Full text of Survey of Current Business : March 1951
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MARCH 1951
U. S. DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY
OF CURRENT
BUSINESS
No. 3
MARCH 1951
tenfo
PAGE
THE BUSINESS SITUATION
Production and Employment Trends
*
*
1
3
*
SPECIAL ARTICLES
Balance of International Payments—Fourth Quarter of
1950
6
Foreign Aid by the U. S. Government in Calendar
Year 1950
12
DEPARTMENT OF C O M M E R C E
FIELD SERVICE
Albuquerque, N. Mez.
203 W. Gold Are.
Memphis 3, Tenn.
229 Federal Bid*.
Atlanta 3, Ga.
50 Whitehall St. SW.
Miami 32, Fla.
36 NE. First St.
Baltimore 2, Md.
103 S. Gay St.
Milwaukee 1, Wis.
517 E. Wisconson Avc,
Boston 9. Maes.
2 India St.
Minneapolis 1, Minn,
2d Are. S. at 4th St.
Buffalo 3, N. Y.
117 Ellicott Si*
Mobile, Ala.
109-13 St. Joseph St.
Butte, Mont.
14 W. Granite St.
New Orleans 12, La.
333 St. Charles Ave.
Charleston 3, S. C.
18 Broad St.
New York 4, N. Y.
42 Broadway
Cheyenne, Wyo.
206 Federal Office Bid*
Oklahoma City 2, Okla,
102 NW. Third St.
Chicago 4, III.
332 S. Michigan Ar«.
Omaha 2, Nebr.
1319 Farnam St.
Cincinnati 2, Ohio
105 W. Fourth St*
Philadelphia 6, Pa.
1015 Chestnut St.
Clereland 14, Ohio
925 Euclid Are.
Dallas 2, Tex.
1114 Commerce St.
Denver 2, Colo.
142 New Custom House
Detroit 26, Mich.
230 W. Fort St.
*
*
*
MONTHLY BUSINESS STATISTICS . . . . S-l to S-40
New or Revised Statistical Series
20
Statistical Index
Inside Back Cover
Published by the U. S. Department of Commerce, C H A R L E S S A W Y E R ,
Secretary. Office of Business Economics, M. JOSEPH ME EH AN,
Director. Subscription price, including weekly statistical supplement, $3 a
year; Foreign, $4. Single copy, 25 cents. Send remittances to any Department of Commerce Field Office or to the Superintendent of Documents,
United States Government Printing Office, Washington 25, D. C. Special
subscription arrangements, including changes of address, should be made
directly with the Superintendent of Documents. Make checks payable to
Treasurer of the United States.
Phoenix 8, Ariz.
234 N. Central AT*
Pittsburgh 19, Pa.
700 Grant St.
Portland 4, Oreg.
520 SW. Morrison St.
Providence 3, R. I.
24 Weybossett St.
El Paso 7, Tex.
206 U. S. Court House
Bldg.
Reno, Nov.
118 W. Second St,
Hartford 1, Conn.
135 High St.
Richmond 19, Va.
801 E. Broad Sfi»
Houston 14, Tex.
602 Federal Office Bldg.
St. Louis 1, Mo.
1114 Market St,
Jacksonville 1, Fla.
311 W. Monroe St.
Salt Lake City 1, Utah
350 S. Main St,
Kansas City 6, Mo.
911 Walnut St.
San Francisco 11, Calif.
555 Battery St.
Los Angeles 12, Calif.
312 North Spring St.
Savannah, Ga.
125-29 Bull St.
Louisville 2, Ky.
631 Federal Bldg.
Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
Contents are not copyrighted and may be freely reprinted.
devoted to U. S. Government
MARCH 1951
THE
The residential building boom tapered
off in late 1950, but activity and
housing starts remain high
THOUSANDS OF UNITS
200
BILLIONS OF DOLLARS
2.0
SITUATION
HOUSING STARTS
(RIGHT SCALE)
150
1.5
100
1.0
RESIDENTIAL
SEASONALLY ADJUSTED
(LEFT SCALE)
50
meanwhile nonresidential construction
expanded moderately
BILLIONS OF DOLLARS
2.0
BILLIONS OF DOLLARS
2.0
1.5
1.5
1.0
1.0
SEASONALLY ADJUSTED
.5
and building materials prices continue
to advance.
INDEX, 1926 = 100
250
INDEX, 1926 = 100
250
200
150
150
100 I I M I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I JOG
1950
1951
SOURCES OF DATA: NATIONAL PRODUCTION AUTHORITY AND U. S. DEPARTMENT
OF LABOR, BUREAU OF LABOR STATISTICS.
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.
931674°—51
E:EXPANDING demand has continued to characterize the
economy during the early part of 1951. The pervasive increase in private investment and consumption, coincident
with the enlarging Government requirements for defense
expansion, has resulted in a further broad extension of the
price rise which necessitated the imposition of industrywide Government price and wage controls to halt the upward
spiral. Regulations and standards are now being worked
out to replace the price-wage "freeze" order of January 26,
and methods of arresting the rapid upward rise in bank credit
are being examined in order to control this source of inflationary pressure.
The volume of total output of the economy has continued
to expand, and marked advances in prices have raised its
dollar valuation. The prospective growth of defense spending
has remained a major factor in the economic pattern, and
an increasing share of the expansion of national output thus
far this year has actually been channeled into Government
use. Nevertheless aggregate private demand has absorbed
over half of the increment in gross national product.
Consumer spending, which had slackened somewhat for
a time after the midsummer buying spurt, picked up strongly
again in the opening months of 1951. The rate of inventory
accumulation has remained high, and business expenditures
for new plant and equipment have continued to expand.
Dollar expenditures on residential construction, as shown by
the chain line in the top panel of the adjacent chart, have
moved upward in the first 2 months of this year, and new
housing starts were high for the midwinter period. The solid
line on the chart plotting "starts" is not seasonally adjusted.
Government Programs Expanding
200
1949
By the Office of Business Economics
51-57
The direct impact of the current military program upon
the economy increased sharply in January and February.
Federal Government purchases of goods and services for defense purposes in these 2 months reached an annual rate of
about $24 billion—double that prevailing in the first half of
last year. Moreover, the volume of military orders continued to mount at a rate greatly in excess of current spending, thus pointing to the prospect of further rapid increases
in military output.
With the defense program still in an early stage of the
planned expansion, and with certain nondefense outlays—
notably those for farm price support—sharply reduced, the
fiscal position of the Federal Government remained temporarily favorable. Major revenues other than withholding
taxes were just beginning, in January and February, to show
the effects of the tax rate changes of 1950 and of the rising
trend of incomes over the past year which has resulted from
the basic expansion of output and employment and sharply
advancing prices. Accordingly, the Treasury reported a
substantial cash surplus for those 2 months, as well as for
the fiscal year to date. A marked growth of this surplus
SUKVEY OF CUBEENT BUSINESS
will accompany the seasonal peak of income-tax collections
in March, but it will subside thereafter as accelerating military expenditures catch up with—and, under existing tax
legislation, ultimately surpass—the expansion of revenues.
The Budget message in January requested a large increase
in taxation to meet mounting expenditures as an important
part of the program to stem the inflationary forces.
Income and purchasing continue upivard
March 1951
1950. As in the latter part of that period, the most recent
increase in business borrowing has been associated with
sizable accumulations of business inventories.
With direct controls in effect on consumer installment
credit, and with mortgage credit restrictions extended from
the residential to the commercial field earlier this year, bank
lending to business constitutes at present one of the principal
areas of potential credit expansion not subject to direct
control.
The upward trend in income has continued, though the large
Credit control
year-end corporate dividend payments in December were not
repeated in January and, as a consequence, total income payOne of the principal means of restricting overall bank
ments declined from an annual rate of $241 billion in Decemcredit expansion has been through raising the volume of legal
ber to $239 billion in January. Exclusive of dividend payreserves which banks must maintain against their deposit
ments, income as a whole rose $4 billion at annual rates.
liabilities. Eeserve requirements were increased about $2
Increases in wages and salaries reflected primarily higher pay
billion in the opening weeks of this year, and are now close
rolls in trade and in Government. Both farm and nonfarm
to the legal maximum. A further increase, amounting to
proprietors received higher incomes than in December.
about
$500 million, can be required at banks in New York
To date only a part—much less than half—of the rise in
and Chicago. The effectiveness of raising reserve requirepersonal income payments has been absorbed by taxes. The
ments has been limited in recent years, however, in view of
latest data available, for the fourth quarter of 1950, show a
the large commercial bank holdings of U. S. Government
rise of $10 billion in personal income at an annual rate from
securities.
Sale of these securities to the Federal Eeserve
the third quarter compared with a rise of $7 billion in dishas replenished bank reserves and served as the basis for
posable income. Although the change for the current quarfurther credit expansion.
ter may not show quite so favorable a relationship, a further
The President in February called on fiscal and monetary
substantial rise in the disposable income available for conauthorities
to devise means of obtaining the desired goal of
sumers' use has occurred so far this year. The drop in diviadequate bank credit control without impairing the prospect
dends from the unusual year-end peak does not reflect a
of successful Government debt financing. Possible courses
similar change in corporate profits since these have continued
of action were stated to include voluntary credit restrictions
to rise.
by
banks, increases in reserve requirements, and direct curbs
The extent to which consumer buying has again spurted is
on credit in areas not yet subject to such controls.
evident from the 22 percent increase in retail sales in January
As a step in the direction of restricting the tendency of
over a year ago. While this rate of increase was not duplinonbank holders of United States securities to sell to the
cated in February, nevertheless department store sales in
banking system, the Treasury announced on March 4 that a
that month, for example, ran 16 percent higher as compared
new issue of nonmarketable long-term bonds yielding 2%
with the previous month's 28 percent.
percent
would be offered later in March in exchange to
Although there are no comprehensive monthly estimates
present holders of marketable 2K percent long-term bonds.
on business investment in capital goods, the selected series
available indicate a further substantial rise in the current
quarter. Chart 2 pictures the impact of both private and
Price and wage freeze
Government plant expansion on the key machine tool industry. The chart shows two periods of pyramiding inIn order to restrain the mounting inflation, a general
creases in orders—last summer and in recent months. While
"freeze'' on prices and wages was imposed effective January
this is a special case, new orders for investment-type goods
25, and this was followed by more flexible types of control in
throughout industry have continued to run well ahead of
the latter part of February.
production, with a resultant increase in the backlog of unPrincipal features of the modification made in the wagefilled orders. The book value of wholesalers', manufacfreeze order were: (1) Wage rate increases are permitted up
turers', and retailers' inventories rose $1.8 billion in January,
to 10 percent from January 1950 for those workers who have
on a seasonally adjusted basis. The rise in total business
not received such an advance; (2) in addition, adjustments
inventories was comparable to the high rates of accumulaare allowed under cost-of-living escalator clauses in labortion of recent months. Business borrowing from banks
management contracts; (3) "fringe" benefits are also pershowed a further contraseasonal rise, reaching a point at
mitted in addition to the 10-percent adjustment formula,
the end of February about 35 percent higher than a year
if they were in the contract before the freeze date. Further
earlier.
details of the permitted adjustments are now being worked out.
Between January 1950 and January 1951, consumers'
prices rose 8 percent, on the basis of revised estimates of the
Rise in business loans
Bureau of Labor Statistics. This is slightly larger than the
On the whole, an adequate supply of funds has been readily
estimated rise in average basic wage rates in manufacturing
industries and appreciably higher than increases for nonmanuavailable for financing the higher volume of investment and
facturing employees. Straight-time average earnings of
consumption. Although installment buying by consumers
production workers in manufacturing rose about 7 percent
tapered off sharply after the buying wave of last summer
between January 1950 and January 1951. With some
and the imposition of credit controls in September and
lengthening of hours of work, average weekly earnings in
October, borrowing by business to finance working capital
manufacturing increased more than 12 percent during the
and other requirements has continued to rise at a fast pace.
Business loans by banks in leading cities increased $900
same period. Added employment brought the total payroll increase for manufacturing to about 30 percent in the
million during the first 2 months of this year. Allowing
12-month period.
for the fact that there is usually a net repayment of such loans
For all industries, total wages and salaries are currently
at this time of year, the rise since December has been as
$23 billion higher than a year earlier at annual rates—a 17rapid as the record-breaking expansion of the last half of
SURVEY OF CURRENT BUSINESS
March 1951
percent increase. The income of farmers and other unincorporated businessmen is up by $5.7 billion (at annual rates)
or 16 percent more than a year ago. The great pinch in
terms of purchasing power is on those whose pay has not
risen, despite the general expansion, and the fixed income
recipients, including those who are pensioned.
Price rise general
Prices continued to rise during the first 2 months of 1950,
although the momentum of the advance was considerably
diminished following the general "freeze" of prices and wages.
The increase in wholesale prices from June 1950 until the
freeze date had mounted to 14 percent, with all major price
areas contributing to the advance. Following the January
26 action, wholesale prices advanced an additional 1.6 percent by the end of February, partly by reason of higher farm
and food prices, many of which remained uncontrolled.
Prices received by farmers rose 4 percent from January to
February, making an advance of 13 percent in 3 months, and
32 percent in the past year. They moved above the previous high recorded in January 1948 so that now all major
categories are above the 1948 levels. Prices of industrial
goods have also continued to edge upward, in part reflecting
adjustments of average quotations to the highest price
charged during the December 19, 1950-January 25, 1951
base period permitted under the General Ceiling Price
Regulation.
The trend in living costs also continued upward in early
1951 from the peak established at the end of last year. Consumer prices in January rose 1.5 percent from December 1950,
with further substantial increases in the food component in
late January and early February.
In late February the stabilization authorities issued a
margin type of price control for most kinds of nonfood
retail goods to replace "freeze" prices. The areas covered
include men's and women's apparel, household textiles, and
most furniture and floor coverings. These items represent
an estimated 75 percent of the volume carried in department
stores. Using control techniques similar to those developed
in the late stages of price stabilization of 1945, retail ceiling
prices for the covered items are based upon mark-ups on
cost of goods sold existing on February 24. Special adjustments are provided for retailers who on the base date had
priced goods on replacement costs rather than the actual
cost incurred as intended by the regulation. Retailers who
were offering "sale" prices on the base date are permitted
a mark-up based on original offering price.
The intent of the regulation is to substitute for "freeze"
prices a formula whereby commodities which are not standardized in nature—such as items subject to style changes—may be controlled by application of a normal mark-up.
Production and Employment Trends
JL RODUCTION has moved ahead as new facilities have
been added and more intensive utilization has been made of
existing capacity. The expansion has been greatest in the
durable-goods industries and, in particular, the metalworking industries. The large and continuous increase in
activity in this segment of manufacturing—a reflection of the
heavy demand for all types of finished consumer's and producers' goods—accounted for a significant part of the total
gain in industrial production and employment.
Production gains in metalworking industries
For 1950 as a whole, civilian output accounted for all but a
small fraction of total industrial production, although at the
year-end arms output was taking one-tenth of the total volume. For the metalworking industries—which produce the
bulk of military materiel—the percentage at the year-end
was considerably higher and the rate has increased further
this year as work on defense orders has accelerated.
Direct measures of the physical volume of goods produced
in the metalworking industries are not available, but the
quickened pace of activity is revealed in the value data on
manufacturers' shipments and orders. The increases in
sales and orders are influenced by the price rise, but this
factor does not affect the conclusion to be drawn from the
rise in the ratio of unfilled orders to sales shown in the last
column of the following table:
Shipments,
monthly
Period
First quarter
Second quarter
Third quarter .
Fourth quarter
1950
New
orders,
average
Unfilled
orders,
end of
quarter
Ratio of
unfilled
orders
to sales
Billions
Billions Billions
of dollars of dollars of dollars
18 4
17 2
15 9
20.7
16 8
19 8
__
24.4
21.5
29,0
27.2
23 7
28 0
2 8
2 5
3.4
35
1950
January, at quarterly rates
1
Represents unfilled orders at end of January.
24 6
2
32 4
•
1
30 5
Based on January data.
3
37
The upsurge in orders between June and January is particularly striking. Moreover, the totals are understated,
since new orders for the automobile industry are carried as
equal to sales, whereas in fact many of the companies in this
industry have large backlogs of defense orders. Within the
group, the largest gain was shown for the aircraft industry,
reflecting the great procurement program that is under way.
But large increases were the rule elswehere as well, especially
in the iron and steel and machinery groups, and, as indicated
above, in the automobile industry to which the Government
looks as a source of a very great quantity of essential military
material. The unfilled order backlog, it will be noted,
nearly doubled between June and January and currently
represent almost 4 months' shipments. The January ratios
for metalworking industries varied widely, ranging up to
more than a year for non-automotive transportation equipment.
Machine-tool orders spurt
The impact of a tooling-up period is reflected in certain
key segments of the metalworking industries—notably the
machine-tool industry. Activity in this industry remained
much below the war peak throughout the postwar period,
despite the general expansion in industrial facilities. Since
June, as already pointed out earlier in this review, new orders
for machine tools have mounted rapidly.
In the 7 months since June 1950, the aggregate value of
orders received by machine tool builders was more than 3
times as large as the total received in the first half of 1950.
In January 1951, orders placed were the highest since mid1942 when many of the metal-fabricating plants were rapidly
tooling up for war production.
It should be pointed out, however, that some of the dollar
rise in incoming business by these industries is attributable
to the advance in prices since June. Nevertheless, the increase in the physical volume of new orders placed was
substantial.
SURVEY OF CURRENT BUSINESS
Although rising steadily, shipments did not maintain the
pace of incoming business so that backlogs are now at the
highest point since the war period. The decline in shipments in January appeared to be due to temporary and
seasonal factors.
Chart 2.—Machine Tools: New Orders and Shipments
INDEX, 1945-47 = 100
600
500
400
NEW ORDERS
300
March 1951
the 47 million tons of steel ingots and castings produced in
the first half of 1950.
Despite this higher production, the total demand for steel
has been such that the National Production Authority has
announced a limitation on the amount of steel for use in
civilian consumer durable products. The amount of steel is
restricted in the second quarter of this year to a rate equivalent to 80 percent of the steel consumed in the first half of
1950. The most important steel consumer in the consumer
durable goods group is the automobile industry. Direct
shipments to this industry in the first half of 1950 were 7.1
million tons of steel products, of which the bulk went to
passenger car manufacturers. In addition, the industry
obtained some steel indirectly from warehouses and through
conversion arrangements.
The annual rate of consumption in the first half of 1950
amounted to 69 million tons. The distribution of these
products, compared with the first half of 1944—the peak
war production year of World War II-—is as follows:
Domestic Steel Producers' Shipments of Finished Steel Products
to Consuming Industries, First 6 Months of 1944 and 1950
200
Steel products, first
6 months,
1944
Consuming industries
100
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Source of data: National Machine Tool Builders' Association.
The recently announced NPA "pool order" plan is primarily designed to increase the output of machine tools
required for the various defense programs. Under the plan,
the Government places firm orders with manufacturers for
certain types and sizes of machine tools which when built are
to be distributed where they will be of most benefit in the
defense program. This system of "pooling orders" enables
machine tool builders to arrange orderly advance scheduling
of production on defense orders and to obtain the required
raw materials as needed.
A similar pattern., though less pronounced than for machine
tools, was experienced by the foundry industries which produce iron and steel and nonferrous metals castings widely
used in the machinery, automobile, construction, and
railroad
equipment industries. In general, manufacturers7 backlogs
of castings more than doubled between June and December
1950, and while shipments also expanded the advance was
at a much slower rate. However, in December 1950 total
shipments of castings were, except for one or two months, the
highest in the postwar period.
Steel output at annual rate of 104 million tons
Much of the impact of military demand, and of the private
demand for investment goods and consumer durable goods
falls upon the steel industry. Here the large investment in
facilities to expand production is yielding dividends to the
economy in the form of a sharply expanded rate of flow of
this prime material. At the end of February steel mills were
turning out ingots at the rate of 2 million tons per week.
Steel production in the first quarter of 1951 is estimated at
26 million tons, or an annual rate of 104 million tons, reflecting a capacity rate of operations. Barring labor disputes
affecting the industry and given adequate iron ore supplies,
steel output should exceed the first quarter rate in the
remaining quarters of the year. The rate of production
expected during the first half of this year is 10 percent above
Shipbuilding
Construction
Railroads _ .
.
Agriculture
Automotive-Aircraft
Containers
Machinery _ _ _ _ _
All other
Exports _
_
Million tons
5.9
. _
_ _
Total
Percent
distribution
2.1
2.9
.5
1.1
1.9
1.2
12. 5
2.6
19.3
6.8
9.4
1.6
3.6
6.2
3.9
40.7
8.5
30.7
100.0
Steel products, first
6 months,
1950
Million tons
0.2
4.0
2.0
.2
7.1
2.8
2.5
14. 5
1.3
34.6
Percent
distribu- tion
0.6
11.5
5.8
.6
20.5
8.1
7.2
41.9
3.8
100 0
Source: American Iron and Steel Institute.
The key to the extent of the size of the cuts for civilian
use is how rapidly steel capacity can be increased, and the
volume of the military takings, plus the increased steel
demands of such defense-supporting programs as railroad
cars, oil and gas pipelines, petroleum, electric power, and
for the construction of new facilities for the production of
steel, aluminum, and certain other basic materials. The
process of expanding these basic facilities also withdraws
steel for other uses —in the case of steel, for example, each
10 million tons of steel capacity built requires 2-2.5 million
tons of steel products.
The iron and steel industry in the next 2 years will undertake the most rapid capacity expansion program in its
history. As of January 1, 1951, the ingot capacity of the
industry was 104.2 million tons, representing additions of
4.9 million tons during 1950. This was the largest year-toyear expansion since 1916, when a 5-million-ton increase
was achieved. The Government has already approved
accelerated amortization for about 16 million tons of steel
ingot capacity, and total capacity is expected to be raised to
about 118 million tons by the end of 1952.
Consumer durables output maintained at high rate
The consumer durable goods industries, which include
automobiles as well as household appliances, radios and
television receivers, have been operating at a high rate and
using large quantities of such strategic materials as steel
and many nonferrous metals. Conversion of these plants
to military production has so far been only on a small scale,
though increasing quantities of the commercial vehicles produced are going to the Government. Considerable work on
military contracts has also been undertaken by the industry
in reactivated Government-owned war-built plants.
SUEVEY OF CUERENT BUSINESS
March 1951
The value of defense orders placed with the automobile
industry as a group aggregated well over $3 billion at the
end of January, the largest total next to the aircraft industry,
and additional sizable contracts have been placed since
that date.
Despite the production difficulties being encountered by
manufacturers of most consumer durable goods, output in
January, as shown in table 1, was maintained at a relatively
high rate. In general, output of these products was considerably higher than in January a year ago, although, with the
exception of trucks and tractors, it was well below the
monthly average volume in the top postwar quarter. For
some of the commodities included in the table—passenger
cars, refrigerators, radios and television receivers—the production total shown as the peak generally represented the
seasonal high for the year.
Assemblies of passenger cars dipped below January a year
ago, when both months were influenced by model changeovers. However, output of passenger cars in February
increased over 10 percent from January on a daily average
basis, despite the loss of production occasioned by the temporary railroad tie-up in February.
Truck production in both January and February of this
year exceeded the monthly average of the peak quarter due
in part to the increased volume of shipments for military
Table 1.—Production of Selected Finished Durable Goods, Daily
Average, Number of Units
January
1950
Product
Passenger cars
Trucks a n d busses. . . . _ _ _ _
.
Refrigerators (household, electric) l
Washing machines
(household,
electric
and
gas)
_._
Ranges, electric 1
Vacuum cleaners, _
___ _ _ _ _. _ ___ __
Television receivers
Radios _ .
Freight cars, railway
Tractors, wheel type _
... __
„
23, 230
4,452
17, 898
13, 124
4,663
11, 864
20, 890
44, 519
114
2,111
Monthly average
in peak quarter
Date
Units
III— 1950
II— 1950
II— 1950
IV— 1950
II— 1950
IV— 1947
IV— 1950
IV— 1947
1—1949
1—1949
30, 076
5,657
25, 648
19, 000
6,836
16, 939
38,
662
2
88, 638
514
2,352
January
1951
21, 754
5,832
22, 209
14, 595
6,000
12, 818
29, 068
64,727
270
2,618
PERCENT CHANGE
+ 10
+ 20
+30
INDUSTRY
AIRCRAFT AND PARTS
METALWORKING
MACHINERY
NONFERROUS
FOUNDRIES
ORDNANCE AND
ACCESSORIES
IRON AND STEEL
FOUNDRIES
PROFESSIONAL AND
SCIENTIFIC INSTRUMENTS
GENERAL INDUSTRIAL
MACHINERY
ELECTRICAL MACHINERY
Represents shipments reported only by members of the Association.
Reported total adjusted by Department of Commerce to represent 100 percent of industry.
Sources of data: Motor vehicles, Automobile Manufacturers Association; refrigerators and
ranges, National Electrical Manufacturers Association; washing machines, American Washer
and Ironer Manufacturers Association; vacuum cleaners, Vacuum Cleaners Manufacturers
Association; television and radios, Radio Manufacturers Association; freight cars, American
Railway Car Institute; tractors, Implement and Tractor.
account. Assemblies of cars and trucks in the last 2 weeks
of February averaged 180,000 cars, or only 8 percent less
than the record number turned out in the last week of June
1950.
Deliveries of railroad freight cars were up to 5,900
units in January, moving toward the much higher goal being
sought to insure adequate rolling stock for the carriers.
INCREASE
WIDESPREAD
Employment continues to rise, influenced in all segments
by the upward trend of business activity. Between June
and January, 1 million workers were added to manufacturing
payrolls on a seasonally adjusted basis; about 700 thousand
of these were employed by the durable-goods industries
where the greatest production gains were also noted. From
January to June of last year, factory employment increased
about three-fourths of a million, with virtually all of the rise in
tdurable industries. The number of employees in manufacturing reached a postwar high of over 15.7 million in January
1951, about 300 thousand more than the earlier postwar high
of 1948, and 1.7 million higher than in January 1950.
Among the major manufacturing groups the largest relative
increase since May occurred in the metalworking industries,
particularly in the tooling and equipment group, as shown in
-10
i
MISCELLANEOUS
MACHINERY PARTS
1
2
EMPLOYMENT
chart 2. At the same time, smaller but substantial employment additions were made by the nondurable industries,
including rubber and chemicals which industries are important suppliers of materials required for the expansion of the
defense establishment. Apparel and textiles also expanded,
accounting for about half of the total employment gain in the
nondurable goods group. As a result, employment in these
industries was raised to the highest point in the postwar
period.
Chart 3.—Percentage Change in Number of Employees,
Selected Metalworking Industries, January—June and
June-December 1950
SHIP AND BOAT BUILDING
AND REPAIRS
BLAST FURNACES,STEEL
WORKS, AND ROLLING MILLS
SERVICE-INDUSTRY AND
HOUSEHOLD MACHINERY
AUTOMOBILES
U.S.DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
51-55
Source of data: TJ. S. Department of Labor, Bureau of Labor Statistics.
Direct defense employment gains since June
It is not possible to obtain data separating employment
on the basis of defense and nondefense activities. The
trends of employment in those few industries whose entire
or preponderant output is clearly devoted to munitions production, including aircraft and parts, ordnance and accessories, ship and boat building and repair, and United States
Navy Yards, are shown in chart 4. These industries employed 552 thousand workers in December 1950, or 29 percent
more than in June, with the aircraft industry accounting for
more than two-thirds of the total rise. It should be pointed
out, however, that these industries represent only a part of
(Continued p. 19)
By Walther Lederer
Balance of International PaymentsFourth Quarter of 1950
JL HE balance of payments during the fourth quarter
showed an outflow of gold and increase in United States
liabilities of about $920 million, raising the total for the last
2 quarters to $2.5 billion, and for the 5 quarters since the foreign currency devaluation in September 1949 to over $4
billion. The large outflow of gold and dollars reflects largely
the increased demand for foreign goods and services by the
United States resulting from increased economic activity,
which was greatly stimulated by the Communist aggression
in the Far East. There are, however, some important developments which were not as yet reflected in actual transactions
so that further shifts in the balance of payments of this
country may be expected.
Full impact of Communist aggression not yet
reflected in balance of payments
The impact of the political developments during last
summer may roughly be divided into three phases, the
second of which appears to be most characteristic of the
fourth quarter of 1950. One of the most immediate results
of the greatly increased political tension, was the movement
of funds, often speculative, both into commodities and into
foreign currencies. The movement of speculative capital
from the United States to other countries appeared in the
balance of payments largely in the third quarter, reaching a
peak during September. During the fourth quarter the
capital outflow subsided considerably and in some instances
a return flow could be observed.
The second phase is characterized by the increased value
of both imports and exports arising from rising current
requirements and from an anticipation of future shortages,
both here and abroad. The rise in the value of trade, which
resulted from higher volume as well as from higher prices—•
the latter mostly on imports—was increasingly felt in the
fourth quarter. Even by December, however, the imports
did not yet reflect the full price rise that had taken place
since July.
The third phase, which will be dominated by the shift in
domestic production from civilian to military goods, apparently had not yet affected our exports, although the rising
civilian demand may have held exports down. The increasing scarcity of certain civilian goods and the allocation of
certain raw materials and equipment to the most essential
end-uses will increase in importance and can be expected
to make its full impression upon the balance of payments
only in the months to come.
In addition to domestic influences the balance of payments
also reflected developments abroad. Since the fourth
quarter of 1949 foreign countries in the aggregate were able
to increase their gold and dollar reserves. Some countries,
particularly in the Western Hemisphere were, therefore, able
to relax their restrictions on imports from the United States
and in these cases the earlier lag between the rise in reserves
and the rise in our exports seems to have greatly diminished.
Tendency to increase reserves strengthened in
certain countries
Due to the lag in their rearmaments as compared to the
United States, many Western European countries were
able further to improve their competitive position, which
was already greatly strengthened by the recent rise in their
productivity and by the devaluations of their currencies.
Export opportunities increased for these countries not only
in the United States but also in other countries, while the
need for higher imports had not yet fully developed. Thus,
some countries in Western Europe, particularly the United
Kingdom and France, improved their balances of payments
and increased their gold and dollar reserves.
Other countries were able to increase their dollar earnings
because of rapidly rising prices of their export products.
In many cases, however, the higher reserves have so far
resulted only in relatively small increases in purchases from
this country. Instead, reserves have continued to accumulate,
influenced perhaps by uncertainty as to the future. This
applies particularly to the sterling area but similar considerations may prevail in other countries.
Thus, while the financial position of foreign countries as a
whole has already improved greatly, there are in some countries, mostly those whose security is threatened, tendencies
to strengthen reserves further and therefore to lengthen the
lag between rising gold and dollar receipts on the one hand
and an increase in the utilization of these financial resources
for purchases here on the other.
This tendency to strengthen reserves may not altogether
be the result of the policies of foreign governments of conserving their dollar resources but also of the people in the countries affected, although government policies undoubtedly are
the major factor at this time. The failure to increase purchases in relation to earnings seems to be indicated by the
fact that increases in total imports by these countries, not
only those from the United States, appear to be lagging
behind increases in their total exports.
The rise in the value of imports into the United States
which started with the fourth quarter of 1949, but was
greatly accelerated after the middle of 1950, the slower rise in
exports, and the generally unchanged foreign aid were the
principal factors permitting foreign countries to increase
their gold and dollar holdings. During the last 3 months
of 1950 net payments by the United States as a result of
transactions in goods and services, Government grants and
loans, private gifts and direct investments abroad by American business enterprises amounted to about $800 million.
During the third quarter of 1950 the corresponding payments
were $1.1 billion. The decline in our net deficit on these
transactions was, however, more apparent than real as itresulted largely from the seasonal reduction in tourist^
expenditures.
These payments indicate the shift in the balance of payments of the United States during the last 3 years. As
compared to net payments of $1.9 billion to foreign countries
NOTE—MR. LEDERER IS A MEMBER OF THE BALANCE OF PAYMENTS DIVISION, OFFICE OF BUSINESS ECONOMICS.
6
March 1951
SURVEY OF CURRENT BUSINESS
during the last 6 months of 1950, foreign countries had to pay
to us on the same transactions about $1.6 billion during the
6 months preceding the start of the European Recovery
Program in April 1948.
Various long and short term capital transactions, most of
which did not have any basic economic significance, such as a
private loan to France, the proceeds of which had to be redeposited in the United States, and conversions of Canadian
loans which were spread over two quarters contributed an
additional $275 million to foreign dollar holdings in the third
quarter but reduced them again by $53 million in the fourth.
The movement of speculative capital, particularly during the
third quarter, some accumulation of foreign balances in
anticipation of future requirements, and some new commercial export credits raised, at least temporarily, foreign
dollar reserves by about $200 million in the third and $120
million in the fourth. These capital movements brought
the total rise in foreign gold and dollar holdings through
transactions with the United States to $2.5 billion during
the second half of the year 1950, $1,575 million in the third
quarter and $919 million in the fourth.
Of the total increases in foreign reserves on account of
transactions with the United States by $919 million, $771
million consisted of gold. This large gold outflow was due
to some extent to a shift from dollar holdings. Most of these
shifts were made by countries in continental Europe and
Canada.
Of the total fourth quarter rise in foreign gold and dollar
assets through transactions with the United States, the
sterling area accounted for $370 million. The total increase
in sterling area reserves during the fourth quarter amounted
to $544 million. The difference represented gold purchased
from other countries including some newly mined. Major
increases in reserves through transactions with the United
States were made by Latin American countries ($144 million)
and by some Far Eastern countries notably Indonesia, Japan,
and the Philippines. Some countries of continental Europe
particularly France were also able to increase their reserves,
but others had to draw on them in order to meet their increased obligations, arising to a large extent from higher
import prices.
Exports rise sharply
Merchandise exports and relief transfers from overseas
supplies rose by about $600 million from the third quarter.
About $150 million of this rise represented shipments under
the Mutual Defense Assistance Program, and increased relief
transfers in the Far East amounted to $50 million. Even the
remaining change, however, was the largest rise since early
1947 during a comparable period.
Of the increase in civilian exports, the ERP countries
accounted for about one half, most of which consisted of
agricultural products such as cotton, wheat, coarse grains,
oils and oilseeds. Some of this exports rise may have been
seasonal. Some, however, may reflect actual or anticipated
difficulties in obtaining these products, particularly feeds,
from Argentina and Eastern Europe. Such shifts in trade
may again intensify the problem of financing necessary imports by the affected countries.
The rise in exports to Canada and Latin America consisted
to a large extent of machinery, vehicles and other manufactured goods and reflects the effects of the improvement
4
of the reserve position during previous quarters. However,
Canada did not continue to increase its gold and dollar resources during the fourth quarter and even in Latin America
the increase was considerably smaller than during the preceding quarter.
The increase in merchandise exports and other transfers
to the group of countries included under "All Other" amounted to $120 million, of which nearly one-half consisted of
increased transfers under various Government aid programs.
Other exports, which were widely distributed among the
different commodity groups had risen, as indicated above,
considerably less than the dollar earnings of the countries
involved would have permitted.
Supply stringencies do not seem to have reduced exports
of durable goods through December. Nevertheless, it is
possible that with more plentiful supplies exports of such
commodities would have risen faster. Some indication of
lengthened delivery periods for durable producer's goods may
be obtained from the rising time lag between procurement
authorizations and paid shipments under the European
Recovery Program. At the end of June 1950 this lag averaged about 10 months, but had risen to about 13 months by the
end of December.
Increasing difficulties in obtaining some of the goods
wanted abroad, in some countries renewed financing problems, and in others the desire to increase reserves may,
therefore, keep some of our exports down. On the other
hand, increased foreign dollar earnings, increased difficulties
in obtaining certain goods in other countries and increased
requirements as a result of foreign rearmament may stimulate
exports of other goods.
Import rise accelerated
Merchandise imports during the fourth quarter of 1950
reflected almost for the first time the impact of the Communist aggression in Korea. Omitting the decline in imports
of coffee and sugar from the unusually high amounts during
the previous quarter, imports increased by about $400 million. This was about twice as much as the import rise in the
same commodities from the second to the third quarter.
As may be expected, the rise was very large in such strategic
materials as rubber (about $90 million) and nonferrous ores
and metals (about $60 million). There were, however, also
increased imports of vegetable oils, wood pulp and petroleum
and other raw materials and semifinished goods as a result
of the general increase in business activity.
Rather remarkable was the rise in imports of iron and
steel-mill products—mostly from Europe—from $24 to $63
million with the result that in terms of volume the United
States became—at least temporally—a net importer of such
products. Consumers goods such as textile manufactures,
watches, automobiles, and pottery products contributed relatively little to the import rise despite the Christmas season.
Approximately half of the increase in imports other than
foodstuffs was due to a 12.5 percent rise in unit values. This
was most pronounced in the case of crude materials (19 percent). Nevertheless, unit values of many imported materials were still below the prevailing spot prices. Rubber
unit values, for instance, averaged 40 cents per pound as
against average spot prices during the October-December
period in New York (after allowing for ocean freight) of
about 68 cents. Even in December the import unit value
averaged only 46 cents which corresponded to the spot price
in Singapore during September. Unit values for refined tin
averaged $1.05 during the fourth quarter as compared to an
average price of $1.32. Tin unit values in December appeared to correspond to prices in October.
Although merchandise imports during the fourth quarter
were at the unprecedented annual rate of $10.5 billion the
expected rise of unit values to the level of the spot prices
prevailing at the end of the fourth quarter, and in some
instances, such as tin and wool, the continued rise in spot
prices, even after the end of the year, will further increase the
SURVEY OF CURRENT BUSINESS
8
March 1951
Table 1.—International Transactions
[Millions of dollars]
ERP countries
Item
1949
IV
Exports of goods and services:
Merchandise, adjusted..
Transportation
Travel
_
Miscellaneous services:
Private
Government _ _
Income on investments:
Private __
_
Government
_
_ _.
_.
_ _ _ _ _ _ _ _ _
___
_ _
Total _
Imports of goods and services:
Merchandise, adjusted _
Transportation
Travel
Miscellaneous services:
Private
Government__ _
•
Income on investments:
Private
Government
_
Total
-
Foreign capital (net) :
Long-term _*_
Short-term
_ __
_
5
Preliminary
' Less than $500,000.
825
108
9
844
120
12
56
18
65
21
64
23
59
23
62
21
250
88
2
1
26
34
27
34
8
34
36
33
8
135
79
31
1, 131 1,089 1,105 1,006 1,293 4,493
203
145
129
167
4
6
194
4
10
189
5
9
249
84
24
258
106
21
254
132
71
328
118
109
43
59
58
66
51
63
52
62
53
69
214
260
66
1
58
1
97
2
66
3
84
2
305
8
526
568
670
738
(*)
117
8
2
438
37
9
3
2
2
1 00
00
14
31
16
1
3
10
1
2
00
-2
-3
-2
____
_
00
-876
-984
-752
-925 -3,537
-2
-3
-3
-346
-355
-549
-484
-407 -1,795
+20
-70
-80
-19 -250
-43 -38
+37 -19
-9 —75
-19
-1
—1
(*)
-1
-2
-7
+1
+28 +11 +63 +176 +113 +363
+214 +171 +451 -244 -207 +171
-16
+23 +650 +554 +1,358
+5
+3
+1
-19 +285
+12
+59
+57
-27
+29
-13
-32
-47
+55
-22
-28
+39 +131
+108
+84
-33 -151
+8 -58
-21 -13
-23 -15
+81 + 139
00
2
2
1 (*)
1 (*)
1
2
185
46
3
48
2
1
52
2
1
51
1
1
197
8
3
3
2
257
5
7
849
19
35
37
3
1
226
273
-70 -130
-2
-2
(z)
00
-2
-72 -132
-5
-1
-3
-11
-0
-3
(*)
(*)
4
1
(*)
(*)
00
00
3
(x)
^'
10
00
917
46
52
53
58
55
218
-344
+4
-8
-9
-6
-10
-33
c
-21
-6
(*)
-12
-9
-10
-27
(*)
-12
-9
—9
(*) '
(*)
c
-41
(*)
-23
-20
-20
-15
-1
-74
+1
-9
+1
(*)
-9
+12
-6
(*)
+2
-3
-8
-1
+4
+
-1
-1
+16
-37
+1
00
+6
—15
-1
-1
+6
-6
+<
+13
-18
-354
-24
(*)
-18
+2
+19
+1
+4
+9
+5
+98 +121
+335
+20
00
7
(*)
45
209
5
9
1
2
(*)
52
44
00
2
(*)
151
12
2
44
50
00
11
1
(*)
38
3
2
11
573
3
39
3
1
1
1
143
(*)
37
3
1
Year
1 (*)
1
7
156
-2
(*)
-1 (-)
-951
37
3
77
1
00
-90 -65 -70 -60 -76 -271
_ - -857 -806 -911 -688 -845 -3,250
-4
-4
-4 -16
-3
42
3
00
III' IV p
II
I
16
1
1
-77
(*)
IV
111
11
2
4
00
00
IV * Year
110
11
2
100
7
3
-67
-11
00
00
-3 00
+35
+31
00
(*)
+1
-9
+28
-41
-14
+20 +114
Source: U. S. Department of Commerce, Office of Business Economics.
changed
Service transactions showed significant changes in the
fourth quarter, which, however, largely offset each other.
Receipts on transportation increased, mostly because of
increasing exports. As these exports do not yet include the
expected large bulk movements of coal to Europe and grains
to India a further rise in shipping receipts can be anticipated.
Payments declined because of the seasonal decline of tourist
traffic. Rising freight rates resulting from the growing
scarcity of shipping space were not yet reflected in the preliminary estimates for the fourth quarter. Such rate changes
would affect both receipts and payments, however, leaving
the balance on transportation account comparatively
unaffected.
Tourist expenditures declined as usual after the end of the
458 1,298
85
441
24
225
158
10
1
1950
1949
III'
906
107
11
value of imports. The seasonal rise in the imports of such
important commodities as coffee, sugar and wool during the
first months of the current year will push up import values
even more. Thus, it is likely that the rate of $10.5 billion
during the fourth quarter does not yet represent the average
level to which imports may rise as a consequence of the higher
prices and the higher domestic requirements resulting from
domestic business expansion and the need for strategic
stockpiles.
Service transactions also reflect
conditions
II
+22
Transfers of funds between foreign areas (receipts from other areas
( — ), payments to other areas (+) and errors and omissions
Revised.
737 1,038 3,444
104
454
122
13
43
9
I
+605 +521 +435 +268 +518 +1,742
Increase ( — ) or decrease (+) in gold stock
r
IV
206
Balance on goods and services and unilateral transfers (net foreign
investment)
_ _ _ _ _ _ _
III" IV P Year
Other Europe
1950
212
__
United States capital (net) :
Private, long-term
Private, short-term
Government, long-term
Govern mfvnt, short-term
1949
181
Balance on goods and services
_____
II
1950
775 2,751
Total
Unilateral transfers (net) :
Private
Government grants _
Other transfers
I
ERP dependencies
peak travel season. It appears, however, that this year the
decline was sharper than last year. The reason for this
sharper decline cannot yet be determined. The increased
travel facilities during the peak season may have reduced
the demand during the off-season. It is also possible, however, that the international political situation discouraged
trans-Atlantic travel, although tourist expenditures in the
ERP countries did not drop below those of the comparable
season a year earlier.
The continued rise in miscellaneous service expenditures
by the Government in the third and fourth quarters was
due mostly to higher military expenditures in the Far East.
Income on investments increased on both sides of the
accounts as a result of increased earnings in manufacturing
and extractive industries. Increased prices of raw materials
and some relaxation on the transfer of earnings abroad should
further increase our receipts of investment income.
Export surplus restored
Mostly as a result of the rise in merchandise exports and
the seasonal decline in tourist expenditures and of imports
of certain foodstuffs, the surplus on goods and services rose,*
again from an annual rate of less than $400 million in the
third quarter to a rate of $2.4 billion in the fourth. Even
at the latter rate, the surplus was smaller than at any previous
time since 1941.
SURVEY OF CURRENT BUSINESS
March 1951
of the United States, by Area
[Millions of dollars]
Latin America
Canada
1949
1950
1949
IV P Year
I
II
438
18
30
396
15
27
521
19
46
501
24
63
10
(*)
12
1
17
1
16
(")
90
(*)
71
118
69
586
522
722
445
25
39
404
25
24
475
29
53
4
4
4
3
5
6
13
2
8
2
16
2
532
470
586
IV
III'
+54 +52 +136.
I
II
IV » Year
III'
II
508
49
5
473
49
3
466
42
6
429
33
6
13
10
14
11
12
13
15
7
16
7
57
38
68
590
13 0)
67
1
62
2
72
1
75
1
276
5
III' IV v Year
II
I
IV
1949
III' IV P Year
IV
1
1950
I
II
III'
IV P
Year
18
(•)
63
2
24
6
24
5
21
7
33
6
35
6
116
374
131
4
113
2
131
5
186
2
160
4
673
785 2,702
861
826
892 1,020 1,090 3,828
653
618
603
563
694 2,478
22
27
499
32
146
570 1,948
30
116
259
36
638
48
41
716
62
54
636
52
42
920
47
52
812 3,084
49
210
39
187
279
9
5
341
12
5
392
12
5
511
14
5
646 1,890
14
52
3
18
15
2
12
4
12
5
10
10
5
11
5
11
20
42
1
53
2
47
1
34
1
66
2
86
6
233
2
2 (•)
3
1
4
1
12
2
3
1
2
2
1 («)
3
1
3
2
10
4
2
2
2
921 3,557
351
19
6
2
33
14
+3 +21 +25
-12
+3
-1C -138
-91 -1,049
-25
-113
-99 -118
-439
-109
-990 — 1, 108 -851 — 1, 094 -4, 043
-90
-23 -18
-18
—31
15
705
4
6
18
20
20
4
59
11
670 2,431
2
00
00
(*)
746
849
748 1,039
-32 +115 +271 +115 -23 +144 -19
+1
-1
-1
0
0
+2
-1
—7
-6
]
-12
+1
-6
+40 -353 -118
(
-100
(x\
+
(*)
+103
-165
410
446
756 2,213
-38 -62 +265
4
5
9
18
18
17
3
1
17
2,664
251
71
2,448
244
67
14
67
125
36
138
39
134
44
145
36
150
34
567
153
7
347
12
303
32
362
17
395
46
401
14
1,461
109
92
3,506
3,271
3,522 3,491
4,067 14, 351
7
21
1,830
173
116
1,961
212
114
1,994 2,531
232
218
322
181
2,801
184
110
9,287
846
727
19
5
26
52
138
69
134
62
117
63
169
64
182
258
602
2
2
8
86
6
71
6
119
6
87
10
112
11
389
33
55
2,401
2,567
2,711
3,400
3,464
12,142
+37 +1, 105
+704
+811
+91
18
4
3
27
21
17
2,604 2,508
260
239
122
101
3,119 10, 679
265 1,008
374
84
+603 +2, 209
-4
—4
-1
-2 -2
-10 -18 -28 -25 -23 -24 -100
-21 -159 -154 -167 -130 -230 -681 "-20 -24 -24
-18 -21 -17 -12 -12 -62
3
-28 -15
-11
-9
j
-36 -195 -203 -209 -165 -266 -843 -20 -26 -26
-31 -18 -101 -1,212 -1, 130 -1,244 -968 -1,230 -4, 572
-40 -30
+85 -18
18
+22 (-)
-28 +160 +235 +107
-59
+4
o
+14
+54
0 -74 -135
+5 -52 -203 -328 -578
-50 -179 -47 -48 -16
-77
-6 -17 -1
<3A
19
i f\ +2C
+36 (0
00 +3
-20 -58 -142
+f< -9 -10
-1C
C -1
+2
-17
-5
-1
-1
#
-4
-43 -15
+1
-2
-3
(*)
—2
-64
-107
-426
-433 -877
(*)
-227
+151
-72
—4
-99 -531
-14 -136
-19 -36
-20
0
-627 -2, 363
-93
-141
+2
-10
-950
-140
-125
-34
+:
-147
-1C
-35
-32
+20 +32 +3
-16
+1 +2 -12 +2 +23 +56
+51 +136 -82 +41 +63 +182 +226 +512 -66 -14 -57
+8 +30 +117
-11 +78
+12
+213
+122
+126
+203 +263
+435 +572
+413 +1,001
-265 +868
+73 +162 +24 +23
-5
+17 +15
+58
+165
+203
+29 +740
+771 +1, 743
-382 +24
+5
+31 -103
-86
-59
+127
-82
F
r*)
-11
+1
+1
-173
-6
In our transactions with Canada, a surplus replaced a
deficit during the previous quarter which had been largely
the result of the seasonally high tourist expenditures. The
change during the fourth quarter restored the traditional
relationship between the two countries. A similar change
in our transactions with Latin America is more likely to have
been somewhat exaggerated by temporary factors affecting
imports, especially of sugar and coffee.
Our transactions with ERP dependencies and the "Rest
of the World" showed an increasing deficit. In the latter
area our deficit increased, although merchandise transfers
under Government aid programs to that area rose by about
$100 million.
The surplus with the ERP countries increased by $250
million. This amount is not more, however, than the
increase in shipments under the military aid program and
the seasonal decline in tourist expenditures and tourist fare
payments. As compared to the last quarter of 1949, the
European deficit on goods and services was about $100
million smaller and, if shipments under the Mutual Defense
Assistance Program were omitted, the deficit would be
reduced by another $250 million. The decline of the Euro.pean deficit is the result both of improved economic conditions in Europe and more favorable export opportunities
from Europe to the United States.
The developments in Government aid disbursements are
discussed in detail in the article "Foreign Aid by the United
States Government in Calendar Year 1950" in this issue of
931674°—51——2
601
554 1,922
36
160
5
20
-1
+99 +71 +35 (-)
-50 -428 -152
113
24
+169 +271 +302 +208 +157
-14 +79 +84 +789 +244 +485
-6
+1
+42 -12 -26 +505 -436 +3 +116 -55 ±11 +164
-1
789 2,716
66
246
30
126
4
-6
-1
-32 +114 +267 +103 -30 +133
+63 -81 -16 -296
-87
+2 (*)
-1 (*)
+1 (*) ^ (')
(*)
-37 -176
I
1950
692
64
37
+1
-134
IV
1949
635
60
33
0
-1
1950
600
56
26
-3
—2
1949
612
60
24
—2
+49 +49 +136
1950
AH areas
International institutions
589 2,007
24
82
174
38
_3
-5
IV
All other countries
+29 +24
+71 +23 +15 +11
+9 +154 +162 +63
c
-6
+5
-50
the SURVEY OF CURRENT BUSINESS. In general, in many
countries the need for recovery aid has declined, especially*
in the period since Korea, and the emphasis is now shifting
sharply to military aid requirements insofar as Western
Europe is concerned.
Stability in capital movements restored
The net outflow of United States private capital, which was
unusually large during the third quarter, declined substanstantially, indicating to some extent a restoration of stability
in international financial relationships^
Preliminary estimates for direct investments indicate a
decline of about $40 million, but investments in Canada
declined by nearly twice this amount. Most of the decline
in Canada and the smaller increase in other countries took
place in the petroleum industry.
Canadian refunding operations and repayments of loans
which extended over 2 quarters caused movements of capital
on account of new loans and amortizations to that country to
shift from a net outflow of $54 million in the third quarter to
a net inflow of $93 million in the fourth.
Purchases of outstanding Canadian securities in anticipation of appreciation of the Canadian dollar—to the extent
these purchases are made through American brokers—declined from nearly $150 million in the third quarter to less
than $25 million in the fourth. Although the speculative
outward movement subsided early during the fourth quarter,
SURVEY OF CURRENT BUSINESS
10
March 1951
'Table 2.—International Transactions of the
[Millions of dollars]
United Kingdom
Item
1949
Other ERP countries
1950
1949
1950
Year
I
IV
Exports of goods and services:
Merchandise, adjusted l
Transportation _ _
Travel
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
_ __
Total .
Unilateral transfers (net) :
Private.
Government grants 1
Other transfers
_ _
128
24
6
157
24
4
521
97
20
41
1
50
3
44
3
39
4
35
3
168
13
16
22
2
17
1
19
1
19
77
4
242
235
202
221
242
900
24
16
14
20
15
65
73
24
4
63
28
4
72
50
11
95
39
19
115
19
4
345
136
38
2
2
1
2
2
1
1
2
2
2
1
3
2
1
1
7
6
7
40
6
47
4
46
8
45
9
44
10
182
31
4
2
3
35
31
72
36
1
41
180
1
_
(')
___
Increase (— ) or decrease (+) in gold stock
Transfers of funds bet ween foreign areas (receipts from other
areas (— ), payments to other areas (+)), and errors and
omissions
_ _ _ _ _ _
(*)
(«>
(')
(*)
(«)
2
(•)
(•)
1
(«)
1
1
i«)
(•)
(«)
(«)
(«)
(•)
(*)
8
10
(*)
(«)
233
913
9
7
7
9
7
30
+58
-57
-23
+9
-13
+15
+9
+7
+11
+8
+35
n
-221
-^
-5
-193
-1
-6
-222
-1
-5
-114
-11
-127
-1
-27
-656
4
2
-5
-231
-199
-229
-120
-139
-687
-16
+ 14
-13
-19
-49
+13
-8
0
-64
-65
+31
-12
-3
-16
-25
+21
+6
+30
+ 135
+10
+99
+34
+262
+15
-417
+27
-38
+86
-94
(«)-
+80
00
+580
+360
+1, 020
+39
-205
-202
00
-39
+3
-1
—2
-3
-1
-4
-7
(*)
00 -
-15
-13
00
(*)
00
-3
-1
-3
(*)
(')
(«)
(*)
-10
(')
(«)
-4
-3
-15
00
(•)
+1
+1
-17
00
-13
(*)
-10
-55
+13
+6
+5
00
00
-1
-1
+11
+6
+35
Table 4.—Grants and Other Unilateral Transfers
1950
1950
1949
IV
Item
IV
I
II
III'
IV »
3,506
3,271
3,522
3,491
4,067
Total
14, 351
Means of Financing
2,401
-448
2,567
-455
2,711
3,400
-679 -1, 570
47
11
-12
17
1,074
67
3,464
-924
12, 142
-3, 628
11
—8
2
7
—20
37
1,021
76
1,131
39
869
36
1,112
8
4,133
159
138
157
109
75
113
114
99
668
118
232
439
1,089
+59
—127
+82
—5
+50
Excludes purchases or sales of obligations issued by the International Bank (see table 5).
Government:
Payments:
Civilian supplies
for occupied
countries 1
_
Greek-Turkish Aid Program
War damage payments and other
transfers to the Republic of the
Philippines
EC A Programs:
European Recovery Program 2
Other _„
International Refugee Organization _ __
Mutual Defense Assistance Program
Miscellaneous grants _
_
Pensions and other transfers
Total payments
__
Receipts:
EGA counterpart funds
Other
185
35
I
m.
II
121
35
138
14
117
8
Revised.
*> Preliminary.
Source: U. S. Department of Commerce, Office of Business Economics.
there was no appreciable return flow of funds to the United
States after the Canadian dollar ceased to rise.
The net movement of American short-term capital was
about the same as in the third quarter. There were, however, considerable differences in the direction of the flow of
funds.
Total receipts
Net Government payments
Private remittances:
Payments
_ _
Receipts
Net private payments
_ __
IV v
Total
132
7
508
64
47
39
27
34
66
166
767
12
770
28
850
23
548
8
589
16
2,757
75
18
18
17
8
8
51
32
31
5
20
26
66
13
25
141
26
18
305
14
18
517
73
87
1, 127
1,062
1,173
908
1,155
4,298
51
2
41
40
2
36
3
27
16
144
21
53
1,074
41
1,021
42
1,131
39
869
43
1,112
165
4,133
148
10
121
12
126
13
114
15
132
14
493
54
138
109
113
99
118
439
r
4
(')
W
(')
(*)
57
4
(-)
[Millions of dollars]
1949
1
(')
13
1
(*)
+60
+1
Item
Errors and omissions
1
2
1
18
1
(•)
244
[Millions of dollars]
Foreign resources:
United States imports of goods and
services
Liquidation of gold and dollar assets. _
Dollar disbursements (net) by:
International Monetary Fund
International Bank
_
U. S. Government:
Grants and other unilateral transfers
(net)
Long- and short-term loans (net)
United States private sources:
Remittances (net)
Long- and short-term capital (net) 1 _ -
12
1
(*)
259
Table 3.—Exports of Goods and Services and Means of Financing
Exports of goods and services
14
1
(z)
177
-19
+20
+19
-15
___
(•)
20
1
(*)
182
_ _ _ _ _
Total.
IV*
IIP
104
27
6
(*)
Balance on goods and services
II
I
IV
IV f
132
22
4
___ _
Total
IIP
158
21
5
_ _ _ ___
Imports of goods and services:
Merchandise, adjusted _
Transportation
Travel
Miscellaneous1 services:
Private
Government
Income on investments:
Private
Government
United States capital (net) :
Private, long-term
Private, short-term
Government, long-term
Government, short-term __
Foreign capital (net) :
Long-term _
Short-term
II
1
Includes disbursements in Germany administered by EC A from funds appropriated
under the Army Civilian Supply Program.
2 Includes aid to Indonesia of $16 million in first quarter, $21 million in the second, and $2
million in the third quarter of 1950. r Revised.
f Preliminary. Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
March 1951
11
United States with the Sterling Area
[Millions of dollars]
1949
Total sterling area
AH other countries
ERP dependencies
1949
1950
1949
1950
Year
II
I
IV
(*)
28
144
11
2
5
2
(«>
13
10
208
21
51
6
1
1
2
2
(«)
I
IV
IV*
52
6
1
47
4
2
58
5
1
68
5
1
1
1
IIP
29
137
12
2
(*)
12
6
14
13
(')
100
10
3
131
11
2
5
14
15
5
(•)•
19
5
(*)
(«)
64
155
12
3
Year
IV
IV*
IIP
II
5
(*)
1950
Year
(«)
I
II
IIP
IV*
523
45
10
390
38
8
341
40
7
318
44
11
319
41
10
372
42
7
1,350
167
35
21
49
3
59
3
52
3
46
4
43
3
200
13
62
57
46
2
44
1
63
1
50
203
4
(")
C)
104
76
68
89
72
305
175
171
189
133
168
661
545
498
473
484
517
1,972
82
3
5
115
2
9
124
3
8
137
3
8
170
3
6
546
11
31
145
3
1
154
4
2
168
4
2
180
4
2
217
4
1
719
16
7
302
32
11
334
36
16
365
59
23
414
47
32
504
27
12
1,617
169
83
1
2
2
8
40
15
47
10
47
14
45
16
45
17
184
57
o
36
(«)
436
32
37
1
42
(«)
647
183
1
475
72
(*)
580
2,294
-108
-130
-322
(-)
3
(*)
2
2
(«)
(«)
(*)
(*)
(*)
(*)
(*)
(*)
128
137
+ 11 '
-69
-61
-2
-2
-2
(*)
(*)
—1
(*)
2
8
(*)
182
597
-110
-292
150
2
(*)
1
(*)
2
1
(•)
(•)
163
(*)
(*)
592
177
189
225
-56
-57
-93
+109
+23
-107
-1
i
-8
—1
_2
-16
-226
-1
-12
-194
-2
-12
-224
-3
-12
-115
-1
— 17
-129
-1
-53
-662
-7
-243
-208
-239
-128
-147
—722
+23
+8
+ 12
-3
—2
-3
-1
-1
S
-1
1
2
2
(«)
152
-8
8
(*)
1
1
(«)
-52
-2
W
2
1
(*)
93
(')
(0
W
2
2
(*)
(*)
754
-2
-2
-3
-2
-2
-9
-3
-3
-4
-2
-2
-11
-16
-1
+1
—1
+1
-8
-1
(*)
(«)
-7
+1
-2
-15
0
—3
(")
-7
-4
-4
-20
(*)
(*)
+2
-24
+1
+1
-6
+6
+4
+1
-16
+1
00
-24
-37
+5
+2
-42
+15
+6
-14
-19
-7
-15
-7
-12
-28
—4
-7
-33
-44
-12
-2
-38
-23
+9
+6
-102
-102
-22
-10
(*)
+20
(')
-19
+2
-2
+2
+4
+1
_2
(*)
+19
+20
+1
+1
+23
+31
+ 133
+10
+99
+34
+270
+15
-417
+30
-20
+89
-68
(*)
(')
+2
-14
-20
+78
-10
+580
+360
+1,008
+25
+46
+103
+149
-47
+251
(*)
(0
(*)
+1
(•)
+5
+2
+7
+47
+53
(*)
+311
+120
+91
(
V
-4
(*)
-12
-20
-4
-10
+11
+27
+34
(«)
(•)
(•)
+34
+53
+148
r
Revised.
px Preliminary.
Less than $500,000.
i The data for the total sterling area (but not for the United Kingdom and the other component areas) are adjusted to include "special catergory" exports purchased
ised for
f< cash but exclude all
transactions under the Mutual Defense Assistance Program. For the definition of "special category" goods see Foreign Trade Statistics Notes for September 1950, published by the Bureau
of the Census.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 5.—Movements of United States Long-Term Capital
[Millions of dollars]
1949
1950
1949
1950
Tfam
IV
Long- term capi tal :
Government:
Outflow:
Export-Import Bank loans
European Recovery Program
Miscellaneous loans
Other i _ _ _
Total outflow
Inflow (repayments) :
Export-Import Bank loans
Miscellaneous loans
Other i...
_
To tal inflow
Net outflow of Government long-term
capital..
Private:
Outflow:
Direct investments
Other__ _ .
Total
__
1
II
III'
IV P
36
30
12
2
50
54
17
2
58
30
26
2
40
49
5
1
44
30
3
2
192
163
51
7
80
123
116
95
79
413
11
30
4
30
20
1
45
15
80
2
27
31
1
47
30
4
119
161
8
51
97
59
81
288
35
72
19
36
-2
125
357
37
314
244
281
43
345
369
3 180
35
1,120
691
394
558
324
714
215
1,811
2
IV
Total
Long-term capital:
Private:
Inflow:
Direct investments.
Debt retirement
Other
Total
Net outflow (as in tables 1 and 2)
II
III'
Total
(3)
107
15
225
183
122
861
99
531
93
950
+1
—1
—1
+2
+1
226
100
532
91
949
149
135
47
112
70
43
247
331
147
227
147
IV P
141
19
23
149
64
34
Deduct:
Net purchases (+) and sales (— ) of
obligations issued or guaranteed by
the International Bank
Net outflow to foreign countries (as
used in table 3) _ _
I
1
402
331
128
Long-term capital transactions which are not included in Government aid in the article,
"Foreign Aid by the United States Government in Calendar Year 1950," published in this
issue of the SURVEY.
2 Includes a repayment of $54 million by Japan of loans by the United States Government
for3 purchases of United States cotton.
Preliminary estimates for net outflow of direct investments.
r
Revised.
P Preliminary.
Source: U. S. Department of Commerce, Office of Business Economics.
(Continued on page 19)
By Cora E. Shepler^fe-
Foreign Aid by the U. S. Government
In Calendar Year 1950
Ai
LID provided foreign countries by the United States
Government in calendar year 1950 declined with the marked
improvement in economic conditions in Europe and other
areas, reviewed in the preceding article on the United States
balance of payments. The United States Government
program of postwar aid, extended primarily for the purpose
of assisting foreign areas, particularly Western Europe, to
recover from the economic and political instability brought
about by World War II, had by the year-end achieved substantial results through supplementing the broad and
effective economic recovery programs of aided countries.
The emphasis in Europe—as in the United States—has been
shifted by 1950 events from the now notably advanced
economic recovery to security against aggression, and this
shift has resulted in important changes in the aid programs.
Thus, foreign aid in 1950 was notable both for the
transition in the planning of the scope and form of assistance,
and for the drop in the gross amounts furnished from $6.0
billion in 1949 to $4.5 billion last year (see table 1). During
the latter part of 1950 the Mutual Defense Assistance
Program (MDAP) became increasingly important as a
means of supplying essential defense materials and equipment to the North Atlantic Treaty nations and certain
other areas, and for the development of increased supplies
of, and new sources of, strategic raw-materials.
Net foreign aid closely followed gross aid, the difference
being largely returns in the form of 5-percent counterpart
funds under Economic Cooperation Administration (EGA)
programs and principal repayments on loans and other
credits. Net foreign aid for 1950 was thus $4 billion, almost
three-tenths less than the 1949 amount, with indications
of an increasing trend in the second half (see chart 1). Net
foreign aid to areas participating in the European Recovery
Program experienced most of the annual decline; aid to
other areas remained comparatively stable (see chart 2).
economic expansion of the free world and sharply higher
raw material prices improved the balance-of-payments
position of foreign countries.
Chart
1.—U.
S.
Government
Foreign
Grants,
Credits,
and Net Foreign Aid
BILLIONS OF DOLLARS
2.0
GROSS GRANTS^*
GROSS CREDITS
RETURNS
COLLECTIONS
NET GRANTS [>X«
NET CREDITS
1.6
1.2
.8
.4
I
2
3
4
I
I
1949
2
3
I960
QUARTERLY
TOTALS
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Aid improves foreign positions
By the end of the year, Western European industrial
output was in most countries considerably above the volume
prevailing at the outbreak of World War II. Thus, the
domestic progress of these countries made during the first
2% years of the European Recovery Program was of great
importance in enlarging the economic base for the increased
defense preparations necessary for the protection of the
European members of the North Atlantic Treaty organization, and for the security of Greece and Turkey which are
closely associated with the mutual-defense effort.
The international financial positions of certain ERP and
other countries also showed striking improvement, as
evidenced in the net purchase of over $1.7 billion of United
States gold in calendar year 1950. By far the greater part
of this outflow of gold from the United States occurred
during the last 6 months of the year when the United Kingdom alone purchased $0.9 billion. The heavy outflow of
gold was accompanied by curtailment of ERP aid, as the
NOTE—MBS. SHEPLER IS A MEMBER OF THE CLEARING OFFICE FOR
OFFICE OF BUSINESS ECONOMICS.
