Full text of Survey of Current Business : March 1955
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MARCH
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1955
SURVEY
OF
CURRENT
/^T%\
Vol. 35 fif
. yf
BUSINESS
>3
No
Y\
^XCJJj/
XSjgsop^
MARCH
1955
DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
208 U. S. Courthouse
Los Angeles 15, Calif.
1031 S. Broadway
Atlanta 5, Ga.
50 Seventh St. NE.
Memphis 3, Tenn.
229 Federal Bldjr.
Boston 9, Mass.
U. S. Post Office and
Courthouse Bldg.
Miami 32, Fla.
300 NE. First Ave.
Buffalo 3, N. Y.
117 Ellicott St.
L^ontents
PAGE
Charleston 4, S. C.
Area 2,
Minneapolis 2, Minn.
607 Marquette Ave.
New Orleans 12, La.
,,,
3oo kt. Charles Ave.
Sergeant Jasper Bldg.
New York 17, N. Y.
THE BUSINESS SITUATION,
in
is
I
if
Cheyenne, Wyo.
307 Federal Office Bldg.
^,
.
, TI1
Chicago
6,
III.
226 W. Jackson Blvd.
SPECIAL ARTICLES
Investment and Sales Anticipations in 1955. . * .
4
The United States Balance of Payments in 1954 .
9
Cincinnati 2, Ohio
"0 E. 45th St.
Philadelphia 7, Pa.
1015 Chestnut St.
™
. A .
Phoenix, Ariz.
137 N. Second Ave.
442 U. S. Post Office
and Courthouse
Pittsburgh 22, Pa.
1A _ 0. , _
107 Sixth St.
Cleveland 14, Ohio
*
1100 Chester Ave.
„ , _ . _
Portland 4, Oreg.
.-A
« .
520 Gw
SW. Morrison cSt.
...... 14
Dallas 2, Tex.
1114 Commerce St.
«
T
Reno, ,Nev.
,A-n ^ ,, .
1479
wells Ave,
Income Distribution in 1953 « * . * * . . * • . « . . . * . , 15
Denver 2, Colo.
142 New Customhouse
„. ,
,
„.
Richmond OA
20, Va.
, , ~
nnA ,T T
900 N. Lombard y St.
Detroit 26.
* Mich.
230 W. Fort St.
<? Louis
. 1,, Mo.
„
T
St.
,,,. , r . ,.
1114 Market
St.
Income Distribution
in the United States, 1950-53 . * . .
Changes in Income Distribution, 1947-53
17
Family Groups and Individuals* * * * « * * * * * * » . . 19
*
*
*
MONTHLY BUSINESS STATISTICS....S-1 to S-40
Statistical Index * « « * « » » » * * » * , » . Inside back cover
Published by the U. S. Department of Commerce? SINCLAIR WEEKS,
Secretary. Office of Business Economics? M. JOSEPH MEEHAN, Director,
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El„,Paso,, Tex.~
Chamber off Commerce
Bldg.
,, TLake
, ^.
,
bait
City ,1, TT
Utah
222 SW. Temple St.
c
Houston 2, Tex.
430 Lamar Ave
San Francisco 11, Calif.
555 Battery St.
Jacksonville 1, Fla.
311 W. Monroe St.
Savannah, Ga.
125-29 Bull St .
Kansas City 6, Mo.
911 Walnut St,
Seattle 4, Wash.
909 First Ave,
For local telephone listing, consult section
devoted to U. S. Government
MARCH
1955
By the Office of Business Economics
Business Expects for 1955
Sfightly higher investment in plant
and equipment....
BILLIONS OF DOLLARS
TOTAL
30
-
\
20
PNONMANUFACTURING^
10
1950
and
1951
substantially
1952
1953
1954
1955'
increased sales
USINESS activity in January and February extended the
rise experienced in the fourth quarter of last year. It is
apparent that participation in the advance has broadened.
A particularly significant development is the tilting upward
of the curve of plant and equipment investment indicated by
the 1954 survey detailed in this issue. This, and the general
expectation of higher sales reported in the same survey,
attest to the confidence of businessmen in the outlook.
The rise in business has been based, as depicted in the
chart on page 2, both on the sustained growth of major types
of demand which maintained their upward trend throughout
the recent readjustment, and on the reversal of other types
of demand which largely accounted for the 1954 downturn
but which stabilized or advanced in the fourth quarter.
Both groups have shown a further upward movement so far
this year.
Consumer demand for nondurable goods and services,
private construction, purchases of goods and services by
State and local governments and, on balance, by foreign
countries, are continuing to expand. Demand for durable
goods, especially consumer durables, is extending the
recovery which began in the final quarter of 1954. Business
inventories are reflecting the swing of management policy
away from liquidation. Federal purchases are still contracting but at a much slackened rate.
Construction in January and February was well above the
same period of 1954, with private residential activity up very
substantially. In January, new housing starts were at a
seasonally adjusted annual rate of 1.4 million, close to the
December high and a rate equal to the peak total attained
in 1950.
PERCENT CHANGE, 1954 TO 1955
Durable goods orders
12
PUBLIC
UTILITIES
\
TRADE
MANUFACTURING
\
\
* ANTICIPATED
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
332950°—55
1
DATA: O.B.E. a S.E.C.
55-16-1
Improvement in the market for durable goods is indicated
by the flow of new orders to manufacturers. New business
placed with manufacturers of durable goods has continued
the expansion from last summer's low. New orders for
transportation equipment, which include sales of motor
vehicles, accounted for most of the January rise but an
expansion in machinery orders was significant
as evidence of
the upturn in demand for producers7 durables. New orders
for electrical and nonelectrical machinery were each oneeighth above the monthly average for 1954. New orders for
metal cutting machine tools, which were depressed most of
last year, participated in the recent upturn. Thus, some of
the industries which were still lagging in the fourth quarter
have started to move
ahead.
Manufacturers 7 unfilled orders, not adjusted for seasonal
variations, expanded by nearly $1 billion during January to
return to the October level. Half of the January increase
was in primary and fabricated metals. Unfilled orders for
SURVEY OF CURRENT BUSINESS
nonelectrical machinery increased for the first time since
mid-1952, although the gain was small. Because of higher
sales, the ratio of unfilled orders to sales in the major durable
goods industries either showed little change or was reduced
over the past 3 months.
Manufacturers' production and sales reflect this improved
flow of new business, and industrial employment picked up
in February.
Trade active
Seasonally adjusted total retail sales according to preliminary advance reports were little changed from January
and less than 2 percent below December's very large volume.
Combined sales for January and February are about 7 percent ahead of those in the corresponding period of 1954.
Sales were spotty, however, as gains at automotive stores
were offset by declines at apparel and general merchandise
outlets.
Automobiles are leading the way in distribution as well as
in manufacturing. The number of new passenger cars sold
in February, notwithstanding the short month, exceeded
the January total by a sizable margin and almost equaled
the December volume. Sales of used cars were also large.
Owing to the high rate of factory shipments, the number of
new cars in dealers' stocks has increased but is not large in
relation to current sales.
Gross National Product
Divergent patterns of major components
BILLIONS
OF DOLLARS
March 195i
in January, after seasonal adjustment, exceeded repayment
by $0.3 billion. Nearly all of the new instalment credi
was used to purchase automobiles and other consumer goods
Purchasing power rising
Personal income is maintaining its strong movement, wit!
the January flow, at a seasonally adjusted annual rate o
nearly $291 billion, again slightly bettering the highest montl
of 1953. Wages and salaries moved up from December an<
other income types, except dividends, were little changec
for the month. The return of dividend declarations to i
more normal rate after the spate of extras that gave a tem
porary boost to the December figure was responsible for i
slight reduction in the income total.
Table 1.—Nonagricultural Wage and Salary Disbursements
[Seasonally adjusted at annual rate]
Billions of dollars
Second quarter
1953
January
1955
1954
All nonagricultural industries
195.8 191.8 195.9
Percent change
Second
quarter
1953 to
second
quarter
1954
Second
quarter
1954 to
January
1955
-2.0
2.
1. ,
Commodity producing
85. 9
80. 8
82.0
-5. 9
Distributive
51. 5
52. 3
53.4
1. 6
2.
Service
24. 8
25. 3
26. 3
2. 0
4. i
Government
33. 6
33.4
34. 2
-. 6
2. '
500
Source: U. S. Department of Commerce, Office of Business Economics.
TOTAL GROSS NATIONAL
PRODUCT
Another factor in the January income change was the
movement to a new and higher level of personal contributions for social insurance. Contributions of employees anc
self-employed persons for social insurance are deducted froir
income disbursements in calculating personal income. Frorr
December through February, the total of such deductions
increased by almost one-half billion dollars at an annua.
rate as a result of permanent legislative changes of three
types. Their effect was nearly all felt in January.
400
300
•;i; BUSINESS INVENTORY CHANGE, X#^
; ALL DURABLES, AND FEDERAL PURCHASES .
200
Changes in social insurance contributions
100
1951
1952
1953
!954
1955
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
*" Consumer nondurables and services, new construction, net foreign
investment, State and local Government purchases
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
55 - 16 -
The active movement of goods and services through retail
outlets is based principally on the sustained high level of
personal income. That buyers are also making generous use
of short- and intermediate-term credit is evidenced by the
smaller than usual contraction of consumer credit from
December to January. New extensions of instalment credit
The 1954 social security amendments enlarged the area o
coverage under the Old Age and Survivors Insurance progran
to include as of January 1, 1955, the following groups
farm operators; virtually all farm employees; self-employee
architects, engineers, accountants, and funeral directors
clergymen; citizens employed abroad by foreign subsidiaries
of United States enterprises; industrial home workers; anc
additional employees engaged in fishing, private households
and Federal Government activities. It also permitted, bj
election, OASI coverage by State and local government employees already members of a government retiremenl
system.
In addition to this expansion of coverage, a second legislative change enlarged the taxable earnings base from $3,60(
to $4,200, effective January 1.
A liberalized benefit scale for annuitants and their dependents, also a feature of the amendments, became effective
in September 1954 and lifted the closing quarter's persona
income flow to the extent of $0.5 billion at an annual rate
larch 1955
SURVEY OF CURRENT BUSINESS
The reduction in the January personal income total atributable to these amendments—$0.3 billion at an annual
ate—was restricted solely to employees' income, since paynents by the newly covered self-employed are not due until
956 at the time of filing income tax returns on 1955 income
tnd the effect of the higher earnings base on the group also will
lot be felt until next year. However, beginning in January,
ielf-employed persons have been paying social security taxes
>n income at rates increased from last year. The rate in3reases which became effective at the start of 1954—-l/2 percent for employees and employers (to 2 percent each) and
!£ percent for the self-employed (to 3 percent)—were immediately reflected in withholding^ from employee 1954
income, but did not until this year affect payments (on 1954
income) by the self-employed. Thus, a further reduction—
approximately $0.1 billion at an annual rate—in the January
personal income flow may be traced to this factor.
Another minor increase in employee contributions for
social insurance in February resulted from a recent Executive
order granting civil-service status to approximately 450,000
Federal Government employees. Effective January 23,
these employees became members of the Federal civilian
retirement system, which provides for a 6 percent contribution rate, as compared with the 2 percent rate which was
collected under the Old Age and Survivors Insurance system.
This rate differential has the effect of increasing personal
contributions by about $0.1 billion a year.
Payrolls still moving up
Wage and salary disbursements at a seasonally adjusted
annual rate of $199 billion in the opening month of the year
were more than $1 billion above the December amount.
Since the low point reached last spring there has been a 2
percent increase in this type of income flow, attributable to
the combined effects of rising wage and salary rates, a longer
workweek, and increased employment, with the quantitative
importance of the three factors in that order.
Wage and salary disbursements in the commodity-producing industries, which were reduced most from the summer of
1953 to the spring of 1954, have shown the smallest subsequent percentage increase although since reaching their low
point last September their rate of advance has been quite
rapid. January wage and salary totals in the distributive,
service, and Government industry groups were above their
1953 highs while that for the commodity-producing industries was about 5 percent lower.
shown in table 2. Both school and nonschool employment
participated in the rise.
The small increase in private nonagricultural employment
was very largely due to moderate expansion in the distributive and service industries (see table 2). In both trade
Nonagricultural Wages and
Salaries and Employment
BILLIONS
250
OF DOLLARS
ANNUAL RATE
WAGE AND SALARY
DISBURSEMENTS
200
150
100
50
Employees in Nonagricultural Establishments
MILLIONS OF PERSONS
60
TOTAL
NONAGRICULTURAL
EMPLOYMENT \
50
40
C O M M O D I T Y - P R O D U C I N G INDUSTRIES
30
Nonagriculture employment recovery
Accompanying the revival in economic activity, employment in nonagricultural industies, after allowance for
seasonal variations, has followed an irregularly rising trend
since the low point reached last August. Recent changes in
employment in individual industries have not closely
matched changes in activity in the same industries, however,
because of divergent changes in hours worked and productivity.
By February, seasonally adjusted employment in nonagricultural industries including the armed forces was 200
thousand or 0.4 percent above the 51.5 million average of
last year's spring quarter. Government employment, including military, was up 1.1 percent during that period,
while there was an increase of 0.2 percent in private employment. Federal Government civilian employees were 0.5
percent more numerous in February than last spring but
this increase was more than offset by the 4 percent reduction in the military rolls. State and local government
employment in February was 5 percent higher than in the
spring of 1954—the largest increase for any major groups
20
10
i960
1951
1952
1953
MONTHLY T O T A L S , S E A S O N A L L Y
1954
1955
ADJUSTED
DATA: B. L.S.
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
55-16-3
segments employment was about 1 percent higher in February than last spring. Trade employment, seasonally
adjusted, has not only recovered earlier losses but has risen
to a new high as expansion in the number of trade outlets
has accompanied the residential building boom and the
(Continued on page 28}
by Murray F. Foss
Investment and Sales
Anticipations in 1955
BUSINESS currently expects its plant and equipment outlays this year to aggregate $27 billion, slightly above last
year and about $1 billion less than the 1953 record, according to the survey of expectations conducted in February and
early March by the Office of Business Economics and the
Securities and Exchange Commission. Businessmen also
anticipate a higher dollar volume of sales in 1955, averaging
about 5 percent above 1954.
Since the movement of capital outlays was slightly downward through 1954 and the first quarter of 1955, the present
programs now reported by business indicate an advance from
the current level during the coming months of this year.
The investment programs of public utilities and commercial companies, with planned increases of 4 and 7 percent,
respectively, are mainly responsible for the projected upturn
in investment in 1955, but a number of major manufacturing
lines are resuming the uptrend. Furthermore, while manufacturing companies in the aggregate report a total for the
full year 3 percent less than in 1954, they expect a rise in
expenditures beginning in the second quarter. Both the
railroads and mining companies report sizable reductions for
the year, but other transportation concerns except another
year of high investment.
The survey results for major groups are as follows:
According to the quarterly information collected in thi
survey, business anticipates that the current quarter wil
represent the low point of the comparatively mild downtrem
in fixed business investment which has been in progress sinc<
the third quarter of 1953. Outlays are scheduled at a sea
sonally adjusted annual rate of $26 billion in the first thre<
months of this year and are expected to advance to $27 J
billion in the following quarter. This would represent a I
percent increase over the average in the first quarter anc
would bring investment back to the rate of the first quarte]
of 1954.
Plant and Equipment Expenditures
Rise scheduled for second quarter
BILLIONS OF D O L L A R S
Percent Change in New Plant and Equipment Expenditures,
1954 to 1955
All industries
1
Manufacturing
Durable-goods Industrie*
Nondurable-goods industries
—3
Mining
Railroads
Transportation, other than rail_
Public utilities
Commercial and other
-8
-11
—1
4
Examination of the survey results by size of firm indicates
that very large manufacturers (those with assets over $50
million) expect little change in capital outlays from 1954 to
1955.
Expenditures by this group as a whole have been
quite stable since 1953 and have been an important sustaining influence in overall fixed capital investment.
Medium-sized firms (with total assets between $5 million
and $50 million) also expect to maintain 1954 rates of investment this year, in contrast to last year when they reduced
their expenditures. Manufacturers with less than $5 million
of assets anticipate some decline during 1955, but in general
the plans of such firms are less certain than those of the
larger concerns and have a higher degree of flexibility.
NOTE.—MR. FOSS IS A MEMBER OF THE BUSINESS STRUCTURE DIVISION, OFFICE OF BUSINESS ECONOMICS.
10
-
1953
1955
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
*
ANTICIPATED
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
DATA: O.B.E. & S.E.C.
55-16-5
On the assumption that this year's capital spending goal
of $27 billion is realized there is implicit in the data a seasonally adjusted annual rate in the second half also at $27%
billion. This pattern suggests that the second quarter gain
will be maintained later in the year.
Advances in plant and equipment expenditures from the
first to second half of this year are expected by producers of
March 1955
SURVEY OF CURRENT BUSINESS
both durable and nondurable goods, and by public utilities,
and nonrail transportation firms. The commercial and
mining industries show .little change in their spending rates
over this period, while only the rails anticipate lower capital
outlays.
Recent influences on investment
With the expected upturn in business fixed investment,
all major sectors of private demand that moved downward in
late 1953 will have reversed that movement. There can be
little doubt that the recovery in business sales and earnings
since last fall has bolstered business confidence and has had
a salutary effect on this year's programs.
In addition to increased earnings, depreciation on the expanding stock of capital has been a rising source of internal
funds. It is also quite likely that added investment funds
have become available to a number of concerns as a result of
the provisions of the 1954 tax law which permit higher depreciation charges on new facilities in their early years of use.
Another favorable factor that may be cited is the relatively
plentiful supply of investment funds from external sources
on comparatively favorable terms. Long-term interest
rates, while moderately higher than 6 months ago, are still
low. Terms of equity financing are close to the lowest point
reached in the postwar period.
Other factors affecting recent and near-term investment
trends may be mentioned. While the completion of some
Korean expansion programs means a lower rate of expenditure on the federally aided capital outlays, the volume of
such expansion is still large. On the other hand, replacement and modernization outlays are being maintained, according to information obtained in the current survey.
Finally, long-term growth factors are still at work as a result
of the population increase and its shift to outlying areas.
These factors are the major stimuli in the expansion in investment in retailing, in communications and in public utilities.
Quarterly trend reversed
Actual figures now available for late 1954 indicate that
total capital expenditures fell from a seasonally adjusted
annual rate of somewhat under $27 billion in the third quarter to close to $26 billion in the fourth. Decreases occurred
in manufacturing, mining, railroads and the utilities, while
spending by the commercial and nonrail transportation
groups was about unchanged. Another small decline is
expected in the first three months of this year.
First quarter 1955 investment was off almost 10 percent
from the high point in the third quarter of 1953. Of this
amount about two-thirds is attributable to the reduced rate
of investment in manufacturing facilities. In retrospect it
may also be noted how quickly the decline moderated; more
than two-thirds of the total decrease occurred in the first
half of this 18-month period.
The anticipated 5 percent increase in the second quarter is
indicative of a fairly widespread recovery. A rise is expected
to take place in both the durable- and nondurable-goods segments of manufacturing, with a somewhat sharper rise in the
latter. In public utilities, the gas group reports a pickup in
the spring months as a result of new pipeline construction.
The commercial group, where the buoyant retail trade projgrams are predominant, expects the largest relative gain
over this period.
Realization of 1954 programs
Anticipated investment in 1954 as reported by business in
our annual survey a year ago was close to the amount actually
spent, as has been the case in most years since the end of
World War II. Actual expenditures declined 5 percent from
1953 to 1954, as compared with an anticipated reduction of
4 percent. Viewed on the whole, the forecasting value of
the initial survey was very good.
Manufacturing companies in the aggregate reduced their
capital spending about as much as their estimate—7 percent-—but some other major groups did not spend quite so
much in 1954 as expected early last year. The railroads
scheduled a decrease of 28 percent but actually reduced outlays by 35 percent. Public utilities planned a decline of
almost 3 percent but actually cut their expenditures by 7
Business Capital Outlays
by Major Industry Categories
5
T~
BILLIONS OF DOLLARS
10
15
20
T"
T"
T
25
30
1954
TOTAL
1955*
Manufacturing
and mining
Commercial and
other
Public utilities
Railroad and other
transportation
_L
w
ANTICIPATED
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
DATA: O.B.E. 8 S.E.C.
55-16-4
percent, greater relative deviation occurring in gas than in
the electric utilities. The mining industry, which was expecting a small increase in its fixed investment rate from
1953, experienced a small decrease. The commercial and
nonrail transportation industries, on the other hand, both
slightly exceeded their initial expectations.
Comparison of actual and anticipated expenditures by
manufacturing industries in 1954 indicates that most industry groups correctly projected the trend in their capital
outlays. However, there was a tendency-—offsetting in the
total-—for anticipations of durable-goods producers to underestimate both the relative increases and decreases in investment.
Producers of primary metals and nonelectrical machinery,
for example, reduced their capital outlays more than indicated by their early 1954 plans, while automobile and other
transportation companies made larger increases than expected. The electrical machinery group experienced a
decline, in contrast to an earlier anticipation of little change.
In the nondurable-goods field spending by petroleum,
rubber and chemical firms fell somewhat short of plans,
in contrast to the food and beverage, textile and paper
industries, where plans were exceeded.
6
SURVEY OF CUREENT BUSINESS
With respect to size groups, there was a tendency for the
largest-size group to spend somewhat less than anticipated,
although, as already noted, actual spending was little
changed from 1953. Expenditures by small and mediumsized companies in 1954 exceeded earlier anticipations.
The latter phenomenon has been observed for the smallest
concerns in earlier surveys and is probably a characteristic
of firms in which investment budgeting is not widely practiced.
Manufacturing investment
According to the present survey, manufacturers expect to
spend $10% billion for new productive facilities in 1955.
This compares with actual outlays of $12 billion and $11
billion, respectively, in 1953 and 1954. Durable-goods
producers expect a 4 percent decline in investment from
1954 to 1955, while nondurable-goods producers anticipate
spending 2 percent less.
In the durable goods field investment trends of major
industries diverge considerably and many reversals of trend
may be noted. Automobile producers are now reducing
outlays after the sharp spurt in their programs in late
1953 and in 1954. In contrast, industries that declined
last year—iron and steel, nonferrous metals, and machinery
except electrical—are expecting increased outlays in 1955,
more in the former industries than in the machinery groups.
Producers of transportation equipment other than automobiles are also planning to spend more than last year.
In the nondurable goods area the pattern more nearly
resembles last year's changes with a few important exceptions. The petroleum industry, the only major industry
that has continually increased annual capital outlays since
1949, is planning another small increase. Food and beverages and textiles expect their expenditures to fall again,
the latter for the fourth successive year. The chemical
and paper industries expect their investment to be about
the same as in 1954 while rubber manufacturers foresee a
small increase in their spending. Programs of both the
chemical and rubber industries were cut sizably last year.
When more detailed industries are examined, it appears
that for industries in which increased outlays are anticipated
from 1954 to 1955, expansion outlays are almost always
expected to advance, while replacement outlays are bein^
either maintained or increased. Industries with anticipated
decreases in investment in most cases show planned reductions in both replacement and expansion expenditures.
The 1953—54 manufacturing decline
Although the survey indicates that manufacturing outlays
in. 1955 as a whole will be slightly lower than they were last
year, of greater significance is the anticipated recovery in
manufacturing investment following the first quarter of the
present year. The manufacturing drop will have lasted two
Manufacturing Investment Programs
BILLIONS OF DOLLARS
PRIMARY METALS
1
1. Replacement and modernization expenditures in this survey generally refer to outlays
made primarily to replace worn out, obsolete or less economical plant and equipment already
owned by the firm. Expansion outlays generally refer to capital outlays that primarily add
to rather than replace the company's production, distribution, transportation, administrative and general facilities. Respondents were given considerable leeway in answering the
question since it was recognized that the division between the two types of expenditures
might not be well defined in a number of instances.
I
I
PETROLEUM
I
I
MOTOR VEHICLES 8 OTHER
TRANSPORTATION EQUIPMENT
Replacement and expansion
In this year's annual survey companies were requested to
segregate their total plant and equipment expenditures in
1954 and 1955 between outlays for replacement and modernization and those for expansion.1 Because of the nature
of the question and the difficulty of precisely defining these
categories the data and conclusions presented here should be
considered very tentative.
For all manufacturing industries combined, replacement
and modernization expenditures were just over three-fifths
and expansion close to two-fifths of total plant and equipment expenditures in 1954. The great majority of major
industries indicated that replacement and modernization
expenditures accounted for between one-half and two-thirds
of their aggregate outlays. The chemical industry reported
the lowest proportion of 1954 outlays for replacement and
the highest for expansion while the opposite was true for
textiles.
The survey reveals that from 1954 to 1955 manufacturers
as a whole expect to maintain their outlays for replacement
and reduce their outlays for expansion by about 4 percent.
This pattern is essentially the same for both the durablegoods and the nondurable-goods groups.
March 1955
i
I
l
I
I
1
51
52
53
t
I
I
I
I
FOOD AND BEVERAGES
I
I960
i
CHEMICALS
I
ELECTRICAL AND
OTHER MACHINERY
i
54
55
1950 51
i
i
52
53
i
54
55
DATA: O.B.E. 8 S.E.C.
,11.8. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
55-16-6
full years—on the assumption that the current plans are
realized—but the reduction has not been of large proportions
and thus has not exerted a serious deflationary effect on
economic activity. The recent reduction may be compared
with the downturn that occurred in the 1948-50 period, when
over a comparable 8-quarter span manufacturing investment
fell approximately one-third, or twice as much as" it did
recently.
The moderate character of the recent decline may be partly
explained by the fact that investment cycles of the various
industries have not coincided in their timing. Thus the
primary metals industries, which reached their mobilization
March 1955
SURVEY OF CURRENT BUSINESS
peak in 1952, were a significant contributing factor in the
decline in durable goods investment from 1953-54. The
impact of this drop on aggregate investment was moderated
to a considerable extent by the sharp increase last year in
outlays by automobile producers, whose expenditures in the
mobilization years, 1951-53, had undergone comparatively
little change.
As a result of such divergent movements, the net decline
in durable goods investment from the peak in the first quarter
of 1953 to the indicated trough in the first quarter of this year
will have amounted to 20 percent. This may be compared
with a one-third decrease in durable manufacturing investment between the third quarter of 1948 and the fourth
quarter of 1949, a period that witnessed a drop in capital
outlays in virtually every major manufacturing industry.
Nonmanufacturing
Last year nonmanufacturing investment fell by less than
4 percent from the previous year, as a rise by the commercial
group partially offset the sharp drop in railroad expenditures
and the much smaller relative declines in utilities, mining
and other transportation. This year's survey reveals a
resumption of the rise in nonmanufacturing, sizable gains in
the commercial industries being augmented by a slight
increase in the programs of utilities.
Utilities expect rise
The public utilities expect to spend $4.4 billion for new
plant and equipment in 1955, a 4 percent increase from last
year. Expenditures for the group are anticipated to show a
rising trend throughout 1955, attributable to higher investment in natural gas transmission lines. The electric companies expect little change from 1954.
Since the end of 1950 the utilities have made net additions
of 25 million kw.-hr. to their capacity, a rise of almost 50
percent. According to trade reports, outlays for electric
generating facilities in 1955 are expected to decline for the
second successive year, while higher outlays are being
scheduled for transmission and distribution facilities. Outlays for distribution facilities, though rising, are still lower
than they were in 1949.
Railroads plan further cuts
During the coming year a further reduction of about 11
percent is being planned by the railroads. This will bring
rail expenditures to about $% billion, well below spending
rates in other postwar years. The drop is smaller than that
from 1953 to 1954, when outlays were reduced by almost
one-half billion dollars. Over that period installations of
cliesel locomotives were reduced almost one-half while freight
car installations declined even more relatively. For the
first time since 1950 more freight car capacity was retired
than purchased. Outla}^s for passenger cars were maintained but expenditures for roadways and structures declined
one-fifth.
Commercial strong
The most buoyant area of investment in the coining year
is in the commercial field, where trade firms particularly
and communications companies to a lesser extent are planning increases over 1954 spending.2 The boom in invest2. This year for the first time direct information was obtained by the Office of Business
Economics on capital spending plans of retail firms not registered with the Securities and
Exchange Commission. This supplements the data supplied by trade firms registered with
the SEC. The new sample covers retail firms with one or more employees— corporate as
well as noncorporate, and chain as well as independent stores.
ment by the former group reflects the high rate of activity
by food, general merchandise, apparel and drug firms in
opening stores in new shopping centers, as well as their
extensive modernization programs for stores in established
communities. All size groups expect an increased rate of
expansion in 1955. The very largest organizations anticipate a somewhat smaller relative rise than do the smaller
size groups probably because of the sustained high level
of their investment in recent years.
Sales Anticipations
The 1955 sales anticipations collected in this survey indicate that businessmen over a wide range of industries are
looking forward to higher sales this year. Advances are
being projected in manufacturing, wholesale and retail trade,
and gas and electric utilities. The largest relative increase
among the major industrial groups is the 8 percent rise
expected by the public utilities.
Table 1.—Manufacturers' Sales Expectations, 1955, by Industry
1
Expected percent change in
sales 1954-55
TotaL
Durable goods industriesPrimary iron and steel
Primary nonferrous metals _.
Electrical machinery
Machinery except electrical.
Transportaion equipment including motor vehicles_
Storie, clay, and glass2 products
Other durable goods
9
12
4
1
4
5
5
Nondurable goods industriesFood and beverages
Textile-mill productsPaper and allied products. _
Chemicals and allied products _
Petroleum and coal3 products-Other nondurables
1. These anticipations were reported by business during February and early March.
2. Includes fabricated metals, lumber, furniture, instruments, ordnance, and miscellaneous.
3. Includes rubber, tobacco, apparel, printing and publishing, and leather.
Source: U. S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
All major manufacturing industries are projecting sales
increases during the coming year. The durable-goods group
foresees a rise of 5 percent, and nondurables, an advance of
4 percent over 1954. When the current rates of sales are
compared with these sales projections, the implications for
the remainder of this year are for the maintenance of durablegoods sales at the improved rate reached in the fourth quarter
of 1954, and for a further increase in the case of nondurables.
The primary metals industries, which declined most last
year in the durable-goods field, expect the largest relative
gain this year—10 percent, with the expectations of nonferrous metals producers somewhat higher than those of steel
companies. Machinery companies expect a somewhat
smaller advance than the durable-goods average, possibly
reflecting the tact that for industry generally investment outlays this year are expected to be only slightly above 1954.
In nondurables projected sales increases fall within a comparatively narrow range. Somewhat larger-than-average
increases are expected by the chemicals and textiles industries
while the petroleum and rubber industries anticipate lessthan-average gains. (See table.)
SURVEY OF CURRENT BUSINESS
8
Projected vs. realized sales in 1954
Manufacturers' sales appraisals for 1954 as reported in the
survey a year ago were quite close in the aggregate to actual
sales. The trend was correctly indicated, but the drop of 5
percent from 1953 was somewhat larger than the 3 percent
forecast.
In durable-goods manufacturing, shipments decreased 11
percent over the year as against a projected 8 percent, while
in nondurable goods the respective changes were rises of 1
percent and 3 percent. Actual sales fell somewhat short of
projections in most hard-goods lines—the stone, clay and
glass industry proving the only exception, with a small increase instead of a decrease. There were large deviations in
the steel and nonferrous metals industries.
In nondurables, discrepancies between actual and anticipated sales were less pronounced than in durables. Sales in
the food and beverages and chemicals industries came close
to realization. Textile sales fell somewhat more and petroleum sales rose somewhat less than anticipated. Sales of the
rubber industry were off sharply from their projection of a
March 105
small drop, while paper companies exceeded sales projection
slightly.
A comparison of last year's plans and results points to
significant correlation between actual and anticipated invest
ment and sales. Iron and steel, nonferrous metals, electrics
and other machinery, chemicals, petroleum and rubber ha«
either larger sales declines or smaller sales increases thai
expected, and also invested less than anticipated. Similar!;
the industries with higher than projected sales, such as ston
and paper, invested more than planned. This suggests tha
deviations from sales expectations last year caused man;
industries to adjust their investment programs in the sam
direction.
The major exception was the transportation equipmen
industry, where investment considerably exceeded plans evei
though sales tell a little short of expectations. Here tin
major factor was the large-scale model changes in the auto
mobile industry. This change in product has had a ven
considerable favorable effect upon the market for cars, a:
has been pointed out in recent issues of our monthly business
analyses. It is a good example of the effects upon the genera
business situation of autonomous management decisions.
Table 2.—Expenditures on New Plant and Equipment by U. S. Business,1 1952-55
[Millions of dollars]
1953
1953
1952
11,632
1954
1954
!
1955 2
Jan.March
Apr.June
JulySept.
Oct.Dec.
Jan.March
Apr.June
JulySept.
Oct.Dec.
1955
i
; Jan.Apr.March 2 June 2
11,908
11,038
10, 704
2,668
3,098
2,858
3,284
2,569
2,859
2,645
2, 965
2, 488
5,614
5,648
5,091
4,879
1,290
1,437
1,338
1,582
1,201
1,309
1,207
1,373
1,155
1, 17<
_.
1,511
512
386
701
855
1,210
412
475
797
754
246
439
694
808
278
435
737
297
102
87
183
333
109
118
213
291
99
116
189
290
103
154
212
190
69
95
160
200
69
110
171
169
53
102
165
195 !
55
132 i
198
158
57
95
177
62
97
180
Transportation equipment excluding motor vehicles
Stone, clay, and glass3 products
Other durable goods _- - _
1, 169
1, 486
1,235
231
253
276
410
321
402
383
379
330
294
211
330
1,107
346
1,239
361
1,110
410
976
77
315
88
323
86
281
95
320
78
288
88
269
80
255
115
298
95
242
10S
245
6,018
6,260
5,948
5,826
1,378
1,661
1,520
1,701
1,368
1,550
1,438
1,592
1,333
1,484
_.
769
434
364
1,386
812
378
409
1,428
765
331
455
1,130
660
292
451
1,110
196
100
82
325
241
104
98
381
188
84
110
344
188
90
118
378
197
81
104
309
204
88
117
292
184
75
111
252
180 !
86
124
277
151
68
105
256
161
71
120
271
____
2 535
154
377
2 668
161
404
2, 684
131
451
2, 765
139
409
"35
118
684
44
108
671
38
86
791
44
93
530
32
115
696
35
118
682
29
104
776
35
114
624
34
95
719
33
109
222
IVIanufacturing
Durable goods industries
Primary iron and steel
Primary nonferrous metals
Electrical machinery and equipment
Machinery except electrical
Motor vehicles and equipment .
__
_
Nondurable goods industries
Food and beverages
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber products
Other nondurable goods 4
-
__
I
975
898
219
228
258
281
219
261
251
244
233
Railroad
1,396
1,311
854
763
312
359
299
341
250
245
179
180
214
202
Transportation, other than rail
1,500
1,565
1,512
1,495
361
392
409
402
384
375
374
379
369
382
Public utilities
3,887
4,552
4,219
4,384
926
1,159
1,221
1,247
929
1,121
1,060
1,158
1, 537
1,690
8,819
1,853
2,038
2,039
2,070
1,916
2,071
2,133
2,046
2, 361
Commercial and other ^
5,557
6,310
1,717 I
6,513
1,109 I
j
2,110
947
Communications
26, 493
28, 322
27, 063
6,339
7,274
7,084
7,625
6,266
6,932
6,640
6, 988
6, 296
6,988
10. 58
4. 80
5. 79
10. 24
4. 72
5. 52
10.74
4.86
5.88
.93
. 78
1.50
4.05
8. 53
.88
.78
1.47
4.36
9.21
26. 04
27. 43
985
IVlining
Total
- -
...
986
26, 827
Seasonally Adjusted at Annual Rates
[Billions of dollars]
Manufacturing
Durable
Nondurable
_
Mining
_
_
Railroad
Transportation other than rail
Public utilities
Commercial and other 5
Total
1. Data exclude expenditures of agricultural business and outlays charged to current account. Estimates after 1952 have been revised.
2. Estimates based on anticipated capital expenditures as reported by business in February
and early March 1955. The seasonally adjusted data include in addition to a seasonal correction, an adjustment, when necessary, for systematic tendencies in anticipatory data.
3. Includes fabricated metal products, lumber products, furniture and fixtures, instruments, ordnance, and miscellaneous manufactures.
11.99
5.80
6.19
11.90
5. 69
6.21
11.94
5. 60
6.33
11.83
5. 53
6.30
11.62
5.40
6.22
11.09
5.18
5.90
10.98
5. 06
5.93
.94
1.34
1 47
4.40
7.70
.91
1.34
1 51
4.52
7.92
1.03
1.30
1.65
4.81
8.08
1.05
1.26
1.62
4.48
8.28
.94
1.04
1.57
4.33
7. 97
1.04
.91
1.44
4.37
8.07
1.00
.80
1.51
4.12
8.42
27.84
28.10
28. 82
28.53
27.46
26.92
26.84
.91
. 68
1.53 !
4.01 !
8. 46
26. 18
4. Includes apparel and related products, tobacco, leather and leather products, and printing and publishing.
5. Annual figures for 1952-54 include trade, service, finance, and construction. Anticipated data for 1955 and quarterly data for 1953 and 1954 also include communications.
Source: U. S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
by Walther Lederer
The United States
Balance of Payments in 1954
JL HE principal recent influence upon the exchange of goods
and services between the United States and foreign countries
has been the continued rise in industrial production abroad,
particularly in Western. Europe. High domestic demand
which in some cases approached the available capacity in
these countries stimulated their imports while preventing
exports from rising proportionally. The resulting changes in
the international accounts led to reductions in the rate of
accumulation of gold and foreign exchange reserves, and in
the early months of 1955, even to some declines in reserve
holdings. The credit restrictions adopted by the United
Kingdom at the end of February were a result of these
developments and were intended to correct them.
In contrast, the domestic business activity during the last
quarter of 1954 was in the early stage of the current rise and
bottlenecks to the expansion of production had not developed.
These differences in the relative supply situations here and
abroad contributed to the fact that the United States balance
of payments up to the end of the year was little affected by
the change in domestic business.
Although domestic demands in the United States have
risen substantially, it has been possible for our exports to
increase also. More than half of the $600 million rise in
nonmilitary exports in the fourth quarter may be attributed
to other than seasonal factors. A substantial part of the
export rise consisted of foodstuffs and agricultural raw materials, but there was also a considerable increase in industrial
goods including steel, fuels and chemicals for which the
export demand had to compete with the rising domestic
demand.
The $120 million rise in merchandise import values
from the third to the fourth quarter was due mainly to larger
imports of coffee, fuel oil, newsprint, whiskey, and tobacco.
To a large extent this rise was seasonal. The value of coffee
imports was affected by a decline in average unit values from
76 cents per pound in the third quarter to 64 cents in the
fourth.
Imports of the major raw materials such as wool and most
of the metals declined. Rubber imports also fell in volume,
but because of higher prices rose slightly in value.
For many of these raw materials such as rubber and copper
the rise in foreign demand has led to price rises which encouraged the expansion of domestic production and, in the
case of wool, the greater use of synthetics and domestic supplies. In addition, inventories of some materials were drawn
clown thus postponing the effects of rising domestic demands
upon imports.
The United States export balance on goods and services,
excluding military end-items exported under grant-aid
programs, rose to more than $900 million, the highest amount
for the fourth quarter since 1951. At that earlier time
332950°—55
2
More grants of surplus farm products
The rise in nonmilitary grants in 1954 consisted largely of
emergency food relief grants, donations of agricultural surplus
goods distributed abroad through private relief organizations. There was also a large cash payment to Vietnam
for relief and resettlement of refugees.
Payments to France for military expenses in Southeast
Asia dropped from $136 million in the third quarter to $89
million in the fourth but dollar payments to assist the United
Kingdom in the production of military aircraft rose during
the same period from $6 million to $26 million.
Commercial credits expand
Exports rise sharply—Imports lag
NOTE.—MR. LEDERER IS A M E M B E R OF THE BALANCE
MENTS DIVISION, OFFICE OF BUSINESS ECONOMICS.
exports were stimulated by the high foreign incomes following
the outbreak of hostilities in Korea, while United States
imports were held down by the liquidation of inventories
accumulated earlier in that year. The high export balance
during the fourth quarter of 1954 was made possible mainly
by increased grants and private capital outflows.
OF PAY-
The outflow of private capital—according to preliminary
estimates—expanded substantially in the final quarter of
1954, largely because of higher medium term bank loans to
Latin America. Portfolio investments were also increased
by a $25 million issue of Australian bonds of which about
three-fourths was purchased by United States investors.
Proceeds of a Belgian bond issue were transferred after the
close of the year and are, therefore, not included in the
fourth quarter figures. These issues were the first foreign
bonds, except for those sold by Canada and the International
Bank, to be publicly offered in the United States since 1947.
The revival in the market for such securities indicates the
rising confidence in the economic and monetary stability of
the borrowing countries and the general area with which
they are economically connected. The bank loans to
Latin America, however, were very largely secured by gold
arid United States Government securities and reflect rather
a weakness in the balance of payments of the debtors due
to high import demands and marketing difficulties for their
main export commodities.
Equally divergent factors accounted also for the continued large outflow of short-term capital. Iri part, the
capital flow went to such relatively strong countries, as
Germany, Venezuela, Mexico and the United Kingdom, arid
in part it includes increased claims against countries which
were affected by the decline in coffee prices.
Foreign debts offset rise in dollar assets
Some of the rise in United States assets abroad can be
attributed to the increased usefulness of foreign currencies
for international payments and to higher yields on shortterm funds held abroad. A large part of the credits, particularly to some of the Latin American countries, should
9
SURVEY OF CUREENT BUSINESS
10
March 1955
Government expenditures sustain exports
be considered a substitution for drawings by foreign countries on their reserves, however. Although foreign gold and
dollar assets rose during the fourth quarter of 1954 through
transactions with the United States by nearly $400 million,
about the same amount as during the last quarter of 1953,
the increase after allowing for the emergency credits was
considerably less.
Of the total foreign receipts, about $5.3 billion represented
foreign expenditures by the United States Government
(including purchases for the strategic stockpile), and about
$700 million consisted of short and medium term commercial
credits. These data indicate the extent to which the high
value of exports which was reached during the year, depended
upon the dollar outflow from these sources.
The Year 1954
Net payments to Europe decline
For the year 1954 as a whole, foreign receipts from United
States imports of goods and services, Government grants (excluding those of military end items) and capital, and private
United States capital and donations amounted to about
$19.4 billion. Of this amount $17.6 billion was spent on
goods and services here and $1.7 billion was added to foreign
reserves or other dollar assets.
Transactions with Western Europe through the exchange
of goods and services, Government grants and loans, and
private United States capital movements and remittances
resulted in an excess of payments by the United States over
receipts of about $1.2 billion in 1954 as compared with about
$1.65 billion in 1953. Transactions with the United Kingdom
and the other sterling area countries in Europe accounted for
Table 1.—Balance of Payments of the United States,
[Millions of dollars]
All areas
Item
Line
1954
1953
1
Exports of goods and services, total
2
3
4
Military transfers under grants,1 total .
Supplies
Services, including freights _.
5
6
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
21, 265 20, 751
Year »
IV v
III'- IV P
II
I
5,691
4,873
5,420
7,748
7,240 1,687 1,946 1,618 1,989
826
784
42
996
940
56
708
647
61
607
551
56
3, 469
3,320
149
2,318
2, 141
177
Other goods and services, total
Merchandise, adjusted, excluding military transactions
Transportation
Travel
Miscellaneous services:
Private
_ Government, excluding military transactions
A-tilitary transactions
Income on investments:
Private
Government
„
_ _
_ _ _ _
_ _
16, 984 17,614
12, 226 12, 671
1,232 1,220
527
546
3,941
2,813
290
107
4,6951 4,165
3,478 2, 895
305
310
176
148
4, 813
3, 485
315
115
4,279
2,974
498
41
Imports of goods and services, total
Merchandise, adjusted, excluding military expenditures
Transportation
Travel
Miscellaneous services:
Private
„
Government, excluding military expenditures
Military expenditures
Income on investments:
Private
Government
Balance on goods and services
28
29
United States capital, net [outflow of funds (— )], total
30
31
32
33
Private, net, total
Direct investments
Portfolio
Short-term
34
35
36
37
Government, net, total
Long-term capital outflow
Repayments
Short-term (net)
4,281
4, 096
185
_
Unilateral transfers, net [to foreign countries ( — )], total
Private remittances
Government:
Military supplies and services
Other grants
Pensions and other transfers
40
41
42
Illr
4,767
__
24
25
38
39
II
I
1954
1953
1
3,137
2,922
215
_._
23
26
1954
1953
I
Year *>
Western European
dependencies
Western Europe
Year? I
II III*- IV P
688
707 143J 198 168
198
4,922 1,027 1,265 1,096 1,534
3,471 711 909 740 1,111
517 122 134 129 132
9
53
17
17
10
688
499
40
9
707 143 1S8 168
500 106 147 14!
44 10 12 10!
1 3
3i
10
198
133
12
3
4
15
3
(*)
(*) (*) <( *)
(z)
z)
660
625
35
681
637
44
522
472
50
455
407
48
712
172
184
807
136
167
185
40
42
204
34
42
206
31
49
212
31
34
288
74
14
365
73
16
78
25
2
95
17
4
93
16
6
99
15
4
14
1
1 679
252
1 795
'272
417
47
442
37
433
70
503
118
188
202
218
209
44
36
67
47
48
60
103
123
2
16, 424 15, 813
10,954 10, 295
1,058 1,013
895
972
3, 717
2, 514
4,000
2, 455
265
393
3,898
2, 574
250
169
45
1
4,837
2,280
523
293
4,930 1, 065 1, 320 1,267 1,278 1,126 1,109 287 293 240
2,023 447 520 484 572 907
893 240 241 181
24
499 106 149 136 108
6
24
6
59
54
54
33 117 144
348
15 15
289
231
7
12
149
4, 198
2. 752
274
261
303
267
2, 496
327
250
2, 533
80
52
592
84
57
662
83
81
626
80
60
653
217
95
1, 157
242
94
1,431
60
20
324
365
86
357
66
83
23
94
14
83
14
97
15
237
35
257
36
4,841
4,938
1,050
1, 493
873
1,522
2,911
2,310
i?
59
24
386
1
6
128
(*)
375
62
25
346
64
11
65
8
62
8
66
9
4
(=0
622
626
351
61
711 -438
— 6,707 —5 274 — 1 356 -1,479 -1,227 -1,212 -4, 845 -3, 580 -988 -954 -832 -806 -22
223 -232 -56 -56 -58 -62 -21
-473
-439
-115
-106 -111 -107
(02 (*)2
8
!
2
36
1
1
-402 -144 -95i--72|
1
-21 -6 -5 -5
-20 — 5
-91
121
4
-826
—392
-32
-996
-341
-31
-708
—382
-30
-607 -3, 469 -2,318 -660 -681 — 522 -455
-456 -1,126 -1,000 -266 -210 -244 -280
-34
—27
—8 —9
-30 —6
-597 -1,437
-206
-408
-315
-508
284
-85
5
-377 -1,545
-722
-670
178 —262
167 -613
-328
-130
-239
41
-390
-276
24
-138
-319
-122
59
-256
-508
-142
-106
-260
133
-48
207
-26
14
1 -35 -148 -81
-168
2 -18 -79
-42 -16 -10
45
95
33 -14
31
1
34
-221
70 -116
11
1
10
51
9
142
16 -116
22
28
1
(*) _ _ _ !
(*)
(*) (*)
-1 — 1 (*)
;*) (*)
(')
-5
-4
-8l
1
ll
0
3
-1
-4
7
-4
18
13
1
4
4
—65
123
-54
-126
127
-1
151
-172
334
-11
8
219 128
32 -4
51
n -62
-105 -18 -18
-12
342 121
65
70
86
9
25 -39 -12
-18
•8 -1
1,106
Foreign capital, net [outflow of funds (— )], total
Direct and long-term portfolio investments other than U. S.
207
Government securities.
-82
Transactions in U. S. Government securities
_ , .
Short-term liabilities to foreign banks and official institutions . 1,021
Other short-term liabilities
-40
1,438
226
443
10
239
69
437
84
319
63
1,057
136
1,096
208
325
24
387
61
199
70
185 -36
53
-56 -10 -211--22
6
1
2|
1|
7
1,255
-50
16
364
53
56
145
-31
62
272
19
—127
474
-91
-22
979
-36
-10
942
-44
13
292
-4
24
304
-2
4 -51
108 238 -34
17 -55
-52 -9 -20 --21
Gold sales [purchases ( — )]
1,163
298
56
8
164
70
1,026
376
63
72
171
44
Foreign capital and gold, total
2,269
1,736
499
247
601
389
2,083
1,472
388
459
370
45
Transfer of funds between foreign areas [receipts by foreign areas
(— )] and errors and omissions.
194
37
13
147
68
-433
-253 -164 -140
T
x
v Preliminary.
Revised.
Less than $500,000.
1. Includes loans and returns of military equipment.
Note.—Data for previous years may be found in the Balance of Payments 1919-53 supple-
-191
70
13
255 -23
95 -44
568
-6
3
-12 -1
4
-1 (*)
-3!
3
o
-2
-4
2
(X)
-4
-5
1
(X)
-3
2
— li
-2 -2|
(')
00
21 -5 -6
-18
-61
110
-67
43
-5
(*) (*)
122
-54
151
25
__ _ _
(X)
2
35
-4, 281 -3,137
-1,813 -1,571
-127
-140
"Hi
Z)
108
-306
511
-97
_
(x)
137 23 32 37
1 (*) (*) ( *)
-220
-716
485
11
_
4
(*)
(*)
(*)
-2
-3
(*)
-56 -10 -21 --22
-3
474 139 126 105
104
ment to the SURVEY OF CURRENT BUSINESS. Net foreign investments equal the balance on
goods, services, and unilateral transfers for all areas: 1953 year: —1866; 1954 year: —336; 1954
I, -306; 1954 II, +14; 1954 III, -354; 1954 IV, +310.
SURVEY OF CURRENT BUSINESS
March 1955
11
1954 they comprised perhaps less than one-third of our
exports to that area. This corresponds approximately to
the prewar pattern of trade which was temporarily changed
during the immediate postwar reconstruction period.
The decline in merchandise imports from Europe was to a
large extent due to smaller imports of semimanufactured
steel products and other raw materials. This reduction is
attributable to the rise in European demand as well as the
decline in our own. In fact, for many of these commodities,
including steel, exports to Europe rose, while imports from
Europe declined.
The $270 million increase in military expenditures was
almost entirely due to increased payments for offshore
procurement of military equipment for retransfer under
military grant-aid programs.
Omitting transfers of military end-items, grants and loans
dropped by nearly $200 million, although cash assistance to
net payments by the United States of about $440 million in
1953 and of $315 million in 1954. The balance with the
continental European countries changed from net payments
of about $1.2 billion in 1953 to net payments of about $900
million in 1954. The latter change can be attributed to the
$480 million rise in United States exports of goods and
services (excluding transfers of military end-items) and
changes in the movements of private United States capital.
The decline in merchandise imports was offset by a rise in
military, travel, and other services expenditures.
The export rise to Western Europe, including the United
Kingdom, most of which took place during the second half of
the year, must in part be attributed to the relaxation of
European exchange restrictions made possible by the rise in
gold and dollar reserves. Most of the increase consisted,
however, of raw materials and foodstuffs other than grains,
a reflection of the rising industrial production and incomes.
Exports of finished manufactures were less affected. In
by Area 1953 Annual and 1954 Annual and by Quarters
[Millions of dollars]
Eastern Europe
Year*
25
I
II
7
28
Year?
III' IV i>
2
6 4,048 3,809
13
3 (*)
-3 (*)
(*)
25
16
28
14
4
4
(*)
7
5
10
1
40
37
44
40
9
8
2
1
4
1
1
93
2
113
102
2
107
328
11
10
138
131
7
965 4,356 4,631 1,027 1,206 1,158 1,240 3,520 3,442
720 3,037 3,317 709 890 822 896 2,575 2,516
278 255
74
76
80 85
23 327 315
32
39 24
32
134 33
72 138
38
828 971
609 727
63
66
9
8
786
560
63
9
857
620
63
6
65
6
75
16
21
5
20
7
21
4
13
6
6
7
8
779
745
34
45
44
11
11
11
11
9
10
11
163 178
6 10
401
19
430
20
98 115
4
5
101
7
116
4
14
15
5
2
6
2
12
13
937 3,006 2,579
778 1,741 1,564
153
157
68
30
27
51
611 716
357 455
36
36
9
7
658
402
39
7
594
350
42
7
45
42
5
5
2
25
10
5
14
15
16
17
8
2
2
11
45
11
774 196 202
2
12
195
2
11
181
29
27
1 (»)
23
3
18
19
20
1
o*)1
16
2
2
21
22
401
20
-4
641
527
20
25
757
586
22
60
864
602
23
166
21
3
192
29
4
184
7
1
41
8
1
52
7
1
46
7
1
45
46
70
27
48
68
23
11
16
9
13
17
5
12
17
4
12
18
5
18
62
991
112
18
83
12
16
4
26
2
16
3
25
3
11
6
11
5
2
2
2
1
3
1
4
1
3
7
908
769
247
276
59
187
162
609 -61
120
-7 -10
A
-4
-4
5
-1
1
-2
-9
-2
-2
-2
2 («) -412 -444 -248 -131
-408 -447 -257 -129
-413 -4120 -97 -145
-155
25
-8
13 -32 -5 -9
-23
-42 -183 -503
-20
-95
85
-10
-41 162 -472
-75 -93
82
42 33 -82
-8 222 -308
1
-6
-5
-5
-4
-8
-8
-3
-1
-1
-6
O
3
1
2 ?
5
3
1
2
-2
2
2
1
-1
-2
2
2
1
-1
-2
2
2
1
-1
39
36
6
14
3
-4
-6
2
-117
47
3
-8
11
(*)
-2
-3
1
55
29 -58
-30 -14 -11
I
-82 -133
229
& -14058 -11
*
9
-1
10
-2
-10
-119
45
3 -27
20 -5
20 -15
-1
28 -61
13 -367 -366 -26 -82
-3
-3
tt
934
775
61
61
233
40
2
3
2
1
317 1,293 1,635
372
557
33
4
2
16
18
3
23
-60 -10
-7
-24 -19
24
25
-47 -11 -13
-38 -10 -10
-7 -2 -3
-9 -14 -779 -772 -155 -302 -177 -138
-10 -8i -561 -465 -103 -113 -103 -146 -93
-1
98
80 -21 -19 -19 -21
-60 -10
-7
-24 -19
26
27
28
36 -174 -152 -213 -149 -385 -68 -102
—90 -125 -57 -164 -90
-5
-62
-7
29
49 -177 -145 -199 -124 -304 -62 -78
6 -85
8 -11 -89 -135 -36 -36
4 118 -31
5 -5
12 —94
37
5 -5
38 -87 —165 -94 -39 -51
-52 -112 -59 -165
90
-29 -34
-10 -40 -61 -164 -90
-13 -38
2 -1
-5
-63
-7
-5
-62
—1
-7
30
31
32
33
-3
—36
-25
-5
— 1 -345 -31 —13
3
— 1 -405 -114 -21 -20
9 22
83
61
—1
—1
1
-4 -105
183
31
20 -36
7
71
32
86
84
30
2
79
36
40
57
8
27
-70
-16
17
18
-69 -10 -54
-1
-4
8
104
63
-52
46
12
-80 -178 -107 -125 -44
31
2 -114
434
161
202
9
55 -39
3
2
204 -18
3
1
38
39
—1
69
1
15
54
-1
69
121
3
20
52 -62
1
36
13
163 -32
2
40
41
42
-4
43
62
-2
50
13
124
76
8
-2 (*) -1
-71 -72 -130
-21
-20
-51
8
248
69
60
117
12
34
1
4 -91 -72 -148
2
3
3
114
-3
-2
1
1
-13
-11
230
30
44
1
2
-38
-25
29
-42
124
14
—4
2
-81 -6 -24
-67 -13 -18
64
6 22
1 -28
-78
-7 -14 -25
-26 -47 -121
72
19
33
24
36
-6
48
1
305
10
-31 -36 -1,590 -1,442 -309 -465 -330 -338 -93
-11 -13 -152 -125 -30 -31 -31 -33
Source: U. S. Department of Commerce, Office of Business Economics.
40
5
3
— 1 -120 -142 -35 -40
2 -54 -50 -12 -14
(*)
3
-9
5
2
1
2
3
4
30
10
8
12 3,140 3,040
11 2,419 2,342
90
93
282 296
U
-9
13
30
9
7
640
32
-7
-4
21
29
10
10
625
24
778 4,230 4,069 1,099 1,099
627 3,570 3,428 935 940
25 261
247 57 61
239
67 60
45 239
20
28
9
9
102
155 144
6 10
21
117
38
34
79
38
7
3
75
100
70
45
82
42
6
2
65
2
92
-2
"w"
995
14
13
1
355
(*)
-25
-17
III' IV v
177
166
11
9
9
160
23
10
1
II
963
13
12
1
168
25
12
1
I
155 302
149 291
6 11
11
10
1
27
1
20
12
11
Year"
III'
983 1,273
47
44
3
27
1
33
-16
1 (*)
923
652
23
108
II
772
737
35
36
34
2
(x)
888 1,033
668 797
21
22
56
81
I
965 4,392 4,678 1,038 1,219 1,167 1,254 4,299 4,214
0)
(*)
Year"
III' IV"
II
25
-27
-19
3
923
I
26
-15
5
888 1,033
Year?
III' IV t
22
U
1
II
1953
29
9 (*)
U
U
U
6 4,051 3,809
5 3,119 2,837
89
89
307 317
13
3
1
1
1
(*) (*) (*)
5
U
2
1
I
Line
1954
1953
1953
1953
International institutions
1954
1954
1954
1954
1953
All other countries
Latin American Republics
Canada
93
-91
12
9
-79 -63 -148
271
68
158
34
35
36
37
-9
2
1
-6
-11
62
70
70
191
53
-8
60
-5
-7
50 -46
34
5
200 -13
44
36
45
40 -110
12
SURVEY OF CURRENT BUSINESS
France and the United Kingdom to meet military expenditures rose to about $360 million.
Net dollar flow to Europe concentrated
The rise in direct military expenditures and the growing
emphasis in grants to assist in meeting defense expenditures
concentrated United States Government expenditures in
Europe in relatively few countries. Although these countries were thus able to purchase here more than they sold,
United States Government expenditures there were far
greater than their trade deficit. Government payments to
Germany exceeded the German merchandise trade deficit
with the United States by about $80 million; for France the
corresponding figure was about $600 million and for the
United Kingdom about $130 million. Private services
transactions and remittances further increased net payments
by the United States.
The net dollar flow to Europe thus entered the area mostly
by way of France and was distributed among the other
European countries through settlements of the French
deficits through the facilities of the European Payments
Union. After the middle of 1954 French transactions with
EPU countries were nearly in balance, so that with the
exception of special settlements of previously accumulated
debts the indirect dollar flow to other European countries
was substantially reduced.
Dollar flow interrupted
The limitations on greater purchases of American manufactures by Europe and the size and direction of United States
Government expenditures in that area contributed to the
continued excess of United States payments to Europe over
European expenditures in the United States. In 1954 this
excess amounted to about $1.2 billion, all of which was added
to European reserves. Total European dollar assets, including long-term investments in the United States increased
by about $250 million more, and nearly $200 million were
used by European countries to reduce their obligations to the
International Bank and the International Monetary Fund.
For the year as a whole, net dollar payments by Europe to
third areas, particularly Canada and the independent sterling
area, were thus more than offset by net receipts from third
areas, mainly the dependencies and various Far Eastern
countries.
The rise in European gold and dollar assets has greatly
contributed to the financial strength of most of the European
countries and facilitated the simultaneous rise in production
and relaxation of controls on international transactions in
that area during the year.
Rising European imports reduced the rate of net receipts
from areas other than the United States during the second
half of the year below those during the first half of 1954 or
the second half of 1953, but did not result in a net dollar flow
from Europe to other areas.
A net dollar flow from Europe to other areas, and from
there back to the United States as payment for United States
exports (mostly of manufactured goods, and services) would
require a considerable change in the traditional pattern of
world trade and investments. Even before the war net dollar receipts by Europe from the dependencies, the Far East
and some of the Latin American countries were more or less
offset by net payments to Canada and other parts of Latin
America, while United States transactions with Europe were
approximately in balance.
In appraising the desirability of such basic changes in the
world payments pattern, it must be considered that some of
the payments to Europe are temporary, particularly off-shore
March 1955
procurement under military grant aid programs and direct
assistance to meet military expenditures which together
amounted to more than $900 million in 1954. The additions
of these dollar payments to European reserves, therefore,,
appear to have aided world trade by avoiding temporary
disturbances.
Latin America
Transactions with Latin America with respect to goods,
services, unilateral transfers, and direct investments resulted
in net receipts by the United States of nearly $400 million in
1954 as compared with net payments by the United States
of $50 million in 1953. About two-thirds of the change was
due to higher purchases by Latin American countries in the
United States and one-third to reduced purchases by the
United States. The deficit was met mainly by long and short
term United States loans which increased from $90 million
in 1953 to $420 million in 1954.
Largely as a result of continued net dollar receipts from
other sources, including the International Monetary Fund
and the International Bank, gold and dollar holdings of
Latin American countries rose further in 1954, but at a
considerably slower rate than during the previous year.
United States exports to Latin America rose sharply in
the first half of the year in response to higher incomes
resulting from higher coffee prices and did not drop during
the second half ol the year, although incomes from coffee
sales was greatly reduced. Consequently, the reserves of
these countries were under pressure during the latter part of
the vear.
Canada
Transactions with Canada in 1954 resulted in a reduced
export balance on goods and services as compared with the
previous year. As other transactions with the United States
and net dollar receipts from third countries were relatively
stable, Canadian holdings of United States dollars increased,
particularly toward the end of the year. Increased holdings
of United States dollars held down the appreciation of the
Canadian currency which was causing difficulties for Canadian industry both in the domestic and export markets. In
order to slow down the inflow of United States capital to
Canada, and lower the exchange rate, thus stimulating
domestic production, the Canadian discount rate was reduced
to 1% percent in February of this year, the same rate as in
the United States. The reduction of the Canadian interest
rate will reduce Canadian borrowing in the United States
but is less likely to impede the outflow^ of direct investment
capital.
Asia
The United States export surplus on goods and services
with the independent countries of Asia and Africa increased
from 1953 to 1954 by about $340 million, because of reductions in both raw material imports and military expenditures
in the Far East. Interarea transfers indicate, however, that
the loss in income by these countries from merchandise trade
with the United States was in part compensated by smaller t
net payments, probably resulting from increased exports, to
other areas. Liquidations of reserves by Japan during the
first half of the year were changed to accumulations during
the second half mainly as a result of monetary policies which
reduced imports and greatly stimulated exports.
United States transactions with the independent sterling
area countries resulted in a $90 million rise from 1953 to
SURVEY OF CURRENT BUSINESS
Marc-li
13
of 1954 is not likely to be sustained. Adjustments in Latin
America and controls on excessive business expansion in the
United Kingdom would tend to reduce markets for American
goods. At the same time expanding demands in this country
may also for some commodities tighten the supply situation,
and, in fact, restrictions have already been placed upon the
export of copper and scrap.
On the other hand, a relaxation of supply stringencies
abroad for some of the raw materials imported by us and
lower domestic stocks are likely to stimulate United States
imports. These changes would result in a decline in the
export surplus which may permit net foreign dollar assets to
rise faster than during the fourth quarter of 1954.
1954 in net receipts by the United States which had to be
met by an equivalent change from net accumulations to not
reductions of the area's dollar holdings. To meet the deficit
with, the United States, the area as a whole had to depend
upon dollar receipts from other countries, mostly the sterling
area dollar pool. These transfers, however, remained about
as high in 1954 as during the preceding year.
Rise in export balance limited
The various trends affecting our international business
suggest that the upswing in exports during the second half
Table 2.—-Balance of Payments of the United States witii tlic Sterling Area 1953 Annual and 1954 Annual and by Quarters
Total
Line
1
J
_
Eur jpe
1954
Item
1954
1953 r
2
3
4
Exports of goods and service, total
IVIiSitary transfers under grants, total
Supplies
Services, including freight
. _..
5
6
Other goods and services, total
2,550 2,775
Merchandise, adjusted, excluding mili-
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
2,550 2,775
nss
HISS
Transportal ion
Travel
M iscellaneous services :
Private
Government, excluding military
transactions
IVIilitarv transact ions
Income on investments:
Private
Government
1,607 1,740
227
226
35
39
660
876 1,212
1,376
256
305
313
502
370
393
537
58
671
129
15
758
142
18
148
31
155
38
6
185
37
6
270
"3
222
19
7
228
21
7
61
61
6C
11
11
44
9
3
302
104
334
106
65
1
93
9
85
2
91
94
114
121
96
27
37
6
22
35
90 i
I
III' IV v
II
79
nss
419
58
12
232
102
;:r
96
nss
nss
968 1,006
210
287
251
258
754
64
14-
154
15
4
215
17
4
182
16
4
203
16
2
3
3
3
38
48
11
13
12
12
14
26
13
16
3
6
4
4
3
3
3
3
40
1
78
7
88
9
16
1
27
3
29
2
16
3
153
671
607
143
172
160
132
4
11
599
20
10
531
18
12
130
3
152
4
3
140
109
6
3
4
14
(*)
12
2
(*)
22
29
34
(*)
(*)
(*)
668
629 1,346 1,434
316
397
377
344
658
593
143
168
131
371
45
183
63
515
172
65
115
33
137
56
20
126
48
30
137
35
8
545
15
48
477
13
53
113
3
15
138
3
13
101
3
14
47
6
48
6
49
46
6
178
11
190
7
47
2
48
49
1
46
1
4
113
103
101
213
328
73
93
83
79
40
39
2
36
2
131
10
148
9
36
3
39
38
2
35
141 -57 -41
-8
247 -134
eg
404
87
134
11
152
9
0
-33 -153
Government, net, total _
Long-term capital outflow
Repayments
Short-term (net)
-3
—55
60
2
-60 -92 -64
33
nss
-4 -157
-20
nss nss
(*) -134
(*)
91
126
-66 -12 -16 -18 -20
2 -3
-13 -4 -3
nss nss nss nss nss
-53 -8 -13 — 15 -17
(*)
(*)
(*) (*) (*)
—7 -10
13
-90 -14 -16 -26 -34
47
59 -6 -11 -15 -27
-44 -13 -10 -31
10
12
14 -15
7
6
97
-22
—7
o
-10
-9
-2
-2
1 (*)
-3
-4
1
21
22
86
6
4
10
66
11
1
9
55
11
206 -121 -187
40
76
131
18 -11
-5 -16
35
-14
18 -11
-58
-13
-74
-58
55 195 -193 -131
12 -18
9 -61
122
-41
-52
78 195 -163 -151
9 -13
58
10
r
Revised.
*> Preliminary.
DSS Not shown separately.
nss
(*)
(*)
-4
-4
115
-4
-6
1
1
138
263
nss
(*)
nss
(*)
-4
-4
(*)
1
1
1
-1
-14
150
-5
-4
67
11
(*)
(*)
—1
75
Transfer of funds between foreign areas
[receipts by foreign areas (— )] and errors
and omissions
nss
-17
-16
399
9
(*)
(*)
(*)
297
3
3
10
2
35
45
1
4
2
126
42
1
34
7
-13
10
24
50
1
,
-16
203 -150 -168 -11
482
11
44 -34 -35 -22 -79
107
521
11
38 -38 -45
88 -71
7 -32 —72
11 -11
13 -9
3
18 -32 -63 -45 -2
-8
Gold sales [purchases (— )]
10
(*)
-47
6
Foreign capital and gold, total
1
3
34 -48 -64 -121 -6 -133
11 -15
-6 -6 -30 -30
21 -2
4
26 -19
37
19 -40 -60 -72 -54 -122
56
37
44
(*)
00
0
32 -51 -68 -66
10
1
158 -288 -200 -64 -64 -35 -37
nss nss nss nss nss nss nss nss nss nss
—52 —36 —48 —68 —983 — 151 — 44 —23 —33
0
42
(*) .....
4
-73 -60 -70 -90 -338 -210 -56 -40 -48 -66 -18
-19 -22 -20 -20 -50 -52 — 11 -15 -13 -13 -17
55
39
46 —2 -3
—56 — 10 —16 —16 —14
1
2
3
55
63
57
12
9
6
12 -16
39
43
43
258
nss
714
78
13
367
56
47
278
251
nss
64
6
2
735
4
287
nss
116
427
63
36
(*)
210
nss
52
5
2
602
190
23
nss
III- IV,
11
96
(*)
125
968 1,006
nss
I
63
5
2
M 2 (x^
1 10
Year?
102
2
(*)
116
nss
358
39
25
34
35
36
37
42
393
nss
694
12
39
370
nss
433
60
12
173
Q
Yearp
545
5
3
183
29
1953'
351
51
8
81
-30 -199
-53 — 72
79
26
-56 -153
41
502
nss
5
3
Private net total
Direct investments .
Portfolio
Short-term
40
313
riss
76
30
31
32
33
39
305
nss
6
4
-9
Foreign capital, net [outflow of funds (— )],
total
Direct and long-term portfolio investments other than U.S. Government
securities
Transactions in U. S. Government
securities
Short-term liabilities to foreign banks
and official institutions
Other short-term liabilities
256
nss
77
Unilateral transfers, net [to foreign countries (— )], total
-513 -293
Private remittances
-87 -81
Government:
Military supplies and services
nss nss
Other grants
—417 —204
38
nss
6
6
-125
__
1,376
57
1,701 1,523
203
__ 218
121
130
United States capital, net [outflow of
funds (—)], total
.
nss
IV*
22
16
24
29
876 1,212
nss
III
291
Balance on goods and services
26
27
28
660
nss
II
27
27
23
25
694
nss
I
r
222
Imports of goods and services, total2,675 2,634
Merchandise, adjusted, excluding miiiTransportation . _
..
