440
106, 623
95, 725
.270
62, 765
43,865
91,372
81,913
.270
77, 665
53,160
86, 998
74,420
.270
98,145
62, 185
84, 845
73,054
.270
125, 095
91,140
102,142
86, 089
.295
129, 500
96, 930
136, 759
110,807
13,626
91, 591
7,185
103,114
9,791
112,217
10, 899
82, 005
9, 786
101,653
5, 667
38, 760
6. 33
4. 15
6.33
4.15
8.25
5.86
6. 33
4.15
6.33
4.14
6. 33
4.21
1,275
1,807
.371
116, 625
87, 830
148, 786
120,136
6.33
4.54
6.79
5.09
7.03
5.32
5.46
()
83,340
60, 785
.816 j
.822
81,260 i ' 89,035
41,477 ' 27, 874
1,384
1, 304
.449
.399
70, 500 i ' 69, 680
51,655 j r 50,920
123,435 I'123. 592
92, 422 r 93 873
29,975
7,440
206, 300
32, 240
8, 800
181,400
35, 875
8,140
182.500
49, 705
10, 025
235, 200
70, 795
10,190
297,400
102,915
12, 600
381,000
104,170
13,170
385, 800
90,720
10,800
336,600
75, 680
10, 400
291, 400
57, 865
8,250
242,000
42,420
7,450
195,600
26,635 ! 32,185
6,275 I 6,780
169,100 I 183, 550
4,431
130, 902
4, 991
54, 098
5, 044
46, 245
4,415
59, 045
5, 551
80, 577
7,748
150,579
9,617
219,180
10,536 ! 10,826
229,172 211,690
12, 505
202, 775
11,377
171,026
8,701
148,210
4.94
8,808
3,300
3.27
8,615
2,573
3.28
8,292
2,493
3.29
9, 796
3,002
3. 30
10,540
3. 664
3.32
12,301
4, 638
3.47
12, 644
4,803
3.90
11,956
4,685
4.22
10, 834
4,226
4.40
9,404
3,724
4.49
8, 906
3,334
25, 285
27, 164
15, 856
4,014
5,101
20, 992
23, 596
11,683
6,022
14,728
4, 540
.144
38,690
37,800
13,181
12,860
.144
40,380
39,450
14, 551
14, 313
.145
57, 380
56,350
21,014
20.778
.144
71,390
69, 750
35, 402
34, 832
. 145
94,150
91,800
72, 572
71, 448
. 143
92, 575
89, 450
85, 212
83, 566
.146
73,400
71,300
80, 546
78,930
.145
56, 725
55,300
67,192
65, 712
.147
39,840
39,100
61,098
59, 698
.146
29, 410
29, 060
44, 652
44, 852
.147
24,150
23, 800
33,377
32, 786
.145
35, 695
35, 100
38,891
38. 299
5, 841
19, 498
20, 988
5,175
10,963
20, 851
4,376
6.308
19,751
2, 671
3, 522
19, 229
1, 530
1,497
21,123
458
634
17,171
243
249
13,315
1,046
112
8,755
1,319
513
7,724
6,143
10,145
6,867
11,720
31, 973
10,961
6,940
33, 413
15, 503
442, 974
362, 314
344, 026
321, 765
291, 148
278,109
395, 754
459,581
501,914
510,257
497, 802
.131
46, 080
45,130
45, 947
45, 600
r
r
8,358 I
5,230
129.464
4.91 |
4.96
8,194
8, 400
2, 809
' 3, 016
FRUITS AND VEGETABLES
A pples:
Production (crop estimate)
thous. of bu_.
Shipments, carlot
no. of carloads. _
Stocks, cold storage, end of month
thous. of bu__
Citrus fruits, carlot shipments
no. of carloads..
Frozen fruits, stocks, cold storage, end of month
thous. of lb_.
Frozen vegetables, stocks, cold storage, end of month
thous. of l b . .
Potatoes, white:
Price, wholesale (N. Y.)
Production (crop estimate)!
Shipments, carlot
dol. per 1001b._
thous. of b u _ .
no. of carloads..
319,980
172,512
156, 274
147, 394
2.538
3.060
3.000
3.844
20, 667
26,124
21,873
30,954
140, 277
4.115
144, 573
3.894
24,282 | 30,203
297, 629
175,704
227, 541
3. 344
30,62'
3.465 i
25,095
r
351,273
351,474
3.012
3.188
2.515
2.312
21,505
21,405
24,862
284, 809
317, 691
121,520
' 6, 682
' 27, 344
r
19,381
•470,710
333,084
2. 495
21,567 1474,609
' 16,905
R e v i s e d . l D e c e m b e r 1 e s t i m a t e . 2 No q u o t a t i o n . + See n o t e in J u n e 1945 S u r v e y for e x p l a n a t i o n of this piice series, cf See n o t e m a r k e d "cf " o n p . S-28.
O Distilling m a t e r i a l s p r o d u c e d a t wineries, s h o w n s e p a r a t e l y a b o v e , were formerly c o m b i n e d w i t h p r o d u c t i o n of still wines.
§ D a t a c o n t i n u e series p u b l i s h e d i n t h e 1942 S u p p l e m e n t b u t s u s p e n d e d d u r i n g t h e w a r period; d a t a for October 1941-February 1945 will b e p u b l i s h e d later.
• R e v i s e d 1943 d a t a are o n p . 13 of t h e M a r c h 1945 S u r v e y ; see n o t e on i t e m in F e b r u a r y 1945 issue regarding earlier d a t a : J a n u a r y 1944-June 1945 revisions will be s h o w n later.
t Revisions for c o n s u m p t i o n of distilled spirits for beverage p u r p o s e s a r e s h o w n o n p . 22 of t h e J u l y 1946 S u r v e y . See n o t e m a r k e d " ! " on p . S-25 of t h e A p r i l 1946 S u r v e y for
reference to 1941-44 revisions for other alcoholic beverage series a n d p . S-27 of t h e M a y 1946 issue for revisions for fiscal year 1945. ( J u l y - D e c e m b e r 1945 revisions: Distilled spirits,
t o t a l : p r o d u c t i o n — J u l y , 44,709; A u g u s t , 39,756; S e p t e m b e r , 18,042; stocks—July 364,143; A u g u s t , 366,516; S e p t e m b e r , 363,497. Rectified spirits a n d wines: T o t a l — J u l y , 9,617;
A u g u s t , 10,805; S e p t e m b e r , 11,486; October, 14,744; N o v e m b e r , 13,940; D e c e m b e r , 11,316. W h i s k e y — J u l y , 7,988; A u g u s t , 8,921; October, 12,679. Still wines: P r o d u c t i o n — J u l y ,
4,159; S e p t e m b e r , 65,971; October, 168,925: N o v e m b e r , 83,205; D e c e m b e r , 18,367. T a x - p a i d w i t h d r a w a l s — J u l y , 5,002; A u g u s t , 5,396; S e p t e m b e r , 5,210; October, 7,801. S t o c k s -
Revisions for 1920-45 for utilization of fluid m i l k in m a n u f a c t u r e d d a i r y p r o d u c t s are available o n request; see notes m a r k e d "f"
erence to 1941-43 revisions for t h e indicated d a i r y p r o d u c t s series; final revisions for all d a i r y p r o d u c t s for 1944 a n d p r e l i m i n a r y
http://fraser.stlouisfed.org/
o r a t e d , a n d dried s k i m m i l k will be p u b l i s h e d later. R e v i s e d estimates of p o t a t o crop for 1929-40 are available on r e q u e s t .
Federal Reserve Bank of St. Louis
on p p . S-25 a n d S-26 of t h e A p r i l 1946 S u r v e y for refrevisions for J a n u a r y - J u n e 1945 for condensed, evap-
SURVEY OF CURRENT BUSINESS
March 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
1946
1947
January
S-27
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN" PRODUCTS
Exports, principal grains, including flour and mealed
thous. of bii-_
Barley:
Exports, including maltcf
do
Prices, wholesale (Minneapolis):
No. 3, straight
dol. per bu__
1.70
No. 2, malting
do
1.78
Production (crop estimate) t
thous. of bu__
10, 241
Receipts, principal markets
do
20, 608
Stocks, commercial, domestic, end of month
do
Corn:
Exports, including meald"
thous. of bu._
Grindings, wet process
do
12, 705
Prices, wholesale:
1.43
No. 3, white (Chicago)
dol. per bu._
1. 33
No. 3, yellow (Chicago)
do
1.21
Weighted average, 5 markets, all grades
do
Production (crop estimate) f
thous. of bu _.
Receipts, principal markets
do
49, 913
Stocks, domestic, end of month:
Commercial
do
31, 667
On farms t
do
Oats:
Exports, including oatmealcf
do
.84
Price, wholesale, No. 3, white (Chicago)-dol. per bu...
Production (crop estimate)!
thous. of bu._
" 11," 543
Receipts, principal markets
do
Stocks, domestic, end of month:
7,360
C ommerci al
do
On farms f
do
Rice:
Exportscf
pockets (100 1b.)-Imports 6"
do
.066
Price, wholesale, head, clean (N. O.)
dol. p c r l b . .
Production (crop estimate) f
thous. of bu_.
California:
Receipts, domestic, rough
bags (100 1b.)__ 863, 324
601,980
Shipments from mills, milled rice
do
Stocks, rough and cleaned (in terms of cleaned),
end of month
bags (100 lb.)-- 327, 349
Southern States (La., Tex., Ark., Term.):
680
Receipts, rough, at mills
thous. of bbl. (162 lb.)._
Shipments from mills, milled rice
1,814
thous. of pockets (100 lb.)__
Stocks, domestic, rough and cleaned (in terms of
3,396
cleaned), end of mo _ thous. of pockets (100 lb.)__
Rye:
Price, wholesale,No.2 (Minneapolis)
dol. per bu._
Production (crop estimate)!
thous. of bu_.
469
Receipts, principal markets
do
Stocks, commercial, domestic, end of month
d o . . _ 2,465
Wheat:
Disappearance, domesticf
do
Exports, wheat, including flourd"
do
Wheat only cf
do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
2.25
dol. per bu__
2 33
No. 2, Red Winter (St. Louis)
do. . .
2.09
No. 2, Hard Winter (K.C.)
do
2.18
Weighted aw, 6 mkts., all grades
do
Production (crop estimate), totalf
thous. of bu_.
Spring wheat
do
Winter wheat
do
Receipts, principal markets
do
38,254
Stocks, end of month:
131,889
Canada (Canadian wheat)
do
United States, domestic, totali t
do
"48," 432"
Commercial
do
Country mills and elevatorsf
do
Merchant mills
do
On farmsf
do
Wheat flour:
ExportscT
do
Grindings of wheatf
do
Prices, wholesale:
11. 52
Standard patents (Minneapolis) §
dol. per bbl._
11.10
Winter, straights (Kansas City)§
do
Production (Census) :$
Flour
thous. of bbl._ 14, 238
92.3
Operations, percent of capacity
Offal
thous. of lb._ 1,112,708
Stocks held by mills, end of month
thous. of bbl._
42, 572
38, 544
33, 417
28. 346
21,168
41, 542
28,845
27, 347
24,134
12,333
2i\, 987
35, 135
609
475
871
814
793
570
245
402
249
209
489
435
1.30
1.32
1.30
1.31
1.34
1.35
1.34
1.36
1.40
1.43
1.43
1.45
1.61
1.66
1.61
1.66
1.67
1.70
1. 61
1. 70
1. 62
1.72
6,879
17, 652
5, 089
14, 624
8,868
11,300
5, 062
8, 335
4,116
«• 5, 939
4,668
4,464
8,284
3,983
18, 250
11, 554
22, 046
18, 248
14,840
26. Nil
269
7,791
417
5,759
565
11,385
152
9,322
2,024
9,722
7, 036
10, 636
2,508
9,469
997
9,977
111
10, 456
385
11,652
0)
0)
(0
0)
0)'
0)
1.17
.92
.94
1.26
0)
.99
1. 11
1.45
1.30
1.53
1.40
2.32
2.17
2.03
0)
0)
1.93
1.88
0)
1.89
1.83
2.10
1.82
1. 63
1. 69
1.77
2
263, 350
^8,026
9,214
20, 985
•24,510
]. 50
1.34
1.25
2,287,927
44,311)
40, 562
1.75
1.39
1.31
31, 962
33,196
16, 581
16,153
29, 383
11,103
23,924
16, 830
16,493
26, 886
23, 608
1,032,856
19, 511
29,171
15,904
496, 928
11,864
11,768
4,944
3 153,003
4, 076
14, 758
3,021
.80
5.526
.81
2, 010
2,835
1.89
653
0)
0)
0)
337
.82
2,384
.78
3,872
.81
946
.86
2,517
.85
0)
18, 062
21, 762
13,104
16, 473
11, 045
5,478
25,315
30, 832
18,922
11, 426
38, 775
28, 921
23, 890
571, 372
14, 234
6, 578
3,153
3 274, 862
7,181
15,080
20,319
1,155,691
19, 669
14,185
941,488
8,807
.066
815,915
920, 815
7,817
.066
698, 915
3,166
.066
339, 350
18, 580
.066
646, 012
3,742
.066
305, 369
3,098
.066
63, 686
13, 383
. 066
141, 848
5, 955
.066
89, 520
6, 668
493,561
361, 417
412,082
357,147
394, 471 363,534
224,996 • 240, 002
372, 348
216, 602
406, 543
283, 065
385, 943
239, 753
219, 032
299,916
330, 078
241,973
272, 359
264, 032
275, 655
262, 672
537
316
267
108
81
25
1, 731
1, 562
1,121
683
462
253
439
184
3,777
2, 598
1, 772
1,190
821
591
171
485
1.98
2.13
2.36
2.70
2.84
2.85
2.09
1.95
480
3,868
404
3, 340
476
3,113
317
1,016
270
461
72
322
193
262
"1,016
38,196
27,733
31,764
18,476
350,805
29, 551
21,485
23,154
12,808
16, 268
6,526
231,161
33,283
23,869
25, 754
17,322
1.77
1.81
()
1.79
1.90
1.94
1.86
1.90
.066
5,915
280, 446
1.75
0)
i. 69
1.72
1.77
0)
1.72
1.75
0)
523, 274
452. 766
327, 526
4, 713
2, 564
1, 377
2, 323
2, 684
1,868
4, 624
4,708
4,365
144, 392
123,691
495
2.39
2.68
799
1,612
692
2,143
2.79
218, 685
596
2, 476
23,552
15, 977
305, 543
19, 835
10,501
10, 793
6,100
23,369
11, 563
307, 303
30,920
14, 995
2.22
2.11
1.98
2.03
2. 06
2.03
1.94
1.99
2.10
2.08
1.96
2.05
2.20
2.14
2.04
2.14
2. 33
2.25
2.10
2.23
41,005
76, 432
53,853
56,113
54, 929
46, 791
3
100,094
30,126" 3 29, 917
3 8,382
3 12, 838
3 41,606
39, 487
50,903
0)
26,938
21,457
31,111
16,472
40, 268
122, 374
102,441
331,228
34,317
35, 570
81,080
63,529
177849"
198,481 I
2,226
59,591
2,827
59, 361
6. 55
6.46
6. 55
6. 46
1,716 I
44,975
,145,334 1,608,421
1, 551
63
. 066
. 066
1,520
2.24
1,123
1,126
141,796
72, 262
9,158
898, 828
860, 461
703, 634
1, 987
1.74
1,703
.83
l,509,867
11,253
2
901, 952
704,105
1.085
1.09
1.72
27, 870
2,165,716
56,3991 363, 897
491, 946
52, 842
2,493
(0
2. 076
12,313
487
12, 198
109, 723 141,047
950,286
"90," 253" "98," 963' 103, 595
98,392
177,329
114,463
•552, 715
2.27
2 32
2^07
2.17
21,155,715
2 281,822
873,893
36, 581
33,868
152, 630
85, 512
148, 849
642, 983
56, 256
118,999
97,069
366, 255
2,201
42, 745
2,073
36, 220
2, 003
37, 556
1,794
47, 500
1,612
51,442
1,986
54, 210
998
60,069
2, 512
57, 690
3,388
60, 647
6. 55
6.49
6.55
6.49
6. 55
6.49
6. 55
6.49
9.53
9.58
8.76
8.72
9.25
9.19
9.55
9.38
10.95
10. 38
11.61
10. 90
13.064
13,016
91.3
85.3
1,038,080 1,032,900
10, 680
69.4
622, 980
2,385
10,142
65.8
584, 280
8.617
55.8
492, 800
8, 943
60.2
505, 660
906
11,259
72.8
641,300
12,173
75.8
712,000
427
1,015
4,698
2,196
484
904
3, 636
1,978
445
715
3,858
1,736
402
676
4,149
1,374
294
451
2,316
1,678
542
1,239
3,863
1,738
534
1,240
2, 843
1,578
12, 078
13,298
84.5
82.7
902, 900 1,022,700
2,205
12, 749
13, 368
89. 1
89.5
986, 000 1,043,688
3, 216
LIVESTOCK
Livestock slaughter (Federally inspected):
Calves
thous. of aminals.
Cattle
do._.
Hogs
d o. _ _
Sheep and lambs
do.__
r
3
591
1,403
5,844
1,542
440
1,012
4,911
1,440
364
360
438
1,300
651
1,103
3,114
2, 005
656
1,348
5, 434
1, 529
591
1,352
5,135
Revised.
i No quotation.
2 Dec. 1 estimate.
Includes old crop only; new corn not reported in stock figures until crop year begins in October and new oats and wheat until crop year begins in July.
cfData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
% Data relate to regular flour only; in addition data for granular flour, collected for January 1943 to February 1946, are given in notes in the May 1946, and previous issues of the
Survey.
§ Prices since May 1943 have been quoted for sacks of 100 pounds and have been converted to price per rarrel to have figures comparable with earlier data. For March-August
1946 quotations are for flour of 80 percent extraction; beginning September .1946, quotations were resumed for flour of normal extraction (72 percent).
f The total includes wheat owned by the Commodity Credit Corporation stored off farms in its own steel and wooden bins not included in the break-down of stocks.
t Revised series. The indicated grain series have been revised as follows: Crop estimate for oats, 1932-41, and rice, 1937-41; other crop estimates, 1929-41; domestic disappearance
of
wheat
and stocks of wheat in country mills and elevators, 1934-41; corn, oat and wheat stocks on farms and total United States stocks of domestic wheat, 1926-41; see note marked
Digitized for
"f"FRASER
on p. F-26 of the April 1946 Survey for sources of revisions for 1941; all revisions are available on request.
S-28
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in t h e
1942 S u p p l e m e n t to t h e Survey
January
1947
March 1947
1946
January
February
March
April
Mav
June
j
July
October
i August
i Novem- j Decem; ber ! ber
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK—Continued
Cattle and calves:
Receipts, principal markets
thous. of animals..
Shipments, feeder, to 8 corn belt Stalest
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 lb_.
Steers, stocker and feeder (K. C.)
„
do
Calves, vealers (Chicago)
do
Hogs:
Receipts, principal markets
thous. of animals.Prices:
Wholesale, average, all grades (Chicago)
dol. per 1001b-.
Hog-corn ratioj.-bu. of corn per 100 lb. of live hogs..
Sheep and lambs:
Receipts, principal markets
thous. of animals..
Shipments, feeder, to 8 corn belt Statesf
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 1001b..
Lambs, feeder, good and choice (Omaha)
do
j
2,404
154
1,961
97
1,960
97
1,920
91
2,145
109
1,783 '
106 ;
1,725
141
3,121
176
2 562
323
1,923
388
3,650
730
2,871
445
2.447
233
22.16
17.68
22.13
16.49
13. 56
14.69
16.14
14.71
14.81
16.26
15.22
15.66
16.56
15.86
15.75 j
16.77
15.82 i
15.63 \
17.30
15.72
15.88
1
21.36 i
15.53 :
i7.io ;
21.71
15.51 ,
16.44
17.99
15.99
16.15
23.57
16.42
18.19
23. 64
16. 30
18. 38
23.19
17.63
18.20
3.469
3,344 j
2,952
2 472 '
2.431 :
1,352
3,070 ;
1,832
293
2, 264
3,221
2,993
22.45
18.0
14.72 I
12.8 j
14.77
12.8
14.80 !
12.5
14.81
12.2 |
14.81
10.6
14. 77
10.1
17.94 !
8.6
20.84 :
11.6
16. 25
9.1
22.82
13.5
24.07
18.0
22.87
18.6
1,663
102
2,481
154
1,753
1,984 ;
67 ;
1,610
56
2,517
76
2,286 :
98 |
2,176
338 |
2,542
865
3, 656
941
1,966
304
1,495
121
14.30
14.46
14.70 !
15.50
15. 23
15.38
15.51
15.30
16.00
(')
!
16. 75
(')
20.38 1
(0
i
20.50 '
16.53 :
19.00
17.26
23.00
17.90
22.25
17.77
23.25
18.00
325
1,581
772
47
38
173
1,595
791
49
44
191
1,296
750
49
46
136
1,226
691
44
44
200
1,224
619
38
36
61
351
258
22
19
13
1, 245
297
26
21
32
1,742
442
39
26
40
1,724
623
56
36
90, 526
50, 214
94, 545
691
2, 535
532
828
.200
557, 516
187,392
.200
569, 746
164, 871
.202
526,166
162, 098
.203
431, 517
140,157
.203
409, 953
105, 905
.203
275, 752
67, 850
.319 ! .382
674,964 : 664,848
68,444 ; 101,825
66, 010
19,189
100, 934
16, 533
89. 629
15,513
75, 865
12,171
57.167
10,863
65,149
10,378
68,844 I 65,053
23.25
19.45
MEATS
Total meats (including lard):
Exports§
mil. of Re1,954
production (inspected slaughter)
do
835
Stocks, cold storage, end of m o n t h ® of
do
65
Edible oflal®
do
50
Miscellaneous meats and meat products®
do
Beef and veal:
Exports §
thous. of l b .