FOREIGN TRANSACTIONS,
12
51-46
Source of data: U. S. Department of Commerce, Office of Business Economics.
As a direct result of the rapidity of economic recovery in
the United Kingdom, the Economic Cooperation Administration was able to announce the suspension of virtually all ERP
aid allotments to that country beginning January 1, 1951.
As shown in table 2, the United Kingdom has been the major
recipient of United States Government foreign grants and
credits during the postwar period.
A id to increase
Although ERP grants and credits declined in the last 6
months of 1950, the United States Government furnished
$1.2 billion of foreign aid through this medium, or almost
three-fifths of the gross foreign aid extended in the period.
Grants furnished under the rising Mutual Defense Assistance
Program were responsible for only one-fifth—$0.4 billion—
of the 6-month total, although in the final quarter of the year
they comprised over one-fourth of the aid furnished. The
rise will continue since the fourth quarter rate is still below
goals set for military aid in appropriations by Congress, which
March 1951
SUKVEY OF CUEEENT BUSINESS
had been greatly increased following the invasion of South
Korea by Communist forces. Between June 30 and September 30, 1950, nearly $6 billion was added to the $1.2 billion
available for military aid as of June 30.
The Budget for fiscal year 1952 submitted by the President
in January 1951 states that he will request additional large
appropriations for "mutual-security programs." The message of the President states that "In general, our assistance
programs will continue to take two forms—provision of military equipment and provision of economic assistance. But
the balance between these two forms of aid will shift very
sharply, and will differ according to the strategic, political,
and economic situation in each free world area requiring
assistance."
An additional $1 billion has been recommended in the form
of an increase in the lending authority of the Export-Import
Bank (EIB). Credits furnished abroad by EIB, EC A, and
other Government agencies have played an important part
in the provision of postwar foreign aid, although in calendar
year 1950 they represented only 10 percent of the gross
foreign-assistance total.
Foreign economic policies reviewed
The Report on Foreign Economic Policies submitted to the
President in November by Mr. Gordon Gray made numerous
recommendations, largely in nonquantitative terms, relating
to the future scope and administration of foreign programs
of the United States Government. The need for economic
development and progress in underdeveloped areas was
actively considered. The report recommended that the combined efforts of the Export-Import Bank and the International Bank for Eeconstruction and Development should
aim at a net outflow of funds of $600 million to $800 million
a year with half or more to be supplied by the International
Bank. It was further recommended that, under stated
conditions, United States grants for development and
technical assistance be provided of up to $500 million a year
for several years.
The technical-assistance program for underdeveloped
areas, popularly known as the Point Four program, was
approved on June 5, 1950. The aid furnished under this
program and related activities of the United States Government is discussed further in following sections which also
cover the emergency measures taken in the latter part of the
year for civilian relief in Korea and Yugoslavia, recent developments under the southeast Asia program, and proposals
for further aid to the Philippines.
13
European Recovery Program grants decline
The decline in net grants over the 2 years was largely a
reflection of the decline in grants under the European
Eecovery Program, the major program of United States
Government economic assistance abroad. EEP grants
comprised about two-thirds of the gross grants abroad of the
United States Government in both 1949 and 1950, declining
from a high of over $1 billion in the second quarter of 1949 to
slightly over half a billion in each of the last two quarters of
1950 (see table 1). Reduction of gross EEP aid in 1950 was
in keeping with the original plan for this, the third year of the
outlined 4-year program.
From October 1948 through June 1950, a portion of EEP
grant aid was allotted on a conditional basis to certain
participants in the program on the basis of their contribution
to other participants under the intra-European payments
agreement. This agreement stimulated mutual aid among
the participants on a bilateral basis, with EGA providing
conditional grants to the intra-European donor. Approximately one-fifth of the EEP grants provided by EGA
throughout 1949 and the first half of 1950 was as conditional
aid. In the last half of 1950, this ratio continued under the
European Payments Union agreement.
United States contributes to European
Payments Union
The intra-European payments agreement was found wanting in a number of respects, including the fact that the
bilateral payment arrangements under the agreement were
completely financed by conditional grants from EGA. Thus
a new system was developed to provide for multilateral
settlements for trade within Europe with progressively
Chart 2.—U. S. Government Net Foreign Aid, by ERP
and Other Areas
BILLIONS OF DOLLARS
1.6
Major part of foreign aid is on grant basis
The major part of foreign aid furnished by the United
States Government in the last 2 years has been on a grant
basis, that is, without obligation to repay the United States.
Total gross grants in the July-September quarter were at an
annual rate of $3.4 billion and, despite a rise in the last quarter of 1950 to a rate of $4.2 billion, gross grants for the year
totaled $4.1 billion, compared with $5.4 billion in 1949.
During 1949 and 1950, the reverse grants to the United
States Government were almost entirely derived as 5-percent
counterpart funds received under EGA programs. Most of
these reverse grants were received as returns on the European program. Eeturns fell in the second half of 1950 to
an annual rate of $126 million, from a rate of $180 million
in the first half and a total of $243 million in the previous
year.
Net grant aid in the July-December 1950 period was thus
at an annual rate of $3.7 billion, a decrease from the annual
rate of $4.1 billion in the first half and a large decline from
the 1949 total of over $5.1 billion.
4 -
I
2
3
4
1
1949
2
3
1950
QUARTERLY
TOTALS
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Source of data: U. S. Department of Commerce, Office of Business Economics.
steeper terms of payment in dollars and gold, designed to
encourage each country to approach a sustainable balance in
its total intra-European transactions. On September 19,
1950, the European Payments Union (EPU) was constituted
by the Organization for European Economic Cooperation
(OEEC).
14
SUEVEY OF CURRENT BUSINESS
Under EPU, each member country has a quota equivalent
to 15 percent of its total intra-European transactions on
current account in 1949. These quotas are for a 2-year
eriod beginning July 1, 1950. Several countries also have
een allotted initial credit balances to be used before their
quotas. United Kingdom, Belgium, and Sweden are to
provide initial debit balances before applying their quotas;
to the extent that? initial debit balances are used the United
States Government will provide conditional aid to these
countries.
Countries which earn a cumulative surplus provide the
first fifth of their quota as a credit to EPU, and are then
entitled to receive payment from EPU of 50 percent on the
further surplus earned, up to the limit of the quota. Countries with cumulative deficits are allowed credit for 100
percent of the first fifth of their quota; for the second fifth
of their quota they must pay 20 percent in gold and dollars.
As the quota is used the portion payable in gold or dollars
increases; for the last fifth of the quota used the country is
obligated to pay 80 percent in gold or dollars. Thus, if the
whole quota is used, 40 percent must be paid in gold or
dollars. Settlements of all amounts over quota are to be
made in gold and dollars. Amounts of quotas not settled
in gold or dollars constitute credits extended by surplusearning countries to EPU, or by EPU to the deficit-incurring
countries. Interest at the rate of 2 percent per annum is
paid by the debtors and to the creditors of EPU on these
unsettled balances.
The increasing requirement on deficit countries for payments in gold and dollars is expected to serve as an incentive
to each country to approach a sustainable balance in its intraEuropean transactions. Further, the fact that only a partial
payment is received by countries enjoying a surplus is expected to serve as an incentive to these countries to reduce
the balance of trade in their favor, for example by increasing
their imports.
The United States Government has agreed to make up to
$350 million available to EPU. These funds will be used
for EPU to pay any countries earning surpluses, in the event
that receipts from deficit countries are not sufficient.
E
EPU shows results in 6 months
Bilateral imbalances among European countries ran from
the equivalent of $1.2 billion in the first half of 1950 to almost
$1.6 billion in the last half. In the earlier period about onethird of these imbalances were settled by use of intraEuropean payments agreement drawing rights, and the
countries extending the drawing rights received conditional
aid from the United States.
The first clearing of intra-European accounts under EPU
covered the period July, August, and September. Further
clearings were made monthly thereafter. In the last half
of 1950, over half of the imbalances resulting from a larger
volume of trade were settled by the automatic clearing of
balances; and the remainder through EPU operations. Onetenth of the total intra-European imbalances in this 6-month
period represented use of the initial debit balance extended by
surplus-earning countries which received conditional aid from
the United States Government. In addition, in October the
Government paid $43 million to enable EPU to make settlements with countries entitled to receive gold or dollars. This
aid by the United States constituted less than 3 percent of
the total intra-European imbalances in the period.
EPU is intended to provide the financial basis for the
reduction of trade and payments barriers among Western
European countries and for bringing their payments more
nearly into balance with each other and the rest of the world,
thereby requiring less United States Government financial
assistance. The first 6 months of EPU operations do not
March 1951
provide a broad base gage, but it was obvious that trade
within Europe was expanding in this new framework.
Military-assistance grants increase
The actual decrease in the volume of ERP grant assistance
in the second half of 1950 was accompanied by a decline in
the ratio of ERP to total grants under all programs. Military-assistance grants expanded in the final quarter of 1950
to comprise 30 percent of the gross grant aid and thus offset
the decline in the recovery program. MDAP assistance
includes, first, the provision of finished military equipment
and, second, assistance for increased European military
production which is being integrated with the European
Recovery Program.
MDAP assistance was authorized by the Congress late in
1949, at a rate approximating $1 billion for the first year.
Through the first half of 1950 some $71 million in aid was
provided under this program. Grants in the third quarter
were double those of the first half; the final quarter, at an
annual rate of $1.2 billion, was over double the third quarter.
Title III of the Mutual Defense Assistance Act authorized
grant assistance to Korea, the Philippines, and the general
area of China at a rate of approximately $100 million for
the first year. From $5 million in aid prior to July, these
grants rose to $19 million in the third quarter and to $41
million in the fourth.
Economic aid to Far East continued
Aid to Far Eastern countries was not confined to military
assistance. Shortly before the invasion of South Korea by
Communist forces, Congress had provided for the extension
of the economic aid originally
intended for China to the
"general area of China.77 Under this legislation, United
States Government grants are being provided to Burma,
India, and Thailand. Indonesia and the Indochinese states,
which had previously received ERP aid as Netherlands and
French dependent areas respectively, are also receiving aid
under this new southeast Asia program. Grants to these
countries and Taiwan (Formosa) in the second half of 1950
amounted to $9 million. Since aid to China was confined
to Taiwan, grants in 1950 were appreciably less than in
1949, when United States Government assistance was still
extended to the mainland.
Korean aid in the first 6 months of 1950 ($42 million) was
considerably above the total for the entire year 1949 ($28
million). For the last half of 1950 this aid amounted to
$15 million, but in addition approximately $50 million of
supplies and materials was transferred from United States
Army stocks in Japan and Korea to assist the 1civilian economy
of the invaded country in the wake of battle. Congressional
appropriations were made in the last half of the year and
early in 1951 to finance increased aid to this strife-torn area.
Grants to Japan are provided by the United States Government through the Army, as civilian supplies to occupied
areas. With the continuing postwar recovery of Japan,
grants to that country declined in 1950 to about $0.2
billion,
approximately half of the 1949 figure ($0.5 billion).2 Grants
to Japan include, in addition to basic civilian foodstuffs, raw
materials for economic recovery.
Philippine rehabilitation program concludes
The Philippines, in addition to participating in the Far
East military-assistance program, receives grant aid under
the Philippine Rehabilitation Act of 1946. This act established a 4-year program for rehabilitation, approaching
1
Definitive information on these transfers is not available and data are thus not included
in 2tables 1 and 2.
Data included in tables 1 and 2 for civilian-supply grants to Japan are known not to
include certain cash grants furnished to Japan by the United States Army. In some quarters
of 1950 this understatement in reports is known to be as much as $25 million.
March 1951
SURVEY OF CURRENT BUSINESS
$650 million. The peak of United States Government
grants to the Philippines occurred in the middle of 1949;
aid for that year exceeded $200 million. Grants in 1950
were considerably reduced, though the payment in the
fourth quarter of almost $65 million in settlement of wardamage claims brought the actual aid for the year up to
$166 million. The Philippine War Damage Commission is
to cease operations before April 30, 1951, after fulfilling the
grant program which provided for the payment of $400
million for war damage to private property and $57 million
for damage to public property in the Philippines. Less than
$5 million of the programmed funds remained available for
payment of claims in 1951.
Other rehabilitation grant aid to the Philippines—comprised mostly of technical assistance to the Philippine
Government in the restoration and improvement of public
services—continued throughout 1949 and 1950 at a nominal
rate.
Point Four aid begins in 1950
As is noted in a preceding section, the Point Four program
represents an important phase of the United States foreigneconomic policy. Technical assistance has been cooperatively provided to the American Republics for many years
by the Institute of Inter-American Affairs and to several
other countries since 1948 under the information and
educational exchange program of the State Department.
These previous technical-assistance programs are now integrated into the Point Four program.
The special programs to cooperate with Mexico in the
eradication of foot-and-mouth disease in that country and
to assist Chinese students receiving an education in the
United States are also among the technical-assistance
programs included in the data in table 1.
The most significant of the technical-assistance grants
provided by the United States Government in 1950 was the
payment of $4 million to the United Nations in September
as part of the United States share in the program for technical assistance in which this international organization is
engaging.
Net credit aid continued relatively small
The outstanding principal indebtedness of foreign countries to the United States Government increased by only
$52 million during the last 6 months of 1950 to reach $10,006
million on December 31, 1950. This increase in outstandings, representing net foreign aid on a credit basis, is the
excess of loan disbursements and other credit utilizations
over repayments of principal.3
The indebtedness to this Government was distributed as
follows:
Millions of
dollars
ERP countries and participating dependents
* Other Europe
American Republics
India
China
Philippines
Israel
United Nations
All other
8, 424
478
420
172
165
100
48
44
155
In the ERP area the larger debtors were the United Kingdom
which owed $4,798 million, France $2,031 million, Netherijtands-Indonesia $480 million, Italy $356 million, and
Belgium-Luxembourg $174 million. In the other European
area the larger debtors were the U. S. S. R. with $223 million
and Finland with $119 million.
3
This is exclusive of accrued interest and also exclusive of indebtedness arising from World
War I. World-War I indebtedness amounted to $16,276 million on December 31, 1950, of
which $4,842 million represented interest which was due and unpaid.
15
Gross credit aid declined
Loan disbursements and other credit utilizations of $201
million in the last 6 months of 1950 were $49 million less
than in the first 6 months of the year but approximately
$44 million more than in the last half of the previous year.
This, however, was a considerable decline from the $532
million disbursed in the January-June 1949 period.
The utilization in the last half of 1950 represented primarily $81 million of EIB credits, $77 million of EGA credits,
$7 million to the United Nations, and the $35-million
funding of the Philippine debt. Of the EGA credit utilizations, $69 million was on credits through EIB and $8 million
on deficiency-material projects which are handled directly
.by EGA.
On September 6, 1950, Congress authorized EGA to make
a $62K-million loan to Spain; in February 1951 it was announced that four separate credits totaling $12.2 million
had been established. Aside from the loan to Spain, as of
December 31, 1950, only $6 million of EGA credit authority
from public-debt funds remained to be committed. Of the
credits committed by EGA through EIB, only $61 million
remained to be utilized.
Advances of $8 million in the 6 months ended December
31, 1950, on EGA deficiency-material projects were double
the advances in the previous half year. These advances,
from appropriated dollar funds and from United States
Government-owned counterpart funds, are to be repaid in
deficiency materials. As of December 31, 1950, there remained approximately $27 million to be advanced by EGA
on deficiency-material loan agreements already signed.
Additional agreements were signed in January and February
1951.
Export-Import Bank credits predominate
In 1950, Export-Import Bank disbursements were larger
than any other type of credit utilizations and were larger than
EIB disbursements in 1949. Of the $81 million disbursed
by EIB in the 6 months ended December 31, 1950, $34
million was to the American Republics, $24 million to Yugoslavia, and $16 million to Israel.
. Several new credit authorizations were made by EIB in
the last half of 1950. In August the Bank committed $150
million of its funds for the establishment of credits to Mexico.
As of the end of the year $31 million of this commitment had
been authorized for credits to assist in financing the Mexican
irrigation program. In November a credit agreement was
executed which established a line of credit of $125 million
to facilitate liquidation by Argentina of commercial dollar
obligations due and unpaid as of May 15, 1950.
The Bank authorized an additional credit to Israel in
December of $35 million for agricultural development. This
brings to a total of $135 million the credits authorized by
EIB for Israel, of which $70 million have been allocated for
agricultural development and production. By the end of
1950 the Export-Import Bank had authorized credits of
slightly over $52 million under the commitment made in
February 1950 of $100 million in credits for Indonesia. As
of December 31, 1950, no disbursements had been made
under these four new credits.
On December 31, 1950, total undisbursed credit commitments of EIB were close to $750 million. The uncommitted
lending authority of the Bank is close to $500 million. The
Budget Message of the President in January 1951 recommended an increase in lending authority of $1.0 billion from
the present limit of $3.5 billion, following a similar recommendation in the Gray report.
(Text continued on p. 18; summary tables appear on pp. 16-17.)
SURVEY OF CURRENT BUSINESS
16
March 1951
Table 1.—Summary of Foreign Aid (Grants and Credits), by Program: July 1, 1945, Through December 31, 1950
[Millions of dollars]
Program
Total
postwar
period
Before
European Recovery
Program
period
During European Recovery Program period
1949
1948
Apr.Dec.
Total
Apr.June
Jan.Mar.
Total
1950
JulySept.
Oct.Dec.
Jan.Mar.
Total
JulySept.
Apr.June
Oct.Dec.
Gross Foreign Aid 1
30, 194
15, 495
14, 699
4,138
6,052
1,724
1,687
1,485
1,157
4,509
1,156
1, 234
952
1,166
Grants utilized
Less: Credit-agreement offsets to grants.
Credits utilized
Less: Returns
20, 802
1,256
10, 648
2,400
8,061
1,253
8,687
1,022
12, 740
3
1,962
1,378
3,320
1
819
420
5, 360
(2)
692
483
1, 355
1,524
(2)
163
74
1,409
1,073
1,023
1,056
84
111
133
101
1,119
2
117
161
862
75
206
4,060
2
451
475
91
106
110
106
Reverse grants and returns on grants
Principal collected on credits
Equals : Net Foreign Aid
946
1,454
+27, 793
499
523
+14, 473
51
447
931
369
+13,321 +3, 718
243
240
+5,569
16
17
58
75
+1, 631 +1, 612
151
55
+1, 279
58
53
+1, 046
153
322
+4, 034
41
60
+1, 055
49
113
+1,073
36
70
+847
27
79
+1,060
Net grants
Net credits
Grants Utilized
+18, 600
+9, 194
20, 802
+6, 309
+8, 163
8,061
+12,290 +3, 268
+1, 030
+450
3,320
12, 740
+5, 118
+451
5,360
+1,338 +1, 507
+105
+294
1,524
1,355
+1, 258
+21
1,409
+1,015
+32
1,073
+3, 905
+129
4,060
+982
+73
1,023
+1, 068
+4
1,119
+826
+21
862
+1, 029
+31
1, 056
7,884
4,710
3,443
619
2,360
3,172
130
(3)
850
103
548
85
589
52
27
34
66
24
8
16
140
8
1
305
European recovery
Civilian supplies
UNRRA, post-UNRRA, and interim aid__
Philippine rehabilitation
_ __
Korea and Far East (general area of China)
aid
Lend-lease
Mutual-defense assistance
Greek-Turkish aid
_ ___
Chinese stabilization and militarv aid
Technical assistance and inter- American
aid
Other
Reverse Grants and Returns on Grants
Counterpart funds
Jieverse lend-lease
Return of lend-lease ships
\Var-account cash settlements
Credits Utilized
_
_
Special British loan
Export -Import Bank
Direct loans
- _Loans through agent banks
European recovery
Surplus property (including merchant
ships)
Credit-agreement offsets to grants
Lend-lease (excluding settlement credits),Other _Principal Collected on Credits
Export-Import Bank
Direct loans_. _
__
__
Loans through agent banks
Surplus property (including merchant
ships)
Credit-agreement offsets to grantsLend-lease (excluding settlement credits) _.
Other -_.
369
92
7,884
2, 351
271
488
1,397
1,012
270
119
3,729
985
1
203
906
260
2
53
1,118
213
(3)
44
940
324
(3)
59
766
188
(3)
47
2,758
353
(3)
166
770
113
(3)
39
96
(2)
92
39
44
6
4
75
28
165
120
264
(2)
516
491
120
258
72
172
44
52
13
43
18
41
8
35
5
516
61
5
5
34
2
137
365
946
66
80
499
71
285
447
14
83
51
30
104
243
7
24
17
8
36
16
8
24
151
8
20
58
27
99
153
8
24
41
6
31
49
9
30
36
5
14
27
396
133
297
120
10, 648
396
1
48
3
1,962
22
1
26
3
819
230
12
133
250
117
8,687
151
50
144
41
40
36
27
13
6
7
9
692
369
163
75
84
451
133
117
91
110
3,750
2,733
2, 582
150
1,068
3,750
2,087
1,942
145
645
261
284
640
5 * Cr. 23
1,068
476
185
163
21
428
61
50
11
281
46
42
4
98
36
35
1
18
41
36
5
32
200
193
60
50
10
56
59
58
1
30
37
40
* Cr. 3
49
28
20
8
264
1,968
516
656
240
1.968
16
(2)
(2)
2
1,234
1,253
63
299
106
3
6
134
77
1
1
3
47
1
5
11
2
20
1,454
523
931
369
240
75
58
55
720
556
163
196
149
48
523
408
116
220
189
31
144
100
43
55
43
12
26
21
5
144
25
26
540
29
10
9
279
115
15
17
261
29
6
5
108
44
2
6
46
(2)
1
Assistance in cash or in goods and services provided to foreign countries, directly or through
international organizations, without an immediate equivalent return, comprises foreign aid
as the term is used in this article. On the one hand, the assistance may be rendered with a
contractual or other agreement that there will be repayment over an extended period of time;
this type of assistance is classified as a credit. On the other hand, the assistance may take
the form of an outright gift for which no payment is expected, or which at most involves an
obligation on the part of the receiver to extend reciprocal aid to the United States or other
countries to achieve a common objective; in all such cases the aid is considered a grant. If
the obligation to repay is subject to being established in a future settlement, the aid is also
considered a grant. In the latter instance, when an agreement has been reached as to repay-
(2)
9
1
10
(22)
()
(2)
15
6
11
()
163
()
()
2
9
2
2
1,339
1,256
69
433
66
12
(3)
2
()
44
44
28
2
()
11
2
1
84
1
17
4
38
53
322
60
113
70
79
40
26
14
22
11
11
160
118
41
40
30
10
32
15
17
39
27
12
49
47
2
7
12
1
42
7
6
107
10
1
12
3
1
65
11
3
5
11
(22) .
()
(2)
18
(2)
10
(2)
2
26
(2)
(22)
()
9
21
ment over a period of time a credit is established, but no aid is considered as haying been
given at that time. Because such credits cannot, as a rule, be deducted from specific grants
they are included in both categories. The amounts of such credit-agreement offsets to grants
are therefore deducted from the total of grants and credits in arriving at gross foreign aid.
23 Less than $500,000.
Negative entry of less than $500,000 results from refunds of cash aid.
* Negative entry results from excess of EIB repurchases from agent banks over agent bank
disbursements.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 2.—Summary of Foreign Aid (Grants and Credits), by Major Country: July 1, 1945, Through December 31, 1950
[Millions of dollars]
During E uropean Recovery Program period
Major country
Gross Foreign Aid (grants and credits) 1
Less: Returns
_
__
___ Equals: Net Foreign Aid
Net grants
Net credits
ERP countries and participating dependent areas:
Gross foreign aid
Less: Returns
_
_ _ _ _ _ _ _ _ _ _ _
Equals: Net foreign aid
Net grants
__ _ _
Net credits
See footnotes at end of table.
Before
Total European
postwar Recovery
period Program
period
30, 194
2,400
+27, 793
+18, 600
+9, 194
15, 495
1,022
+14,473
+6, 309
+8, 163
21,619
1,338
+20, 281
+12, 272
+8, 008
10, 048
553
+9, 495
+2, 413
+7, 081
Total
1948
Apr.Dec.
1949
Jan.Mar.
Apr.June
1950
JulySept.
Apr.June
JulySept.
6,052
14, 699
4,138
1,724
1,687
1,485
1,157
4,509
1,156
1,234
74
92
206
1,378
420
483
111
161
101
475
+13,321 +3,718 +5,569 +1,631 +1,612 +1,279 +1,046 +4, 034 +1,055 +1,073
+ 12,290 +3,268 +5, 118 +1,338 +1,507 +1, 258 +1,015 +3, 905 +982 +1, 068
+1,030
+450
+451
+294
+105
+32
+129
+73
+21
+4
952
106
+847
+826
+21
1,166
106
+l,060t
+1,029
+31
11,571 3,138 4,828
1,351
1,390
144
785
34
331
47
+10, 786 +2, 994 +4, 497 +1,343 +1,317
+9, 859 +2, 477 +4, 107 +1,064 +1, 222
+927
+279
+95
+517
+390
111
70
+707
+691
+15
917
92
+825
+862
-37
Total
1,155
175
+980
+979
+2
Oct.Dee.
Total
932
3,605
75
310
+857 +3, 295
+842 +3, 275
+20
+15
Jan.Mar.
911
79
+832
+811
+21
1,000
69
+931
+911
+20
Oct.Dec.
SURVEY OF CUEEENT BUSINESS
March 1951
17
Table 2.—Summary of Foreign Aid (Grants and Credits), by Major Country: July 1, 1945, Through December 31, 1950—Continued
[Millions of dollars]
Major country
Before
Total European
postwar Recovery
period Program
period
During European Recovery Program period
Total
ERP countries and participating dependent areas —continued
Belgium — Luxembourg :
722
222
Gross foreign a i d _ _ _ _ _ _
_ _ _ _ _
500
35
39
Less: Returns
5
+465
+683
Equals: Net foreign aid _
+217
+509
+448
Net grants
+61
+174
Net credits
+17
+157
British Commonwealth: United Kingdom:
2,534
6,713
Gross foreign aid
4,179
703
Less: Returns
453
250
Equals: Net foreign aid _
+2, 284
+6, 010
+3, 726
+1, 523
Net grants
-555
+2, 078
Net credits
_
+4, 487
+4, 281
+206
France:
4,099
Gross foreign aid _ _ _
2,119
1,980
Less: Returns
154
190
36
Equals: Net foreign aid
+2,084
+1, 826
+3,910
+1, 873
Net grants
+203
+1, 670
Net credits
+2, 037
+1, 881
+156
Germany:
Gross foreign aid
992
2,190
3,181
72
88
Less: Returns _
16
+3,
093
+2, 117
Equals: Net foreign aid
+975
Net grants
__
+883
+2, 143
+3, 026
+92
Net credits
-25
+67
Greece:
Gross foreign aid
1,238
583
655
Less: Returns
40
5
35
Equals: Net foreign aid
+578
+620
+1, 198
Net grants
__ _ _
+1, 100
+474
+626
Net credits
+99
+105
-6
Italy:
Gross foreign aid
2,136
1,099
1,037
Less: Returns _ _ _.
90
17
73
+964
+2, 046
Equals: Net foreign aid
+1, 081
Net grants.. _ _ .
_ _
+860
+829
+1, 689
Net credits
+356
+221
+135
Netherlands: 5
Gross foreign aid
1,022
724
298
Less: Returns _ _ _ _ _ _
92
14
78
Equals: Net foreign aid
+930
+284
+646
Net grants
+549
+530
+19
Net credits
+381
+265
+116
Turkey:
Gross foreign aid
268
29
240
Less: Returns
_
21
6
15
Equals: Net foreign aid
+248
+23
+225
Net grants
+166
+157
+9
Net credits
+82
+13
+68
Other ERP countries: 6
Gross foreign aid
2,238
527
1,711
Less: Returns
_. _ _
1
74
72
Equals: Net foreign aid
+2, 164
+526
+1, 638
Net grants
....
+1, 837
+459
+1, 378
Net credits
+327
+67
+260
Other Europe:
Gross foreign aid
1,623
1,547
76
Less: Returns
_ _ _
84
25
59
Equals: Net foreign aid
+1, 539
+1, 522
+17
Net grants
+1, 088
+1, 106
-19
Net credits.
+450
+416
+35
American Republics:
Gross foreign aid560
301
259
Less: Returns
_ _ _ _ _ _ _ _
206
72
133
Equals: Net foreign aid
+354
+229
+125
Net grants
_ _
+74
+135
+62
Net credits+219
+155
+63
China- Taiwan (Formosa):
Gross foreign aid _
1,799
1,466
333
Less: Returns
__
117
56
60
Equals: Net foreign aid+1, 683
+1, 410
+273
Net grants
+314
+1, 253
+1, 567
Net credits
-41
+116
+157
Japan:
Gross foreign aid
1,024
982
2,007
Less: Returns
136
151
287
Equals: Net foreign aid
+874
+846
+1, 720
Net grants
_ _ _ _ _ _
+1, 706
+779
+927
Net credits
-54
+14
+67
Korea:
Gross foreign aid_ _ ___
_
_ _
154
212
366
Less: Returns
12
12
Equals: N e t foreign aid__ _ _ _ _
___
+354
+154
+200
Net grants
+197
+333
+136
Net credits
+21
+18
+4
Philippines:
Gross foreign aid __ __
769
526
243
Less: Returns
14
13
1
Equals: Net foreign aid__
+755
+231
+525
N e t grants _ _ _ _ _
___ _ _
+655
+488
+166
Net credits
+64
+36
+100
All other countries: 8 8
Gross foreign aid
1,458
755
703
Less: Returns
341
174
167
Equals: Net foreign aid_
+1,116
+589
+528
Net grants
+384
+851
+467
Net credits
+265
+205
+61
1
See footnote 1 to table 1.
2 Net (+) of less than $500,000.
3 Less than $500,000.
45 Net (-) of less than $500,000.
Gross foreign aid, net foreign aid, and net credits for Netherlands include $17.2 million
ERP credits to Netherlands on behalf of Indonesia (5.8 million in April-December 1948;
$9.2 million in January-March 1949; $1.2 million in October-December 1949; and $1.0 million
931674°—51
3
1948
Apr.Dec.
56
7
+49
+56
—7
1950
1949
Total
Jan.Mar.
Apr.June
JulySept.
253
13
+240
+202
+38
51
4
+48
+51
93
5
+88
+42
+46
52
3
+49
+52
-3
57
1
+56
+57
717
1,107
98
70
+647 +1, 009
+446
+976
+33
+201
290
18
+271
+201
+70
307
14
+293
+304
-11
272
29
+243
+250
-7
608
14
+594
+451
+144
858
91
+767
+738
+29
267
14
+253
+213
+40
266
2
+264
+263
+2
752
25
+727
+752
-25
952
28
+924
+924
272
(3)
+272
+272
258
3
+255
+255
(4)
245
18
+227
+231
-4
290
17
+274
+205
+68
Oct.Dec.
Total
Jan.Mar.
191
15
+176
+190
-14
52
3
+49
+52
238
37
+202
+220
-19
710
82
+628
+656
-28
173
66
+107
+118
-11
152
9
+143
+145
-2
231
(3)
+230
+230
263
23
+240
+240
75
3
+72
+75
-3
59
2
+57
+58
—1
457
20
+437
+375
+62
169
4
+165
+127
+38
146
128
2
+126
+73
+53
320
24
+297
+203
+93
71
2
+68
+60
+9
Apr.June
JulySept.
Oct.Dec.
49
7
+43
+49
6
54
3
+50
+53
-3
35
2
+34
+35
-1
214
20
+194
+193
+1
229
20
+209
+221
-12
135
19
+116
+114
+2
132
23
+109
+128
-19
514
50
+464
+481
-17
153
18
+135
+143
-9
140
7
+133
+133
(2)
94
15
+79
+85
-6
126
9
+118
+119
-2
186
4
+182
+182
485
18
+466
+467
(4)
140
4
+136
+136
134
8
+126
+126
(4)
100
2
+98
+98
111
4
+107
+107
62
9
+53
+53
(4)
50
5
+45
+45
-1
152
14
+138
+140
-2
52
3
+49
+49
-1
39
3
+36
+36
(4)
29
4
+25
+25
(4)
+29
+29
(4)
+139
+131
+8
82
6
+76
+67
+8
60
3
+57
+50
+8
290
36
+254
+249
+5
77
14
+64
+69
-5
100
6
+94
+82
+11
75
10
+65
+65
(2)
38
5
+33
+34
92
2
+90
+10
+80
70
1
+69
+54
+15
118
13
+105
+106
-2
40
8
+33
+33
(4)
276
52
+224
+253
-29
68
3
+65
+65
(2)
110
7
+103
+105
-2
57
8
+49
+50
(4)
41
35
+7
+35
-28
94
4
+90
+62
+28
15
1
+15
+11
+3
27
1
+27
+23
+4
23
1
+22
+18
+4
29
1
+27
+10
+17
75
8
+66
+34
+32
30
2
+28
+15
+14
17
3
+15
+12
+3
16
2
+14
+5
+8
10
1
+9
+3
+7
257
2
+254
+179
+75
542
35
+507
+396
+111
160
2
+158
+103
+54
152
2
+150
+118
+32
110
24
+86
+74
+12
120
8
+112
+100
+12
912
35
+877
+804
+73
124
11
+113
+89
+24
182
7
+174
+147
+27
216
7
+210
+195
+15
390
10
+380
+372
+8
22
10
+12
-2
+14
13
32
-19
-8
-11
4
13
-9
(4)
-8
3
5
-2
4
1
+2
41
18
+23
7
2
+5
16
1
+14
+2
+32
+5
10
11
-2
—9
+7
9
3
+6
-2
2
12
-11
—7
-3
+6
+14
57
32
+25
+14
+11
107
44
+63
+30
+34
26
8
+18
+7
+11
30
17
+13
+8
+5
28
7
+21
+7
+13
23
11
+12
+7
+4
94
57
+37
+18
+19
32
9
+23
+7
+16
20
14
+6
+3
+3
24
25
-1
+4
-5
18
9
+3
+5
198
21
+177
+184
7
111
34
+77
+107
-30
50
21
+29
+49
-20
54
9
+45
+52
—7
11 7 Cr. 5
2
2
-7
+9
-6
+11
-1
25
6
+19
+24
9
(3)
+9
+9
(2)
4
2
+3
+4
-1
4
3
+1
+4
-3
7
1
+7
+7
-1
318
56
+262
+307
-44
505
25
+479
+457
+22
124
+124
+110
+14
114
3
+111
+104
+7
165
16
+149
+152
-3
102
5
+96
+91
+5
201
69
+132
+164
-32
69
5
+64
+53
+11
74
64
+10
+52
-43
34
1
+33
+34
(4)
24
(3)
+24
+24
(4)
73
81
7
+73
+73
27
1
+26
+26
23
3
+20
+20
14
1
+12
+12
17
2
+15
+15
59
5
+53
+57
—4
24
5
+19
+23
—4
20
5
W
+73
+20
+20
+5
+5
+10+10
121
1
+121
+119
+2
203
(3)
+203
+203
(4)
53
(3)
+53
+53
(4)
44
(3)
+44
+44
(4)
59
(3)
+59
+59
(4)
47
(3)
+47
+47
(4)
202
(3)
+201
+166
+35
+39
+40
(4)
27
(3)
+27
+27
(4)
34
(3)
+34
+34
(2)
3
(+101
)
-$
A
Ej
0
40
(3)
33:
4
101
+66
+35
211
204
67
49
49
40
287
68
80
66
73
157
1
2
7
3
2
10
1
2
4
3
+55
+196
+64
+47
+46
+38
+277
+67
+78
+63
+70
+104
+149
+29
+57
+26
+38
+44
+213
+59
+55
+55
-49
+46
+19
+64
+7
+8
+12
+23
+19
+8
+14
in January-March 1950). All other aid to Indonesia, including grants under the European
Recovery
Program,
is
included
in
"All
other
countries."
6
Includes data not allocable to specific areas.
7
Negative entry results from excess of refunds on Chinese account for aid diverted
(principally to Korea).
8
Includes data for international organizations and data not allocable to specific areas.
Source: U. S. Department of Commerce, Office of Business Economics.
18
SURVEY OF CURRENT BUSINESS
EIB provides emergency aid to Yugoslavia
In the last quarter of the year the Bank disbursed $2
million for capital equipment, machinery, and similar items
and $3.8 million for foodstuffs under the $15-million credit
authorized to Yugoslavia in August 1950. The latter action
was taken as a result of the urgency of extending immediate
relief aid to Yugoslavia pending congressional action on the
Yugoslav request for assistance to avert the effects of a disastrous crop failure.
Other steps taken to provide relief aid to Yugoslavia included advances of flour from Germany and Italy. The
appropriation of $50 million for grant aid to Yugoslavia,
approved December 29, 1950, includes amounts for further
ERP grant allotments to Germany and Italy in replacement
of these advances of flour. The United States Government
also authorized the inclusion of Yugoslavia into the Mutual
Defense Assistance Program as the recipient of foodstuffs
for its armed services.
Bell mission recommends Philippine debt funding
On November 6, 1950, the Treasury Department signed
an agreement with the Philippines, arranging for the funding
of the obligation to return to the United States Government
certain funds advanced in 1948 to pay claims which had
arisen as a result of the operations of the Army of the Philippines and guerrilla forces in World War II. The unexpended balance of these advances was by agreement to
revert to the United States Treasury no later than the
end of 1949.
The result of the funding agreement is to substitute an
obligation repayable in approximately 10 equal annual
installments beginning May 31, 1951 (including interest at
2% percent), for the idle peso deposits held by the Philippine
Government against its present dollar obligation to the
United States Government. The peso funds were released
to meet domestic obligations of the Philippine Government.
This follows the recommendations in the report of the
Economic Survey Mission to the Philippines, which was
headed by Daniel W. Bell.
Another recommendation in the Bell report was to fund the
Reconstruction Finance Corporation (RFC) loan of $60
million, now due in 1952 and 1953, over a period of 10 years.
The economic mission also recommended that the United
States Government provide financial assistance of $250
million through loans and grants, to help carry out a 5-year
program of economic development and technical assistance.
The mission recommended that this aid be strictly conditioned on steps being taken by the Philippine Government
to carry out other recommendations outlined for economic
improvements in the Philippines.
Collections on credits are increasing
Principal repaid to the United States Government in the
second 6 months of 1950 amounted to $149 million, $23
million less than in the first 6 months, but considerably more
than in either half of 1949. The larger amount in the first
half of 1950 was due entirely to the repayment in full of the
$54 million in credits extended during the 15 months ended
June 30, 1950, by the Army Department to Japan for the
purchase of raw cotton in the United States.
Interest received in the last 6 months of 1950 was approximately $61 million. This was $12 million more than was received in the first 6 months of the year, as is to be expected
because of the large number of interest-due dates falling on
July 1. Although interest collections in 1949 were smaller,
they followed the same pattern.
March 1951
Thus, combined principal and interest collections in 1950
amounted to $431 million, $94 million more than in 1949.
Scheduled collections in 1951 are approximately $485 million,
rising to $530 million in 1952 and then falling to $490 million
in 1953 and $460 million in 1954. This is based upon credit
agreements on outstanding indebtedness as of the end of 1950.
China and U. S. S. R. in arrears
During the September 1950 quarter the Maritime Administration declared the Nationalist Government of China to be
in default under the terms of the mortgage agreements covering the sale of 33 ships. During the last 6 months of 1950
four vessels were seized in continental United States as a
result of foreclosure action and one was taken by the United
States Army in Japan for smuggling. The notes on these
five vessels with an unpaid balance of $3.5 million plus
accrued interest of $0.2 million were canceled. Two vessels
have been lost and four have fallen into the hands of Communist China. Claims on these six vessels have been filed
against the insurance companies. On November 15, 1950,
the Maritime Administration gave Nationalist China until
February 15, 1951, to bring current all payments of principal
and interest. This Nationalist China did as of February 13,
1951, by selling four vessels in which their equity w^as larger
than the unpaid balance of the mortgage. There remain 18
vessels in active operation by Nationalist China and it is now
believed the payments on these can be met as they become
due.
The United States Government has asked the Soviet
Union to pay $800 million for the reimbursable portion of
wartime lend-lease. No payment has been asked for any
military supplies furnished the Soviet Union during World
War II. The $223 million now carried as the lend-lease
indebtedness of the U. S. S. R. represents total billings for
materials, services, and other lend-lease aid furnished prior
to March 31, 1947, under the lend-lease pipe-line.agreement
of October 15, 1945. The Soviet Union is in arrears $6
million in interest on this indebtedness (principal payments
are scheduled to begin in 1954).
Payments in default or in arrears 90 days or more on all
United States Government credits totaled $26 million in
principal and $10 million in interest on December 31, 1950.
New expenditures authorized for foreign aid
The General Appropriation Act, 1951 and the Supplemental Appropriation Act, 1951 in September 1950 authorized new expenditures for foreign aid in excess of $8 billion.
Further, several provisions were enacted in 1950 allowing
the transfer as foreign aid of supplies and materials which
cost the Government additional hundreds of millions of
dollars.
At the end of 1950 there was available under existing legislative authority about $10 billion for financing foreign aid in
the form of grants and over $1% billion for financing foreign
credits. In the Budget for the fiscal year ending June 30,
1952, the President recommended new obligational authority
of $10.7 billion. Expenditures for fiscal year 1952 were there
estimated at $7 billion.
NOTE.—This article was prepared in the Clearing Office for Foreign Transactions, Office
of Business Economics, and is a summarization of data compiled and published in detail each
quarter by that office. These data constitute the basis for Government-aid transactions in
the compilations of the Balance of Payments Division, Office of Business Economics, which
are included in the preceding article. The major components of both series are identical
except for variations due (1) to the inclusion in the balance of payments for the last quarters
of preliminary estimates of transactions not yet included in the official reuorts which are the
basis of this article (see footnotes 1 and 2 to this article) and (2) the more current revision of
earlier-period data in this article which are not yet included in the balance of payments.
Moreover, slight variations in treatment of data occur. For example, this article includes in
Government transactions the loan disbursements of agent banks guaranteed by Export Import Bank, while these are considered as private transactions in the balance of payments,
and this article includes the funding in November 1950 of loans to the Philippines, which
appeared in short-term asset payments in the balance of payments in July 1948.
%
SUKVEY OF CUREENT BUSINESS
March 1951
19
Production and Employment Trends
(Continued from p. 5)
Chart 4.—Employees in All Manufacturing, Defense, and
Related Industries: Absolute and Percent Increase,
June-December 1950
Table 2.—Number and Percent Change in Production Workers in
Manufacturing, (Seasonally Adjusted
Industry
MILLIONS OF PERSONS
1.5
1.0
PERCENT
.5
10
20
30
Absolute
Percent
Prochange
change
duction
workers Janu- June- Janu- JuneDecem- uary- Decem- uary- Decem
ber
ber
1950
June
June
1950
1950
1950
1950
INDUSTRY
In thousands
ALL MANUFACTURING
12, 934
617
868
5.4
Durable goods
7,180
596
584
9.9
8.9
24
210
709
416
1,157
2
8
54
22
96
5
30
94
49
124
11.8
4.7
9.6
6.4
10.2
26.3
16.7
15.3
13.4
12.0
838
1,131
1,151
468
319
76
87
100
38
14
69
81
73
27
16
11.0
9.0
10.2
9.4
4.8
9.0
7.7
6.8
6.1
5.3
Ordnance and accessories
Instruments and related products
Electrical machinery
Miscellaneous manufacturing industries
Machinery (except electrical)
Fabricated metal products (except ordnance,
machinery, and transportation equipment) _ _ _ _ _
Primary metal industries
Transportation equipment
Stone, clay, and glass products
_ __
Furniture and fixtures
Lumber and wood products (except furniture).
_
DURABLE
GOODS
TOOLING AND
EQUIPMENT^
DEFENSE5
U.S.DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
Manufacturing _
757
99
16
15.4
2.2
_
5,754
21
284
.4
5.2
Rubber products _ _ _ _ _
Apparel and other finished textile products. _
Tobacco manufactures
Chemical and allied products
Paper and allied products
Products of petroleum and coal
_
Textile mill products
_
Leather and leather products
Food and kindred products
Printing, publishing, and allied industries. _.
218
1,051
80
513
424
192
1,239
380
1, 167
510
12
-56
-10
2
14
-3
-3
-5
63
7
19
75
5
31
25
11
65
17
26
10
6.4
-5.4
-11.8
.4
3.6
-1.6
-.3
-1.4
5.8
1.4
9.5
7.7
6.7
6.4
6.3
6.1
5.5
5.0
2.3
2.0
Nondurable goods
51-56
1
Includes metalworking machinery, general industrial machinery, miscellaneous machinery parts, iron and steel foundries, nonferrous foundries, and professional and scientific
instruments.
2
Includes ordnance and accessories, aircraft and parts, ship and boat building and repairs,
and U. S. navy yards.
Source of basic data: U. S. Department of Labor, Bureau of Labor Statistics.
direct defense employment at the present time; many other
industries are also engaged in part in defense production or in
defense-supporting activities.
As indicated above, the machinery industries have experienced rapid and continuous employment gains since last
June. As a group, these industries added 175 thousand
workers between June and December, an increase of almost
18 percent, about twice the rate of growth of the durable
group as a whole. While much of the expansion in employment of these industries after June is attributable to the rising
demands of the private economy, more recently an increasing
proportion of their employment has been devoted to the
production of goods for the military program.
7.2
Source: Board of Governors of the Federal Reserve System.
Further evidence of the relatively rapid recent growth of
direct munitions and tooling and equipment industries is
furnished by chart 3 which contrasts the rate.of growth of
selected metalworking industries during the first and last
halves of 1950. Employment in the aircraft and parts
industry increased by almost 34 percent in the last half of
1950, in contrast to a negligible rise during the preceding
6 months. Similarly, the rate of growth of the machinery
group was much greater in the second half of the year.
Employment in the household and service appliances and
automobile industries, however, remained virtually unchanged after advancing rapidly to new peaks during the
first 6 months.
Balance of International Payments—Fourth Quarter of 1950
(Continued from p. 11}
The outflow of funds to the United Kingdom which started
during the third quarter amounted to $65 million during
October. During November and December, however, about
$39 million of these funds were again withdrawn, possibly
for the payment of commodities imported from the sterling
area. On the other hand, our short-term assets in Canada
were reduced during October and November but replenished
in December. Likewise, there was a rising outflow of shortterm funds to Latin America during the quarter. A part
of the latter represented regular trade credits, which were
extended as former credits, were repaid and as exports to this
area increased. It appears, however, that there were also
speculative capital shifts, particularly to Mexico as a result
of rumors of an impending revaluation of the Mexican peso.
Thus, although the outflow of short-term capital to all
countries did not decline, it can, nevertheless, be assumed
that speculative movements lost importance during the
fourth quarter. The pressure on our gold supply and con
versely the inflationary forces abroad resulting from gold
or dollar imports were correspondingly diminished.
Interarea transfers indicate that the ERP countries as a
whole, for the first time in the postwar period, had net dollar
receipts from the rest of the world. This, however, was
almost entirely due to dollar transfers by the sterling area
to the United Kingdom. The continental European countries continued to have a dollar deficit with third countries
(other than the United States), which was met through United
States Government aid.
Both Canada and Latin America remained net recipients
of dollar funds from other areas, while the nonsterling
countries in Asia appear to have paid dollars to other
countries, presumably Europe.
The net dollar payments by the latter countries to third
areas represents a new link in the triangular movement of
funds which under normal conditions would be an important
step in the direction of a new equilibrium.
SUEVEY OF CURRENT BUSINESS
20
March 1951
New or Revised Statistical Series
Wholesale Price of Crude Petroleum, Oklahoma—Kansas, at Wells: Revised Series for Page S—35 1
[Dollars per barrel]
Month
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
January
February.
March
April __
May
June _ _
1.000
1.000
1. 000
1.000
1.000
1.000
1.075
1.100
1.100
1.100
1 100
1.100
1.100
.220
.220
1.220
.220
.220
1.220
1.220
1.220
1.220
1 220
1.220
.020
.020
.020
.020
.020
.020
.020
.020
.020
.020
.020
.020
.020
.020
.020
.070
.110
.170
1.170
1.170
1.170
1.170
1 170
1.170
1.170
1.170
1.170
1.170
1. 17C
1.170
1.170
1.170
1 170
1.170
1 170
1.170
1.170
1.170
1 170
1.170
1 170
1.170
1.170
1.170
1.170
1.270
1 270
1.270
1.620
1.620
1.800
1.870
1 870
1.870
2.570
2. 570
2.570
2.570
2. 570
2. 570
2.570
2.570
2 570
2.570
2 570
2. 570
July-..,,--,
August,
September
October
November
December
1.000
1.000
1.000
1.000
1.000
1.000
1.100
1.100
1.100
1.100
1.100
1.100
1.220
1.220
1.220
1.220
1.220
1.220
1.220
1.220
1.220
1.100
1.020
1.020
1.020
1.020
1.020
1.020
1.020
1.020
.020
.020
.020
1.020
1.020
1.020
.170
.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1.170
1/170
1.170
1.170
1.330
1.520
1.520
1.520
1.570
1.620
1.870
1.870
1.870
1.980
2.070
2.490
2.570
2.570
2.570
2.570
2.570
2.570
2. 570
2.570
2.570
2.570
2.570
2.570
1.000
1.098
1.211
1.178
1.020
1.020
1.119
1.170
1.170
1.170
1.170
1.367
1.900
2.570
2.570
Monthly average
_ __
i Compiled by the 17. /S. Department of Labor, Bureau of Labor Statistics.
Prices of crude petroleum (36°-36.9° gravity) replace the former series representing 33°-33.9° gravity.
Wholesale Price of Lubricating Oil, Midcontinent, f. o. b. Tulsa, Bright Stock:, Revised Series for Page S-35
l
[Dollars per gallon]
1935
Month
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
January
February
March
April
May
June
0.135
.138
.140
. 140
.141
.148
0.170
.170
.170
.174
.184
.185
0.175
.188
.198
.200
.200
.200
0.160
.160
.160
.152
.145
.143
0.142
.142
.142
.142
.142
.142
0.240
.240
.220
.210
.186
.166
0.131
.135
.135
.144
.159
.183
0.230
.230
.230
.230
.230
.230
0.230
.230
.230
.230
.230
.230
0.230
.230
.230
.230
.230
.230
0.230
.230
.230
.230
.230
.230
0.230
.230
.230
.230
.230
.230
0.270
.270
.275
.290
.290
.290
0.330
.330
.330
.330
.330
.330
0. 261
.22
.21
.19
.18
.17
July
-.
August
September
October
November
December
.150
.150
.154
.165
.170
.170
.185
.185
.184
.172
.170
.170
.195
.190
.178
.170
.170
.162
.142
.142
.142
.142
.142
.142
.142
.142
.161
.224
-.230
.230
.146
.139
.135
.135
.135
.134
.200
.211
.223
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.242
.250
.250
.250
.261
.290
.290
.290
.290
.310
.319
.330
.330
.323
.310
.310
.266
.17
.17
.17
.17
.17
.17
.150
.177
.186
.148
.165
.174
.184
.230
.230
.230
.230
.239
.290
.321
.18
__ _
Monthly average
i Compiled by the 17. £ Department of Labor, Bureau of Labor Statistics. Data exclude all fees and taxes and cover bulk lots of bright stock, conventional, 150-160 viscosity D, 0-10
pour point.
Wholesale Price of Distillate Fuel Oil, New York Harbor, No. 2 Fuel: Revised Series for Page S-35 1
[Dollars per gallon]
1935
Month
January
February
March _ _
_ . _
April
May.
__.
June ._
July
August
September
October
November
December
____
_- .
__ _ _ _ .
.
_ . _
.__ _
Monthly average
1936
1937
1938
1939
1940
1941
1942
0.052
1943
0.052
1944
0.052
0.048
.046
.042
.040
.040
.040
0.044
.046
.045
.045
.048
.052
0.051
.049
.047
.045
.042
.041
0.042
.040
.038
.038
.039
.038
0.051
.051
.052
.054
.052
.047
0.048
.047
.047
.044
.042
.042
.040
.040
.040
.040
.041
.042
.042
.042
.041
.042
.042
.044
.052
.052
.052
.052
.052
.052
.040
.042
.042
.042
.040
.040
.038
.040
.042
.045
.046
.048
.044
.043
.041
.041
.044
.048
.049
.051
-.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.042
.043
.050
.044
.041
.047
.048
.052
.052
.052
0.047
.043
.040
.044
.048
.049
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
1945
0.052
1946
1947
1948
1949
0.054
0.062
0.092
.057
.057
.057
.057
.057
.060
.063
.068
.068
.068
.094
.094
.094
.094
.094
0.091
.088
.084
.078
.074
.075
.052
.052
.052
.052
.052
.053
.057
.063
.063
.063
.061
.064
.068
.068
.068
.068
.075
.078
.094
.094
.094
.094
.093
.091
.075
.076
.084
.085
.080
.082
.052
.059
.068
.094
.081
.052
.052
.052
.052
.052
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Data exclude all fees and taxes and cover bulk lots, f. o. b. refineries or terminals.
Wholesale Price of Residual Fuel Oil, Oklahoma, No. 6 Fuel: New Series for Page S—35 1
[Dollars per gallon]
Month
January __
February
March.
April .
May
_
June
July
August
September
October
November
December
.__
Monthly average
1935
___
1936
1937
1938
1939
1940
1941
1942
1943
0.500
.500
.500
.500
.500
.500
0.462
.538
.550
.550
.550
.550
0.656
.762
.775
.750
.730
.700
0.510
.-,525
.494
.419
.380
.350
0.325
.350
.350
.350
.350
.350
0.498
.500
.500
.500
.500
.522
0.648
.650
.655
.700
.702
.755
0.900
.882
.850
.816
.800
.800
.500
.462
.450
.450
.450
.450
.550
.550
.550
.569
.585
.600
.700
.700
.700
.694
.610
.550
.375
.390
.350
.350
.350
312
370
.450
.450
.450
.450
450
.550
.550
.550
.550
.565
590
.800
.800
.800
.800
.878
900
.800
.800
.800
.800
.800
.800
( )
(2)
(2)
(2)
.480
.551
.695
.401
.394
.531
.757
.821
(2)
0.815
(22)
()
(2)
(2)
(2)
(2)
(2)
2
1944
(2)
(2)
(2)
(2)
(2)
(2)
(2)
0.970
.970
872
.900
900
(2)
1945
1947
1948
1949
0.900
.900
.900
.900
.900
.900
0.900
.900
.995
.110
.110
110
1.330
1.369
1.524
1.640
1.758
1 900
2. 500
2.500
2.500
2 500
2.500
2 500
1.350
1 150
1.100
900
.750
650
.900
.900
.900
900
.900
900
116
.233
.150
1 150
1.159
1 324
1 900
1.900
1.976
2 000
2.000
2 364
2 434
2.118
1.800
1 779
1. 586
1 428
600
800
.712
840
800
950
.900
1.105
1.805
2.179
888
1 Compiled by the 17. - . Department of Labor, Bureau of Labor Statistics. Data exclude all fees and taxes and cover Oklahoma (group 3), bulk lots.
No quotation.
2
1946
BUSINESS STATISTICS
WlontU.
JL HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume (price $1.25) contains monthly data for the years 1945 to 1948, and monthly averages for earlier years back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1945. Series added or revised since publication of the 1949 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical
data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers and dollar values refer to
adjustment of monthly figures for seasonal variation.
Data subsequent to January 1951 for selected series will be found in the Weekly Supplement to the SURVEY.
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCTf
Seasonally adjusted quarterly totals at annual rates:
National income, totaL
bil. of dol
Compensation of employees, total
do
Wages and salaries, totaL
do
Private
do
Military
..
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, total cT
do
Business and professionalcf
do
Farm
do
Rental income of persons _._.
do
Corporate profits and inventory valuation adjustment, total
_
bil. of dol
Corporate profits before tax, total
do
Corporate profits tax liability.
do _
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest.
do
216.9
142.3
135.2
114. 3
4.5
16.4
7.1
41.5
21.4
12.8
7.3
229.1
147.9
140.6
119.5
4.5
16.6
7.3
41.2
22.3
11.7
7.1
244.0
155 3
147.8
125 3
162. 7
155.1
130.3
7.4
45 5
24.6
13 5
7.4
7.6
46.3
24.3
14.4
7.6
28.1
29.2
13.2
16.0
— 1.0
5.0
35.0
37.4
16.5
20.9
—2 4
5.0
38.1
46.4
20.6
25.8
—8 3
5.0
— 8.5
5.1
Gross national product, total
do
Personal consumption expenditures, total do
Durable goods
__
do
Nondurable goods
do
Services
do
Gross private domestic investment
do
New construction
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil. of dol
Federal (less Government sales)
do
State and local
do
263 3
182.6
26.4
97.9
53.3
41.8
20.0
19.5
2.3
— 1.7
271 6
1"5 8
26.5
99 9
59.5
47 7
21. 5
21 8
4 4
—1 7
283 9
198. 9
34.0
104.5
60 4
47.8
23.0
26.3
—1 5
-3.3
300.3
195.8
30.0
104.3
61 5
60.2
22.9
26.1
11.2
-3.4
40.5
21 8
18 7
39.9
21 1
18.8
40.4
20 9
19 5
47.6
26.9
20 8
Personal income, total
Less: Personal tax and nontax payments
Equals* Disposable personal income
Personal saving§_ _
_
216 4
19.0
197 4
14.8
215. 1
19.5
195 6
9.8
do
do
do
do_
224
20
204
5
234.9
23.3
211.6
15.8
9
3
6
7
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol
Wage and salary receipts, total
do__.
Employer disbursements, total
do
Commodity-producing industries
do
Distributive industries __
do
Service industries. _
do
Government
do
Less employee contributions for social insurance
_
bil. of dol
Other labor income
do
Proprietors' and rental income
. do _ _
Personal interest income and dividends^ do
Total transfer payments. _
do _
Total nonagricultural income
.
do __
214.6
132.2
135.0
56.7
39.5
17.9
20.9
215.4
131.5
134.2
55.8
39.3
18.1
21.0
219.3
133.6
136.4
57.7
39.6
18.1
21.0
213.8
135.3
138.1
59.1
39.7
18.2
21.1
214.5
137.7
140.5
60.9
40.1
18.5
21.0
217.1
140. 2
143. 2
62.7
40.7
18.6
21.2
220.7
141.7
144. 5
63.3
40.9
18.7
21.6
225.4
145.5
148. 5
65.6
41.7
18.8
22.4
228.7
147.8
150.6
66.5
41.6
18.8
23.7
231. 1
150.7
153.8
68.6
41.9
19.2
24.1
232.9
152.1
155.1
69.1
41.9
19.3
24.8
' 241. 0
' 154. 3
' 157. 2
' 70.0
'42.4
'19.4
25.4
239.2
155. 2
158.7
70.1
42.9
19.7
26.0
2.8
3.0
43.5
17.5
18.4
2.7
3.0
41.0
17.7
22.2
2.8
3.3
40.2
18.0
24.2
2.8
3.3
39.8
18.2
17.2
2.8
3.4
41.5
17.8
14.1
3.0
3.4
42.3
17.8
13.4
2.8
3.4
45.5
17.8
12.3
3.0
3.4
46.1
18.4
12.0
2.8
3.4
45.0
21.1
11.4
3.1
3.4
45.7
19.2
12.1
3.0
3.4
46.2
19.4
11.8
2.9
3.4
'47.0
' 24. 7
11.6
3.5
3.5
49.2
18.8
12.5
195.2
199.0
203.7
198.7
198.4
200.7
202.7
207.3
211.2
212.7
213.9
r 221. 9
219.1
NEW PLANT AND EQUIPMENT
EXPENDITURES
AH industries, quarterly total
mil. of doL
3,700
4,330
4,690
i 5, 410
Manufacturing
do
1,520
1,860
2 050
i 2. 520
Mining. __ _ _
___ d o .
150
160
180
1200
Railroad
do
230
300
!320
280
Other transportation
do
80
90
120
i 140
Electric and gas utilities
do
650
760
820
!990
1
Commercial and miscellaneous
do
1,060
1,160
1,230
1, 240
r
!
Revised.
Estimates based on anticipated capital expenditures of business; those for 1951 are shown on p. 20 of the February 1951 SURVEY.
fRevised series. Quarterly estimates of national income, gross national product, and personal income and monthly estimates of personal income have been revised beginning 1946: see
pp. 28-35 of the July 1950 SURVEY for the revised figures,
cflncludes inventory valuation adjustment.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
September
October
November
Decem- January
ber
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments total J
mil. ofdoL
Farm marketings and CCC loans, total
do
Crops
-do
Livestock and products total
do
Dairy products
do
M!eat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:t
All commodities
1935-39=100-Crops
do
Livestock and products
_
do
Indexes of volume of farm marketings, unadjusted :J
All commodities
1935-39—100
Crops
do
Livestock and products
_ _
do
1,859
1,825
557
1,268
368
667
203
2, 356
2,343
1.058
1.285
351
701
214
2, 551
2,543
1,182
1, 361
323
792
229
2,913
2,906
1. 452
1.454
305
883
248
3,584
3,572
2, 038
1,534
301
950
268
3,277
3,261
1,781
1.480
268
155
352
275
195
335
353
371
339
383
414
359
437
509
384
538
715
405
104
59
139
117
61
159
120
77
153
143
144
142
154
170
142
167
194
147
201
259
158
183
188
195
200
198
212
216
191
197
203
209
207
221
224
204
201
138
173
119
236
190
184
202
210
205
147
176
133
243
201
197
208
221
222
158
175
150
251
198
194
207
232
226
162
175
155
258
197
192
208
238
231
166
178
160
262
206
202
218
237
228
161
174
155
265
202
199
207
249
236
177
192
170
279
212
212
212
253
245
179
' 196
170
283
210
219
209
179
168
147
202
242
224
179
160
150
201
210
182
180
157
151
201
214
189
1.-J7
207
154
222
226
204
209
221
160
238
262
249
212
229
160
232
277
268
214
229
162
234
272
262
221
242
172
223
287
273
223
239
175
229
284
'265
do
do
do
do
do
do
do
.do
do
do
do
175
143
249
419
108
96
116
149
95
183
92
176
143
250
424
118
109
124
146
107
144
86
177
162
250
428
115
97
128
148
128
148
83
178
168
253
434
110
101
115
150
159
145
90
180
177
255
443
101
94
106
157
199
144
98
184
202
258
451
104
100
107
164
226
146
122
182
219
259
453
99
87
107
178
223
141
191
198
237
265
458
119
106
128
191
217
134
254
201
217
279
465
123
109
133
192
173
152
276
r
do
do
do
do
-do
do
do
do
do
do
do
178
171
211
154
157
194
.178
144
355
154
162
179
172
205
124
166
195
179
144
357
159
154
179
173
207
146
172
197
173
138
350
152
167
182
175
206
174
174
203
174
139
348
154
152
- 181
173
216
175
169
213
175
140
347
157
168
185
178
222
177
169
221
173
132
348
161
176
172
166
229
176
150
222
165
123
361
134
160
191
181
238
176
161
236
189
155
366
172
204
194
184
243
178
172
244
191.
152
380
171
181
202
193
251
1°3
P3
' 250
197
162
374
180
170
do
do
do
do
do
do
125
133
69
96
154
80
113
118
65
38
155
81
139
148
108
149
152
83
138
147
83
143
155
87
147
148
97
131
160
140
155
155
96
136
168
155
149
148
68
109
171
158
163
162
97
142
177
170
168
167
92
144
184
171
169
170
102
151
184
161
159
165
84
138
184
124
do
183
180
187
190
195
199
196
209
211
216
2,254
2,238
1,099
1,139
290
676
165
1,614
1.596
581
1,015
276
574
156
1,674
1,642
478
1,164
315
639
200
1,594
1,544
436
1,108
313
579
202
337
385
301
240
203
268
247
167
307
232
153
' 292
154
168
143
109
92
123
112
72
142
179
177
do
189
188
do
_ do
do
-do
do
do
do
do
do
206
203
130
166
111
229
180
176
191
1,819
1,778
444
1,334
358
744
208
r
2.692
2, 672
1, 216
1. 456
282
827
329
v 2, 499
p 2, 470
?965
v 1,505
P324
?955
P215
484
608
391
402
426
384
P372
*>338
?397
172
192
157
149
146
151
P138
*>126
P148
220
215
'216
P214
229
' 226
227
»225
263
253
176
198
'261
266
253
*>263
*253
P155
276
870
319
INDUSTRIAL PRODUCTION
Federal Reserve Index
Unadjusted combined index
1935-39=100
Manufactures
Durable manufactures
_ _
Iron and steel
_ _
Lumber and products
Furniture
_
_
Lumber
Machinery
- ~_
Nonferrous metals and products
Fabricating
- _
Smelting and refining
Stone, clay, and glass products
do
Cement
_
_ _ _ . -do _
Clay products
do
Glass containers
do
Transportation equipment
do
Automobiles (incl. parts)
do ___
Nondurable manufactures
Alcoholic beverages
Chemical products
Industrial chemicals _
!___
Leather and products
Leather tanning
Shoes
Manufactured food products _ _ __
Dairy products
Meat packing
Processed fruits and vegetables
Paper and products
_
__
Paper and pulp
Petroleum and coal products
Coke _
Printing and publishing
Rubber products
_
Textiles and products
Cotton consumption_
Rayon deliveries
_ _
Wool textiles
Tobacco products
Minerals
Fuels _- _
_
Anthracite
Bituminous coal
Crude petroleum __
Metals
Adjusted, combined index cf
.. _
Manufactures
Durable manufactures
Lumber and products
__
Lumber
Nonferrous metals
Smelting and refining
Stone, clay, and glass products
Cement
Clay products _
Glass containers
Nondurable manufactures
Alcoholic beverages _
Chemical products
Leather and products
Leather tanning
_ _ _ _ __
Manufactured food products
Dairy products
__.
Meat packing
Processed fruits and vegetables
r
247
168
197
153
' 158
''194
140
321
188
227
229
221
'228
'231
219
P138
?320
J>226
»228
P220
232
231
182
249
'227
?222
'177
P172
r 271
'278
'250
'290
'257
?282
P242
201
205
232
488
115
107
121
175
132
158
197
195
283
493
111
111
110
164
103
184
'196
p 194
'286
'500
' 108
P286
P502
' 160
^150
190
' 134
165
' 303
223
225
217
240
249
177
269
' 291
'311
201
191
'253
178
182
'251
' 193
158
'381
164
174
211
247
189
193
103
109
99
203
' 108
?98
193
97
197
189
P210
'262
' 182
P276
180
253
'194
158
397
160
142
183
172
P242
P196
163
392
177
'152
P157
P169
' 178
P183
214
217
P219
163
80
143
93
97
151
P89
do
192
192
194
199
204
208
206
218
220
225
224
228
P229
do
do
do
do
do
do
do
do
do
209
144
132
180
191
190
207
158
206
207
150
138
190
202
192
211
157
207
211
156
145
200
208
188
192
158
201
222
159
150
198
207
200
218
158
222
231
158
149
197
208
203
210
160
223
237
155
144
207
219
210
214
161
234
235
151
140
202
208
212
208
161
244
247
165
151
212
212
212
214
167
215
251
166
150
216
209
215
206
'169
225
' 262
166
260
169
268
r 150
'155
'227
'221
227
214
' 175
P266
P174
^167
^226
P220
P234
179
169
248
108
95
161
148
154
142
180
159
247
115
102
161
149
151
136
181
175
247
116
98
165
154
160
152
180
169
252
110
101
164
153
157
148
181
172
256
101
95
164
150
144
150
184
184
261
105
102
164
153
147
158
181
206
263
101
91
167
152
151
147
195
248
269
120
108
168
150
155
134
194
203
271
124
111
167
148
168
142
196
182
277
115
164
do
do
do- _
do
_do__
do
do
do
do
223
217
229
214
168
262
162
'227
218
227
232
' 172
247
266
' 195
'207
'279
' 109
' 196
145
158
108
161
143
165
'147
'145
' 162
'173
208
'282
108
107
' 162
' 141
' 171
'138
v 186
?198
*>286
p 161
143 -
162
149
' Revised.