Travel
M iscellaneous scr v ices :
Private
Government, excluding military
expenditures
Militarv expenditures _
Income on investments:
Private
Government
545
nss
1954
1953
Yearp
11 i III H l V P
I
Other countries
1954
1953
Yearp
1
Dependencies
37
39
50
107
(*)
253 -150 -168
-9 -101
296
480
50
469
74
77 -30
* Less than $500,000.
35
37
-1
— 12
3
(*)
-3
-2
-2
-1
6
1
~ 5 -16
50 (*)
126
38
(*)
268
117
1
H
3
3
256 -121 -187
241 -54 -90
1
385
-4
-4
(*)
-1
2
2
235
69
53
-8
-9
1
-5 -11
-7 -12
1
1
1
—7
-9
1
1
-30 -17
-3 -30
20
-31
-37
4
2
1
1
«*)
(*)
-1
-2
(*)
-2
39
-4 -34
-5 -45
2
1
9
(*)
1
-3
-2
-6
-8
7
—5
(*)
1
69
45
-1
61
-8
-29 -20
-2
3
-1
(*)
52
-4
-30
(*)
(*)
-30 -17
21
-1
-3 -30
20
52 -205 -213 -24 -80 -17 -92
Source: U. S. Department of Commerce, Office of Business Economics.
U. S. Families and their Purchasing Power in 1953
Billions
of Dollars
50 ~~
40
—
30
—
20
—
10
—
FAMILY INCOME
UNDER
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$1,000
TO
TO
TO
TO
TO
TO
TO
TO
TO
TO
$15,000
AND
$1,999
$2,999
$3,999
$4,999
$5,999
$6,999
$7,999
$8,999
$9,999
$14,999
OVER
$15,000
Millions
of Units
10
~
NUMBER OF FAMILIES
UNDER
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$1,000
TO
TO
TO
TO
TO
TO
TO
TO
TO
TO
AND
$1,999
$2,999
$3,999
$4,999
$5,999
$6,999
$7,999
$8,999
$9,999
$14,999
OVER
FAMILY INCOME BRACKETS
U. S. DEPARTMENT OF COMMERCE, QFFJCi OF BUSINESS ECONOMICS
by Selma F. Goldsmith
Income Distribution
in the United States, 1950-53
number of family units from
INCOME of American fami50 K million to almost 51 millies was $272 billion in 1954,
lion. Before-tax average inor slightly more than the agThis article brings up-to-date the size distributions of family
come was $5,330 in 1954,
gregate for 1953. Its stabilincome that were initiated by the Office of Business Economics
differing little from 1953.
ity reflected the various
in a supplement to the Survey of Current Business, "Income
Taking into account the
forces, reviewed in previous
Distribution in the United States, by Size, 1944-50." (U. S.
moderate rise shown by availissues of the SURVEY, that
Government Printing Office, Washington 25, D. C., 1953, price
able price indexes for consupported the flow of per65 cents.) It presents revised estimates for 1950 and new estisumer goods and services, it
sonal income during the remates for 1951 and 1953. Their derivation is described briefly
appears that the real aftercent business readjustment.
at the end of the article. For a detailed discussion of definitions
tax income of the average
Because of the reduction in
and sources and methods, and also for back-year data, the reader
American family was about
Federal individual income
is referred to the Income Distribution supplement.
the same in the 2 years.
tax rates, income after FedThe real purchasing power
eral tax liability increased by
of the average American fam$4 billion over 1953, reaching
ily increased steadily over
a total of $245X billion.
most of the postwar period through 1953. As compared with
This represented an average after-tax family income of
1929, which provides a convenient prewar benchmark, the
$4,820 in 1954. The term family is used to include unincrease in average real income after Federal income taxes
attached individuals as well as multiperson families in this
was roughly 30 percent. On a per capita basis, the increase
article, except where it is necessary to distinguish these two
was higher—about 40 percent—since the size of the family
groups. The relative increase over 1953 in average income
was larger 25 years ago than at the present time.
was smaller than that in total income because of a rise in the
Income Distribution in 1953
The frontispiece and table 1 show the 1953 distribution of
American families and of their total income by broad^ family
income brackets. These figures are preliminary. The last
comprehensive source material regarding the size distribution
of income refers to 1951 and only sample data are available
for 1953. Similarly, the estimates of tax liability are tentative. They are extrapolated from 1951 tax return information on the basis of changes in statutory tax rates and
estimates of total tax liability derived from tax collections.
1954 distribution similar
Although these estimates apply specifically to 1953, they
can be taken as representative also of the broad structure
of the consumer market in 1954. This is suggested by the
similarity of the income figures for the 2 years, both on an
aggregate and average basis, and by the stability in ^the
relative distribution of income throughout the postwar period,
which is one of the major findings of this report. However,
the impact of the Federal income tax was somewhat smaller in
1954 than in 1953 because of reductions averaging about 10
NOTE.—SELMA F. GOLDSMITH IS A MEMBER OF THE NATIONAL INCOME DIVISION, OFFICE OF BUSINESS ECONOMICS.
percent in statutory tax rates and because of revisions introduced in the Internal Revenue Code of 1954.
The bars in the bottom section of the chart show the number of families in each income range. The concentration of
families is heaviest in the middle income ranges, although a
considerable number are to be found also in the lower income
groups.
The largest number of families are in the $3,000 to $4,000
bracket. "The $4,000 to $5,000 range included the average
(median) family income, estimated at $4,410 in 1953; half
of the families had incomes below and half incomes above
this amount. The income range between $5,000 and $6,000
included the average (mean) income of $5,370.
Each of these three groups contained about 7 million
families. Thus, 21 million, or over 40 percent of the Nation's
50K million consumer units had incomes from $3,000 to
$6,000. Almost 30 percent had incomes of $6,000 or more,
and about the same proportion received incomes of less than
$3,000. Certain factors that should be taken into account
in evaluating the position of low income groups, such as the
preponderance of unattached individuals, will be reviewed
later.
As can be seen from the top panel of the chart, the distribution of income was pitched higher on the income scale
15
SURVEY OF CURRENT BUSINESS
16
than the distribution of families. The largest amount of
income per $1,000 range was received by the group with
incomes between $5,000 and $6,000, and a substantial proportion of the income total accrued to the middle income
brackets adjacent to this group. The chart shows concentration of incomes also in the upper income ranges; these, of
course, accounted for a much larger proportion of the total
consumer market in terms of incomes than in terms of the
number of families.
March 1955
turns. Thus, the effective rates on personal income shown
here are somewhat lower than those derived directly from tax
returns. Further, these effective rates represent averages on
the incomes of families differing widely with respect to
composition and size and hence with respect to tax liability.
Finally, the rates are averages on total income before deductions and exemptions, and not the steeper marginal rates,
implicit in these averages, to which increments of income
are subject.
Impact of income tax
Because of taxation, the distribution of purchasing power
differed from the distribution of before-tax incomes. In this
report allowance has been made for the impact of the Federal
individual income tax, which was the most important factor
in this connection.
In 1953, total Federal individual income tax liability was
about $30 billion, or 11 percent of before-tax income. Capital
gains taxes are excluded from this total because the gains
themselves are not part of personal income. A larger than
proportionate share of the income tax was paid by the high
income groups. For instance, families in the $15,000 and
over income bracket received approximately 15 percent of
before-tax income but accounted for about 35 percent of total
Federal income tax liability. Effective Federal income tax
rates (tax liability expressed as a percent of total before-tax
income) increased from a negligible proportion in the low
brackets to 25 percent in the $15,000 and over group.
In the interpretation of these rates several points should
be kept in mind. In the first place, the $15,000 and over
group, which is not broken down further for 1953 because of
lack of adequate information, represents the combination of
income brackets for which the incidence of the Federal income
tax is widely different. It is in these brackets that the graduation of this tax is most substantial and units high up on the
scale are subject to tax rates that are much heavier than the
Table 1.—Distribution of Families, Family Income, and Federal
Income Tax Liability, by Family Income Level in 1953
Family personal
income (before
income taxes)
Families and
unattached
individuals
Family personal income
Amount
Average
Number
Percent income
(millions) Percent of(billions
dollars)
(dollars)
Federal individual
income tax liability
Percent
of family1
income
Percent
of total
liability
Under $1,000
$1,000- $1,999 $2,000- $2,999 .
$3,000- $3,999
$4,000- $4,999 -
2.9
5.4
6.5
7.4
7.2
6
11
13
15
14
1.4
8.2
16.3
26.0
32.5
1
3
6
10
12
500
1,520
2,510
3.510
4,490
0
3.0
5.0
6.0
7.0
0
1
3
5
7
$5,000- $5,999
$6,000- $6,999
$7 000- $7 999
$8,000- $8,999
$9,000- $9,999
6.3
4.5
3.2
2.0
1.3
12
3
34.3
28.9
24.2
17.3
12.6
13
10
9
6
5
5.470
6,470
7,470
8, 460
9,460
8.5
9.5
10.0
10.5
11.0
10
9
8
6
5
$10,000-$14,999
$15,000 and over__-_
2.3
1.5
4
3
27.5
42.3
10
15
12, 090
28, 310
12.0
24.5
11
35
50.5
100
271.5
100
5,370
11.0
100
Total
I4
1. Rounded to nearest ^i percent.
Source: Office of Business Economics, U. S. Department of Commerce.
average for the group. In 1951, for instance, families in the
$50,000 and over group were subject to an effective rate of
40 percent as compared with a rate of 24 percent for the
$15,000 and over group as a whole.
Secondly, personal income is defined to include elements
that are not taxable, such as certain types of income in kind
and transfer payments; also for various reasons other forms
of personal income are not fully reported on income tax re-
Table 2.—-Families and Their Incomes by Family Income Level,
1947 and 1953
Family personal
income (before
income taxes)
Number of
families and
unattached
individuals
(millions)
Family personal
income (billions
of dollars)
Percent distribution
Number
1947
1953
1947
Income
1953
1947
1953
1947
1953
Under $] ,000
$1,000-$! ,999
$2.000-$2,999
$3,000-$3,999
$4,000-$4,999_-
3.7
7.4
8.5
8.6
5.7
2.9
5.4
6.5
7.4
7.2
2.0
11.2
21.2
30.0
25.6
1.4
8.2
16.3
26.0
32.5
8
16
19
19
13
6
11
13
15
14
1
6
12
16
14
1
3
6
10
12
$5,000-$5.999
$f\000-$7,499
$7,500-$9,999
3.5
3. 1
2.2
6.3
6.2
4. 8
19.0
20.8
18.4
34.3
41.8
41.2
8
7
5
12
12
10
10
11
10
13
15
15
1.2
.8
44.7
2.3
1.5
50.5
14.3
22.1
184. 6
27.5
42.3
271.5
3
2
100
4
3
100
8
12
100
10
15
100
$10,000-$14,999
$15. 000 and over
Total
Source: Office of Business Economics, U. S. Department of Commerce.
For the broad income groups shown, the impact of the
Federal income tax modifies the pattern of the before-tax
income distribution but does not change its general outline.
However, if the $15,000 and over income group could be
broken down further, it would become evident that families
in successively higher positions on the income scale experience
a marked progressive reduction in their share of total aftertax purchasing power as compared with their share of total
before-tax income. In 1951, for example, families in the
$50,000 and over income groups received 3% percent of total
before-tax income but accounted for only 2% percent of
after-tax purchasing power.
Broad income groups
Additional light is thrown on consumer income and purchasing power if the size distribution data are expressed in a
manner that serves to summarize the income position of the
Nation's families relative to each other. This is done in
the accompanying chart in which families have been ranked
according to the size of their before-tax income and divided
into five groups of equal number. For each group, and also
for the top 5 percent, the chart shows its percentage share of
total before-tax income, of total Federal individual income
tax liability, and of total after-tax income.
Families with incomes under $2,300 comprised the lowest
fifth of consumer units in 1953 and received about 5 percent
of total before-tax income. The next two groups also accounted for proportions of before-tax income that were
smaller than their relative numbers. The remaining two
groups received a larger than proportionate share, with the
top fifth accounting for almost 45 percent of the income total.
The graduated character of the Federal individual income
tax is shown by this presentation also. The lowest fifth of
SURVEY OF CURRENT BUSINESS
March 1955
consumer units was responsible for 1 percent of total tax
liability, in sharp contrast to the top fifth which accounted
for 64 percent. The relative payments of the top group
would be higher if the portion of the Federal income tax
relating to capital gains had been included.
The effect of the Federal income tax can be seen by comparing the proportions of before- and after-tax incomes.
For all but the top group, percentage shares of after-tax
income were somewhat larger than those of before-tax
17
income. In contrast the relative share of the top fifth as a
whole was reduced moderately as a consequence of the tax.
Within this group the effect of the Federal income tax
becomes more marked at successively higher points on the
income scale. For instance, the proportion of the top 5
percent of families comprising units with incomes over
$12,100 was reduced from almost 21 to 18 percent, or by
one-eighth. Even more substantial reductions are found in
yet higher income ranges.
Changes in Income Distribution, 1947—53
Most of the postwar period was characterized by an
upsweep of money incomes which reflected in part the advance in the price level. From 1947 to 1953 total family
income, both on a before- and after-tax basis, rose by almost
50 percent. Average current dollar family income, shown
in the accompanying chart, rose by about 30 percent, as the
number of families increased one-eighth over the period.
Current dollar incomes
Table 2, which is on a before-tax basis, shows that the
1947-53 increase in income was widely distributed and resulted in a broad shift of families from the income ranges
under $4,000 into higher income brackets, and that a similar
shift occurred also in the distribution of total income. Thus
the number of families with incomes of less than $4,000 decreased by one-fifth. In contrast, the number with incomes
over $4,000 increased by more than 70 percent and the total
amount of income in this range increased by more than 80
percent. As a consequence of the general upward shift, the
largest amount of income per $1,000 range was found in the
$5,000 to $6,000 bracket in 1953, as compared with the
$3,000 to $4,000 bracket in the 1947 distribution.
In terms of the major types of consumer groups included in
the overall distribution, it is found that the upward shift
between the two terminal years of the comparison reflected
mainly the experience of the nonfarm groups. The income
of farm operator families underwent considerable fluctuations
Distribution of Family Income, Federal Income Tax, and
After-Tax Income in 1953
PERCENT OF TOTAL
PERCENT OF TOTAL
80
80
60
40
FEDERAL
INCOME TAX
AFTER-TAX INCOME
BEFORE-TAX INCOME
\
20
FL
I
r
n
if
' xXX>
C&Sc
LOWEST FIFTH
SECOND
THIRD
FOURTH
HIGHEST FIFTH
TOP 5%
(INCOMES UNDER
$2,300)
(INCOMES OF
$2,300 to 3,750)
(INCOMES OF
$3,750 to 5,130)
(INCOMES OF
$5,130 to 7,050)
(INCOMES OF
$7,050 and over)
(INCOMES OF
$12,130 and over)
0. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
332950°—55
3
SURVEY OF CURRENT BUSINESS
18
during this period, and after reaching very high levels both
in 1948 and in 1951 declined thereafter.
Real incomes
Although in part the increase in family income from 1947
to 1953 reflected the rise in prices, the growth of real incomes
was also substantial over the period. In terms of aggregate
amounts, real income (measured in constant dollars) increased by one-quarter, both on a before- and after-tax
basis, and the increase in real income per family was about
10 percent.
Average Family Income
BEFORE-TAX INCOME
DOLLARS
6,000 I
4,000
2,000
AFTER-TAX INCOME
4,000 -
2,000
1947
I960
1951
1953
1954
U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
It is apparent that an allowance for the changing purchasing power of the dollar would greatly dampen the upward
shift of family units and dollar incomes that is shown in
table 2. However, the constant dollar figures indicate that
there occurred an upward shift on the real income scale also,
March 1955
although it was more moderate. This increase in the number of relatively well-to-do families is significant from the
standpoint of evaluating the structure of consumer demand
since changes in patterns of spending are to a large extent
dependent on changes in the size of real income.
Relative income changes
The relative extent to which different income groups have
shared in the rise of income that occurred in the postwar
period is shown in the accompanying chart and in table 3,
in which percentage shares of income received by successive
fifths of consumer units are given for selected years. The
essential stability in shares of before-tax income for the past
decade is clearly shown. Only slight shifts are apparent,
such as the fractional increase in the relative share of the
three middle groups and the correspondingly small reduction
in the share of the top fifth. Seen against the background of
the major changes in the economy that have occurred since
1944, including demobilization and reconversion, the postwar
inflation, and the Korean conflict, the stability of the relative
income 1distribution in this period is a finding of major
interest.
It should be emphasized that the stability in relative income distribution shown by these figures does not mean that
all individual families kept their same relative position on
the income scale as incomes increased. New family units
were formed and older ones disappeared, and many families
that continued throughout the decade shifted their position
in relation to one another at the same time as the distribution as a whole shifted upward along with the rise in average
incomes.
After-tax relative income shares, shown in the right section of table 3, were also essentially stable from 1950 to
1953. (Corresponding after-tax estimates have not been
prepared for earlier years.) Rates of individual income tax
have changed over this period, and have resulted in changes
in its graduation. These changes, however, have not been
large enough to modify significantly the relative impact of
the tax on the broad income groups shown in the table, and
a more detailed analysis would be necessary to bring out
their differential effects.
The relative size distribution of income during the postwar period
differs from the patterns observed for the 1930's
and 1920?s. Comprehensive data for these earlier periods
covering all years and all income ranges are not available,
but such information as exists indicates that the relative
share of the upper income groups has been significantly
lower in recent years than in the prewar period.
The reduction has apparently reflected two factors: First,
a decrease in the relative importance in the income total of
types of income—such as dividends—which accrue in large
proportions to the upper income groups; and second, a reduction in dispersion within major income types, particularly
wages and salaries. The postwar data show considerable
stability in the proportions of the major income types and
also in the dispersion of wages and salaries, and are in harmony, therefore, with the stability in the relative size distribution of total family income in this period.
1. The pattern of stability holds also for the nonfarm multiperson family group taken by
itself. This distribution differs from the overall distribution mainly in level. The income
distribution of nonfarm families is pitched higher on the income scale than that of farm
operator families and unattached individuals; the two lowest fifths of nonfarm families receive somewhat higher proportions of the total income accruing to nonfarm families than the
corresponding percentages shown in table 3. The two top groups account for somewhat lower
shares.
SURVEY OF CURRENT BUSINESS
March 1955
19
Family Groups and Individuals
The great bulk of the 50% million consumer units in 1953
consisted of nonfarm families. Comprising all units of two
or more persons other than the farm group, they numbered
more than 35% million. Farm operator families—all families operating farms whether tenant- or owner-operators—
totaled about 5% million. This group includes full-time
farmers as well as families whose farming operations represented only secondary pursuits. Unattached individuals,
consisting of persons not living with relatives, numbered 9%
million. About three-fifths of them lived in their own dwelling units, and the remainder as lodgers or servants in
private homes or in boarding houses and hotels.
Summary data relating to these three broad groups are
shown in table 4. The nonfarm family group received 84
percent of total income. Its average income was by far the
highest—$6,390 as compared with $3,460 for farm operator
families, and $2,630 for unattached individuals.
In the light of these averages, it is not surprising to find
marked differences in the distribution by income size brackets
among the three groups. Table 5 shows the predominance
in the lower income ranges of unattached individuals and
farm operator families. Of the 8 million consumer units
with incomes under $2,000, 4 million were individuals and 2
million were farm families. Nonfarm families predominated
in the middle and upper income ranges. For example, they
comprised more than 17 million of the 20 million consumer
units in the brackets between $4,000 and $7,500, and 8
million of the 8% million in the range above $7,500.
The disparity in the three income distributions is shown
also by the percentage calculations in table 5. Among nonfarm families only 6 percent are estimated to have had
personal incomes under $2,000, and fewer than 30 percent
received incomes under $4,000. For farm families, the corresponding percentages were 37 and 72, and for individuals
Percent Distribution of Before-Tax Family Income
Income
Groups
-100
TOP
5%
-80
HIGHEST FIFTH
ki
-60
FOURTH
-40
ki
I
THIRD
-20
SECOND
LOWEST FIFTH
1944
0. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
1946
1947
1950
1951
1953
55-16 - 10
SURVEY OF CURRENT BUSINESS
20
46 and 83. In contrast, the proportions of nonfarm families
in the middle and upper income brackets were much higher
than those for farm families and individuals.
Low income groups
These differences among the three component income distributions throw additional light on the significance of the
overall data. In particular, they permit a partial evaluation
of the economic position of consumer units in the low brackets
of the income scale.
March 1955
uals. Thus, on a per capita basis, the relative position of
families and individuals is actually reversed. Undoubtedly
the per capita figures give too favorable an impression of,
the relative position of individuals since they do not take
into account economies of family living, differences in the
adult-versus-child composition between the two groups, and
the higher rates of taxation to which many individuals are
subject. Nevertheless, they indicate that a substantial
allowance for differential needs and responsibilities is in order
in evaluating the income distribution of this group.
Table 5.—Major Groups of Consumer Units by Family Income
Level in 1953
Table 3.—Distribution of Before- and After-Tax Family Income,
1944-53
Number
Percent distribution
[Percent]
Income after Federal
individual income tax
liability
Family personal income
Quintile
Lowest.2
3
.
4
Highest- .
Total
Top 5 percent
1944
1946
1947
1950
1951
1953
4.9
10.9
16.2
22.2
45.8
5.0
11.1
16.0
21.8
46.1
5.0
11.0
16.0
22.0
46.0
4.8
10.9
16.1
22.1
46.1
5.0
11.3
16.5
22.3
44.9
5.0
11.3
16.5
22.3
44.9
5.1
11.4
16.8
22.7
44.0
5.4
11.9
17.2
22.8
42.7
5.4
12.0
17.2
22.8
42.6
100.0 100.0 100.0 100.0 100.0 100.0
100.0
100.0
100.0
19.2
18.4
18.2
20.7
21.3
20.9
21.4
20.7
20.7
1950
1951
Family personal
income (before
income taxes)
NonTotal farm
(mil- families
(millions)
lions)
Farm
operator
families
(millions)
2.9
5.4
6.5
7.4
7.2
0.2
1.7
3.3
5.1
5.9
0.7
1.3
1.1
.8
.6
2.0
2.3
2.1
1.4
.7
6
11
13
15
14
1
5
9
14
17
12
25
20
15
10
21
25
22
15
8
6.3
6.2
4.8
5.6
5.8
4.5
.3
.3
.2
.4
.2
.1
12
12
10
15
16
13
6
5
4
4
2
1
2.3
1.5
2.1
1.4
.1
.1
.1
.1
4
3
6
4
2
1
1
1
50.5
35.6
5.5
9.4
100
100
100
100
Unattached
Farm Unatindivid- Total Nonopera- tached
farm
uals
tor individfamilies families
(miluals
lions)
1953
Source: Office of Business Economics, U. S. Department of Commerce.
Under $1,000
$1,000-$! ,999
$2,000-$2,999
$3,000-$3,999
$4,000-$4,999 _
$5,000-$5,999
$6,000-$7,499
$7,500-$9,999
_ -
$10,000-$14,999
$15 000 and over
Total
While these brackets include large numbers whose living
standards are inadequate, the total number in these brackets
may give an exaggerated view of the extent to which this is
the case. It is necessary to take account of special characteristics which make the income of many low income recipients an imperfect measure of their actual economic status.
The requirements of individuals, for instance, are smaller
than those of typical multiperson families because income is
not usually shared with other household members. Also,
individuals include large numbers—mostly young persons—
who were not in active economic life for all of the year and
whose part-year earnings, which are reflected in the statistics, are not an adequate measure of their actual command
over goods and services during the year.
The following figures are suggestive of the nature of the
correction necessary to allow for differential requirements.
In 1953, when income per family (farm and nonfarm) averaged $6,000, the per capita income of these families was
$1,680 as compared with an average of $2,630 for individ-
In connection with farm operator families, it should be
noted that the 1953 distribution reflects the fact that the
average income of the group in that year was below its 1951
peak, although higher than in most others years of the postwar period. (Off-the-farm income is included along with net
income from farming in determining family personal income
for farm operator families.) Thus relatively more of the
farm families were concentrated in the lower income ranges
in 1953 than in the peak year 1951. For instance, about 37
percent are estimated to have received incomes below $2,000
in 1953 as compared with 31 percent in 1951.
More basically, in determining farm family income food
and fuel produced and consumed on farms is valued at farm
prices, in conformity with the design of the national income
accounts. An alternative valuation at retail prices would
have added to farm operators' incomes and removed some of
the farm units from the low income range.
Table 4.—Major Groups of Consumer Units in 1953
Table 6.—Family Composition in 1952
,
Source: Office of Business Economics, U. S. Department of Commerce.
—.__
. ,
Consumer units
Major group
Nonfarm families
Farm operator families
All families
Unattached individuals
Total
Amount
Number
Average
(bilincome
(milPercent lions
of Percent (dollars)
lions)
dollars)
35.6
5.5
41. 1
9.4
50.5
84
6,390
19.0
7
3,460
81 246. 7
91
6,000
24.8
9
2,630
100 271.5
100
5,370
70 227. 7
11
19
Source: Office of Business Economics, U. S. Department of Commerce.
Percent of families
Average number of —
Family personal income
Quintile l
Lowest
2
3
4
Highest .
Earners
Persons 14 years
per
old and
family over per
family
3.19
3.55
3.63
3.63
3.72
.02
.34
.44
.63
.96
Children under 18
years
Median
age of
With
Without With
heads
children only 2 aged 65 family
Per fam- under 18 persons years old head
ily with years
Per
and over
family 1 or more
children
1.11
1.35
1.40
1.31
1.07
2.42
2.31
2.21
2.06
1.97
54.3
41.4
36.6
36.4
45.6
51.9
35.6
29.1
26.5
24.6
30.0
12.9
7.9
6.5
7.9
54
43
41
42
46
1. Families of two or more persons ranked by size of family money income (before income
taxes).
Source: Office of Business Economics, U. S. Department of Commerce, based on Census
Bureau data.
March 1055
SURVEY OF CURRENT BUSINESS
Furthermore, it is generally agreed that price levels are
somewhat lower for rural than for urban families mainly
because of differences in the regional distribution of the two
groups. If allowance could be made for this factor, the
result would also be some reduction in the number of low
income farm families relative to that of nonfarm units.
An additional specific factor which should be taken into
account is that, on the average, farm families are probably
subject to lower effective rates of taxation than the nonfarm
groups. More generally, there are such substantial differences between rural and urban modes of living that it is very
difficult to make meaningful comparisons of economic status
between these groups.
Some of the factors which have been reviewed affect the
distribution of nonfarm families also, but their quantitative
importance is much smaller. For instance, the presence of
part-year earnings affects the interpretation of the nonfarm
family distribution, since some young couples that are included in the low ranges of that distribution did not have
independent economic status throughout the year. Also,
differential needs and responsibilities that have been mentioned in connection with individuals, must be taken into
account in the case of multiperson families as well. Information contained in table 6 throws some light on this point.
This table summarizes information on the composition of
families in each quintile, derived from sample data collected
by the Bureau of the Census in a field survey of 1952 family
incomes. Although based on a somewhat different definition
of income, broad inferences may be drawn with regard to
corresponding fifths of families shown in this study.
Particularly relevant in the present connection are the
data relating to the average size of family, the proportion of
families without children, and the age of the family head. It
can be seen that the average family size is substantially
smaller in the lowest fifth than higher on the income scale;
that the proportion of families without any children is largest
in the bottom group; and that the average age of the family
21
head is also largest in that fifth. All these facts make it
reasonable to infer that family needs and responsibilities were
smaller on the average among the low income groups than in
the higher income ranges, and that the distribution of multiperson family incomes, as w^ell as that of unattached individuals, should be interpreted with this in mind.
The prevalence of aged couples in the bottom group draws
attention to another factor which is relevant in the case of
individuals as well. The economic status of retired people is
not always measured comprehensively by their current income because they plan as a matter of course to supplement
such income by accumulated savings.
Furthermore, there is considerable turnover in the low income groups, both among multiperson families and individuals. This turnover reflects on the one hand such factors as
temporary sickness, unemployment and business loss, and,
on the other hand, the passing up and down the income scale
that is part of the normal economic life-cycle of the typical
f amity unit.
Top income groups
In general, turnover of this type causes a wider dispersion
of incomes measured on an annual basis than would be shown
by an income distribution in which income receipts were
summed over a number of consecutive years. Thus, the
number of families in the higher, as well as in the lower, income ranges in any given year is composed partly of units
that are located there only temporarily.
In the interpretation of the statistics for upper income
groups other characteristics of the income definition should
be kept in mind as well. Most important, perhaps, is the
fact that capital gains and losses are not counted as part of
personal income, and that the earnings of stockholders are
measured by their dividend receipts, without taking into
account changes in their share of undistributed corporate
earnings.
Technical Note
The main source materials on which the estimates of income size distribution are based are the statistics from
Federal individual income tax returns prepared in summary
form by the Internal Revenue Service, and the sample data
on family incomes collected in annual field surveys of the
Bureau of the Census and the Federal Reserve Board. The
income size distribution series presented here for the period
through 1951 were derived by a systematic combination of
these two sets of statistics. As part of the integration procedure the basic data were adjusted so that the totals for the
various types of income—wages and salaries, noncorporate
business income, dividends, etc.—would agree with the independently estimated totals included in the Office of Business
Economics aggregate personal income series.
A detailed description of the methods of combining and
adjusting the tax return and sample survey statistics to
derive the income distribution estimates for 1944-47 is included in "Income Distribution in the United States, by
Size, 1944-50" (U. S. Government Printing
Office, Washington 25, D. C., 1953, price 65 cents.) 2 The following descrip2. It may be noted that revisions have not been made in the 1944-47 size distribution series
> incorporate the revised estimates for these years of aggregate personal income and its component income types that have been prepared subsequent to the Income Distribution supplement. Most of these revisions were small and in view of the detailed statistical procedures
in constructing size distributions and the minor changes that could be anticipated, it did not
seem worthwhile to revise the distribution series for this period. The largest revisions applied
to the net farm income totals for 1946 and 1947 which were reduced by about $1 billion. Thus
the size distribution series overstates somewhat the economic status of farmers in these two
years. For other types of income the revisions were much smaller, and for total family personal income they did not exceed $500 million or less than 0.3 percent of the total.
tion relates to the estimates of income size distribution for
later years.
Before-tax distributions for 1950 and 1951
As described in the Income Distribution supplement, the
basic procedure used to derive income size distribution estimates for nonfarm families and unattached individuals for
1944-47 involved the following main steps: (1) The derivation from consolidated Federal individual income tax returns
of a distribution of individual earners by size of their wagesalar}^ or nonfarm entrepreneurial earnings; (2) the combination of these individual earners into family units classified by
size of family earnings, based on relationships between individual and family earnings determined from the Census
Bureau sample survey data; and (3) the addition of other
types of income to family earnings to obtain the distribution
of nonfarm families by family personal income level.
For 1950 and 1951, a somewhat different integration of the
source material was suggested by two considerations. In
the first place, the split-income provision introduced for
Federal income tax returns in 1948 led to a sizable increase
in the number of two-income joint returns of husbands and
wives which would require separation under step (1); many
couples formerly filing two separate returns reported their
combined income on a joint return once the split-income
22
SURVEY OF CURRENT BUSINESS
provision went into effect. In view of the lack of adequate
up-to-date information for separating these returns a methodology which would omit this step seemed in order.
A second reason for amending the earlier procedure was
the lack of current sample survey data on the relationships
between individual earner distributions and family earnings
distributions, such as were used in step (2) of the 1944-47
procedure. The latest Census Bureau sample data that
included the necessary cross-classification of these earnings
statistics referred to 1946. However, more nearly current
data providing a bridge between tax returns and families
classified by levels of total income (i. e., including dividends,
interest, rents and other types of income in addition to
earnings) were available from the Census Bureau samples.
This suggested a methodology in which tax returns would
be converted into family units at a stage where the former
were classified not by levels of earnings as in the earlier
methodology, but by levels of total income.
The following is a summary of the major steps for deriving
the nonfarm family income distributions for 1950 and 1951.
First, Federal individual income tax returns in each year,
classified by adjusted gross income brackets in the tabulations
available from the Internal Revenue Service (IRS), were
shifted to brackets representing income exclusive of net
capital gains. The shifting of returns reporting such gains
(and of their incomes exclusive of such gains) was based on
IRS tabulations for the two years which showed these
returns cross-classified by adjusted
gross income brackets
and by net capital gain brackets.3 In the shifting procedure
four major groups of returns distinguished in the IRS
tabulations were treated separately: joint returns of husbands
and wives, separate returns of husbands, separate returns of
wives, and single returns.
Second, the returns were combined into family units.
Incomes reported on separate returns of husbands and
wives—a relatively small group in this period—were combined on the basis of an estimated cross-distribution in
which the husbands were classified by size of their own
income and cross-classified by size of the wife's income. The
main combination step, however, was the addition of the
income of supplementary family income recipients (other
than wives) to that of heads (including husband-wife
combinations).
The combination was accomplished mainly on the basis of
an unpublished Census Bureau study in which the 1949
Federal individual income tax returns filed by a sample of
family members that were included in the Census Bureau's
field survey of family incomes for that year were tabulated.
These tabulations (a) provided distributions of family heads
(or husband-wife combinations), and of supplementary
income recipients, by size classes of income reported on their
income tax returns, with each group further classified by
the number of income recipients in the family of which they
were a part, and (6) cross-classified the supplementary
income recipients in each income bracket by size of the income of the family head (or husband-wife combination)
reported on tax returns. On the basis of (a), returns in each
bracket of adjusted gross income less capital gain were subdivided into the following eight groups: heads of families (or
husband-wife combinationsJ with 0, 1, 2, or 3 or more
supplementary income recipients; supplementary income
recipients in families with 1, 2, or 3 or more such recipients;
and unattached individuals.
For families with no supplementary income recipients —
by far the largest group—and for unattached individuals, the
distributions required no combination. For families with
3. The statistical procedures for cross-subtraction (and also for cross-addition mentioned
in the following paragraphs) are described in footnote 9, page 36 of the Income Distribution
supplement.
March 1955
one supplementary income recipient, the incomes of family
heads (or husband-wife combinations) were combined with
the incomes of supplementary recipients on the basis of the
information under (6). For the relatively small groups oi
families with two or more supplementary income recipient:*,
where the sample data were too scanty to provide adequate
cross-tabulations, the individual income recipients were
combined into family units by procedures similar to those
usecl in earlier years for combining individual earners into
families, as described on page 51 of the Income Distribution
supplement. A combined all-family distribution was then
obtained by adding the distributions for the various numberof-income-recipient groups.
The third step was to subtract farm operator families
included in the tax-return-based all-family distribution.
Estimates of the numbers and amounts of income to be subtracted in each income bracket (including amounts from
nonfarm sources as well as reported net farm income)
were derived from IRS tabulations of tax returns reporting
proprietorship income in the farming industry and sample
statistics giving source patterns of income for farm operators
in various income brackets. As described in the Income
Distribution supplement, the size distribution series for the
farm group, unlike that for nonfarm families, is not based
on tax return data.
Finally, the nonfarm family distribution in each year was
adjusted to add families riot filing tax returns and types oJ
income not covered on returns, and also to adjust reported
amounts of income so as to agree with the control totals
included in the personal income series of the Office of Business Economics. Control totals of the aggregate amounts
of income, by type of income, and of the total number oi
families were derived as explained on pages 53 and 78 of the
Income Distribution supplement. Families not filing returns were included initially by substituting the number oi
families with incomes under $1,000 shown in the inflated
sample surveys of the Census Bureau for the corresponding
number derived in preceding steps. The total number oi
nonfarm families in the distribution at this point agreed
very closely with the control total number of such families
that had been established.
To add the income not accounted for, a comparison was
first made between the amounts of each major type oi
income—wages and salaries, business and partnership
income, dividends, interest, rent, etc.—covered in the taxreturn-based distribution for nonfarm families and the
corresponding control totals for that group developed from
the personal income series.
Detailed information was available for earlier years, as
described in the Income Distribution supplement, on the
distribution by income brackets of certain major elements
of income that had to be added (nonmoney income, social
security benefits, and other transfer payments.) A distribution by family income brackets of the total amount oi
income not covered in the tax-return-based nonfarm family
distribution was estimated, taking into account this information, the distribution of reported taxable incomes, and the
results of the IRS audit studies for 1948 and 1949. The
amount of additional income in each income bracket was
added to the reported amount, and the families were shifted
up the income scale by using the interpolation procedures
described on page 61 of the Income Distribution supplement.
The several steps described above were also carried through
for the year 1947 in order to determine whether the change
in methodology had introduced any basic differences in the
income distribution series for nonfarm families. The
resulting distribution was found to be closely similar to that
presented for 1947 in the Income Distribution supplement.
Since the split-income provision for tax returns was not in
operation in 1947 and since the sample data used in the
SURVEY OF CUEEENT BUSINESS
March 1955
23
Income Distribution supplement for combining earners
into families applied to the adjacent year 1946, the 1947
income distribution for nonfarm families in the supplement
provided more reliable figures for that year than the procedure described above.
For farm operator families, the income distributions for
1950 and 1951 were derived by essentially the same procedures that are described in the Income Distribution
supplement and are subject to the same limitations. The
estimates for unattached individuals were obtained by extrapolating the 1947 figures derived in the supplement on the
basis of the increase in the average income of the group,
on the assumption that relative income
differences among
these individuals had not changed.4 It may be noted that
detailed income-tax-based estimates for unattached individuals showed practically no change in relative income distribution during the 1944-47 period.
For 1950 and 1951, Federal individual income tax liabilities of families classified by family personal income
brackets represent essentially a rearrangement of the
liabilities reported on individual income tax returns as
tabulated by the IRS. In broad outline, the procedure for
deriving the family liability figures was to shift the reported
liabilities (after subtracting estimated liabilities on capital
gains) along with the returns as the latter were combined
into family units and shifted from adjusted gross income into
family personal income brackets by the procedures outlined
above. Amounts of tax liabilities on capital gains that were
subtracted were estimated on the basis of IRS tabulations
showing for each adjusted gross income bracket the amounts
of statutory net capital gains segregated for alternative tax,
and the amounts taxed at ordinary rates. The tax on the
former was derived by multiplying segregated gains by the
alternative tax rate and that on the latter by multiplying
other gains by the average effective tax rate in each bracket.
Before-lax distributions for 1953
For unattached individuals, 1950 liabilities were estimated
from statutory tax rates as described on pages 74-76 of the
Tabulations of Federal individual income tax returns are
Income Distribution supplement, and those for 1951 by
not yet available for 1953 so that the estimates for that year
extrapolating the 1950 figures by changes in statutory rates
are of a preliminary character. Sample data on the size
for single persons with no dependents.
distribution of consumer units were available from the
For 1953, for which comparable information from tax
Federal Reserve Board's annual Survey of Consumer Fireturns
was not available, the estimates of liabilities were
nances which indicated that for multiperson families and for
based
on
changes in statutory tax rates. Ratios of 1953
unattached individuals, relative differences in incomes were
to
1951
average
tax liabilities for given amounts of net
essentially the same in 1953 as in 1951. Accordingly, the
income,
based
on
data
supplied by the Treasury Department,
income distribution for each group was estimated here by
were
applied
to
the
1951
liability averages for families and
extrapolating the corresponding 1951 distribution on4 the
unattached
individuals
at
corresponding
points on the family
assumption of unchanged relative income differences. A
income
scale.
similar assumption was made in the case of the farm operThe averages for 1950, 1951, and 1953 were then adjusted
ator family group, and the distribution for nonfarm families
proportionately so that when multiplied by the numbers of
was obtained by subtracting the farm distribution from the
all-family estimates. Control totals for 1953 for total consumer units in the various family income brackets they
would account for the estimated total of Federal individual
family income and the total number of consumer units were
income tax liability (as defined for the purposes of this
obtained for the three consumer groups by the procedures
report) for those years. Although based in part on tax
outlined in the Income Distribution supplement.
collection data, the estimate of total tax liability for 1953 is
Federal individual income tax liabilities
preliminary.
Distributions of families and unattached individuals by
Federal individual income tax liability is defined here as
level
of after-tax income were derived for 1950, 1951 and 1953
the liability reported on individual income tax returns plus
by subtracting Federal individual income tax liabilities from
an allowance for taxes collected through subsequent audit,
family personal income in each family income bracket, and
minus liabilities of military personnel not living with their
shifting the families down the income scale by using the
families, minus liabilities on net capital gains.
interpolation
procedures described on page 61 of the Income
4. The statistical procedures used were similar to those described in footnote 12, page 38j
Distribution supplement.
of the Income Distribution supplement.
Table 7.—Number of Consumer Units and Persons, and Aggregate and Average Family Personal Income, Selected Years, 1944-53
[Continuation of table 1 of Income Distribution supplement]
Families
Families and unattached individuals
Number of
persons *
Number
of consumer
units !
(millions)
1944
1946
1947
1950
1951
1953
.-
40.9
43.3
44.7
48.9
49.5
50.5
1. As of end of calendar year.
Total
(millions)
125.4
139.4
142.6
149. 1
151.2
156.6
Family personal
income
Average
number Amount
per con- (billions
of dolsumer
lars)
unit
3.07
3.22
3.19
3.05
3.06
3.10
147.7
170.7
184.6
217.3
242.7
271.5
Number of
persons *
Average income
Per consumer
unit
(dollars)
Per
capita
(dollars)
3, 614
3,940
4,126
4,444
4,904
5,372
1,178
1,225
1,295
1,457
1,604
1,733
Number
of families i
(millions)
33.3
35.9
37.0
39.8
40.4
41.1
Unattached individuals
Family personal
income
Average income
Total
(millions)
117.8
131.9
134.9
140.0
142.2
147.2
Average Amount
number (billions
per
of dolfamily
lars)
3.54
3.68
3.64
3.52
3.52
3.58
134.1
156.7
169.3
197.7
221.4
246.7
Per
family
(dollars)
Per
capita
(dollars)
4,027
4,369
4,574
4,969
5,477
6,002
1,138
1,188
1, 256
1,413
1,557
1,676
Family personal
income
Number
of unattached
individuals J
(millions)
Amount
(billions
of dollars)
7.6
7.5
7.7
9.1
9.1
9.4
13.6
14.0
15.3
19.5
21.3
24.8
Per
capita
(dollars)
1,797
1,879
1,978
2, 147
2,348
2,629
SURVEY OF CURRENT BUSINESS
24
March 11 CM
Table 8.—Distribution of Consumer Units and of Family Personal Income by Family Personal Income Level, Selected Years, 1944-53
[Continuation of Table 2 of Income Distribution supplement]
Number of families and unattached individuals (thousands)
Aggregate family personal income (millions of dollars)
Family personal income
(before income taxes)
1944
Under $1,000
$1,000-$!, 999
$2,000-$2,999
$3,000-$3,999
$4,000-$4,999
-
$5,000-$5,999
$6,000-$7,499_
$7,500-$9,999
_ _
_ _
___
$10,000-$14,999
$15,000-$! 9,999
$20,000-$24,999
.
$25 000-$49,999
$50,000 and over
Total
1946
1947
1950
1951
i
1953
1944
1946
1947
1950
4,352
8,108
8,762
7,723
4,535
3,826
7,606
8,791
8,590
5,364
3,748
7,370
8,459
8,628
5,725
3,861
7,464
8,091
8,586
7,054
3,227
6.022
7,164
8,192
7,455
2,866
5,433
6, 488
7,399
7,247
2,390
12, 338
21, 938
26, 960
20, 261
2,017
11,570
22, 007
29, 906
23, 956
1,973
11,231
21, 176
30, 045
25, 583
1,943
11,333
20, 273
29, 983
31, 533
2,515
2,259
1,385
3,065
2,547
1,751
3,474
3, 151
2,170
4,694
3,836
2,758
5, 580
5, 323
3,390
6,276
6,240
4.834
13, 739
14, 942
11,802
16, 725
16,833
14, 905
18, 957
20,812
18, 454
707
246
108
1,070
332
143
1,199
386
167
1.536
414
218
1.899
523
274
2.273
8,483
4,215
2,395
12, 784
5, 692
3, 165
140
40
191
54
208
55
294
84
336
95
4,651
3, 607
40, 880
43, 330
44, 740
48, 890
49, 480
147,721
1.494
50, 550
1953
1951
1.427
8,242
16, 304
25, 988
32, 521
25, 603
25, 578
23, 364
1,680 ;
9,084 !
17,945
28,696 1
33, 552
i
30,502 !
35,596 !
28,531 !
14, 300
6,586
3.700
18, 310
7,083
4,826
22,617 '
8,933 i
6,063 |
27, 492
6,308
4,837
6.879
4.902
9.743
7,690
11,097 I
8 356 |
170, 705
184, 598
217,262
242,652 i
34,315
41, 781
41,196
42, 279
271,545
Percent distribution
10.7
19.8
21.4
18.9
11.1
8.8
17.6
20.3
19.8
12.4
8.4
16.5
18.9
19.3
12.8
7.9
15.3
16.6
17.6
14.4
6.5
12.2
14.5
16.5
15.1
5.7
10.8
12.8
14.6
14.3
1.6
8.4
14.9
18.3
13.7
1.2
6.8
12.9
17.5
14.0
1.1
6.1
11.5
16.3
13.8
0.9
5.2
9.3
13.8
14.5
0.7
3.7
7.4
11.8
13.8
0.5
3.0
6.0
9.6
12.0
6.2
5.5
3.4
7.1
5.9
4.0
7.8
7.0
4.8
9.6
7.9
5.6
11.3
10.7
6.8
12.4
12.3
9.6
9.3
10.1
8.0
9.8
9.9
8.7
10.2
11.3
10.0
11.8
11.8
10.8
12.6
14.7
11.8
12.6
15.4
15.2
$10 000-$1 4, 999
$15,000-$! 9,999
$20,000-$24,999 -
1.7
.6
.3
2.5
.8
.3
2.7
.8
.4
3.1
.8
.4
3.8
1.1
.6
4.5
5.7
7.5
3.3
1.9
3^6
2.0
8.4
3.3
2.2
9.3
3.7
2.5
10,1
{ 2 . 1.6
9
$25 000-$49,999
$50 000 and over
.3
.1
.4
.1
.5
.1
.6
.2
3.1
2.4
3.7
2.8
3.7
2.7
4.5
3.5
4.6
3.4
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Under $1,000
$1,000-$! ,999
$2,000-$2,999
$3,000-$3,999
$4,000-$4,999
_ __
.
$5,000-$5,999
$6,000-$7,499
$7,500-$9,999
. _.
Total
1 „
J
100. 0
100.0
I
i
15.6
100. Q
Table 9.— Distribution of Family Personal Income and Federal Individual Income Tax Liability Among Quintiles and Top 5 Percent of
Consumer Units, 1950, 1951, and 1953
[Continuation of Table 3 of Income Distribution supplement; data for 1950 replace those in Tables 3, 21, and 22 of the supplement]
Quintile
Family personal income Tax liability
1950
Lowest
2
3
4
Highest
.
-
_ _._ -
Total
Top 5 percent
1951
Lowest
3
4
Highest
.__..._.
Total
Top 5 percent
AftOT tax
income
_
. . _ _ . _
Total
Tou 5 percent
1. Rounded to nearest $10.
^nmi^16
m; Tax liability
; ^^f
j (dollars)
After-tax income
(dollars)
Tax rate
(percent)
4.8
10.9
16.1
22.1
46.1
0.9
4.7
8.7
15.9
69.8
5. 1
11.4
16.8
22.7
44.0
100.0
100.0
100.0
4,444
375
4,069
8.4
21.4
45.8
19.2
19,066
3,432
15, 634
5.0
11.3
16.5
22.3
44.9
1.2
5.6
9.7
18.2
65.3
5.4
11.9
17.2
22.8
42.7
1,221
2, 775
4,034
5. 473
11.016
30
136
236
442
1, 591
1,191
2,639
3,798
5, 031
9,425
100.0
100.0
100.0
4,904
487
4,417
9.9
20.7
41.6
18.4
20,287
4,053
16, 234
5.0
11.3
16.5
22.3
44.9
1.4
5.9
10.5
18.7
63.5
5.4
12.0
17.2
22.8
42.6
1,341
3,045
4.420
5, 993
12, 060
41
175
311
555
1,884
100.0
100.0
100.0
5,372
20.7
40.4
18.2
22,206
1953
Lowest
2
3
4
Highest
Lower income limit of
quint ile i
Mean amount of —
Percent distribution of —
1,056
2,418
3, 579
4.911
10,254
16
89
163
297
1,308
1,040
2,329
3,416
4, 614
8,946
1.6
3.7
4.6
6.0
12.8
Bef ore-tax
basis
(dollars)
After-tax
basis
(dollars)
1,810
3,020
4,160
5,850
1,760
2. 890
3.960
5, 450
18.0
10, 200
9,160
2.4
4.9
5.8
8.1
14.4
2,090
3,420
4,680
6,450
2,000
3,230
4, 370
5,880
20.0
11,110
9,840
1,300
2.870
4; 109
5, 438
10, 176
3.1
5.8
7.0
9.3
15. G
2,300
3,750
5,130
7,050
2,180
3, 510
4,720
6, 350
593
4,778
11.0
4,800
17, 406
21.6
12, 130
10, 730
SURVEY OF CURRENT BUSINESS
March 1955
25
Table 10.—All Consumer Units: Distribution of Number, Family Personal Income, and Federal Individual Income Tax Liability by
Family Personal Income Level, 1950
[Replaces Table 19 of Income Distribution supplement]
Federal individual income tax
Family personal income
liability
Number of
families
and unattached in- Aggregate
Aggregate
dividuals
Average
Average
Tax rate
(millions
(thousands) of(millions
(dollars)
(dollars)
(percent)
of dollars)
dollars)
Family personal income
(before income taxes)
Under $1,000
$1,000-$! ,999
$2,000-$2,999
$3.000-$3,999
$4,000-$4,999
$5,000-$5,999.__
$t),000-$7,499
$7,500-$9,999 -
_
$10,000-$14,999
$lo,000-$19,999
$20,000-$24,999
_--
.
...
$2o.OOO-$49,999_
$50,000 arid over
Total
-
Under $1,000
$1,000-$1,999
$2 000-$2,999
$3,000-$3,999
$4 000-$4,999
_
-
$5 000-$5,999
$6 000-$7 499
$7 500-$9,999
- -
- --
$10,000-$14,999
$15 000-$19 999
$20,000-$24,999
-
--
Total
_
7.9
15.3
16.6
17.6
14.4
0.9
5.2
9.3
13.8
14.5
0
1.3
4.2
7.3
9.2
7.9
23.2
39.8
57.4
71.8
0.9
6.1
15.4
29.2
43.7
0
1.3
55
12.8
22.0
4,694
3.836
2.758
25, 603
25, 578
23, 364
5, 455
6, 668
8,471
1, 781
2, 039
1,977
379
532
717
7.0
8.0
8.5
9.6
7.9
5.6
11.8
11.8
10.8
9.7
11.2
10.8
81.4
89.3
94.9
55. 5
67.3
78.1
31.7
42.9
53.7
1.536
414
218
18, 310
7,083
4,826
11,919
17, 078
22, 130
1, 780
931
702
1,159
2, 244
3,495
9.7
13.1
15.8
3.1
.8
.4
8.4
3.3
2.2
9.7
5.1
4.2
98.0
98.8
99 2
86.5
89.8
92.0
63.4
68.5
72.7
294.
84
9,743
7,690
33, 087
91. 079
2, 059
2, 953
6, 992
34, 974
21.1
38.4
.6
.2
4.5
3.5
11.2
16.1
99.8
100.0
96.5
100. 0
83.9
100.0
48,890
217,262
4,444
18, 320
375
8.4
100.0
100.0
100.0
Cumulative
Income
Number
Family personal income
(before income taxes)
Income
734
1,409
1,141
820
559
421
2,104
2,830
2,840
2,494
574
1,493
2,481
3,462
4,460
13.0
24.9
20.2
14.5
9.9
2.2
11.0
14.8
14.9
13.0
13.0
37.9
58.1
72.6
82.5
2.2
13.2
28.0
42.9
55.9
$5,000-$5,999
$6,000-$7,499_ _
$7,500-$9,999
345
263
193
1,884
1,751
1,643
5,455
6,661
8,531
6.1
4.7
3.4
9.8
9.2
8.6
88.6
93.3
96.7
65.7
74.9
83.5
85.6
89.1
91.5
$10,000-$14,999
$15,000-$19,999_
$20,000-$24,999
118
34
14
1,404
587
303
11, 879
17, 057
22, 091
2.1
.6
.2
7.3
3.1
1.6
98.8
99.4
99.6
90.8
93.9
95.5
96.3
100.0
$25,000-$49,999
$50,000 and over
16
4
528
321
32, 518
85, 247
.3
.1
2.8
1.7
99.9
100.0
98.3
100.0
5,650
19,110
3,382
1,462
4,730
6,001
7,546
6,628
748
7,261
15, 135
26, 415
29, 655
512
1,535
2,522
3,500
4,474
3.7
11.9
15.1
19.0
16.6
0.4
3.7
7.6
13.4
15.0
3.7
15.6
30.7
49.7
66.3
0.4
4. 1
11,7
25.1
40.1
Under $1,000 ..
$1,000-$1,999
$2,000-$2 999
$3,000-$3,999
$4,000-$4,999
4, 531
3,721
2, 693
24, 718
24, 811
22, 807
5, 456
6,668
8,470
11.3
9.4
6.8
12.5
12.5
11.5
77.6
87.0
93.8
52.6
65.1
76.6
1,501
401
211
17, 887
6,858
4,662
11,917
17, 069
22, 118
3.8
1.0
.5
9.0
3.5
2.4
97.6
98.6
99.1
284
81
9,408
7,359
33, 081
90, 883
.7
.2
4.8
3.7
99.8
100. 0
39, 790 197, 724
4,969
100.0
Total _ _
100.0
100.0
Percent distribution
Cumulative
Simple
Number
Income
Number
Income
2,399
2,734
2,090
1,040
426
1,195
4,072
5,138
3, 568
1,878
498
1,489
2,459
3,430
4,415
26.4
30.0
23.0
11.4
4.7
6.1
20.8
26.3
18.3
9.6
26.4
56.4
79.4
90 8
95.5
6.1
26.9
53.2
71.5
81.1
163
115
65
885
767
557
5,445
6,677
8,539
1.8
1.3
.7
4.6
3.9
2.8
97.3
98.6
99.3
85.7
89.6
92.4
$10,000-$14,999
$15,000-$19,999
..
$20,000-$24,999. . „
35
13
7
423
225
164
12,006
17, 369
22,468
.4
.1
.1
2.2
1.2
.8
99.7
99.8
99.9
94.6
95.8
96.6
$25,000-$49,999
$50,000 and over
10
3
335
331
33,266
95, 674
.1
.0
1.7
1.7
100.0
98.3
100.0
9,100
19,538
2,147
2.1
9.7
14.2
19.7
17.8
0.2
2.9
6.9
13.2
15.2
2.1
11.8
26.0
45.7
63.5
0.2
3. 1
10.0
23.2
38.4
Under $1,000
$1,000-$!, 999
$2,000-$2,999
$3,000-$3,999
$4,000-$4,999 .
$o 000-$5 999
$»),()00-$7,499
$7,500-$9,999 _.
4,186
3,458
2,500
22, 834
23, 060
21, 164
5, 456
6,668
8,465
12.3
10.1
7.3
12.8
12.9
11.9
75.8
85.9
93 2
51.2
64.1
76.0
$o,000-$5,999
$6,000-$7,499
$7,500-$9,999
1,383
367
197
16, 483
6,271
4,359
11, 920
17, 070
22, 120
4.1
1.1
.6
9.2
3.5
2.4
97.3
98.4
99.0
85.2
88.7
91.1
268
77
8,880
7,038
33, 115
91,158
.8
.2
5.0
3.9
99.8
100.0
96.1
100.0
34,140 178,614
5,232
Digitized for332950°—55FRASER
Family perNum- sonal
income
ber of
unattached AggreindiAvergate
viduals (milage
(thou- lions of (dolsands) dollars) lars)
Family personal income
(before income taxes)
450
1,553
2,532
3,505
4,475
100.0
100.0
Table 14.—Unattached Individuals: Distribution of Number and
of Family Personal Income by Family Personal Income Level, 1950
327
5,157
12, 305
23, 575
27, 161
100.0
'
Family personal
Percent distribution
income
Number of
families Aggre- AverCumulative
Simple
(thougate
age
(milsands)
(dollions of lars)
Num- Income Num- Income
dollars)
ber
ber
Percent distribution
Simple
I
Table 13.—Farm Operator Families: Distribution of Number and
of Family Personal Income by Family Personal Income Level, 1950
728
3,321
4, 860
6,726
6,069
Total
Tax liability
Income
0
2.2
3.8
4.5
5.3
Number
$25,000-$49,999
..
$50 000 and over
Number
0
33
95
156
239
Family personal
Percent distribution
income
Number of
Cumulative
families AggreSimple
(thougate
(mil- Average
sands)
lions of (dollars) Num- Income Num- Income
ber
ber
dollars)
--
Tax liability
1
247
765
1,341
1. 684
Under $1,000
$1,000-$ 1,999
$2,000-$2,999
$3,000-$3,999
$4,000-$4,999___
$10,000-$14,999_
$15 000-$ 19 999
$20,000-$24,999
Income
503
1,518
2, 506
3,492
4,470
Table 12.—Nonfarm Families:
Distribution of Number and of
Family Personal Income by Family Personal Income level, 1950
Family personal income
(before income taxes)
Number
Cumulative
1,943
11, 333
20, 273
29, 983
31, 533
Family personal income
Number
of fam- Aggreilies
Avergate
(thou- (milage
sands) lions of (doldollars)
lars)
$25 000-$49 999
$50 000 and over
Simple
3,861
7,464
8,091
8,586
7,054
Table 11.—All Families: Distribution of Number and of Family
Personal Income by Family Personal Income Level, 1950
Family personal income
(before income taxes)
Percent distribution
Total
..
.
100.0
100.0
SURVEY OF CURRENT BUSINESS
26
March 1055
Table 15.—'All Consumer Units: Distribution of Number, Family Personal Income, and Federal Individual Income Tax Liability by
Family Personal Income Level, 1951
Federal individual income tax
Number of Family personal income
liability
families
and unattached
individuals Aggregate
Aggregate
Average
Tax rate
(millions of Average
(thou(millions of (dollars)
(dollars)
(percent)
dollars)
dollars)
sands)
Family personal income
(before income taxes)
Under $1,000
$1,000-$!, 999
$2,000-$2,999
$3,OOG-$3,999 - $4,000-$4,999
Percent distribution
Simple
Number
Income
Cumulative
liability
Number
Income
^f^
3, 227
6,022
7, 164
8,192
7,455
1,680
9,084
17, 945
28, 696
33, 552
520
1,508
2,505
3, 503
4,501
0
241
834
1, 560
2,154
0
40
116
190
289
0
2.7
4.6
5. 4
6.4
6.5
12.2
14.5
16.5
15.1
0.7
3.7
7.4
11.8
13.8
0
1.0
3.5
6.5
8.9
6.5
18.7
33.2
49.7
64.8
0. 7 !
4.4 1
11.8
23.6
37.4
$5,000-$5,999
$6,000-$7,499
$7,500-$9,999
5,580
5,323
3,390
30, 502
35, 596
28, 531
5, 466
6,687
8,415
2, 460
3, 281
2,810
441
616
829
8.1
9.2
9.8
11.3
10.7
6.8
12.6
14.7
11.8
10.2
13.6
11.7
76.1
86.8
93.6
50. 0
64. 7
76. 5
30. 1
43. 7
55. 4
$10,000-$14,999 _
$15,000~$19,999
$20,000-$24,999
1,899
523
274
22, 617
8,933
6,063
11,907
17,105
22, 110
2,521
1,300
1,036
1,327
2,490
3,779
11.1
14.6
17.1
3.8
1.1
.6
9.3
3.7
2.5
10.5
5.4
4.3
97.4
98.5
99.1
85. 8
89.5
92. 0
65. 9
71.3
75. 6
336
95
11,097
8,356
32, 979
88, 555
2, 569
3. 334
7,633
35, 335
23.2
39.9
.7
.2
4.6
3.4
10.6
13.8
99.8
100.0
96.6 !
100.0
86.2
100.0
49, 480
242, 652
4,904
24, 100
487
9.9
100.0
100.0
100.0
$25,000-$49,999
$50,000 and over.
._
_
_
_ „
Total .
0
1.0
4.5
11.0
19.9
i
Table 16.—All Families: Distribution of Number and of Family
Personal Income by Family Personal Income Level, 1951
Family personal
Percent distribution
income
Number of
Simple
Cumulative
families Aggregate Average
(thou(milsands)
lions of (dollars) Num- Income Num- Income
ber
ber
dollars)
Family personal income
(before income taxes)
Table 18.—Farm Operator Families: Distribution of Number and
of Family Personal Income by Family Personal Income Level, 1951
Family personal income
(before income taxes)
Number of
Family personal
income
Percent distribution
families AggreSimple
Cumulative
gate
(thousands) (mil- Average
(dollars)
Num- Income Num- Income
lions of
dollars)
ber
ber
Under $1,000
$1,000-$1,999
$2,000-$2 999
$3,000-$3,999
$4,000-$4,999
1,084
3,495
5,079
6,989
6,894
636
5,316
12, 795
24, 565
31,072
586
1, 521
2,519
3,515
4,507
2.7
8.6
12.5
17.3
17.0
0.3
2.4
5.8
11.1
14.0
2.7
11.3
23.8
41.1
58.1
0.3
2 7
8^5
19.6
33.6
Under $1,000
$1,000-$!, 999
$2,000-$2,999
$3, 000-^3,909
$4,000-$4.\W)
540
1,191
1,067
848
603
374
1,734
2,645
2,949
2,699
692
1, 455
2.479
3.478
4,478
9.6
21.3
19.0
15.1
10.8
1.7
7.8
11.9
13.3
12.2
9.6
30.9
49.9
65.0
75.8
1.7
9.5
21.4
34.7
46.9
$5,000-$5,999
$6 000-$7 499
$7 500-$9 999
5,358
5,178
3,300
29, 301
34, 632
27, 768
5,468
6,688
8,414
13.3
12.8
8.2
13.3
15.6
12.5
71.4
84.2
92.4
46.9
62.5
75.0
$5 000~#5 !W
$6 000--* 7 49'-)
$7,500-$9,999
429
379
273
2,344
2,526
2,337
5,464
6,656
8,567
7.6
6.8
4.9
10.6
11.4
10.5
83.4
90.2
95.1
57.5
68.9
79.4
$10 000-$14 999
$15 000-$19,999
$20,000-$24,999
1,854
508
266
22, 078
8,681
5,885
11, 907
17, 100
22, 105
4.6
1.3
.7
10.0
3.9
2.7
97.0
98.3
99.0
85.0
88.9
91.6
$10, 000-$ 14, 999
$15,000-$19,999
$20,000-$24,999
173
48
20
2,078
822
449
11,972
17,119
22, 163
3.1
.9
.4
9.4
3.7
2.0
98.2
99.1
99.5
88.8
92.5
94.5
324
91
10, 692
7,958
32, 981
88, 240
.8
.2
4.8
3.6
99.8
100.0
96.4
100.0
21
8
679
532
32, 700
70, 421
.4
.1
3.1
2.4
99.9
100.0
97.6
100.0
40, 420 221,379
5,477
100.0
100.0
5,600
22, 168
3,959
100.0
100.0
$25 000-$49 999
$50 000 and over
Total
$25,000-$49,999
$50,000 and over
Total
Table 17.—Nonfarm Families: Distribution of Number and of
Family Personal Income by Family Personal Income Level, 1951
Table 19.—Unattached Individuals: Distribution of Number and of
Family Personal Income by Family Personal Income Level, 1951
Family personal
Percent distribution
income
Number of
Cumulative
Simple
families Aggre(thou- gate Average
sands) (mil- (dollars)
Num- income N™' Income
lions of
ber
dollars)
Num- Family personal
Percent distribution
income
ber of
unattached
Simple
Cumulative
individ- Aggregate Average
uals
(thou- (mil- (dollars)
Num- Income N u
sands) lions of
b ™- Income
dollars)
ber
Family personal income
(before income taxes)
Family personal income
(before income taxes)
2,143
2,527
2,085
1,203
561
1 , 044
3, 768
5, 150
4,131
2,480
487
1,491
2,470
3,433
4,426
23.6
27.9
23.0
13.3
6.2
4.9
17.7
24.2
19.4
11.7
23.6
51.5
74.5
87.8
94.0
4.9
22.6
46.8
66.2
77.9
222
145
90
1,201
964
763
5,419
6,642
8,464
2.4
1.6
1.0
5.7
4.5
3.6
96.4
98.0
99.0
83.6
88.1
91.7
$10,000-$14,999
$15,000-$19,999
$20,000-$24,999
45
15
8
539
252
178
11,907
17, 289
22, 286
.5
.2
.1
2.5
1.2
.8
99.5
99.7
99.8
94.2
95.4
96.2
$25,000-$49,999
$50,000 and over
12
4
405
398
32, 923
95, 370
.1
.1
1.9
1.9
99.9
100.0
98.1
100.0
9,060
21,273
2,348
544
2,304
4,012
6,141
6,291
262
3,582
10, 150
21,616
28, 373
481
1,555
2,530
3,520
4,510
1.6
6.6
11.5
17.7
18.1
0. 1
1.8
5.1
10.9
14.3
1.6
8.2
19.7
37.4
55.5
0.1
1.9
7.0
17.9
32.2
Under $1,000
$l,000-$l,999
$2,000-$2,999
$3 000-$3,999
$4,000-$4,999
$5,000-$5,999
$6 000-$7,499
$7,500-$9,999
4,929
4,799
3,027
26, 957
32, 106
25, 431
5, 469
6, 690
8, 400
14. 1
13.8
8.7
13.5
16.1
12.8
69.6
83.4
92.1
45.7
61.8
74.6
$5,000-$5,999
$6,000-$7,499
$7,500-$9,999
$10,000-$14,999 ...
$15 000-$! 9,999
$20,000-$24,999
1,681
460
246
20, 000
7,859
5,436
11,901
17, 098
22, 100
4.8
1.3
.7
10.0
4.0
2.7
96.9
98.2
98.9
84.6
88.6
91.3
303
83
10,013
7,426
33, 000
89, 870
.9
.2
5.0
3.7
99.8
100.0
96.3
100.0
34,820 199,211
5,721
100.0
100.0
Under $1,000
$1,000-$!, 999 _ . _
$2 000-$2 999
$3,000-$3,999
$4,000-$4,999
$25,000-$49,999
$50 000 and over
-_
_
._
Total
.__
Total
.
._
100.0
100.0
SURVEY OF CURRENT BUSINESS
March 1955
27
Table 20.—All Consumer Units: Distribution of Number, Family Personal Income, and Federal Individual Income Tax Liability by
Family Personal Income Level, 1953
Family personal income
(before income taxes)
Federal individual income tax
Number of Family personal income
liability
families and
unattached Aggregate
Aggregate
individuals (millions
Average
Average
Tax rate
(millions
(thousands) of dollars)
(dollars)
(dollars)
(percent)
of dollars)
Percent distribution
Simple
Number
Income
Cumulative
•
Tax liability
Number
Tax liability
Income
Under $1,000
$1,000-$1,999
$2,000-$2,999
$3,000-$3,999
$4,000-$4,999
2,866
5,433
6,488
7,399
7,247
1,427
8,242
16,304
25, 988
32, 521
498
1,517
2,513
3,513
4,488
0
239
850
1,594
2,285
0
44
131
215
315
0
2.9
5.2
6.1
7.0
5.7
10.8
12.8
14.6
14.3
0.5
3.0
6.0
9.6
12.0
0
.8
2.8
5.3
7.6
5.7
16.5
29.3
43.9
58.2
0.5
3.5
9.5
19.1
31.1
0
.8
3.6
8.9
16.5
$5,000-$5,999
$6,000-$7,499
$7,500-$9,999
6,276
6,240
4,834
34, 315
41, 781
41, 196
5,468
6,696
8,521
2,975
4,090
4,275
474
655
884
8.7
9.8
10.4
12.4
12.3
9.6
12.6
15.4
15.2
9.9
13.7
14.2
70.6
82.9
92.5
43.7
59.1
74.3
26.4
40.1
54.3
$10,000-$14,999
$15,000 and over
2,273
1,494
27, 492
42, 279
12, 092
28, 306
3,235
10, 457
1,422
7,001
11.8
24.7
4.5
3.0
10.1
15.6
10.8
34.9
97.0
100.0
84.4
100.0
65.1
100.0
Total
50, 550
271, 545
5,372
30, 000
593
11.0
100.0
100. 0
100.0
Table 21.—All Families: Distribution of Number and of Family
Personal Income by Family Personal Income Level, 1953
Table 23.—Farm Operator Families: Distribution of Number and
of Family Personal Income by Family Personal Income Level, 1953
Family personal
Percent distribution
income
Number of Aggrefamilies gate
Simple
Cumulative
(thou- (mil- Average
sands) lions
(dollars)
Num- Income Num- Income
of
ber
dollars)
ber
Family personal
Percent distribution
income
Number of Aggrefamilies gate
Simple
Cumulative
(thous- (mil- Average
sands) lions of (dollars) NumNumber Income ber Income
dollars)
Family personal income
(before income taxes)
Under $1,000
$1,000-$1,999__ .