Price, wholesale, beef, fresh, native steers (Chicago)
.384
dol. per lb_
Production (inspected slaughter)
thous. of l b . 757, 702
191,935
Stocks, cold storage, end of month®cf
do...
L a m b and m u t t o n :
68, 215
Production (inspected slaughter)
do. - 17,179
Stocks, cold storage, end of month®cT
do...
Pork, including lard, production (inspected slaughter)
thous. of l b . . 1,128,378
Pork, excluding lard:
Exports §
do...
Prices, wholesale:
.509
Hams, smoked (Chicago)
dol. per l b .
.427
Fresh loins, 8-10 lb. average (New York)
do
827,411
Production (inspected slaughter)
thous. of lb
387, 803
Stocks, cold storage, end of m o n t h ® c?
do
Lard:
Exports!
do...
.260
Price, wholesale, refined (Chicago)
dol. per lb_.
Production (inspected slaughter)
thous. of lb_. 220,245
122, 239
Stocks, cold storage, end of monthef
do
797
496
31
30
220
1,581
484
38
28
:
118
j 1,286
!
389
!
40
|
30,945 j 44,577 I 39,738 j 29,912 j 20,926
.235
210, 423
79, 051
I
.380 I
.415
.409
590,798 | 689. 827 705, 974
64,521 | 111,091 "169,271
84,170l
10,602
64. 591
10.696
58, 723
' 16, 893
85,991 I 570, 068
I
12, 737
1,076
987, 245
959, 053
1, 305
6,635
.265
.333
71,181
99, 859
.265
.476
462, 454
142, 912
554
512
757, 765
209, 946
2. 522
.404
728, 500
276. 232
11,679
.190
10, 665
30,021
8, 268
.190
77,888
31,513
16.647
.392
167,381
40,623
168.326
68, 756
54,268 i
8,844 I
9,108 | 13,135
957, 453
924,170
680, 480
718,345
'57. 222
456, 591
16,559
8,222
20,718
27, 321
47, 991
46, 919
.258
. 259
747, 282
396,740
. 258
.259
708, 566
426, 545
.264
. 264
533,909
396,753
.268
.266
573, 027
379, 373
. 265
.265
. 266
.266
606, 017 360, 342
382, 742 322, 433
49,412
.410
.419
667,522
297,355
25, 063
47,975
.146
.146
152,728 I 157,087
83, 489 ! 90,184
42, 323
.147
106,538
80,438
55, 435
.148
105,369
71,153
64, 861
.148
109,563
45,539
52, 555
27. 665
(0
.350
123,348 i 94.780
43,349
37,969
837,553 I 555,686
57, 689
.148
69, 837
34,910
! 42,219
|
.503
!
.514
I425,735
I 168,861
20. 521
(0
I
POULTRY AND EGGS
Poultry:
.242
Price, wholesale, live fowls (Chicago)
dol. per lb_.
27, 631
Receipts, 5 markets
thous. of l b . .
317, 207
Stocks, cold storage, end of monthef
do
Eggs:
11,744
Dried, production*
do—
.388
Price, wholesale, U. S. standards (Chicago)#.dol. per doz..
4, 568
Production
millions..
Stocks, cold storage, end of month:cT
294
Shell
thous. of cases.
80, 638
Frozen.
thous. of lb.
MISCELLANEOUS FOOD
. 356
' 4,1/92
.253
31,034
356,730
<- 8, 362
.331
r
5, 027
272
111,721
1,578
117,903
42, 709
16, 898
38, 865
30,162
1,286
973
2,093
.134
2,276
1,030
718
1,498
.134
2,143
10,821
115,398
12,455
99,051
••373
1,111
. 208
31,348
320,027
r
r
19, 732
.332
6, 791
3,'
149,'
.272
37,278
256,822
. 274
. 269
.283
.265
34, 765
32, 865 38,138 I 43,162
209,944 173,905 178, 784
207, 137
* 22, 576 M S . 763 M6,553 • 13, 864
. 332
.340
.333
.336
r
r 4, 284
6, 803 | r 6, 292
• 11,151
.346
r
3, 679 .
.307 I
.298
61,131 ! 89,972
184,841 i 261,006
r
r
4,735
.406
3, 295
6,425
200, 176
8,683
245,287
9,871
265,050
5. 738
9,537
7,960 |
260,101 : 236,256 207, 244
39, 254
37,361
38, 469
42, 688
34, 622
29, 397
30, 467
14, 048
39, 505
24,678 | 34, 056
19,433 I 14,409 ! 9,405
1,145
748
2,849
.134
2,044
1,577
1,189
1,824
.134
1,964
1,829
1,510
1,786
.134
2,105
1.312
'837
2,298
.134
2,319
24,151 j 25,245
84,265 j 75,318
I
47,005
84,725
68, 023
97,806
2,902
2,551
r
.242
72, 952
301, 030
2 900
420
3 190
r 2, 585
3 585
168 591
1, 717
132. 664
r
r
r
406
3', 110
.266
65,114
316,577
r
r
3,946
.388
3, 765
'767
102,437
PRODUCTS
C a n d y , sales b y manufacturers
thous. of d o l . .
Cocoa, imports§
long t o n s . .
Coffee:
Clearances from Brazil, total
t h o u s . of b a g s . .
T o U n i t e d States
.
do
Imports §
do
. 269
Price, wholesale, Santos, N o . 4 ( N . Y.)._dol. p e r l b . .
Visible supply, U n i t e d States
do
Fish:
L a n d i n g s , fresh fish, 4 ports
t h o u s . of lb._
127,381
Stocks, cold storage, e n d of m o n t h
do
Sugar:
C u b a n stocks, raw, end of m o n t h s
373
t h o u s . of Span. t o n s . .
r
.255
47,157
363,954
2,036
2,702 I
1,635 j
1,163
1,480
.206
2,122
66,854
126, 837
2,059
1,573 !
970
1.947
.221 i
2,182 i
54, 122
13, 765
814
484
1.338
.221
2, 142
1,448
902
1,237
.241
1,931
46,776 ! 53, 727
152,403 ! 147, 085
53,786
149, 549
1,700 I
1,310
712 i
56, 287
12, 237
1,416
946
1,612 I
.263
56, 850
25, 027
1,178
729
1,716
.264
1,584
35,025
158, 48G
24,645
152, 803
553
342
Revised. 1 N o quotation. 2 Prices beginning December n o t strictly comparable with earlier data; comparable figure for N o v e m b e r 1946, 0.545.
§Data continue series shown in t h e 1942 Supplement b u t suspended during t h e w a r period; d a t a for October 1941-Fcbruary 1945 will be published later.
cf Cold storage stocks of dairy products (p. S-26) meats, poultry, a n d eggs include stocks owned b y t h e U . S. D e p t . of Agriculture a n d other G o v e r n m e n t agencies, stocks held
for A r m e d Forces stored in warehouse space not owned or operated b y t h e m a n d commercial stocks; stocks held in space owned or leased b y the A r m e d Forces are not included.
®See note in M a y 1946 regarding changes in the indicated series m a d e in t h a t issue a n d an earlier change beginning J u n e 1944.
• D a t a beginning'in t h e M a y 1943 Survey are from the U. S. D e p a r t m e n t of Labor. Quotations since J u l y 1943 have been for U . S. Standards; they are approximately comparable
with earlier d a t a for fresh firsts a n d t h e series has heretofore been shown u n d e r t h a t designation.
1 For d a t a for December 1941-July 1942 see note in N o v e m b e r 1943 Survey.
*Now series. D a t a for 1927-43 for dried eggs are shown on p . 20 of the M a r c h 1943 Survey.
t R e v i s e d series. T h e hog-corn ratio has been shown 011 a revised basis beginning in t h e M a r c h 1943 Survey: revisions for 1913-41 will be shown later. T h e series for feeder shipm e n t s of cattle and calves, a n d sheep and lambs were revised beginning 1941 to include data for Illinois; revisions for 1941-42 are shown on p . S-27 of the August 1943 Survey.
SURVEY OF CURRENT BUSINESS
March 1947
1947
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
January
S-29
1946
January
February
March
April
M ay
June
July
! August
October
September
Novem- December
ber
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar—Continued
United States:
Deliveries and supply (raw value) :*
Deliveries, total
short tons. 501,157 516,465 285, 341
For domestic consumption
do.. _ 481,818 514,945 276, 715
For export
do...
19,339
8,626
1,520
Produetion, domestic, and receipts:
Entries from off-shore areas
do.. _ 243,687 182,937 263, 345
24, 771
Production, domestic cane and beet
do___
98, 526
Stocks, raw and refined, end of month
do_..
1,177,812 1,174,614
Exports, refined sugar §
do_..
4, 304
7,003
Imports:§
172,125 191,214
Raw sugar, total
do__.
From Cuba
do...
172,125 191, 214
Refined sugar, total
do...
10,324
195
From Cuba
do...
10, 324
0
Receipts from Hawaii and Puerto Rico:
Raw
do.. .
20,687
38,774
0
Refined
do...
0
Price, refined, granulated, New York:
Retail i
dol. per lb.
.095
. 067
.068
Wholesale .
do__.
.054
.056
.079
Tea, imports?
thous. of l"b.
12,569
14,975
TOBACCO
Leaf:
Exports, incl. scrap and stems§
thous. oflb__
Imports, incl. scrap and stems§
do
Production (crop estimate)
mil. of lb__
Stocks, dealers and manufacturers, total,
end of quarter
_'
do
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue-cured and light air-cured
do
Miscellaneous domestic
do
Foreign grown:
0 igar loaf
do
Cigarette tobacco
do
Manufactured products:
Consumption (withdrawals:)
Cigarettes:
Tax-free*
millions. 28,451
Tax-paid
do
Cigars, tax-paid
thousands-. 510, 264
Manufactured tobacco and snuff, tax-paid-thous. of lb _ _ 20,124
Exports, cigarettes §
millions -.
Price, wholesale (list price, composite):
Cigarettes, f. o. b., destination
dol. per 1,000..
6.509
Production, manufactured tobacco, total..thous. of lb.
Fine-cut chewing
do.-.
Plug
do...
Scrap, chewing
do...
Smoking. .
__ _ _
..do...
Snuff
do...
Twist
do._.
47, 335
22,371
476, 316 554,074 524, 662 598,604 590, 347 608,883 ' 533,875 396,831 482,194
425, 742 497,841 451,994 526, 605 557, 235 561, 695 521,428 392, 018 475,921
50, 574 ' 56, 233 72, 668 71, 999 33,112 47,188 >• 12, 447 4,813
6,273
456, 566
418,790
37,776
465,834 433,190 501,777 478,311 460,172 402, 299 297, 275 233,063 223,781 257, 017
19, 305 18,254
8,345
49, 780 94, 691 483, 532 642, 633 437,471
9,613
13,173
1,184,341 1,080,908 ! 1,065,183 955, 031 824, 641 671, 491 519, 727 832,071 1,209,820 1,441,531
33,945
58,321 I 59,716
22, 546
61, 897 47,191
33,844
3,280
6,734 24, 968
310, 519 143, 528 240,190 189, 418 267, 460 157,171 126, 958
310,519 143, 528 230, 471 179,666 267,460 145,072 116, 529
33,816
15,001
38,785 ! 38,061
47, 349 49, 932 30, 294
33, 656 38,735 | 38,061
15,001
47, 349 49, 932 30, 294
112,933
10,417
43,902
4,043
197,733 179, 667 160,827
23, 657 17",685 30,150
179,922
4,750
97, 960 180,167 210, 784
92,812 180,167 210,784
35, 099 23, 647 16,160
35,098
23,647
16,160
209, 662 128,747
1,709
4,774
76, 424
1
.073
.059
6,139
.074
.059
6,580
073
059
3,077
.074
.059
1,540
.074
.060
1,336
.075
.060
6,350
.076
.067
9,968
.074
3, 846
2,500
5,004
.092
.076
16,286
52, 230
5,129
60,401
4,727
62,293
5,633
60, 740
4,861
36, 970
5, 381
39, 595
5,613
50, 461
6,031
54, 383
6,883
94,129
6,520
3,342
.095
.078
11,486
3
4, 817
2, 235
3,281
377
223
2,626
327
165
366
196
1,168
303
159
2,683
3
36
1,737
2,283
2,396
25, 226 23, 637 26,401
468,592 455,024 480,479
20,806
17, 776 18,519
1,049
1,449
2,661
6.006
20, 521
331
4,106
3,976
7,979
3,706
423
6.006
19, 067
282
4,373
4,099
6,386
3,419
508
6. 006
18, 065
262
4,317
3,948
5,944
3,128
466
3,019
3,388
2,445
2,487
29,972
25,452
26, 360 25,440
484, 318 497,297 452,180 439,396
21, 223 21,084
20,023
20,949
4,444
1,997
2,427
1,832
6.255
21, 472
334
4,481
2,738
10,051
3,339
529
6.056
19, 750
290
4,172
3,647
7,808
3,333
6.255
21, 092
302
4,280
3,635
9,395
3,022
458
6.255
21, 078
326
4,657
3,
2,721
497
2,665
2,958
1,944
3,165
2,561
28, 953 26, 865 32, 778 27, 696 22, 695
500,572 457, 703 588, 067 546, 949 465,769
22,733
21, 671 25,631
22, 728 17,636
1,523
2,714
1,967
1,125
1,139
6.255
22, 868
374
4,631
4,437
9,486
3,429
511
6.225
21, 672
311
4,361
3,860
9,618
3,061
461
15, 384
20
85
2,640
3,178
- 16, 721
48
150
r
1,864
3,701
6.424
25, 674
348
4,821
4,627
11, 676
3, 640
561
6.509
23, 236
315
4,096
3,794
11,266
3,303
462
6.509
19,238
124
140
2,273
2,419
30, 921
59
306
4,454
2,540
32,196
126
206
3,239
2,157
LEATHER AND PRODUCTS
HIDES AND SKINS
Livestock slaughter (see p. S-28).
Imports, total hides and skins §
thous. of lb_
Calf and kip skins
thous. of pieces.
Cattle hides
do
Goatskins
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb
Calfskins, packers', 8 to 15 lb
do
LEATHER
Exports: §
Sole leather:
Bends, backs and sides
Offal, including belting offal
Upper leather
Production:
Calf and kip
Cattle hide
Goat and kid
Sheep and lamb
thous. of lb__
do
do
thous. of skins. _
thous. of hides..
thous. of skins.do
I
16, 084 ' 11,172
39
0
20
52
2,297
3,137
.238
.396
1,968
15,331
3
68
2,332
2,818
.155
.218
.155
.218
.155
.218
79
1,194
3,206
1,818
296
2, 853
1,031
1,032
2,544
2,143
4,288
2,502
1,997
4,418
17,340
0
50
1, 571
4,684
r
15, 876
1
80
1,168
3, 609
13, 667 ' 19,563
11
35
41
83
1,271
2,496
3,244 ' 5,091
.155
.218 !
.155
.218
.155
.218
.239
.268
. 155
.218
.155
.218 I
.155
.218
721 :
573
3,324 i
3,113
1,322
4,072 i
2,335
593
4,430
655
488
3, 280
307
186
2,282
364
25
!, 011
640
17
834
51
20
1,107
146
5
71
90
2,512
2,500 I
2,190 I
4,256 |
907 I
2,479
2 027
3,986
831
2,331
1,773
3,944
801
2,089
1,537
3,584
755
2,058
1, 656
3,529
844
160
761
951
832
895
739
702
959
2,046
2,598
4,548
981
!, 143
!,304
:. 088
1,011
2,180
2,427
3, 696
;
I
!
!
.435
.276
.414
1 D a t a beginning J a n u a r y 1946 reflect a change in t h e s a m p l e a n d in t h e m e t h o d of s u m m a r i z i n g reports; J a n u a r y 1946 figure c o m p a r a b l e w i t h earlier d a t a is $0,064.
N o q u o t a t i o n . 3 D e c e m b e r 1, e s t i m a t e .
*• R e v i s e d .
§ D a t a continue series p u b l i s h e d in t h e 1942 S u p p l e m e n t b u t s u s p e n d e d d u r i n g t h e w a r period (it should be noted t h a t d a t a for sugar are s h o w n in long tons in t h a t volume); d a t a
for October 1941-February 1945 will be p u b l i s h e d later.
*New series. T h e n e w sugar series include r a w a n d refined sugar in t e r m s of r a w (see also n o t e in t h e April 1945 S u r v e y ) . T h e n e w series for tax-free w i t h d r a w a l s of cigarettes is
from t h e T r e a s u r y D e p a r t m e n t , B u r e a u of I n t e r n a l R e v e n u e , a n d includes w i t h d r a w a l s of small cigarettes for export a n d for c o n s u m p t i o n outside t h e U n i t e d States; tax-free w i t h d r a w a l s were c o m p a r a t i v e l y small prior to t h e w a r period. M o n t h l y d a t a available beginning J u l y 1943 are as follows (millions): J u l y to D e c e m b e r 1943—3,446; 3,699; 4,660; 4,463;
2,930; 3,206. J a n u a r y to D e c e m b e r 1944—5,242; 6,560; 6,181; 5,375; 6,857; 6,856; 5,578; 6,669; 7,844; 8,678; 9,359; 8,803. J a n u a r y - D e c e m b e r 1945—9,508; 10,088; 11,598; 9,502; 8,839; 4,843;
3,202; 2,059: 802; 1,269; 1,348; 1,466.
2
SURVEY OF CURRENT BUSINESS
S-30
March 1947
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be fovmd in the
1942 Supplement to the Survey
February
March I April j May
June
July
\ August
September
Octo- j Novem- December
ber
ber
LEATHER AND PRODUCTS—Continued
LEATHER—Continued
Prices, wholesale:
Sole, oak, bends (Boston)f
dol. per lb_
Chrome, calf, B grade, black, composite
dol. per sq. ft__
Stocks of cattle hides and leather, end of month: J
Total
thous. of equiv. hides _
Leather, in process and finished
do...
Hides, raw
do_ _ _
(0
.440
440
.440
. 440
.440
. 462
.675
.470
.470
0)
.529
533
. 533
.533
.533
. 536
.570
.558
.565
9,886
6,088
3,798
10, 059
6,052
4,007
9,721
6, 054
3,737
9.539
6,098
3. 441
9.217
6, 000
3.204
8,503
5, 971
2,532
8,419
5. 541
2,878
537
744
43, 701
464
43, 237
635
1,095
47, 955
427
47, 528
676
981
49. 437
273
49,164
666
1,663
49, 460
227
49. 242
690
1,701
44, 957
315
44, 642
627
776
37, 021
139
36, 882
536
31,012
1,492
2,855
3,913
7,815
14,937
4,007
4,782
140
33, 091
1,777
3,068
4,421
8,508
15, 317
4,622
4, 757
133
35, 483
1,807
3,248
4,904
8,954
16, 571
5,671
5,487
211
36, 669
1. 872
3,363
5,066
9.383
16, 985
5.876
5,731
222
36, 689
1, 879
3,238
5,060
9,592
16, 920
5, 646
5, 879
338
32, 815
1,752
2, 960
4,379
8,703
15, 021
5,304
5,708
188
2,218
2,432
794
185
23
586
1,638
176
225
1,237
2, 331
774
169
23
581
1,557
182
214
1, 160
2,418
798
185
24
590
1,620
167
212
1.241
2,274
765
166
28
571
1,509
156
192
1,161
.470
.902
0)
7.633
7,565
5,681 I 5,714
1,962
1,851
7, 446
' 8, 482
6, 004 ! r 5, 435
1, 442
3, 04'
8,919
5,702
3,217
1,159
46, 236
172
46, 064
486
342
41,651
140
41,511
330
289
459
47,469 ' 40, 752
171
196
47, 297 ' 40, 556
r
394
395
691
39, 066
198
38, 868
397
26, 504
1, 502
2, 456
3,346
7,662
11, 538
4,693
4,980
169
32,117
1,720
2,838
4,119
8, 692
14,748
6,679
6,563
219
30,022
1,607
2,575
3,727
7,901
14, 212
5, 279
5, 681
199
31, 840
1,761
2,632
4,034
8,947
14, 466
3,475
2, 943
213
2,024
652
141
18
493
1,372
116
159
1,097
2,255
806
175
25
606
1,449
125
186
1,138
2,103
737
153
18
566
1,366
119
175
1,072
34,194 ' 30,011
1,743
' 1, 588
r
2,962
2, 555
4,183 | ' 3, 831
8,874 | r 8,153
16, 432 ' 13. 884
5,173 r 4,304
7, 234 r 5, 606
302 | '240
i
2,549]
2,282
882
757
167
145
20
15
695
597
1, 525
1,667
112
143
164
197
1,327
1.249
43, 784
54, 366
56, 871
13, 876
12.852
10, 290
27, 825
34, 783
44, 968
76, 930 r 109, 970 123,411
44, 237
14, 777
26, 889
111,685
LEATHER MANUFACTURES
Boots, shoes, and slippers:
Exports^
thons. of pairs.