» Preliminary.
tData for 1947-49 were revised to incorporate changes in reports on production and sales of farm products. Revised figures for 1947 appear on p. 23 of the April 1950 SURVEY; those for
948-49, on p. 24 of the January 1951 issue.
cf Seasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.
SURVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-3
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Ad justed cf— Continued
M anuf actures— C ont inued
Nondurable manufactures— Continued
Paper and products
1935-39=100
Paper and pulp
do
Printing and publishing
_
do ...
Tobacco products
do
179
171
163
162
178
171
168
162
179
172
169
176
181
174
169
161
180
173
166
168
185
177
170
170
173
166
162
154
191
181
169
197
194
185
172
172
202
193
179
165
201
191
174
171
198
190
176
153
P210
130
117
118
118
144
119
140
98
145
125
151
130
144
124
159
136
'163
'141
166
'141
160
130
'157
126
pl63
p]25
Business sales (adjusted), totalf
bil. of dol
Manufacturing, total t
-do _
Durable-goods industries!
do
Nondurable-goods industries!
do
Wholesale trade, total.
_
_ _..
do _..
Durable-goods establishments
do
Nondurable-goods establishments _ _
do
Retail trade, total
do
Durable-goods stores
_ _.
do __.
Nondurable-goods stores
_._
_ do _ _ _
34.2
16.2
6.8
9.4
7.2
1.6
5.6
10.9
3.6
7.3
35.3
16.9
7.1
9.8
7.3
1.7
5.6
11.1
3.7
36.6
17.8
7.8
10.2
7.7
1.9
5.8
11.1
3.7
35.6
17.2
7.5
9.7
7.4
1.8
5.6
11.1
3.7
38.7
19.3
8.6
10.7
8.0
2.1
5.9
11.3
3.9
39.9
19.8
9.0
10.8
8.4
2.3
6.1
11.7
4.2
42.0
20.3
8.7
11.6
9.0
2.6
6.5
12.7
4.7
8.0
45.3
23.0
10.1
12. 9
9.6
2.9
6.7
12.7
4.7
8.0
42.1
21.2
9.4
11.8
8.9
2.6
6.3
12.1
4.4
7.7
41.8
21.2
9.7
11.6
8.8
2.5
6.3
11.8
4.2
7.6
41.3
21.1
9.7
11.4
8.8
2.4
6.4
11.4
3.7
7.7
42. 5
21.3
9.7
11.6
'9.0
2.5
'6.5
12.2
4.1
8.1
46.8
23.3
10.5
12.9
10.2
2.9
7.2
13.3
4.8
8.5
Business inventories, book value, end of month
(adjusted), totalf
bil. of dol
Manufacturing, totalf
do
Durable-goods industries!
do
Nondurable-goods industries!
do
Wholesale trade, total
__
do
Durable-goods establishments
do
Nondurable-goods establishments _
do
Retail trade, total
do
Durable-goods stores
do
Nondurable-goods stores _
_ _ d o __
52.0
29.0
13.4
15.6
9.0
3.0
6.0
14.0
5.4
8.6
51.8
29.0
13.5
15.5
9.0
3.0
6.0
13.8
5.2
8.6
52.5
29.1
13.5
15.6
9.1
3.0
6.1
14.3
5.3
9.0
52.9
29.4
13.7
15.7
9.4
3.1
6.3
14.1
5.3
8.9
53.6
29.7
13.8
15.9
9.5
3.2
6.3
14.4
5.4
9.0
54.2
30.0
13.9
16.1
9.5
3.3
6.2
14.7
5.6
9.1
53.2
29.8
13.9
15.9
9.3
3.2
6.1
14.1
5.1
9.0
54.5
29.9
13.9
16.0
9.6
3.0
6.5
15.1
5.5
9.6
56.4
30.7
14.1
16.7
9.9
3.1
6.8
15.8
5.8
10.0
58.7
31.8
14.4
17.3
10.2
3.3
6.9
16.7
6.5
10.2
60.3
33.0
'15.1
17.9
10.5
3.5
7.0
16.8
6.6
10.2
61.5
34.0
63.4
34.9
16.1
18.8
11.1
3.8
7.4
17.4
6.7
10.6
mil of dol
do
do
16, 005
6,664
9,341
16, 243
6,790
9,453
18, 531
8, 064
10, 467
17, 184
7,644
9,540
18, 649
8,413
10, 236
19, 426
9,007
10, 418
18, 682
7,951
10, 731
22, 802
9,929
12, 872
21, 514
9,536
11, 979
22, 832
10, 339
12, 493
' 21, 256 ' 21, 775
9,586
' 10, 004
r
'11,671
11, 771
23,037
10,217
12, 821
Value (adjusted), total __
do
Durable-goods industries, total
do
Iron, steel, and products
do
Nonferrous metals and products.-.
do
Electrical machinery and equipment do
Machinery, except electrical. _ _
do _
Motor vehicles and equipment
do
Transportation equipment, n. e.s.
do
Lumber and timber basic products
do
Furniture and finished lumber products^ do
Stone, clay, and glass products
do
Other durable-goods industries. _ _
do
16, 216
6,817
1,718
440
738
1,085
1,220
284
359
290
380
303
16, 877
7,103
1,801
461
745
1,115
1,211
350
408
310
393
308
17, 797
7, 643
1,851
464
832
1,254
1,362
297
472
369
405
335
17, 206
7,488
1,884
432
773
1, 223
1, 333
307
485
360
375
315
19, 309
8,605
2,126
523
878
1,352
1,600
319
570
401
480
356
19, 838
9,030
2,191
566
955
1,385
1,710
310
652
404
481
374
20. 269
8,670
2,178
558
924
1,374
1,459
315
603
409
469
382
22, 956
10, 060
2,471
606
1,129
1,554
1,716
410
695
485
540
454
21, 154
9,392
2,345
591
1,116
1,458
1,449
379
656
433
513
451
21, 246
9,671
2,414
599
1,131
1,512
1,547
401
673
437
542
415
r
23, 326
10, 461
2,689
585
1,254
1,863
1,648
454
506
450
585
428
do
do
do
do
do
do
do
do
do
do
do
do
do
9,399
2,637
390
271
926
804
242
485
600
1,104
1,436
265
240
9,774
2,772
393
263
956
835
273
495
654
1,130
1,479
273
250
10, 154
2,772
473
272
963
851
285
510
649
1,250
1,550
293
287
9,718
2, 753
471
246
896
753
264
468
582
1,189
1,565
288
244
10, 704
3,150
542
274
1,012
748
290
513
6Qf
1, 334
1,624
321
290
10, 809
3,136
582
277
1,062
663
317
538
602
1,383
1,668
350
231
11, 599
3,245
573
287
1,206
962
349
528
596
1,442
1,738
454
221
12, 896
3,257
649
299
1,544
1,256
381
633
615
1,667
1,859
457
280
11, 762
3,038
448
261
1,354
955
335
620
633
1,583
1,853
404
280
11, 574
2,972
434
271
1,293
976
324
656
581
1,550
1,834
405
278
' 11, 382
2,949
390
282
1,290
839
287
668
576
1,529
1,870
••397
304
r 11, 605
do
do
do
29, 270
13, 396
15, 874
29, 180
13, 493
15, 687
29, 188
13, 584
15, 604
29,232
13, 704
15, 528
29, 507
13, 883
15, 624
29, 814
13, 974
15, 840
29, 796
13, 928
15, 868
29,742
13, 847
15, 894
30, 418
14, 050
16, 368
31, 562
14, 386
17, 176
r
' 34, 163
' 15, 592
' 18, 571
35, 222
16, 083
19, 140
do
do ...
do
11, 261
6,549
11, 460
11, 226
6,588
11, 365
11, 156
6,676
11, 357
11, 049
6,778
11, 405
11,092
6,851
11, 564
11, 201
6,828
11, 785
11, 510
6,998
11, 287
11, 883
7,163
10, 696
12, 380
7,380
10, 658
13, 062
7,668
10, 833
T
13, 798 ' 14, 575
' 7, 770 ' 8, 040
' 11, 548
11, 336
15, 122
8,486
11, 615
Minerals
Metals
do. .
do
177
177
BUSINESS SALES AND INVENTORIES!
r
r
15.7
18.3
10.8
3.6
7.2
16.8
'6.6
10.1
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS!
Sales:
Value (unadjusted), total
Durable-goods industries
Nondurable-goods industries.
Nondurable-goods industries, total
Food and kindred products..
Beverages..
Tobacco manufactures.
Textile-mill products
Apparel and related products
Leather and products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products. _ _
Rubber products
Other nondurable-goods industries
Inventories, end of month :
Book value (unadjusted), total
Durable-goods industries
Nondurable-goods industries _
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
._
21, 112
9,730
2,448
610
1,108
1,544
1,501
402
683
449
566
419
r
32, 904
14, 997
17, 907
' 21, 304
9,700
2,550
f-627
1,058
1, 560
1,504
r422
'656
'405
' 512
'406
r
3, 198
'466
'268
' 1, 279
'814
'269
'668
'587
'1,512
' 1, 829
'442
'273
12, 866
3. 590
'483
324
1,354
991
350
718
670
1,716
1,852
338
Book value (adjusted), total
do
29, 035
28, 990
29, 073
29, 384
29, 659
29, 830
31, 770
30, 028
29, 858
30, 732
' 33, 007 ' 34, 016 34, 868
13, 422
Durable-goods industries, total.. __
do
13, 477
13, 500
13, 784
13, 667
13, 888
13,946
13, 858
14, 446
14, 072
' 15, 693
15, 119
16,112
Iron, steel, and products
do
2,975
2,955
2,961
3,012
3,056
3,140
3, 147
3,191
3,308
3,442
3, 228
3,404
3,493
956
960
Nonferrous metals and products ..
do
948
975
962
973
988
965
971
992
1,031
959
982
1,524
Electrical machinery and equipment. _ _ do
1,550
1,544
1,566
1,614
1,633
1,658
1,632
1,666
1,630
1,872
1, 751
1,939
Machinery, except electrical
do
3,124
3,145
3,166
3,197
3,208
3,225
3,208
3,368
3, 228
3,283
3, 519
3, 670
3,784
1,771
Motor vehicles and equipment
do
1,791
1, 832
1,781
1, 833
1,793
1,803
1,773
1,839
1,935
2,111
2,135
2,218
730
690
Transportation equipment, n. e. s
do
705
670
659
653
660
663
672
687
754
'838
931
Lumber and timber basic products __ do
585
590
562
556
569
588
576
550
572
560
583
'626
629
Furniture and finished lumber products. _ do
636
654
607
628
671
675
664
678
685
677
729
'762
787
522
Stone, clay, and glass products
do
523
532
541
536
542
538
534
541
530
550
'577
598
fiQ2
Other durable-goods industries
do
638
643
658
664
675
685
671
fifil
713
797
r 741
7nn
' Revised.
» Preliminary.
cfSee note marked "d"" on p. S-2.
§Tho term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm.
fRevised series. Data on manufacturers' sales, inventories, and new orders have been revised beginning 1946. Revisions for 1946-49 and appropriate explanations
ms appear on pp. 16-23 of
tde October 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER Sf —Continued
Inventories, end of month— Continued
Bcok value (adjusted)— Continued
Nondurable-goods industries, total- mil. of dol..
Food and kindred products
- -do ._
Beverages
_ do
Tobacco manufactures.. _ _
_ do_ _
Textile-mill products
. do
Apparel and related products
_ do. _
Leather and products
do
Paper and allied products
. do___
Printing and publishing
do
Chemicals and allied products
. do
Petroleum and coal products
do
Rubber products
do
Other nondurable-goods industries ._ do.
1,514
1,988
1,282
522
704
595
2,032
2,161
524
432
15, 513
2,851
1,013
1,480
2,010
1,282
501
701
581
2,022
2,123
526
424
15, 574
2,917
1,034
1, 475
2,042
1,338
509
703
582
1,978
2,049
532
416
15, 716
3,000
1,028
1,484
2,064
1,348
531
714
592
1,993
2,012
536
416
15, 874
3,061
1,012
1,490
2,148
1,328
546
706
587
2,014
2,018
540
422
16, 082
3,042
993
1,482
2,244
1,407
557
704
611
2,034
2,018
544
448
15, 942
2, 831
1,037
1,467
2,274
1,448
568
695
601
2,041
2,046
501
433
16, 000
2,820
1,048
1,562
2,285
1,455
573
671
593
2,043
2,050
483
416
16, 660
2,928
1,118
1,680
2,372
1,520
589
678
625
2,108
2,108
502
432
17, 324
3,113
1, 095
1,706
2,616
1,575
596
690
628
2.187
2,162
New orders, net (unadjusted), total
_ _ do. .
Durable-goods industries, total
do
Iron, steel, and products
._ _ _ do. _
Nonferrous metals and products
do
Electrical machinery and equipment- _. do_
Machinery, except electrical
do
Transportation
equipment, except motor
vehicles
mil. of dol
Other durable-goods industries
_ - do
Nondurable-goods industries
do
17, 032
7,479
1,892
469
793
1,211
16, 861
7,213
1,836
480
726
1,211
18, 810
8,508
2,173
488
946
1,392
17, 182
7,857
1,901
474
772
1,316
19, 097
8,514
2,178
531
884
1,410
20, 666
9,814
2,493
557
1,035
1,527
22, 223
10, 553
2,724
637
934
1,764
27, 323
13, 863
3,277
814
1,572
2,197
23, 760
11,500
2,989
683
1,423
1,948
24, 704
12,171
2,9^0
666
1,439
2,016
'r 22, 371 r 23, 053
10, 621 Ml, 143
2.638
' 3, 088
661
'551
1,257
' 1, 354
1, 935
' 2, 128
27, 724
13. 859
3,460
597
1,598
2,806
255
2,860
9,553
395
2,566
9,648
266
3,243
10, 302
333
3,060
9,325
232
3,279
10, 582
543
3,660
10, 852
1,102
3,392
11,670
1,600
4,404
13, 460
692
3, 765
12, 259
800
4,300
12, 534
483
r
3, 646
' 11, 750
'549
' 3, 473
11, 910
1,034
4,364
13, 865
Unfilled orders (unadjusted), total*
_ do
Durable-goods industries.. _ _ _
do_ _
Iron, steel, and products
do
Nonferrous metals and products ._ _ _ do. _
Electrical machinery and equipment
do
Machinery, except electrical
. __do _
Transportation
equipment, except motor
vehicles
mil. of dol
Other durable-goods industries
do
Nondurable-goods industries
do
20, 876
17, 581
5,111
419
2,131
2,852
21, 494
18, 005
5,252
456
2,129
2,995
21,773
18, 449
5,480
451
2,183
3,076
21, 770
18, 662
5,488
481
2,164
3,147
22, 218
18, 763
5,566
497
2,215
3,194
23, 458
19, 569
5,866
506
2,308
3,277
26, 998
22, 171
6,593
679
2,434
3,758
31, 519
26, 105
7,348
914
2,940
4,433
33, 764
28, 070
7,923
1,006
3,250
4,909
35, 636
29, 902
8,286
1,029
3,477
5,363
36, 728
30, 914
8. 540
1.031
3. 594
5,818
38, 006
' 32, 053
' 9, 071
'916
' 3, 766
' 6, 277
42, 693
35, 696
9,865
938
4,161
7,323
3,068
4,000
3,295
3,140
4,033
3,489
3,081
4,178
3,324
3,103
4,278
3,109
3,015
4,276
3,455
3,215
4,398
3,888
4,030
4,678
4,827
5,255
5,214
5,414
5,566
5,414
5,694
5, 971
5, 776
5. 734
6 068
5,864
5 814
15, 614
2,861
998
r>24
432
"17,887
3,190
1, 145
1,717
2, 768
1,647
608
699
651
2,267
2, 180
'564
452
' 18, 322
r 3, 300
' 1, 146
' 1, 718
' 2, 834
r
1,829
'fi05
'737
'656
'2,316
' 2, 146
577
'458
r
r
r
r
T
18, 757
3,424
1,167
1,682
3,034
1,792
649
780
683
2,364
2,094
484
6, 160
5, 8P3
5 953
6,758
6,651
6,997
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURN-OVER t
Operating businesses, total, end of quarter thous
Contract construction
do
Manufacturing
do
Service industries
do
Retail trade
do
Wholesale trade
do
All other
do
New businesses, quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
Discontinued businesses, quarterly total
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
Business transfers quarterly total
do
3, 968. 4
350.4
302.5
854.4
1, 685. 9
203.2
572.0
3, 986. 1
362.4
303.5
854. 4
1, 686. 2
203.9
575. 8
f 3, 998. 0
p 368. 2
p 304. 2
p854. 9
p 1,686.9
v 204. 8
P 579. 0
107.5
22.1
10.7
20.2
36.2
4.6
13.6
114.0
22.3
12.2
20.1
40.3
4.6
14.5
95.2
14.8
10.4
17.8
35.3
4.3
12.5
96.4
10.4
11.2
20.1
40.0
3.9
10.7
P83. 2
p 9. 0
P9. 7
f 17.4
P 34.6
P3 4
p9. 3
86.7
88.2
92.4
11.3
10.6 •
18.4
37.9
4.3
9.9
104.6
BUSINESS INCORPORATIONS
New incorporations (48 States) *
number
9,070
7,736
9,180
8, 375
9,216
8,861
7,191
7,201
6,277
6,782
6,256
6,780
8, 503
864
61
65
225
403
110
811
69
73
170
399
100
884
74
86
206
402
116
806
44
76
195
398
93
874
62
80
197
426
109
725
67
61
167
363
67
694
62
65
151
343
73
787
51
91
173
402
70
648
43
75
147
314
69
707
64
91
150
339
63
683
67
87
150
310
69
679
67
62
143
330
77
775
63
97
132
410
73
26, 436
1,829
1,884
10, 928
7,355
4,440
22, 156
1,875
1,824
7,905
6,386
4,166
27, 900
1,706
2,777
12, 241
7,859
3,317
21, 250
819
1,465
7,980
7,179
3,807
22, 672
1,474
2,129
7,470
8,650
2,949
18, 072
1,572
1,533
7,244
5,154
2,569
19, 538
1,495
1,619
8.533
5,251
2,640
18 448
2,077
1,233
7,225
5, 685
2,228
15 254
1,450
1,303
5,855
4,775
1,871
16 649
2,009
2,410
5,949
4,683
1,598
18 864
1,742
2,726
8 412
4,235
1,749
044
205
748
352
479
260
21 685
1 482
2 393
5 175
10 376
2 259
INDUSTRIAL AND COMMERCIAL
FAILURES
Failures, total d"_- _ 1
Commercial serviced
Construction
Manufacturing and mining
Retail trade
Wholesale trade
_
Liabilities, totalcf
Commercial serviced*
Construction
Manufacturing and mining
Retail trade
Wholesale trade
_
_
_
number
do ...
do
do
do
do
thous. of dol
do
__ do .
do
_ do
do
21
3
4
5
5
2
' Revised.
*> Preliminary.
fRevised series. See corresponding note on p. S-3.
*New series. For data on unfilled orders beginning 1946, see p. 22 of the October 1950 SURVEY. Data on new incorporations are compiled by Dun & Bradstreet, Inc.; they are available for
the 48 States beginning 1946, and for 47 States (excluding Louisiana) beginning July 1945; figures through 1948 are shown on p. 21 of the May 1950 SURVEY.
{The number of operating businesses has been revised to reflect revisions in the number of new businesses beginning with the fourth quarter of 1947 and in the number of discontinued
businesses
beginning with the fourth quarter of 1948. Revisions prior to the third quarter of 1949 will be shown later.
rf1 Data are from Dun & Bradstreet, Inc. Scattered monthly revisions for the indicated series are shown on p. S-4 of the February 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-5
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
235
219
218
170
382
222
185
261
228
249
286
254
158
237
215
219
171
389
231
186
203
228
257
306
250
155
237
215
224
174
389
236
193
168
230
258
308
243
165
241
225
227
181
389
242
206
205
239
256
312
235
161
247
223
230
190
387
246
195
178
248
269
342
230
154
247
225
218
190
388
251
207
182
254
268
342
227
156
263
236
226
195
387
278
211
200
267
287
371
232
173
267
239
224
193
399
311
200
164
293
292
369
240
191
272
243
221
194
428
336
217
126
303
298
372
248
196
268
238
219
188
426
327
207
138
300
296
358
261
201
276
250
224
192
428
346
194
188
351
299
357
267
209
286
258
233
202
436
339
202
211
366
311
360
272
249
300
275
240
214
442
347
192
324
374
323
391
286
203
238
238
237
237
238
237
239
239
239
240
239
240
244
242
246
245
243
247
247
245
249
248
248
249
252
252
251
253
254
251
255
256
254
257
257
257
262
260
264
248
248
250
251
254
255
256
258
260
261
263
265
272
95
9t5
95
96
97
97
103
103
105
103
105
108
110
All commodities (U. S. Department of Commerce
index)
1935-39=100.-
183.8
183.3
183.8
184.1
185.7
187.3
190.0
190.8
192.6
193.9
194.9
198.4
202. 3
Coal (U. S. Department of Labor indexes):
Anthracite
.
Oct. 1922-Sept. 1925=100
Bituminous
do
148. 5
164.1
148.5
164.5
149.3
166.2
154.2
165.6
147.2
160.9
147.4
160.2
150. 3
160.5
153.9
162 4
155.8
164.0
157.4
166.6
158.6
167.0
159.7
167. 3
160. 3
167.9
Consumers' price index (U. S. Dept. of Labor):©
AllitemsO
1935-39 = 100
Apparel
do
Food
do
Cereals and bakery products
do
Dairy oroducts - . _
do
Fruits and vegetables
do
Meats, poultry, andfish.
do
Fuel, electricity, and refrigeration.
_^do
Gas and electricity..
do
Other fuels
do
Housefurnishings
do
RentO
do
Miscellaneous
. _. _.do
' 168. 2
185. 0
196.0
169.0
184.2
204.8
219.4
140.0
96.7
193.1
184.
7
r
129. 4
155.1
••168.4
168.5
184.9
197.3
169.3
179.6
198.9
231.1
140.3
'97.0
192.8
185. 4
130.1
154.7
169. 3
184. 7
'r 199. 8
169. 8
r
178. 3
'r 202. 2
240. 2
' 138. 8
"96.9
r
187. 6
r
185. 0
r
130. 6
r
155. 1
170.2
184.6
203.1
169.8
177.8
209.3
246.5
139. 1
'96.8
189.0
184.8
130. 9
154.6
172. 0
184. 5
••208.2
r
171. 5
r
180. 7
P
211.5
r
255. 7
* 139. 4
'96.9
r
189. 9
r
186. 1
r
131.3
r
155. 2
173.4
185.7
209.9
175.5
184.3
193.4
260.7
140.2
'96.8
192.9
189.1
131.6
156.8
178. 8
195. 5
'r 216. 3
177. 7
'r 194. 0
203 9
r
253. 4
'r 142. 8
96.8
r
201 7
r
203.
2
r
132. 9
r
160. 6
181.5
198.5
221.9
185.4
202.6
214. 1
263.6
143.3
97.2
202.3
207.4
133.2
162.1
175. 3
180.0
168.9
187. 1
178.1
187. 4
180.9
204.9
172.3
173.0
192.5
185.0
194.0
186.6
222.2
176.7
Prices received, all farm productst§.--1910-14=100_.
Crops
do
Food grain
._ _
do_ _.
Feed grain and hay
do
Tobacco.
__ _ do
Cotton
do
Fruit
do
Truck crops
_ _
do .
Oil-bearing crops
do
Livestock and products __
do
Meat animals
do
Dairv products
do
Poultry and eggs
do
Prices paidif
All commodities
1910-14=100.Commodities used in living..
do
Commodities used in production __
do
All commodities, interest, taxes, and wage rates
1930-14=100..
Parity ratiof 9
.-
do
RETAIL PRICES
r
167. 9
' 184. 9
' 194. 9
r 169. 1
r
183. 6
199. 3
' 222. 0
r
r 140. 1
'96.9
192. 5
'r 185. 2
129. 7
r
155. 1
r
r
r
185. 1
196. 6
' 169. 1
r
182. 4
r
195. 1
r
229. 3
'r 140. 3
96.9
r
193. 1
r 185. 3
' 129. 8
•• 155. 0
r
r
r
r
r
r
T
r
'174. 6
189. 8
210. 0
' 176. 9
r
186. 9
r
186. 0
r
261. 0
'r 141. 2
96.9
r
196. 1
r
194.
2
r
131.8
r
157. 8
175. 6
r 193. 0
' 210. 6
' 177. 2
r
191. 9
r
189.8
»• 253. 3
'96.8
199. 2
198. 7
132. 0
158. 3
'r 192. 8
195. 7
r
250. 3
'r142. 5
96.8
••200.8
'201.1
T
132. 5
r
159. 2
r
r
r 142. 0
r
r
r
r
176. 4
194. 3
210. 8
r 177. 6
r
r
1
WHOLESALE PRICES^
U. S. Department of Labor indexesrt
All commodities
1926=100
Economic classes:
Manufactured products
do
Raw materials
do
Semimanufactured articles.
do
Farm products
do
Grains.
__ _ _ __
do
Livestock and poultry
do
Commodities other than farm products. .do
151.5
152.7
152.7
152.9
155.9
157.3
162.9
166.4
169.5
169.1
171.7
148.2
159.8
144.8
154.7
160.2
170.5
150.5
149.1
162.4
144.3
159.1
161.3
179.9
151.1
148.9
162.8
144.1
159.4
165.4
180.3
151.0
149.4
162.5
143.9
159.3
169.6
178.0
151.2
152.2
166.3
145.6
164.7
172.3
194.6
153.7
153.5
167.7
148.4
165.9
169.3
197.5
155.2
158.0
175.8
152.9
176.0
173. 5
215.8
159.8
161.2
179 1
159.2
177 6
167.7
217.3
163.7
164.0
181.8
165.7
180.4
166. 5
211.3
166.9
163.5
180.2
169.3
177.8
165.3
198.7
166.9
165.1
184.5
173.0
183.7
172.1
197.3
168.8
154.8
144.3
148.8
134.3
194.5
156.7
144.8
147.5
138.2
201.6
155.5
145.6
144.8
134.9
200.0
155.3
145.9
141.1
137.6
200.6
159.9
146.0
138. 0
139. 2
217.1
162.1
145.6
135.9
140.5
223.7
171.4
151.2
141.8
137.0
240.7
174.6
154.9
148.0
132.0
240.2
177.2
155.5
154.7
131.0
241.0
172.5
153.8
160.8
129.5
223.7
175.2
154.1
164.1
140.4
223.4
' 179. 0
157.7
164.4
137.8
233.7
182.3
163. 5
171.5
135.8
242.7
Commodities other than farm products and
foods
. 1926=100
Building materials
_
do
Brick and tile
do
Cement
do
Lumber
do
Paint and paint materials
do
145.8
191.6
163.5
134.8
287.5
139.0
145.9
192.8
163.2
134.9
292.1
139. 0
146.1
194.2
163.3
134 9
295.9
138.2
146.4
194.8
163.4
134 9
299.4
136.7
147.6
198.1
163 9
134 9
310.8
136.8
148.8
202.1
164 3
134 9
322.6
137.7
151.5
207.3
167.4
135.3
338.0
138.6
155.5
213.9
167 8
135 5
357.6
142.4
159.2
219.6
168.7
136.3
371.5
145.9
161.5
218.9
178.1
140.2
358.4
145.7
163.7
217.8
178.5
140.8
347.6
148.2
166.6
221.5
' 179. 9
141.2
348.4
155.3
170.2
225.6
181.5
147.1
354.9
162.1
Chemicals and allied products
do
Chemicals
do
Djrugs and pharmaceutical materials_do
Fertilizer materials .
do
Oils and fats _
do
115.7
114.7
121.5
117.4
122.7
115.2
114.7
121.4
116.9
120.9
116.3
115.4
121.9
117.3
125.6
117.1
116.4
122.0
117.4
127.5
116.4
116.5
122. 3
116.8
122.2
114.5
117.3
122.7
108.4
111.9
118.1
119.3
129.1
110.1
125.7
122.5
122.1
135.0
112.1
141 5
128.6
125.4
153.4
111.4
163.9
132.2
131.6
161.1
111.2
160.3
135.6
134.3
163.8
112.0
171.5
139.6
136.1
175. 1
115.6
180.9
144.5
138.1
184.6
117.3
200.4
Fuel and lighting materials
Electricity
Gas
Petroleum and products
do
do
do
do
131.4
68 9
85.0
109.4
131.3
69 6
87.4
109.4
131.5
67 9
88.3
108.6
131.2
67 8
86.8
109.5
132.1
66 6
87.2
112.6
132.7
67 0
87.3
113.9
133.4
67 0
88.3
115.5
134.4
65 5
88.1
116.8
135.1
65 6
89.0
117.8
135.4
65 2
88.9
118.0
135.6
65 5
90.5
118.1
135.6
136.4
118.0
119.4
do
do
do
do
179. 3
189.0
177.6
184.3
179.0
188.2
176.6
184.3
179.6
190.4
177.9
184.3
179.4
187.2
179.1
184.3
181.0
194.4
179.3
185.0
182.6
202.1
180.6
184.8
187.2
219.8
185.3
185.8
195.6
238.2
192.3
191 4
202.9
264.7
196.8
194.8
208.5
266.3
201.3
200.3
211.6
269.3
204.9
204.0
' 218. 8
277.5
213.8
r
209. 4
235.0
318.8
224.8
219.6
Foods. ._
Cereal products
Dairy products _
Fruits and vegetables
Meats, poultry, and
H ides and leather products
Hides and skins
Leather..
_
Shoes
do
do
do
do
do
fish
__
T
r
174.4
169.9
166.9
159.2
145.2
146.6
145. 5
Housefurnishing goods
do
145.8
153.9
163.8
146.9
144.7
148.7
185.5
180.2
168.1
154.1
154.2
156.2
152.2
151.8
152.6
Furnishings
__
do
151.5
162.8
173.7
176.6
162.7
159.2
156.7
139.4
138.4
149.9
138.9
144.6
153.5
138.6
Furniture.
do
137.8
138.8
141.0
r
Revised.
tRevised series. Beginning with the February 1950 SURVEY, data have been revised (effective back to 1910) to reflect changes prescribed in the Agricultural Acts of 1948 and 1949; revisions
for 1910-48 are shown on p. 36 of July 1950 SURVEY.
§February 1951 indexes: All farm products, 313; crops, 283; food grain, 254; feed grain and hay, 222; tobacco, 440; cotton, 351; fruit, 204; truck crops, 333; oil-bearing crops, 379; livestock
and products, 340; meat-animals, 425; dairy products, 285; poultry and eggs, 205.
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates'".
ORevised back to January 1950, using new sample of items and adjusted weights. The adjusted indexes have been linked to the "old series" at January 1950; that is, indexes originally published for January 1950 have not been changed (except for "rent" and "all items"). Revisions for rent prior to 1950 will be available later. The "all items" index for January
1951 on the old basis is 181.6. cf For actual wholesale prices of individual commodities, see respective commodities.
Jlndexes for the latest 2 months are preliminary and are currently revised to incorporate corrections received in the 2 months following. Any additional corrections received are incorporated
in final annual summaries issued in the middle of the year. Indexes for June-December 1949 were corrected in the August 1950 SURVEY and for June-December 1948 in the August 1949 issue.
indexes for January-May 1948 and 1949 are available upon request.
DigitizedCorrected
for FRASER
931674°—51
4
SURVEY OF CURRENT BUSINESS
3-6
March 1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
January
February
March
April
May
June
July
August
September
October
November
December
COMMODITY PRICES—Continued
WHOLESALE PRICESd"—Continued
U. S. Department of Labor indexes:]:— Continued
Commodities other than farm prod., etc. — Con.
Metals and metal products
1926=100
Iron and steel__
do
Nonferrous metals
do
Plumbing and heating
._
do
Textile products
Clothing
Cotton goods
_
Hosiery and underwear
Rayon and nylon__
Silk
Woolen and worsted goods
Miscellaneous
Tires and tubes
Paper and pulp
_ _
_ .
168.4
167.3
128.6
151.7
168.6
168.8
128.1
148.7
168.5
169. 0
127.2
151.9
168.7
168.9
128.9
154.7
169.7
168.5
136.3
156.4
171.9
169.4
148.4
156.3
172.4
169.8
150. 6
156.5
174.3
171.0
156.3
164.6
176.7
172.2
166.1
166.9
178.6
173. 2
173.3
177.2
180.4
174.0
181.7
182.5
' 184. 8
' 182. 1
182. 5
183.6
187.4
185.6
187.9
183.7
do
do
do_ _ _
do
do___
do
do
138.5
143.9
178.7
98.5
39.6
50.1
147.0
138.2
143.1
178. 4
98.6
39.9
50.1
147.2
137.3
143.5
176.5
98.0
39.9
49.1
146.3
136.4
144.2
172.8
97.7
39.9
49.1
146.1
136.1
143.8
172.0
97.7
39.9
49.3
146.2
136.8
143.8
173.8
97.7
39.9
49.3
148.3
142.6
144.3
190.7
99.2
40.7
60.3
150.9
149.5
145.2
206.8
101.2
41.3
65.6
157.7
158.3
146.7
221.6
105.3
41.7
64.9
178.7
163.1
147.7
225. 7
109.2
42.5
65.3
188.9
166. 7
151. 4
231.7
111.4
42.7
69.0
192.5
171.2
155.4
236. 1
113.7
43.0
75.0
195.3
178.3
161.6
239.1
115.2
43.1
87.6
217.4
do
do
do_ __
110.0
64.3
155.9
110.0
64.3
155.6
110.7
64.3
155.5
112.6
65.0
155.4
114.7
65.8
155.4
114.7
67.0
155.6
119. 0
68.7
159.9
124.3
75.0
163.9
127.4
77.4
167.1
131.3
78.1
173.4
137.6
82.3
178.7
140.5
'82.5
189.0
142.4
82.8
196.5
53.1
59.5
50.9
52.7
'59.6
51.2
52.7
'59.4
'50.8
52.6
'59.3
'50.6
51.6
'59.1
50.0
51.2
58.8
'49.2
49.4
'58.1
'48.0
48.3
'57.7
'47.6
47.5
' 57.3
'47.6
' 47.5
'56.9
'47.5
46.8
'56.7
'47.4
45.8
'55.9^
'46.?
44.7
55.1
45.1
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices.
Consumers' prices
Retail food prices
.
__
1935-39=100.do
_ _ do
r
r
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY!
New construction, total
mil. of dol
Private, total
do
Residential (nonfarm)
do
New dwelling units.
.-. do__
Additions and alterations
do
Nonresidential building, except farm and public
utility, total.
._. mil. of dol
Industrial
do
Commercial-^.
._
do _
Farm construction
do
Public utility
do
Public, total
Residential
Nonresidential building
Military and naval
.,
Highway.
Conservation and development
Other types
___ _
do
do
do
do
do
do
do
1,712
1,618
1,750
1,988
2,282
2,535
2,676
2,799
2,816
2,750
2,554
2,235
2,068
1,298
742
680
51
1,262
717
655
51
1,313
741
675
55
1,482
882
800
70
1,689
1,035
940
82
1,883
1,171
1,065
92
1,998
1,253
1,145
93
2,074
1,310
1,200
93
2,072
1,306
1,195
94
2,006
1,237
1,135
84
1,885
1,126
1,035
73
1,686
980
900
62
1,571
901
830
54
257
69
79
74
216
252
70
77
75
209
249
69
77
79
235
248
70
76
88
253
274
73
92
100
267
306
78
110
108
285
325
84
116
113
296
332
90
114
116
305
352
101
121
106
301
379
111
135
88
295
401
119
147
74
277
392
125
138
66
243
376
128
122
69
220
414
35
155
9
90
56
69
356
26
154
9
55
49
63
437
28
170
8
100
62
69
506
28
178
9
145
73
73
593
28
187
8
210
82
78
652
28
191
10
250
92
81
678
24
196
10
275
91
82
725
27
205
16
305
85
87
744
28
214
22
310
82
88
744
30
230
28
290
76
90
669
31
221
26
240
67
84
549
28
209
25
155
60
72
497
29
214
27
105
54
68
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects
number
Total valuation
thous. of dol__
Public ownership
„ _
do
Private ownership
do
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation ___
.
Public works:
Projects
Valuation
Utilities:
Projects
Valuation
30, 989
730, 855
200, 541
530, 314
46, 856
59, 616
60, 658
53, 494
35, 715
65, 305
60, 942
50, 284
40, 168
49, 604
70, 449
38, 121
779, 530 1, 300, 201 1, 350, 496 1,347,603 1, 345, 463 1, 420, 181 1, 548, 876 1, 286, 541 1,135,815 1,087,062 1, 168, 432 1 , 043, 248
428, 264
480, 972
284, 925
354, 115
388, 643
459, 921
364,
298
381, 330
320,
426
308, 118
437, 770
305, 941
494, 605
766, 636
917, 199
819, 229
996, 381
958, 960
922, 243
787, 102
960, 260 1,111,106
827, 697
737, 307
number
thous. of sq. f t _ _
thous. of dol_.
2,882
22, 297
235, 294
3, 017
24, 790
265, 567
4,373
37, 539
500, 658
4,998
43, 071
448, 619
5,204
40, 482
408, 543
5,090
45, 254
443, 996
5, 085
46, 580
487, 115
5,987
51, 741
540, 989
5,094
47, 458
498, 725
4,830
42, 583
426, 820
4,868
41, 472
434, 894
4,532
40, 069
490, 375
4,614
43, 971
461, 016
number
thous. of sq. ft
thous. of dol
27, 229
42, 078
343, 501
31, 650
46, 235
361, 452
47, 547
71, 543
574, 681
52, 568
84, 964
674, 836
57, 843
84, 937
674, 604
52, 989
77, 850
628, 051
53, 268
84, 323
675, 080
62, 025
89, 033
754, 106
42, 906
65, 069
549, 585
42, 960
64, 945
529, 867
40, 368
60, 810
496, 682
34, 152
56, 353
478, 583
32 455
49, 300
420, 918
number
thous. of dol
643
86, 300
805
120, 178
1,202
184, 081
1,608
177, 334
1,807
199, 239
2,156
221, 654
2, 133
208, 648
2 020
200, 431
1,812
145, 728
1,445
119, 633
1, 235
106, 572
1,151
160, 227
773
128, 536
number-thous of dol
235
65, 760
243
32, 333
372
40, 781
442
49, 707
451
65, 217
423
51, 762
456
49 338
417
53 350
472
92, 503
369
59, 495
385
48, 914
333
39, 247
•&
279
32 778
198
203
242
245
228
232
263
260
279
292
275
278
325
348
284
298
329
358
274
303
334
358
291
325
351
372
325
369
346
358
334
362
323
332
321
332
285
285
299
294
276
272
306
284
915,475
686, 221
993, 453
885, 044
931, 153 1, 253, 720 1, 175, 138 1, 164, 682
959, 530
Value of contract awards (F. R. indexes):
Total, unadjusted
1923-25—100
Residential, unadjusted
_ do
Total, adjusted
do
Residential, adjusted
_
do
Engineering construction:
Contract awards (E. N. R.)§
thous. of dol__
Highway concrete pavement contract awards :G
2,322
5,369
5,032
8,351
7,094
3,396
5,832
Total
„
thous. of sq. yd_.
51
425
81
460
580
310
224
Airports
__ _ _
„
do
1,952
1,369
2,684
2,126
4,604
3,457
Roads
do_ _.
2,901
872
2,635
2,481
1,134
3.177
3,167
2.708
Streets and alleys
do
J
' Revised.
Data include some contracts awarded in prior months but not reported.
cfFor actual wholesale prices of individual commodities, see respective commodities.
tSee note marked " J" on p. S-5.
tRevised series. Data cover items not previously included; annual data beginning 1915 and monthly data beginning 1939 are
Construction and Construction Materials Report.
§Data for March, June, August, and November 1950 are for 5 weeks; other months, 4 weeks.
OData for March, May, August, and November 1950 and January 1951 are for 5 weeks; other months, 4 weeks.
6,589
190
2,890
3.509
4,114
477
1,333
2.304
r
T
268
253
' 332
' 297
271
251
331
302
950, 526 1,012,046 1, 424, 619 1,266,892
3,605
50
1,634
1.920
3,084
299
1,314
1.471
i 3, 738
i 28
1
2, 065
i 1. 645
5,650
200
3, 199
2. 252
available in the "Statistical Supplement" to the May 1951/
•?,,
SURVEY OF CURRENT BUSINESS
March 1951
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
January
Febru-
ary
March
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U. S. Department of Labor) ._ _ _ _ _ _ _ number.
Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, totalj
number ..
Privately financed, total
do
Units in 1-family structures. _ _ _
do ._.
Units in 2-family structures
do
Units in multifamily structures _
do _ _ .
Publicly financed, total
do
Indexes of urban building authorized:
Number of new dwelling units
1935-39 =100__
Valuation of building, total -_
__do
New residential building
do
New nonresidential building
do
Additions, alterations, and repairs
do
t
78, 700
82, 900
117, 300
50, 464
49, 596
36, 026
2,306
11, 264
868
53, 318
53, 141
40, 234
2,375
10, 532
177
r
82, 954
80, 325
r 81, 188
79, 190
' 59, 787 ' 63, 382
' 4, 235
3,237
14, 569
15, 168
1,766
1,135
r
r
r
r
r
133, 400
149, 100
144, 300
144, 400
141, 900
92, 086
88, 814
69, 377
3,859
15, 578
3,272
83, 447
82, 934
66, 885
' 2, 828
* 13, 221
513
84, 063
79, 473
64, 586
3,118
11, 769
4,590
r 83, 181
120, 600
r 62, 326
' 79, 140 r 58, 172
46, 498
61, 740
' 2, 992 r 2, 236
>• 9, 438
14, 408
4,041
4, 154
102, 500
85, 000
95,000
87,000
' 56, 829 ' 49, 069 ' 58, 855
' 55, 210 ' 44, 588 44, 697
r r43, 761 ' 36, 244 34, 810
1,747
' 2, 056
2, 323
8,140
6,288
' 9, 126
»• 14, 158
2,940
1,619
51, 847
49, 001
39, 329
2, 945
6,727
2,846
291. 0
331. 0
491. 6
235. 2
218. 8
305.6
327.1
529.8
201.4
198.1
464.5
488.9
837.4
265.4
285.6
477.7
526.3
885.2
306.3
290.4
530.0
607.1
1, 044. 2
333.4
334.6
481.7
577.9
928.4
352.5
374.8
485.4
606.1
950.7
398.2
371.2
477.1
622.2
964.4
419. 1
380.6
358. 1
478.5
713.6
333.2
327.2
327.7
497.4
664.3
424.8
311.6
274.1
404.4
558.6
323.4
268.6
'r 322. 1
460. 8
r
654. 3
r
374. 8
r
249. 7
286.8
430.0
581.0
342.0
319.4
206.5
208.0
208.6
305
209.6
214.1
216.8
311
220.3
224. 1
' 225. 1
330
' 225. 0
' 225. 8
' 227. 7
339
230. 5
486
506
495
444
474
345
486
506
495
443
474
346
486
508
495
444
474
346
488
511
497
447
476
346
490
511
497
452
476
346
498
518
504
459
485
349
502
519
514
465
488
357
508
526
522
473
495
366
513
536
531
478
499
369
515
542
534
479
502
371
514
541
535
475
501
371
517
543
536
477
504
371
521
546
540
480
511
374
209.1
208.6
213.9
210.1
210.1
215.8
210.7
210.8
217.3
211.3
211.3
218.1
214.4
214.5
224.4
215.6
215.8
227.2
218.0
218.6
230.8
219.5
220.7
234. 6
220.4
221.4
234.3
220.9
221.9
233.2
222.9
223.9
233.7
224.7
226.4
236.9
228.2
229.9
240.1
212.0
210.0
211.1
215.9
197.7
212.7
210.9
212.6
218.6
198.5
213.3
211.6
213.7
220.7
198.8
214.0
212.1
214.4
221.7
199.2
217.1
215.7
219.8
229.1
201.7
218.3
216.9
222.4
232.5
202.3
220.3
219.0
225.4
236.4
203.8
221.4
220.7
228.4
241.5
205.1
222.3
221.3
228.4
240.7
205.8
222.9
221.5
227.9
238.9
206. 2
224.8
223.4
229.3
237.9
208.2
226.3
225. 9
232.4
241.3
211.0
230.0
230.0
235. 6
244.5
215.6
214.2
211.6
216.1
214.0
217.6
215.8
218.5
216.7
224.9
223.7
227.7
226.7
231.3
230.5
235.1
235.1
234.8
234.5
233. 7
233.0
234.2
232.7
237.4
236.1
240.5
239.1
356.5
484.9
360.0
488.4
362.8
491.9
364.3
496.6
373.0
506.5
376.9
511.9
383.1
521.4
392.8
530.4
396 2
534.4
388.9
527.9
390 1
528.7
391. 8
530.7
397.0
536. 7
CONSTRUCTION COST INDEXES
Department of Commerce composite*
1939= 100. _
Aberthaw (industrial building)
1914—100
American Appraisal Company:
Average, 30 cities
1913=100..
Atlanta
do
New York
do
San Francisco
__
do
St Louis
do
Associated General Contractors (all types) _ _ .do
E. H. Boeckh and Associates, Inc.:
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete. _U. S. avg. 1926-29=100..
Brick and steel
do
Brick and wood _
__
do _
Commercial and factory buildings:
Brick and concrete.
. do
Brick and steel
_ _ _ _ do
Brick and wood
do
Frame
do
Steel
do
Residences:
Brick
do
Frame
..do
Engineering News- Record :<?
Building
1913=100
Construction
- do
Bu. of Public Roads— Highway construction:
Composite standard mile
1925-29—100
140.0
140.7
r
155.7
146 2
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted
_
do
120.8
141.5
117.3
142.2
140.2
148.4
147.5
148.4
166.7
157.6
171.5
160.3
162.3
152.5
192.2
169.8
179.3
166.8
r
r
186. 6
!68. 4
' 173. 7
r 175. 3
* 160. 8
* 181. 9
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: New premium paying
183, 559
172, 453
206, 681
204, 030
178, 000
241, 423
210, 919
182, 568
235, 742
217, 594
thous. of dol__ 232, 950
216, 154
234, 070
218,315
217, 610
218, 000
221, 416
350, 366
214, 433
332, 201
183, 395
268, 611
356, 491
Vet. Adm.: Principal amount*
do
258, 401
Federal Home Loan Banks, outstanding advances
500
331
762
331
315
360
437
360
724
to member institutions
mil of do]
810
626
694
New mortgage loans of all savings and loan associa517,
163
325,
224
414,
783
422,
553
490,
324
527,
967
449,
963
300,
906
370, 681
556, 469
393 857
tions, estimated total
thous of dol
467 585
By purpose of loan:
188, 938
107, 335
180, 762
189, 363
151, 627
143, 950
94, 916
Home construction. __
do
117, 079
183, 493
123, 134
140, 655
145, 422
214, 412
128, 398
124, 265
161, 952
197, 761
223, 617
168, 381
163, 447
182, 978
Home purchase. _
do
248, 089
213, 888
219, 001
38, 887
32, 573
32, 041
32
002
35, 683
39, 717
39, 517
42, 093
Refinancing
do
36, 579
34,
415
43, 410
34 827
21,853
13,706
17, 895
22, 890
22, 461
20, 014
11, 584
13, 693
13, 804
Repairs and reconditioning
do
25, 575
16, 951
20 220
53, 073
43, 212
51, 269
49, 394
46, 848
38, 100
All other purposes
do.
39,
883
50, 433
44,
054
41,
939
55, 902
48, 115
New nonfarm mortgages recorded ($20,000 and
under), estimated total
thous of dol 1, 024, 000 1, 003, 090 1, 221, 644 1, 171, 148 1, 377, 918 1, 465, 469 1, 470, 812 1, 624, 913 1 497 824 1,544 410 1 457 073 1, 320, 895
14.5
14.1
12.9
14.1
15.3
14.6
14. 1
Nonfarm foreclosures, adjusted index 1935-39=100
13.7
13.7
52, 980
61, 605
58, 340
72, 468
58, 823
58, 765
57, 116
49, 953
55, 790
Fire losses
thous. of dol
49, 878
66 820
45 922
224, 671
360, 574
758
68 686
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
329
311
319
315
Printers' Ink, combined index
1935-39=100..
333
323
331
318
377
336
365
371
316
Magazines
do
321
326
330
328
327
324
341
342
342
338
319
Newspapers
do
306
330
297
307
317
325
320
297
310
322
344
338
334
Outdoor
do
328
318
328
288
296
290
327
302
359
372
360
291
294
273
Radio
do
300
288
288
294
269
282
278
287
272
Tide advertising index
do
' 298. 4
309.9
'313.0
309.5
280.0
••312.0
311.7
317.2
309.1
298.8
308.8
290.1
Radio advertising:
Cost of facilities, total
thous. of dol
15, 909
15, 383
17, 083
15, 146
12, 293
16, 843
16, 576
12, 559
13, 931
' 15, 794 15, 833
16, 170
Automotive, incl. accessories
do
614
411
288
726
498
407
357
297
325
355
339
399
Drugs and toiletries
do
4,084
4,536
4, 108
4, 193
4,557
4,431
3,349
3,648
3,969
' 4, 415
4,649
4,277
Electric household equipment
_ _ do. _
136
145
198
181
180
142
167
148
142
136
134
142
Financial
do
284
249
226
260
256
216
239
238
244
234
259
228
Foods, soft drinks, confectionery
. d o ._
4,849
3,513
4,736
4,327
4,366
3,371
4,348
4,756
3,843
4,246
4,341
4,240
Gasoline and oil
do
391
452
409
454
467
409
370
475
545
469
505
563
Soap, cleansers, etc___
.
do
1,753
1,862
1,791
1,637
1,811
1,310
1,431
1,947
1,664
1,860
1,831
1,877
Smoking materials
do
2,165
1,999
2,215
1,577
2,101
1,831
1,562
2,068
1,781
1,540
1.853
1,797
r
Allother§
do....
1,429
2,064
2,229
2,240
1,988
2,116
1,826
1,387
1,742
2, 217
2,332
2,237
T
Revised.
* Preliminary.
» Data for February 1951, 87,000.
JMinor revisions in number of dwelling units beginning January 1947 are available upon request.
*New series.
Details regarding the Department of Commerce construction cost index and data prior to November 1949 are available in the "Statistical Supplement" to the May 1950 Construction and Construction Materials Report. Data on home mortgages, compiled by the Veterans Administration, represent the amount of home loans closed monthly under the Servicemen's Readjustment
Act; figures prior to August 1949 are available upon request.
cf Data reported at the beginning of each month are shown here for the previous month.
§Includes data for apparel and household furnishings, shown separately prior to the October 1950 SURVEY.
SUEVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
DOMESTIC TRADE—Continued
AD VERTI §ING—Continued
Magazine advertising:}
Cost total
thous. of dol _
Apparel and accessories
do
Automotive, incl accessories
do
Building materials §
do
Drugs and toiletries
do
Foods soft drinks confectionery
do
Beer wine, liquors §
do _
29, 167
1,517
2,610
739
4,470
4,951
1,738
39, 623
2,706
3,347
1,177
5,863
6,891
2,139
47, 024
4,857
3,934
1,958
6,277
6,338
2,381
52, 094
4,457
4,054
2,675
6,485
7,149
2,416
50, 261
4,237
4.226
2,499
5,693
6,582
2,364
42, 488
2,832
3,882
1,719
5,618
6,846
2,024
32,754
884
3,832
1,081
4,844
5,874
1,738
33, 577
3,273
3,772
1,128
4,338
5,435
1,476
49, 603
5,540
4,255
2,537
5,416
6,724
1,965
55, 301
4,648
4,545
2,397
6,463
8,598
2,436
51. 534
3,705
4,071
1,491
6, 145
7,488
2,703
40, 778
3,000
2,519
745
5,268
5 825
3,789
739
782
1,259
673
1,201
8,487
1,732
1,358
1,672
1,081
1,129
10, 529
3.252
2,359
2,184
1,189
1,206
11,090
4,337
3,361
2,341
1,232
1,336
12, 250
4,515
3,282
2,320
1,238
1,327
11, 979
3,615
1,715
2,162
983
1,364
9,729
2.057
697
1,713
884
1,365
7,784
1,574
929
1,588
865
1,116
8,083
3,648
2.767
2,657
1,091
1,497
11, 506
4,435
3 650
2, 713
1 421
1, 556
12, 439
3, 870
3 079
2.292
1 324
1,419
13, 949
3,136
1 753
1,691
811
1, 429
10, 813
3,261
3,868
4,270
4,482
3,853
2, 974
3,175
3,791
4,505
4,602
3 958
3,106
3,520
168, 921
37, 157
131, 764
10, 014
3,237
23, 730
94, 783
170, 738
35, 362
135, 376
7,668
1,911
29, 473
96, 324
213, 488
41, 139
172, 350
9,240
2,355
35, 691
125, 064
215, 753
43, 326
172, 427
11, 290
2,316
35, 645
123, 176
220, 211
45, 576
174, 636
12, 441
2,469
36, 560
123, 166
209, 093
44, 776
164, 317
11,410
2,237
33, 876
116, 795
173, 092
42. 684
130, 409
9,338
2,683
26, 048
92, 339
186, 524
45, 005
141 518
8,969
1,832
25, 431
105,287
207, 305
45, 888
161, 417
8, 793
2,091
32, 705
117,829
230, 288
47, 678
182, 610
11,314
2,531
41, 222
127, 542
226, 880
42, 944
183, 936
11, 721
2 267
39, 502
130, 447
217, 856
39, 099
178, 757
8,395
2,347
29, 682
138, 334
173,177
42, 772
130, 405
8,165
3,332
24, 066
94, 841
thousands
thous. of doL
4,531
89, 403
4,961
88, 510
5,237
107, 778
4,932
92, 858
4,543
90, 363
4,258
84, 983
4,062
83, 459
4,228
88. 172
4,039
91, 350
5,474
100, 802
4,413
102, 139
4,662
97, 712
4,826
107, 031
thousands
thous. of doL
14, 463
190, 987
12, 694
181, 523
15, 973
225, 619
13, 354
197, 478
14, 055
205, 818
13,960
202, 790
12, 279
183, 502
13, 842
210, 887
12, 836
206, 145
14. 218
222, 331
14 739
225 332
14 191
209, 795
14 599
221, 714
Household equipment and supplies §
Household furnishings §
Industrial materials §
Soaps cleansers etc
Smoking materials
All other
' Linage total
.do
do
do
do
do
-do _._
thous of lines
Newspaper advertising:
Linage total (52 cities)
Classified
Display, total
Automotive
__
Financial
General _
Retail
_
_-
do
do
do
- do
do
do
-do
_
_.
_
_.
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities) :
Number
-Value
Domestic, paid (50 cities):
Number
Value
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :f
Goods and services total
bil of dol
182.6
185.8
198.9
195 8
Durable goods total
Automobiles and parts
Furniture and household equipment
Other durable goods
do
do
do
do
26.4
10.5
12.3
3.7
26.5
11.0
11.8
3.7
34.0
14. 1
16.0
3.9
30
12
13
4
Nondurable goods total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods
do
do
do
do
do
do
do
97.9
17 9
58.3
4.9
1.9
4.3
10.7
99.9
18 4
59. 1
5.2
1.9
4.4
10.9
104.5
19. 2
62.0
5.2
2.4
4.4
11.3
104 3
19 4
62 1
5 3
2 0
4 5
11 1
Services
Household operation
Housing
Personal service
Recreation
Transportation
Other services
do
do
do
do
do
do
do
58.3
8.9
18.0
3.7
3.8
5.1
18.8
59.5
9.2
18.4
3.7
3 9
5.1
19.2
60.4
9.2
18.7
3.8
0
61
9
19
3
3
5
19
0
5.2
19.6
0
8
1
1
5
7
1
8
8
3
9
RETAIL TRADE
All types of retail stores:f
Estimated sales (unadjusted), total 9 -mil. of dol._
Durable-goods stores 9
-do___
Automotive group 9
-do
Motor-vehicle dealers 9
do
Parts and accessories cf
- d o __
Building materials and hardware group cf
mil. of doL.
Building materialscf
do
Farm implements
-do
Hardwarecf
do
Homefurnishings groupcf
do
Furniture and housefurnishingscf
do
Household appliances and radios cf1--- do
Jewelry stores cf
do
9,522
3,061
1,907
1,799
108
9,281
3,054
1,889
1,783
107
11, 062
3,736
2,316
2,180
136
11, 072
3,758
2,250
2,110
140
11, 654
4,200
2,461
2,294
167
11, 957
4,515
2,698
2,521
177
12. 313
4,755
2,881
2,610
271
12, 737
4,967
2,856
2,632
224
12, 498
4,462
2,492
2.308
184
12, 077
4, 243
2, 309
2, 131
179
11, 613
3 678
1 998
1 826
172
14, 463
4 243
2 259
2 014
245
11,852
4 158
2 521
2 314
207
619
414
78
127
472
259
212
64
605
400
79
125
496
267
229
65
779
509
118
152
574
316
258
66
881
569
141
171
554
311
243
72
1,061
715
145
201
597
354
244
81
1,133
769
159
205
595
344
251
89
1,117
745
167
205
685
356
329
72
1,248
874
161
214
778
392
386
85
1.125
787
133
205
752
385
367
92
1,129
792
135
203
712
365
347
93
964
668
103
193
614
345
269
102
930
547
121
262
796
438
358
259
921
607
121
193
635
328
307
80
6,462
7,314
Nondurable-goods stores 9
do
6,227
7,326
7,454
7,442
8,036
7 558
7,770
7 833
7 935
10 220
7 694
762
812
606
536
756
Apparel group cf
do
747
855
583
641
844
871
1 289
770
169
179
165
131
Men's clothing and furnishingscf
do
173
195
191
134
140
203
223
363
208
Women's apparel and accessories
do
242
361
349
374
261
317
403
247
304
400
402
553
333
104
104
86
75
110
101
Family and othef apparel cf
-do. __
83
89
116
118
127
197
108
114
149
94
Shoes
do
88
128
130
134
145
113
124
120
176
120
ono
291
298
Drug stores
_
do
286
272
296
299
293
302
°98
306
297
401
894
875
Eating and drinking places 9
do
798
893
928
936
928
986
979
991
985
Q2Q
913
f Revised.
JComparable data on magazine advertising cost (Publishers' Information Bureau, Inc.) are available back to January 1948 only. Beginning with the October 1949 SURVEY, five new components are shown (marked with "§"); the total of the two components "household equipment, etc." and "household furnishings" covers all items formerly included in "electric household
equipment" and "housefurnishings, etc." Revised data for January 1948-D ecember 1949 are available upon request.
§See note marked "J" above.
fRevised series. Estimates of personal consumption expenditures have been revised beginning 1946; revised figures for the grand total and for total durable and nondurable goods and
services are shown as a component of gross national product on p. 31 of the July 1950 SUEVEY; revised figures for 1946-49 are shown on p. 23 of the December 1950 SURVEY.
Dollar estimates of sales for all types of retail stores and for chain stores and mail-order houses have been revised for various periods back to 1943 and revisions from'August 1948 forward
are shown beginning with the October 1949 SURVEY; specific periods for which the series have been revised are as stated in the notes below. Monthly data for 1946-48 for both sales and inventories of all types of retail stores (unadjusted and adjusted series) appear on pp. 21-23 of the October 1949 SURVEY. Data prior to 1946 and unpublished revisions are available upon request
9 Revised beginning 1943.
cf Revised beginning 1948.
SURVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-9
1951
1950
January
February
March
April
May
June
July
October
November
December
January
2,793
2,244
548
582
1, 481
1,008
2,620
2,082
538
586
1,442
979
2,661
2,126
534
575
1,569
1,080
3,086
2,519
567
615
2,429
1,613
2, 707
• 2,176
531
584
1, 284
882
149
157
194
139
119
144
1,108
147
961
August
September
2,752
2,205
547
629
1,379
924
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All types of retail storesf — Continued
Estimated sales (unadjusted), total— Continued
Nondurable-goods stores 9 —Continued
Food group 9
mil. of dol
Grocery an d combination 9-- -- - --do
Other food 9
do
Fill ing stations
-do
General-merchandise group§
do
Department, including mail-order §___do
General, including general merchandise
with food
mil. of dol
Dry goods and other general merchandise d"
mil. of dol..
Variety..
. _ _
do
Other retail stores©
do
Liquor©
_ __
_
do
Other§
do
2,336
1,855
480
487
986
654
2,300
1,851
449
453
980
647
2,575
2,074
501
512
1,241
844
112
109
128
141
92
128
885
125
760
89
135
888
123
766
113
156
1,044
139
905
124
175
968
135
833
Estimated sales (adjusted), total
do
Durable-goods stores
do
Automotive group
do _ _
Motor- vehicle dealers
do
Parts and accessories
do _
Building materials and hardware group
mil. of dol__
Building materials
do _..
Hardware
do
Homefurnishings group _ _
do _ _
Furniture and housefurnishings
do
Household appliances and radios
do
Jewelry stores
.. do
10, 855
3,558
2,077
1, 941
136
11, 101
3, 742
2,206
2,061
144
11, 125
3,734
2,187
2,038
149
11, 080
3,679
2,130
1,982
148
800
531
167
592
336
255
89
828
553
168
616
337
278
93
851
572
164
608
337
271
89
Nondurable-goods stores
do
Apparel group
__.
. do _
Men's clothing and furnishings
do
Women's apparel and accessories
do
Family and other apparel
do
Shoes.
.do
Drug stores
do
Eating and drinking places
do
7,297
756
194
331
107
124
305
917
7,359
735
186
319
104
125
304
930
do
do _ _
do
do _
do
do
do
2,511
1,994
517
541
1,304
867
965
Estimated inventories (adjusted), total
do
Durable-goods stores
_
. do
Automotive group
do
Building materials and hardware group
mil. of dol__
Homefurnishings group _ _
do
Jewelry stores
do
Nondurable-goods stores
do
Apparel group
do
Drug stores
do
Eating and drinking places
_ _ d o ...
Food group
do
Filling stations...
do
General-merchandise group
do
Other retail stores..
do
Food group _
.
Grocery and combination
Other food
Filling stations...