$2,000-$2,999
$3,000- $3,999
$4,000-$4,999
$5,000-$5,999
$6,000-$7,499
$7,500-$9,999
$10,000-$14,999
$15,000 and over
Total
501
905
3,066
4,693
4,383 11, 077
5,945 20, 962
6,506 29, 216
5,919 32, 378
6,030 40, 389
4,704 40, 085
2,209 26, 733
._ 1,443 40, 693
41,110 246, 727
554
1,531
2,527
3,526
4,491
5,470
6,698
8,521
12, 100
28, 187
6,002
2.2
7.5
10.7
14.4
15.8
14.4
14.7
11.4
5.4
3.5
100.0
0.2
1.9
4.5
8.5
11.8
13.1
16.4
16.3
• 10.8
16.5
100.0
2.2
9.7
20.4
34.8
50.6
65.0
79.7
91.1
96.5
100.0
0.2
2.1
6.6
15.1
26.9
40.0
56.4
72.7
83.5
100.0
Table 22.—Nonfarm Families: Distribution of Number and of
Family Personal Income by Family Personal Income Level, 1953
Family personal income
(before income taxes)
Under $1,000
$1,000-$!, 999
$2,000-$2,999
$3,000-$3,999
$4,000-$4,999
$5,000-$5,999
$6,000-$7,499
$7,500-$9 999
$10,000-$14,999
$15,000 and over
Total
__
Family personal
Percent distribution
income
Number of Aggrefamilies gate
Cumulative
Simple
(thous- (mil- Average
(dollars)
sands) lions
Num- Income Num- Income
of
dollars)
ber
ber
107
222
2,684
1,724
8,358
3,287
5, 143 18. 186
5,950 26, 737
5,570 30, 471
5,763 38, 613
4, 506 38, 392
2,089 25, 302
1,374 38, 916
35,628 227, 766
481
1,556
2,543
3,536
4,494
5,471
6,700
8,520
12, 111
28, 321
6, 393
0.6
4.8
9.2
14.4
16.7
15.6
16.2
12.7
5.9
3.9
100.0
0.1
1.2
3.7
8.0
11.7
13.4
16.9
16.8
11.1
17.1
100.0
0.6
5.4
14.6
29.0
45.7
61.3
77.5
90.2
96.1
100.0
0.1
1.3
5.0
13.0
24.7
38.1
55.0
71.8
82.9
100.0
Family personal income
(before income taxes)
Under $1 000
$1,000-$!, 999
$2 000-$2 999
$3 000-$3 999
$4,000-$4,999
$5000-$5999
$6,000-$7,499
$7500-$9999
$10 000-$14 999
$15 000 and over
Total
683
1,342
1,096
802
556
349
267
198
120
69
5,482
394
2,009
2,719
2,776
2,479
1,907
1,776
1,693
1,431
1,777
18,961
577
1,497
2,481
3,460
4,462
5,462
6,660
8,539
11,903
25, 545
3,459
12.5
24.5
20.0
14.6
10.1
6.3
4.9
3.6
2.2
1.3
100.0
2.1
10.6
14.3
14.6
13.1
10.0
9.4
8.9
7.6
9.4
100.0
12.5
37.0
57:0
71.6
81.7
88.0
92.9
96.5
98.7
100.0
2.1
12.7
27.0
41.6
54.7
64.7
74.1
83.0
90.6
100.0
Table 24.—Unattached Individuals: Distribution of Number and
of Family Personal Income by Family Personal Income Level, 1953
Family personal income
(before income taxes)
Under $1,000
$1 000-$1 999
$2000-$2,999
$3 000-$3 999
$4000-$4,999
$5 000-$5 999
$6 000-$7,499
$7 500-$9 999
$10,000-$14,999
$15 000 and over
Total
Number of
unattached
individuals
(thousands)
1,962
2,367
2,105
1,454
742
356
210
130
64
50
9,440
_ -
Family personal
income
Percent distribution
AggreSimple
Cumulative
gate
(mil- Average
(dollars)
Num- Income Num- Income
lions of
ber
dollars)
ber
926
3,549
5,227
5,026
3,305
1,937
1,392
1,111
759
1,586
24,818
472
1,499
2,483
3,458
4,456
5,429
6,639
8,519
11, 834
31, 732
2,629
20.8
25.1
22.3
15.4
7.8
3.8
2.2
1.4
.7
.5
100.0
3.7
14.3
21.1
20.2
13.3
7.8
5.6
4.5
3.1
6.4
100.0
20.8
45.9
68.2
83.6
91.4
95.2
97.4
98.8
99.5
100.0
3.7
18.0
39.1
59.3
72.6
80.4
86.0
90.5
93.6
100.0
Table 25.—Distribution of Consumer Units and of Family Personal Income After Federal Individual Income Tax Liability, by Level of
After-Tax Income, 1950, 1951, and 1953
[Data for 1950 replace those in Table 20 of the Income Distribution supplement]
Family personal income after Federal
^individual income tax liability
Under $1,000 _
$1,000-$!, 999
$2,000-$2,999
•$3,000-$3,999
$4,000-$4,999
$5,000-$5,999
$6,000-87,499
$7,500-$9,999
$10 000-$14,999
$15,000-$19,999 _
$20,000 and over
Total
__
1953
1951
1950
NumNumNumAfter-tax family
After-tax family
Percent distriAfter-tax family
Percent distriPercent distriber of
ber of
ber of
bution
bution
bution
families personal income
families personal income
families personal income
and unand unand unattached Aggreattached Aggreattached AggreindividAfter- individAfter- individgate
gate
gate
AfterNumNumtax intax intax inuals (millions Average Numuals (millions Average
uals (millions Average
(dollars)
ber
(dollars)
ber
ber
(thou- of dol(thou- of dol- (dollars)
(thou- of dolcome
come
come
lars)
lars)
sands)
lars)
sands)
sands)
3,978
7,940
8,664
9,109
7,226
4,487
3,297
2,131
1,278
375
405
48,890
2,058
12, 122
21, 762
31, 809
32, 285
24, 445
21, 921
18, 034
15, 113
6,409
12, 984
198, 942
517
1,527
2,512
3,492
4,468
5,448
6,650
8,462
11, 826
17, 081
32, 026
4,069
8.1
16.3
17.7
18.6
14.8
9.2
6.7
4.4
2.6
.8
.8
100.0
1.0
6.1
11.0
16.0
16.2
12.3
11.0
9.1
7.6
3.2
6.5
100.0
3,350
6,541
7, 849
8,763
8,142
5,559
4,459
2,397
1,525
453
442
49, 480
1,800
9,961
19, 714
30, 632
36, 502
30, 316
29, 709
20, 289
18, 047
7,800
13, 782
218,552
537
1,523
2,512
3,496
4,483
5,453
6,663
8,463
11, 834
17, 218
31, 195
4,417
6.8
13.2
15.9
17.7
16.5
11.2
9.0
4.8
3.1
.9
.9
100.0
0.8
1,538
2,980
9,104
4.6
5,950
18, 028
7,173
9.0
28, 986
14.0
8,257
16.7
36, 884
8,207
13.8
6,267 34, 211
13.6
5,373 35, 847
9.3
28, 243
3,359
8.3
1,921 22, 841
3. 6 } 1,063 25, 863
6.3
100.0
50, 550 241,545
516
1,530
2,513
3,510
4,494
5,459
6,672
8,409
11, 892
24, 327
4,778
5.9
11.8
14.2
16.4
16.2
12.4
10.6
6.6
3.8
2.1
100.0
0.6
3.8
7.4
12.0
15.3
14.2
14:8
11.7
9.5
10.7
100.0
SURVEY OF CUEEENT BUSINESS
28
March 1955
The Business Situation
(Continued Jrom page 3}
development of new trade areas. February employment
in the transportation and public utilities segment was 2
percent below the 1954 spring quarter average, largely
because of the lag in railroad employment. Employment
in communications and gas and electric utilities has been better sustained.
The service industry group—consisting of finance, insurance, real estate, service and miscellaneous industries, exclusive here of persons employed in domestic service—like
trade is continuing the moderate expansion maintained
even during the recent readjustment. Employment growth
in this sector reflects population expansion and the steady
rise of consumer expenditures for services as well as the
growth in the volume of financial activity.
Table 2.—Employment of Nonagricultural Wage and Salary Workers
and Military Personnel for Selected Periods
[Seasonally adjusted]
Thousands of persons
Second quarter
Industry division
1953
All nonagricultural
industries J
Private economy, total.
Commodity-producing
industries
Distributive industries
Service *
Government (including
military)
Federal: Civilian
Military
State and local
Percent change
_
1954
January v
1955
February TO
1955
Second
quarter
1953 to
second
quarter
1954
Second
quarter
1954 to
February
1955
Workweek longer
53, 336 51, 543 51, 670 51, 754 -3.4
0.4
43, 191 41, 534 41, 601 41, 633 -3.8
.2
20, 945 19, 430 19, 331 19, 352 -7.2
4
1 6
1.0
.7
1.0
10, 145 10, 009 10, 069 10, 121 -1.3
1. 1
14, 748 14, 513 14, 619 14, 617
7,498 7,591 7,651 7,664
2,323 2, 175 2, 194 2, 186
3,539 3,360 3,203 3,229
4,283 4,474 4,672
4, 706
-6.4
.5
-5. 1 -3. 9
4.5
5.2
v Preliminary.
1. Excluding domestic servants.
Source: U. S. Department of Labor, Bureau of Labor Statistics data seasonally adjusted by
Board of Governors of the Federal Reserve System except as elsewhere noted.
Employment recovery in the commodity-producing industries has been much smaller. February aggregate employment in these industries, adjusted for seasonal variation, was
up about 1 percent from the low point touched in the 1954
summer quarter and was substantially below employment in
the spring of 1953. The decline in coal mining employment
has been especially pronounced.
Manufacturing employment increase
The recovery of manufacturing activity since last autumn
has required an increase in man-hours worked by production
employees, in which lengthened hours have played an important part. Since manufacturers had started lengthening
the workweek in the spring of 1954 while employment was
still contracting, the recent movement of average hours made
the workweek 2 percent longer in February than the average
time worked in the comparable month of 1954, whereas
employment in February was about 2 percent below that of
February 1954.
The reduction of national security expenditures accounts
for the curtailment of production worker employment in the
ordnance group, for the recent drop in the number of aircraft
and parts industry workers, and for part of the lag in employment recovery in such durable goods industries as machinery,
which showed its first significant increase in February. High
automobile output and sales are reflected not only in the
jump in employment in the automotive industry but also in
increased employment in the rubber, metal and other related
industry groups. The boom in the construction industry is
reflected in the better-than-average employment recovery
in the lumber and stone-clay-glass industries.
Printing and publishing is the only major manufacturing
industry in which current production worker employment
stands above 1953 figures, although this favorable employment comparison is coupled with a workweek somewhat
shorter than 2 years ago. Employment in the paper and
allied products industries is only nominally below 1953 levels.
The length of the average workweek in manufacturing
industries has lengthened by 0.9 hours from early 1954 to
early 1955, or by more than half the amount of the contraction that occurred between 1953 and 1954.
The workweek declined somewhat more in the durable goods
industries during last year's readjustment than hi the nondurable goods industries—approximately paralleling their
relative employment experience. In recent months, the most
pronounced increase in hours worked has been in industries
affected by the surge of automobile production, i. e., primary
metals, transportation equipment and rubber products. The
workweek in the automobile industry is currently longer
than in 1953.
Wage rates continue to rise
The average hourly earnings of productive workers in
manufacturing industries moved up one cent an hour in
February and stood 3 percent higher than 12 months earlier
and 7 percent above February 1953. The recent rate of
advance has been slower than the 8-year average rise from
1945 to 1953 of 7 percent annually but it occurred during a
period of economic adjustment, and was an important factor
in sustaining personal income. Average earnings in durable
goods industries of $1.96 an hour were 6 cents higher than a
year earlier while the $1.68 hourly average in nondurable
goods industries was 3 cents higher. In only one major
industry group—apparel—was the hourly rate slightly below
that of February 1954; in textiles and leather, it was
unchanged.
Hourly earnings increases in most nonmanufacturing^
industries in the past year have been at a somewhat higher
average rate than in manufacturing.
BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, and monthly averages for earlier years
toack to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
vided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
Data from private sources are pro-
1955
1954
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
February
January
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :f
National income total
bil of dol
Compensation of employees, total
Wages and salaries, total
Private
_
Military
_
Government civilian. _
Supplements to wages and salaries _ _ _
do
_do
do
do
do
do
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
Gross national product, total
._ do
298.9
299.6
298 8
206.4
194.6
161.2
9.7
23.7
11.8
206 6
194.9
161 5
9.5
23.8
11.7
207.2
195.6
161.6
9.6
24.4
11.6
208.9
197.2
163 0
9.5
24 7
11.7
49.4
25.6
13.0
10.8
49.0
25 9
12.2
10 9
48.5
25 9
11.6
10 9
48
26
11
10
34.1
34.5
17.0
17.5
-.4
9.0
34.9
34.5
17.0
17 5
.4
9. 1
33.9
34 2
16 8
17 4
—.3
9 2
— 4
9 2
1
3
0
9
355.8
356.0
355.5
362 0
Personal consumption expenditures, total __do
Durable goods.
do
Nondurable goods
do
Services
_
do
230.5
28.0
118.8
83.6
233 1
28.8
120 0
84.3
234 8
28 9
121 1
84 8
237
29
122
85
7
9
1
7
Gross private domestic investment, total __do
New construction.
do _..
Producers' durable equipment
do _
Change in business inventories
do
44.5
26.0
22.7
-4.2
45 6
27.0
22 4
-3.8
45
28
21
—4
49
29
21
—1
5
1
7
3
Net foreign investment
do
Government purchases of goods and services, total
bil. ofdoL.
Federal (less Government sales)
.do
National security 9
do
State and local
do
Personal income, total
do
Less: Personal tax and nontax payments
do
Equals: Disposable personal income
do
Personal saving§
_ do
-1.1
—1 0
2
81.9
55.0
46.9
26.9
78.3
51.3
44.7
27 o
75 6
47.9
42 1
27 7
285.1
32.8
252.3
21.8
285.7
32 9
252 9
19.7
286
32
253
18
3
3
8
8
2
9
2
4
8
74
45
40
28
1
9
5
2
289
33
255
18
0
1
9
2
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates: t
Total personal income
bil. of dol..
284.4
284.9
286.2
285.0
285.0
286.5
286.6
285.7
285.4
286.3
289.3 r 291. 4
290.7
Wage and salary disbursements, total..
do
194.5
194.3
194.7
194.7
195.0
195.5
195 7
195 5
195 4
198 1 r 197 8
196 1
199 0
Commodity-producing industries
do
84.5
84.2
84.2
84.6
83.7
84.0
82.4
83.4
82.7
82.9
84.6
85.1
'84.4
r
Distributive industries
do
52.0
51.8
52.0
52.3
51. S
52 5
53 1
52 8
52 9
52 9
53 0
53 1
r
Service industries
do
25.2
24.9
25 0
24.8
25 2
25 5
25 4
25 9
25 8
26 1
26 2
26 1
26 3
04 q
q^ 9
04 9
Government
do
33 5
33 4
33 3
33 4
33 3
33 8
33 5
34 2
34 2
34 2
Other labor income
do
6.6
66
66
66
fi
fi
fi
f\
66
66
6 6
66
66
66
6 £>
Proprietors' and rental income
do
49.6
49.6
48.9
48.2
49.4
49.2
48.8
47.2
47.9
48.2
48.3
48.9
'48.8
Personal interest income and dividends
do
23.9
23.9
23.9
24.0
24.1
24.0
24.4
24.5
24.2
24.3
26.2
24.6
24 7
1a A
Transfer payments
do
14.8
15 0
15 8
15 9
1 Pi 7
1 fi R
15 8
15 8
15 8
16 0
16 5
15 5
Less personal contributions for social insurance
4.7
bil. of doL .
4.6
4.8
4.7
4.6
4.7
4.6
4.6
4.5
4.7
4.7
4.7
5. 1
Total nonagricultural income
do
267.9
268.2
269.1
268.8
269.7
270.3
270.2
270.6
271.1
272.3
274.6
' 276. 5
275.5
' Revised.
inont/Revis^(J Serie-'- Quar^erl7 ^im^es °f national income and product have been revised back to 1939 (annual data, to 1929); quarterly and monthly estimates of personal income, back to
1929 (monthly revisions prior to May 1953 appear m the 1954 issue of the National Income Supplement). For quarterly data prior to 2d quarter 1953, see pp. 8 and 9 of the July 1954 SURVEY
?
as afom onen^of 8?oss^
Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown
KO
4
S-l
SUEVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
March 1955
1955
1954
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals :J
All industries
__
mil. of doL_
Manufacturing
_.
_ _ _ _ _
Durable-goods industries
Nondurable-goods industries
do
do
do
Mining
do
Railroads.
.__ _ _
_ -do
Transportation, other than rail
do
Public utilities
_ -do. __
Commercial and other
do
Seasonally adjusted quarterly totals at annual rates:
All industries
bil. of dol
M anuf actur ing
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other
_
-do
do
_do._
do
do
do
' 6, 266
' 6, 932
' 2 5n9
' 1 °01
' 1 368
' 2, 859
' 1 309
' 219
' 250
r 384
r
929
' 1 916
' 261
245
r
375
1 121
_
r I 55(}
T
r 1 071
'6,640
'6,988
' 2 645
' 1 207
'1,438
'2,965
' 1 373
' 1, 592
' 251
' 179
' 374
' 1 060
' 2 133
'244
' 180
' 379
' 1,109
'2,110
' 27 46
r
26. 92
' 26 84
r
r
T 11 09
r 1 04
' 10 98
' 1 00
' 80
' 10. 58
' .91
' .68
' 1.53
' 4 01
' 8. 46
11 62
' 94
T i 04
r i 57
'4.33
' 7 97
' .91
T i 44
r 4 37
r 1 51
4 12
' 8 42
r § 07
26.18
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments, total
mil. of dol
Farm marketings and CCC loans, total
do
Crops
- _
do _ _ _
Livestock and products, total
do
Dairy products
do
Meat animals
do
Poultry and eggs
-do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39=100.
Crops
-_ __do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39=100
Crops
_
do
Livestock and products
do
' 3, 506
' 3, 497
' 2, 032
'1,465
335
'835
'278
' 3, 191
'3,172
'1,655
'1,517
320
'885
'298
2,809
2,779
1,474
1,305
327
702
261
p 2, 571
p 2, 536
p 1, 245
v 1, 291
p3ll
P741
P219
'479
'629
'368
'528
'718
'386
'479
'585
'399
419
521
344
p382
p340
P440
'163
'155
'168
201
233
177
222
'263
'191
'196
' 199
'193
176
183
171
p 165
P167
p 163
116
123
126
130
130
128
P130
125
135
109
109
149
147
122
137
125
162
116
125
94
96
142
138
116
128
119
145
125
132
100
97
139
144
124
138
118
176
127
135
103
102
137
145
124
145
122
189
'132
140
112
112
142
150
126
150
121
207
132
'143
118
122
' 158
'154
'125
150
121
'206
'129
'143
11"
121
10
'15(
'12o
'146
'123
'190
Pl3
P 14
Pl2
180
146
10
472
138
98
122
130
12
175
143
96
472
135
100
115
13
12
165
125
78
469
132
99
91
128
121
165
123
79
465
132
107
102
134
130
155
81
74
470
13"
111
123
136
13
159
70
78
464
138
113
134
139
140
'179
144
93
'471
'140
'112
12
'13
13
'191
174
9
47
'14
'11
11
'13
'13
p 19
114
98
9
106
9
10
10
9
9
9
6
114
10,
10
10
9
11
10
10
9
9
6
115
110
106
108
9
12
11
11
9
9
108
109
107
102
99
118
103
92
82
85
68
117
115
116
108
98
108
96
111
97
101
74
11
120
12
12
9
10
9
10
9
10
6
123
117
118
127
99
110
107
111
103
109
69
12
'110
'11
13
'9
9
9
10
'10
11
6
'11
10
10
13
9
8
8
pll
10
9
13
13
12
14
15
12
12
11
10
8
13
13
12
14
15
12
13
11
9
9
13
13
11
14
152
124
131
121
91
87
120
116
113
138
146
122
130
85
110
101
137
134
116
144
150
124
131
94
10
9
13
13
12
14
15
12
13
11
106
98
146
14C
125
154
' 158
126
132
r
132
10
9
'14
' 13
12
15
'16
'12
'13
12
g
9
12
12
12
15
16
13
14
12
' 2, 205
' 2, 187
'929
' 1, 258
'360
'628
'248
' 2, 481
' 2, 469
' 1,111
'1,358
'349
'732
'262
'312
'254
'356
'330
'328
'331
'372
'393
'357
'142
'104
171
'148
'132
'160
124
124
125
137
107
105
147
150
120
141
128
166
125
136
108
108
147
148
121
138
126
162
182
142
101
485
145
106
117
128
13
181
151
101
47,
140
10
119
128
12
11
96
98
'11
9
8
8
9
9
10
5
115
98
98
11
9
9
9
10
9
10
6
11
10
13
13
11
15
15
12
13
11
11
10
135
133
121
150
150
121
129
118
-2,020
r 2, 697 r 2, 006
' 1, 276
'698
'1,421 ' 1, 308
329
'314
'706
"•793
'268
'278
' 2, 036
'2,012
'554
' 1,458
342
'817
'281
'407
'451
'374
'303
' 247
'344
'304
'196
'384
'287
' 179
'367
'300
' 189
'382
'165
'178
155
'127
'106
'144
'128
' 77
'165
'121
'66
'162
'130
'69
' 175
124
126
126
124
do
do_ _
do
do _ _
do
do
do
do
do
do
126
140
113
115
145
155
124
146
132
172
128
141
113
114
147
155
123
147
134
172
128
140
108
106
147
153
121
145
132
172
do _ _
do
do
do
do
do
dG
do
do
183
135
103
483
148
106
104
122
128
183
138
103
489
147
107
116
126
133
do
do
do
do
do
do
do
do
do
do
do
'112
97
10
126
9
82
78
98
'9
97
58
do
do
do
do
do
do
do
do
do
. _ _ do
107
94
126
128
116
146
145
125
134
114
r 2, 715
'1,934
' 1, 901
'506
'1,395
345
'762
'262
'2,015 ' 2, 109
' 1, 986 ' 2, 070
' 536
' 719
' 1, 450 ' 1,351
389
380
'762
'689
'259
'243
' 3r 190
' 3, 178
'1,780
' 1, 398
326
'796
'260
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume t
Unadjusted combined index t
1947-49=100
Manufactures
Durable manufactures
Primary metals
Steel
Primary nonferrous metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
Transportation equipment Autos
Trucks
Aircraft and parts
Instruments and related products
Furniture and
fixtures
Lumber and products
Stone clay, and glass products
Miscellaneous manufactures
Nondurable manufactures
Food and beverage manufactures
Food manufactures
Meat products
Bakerv products
Beverages
Alcoholic beverages
Tobacco manufactures
Textile-mill products
Cotton and synthetic fabrics
Wool textiles
Apparel and allied products
Leather and products
Paper and allied products
Pulp and paper
Printing and publishing
Chemicals and allied products
Industrial chemicals
P etroleum and coal products _ _
Petroleum refining
Rubber products
_
Pl5
Pl2
Pl4
Pl2
Pl9
pl4
plO
Pl3
Pl2
9
10
7
Pll
Pl3
112
10
111
109
'11
111
110
115
110
Pll
'11
11
11
Minerals
do
74
77
58
61
Coal
do
7
6
68
68
57
63
7
7
P7
134
137
130
13
13
'13
13
136
137
12
130
133
Crude oil and natural gas
do
Pl4
79
74
'92
73
'7
108
119
10
76
9
100
Metal mining
do
7
129
125
119
114
108
12
113
12
129
130
130
127
Stone and earth minerals
do
Revised, p Preliminary.
^Revisions for 1952 for new plant and equipment appear on p. 10 of the March 1954 SURVEY; those for 1953 and estimates for the 1st two quarters of 1955 (based on anticipated capital expenditures of business) appear on p. 8 of this issue of the SUEVEY. Revisions for 1952 and 1953 for farm income and marketings are on p. 24 of the January SURVEF; for 1951, on p. 24 of the
April 1954 SURVEY.
t Revised series. For a detailed description of the revision and monthly and annual data beginning 1947, see the December 1953 issue of the FEDERAL RESERVE BULLETIN.
SURVEY OF CUEEENT BUSINESS
March 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-3
1955
1954
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
February
January
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Physical Volume 9— Con.
Adjusted, combined index
125
125
123
123
125
124
123
123
124
126
'128
130
pl31
127
141
111
155
126
143
130
169
126
139
109
151
123
141
130
163
125
135
103
147
120
138
125
163
125
134
103
147
119
138
125
163
126
136
106
148
121
138
124
163
125
135
108
147
122
139
124
170
124
134
103
147
122
141
125
173
125
135
105
148
124
144
125
181
126
136
105
148
121
147
125
189
128
' 138
' 111
149
124
' 147
123
' 194
' 130
' 142
118
' 154
' 125
' 148
122
' 198
132
145
120
156
v
v
P
v
v
v
v
P
185
148
'106
'114
125
130
179
147
103
120
130
132
173
144
104
116
130
130
174
139
103
114
128
127
178
138
102
120
130
128
170
135
104
108
129
131
170
136
106
96
131
130
166
135
109
97
132
133
161
137
109
116
134
132
164
137
' 110
128
132
132
r 108
113
105
100
91
104
94
114
106
98
91
106
94
114
106
103
91
108
93
115
107
103
94
109
94
117
110
108
95
107
94
116
108
107
93
106
95
114
105
101
95
102
100
114
105
99
94
103
96
115
105
102
95
101
91
117
105
102
101
' 103
94
do
do_ _
do
do
do
126
12C
143
124
112
129
119
146
126
110
131
119
146
122
113
133
120
146
124
113
137
120
148
125
119
136
121
148
124
120
133
121
148
122
97
135
121
149
121
98
137
121
150
125
117
138
121
150
124
' 125
' 137
120
151
127
do
do__
do
___do . .
__do
113
70
134
103
119
113
68
135
101
124
112
62
137
96
124
109
58
137
78
120
111
65
134
91
121
114
69
136
99
122
112
70
133
91
125
109
68
130
83
121
108
67
129
82
121
109
70
130
81
121
' 113
69
125
127
112
121
135
109
99
98
173
92
117
127
138
119
103
117
170
95
119
'130
142
120
102
117
182
94
119
131
151
116
97
116
172
92
116
126
146
110
92
112
155
92
116
125
143
112
93
112
165
94
102
107
125
92
89
88
116
90
113
121
123
121
102
101
234
94
108
111
81
139
108
122
279
101
109
111
70
149
111
124
338
104
'129
' 141
144
'142
'108
'114
324
'100
'133
' 149
174
'131
110
109
258
'94
P140
P160
P195
»132
112
119
133
108
' 99
••103
••150
95
113
••120
134
110
99
'111
119
133
109
99
••104
151
94
116
126
139
'115
97
' 112
178
93
119
130
145
'119
96
r
116
' 196
93
'118
128
136
' 123
96
110
-•243
96
'116
'126
127
' 127
102
'114
'241
93
115
125
121
131
106
109
270
91
109
' 113
94
' 132
107
112
' 267
98
106
109
86
' 131
' 106
'110
'270
98
'124
'135
144
'130
' 103
'112
'259
'97
' 130
' 146
166
' 130
106
115
242
' 96
P
P
P
P
_ 1947-49=100.-
Manufactures
Durable manufactures __
Primary metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
Nonelcctrical machinery
Electrical machinery
do
do
do
do __
do
do_
do
_-do_
Transportation equipment
_. . _ _ - _ do
Instruments and related products
do
Furniture and fixtures
-do
Lumber and products
do
Stone, clay, and glass products
_. do
Miscellaneous manufactures.. _ _ _ _ _ _ d o
Nondurable manufactures
Food and beverage manufactures
Tobacco manufactures
Textile-mill products
Apparel and allied products
Leather and products..
_ _ do
do_ __
do
do. __
.-do
do_ __
Paper and allied products
Printing and publishing.. _
Chemicals and allied products
Petroleum and coal products
Rubber products
Minerals .
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
' 181
138
124
' 136
132
r 126
144
120
192
195
140
107
131
135
131
118
r H8
r 106
106
100
' 101
' 107
' 96
101
104
99
r 121
r 136
f K^
136
121
154
1 ^1
133
133
146
123
157
127
144
121
igg
P 201
P 140
P 108
P 135
v 131
119
v
v 122
•D 1 34
r 117
•a 1 91
73
138
r> 144
T>
73
QQ
CONSUMER DURABLES OUTPUT
Unadjusted, total output*
Major consumer durables..
Autos
Major household goods_
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables.
Adjusted, total output*
Major consumer durables
Autos
Major household goods
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables
1947-49=100..
do
do
_ do
_ __ do
__
do
do
do
__
do
do
do
do
do
do. _
do
do
••no
142
96
*>93
137
15,
is,
130
P 96
BUSINESS SALES AND INVENTORIES.
bil of dol
46.4
46.7
47.1
47.6
46 9
47 8
47 4
46 7
47 0
46 2
48 0
' 49 5
49 3
Manufacturing, total f Durable-goods industries
Nondurable-goods industries
do
do _
do
23.9
11.6
12.3
23.6
11.3
12.3
24.1
11.4
12.7
24.4
11.5
12.9
24.0
11.3
12.6
24.3
11.4
12.9
24.1
11.3
12.8
23.5
11.0
12 5
23.6
10.9
12.7
23 1
10.7
12 5
24.4
11.6
12.8
' 24 8
12.0
' 12 8
24 9
12.3
12 6
Wholesale trade, totalt
Durable-goods establishments
Nondurable-goods establishments
do
do
do.
8.9
2.9
6.1
9.1
2.9
6.2
9.1
2.9
6.3
9.0
2.8
6.2
89
2.8
6.1
91
2.9
6.2
9 1
30
6.1
9 1
2 9
6.1
9 2
2 9
6.3
9 0
2 8
6 2
9 3
29
6.3
9 5
30
6.5
9 6
31
6 4
Retail trade, total
_
Durable-goods stores
Nondurable-goods stores
do
do
do
13.6
4.4
9.2
14.0
4.7
9.2
13.9
4 9
9.0
14.2
4 9
9.4
14 0
4 7
9.3
14 4
5 0
9 4
14 3
4 9
9 4
14 2
4 8
9 4
14 2
4 8
9 4
14 1
4 7
9 4
14 4
4 9
9 4
15 1
5 3
9 8
14 9
51
9 7
Manuf acturing and trade sales (adj ) total t
Manufacturing and trade inventories, book value, end
of month (adjusted), totalf
bil of dol
Manufacturing, totalf
Durable-goods industries. _
Nondurable-goods industries, __
Wholesale trade, totalf_.
Durable-goods establishments..
Nondurable-goods establishments
80.7
80.4
80. 1
79.5
79 4
79 0
78 3
78 2
77 8
77 5
T 77 5
r 77 3
77 4
do
do
do
46.4
26.5
19.9
46.1
26.2
19.9
45.8
25.9
19.9
45.2
25.3
19.8
44.8
24 9
19.9
44.5
24 7
19.8
44 2
24 4
19 8
43 9
24 2
19 7
43 7
24 1
19 5
43 8
24 4
19 4
43 8
24 4
19 4
' 43 7
' 19 3
43 6
24 4
19 3
do
_ _ do
_
do
11.8
5.9
5.9
11.9
5.8
6.0
11.8
5.8
6.0
11.6
5.7
5.9
11.8
58
60
11.9
58
61
11 8
5 8
60
11 8
5 8
59
11 7
5 8
59
11 7
59
58
11 7
59
59
11 5
5 7
58
11 5
5 7
59
r 24 4
22.5
22.4
22.7
22.6
Retail trade, totalt
do
22 1
22 4
22 0
22.8
22 6
22 5
22 4
r 22 1
22 2
Durable-goods stores
do
10.7
r 10 1
10.5
10 4
10.6
10 5
10 4
10 3
10 2
10 2
r 10 0
10 0
10 2
Nondurable-goods stores
__do
12.1
12.3
11.8
11.8
12.3
12.2
12.2
12^2
12! 1
12! 2
12! o
12.0
12! 1
' Revised.
f Preliminary.
9 See note marked "t" on p. S-2.
*New series. Compiled by the Board of Governors of the Federal Reserve System. For description of the index and back figures, see the May 1954 FEDERAL RESERVE BULLETIN and subsequent issues.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfann. Unadjusted
data for manufacturing are shown on p. S-4; those for retail and wholesale trade, on pp. S-9 and S-10.
tRevised series. Effective with the December 1953 SURVEY, the data reflect adjustments to more recent benchmarks; all revisions prior to 1953 are available upon request (most of the
data published in the 1953 issue of BUSINESS STATISTICS are now obsolete).
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
March 1055
1955
1954
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales :f
Value (unadjusted) total
mil of dol
Durable-goods industries
do
Nondurable-goods industries
do
24,857 ! . - . _ _ —
10, 933
1,525
1,120
1, 333
1,866
1,523
11,569
1,707
1,145
1,294
1,844
1,986
r 11, 992
12,294|
1,805!
1,109':
1,335
1,900!
2, 535|
948
318
740
625
363
572
943
290
823
610
359
568
-•892
••291
'860
••596
'356
-"573
12, 530
12, 679
12, 477
12, 792
r 12, 811
3,785
582
306
1,023
909
3,779
609
311
1,054
903
3,704
627
288
992
920
3,736
646
319
1,026
848
' 3, 818
••541
292
«• 1, 040
-•818
3.675 - - - - - - - 580
284
1,015!
792 - - - - - - -
377
753
746
1,675
2,134
374
349
742
751
1,686
2,060
337
331
742
801
1,735
2,080
334
302
735
814
1,710
2,053
332
308
719
816
1,815
2,171
388
'317
734
'757
' 1, 812
' 2, 264
418
283!----721
809
1,779 - - - - - - - - 2, 2 0 7 ; - - - - -
44, 684
24, 977
19, 707
44, 157
24, 460
19, 697
43, 548
24, 038
19, 510
43, 236
23, 786
19, 450
43, 394
24,060
19, 334
14.8
12.9
17.3
14.8
12.7
17.2
14.9
12.4
16.8
14.8
12.2
16.6
14.7
12.3
16.3
14.7
12.5
16.2
24, 260
24, 055
23, 482
11,344
1, 505
1,156
1,291
1,862
2,083
11.395
1,567
1,180
1,316
1,901
1,974
11, 287
1,528
1,184
1, 318
1,920
1,800
10, 952
1,468
1,144
1,276
1,838
1,774
971
300
693
547
356
541
940
317
680
601
354
555
914
334
678
599
364
568
1, 061
300
684
608
354
530
949
311
688
597
331
576
12, 679
12,916
12, 634
12, 865
12, 768
3,802
628
309
1,060
806
3,977
677
305
1,073
866
3,827
672
304
1,115
826
3,844
649
299
1,064
818
3,748
682
301
1,040
938
274
676
832
1,590
2,139
351
290
730
776
1,692
2,198
388
278
733
750
1,720
2,162
375
297
714
769
1,664
2,089
357
355
766
767
1,724
2,202
377
46, 772
26, 598
20,174
46, 355
26, 235
20, 120
45, 959
26,042
19,917
45, 351
25, 629
19, 722
44, 974
25, 336
19, 638
bil. of dol__
do
do
16.0
13.5
17.2
15.8
13.3
17.3
15.4
13.3
17.3
14.9
13.2
17.2
.mil. of dol..
_
_
Leather and leather products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber products __
Inventories, end of month :f
Book value (unadjusted), total
Durable-goods industries. __ _ _
Nondurable-goods industries
By stages of fabrication :J
Purchased materials
Goods in process
Finished goods
Durable-goods industries total
Primary metal
_
Fabricated metal products
Electrical machinery and equipment
Machinery except electrical
Motor vehicles and equipment
i
24, 361 ' 24, 803
10, 664
1, 581
1,082
1,238
1,778
1, 340
1,046
320
755
615
355
554
23, 978
Nondurable-goods industries total
o eq
23, 141
24, 406
11,109
13, 297
Transportation equipment, n. e. s
Furniture and
fixtures
Lumber products, except furniture
Stone clay and glass products
Professional and scientific instruments
Other industries, including ordnance
ra spor
23,612
23, 943
10, 855
13, 088
Durable-goods industries total
Primary metal
Fabricated metal products
Electrical machinery and equipment
Machinery except electrical
Motor vehicles and equipment
Book value (adjusted), total
24, 407 ' 24, 881 24 23?
11, 552 ' 12, 213 11,704 .......__
12,528
12, 855 r 12, 668
22, 266
10, 252
12,014
Value (adjusted) total
Food and kindred products.
Beverages
Tobacco manufactures
Textile-mill products
Apparel and related products
24, 335
11,090
13, 245
24, 384
11,804
12, 580
23, 062
10, 870
12, 192
22, 970
10, 968
12,002
25, 300
12, 208
13,092
24, 490
11,814
12, 676
23, 263
11,165
12,098
do
23, 902
23, 620
24, 064
24, 418
do _ _
do __
do
do
do
do __
11, 580
1,609
1,176
1,328
1,959
2,101
11,278
1,580
1,132
1,269
1, 968
1,962
11,385
1,528
1,173
1,355
1,941
1,981
11, 502
1, 575
1,223
1,305
1,939
2,052
do
do
do
do
do
do
1,005
325
659
517
364
537
942
309
659
573
348
536
931
317
688
569
353
549
do
12,322
12, 342
do
do
do
dodo
3,802
626
292
992
857
3,681
648
291
1,035
825
do
do
do
do
do
_.do
259
680
748
1,569
2,149
348
do
do
do
Nondurable-goods industries total
1,718
1,095
1,389
1,816
2,406
.--_.—
.-..
------------------
1,028! - - - - - - 284' - - 798 - - - - - - 600
317
583 - - - 12,563 - - - - - - -
43, 493 ' 44, 017 44, 050 i
24, 055 ' 24, 391 24, 417i!
19, 438 ' 19, 626 19, 633
'15.0
12.7
16.3
14.8
12.4
16.2
14.8
12.8;
16. 4!
46,382
46,115
45, 774
45, 183
44, 798
44, 535
44, 194
43, 929
43, 668
43, 819
43, 811 ' 43, 748 43.645
do
do
do
do
do
do
26, 526
3,388
3,012
3,342
5,551
3,482
26,168
3,344
2,948
3,326
5,512
3,380
25, 900
3,354
2,917
3,248
5,416
3,296
25, 345
3.226
2,837
3,167
5,297
3,189
24, 926
3,153
2,768
3,103
5, 222
3,098
24, 689
3.071
2,831
3,062
5,148
3,021
24, 383
3,107
2,773
3,049
5, 097
2,899
24, 232
3,082
2,759
3,041
5,101
2,790
24,120
3,053
2,769
2,983
5,038
2,802
24, 384
3,069
2,765
3,007
4,979
3,004
24,35li
24, 441 r 24, 426
3,116 ' 3, 223 3,243^
' 2, 713 2, 676!
2,777
2,890!
3,001 r 2 93f
4, 899 .
4,983 ' 4,' 919
' 2, 926 2,924
.
3,064
do
do
do
do
2,784
661
1,022
907
895
1,482
2,732
666
1,015
917
883
1,445
2,753
665
1,025
906
874
1,446
2,690
665
1,010
916
883
1,465
2, 652
661
1,003
919
888
1,459
2,691
650
981
895
874
1,465
2,622
664
958
883
862
1,469
2,695
656
944
866
850
1,448
2,736
661
952
872
850
1,404
2,845
664
970
872
837
1,372
2,828
653
997
857
820
1,345
do
19, 856
19, 947
19, 874
19, 838
19, 872
19, 846
19,811
19, 697
19, 548
19, 435
19, 370
, . e. -
Lumber products, except furniture
Stone, clay, and glass products
Professional and scientific instruments
Other industries, including ordnance
r
' 2, 989
'650
' 1, 018
'869
'828
' 1, 361
2,942
662j
1,044
8761
839 i
1,356!
' 19, 322 19, 294:
3,410
1,120
1, 855
2,337
1,668
' 3, 456
'r 1, 117
1, 856
' 2, 352
' 1, 697
3,507
1,1221
....
.
3,524
1,162
1,842
2,464
1,872
3,589
1,161
1,840
2,455
1,863
3,598
1,196
1,833
2,442
1,791
3, 596
1,188
1,865
2,412
1,762
3,544
1,195
1,877
2,412
1,792
3,492
1,209
1,887
2,422
1,762
3,468
1,222
1,930
2,376
1,760
3,437
1,198
1,912
2,383
1,766
3,416
1,167
1,872
2,361
1,741
3,384
1,138
1, 856
2,328
1,710
do
do
do
do
do
581
1,034
769
3,067
2,697
844
573
1,048
762
3,080
2,719
857
573
1,050
767
3,072
2,703
849
580
1,047
111
3,061
2,738
812
581
1, 061
756
3,053
2,791
810
595
1,046
748
3,085
2,771
829
580
1,021
734
3,146
2,790
784
567
1,007
735
3,147
2,784
761
572
1,026
737
3,092
2,760
804
573
1,050
715
3,080
2,763
838
579
1,053
724
3,076
2, 729
819
'594
1,039
'692
r
3, 063
•• 2, 639
817
6111
1,045'
678:-. _ _ _ _ _ _ _
3,026
2, 587
do
do
do
20, 882
8,687
12, 195
21,526
9, 495
12, 031
23, 857
10, 779
13, 078
22, 944
10, 290
12, 654
21, 708
9,472
12, 236
23, 099
10, 297
12, 802
21, 725
9,712
12,013
22, 904
9,918
12, 986
25, 132
11, 696
13, 436
24, 579
11, 401
13, 178
23,906
10, 864
13, 042
' 24, 704
•• 11, 947
»• 12, 757
25, 220L__
______
12,556!--_ —
12,664--.
do
20, 749
22, 016
22, 859
23, 017
22, 819
22, 886
22, 551
22, 560
24, 463
23, 858
24, 366
T
25,066
do
do
do
do
8,475
1, 205
746
987
1,378
9,629
1,278
932
1,264
1,599
10,206
1,269
956
948
1,677
10, 021
1,353
954
1,049
1,705
10, 050
1,273
918
1,000
1,657
9,985
1,450
1,153
905
1, 793
9,700
1,212
959
1,002
1,612
9,978
1,417
1,079
1,009
1,655
11, 699
1,529
970
1,400
1,758
11, 478
1,656
1,161
1,142
1,774
11, 521 ' 12, 284 12, 408^
1,814 ' 2, 123
2,059
1,406 ' 1, 249 1,103
1,349 ' 1, 050 1,216!
1,766 ' 1, 865 1 9031
2,198
1,961
2,255
2,301
2,922
2,434
2,683
2,277
2,820
2,382
2,242
2,442
2,467
2,448
2,272
2,546
3,143
2,899
3,177
2,568
12, 274
12, 387
12, 653
12, 996
12, 769
12,901
12, 851
12, 582
12, 764
12, 380
2,999
2,862
2,631
2,917
3,013
2,988
3,030
2,830
2,925
Industries with unfilled orders 9
do
9,852
9, 913
9,665
9,751
9,525
9,643
9,739
10, 071
9,823
Industries without unfilled orders?.do
r
Revised.
t Revised series. See corresponding note on p. S-3.
{Revised data beginning December 1949 appear on p. 22 of the June 1954 SURVEY.
9 In eludes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
2,746
9,634
Food and kindred products
do
Tobacco manufactures
Textile-mill products
Apparel and related products
do
do
do
Leather and leather products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
New orders, net:t
Unadjusted total
Durable-goods industries
Nondurable-goods industries
Adjusted total
Durable-goods industries total
Primary metal
Fabricated metal products
Electrical machinery and equipment
Transportation equipment, including motor
vehicles and parts
mil of dol
Other industries including ordnance
do
Nondurable-goods industries, total
do
2,496
2,690
25, 350
•• 3, 294
f 2, 703
1,850:
2,313
1,738 _ _ _ _ _ _ _ _ _
3,451
2,676
12, 845 ' 13, 066 12,658
2,779
10, 066 i
r
3, 103
' 9, 963
2, 923
9,735-
.
SURVEY OF CURKENT BUSINESS
March 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
S-5
1955
1954
February
March
April
May
June
August
July
Septem- October Novem- December
ber
ber
January
February
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Unfilled orders end of month (unadj ), totalf mil. of dol
Durable-eoods industries, total
do
Primary metal
_. _ _.do _
Fabricated metal products
do
Electrical machinery and equipment
-do. Machinery, except electrical
do
Transportation equipment, including motor
vehicles and parts
mil of dol
Other industries, including ordnance
do
56, 128
53, 776
4,729
4,435
10, 059
7,770
54, 684
52, 303
4, 448
4,201
9,962
7,435
53 241
50, 874
4,202
3,994
9,489
7,083
51 695
49, 350
3,964
3,823
9,261
6,828
50 140
47, 657
3,667
3,629
8,952
6,523
48 855
46, 150
3,422
3,637
8,627
6,301
48 314
45 610
3,298
3 530
8,516
6 186
47 275
44 673
3,296
3 374
8,236
6 119
48 001
45, 260
3,296
3 256
8,275
5 928
48 245
45 571
3, 356
3 136
8,094
5 836
47 399
44 766
3,479
3 154
7,967
5 699
r 47 222
48 210
45, 352
r 44 500
4, 169
r 3, 842
3 227
* 3 140
' 7, 597 7 56G
' 5 647 5,834
22 322
4,461
21 740
4,517
21 658
4,448
21 188
4,286
20 789
4 097
20 184
3,979
19 906
4 174
19 406
4 242
20 210
4 295
20 992
4 157
20 416
4 051
20 293
«• 20 299
' 3 975 4 263
do
2,352
2,381
2,367
2,345
2,483
2,705
2 704
2 602
2,741
2 674
2 633
' 2, 722
2,858
number
9,543
8,533
10, 514
10, 272
9,280
9,748
9 409
9,041
9 256
9 852
9 735
11,981
13, 181
867
60
86
192
450
79
926
74
109
207
449
87
1 102
87
143
198
551
123
975
66
92
200
535
82
943
81
111
200
460
91
965
81
132
208
455
89
856
80
95
165
417
99
912
80
100
187
451
94
819
59
88
153
406
113
871
68
109
189
414
91
933
68
110
179
490
86
917
72
130
204
413
98
939
87
87
195
456
114
29,592
3, 134
3,166
11, 431
8, 623
3,238
47, 774
4,341
4,082
23, 043
11, 770
4,538
57, 280
3,506
7,255
15, 359
26, 043
5,117
42, 512
1,648
3,692
20, 568
12 030
4,574
38, 494
2,961
3,674
15, 621
11 739
4 499
41,613
2,045
4,514
18, 454
11 722
4 878
32, 230
2,524
4,958
9,986
9 622
5 140
32, 582
2,381
2,386
12, 388
11 225
4' 202
36 381
2,290
5 584
11, 262
11 879
5*366
29 000
1,952
4 733
7,547
11 845
2 923
35 067
4,065
6 859
8,099
10 466
5 578
40, 103
1,857
5 926
17, 526
8 509
6 285
37, 872
3, 154
9 044
11, 636
9 647
4 391
Nondurable-goods industries, total 9
BUSINESS INCORPORATIONS^
New incorporations (48 States)
INDUSTRIAL AND COMMERCIAL FAILURES^
Failures total
Commercial service
Construction
Manufacturing and mining
Retail trade
..
Wholesale trade
Liabilities, total _.
Commercial service
Construction
.
Manufacturing and mining
Retail trade
Wholesale trade
number
do
do
do
-do
do
_ .__
thous. of dol
do _
do
._do -_
do
do
::
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!
1910-14=100
259
258
256
257
258
248
247
251
246
242
244
239
244
245
do
do
do
do
240
233
207
420
237
236
208
443
239
238
208
443
240
234
208
443
249
227
207
446
244
216
205
445
248
225
202
446
250
228
207
430
247
233
210
444
243
235
204
441
244
239
199
438
241
239
202
430
248
241
204
425
245
240
203
436
do
do
do _
-do
254
222
271
268
258
210
233
269
263
212
246
275
267
217
225
283
272
215
279
286
274
240
200
283
272
228
243
286
288
235
223
294
292
248
170
276
293
218
191
275
281
206
237
277
27f
207
216
279
275
222
263
274
268
210
258
270
do
do
do
do
277
309
274
213
277
315
267
208
271
316
257
188
271
333
237
178
267
331
230
168
251
299
229
168
247
286
237
171
251
287
245
178
245
277
253
162
242
267
263
153
243
266
266
159
237
257
264
156
240
263
258
163
244
2f>4
253
190
263
271
254
'263
271
r
254
264
272
255
265
273
256
267
276
256
265
276
252
263
277
247
264
277
250
263
273
251
262
273
250
262
272
251
261
272
250
264
273
254
264
271
256
282
282
283
283
284
282
280
282
280
279
279
279
283
283
92
91
90
91
91
88
88
89
88
87
87
86
86
87
All commodities (U. S. Department of Commerce
index)
1935-39=100--
209.5
208.9
208.3
208.1
208.7
209.0
209.7
209.0
208.2
207.6
207.6
' 207. 6
Consumer price index (U. S. Department of Labor):
All items
1947-49=100__
Crops
Food grains _ _ _
Feed grains and hay
Tobacco _ _
,
_
_.
_
Cotton
Fruit ..
Commercial vegetables, fresh market
Oil-bearing crops
_
Livestock and products
Meat animals
Dairy products
Poultry and eggs
_
Prices paid:
All commodities and services
_ - _
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wageratesj
1910-14=100-Parity ratio©J - - - - - -
do
RETAIL PRICES
207.3
115.2
115.0
114.8
114.6
115.0
115.1
115.2
115.0
114.7
114.5
114.6
114.3
do
_.do
do
do
do
104.9
113.1
109.7
110.8
110.2
104.7
112.6
109.0
108.0
109.7
104.3
112.1
108.0
107.8
109.5
104.1
112.4
104.6
110.0
110.5
104.2
113.3
103.5
114.6
111.0
104.2
113.8
102.9
117.1
111.1
104.0
114.6
104.3
120.1
109.7
103.7
113.9
105.1
114.7
107.6
104.3
112.4
105.8
110.5
106.7
104.6
111.8
106.7
111.1
103.9
104.6
111.1
106.6
109.6
103.5
104.3
110.4
106.8
108.4
102.2
103.3 _
110. 6
106.4
110.6
102.4
do
do
do
.do
118.8
107.1
107.2
127.8
118.9
107.5
107.2
127.9
119.0
107.6
107.2
128.0
118.5
107.6
106.1
128.2
118.9
107. 7
105.9
128.3
118.9
107.6
105.8
128.3
119.0
107.8
105.7
128.5
119.2
107.8
105.4
128.6
119.5
107.9
106.0
128.8
119.5
108.5
105.6
129.0
119.5
108.7
105.4
129.2
119.7
109.1
105.4
129.4
119.6
109.4
104. 6
129.5
Medical care.
do
124.1
123.7
Personal care
_
do
113.7
113.9
Reading and recreation
do
108.7
108.0
Transportation
do
130.5
129.4
Other goods and services
do
120.3
120.2
r
l
Revised.
Index on base previously used (1935- -39=100) ] S 191.1.
t See corresponding note on p. S-3.
9 See corresponding note on p. S-4.
c? Data are from Dun and Bradstreet, Inc.
124.4
114.1
108.2
129.0
120.1
124.9
112.9
106.5
129.1
120. 21
125.1
113.0
106.4
129.1
120.1
125.1
112.7
106.4
128.9
120.1
125.2
113.3
107.0
126.7
120.3
125.5
113.4
106.6
126.6
120.2
125.7
113.5
106.5
126.4
120.1
125.9
113.4
106.9
125.0
120.1
126.1
113.8
106.8
127.6
120.0
126.3
113.6
106.6
127.3
119.9
126. 5
113. 7
106.9
127.6
119.9
Apparel __
Food
Dairy products.
Fruits and vegetables
Meats, poultry, and
__
__
fish
Housing
Gas and electricity.
Housefurnishings
Rent
__ __
1
114.3
23 of the8A1 rifSs^uifvEY0 incorporate revisions in tne component price series and to reflect changes in the basic weights; revised annual data for 1910-53 for prices received appear on
t Revisions for 1937-53 for prices paid and 1910-53 for parity ratio appear on p. 24 of the April 1954 SURVEY.
© Ratio of prices received to prices paid (including interest, taxes, and wage rates).
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March
19 54
January
February
March
April
May
June
19 5 '3
July
August
Septem- October Novem- December
ber
ber
January
February
COMMODITY PRICES—Continued
WHOLESALE PRICES^1
U.S. Department of Labor indexes:
All commodities
1947-49 = 100_ _
110.9
110.5
110.5
110.9
110.0
110. 4
110. 5
110.0
109.7
110.0
109. 5
r 110. 1
Farm products
do
Fruits and vegetables, fresh and dried . do
Grains
_.
.. _do _ . _
Livestock and live poultry
do
97.8
91.2
91.3
91.8
97.7
89."
91.6
91.3
98.4
89.6
93.0
92.4
99.4
97.4
92.9
94.9
97.9
104.4
91.2
93.0
94.8
96. 6
86.5
87.7
96.2
110.9
88.1
83.2
95 8
108 3
91.2
83 4
93 6
99 8
93.6
80 7
93. 1
101.9
92 9
77.5
93 2
103.2
93.5
76.4
89 9
96 9
92.5
74 0
T QO 5
Foods processed
do
Cereal and bakery products
do
Dairy products and ice cream
_ . . do
Fruits and vegetables, canned and frozen
1947-49 = 100 _ _
Meats, poultry, and
fish
do
106. 2
112.4
109.4
104.8
112.7
107.4
105. 3
112.6
106.1
105 9
113.2
103.0
106 8
113.3
101.7
105 0
113 5
102.4
106 5
114.0
105.1
106 4
113 2
105 9
105 5
113 8
106 6
103 7
114 5
108.7
103 8
116.5
108.8
103.8
96.4
103.0
92.9
103.0
92.8
103.3
94.3
104.5
98.3
104. 7
92.3
104.7
94. 1
104.8
92 0
105. 0
92 0
105. 5
85 8
Commodities other than farm products and
foods
1947-49 — 100
r
105 2
T 93 5
r
79 4
103 5
116 8
108 2
T
1 1 fi Q
105.5
86.3
106. 0
85 2
r 104.6
114.6
114.4
114.2
114 5
114 5
114 2
114.3
114 4
114 4
114 5
114 8
114 9
107.2
118.4
93.9
107. 5
118.4
93. 9
107.4
117.9
93.9
107.2
117.4
94.0
107.1
117.3
94.0
106. 8
117.0
94.0
106. 7
117.1
94.0
106.8
117 4
94.0
106.8
117 4
94.0
106.9
117 6
93. 6
107.0
117.7
93.6
107.0
117 4
93.6
do
- do
do
61.2
114.0
112.8
63. 5
114.0
112.8
60. 5
114.0
112.8
59.8
114.1
112.8
59.3
114.0
112.8
55 7
111.6
112 8
52. 0
112.1
112.8
53 5
112 1
112 8
54 0
112.3
112 8
56 5
112. 1
112 8
57 8
112.2
112.8
59 3
113.3
112 8
do
_ - do
do
- do
do
110. 8
111.9
100. 7
111.8
114.2
110.5
110.9
101.3
113.5
113. 5
109.2
107.9
102.9
111.5
111.5
108.6
104.1
101.8
112.3
112.1
108.2
104.6
101.8
109. 0
111.7
107 8
104.7
101.8
107. 8
110.9
106. 2
104.9
101.8
105. 4
108. 2
106 9
105 ?
102.4
105 4
109.3
106. 9
105.5
101.2
106. 0
109. 4
106 9
105. 1
101.8
105.8
109.3
107.4
105.1
103. 0
107.3
109.5
107 5
105.2
100.7
110.2
110.4
do
-do. ._
do
- do
do
115.2
109.6
114.2
96. 1
73.5
115. 1
109.7
113.9
96.1
73.8
115.0
109. 5
113.7
95.7
73.8
115.6
109.9
113.6
95.7
73.8
115.5
109.9
113.5
95.7
73.8
115.4
109.8
113.1
95.6
70.6
115.3
109. 7
112.8
95.6
70.3
115 3
109.7
112 9
95.4
68 5
115.3
109. 4
112.8
95.4
68.7
115.6
109. 5
112.8
95.4
68.7
115.6
109. 1
112.9
95.4
69.2
115.7
109. 4
112.9
95.4
69.2
do
do, ._
_ . do
-do_ .
95.3
111.9
56.8
88.1
94.9
111.9
55.4
87.4
94.7
111.9
56.0
86.3
94.6
111.9
56.5
86.0
96.0
111.9
62.5
87.6
95.6
111.9
60.6
87.4
94.9
111.8
58.2
86.5
94.0
111.8
55.8
84.4
93.0
111.8
51.5
82. 9
92.4
111.8
49. 5
82 1
92.8
111.7
52. 7
82.0 .
91.8
111.6
47.4
81.5
Chemicals and allied products-- _
Chemicals, industrial
Drugs, Pharmaceuticals, cosmetics
do_ ..
do
do
Fats and oils, inedible
Fertilizer materials
Prepared paint
Fuel power, and lighting materials
Coal
.
Electricity
Gas
Petroleum and products
Furniture, other household durables
Appliances, household _.
Furniture, household
Radios
Television sets
Hides, skins, and leather products
Footwear _ _ ___
Hides and skins
Leather
._
111.0
Lumber and wood products
Lumber
do
do
117.0
115 9
116.8
115.5
116. 7
115 6
116.2
115 3
116. 1
115 0
116. 3
115 5
119.1
118.6
119.1
118 7
119.3
119.0
119.8
119.5
119.9
119.6
120. 0
119 8
Machinery and motive products . _ .
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equipment
M^otor vehicles
- do
do
do
do
do
124.4
122.7
131. 2
126. 8
118 9
124.5
123.0
131.5
126.8
118.9
124.5
122.3
131.7
126.8
118 9
124.4
122.3
131. 6
126. 5
118 9
124.4
122. 6
131.5
126. 0
118.9
124. 3
122.3
131. 5
1 25. 9
118 9
124. 3
122.3
131.5
125.8
118.9
124.3
122.1
131. 5
125.7
118 9
124.4
121. 9
131.6
125. 6
118.9
124.3
122. 0
131.6
125. 2
118.6
125. 3
121.3
131.8
126.7
121.0
125. 7
121.2
132. 6
126. 8
121.7
Metals and metal products
Heating equipment
Iron and steel
Nonferrous metals
do
do
do
do
127.2
115. 3
132.0
121 5
126.2
114.8
131.0
119.8
126.3
114.4
130.6
121.2
126.8
114.5
131. 1
123 4
127.1
113.9
131.8
123.6
127.1
113.8
131.8
123 7
128.0
114.0
133. 6
124.2
128.6
114.1
133. 8
125.1
129.1
114. 1
134. 1
126.2
129.7
114.3
135. 0
127'.4
129.9
114.3
135.5
127.2
129.8
114. 3
135. 0
127.6
do
do
do
_ _ -do ..-
120.9
131. 9
117.2
122.1
121.0
131.9
117.6
122.1
121.0
132.0
117.3
122.1
120.8
132.0
117.3
122. 1
119.3
132. 0
117.3
122.1
119.1
132.0
117.5
122.1
120.4
132.0
117.7
122.1
120. 5
132. 3
117.9
122.1
121.7
135. 4
117.8
122.1
121. 5
135. 4
117.8
122.1
121.8
135.4
117.4
122.1
121. S
135.4
117.4
122.1
Pulp, paper, and allied products
do
Paper
- ._ - . - - . . do-
117.0
126. 8
117.1
126.8
116. 6
126.8
116.3
126.8
115.8
126.5
115.8
126. 5
116.2
126.5
116.3
126.5
116. 3
126. 5
116.3
126. 5
116.0
126.5
115.9
126. 9
Rubber and products
Tires and tubes
124.8
130.3
124. 6
130.3
124.9
130.3
125.0
129.3
125. 1
129.3
126.1
129.3
126.8
129.3
126. 4
129.6
126. 9
129.6
128. 5
129. 6
131.4
134.9
132.0
134.9
do
do
do
96.1
99.1
90.4
95.3
98.8
88.8
95.0
98.6
88.5
94.7
98.2
88.5
94.8
98.2
88.3
94.9
98.1
88.4
95.1
98.4
88.9
95.3
98.6
89.1
95.3
98.6
89.2
95.4
98.6
89.9
95.2
98.4
89.9
95.2
98.4
89.9
do
do
do
142. 1
85.4
111.0
135.8
85.4
109.0
135.1
84.9
109.3
132.3
84.6
109.2
131.6
85.2
109. 5
123.9
85.6
110. 1
124.2
85.7
109.8
126.3
85.7
110.3
128.4
85. 8
109.6
127.0
86.1
108.4
127.4
86.9
106.6
123.9
87.2
106. 7
Nonmetallic minerals, structural
Clay products . _. _ _
Concrete products
Gypsum products _ _ __
do ..do
-
Textile products and apparel
Apparel
Cotton products
Silk products
Synthetic textiles
Wool products
__
.
Miscellaneous
Toys, sporting goods ._
PURCHASING
- -
do
do do
do
- _ _ do
118.2
115.0
124.0
118.0
114.6
124.0
117.9
114.6
124.0
121.5
114.6
124 0
121.4
114.3
124.0
121.4
114.2
124.0
121.4
114.2
124.0
121. 5
114.3
124 0
121.5
114.3
124.0
121.5
114.3
124. 0
121.4
114.3
124.0
102.8
113.0
104.9
113.0
110 3
113.6
109.2
113.6
105. 1
113.6
103.9
113.5
102.3
113.4
99.1
112.7
96.7
112.7
97.0
112.8
98 0
112.9
90.2
86.8
88.4
90.5
87.0
88.8
90.5
87.1
89.2
90. 1
87.3
89 0
90.2
87.0
88.3
90.9
86.9
87.9
90.6
86.8
87.3
90.5
87.0
87 8
90.9
87.2
89.0
91.2
87.3
89.4
90.9
87.3
90.0
87. 3
90.5
91 6
104.1
86. 9
115.6
93.6
117. 4
93.5
61.0
113. 5
113. 1
T
108. 5
r 111.7
T
108.5
105. 1
100. 7
113.0
111.7
115. 5
108. /
112. 5
95. 4
69.0
115. 4
108. 5
112.4
95.4
68.8
r 91.9
111. 6
' 49. 5
81.2
92.3
111.5
51. 6
82.2
120.3
120.0
121.3
121.5
r 125.8
r 121.5
r 133. 2
126.0
121.4
133. 4
126. 8
121.4
T
r
126. 8
121.7
' 130. 1
r 113.9
r 135. 8
>• 127. 9
131.5
113.7
135.8
133.7
135. 8
r 116.7
122.1
121.7
136. 1
116.9
122.1
116.3
127.5
116. 6
128.0
r 136. 8
r 139. 9
139. 4
140.5
95.2
98.2
90.2
95.1
98.1
90.5
r 124. 1
'87.3
6
122.4
86.7
106.4
121.4
114.3
124.0
97.0
113.2
121.6
114.6
124.0
97.5
113.3
'90.8
1
87.5
i 90 4
190.6
r 122.0
121.4
114.3
124 0
101. 1
113.1
1 OQ Q
Q° 1
T 1 07 O
r 106.
Tobacco mfrs. and bottled beverages
Beverages, alcoholic
Cigarettes
110.4
r
r
POWER OF THE DOLLAR
As measured by—
Wholesale prices
Consumer prices
Retail food prices
r
1947-49=100
do _do
Revised.
1 Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.4 (February); consumer prices, 52.3 (January); retail food, 44.8 (January).
cfFor actual wholesale prices of individual commodities, see respective commodities.
SUEVEY OF CURRENT BUSINESS
March
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-7
1954
January
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
Janu-
ary
Febru-
ary
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
mil. of dol__
2,444
2,346
2,567
2,813
3,114
3,364
3,522
3,637
3,614
3,479
3,285
2,985
' 2, 787
2,636
Private, total
do
Residential (nonfarm)
do
Now 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
do
Nonresidential building
do
Military facilities
do
Highway
do
O ther types
do
New construction (seasonally adjusted), total9
mil. of doL.
Private, total
do
Residential (nonfarm)
do
Nonresidential building, except farm and public
utility
mil. of doL.
Farm construction
do
Public utility
do
Public, total
do
Nonresidential building
do
Highway
do
1,710
816
730
63
1,637
758
675
61
1,779
863
770
71
1,927
980
860
96
2,122
1,107
970
111
2,278
1,193
1,050
114
2,392
1,267
1, 125
113
2,459
1,313
1,175
110
2,457
1,326
1, 195
106
2,410
1,321
1,195
102
2,347
1,292
1,175
95
2,202
1,214
1,115
77
' 2, 061
'1,111
' 1 . 020
70
1,986
1,034
950
63
486
179
164
102
299
734
354
73
130
177
474
176
157
106
292
709
345
69
125
170
469
173
154
114
326
788
365
75
160
188
464
169
151
127
348
886
377
79
230
200
490
165
167
145
371
992
387
78
320
207
528
164
189
157
389
1,086
397
89
385
215
549
161
203
164
400
1,130
409
89
415
217
552
160
207
167
415
1,178
423
93
440
222
551
160
207
153
415
1,157
403
96
445
213
541
163
197
126
410
1,069
378
96
390
205
551
169
200
106
386
938
358
90
300
190
534
172
186
93
349
783
339
83
185
176
'541
'185
'188
93
302
'726
'330
'82
145
'169
547
184
197
97
294
650
312
76
110
153
2,965
1,995
978
3,051
2,004
980
3,005
2,011
989
3,027
2, 059
1,040
3,089
2, 131
1, 105
3,078
2,122
1,102
3,094
2,173
1,150
3,145
2,219
1,192
3,157
2,234
1,214
3, 105
2,221
1,210
3,192
2,259
1,228
3,262
2,292
1,262
' 3, 379
' 2, 398
'1,323
3,393
2,433
1,326
507
136
365
970
401
270
516
135
365
1,047
409
327
514
134
366
994
387
300
512
133
968
376
293
518
132
367
958
375
297
513
131
367
956
377
292
517
129
367
921
364
292
521
128
367
926
373
288
515
127
367
923
365
299
506
126
367
884
352
274
526
125
368
933
376
288
524
124
368
970
380
305
'565
124
368
'981
'375
302
599
124
368
960
371
289
38, 361
1, 152
363
789
40, 787
1,221
436
785
55, 659
1,528
484
1,043
65, 521
1,692
477
1,215
65, 641
1,925
669
1,256
59, 741
1,733
625
1,108
60, 996
1,837
681
1,156
61,612
1,573
509
1,064
65, 832
1,816
589
1,227
67, 701
1,965
633
1,332
54, 671
1,499
475
1,024
62, 394
1,829
617
1,212
56, 285
1,504
480
1,024
3 661
33 937
473 077
3 871
32 259
468 712
4 936
5 406
41 561
45 971
532 060 605 427
5 647
5 744
5 367
51 913
49 014 48 877
641
513
656
445
672 288
33 442
48 156
462 482
35 621
52 706
508* 773
48 718
69 631
667' 737
57 531
80 422
796 133
57 019
84 946
825 300
51 414
73 138
720 266
951
134 304
1 007
191 ^55
1 623
209 986
2 040
219 400
2 427
324 032
2 693
2 458
287 104 351 895
307
82 124
288
51 920
382
117 734
544
70 908
548
103 633
502
69 449
571
98 087
516
66 897
457
98 790
492
<)9 98Q
396
94 474
45f
Q9 Q93
161
154
195
185
171
180
196
201
194
216
191
205
225
251
196
213
234
257
193
216
240
251
207
227
225
236
206
233
229
243
218
244
234
254
231
253
231
256
241
263
232
254
255
264
237
259
277
215
241
261
288
766
767
934
1,439
1,437
1,161
1, 575
1,271
1,479
996
1,215
1,373
1,295
4 726
1,748
1 852
1,125
4 03G
1,299
1 007
1 729
6 075
1,078
2 649
2 347
7 791
1 211
4 005
2 575
6 255
1 480
1 820
2*954
10 472
2 141
4 504
3 826
7 624
1,379
3 437
2,808
8 391
1,711
3 408
3,272
7 821
1?206
4 301
2' 314
8 376
582
5 485
2 309
5 076
1 500
1 919
1 657
i g Q9j
2 698
i 3 (539
i 2 354
7 134
2,600
2 769
1 765
C6.4
65.1
48.4
1.3
75.2
73.9
52.2
1.3
95.2
93.2
69.2
2.0
107.7
106.5
78.4
1.2
108.5
107.4
76.1
1.1
116.5
112. 6
83.9
3.9
116.0
112.9
84.6
3.1
114.3
113.0
81.4
1.3
115.7
113.4
80. 6
2.3
110.7
110.5
80.2
r
103. 6
' 103. 3
'75.4
.3
91.0
89.6
67.1
1.4
88.0
87.8
65.4
.2
1,056.0
1,152.0
1, 130. 0
1,102.0
1,083.0
1,175.0
1, 188. 0
1,211.0
56.5
54.7
43.7
2.1
8.9
1.8
66.1
64.9
55.2
2.5
7.3
1.2
95.0
93.0
79.0
3.4
10.6
2.0
100. 2
99.1
88.2
3.2
7.7
1.1
92.3
91.3
81.5
2.9
6.8
1.0
108.1
104.2
93.0
3.0
8.2
3.9
98.1
96.2
85.1
3.1
8.1
1.8
99.8
98.2
88.3
2.9
7.0
1.7
New construction (unadjusted), totalj
see
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects
number.