Production, total If
do. - Government shoes
do. _.
Civilian shoes, total
do...
A thletic
do _ _ _
Dress and work shoes, incl. sandals and playshoes:
Leather uppers, total
thous. of pairs.
Boys' and youths'
do._.
Inf ants'
do
Misses' and children's
do
Men's
do...
Women's
do
Part leather and nonleather uppers
do _ _.
Slippers and moccasins for housewrear
do...
All other footwear
do -. _
Gloves and mittens, production, total*
thous. doz. pairs.
Dress and semi-dress, total
do__.
Leather
do _ _ _
Leather and fabric combination
do...
Fabric
do _ _ _
Work, total
do. - Leather
do_. Leather and fabric combination
do...
Fabric
do.. .
1,326
2 41, 246
471
40, 479
2,228
656
151
18
488
1,572
177
231
1, 164
688
154
20
513
1,530
169
220
1,141
2,103
625
102
9
514
1,478
98
178
1. 203
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total saw mill products!
M bd. ft..
Sawed timber§
do
Boards, planks, scantlings, etc.§
do
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, end of month, total
do
Hardwoods
do
Softwoods
do
I
64, 795
6, 405
56, 089
80, 528
52, 574
11,708
39,194
79, 434
71, 094
21, C06
48,091
95, 354
63. 060
21, 278
39. 878
97,136
1,840
1,324
2,081
604
1,477
3, 555
906
2,649
1,887
498
1, 389
1,911
479
1,432
3, 482
877
2, 605
2, 279
640
1,639
2, 307
582
1, 725
3. 397
886
2,511
2,538
681
1,857
2,517
674
1,843
3.420
873
2. 547
2. 668
699
1,969
2. 621
691
1.930
3'. 481
875
2. 606
2,689
659
2,030
r 2, 541
622
1,919
3. 614
904
2.710
2, 656
731
1,925
2, 505
632
1,873
3. 735
974
2. 761
2, 917
793
2,124
2,653
660
1.993
3.940
1,071
2,869
2,709
821
1,888
2,471
642
1, 829
4,148
1,212
2, 936
4.325 !
i\. 550
3. 100
4,350
3, 200
3. 700
6.175
2 950
3.875
2.475
2, 750
6, 250
2, 550
2. 700
2,425
2, 300
5,750
2, 375
2.375
2, 375
3,560
6, 150
3, 100
3, 125
2, 475
2,550
5, 425
2, 925
3,375
2, 425
22. 851
(3)
27, 527
27, 331
516
53,
21,
30,
90,
583
396
866
263
23, 802
4,329
17, 485
131, 669
38,251
7,183
30,103
117, 696
81,976
28. 614
45,149
123. 816
2,921
854
;!
2,067
2, 645
731
1,914
4,405
1,318
3,088
2,517
738
1,779
2, 353
619
1, 735
4, 534
1,407
3,127
2,301
623
1,678
2. 279
577
1,702
4, 542
1,431
3,110
3, 750
5,700
3, 400
3,425
2, 200
3, 250
5. 250
3, 475
3, 625
1,975
4, 350
6,100
3, 950
3,700
1.950
29,212 :
42,190 I
35,922 !
34,882 :•
4, 738 j
29, 245
41, 800
34, 079
33,065
2P, 194
41. 249
33. 955
31. 248
7. 431
6, 233
2.632
3,601
2,138
654
1.484
37, 421
20, 629
16, 792
FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
__
Oak:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
M bd. ft.
do_-_
do_
do - - _ _ _ _ _ _ _ _ do_ .
3,850
5,550
3,900
4,375
1,650
2, 875
6,700
3, 050
3, 075
4,250
2, 625
6,725
2, 850
2, 675
4,300
3, 025
6,875
3, 100
2,725
4, 650
do
do. _.
do.. do_ -.
do.._
41,521
41, 523
40, 253
41,247
5,730
15, 632
42,120
18, 523
11, 474
14, 830
17, 326
37. 694
17,453
22, 892
9, 391
15,971
35, 529
18, 958
18,136
9, 661
16, 817
34 280
18 757
20, 996
7 425
19. 434
33 371
20 119
20. 982
7 270
15, 426
31,158
17,239
17. 639
. 162
20, 247
31, 657
20,838
19. 747
6, 081
18,931
30, 055
22, 860
24, 734
4, 209
41, 528
3,820
37, 708
31, 375
242
23, 133
42, 207
13, 225
28, 982
39. 682
16 723
22 649
29, 889
15*. 231
r 14,470
30. 020
r 5. 845
' 22. 682
22, 271
9, 256
13,015
20, 478
18, 710
9, 806
702
13,008 | 10,672
34. 790
44.100
34.790
37. 362
51.450
38 220
53 900
38.220
53 9C0
41.528 I
44 100
42. 630
58.310 j 59.780
42. 630
59.780
42. 630
59.780
42.630 j 43.855 i 47. 824
59.780 j 59.780 I 63. 308
9, C76
2,268
6, 808
9,093
3, 228
5, 865
13,816
5,743
8.073
3. 506
8. 407
11.178
4, 534
6. 644
10,861 I 9.565
2.035 I 2.703
8.826 ! 6.862
16.384 i 11.716
o. 260 ! 4,080
11,124 ; 7,636
5,317 \ 21,360 I 15.885
1.034
4,955 ! 4.880
16,405 ' 11,005
4,283
SOFTWOODS
Douglas fir:
Exports, total sawmill products!
M bd. ft.
Sawed timber §
do._.
Boards, planks, scantlings, etc.§
do__Prices, wholesale:
Dimension, No. 1, common, 2 x 4— 16
dol. per M bd. ft.
Flooring, B and better, F. G., 1 x 4, K. L
do...
Southern pine:
Exports, total sawmill products!
M bd. ft_
Sawed timber §
do. _.
Boards, planks, scantlings, etc.§
do._.
r
1
2
I
51.940
72.520
Revised.
No quotation.
Includes revisions not available for this detail.
3 Data not available.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
JData reported since January 1945 cover stocks in tanners' hands only; all data were therefore revised beginning in the November 1946 Survey to cover only tanners' stocks; the
figures for total stocks for January, March, and May include small revisions that are not available for the breakdown between leather and raw hides.
^See note for boots and shoes at the bottom of p. S-23 of the July 1945 Survey regarding changes in several classifications and note marked " i " on p. S-28 of that issue regarding
other revisions; revisions for January-May 1943 and 1945 and January-April 1944, which have not been published, will be shown later.
•New series. The series for gloves and mittens were first included in the May 1946 Survey; see note in that issue.
t Revised series. The price for sole oak leather has been shown on a revised basis beginning in the October 1942 Survey; revisions beginning July 1933 are available on request.
There have been unpublished revisions in the January 1944-February 1945 data for the lumber series and also earlier revisions which have been published only in part (see note in the
April 1946 Survey); all levisions through February 1945 will be shown later.
March 1947
SURVEY OF CUBBENT BUSINESS
tlnless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
January
S-31
1946
1947
January
February
March \ April
May
June
July
SepAugust | tember
October
No vein- December i ber
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—Continued
Southern pine—Continued
612
Orders, newt
mil. bd. ft..
565
Orders, unfilled, end of monthf
do
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12't
dol. per M bd. ft..
Flooring, B and better, F. G., 1" x 4" x 12-14't
dol. per M bd. ft.. 103. 750
602
Production!
mil. bd. ft..
621
Shipments t
do
1,194
Stocks, end of monthf
do
Western pine:
Orders, newf
do
461
Orders, unfilled, end of monthf
do
302
Price, wholesale, Ponderosa, boards, No. 3 common,
I"x8"
dol. per M bd.ft..
45. 60
329
Productiont
mil. bd. ft-.
428
Shipment s t
do
939
Stocks, end of monthf
do
West coast woods:
Orders, newt
do
523
Orders, unfilled, end of month
do
633
Productiont
do
720
Shipments!
do
377
Stocks, end of month
do
626
696
555
698
664
738
655
731
6V 2
746
565
701
623
679
602
633
616
651
626
642
42. 837
43. 465
46. 029
46. 029
46. 029
46. 029
46. 083
46. 083
46. 083
46. 038
53.182
60. 056
512
576
1,065
61.131
554
553
1,066
65. 091
629
624
1,071
65. 091
673
662
1,082
65. 091
635
657
1,060
65. 091
631
610
1,081
65. 091
646
645
1,082
65. 091
651
648
1,085
65. 091
590
598
1,077
65. 091
74.723
615
582
1,168
90. 546
636
591
1,213
293
299
299
480
417
445
293
515
280
543
568
276
617
258
589
283
565
476
275
425
269
35. 99
206
290
824
36.16
234
297
761
35. 77
296
373
684
39.15
457
461
710
40.65
584
529
765
40.07
652
581
835
40.93
656
590
901
40.19
720
634
40.35
618
564
1,041
40.38
611
560
1,092
40.36
480
489
1,083
43. 30
455
703
450
460
392
423
683
449
441
398
527
636
532
556
375
543
632
532
532
362
518
601
527
526
368
476
559
517
511
378
425
545
403
415
378
552
554
541
503
403
445
538
469
448
420
562
576
552
512
462
449
544
461
446
475
459
514
437
469
448
106,883
104,144
29,105
97,828
98,619
28, 096
109, 005
105, 999
30, 988
120,152
120,176
29, 753
128.489
129,926
28,016
121, 412
125,068
24, 391
99, 747
92, 288
34,189
126, 974
124,891
33,842
129,270
128, 086
35, 560
149, 600
149, 583
34,959
129, 635
128,691
34,984
59
62
63
63
62
68
72
73
9
52
328
71
38
1
53
146
70
41
2
40
147
69
37
1
53
137
62
33
3
47
141
71
39
2
35
137
70
40
3
53
141
72
42
394, 382
18,568
64, 737
3,409
395, 923
11, 620
131,022
103
513, 595
10, 893
119,664
293,447
7,187
108, 570
763
362, 776
9,244
123,513
1,896
4,476
2,382
2,094
3,660
1,267
2,393
4,670
2,594
2,076
3,324
1,142
2,182
635
1,135
573
633
532
574
385
430
1.038
SOFTWOOD PLYWOOD
Production*
thous. of sq. ft., %" equivalent.
Shipments*
do.. _
Stocks, end of month*
do...
122,
128.
273
595
FURNITURE
All districts, plant operations
percent of normal.
Grand Rapids district:
Orders:
Canceled
percent of new orders.
New
no. of days' production.
Unfilled, end of month
do...
Plant operations
percent of normal.
Shipments
no. of days' production.
1
36
108
69
31
1
38
115
70
37
27
130
28
1211
38
30
207
480, 752
16,193
143, 398
1,159
507, 351
15, 671
102, 686
1,008
4,449
2,467
1,982
3,258
1,192
2,066
4,907
2,705
2,202
3,163
1,184
1,979
4,579
2,535
2,044
2,992
1,121
1,870
4,239
2,193
2, 046
3,034
1.158
1.870
6, 605
6, 830
4,607
2, 274
1,193
5,688
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:§
Iron and steel products:
Exports (domestic), total
Scrap
Imports, total
Scrap
short tons.
do...
do___
do...
349,317
10, 662
212,138
9,584
476. 221
16, 752
157, 753
3,032
i 2, 212
4,491
1,376
3.115
4,415
2,415
2,000
4,514
1,346
3,168
4, 504
2,331
2,173
4, 405
1,290
3,109
3,662
1,746
1,916
4,380
1,281
3,099
4,214
2,074
2,140
4,110
1, 269
2, 841
1,974
779
6,192
768
473
6,486
1,096
1,090
6,492
2, 192
2,141
6, 543
4,578
4,690
6,432
8,850
9,914
5,367
11,612
12,215
4,764
11,090
11,083
4,770
10,742
10, 546
4,966
9,917
9,965
4,860
3,719
0
35,342
31,215
4, 127
1,748
0
33, 647
29,606
4,041
75
27
6, 021
0
27, 601
24,100
3,501
81
'63
4, 769
730
23, 079
20, 060
3,019
112
50
2,990
3, 616
23, 905
21, 075
2,830
4,995
8,654
26, 265
23,247
3,018
6, 738
9,774
34, 067
30. 450
3, 617
6,380
9,636
37, 573
33, 464
4,109
6,625
9,209
40, 435
35, 762
4,674
237
45
173
33
6,460
10,848
30, 439
27,131
3,307
340
72
371
62
402
70
386
69
557, 360
4,768
r 80,824
1,208
327, 590
9,322
89, 230
3,459
488, 300
18,160
111,694
4,389
Iron and Steel Scrap
3
Consumption, total*
thous. of short tons.
Home scrap*
do...
Purchased scrap *
do...
Stocks, consumers', end of month, total*
do...
Home scrap*
do...
Purchased scrap*
do.._
Ore
Iron ore:
All districts:*
Production
thous. of long tons..
Shipments
do
Stocks, end of month
do
Lake Superior district:
Consumption by furnaces
do
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) §-_.do
4, 538
J 2, 326
2, 698
1,251
7,135
i
6,131
6,701
41,918
37,063
4,857
329
5, 516
247
37, 465
33, 056
4. 408
Pig Iron and Iron Manufactures
Castings, gray iron:*
Shipments, total
For sale
Unfilled roders for sale
Castings, malleable ironic?
Orders, new, for sale
Orders, unfilled for sale
Shipments, total
For sale
short tons..'
do
j
do
J
do.
do.
do..
do..
706, 319 541, 177 796, 068 856, 678 757, 041 735,060 810, 829 944, 516 913, 824 1,051,068 964, 300 889.479
446, 567 368, 384 505, 431 529. 323 454,194 435,866 475,059 558,957 534,310 610,389 552,696 '505.728
2,076,994 2,152,766 2,265,336 2,378,348 2,491,811 2,633,118 2,668,782 2,785,609 2,881,906 2,916,268 2,888,219 12.952,203
34,157 r 41,935
47,411 ' 32, 092 r 48, 561 ' 40, 784 r 39,187 39, 388
245,878 •248,644 263.227 r 267, 713 | 271,925 275,845 ! 271,981 -•272,571
67, 903
61,650
64,446
r 54, 016 ' 40,155 I 50.235 | 65,010 | 62,598
41,345
35, 468
38, 021
38.181 r 29,326 i 33.978 ! 36.298 I 34,975
*• 44, 369 50,140
277, 309
' 69, 507
r 39, 631
280, 972
79, 207
46, 477
36, 802
278,446
68,987
28, 542
267, 061
68,314
39,328 I 39,327
* Revised. i Total for January and February. 2 Data not available.
§ Data continue series shown in the 1942 Supplement but suspended during the war period (it should be noted that data for iron and steel are shown in long tons in that volume);
data for October 1941-February 1945 will be published later.
d" Since May 1944 the coverage of the malleable iron castings industry has been virtually complete; see note in the February 1947 Survey for further information.
* New series. For data beginning September 1941 for softwood plywood see p. 16 of the September 1944 Survey. For description of the series on scrap iron and steel and 1939-40
data, see note marked "*" on p. S-29 of the November 1942 Survey. * The series for iron ore, all districts, are from the Department of the Interior, Bureau of Mines, and^cover the
entii "
- - - - - ....
.- ._-- .
. .
- . . . _ . . . . .
.
..
,
_.
n.
for
see note in that issue.
SURVEY OF CURRENT BUSINESS
S-32
March 1947
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
Janu- ! February
| ary
March
April
May
June
July
August
September
October
November
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Pig Iron and Iron Manufactures—Continued
Pis: Iron:
Consumption*
thous. of short tons..
Prices, wholesale:
Basic (valley furnace)
dol. per long ton..
Composite
do
Foundry, No. 2, f. o. b. Neville Island*
do
Production*
thous. of short tons..
Stocks (consumers' and suppliers'), end of month*
thous. of short tons..
Steel castings:!
Shipments total
short tons..
For sale, total
do
Railway specialties
do
Steel forgings:*
Orders, unfilled, for sale, total
do
Drop and upset
do
Press and open hammer
do
Shipments, total
do
Drop and upset, total
do
For sale
do
Press and open hammer, total
do
For sale
do
Steel consumed in production of forgings
do
Steel ingots and steel for castings:
Production
thous. of short tons-..
Percent of capacity §
Prices, wholesale:
Composite,finishedsteel
dol. per lb._
Steel billets, rerolling (Pittsburgh) dol. per long ton._
Structural steel (Pittsburgh)
dol. per lb..
Steel scrap (Chicago)
dol. per long ton..
i 3, 664
4,374
3, 739
2,395
3,623
4,560
4,696
4,571
4,812
4,424
3,8889
25.25
25.92
25.75
2, 645
25.25
25.92
25. 75
1,148
25.63
26.32
26.20
4,424
26.00
26.67
26. 50
3,614
26.00
26.82
26.50
2,444
28.00
28.67
28.50
3,682
28.00
28.73
28.50
4, 705
28.00
28.73
28.50
4,898
28.00
28.73
28.50
4,687
28.00
28.73
28.50
4,815
28.00
28.73
28.50
4,435
29.60
30.12
30. 5C
3,992
1, 257
1,239
1,046
821
810
771
830
881
687
668
99, 058
77, 071
22, 645
57, 423
45,151
101, 396
80, 843
21, 905
146, 327
108, 586
33, 598
129, 211
94,630
28, 547
123, 551
91,715
25, 604
119,157
84,422
22, 422
130, 450
94,653
24, 746
126, 415
90, 675
25, 993
138, 206
98, 945
25, 706
130, 813
93,930
27, 489
122, 21
87,238
21, 247
560, 761 596, 086 611,565 604,003
457, 882 486, 636 504, 561 506, 358
102,879 109. 450 107, 004
97, 645
129, 951
92, 877 122,609 155, 237
92, 654
69,196
83, 805 109, 981
61,717
43, 539
55, 738
67, 056
37, 297
23,681
38, 804
45, 256
25,115
15, 803
25,627
31,175
163, 435 92, 877 164,177 208, 307
598. 505
495,126
103, 379
138, 599
101, 064
54, 550
37, 535
27, 567
196, 527
610, 204
498, 064
112,140
146,612
106,105
56, 281
40, 507
29, 686
203, 773
623, 723
508, 431
115,292
153, 839
117, 234
56, 651
36, 605
23, 722
214, 336
639, 398
523, 696
115, 702
170, 692
129, 496
70, 541
41,196
31, 224
242, 930
647, 579
532, 035
115, 544
162, 022
125,478
69,192
36, 544
26, 943
232, 699
706,761 700, 398
587,663 582, 560
119,098 117,838
189, 280 170, 727
146,105 127,104
79, 262
70, 356
43,175
43, 623
31,215
31, 643
271, 061 237, 687
676, 505
566,069
110,436
172,151
131,139
71, 952
41,012
30,265
244, 285
«• 6, 617 r 6, 923
'85
r 6, 554
30.00
30.86
30. 50
5, 071
7,234
3,872
50
1,393
20
6, 507
83
5, 860
4,072
52
5,625
74
.0329
42.00
. 0250
29.75
. 0275
36.00
.0210
18.75
.0288
37.50
.0223
18.75
.0301
39.00
.0235
18. 75
.0301
39.00
.0235
18.75
.0301
39.00
.0235
18.75
.0303
39.00
.0235
18. 75
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
5, 465
1,695
1,705
19
' 6, 010
839
839
20
6, 733
1,428
1,424
24
2,000
1,988
38
8, 632
1,861
1,875
24
9,763
1,786
1,782
28
9,960
2,031
2,019
40
1, 605
1,381
1, 645
1,154
1,948
1,531
1,993
2,049
1,725
1,920
1,797
1,895
182, 994
138, 228
44, 766
149, 207
1,397
24, 066
133,202
101,147
32, 055
104, 975
1,249
20, 290
146, 097
116, 111
29, 986
114,833
1.362
23, 337
190, 732 248, 662
155, 456 213,016
35, 646
35, 276
155, 894 211,257
1,411
1,367
23,912
21,857
240, 089
204, 977
35,112
205, 462
1,279
20,422
4, 396
317
r 4, 789
355
r 6,162
407
' 5, 799
384
4, 379
453
401
341
149
044
137
138
278
267
356
4,214
454
418
371
177
924
106
117
327
249
327
4,336
439
457
361
166
973
118
100
340
265
351
38, 322
. 0375
52, 329
. 0385
r
6, 950
' 6, 457
'85
' 5, 76C
'74
.0305
39.00
.0235
18.75
.0305
39.00
.0235
18.75
.0305
39.00
. 0235
23.13
.0312
39.0€
.0235
27. 25
10, 318
2, 393
2,405
28
12, 202
2,039
2,036
30
13,071
2,354
2,351
33
13,612
2,198
2, 213
19
15,014
2,091
2,093
17
2,000
1,480
1,424
1,588
1,646
1,682
1,973
1,890
1,453
1,441
1,467
1,464
306, 798
267, 434
39, 364
276, 459
1,196
22, 900
343.338
302, 756
40,582
300, 870
1,391
25, 439
318,304
282, 075
36, 229
277, 829
1,340
25,159
258, 763
215, 247
43, 516
222,307
1,574
28,901
192,134
151,882
40, 252
161,951
1,401
25, 196
198, 40tj
157,030
41, 37f
167, 637
1, 323
24, 307
r 5, 779
399
5, 679
455
7,221
506
6,692
543
r 8,147
580
7,828
6, 93*
3,667
348
385
263
109
966
121
100
201
241
323
3,688
372
334
284
133
877
108
88
274
247
318
4,259
455
427
399
180
960
92
105
313
262
297
4,965
501
501
421
217
1,116
124
137
351
295
387
4,590
452
446
397
199
1,076
115
137
347
244
365
5,261
549
498
467
226
1,233
133
158
387
253
410
5,020
507
482
466
210
1,220
132
144
356
248
391
4,533
46f
41S
38€
174
1,08
12t
55, 598
. 0475
75, 844
.0475
65, 356
.0523
77,110
.0525
88, 606
.0550
95,038
.0575
29,811
.0575
93,752
.0682
113,44
.077
99.4
26.7
72.8
53.7
.195
109.3
27.7
81.6
60.5
.208
110.7
29.2
81.5
59.9
.221
118.6
28.5
90.1
65.6
.237
133.8
28.8
105.0
80.3
.237
148.6
33.8
114.8
88.8
.237
146.2
32.0
114.2
91.9
.237
178.7
39.9
138.8
110.1
.237
160. 5
35.6
124.9
99.5
.259
154.