General-merchandise group
Department, including mail-order
Other retail stores
2,529
2,047
482
523
1,297
857
2,561
2,054
507
573
1,338
893
2,591
2,090
501
581
1, 320
874
2,819
2,289
530
655
1,306
855
155
155
166
160
160
129
162
1,001
134
867
129
162
967
130
837
124
161
974
134
840
125
169
1,083
137
946
136
177
1,045
145
900
136
178
1,046
149
897
147
185
1.049
164
886
228
394
1,414
268
1,146
11, 327
3, 886
2, 262
2,105
157
11, 699
4,179
2,485
2,325
160
12, 700
4,679
2,763
2,512
251
12, 682
4,694
2,690
2,484
206
12, 133
4,417
2,570
2,389
181
11, 759
4,179
2,399
2,225
174
11, 387
3,670
2,074
1,910
165
12, 194
4,099
2,389
2,173
216
13, 292
4,763
2, 744
2, 496
248
880
592
166
576
317
259
93
969
666
176
569
323
247
87
1,026
702
189
576
329
248
92
1,084
723
210
739
397
342
93
1,143
778
210
760
384
376
101
1,015
684
198
727
367
360
104
986
670
192
687
348
339
107
925
624
191
576
318
258
95
988
626
213
625
357
269
97
1,147
748
244
763
409
355
109
7,391
740
178
328
105
130
305
912
7,401
753
173
350
107
124
304
915
7,440
765
183
349
108
124
296
906
7,519
770
186
350
109
126
305
929
8, 021
778
190
344
113
131
295
911
7,987
788
190
355
110
133
302
929
7,716
768
184
352
108
125
304
938
7,580
771
189
356
106
119
308
933
7.717
792
191
366
109
126
309
929
8,094
819
195
384
114
126
308
957
8,528
930
238
408
131
153
319
984
2,563
2,052
511
548
1, 298
862
982
2,599
2,092
506
540
1,282
848
1,012
2,551
2,058
492
534
1,330
892
1,014
2,578
2,071
507
546
1,344
892
1,006
2,604
2,107
496
553
1,376
919
983
2,754
2,226
528
601
1,605
1,122
1,078
2, 728
2,192
536
590
1,523
1,037
1,127
2,640
2,127
514
564
1,445
981
1,056
2,624
2,096
528
553
1,350
895
1,042
2,718
2,177
540
579
1,365
906
1,025
2,802
2,282
520
613
1,494
1,011
1,101
2,841
2, 279
562
648
1, 639
1,123
1, 167
13, 998
5,352
1,973
13, 800
5,163
1,776
14, 282
5,259
1,696
14, 138
5,258
1,622
14, 416
5,437
1,763
14, 720
5,634
1,948
14, 125
5, 135
1,574
15, 076
5,484
1,744
15, 793
5,807
1,781
16, 697
6,482
2,093
16, 787
6,576
2,101
16, 754
6, 644
2, 165
17, 362
6, 739
2,127
1,849
1,071
459
8,646
1,746
567
392
1,489
270
2,943
1,239
1,808
1,124
455
8,637
1,776
579
399
1,504
285
2,955
1,139
1,889
1,197
477
9,023
1,856
582
420
1,595
315
3,015
1,240
1,939
1,232
465
8,880
1,835
560
396
1,515
310
2,956
1,308
1,993
1,217
464
8,979
1,842
599
393
1,568
332
2,916
1,329
2,027
1,189
470
9,086
1,859
618
391
1,625
374
2,852
1,367
2, 021
1,069
471
8,990
1,835
594
420
1,619
392
2,805
1,325
2,042
1,214
484
9,592
1,989
619
435
1,779
377
2,994
1,399
2,192
1,325
509
9,986
2,038
620
456
1,802
385
3,181
1,504
2,296
1,590
503
10, 215
2,078
596
453
1,789
361
3,340
1,598
2,370
1,593
512
10, 211
2,093
588
490
1,672
331
3,390
1,647
2, 445
••1,519
••515
' 10, 110
' 2, 076
'572
r
540
' 1, 620
'322
' 3, 409
' 1, 571
2,628
1, 494
490
10, 623
2, 170
613
613
1,770
297
3, 556
1,604
2,485
196
24
98
58
67
142
66
52
32
656
2,588
262
41
125
75
57
136
66
50
33
692
2,497
246
40
121
64
49
137
68
52
30
671
2,522
246
44
118
64
47
111
64
49
27
733
3,388
381
69
182
98
82
96
54
'39
1, 146
2, 324
192
36
86
54
50
91
6&
51
20
553
397
105
142
843
427
105
149
878
398
112
150
840
423
143
156
862
642
158
'326
1,037
319
104
121
899
325.2
347.3
315.4
286.1
393.5
254.7
339.1
450.7
224.6
220.4
290.2
347.3
341.2
332. 3
316.4
281.1
409.9
241.6
308.6
409.4
227.8
214.4
293.4
321.5
336.0
323.2
305.4
257.5
407.1
231.7
271.0
403.0
223.4
214.6
262.3
300. 1
346.1
323.9
309.5
269.9
400.5
242.5
240.5
393.7
219.9
210.4
215.2
312.7
442.4
343.4
328.5
300.0
429.6
244.7
' 322. 1
378.5
224.5
218.1
r
250. 9
332.5
312.7
364.4
344. 9
327.8
429.1
275.1
397.5
428.1
230. &
222.8
257. 9
375.7
437.0
309.7
236.9
402.2
400. 8
269.2
234. 2
391.2
361. 8
253.2
235.5
394.8
381.7
290.7
223.4
399.5
401.9
308.2
' 246. 7
424.4
475.6
343.8
249.7
422.5
Chain stores and mail-order housesif
2, 496
1,872
2,334
1,887
2,267
2,361
2,380
Sales, estimated, total 9-do
186
Apparel group
do
162
159
243
263
238
234
24
Men's wear
_
do
30
25
39
38
34
37
91
124
Women's wear.
do ...
76
119
116
73
107
Shoes..
do
56
79
45
45
65
68
70
81
32
42
45
53
Automotive parts and accessories
do
31
58
126
Building materials
do
109
121
70
63
75
88
Drug
__
do
66
63
61
66
65
64
65
51
Eating and drinking places
do
52
50
45
50
50
50
29
Furniture and housefurnishings
do_ . _
21
25
24
28
26
20
652
General-merchandise group
do
431
610
621
415
546
598
Department, dry goods, and general mer420
chandise
mil. of dol
235
360
377
228
311
386
84
94
Mail-order (catalog sales)
_
do
71
73
80
86
87
Variety.
do
136
114
131
136
108
147
137
902
Grocery and combination. _
do
737
755
849
845
833
826
Indexes of sales :f
258.9
295.3
314. 1
319.2
Unadjusted, combined index 9 - . .1935-39= 100. 272.0
312.0
328.8
Adjusted, combined index 9
do
299.9
306.0
309.6
313.1
354.6
308.1
317.7
301.4
305.1
303.3
301.8
299.8
293.6
300.9
Apparel grouped
do
280.8
251.1
263.6
274.8
Men's wearcf
do
250.7
252.0
265.3
377.4
371.3
381.8
389.7
400.9
390.6
387.9
Women's wearcf
do
236.5
241.8
240.2
237.8
Shoescf-do
244.0
239.8
235. 4
257.6
266.7
264.0
264.6
Automotive parts and accessories cf
do
265.6
291.3
407.7
442.1
340.1
365.2
Building materials cfdo
336.0
331.1
330.8
396.6
Drug
do
221.2
220.9
220.7
221.3
224.6
215.9
222.0
216.9
Eating and drinking places cf
do
214.8
212.4
209.3
217.5
222.4
221.7
256.5
246.6
236.9
240.6
244.4
243. 9
314.9
Furniture and housefurnishingsd*
do
369.2
290.3
300.5
297.0
291.8
293.0
310.3
General-merchandise groupcf
--do ...
Department,1 dry goods, and general mer350.1
477.7
chandised"
1935-39=100_.
363.8
354.5
361.9
370.4
385.7
245.2
248.4
• 237.9
252.5
339.9
251.9
265.9
Mail-orderd"
do
228.1
227.3
226.4
222.4
224.3
222.3
224.0
Variety cf.do
379.1
356.0
368.3
378.8
410. 9
Grocery and combination
do
377.3
378.9
' Revised.
,See note marked "t" on p. S-8. Revisions for chain stores and mail-order houses for 1943-July 1948 are shown on p. 23 of the
9 Revised beginning 1943.
§Revised beginning 1947.
cf Revised beginning 1948.
©Revised beginning 1945.
April 1950 SURVEY.
r
r
r
r
r 77
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores:
Accounts receivable, end of month:
Charge accounts
_
1941 average = 100. .
Instalment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent..
Instalment accounts
.
-do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Instalment sales
do
Sales, unadjusted, total U. S
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
_
New York
Philadelphia
Richmond
St. Louis
__
San Francisco ?
222
209
191
207
185
209
190
212
194
217
194
219
184
230
191
241
210
256
216
260
233
259
'314
'276
268
268
49
18
47
17
53
19
50
17
52
18
51
17
49
17
50
18
51
18
51
18
51
17
49
18
50
19
49
41
10
48
41
11
49
41
10
49
42
9
48
43
9
48
43
9
47
41
12
46
42
12
46
42
12
47
43
10
48
43
9
50
42
8
1935-39=100..
do
do _
do
do
do. __
do
do. _
do
do
do
do
do
216
285
185
205
215
313
228
188
'185
197
••217
232
••249
224
322
177
204
217
327
244
210
183
207
234
252
273
257
359
207
241
256
362
277
229
208
255
283
285
291
285
389
241
269
290
393
303
278
225
276
313
316
321
286
378
228
280
296
391
305
273
221
275
316
323
319
281
345
230
278
281
353
296
272
230
271
307
293
321
283
386
185
271
284
429
339
276
192
239
285
326
387
281
373
198
278
290
399
326
287
202
239
288
318
352
331
426
263
320
337
454
363
320
267
313
356
363
374
'308
388
239
296
317
405
328
319
259
299
333
326
345
355
453
287
357
313
472
376
338
302
363
387
398
'386
534
708
436
495
538
711
556
'476
450
525
'584
540
'627
P 277
do
do ...
do
do_ _
do
do
do
do
do._
do
do
do
do
282
376
244
274
290
396
••299
246
'231
267
300
282
'314
280
383
229
262
271
409
301
284
220
276
299
300
323
274
374
216
265
270
389
298
250
217
262
288
297
321
292
397
244
269
299
401
306
277
235
281
323
319
333
290
390
231
277
299
403
309
268
226
270
321
330
336
298
392
240
278
299
410
322
283
242
285
333
326
342
362
494
268
330
364
537
414
342
274
331
394
418
454
335
415
268
335
334
449
354
321
277
319
360
370
374
320
409
255
305
333
420
345
289
262
310
332
360
368
291
370
210
282
299
375
303
283
238
279
312
305
343
290
391
229
288
251
400
325
291
234
273
312
316
345
'325
421
249
318
328
433
354
'318
266
307
336
353
'376
*362
450
303
349
395
475
395
325
291
342
370
363
^421
do
do
244
'273
267
279
290
285
294
286
289
285
267
276
258
269
285
284
322
309
362
329
371
332
295
329
"303
"339
202, 617
61, 458
141, 160
206, 104
63, 805
142, 299
268, 483
85, 639
182, 845
291, 580
94, 751
196, 829
311, 492
97, 705
213, 787
317, 043
96, 389
220, 654
356, 756
104, 957
251,799
339, 478
112, 568
226, 910
357, 438
113, 430
244, 008
335, 351
113, 037
222, 314
369, 150
123, 084
246, 066
499, 058
164, 190
334,868
296, 659
88, 572
208, 088
212.7
191.8
241.6
203.0
231.1
281.0
253.0
302.0
270.7
314.0
229.0
207.9
270.7
208.4
237.5
273.6
242.3
294.2
260.5
317.9
258.7
246.5
290.2
247.9
269.2
273.2
246.5
305.5
260.9
299.1
264.8
249.0
287.0
248.4
290.9
276.7
250.5
312.6
254.5
311.1
257.6
239.8
273.8
247.5
278.4
287.2
267.0
330.3
279.3
310.7
271.1
259.6
283.4
261.7
315.9
305.6
299.1
346.0
285.7
349.1
268.0
231.3
286.3
258.6
335.3
363.6
346.3
409.6
346.2
410.9
307.2
271.2
327.2
293.4
367.5
335.0
309.2
364.4
316.8
376.9
334.6
301.0
374.3
310.1
390.3
302.5
290.3
328.9
288.2
341.2
346. 8
319.7
402.0
322.3
388.7
290.0
266. 4
314.6
274.3
345.8
422.9
414.7
494.5
399.9
438.1
326.3
296.9
361.5
304.3
349.4
517.0
481.3
552.3
489.8
601.6
365.1
333.1
399.3
330.1
383.7
287.7
270.9
307.1
278.7
329.7
380.1
357.4
383.9
371. 6
448.0
5,165
1,457
3,708
6,983
2,849
4,134
5,035
1,583
3,452
7,054
2,908
4,146
5,715
1,882
3,833
7,216
3,022
4,194
5,113
1,816
3,297
7, 256
3,094
4,162
5,599
2,052
3,547
7,263
3, 153
4,110
5,743
2,149
3,594
7,208
3,171
4,037
6,355
2,415
3,940
6,991
2,990
4, 001
7,349
2,866
4,483
7,271
2, 878
4,393
6,899
2,581
4,318
' 7, 500
2,911
' 4, 589
7,141
2,703
4,438
7,845
3,060
' 4, 785
6,871
2,455
4,416
8,067
3,230
4,837
7,038
2,478
4,560
' 8, 229
3,393
' 4, 816
7, 423
2,655
4,768
8,630
3,622
5,008
Sales, adjusted, total U. S ?
Atlanta?
Boston
Chicago?
Cleveland?
Dallas?
--Kansas City?
Minneapolis?
New York?
Philadelphia?
Richmond?
St. Louis
San Francisco?
Stocks, total U. S., end of month:?
Unadjusted
Adjusted
Mail-order and store sales:
Total sales, 2 companies
thous. ofdol
Montgomery Ward & Co
do
Sears, Roebuck & Co
do
Rural sales of general merchandise:
Total U. S., unadjusted
.
1936-39=100..
East
do
South
do
Middle West
do
Far West
do
Total U. S., adjusted
do
East
do
South
do
Middle West .
do
Far West
do
WHOLESALE TRADE
Service and limited-function wholesalers:?
Sales, estimated (unadj.), total
mil. of dol_.
Durable-goods establishments
do
Nondurable-goods establishments
do
Inventories, estimated (unadj.), total
do
Durable-goods establishments
Nondurable-goods establishments.
do
.do
'
342
230
261
293
375
300
248
233
253
268
298
*334
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States :§
Total, incl. armed forces overseas
thousands. .
150, 604
150, 808
150, 998
151, 132
151, 298
151, 483
151, 689
151, 939
152, 196
152, 438
152, 668
152, 879
153, 085
EMPLOYMENT
Employment status of civilian noninstitutional
population:
Estimated number 14 years of age and over,
total
_ _ _
thousands.
Male
do
Female
do
108, 848
52, 773
56, 075
108, 978
52, 850
56, 128
109, 096
52, 913
56, 183
109, 206
52, 970
56,236
109, 288
53, 010
56, 278
109, 392
53, 061
56, 331
109, 491
53, 103
56, 388
109, 587
53, 113
56, 474
109, 577
53, 044
56, 533
109, 407
52,812
56, 595
109, 293
52, 643
56, 650
109, 193
52, 491
56, 702
109, 170
52, 419
56^ 751
do
do
do
61, 427
43, 715
17, 712
61, 637
43, 769
17, 868
61, 675
43, 879
17, 796
62, 183
44, 120
18,063
62, 788
44, 316
18, 472
64, 866
45, 429
19, 437
64, 427
45, 708
18, 719
64, 867
45, 818
19, 049
63, 567
44, 726
18, 841
63,704
44, 268
19, 436
63, 512
44, 019
19, 493
62, 538
43, 535
19,' 003
61, 514
43, 093
18,' 421
.do
do
do
do
do
do_.
56, 947
40, 453
16, 494
6,198
50, 749
4,480
56, 953
40, 343
16, 610
6,223
50,730
4,684
57, 551
40, 877
16, 674
6,675
50, 877
4,123
58, 668
41, 492
17, 176
7,195
51, 473
3,515
59, 731
42, 186
17, 545
8,062
51, 669
3,057
61, 482
43, 229
18, 253
9,046
52, 436
3,384
61, 214
43, 582
17, 632
8,440
52, 774
3,213
62, 367
44, 154
18, 213
8,160
54,207
2,500
61, 226
43, 244
17, 982
7,811
53,415
2,341
61, 764
43, 096
18, 668
8,491
53, 273
1,940
61, 271
42, 710
18^ 561
7,551
53, 721
2, 240
60, 308
42, 076
18^ 232
6^234
54, 075
2*229
59, 010
41 ' 433
17^ 577
6' 018
52,' 993
2, 503
do
47. 420
47. 342
47. 422
47. 024
46. 500
44. 526
45. 064
44. 718
46. 010
45.704
45. 782
46. 657
47 ftf 8
Civilian labor force, total
Male
Female
. . .
_
Employed
Male
Female
,. _
Agricultural employment
Nonagri cultural employment
Unemployed
Not in labor force.
r
Revised.
» Preliminary.
1 See note marked "§" below.
?Revisions in the adjusted indexes of department-store sales for various periods prior to 1949 are shown for the indicated districts (except New York. Richmond, and San Francisco) on
p. 24 of the April 1950 SURVEY; revised data for San Francisco for 1919-48 appear on p. 21 of the May 1950 SURVEY; revisions for New York and Richmond for 1946-January 1949 are available
upon request. Current revisions for Dallas are tentative, pending completion of the revision for earlier periods. Department-store sales and stocks for the U. S. reflect all revisions in data
for the districts and, therefore, are subject to further revision. Figures for wholesale trade have been revised back to 1939; monthly figures for 1946-48 and annual data beginning 1939 are shown
on pp. 18-20 of the October 1949 SURVEY; unpublished revisions are available upon request.
§ Data beginning April 1950 have been adjusted to the decennial census count and are not strictly comparable with preceding figures. Revisions prior to April 1950 will be available later.
SURVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-ll
1950
January
February
March
April
June
May
1951
July
August
Septem-
October
November
December
January
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Employees in nonagricultural establishments:!
Total, unadjusted (U. S. Dept. of Labor)
thousands _.
Manufacturing
_
do
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total
do
Metal o*
do
Anthracite
_
do _.
"Bituminous coaled
do
Crude-petroleum and natural-gas production
thousands _.
Nonmetallic mining and quarrying
do
Contract construction _ _ _ _ _
do
Transportation and public utilities
do
Interstate railroads
do
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities . _ . . do
Trade ._
___
do
Wholesale trade
do
Retail trade.
.
do
General-merchandise stores..
do
Food and liquor
do
Automotive and accessories dealers- _do
Finance
_ _ _ _ _
do
Service __ .
do
Hotels and lodging places
do
Laundries.
do
Cleaning and dyeing plants.
do
Government
do
Total, adjusted (Federal Reserve)
Manufacturing
.
Mining
Contract construction... _ _
Transportation and public utilities
Trade
Finance
Service
Government-
...do
do
do
do
do
do
do
_ do
do
Production workers in manufacturing industries:!
Total (U. S. Dept. of Labor) _._
thousands..
Durable-goods industries
_
do
Ordnance and accessories
do
Lumber and wood products (except furniture) _ _
thousands
Sawmills and planing mills __
do
Furniture and
fixtures
do
Stone, clay, and glass products..
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
thousands..
Primary smelting and refining of nonferrous metals
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. _
Heating apparatus (except electrical) and
plumbers' supplies _ _.
thousands ._
Machinery (except electrical) _
do
Electrical machinery
do
Transportation equipment
do
Automobiles.
do
Aircraft and parts
_ do .
Ship and boat building and repairs. _ .do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries. .
do
42, 125
13, 980
7,342
6,638
861
98
76
348
41, 661
13, 997
7,324
6,673
595
98
76
83
42, 295
14, 103
7,418
6,685
938
98
77
423
42, 926
14, 162
7,548
6,614
939
99
75
419
43, 311
14, 413
7,809
6,604
940
100
76
413
43, 945
14, 666
7,964
6,702
946
102
75
410
251
89
1.919
3,869
1, 316
153
608
47
512
250
89
1,861
3,841
1,290
152
607
46
511
249
90
1,907
3,873
1,315
151
607
46
512
251
95
2,076
3,928
1,356
150
609
47
513
254
97
2,245
3,885
1,296
149
611
47
516
259
100
2,414
4,023
1,407
147
615
47
522
9,246
2,511
6,735
1,392
1,187
701
1,772
4,701
428
347
141
5,777
9,152
2,495
6,657
1,360
1,185
700
1,777
4,696
430
345
140
5,742
9,206
2,484
6,722
1, 392
1,192
699
1,791
4,708
431
346
141
5,769
9,346
2,477
6, 869
1,466
1,200
706
1,803
4,757
441
347
146
5,915
9,326
2,479
6,847
1,412
1,204
714
1,812
4,790
451
354
150
5,900
42, 627
14, 040
867
2,109
3,901
9,371
1,781
4, 773
5,784
42, 283
14, 023
604
2,091
3,874
9,358
1,786
4,768
5,779
42, 752
14, 135
944
2,096
3,906
9,348
1,791
4,756
5,776
43, 212
14, 302
942
2,163
3,948
9,391
1, 794
4,757
5,915
11, 449
6,000
17
11, 460
5,982
17
11, 549
6,070
18
642
381
289
403
106
963
652
386
297
408
108
978
511
43
44, 096
14, 777
7, 978
6,799
922
103
74
382
r 45, 898 ' 45, 866 ' 46, 577 p 45, 196
r 15, 827 ' 15, 758 ' 15, 765 P 15, 689
' 8, 618 ' 8, 658 ' 8, 701 p 8, 679
' 7, 209
7,100
' 7, 064
p 7, 010
'935
'934
'939
p929
102
102
103
p 104
74
74
73
'402
'406
'403
P403
45, 080
15, 450
8,294
7,156
950
103
75
408
45, 684
15, 685
8,423
7,262
946
103
75
407
262
101
2,532
4,062
1, 414 ,
148
620
47
530
261
103
2,629
4,120
1,441
146
623
47
532
259
103
2,626
4,139
1,458
146
622
48
530
'256
102
' 2, 631
' 4, 132
1,462
145
621
48
525
254
102
' 2, 571
r
4, 123
1,465
145
615
48
524
9,411
2,502
6,909
1,411
1,205
733
1,827
4,826
482
362
156
5,832
9,390
2,528
6,862
1,372
1,203
746
1,831
4,841
515
363
152
5,741
9,474
2,582
6,892
1,387
1,200
749
1,837
4,827
512
359
147
5,793
9,641
2,605
7,036
1,474
1,210
743
1,827
4,816
475
358
150
6,004
'
'
'
'
'
'
'
'
43, 578
14, 629
941
2,223
3,888
9,459
1,803
4,766
5,869
44, 010
14, 802
943
2,299
3,995
9,532
1,809
4,778
5,852
44, 259
14, 977
915
2, 366
4,021
9,556
1,804
4,769
5,851
44, 914
15, 333
942
2,434
4,073
9,651
1,819
4,779
5, 883
45, 196
15, 444
'942
2,454
4, 119
9,650
1,836
4,768
5,983
11,597
6,195
18
11, 841
6,456
19
12, 066
6,596
19
12, 151
6,597
19
12, 802
6,900
20
13, 016
7,013
22
13, 133
7.186
22
677
399
301
410
109
982
692
410
303
419
113
1,007
723
430
303
432
116
1,026
741
437
303
441
118
1,050
750
444
303
440
114
1,054
783
465
319
459
122
1,086
790
468
327
458
117
1,105
'785
462
329
471
127
1,117
512
507
523
529
538
-542
550
552
'553
553
556
45
45
45
46
46
45
46
46
'46
'45
47
693
698
709
722
742
769
773
814
837
'850
'849
'851
107
937
561
978
675
184
66
46
172
345
112
960
573
872
567
184
68
45
171
356
114
981
580
879
576
184
67
44
172
361
118
1,003
595
899
595
185
67
44
174
363
119
1,022
606
1,045
736
185
67
48
176
362
122
1,033
615
1,078
765
187
68
49
180
367
120
1,032
620
1,070
757
188
68
48
178
358
132
1,060
655
1.118
761
199
79
48
187
399
137
1,050
673
1,134
788
209
76
49
199
418
137
' 1, 104
' 710
' 1, 157
'795
'225
'76
50
205
'436
' 136
' 1, 133
'720
'1,128
'750
'239
' 76
52
209
'433
'
9, 752
2, 625
7, 127
1, 539
a, 219
'741
1,821
4,757
'441
356
151
6,039
255
99
' 2, 393
' 4, 124
1,460
145
621
49
523
9, 898 ' 10, 460
2, 623
2,623
7,837
7, 275
1, 653
2,060
1,264
1,243
753
747
' 1. 821
1,829
4,696
4, 723
432
433
353
353
149
147
6,376
6,037
P2,266
P 4, 054
P
p
P
P
p
9, 675
2, 597
7, 078
1, 506
1, 239
p753
p 1, 828
p 4, 667
' 45, 408 ' 45, 494 ' 45, 584 p 45, 745
' 15, 606 ' 15, 628 r 15, 666
p 15, 750
r
' 934
934
'937
P935
' 2, 506 ' 2, 521 ' 2, 442
2,490
' 4, 124
' 4, 126
' 4, 138
4,089
' 9, 630 ' 9, 622 ' 9, 709
9,806
' 1, 847
'1,839
1,839
1,837
' 4, 743
4,747
4,738
4,733
6,119
6,019
6,077
6,100
' 13, 029 ' 13, 038 p 12, 951
' 7, 241 p 7, 208
' 7, 198
24
23
p24
774
454
327
'477
129
1,125
r
'753
441
'325
' 473
127
1, 142
133
' 1, 163
'723
r
1, 151
754
255
79
52
212
r 424
*>720
P468
p 1, 147
P841
p 1, 197
P700
P 1, 168
P211
P410
Nondurable-goods industries
do
5,449
5,478
5,402
5,479
5,385
5,554
5,902
5,470
6,003
' 5, 947 ' 5, 831 ' 5, 797 p 5, 743
r
Food and kindred products
do
1,065
1,078
1,055
1,060
1,141
1,090
1,231
1,331
1,350
' 1, 260 ' 1, 191
1, 150
P 1, 098
Meat products
do
244
232
223
228
227
233
236
235
236
244
253
240
Dairy products
do
95
103
97
99
114
114
108
116
107
102
100
97
Canning and preserving
do
117
120
110
109
127
151
223
302
324
'226
' 168
140
Bakery products
do
186
188
191
190
191
193
192
194
194
193
191
'196
Beverages..
do
134
141
135
139
146
157
164
169
159
149
146
'149
Tobacco manufactures
do
76
81
85
78
76
82
75
75
89
'84
'82
'89
P80
Textile-mill products
do _
1,172
1,177
1,183
1,183
1,162
1,174
1,224
1,160
1,255
1,261
' 1, 258 P 1,258
' 1, 264
Broad-woven fabric mills. _
do
568
574
573
571
573
580
571
595
606
606
603
607
Knitting mills
do
223
223
221
218
209
213
212
227
233
234
234
236
Apparel and other finished textile products
thousands. _
1,032
1,003
1,065
1,058
976
979
976
1,089
1,099
' 1, 059
' 1, 100
' 1, 067 P 1,068
Men's and boys' suits and coats. _
do
132
130
135
136
129
135
127
138
137
136
'138
137
Men's and boys' furnishings and work
clothing
thousands
241
244
241
245
239
238
232
252
254
254
'254
252
Women's outerwear
do
302
315
305
272
254
248
266
307
305
'276
297
297
Paper and allied products
do
385
386
391
389
392
399
396
410
418
'421
'427
428
P424
Pulp, paper, and paperboard mills. _ _ d o
199
200
201
200
202
205
204
207
210
211
212
210
Printing, publishing, and allied industries
thousands. .
493
495
496
497
498
500
499
504
510
514
515
' 518
,513
Newspapers
. . ...
do
142
145
146
148
149
150
150
150
151
'150
150
153
Commercial printing
_do
167
165
165
165
164
166
164
165
167
171
170
171
'Revised.
p Preliminary.
fRevised series. Beginning
~ ' ' with the October 1949 SURVEY, the indicated series on employment, payrolls, and hours and earnings have been revised to incorporate three major changes:
(1) adoption
/o\
^ - ' , of the ciurr^nt Standard Industrial Classification for manufacturing industries; (2; ^classification of reporting establishments on the basis of major postwar product or activity;
(3) adjustment to 1947 bench-mark levels and a revision in estimating production-worker employment. Published revisions are as follows: Employees in nonagricultural establishments by
major groups—unadjusted series on p. 24 of the November 1949 SURVEY (except for data on trade and service which have been further revised for 1939-46 and are shown on p 22 of the December 1950 issue); adj. series (total, mfg., trade, and service), p. 23 of the December 1950 issue; other components of the adj. series, p. 22 of the May 1950 SURVEY- production workers in mfg —
total and durable-goods industries, pp. 17 and 24 of the September 1950 SURVEY; nondurable-goods industries, pp. 23-24 of the October 1950 issue. Unpublished revisions will be shown later
cf Revisions for metal and bituminous-coal mining for August 1948-June 1949 are shown in note at bottom of p. S-ll of the September 1950 SURVEY
SUKVEY OF CURRENT BUSINESS
S-12
March 1951
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
January
February
March
April
May
June
July
August
September
October
November
523
159
190
147
219
92
'230
521
160
191
148
'222
'94
360
226
December
January
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Production workers in mfg. industries f— Con.
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Chemicals and allied products
thousands. .
Industrial organic chemicals
do
Products of petroleum and coal
do _
Petroleum refining _-.
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) t
1939=100-.
Manufacturing production-worker employment
index, adjusted (Federal Reser ve)t... -1939 =100. Miscellaneous employment data:
Construction (Federal and State)
do
Maintenance (State)
do
Federal civilian employees:
United States
thousands..
Washington, D.C., metropolitan area ---do
Railway employees (class I steam railways) :
Total
- thousandsIndexes:
Unadjusted
.1935-39=100.Adjusted
do
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor) t-- -1939 =100-.
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :t
All manufacturing industries
hours. _
Durable -goods industries
do
Ordnance and accessories
. . do
Lumber and wood products (except furniture)
..
.. _ hours_Sawmills and planing mills
do. _.
Furniture and
fixtures
do
Stone clay, and glass products
do
Glass and glass products .
-do __
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
_
hours
Primary smelting and refining of nonferrous
metals
__
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment) hours. _
Heating apparatus (except electrical) and
plumber's supplies
hours
Machinery (except electrical) _.
_ _-do Electrical machinery
do
Transportation equipment
do
Automobiles
do
Aircraft and parts __
... do
Ship and boat building and repairs do
Railroad equipment
___ _
do
Instruments and related products
do
Miscellaneous mfg. industries
do
Nondurable-eoods industries
Food and kindred products
Meat products
Dairy products
_
Canning and preserving
Bakery products
Beverages _ _.
.
Tobacco manufactures
Textile-mill products _.
Broad-woven fabric mills
Knitting mills
_ do
-do
do
do ...
_.do
do
do._do
do
-do
do
Apparel and other finished textile products
hours. _
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
__ __
hours
Women's outerwear
do
Paper and allied products
do
Pulp, paper, and paperboard mills. _. do
Printing, publishing, and allied industries
hours. _
Newspapers
do
Commercial printing
.do
Chemicals and allied products . .
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products . _ _
do
Tires and inner tubes
__do_
Leather and leather products
do
Footwear (except rubber)
do
r
480
144
184
145
187
83
348
231
485
144
183
144
188
83
357
235
487
145
182
143
189
83
357
235
490
146
176
136
191
84
341
222
485
148
177
136
194
86
335
218
482
150
181
138
199
88
343
224
479
151
182
138
200
88
351
230
491
155
193
147
208
90
370
237
506
158
189
145
215
92
372
237
139.8
141.6
144. 5
147.3
148.3
156.3
158.9
160.3
159.0
r
159. 2
p 158. 1
150. 9
155.0
156.0
' 157. 6
157.4
r
157. 8
* 158. 7
139.9
141.0
140.5
140.2
141.3
143.2
147. 1
148.9
220 000
54, 6C3
115, 154
217 821
52, 854
114, 714
228, 932
114, 891
63,347
250 272
82 362
116 980
282 425
108, 956
121, 802
312, 091
129, 051
128, 470
327, 886
141, 983
130, 168
336, 600
149, 185
130, 714
1,801
213
1,801
213
1,940
214
1,939
214
1,851
213
1,819
214
1,839
215
1,913
218
'r 327, 953
145, 988
126, 664
••367
317, 566
140, 543
123, 493
'523
162
'191
148
222
93
'358
'229
p 528
P 190
P221
P363
284, 753 P 246, 606
109, 993 r 76, 326
122, 681 P 118, 487
1,945
219
1,977
222
2,005
1,322
226
2,024
228
2,082
234
1,180
1, 154
1,177
1,221
1,163
1,272
1,279
1,302
1,315
1,324
v 1, 313
P 1,286
112.8
117.3
110.3
113.0
112.5
115.3
116.7
118.6
111.0
111.5
121.6
120.0
122.3
119.7
124.5
121.9
125.8
122.8
126.6
122.5
126.6
' 125. 2
v 125. 1
P 127. 1
p 122. 8
p 127. 7
329.2
330.0
333.5
337.2
348.0
362.7
367.5
394.4
403.2
415.8
' 415. 1
424.9
39.7
40.0
40.2
39.7
40.1
40.4
39.7
40.2
40.6
39.7
40.7
40.6
39.9
40.8
40.7
40.5
41.3
40.7
40.5
41.1
42.6
41.2
41.8
42.6
41.0
41.7
43.1
41.3
'42.1
41.2
41 9
43.4
39.2
38.3
41.1
39.8
39.7
39.5
39.8
39.4
41.7
40.0
40.0
39.6
40.4
40.1
41.7
40.1
40.1
38.9
40.7
40.5
41.3
40.4
40.2
40.4
40.7
40.5
41.2
40.8
40.5
40.5
41.6
41.6
41.8
41.1
40.2
40.8
41.1
40.9
41.0
40.9
39.5
40.7
42.0
41.9
42.8
41.6
39.8
41.1
41.2
40.1
42.6
41.5
39.0
41.4
^41.8
'42.6
'42.5
'41.4
'41.9
•-41.9
'41 3
41.1
42 6
' 42 1
41 3
' 41 8
39.3
39.3
37.5
40.0
39.7
39.8
39.9
40.1
40.2
'40.8
40 7
41.3
40.4
40.7
40.8
40.8
40.9
40.3
40.9
41.2
'41.5
' 41 1
41 9
40.3
40.3
40.3
40.7
40.7
41.5
41.1
42.1
42.1
42.3
'41.9
42.5
39.7
39.8
40.5
40.5
40.9
40.7
37.8
38.0
39.7
40.2
89.7
40.3
40.4
39.7
39.6
40.7
37.5
39.4
39.9
40.2
40.0
40.6
40.5
40.2
40.4
40.5
38.2
39.2
40.0
40.2
39.9
41.0
40.6
41.3
42.2
40.3
37.9
39.2
40.0
40.2
40.3
41.3
40.8
41.0
41.4
40.8
38.4
39.8
40.4
40.3
40.7
41.5
40.4
42.0
42.8
40.7
38.3
39.2
40.7
40.5
41.2
41.6
40.6
41.5
42.1
41.2
38.1
39.1
40.9
40.3
41.9
42.3
41.0
42.0
42.3
42.4
39.2
39.5
41.7
41.6
42.3
42.4
41.4
40.9
40.6
42.7
38.3
40.4
42.5
42.1
42.4
42.9
42.1
'41.0
'41.1
'41.9
'38.3
40.0
'42.5
42.3
41 6
43. 1
'41 9
'40.6
' 40 2
42.3
'38.7
40.1
'42 4
42 4
42 1
43 7
' 42 0
'41 5
41 1
43.2
39.8
40.8
42 3
' 41 9
39.4
41.4
42.9
44.5
38.2
41.1
39.7
38.0
39.4
40.0
36.8
39.3
40.7
40.4
43.8
37.7
41.6
40.0
36.2
39.6
40.1
37.2
39.2
40.7
40.3
43.7
36.8
41.5
40.1
36.7
39.2
39.8
37.0
38.5
40.4
39.8
43.9
36.3
41.2
40.7
35.5
37.8
38.4
35.0
38.9
41.0
40.7
44.3
37.2
41.6
41.1
36.7
37.9
38.5
35.0
39.5
41.8
41.3
45.0
38.9
41.9
42.0
38.3
38.7
39.2
36.2
39.8
42.3
41.8
45.3
41.4
41.7
42.3
38.4
39.0
39.5
37.0
40.5
41.9
40.7
45.0
40.6
41.8
41.3
39.5
40.5
40.8
39.2
40.1
42.0
41.7
44.7
44.1
41.2
41.2
39.2
40.7
41.1
38.9
40.3
'41.6
'40.8
'44.5
'40.5
41.4
'41.0
'38.3
40.6
40.9
'39.2
40.3
41 8
43 3
' 44.2
' 38 4
41 4
40.8
'38 0
40.7
41 1
38 8
'40 4
'42 2
45 1
44 2
37 1
41 6
40 2
'39 0
'40.8
41 4
38 2
P 40 1
P 41 8
36.0
35.4
36.7
37.0
36.4
37.5
35.2
35.5
35.7
36.7
35.8
36.7
36.2
36.9
37.6
37.7
35.7
35.4
37.3
37.9
36.9
37.9
'36.6
37.5
P36.5
36.2
35.0
42.2
43.0
36.4
35.9
42.5
43.4
36 2
35.4
42.6
43.4
35.5
34.5
42.3
43.2
35.9
34.6
42.3
43.2
36.2
33.8
43.0
43.8
36.1
34.7
43.3
44.0
38.0
36.2
44.0
44.6
37.4
32.2
44.0
44.3
'38.3
'34.7
44.0
44.5
37 7
34 6
44 2
44.6
r 44 4
38.5
36.5
40.0
41.3
40. 3
40.7
40.7
39.4
38.4
37.7
37.4
38.2
36.3
39.3
41.1
40.0
39.8
39.6
39.2
38.3
38.1
37.8
38.6
36.8
39.6
41.1
40.0
39.7
39.6
39.3
37.4
37.9
37.4
38.6
37.1
39.4
41.2
40.1
40.8
40.5
40.0
39.0
35.8
34.7
38.7
37.3
39.8
41.2
40.5
40.6
39.9
41.1
41.1
35.4
34.2
38.7
37.2
39.6
41.4
40.8
41.1
40.2
41.4
40.6
37.2
36.4
38.5
36.6
39.6
41.2
40.7
41.6
41.0
41.2
40.4
38.1
37.7
38.9
36 5
40.1
41.6
40.7
40.6
39.4
41.8
41.8
39.2
'38.8
39.2
36.9
40.6
41.8
40.8
41.7
41.2
41.9
40.9
38.1
'37.6
'39.0
'36.8
39.9
'42.0
40.9
'41.6
'41.1
'41.9
'40.2
'37.8
'36.7
39.0
37 2
39 8
' 41 9
40.9
41 3
40.8
' 41 6
' 40.1
37.4
'36.0
-•43.2
'41.4
42 2
'42 5
P40. 6
p 41 1
P 40 5
'41 2
40.8
'42 2
42 0
40 8
r 42 3
P 40 9
T
P 41 4
P 41 0
P 41 0
41 0
37 1
35 2
*41.3
P 43 5
P 41 0
p 38 5
p 41 8
p 41 0
P 38 4
P 40 6
p 44 1
44.9
'39.6
38 1
40 7
' 42.0
40.8
41 2
40.7
' 41 8
40.1
'38.3
37.4
P38.6
p 41 8
P 40 8
p 40 2
P38.9
Revised.
p Preliminary.
tRevised series. See note marked ' 't" on p. S-ll. The adjusted manufacturing employment index was further revised in the November 1950 SURVEY; revisions for January 1939-August
1949 are available upon request.
§Total includes State engineering, supervisory, and administrative employees not shown separately.
SUEVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-13
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS—Continued
Average weekly hours per worker, etc.f— Continued
Nonmanufacturing industries:
Mining:
Metal .
hours..
Anthracite
_ do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours
Nonmetallic mining and quarrying.
do
Contract construction
do
Nonbuilding construction
_ _ _ _ do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone _ .
do
Telegraph
do
Gas and electric utilities.
do_
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food and liquor
do
Automotive and accessories dealers do
Service:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do
Industrial disputes (strikes and lock-outs) :
Beginning in month:
Work stoppages
number.
Workers involved
thousands
In effect during month:
Work stoppages
number
Workers involved
.thousands
Man-days idlp, during month
do
Percent of available working time ..
U. S. Employment Service placement activities:
Nonagricultural placements
thousands
Unemployment compensation:
Initial claims
do
Continued claims
do
Benefit payments:
Beneficiaries, weekly average
_
do
Amount of payments
thous. of dol__
Veterans' unemployment allowances:
Initial claims
do
Continued claims
_do
Claims filed during last week of month_._do
Amount of payments
thous of dol
Labor turn-over in manufacturing establishments:
Accession rate. .-monthly rate per 100 employees ..
Separation rate, total
_. do
Discharges
do
Lay-offs
do
Quits
do
Military and miscellaneous
do
42.0
23.9
24.5
41.9
20.6
25.4
41.1
41.5
39.2
41.6
29.0
36.0
41.6
34.7
34.1
41.6
32.6
34.7
41.1
34.8
34.6
41.9
33 2
35.5
42.2
34.5
35.5
41.8
41.4
35.2
37.4
34.8
40.0
41.4
34.3
37.8
33.7
39.8
41.6
35.1
38.7
34.5
41.2
43.6
36.6
40.9
35.6
40.0
44.4
37.3
40,7
36. 5
40.0
44.9
38.0
42.0
37.0
41.6
44.6
37.9
41.5
36.9
40 3
45.2
38 6
42.7
37 6
40.5
45.1
37 7
41.5
36 7
44. 2
38.5
44.1
41.7
44.4
38.6
44.1
41.4
44.4
38.5
44.1
41.2
44.5
38.7
44.6
41.3
44.8
38.9
45.4
41.3
45.3
39.1
44.9
41.5
45.1
39.4
45.0
41.6
44 8
39.3
45 0
41.5
45 1
39.6
44 6
41 6
M3.9
37.2
36. 1
r
r
r
r
r
41.4
M5.8
r
38 5
'42.5
37 4
43.3
31.3
36. 5
44.0
32.8
38.7
40. 5
45.0
38 0
Ml. 2
37 3
40.2
44.0
37.2
40.5
36.5
45 5
38.0
44 4
41.9
46.1
39.1
44.8
42.2
45 3
r
38. 4
r
44 8
Ml. 8
r
40.6
40.3
40.3
40/1
40.4
40.6
40.9
40.9
40 7
r
40.9
r
40.9
41.3
36.9
40.0
45.8
36.8
40.1
45.3
36.5
40.0
45.8
36.1
40.1
45.8
36.4
40.1
45.9
37.2
40.8
45.9
37.7
41.5
45.7
37.4
41 5
45.6
36.4
40 4
45 6
'36.3
40 0
r
45.5
r
r
35.9
40 0
45.8
37.9
40.2
45.8
43.9
41.5
41.2
43.8
40.8
39.9
43.8
41.0
40.6
44.0
41.0
40.4
44.1
41.7
43.0
43.8
42.0
43.0
43 8
41.5
41.4
44 0
40 6
40 0
43 8
41 3
41 6
r
44 0
41 0
41 0
43 6
40 8
41 4
43.7
41.1
41.3
245
170
205
56
300
84
405
156
485
352
480
271
460
220
620
340
525
275
525
180
250
160
200
40
400
185
365
595
2,700
.39
355
590
8,600
1.40
450
630
3, 900
.51
600
290
3,300
.49
715
505
3,300
.44
755
390
2,600
.34
705
390
2 800
.40
860
430
2 600
.31
800
460
3 500
' .48
800
300
2,450
.30
575
275
1,750
.23
400
100
1,000
.14
550
215
1,200
.15
305
289
368
406
489
494
486
624
618
612
515
421
486
1,725
9,000
1,240
8,068
1,294
8,261
1,543
6,656
1 367
6,702
1 104
5,827
971
5,115
641
4 424
558
3 293
720
3,141
907
3,520
1,051
3,873
1,080
4,922
2,078
186, 383
2,027
167, 212
2,098
187, 215
1,559
138, 969
1,567
138, 778
1,388
119, 430
1,158
99, 714
983
89, 681
806
64, 458
652
57, 533
734
62, 389
000
66, 969
983
91, 560
29
289
66
5,753
23
258
63
5 069
20
275
58
5 713
14
187
43
3 838
14
160
33
3 185
18
128
27
2 526
13
112
25
2 209
9
92
19
1 988
5
55
10
1 126
4
30
6
629
5
24
5
487
5
25
6
464
4
27
6
554
3.6
3.1
.2
1.7
1.1
.1
3.2
3.0
.2
1.7
1.0
.1
3.6
2.9
.2
1.4
1.2
.1
3.5
2.8
.2
1.2
1.3
.1
4.4
3.1
.3
1.1
16
.1
4.8
3.0
.3
.9
1.7
.1
4.7
2.9
.3
.6
1.8
.2
6.6
4.2
.4
.6
29
.3
5.7
4.9
.4
.7
34
.4
5.2
4.3
.4
.8
27
.4
4.0
3.8
3
1. 1
2l
.3
'3.0
3.6
.3
1.3
1.7
.3
"5.1
p
4:2
P 3
* 10
v22
v 7
56.29
59. 40
60.70
56.37
59.47
60.88
56.53
59.74
61 31
56.93
61.01
61.43
57.54
61.57
61 66
58. 85
62.86
61 90
59.21
63.01
64.92
60.32
64.33
66 12
60.64
65 14
67 41
r
r
48.02
47.38
51.13
55.32
59.31
63.79
50.55
50. 59
52.29
55.56
59.36
63. 48
52.24
51.85
52.17
55.70
59.35
62.40
53.36
53. 10
51.67
56.56
59.58
65.00
54.38
54 19
51.50
57.28
59 78
65.57
56.28
56.08
52.50
58. 12
59 74
66.50
56.27
55.95
52.03
58.57
60 24
66.95
58. 30
57 95
54.87
59 43
59 10
67.36
57.84
57 69
55.42
60 88
61 31
69. 10
r
r
r
r
r
65.83
64.81
61. 84
66.08
65 86
66 63
67.83
67 37
WAGES
Average weekly earnings (U. S. Department of
Labor) :f
All manufacturing industries
dollars. _
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars _ _
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals ._
_ dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars _.
Heating apparatus (except electrical) and
plumbers' supplies
.dollarsMachinery (except electrical)
do
Electrical machinery.
__
do
r
62.07
60.24
61.13
61.98
62.54
62.83
' 63. 80
68. 24
68 64
* 62. 97
v 66 71
P 65 73
r
62.38
66 58
r 70 79
r
r
* 58. 83
58 56
56. 27
63 11
65 66
69. 81
r 57. 53
57 21
56 83
63 36
67 07
r
70. 39
' 56. 61 p 56. 28
55 94
'r 56. 59 * 55 97
63. 38
P 62 28
65 61
r
74. 62
» 73 10
69 30
r
68 87
r
68 91
75 07
63 15
64.44
r
66 40
r
67 98
69.85
r
T
59.93
59.68
59.64
60.56
60.89
62.87
62.55
64.79
65.72
' 66. 66
' 66. 50
68.72
P 66. 70
59.23
61.57
58.44
59.59
62.55
58.26
60.20
63.34
58.44
60.76
64.33
58.71
61.30
65.09
59.28
62.11
65.69
58.62
63.28
66.35
59.44
65. 53
67 98
60 15
66.83
68 94
61.48
T
r
r
68 09
71 00
64 12
r
69.04
74 25
65. 31
P 74 60
v 64 12
70.46
73 77
64.96
62.08
64.52
57.52
51.94
69.62
71 66
65 61
63.21
64.99
58.34
52.47
72.53
75 76
65.32
62.39
64. 56
58.93
52.69
71.71
74 35
66.54
64.20
64.40
58. 98
52.47
72 87
75 21
68 94
64 84
65.29
61 13
54.87
72.39
73 81
71 18
62 89
68.72
63 58
64.04
r
73 02
75 21
70 18
62 89
69. 04
64 77
56.98
' 72 67 ' 74 99 •P 68 57
r 74 13
76 28
74 61
71 53
T
66 11
64
32
r
72.42
69.
29
r
r
65 95
P 65 75
65 34
' 57. 49
v 56. 66
57.16
68.12
Transportation equipment
do
66.58
67.46
Automobiles
do
70.14
67.64
69 08
Aircraft and parts
_ _
do
65.20
65.69
65.29
Ship and boat building and repairs do_
61.46
61.16
62.53
64.21
Railroad equipment
do
61.60
64.89
Instruments and related products
do
56.49
56.86
57.40
Miscellaneous mfg. industries
do
51.62
51.78
51.82
Revised.
» Preliminary.
tRevised series. See note marked "t" on p. S-ll.
61.61
61.99
66. 39
68 64
r
r
r
r
67 56
rr 72 24
64 44
r
r
SURVEY OF CURRENT BUSINESS
S-14
1950
Unless otherwise stated, statistics through
1949 Statistical Supplement to the Survey
March 1951
January
February
March
April
May
June
1951
July
August
September
October
November
December
January
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average weekly earnings, etc.f— Continued
All manufacturing industries — Continued
Nondurable-goods industries
dollars
Food and kindred products
do
Meat products
do
Dairy products
do
Canning and preserving
do
Bakery products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products. . _
do_ _.
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars _ _
Men's and boys' suits and coats
do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
_ _ _ _ do. _
Pulp, paper, and paperboard mills do
Printing, publishing, and allied industries
dollars-Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Non manufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars
Nonmetalic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
.
do
Transportation and public utilities:
Local railways and bus lines.
do
Telephone
do
Telegraph
do
Gas and electric utilities. _
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do
Food and liquor
do
Automotiye and accessories dealers do
Finance:
Banks and trust companies.
do
Service:
Hotels, year-round. __
do
Laundries
_ _
do
Cleaning and dyeing plants
do
Average hourly earnings (U. S. Department of
Labor) :f
All manufacturin g industries
dollars.
Durable-goods industries
do
Ordnance and accessories _
do
Lumber and wood products (except furniture)
dollars..
Sawmills and planing mills.
do
Furniture and fixtures
do
Stone, clay, and glass products ._
do
Glass and glass products _
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars __
Heating apparatus (except electrical) and
plumbers' supplies __ . _
dollars
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment _
do
Automobiles
do
Aircraft and parts
. .
do
Ship and boat building and repairs, do
Railroad equipment
do
Instruments and related products
_do
Miscellaneous mfg. industries
do
52.91
54.94
60.19
55. 67
45. 15
52.07
63.52
39.25
47.36
48.16
41.73
53.06
54.05
55. 99
54.88
44.94
52.96
64.52
38.48
47.88
48. 16
43.38
53.04
54.42
56.14
54.63
44.79
52.75
65.16
39.49
47.39
47.72
43.55
52.17
54.14
55.64
54.79
44.32
52.37
66.38
38.59
45.51
45.81
40.60
52.83
54.90
57. 10
55.02
45.01
53.12
66.71
39.67
45.63
45.82
40.67
53.92
56.01
58.11
55. 85
45.94
53. 21
68.96
41.59
46.75
46.92
41.85
54.73
56.94
59.31
57.21
47. 73
53.88
70.11
42.12
47.27
47.52
42.77
55.65
56.19
57.92
56.57
47.91
54. 34
68.39
43.37
49. 33
49.29
45.67
55. 30
56.36
62.59
56.81
47.18
53.85
67.86
42.02
49.98
49.90
45.63
r
56, 58
' 56. 83
'r 61. 24
56. 74
»• 49. 05
' 54. 19
r
68. 14
Ml. 21
52. 58
' 53. 17
' 47. 67
57.19
' 57, 98
r
65. 34
r 56. 75
r
47. 58
r
54. 86
r
67. 85
r
42. 41
42.70
47.72
44.48
49.88
43.50
50.81
40.80
47.46
41.27
48.92
41.89
48.99
43.22
49.22
46. 06
51.08
43.09
47.75
' 45. 51
51.77
r
33. 63
50.86
57.56
61.62
35.64
52.63
57.80
61.71
35.62
49.67
58.06
61.89
35.00
46.06
58.20
62.42
35.29
45.57
58. 08
61.82
35. 55
45.87
60. 03
64.21
35. 34
49.62
61.36
65.74
37.43
54. 01
62.74
66.99
37.18
46.43
63.10
66. 89
r
70.49
76.43
70.80
60. 05
63.63
73.79
77.41
60.52
67.70
42.90
40.77
70.75
76.38
70.70
59.96
62.64
71.64
74.84
59. 90
67.22
44.08
42.22
72.14
78.42
71.56
60.09
62.56
71. 54
74.88
59.70
65. 26
44.15
42.15
72.18
79.88
70.88
60.56
63.12
73.85
77.11
61.76
69.23
41.96
39.18
72. 64
81.05
71.68
61.18
63. 91
73.28
75. 73
64.52
74.60
41. 56
38.48
72.72
80.76
71.79
62. 39
65.16
74.37
76.82
65.08
74.05
43. 60
40.84
72.30
79.20
71.95
62.99
66.02
76.09
78.93
66.59
75.22
44.73
42. 53
73. 17
78.84
72.38
63. 48
65.85
73.73
75.29
66.25
76.01
46.49
44.39
74.48
81. 11
73.61
64. 16
67.52
76.77
79.72
66.58
75.46
45. 72
43.32
<• 64. 55
* 67. 98
* 77. 71
r
80. 93
r
66. 29
r
73. 12
' 45. 04
' 42. 76
64.71
44.60
47.36
62.81
40.23
49.83
61.81
80.01
78.75
62.90
57. 25
72.79
63.11
68.81
68.37
63.40
64.94
69.92
63.17
68. 59
69.68
64.48
65.77
71.04
66.38
68.45
71.92
•• 69. 84
75. 59
' 72. 99
76.24
53.36
68.01
65.56
68.76
71.88
54.36
66.89
66.94
67.00
70.88
55. 37
68.59
68.34
68. 83
74.41
58.03
70.93
71.41
70.70
70.88
59.45
72.74
71.71
72.93
71.08
60.39
73.66
73.75
73.82
75.59
60.92
74.05
73. 70
74.02
71.01
61.74
75.96
76.48
75.99
73.47
62.51
75.89
75.86
75.86
r
77. 67
' 64. 03
* 77. 92
r
77. 65
' 77. 87
65.11
53.13
62.84
66.09
65.22
53.69
62.97
65.08
65.53
52.98
62.93
64.81
65. 90
53.44
64.13
65.17
66. 56
53.72
65. 38
65.17
' 67. 41
54.19
64. 21
65.99
67.47
54.96
64.13
66.52
66.84
54.71
63.99
65.65
67. 42
55. 80
64.49
67.35
r
58.14
58.27
58.56
58.79
59.11
59.93
61.10
60.90
60.93
r
35.68
50.68
58.72
35.44
50.85
57.76
35.04
50. 76
59.22
34.66
50.93
60.36
35.49
50.81
60.50
36.60
51.82
62.29
37.32
53. 37
63.71
36.11
52.12
63.52
«• 36. 01
»• 51. 80
r 63. 94
r
35
r
45.29
45.52
45.37
45.83
45.54
45.42
46.34
46.36
46.75
r
47. 78
r
33.06
35. 15
40.75
33.51
34.39
39.26
33.07
34.56
40.40
33.26
34.85
40.48
33.34
35.74
43. 69
33. 33
36.33
44.03
33.51
35.61
42. 02
33.92
34.83
40.16
34.30
35 93
42 56
r
34. 67
35. 79
42. 15
1.418
1. 485
1.510
1.420
1.483
1.507
1.424
1.486
1.510
1.434
1.499
1.513
1.442
1. 509
1.515
1.453
.522
.521
1.462
1.533
1.524
1.464
1.539
1.552
1.479
1.562
1. 564
1.514
1 589
1 631
' 1. 541
r
1 617
r
1 615
p 1.551
P 1 623
P 1 623
1.225
1.237
1.244
1.390
1.494
1.615
1. 270
1.284
1.254
1.389
1.484
1.603
.293
.293
.251
.389
.480
.604
1.311
1.311
1.251
1.400
1. 482
1.609
1.336
1. 338
1.250
1.404
1.476
1.619
.353
.348
.256
1.414
1.486
1.630
1.369
1.368
1.269
1. 432
1.523
1.645
1.388
1.383
1.282
1.428
1.485
1.639
1.404
1.407
1 301
1.467
1.572
1 669
' 1.404
* 1.401
1 321
r
1. 485
r
1.586
1 666
r
P 1.376
r I 684
1.374
1.371
1 341
1 509
1.608
1 764
1.675
1.649
1.649
1. 652
1.659
1.674
1.700
1.680
1.724
' 1. 683
' 1. 695
1.831
1.503
1.491
1.502
1.510
1.519
1.529
1.539
1.544
1.564
'1.600
r
1. 654
1.667
1.487
1.481
1. 480
1.488
1.496
1.515
1.522
1.539
1.561
"-1.576
r 1. 587
1.617
p 1. 615
.492
.547
.443
.501
.552
.442
1.505
1.560
1.443
1.519
1.569
1.446
1.521
1.576
1.453
1.526
.583
.451
1.536
1.595
1.464
1.564
1.607
1.467
1.580
1.626
1.485
r
1 606
' 1.655
r
1 523
r
1 624
r
1. 676
r i 533
1 640
»• 1. 699
r i 555
P 1. 715
P i 564
.682
.715
.602
.626
.621
.423
.288
.677
.708
.614
.631
.647
.425
.284
1.678
1.710
1.612
1.637
1.638
1.435
1.289
1.706
1.748
1.612
1.638
1.646
1.438
1.292
1.698
1.731
1.608
1.646
1.633
1. 444
1.302
.727
.770
.605
.629
.647
.448
.301
1.728
1.766
1.615
1.685
1.647
1. 442
1. 302
1.735
1.778
1.626
1. 654
1.653
1.466
1.319
1.770
1.818
1.667
1.642
1.701
1.496
1.331
r
1 781
1 830
1 675
' 1. 642
r
1 726
r
1. 524
1.347
r i 790
1 844
1 691
r
1. 662
r \ 728
' 1. 541
1 348
r
1.358
1.339
1.403
1.242
1.210
1.277
1.623
.365
.340
.407
.241
.181
.270
.642
1 379
1.342
1 501
1.271
1. 148
1.307
1.647
r
1 419
r i 337
r i 509
r
1 284
r
2 239
r
1. 325
'1.663
1
.343
.350
1.353
Nondurable-goods industries
do
.327
.328
Food and kindred products.
do _
1.337
.386
.403
1.393
Meat products
do
.251
.253
1.250
Dairy products
do
.192
.182
1.217
Canning and preserving..
do .273
.267
1.271
Bakery products
do
.613
.600
1.625
Beverages
.
do
'Revised.
v Preliminary.
fRevised series. See note marked "f" on p. S-ll.
1.355
1.340
1.398
1.248
1.221
1.271
1.631
•
1.375
1.346
1.419
1.263
1.153
1.292
1.681
37.06
53.04
63.66
1 374
1.341
1 423
1.257
1.180
1.300
1.656
38. 38
'f 50. 94
63. 27
r 67. 20
* 74. 22
r
81.07
r
73. 78
67. 77
56. 18
64. 74
»• 67. 93
r
r
r
1.501
1.577
1 589
r
r
1 404
1 366
r I
r
501
1 275
1.211
1. 309
' 1. 662
r
r
p 58. 47
v 60. 02
53.68
48.03
58. 26
' 59. 63
69.50
57.64
46.12
55.37
68.26
' 43. 52
r 53. 49
54.28
47.29
44. 50
52.38
' 45. 86
55. 05
P 46. 83
r 53. 19
38.53
48. 41
r 64. 93
r
69. 17
38.58
51. 99
' 66. 11
70.45
' 74. 10
r
82. 32
' 72. 85
r
65. 32
' 68. 75
r
78. 43
81.80
* 66. 68
r
73. 86
45.78
42.16
r
r
r
r
r
r
r
r
r
r
r
61. 68
r
r
r
76. 03
85. 42
75. 05
r
66. 28
68.99
' 79. 02
82. 05
r
69. 18
76.83
' 47. 19
43.87
70. 15
61.50
73. 37
73.44
65.27
77.79
75. 90
63. 41
77. 60
75. 48
78. 29
75.42
62.57
77.00
74.80
77.49
6*. 16
54 07
6* 25
68 97
69.70
56.46
65 05
70. 52
6 2 00
35. 70
52.90
63.52
47. 98
48.72
' 34. 44
r
35 66
42.68
34.83
36.09
42.62
r
r
' 1.393
»• 1. 392
1 334
* 1 505
1.624
p 66. 33
p 73. 73
P 66. 59
P 79. 23
p 66. 01
P 48. 31
63.48
18
52. 48
63 07
r
v 43. 28
p 54. 16
r
r
1 807
1 856
1 727
1.661
1 775
1.559
1 372
r i 442
r I
413
1 541
1 304
1 243
1.331
1.698
P 1 352
p 1 519
P i 733
P \ 781
p 1.573
v i 332
p 1 458
P i 436
SURVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-15
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average hourly earnings, etc.f — Continued
All manufacturing industries— Continued
Nondurable-goods industries— C ontinued
Tobacco manufactures
dollars
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars _,_
Men's and boys' suits and coats
do_ _
Men's and boys' furnishings and work
clothing
_
_ dollars. .
Women's outerwear
do
Paper and allied products .
___do
Pulp, paper, and paperboard mills do
Printing, publishing, and allied industries
dollars..
Newspapers _
do
Commercial printing
___ do. __
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
_ _
do
Rubber products _ _._ _
do ___
Tires and inner tubes
_
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal _ _ _ ___
_ do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars __
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
_ do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Trade:
Wholesale trade
do
Retail trade:
General-merchandise stores
do _
Food and liquor ___
do
Automotive and accessories dealers. _ .do
Service:
Hotels, year-round
do
Laundries ._
do
Cleaning and dyeing plants
do..
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
dol. per hr
Skilled labor
do
Farm wage rates, without board or room (quarterly)*
_ _ _ _ _ _
_ _ . dol. p e r h r
Railway wages (average, class I)
... do
Road- building wages* common labor
do.._
r
1.033
1.202
1.204
1.134
1.063
1.209
1.201
1. 166
1.076
1.209
1.199
1.177
1.087
1.204
1.193
1. 160
1.081
1.204
1.190
1. 162
1.086
1.208
1.197
1.156
1.095
1. 212
1.203
1.156
1.098
1.218
1.208
1.165
1 072
1. 228
1 214
1.173
1.186
1.348
1.212
1.348
1.195
1.355
1.159
1.337
1.156
1.333
1.170
1.335
1.194
1.334
1.225
1.355
1.207
1.349
' 1. 220
1.366
r
r
1 076
1. 295
I 300
1.216
r
r
r
1.116
1.311
1.311
1.238
p 1. 127
p 1. 334
' 1. 206
1.382
' 1. 253
1.468
p 1. 283
1.022
I 399
1. 469
1 551
1.040
1.477
' 1. 489
1.569
1 116
1. 307
1 306
1.238
r
.929
1.453
1.364
1.433
.979
1.466
1.360
1.422
.984
1.403
1.363
1.426
.986
1.335
1.376
1.445
.983
1.317
1.373
1.431
.982
1.357
1.396
1.466
.979
1.430
1.417
1.494
.985
1.492
1.426
1.502
.994
1.442
1. 434
1 510
r
r
1. 002
1 468
'r 1.438
1. 510
r
r
r
1.831
2. 094
1.770
1.454
1.579
1.852
2.104
1.799
1.459
1.566
1.869
2.131
1.807
1.462
1.564
1.870
2. 153
1.799
1 470
1.574
1.877
2. 173
1.801
1.485
1.578
1.879
2.171
1.813
1.507
1.597
1.878
2.164
1.817
1.529
1.622
1. 881
2.160
1.805
1.526
1.618 .
1.900
2.198
1.813
1.535
1. 655
' 1. 903
' 2. 203
' 1.849
T
1. 537
«• 1. 662
'T 1. 900
2. 215
r
1. 850
r
1.
559
T
1.681
' 1. 920
p 1. 910
1.844
1. 578
1.691
p 1.593
1.813
1.902
1. 536
1.763
1.138
1.090
1.800
1.890
1. 528
1. 755
1.157
1.117
1.802
1.891
1.519
1.745
1.165
1.127
1.810
1 904
1.544
1 775
1.172
1 129
1.805
1.898
1.566
1.815
1.174
1.125
1.814
1.911
1.572
1.824
1.172
1.122
1.829
1.925
1.592
1.862
1.174
1.128
1.816
1.911
1.585
1.863
1.186
1.144
1.841
1.935
1.589
1.845
1.200
1.152
* 1. 868
1. 969
«•r 1. 582
1.819
'r 1. 218
1. 165
r
r
1.517
1.866
1. 933
1.499
1.953
1.962
1.504
1.928
2.009
1.512
1 974
2.022
1.517
1.983
2.005
1.524
1.992
2.015
1.537
1.971
2.014
1.539
1.981
2.001
1.573
1 984
2. 026
r
1. 591
2 032
2.022
r
1.824
1 289
1.932
1.753
1.976
1.797
1.313
1.950
1.771
1.988
1.781
1 331
1.954
1.766
1.995
1.806
1 331
1 938
1.746
1 986
1.772
1 339
1. 950
1.762
1.998
1.777
1 345
1.941
1.756
1.995
1.817
1 366
1.954
1.776
2 006
1.762
1 366
1 968
1.791
2 021
1.814
1 385
2 013
1.828
2 067
1.876
1 398
2 024
1.827
2 082
r
1. 874
1.876
1 422
2 042
1. 832
2 099
2.070
1.473
1 380
1.425
1.585
1.469
1.391
1.428
1.572
1.476
1 376
1. 427
1.573
1 481
1 381
1 438
1.578
1.486
1 381
1.440
1.578
1.488
1 386
1.430
1.590
1 496
1 395
1 425
1.599
1 492
1 392
1 422
1.603
1 495
1 409
1 446
1.619
1 496
1 426
1 445
1.625
1 498
r i 423
1 447
r
1. 646
1.512
1 444
1. 452
1.671
1 432
1.446
1 453
1 466
1.463
1 476
1 494
1 489
1 497
r i 508
r I 516
1 537
.967
1.267
1.282
.963
1.268
1.275
.960
1.269
1.293
753
.847
.989
.765
.843
.984
.843
.995
1.485
2 464
1.485
2.466
1.601
991
.960
1 270
1.318
.975
1.267
1.318
.984
1.270
1.357
.990
1 286
1.354
1 278
1 396
.992
1 290
1.393
756
.756
.857
1.016
761
.850
1.002
.865
1.024
765
858
1.015
771
858
783
870
1 004
1.486
2.469
1.493
2 478
1.511
2.485
1.528
2 517
1.538
2 524
1.552
1.574
1.13
1.558
1.555
755
1. 899
2 005
1. 603
1. 842
1.224
1 171
r
r
T
1. 620
1 965
2.010
r I 4QQ
r
r
T
r
r
T
. 992
1 295
1.393
r
r
.980
1 312
1.377
r
v 1. 504
2.242
r
1.918
2.016
p 1. 942
r 1. 655
p 1. 642
1.916
' 1. 232
1.173
P 1. 242
1.669
1.990
2.010
1.847
2 123
.942
1.316
1.387
1.023
873
1.028
790
. 874
1.031
.797
.878
1.032
1.561
2 544
1.561
2 554
1.568
2 565
1.574
2 571
1.574
1 579
1.20
1 552
1 586
1 566
1.23
1 587
1.603
335
259
374
286
397
308
383
312
383
325
394
333
453
356
305
546
331
519
1, 861
989
946
43
350
522
356
551
111, 974
43, 837
68, 137
110, 132
43, 740
66, 392
125, 435
52, 590
72, 845
123, 224
48, 207
75, 017
44, 194
44, 097
43, 568
43, 895
43, 525
44, 284
. 43, 804
44, 049
44, 826
45, 604
18, 326
18, 226
18, 070
18, 301
17, 935
18, 703
18, 466
18, 820
19, 798
20, 340
145
225
130
113
306
43
219
82
116
72
17, 746
17, 592
17, 827
17, 796
17, 389
18, 331
17, 969
18, 356
19, 572
19, 252
23, 168
23, 120
23, 020
23, 035
22, 998
22, 982
22, 886
22, 389
22, 045
22, 235
44, 194
44, 097
43, 568
43, 895
43, 525
44,284
44, 049
43, 804
44, 826
45, 604
18, 348
18, 064
17, 796
18, 083
17, 655
18,316
18, 139
17, 912
18, 398
19, 197
16, 211
15, 973
15, 657
15, 814
15, 878
15, 934
16, 129
15, 989
16, 514
16, 709
698
583
507
676
526
595
436
219
888
589
22, 926
22, 974
22, 911
22, 880
22, 836
22, 921
22, 841
22, 947
23, 075
22, 997
56.1
56.3
56.6
56.2
56.8
55.8
54.8
55.7
52.7
53.2
T
Revised.