Total valuation
mil. of doL
Public ownership
do._.
Private ownership
do.-_
Nonresidential buildings:
Projects
number.
Floor area
thous. of sq. ft.
Valuation
thous. of dol.
Residential buildings:
Projects
numberFloor area
thous. of sq. ftValuation
thous. of doL
Public works:
Projects
numberValuation
thous. of dol.
Utilities:
Projects
numberValuation
thous. of doL
Value of contract awards (F. R. indexes):
Total, unadjusted
1947-49=100Residential, unadjusted
do._.
Total, adjusted
do...
Residential, adjusted
do- -_
Engineering construction:
Contract awards (ENR)§
mil. of doL
Highway concrete pavement contract awards:©
Total
thous. of sq. yd.
Airports
do._Roads
do. _ .
Streets and alleys
do...
NEW DWELLING UNITS
(U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned...thousands..
Privately owned, total
do
In metropolitan areas
do
Publicly owned
do
Seasonally adjusted at annual rate: 9
Privately owned, total
do
Residential construction authorized (nonfarm; housekeeping units only), all permit-issuing places:f
New dwelling units, total
thousands..
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
51 988
74' 756
745' 440
4,227
4 302
5 m7
42, 768
38 559
51 396
564,
788
491 090 701 ' 427
KC
A(yj
50,
696
53 403
48 656
70, 031
70 591
71 778
77 300
690,
355
692 736
708 691 76 1' 577
979
2 442
1 317
1 988
2 357
I nt A
9
262 682 293 285 342 59 204 595 979 Q1 0 173,657
5 251
42 549
550 550
5 321
5 090
50 °58
45 303
646 825 670 934
59 goo
57 928
85 814
78 995
777 332 851 824
1 , 248. 0 1,287.0
97.3
95.9
86 7
2.8
6.4
1.5
94.3
94.1
84.2
2.7
7.2
.2
r
91 1
1,393.0
1,473.0
88.0
87.7
77.8
2.7
' 7.1
.3
77 3
75 9
66 3
29
67
14
T
383
75 650
1,085
99.0
88.6
63.4
1.4
1, 424. 0 1,381.0
CONSTRUCTION COST INDEXES
121.0
121. 7
121.2
121.9
Department of Commerce composite}:
1947-49=100121.0
123 1
122 7
121.3
123.0
123 5
122.6
123 0
Aberthaw (industrial building)
1914 = 100-393
395
393
396
American Appraisal Co., The:
584
585
Average, 30 cities
1913=100..
594
585
599
595
591
586
589
586
597
598
598
598
641
641
641
649
639
Atlanta...
do
642
649
640
639
639
649
649
649
649
624
623
New York
do
624
629
625
623
624
629
624
623
629
629
629
629
522
522
539
530
530
550
539
530
529
530
San Francisco
do
545
545
545
545
St. Louis
do
600
576
576
595
596
594
579
577
577
598:
599,
599
599
596
419
432
422
Associated General Contractors (all types)
do
422
430
429
422
424
420
432!
432
432 i
432
431
J
' Revised.
p Preliminary.
Data includes some contracts awarded in prior months but not reported.
^Revisions for new construction (unadjusted) for 1950-1953 appear on p. 24 of the September 1954 SURVEY. Minor revisions back to 1915 for the Department of Commerce construction
cost index are shown in the May 1953 and May 1954 issues of the Construction and Building Materials Statistical Supplement.
9 Adjusted data not shown in SURVEY prior to the October 1954 issue.
§Data for April, July, September, and December 1954 are for 5 weeks; other months, 4 weeks.
GData for March, June, August, and December 1954 are for 5 weeks; other months, 4 weeks.
fRevised series. These data coxier nonfarm residential construction authorized in all places (both urban and rural) that require building permits; they replace the former urban-building
series which covered new dwelling units authorized in all places defined as urban in the 1940 Census.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
March
1954
February
March
April
May
Juno
1955
July
DecemAugust SeptemOctober November
ber
ber
January
February
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION
COST INDEXES— Continued
E. H. Boeckh and Associates^
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U. S. avg. 1926-29 = 100__
Brick and steel
_
do _.
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do _
Brick and steel
do
Brick and wood
do
Frame
_
..
_ __ _
do _ _ _
Steel
do - Residences:
Brick
__ _
_- _ ... -do
Frame
do
Engineering News-Record:cf
Building 9
1947-49=100-Construction9 . _ _ _
_ _ _ _ _
.-do Bu. of Public Roads— Highway construction:
Composite, standard mile
1946=100..
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100
Adjusted
_
_ . _.
-do .
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
thous. of dol._
Vet. Adm.: Face amount
do
Federal Home Loan Banks, outstanding advances to
member institutions
mil. of dol
New mortgage loans of all savings and loan associations, estimated total
thous. of dol
By purpose of loan:
Home construction
__
_ _. ___ do _
Home purchase
do
All other purposes
_ __
do
New nonfarm mortgages recorded ($20,000 and under) ,
estimated total
_ _
mil. of dol
Nonfarm foreclosures*
number
Fire losses
_. --- _ _ _ thous. of dol
254.9
251.9
255.2
254.3
250.9
253.7
254.0
250.7
253 7
254.2
250.2
252 8
255.7
251. 3
253 9
256.1
251.5
254 7
257.3
252 8
256 2
257.9
253 3
256 3
258.3
253.7
256 5
258.5
253. 9
256 8
258 2
253. 4
256.8
258.5
253. S
257 1
258. 8'
254 fi
25" 7
261.4
257 9
253.5
254.7
241.9
260.4
257 3
252.5
252. 5
241.3
260.2
257 2
252 5
252.7
241 2
261 0
257 4
251 9
251.5
241.2
262 9
258 8
253 1
252.6
242 2
263.4
259 3
253 6
253.9
242 4
265 0
261 0
254 9
255.4
244 7
265 8
261 7
255 3
255.5
245 5
2669 1
26 1
255 4
255.7
245 9
266 3
262 2
255 6
256. 1
245 9
266.0
262 0
255. 5
256.1
245.6
266 9
°00 4
262 5
256 2
255.7
250.5
254.2
248.3
254.2
248 9
253.4
247 4
254.5
248 3
255. 3
249 3
256 8
250 8
257 0
250 8
257 2
251 1
257.5
251 4
257.4
251.4
257 7
251 7
129. 3
135.7
129.2
135.5
129.4
135.8
129.6
136.5
130.0
137. 2
131.3
138.6
134.7
141 8
134.4
141 4
134.7
141 7
135.0
141 9
135. 1
142.0
135.4
142.2
127.7
127.0
125 4
9f)2 9
255 7
256. 4
245 9
257.4
246 0
258 4
252 4
r
135. 9
142 4
13.5. 9
142. 5
128. 1
r
138.7
162.4
143.8
174.3
167 0
176.7
172 6
173. 6
174 3
164. 7
177. 2
165.6
160 9
151 2
177 3
156 6
188 9
175 7
189 9
171.4
183, 443
247, 561
154,255
268, 144
161,872
225, 681
152, 886
249, 213
146, 580
269, 616
164,217
308, 931
154, 598
293 652
150, 706
418 182
135, 743
409 864
153, 592
517, 807
182, 894
492, 850
201,289
252,393
555 699
622, 155
751
677
630
613
608
675
630
659
689
708
743
867
717
494, 859
539, 359
710, 130
731, 533
728, 369
809, 937
802 356
840 693
828 170
824, 223
806, 718
852 543
151,935
217,119
125, 805
176, 074
219, 846
143, 439
245, 604
288, 212
176, 314
256, 844
297, 895
176, 794
254, 361
301, 497
172,511
283, 088
341, 421
185, 428
280, 756
348 998
172, 602
288 985
371 951
179 757
282, 060
368 912
177 198
283, 385
364 267
176, 571
278, 125
357, 022
171, 571
294, 539
368 513
189 491
1,372
1,830
86, 493
1, 425
1 921
78, 928
1,784
2 3%
84, 821
1,793
2 225
77, 933
1,804
2 147
62, 282
1,990
2 326
65, 533
2,027
2 1«8
69 532
2,086
2 049
78 163
2 122
2 304
64 087
2,156
2,148
2,267
57 668
61 663
83 881
169
171
132
156
156
60
263
167
174
133
155
143
50
275
178
168
140
170
163
55
294
174
161
141
1609
16
.53
304
159 6
188.9
191.7
149.6
10 445
10, 950
11, 429
1 Oil
2 576
2' 578
1 219
11,187
857
177. 0 p 164 3
' 178. 6 v 185. 8
!
75 265 !
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, ad justed: t
Combined index
_ 1947-49 =100. _
Business papers
_
do _ _
Magazines
do
Newspapers __ _ _
.. do _ _
Outdoor
do
Radio (network)
._
_
_do
Television (network)
1950-52=100 .
Tide advertising index, unadjusted
1947-49 =100_Radio advertising:
Cost of facilities, total _
_ . thous. of dol _
Automotive, incl. accessories
do
Drugs and toiletries
do
Foods, soft drinks, confectionery _ _
do _
Soaps, cleansers, etc
do
Smoking materials
__
_ _ _ _ _ - __ d o _
All other
__
__ do _
Television advertising:*
Cost of facilities, total
do
Automotive, including accessories ._ _
- do _
Drugs and toiletries
do _
Foods, soft drinks, confectionery
do
Soaps, cleansers, etc
__ _ _ _
do _
Smoking materials
_ _ _ _ _
do _
All other
do
Magazine advertising:!
Cost, total
__ _
__ do_._
Apparel and accessories _
_
do
Automotive, incl. accessories
do
Building materials.
_ _.
_ _
do _
Drugs and toiletries
do
Foods, soft drinks, confectionery _ _ „
do _
Beer, wine, liquors. _
_ __.
do _
Household equipment and supplies
do
Household furnishings__. _
do
Industrial materials
do
Soaps, cleansers, etc.
_ _ _ _ _ _ __ do.
Smoking materials
do
All other
do
Linage, total
thous, of lines
Newspaper advertising:
Linage, total (52 cities)
_ . _ _ _do _
Classified
do
Display, total
_
__
do
Automotive.
do
Financial
__
do
General __
do _
Retail
do.._.
164
165
138
162
144
64
225
130.3
161
166
136
152
130
64
224
146. 7
165
166
133
159
140
66
234
172.8
165
163
134
160
138
60
240
180.0
167
173
133
159
146
59
250
180. 9
173
173
144
164
147
5fi
264
168.4
170
160
128
157
152
64
298
131 1
168
167
126
161
138
60
280
130 3
13, 286
774
3,710
3,012
1,263
1,183
3, 343
12, 205
781
3,393
2,798
1,253
1,068
2,911
13, 895
1,063
3,713
3, 136
1,428
1, 161
3,395
12, 267
785
3,413
2,648
1 358
812
3,251
12,112
957
3,315
2,476
1,287
867
3,210
10, 764
669
3 182
2.361
1 200
709
2,644
9 529
693
2 222
2 453
1 117
575
2 469
9 571
721
2 130
2 326
1 135
25, 056
2,243
4,838
5,486
2,413
3,426
6,651
22, 944
2,052
4,330
5,087
2,496
3,175
5,805
26, 208
2,342
4,525
6,010
3,037
3,465
6,829
25, 347
2,331
4,397
5 702
2,952
3,556
6 409
25, 922
2,476
4,630
5 554
2,996
3,619
6 648
24 536
2,268
5 073
5 436
2,882
3,442
5 434
22 945
l' 969
5 182
5 377
2,484
3 585
4 348
23 669
33, 288
1,813
4,393
1,659
3,218
4,931
1, 270
738
1, 099
2,637
583
1,026
9,922
3,655
46, 191
3,039
4, 264
2,327
4,713
7,437
2,014
2,248
1,526
3,179
715
1,329
13, 400
4,131
57, 613
4,657
5,755
3,427
5,048
8,164
2,431
3,928
2,533
3,788
921
1,471
15 491
4,754
60, 328
5,609
5 416
4,157
5 334
6, 953
2,694
4,241
3,358
4 044
976
1 350
16 196
4 551
62, 984
5,514
6 329
4,670
5 215
6,672
2,616
4,862
3,426
4 020
1,273
1 662
16 727
4 284
50, 324
3 238
4 972
3,641
5 210
6 695
2,380
3 259
1,762
3 755
781
1 691
12 938
3 214
33 576
814
3 714
1 741
3 798
5 457
1 967
1 733
681
2 719
515
1 138
9 297
3 104
36 548
182, 932
46, 054
136, 878
10, 192
4,071
22, 626
99, 989
180, 732
44, 499
136, 233
9,240
2,457
26, 573
97, 963
216, 155
50 024
166, 131
11,336
3 099
34, 084
117,611
233, 264
51 778
181 486
14, 147
3 065
33 979
130, 295
234, 644
55 689
178 955
14, 647
2 905
34 896
126, 506
216 570
52 030
164 540
15 129
2 921
31 312
115. 179
'ei3
2 647
1*934
5 504
5 447
2,798
3 559
4 426
4*202
3 787
l' 554
3 499
5' 357
1 521
1 348
1 001
2 793
' 456
1 087
9 943
3 864
692
2 546
2 608
1 208
' 771
2 621
631
2 556
2 537
1 161
1 021
3 043
977
3,068
2 492
2,481
1 254
1,023
3,081
32 075
3 432
6 721
6 735
3, 145
3 734
8 307
33 560
3 388
7 357
7 453
3, 296
3 929
8 139
048
712
262
236
195
885
158
63 511
4 728
5 878
2 184
5 795
8 477
4' 135
45 077
3 340
3 714
4 450
3 690
4 769
4 439
2 948
4 229
26 198
1 932
6 053
5 795
3, 054
3 510
5' 855
31
2
7
6
51 787
Q 399
3 162
3 198
4 460
5' 999
2 005
3 005
2 510
4 303
63
5
3
3
6
8
3
671
837
202
571
3,055
3 728
8 278
140.9
859
4 361
6 472
4 568
2 807
1 510
3 036
294
729
810
760
1 285
14 732
1 377
17 502
1 549
18 390
1 499
jo 622
4 656
4 999
4 306
3 283
3 771
4 348
185 771 199 363 218 909 244 880 238 475 229 480 196 204
50 842
50 193
53 001
51 050
54 501
48 793
45 160
135 579 146 362 167 858 190 379 189 682 184 320 145 362
9 980
12 572
11 520
10 781
9 760
15 617
8 074
2 278
4 516
3 227
3 255
2 673
3 179
3 218
23 526
24 785
23 952
37 559
34 513
26 038
28 981
96. 880 109. 777 126. 444 137. 069 136. 298 146. 991 106. 081
'Revised.
» Preliminary.
§ Copyrighted data; see last paragraph of headnote, p. S-l.
cfData reported at the beginning of each month are shown here for the previous month.
9 Revisions for building cost indexes for August-November 1950 and July 1951 and for construction cost indexes for August 1950-November 1952 and May 1953 will be shown later.
*New series. Mortgage foreclosures, compiled by the Housing and Home Finance Agency, Home Loan Bank Hoard, represent estimates of the total number of mortgage foreclosures in all
nonfarm areas of the U. S. Television advertising cost, compiled by the Publishers' Information Bureau, Inc., covers gross time charges for network advertising on major television networks
(ABC, NBC, Columbia, and Du Mont).
fRevised series. Data reflect the adoption of a more recent comparison base (except for television) and adjustments of the radio and television
components to cover only the network portion of these media. Revisions prior to January 1953 will be shown later.
{Revised to exclude magazine sections of newspapers. Comparable
data prior to August 1953 will be shown later.
SURVEY OF CURRENT BUSINESS
March 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-9
1955
1954
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
DOMESTIC TRADE—Continued
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates: t
Goods and services, total
bil. of dol-A t
goous, loiai __
uo —
Furniture and household equipment
do
PI rF.
A b
" ~~
Food and alcoholic beverages
/j ~~
do__--
TT
±10
h Id ot
~n e at'
senoia.
iion
~ ~~
H
ao
K
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
—
O
mil. of doL-
12, 339
12, 065
230.5
233.1
234.8
237.7
28.0
11 6
12 8
28 8
12.6
12.4
28.9
12.4
12.6
29.9
13.1
12.8
118 8
19 5
72 0
6 9
120.0
19.7
72.5
7.0
121.1
19.4
73.7
7.0
122.1
20.0
74.2
7.1
83 6
12.0
29 0
7 2
84.3
12.1
29.3
7.2
84.8
12.2
29.5
7.3
85.7
12.3
29.8
7.3
13, 540
14, 324
14, 246
14, 658
14, 390
4,916
2,672
2,526
146
13, 896
14,665
14, 531
17, 872
4,842
2, 536
2,399
136
4,853
2,491
2,344
147
4,786
2,478
2,338
141
5,614
2,824
2,636
187
14, 139
r 13, 279
do
do
do
do
3,861
2,124
2,014
110
4,070
2,254
2,142
112
4,768
2,771
2,644
127
4,963
2,841
2,699
143
5,020
2,832
2,695
137
5,458
3,095
2,936
159
5,022
2,747
2,588
159
Furniture and appliance group
do
Household-appliance, radio stores
Lumber building hardware group
Lumber, building-materials dealers
Hardware stores
do
do
do
do
670
364
307
627
462
165
652
362
290
654
482
172
690
398
292
738
542
196
695
407
288
808
587
221
739
444
296
849
620
229
758
438
319
918
686
232
733
422
310
919
687
233
730
434
296
923
707
216
740
433
307
936
706
230
812
488
325
947
704
243
836
503
333
898
652
246
1,025
600
425
916
597
319
'698
410
288
663
493
170
do
do
__do
do
do
do
8,478
678
160
271
132
115
7,996
604
134
250
116
103
8,772
715
152
297
143
124
9,361
949
198
379
188
185
9,227
821
184
337
149
152
9,200
852
204
326
163
159
9,368
722
154
283
147
138
8,980
681
133
266
154
128
9,296
847
164
323
188
172
9,812
911
192
350
204
165
9,744
920
211
361
195
152
12, 258
1,448
354
566
313
215
8,797
do
do
do
do
do
407
988
3,357
2,837
855
394
962
3,112
2,607
800
401
1,004
3,340
2,799
870
398
1,035
3,422
2,866
903
406
1,100
3,447
2,886
955
406
1,134
3,385
2,833
989
407
1,221
3,689
3,121
1,052
396
1,207
3,374
2,828
1,026
392
1,156
3,475
2,920
975
406
1,139
3,661
3,100
1,017
398
1,067
3,452
2,893
994
530
1,113
3,920
3,304
1,008
'420
••1,013
' 3, 398
' 2, 868
••949
1,167
624
75
176
292
269
13, 622
4,436
2,285
2,148
137
1,142
599
82
188
273
256
13, 972
4,745
2,502
2,349
153
1,330
724
94
198
314
266
13, 900
4,858
2,738
2,595
143
1,567
863
94
249
361
266
14, 242
4,882
2,728
2,582
146
1,478
819
86
222
350
262
14, 044
4,730
2,581
2,449
132
1,514
830
96
231
358
250
14, 439
5,024
2,826
2,682
144
1,334
697
77
228
332
280
14, 272
4,911
2, 640
2,490
150
1,424
761
95
231
337
264
14, 150
4,770
2,571
2,430
141
1,543
852
103
235
353
276
14, 214
4,798
2,564
2,434
131
1,686
923
107
255
401
283
14,071
4,689
2,485
2,348
137
1,821
1,025
140
265
391
287
14, 361
4,948
2,685
2,547
138
2,850
1,555
173
549
574
458
15, 123
5, 320
3,054
2,904
150
do
do
do
do
do
do
784
443
341
827
599
228
779
453
326
849
619
230
758
433
326
784
570
214
777
440
337
781
566
215
769
436
333
800
582
217
740
423
317
818
598
220
775
447
328
846
614
231
724
415
310
864
644
219
728
426
302
867
645
222
752
444
308
875
648
227
744
448
296
905
674
231
766
475
290
909
668
241
805
488
317
879
647
232
do
do
do
do
do
do
9,186
845
187
339
163
156
9,228
878
199
341
177
162
9,042
807
196
308
164
140
9,360
876
200
340
182
153
9 31c
'822
194
330
160
138
9,415
885
207
354
179
146
9,361
855
184
348
178
145
9.380
'823
178
315
190
140
9,417
820
177
311
183
149
9,382
812
173
309
175
155
9,412
823
173
330
166
154
9,803
912
188
374
177
173
9,728
896
184
360
180
172
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores - _
Gasoline service stations _
do
do
do
do
do
430
1,066
3,378
2,857
936
416
1,099
3,396
2,831
916
410
1,049
3,362
2,831
915
416
1,105
3, 366
2,835
938
410
1,102
3,434
2,872
954
412
1,128
3,434
2,860
956
403
1,141
3,443
2,887
955
464
1,107
3,497
2,927
969
410
1,106
3,570
2,992
950
407
1,085
3,522
2,966
982
411
1,070
3,494
2,944
985
413
1,070
3,657
3,103
974
425
1,092
3,560
3,007
1,023
General-merchandise group
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
_
O ther general-merchandise stores
Liquor stores- _
do
do
do
do
do
do
1,505
823
96
236
349
316
1,528
822
100
250
357
297
1,490
806
98
226
360
289
1,606
857
104
250
394
292
1,539
840
100
234
365
270
1,581
854
103
249
374
280
1,569
862
104
250
353
277
1,576
854
101
256
364
291
1,566
849
100
257
359
283
1,565
867
98
247
353
266
1,570
870
101
258
341
266
1,669
904
107
285
374
284
1,654
902
106
269
377
290
do
do
do
21,370
10, 230
11,140
22, 050
10, 480
11, 570
23, 320
10,910
12, 410
23,350
11,080
12, 270
23,020
10,900
12, 120
22, 130
10, 490
11,640
21, 840
10, 240
11, 600
22, 140
10,160
11,980
22, 500
9,890
12,610
22, 630
9,570
13, 060
23, 271
9,838
13, 433
20, 670
' 9, 240
11,430
20, 980
9,700
11,270
do
do
do
do
do
22, 520
10, 690
3,900
1,980
2,440
22, 420
10, 580
3,870
1,990
2,350
22, 560
10, 490
3,810
2,010
2,310
22,690
10,410
3,770
1,990
2,320
22, 800
10,500
3,820
2,020
2,320
22, 600
10, 380
3,750
2,000
2,300
22, 400
10, 190
3,670
1,920
2,290
22, 450
10, 290
3,740
1,920
2,320
22, 430
10, 230
3,660
1,930
2,340
22,000
9,970
3,360
1,930
2, 340
11,830
2,590
2,390
3,670
11,840
2,610
2,420
3,670
12, 080
2,730
2,440
3,730
12,280
2,810
2,580
3,670
12, 300
2,710
2,590
3,740
12, 220
2,690
2,570
3,720
12, 210
2,700
2,530
3,730
Durable-goods stores
Automotive group ._
M^otor- vehicle other auto dealers
Tire, battery, accessory dealers
Nondurable-goods stores
Apparel group
Men's and boys' wear stores
^Women's apparel accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
_
Grocery stores
Gasoline service stations
_.
General-m erchandise group
do
Department stores, excl. mail-order .._ do Mail-order (catalog sales)
do
Variety stores
do
Other general-merchandise stores
do
Liquor stores
do
Estimated sales (adjusted), total
do
Durable-goods stores . . _
do
Automotive group
do
Motor- vehicle other auto dealers
do
Tire, battery, accessory dealers
do
Furniture and appliance group
Furniture, homefurnishings stores
Household-appliance radio stores
Lumber, building, hardware group
Lumber building-materials dealers
Hardware stores Nondurable-goods stores
Apparel group _ _ _
.
Men's and boys' wear stores
Women's apparel accessory stores
Family and other apparel stores
Shoe stores.
Estimated inventories:!
Unadjusted, total
Durable-goods stores _
Nondurable-goods stores
Adjusted, total
Durable-goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
.
1
12, 845
4,482
' 2, 645 i 2, 679
2,532
113
1653
1582
r693
149
284
136
125
1402
'957
3, 263
i 2, 765
i 899
1
' 1, 244 i 1, 185
r 676
1630
83
186
299
248
14, 871
5,143
2,844
2,700
143
' 22, 090
'22,080
22, 210
r
10, 030 ' 10, 060 10, 160
3,650
' 3, 390 r 3, 430
1,900
1,850
1,930
2,410
2,330
2,340
12, 020
12,170
12,050 '12,030
12,190
12, 050
2,570
2,670
2,690
2,700
2,650
2,740
2,310
2,490
2,380
2,290
2,300
2,370
3,740
3.830
3.810
3.920
3.820
3,770
r
1
Revised.
Advance estimate.
JRevised series. Quarterly estimates have been revised back to 1939; annual data, to 1929. Revisions prior to 2d quarter 1953 for the grand
total, total durable and nondurable goods, and services are shown as components of gross national product in table 5 on pp. 8 and 9 of the July 1954 SURVEY; those for the subgroups appear in
the 1954 issue of the National Income Supplement.
t Revised series. See corresponding note on p. S-3.
Nondurable-goods stores-___
Apparel group
Food group _ _
_
General-merchandise group
__do
do
do
do
SUEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March 1955
1955
1954
January
February
March
May
April
July
June
August
Septem- October Novem- December
ber
ber
January
February
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Firms with 11 or more stores:
Estimated sales (unadjusted), total
mil. ofdoL_
Apparel group
do IVIen's and boys' wear stores
do
Women's apparel accessory stores
do Shoe stores
do
Drug and proprietary stores
do _
Plating and drinking places
- do
Furniture homefurnishings stores
do
General-merchandise group
-do
Department stores
do
Dry-goods, other general-merchandise stores
mil of dol
Variety stores
do
Grocery stores
-do
LumbeY building-materials dealers
do
Tire battery accessory stores
do _
Estimated sales (adjusted) tot&l
Apparel group
Mien's and boys' wear stores
\Vomen's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture homefurni^hings stores
General-merchandise group
Department stores
Dry-goods, other general-merchandise
mil
Variety stores
-Grocery stores
Lumber building-materials dealers
Tire battery accessory stores
do
do
do
do
do - do
do
do
do
do
stores
of dol
do
do
do
do
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49— 100
Installment accounts
do
Batio of collections to accounts receivable:
Charge accounts
percent
Installment accounts 9
_ __ _ do _
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do _
Sales unadjusted total U S.J
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
New York
.
Philadelphia
Richmond
St Louis
San Francisco
Sales adjusted total U S J
Atlanta
Boston
•
Chicago
Cleveland
Dallas
Kansas Citv
M^ inneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
Stocks, total U. S., end of month:t
Unadjusted
Adjusted
1947-49=100
--- - do _
do
- do
do
do_ _
do
do
_ . _ do_ do
- do _ _ _
do
do
do
do
do
do
do _
do
do
do
do
do
do
do
do
__
do
do
Mail-order and store sales:
Total sales, 2 companies
thous. of dol
Montgomery Ward & Co
.do _ _ _
Sears, Roebuck & C o
__do--WHOLESALE TRADE
Sales estimated (unadj ) totalf
mil. of dol
Durable-goods establishments
do
Nondurable-goods establishments
-do
Inventories, estimated (unadj.), totalf
Durable-goods establishments
Nondurable-goods establishments
r
._
do. _ _
do
do
2,240
120
45
37
60
50
22
2,150
113
10
45
36
57
49
25
2,429
155
14
58
48
59
54
31
i 2, 687
212
18
81
73
62
54
27
1 2, 603
165
14
66
57
61
55
32
1 2, 605
171
16
65
61
61
57
28
i 2, 643
139
U
58
52
63
58
28
i 2, 470
131
10
55
47
60
58
29
501
223
510
220
604
278
737
346
697
347
729
354
655
314
692
321
76
133
1,097
41
37
71
144
1,000
47
39
84
155
1,086
54
43
108
198
1,128
60
50
96
174
1,114
64
49
104
182
1, 069
70
59
94
175
1, 206
70
58
104
178
1,029
72
52
2,543
164
14
64
54
62
54
29
2,585
167
14
67
54
62
56
30
2,584
167
15
62
56
61
55
30
2 595
160
14
63
53
63
54
28
i 2 619
167
16
66
54
63
55
98
2 652
164
15
67
54
64
55
32
693
312
715
324
718
330
736
344
702
322
740
338
730
336
103
186
1,082
56
51
104
195
1,087
61
52
105
191
1,090
61
49
105
192
1,088
60
51
99
187
1,120
62
48
106
199
1 098
62
52
159
252
138
243
127
236
131
236
130
233
45
'14
43
14
48
15
45
14
47
42
11
46
43
11
46
43
11
83
94
83
82
80
r
93
83
75
81
r
81
80
83
85
86
101
81
83
80
98
86
83
83
84
89
88
86
107
122
105
106
104
r
l!8
110
104
101
106
109
108
r
109
1
i 2, 802
183
17
68
61
64
57
33
i 2, 743
186
20
71
54
61
54
32
i 3, 718
296
119
86
92
58
32
i 2, 316
126
12
48
41
60
53
23
732
355
797
380
848
385
1, 360
570
565
267
98
184
1,077
75
49
120
199
1, 183
71
51
125
210
1,081
68
49
203
425
1,288
58
74
80
140
1, 083
50
42
2 654
168
16
63
57
64
55
29
* 2 607
168
15
64
59
63
54
30
i 2, 660
177
17
67
59
63
57
27
i 2, 798
188
18
73
62
66
57
27
!2 754
181
15
69
62
63
56
31
748
345
745
351
722
334
745
345
107
190
1,128
63
54
109
200
1,119
63
49
102
199
1,120
64
51
105
193
1,108
61
52
130
232
117
226
117
228
127
231
46
14
47
14
45
14
45
13
46
44
10
47
43
10
46
44
10
47
42
11
89
110
86
86
82
102
90
79
85
91
97
92
88
110
129
108
109
105
119
110
101
101
109
124
112
107
106
120
102
108
98
119
109
104
98
104
114
106
107
106
114
106
108
100
112
108
96
99
104
113
110
105
88
106
109
123
109
107
104
121
109
108
102
111
117
112
107
105
117
102
101
92
115
103
95
99
106
119
108
111
111
127
105
111
104
120
113
100
102
109
122
114
111
108
122
102
108
98
123
109
104
100
105
115
106
114
108
120
114
119
126
121
127
120
231, 649
52, 587
179, 062
228, 687
53, 131
175, 556
278, 044
67, 406
210, 638
8,014
2,425
5, 589
8,103
2,628
5,475
11, 937
5,863
6,074
11,914
5,947
5,967
12
1
2 613
175
16
69
56
64
55
29
1
1
1
2, 655
166
16
65
55
63
55
29
1
2, 598
170
13
62
63
60
57
28l
r
r
820
385
814
393
107
200
1,116
67
50
120
216
1,154
70
52
114
206
1,127
66
55
135
238
150
249
200
277
163
276
46
13
47
14
48
13
46
14
44
14
46
43
11
45
44
11
44
44
12
45
44
11
47
43
10
45
43
12
112
123
115
113
105
121
114
111
106
111
122
111
112
118
141
110
114
111
135
121
122
110
113
130
123
116
137
154
133
133
134
147
130
120
132
146
153
137
134
••200
234
200
-•188
192
225
201
180
184
r
!97
r
231
193
r
209
r
91
J>105
90
88
87
p 107
92
81
84
85
91
93
97
P88
86
82
111
97
84
73
78
93
89
100
98
115
83
98
94
115
104
99
80
85
102
100
111
112
129
106
110
107
127
115
103
102
109
120
122
114
111
132
107
106
105
132
118
105
101
109
117
112
115
112
131
104
108
108
127
112
105
105
107
120
110
115
107
121
109
106
101
114
107
101
102
107
115
104
110
113
138
110
111
106
129
116
106
105
105
124
112
116
114
135
110
110
109
130
1U
104
105
11
124
115
114
r
118
P136
P 114
P 114
P113
v 13o
pl23
P 112
p 106
P112
P 124
P120
P 124
p 112
136
11
115
116
134
12
113
10,
113
133
118
118
126
121
116
122
115
124
120
124
129
125
138
124
139
124
110
' 124
P 111
P123
333, 209
83, 562
249, 647
335, 726
78, 109
257, 617
352, 655
81,318
271, 337
313, 704
69, 881
243, 822
327, 837
77, 591
250, 247
345, 570
81, 298
264, 272
370, 634
88, 435
282, 199
384, 428
93, 531
290, 898
9,135
2,928
6,207
8,751
2,902
5,849
8,526
2,781
5,745
9,465
3,060
6,405
9,515
2,872
6,643
9,461
2,984
6,477
9,632
3,089
6,543
9,469
3, 095
6,374
9,627
3.023
6,604
11, 843
6,053
5,790
11,601
6,022
5,579
11, 553
6,040
5, 513
11, 488
5,881
5,607
11, 503
5,720
5,783
11, 627
5,712
5,915
11, 752
5,642
6,110
11,944
5,641
6, 303
11,916
5,611
6,305
r
rU7
r
523, 056
131,875
391, 18
r
9 596
3,00"
6, 589
8 696
2, 719
5,977
11, 562
5, 460
6, 102
11, 750
5 65
6,099
r
r
266, 312
53, 456
212, 85f
r
242 847
52, 271
190, 576
1
Revised. v Preliminary.
Excludes comparatively small sales amounts for certain lines of trade also excluded from this series prior to April 1954.
9 Revised beginning 1953; not strictly comparable with earlier data.
JData for 1946-53 have been revised to reflect changes in seasonal factors and other minor changes. Unpublished
revisions (prior to July 1952) will be shown later.
fRevised series. See corresponding note on p. S-3.
SURVEY OF CUEEENT BUSINESS
March 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-ll
1954
January
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, in cl. Armed Forces overseas0
thousands. . ' 161, 10
' 161, 33 ' 161, 54 ' 161, 76 ' 161, 966 ' 162, 18 ' 162, 40
' 162, 667 ' 162, 94
' 163, 210
163, 46
' 163, 69
163, 930
164, 158
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, total
thousands
Total labor force, including Armed Forces
Civilian labor force, total
Employed .
.
.. ...
Agricultural employment
Nonagricultural employment
Unemployed.
Not in labor force _
_._
Employees in nonagricultural establishments^
Total, unadjusted (U. S. Dept. of Labor)
Manufacturing
Durable-goods industries
Nondurable-goods industries
115, 73
115,81
115,91
115, 98
116, 083
116, 15
116, 217
116, 329
116, 43
116, 76
116, 855
116,901
do
66,29
67,13
67,21
67,43
67, 786
68,78
68, 824
68, 856
68,56
68, 190
67,90
66,81
66, 700
66, 550
do
do
do
do
do
62,84
59,75
5,28
54,46
3,08
63,72
60, 05
5,70
54,35
3,670
63,82
60, 100
5,87
54, 225
3,724
64,06
60, 59
6,07
54,52
3,46
64, 425
61,119
6,822
54, 297
3,305
65,44
62, 098
7,628
54, 470
3,347
65, 494
62, H8
7,486
54, 661
3, 347
65, 522
62, 277
6,928
55, 349
3,245
65,24
62,14
7,52
54,61
3,10
64, 882
62,14
7,239
54,902
2,74
64,62
61, 732
6, 154
55,57
2,893
63,52
60,68
5,32
55,36
2,83
63, 497
60, 150
5,297
54, 853
3,347
63, 321
59, 938
5, 084
54, 854
3,383
.do
49, 446
48, 680
48, 696
48,54
48, 297
47, 365
47, 393
47, 473
47,86
48, 35"
' 48, 735 49,95
50, 156
50, 352
do
do
do
do
48, 147
16, 434
9 591
6,843
47, 880
16, 322
9,480
6,842
47, 848
16, 234
9,389
6,845
48, 068
16, 000
9,260
6,740
47, 935
15, 836
9,152
6,684
48, 137
15,888
9, 123
6,765
47, 808
15, 62"
8,863
6,764
48, 045
15, 863
8,875
6,988
48,52
16,01
8, 950
7,069
48, 668
16, 058
9,065
6,993
48, 827
16, 107
9,182
6,925
80,
104
46
261
790
103
45
252
772
102
42
237
749
98
39
220
737
99
29
213
744
100
27
214
735
100
25
202
737
98
25
207
719
89
2,
205
716
90
32
203
721
93
32
204
295
99
2,349
4,069
l,26f
127
701
42
555
291
98
2,356
4,039
1,244
126
701
41
554
292
99
2, 415
3,992
1,215
126
700
41
555
291
101
2, 53,
4,008
1,206
125
700
42
556
292
103
2,634
4,008
1,216
124
699
41
557
300
104
2,729
4,032
1,229
123
699
41
563
303
105
2, 795
4, 043
1,232
122
705
41
569
301
105
2, 851
4,030
1 224
121
703
41
569
295
10,
2,817
4, 032
1 216
120
696
41
564
287
104
2,777
4,012
1 207
120
694
41
560
do
do
do
do
do
do.. ..
do
do
do
.do . _
do
do
10, 421
2,794
7,627
1,369
1,401
825
2, 033
5,377
467
333
165
6,659
10,310
2,792
7,518
1,305
1, 406
818
2,044
5,380
474
330
163
6,639
10, 305
2.780
7,525
1,319
1,399
812
2, 057
5,406
474
329
164
6,667
10, 496
2,762
7,734
1,409
1,420
808
2,075
5,506
488
331
171
6,699
10, 375
2,746
7,629
1,339
1,416
809
2,081
5,563
502
334
171
6,701
10, 414
2,757
7, 657
1,325
1,422
812
2,104
5,601
527
337
172
6,625
10, 377
2,780
7,597
1,290
1,414
812
2,126
5,638
584
338
167
6,467
10, 350
2,781
7, 569
1,290
1,405
810
2,126
5,634
583
332
162
6,454
10. 480
2,786
7,694
1, 360
1, 413
804
2, 115
5. 60f
516
329
163
6, 738
10, 581
2,815
7,766
1,410
1,428
801
2,110
5,549
479
330
166
6, 865
10, 782
2,844
7, 938
1,531
1,438
808
2,108
5,511
'470
328
165
6,882
' 7, 152
' 6, 834
P 6, 872
do
do
do
do
48, 812
16, 497
9,599
6,898
48, 607
16, 349
9,467
6,882
48, 441
16, 262
9,364
6,898
48, 268
16, 122
9,245
6,877
48, 177
16, 038
9,171
6,867
48, 102
15, 994
9,126
6,868
47, 982
15, 775
8,962
6,813
47, 945
15, 733
8,910
6,823
48, 054
15, 789
8,941
6,848
48, 209
15, 886
9,035
6,851
48, 398
16,018
9,141
6,877
' 48, 419
' 16, 038
' 9, 163
' 6, 875
' 48, 467
' 16, 028
' 9, 176
' 6, 852
p 48, 525
p 16, 116
p 9, 262
P 6, 854
do
do
do
do
do
do
do
805
2,581
4,118
10, 577
2,054
5,487
6,693
794
2,618
4,087
10, 543
2, 065
5, 490
6,661
772
2,654
4,012
10, 552
2,067
5, 488
6, 634
753
2,641
4,015
10, 524
2, 075
5, 506
6,632
744
2,634
4,011
10, 494
2,081
5,508
6,667
740
2,624
4,016
10, 480
2,083
5,518
6,647
742
2,637
4,014
10, 507
2,095
5,555
6,657
730
2,640
4,001
10, 504
2,095
5,551
6,691
715
2,633
4,016
10, 480
2,115
5,523
6,783
716
2,620
4,002
10, 476
2,121
5,549
6,839
717
2,645
3,982
10, 532
2,119
5,539
6,846
716
' 2, 601
' 3, 989
' 10, 617
' 2, 120
' 5, 534
' 6, 804
712
P715
' 2, 591 P 2, 521
' 3, 980 p 3, 985
' 10, 639 P 10, 632
'2,117 p 2, 126
' 5, 534 p 5, 538
' 6, 866 p 6, 892
Mining total
do
Metal
do
Anthracite
..
do ._
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands..
Nonmetallic mining and quarrying^ _ _ do
Contract construction .. . . .
_.
do
Transportation and public utilities
do
Interstate railroads.
... ..
do
Local railways and bus lines
do
Telephone .
,..
do
Telegraph.. _.. _ -.._
..do .
Gas and electric utilities
do
Wholesale and retail trade
Wholesale trade
,
Retail trade
....
General -merchandise stores
Food and liquor stores . _
Automotive and accessories dealers
Finance, insurance, and real estate
Service and miscellaneous
Hotels and lodging places
Laundries
..
__.
Cleaning and dyeing plants
...
Government
__ _
._
__
Total, adjusted 9
Manufacturing
Durable-goods industries
Nondurable-goods industries
Mining
Contract construction
Transportation and public utilities.
Wholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous
Government
_
116, 547 ' 116, 644
' 49, 50
' 16, 097
9,20
' 6, 896
' 47, 804 p 47, 801
' 15, 965 p 16, 082
' 9, 166 p 9, 271
' 6, 979 p6,811
720
9
712
93
'204
203
"92
"204
289
103
'10
98
2,724
' 2, 549 ' 2, 358 p 2, 269
3,992 ' 3, 999 ' 3, 933 P 3, 938
' 1 189
' 119
694
41
559
11, 400 ' 10, 483 p 10, 397
2,815 p 2, 806
' 2, 85,
7, 668 p 7, 591
' 8, 54,
' 1, 921 1, 356 p 1, 307
' 1, 458 1,424 p 1,430
' 806
P804
823
2, 096
p 2, 105
' 2, 109
5,423 P 5, 427
' 5, 479
Production workers in manufacturing industries: 9
12,212
13, 002
Total (U. S. Dept. of Labor)
thousands..
12, 449
12, 652
12, 437
12,590
12, 906
12,818
12, 480
12, 697 ' 12, 682 ' 12, 553 p 12, 653
12,611
Durable-goods industries
do
6,933
7, 616
6,917
7,208
7, 309
7,430
7,177
7,133
7,520
7,247
7.015
' 7, 263 ' 7, 221 P 7, 314
Ordnance and accessories. .,
_
do
177
117
113
125
137
112
150
120
165
p 106
110
'108
114
109
Lumber and wood products (except furniture)
604
617
643
thousands. .
613
679
649
701
627
720 713
P655
'658
697
'687
Sawmills and planing mills
do
344
324
331
372
361
351
347
343
381
'376
378
Furniture andfixtures.. ... . .
do
293
272
275
288
277
283
290
292
299
299
'289
J>293
296
294
Stone, clay, and glass products
do
428
424
434
427
428
429
427
427
438
439
P434
'429
437
437
Glass and glassware, pressed or blown. ..do
74
77
78
78
78
78
78
76
76
76
76
Primary metal industries
do
1,049
983
976
1,010
969
991
968
1, 027
969
988
965
' 1, 002 ' 1,011 P 1, 032
Blast furnaces, steel works, and rolling mills
522
502
thousands.. 1
485
484
483
491
511
488
481
'487
485
Primary smelting and refining of nonferrous
metals
thousands. _
48
47
47
48
48
48
49
48
45
48
46
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
874
thousands _ .
852
864
833
809
840
831
819
820
829
'844
845
'834
"845
Heating apparatus (except electrical) and
plumbers' supplies
thousands .
92
91
91
92
89
90
90
95
98
98
98
Machinery (except electrical)
do
1, 202
1,230
1,151
1,165
1,187
1,220
1,108
1,093
1, 095
1,091
1,091 ' 1, 106 '1,112 P 1, 137
Electrical machinery.
do
855
827
776
765
791
811
839
782
802
817
827
828
'815
P818
Transportation equipment
do
1,470
1,409
1,324
1,435
1,342
1,380
1,277
1,237
1,184
1,246
' 1, 365 ' 1, 389 p 1, 409
1,326
Automobiles
do . .
677
637
594
601
625
655
561
534
549
478
'633
Aircraft and parts . .
.
do
602
592
570
575
585
596
565
556
559
'549
551
Ship and boat building and repairs
do
125
122
120
111
115
116
109
102
101
102
'100
Railroad equipment
._
do
59
53
55
42
48
44
34
37
37
36
36
Instruments and related products
do 237
233
224
229
215
220
210
210
214
213
213
213
' 212
v 212
Miscellaneous mfg. industries
do
386
393
375
389
374
380
363
378
392
395
379
398
' 365
P 372
' Revised, v Preliminary.
0Minor changes have been made for May 1950-October 1951. Revision s for Nov(jmber 195 1-Decemt>er 1953 w ill be shovra later,
9 Data for employment and hours and earnings have been revis ed effectsre with th 3 June 1954 SURVEY to adjust ;o the first quarter ]1953 bendimark. JFRevisions 1beginning 1951 are available
upon request to the Division of Manpower and Employ metit Statistic s, Bureau of Labor S tatistics, t7. S. Depa rtment ofiLabor, exc(jpt for the estimates of emplo yment ad usted for seasonal variation
which are available from the Board of Governors, Federal jReserve Sy stem. Be ginning S sptember 1954, the (estimates af the nunaber of eniployees b y industr y division and the ilumber and index
of production workers in manufacturing industries (p. S--12) adjus ted for sea sonal var lation are compiled by the V \ S. Department of Labor, Bu reau of La bor Statis ics. The BLS is currently
using the seasonal factors formerly used by the Board of Governors, Federal E eserve Systern.
SUEVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
March 105,'
1954
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfe. industries 9— Continued
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries
thousands. _
Food and kindred products _ _ __ _ do-Meat products
_
do _
Dairy products
do
Canning and preserving
do
Bakery products
do
Beverages
do
Tobacco m anufactures
do _
Textile-mill products
_ _ _ _ do _ ..
Broad-woven fabric mills
do
Knitting1 mills
do
Apparel arid other finished textile products
thousands
Mien's and boys' suits and coats
do
Men's and boys' furnishings and work clothing
thousands..
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
thousands. Newspapers
_-do
Commercial printing _ _.
do Chemicals and allied products
_. _-do
Industrial organic chemicals..
do
Products of petroleum and coal
do-- .
Petroleum refining
__
.do Kubber products
do_ _.
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
_. _ _ ... -do. ._
Production workers in manufacturing industries, adjusted 9
Total
thousands.Durable-goods industries
_ _ do- .
Nondurable-goods industries
do
5,386
1,024
256
73
132
173
115
97
997
466
190
5, 386
1,009
250
74
125
175
112
SO
995
463
194
5,388
1,009
246
77
126
174
115
84
989
460
193
5, 281
1,011
241
80
135
174
117
82
979
455
192
5. 229
1.031
239
84
144
172
122
82
969
452
192
5,303
1,079
247
88
165
174
127
82
981
457
197
5,295
1.142
246
88
225
176
133
83
953
442
192
5, 516
1,224
251
85
306
174
127
102
981
452
202
5. 596
1, 252
257
81
332
173
122
110
987
453
204
5, 519
1.169
262
234
175
119
110
998
453
204
5,450
1,102
'264
'76
'171
r
175
118
103
992
r
454
204
1,062
119
1,088
122
1,101
121
1,030
110
985
105
987
108
980
107
1,050
115
1, 053
114
1.050
110
1,053
-104
268
333
438
219
271
344
437
218
275
349
436
219
268
314
433
217
261
287
433
218
262
284
436
220
248
296
430
217
269
317
436
219
273
312
441
220
276
305
440
218
r 276
r
T
r
5,
332 p 5, 339
r
997
p980
r
91
987
p87
p991
1, 061
* 1,078
r
100
r
r
993
T
1,065
315
440
218
514
142
171
540
214
178
138
206
86
332
222
514
143
169
536
207
178
138
203
85
339
225
517
146
168
539
204
177
137
199
85
338
226
516
146
168
534
202
176
137
195
83
325
218
515
147
167
525
201
179
138
197
84
315
211
519
148
168
517
201
181
140
198
85
324
217
513
145
167
513
201
181
141
173
67
327
218
514
145
167
516
201
179
139
177
68
337
224
523
147
170
524
201
177
137
199
85
330
217
525
148
170
529
202
175
135
204
87
329
213
524
148
169
528
205
173
'134
205
'84
331
'216
13,063
7,621
5, 442
12, 935
7,509
5,426
12, 840
7,405
5,435
12, 705
7, 295
5,41C
12,632
7,227
5,405
12, 589
7,182
5,407
12. 371
7,020
5,351
12, 334
6,972
5,362
12, 388
7,007
5,381
12, 485
7,104
5,381
12, 610
7,206
5,404
104.3
104.6
103.6
103. 8
101.8
102.7
100.5
102.1
100.9
101.8
98.7
100.0
100.6
99.7
102.0
100.2
102.3
100.9
102.7
101.9
2, 148. 7
206.6
2,147.0
206.6
2,141.4
206.7
2.134.0
205.7
2.137.6
207.7
2, 135. 4
207.4
2, 130. 9
206.4
2, 115. 9
204.7
2, 121. 3
205. 5
1, 114
1,089
1,081
1,091
1,104
1,107
1,099
1,092
1,083
1,064
' 101. 6
' 100. 7
r
r
Production workers in manufacturing industries: 9
Indexes of employment:
105. 1
Un adjusted
..
- 1947-49=100—
105.6
Adjusted
do
Miscellaneous employment data:
Federal civilian employees (executive branch):^
United States, continental
thousands-- 2 2,2 157. 6
207.1
Washington, D. C., metropolitan area... -do
Railway employees (class I steam railways) :
1,139
Total
thousands
Indexes:
108.6
Unadjusted
1935-39—100
112.9
Adjusted
do
r
5, 419
1, 054
r
r
438
r
434
p433
525
r
518
p516
529
r
529
P528
172
r
!70 ""Vl70
211
P210
r
337
P346
r
209
r
334
12, 618
7, 223
5, 395
r
r
r
102. 5
102.0
r
12, 616 p 12. 677
7, 231 P7,303
5, 385 p 5, 374
T
r
r
r
101.5
102. 0
p 102. 3
P 102. 5
2. 138. 7 '12,431.1 2, 113.2
206.2
206. 0 ' i 209. 8
' 1, 059
1,037
p98. 9
p 102. 9
100. 7
102. 3
106.2
108.9
103.8
106.5
103.1
104.8
104.1
104.5
105.3
103. 9
105.7
103. 5
104.9
102.8
104.3
101.8
103.4
100.0
140.8
140. 5
138.4
135.0
135.1
136.6
132.3
135.1
138.4
' 139. 5
'142.7
' 143. 9
39.4
40.1
40.0
39.6
40.2
40.0
39.5
40.0
40.2
39.0
39.7
39.7
39.3
39.9
40.0
39.6
40.0
40.1
39.4
39.7
40.1
39.7
40.1
40.1
39.7
40.1
40.1
39.9
40.4
40.5
40.2
40.8
'40.7
39.4
39.2
39.6
39.7
39.0
39.3
40.1
40.2
40.1
40.4
39.6
38.6
40.0
40.6
40.1
40.4
39.6
38.0
40.2
40.6
39.1
40.1
38.3
38.0
39.9
40.5
38.8
40.4
39.0
38.4
40.9
41.2
39.6
40.4
38.8
38.8
40.8
41.7
39.5
40.3
38.4
38.3
41.5
42.2
40.6
40.7
39.1
38.4
40.4
41.7
40.8
40.7
39.3
38.5
41.5
41.9
41.2
41.2
39.7
38.8
37.4
37.7
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U S Dept of Labor) 9
1947-49= 100_-
r
!41.8
p 144. 8
40.6
41.1
4Q. 7
P40.2
pr 40.9
40. 0
P40.5
P41.2
P40.4
'41.1
'41.5
'40.9
41.1
39.2
'39.5
40.9
40.9
41.5
41.0
39.3
40.2
r
'38.8
39.5
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) : 9
All manufacturing industries
hours. _
Durable-goods industries
_do
Ordnance and accessories
do
Lumber and wood products (except furniture)
hours -_
Furniture and
fixtures
do _
Stone, clay, and glass products
do
Glass and glassware, pressed or blown,. do
Primary metal industries
_do
Blast furnaces, steel works, and rolling mills
hours. _
Primary smelting and refining of nonferrous
Fabricated metal prod, (except ordnance, machinery, transportation equipment) .-hours- .
Heating apparatus (except electrical) and
plumbers' supplies
hours. _
Machinery (except electrical).
do
Electrical machinery
do
Transportation equipment
do
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs
do
38.9
37.8
36.8
37.1
37.6
3ao
37.5
37.3
41.7
40.6
39.9
39.8
40.0
40.3
39.8
40.2
39.3
40.0
40.3
40.5
40.1
40.7
40.7
40.0
40.5
40.7
40.9
'41.3
41.7
40.7
40.6
40.4
40. 8
P41.3
""MO." 5
MO. 5
P41.6
P40.4
MO. 3
P40.9
Ml. 2
P41.2
40.4
40.1
40.7
40.4
40.0
40.1
39.1
39.4
38.4
39.3
38.6
39.3
P41.2
'40.4
40.9
MO. 9
40.2
40.2
40.3
40.5
40.6
40.5
41.1
40.1
41.2
41.3
P40.4
MO. 3
40.5
40.7
40.4
39.8
40.1
39.3
39.6
39.5
39.2
39.3
39.6
39.9
M2.3
42.5
'41.7
M2.0
40.4
40.2
40.0
39.9
39.8
40.2
40.6
40.1
40.2
40.5
44.1
'42.9
40.6
39.8
40.0
39.2
39.3
40.9
40.4
39.5
41.0
39.5
41.4
'41.2
40.7
40.8
40.8
40.8
40.7
40.5
40.7
41.0
41.2
40.6
'38.2
39.0
38.5
37.9
39.0
39.1
38.7
39.1
38.8
39.4
38.0
39.0
40.4
'39.9
38.2
38.4
36.8
38.2
38.6
38.5
38.5
39.2
39.2
39.5
r
40. 2
v 40. 0
40.5
40.3
40.1
39.9
39.5
39.5
39.8
39.6
40.2
39.6
39.9
40.4
Instruments and related products _
do
r
40. 3
v 40. 6
40.7
'40.5
40.5
39.9
40.0
39.6
39.0
Miscellaneous mfg. industries
do... _
39.4
40.1
40.0
39.2 39.4
2 D £ita beginning Janu' Revised.
* Preliminary.
1 Includes temporary Post Office employees hired during Christmasseason; th ere were a bout 304,: 00 such e tnployees in all area s.
ary 1954 are revised to include additional employees now classified as Federal employees although they are paid f rom fund 3 appropri ated to th e D is trie of Colunibia. Ad justed data for December 1953, comparable with January 1954: Continental U. S., 2,454,300; Wash., D. C., 212,400.
9 See corresponding note on p. S-ll.
cfData beginning January 1953 exclude employees in the General Accounting Office and Qovernmeiit Printin g Office \v ho were t ransferrec to the le gislative b ranch; erQployment in these
agencies at the end of January 1953 was as follows: Continental United States— GAO, 6,200; GPO, 7,700; Wash., D. C .-GAO, 4,600; GP 0, 7,400. Also, the data beg inning Ja]luary 1953 exclude
1,300 employees of Howard University and Gallaudet College who are not now classified as Federal employees. In ad(iition to ,he aforenlentioned exclusions, the Jan uary 1953 figure for
Continental U. S. reflects a downward revision of approximately 16,000 employees based on more acciirate repo rts from t he Post C)ffice Dep artment.
SURVEY OF CURRENT BUSINESS
March 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-13
1955
1954
January
February
March
April
May
June
August
July
January
Septem- October Novem- December
ber
ber
February
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc. — Continued
All manufacturing industries, etc.— Continued
Nondurable-goods industries 9
hours
Food and kindred products
do . _ _
M^eat products
do
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
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
Nonrnanufacturing industries: 9
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production hours
Nonmetallic mining and Quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines J
do
Telephone
do
Telegraph
do
G as and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places)
hours
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
_ _
do
Laundries
__. .
._
.-do
Cleaning and dyeing plants do
38.5
40.9
41 5
43 1
37.7
40.8
39.3
36.2
37.4
37.5
36.1
38.8
40.5
39 7
43 3
37.5
41.0
40.0
35.9
38.0
37.9
37.0
38.8
40.4
39 7
43 2
36.7
40 8
40. 1
36.0
38.0
38 0
36.9
38.1
40.2
39 5
43 3
36.2
40 9
40.5
36. 3
37.1
37 2
35.6
38.5
40.8
40 4
43 4
38.0
41 0
40.3
37.3
37. 3
37 1
36. 1
38 9
41.4
41 0
44 6
38 6
41 4
41 1
38.3
37 8
37 6
36 9
39.0
41.5
41 7
44 6
39.4
41. 1
41.5
37.9
37.8
37.8
36.6
39.2
41.2
40 9
43.2
40.5
40.8
40.6
38. 5
38.5
38 4
37.6
39.3
41.5
41 2
43.6
40.8
41.0
40.6
39.4
38.6
38.7
37.5
39.2
40.9
41 5
43.5
38.4
40.7
40.4
40.1
39.2
39 5
38.3
39.5
' 41. 3
^42 8
'42. 4
^36.6
r
40.6
39.9
36.9
30.9
r
4
0 3
r
38. 5
39.7
41.4
42 8
42.9
38.2
40.9
39.5
38.2
40.2
40 5
38.4
T
39. 3
MO. 8
p 39. 5
p40. 4
'37.7
'39.6
P37.0
*>40. 1
34.8
34.9
36.1
36.0
36.2
35.6
34.3
32.9
34.9
32.9
35.0
34.0
35.2
35.5
36.2
35.0
35.9
35.4
35.7
32.9
r
36.1
33.8
36.4
36.1
' 36. 0
»36.7
34 4
34.5
41.9
43 4
35.9
35.7
41.9
43 3
36. 1
35.9
42. 1
43 4
34 6
33 8
41.6
4° 8
34 8
34.8
42.1
43 2
35 4
33 7
42. 4
43 6
35.5
34.1
42.4
43 g
36 9
35.2
42.6
43 6
36 7
34.1
42.5
43 6
36 8
33.6
42.7
43 7
' 36 5
34 9
42.8
43 8
36 2
35 8
42.7
43 q
'42.3
v 42.4
38.4
35.6
39.9
41.1
40.5
40.5
40.5
38.7
37.5
37.6
37.4
38.2
35.6
39.3
41.1
40.4
40.3
40.2
38.9
37.4
38.0
37.9
38.6
35.7
39.8
41.1
40.2
40.2
40.2
38.5
36.6
37.7
37.3
38.1
35.9
39 3
41. 1
40.3
40.3
40 2
38.7
37 9
35.6
34 9
38.2
36.1
39. 1
40.9
40.5
41.2
41.0
39.7
39 4
35.4
34 5
38.3
36.1
39 0
41.2
41 0
41.4
41 0
40.2
40 2
36.7
35 9
38.3
35.8
39.5
40.9
40. 5
41. 1
40.8
39.4
38.5
37.5
37.2
38.5
35.6
39.4
40.9
40.5
41.0
40.7
39.1
37.4
37.4
36 9
38.6
36.0
39.4
41.2
40.9
41.2
40 6
39.3
38 3
36.2
35 1
38.4
36.0
39.4
41.2
40.6
40.6
40.4
40.4
39 3
35.7
34 3
38.5
36.0
' 38. 2
*>38. 4
41 3
40 9
40 9
r 40 8
'41 1
r 40 4
T
37 0
r 35 g
'41.0
*41.1
r
39.0
36.8
40 3
41.3
41 0
40.5
40 5
41 8
41 7
37 8
37 1
'41.6
j>40 8
43.6
28.6
33 2
41.7
29.7
32 0
40.5
25.6
29 7
39 8
26 2
28 9
40 0
25.4
30 9
40 7
36 3
33 2
40.4
29.2
30.4
40 9
33.0
33 1
40 4
23 6
32 6
40 2
34.1
35 3
r 40 7
33 7
r 35 g
41 7
39 6
37 4
40.7
41.0
34 3
36.0
33.9
40.3
42.9
36 7
39.8
36.0
40.2
42.9
37,0
39.7
36.4
40 2
43.4
37 0
39.3
36.5
41 3
44.5
37 5
40.6
36.7
40 1
44 9
38 1
41 8
37.1
40.6
45.2
38. 1
42.3
36.9
41 4
45. 1
38 0
42.0
37.0
40 8
44 7
36 8
39 9
36.0
40 2
44.9
37 4
40 4
36.6
r 40 2
r 44 4
r 40 3
r 35 8
40
43
36
38
35
2
7
4
3
9
44.4
38.2
40.9
41.3
43.4
38.0
41 4
41.1
43.2
38.2
41.2
41.0
43 1
38.2
42 1
41.0
43 3
38.5
42 1
41.0
43 7
38.7
41 7
41.2
42.9
39.2
41.7
41.5
43 0
38.9
41 8
41.3
42
40
41
41
42 8
39.8
42 1
42 0
r 42
39
41
r 41
43
39
41
41
3
5
4
4
7
0
9
7
r
r
39 5
r
r 36 7
5
7
5
4
'41.3
*>40 7
'38.0
?38 5
40.2
40.2
40.2
40.2
40.4
40.4
40.4
40.4
40 4
40.5
r 40 4
40 7
39.0
34.9
38.3
44.2
39.1
35 0
38.2
44.4
39.1
35 2
38.3
44.4
39. 1
35 5
38.3
44.5
38.9
34 7
38.1
44.3
39.3
35 3
38.8
44.4
39.8
36.2
39.6
44.4
39.7
36 0
39.3
44.3
39
35
38
44
2
2
7
2
38.9
34 9
38.0
44.2
r 38 7
r 34 Q
38 1
r 44 2
39
36
38
44
41.8
39.7
38.2
42.0
39.8
38.6
41.9
39.6
39.2
41 7
40.4
42 0
41.8
40.3
40.1
41.9
40.5
41.0
41.7
40.0
38.8
41.8
39.4
38 2
41 9
40 1
39 7
41 7
40.5
40 1
r 42 0
40 0
r 39 3
42 0
40 3
39 Q
225
300
130
350
180
350
180
375
230
350
140
350
130
300
170
225
70
125
30
225
50
400
140
275
Industrial disputes (strikes and lock-outs):
Beginning in month:
'209
Work stoppages . _ _ _
number
200
'71
Workers involved
thousands..
50
In effect during month:
'342
350
Work stoppages.. _ number
T
127
Workers involved
thousands
100
Man-davs idle during month
do
750
1,000
Percent of available working time- _ . ._
_ __
.09
.12
U. S. Employment Service placement activities:
Nonagricultural placements
thousands
333
353
Unemployment compensation, State laws (Bureau of
E m ploy men t Security) :
1,340
1,749
In itial claimst
thousands. _
2,170
2,034
Insured unemployment, weekly average*
do
Benefit payments:
1,864
Beneficiaries, weekly average.-- .. ... ... do
1,592
Amount of payments
thous. of dol.
158, 418 179,284
Veterans' unemployment allowances: d*
35
Initial claims
thousands
39
78
64
Insured unemployment, weekly average
do
89
Beneficiaries, weekly average
do
69
8,085
Amount of payments .
_ ... _ thous. of dol 6,599
Labor turnover in manufacturing establishments:
Accession rate
monthly rate per 100 employees. .
2.5
2.8
Separation rate, total
.
, . . .
do
3.5
4.3
.2
.2
Discharge
..do
2.2
Lav-off. do
2.8
Quit _. . .
.
. _ do, ..
1.0
1. 1
.2
Military and miscellaneous
... __ . do
.3
r
Revised.
Preliminary.
9 See corresponding note on p. S-ll.
too
575
370
5
8
5
4
1,300
. 14
1 200
. 13
1 750
2 200
3, 750
3 600
2 400
1 800
1 200
14
500
05
325
80
400
.05
391
428
439
470
439
478
520
487
426
393
397
1,392
2, 175
1,442
2,181
1,227
2,070
1,272
1,924
1,335
1,862
1,157
1,692
1,123
1,580
1,100
1,466
1,194
1,463
1,450
1,666
1,490
1,962
1, 953
215,6.50
1,894
200, 837
1,850
185, 601
1 818
190, 959
1,597
167, 980
1,523
162, 653
1 414
153. 737
1 299
135, 299
1 223
132,' 089
1 365
153, 050
1 668
170, 575
38
87
103
30
82
101
29
77
94
38
79
97
34
82
97
1 0, 840
10, 153
8,975
9 755
9,894
36
85
100
10, 238
28
75
92
9 444
28
65
75
7 377
34
68
73
44
92
105
7 520
41
79
87
9 381
10 201
2.8
3,7
.2
2,3
1,0
2
2.4
3.8
.2
2.4
1.1
.2
2.7
3,3
.2
1.9
1.0
.2
3.5
2.9
3.1
,2
1.6
1.1
.2
3.3
3.4
3.6
39
33
3.3
' 2.5
30
375
150
450
200
500
230
.21
550
280
.24
31
.2
17
1. 1
.2
.43
550
300
.39
35
.2
17
1.4
.3
550
280
27
500
280
.21
0
2
17
18
16
.3
12
2
16
1 7
10
.1
9
*3.5
p 30
v 2
p16
P 10
.2
'.3
3o
2
1-1,882
nemployment
.
. .
,
.
. .
ve been substituted for the series on number of continued claims filed. The insured unemployment series is derived by adjusting the number of weeks of unemployment for the lag between the week of
unemployment and the time the claim is filed, so that the adjusted series refers to the week in which unemployment actually occurred. The monthly figures are averages of weekly data adjusted for split weeks in the month on the basis of a 5-day week. Weekly averages for 1952 appear in the February 1954 SURVEY.
cf Beginning with the February 1954 SURVEY, data for veterans' unemployment allowances cover only unemployment compensation benefits under the Veterans Readjustment Assistance
Act of 1952. The figures for initial claims exclude transitional claims; the insured unemployment figures exclude claims from veterans which were filed to supplement benefits under State or
railroad unemployment-insurance programs to eliminate duplicate counts in the State data shown above; the number of beneficiaries and the amount of payments include all veterans whether
or not the payments supplement benefits under either State or railroad insurance programs.
SURVEY OF CURRENT BUSINESS
S-14
March 19.",5
1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
EMPLOYMENT AND POPULATION—Continued
WAGES
Average weekly gross earnings (U. S. Department of
Labor) : 9
All manufacturing industries
_ dollars
Durable goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars ._
Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown do
Primary metal industries
- - doBlast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, and trans, equip )
dollars
Heating apparatus (except electrical) and
plumbers' supplies
dollars
Machinery (except electrical) .
do Electrical machinery
do
Transportation equipment
_
Automobiles
Aircraft and parts
Shin and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg industries
Nondurable-goods industries
Food and kindred products
Meat products ...
Dairy products
Canning and preserving
Bakery products
Beverages
__
__ _
70 71
76 00
79 19
70.20
75 43
78 21
71 13
76 21
78 80
71.68
76 40
79.40
70 92
75 83
79 80
71.06
76.59
80. 20
71.86
77.39
80.60
72.22
77.97
81.41
73.57
79.15
"81.81
74.30
80.15
82.21
p 73. 97
* 80. 16
-•81.20
P 74. 93
p 80. 75
p 82. 42
62.65
62 72
61.78
69.48
68.64
81.74
63.76
63 92
62.16
70.70
70.09
79.52
64.40
64 96
62. 56
70.30
70.49
78.28
65. 93
65 77
61 00
70.18
68.94
77.90
67. 03
67 23
60 53
71.10
69.81
79.49
68.71
68 80
62. 17
70.70
69.45
80.70
63.24
64 64
62 02
71.33
69 50
80.81
65. 57
67.10
63.74
72.04
70.77
80.64
67.47
70.06
64.46
72.85
71.53
82.39
70.14
70 81
65. 10
73.34
72.25
82.64
r
r
68. 64
68 89
'r 64. 62
74. 39
* 72. 91
r
84. 53
66.67
66. 26
65.57
73.80
72.31
86.03
r
84 45
'87 30
89.27
p 67. 73
p 66. 56
p 72. 72
r
86. 65
p 87. 94
84.80
81.27
79 12
79 39
81 22
83 22
84 00
82.43
83.40
79.98
78 20
78 41
78 40
79.39
79 60
79.60
79.39
80 40
r
80. 60
81.00
78.53
r
79. 71
80.90
' 80. 34
T 80. 34
75. 79
77. 16
83.44
74.52
r
r
83. 44
74. 56
p 84. 4&
P 74. 74
93.08
99.67
87.77
82.68
88.88
75. 33
65.93
"91.98
P 93. 06
r
r
p 74. 40
p 66. 58
r
66. 02 p 66. 36
' 70. 58 p 69. 89
77.33
76.92
75.60
76.95
77.74
70. 66
81.00
70.56
73 28
81.61
71.50
74.59
81.41
72.07
72 34
80.60
71.53
75.14
80.80
72.04
75.20
81.81
72.98
76.92
81.61
73.93
84.21
84.93
84.46
81.95
81.93
72.76
64.00
84.82
87.26
83.43
80.70
80.08
72.07
62.72
85. 67
88.34
83 84
80.94
80 85
72.07
63.43
84.59
85.28
84. 86
80.55
81. 45
72.83
63.36
84.38
85.06
84 66
80.11
80 60
72.29
62.79
85.63
88.00
85.27
81.12
81.79
72.29
63.84
86.00
89.15
85.68
78.83
78.02
73.82
64.40
87. 26
90.54
85.47
80.85
82.51
74.19
65.21
64.02
67.64
73.05
69.71
54.38
66.42
76.80
64.02
67.87
73.05
69.12
53. 95
66. 50
77.79
62.87
67.54
72.68
68. 85
52. 85
67 08
78.57
63.91
68.54
74.74
69.01
54. 72
67 65
78. 18
64.57
69.55
75.85
71.36
53. 27
68.31
80.56
64.74
69.72
77.98
71.81
54.77
68 64
82. 17
64.68
67.57
76.07
69. 55
55.89
68.14
78. 76
65. 24
68.48
77.87
71.07
56. 30
68.88
79.17
65.07
68. 30
78.02
70.47
52.99
68.38
78.78
65. 97
' 70. 62
' 83. 03
' 68. 26
68 21
79 00
66. 30
70.79
81.75
69. 50
55.39
69.12
78.21
45.97
50. 86
49. 13
47. 65
46. 31
52. 06
50.03
48.84
47. 52
51.68
50.16
48, 71
49.01
50.46
48. 73
46. 99
49.98
51. 10
48.97
47.65
51.71
51.41
49.63
48.34
51.54
51.41
49.52
47. 58
49.67
52. 36
50. 69
48.88
48.86
52.50
51.08
49.13
49.72
53.31
52. 14
50. 17
47. 60
54. 66
' 53. 20
r 50 82
49.66
55.07
53.46
50.30
r
r
50 52
54. 25
p 49 58
p 54 94
47.68
55.84
49.46
57.96
49. 59
57.32
45 62
52.64
46.07
52.97
46. 55
55.08
47.17
56.80
48. 87
57.05
48. 82
57.35
47.84
53.63
48.37
55. 09
49.14
58. 4S
r
r
48. 60
p 49. 55
39.56
52.44
72.07
78. 55
41.29
54.62
72.07
78.37
41. 15
54.93
72.83
78.99
39.10
49.01
71. 55
77.47
39.67
49. 76
72.83
78.19
40.00
48.53
74.20
79.79
39.76
50.81
74.62
81.47
41.70
53.15
74.98
81.10
41.84
52.17
75. 23
81. 97
41.58
50. 40
76.01
82. 16
r
Ml. 61
51 65
76. 18
81.91
40. 91
53. 34
76. 01
82.53
-- ~2
p 75 90
rr 88. 55
94. 32
>• 86. 90
79.71
' 84. 66
89.70
97.15
88. 66
79.71
84. 40
r
88. 24
p 89. 09
r
79 13
p 80. 15
»• 93. 66
92.34
95. 99
85.69
99. 25
52. 54
49. 34
T
93 89
p 93 02
r
84 25
p 82 21
T
5'? 44
p 53 13
76.33
73.10
82.60
72.22
73.10
82.20
71.28
do
do
do
do
do
- do _do
85.86
89.79
83.23
78.66
82.32
72.22
63.43
84.82
85.72
85.28
81.12
82.95
73.12
64.16
_ do do
do _ _
do
do
do
do
63. 53
68. 71.