34.
119.
92.
.27
7,336
8,194
3, 481
4,712
814
3,898
.1178 I
6, 267
25, 667
1,607
24, 060
3,701
20, 358
. 1178
7,489
35, 755
5,486
30, 269
12, 319
17, 950
. 1415
9,173
21, 272
2,950
18, 322
18, 272
50
.1415
5, 386
25,182
2,656
22, 526
19, 315
3,211
.1415
2,131
32, 503
1,225
31, 278
23, 929
7, 349
.1415
10, 564
33,182
6,809
26, 373
12, 933
13,440
.1704
14, 16
45,43
9,29
36,13
23,62
12,50
. 192
Steel, Manufactured Products
Barrels and drums, steel, heavy types:®
Orders, unfilled, end of month
thousands..
Production
do
Shipments
do
Stocks, end of month
do
Boilers, steel, new orders:!
Area
thous. of sq. ft..
Quantity
number..
Cans, metal (in terms of steel consumed):*
Shipments (for sale and own use), total...short tons__
Food
do
Nonfood
do
Shipments for sale
do
Commercial closures, production*
millions..
Crowns, production*
thousand gross._
Porcelain enameled products, shipments!
thous. of doL.
Spring washers, shipments
do
Steel products, net shipments:©
Total
thous. of short tons..
Merchant bars
do
Pipe and tube
do
Plates
do
Rails
do
Sheets
do
Strip—Cold rolled
do
Hot rolled
do
Structural shapes, heavy
do
Tin plate and terneplate
do
Wire and wire products
do
LNQNFERROUS
r 4, 927
382
r
m
311
26.
39
METALS AND PRODUCTS
Aluminum:
Imports, bauxite!
long tons__
Price, wholesale, scrap castings (N. Y.)__dol. per lb_.
Aluminum fabricated products, shipments, total*
mil. of lb__
Castings*
do
Wrought products, total*
do
Plate, sheet, and strip*
do
Brass sheets, wholesale price, mill
dol. per lb_.
C op per:
Exports, refined and manufactures!
short tons..
imports, total!
do
For smelting, refining, and export!
do
For domestic consumption, total!
do
Unrefined, including scrap!
do
Refined!
do
Price, wholesale, electrolytic (N. Y.)
dol. per lb..
r
r
66, 794
.0375
23. 6
57.2
39.3
. 195
.1927
63.8
23.2
40.6
24.6
.195
12,427
10,966
60, 026 ' 15, 583
15, 657
3.370
44, 369
11,800
20,368
5, 782
24, 001
6, 020
.1178
.1178
4, 225
7,341
31, 193 20, 510
762
5, 058
30, 431
15, 452
1,276
819
29,155
14, 633
. 1178 I .1406
Revised. * Total for J a n u a r y a n d F e b r u a r y . 2 D a t a not available. <g>Beginning 1943 data have covered t h e entire i n d u s t r y .
i Based on information recently available it is believed t h a t data beginning 1945 represent substantially t h e entire industry; in prewar years t h e coverage was about 90 percent.
O Total shipments less s h i p m e n t s to members of the i n d u s t r y for further conversion; data prior to 1944 were production for sale.
! D a t a continue series published in t h e 1942 Supplement b u t suspended during t h e war period; data for October 1941-February 1945 will be published later.
§For 1947 percent of capacity is calculated on a n n u a l capacity as of J a n u a r y 1, 1947, of 91,241,000 tons of steel; 1946 data are based on capacity as of J a n u a r y 1, 1946, 91,891,000 tons.
*New series. For pig iron consumption a n d stocks for 1939-40 a n d a description of t h e series see note marked " * " on p . S-29 of t h e November 1942 Survey. T h e series on pig iron
production is approximately comparable with data in t h e 1942 Supplement (data in t h a t volume are in short tons instead of long tons as indicated); see p . S-30 of t h e M a y 1943 Survey
for further information a n d data for 1941-42. T h e pig iron price series replaces the P i t t s b u r g h price shown in the Survey prior to t h e April 1943 issue. See note marked " * " on p .
S-33 of t h e F e b r u a r y 1947 Survey for a brief description of t h e data on a l u m i n u m fabricated products a n d reference to 1945 figures for t h e total; separate data prior t o 1946 for t h e detail
will be published later. T h e series for closures, including plastic closures, crowns, a n d metal cans cover all producers; data prior t o 1946 will be shown later. D a t a for forgings are
estimated i n d u s t r y totals based on m o n t h l y reports for large forge shops (shipping 300 or more tons per month) a n d 1945 totals for the smaller shops; total shipments include those for
sale a n d for own use; tonnages are weights before machining. 1945 data are as follows: Shipments, J a n u a r y to December—total, 497,862; 482,548; 549,345; 523,623; 510,009; 429,752; 345,145;
227.417; 126,338; 145,365; 135,288; 119,407; drop a n d upset, 269,379; 253,823; 286,226; 261,982; 261,513; 219,391; 167,849; 122,386; 87,794; 103,403; 96,961; 82,034; press a n d open hammer, 228,483;
228,725; 263,119; 261,641; 248,496; 210,361; 177,296; 105,031; 38,544; 41,962; 38,227; 37,373; unfilled orders for sale December 31—total, 543,507; drop a n d upset, 441,900; press a n d open
h a m m e r , 101,607.
^Revised series. D a t a for steel castings are estimated industry totals; see note on p . S-32 of the J u l y 1946 Survey for comparable figures beginning J a n u a r y 1945.
SURVEY OF CUERENT BUSINESS
March 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
January
S-33
1946
January
February
March
April
May
July
June
August
September
October
72, 807
77,947
136, 481
Novem- December
ber
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS—Con.
Copper—Continued.
Production :cf
Mine or smelter (incl. custom intake).-short tons._ 79,341
58,178
41, 667
Refinery
do
69, 008
49, 923
80,144
86, 998
143, 692 115,601
Deliveries, refined, domesticc?
do
74, 339
72, 799
Stocks, refined, end of m o n t h s
do
76, 680
Lead:
Imports, total, except mfrs. (lead content)!
do
17, 669
12, 291
Ore (lead content):
Mine production*
do
32,489
29, 507
Receipts by [smelters, domestic ore:cf
...do
31, 550
28, 525
Refined:
Price, wholesale, pig, desilverized (N. Y.)
.0650
dol. perlb__
.1293
.0650
Production, totald"
short tons.- 44,422 51, 054 41, 643
49,
795
42,
506
40,
070
From domestic orecf
do
44, 806
44, 343
48, 257
Shipmentsc?
do
51,
929
48,164
45,
312
Stocks, end of montho"
do
Tin:
Imports:!
1,151
Ore (tin content)
long tons_7,540
Bars, blocks, pigs, etc
do
22
0
Price, wholesale, Straits (N. Y.)
dol. per lb__
7000
.5200
.5200
Zinc:
Imports, total (zinc content)!
short tons.31,826
27, 662
For smelting, refining, and export!
do
312
1,111
For domestic consumption:!
Ore (zinc content)
do
13, 0 6 ^ 14, 300
Blocks, pigs, etc
do
17, 646
13, 050
Mine production of recoverable zinc*
do
51, 263 • 47, 529
Slab zinc:
Price, wholesale, prime Western (St. Louis)
dol. per lb—
.0825
.0825
.1050
Productioncf
short tons- _ 72,332 65,901
61, 274
58, 635
54, 856
Shipments©"
do
74, 795
47,169
41, 349
Domesticcf
do
67, 211
Stocks, end of monthd"
do
173, 337 266, 657 273, 075
HEATING APPARATUS, EXCEPT
73, 024
78 674
75, 066
77,578
129,206 ' 148,218
90, 896
80 832
41, 832
20,139
58, 590
70, 249
29, 280
75, 756
65, 448
31, 897
20, 551
93, 647
75, 754
32, 785
23, 870
95, 267
79,145
56,906
43,606
97, 527
101,183
64,462
59, 591
118,381
94, 669
69,748
67, 803
113,158
98, 619
7,506
6,526
4,981
5,217
5,046
12,909
9,477
19, 295
8,345
24 427
30,382
27, 081
28,190
24, 655
25, 554
22, 049
23,660
21,801
25, 044
32,977
28, 610
31, 373
27, 229
28, 054
25, 875
27, 324
27, 872
26,180
28.. 005
. 0650
25, 336
24,179
28, 702
41, 939
.0650
23, 766
22, 726
23, 941
41,758
.0650
19, 530
18, 393
21, 720
39, 563
.0818
18, 584
17, 450
25,173
32,969
.0925
34, 029
32, 622
35, 591
31, 396
. 0825
35, 690
33,994
32, 811
34, 275
.0825
40, 720
39, 012
34, 047
40, 944
.0825
43, 062
41, 217
41, 008
42,992
.1044
219
40 041 r 40.44S
38. 943
38, 287
34, 764 ' 40. 613
48, 262 " 4b., 088
5,074
0
.5200
4,483
470
.5200
1, 067
1,977
.5200
3,242
2,073
.5200
5,665
2,172
.5200
3,593
2,542
.5200
153
581
.5200
783
2,462
.5200
4,904
1,195
.6452
415
1,991
. 7000
44, 766
2,993
33, 878
3,102
32, 419
779
15, 729
878
31, 057
5,287
21, 241
3,476
25, 424
3,637
14, 425
742
27, 331
5,441
32, 041
3,624
17, 242
4,545
• 48, 433
8,899
4,784
51, 517
15, 278
6,612
48, 993
18. 60S
9,809
49, 891
7,616
21, 943
29, 031
18, 291
12, 485
9, 697
7,235
12, 742
• 50, 763 • 47, 548 ' 48, 215 • 42, 524
.0825
. 0825
60,903
71,612
73,191
83, 693
60,809
66,159
260, 994 248, 706
r
19, 982
14, 007
3,758
5,788
33, 218 ' 45,893
.0825
62, 416
69,489
60, 380
241,633
.0825
58, 812
60,492
51,101
239,953
.0923
59, 014
69, 220
58,321
229, 747
.0825
59, 752
51, 886
43, 522
237, 613
.0825
58, 475
65,927
60,130
230,161
91,161
.1012
. 1050
.0887
64,138 r 66, 873 70,176
73, 915 r 91, 429 90, 204
71, 667 r 75, 781 77,904
220, 384 195,828 175. 800
ELECTRIC
Boilers, radiators and convectors, cast iron:§
Boilers (round and square):
Production
thous. of lb_
Shipments
do. - .
Stocks, end of month
.
do-__
Radiation:
Production
thous. of sq. ft.
Shipments
do-_.
Stocks
do._Boilers, range, shipments*
numberOil burners:©
Orders, new, net
do
Orders, unfilled, end of month
do
Shipments
do
Stocks, end of month
do
Stoves and ranges, domestic cooking, exc. electric:*
Production, total
do
Coal and wood
do
Gas
do
Kerosene, gasoline, and fuel oil
do
Stoves, domestic heating, production, total*
do
Coal and wood*
do
Gas*
do.--.
Kerosene, gasoline, and fuel oil*
do...
Warm air furnaces (forced air and gravity flow), shipments, total*
do
Gas*
do_
Oil*
-doSoil d fuel*
do. - Water heaters, nonelectric, shipments*
do
17, 515
14, 939
35, 426
9,134
7,383
37,178
12, 341
11,324
38,195
15, 612
13, 492
40,316
22, 279
20, 264
41, 973
20, 986
21, 348
41,611
21,188
20, 222
42, 577
25,380
26,881
41,076
25, 713
27,021
39, 769
30,066
32, 243
37, 591
28, 451
30, 954
35.088
19, &5G
23, 694
32,173
2,174
1,937
2,094
82,041
1,948
1,431
2,610
34, 836
2,313
1,895
3,028
42, 964
2,571
2,239
3,361
87,128
3,179
2,196
4,344
89, 971
3,386
3,355
4,375
85, 704
3,196
3,559
4,C12
90, 636
3,878
4,469
3,421
113, 524
3,494
3,764
3,151
104,169
4,523
4,858
2,816
103, 837
4,321
4,369
2,768
94, 274
3, 250
4, 286
1,732
84, 457
' 89,831 141, 938
336,860 450, 695
30,282
28,103
6,488
6,206
'83,170
502,100
31, 765
4,648
136, 564
602,034
36, 630
5,796
169, 402 106, 579 '102,438
736, 347 806,181 862,912
35, 089
36, 745
45, 707
6,134
5,852
6,626
101,818
907,304
57, 426
5,543
81, 888
931,853
57, 339
5,198
99,009
956,966
73,896
6,407
234, 720
31,050
141, 741
52,950
310, 991
147, 944
72, 780
90, 217
178, 804
32, 338
113, 586
25, 620
240,467
103, 506
65, 735
71, 226
210,162 248, 402 225,876
37, 077
39, 080
31, 801
129, 990 147, 364 143, 344
34,073
51, 243
41, 225
287, 557 301, 719 264, 249
115,343 126, 727 103,158
82, 603
88,101
77, 542
89, 611
86, 891
83, 549
219,970
31, 415
136, 914
44, 350
282, 358
106, 608
93,091
82, 659
202, 517 263, 215 249, 542
34,142
28, 459
34, 520
127, 358 171,341 159,142
45, 471
47, 505
40, 379
304,007 376, 557 377,803
115, 421 135,191 146,901
86,334 104,037 116,405
102, 252 137, 329 114,497
296,874 254, 261
33,175
42, 232
191, 409 159, 704
50, 452 49,032
528,984 466, 854
206, 873 163,115
155,945 151, 271
166,166 152, 468
226, 313
31, 741
142. 922
40i 618
455, 520
151, 999
160. 658
142! 803
37, 789
9,322
3,312
25,155
161, 202
39, 664
10,084
3,115
26, 465
111,816
47,100
15,834
4,105
27,161
138, 636
49,337
15,914
4,140
29, 283
181, 424
48,912
16, 206
5,146
27, 560
187, 569
83,122
27, 545
9,157
46, 420
264, 989
86, 584
29.089
9,875
47, 620
260, 569
75, 41"
26,157
11,768
37, 490
253. 621
43,186
13, 590
3,398
26,198
176, 233
47,321
15, 776
4,766
26, 779
190, 967
62, 094
20, 216
6,246
35, 632
213, 789
72, 033
23,163
8,842
40, 028
209, 415
105, 689
86,196
990, 350 1,002,380
74.166
72,305
7.039
7,588
MACHINERY AND APPARATUS
Blowers, fans and unit heaters:
15. 2
• 13, 413
17, 382
16, 604
10, 1
Blowers and fans, new orders
thous. of doL10,193
8, 417
7,628
Unit heater group, new orders
do
Electric overhead cranesj:
1,082
1,607
1,049
1, 792
2,346
1,386 ! 1,422
1,456
2,360
1, 665
15,811
Orders, new
do
16, 775
12,185
15,132
16, 549
12, 772
13, 396 13,546 i 14,677
16, 242
1,192
Orders, unfilled, end of month
do
&94
1,348
757
786
781
850 ! 1,029
1,252
8u2
Shipments
do
477.4 i 430.9
Foundry equipment:
513.4
424.4
469.2
701.2
577.3
453.4
538.7
432.8
392.8
536. 6
491.7
421.0 i 379.0
New orders, net, total
1937-39= 100- _ 466.9
415.4
407.1
555.5
458.7
391.1
621.7
492.8
444.8
576.7
779.8
661.5
; 600.3
New equipment
do
665.0
453.5
672.0
342.6
391.7
426.2
488.2
484.1
427.7
481.1
351.8
26,176 ! 27.587
Repairs
do
26, 542
25, 468
29,140
26, 949
30, 263
28, 580
26,911
28,108
26, 580
22, 360
27,326
Machine
tools, shipments*
thous. of dol-.
r
Revised. Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
cTFor data for January 1942-April 1944 for the indicated copper, lead, and zinc series, see p. 24 of the June 1944 Survey. Total shipments of zinc include for December 1945-Scptember 1946 shipments for Government account in addition to shipments to domestic consumer and export and drawback shipments.
JData cover 9 companies since September 1944; earlier data back to March 1943 covered 8 companies.
§See p. 24 of the January 1947 Survey for available data for 1942-45 for cast-iron boilers and radiation; these series continue data in the 1942 Supplement.
©Data are based on reports of 150 companies, including about 30 which did not report previously, and cover practically the entire industry; it is believed that the concerns added
had little or no production in 1945 and data for that year also were practically complete; in prewar years, reports covered about 90 percent of the industry.
*New series. Data for mine production of lead and zinc are from the Department of the Interior, Bureau of Mines, and are practically complete; monthly figures beginning July
1941 and earlier annual totals will be shown later. Data for range boilers, stoves and ranges, warm-air furnaces and water heaters are compiled by the Bureau of the Census and are
practically complete; data prior to 1946 for all series will be shown later (data beginning 1944 for total shipments of warm-air furnaces are available in the May 1945 and later
issues of the Survey); the total for domestic cooking stoves includes combination ranges not shown separately. For souice of data on machine tool shipments and reference lor
1940-42 data see note on p. S-34 of February 1947 Survey.
SURVEY OF CURRENT BUSINESS
3-34
March 1947
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
February
July
March
August
Octo- Novem-(DecemSoptember ! ber ' ber ' her
METALS AND MANUFACTURES—Continued
xMACHINERY AND A P P A R A T U S — C o n t i n u e d
Mechanical stokers, sales:1
Classes 1, 2, and 3
number..
Classes 4 and 5:
N'o mber
Horsepower
Pumps and water systems, domestic, shipments:cf
Domestic hand and windmill pumps
number. _
Water systems, including pumps, total
do
Jet*
do
Non jet *
do
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol._
Scales and balances (except laboratory), shipments,
quarterly:*
do
Sewing machines, heads, production:*
Domestic
number..
Industrial
do
• 14. 063 ; - 14. 397 j - 16, 463 j - 15, 305
-245 '
-246
59, 080 r 68, 588
27,563 ! 24,093
27,231 :
46, 460 !r 37. 567 r 45,187 j
23,167 j
21,483 ! 20,991
22.020 '
24,977 | 16. 576
3,428
2. 836 I
2,856
-330
-427
- 83,958 r 70, 827
648
4, 014
r
25,003
60, 251
28,889
31, 362
3 V89
150
169
26. 389
36,099 I 31,326
8,117 \ 11.297 | 9.302
18,524 S 21.514
9 272 I 7.947
17, 503 ' 20, 354 i - 19, 437• 17, 269 | 14,946 < 7,.
28.157 I 23, 587 I 27, 741 22, 663
• 45, 640 -45,859 -46,155 ' 54, 531
24,494
23,562
23,042
27,421
21.146
22, 297
23,113
27,110
2,803
2 489
15,13,
617893
309
303 j
I, 586 - 75, 074
-342
73.717 i ' 87, 877
26. 737
59, 545
31,125
28, 420
r
33 838
8 909
r
450
63,055
454
78,454
357
58,495
24, 082
55, 485
26, 737
28, 748
30,
68,
34,
33,
552
289
728
561
28,917
57,986
30,103
27,883
3, 581
3,260
3,223
i
7,751
34, 596
10, 788
27 296
364
35, 249
9, 695
50, 042
12, 760
1,471
1,318
1,355
189,778
53,156
184, 215
48, 264
247,816
56,303
43,220 !
10,832 ;
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement only),
number*
thousands .
Domestic electrical appliances, shipments:
Washers •
numberWater heaters*
do.. _
Electrical products:!
Insulating materials, sales billed
1936=100.
Motors and generators, new orders
do__.
Furnaces, electric, industrial, sales:
Unit
kilowatts _
Value
thous. of dol.
Laminated fiber products, shipments
do _ _ _
Motors (1-200 hp):
Polyphase induction, billings
do. _.
Polyphase induction, newT orders
do
Direct current, billings
do...
Direct current, new orders
do___
Rigid steel conduit and fittings, shipments!--short tons
Vulcanized fiber:
Consumption of fiber paper
thous. of lb.
Shipments
thous. of dol_
I
1, 768 I
1,686 ,
1,706 '
1,672 |
1, 37
500
116.131 ! 89, 308 j 104,296 j 166.129 178,209 i 172,195 ! 168.
29,552 ' 25, 190 i 24. 870 I 30. 370 ; 33,137 j 39,204
020
I 42;
217 !
213 |
187 I
6,343 ! 6, r89 i
570 |
614 !
2.694
2,216 i
3,365 | 3,243 |
5,818 !