» Preliminary.
fRevised series. See note inarked "t' ' on p. S-l I.
§Rates as of February 1, 1951: Common labor, $1.593; skill(3d labor, $2 .615.
*!'Tew series. Compara ble data p rior to Jamlary 1948 a re not avai lable.
45, 448
20, 638
161
19, 693
21, 798
45, 448
18, 682
16, 763
645
47, 172
22, 216
67
20, 778
21, 458
47, 172
19, 810
17, 681
' 1, 172
23, 587
49.4
47, 738
23, 051
798
21, 484
21, 160
47, 738
20, 998
18, 984
p910
23, 026
48.1
.75
1.574
1.17
.70
r
788
r
2.577
.66
.73
r
1.585
2 604
.79
1.30
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances __
__
mil. of dol
Commercial paper
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil. of dol
Farm mortgage loans, total
do
Federal land banks _ .
_ do
Land Bank Commissioner
do
Loans to cooperatives
do
Short-term credit
_ _ do
Bank debits, total (141 centers)
New York City
Outside New York City
do._
do
do
Federal Reserve banks, condition, end of month:
Assets, total
mil. of dol
Reserve bank credit outstanding, total. __do
Discounts and advances
_ _ _do _
United States Government securities. _ _ do
Gold certificate 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. _
256
257
245
258
294
453
279
476
1,744
969
916
53
265
510
95, 359
38, 962
56, 397
' 86, 292
35, 727
50, 565
104, 035
43, 112
60,923
280
258
237
257
231
250
279
240
255
540
247
564
1,816
980
931
49
246
589
246
606
251
606
1 838
988
941
47
269
582
91, 682
37, 025
54, 657
100, 301
107, 113
43, 781
63, 332
98, 509
38, 757
59, 752
115, 490
50, 067
65, 423
110, 107
44, 910
65, 197
41,463
58, 838
23,397
51.8
SUKVEY OF CUREENT BUSINESS
S-16
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1950
January
February
March
April
May
June
1951
July
August
September
October
November
December
January
FINANCE—Continued
BANKING—Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. of dol__
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol__
States and political subdivisions
do
United States Government
_do_ ._
Time, except interbank, total
do
Individuals, partnerships, and corporations
mil. of dol__
States and political subdivisions
do _ _
Interbank (demand and time)
do
Investments, total
do
U. S. Government obligations, direct and
guaranteed, total
mil. of dol
Bills
do ..
Certificates
do
Bonds and guaranteed obligations
do
Notes
do
Other securities
do
Loans, total
do
Commercial, industrial, and agricultural-do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol. _
Real-estate loans
do
Loans of banks
do
Other loans _ _
__
do
Money and interest rates tf
Bank rates on business loansrf
In New York City
percent
i
i ern. a
easie cines__ --£f° --
47, 767
46, 926
46, 162
46, 928
47,533
47, 972
48, 264
48,995
49,238
49, 471
50, 546
' 51, 642
51,220
47, 600
3,456
2,322
15, 333
47, 193
3,454
2,302
15, 377
45, 848
3, 431
2,691
15, 397
46, 672
3,601
1,668
15, 472
47, 856
3,571
1,982
15, 496
47, 925
3,611
2,350
15, 552
48, 555
3,443
1,946
15, 387
49, 368
3,321
2,390
15, 331
50, 198
3,245
2,338
15, 329
50, 445
3,362
1,805
15, 292
51, 305
3,371
1,624
15, 242
r 53, 518
- 3, 393
' 1, 572
' 15, 346
51,760
3,657
1,622
15, 250
14, 578
627
10, 394
42, 780
14, 647
609
10, 415
42,090
14, 660
617
9,994
41, 677
14, 717
633
10, 356
41, 525
14, 738
636
9,930
42, 070
14, 768
652
10, 098
42, 376
14, 613
638
10, 345
41, 466
14, 535
663
10, 125
41, 317
14, 537
662
10, 285
40, 265
14, 513
653
11,032
39, 850
14, 475
642
10, 854
39, 337
«• 14, 578
••642
12, 956
' 39, 795
14, 533
689
10, 818
38, 039
37, 595
2,762
6,152
24, 796
3,885
5,185
24, 486
13, 918
1,364
36, 774
2,212
5,071
24, 862
4,629
5, 316
24, 741
13,834
1,529
36, 118
1,768
4,638
24, 016
5,696
5,559
24, 886
13,790
1,670
35, 916
1,753
4, 307
24, 080
5,776
5, 609
25, 009
13, 420
1,813
36, 456
2,125
4,420
24, 193
5,718
5,614
25, 033
13, 359
1,801
36, 638
2,641
2, 916
24, 433
6, 648
5,738
25, 584
13, 602
1,717
35, 496
1,831
2,134
24, 513
7,018
5,970
26, 381
14, 022
1,934
35, 082
2,297
1,359
23, 539
7,887
6, 235
27, 253
14, 739
1,427
33, 845
2,391
1, 156
22, 426
7,872
6,420
28, 502
15, 725
1,487
33, 535
2,481
1,048
22, 246
7,760
6,315
29, 387
16, 476
1,355
32, 984
2,044
1,124
22, 114
7,702
6,353
30, 586
17, 084
1,671
' 33, 294
2,470
31, 557
1,651
r
6, 501
31,417
17, 859
1,578
21,205
8,701
6,482
31, 541
18, 120
1,554
573
4,396
154
4,455
570
4,413
302
4,470
588
4,465
212
4,540
624
4,522
368
4,644
627
4,595
235
4,800
652
4,682
405
4,912
676
4,815
214
5,111
743
4,938
358
5,439
718
5,035
339
5,590
728
5,126
312
5,786
792
5,213
377
5,845
750
5,280
510
5,877
754
5,299
317
5,946
1.50
4.08
2.00
1.50
4.08
2.00
2.29
2.55
3.12
1.50
4.08
2.00
1.50
4.08
2.00
1.50
4.08
2.00
2.34
2.67
3.22
1.50
4.08
2.00
1.50
4.08
2.00
1.75
4.08
2.00
2.32
2.63
3.13
1.75
4.08
2.00
1.75
4.08
2.00
1.75
4.08
2.00
2.51
2.87
3 28
1.75
4.08
2.00
1.75
4.08
2.03
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.06
1.31
1.63
1.63
1.16
1.44
1.63
1.63
1.31
1.66
1.63
1.63
1.31
1.73
1.63
1.63
1.31
1.69
1.63
1.63
1.31
1.72
1.63
1.63
1.39
1.86
1.63
1.63
1.090
1.39
1.125
1.44
1.138
1.45
1.159
11.45
1.166
1.45
1. 174
1.47
1.172
1.45
1.211
1.45
1.315
1.55
1.329
1.65
1.364
1.62
1.367
1.64
1.387
1.66
11,179
3,183
11, 237
3,177
11,325
3,168
11, 363
3,151
11,411
3,125
11, 512
3,097
11, 476
3,061
11, 448
3,021
11, 462
2,991
11, 464
2,967
11, 525
' 2, 947
11, 646
P 2, 923
11,635
P2,902
16,368
Total consumer credit, end of monthO.mil. of dol. _
10,836
Instalment credit, total
do
6,174
Sale credit, total
do
3,179
Automobile dealers
do_
Department stores and mail-order houses
975
mil. of dol_ _
902
Furniture stores_ _ _ _ _
do
491
Household-appliance stores
do
Jewelry stores _
do
}
627
All other retail stores
do
16, 159
10, 884
6,213
3,256
16, 338
11, 077
6,334
3,355
16, 639
11,322
6,511
3,470
17, 077
11,667
6,733
3,600
17, 651
12, 105
6,995
3,790
18, 295
12, 598
7,343
3,994
18, 842
13, 009
7,613
4,107
19,329
13, 344
7,858
4,213
19, 398
13, 389
7,879
4,227
r
v 20, 102
19, 405
' 13, 306 v 13, 467
P7,909
7,805
p 4, 126
4,175
p 19, 903
p 13, 255
p 7, 691
p 4, 056
958
891
492
960
899
502
1,011
935
537
650
1,081
976
597
695
1,123
998
658
727
1,159
1,028
702
756
P 1, 245
p 1, 029
P714
618
1,032
947
561
665
1,170
1,019
705
616
979
913
518
631
4,662
1,957
404
251
175
4,671
1,973
408
254
174
4,743
2,026
421
258
176
4,811
2,066
431
262
178
4,934
2,134
450
267
182
5,110
2,233
474
275
187
5,255
2,316
495
282
192
5,396
2,401
514
290
197
5,486
2,462
524
295
201
5,510
2,460
524
294
201
801
931
142
792
928
142
783
936
143
785
945
144
797
959
145
816
978
147
826
995
149
835
1,009
150
844
1,010
150
853
1,026
152
3,506
1,027
999
3,233
1,034
1,008
3,211
1,045
1,005
3,241
1,067
1,009
3,290
1,092
1,028
3,392
1,116
1,038
3,527
1,133
1,037
3,636
1,157
1,040
3,741
1,197
1,047
269
59
37
27
131
268
61
34
25
126
336
78
43
31
163
307
70
37
28
154
348
83
43
32
168
379
93
46
34
175
381
84
45
32
166
387
88
46
33
166
356
76
40
32
149
Discount rate (N. Y. F. R. Bank)
do
Federal land bank loans
_
do
Federal intermediate credit bank loans
do
Open market rates, New York City:
Acceptances, prime, bankers', 90 days
do
Commercial paper, prime, 4-6 months -do
Time loans, 90 days (N. Y. S. E.)
do_._.
Call loans, renewal (N. Y. S. E.)_ ... ..do
Yield on U. S. Govt. securities:
3-mohth bills §.._ - _
do
3-5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol_.
U. S. postal savings
do
21, 573
r 9, 251
CONSUMER CREDIT
Cash loans, total
do
Commercial banks
do
Credit unions
do
Industrial banks
do
Industrial -loan companies
do
Insured repair and modernization loans
mil. of dol. _
Small-loan companies.
_
do
Miscellaneous lenders
do
C harge accounts
Single-payment loans 0
Service credit
_
do
do
do
Consumer instalment loans made during the month,
by principal lending institutions:
Commercial banks
mil. of dol_.
Credit unions
_
do
Industrial banks
do
Industrial-loan companies
do
Small -loan companies.
do
1,172
1,003
702
p795
p 1, 197
p981
p696
P 761
' 5, 501
2,435
521
292
200
v 5, 558
P 2, 431
P525
P291
P203
P 5, 564
P 2, 439
P518
P289
P202
r
863
1, 037
153
P867
P 1, 084
P157
P869
p 1, 089
P158
3,703
1,250
1,056
3,739
1,298
1,062
P4,539
v 1, 334
P 1, 062
p 4, 233
p 1, 353
p 1, 062
298
66
39
28
149
257
64
34
27
165
P289
p72
P37
P29
"234
P326
p67
p39
p28
P162
758
753
T
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
2,092
4,842
3,480
3,607
5,622
4,776
2,148
2,300
2,895
3,238
3,184
4,474
4,621
Receipts, total
mil. of dol. _
2,972
4,404
4,605
3,366
2,320
2,056
4,820
1,488
2,860
1,881
4,211
2, 851
4,448
Receipts, net
__
do
34
37
43
38
52
35
40
39
47
54
57
54
Customs
do
57
r
r
r 1, 232
r 3, 947
r 2, 612
r 2, 886
r 2, 016
' 4, 791 r 1, 359
r 3, 875
r 2, 108
r 1, 291
2, 250
3, 538
3,538
Income and employment taxes $
do
704
714
775
599
629
645
701
737
808
764
948
746
853
Miscellaneous internal revenue
do
186
69
73
144
88
88
138
146
129
140
133
173
117
All other receipts
do
2
2,962
3,323
2,496
2,847
4,296
3,520
3,170
3,269
3,013
2, 515
3, 102
3,742
3,808
Expenditures, total t .
__ __
do
184
161
636
136
134
646
229
1,611
271
142
968
514
463
Interest on public debt
do
402
504
460
516
502
588
509
465
466
472
449
443
Veterans Administration
do
470
964
1,007
998
1,024
1,149
1,037
1,338
' 1, 510
p 1,663
1,446
National defense and related activities*.. do.. __
1,046
936
1,051
1,435
1.142
1,222
1,159
1,190
1,315
1,269
1,045
808
All other expenditures*
do
1,298
897
994
766
p
Revised.
* Preliminary.
i Series was changed on April 1 to \% percent Tr easury not 3S of Marcl1 15, 1954 aiad 1^ perc ent Treasu ry notes of March 15 1955.
2
Data reflect a reduction of $1,746,000, representing net investments of wholly owned Gov eminent ccDrporations and agen cies in put)lic debt s<jcurities w hich were classified a s expenditures in July- October.
cf For bond yields see p. S-19.
fRevised series. Annu?\\ averages for 1939-48 on the neAN basis are available i ipon reque St.
§Re vised to reflect yields on bills issued rather than on bills announced; compar able data 1 or January' 1947-November 194S are availa ble upon re quest.
©Revised beginning 1929 to exclude nonconsumer single-payment loans; data pr ior to Octo ber 1949 ar e available upon requ est.
JRevi sions for to tal budget expenditiu•es (June 1£ 48-Januar y!949) are shown at bottom of
9 Revised beginning January 1950 to include employment taxes formerly showii separatel y.
FRASER
p. S-14 of the April 1950 SURVEY; those for national defense and all other expenditures (July 194*J-Februarj 1949), on i). S-17ofttle Septemt>er 1950 Su RVEY.
Digitized for
SURVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-17
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
256, 125
253, 704
219, 712
33, 992
2,421
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE—Con.
Debt, gross:
Public debt (direct), end of month, total
mil. of dol__
Interest-bearing, total
do
Public issues _
- do __
Special issues
do
Noninterest bearing
do
Obligations guaranteed by U. S. Government,
end of month
mil. of dol
U.S. savings bonds:
Amount outstanding, end of month
do
Sales, series E, F, and G
do ..
Redemptions
do
256, 865
254, 869
221, 367
33, 502
1,997
256,368
254, 406
221, 535
32, 871
1, 962
27
27
24
57, 345
581
418
57, 446
524
510
57, 108
707
618
Government corporations and credit agencies:
Assets except interagency, total
mil. of dol
Loans receivable total (less reserves)
do
To aid agriculture
do
To aid home owners
do
To aid railroads
do
To aid other industries
do
To aid banks
do
To aid other financial institutions
do
Foreign loans
do
All other
do
Commodities supplies and materials
do
255, 724
253, 506
221, 408
32, 098
2,218
255, 718
253, 516
221, 714
31, 802
2,202
256, 350
254, 183
222, 315
31, 868
2,167
257, 357
255, 209
222, 853
32, 356
2,148
257, 541
255, 403
222, 884
32, 518
2,138
257, 874
255, 764
223, 059
32, 705
2,110
257, 216
254 968
221, 572
33, 396
2,247
256, 937
254, 731
221, 191
33, 539
2,206
257, 077
254 887
221 156
33 732
2 igg
256, 708
254, 282
220, 575
33, 707
2,425
22
20
20
16
18
20
22
24
24
18
57, 534
423
413
57, 576
416
454
58 096
436
448
58, 248
541
509
58, 191
476
653
l ggg
1893
1890
436
103
108
23
439
102
106
22
97
92
36
95
190
36
57, 629
398
456
57, 655
417
505
57, 451
350
537
57, 473
310
475
Other securities
Land structures and eciuipment
All other assets
do
do
do
24, 360
13, 350
4,851
1,324
113
496
3
328
6,101
492
1, 567
2,221
3,488
2,932
801
Liabilities except interagency total
Bonds, notes, and debentures:
Guaranteed by the United States
Other
Other liabilities
do
2,801
2,238
2,097
do
do
do
21
708
2,072
18
774
1, 446
19
1 108
970
Privately owned interest
U . S Go verment interest
do
do
190
21, 368
201
21, 679
214
21, 791
Reconstruction Finance Corporation, loans and
securities (at cost) outstanding, end of month,
total
mil. of dol
Industrial and commercial enterprises, including
national defense
mil. of doL.
Financial institutions
do
Railroads _
.
_
do. _
States, territories, and political subdivisions^ do
United Kingdom and Republic of the Philippines
mil. of doL_
Mortgages purchased
do
Other loans. __ _
do
»
24, 118
12 502
3,773
1 316
113
515
3
451
6,116
485
2,186
2,101
3,483
2,924
923
24 102
12 769
3 684
1 387
113
539
2
708
6 103
498
1,739
2 112
3,478
2 931
1,073
1
58, 027
971
497
1
1,998
2,043
2,070
2,105
2,085
2,113
2,166
500
114
111
29
507
113
110
27
516
112
110
27
524
112
111
25
542
110
111
25
518
110
110
25
525
109
110
25
535
108
110
25
518
105
111
24
515
105
111
24
426
103
108
23
147
1,012
37
145
1, 060
37
139
1,102
37
137
1,125
37
133
1,147
37
128
1,156
37
126
1,180
36
125
1,227
36
118
!97
36
113
194
36
108
i 93
36
59, 781
53,911
60,080
54, 252
60,382
54, 592
60,660
54,839
60,973
55, 034
61, 307
55, 311
61, 679
55, 675
61, 988
55, 909
62 370
56, 224
62 706
56, 334
63 022
56 652
63, 699
57, 158
64, 285
57, 534
53, 182
37, 408
15, 886
13, 747
r
9, 318
r
2, 868
T
9, 335
'850
r
10,r 697
994
r
9, 703
r
1, 937
1,113
r
1, 177
53, 445
37, 588
15, 853
13, 716
9,473
2,877
9, 386
704
10, 831
1,006
9,824
1,952
1,124
1,246
53, 697
37, 687
15, 834
13, 684
9,503
2,878
9,472
687
11, 016
1,020
9,996
1,963
1,134
1,210
53, 936
37, 716
15, 790
13, 640
9,551
2,906
9,468
689
11, 181
1,036
10, 144
1,972
1,144
1,234
54, 196
37, 674
15, 598
13, 453
9,638
2,914
9,524
719
11,379
1,054
10, 325
1,983
1,159
1,283
54,476
37, 679
15, 383
13, 256
9,740
2,949
9,607
794
11,611
1,071
10, 540
1,994
1,176
1,222
54, 811
37, 781
15, 366
13, 242
9,806
2,948
9,661
726
11,821
1,085
10, 736
2,009
1,207
1,267
55,078
37, 731
15, 170
13, Oil
9,900
2,961
9,699
725
12, 064
1,099
10, 965
2,024
1,216
1,317
55, 381
37, 758
15.045
12, 839
9 943
2 973
9 797
712
12, 302
1 110
11 192
2,036
1 228
1,346
55, 669
37. 548
14, 687
12, 502
10. 042
2 988
9,831
848
12, 570
1,125
11 445
2, 047
1,244
1,412
55, 932
37 522
14, 414
12 218
10 092
2 987
10 030
799
12, 866
1 136
11 731
2 056
1 259
1 429
56, 519
37, 624
14, 221
12, 023
10 175
2 998
10 229
789
13, 252
1 148
12 104
2 067
1 278
1 509
56, 875
37, 536
14, 064
11,865
10, 179
3,011
10, 281
863
13, 573
1, 170
12, 403
2,078
1,286
1,538
1,745
212
402
1,131
85
293
239
104
124
44
95
35
111
2,335
706
433
1,196
82
294
253
111
136
48
105
40
127
2 413
443
490
1,480
96
359
307
138
166
65
135
48
165
2, 171
382
445
1,344
88
317
277
121
159
60
120
48
154
2,273
341
479
1,453
98
336
293
129
179
61
132
53
172
2,280
431
431
1, 418
96
324
292
128
168
60
134
50
165
2 304
515
392
1,397
96
312
284
127
175
62
125
51
165
2,519
349
393
1,777
117
361
346
169
239
84
185
64
212
2 384
553
391
1,440
89
294
302
140
177
64
135
55
183
2 570
700
475
1 395
95
320
299
128
162
65
121
48
158
2 669
881
432
1 356
95
333
293
120
147
60
111
47
150
2 954
1 142
370
1 442
94
323
300
146
162
56
129
59
174
2,068
333
395
1,340
105
336
281
120
147
52
115
45
139
Institute of Life Insurance:
Payments to policyholders and beneficiaries,
327, 079
358, 738
288, 708
295, 802
estimated total
thous. of dol
313, 640
277, 771
302, 338
280 449
330 149
345 502
304 642 305 847
132, 259
152, 034
Death claim payments
do
128, 731
137, 941
124, 549
133, 973
117, 588
131, 433
115, 933
141 539
137 352
136 412
Matured endowments
__
do
46, 643
38, 750
48, 070
40, 216
41, 298
48, 117
38, 190
35, 834
36, 949
40, 964
39 566
40 493
7,884
8,542
8,969
7,800
8,583
7,462
8,658
Disability payments
do__
8,354
8,440
8,282
8,222
8 381
25, 323
21, 704
Annuity payments
do
19, 434
19, 888
21, 466
21, 568
21, 183
21, 090
19, 077
21 056
18 131
21 253
47, 168
Policy dividends
do
60, 422
65, 460
46, 463
45, 139
57, 664
45, 943
48, 456
44, 147
42, 439
87 922
43 378
Surrender values _
do
51, 007
63, 116
57, 024
53, 463
52, 620
59, 356
50, 442
52, 607
60, 244
50. 362
55. 930
54. 309
r
Revised.
1 Excludes holdings of the Federal National Mortgage Association; this agency was transferred to rhe Housing and Home Finance Agency on Sept. 7, 1950.
371 059
157 309
50 869
9,487
27 999
66 004
59. 391
1,951
1 009
997
1
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance) , estimated total
mil. of dol
Securities and mortgages
do
49 companies (Life Insurance Association of
America), total
mil. of doL.
Bonds and stocks, book value, total
do
Govt. (domestic and foreign), total
..do
U. S. Government
do
Public utility
do
Railroad
do
Other
.__
__
do
Cash
. do
Mortgage loans, total
do
Farm_ _
do
Other
do
Policy loans and premium notes
do
Real-estate holdings
do
O ther admi tted assets _ _
do
Life Insurance Agency Management Association:
Insurance written (new paid-for-insurance) :
Value, estimated total
mil of dol
Group
__
do
Industrial
do
Ordinary, total _
_
do
New England
do
Middle Atlantic
do
East North Central _ _
do
West North Central
do
South Atlantic
do
East South Central
do__
West South Central
do
Mountain
_
_
do
Pacific
do
r
r
r
r
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
Septem-
476, 122
38, 796
48, 948
30, 101
75, 080
283, 197
October
November
December
452, 453
46, 545
53, 741
38, 507
64, 925
248, 735
491, 850
43, 806
64, 141
37, 849
63, 386
282, 668
757, 998
67, 5P6
108,356
60, 672
111.091
338, 283
January
FINANCE—Continued
LIFE INSURANCE—Continued
Life Insurance Association of America:
Premium income (39 cos.), total
thous. of dol_.
Accident and health
__
do
Annuities
do
Group
_do
Industrial
do
Ordinary
- do _ _
483, 248
32, 284
79, 118
51, 213
72, 425
248, 208
r
469, 517,
32, 145
64. 435
34, 444
66, 613
271, 880
558, 510
39, 696
67, 701
42, 886
79, 324
328, 903
420, 371
33, 123
51, 566
31, 553
58, 570
245, 559
474, 305
39, 823
52, 132
38, 311
70, 648
273, 391
539, 208
38, 584
72, 477
39, 351
75, 220
313, 576
442, 303
34, 505
67, 160
35, 432
61, 966
243, 240
24, 345
-50, 411
4,119
4, 350
60, 093
36, 456
12, 247
5,506
24, 246
-95, 432
4,338
2,706
66, 407
39, 661
13, 417
6,084
24, 247
-59, 175
2,130
55, 419
63, 247
37, 615
12, 941
6,717
24, 231
-29, 873
1,553
14, 628
65, 885
39, 930
13, 082
6,819
24, 231
-17, 627
2,246
12, 274
24, 136
23, 627
-89, 969 -431, 378
4,069
46, 368
2,556
4,146
38, 940
12, 913
6, 645
38, 969
12,893
7,078
39, 425
13, 177
7,890
38, 443
12, 771
7,846
38, 306
13, 190
8,170
13. 25S
7,545
6, 960
30
4,355
.733
110
6,317
.731
62
3,412
.718
70
8,253
.726
1,219
6,126
.728
375
10, 408
.728
425
8,904
.728
334
17,371
.728
335
12. 350
.751
947
13, 870
.800
2, 24^)
10 602
.800
1,385
4,100
2,496
1,768
3,800
3,721
1,454
3,100
4,224
1,751
3,800
3,890
1, 968
4,400
2,669
2,286
3.300
4,102
* 2, 282
4,000
3,660
r 2, 164
4,000
4,222
2,398
4,400
2,747
4,300
3, 433
27, 068
27, 042
27, 048
27, 090
27, 156
27, 010
27, 120
27, 161
27, 228
27, 595
172, 400
24, 700
171, 400
24, 600
171, 600
24, 600
172, 400
24, 700
173, 765
25, 185
p 173, 900
P 24, 400
» 174, 800
v 24, 500
* 175, 300 P 176, 100
P 24, 500 p 24, 600
147, 700
84, 500
59, 000
146, 800
83, 200
59, 300
147, 000
84, 300
59, 500
147, 700
85, 000
59, 500
148, 580
85, 040
59, 739
p 149, 500
P 86, 500
v 59, 400
P 150, 300
p 87, 400
p 59, 100
* 150, 700 p 151,500
v 88, 100 p 89, 400
v 59, 000 p 59, 000
29.3
18.9
29.4
19.3
29.7
19.4
29.7
19.2
30.7
20.2
31.0
20.3
33.8
19.9
477, 976
43, 025
54, 865
42, 113
66, Oil
271, 962
MONETARY STATISTICS
Gold and silver:
Gold:
24, 395
M on etary stock U S
mil.ofdol
Net release from earmark §
thous. of doL_ -93, 162
7, 223
Gold exports
do
46, 201
Gold imports
_ - do _ _
64,
007
Production reported monthly total!
do
38, 780
Africa
_ _ _ do
12,
399
Canada
do
5,869
United Statesf
do
Silver:
47
Exports
-- - do
8,065
Imports
do
.733
Price at New York
dol. per fine oz
Production:
1,196
Canada
thous. of fine oz
3,700
Mexico
do
2,965
United States
_ __
do
Money supply:
26, 941
Currency in circulation
_
_
-mil.ofdol
Deposits, adjusted, all banks, and currency outside banks, total O
mil. of doL_ 172, 900
24, 500
Currency outside banks
do
Deposits, adjusted, total, including U. S. de148,
400
posits©
mil. o f d o l _ _
86, 400
Demand deposits, adjusted, excl. U. S_ . do
58,
700
Time deposits, incl. postal savings
do
Turn -over of demand deposits, except interbank and
U. S. Government, annual rate:
28.6
New York Citv
ratio of debits to deposits
18.9
Other leading cities
do
23,483
23, 249
-65,889 -146,220
108, 448
95, 967
11, 998
2,519
34.2
21.5
22, 706 p 22, 392
23, 037
-35,311 -237,935 -248, 540
95, 825
146, 748
62, 824
2,833
3,117
2,340
3, 623
10, 999
.887
3,939
r
27, 741
p 27, 045
p 177, 200
p 24, 800
p 180. 000
p 25, 000
p 178, 500
p 24, 600
p 152, 400
P 90, 700
p 58, 700
p 1 55, 000 p 153,900
p93 200 p 92, 100
p 59, 000
p 59, 000
30.7
20.9
31.4
21.7
794
651
646
465
0
181
5
143
77
77
63
3
752
598
584
229
0
356
14
154
154
74
65
14
37.2
23.0
32.9
22.0
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Federal Reserve):*
Profits after taxes total (200 cos )
mil of dol
Durable goods total (106 cos )
do
Primary metals and products (39 cos.) do
Machinery (27 cos )
do
Automobiles and equipment (15 cos )
do
Nondurable goods total (94 cos )
do
Food and kindred products (28 cos.) do
Chemicals and allied products (26 cos ) do
Petroleum refining (14 cos )
do
Dividends total (200 cos )
do
Durable goods (106 cos )
do
Nondurable goods (94 cos )
do
Electric utilities, profits after taxes (Fed. Res.) 9
mil. of dol
Railways and telephone cos. (see p. S-23).
804
496
167
82
215
308
47
117
87
387
220
166
1,048
695
225
94
330
353
57
141
95
393
218
175
» 1,242
p 778
P255
p 109
p 357
f 464
P86
p 174
P 131
p 546
p 341
^205
230
212
v 171
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
__mil. of dol__
New capital, total
do
Domestic, total
do
Corporate
do.. .
Federal agencies
-do_ .
Municipal, State, etc
do.__
Foreign
do
Refunding, total.. _ „
do
Domestic, total
-do __
Corporate
__
do
Federal agencies
do _
Municipal, State, etc
do_ _
1,185
817
817
553
30
233
0
369
269
108
159
1
809
711
708
146
13
550
3
98
83
20
57
6
1,060
769
750
365
21
363
19
292
229
168
58
3
700
540
520
327
23
170
20
160
160
89
65
6
1,061
771
770
427
39
304
1
290
282
237
31
14
1,285
954
949
598
18
334
5
330
330
276
35
20
579
505
505
292
8
204
0
75
75
21
53
1
795
555
529
263
0
265
26
240
190
134
48
8
943
707
687
270
145
272
19
236
219
20
193
6
Securities and Exchange Commission:!
r
1,228
1,544
1,866
2,098
1,631
1,678
1,300
1,248
Estimated gross proceeds, total..
do
1, 983
2,311
' 1, 434
1,499
1,180
By type of security:
r
1,772
1,984
1,154
1,489
1,
571
1,530
1,103
Bonds and notes, total. .
do_ _
2,055
1,170
1, 790
'1,362
1,396
1,112
452
241
500
200
352
293
Corporate
do
520
'368
813
'328
'320
450
206
64
44
136
47
47
18
76
Common stock
_
_
do
48
160
88
23
59
34
30
70
13
72
61
27
38
Preferred stock
do
96
30
' 105
'50
43
34
By type of issuer:
614
547
490
259
669
315
Corporate, total
do
407
1,069
416
••561
'393
553
274
32
64
50
69
189
36
Manufacturing*
. _ _ do _
174
43
71
' 184
'128
148
38
212
118
210
239
317
48
229
566
Public utilityf__.do__167
'226
' 176
178
134
108
94
69
31
13
13
Railroad
_
do
42
75
17
'34
'24
72
44
18
206
23
Communication*
do
24
13
64
7
8
0)
'24
'9
4
2
132
24
20
32
87
Real estate and financial . _
do
31
129
39
28
'47
'23
33
28
1,484
1,371
1,320
810
Noncorporate, total __
do. _
1,010
913
1,242
1,137
832
' 1, 422 ' 1,042
946
906
634
1,118
886
810
689
U. S. Government
do
882
706
773
531
1,228
655
777
730
235
366
State and municipal.
___
__ do
319
176
546
205
359
299
279
189
384
166
175
l
'Revised.
» Preliminary.
Less than $50C ,000.
§Or increase in earmarked gold (— ) .
JRevisio ns for Jamlary-May 1948 for Un ited States and total gold produ etion are s' town in th 3 August 1 949 SUBVEIr, p. S-18. Revision s for 1948April 1949 for securities issued (SEC data) are availsible upon request,
OU. S. G overnmen deposits j t Federal Reserve ba nks are no t included,
*New series. Data on profits and dividends co\ er large m anufacturi ng corpora ions (tota assets end of 1946, $10,000,000 a ad over) ; q uarterly a1Forages for 1939-48 an d quarterl y data for
1946-March 1948 are shown on p. 23 of the June 1950 SURVEY. Data on s ecurities is sued for mimufacturii ig and com municatio n for Janua ry 1948-M ay 1949 are available iip on reque St.
9 Revisions for 1946-48 are available upon request.
fRe vised series . Data (cover ing ele ctric, gas, and water companies ) are availsible beginn ing Januai y 1948.
SUKVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-19
1951
1950
January
February
March
April
May
July
June
August
September
October
November
December
January
FINANCE—Continued
SECURITIES ISSUED—Continued
Securities and Exchange Commission^— Continued
New corporate security issues:
Estimated net proceeds, total
mil. of dol__
Proposed uses of proceeds:
Now money, total
do _
Plant and equipment.
- do
Working capital
do
Retirement of debt and stock, total _ _ do
Funded debt
do
Other debt
...do
Preferred stock
do
Other purposes
do __
Proposed uses by major groups:
Manufacturing, total*
do
New money
do
Retirement of debt and stock
do
Public utility, total t
do
New money
do
Retirement of debt and stock
do
Railroad, total
do
New money
do
Retirement of debt and stock
do
Communication, total*
do
New money
do
Retirement of debt and stock
do
Real estate and financial, total
do
New money
do
Retirement of debt and stock
do
State and municipal issues (Bond Buyer):
Long-term
thous. of doL_
Short-term _
__ _
do
605
255
538
480
658
1, 055
311
402
408
'550
'387
546
269
453
190
371
344
306
625
211
225
306
243
64
28
'268
'193
' 75
' 105
'63
376
154
132
'312
'255
' 57
'218
'62
' 129
145
72
25
12
' 15
71
2
25
11
2
2
' 180
' 65
'114
' 221
' 157
' 49
' 34
' 34
' 127
' 78
146
113
37
29
26
175
8
132
' 23
' 15
8
'9
'6
2
' 23
' 17
405
48
130
60
104
39
46
30
53
12
48
13
3
18
63
47
31
27
14.
116
3
208
148
30
93
27
66
205
202
2
20
84
32
13
13
0
0)
0)
0
23
11
6
242
129
150
138
11
1
17
49
38
11
206
130
67
107
85
22
18
18
0
132
75
50
295
49
126
36
76
14
9
34
24
7
234
189
44
31
27
4
23
22
1
869
2
61
212
94
341
164
137
40
11
186
80
103
312
451
174
381
311
65
5
49
31
60
127
27
]
0)
0)
248, 176
178, 972
568, 839
167, 048
361, 726
100, 279
184, 192
114, 088
355, 150
119, 129
154
237
103
230
140
364
142
342
190
387
901
669
493
953
669
522
1,018
1,084
1.175
102. 11
102. 56
74.46
101. 95
102. 38
74.80
101. 78
102. 20
75.48
122.7
131.3
104. 16
122.7
131. 7
103. 62
107, 958
144, 088
20
(i)
52
560
370
175
74
15
40
64
3
189
36
40
19
169
109
111
199
69
39
30
13
13
C1)
131
71
60
17
6
23
32
5
37
68
50
42
20
70
43
16
47
9
227
34
13
13
13
115
111
42
38
4
6
o
24
21
3
30
92
35
248
58
0)
25
22
165
147
U
17
17
o
7
6
5
39
3
28
27
'20
.
o
r 46
r 20
269
107
'28
13
r 41
' 173
' 125
r 48
' 24
' 24
o
155
20
72
16
56
4
3
1
32
193
49
126
6
44
44
0
2
2
0
27
18
8
I
22
14
21
5
361, 302
79, 256
206, 855
136 896
322, 795
172 480
290, 006
39 798
229, 427
123 887
154
370
167
518
132
336
143
275
132
253
243
317
227
391
1 208
1 231
1 284
1 351
1 360
1, 356
796
774
890
745
23
394, 581 r 170, 557
202 771 r 176, 520
25
1
180, 140
115 289
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
mil. of bu
do
265
449
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances ..
Money borrowed _ __ _ _ _
mil. of dol
do
do
. do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total § ~ _
-_
dollars
Domestic
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (A1+ issues) :
Composite (17 bonds) * _ . _ dol. per $100 bond__
Domestic municipal (15 bonds).
do U. S. Treasury bonds, taxable
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
thous. of dol
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, total §
thous. of doL_
U. S. Government
__
.
_
do
Other than U. S. Government, total § _ _ . do
Domestic
do
Foreign
do
Value, issues listed on N. Y. S. E.:
Market value total, all issues§
mil of dol
Domestic
do
Foreign
* do
Face value, total, all issues §
do
Domestic
do
Foreign
_. do
Yields:
Domestic corporate (Moody 's)
percent- _
By ratings:
Aaa
._
.do
Aa
do
A
do
Baa .
do
By groups:
Industrial _
...
___ do
Public utility
do
Railroad
__ _
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds)
do
U. S. Treasury bonds, taxable _
_do__ _
r
666
579
678
619
314
1,256"
397
1 411
657
750
673
827
101.53
101. 94
75.81
101. 43
101. 84
75.89
100. 94
101.37
73.92
101 25
101 72
71 71
101 33
101 79
72 56
101 06
101 52
74 05
100 83
101 27
73 37
100 89
101 30
71 88
100. 93
101.45
70 41
101 18
101 69
71 71
122.7
131. 5
103. 24
122.5
131.2
1C2. 87
122.1
131. 5
102. 73
122.0
131.0
102. 42
121.5
131 1
102. 24
122.1
134 8
102. 28
121.7
135 2
101. 90
121.1
136 4
101. 64
121.1
137 0
101. 69
121.1
137.4
101. 53
121. 4
140 5
101. 56
67, 512
84, 939
88, 494
116, 471
77. 916
97, 114
84, 941
96 720
100 444
113 114
106 848
132 672
82 962
10o' 627
68 654
84 250
77 833
93 748
76 914
94 709
97, 580
120 019
112 608
135 823-
103, 400
138, 310
63, 443
78, 760
84, 757
111, 305
75, 161
93, 378
82 036
92, 926
97 466
109 088
103 389
128 381
80 536
97' 044
65 795
80 272
74 681
go' 132
74 646
91 786
95 099
116, 476
110 023
132 186
119, 727
25
119,702
108, 323
11, 280
68, 487
72
68, 415
59, 215
9,161
98, 704
1
98, 703
87, 246
11, 420
85, 117
24
85, 093
76, 453
8,616
82, 347
14
82, 333
75, 038
7,261
105, 474
10
105, 464
97, 132
8 262
113, 040
37
113 003
105 879
7 044
80, 583
12
80, 571
74 865
5 688
76, 484
12
76 472
68 717
7 740
83, 982
1 636
82* 346
74 340
7 981
87, 260
13
87 247
78 641
8 602
111, 222
23
111, 199
101, 824
9 355
119, 999
1
119 998
110 534
9 446
128,021
126, 290
1,475
125, 373
123, 142
1,981
127, 777
126, 054
1,469
125, 332
123,119
1,963
125, 846
124, 116
1,476
123, 645
121, 440
1,955
125, 497
123, 766
1,477
123, 610
121,411
1,949
125 353
123 633
1 466
123, 581
121, 400
1,931
124 633
122 957
1 421
123, 471
121 298
1,923
125 209
123 581
1 375
123 660
121 493
1 917
118 861
117 158
1 451
117 618
115 409
1 959
118 417
116* 802
1 362
117 441
115 334
1 857
118 507
116 870
1 385
117 544
115 367
1 927
115 952
114 347
1 354
114 889
112 716
1,923
116 165
114 541
1 374
114 808
112 6431 916
2.83
2.83
2.84
2.84
2.86
2.87
2.90
2.85
2.86
2.88
2.88
2. 88
2. 86.
2.57
2.65
2.85
3.24
2.58
2.65
2.86
3.24
2.58
2.66
2.86
3.24
2.60
2.66
2.86
3.23
2.61
2.69
2.88
3.25
2.62
2 69
2.90
3.28
2
2
2
3
2
2
2
3
2
2
2
3
2
2
2
3
2
2
2
3
2
2
2
3
2
2
2
3
2.63
2.79
3.07
2.63
2.78
3.08
2.64
2.78
3.08
2.64
2.79
3.08
2.65
2.81
3. 12
2.66
2 81
3 15
2 69
2 83
3 19
2 66
2 80
3 08
2 68
2 84
3 07
2 70
2 85
3 09
2 70
2 86
3 08
2 70
2 87
3 07
2 69
2 85
3 03
2.05
2.08
2.20
2.02
2.06
2.24
2.01
2.07
2.27
2.03
2.08
2.30
1.99
2.07
2.31
2 00
2.09
2.33
1 85
2.09
2.34
1 83
1.90
2.33
1 85
1.88
2.36
1 75
1.82
2.38
1 75
1.79
2.38
1 70
1.77
2.39
1 58
1.62
2. 39
712
755
65
72
92
32
789
752
125
123
1
123
121
1
257
607
3°6
612
437
924
61
67
87
23
738
751
64
71
88
21
771
759
67
72
91
22
67
72
92
22
67
72
91
20
948
690
66
71
89'
17
Revised.
1 Less than $500,000.
{Revisions for 1948-April 1949 are available upon request.
*New series. For S. E. C. data, see corresponding note on p. S-18. Bond prices are averages of weekly data for high-grade corporate issues; monthly data beginning 1900 are available upon
request.
t Re vised series. See corresponding note on p. S-18.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price
of all listed bonds.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1948 and. descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
2,141.8
199.0
1.459 3
146.1
430.8
103.2
133 1
4.0
!4. 0
r
8.5
r
5.3
29.7
74.5
92.3
90.5
50.4
66.9
41.9
15 2
56.8
9.7
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments publicly reported:
Total dividend payments.. _
mil. of dol- Finance
do
Manufacturing
do
Mining
do
Public utilities:
Communications
do
Heat light, and power -- - -do.- Railroad
do
Trade
-- do
Miscellaneous
do
dividend rates, prices, yields, and earnings, 200
common stocks (Moody 's):
Dividends per share, annual rate (200 stocks)
dollars- .
Industrial (125 stocks)
do
Public utility (24 stocks) f
do
Railroad (25 stocks)
_ _do _ Bank (15 stocks)
do
Insurance (10 stocks)
do _ _
Price per share, end of month (200 stocks).. do
Industrial (125 stocks)
do
Public utility (24 stocks) f
_.do-Railroad (25 stocks) _ _
.. -do
Yield (200 stocks),
percent-Industrial (125 stocks)
do
Public utilitv (24 stocks) f
do
Railroad (25 stocks)
do
Bank (15 stocks)
______ _
do Insurance (10 stocks)
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility 0?4 stocks) f
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
(Standard and Poor's Corp.)
percent-Prices:
Dow- Jones & Co., Inc. (65 stocks) dol. per share. _
Industrial (30 stocks)
do
Public utility (15 stocks).
do
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad :§
Combined index (416 stocks) --1935-39 =100- Industrial, total (365 stocks)
do
Capital goods (121 stocks)
do
Consumers' goods (182 stocks)
..do
Public utility (31 stocks).
do
Railroad (20 stocks)
do
Banks, N. Y. C. (19 stocks).do—
Fire and marine insurance (18 stocks)
do
'Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value__
mil. of dol._
Shares sold _ _ _ _
thousands..
On New York Stock Exchange:
Market value
_ _
_._ mil of dol
Shares sold
thousands
Exclusive of odd lot and stopped sales
(N Y Times)
thousands..
Shares listed, New York Stock Exchange:
Market value, all listed shares..
mil. of dol__
N umber of shares listed
millions..
530.2
103.3
232 1
4.6
213.2
37.1
103 2
1.5
818.4
54.6
509 9
69.5
483. 2
78.4
216.0
5.6
210.6
31.3
120.1
3.0
892.1
73.5
549.5
64.6
509.4
113.3
224.1
5.2
212.9
42.2
106.5
3.6
1, 152. 2
73.4
800.7
80.1
489.4
86.0
221.2
6.0
60 7
46.3
11 7
58.4
13 1
.5
40.6
11.4
16.7
2 2
28 0
52.6
34 3
48.1
21 4
63.0
49.3
19.4
41.8
9.7
.6
42.0
3.0
7.6
3.0
30.5
60.5
42.4
48.4
22.7
61.1
48.9
9.3
37.1
10.4
.6
41.1
7.0
7.5
4.4
30.3
58.6
30.7
54.1
24.3
59.9
49.3
13.4
44.5
9.1
3.26
3 42
1.69
2 25
2.47
2.40
3.27
3 43
1.70
2.16
2.47
2.40
3.27
3 44
1.70
2.11
2.47
2.40
3.29
3.47
1.71
2.11
2.47
2.41
3.32
3.51
1.74
2.04
2.47
2.41
3.34
3.53
1.74
2.04
2.48
2.41
3.39
3.59
1.78
2.04
2.48
2.43
3.63
3.91
1.78
2.05
2.48
2.43
3.66
3 95
1.78
2.15
2.50
2.43
3.84
4.17
1.84
2.24
2.50
2.43
4.04
4.40
1.85
2.45
2.60
2.66
4.06
4 44
1.85
2.47
2.61
2.71
4.11
4 49
1.85
2,54
2.65
2.71
52. 58
31.60
31. 70
51.94
52. 38
52.88
31.91
31.52
53.07
53.76
32.08
31.30
55. 05
56. 17
32.47
31.38
57. 32
58.79
33.51
31.64
54. 09
55. 56
31.07
29.49
54.98
56.43
29.73
34.61
56.80
58. 68
30.07
34.25
58.87
61. 27
30.58
35.62
59.13
61.65
30. 55
35. 03
59.37
61.77
30. 34
35.70
61.80
64.46
30.81
40.95
65.01
68.21
31.86
44.34
6.28
6.50
5 35
7.10
4,55
3.37
6.24
6.49
5 33
6.85
4.32
3.28
6.16
6.40
5 30
6.74
4.42
3.30
5.98
6.18
5.27
6.72
4.38
3.44
5.79
5.97
5 19
6.45
4.26
3.29
6.17
6.35
5.60
6.92
4.54
3.41
6.17
6.36
5.99
5.89
4.50
3.74
6.39
6.66
5.92
5.99
4.50
3.51
6.22
6.45
5.82
6.04
4.45
3.27
6.49
6.76
6.02
6.39
4.63
3.22
6.80
7. 1 2
6.10
6.86
4.61
3.43
6.57
6.89
6.00
6.03
4.71
3.43
6.32
6.58
5 81
5.73
4.73
3.52
1
1
6 60
2 52
1 37
1
8 50
2.58
5 67
' 232. 0
'34.8
r
123. 1
'2.5
T
.6
P
43.2
r
p 9 00
2. 53
9 75
3.83
3.84
3.81
3.82
3.82
3.85
3.92
3.85
3.85
3.88
3.88
3.89
3,87
72.53
199. 79
41.52
54.68
73.64
203. 46
42.62
55.16
74.52
206. 30
43.16
55.48
75.86
212. 67
42. 86
55.72
77.68
219. 36
43.61
56.36
77.37
221.02
43.04
54.96
73. 22
205. 30
38. 69
56.46
77.56
216. 60
38.88
62.48
80.21
223. 21
39.44
65.93
82.91
229. 32
40. 63
69.09
82.56
229. 38
40.41
68.32
84.24
2?9. 26
39.59
74.04
90.86
244. 45
42.06
82.05
135.1
142.6
132.1
143.4
105. 8
107 8
101.8
168.5
136.7
144. 4
134.5
145. 3
107.4
107.2
104. 2
169.0
138.8
146.5
136.3
146.5
109.6
108.5
107.7
170.6
141.8
150.0
141.4
148.7
111.0
109.5
104.5
166. 7
146.9
156.1
148.9
152.4
112.8
109.7
107.9
166.4
147.7
157.6
149.7
154.6
111.5
107.1
108.5
171.0
138.2
147.3
138.6
141.8
103. 0
109.7
102.2
157.1
147.2
158.0
149.4
149.1
104.2
120. 6
104.6
159.2
151. 7
163.3
153.2
155.4
104.9
125.1
105.8
168.7
157.8
170.7
159.3
164.9
106.2
129.2
105.4
175.1
156.1
168.8
159.9
160.2
105.0
126 5
104. 6
180.2
158.4
171.2
164.3
157.8
104.4
139.4
105.2
184.2
168.6
182.6
175.2
165.9
108.6
152. 8
106.3
185.7
1,663
73, 807
1,374
59, 240
1,690
67, 872
1,807
86, 339
1,866
81, 089
1,949
73, 396
1,930
72, 026
1,700
65, 977
1,608
63, 712
2,090
84, 451
1,864
66, 685
2,261
93, 209
2,969
122, 363
1,409
56, 037
1,164
45, 078
1,422
54,725
1,532
64,018
1,605
62, 181
1,680
57, 257
1, 692
57, 074
1,456
50, 038
1,380
48,009
1, 796
64, 422
1,618
51, 231
1.981
72, 737
2,572
91,995
42, 576
33, 406
40,411
48, 245
41,604
45,647
44, 549
' 38, 473
38, 594
48, 390
43, 085
59, 820
70, 181
77, 940
2,181
78, 639
2, 184
79, 483
2,204
82, 415
2,213
85, 625
2,225
80, 652
2,236
82, 000
2,247
85, 053
2,257
88, 673
2,272
88, 525
2,325
89, 506
2,333
93, 807
2,353
99, 340
2,384
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
Exports of goods and services, total
IVIerchandise adjusted
Income on investments abroad
Other services
•
mil. of dol__
do
do
do
Imports of goods and services total
Merchandise adjusted
Income on foreign investments in TJ S
Other services
do
do
do
do
3,271
2 448
335
488
2 567
1,961
77
529
3,522
2,604
379
539
2,711
1,994
125
592
r 3, 491
r
2, 508
>-441
"•542
r
3,400
2, 531
T
97
r
r772
+811
Balance on goods and services
do
+704
Unilateral transfers (net) total
Private
Government
do
do
do
—1 130
—109
-1,021
-1,244
-113
-1,131
U S long- and short-term capital (net) total do
Private
do
Government
do
—152
-76
76
—152
-113
-39
r
Foreign long- and short-term capital (net)
+248
+638
r
+203
+29
do
Increase (— ) or decrease (+) in U. S. gold stock
mil of dol
' +91
r
—968
-99
' -869
r
703
' -667
'-36
4,067
3 119
415
533
3 464
2,801
123
540
+603
— 1 230
— 118
-1,112
—242
234
—8
+835
+ 148
+740
+771
r
-82
+127
+5
Errors and omissions
do
-50
r
Revised.
* Preliminary.
1 As reported. The retroactive higher taxes are estimated to reduce full year's earnings to about $8.00.
fRevised series. Data for American Telephone and Telegraph stock (included in figures for 200 stocks) are excluded. Monthly data for 1929-48 are available upon request.
§Number of stocks represents number currently used; the change in the number does not affect the continuity of the series.
SUEVEY OF CUERENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S--21
1951
1950
February
January
March
April
May
June
July
August
September
October
November
December
January
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE }
Indexes
Exports of IT. S. merchandise :1
Quantity
Value
Unit value
Imports for consumption :1
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, domestic, total:
Unadjusted
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
r
199
349
' 175
187
' 325
' 174
194
335
173
203
355
175
178
' 315
' 177
' 173
308
' 178
201
368
183
196
366
187
211
' 398
' 189
221
431
195
129
288
223
143
322
225
123
' 280
227
141
319
226
143
331
232
143
'342
240
161
399
247
156
'402
257
170
445
263
152
410
271
151
418
276
89
85
98
113
103
116
98
124
89
122
103
157
69
104
78
109
88
73
.80
58
86
67
97
80
do
do
100
104
103
124
110
125
126
150
102
120
102
124
98
125
101
109
120
98
116
90
117
101
129
117
do
do
112
105
109
105
114
101
104
98
103
105
108
118
113
126
134
146
122
128
126
127
109
114
103
103
2 628
6,654
2 676
5,289
3 012
7,196
4 430
6,432
5 519
6,962
5 586
7,496
5, 457
7,941
i 5 817
7, 468
••741
••764
••860
'803
'829
'877
1936-38 =100
do
do
r
r
do
do
do
1924-29=100
do
300
178
168
177
'310
' 175
138
304
220
r
Shipping Weight
Water-borne trade:
Exports including reexports thous of long tons
General imports
do
1
5 088
6,883
1
' i 5 885
' 8, 285
5 298
7,583
Value
Exports, including reexports, total
mil. of dol__
By geographic regions:
Africa
thous. of dol
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
Total exports by leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
British Malaya
do
China
do
India and Pakistan
do
Japan
do
Indonesia
_•__ do
Republic of the Philippines
do
Europe:
France
do
Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
.do
North and South America:
Canada incl Newfoundland and Labrador do
Latin- American Republics, total
do
Argentina
. do
Brazil
do
Chile
do
Colombia
do
Cuba
do
Mexico
do
Venezuela
do
Exports of U. S. merchandise, total
mil.
By economic classes:
Crude materials
thous
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities':
Agricultural products total
Cotton unmanufactured
Fruits vegetables and preparationscf
Grains and preparations
Packing-house products cf
of dol__
of dol
do
do
do
do
do
do
do
do
do
Nonagricultural products total
do
Aircraft, parts, and accessories§
do
Automobiles, parts, and accessories cf §- -do
Chemicals and related productscf
do
Copper and manufactures cf
do
Iron and steel-mill products
do
' 24, 288 31,463
28,177
' 144, 660 r 148, 634 ' 168, 728
' 234, 883 ' 265, 130 r 282, 970
128, 348 ' 120, 208 148, 312
' 29, 532
'131,790
' 259, 878
' 164, 506
«" r116, 083 * 99, 637 ' 124, 588 ' 111, 223
99,383 ' 107, 707 ' 106, 184
92, 521
' 29, 612 ' 36, 500
' 151,288
153, 058
' 240, 199
279, 681
191,369
173, 978
' 109, 290 108, 584
' 106, 756 125, 617
3,411
12, 189
2,513
' 16, 652
8,024 r 10, 638
10, 461
10, 437
6,906
r
' 1,254
' 1, 392
' 1, 583
•- 1, 673
1, 365
599
r 3, 398
8,198
4,323
838
36, 372
20,413
18,100
31, 473
16, 786
33, 049
r 29, 865 ' 28, 009 ' 35, 820
r 33, 546
' 6, 770 ' 7, 591
8,148
' 9, 585 '6,423
r 19, 528 ' 17, 282 ' 23, 882 ' 23, 807
22, 184
12, 151
1,980
4,096
25,003
33, 407
5,522
' 22, 214
' 2, 335
' 6, 882
1,703
9,187
«• 2, 165
8,566
r 2, 766
11,816
r
r 36, 884
' 33, 968
' 27,r312
12
r 28, 954
41, 969
••31 874
••31,301
130
' 54, 219
' 33, 386
41, 938
31,317
r
37
' 54, 048
r
r
128 346 ' 120 203 148 307
' 197, 776 r 188 651 ' 214, 502
10, 677
15, 588 r 11, 509
r 18, 429 r 19, 400
22 753
r
'6 806 r 6 264
6 697
r 14, 278 r 13 917 r 17 277
'32 563
27 297 '33 813
'40 959 '34
536 '38 828
r
32 124
'36 104
'30 899
••732
'756
r
'851
619
667
649
241
436
r
' 510 286r
11,386
r 44, 874
r 49 623
4,717
41 467
241
105
r 53
T
67
13
3,315
9,170
1761
1911
' 23, 446
122, 991
184, 334
160, 515
115, 213
108, 999
26, 276
133, 783
247, 575
179, 853
141, 857
124, 143
1.680
9,803
2,442
9,695
6,646
5 986
1,369
' 1, 757
'
8, 904
' 3, 038
11. 922
17, 485
'
31,
103
33, 552
4,001
3,518
16,500
' 17, 073
20.060 ' 25, 818
14, 198
37, 664
38 222 ' 57 203 20 135
'36 798
' 39, 504 34,357 ' 39, 623 ' 17 674
9
292
77
26
' 48, 693 ' 29, 267 24, 389
' 24, 046
'1905
32,390
' 120, 204
' 240, 681
'200,446
' 122, 630
' 113, 667
2, 359
8,345
1981
28, 605
' 148, 450
' 248, 050
196, 455
' 133, 237
' 141, 201
3,570
9,939
8,880
' 7, 422
10 014
2,135
2,053
2,441
1,004
'984
' 2, 877
11, 491 ' 15, 547 ' 20, 434
' 45, 225 36, 569
35, 247
6,468
7,223
5,887
' 17, 004
19, 988
16,508
' 14, 118
24, 890 ' 30, 005
' 25, 852 ' 42 652 33 471
' 18, 627 23, 224
22,009
3
25
16
' 41, 581 ' 59, 538 ' 58, 109
' 85, 037
'40 149
21, 785
' 74
' 49, 790
i 1, 063
i 972
42, 108
153, 794
284, 380
185,903
135, 004
150, 178
4,531
12, 525
10,832
1,556
84
24,042
42, 818
9,465
24,303
35, 708
37, 587
38, 365
51
47, 563
' 164 495 191 302 r 173 928 r 166 181 ' 160 511' 179 835 '200 431 ' 196 437 185, 892
273, 337
' 206, 027 ' 205, 984 '223 697 ' 200 074 ' 214, 298 ' 254 457 '225 732 '263 456
12, 774
11,818
' 10, 308
11, 600
10, 506
14, 624
14, 774
11. 440
8 963
44, 648
' 22, 537 ' 22 075 27 696 ' 28 024 ' 33, 693 '39 494
'30 066
44, 766
10,
430
4
785
4
235
'5 749 '6 112
4 527
6 094
5 697
4 333
22, 075
' 22, 729 23 612
17, 004
18, 621
15 520
18 706
28 681 '20 878
45,
465
' 32 944 '31 323
36 695
41
116
53
143
45
018
42 745
38 294
' 36, 922 36, 712 ' 40 328 ' 40 308 ' 40, 880 ' 47, 992 '45 501 ' 56 059 56, 704
37, 759
32 731
r 26 238 '30 507
30 285
34 713
34 923 '35 383
36 779
'793
'817
r 121 499 r143 877 ' 165 065 ' 145 804 ' 168
' 64 471 r 65 855 ' 61 020 ' 62, 705 ' 55
' 47, 834 T 41 842 ' 46 082 ' 51,304 ' 48
r 77 911
87 061 ' 91 221 ' 87 494 ' 90
r 420 190 r 417 288 r 487 338 ' 445 785 ' 454
r 221
84
r9
r 78
10
r i 779
' 29, 211
119, 436
177, 928
166, 212
115, 565
100, 430
'866
'1768
!750
!898
'1893
1969
158' 192 101 ' 107 814 ' 141 600' 175 624' 164 321 ' 173 538
020 ' 58 281 ' 57 324 ' 56, 997 ' 60 246 ' 65 980 ' 72 109
247 r 50 342 ' 55 475 ' 41, 500 ' 56 099 ' 53, 168
53 544
279 ' 93 595 ' 84 179 '84 621 '102 968 ' 97 835 ' 108 003
993 r 471 905 r 462 990 ' 425 515 ' 502 797 ' 511 630' 562 242
i 1, 050
1957
185, 765
80, 112
57, 121
117, 433
609, 161
012 ' 253 915' 228 246 ' 233 957' 262 346 ' 181 143' 199 080 ' 252 815 ' 233, 644 ' 266 315 301, 173
r 46 454
127 948
97 918
78 675
389 r in 492
90 277
' 65 970 ' 75 730 60 389
79 581
r 18 351
17 484
r 12 544
266
r 13 162
12 899
15 389
14 115
' 14 492 ' 16 352 r 13 746
315 ' 63' 359 r 65 818 T 54 098 T 59 984
' 73 850 ' 62 012 ' 72' 426 ' 72 004 ' 78 102 86, 674
17 739
984
13 120
15 368
10 463
' 12 907 14 013
12 840
10 036
12 732
11 581
514 911 ' 596 810 r 564 846 ' 582 740 r 603 879 r 586 639 ' 551 153' 644 919 ' 659, 289
r
14, 653
12 457
1,781
' 2, 438
7, 985
9, 150
9 854
3,821
3 103
' 46, 817 ' 55, 263 ' 69, 099 ' 62, 927 ' 62, 996 r 62, 705
47, 409
' 59, 169
49, 646
52 631
61 565
60 954 ' 65 210 ' 53 412 57 396
65 713 ' 61, 484
60 220
7 215
5 525
5 293
5 339 r ' 5, 520
8 130
6 580
4 623
4 075
34 826
36 353
40 434
39 868
40 639
38 021
39 148
' 47 956 34 189
' 703 121
2,672
'71,567
' 70 184
5 884
'39 888
748, 419
1,357
70, 543
66 713
10, 361
39 949
r 162 230 r 160 149 '195 080 r 176 395 r 174 190 T 177 522 ' 198 175r 160 8?1 '197 501 ' 204 169 r 220 982
245 786
Machinery total cf §
do
5 984
8,460
Agricultural cf
do
' 7 838
6 527
7 923
10 669
10 933
10 759
10 022
' 9 807 ' 10 859 r 8 801
21, 996
22, 580
21 337
24 224
'
22
795
18,
227
16
341
15,
272
19,
545
Tractors, parts, and accessories* §
do
20
411
21
926
19
921
' 27 486 ' 31 066 ' 36 961 r 31 510
' 33 166 ' 38 556 40 263
Electrical cf§
do
' 29 772 '34 501 r 28 055
' 26 992 r 34 558
13, 621
15 741 ' 20 829 17 374
17 037
17, 237
Metal working
do
'r 16 784 ' 15' 578 ' 12 857 ' 19 530 ' 19, 800 16 325
r
r 74 565
r 72 041
r 71 198
' 75 241 ' 80 790 88 023
67 249 r 81 686
r75 428
' 59 543 r 76 212
77 508
Other industrial cf
do
35 451
38
144
47,
304
48
530
53 973
Petroleum and products
do
32 650
37 329
41
002
45
665
40
143
'
38
677
'
40
671
r
33, 675
44, 732
' 44, 184 ' 32, 069
' 45, 133
51, 414
52, 344
54, 366
33, 128
44, 638
41, 742
38, 982
i
Textiles and manufactures
do
r
Revised, i Total exports and various component items include MDAP shipments as follows (mil. of dol.): July 1950-January 1951, respectively—47.0; 21.4; 31.2; 52.4; 53.9; 76.3; 51.8.
Beginning July 1950, certain items classed as "special category" exports, although included in total exports, are excluded from water-borne trade anl from arei and country data.
JRevisions for various periods in 1947 and 1948 have been made (since publication of the 1945 STATISTICAL SUPPLEMENT) in most of the foreign-trade items and there will be further changes,
beginning 1946 as final data are completed by the Bureau of the Census; moreover, the revaluation of tin imports and the transfer of certain "relief and charity" food items fr om the nonagricultural exports group to the agricultural group have affected the pertinent series back to 1942. Revisions will be shown later.
^Index base changed beginning with the October 1950 SUBVEY. Data prior to August 1949 will be shown later.
cf Data beginning 1948 have been adjusted in accordance with the 1949 commodity classifications. Unpublished revisions (January-July 1948) are available upon request.
§Excludes "special category" exports not shown separately for security reasons.
*New series. Not separately available prior to 1948; included with agricultural machinery.
SUKVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE §— Continued
Value— Continued
General imports, total
thous. of dol__ ' 623, 443 ' 600, 468 ' 664, 987 r 585, 018 r 659, 090 ' 685, 859 ' 707, 884 r 819, 481 ' 857, 864 ' 922, 004 r 851, 694 r
By geographic regions:
26, 438
49, 253 ' 46, 664 28, 657 r 37, 550
' 36, 660 ' 33, 364 r 39, 295 r 63, 316
35, 332
39, 318
Africa
do
115, 253 ' 125, 622 139, 713 ' 137, 845 149, 525 ' 150, 435
160, 086
167, 384 ' 217, 060 ' 215, 443
Asia and Oceania
-do_ __ 127, 661
' 89, 486 ' 79, 573 ' 98, 294 r ' 82, 993 94, 594 * 99, 455 r' 100, 992 120, 581 T 136, 150
162, 936
166,
036
Europe
do
167, 645 'r178, 535 163, 438
127, 912 ' 125, 742 ' 150, 189 r132, 397
160, 379 T 179 020
186 366
201 005
Northern North America
do
Southern North America
do. __ ' 88, 956 89, 405 ' 112, 355 81, 706 ' 95, 844 r 87, 653 ' 94, 499 119, 593 ' 97, 831 ' 93, 729 86, 252
125, 612
162, 990 r 141, 242 ' 131, 863 r 119, 552
134, 031 ' 165, 155 219, 547 ' 214, 162
207, 956 ' 162, 264
South America
-do
By leading countries:
Africa:
r
304
262
593
202
9,701 ' 10, 645
5, 965 ' 19 735
3, 290
355
235
Egypt
do
8,252 ' 10, 850 11, 878
' 11, 781
8,773
12, 225
9,010
6,540
11, 363
15, 543
Union of South Africa
__do
16,357
Asia and Oceania:
7,574
8,972
7,421
13, 111
11, 008
13, 148
18, 006
' 9, 883
17, 099
9,593
5,546
Australia including New Guinea
_-do
19, 854
16, 485
23, 932
19, 122
21, 771
17, 588
25, 516
30, 227
39, 460
24 749 r 31, 723
British IVTalaya
do
'6,944
10, 182
r 9, 049 ••11,072
12,
159
8,655
11,
728
11,
746
13, 767
14,
639
19,
647
China
do ._
26, 644 r 20, 585
21,367
19, 233
'•26,379
22, 418 r' 22, 004
21, 333
29 883
33, 022
27, 691
India and Pakistan
do
9, 557
9,530 '•11,932
17, 152
13, 758
16, 744
10, 068
15, 580
18, 582
21, 641
19, 792
Japan
-do
7,003
8,704
5,598
10, 357
7,085
13, 505
' 10, 280 ' 15. 485
13, 875 ' 21, 801 20, 321
Indonesia
do_
' 16, 273 19,362
21, 589
14, 175
19, 393
15,204
20, 622
20, 420
26, 043
21, 347
21, 026
Republic of the Philippines
do
Europe:
6,002
8,092
6,542
8,262 r 12, 614
5,466
' 7, 701
6,777
19, 283
13, 888
15,476
France
do
r
4, 959
' 6, 085
' 4, 260
6,268
5,367
4,897
6,175
16, 152
8,528 ' 11, 136
15,162
Germany
- do_ _
7,334
5,121
5,552
' 5, 799 ' 7, 161
9,554
6,590
' 9, 412 10 390
13, 904
16, 579
Italy
do
3,446
4,575
2,827 • 3,558
4,300
2,448
2,182
3,017
1,439
6,420
Union of Soviet Socialist Republics
do. _ _
2,130
24, 090
' 18, 040
20, 997
17, 689
18, 287
27, 174 ' 26, 373 «• 36, 380
31 473
39, 085
42, 580
United Kingdom
do
North and South America:
Canada, incl. Newfoundland and Labrador
186, 356
thous. of dol_ ' 127, 912 125, 742 ' 150, 189 r 132, 251 r 167, 500 r' 178, 259 ' 163, 310 ' 160, 342 ' 178, 845 200, 804
207, 295 ' 245, 564 ' 321, 473 ' 297, 200 ' 283, 301 ' 230, 537
Latin- American Republics, total
do_ _ ' 235, 550 r 219, 762 r 227, 457 ' 186, 559 206, 860
15, 881
' 18, 335 17, 686
19, 003
18, 544
13, 840
17, 432
18, 624
17,211
18, 138
17, 392
Argentina
do
41,885
43,655 ' 45, 073 37, 912 r 64, 998 ' 83, 679 ' 85, 034 82, 152 r 68, 733
55, 322
43, 049
Brazil
_ _ _ _ _ _ -do
8,713
16, 248
16, 621
10, 020
7,977
15, 070 ' 14, 223 15, 613
9,928 '12,083
13, 534
Chile
do
18, 736
15, 663
28, 650
13, 301
42, 650
30, 004
15, 587
26, 091
38, 642
40, 474
22, 675
Colombia
-do
' 48, 248 29, 650
36, 611
' 18, 952 30, 808
29, 078 ' 34, 124 r 54, 253
42,
976
38,
238
24,
143
Cuba
do
22, 517
21, 277 ' 26, 577 'T 25, 337 22, 251 ' 26, 502 r 28, 716 r 27, 247
27, 261
23,708
31, 216
Mexico
- __do
32, 061
23, 265
26, 959 ' 26, 882 ' 29, 824 r 26, 783
21, 868
28, 471 ' 26, 950
28, 972
25, 078
Venezuela
do
' 622, 917 r 590, 347 ' 659, 835 ' 573, 441 «• 653, 955 r 679, 365 r 701, 378 r 817, 771 i- 824, 319 f 913, 535
Imports for consumption total
do
By economic classes:
168, 840 ' 183, 499 ' 163, 326 167, 599 * 184, 242 r 184, 216 ' 222, 891 r 224, 467 ' 255, 478
183, 493
Crude materials
do
154, 409
139, 890 ' 128, 576 r 109, 526 ' 117, 240 119,916 ' 154, 611 181, 499 r 179, 484 ' 172, 039
Crude foodstuffs
_
__ do _
75, 971
46, 871
58, 017 ' 80, 188
61,793
75, 144 r 83, 114 ' 103, 782 r 88, 151
87, 431
Manufactured foodstuffs and beverages do __
169, 031 r 180, 499 ' 162, 642 ' 184, 146 r 196, 600 f 239, 423
Semimanufactures
_
_ _ d o 'r138, 896 ' 131, 365 rr 147, 009 r 130, 613
92, 235
99, 248
120, 563
108,184 ' 124, 114 r 119, 565 r 116, 796 T 125, 453 r 135 617 ' 159, 164
Finished manufactures
do
By principal commodities:
292, 931 ' 295, 267 r 306, 008 ' 262, 740 ' 278, 891 289, 210 r 331, 731 r 410, 126 r 393, 070 r 405, 193
Agricultural products, total
do
73, 089
64, 061 ' 58, 783 56, 374
84, 607
105, 153
130, 836 ' 128, 376 112, 567
Coffee
do_ _- 104, 945
7,539
7, 653
8,506
11, 664
7,175
7,973
12, 026
12, 481
12, 968
Hides and skins
do
10 598
22, 947
29, 598
29, 994
19, 837
19, 218
23, 786
39, 824
33, 853
Rubber, crude, including guayule
do. _ _
41, 109 f 58, 922
1,192
1,588
1,422
1,706
1,238
1,270
1,215
1,249
3,159
2 571
Silk unmanufactured
do
16, 182
43, 344
30, 393
31, 109
27, 614
37, 067
34, 213
53, 309
Sugar
_
_ _ _ do. _
35, 033
40, 156
37, 061
35, 072
31, 863
27, 925
31, 055 r 31, 044 ' 39, 247 r 46, 864
Wool and mohair, unmanufactured
do_ _
33. 394
36, 757
390, 155 ' 369, 648 ' 407, 646 ' 431, 249 r 508, 343
Nonagricultural products^ total
do_ _ r 329, 986 r 295, 079 ' 353, 827 ' 310, 702 r 375, 064
5,792
6,599
9,318
8,030
11, 368
' 5, 300
14, 279
8,308
6,281 f 13, 689
Furs and manufactures
do
Nonferrous ores, metals, and manufactures,
53, 981 ' 44, 835 71, 606 ' 80, 180 r 63, 981 r 76, 417 ' 68, 044 88, 887
total
_ _ --thous. of doL _ r 63, 457 r 59, 860
14, 825
11, 789
19, 305
20, 025
23, 283
32, 771
12, 779
14, 598 r 16, 649
Copper, incl. ore and manufactures do
29, 533
' 15, 502 ' 10, 571 r 7, 924
17, 456
17, 360
14,911
21, 230
24, 016
17, 413
19, 788
Tin including ore
do
r
r 19, 748 r 21, 713
22, 623
15, 898
21, 438
?3, 945
20, 830
26, 335
Paper base stocks
do_
21, 577 r 23, 073
31,708 r 35, 846
44, 927
34, 567
33, 703
40,
544
38,
410
34
066
38
933
42
000
Newsprint
do
r
r
54, 332
38, 230 '51,417
' 48, 292 45, 295
47, 299
r 45, 413
50, 255 ' 47, 790 r 55, 338
Petroleum and products
do
r
841, 014
864, 105 1, 022, 300
55, 917
199, 742
156, 408
185 695
91, 228
175, 115
3,268
17, 779
19, 770
38 230
16, 196
20 254
17,617
23, 281
19, 348
21, 176
14, 734
11 945
1,899
32 758
185, 686
245, 665
13 977
63, 046
19 521
20 605
18 506
35 124
24 905
856 668 1 016 300
r
254, 801 269 943
' 142, 245 148 150
73, 251
63, 637
T
214, 670
228 064
156 048
146 875
r
363 730
88 085
11 418
68, 370
2 521
17, 494
38, 936
477 284
9 313
r
356
84
8
71
2
14
38
500
11
298
083
444
30Q
090
564
250
370
032
79, 044
19, 744
15 243
27? 974
37 142
50 736
104, 726
28 118
19 158
27 808
41 05H
53 950
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue
thousands. _
Express and freight carried.
short tons
Express and freight ton-miles flown thousands- "Mail ton-milfts flown
do
Passengers carried, revenue
_ _ do_ _
Passenger-miles flown, revenue
do
Express Operations
Operating revenues
thous. of dol
Operating income _
_
_ do
Local Transit Lines
Fares, average cash rate
cents
• Passengers carried, revenue
. millions
Operating revenues^
thous. of dol
Class I Steam Railways
Freight carloadings (A. A. R.):cf
Total cars
thousands
Coal
do
Coke
do_
Forest products
do
Grain and grain products
_ __
do _
Livestock
do_ _
Ore
do
Merchandise, 1. c. 1
do
Miscellaneous...
do____
24, 946
15, 784
9,714
3,302
915
468, 709
23, 696
14, 529
9,276
3,217
942
466, 757
26, 001
17, 329
11, 443
3,685
1,109
552, 098
27, 206
18, 121
11, 166
3,493
1,289
617, 914
28, 868
19, 287
12, 418
3,741
1,419
665, 511
28, 591
20, 717
12. 367
3,498
1,539
762, 097
28,860
18, 134
11,654
3,252
1,459
723, 803
28, 778
21, 776
13, 707
3,775
1,562
749, 845
27, 564
22, 452
13, 672
3 762
1,490
719 494
28, 552
25, 489
15,171
4 245
1, 563
735 180
26, 082
22, 780
13, 918
4 112
1 327
620 156
27, 926
25 014
14, 892
6 232
1 365
684 444
19, 566
54
18, 655
56
19, 372
67
18, 304
42
18, 501
67
18, 174
17, 226
223
17, 647
178
17, 697
176
17,318
189
18 312
194
21 890
195
' 9. 9051 r 9. 9051
'1,224
r 1,124
121, 100
114, 000
r 9. 9294
123, 700
«• 9. 9562
'1,179
121,300
r 10. 0268
'1,214
124, 400
10. 0681
'1,140
117, 400
' 9. 9708
1.048
113, 000
10 0827 r 10 1630
1 177
1 116
125 800
123 100
T 10 1995
1 183
137 200
10 2360
1 168
2,288
259
42
140
157
29
46
320
1,297
3,446
787
56
191
206
37
55
424
1,688
2,875
614
56
159
164
34
72
341
1,434
2,980
572
56
171
159
34
239
325
1,424
3 629
' 742
75
218
256
49
96
380
1.814
3 009
632
64
1871
214
38
68
308
1.498
r 2, 390
••432
48
126
162
37
46
298
' 1, 240
r 1, 255
*5
r
3 905
705
73
227
229
36
388
400
1.846
3,018
469
58
176
222
26
329
306
1,433
r
10. 0341
1,099
121 600
3 374
617
59
202
215
31
324
352
1.574
r
10. 0608
1,094
114, 300
4 220
'787
75
239
246
62
409
438
1.963
d
* Revised.
Deficit.
§See note marked "J" on P- S-21.
JRevisions for January 1947-May 1948 appear in corresponding note on p. S-22 of the August 1949 SURVEY.
cfData for March, June, September, and December 1950 are for 5 weeks; other months, 4 weeks.
r
3 531
657
64
191
225
66
301
354
1. 673
3 240
599
63
182
223
50
223
332
1. 569
SURVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-23
1950
January
February
March
April
May
1951
June
July
August
September
October
November
December
January
TRANSPORTATION AND COMMUNICATIONS—Continued
TR AN SPORTATION—Continued
Class I Steam Railways—Continued
Freight carloadings (Federal Reserve indexes):
107
96
Total unadjusted
1935-39=100
46
97
Coal
do
158
130
Coke - _ _
„_ _
do - _ _
115
106
Forest products.
_ _do
119
111
Grain and grain products
do
68
52
Livestock.
___do ___
42
39
Ore
do
49
51
Merchandise, 1. c. 1
___do_ __
122
122
Miscellaneous
do
104
117
Total, adjusted
__.do
46
97
Coal
do
122
151
Coke -_
_do _._
119
118
Forest products
do
119
113
Grain and grain products..
_
do
70
65
Livestock
do
169
156
Ore
-_
_do
52
52
Merchandise, 1. c. 1
do
133
130
Miscellaneous
__
do
Freight-car surplus and shortage, daily average:
110, 945
165, 541
Car surplus, total
_
_
number
17, 425
11, 701
Box cars
do
139, 311
77, 385
Coal cars
_
do
224
569
Car shortage, total
do
111
414
Boxcars
_
do
37
16
Coal cars
do
Financial operations (unadjusted):
r
Operating revenues, total ._•
thous. of doL_ 657, 045 584, 928
' 537, 339 481, 965
Freight
do
69, 725
57, 845
Passenger
do
' 546, 661 501, 118
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of doL _ ' 77, 588 68, 574
- 32, 796
15, 236
Net railway operating income
do
d
9, 301
11,016
Net income i
do
Financial operations, adjusted:
638.4
688.6
Operating revenues total
mil of dol
522.9
565.0
Freight
do
64.1
72.8
Passenger
do
606.3
628.9
Railway expenses _'l _
do
32.1
59.8
Net railway operating income
do
29.1
1.3
Net income
do
Operating results:
41, 793
36, 383
Freight carried 1 mile
mil of ton-miles
1.370
1.407
Revenue per ton-mile
cents
2,730
2,215
Passengers carried 1 mile revenue
millions
120
139
144
123
116
53
39
54
127
127
139
143
123
126
67
134
53
134
122
123
177
129
115
61
63
54
135
126
123
181
129
131
68
121
53
137
125
119
179
139
112
59
217
51
135
122
119
181
134
127
66
121
51
133
131
116
188
150
133
51
277
52
142
127
116
192
144
130
61
179
52
138
130
105
190
149
162
48
298
51
141
126
105
195
148
135
61
186
51
140
140
126
186
163
150
57
285
56
149
135
126
194
155
139
60
190
56
147
145
135
198
160
143
95
298
57
154
134
135
201
148
128
72
198
55
142
147
135
201
154
159
116
262
56
158
136
135
206
146
159
75
184
54
145
139
126
198
154
162
90
188
54
152
136
126
198
157
166
72
184
53
146
130
129
204
145
1.48
70
62
CO
142
140
129
194
162
158
72
199
52
151
133
133
209
153
153
66
61
50
145
146
133
199
170
153
69
243
52
158
76, 055
4, 867
58, 377
5,012
2,749
2,121
18, 358
5,099
4,559
4. 910
2,799
1,810
12, 178
3,189
1,957
6, 663
2,986
3,080
6,625
1,949
513
11, 491
5,845
4,748
8,311
234
4, 389
21, 154
13, 875
6,103
4,346
16
39
38, 064
21, 846
14, 101
3, 583
8
30
34, 381
19, 444
13, 243
2,405
9
113
35, 135
19, 620
14, 349
4,926
432
386
24, 696
13, 838
10, 245
6,258
956
975
14, 798
8,998
4. 989
5,677
705
1,138
19, 267
12, 006
6,528
743, 326
630, 542
59, 555
574, 408
713, 820
601, 801
60, 555
562, 625
406
747
801
567
779, 182
649, 228
71, 660
588, 763
772, 161
639, 729
76, 006
579, 116
889, 796
748, 110
78, 220
626, 265
872, 032
725, 014
71, 623
600, 697
925, 383
784, 544
66, 271
635, 021
862,
710,
65,
618,
201
808
885
611
927, 930
673, 554
79, 271
645, 422
848, 729
709, 736
78, 158
645, 246
93, 211
75, 706
49, 437
88, 978
62, 217
37, 530
97, 808
67, 032
45, 221
100, 372
90, 047
72, 050
109, 134
83, 910
58, 622
141, 467
122, 064
95, 829
148, 712
122, 622
98 965
155, 733
134, 629
107, 863
133, 590
110, 001
86, 146
169, 190
113,319
120. 060
125, 792
77, 691
722.5
607.4
60.2
655.1
67.4
35.8
729.8
613. 8
62.7
666. 6
63.2
31.6
715.2
604.6
57.4
660.9
54.3
20.2
791. 4
663.4
69.2
691.5
100.0
69.7
771.9
646. 1
69.7
685.9
86.1
54. 1
832 5
699 2
69.8
744.3
88.2
54 8
857 6
711 1
71 9
749 1
108 5
72 8
884.6
747.2
67.7
776. 2
108.4
74.3
863.0
710.8
68.9
r
759. 8
103.2
r
70. 5
941.0
708.3
77.8
849. 4
91.6
*>58.9
50, 937
1.318
2,304
49, 687
1.289
2,362
51, 155
1.314
2,215
51, 865
1.326
2, 830
51, 982
1.305
3,042
59 403
1.325
3 125
57 940
1 320
2 818
62, 017
1.332
2,573
54, 817
1. 363
2,500
54, 608
1. 310
3,058
745,
634,
56,
580,
Waterway Traffic
Clearances, vessels in foreign trade:
Total U. S. ports .
thous of net tons
Foreign
__
do
United States
do
Panama Canal:
Total
thous. of long tons
In United States vessels _ _
do
5,619
3, 095
2, 523
5,429
2, 933
2,496
6, 465
3, 665
2,800
7,091
3,928
3,163
7,638
4,503
3, 135
8,130
4,860
3,271
7,613
4, 630
2,983
8,552
5,302
3,249
8 396
5 134
3 262
8,220
5,165
3,055
7,363
4,320
3,044
7,244
4,207
3,037
2,508
1. 412
2,565
1, 588
2,762
1,551
2, 365
1, 339
2,606
1,447
2,562
1, 4(30
2,857
1,668
2,452
1,477
2 356
1 307
2,478
1,157
2/236
1,074
2,216
1,011
2 338
1,104
5.41
80
211
5.43
83
215
5.25
81
20S
5.73
83
230
5.26
83
239
5.64
84
238
5.43
77
207
6.13
81
231
5.98
84
232
6.17
86
228
6.27
79
225
5.78
66
208
5.95
79
228
40. 553
42, 636
1, 634
14, 201
22, 069
187
51,056
55, 067
1, 524
15, 365
30, 1 56
237
59, 457
65, 836
2,122
16, 142
39, 187
304
53, 434
62, 677
1,985
16, 463
36, 607
560
50, 283
60, 413
2,083
19, 974
41,453
886
56, 902
88, 305
3, 384
18,215
41, 233
1,930
59, 768
36, 058
i 31,869
v 17, 877
21, 635
3,271
» 18, 559
18, 037
3,300
v 15 289
13 827
1 474
12, 734
833
12, 115
326
10,614
242
16 832
1,026
9,577
845
7,881
865
8,069
808
7,555
664
6,229
861
8,009
850
7,826
930
8,444
936
8 513
955
8,658
871
7,905
271, 019
161,650
90,417
200, 786
32, 603
36, 426
262, 131
159, 375
84, 093
191,542
33, 198
36, 605
280, 803
164, 709
97, 096
204, 642
36, 448
36,813
275, 806
163, 935
92, 636
196, 628
37, 873
36, 999
285, 947
168 157
98, 504
208, 569
37, 310
37, 158
287, 467
169, 767
98, 275
204, 849
33, 929
37, 304
289, 528
169 124
100 646
205, 664
41, 489
37, 441
300, 617
172 540
108, 189
211,798
35, 337
37, 620
292, 847
173 265
99 290
205 109
39 584
37, 790
303, 234
178 120
104, 346
212, 572
41, 369
37, 987
298, 071
178 184
98 941
208, 249
40, 861
38, 166
13, 241
12, 756
d
359
12, 636
11,887
d
83
14, 565
12, 798
907
13 755
12, 467
474
15 192
13, 262
1,090
15 378
13, 086
1,469
14 738
13, 272
671
16 022
13, 716
1, 525
15 041
13 364
940
15 531
13, 358
1 461
15 251
13, 439
1 135
16 643
14, 506
1 485
1,762
1, 548
31
1,620
1,584
1,901
1,703
13
1, 646
1, 568
1,902
1,612
116
1,943
1,552
207
2,189
1,563
418
2, 295
1, 581
510
2 254
1, 553
507
2 265
1,569
494
2 232
1,470
590
2 638
1,691
672
1,883
1,790
d
1,784
1,700
2,017
1,835
83
1,774
1,742
1,967
1,803
64
2,055
1,781
175
2,228
1,808
325
2 408
1,795
525
2 244
1,819
335
2 331
1,787
453
2 326
1,804
437
2 583
2, 057
453
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied __ _
percent of total
Restaurant sales index
same month 1929=100
Foreign travel:
U. S. citizens, arrivals
_ number
U. S. citizens, departures
.
do
Emigrants
do
Immigrants
do
Passports issued..
_ _ _
do
National parks, visitors
_
thousands
Pullman Co.:
ReveDue passenger-miles
millions
Passenger revenues _ ._ _ _ ..._ thous. of dol
1
78, 034
80, 857
1
96, 425
61, 804
88, 614
i 44 776
1
COMMUNICATIONS
Telephone carriers:!
Operating revenues
thous. of dol
Station revenues
do
Tolls, message
_
do
Operating expenses, before taxes
do
Net operating income_ _
do
Phones in service, end of month
thousands
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous of dol
Operating expenses, incl. depreciation do
Net opera ting re venues. - _
do
Ocean-cable:
Operating re venues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph :
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
_ do
r
Revised.
1
20
d
113
*1S
d
105
*71
d
* Preliminary.
Deficit.
JRevised data for December 1949, $81,915,000.
Data exclude departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.
tRevised series. The coverage has been reduced from 100-120 to 56 carriers (except for January 1948-December 1949 when data covered 53 carriers); however, the comparability of the series,
based on annual operating revenues, has been affected by less than 3.0 percent. Also, data are now shown after elimination of intercompany duplications for the Bell System"; annual data
prior to 1948 and monthly figures for January-July 1948 on the revised basis will be available later. Data relate to continental United States.
SURVEY OF CUREENT BUSINESS
S-24
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
short tons__ 124, 079
Calcium arsenate (commercial)
thous. of Ib
0)
56, 849
Calcium carbide (commercial)
short tons._
Carbon dioxide, liquid, gas, and solid*
63, 180
thous. of lb__
158, 202
Chlorine, gas
short tons
47,871
Hydrochloric acid (100% HC1)|
do
3,217
Lead arsenate (acid and basic)
thous. of lb__
Nitric acid (100% HNO3)
short tons_ . _ 105, 575
1,369
Oxygen (high puritv)t
mil of cu. ft
Phosphoric acid (50% HsPO^
short tons._ 132, 745
Soda ash, ammonia-soda process (98-100%
Na2Cos)
_ short tons.. 338, 552
7, 350
Sodium bichromate and chromate
do_
Sodium hydroxide (100% NaOH) . _
do. _ _ 187, 201
Sodium silicate, soluble silicate glass (anhy36, 410
drous)
short tons
Sodium sulfate, Glauber's salt and crude salt
60, 069
cake
short tons
Sulphuric acid (100% H 2 SO4):
1, 019, 803
Production^
do
Price, wholesale, 66°, tanks, at works
17.00
dol. per short ton..
Organic chemicals:
Acetic acid (synthetic and natural), production
36, 765
thous of Ib
69, 140
Acetic anhydride, production
do
829
\cetylsalicylic acid (aspirin), production do
Alcohol, denatured:
14, 771
Production
thous. of wine gal
15, 200
Consumption (withdrawals)
do.
3,464
Stocks
....
do
Alcohol, ethyl:
24, 688
Production
thous. of proof gal
31. 273
Stocks, total
do
30, 377
In industrial alcohol bonded warehouses _ do
896
In denaturing plants
do
27, 411
Withdrawn for denaturing.
do_
2,750
Withdrawn tax-paid
do
10, 597
Creosote oil production
'
thous of gal
6,449
Ethyl acetate (85%), production
thous. of lb__
Glycerin, refined (100% basis) :
High gravity and yellow distilled:
6,927
Production
thous. of Ib
5,971
Consumption
do
14, 347
Stocks
_
do
Chemically pure:
12, 840
Production
do
9.174
Consumption
do
22, 411
Stocks
do
Methanol, production:
171
Natural (100%)
thous of gal
11, 655
Synthetic (100%)
do
18. 174
Phthalic anhydride production
thous of Ib
115, 976
0)
51,317
123.996
1,206
59, 336
134, 452
2,848
54, 837
133, 842
4,898
59, 107
127, 295
9, 334
56, 482
125, 027
10, 274
52, 388
124, 617
8, 920
55, 237
128, 596
2,850
55, 323
136, 736
3,390
57, 436
141, 373
3,140
54, 320
146, 280
2, 614
58, 770
59, 120
151,513
43, 315
3, 756
101 , 3861,253
129, 191
77, 086
167, 091
50, 708
5, 568
98, 906
1,427
128, 987
92, 408
168,878
51,319
4, 694
114, 629
1,432
135, 319
114, 286
177, 269
52, 157
4,406
111, 511
1,447
146, 673
131, 314
167, 721
50, 635
2, 326
104, 604
1,404
135, 526
139. 130
173, 788
51. 288
105, 831
1,400
141, 107
0)
133, 728
173, 117
51, 521
(0
105. 206
1, 512
136, 187
107, 708
165, 828
52, 785
2,196
107, 210
1, 529
131, 302
94, 156
187, 666
58, 492
2,924
119, 661
1,666
142, 103
82, 902
185, 537
r 57, 893
3, 598
124, 376
1,647
r
142, 534
73, 546
192, 604
58, 989
4,632
133, 483
1,703
132, 640
319, 578
6,771
180, 945
368. 746
7,835
205, 354
361,328
7,452
210, 344
388, 169
7,907
219, 641
291, 681
8,135
200, 836
185, 885
5,492
0)
180, 849
5,649
0)
170, 142
7,418
(0
334, 296
8,424
0)
370. 649
8. 577
233, 284
384. 852
9, 670
244, 883
31,416
38, 693
41,300
45, 588
40, 899
29, 929
32, 278
37, 707
47, 317
55, 544
54, 708
54, 820
60, 773
59, 096
54, 377
49, 567
54, 725
61, 820
70, 333
77, 157
75, 882
80, 924
967, 335 1, 071, 299 1 , 057, 073 1,104,335 1,039,938 1, 047, 544 1, 051, 694 1, 057, 851 1, 137, 367 1, 121, 357 1, 183, 428
17.00
17.00
17.75
17.75
17.75
17.75
17.75
17.75
19.33
19.85
19.97
31, 147
67, 356
824
37, 441
73, 287
934
37, 506
65, 734
796
41,012
75, 183
867
37, 633
74, 992
921
39, 520
80, 743
672
41, 593
83, 012
1,080
38,300
77, 963
1,116
42, 476
77, 364
1,081
40,218
78, 221
885
36, 352
79, 462
766
13, 188
13, 205
3,429
16, 539
17, 086
2,873
15,402
15, 922
2,346
15, 994
16, 850
1,487
19, 146
18, 517
2,099
18, 719
18, 204
2,611
17, 733
17, 120
3, 199
16, 708
18, 474
1,467
19, 273
18, 727
2,012
16, 582
16, 861
1,744
21, 265
19, 888
3,118
17, 839
19, 340
1,604
24,254
28. 384
27,700
684
24,044
2,547
10, 063
6,917
27,304
24. 049
23, 512
537
30, 321
3,846
11, 424
6,899
31,210
25, 729
24, 829
901
28, 855
3,552
12,360
6,159
33,410
28, 502
27, 614
888
29,418
3,257
12, 869
9,746
31, 102
23, 248
22, 284
964
35, 468
4,188
12, 769
5,624
31, 727
21, 619
20,489
1,130
33, 018
4,986
10,929
5,646
33, 098
24,580
23,886
694
27, 870
6,928
11, 510
7,737
37, 391
29, 432
29,088
344
26,611
3,660
11, 407
7,922
40, 910
36, 597
35, 979
619
31, 151
3,422
11, 756
8,168
35, 256
44, 066
42, 735
1.331
23, 813
3,877
11. 747
7,824
34, 763
44,010
43, 251
759
20,910
T
3, 035
13, 373
7,665
41, 466
54, 761
52, 075
2,686
22, 941
5,080
6,159
6.082
13, 564
8,499
7,794
14, 468
6.876
7,668
13, 717
8,420
8.633
14, 302
8,079
7,961
15, 132
4,822
7,239
13, 518
7,419
8,581
12,297
7,631
8,007
12, 855
8,222
8,850
13, 070
8,821
8,994
14,180
8,829
8. 257
15, 983
12, 228
7.224
24, 645
12, 553
8,158
25, 972
10, 880
7.619
26, 406
10, 865
8,364
23, 678
9.932
8,011
22, 537
7,430
7,399
18, 444
12, 262
9,007
17, 787
12,098
8,450
18, 172
13, 435
8,363
19, 368
11,827
8,246
19,115
12, 968
7,961
20,132
145
8,767
17, 090
197
9,371
18, 722
166
9,357
15, 436
175
10, 063
15, 675
173
10,417
16, 209
167
11, 125
17, 615
184
11, 395
18, 367
183
12, 984
19, 031
177
12, 308
19, 902
182
13, 474
18,237
162
14, 621
20, 250
385
551
226, 631 ' 283, 942
83, 193 r 50, 081
129, 904
213. 503
7,095
12, 741
70, 484
129, 288
54. 762
104, 447
7,990
51,717
7,153
11,496
3,407
3, 365
598
189, 531
34, 229
139, 759
11,984
199, 190
147, 304
70, 666
4,542
33, 814
737
206, 658
31, 506
148, 979
9,626
154, 905
97, 106
34, 134
5,503
43, 723
852
145, 250
28, 470
77, 061
8,889
167, 832
123, 172
50, 064
9,187
29, 343
2 1, 523
51.50
107, 056
51.50
114, 210
51. 50
113,400
51.50
125, 316
53.50
121, 153
20.00
FERTILIZERS
1,840
1, 535
1,480
1,177
Consumption (14 States) f
thous. of short tons..
262,125 311, 746
446. 192
368, 792
Exports total
short tons
126, 224
91, 136
61, 925
148, 988
Nitrogenous materials
do
311, 684
161, 543
182, 652
181, 362
Phosphate materials
do
9,389
11,819
4,562
3,406
Potash materials
do
142, 225 rr 173, 104
223, 808 r 274, 725
Imports total
do
139, 175
113, 284
128, 400
98, 717
Nitrogenous materials, total
do
68, 259
76, 408
55, 563 ' 56, 172
Nitrate of soda
do
7,824
13, 606
7,023
5,433
Phosphate materials
do
57, 024 ' 118, 420
26, 159
33, 548
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
51.50
51.50
port warehouses. .
dol. per short ton
51.50
51.50
116, 035
113, 107
Potash deliveries
short tons
27, 896
91, 803
Superphosphate (bulk):
854, 292 1, 082, 523 1, 039, 177
802, 943
Production
do
778, 270
1, 495, 731 1, 308, 555 1, 006, 718
Stocks, end of month
do_
408
998
495, 432
450, 744
129, 204
128, 730
289, 520
347, 639
10, 325
7,147
214, 918 ' 111, 954
166, 523
83. 783
103, 322
40, 269
13, 659 '15,321
10, 744
1,056
51. 50
83, 446
51.50
134, 624
325
250, 642
90, 482
141,469
10, 989
50, 974
37,835
1,110
3,298
2,518
51.50
97, 301
51. 50
114, 710
852, 505
930, 822
986, 684
832, 868
866,484
718, 165
940, 072
962, 923
903, 607 1, 178, 262 1, 295, 803 1, 245, 447 1, 209, 299 1, 143, 502 1, 137, 031 1, 191, 573
NAVAL STORES
Rosin (gum and wood) :
566, 830
370 480
594 250
Production quarterly total
drums (520 Ib )
894. 280
936, 460
873 340
Stocks end of quarter
do
Price, gum, wholesale, "WG" grade (Sav.), bulk*
6.29
5.29
4.93
6.11
5.71
5.59
6.61
7.26
6.40
dol. per!00lb__
6.66
8.27
8.43
8.90
Turpentine (gum and wood) :
125, 320
200, 670
194 050
Production quarterly total
bbl (50 gal )
205, 960
191, 200
151, 430
Stocks end of quarter
do
.43
.41
.40
.64
.43
.40
.46
.41
.41
.n
Price, gum, wholesale ( Savannah) _ _ dol. per gal__
.87
.80
.87
r
1
2
Revised.
Not available for publication.
Excludes data for Virginia; effective January 1951, this State will report quarterly. JFigures are not strictly comparable with those prior
to 1948 because of the inclusion of data for additional plants. For January 1948-May 1949 revisions including data for these plants, see note at bottom of p. S-25 of the August 1950 SURVEY.
fRevised series. Beginning in the January 1950 SURVEY, data for fertilizer consumption in 14 States have been substituted for the 13-States series formerly shown; revised figures prior
to November 1948 will be shown later.
*New series. The series for rosin "WG" (window glass) grade, which is compiled by the 17. S. Department of Labor beginning November 1948, and prior to that month by the Oil, Paint,
and Drug Reporter, has been substituted for the "H" grade formerly shown. Data beginning 1935 are shown on p. 24 of the September 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
March 1951
S-25
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
January
February
March
April
May
June
July
August
September
October
November
December
January
2,057
64, 557
1.626
59, 724
1,955
56, 378
1,772
51, 896
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
High explosives
Sulfur:
Production
Stocks
thous. of Ib
do_ _
long tons
do
1,999
40, 468
1,803
37, 389
2,213
53, 418
1,464
55, 794
1,407
59, 843
1,148
59, 805
1,235
55,128
1,912
60, 822
1,837
68, 581
424, 269
452, 060
440, 262
435, 290
436, 612
446, 245
466, 063
389, 305
376, 942
412, 425
401, 232
475, 694
487, 845
3, 074, 562 3, 040, 190 2, 988, 527 2, 885, 294 2, 875, 893 2, 956, 333 2, 975, 927 2, 935, 503 2, 853, 688 2, 822, 913 2, 762, 528 2, 654, 530 2, 736, 188
FATS, OILS, OILSEEDS, AND
BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
255, 357
287, 983
288, 055
298, 594
299, 189
363, 933
317, 265
Production
thous of Ib
74, 577
104, 256
103, 724
122, 437
111,714
101, 937
96, 559
Consumption, factory
do
346, 257
375, 930
344, 466
394, 479
350, 904
360, 842
388, 296
Stocks end of month
do
Greases:
52, 369
45, 750
50, 510
48, 962
53, 289
53, 266
53, 954
Production
do
38, 742
42, 005
43, 595
30, 615
40, 593
40, 163
42, 437
Consumption, factory
do
118, 590
122, 910
122, 920
123, 683
113, 951
111, 321
113, 753
Stocks, end of month
do
Fish oils: .
23, 113
3,649
481
493
524
4,833
17, 506
Production
do
14, 401
14, 682
15, 280
15, 438
19, 543
15, 236
13, 990
Consumption, factory
do
1
82, 478
87, 502
69, 944
48, 093 i 49, 440
90, 827
103, 076
Stocks end of month
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
368
Production, rvrudp,
milToflb
541
'423
388
354
471
478
330
475
406
450
398
375
484
Consumption crude factory
do
Stocks, end of month:
1787
1,069
1,058
1,051
1,074
1,020
i 758
Crude
do
297
392
404
423
386
363
398
Refined
do
32, 421
56, 562
62, 747
68, 105
77, 755
60, 199
38 327
Exportsf
thous of Ib
33,
922
15,
375
43,
682
25,
344
26,
146
40,
639
22,177
Imports, total
do
9,988
11, 698
3,869
1,803
8,883
6, 456
10, 389
Paint oils
__
_ _
do
23, 934
21, 491
21, 475
34, 799
19, 690
20, 374
30, 250
All other vegetable oils
do
Copra:
21, 050
25, 515
36, 640
28, 099
24, 724
28, 757
27, 134
Consumption, factory
short tons
16, 295
18, 042
21, 074
17, 725
23, 784
13, 194
10, 342
Stocks, end of month
do
36, 449
29,
092
44,
905
31,
976
27,
160
27,
903
26,
064
Imports
do
Coconut or copra oil:
Production:
32, 381
36, 654
26, 668
36, 169
31, 179
46, 743
34, 211
Crude
_thous. o f l b _
20, 727
23, 393
22, 515
21, 358
23, 268
26, 247
22, 909
Refined
do
Consumption, factory:
35, 324
43,
234
43,
763
40,
787
46,
571
47,
923
39,
642
Crude
do
17, 639
21, 394
22, 592
21, 420
20, 708
20, 617
21 673
Refined
do
Stocks, end of month:
(i)
167, 888
165, 462
167, 154
170, 014
167, 106
Crude
do
0)
7,968
9,893
6,889
8,446
7,899
8,997
7,756
Refined
do
4,767
7,152
11,847
12, 260
7,787
10, 729
9 724
Imports
do
Cottonseed:
128
262
179
183
213
95
47
Receipts at mills
thous. of short tons
178
654
533
492
276
365
208
Consumption (crush)
_
_ _•_ do _
285
1,409
676
495
334
1,137
858
Stocks at mills, end of month
do
Cottonseed cake and meal:
80, 988
162, 095
235, 130
124, 140
220, 201
289, 039
93, 264
Production
short tons
136, 002
182, 209
196, 406
186, 446
175, 724
179, 112
163 360
Stocks at mills, end of month
do
Cottonseed oil, crude:
57, 790
120, 814
173, 826
162, 217
210,781
90, 610
Production
thous. of Ib
68, 051
47, 667
146, 885
82, 539
99, 469
171, 922
65, 083
Stocks, end of month
do
50, 748
Cottonseed oil, refined:
174,054
59, 523
160, 817 • 116,520
175, 927
98, 983
80 792
Production
do
118, 382
158, 713
174, 461
145,547
130, 694
118, 392
114, 983
Consumption, factory
_ __
do
2 41, 698
46, 604
26, 754
52, 837
47,649
27, 086
34 039
In oleomargarine
do
273, 525
167, 553
285, 761
255, 630
271, 007
Stocks, end of month .
do
251, 672
225, 034
Price, wholesale, summer, yellow, prime (N. Y.)
.130
.176
.160
.138
.153
.170
.162
dol. per lb__
Flaxseed:
Production (crop estimate)
thous. of bu
Oil mills:
2,752
4,119
2,576
2,937
2,209
2,360
Consumption
do
3 270
2,554
1,384
1,055
3,928
5,058
2, 195
Stocks, end of month
__ do
2,255
2
0
0
0
0
0
Imports
do
(4)
3.88
3.93
4.05
3.84
4.00
3.95
4.03
Price, wholesale, No. 1 (Minn.)
dol. per bu__
Linseed oil:
53, 469
82, 216
47, 154
50, 939
57, 066
43, 697
Production. _ _ __
thous. of lb__
63, 490
33,619
32, 292
42, 119
38, 194
39, 850
Consumption, factory...
__ do
44, 990
50, 031
531, 932
564, 035
548, 907
539, 931
569, 973
Stocks at factory, end of month __
do
515, 697
551 263
.184
.182
.185
.180
.180
.189
.187
Price, wholesale (N. Y.)
dol. perlb__
Soybeans:
Production (crop estimate)
thous. of bu
15, 466
Consumption, factory
do
18, 112
16, 909
16, 880
13 913
17, 198
15, 637
54, 214
34 735
19 315
41, 674
47, 991
Stocks, end of month
do
59, 398
28 478
Soybean oil:
Production:
153, 046
170, 251
165, 088
169, 001
177, 518
Crude
thous. of Ib
141 705
159 261
118, 749
131, 848
131,913
146, 063
132, 235
Refined
_ do __ 130, 317
109, 087
116, 186
139, 881
Consumption, factory, refined
do
117, 599
111,398
125, 688
120 525
100 548
Stocks, end of month:
82, 877
91 462
101, 386
78, 911
87, 228
Crude
do
88 338
104 423
66, 791
66, 650
74, 809
71,651
64,118
77 528
73 394
Refined
__
do
.153
.150
Price, wholesale, edible (N. Y.)-__dol. p e r l b _ _
.177
.171
.171
.168
.174
r
Revised, i Data for crude palm, coconut, castor, and sperm oil ars excluded from the pertinent items for June-August;
commercial
stocks basis.
2
Compiled by the U. S. Department of Commerce, Bureau of the Census.
3
December 1 estimate
Less than 500 bushels.
fRevised series. Beginning in the September 1949 SURVEY, data include oleomargarine of vegetable or animal origin.
272, 295
130, 289
297, 756
260, 795
127,332
240, 930
52, 262
46, 388
110, 950
50, 521
50, 402
94, 200
354, 641
119, 095
246, 609
393, 136
147, 760
274, 271
53, 751
58, 895
58, 114
47. 615
86, 676 . 82, 816
60, 213
63, 567
92, 484
300, 360
129, 658
221, 073
22, 517
18, 152
75, 91 7
22, 961
20, 467
1 68, 503
11, 247
17, 025
i 69, 024
381
456
431
430
560
497
571
523
538
470
i 736
214
17, 627
52, 839
14, 530
38, 309
1826
189
40, 406
65, 112
19, 834
45, 277
1884
216
47, 330
62, 848
15, 022
47, 827
i 960
269
41, 546
46, 535
12, 406
34, 129
i 1, 022
297
63, 350
55, 328
11, 048
44, 280
37, 356
14, 968
43, 286
40, 929
16, 417
52, 213
45, 619
17, 740
52, 841
35, 393
27, 890
55, 996
31,828
27, 851
38, 743
48, 420
30, 529
53,167
30, 744
60, 334
33, 316
46, 555
26, 559
40, 506
25, 545
53,311
28, 798
52, 888
27, 246
56, 479
28, 553
47, 343
23, 262
46, 850
23,818
0)
6,286
9,586
i 44, 709
6,975
9,390
i 61, 989
8,962
24, 248
i 64, 536
10, 276
11,536
220
228
276
600
404
472
1,123
621
974
793
564
1,202
369
433
1,138
104, 675
121, 179
180, 934
153, 478
276, 465
214, 226
251, 982
207, 924
193, 620
190, 875
72, 730
43, 033
121, 808
63, 370
195, 045
89, 685
182, 355
98, 408
138, 678
100, 065
85, 825
116, 937
26, 052
73, 621
143, 075
112, 573
2 26, 749
107, 144
160, 209
116, 590
2 33, 460
155, 036
.205
.208
.237
24, 486
18, 145
i 59, 821
78, 244
155, 135
2 35, 496
97, 930
.196
1
2
10, 006
15, 301
72, 207
1
1
83, 938
10, 211
18, 719
122,009
107, 832
30, 587
171, 591
2
.237
3
.262
39 263
2,946
2,505
0
3.75
3,963
5,111
0
3.55
3,469
6,177
0
3.26
3, 549
9,362
0
3.45
3 648
9,007
0
3.87
4.55
57, 809
65, 721
561, 185
.188
77,316
58, 402
561, 102
.186
68, 708
54, 657
556. 570
.170
72. 635
51,553
591, 636
.172
74, 946
49 610
609 867
.195
.224
3
15, 416
9 003
13 634
2 484
19 570
57 878
22 799
81 201
287 010
23 956
77 094
157 026
166, 442
162 308
137 695
145 546
149 258
190 723
153 276
156 275
216 217
170 013
167 065
228 341
163 893
160 038
75 971
67 121
.185
53 358
60' 116
.203
65 896
51 274
.191
81 162
5l' 045
.215
98 366
54 237
'250
.268
beginning September 1950, these oils have been restored on a
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
i 74, 234
14, 807
i 93, 852
12, 645
i 89, 959
14,029
January
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, etc.— Continued
Oleomargarine:
Production
thous of Ib
Stock5' (factory and warehouse)*
do
Price, wholesale, vegetable, delivered (eastern
TJ. S.)
__.dol. perlb..
Shortenings and compounds:
Production
thous. of lb_
Stocks end of month
do
84, 237
13,219
81, 299
12, 474
95, 315
17, 561
53, 817
15, 776
56, 357
12,064
69, 370
24, 247
i 89, 425
12, 193
i 84, 129
21, 383
i 64, 829
16, 811
.224
.224
.236
.244
.244
.244
.249
.264
.269
.264
.279
.294
135, 591
71,190
145, 489
66, 407
161, 722
71, 708
126, 516
83,553
144, 761
103, 734
115,440
117, 648
101, 037
71, 189
180, 280
60,544
156, 820
71, 852
142, 215
85, 962
155, 333
81, 121
144, 092
103, 583
75, 936
68, 887
27, 684
41, 203
7,049
70, 873
64, 640
27, 145
37, 495
6,233
87, 169
79, 098
32, 250
46, 847
8,071
87, 605
79, 348
30, 935
48, 413
8,257
103, 246
93, 434
35, 175
58, 259
9,812
108, 910
98, 634
36, 719
61,915
10, 276
99,212
89, 857
33, 008
56, 849
9,354
122, 629
111,165
42,161
69, 004
11, 465
103, 323
93, 170
38, 417
54, 753
10, 153
99, 384
90,366
41, 114
49, 252
9,018
»• 87, 384
»• 79, 599
' 37, 575
' 42, 024
' 7, 785
82, 420
74, 771
35, 275
39, 496
7,649
1,938
5,387
546
825
27, 499
20, 332
12, 989
33, 111
18, 825
8,486
21, 096
1,875
5,399
546
1,168
27, 453
20, 242
12, 522
31, 429
21, 223
8,479
20,009
1,883
6,405
650
1,198
32, 334
27, 032
13, 205
37, 662
25, 624
10, 156
20, 759
2,144
6,301
587
926
29, 978
24, 555
11, 434
35, 946
21, 864
9,138
19, 642
1,980
6,518
650
898
31, 910
25, 441
14, 581
35, 510
24, 625
9,809
22, 331
2,072
6,603
628
817
32, 415
25, 170
15, 059
32, 596
25, 539
9, 500
21, 772
2,397
7,240
563
830
25, 901
26, 570
13, 505
34, 376
22, 760
9,348
21, 567
2,585
8,389
798
1,111
38, 128
27, 993
17, 994
36, 142
25, 806
12,832
23, 969
2,719
7,248
638
1,150
36,905
29, 377
16, 237
35. 138
25, 718
10, 738
24, 893
2,831
8,643
711
1,329
36, 367
29, 658
16. 658
39, 036
26, 614
12, 087
26, 807
2,659
6,696
706
1,069
34, 529
30, 110
17, 602
33, 731
24, 161
11, 683
24,890
2,812
7,069
673
815
36, 227
25, 398
17, 178
36, 772
24, 218
11, 118
27, 428
.316
PAINT SALES
Paint, varnish, lacquer, and filler, total
thous
Classified total
Industrial
Trade
Unclassified
of dol
do .
do
do_ _
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:*
Cellulose acetate and mixed ester plastics:
Sheets, rods and tubes
.thous. of lb_.
Molding and extrusion materials
do
Nitrocellulose sheets rods and tubes
do
Other cellulose plastics
do_ _ _
Phenolic and other tar acid resins._. do_ _ _
Polystyrene
do _
TJrea and melamine resins
do
Viny] resins
do_ _ _
Alkyd resins
do
Rosin modifications
do
Miscellaneous resins
_
do
ELECTRIC POWER AND GAS
ELECTRIC POWERt
Production (utility and industrial), total
mil. of kw.-hr__
Electric utilities, total
do _.
By fuels ..
- -- do
Bv water power
do __
Privately and municipally owned utilities
mil. of kw.-hr_.
Other producers
do
Industrial establishments, total _
do
By fuels
do
By water power
__
do_ _.
Sales to ultimate customers, total (Edison Electric
Institute)
...mil. of kw.-hr..
Commercial and industrial:
Small light and power
do
Large light and power
_
do
Railways and railroads
do
Residential or domestic
do
Rural (distinct rural rates)
do
Street and highway lighting _.
do
Other public authorities
do
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
thous. of dol..
31, 677
26, 871
18, 537
8,334
28, 789
24, 270
16, 528
7,741
31, 864
26, 997
18, 268
8,729
30, 191
25, 437
17,140
8,297
31, 486
26, 525
18, 048
8,477
31, 608
26, 685
18, 701
7,984
31,626
26, 780
19, 273
7,507
33, 874
28, 869
21, 338
7,531
32, 650
27, 774
20, 231
7,543
34, 307
29, 151
21, 763
7,388
34, 072
29,006
21, 345
7,661
35, 779
30,632
21, 944
8,689
36,726
31,418
22, 539
8 879
22, 893
3,979
4,805
4,362
443
20,637
3,632
4,519
4,082
437
23, 022
3,975
4,867
4,383
483
21, 838
3,599
4,754
4,318
436
22, 739
3,786
4,962
4,503
459
22, 952
3, 734
4,923
4,484
439
22, 914
3,866
4,846
4,459
387
24,780
4,090
5,005
4,647
358
23, 744
4, 030
4,876
4,511
366
25, 189
3,962
5,157
4,781
376
25, 073
3,933
5,066
4,699
367
26, 268
4,365
5,146
4,748
398
25, 504
5 914
5,308
4 872
436
22, 943
22, 203
22, 565
22, 397
22, 394
22, 694
22, 637
23, 646
24, 157
24, 431
24, 673
25, 640
4,181
10, 602
536
6,276
409
287
602
49
4,076
10, 297
507
6,017
405
251
597
52
4,002
10, 830
555
5,782
493
250
596
57
3,986
10, 930
497
5,521
605
221
581
55
3,919
11, 300
468
5,235
634
206
581
52
4,107
11, 547
450
5,072
694
192
583
49
4,277
11, 260
437
5,034
818
200
564
46
4,340
12, 172
453
4,964
867
218
587
46
4,434
12, 301
447
5,256
836
249
593
42
4,321
12, 584
476
5,482
631
280
613
42
4 332
12 556
494
5,803
f>22
300
625
41
4 443
12, 596
557
6,560
478
. 321
638
47
425, 325
416, 130
414, 263
410, 076
407, 411
414, 734
412, 437
421,090
430, 680
435, 282
440, 961
458, 072
GAS}
Manufactured and mixed gas (quarterly):
Customers end of quarter, total
thousands
Residential (incl. house-heating)
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft__
Residential
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol_
Residential (incl. house-heating)
do
Industrial and commercial
do.
Natural gas (quarterly) :
Customers, end of quarter, total
thousands-Residential (incl. house-heating) __ _. ..do
Industrial and commercial _
do
Sales to consumers, total
__mil. of cu. ft__
Residential (incl. house -heating)
do
Industrial and commercial
_ _do
Revenue from sales to consumers, total
thous. of dol_ .
Industrial and commercial
r
do
9,763
9,092
664
184, 390
128, 143
54, 506
9,617
8,960
649
146, 059
93,636
51, 194
9,154
8,537
609
97, 507
55 747
41,040
174, 188
129, 500
43,505
146, 139
107, 005
38, 225
108, 008
77, 182
30, 238
13, 733
12, 562
1,161
1,080,316
447, 480
606, 702
13, 941
12,783
1,143
882,363
255, 373
601,037
14,490
13, 339
1 137
740, 818
108, 884
597, 808
439, 632
319, 382
156, 322
139, 144
229,031
92, 812
130, 304
Revised.
i Compiled by the U. S. Department of Commerce, Bureau of the Census.
*New series. Data for stocks of oleomargarine are compiled by the 17. -S. Department of Commerce, Bureau of the Census; figures prior to August 1949 will be shown later The data for
production of synthetic plastics and resin materials, compiled by the U. S. Tariff Commission beginning July 1948, are essentially comparable with the series for shipments and consumption
(reported by the Bureau of the Census) previously shown here, except for inventory changes (which tend to balance out over a short period) and the inclusion of reports from a few additional
companies. Data for alkyd resins and rosin modifications are not available prior to 1949.
{Revisions for January-July 1949 for electric-power production and for the first two quarters of 1949 for the gas series will be shown later.
SUEVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-27
1951
1950
January
February
April
March
May
June
July
August
Septem-
ber
October
November
December
January
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
6,139
5,842
Production
thous. of bbl_5,523
5,597
Tax-paid withdrawals
do____
8,763
8,849
Stocks, end of month
do
Distilled spirits:
16, 581
14, 137
Production
thous. of tax galConsumption, apparent, for beverage purposes
11,519
11, 592
thous of wine gal
6,299
' 7, 219
Tax-paid withdrawals
thous. of tax gaL.
684, 577
680, 939
Stocks, end of month
do
857
890
Imports
thous of proof gal
Whisky:
11, 069
10, 115
Production
thous. of tax gal 4,694
4,047
Tax-paid withdrawals
do
615, 424
620, 133
Stocks, end of month
do
780
778
Imports
thous of proof gal
Rectified spirits and wines, production, total
6,104
6,632
thous. of proof gal. .
5, 870
5,458
Whisky
_
do
Wines and distilling materials:
Sparkling wines:
124
38
Production
thous of wine gal
64
41
Tax-paid withdrawals
•
do
Stocks, end of month _
do
1,475
1,456
24
17
Imports
.
do
Still wines:
1,083
745
Production
do
11,984
10, 071
Tax-paid withdrawals
do
168, 935
Stocks, end of month
_ _ _ d o _ _ 179, 559
240
243
Imports
_do
1,394
1,397
Distilling materials produced at wineries., do .._
7, 562
6,693
10, 155
7,352
6,367
10, 603
8,361
7,616
10, 846
9,368
8,696
10 982
9,241
8,511
11, 196
9,040
8,621
11, 078
6,870
6,845
10 648
6,391
6,913
9,692
6,166
6,019
9 451
5,893
6 163
8 815
6,872
5,894
9,440
15, 969
17, 305
20, 490
21, 358
21, 695
33, 042
41, 863
47, 852
38, 254
35, 444
36, 063
14, 333
9,219
686, 646
1,076
13, 276
7,319
692; 458
13,783
7,935
700, 420
1 161
13, 615
8,091
708, 562
1 291
18, 757
10, 537
712 863
1 832
20, 281
16, 142
720 296
1 692
15 816
11,348
737 771
1 461
15 177
17 630
10, 128
11, 064
760, 806
780 654
1 706
2 189
24 564
12, 061
795 isi
1 856
16, 986
808, 922
11,045
5,562
624, 188
11, 922
4,358
630, 678
772
12, 727
4,610
637, 409
1 076
12, 521
5,228
643, 280
1 196
10, 339
6 575
645, 268
1 719
15, 072
9 869
647 062
1 534
17 758
6 455
656' 999
1 322
20
5
670,
1
241
557
031
994
19 244
6 899
694 210
1 638
20, 207
9,772
701, 634
7,901
6,775
8,146
6,923
9,109
7,612
10, 233
8,749
16, 230
14 029
11, 081
9 741
11,112
10 177
11,063
10 153
14, 834
13, 523
864
967
9,532
8,497
108
60
190
61
1,494
1,675
1,144
13, 073
157, 058
842
29
28
12, 365
145,011
279
1,280
286
734
86
78
98
78
1,614
1,619
44
53
1,605
116
87
1 627
536
939
213
543
10, 233
9 037
73
111
77
148
1 579
1,499
1 398
1 267
41 610
11 271
143 694
59 214
12 657
194 870
15 253
11 768
198 490
4 818
10 778
187 747
36 337
10 855
38
40
27
790
887
758
7,588
127, 000
8 236
117, 335
4 250
11 367
109 347
1,509
12 813
98 229
124, 020
10, 573
134, 871
263
347
216
1,300
255
41
276
22
6
684
1
44
331
68
459
83
168
60
170
119
118
562
534
DAIRY PRODUCTS
Butter, creamery:
Production (factory )t
thous. of lb__
Stocks, cold storage, end of month
do
Price, wholesale, 92-score (New York)_dol. per lb._
Cheese:
Production (factory), totalt
thous. of lb_.
American, whole milkt
-- do
Stocks, cold storage, end of month, total
do
American, whole milk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. per lb-_
Condensed and evaporated milk:
Production:!
Condensed (sweetened):
Bulk goods
thous. of lb_.
Case goods
-__
do
Evaporated (unsweetened), case goods. .. do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened) _ _ _ _ thous. of Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Prices, wholesale, U. S. average:
Condensed (sweetened) ..
dol. per case
E vaporated (unsweetened)
do
Fluid milk:
Production
mil. of lb_ .
Utilization in mfd. dairy products.
do
Price, dealers', standard grade
dol. per 100 Ib
Dry milk:
Pro duct ion :J
Dry whole milk
thous. of Ib
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk
__
do
Nonfat dry milk solids (human food)
do
Price wholesale, nonfat dry milk solids (human
food), U. S. average
dol. per lb_.
101, 195
103, 657
.624
98, 175
92, 886
.635
122, 195
93, 489
.607
128, 770
109, 020
.599
156, 495
136 867
.600
166, 080
185 167
.599
146, 760
230 063
.603
124, 960
239 398
.614
103, 035
234 in
.633
91, 930
208 228
.642
75, 910
79, 000
159 873 r inf\ 1Q9
.647
.664
77, 060
54, 180
176, 821
159, 906
3 085
75, 365
53, 410
163, 922
149, 004
6 845
95, 825
69, 820
158, 134
141, 946
3 540
110, 565
84, 110
171,553
153 135
2 806
133, 735
105 695
208, 986
186 062
2 518
142, 960
114 970
254, 246
229 785
4 355
124, 370
99 180
280, 948
256 395
3 564
107, 395
84 395
316, 661
287 977
8 937
89, 560
67 900
326, 907
292 421
Q §54.
80, 035
58 095
310, 240
276 930
5 185
67, 030
45 830
261, 259
233 733
4 QOC
' 212, 493
.349
.354
.346
.343
.347
.341
.349
.354
.360
.363
.386
.447
15, 700
3,925
169, 800
14, 300
5,250
183, 900
18,500
6,010
241, 000
22, 100
7 225
258, 000
31,650
5 430
347, 000
30, 750
5 230
348, 800
31,000
4 850
302, 100
28, 350
6 200
284, 300
21, 200
5 900
232, 600
19, 575
5 325
202, 000
15, 100
4 OCA
159, 000
18, 350
18, 400
5 125
182, 000
5,249
151, 401
5,951
101, 470
6, 757
86, 216
7 596
117, 081
7 650
222 300
9 733
343 988
7 368
340 962
7 016
349 397
9 296
9 409
388 620 r 383 176
1ft 4Q4
r 316 666
2,858
13, 120
2,869
14, 306
2,514
8,694
3,918
16 275
2 734
18 965
465
16 905
2 699
6 291
11 741
18 075
1 378
8 199
8 225
9.10
5.10
9. 10
5.10
9.10
5.10
9 10
5.10
9 10
5.10
9 10
5.09
9 10
5.10
9 30
5.29
9 30
5.37
9 50
5.37
9 50
5.39
5.63
' 9, 067
3,321
r
4.65
8,671
3,263
4.63
9,996
4,116
4.58
10, 612
4 431
4.37
11, 981
5 416
4.31
12, 485
5 749
4.29
11, 827
5 078
4.38
10, 601
4 392
4.52
9,375
3 633
4.62
9,035
3 246
4.79
8,376
8,490
9 fi78
9 7^8
4.84
4.88
8,960
2 986
4.98
8,990
64, 600
8,290
66, 150
11, 560
86, 000
10 050
98 000
11 760
113 700
13 200
116 750
11 550
90 000
11 885
60 950
10 400
42 900
11 300
35 800
30 550
OQ
AQf)
10 784
42 000
r
9 738
43, 939
9 187
42, 213
9 719
51, 619
9 799
70, 091
10 307
81, 934
13 219
92, 873
13 908
82, 621
•jq «qn
19 ^OQ
59, 407
42, 567
31, 528
23, 491
21, 978
22, 545
5,408
8, 374
3,654
32,890
5 974
25, 440
5 088
21, 761
4 300
10, 267
6 118
17, 124
4 643
17 704
4 711
r 21 028
5 966
r 17 957
6 047
20 010
5 OAO
18 994
15 070
.117
.118
.117
.118
.116
.117
.117
.118
.119
.121
.124
.127
3 832
19, 573
9, 760
4 231
12, 502
8,613
3 326
7,074
9,911
2 598
3,645
8,966
1 521
1,289
10, 579
554
165
9,434
115
7,403
102
5,965
7,321
5,658
34, 451
4,932
40, 032
6,515
r
.351
r
r
741
983
67, 925
156, 300
I CQ
r
4 327
CCQ
86, 280
73, 666
.698
70, 650
48 620
179, 688
155 453
7 598
88 859
9 41 1
Q Q9ft
10 49
6.06
.131
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu__
Shipments, carlot
no of carloads
Stocks, cold storage, end of month__thous. of bu._
Citrus fruits, carlot shipments
no. of carloads..
Prozen fruits, stocks, cold storage, end of month
thous. of lb_¥rozen vegetables, stocks, cold storage, end of
month
thous. of lb-_
Potatoes, white:
Production (crop estimate)
thous. of bu__
Shipments, carlot
no of carloads
Price, wholesale, U. S. No. 1 (New York)
dol. per 1001bs_.
r
i 120, 499
94ft
3, 860
26, 501
10, 944
279, 255
265, 204
251, 119
243, 861
287, 445
356, 409
414, 557
461, 956
466, 135
497, 878
479, 353
' 449, 989
425, 629
339, 316
305, 316
269, 980
241, 992
221, 119
235, 955
283, 334
361, 366
430, 576
457, 573
454, Oil
' 425, 170
378, 004
19 900
20 750
27 1 44
25 291
24 174
24 117
1 9 «rn
3.719
3.632
4.473
4.789
4.221
3.242
2.650
1
n
3.485
439, 500
13, 495
18,588
3.121
3.039
r
fil Q
2.636
Revised.
1 December 1 estimate.
JRevisions prior to 1949 are shown on p. 24 of the August 1950 SURVEY; those for January-October 1949, on p. S-27 of the January 1951 issue.
'r 33, 621
13, 9SO
2.128
2.515
SUEVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
SeDtember
October
November
27, 395
29,509
33, 944
December
January
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu._
Barley:
Production (crop estimate)
do
"Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
-do
On farms
do
Exports including malt
do
Prices, wholesale (Minneapolis) :
No. 2, malting
dol. perbu._
No 3 straight
do
Corn:
Production (crop estimate)
mil of bu
Grindings wet process
thous of bu
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
do
On firms
mil of bu
Exports including meal
thous of bu
Prices, wholesale:
No. 3, white (Chicago)
dol. per bu__
No. 3, yellow (Chicago)
do
Weighted average, 5 markets, all grades. -do
33, 834
31, 620
31, 684
33, 994
27, 568
29, 218
28, 003
28, 185
39, 857
1
301, 009
9,821
4,349
5,806
6,738
5,627
7,696
7,217
5,894
16, 968
21,441
13, 503
12, 581
30, 282
30, 454
27, 657
26, 228
28, 593
34, 541
250
736
361
1,119
1,252
33. 429
1«0. 508
2,582
34, 026
550
25, 924
30, 929
25, 984
810
28, 072
69, 921
1,677
2, 588
1.546
1.444
1.547
1.484
1.578
1.518
1.622
1.538
1.643
1.593
1.687
1.601
1.692
1.649
1.545
1.484
1.529
1.451
1.488
1.394
9,454
24, 678
9,446
17, 006
10, 743
23, 470
10, 371
19, 624
10,723
24, 065
10, 682
26, 726
11,371
26, 697
12, 096
33, 367
11. 973
23, 264
11, 932
24, 371
11, 778
52, 010
47, 521
45, 319
43, 177
39, 768
52, 137
' 7, 117
10, 938
7,176
10. 355
59, 365
2 160 5
11, 151
70, 093
7,393
40, 127
486.2
5, 317
38, 779
5,907
42, 874
1 060 4
6,644
39, 434
8,628
47, 400
1 637 2
6,161
43, 910
10, 082
1.440
1.291
1.249
1.441
1.297
1.261
1.487
1.337
1. 305
(2)
1.426
1.419
(2)
1.481
1.480
(2)
1.489
1.462
(2)
1.556
1.630
(2)
1.534
1.511
1. 541
1.498
1. 528
1.521
1.462
1.760
1.581
1.500
(2)
1.686
1. 557
(2)
1. 738
1.595
6,862
4,670
7,660
8,041
8,343
7,313
9,066
17, 102
11,013
8,977
7,211
16, 050
13, 130
11, 295
11,517
12, 510
18, 275
18, 226
388
1,055
333
22, 020
1,168,742
257
20, 381
450
11, 268
192, 392
579
366
432"
.841
.912
.947
.890
.781
.816
.812
.928
r
31. 635
3,599
1.561
1.476
1. 568
1. 512
1.687
1. 617
3, 131
10, 867
42. 716
12, 864
54, 945
1
(2)
Oats:
1
Receipts, principal markets
thous. of bu_.
Stocks, domestic, end of month:
Commercial
__
do.On farms
do
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu__
Rice:
California:
Receipts, domestic, rough
thous. of lb._
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month|
thous. of Ib
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at millsO
thous. of lb__
Shipments from mills, milled ricedo. _
Stocks, domestic, rough and cleaned (cleaned
basis), end of month f
thous. of Ib
Exportsf
do
Price, wholesale, head, clean (N. 0.)--dol. perlb__
Rye:
Production (crop estimate)
thous of bu
Receipts, principal markets
_ . _
do
Stocks, commercial, domestic, end of month_do
Price, wholesale, No. 2 (Minn.)
dol. per bu_.