76.78
69.39
55.04
66.10
75.06
do
do _ do
do
do
do
66. 50
rf 63. 99
73. 31
84.90
71.80
82.40
70.74
Anthracite
do
Bituminous coal
_ _
_
do
Crude-petroleum and natural -gas production:
Petroleum
and
natural-gas production
dollars
Nonmetallic mining and quarrying.
do
Contract constructiondo
Nonbuilding construction
_ _ . do
Building construction _ _ _
_
do
Transportation and public utilities:
Local railways and bus linesj
do
Telephone
_
do
Telegraph
do
Gas and electric utilities.
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places). ._ _
-. dollars
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers^
do ._.
Finance, insurance, and real estate:
Banks and trust companies
do
Service and miscellaneous:
Hotels, vear-round
..
do __
Laundries
do
Cleaning and dyeing plants
do
T
Revised.
v Preliminary.
9 See corresponding note on p. S-ll.
^Revised series. See note marked "}" at bottom of p.
71.28
76 38
78 40
76.92
Tobacco manufactures
do
Textile-mill products
._
do __
Broad -woven fabric mills
do
TCnitting 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
Petroleum refining
Rubber products
Tires and inner tubes
Leather and leather products
Footwear (except rubber)
Nonm ami factoring industriesMining:
70.92
76 59
77.60
75. 95
75.39
r 82. 01
' 74. 89
r 90. 91
' 96. 53
' 87. 34
r 80. 22
r 86 98
74. 56
' 65. 21
r 51.61
r
86.02
90.07
85. 79
76.86
81.41
85. 95
90.42
84. 50
76. 86
81.20
86. 85
90.68
85. 57
76.86
81.20
86.11
92.26
84. 50
77.27
82. 62
86. 71
93. 86
84. 46
77.71
82.62
86. 94
93. 50
85. 02
79.10
84.05
86.94
92.01
85.72
79.35
84.24
87. 40
91.85
85.10
78.94
83.43
88.39
94.68
85.89
79.52
85. 07
87.94
94.32
8(1 29
78.69
83. 64
91.53
95. 58
75. 08
82.88
51.89
49.37
90.68
94.47
75.47
83.03
52.44
50.41
90.45
94.47
74.31
80.89
52.40
49.98
91.08
94.87
75. 08
84.14
49.13
46.42
93. 52
97.17
77.81
88. 65
49.21
45.89
93. 98
97.17
79.60
92.06
51. 01
47.75
94.53
97. 51
76. 83
87.01
51. 38
48.73
93.07
96.05
76. 25
85. 65
51.24
48.71
95.58
97.85
77.81
86.18
49. 96
46.68
92.57
95.75
81.20
90.39
49.62
45.62
92.00
70.93
82.34
85.49
74.84
79.04
82.62
63.74
73. 06
81. 19
64.45
71.67
82.00
62.74
76.32
83.84
96.20
83.00
83. 63
73.58
75.39
83.85
82.50
82.09
84 03
56. 88
81.17
83. 62
86. 27
87.54
r
92.80
70.93
87.12
83.88
87.46
91.08
73.79
92.85
91.14
93.24
90.45
74.22
93.24
90.12
94.28
90.45
75.08
92.87
89. 60
94.17
94.58
77.88
94. 50
93.79
94.69
90.63
78. 58
95.63
96.14
95.72
92.57
80. 46
95.63
97.29
95.20
93.98
79.83
95.38
97.44
96.20
93.02
79.57
93.84
92.97
94.32
90.85
79. 92
95.74
94. 13
96. 26
' 90. 85
«• 78. 59
* 94. 32
* 94. 30
78.59
65. 70
72.80
81.77
77. 25
65.74
73. 69
80.97
77.33
65. 7(1
73. 75
80.77
77.58
66.09
75.78
80.77
77.94
67.38
75.78
81.59
79.10
67.34
77.15
82.40
78.51
68.60
77.15
83.83
78.26
67.69
77.33
83.43
78.14
71.60
77.93
85.49
78.32
72.04
78.31
86. 94
r
72.76
72.36
72. 76
73.16
73.93
73.93
74.34
74.34
74.74
74.93
r
55.77
40.14
59.75
71.60
55. 91
39.90
59. 59
72.82
55.91
40.13
59.75
73.26
55. 91
39.76
59. 75
74. 76
56.41
39.91
59. 82
75.75
57.38
41.30
60.92
76.37
58.51
42. 35
62. 57
76. 37
58. 36
41.76
62. 09
75. 75
57.62
40.83
61.53
74.70
57.18
40.48
60. 80
75.14
56.51
56.79
56.47
56. 76
57.19
57.09
57.66
57. 75
57.71
58.02
T
58. 11
58. 35
39.71
39.70
45. 08
39.90
39.80
45.55
39.81
39.60
46.26
39.62
40. 80
50.40
40.13
40.30
47.32
39.81
40.50
49. 20i
40.03
40.00
45.78
40.13
39.40
45. 46
40. 64
40 50
47.24
40.87
40 50
47.72
r
r
41. 16
40 40
' 46. 77
41. 16
40 70
47.52
S-13.
r 97. 10
' 83. 02
r 94. 54
r 51. 06
' 47. 39
87.57
85. 06
100. 58
85. 26
' 88. 29 92. 75
'94.15
90. 45
76. 91
93. 91
88. 86
94.78
72. 65
76. 78
85. 28
77. 78
79. 07
71.10
77. 00
85. 28
74. 74
75. 70
'r 56. 50
40. 14
61.34
r 74. 70
56. 4P
40. 85
61. 22
75. 92
r
T
74. 77
66. 09
SURVEY OF CURRENT BUSINESS
March 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-15
1954
January
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
of Labor): 9
All manufacturing industries
_
dollars__
Durable-goods industries
- do
Ordnance and accessories
__
do
Lumber and wood products (except furniture) .._
dollars. .
Sawmills and planing mills
. do ._
Furniture and
fixtures
do
Stone clay and glass products
do
Glass and glassware, pressed or blown
do _ _
Primary metal industries
_
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of 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
1.80
1.91
1.94
1.80
1 90
1.96
1.79
1.90
1.97
1.80
1 90
1.97
1.81
1.91
1.97
1.81
1.91
1.98
1.80
1.91
1.99
1.79
1.91
2.00
1 81
1 93
2 01
1 81
1 93
2 01
.59
.60
.56
.75
.76
2.08
1.59
1.59
1.55
1.75
1.77
2.06
1.61
1.60
1 56
1.74
1.78
2.06
1.64
1.62
1 56
1.75
1.80
2.05
1.68
1.66
1 56
1.76
1.79
2.07
1.68
1.67
1. 57
1.75
1.79
2.08
1.55
1.55
1.57
1.77
1.81
2.11
1.58
1.59
1.57
1.77
1.81
2.10
1.67
1 68
1 58
1 79
1.82
2 14
1.69
1 69
1 58
1 78
1 82
2 13
2.18
2.15
2 15
2 14
2 16
2.19
2.24
2.21
2.27
2 24
2 25
9 9fi
2.00
1.97
1.96
1.97
1.96
1.97
2.00
1.98
2.02
2.01
r 2 00
2 oo
1.89
1.88
1.88
1.88
1.90
1.89
1.89
1.90
1.91
1.92
1.93
1.86
2.00
1.80
1.86
2.00
1.81
1.86
2.00
1.80
1.84
2.00
1.80
1.86
2.01
1.81
1.86
2.01
1.82
1.85
2.01
1.82
1.86
2.01
1.81
1.88
2.03
1.82
1.89
2.03
1 83
1 89
2 03
do
do
do
do
do
do
do_
2.12
2.19
2.05
2 07
2.10
1.81
1.61
2.11
2.17
2.07
2 08
2.10
1.81
1.60
2.10
2.15
2 06
2 08
2.09
1.81
1.60
2.11
2.16
2 06
2 08
2.08
1.82
1.60
2.11
2.16
2.06
2 07
2.10
1.82
1.61
2.12
2.17
2.08
2 06
2.11
1.83
1.60
2.12
2.17
2.08
2 07
2.11
1.83
1.61
2.13
2.20
2.09
2 08
2.13
1.83
1.60
2.15
2.24
2.10
2.08
2.12
1.85
1.61
2, 16
2.23
2.10
2.10
2.16
1.85
1.61
do
do
do
do
do
do
do
1.65
1.68
1.85
1.61
1.46
1.62
1.91
1.65
1.67
1.84
1.61
1.45
1.62
1.92
1.65
1.68
1.84
1.60
1.47
1.63
1.94
1.65
1.68
1.84
1.59
1.46
1.64
1.94
1.66
1.68
1.85
1.59
1.44
1.65
1.94
1.66
1.68
1.85
1.60
1.38
1.65
1.96
1.66
1.68
1.87
1.61
1.39
1.67
1.98
.65
.64
.86
.61
.38
.67
.94
1.66
1.65
1.89
1.63
1.38
1.68
1.95
1.66
1.67
1.88
1.62
1.38
1.68
1.95
1 71
1 94
1 61
'r 1 41
1 68
1 98
1 71
1 91
1 62
1 45
1 69
1 98
Tobacco manufactures
do
Textile-mill products
- do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars.Men's and boys' suits and coats .
do
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
_ do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries-do
Newspapers
do
Commercial printing,
do_
Chemicals and allied products _
_ do
Industrial organic chemicals
do
1.27
1.36
1.31
1.32
1.29
1.37
1.32
1.32
1.32
1.36
1.32
1.32
1.35
1.36
1.31
1.32
1.34
1.37
1.32
1.32
1.35
1.36
1.32
1.31
1.36
1.36
1.31
1.30
1.29
1.36
1.32
1.30
1.24
1.36
1.32
1.31
1.24
1.36
1.32
1.31
1.29
1.37
1.32
1.32
1.37
1.60
1.37
1.61
1.37
1.61
1.33
1.60
1.32
1.61
1.33
1.62
1.34
1.60
1.35
1.63
1.36
1.62
1.34
1.63
1.15
1.52
1.72
1.81
2.24
2.53
2.15
1.87
2.01
1.15
1.53
1.72
1.81
2.25
2.54
2.15
1.87
2.01
1.14
1.53
1.73
1.82
2.25
2.54
2.15
1.87
2.02
1.13
1.45
1.72
1.81
2.26
2.57
2.15
1.88
2.05
1.14
1.43
1.73
1.81
2. 27
2^60
2.16
1.90
2.04
1.13
1.44
1.75
1.83
2.27
2.59
2.18
1.92
2.05
1.12
1.49
1.76
1.86
2.27
2.57
2.17
1.94
2.08
1.13
1.51
1.76
1.86
2.27
2.58
2.16
1.93
2.06
1.14
1.53
1.77
1.88
2.29
2.63
2.18
1.93
2.08
1.13
1.50
1.78
1.88
2.29
2.62
2.19
1.91
2.06
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 prod^ _ dollars
Nonmetallic mining and quarrying
do
Contract construction.
______
. _ do __
Nonbuilding construction
__
do __
Building construction
do
Transportation and public utilities:
Local railways and bus lines $
do
Telephone
_
_ _ d o __
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places)
dollars ._
General-merchandise stores
do _
Food and liquor stores
_
do
Automotive and accessories dealers
_do _ _
Service and miscellaneous:
Hotels, vear-round
.
_
-do _ _
Laundries
do
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr
Skilled labor
do
Farm wage rates, without board or room (quarterly)
dol. per hr
Railway wages (average, class I)
do
Road-building wages common labor
do
2.26
2.36
1.94
2.21
1.38
1.32
2.25
2.35
1.94
2.22
1.38
1.33
2.25
2.35
1.93
2.21
1.39
1.34
2.26
2.36
1.94
2.22
1.38
1.33
2.27
2.37
1.96
2.25
1.39
1.33
2.27
2.37
1.98
2.29
1.39
1.33
2.30
2.39
1.95
2.26
1.37
1.31
2.27
2.36
1.95
2.29
1.37
1.32
2.32
2.41
1.98
2.25
1.38
1.33
2.28
2.37
2.01
2.30
1.39
1.33
2.11
2.48
2.48
2.05
2.52
2.47
2.04
2.49
2.46
2.04
2.46
2.48
2.05
2.47
2.47
2.06
2.65
2.50
2 07
2.52
2.48
2. 05
2.50
2.48
2.08
2.41
2.49
2.08
2.53
2.48
r
2 09
'2.53
2.48
2 10
2 54
2.48
2.28
1.73
2.54
2.33
2.58
2.26
1.72
2.53
2.29
2.59
2.25
1.73
2.52
2.27
2.59
2.25
1.73
2.51
2.28
2.58
2.29
1.75
2.52
2.31
2.58
2.26
1.75
2.51
2.30
2.58
2.28
1.78
2.51
2.30
2.58
2.27
1.77
2.51
2.32
2.60
2.28
1.78
2.55
2.33
2.62
2.26
1.78
2.56
2.33
2.63
2.26
1 77
'T 2.57
2.34
r
2 63
2.25
1 76
2 58
2 32
2 64
1.77
1.72
1.78
1.98
1.78
1.73
1.78
1.97
1.79
1.72
1.79
1.97
1.80
1.73
1.80
1.97
1.80
1.75
1.80
1.99
1.81
1.74
1.85
2.00
1.83
1.75
1.85
2.02
1.82
1.74
1.85
2 02
1.83
1.79
1.86
2.05
1.83
1.81
1.86
2.07
1.81
1.80
1.81
1.82
1.83
1.83
1.84
1.84
1.85
1.85
1 85
1 86
1.43
1.15
1.56
1.62
1.43
1.14
1.56
1.64
1.43
1.14
1.56
1.65
1.43
1.12
1.56
1.68
1.45
1.15
1.57
1.71
1.46
1.17
1.57
1.72
1.47
1.17
1.58
1.72
1.47
1.16
1.58
1.71
1.47
1.16
1.59
1.69
1.47
1.16
1.60
1.70
1 46
* 1.16
1 61
1 43
1 11
1 59
1 71
.95
1.00
1.18
.95
.1.00
1.18
.95
1.00
1.18
.95
1.01
1.20
.96
1.00
1.18
95
1.00
1.20
.96
1.00
1.18
.96
1.00
1.19
.97
1.01
1.19
.98
1.00
1.19
98
98
r I 01
r I 19
1 01
1 20
1. 945
3.095
1.944
3.100
1.947
3.100
1.964
3.112
1.979
3.133
1.997
3.147
2.009
3.148
2.016
3.169
2 019
3.180
2.022
3.184
2.022
3.186
1.961
1.902
.84
1.913
1.46
1.939
1.916
.87
1.932
1.51
1.919
1. 937
.75
1.944
1.58
1.942
1.928
Transportation equipment
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg industries
Nondurable-goods industries
Food and kindred products
Meat products
Dairy produces
Canning and preserving
Bakery products
Beverages
' Revised.
v Preliminary.
skilled labor, $3.190.
-
1.944
3.095
.90
1.943
1 61
r
9 See corresponding note on p. S-ll.
{ Revised series. See note marked "{" at bottom of p. S-13.
1 83
1 94
2 01
1 83
1 95
2 02
v 1 84
P 1 96
2 03
P 1 85
P i 9^
P 2 04
1.67
1 66
1 58
1 81
1 86
2 14
1.63
1 62
1 58
1 80
1 84
2 14
'1.63
P 1.64
v 1 58
* 1 81
p -i an
2 15
P 2 15
1.94
pl.95
pl.95
1 91
2 04
1 04
P2.04
r
1 85
P 2 05
P 1 85
1Q
'2. 19
P2.20
pr 1.86
1.64
p 1 86
p 1.64
pl.68
pl.73
p 1 68
p 1 73
1.30
1.37
1 32
1.31
v 1.34
p 1.37
p 1 34
p 1 37
1.34
1.63
1.35
1 62
p 1. 35
pl.35
1.14
1 48
1.78
1 87
'2.30
r
2 62
' 2 20
1 93
2 07
1 13
1 49
1 78
1 88
2.30
2 64
2 20
1 93
2 06
'1.79
p 1 79
'2.31
P2.32
' 1.93
p 1 95
r
r
f 1 84
2 jc
r 9 OP;
1o
1 R^
1 a-t
2
I 67
r
r
2
2
2
2
1
1
1
1
1
2
29
38
02
34
38
32
83
83
85
06
r I gg
2
2
9R
2
f)(\
1 fi9
1 67
2
2
2
o
1
1
1
1
1
2
28
37
05
38
39
33
P
r
2. 29
•p 1
gQ,
p 2 28
'2.04
P 2 02
"1.38
P 1 38
2 022
3. 188
2 022
3.188
84
80
86
06
88
§ Rates as of Mar. 1, 1955: Common labor, $2.021;
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March
1955
1954
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper ©
do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
mil of dol
Farm mortgage loans total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives
- do - _
Other loans and discounts
do
Bank debits total (345 centers) t
New York City
6 other centerscf
-
...
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
545
716
580
735
360
619
356
647
2,271
1,228
1,212
16
350
693
335
734
154, 2S1
62, 306
30, 806
141,926
56,115
29, 341
171, 354
67, 913
36, 666
154, 759
60, 479
33,152
50, 509
25, 437
156
24, 639
21, 274
50, 692
25, 688
350
24, 509
21, 270
50, 704
25,316
147
24, 632
21, 278
50, 089
25, 382
172
24, 632
21,283
586
635
623
694
616
641
589
679
312
772
2,368
1,257
1,242
15
304
808
589
747
319
822
149, 812 r 163, 501 r 154, 848
61, 155
64, 965
59, 535
31,159
31, 556
33, 785
50, 494
25, 781
245
24,812
21, 293
50, 759
25. 642
37
25, 037
21, 239
563
794
49, 746
25, 183
184
24, 325
21, 220
r
609
803
687
762
2, 381
1,275'
1 261
141
325
369
339
814
703
767
i
151, 504 * 149, 898 '152,322
58, 316
58, 792
56, 744
31, 526
30, 922
30, 706
49, 174
24, 696
200
24, 023
21,117
49, 778
25, 183
132
24, 271
21, 129
50, 035
25, 401
297
24, 381
21, 079
768
769
873
733
869
713
377
658
2, 305
1,293
1,281
13
364
648
368'
662,
156, 843
58, 787
32, 230
186, 317
73,817
38, 217
163, 382
62, 642
33, 531
50, 863
25, 944
398
24, 888
21, 030
50, 872
25, 885
143
24, 932
21,033
49, 626
24, 960
475
23, 885
21,038
49, 442
24 769
485
23, 605
21 032
50, 872
20, 371
18, 876
258
26, 253
45.1
49, 626
20, 138
18,918
r
581
25, 640
46.0
49 442
19 879
18 562
v 397
95 609
46 2
58, 445
57, 639
60,117
3,939
2,597
20, 169
58.317
4,232
2,320
20, 198
18, 806
1,1&
14, 273
45, 526
18,864
1,126
13, 651
44, 783
36,902
2,543
2,768
23, 391
8,2(X
8,624
41, 008
22, 486
2,688
35, 799
2,065
2,551
23, 102
8,081
8,984
40, 576
22, 054
2,582
1,113
7,176
8, 205
1,056
7,279
8,311
3. 55
3.30
3.55
3.90
1.5(
1.90
4.17
1.50
1.79
4.17
l.?5
1.31
3.00
2.88
1.33
1.47
3.00
2.88
1 38
1 68
3 00
2 88
1.174
1.9^
1.257
2.11
1 177
o j_g
15,475
* 2, 137
15, 558
P 2, 115
1 ^ fif)4
30, 125
22, 467
10, 396
5,668
1,616
4,787
29,684
22, 436
10, 459
5,609
1,574
4,794
18, 935
8 63;
6 421
1,293
2 588
3,532
1 201
890
394
1,047
18 977
8 651
6 462
1 282
2 582
3 459
1 158
862
397
1,042
50, 509
50, 863
49, 746
50, 692
49, 174
50, 494
50, 089
50, 759
50, 704
49, 778
50, 035
Liabilities, total
do
20, 457
20, 454
20, 688
21,143
20, 898
20, 934
19, 805
20, 808
20, 773
20, 264
20, 373
Deposits, total
-do
18, 985
19,412
19, 384
18, 702
19,011
19, 528
19, 194
18, 316
18, 676
19, 563
18, 722
Member-bank reserve balances
do
518
939
368
672
744
952
599
684
505
591
471
Excess reserves (estimated)-.. - do_25, 885
26, 081
25, 567
25, 566
25, 544
25, 472
25, 757
25, 588
25, 487
25, 601
25. 706
Federal Reserve notes in circulation
do
45.2
46.1
45.7
46.5
45.9
45.8
45.6
45.6
46.0
45.7
46.4
Reserve ratio
percent
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month :t
Deposits:
56, 414
54, 949
51,812
54, 066
53, 319
55, 588
53, 930
54, 108
53, 913
55, 472
55, 043
Demand adjusted
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporations
57, 876
55, 360
54, 746
54,715
52, 824
55, 831
54, 597
54, 488
54, 791
57, 256
55, 884
mil. of doL.
3,956
4,033
4,09;
4,329
4,232
3,939
4,418
4,308
3,908
3,756
3,865
States and political subdivisions _ _ _ do
2,091
2 275
4,223
4,085
2,982
2,671
2,424
3,793
3,247
2,605
3,838
United States Government. .-. _
do
19, 941
19, 808
19, 637
19, 124
18, 917
19, 050
18, 779
19, 887
19, 359
20, 122
19, 915
Time except interbank, total
- _ -do
Individuals, partnerships, and corporations
mil. of dol. _ 17, 619 17,734 17, 771 17, 854 18, 041 18, 304 18, 337 18, 433 18, 520 18, 699 18, 555
1,285
970
1,183
1,146
1,129
1,078
994
1,087
1,195
1,257
1,220
States and political subdivisions
do. _.
12, 948
12, 794
12, 983
14, 113
13, 406
13, 870
13,040
13,017
13, 772
13, 791
14, 301
Interbank (demand and time) .__
- do._ _
40, 697
42, 492
45, 669
41, 945
41,300
40, 177
40, 133
38, 738
44, 237
44, 194
46, 088
Investments, total
..do
U. S. Government obligations, direct and guaran32, 989
32, 292
32, 160
34, 221
33, 724
33, 196
30. 850
37, 106
35, 862
37, 358
35, 696
teed, total
mil. of doL.
2.517
2,084
3,045
2,619
2,987
2,378
2,428
2,076
3,135
2,868
2,500
Bills
_
do
4,764
2.684
4,097
2,754
2,777
3,045
2,737
2,240
2,559
2,369
2, 504
Certificates
do
18, 952
21, 502
21.598
21,313
21, 388
23, 936
21, 742
21, 654
23, 515
23, 801
23, 654
Bonds and guaranteed obligations
do
6,756
4, 530
6,680
6,674
6, 582
4,798
4,649
8, 552
6, 653
8,688
6,670
Notes
_
do
7,708
8,221
8,017
8,271
7,841
7,888
8,104
8,563
8, 375
8,498
8,730
Other securities
-- .- - -.do _.
39, 422
38, 722
39, 076
38, 254
38, 324
38, 441
38, 950
40, 114
38, 844
37, 967
38, 495
Loans (adjusted), totalO
- - - do....
22, 638
22, 407
21, 599
21, 524
21,884
22, 763
22, 214
22,183
20, 798
21. 104
21,015
Commercial, industrial, and agricultural
do
2,180
2, 005
1,907
2,379
2, 141
1,744
1, 758
2,367
2,466
2,228
2,403
To brokers and dealers in secur ties...
do. _ _
Other loans for purchasing or carrying securities
826
875
849
811
899
915
847
904
941
1,037
991
mil. of dol__
6, 48(
6,592
6, 553
6,478
6, 522
6,718
6,671
7, OSS
6,902
6,997
6,831
Real-estate loans
do
7,924
7,754
7,772
7,721
7,753
7,825
7,787
8,075
7,866
Other loans
do
7,949
7,893
Money and interest rates: §
Bank rates on business loans:
3.72
3.60
3.56
In 19 cities
percent
3.34
3.50
3 29
New York City
do
3.74
3.61
3.57
7 other northern and eastern cities
do
3.98
4.03
3.95
11 southern and western cities
do
1.75
2.00
1.50
1.50
1.75
1.50
1.50
1.50
1.50
1.5C
1.50
Discount rate (N. Y. F. R. Bank)
do
2.97
2.56
2.08
2.08
2.50
2.50
2.04
2.00
1.96
2.00
2.00
Federal intermediate credit bank loans
do .__
4.17
4.17
4.17
4.17
4.17
4.17
4.17
4.17
4.17
4.17
4.17
Federal land bank loans
- _
do
Open market rates, New York City:
1.25
1.88
1.68
1.25
1.25
1.25
1.25
1.48
1.25
1.25
1.25
Acceptances prime, bankers' 90 days
do..
1.76
2.11
1.58
2.00
1.56
1.45
2.00
1.33
1.31
1.31
1.31
Cominercial paper, prime, 4-6 months
_do ._
3.25
3.25
3.00
3.00
3.00
3.00
3.13
3.00
3.00
3.00
3.00
Call loans, renewal (N. Y. S. E.)
do
2.88
2.88
3.01
3.13
3.13
2.88
2.88
2.88
2.88
2.88
2.88
Time loans, 90 days (N. Y. S. E.)
do
Yield on U. S. Govt. securities:
1.214
.984
.782
.650
.892
1.011
1.053
.710
.948
.987
1.007
3-month bills
_
- do
2.04
1.84
1.79
1.74
1.78
1.71
1.80
1.69
1.90
1.85
1.80
3-5 vear taxable issues
do
Savings deposits, balance to credit of depositors:
14, 442
14,914
14, 694
14, 943
14, 993
14, 768
14, 651
14, 500
15,252
15, 112
15, 150
New York State savings banks
mil, of dol._
2,272
2,251
2,291
2,343
2,326
2,209
2, 310
2,230
2,189 v 2, 171 "2,154
U. S. postal savings
do
CONSUMER CREDIT (Short- and Intermediateterm)
28, 666
28, 095
28, 724
28, 372
27, 833
28, 140
28, 725
28, 736
29,209
28, 856
28, 975
Total outstanding, end of month 9
mil. of dol..
21, 836
21, 717
21, 487
21, 426
21, 582
21, 849
21, 381
22,014
21,901
21, 935
21, 952
Installment credit, total 9
__ do .__
10,
168
9,942
10,
158
10,
002
9,919
10,
010
10,
298
10, 349
10, 365
10, 296
10, 340
Automobile paper
_ do _
5,413
5,367
5,370
5,443
5,697
5,588
5,328
5,294
5,324
5,398
5,287
Other consumer-goods paper
do
1,634
1,617
1,614
1,635
1,635
1,623
1,637
1,642
1,642
1,631
1,637
Repair and modernization loans
_.do _
4,454
4,346
4,547
4,586
4,481
4,361
4,405
4,616
4,641
4,689
4,651
Personal loans.. _
__ __ ._
do
By type of holder:
18. 245
18, 538
18, 325
18, 192
18,545
18, 300
18, 671
18, 731
18, 753
18, 719
18, 726
Financial institutions, total
do
8,914
8,722
8,783
8,729
8,714
8,763
8,755
8,731
8 688
8 637
8 586
Commercial banks
do
6,062
5,974
6,060
5,944
5,901
5,892
6,189
6,256
6,294
6 315
6 325
Sales-finance companies
do
1,103
1,207
1,175
1,157
1,136
1,115
1,228
1,250
1,270
1,267
1,282
Credit unions
- - do
2,477
2,466
2,494
2,456
2,488
2,491
2,465
2,450
2 504
2 504
Other
do
2 526
3,291
3,162
3,282
3,179
3,181
3,189
3,178
3,170
3,182
3,295
3,226
Retail outlets, total
do
995
1,032
1,031
1,032
1,065
1,037
1,032
1,027
1 041
1 063
Department stores
do
1 098
872
821
823
829
849
820
818
822
830
821
Furniture stores
. - do
846
375
379
386
371
368
366
370
390
389
390
Automobile dealers
.
do_.
390
1,049
942
943
958
963
943
998
943
928
Other
do....
929
%1
r
Revised.
* Preliminary.
© Revised to cover 11 dealers.
tRevised series. Bank debits have been revised to include additional centers and to represent debits to demand deposits; data for 1943-53 appear on p. 23 of the
d* Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
J Revised beginning 1952 to expand coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
ONet loans less loans to banks.
§ For bond yields see p. S-20.
9 Revisions for 1952 appear on p. 24 of the June 1954 SURVEY. Data beginning 1953 have recently been revised to incorporate
unpublished revisions (for January-September 1953) will be shown later.
Digitized formation;
FRASER
September 1954 SURVEY.
more comprehensive infor-
SURVEY OF CURRENT BUSINESS
March 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-17
1955
1954
January
February
March
April
May
June
DecemOctober NovemAugust September
ber
ber
July
January
February
FINANCE—Continued
CONSUMER CREDIT (Short- and Intermediateterm)— Continued
Total outstanding, end of month— Continued
Non installment credit, total 9
mil. of dol _
Single-payment loans
do
Charge accounts
-~ do
Service credit
_
_do_ _
By type of holder:
Financial institutions
- do
Retail outlets
do___
Service credit
,do
Installment credit extended and repaid: J
Unadjusted:
Extended total
do
Automobile paper
do
Other consumer-goods paper
do _
All other
do
Repaid total
-- do
Automobile paper
do
Other consumer-goods paper
do
All other
do
Adjusted:
Extended total
-do _
Automobile paper
- _
do_
Other consumer-goods paper
_ do
All other
do__
Repaid total
- - -do _
Automobile paper
_
do
Other consumer-goods paper
_ do _ _
\.ll other
do_-_
FEDERAL GOVERNMENT
6,888
2,165
3,002
1,721
6,558
2,133
2,682
1,743
6,452
2,150
2,564
1,738
6,669
2,181
2,723
1,765
6,885
2,313
2,786
1,786
6,949
2 334
2,819
1,796
6,876
2 303
2,773
1,800
6 835
2 312
2 734
1,789
6,921
2 335
2 807
1,779
7,023
2 377
2,892
1,754
7,195
2 407
3,042
1,746
2 420
3 518
1,720
7 248
2 295
3 225
1 728
2,165
3,002
1,721
2,133
2,682
1,743
2,150
2,564
1,738
2,181
2.723
1,765
2,313
2,786
1, 786
2, 334
2,819
1,796
2 303
2,773
1 800
2 312
2 734
1 789
2 335
2 807
1 779
2,377
2,892
1, 754
2 407
3,042
1 746
2 420
3 518
1 720
2 295
3 225
1 728
1,947
780
538
629
2,298
963
672
663
1,956
809
510
637
2,210
957
619
634
2,380
1,020
574
786
2,581
1,111
719
751
2,400
1.038
615
747
2, 355
1,015
645
695
2,397
1,047
607
743
2, 336
987
650
699
2.703
1,244
659
800
2,473
1.078
662
733
2,549
1 163
622
764
2,417
1 033
661
723
2,477
1 114
607
756
2,425
1 063
641
7?1
2 441
1 062
629
750
2,407
1 046
636
725
2,454
1 031
687
736
2.437
1 056
650
731
2,554
1 040
716
798
2,492
1 084
642
766
3 046
1 184
2 389
1 060
' 616
713
2 420
997
675
748
2, 461
' 1.068
r
633
760
r
2, 424
1, 039
' 652
733
2 612
1 109
677
826
2 500
1 098
631
771
2 762
l'298
679
785
2 488
1 083
643
762
2 823
1 233
' 788
802
2 496
l' 020
684
792
2,306
907
689
710
2,368
985
681
702
r
2, 357
••959
636
762
2,377
1,041
644
692
r
2,r 294
957
601
736
2,456
1,053
688
715
321 r 2, 495
' 2, 358 ' 2,
r
984 ' 1,114
'964
r
T
644
604
649
750
733
'732
2, 392
2,413
2,358
1.010
1,056
1,025
'658
658
629
724
704
699
r
r
r
2, 455
1,T 060
666
r
729
2, 364
1,006
667
690
r
r
2 409
1 035
r
613
761
r
2 480
1,067
678
r
735
r
r
2 474
1,r 077
609
788
2,404
1,014
T
634
r
756
T
7,658
936
926
2 593
1 084
666
843
FINANCE
Budget receipts and expenditures: §
Receipts total
Receipts net
Customs
Income and employment taxes
Miscellaneous internal revenue
All other receipts
mil. of dol
do
-do _ _
do
do
do
5,200
5,033
40
4,036
771
352
6, 425
5,444
41
5,366
859
159
13, 013
11, 434
44
11,866
954
149
3 956
2,751
52
2,865
860
179
5 037
3,592
44
3,946
877
170
11 347
10, 644
49
10, 123
834
340
3 148
2 827
45
2 059
790
254
4 801
3 911
48
3 806
829
119
5 280
4 951
48
4 277
8S8
117
2 887
2 639
47
1 850
850
140
4 905
4 201
52
3 791
839
224
4 217
3 742
47
3 204
801
165
4 833
4 655
48
3 638
716
430
Expenditures total
Interest on public debt
Veterans' services and benefits
National security
All other expenditures
do _
do_ __
__ _ _ d o _ _ _
do. _
do
5,218
245
343
3,648
981
4,707
372
345
3,568
423
5,555
588
340
3,830
797
5,296
350
383
3,691
872
5,203
249
352
3,374
1, 229
7,308
1, 763
376
' 4, 663
* 506
4,827
213
336
3,061
1 217
6 731
332
334
3,370
2 695
5,019
541
321
3 261
897
4,857
346
349
3,300
863
3 842
368
373
3 316
— 215
6 288
l'200
*401
v 3 739
p 947
4 942
222
379
v 3 176
P 1 I6f)
274, 849
272, 632
231, 623
41, 009
2,216
274, 782
272, 536
231, 466
41, 070
2,246
270, 235
267, 823
226, 821
41, 002
2,412
271, 047
268, 855
227, 806
41 049
2,192
273, 475
271, 280
229, 913
41 367
2, 195
271,260
268, 910
226, 681
42, 229
2, 350
270, 984
268, 681
226, 528
42 152
2,303
274, 955
272 693
230, 214
42 479
2,262
278, 752
276, 400
234, 161
42 238
2, 352
278 853
276 511
234' 160
42 351
2 342
278 750
275 731
233* 165
42 5fifi
3 019
278
275
233
42
2
75
77
77
80
80
81
21
97
29
34
34
34
24
27
57, 918
561
704
57, 960
515
560
58, 050
602
598
58, 106
511
538
58, 159
464
510
58, 189
523
628
58, 129
508
693
58, 200
546
562
58, 207
464
544
58, 242
456
507
58 299
466
510
58 358
557
633
58 456
742
772
58 605
602
543
Public debt and guaranteed obligations:
Gross debt (direct), end of month, totaldo_ ._
Interest bearing, total
do
Public issues
do __
Special issues
do
Non interest bearing
_ _
__
do
Obligations guaranteed by U. S. Government, end
of month
_,
mil. of dol
U. S. Savings bonds:
Amount outstanding, end of month
do
Sales series E through K
do
Redemptions
__do _
Government corporations and credit agencies:
Assets, except interagency, total. _
mil. of doL
Loans receivable, total (less reserves) _ _ _ do To aid agriculture _ _ _
- do __
T o a i d homeowners
_ __ _ _ _ _ _ _do
Foreign loans
_
_do _
All other
_
_
__do.
Commodities, supplies, and materials _ _ do .
U. S. Government securities
_ _
do_ __
Other securities and investments
__do. _ _
All other assets
39, 313
19, 877
7,370
2,858
7,987
1,842
2,696
2,969
3, 425
do
Liabilities, except interagency, total
Bonds, notes, and debentures
Other liabilities
_
Privately owned interest
U. S. Government interest . _
__ __
do__
do._.
do
do_ __
do
274
272
230
42
2
810
440
033
407
370
2,312
39, 602
18, 489
fi, 38S
2,814
7,965
1,576
3,369
2,911
3,439
8.077
3,317
40. 443
18,603
6.527
2 818
7,968
1 567
3,709
2,988
3,433
8,061
3, 649
5,944
1,025
4,920
470
32, 899
5,085
1,052
4,033
486
34, 030
3 458
1,100
2 358
498
36 488
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance) , estimated
total _ _ __ _
_ ___mil. of dol _
Securities a n d mortgages _ _ _
_do
49 companies (Life Insurance Association of America), total
mil. of dol_ _
Bonds and stocks, book value, total
do._
Go vt. (domestic and foreign), total
do- __
U. S. Government
do
Public utility
do__
Railroad
_
_ _ _ _ _ _
do
Other
do. .
Cash
_
Mortgage loans, total
Farm ___
Other
Policy loans and premium notes
Real-estate holdings
Other admitted assets
r
Revised.
P Preliminary.
_ _
do
do
do
do
do. _
do
do_ ._
78, 866
70, 544
79, 251
70, 884
79, 649
71, 238
80, 114
71, 645
80,547
71, 997
80, 981
72, 361
81, 510
72, 737
81, 965
73 086
82, 362
73 455
82, 850
73 852
83 338
74 229
84 052
74 807
68, 989
42, 607
10, 509
8,407
12, 325
3, 505
16, 267
69, 337
42, 801
10, 541
8,414
12, 447
3,507
16, 307
69, 652
42, 942
10, 461
8,306
12, 548
3,499
16, 433
70, 024
43, 087
10, 464
8,287
12,621
3,520
16, 482
70, 364
43, 233
10, 475
8,194
12, 655
3,525
16, 578
70, 716
43, 362
10, 316
8,011
12, 766
3 574
16, 705
71, 160
43, 509
10, 230
7,861
12, 820
3 573
16 886
71, 529
43, 598
10, 197
7,839
12 857
3 552
16 992
71,930
43, 713
10, 088
7,757
12 953
3 542
17 129
72, 341
43, 870
9,993
7,692
13 002
3 587
17 287
72, 754
43 919
73, 346
44 112
9 998
7 687
13 015
3 581
17 517
889
19, 410
1,674
17, 736
2,447
1,769
1, 868
793
19, 525
1,685
17, 840
2,460
1,778
1,980
790
19, 689
1,697
17, 992
2,480
1,792
1,959
799
19. 885
1,71"
18, 171
2,494
1.801
1,959
818
20, 028
1,728
18, 300
2, 507
1,812
1,966
807
20, 197
1,744
18, 453
2,523
1,838
1,989
842
20, 366
1 759
18, 607
2,536
1,854
2,053
826
20, 555
1 770
18 785
2,549
1,879
2,122
815
20, 767
1 779
18 988
2,560
1,914
2,161
823
20, 961
1 786
19 175
2,569
1,942
2,175
9 See note " 9 " on page S-16.
I For a description of these new data and for figures prior to January 1953, see the January and March 1954 issues of the FEDERAL RESERVE BULLETIN.
§ Data are on a budgetary basis.
9,969
7,616
12 989
3 587
17 373
854
21, 219
1 794
19 425
2 579
1,960
2,223
912
21,511
1 806
19 705
2 587
1,972
2,253
439
690
427
26H
743
-
278
275
233
42
2
182
555
517
047
617
SURVEY OF CUREENT BUSINESS
S-18
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March 1955
1955
1954
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association :
Insurance written (new paid-for insurance) :
' 2, 586
Value estimated totalt
mil. of dol_
428
Group and wholesale
__do- __
'420
Industrial^
- do. __
'
1,
738
Ordinary totaljcf
do_ -122
New England
_
_ _ -do
418
Middle Atlantic
do. __
375
East North Central
do..
143
West North Central
do..
"•179
South Atlantic
- _ _ _ _ do_
72
East South Central
- do
153
West South Central
do.__
59
Mountain
- do
191
Pacific
- - - - -_do-__
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
- thous. of doL i 437, 531
Death benefits
do. _ 172, 796
50, 744
Matured endowments
_ __
do_
10, 242
Disability payments
do_ _
49,
115
Annuity payments
do
65, 474
Surrender values
- do. __
i
89,
160
Policy dividends
_ _ _ _ __do
Life Insurance Association of America:!
669,
865
Premium income (39 cos ) total
do_ _
88, 698
Accident and health
_ _ _ do
101,219
Annuities
do
77, 237
Group
do
90, 155
Industrial
do
312, 556
Ordinary
do
r
2, 781
418
'516
r
1,847
75
168
60
197
r 3, 426
492
••565
r
2, 369
155
538
505
201
'260
96
216
84
274
' 3, 185
467
'539
' 2, 179
137
515
452
177
'249
90
201
75
247
' 3, 288 ' 3, 140
602
431
'521
'572
r
r
2, 188
2, 114
141
137
495
480
452
440
184
173
'251
'257
84
87
184
200
75
72
264
251
374, 908
163, 906
40, 856
8,573
35, 062
62, 825
63, 686
461, 416
196, 916
49, 479
10, 241
38, 682
79, 293
86, 805
408, 692
171,065
45, 376
9, 573
36, 458
72, 312
73, 908
377, 515
158, 955
41,416
8,804
34 379
67, 400
66, 561
427, 419
183, 689
45,644
8,861
37 859
71, 445
79, 921
386, 791
158 681
40, 535
9 041
39 763
66 530
72 241
380
168
39
8
34
69
60
639, 410
82, 273
86, 309
57, 444
70, 623
342, 761
722, 082
87, 704
89, 843
66, 055
85, 132
393. 348
619, 537
90, 562
80, 333
56, 866
67, 571
324, 205
627, 606
86, 381
79, 300
49, 621
74 642
337, 662
697, 825
88, 165
82 751
63, 721
83 043
380, 145
649 190
90 063
98 097
64 886
64 772
331* 372
630 661
87* 548
74 080
55 141
78 386
335 506
21, 956
-43.3
7,074
1,555
63, 400
40, SCO
10, 300
5,100
21,958
-9.9
303
1, 930
61,800
39, 300
10, 900
4,900
21, 965
-2.0
389
9,397
68, 700
42, 400
12,900
5,400
21, 969
37.5
1,088
3,517
66, 000
41, 900
12, 500
4,900
21, 973
—48.4
2,004
68, 900
43, 200
13, 400
5,000
21, 927
—16 9
541
3,831
70, 000
43, 300
13 200
6,100
21 908
—72 7
852
2 400
71 100
44 300
13 300
6* 100
21 809
—65 4
1 274
2 978
71 400
45 200
J2 900
5' 800
314
4,412
.853
128
5,618
.853
182
6,326
.853
190
4,843
.853
134
5,124
.853
167
5,956
.853
227
7 146
.853
2,553
4,065
3,372
2,050
4,203
3,163
2,314
2,299
3,775
2,700
2,328
3,643
29, 981
207, 100
2,800
4,400
29,904
206, 200
2,900
5,800
29, 707
205, 100
3,000
6,900
29, 735
206, 200
3,100
5,800
29, 870
207, 600
3,100
6,400
29, 922
29
209, 354 v 209
3,256 P 3
7,581 p 5
29 929
30,500
892
29, 985
30 509 ' 29 789
30 074
100 P210 500 p 211, 800 *>215 400 p 217, 300 v 218, 700 p 217 600
400 v 3 400 *>3 300 P 3 200 ^ 3 200 ?3 400 P 3 200
200
P 6 900 p 6 000 v 7 500 v 8, 300 v 5,900 p 5 000
199, 800
102, 300
70 600
26, 900
197, 400
99 600
71 000
26 900
195, 200
96 700
71 700
26 900
197, 300
98 600
72 000
26 700
198
98
72
26
000
700
500
800
198, 517
98 132
73 292
27 093
400 P 200 300 ^202
000 P 99 400 P 101
700 P 74 000 P 74
800 j> 26 900 P 26
42.7
24.1
18.6
42.7
25.5
19.2
44.6
29.2
19.7
41.3
27 6
18.8
41.9
25 5
18.8
44 2
26 8
19.7
124
439
402
151
'194
'3 156 ' 2 946 ' 2 959 ' 3 074 ' 10, 274 ' 4, 088
7,489
641
' 1, 154
391
487
400
'524
478
'490
' 504
'563
' 515
' 2 025 ' 2 040 ' 1 968 ' 2 111 ' 2 261 ' 2, 456
150
123
146
125
112
126
536
505
449
•
440
432
409
522
424
483
428
418
443
215
181
177
177
174
175
286
'275
'238
' 242
' 233
' 257
103
84
96
87
86
85
233
'191
' 185
188
187
188
98
' 78
76
76
83
76
297
263
'245
240
265
251
3 056
376
503
2,177
156
519
462
178
235
87
212
81
248
394, 119
168 679
39, 154
8 662
35 608
67* 885
74 131
371, 915
151 957
44, 863
8 809
35 818
66 690
63, 778
399, 965
169, 921
49, 254
8,947
38 626
72, 863
60, 354
661
86
81
58
76
358
622
85
73
52
66
344
319
987
224
530
241
337
695, 482
90, 642
85 437
75, 584
80 033
363, 786
21 810
—34 6
1 065
2 128
21 759
—34 6
781
2,377
21, 710
—36 7
1,203
2,712
21, 713
18
2, 363
3,024
21,714
—9 7
788
3,016
44 900
13 100
5 100
13 300
5 600
13, 500
5,600
13 500
5,800
5 000
460
9 351
.853
262
7 727
.853
196
8 366
.853
1 144
9,036
.853
233
5,795
.853
640
4 321
.853
' 2 704 ' 2 735 r 2 787
4,672
2 283
2 853
3,609
1 997
2 779
2 754
3 236
2 840
2 427
5 453
3 117
2 793
2 347
3,366
3 169
859
048
247
648
907
738
271
463
727
417
039
298
982
525, 998
207, 594
54, 241
9,795
40 551
71 445
142, 372
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S
mil. of dol
Net release from earmark§
do
Exports
thous. of dol
Imports
_
_ - _ _ - - do. _ _
Production, reported monthly total
do
Africa . . . .
_
do_ __
Canada
do
United States .
. do. __
Silver:
Exports
do
Imports
_ _
_
do.
Price at New York
dol. per fine oz_.
Production:
Canada J
thous. of fine oz
Mexico
_ _ _ _
._
-_ do. __
United States
do
Money supply:
Currency in circulation
mil. of dol
Deposits a n d currency, total ... _ _ _ _ _ _ _ --do- Foreign banks deposits, net
do
U. S. Government balances
_. , . __do_ Deposits (adjusted) and currency, total
do
Demand deposits, adjusted
do
Time deposits
do
Currency outside banks
do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:t
New York City
ratio of debits to deposits
6 other centers 9
do
338 other reporting centers
_ _ - _ _ _ do- ...
r
2 510
3,494
3,229
P 200
P 100
P 73
•p 26
41 6
24 9
18 8
40 0
24 8
18 5
500
200
400
900
40.4
25 3
19.4
i?204
P 103
P 74
P 26
800
100
700
900
39 3
23 6
18 6
^205
P 104
P 74
v 27
800
100
300
500
42 2
26 3
20.7
.853
3 416
*> 209 400 P 209 400
P 106 900 P 107 200
P 75 100 P 75 400
P 27 400 P 26 800
48 1
28 1
'21 0
42 0
p 25 4
v 19.5
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):*
Net profit after taxes, all industries. ___ mil. of dol _
Food and kindred products
- - do _
Textile mill products
_
- do- Lumber and wood products (except furniture)
mil. of dol- _
Paper and allied products
do ___
Chemicals and allied products..
__ .
do
Petroleum refining
do
Stone, clay, and glass products.
do
Primary nonferrous metal
do
Primary iron and steeL _ _ _ _ _ _
do __
Fabricated metal products (except ordnance,
machinery, and transport, equip.) __mil. of dol
Machinery (except electrical)
do
Electrical machinery _ .
___
do
Transportation equipment (except motor vehicles,
etc.) _
___
mil. of dol
Motor vehicles and parts. . _ _
- _
do
All other manufacturing industries . _
do
2,595
174
32
2,922
234
16
2,658
252
29
14
114
282
543
68
99
167
42
122
303
520
135
121
185
43
116
287
505
147
106
146
84
229
173
116
253
162
113
196
146
90
291
236
110
340
265
97
191
286
Dividends paid (cash) , all industries
do
1,302
1,298
1,338
Electric utilities, net profit after taxes (Fed. Res.)
mil. of dol_.
268
324
266
Railways and telephone cos. (see pp. S-23 andS-24).
' Revised.
* Preliminary.
i Revised data for October-December 1953 (thous. dollars): Total payments to policyholders and beneficiaries—357,360, 349,806, 479,102; policy dividend
payments—58,305, 54,493, 126,546.
t Revisions to be shown later are as follows: Insurance written (total, industrial, and ordinary) for 1953; premium income for 1951 and 1952; silver production for 1953.
cf Data for 1954 for total ordinary insurance written include revisions not distributed by regions.
§ Or increase in earmarked gold (—).
tRevised series, reflecting change in number of reporting banks and centers. Data for 1943-53 for New York City appear on p. 23 of the September 1954 SURVEY; those for other centers will
be shown later.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
* New series. Compiled jointly by the Federal Trade and Securities and Exchange Commissions. Data are estimated totals based on reports from all manufacturing corporations registered
with SEC, all nonregistered manufacturing corporations with total assets of $5,000,000 and over at the end of 1949, and a sample of nonregistered manufacturing corporations with total assets of
less than $5,000,000 at the end of 1949. Comparable data for 1951-53 appear on p. 27 of the December 1954 issue of the SURVEY.
SURVEY OF CURRENT BUSINESS
March 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-19
1954
January
February
March
April
May
June
1955
July
Septem- October Novem- December
ber
ber
August
January
February
FINANCE—Continued
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 ..
Securities and Exchange Commission::!:
Estimated gross proceeds, total ._
do
By type of security:
Bonds and notes, total
do
Corporate
do
Common stock
do
Preferred stock
do
By type of issuer:
Corporate, total. ._
do Manufacturing _
__
do
Mining
do
Public utility..do
Railroad
do
Communication.
do
Real estate andfinancial_ .
do .
Noncorporate, total
_
do
U S. Government
do
State and municipal.. __
do
New corporate security issues:
Estimated net proceeds, total . . .
do
Proposed uses of proceeds:
New money, total
_
._
do
Plant and equipment
do
Working capital.
...
. do
Retirement of securities
_
do
Other purposes
do
Proposed uses by major groups:
Manufacturing, total
do
New money ._
.
_ . do
Retirement of securities „
do ..
Mining, total _
___
_do
New money do
Retirement of securities
_ _
do
Public utility, total
do
New money
do
Retirement of securities
__
do
Railroad, total
do
New money
_
do
Retirement of securities
do
Communication, total. .
do
New money
do
Retirement of securities
do...
Real estate and financial, total
_. do
New money.
do
Retirement of securities
do
State and municipal issues (Bond Buyer) :
Long-term
thous. of doL.
Short-term
.
do
COMMODITY
1
1,117
1977
1,632
1,053
1 046
783
605
546
267
0
279
59
178
178
76
85
17
830
758
745
315
32
398
13
72
72
15
55
1 304
1,167
1 087
1,655
1,386
1,913
1,947
4,386
2,438
2, 151
1,298
2,131
6,547
1,366
r
2, 544
2,646
1,545
1 297
1 699
1 726
4 184
2 189
1,991
1,077
1 224
2 010
6 230
1 263
r
2 386
2 461
1,237
1,014
1,133
437
113
61
66
51
1,011
627
226
26
221
63
6
60
835
441
0
393
44
140
140
20
115
4
462
90
20
366
63
27
571
136
34
279
48
27
12
456
53
20
272
30
7
52
930
515
414
1,083
561
399
490
39
557
81
136
136
71
58
513
144
69
1 537
1,346
1 329
485
114
730
17
191
191
112
76
2
408
111
110
726
110
29
367
16
31
90
628
88
41
314
31
26
52
1,186
1,319
602
522
511
735
1,838
1,342
1 334
536
47
751
8
495
482
179
268
34
647
73
130
850
208
36
507
1
41
27
1,921
1,754
1 715
859
31
826
39
167
167
96
45
26
808
118
131
731
32
282
579
579
396
181
87
74
369
30
44
783
523
855
192
914
508
280
443
124
15
161
13
27
16
854
546
300
3,537
2,669
1,057
311
76
448
9
160
1,381
532
72
314
43
1,706
1,311
1 311
611
64
636
o
395
395
285
96
14
893
62
59
154
43
252
130
331
48
1,117
464
652
1,825
1,424
1 405
795
13
597
18
401
401
179
216
817
264
52
308
36
275
45
99
268
5 414
4 611
615
334
66
37
852
97
61
188
74
463
62
44
104
'32
929
466
459
*• 1 534
r
557
906
441
135
50
2 020
742
527
563
448
713
616
836
1,041
1,223
437
1,001
1 117
428
996
615
531
485
46
18
13
410
338
72
9
29
590
473
117
53
70
471
389
82
129
16
614
472
142
183
38
812
635
177
182
47
853
667
186
325
45
310
210
100
91
36
749
617
132
224
27
865
487
378
109
143
251
149
102
129
48
530
37^
157
404
62
427
302
124
129
59
52
46
204
181
8
34
32
1
501
327
173
1
1
0
40
40
0
26
22
1
305
256
21
74
61
0
442
381
60
7
0
9
g
0
159
59
97
528
507
4
71
39
27
310
170
129
43
18
25
2
0
190
54
128
123
95
16
14
12
152
125
17
41
39
159
102
55
13
10
27
27
0
16
9
3
248
161
75
129
6
123
328
326
2
48
43
3
305
291
6
32
21
9
271
193
61
45
20
25
98
98
0
266
205
187
8S
63
69
52
12
11
0
86
76
6
39
25
12
309
237
73
31
19
12
26
25
0
51
18
25
110
92
18
17
0
269
258
0
30
23
7
7
7
0
51
40
0
107
95
0
29
28
0
362
306
46
16
14
2
30
22
0
88
54
0
222
140
47
25
20
1
218
175
39
62
26
36
g
4
1
59
51
1
399, 429
304, 473
414, 306
438, 195
569, 850
266, 676
735, 074
249 648
782, 572
244, 326
854, 718
176 741
280, 426
339 707
300, 344
257 554
651, 593
351, 010
615, 479
260 413
158
250
136
244
160
369
183
413
116
344
117
369
254
496
200
363
147
311
129
236
239
237
211
312
1,690
1,688
1,716
1,786
1,841
1,857
1 926
1 998
2, 081
2 131
2 242
2 558
l'069
1 696
134
111
16
32
29
1
276
275
(2)
(2)
48
48
0
26
25
(2)
o
o
(2)
59
40
(2)
(2)
65
46
18
51
50
75
21
54
31
20
459
152
307
61
43
18
44
43
1
103
83
11
458, 795 r 906, 056 r 541, 449
133 922 r 327 572 r 191 319
308, 228
261 543
MARKETS
Volume of trading in grain futures:
Corn,
_ .
Wheat
mil of bu
do
182
257
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...
r
l
309
348
1,108
1,062
1,054
1 094
1,186
1 173
1 169
1 194
1 291
1 364
1 416
2 429
1 019
r i 596
99.32
99.74
77.17
100. 28
100. 68
77.49
100. 64
101. 04
78.34
101. 00
101.41
78 17
100. 00
100. 40
77.64
100. 71
101. 12
77 90
100. 91
101 31
78 67
100. 62
101 00
78 74
100. 53
100 90
78 96
100. 39
100 74
79 71
100. 13
100 47
79 85
100. 07
100 43
78 92
99.05
99 39
79 06
114.6
123. 6
97.42
116.5
125.4
98.62
117.9
125.6
99.87
118.1
123.9
100. 36
117.5
123.6
99.68
117.0
123.9
99.49
117 5
126.9
100. 36
117 8
128.4
100. 28
117 6
127.2
99.92
117 5
126.9
99.69
117 4
127.4
99.27
117 0
126. 6
98.97
116 7
125.4
97.88
79, 128
91, 677
80, 038
91, 416
83, 039
92, 499
74, 769
83 764
73, 721
84, 141
73, 701
82 290
92 201
102 829
85 991
90 886
64 498
68 903
70 651
77 015
98 178
99 831
150 401
155 797
115 121
129 547
77, 099
88, 276
78, 470
88, 486
81, 229
89, 996
72 601
81, 102
72, 116
82, 136
72 013
80, 225
90 201
100, 3651
84 448
88! 658
62 600
66,' 632
68 690
74,' 512
96 042
96] 368
147 784
152, 634
111 885
126, 209
741
768
787
2
819
836
838
877
910
924
924
972
Revised.
Includes International Bank securities not shown separately.
Less than $500,000.
|Revisions for 1952-February 1953 will be shown later.
§Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are also included in computing average price of all listed bonds.
124.9
96.97
SUEVEY OF CUKKENT BUSINESS
S-20
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March 1955
1955
1954
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Sales— Continued
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
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil of dol
Finance
do
Manufacturing
do
M^ in ing
do
Public utilities:
Communications
do
Heat light and power
do
Railroad
do
Trade
do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) .dollars. Industrial (125 stocks). _.
_ do_ __
Public utility (24 stocks)
do
Railroad (25 stocks) _ _ _
do___
Bank (15 stocks")
do
Insurance (10 stocks)
___ _
__ do__ _
Price per share, end of month (200 stocks) _
Industrial (125 stocks)
Public utility (24 stocks) _ _ .
_.
Railroad (25 stocks)
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks) __
Bank (15 stocks)
Insurance (10 stocks)
_
do
do
do-_.
do
percent..
do
do
_ do
do
do
86, 352
0
86, 352
72, 247
13, 970
75, 856
6
75, 850
62, 595
13, 102
79, 181
0
79, 181
65, 421
13, 691
75, 166
0
75,166
64, 443
10. 629
73, 779
0
73. 779
64. 860
8,822
77, 847
0
77. 847
68, 552
9,238
83, 871
10
83, 861
74, 966
8,781
76, 251
5
76, 246
68, 307
7,878
59 575
1
59 574
50, 574
8,965
67 945
5
67 940
57.516
10, 362
97, 202
0
97, 202
88, 096
9,009
126,487
0
126 487
118,359
8,051
101, 100
4
101,096
93, 654
7,356
101, 246
99, 162
1,421
101,936
99, 419
1,842
107, 646
105, 557
1,424
107, 346
104, 843
1,838
107, 976
105, 867
1,441
107, 286
104, 782
1,839
108, 356
106, 255
1,440
107, 288
104, 781
1,843
105, 094
102, 990
1.436
105, 091
102, 577
1,849
105, 582
103, 474
1.437
104, 835
102, 325
1,844
105, 727
103, 608
1,445
104, 770
102, 268
1,837
109, 495
107, 382
1,440
108, 816
106, 322
1,829
109 350
107, 232
1,448
108, 778
106, 280
1,833
109 395
107, 269
1, 453
108, 965
106, 477
1,823
109, 139
107,012
1,454
109, 003
106, 516
1,822
106 517
104 442
1,403
106,438
103, 995
1 778
105, 476
103, 351
1,456
106, 491
103, 985
1,841
3.34
3.23
3.14
3.12
3.13
3.16
3.15
3.14
3.13
3.13
3.13
3.13
3.15
3.18
3.06
3 22
3.35
3.71
2.95
3.12
3.25
3.61
2.86
3.03
3.16
3.51
2.85
3.00
3.15
3.47
2.88
3.03
3.15
3.47
2.90
3.06
3.18
3.49
2.89
3.04
3.17
3.50
2.87
3.03
3.15
3.49
2.89
3.04
3.13
3.47
2.87
3.04
3.14
3.46
2.89
3.04
3. 13
3.45
2.90
3.04
3 14
3.45
2.93
3.06
3.15
3.45
2 9Q
3.10
3. 17
3.47
3.23
3.31
3.47
3.12
3.23
3.35
3.05
3.14
3.24
3.04
3.13
3.19
3. 06
3.13
3. 21
3.10
3. 15
3.23
3.10
3.13
3.23
3.07
3.12
3.21
3 07
3.13
3.22
3.06
3.11
3.23
3.06
3.10
3.22
3 07
3 10
3.23
3.08
3.12
3.25
3.12
3. 15
3. 28
2.46
2.50
2.68
2.39
2.39
2.60
2.44
2.38
2.51
2.49
2.47
2.47
2. 51
2.49
2. 52
2.40
2.48
2.54
2.26
2.31
2.47
2.26
2.23
2.48
2.35
2.29
2.51
2.33
2.32
2.52
2.33
2.29
2.55
2.36
2. 33
2 57
2.43
2. 39
2.65
2.72
689. 5
134.7
239.8
8.3
244.1
68.9
84.2
1.9
1, 274. 5
78.7
833.1
93.9
588. 3
108.0
212. 5
6.8
227 fi
55. 8
96.7
2.1
1,252.5
86.4
81 6. 5
94.5
525. 8
130. 6
149.9
2.3
339.6
68.0
170. 7
4.6
1 264 5
93.9
822.0
93.8
594 2
114.3
211.6
6 5
256.6
75.2
104.4
1.7
1,941.0
233. 5
1, 237. 8
140.1
721.3
148.2
236.8
6.1
104.4
68.0
32.3
92.3
9.6
1.1
56.9
10.1
17.0
4.0
39.4
102.3
60.0
43.8
23.2
107. 6
70.2
24.7
51.3
7.2
1.1
57.3
2.9
7.6
4.1
38. 4
100. 7
55. 2
37.4
23.4
107.2
66.8
13.7
48.2
7.1
1.6
64.8
9.5
13.2
7.2
39.0
102 6
51.2
38.3
23.7
107.8
74 4
20.3
52.4
6.9
1.2
55. 9
4.4
8.2
5.6
42.1
113.9
87.0
47.4
39.2
120.8
73.9
32.4
94.0
9.1
4.11
4.30
2.09
3.25
3.01
3.26
4.14
4.34
2.11
3.24
3.01
3.28
4.14
4.34
2.13
3.11
3.01
3.37
4.18
4.41
2.13
3.11
3.01
3.37
4.22
4.47
2.13
3.11
3.01
3.37
4.22
4.47
2.13
3.14
3.01
3.37
4.24
4.47
2.13
3.15
3.01
3.37
4.22
4.43
2.13
3.15
3.05
3.37
4.22
4.43
2.13
3.15
3.07
3.37
4.23
4.46
2.13
3.15
3.08
3.37
4.42
4.72
2.13
3.17
3.09
3.37
4.43
4.73
2.14
3.14
3.15
3.37
4.48
4.79
2.14
3.19
3.15
3.39
4.56
4.90
2.14
3.23
3.15
3.39
77.11
81.37
40.87
46.58
77.85
81.98
41.42
46.80
80. 56
85.53
42.56
46. 40
84. 67
90.76
42.91
47.16
86.51
92.86
43.79
49, 63
87.60
94.34
43.91
50.01
91.97
98.49
46.67
52.98
88.91
95.06
45. 44
50.01
94. 65
102. 88
45. 90
51.47
92.64
100. 66
44.18
52 29
100. 60
110. 13
46. 33
58. 38
105. 40
115. 64
47.56
64.27
106. 21
116. 83
46. 94
64.35
108.30
118. 49
48.59
67.42
5.33
5.28
5.11
6.98
4.72
3.20
5.32
5.29
5.09
6.92
4. 77
3.08
5.14
5.07
5.00
6.70
4.81
3.17
4.94
4.86
4.96
6. 59
4. 66
3.08
4.88
4.81
4.86
6.27
4.62
2.94
4.82
4.74
4.85
6. 28
4.59
2.88
4.61
4.54
4.56
5.95
4.35
2.73
4.75
4.66
4.69
6.30
4.32
? 79
4.46
4.31
4.64
6.12
4.39
2.77
4.57
4.43
4.82
6.02
4.50
3.00
4.39
4.29
4.60
5.43
4.26
2.74
4.20
4.09
4.50
4.89
4.09
2. 52
4.22
4.10
4.56
4.96
4.14
2.58
4.21
4.14
4.40
4.79
4.06
2.51
Earnings per share (at annual rate), quarterly:
7.75
Industrial (125 stocks)
dollars
2.81
Public utility (24 stocks)
do
3.14
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 11 high-grade
4.04
4.15
4.08
(Standard and Poor's Corp.)
percent. _
Prices:
113.11
111.55
Dow-Jones & Co., Inc. (65 stocks)
dol. per share.. 103.86
286. 64
299.15
292.13
Industrial (30 stocks).
_
do
55. 64
53. 33
54.39
Public utilitv (15 stocks)
do
102. 44
98.17
101.38
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad :cf
204.9
195.4
199.6
Combined index (480 stocks)
1935-39=100..
222.9
211.9
216.5
Industrial, total (420 stocks)
do
211.7
201.0
204.8
Capital goods (129 stocks)
_ do
180.5
178.1
177.0
Consumers' goods (195 stocks)
do
131.0
126.7
128.8
Public utility (40 stocks)
_
do
165.4
159.5
165.8
Railroad (20 stocks)
do
120.7
121.7
122.8
Banks, N. Y. C. (16 stocks)
_
do
248.1
243.7
238.0
Fire and marine insurance (17 stocks).
.do-_
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
2,043
1,533
1,700
Market value
._.
mil. ofdol.
75, 234
64, 873
60, 104
Shares sold
thousands
On New York Stock Exchange:
1,751
1,296
1,458
Market value
mil. of dol
52, 932
47, 313
43, 482
Shares sold __
_
_ - thousands
Exclusive of odd lot and stopped sales (N. Y.
44,132
33, 375
33, 295
Times)
thousands
Shares listed, New York Stock Exchange:
Market value, all listed shares . _ _ .mil. of dol._ 123, 190 124,906 129, 122
2,943
2,937
2,931
Number of shares listed
millions.