6,530 !
565
456
779
894
14,109
] 0,887
4,359
1,265
4 222
l', 104
216,634
54,384 .
252 I
284
492
9 099
i, 786 i 6,105 i 5,357
9, 379 '
606
604 |
771
527 :
351
2,878
!, 759 | 2, 738 i 3, 060
3, 268
I
!
s924 :
4,726
5,281 ' 5, 873 ! 6,154
377
10.809 ! 13,095
', 767 10,222
987
600
'847 |
973
868
589
,840
1,414
1,844 I 1,735
705
i, 590 i 12,940
16,103 j 16,129
i
3.389 I
3,214 ; 3,247
183
.474
1,038 !
824
1,138 ;
,056
,211
9,889
2,104
3,507
8,240
714
3, 761
7,519
15,445
1,234
2,067
21,471
7,871
13,808
1,011
1,741
18, 683
8,621
14,756
1,344
2,204
20,742
8,437
11,962 I
1, 222 I
1,215 i
20,533 ;
3,790
1,288
4,125
1,330
5, 059
1, 765
4,741 '
1, 640 |
1,423
1,723
3,241
1,558
1,920
3,639
1,503
1,821
3,956
1,628
1,705
4,034
558, 257
596, 609
464, 831
635, 827
635, 567
460, 946
607, 231
604,136
453, 896
224 I
429 I
222 |
j
1,150 |
242
404
385 I
227
465
432 I
351
508
4,869
647 |
4,328 j
331 !
438 ;
4. 227
600
4,074
PAPER AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:*
Consumption
Receipts, total
Stocks, end of month
Waste paper:*
Consumption
Receipts
Stocks
thous. of cords (128 cu. ft.).
do...
do...
short tons.
do...
do...
1, 354
2,687
1,286 I 1.511
1,511
1,716
2,913
3,117
590, 097 555, 229
589,511 545, 602
326,238 ! 316,488
1,512 |
1,433 I
3,038
616,542
637,199
337,518
606, 662
653,188
382, 992
1.516 1,514
1,331 1,604
2,942
2,853
620, 830
639, 991
401, 667
578, 075
606, 548
426, 750
-1, 585
- 1, 382
r 3, 818
680, 047 -651.974
707,738 ' 636,387
481,398 - 464,676
WOOD PULP
I
5,092
2, 906
1,359
4,780
1,058
3,198
6,057
3, 591
2,302
Exports, all grades, totalt
short tons.
4,334
1,947
232, 963 142, 069 109, 769 118,276 123, 985 150, 216 212, 697 147,417 133,141 152,660 135, 001
Imports, all grades, total+
do_.
9,757
5, 780
5,213
5,322
4,783
10,584
3,996
3,263
7,562
6,348
7,818
B leached sulphatet
do. 64,109
88,447
11,435
10,505
26, 482
31, 741
33,864
29, 292
20, 352
32,893
28,051
Unbleached sulphatet
do...
37, 439
37, 299
36,194
42, 638
38, 672
33, 988
31,113
37, 757
28,104
39, 406
26,938
Bleached sulphitet
do...
78,176
78, 483
37, 715
36, 085
45, 242
49, 574
62, 459
49, 818
49, 822
37,158
51,986
Unbleached sulphite J
do
1,699
1,943
1. 990
1,928
1,249
1,556
1,717
1,879
1,529
1,410
SodaJ
do
1,070
19, 502
21,011
17,113
23, 647
21, 967
22, 548
25,199
20, 824
21,194
14, 418
19,138
Groundwood X
do
Production :f
727, 224 720, 239 855,139 I 849,772 849,126 841,674 787,672 858, 510 808,650 905, 374 877,420
Total, all grades
do
77, 336
59, 004
63. 011
J, 144 76,411
78, 670
71, 931
80,170
79,811
76,008
Bleached sulphate
do
77, 472
230, 809 250, 454 320, 300 316, 854 307, 975 323, 722 309, 614 331, 586 314, 645 343, 457 336, 697
Unbleached sulphate
do
136, 813 127,991 140, 669 141,876 150, 015 138,986 132,575 143,184 135,185 152, 654 144,605
Bleached sulphite
do
62, 347
65, 455
64, 513
58, 989
65, 563
56, 675
Unbleached sulphite
do
69, 272
75, 732 ' 7 1 , 7 1 1
64, 407
64, 546
41,612
39, 553
35, 886
38, 631
38, 386
37, 583
Soda
do
42, 655
42, 010
38, 947
41, 320
40, 717
155,756 143, 333 163,110 164, 589 161, 044 149,840 133, 614 140, 027 132, 787 159, 873 158, 714
Groundwood
do
Stocks, end of month:f
74, 295
74,906
77,173
Total, all grades
do
67, 026
83,178
88, 429
77, 606
72,432 r 76, 590
85, 313
71,916
6,970
6, 265
3,855
5,203
6,684
7,358
6,021
7,589
Bleached sulphate
do
6,291
7,193
6,218
6, 556
7,624
7,340
6,773
7,119
8,055
6,430
7,865
8,013
8,350
Unbleached sulphate
do
8, 765
14, 834
15, 397
18, 561
17, 362
17,515
14, 363
Bleached sulphite
do
17, 933
17,185
16,713
17, 620
18,615
8,451
9,374
10,105
11,800
8,786
11,179
11, 043
Unbleached sulphite
do
13, 605
12,154
15, 399
15, 294
2,711
2,041
2,181
2,329
Soda
do
|
2,918
2,448
2,645
2,726
2,690
2,481
' 2, 611
26, 253
34, 089
Groundwood
do
I
25,638
37, 983
39, 252
34,940
29,870
28, 230
21,381
17, 943
21,423
r
Revised.
1 Data coyer almost the entire industry; in prewar years the reporting concerns represented over 95 percent of the total.
cf It is believed that data shown currently and also earlier data for recent years are substantially complete.
;Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
• Data for washers are from the American Ironer and Washer Manufacturers' Association and continue data published in the 1942 Supplement; comparisons with January-September 1942 data collected in the Bureau of the Census indicate that they cover about 97 percent of the industry; data include electric and gasoline washers.
*New series. See note in the February 1947 Survey for source of data for automotive replacement battery shipments, pulpwood and waste paper; all series are industry totals. Data
for 1939-45 for jet and nonjet water systems will be shown later. Data for scales and balances, sewing machines and electric water heaters are from the Bureau of the Census and are
practically complete (data since September 1946 for water heaters are estimated from data reported by the National Electrical Manufacturers Association); data prior to 1946 will be
shown later.
tRevised series. See note in February 1947 Survey regarding unpublished revisions in the indexes of new orders for motors and generators and sales of insulating materials. Data
for rigid steel conduit and fittings were revised in the July 1946 Survey (see note in that issue for explanation). Revised wood pulp production for 1940-43 and sulphite stocks for 1943
are shown on p. 20 of the December 1944 Survey and revised 1942 stock figures for all series are on pp. 30 and 31 of the June 1943 issue; revisions in the 1943 data for groundwood and
total production shown in the December 1944 Survey and unpublished revisions in the 1944 production data for these two series will be shown later: the data exclude defibrated, exploded and asplund fiber; stock data are stocks of own production at mills.
SURVEY OF CURRENT BUSINESS
March 1947
Unless otherwise stated, statistics through 1941
and descriptive notes m a y he found in the
1942 S u p p l e m e n t to the Survey
1947
January
S-35
1946
January
February
March
April
May
June
July
I August
September
October
Novem- j December I ber
PAPER AND PRINTING—Continued
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:*
Paper and paperboard production, total..short tons._
Paper
do
Paperboard
do
Build ing board
do
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):!
Orders, new
short tons..
Production
do
Shipmentsdo
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
Price, wholesale, book paper, " B " grade, English
finish, white, f. o. b. mill
dol. per 1001b..
Production
short tons..
Shipments
do
Stocks, end of month
do
Wrapping paper:'
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada:
Production
do
Shipments from mills
do
Stocks, at mills, end of month
..
do ___•
United States:
Consumption by publishers
do
Imports 1
do
Price, rolls (N. Y.)
dol. per short ton.J
Production
short tons..
Shipments from mills
do
Stocks, end of month:
At mills
do
At publishers. _
do
In transit to publishers
do
Paperboard (National Paperboard Association) :%
Orders, new
do
Orders, unfilled, end of month
do
Prod uction
do
Percent of capacity
Waste paper, consumption and stocks: §
Consumption
I'
short tons..
Stocks at mills, end of month
do
Paper products:
Shipping containers, corrugated and solid fiber, shipments*
mil. sq. ft. surface area..
Folding paper boxes, value:*
New orders
1936= 100.Shipments
do
PRINTING
Book publication, total
no. of editions.New books
do
New editions
do
1,508,961 1,428,745 1,638,097 1,628,857 1,621,346 1,596.773 1,474,261 1,684,906 1,596,187 1,751,147 1,672,960 1,575,972
782,844 720,336 819,320 813, 674 823, 646 820, 090 766,906 864,982 799, 698 888, 293 ••845,207 802,422
629, 243 613,914 '712,334 ' 706, 896 ••691, 129 677, 681 -"635,304 '729,445 687,473 737, 648 '708,949 658, 489
96, 874
94, 495 106, 443 108, 287 106, 571 99, 002 72, 051 90, 479 109,016 125, 206 '119,951 115,061
682, 014
644, 266
653, 559
593, 256 700, 693 682, 491 657, 053 669,564 659,247 646, 889 681,582 745, 909 640,569 644, 338
591,121 681, 001 666,108 672, 370 671, 335 613, 822 704, 694 648,551 725, 041 690, 102 669, 980
592, 627 682, 398 665, 605 670,144 677, 096 613, 441 701, 343 632, 877 736,737 695, 803 649, 478
101,382
135, 896
92, 351
94, 431
55. 963
83,681
136, 513
84, 450
85, 596
57, 412
247, 377 203, 257
247, 788 250, 553
9.30
7. 58
8.00
219, 785 198,199
221,406 198, 897
57, 996 56, 942
231,270
192, 175
232, 704
238,186
67, 047
370, 000
344, 543
113, 231
266,
422
68, 634
69, 492
215, 089
190, 398
217, 692
217, 859
68, 273
104, 902 107,677
89, 017 108,191 100, 854 85, 449 101,055
149, 408 161, 287 155, 066 175, 437 187,924 161,480 176, 288
92, 218 94, 770 97, 896 97, 790 89, 320 103,161
92, 573
96,129
91, 840 97,207 j 99, 684 85, 824 99, 592 88, 037
53, 721 56, 349 57,543 I 59, 500 56,150 53, 504 59, 081
109, 332
174, 098
102,908
112,537
54, 635
• 81,565
159,403
100,963
104,245
' 52, 578
234, 395 227, 871
261,171 255, 855
I
8.00 i 8.00
227,104 I 226, 978
223,972 228, 219
58,298 j 56, 934
I
262,247! 247,243 I 247,803
205, 926 199,825 186,017
262, 799 247,098 ] 252.282
264, 054 247,587 250,157
71,082 i 67,512
75,122
278, 773
214, 298
274, 416
276, 005
71,230
1
84, 304
161,502
92, 722
93, 037
52, 970
225,245 | 214,214 225, 529 202, 087 234, 622 254,603 212, 033 223, 580
259,124 i 252, 603 258, 456 229, 328 241, 498 248, 257 221,908 226,988
9.30
8. 55
8.55
8. 55
8.00
8.00 |
8.00
8.28
228,291 I226,110 206, 408 236, 530 219,460 246, 718 230,364 241,900
229,400 |288, 049 206, 958 237, 857 213,137 249,933 235, 028 215,967
62, 013 ' 50, 504 55,100
55,350 I 53, 512 53, 225 55, 331 59,320
!254, 258
i 194, 966
I 254, 348
I 256, 630
j 65, 970
247, 518
197, 977
237, 498
237,170
65, 867
261, 804
193, 693
266,987
267, 254
64,162
253,345
213, 506
248, 021
243, 728
72, 263
252, 261
197,134
263,871
264,765
' 66, 026
245, 954
191,210
249, 573
252, 874
67,131
328, 414 308, 382 334,127 337, 862 359, 943 334, 207 357, 027 370, 676 330, 063 376, 436 364, 304 341,951
316, 320 285, 304 320, 351 348,103 I 367,251 322, 805 364, 591 356, 572 335, 874 387, 294 391,388 340,125
92, 454 115, 532 129,308 119,067 | 111,759 123, 161 115, 597 129, 701 123,890 113,032 85,948
87, 774
221, 054 223, 244 267, 711 258,984 ! 261,484 259, 284 243, 072 • 257, 303 • 265, 583
244, 469 238, 888 269,795 285,017 ! 313,270 276,959 326, 399 295, 934 293, 228
67. 00
67.00
67. 00
71.08
67.00 | 67.00
67.00
73.80
74.00
67, 819 60, 564 65, 304 67,064 65,927
61, 241 62, 742 65,129
61, 025
66, 102 59, 015 67, 658 67, 698 I 65, 699 61, 671 60, 249 67, 206 55, 587
292, 205 291,517 294, 835
305, 777 323, 457
80.00
67, 248 64, 739 62, 088
62, 054
66, 966 62,107
14,360
231, 694
75, 602
7, 252
8,057
9, 606
6,618 ! 6,846
6, 832 12,270
12, 552 15,184
15,218
8,909
6, 416
221, 957 216, 241 198,122 201,776 1 210,276 209, 784 226, 577 243, 331 240, 602 217, 303 217, 438 219, 478
55, 206 60, 277 55, 341 56,332 ! 59,257
52,155
61, 735 64, 331 60, 634 82,167
79, 676 73, 328
802, 016
586,121
774, 667
99
685, 788 641, 342 754, 872 747, 907 •717,331 669, 747 715, 696 729, 066 699, 362 791, 784 690, 702 684, 354
516, 776 533, 794 549, 929 553, 274 567, 068 558,129 620, 354 564, 299 569, 409 601,787 545, 042 532, 773
624, 862 614,867 710, 987 716, 274 703, 422 675,118 663, 229 754,177 679, 504 767, 091 737, 454 676, 988
97
92
100
90
94
89
96
99
99
100
97
450, 740
313, 398
397, 534 372, 489 412, 718 413,131 408,173 374, 295 369,803 439, 696 399, 684 420, 867 474, 317 397, 478
204, 736 193, 885 211, 335 238, 597 259, 832 283, 996 315, 236 313, 975 299,218 309, 990 304,100 321, 434
5, 475
470
372
4,800
4, 345
4,923
5,078
4,975
4,730
4,763
5, 233
4,919
5, 512
5, 242
4,828
347.7
301.3
324. 8
283.1
397. 0
322.1
389. 5
379. 6
338.0 i 338.4
362. 7
331. 3
361. 0
300.5
381.0
368.3
414.6
351.5
440.2
409.4
363. 8
397.0
421.4
405. 9
348
281
67
465
368
97
638
518
120
679
556
123
536
422
114
510
401
109
656
532
124
848
675
173
863
704
159
621
657
'761
717
546
15.27
15.28
16.56 i 16.81
16.55
12.482 ' 12. 726 ' 13. 622 ' 13. 584 ' 13.593
5, 469
3,636
5,263
5,444
5,048
79
63
83
94
132
116. 78
13. 593
5.409
200
664
539
125
682 !
553
129
PETROLEUM AND COAL PRODUCTS
COAL
Anthracite:
E x portsK
.thous. of short tons.
Prices, composite, chestnut:
Retail
dol. per short ton._
Wholesale
do
Production
thous. of short tons__
Stocks, producers' storage yards, end of mo
do
Bituminous:
Exports?
do
Industrial consumption and retail deliveries, total
thous. of short tons._
Industrial consumption, total
do
Beehive coke ovens
do
Byproduct coke ovens
do
Cement mills
do
Electric power utilities
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail deliveries
do
317
13. 748
' 5,155
284
15. 20
12. 452
4,982
157
2,813
314
382
387
15. 26
15.26
15.25
12. 467 ' 12. 467 • 12. 467
5,084
5,492
4,788
176
214
192
3,130
3, 633
1,744
546
732
366
3,245
5,418
' 5, 874
5,070
4,196
557
957
16. 80
13. 597
4,990
236
i 16. 63
13.620
5,080
251
3,644
1,712
1
42, 424 46, 698 44,516 • 45,940
46, 244 43, 627 32, 043
28, 496 34, 012 39, 235 41,565
37,281
35, 382 28,118
25,030
29,548
32, 744 33, 958 34, 041 36,714 35,401
31,281
'599
38
719
35
571
716
788
729
867
562
570
5, 502
7,101
3,654
6,309
7,551
7,781
7,578
7,814
6,992 ' 6, / 57
3,744
676
518
503
432
575
632
675
656
693
694
441
6, 732
5,190
4,585
5,024
5,714
6,314
6.280
6,708
6,447
4,929
5,110
9,515
8, 246
9,827 10, 391
7,902
8,257
8,720
9,092
8,790
9,571
8,879
'871
749
683
815
546
582
671
760
725
850
799
12,131
7, 875
7,876
8,230
8,740
8,548
9,283
10,211
11,028
11,087
10,743
8, 659
3,925
14,963
8,245
3,466
4,464
6,491
7,607
8,383
9, 984
9,115
'1 Revised.
\ Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
Two cities formerly included in the average were dropped in September 1946 (August figure excluding these cities, $16.54); one city dropped in October and two additional cities
in November but average was not materially affected.
% For revisions for January 1942-March 1943, see note for paperboard at bottom of p. S-36 of July 1944 Survey.
§ Estimated; see note in April 1946 Survey for basis of estimates.
t Revised series. The series from the American Paper and Pulp Association beginning in the August 1944 Survey are estimated industry totals and are not comparable with data
in earlier issues; there have been further small revisions in the 1943-44 data as published prior to the June 1945 issue; these revisions and earlier data will be published later.
* New series. The new paper series are from the Bureau of the Census and cover production of all mills including producers of building paper and building boards; for 1942 monthly
averages and data for the early months of 1943, see p. S-32 of the August 1944 issue. For data beginning 1934 for shipping containers, see p. 20 of the September 1944 Survey.
For data beginning June 1943 for folding paper boxes, see p. S-32 of the August 1944 Survey; earlier data will be published later. Minor revisions in the January-May 1944 figures for
folding
paper boxes and January 1943-May 1944 data for shipping containers are available on request.
55, 769
42,824
872
7,964
658
7,158
10,104
929
15,139
12,945
51,826
36, 542
631
5, 299
471
5,706
10,976
552
12, 907
15, 284
SURVEY OF CURRENT BUSINESS
S-36
March 1947
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
Octo- Novem- (December I ber j ber
PETROLEUM AND COAL PRODUCTS—Continued
COAL—Continued
Bituminous coal—Continued
Other consumption:
Vessels (bunker)§
1
tnous of short tons..
Coal mine fuel
do
Prices, composite:
Retail (34 cities)
dol. per short ton..
Wholesale:
Mine run
do
Prepared sizes
do
Productionf
thous. of short tons..
Stocks, industrial and retail dealers, end of month,
total
thous. of short tons..
Industrial, total
do
Byproduct coke ovens
do
Cement mills
do
Electric power utilities
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail dealers, total
do
249
88
219
ill
249
122
14
10.69
10.69
10.70
10.73
5.447 !
5.709 I
50,248
5. 454
5. 709
56, 849
,r). 454
r
5. 740
r
5. 976
rl9,695
!
58, 531
55, 386
8, 269
677
15, 705
13,235
1,005
16, 495
3,145
237
6.207
6. 483
58,860
5. 443
5. 709
54, 433
49,114
45, 948
5,885
871
13,208
7,673
878
17, 433
3,166
46, 528
44,049
5,661
594
14,378
9,393
626
13,397
2,479
r
51,158
48, 047
6, 393
608
14,802
11,070
705
14, 469
3, 111
r
5 709
506
3,
38, 741
36, 398
4, 117
414
12, 044
7? 554
607
11. 662
2 343
31.643
29,937
2, 565
289
9, 949
6.202
460
10,472
1,706
•
r
88
222
138
223
10.93
11.23
" 5. 832
r 6. 094
50, 579
37. 777
35. 213
3,630
482
11,430
7,297
624
11.750
2, 564
146
240 j
' 5. 949 i r 5. 97:
'6.186
'6.194
• 51, 350 r 54, 686
43,611
40, 450
3,871
591
12,594
7, 641
642
15.111
3,161
1
11.23
47, 990
44, 567
5. 230
768
13,907
8,117
843
15, 702
3.423
r
11.10
135
158
140 !
237 j
134
224
1
11.08 |
' 5. 976
' 6.199
51,922
5.989 \
6.200 I
- 57, 485
52. 367
48. 965
5, 924
891
14, 563
8,800
855
17, 932
3,402
54,924 :
51,532 !
6, 593 !
1. 046
15.638 I
9,274 I
888
18,093 \
3,392 !
179
1 11.22
r
5.998
6. 212
37, 501
r
6. 044
6.305
' 43, 746
52, 429 ' 4 7 , 157
49,546 r 44. 453
5,222
6, 355
887
1.054 !
14,549 i 13, 044
6,959
7,587 :
877
'785
19. 124
17, 556
2, 704
2,883
COKE
Exports §
thous. of short tons._
Price, beehive, Connellsville (furnace)
dol. per short ton__
Production:
Beehive
thous. of short tons_.
Byproduct
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
At furnace plants
". do
At merchant plants
do
Petroleum coke
" ] do
PETROLEUM AND PRODUCTS
160
8.812
562
29
219 •
7.500
r
••406 !