Wheat:
Production (crop estimate) total
mil of bu
Spring wheat
do
AVinter wheat
do
Receipts, principal markets
thous. of bu_.
Disappearance, domestic
do
Stocks, end of month:
Canada (Canadian wheat)
do
United States domestic totaled1
do
Commercial
do
Interior mills, elevators, and warehouses
Merchant mills
On farms
Exports, total, including
Wheat only
flour
do
do
do
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu_.
No. 2, hard winter (Kansas City)
do
No. 2, red winter (St. Louis)
__
do
Weighted avg., 6 markets, all grades
do
8, 909
32, 625
139, 338
4. 181
268
658
12, 099
484, 685
171
.749
.769
.783
45, 493
33, 990
83, 503
34, 770
50, 081
29, 175
83,677
37, 907
111, 988
110, 244
109, 357
73, 299
65, 702
73, G75
16, 204
11, 100
163, 842
24, 661
6, 783
17, 698
907, 660
324
17, 585
.977
.995
1
32, 953
31, 183
1, 465
7,370
58, 484
37, 295
84, 380
42,174
58, 099
58, 298
28, 657
57, 204
64, 573
73, 728
63, 891
78, 428
75, 125
83, 226
50, 908
47, 911
14, 179
14, 274
91, 714
90, 474
93, 218
186, 783
63, 919
78, 592
76, 452
94, 348
70, 748
79, 203
72, 536
92, 608
39, 350
142, 501
41, 154
126, 695
289, 728
145, 146
715,391
266, 891
999, 638
225, 808
402, 280
170, 603
126, 718 1,014,641
185, 318
167, 798
468, 071
188, 297
.082
430, 249
41, 146
.081
384, 497
24, 694
.080
351, 624
29, 925
.081
305, 208
22, 113
.081
188, 747
82, 592
.081
90, 151
197, 343
.085
132, 419
83, 407
.090
328, 120
«• 162, 532
.085
757, 612
107, 336
.089
857, 876
81, 930
.099
776, 126
77, 914
.098
300
8,280
1.430
263
7,643
1.343
323
7,321
1.393
303
6,278
1,121
5,977
1.443
722
5,900
1,484
5,786
1.483
2,986
7,174
1.382
1,576
7, 694
1.388
887
7, 518
1.369
665
7,716
1.463
1
1.395
1.418
18, 385
17, 347
19, 584
244, 138
17, 856
22, 154
38, 820
243, 578
152, 065
146, 506
108, 447
189, 447
136, 625
665, 036
180, 659
126, 762
199, 6l§
173, 136
169, 293
100, 743
423, 265
168, 497
21, 996
18, 055
21, 590
19, 229
2.366
2.223
2.218
2.259
2.328
2.224
2.158
2.253
190 923
88, 731
199, 175
' 23, 288
r 18, 810
26, 768
21, 559
f 18, 553
15, 432
126 027
55, 934
67, 907
21, 490
17, 635
2.358
2.272
2.290
2.300
2.373
2.306
2.329
2.322
2.453
2.300
2.333
2.365
2.446
2.170
2.160
2.297
22, 977
2,689
7, 871
1.627
1 1,1 026. 8
276. 1
1
750. 7
33, 151
208, 617
61, 948
45, 302
245, 370
48, 301
39, 472
99, 169
85, 886
212, 742
256, 411
158,197
1,205,052
260, 104
197, 072
219, 702
261, 313
253, 690
221,548
997 710
247, 318
T
20, 318
«• 14, 789
15, 494
12, 446
319 150
137, 422
483, 6^2
19,112
15, 799
19,114
16, 487
19, 557
16, 367
279 914
129, 357
335, 670
24.140
19, 456
2.530
2.228
2.190
2.300
2.440
2.209
2.163
2.285
2.420
2.210
2.144
2.285
2.366
2.179
2.127
2.243
2.385
2.224
2.204
2.268
2.460
2.346
2. 329
2.355
82, 214
663, 977
.099
533
7, 363
1.764
26, 192
214, 399
227, 821
2.493
2. 402
2.455
2.414
Wheat flour:
Production:!
21, 079
17, 705
16, 864
18, 811
19, 165
17, 675
20, 043
18, 360
18, 970
18, 869
18, 498
19, 658
22, 244
Flour
thous. of sacks (1001b.)__
75.9
72.2
68.9
74.5
78.4
74.7
71.3
79.6
81.6
82.3
76.8
85.8
88.4
Operations, percent of capacity§
355, 951
374, 874
369, 090
402, 001
422, 168
337, 484
353, 333
382, 753
374, 335
377, 024
442, 000
Offal
_ ._
short tons__ 384, 792
390, 000
41, 172
49, 099
41, 065
46, 596
39, 178
42, 690
44, 175
43, 719
42, 905
44, 576
45, 546
43, 807
Grindings of wheat f
thous. of bu
51, 519
Stocks held by mills, end of month
4,911
4,635
4,931
5 Oil
thous of sacks (100 Ib )
1,442
2,235
1,655
1,922
1,422
1,692
2,373
1,308
1,369
Exports _ _
_
do __
' 1, 339
1,127
2,011
Prices, wholesale:
Standard patents (Minneapolis)
5.619
5.912
5.605
5.656
5.600
5.690
5.930
5.730
5.688
5.975
dol. per sack (100 lb.)__
5.738
5.925
6.055
5.269
5.162
5.165
5.188
5.283
5.002
5.244
5.158
5.284
5.138
5.150
Winter, straights (Kansas Citv)
do
5. 480
5. 569
r
2
Revised.
* December 1 estimate.
NO quotation.
,
fRevised series. Data for rough rice, included in rice exports and stocks, have been revised using a new conversion factor supplied by the U. S. Department of Agriculture; unpublished
revisions for exports (1933-July 1948) and those for stocks (prior to August 1949) are available upon request. Revised data for January 1947-July 1948 for whoat-flour production and grindings will be published later.
OPrior to the October 1950 SURVEY, data are shown in thousands of barrels of 162 pounds.
cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
§ Based on a 5-day week beginning with the August 1950 SURVEY (prior thereto, on a 6-day week); data for January-June 1949 are shown on p. S-28 of the September 1950 SURVEY.
SUEVEY OF CUKKENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-29
1950
January
February
March
April
May
June
1951
July
August
September
October
November
December
January
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (Federally inspected):
Calves
-thous of animals
Cattle
do
Receipts principal markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago).
dol. per 100 lb.Steers, stocker and feeder (Kansas City) -do
Calves vealers (Chicago)
do
Hogs:
Slaughter (Federally inspected)
thous. of animals. .
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb_Hog-corn ratio
bu. of corn equal in value to 100 Ib. of live hog_ _
Sheep and lambs:
Slaughter (Federally inspected)
thous. of animals- Receipts principal markets
do .
Shipments, feeder, to 8 corn-belt States
_do
Prices, wholesale:
Lambs, average (Chicago)..
dol. per 100 lb-Lambs, feeder, good and choice (Omaha) _do
465
1,103
' 1, 842
133
443
939
1,537
112
586
1, 082
1,715
141
494
959
1,590
128
496
1,075
1,871
130
485
1,066
1,704
160
443
1,070
1,759
152
484
1,184
2,046
239
488
1, 196
2,311
447
515
1,169
2,795
763
505
1,151
2,210
483
445
1,110
1, 694
251
433
1, 160
1,827
183
25.98
22.94
30.40
25.58
24.13
30.88
25.90
25.32
29.06
26.94
25.79
29.19
29.02
27.19
30.35
30.13
27.44
29.00
30.67
27.48
29.60
30.09
26. 90
32.00
30.57
26.90
32.88
30.49
26.92
31.70
31.41
28.46
32.38
33. 03
29.45
32. 38
34.10
31.88
35. 90
5,844
' 3, 726
4, 191
2, 691
5,020
3,058
4,316
2,593
4,338
2,836
4,154
2,586
3,314
2,234
3,626
2,345
4,137
2,431
5,102
2,955
6,144
3,678
6,777
3, 991
6,584
4,070
15.23
16.55
16.13
16.02
18.41
18.18
20.65
21.55
21.10
19.41
18.04
18.52
20.37
13.1
14.3
13.5
12.4
13.8
13.1
14.9
15.0
14.7
14.0
13.0
12.2
13.0
1,077
1,206
115
863
931
112
939
979
101
834
1,013
98
941
1,455
157
1,019
1,206
166
960
1,149
153
1,076
1,466
355
1,063
2,001
576
1,081
1,790
591
969
1,185
238
918
1,048
252
1,058
1,139
110
24.00
23.64
26.12
25.12
27.62
26. 59
26.75
(0
27.12
0)
27.75
0)
27.25
0)
27.12
27.42
27.62
28.50
28.25
28.90
29.50
29.32
31.38
30.77
34.75
33.62
1,356
897
80
1,585
866
85
1,397
857
46
1,488
802
43
1,501
769
50
1,366
649
45
1,449
542
42
1,478
469
31
1,621
457
27
1,081
603
36
1,948
1,976
1,046
554, 425
123, 281
1,078
644, 109
110, 022
1,021
575, 795
98, 839
1,433
638, 652
78, 844
1, 558
628, 277
67, 291
1,990
626, 299
66, 051
1,578
696, 567
79, 919
1,831
704, 754
89, 485
1,829
686, 636
103, 894
1,561
669, 181
124, 307
783
MEATS
Total meats (including lard):
1,793
Production (inspected slaughter) ._
mil. of lb-~
Stocks cold storage end of month
do
943
54
Exports
do
Beef and veal:
Production (inspected slaughter)... -thous. of Ib-- 642, 167
143, 599
Stocks cold storage end of month
do
1,068
Exports
do
Price, wholesale, beef, fresh, steer carcasses, good
.438
(600-700 Ibs.) (New York)..
dol. per lb.Lamb and mutton:
51, 344
Production (inspected slaughter). ---thous. of lb_14, 332
Stocks cold storage end of month
do
Pork, including lard, production
(inspected
slaughter) .
thous. of Ib- - 1, 099, 016
Pork, excluding lard:
804, 033
Production (inspected slaughter)
do
582, 737
Stocks cold storage end of month
_do
4,017
Exports
do
Prices, wholesale:
.489
Hams smoked (Chicago)
dol per Ib
.368
Fresh loins, 8-10 Ib. average (New York). do
Miscellaneous meats and meat products, stocks,
cold storage, end of month:
63, 173
Edible offal
thous. of Ib
Canned meats and sausage and sausage-room
45, 984
products
thous. of Ib
Lard:
215, 492
Production (inspected slaughter)
do
92, 949
Stocks, cold storage, end of month
... do
45, 770
Exports
do
.129
Price, wholesale, refined (Chicago) ...dol. perlb..
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
_
thous. of lb_
Stocks cold storage, end of month
do
Price, wholesale, live fowls (Chicago)- dol. per lb._
Eggs:
Production, farm
_
millions
Dried egg production
thous. of Ib _
Stocks, cold storage, end of month:
Shell
thous. of cases
Frozen
..
thous. of Ib
Price, wholesale, extras, large (Chicago) t
dol. per doz_
56
r
650, 935
160, 544
791
688, 688
171, 028
.430
.433
.447
.474
.488
498
.486
.491
.486
.493
.531
.533
42, 392
13, 062
45, 917
10, 689
39, 949
8,440
43, 184
7,099
43, 597
6,681
41, 543
6,079
47, 225
5,998
46, 674
6,486
47, 326
7, 994
43, 293
9,416
41, 964
*• 10, 479
50, 187
10, 035
759,390
894, 965
780, 940
806, 047
829, 338
697, 727
705, 016
726, 906
886, 656 1, 096, 444 1, 255, 175 1, 237, 582
558, 664
573, 108
4,179
664, 439
548, 640
5,584
573, 780
541, 955
5,145
592, 792
492, 194
4,812
605, 008
469, 361
3,851
514, 916
394, 402
4, 481
519, 370
303, 588
3,572
547, 272
240, 544
3,284
665, 625
219, 758
3,425
821, 067
326, 300
5,504
.495
.430
.485
.409
.478
.412
.528
.485
.548
.480
.611
.579
.586
.587
.551
.557
.482
.467
.498
.408
56, 670
54, 246
48, 699
46,631
43, 875
41, 288
39, 744
38, 157
38,932
47, 876
r
58, 903
62, 837
49, 457
54, 818
51,381
49, 190
45, 952
34, 893
37, 014
35, 608
34, 162
37, 199
' 40, 374
47, 934
146, 905
81. 174
69; 966
.129
170, 946
87, 306
74, 145
.132
151. 151
108,105
34, 873
.132
155, 971
128, 467
31, 629
.147
163, 743
136, 258
38, 855
.142
133, 375
106, 613
33, 456
.174
135, 697
75, 496
33, 126
.190
131,253
58,241
21,653
.181
161, 749
52, 128
17, 871
.165
200, 922
57, 794
26, 014
.178
28, 604
260, 523
.223
27, 462
212, 058
.239
30, 985
167, 000
.226
36, 928
136, 548
.211
36, 707
122, 328
.208
41, 632
103, 367
.229
39, 168
105, 179
.262
53, 859
140, 352
.239
72, 338
217, 999
.220
87, 741
269, 640
.232
5,217
6,257
6,429
10, 082
6,386
12, 987
6,142
19, 051
5,168
16, 316
4,637
11, 098
4,221
5,095
3,894
3,739
4,014
1,984
3,902
1,085
4,276
549
5,021
1,681
380
55, 052
735
73, 159
1,296
116, 546
2,147
155, 108
3,412
179, 732
3,667
188, 476
3, 163
174, 761
2,568
155, 369
1, 558
133, 002
502
104, 378
61
75, 582
'34
r 47, 310
76
32, 088
.323
.327
.358
.344
.317
.342
.398
.412
.503
.560
.577
.577
.425
51, 675
49, 091
53, 018
42, 945
40, 368
37, 542
33, 788
53, 723
71, 989
75, 588
68, 029
61, 906
63, 144
23,512
.272
42, 469
.251
24, 918
.228
20, 053
.240
32, 893
.286
35, 712
.308
26, 475
.356
19, 849
.405
13, 494
.420
12, 830
.372
14, 596
.363
32, 204
.345
.370
1,093
699
868
2,070
779
519
928
1,574
1,286
727
949
1 321
728
596
731
1, 130
855
506
609
1,050
1,198
803
609
976
1.517
M70
715
1,804
1,687
1,095
719
2,099
1,721
999
797
1,987
1,684
974
768
1,729
1,251
713
750
1,381
1,350
977
741
1,355
.496
.485
.471
.473
.462
.478
.538
.553
.561
.530
.519
27, 205
125. 516
32, 953
105, 818
39, 328
87, 133
44, 656
79, 027
58, 100
97, 773
65, 671
116, 897
69, 303
137, 307
70, 140
153, 625
52, 982
158, 473
56, 471
166, 105
43, 530
165, 394
34, 859
295, 736
.204
r
5, 175
' 3, 345
r
r
923, 638
499, 408
10, 403
.536
.414
896, 297
665, 622
.571
.430
249, 441
242, 183
' 69, 857 88, 753
38, 727
.215
.197
82, 807
' 281, 972
' .241
38, 436
281, 878
.272
MISCELLANEOUS FOOD PRODUCTS
Candy sales by manufacturers
thous. of dol
Cocoa:
Imports
long tons
Price, wholesale, Accra (New York) _ _dol. per l b _ _
Coffee:
Clearances from Brazil, total
thous. of bags..
To United States
do
Visible supply United States
do
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per Ib..
Fish:
Landings fresh fish, 5 ports
thous. of Ib
Stocks, cold storage, end of month
do
l
Revised.
No quotation.
fRevised series. U. S. Department of Agriculture data replace the series for U. S. standards published prior to the October 1949 issue of the SURVEY.
ber 1948 are shown on p. 24 of the June 1950 SURVEY.
*
r
r
. 540
157, 722
.551
Isi, 088
r
Data for September 1944 to Decem-
SUEVEY OF CUREENT BUSINESS
S-30
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
July
June
August
September
October
November
December
January
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons..
••578
United States:
Deliveries and supply (raw basis) :
Production and receipts:
72, 870
Production
... _ short tons.
404, 682
Entries from off-shore
do
Hawaii and Puerto Rico _
do _ _ r 174, 121
512, 050
Deliveries, total
do
For domestic consumption
..__do
«• 508, 625
3.425
For export
do
Stocks, raw and refined, end of month
thous. of short tons.. r 1, 641
1,695
Exports, refined sugar
short tons
Imports:
139, 962
Raw sugar, total
do
125. 411
From Cuba
do _
6, 238
From Philippine Islandscf _ __ _
do
18, 555
Refined sugar, total
do
18,544
From Cuba
_
do__
Price (New York) :
.058
Raw, wholesale
dol. per Ib
Refined:
1.462
Retail
do
.079
Wholesale . ___
_ do .
Tea, imports
thous. of Ib
7,628
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter, total
mil. of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil of Ib
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports, including scrap and stems
thous. of Ib
Imports, including scrap and stems . _
do
Manufactured products:
Production, manufactured tobacco, total do..
Chewing, plug, and twist
do
Smoking _
_
... do__
Snuff
do
Consumption (withdrawals):
Cigarettes (small) :
Tax-free.
__
millions
Tax-paid
..do
Cigars (large) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
thous. of lb_.
Exports, cigarettes
millions
Price, wholesale (composite), cigarettes, f. o. b.,
destination
dol. per thous
2,721
2,176
1,825
1,186
641
246
506
45, 324
26. 003
550, 711
587, 920
210, 870
231, 972
863, 123 1, 190, 084
860, 136 1,188,091
2,987
1,993
90, 775
731,339
224, 624
948, 443
944, 257
.4, 186
129, 607
628, 737
237, 608
668, 739
659, 850
8,889
594, 565
450. 538
149, 352
514, 287
503. 801
10, 480
866, 935
320, 519
131,587
522, 018
509, 050
12, 968
531,464
203. 654
84, 803
686. 622
679. 380
7,242
111,686
235, 737
21, 153
653, 208
646, 583
6,625-
635
7,925
487
1,897
605
2,006
1, 152
1,782
1,768
5 012
1,152
7 160
1,591
304, 034
236, 455
66, 443
32, 830
27, 487
449, 594
390, 383
52, 413
52, 784
52, 267
353, 195
323, 203
25, 087
25, 786
21, 132
306, 359
275, 485
25, 876
12, 109
11,895
163 462
144, 820
11, 103
396
286
134 063
123, 431
8,401
400
1,423
2,878
3,438
3,773
31, 605
379. 389
119, 554
503, 096
501,508
1,588
24, 382
584, 423
148, 180
620, 674
618, 495
2,179
17. 572
572, 778
243, 296
565, 982
565, 226
756
28, 821
593, 854
241, 671
738, 858
735, 153
3,705
1,525
693
1,564
5,976
1, 573
64, 433
1,489
83, 235
1,178
56, 021
387,307
337, 769
49, 504
49, 421
49,111
269, 725
203, 875
65, 850
37 933
37, 307
309, 350
235, 773
71, 760
55, 147
54, 244
275, 323
216, 334
55, 647
24, 783
22, 998
218, 847
201, 313
32, 480
37, 980
37, 789
1
3,246
.056
.055
.055
.057
.058
.060
.062
1.461
.077
7,943
1.456
.076
13, 773
1.455
.076
9,550
1.454
.076
10, 131
1.454
.076
9,745
i .452
.078
10, 874
i .491
.080
8,787
.062
.062
.062
.063
.489
.081
8,752
1.482
.081
12, 733
i .480
.081
8, 662
i .480
.081
5, 992
1
2
3,944
3,672
3,509
2, 056
402
384
353
330
2,960
3 160
3 491
19, 049
6,368
19
152
28, 203
7,934
44, 167
6,530
36, 723
8,121
18
148
22, 533
7,571
18. 982
7, 566
8, 483
2,933
17, 867
7,023
7,919
2,925
22, 031
8,085
10, 199
3,747
18, 099
6,354
8,391
3, 353
19, 159
6.568
9,189
3,402
1,973
29,290
424, 088
2,178
25, 645
415, 318
2,146
32, 036
453, 631
1,974
25, 829
383, 345
19, 286
903
17, 354
969
21, 941
1,464
6.862
6.862
6.862
r
24, 525
5, 721
46, 762
10, 407
18
142
72, 980
8,078
68, 037
7, 996
52, 679
6, 765
20, 980
7,881
9,333
3,766
16, 578
6,839
6,911
2,828
23, 069
8,870
10, 267
3,932
21, 431
7,627
10, 601
3,203
23, 417
7,877
11,918
3,622
19, Of>3
6,884
8,894
3,285
2,395
32, 674
424, 870
2,594
32, 815
471, 152
2,820
27, 374
400 566
4,009
39, 126
587 406
3,048
30, 846
503, 738
3,223
29, 738
553, 776
2,837
29, 825
544 792
18, 176
1,157
18, 998
1,017
20, 095
1,422
16,204
1,484
23, 531
1,554
20, 851
1,181
22, 322
1,043
6.862
6.862
• 6.862
6.862
7.056
7.056
T
487
.081
3,988
3,371
16, 052
8, 355
061
1
16
150
44, 441
6,352
2,619
25, 000
374 800
33, 895
458 877
18, 591
1,031
13, 498
1,053
20, 360
7.056
7.056
7.056
7 056
r
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of Ib
Calf and kip skins.. .
.. .thous. of pieces
Cattle hides_
. .
do
Goatskins
do
Sheep and lamb skins _ _
do_.
Prices, wholesale (Chicago'):
Calfskins, packers', 8 to 15 Ib
dol. per lb_.
Hides, steer, packers', heavy, native
do
23, 838
276
356
2,924
2,335
20, 421
251
162
3,752
1,381
22, 1! 5
170
186
3,743
2,040
18, 683
154
122
3,052
3,013
20, 781
177
160
4,269
2,348
28,588
190
245
3,998
5, 333
30,811
348
258
3,479
3,846
36, 447
346
532
3, 411
3,276
29, 574
411
386
2,816
1,389
33, 641
357
373
3,934
3,169
27, 963
382
294
3,463
2,359
19 523
186
272
3 000
1,640
.450
(3)
.425
.207
.440
.213
.431
.208
.450
.220
.484
.245
.485
.278
.560
.309
.575
.331
.575
.322
.605
.346
.662
.358
584
1,698
2,670
1,989
1,052
2,300
3,260
3,373
930
2,084
2,862
2,868
962
2,192
3,200
2,856
993
r 2, 248
3,313
2,531
860
2,049
3 015
2,361
43
10
2,271
22
32
2,944
30
43
2,417
38
32
2,283
14
24
2,440
53
95
3 284
.571
.598
.625
.657
.703
.782
.864
1.134
1.080
3 NO quotation.
1.154
1.166
1. 174
1.204
1.229
LEATHER
Production:
902
814
885
829
Calfandkip..
_
thous. of skins
925
923
1,949
1,949
2,115
1,853
Cattle hide
thous. of hides..
1,880
2,070
2,821
3,514
2,960
3,329
3,206
Goat and kid
thous. of skins
3,016
2,625
2,675
2,193
2,566
2,720
Sheep and lamb
do
2, 653
Exports:
Sole leather:
52
5
82
Bends, backs, and sides
thous. of Ib
13
79
57
21
39
27
19
39
Offal, including belting offal
do
10
r
2,840
2,659
Upper leather
thous. of sq. ft
3,377
3,093
2,726
2,471
Prices, wholesale:
.549
.539
.539
Sole, bends, steer, f. o. b. tannery
dol. per lb__
.539
.539
.539
Chrome calf, black, B grade, composite
1.034
.991
.991
1.027
dol. per sq. f t _ _
1.037
1.017
r
Revised.
i Price for 5 pounds; quotations prior to 1950 are for 1-pound package.
2 December 1 estimate.
cTSee corresponding note on p. S-30 of the October 1949 SURVEY.
.680
.400
SURVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-31
1950
January
February
March
April
May
June
1951
July
August
September
October
November
December
January
LEATHER AND PRODUCTS— Continued
LEATHER MANUFACTURES
Shoes and slippers :§
Production, total
thous. of pairs
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By types of uppers:cf
All leather
do
Part leather and nonleather _ _ _
_ do
By kinds:
Men's
do
Youths' and boys'
do
Women's
__
___
_ do __
Misses' and children's
do
Infants' and babies'
do _
Slippers for housewear
do
Athletic
do
Other footwear
do
Exports
do
Prices, wholesale, factory, Goodyear welt, leather
sole:
Men's black calf oxford, plain toe--dol. per pair__
Men's black calf oxford, tip toe
do
Women's black kid blucher oxford
do
38, 696
39, 259
46, 496
38, 058
38, 485
39, 070
35, 465
48, 770
43, 928
44, 083
' 38, 236
35, 962
35, 822
36, 209
42, 861
34, 204
34, 215
34, 221
30,954
41, 824
37, 355
36, 720
r
32, 285
32, 640
33, 170
2,651
33, 264
3,023
38, 629
3,940
29, 814
3,477
30, 563
3,493
31, 192
3,127
28, 748
2,141
38, 671
3,011
34, 483
2,706
33, 942
2,761
29, 971
2,313
30, 239
2,401
8,148
1,207
17, 974
5,134
3,359
2,425
220
229
229
7,982
1,203
18, 709
5,109
3,206
2,569
247
234
319
9,421
1,378
22, 577
5,762
3,723
3,083
277
275
337
7,842
1,105
17, 468
4,670
3,119
3,353
277
224
307
8,287
1,281
17, 105
4,538
3,004
3,708
319
243
257
8,554
1,418
16, 756
4,632
2,861
4,242
319
288
233
6,897
1,334
16, 595
3,959
2,169
4,026
263
222
1
193
9,519
1,777
22,300
5,267
2,961
6,199
355
392
1256
9,155
1,689
18, 810
4,807
2,894
5,783
363
427
i 275
9,278
1,607
17, 677
4,941
3,217
6, 630
339
394
1333
r
8, 623
1,317
14, 784
' 4, 601
' 2, 960
5,362
'316
'273
1280
8,220
1,195
15, 330
4,861
3,034
2,866
273
183
U96
9.555
6.600
5.150
9.555
6.600
5.150
9.555
6.600
5.150
9.555
6.600
5.150
9.555
6.750
5.150
9.555
6.750
5.150
9.678
6.750
5.150
10. 045
7.150
5.150
10. 131
7.225
5.150
10. 388
7.350
5.150
10. 388
7.750
(2)
10. 682
7. 975
5.150
40, 658
374, 698
39, 397
394, 922
52, 991
259, 024
66 445
240, 937
r
11.368
8.560
5.150
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports total sawmill products J
M bd ft
Imports, total sawmill products
do
National Lumber Manufacturers Association:
Production, total©
*
mil. bd. ft—
Hardwoods
_
__ do
Softwoods©
_
do
Shipments, total©do
Hardwoods
do
Softwoods©
do
Stocks, gross (mill and concentration yards), end
of month, total©
mil bd ft
Hardwoods
do
Softwoods©.
__do
SOFTWOODS
Douglas fir:
Orders, new©
_ , _ _ _ _ _
do _
Orders, unfilled, end of month©
do
Production©
______ _
do
Shipments©
do
Stocks, gross, mill, end of month©
do
Exports total sawmill products
M! bd ft
Sawed timber
do
Boards, planks, scantlings etc
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4" x 16'
dol. per M bd. ft—
Flooring, B and better, F. G., I" x 4", R. L.
dol. per M bd. ft__
Southern pine:
Orders, new
. .
mil. bd. ft
Orders, unfilled, end of month
_
do
Production
_
do
Shipments
__do__
Stocks, gross (mill and concentration yards), end
of month
mil bd ft
Exports total sawmill products
M bd ft
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" or 8" x 12'
dol. perMbd. ft. _
Flooring, B and better, F. G., 1" x 4" x 12-14'
dol. perMbd. ft_ _
Western pine:
Orders, new
mil. bd. f t _ _
Orders, unfilled, end of month
__
do
Production J
do
Shipmentst
-- do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, 1" x 8"
- _ _ _ dol. per M bd. ft
33 691
167, 280
34, 326
>• 167, 003
34, 383
255, 642
40, 277
262, 114
38, 178
275, 384
50 589
357, 413
44, 852
338, 658
37, 772
339, 051
2,387
633
1,754
2,633
697
1,936
2,463
601
1,862
2,817
689
2,128
3,090
669
2,421
3,342
739
2,603
3,226
688
2,538
3,220
683
2,537
3,576
752
2,824
3,683
776
2,907
3,579
754
2,825
3,600
703
2,897
3,338
761
2,577
3,265
703
2,562
3,950
829
3,121
3, 758
780
2,978
3,717
848
2,869
3,637
778
2,859
3,687
829
2,858
3, 553
791
2,762
3,356
776
2, 580
3,285
743
2,542
3,009
705
2,304
2,878
651
2, 227 '
3, 005
713
2,292
3,199
705
2, 494
6,823
2,117
4,706
6,468
2,029
4,439
6,216
1,959
4,257
6,223
1,964
4,259
6,117
1,941
4,176
6,096
1,992
4,104
6,170
2,050
4,120
6,361
2,099
4,262
6,441
2,168
4,273
6,555
2, 203
4,352
6,645
2,237
4,408
6,763
2,291
4,472
6,552
2,299
4,253
919
798
575
635
817
10 861
4,437
6,424
796
846
644
748
713
12 093
5,379
6,714
994
872
921
967
667
14, 600
3,977
10, 623
1,044
988
927
929
665
15 520
5,145
10, 375
917
878
994
1,028
632
9,331
2,125
7,206
905
845
886
938
579
20 731
4,682
16, 049
889
976
794
757
616
20, 200
6,684
13, 516
989
1,044
1,083
921
778
17, 461
5,324
12, 137
848
896
1,009
996
790
17, 087
6,796
10, 291
832
754
1,007
974
806
19, 555
6,661
12, 894
940
734
909
960
766
23, 083
9,043
14, 040
969
733
860
840
773
33, 603
13, 769
19, 834
1,085
1,006
913
942
732
64. 484
66. 640
67. 620
69. 090
72. 324
82. 389
87. 050
88. 953
86. 940
79. 026
78. 090
(2)
129. 933
130. 458
132. 397
(2)
102. 900
103. 635
105. 840
105. 840
3
75. 430
4
p
109. 368
3 111. 770 * 119. 539
126. 063
128. 922
844
488
831
932
760
414
790
834
751
391
815
774
624
320
778
695
633
361
709
592
905
486
732
780
1,320
8,324
2,445
5,879
1,276
5,501
1,544
3,957
1,317
6,976
2,270
4,706
1,400
10, 607
3,051
7,556
1,517
10, 571
2,527
8,044
1, 469
714
291
703
676
802
397
667
696
749
361
766
785
770
385
758
746
982
488
798
879
840
469
797
859
914
576
757
807
1,650
9 104
2,688
6,416
1,621
8 269
2,178
6,091
1,602
6,813
1,584
5,229
1,614
8,602
2, 562
6,040
1,533
8,866
1,926
6,940
1,471
11, 999
2,866
9,133
1,421
10, 448
2,683
7,765
65. 765
65. 618
65. 986
66. 176
69. 342
72. 182
74.568
81. 773
87. 225
82.954
79. 027
r 78. 822
79. 893
141. 114
139. 472
139. 410
139. 165
141. 892
142. 657
144. 776
148.405
154. 295
153. 204
153. 204
152. 515
152. 286
461
757
264
405
1,491
467
755
326
439
1,377
584
763
477
582
1,272
619
783
585
597
1,261
721
719
729
697
1,293
828
758
837
789
1,341
803
778
766
733
1,374
851
823
879
806
1,447
766
804
771
734
1,484
747
786
735
721
1,498
617
765
616
606
1,515
619
770
500
5G4
1,451
583
749
390
504
1,337
60.37
61.26
62.72
64.13
66.22
68.53
70.84
74.69
78.68
81.38
82.52
84.47
83.73
175 484
168,635
55, 268
177 577
177, 905
55 322
235, 291
237, 000
53, 878
207, 431
206, 840
53, 638
228, 184
224, 383
57, 861
223, 051
230, 444
50, 836
150, 764
146, 607
55, 129
244, 051
237, 558
60,695
229, 340
233, 608
56, 721
250, 782
249, 789
58, 498
SOFTWOOD PLYWOOD
Production
thous of sq ft
Shipments
Stocks end of month
$6" equivalent
do
do
243, 761
243, 149
57, 703
r
232, 577
242, 722
47, 385
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
M bd. ft_ _
8,550
5,950
5,475
5,400
4,700
5,400
5,275
7,525
5,425
7,150
5,800
11, 650
7,700
19, 675
19, 600
Orders, unfilled, end of month
do
7,225
12, 675
15, 625
19, 100
18 900
8,250
9,850
11, 050
12, 475
19, 575
20, 400
5,375
5,650
4,225
4,125
5.700
Production
..
do_
4,850
4,025
5,225
5,425
4,500
5,825
5,900
5,950
5,500
4,225
4,625
5 125
5,325
5,650
6,100
5, 750
4,450
5, 450
6, 550
7 500
6 250
Shipments
do
3, 425
3.775
9.925
3, 570
4.250
« Stocks, mill, end of month
do
9,650
9.050
8.275
5.700
4.075
4.075
8,150
7.000
T
2
Revised.
1 Excludes "special category" items.
No quotation.
s Estimated; based on index computed by the Bureau of Labor Statistics.
* Data beginning July 1950 represent
a composite of quotations from a larger number of companies.
§Data beginning 1949 have been revised to include reports from additional companies (accounting for about 4 percent of total production in 1949) and, therefore, are not comparable with
earlier figures; revisions for January-May 1949 will be shown later.
cf The figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc., in the distribution by types of uppers; there are further
small differences between the sum of the figures and the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available
by types of uppers. Data through 1949, shown prior to the August 1950 SURVEY, covered fewer reporting companies (see note "§" above).
JSee note at bottom of p. S-38 of the October 1949 SURVEY regarding revisions for exports of sawmill products for 1948 and Western pine for January 1947-March 1948. ©Minor monthly
revisions beginning 1929 for Douglas fir (formerly designated as West Coast woods) and for total lumber production and shipments (beginning 1934) and stocks (1936,1938) are available upon
request.
Revisions for January 1948-July 1949 for total lumber and softwoods are shown on p. S-30 of the October 1950 SURVEY.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
82, 785
96, 413
91, 059
90, 535
17, 791
71, 035
83, 098
93, 879
93, 131
18, 539
62, 778
68, 884
93, 040
86, 031
25,548
67, 553
68, 155
81, 885
73, 944
33, 489
January
LUMBER AND MANUFACTURES—Continued
HARDWOOD FLOORING—Continued
Oak:d"
Orders new
Orders unfilled end of month
Production
Shipments
Stocks mill end of month
--
M bd ft
do
do.
do _
do- -
85, 965
75, 816
71,038
71, 637
45, 612
91,090
95. 627
68, 334
71,297
41, 201
93, 988
102, 330
81, 049
87, 285
34, 965
78, 601
102,115
75, 243
78, 816
31, 392
92, 625
106, 689
86, 791
88, 051
28, 134
84, 121
95, 723
91, 649
95, 087
24, 696
98, 438
108, 142
83, 300
86, 019
21, 977
99, 968
104, 163
99, 237
103, 947
17, 267
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Fxports total
short tons
Scrap
do
Imports total
do. _
Scrap
do
298, 496
13, 552
69, 136
33, 468
282, 076
17, 177
51, 136
3,606
273, 017
14, 481
97, 848
15, 832
258, 084
18,151
102, 857
18, 408
290, 000
18, 575
136, 730
21, 090
r 346, 392
15,719
182, 152
45, 220
5 495
2,956
2,539
5 400
1,548
3,852
5 084
2,677
2,407
5 154
1,468
3,686
5 714
2,992
2,722
4 740
1,343
3,397
5 733
2,988
2 745
4 511
1,315
3,196
5 973
3,115
2,858
4 646
1,371
3,275
2,777
1,524
6 831
2,492
1,245
8 077
2,496
1,150
9 424
2,999
2,087
10 337
0
6, 764
32,004
26, 710
5,294
601
0
0
349
5,329
26, 745
22, 103
4, 642
5,948
20, 865
16, 829
4,035
47
55
914
913
450
r
r
281, 102
29, 006
256, 874
94, 601
r
249, 671
14, 357
182, 520
26, 102
252, 086
12, 537
299, 929
121, 140
5 737
2,956
2,781
5 151
1,499
3,652
5,273
2,760
2,513
5, 553
1,602
3,951
5 826
3,078
2,748
5 816
1,699
4,117
5,790
3,026
2,764
5, 767
1,711
4,056
6,320
3,288
3,032
5,805
1,667
4,138
10, 740
10, 770
10, 306
12, 355
13, 274
9,460
13, 477
14, 238
8,685
14, 478
15,012
8 154
13, 887
14, 514
7,527
12, 999
13, 419
7, 107
7,401
9,017
5,490
3,362
2,997
5,856
7,109
14, 099
11,033
3,066
9,496
7,362
14, 384
11, 544
2,840
12, 704
7,579
24, 108
20, 651
3,456
12, 482
7, 371
29, 966
26, 084
3,881
12, 191
7,175
35, 716
31, 388
4,328
6,993
6,861
41, 543
36, 919
4,624
7,289
37, 169
31, 771
5, 398
334
678
792
852
920
11, 380
7,415
39, 711
35, 651
4,059
579
11, 738
7,249
19, 189
15, 997
3,192
r
893
964
733
376
61
68
64
107
88
56
'70
67
' 57
88
873
864
417
922
996
500
922
981
484
978
1,040
1,136
1,287
1,095
1,794
1,159
1,840
1,255
1,930
1,161
613
961
508
1,670
1,202
573
701
657
653
34, 390
62, 307
62, 874
32, 918
35, 991
67, 049
60, 386
31, 249
41, 456
69, 866
66, 259
38, 639
42, 663
76, 250
69, 822
36, 279
43, 256
77, 074
76, 161
42, 432
56, 322
86, 783
82, 345
46, 613
5,294
5,285
4,173
4,357
4,601
4,779
5,577
5,548
5,855
5,827
5,633
5,637
r
263, 069
21, 122
451, 097
123, 831
' 285, 918 261, 104
16, 479
26, 253
482, 903
467, 063
128, 456
98, 700
Iron and Steel Scrap
Home scrap
Purchased scrap
do
do
TJome scrap
Purchased scrap
do
do
Ore
Iron ore:
All districts:
Production
thous of long tons
Shipments
do
Stocks at mines end of month
do
Lake Superior district:
Shipments from upper lake ports
do
Consumption by furnaces
_ . do
Stocks, end of month, total
. _ _ _ do_._
At furnaces
do
On Lake Erie docks
do
Imports _ _
do.
Manganese ore, imports (manganese content)
thous of long tons
5 929
3,019
2,910
5 475
1,560
3,914
*
r
509
873
0
7,327
30, 227
25, 658
4, 569
Pig Iron and Iron Manufactures
Castings, gray iron:
Unfilled orders for sale
thous of short tons
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, new, for sale
short tons
Orders unfilled for sale
do
Shipments, total
do
For sale
do
Pig iron:
Production.. _
thous. of short tons
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous of short tons
Prices, wholesale:
Composite
dol per long ton
Basic (furnace)
do
Foundry, No. 2, f. o. b. Neville Island
do
2,012
1,182
677
649
55, 715
105, 300
67, 514
37, 198
77, 093
132, 374
86, 021
50, 019
67, 136
152, 583
82, 479
46, 927
57, 852
160, 278
89, 968
50, 157
68, 491
180, 099
85, 163
48, 670
65, 942
194, 950
91, 510
51, 091
5,879
5,620
5,770
5,752
5,697
5,703
5,924
5,845
5,387
5, 395
5, 693
5,894
53.58
52.00
52.50
1,441
1,299
1,138
1, 144
1, 168
1, 197
1,366
1,427
1,408
1,303
1,465
46. 68
46.00
46.50
46.85
46.00
46.50
47.28
46. CO
46.50
47.28
46.00
46.50
47.28
46.00
46.50
47.28
46.00
46.50
47.28
46.00
47.25
47.48
46.00
49.50
47.95
46.75
49.50
49.87
49.00
49.50
50.53
49.00
49.50
53. 19
51.63
52.50
92, 240
62, 045
10, 920
112,335
77, 588
15, 281
107, 129
75, 133
17, 406
117, 773
83, 845
20, 552
131, 097
94, 637
27, 065
98, 269
68, 874
15, 734
128,369
94, 413
24, 922
134, 574
96, 738
25, 295
149, 558
109, 660
30, 048
145, 929
108, 263
30, 775
155, 258
113, 692
34, 061
340, 955
294, 251
46, 704
92, 547
73, 440
19, 107
350, 358
287, 874
62, 484
108, 677
87, 745
20, 932
357, 238
297, 032
60, 206
99, 193
80, 950
18, 243
372, 804
311,811
60, 993
113, 657
93, 459
20, 198
408, 345
342, 535
65,810
117, 333
96, 061
21, 272
445, 567
391, 820
53, 747
94, 929
79, 081
15, 848
547, 552
483, 840
63, 712
123, 608
99, 605
24, 003
620, 407
530, 689
89, 718
122, 408
97, 753
24, 655
643, 119
549, 214
93, 905
136, 737
107, 666
29, 071
656, 586
560, 354
96, 232
130, 286
102, 511
27, 775
673, 823
562, 239
111, 584
127, 784
97, 786
29, 998
6,793
89
7,487
89
8,213
8,552
101
8,132
8,071
95
99
8,740
102
8,012
99
8,230
96
8,193
100
.0438
.0438
.0438
.0438
.0438
.0438
.0438
.0438
.0438
.0438
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
59.36
.0375
59. 36
.0375
59.36
.0375
59.36
.0375
31.63
31.60
32.88
37.00
43.90
40.50
43.60
44.00
44.00
Steel, Crude and Semimanufactures
Steel castings:
89, 136
Shipments, total
short tons
57, 996
For sale, total .
_ . do
9,298
Railway specialties
do
Steel forgings, for sale:
327, 035
Orders, unfilled, total _ . __
do.
280, 023
Drop and upset
_ do
47, 012
Press and open hammer
do
92, 994
Shipments, total
do
73, 458
Drop and upset
do
19, 536
Press and open hammer. _
do
Steel ingots and steel for castings:
7,930
Production
thous. of short tons
94
Percent of capacity?
Prices, wholesale:
.0438
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (producing point)
59.36
dol. per long ton..
.0375
Structural steel (Pittsburgh)
dol. perlb..
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton..
30.00
r
97
8 343
8 843
98
100
. 0461
.0468
59.36
.0375
62.72
.0400
62.72
.0400
44.00
46.50
47.75
T
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
7,182
Orders, unfilled, end of month
thousands. .
4,863
4,937
4,745
4,659
4,410
4,856
5,795
7,138
7.532
8,049
8,881
1,721
Shipments
_ ...do
1,635
1,758
2,095
1,967
2,435
2,089
2,704
2,128
2,517
2,588
2,545
Stocks, end of month
do...
61
42
31
28
36
35
44
36
49
32
32
25
r
Revised.
cf Monthly revisions (1940-46) to incorporate data for prefinished flooring and small quantities of species of hardwood flooring other than oak, included in current data, will be shown
later; scattered monthly revisions (1934-36) are available upon request.
JPercent }of capacity is calculated on annual capacity as follows: Data beginning January 1951, on capacity as of January 1 of 104,229,650 tons of steel; 1950—July-December, on 100,563,500
tons (as of July 1); January-June, on 99,392,800 tons (as of January 1).
SUEVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through.
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-33
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
301,350
192, 709
108, 641
265, 628
1,330
29, 260
352, 487
235, 523
116, 964
320 501
1,277
26, 807
January
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products— Continued
Cans, metal, shipments (in terms of steel consumed) ,
total
short tons
Food
_
__
do
Nonfood
do
Shipments for sale
do
Commercial closures, production
millions
Crowns, production
_.
thousand gross
Steel products, net shipments:
Total
thous of short tons
Bars, hot rolled — Carbon and alloy
do
Reinforcing
do_
Semimanufactures
do
Pipe and tubes
do
Plates
do
Rails
do
Sheets
do
Strip— Cold rolled
do
Hot rolled
_
do
Structural shapes, heavy
do
Tin plate and terneplate
do
Wire and wire products
do
209, 187
136, 899
72, 288
176, 582
951
21, 365
198, 279
121, 128
77, 151
163,010
908
22, 066
236, 413
138,019
98, 394
192, 993
1,061
26, 281
224, 203
130, 753
93,450
187, 986
956
25, 353
282, 923
164, 147
118,776
241, 985
1,088
30, 531
356, 117
228, 767
127,350
312, 661
1,105
33, 036
396, 681
264, 343
132, 338
364, 504
1, 124
33, 836
551, 451
395, 266
156,185
498 369
1,527
36, 613
431, 161
310, 916
120, 245
382, 891
1,451
30, 291
5,483
620
122
228
671
456
151
1,572
141
176
325
348
424
5,135
602
101
220
633
346
125
1,502
141
167
309
329
408
5,723
652
116
230
658
441
125
1,719
151
182
331
363
464
5,780
646
122
225
743
438
164
1,686
146
179
333
366
429
6,253
702
138
241
803
467
186
1,768
154
200
364
432
456
6,192
693
138
229
807
447
186
1,735
157
187
361
438
471
5,669
594
156
250
703
393
152
1,728
115
177
347
420
354
6 326
674
169
282
801
454
158
1,756
170
214
343
467
495
6,145
689
151
269
770
482
154
1,697
159
210
355
424
433
6 504
753
159
307
740
542
147
1,839
172
228
374
388
495
6 051
671
152
280
648
540
131
1,673
170
196
389
376
484
6,433
732
152
336
717
551
140
1,843
178
207
365
401
452
58, 747
253. 181
58, 024
248, 354
61,929
225, 388
60,400
167,154
63, 518
182, 954
63, 006
207, 852
59, 449
213, 408
62, 915
149, 449
62, 276
203, 639
65, 897
250, 187
67, 954
.0746
.0725
.0757
.0864
.0882
.0985
.1107
.1388
.1541
.1575
.1575
184.9
35.8
149.0
107.4
.287
162.7
33.4
129.4
89.4
.292
163.6
36.0
127.5
85.7
.312
175.1
37.6
137.5
92.7
.336
163.8
30.2
133.6
90.3
.342
208.9
39.9
169.1
113 0
.342
207.4
42 1
165.3
110 2
.363
210.1
47 3
162.8
106 8
.369
197.2
4
6 8
150.4
99 7
.378
199.0
46.0
153. 0
101.6
.378
.378
349, 858
230, 772
119, 086
313 218
1, 520 •
28, 758
NONFERROUS METALS AND PRODUCTS
Aluminum:
r
52, 023
50, 443
Production, primary
short tons
142, 324
232, 796
Imports bauxite
long tons
Price, wholesale, scrap castings (N. Y.)
.0775
. 0775
dol. per lb_.
Aluminum fabricated products, shipments, total
140.2
129.5
mil of Ibs
28.9
28.8
Castings
do
111.3
100.7
Wrought products, total
do
68.5
77.0
Plate sheet and strip
do
.287
.287
Brass sheets, wholesale price, mill
dol. per lb__
Copper:
Production:
Mine production, recoverable copper
66, 841
70, 915
short tons
Crude (mine or smelter, including custom in80, 756
85, 650
take)
_ short tons
94, 036
95, 229
Refined
do _
112, 773
111, 668
Deliveries, refined, domestic
do
77, 472
101, 070
Stocks, refined, end of month
do .
12, 165
20, 748
Exports, refined and manufactures
do
61,378
56, 213
Imports, total
do
39, 759
25, 746
Unrefined , including scrap
do
21,619
30, 467
Refined
do
.1820
.1820
Price, wholesale, electrolytic (N. Y.)-dol. per lb__
Lead:
Ore (lead content) :
34, 825
35, 640
Mine production
short tons
36, 452
35, 031
Receipts by smelters, domestic ore.
do
Refined (primary refineries) :
41, 670
47, 512
Production!
do
21, 855
25, 683
Shipments (domestic) t
do
76, 529
79, 143
Stocks end of monthf
do
Price, wholesale, pig, desilverized (N. Y.)
.1200
.1200
dol. per lb__
Imports, total, except mfrs. (lead content)
33, 924
31, 286
short tons
Tin:
2,652
2, 987
Production pig
long tons
4,941
5,131
Consumption pig
do
1
1
43, 875
39, 827
Stocks pig end of month total§
do
25, 816
25, 991
Gov eminent §
do
17, 104
13, 145
Industrial
do
Imports:
1,383
2,549
Ore (tin content)
do
8,184
7,409
Bars blocks pigs etc
do
r
. 7592
.7435
Price, wholesale, Straits (N. Y.)c? _ dol. per Ib
Zinc:
46, 030
43, 606
Mine production of recoverable zinc short tons
Slab zinc:
'
69,948
69, 639
Production
-- -do
82, 132
84, 257
Shipments total
do
72, 843
69,
020
Domestic
-.
-do
82, 037
67, 419
Stocks end of month
do
Price, wholesale, prime Western (St. Louis)
.0976
.0975
dol. per lb_.
30, 999
23, 157
Imports total (zinc content)
short tons
434
60
For smelting, refining, and export _ _ do
For domestic consumption:
12,491
15, 625
Ore (zinc content)
_._ _ _ _ do
14, 940
10, 606
Blocks pigs etc
do
75, 698
73, 303
74, 467
74, 828
72, 582
80 222
76, 666
77 800
81 957
81, 712
90, 358
113, 464
123, 054
60, 276
19, 021
45, 207
26, 408
18, 799
.1820
83, 782
103, 293
101, 729
57, 028
17, 120
34. 520
15, 658
18, 862
.1864
83, 286
112,411
113,837
51,043
14, 064
66, 117
27, 086
39, 031
.1961
96, 754
113, 961
125, 016
50, 350
11, 434
87, 222
39, 903
47, 319
.2200
85, 378
96, 758
96, 006
48, 290
9,785
29, 347
13, 112
16, 235
.2220
93. 138
108, 465
112, 107
50, 952
12,230
33, 576
8,204
25 372
.2227
86, 678
111, 842
119, 529
58, 748
12, 035
36, 298
8.625
27, 673
.2290
90, 542
110, 435
121, 806
56, 945
11, 925
62, 526
33, 901
28, 625
.2420
90, 148
101,410
r
111, 985
51,805
12, 220
38, 823
r 18, 664
r
20, 159
.2420
r 91, 218
39, 056
38, 457
35, 558
35, 513
38, 024
39, 099
36, 957
35,811
31, 398
32, 283
36, 030
34, 952
35, 104
36, 912
35, 731
35, 394
35, 377
34,069
36, 175
36, 099
49, 104
22, 358
88, 581
48, 196
33, 751
86, 309
48, 989
45, 702
76, 236
44, 490
35, 774
69, 025
41, 520
41, 188
67, 809
47, 242
47, 031
67, 495
49, 958
55, 898
61, 042
54, 123
62, 138
50, 854
50, 725
58, 658
40, 910
48, 234
49, 601
35, 619
48, 878
51 , 244
33, 232
.1700
1
.1096
.1063
. 1172
.1181
.1166
26, 197
32, 787
54,917
41, 523
35, 646
3,137
5,799
43, 890
23, 396
19, 673
1
2,743
5, 488
42, 270
23, 488
18, 427
1
3,185
6,120
43,417
23, 482
19, 230
1,755
r 4, 940
.7475
1,392
2,941
.7645
374
10, 434
.7750
51, 692
49, 183
77, 946
85, 589
74, 700
59, 776
1
2,605
6,478
42, 644
20, 623
20, 117
1
2,574
6,571
42, 512
18, 254
22, 780
r
1
109, 464
121, 954
49, 040
20, 905
54, 807
26, 912
27, 895
.2420
.1293
.1580
.1604
.1700
.1700
50, 412
41, 831
43,810
61, 002
114, 696
3,130
7,092
41, 442
17, 804
22, 587
3,653
7 059
i 42, 020
17,486
23, 666
3.882
5, 136
1. 0129
3,130
6,357
1.1335
1,685
5,008
1. 3768
3,789
4,019
1.4478
2,717
8 157
43, 717
19 623
21, 910
1
87, 109
110, 144
108, 128
54, 883
.2420
473
8, 613
.7770
658
11,621
.8988
4,266
8,254
1. 0205
52, 111
50, 625
48, 423
56, 221
54, 794
55, 791
54, 604
55, 127
75, 877
83, 133
73, 389
52, 520
79, 645
90, 346
71, 101
41, 819
75, 766
90, 920
68, 214
26, 665
77, 868
84, 116
67, 119
20, 417
73, 399
79, 365
69, 073
14, 451
71,057
75. 241
70, 656
10, 267
79, 997
81, 156
71, 596
9,108
79, 226
79, 079
69, 202
9,255
' 79, 995
80, 386
72, 342
r
8, 884
80, 912
79, 584
70, 848
10, 212
.0994
25, 530
983
.1066
20, 593
178
. 1197
27, 202
0
.1465
43, 662
136
.1500
38, 824
0
.1710
35, 137
0
.1750
39, 456
6,169
.1750
34, 150
0
.1750
31, 744
596
.1750
13,382
11, 165
7,044
13, 371
13, 309
13, 893
30, 141
13, 385
20, 467
18, 357
' 19, 724
15, 413
20, 446
12, 841
20, 665
13, 485
20, 001
11, 147
r
r
.1505
58, 685
2,147
«• 43, 921
12, 617
r
r
1. 7172
HEATING APPARATUS, EXCEPT
ELECTRIC
Boilers, radiators and convectors, cast iron:
Boilers (round and square):
17, 399
25, 754
19, 386
40, 153
12, 573
25, 747
40, 329
38, 488
11, 144
10, 534
15, 349
10, 595
Shipments
thous of Ib
48, 763
48,483
96, 634
100, 994
72, 295
99, 986
48, 885
90, 786
87, 568
58, 577
70, 978
79, 029
Stocks end of month
do
Radiation:
5,714
4,372
5,127
2,440
6,449
5,798
2,966
3,513
3,015
2,025
4,020
2,678
Shipments
thous of SQ ft
2,766
2,951
4,846
3,200
6,186
7,056
7,821
6,531
4,020
5,655
Stocks, end" of month
do
5,806
7,505
r
1
Revised.
Includes small amount not distributed.
tRevised series. Data beginning 1949 have been revised to exclude figures for secondary refineries; revisions prior to 1949 will be published later. The production figures (corresponding
to those formerly designated as primary) include some secondary lead produced by primary refineries.
d"Substituted series. Compiled by the American Metal Market; data represent average of daily closing prices (prior series was based on averages for the day).
§Government stocks represent those available for industrial use.
SUEVEY OF CUREENT BUSINESS
S-34
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, ETC.—Continued
Boilers range shipments
number
Oil burners:
Orders, unfilled, end of month _
do
Shipments
do
Stocks, end of month
do...
Stoves and ranges, domestic cooking, exc. electric:
Shipments total
number
Coal and wood
do
Gas (inc. bungalow and combination) __do
Kerosene, gasoline, and fuel oil
do
'Stoves, domestic heating, shipments, total
do
Coal and wood
do
Gas
do
Kerosene gasoline and fuel oil
do
Warm-air furnaces (forced-air and gravity-air flow),
shipments, total
number.
Gas
do
Oil
do
Solid fuel
do
Water heaters nonelectric shipments
do
42, 101
54, 523
53, 374
34, 481
33, 563
36, 498
37, 489
43, 552
38, 920
44, 748
40, 689
43, 869
41,206
36, 650
40, 040
45, 218
36, 808
42, 152
52. 517
51, 985
43, 744
54, 879
46, 208
51,698
61, 945
64, 001
57, 818
81, 725
80, 562
59, 401
123, 693
98, 656
50, 446
146, 922
138, 587
38, 747
118,930
115, 780
37, 468
82,903
114, 041
38, 411
65, 496
70, 285
44, 482
60, 180
192, 107
10, 581
167, 221
14, 305
236, 828
11, 933
209, 156
15, 739
299, 019
14, 527
265, 829
18, 663
263, 738
12, 170
239, 706
11, 862
266, 647
8,663
244, 080
13, 904
246, 283
8,783
220, 936
16, 564
281, 870
11,113
256, 075
14, 682
376, 637
21,045
333, 439
22, 153
323, 636
16, 157
288, 809
18, 670
338, 625
14, 827
309, 846
13, 952
295, 344
11,187
270, 613
13, 544
263 729
9,990
237, 001
16, 738
95, 908
12, 088
48, 215
35, 605
93, 591
6,366
42, 419
44, 806
108, 071
16, 597
59, 334
32, 140
130, 064
21, 376
69, 721
38, 967
190, 317
34, 975
101, 258
54, 084
294, 372
51, 160
137, 945
105, 267
433, 371
74, 704
228, 936
129, 731
785, 350
172, 497
321, 487
291, 366
658, 807
173, 145
277, 940
207, 722
610, 766
145, 742
290, 932
174, 092
464, 490
109 658
243, 948
110 884
327, 637
69 393
171 182
87 062
39, 887
20, 353
13, 696
5,838
164, 863
45, 618
24, 582
14, 248
6,788
185, 780
59, 982
36, 304
18, 348
5,330
210, 074
58, 798
38, 896
15, 465
4,437
213, 754
78, 349
50, 162
21, 286
6,901
237, 837
98, 517
58, 476
30, 867
9,174
255, 072
102, 189
54, 203
35, 380
12, 606
243, 490
145, 512
76, 463
45, 644
23, 405
322, 909
139, 014
74, 241
44, 980
19, 793
280, 683
137, 915
67, 036
51, 285
19, 594
286, 907
102. 001
50, 336
36, 988
14, 677
257, 999
85, 407
45, 731
29, 852
9,824
250 134
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans new orders*
thous of dol
Unit heater group new orderst
do
Foundry equipment (new), new orders,
net
1937-39= 100. _
Furnaces, industrial, new orders:
Electric
thous of dol
Fuel-fired (except for hot rolling steel)*
do
Machine tools, shipments
1945-47=100.Mechanical stokers, sales:
Classes 1, 2, and 3
.numberClasses 4 and 5:
Number
Horsepower
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol. .
18, 619
8,006
r
25,648
9,592
r
31, 272
17, 871
32 124
17 347
159.3
113.1
225.2
160.6
294.9
622.7
401.8
693.6
483.8
526.8
885.5
526.2
473
1,914
52.8
697
616
56.1
753
1,300
75.3
415
837
61.6
982
1,392
82.5
1,328
1,166
91.9
1,445
2,247
68.3
1,039
3,927
95.7
1,485
1,817
101.6
1,603
2,306
100.9
2,157
2, 068
110.9
1 505
2 749
135.7
1,327
670
692
846
743
1,450
2,208
4,405
3,521
2,920
1,861
1,679
106
29, 700
95
28, 564
116
38, 845
115
35, 453
134
34, 960
226
62, 952
244
64, 102
352
87, 404
360
66, 267
259
66, 472
'174
38, 343
176
73 142
2,587
2, 938
3,313
3,376
3,668
4,153
4,080
6,429
5,191
4, 985
5,961
6,720
6,477
1,174
1,191
915
1,196
1,646
2,060
2,839
2,925
3,007
2,536
2, 172
1,876
280
263, 515
343, 000
356
361, 014
423, 800
330
292, 664
333, 100
328
278, 645
304, 600
332
250, 190
325, 200
304
279, 967
.282, 300
293
341, 232
381, 500
302
327, 524
424, 000
236
331, 445
439, 900
228
265, 310
379, 964
288, 756
377, 013
321, 092
356
406
381
446
451
370
466
514
547
542
•
r
2 764
4 033
p 113.9
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
1,467
thousands _ _
Domestic electrical appliances, sales billed:
226
Refrigerators index
1936=100
249, 150
Vacuum cleaners, standard type
number.
275,
600
Washers
.. ..do
Insulating materials and related products:
345
Insulating materials sales billed, index 1936=100
Fiber products:
Laminated fiber products, shipments
4,696
thous. of dol.
Vulcanized fiber:
3,632
Consumption of fiber paper
thous. of lb_.
Shipments of vulcanized products
1,217
thous. of dol. .
Steel conduit (rigid) and fittings, shipments
15, 674
short tons
Motors and generators, quarterly:
New orders index
1936—100
Polyphase induction motors, 1-200 hp.:cf
New orders
thous. of doL.
Billings
do
Direct current motors and generators, 1-200 hp.:cf
New orders
thous. of dol. .
Billings
do
r
4,788
5,351
5,226
6, 069
6,165
5,164
6,288
7,054
7,332
7,266
7,574
3,439
3,988
3,735
4,319
4,326
3,831
4,721
4,674
5,048
4,844
4,738
5,399
1,269
1,566
1,307
1,534
1,523
1,271
1,717
1,794
2,088
2,036
1,965
2,244
16, 100
17, 708
16, 515
17, 219
21, 645
24, 723
30, 543
29 123
25, 875
24 489
27 561
338
337
551
28, 236
19, 812
25. 436
24, 608
46, 582
29, 610
55, 054
37 905
4,692
3,525
6,106
4 347
7,428
4 163
10 648
5 382
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
4,882
2,875
2,914
3,355
4,196
3,862
4,313
2,581
4,258
Production
thous. of short tons.4,417
3,379
Stocks in producers' storage yards, end of month
637
358
183
289
408
556
1, 298
1,416
thous. of short tons..
658
878
1,035
364
275
364
201
261
345
461
Exports
do
149
318
480
346
Prices, composite, chestnut:
20.62
20.76
20.51
21.30
Retail
dol per short ton
20.51
20.33
20.36
21.52
21.74
21 26
21.90
16. 498
16. 692
16. 190
16. 577
16. 207
16.356
16. 886
16. 980
16. 190
16. 636
16. 739
Wholesale
--do__
Bituminous:
f
r
r
r
r
31, 151
12, 145
53, 594 r 46, 615 r 45, 798 r 45, 823 r 35, 109
50. 083 r 47, 297
Production
thous. of short tons
51 376 r 45, 512
Industrial consumption and retail deliveries, total
33, 819
34, 322
40, 033
34, 031
36, 957
37, 954
thous. of short tons. 41, 855
36,617
33, 248
38, 887
40, 033
30, 041
28, 581
30, 202
30, 008
32, 902
Industrial consumption, total
... do
25, 458
29, 651
30, 836
30 719
28, 763
33, 270
392
666
704
795
152
40
864
1,006
903
891
Beehive coke ovens
do_1,000
8,340
5,714
7,144
8,367
8 072
8, 057
8 480
8 006
7 696
8,091
8 183
Byproduct coke ovens
do
625
565
Cement mills
do_.
636
579
631
649
652
705
749
659
670
6,797
6,900
6, 645
6 397
6, 538
6 779
8 451
7 306
7, 782
8, "<86
Electric-power utilities
do
7 456
5,522
4,750
5,341
4,926
4,727
5,320
4,119
4,988
4,972
5,360
5,329
Railways (class I)
do
539
622
712
745
663
583
611
668
649
558
553
Steel and rolling mills _
_
do .
6, 735
8 874
8, 740
8,111
Other industrial
do
7 960
7,738
7 127
7,624
8, 560
9,176
7 609
5,238
8.864
6.576
10. 025
4.380
Retail deliveries
do__11.136
4.485
7.118
6.755
5. 985
6.763
r
Revised.
* Preliminary.
JSee note marked "i" on p. S-34 of the June 1950 SURVEY regarding revised data.
cfThe number of companies reporting is as follows (1950): Polyphase induction, first half, 31; second half, 32; direct current, 29.
'New series. Compiled by the Industrial Furnace Manufacturers Association, representing orders (less cancellations) for metallurgical and other purposes as reported by
Currently, the combined data for electric and fuel-fired furnaces account for about 80 percent of the industry total. Data prior to 1949 will be shown later.
3,360
4,199
1,268
328
1,068
22 06
17 121
22 14
17 134
r
47 497
50 950
r
44, 875
35 596
46, 269
35 988
1 068
8 563
r
980
8 473
T
799
9 024
5 615
745
9 286
5 717
795
848
9 910
9 761
10. 281
9.279
24 to 28 companies.
SURVEY OF CURRENT BUSINESS
March 1951
S-35
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
January
February
March
April
May
June
July
August
September
November
October
December
January
PETROLEUM, COAL, AND PRODUCTS—Continued
COA L—Continued
Bituminous— C ontinued
Consumption on vessels (bunker fuel)
thous. of short tons..
Stocks, industrial and retail dealers', end of month,
total . _
thous. of short tons
Industrial, total
do
Byproduct coke ovens
do
Cement mills
do
Electric-power utilities.
do
Railways (class I)
_ do
Steel and rolling mills
do
Other industrial
do _ _
Retail dealers.
do
Exports
do
Prices, composite:
Retail
dol. per short ton
Wholesale:
Mine run
do
Prepared sizes
do
COKE
Production:
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
Exports
do
Price, beehive, Connellsville (furnace)
dol. per short ton..