8.25
2.85
4.60
7 50
2 88
6 42
2. 45
?9. 00
p 2 92
»9.80
4.02
4.03
4.05
4.04
4.01
3.98
3.93
3.92
3.93
3.98
4.00
115.94
310.92
56. 39
102.01
120.74
322. 86
57.37
108.62
122.69
327. 91
57.92
110.89
127.66
341.27
59. 43
116.65
129. 76
346. 06
61.01
118.29
130. 40
352. 71
61.04
116.03
131.54
358. 30
59.43
118.41
137. 84
375. 50
60.12
126. 95
145. 81
393. 84
61.43
139. 64
147. 98
398. 43
62.39
142. 45
151. 70
410. 25
63.29
145. 64
212.7
233.1
225.3
184.6
132.5
163.7
121.8
249.1
219.8
241.5
235. 9
189.2
134.9
173.0
124.8
260. 6
221.8
244.0
241.6
191.2
135.0
175.7
125.8
265.1
231.1
254.5
255. 9
202.4
139.5
184. 1
131.3
283.3
236.4
260.6
257. 2
207.3
142.3
187.2
135. 7
293.3
238. 5
264.4
257.3
209.4
140.7
182.0
135.4
284.1
243. 5
271.4
262.5
214.8
139.4
186.7
135.9
274.8
252.2
282.0
278.5
221.2
141. 4
196.7
138.0
278.5
264.5
296.7
296.8
228.7
144.4
217.5
147.6
295.9
268.8
301.9
302.7
232.2
145.1
222.4
150. 5
302.3
278.1
312. 4
316.2
235.0
149.6
231. 9
153.9
311.1
2,173
84, 949
2,122
84, 979
2, 105
88, 072
2.453
89, 573
2,752
97, 306
2,178
81, 922
2,371
88, 329
2,987
101, 956
3,714
135, 761
3,996
142, 277
1,879
62, 793
1,846
61, 746
1,823
61, 602
2,144
67, 359
2,410
70, 904
1, 852
53, 201
2,031
61,725
2,577
71, 843
3,196
93, 705
3, 438
96, 769
43, 867
41.913
42, 225
51, 854
56, 928
41, 232
44, 169
63, 930
76, 456
74, 646
134, 586
2,967
137, 928
2,979
139,188
3,047
145. 843
3,063
142, 284
3,071
150, 659
3,093
148, 163
3,094
160, 986
3,107
169, 149
3 174
171, 155
3 208
60, 815
r
Revised.
v Preliminary.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price of
all listed bonds shown on p. S-19.
cf Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
March 1955
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-21
1955
1954
January
February
May
April
March
August
July
June
Septem- October Novem- December
ber
ber
January
February
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)t
4,767
826
Exports of goods and services, total
mil. of dolMilitary transfers under grants net
do
Merchandise, adjusted, excluding military transactions
mil of dol
Income on investments abroad
do
r
r 2 813
'464
do
do
do
do
Balance on aoods and services
do
Unilateral transfers (net) total
Private
Government
Private
Gold sales [purchases ( )]
Frrors and omissions
r
4, 873
T
708
5.420
607
3 478
r
2 895
r
503
3 485
r
r 664
Merchandise adju c ted o71
Income on foreign investment*3 in IT S
IVIilitarv expenditures
Other services o71
5, 691
996
479
738
3 717
2 514
4 198
2 752
106
592
505
108
662
676
+1, 050
+1, 493
621
707
r 767
3 898
2,574
2 455
r
97
r
626
r
822
112
653
559
r
+873
+1,522
— 1,227
r
107
—l, 120
-1,212
— 115
-1,097
r
do
do
do
-1,356
106
-1,250
-1,479
111
-1,368
—206
328
+122
—408
390
—18
r
do
+443
+239
r
do
+56
+8
do
+13
r
r
— 508
-508
— 315
319
r
+4
0
+437
+319
+70
+164
r
+147
-191
+68
FOREIGN TRADE
Indexes
Exports of IT. S. merchandise: J
Quantity
Value
Unit value
Imports for consumption: t
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
\djustod
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
4.djusted
218
443
203
238
480
202
225
458
203
285
580
203
281
570
203
296
600
203
261
525
201
235
468
199
226
451
199
258
513
199
251
505
201
2^3
534
202
149
411
276
144
398
276
153
426
279
161
460
285
141
405
286
164
474
289
139
400
288
140
403
287
133
379
284
132
371
281
144
405
282
158
454
286
72
69
82
94
89
97
90
114
92
119
92
132
75
110
64
80
70
60
102
74
103
81
110
91
do
do
100
99
107
125
114
123
119
141
133
156
120
150
115
145
97
101
109
94
150
116
147
127
146
132
do
do
103
100
95
94
101
90
115
108
96
98
106
114
81
89
78
85
80
85
78
77
81
84
91
88
3,751
8,435
3,855
8,198
3,965
8,799
5,616
8,232
6,552
8,892
6,570
9,845
6,386
9,154
6,339
9,133
5,986
8, 971
7,464
8,957
1 091.5
1, 181 5
1, 123. 9
1, 425. 4
1, 398. 6
1, 474. 2
1, 290. 4
1, 150. 2
1,109 3
1, 263. 4
1, 242. 0
36, 212
169, 995
219, 562
199, 629
131,033
117,026
40, 403
197, 705
246, 191
207, 876
129, 801
124, 424
28, 851
174, 984
222, 065
243, 766
116, 330
96, 671
61, 756
234, 484
306, 117
256, 833
166, 798
178, 762
49, 322
202, 834
278, 076
267, 974
132, 824
146, 668
59, 900
181,712
292, 575
242, 926
125, 654
150, 837
46, 736
176, 835
249, 817
219, 896
119, 602
162, 471
49, 525
141, 224
225, 279
215, 117
118, 878
153, 954
48, 916
146, 943
229, 643
213, 547
121,960
144, 125
49, 198
158, 828
351, 361
232, 886
139, 864
161, 779
45, 528
173, 184
349, 767
241, 925
139, 921
155, 596
51, 066
196, 976
378, 465
222, 382
145, 685
162, 397
do
do
2,546
18, 100
2,724
19, 409
4,064
12, 147
3,794
28, 524
3,407
21, 447
3,429
21, 323
2, 753
17, 093
2,976
17, 201
2,814
18, 878
3,073
18, 760
3,967
18, 943
4,101
16, 564
do
do
do
do
do
do
8 710
1,576
0
10, 019
75, 993
6,876
20 551
13 046
2,691
0
17, 369
83, 157
7,112
25 826
11 685
1,926
14, 986
2,262
18 323
2,857
17, 574
3, 292
17, 816
2,447
14 734
2,412
18 260
3,154
4
14 383
2,275
0
0
0
13, 289
73, 562
5,925
25, 857
24, 628
79, 089
7,126
35, 072
21, 326
62, 099
8,740
26, 467
13, 364
55, 914
8,317
23 878
16, 892
43, 990
5,189
22, 876
do
d o
do
do
do
22, 920
31,770
22, 368
0
44, 293
27, 699
39, 292
21, 869
3
49, 748
20, 305
44, 769
15, 627
31, 693
44, 609
27, 906
25, 315
39, 898
26, 955
34, 072
34, 337
32, 186
22, 586
33, 220
21, 581
23
86
78
39, 838
44, 649
46, 297
47, 777
50, 706
1936-38—100
do
do
do
do
do
1924-29—100
do
Shipping Weight
Water-borne trade:
Exports incl reexports §
General imports
thous of long tons
do
r
Value*
By geographic regions: A
Africa
Asia and Oceania
Europe
Northern North America
Southern North America
South America
Total exports by leading countries: A
Africa:
Egypt
Union of South Africa
Asia and Oceania:
thous of dol
do
do
do
do
do
British Malaya
China including Manchuria
India and Pakistan
Japan
Indonesia
Republic of the Philippines
Europe:
France
Germany
_ _ _
_ _ _ _ _
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics, total
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
r
2
2
1
0
r
1,311.8
18, 838
3,579
21, 599
2,276
0
2
0
0
12, 950
32, 024
3,032
23, 421
12, 842
32, 140
4,396
29 897
12, 547
40, 907
4,657
31, 348
16, 945
44, 063
4,067
26, 559
21, 800
53, 882
5,342
32 531
21, 549
32, 070
16, 324
32, 471
49, 286
28, 179
35, 321
59, 611
33, 316
4
0
34, 708
51, 236
37, 513
53, 724
22, 830
31,145
17, 459
1
61, 910
101, 546
70, 210
77, 661
0
18
do
199, 625
207, 870
243, 763
256, 827
267, 971
242, 833
219, 877
215,097
213, 533
232, 872
241, 920
222, 370
do
do
do
do
236, 172
9,527
25, 030
5,263
243, 225
7,748
31, 824
4,580
203, 511
4,594
23, 334
5,083
326, 759
8,183
46, 781
7,911
264, 400
6,058
40, 645
5,494
262, 902
11, 396
42, 518
6,074
268, 002
10, 291
48, 601
4,602
263, 268
14, 193
47, 901
4,364
253, 947
9,342
39, 865
5,947
287, 136
12. 348
36, 611
6,801
281, 090
15, 802
34, 936
7,905
292, 543
12,815
31 535
9,909
do
do
do
do
21, 369
33, 185
53,159
39, 202
22 743
34, 305
56, 653
41, 129
17 312
28, 386
58, 923
34, 652
33, 673
40, 234
62, 238
56. 934
29 510
36, 721
53, 953
47, 433
31 354
34 109
48, 165
41. 618
30, 697
32, 798
43, 648
46, 966
26 138
35, 760
48, 282
43. 057
32 598
35 353
48, 497
37. 229
35 270
39. 958
47, 312
47. 131
28 039
38, 377
52, 256
46, 331
32 386
38 982
54 092
48. 694
Revised.
*> Preliminary.
^Revisions for 1946-53 for balance of payments appear on pp. 16 and 17 of the July 1954 SURVEY; those prior to August 1953 for foreign trade will be shown later.
©"Excludes military expenditures.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
JTotal exports and data by economic classes and commodities include shipments under the Mutual Security Program. Total MSP shipments are as follows (mil. dol.): January 1954December 1954 respectively—169.3; 184.4; 203.4; 167.2; 264.2; 359.3; 267.6; 200.4; 156.8; 103.7; 85.1; 100.1.
AExcludes shipments under MSP and "special category" shipments not made under this program.
SURVEY OF CUEKENT BUSINESS
S-22
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March 1955
1954
January
February
April
March
May
June
1955
July
August
Septem- October Novem- December
ber
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueJ— Continued
Exports of U. S. merchandise, totalt
mil. of dol
By economic classes:
Crude materials
thous. of dol
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures 9
do
Finished manufactures 9
-do _ . By principal commodities:
Agricultural products, total
do
Cotton , unmanufactured
do
Fruits vegetables and preparations
do
Grains and preparations
do
Packing-house products
_ do
Tobacco and manufactures
do
1, 080. 1
1, 169. 7
1,115.6
1,412.9
1, 389. 1
1,463.1
1,280.9
1, 140. 9
1, 098. 7
1,251.6
1, 230. 7
1, 300. 5
133, 447
45, 234
55, 092
131,713
714, 650
134, 323
53, 472
62, 914
142, 367
776, 582
137, 969
55, 748
69, 620
129, 186
723, 124
158, 519
65, 793
63, 025
165, 713
959, 843
144, 403 168, 747
65, 699
73 492
61,772
67, 372
151,847 151,939
951, 967 1,014,906
123, 005
65, 747
55, 394
154, 354
882, 362
121, 853
51, 644
52, 862
152, 194
762, 304
126, 224
46, 257
59. 721
141, 524
725, 014
224, 474
64, 567
68, 071
163, 530
731,002
217, 101
63, 873
74, 739
157 000
717, 960
205, 172
83, 506
65, 893
171, 260
774, 653
205, 715
54, 136
15,755
55, 932
15, 982
26, 710
236, 064
71,415
19,169
65, 951
20, 005
16, 451
244, 937
80, 369
22, 105
60,018
15,066
17,820
259, 365
79, 777
21, 280
65, 155
22, 028
22, 355
254, 461
64, 484
27, 758
70, 230
21,991
23, 085
267, 290
83, 706
28, 400
58, 979
19, 647
23,215
213, 478
43. 290
23, 505
62, 404
21, 785
23, 040
186, 044
35, 403
19, 735
54, 228
18, 435
22, 216
193, 149
38, 164
20, 448
49, 074
16,781
37, 827
312, 047
67, 823
25. 354
63, 543
21,992
75, 505
329 345
74 441
27 273
58 691
24, 527
46 073
340, 225
94, 622
20, 722
79, 725
24, 231
31, 980
874.4
100,611
63, 208
18, 261
39 969
933. 6
113,927
73, 216
15,669
39 077
870.7
102,810
66,613
15, 521
35 791
1,153.5
147, 935
103, 184
23, 309
50, 001
1,134.6
134, 634
86, 590
28, 154
38 646
1,195.8
113,054
90, 425
29, 701
39 682
1,067.4
104, 683
87,314
25, 617
41, 594
954.8
82, 669
85, 387
31, 925
43 742
905. 6
81,315
81, 626
28, 697
41 408
939.6
80, 931
93, 035
35, 588
45, 562
901 3
91 063
86, 120
31 731
41 439
960.3
111,625
85, 995
27, 942
53, 990
do
do
do
do
do
do
194, 487
8, 954
20, 027
56, 365
16, 495
83, 545
218, 269
11,107
24, 831
56,913
20 713
94, 768
200, 172
13, 170
24, 253
51,613
11 817
92, 129
298, 255
15,210
32,151
78, 356
22, 855
135, 264
258, 677
14,035
30, 411
66, 398
18 710
117, 089
243, 638
10 722
27, 762
65, 430
19, 760
109, 599
230, 226
11,818
27, 363
61, 270
15, 235
104, 025
204, 840
10, 089
26, 877
50, 096
20 597
89, 193
208, 796
8,192
22, 577
55,316
13, 449
98, 581
214,810
7,236
23, 378
58, 731
14,180
99, 743
228, 909
7 437
24 518
61 437
17 044
106 971
234, 655
7, 752
25, 818
59, 353
16,712
85, 662
Petroleum and products cf
Textiles and manufactures
do
do
51, 571
47, 368
51 611
52, 312
45 483
43 957
59, 087
65, 598
59 772
51, 469
65 494
49, 758
56 738
45, 461
53 408
48 997
46, 909
51,017
57, 018
57, 434
55 383
53 627
55, 21 8
54, 588
General imports total
By geographic regions:
Africa
Asia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt
Union of South Africa
Asia and Oceania:
Australia including New Guinea
British Malaya
China including Manchuria
India and Pakistan
Japan
Indonesia
Republic of the Philippines
Europe:
France
do
833, 704
809,111
857, 844
957, 459
828, 797
946, 744
821, 309
824 521
780, 678
763, 173
838 833 ' 941, 772
do
do
do
do
do
do
55.813
124, 291
160, 641
160, 888
129, 727
201,346
60, 740
118 576
155, 734
172 594
133, 367
168, 103
49, 954
119 677
147, 593
203 258
144,410
192, 958
70, 444
159,985
197, 710
185,912
133,467
209, 942
55, 330
144 867
159, 112
193 338
110,380
165, 766
57, 234
155,108
180, 134
219 824
108,125
226, 320
42, 200
132 990
159, 995
201 679
91,488
192, 958
40, 785
148 973
162 231
206 279
89 868
176, 387
31,543
142, 120
171,945
205, 055
68, 973
161, 043
37, 742
127,219
182, 073
201,653
69, 231
145, 258
44, 288
129 904
196 756
211 055
72 250
184 580
57, 877
121,314
208, 253
215, 641
107,012
231, 674
do
do
1,433
6 616
1, 178
6 853
3, 037
9 170
4,083
8,253
2,244
9 790
1, 658
7,782
1,646
9,409
1,947
7,708
727
5,745
610
6,851
490
6,248
1,379
5,972
do
do
do
do
do
do
do
12, 253
11,484
694
20, 342
17, 693
12, 577
18, 534
8, 361
10,176
435
20 932
15, 563
12, 369
19, 346
4,989
11, 529
374
21 491
16, 178
10,714
19, 408
15,474
13,137
1,958
20, 656
29, 510
13,542
29, 362
9,046
14, 780
348
17, 928
22, 764
13,052
23, 658
9,636
18, 848
189
16,817
23, 672
17, 596
31,313
9,611
12, 232
118
19, 305
22, 155
10, 997
27, 814
10, 578
17, 496
261
17, 443
27, 427
16, 260
24, 604
13, 192
13, 519
695
19,039
27, 336
13, 537
22, 457
7, 623
15, 642
269
15, 268
24, 360
18, 383
17, 435
7, 768
15, 001
951
17, 250
27, 043
13. 462
15, 873
6,979
14, 552
726
17, 047
25, 038
14, 238
9,814
do
do
do
do
11,010
21 511
8,777
711
36, 973
10, 901
17 958
ll'655
717
37, 457
10, 278
18 983
10, 551
854
37, 861
15,217
28 611
13,045
1,342
48, 370
12, 229
21 750
10, 865
1,065
40, 429
14,680
26 132
10, 754
1,146
45, 042
13, 065
20 913
9,724
999
39, 504
12, 674
24, 841
11,804
1,038
38, 860
12, 158
23 640
10, 924
1,604
43, 083
14, 985
25, 380
14, 308
524
41, 263
15,833
29, 920
14, 888
890
35, 452
14, 044
23 842
14, 188
919
57, 110
do
160, 826
172, 541
203, 226
185, 879
193, 328
219, 782
201, 437
206, 175
204, 898
201, 607
210, 760
215, 620
268, 307
11,415
38, 961
23, 705
57, 450
34, 527
19, 534
37, 908
252, 123
8,942
34, 265
14, 818
51, 595
37, 667
24, 358
38, 674
216, 263
8,016
34, 181
15, 260
34, 347
26, 805
19, 558
40, 138
194, 180
6,500
59, 125
6,724
15, 554
19, 791
20, 950
37, 412
237, 374
5,894
55, 643
13, 044
37, 097
14, 992
21, 042
48, 550
311,869
6.962
96, 842
15, 003
40, 430
17, 689
27, 850
51, 792
Non agricultural products, total
mil. of dol
Automobiles parts and accessories thous. of dol
Chemicals and related products§cf
do
Coal and related fuels
do
Machinery, total §
Agricultural
Tractors parts and accessories
Electrical §
M^etalworking§
Other industrial
--
Italv
-..
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics, total
Argentina
Brazil
_
Chile
Colombia
Cuba
Mexico
Venezuela
do
do
do
do
do
do
do
do
309,312
5, 103
80, 984
13, 832
37 954
33, 638
31,715
42, 739
277, 881
7,307
50, 212
13, 591
39 911
36 710
34, 009
38, 085
317, 252
10, 481
61,501
14, 183
41 881
43, 656
40, 294
47, 129
324, 397
13, 539
84, 707
12,113
38 629
48, 058
37, 854
41, 598
261, 327
7,112
44, 991
17,863
38 236
49, 413
23, 457
38, 634
317,005
11,526
39, 997
37,154
72, 747
38, 256
26, 748
40, 113
do
842, 958
816,316
874, 023
943, 462
829, 731
971, 607
819, 779
826, 540
776, 778
760, 741
831, 654
930, 835
do
do
do
do
do
206, 958
232, 363
82 408
174 760
146, 468
195 888
203, 327
88 069
166 219
162, 813
208, 251
208, 505
97 905
183 540
175, 822
197, 956
241,098
123 309
183.212
197, 886
203, 466
168, 214
106 112
175, 124
176, 814
225, 389
199, 968
110 872
242, 584
192, 794
185, 251
159, 202
93, 622
192, 272
189, 432
207, 398
142, 208
96 615
194 700
185, 618
197, 765
114, 793
86, 332
195, 137
182, 751
180, 801
123, 591
76, 189
187, 025
193, 136
185, 487
163,018
82, 040
203, 238
197, 870
206, 347
242, 022
71 546
218, 178
192, 742
do
do
do
do
do
do _ _
do
371, 633
35 681
162, 458
3,474
18 678
32, 006
19, 433
340, 087
25 102
141, 089
3,132
17 080
36, 852
14, 621
361, 962
11 940
158, 351
4,215
18 855
45, 467
18, 975
427, 798
16 317
175, 751
6,016
19, 461
52, 405
22, 660
327, 860
15 049
106, 465
6,693
21, 401
42, 948
19, 576
372, 183
28, 824
127, 551
4,885
26, 948
47, 699
21, 963
300, 844
23, 267
101, 651
4, 696
17, 610
39, 445
19, 022
304 453
16 180
90, 126
4 896
27 214
41, 740
19 145
259, 889
17, 291
64, 630
3,686
22, 564
30, 403
18, 533
252, 241
12,822
75, 993
3,967
24, 371
16, 651
17, 689
288, 050
18, 788
106, 079
3,752
23, 188
12, 880
15, 689
360, 957
30 821
174,374
3,171
24, 480
10, 423
15,444
Nonagricultural products total
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures, total
thous of dol
Copper incl ore and manufactures
do
Tin including ore
do
Paper base stocks
do
Newsprint
- do
Petroleum and products
do
471 325
6,844
476 230
7,540
512 062
5,023
515, 664
6, 424
501, 870
7,173
599, 424
5,375
518, 936
6,570
522, 087
4,805
516, 888
5,297
508, 500
2,838
543, 604
2,124
569, 878
11,990
90 994
20 837
18,911
20 657
42, 423
70, 077
89 152
32 254
12, 068
24 873
46,515
67, 000
97 469
26 202
13, 718
24 920
53, 643
74, 566
88 098
27, 685
12, 286
20, 532
47, 597
62, 135
98 182
31, 201
11,223
20, 115
49, 478
65, 596
153 634
48, 889
19, 782
28, 048
52, 529
67, 059
97, 278
37,312
9,032
23, 884
46, 947
64, 684
96, 428
32, 542
16,055
25, 082
52, 063
62, 988
89, 048
31, 767
13, 660
25, 560
47, 487
64, 401
73, 197
17, 797
16, 015
25, 421
49, 651
67, 032
82, 969
25, 759
17,041
27, 068
54, 284
74,077
97 324
28, 382
14, 974
22, 675
52, 963
87, 896
Imports for consumption total
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities:
Agricultural products total
Coco'i or cicao beans incl shells
Coffee
Hides and skins
Rubber crude including guayule
Sugar
- -Wool and mohair unmanufactured
r
1
Revised.
P Preliminary.
^Revisions prior to August 1953 will be shown later
JSee similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
§ Excludes "special category, type 1" exports.
cf Exports of jet fuel (totaling $1,719,000 in 1953) are included with petroleum and products beginning January 1954; with chemicals prior thereto.
January
February
March
SURVEY OF CUEEENT BUSINESS
1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-23
1954
January
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue
thousands
Express and freight ton-miles
flown
do
Mail ton-miles
flown
do
Passengers carried revenue
do
Passenger-miles flown revenue
millions
43, 007
18, 759
6,549
2,673
1,414
r
40, 497
* T 17, 350
6, 496
2,416
1,281
44, 365
19, 69"
9. 88:
2,51H
l,42f
30, 318
8,696
30, 784
11,982
32, 132
12, 458
39, 517
17, 161
13.9
785
114, 500
13.9
816
123, 400
14.0
820
127, 100
14.0
862
137, 100
14.1
784
39, 035
13, 494
6,093
2,023
1,176
37, 345
12, 880
6,070
2,038
1,117
41, 402
14, 735
6,816
2,252
1,257
41, 281
14, 964
6,767
2,485
1,334
42, 758
14, 780
6,344
2, 520
1,363
42, 344
14, 669
6,199
2,701
1,525
44, 190
13, 793
6,045
2,687
1,514
37, 859
12, 704
6,053
2,471
1,392
42, 095
16, 478
6,160
2,621
1,436
27, 425
8,768
27, 850
9,502
33, 063
13, 977
31, 215
12, 492
28, 003
9,903
31, 588
12, 760
27, 061
9,062
28, 808
10, 759
13.3
856
124, 700
13.4
803
119, 400
13.4
905
130, 300
13.5
874
130, 400
13.6
834
122, 300
13.7
806
119, 900
13.7
749
117, 500
13.8
740
116, 400
T
Express Operations
Transportation revenues
Express privilege payments
thous of dol
do
Local Transit Lines
Fares average cash ratef
Passengers carried, revenue
Operating revenues
cents
_ _ millionsthous. of dol..
_
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :§
Number of reporting carriers
Expenses total
Revenue freight carried
do
thous of tons
Carriers of passengers (quarterly totals) :
Operating revenues total
Expenses total
thous of dol
do
2,037
814,650
791,010
63, 282
2,042
844 448
807, 973
64, 697
2,036
856 644
819, 933
65, 629
169
78, 935
81, 034
76, 172
169
93, 176
83, 932
81, 143
168
107, 372
88, 267
83, 553
Class I Steam Railways
Freight carloadings (A. A. R.):c?
Total cars
thousands
Coal
_
do
Coke
_ .. _
.
do
Forest products
do
Grain and grain products
do
Livestock
do
Ore
_ _ _ _ _ _ _ _ _ _ -_. do
Merchandise, 1. c. 1
do
Miscellaneous _ _ _ _ _
do
Freight carloadings (Federal Reserve indexes):
Total , unadjusted
1935-39 = 100
Coal___ _ _ . .
__ do.
Coke
_
do
Forest products
_
_ _ do__
Grain and grain products
do
Livestock _ _ _
do _
Ore
do
Merchandise, 1. c. 1_ _ _
do _
Miscellaneous
do
Total, adjusted
do
Coal
_
do
Coke
do
Forest products
_
do
Grain and grain products
do
Livestock
_ _ _ _ _ _ do
Ore_
do
Merchandise, 1. c. 1__ _
- _ _
_ _ _ do
Miscellaneous
do
Freight-car surplus and shortage, daily average:
Car surplus, total
number__
Box cars
do
Gondolas and open hoppers
_ _ _
_
do
Car shortage, totaL _
do
Box cars
_
do
Gondolas and open hoppers
do
Financial operations:
Operating revenues, total
thous of dol
Freight
_ _ _ _ _ • _ . _ - do
Passenger
do
Operating expenses _
_ _
_ do
Tax accruals, joint facility and equipment rents
thous. of dol__
Net railway operating income _
do
Net income!
do
Operating results:
Freight carried 1 mile
mil of ton-miles
Revenue per ton-mile
cents
Passengers carried 1 mile revenue
millions
2,462
r
423
37
158
173
24
63
253
1, 331
2,412
383
34
156
166
28
58
261
1,325
2,445
378
31
157
162
31
79
253
1,356
3,345
507
37
205
228
38
303
309
1,718
2,730
439
29
163
214
23
285
235
1,342
3,251
433
35
178
312
31
351
290
1,621
2,708
438
27
155
212
31
249
252
1,344
2,711
452
29
162
199
46
228
248
1,348
3,629
635
43
230
268
77
246
327
1,803
2,685
493
35
170
220
47
110
247
1,363
2,518
487
36
169
185
34
62
23?
1, 30f
3,054
608
50
194
225
40
75
288
1,575
2,575
511
42
171
177
25
56
243
1,351
108
100
126
122
124
56
58
38
122
107
87
116
128
122
43
55
40
126
105
78
105
126
117
51
51
41
125
108
79
96
127
118
55
88
40
128
114
84
93
133
127
53
224
39
130
116
85
93
132
158
41
255
38
129
114
80
91
120
181
47
255
38
126
114
90
87
125
149
56
217
40
127
120
98
97
140
147
89
205
41
133
124
105
109
149
150
111
170
41
136
121
106
116
143
159
85
98
41
134
114
lOf
125
137
133
60
57
40
127
110
103
••127
133
132
61
53
37
123
P113
P105
P131
P138
pl24
p45
P49
P39
P128
120
100
120
136
124
58
231
39
133
117
87
109
133
124
54
222
41
134
112
78
104
126
127
64
177
41
132
111
79
98
127
134
62
136
39
130
112
84
94
128
144
58
136
39
128
111
85
95
127
155
54
164
38
125
109
80
94
119
151
54
159
38
125
111
90
90
119
138
59
145
40
126
111
98
98
129
131
67
137
39
123
115
105
111
141
150
72
109
40
125
118
106
116
146
163
68
109
40
129
123
106
119
154
142
62
184
41
135
121
103
121
148
132
64
210
39
134
p 122
*>105
pl24
P 144
P 127
P56
p 198
p40
P 136
126, 957
33, 501
79, 358
366
247
20
112, 442
22, 045
78, 680
465
330
22
130, 775
21,318
98, 605
200
181
6
136,335
22, 908
100, 848
261
245
0
126, 845
23, 609
88, 590
393
375
15
86, 150
19, 070
56, 783
699
689
0
95, 994
11,937
74, 775
740
716
24
81, 002
10, 688
60, 603
447
442
3
72, 134
8,923
52, 598
998
964
0
44, 922
3,402
33, 041
2,854
2,405
139
29, 482
1,200
20, 505
2,193
2,077
25
40, 960
2, 348
27, 410
244
237
0
71, 087
9, 568
49, 286
368
341
3
47, 171
6,445
30, 145
687
665
23
749, 826
617, 122
69, 994
626, 806
722, 334
602, 716
57, 437
586, 934
802, 534
674, 217
58, 546
629, 993
765, 963
637, 994
59, 645
611, 773
765, 121
638, 974
60, 395
616, 844
803, 521
666, 029
69, 271
625, 337
779, 794
642, 540
72, 464
618, 597
804, 767
664, 232
73, 422
623, 326
781, 619
652, 951
62, 312
607, 388
804, 392
678, 755
57, 327
611, 780
793,015
669, 535
57, 515
597,013
798, 023
652, 902
68, 954
628, 344
752, 741
625, 924
65, 301
590, 002
' 90, 474 90, 983
44, 418
32, 546
17, 594
21, 545
102, 912
69, 628
48, 864
94, 149
60, 041
38, 709
89, 396
58, 881
38, 659
98, 504
79, 680
58, 970
90, 094
71, 103
49, 365
97, 368
84, 073
64, 210
94, 027
80, 204
58, 329
101,737
90, 875
75, 402
101, 884
94,118
75, 518
60, 571
109, 108
126, 624
94, 079
68, 660
46, 190
1.509
2,191
45, 224
1.467
2,221
49, 117
1.363
2,285
47, 637
1.443
2,644
46, 914
1.427
2,879
48, 921
1.405
2,926
48, 175
1.402
2,406
52, 712
1.344
2,192
48, 521
1.415
2,159
47, 588
1.421
2,625
r
2,967
584
49
175
208
37
80
r
283
1, 550
r
r
46, 107
1.411
2,635
43, 047
1.459
2,129
Waterway Traffic
Clearances, vessels in foreign trade:
9,511
7,692
9,680
10, 171
9,726
8,830
7,684
7,707
9,886
Total U. S ports©
thous. of net tons
6,659
7,113
6,645
6,861
5,893
5,431
6,626
5,373
5,268
Foreign
do
2,852
3,059
2,262
2,819
2,334
3,101
3,241
2,936
2,417
United States
_ _
do
Panama Canal:
3,132
3,329
2,954
2,901
3,404
3,475
3,408
3,533
3,159
3,227
3,127
3,377
Total
thous. of long tons
991
1,002
932
878
1, 031
1,038
977
969
1,030
985
777
946
In United States vessels. _ _ _
_do
T
Revised.
P Preliminary.
tData have been revised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over; revisions prior to August 1952
will be shown later.
§Data have been revised to cover intercity carriers of all types of commodities, including common carriers of general and special commodities and contract carriers. It should be noted
that the data for 1945-53 shown in BUSINESS STATISTICS (1953 edition) and in the October 1953-December 1954 issues of the SURVEY are for carriers of general commodities only. Revised
data for 1945-52 will be shown later. Revisions for the first three quarters of 1953 are shown in the January 1955 SURVEY.
cf Data for January, May, July, October 1954 and January 1955 are for 5 weeks; other months, 4 weeks.
©Data beginning January 1954 include vessels under time and voyage charter to Military Sea Transportation Service; revised monthly data for 1953 to include these clearances will be
shown later.
{Revised data for December 1953, $79,989,000.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March 1955
1954
January
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars. _
Rooms occupied
percent of total
Restaurant sales index
same month 1929=100
Foreign travel:
U S citizens: Arrivals
-- number. _
Departures
do
Aliens: Arrivals*
_ _ _ _ _ . do
Departures*
do
Passports issued
_
._
do _ .
National parks visitors
thousands
Pullman Co.:
Revenue passenger-miles
. millions.
Passenger revenues
thous. of dol
COMMUNICATIONS
Telephone carriers: 9
Operating revenues
thous, 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 operating revenues
. - do
Ocean-cable:
Operatin^ revenues
do
Operating expenses incl. depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
do
Operating expenses incl depreciation _
do
Net operating revenues
do_
6.96
72
242
7.04
75
247
6.75
74
232
7.43
73
251
6.71
75
277
7.25
75
267
6.91
66
237
7.66
72
248
7.55
74
253
7.71
77
262
7.76
71
250
59, 348
64, 303
41, 127
26 556
29, 069
286
62, 290
68, 680
34, 617
24 835
34, 695
364
76, Oil
76, 910
44, 905
30 565
53, 990
395
72, 722
87. 138
52,115
37, 804
58, 430
654
78, 179
91, 220
56, 280
39 479
56, 776
1,190
92, 068
130, 168
57, 066
52, 266
53, 432
2,472
113,018
127, 507
62, 056
46 236
36, 707
4,127
146, 742
94, 034
64, 504
43 530
34, 263
4,213
126, 750
73, 984
70, 574
45 403
26, 023
2,010
88, 706
60, 498
56, 752
40 100
21,659
1,104
73, 293
783
10, 278
620
8,151
621
8,160
576
7,559
565
7,415
621
8,167
577
7,601
640
8,422
574
7,543
399, 014
238, 752
127, 521
271, 649
50, 381
43,915
388, 373
235, 457
120, 348
264, 804
48, 323
44, 040
410,977
241, 184
136, 479
287, 136
48, 277
44, 188
408, 652
241, 991
133,437
280,195
50, 511
44, 350
411,182
241,779
135, 373
279, 732
51,845
44, 514
415, 760
243, 104
138, 921
285, 347
49, 889
44, 621
414, 837
240, 459
139, 800
287, 388
61,957
44, 766
421, 562
243, 050
144, 225
286 027
55, 790
44, 920
15, 795
14, 818
164
15, 255
13, 873
593
17, 525
15,074
1,628
17,089
14, 824
1,442
16, 730
15, 004
904
17, 768
15, 445
1,499
17,111
15, 803
494
2,480
1,862
390
2,485
1,839
433
2,860
1,876
731
2,635
1,898
501
2,724
1,940
539
2,848
1,999
579
2,435
2,166
134
2,346
2,069
144
2,647
2,211
311
2.490
2,153
208
2,516
2,157
222
2,620
2,191
285
6.89
59
229
7.17
73
252
22, 000
428
25, 005
277
34, 356
318
583
7,647
540
7,042
571
7.474
422, 311
246, 076
141, 432
293, 280
52, 414
45, 129
431,443
251, 172
145, 088
290, 427
59, 615
45, 345
431,914
252, 812
143, 034
292, 307
58, 930
45, 568
448, 387
257, 149
154, 870
311,916
58, 457
45, 858
18, 072
15, 555
1,741
18, 447
15, 861
1,856
18, 267
15, 552
2,023
17, 843
15,513
1,660
19, 733
17, 479
973
2,704
1,918
525
2,595
1,967
377
2,743
1,794
701
2,733
1,721
761
2,781
1,853
668
3,011
1,862
864
2,599
2,217
248
2,557
2,179
255
2,611
2,320
159
2,652
2,112
426
2,672
2,249
300
2,998
2, 353
540
210, 938
59, 578
69, 490
244, 252
61,871
230, 098
60,915
59, 186
260, 052
64, 482
238, 463
58, 857
46,477
250, 952
62, 998
253, 687
60, 516
44, 834
259, 445
66, 372
50, 477
40, 173
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: J
Ammonia, synthetic anhydrous (commercial)
short tons.
Calcium carbide (commercial) _ _ _
do
Carbon dioxide, liquid, gas, and solid
.do_ Chlorine, gas
__ __
do
Hydrochloric acid (100% HC1)
do
Lead arsenate (acid and basic)
do
Nitric acid (100% HNOs)
do
Oxvgen (high puritv)
mil of cu ft
Phosphoric acid (50% H.PO4)
short tons
Sodium carbonate (soda ash), ammonia-soda process
(58% Na 2 O)
short tons
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)
short tons
Sodium sulfate, Glauber's salt and crude salt cake
short tons
Sulfuric acid:
Production (100% H^SO-i)
thous. of short tons
Price, wholesale, 66°, tanks, at works
dol. per short ton
Organic chemicals:
Acetic acid (synthetic and natural), production
thous. of Ib
Acetic anhydride, production
do
Acetvlsalicylic acid (aspirin), production.
do
Alcohol, ethyl:
Production
._ thous. of proof gal
Stocks, total
do
In industrial alcohol bonded warehouses
do._
In denaturing plants
_ . _ _
do
Used for denaturation
do
Withdrawn tax-paid .
_ do
Alcohol, denatured:
Production _ _ _ _ _ _ _.
thous. o f wine g a l
Consumption (withdrawals)
do
Stocks
do
Creosote oil, production
thous. of gal. _
Ethyl acetate (85%), production
thous. of Ib _
Glycerin, refined (100% basis):
High gravity and yellow distilled:
Production
do
Consumption
_
do
Stocks..
_
. do
Chemically pure:
Production
do
Consumption
.do
Stocks. .
do
Methanol, production:
Natural (100%) t .
-thous. of gal. _
Synthetic (100%)
do
Phthalic anhydride, production
thous. of lb__
r
209, 972
65, 321
45, 521
227 955
62, 362
1,026
161, 134
1,908
248, 636
206, 358
53, 554
46, 564
206, 337
57, 666
1.063
152, 456
1, 765
234, 740
237, 535
65. 072
50, 648
234, 640
62, 396
1,084
155, 156
1.863
264, 625
232, 246
60, 295
58, 934
231,336
61,351
1,539
148, 261
1,742
264, 979
249, 837
59, 984
65, 720
247, 890
63, 270
1,055
157, 705
1,823
263, 086
149, 383
1,768
240, 009
162, 502
1 611
221, 223
166, 192
1,723
232, 995
167, 012
1 694
219,823
184,188
1, 932
245, 893
193, 343
1,998
257, 550
371, 622
8,126
267, 083
370, 311
7,810
240, 529
424, 112
8,525
278, 210
404, 856
9,294
276, 481
413, 268
9,530
287. 773
378, 233
8,968
289, 484
380, 061
7, 559
291, 039
374, 831
7.049
284, 240
390, 280
7, 263
286, 262
408, 559
8, 452
299, 587
46, 608
49, 184
58, 458
49, 144
54, 730
50, 383
39, 073
39, 983
60, 910
55, 728
71, 468
70, 615
70, 787
64, 569
65, 409
62, 785
62, 457
62 930
63 000
71, 948
1,182
1,092
1,224
1,194
1,178
1,108
1,067
1,097
1,121
1,183
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
38, 979
51,863
1,105
28, 804
47, 823
1,213
39, 012
48, 469
1,192
37, 113
52, 836
1,337
31, 754
53, 336
1,072
30, 537
50, 342
1,227
38, 754
57. 415
922
36, 111
61, 777
1,136
27, 112
51, 403
33, 204
18, 199
28, 122
982
23, 912
47, 590
28, 138
19, 452
26, 171
1,113
32, 594
46, 976
26, 183
20, 794
33, 664
35, 465
44, 347
24, 978
19, 368
33, 676
36, 521
46, 531
25, 850
20, 681
32, 636
37, 268
51, 132
30, 779
20, 353
32, 357
725
835
34, 608
55, 777
35, 690
20, 087
27, 603
15, 213
16, 210
5,421
* 10, 329
5,909
14, 171
13, 332
6,603
9,852
3, 018
18, 176
17, 206
7, 637
14, 792
6,000
18, 172
18, 430
7,377
15, 750
7,849
17, 574
17, 582
7,377
15,417
6,436
17,511
17, 394
7,483
15, 057
6,039
6,325
5,820
17, 464
6,675
5,756
18, 294
6,804
5,576
19, 084
5,013
6,461
18, 422
5,475
6,685
18, 775
12, 743
8,706
28, 645
11, 238
8,809
27, 986
14, 099
9,647
28, 941
13, 113
9,229
29, 259
11, 654
8,418
27, 120
978
644
216, 786
56, 544
76, 725
243, 729
60, 122
323
211,310
54, 351
78, 407
245, 109
58, 210
0
222, 430
58, 435
77, 697
243, 403
59, 504
0)
0)
0)
(0
0)
253, 687
62, 388
260, 357
67, 494
199, 140
2 214
264, 317
210, 277
399, 961
7,913
292, 587
385, 270
8,707
300, 604
385, 787
49, 760
53, 066
71, 116
71, 485
r
r
272, 553
301,769
1, 255
1,300
1,312
22.35
22.35
22 35
*> 22. 35
44, 691
69, 282
1,151
42, 002
69, 104
1,250
41,502
66,r 302
932
41, 069
63, 578
1,142
32, 850
57, 509
36, 443
21, 066
29, 956
30, 650
56, 552
35, 996
20, 556
29, 825
28, 793
53, 587
32, 887
20, 700
29, 733
854
941
33, 552
54, 089
33,881
20, 208
32, 386
33, 651
53, 911
33, 636
20, 275
31, 839
14, 906
15, 678
6,704
13, 151
5,376
16, 181
15, 878
7,002
9,188
6,212
16, 106
16,817
6,276
9,752
5,952
16, 060
16, 805
5,512
9,240
6,960
17, 471
17, 368
5,500
8,992
r
7, 125
17,173
17, 340
5 434
10, 682
5,105
5,985
6,169
19, 201
3 740
5,753
16, 791
4 086
5,460
15, 939
5 067
5,909
15, 005
4,663
5,922
13, 435
4 804
5,776
12, 782
4 981
5 873
11,856
14, 023
9,193
27, 161
10 196
8,662
23, 520
12 391
9,531
23, Oil
11 964
9,499
20, 546
11, 631
9,279
17, 889
12 917
8 966
17, 445
15 679
9 271
18, 523
697
923
984
164
169
172
170
162
151
152
160
184
177
12, 459
21, 409
12, 063
19, 215
14, 580
20, 277
163
14, 079
23, 258
12, 905
20, 233
13, 147
19, 652
13 735
18. 532
12 979
19. 129
12 896
22. 136
15 319
24. 647
16 464
' 21 072
755
(2)
(2)
(2)
2 ig 556
2 14 836
2
30 073
176
16 974
' 28! 376
J
Revised.
» Preliminary.
Not available for publication.
2 Beginning January 1955, data for high-gravity and yellow-distilled glycerin are combined with chemically pure glycerin.
*New series. Compiled by the U. S. Department of Justice, Immigration and Naturalization Service. Data relate to the arrivals and departures of aliens, by sea and by air, between ports
of the United States and noncontiguous foreign territory. These statistics do not include border crossers, seamen, military personnel, traffic between continental United States and insular
possessions, and cruise travelers. Data prior to 1953 will be shown later. (Old series covered emigrant and immigrant aliens only.)
9 Data beginning January 1954 cover 38 companies (those having an annual gross operating revenue of $1,000,000 or more). However, the smaller number of companies continues to account
or over 90 percent of the annual gross operating revenues of the industry.
{Revisions for 1952 (also 1951 for ammonia and hydrochloric acid) will be shown later.
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1952 and j
descriptive notes are shown in the 1953 Statistical
7 nrui
Supplement to the Survey
i ary
February
March
April
May
1954
1
June | July
S-25
19 54
!
| August
Septem- October Novem- December
ber
ber
January
February
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States) 9
Exports, total t
Nitrogenous materials
Phosphate materials %
Potash materials
_
thous. of short tons..
short tons_ _
do
_ _
do
do
Imports, total %
do
Nitrogenous materials, total
do
Nitrate of soda
. __. _ _ . .
... _ do _
Phosphate materials^..
__
do
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
dol. per short ton
Potash deliveries
...
short tons
Superphosphate (100% A.P.A.)cT
Production .
_
. . . . short tons
Stocks, end of month
do
512
211,682
25, 205
180, 810
4, 590
1,111
197, 702
40, 160
148, 378
6, 519
1,772
273, 388
16,766
242, 731
10, 444
1,717
239, 183
13, 292
209, 516
10, 057
974
310, 071
6, 966
292, 538
8. 526
434
262, 196
238, 752
200, 085
65, 277
13, 062
11,271
252, 607
207, 2f>3
44, 464
10, 909
13, 324
338, 283
259. 781
89, 083
3, 725
33, 633
338, 161
243, 103
85, 533
14. 898
38, 073
250. 103
179, 594
67, 517
20, 591
8. 079
53. 00
155,388
53. 00
196, 463
53. 00
261, 238
53. 00
183, 643
306, 774
187, 464
286, 325
227, cm
234, 930
171
306, 751
24, 293
268, 815
10, 112
152
409, 734
39. 477
356, 048
11. 358
282
364, 339
29, 881
323, 734
6, 858
508
453, 853
20, 585
420, 435
9, 030
488
225, 276
32, 820
177, 964
12 214
225, 784
178, 599
98, 419
14, 157
3, 049
111,839
140, 624
93, 905
30. 550
202, 152
139, 914
37, 439
9, 175
155, 497
100, 361
33. 725
8, 690
24, 381
196, 532
152, 750
52, 302
221.249
53. 00
148, 040
53. 00
80, 404
51. 25
216.618
182, 037
165, 683
248, 229
185, 090
198.809
21.272
227, 693
10, 716
76,
35.
12,
7,
583
666
532
595
11.610
251,9%
10 759
13,502
19, 340
5,498
167,285
51.25
150, 221
154,317
274, 194
184, 713
278, 135
1 92, 554
296, 259
206, 309
326, 579
31,925
53. 00
100, 715
53. 00
124. 035
53. 00
137, 309
128, 618
273, 746
287,371
153,368
511
22, 733
214, 033
189 05S
84, 555
8, 986
18, 705
144, 345
369
291,794
51.25
v 51 . 25
187, 873
NAVAL STORES
Eosin (gum and wood):
Production, semiannual total
drums (520 Ib.)
Stocks, end of period
do
i
Price, gum, wholesale, "WG" grade (N. Y.), bulk
dol. per lOOlb..
Turpentine (gum and wood) :
Production, semiannual total
bbl. (50 gal.)_.
Stocks, end of period
do
Price, gum, wholesale (N. Y.)
dol. per gal__
1, 005, 880
891, 850
817, 950
828, 080
8.55
8.65
8.75
8.80
9.25
9. 25
P9.21
.60
.60
327, 910
181, 710
. 72
.72
.72
.72
. 74
P .64
786
55, 330
541
58, 489
527
55, 395
722
60, 424
754
59, 571
937
58, 619
1,083
57, 824
980
53, 594
1,017
52, 571
445
3, 190
465
3, 193
455
472
3,259
462
3,289
439
3, 229
454
3,203
3,240
467
3,210
478
3,228
447
3,214
325, 234
133, 470
268, 342
310, 169
118, 886
262, 682
304, 763
1 19, 467
262, 393
309, 102
245, 855
307, 271
89, 573
251, 266
310, 353
127, 022
233, 363
325, 073
131, 975
224,215
355,012
127,040
213,063
388, 542
129, 907
47, 667
29, 878
74, 698
46, 502
31, 977
72, 430
47, 681
28, 431
64, 371
49, 641
22, 606
69, 182
46. 879
24: 157
68, 982
46, 072
19, 147
72, 512
47,026
46, 746
24, 267
71, 630
49, 362
28, 429
66, 338
53, 958
27, 464
73, 142
55, 769
27, 098
75, 025
371
9, 171
46, 297
358
10, 697
41, 170
2,066
8,317
19, 164
11,047
11,407
34, 753
44, 101
25, 903
11, 038
56, 026
10, 269
51, 260
26, 732
13, 149
65, 710
12, 514
13, 768
37, 253
56, 222
6,179
13, 625
66, 107
63, 560
3532
3 8, 243
3 5] 43g
545
523
542
556
475
521
429
495
382
445
366
346
380
416
440
435
599
532
579
536
551
521
547
524
995
1,337
985
1,323
915
1,307
793
1,223
709
1,150
629
1, 086
593
1,018
575
933
599
924
677
834
»• 669
799
674
806
72, 232
43, 901
40, 636
38, 291
3,868
34, 423
120, 900
54, 046
1,058
52, 987
171
032
607
425
124,960
2,078
41,823
8.75
8. 75
9.00
9.00
.61
.60
240, 580
196, 910
.60
.60
.60
1, 061
52, 752
1, 035
55, 303
941
54, 756
931
55,918
469
3,090
437
3,170
472
3,239
309, 854
123, 883
257, 901
9.00
8. 65
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of Ib
High explosives . . __
do
Sulfur (native) :
Production
thous. of long tons
Stocks (producers')..
do
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
354,916
Production J
thous o f l b
124, 832
Consumption factory
do
269, 246
Stocks, end of month
do
Greases:
49, 251
Production
do
27, 084
Consumption, factory
do
83, 322
Stocks, end of month
do
Fish oils:
840
Production J ...
do
Consumption, factory
do
9,070
Stocks, end of month
do
68, 768
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
595
Production, crude \
mil. of lb. .
537
Consumption, crude, factory J ..
do
Stocks, end of month: t
1,025
Crude
do
1,323
Refined §
...
do
Exports
Imports, total t _ _ __
Paint oils
All other vegetable oilsj . __ _
Copra:
Consumption, factory
Stocks, end of month
Imports
_
Coconut or copra oil:
Production:
Crude
Refined. . . . .
Consumption, factory:
Crude
Refined
Stocks, end of month:
Crude
Refined
_. . . . . .
Imports.
..
__
Cottonseed:t
Receipts at mills
thous.
Consumption (crush)
_ ._
Stocks at mills, end of month
Cottonseed cake and meal:|
Production
...
Stocks at mills, end of month§
Cottonseed oil, crude: J
Production
Stocks, end of month
Cottonseed oil, refined:
Production!
Consumption, factory t
_
In margarine +. ...
Stocks, end of month§t
Price, wholesale, drums (N. Y.)
113,337
23, 987
72, 888
13,410
11,340
223,411
426, 037 i 493, 537
129, 73« 1 193, 161
254,218 1412,194
6, 471
11,074
( 22 )
( 2)
()
thous. of lb_.
do
do
do
42, 984
29, 458
3,816
25, 642
90, 075
21,315
2,746
18, 569
122, 309
24, 502
1,368
23, 134
78, 866
43, 053
9,017
34, 036
109, 314
28, 821
1,410
27, 411
155,012
35, 525
150, 398
33, 892
5,731
28, 160
short tons
do
do
30, 074
15,715
34, 128
23, 030
15, 130
26, 365
29, 646
12, 569
26, 231
27, 480
8,181
19, 201
27, 599
10, 433
27, 726
29, 949
14, 877
33, 603
26, 871
16, 446
31, 106
24, 327
20, 446
24, 558
30, 072
27, 508
34, 016
33,811
21, 808
29, 533
25. 257
16, 133
24, 148
27, 678
16, 053
24, 998
29, 211
16, 579
thous. of lb._
do
38, 337
27, 982
29, 498
26, 618
38,415
35, 863
32, 939
35, 481
30, 122
38, 165
32, 263
34, 925
23, 211
31,097
37, 407
30, 092
38, 365
32, 933
43, 159
30, 698
33, 216
25, 685
35, 537
27, 441
36, 747
28, 899
do
do
43, 428
22, 544
45, 550
27, 788
57, 539
33, 455
50, 243
30, 309
46, 730
27, 072
48, 879
28, 659
35, 503
20, 608
45, 419
28, 561
49, 276
28, 770
47, 974
27, 433
40, 851
22, 382
41, 950
25, 021
43, 613
24, 231
do
do
do
69, 403
16, 249
13, 625
60, 680
10, 691
6,709
49, 372
10, 625
7, 051
45, 345
43, 216
10, 437
9,741
44, 313
10, 950
52, 308
10, 121
52, 343
63, 336
9,448
52, 334
9,314
13, 524
48, 770
14, 648
14, 665
68, 733
10, 344
16, 277
68,715
11,982
237
712
2,390
113
624
1, 879
50
598
1,332
28
470
891
22
356
556
21
270
307
128
207
229
449
250
428
1,243
532
1,140
1,503
684
1,959
short tons
do
334, 973
109, 229
294, 423
146. 087
278, 124
167, 313
219, 851
177, 739
161,713
126, 729
198S062
103, 175
203, 321
121,257
193, 472
188, 910
260, 531
204, 976
thous. of Ib-do
234, 465
183, 105
207, 447
184, 165
200, 632
184, 799
161, 955
129, 705
124, 212
84, 728
94, 884
54, 013
77, 097
42, 249
82, 890
35, 881
do
do
. . . do ..
mil. of lb._
dol. per lb--
183, 279
131,421
35, 314
1,153
.201
188, 791
141, 894
34, 600
1,178
.193
197, 063
167, 032
38, 165
1,175
.203
178, 107
176, 259
38, 113
1,155
.213
151, 578
174, 462
33, 425
1,069
.213
106, 431
139, 760
27, 384
996
.224
78, 738
108, 802
82, 186
147, 206
29, 253
888
.219
of short tons..
do
do
8,884
39, 926
4,402
9,905
9,982
10,318
103,
47,
6,
40,
11,129
34, 006
3, 058
30, 948
18, 019
6,402
1,142
659
2,442
488
609
2,321
119
598
1,842
330, 412
243, 422
320, 340
251, 547
294, 034
245, 510
293, 109
242, 133
165, 418
70, 954
219, 744
105, 742
215, 781
144, 267
196, 923
146, 394
196, 278
141, 494
108, 518
154, 430
38, 980
825
.215
161, 362
148, 136
33, 553
817
.210
161, 193
156, 937
33, 557
713
.203
159, 433
144, 295
28, 524
954
661
.224
P . 206
!
' Revised.
* Preliminary.
Beginning 1955, data include greases (other than2 wool) and both crude and refined products (except that production figures exclude refined lard)- refined
products (not included prior to 1955) are no longer reported separately from crude.
Beginning 1955, data are included with animal fats; see note i.
3 Beginning 1955 data may include
some refined fish oils (not formerly included); figures included for consumption and stocks of cod, cod-liver, and other liver oils are incomplete.
9 States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. 'According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1954—January-March., 305; April-June, 315: July-September, 78: October-December, 81.
jRevisions for 1952 will be shown later.
cf A. P. A. (available phosphoric acid).
§ Includes stocks owned by the Commodity Credit Corporation (beginning January 1952 for refined oil and from May 1953 through June 1954 for cake and meal).
24,141
157, 682
146, 167
29, 997
668
'.204
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March 195.r
1954
January
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Con.
Flaxseed:
Production (crop estimate)
thous. of bu__
Oil mills:
Consumption
_ _ _ _ _ _
_do
Stocks, end of month
do_
Price, wholesale, No. 1 (Minneapolis) _dol. per bu__
Linseed oil, raw:
Production
_
_ _ _ thous. of lb.
Consumption factory
do. _
Stocks at factory end of monthcf
do
Price, wholesale (Minneapolis)
dol. perlb _
Soybeans:
Production (crop estimate)
_ _ thous. of bu.
Consumption, factory
do
Stocks, end of month
_
do
Soybean oil:
Production:
Crude
thous. of lb._
Refined
do
Consumption, factory, refinedcT
do
Stocks, end of month:
Crude
_ _
do
Refinedd*
do
Price, wholesale, refined (N. Y.)
dol. per l b _ _
Margarine:
Productioncf
_
_ thous. of Ib _
Stocks (factory and warehouse) d"1
do
Price, wholesale, vegetable, colored, delivered
(eastern U S )
dol per Ib
Shortening:
Production
thous. of Ib _
Stocks, e n d o f month
_ _ _ _ _ _ _ _ _ _ __do.
1
41, 534
2,266
2,323
3.93
1,954
1,359
3.92
2,079
596
3.99
2,248
1,179
3.88
2,596
1,782
3.63
3,545
1 946
3.47
4,058
2 718
3.41
3, 575
4 009
3.39
2,988
6,085
3.37
2,752
5,292
3.38
2,341
4 550
3.35
50, 439
32, 012
464, 289
.140
44, 419
36, 362
466, 099
.145
38, 784
37, 349
438, 266
.141
40, 343
35, 141
375, 137
.142
44, 293
39, 263
331, 862
.153
50, 223
41, 176
231 572
.160
69, 697
43, 111
218 100
.160
79, 719
53 989
224 903
152
68, 821
41 254
195 183
145
58, 487
44, 051
214 023
.135
54, 165
39, 683
186, 697
T
126
46, 204
34 933
181 927
v 123
20, 778
54, 485
18, 873
56, 948
19, 252
52, 297
17, 649
43, 209
17, 546
33. 454
15, 437
24, 598
15, 361
15, 321
14 795
4,894
11 140
9 218
21 735
37 312
22, 197
50, 740
342, 795
21, 181
44, 613
21 483
33 243
228, 433
191, 788
174, 010
208, 706
186, 529
181, 253
213, 372
188, 570
183, 214
194, 526
180,911
187, 113
193, 327
186, 097
182, 924
171,614
175 831
180, 938
173, 189
127 217
146 845
166, 116
171 296
169 920
125 318
148 712
169 341
235 894
198 863
200 722
239, 625
210 262
204, 223
227, 765
204 180
196, 475
230 957
205 325
192 795
142, 947
99, 466
.192
138,111
95, 000
.185
140, 958
98, 466
.194
142, 208
98, 429
.204
127, 599
103, 331
.204
114, 142
96, 919
.209
132, 221
78 743
.209
117, 683
78 679
.213
73 503
53 722
203
91 115
54 679
203
96, 887
59, 988
.192
131, 959
23, 393
124, 242
26, 516
116, 538
23, 867
118, 586
21,219
102, 844
25, 462
90, 334
24, 643
87, 339
22 810
105, 344
23 762
118 051
19 824
117, 979
23 615
134, 717
19, 952
2,687
4,173
4.00
2,519
3,183
3.89
52, 087
42, 280
481, 025
.148
1
r
3.3i
109, 016 118 602
66 755
80 090
.195
p 195
116, 346
27, 279
T
124 476
2 23 763
.283
.273
.273
.273
.283
.283
.283
.283
283
270
.267
273
p 273
132, 504
92, 000
155, 909
93, 443
178, 279
88, 576
180, 323
83, 881
177, 934
96, 309
151,717
115, 786
112, 336
98, 826
160, 463
104, 414
164 422
96 260
182 323
108, 083
186, 148
106, 657
178, 888
122, 760
172 515
119 826
104,632
39, 877
64, 755
100, 013
39, 915
60, 098
117, 808
46, 792
71,016
124, 629
46, 778
77,851
123, 071
45, 275
77, 796
131, 926
46, 531
85, 395
118,024
41, 182
76, 842
121, 584
45, 042
76, 542
114 934
42 925
72 009
107 498
43, 390
64 108
103, 132
43, 448
59, 684
93, 884
41, 950
51, 934
2,747
5,367
563
412
2,816
5,168
598
486
3,301
6,257
662
524
2,716
6,478
554
428
2,812
5,370
483
401
3,323
6,416
431
430
1 894
5,193
271
371
2,962
7,134
366
548
3 430
7 840
362
586
3 074
7,520
332
416
3,096
7,350
'316
508
3 662
6,470
329
452
30, 842
30, 941
17, 646
40, 636
28, 475
9,661
24, 535
29, 987
33, 376
19, 148
39,810
28, 587
11,215
25, 134
35, 421
37, 252
19, 958
46, 303
32, 796
10,855
26, 381
31, 567
36, 889
17, 892
43, 413
31,055
11,473
25, 448
32, 805
35,039
18, 630
42, 163
30, 152
12, 138
25, 500
29, 592
33, 250
18, 174
43, 814
31, 988
10, 344
23, 722
21, 680
28, 086
13, 371
36,
486
r
28, 004
9,760
22 342
28, 824
31, 808
18, 073
34, 341
27, 540
9,396
26, 581
33, 519
37 352
19, 588
44 389
27, 411
9,767
27, 773
33, 057
39, 196
21, 132
48, 970
27, 943
9,702
32, 671
2
PAINTS. VARNISH, AND LACQUER §
Factory shipments, total
Industrial sales
Trade sales
_ _
thous. of dol__
- do
do_ _
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous of Ib
Molding and extrusion materials
do
Nitrocellulose sheets, rods, and tubes
do
Other cellulose plastics
do
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
Alkyd resins
Rosin modifications
Miscellaneous resins
_-
do__ _
do
do
do
__do .
do
- do
32, 893 ' 33, 010
36, 495
35, 205
21, 281
20, 344
46, 532
49, 773
»•r 28. 487
30, 285
10, 259
9,209
36, 105
33, 204
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial) , total J
mil. of kw.-hr__
Electric utilities, total
do _
By fuels
do
By water power
__
_ _
do
45, 478
39, 423
30, 524
8,899
40, 887
35,211
26, 647
8.564
45, 166
38,918
28, 998
9,921
42, 857
36, 835
26, 925
9,910
43, 529
37, 429
27, 079
10, 350
44, 975
38, 901
29, 315
9.586
45, 969
40, 077
31, 319
8,759
47, 196
41, 167
32, 825
8,342
45, 529
39, 547
31 743
7,805
46, 709
40, 456
32, 624
7,832
46, 464
40, 217
32, 101
8,116
Privately and municipally owned utilities _ _ do
Other producers (publicly owned).
- do
33, 227
6,196
29, 478
5,733
32, 719
6,199
30, 913
5,923
31, 007
6,422
32, 535
6,366
33 279
6,798
34 274
6,893
32 978
6,569
33, 989
6,467
33 889
6,329
Industrial establishments, total
do
By fuels
do
By water power, _
_ _ _ do
_
Sales to ultimate customers, total (Edison Electric
Institute) t
mil of kw.-hr
Commercial and industrial:
Small light and power
do__
Large light and power
_
do
6,055
5,664
391
5,676
5,291
385
6,247
5,781
467
6,021
5,573
448
6,100
5,672
427
6,074
5,681
393
5,892
5 556
335
6,030
5,709
321
5 981
5 678
303
6,253
5,922
331
34, 235
33, 112
33, 032
32, 885
32, 483
33, 119
33 845
35, 045
35 149
6,104
15, 668
5,902
15, 294
5,794
15, 734
5,802
15, 865
5,805
16, 075
6,119
16, 440
6,626
16, 167
6,795
16, 920
6 786
16 996
49, 887
43, 427
34, 379
9,048
50, 404
43 955
34 526
9, 429
36 285
7,142
36 294
7, 661
6,247
5 876
371
6,460
6,040
421
6 448
6 139
309
35, 108
35, 392
37, 093
6,503
17, 385
6,264
17, 571
6 937
18, 131
r
440
459
399
439
354
Railways and railroads
do
397
374
345
386
346
344
359
9,719
9,239
Residential or domestic
do
10, 163
8,321
8,163
8,942
8 425
8 588
8 723
8 740
9 200
10 203
612
Rural (distinct rural rates)
_ __ __do
606
663
945
756
818
894
1,170
1,236
720
637
] 118
395
352
342
311
273
389
Street and highway lighting
do
290
282
364
417
305
328
787
792
768
747
769
Other public authorities
do _ _
763
773
797
813
798
807
820
47
53
48
49
Interdepartmental
do
53
56
57
55
49
57
47
57
Revenue from sales to ultimate customers (Edison
Electric Institute)!
thous. of dol__ 611,624 596, 954 589, 223 585, 598 579, 131 587, 473 603, 767 616, 706 620,917 618, 364 620, 306 644, 528
T
2
Revised.
* Preliminary.
1 December 1 estimate of 1954 crop.
Beginning January 1955 excludes quantities held by consuming factories. Comparable data for December 1954
(units as above): Margarine, 26,960; shortening, 119,597.
cTRevisions for 1952 for linseed oil and soybean oil and for September 1951-September 1952 for margarine will be shown later.
§Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
{Revisions for 1952 for electric-power production are shown in the October 1953 SURVEY; those for electric-power sales and revenues, in the October and November 1953 issues.
March 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
SUEVEY OF CURRENT BUSINESS
S-27
1955
1954
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
ELECTRIC POWER AND GAS—Continued
GAS
Manufactured and mixed gas (quarterly) rd1
Customers, end of quarter, total
thousands
Residential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers total
mil of therms
Residential (incl. house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers total thous of dol
Residential (incl house-heating)
do
Industrial and commercial
do
Natural gas (quarterly ):cf
Customers end of quarter, total
thousands- _
Residential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers, total - _ _ _ _ mil. of therms
Residential (incl house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers total thous. of dol
Residential (incl house-heating)
do
Industrial and commercial
do
5,996
5 557
436
1,123
794
320
149, 015
111,429
36, 718
5,876
5,447
427
808
502
299
109, 536
78 500
30, 400
5 831
5 408
421
536
280
252
77 386
52 728
24 239
21, 183
19, 462
1,696
17, 940
7,688
9,599
884 848
564 400
304, 253
21, 220
19, 546
1,648
13, 198
3 755
8,873
575 082
314 607
246 605
21, 344
19 707
1,611
11,237
1?577
8 989
410 366
166 266
328 550
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
9,302
5,909
5,797
7,918
8,370
8,556
7,949
9,547
Production
thous of bbl
6,986
5,434
6,607
5,162
8,886
7,239
8,112
8,646
7,011
7,138
Tax-paid withdrawals
_ _ ____..
do
11, 658
9, 605
9,498
10, 406
11, 541
10, 680
11, 391
11,846
Stocks, end of month
do
10, 779
Distilled spirits:
9,523
14, 405
16, 387
13, 120
13, 876
14, 636
8,747
13, 905
Production
_
thous. of tax gal
15, 787
Consumption, apparent, for beverage purposes
12, 671
12, 528
15, 736
13, 780
15, 365
14, 519
13, 753
15,803
14, 975
thous. of wine gal
10, 156
9,604
12, 718
8,650
12, 143
12, 029
9,805
11,853
Tax-paid withdrawals
thous. of tax gal
13 487
861, 381 862, 917 864, 231 864, 016 864, 004 864, 343 863, 563 861, 034 854, 556
Stocks, end of month
___ _. _
do
1,456
1,529
1,336
1,389
1,694
1,520
1,496
1,761
Imports
thous. of proof gal
2 006
Whisky:
9,020
8,301
10, 029
5,741
9,579
9,862
Production
--thous. of tax gal
9,139
5,057
6 355
5,315
4,878
6,272
4,129
5,732
5,748
5,998
Tax-paid withdrawals
_._do4,898
7,292
717, 441 718, 413 718, 516 718, 726 719, 567 720, 713 721, 020 719, 114 715 191
Stocks, end of month _ . __
do
1,328
1,218
1,395
1,288
1,388
1,551
Imports
thous. of proof gal
1 316
1 616
1 834
Rectified spirits and wines, production, total § J
5,745
5,533
7,400
5,457
6,851
6,605
5,304
7,091
thous. of proof gal._
7,852
6,349
4,8&
4,6&
Whisky
do
4,825
5,996
5,823
4,506
6,126
6 957
Wines and distilling materials:
Sparkling wines:
233
99
147
59
223
109
Production J .
thous. of wine gal
186
49
117
69
84
8:
95
74
Tax-paid withdraw alst _
do
67
112
159
97
1,217
1,060
1,272
Stocks, end of month J
__do
1,458
1,418
1,297
1,478
1,449
1,335
23
27
28
29
44
Imports
___
do
44
41
35
53
Still wines:
1,286
1,398
1,477
Production:}: _ _
do
1,112
1,403
936
891
3,398
26 985
12, 353
10, 038
9,120
9,072
9,841
10, 443
Tax-paid withdrawals?
do
10, 469
9,873
11, 899
193, 413 179, 769 170, 754 159, 755 150, 766 140, 525 130, 885 123 334 139 287
Stocks, end of month J
_
do
322
313
404
332
494
582
Imports
do
459
424
364
1,556
1,670
2,128
486
Distilling materials produced at wineries!
do
1,590
593
5,501
61, 975
9,020
DAIRY PRODUCTS
Butter, creamery:
Production (factory) J
thous. of lb. _ ' 118, 730 ' 116, 570 r 143, 275 ' 141, 955 r 164, 520 r 160, 855 ' 129, 685r 109, 355 r 92, 600
294, 047 304, 233 346, 542 375, 584 421, 997 468, 453 503, 921 508, 476 488,618
Stocks, cold storage, end of month
do
.659
.658
.651
.583
.577
.578
Price, wholesale, 92-score (New York).. dol. per lb-.575
.579
.595
Cheese:
r
r
r
T
r
109
575
r 101,
320 ' 100, 400 * 120, 280
Production (factory), total J .
thous. of lb
*
158,
515
127,
180
131,
790
155,035
91
815
r
73, 750 ' 75, 080 ' 91, 490r 101, 410 r 126, 325 r 124, 255 r 100, 160 r 84 005 r 67 135
American, whole milkf
do
427, 464 424, 657 450, 299 487, 209 521, 763 567, 541 607, 993 613, 238 613, 146
Stocks, cold storage, end of month, total __
do
American, whole milk _ _. _.
do
397, 990 396, 344 426, 049 460, 566 494, 770 538, 051 572, 290 578 765 580 089
Imports
do
3,162
2,233
4,163
4,851
2,562
4,236
4 510
2 934
4 972
Price, wholesale, American, single daisies (Chi.403
.393
.383
.375
cago)
dol. perlb—
.371
.370
.369
.372
.376
Condensed and evaporated milk:
Production, case goods: t
r
r
r
r
1,875
2,350
Condensed (sweetened)
thous. of lb_.
2, 100
r 1, 950
2,480
1, 660
1, 730
1,930
2, 570
163, 600 r 157, 40C 194, 90C ' 244, IOC ' 315, 30C r 307, 500 r 265, 000 239 500 188 000
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
r
4,784
Condensed (sw-eetened)
thous. of lb_- r 4,753
4,997
' 5, 373 5,242
4,723
5,010
4,762
5, 134
192, 836 127, 681 r 102, 634 r 127, 708 231, 456 320, 487 * 381, 143 ' 410, 355r 410, 170
Evaporated (unsweetened)
do
Exports:
46
62
Condensed (sweetened)
do
56
77
96
89
22
27
164
8,215
Evaporated (unsweetened)
do
13, 228
8,901
12, 312
11, 397
13, 120
14, 773
11,923
10 488
Price, wholesale, U. S. average:
5.76
5.73
Evaporated (unsweetened).
...dol. per case
5.69
5.44
5.39
5.50
5.45
5 54
5 55
Fluid milk:
T
r
r q 3($
9, 202
Production?
...
mil. o f l b
9, 001 r 10, 683 r 11 280 r 12 999 r 12 600 r 11 558 r 10 474
r
r
r
' 4, 513 ' 4, 744 5, 654
3, 792
Utilization in mfd. dairy products
do
3,711
4,542
5, 528
3 272
3,904
5.11
5.03
Price, dealers', standard grade
dol. per 100 lb
M. 75
4.96
4.72
'4.61
4.58
4.82
4.96
Dry milk:
Production:?
r
Dry whole milk
thous. of lb__
* 5, 850 r 5, 945
6, 025
' 9, 975 ' 10, 500 r 10, 660
* 8, 730 * 7, 175
6,800
Nonfat dry milk solids (human food)
do
' 106, 550r 107, 05C r 134, 80C r 140, 20C r 166, 000 r 155, 000 \r 112, 250 r 83 500
65 775
Stocks, manufacturers', end of month:
Dry whole milk
do
9 604
7 629
8 510
8 692 r IQ 433
11 956
12 910 r 10 783
9 624
r
Nonfat dry milk solids (human food)
do
81, 527 ' 88, 712 r 85, 511 r 83, 977 r 106, 706 ' 112, 120 r 91, 505 ' 71. 584 ' 54, 159
Exports:
Dry whole milk. _ _
do
1,584
2,671
2,826
5,729
4,906
4 322
4 286
4 178
3 724
Nonfat dry milk solids (human food)
do
15, 802
18,685
20, 107
4,655
16, 896
31, 787
8,080
4,782
10, 445
Price, wholesale, nonfat dry milk solids (human
food), U. S. average
dol. perlb..