3,800 !
161 j
368
2.632
149
••464
5, 000
167
'21
3. 852
181
970 !
666 I
305 I
146
1,161
934
227
147
1,016
814
203
142
620
442
178
144
97 j
76
78
49
8. 750
. 750
8. 750
557 '
5,512 !
212 |
301
[.925 i
191
381
4.769
197
1,120
653
467
96
. 034 !
002 '
432
93
929
571
358
90
7. 500
.750
i.000
2,574
164
-367
4,418
159
'468
,323
168
'485
5, 345
190
465
292
172
120
616
360
256
85
709
361
348
78
'524 '
>,462
186
807 I
398 !
409 i
72 I
:
93
8.750
7.500
949
503
446
89
:
\
j
i
I
Crude petroleum:
140,130 130, 232 144,488 139,884 148,621 145, 069 150, 541 150, 550 145,181 146, 816 140, 514 148,171
Consumption (runs to stills)!
thous. of bbl..
3,542
3,794
4,622
3,687
4,272
4,602
2,418
3, 839
3,401
4,291
Exports§
'.
do
1,495
2, 610
8,422
6,176
7,149
8,255
7,867
7,631
6,578
7,784
8,302
6, 268
Imports!
do
rl 066
' 7, 813
1.560
1.485
1.460
1.460
1.190
1.460
1.110
1.210
1.210
Price (Kansas-Okla.) at wells
dol. per bbl._
1.110
1 110
1.260
1.560
143,368 132 129 136,835 140,196 148.334 146, 890 152, 586 149,910 143, 708 148,323 144,674 146,471
Productionf
thous. of bbl
95
93
94
96
90
95
95
95
91
94
96
Refinery operations
pet. of capacity.98
Stocks, end of month:
222, 480 221, 592 223,140 224, 351 224.157 222,417 222,177 226, 453 224,473
223, 442 227, 220 221, 400
Refinablein U. S.f
thous. of bbl._
53,113
53, 344
52, 074
53, 894
54, 529 52. 988 55,119
54, 785
53,128
53, 532
51,819
55, 430
At refineries
do
156, 790 157, 315 153,419 153,186 153.765 152, 786 155, 656 154.501 153.469 155, 434 158,207 156, 238
At tank farms and in pipelines
do
15,122
14.902
14, 669
14, 765 14.839
15, 054
14,853
14,871
15,235
15,163
14,833
14,475
On leases t
do
5,703
5, 335
5,483
5, 401
4,528
4,533
5, 066
4,921
4,554
4, 607
4,968
4.913
Heavy in California
do
1,248
1.314
1,434
1, 333
1,333
1,236
1, 425
1,112
1,396
1,241
1,291
1.302
Wells completed!
number..
Refined petroleum products:
Gas and fuel oils:
|
Domestic demand:§
23,110 ! 32. 450
14,520 I 18,131
18,063
13. 828
19,804
18.297
14,850
29,473 i 25,341
15,098
Gas oil and distillate fuel oil
thous. of bbl_.
41.497 | 47, 405
33,509 | 37,014
37,925
42, 229 37,911
Residual fuel oil
do
39, 346 39,283
36, 734
Consumption by type of consumer:
2 141
4,3:2! ' 5. 313
2.914
3,280 ;
2,157
2,963
3.511
2,851
2,512
2, 261
1,968
4,426
Electric power plantsf
do
G' 935
7,607
7,249 '
7.307 !
6, 729
6,461
6,950
6, 500
6,859
6,903
6,584 |
7, 625
Railways (class I)
do
5, 579
2,367 •
5,002 i
3, 695
5,374
5,436
4. 621
5,967
5, 547
4,874
6, 999
6,049
Vessels (bunker oil)§
do". _I
Exports: §
—,c I
1,273
1,992
891 I
2,715
3,407
3,684
1, 723
3, 969
2,456
2,540
1,797
Gas oil and distillate fuel oil
do
730
550 ;
831
569
321
507
351
324
374
363
578
Residual fuel oil
do"."
m\ .066
.062
.062 ;
.058
.062
058
.058
.058
.058
.070
.058
.058
Price, fuel oil (Pennsylvania)
dol. per gal__
.062 j
Production:
23,741 ! 24,970
24,432
23,877
23,703
23,181
25, 298
24, 589
24, 390
23. 348 23, 320
23,047
Gas oil and distillate fuel oil
thous. of bbl_.
33,777
33,015 . 35. 937
34,512
35, 942
37, 407
37, 598
36, 569
36, 060
37,940
37,816
34, 791
Residual fuel oil
do
Stocks, end of month:
68. 145 I 59.620
67,870
62, 019
54,068
32,064
29, 922
33.885 38, 824
46,439
28,990
25,511
Gas oil and distillate fuel oil
do
52,735
47, 094
54,012
55, 580
48,186
35,206
32, 995
38, 932 41,492
45, 446
34, 573
34,008
Residual fuel oil
do
Motor fuel:
61,315' 61.043:
66,598
62, 216
66, 701
62,045
69, 044
51,186 j 47,889 | 56, 801
66, 774 63. 221
Domestic dcmand§
thous. of bbl
3.049
3,620
3, 688
3,604
3,248
4,949
2,321
4,452 |
2,826
5, 258
2, 555
Exports§
do
Prices, gasoline:
.070
.070
.070
.070
.068
.050
.055
050
.058
.060
.070
.053 |
.054
Wholesale, refinery (Okla.)
dol. per gal
.161
.159
.159
.159
.158
145
.149
.149
.151
.146 !
.149
.161
.145
Wholesale, tank wagon (N. Y.)
do
.157
.155
. 155
.156
.155
.141
.141
.142
.151
.142
.142 !
.142
.158
Retail, service stations, 50 cities
do
69, 028
67, 305
66, 072
66, 284
69, 707
61,160
67,445
55, 492
61,899
65,191
64, 345
62,126
Production, totalf
thous. of bbl_.
25, 780
24,612
25, 384
25,155
26, 733
20,915
23, 216 24, 668 25,260
24,385
26,000
23, 234
Straight run gasoline
do
'
35, 607
34,024
34, 452
33, 530
35, 346
27, 388
33, 921
29, 910 30, 573 32, 945 31,445
31,067
Cracked gasoline
do
10. 155
10,275
10.651
9. 574
9,821
9,251
9,223
9,529
9,558
10,122
9,563
9,501
Natural gasoline and allied productsjf
do
2,604
2,870
2,444
2,082
2,085
1,973
1, 765
1.872
1,928
2,217
1,866
1,752
Sales of 1. p. g. for fuel and chemicals
do
6,232 '
5,390
6,023
5.813
4,448
5, 774
4,487
4,869
5,229
4,619
4,940
5,037
Used at refineriesf
do
2,493
2,701
2,555
1,937
2,784
2,649
2,619
2,309
2,561
2,856
2,047
Retail distributiond*
mil. of gal.-.
Stocks, gasoline, end of month:
i
79,980
84,534
77, 628
78, 848
78,833
90, 444 85,801
79, 384
95,186
83. 726
Finished gasoline, total
thous. of bbL_
94,115 I 96,293
51,927
47, 581
46, 244
47, 021
47, 347
48,077
63,532 58, 605 53,893
-50,911
At refineries
do
j
63, 999
63,203
8.208
8,607
8,324
8,173
7,912
8,300
8,394
8
975
8,159
|
8,245
Unfinished gasoline
do
i
8,543
8,279 !
4.981
5.487
6,312
7,060
6,943
7,334
6,982
Natural gasoline
do
I
6^ 658
7,004 i
7,343
5,843
5,034 I
r
Revised. d^See note in April 1946 Survey.
1 The average includes only 32 cities for September 1946 and 31 cities beginning October 1946; the August 1946 average excluding the 2 cities dropped in September is $10.93; September 1946 figures for 31 cities, $11.07.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
fRevised series. For source of 1939-41 revisions for bituminous coal production, see note marked "f" on p. S-32 of the April 1943 Survey; revisions for 1942-43 are shown on
p. S-33 of the April 1945 issue. Final revisions for 1945: January, 53,134; February, 48,280; March, 52,584; April, 43,490; May, 49,620; June, 51,137: July, 47,362;
August, 47,802; September, 47,067; October, 39,260; November, 50,926; December, 46,955. For 1941 revisions for the indicated series on petroleum products see notes marked "f" o n P- s~33 of the March
and April 1943 issues (correction for crude petroleum production January 1941, 110,446); 1942-43 revisions are available upon request.
{Includes natural gasoline, cycle products, liquefied petroleum gases at natural gasoline plants, and benzol: sales of liquefied petroleum gas for fuels and for chemicals and transfers of cycle products (not showTn separately above) are deducted before combining the data with straight run and cracked gasoline to obtain total motor fuel production.
March 1947
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
January
S-37
1946
1947
January
February
March
April
May
June
July
August
September
October
Novem- Decem
bcr
ber
PETROLEUM AND COAL PRODUCTS—Continued
PETROLEUM AND PRODUCTS-Continued
Refined petroleum products—Continued
Kerosene:
Domestic demand §
. thous. of bbl
Exports§
do
Price, wholesale, water white, 47° refinery (Pennsylvania)
dol. per gal
Production
thous. of bbl
Stocks, refinery, end of month. _ .
do
Lubricants:
do
Domestic demand§
... _ .
Exports^
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gal__
Production
-.thous. of b b l . .
-. . do .
Stocks, refinery, end of month
Asphalt:
Imports§
_
_
. . . . . . _ .short tons
Production
do
Stocks, refinery, end of month . .
do
Wax:
Production
t h o u s . of l b _ .
do
.
Stocks, refinery, end of month
Asphalt prepared roofing, shipments:t
Total
thons of smiaros
Smooth-surfaced roll roofing and CE p s h e e t . . . d o
Mineral-surfaced roll roofing and c ap sheet do
Shingles, all tvpes- . . . __
do
.076
.298
5,827
1,942
1,287
2,598
11,176
586
9, 608
370
8,006
393
5,995
655
6,338
782
5,185
1,566
5, 339
976
4,321
767
5,284
705
7, 502
312
8, 899
414
11,513
664
.066
9, 688
4,666
.070
9,506
4,304
.070
9,852
4,981
.070
8,396
6,097
. 070
8,887
7,912
.070
8,376
9,063
.071
8,435
10, 490 .
.074
8,179
12, 382
.074
7,825
13,442
.074
8,566
13, 926
.074
7,893
12, 734
.075
8,782
9, 772
2 689
775
2,275
603
2,562
1,225
3,061
721
2,866
1,131
2,715
1,054
3,049
910
3,236
1,135
3,095
694
3/536
706
2, 900
906
2, 900
1,063
.160
3, 395
7,694
,160
3,159
7, 966
.160
3,786
7,951
.160
3, 693
7,852
.160
3,722
7, 565
.160
3,839
7,635
.160
3,620
7,293
.200
4, 096
7, 030
.214
4,016
7,244
.248
4,327
7,338
.250
3,857
7,384
.274
4,135
7, 564
9,065
459,500
786, 500
665
479,300
889,600
9, 925
540, 500
948, 400
8,985
447
592, 700 711,800
986, 200 1,023,100
8,588
738,200
907, 600
9,052
851,800
819,600
18,772
871,300
691, 800
27,811
827, 800
626, 500
8,253
806, 500
577, 800
0
670,400
622, 200
0
615,800
702, 000
65, 520
80,640
64,960
81,480
77, 280
85, 400
68,040
80, 920
67,760
77, 280
65, 520
81, 760
60, 480
73,920
69,160
73, 360
68, 600
83,160
74, 480
84, 840
79, 240
89,880
79, 800
86, 240
4, 563
1,350
1, 226
1,987
4,0G0
1,229
1,073
1, 759
4, 680
1,526
1,102
2,052
5,151
1,696
1,224
2,231
5 168
1, 746
1,076
2,346
5, 045
1,575
1,099
2,371
5,516
1,837
1, 128
2,550
5, 264
1,633
1, 146
2, 486
5, 646
1,760
1, 237
2, 649
5, 328
1.725
1,168
2,435
5, 231
1,691
1,134
2, 407
r
5, 213
1, 653
' 1,105
r
2, 456
r
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumptionf
Imports, including latex and Guayule §
Stocks, end of montht
Synthetic rubber:*
Consumption
Exports
Production
Stocks, end of month
Reclaimed rubber:
Consumption
Production
Stocks, end of month.
long tons.
do...
do_..
45, 372
294,147
10, 355
19,595
133,294
10,131
33, 008
157,977
12,792
31,757
180,088
16,914
28,109
182,831
17,867
6,262
170,763
16, 466
9, 545
176,768
21,998
21, 627
169, 490
28,405
35, 731
185,580
31,123
41,736
199, 591
35, 421
46, 887
200,799
37, 323
59, 266
218,672
r
63, 770
6,430
51,848
144, 427
74, 214
17, 726
60, 363
115,310
70,703
12, 931
66, 014
101,510
70,914
13,144
66,044
93,447
62, 899
5,367
63, 388
94, 095
54, 562
3,166
63,176
101, 007
61, 486
2,188
64, 300
103, 076
58, 798
2,603
63,765
108,840
60, 729
487
62,086
110,913
57, 794
1,786
60, 305
113,556
r
38, 802
46, 658
237, 467
do.
.do.
_do.
.do.
62,104
117,052
66,993
5,675
56, 089
177,051
..do.
.do
.do.
26,061
25, 584
31,746
22, 031
24,458
29,099
20, 702
23,187
30,210
22, 075
25,136
31, 436
22,396
23, 930
31, 732
22,162
25, 322
33, 554
21, 725
24,882
35, 295
21,350
22, 619
35, 603
24, 566
25,798
35, 742
23,715
23, 956
35, 404
26, 706
26, 322
34, 261
24, 385
24, 748
33, 516
96
5,973
5, 547
576
3,338 i
111
5, 801
5, 468
476
3,487
206
6,686
6,621
730
3,392
196
6,883
6, 989
1,105
3,304
245
7,061
7,032
1,259
3,377
235
6,036
6,134
925
3, 309
248
5,985
6,247
1,529
2,890
264
7,054
6,825
1,684
3,006
155
7,233
6,943
1,636
3,370
198
8,205
8,433
1,874
3,041
358
7,579
7,485
1,656
3,026
80
4,669
4. 286
4,048
96
4,878
4,390
4,421
151
5,840
5,649
4,519
160
6,114
6,079
4,190
198
6,463
6,278
4,373
205
5,710
5,700
4,377
192
5,702
5,959
4,014
193
7,032
6,931
3,929
109
7,287
6,735
4,435
125
8,087
8,534
4,108
258
7,643
7,165
4,364
7,550
8,163
3,903
57, 367
53, 453
1,877
' 62, 648
114,963
1
23, 597
r 25, 254
r
33, 666
TIRES AND TUBES
Pneumatic casings:§
Exports
Production
Shipments
Original equipment.
Stocks, end of month..
Inner tubes: §
Exports
Production
Shipments
Stocks, end of month..
.thousands.
do.
.do.
.do.
.do.
.do.
.do.
.do.
.do.
7, 518
8, 145
1, 839
2 457
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments
reams.. 151, 364
115,440
129,204
143,919
9,635
47
7,391
18, 653
5, 304
9,250
50
7,853
20, 034
5,824
11,305
55
12, 718
18, 651
6,330
161, 776
151, 292
147, 807
140,813
161, 631
150, 726
166, 649
164, 733
145, 383
12, 650
64
15,369
15, 974
6,013
12, 091
59
16, 066
11,957
5,111
14, 489
73
14, 564
11, 894
4,983
15,420
75
16, 249
11, 064
4,788
16, 213
79
17,955
9,308
4,580
16, 450
83
17,153
8,612
3,898
16, 410
81
17, 721
7,298
3,598
15, 335
78
14, 803
7,830
3,512
14, 557
71
11,494
• 10,921
r
3, 886
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bbl..
thous. of bbl.do
do
13, 353
66
8,363
15,911
4,581
r
CLAY PRODUCTS
Brick, unglazed:
Price, wholesale, common, composite, f. o. b. plant
17.196
17. 328
18.551
dol. per thous.. 19. 270
17. 213
17. 399
17. 646
17. 932
18. 074
18. 218
18. 519
19.010
19.095
Production*
thous. of standard brick..
285,997
291,995 353,623 r 387,063 ' 372,829 ' 376,587 ' 481,547 ' 501,287 * 470,998 r 509,839 T 455,676 381, 322
r
351,572
'
443,647
285,820
284,999
r
355,575
447,614
r
481,377
Shipmen ts*
do
r 480,121 ' 424,705 355, 782
r 378,489
' 354,086
r
T
r
r
185,572
192,234 194,892 r 204,679
217,985
263,564 r 286,534 310,814 339,129
Stocks, end of month*
do
368,953 383, 659
235,490
Unglazed structural tile:*
r
Production
short tons..
76, 516 r 75, 693 ' 92, 276 r 96,103 '101,507 T 104,107 r 119,041 »• 125,352 116, 845 128, 276 ' 123,976 113, 507
r
81,871 ' 78, 771 ' 91, 037 ' 101,578 r 100,940 r 99, 706 ' 117,723 r 124,293 115,474 122,157 r 107,833 102, 278
Shipments
do
' 52, 926 r 49,853 r 50, 996 •• 45, 214 ' 45, 526 ' 52, 285 r 56, 608 ' 56, 923
Stocks
do
62, 633 r 80, 497
57, 664
87, 405
Vitrified clay sewer pipe:*
Production
do
' 84, 219 ' 55, 496 r 56,113 r 64, 433 ' 90, 656 ' 92,369 r 107,901 r 108,042
99, 000 116,567 102, 857 103,108
r
Shipments
do
78, 365 r 50, 607 r 54, 267 ' 68, 219 ' 95, 887 r 98, 634 ' 104,072 ' 108,446 106, 518 110,751
98, 495 103, 323
Stocks
do
138,201 144,652 145,937 * 141,922 r 135,071 r 129,427 r 134,529 r 133,143 125, 491 131,330 134, 560 137, 850
' Revised. § Data continue series published in the 1942 Supplement but suspended during the war period. Data for 1941-45 for tires and tubes and imports of natural rubber are
shown on pp. 22 and 23 of the December 1946 Survey. Data for October 1941-February 1945 for other series will be published later.
1 For source of the indicated series and 1941-45 data, see p. 23 of December 1946 Survey; these data continue similar series published in the 1942 Supplement.
* New series. Data for 1943-45 for exports of synthetic rubber and for 1941-45 for other synthetic rubber series are shown on p. 23 of the December 1946 Survey. For September
1942-December 1943 data for brick see p. 24 of the February 1945 Survey and for 1939-45 data for clay sewer pipe, p. 23 of December 1946 issue: data for September 1942-February 1945
or unglazed structural tile will be shown later.
fData for asphalt roofing have been published on a revised basis beginning in the April 1945 Survey; see note in that issue.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1947
January
March 1947
1946
January
February
March
April
Mav
June
July
jA u g u s t
tember
Octo- I Novem- December
ber
ber
STONE, CLAY, AND GLASS PRODUCTS—Continued
GLASS PRODUCTS
Glass containers:!
Production
thous. of gross_. 11,155
Shipments, domestic, total
do
10,101
General use food:
743
Narrow neck, food
do
i 3, 078
Wide mouth, food (incl. packers tumblers)-do
623
Beverage
do
832
Beer bottles
do
1,421
Liquor and wine
do
Medicinal and toilet
do
2,295
General purpose (chem., household, indus.)--do
725
359
Dairy products
do
1
25
Fruit jars and jelly glasses
do
4,167
Stocks, end of month
do
Other glassware, machine-made:
Tumblers:f
Production
thous. of doz_ Shipments
do
Stocks
do
Table, kitchen, and householdware, shipments f
thous. of doz._
Plate glass, polished, production
thous. of sq. ft.. 21, 980
9,892
9,646
9,872
9, 614
9, 555
9, 425
8,982 !
9,235 '
8, 991
8, 680
9,426
9, 001
680
3,041
415
801
1,161
2,355
752
353
89
4,394
8,985
8,847
615
2,775
399
801
1,152
2,052
667
317
67
4.294
725
2,904
524
791
1,156
2,229
772
342
171
4,287
773
2, 905
566
546
1.159
2,143
717
347
268
4,140
824
2,844
558
389
1, 008
2,223
729
315
345
3,643
865
2,502
653
415
1,059
1,899
663
280
346
3, 729
962
i 2. 629
595
374
1.146
1, 975
676
284
' 1360
3,911
5,753
5, 516
4,882
6, 465
6,138
4,879
7,770
7,672
5, 007
6, 935
7.416
4,410
5,978
6, 706
3,937
7,389
6, 347
4,920
6,070
5, 984
4,997
4,402
4,355
3,681
13, 849
4,153
19,292
4,100
18, 515
4,513
18, 863
3,847
16. 316
3,553
18,409
10. 659
10, 406
9,815
9,633
10, 533
10,376 j
1,287
3. 217
615
417
1.252
2,221
717
332
r
i 347
3,917
1,309
2,864
529
460
1,216
2,051
582
314
309
3,940
971
i 3, 204
571
576
1,408
2,491
687
364
i 105
3,906
7, 891
7,946
4,784
6, 711
6,078
5, 352
7, 763
7,657
5, 326
1
4.335 j 3,645
16,803
21,142
9,610
9,332
9,344
9, 352
!