14
12
19
45
85
82
88
78
87
84
83
37, 119
36, 038
7,087
877
15, 066
3,010
748
9,250
24, 583
24, 118
3,449
528
11, 055
2,093
453
6,540
465
197
28, 054
26, 893
4,848
553
11, 167
2,755
500
7,070
1,161
776
37, 590
36, 047
7,491
668
13, 820
2,902
695
10, 471
1,543
2,108
44, 795
42, 840
9,572
771
16, 774
3,113
841
11, 769
1,955
3,072
51, 376
49, 198
11, 280
902
19, 505
3,802
951
12, 758
2,178
2,657
51, 979
49, 751
10, 395
944
20, 581
3,238
891
13, 702
2,228
r
2, 728
58, 964
56, 620
12, 353
1,089
22, 925
3,746
928
15, 579
2,344
2,956
64, 293
61, 836
13,964
1,181
24, 940
3,646
968
17, 137
2.457
2,923
70, 478
67, 714
15, 666
1,283
26, 668
4.172
989
18, 936
2,764
3,085
72, 131
69, 389
16, 329
1,361
27. 529
4,513
1,005
18, 652
2,742
2,582
1,081
557
40
'
72, 516
r
70, 054
16,
776
r
1, 369
27, 121
5,105
1,012
18, 671
2,462
1,827
27
73, 887
71, 647
16, 841
1,418
27, 006
5, 311
1,074
19, 997
2,240
16.63
16.16
16.09
16.12
16.31
16.47
16.74
16.77
16.80
16.86
8. 756
9.456
8.729
9.403
8.707
9.394
8.689
9.380
8.698
9.464
8.699
9.562
8.713
9.582
8.735
9.582
8.741
9.582
8.741
9.582
248
4,979
254
424
5,663
246
449
5,868
296
568
5,657
304
505
5,855
318
644
5,756
315
587
5,671
283
640
6,006
289
r
578
5,666
288
626
5,981
301
655
448
207
155
24
550
448
102
112
22
700
581
119
117
29
718
611
108
133
32
724
612
111
129
22
816
642
174
125
39
825
599
226
101
34
855
584
271
104
37
984
661
323
85
41
1,102
752
351
74
46
1,106
813
293
82
42
13. 250
13. 250
13. 850
14. 250
14. 250
14.250
14. 250
14. 250
14. 250
14. 250
14. 250
14. 625
1,806
152, 590
86
169, 987
1,671
139, 073
84
148, 837
2,009
151, 213
85
165 418
1,826
149, 052
82
155 797
1,994
159, 441
90
171 599
2,349
161, 332
88
169, 663
2,135
170, 017
91
182, 330
2,315
175, 594
94
188, 078
2,031
176, 636
94
181, 778
1,999
182, 896
94
188, 393
r
2, 211
176, 725
93
182, 539
2,008
177, 276
94
190, 448
246, 610
61, 195
169, 217
16, 198
243 750
59, 965
167 916
15, 869
241 230
60,647
164 663
15, 920
244 605
62, 647
165 373
16, 585
239 877
62, 944
160 751
16, 182
242, 287
62, 639
162, 506
16, 142
240, 270
62, 845
160, 254
17, 171
237, 393
61, 247
159, 357
16, 789
242, 311
60, 884
164, 303
17, 124
246, 424
61, 993
167, 490
16, 941
249, 525
61 , 053
171, 343
17, 129
248, 463
63, 328
167, 941
17, 194
16.47
16.51
16.67
8.767
9.732
8.795
9.766
8. 861
9.855
104
5, 358
291
26
3,956
259
1,281
807
474
149
29
1
14. 750
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
number
Production.
thous. of bbl
Refinery operations
percent of capacity
Consumption (runs to stills)
thous of bbl
Stocks, end of month :cf
Gasoline-bearing in U S , total
do
At refineries
do
At tank farms and in pipelines
do
On leases
do
r
r
r
r
3,096
4,033
3,229
2,654
3, 274
2,917
2,130
2,153 r 2,968
2,946
3,095
2,328
Exports
do
15, 496
13, 269
15, 185
16, 434
11, 891
14, 924
13, 960
13, 731 r 14, 359 T 13, 575 r 15, 307 r 14, 607
Imports
do
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
2.570
Price (Oklahoma-Kansas) at wells t- dol. perbbl__
Kefined petroleum products:
Fuel oil:
Production:
37, 723
36, 530
41, 628
33,765
32, 253
35, 392
32, 489
29, 301
30, 920
31,112
28, 729
29, 070
Distillate fuel oil
thous of bbl
38, 759
37, 202
32, 954
35, 585
40, 475
35, 343
37, 491
31, 426
32, 058
35, 338
32, 818
35, 768
Residual fuel oil
do
Domestic demand:
r
29, 320
35, 411
25, 123
24, 864
55, 325
42, 604
28, 806
26, 785
43, 406
39, 484
19, 705 r 23, 864
Distillate fuel oil
do
45, 980 r 47. 977
42, 668
56, 198
42, 906
41, 955
39, 055
40, 743
44, 762
52, 085
47, 281
Residual fuel oil
do
51, 334
Consumption by type of consumer:
6.145
6,194
6,281
5,673
5,324
5,899
7,804
7,462
5,319
6,043
7,868
5,275
6,417
Electric-power plants
_ ... do
4,474
4,247
3,833
4,207
4,033
3,543
4,284
3,79"!
4,117
4,029
4,117
4,035
Railways (class I)
do
4,980
4,545
5,064
5,422
4,772
5,125
4,713
4,664
5,088
5,039
4,477
Vessels (bunker oil) __
do
4,289
4,169
Stocks, end of month:
2
2
2
2
85, 643
2 68, 426
2 86, 113 2 71, 948
2 42, 739
2 37, 777
2 37, 530
53, 679
61, 664
2 78, 270
63, 932
252,206
Distillate fuel oil
do
45, 004
39, 482
40, 979
45. 048
40, 124
42, 165
41, 966
40, 750
41, 860
39, 979
55, 808
47, 828
Residual fuel oil
_
do
Exports:
r
1,124
809
714
935
863
801
1 036
626
1,011
916
Distillate fuel oil
do
649
1,001
632
1,221
958
861
1,071
1,326
644
1,193
935
802
843
1,398
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)t
.088
.086
.082
.091
.091
.077
.078
.082
.078
.081
.081
.091
.078
dol. per gal__
1.650
1.650
1.488
1.590
1.650
1.650
Residual (Oklahoma, No. 6 fuel)*
do
1. 388.
1.438
1.625
1.620
1.700
1.750
1.190
Kerosene:
10, 264
9,828
9,790
9,091
9,989
10, 255
11, 261
Production
thous. of bbl
9,469
10, 100
8,848
8,477
11, 140
8,371
9,486 r 12, 737
12, 939
5,700
6,926
7,035
7,920
16, 784
Domestic demand ...
do
13, 906
11,413
4,570
28,292
17, 304
25, 803
25, 526
13,383
19, 723
Stocks, end of month
do
16, 126
13, 001
21,117
23, 151
27, 677
18, 260
r 77
61
136
205
214
213
39
71
26
Exports
do
89
113
68
Price, wholesale, bulk lots (New York Har.098
.089
.089
.090
.092
.093
.096
.101
.093
.092
.101
.090
.101
bor)!
dol. per gal
L/ubricants:
4,686
3,645
4,039
4,987
3,587
4,086
4,002
4,906
5
068
Production
thous of bbl
3,932
4, 151
4,646
r
2,544
3, 907
3,346
3,822
3, 511
3, 322
3,012
2, 368
3,271
Domestic demand
_
do
2,846
3,588
3,339
7,145
8,787
6,973
Stocks, refinery, end of month
_do _._
9,341
8,989
8,280
7,736 r 7,427
7,849
9,323
7,283
6,950
3
3
3
3
1,
101
3992
3 1, 099
1,250
1, 160
1, 281
1, 222
1, 402
Exports
_
do
940
1,150
1,110
910
Price, wholesale, bright stock (midcontinent,
.172
.268
.170
.220
.170
.170
.181
.255
.270
.170
.199
.282
f. o. b. Tulsa)t
dol. per eal__
.290
f
Revised.
1
Comparability of data is slightly affected in April 1950 by substitutions in reporting companies. Price on new basis for March 1950 is $8.916.
2
New basis. Beginning January 1950, coverage was increased to include one East Coast terminal not previously reporting; comparable December 1949 figure, 75,435,000 barrels.
3
Excludes "special category" exports not shown separately for security reasons,
concludes stocks of heavy crude in California.
fReyised series. Beginning in the July 1950 SURVEY, the following price series have been substituted for those previously shown: Crude petroleum, 36°-36.9° gravity (former series, 33°33.9°); distillate fuel oil, New York Harbor, No. 2 fuel, bulk lots, f. o. b. refineries or terminals, excl. all fees and taxes (former series, Pennsylvania, 36°-40° gravity); lubricating oil, bright stock,
conventional, 150-160 viscosity D, 0-10 pour point, midcontinent, excl. all fees and taxes (former series, cylinder, Pennsylvania). Beginning in the April 1950 SURVEY, prices for kerosene (N. Y.
Harbor, No. 1 fuel, f. o. b. refineries or terminals, excl. all fees and taxes) replace those for water white, Pennsylvania. Data beginning 1935 for all series except kerosene are shown on p. 20
of this issue of the SURVEY; kerosene prices beginning 1935 are shown on p. 24 of the August 1950 SURVEY.
*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Prices are for bulk lots, excluding all fees and taxes (Oklahoma, group 3).
SURVEY OF CURRENT BUSINESS
S-36
March 1951
1951
1950
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
January
Febru-
ary
March
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products— Continued
Motor fuel:
All types:
82, 075
73, 549
77, 606
84, 801
80, 786
85, 181
92, 710
91,017
90, 917
Production total
thous. of bbl
87 539
Gasoline and naphtha from crude petro64. 685
68, 254
74, 958
82, 367
72, 556
75. 128
71, 350
79. 815
leum
thous. of bbl
80, 365
76, 939
13, 608
14, 586
14, 016
14, 246
15, 116
14, 254
15, 449
15. 002
15, 466
16, 476
Natural gasoline and allied products do
Sales of 1. p. g. for fuel, etc., and transfers
4,744
4,664
5,106
. 5. 597
5,150
4,403
4,201
5,374
4,350
4, 866
of cycle products
thous. of bbl
6,984
7,279
6,773
7,352
7,113
7,321
8, 510
7 506
9 302
8 520
Used at refineries
do
78, 739
89, 033
66, 908
63, 366
80, 348
94, 537
90, 170
91,707
86, 766
89, 126
Domestic demand
do
Stocks, gasoline, end of month:
124. 177
124, 924
119, 584
112, 915
116, 624
99, 423
106, 026
102, 769
97, 904
97, 844
Finished gasoline total
do
81,457
83, 399
76, 591
68, 403
73, 880
61, 771
56, 743
58, 891
At refineries
do
55, 676
55, 560
8,674
8,619
8,473
7,644
8,842
8,120
8,048
8, 286
7 844
7 920
Unfinished gasoline
do
7,
363
8,098
8,151
7,708
7,950
8,163
8,667
8,226
8,
581
8,730
Natural gasoline and allied products do
1
1
1,575
1,229
1,921
1,431
1,201
1,852
1, 452
i 997
i 1, 823
1, 853
Exports
_ _ do
Price, gasoline:
Wholesale, refinery (Oklahoma), group 3
.095
.096
.095
.097
.098
.101
.103
.104
.102
.104
dol. per gal_.
.138
.137
.137
.137
.142
.147
.142
.147
.145
.147
Wholesale, tank wagon (N. Y.)t-do
.199
.200
.200
.201
.203
.197
.202
.199
.205
.201
Retail, service stations, 50 cities
do
Aviation gasoline:
3,044
3,954
2,670
3,348
3,137
3.781
4,896
4,264
5,604
5,107
Production total
thous. of bbl
1,834
2. 335
1,806
2,728
2,944
2,859
4,152
3,320
3, 929
4,247
100-octane and above
do
8,026
7, 446
7,940
7,758
7,138
6,593
6,133
6,656
6,000
6, 579
Stocks, total
__ , do .
3,341
3,316
3,075
3,252
3,288
3,023
3,260
3,226
2,970
3.256
100-octane and above
do
Asphalt:
535, 100
602, 700
669, 800
929, 300 1, 043, 800 1. 173, 300 1, 246, 000 1, 197, 600 1, 140, 200
458, 700
Production
short tons
1, 027, 800 1, 140, 000 1, 238, 700 1, 326, 500 1, 298, 900 1,155,300 1. 051, 500 790, 000
742, 400
670, 200
Stocks, refinery, end of month
do
Wax:
79, 800
102, 200
104, 720
87, 920
101, 360
98, 840
113, 960
96, 320
114,800
Production
thous. of Ib
107, 240
144, 760
151, 760
133, 840
137, 760
140, 000
158, 480
151, 760
161. 560
145, 880
Stocks refinery end of month
do
135 240
Asphalt products, shipments:
3,255
4,447
3,538
3,816
5,820
6,146
6,934
5,866
6,641
Asphalt roofing, total
thous. of squares
6,161
Roll roofing and cap sheet:
979
936
821
883
1,108
1,181
1,351
1,127
1, 528
Smooth-surfaced
do
1,311
834
779
962
860
1,188
1,242
1,212
1,471
1,519
1,339
Mineral-surfaced
- - do
1,655
3,524
1,768
2.072
2,506
3,723
3, 595
3,527
4,113
3,510
Shingles, all types
__do ___
189
169
121
158
142
137
172
133
204
162
Asphalt sidings
- do
41, 485
35, 168
43, 746
45, 880
58, 543
61, 591
59, 299
58, 215
63, 200
54 435
Saturated felts
short tons
87, 322
90,945
76, 808
16, 256
80, 229
17,241
5,742
8 968
82, 718
6.525
9 Oil
80, 994
100 995
57, 934
8 010
7.636
1
1. 486
108, 669
64, 276
8 100
7, 355
1
2, 109
.104
.147
.202
.101
.147
.207
5 468
4, 198
7,215
3, 802
5 909
4, 8S3
7,220
3,744
875 500
785, 500
717 100
962, 400
120, 120
135 800
122 080
141 120
6,208
5, 183
5,259
1 535
1,455
3,218
208
57 613
1 388
1 159
2,636
167
54 759
1 352
1 241
2,666
202
71 675
T
0.104
.147
. 206
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128 cu. ft.)_
Consumption
do
Stocks end of month
_
do
Waste paper:
Receipts
-- short tonsConsumption
- do
Stocks end of month
do
WOOD PULP
Production:
Total all grades
thous of short tons
Bleached sulphate
short tons.Unbleached sulphate
- do
Bleached sulphite
_' _ _ do
Unbleached sulphite
- do
Soda
-- do
Groundwood
do
Defibrated exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
short tons__
Bleached sulphate
do
Unbleached sulphate
do
Bleached sulphite
do
Unbleached sulphite
do— _ Soda
- do
Groundwood
do
Exports, all grades, total
Imports, all grades, total
Bleached sulphate
Unbleached sulphate _
Bleached sulphite
Unbleached sulphite _
Soda
Groundwood
_
_._
do
do
do
do
do
do
do
do
r
r
r
r
1,753
1,884
4,753
1,662
1,768
4,675
1,735
1,936
4,473
1,387
1,860
3,999
1,523
1,977
3,542
1,836
1,983
3,392
1,968
1,864
3,491
2,326
2,093
3,724
2,042
1,982
3,780
2,083
2 160
3,704
2 113
2 108
3 704
2, 128
2 023
3 813
588, 946
589, 046
394, 077
557, 634
572, 188
372, 234
632, 344
651, 142
355, 615
604, 058
598, 526
363, 374
638, 275
640, 671
357, 892
639, 504
639, 505
354, 200
568, 893
560, 469
362, 209
711,910
732 001
348 450
688, 843
687 173
342 677
776, 402
756 727
377 351
751 411
752 065
362 549
736 814
715 176
385 402
r
1,182
139, 533
465, 997
173, 648
59, 534
45, 120
165, 152
74, 566
1,089
131,186
422, 223
160, 266
57, 025
42, 179
154, 439
71, 989
1,199
146, 640
453, 072
183, 146
64, 601
46, 096
174, 005
76, 188
1,162
139, 388
450, 022
172, 614
57, 232
44, 575
174, 672
76, 694
1,246
145, 529
489, 143
180, 213
59, 257
48, 300
187, 516
72, 943
1,219
146, 624
468, 571
172, 920
57, 643
47, 249
188, 297
79, 535
1, 164
144, 132
453, 963
160, 826
53, 735
41, 723
174, 729
76, 945
1 314
148, 996
512,519
187, 933
63 566
47, 382
193, 498
81 804
1 226
144, 773
468 025
171 788
63 712
43,949
186 878
82 153
1 369
177, 000
529. 945
192. 824
67, 324
38,063
204, 512
84, 1 24
1 327
168, 086
511 043
187 622
68 734
36 729
199 068
86 °49
1 251
162, 222
467 746
169 696
68 152
34 931
197 485
88 868
1 391
183, 559
523 113
195 142
67 624
38 681
219 027
95 000
107,
991
r
8, 788
r
8,
725
T
29, 683
15, 259
1,771
33, 984
108, 503
10, 470
8,206
26, 937
17, 203
1,456
34, 044
107, 733
9,926
8,463
25, 808
18, 615
1,414
33, 885
116, 491
12, 834
8,587
28, 125
17, 740
1,735
37, 697
112, 366
11,824
7, 367
26, 042
18, 555
1,483
37, 509
106, 942
12, 220
7,784
25, 667
13, 552
1,590
36, 325
103, 364
13, 526
8,782
21, 701
13, 313
1,314
35, 614
105, 487
13 696
9,512
24 558
12, 282
1, 830
33 580
93, 120
13 595
9 415
18 215
14, 290
750
31 077
90, 331
14 533
9,620
19 446
13, 787
500
29 309
88, 081
14 424
9 659
18 547
12, 854
683
29 842
81,974
10 162
9 708
13 534
12, 525
1 040
33 043
90, 291
10 515
9 441
19 957
12, 353
597
35 407
4,324
235, 996
31, 744
64, 496
50, 423
63, 260
2 566
22, 897
5,629
183, 312
39, 615
28, 325
51, 531
39, 898
2 683
20, 456
5,926
5,528
' 202, 675 150, 290
42, 620
30, 837
35, 007
22, 365
58, 575
48, 353
r
39, 005
28, 030
2 333
2 983
23, 973
18, 071
7,331
204, 391
48, 556
30, 980
56, 115
41, 189
2 833
24, 002
7,891
225, 369
40, 444
48, 899
59 980
r
44, 916
2 851
25 974
6,754
177, 749
29, 479
34, 330
47, 022
43, 018
2 707
20, 149
7,818
186, 225
35, 754
40, 953
46 193
34, 465
3 205
24, 891
1,881
936
859
86
1,796
898
810
87
1,813
939
784
90
2,184
1,062
1 002
120
r
r
10 223
192 495
29 312
r
34 382
58 365
44 997
2 868
21 708
6
207,
44
36
47
53
3
20
479
456
529
736
779
955
368
080
8
208
35
28
59
52
2
29
882
867
204
388
107
720
936
675
18
204
35
36
57
43
2
28
888
658
783
472
207
220
614
673
.
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
thous. of short tons.Paper (incl. building paper)
do
Paperboard
do
Building board
do
2,032
1,029
901
101
1,900
959
848
94
2,047
1,021
921
106
2,029
1,033
890
106
2,085
1,024
946
114
2,233
1,088
1 025
121
2,194
1, 061
1 015
118
2,102
1,042
945
115
1
'Revised.
Excludes "special category" exports not shown separately for security reasons.
fRevised series. Beginning with the October 1950 SURVEY, prices have been revised to exclude Federal and State taxes; comparable figures for 1935-49 are shown on p. 24 of the
January 1951 SURVEY.
SURVEY OF CURRENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-37
1951
1950
January
Febru-
ary
March
April
May
June
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association):!
Orders new
short tons
Orders, unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
do
Fine paper:
Orders new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks end of month
do
Printing paper:
Orders new
do
Orders, unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
do
Price, wholesale, book paper, "B" grade, English finish, white, f. o. b. milL.dol. per 100 l b _ _
Coarse paper:
Orders new
short tons
Orders, unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
do
Newsprint:
Canada (incl. Newfoundland):^
Production
_ . _
do
Shipments from mills
_
do
Stocks, at mills, end of month
do
United States:
Consumption by publishers
do
Production
_
do
Shipments from mills
do
Stocks, end of month:
At mills
do
At publishers
do
In transit to publishers
do
Imports
do
Price, rolls (New York)
dol. per short ton.,
Paperboard (National Paperboard Association) :
Orders, new
short tons _
Orders, unfilled, end of month
do
Production total
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surface area
Folding paper boxes, value:
New orders
- 1936 =100
Shipments
do
785, 948
509, 545
775 846
763, 256
341, 090
747, 742
519, 060
736, 448
738, 634
340, 315
858, 342
532, 895
840, 837
844, 503
336, 644
779, 468
540, 465
774, 868
772, 558
338, 950
810, 402
538, 304
814, 697
812, 556
341, 091
848, 656
564 355
817, 773
822, 024
338, 255
918, 164
760, 260
716,545
723, 630
330, 944
973, 952
876, 200
836 936
845, 246
322, 990
852, 625
913, 297
805 715
815, 574
313 665
870,
912,
866,
870,
305,
96, 268
41,525
93, 734
94, 033
84, 411
100, 628
50, 200
92 899
92, 368
86 350
113 260
56, 890
104 613
106, 569
84 395
95 020
55, 640
95 161
96, 270
83 285
108, 185
56, 225
105 620
107, 599
81 305
110, 740
61, 400
103, 702
106, 950
79 475
135, 210
110, 200
83, 785
86, 350
76, 910
149, 100
143, 200
111 513
116, 050
74 115
114
145,
106
111,
69
207
772
968
635
450
115, 272
147, 840
112. 411
113, 203
68 655
102, 065
138, 300
109, 573
111, 590
66, 635
104, 000
133, 300
106 000
109. 000
63 635
249 075
234, 200
244, 781
247, 125
113 660
290 232
238, 735
288, 1 23
285, 697
116 085
274 241
238, 419
275, 228
277, 572
116 766
293 215
258, 020
273, 049
273, 605
116 210
311 075
329, 000
238, 605
239, 675
115, 140
353 957
387, 500
286, 343
286, 188
116 335
307 738
414, 165
280, 260
281, 172
115 310
290, 525
406, 900
296, 343
297, 782
113, 870
284
395,
290,
296.
107,
284
398,
282,
281,
108,
281
232,
264,
259,
116
470
255
983
094
004
259
241,
260,
257,
119
798
750
469
445
110
578
860
392
994
900
814,
875,
846,
851,
300,
739
930
608
647
735
615
050
449
460
860
792,
862,
795
805,
290,
000
300
000
000
620
000
000
000
000
860
12.65
11.30
11.30
11.30
11.30
11.65
11.78
12.15
12.15
12.53
267, 149
163, 950
275 762
269, 794
85 850
262 560
161, 845
264 135
264, 665
85 320
304 000
161,610
300 675
304, 231
81 764
276 000
166,560
271 129
271, 048
81, 845
286
167,
291
285,
88
588
945
592
200
235
295 568
167, 350
296 290
296, 157
88 365
312,314
218, 870
258, 564
260, 790
86, 139
300
227,
286
289,
81
665
570
377
407
352
276, 858
227, 700
273, 620
276, 705
78, 265
298, 200
231, 200
292, 731
294, 692
76, 305
281, 370
224. 065
292, 323
288, 503
80, 125
260, 000
217, 000
262, 000
267, 000
75, 125
417,011
403, 013
135, 188
399, 247
376, 834
157, 601
451, 635
426, 960
182, 276
422, 774
425, 660
179, 390
459, 937
479, 560
159, 767
440, 967
440, 777
159, 957
439, 255
463, 339
135, 873
466, 443
417, 589
184, 727
437, 579
485, 165
137, 141
456. 443
465, 253
128, 331
450, 743
477, 708
107, 366
430. 551
448, 775
89, 142
453,019
423, 343
118, 818
345, 093
74, 275
76, 080
350, 906
69, 099
70, 756
396, 923
80, 571
79, 027
403, 801
82, 564
85, 340
401, 922
89, 719
86, 257
376, 482
88, 420
89, 928
336. 759
84, 280
83, 586
346, 795
90, 882
90, 955
373, 788
84, 564
83, 962
420, 786
89, 363
90, 837
407, 943
86, 080
83,241
398, 309
83, 780
86, 201
345, 552
92, 691
92, 991
9,009
355, 599
86, 039
376, 819
100. 00
7,352
328, 881
88, 593
347, 950
100. 00
8,896
318, 036
86. 765
385, 025
100. 00
6,120
284, 010
91, 075
369, 560
100. 00
9,582
288, 684
94, 187
487, 435
100. 00
8,074
303, 524
78, 935
441, 239
100. 00
8,768
339, 424
93, 140
415, 424
100. 00
8,695
376, 900
81, 095
367, 604
100. 00
9,297
372, 943
94, 271
* 419, 123
100. 00
7,823
356, 782
88 332
449, 183
100. 00
10, 662
334, 783
98, 499
385, 659
106. 00
8.241
328,018
96, 942
418, 044
106. 00
7,941
346, 258
93, 866
860, 300
337, 800
858, 800
88
802, 800
314, 600
817, 000
92
952, 600
371,800
908, 600
91
847, 100
343, 700
858, 300
92
964, 000
395, 500
934, 600
91
945, 400
394, 100
907, 600
94
983, 300 1, 204, 500
524, 400
729, 100
816, 900 1, 017, 300
82
100
5,260
5,147
6,112
5,685
6,081
6,073
5,840
7,401
7,010
7,384
7,064
6,857
441.7
449.0
435.2
432.7
529.5
521.6
443.0
456.1
502.6
495.5
536.0
526.3
580.3
422.8
873.5
597.8
725.8
614.4
713. 0
669.4
688.2
662.3
674.7
665.4
673
••522
151
829
619
210
846
671
175
1,107
872
235
892
695
197
774
566
208
850
650
200
766
618
148
962
816
146
1,138
877
261
1,028
811
217
1,157
915
242
64, 297
87, 146
72, 703
61. 281
87, 409
61, 153
69, 178
83,215
78, 740
51, 340
81, 658
73, 393
44, 290
87, 739
69, 261
r
11.30
11.30
11.65
977, 800 1, 039, 000 1, 019, 900
694, 700
722, 000
714, 900
954, 400 1, 023, 400 1, 012, 700
102
96
101
106.00
876, 700 1,177,200
617, 200
761,800
940, 500 1,056,600
95
102
7,577
PRINTING
Book publication
New books
New editions
total
number of editions
- - do-_
do
776
601
175
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
Stocks end of month
do
Imports including latex and guaytile
do
Price, wholesale, smoked sheets (New York)
dol. per lb_Chemical (synthetic):
Production
long tons
Consumption
do
Stocks end of month
do
Exports
do
Reclaimed rubber:
Production
do
Consumption
do
Stocks end of month
do
59, 992
108, 769
58, 261
56, 580
104, 477
54, 175
60, 859
101, 691
61, 481
57, 914
106, 124
76, 828
63, 813
100, 776
60, 187
63, 333
99, 457
77, 876
61, 402
93, 653
62, 004
r
.184
.195
.197
.238
.286
.309
.384
.521
.558
.638
.732
.714
27, 808
33, 966
92, 284
580
29, 336
31, 860
88, 381
596
33, 003
37, 647
86, 824
635
34, 821
38, 075
83, 440
777
37, 320
46, 398
74, 524
646
38, 569
48, 608
65, 346
634
43, 820
43, 687
67, 085
724
43, 950
50, 379
63, 654
631
44, 460
49, 550
59, 059
645
44, 690
54, 507
51, 751
678
48, 417
48, 261
51, 636
650
51, 999
52, 029
54. 509
749
19, 447
20, 106
27 319
20, 424
19, 741
27, 256
23, 037
22, 151
27, 602
22, 683
21, 318
28, 352
24, 876
24, 158
27 837
25, 869
25, 253
28, 470
24, 374
22, 377
30, 371
27, 312
26, 151
31, 793
29, 648
29, 250
33, 395
32, 685
32, 785
33, 530
30, 171
30, 260
33, 960
32, 005
29, 081
34, 359
6,827
5,913
3,094
2,703
116
11,366
124
6,691
6,216
3,247
2,870
100
11, 797
92
7,314
6,794
2,830
3,858
106
12, 355
96
7,583
7,526
2,975
4,438
112
12 341
89
8,629
8,521
3,119
5,296
106
12 367
94
8,469
10, 194
4,056
6,024
114
10 749
94
8 264
12, 040
3,884
8,049
107
7,005
*73
8,173
10, 610
4,093
6,399
117
4 801
*75
7,816
8,226
3,814
4,300
113
4,423
1
107
8,659
8, 709
3,782
4,774
152
4,382
1
108
7,514
7,504
3,213
4,140
151
4.454
1
152
6,811
7,573
3,245
4,199
130
3,770
1 116
6,764
6,961
3,035
3,812
114
3 552
5,629
5 312
10, 926
49
5,803
5 610
11 059
50
6,223
5 733
11 432
51
6,285
6 094
11 710
57
7,089
6 688
12 110
48
7,537
8 459
11 248
55
6,916
9 629
8 422
33
7 244
9 209
6 619
33
7,074
7 556
6 129
50
7 988
7 418
6*400
68
6 713
6 135
6 963
102
6 111
6 423
Q 608
77
5 950
6 595
5 852
0. 735
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export
Stocks, end of month
Exports
Inner tubes:
Production
__
Shipments
^tocks end of month
Exports
r
-
_
thousands
do
do _
do
do
do
do
do
do
do
do
Revised. * Excludes "special category" exports not shown separately for security reasons.
cf Data for 1937-48 (incl. Newfoundland) are shown on pp. 22 and 23 of the May 1950 SURVEY. Further revisions for stocks at mills, end of December, are shown at bottom of p. S-37 of
.the June 1950 SURVEY.
fRevised data for 1948 are shown on p. 23 of the May 1950 SURVEY. -
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1950
January
February
March
April
May
June
1951
July
August
September
October
November
December
January
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments reams
145, 157
144, 609
157, 524
154,385
165, 746
165, 781
151, 278
258, 575
206, 809
197, 500
177,371
155, 823
15, 202
70
9,632
20, 275
6,141
13, 115
67
9,824
23, 583
7,454
14, 301
66
14, 669
23, 216
8,821
18, 134
85
18, 424
22, 936
8,626
19, 941
90
22, 834
20, 050
8,142
20, 001
93
24. 749
15,298
7,346
20, 709
94
23, 167
12,848
6,388
21, 884
99
25, 144
9,608
4,900
20, 945
98
22,910
7,642
4,029
22, 481
102
24, 167
5, 945
2,852
20, 226
95
19, 791
6,382
2,962
19, 116
87
12, 477
13, 021
4,012
377, 675
345, 485
345, 731
322, 320
397, 905
433, 81 6
448, 513
512, 242
550,420
592, 472
573, 586
626, 933
560, 839
583, 436
622. 664
652, 581
635, 594
639, 342
586, 505
577, 088
491,267
451 413
PORTLAND CEMENT
Production
_ _ _ _ _ thous. o f b b L
Percent of caoacitv
Shipments
"
'
thous . of bbl . .
Stocks, finished, end of month
do
Stocks, clinker end of month
do
1 7, 433
79
12. 237
18, 215
5,476
CLAY PRODUCTS
Brick, unglazed:
Production
thous of standard brick
Shipments
do
Price, wholesale, common, composite, f. o. b. plant
dol. per thous..
Clay sewer pipe, vitrified:
Production3
short tons
Shipment*
do
Structural tile, unerlazed:
Production
do
Shipments
do
-as
585, 205
610, 795
24. 035
24. 103
24. 152
24. 225
24. 475
24. 721
25. 032
25. 208
25. 616
25. 866
26. 057
108, 580
92, 740
105, 032
85, 668
121,935
113,060
87, 639
102, 099
126,921
145, 275
143, 053
156, 376
135 856
150, 109
151,853
159, 106
153. 180
149, 181
152, 525
152, 593
131. 197
128, 038
127 739
114, 321
97,456
79,119
91,124
83, 238
100, 988
104, 774
98, 995
111.465
117,313
126, 632
119,300
126, 601
118, 089
124, 465
119.119
135, 112
115, 506
120, 173
118, 702
118,733
106. 627
105, 786
97, 247
89, 249
7, 952
7,379
7,290
6,748
8,204
8,129
8, 420
7, 649
9,377
9, 371
9,125
9,045
8,870
9,141
9,133
11, 132
8,673
10, 437
10,612
8,967
9,451
8,104
- 9, 321
9,153
' 26. 368
26. 507
GLASS PRODUCTS
Glass containers:
Production
,
thous. of gross. .
Shipments, domestic, total
__
do
General-use food :
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers')
thoUS of 2TOSS
Beverage (returnable and nonreturnable)
thous of gross
Beer bottles
do
Liquor and wine
do
Medicinal and toilet
do
Chemical, household and industrial
do
Dairy products
do
Fruit jars and jellv glasses
do
Stocks, end of month
do
Other alassware, machine-made:
Tumblers:
Production
thous. of dozens
Shipments
.____-. .
do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of dozens. .
640
1
2, 291
775
876
1,274
819
1, 968
2,111
1,871
2 217
2, 375
290
263
785
1,809
667
253
592
475
964
1, 856
633
228
154
10, 006
841
632
993
2,158
730
272
253
9,714
680
1
844
1,170
1,572
953
2 476
3 204
2 672
i 2 474
1 064
715
908
1,849
724
280
312
9, 382
845
700
1,095
1,909
649
290
8,931
492
669
1,551
2 501
819
385
342
6,743
305
582
1, 343
2 576
822
369
197
4, 865
1
10, 279
9,452
669
786
2.145
i 2 272
340
563
1,275
2 228
779
354
(i)
6,123
325
459
1,257
2, 235
687
327
(i)
7,079
654
532
1,317
2 397
791
404
(i)
6, 776
7,286
1
231
325
826
2,127
669
256
U4
9,352
9,595
479
451
1, 140
2,062
771
277
64
9,454
6,125
4,981
9, 825
5,578
5, 552
9,820
6,061
6, 251
9.642
6,515
6,168
9; 938
6,591
6, 223
10, 237
5,635
5,699
8, 719
5,209
5,264
8,667
6,548
7,222
8,091
5, 925
6,070
8,118
6,994
5,498
8,877
5,876
6,107
9,593
5,702
5, 253
9,887
6,959
6,831
9,602
2,644
3,179
3,900
3,266
3,394
3,117
2, 530
3,671
3,356
3,846
3,313
3,218
3,667
r
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous of short tons
Production
do
Calcined, production, quarterly total
do
Gypsum products sold or used, quarterly total:
Un calcined
short tons
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building plasters
do
Lath
thous. of sq. ft..
TiJe
do
Wallboardd"
do
Industrial plasters
short tons
414
1, 642
1,574
r
704
1, 923
1,768
r i 105
2 199
2 047
967
2 355
1 948
424, 291
546, 147
573 262
626 833
459, 766
13, 066
112, 638
610, 422
8,807
723, 786
584, 766
13, 642
136, 521
659, 876
10 765
725, 128
693 948
15 863
156 429
761, 573
13 449
759 260
595
15
147
754,
12
807
55, 154
67, 088
66 674
988
200
409
849
012
734
74 208
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production _ _ __
thous. of dozen pairs
Shipments
_
do
Stocks, end of month
do
' 13, 592
' 13, 124
24, 606
13, 042
12, 950
24, 714
14, 072
14, 126
24, 578
12, 231
11, 480
25, 364
12, 530
11,125
26, 794
12, 573
11, 926
28, 613
10, 090
11, 121
27 582
15, 592
16 449
26 725
13, 779
15 566
24 937
14 748
15 794
23 892
14 954
14 752
24 093
12 851
11 887
25 058
14 971
14 637
25 789
COTTON
Cotton (exclusive of linters) :
Production:
2
3 q p.'jo
Ginnings§
thous. of running bales
15, 636
15, 909
283
864
2 770
6 459
8 793
9 ^00
Crop estimate, equivalent 500-lb. bales
2 16, 127
thous. of bales. _
4 9 §g4
Consumption!
bales
739, 482
900, 126
841, «68
729, 738
710, 662
718, 826
606 878
807 840
968 484
835 155 1 008 872
784 057 1 040 891
Stocks in the United States, end of month,
O «Q1
total!
thous. of bales
14, 289
12, 971
11, 454
9,159
10, 287
7,463
6 846
15 087
13 771
12 681
11 366
10 174
11,316
14, 194
12, 869
9,038
Domestic cotton, total
_
do
10, 153
7,355
6,749
15 001
13 695
12 613
11 311
10 117
8 638
1,149
1,024
642
On farms and in transit
__do
1,785
988
2,401
350
9,374
7 643
4 816
2 538
1 512
792
9, 312
Public storage and compresses
do
8,375
7,490
6, 484
5,357
10, 085
5 161
4 545
4 871
6 358
6 984
6 651
5 626
1,791
1,772
1,676
1,356
Consuming establishments
_ do __
1,708
1,529
1,082
1,238
1 181
1 439
1 789
1 955
2 220
139
94
102
121
Foreign cotton, total. _ _
do
133
108
98
86
76
68
54
^7
44
l
r Revised.
Data for wide-mouth food containers include jelly glasses
in
January,
February,
and
July
1950,
and
both
jelly
glasses
and
fruit
jars
beginning
October
1950
2 Total ginnings of 1949 crop.
3 Ginnings to January 16, 1951. 4 December 1 estimate of 1950 crop.
cf Includes laminated board, reported as component board.
§ Total ginnings to er-d of month indicated.
1 Data for March, June, September, November 1950, and January 1951 cover a 5-week period and for other months, 4 weeks; stock data are for end of period covered.
SURVEY OF CUBKENT BUSINESS
March 1951
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
S-39
1951
1950
January
February
March
April
May
June
July
August
September
October
November
December
January
TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters)— Continued
Exports
.
_
_
bales
Imports
do
Prices received by farmers
cents
per
Ib__
Prices, wholesale, middling, l5/\&", average, 10
markets
_._
cents per Ib
Cotton linters :J
Consumption
thous. of bales
Production
_
_ __do .__
Stocks, end of month
do
528, 316
10, 982
26.5
654, 948
70, 575
27.5
685, 775
62, 076
28.1
470, 653
8,456
28.7
539, 105
2,513
29.2
740, 533
1 490
29.9
264 982
2 332
33.1
355 975
4 730
37.0
372 381
22 732
40.0
283 816
11 889
38.9
371 870
9 118
41.1
448 561
6 407
40.4
41.3
31.0
32.0
31.9
32.5
32 9
33 8
37 1
38 1
40 7
39 8
42 2
42 6
44 2
131
107
580
134
78
546
138
58
610
112
49
436
149
68
340
194
132
337
129
207
409
118
189
461
110
145
518
116
r
135
193
572
128
158
580
36 503
2,845
34 970
4,283
2,449
49 266
7,481
52 840
4,952
51 428
5.042
2,401
r 52 322
4,596
35 935
1 905
45 633
2 918
T
2, 398
r 50 973
2*570
T 50 162
2 796
45 715
4 608
2, 639
53 549
3 593
37.90
30.3
16.6
17.2
37.52
30.3
16.0
17.4
36. 72
30.3
15.2
17.2
33. 10
30.3
14 0
17.2
31.74
30.3
14.2
17.2
31 66
31 8
15 1
17 2
35 96
32 6
17 5
18 5
43 58
34 5
19 8
21 8
48 69
36.0
22 4
23.8
49 36
36.4
21 5
24.5
48 39
37.8
21 9
24 8
50 21
38 3
22 5
25 0
50 12
38.3
22 9
25.0
.647
.823
.632
.823
.627
.821
.620
.799
.602
.778
.605
.786
671
.840
776
.925
.833
1.007
851
1.072
.877
1.147
.887
1.166
.917
1.172
21,463
20, 21 7
9,663
496
9,091
133.0
21, 663
20, 417
9,765
496
9,181
133.4
21, 596
20, 340
11, 808
472
11, 130
127.3
21, 301
20 048
9,299
473
8, 764
127.8
21, 458
20, 229
9,467
473
8, 935
128.1
21, 474
20 221
11, 076
452
10, 435
123.0
21, 845
20 540
10, 333
517
9 711
140.2
21, 945
20 609
12, 638
516
11,860
139.7
22, 149
20, 758
10, 713
542
10, 041
146.9
22, 153
20 751
12, 979
530
12, 171
143.2
22, 084
20 730
9,942
523
9 376
141.3
22, 292
20 900<
13, 273
542
12, 459
145. &
78 0
24.0
71 5
22.5
80.9
25.4
70 2
23.3
76 8
25.5
78 0
24 5
79 7
25 8
85 1
27 6
79 0
25.5
14.6
3.3
4,016
13.3
3.3
4, 969
12.3
3.6
6,710
14.2
4.4
5,171
15.6
5.5
8,076
14 4
5.9
7,323
13 1
4 6
6 653
10 5
3.9
7,463
.710
.350
.710
.350
.710
.350
.710
.350
.710
.350
732
355
.740
.370
r
156
147
561 .
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterly __mil. of linear vards
Exports
thous of sq yd
Imports
do
Prices, wholesale:
Mill marginsj
cents per Ib
Denims, 28-inch
do
Print cloth, 38^ -inch, 64 x 60
do
Sheeting, unbleached, 36-inch, 56 x 60 do
Cotton yarn, Southern, prices, wholesale, mill:
22/1, carded, white, cones
dol. per Ib
40/1, twisted, carded, skeins
.do
Spindle activity (cotton system spindles) :f
Active spindles, last working day, total, -thous. _
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total _mil. of hr_.
Average per working day cfLdo_ _
Consuming 100 percent cotton
do
Operations as percent of capacity
_ __ _
21, 794
20 525
7,754
408 '
7 284
110 9
RAYON AND MANUFACTURES AND SILK
Rayon yarn and staple fiber:
Consumption:
Filament varn
mil. of Ib
Staple
fiber
do
Stocks, producers', end of month:
Filament yarn
do
Staple
fiber
do
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol. per Ib
Staple fiber, viscose, 1^3 denier. _ _ _
do
Rayon broad-woven goods, production, quarterly
thous. of linear yards
Silk, raw:
Imports
thous. of Ib
Price, wholesale, Japan, white, 13/15 (N. Y.)
dol. per lb__
WOOL
Consumption (scoured basis) :§
Apparel class
_
thous. of I b .
Carpet class
__ _
do
Imports
do
Prices, wholesale, Boston:
Raw, territory, 64s, 70s, 80s, scoured- _dol. perlb__
Raw, bright fleece, 56s, greasy
do
Australian, 64s, 70s, good topmaking, scoured, in
bond
dol. per Ib
.710
. 350
T
551, 842
590, 690
82 5
25 4
T
10.0
2.8
8,960
' 10 5
'3 7
12 457
r
.755
.370
r
80 5
25 6
86 9
29 4
11 2
r
35
12 958
6 1
2.0
11 845
.760
.370
.760
.370
.770
.400
r
569 460
600 952
539
617
628
669
705
744
1 033
902
1,307
1 500
1 152
727
2.72
2.71
2.65
2.65
2.68
2.68
3.05
3.42
3.40
3.51
3.72
4.11
31,352
15,716
77, 891
34, 684
15,724
74, 651
41, 730
19, 765
66 630
31, 108
16, 652
56, 964
32, 468
16, 204
54, 879
39, 765
18, 445
55, 249
28, 816
9 608
68 773
38, 948
15, 768
74, 833
44, 390
18, 360
56, 832
38, 004
16, 704
49 254
r 38, 695
18 330
51 584
28, 980
14 364
42 994
1.588
.559
1.625
.570
1.625
.570
1.629
.564
1.698
.620
1.760
.678
1.800
702
2.045
.778
2.481
.892
2.469
.909
2.540
.973
1.465
1. 575
1.575
1.600
1.715
1.775
1 775
1. 965
2.725
.780
.400
l 2. 515
i 2. 560
5.16
i 2. 650
1. 131
1
1
1
1
1
2. 600
3, 340
1. 420
3. 240
WOOL MANUFACTURES
Machinery activity (weekly average) :§
Looms:
Woolen and worsted:
105
86
83
102
119
86
86
106
87
133
Pile and Jacquard
thous. of active hours
77
70
2.172
2,346
2, 502
2,096
2.136
2,391
2,188
2,214
2, 175
r 2, 346
Broad
do
1 933
2,281
18
27
25
29
27
27
30
17
13
28
Narrow
do
15
26
Carpet and rug:
160
172
172
159
166
169
162
154
170
177
160
Broad
_do
101
81
82
83
83
92
85
87
85
76
87
79
51
Narrow
do
Spinning spindles:
96. 134
87, 513
r 78, 103
79, 834
79, 582
85, 662
85,011
77, 269
91,915
76, 353
77, 597
74, 410
Woolen
do
115, 302
115, 284
101,863
102, 418
104, 027
102, 973
103, 917
100, 746
120, 695 * 110, 948
85, 975
93, 207
Worsted
do
r
233
227
191
191
186
233
209
207
187
185
176
167
Worsted combs
do
Wool yarn:
81, 815
63, 320
74, 610
60.516
69, 848
69, 736
* 76, 480
77, 555
60, 324
59, 696
56 780
51, 064
Production total§
thous. of Ib
r
8,384
9,585
6,784
6,664
7, 832
7, 835
6,468
8, 105
8,725
5,964
6,096
6,628
Knitting^
_
do
r
W"eaving§
do
44, 796
40, 012
46, 495
36, 832
52, 970
44, 180
48, 075
49, 380
34 796
37, 908
34 860
37, 496
r
20, 300
16, 524
15, 752
17, 216
19, 260
17, 724
15, 356
19, 450
16, 668
16, 104
20, 280
10, 240
Carpet and other§
do
Price, wholesale, worsted yarn (Bradford
2.975
2.975
2.975
3.665
4.175
2.975
2.975
4.125
4.175
2.975
2.975
2.975
4.754
weaving svstem) 2/32s
dol. oerlb-r
l
Revised.
Nominal price.
IData for March, June, September, November 1950 and January 1951 cover a 5-week period and for other months, 4 weeks; stock data and number of active spindles are for end of period
covered.
{Scattered monthly revisions beginning 1944 (to incorporate new quotations for two constructions previously included at OP A ceiling prices) are available upon request.
cf Substituted series. See note marked "c?" at bottom of p. S-39 of the July 195C SURVEY.
§ Data for the third month of each quarter and for November cover a 5-week period; other months, 4 weeks.
SURVEY OF CUREENT BUSINESS
S-40
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey
March 1951
1950
January
February
March
May
April
June
1951
July
August
September
October
November
Decem-.
ber
January
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES— Continued
Woolen and worsted woven goods, except woven
felts:
Production, quarterly, total
thous. of lin. yd-.
Apparel fabrics total
do
Government orders
do
Other than Government orders total do
IVEen's and boys'
do
Women's and children's
do
Unclassified
do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, f. o. b. mill:
Suiting, unfinished worsted, 13 oz__dol. per y d _ _
Women's dress goods, flannel, 8 oz., 54-inch
dol. per yd..
108,149
90, 956
2. 508
88, 448
42, 120
40, 737
5, 591
5, 112
12, 081
111,647
92, 890
1,843
91, 047
45, 709
40. 079
5,259
6, 555
12, 202
'•115,875
i 296, 743
1, 269
r2
92, 849
T
41
093
r
47 294
4 462
r
r
1
12, 850
122, 105
100,
679
2
4 575
2
92 704
43 160
45 Oil
4 533
6 693
14 733
3.069
3.069
2.995
2.970
2.970
3.094
3.255
3.440
4.084
4.306
4.306
4.306
4.306
2. 475
2. 475
2.475
2.475
2.475
2.475
2.524
2.624
2.772
2.846
2.846
2.846
2.846
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft shipmentso*
ExportsJ
r
167
39
225
52
326
52
329
56
377
68
369
47
321
94
354
48
301
84
204
40
581, 362
219
194
487, 824
475, 495
93, 319
84, 374
475, 465
133
128
385, 361
377. 185
89, 971
80, 939
580, 662
199
170
469, 618
461.119
110, 845
99, 811
559, 311
268
234
455, 193
446, 524
103, 850
• 93,294
696, 893
412
323
575. 518
563, 119
120, 963
108, 997
856, 615
598
349
720, 688
702. 935
135, 329
120, 233
706, 702
397
291
595, 067
581, 069
111,238
98, 603
818, 123
457
374
682, 782
669, 550
134, 884
121, 303
722. 842
423
345
616, 827
602, 423
105, 592
93, 378
760, 566
553
502
651, 169
635, 544
108, 844
97, 116
603, 567
584
507
504, 445
490, 855
98, 538
80, 832
r
20, 387
8, 631
Ml, 756
T
25, 150
r 12, 979
12, 171
24, 807
12, 775
12, 032
*• 24, 927
11, 286
«• 13, 641
T
r
r
r
r
number
do
305
85
242
54
MOTOR VEHICLES
Factorv sales, total
Coaches, total
Domestic
Passenger cars, total
Domestic
Trucks, total
Domestic
__
_
_
number
do
.
do
do
do __
_ do ._
do
r
Exports, totalj
Passensrer cars
Trucks!
do
do
do
15, 531
8,914
6,617
18, 268
8,644
9,624
17, 639
8,134
9,505
17, 257
6,758
r 10, 499
Truck trailers production total
Complete trailers
Vans
AL!! other
Chassis shipped as such
Registrations:
New passenger cars _ .
.
]\"P\^ commercial fprs
do
do
do
do
do
3, 083
2,969
1, 842
1,127
114
3,493
3,348
2, 123
1.225
145
4,395
4.183
2,523
1,660
212
4,385
4,192
2, 528
1,664
193
4.867
4, 650
2,782
1,868
217
5, 532
5, 337
3,203
2,134
195
381,562
67, 925
408, 990
71, 698
495, 885
96, 266
471,215
92, 241
488, 363
90, 786
583, 937
91,512
609, 926
117, 040
. 2,395
1,006
1,006
1,389
61
61
61
0
2,051
922
917
1,129
64
64
64
0
1,712
830
830
882
87
87
87
0
983
235
223
748
82
82
82
0
2,193
1,211
1,211
982
113
113
113
0
4,074
3,365
3,165
709
106
106
106
0
1, 745
1,742
1,739
1,733
1,728
141
8.1
17. 766
4, 550
13, 216
139
8.0
25, 647
8, 455
17, 192
128
7.4
27,011
1C, 715
16, 296
127
7. 4
30. 170
13, 766
16. 404
128
7.4
40, 405
24, 338
16, 067
3,454
12.2
3,498
12.5
3,407
12.3
3,308
12.1
12
0
12
1,130
1,130
0
12
0
12
1,099
1,099
0
11
0
11
1,088
1,088
0
102
48
54
48
2
46
199
180
19
183
146
37
do ._
do
3
5, 798
33 5, 605
3,
316
3
2,3 289
193
3
3
3
3
22, 724
10, 906
Ml, 818
3
3
3
3
r
23, 070
12, 399
10, 671
27, 546
13, 826
13, 720
r
640, 925
664
601
r
521, 371
' 507, 120
'r 118, 890
103, 522
606, 833
661
631
478, 589
459, 567
127, 583
109, 262
23, 976
11,481
12, 495
6, 770
6, 533
3, 944
2,3 589
237
6 741
6,504
3,969
2, 535
237
6 366
6,124
3,937
2,187
242
683, 995
126, 533
625, 755
113, 750
580, 373
101, 169
444, 193
84, 142
552, 259
3,474
2,148
2,148
1,326
94
93
93
1
5,203
2,787
2,787
2,416
104
102
102
2
5,131
2,395
2,395
2,736
70
63
63
7
5,501
2,444
2,444
3,057
71
71
71
0
5,791
3, 352
3,352
2,439
58
58
58
0
5,701
3, 966
3,965
1, 735
54
54
54
0
5,949
4,405
4, 405
1,544
26
26
21
0
1,724
1,722
1,719
1,719
1,717
1,717
1,718
1,719
118
6.9
39, 360
21, 936
17, 424
123
7.1
62, 124
37, 342
24, 782
108
6.3
76, 582
48, 220
28, 362
102
5.9
94, 557
63, 485
31, 072
98
5.7
107, 994
76, 279
31,715
93
5.4
110, 781
79, 493
31, 288
89
5.2
109, 174
78, 137
31, 037
86
5.0
126, 438
91.431
35, 007
3,217
11.9
3,086
11.7
3,166
12.1
3,239
12.4
3,218
12.4
3,135
12.3
3, 111 '
12.2
3,114
12.3
3,257
13.0
10
0
10
1,101
1,101
0
9
0
9
1,000
1,000
0
23
0
23
977
977
0
22
0
22
1,110
1,110
0
21
0
21
1,367
1,367
0
20
0
20
1,419
1,419
0
19
0
19
1,504
1,504
0
17
0
17
1,640
1,640
0
16
0
16
1,628
1,628
0
21
0
21
1,620
1,620
0
107
55
52
54
0
54
81
3
78
48
5
43
69
10
59
53
8
45
61
8
53
56
0
56
32
1
31
47
4
43
229
196
33
204
172
32
203
183
20
268
238
30
199
177
22
237
216
21
263
234
29
290
255
35
242
218
24
291
271
20
6, 614
6, 435
3, 735
2,3 700
179
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
Freight cars, total
_ __
number
Equipment manufacturers, total
do
Domestic
_
do
Railroad shops, domestic _ •
do
Passenger cars, total
do
Equipment manufacturers, total
do
Domestic
do
Railroad shops, domestic
do
Association of American Railroads:
Freight cars (class I), end of month :§
Number owned
thousands. _
Undergoing or awaiting classified repairs
thousands. _
Percent of total ownership O
Orders, unfilled
_ _
number
Equipment manufacturers ___ ..
do
Railroad shops
do
Locomotives (class I) , end of month :
Steam, undergoing or awaiting classified repairs
number _.
Percent of total on line
Orders, unfilled:
Steam locomotives, total
number .
Equipment manufacturers
do
Railroad shops
do
Other locomotives, total
do
Equipment manufacturers _ . __ do _ _
Railroad shops
do
Exports of locomotives, total
Steam
Other
INDUSTRIAL
Shipments, total
Domestic
Export
do
do
do
4
4
4
4
ELECTRIC TRUCKS AND
TRACTORS
__
__
r
Revised.
1
number. _
do
do
440
393
47
Includes yardage, containing from 25 to 50 percent wool, not distributed between government and nongovernment orders as follows: Fourth quarter, 3,400,000 linear yards; third quarter,
2,625,000.
2
Not comparable with earlier data; see note 1.
3
Beginning July 1950, the industry coverage has been increased by approximately 7 percent.
* See note marked O.
cf Publication of data for military shipments and the total, formerly shown here, has been discontinued by the Civil Aeronautics Administration.
{Excludes "special category" exports not shown separately for security reasons.
§Not including railroad-owned private refrigerator cars.
OData represent freight cars awaiting repairs as a percent of total ownership (revised figures on the new basis for May-October 1949 were published Beginning in the July 1950 SURVEY);
figures shown through April 1949 represent freight cars awaiting repairs as a percent of total on line.
u. s. G O V E R N M E N T P R I N T I N G O F F I C E : issi
-INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids.......?.
24
Advertising
7, 8
Agricultural income and marketings
2
Agricultural wages, loans
15
Aircraft
11,12,14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
2,27
Aluminum
33
Animal fats, greases
25
Anthracite
2, 5,11,13,14,15, 34
Apparel, wearing
4, 5, 8, 9, 11, 12, 14, 15, 38
Armed forces
10
Asphalt and asphalt products
36
Automobiles
2, 3, 7, 8, 9,11,12,13,14,18, 21
Balance of payments
20
Banking
15,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages, alcoholic
2, 8, 27
Bituminous coal
2, 5,11,13,14,15, 34,35
Boilers
33,34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass
33
Brick
5,38
Brokers' loans
16,19
Building construction (see Construction).
Building contracts awarded
6
Building costs
7
Building materials, prices, retail trade
5,7,8,9
Business, orders, sales, inventories
3,4
Businesses operating and business turn-over—
4
Butter...
27
Candy
.... 29
Cans, metal
33
Capital
flotations
18,19
Carloadings
22,23
Cattle and calves
_
29
Cement
2,5,38
Cereal and bakery products, price
5
Chain-store sales
9
Cheese
—
27
Chemicals
2, 3, 4, 5, 12,14, 15,18, 21, 24
Cigars and cigarettes
30
Civil-service employees
12
Clay products (see also Stone, clay, etc.)
2.38
Clothing.
5, 6, 8, 9,11,12,14,15,38
Coal
2, 5,11,13,14,15, 34,35
Cocoa
._
_.
29
Coffee
.
22,29
Coke
2,35
Commercial and industrial failures
.,
4
Construction:
Contracts awarded
6
Costs
„
7
Dwelling units started
7
Employment, wage rates, earnings, hours..
11,
12,13,14,15
Highway
6,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1,8
Consumers' price index
5
Copper
21,33
Copra and coconut oil
25
Corn
19,28
Cost-of-living index (see Consumers' price
index)
5
Cotton, raw, and manufactures
2, 5, 6, 21, 38,39
Cottonseed, cake and meal, oil
25
Crops
2, 5, 25, 27, 28, 30, 38
Currency in circulation
18
Dairy products
Debits, bank
Debt, short-term, consumer
Debt. United States G overnroent
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments and rates
Drug-store sales
Dwelling units started
2, 5,14, 27
15
16
17
9, 10, 16
_ 15,16,18
13
27
1,18, 20
8,9
7
Earnings, weekly and hourly
13,14,15
Eggs and poultry
2, 5, 29
Electric power, production, sales, revenues....26
Electrical equipment
3,4,7,34
Employment estimates
10,11,12
Employment indexes
12
Employment security operations
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
25
Exports (see also individual commodities)
21
Express operations
22
Factory employment, payrolls, hours, wages.. >
11,
12,13,14,15
Failures, industrial and commercial
4
Farm income and marketings
2
Farm products, and farm prices.
2,5
Farm wages
15
Fats and oils
_ _ . 5,25,26
Federal Government,
finance
16,17
Federal Reserve banks, condition of
15,16
Federal Reserve reporting member banks
15,16
Fertilizers
5,24
Fiber
products
34
Fire losses
7
Pages marked S
25,29
_
25
31,32
28
__
2,
3,4, 5, 7, 8, 9, 11, 12,14, 27, 28, 29, 30
Footwear
2, 5, 8, 9,12,14,15, 31
Foreclosures, real estate
7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21,22
Foundry equipment
34
Freight carloadings, cars, indexes
22, 23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
2, 5, 21, 27
Fuel equipment and heating apparatus
33,34
Fueloil___
35
Fuels
2,5,35
Furs
22
Furnaces
34
Furniture....
2,5,8,3,11,12,13,14
Gas, customers, sales, revenues
26
Gasoline
36
Glass and glassware (see also Stone, clay, etc.). 2,38
Generators and motors
34
Glycerin
24
Gold____
18
Grains
_ 5,19, 21, 28
Gross national product
1
Gypsum
38
Heating and ventilating equipment
33,34
Hides and skins
5, 22,30
Highways
_ 6,7
Hogs
29
Home Loan banks, loans outstanding
7
Home mortgages
7
Hosiery
6,38
Hotels
_
11,13,14, 15,23
Hours of work per week
12,13
Housefurnishings
5,8,9
Housing. ...
5, 6,7,8
Immigration and emigration
23
Imports (see also individual commodities)
21,22
Income, personal
1
Income-tax receipts
0 16
Incorporations, business, new
4
Industrial production indexes._
2,3
Instalment loans
16
Instalment sales, department stores
10
Insulating materials
34
Insurance, life
17,18
Interest and money rates
16
International transactions of the U. S
20, 21, 22
Inventories, manufacturers' and trade
3,9,10
Iron and steel, crude and manufactures
2,
3, 4, 6, 11,12, 13,14, 21, 32, 33
Jewelry, sales, inventories, sale credit
8, 9,16
35
Kerosene
Labor disputes, turn-over.
13
10
Labor force
Lamb and mutton
._
29
29
Lard
Lead.
33
Leather and products..
_ 2,3, 4, 5, 12,14, 30, 31
Linseed oil,
..
25
Livestock
2,5,29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit).
7,15, 16,17,19
Locomotives
40
Looms, woolen, activity
39
Lubricants
35
Lumber
2, 5, 11, 12,13,14, 31, 32
Machine activity, cotton, wool
39
Machine tools
34
Machinery
2, 3, 4,11, 12, 13, 14, 18, 21, 34
Magazine advertising
8
Mail-order houses, sales
10
Manufacturers' sales, inventories, orders
3,4
Manufacturing production indexes
2,3
Meats and meat packing
2, 5, 11,12, 14, 29
Metals__
2, 3, 4, 6, 11, 12, 13, 14, 15, 18, 32, 33
Methanol
_
24
Milk
___
27
Minerals
_
2, 3, 13, 14, 15
Money supply
18
Mortgage loans
7,15,16
Motor fuel.
_._
_._^
36
Motor vehicles
3, 8, 9, 40
Motors, electrical
34
National income and product
1
Newspaper advertising
8
Newsprint
22,37
New York Stock Exchange
19,20
Oats
28
Oil burners
34
Oils and fats
5,25,26
Oleomargarine
26
Operating businesses and business turn-over. _
4
Orders, new and unfilled, manufacturers'
4
Paint and paint materials
5,26
Paper and pulp
2, 3, 6,11,12, 14, 36, 37
Paper products
2,3,4,36,37
Passports issued
23
Payrolls, indexes
12
Personal consumption expenditures
8
1
Personal income
1
Personal saving and disposable income.
2,
Petroleum and products.
3, 4,5,11,12,13, 14,15, 21, 22, 35, 36
Pig iron
32
Fish oils and
Flaxseed.
Flooring
Flour, wheat
Food products
_____
fish
Pages marked S
Plant and equipment expenditures
1
Plastics and resin materials, synthetic
26
Plywood
31
Population
10
Pork
29
Postal business..
8
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumers' price index
5
Received and paid by farmers
5
Retail price indexes
5
Wholesale price indexes
_
5,6
Printing.
2,3,4,11,12, 15,37
Profits, corporation
18
Public utilities.
1, 5, 11,13,14,15, 17,18, 19, 20
Pullman Company
23
Pulpwood
_
36
Pumps
34
Purchasing power of the dollar
6
Radio advertising
7
Railways, operations, equipment, financial statistics, employment, wages
1,
11,12,13,14,15,17,18,19, 20,22, 23,40
Railways, street (see Street railways, etc.).
Rayon and rayon manufactures
2, 6, 39
Real estate
7
Receipts, United States Government
16
Reconstruction Finance Corporation, loans
17
Refrigerators
34
Rents (housing), index
5
Retail trade, all retail stores, chain stores, department stores, mail order, rural sales, general merchandise
3,4,8,9,10
Rice
_
28
Roofing and siding, asphalt
36
Rosin and turpentine
24
Rubber, natural, synthetic, and reclaimed,
tires and tubes
22,37
Rubber industry, production index, sales, inventories, employment, payrolls, hours,
earnings
2,3,4,12,14,15
Rye
_
28
1
Saving, personal.
Savings deposits
.
16
Securities issued
18,19
Service industries
8,11
Sewer pipe, clay
38
Sheep and lambs
•__
29
Shipbuilding
11,12, 13,14
Shoes
2, 5, 8, 9,12,14, 15,31
Shortenings
26
Silk, imports, prices.
6, 22,39
Silver
_
18
Skins
.__ 5, 22,30
2,
Slaughtering and meat packing
11,12, 14, 29
Soybeans and soybean oil
25
Spindle activity, cotton, wool
39
Steel ingots and steel manufactures (see also
Iron and steel)
32,33
Steel, scrap
32
Stocks, department stores (see also Manufacturers' inventories)
10
20
Stocks, dividends, issues, prices, sales, yields..
Stokers, mechanical
34
Stone, clay, and glass products
2,
3,ll,12r13, 14,38
Stoves
34
Street railways and buses
13,14, 15,22
Sugar
___
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
24
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13,14, 15, 19, 20,23
Textiles..
_ 2, 3, 4, 6,11, 12, 14, 15, 21, 38, 39,40
38
Tile
Tin
22.33
Tires and inner tubes
6,12, 14, 15,37
Tobacco
2,3,4,5,7,8, 11, 12, 14, 15,30
Tools, machine
34
Trade, retail and wholesale. 3,4,8.9,10,11,13, 14,15
Transit lines, local
15,22
Transportation, commodity and passenger
22,23
Transportation equipment... _ 2,3,4,11,12,13, 14,40
Travel
23
Truck trailers
40
Trucks
40
Turpentine and rosin
24
Unemployment and unemployment compensation
10,13
United States Government bonds
17,18,19
United States Government,
finance
16,17
Utilities
1, 5,11,13,14,15,17,18, 19, 20
Vacuum cleaners
34
Variety stores
9
Vegetable oils
_
_ 25,26
Vegetables and fruits
2,5,21,27
Vessels cleared in foreign trade
23
Veterans' unemployment allowances
13
Wages, factory and miscellaneous
Washers
_
Water heaters
Wax
Wheat and wheat
flour
Wholesale price indexes
Wholesale trade
__
Wood pulp
Wool and wool manufactures
Zinc.
13,14,15
34
34
36
19,28
5, 6
10
36
2, 6, 22, 39, 40
33
THE ECONOMY
UNDER
PRESSURE OF
EXPANDS
DEMAND
The Annual Review Number of the
SURVEY OF CURRENT BUSINESS
"N 1950 the national economy recovered from
recession, advanced to a peacetime peak and had
to reassess its military commitments. As the
country marshaled its resources to combat twin
enemies—aggression abroad and inflation at home
—mobilization and controls became the watchwords of defense. The Economy Expands Under
Pressure of Demand succinctly surveys these
developments in the brief incisive chapters listed
below.
Forty pages of business statistics compiled from
National Income and Product
Price Developments
* Industrial Production
commercial and governmental sources provide a
month-by-month progress report—before and after
Korea—on more than 2,600 series including production, labor, commodities, securities, and trade.
Numerous charts and summary statistical tables
interspersed through brief textual summaries and
analyses of significant economic developments
make this 72-page publication an invaluable aid
in considering business prospects during a period
of National Emergency.
* Agricultural Production
* Retail Trade
Construction Activity
* Foreign Trade
Employment and Labor
it Business Investment
* Financial Developments
Business Population
The Economy Expands Under Pressure of Demand—the February Annual Review Number of the
SURVEY OF CURRENT BUSINESS—is priced at 30 cents. A 25-percent discount is given for quantity
orders of 100 or more copies for classroom or other use. Annual subscriptions to the SURVEY OF
CURRENT BUSINESS are available at $3 per year; foreign $4.
Orders may be placed with the Superintendent of Documents, U. S. Government Printing Office
Washington 25, D. C., or the nearest Department of Commerce Field Office
@FedFRASER