.152
.151
.149
.146
.143
.142
.145
.151
.153
6,176
6,475
10, 074
5,638
6,142
9,506
6,486
6,440
9,162
26, 958
21, 586
16, 024
17, 792
15, 722
848, 142
2,344
19, 530
15 883
844, 415
3,151
23, 008
10 667
845, 603
2 444
9,263
8,610
712, 017
2 123
11 578
8,907
710 071
2 891
10, 286
6,022
711 854
2 209
10, 036
8,910
9,821
8 868
6,224
5 500
118
192
105
229
1 036
127
85
158
1 259
1 175
65 505
12 299
195 813
20 795
12 726
202 620
119, 756
40, 197
79
544
108
792
i
3 628
12' 282
191 318
733
6 212
' 87, 825 86, 835
96, 975
463, 183 423, 347 ••378,610
.600
.601
.608
106, 900
341, 893
.583
T 85
T
60
595
564
4
94
64
522
492
690
540
953
533
558
82
57
579
549
6
530
89 370
180
61 1W
933 r 548 850
511 r 518 879
664
5 111
.379
.378
.374
.369
2,175
158 750
1,560
151 250
2,030
154 500
2,625
164 000
5,113
355, 473
4,934
290, 624
3,773
206, 519
4,775
143, 494
267
453
10 526
8 307
52
8 227
5 56
5 56
r
5 56
Q 041
3 249
5.03
r Q 10*1
3 044
5.01
T 8 474
2 960
5.03
6,640
66 250
6,100
65 350
7,100
84 800
7,250
95 400
Q G-t K
8 41 ^
' 43, 804 ' 40, 796 r 51, 250
55, 826
r 9 021
2 821
5 354
2 243
6 054
.581
250
460
081
854
.370
5 56
3 524
'4.98
8
884.
4.94
3 130
13 830
.154
.154
.155
.154
Revised.
^Revisions for 1952 appear in the October 1953 SURVEY; those for the 1st and 2d quarters of 1953 are available upon request.
§Data beginning July 1953 exclude production of wines and vermouth; for July 1952-June 1953 such production totaled 88,000 gallons.
{Revisions for July 1952-March 1953 for rectified spirits, etc., and wines and distilling materials appear in the June 1954 SURVEY; those prior to 1954 for other indicated items will be
r
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March 1055
1954
JanuFebruary
j
ary
March
April
May
| June
i
1955
July
DecemOctober NovemAugust September
ber
ber
January
February
FOODSTUFFS AND TOBACCO—Continued
j
FRUITS AND VEGETABLES
j
Apples:
Production (crop estimate)
thous. of bu_.
Shipments, carlot
_ _ _ _ .no. of carloads
Stocks, cold storage, end of month
thous. of b u _ _
1
2~357
14. 943
2, 119
10, 679
3. 061
6, 095
2.394!
3,26"
1.899
l!302
84S
440
490 :
1G2
197
245
806
6. 959
3, 331
30, 896
2, 755
30, 995
10,145
Citrus fruits, carle t shipments
no. of carloads,.
Frozen fruits, juices, and vegetables:
Stock?, cold storage, end of month:
Fruits
"
_ _ ....thous. of l b _ _ T 32S fUO
2 ^ 1M
F rui t juices
.
do
M>3] 10S
"Vfo-pfqnjes
do
Potatoes, white:
Production (crop estimate)
thou 15 of bu
20, 402
Shipments carlot
no of carloads
Price, wholesale, U. S. No. 1 (New York)
2. 981
dol. per 100 l b _ _
9, 270
10, 655
11.202;
11,411
9,121
6,591
4, 736
4, 321
4, 905
7,221
C" ">S"
2'^ 4(
o(.'\ ^
e
-
::i 6-. 3^ f\ 0
45S, 007
1 13, 721 4 f 2 fQ4
r
2H> ,T1
109, ,>
,li>v;
(ft 0^
44i =3t
18,870
93 925
19, 030
2. 981
3. 081
3.500
24, 986
23, 477
30, 062
e
37 t 543
411. T,o
co:, 309
30Q, 06
3:^, 537
698, 084
413, 657
204,319
709,915
399,410
25.3, 837
689, 266
I 9 543
103 773
2, 38,"
r 24, 378
11,549
r
r
r
2, 357
18, 864
9. 342
377, 950 347, 124
248, 001 302, 022
649, 321 5/8,212
i 355 0^9
13, 985
20 528 ""21,040
12, 562
11,893
14,425
15,618
3. 981
3. 375
4. 054
4.835
3.089
3. 400
32,625
27, 764
31, 276
24, 310
21, 841
29, 462
29, 395
i 370 126
10,070
15, 140
r
r
r
3. 663
3. 698
17, 770
P 3. 227
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous of bu
Bnrlov:
Prodnr tion (crop estimate)
do
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial
_ _ _ _ _
_ _ . _ do
On farms
do
Export 15 including malt
do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per b u _ _
No. 3, straight
.
do
Corn:
Production (crop estimate)
mil o f b u
Orindings, wet process
thous. of bu
Stocks, domestic, end of month:
Commercial
_ _
do
On farms
mil of bu
Exports, including meal
thous. of bu._
Prices, wholesale:
No. 3, yellow (Chicago)
dol. per b u _ _
Weighted average, 5 markets, all grades
do __
Oats:
Production (crop estimate)
mil of bu
Receipts, principal markets
thous. of b u _ _
Stocks, domestic, end of month:
Commercial
do
On firms
do
Exports, including oatmeal
do
Price, wholesale, No. 3, white (Chicago) dol. per bu_.
19, 859
8, 613
12, 386
8. 56f,
7, 594
0, 531
11,085
10, 277
7, 119
6, 500
416
422
8. 923
75, 531 !
526
1.520
1.474
1.509
1.441
1.483
1.374
1. 505
1.396
10, 021
21, 389
10,232
25, 032
11,466
24 741
38, 221
35, 338
6, 860
8, 045
33, 793
' 1,473. 7
7,712
1.553
1.521
1 . 553
1.495
4,542
4, 660
15,066
13, 406
186
.814
149, 459
125, 900
r
16, 321
8,975
27, 141
23, 121
3, 160
27,517
165 805
4,201
1.456
1 . 364
1.420
1.290
1. 441
1.350
1.431
1.413
12, 163
21,371
12, 102
53, 835
i 2, 965
11,670
30, 975
10,9541
27, 831
..
19, 423
7, CSf
8, 238
28, 856
17, 168
14,376
9,12
>• 2 35 290
2, 702
872
11,932
20, 050
24, 258
26, 946
5,076
1,809
23, 495
296 695.
2, 791
3,214
1.518
1.456
1.490
1.375
1.456
1. 323
1.397
1. 290
1.429
1.328
1,454
1. 378
11.127
22 798
10,263
25 835
10.326
25,151
10, 041
24, 105
10. 609
29, 369
10,918
21 , 352
21, 704
16, 984
846
40, 663
14,831
50, 873
63,192
6,912
4, 977
3, 853
60.218
2. 070. 2
9 569
62,809'
5,096
18,052
359 3
3,629
20, 560
7,101
15. 945
»• 989 8
5,098
12, 866
1
1.560
1. 502
1.571
1.504
1.585
1.532
1.610
1.577
1.614
1.581
1.652
1.610
1.639
1.601
1.540
1.522
1.481
1.462
1. 522
L450
1.524
1.448
1.495
1.434
4, 886
4,602
5,818
7,241
16, 842
25, 750
10, 638
7,231
7,840
i 1, 500
10,510
4,750
4, 600
4,872
r 2 202, 778
209
118
.763
.770
11,729
24, 900
26. 377
1, 182, 323
345
272
.758
.721
26, 278
19, 992
192
.788
8, 648
447, 258
363
.781
348
.786
779
.851
135, 181
104, 782
118, 669
78, 605
84.516
66, 150
61, 873
48, 757
52,410
36, 159
36, 656
29, 573
11,471
28, 807
10, 373
7,676
145, 678
36, 349
93, 881
29, 233
13, 287
r
8
or>
227
.792
217
.708
2
Rice:
12, 704
8,193
20, 448
__
20, 499
.814
.797
85,457
33, 125
31, 945
28, 489
129, 028
70, 745
127, 276
20, 055
922, 637
701
.839
i 58, 853
California:
Receipts, domestic, roush
. __ thous. of Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of l b _ .
Southern States (Ark., La., Term., Tex.):
Receipts rough at mills
thous of Ib
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) , end of month _ _ _ __ __, _ __ .mil. o f l b Exports
thous o f l b
Price, wholesale, head, clean (N. O.)-_dol. per lb_.
Rye:
Production (crop estimate)
thous. of b u _ _
Receipts, principal markets..
__ do _ .
Stocks, commercial, domestic, end of month ... do
Price, wholesale, No. 2 (Minneapolis). _ _ dol. per b u _ _
65, 802
55, 934
59, 246
54, 741
47, 454
43, 304
35, 968
171,225
243, 252
133, 848
169, 918
84,161
161,955
36. 832
100, 069
37, 382
124,217
51,924
102, 436
48, 217
118, 490
859.7
189, 258
.094
770.2
200, 503
.093
654. 6
162, 158
.093
573.7
88, 483
.090
390.6
99, 510
.090
327.3
47, 048
.085
272.0
42, 229
.086
292
11,002
1.313
433
10, 309
1.249
231
9,811
1.151
667
8,953
1.116
921
8,782
1.101
1,684
8,445
1.061
1,006
11, 708
1.250
11,861
66, 674
96, 857
117,630
109, 027
447, 848 1,113,665
172, 842 216, 034
721,412
197, 656
173, 728
121, 645
62, 941
98, 056
50, 954
113,344
361.3
74, 435
.075
821.8
112, 973
.074
1,071.8
98, 694
.083
1,049.6
61, 983
.094
987. 9
44, 623
. 094
v. 094
1,310
12, 115
1. 275
853
12, 047
1.428
1,042
12, 161
1.370
1, 108
11,662
1.321
23, 688
921
10, 9 1C
1.300
1,296
8,984
1.420
419
9,274
1.396
28, 032
19, 823
1
Wheat:
1
Spring wheat
Winter wheat
Receipts, principal markets
Disappearance
Stocks, end of month:
Canada (Canadian wheat)
Commercial
Interior mills,
916.5
elevators,
Merchant mills
Exports total including
Wheat only
do
do
thous of bu
do
.do - _
thous of bu
and warehouses
thous. of bu_.
_ do
flour
__
do
do
20, 715
20, 883
368, 888
366, 017
311,573
303, 727
r
22, 028
205, 936
19, 660
26, 953
r
r
354, 795
1, 127.3
31 5, 984
348, 139
339, 201
T
12, 397
9,613
16, 327
13, 824
105, 576
54, 867
47, 508
195, 401
349, 007
379, 215
365, 638
394, 609
414, 580
335, 421
1 676 6
422, 772
r
295, 060
291, 191
379, 630
104, 778
296 462
14,877
11,677
60. 332
r 228, 245
24, 535
21, 524
901. 9
296, 715
2
331, 619
2 63, 829
2 99, 038
r
20, 768
17, 249
2
2
19, 755
16, 752
r
20, 888
17, 370
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.602
2.642
2.620
2.669
2.577
2.576
2.643
dol. per bu_.
2.324
2.417
2.447
2.379
2.393
2.370
2.153
No. 2, hard winter (Kansas City)
do
2.327
2.105
2.194
2.226
1.852
2.210
1.967
No. 2, red winter (St. Louis)
do
2.545
2.293
2.358
2.544
2.589
2.570
2.537
Weighted avg.. 6 markets, all grades
do
r
Revised.
v Preliminary.
i December 1 estimate of 1954 crop.
2
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for
9 Bags of 100 Ib.; prior to the October 1953 SURVEY, data were shown in thous. of bu. of 45 Ib.
cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden
r
29, 456
22, 438
334, 158
337, 675
413, 494
387, 159
969. 8
i 179. 0
i 790. 7
25, 923
216, 820
354, 877
1 460 2
374, 369
357, 151
348, 267
366, 942
356, 237
2.729
2.443
2.338
2.635
2.756
2.410
2.230
2.610
493, 700
145, 122
315,689
539 152
158, 981
429 474
15,317
12, 325
15, 075
12, 074
20, 924
17, 082
21, 603
17, 527
26, 193
22, 331
2.578
2.352
2.101
2.578
2.695
2.389
2.162
2.659
2.747
2.411
2.147
2.678
2.708
2.439
2.266
2.672
2.758
2.465
2.280
2.646
com).
bins; such data are not included in the breakdown of stocks.
STTEVEY OF CURRENT BUSINESS
March 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-29
1954
January
February
March
April
May
June
1955
July
Deceme m
August SeptemOctober ;j N°ypber
r ber
ber
January
February
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous. of sacks (100 lb.)__
Operations, percent of capacity
__ Offal
_ - __shorttons
Grindngs of wheat
thous. of bu
Stocks held by mills, end of quarter
thous of sacks (100 Ib )
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (1001b.)__
Winter, hard, short patents (Kansas City) do
18, 962
88.6
380,153
43, 971
17,361
81.7
344, 611
40, 222
18, 871
77.0
376, 594
43, 729
17,217
73.5
339, 250
39, 874
16, 685
74.9
327, 804
38, 582
18, 041
77.4
363, 478
41,913
18, 022
77.2
361, 956
41, 902
18, 786
80.4
380, 751
43, 752
19, 733
88.2
397, 086
45, 846
19, 688
88.0
397,719
45, 805
19, 216
85.9
387, 185
44, 656
19, 174
78.3
382, 856
44, 524
1,195
1,074
4,470
1,373
1,510
1,292
4 046
1,289
1,510
1,284
5,232
1,288
1,649
1,749
4 661
1,658
6.335
6.060
6.390
6.095
6.355
6.055
6.400
6.035
6.510
6.135
6.765
6.145
6.960
6.050
6.685
5.995
6.830
6.175
6.925
6.295
6.940
6.235
6.910
' 6. 325
P 6. 755
p 6. 205
546
1,541
2, 245
206
518
1,302
1,844
184
660
1,511
2,320
220
598
1,417
2,040
217
561
1,439
2,165
181
622
1,570
2,309
130
640
1,622
2,296
174
649
1,635
2,736
314
706
1,638
2,878
540
738
1,616
2, 993
939
694
1,602
2,980
815
639
1,583
2,177
355
2,322
23.93
19.83
27.00
22.96
20.02
28.00
22.88
19.81
26.00
23.77
20.62
26.00
23.54
20.44
23.00
23.49
18.20
21.00
23.47
16.12
20.00
23.71
17.88
21.75
25.00
18.10
22.00
25.42
18.84
22.50
26.11
19.63
20.00
26. 21
19.23
21.00
26.12
20.40
p 27. 00
4,712
2,503
3,883
2,098
4, 554
2,450
3,853
2,068
3,380
1,909
3,453
1,991
3,325
1,896
3, 852
2,251
4,743
2,496
5,178
2,746
5,841
3,308
6,119
3, 315
5,519
3,183
24.82
25.45
25.63
26.75
24.79
21.43
19.75
20.50
19.51
18.66
18.39
16. 97
16.51
15.91
17.3
17.7
17.2
18.3
17.5
14.6
14.1
14.1
12.9
12.7
13.6
12.2
12.1
11.7
1,241
1,190
197
1,090
1,032
175
1,149
1,128
188
1,096
1,203
202
1,045
1,133
147
1,200
1,189
90
1,209
1,137
100
1,207
1,391
248
1,290
1,806
631
1,291
1,841
539
1,160
1,323
344
1, 167
1,192
185
1, 223
1, 334
226
20.62
19.14
21.25
20.26
24.25
21. 44
27.75
22. 31
25.88
(0
24.00
0)
21.25
C1)
19.50
17.67
19.50
17.46
19.38
17.50
19.75
17.70
19. 25
18. 05
20.88
20.22
1,836
1,517
1,772
1,609
1,563
1,683
1,641
1,673
1,796
1,897
2, 026
2,120
1,993
762
45
755
57
732
33
706
59
653
64
605
47
530
48
467
43
443
41
478
65
638
78
895, 446
247, 894
1,067
761, 153
219, 002
5,848
886, 182
186, 362
840
828, 596
160, 002
4, 464
838, 154
138, 622
1,250
905, 294
127, 141
1,088
920, 803
122, 333
2,198
919, 606
126, 183
1,650
917, 746
121, 290
3,079
924, 790
137, 718
2,346
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. of animals
Cattle
do...
Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States
do _
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
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 Ib..
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog..
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals, _
Receipts, principal markets
do
Shipments feeder to 9 corn -belt States
do
Prices, wholesale:
Lambs average (Chicago)
dol per 100 Ib
Lambs, feeder, good and choice (Omaha)
do
MEATS
Total meats (including lard):
Production (inspected slaughter)
mil. of Ib
Stocks (excluding lard), cold storage, end of month
mil. of l b _ _
Exports
do
Beef and veal:
Production (inspected slaughter)
thous. of lb._
Stocks, cold storage, end of month
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs) (New York) _ . .
dol. per Ib
Lamb and mutton:
Production (inspected slaughter)
thous. of l b _ _
Stoeks cold storage end of month
do
Pork, including lard, production (inspected slaughter)
thous. of lb-.
Pork, excluding lard:
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Exports
do
Prices, wholesale:
ITams, smoked, composite
dol. per i b _ _
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production (inspected slaughter)
thous. of lb_.
Stocks, dry and cold storage, end of montht-.-do
Exports
do
Price, wholesale, refined (Chicago)
dol. per lb_.
800
81
85 6
44, 567
563
1,521
294
.396
.392
.398
.408
.405
.417
.414
.438
.443
.450
.45f
.460
53, 274
10, 808
55, 672
9,445
52, 190
8,897
48, 262
8, 135
51, 950
9,450
52, 385
8,448
53, 001
7,867
55, 324
7,359
56, 119
7,741
52, 466
8,518
54, 704
58, 810
8 978
881,313
702, 169
830, 303
727, 839
676, 709
725, 640
667, 645
700, 693
822, 728
915, 733 1,071,719 1, 153, 238 1,050,606
658, 662
393, 307
5,136
526, 049
413, 507
4,407
628, 446
418, 283
3,832
547, 809
420, 917
4,200
505, 239
384, 643
3,658
538, 092
346, 024
4,016
491, 002
282, 873
5,422
526, 732
228, 738
3,779
622, 033
215,057
2,719
681, 669
233,612
4,995
.660
. 5 10
.671
.574
.669
.626
.646
.611
. 598
.630
.534
.553
.513
.521
.450
. 546
.459
137, 369
65, 689
33, 365
.190
129, 394
58, 065
29, 808
.205
127, 058
47, 818
29, 047
.213
146, 772
50, 460
25, 344
.208
171, 15f
51,349
46, 022
.185
198, 822
75, 160
55.013
.190
47, 393
151,147
42, 779
141, 651
47, 532
146, 651
55, 555
188, 417
64,612
275, 192
64. 74 1
73, 380
40, 480
291, 504 ' 269, 863 249, 767
. 638
.541
162, 245
75, 525
33, 607
.208
128, 867
72, 920
39, 558
.213
147, 106
78, 945
23, 359
.208
131, 394
74, 024
42, 042
.233
125, 254
69, 278
50, 908
.205
37, 325
266, 626
35, 734
241, 692
41, 189
217, 456
39, 205
184, 743
43, 216
167, 499
21. 75
20.75
901, 498 912,239 883 371
177, 078 ' 208, 380 193, 405
6, 718
3, 280
.431
.673
.550
24. 46
20.46
847
59, 601
11,460
r
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of lb._
Stocks cold storage, end of month
do
Price, wholesale, live fowls, heavy type, No. 1
(C hicago)
do! . per Ib _ _
Eggs:
Production, farm
millions
Dried egg production
thous. of lb._
Stocks, cold storage, end of month:
Shell
thous. of cases
Frozen
_
---thous. of lb.
Price, wholesale, extras, large (Chicago)
dol. per d o z _ _
r
19, 156
384,216
r 9, 714
799, 131 843, 80!)
340, 874 r 448, t)45
4. 037
6, 692
r
. 55(
.412
225, 8o<
104 12f
57, 324
'.173
.449
771,981
500, 477
i
p. 5371
.431
. 425
203,886
124 391;
p. 163
i
.250
.280
.300
.220
.240
.190
.165
.185
.175
5, 470
1,698
5,476
1,865
6,605
3,140
6,271
3,104
6,071
3,178
5,251
2,388
4,766
1,869
4,545
1,215
4,604
953
4,994
792
75
38, 244
135
41, 639
443
91, 940
728
136, 488
1,348
166, 983
1, 639
186, 189
1,435
ISO, 777
1,031
160, 797
833
138, 784
636
117,958
.472
.450
.403
.380
.355
.351
.397 I
. 398
.427
.409
r
. 160
.180
. 175
p. 187
5, 58!
1, 33(
5,771
1, 919
325
M93
94. 658 >• 74, 92S
235
65, 881
5.057
900
.381
r
.334
36, 267
5,518
. 422
MISCELLANEOUS FOOD PRODUCTS
59, 390
85, 262
83, 931
74, 768
48, 719
61,415
79, 619
65, 541 103, 120 101, 740 115,330
99, 814
Confectionery, manufacturers' sales t
thous. of dol._
84, 542
Cocoa or cacao beans:
11,
991
14,
265
17,
485
22,
215
27,
081
43,
394
11,
905
14, 430
12, 488
11,861
17, 024
Imports find, shells)
long tons..
27, 181
.535
.619
.639
.542
.578
.689
.648
.678
.537
.471
r. 47f
Prices, wholesale, Accra (New York)
dol. per lb-_
p. 488
.518
Coffee:
468
454
962
1,219
1, 409
599
1, 060
932
522
818
Clearances from Brazil, total.. ...
thous. of bags
1,629
938
1 OSL
539
485
662
795 !
183
266
146
119
493
363
To United States
do
424
<W(
1,17)
694
829
735
832
1,009
637
820
9-11
765
695
793 !
Visible supply, United States
._
do
729
791
2,275
1,918
979
1,922
1, 098
1,940
1,256
878
660
871
2,084
1, 242
Imports
_ - - _ „ .
.d o
Price, wholesale, Santos, No. 4 (New York)
.855
.725
883
.858 !
.760
.718
. 870
.870
.755
.700 !
dol. per Ib_.
. 720
. 670
. 545
. 68;!
r
1
Revised.
v Preliminary.
No quotation,
t Revised series. Compiled by the U. S. Departm ent of Cornmerce, Bureau of If le Census represen ting facto ry and W£irehouse s tocks of r mdered a ad refinec lard; dat a prior to June 1952
will be shown later.
^Revisions for 1952 and January-May 1953 are shown in the August 1954 SURVEY.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
March 1955
1954
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con,
Fish:
17, 455
Landings, fresh fish, 5 ports
thous. oflb
154, 570
Stocks cold storage end of month
do
Sugar:
Cuban stocks, raw, end of month
1,201
thous. of Spanish tons__
United States:
Deliveries and supply (raw basis) :
Production and receipts:
137, 932
Production
short tons
320, 741
Entries from off-shore
do
52, 886
Hawaii and Puerto Rico
do
»• 506, 364
Deliveries total
do
* 504, 243
For domestic consumption
do
r 2, 121
For export
do
Stocks, raw and refined, end of month
thous. of short tons.. «• 1, 608
631
Exports
short tons
Imports:^
275, 725
Raw sugar total
do
238, 950
From Cuba
do
36, 267
From Philippine Islands
do
20, 151
Refined sugar total
do
13, 694
From Cuba
do
Prices (New York) :
.060
Raw, wholesale
dol. per l b _ _
Refined:
.497
Retail 9
dol per 5 Ib
.085
Wholesale
dol per Ib
10, 004
Tea, imports
thous. of lb__
TOBACCO
Leaf:
Production (crop estimate)
mil o f l b
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 i^af
do
Cigarette tobacco
do
Exports, including scrap and stems
thous. of lb._
Imports, including scrap and stems
do
Manufactured products:
Production, manufactured tobacco, total
do
Chewing plug and twist
do
Smoking
do
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
Tax-free
millions
Tax-paid
do
Cigars (large), tax-paid §
thousands _ _
Manufactured tobacco and snuff, tax-paid §
thous. of Ib-Exports cigarettes
millions
Price, wholesale, cigarettes, manufacturer to wholesaler and jobber, f. o. b. destination
dol. per thous ..
28, 111
138, 468
41,265
112, 288
41, 524
110, 328
59, 452
118, 806
75, 834
140, 009
84, 605
163, 697
73, 274
190, 538
47, 478
202, 228
48, 307
204, 722
35, 270
206, 437
25, 716
194,338
174,023
2,437
3,316
4,341
4,316
3,991
3,712
3,262
2,812
2,637
2,447
2,037
1,712
57, 480
507, 709
108, 657
561, 418
559, 043
2,375
27, 365
522, 494
147, 957
823, 814
822, 844
970
51,311
762 870
287, 257
574, 426
569, 756
4,670
60, 519
617, 552
181,301
659, 133
655, 707
3, 426
56, 392
598, 368
190, 496
808, 299
807, 168
1,131
44, 495
544, 041
159,787
772, 780
770, 000
2,780
96, 464
759, 214
228, 846
792, 402
792, 000
402
131, 000
471, 248
200, 094
792, 383
788, 000
4 383
601,213
426, 594
283, 327
642,314
642, 000
'314
1,612
745
1,479
276
1. 625
1,039
1, 625
291
1,484
458
1,239
439
1,108
439
929
474
1,261
351
1,748
467
r 1, 927
305, 487
236, 902
66, 165
35, 595
29, 570
363, 956
282, 575
81, 336
54, 938
50, 062
428, 730
292, 522
136, 203
51, 375
45, 753
331,129
227, 304
103, 825
57,212
52, 728
370, 023
201, 573
162, 623
60, 048
50, 110
285, 305
165, 368
115, 160
64, 165
60, 609
328, 689
231, 782
91,932
40, 555
39, 455
282, 688
160, 492
86, 036
2, 585
540
155, 555
120 246
35, 309
2,492
640
118, 165
77, 843
29, 774
859
103
101,403
87, 990
3, 051
679
50
.061
.063
.062
.061
.061
.062
.061
.060
.059
.062
. 060
p. 060
.498
.085
11, 580
.499
.086
10, 783
.503
.086
18, 079
.502
.086
13, 984
.502
.086
9,828
.502
.086
5,786
.500
.086
5,765
.502
.085
7,114
.498
.085
6,599
.498
.085
7,175
.497
. 085
8,494
.498
p. 085
797, 114 549, 214
202, 728 215, 486
134, 861 146, 234
636, 664 * 671, 196
633, 207 r 669. 122
3,457 ' 2, 074
690
2,513
317, 409
77, 333
553,916
552, 000
1,916
1,798
i 2, 200
' 4, 242
4,540
4 084
370
353
'321
301
3,969
3,546
3, 755
4, 269
4, 773
30, 390
8, 125
19,019
7, 875
18
183
21,715
9,133
27, 560
9, 528
28, 593
8, 701
17
167
26, 787
9, 188
28, 964
8, 280
29, 262
10, 300
17
149
45, 852
9, 848
98, 549
8,855
58, 315
8, 969
17
186
39, 278
7, 640
15, 502
6, 796
5 549
3,, 157
15, 561
6,389
6, 078
3,093
18, 476
6, 865
7, 900
3,711
17, 369
6, 723
7, 356
3, 290
17, 243
6, 906
7, 030
3,307
17, 883
7, 435
6, 953
3, 495
14, 557
6,411
5, 962
2,184
18, 363
7, 196
7, 612
3,555
18, 86f
7, 105
8, 361
3, 399
18,252
7,021
8,214
3,017
16, 983
6,857
6, 933
3,193
14 556
5, 689
5, 764
3, 104
2,700
28, 858
401, 693
2, 638
26, 676
406, 560
2, 865
32, 295
476, 514
2, 485
30. 499
445, 991
2, 487
31, 863
483, 650
2, 798
34, 998
510,197
2,759
28, 959
434, 978
2,501
34, 568
526, 817
3, 395
31, 964
503, 475
2,472
31, 593
501, 498
3,298
29, 699
573, 184
2,805
26, 651
425, 958
14, 997
1,274
14, 688
1,183
18, 079
1,252
17, 402
1,415
16, 944
1, 339
17, 643
1, 310
14, 275
1,273
17, 902
1,006
18, 487
1,200
17,219
1,342
16, 790
1,432
14, 842
1,399
3.938
3.938
3.938
3.938
3.938
3.938
3,938
3.938
3.938
3. 938
3.938
3.938
!
j
3.938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins. .
thous. of lb_
Calf and kip skins
thous of pieces
Cattle hides
do
Goat and kid skins
do
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Calfskins packer heavv 9^/15 Ib
dol perlb
Hides steer heavy native, over 53 Ib
do
LEATHER
Production:
Calf and kip
thous. of skins
Cattle hide
thous of hides
Goat and kid
thous. of skins
Sheep and lamb
_
do
Exports:
Sole leather:
Bends backs and sides
thous of Ib
Offal, including belting offal
do
Upper leather
thous. of sq. ft
Prices, wholesale:
Sole bends light f o b tannery
dol per Ib
Upper, chrome calf, B and C grades, f. o. b. tannerv
_
. . . . - ..
_dol. Der so. ft.
T
Revised.
1
8,232
123
20
2,051
1,087
7,436
59
112
1,550
898
9,372
54
50
1, 839
2, 158
13, 492
26
13
2,440
3,288
14, 633
101
10
2,268
3,757
11, 554
153
33
2,166
2,219
10, 491
161
38
2, 163
1,538
10, 866
63
46
2, 265
2,213
8,879
106
13
2,414
1,097
8,713
142
23
1,876
909
9,560
147
109
2, 365
901
7,125
55
45
1, 836
628
.413
.120
.413
.103
.413
.108
.413
.108
.475
.128
. 455
.118
.425
.123
.350
.133
.300
.123
.325
.113
350
.123
325
.098
801
1,953
2,262
1,669
791
2,015
2,330
1,870
762
2,117
2,732
2,219
712
2, 039
2,149
2,001
706
2,016
2,124
2,172
751
2,038
2,477
2,141
634
1,643
2,078
1,613
783
2,010
2,121
2,320
730
1, 959
1,920
2,036
787
2,009
1,951
1,873
945
2, 071
2,078
1,959
986
2,187
2,186
1,923
21
29
3,160
57
23
3,440
27
29
2,733
78
58
4,950
93
15
3,779
48
116
2,951
90
39
2,725
23
37
3,183
33
6
3,723
50
18
3,360
66
48
3,592
61
39
3,574
.665
.660
.660
.660
.690
.680
.670
.650
.635
.628
.600
.595
p . 595
.985
.948
.950
.962
.985
.988
,988
.955
.908
.863
.898
.877
P . 870
*> Preliminary.
December 1 estimate of 1954 crop.
c? Revisions for 1952 are shown in the April 1954 SURVEY.
9 Data represent price for New York and Northeastern New Jersey.
§ Revised to represent data based on number of stamps used by manufacturers; revisions prior to May 1952 will be shown later.
r
_
P .325
P .098
SUEVEY OF CUKRENT BUSINESS
tfarch 1955
Jnless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-31
1955
1954
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
>hoes and slippers :f
Production total
thous of pairs
By types of uppers:
All leather
do
Part leather and nonleather
do
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By kinds:
Men's
do
Youths' and boys'
do
Women's
- do
Masses' and children's
do
Infants' and babies'
do
Slippers for housewear
do
Athletic
_
_ _ _ _ _
_do_ _ _
Other footwear
do
Exports
do
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt
194749-100
Women's oxfords (nurses'), side upper, Goodyear
welt
1947 49-100
s
48, 424
42, 377
43 702
49 812
44, 675
38, 850
43, 533
41, 051
48, 523
42, 795
42, 883
41, 630
44, 165
34, 890
7 487
35, 182
8 520
39, 508
10 304
34, 440
10 235
31, 713
7 137
36, 135
7,398
34, 290
6 761
39, 898
8,625
34, 217
8,578
34, 016
8,867
32, 797
8,833
36, 426
7, 739
39, 509
40, 488
45, 704
40, 401
35, 059
38, 772
36, 154
41, 737
35, 787
35, 349
34, 763
39, 939
45, 477
8,044
1,489
20, 594
6 090
3 292
2,321
285
262
239
7,812
1,473
21, 901
6,053
3 249
2,641
281
292
411
8, 579
1,732
25, 301
6 372
3 720
3, 560
274
274
370
8,060
1,563
22, 300
5,307
3 171
3,682
284
308
484
7,140
1,527
18, 656
4,873
2 863
3, 359
268
164
272
7,812
1,734
20, 722
5,370
3 134
4,346
280
135
306
6,783
1,658
20, 791
4,856
2 066
4,561
228
108
280
7,848
1,953
23, 065
6,122
2,749
6,315
293
178
347
7,508
1,685
18, 351
5,513
2 730
6,447
288
273
367
8,089
1,621
17, 611
5,262
2,766
6,939
331
264
403
7,876
1,451
16, 621
5,733
3,082
6,427
290
150
328
8, 934
1,585
19, 606
6,345
3,469
3,757
337
132
283
9,041
1,914
24, 605
6,432
3, 485
2,429
331
187
110.3
110.3
110.3
110.3
110.0
110.0
110.0
110.0
110.0
110.0
110.0
110.0
p 110.0
117.5
112 3
117.5
112 3
117.5
112 3
117.5
112 3
117.5
112 3
117.5
112 3
117.5
112 3
117.5
112 3
117.5
112 3
117.5
112 3
116.8
112 3
116.8
112.3
» 116. 8
v 112.3
41, 270
354, 922
45, 861
282, 608
57 341
294, 520
68, 063
298, 175
63, 188
281, 350
2,830
521
2, 309
2, 853
3,074
542
2,311
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
Exports, total sawmill products
M bd. ft
Imports, total sawmill products
do
National Lumber Manufacturers Association :©
Production total
mil bd. ft
Hardwoods
do
Softwoods
do
Shipments, total
do
Hardwoods
do __
Softwoods
do
Stocks, gross (mill and concentration yards), end
of month total
mil. bd. ft
Softwoods
do
44, 792
137,219
74,212
181, 590
70, 262
233, 015
65, 723
215, 384
69 742
188,115
65 298
255, 505
49, 128
340, 991
2 749
643
2 106
2,604
526
2,079
2 901
680
2 221
2,808
612
2,196
3 358
690
2 668
3, 353
599
2,754
3 310
660
2 649
3,387
603
2,784
3 273
634
2 639
3 169
565
2 604
3 116
617
2 499
3 293
524
2 768
2 671
648
2 023
2,797
540
2,257
2 887
592
2 295
2,913
517
2,395
3,240
584
2 657
3,202
540
2,662
3 349
601
2 748
3,330
599
2,730
3,148
557
2,591
3, 068
545
2,523
3.083
543
2,540
3,074
545
2,529
9,132
3 311
5,821
9,221
3 379
5,842
9,227
3 470
5,757
9, 183
3 528
5 655
9 288
3 598
5' 690
9 111
3 690
5 421
•8, 959
3 746
5,213
8,929
3 821
5,108
8,967
3 865
5 103
8,934
3 841
5 093
9,054
3 879
5,175
9, 063
3 877
5, 186
9,094
3 856
5,238
813
777
763
779
1,002
21 335
8,490
12.845
863
855
791
778
1,011
39 609
19, 937
19 672
1 033
865
963
1,013
961
40 917
15, 285
25 632
944
763
941
1,037
898
27 592
5, 866
21 726
951
874
858
831
925
36 218
13 991
2? 227
884
899
712
850
787
30 393
10 329
20 064
369
895
342
365
791
9 506
3,188
6 318
455
867
440
470
757
13, 534
3,975
9, 559
660
778
752
735
774
16 119
4,872
11 247
802
718
882
850
782
24 571
10,078
14 493
817
680
881
846
831
33 151
13 645
19 506
96?
742
877
889
819
32 448
8,398
24 050
825
768
863
794
949
75 180
76. 951
81. 592
81. 779
84. 482
86 849
83. 699
f 82. 999
v 83 590
126. 671
127. 683
132 953
131, 361
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 timberj
do
Boards, planks, scantlings, etc.J
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4", R. L.
dol. per M bd. ft.
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M bd. f t _ _
Southern pine:©
Orders, new
.
.
__mil. bd. ft_
Orders, unfilled, end of month
_ _ do _
Production
_
_
_ _ _ _
do
Shipments
_ _
_ __do
Stocks, gross (mill and concentration yards), end of
month _ _
_
mil. bd. ft.
Exports, total sawmill products _ .
M bd. ft__
Sawed timber
.
_ _ _ _ _ _ _
do
Boards, planks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6" x R. L.
dol. per M bd. ft._
Flooring, B and better, F. G., 1" x 4" x S/L
dol. per M bd. ft._
Western pine:©
Orders, new _
mil. bd. ft.
Orders, unfilled, end of month
do
Production
_
do
Shipments
do
Stocks, gross, mill, end of month
..
do
Price, wholesale, Ponderosa, boards, No. 3 common,
1" x 8"
dol. per M bd. ft
73. 395
73. 941
75. 054
74. 767
124. 950
125. 922
125. 922
125. 767
125. 767
125. 440
126. 671
595
201
684
596
680
251
687
630
742
257
761
736
693
238
714
712
735
261
690
712
892
355
707
798
832
331
725
856
728
297
682
762
711
290
664
718
700
276
666
714
683
259
680
700
662
239
726
682
702
276
666
665
2, 064
2,121
6, 380
1,528
4,852
2, 146
5,512
923
4 589
2,148
6,414
1,601
4,813
2,126
6, 806
1 564
5 242
2 035
8,043
1 770
6 273
1,904
7,022
1,798
5 224
1,824
6,329
1,202
5 127
1,770
5,867
1 573
4 294
1,722
8,427
2 897
5 530
1,702
8, 605
3 135
5 470
1 746
7,442
3 104
4 338
1 747
3, 986
1, 268
2,718
131 361 p 131. 360
74. 359
72. 092
72. 271
71. 030
70. 268
70. 633
74. 624
74. 327
75. 218
75. 923
155. 379
155. 379
154. 154
152. 929
151.471
151.471
150. 981
151. 557
151.680
152. 170
472
366
395
447
1,822
512
383
444
496
1,770
662
418
568
628
1,710
673
427
638
664
1,684
675
410
720
692
1 712
793
463
724
740
1 696
715
499
635
679
1 652
785
516
791
768
1,676
754
459
851
811
1 716
825
422
818
788
1 746
694
382
679
654
1 771
668
439
604
611
1 764
71.71
70. 90
71.01
70.64
70 16
69. 36
70 65
71. 51
71 62
71 38
72 07
r 71 90
78. 02]
i
1
' 78. 199 v 78. 470
152. 170 ••151.839 p 151. 550
597
485
491
551
1 703
p 71 QQ
HARDWOOD FLOORING
Maple, beech, and birch:
3, 850
4,200
Orders, new
M bd. ft
4 550
4 350
5 650
3 900
5 150
4 050
4 300
5 200
3 950
3 700
4 850
9,300
Orders, unfilled, end of month
_
do
9,450
10, 000
10, 450
11 150
10 550
11 300
12 000
11 150
11 380
11 650
11 700
12 550
3,950
Production
_ _
do _
3,90C
4,600
3,950
3,950
3,450
4 750
4 800
4 300
4 450
3 450
4 400
4 000
4 650
3,750
Shipments
do
3,650
3 900
3 950
3 750
4 850
4 650
4 400
3 900
3' 950
3 500
4 000
Stocks, mill, end of month
_ _
do
9,750
9,850
10, 500
10, 650
9 500
10 350
8 875
8 500
9 200
n'oso 11 050
8 200
10 350
Oak:
Orders, new
do
80 206
89 079
84 824
99 618
99 934
78 781
95 444 104 462 100 481
91 449
89 816 116 741
81 496
Orders, unfilled, end of month
do
54, 743
68, 085
74, 554
76, 534
71,364
66, 643
79 782
73 118
77 983
73 083
64 301
65 157
87 013
Production _ _ _ ._. _ _ _ _ .do
77, 282
90, 062
75, 518
89 459
92 604
86 999
90 587
96 999
99 590 100 488
97 746
97 834
93 476
Shipments
do
73 151
75 737
89 853
90 926
95 213
86 688
99' 597 100 172 101 216
93 690
94 988
88 960
94 885
Stocks, mill, end of month
do
68, 289
68, 070
62. 495
66. 173
52. 966
47. 984
47. 256
49. 524
57. 375
54. 383
51. 268
6l! 090 57. 486
r
Revised.
*> Preliminary.
tRevised from 1950 forward to reflect adjustments to 1953 benchmark materials; 1950-52 annual totals and monthly data for January-September 1953 will be shown later.
©Revised monthly data (for production, shipments, and stocks; also orders, except for all types of lumber) are available upon request as follows: Total, all types, January 1950-February
1953; Douglas fir, January 1952-February 1953; Southern pine, January-December 1951; Western pine, January 1950-February 1953.
{Revisions for 1952 for exports of Douglas fir sawmill products will be shown later.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March 105:
19 55
11)54
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging) :*
Shipments (market) , quarterly total
M sq. ft., surface measure
Inventories (for sale), end of quarter
do
Softwood (Douglas fir only), production*
M sq ft ^6" equivalent
167, 888
34, 681
358, 393
318,019
376, 994
164, 857
30 741
355, 285
342, 385
266 451
205, 325
30, 451
' 178,411
29 266
141 689
207 060
386 812
392 579
394, 659
392, 810
384
140
149,
29
636
938
686
448
405
188
147
31
050
674
345
796
415
166
137,
20
036
290
891
651
383 198
153, 558
153, 263
41,256
591 949
325, 765
128, 106
27, 695
4
2
2
4
6
729
717
Oil
814
510
5
2
2
5
6
362
939
423
356
509
393, 101
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports totalO 9
short tons
Scrap
do
Imports, total 9
do
Scrap
do
315,013
62, 316
86, 632
1,325
300 433
66, 790
70, 839
2,016
315 967
103 464
86, 651
1, 355
4,974
3,241
1,733
5,123
7,004
4,806
3 040
1,767
4 912
6,940
5,103
3 181
1,921
5 194
6,811
4,893
2 974
1,919
5 133
6,571
3, 068
1,749
7,041
2, 982
1, 653
8,399
3,117
1,597
9,920
4,466
3,059
11,327
0
6,996
41, 974
34, 797
7,178
846
0
5,787
36, 386
29, 661
6,725
795
0
5 932
30, 587
24, 553
6,035
844
110
92
872
932
488
360
65
103,
3
844
419
650
121
270 706
40 561
123,409
11 073
327 602
102 562
140, 176
14 650
343
100
139
22
611
114
629
033
Iron and Steel Scrap
Production and receipts, total* thous. of short tons
Home scrap produced*
do
Purchased scrap received (net)*
do
Consumption total
do
Stocks consumers', end of month
do
r
r
r
218
965
253
224
315
4 557
2 633
1 924
4 378
6 494
4 770
2 701
2 069
4 664
6*599
9,818
10, 573
10, 580
11,610
12 399
9,790
10, 994
11,987
8,796
10, 295
10 823
8,269
8 913
9 333
7 848
6,776
8,070
6,554
3,272
4, 101
5,726
2,907
1,896
6,737
2,786
1,587
8,024
1, 525
5,287
26, 142
20, 690
5,452
932
9 952
5,376
29 563
24, 147
5,416
1, 119
10 608
5,396
34 996
29, 187
5,809
1,496
11 016
5, 155
40 723
34 537
6,186
1 540
9 555
4 895
45 733
39 199
6, 534
1 691
7 951
4 620
49 753
43 083
6 670
1 904
7 25?
5 398
51 868
44 980
6,889
1,736
2 918
5 845
49 975
43 065
6,911
1 711
18
6,341
44 018
37, 427
6,591
1,178
6, 620
37 470
31 360
6,110
74
98
93
"83
65
55
71
47
93
59
865
936
492
842
1,047
553
826
995
528
775
943
516
804
987
556
829
821
450
830
935
542
811
921
534
789
943
552
760
997
547
745
1,074
564
85, 565
70, 288
38, 266
81,579
69, 078
37, 792
74,219
84, 342
47, 125
69, 094
74, 515
39, 102
67, 040
67, 856
37 306
60, 163
72, 820
41 121
63, 711
50, 893
25 243
62, 494
59, 259
34 528
66 742
58, 01 5
33 929
71,090
64, 321
36 956
80 686
70, 030
41 609
85, 004
87, 934
49 005
5, 580
5, 525
4,811
4. 809
4,959
4,892
4, 503
4, 505
4,624
4,691
4,724
4,813
4,626
4 469
4,567
4 495
4,462
4 486
4, 984
5,061
5,257
5 336
5,587
5 570
5, 785
P 5,851
2, 764
2, 829
2, 858
2,809
2, 729
2,620
2,762
2,843
2, 743
2, 640
2, 533
v 2, 520
p 2, 447
56. 0/5
56. 00
56.50
56. 03
56. 00
56. 50
56. 03
56. 00
56. 50
56. 03
50. 00
56. 50
50. 03
50. 00
56. 50
50. 03
56. 00
56. 50
56.03
56.00
56.50
56. 03
56.00
56 50
56 03
56.00
56 50
56. 03
56. 00
56. 50
56 03
56. 00
56 50
50. 03
56. 00
56. 50
56. 03
•p 56. 00
p 56. 50
56 0
122, 758
93, 577
20, 058
116,520
88, 699
17, 750
122,310
92. 271
15,502
105,788
78. 754
10, 70S
94, 610
70, 590
9, 337
100, 022
72, 881
8, 590
75. 848
53, 207
5, 815
89, 590
66, 792
9,344
88, 359
04, 722
8 668
87, 085
64. 004
8,580
87, 659
64, 812
7, 742
93, 547
09, 843
11,714
637. 9
138. 9
101.5
37.4
539 2
126.9
94.2
32.7
480 5
130.2
95. 5
34. 7
459 0
1 1 5. 8
80. 4
29. 3
430 6
107 1
80. 9
395 4
96 8
74.4
22.3
410 1
102 2
77.2
25 0
409 0
109 4
81 7
96 9
409 2
113 1
80 9
20. 9
389 0
113.0
86.0
27.0
461 9
119 7
89.3
30 4
128 5
90.4
32.0
7,951
7, 083
74
7,290
69
6, 971
OS
7, 473
71
7, 304
72
6,628
63
6,667
63
6,807
67
7,702
73
8,089
79
8,287
8,838
83
8,50
8
. 0524
. 0524
. 0524
. 0524
. 0524
. 0524
.0539
.0541
. 0541
. 0542
.0542
. 0542
. 0542
054
72. 00
.0438
72. 00
. 0437
72. 00
.0437
72. 00
.0437
72. 00
.0437
72. 00
. 0437
74.00
.0452
74.00
. 0452
74.00
.0452
74. 00
. 0452
74. 00
. 0452
74. 00
. 0452
74.00 .0452
30.50
28. 50
25. 50
26. 50
29.50
29. 50
28.50
29.50
30.50
32.50
34. 50
go "Q
5
2
2
5
6
090
951
140
350
315
5
2
2
5
6
r
5,866
3 066
2 800
5 520
6 852
6, 185
3 290
2 896
r 5 685
T
7 349
P
P
p
P
v
6, 084
3 398
2 686
6 004
7, 282
Ore
Iron ore:
All districts:
Mine production
__
thous. of long tons
Shipments
do
Stocks, at mines, end of month
do
Lake Superior district:
Shipments from upper lake ports
do
Consumption 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
0
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders, unfilled, for sale
thous. of short tons
Shipments, total
_.
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale.short tons
Shipments, total
_ do .__
For sale
do
Pig iron:
Production
thous. of short tons
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons..
Prices, wholesale:
Composite
dol. per long ton
Basic (furnace)
do
Foundry, No 2, f. o. b. Neville Island
do
Steel, Crude and Semimanufactures
Steel castings:
Shipments, total.
short tons..
For sale, total
_ do
Railway specialties
do
Steel forgings:
Orders unfilled for sale
thous of short tons
Shipments for sale, total
do
Drop and upset _
do
Press and open hammer
do
Steel ingots and steel for castings:
Production
do
Percent of capacityj
Prices, wholesale:
Composite, finished steel.- _
dol. per Ib
Steel billets, rerolling, f. o. b. mill
dol. per short ton..
Structural steel, f. o. b. mill
dol. per lb_.
Steel scrap, heavy melting (Pittsburgh)
dol. per lone; ton__
r
p 30. 50
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
3,141
3, 066
3,538
3, 238
Orders, unfilled, end of month
thousands. .
3.101
3, 208
2, 256
3,160
2,939
2,586
2,217
2.726
2, 198
1,892
1,681
1, 600
1,950
1,908
2,038
Shipments
_ _
_-do__.
1,782
1,848
1, 785
1, 868
1,797
1,902
1 742
71
73
67
62
68
72
112
Stocks. end month of
_
-do
109
103
67
90
110
r
Revised.
*> Preliminary.
*New series. Data for hardwood plywood are compiled by the Lr. S. Department of Commerce, Bureau of the Census; they cover all known market producers of hardwood types, except
as indicated.
Douglas fir plywood production is compiled by the Douglas Fir Plywood Association,
Data presented are total industry figures, based on reports from plants controlling, on the average,
approximately 90 percent of industry capacity. The monthly totals are estimated from weekly reports by prorating split weeks on the basis of a 5-day workweek, with allowance for generally
observed holidays.
Data for production and receipts of iron and steel scrap are compiled
)mpilcd by the U. >S. Department of Interior, Bureau of Mines; data prior to 1953 are not available for publication.
OIn the 1952 edition of the export schedule, certain items (pip
)ipe fittings, welding rods, bolts, fabricated structural and other shapes) were transferred from the steel-mill products to the
metal manufactures category. The data through 1952 as shown ini the 1953 edition of BUSINESS STATISTICS were adjusted to include exports of these commodities for comparability with the
earlier data. Exports beginning January 1953 as published in the March 1953 SURVEY and subsequent issues exclude these items which averaged 21,300 short tons per month in 1953.
9 Revisions for 1952 are shown in the April 1954 SURVEY.
JFor 1955, percent of capacity is calculated on annual capacity as of January 1, 1955, of 125,828,310 tons of steel; for 1954, data are based on capacity as of January 1,1954 (124,330,410 tons);
SURVEY OF CUEKENT BUSINESS
March 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-33
1954
January
February
March
April
June
May
1955
July
August
Septem- October Novem- December
ber
ber
January
February
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
Crowns production
Steel products, net shipments:
Total
Bars* Hot rolled all grades
Reinforcing
Semimanufactures
Pipe and tubes
Plates
millions
thousand gross
thous. of short tons
do
do _-- do
do
-do_ _ _
Rails
Sheets
Strip* Cold rolled
Hot rolled
Structural Chapes heavy
Tin plate and terneplate
Wire and wire products
do _.
- do
do _do. ..
- do
- do
do
--
' 264, 751r 260, 199 r
r 161,450 ' 158, 093 r
' 103, 301 pr 102, 106 r
r 224, 623 225, 743 r
291, 392 >• 324, 039
164, 625 rr 188, 262
126, 767 135, 777
252, 080 r 278, 428
r
r
r
r
r
405, 152 ' 522, 293r
317, 666 '381,176
180, 705 r 224, 254 r 249, 376 r 376, 530 r
136, 961 r 156, 922 T 155, 776 r 145, 763 rr
276, 313 ' 339. 473 * 368, 035 T 477, 256
457, 983
328, 454
129, 529
408, 315
r
r
r
r
361, 676
236, 275
125 401
319, 669
273,616
166, 975
106, 641
239, 881
283, 386
170, 125
113 261
247, 688
279, 614
170, 068
109 546
240, 131
1,089
24, 581
1,207
26, 572
1,410
31,680
1,386
31,285
1,308
29, 767
1,449
32, 026
1,209
28, 679
1,330
27 366
1,283
21, 841
1,328
20, 454
1,219
18, 264
1,218
18 196
1,250
23 871
5,728
569
111
169
664
572
5,365
549
113
165
664
529
5,584
546
125
161
748
544
5,288
479
146
153
765
457
5,423
494
163
136
731
442
5,887
532
211
157
786
421
4,490
444
168
116
674
376
4,681
5,004
471
151
138
694
379
5, 035
5,240
577
140
171
579
398
5 449
6 010
178
1,738
123
127
473
411
292
178
1,519
113
116
438
393
314
166
1,496
112
120
437
475
366
122
1,481
99
111
384
445
375
82
1,539
94
125
353
607
394
108
1,657
107
14C
373
690
423
80
1,347
74
95
350
242
322
446
152
142
715
365
71
1,331
95
109
326
342
351
530
150
141
662
395
63
59
49
1,357
1,633
1,857
103
108
346
580
359
110
130
344
273
360
619
123
200
497
421
623
116
203
578
439
40
2, 054
126
144
331
261
366
128
160
347
270
352
97
2 229
' 133
158
336
419
393
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production primary
_ short tons_
Im ports bauxite
-long tows
Price, wholesale, scrap castings (N. Y.)_.dol. p e r l b _ _
Aluminum fabricated products, shipments, total
mil. of lb_Castings
._- do
Wrought products, total© .
do.__
Plate and sheet©
do
Brass sheets wholesale price, mill
dol. per Ib
Copper:
Production :
Mine production, recoverable copper___short tons..
Crude (mine or smelter, including custom intake)
short tons. _
Refined
- do -Deliveries, refined, domestic
do
Stocks refined end of month
__
do
116,247
444, 137
.0892
110,483
462, 577
.0875
122, 339
474, 966
.0892
120, 434
435, 681
.1037
125, 138
451, 744
.1092
120, 758
457, 748
.1000
126, 161
442, 371
.1000
125, 296
469, 227
.1000
120, 332
413, 265
.1081
125. 089
420, 340
.1100
121,252
423, 395
.1100
127 035
504, 342
.1100
205.4
51.4
153.9
84.3
.417
196.5
51.2
145.3
80.5
.417
226. 2
56.2
170.0
93.0
.417
227.2
53.0
174.2
96.9
.417
216.3
47.7
168.7
94.9
.417
232.3
48.1
184.2
102.0
i .444
209.6
39.6
169.9
94.7
'.444
227.2
42.4
184.8
104.6
1.444
225. 9
46.2
179.7
101.1
1.444
234.3
53.9
180.4
100
8
1
.444
237.0
55.2
181.8
103.8
i .444
253. 3
62.8
195 6
108 6
i 456
P i 455
71, 215
74, 687
65, 307
71, 276
68, 397
71, 455
72, 959
66, 551
51, 668
62, 111
84, 546
111,869
77, 091
108, 187
74, 731
103, 933
89, 017
118, 720
81, 509
118, 065
95, 795
126, 470
77, 830
112,937
104, 579
124, 516
78, 626
108, 723
111,005
82, 124
86, 119
112, 474
106, 252
69, 289
76, 320
107, 193
97, 436
69, 077
62, 047
104, 693
92, 475
58, 648
69, 882
88, 786
89, 198
48, 775
Exports refined and manufactured
do
Imports, total 9
do_
Unrefined, including scrap 9
- do..
Refined 9
- __
do
Price, wholesale, electrolytic (N. Y.)
dol. per lb_.
Lead:
Ore (lead content):
Mine production
short tons
Receipts by smelters, domestic ore
..do ..
Refined (primary refineries):
Production
do_ Shipments (domestic)
do
Stocks end of month
_
_
do
Price, wholesale, pig, desilverized (N. Y.).dol.perlb_.
Imports, total, except mfrs. (lead content) 9
short tons-Tin:
Production, pig§
long tons,Consumption pig, tot<?l§
~
do __
Primary §
-- do
30, 472
34, 790
20, 533
14, 257
.2967
25, 499
55,617
41,155
14, 462
.2967
19, 043
43, 214
31,961
11,253
.2969
31,235
46, 547
32, 867
13, 680
.2970
29,712
51 , 974
32,118
19,856
. 2970
26, 046
81,833
35,316
46,517
.2970
24, 183
62, 228
30, 816
31,412
.2970
27, 121
54, 574
38, 161
16, 413
.2970
16, 783
52, 388
32, 740
19, 648
. 2970
24, 946
26, 202
27, 624
29, 342
29, 531
31, 520
26, 900
28, 508
25, 404
25, 762
26, 253
28, 266
25, 364
26, 975
27, 066
28, 835
48, 518
37, 108
92, 496
.1326
42, 046
36,551
97, 981
.1282
50, 808
47, 837
100, 927
.1294
46, 730
47, 161
100, 441
. 1390
49, 139
40, 183
109, 302
. 1400
42,317
46, 987
104, 626
.1411
35, 716
37, 195
93, 030
.1400
43, 043
46, 957
52, 841
49, 126
62, 089
64,014
2,957
6, 260
4, 060
3,232
6, 350
4,230
3,804
7, 190
4,720
3,207
7,230
4, 850
2, 235
7,210
5,100
Stocks, pig, end of month, total§
Oovornment§
Industrial§
Imports:
O r e (tin content). _ _ _ _
_ _ _ _ _
Bars, blocks, pigs, etc
Price, wholesale, Straits (N. Y.)
Zinc:
Mine production of recoverable zinc
Slab zinc:
Production
Shipments, total
Domestic
Stocks, end of month. _ _ _ _ _ _ _ . _
Price, wholesale, prime Western (St.
do_ do
do
35, 674
22, 767
12, 907
39, 389
26, 646
12, 743
38, 204
26, 650
11,554
33,371
22,152
11,219
-do _do
dol. per I b - _
2,781
6,176
.8483
2,417
3, 987
.8504
1,346
5,413
.9188
short tons.-
39, 637
39, 398
do
do
do
_ _ ...do ._
Louis)
dol. per lb-_
short tons. _
do _.
78, 561
60, 692
54, 860
198, 7J 2
. 0976
66, 323
2, 455
_
128 203
.1129
79, 208
81 417
82 744
79, 231 ^ 97, 619
92 918 r 115,917
105, 293 * 118, 707
37 094
33 290
97, 733
133 523
119, 626
47 108
96,113
123 840
113, 949
45 982
25 867
28, 603
20 508
8, 095
.2970
18, 883
42, 382
32 786
9,596
.2970
23 562
45 608
32 965
12 643
.2970
.2978
25 001
25, 244
25 755
26 884
26 911
29, 107
28 230
29 646
27 837
28 767
44, 089
43 402
84, 429
.1406
47 762
30 891
93 358
.1460
51 276
36 307
95 496
.1497
46 711
34 913
94 387
.1500
46 506
37 017
92 71Q
.1500
44 780
40 451
84 882
41, 494
34, 020
31, 120
23, 536
15, 679
19, 508
1,425
7,400
5,100
2
194
6,300
4,500
2,232
7 000
4,700
2,625
6 700
4 600
2, 636
6 700
4*300
2,439
6 700
4 300
19, 581
6,842
12, 739
12,925
0
12, 925
11,380
0
11, 380
15, 127
2 502
12 625
16. 491
4 406
12 085
17 0?4
4 255
12 769
16 522
2 855
13 667
1,217
5, 021
.9612
16
5, 828
.9353
3,100
6,859
.9421
414
3,924
.9654
2, 562
5,487
.9338
2,286
4,601
.9354
1 808
6, 106
.9304
2 169
6, 450
.9110
42, 248
39, 915
40, 008
40, 391
38, 445
38, 141
34, 178
35,511
38, 338
68, 020
66, 738
57, 781
199,994
71,186
70, 080
66, 929
201, 100
70, 258
70,618
67, 152
200, 740
73,654
64, 566
61,859
209, 828
71,540
80, 244
72, 262
201, 124
70, 749
73, 846
58, 397
198, 027
71,810
76, 584
58, 188
193 253
60, 137
77, 885
64, 548
175 505
67, 047
90, 415
73, 967
152 137
.0938
63, 908
6, 704
.0964
77, 774
1.264
.1025
39,112
2,054
.1029
50, 847
.1096
128, 786
1,239
.1100
57, 827
. 1100
56, 949
.1141
26, 041
2,214
. 1150
22, 250
r
.1370
.3270
1500
.1500
2 019
5, 568
.8857
. 8727
.9077
39, 035
41,518
80,116
97, 617
77, 074
134 636
85. 164
95, 523
74, 900
124 °77
r 86, 076
93, 202
70. 863
r U7 15|
78, 969
99, 964
80, 016
96 1 56
. 1150
31, 205
2 481
.1150
39, 173
3 674
. 1150
. 1150
r
•".
Imports, total (zin c content)
45
194
157
For smelting, refining, and export 9
128
For domestic consumption:
52,419
48, 525
21,439
61,332
40, 594 108, 776
37, 565
45, 885
Ore (zinc content) 9
do
12, 853
10,602
17, 315
17, 608
11,449
8, 679
15,619
15,178
Blocks, pigs, etc
do
18, 771
20, 068
10, 208
10, 907
10, 974
11,520
11,116
18, 184
r
2
Revised. *> Preliminary.
* Specifications changed; not comparable with data prior to June 1954.
Production by secondary plants only.
©Data beginning January 1954 are based on a more comprehensive survey. Comparable figures for• 1December 1953 (mil. Ib.): Total wrought products, 150.7; plate and sheet, 90.9.
9 Revisions for 1952 imports are shown in the April 1954 SURVEY.
§Substituted scries. Compiled by the 17. •?. Department of Interior, Bureau of Mines; monthly data for 1951 and 1952 appear on p. 24 of the March 1954 SURVEY. Government stocks
represent those available for industrial use.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
March 1955
1954
January
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC!
Radiators and convectors, cast iron:^
Shipments
thous. of sq. ft
Stocks, end of month
do
Oil burners:?
Shipments
number
Stocks, end of month
do
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total
number
Coal and wood
do
Gas (incl. bungalow and combination) _ _ do _
Kerosene gasoline, and fuel oil
do _
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 gas, shipments*
do _
2,041
6,126
1,896
6,292
1,732
6,906
1,738
7,453
1, 745
7,696
2,208
7,903
1,937
7,438
3,315
6 765
3,217
6,478
3,354
5 915
2,700
5 400
1,956
5 434
46, 181
75, 110
44, 175
71,251
48, 983
77, 203
50, 350
84, 276
52 781
82, 995
68, 798
80, 845
65, 184
75, 345
90 662
72, 238
102, 888
57, 306
101 916
53, 174
67 660
53, 978
46 882
57, 125
151, 397
4,683
137, 768
8, 946
168, 062
6,110
153, 515
8,437
203, 584
5,643
188, 519
9,422
186, 951
5, 876
172, 762
8, 313
176, 925
3,468
164, 228
9, 229
187, 944
4,206
174, 806
8,932
145, 829
4 351
134, 896
6 582
196, 180
6 294
180, 210
9 676
222, 839
7,708
204, 947
10, 184
216,
7
197,
11
956
320
984
652
190,
6
174
9
328
652
549
127
160, 494
5 586
146, 135
8 773
88, 689
4,471
40, 791
43, 497
74, 542
6,117
33, 364
35, 061
94, 395
7,242
44, 691
42, 462
126, 819
6, 804
77, 109
42, 906
125, 981
6,474
76, 427
43, 080
180, 323
10, 935
111, 796
57 592
203 901
23 443
114, 195
66 263
261,
36
156,
68
936
879
343
714
351, 135
55, 091
205, 345
90 699
417, 185
66 824
257 606
92 755
284
37
195
51
688
823
337
528
110
9
74
26
245
094
513
638
57, 192
30, 927
23, 862
2,403
161, 152
57, 217
30, 505
24, 267
2, 445
171, 490
69, 280
39, 870
26, 827
2. 583
184, 043
72, 488
43, 566
26, 882
2 040
196, 767
82, 462
49, 661
30,210
2, 591
191, 660
95, 359
57, 229
33, 923
4 207
202, 574
92 463
53 116
35 474
3 873
186 528
130 486
75, 062
48 655
6 769
202 990
148, 370
82, 023
57, 503
8 844
201, 405
137
79
50
7
198
107
64
38
4
175
615
312
594
709
550
81
50
28
2
163
130
341
055
734
458
820
022
963
835
001
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders
thous. of dol__
Unit heater group new orders
do
Foundry equipment (new), new orders, net|
mo avg shipments 1947—49 — 100
Furnaces, industrial, new orders, net:
Flectric processing
thous. of dol
Fuel-fired (except for hot rolling steel)
do
Machine tools (metal-cutting types) :
New orders
mo avg shipments 1945-47=100
Shipments
do
Pumps, steam, power, centrifugal and rotary, new
orders
thous of dol
Tractors (except garden), quarterly:*
Shipments, totalO
-- - do .
Wheel type (excl. contractors' off -high way) .-do
Tracklaving
_ _ do. _
49, 495
13, 661
37, 709
14 840
62, 049
14, 586
39,817
16 368
173 8
99 9
82 7
125 3
80 8
86 4
68 8
75 6
68 3
147 5
61 4
113 9
1,356
1,832
994
1,686
2,042
1, 119
1, 262
1, 711
3, 051
2.423
986
3,642
457
973
1 053
1 116
986
1 241
2 403
1 936
1 190
1 534
1 246
4 100
1,148
3 543
173.5
319.4
159. 8
323. 1
169. 6
327.2
142.8
302.7
139. 5
270 3
185.2
276 3
124 7
205 7
147 9
203 7
180. 9
213 4
148 9
191 0
119 5
179 5
' 20? 9
r 203 4
p 203 6
p 167 8
4,057
4,272
5,093
5,319
5,007
5 176
4 733
6 706
5 050
3 828
5 224
173, 955
105, 302
60, 207
211,686
123, 050
74, 731
155, 588
81, 158
63, 041
4 787
170 716
87, 716
69 939
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands
Household electrical appliances, sales billed:
Refrigerators indext
1947-49=100
Vacuum cleaners, standard type
thousands
Washers domestic sales
do
Radio sets production!
do
Television sets (incl. combination), production!
thousands -.
Insulating materials and related products:
Insulating materials, sales billed, indext
1947-49= 100
Fiber products:
Laminated fiber products, shipments©
thous. of doL_
Vulcanized fiber:
Consumption of fiber paper
thous. of Ib
Shipments of vulcanized products thous of dol
Steel conduit (rigid) shipments*
thous of feet
Motors and generators, quarterly:
New orders indexf
1947 49~100
Polyphase induction motors, 1-200 hp:f
IV ew orders
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp:f
New orders
thous of dol
Billings
do
1,788
1,422
1,194
1,391
1,150
1,834
r I 796
2 288
2 481
2 728
2 667
81. 6
195.8
303. 5
1
837. 7
93.0
193. 6
242 9
438.1
r
70 6
185. 4
293 2
785. 5
'73.4
238.2
379 7
1
932. 3
51.0
263.2
339 2
997.8
633.4
i 947. 8
921.5
858.5
i 833. 4
r H(] 7
r 123 9
138 3
r
2 410
1 556
'95.3
221.2
250. 0
872. 0
••90.5
199.0
295.2
769.2
89.0
276. 5
307. 9
1
940.4
'73.1
220.8
258. 7
745.2
' 74.1
209.4
246.9
722.1
420.6
426.9
i 599. 0
457.6
396.3
1
544. 1
307.0
124.0
120.0
r
116.3
r
123. 8
r
8, 345
8,160
9, 593
9,235
8,843
9,521
7, 739
8,857
10, 337
9,528
9, 596
10, 535
9, 426
3,346
1,421
16, 133
3,370
1,451
17, 230
3,850
1, 535
20 306
3, 266
1, 388
20 770
3,431
1,237
21, 784
3,128
1, 236
26 171
2, 566
1, 037
2
28, 544
3,373
1,152
2
28, 076
3,062
1,217
27, 616
3,251
1,301
27 622
2,964
1 350
29 645
3,794
1 540
25 911
4,037
1,571
r
135. 9
152 4
r
124.3
r
T
92 3
' 111 4 ' 123 2
152 5
2
r
129 7
35, 208
36, 304
36, 817
35, 675
33 448
33, 501
9, 533
9, 131
7,958
10, 183
6 755
7,337
2
61.7
' 47 2
250. 1
217.0
237. 9
264 8 p I 074 1
308 4
1,098 7 1 1,261.6 '1,068.1
2
2
p 696. 0
' 654. 6
156 7
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
2, 354
1,939
2,194
2, 816 r 2, 333
2,680
2,204
1,958
2,253
2,117
2,441
1,877
2,226
2, 500
Production
thous. of short tons_
Stocks in producers' storage yards, end of month
1,244
1,328
1,405
1,504
1, 656
1, 384
1,293 P 1,261
1,340
1, 252
1,223
1,293
1,726
thous. of short tons.152
217
147
273
403
193
348
145
359
Exports
do
246
130
240
Prices:
24. 41
24. 62
24.66
24.96
26. 36
26.05
25. 19
26.36
24.40
25.40
26. 36
24.40
Retail, composite 9
dol. per short ton__
13. 588
15. 533
13. 5S8
13. 836
13. 350
15. 533
12. 850
13. 381
13. 713
Wholesale, chestnut, f. o. b. car at mine
do
15. 533
13. 507 ' 13. 657 p 13.726
r
2
Revised.
v Preliminary
1 Represents 5 weeks' production.
Data beginning July 1954 are for 13 companies; earlier data, 11 companies.
t Revisions for oil burners for January-July 1952 are shown in a footnote on p. S-33 of the January 1954 SURVEY; revised data for other items of heating apparatus will be shown later.
cf Data beginning June 1953 are compiled by The Institute of Boiler and Radiator Manufacturers and represent substantially complete coverage of shipments of cast iron radiators and convectors.