744
! ' 2, 978
517
|
573
!
1,372
I 2,099
I
658
318
73
3,905
723
i 2. 881
' 513
639
1,342
2.227
651
331
i 44
3, 591
6, 848
6.527
5,544
6, 470
6, 242
4.879
5,000 I 3,168
23, 271 , 20, 781
2,298
18,411
!
GYPSUM AND PRODUCTS
Crude gypsum:
Imports cf
Production
Calcined, production
Gypsum products sold or used:
Unealcined
Calcined:
For building uses:
Base-coat plasters
Keene's cement
All other building plasters
Lath
Tile
Wallboard©
Industrial plasters
42, 721
1,143,238
!8, 731
short tons..
do
do
do
do
do
do
thous. of sq. ft
do__.
do_ _.
short tons.
300,815 !
1,306,845 I
946.851 '
358, 643
:,263
265, 675
6, 589
85, 952
242,917
5,164
408,149
48, 568
331. 237
8, 655
91, 524
281, 750
4,055
443,327
52. 320
. 571,871
J1,522,455
il, 172,746
541,733
1,642,030
1,249,901
394,436
472, 603
1
422. 025
8, 392
103,442
295, 620
4,508
""'"" 537
49, 941
482,306
9, 871
i 115,806
i 328,491
I 5,138
| 589.374
55, 484
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
_ thous. of dozen pairs Shipments
do
Stocks end of month
_ _ _ do
14, 592
13,394
18, 464
13,131
12, 751
14, 678
12, 235
11, £38
14,919
12, 976
12,613
15, 225
13,067
12, 643
15,592
13,985
13.344
16,178
12, 968
13,118
15, 971
11,968
11,008
16, 932
13, 438
12, 086
18, 284
13,179
13,511
17, 952
14,533
15, 089
17, 396
13,339
13,627
17,108
12,083
11, 925
17. 266
811,218
293,166
35,899
.224
747, 748
250,482
25, 845
.230
804, 290
318,948
39, 609
.227
812, 749
317. 633
30,767
.236
871,470
456, 671
42, 852
.241
792, 317
409, 926
15,862
.260
729, 603
366, 510
27, 694
.308
855,511
411.570
17,896
.336
818,449
242,177
40, 984
. 353
931, 229
103, 781
35,530
877, 461
445,147
49,651
.292
774,177
356, 786
14.630
.300
.247
. 258
.268
.277
.274
.292
.334
.355
. 369
.361
.309
. 324
162
532
2,334
5, 725
7, 366
7.783
COTTON
Cotton (exclusive of Iinters):
Consumption
bales. 947, 036
Exportscf
do
Importsc/1
do
.297
Prices received by farmers +]
dol. per lb
Prices, wholesale, middling;, Me", average, 10 markets
.319
dol. per lb_.
Production:
Ginnings§
thous of running bales
8, 166
Crop estimate, equivalent 500-lb. bales
thous of bales
Stocks, domestic cotton in the United States, end of
month :$
Warehouses. _
thous. of bales. Mills
do
Cotton Iinters:
94
Consumption
_
do
135
Production
do
472
Stocks, end of month
.
.. . ...do
2
8,027
8, 813
3 8, 482
2 9,016
9, 906
2 295
9,332
2, 306
8,547
2,319
7,534
2,311
6.340
2,238
5,320
2,179
4.414
2. 179
3,785
1,983
4,280
1,865
5, 845
1,928
6,161
2.019
5. 939
2, 125
97
r 141
475
90
88
' 483
95
71
'481
90
49
' 476
85
31
'444
84
'15
'399
94
' 14
347
87
26
285
75
'292
79
'162
' 349
82
'169
'388
79
129
437
T ~4
COTTON MANUFACTURERS
Cotton cloth:
Cotton broad
production,
Cotton goods
Production
woven goods over 12 inches in width,
quarterly*
mil. of linear yards..
fiinished, quarterly:*
total
do
Plain dvpd
Printed
Exportscf 1
do
do
thous. of sq. y d s . .
TmDortsSr?
do
Prices, wholesale:
Mill margins
cents per lb
Denims, 28-inch
dol. per y d . .
P r i n t cloth 6 4 x 6 0 »
.do_._
Sheeting, unbleached, 36-inch, 56 x 56O
do
4
51.60
.338
.192
r
2,267
2,299
' 65,140
' 7, 326
73,107
' 4. 265
1,788
878
466
443
68, 310
3,551
57, 503
5,176
23. 09
.256
.114
.138
23.73
.256
.114
.138
22.01
.256
.114
.138
< 24. 97
.280
.126
.138
' 62, 800
3 131
' 66, 200
2,814
1,734
840
478
416
71, 472
' 4, 840
20.68
.223
.099
.120
19.49
. 223
. 099
.120
22 57
.248
.110
.133
r
2,355
2 190
' 59, 444
3,581
1,625
786
449
390
' 41,109
' 2, 311
41,313
2,459
' 68, 907
1,792
99. 872
2,190
25.93
.312
.134
.165
27.40
.323
.140
.172
30.86
.338
.146
.180
40.78
.338
.147
.180
47.72
.338
.185
i
Revised. * Jelly glasses included with wide mouth food containers. 2 Total ginnings of 1945 crop. 3 December^
December 1 estimate of 1946 crop.
Based on cloth prices for July 24, 1946, from the "Textile Apparel Analysis" for first 3 weeks of the month and O.P. A. ceilings for last week.
O '
& Data continue series published inThe"1942 Supplement'but'suspended during the war period; data for October 1941-February 1945 will be published later.
% See note in February 1947 Survey for source of August 1941-March 1942 revisions and total cotton stocks in the United States July 31, 1946.
*New series. For a brief description of the data for cotton broad woven goods and 1943 figures see p. S-35 of August 1944 Survey and for 1939-45 data for cotton goods finishing,
t Revisged.Sseries 1S Se^' note on p. S-34 of the July 1944 Survey regarding changes in the data for glass containers and comparable figures for 1940-42 and note in May 1946 Survey
for changes in the reporting companies for other machine-made glassware; glass container data since October 1945 are from the Bureau of the Census. For revisions for August 1937july 1942 for farm price of cotton, see P. S-35 of June 1944 Survey.
SURVEY OF CUKREXT BUSINESS
March 1047
S-39
1946
Unless otherwise stated, statistics through 1941
a n d descriptive notes m a y be found in t h e
1942 S u p p l e m e n t t o t h e Survey
Janu-
February
March i April
June
May
July
September
| August
October
Novem- jDecember | ber
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES—Continu id
Cotton cordage, rope, and twine production, qua rterly*
thous of lb
Cotton yarn:
do
Production (sale yarn) total*
Carded and combed yarns:
do
Weaving
do
Machine knitting
do
Thread
do
\11 other cotton and mixed fiber varns*
Prices, wholesale:
Southern, 22/1, cones, carded, white, for knitting
. 699
(mill)t
doi per 1b
do
Southern, 40s, single, carded (mill)
i .819
Spindle activity:
21,919
Active spindles
thousands
Active spindle hours, total
mil of hr . 10, 588
hours
444
Average per spindle in place
Operations
pet. of capaeitv
123.3
RAYON AND MANUFACTURES
Yarn and staple fiber:
Consumption:
Filament varn
mil of lb
.do
.
Stable
fiber
>_
Imports §
thous . of lb
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol. ner 1b
do
Staple fiber viscose \\*> denier
Stocks, producers', end of month:
Filament yarn
_ _ mil. of lb .
do
Staple fiber
Rayon goods, production, quarterly:*
Bropd woven goods
thous of linear yards
do
Finished total
do
White finished
do
Plain dved
-do __
Printed
WOOL
Consumption (scoured basis):!
Apparel class
thous . of lb
Carpet class
- ._ _ . - d o . . . .
do
Jmports§
Prices, wholesale:
1.155
Raw, territory, 64s, 70s, 80s, fine, scoured*_dol. p e r l b . do
Raw bright fleece 56s greasy*
.530
Australian, 64-70s, good top making, scoured, in bond
(Boston)*
dol. Der 1b
.850
Stocks, scoured basis, end of mo., totalf- -thous . oflb_.
do
Apparel totalf
do
Domestic!
Foreignf
_ __
._ _ . - d o . . _ .
do
Carpetf
WOOL MANUFACTURES
Machinery activity (weekly average):\
Looms:
Woolen and worsted:
Broad
thous. of active hours
do
Narrow
__
_ _ Carpet and rug:
Broad
- . . - do _
do
Narrow"
Spinning spindles:
do
Woolen
do
WTorsted
_ _ _ _- .
Worsted combs
- .- _ . . . _ . do
Woolen and worsted woven goods (except woven felts) :*
Production, quarterly, total-__thous. of lin. yards. _
Apparel fabrics
do
Men's wear
do
Women's and children's wear
.. _ . . . _do
General use and other fabrics
-do_._Blankets
- ..
__- .do do
Other nonapparol fabrics
Wool yarn:
Production total*\
thous . oflb_.
Knitting *\
_ ___
do
Weaving*!
do
Carpet and othei*! -.- .do
Price, wholesale, worsted yarn, 2/32s (Boston)
dol. per lb_1.950
MISCELLANEOUS PRODUCTS
Fur, sales by dealers
Pyroxylin-coated fabrics: +
Orders, unfilled, end of month_
Pyroxylin spread
Shipments, billed_
r
thous of dnl
thous. lin. v d .
thous . oflb_.
thous. lin. y d .
31 525
31 488
29 201
217, 420
217, 783
212,941
218 508
85,099
72,570
9, 006
50, 745
79,874
73 614
9, 272
55,023
81,254
69 878
9,478
52,331
84 835
73.005
9. 472
5] 196
29 K> 5
.470
. 592
.476
.592
.504
.627
. 525
.646
.543
.672
.543
.672
. 599
.672
. 643
. 756
. 671
.804
.699
.834
.699
K 819
699
1.819
21, 621
9, 486
399
110.7
21,616
8,493
357
113.0
21,947
9,133
383
114.1
21,964
9,147
384
109. 9
21,958
9,558
401
110.5
21,944
8,707
369
115.4
21, 984
8,007
336
95.3
22,019
9,449
396
112.4
21, 639
9, 037
379
114.4
21, 754
10,143
424
116.2
21,524
9. 499
397
119. G
21 tifc*
8 671
362
107.8
55.7
14.0
1,492
50.2
13.3
1,426
58.3
16.8
2,943
56. 6
14.8
2, 295
56.8
15.9
1,887
51.8
14.1
3,428
'• 52. 0
15.6
3, 653
57. 3
r 15.0
3, 369
54.2
14.0
2,423
'59.6
15.7
3,108
.58.0
' 13.0
3, 708
55 6
12.9
4, 277
. 550
250
. 550
250
. 550
.250
. 550
.250
.550
.250
.550
.250
. 550
.250
.550
.250
.550
.250
. 550
.250
8.3
4. 1
10.0
4.0
o 2
1.9
9.3
2.3
8.7
2.1
7.3
1.8
8. 7
2.2
8.4
2.3
9.1
2.6
9.7
2.6
9. 7
2.5
r
437, 388
441,627
55,148
292. 862
93,617
439,178
454,322
51 659
299,498
103,165
r
r
. 585
. 265
620
. 280
ti. 0
1 i",
408 615
388,783
42 498
269,134
77,151
53, 995
10,100
106, 619
47, 708
9,916
78, 567
50, 424
10, 352
113,593
61,635
11,465
126,519
48, 252
9, 576
91, 793
49,604
10,268
73, 601
50, 750
9,135
103,311
49, 788
10, 308
89, 529
49, 900
10, 260
85, 556
63, 375
13,435
70,226
' 48,156
'11,492
66,053
46, 740
11,752
56, 553
1.035
.485
1. 025
.480
.995
.465
. 995
.465
. 995
.465
.995
.465
.995
.465
.995
. 465
.995
.465
1.037
.480
1.106
.490
1. 145
. 530
.755
. 755
.755
496, 801
426 667
r
231,698
r 194,969
r
70.134
. 747
745
.745
567,349
466,489
r
264,897
r 201,592
r
100,860
.745
.745
.745
597,502
490 847
' 297,499
' 193,348
' 106,655
.757
.789
85C
540,072
r 437 759
T
273,404
r
164,355
' 102,313
2 551
85
2 547
110
••100
113
102
122, 605 ••117,164
118,212 r 112, 384
221
230
113,137
114, 515
226
r
r
r
r
r
r
2 276
72
2,480
81
2 582
85
2 586
79
2 486
88
2 640
86
2 169
68
2 608
84
2 592
86
2 687
86
83
68
95
74
101
79
103
84
98
86
107
94
78
70
106
94
105
93
113
101
109, 462
102, 327
197
120, 378
112,677
220
122, 334
115, 501
226
119,955
114,045
224
119,134
108, 463
214
123,986
114,293
220
98,191
89.145
177
123. 886
110.807
217
120, 847
] 12, 153
223
145,635
125 628
53 791
56,144
15, 693
12, 336
7 671
154, 339
133,942
58 060
60,853
15, 029
12, G77
8,320
r 146, 564
r127 207
r 55 032
r
56 859
' 15, 316
T
11 833
r 7 524
82, 775
14, 775
57, 272
10, 728
74, 204
13,460
50, 656
10, 088
77, 300
14, 052
52, 740
10, 508
94, 390
17,110
64. 650
12,630
74, 716
13, 764
51, 064
9,888
77, 948
14, 008
52, 832
11,108
75, 910
15,890
52, 425
7, 595
77, 928
13, 704
53,120
11,104
75, 432
13,236
51, 620
10,576
1.900
1.900
1.900
1.900
1.900
1.900
1.900
1.900
1.900
8,760
12, 786
6,754
8,210
7, 274"
13,137
6,129
7,401
r
7
156,983
137 267
60 91 °
60 695
15, 660
12 503
7.213
96,
16,
65,
14,
200
610
250
340
1.900
r
73, 844
' 12, 384
49, 732
r
11, 728
70, 728
11. 456
47., 776
11.466
1.900
1. 900
r
5,300
7,322
7,381
4, 236
' 3,103
«• 4, 813
* 7, 553
4,640
3,332
13, 035
6,301
7, £06
13, 606
6,811
8,448
13,182
6, 814
9,071
13, 468
5,748
7, 653
13,800
5,651
7,371
13, 589
6, 972
8,552
13, 281
6, 287
7,151
12,914
7,480
9,867
12, 354
7. 205
9, 217
13. 194
7. Of*
9, 135
Revised. ] Quotations are for cotton yarn twisted, 40/1, carded, and are not comparable with data prior to November 1946; comparable October 1946 figure, $0,819.
I D a t a for January, April, July, and October 1946 are for 5 weeks; other months 4 weeks.
§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.
tSee note in the April 1946 Survey with regard to changes in these series; data related to cotton fabrics only prior to August 1945.
f Revised series. See p . S-35 of the November 1942 Survey for 1941 data for the yarn price series and p . S-35 of the M a y 1943 issue regarding a change in the coverage of the wool
stocks series; stocks have been revised above to include corrections and to transfer wool 40s and below to apparel class; revised data for 1942-45 will be shown later; stocks include
wool held by Commodity Credit Corporation b u t exclude foreign wool held by Defense Supplies Corporation.
*New series. For 1939 and 1943-45 data for rayon goods finishing, see p . 23 of the August 1946 Survey. D a t a for rayon woven goods production, cotton cordage, rope, and twine,
cotton sale yarn and wool yarn production are from the Bureau of the Census and represent virtually complete coverage; data beginning 1943 will be showrn later; the wool yarn series
are for 4- and 5-week periods. T h e price series for Australian WTOO1 is from the Department of Agriculture; prices are before payment of duty; data beginning 1936 will be shown later,
1939-43 for the other wool price series are shown on p. 24 of the February 1945 Survey. For available data for 1937-43 for woolen and worsted goods production, see p. 19 of the M a y
1945 Survey.
SURVEY OF CURRENT BUSINESS
S-40
March 194T
1946
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
March
April
May
June
July
August
September
Octo- I Xovem- iDecember i ber I ber
TRANSPORTATION EQUIPMENT
MOTOR VEHICLES
Exports, assembled, total §
number-.
Passenger cars§
do
Trucks§
do___.
Factory sales, total §
do
Coaches, total
do
Domestic
do
Passenger cars, total
do
Domestic
do
Trucks, total
do
Domestic
do
Production:*
Passenger cars
do
Trucks and truck tractors, total (incl. military) _do
Civilian, total
do
Heavy
do
Medium
do
Light
do
Truck trailers, production, total*
do
Complete trailers
do
Vans
do
All other
do
Chassis shipped as such
do
Registrations^
New passenger cars
do
New commercial cars
do
349,475
1,253
1,069
247,130
225, 989
101,092
77, 300
252,100
102, 727
102, 727
10, 458
48,978
43, 291
10, 266
2,962
7,304
101, 867
467
436
56, 367
53, 441
45, 033
37, 970
12,397
2, 350
10, 047
93, 042
265
230
57, 784
54,111
34,993
26, 787
13, 285
4,001
9,284
124, 003
85, 810
80, 239
37, 666
29,125
132,
125,
80,
62,
62, 723
54, 864
54, 791
6, 278
23,956
24, 557
5, 323
4,924
2,822
2,102
399
47, 965
28, 660
28, 562
4,469
9,849
14, 244
3, 898
3, 540
1,885
1,655
358
90, 045
39,320
39, 309
2,432
16,952
19, 925
5,412
4,818
2, 539
2.279
150, 206
81,072
81, 070
5,802
43, 837
31, 431
6,691
6,148
3, 464
2,684
594
543
18, 999
6,312
12, 687
214, 350
948
854
527
443
631
765
771
529
27, 017
8,321
18,696
243,104
789
741
166, 942
158, 344
75, 373
59, 947
23, 644
7,013
16, 631
201, 902
774
751
141, 090
131, 284
60, 038
50, 247
23,694
10, 518
13,176
297, 633
862
833
209,180
195,158
87, 591
72,102
152, 948
74,650
74, 650
4,823
37, 427
32, 400
6,617
6,016
3, 306
2,710
601
142,313
58, 739
58, 739
4,066
18, 608
36, 065
5, 033
4,459
1,983
2,476
574
493, 299
46, 488
31, 803
14, 587
17, 216
346, 209
1,067
27, 401
12, 477
14,924
328, 795
833
23, 017
11, 832
11,185
391, 727
975
923
47, 695
22, 496
25,199
371,156
1,146
1,102
269, 081
250, 379
100, 929
79,138
867
758
261
083
881
283
232, 280
218, 645
95, 682
220, 321
93, 458
93, 458
5,995
49, 529
37, 934
5,966
5,654
2,287
3,367
312
241, 302
105, 516
105, 516
4,840
57, 062
43, 614
7,650
7,207
3,091
4,116
239, 412
92, 014
92, 014
6,071
44, 559
41,384
6,578
6,143
2,679
3,464
443
435
578
261, 007
100, 552
100, 552
8,401
50,158
41,993
7,449
7,051
3,147
3,904
398
172, 961
53, 657
199, 316
62, 820
219, 281
69, 565
225,180
74, 708
230,424
63, 978
7,188
2,442
60
60
247,
229,
97,
78,
77, 501
283, 586
263, 236
107,166
88, 207
285, 606
109,953
109,953
8,940
51,175
49, 838
8,731
8,153
3,987
4,166
87, 375
40, 920
56, 285
2,460
2,325
4, 038
3,181
2,662
2,094
56
56
3,098
2,570
61
61
3, 915
3,244
5,957
3, 057
240
240
3,340
2,816
181
181
4,625
4,234
21
21
68
68
69
45
34
45
1, 755
1,753
1,749
78
4.7
36,058
28, 683
7,375
1,748
80
4.7
41, 417
34, 609
6,808
1,746
1,743
74
4.4
73
4.5
1,749
83
4.9
35,954
28, 184
7,770
1,748
4.4
38 650
29 947
8 703
4.3
67
4.0
42,714
35, 367
7,347
53,727
37,213
16,514
52, 817
36,942
15,875
3, 260
8.5
3,179
8.3
3,298
3, 217
3,195
3,147
8.5
8.5
8.4
3. 204
'8.5
69
55
14
14
236
140
96
65
53
12
490
490
0
114
66
48
67
57
10
506
506
0
92
58
34
65
57
8
499
499
0
253
141
112
276
258
18
RAILWAY E Q U I P M E N T
American Railway Car Institute:
Shipments:
Freight cars, total
number.
Domestic
do
Passenger cars, t o t a l i
do
Domestic t
do
Association of American Railroads:
Freight cars, end of month:
Number owned
thousandsUndergoing or awaiting classified repairs.-do
Percent of total o n l i n e
0rders, unfilled
cars_
E q u i p m e n t manufacturers
do___
Railroad shops
do...
Locomotives, end of month:
Steam, undergoing or awaiting classified repairs
number.
Percent of total on line
Orders unfilled:
Steam locomotives, total
numberE q u i p m e n t manufacturers
do_ - .
Railroad shops
do.__
Other locomotives, total*
do.__
E q u i p m e n t manufacturers*
do. - Railroad shops*
d o . _.
Exports of locomotives, total §
do___
Steam§
do. _ _
Other§
do_._
INDU STRIA L ELECTRIC T R U C K S
TRACTORS
Shipments, total
Domestic
Exports
6,991
2, 265
58
58
3,474
2,202
494
494
2,411
1,664
9
9
1,740
66
4.0
60, 529
44,144
16, 385
1, 757
71
4.2
36,471
29, 002
7, 469
74
4.4
37, 572
30, 345
3,175
8.6
2, 834
7.3
2,944
7.6
3 075
8.0
3,145
24
373
363
10
' 195
r
129
66
85
57
28
378
368
10
163
125
38
82
57
25
412
402
10
216
172
44
74
52
22
416
406
10
262
172
90
63
43
20
522
512
10
258
86
70
16
529
515
14
286
208
76
60
16
528
-•514
14
227
174
53
146
142
4
148
148
0
154
148
6
219
211
8
266
202
4
273
260
13
258
247
11
265
245
20
229
220
9
311
293
18
53
48
5
586
586
0
38,151
29, 687
8,464
8.2
487
473
1,742
67
4.0
54, 413
39,179
15, 234
AND
number.
do_ _ _
do - _ _
CANADIAN STATISTICS
Physical volume of business, adjusted:
Combined index!
1935-39=100.
Industrial production, combined index!
do_._
Construction!
do.__
Electric power
do_..
Manufacturing!
do. - _
Forestry!
do...
Mining!
do...
Distribution, combined index!
do.._
Agricultural marketings, adjusted:!
Combined index
do_ .
Grain
do___
Livestock
do...
Commodity prices:
Cost of living
do...
Wholesale prices
1926= 100Railways:
Carloadings
thous. of cars.
Revenue freight carried 1 mile
mil. of tons.
Passengers carried 1 mile
mil. of passengers.
195.4
193.9
252.5
151.8
202.8
138.4
119.7
198.7
181.2
188. 2
254.2
152.9
197.9
150.7
98. 1
166. 7
191.4
199.0
441.1
155.6
190.7
146.9
143.5
175.9
192.8
197.9
426.3
164.1
189.9
144.0
142. 0
182.3
184.3
189.6
302.6
166. 5
186.9
143.2
155. 8
173. 4
178.9
179.4
204.0
164.5
181.4
128.0
158. 7
178.0
180.3
181.1
237.0
168.2
181.2
143.2
155.3
178.6
178.1
175.5
178.6
164.3
180.6
149.0
158.9
183.4
173.3
172.5
186.9
155.2
179.0
150.9
147.7
175.0
179.0
184.2
284.3
155.3
185.5
156.5
146.1
168.1
181. 3
180.2
197.7
154.0
191. 5
157. 3
138. 7
183.6
163. 7
168.9
140.9
68.8
52. 5
139. 2
66.0
54.3
117.0
124.6
129.9
101.4
160. 5
177.7
86.0
97.1
92.9
115.4
146.6
148.4
138.7
132.8
133.2
131.0
97.2
96.5
68.5
106.8
103.2
122.5
121.7
115.1
150.5
119.9
104. 6
119.9
105. 2
120.1
105.6
120.8
108.2
122.0
108.6
123. 6
109.1
125.1
109.5
125.6
109.2
125.5
109.1
126. 8
110.8
127.1
111.4
287
4,644
424
263
4,215
.392
302
4,981
412
282
4, 156
367
296
3,983
335
291
305
325
324
371
349
4,055
4,048
4,406
5,142
5,467
5,267
420
484
501
292
279
373
r
Revised. ] Total for January-June for passenger cars and for January-March for commercial cars; monthly data not available.
;Data for October 1945-January 1946 and April 1946 include converted troop kitchens and troop sleepers.
§Data continue series published in the 1942 Supplement, except that changes have been made in the classifications in some instances. Data for exports of "total locomotives" and
"•other locomotives" were revised in the May 1946 Survey (see note in that issue); data through February 1945 for the revised series and for October 1941-February 1945 for the other
export series will be published later. In the factory sales data, coaches were formerly included with trucks and changes have been made in the classification of certain special type
vehicles, revised monthly figures for 1940-41 and annual totals for 1942-45 will be published later; the factory sales figures include certain types of vehicles (for example, half-tracks)
not included in the production figures above. Revised figures for new car registrations beginning 1940 for commercial cars and 1941 for passengers cars through March 1942 will also
be published; R. L. Polk Co., source of these data, did not report registrations for April 1942-December 1945.
*New series. See note in the September 1945 Survey for a description of the data for trucks and tractors; data beginning 1936 will be published later. Data beginning July 1945
for passenger car production are on p. S-40 of the September 1946 Survey; there was no production April 1942-June 1945. Data for unfilled orders of "other locomotives" are for class
I railroads and include electric, Diesel-electric, and Diesel; data beginning 1939 will be shown later. Data for truck trailers are from the Bureau of the Census and are industry totals;
annual total production for 1939-41 and monthly figures for 1942-45 will be published later.
tRevised series. The Canadian index of construction has been shown on a revised basis beginning in the August 1945 Survey, the mining index beginning in the April,1944 issue,
and the other indicated indexes beginning in the December 1942 issue; see note in the April 1946 Survey for the periods affected.
I). S . GOVERNMENT PRINTING O F F I C E : 1 9 4 7
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
Pages marked S
Abrasive paper and cloth (coated)
37
Acids
_
23
Advertising
._
—6,7
Agricultural income, marketings
1
Agricultural wages, loans
„
14,15
Air-line operations—
21
Aircraft industry
2,10,11,12,13,14
Alcohol, denatured, ethyl, and methyl
...
23
Alcoholic beverages
It 2, 26
Aluminum
32
Animal fats, greases
24,25
Anthracite
2,4,11,12,13,14,35
Apparel, wearing... 4,6,7,8,10,11,12,13,14,38,39
Armed forces
9
Asphalt
37
Automobiles
1,2,6,7,10,11,12,13,14,17
15
Banking
27
Barley32
Barrels and drums
34
Battery shipments..
33
Bearing metal.. .,
..
28
Beef and veal..
Beverages, alcoholic
1,2,26,27
Bituminous coal
2,4,11,12,13,14,32,35,36
Boilers
.
..
33
Bonds, issues, prices, sales, yields
.
18,19
Book publication
35
Brass
32
Brick
4,37
Brokers' loans
...
15,18
Building contracts awarded
5
Building costs.
.
..
5,6
Building construction (see Construction)
Building materials, prices, retail trade
4,7,8,9
Businesses operating and business turn-over..
3
Butter
26
Canadian statistics
16,17,40
Candy
28
Cans, metal
32
Capital notations
18
For productive uses
_18
Carloadings
22
Cattle and calves
27, 28
Cellulose plastic products
.
25
Cement..
_— 1,2,4,37
Cereal and bakery products
4
Chain-store sales
_
8
Cheese
...
_
26
Chemicals.
1,2,3,4,10,11,13, 14,17,23
Cigars and cigarettes
29
Civil-service employees
11
Clay products (see also Stone, clay, etc.)
1,2,37
Clothing
_
4,6,7,8,10,11,12,13,14,38
Coal
2,4,11,12,13,14,35,36
Cocoa.
_.
28
Coffee
_
_.
28
Coke
_
2,36
Commercial and industrial failures
3
Construction:
New construction, dollar value
5
Contracts awarded
.
5
Costs
...
5, 6
Dwelling units started.
5
Highway
5,11
Employment, wage rates, earnings, hours- 9,12,14
Consumer credit
15,16
Consumer expenditures
„
7
Copper..
32, 33
Copra and coconut oil
24
Corn
27
Cost-of-living index
„_ 4
Cotton, raw, and manufactures
2,
4,10,12,13,38,39
Cottonseed, cake and meal, oil
.
24
Cranes, electric overhead
33
Crops__
1,25,26, 27
Currency in circulation
.
.......
17
Dairy products
1,2,3,4,26
Debits, bank
15
Debt, short-term, consumer
.
. - 15,16
Debt, United States, Government . . .
17
Department stores, sales, stocks, collections
7,8,9
Deposits, bank
15,17
Disputes, industrial
12
Distilled spirits
..
23, 26
Dividend payments and rates .
*L*^
Drug store sales
7,8
Dwelling units started
._
5
Earnings ,weekly and hourly.
.
14
Eggs and chicken*
1,3,4,28
Electrical equipment
.
. . 2,3,7,34
Electric power production, sales, revenues..
25
Employment estimates
......
. 9,10
Employment indexes:
Factory, by industries
.
10,11
Nonmanufacturing industries
...
11
Employment security operations
12
Emigration and immigration ...
22
Engineering construction
.
5
Exchange rates, foreign
„
..
16
Expenditures, United States Government
17
Explosives
.
23
Exports (see also individual commodities)
20, 21
Factory, employment, pay rolls, hours, wages.
9,
10,11,12,13,14
Failures, industrial and commercial
.
3
Fairchild's retail price index
4
Farm marketings and income
..
1
Farm wages
14
Farm products, farm, and wholesale prices
3,4
Fats
oils
4,24,25
Digitized
forand
FRASER
Pages marked S
Federal Government,
finance
17,18
Federal Rererve banks, condition of
15
Federal Reserve reporting member banks
15
Fertilizers
4,23
Fire losses
6
Fish oils and
fish
24, 28
Flaxseed
24
Flooring
.
30
Flour, wheat
27
Food products
2,
3,4, 7,10,11,12,13,14,17, 26, 27, 28, 29
Footwear
2,4,7,8,10,12,13,14,30
Foreclosures, real estate
.
6
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes and
commodity groups
— „ . . . . — . 20,21
Foundry equipment....
—•—«*— _.
33
Freight cars (equipment)
......
40
Freight carloadings, cars, indexes..
..
22
Freight-car surplus and shortage
22
Fruits and vegetables.
2,3,4,26
Fuel equipment and heating apparatus.....
33
Fuels
2,4,35,36,37
Furnaces
33,34
Furniture
1,4,10,11,12,13,31
Gas, customers, sales, revenues
25
Gas and fuel oils
.
36
Gasoline....
...
«.„
36
Glass and glassware (see also Stone, clay, etc.).
38
Gelatin
23
Gloves and mittens
.
30
Glycerin
...
23
Gold
16
Goods in warehouses.... .
...
7
Grains
3,27
Gypsum
38
33
Heating and ventilating equipment...
4,29
Hides and skins
5,11
Highways fc
27,28
Hogs
6
Home-loan banks, loans outstanding.
6
Home mortgages
4,38
Hosiery
.
Hotels.*
11 ,13,22
11,12
Hours of work per week
Housefurnishings
4, 6,7,8
4,5
Housing
.
22
Immigration and emigration
20,21
Imports„
Income payments
17
Income-tax r e c e i p t s . . . . . . . .
_„
3
Incorporations, business, n e w . . . .
„ ...
Industrial production indexes
. . . . . . 1,2
Instalment loans
15,16
Instalment sales, department stores..
. 8,9
Insurance, life
..
.
16
Interest and money rates
.
15
Inventories, manufacturers' and trade
3,8
Iron and steel, crude and manufactures
1,
2,4,9,10,11,12,13,17, 31,32
Kerosene..... .
.....
...
...
..
37
9
Labor force ,
.
,
.
12
Labor disputes, turn-over
28
Lamb and mutton
28
Lard
32
Lead.
Leather and products
2, 4,10,11,12,13, 29, 30
Linseed oil, cake, and meal
24
Livestock
„
1,3,27,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
„
6,15,18
Locomotives
,
40
Looms, woolen, activity
39
Lubricants
37
Lumber..
1,2,4,10,11,12,13,30,31
Machine activity, cotton, wool
,_
39
Machine tools
9,10,11,12,13,33
Machinery
1,2,9,10,11,12,13,17,34
Magazine advertising
«.
7
Mail order houses, sales
8,9
Manufacturers' orders, shipments, inventories.
2,3
Manufacturing production indexes
1,2
Meats and meatpacking.. 1,2,3,4,10,12,13,14,28
Metals
1,4,10,11,12,13,17,32,33
Methanol
„
23
Milk
_
26
Minerals
._
2,10,11,12,14
Money supply
....
17
Mortgage loans
6,15
Motor fuel
36
Motor vehicles
_- 7,40
Motors, electrical
34
Newspaper advertising
6,7
Newsprint
35
New York Stock Exchange.
19
Oats
27
Oil burners
33
Oils and fats
4,24,25
Oleomargarine
25
Operating businesses and business turn-over—
3
Orders, new, manufacturers'
..__.-—
2
Paint and paint materials
. 4,25
Paper and pulp
2,3,4,10,11,13,14,35
Paper products
....
35
Passports issued
22
Pay rolls, manufacturing and nonmanufacturing industries
- 12,13
Petroleum and products
2,
3,4,10,12,13,14,17,36,37
Pages marked S
32
Pig i r o n . . . . . . . . . . . . . . . . . . . . . . .
Plant and equipment expenditures.
31
Plywood*..... . . . . . . . . ...
."IIIII2I
32
Porcelain enameled products....
28
Pork....
Postal business.....
. . . ...
7
Postal savings.
IIIIIIIII 15
Poultry and~eggs_.
. 1,3,28
Prices (see also individual commodities):
Received and paid by farmers
3
Retail price indexes
4
Wholesale price indexes
4
Printing
2,10,11,13,14,35
Profits, c o r p o r a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
Public assistance
.... ... ....
14
Public utilities . . . 4,5,11,12,13,14,17,18,19,20
Pullman Company
.
.
—-...—.
22
Pulpwood....
..
34
Pumps...... . . . . .
...........
34
Purchasing power of the dollar...
.......
5
Pyroxylin coated fabrics....
......
39
Radio a d v e r t i s i n g . . . . . . . . . . . . . . . . . . . . . . . . . .
6*
Railways, operations, equipment,financialsta«
tistics, employment, wages
......
11.
12,13,14,17,18.19,20,22,40
Railways, street (see Street railways, etc.).
Rayon, and rayon manufactures. 2,4,10,12,13,14,39
Receipts, United States Government
.....
17
Reconstruction Finance Corporation, loans...
18
Rents (housing), index
•
4
Retail trade, all retail stores, chain stores,
department stores, mail order, rural sales,
general merchandise
.
. . . . . . . . . 7.8,9
Rice
27
Roofing, asphalt
..
37
Rosin and turpentine
......
24
Rubber, natural, synthetic and reclaimed,
tires, and tubes
...
..
Zt
Rubber industry, production index, employ*
ment, pay rolls, hours, earnings..
.
2,
3,4,10,12,13,14
Savings d e p o s i t s . . . . . . .
.
. ... ..
15
Sewer pipe, c l a y . . . . . . . . . . . . . . . • . . . . — • •
37
Sewing machines
—
34
Sheep and Iambs
27,28
Shipbuilding
2,10,11,12,13,14
Shipments, manufacturers'..
2
Shoes.
1,4,7,8,10,12,13,14,30
Shortenings......
.
.
.
..
25
Silver
17
Skins
«8,29
Slaughtering and meat packing. 2,10,12,13,14,27, 28
Soybeans, and soybean oil
..
. . 24, 25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel).
„
.
.......
32
Steel, scrap...
.
. . . . . . 31,32
Stocks, department stores (see also Manufac*
turers" inventories) .
. .
.
9
Stocks, issues, prices, sales, yields..
. . . 19,20
Stokers, mechanical
.............
34
Stone, clay, and glass products
1,
2,10,11,12,13,14,37,38
Stoves
33
Street railways and busses—
,
11,12,14
Sugar
.
. . 28, 29
Sulphur
«...
. .
...
23
Sulfuric acid
.
.„
23
Superphosphate
...—.
23
Tea
29
Telephone, telegraph, cable, and radio-telegraph carriers
„ . . 11,12,14,17,22
Textiles
2,3,4,10,11,12,13,14,38,39
Tile*
38
Tin
33
Tires and inner tubes
...
37
Tobacco
2,10,11,13,14,29
Tools, machine
_
10,11,12,13,14,34
Trade, retail and wholesale
7,8,9,11,13,14
Transit lines, local
21
Transportation, commodity and passenger
21, 22
Transportation equipment
.—
1,
2,3,9,10,11,12,13,14,17,40
Travel
21, 22
Truck trailers
40
Trucks and tractors
40
Turpentine and rosin...
.
.
.....*.
24
Unemployment--.
9
United States Government bonds
17,18,19
United States Government,
finance
17,18
Utilities
4,5,9,12,13,14,17,18,19,20
Variety stores
7,8
Vegetable oils
24,25
Vegetables and fruits •
. . . 2,3,4,26
Vessels cleared in foreign trade
......
22
Veterans' unemployment allowances.........
12
Wages, factory and miscellaneous......
13,14
War program, production and expenditures... 2,17
War Savings Bonds
.
17
Warehouses, space occupied..
...
7
Water heaters
33
Water transportation, employment, pay rolls.. 11,13
Wheat and wheat
flour
.
27
Wholesale price i n d e x e s . . . . . . . . . .
.......
4
Wholesale trade.
9
Wood pulp..
- . 4,34
Wool and wool manufactures.. 2,4,10,12,13,14,39
Zinc-
33
Department of Commerce
Field Service
February 1, 1947
Albany 7, N. Y., 409 County Courthouse.
Albuquerque, N. Mex., 203 W. Gold Ave.
Atlanta, Ga., 50 WhitehaU St.
Baltimore 2, Md., 103 S. Gay St.
Birmingham, Ala., 2304 Fourth Ave., N.
Boise, Idaho, 210 Baird Bldg.
Boston 9, Mass., 1800 Customhouse.
Buffalo 3, N. Y., 242 Federal Bldg.
Burlington, Vt., Rutland Railroad Station.
Butte, Mont., 301A O'Rourke Estate Bldg.
Charleston 3, S. C , 310 Peoples Bldg.
Charleston 1, W. Va., 612 Atlas Bldg.
Charlotte 2, N. C , 11214 E. Fourth St.
Chattanooga 2, Tenn., 505 Post Office Bldg.
Cheyenne, Wyo., Federal Recreation Bldg.
Chicago 4, 111., 332 S. Michigan Blvd.
Cincinnati 2, Ohio, 1204 Chamber of Commerce
Bldg.
Cleveland 14, Ohio, 1286 Union Commerce Bldg.
Columbus 1, Ohio, 1037 N. High St.
Dallas 2, Tex., 602 Santa Fe Bldg.
Denver 2, Colo., 203 Boston Bldg.
Des Moines 9, Iowa, 518 Grand Ave.
Detroit 26, Mich., 1028 New Federal Bldg.
Duluth 5, Minn., 310 Christie Bldg.
El Paso 7, Tex., 12 Chamber of Commerce Bldg.
Erie, Pa., 312 Security Peoples Trust Co.
Evansville, Ind., 307 Grein Bldg.
Fargo, N. Dak., 210 Walker Bldg.
Fremont, Nebr., Pathfinder Hotel.
Grand Rapids 2, Mich., 736 Keeler Bldg.
Hartford 6, Conn., 436 Capitol Ave.
Houston 14, Tex., 603 Federal Office Bldg.
Indianapolis 4, Ind., Chamber of Commerce
Bldg.
Jackson 5, Miss., 1130 W. Capitol St.
Jacksonville 1, Fla., 425 Federal Bldg.
Kansas City 6, Mo., 911 Walnut St.
Little Rock 5, Ark., 312 Pyramid Bldg.
Los Angeles 12, Calif., 1546 U. S. Post Office
and Courthouse.
Louisville 1, Ky., 631 Federal Bldg.
Manchester, N. H., 814 Elm St.
Memphis 3, Tenn., 229 Federal Bldg.
Miami 32, Fla., 947 Seybold Bldg.
Milwaukee, Wis., 332 W. Wisconsin Ave.
Minneapolis 1, Minn., 1234 Metropolitan Life
Bldg.
Mobile 5, Ala., City Hall Annex.
Nashville, Tenn., Federal Courthouse.
New Haven 10, Conn., 152 Temple St.
New Orleans 12, La., 333 St. Charles Ave.
New York 1, N. Y., Empire State Bldg., 60th
Floor.
Norfolk 10, Va., 712 Wainwright Bldg.
Oklahoma City 2, Okla., 901-905 Petroleum
Bldg.
Omaha 2, Nebr., 918 City National Bank Bldg.
Peoria, 111., 531 First National Bank Bldg.
Philadelphia 3, Pa., 1612 Market St.
Phoenix 8, Ariz., 234 N. Central Ave.
Pittsburgh 19, Pa., 1013 New Federal Bldg.
Portland 3, Maine, 76 Pearl St.
Portland 4, Oreg., 520 SW., Morrison St.
Providence 3, R. I., 24 Weybossett St.
Reno, Nev., 50 Sierra St.
Richmond 19, Va., 801E. Broad St.
Rochester, N. Y., 16 State St.
St. Louis 1, Mo., 107 New Federal Bldg.
Salt Lake City 1, Utah, 321 Atlas Bldg.
San Antonio 5, Tex., 101 Transit Tower Bldg.
San Diego 1, Calif., 906 Columbia St.
San Francisco 11, Calif., 307 Customhouse.
Savannah, Ga., U. S. Courthouse and Post Office
Bldg.
Scranton, Pa., Wyoming Ave. and Spruce St.
Seattle 4, Wash., 809 Federal Office Bldg.
Sioux Falls 6, S. Dak., 301 Policyholders National Bldg.
Spokane 8, Wash., 1023 W. Riverside Ave.
Syracuse 2, N. Y., 224 Harrison St.
Texarkana 5, Tex., 817 Texarkana National
Bank Bldg.
Toledo 4, Ohio, 445 Huron St.
Wichita 2, Kans., 205 K. F. H. Bldg.
Worcester 8, Mass., 340 Main St.
@FedFRASER