*New series. For source of data and brief description, see corresponding note on p. S-34 of September 1954 SURVEY.
tHevised to reflect use of now base period. Comparable data for 1934-53 1'or all scries (except for foundry equipment) appear on p. 28 of the February 1955 SURVEY.
O Includes contractors' off-highway wheel-type tractors.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September and December 1954
cover 5 weeks; other months, 4 weeks.
© Data beginning January 1954 cover 19 companies,
f Data for polyphase induction motors cover 33 companies; for direct current motors and generators, data for 1st quarter 1954 cover 26 companies, thereafter, 27.
9 Revised to represent weighted average price of anthracite stove based on quotations in 6 cities as follows: Baltimore, Boston, Laconia (N. H.), Madison (Wis.), Middletown (Conn.),
and New York.
S-35
SURVEY OF CURRENT BUSINESS
March 1055
1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
February
March
April
June
May
August
July
Septem- October Novem- December
ber
ber
January
February
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous: 6"
Production
thous . of short tons _ _
Industrial consumption and retail deliveries, total
thous. of short tons-_
Jndustrial consumption total
do
Beehive coke ovens
do
Oven-coke plants
do
Cement mills
do
Electric-power utilities
do
Hailways (class I)
do
Steel and rolling mills
do
Other industrial
do
Consumption on vessels (bunker fuel)
Stocks, industrial and retail dealers', end of month,
total
thous. of short tons..
' 34, 365 r 29, 932 * 31, 714
39, 772
31, 436
258
8,050
735
10, 620
1,939
566
9,268
8,336
32, 962
26, 560
106
6,901
624
8,798
1,610
476
8,045
6,402
5
34, 134
27, 969
59
7,298
676
9,614
1,601
532
8,189
6,165
r
r
28, 478
29, 198
26, 477
23, 831
47
6,811
641
8, 435
1,356
381
6,160
2,646
27, 958
24, 487
56
6,658
625
8,438
1,347
411
6,952
3,471
r
r
' 30, 690 ' 27, 707 33, 484
25, 535
23, 256
49
6,593
576
9,029
1,254
339
5,416
2,279
27, 113
23, 491
56
6,396
674
9,456
1,233
320
5,356
3,622
26, 453
23, 585
52
6,427
693
9, 568
1,384
306
5, 155
2,868
24, 937
22, 836
45
6,581
675
9, 133
1,278
315
4,809
2,101
34, 471
r
' 36, 652 37, 158
30, 180
25, 783
46
7,246
740
10, 076
1,375
360
5,940
4,397
r
31, 538
26, 996
54
7,438
719
10,435
1,449
432
6,469
4,542
38, 151
36, 090
35, 500
29, 713
66
7,995
775
11, 633
1,544
506
7,194
5,787
36, 330
30, 097
97
8,258
755
11, 750
1,415
506
7,316
6,233
4
5
29
52
62
55
47
47
54
47
20
2
75, 741
70, 595
69, 432
69, 646
67, 186
68, 566
69, 690
70, 349
71, 032
69, 201
65, 869
69, 611
12, 856
1,071
37, 504
2,049
798
15, 333
68, 606
12, 596
1,090
38, 299
1,839
740
14, 042
68, 803
12, 659
1,144
39, 125
1,811
708
13, 356
66, 286
11, 125
1,123
38, 848
1, 662
639
12, 889
67, 656
11,571
1,184
39, 708
1,657
621
12, 915
68, 764
11,868
1,233
40, 462
1,597
612
12, Q92
69, 455
12, 190
1,287
40, 889
1,496
614
12, 979
70, 109
12, 475
1,373
41,072
1,540
592
13, 057
68, 391
12, 335
1,311
39, 711
1,475
606
12, 953
65, 166
11, 476
1,155
38, 095
1,397
556
12, 487
703
75, 194
72, 033
Industrial total
Oven-coke plants
Cement mills
Electric-power utilities
Hailways (class I)
Steel and rolling mills
Other industrial
do
do
do
do
do
do
do
74, 531
14, 885
1,290
38, 090
2,432
931
16, 903
74, 029
14, 730
1,173
37, 969
2,350
887
16, 920
71, 146
13, 887
1,068
37, 468
2,167
830
15, 726
Retail dealers
do
1,210
1,165
887
984
826
843
900
910
926
894
923
810
1,414
1,294
1,449
2,462
3,100
3,136
2,832
3,333
2,940
3,526
3,092
2,481
15.14
15.13
15.12
14.99
5.681
6.837
5.607
6.787
5.481
6.429
5.403
6.375
4. 538
2 6. 398
164
5,634
387
64
4,824
325
35
5,110
395
35
4,658
386
2,751
1,702
1,049
209
36
2,744
1,649
1,096
222
26
2,719
1, 525
1,194
269
29
14, 75
14.75
Exports
do
Prices:
Retail composite!
dol per short ton
Wholesale:
Mine run f o b car at mine
do
Prepared sizes f o b car at mine
do
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke 9
Stocks, end of month:
Byproduct plants total
thous. of short tons__
- - do
do
_ _ _ do
At merchant plants
- - - - - do _ _
Petroleum coke
do
Exports
- - do
Price, beehive, Connellsville (furnace)
dol. per short ton.,
14.73
14.78
14.89
4. 525
6. 440
i 4. 506
2 6. 586
1 4. 498
2 6. 711
i 4. 493
2 6. 875
29
4,772
379
31
4, 609
371
30
4,591
420
40
4,476
412
2,860
1,579
1,281
299
24
3,012
1,657
1,355
331
36
2,973
1, 609
1,364
355
46
2,843
1,619
1,224
384
25
14.75
14.75
14.75
14.75
2, 563
201, 702
88
214, 620
2,486
198, 440
86
204, 336
2,467
200, 593
89
218, 178
2,298
195, 000
88
208, 408
269, 620 r
73, 068
178, 057 r
18, 495
278, 055
75, 852
183, 740
18, 463
873
21,683
2.820
1,418
17, 259
2.820
14.70
14.70
1
1
2
14.98
15.04
4. 488
2 6. 955
i 4. 484
2 6. 961
15.08
15.10
i 4. 482
r 2
6. 951
* 4. 482
P 6. 951
35
4,456
410
29
5,053
456
33
5, 198
444
41
5,570
471
61
5,738
2,856
1,624
1,231
395
34
2,917
1,693
1,224
402
14
2,851
1, 638
1,213
424
34
2,804
1, 597
1,207
••395
33
2,794
1,624
1, 170
421
50
2,748
1, 654
1,094
14.75
14.75
14.75
14.25
13.75
13. 75
13.75
2,867
194, 037
90
214, 402
2,534
191, 190
87
212, 708
2,298
184, 527
88
208, 155
2,370
190, 198
86
211,851
2,379
190, 367
86
209, 244
2, 293
198, 213
88
224, 382
1
r
35, 100
i
13.75
PETROLEUM AND PRODUCTS
Crude petroleum:
2,599
2, 169
Wells completed^
number
Production J
_ _ _ _ thous. of bbl__ 193, 453 178, 603
91
91
Refinery operations
percent of capacity
Consumption (runs to stills)
thous. of bbl__ 215, 366 197, 914
Stocks, end of month:
* 268, 531 ' 264, 629r
Gasoline-bearing in U. S., total
__ _ _ _do
70, 661
70, QIC
At refineries
_ do
r
178, 596 r 174, 953 r
At tank farms and in pipelines
_do___
19, 274
18, 760
On leases
- do
Exports
Imports
Price (Oklahoma-Kansas) at wells
do
do
dol. per bbL.
1,587
18, 009
2.820
795
17, 623
2.820
r
r
280, 050 r 282, 888 r
75, 503
75,187
185, 570 r 188, 788 r
18, 913
18, 977
1,258
20, 145
2.820
1,372
20, 441
2.820
282, 665
74, 574
189, 123
18, 968
1,073
20, 379
2.820
r
r
277, 929
70, 659
188, 260
19, 010
1,349
20, 454
2.820
r
T
272, 502 r 267, 346 r 264, 566 258, 385
67, 989
68, 292
67, 814
67, 309
185, 568 " 179, 582 ' 177, 659 172, 081
18, 945
19, 472
19, 093
18, 995
509
20, 053
2.820
1, 485
18,451
2.820
1,047
20, 220
2.820
797
23, 066
2.820
* 2. 820
Refined petroleum products:
Fuel oil:
Production:
3 45, 474 3 43, 256 3 45, 204 3 41, 218 3 42, 531 i 41, 966 3 43, 892 3 45, 048 3 45, 415 3 47, 890 3 48, 666 3 51, 718
Distillate fuel oil{
___thous. of bbL
Residual fuel oilf
do 39, 398
34, 215
36, 222
34, 754
33, 691
35, 582
32, 569
33, 749
33, 047
33, 593
33, 131
36, 80f
Domestic demand:
T
r
r
r3
r 3
3T 74, 697 r3r 52, 729 ••354,051
3
38,
105
3
28,
895
Distillate fuel oilj
do
27,
217
3
51,
279
s
26,
864
r
3
29,
203
32,
593
r
3
34,
893
3
75, 848
Residual fuel oil£
do
53, 763
46, 674 r 48, 794 T 42 178 T 38, 994 r 37, 753 r 35, 617 T 36, 934 r 38, 904 r 42, 415 T 46, 045
54, 05f
Consumption by type of consumer:
8,285
4, 783
5,699
4,291
4, 250
6, 456
Electric-power plants
do
4, 904
5,819
5,316
4,446
4,851
7, 668
8,912
7,839
6,921
7,230
7,819
7, 595
Railways (class !)§__.
do
7, 7CO
7,730
7,835
7,818
8,192
7,660
8,467
6,031
6, 381
5,985
5,494
6,289
Vessels (bunker oil) _ _ _ __
do _
6,378
6,475
6,119
6,331
5,981
5,928
6,022
5,916
Stocks, end of month:
a 81, 044 3 70, 390 3 60, 270 361,721 3 73, 58i 3 86, 325 3 101, 657 3116,529 3 128, 061 3 139, 128 3 133, 886 3 108,144
Distillate fuel oil
do_ _
44, 362
47, 474
44, 249
47, 119
47, 009
50, 216
54, 365
Residual fuel oil
__do __
56, 702
56, 332
56, 541
54, 891
52, 105
Exports:
Distillate fuel oil
do ___
1,616
1, 516
1,911
1,275
1, 992
2,176
1,525
1,434
1,711
2,170
2,715
1,849
Residual fuel oil
. do
1,365
1,637
2, ioe
1,756
2,006
1, 793
1,546
1,883
1,275
1,580
1,771
1,720
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
.095
.095
.100
dol. per gal.. .
.097
.092
.092
.092
.092
.090
.096
.102
.096
^ . 102
Residual (Okla., No. 6 fuel)
dol. per bbl__
1.500
1. 150
1.200
1. 450
1.100
l.COO
1.150
1.000
1.150
1.350
1.250
1.400 » 1. 501
Kerosene:
3
3
s
Production
thous. of bbl._ 3 12, 086 «3 11, 542 3 10, 943 3 9, 665
9, 350
9,156
9, 177
9, 357 3 9, 018
3 9, 596 3 10, 619 3 11,796
Domestic demandt_- _ _ __
__
do
12, 682 3 12, 99C 3 6, 893 3 4, 861 * 4, 537
3 18, 287
36,196 3 6, 555 3 9, 261 3 12, 748 s 18, 330
4,920
Stocks, end of month
do
3 22, 013 3 20, 183 3 17, 533 3 19, 656 3 23, 892 3 28, 184 3 31, 953 3 34, 949 3 37, 099 3 37, 140 3 34, 547 3 27, 82(>
Exports. . _ _ _ _ __
_ _ _ _ _ _ _ __ _ _ d o
418
564
584
609
158
229
250
398
80
428
188
96
Price, wholesale, bulk lots (New York Harbor)
.105
dol per gal—
.107
.105
.110
.102
.102
.100
.100
.100
.104
.104
.110
» .110
l
'Revised.
P Preliminary.
Price for screenin ?s for indtistrial use , to indus trial consiimers; no ; comparable with ( lata throLigh April 1954.
2 Price for 1 irge doiru >stic sizes not comparable with data through April 1954. s Beginning January 1954, jet fuel (formerly included with gasoline, kerosene, and distillate fuel oil) is excluded. Jet fuel for December 1954 (thous.
bbl.): Production—from gasoline, 2,819, from kerosene, 736; from distillate, 251; domestic demand, 3,643; stocks, 3,215.
(^Revisions for January-September 1952 and January-October 1953 will be shown later.
t Revised series.. Data represent weighted averages based on quotations in 26 cities for all sizes of bituminous coal.
9Includes nonmarketable catalyst coke. Such production for January-December 1954 is as follows (thous. short tons): 156; 122; 139; 138; 130; 143; 186; 176; 164; 172; 176; 199.
t Revisions for 1952 appear on p. S-35 of the February and March 1954 issues of the SURVEY.
§ Revised to represent all quantities of fuel oil and d'iesel fuel purchased by class I railways (incl, switching and terminal companies), whether for locomotive, station, shop, or other use.
Comparable data prior to August 1953 will be shown later.
SUEVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
January
February
March | April
June
May
July
March 10.>
DecemOctober NovemAugust I September
her
ber
Janu-
February
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Lubricants:
Production.
_
thous. of bbl_.
Domestic demandj
do
Stocks, refinery, end of montb
do _ _
Exports
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
dol. pergal
Motor fuel:
Gasoline (including aviation) :
Production, total 9 . ._ .. - _ thous. of bbl Gasoline and naphtha from crude oil 9
thous. of bbL .
Natural gasoline used at refineries
do
Natural gasoline sold to jobbers 9
- do.. -
1
4,408
2 994
10. 472
965
4,221
2 720
10, 646
1, 188
4,376
3 579
10, 385
1,002
4,204
3 321
9,745
1, 456
4,566
3 208
9, 764
1,281
4,508
3 189
9,599
1,429
4,386
3 419
9,251
1,264
4,563
3 374
9,035
1,341
.190
.190
.190
.180
.180
.180
.180
.180
106, 373 i 97, 330 i 104, 612 i 102, 120
1
94, 336 i 85, 244
9, 633
8,987
2,404
3,099
1
89, 852
Domestic demand 9
do.
Stocks, end of month:
i
163,
532
Finished gasoline
do
i 97, 997
At refineries
do
8,
172
Unfinished gasoline
do
10, 334
Natural gasoline and allied products -..do _ -
Exports (motor fuel, gasoline, iet fuel) §
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol. per gal .
Wholesale, regular grade (N. Y)
do
Retail, service stations, 50 cities
do
Aviation gasoline:
Production, total
thous. of bbl _ 100-octane and above
do
Stocks, total
do
100-octane and above - _ _
do
Asphalt:©
Production
,
.
_
do ...
Stocks, refinery, end of month
do
Wax:O
Production
_ __ do ...
Stocks refinery, end of month
do
Asphalt products, shipments:
Asphalt roofing, total
thous. of squares
Roll roofing and cap sheet :
Smooth surfaced
do
Mineral surfaced _
_.
_ - -do
Shingles all types
do
Asphalt sidings 1
__ . do
Saturated foltsd
short tons
1,954
.111
.137
.218
1
1
1
i 91,851
9,240
3, 521
86, 206 i 101, 549
i 90, 074
8, 861
3,185
1
1
107, 952
1
104,481
i 95, 241 191,956
9,441
9,423
3, 102
3,270
1
107, 893 i 108, 250
1
4,522
3 308
9,230
967
. 180
1
4,475
3 285
9,183
1,180
4,470
3 086
9,475
1,035
4. 544
2 961
9,702
1. 295
.180
.180
. 180
105, 325 i 107, 167 i 105, 896
95, 092 i 94, 798 i 92, 126
10, 487
10, 334
9,828
2,712
3,118
2,973
93, 595
10,612
2, 960
i 92, 249
10, 604
3,043
1
"
-1
•p 180
111,753
1
98, 878
10,099
2,776
103, 866 i 104, 418 '113, 037 i 112,231 1 110, 223 i 104, 706 i 105, 607 i 102, 393 i 104, 258
172, 207 i 173, 060 1 168, 301 1 168, 660 1 156, 526 1 149, 045 i 144,615 1 142, 437 i 141 , 046 i 142, 163 i 146, 679
106, 821 i 104, 344 i 99, 155 i 96, 241 i 85, 569 i 79, 989 i 77, 159 i 74, 786 i 73, 571 i 74, 291 i 80, 970
7 743
8 237
8 479
8 946
8 705
8 721
8 615
8 441
8 553
8 878
8 965
10, 575
14, 038
12, 295
11,447
15, 358
15, 168
15,379
15,868
14J 998
13, 871
15, 703
2, 261
.108
. 135
.216
1,235
1,798
2, 275
.108
.135
.216
.108
. 135
.214
.108
. 135
.218
'r 7, 482 T' 7, 077 r' 7, 685 'r 7. 532 rr 7, 869
5, 987
5, 629
5 841
6 680
6, 113
* 9, 597 r 5, 925 r 9. 899 T r10, 141 r r10,919
* 5, 409 ' 5, 194 >• 5, 450
5, 436
6, 600
2.712
.108
. 135
.216
r
r
r
r
2,341
2,084
2,204
2,384
2,056
2,154
. 105
135
.214
.105
125
.217
.105
.125
.213
.105
. 125
.213
.105
125
.213
.105
. 125
.213
' 8, 599 r 7, 709
r § 748
6 127
T
9 962 r 9 796
r
5 799 * 5, 841
r 7, 966
6 209
r
9 876
r
6, 051
7, 717
6 090
9 506
5, 730
8,561
7 008
9 218
5, 569
8, 490
6 860
9, 268
5, 242
'r 8, 182
6 435
T
9 572
T
5 483
r
r
P 105;
P 125
.211
i
3,447
8,370
3, 956
9,589
4, 895
10, 970
5,392
11, 530
6,888
11, 383
7, 775
9, 579
8,850
8 542
8,726
7,150
7,999
5,912
7,413
5, 702
5,371
6,165
4, 200
7 17.'
442
598
420
619
478
644
434
612
474
663
409
609
433
597
408
571
453
567
450
572
485
589
404
562
2,565
2,846
3,824
4,923
5,374
6 484
5 251
6 029
7,062
6 088
5,108
3 094
3 190
573
673
1,319
89
47, 989
637
670
1, 540
94
93, 417
806
843
2, 175
116
55, 760
1, 005
1,011
2,907
113
58, 865
1,021
1,076
3, 277
114
76, 110
1,146
1,309
4,029
151
89, 561
978
1,110
3 162
115
69 903
1 139
1,324
3 566
147
73 797
1 349
1,553
4 160
153
91 088
1 233
1,319
3 537
144
73 069
975
1,138
2 99f
125
70, 798
554
655
1 885
86
55 553
1 902
85 :
62 720 ;
602
686
PULP, PAPER, AND PRINTING
i
1
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
- thous. of cords (128 cu. ft.)
Consumption
.._...._..
_ . _..do-_
Stocks end of month
do
Waste paper:
Receipts
short tons. .
Con sumption
do
Stocks end of month
_
. .do- .
2,393
2,387
5, 639
620,217
648, 266
454, 246
2,388
2, 191
5, 835
628, 731
639,813
2 292
2,' 473
5,672
719,354
716,052
2, 000
2,371
5, 288
4,867
2,308
2, 475
4, 699
2, 304
2, 266
4,737
2,488
2,515
4,708
2,487
2,414
4, 794
2,701
2, 644
4, 854
686, 600
668, 050
462, 590
662, 742
672, 590
453, 259
692, 151
696,500
447, 988
593, 086
576, 537
466, 326
670, 672
694, 972
440, 130
671,957
683, 164
419, 126
679, 893
702, 283
414, 332
682, 749 T 674, 021
678, 695 r 643, 961
422, 740 T 454 263
1 , 484
56, 703
1. 574
60, 742
854, 19S
204, 781
1, 562
64, 784
841, 999
200, 217
40, 123
202, 546
108,715
1,416
55, 302
743, 809
182, 706
27, 634
193, 596
105, 428
1,605
71, 702
865, 602
207,051
38, 769
203, 727
105, 102
1,505
61,825
802, 452
195, 329
31,407
200,111
104, 055
1,686
74, 840
921, 247
208, 075
34. 620
210, 356
109, 301
1,635 >- 1,494
75, 558
891, 867 779! 533
199, 166 190,937
35, 369
33, 068
207, 820 f 203, 628
104, 053 102, 368
188, 667
53, 150
41,138
4, 873
28, 707
174, 276
51,060
33, 876
4, 315
26, 289
177, 846
49, 317
33, 518
4,008
25, 218
176, 083
49, 791
36, 929
2,995
22, 749
182, 082 195, 442 '157, 626
57, 239
61, 184 r 44, 067
38, 384
32, 020
42, 645
2. 777 , 2, 760
2,975
21,251
20, 852 r 18, 440
2, 035
2. 457
2,557
2,579
4,840
2,645
^2,417
r
5, 070
443, 016
447, 363
1,362
735, 303
1,541
63, 338
832, 420
185, 446
76, 057
210,086
40,182
792,911
199,339
37,841
209, 157
80, 987
200, 064
96, 615
202, 487
159, 946
44, 248
32, 363
3, 657
29, 056
164, 003
44, 329
33, 262
3, 608
29, 494
161,745
43,819
178,010
29, 965
30, 851
14,291
19, 675
26, 896
24, 229
34, 328
30, 680
59, 623
44, 894
49, 790
44, 131
39, 392
53, 394
144,813
16,210
60,617
171,821
178, 770
18, 302
20,451
150, 868
46, 507
54, 606
2,912
76, 531
57, 522
3, 502
152, 845
22, 3C9
66, 2 1C
2, 555
15, 866
3,287
18,710
192, 698
21,413
89, 15
60, 188
3, 585
17,043
163, 559
20, 340
78, 867
43, 738
2,477
17, 670
172, 705
18, 178
80, 693
48, 551
3, 154
21,117
171,727
22, 724
72, 923
51,432
3, 876
19, 951
174, 891
16, 881
83, 849
51, 624
3,201
18, 548
206, 427
19, 078
88, 053
68, 646
3,018
26, 028
169, 498
16, 675
72, 462
52, 242
3, 321
24, 174
2,816
2 6(59
5 215
652, 916
683,827
425 014
WOOD PULP
Production:
r
1,486
Total all grades
thous of short tons
59, 370
Dissolving and special alpha
short tons
^ 807, 395
Sulphate (paper grades)
do
201,593
Sulphite (paper grades)
do
38, 590
Soda
do
201,614
Ground wood
do
82, 246
Defibratod, exploded, etc
do
Stocks, own pulp at pulp mills, end of month:
Total , all grades
short tons. _ 155,081
42. 188
Sulphate (paper grades)
do
33, 457
Sulphite (paper grades)
do
3, 754
So 'la
do
28, 436
Oroundwood
do
Exports, all grades, total
Imports, all grades, totaled
Dissolving and special alpha
Sulphatcc?
Sulphite (paper grades)
Soda
,
. _ . - - _ _ - _ Groundwood
- do
do
do
do
do
__.do-- do
3,048
16, 793
61,837
182,715
35,213
74,031
21,360
19,301
33. 020
3.388
45,513
39,831
107,026
52, 093
37,351
4,373
17,823
63, 66C
47, 105
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
2,043
2,303
thous. of short tons. . ' 2, 168
2,186
2,238
2,272
1, 991
2,214
2,288
2,367
1,014
Paper (incl. building paper)
do
1,066
1,136
1,074
1,C78
1,094
973
1,117
1,090
1,150
Paperboard
do
1,041
923
986
'1,001
1,030
1,045
891
1,040
1,077
993
B uilding board. ._
do
101
106
126
126
130
133
127
132
140
131
T
Rp vised.
y Preliminary.
i See note "3" on p. 3-35.
% Revisions for 1952 appear on p. S-35 of the Februai v and M arch 1954 ssuesof t ie SURVE Y.
9 Revision? for 1952 (old basis) appear on p. S-36 of the Febr iary 1954 SURVEY; i e visions t or 1952 (cc)mparabl(> with dat a for 1953 will be s lown late r.
§ Revised effective with the October 1954 issue of th e SURVE\ to cover itemsind cated.
OAsphal t— 5.5 bbl . = 1 short ton; wax--1 bbl. = I 80 Ib.
cf Revisions for 1951 for saturated felts and 1952 for v"ood-puli imports will be sh 3wn later.
1,649
880] 683 .I"".L_.
214,640
30,043
214,089
92,911
173.972
48, 954
37,132
3,206
18,360
:::::::::':::::::::
i
1
2,294
1,110
1,051
133
r 2, 161
'1,067
'971
123
2 338;
1,134:
l,065i
139'
- -
-
SURVEY OF CURRENT BUSINESS
March 1955
S-37
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
February
March
May
April
June
1955
DecemOctober NovemAugust September
ber
ber
July
January
February
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) :t
Orders, new
short tons
Orders, unfilled, end of month
_
do
Production
do
Shipments
do
Stocks, end of month
._ . _ . _do
Fine paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments _ . _ .
___do
Stocks, end of month
do
Printing paper:
Orders, now
_.
do
Orders, unfilled, end of month
do
Production
_
do
Shipments
do
Stocks, end of month _ _ .
_ _ ._
do
Price, wholesale, book paper, "A" grade, English
finish white f o b . mill
dol per 100 Ib
Coarse paper:
Orders new
short tons
Orders unfilled 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, contract, delivered to principal ports
dol. per short ton
Paperboard (National Paperboard Association):
Orders, new
thous. of short tons
Orders, unfilled, end of month
do
Production, total
__
__ _
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments J
- mil. sq. ft. surface area
Folding paper boxes, value:
New orders
1947-49 = 100
Shipments
do
875, 002
584, 558
883, 841
884, 315
394, 618
800, 817
561,091
832, 975
817, 427
406, 158
939, 598
592, 116
927, 526
916,598
412, 529
843, 494
547, 633
874, 583
878, 354
410, 021
841, 999
533, 638
866, 681
858, 755
417, 941
882, 399
540, 558
869, 849
872, 942
414, 271
814, 525
587,819
758, 760
756, 126
410, 562
881,041
609, 967
888, 960
880 206
421, 584
867, 980
612, 394
861,811
856 917
428, 204
889, 447
603, 520
915,483
907 515
431, 529
871, 786
587, 348
889 438
881 555
447, 029
946 000
609, 000
894 000
895 000
431,000
102, 345
56, 967
103, 041
106, 930
92, 357
100, 984
58, 725
102, 297
101,987
93, 035
114, 482
57, 995
115,847
110, 927
95, 555
108, 483
57, 500
111,501
109, 879
97, 819
108, 140
56, 305
110, 232
107, 488
99, 287
110, 655
54, 190
113, 292
112,059
100, 256
97, 310
64, 215
91, 363
91,221
98, 804
106, 820
63, 587
112, 279
106,813
104, 741
108, 552
63, 230
110,331
107, 736
109, 274
116, 182
62, 695
119, 167
113, 389
110,361
114, 116
49, 457
116, 306
111,713
110, 627
116, 000
55, 000
112, 000
110, 000
107, 000
298, 488
291, 065
306, 062
304, 212
161, 460
265, 291
268, 590
283, 994
279, 074
166, 420
342, 798
294, 740
322,188
323, 037
165, 570
279, 943
258, 238
303, 684
311,678
157, 576
287, 338
249, 515
298, 138
300, 216
155, 498
320, 207
265, 175
299, 890
304, 524
149, 540
292, 019
292, 305
256, 760
255, 785
150,515
297, 809
295, 870
308, 034
306, 948
151,600
307, 601
302, 427
299, 596
297, 900
153, 295
308, 605
294, 558
311,139
310, 482
153, 952
292, 438
290 372
302, 431
303 333
153, 050
351,000
324, 000
322, 000
326, 000
149, 000
13 80
13 80
13.80
13.80
13. 80
13.80
13.80
13.80
13.80
13.80
13.80
13 80
293 628
126, 855
297, 093
290, 916
85, 460
272, 375
127, 052
278, 203
271, 865
86, 525
296, 475
124, 040
302, 944
297, 929
88, 295
276, 225
117, 975
276, 575
277, 423
85, 870
273, 217
112, 185
283, 596
278, 859
91, 116
278, 907
111,330
285, 178
279, 933
97, 445
265, 092
120, 685
252, 002
249, 880
95, 198
302, 502
140, 375
293, 602
289, 863
99, 898
283, 590
138 597
281, 316
280, 946
99, 935
285, 726
136 413
301, 887
302, 127
98, 741
290
132
297
297
96
976
933
084
316
024
297, 000
133 000
288, 000
292, 000
94, 000
476, 151
452, 470
134, 925
457, 927
437, 780
155, 072
515, 482
481, 487
189, 067
5uO, 199
503, 292
185, 974
497, 221
497, 561
185, 634
490, 726
523, 966
152, 394
503, 979
481, 686
174, 687
503, 145
518, 844
158, 988
491, 153
482, 559
167, 582
525, 996
541, 835
151,743
522 109
542 994
130 858
500, 119
505, 987
124, 990
490, 822
466, 253
149, 559
363, 057
96, 284
95, 132
345, 642
88, 197
86, 219
400,311
98, 115
100, 585
414, 877
89, 839
88, 968
422, 157
96 670
98,716
384, 444
96 564
96, 148
338, 471
96 324
96, 597
360, 825
99, 492
98, 503
388, 321
96 592
98, 202
437, 191
110 328
107, 407
420 422
106 479
107' 920
407, 980
109 217
111, 526
383, 520
115 577
113 882
9,178
470, 536
88, 739
356, 455
11,156
488, 503
96, 457
391, 503
8,686
495, 871
85, 178
454, 297
9,557
484, 226
81, 181
399, 824
7, 511
446, 739
72, 300
410, 631
7,927
453, 407
80, 566
438, 833
7,654
481, 612
71, 086
393 102
8,643
508, 703
66, 199
434, 103
7, 033
490, 256
64, 769
396 943
9,954
448, 907
77, 057
415 231
8 513
434, 131
88 372
455 406
6,204
439, 446
76, 917
445 761
7,899
417, 757
131,058
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125 75
125 75
P 125 75
885.4
330.8
939.7
921.7
321.0
926.8
1, 140. 4
997. 4
369, 1
424. 9
1, 064. 4 1,014.6
1, 086. 6
364.2
1,056.5
1, 033. 1
359. 8
1, 054. 6
964. 3
390.3
916.8
1, 044. 0
330.7
1, 068. 5
1, 069. 0
428.8
1, 004. 1
1, 092. 4
390.5
1, 105. 7
1 078.9
343.2
1, 102. 1
1, 067. 3
363.0
1,055.1
1 020 3
450.7
1 013 5
89
89
90
88
90
89
74
92
88
94
93
82
p 14. 00
92
5,815
5,966
7,153
6,952
6,714
6, 785
6,250
7,010
7,242
7,626
7,195
7,051
6,808
174.0
163.7
182.3
167.9
214.7
185.0
198.6
182.2
164.5
165.1
203.1
179.9
173.7
159. 9
199.8
183.9
194.1
180.0
187.2
186.9
168 0
177.2
179 8
168.2
184 6
172.2
826
650
176
878
707
171
1,102
1,101
1,391
1,101
781
644
137
923
714
209
802
661
141
888
754
134
1,408
1,198
941
811
130
860
701
159
971
771
200
38, 069
124, 810
59, 124
52, 412
119, 191
48, 618
55, 970
115,970
49, 432
53, 326 r 55 096
105, 025 r 102 943
45 474
43 557
56 545
100 158
_
1 085 0
523.4
1 043 1
95
PRINTING
Book publication, total
New books
New editions
_.
_ -.number of editions. - do- _ _
do
855
247
894
207
290
210
950
756
194
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption _ _ _ _
_
long tons__
Stocks end of month
do
Imports including latex and guavulej
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
Consumotion
do
Stocks, end of month
do
46, 960
112, 679
47, 140
46, 897
115, 228
42, 645
53, 709
112, 829
47, 721
51, 451
106, 564
49, 855
51, 398
104, 377
55, 983
54, 253
104, 541
66, 698
37, 894
109, 564
40, 614
.204
.200
.203
.214
.213
.231
.244
.231
.241
.265
57, 299
50, 173
180, 839
1,397
53, 356
49, 060
183, 405
2,103
55, 835
56, 060
184, 284
2,923
47, 581
53, 654
174, 983
2,358
46, 554
52, 628
167, 583
2,759
45, 954
57, 195
157, 172
2,032
46, 964
41, 552
162, 944
3,228
48, 807
42, 051
170, 159
3,018
51 384
53, 878
161, 662
2,161
55,644
58, 309
161, 167
3 294
19, 960
19,114
31, 865
21,000
19, 461
32, 393
23, 305
22, 882
32, 148
21, 628
21, 883
31, 359
21, 184
20, 536
31, 105
22, 207
22, 321
30, 845
17, 907
16, 301
31, 304
15,444
17, 660
27, 692
22, 332
19 926
29, 632
23, 444
22 098
30, 395
6,299
7,002
2,891
3,993
7,042
6,308
2,634
3,557
7,981
7,629
3,163
4,350
8,065
8,243
3,131
4, 935
7, 965
8,319
3,020
5,115
8,796
9,079
2,890
6,029
6,360
8,885
2,782
5,949
15, 709
16, 077
15, 906
15, 504
160
7,279
6 269
1,601
4,537
14, 977
155
5,427
8,080
2,527
5,429
15, 218
12, 640
9,985
11 184
.288
.325
55 018 r 58 456
57, 287
64, 130
156 905 r 150 175
2 672
2 908
69 929
67 773
147 213
22 915
22 321
29, 451
T 25 762
r 24 546
r
30 746
25 209
24 973
29 276
7,869
6,266
1. 888
4,251
7 626
6 842
3 124
3,560
8,444
7 347
3,707
3,470
12 799
13 676
14 774
147
141
3 246
2 681
8 706
3 201
2 569
9 299
.273
.354
TIRES AND TUBES
Pneumatic casings: cf
Production_
Shipments, total
Original equipment Replacement equipment
Export
-Stocks end of month
Exports
Inner tubes: cf
Production
Shipments
Stocks end of month
_
Exports
_-
r
--thousands-- do
__do_ _.
_ _ __do
- _-dodo
-_
do
__
__do- _ _
do
dodo
118
106
5,395
6,834
10, 107
50
117
119
5,896
5,617
10, 448
61
116
80
6,399
6,013
10, 869
49
176
184
178
193
6,266
6,001
11,234
5,909
6,002
11, 170
89
104
167
5,739
6 631
10, 379
68
123
136
116
4,132
6 257
8,429
3,773
5 748
6,588
67
73
130
131
4 490
4 034
7 179
65
147
120
3,953
3 087
8 313
62
158
69
169
70
9
8
3
4
040
911
785
967
159
14 949
3 089
4' 133
8 252
Revised.
& Preliminary.
% Revisions for 1947-April 1953 for paper will be shown later; data prior to 1947 for unfilled orders and stocks of paper are on a different basis from revised figures, hence not comparable.
Revisions for January 1952-February 1953 for shipping containers and for various months in 1952 for rubber imports appear in the May 1954 SUKVEY.
cf Data for production, shipments, and stocks have been revised beginning January 1953. Revisions prior to June 1953 are available upon request.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
March 1955
1954
February
March
April
June
May
1955
DecemOctober NovemAugust September
ber
ber
July
January
February
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments
reams. . 166, 452
158, 773
179, 124
163, 553
162, 256
177, 518
142, 262
151,217
173, 046
169, 267
167, 960
171, 087
20. 097
83
18, 751
28, 905
11, 925
21, 730
93
23, 589
27, 045
23, 279
96
25, 681
103
28, 802
11,681
25, 412
10, 392
22, 802
97
28, 632
19, 609
8, 585
25, 467
102
27, 628
8,240
16, 895
78
15, 202
27, 562
10, 091
25, 549
106
29, 062
10, 901
4,720
25, 887
104
27, 133
9, 660
3, 806
23, 841
'98
22, 781
>• 10, 732
r 3, 634
22, 290
99
16, 373
16, 649
377, 536
294, 766
376, 203
382, 387
473, 662
460, 448
514, 238
532, 442
522, 589
527, 964
554, 413
588, 209
537, 984
573, 536
576, 185
589, 340
561, 190
571, 103
557, 097
548, 588
519, 144
464, 080
181,812
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks clinker end of month
thous. of bbl
thous. of bbl_.
do
do
17, 769
74
11,143
25, 869
24,911
17,451
7,203
14,403
6,029
5,274
CLAY PRODUCTS
Brick, unbiased:
Productiont
thous. of standard brick..
Shipments^
do
Price, wholesale, common, composite, f. o. b.
plant
dol per thous
Clay sewer pipe, vitrified: f
Production
short tons
Shipments
- - - do
Structural tile, unglazed:t
Production
- __do
Shipments
do
582, 952
586, 532
28. 430 p 28. 547
28. 033
28. 033
28. 033
28. 151
28. 151
28. 151
28. 193
28. 289
28. 382
28. 382
28. 430
118, 054
84, 965
123,951
138, 364
143, 050
136, 696
139, 563
151, 249
150, 497
135, 475
153, 426
148, 594
162, 363
156, 115
157, 590
148, 169
153, 246
148, 573
140, 320
151,619
100, 596
145, 251
129, 280
67, 871
55, 146
72, 370
64, 521
81, 025
77, 972
83, 21 1
80, 703
83, 272
81, 331
86, 670
83, 562
83, 890
78, 663
84, 626
80, 906
81, 278
77, 095
81, 367
79, 160
79, 699
71, 874
68, 621
64, 351
10,009
8,820
9, 748
8,455
11, 200
11, 923
10, 751
9,291
11, 548
10, 839
11,219
10.810
9,878
11, 386
9,883
10, 634
10, 843
10, 079
' 8, 486
11,018
9,252
10, 958
9,164
8,824
805
779
1,364
1,145
1,365
1,037
925
1,098
1,511
1,121
829
767
833
2,843
2,593
3,392
2,519
2,869
2,803
2,948
3,724
3,211
3,033
2,670
2,514
3,016
347
514
937
2, 262
878
234
350
549
913
2,175
930
166
600
916
1, 358
3,013
1,096
184
776
817
923
1,985
933
193
1,003
1,168
1,051
2, 255
932
196
1,268
1, 234
1,033
2, 398
971
214
912
1, 133
856
2,039
343
677
1, 165
2,412
1,012
303
325
586
1,408
2,360
2,282
392
596
847
2,620
1,003
243
310
561
1,304
2, 301
944
245
506
677
1,012
848
217
525
900
950
2,512
1,023
286
111
289
940
214
11, 520
12, 563
11,991
13, 099
13. 745
13, 708
14, 329
14, 360
13, 299
13, 684
13, 423
12, 862
13, 264
5, 180
5,651
4,963
5, 654
10, 272
6, 075
6,152
r » 5, 932
5,122
4, 768
9,852
9,297
9,036
5,780
6,270
8,535
5,489
4.888
9,181
4,568
4,237
9,450
5,492
4,897
10, 356
5,355
5,064
9,980
2,750
3,122
3,802
3,148
2,987
3,503
4,175
3,180
2,853
2,752
121, 607
GLASS PRODUCTS
Glass containers:
production
Shipments domestic total
General-use food:
thous. of gross _
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. of gross. _
Beverage (returnable and nonreturnable)
thous. of gross. .
Beer bottles
do
M^edicinal and toilet
Chemical household and industrial
Dairy products
do
do
do
Other glassware, machine-made:
Tumblers:
Production
thous. of dozens. _
Shipments
do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of dozens. -
4,399
6,067
8,850
5,131
3,943
4,616 ' 6 5, 220
8,652
8,751
2, 827
2,60f
5, 399
2,966
10, 333
9,458
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous. of short tons__
rrpUUCUOIl
__
frtfol
Gypsum products sold or used, quarterly total:
TJncilcined
short tons
Calcined:
For building uses:
a. e cpa i
AII fh
f "T""^
Vi °IH
Lath
Tile
Wallboardcf
Industrial plasters
508
1 854
1,690
881
2, 261
1 89^
1,140
2,381
547, 398
687, 950
733, 922
372,016
437 736
12, 25"
493, 276
13, 98^
266, 4K
688, 52C
An
" "
do
thous. of sq. f t _ _
do
do
short ton^
1
10 909
193, 391
517, 84f
6 710
935, 205 I
2,070
224,71'
64,018
I
634, 857
7, 668
1, 044, 22C
62. 087
8,335
1,070,718
60, 138
I
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
thous. of dozen pairs. .
Men's apparel, cuttings:* \
Tailored garments:
Suits
thous. of units..
Overcoats and topcoats
do
Trousers (separate), dress and sport
do
Shirts (woven fabrics), dress and sport
thous. of doz_.
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
13,126
14, 274
12, 628
11,810
1
24,512
1, 732
276
4,848
1
295
5, 520
1,412
320
4, 800
2
1,668
11,850
1,692
21,840
2 256
1,520
2 256
2372
348
39:
Women's, misses', juniors' outerwear, cuttings (quarterly through 1953) :*
2,442
3,187
Coats
thous. of units.. 2 2, 200
2 19,332
26, 870
20, 350
Dresses
do
2 1,639
1,774
1,843
Suits
do
1,432!
1,152
1,249
Waists, blouses, and shirts
thous. of doz.__
r
l
2
Revised.
P Preliminary.
Data cover a 5-week period.
See note marked
August 1953 SURVEY. cTIncludes laminated board (reported as component board) also
12,215
10, 724
13, 790
15,120
1, 524
392
4, 464
i 1,630
i 510
i 4, 440
944
280
3,120
1, 660
480
3, 840
i 1, 655
1440
1,476
11,430
1,184
384
360
1, 542
26, 720
74'
1,189
771
24, 465
475
1,036
1345
i 385
288
276
392
364
1,650
2,217
16, 5771
1, 203
2,751
20, 429
1, 257
1,234
21,091
971
1,150
i 4,380
1435
1395
2,452
17,157
874
1,170
14,121
12, 335
14, 588
4,224
r 4, 272
i 2, 050
i 320
i 4, 980
5,904 ; .
1,552
r 1, 728
i 1,715
1,840 ! _
360
'364
1340
i 265
1,456
352
408
352
2,269
17, 593
738
1,200
1,073!
"*" for change in sample coverage beginning January 1954.
sheathing and formboard.
1,576
3324
2, 463
18,511
1.158
1, 140|
1, 848 .
296'.
2,035
18, 675
1, 464
986
{Revisions for 1952 are shown in the
are based on reports from 2,500 establishments accounting for about 90 percent of total shipments in 1951. Data prior to 1952 for all series and for January-December 1952 and January 1954 for
men's dungarees and waistband overalls will be shown later; data for 1952 (except men's dungarees, etc.) are shown at bottom of p. S-38 of the December 1953 SURVEY.
•[Data for March, June, September, and December 1954 coverb 5-week periods and for other months, 4 weeks.
« Includes cumulative revisions for 1954 through May.
Includes cumulative revisions for June-August 1954.
SURVEY OF CUEEENT BUSINESS
March 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-39
1954
January
February
March
April
May
June
1955
July
August
Septem- October Novem- December
ber
ber
January
February
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
_
thous. of running bales _
Crop estimate, equivalent 500-lb. bales
thous. of bales
Consumption^
bales
Stocks in the United States, end of month,
total!
thous. of bales. _
Domestic cotton, total
_ _ _ _ - do. On farms and in transit
_ do _ _
Public storage and compresses _. _
do
Consuming establishments
do
Foreign cotton, total
do
Exports
_
_
bales
Imports 9 - - do ._
Prices (farm), American upland 1
cents per Ib
Prices, wholesale, middling, Ms", average 10
markets
cents per Ib
Cotton linters:!
Consumption
thous of bales
Production
do
Stocks, end of month
do
2
1 16, 119
16, 317
389
1 694
5 691
9 670
2
678, 472
16, 465
685 546 5 844 092
12 439 * 13 039
1
13 405
4
5
667 443 5 gi5 315
13 569
703 697 5 sol 748
711 286
659 300
645 472
778 558
541 553
' 15, 713 14, 673
«• 15, 653
14, 610
' 1, 839 1,360
'r 12, 105 11, 462
1, 709
1 788
'60
63
13,411
13, 346
1,082
10, 495
1 769
66
12, 362
12 287
906
9 698
1 683
75
11, 397
11 316
868
8 907
1 541
81
10, 189
10 112
606
8 150
1 356
9,576
9 500
255
8,071
1 174
76
20, 125
20 046
10, 760
8 304
982
79
19, 721
19 650
7,719
10 862
1 069
71
19, 431
19 367
5, 286
12 733
1 348
64
18, 820
18 761
3,441
13 803
1 517
59
17, 500
17 436
1,977
13 824
1 635
63
16, 463
16 401
1,190
13 445
1 767
62
296, 651
6,503
30.1
385, 420
12, 866
30.4
429, 659
16, 258
31.1
422 048
24 163
31 6
336 120
11 679
32 2
434 934
8,177
32 3
227, 855
8,719
32.2
189 585
9,941
34 0
199 322
6, 538
34 6
350 753
6 635
34 7
389 524
6,898
33 2
496 566
10 129
32 7
32 5
31.7
33.2
34.0
34.2
34 2
34 4
34 2
34.4
34 2
34 5
34 3
33 9
34 1
34 2
34.2
113
222
1, 430
95
197
1,457
5 QQ
8
189
1,542
105
150
1 590
108
115
1 637
5 113
8
84
1 589
96
64
1,546
112
82
1, 525
100
« 177
1,587
117
224
1 666
117
214
1 763
113
196
1,785
45 560
4,777
50 457
4,597
2,512
44 540
3,988
64 206
6 242
47 243
4 730
2,454
49 818
4 202
48, 282
4,355
47, 160
5,110
2, 304
50, 809
7,622
55 821
6 907
48 507
10 887
52 641
9 953
28 56
34.9
16.0
17.3
27 18
34.9
15.8
16.8
26 84
34.9
15.4
16.8
26 75
34 9
15.4
16.5
26 28
34 9
15.3
16.3
26 50
34.9
15.4
16.3
26.48
34.7
15.8
16.3
26.51
35.9
16.3
16.4
26.00
35.9
16.5
16.4
26 60
35 9
16 5
16.5
26 80
35 9
16 3
16.6
26 50
35 1
r 15 9
16.6
27 29
P 34 9
p 16. 4
p 16.6
.625
.921
.630
.921
.632
.921
630
.921
627
.917
.633
.921
.636
.917
.633
.917
.633
.919
.642
.931
637
931
f
642
.933
f> 642
p 943
20, 897
19, 652
20, 888
19, 656
20, 872
19, 626
20, 715
19 457
20, 627
19 325
20, 646
19, 332
20, 606
19, 286
20, 633
19, 306
20, 634
19, 276
20, 696
19, 295
20, 782
19 348
20, 626
19, 136
20, 782
19, 282
11, 222
458
10,
455
8
126. 0
9,735
493
9,042
136.3
9,464 8 11, 059
442
485
8 768 5 10 239
134 6 5 122 5
9,934
497
9 184
138 0
r
5
706 603
8
8
1,95
187
19 831
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterlvd" - mil. of linear yards
Exports
thous of sq. yd
Imports 9
_
do
Prices, wholesale:
Mill margins
cents per Ib
Denim, 28-inch
cents per yd
Print cloth, 39-inch, 68 x72._ ._ _ _ ._ _ do
Sheeting, in grav, 40-inch, 48 x 44-48
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2 carded weaving
dol. per Ib
36/2, combed, knitting
do
Spindle activity (cotton system spindles) :1
Active spindles, last working day, total _. thous
Consuming 100 percent cotton
__.
do
Spindle hours operated, all fibers, total __mil. of hr_
Average per working dav
do
Consuming 100 percent cotton
do
Operations as percent of capacity
9,145
457
8 631
124.7
9.231
469
8 697
128.1
55.9
24.3
8
5
10, 939
447
10
216
8
122. 8
7,06f
372
6,578
102.4
9,171
459
8,583
126.2
58.3
32.1
57.9
35.7
53.1
32.1
53.2
35.8
62.1
32.4
64.2
32.4
66 9
33.5
70 4
34.9
65.8
35.4
68 1
33.0
69.8
28.3
3,509
68 5
27.9
2,178
67.0
28.0
3,106
70.2
29.0
2,940
73.2
30.1
5,785
64.8
30.3
7,536
61.4
33.2
8,300
58 9
33 6
9 915
55 6
32 0
19 696
55 5
28 6
50 4
25 8
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
336
780
330
» 780
v 33(5
11, 454
458
10
799
8
125. 3
8, 991
457
8 475
125 3
8 932
447
8 366
122 6
55.6
24.1
60.8
29 2
60.4
28.9
78.6
33.1
1,215
75.9
30.9
1,691
75.4
28.3
2,264
.780
.336
.780
.336
.780
.336
5
8
8
5
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
_ _ _ _ _ _ _ _ _ _ _ mil.oflb Staple (incl. tow)
do
Stocks, producers', end of month:
Filament yarn
do
Staple (incl. tow) __
_
__do - _
Imports
thous. of Ib
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping
point
_ _ ___
dol. per Ib Staple, viscose, 1^ denier
_
do
Rayon and acetate broad-woven goods, production,
quarterly c?
thous of linear yards
402 378
.780
. 336
r
383 248
407 576
46"! 712
SILK
Silk, raw:
Imports
_
thous. of Ib _
Price, wholesale, white, Japanese, 20/22 denier, 87%
(AA), f. o. b. warehouse
dol. perlb.-
465
449
366
1,051
671
843
654
890
567
814
777
699
5.58
5.39
5.23
5.07
5.03
4.53
4.55
4.68
4.83
4.75
4.78
4.60
P4.62
thous. o f l b _ _
__
do
18, 653
9, 840
19, 737
9,788
24, 520
11, 738
21,735
9,237
23, 040
8,319
8
28, 084
9, 286
21, 301
5,903
23, 760
9, 253
5 r 23, 100
21,257
9 960
Imports, clean content 9
do
Apparel class (dutiable), clean content*
do
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. p e r l b _ _
Brifht fleece 56s-58s clean basis
do
Australian, 64s, 70s, good topmaking, clean basis, in
bond
dol per ib
17,147
9,367
14, 277
7,154
17, 823
10, 576
22, 067
10, 768
19, 868
10, 458
21, 603
12, 385
19,012
8,989
1.725
1.205
1.725
1.196
1.675
1.122
1.688
1.160
1. 731
1.184
1.767
1. 1871
1.775
1.775
1.725
1.725
1.725
1.725
WOOL
Consumption, mill (clean basis) :ft
Apparel class
Carpet class
- __ _ _
r
6
8
8
8
8
8
24, 813
11,578
20, 048 ' 19, 043
9,502
9 172
18, 478
9,401
17, 757
8,085
17, 003
8,317
13 897
7 884
14 453
7 828
1.756
1. 166
1. 762
1.211
1.771
1 220
1.712
1.196
1.600
1 075
1.560
1 135
M.nSO
] 146
1.556
1 191
1.725
1.725
1 725
1.725
1 675
1 625
1 525
1 475
5r
11 190
1
Revised.
» Preliminary.
Qinnings to January 16. 2 Total ginnings of 1953 crop. 3 Ginnings to December 13. * December 1 crop estimate. 8 Data cover a 5-week period.
Nominal price.
§ Total ginnings to end of month indicated.
•JData for March, June, September, and December 1954 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered.
9 Revisions for 1952 appear in corresponding note in April 1954 SURVEY.
*New series. Imports of wool are compiled by the 17. S. Department of Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be
shown later.
^Revisions for 1952 are shown in the August 1953 SURVEY.
cTRevisions for broad-woven goods for first and second quarters of 1952 are shown in the October 1953 SURVEY.
SURVEY OF CURRENT BUSINESS
S-40
Jlavch 10">5
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical JanuSupplement to the Survey
ary
February
March | April | May
June
1955
July
August
SeptemNovem- DecemOctober
ber
I ber
ber
January
February
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
dol. per Ib
Woolen and worsted woven goods, except woven
felts :J
Production quarterly total
thous oflin yd
Apparel fabrics, total
do
Government orders
do
Other than Government orders, total
do
Men's and boys'
do
Women's and children's
_
_ _ _ d o __
Nonapparel fabrics, total
do __
Blanketing
do _
Other nonapparel fabrics. _
_
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel 12-13 oz /yd 57"/60"
1947-49 = 100
Gabardine, 10^-12K oz /yd., 56"/58" _ _ - do
2.073
2 037
2 025
2 037
!
6° 738
112.9
103.6
2 037
i
54, 83
95,
53,87 :
26,4*) ,
27.41 i
;
!
<
:
.„
7,9031
4, 455'
3,448
.
111.5
103.6
112.1
103.6
112.1
102.6
69 440
63 559
570
62 989
30,078
32,911
i
j
i
!
2 043
2 043
112.1
103.6
1 1 2. 9
103.6
2 013
1 989
r 72 493
r frf f;()4
~ -
r
39 103
r
r
112 9
103 6
T
1 998
p 1 928
75 472
69 509
551
68 958
34 091
34, 867
r 4^
r fiy 14*]
r 9.R 043
5, 881
3, 346
2, 535
_
2 037
2 037
5, 963
2 993
2 970
4 889
9 949
1 940
112 9
103. 6
112 9
103 f
111 6
103. 6
112 1
103. 6
112 1
103. 6
112 1
103. 8
290
87
350
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft, shipments.
Exports?
i
.
__
__number__
do
278
92
240
65
312
106
359
116
309
95
316
67
293^
105,
264
68
"84
174
61
288
108
number
do
_. d o ,
do
_ do _ do
do_ .
551,134
405
365
454, 562
435, 139
96,167
83, 563
534, 145
328
322
446, 676
425, 392
87,141
72, 468
633, 003
297
289
531,529
510,024
101,177
85, 154
631, 769
379
348
534, 667
515,192
96, 723
79, 439
588, 562
274
251
497, 062
478, 889
91,226
73, 712
598, 876
351
349
507, 055
489, 994
91,470
74, 250
530,416
246
190
451,663
437, 028
78, 507
62, 161
521 450
309
306
445, 306
431, 371
75, 835
60, 263
369, 942
326
314
300,998
292, 721
68, 618
50, 845
287, 730
397
385
221, 195
214,913
66, 138
48, 966
587, 785
305
251
498, 248
477, 927
89, 232
72, 862
do
do
do _
29, 700
16,448
13, 252
31,433
18,195
13, 238
21,685
12,177
9,508
45, 725
24, 836
20, 889
37, 479
18,296
19, 183
30, 254
14, 697
15,557
29, 154
13, 210
15, 944
26, 794
11,519
15, 275
26, 645
9, 556
17, 089
22, 224
6,357
15, 867
29, 261
12,519
16, 742
34, 849
20, 393
14, 456
do
-do
do
do
do. _
4,724
4, 585
1,899
2, 686
139
4, 667
4, 502
1, 767
2,735
165
5,000
4,741
1,879
2,862
259
4, 746
4,535
1,865
2,670
211
4,844
4,638
1,934
2,704
206
5,258
4,987
2,479
2,508
271
3,686
3,465
1,858
1,607
221
3,899
3, 740
2,052
1,688
159
4,271
4,105
2,256
1,849
166
4,521
4,356
2,551
1,805
165
4,876
4, 743
2,822
1,921
133
4, 92.5
4,726
2, 823
1, 903
199
do __
do
340, 698
60, 694
369, 592
60, 843
480, 731
72, 583
508, 102
75, 332
520, 958
78, 209
596, 719
85, 858
474, 316
65, 181
440,312
64, 180
407, 844
66, 174
395, 943
71, 254
5,101
3,815
3,658
1,286
4,041
3,014
2,947
1,027
4,826
3,796
3,793
1,030
4, 195
3,138
2,981
1,057
3,658
2,513
2, 028
1,145
2,683
1,263
1,230
1,420
2,051
955
705
1,096
2,450
990
837
1,460
2,958
1,600
1,208
1,358
2,348
1,338
807
1,010
1,770
1,085
617
685
2,232
1,428
1,369
804
2,008
1,599
1,599
409
686
384
29
17
690
405
40
22
636
374
59
36
572
330
64
44
541
314
41
26
500
285
44
30
502
316
65
34
450
291
52
25
587
448
42
22
563
434
38
25
514
405
54
34
757
671
57
34
761
693 I
40
18
1,777
1,775
1,773
1,771
1,768
1,764
1,757
1,753
1,750
1,745
1,739
1,736
1,733
91
5.1
23, 537
9,153
14, 384
94
5.3
20,548
6,784
13, 764
98
5.6
16, 896
4,068
12, 828
104
5.8
13, 964
2,132
11, 832
112
6.3
12, 169
1,214
10, 955
116
6.6
11, 429
1,793
9,636
118
6.7
10, 334
1,731
8,603
122
6.9
11,016
3,911
7,105
126
7.2
10, 232
4,403
5,829
123
7.0
11, 785
4,952
6,833
120
6.9
13, 639
6,581
7,058
116
6.7
13, 624
6,078
7,546
121
7.0
16, 970
7,248
9,722
1,215
10.6
1,210
10.8
1,222
11.2
1,169
11.1
1,180
11.4
1,117
11.1
1,081
11.0
1,102
11.4
1,233
13.1
1,237
13.5
1,226
13.9
1,227
14.5
1,290
15.6
486
521
365
300
170
124
133
99
115
158
267
493
472
37
33
26
57
46
36
42
34
39
32
33
29
523
485
38
467
437
30
473
448
25
366
344
22
445
417
28
445
389
56
413
368
45
357
278
79
357
319
38
348
318
30
359
304
55
394
356
38
MOTOR VEHICLES
Factory sales total
Coaches, total
Domestic
_
Passenger cars, total
Domestic
Trucks, total
Domestic -
_
Exports, total 9
Passenger cars 9
Trucks and buses 9
_
__
_
-
Truck trailers, production, total
Complete trailer sd1 - - - - - _
Vans
All other d*
_ - _
Trailer chassis
_ . _ _
_
Registrations:
New passenger cars
New commercial cars
r 766, 169 752, 024 738, 549
422
(l)
0)
332
' 669, 936 659, 500 676, 060
' 643, 763
f 95, 811 i 92, 524: i 62, 489
' 79, 767
4,750
4,602
2,849
1, 753
148
381, 081 ' 656, 61 1
64, 735 ' 69, 838
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
_ Equipment manufacturers, total
Domestic
Railroad shops domestic
__
number
do
do
do
Passenger cars, equipment manufacturers:©
Orders unfilled, end of month, total*
...do ...
Domestic
do
Shipments total
_
do
Domestic
do
Association of American Railroads:
Freight cars (class I), end of month :§
Number owned
thousands
Undergoing or awaiting classified repairs
thousands. .
Percent of total ownership _._ _
Orders, unfilled
number
Equipment manufacturers
do _._
Railroad shops
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number. _
Percent of total on line
Diesel-electric and electric: Orders, unfilled
number of power units
Exports of locomotives, totaH
number. _
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
number
_ __
. do
do
Shipments, total
Domestic
_
Export
_
342
305
37
r
Revised.
» Preliminary.
i Coaches included with trucks.
^Revisions for 1952 are shown in the August 1953 SURVEY.
9 Data exclude all military-type exports. Scattered monthly revisions for 1952 for motor vehicles will be shown later.
c? Revised beginning 1952 to include production of converter dollies; data as revised are comparable with figures through 1951 shown in the 1953 issue of BUSINESS STATISTICS. Revisions
for January-September 1952 are shown in the December 1953 SURVEY.
© Excludes railroad shops except when noted.
*New series; monthly data prior to 1953 will be shown later.
§Not including railroad-owned private refrigerator cars.
^Revised exports for May 1952, 41 locomotives.
U. 5. G O V E R N M E N T P R I N T I N G O F F I C E : 1955
•INDEX TO MONTHLY BUSINESS STATISTICS,
Pages marked S
Abrasive paper and cloth (coated)
38
Acids
24
Advertising
.
8
Agricultural employment
11
Agricultural loans and foreign trade
16, 17, 21,22
Aircraft and parts
2, 11,12, 14, 15,40
Airline operations
_,
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
.,
2, 6, 8, 27
Aluminum
33
Animal fats, greases, and oils
25
Anthracite
11,13,14,15,34
Apparel
2, 3, 4, 5, 6, 8, 9, 10, 12, 13, 14,15, 38
Asphalt and asphalt products_
36
Automobiles
2,3,8,9, 11,12,14,15, 16,22,40
Bakery products
2,12, 13,14,15
Balance of payments
21
Banking
,
14,16
Barley
28
Barrels and drums
32
Battery shipments
, _.
,_.
34
Beef and veal
__29
Beverages
2,4,6,8,12,13,14,15,27
Bituminous coal
11,13,14,15,35
Blast furnaces, steel works, etc
11,12,14,15
Blowers and fans
34
Bonds, issues, prices, sales, yields
19, 20
Book publication
37
Brass__
33
Brick
----38
Brokers'loans and balances
16,19
Building and construction materials
8, 9, 10
Building costs
7,8
Business incorporations, new
.
5
Business sales ana inventories
3
Butter
— —.
27
Cans (metal), closures, crowns...
33
Carloadings
..
23
Cattle and calves
29
Cement and concrete products
6,38
Cereals and bakery products
6, 12, 13,14, 15
Chain-store sales (11 stores and over only)
10
Cheese
27
Chemicals
2,3,4, 6,12,13,14, 15,18, 22, 24
Cigarettes and cigars
__
6, 30
Civilian employees, Federal
. _. _
.
12
Clay products (see also Stone, clay, etc)
6,38
Coal _ _ _
2,3,6,11,13,14,15,22,23,34,35
Cocoa
22,29
Coffee.
22,29
Coke_
23,35
Commercial and industrial failures.
5
Communications
11,13,14,15, 19,20, 24
Confectionery, sales
29
Construction:
Contracts awarded
7
7,8
Costs
Dwelling units
7
Employment, earnings, hours, wage rates _ _
11,
13,14,15
Highways and roads
_ _ 7,8,15
New construction, dollar value. .
1,7
Consumer credit
16,17
Consumer durables output, index
3
Consumer expenditures
.
1, 9
Consumer price index
5
Copper
_ 22,33
Copra and coconut oil
.
25
Corn____
19,28
Cost-of-living index (see Consumer price
index)-.----_.
5
Cotton, raw and manufactures
_ _ _ 2, 5, 6, 22,39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term
16,17
Crops
.
2,5,25,28,30,39
Crude oil and natural gas
2,3
Currency in circulation
18
Dairy products
2, 5, 6,12,13,14,15, 27
Debits, bank
._
16
Debt, United States Government
17
Department stores
9,10,16
Deposits, bank
16,18
Disputes, industrial13
Distilled spirits
27
Dividend payments, rates, and yields
1,18, 20
Drug-store sales
9,10
Dwelling units, new
...
7
Earnings, weekly and hourly
_ ..
14,15
Eating and drinking places.
9,10
Eggs and poultry
2, 5, 29
Electric power
.
6, 26
Electrical machinery and equipment
2,
3,4,5,11,12,14,15,18,22,34
Employment estimates and indexes
11,12
Employment Service activities
,
13
Engineering construction
_
.
7, 8
Expenditures, United States Government
17
Explosives
25
Exports (see also individual commodities)
21,22
Express operations
__
._
23
Failures, industrial and commercial
Farm income, marketings, and prices
Farm wages
__,
Fats and oils, greases
Federal Government
finance
Federal Reserve banks, condition of
Federal Reserve reporting member banks
Fertilizers
.
_,
Fiber products
Firelosses__
Fish oils and
fish
.„____
Flaxseed
Flooring
.
,__.
Flour, wheat___.,
5
1, 2, 5, 6
15
6, 25, 26
.
17
16
16
6,25
34
8
25,30
26
31
29
Pages marked S
Food products. _ _
.„
,2,3,4,5,
6, 8, 9, 12, 13, 14, 15, 18, 22, 23, 27, 28, 29, 30
Foreclosures, real estate
8
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
.
._
21, 22
Foundry equipment
34
Freight carloadings
23
Freight cars (eqxiipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables .
5,6,22,28
Fuel o i l _ _
__-_,
_ _ __
___
35
Fuels
6, 34, 35
Furnaces__
34
Furniture
2, 3, 4, 6, 9, 10, 11, 12, 14, 15, 16
Furs...
-~
22
Gas, prices, customers, sales, revenues
5, 6, 27
Gasoline
9,36
Glass products
.
2, 11, 12, 14, 15,38
Generators and motors
34
Glycerin
..
24
Gold
-~
18
Grains and products
5, 6, 19, 22, 23, 28, 29
Grocery stores9,10
Gross national product
1
Gross private domestic investment
1
Gypsum and products
,6, 38
Hardware stores
9
Heating apparatus
11, 12, 14, 15, 34
Hides and skins
6, 22,30
Highways and roads.
... 7, 8, 15
Hogs
-—
29
Home Loan banks, loans outstanding
_
8
Home mortgages
$
Hosiery.38
Hotels
— 11, 13, 14, 15, 24
Hours of work per week
12,13
Housefurnishings
5, 8, 9, 10
Household appliances and radios
_ _ 3, 6, 9, 34
Imports (see also individual commodities)
21, 22
Income, personal-1
Income-tax receipts
17
Industrial production indexes.
2,3
Installment credit..-.---_.. 16, 17
Installment sales, department stores
10
Instruments and related products. 2, 3, 11, 12,14, 1$
Insulating materials
,___,— —
34
Insurance, life
——
17, 18
Interest and money rates.
16
International transactions of the U. S__.
21, 22
Inventories, manufacturers' and trade
3, 4, 9, 10
Iron and steel, crude and manufactures
2,
6, 18, 22, 32, 33
Kerosene.
--35
Labor disputes, turnover
Labor force
.
Lamb and mutton
Lard..
Lead
Leather and products
.
13
1J
29
29
33
2,
3, 4, 6, 12, 13, 14, 15, 30, 31
Linseed oil
26
Livestock
—
2, 5, 6, 23, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8, 16, 17, 19
Locomotives
40
Lubricants
..-—
36
Lumber and products..-.
2,
3, 4, 6, 9, 10, 11, 12, 14, 15, 18, 31, 32
Machine activity, cotton
_ __
39
Machine tools
_
34
Machinery
2, 3, 4, 5, 6, 11, 12, 14, 15, 18, 22, 34
Magazine advertising
8
Mail-order houses, sales
10
Manufacturers' sales, inventories, orders
3, 4, 5
Manufacturing production indexes
2, 3
Manufacturing production workers, employment, payrolls, hours, wages
11, 12, 13, 14, 15
Margarine
_
26
Meats and meat packing.. 2, 5, 6, 12, 13, 14, 15, 29
Medical and personal care
.
5
Metals
2, 3, 4, 5, 6, 11, 12, 13, 14, 15, 18, 32, 33
Methanol
.
24
Milk
27
Minerais and mining. 2, 3, 11, 13, 14, 15, 19, 20, 23
Monetary statistics
18
Money supply
18
Mortgage loans
8, 16, 17
Motor carriers
23
Motor fuel
36
Motor vehicles
4, 6, 9, 18, 40
Motors, electrical
34
National income and product
1
National parks, visitors
24
National security
.
1,17
Newspaper advertising
8
Newsprint
.
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals__-_ 2, 6, 11, 12, 14, 15, 18, 22, 33
Noninstallment credit
17
Oats
._.
28
Oil burners
34
Oils and fats, greases
.
6, 25, 26
Orders, new and unfilled, manufacturers'
4, 5
Ordnance
„__„.__
11, 12, 15
Paint and paint materials.
.
-_
6, 26
Panama Canal traffic
23
Paper and products and pulp_
2,
3, 4, 6, 12, 13, 14, 15, 18, 36, 37
Passports issued
24
Payrolls, indexes
12
Personal consumption expenditures
1, 9
Personal income
_
,
1
Plant and
Plastic*
^-"
T
Population, — 4.j*.i*P*.^
.
Wholesale price indexes. -—._-_-,_-
Profits, corporation. ._,««.*>»
Public utilities
___ .
.
. . .
Pulp «*4 pulpwood ------- ;^...,.ta*^^
Hadiators and coi-vectors. ..-.._...-..
Hy*,
*p*$HM*«9*t»i
Sewer,^ ,
Sheep atid laxnbs *.-, •«._.<
,__
Ship and boat building.
.........
Shoes and other footwear
. 6,9,10,
Silk, prices," imports. 11. _
..II...-.
Silver.
,....._.,..,,
Soybeans and soybean Hi
Spindle activity, cotton.--...--..---..;»:-<
Steel ingots and steel manufactures (see
Iron and i' ""
' ''"'
Steel tc
Stocks,
toriei>..
Stocks* dividends,
Sutfuricadd,.,.- ----- * ....... ..^^X
Superphosphate..............
i.v^^:P^
Telephone, telegrapa, C-tDte*
jjEfUdph caff-el's.....— ..
T«lev5ioii and radio.
Tires and inner tubes.____.
Transit lines, local___^.^.
Transportation and
Travel
Truck trailer*—..- -.
Turpentine and rosin..----^
United States G
Utilities..
Vacuum cleaners........ — ..
Variety stores
.--..--..-
.Wages Ami salaries...
Washers...
Water beaters.
Wholesale price
Wholesale trad*..
.w
Wood pulp.._______.._,»__..-,^.,,,*>*
Wool ami wool »M»dhelan^u*;^^
«^^^...:
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